The rupee moved slightly against the dollar on the money market on Thursday in the process of trading activity, dealers said. The rupee shed two paisas in relation to the dollar for buying and selling at Rs 138.91 and Rs 138.93 respectively.
The rupee moved slightly against the dollar on the money market on Thursday in the process of trading activity, dealers said. The rupee shed two paisas in relation to the dollar for buying and selling at Rs 138.91 and Rs 138.93 respectively.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (January 03, 2019).
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
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
Major Gulf markets staged a recovery on Thursday after opening on a weak note on global market woes, with renewed interest in financial stocks helping overcome volatility in global markets. The Qatari index rose 0.7 percent, with 18 of its 20 stocks advan
Australian shares closed more than 1 percent higher on Thursday as a 'flash crash' in the local currency bolstered the appeal of export-oriented stocks, with gold stocks topping the gains.
US stocks fell about 2 percent on Thursday as a key gauge of factory activity suffered its biggest drop in a decade, rattling investors already spooked by a rare profit warning from Apple Inc. The iPhone maker's shares dropped 8.4 percent to $144.73, lowe
Wall Street edged higher on Wednesday after stumbling out of the starting gate on the first trading day of 2019, while fears of a global economic slowdown were exacerbated after Apple cut its holiday-quarter revenue forecast.
Hong Kong stocks eased on Thursday after a rare revenue warning from Apple Inc spooked technology and hardware shares, and as investors found little support from the performance of Chinese equities. ** The Hang Seng index edged down 0.3 percent to 25,064.
The Treasury yield curve flattened on Wednesday afternoon as shorter-dated yields rose on higher oil prices, while at the long end, the benchmark 10-year US government bond was driven to an 11-month low by concerns about a global growth slowdown. Investor
Indian shares closed over 1 percent lower for a second consecutive session on Thursday, reflecting losses in broader markets where fears of a slowdown in global economy soured sentiment. The benchmark BSE index closed down 1.05 percent at 35,513.71. The b
Chinese stocks edged lower on Thursday as expectations of policy support failed to offset persisting worries over economic growth. The Shanghai Composite index ended nearly flat at 2,464.36, while the blue-chip CSI300 index fell 0.2 percent.
Apple's first sales warning in nearly 12 years sent European shares sliding on Thursday, with the tech sector particularly badly bruised as chipmakers that supply the iPhone maker fell sharply.
Philippine shares rallied on Thursday on expectations of positive inflation data, while stocks in technology export reliant Vietnam sank to an over 1-year low after iPhone maker Apple Inc cut its sales forecast.
UK shares ended a wobbly session in the red as weak US factory data piled on worries over the world's economy that were triggered by smartphone giant Apple's rare revenue cut, taking the shine off a positive Christmas update from retailer Next. The FTSE 1
Ireland posted its first underlying budget surplus for a decade in 2018, a year ahead of government forecasts, as high windfall taxes and low interest payments ended a decade of deficits, Prime Minister Leo Varadkar said on Thursday. Ireland's deficit bal
Growth in lending to eurozone firms and households picked up in November, the penultimate month of a key element in the European Central Bank's economic stimulus, official data showed Thursday. The pace of year-on-year growth in household borrowing accele
European aircraft manufacturer Airbus said Thursday it had finalised the sale of 120 A220-300 single-aisle jets worth $11 billion (9.7 billion euros). Sixty of the aircraft would go to low-cost US carrier JetBlue and another 60 to a start-up codenamed Mox
After only a year in business, startup Luckin Coffee said Thursday it will open 2,500 stores this year to dislodge Starbucks and become China's largest coffee chain. The company said it plans to have more than 4,500 stores in China by the end of 2019, tak
Turkish inflation dropped for the second month in a row, to an annual rate of 20.3 percent after hitting a 15-year high in October, official statistics showed Thursday. Thousands of Turks protested in Istanbul last month against crippling inflation as the
US chipmaker Qualcomm said Thursday it had fulfilled the requirements set out by a court in a patent dispute case against Apple to ban the sale of older iPhone models in Germany. The court in the German city of Munich had ruled in favour of Qualcomm last
British firms are facing labour shortages, stagnating growth and price pressures heightened by Brexit, according to the largest private sector survey of business sentiment published Thursday. The percentage of firms reporting an increase in domestic sales
Ireland's no-frills carrier Ryanair said on Thursday that its UK subsidiary has received a licence allowing it to operate in Britain in case of a no-deal Brexit.
