The rupee continued slide versus the dollar on the money market on Saturday and it's most likely that it may breach the barrier of Rs 131 in the near term, dealers said.
The rupee continued slide versus the dollar on the money market on Saturday and it's most likely that it may breach the barrier of Rs 131 in the near term, dealers said.
South Africa's maize output is expected to rise slightly in 2018 than previously estimated on the back of late harvests from the central and western parts of the maize belt, a Reuters poll of four traders and market analysts showed on Friday.
A record wheat harvest expected in Argentina this year could arrive just in time to jumpstart the ailing South American economy in the fourth quarter, after growth has been hit by low investment, high inflation and a soya crop devastated by drought.
North American cocoa grindings fell more than expected in the second quarter of 2018, marking the weakest processing volumes for the April-to-June period in six years, according to data from the National Confectioners Association (NCA) on Thursday.
Unusually good US corn conditions and the quick pace of the crop have many traders and analysts baking heavy corn yields into their balance sheets, some as high as 180 bushels per acre, well above last year's record. If corn yield reaches a new high, it w
Europe's grain market is bracing for more downgrades to the size of this year's wheat crop as harvesting reaches the northern regions that have been worst hit by exceptional drought and heat since spring.
China summer grain output fell 2.2 percent to 138.72 million tonnes in 2018, the National Bureau of Statistics said in a statement released on Wednesday. Summer grain acreage was at 267.03 million hectares in 2018, down 0.6 percent from last year, the bur
Healthy demand supported coffee markets in Indonesia, while a tropical storm sweeping through Vietnam caused no harm to coffee plants, traders said on Thursday. Indonesia's grade 4 defect 80 robusta was traded at a $70-$120 premium to London's September f
US corn futures advanced to their highest price in more than a week on Thursday on strong export demand and concerns about US crop conditions, traders said. September corn futures rose 4 cents to $3.51-1/4 a bushel at the Chicago Board of Trade. Most acti
US soyabean futures ended higher for the fourth consecutive day on Thursday on technical buying, as the market continued to recover from a 10-year low set early on Monday, traders said. August soyabeans futures rose 3-3/4 cents to $8.46 a bushel at the Ch
Abundant rainfall in most of Ivory Coast's cocoa regions last week is helping flowers develop into small pods and bodes well for the October-to-March main crop, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is wrapping up its April-
Rice export prices in India slid to a 15-month low this week as the rupee remained weak and demand was sluggish as buyers held off purchases on hopes of deeper price declines, while Vietnam rates fell further on mounting supplies. Rates for India's 5 perc
Drought has seriously damaged barley harvests in north Europe, potentially tightening supplies of animal feed and malt for beer brewing, but a decent crop in France could save the day, experts said on Thursday. "There are painful crop losses in Germany, P
An unprecedented rise in cotton prices hampered by technical correction on the local market on Saturday in process of modest trading, dealers said. The official spot rate stayed firm at Rs 9400, they added. Prices of seed cotton in Sindh were at Rs 4200-4
Palm oil sourced from illegally cleared rainforest areas in Indonesia has flowed through traders to major consumer goods brands despite widespread commitments to cease purchases of non-sustainable oil, a new report says.
Soyameal on the European meals and feeds market eased on Thursday, pressured by a strong dollar and continued concerns about the trade dispute between the United States and China, the world's top soya importer. South American soyameal was mostly offered b
Brazilian coffee farmers were able to speed up harvesting in recent days, helped by dry weather in most coffee producing regions, consultancy Safras & Mercado said on Thursday. Farmers had harvested 61 percent of the country's fields by July 17, according
Asia's naphtha crack eased to a two-session low of $92.88 a tonne on Thursday but the intermonth premium between first-half September and first-half October widened 25 cents to $8.50 a tonne, highest since July 13 due to demand. South Korea's LG Chem and
Brazil's 2018/19 center-south sugar output is projected to fall to 28 million tonnes compared with a previous estimate of 31 million tonnes due to a drought and high ethanol production, consultancy Safras & Mercado said on Wednesday.
