Germany must take "more forceful" action to prepare its booming economy for the future by ramping up public investments, the International Monetary Fund said Monday, as calls mount for Berlin to reduce its oft-criticised trade surplus. The plea comes afte
Banks wanting to trade in digital currencies should make sure those activities are clearly "segregated" from their other operations, a top ECB official cautioned Monday, as ever more financial institutions mull jumping on the bitcoin bandwagon. "Due to th
US photocopier and printer maker Xerox on Sunday announced it was terminating a merger with Fujifilm and appointing a new chief executive after entering into a settlement with activist shareholders who had contested the takeover. In a statement on its web
The UK government on Monday said it had awarded British defence group BAE Systems a contract to build nuclear-powered submarines. The Ministry of Defence said in a statement that BAE had been awarded a contract worth £1.5 billion ($2.0 billion, 1.7 billio
China has approved a $1 billion loan to revive a long-delayed expressway in central Sri Lanka, the island's government said Monday. Construction of the first phase of the road linking the capital Colombo with the hill resort of Kandy had been delayed for
Bangladesh's main stock exchange signed an agreement Monday selling a quarter of the bourse to a Chinese consortium, an official said, formally rejecting a rival bid from regional ally India. Officials from the Shenzhen Stock Exchange and Shanghai Stock E
French rail workers sought to up the ante in weeks of strikes Monday, slashing the number of trains running as the government insists it will not back down in the standoff. Monday marked the 18th day of strikes since early April against President Emmanuel
Tesla has set up a company in Shanghai focusing on technology development in China, a crucial market for the US firm as the country plans to scrap ownership limits for foreign automakers.
China on Monday hailed President Donald Trump's offer to prevent Chinese telecom giant ZTE from collapsing due to a US technology ban, as the two sides prepare for new negotiations this week to avert a trade war. In an apparent olive branch, Trump announc
UK shares fell slightly on Monday following a strong run, while a potential bidding war for IWG triggered a surge in the serviced office provider's stock, the latest deal in a flurry of mergers and acquisitions. The index of leading UK stocks fell nearly
Australian shares rose on Monday, carried higher by BHP hitting its highest since August 2014 and giving the index a valuable boost. The S&P/ASX 200 index rose 0.3 percent, or 19 points to 6,135.3 at the close of trade. The benchmark closed marginally low
Weak financial stocks weighed on European shares on Monday after a strong run of weekly gains, while dealmaking livened up trading with Portugal's EDP and Britain's IWG both jumping on takeover offers. The pan-European STOXX 600 index dipped 0.1 percent,
China stocks rose on Monday amid signs of easing trade tensions between Beijing and Washington, while investors awaited MSCI's final A-share inclusion list. The blue-chip CSI300 index rose 0.9 percent, to 3,909.29, while the Shanghai Composite Index rose
Indian shares ended largely unchanged on Monday, ahead of the consumer price inflation data for April later in the day, with investors awaiting election results in the key southern state of Karnataka. Exit polls on Saturday suggested that Prime Minister N
Most Southeast Asian markets climbed on Monday with Malaysia ending higher as trading resumed after the stunning defeat of a coalition that ruled the country for over six decades, while Vietnam rose more than 2 percent led by real estate stocks.
Sri Lankan shares ended at a near five-week low on Monday, led by industrial shares such as John Keells Holdings, while foreign outflows and the recent fuel price hike weighed on sentiment, stockbrokers said. State-run fuel retailer Ceylon Petroleum Corp
US stocks rose on Monday on signs of easing trade tensions between the United States and China after President Donald Trump softened his stance on Chinese technology company ZTE Corp. Trump on Sunday pledged to help ZTE "get back into business, fast" near
Tokyo stocks rose for the third consecutive session Monday on a weak yen, as market sentiment stayed positive on sound corporate earnings and expectations that US inflation will stay low. The benchmark Nikkei 225 index gained 0.47 percent or 107.38 points
Hong Kong stocks rose for a six straight session and hit a more than seven-week high on Monday, as Sino-US trade tensions eased after US President Donald Trump pledged on Sunday to help ZTE Corp "get back into business, fast." The Hang Seng index rose 1.4
Qatar stocks rose more than one percent on Monday, leading among Gulf markets, as investors bet that index-compiler MSCI will increase weightings for some of the country's top blue-chip companies in its emerging market index review. Banking stocks drove S
The Australian dollar notched up its fourth straight session of gains on Monday, breaking free from the 11-month low it hit last week. The New Zealand dollar was barely changed at $0.6965, well above last week's low of $0.6903 - a level not seen since las
Sterling rose on Monday as the dollar weakened against its rivals and investors bought back the pound ahead of unemployment and wages data, which sterling bulls hope will help the currency recover now that any interest rate hikes look further away.
