Most emerging Asian currencies weakened on Wednesday, with the Philippine peso skidding to its lowest in more than 11 years, as the dollar held firm on reports of Republican senators leaning towards John Taylor to be the next Federal Reserve chief. The do
The Sri Lankan rupee ended steady on Wednesday, as demand for the US dollar from importers was offset by selling of the greenback by exporters in the latter part of the day, dealers said. The spot rupee which traded at 153.92 per dollar during the day, cl
The dollar held firm on Tuesday against a basket of currencies as a report that John Taylor has support from a group of Republican Senators to be Federal Reserve chief offset news that might hamper the passage of a tax-cut plan. The New Zealand dollar was
The dollar dipped on Wednesday against a basket of currencies, struggling to post further gains tied to speculation the next chair of the US Federal Reserve will steer policy in a more hawkish direction. Profit-taking on the greenback emerged as the dolla
The dollar climbed to a 3-1/2-month high against the yen on Wednesday, supported by speculation that the next chair of the US Federal Reserve will steer policy in a more hawkish direction. Sterling was the biggest mover among major currencies, climbing al
The dollar held near a three-month high versus the yen on Wednesday, underpinned by reports of Republican senators' favouring John Taylor to become the next head of the Federal Reserve, while the Aussie dollar weakened after soft inflation data.
Britain's blue chip index was knocked out to a three-weeks low on Wednesday when better than expected economic growth triggered a surge in the pound and as shares in heavy-weight GlaxoSmithKline suffered their worst fall in nearly a decade.
Indonesian shares hit a record closing high on Wednesday, marking a fresh peak for a second straight session, led by financial stocks, while other Southeast Asian stock markets rose tracking Asian peers and Wall Street overnight. Indonesia rose 1.2 percen
European shares fell to a near four-week low on Wednesday, with a mixed batch of company results sparking profit-taking a day before the European Central Bank decides on monetary policy. Pharma heavyweight GlaxoSmithKline (GSK) was a big faller as comment
China's blue-chip shares extended gains to 26-month highs on Wednesday, underpinned by robust profits from tech firms and as the ruling Communist Party revealed its new leadership line-up. During the week-long Communist Party Congress that concluded on Tu
Saudi Arabia's stock market posted a small gain on Wednesday on the back of firm oil prices, seemingly little impressed by heavy investment plans showcased at a major conference in Riyadh. The Saudi index gained 0.3 percent, supported by Saudi Electricity
US benchmark 10-year Treasury note yields rose to their highest in more than five months on Tuesday, in line with gains in the European bond market, with a strong US equity performance also adding to overall risk appetite.
US benchmark 10-year Treasury note yields rose to their highest in more than five months on Tuesday, in line with gains in the European bond market, with a strong US equity performance also adding to overall risk appetite.
Hong Kong stocks rose on Wednesday, underpinned by strong gains by listings in the city of mainland-based companies, as China's ruling Communist Party revealed its new leadership line-up. The Hang Seng index rose 0.5 percent to 28,302.89 points. China Ent
The Dow rallied on Tuesday, registering its biggest daily percentage gain in more than a month, as stronger-than-expected results and forecasts from companies including 3M and Caterpillar fueled optimism about economic strength. The S&P 500 and Nasdaq end
Wall Street's benchmark S&P 500 index was headed for its worst loss in seven weeks on Wednesday, with downbeat corporate earnings and contradicting signals on Republican plans for a popular retirement scheme weighing on sentiment. Earnings season so far h
Tokyo's benchmark index closed lower Wednesday, ending the longest winning streak in its nearly 70-year history. The Nikkei 225 lost 0.45 percent, or 97.55 points, to finish at 21,707.62, after 16 straight gains, while the broader Topix index slipped 0.31
Indian shares ended at record closing highs on Wednesday as banks soared after the federal cabinet unveiled a $32.4 billion recapitalisation plan, while construction firms surged after the government approved an ambitious plan to build roads nationwide. T
New orders for key US-made capital goods increased more than expected in September and shipments rose for an eighth straight month, pointing to robust business spending that should help to mitigate the impact on the economy from the hurricanes.
Coca-Cola reported a jump in third-quarter profits Wednesday due to lower expenses as it broadens offerings of non-cola drinks to offset sluggish demand for its namesake product in North America. Earnings for the quarter ending September 29 came in at $1.
