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
Chinese imports of soyabeans jumped to the third-highest volume on record in December, according to customs data, boosted by strong demand in the run-up to next month's Lunar New Year holiday and healthy crushing margins. December imports by the world's t
Dusty Saharan winds hampered cocoa crop development in Ivory Coast last week, though some light rain provided respite for the main crop, farmers said on Monday. The 2017/18 season in the world's top cocoa producer opened on October 1 and the West African
EU rapeseed oil asking prices were lower on Monday, weakened by a firm euro and a decline in EU rapeseed futures in quiet conditions with US markets shut for a public holiday. Sellers cut EU rapeseed oil prices by up to 4 euros a tonne, though no trades w
European wheat prices fell to new contract lows on Monday, still recovering from a bearish US government report on Friday and pressured by a surge of the euro against the dollar, traders said. March milling wheat on Paris-based Euronext unofficially close
Russian wheat export prices rose at the start of the year, bolstered by a strengthening rouble and global commodity price increases, though activity was thin due to the Christmas holidays in Russia, analysts said on Monday. Black Sea prices for Russian wh
Rain over the weekend in drought-hit areas of Argentina's farm belt helped growers plant soya in fields that had been at risk of staying barren this season, Natalia Gattinoni, weather expert with the INTA national climate institute, said on Monday. Farmer
Chinese iron ore futures fell 2 percent on Monday as stockpiles of the steelmaking commodity at China's ports surged to the highest since at least 2004, with weaker steel prices also adding pressure. Steel producers say supply in China remains excessive d
The company that operates Latin America's largest port in the Brazilian city of Santos said on Friday it will suspend shipments of live animals. The company detailed its decision in a letter seen by Reuters that was sent by state-run Companhia Docas do Es
The Karachi Port handled 227,864 tonnes of cargo comprising 179,638 tonnes of import cargo and 48,226 tonnes of export cargo including 10,281 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 1
Main participants refrained from normal business ahead of Pakistan Cotton Ginners' Association (PCGA) report and partly because of lack of fresh leads, dealers said on the cotton market on Tuesday. The official spot rate was unchanged at Rs 7,600, they ad
Gasoline refining margins in northwest Europe edged higher on Monday but further gains were dampened by the cancellation of a major Nigerian tender and limited activity in the United States due to a national holiday. Nigerian state oil company NNPC cancel
Bank of Japan Governor Haruhiko Kuroda offered a positive view on the economy and inflation on Monday, sending the yen to a fourth-month high against the dollar on simmering speculation the central bank could withdraw stimulus earlier than expected. Finan
Rating agency Moody's forecast Lebanon's economy will grow 2.8 percent in 2018, slightly faster than last year thanks to the resumption of long-delayed public investment projects. The forecast revises down Moody's previous forecast, published in September
Battery maker Energizer Holdings Inc said on Tuesday it would buy the battery and portable lighting business of Spectrum Brands in a $2 billion cash deal, adding brands such as Rayovac and Varta to its lineup. The deal comes two weeks after Spectrum said
BP said on Tuesday it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, lifting total costs to around $65 billion. The post-tax, non-operating $1.7-billion charge BP will take in its fourth
New Zealand business sentiment turned negative and sunk to a two-year low in the fourth quarter due to pessimism towards the new centre-left government, a private think tank said on Tuesday. A net 12 percent of firms surveyed expected general business con
Russia's economy unexpectedly contracted in November, hit by a drop in industrial production, the economy ministry said on Monday. Gross domestic product shrank 0.3 percent year on year in November, the economy ministry said, contrasting with analysts' co
French economic growth will probably exceed the government's forecast for this year, Finance Minister Bruno Le Maire said on Monday, and he set up a new innovation fund to boost future growth. The French economy has been gaining momentum since President E
UnitedHealth Group Inc on Tuesday raised its outlook for 2018 earnings per share by more than 16 percent due to the US corporate tax cut and said it will speed up technology investments that aim to cut customer costs. UnitedHealth is the largest US health
UnitedHealth Group Inc on Tuesday raised its outlook for 2018 earnings per share by more than 16 percent due to the US corporate tax cut and said it will speed up technology investments that aim to cut customer costs. UnitedHealth is the largest US health
