No major changes were seen on the money market on Saturday as the rupee did not budge any side in relation to the dollar in process of trading, dealers said.
No major changes were seen on the money market on Saturday as the rupee did not budge any side in relation to the dollar in process of trading, dealers said.
Asia's naphtha crack eased for the second day, this time by 0.1 percent to reach a three-session low of $96.20 a tonne on Thursday as high supplies dragged. Asia's gasoline crack was also down, touching a 1-1/2 week low of $8.36 a barrel.
ICE Canadian canola futures rose on Thursday for a second day, pulled up by strength in soyabeans and soyaoil. Canola lagged soya's gains as the market is "fundamentally weak," a trader said. Statistics Canada on Wednesday estimated canola productions at
Chicago Board of Trade corn futures climbed nearly 2 percent on Thursday, with the benchmark December contract hitting a one-week top as larger-than-expected weekly export sales and prospects for US harvest delays sparked a round of short-covering, analys
Chicago Board of Trade soyabean futures closed higher Thursday as higher-than-expected weekly US export sales data and wetter forecasts for the Midwest sparked a round of short-covering, traders said. CBOT November soyabeans settled up 20-1/4 cents at $8.
Russian wheat export prices rose at the end of last week due to strengthening in the rouble currency and risks related to tougher quality controls at ports, analysts said on Monday. Russia's food safety watchdog beefed up quality controls on grain exports
Prices for Shanghai construction steel rebar slid 1.2 percent on Thursday, following four sessions of gains that were triggered by China's moves to boost infrastructure spending. The most-active rebar contract on the Shanghai Futures Exchange finished dow
Rice export prices in India recovered this week after demand improved, while rates for the Vietnamese variety eased despite the prospect of orders from typhoon-hit Philippines, as Thai rates were more competitive. Rates for top exporter India's 5 percent
Buyers kept on the sideline in the absence of motivating factors on the cotton market on Saturday, dealers said. The official spot rate was unchanged at Rs 8200, they added. Prices of seed cotton in Sindh were at Rs 3700-3800, in the Punjab, rates at Rs 3
Palm oil on the European vegetable oils market was lower on Thursday, following the weaker trend in Malaysian palm oil futures, which eased on expectations of increased production and growing palm oil stocks in both Malaysia and Indonesia.
China's diesel demand will grow at its fastest in at least five years as a pick-up in diesel-intensive sectors in the world's second-biggest economy coincides with lower output from domestic refineries, several sources and analysts said. Estimates of the
Euronext wheat futures steadied in late trade on Thursday in step with Chicago wheat that drew support from a rally in corn and soybeans. Benchmark December milling wheat on Paris-based Euronext was trading flat by 1623 GMT at 202.50 euros per tonne. It h
Typhoon Mangkhut did not damage China's sugarcane crop as severely as expected and its impact on sugar output is likely to be limited, two analysts and a sugar producer told Reuters. Shares in China's major sugar producers jumped on Monday as investors wo
Coffee demand picked up slightly in Vietnam this week as buyers switched destination, after supplies dropped in Asian rival Indonesia at the end of harvest, traders said on Thursday. Exporters offered Vietnam's 5-percent black and broken grade 2 robusta a
Above average rainfall in most of Ivory Coast's cocoa regions last week continued to boost the October-to-March main crop, farmers said on Monday, despite fears the humidity could impact bean drying. Farmers said they were expecting an abundant crop this
China's iron ore demand is expected to stay flat, said an official from Baoshan Iron & Steel Co, the country's biggest listed steelmaker, as Beijing's stricter environmental rules boost the use of scrap steel. China's growing stockpiles of scrap steel sho
Expectations that low sugar prices will fail to recover in the near-term prompted Europe's largest refiner Suedzucker to cut its full year earnings forecast on Thursday, sending its shares down as much as 8 percent. Suedzucker now expects group operating
Newly appointed Zimbabwean Finance Minister Mthuli Ncube would like to employ a "big bang" economic reform program to the battered economy where unemployment is running above 80 percent, but recognizes politics will limit the speed for change. "My prefere
Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed. Representing the six-month outlook of 104 firms, th
Britain's budget deficit unexpectedly widened in August, driven by subdued tax receipts, a rise in the state pension and higher EU budget payments, but finance minister Philip Hammond probably still has room to ease his grip on spending later this year. T