The Sri Lankan rupee hit a record low of 158 per dollar on Monday in thin trade after the central bank chief said the currency will depreciate gradually while exporters stayed away from the market expecting further weakness. The rupee ended at 157.95/158.
Argentina's peso plummeted by more than 6 percent on Monday, sparking new inflation fears for Latin America's third-largest economy. The currency fell 6.6 percent to trade at 25.20 against the dollar as markets opened.
The Malaysian ringgit pared losses after falling to its lowest in over a year on Monday following last week's shock election upset, while most other Asian currencies gained on the dollar. The ringgit fell as much as 0.9 percent as Malaysian markets reopen
The dollar headed for its fourth successive day of losses on Monday as broad risk appetite returned and investors questioned whether a recent rally by the greenback had run out of steam. The dollar index against a basket of six major currencies hit a 4-1/
The dollar fell to one-week lows on Monday as investors questioned whether a rally that last week sent the greenback to more than four-month highs had run out of steam. The dollar has gained as a rise in US Treasury yields highlighted the wide interest ra
The dollar's recent rally ran out of steam on Monday with US yields sinking as investors wound back expectations that the US Federal Reserve will launch a series of rapid rate hikes this year. The dollar index against a basket of six major currencies was
China's yuan eased slightly against the dollar on Monday, as the central bank's firmer fixing of the local currency boosted corporate demand for the cheaper greenback. Prior to market opening, the People's Bank of China set the yuan midpoint rate at 6.334
Chicago Board of Trade corn futures fell Friday on fund-driven long liquidation amid a lack of fresh supportive news, and spillover weakness from soybeans and wheat, traders said. CBOT July corn settled down 5-1/2 cents at $3.96-1/2 per bushel after hitti
The Karachi Port handled 287,339 tonnes of cargo comprising 243,117 tonnes of import cargo and 44,222 tonnes of export cargo including 4,569 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 243
Analyst firm Strategie Grains maintained its outlook for a sharp drop in European Union soft wheat exports in 2017/18, while also scaling back its expectations for a rebound next season. The analyst nudged up its forecast for EU soft wheat exports in the
Asia's naphtha fundamentals were strong as tight supplies against firm demand lifted Indian spot premiums to levels not seen since 2015. India's Mangalore Refinery and Petrochemicals Ltd (MRPL) on May 9 sold 35,000 tonnes of naphtha for June 1-3 loading f
Chicago Board of Trade soyabean futures fell nearly 2 percent on Friday on a mix of technical selling including long liquidation ahead of the weekend, and uncertainty about trade disputes with top global soya buyer China, traders said.
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,467. The traded value of Metals, Energy and COTS/FX was recorded at 6.509 billion and the number of lots traded was 10,206.
