Pakistan has recalled its high commissioner from India for consultations amid constant incidents of harassment of its diplomats and their family members by Indian state agencies in New Delhi. "We have called our high commissioner [in Indian] to Pakistan f
Britain and its allies on Thursday blamed Moscow directly for a nerve agent attack on a double agent in England, escalating diplomatic tensions as Washington separately announced sanctions against Russia for allegedly meddling in its elections.
Britain and its allies on Thursday blamed Moscow directly for a nerve agent attack on a double agent in England, escalating diplomatic tensions as Washington separately announced sanctions against Russia for allegedly meddling in its elections.
The law firm at the heart of the "Panama Papers" global tax evasion scandal that brought down two world leaders announced Wednesday it would shut down operations, citing negative press and what it called unwarranted action by authorities. "Reputational de
The law firm at the heart of the "Panama Papers" global tax evasion scandal that brought down two world leaders announced Wednesday it would shut down operations, citing negative press and what it called unwarranted action by authorities. "Reputational de
A newly installed pedestrian bridge spanning several lanes of traffic collapsed at Florida International University on Thursday, killing several people and crushing vehicles caught in the rain of rubble in Miami-Dade County, officials said. "Several peopl
A newly installed pedestrian bridge spanning several lanes of traffic collapsed at Florida International University on Thursday, killing several people and crushing vehicles caught in the rain of rubble in Miami-Dade County, officials said. "Several peopl
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
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,245. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.147 billion and the number of lots traded was 10,245.
ICE Canadian canola futures climbed on Tuesday, lifted by a surge in soyaoil prices and weakness in the Canadian dollar. Canola and soyabeans are underpinned by scorching weather in Argentina, where soya yields have been hit by a four-month drought. Most-
Asia's naphtha crack hit a two-week low of $75.20 a tonne but gasoline crack rose after eight straight sessions of losses to reach a two-session high of $7.61 a barrel. A fire at Taiwan's CPC 350,000 barrels per day (bpd) Taoyuan refinery over the weekend
India's soyabean imports have hit a record high this year and more buying is expected as domestic supplies tighten following lower production last year, two trade sources said on Tuesday. Traders have signed deals to sell up to 100,000 tonnes of soyabeans
The Karachi Port handled 118,312 tonnes of cargo comprising 88,374 tonnes of import cargo and 29,938 tonnes of export cargo including 3,164 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 88
Steady trend prevailed on the cotton market on Thursday as needy spinners still trying to lay hands over the quality cotton to replenish their stocks, dealers said. Official spot rate was unchanged at Rs 7600, they added. In Sindh and Punjab seed cotton p
Chicago Board of Trade corn futures held onto small gains on Tuesday but finished below seven-month highs hit earlier amid chart-based buying and strong global demand for US supplies, traders said. Most-active CBOT May corn hit a session peak of $3.95-1/4
After remaining quiet for the past three days or so, the domestic cotton market has become steady again. Even though the volume of business was on the low side, some business was said to have transpired on Thursday on the ready market.
After remaining quiet for the past three days or so, the domestic cotton market has become steady again. Even though the volume of business was on the low side, some business was said to have transpired on Thursday on the ready market.
The dollar touched a one-week low against the yen on Thursday, as lingering worries about global trade tensions weighed on investors' risk appetite. Market participants remain concerned about increased protectionism under US President Donald Trump's admin
The dollar fell against the yen on Thursday as trade tensions encouraged investors to buy the Japanese currency, while the crown rose to its highest in four months after the Norwegian central bank signalled an earlier rate rise. Market participants are co
The dollar rose to a two-day high against a basket of major currencies on Thursday, as traders braced for next week's Federal Open Market Committee meeting at which the Fed is expected to raise interest rates. The dollar index, which measures the greenbac
The dollar edged higher on Wednesday after three straight days of losses, as investors booked profits on their short currency bets, but the outlook remained murky amid political uncertainty in the Trump administration and renewed worries about trade wars.
China's yuan rose to its highest level in more than two weeks against the dollar on Thursday on a much strengthened official fixing, following broad weakness in the greenback as the US steps up plans for punitive trade measures. The Trump administration i
Most Asian currencies eased off recent highs on Thursday as rising concerns over US economic policy dulled risk appetites, although a few regionals firmed against a weaker dollar. The Trump administration is pressing China to cut its trade surplus with th
The Sri Lankan rupee hit a new low of 156.10 per dollar on Wednesday as importer dollar demand outweighed mild selling of the greenback by exporters, dealers said. The rupee touched an intraday low of 156.10 per dollar, surpassing the all-time low hit on
Sterling edged lower on Thursday as the dollar gained ground ahead of next week's expected rise in US interest rates, while scepticism about the prospect of a smooth Brexit transition deal also weighed on sentiment. The British currency slipped 0.2 percen
The New Zealand dollar skidded on Thursday after mixed economic growth data cemented bets on interest rates staying at record lows for a long time yet, while the Australian dollar hung around 3-week highs. The kiwi eased more than a quarter of a cent afte
A surge by Qatar Navigation (Milaha) lifted the Qatari equity index on Thursday ahead of the stock's entry into FTSE indexes, while profit-taking in Al Rajhi Bank pulled down Riyadh. Qatar's index climbed 1.1 percent as Milaha added 4.0 percent in unusual
Hong Kong stocks rose on Thursday, led by property and IT shares, as investors shrugged off concerns that growing trade tensions will hurt the global economy. The Hang Seng index rose 0.3 percent, to 31,541.10 points, while the China Enterprises Index gai
Tokyo stocks closed modestly higher on Thursday, with bargain-hunting balancing earlier losses on fears of a trade war. The benchmark Nikkei 225 index edged up 0.12 percent, or 26.66 points, to 21,803.95. The broader Topix index was up just 0.02 percent o
The Dow Jones Industrial Average added more than 200 points on Thursday as industrial stocks gained after the White House trade adviser sought to play down chances of a trade war due to protectionist policies.
US stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for US companies. The Trump administration is pressing China to cut its trad
The US Treasury yield curve flattened on Wednesday as the market turned cautious over rising diplomatic tension between Britain and Russia, weak US economic data and concerns over US political and trade issues. Demand for safe-haven investments pushed lon