Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada's Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply.
Prices of industrial metals rose on Monday, with copper hitting a two-month high, after the United States and China agreed to a truce in a trade dispute that has undermined confidence in economic growth prospects.
Sterling fell on Monday to its lowest level since the end of October as growing concerns about British parliamentary approval for a proposed Brexit deal prompted investors to sell the currency. A broad rally across global stocks and risky currencies had l
The Australian and New Zealand dollars touched multi-month peaks on Monday in a knee jerk reaction to a pause in the Sino-US trade dispute, though there was plenty of caution about the prospects of a lasting peace. The Aussie dollar was up 0.6 percent at
Most Asian currencies rallied on Monday, as a halt to further tariff escalation between the United States and China lifted investor risk appetites, with the Korean won leading gains. The world's two largest economies agreed in a meeting in Argentina on th
The Moscow Exchange has launched five new currency trading options to boost liquidity on its currency market, the bourse said on Monday. The Moscow Exchange said it had started quoting the Japanese yen against the Russian rouble, and was now offering trad
China's yuan and the Australian dollar led the rally against the US dollar on Monday after Washington and Beijing's agreement for a ceasefire in their trade war encouraged investors to sell the greenback and buy into riskier assets.
The US dollar fell broadly on Monday, as currencies battered by trade tensions between the United States and China staged a comeback after leaders from the two countries declared a truce on tariffs. China's yuan and several trade-dependent currencies made
The dollar broadly weakened on Monday as investor demand for riskier assets rose after China and the United States agreed to a ceasefire in their trade war that has shaken global markets. The White House said on Saturday that President Donald Trump told C
South Africa's rand firmed more than 1 percent against a softer dollar on Monday, in line with emerging markets and a fall in bond yields, as a temporary trade truce agreement between US and Chinese leaders supported demand for riskier assets. Stocks surg
Former West Indies bowling great Courtney Walsh has admitted to mixed emotions as his countrymen were routed by Bangladesh - the side he now helps coach, who earned a rare Test series win. Bangladesh swept the series 2-0, with the second Test wrapping up
Former Barcelona president Josep Lluis Nunez, the club's head for 22 years and during the success of their iconic 1992 team, has died aged 87, the Catalan club announced on Monday.
Pakistani cricketer Muhammad Asif, his wife and two daughters were injured early Monday morning when their car rammed into a footpath due to over speeding in Lahore.
Ousmane Dembele took another step on the road to redemption as Barcelona eased past Villarreal on Sunday to move back to the top of La Liga. Dembele, dropped last month by coach Ernesto Valverde, was making his second consecutive start and repaid the fait
Former British hurdler Jon Ridgeon was on Monday unveiled as the new CEO of track and field's governing body, the International Association of Athletics Federations (IAAF). Ridgeon, 51, competed in both the 110 metres hurdles and 400m hurdles between 1984
Bangladesh Test skipper Shakib Al Hasan is pleased his team were able to get payback for the humiliation they suffered at the hands of the West Indies earlier this year. Bangladesh completed a 2-0 sweep of the West Indies inside three days in Dhaka on Sun
New Zealand skipper Kane Williamson hit a fighting half century while BJ Watling batted with patience to delay leg-spinner Yasir Shah's bid to become the fastest to 200 wickets on the first day of the third and final Test in Abu Dhabi on Monday. Williamso
West Indies cricket star Chris Gayle Monday won a Aus$300,000 (US$221,000) payout from an Australian media group which claimed he exposed his genitals to a massage therapist. The all-rounder was accused by Fairfax Media, publisher of The Sydney Morning He
Nestle cricket team defeated the Fatima Group cricket team in the final of Descon Super League 2nd Edition played here at Lahore Gymkhana Club Baghe Jinnah. In the final match, Nestle scored 161 runs in 20 overs. Hamid Hayat scored 60 runs, however, Fatim
Mark Hughes has been sacked as manager of Southampton after just eight months in charge, the struggling Premier League club announced on Monday, despite an improved performance in a 2-2 draw with Manchester United. The Welshman, 55, took over at St Mary's
Bismillah Sports overcame Red Army after recording a 1-0 victory in the summit clash of Leisure Leagues Inter-Club Football Championship here at 16-Star Ground. Ubaid Soomro scored the solitary goal of the match in the 12th minute, which was enough to tak
Asia's economic prospects looked gloomy as factory activity and export orders weakened across the region in November, with analysts expecting no quick rebound amid simmering global trade frictions. In a sign corporate sentiment was taking a hit from worri
British pharmaceutical group GlaxoSmithKline announced two multi-billion-dollar deals Monday - the sale of its Asian health drinks unit to Anglo-Dutch food giant Unilever and the purchase of US cancer specialist Tesaro.