US manufacturing activity slowed sharply to a two-year low in December amid a plunge in new orders and hiring at factories, suggesting the economy was probably not immune to slowing growth in China and Europe. The Institute for Supply Management (ISM) sur
World number one Novak Djokovic won another gruelling battle in Doha on Thursday to continue an upbeat start to the year and progress to the Qatar Open semi-finals. The Serb came from a set down, just like in his previous match, to beat Georgia's Nikoloz
Jimmy Neesham made a dream return to international cricket Thursday, crushing Sri Lanka with bat and ball as New Zealand won the opening one-day international by 45 runs in Tauranga. Neesham, recalled after 18 months in the wilderness as New Zealand look
Roger Federer ensured Switzerland would have the chance to defend their Hopman Cup title with a straight-sets win over Greece's Stefanos Tsitsipas at the mixed teams tournament in Perth Thursday. The 7-6 (7/5), 7-6 (7/4) win by the 20-time Grand Slam cham
Duanne Olivier led another fast bowling assault on Pakistan's batsmen as South Africa took control on the first day of the second Test at Newlands on Thursday.Olivier took four for 48 as Pakistan were bowled out for 177 after being sent in on a hard, gree
Irrepressible Cheteshwar Pujara stroked his third century of the summer Thursday to put India in a commanding position in the decisive fourth and final Test as they strive for an historic series win in Australia. At stumps on day one, they were 303 for fo
Kei Nishikori showed he was back to his best form as he downed Bulgaria's Grigor Dimitrov 7-5, 7-5 to reach the semi-finals of the Brisbane International on Thursday. Nishikori proved too consistent for the Bulgarian in a high-quality match, securing cruc
Top seed Caroline Wozniacki was bundled out of the WTA Auckland Classic in the second round Thursday, beaten in straight sets by 18-year-old Canadian Bianca Andreescu. It was a blow for Wozniacki who was looking for as much court time as she could get in
The yen soared versus its peers on Thursday, breaking through key technical support levels as heightened global growth risks pushed investors into safe haven-assets in moves exacerbated by thin holiday volumes. Charging the risk averse mood was a rare rev
The yen surged on Thursday as investors scrambled into the perceived safety of the Japanese currency after a shock revenue warning from Apple exacerbated concerns about a Chinese and global economic slowdown. The yen at one point was 4.4 percent stronger
The yen rallied against the dollar and euro on Thursday as investors sought the perceived safety of the Japanese currency after a shock revenue warning from Apple Inc exacerbated concerns about a Chinese and global economic slowdown. The dollar was 1.37 p
The US dollar climbed against the euro and sterling on Wednesday, starting the new year on a strong footing, but edged lower against the safe-haven Japanese yen as investors remained wary of slowing global growth and volatile equity markets. Weak manufact
The Australian dollar was picking up the pieces on Thursday after a torrent of automated selling against the yen sent it plunging to multi-year lows on a host of major currencies. The Aussie suffered some of the largest intra-day falls in its history amid
Most Asian currencies softened against the dollar on Thursday, with the Korean won leading declines, as wary investors dashed to safer assets amid deepening global growth risks. The won weakened as much as 0.9 percent at one point to 1,128.40 per dollar,
The Sri Lankan rupee ended steady near a record low on Thursday as foreign fund outflows mainly, from government bonds, continued amid dented investor sentiment after a recent political crisis. The currency fell 19 percent in 2018, making it one of the wo
Sterling fell across the board on Thursday after worries about the health of the global economy and particularly China sparked an investor exodus from currencies considered riskier. The pound, already struggling to make headway amid concerns about Britain
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,518. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.487 billion and the number of lots traded 11,926. Major business was contributed by NSDQ100 am
Through Dec. 18, money managers held a net short in CBOT wheat futures and options of just 5,625 contracts, though trade sources estimate that the short position widened to 20,125 contracts through Jan. 2. Wheat trade has been highly dependent in recent m
Rice export prices in India eased from a four-month high this week due to a depreciation of the rupee and sluggish demand, while Thai traders expect prices to drop over the coming weeks as supplies start to arrive from the new season crop amid flat demand
European wheat futures rose on Wednesday, supported by higher prices in Chicago and a sharp fall in the euro, but low volumes after the New Year holiday subdued the market. March milling wheat on the Paris-based Euronext exchange settled up 0.75 euros, or
