The rupee rose slightly in terms of the dollar on Saturday in the process of trading activity, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling at Rs 107.50 and Rs 107.70 respectively, they said.
The rupee rose slightly in terms of the dollar on Saturday in the process of trading activity, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling at Rs 107.50 and Rs 107.70 respectively, they said.
Asia's naphtha crack spread extended gains to $120.80 a tonne, making this the highest value since January 8 2016 for the second straight session on Thursday. Fundamentals were strong and some traders as well as end users expect supplies to be tight.
ICE Canadian canola futures slipped on Thursday, pressured by a strengthening Canadian dollar and commercial hedges. Most-active January canola lost 20 cents to $520.90 per tonne. ICE reported 1,950 deliveries of the November contract, which expires on No
Chicago Board of Trade wheat futures rose for the first time in seven sessions on Thursday on technical buying and short covering after the market hit contract lows earlier in the week, traders said. Burdensome global wheat supplies continue to hang over
Basis bids for hard red winter wheat delivered by rail to the US Gulf Coast were firm on Thursday on solid demand and limited supplies of high-protein grain sought by global buyers, traders said. FOB Gulf HRW premiums were steady to firm. Iraq bought abou
India, the world's biggest buyer of vegetable oils, is considering raising import taxes on crude and refined edible oils to protect local farmers, two government officials told Reuters. Local oilseed crushers are struggling to compete with cheaper edible
Spot basis bids for hard red winter (HRW) wheat held steady across the southern US Plains on Thursday in quiet trade as farmers continued to store their grain awaiting higher prices, traders said. Chicago Board of Trade futures prices firmed on Thursday f
Rice prices were relatively stable in Thailand this week as the country aims to attract more foreign buyers to boost exports, while prices in India slipped amid increasing supplies from the new season's crop. Thailand's benchmark 5-percent broken rice was
Severe smog in Punjab caused price flare-up on the cotton market on Saturday in the process of trading activity, dealers said. The official spot rate went up by Rs 100 to Rs 6400, they said. As a result, prices followed the same track in the ready session
Spot basis bids for soyabeans were steady to lower in the US Midwest interior on Thursday, pressured by a record-large harvest, dealers said. Corn bids were mixed, with the basis softening by 1 cent to 2 cents at river locations and at Blair, Nebraska, bu
US natural gas futures on Thursday climbed higher on forecasts for more heating demand next week than previously expected. Traders said prices rose despite a weekly storage report showing inventories increased a bit more than expected, which would normall
Jordan's state grain buyer has issued another international tender to purchase 100,000 tonnes of animal feed barley to be sourced from optional origins, European traders said on Thursday. Tender deadline is November 8, traders said. Jordan has struggled t
Chicago Board of Trade soyabean futures rose for a second straight day on Thursday and hit a two-week high, supported by strong demand for the oilseed and worries that US harvest yields are smaller than previously thought, traders said. CBOT January soyab
Palm oil on the European vegetable oils market edged up on Thursday on the back of a stronger ringgit and because of positioning ahead an industry conference in Bali and also ahead of next week's MPOB supply/demand report. Asking prices for palm oil were
Gasoline refining margins in northwest Europe extended their gains on Thursday on the back of a outage on a gasoline unit at a Welsh refinery. Valero Energy was buying gasoline cargoes for spot delivery in the US East Coast after an outage on the 90,000 b
Chicago Board of Trade corn futures ended higher on Thursday on bargain-buying and rising export demand following the market's recent declines, traders said. CBOT December corn settled up 2-1/4 cents at $3.50-1/2. Signs of larger US corn yields hung over
Russian oil output edged up to 10.93 million barrels per day (bpd) in October from a yearly low of 10.91 million bpd in September and August, energy ministry data showed on Thursday, following the completion of maintenance at Pacific fields. In tonnes, oi
Rains are expected to continue for the next few days in Vietnam, affecting the harvest in the world's top producer of robusta coffee, while Indonesia remained quiet, traders said on Thursday. A storm heading to the central and southern Vietnam is likely t
European wheat prices rose on Thursday, tracking a rebound in Chicago futures following the recent steady decline, although a firmer euro helped to limit gains. December milling wheat on Paris-based Euronext, was 1.9 percent higher by 1718 GMT at 162.50 e
The United States has withdrawn as an implementing country from the Extractive Industries Transparency Initiative (EITI), an international effort to fight corruption in managing revenues from oil, gas and mineral extraction. There had been doubts about co
Almost every country in the world now has serious nutrition problems, either due to over-eating leading to obesity or a lack of food leading to undernutrition, according to a major study published on Saturday. Researchers behind the Global Nutrition Repor
Saudi Arabia's push for reforms could face a backlash from within and there is no guarantee the drive by Crown Prince Mohammed bin Salman will succeed, one of the biggest oil investors in the Middle East, France's Total , said on Thursday. "You don't chan
Alibaba launched an electronic trading hub in Malaysia Friday aimed at helping small- and medium-sized businesses, a first for the Chinese internet giant outside its home country. The hub, part of a "digital free trade zone" near Kuala Lumpur Internationa
Growth in Britain's private sector held steady in the three months to October after weakening recently, and the inflation hit to consumers and Brexit concerns for companies mean growth will probably stay modest, an industry survey showed.