The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing's response to the latest round of tariffs, a senior White House official said on Fr
The US airline industry scored a win on Saturday as bipartisan congressional legislation dropped plans to mandate "reasonable and proportional" baggage and change fees, but included other new passenger protections. After weeks of negotiations, a 1,200-pag
Wells Fargo announced plans to cut five to 10 percent of its workforce, a move that would affect up to 26,500 jobs based on current headcount. The bank, which has struggled to regain its footing following a series of scandals, said the job cuts and attrit
Chinese police on Friday arrested 21 suspects in connection with the theft of customer information from Alibaba Group Holding's logistics affiliate Cainiao Network, state news agency Xinhua reported. More than 10 million pieces of client data - including
Luxembourg is among EU states that have urged caution in beefing up the bloc's supervision of banks against money laundering, while Denmark is in favour, an EU official familiar with talks on the matter told Reuters on Friday. The positions were taken in
The US government is considering helping Liberia track down more than $100 million in missing cash, an embassy spokesman said, in a case that has triggered a political crisis in the impoverished country. Several shipments of freshly printed Liberian dolla
The German Environment Agency (UBA) said on Saturday it was doubtful about the environmental benefits of introducing incentives for drivers of older diesel vehicles to trade them in for newer models. Chancellor Angela Merkel is due to hold a high-level me
Ex-employees of Lehman Brothers Holdings Inc met at Irish pubs near their former office in Midtown Manhattan on Thursday night to reminisce 10 years after the bank's collapse, in gatherings with the atmosphere of high school reunions despite marking the l
Argentina's peso strengthened for the third straight day on Friday, driven by optimism that the government would sign a revised financing deal with the International Monetary Fund to include stricter fiscal measures and faster cash disbursements.
In an effort to maintain its status as a cryptocurrency hub, Switzerland has taken steps to help blockchain companies access the traditional financial system by making it easier for them to open corporate bank accounts. Faced with an exodus of cryptocurre
China will provide more support for its nuclear firms to go overseas and strengthen their position on the international market, according to new draft legislation submitted to the industry for consultation on Friday. "The state will encourage and support
Italy's prime ministerial spokesman has warned that the anti-establishment 5-Star Movement will sack Treasury officials in a "mega-vendetta" if they fail to find the resources needed for welfare spending. Spokesman Rocco Casalino's comments, made in a lea
Italy's prime ministerial spokesman has warned that the anti-establishment 5-Star Movement will sack Treasury officials in a "mega-vendetta" if they fail to find the resources needed for welfare spending. Spokesman Rocco Casalino's comments, made in a lea
Liberian President George Weah has signed a long-sought land reform law that gives local communities greater rights over "customary land" and lets foreigners and charities own property. First drafted in 2014, the Land Right Act has nonetheless been critic
Nigeria's central bank has revoked Skye Bank's operating licence and a bridge bank called Polaris has been created to take over the lender's assets, the financial regulator said on Friday. Isaac Okorafor, a central bank spokesman, said state-run bad bank
Blackstone Group LP, the world's largest manager of alternative investments such as private equity and real estate, said on Friday it could be overseeing $1 trillion in assets by 2026. The firm currently manages $439 billion, a five-fold increase since it
Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General's office said in a report published on Tuesday. The study found that online p
Kenya's shilling is expected to strengthen against the dollar in the next week to Thursday, while Uganda's shilling will weaken and Zambia's kwacha and Ghana's cedi will hold steady, traders said.
The Canadian dollar edged lower against its US counterpart on Friday, but was on track to gain for the second straight week as data showing a pickup in underlying inflation boosted bets for a Bank of Canada interest rate hike next month. Canada's annual i
Turkish companies will no longer be required to count foreign-currency losses when assessing whether to file for bankruptcy, according to a legal change introduced at the weekend, a move that could dent productivity by propping up unhealthy companies.