The Karachi Port handled 161,432 tonnes of cargo comprising 120,846 tonnes of import cargo and 40,502 tonnes of export cargo including 10,462 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Trading activity improved on the cotton market on Thursday as mills showed fresh interest in buying to replenish their stock, dealers said. The official spot rate was unchanged at Rs 8,800, they added. Prices of seed cotton in Sindh were at Rs 3000-3800,
CBOT soyabeans dropped 7.33 percent in 2018, their second annual loss in two years, and this was largely due to disrupted trade between the United States and top buyer China. Through Dec. 20, China had 3.72 million tonnes of US soyabeans on the books for
Ivory Coast exported 634,824 tonnes of natural rubber in the first 11 months of 2018, up 3 percent from the previous year, provisional port data showed on Thursday. Ivory Coast, the world's top cocoa producer, is also Africa's leading grower of natural ru
On Thursday weakness remained on the domestic cotton market. Though New Year cotton futures rise on the earlier sessions Thursday, cotton that gain was essentially margins hundred over three past four weeks, there is a lesser to on the New York's cotton f
On Thursday weakness remained on the domestic cotton market. Though New Year cotton futures rise on the earlier sessions Thursday, cotton that gain was essentially margins hundred over three past four weeks, there is a lesser to on the New York's cotton f
Clashes broke out in southern India for a second day Thursday as Hindu hardliners went on the rampage, seeking to enforce a general shutdown in protest at two women entering one of the country's holiest temples. A day after violence among rival groups and
North Korea's top diplomat in Italy has sought asylum and gone into hiding, Seoul lawmakers told reporters after a closed-door meeting with South Korean intelligence officials on Thursday. It would mark the latest high-profile defection by a senior North
The US military will this year conduct its first ever missile drill around the Japanese island of Okinawa, according to a report Thursday, as Washington seeks to counter an increasingly assertive China. The US military has told its Japanese counterpart it
Turkey's President Recep Tayyip Erdogan on Thursday said Ankara and Baghdad would deepen cooperation against terrorism after tensions last month over Turkish air strikes against Kurdish militants in Iraq. "We know the importance of working together to be
The United States on Thursday warned Iran against plans to send off three space launch vehicles, charging that the move would violate a UN resolution on Tehran's nuclear program. Secretary of State Mike Pompeo said that Iran's satellite-delivery rockets u
A boat packed with picnickers capsized in a river in eastern India, killing 10 revellers including eight children, officials said Thursday. The mechanised fishing boat toppled on Wednesday while it was anchored near Hukitola, an island in the Mahanadi riv
The UN envoy for Yemen will hold a new round of talks with Huthi rebels and the Saudi-backed government in the coming days as the United Nations said Thursday that a ceasefire in the key port city of Hodeida was holding.
India's Supreme Court Thursday slammed authorities for their failure to rescue 15 workers trapped for 21 days in a flooded coal mine in the country's remote northeast. The so-called "rat-hole" miners have been missing since December 13 when water gushed i
Somalia on Thursday told the UN Security Council not to interfere in its national affairs after expelling a UN envoy who questioned the government's decision to arrest an al-Shabaab defector running for election. Somali Ambassador Abukar Dahir Osman did n
Venezuela's government on Thursday accused the United States and Colombia of ganging up on President Nicolas Maduro's regime in a bid to deflect attention from their "failed anti-drugs policies."
Five members of the Nigerian air force were killed when a helicopter crashed as Boko Haram militants ambushed a military base in northeastern Nigeria, a spokesman said Thursday. Air force spokesman Ibikunle Daramola said the five crew members had died whe
Emmanuel Macron's main speechwriter and top media advisor is to leave the French president's team at the end of the month, he told AFP, citing family reasons. Sylvain Fort, an expert in opera music who once ran his own PR agency, was a key member of Macro
The Committee to Protect Journalists on Wednesday called on Bangladeshi authorities to immediately release Hedait Hossain Molla, a reporter who was arrested in Khulna day earlier in relation to his election coverage, according to news reports.
Copper prices dropped to their lowest in 1-1/2 years on Thursday after Apple blamed slowing iPhone sales on China, reinforcing expectations of slowing economic and demand growth in the top consumer of industrial metals. Benchmark copper on the London Meta
US oil and gas executives' outlook turned negative for the first time since the low point of the last oil bust, according to results of a survey released on Thursday by the Federal Reserve Bank of Dallas. A survey of executive sentiment fell to -10 from 4