India's coal demand rose 7.5 percent to about 900 million tonnes in the year ending March 2018, Coal Minister Piyush Goyal told lawmakers on Wednesday. Coal is expected to remain India's main energy source for the next three decades, even as the country e
Shanghai construction steel rebar futures climbed on Thursday to their highest in 10 months on concerns over supplies after China curbed production in top steelmaking cities in an effort to reduce pollution. The most-active rebar contract on the Shanghai
European wheat prices rose on Thursday with crop prospects in Germany, Britain and several other countries dented by a prolonged dry spell, while the weakness of the euro boosted the outlook for exports. December milling wheat, the most active contract on
An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show. For years, Canadian officials have pushed for an escalation in crude exports to
Once the outcast of European bond markets, Greece appears firmly on the road to redemption. After years of austerity, the expiry of an 86 billion euro ($100 billion) bailout in August will mark the end of an era in which Greece defaulted, 10-year yields t
Once the outcast of European bond markets, Greece appears firmly on the road to redemption. After years of austerity, the expiry of an 86 billion euro ($100 billion) bailout in August will mark the end of an era in which Greece defaulted, 10-year yields t
Vietnam's smoking hot economy and raging stock market have become Asia's earliest casualties in US President Donald Trump's trade war with China, as the export-reliant nation counts both among its top trading partners.
Fund managers have cut equity allocations to the lowest level since November 2016 lows, and 60 percent of investors see trade war as the biggest risk for markets, Bank of America Merrill Lynch's (BAML) latest monthly poll showed on Tuesday.
Fund managers have cut equity allocations to the lowest level since November 2016 lows, and 60 percent of investors see trade war as the biggest risk for markets, Bank of America Merrill Lynch's (BAML) latest monthly poll showed on Tuesday.
US investment bank Citi on Thursday cut its projections for global equity returns by mid-2019 and also downgraded its position on emerging market stocks to neutral from overweight, citing trade war risks and dollar strength. The bank said its analysts now
A reliable bond market indicator may be waving the flag that a US recession is coming, market watchers said, and it is not the flattening yield curve. Risk premiums on investment-grade corporate bonds over comparable Treasuries have been rising since Febr
A reliable bond market indicator may be waving the flag that a US recession is coming, market watchers said, and it is not the flattening yield curve. Risk premiums on investment-grade corporate bonds over comparable Treasuries have been rising since Febr
Middle East equity funds soared in the first half of 2018 after Saudi Arabia got the nod from MSCI for inclusion in its emerging stocks index, while microfinance and short-duration emerging debt funds weathered the bond market shake-out best.
Middle East equity funds soared in the first half of 2018 after Saudi Arabia got the nod from MSCI for inclusion in its emerging stocks index, while microfinance and short-duration emerging debt funds weathered the bond market shake-out best.
Italy's government bond yields rose on Friday after local media reported on tensions within the coalition government and a newspaper interview with a lawmaker raised more concerns about Rome's commitment to the euro. The Italian government has reached a d
Italy's government bond yields rose on Friday after local media reported on tensions within the coalition government and a newspaper interview with a lawmaker raised more concerns about Rome's commitment to the euro. The Italian government has reached a d
US stocks ended slightly lower on Friday as escalating trade anxieties driven by US President Donald Trump's latest tariff threats against China offset a string of robust earnings led by Microsoft. The Dow Jones Industrial Average posted its third consecu
Bank of Japan Governor Haruhiko Kuroda issued a plea on Saturday for leaders of major economies to step back from a tariff war, and said stable currency markets were to everyone's benefit. Kuroda spoke on arrival at a meeting of Group of 20 finance leader
Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75 percent, the latest move in an IMF-backed austerity programme that has left many Egyptians struggling to make ends meet.
France's finance minister Bruno Le Maire told AFP on Saturday that the United States must avoid pushing the world into a "survival of the fittest" scenario through tit-for-tat trade sanctions. Le Maire said Europe as a whole was worried about being dragge
Eighteen years after the guns fell silent following Ethiopia's bloody border war with Eritrea, the frontier town of Zalambessa is a quiet, rubble-strewn outpost crossed by a road to nowhere. But change could be on the horizon after the leaders of Ethiopia
An unsuccessful strike by rail workers this year against President Emmanuel Macron's reform plan for the heavily indebted state operator SNCF cost the company 790 million euros ($920 million), according to an internal document seen by AFP.
