Finance Ministry said on Monday that the federal government''''s liabilities of power sector''''s circular debt, outstanding refunds and rebate, PSEs'''' debt and circular debt of LNG (around Rs1.5 trillion) will be parked outside the budget for the next
Finance Ministry said on Monday that the federal government''s liabilities of power sector''s circular debt, outstanding refunds and rebate, PSEs'' debt and circular debt of LNG (around Rs1.5 trillion) will be parked outside the budget for the next fiscal
Finance Ministry said on Monday that the federal government's liabilities of power sector's circular debt, outstanding refunds and rebate, PSEs' debt and circular debt of LNG (around Rs1.5 trillion) will be parked outside the budget for the next fiscal ye
Finance Ministry said on Monday that the federal government's liabilities of power sector's circular debt, outstanding refunds and rebate, PSEs' debt and circular debt of LNG (around Rs1.5 trillion) will be parked outside the budget for the next fiscal ye
A man plowed a white rental van into a crowd of pedestrians in the center of Canada's biggest city Toronto on Monday, police said, with several people feared dead. Police said up to 10 people were struck, adding they could not confirm any deaths, but loca
A man plowed a white rental van into a crowd of pedestrians in the center of Canada's biggest city Toronto on Monday, police said, with several people feared dead. Police said up to 10 people were struck, adding they could not confirm any deaths, but loca
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
Asia's gasoline crack recovered 18 cents to a two-session high of $5.60 a barrel on Friday after diving to its lowest since August 2016 in the previous session as high oil prices and oversupply dragged. The persistent weak gasoline fundamentals had caused
Chicago Board of Trade corn futures fell for the fifth time in six sessions on Friday, hitting their lowest since April 4. Traders said forecasts for warmer weather that will allow farmers in key growing areas of the US Midwest to plant in the coming week
Palm oil on the European vegetable oils market was little changed on Friday as firmer Malaysian palm oil futures was offset by weak export data and a strengthening dollar. Asking prices for palm oil were between $2.50 per tonne up and $5 a tonne down from
Brazilian sugar exports are expected to fall by 6.5 million tonnes in the 2018-19 crop compared with the previous season due to a smaller cane crush and falling sugar production in both the center-south and northeast regions, according to a report release
Chicago Board of Trade soyabean futures fell to a two-week low on Friday, with traders focused on the possibility of declining demand from top global importer China. The US Department of Agriculture has not reported any new soyabean sales this week. Soyam
European wheat futures were lower on Friday and on track for a second consecutive weekly loss, weighed by a slide in Chicago futures and improving crop weather in Europe. May milling wheat, the most active contract on the Paris-based Euronext exchange, wa
US natural gas speculators boosted their net long positions for the first time in five weeks betting prices will rise as exports increase and lingering cold weather cuts further into already low inventories. Speculators in four major New York Mercantile E
Chinese iron ore prices fell on Friday after a nearly 7-percent jump in the previous session, ending their strongest week since December on expectations of rising demand for restocking at steel mills. The most-active iron ore futures on the Dalian Commodi
Cotton prices touched the season's high level on the local market on Monday in the process of moderates trading, dealers said. The official spot rate was unchanged at Rs 7500, they added. In both Sindh and Punjab, seed cotton prices were at Rs 2800-3100,
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,440. The traded value of Metals, Energy and COTS/FX was recorded at 7.274 billion and the number of lots traded was 8,379. Major business was contributed by gold amounting
ICE Canadian canola futures closed mixed on Friday, with the nearby May contract firming on short-covering. Some profit-taking as well as expectations for huge plantings this spring pressured July canola futures while new crop November rose on export hope
China's 2018 soyabean output will increase 1.9 percent year-on-year to 15.18 million tonnes, according to a report issued by the early warning expert committee of the Ministry of Agriculture and Rural Affairs on Friday. Higher soyabean output will be driv
Some corn fields in the southern part of Brazil are at risk of losses due to the lack of rains, with the worst in Parana, Brazil's second-largest corn-producing state, grains consultancy AgRural said on Friday. Brazil is currently growing its second corn
The Karachi Port handled 234,771 tonnes of cargo comprising 161,141 tonnes of import cargo and 73,630 tonnes of export cargo including 5,252 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 161
US wheat futures fell on Friday on forecasts for rain in the US Plains that could improve harvest prospects for drought-stressed crops. Profit-taking also featured in the market following three straight days of gains, traders said. Spring wheat futures we
Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology. "The use of bitcoin and other cryptocurrencies in all the country's monetary and financia
Wages in Germany have grown much faster than in other eurozone countries in recent years, a Bundesbank (central bank) study published Monday found, reversing conditions seen before the financial crisis that stoked intra-European resentment. Pay packets in
Business activity across the euro zone was still growing as the second quarter began, but at a more modest rate than around the turn of the year, a survey showed on Monday. The euro zone unexpectedly was one of the best-performing major economies last yea
Qatar Airways will continue to expand even as it prepares to announce "large" annual losses due to a blockade by neighbours, the airline's chief executive said on Monday. Akbar al-Baker said the Gulf carrier remained a "very robust company" despite being
There is no doubt Britain's departure from the European Union means it will also leave its customs union and single market, Foreign Secretary Boris Johnson told reporters on Friday. Last week, a vote in the House of Lords to amend a key piece of Brexit le
Record increases in wages and materials costs are eating into corporate profits despite robust sales, according a survey of business economists released Monday. The survey by the National Association for Business Economics also found companies had not cha
US home sales increased for a second straight month in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market and higher prices remain headwinds as the spring selling season kicks off. The supply squeez
China's yuan inched up against the US dollar on Monday, as a much weakened official yuan midpoint prompted corporate dollar selling to prevent the yuan breaching a key threshold, traders said. Prior to the market opening on Monday, the People's Bank of Ch
The dollar traded near a two-week high against a basket of major currencies on Monday, bolstered by rising US bond yields, while easing concerns over global political risks weighed on the safe haven yen. The dollar's index against a basket of six major pe
The US dollar rallied to a seven-week high on Monday as investors bought the greenback on the rise in the 10-year US Treasury yield toward the psychologically important 3 percent level, leaving the euro and yen lower. The 10-year yield hit its highest in
The US dollar rallied to a seven-week high on Monday after a rise in the 10-year US Treasury yield to within a whisker of the psychologically important 3-percent level prompted buying of the greenback, leaving the euro and yen sharply lower.