Russia, Saudi Arabia, Uzbekistan and Kazakhstan are ready to do more work to reduce global oil inventories, the Russian energy ministry said in a statement on Saturday after a meeting of officials from the four countries. Russia and Saudi Arabia are leadi
Bad weather hurt Warren Buffett's Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in profit.
Competition laws will allow Amazon to undercut local businesses with loss-making prices when it opens for business in Australia, expected to be later in November, the Australian competition regulator said on Saturday. Australian Competition and Consumer C
Kuwait's Petrochemical Industries Co (PIC) has signed a contract with US firm Jacobs Engineering to carry out engineering and design work for a planned polypropylene plant it co-owns in Canada, Kuwait's state news agency reported on Saturday. Kuwait and i
Kuwait's Petrochemical Industries Co (PIC) has signed a contract with US firm Jacobs Engineering to carry out engineering and design work for a planned polypropylene plant it co-owns in Canada, Kuwait's state news agency reported on Saturday. Kuwait and i
With the announcement of Jerome Powell as the new Federal Reserve Chair, banks are likely to see a battle between a boost from deregulation supported by the new Fed leader and the challenge of a flattening yield curve as monetary policy is likely to remai
Mexican President Enrique Pena Nieto said Friday state oil company Pemex has made a "major" oil and gas discovery with an estimated 1.5 billion barrels of crude equivalent, its largest onshore find in 15 years. The new field, dubbed Ixachi-1, is located i
China Telecom Corp may invest up to 20 billion reais($6 billion) to acquire a majority stake in Brazilian carrier Oi SA, a source with knowledge of the matter told Reuters on Friday. A potential deal would only happen after the debt-laden company, which f
Global consultancy McKinsey worked with a firm in South Africa for four months after learning it was controlled by the Gupta brothers, business friends of President Jacob Zuma accused of corruption, four sources familiar with the deal said. Their comments
Australian retailers suffered another tepid month of sales as consumers, battling stagnant wages and rising utility bills, curbed spending in an outcome that augers poorly for third-quarter economic growth. Thursday's data from the Australian Bureau of St
Chinese authorities have intensified efforts to curb illegal financing for mortgage down payments and asked banks to step up checks on home buyers' income authenticity, the official Xinhua news agency said, amid a drive to rein in financial risks. China's
Malaysia's September exports rose 14.8 percent from a year earlier, slowing in pace for the second month in a row, despite strong demand for manufactured goods in China and Europe. Export growth was below the 18 percent rise forecast by a Reuters poll, an
China has unveiled a massive ship described as a "magic island maker" that is Asia's largest dredging vessel, state media reported Saturday. The ship, capable of building artificial islands of the sort the country has constructed in the contested South Ch
Societe Generale missed third-quarter income forecasts on Friday and raised reserves for litigation costs by 300 million euros ($350 million), knocking the French bank's shares. Investors are concerned that pending legal disputes, for which SocGen has set
Societe Generale missed third-quarter income forecasts on Friday and raised reserves for litigation costs by 300 million euros ($350 million), knocking the French bank's shares. Investors are concerned that pending legal disputes, for which SocGen has set
Airbus' long-serving sales chief John Leahy plans to stay on until a successor is found, with a decision expected within the next week or so, he told Reuters on Friday. Reuters reported on Thursday that Airbus had embarked on a fresh search for a sales ch
Major US tech firms reversed course Friday and endorsed a proposal in Congress which could hold website owners liable for human trafficking. The Internet Association, which includes giants Facebook, Google, Microsoft and Amazon, said in a statement it sup
Shares of Qualcomm jumped nearly 13 percent Friday after unconfirmed media reports said rival computer chip giant Broadcom may make an unsolicited takeover bid. Broadcom is considering an acquisition plan, which it could put into motion as soon as this we
Standard & Poor's on Friday reduced Venezuela's long-term foreign currency rating to "CC" from "CCC-" anticipating probable default after President Nicolas Maduro announced restructuring of the nation's debt. The decision followed a similar one from fello