The US manufacturing sector recovered in November, rising from a six-month low on strong demand and as trade war anxieties eased somewhat, according to an industry survey released Monday. The rosy numbers did not reflect the trade truce announced over the
Inflation in Turkey fell back last month after hitting a 15-year high in October, official statistics showed Monday, increasing the likelihood of an interest rate cut in the months ahead. The rate of increase in consumer prices fell to 21.62 percent in No
Chinese President Xi Jinping has arrived in Panama - which broke ties with Taiwan last year and switched its allegiance to Beijing - for a visit aimed at extending his country's political and economic influence in Latin America.
Israel and China have expanded a protocol that helps finance Israeli exports to China by offering $500 million in government guarantees, Israel's Finance Ministry said on Monday. The Israeli government has been encouraging companies traditionally drawn to
China was the driving force by a 30 percent leap in global trademark applications in 2017 as innovation turns into the main battleground among competing world economies, the UN World Intellectual Property Organization said on Monday.
European Union governments backed on Monday a proposal that could force systemic foreign clearing houses with operations in the EU to relocate to the bloc if they want to continue servicing their EU clients, a statement said. The move, which confirms a pr
Mexico is putting the presidential jet on the auction block, Andres Manuel Lopez Obrador's team said Sunday, making good on the new president's campaign pledge on his second day in office. The Boeing 787-8's last mission took outgoing president Enrique Pe
Australians firms doled out a record amount in salaries last quarter as hiring picked up in a welcome lift for a struggling consumer sector, but steep losses in the once red-hot housing market are whipping up headwinds for the economy.
Mining and energy stocks led a rally in British equity markets on Monday after Washington and Beijing agreed a ceasefire in their trade conflict, which has upended financial markets, and oil prices surged ahead of an Opec meeting.
Australian shares closed higher on Monday, tracking global gains as investor confidence improved following an apparent truce between leaders of the world's two largest economies over trade issues. US President Donald Trump and his Chinese counterpart Xi J
The Colombo stock index rose 0.1 percent to 6,025.20 on Monday. It rose 1.5 percent last week, recording its first weekly gain in four. It gained 1.1 percent in November and has declined 5.5 percent so far this year. The Sri Lankan rupee closed firmer on
Miners, autos, tech, and oil stocks surged on Monday, driving Europe's main benchmarks up strongly after US and Chinese leaders agreed a temporary truce in a trade war. US President Donald Trump and Chinese President Xi Jinping reached a truce at the G20
China stocks surged and the yuan posted its best gain in nearly three years on Monday after Chinese and US leaders agreed to a temporary truce in their trade war, but the long-term outlook for trade relations and Chinese markets remains murky. The deal be
Southeast Asian stocks surged on Monday, tracking gains across broader Asia, after a truce in trade relations between the United States and China. Vietnamese shares led gains in the region with a 2.7 percent rise, while Singaporean and Philippine stocks a
Indian stocks rose on Monday after a truce in trade relations between the United States and China, while shares in Hindustan Unilever jumped after its deal involving GlaxoSmithKline's Horlicks nutrition business. The broader NSE index closed 0.06 percent
Trade-sensitive industrial and technology stocks pushed Wall Street higher on Monday after the United States and China agreed on a temporary trade detente, hopes of which had driven the market last week to post its biggest gain in nearly seven years.