Not a single deal was reported on the cotton market on Monday due to less buying interest by spinners, dealers said. The official spot rate was unchanged at Rs 7400, they added. Commenting on the listless business, cotton analyst, Naseem Usman said that l
Agricultural equipment makers in Brazil are banking on strong sales this year, boosted by a second straight bumper soya crop and rising grain prices, which will more than offset weakness in the sugar cane sector, they said at a major trade show. Some mach
Euronext wheat eased on Friday to touch a near two-week low, tracking a fall in Chicago after a higher than expected official forecast of US wheat production kept the market focus on ample supplies. Trading volumes and price movements were limited on Euro
China's iron and steel prices rose on Friday amid growing optimism about demand as inventories of metal continued to fall and buying from the real estate market strengthened, while coke rallied as investors braced for output cuts in Jiangsu province. "Chi
Chicago Board of Trade wheat futures hit a two-week low on Friday on technical selling and as Thursday's larger-than-expected US wheat production forecast eased concerns about dry weather curbing yield prospects in the southern Plains, traders said. CBOT
EU rapeseed oil asking prices were little changed on Friday with support from gains in Chicago soyabean oil futures offset by the strength of the euro. Dealers said the market was partly adjusting to gains in Chicago on Thursday when much of Europe was on
Ukrainian farmers have sown 6.2 million hectares of spring grains or 84 percent of the total area as of Friday, the country's Agriculture Ministry said. Farmers have sown around 1.5 million hectares of spring barley, 412,000 hectares of peas, 185,000 hect
Benchmark northwest European gasoline barge cracks rose on Friday as gasoline stocks fell. Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell to their lowest since January in the past week,
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
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
The Balochistan Assembly on Monday presented province's budget for fiscal year 2018-19 with a total outlay of Rs 352.3 billion, Radio Pakistan reported. Advisor to the Chief Minister on Financial Affairs Ruqayya Saeed Hashmi presented the budget. In her b
Prime Minister Shahid Khaqan Abbasi claimed on Monday that National Security Council (NSC) did not condemn Nawaz Shairf's statement but misreporting of the statement was condemned. Soon after a meeting of National Serenity Council (NSC), speaking to media
Prime Minister Shahid Khaqan Abbasi claimed on Monday that National Security Council (NSC) did not condemn Nawaz Shairf's statement but misreporting of the statement was condemned. Soon after a meeting of National Serenity Council (NSC), speaking to media
Former Prime Minister Nawaz Sharif Monday said that he will stick to his statement that he had made about the Mumbai attacks no matter what the consequences will be. Sharif was talking to reporters here inside the Accountability Court, hearing corruption
Former Prime Minister Nawaz Sharif Monday said that he will stick to his statement that he had made about the Mumbai attacks no matter what the consequences will be. Sharif was talking to reporters here inside the Accountability Court, hearing corruption
Pakistan Stock Exchange remained under heavy pressure following controversial statement by former prime minister Nawaz Sharif that led to selling in the market, analysts said. The market participants remained concerned, as they consider potential impact o
Pakistan Stock Exchange remained under heavy pressure following controversial statement by former prime minister Nawaz Sharif that led to selling in the market, analysts said. The market participants remained concerned, as they consider potential impact o
Pakistan Stock Exchange remained under heavy pressure following controversial statement by former prime minister Nawaz Sharif that led to selling in the market, analysts said. The market participants remained concerned, as they consider potential impact o
Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday as the United States opened its embassy to Israel in Jerusalem, a move that has fueled Palestinian anger and drawn foreign criticism that it undermines peace efforts. I
Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday as the United States opened its embassy to Israel in Jerusalem, a move that has fueled Palestinian anger and drawn foreign criticism that it undermines peace efforts. I
Indian Power Minister Piyush Goyal will temporarily take additional charge of the finance ministry until Finance Minister Arun Jaitley recovers after undergoing a kidney transplant, the country's president said in statement on Monday. Jaitley, who larg
Punjab Finance Minister Dr Ayesha Ghous Pasha on Monday presented amid protest by opposition Rs 1898 billion supplementary budget for the year 2017-18 in addition to Rs 85 billion revised budget for the current financial year. The budget session was presi
Punjab Finance Minister Dr Ayesha Ghous Pasha on Monday presented amid protest by opposition Rs 1898 billion supplementary budget for the year 2017-18 in addition to Rs 85 billion revised budget for the current financial year. The budget session was presi
Hundreds of French students saw their end-of-term exams suspended Monday as protesters blocked access to two universities, the latest in months of demonstrations against the government's plans to introduce more selective admission requirements. Tests were