Coca-Cola reported a jump in third-quarter profits Wednesday due to lower expenses as it broadens offerings of non-cola drinks to offset sluggish demand for its namesake product in North America. Earnings for the quarter ending September 29 came in at $1.
UAE telecoms giant Etisalat said Wednesday its third quarter net profit was up by nearly a third on last year, despite being hit by exchange rate fluctuations. The second largest mobile operator in the region, after Saudi telecom, it posted a $658 million
UAE telecoms giant Etisalat said Wednesday its third quarter net profit was up by nearly a third on last year, despite being hit by exchange rate fluctuations. The second largest mobile operator in the region, after Saudi telecom, it posted a $658 million
Boeing reported mixed results Wednesday, lifting its full-year profit forecast, but announcing that costs on a high-profile tanker program had once again risen unexpectedly. Net income fell 18.7 percent to $1.9 billion for the quarter ending September 30.
Boeing reported mixed results Wednesday, lifting its full-year profit forecast, but announcing that costs on a high-profile tanker program had once again risen unexpectedly. Net income fell 18.7 percent to $1.9 billion for the quarter ending September 30.
Toyota said on Wednesday it is cutting investment and production at a planned Mexican factory targeted by Donald Trump, but denied politics played any role in the decision, which came days before the US president visits Japan. The auto giant is reducing p
France is seeking "climate veto" powers over the EU's landmark trade deal with Canada to ensure it does not undermine efforts against global warming, Environment Minister Nicolas Hulot said Wednesday. Hailed by the European Union as one of its most ambiti
World Cup 2022 host Qatar, under global scrutiny over its alleged ill-treatment of migrant labourers, is to introduce a minimum wage for workers, official state media said Wednesday. Qatar News Agency also announced that the gas-rich emirate has signed bi
Ten years after Paris launched the wildly popular Velib bicycle-sharing scheme, the grey two-wheelers that have spawned imitators worldwide are getting a makeover. On Wednesday, the City of Paris unveiled two new, colourful models that will replace the ex
Honda on Wednesday showcased a new motorcycle that can stand unaided with or without a rider, using technology the firm learned from developing a walking humanoid. Unveiled at the Tokyo Motor Show, Honda's Riding Assist-e is an all-electric concept motorb
Britain's economy gently picked up speed in the third quarter, official data showed on Wednesday, strengthening expectations of an interest rate hike next month, despite uncertainty over Brexit. Gross domestic product grew by 0.4 percent in the period fro
The Asia-Pacific region must urgently step up investment in infrastructure to meet rapidly increasing demand for air travel, the global airline industry's trade body said Wednesday. "We are headed for a major infrastructure crisis," said Alexandre de Juni
After a year of stagnation the luxury market has returned to growth and will likely set a new record of 1.2 trillion euros ($1.4 trillion) in 2017, said a study released Wednesday by consulting firm Bain and Company. The five percent growth in the overall
German airline group Lufthansa confirmed its objectives for the full year Wednesday, reporting a third quarter that saw it beat analysts' expectations even as it gobbled up parts of bankrupt rival Air Berlin. "The Lufthansa group is back on the offensive
Russia held on to its position as China's top crude oil supplier ahead of Angola and Saudi Arabia for the seventh straight month in September, with shipments hitting a record as refiners rushed to buy lower-sulphur oil to meet cleaner fuels standards. Imp
German chemicals giant BASF beat expectations Tuesday with a leap in profit between July and September, as strong performance at its core chemicals division powered much of the increase. Net profit at the Ludwigshafen-based group increased by 50 percent c
German chemicals giant BASF beat expectations Tuesday with a leap in profit between July and September, as strong performance at its core chemicals division powered much of the increase. Net profit at the Ludwigshafen-based group increased by 50 percent c
CIF soyabean basis values tumbled on slow export demand for US Gulf shipments and rising supplies from the Midwest harvest on Tuesday. October-loaded barges traded as low as 12 cents a bushel over CBOT November futures, the lowest spot basis value in 17 m
Volume of business came down on the cotton market on Wednesday as some leading mills refrained from big deals owing to the higher prices, dealers said. The official spot rate was unmoved at Rs 6300, they said. In the ready session, over 30,000 bales of co
The Karachi Port handled 155,212 tonnes of cargo comprising 107,009 tonnes of import cargo and 48,203 tonnes of export cargo including 6,407 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
European wheat futures drifted lower on Tuesday as the market held close to chart support but with large global wheat supplies depressing sentiment. December milling wheat on the Paris-based Euronext exchange unofficially closed down 0.3 percent, or 0.5 e
US natural gas futures settled slightly lower on Tuesday as the psychological $3 mark provided a staunch resistance amid doubts over a widespread heating demand across the United States even though forecasts are for a cooler than normal weather over the n
Palm oil on the European vegetable oils market eased slightly on Tuesday on expectations of a slowdown in export growth during October versus an increase in production. Asking prices for palm oil were mostly between unchanged and $2.50 a tonne lower after
On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,046. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.136 billion and the number of lots traded was 10,004.
