The British pound on Monday recorded its largest daily drop against the US dollar in 3-1/2 weeks after two euroskeptic ministers announced their resignation from UK Prime Minister Theresa May's cabinet, leaving the British leader's Brexit plans in chaos.
The dollar neared a six-month high against the safe-haven Japanese yen on Tuesday as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum.
The dollar strengthened broadly on Monday and neared a six-month high against the Japanese yen as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum. As the second-quarter corporate earnings season
The British pound was frail on Tuesday after the departure of two key eurosceptic ministers raised worries about a "hard Brexit" while the yen retreated against the dollar as investors bid up riskier assets. Sterling stood at $1.3248, having fallen to as
Ireland's government should sell more bank shares sooner rather than later to reduce the risk of their value falling and to cut the state's still high debts, the head of the country's debt agency said on Monday. Ireland still has majority stakes in Allied
The Philippines' trade deficit widened further in May to a five-month high, adding further strain on the peso that has been hovering at 12-year lows. The deficit widened 6.3 percent to $3.7 billion, the statistics agency said on Tuesday, the highest level
New Zealand announced plans to spend NZ$2.35 billion ($1.6 billion) on four Boeing P-8A Poseidon maritime patrol aircraft from the US government to better monitor vast swathes of the Pacific. The planes, a modified version of the Boeing 737 commercial air
Denmark, a Nordic kingdom not often associated with financial shenanigans, is facing a massive scandal with banking champion Danske Bank accused of helping to launder $8.3 billion through an Estonian subsidiary.
Canadian housing starts surged in June as groundbreaking on multiple unit urban homes hit a record high, and building permits for May also jumped, reflecting renewed strength in housing after a weak spring, separate reports showed on Tuesday. Construction
Cuba will restrict business licenses to one per person under new private sector regulations which come into force in December amid fears reforms to open up its ailing economy have gone too far and are fuelling inequality. The long-awaited changes, due to
Egypt's annual urban consumer inflation surged to 14.4 percent in June as cuts to energy subsidies imposed under an IMF loan deal hit the economy sooner than expected. The speed at which June's increases in fuel, electricity and transportation fares hit t
Corruption scandal-tainted construction giant Odebrecht has agreed to pay a multi-million dollar settlement to the Brazilian government for bribing public officials. The deal gives Odebrecht 22 years to complete the 2.7 billion reis ($700 million) payment
Serena Williams survived a major scare before sealing her 11th Wimbledon semi-final appearance, while Angelique Kerber remains the seven-time champion's main title rival after the German joined her in the last four on Tuesday. Williams was in danger of a
Nigeria on Tuesday edged closer to a possible showdown with FIFA after a judge adjourned a long-running court case over the disputed leadership of the country's football federation. The case, heard at the Federal High Court in the central city of Jos, see
Barcelona have confirmed the arrival of Brazilian new recruit Arthur from Brazilian outfit Gremio on a 31 million euros ($37 million) deal. The Spanish champions will pay an extra 9 million in bonuses in the six-year deal struck with the Brazilians for th
Novak Djokovic won his battle to be promoted to Centre Court billing for Wednesday's quarter-finals, forcing eight-time champion Roger Federer off the sport's most famous arena for the first time in three years. Three-time champion Djokovic will open the
Ukraine's football federation said Tuesday it had offered a job to former Croatia international Ognjen Vukojevic and offered to pay his fine over a pro-Ukraine clip he posted during the World Cup.