Standard & Poor's on Friday reduced Venezuela's long-term foreign currency rating to "CC" from "CCC-" anticipating probable default after President Nicolas Maduro announced restructuring of the nation's debt. The decision followed a similar one from fello
The International Monetary Fund issued a warning to Venezuela on Friday for failing to provide the institution with economic data on time and gave it six months to address the lack of some statistics. The decision was not unanimous with Russia objecting t
Middle East fund managers have become more cautious about investing in regional bonds while ambitious economic development plans in Saudi Arabia have increased interest in equities there, a monthly Reuters poll shows. Twenty-three percent of regional fund
Middle East fund managers have become more cautious about investing in regional bonds while ambitious economic development plans in Saudi Arabia have increased interest in equities there, a monthly Reuters poll shows. Twenty-three percent of regional fund
Venezuela's cash-strapped government invited creditors to a November 13 meeting in Caracas on Friday, after announcing plans to potentially restructure some $60 billion in bonds that sent the Opec nation's debt prices plunging. President Nicolas Maduro on
Venezuela's cash-strapped government invited creditors to a November 13 meeting in Caracas on Friday, after announcing plans to potentially restructure some $60 billion in bonds that sent the Opec nation's debt prices plunging. President Nicolas Maduro on
Canada's main stock index squeezed out a marginal gain on Friday and notched its eighth-straight week of gains for the first time in nearly 12 years, as an energy rally offset losses in the materials group. Oil and gas companies climbed 1.3 percent, as US
With US stock markets climbing to new highs in October, global investors raised US equity holdings to seven-month highs, a Reuters poll showed on Tuesday, encouraged by strong corporate earnings and the revival of US tax-cut plans. The monthly asset alloc
The initial public offering (IPO) of En+, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, has received at least as many orders from investors as the number of shares on sale, three market sources told Reuters on Wednesday. Russi
The initial public offering (IPO) of En+, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, has received at least as many orders from investors as the number of shares on sale, three market sources told Reuters on Wednesday. Russi
The total assets managed by the world's 500 biggest fund houses hit an all-time high of $81.2 trillion in 2016, research showed on Monday, a 5.8-percent increase on the previous year. Although a comfortable majority of funds are still actively managed, th
The total assets managed by the world's 500 biggest fund houses hit an all-time high of $81.2 trillion in 2016, research showed on Monday, a 5.8-percent increase on the previous year. Although a comfortable majority of funds are still actively managed, th
Broadcasting masts firm Arqiva and ready meals supplier Bakkavor abandoned plans for two of London's biggest floats this year in a blow to Britain's market for initial public offerings (IPOs). The announcement of their float plans had driven hopes of a re
Broadcasting masts firm Arqiva and ready meals supplier Bakkavor abandoned plans for two of London's biggest floats this year in a blow to Britain's market for initial public offerings (IPOs). The announcement of their float plans had driven hopes of a re
US Treasury yields were little changed on Friday after the government's jobs report for October showed that wages did not pick up in the month, raising some concerns about continuing low inflation, though recent hurricanes were seen as distorting the data
US Treasury yields were little changed on Friday after the government's jobs report for October showed that wages did not pick up in the month, raising some concerns about continuing low inflation, though recent hurricanes were seen as distorting the data
A surge in shares of heavyweight Apple helped push up major Wall Street indexes on Friday, as investors also assessed a mixed US labour market report. The S&P 500 and Dow industrials recorded their eighth consecutive weeks of gains, while the Nasdaq poste
Kenya's local currency is expected to remain stable following the conclusion of its presidential election rerun, while Ghana's cedi is set to trade sideways on the back of waning dollar inflows. NIGERIA: The naira is expected to remain stable across its m
