Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
US natural gas futures on Monday fell to their lowest since mid-November on forecasts for less-cold weather and lighter heating demand over the next two weeks and the rest of the winter. Front-month gas futures fell 9.0 cents, or 3 percent, to settle at $
On Monday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,167. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 5.35 billion and the number of lots traded was 12,055. Major business was contributed by gol
Export premiums for corn and soyabeans shipped from the US Gulf Coast were mostly steady on Monday, with nearby values underpinned by tight loading capacity at export terminals, traders said. Deferred basis offers for corn and soyabeans were capped by hei
Ghana expects to produce about 800,000 tonnes of cocoa in 2016/17, down from an earlier forecast of 850,000 to 900,000 tonnes, the new head of sector regulator Cocobod, according to Joseph Boahen Aidoo. "We are on the field and I think I would like to be
Russia's wheat export prices are expected to fall 7 percent from current levels when the new crop is delivered to the market this summer, IKAR, one of Moscow's leading agriculture consultancies, said on Monday. Russia, a major global wheat exporter, harve
The Karachi Port handled 136,879 tonnes of cargo comprising 124,984 tonnes of import cargo and 11,895 tonnes of export cargo including NA loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 124,9
Rates showed further improvement on the cotton market on Tuesday as the some leading buyers continued purchasing of quality lint to replenish their stock, dealers said. The official spot rate was unchanged at Rs 6700, they said. In Sindh, seed cotton pric
Wheat sourced from Romania was offered at the lowest price of $244.00 a tonne c&f free out, in a tender by Iraq's state grains board to buy at least 50,000 tonnes of hard wheat, European traders said on Monday. The tender closed on Sunday. No purchase had
Patchy rains last week in most of Ivory Coast's main cocoa-growing regions is expected to boost the next mid-crop, though hot weather elsewhere raised fears of destructive brush fires, farmers said on Monday. The dry season in the world's top cocoa produc
Chinese banks kept up a strong pace of lending at the start of the year, even with signs of tightening by the central bank, highlighting the challenge Beijing faces as it tries to deflate asset bubbles without risking a blow to economic activity. January'
Marine Le Pen's pledge to ditch the euro if elected French president would cost the country over 30 billion euros a year in increased borrowing costs, the country's central bank governor warned Monday. With less than three months to go before the first ro
Marine Le Pen's pledge to ditch the euro if elected French president would cost the country over 30 billion euros a year in increased borrowing costs, the country's central bank governor warned Monday. With less than three months to go before the first ro
India's inflation cooled to its lowest in at least five years in January as food prices fell following the government's cash clampdown, but emerging price pressures mean the Reserve Bank of India (RBI) will probably keep interest rates on hold. Consumer p
India's wholesale prices rose at the fastest pace in two-and-a-half years in January as fuel prices climbed, reinforcing the central bank's decision last week to move to a neutral policy stance as inflation risks grow. Prices in wholesale markets rose 5.2
The German economy grew by 0.4 percent in the final quarter of 2016, data showed on Tuesday, as increased state spending, higher private consumption and construction in Europe's biggest economy more than offset a drag from foreign trade. The growth figure
Kazakhstan plans to inject 2 trillion tenge ($6.2 billion) into its state-owned 'bad bank', the Problem Loans Fund, in order to buy distressed assets from local banks, central bank deputy chairman Oleg Smolyakov said on Monday.
Japanese Prime Minister Shinzo Abe said on Tuesday he and US President Donald Trump agreed to allow their respective finance leaders to discuss currency issues, suggesting Trump may be willing to soften criticism that Japan was manipulating its currency t
Credit Suisse on Tuesday reported a net loss of 2.4 billion Swiss francs (2.2 billion euros, $2.3 billion) in 2016, after agreeing to a massive settlement with US authorities over its role in the sub-prime crisis.