Pakistan Cricket Board (PCB) is set to initiate action against cricketer Ahmed Shehzad as an independent review board has confirmed that the batsman tested positive for a banned substance. The PCB tweeted on Tuesday that it will issue a charge sheet to th
Modern great Cristiano Ronaldo left Real Madrid to join Italian champions Juventus for 100 million euros ($117 million) on Tuesday, with the Portuguese superstar saying the time had come "for a new stage" in his life. Juventus confirmed that Ronaldo had s
England are dreaming of a first World Cup final since 1966 but first they must come through Wednesday's semi-final at the Luzhniki Stadium against Croatia in what looks like their toughest test yet in Russia. Excitement has reached fever-pitch levels back
Russian wheat export prices were stable last week due to concerns over dry weather, analysts said on Monday. Black Sea prices for the new crop of Russian wheat were at $200 a tonne on a free on board (FOB) basis at the end of last week, unchanged from a w
Prices maintained upward march on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate maintained it's overnight level at Rs 8200, they added. Prices of seed cotton in Sindh were at Rs 3800-4200, while in the Punjab
The Karachi Port handled 195,970 tonnes of cargo comprising 159,214 tonnes of import cargo and 36,756 tonnes of export cargo including 6,258 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Euronext wheat fell for a second straight session, easing from last week's one-month high as investors waited to see the extent of weather damage to harvests in France and elsewhere in Europe. A firm euro and a drop in Chicago helped push Euronext prices
China's construction steel rebar futures rose on Monday on falling inventories and potential stimulus plans, with focus shifting back to market fundamentals and away from the festering Sino-US trade war. US tariffs on $34 billion worth of Chinese goods to
On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,552. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.735 billion and the number of lots traded was 6,908.
Chicago Board of Trade wheat futures were dragged down by technical selling amid the souring grains complex on Monday, said traders, despite recent concerns about deteriorating wheat production prospects in Europe and the Black Sea region. CBOT September
Chicago Board of Trade corn futures fell on Monday, as traders worried about cooler-than-expected weather forecasts for the Midwest farm belt when more of the US corn crop will be entering its critical pollination stage.
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
Director General Inter-Services Public Relations (ISPR), Major General Asif Ghafoor categorically said on Tuesday the army is apolitical and will perform election duties in a "non-political and impartial manner." The DG ISPR, while terming the second demo
Director General Inter-Services Public Relations (ISPR), Major General Asif Ghafoor categorically said on Tuesday the army is apolitical and will perform election duties in a "non-political and impartial manner." The DG ISPR, while terming the second demo
The Secu-rities and Exchange Commi-ssion of Pakistan (SECP) has directed Pakistan Stock Exchange Limited (PSX) vide direction dated 10 July, 2018 to immediately remove Hussain Lawai as Chairman of the Board of Directors of PSX.
The Secu-rities and Exchange Commi-ssion of Pakistan (SECP) has directed Pakistan Stock Exchange Limited (PSX) vide direction dated 10 July, 2018 to immediately remove Hussain Lawai as Chairman of the Board of Directors of PSX.
The Secu-rities and Exchange Commi-ssion of Pakistan (SECP) has directed Pakistan Stock Exchange Limited (PSX) vide direction dated 10 July, 2018 to immediately remove Hussain Lawai as Chairman of the Board of Directors of PSX.
Federal Invest-igation Agency (FIA) on Tuesday summoned former President Asif Ali Zardari and his sister Faryal Talpur to appear before it to record their statements in a money laundering case on Wednesday (today).
Federal Invest-igation Agency (FIA) on Tuesday summoned former President Asif Ali Zardari and his sister Faryal Talpur to appear before it to record their statements in a money laundering case on Wednesday (today).
Pakistan Stock Exchange opened on a bearish note in continuation with the declining trend a day earlier, however late buying in select stocks supported it to close in positive territory. BRIndex100 gained 32.84 points or 0.79 percent to close at 4,208.12
Pakistan Stock Exchange opened on a bearish note in continuation with the declining trend a day earlier, however late buying in select stocks supported it to close in positive territory. BRIndex100 gained 32.84 points or 0.79 percent to close at 4,208.12
Former prime minister Nawaz Sharif on Tuesday urged the Election Commission of Pakistan to take all affairs regarding Elections 2018 into its owns hands because only the ECP had the mandate to conduct elections, and no one else could do this. "We'll not a
Senior Pakistan People's Party (PPP) stalwart Aitzaz Ahsan said Tuesday the name of party co-chairman Asif Zardari has been added to the Exit Control List (ECL) without any proof of corruption. He was talking to media after attending a meeting of PPP top