The US dollar rallied to a seven-week high on Monday after a rise in the 10-year US Treasury yield to within a whisker of the psychologically important 3-percent level prompted buying of the greenback, leaving the euro and yen sharply lower.
The Sri Lankan rupee slipped to an all-time low on Monday, with dollar demand from importers outpacing limited selling of the US currency by exporters, dealers said. The rupee hit a record low of 156.90 against the dollar during the session, weakening fur
Most emerging Asian currencies slipped on Monday as rising US bond yields buoyed the dollar, a move that particularly hurt sentiment toward countries where foreign investors have large domestic bond holdings. The dollar's index against a basket of six maj
Latin American currencies weakened sharply on Monday as expectations of accelerating US inflation pushed US bond yields higher, reducing the allure of emerging market assets. Yields on 10-year US debt hit their highest in over four years as huge tax cuts
Sterling fell to a one-month low on Monday as the dollar rebounded across the board thanks to firmer US Treasury yields while governor Mark Carney's comments last week raised doubts on the likelihood of an interest rate increase next month. With no breakt
The Australian and New Zealand dollars loitered around multi-week lows on Monday while bonds skidded as the greenback jerked higher amid rising inflation expectations in the United States. The Australian dollar held at $0.7676 after hitting a two-week tro
Saudi Arabia's stock market continued a strong upwards trend on Monday because of inflows of foreign funds and strong corporate earnings, while the rest of the Gulf was lacklustre. Latest exchange data showed foreigners bought a record $384 million of Sau
Tata Consultancy Services Ltd (TCS) on Monday became the first Indian technology company to hit the $100 billion market capitalisation mark, riding on the back of record quarterly profit and a weaker rupee. Energy-to-telecom conglomerate Reliance Industri
Tata Consultancy Services Ltd (TCS) on Monday became the first Indian technology company to hit the $100 billion market capitalisation mark, riding on the back of record quarterly profit and a weaker rupee. Energy-to-telecom conglomerate Reliance Industri
Indian shares ended higher for a third consecutive session on Monday, driven by gains in IT and financial stocks, with software services exporter Tata Consultancy Services (TCS) crossing $100 billion in market capitalisation. The benchmark BSE index close
Tokyo stocks ended lower on Monday with tech firms following losses on Wall Street, while investors digested North Korea's pledge to halt nuclear tests and intercontinental missile launches. The benchmark Nikkei 225 index dropped 0.33 percent, or 74.20 po
Wall Street's three major indexes struggled for direction on Monday as Treasury yields inched up to levels that have spooked investors in recent months. The yield on 10-year US Treasury notes hit a four-year high of 2.998 percent, edging closer to the 3-p
Sri Lankan share index ended marginally weaker on Monday, hitting a one-week closing low, as investors awaited fresh cues as a new cabinet is expected to be sworn in this week, stockbrokers said. The market has been waiting for some political stability af
Vietnam stocks plummeted nearly 4 percent on Monday, extending a market rout after a near 7 percent decline over the last two weeks, while most other stock markets in the region slipped as US bond yields rose to a multi-year peak.
Hong Kong shares ended lower on Monday, led by technology stocks, amid lingering worries over Sino-US trade disputes that has embroiled Chinese telecom equipment maker ZTE. The Hang Seng index ended 0.5 percent lower at 30,254.40, while the China Enterpri
China's major stock indexes ended little changed on Monday, though tech firms were sold amid ZTE woes. The blue-chip CSI300 index ended up 0.2 percent at 3,766.33 points, while the Shanghai Composite Index slipped 0.1 percent to 3,068.01 points. All eyes
European shares edged up on Monday as a rise in US Treasury yields helped lift bank stocks to nearly 5-week highs, more than offsetting a disappointing update from UBS and losses among bond-proxy sectors. The pan-European STOXX 600 benchmark index rose 0.