British engine maker Rolls-Royce slumped into a record £4-billion annual net loss in 2016, ravaged by a Brexit-fuelled collapse in the pound and a corruption fine. The loss after tax, equivalent to $5.0 billion or 4.8 billion euros, contrasted with a slen
British engine maker Rolls-Royce slumped into a record £4-billion annual net loss in 2016, ravaged by a Brexit-fuelled collapse in the pound and a corruption fine. The loss after tax, equivalent to $5.0 billion or 4.8 billion euros, contrasted with a slen
US wholesale inflation continued its upward trend in January, recording its largest monthly gain in more than four years, according to data released Tuesday by the Labour Department. The Producer Price Index, which measures prices from the seller's perspe
Chinese factory-gate prices climbed for a fifth straight month in January, the government said Tuesday, fuelling hopes the world's biggest goods trader can export much-needed inflation to the global economy. The surge, as well as a pick-up in consumer inf
The US Senate on Monday confirmed Wall Street banker Steven Mnuchin to be the next secretary of the US Treasury, overcoming fierce Democratic objection of yet another nominee to President Donald Trump's cabinet. Mnuchin, a former Goldman Sachs executive,
The US Senate on Monday confirmed Wall Street banker Steven Mnuchin to be the next secretary of the US Treasury, overcoming fierce Democratic objection of yet another nominee to President Donald Trump's cabinet. Mnuchin, a former Goldman Sachs executive,
British consumer prices rose last month at the fastest pace since June 2014 and are set to rise further, propelled by higher global oil prices and the Brexit-fuelled fall in the pound,official data showed on Tuesday. Consumer prices increased by 1.8 perce
India's largest carmaker Tata Motors Tuesday reported a 96 percent fall in quarterly profits, due to a cash ban which hit domestic business and weak sales at its luxury Jaguar Land Rover unit. Consolidated net profit for the three months ending December f
India's largest carmaker Tata Motors Tuesday reported a 96 percent fall in quarterly profits, due to a cash ban which hit domestic business and weak sales at its luxury Jaguar Land Rover unit. Consolidated net profit for the three months ending December f
Optimism about the strength of the eurozone economy took a hit on Tuesday as data showed lower-than-expected growth, possibly caused by weaker global trade as protectionist calls grow louder. The gross domestic product (GDP) of the 19 countries sharing th
Corporate earnings and other news from companies in Dubai helped that market rise on Tuesday, while Abu Dhabi was supported by earnings at Union National Bank and an arbitration judgement in favour of Dana Gas. Dubai's index rose 0.4 percent as Drake & Sc
Tokyo stocks closed lower Tuesday as a pick-up in the yen hurt exporters, while money-losing Toshiba plunged after delaying the release of its latest financial results. Japan's currency - widely seen as a safe investment - rose as US President Donald Trum
Wall Street edged lower on Tuesday after Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates at an upcoming meeting, but expressed uncertainty over economic policy under the Trump administration. She did not s
US equity indexes hit record highs on Monday, with the benchmark S&P 500's market value topping $20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy. Trump vowed last Thursday to make a major tax announcement o
Hong Kong stocks ended little changed on Tuesday as growing profit-taking after a two-month rally offset sustained inflows from mainland Chinese investors. Both the benchmark Hang Seng index and the Hong Kong China Enterprises Index closed a sliver lower
US Treasury yields rose on Monday as investors looked ahead to testimony by Federal Reserve Chair Janet Yellen on Tuesday and Wednesday and as record high stock markets reduced demand for bonds. Investors will be watching for any new indications of when t
US Treasury yields rose on Monday as investors looked ahead to testimony by Federal Reserve Chair Janet Yellen on Tuesday and Wednesday and as record high stock markets reduced demand for bonds. Investors will be watching for any new indications of when t
Australian shares stepped back slightly to snap a five day winning streak on Tuesday, as earnings worries dragged on consumer and healthcare stocks. The S&P/ASX 200 index was off 0.1 percent, or 5.488 points, at 5,755.2 by the close of trade. The benchmar