England's Farnborough airshow this week saw deals worth $192 billion (164 billion euros), a jump of more than 50 percent compared to 2016, in a sign of "confidence in global trade", organisers said Saturday.
Russian banks and pension funds took advantage of a sell-off in the Russian bond market, sparked in recent months by fears of sanctions and the central bank's hint that the rate-cut cycle is almost over, central bank and market representatives said.
Russian banks and pension funds took advantage of a sell-off in the Russian bond market, sparked in recent months by fears of sanctions and the central bank's hint that the rate-cut cycle is almost over, central bank and market representatives said.
French aerospace and defence group Thales' 4.8-billion-euro ($5.6 billion) plan to acquire chipmaker Gemalto to become a top-three global player in digital security faces a full-scale EU probe, two people familiar with the matter said on Thursday.
The fugitive DHL heir Larry Hillbroom Jr has been arrested and jailed in Palau after two days on the run, the Pacific island nation's attorney general said Saturday. Hillbroom was found at his girlfriend's house after fleeing arrest when he failed a manda
Liberia's largest palm oil company, Golden Veroleum, has quit a global eco-certification scheme in response to accusations from a global watchdog that it failed to get consent from communities before expanding onto their lands, the firm said. The Roundtab
The boards of Fiat Chrysler (FCA), Ferrari and CNH Industrial on Saturday chose Jeep's Mike Manley to replace ailing emblematic boss Sergio Marchionne, Italian media reported. Briton Manley, 54, had headed Jeep since 2009 and also pick-up and vans produce
US President Donald Trump's tariffs will lead to a drop in prosperity in Germany this year and are likely to cost Germans up to 20 billion euros ($23.44 billion), the head of German think-tank IMK said. The United States imposed tariffs on EU steel and al
The Canadian dollar rose against a broadly weak US dollar on Friday after strong inflation and retail sales data reinforced expectations for another interest rate hike by the Bank of Canada this year. The loonie posted its largest one-day gain versus the
International Business Machines Corp is backing a new cryptocurrency pegged to the US dollar, in a partnership with US-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said.
US President Donald Trump may not be happy about the strength of the US dollar, but the greenback's recent rally may partly be a product of his own making. The US dollar has been climbing against major currencies for several months, with the dollar index
The dollar fell across the board on Friday, as the latest comments by US President Donald Trump complaining about the strength of the greenback and the rise in US interest rates squashed a rally that took it to a one-year high the previous session.
The New York Department of Financial Services (DFS) said on Monday it had granted a virtual currency license to bitcoin payments processor BitPay. BitPay, which was founded in 2011, is authorized to offer clearing and settlement services to merchants will
Speculators raised bullish bets on the US dollar to the largest position since March 2017, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $18.41 billion
Switzerland's Finance Minister Ueli Maurer said in an interview on Wednesday that the Swiss franc was overvalued relative to the euro, but added that the country and its companies "can live with" the current exchange rate. "We like more 1.20 but at the mo
China's foreign-exchange regulator said on Thursday it was well-equipped to keep currency markets stable amid intensifying trade frictions with the United States and prepared to counteract cross-border capital outflow volatility if it arises. Wang Chunyin
Emerging market foreign exchange trading is growing at a double-digit clip this year, as economic and political worries stoke volatility and sell-offs in currencies such as the Chinese yuan, Turkish lira and Mexican peso, industry data shows.
Emerging market foreign exchange trading is growing at a double-digit clip this year, as economic and political worries stoke volatility and sell-offs in currencies such as the Chinese yuan, Turkish lira and Mexican peso, industry data shows.