Nigeria's government expects the naira currency to strengthen and does not see a significant risk of devaluation in the medium term, Finance Minister Kemi Adeosun said on Thursday. The naira has been stable across its multiple exchange rates, while the ce
Egypt will have to see serious inflows of foreign direct investment, a tighter trade balance, and returning tourists for its pound to gather strength, but a slow and sustainable appreciation is necessary, economists say. The Egyptian pound is still tradin
The Canadian dollar strengthened to a nine-day high against its US counterpart on Friday after stronger-than-expected domestic jobs data supported the case for further interest rate increases from the Bank of Canada next year. Canada's economy added 35,30
The dollar rose broadly on Friday after the release of US factory orders and services sector data that beat estimates, reversing an earlier slide after an underwhelming October jobs report. The euro turned negative against the dollar, falling to its lowes
he Norwegian crown has weakened more than expected over the last week, the central bank governor told Reuters on Friday. "Since the rate meeting last week, the crown level has been weaker than we anticipated," Governor Oeystein Olsen told Reuters on the s
Speculators trimmed their bearish bets on the US dollar in the latest week to the smallest position in 15 weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short pos
Latin American currencies weakened on Friday after upbeat data on US services and manufacturing overshadowed tepid wage growth. US services activity rose at the fastest pace since August 2005 in October, according to the ISM report on the nation's non-man
Further weakness in the Mexican peso is no longer a sure bet after a two-month selloff drove the currency to three-month lows, the latest Reuters poll of market strategists showed, although other Latin American currencies are expected to fall. Uncertainty
Investors remained long on most Asian currencies with bets on the Korean won turning bullish for the first time since late August, a Reuters poll showed, as the dollar struggled over speculation the new Federal Reserve chair could take a less hawkish mone
Two Afghan skiers have been selected for the 2018 Games marking the first time the war-torn country will raise its flag at a Winter olympics. Sayed Alishah Farhang and Sajjad Husaini, who are training at Swiss resort St Moritz, will compete in the giant s
Serbian qualifier Filip Krajinovic stunned John Isner on Saturday with a thrilling 6-4, 6-7 (2/7), 7-6 (7/5) victory to reach the Paris Masters final and end the American's World Tour Finals bid. The world number 77 will take on Jack Sock in Sunday's fina
France's main anti-doping laboratory, already under a provisional ban, has been suspended from carrying out anti-doping activities for up to six months because of analytical issues, the World Anti-Doping Agency (WADA) said on Friday. The new suspension, w
India's football federation (AIFF) has been reminded by FIFA that it cannot be influenced by legal or political inference from inside the country, the global soccer body said. The warning came after a Delhi High Court ruling on Tuesday annulled the AIFF's
The spectacular water sports and adventure tourism gala concluded at the scenic tourist resort Khanpur Lake Saturday amid great fun and enthusiasm with hundreds and thousands of spectators turned up. Organized by the Tourism Corporation Khyber Pakhtunkhwa
Terra Energy will take on Newage in the Seasons Canola Polo Cup 2017 final to be played here at the Lahore Polo Club (LPC) on Sunday (today) at 3:00 pm. The two finalists Terra Energy and Newage are ready to give out their best to win the final. Terra Ene
Team Pakistan had to face a setback, as pacer Usman Shinwari has been ruled out from playing international cricket for a few months after suffering an injury. Sources said the team management has been informed by the medical board of the PCB that Shinwari
French striker Moussa Dembele scored one and created another two as Celtic thrashed St Johnstone 4-0 to break their own 100-year British record of unbeaten domestic matches. The Scottish champions extended their domestic unbeaten record to 63 to eclipse t
Leicester City extended their unbeaten run on Saturday with a draw at Stoke while struggling West Brom's winless run stretched to nine league matches against 10-man Huddersfield, cranking up the pressure on manager Tony Pulis. With five of the top six sid
Mark Stoneman and James Vince were in the runs but skipper Joe Root was dismissed cheaply as England made a solid start to their Ashes tour in Perth on Saturday. Stoneman hit 85 off 113 balls while Vince compiled 82 off 129 balls as the tourists reached 3