China's yuan, which has climbed against the US dollar the past four days, advanced again early on Tuesday, supported by a much stronger official fixing and heavy corporate sales of the weakening dollar. The Chinese currency has risen about 1.2 percent aga
The euro held steady on Tuesday, taking a breather after having rallied on the back of optimism about the euro zone's economic outlook and expectations for the European Central Bank to wind down its massive monetary stimulus. Comments by the Estonian cent
The euro retreated from a three-year high on Tuesday as investors sold the currency on doubts that the European Central Bank would back away from its pledge to keep buying bonds at next week's meeting. Digital currencies tumbled, with bitcoin losing as mu
The euro fell from a three-year high on Tuesday as investors sold the currency on doubts that the European Central Bank would ditch its pledge to keep buying bonds at next week's meeting. Sources close to the ECB told Reuters that the central bank was unl
The Sri Lankan rupee closed slightly weaker on Tuesday as dollar demand from importers and banks surpassed greenback inflows due to inward remittances and conversions by exporters, dealers said. The spot rupee ended at 153.97/154.05, compared with Friday'
Asian currencies declined on Tuesday as investors turned a little cautious of adding fresh positions after the steep gains in regional currencies this year. The dollar rose 0.3 percent to 110.85 yen, edging away from a four-month low of 110.32 yen set on
Sterling snapped a three-day rising streak and fell on Tuesday after data showed softening UK inflation in December, although following a recent rally the pound remains close to its highest levels since the vote to leave the European Union in 2016. "Headl
The Australian and New Zealand dollars faded from four-month highs on Tuesday as speculators took profits on short US dollar positions after several sessions of heavy selling. The Aussie edged back just a touch to $0.7955, having jumped 0.7 percent on Mon
Qatar's stock market rebounded on Tuesday, erasing a sharp fall suffered on the previous day, while other major Gulf bourses were firm on the back of strong oil prices after Brent crude rose above $70 a barrel for the first time since December 2014. The Q
Indian shares snapped a three-day gaining streak on Tuesday, weighed down by energy stocks such as Reliance Industries Ltd, after data showed the country's trade deficit widened in December. Financials, led by state-run banks, also fell sharply after a sp
China stocks rallied on Tuesday, with the blue-chip index closing at a 30-month high, led by a surge in real estate firms, even as a poll backed expectations that growth in the Asian economic powerhouse will slow in 2018. China's economy is expected to co
The Dow Jones Industrial Average raced past the 26,000 mark for the first time on Tuesday as fourth-quarter earnings season got off to a strong start following upbeat results from UnitedHealth and Citigroup. The blue-chip index, however, eased from its pe
Sri Lankan shares fell for a fifth straight session on Tuesday and closed at their lowest in two weeks, as local retail investors booked profits in blue chips ahead of a long-delayed local election next month. The Colombo Stock Index ended 0.4 percent wea
Indonesian shares notched up an all-time closing high on Tuesday and the Philippine index came off record levels while most other Southeast Asian stock markets ended the day on a positive note after a wary start, tracking gains across broader Asia. The In
Australian shares fell on Tuesday as financials stocks weighed on the benchmark while material stocks slipped due to weak iron ore and coking coal prices. The S&P/ASX 200 index fell 0.5 percent, or 28.5 points to 6,048.6 at the close of trade. The benchma
Tokyo's main stock index closed up at a more than 26-year high on Tuesday as the yen rowed back from its latest rally against the dollar. The Nikkei 225 index rose 1.00 percent or 236.93 points to 23,951.81 - its highest level since November 1991 - while
European shares ended little changed on Tuesday as losses among commodity stocks more than offset initial gains due to a series of well-received trading updates. The pan-European STOXX 600 index ended flat, while euro zone stocks added 0.3 percent as the
Eurozone borrowing costs fell on Tuesday after a report that the European Central Bank is unlikely to ditch a pledge to keep buying bonds at next week's meeting eased concern about an early end to the bank's stimulus scheme. ECB rate setters need more tim
Eurozone borrowing costs fell on Tuesday after a report that the European Central Bank is unlikely to ditch a pledge to keep buying bonds at next week's meeting eased concern about an early end to the bank's stimulus scheme. ECB rate setters need more tim
Hong Kong's benchmark Hang Seng Index rose to a record closing high on Tuesday, led by index heavyweight Tencent Holdings and Hong Kong Exchanges and Clearing (HKEx). Tencent jumped over 2 percent while HKEx surged nearly 6 percent