Tiger Woods is right in contention at the top of a packed British Open leaderboard after one of the best completed scores so far in the third round at Carnoustie on Saturday afternoon. The 14-time major winner was at one point out on his own at the top of
Spaniard Omar Fraile ended Belgian hopes of a Tour de France victory on their national holiday with a gutsy, maiden victory on the race on the 14th stage Saturday. Britain's Geraint Thomas, of Team Sky, retained the race leader's yellow jersey after cross
World Indoor 60 metres bronze medallist Ronnie Baker emerged victorious from a hotly-contested 100m on Saturday's opening day of the London Diamond League after injury struck his US team-mate and rival Christian Coleman. Baker might have expected to chall
A joint table tennis team from the two Koreas on Saturday won the final in mixed doubles at the Korea Open, claiming the first gold in the latest instalment of sporting diplomacy on the peninsula. Jang Woo-jin, a male player from the South, and Cha Hyo Si
Lewis Hamilton said he does not believe he can repeat his Silverstone heroics by driving through the field to gain a podium finish in Sunday's German Grand Prix. The four-time world champion is expected to start the race from 14th on the grid after suffer
Caretaker Punjab Chief Minister Dr Hasan Askari has congratulated the national cricket team over its victory against Zimbabwe in fourth one-day match. Congratulating Fakhar Zaman for scoring second century in series and first double hundred in one-day int
Pakistan Army has won the Inter Services Basketball Championship 2018 whereas team of Pakistan Air Force remained runner up. Closing Ceremony of Inter Services Basketball Championship 2018 was held at Karachi. Commander Coast of Pakistan Navy, Rear Admira
Pep Guardiola's start to his pre-season campaign ended in defeat as Borussia Dortmund captain Mario Gotze's first half penalty was enough to see off the Premier League champions Manchester City 1-0 at Soldier Field in Chicago on Friday.
Banished opening batsman David Warner says he is looking to be part of Australia's World Cup defence in England next year after his first hit-out at home on Saturday. The pugnacious Warner smacked 36 runs off 32 balls in the Northern Territory Strike Leag
A leg injury ended the best showing in 18 months by Eugenie Bouchard, who quit her Saturday semi-final at Gstaad trailing Alize Cornet 7-6 (7/5), 1-0. The 2014 Wimbledon finalist, whose one-time fourth ranking has slipped to No. 146 after several seasons
Sri Lanka surged to 151 for 3 in their second innings on Saturday - a 365-run overall lead - as they sought a whitewash triumph over South Africa in their two-Test series. After their spinners had skittled out South Africa for just 124 in their first inni
The European Union's migrant strategy suffered a major new setback Friday with Italy refusing to freely accept people rescued at sea and Libya spurning a proposal for asylum processing centres. The salvoes follow a fractious EU summit in June which agreed
Thousands of people marched across major Australian cities Saturday calling for an end to Canberra's offshore detention of asylum-seekers. The government sends anyone who tries to enter the country by sea to camps on Papua New Guinea's Manus Island or on
Germany has lifted economic sanctions on Turkey and relaxed its travel advice to the country, Berlin said Saturday, after Ankara ended its two-year state of emergency. A 1.5 billion-euro ($1.7 billion) limit on export guarantees to Turkey would not be ren
UN Secretary-General Antonio Guterres called Saturday on Israelis and Palestinians to avoid "another devastating conflict" after resurgent violence claimed five lives on Friday. "I am gravely concerned over the dangerous escalation of violence in Gaza and
Learner drivers in Austria will no longer be able to take their theory test in Turkish, the transport ministry announced on Saturday, blaming the cost of translating the exam. Of the nearly 300,000 theory tests taken last year, only 3,631 were conducted i
Cuba's new President Miguel Diaz-Canel named his cabinet on Saturday, keeping a majority of ministers from predecessor Raul Castro including in the key posts of defense, interior and foreign relations, signaling continuity rather than change.
China's President Xi Jinping was to ink a raft of trade accords Saturday on the first visit by a Chinese leader to Senegal in almost a decade, Senegalese presidential sources said. Senegalese President Macky Sall welcomed his counterpart to Dakar for afte
A Frenchman who served 18 years in custody for smuggling drugs into Bali was deported Saturday in a case that sparked outrage in his native country over Indonesia's tough narcotics laws. Police arrested Michael Blanc on the day after Christmas in 1999 at
Spain's conservatives shifted to the right on Saturday, electing a traditionalist as leader as they seek to re-establish a clear political identity less than two months after being removed from government. Pablo Casado won a clear victory in the ballot of
Humanitarian aid sent by France and Russia arrived in Syria on Saturday as the two countries' leaders discussed a joint mission to distribute much-needed relief supplies in a ravaged former rebel enclave. The joint humanitarian aid operation - the first b