Tokyo shares closed higher Monday, as investors breathed a sigh of relief after the US and China agreed to suspend new tariffs in their escalating trade war. The benchmark Nikkei 225 index, which has ended higher for the past six days, added 1.00 percent
Qatar's stock market rose sharply on Monday and Saudi stocks gained, helped by a surge in oil prices, which boosted their banks and petrochemical stocks, while Egypt slumped to its lowest in a year. Oil prices jumped by more than 5 percent after the Unite
Physical gold demand in the world's second biggest bullion consumer India got a fillip this week from a slide in local rates due to gains in the rupee, while buying was steady in other top Asian hubs. "The appreciating (Indian) rupee has brought down pric
Chicago Board of Trade wheat futures advanced on Friday as an absence of December deliveries on first notice day and firming cash markets sparked a round of short-covering, traders said. CBOT benchmark March soft red winter wheat settled up 8 cents at $5.
The Karachi Port handled 201,621 tonnes of cargo comprising 140,038 tonnes of import cargo and 61,583 tonnes of export cargo including 5,895 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargos of 14
Libya's oil output is at a five-year high and rare exploration deals with foreign majors are being won but worker dissent and ever-present armed groups risk a repeat of disruptions that have choked off other production surges since the 2011 civil war. Sta
Brazil is expected to harvest a record soyabean crop in the 2018/19 season as good weather and strong Chinese demand set farmers on course to produce a new bumper crop, a Reuters poll showed on Friday. Farmers are poised to collect nearly 121 million tonn
On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,683. The traded value of Metals, Energy and COTS/FX was recorded at 7.220 billion and the number of lots traded 20,464. Major business was contributed by WTI crude oil amo
Chicago Board of Trade corn futures rose on Friday on short-covering as brokers adjusted positions ahead of weekend trade talks between US President Donald Trump and Chinese leader Xi Jinping at the G20 summit in Argentina. CBOT benchmark March corn settl
ICE Canadian canola futures rose on Friday, boosted by short-covering ahead of talks between the United States and China. Traders awaited a meeting between the leaders of the United States and China at the G20 Summit that could have implications for Chine
Prices of cotton stabilised on the local market on Monday in the process of modest trading dealers said. The official spot rate was unchanged at Rs 8,700, they added. Prices of seed cotton in Sindh were at Rs 3000-4000, in the Punjab seed cotton prices we
Rice export prices fell for the first time in four weeks in India as a government subsidy for overseas sales prompted traders to cut rates, while lower demand from China weighed on the Vietnamese market. Top exporter India's 5 percent broken parboiled var
Euronext wheat ended higher on Friday as a surge in US front-month futures gave impetus to an otherwise subdued session ahead of crunch talks between the United States and China at a G20 summit. Benchmark March milling wheat on the Paris-based Euronext ex
Chicago Board of Trade soyabean futures closed higher on Friday on short-covering and position squaring ahead of hotly anticipated US-China trade talks at this week's G20 summit in Argentina. The G20 meeting is to include head-to-head discussions between
Supported by weak crude oil prices, Asia's gasoline and naphtha cracks extended their gains on Thursday but concerns of a persistent supply glut continued to weigh on sentiment, trade sources said. The naphtha crack to Brent crude climbed to a four-week h
Domestic coffee prices in Vietnam continued to edge lower this week on rising supplies from an ongoing harvest that was not impacted by tropical storm Usagi that made landfall in the country over the weekend. A Vietnam coffee association official said las
The quality of Brazil's next coffee crop may be compromised due to excessive flowering, which results in beans that lack uniformity at harvest time, an industry leader said on Thursday. Carlos Paulino, chief executive of the world's largest coffee produce
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