Oil and mining companies dragged Britain's FTSE 100 index to a negative close on Tuesday, tracking energy and metals prices lower, after gaining earlier in the session on a fall in sterling. The blue chip FTSE 100 index ended down 0.28 percent at 7,747.18
The European Central Bank has "flaws" in its procedures for identifying and dealing with banks in crisis, European Union auditors said on Tuesday. The European Court of Auditors, a European Union agency, cast doubt on the ECB's supervision of the big bank
Nestle said Tuesday it has agreed to sell its US candy business to Italy's Ferrero for CHF 2.7 billion ($2.8 billion/2.3 billion euros) in cash as the Swiss food giant shakes up its product portfolio. Ferrero, known for its Tic Tac, Nutella and Ferrero Ro
US lawmakers are urging AT&T Inc, the No. 2 wireless carrier, to cut all commercial ties to Chinese phone maker Huawei Technologies Co Ltd and oppose plans by telecom operator China Mobile Ltd to enter the US market because of national security concerns,
British inflation eased off its post-Brexit vote high in December, official data showed on Tuesday, suggesting the financial squeeze on many households could be about to get a little bit easier. Consumer price inflation fell for the first time since June,
General Motors announced Tuesday it will take a $7 billion hit due to the US tax reform but expects earnings this year to be comparable to the solid results in 2017. GM said the charge is due to the accounting of tax-deferred assets and would be taken in
British energy giant BP said Tuesday it will take an additional charge of $1.7 billion (1.4 billion euros) in the fourth quarter of 2017 linked to the Gulf of Mexico oil spill disaster in 2010. And BP said in a statement it also expects to be hit by an ad
Germany's current account surplus was the world's largest in 2017, the Munich-based Ifo economic institute said on Tuesday, unveiling a record high reading likely to renew criticism of the economic and fiscal policies in Europe's largest economy. The Inte
China's economy exceeded Beijing's annual growth target in 2017, analysts said in an AFP survey, overcoming the government's battles against massive debt and pollution-spewing factories. The world's second largest economy expanded 6.8 percent in 2017, muc
Flawless Roger Federer and Novak Djokovic stamped their mark on the Australian Open on Tuesday with focused former champion Maria Sharapova also successfully negotiating the fiirst round after her drug ban Defending champion Federer, rated as favourite to
Olympic gymnastics superstar Simone Biles revealed on Monday she was sexually abused by former USA team doctor Larry Nassar, who was last month jailed for 60 years on child porn charges. In a statement posted on Twitter, Biles said she had wrestled with h
Underprepared Milos Raonic was dumped out of the Australian Open by Lukas Lacko on Tuesday in his earliest exit at Grand Slam for seven years. The 86th-ranked Slovakian defeated the 22nd seeded Canadian 6-7 (5/7), 7-5, 6-4, 7-6 (7/4) in 3hr 22min on Show
The Pepsi PCB U-16 Pentangular T20 Tournament 2018 will be played from January 25 to January 31, 2018 in Lahore. Five teams ie, Punjab, Sindh, Federal Capital, KPK and Balochistan will feature in the tournament. The players have been selected by National
President FATA Football Association Shahid Khan Shinwari Tuesday said that they have fixed January 31 as the last date for registration of new and old clubs and transfer of players from one club to other. He said that all the office-bearers of the new and
To revive and promote Hockey- Pakistan's national game, PTCL is proud to announce its sponsorship of 'Hockey Hall of Fame World XI Pakistan Tour'. The tournament is called PTCL Hockey Cup 2018. During this tournament, two exhibition hockey matches will be
New fast bowling discovery Lungi Ngidi plunged India into deep trouble as they struggled in pursuit of a victory target of 287 on the fourth day of the second Test against South Africa at SuperSport Park on Tuesday. India were 35 for three at the close, h
Punjab Chief Minister Muhammad Shahbaz Sharif, while inaugurating the Punjab International Swimming Complex at Qadhafi Stadium, has expressed the hope that this complex will play an important role in promoting the sport of swimming. He said that special a
Big-hitting Colin de Grandhomme blasted New Zealand to a five-wicket win over Pakistan in the fourth one-day international in Hamilton on Tuesday. De Grandhomme bludgeoned the Pakistan attack with an unbeaten 74 off 40 balls to reinvigorate New Zealand's
European Union leaders love-bombed Britain on Tuesday, holding the door open for it to change its mind about ending its four-decade membership of the bloc next year. The comments by EU President Donald Tusk, European Commission Jean-Claude Juncker and oth
Anti-riot police fired tear gas and beat protesters with batons Tuesday as hundreds of Sudanese demonstrated against soaring bread prices near a presidential palace in Khartoum, an AFP correspondent said. Bread prices have more than doubled after a jump i