Indian shares ended nearly flat for a second straight session on Tuesday amid weak Asian markets, while losses in auto stocks led by Tata Motors offset gains in energy and IT stocks. The benchmark BSE index fell 0.04 percent to 28,339.31. The broader NSE
China's main stock indexes were largely unchanged on Tuesday, after data showed the country's inflation picked up to multi-year highs and reinforced a shift by Beijing to a more tighter policy stance. The blue-chip CSI300 index was unchanged at 3,435.80 p
European shares were slightly weaker on Tuesday, poised to snap a five-day streak of gains, as the corporate earnings season kicked into high gear across the region. The pan-European STOXX 600 index was down 0.2 percent. Financials were among the biggest
Taiwan stocks traded largely flat on Tuesday, paring early gains that lifted up the index to a 20-month high, as investors exercised caution ahead of the release of the government's quarterly economic outlook on Wednesday. The main TAIEX index was flat at
Southeast Asian shares fell on Tuesday, as investors turned cautious ahead of US Federal Reserve Chair Janet Yellen's congressional testimony that could give clues on the pace of interest rate hikes. Regional markets, which spiralled down in early trade o
Britain's top share index ended slightly lower on Tuesday, pausing after a five-day winning streak as Rolls-Royce tumbled after reporting a record loss. The blue chip FTSE 100 index closed down 0.1 percent at 7,268.56 points, having hit its highest level
The dollar extended losses on Tuesday after President Donald Trump's national security adviser Michael Flynn quit, with investors waiting to see whether Federal Reserve Chair Janet Yellen offers clues to the likely pace interest rate increases in her cong
The dollar stumbled against major currencies on Tuesday as investors reined in any expectations for a March rise in US interest rates and US President Donald Trump's national security advisor Michael Flynn quit in a row over Russia. The euro inched up by
The dollar turned higher against a group of major currencies on Tuesday as Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates at an upcoming meeting with the economy expanding further. The dollar index was la
The dollar rose to a near three-week high against a basket of currencies on Monday, lifted by hopes of US tax cuts to stoke corporate profits and investments, as well as bets on whether the Federal Reserve may raise interest rates more quickly. The greenb
The Sri Lankan rupee firmed on Tuesday as dollar sales by exporters offset demand for the US currency although depreciation concerns continued to weigh, dealers said. Rupee forwards were active, with two-week forwards closing at 151.15/25 per dollar, firm
Asian currencies rose on Tuesday as the resignation of US President Donald Trump's national security adviser dented the dollar, with the South Korean won getting an additional lift as local exporters sold the greenback. The won outperformed its regional p
Sterling retreated from its highest level in a month against the euro on Tuesday, after UK inflation data came in below forecast, adding to a handful of subdued economic numbers over the past couple of weeks. The figures still showed the fastest rise in c
The Australian dollar nudged higher on Tuesday after a business conditions indicator jumped to near decade highs but the currency struggled at 77 US cents, which is proving to be a crucial barrier. The Australian dollar added 0.35 percent to $0.7665, comi
A late equaliser from Suso secured a share of the points as AC Milan relaunched their Europa League bid with a precious 1-1 draw at Lazio on Monday. Lazio, fighting for a top three finish in a tightly-contested Serie A, looked to be heading for a second s
Army and MMS won the Hamdan Housing Polo Cup 2017 opening matches after defeating their respective opponents here at the Lahore Polo Club (LPC) ground on Tuesday. In the first match of the day, Army outran Barry's by 9-41/2. The soldiers started the match
Former world number one Jelena Jankovic was the most notable winner on a day affected by rain and thunderstorms at the Qatar Open on Monday. The Serb, a former US Open finalist, beat Bulgaria's Tsevtana Pironkova 6-1, 6-7 (6/8), 6-4 in a first round quali
