US Defence Secretary Jim Mattis on Monday met Pakistan's civilian and military leaders and urged them "redouble" their efforts to rein in militants accused of using the country as a base to carry out attacks in neighbouring Afghanistan. Mattis, on a one-d
US Defence Secretary Jim Mattis on Monday met Pakistan's civilian and military leaders and urged them "redouble" their efforts to rein in militants accused of using the country as a base to carry out attacks in neighbouring Afghanistan. Mattis, on a one-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
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
Chicago Board of Trade soyabean futures rose on Friday on technical buying and broad strength in commodities as the US dollar eased, traders said. The 19-market Thomson Reuters CoreCommodity Index was up 0.8 percent, snapping a four-session slide.
The continuing harvest kept coffee bean supply steady in Vietnam, the world's second biggest producer, while trading in Indonesia remained subdued on low stockpiles, traders said on Thursday. Vietnamese farmers have been ramping up their harvest of coffee
Chicago Board of Trade wheat futures closed higher on Friday amid technical buying including short-covering, and fears that a weekend storm would damage Australia's wheat harvest, traders said. CBOT March soft red winter wheat settled up 5-1/2 cents at $4
The US CIF market was mixed on Friday, with bids for soyabean barges firming, supported by a big sale to China on Thursday, while corn bids eased slightly. Corn bids had risen sharply earlier this week.
US natural gas futures rose the most this week in almost a year on forecasts that heating demand will shoot up over the next two weeks as the weather turns bitterly cold across much of the country for the first time this winter. Front-month gas futures ro
Euronext wheat futures ended slightly lower on Friday as a firm euro kept the focus on a tough export outlook and offset support from higher Chicago futures. March milling wheat on the Paris-based Euronext exchange settled down 0.50 euro at 162.00 euros a
Rates stabilised on the cotton market on Monday amid issuance of the Pakistan Cotton Ginners Association (PCGA) fortnightly data, dealers said. The official spot rate was unchanged at Rs 6,600, they said. In Sindh, seed cotton prices were down by Rs 50 to
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,103. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.251 billion and the number of lots traded was 11,696.
The Taiwan Flour Millers' Association has purchased 81,780 tonnes of milling wheat to be sourced from the United States in an international tender which closed on Friday, European traders said. The wheat is for shipment from the US Pacific North West coas
Chicago Board of Trade corn futures rose on Friday on technical buying and fund-driven short-covering along with broad-based strength in commodities that lifted the bellwether March contract to three-week high, traders said. CBOT March corn settled up 3 c
The Karachi Port handled 221,804 tonnes of cargo comprising 151,938 tonnes of import cargo and 69,866 tonnes of export cargo including 4,360 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 151
Basis bids for wheat delivered on the cash market were steady to firm on Friday, dealers said. Farmer sales remained slow, with cash prices too low to entice growers to pull wheat from storage bins, a dealer in Oklahoma said.
Turkish President Recep Tayyip Erdogan on Monday insisted he was not instructing capital flows to be limited a day after he said moving assets abroad was an act of treason. "There is no request from me or instruction to limit capital movements," Erdogan s
A rapidly growing gap between rich and poor in many developing East Asian nations is threatening the foundation for the region's economic success, the World Bank said Monday. "The whole basis for East Asia's success was this sense that everything was fair
Visiting Canadian Prime Minister Justin Trudeau and Chinese Premier Li Keqiang signed three trade agreements on Monday as Ottawa tries to diversify commercial ties amid tough NAFTA negotiations with Washington. At a ceremony in Beijing's Great Hall of the
A consortium led by France-US petroleum services group TechnipFMC has secured a $4.2 billion (3.5 billion euro) contract to extend capacity at Bahrain's Sitra refinery, the company said Monday. The contract, awarded by Bahrain Petroleum Company (Bapco), w
Toys"R"Us is to shut a quarter of its British stores, with a loss of up to 800 staff, the troubled US retailer's UK arm announced on Monday. The US company, which recently filed for bankruptcy in its home market as it struggles to compete with the likes o
India's anti-trust regulator has fined Monsanto Co 15 million rupees ($233,000) for being too slow in replying to questions in a competition probe into the US seeds company. The Competition Commission of India (CCI) last year ordered an investigation into
Turkey's inflation in November hit its highest annual rate in 14 years at nearly 13 percent, according to official data released Monday. Consumer prices rose 12.98 percent last month from the same period in 2016, the state statistics agency said, the high