Sterling plunged on Friday, driving the US dollar up, after fears rose that Britain would leave the European Union without a trade deal. British Prime Minister Theresa May said on Friday the European Union must supply an alternative Brexit proposal, sayin
The Turkish lira eased on Friday, a day after Finance Minister Berat Albayrak announced the government's three-year economic forecast, disappointing investors who wanted a more sober assessment of the fragile economy. The lira weakened to 6.2250 against t
Speculators' net long bets on the US dollar rose after declining for three straight weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position rose to $22.98 bill
Investors have increased bets that India's central bank will need to raise interest rates at least two more times this year to shore up the battered rupee after previous efforts to defend the currency failed to sway markets. The government's latest measur
Bets that most Asian currencies will continue to come under pressure from a strong dollar and the intensifying Sino-US trade war have risen over the last two weeks, a Reuters poll showed. An environment of heightened volatility has gripped some of Asia's
Mesut Ozil has thanked Jerome Boateng for public support in the wake of Ozil's controversial retirement from international football. Ozil, 29, walked away from the Germany squad in July, claiming he was made a scapegoat for the national team's disastrous
isgraced cricketers Steve Smith and David Warner made stunning returns to Australian cricket Saturday, with the pair both notching up big scores in front of some of the largest grade-level crowds the country has seen. Former captain Smith looked as though
New Pakistan cricket chief Ehsan Mani said on Saturday his board would review their stance on global leagues and seek assurances from the game's governing body. Pakistan Cricket Board (PCB) earlier this year restricted its players' participation to one le
Malaysian badminton star Lee Chong Wei has early-stage nose cancer and is being treated in Taiwan, sports officials said Saturday, after weeks of speculation about his health. The country's most successful Olympian ever, who enjoys superstar status in his
Pakistan Socca Football team has reached Lisbon, Portugal on Saturday to participate in the 32-team inaugural six-a-side ISF Socca Football World Cup, which commences today (Sunday). The players in green will play their first match against top class footb
Real Madrid midfielder Luka Modric has reached a deal with Spanish prosecutors, admitting he evaded taxes and agreeing to an eight-month jail sentence likely to be converted into a fine, daily El Mundo reported Saturday. The Croatian star, one of the favo
Liverpool and Manchester City's shootout for the Premier League title intensified on Saturday with comfortable wins over Southampton and Cardiff, while Manchester United were held 1-1 by Wolves on the day Alex Ferguson returned to Old Trafford.
Japan's Naomi Osaka crushed Italian Camila Giorgi 6-2, 6-3 in Tokyo on Saturday to set up a Pan Pacific Open final against Czech Karolina Pliskova. Third seed Osaka needed just 71 minutes to complete her 10th straight win after capturing a historic US Ope
Pakistan's paceman Hasan Ali and Afghanistan's Asghar Afghan and Rashid Khan have all been fined on Saturday for violating the players' code of conduct, the International Cricket Council said Saturday. "Hasan, and Afghanistan's duo of Asghar and Rashid ha
Experienced batsman Shoaib Malik hit a six and a boundary to pull off a sensational last over three wicket win for Pakistan against a spirited Afghanistan in the Asia Cup in Abu Dhabi on Friday. Malik pulled the second ball of the final over by paceman Af
The woman whose sexual assault allegation threatens to bring down Donald Trump's Supreme Court nominee was given until Saturday afternoon to decide on testifying in the Senate, after the US president claimed her accusation could not be true. Christine Bla
Eight children, including four siblings, were killed in Afghanistan when a mortar shell they were playing with exploded, relatives said Saturday, adding to the ever-growing civilian toll in the 17-year war. Another six children were wounded in the blast o
China's most senior envoy inaugurated a new embassy in the Dominican Republic on Friday after the Caribbean country cut ties with Taiwan in a move that prompted US concern over the Asian island's dwindling number of allies. Self-ruled Taiwan, which China
The Vatican on Saturday announced an historic accord with China on who appoints bishops in the Communist country, paving the way for rapprochement between the Catholic Church and the world's most populous country.