The Under-23 Female Games in District Bannu entered into the last phase with Lakki Marwat maintained their lead on the second day of the three-day Games being played across District Bannu on different venues. Assistant Commissioner (AC) Bannu Anila Fahim
England all-rounder David Willey has been ruled out of the forthcoming one-day tour of the West Indies following surgery on a shoulder injury, it was announced Tuesday. The 26-year-old could only manage two overs during England's one-day international win
New Zealand Cricket (NZC) on Tuesday shifted next month's fourth one-dayer between the Black Caps and South Africa to Hamilton due to inadequate drainage at the original venue in Napier. An ODI between Australia and New Zealand at McLean Park was abandone
France edged Slovakia by just eight-hundredths of a second to win the team event at the World Ski Championships on Tuesday. The final finished level at 2-2 after Alexis Pinturault and Mathieu Faivre won their races for the French, and Veronika Velez Zuzul
Australia's Adam Voges has retired from international cricket, signing off with a Test batting average second only to the great Don Bradman. Voges became the oldest player to score a century on his test debut when he made an unbeaten 130 against West Indi
Sixth-seeded Frenchman Jo-Wilfried Tsonga was kept guessing by unheralded Greek Stefanos Tsitsipas before grinding out a 6-4, 7-6 (7/2) first round win at the Rotterdam World Tennis on Tuesday. The 19-year-old wildcard entry came onto the court as a compl
A goal from Raheem Sterling and an own goal from Tyrone Mings gave Manchester City a 2-0 win against Bournemouth and lifted them from sixth to second place in the Premier League on a blustery Monday night at the Vitality Stadium. Pep Guardiola's side clos
Chinese champions Guangzhou Evergrande have announced plans to field a Chinese-only squad by 2020, official media said on Tuesday, in a surprise turnaround after years of success based on big-money foreign signings. Evergrande have won the Chinese Super L
Australian captain Steve Smith raised the temperature Tuesday ahead of the first Test against India, calling on his players to "go for it" with the verbal volleys and on-field aggression. India-Australia series are notoriously feisty affairs - the 2008 co
Francois Fillon faced down a rebellion by lawmakers in his centre-right party on Tuesday, but the revolt exposed a shaky confidence inside his camp as he tries to draw a line under a scandal that could derail his bid to win power.
The US and Thailand launched annual joint 'Cobra Gold' military exercises Tuesday as Asia grapples with uncertainty over the direction of American foreign policy under President Donald Trump. The war games, typically involving days of gruelling and someti
A passenger train and a freight train collided in Luxembourg on Tuesday, killing one person and injuring several more, police said. The passenger service from Thionville in northeast France hit the goods train near Bettembourg close to the French border a
Israel has temporarily withdrawn its ambassador to Egypt amid ongoing security concerns, the country's intelligence service confirmed Tuesday. "Due to security considerations the return of the foreign ministry embassy staff to Cairo has been restricted,"
Queen Elizabeth II on Tuesday inaugurated Britain's National Cyber Security Centre (NCSC), spearheading the country's efforts to combat a growing wave of cyberattacks notably from Russia. The 90-year-old monarch formally opened the London hub alongside he
Venezuelan Vice President Tareck El Aissami hit back Tuesday at the United States for labelling him a drug kingpin, calling Washington's sanctions on him a "vile attack." El Aissami is the heir apparent to President Nicolas Maduro, and the US accusations
India hopes to make history by launching a record 104 satellites from a single rocket Wednesday as its famously frugal space agency looks to zoom ahead in the commercial space race. The rocket is set to blast off from the southern spaceport of Sriharikota
Russia is close to finalising a deal to build helicopters in India, an executive said Tuesday, a move that would boost Narendra Modi's ambitions to manufacture defence hardware locally. India is the world's top defence importer and is seeking to revamp it
German Chancellor Angela Merkel on Tuesday pushed Tunisia's prime minister to speed up the returns of rejected asylum seekers, as Tunis rebuffed criticism that it was blocking repatriations. The German leader has been battling to get Tunis to take back it