Sales of new cars in Germany jumped in November, figures released by the country's automobile industry federation showed Monday, as many drivers cashed in on discounts for upgrading old diesel vehicles. Some 302,700 new vehicles were registered on the roa
Rio Tinto on Monday appointed former Anglo American group executive director Simon Thompson to lead the company, replacing their departing chairman who will step down next March. Thompson, a veteran with more than 20 years industry experience, joined Rio
US market regulators said Monday they for the first time have shut down a digital currency investment scam, charging a company that took millions from investors, "falsely promising" a speedy, 13-fold profit. The Securities and Exchange Commission's new Cy
US market regulators said Monday they for the first time have shut down a digital currency investment scam, charging a company that took millions from investors, "falsely promising" a speedy, 13-fold profit. The Securities and Exchange Commission's new Cy
New orders for US-made goods fell less than expected in October and shipments of core capital goods were much stronger than previously reported, pointing to sustained strength in manufacturing that should buoy the economy. Factory goods orders dipped 0.1
Qatar's stock market jumped by its biggest margin in nearly five months on Monday because of hopes that Doha's diplomatic dispute with four other Arab countries will be resolved. Most other Gulf markets were firm. The Qatari foreign minister said late on
China's blue-chip shares rallied on Monday, bolstered by strong gains in consumer firms. At the close, the Shanghai Composite index was down 7.25 points or 0.22 percent at 3,310.37.
Tokyo stocks closed lower on Monday after three days of gains, as cautious investors watched developments in the FBI probe into alleged Russian meddling in the US election. The Nikkei 225 index slipped 0.49 percent, or 111.87 points, to 22,707.16. The bro
Wall Street indexes rose on Monday as Republican-led efforts to slash corporate tax rates cleared a major hurdle, with investors picking stocks that have lagged for much of the year including shares of financial and industrial companies. Bank of America r
Indonesian shares rose on Monday, bouncing back from their biggest single-day fall in a year in the previous session, while Philippine stocks extended declines into a fifth session. The Jakarta SE Composite Index closed 0.8 percent higher, driven by robus
Australian shares were steady on Monday, as gains in materials stocks on strong commodity prices were offset by declines in the financial sector. The S&P/ASX 200 index rose 0.01 percent or 0.344 points to 5990.1 by 0104 GMT. The benchmark rose 0.3 percent
Indian shares snapped a four-session losing streak to end higher on Monday, as Infosys Ltd climbed on the appointment of a new CEO and hopes that the software services firm would move past a costly boardroom spat. The broader NSE index closed up 0.06 perc
European stocks recovered strongly from multi-week lows on Monday after the US Senate passed a tax package delivering significant fiscal stimulus, which investors had anticipated would give extra legs to the bull run in equity markets. Gains in the US dol
Hong Kong shares rose slightly on Monday, led by index heavyweight Tencent. At close of trade, the Hang Seng index was up 64.04 points or 0.22 percent at 29,138.28. The Hang Seng China Enterprises index rose 0.6 percent to 11,518.07.
Sri Lankan shares fell slightly on Monday, hovering near a more than two-month closing low hit early last week, with telecom stocks leading the decline. The Colombo Stock Index ended down 0.09 percent at 6,405.91, hovering near its lowest close since Sept
The UK's top share index rose from a two-month low on Monday but lagged behind European peers in a broader rally sparked by progress in US tax reforms, as Britain and the EU failed to strike a deal on an initial Brexit divorce package. The blue chip FTSE
China's yuan inched up slightly against the US dollar in thin trade on Monday, as the market shrugged off a rise in the greenback overseas. The dollar was higher against its major trading partners on Monday morning, supported by approval of a tax overhaul
The dollar was broadly higher on Monday, reaching a 2-1/2-week peak against the yen, lifted after the US Senate approved a tax overhaul at the weekend. The Senate's approval on Saturday moves Republicans and President Donald Trump a big step closer to the
The dollar rose against most currencies on Monday, hitting a three-week high versus the yen after the US Senate approved a major tax overhaul over the weekend that aims to cut taxes for businesses, while proposing a mixed package of changes for individual
The dollar broke a three-day losing streak bed on Monday after the US Senate approved a major tax overhaul at the weekend, though gains were limited as investors trimmed expectations of future US rate hikes. While US officials have said the biggest change