A pair of robot rovers have landed on an asteroid and begun a survey, Japan's space agency said Saturday, as it conducts a mission aiming to shed light on the origins of the solar system. The rover mission marks the world's first moving, robotic observati
Some 20,000 people marched in Bern Saturday demanding wage equality between the genders, organisers said, warning that women are prepared to go on strike if Swiss parliamentarians do not fix the pay gap. Women "are sick of sexism and discrimination, sick
Maldivian police raided the opposition campaign headquarters on Saturday, the opposition said, on the eve of Sunday's presidential election that international monitors fear will be rigged.
An Australian filmmaker who received a royal pardon from Cambodia will be deported Saturday, immigration officials said, a day after he was released from a six-year sentence in a case Human Rights Watch has called "a ludicrous charade". James Ricketson, 6
Lebanon's navy rescued dozens of people, including Syrians, from a sinking boat off the country's northern coast on Saturday, the military and a security source said, adding one child had died. The military said in a statement it responded early Saturday
Gunmen on Friday killed a Mexican journalist who had received threats after reporting on corruption in the southern state of Chiapas, his newspaper said, in what was at least the ninth murder of a reporter in the country this year. Mario Gomez, a reporter
Libya's internationally recognised government has called on the UN to take "concrete and effective" action to protect civilians and halt fighting near the capital that has killed more than 100 people since late August. In a statement late Friday, the Gove
International aid agencies are losing the fight against famine in Yemen, where 3.5 million people may soon be added to the eight million Yemenis already facing starvation, the UN aid chief warned Friday. A sharp drop in the value of Yemen's currency that
Fountains were tinted black in several French towns Saturday during protests against plans by oil giant Total to drill near a coral reef at the mouth of the Amazon. The protesters insist the plan threatens a "unique" natural habitat. "The Amazon reef is n
Former French president Francois Hollande has fuelled controversy over India's multi-billion-dollar 2016 purchase of 36 Rafale fighter jets, saying that France was given no choice on the Indian partner for manufacturer Dassault. His comments on Friday sto
Women foreign ministers from around the world kicked off a first-of-its-kind meeting on Friday, bringing together more than half of the world's top women diplomats in Montreal.
United States and allied forces came under attack in Somalia, triggering an air strike which killed 18 Al-Shabaab militants, the US military said on Saturday. The incident occurred on Friday 50 kilometers (30 miles) northwest of Kismayo in the south of th
About 3,000 people demonstrated in Moscow on Saturday against deeply unpopular government plans to raise the retirement age, which have sparked public anger. Proposals to raise the state pension age to 60 for women and 65 for men has led to a number of pr
Critics of Prime Minister Theresa May's Brexit proposal across several parties staged the first in a planned series of rallies on Saturday aimed at mounting support for a clean break with EU. The "Save Brexit Campaign" kicked off at the football grounds o
The United States was to begin construction in Texas on Saturday of part of President Donald Trump's border wall designed to curb illegal immigration, which he calls a security threat. Running along four miles (six kilometers) of the 2,000-mile border wit
Prices of essential kitchen items witnessed increase during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday.
Leader of the opposition in the Sindh Assembly Firdous Shamim Naqvi stepped down as president of the Pakistan Tehreek-e-Insaf (PTI) Karachi chapter on Saturday. The PTI MPA said he wants to focus all his attention on resolution of the issues facing the pr
The incumbent government of Pakistan Tehreek-e-Insaf (PTI) has finalised strategy to build five million houses as Prime Minister (PM) Imran Khan is set to announce the details of the project in coming week. The government has decided to immediately start
The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) welcomed the Kingdom of Saudi Arabia investment in China-Pakistan Economic Corridor (CPEC) which would open another door of foreign direct investment into
Directorate General Customs Valuation (DGCV) has revised the Customs values of fleece fabric under sub-section (7) of section 25 of the Customs Act, 1969. According to details, the customs values of fleece fabric were determined vide valuation ruling No.6