Libya on Tuesday repatriated nearly 200 illegal migrants from Niger who had been held in detention centres in the capital, an AFP photographer said. They were flown home from Mitiga airport east of Tripoli, in coordination with the International Organizat
Nato chief Jens Stoltenberg on Tuesday said the top priority for the transatlantic alliance is to increase defence spending, as demanded by US President Donald Trump. "Regardless of language, the most important thing is that we increase defence spending a
China is beginning to export its own weapon designs, including armed drones, worldwide and is reaching "near-parity" with the West in terms of military technology, accoording to a report on Tuesday The International Institute for Strategic Studies said th
ICE cotton futures climbed about 1.5 percent on Monday, supported by strong export demand for US cotton, ahead of the first notice day for the March contract due next week. The May cotton contract on ICE Futures US settled up 1.12 cent, or 1.45 percent, a
The most-traded copper contract on the Shanghai Futures Exchange rose 1.1 percent to 50,110 yuan ($7,292) a tonne on Tuesday. Shanghai, zinc and lead each slipped by less than a half-percent, while aluminium gained 2.9 percent. Copper built on hefty overn
Copper slipped into the red on Tuesday on hopes strike talks would restart at the world's biggest copper mine in Chile while aluminium touched its highest in 21 months on renewed concerns about potential closures of Chinese smelters to cut pollution. Also
Benchmark Tokyo rubber futures hit a near two-week high on Tuesday, stretching gains into a third straight session, on the back of firm Shanghai futures. The Tokyo Commodity Exchange rubber contract for July delivery finished 0.4 yen higher at 326.4 yen (
Malaysian palm oil futures came off near three-month lows to trade higher on Tuesday evening on concerns about a decline in February production, traders say. Market signals, however, were mixed earlier in the day as some forecast output gains while export
New York cocoa futures found some support on Tuesday after prices had fallen to their lowest level in almost a decade on market concerns over a wave of defaults in top grower Ivory Coast. The prospect of a large global surplus this season has led to a 10
Gold prices slipped on Monday as the dollar rose and equities climbed, but political and economic uncertainties in the United States and Europe are expected to provide support for now. The spot price was down 0.7 percent at $1,225.71 an ounce by 2:51 pm E
Gold prices edged up on Tuesday as the dollar crept lower, with investors turning their attention to testimony from US Federal Reserve Chair Janet Yellen later in the day for hints on the central bank's interest rate strategy. Spot gold was up 0.3 percent
Gold edged up on Tuesday as the dollar crept lower after US President Donald Trump's national security adviser Michael Flynn resigned and investors awaited testimony from US Federal Reserve Chair Janet Yellen. Yellen's semi-annual testimony at the Senate
US soyabean futures fell to a six-day low on Tuesday, pressured by the rapidly advancing harvest of a record crop in Brazil and much-needed rains in Argentina. Corn and wheat futures also weakened, setting back from 7-1/2 month lows in the absence of bull
Gold fell on Tuesday as the dollar advanced after US Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates at an upcoming meeting with the economy expanding further. The Federal Reserve chair struck a more hawki
Oil settled slightly higher on Tuesday, as rising supply from US shale output limited enthusiasm about an OPEC-led effort to cut global output. Brent crude settled 38 cents higher at $55.97 a barrel, well off the session high of $56.46 a barrel. US light
Pakistan is concerned over adverse impacts of climate change as the country contributes only 0.8 percent to total greenhouse gas emissions globally. Federal Minister for Climate Change Zahid Hamid said expressed these views on Tuesday while chairing an in
Acting State Department spokesman Mark Toner on Monday said that US strongly condemns terrorist attack in Lahore in which 13 people were killed. "We condemn this act of violence, whatever its source. Our thoughts and prayers are with the victims and their