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
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
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (October 25, 2017).
Federal Minister for Planning, Development and Reform, Ahsan Iqbal Wednesday expressed satisfaction over the progress of CPEC projects across the country and said that CPEC Long Term Plan would be approved in 7th Joint Co-operation Committee (JCC) meeting
Secretary of State Rex Tillerson said Wednesday the United States is concerned that extremist groups are threatening the "stability and security" of the Pakistan government. Tillerson, who arrived in New Delhi late Tuesday after a brief and tense stop in
Foreign Minister Khawaja Muhammad Asif informed Senate on Wednesday that except pressing for going tough on the Haqqani network, the US had not made any "specific request" to Pakistan as claimed by US Secretary of State Rex Tillerson ahead of his recent v
Foreign Minister Khawaja Muhammad Asif informed Senate on Wednesday that except pressing for going tough on the Haqqani network, the US had not made any "specific request" to Pakistan as claimed by US Secretary of State Rex Tillerson ahead of his recent v
Afghan President Ashraf Ghani is said to have stated time has come for Islamabad to make a "clear choice", suggesting the country may have to pay a price under the US's new South Asia policy if it does not stop "backing the terror groups".
Afghan President Ashraf Ghani is said to have stated time has come for Islamabad to make a "clear choice", suggesting the country may have to pay a price under the US's new South Asia policy if it does not stop "backing the terror groups".
Afghan President Ashraf Ghani is said to have stated time has come for Islamabad to make a "clear choice", suggesting the country may have to pay a price under the US''s new South Asia policy if it does not stop "backing the terror groups".
Pakistan Stock Exchange Wednesday witnessed a positive trend with thin volumes on the back of fresh buying in select stocks. BRIndex100 gained 37.53 points or 0.85 percent to close at 4,473.28 points. BRIndex100 touched intraday high of 4,477.90 and intra
Pakistan Stock Exchange Wednesday witnessed a positive trend with thin volumes on the back of fresh buying in select stocks. BRIndex100 gained 37.53 points or 0.85 percent to close at 4,473.28 points. BRIndex100 touched intraday high of 4,477.90 and intra
The rupee fell against the dollar on the money market on Wednesday in the process of trading activity, dealers said. The rupee slipped by one paisa in terms of the dollar for buying and selling at Rs 105.45 and Rs 105.46 respectively, they said.
The city police Wednesday sealed majority of the routes leading to heavily guarded Red Zone of federal capital to protect Diplomatic Enclave and other sensitive installations during protest of "Karwan-e-Khatam-e-Nabuwat rally" likely to reach Islamabad in
The Federal Cabinet has decided to place Constituency Delimitations Bill, 2017 before National Assembly for debate and consideration following a briefing by Pakistan Bureau of Statistics (PBS) on sixth population census.
The Federal Cabinet has decided to place Constituency Delimitations Bill, 2017 before National Assembly for debate and consideration following a briefing by Pakistan Bureau of Statistics (PBS) on sixth population census.
The rupee fell against the dollar on the money market on Wednesday in the process of trading activity, dealers said. The rupee slipped by one paisa in terms of the dollar for buying and selling at Rs 105.45 and Rs 105.46 respectively, they said.
The latest surge in electricity prices would further increase the cost of doing business for textile sector and may further hamper the production capacity of export-oriented sector, observed a parliamentary panel. The concerns were also admitted by Federa
Federal Minister for Planning, Development and Reform, Ahsan Iqbal Wednesday expressed satisfaction over the progress of CPEC projects across the country and said that CPEC Long Term Plan would be approved in 7th Joint Co-operation Committee (JCC) meeting
Federal Minister for Planning, Development and Reform, Ahsan Iqbal Wednesday expressed satisfaction over the progress of CPEC projects across the country and said that CPEC Long Term Plan would be approved in 7th Joint Co-operation Committee (JCC) meeting