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
The United States hopes to make "significant progress" during high-stakes trade talks with Chinese officials this week, US Treasury Secretary Steven Mnuchin said Tuesday.
Nearly 5,000 low-paid Bangladeshi garment workers stitching clothes for global brands have been sacked by factory bosses for joining strikes over wages this month that turned violent, police said Tuesday.
The world's leading luxury retailer LVMH on Tuesday posted record sales of 46.8 billion euros ($53.5 billion) in 2018, up 10 percent from the previous year as markets grew in Asia, Europe, Japan and the United States.
The United Arab Emirates said Tuesday it had filed a complaint to the World Trade Organization after Qatar banned UAE goods, the latest escalation in hostilities between the Gulf neighbours.
Syria and Iran signed 11 agreements and memoranda of understanding late Monday, including a "long-term strategic economic cooperation" deal aimed at strengthening cooperation between Damascus and one of its key allies in the civil war that has torn the co
California utility PG&E, facing billions of dollars in potential liabilities over its role in a series of deadly wildfires, filed for bankruptcy protection on Tuesday. The company, the largest utility in America's most populous state, has been under inten
The EU approved on Tuesday the import of US soya beans for use as biofuels, a gesture that helps strengthen a fragile trade truce with US President Donald Trump. Caught in a trade spat, Trump and European Commission head Jean-Claude Juncker agreed to bury
German software giant SAP said Tuesday it would slash 4,400 jobs in a billion-euro restructuring plan after profits stagnated in 2018, while insisting it was on track to grow revenues and earnings this year.
US consumer confidence fell to a 1-1/2 years low in January as a partial shutdown of the government and financial markets turmoil left households a bit nervous about the economy's prospects.
Carolina Garcia, France's highest-ranked player, has been called up for next week's Fed Cup tie against Belgium after a two-year absence from the competition. World number 19 Garcia was selected on Tuesday alongside Kristina Mladenovic and Alize Cornet, t
Uncapped right arm fast bowler Chamika Karunaratne has been picked by Sri Lanka to replace injured Lahiru Kumara in the Test squad as the visitors bid to level the series in Canberra. Australia thrashed Sri Lanka by an innings and 40 runs in the first Tes
he International Cricket Council has urged Sri Lanka's scandal-ridden sporting community to come forward with information about corruption before an amnesty expires or risk expulsion from the game. Sri Lankan cricket has been mired in corruption allegatio
Hosts Australia will take on Pakistan's men and India's women for the opening fixtures of the Twenty20 World Cups in 2020, organisers said Tuesday as the draw for the tournaments was announced.
Bayern Munich forward Sandro Wagner is on the verge of joining Chinese club Tianjin Teda, according to German media reports on Tuesday. The 31-year-old former Germany international has started just once for the Bundesliga champions this season and failed
Superstar Dutch winger Arjen Robben is lining up a move to J-League outfit FC Tokyo after he leaves Bundesliga giants Bayern Munich, local media reported on Tuesday. The 35-year-old has already confirmed he is leaving Bayern at the end of the season after
Pakistan cricket captain Sarfraz Ahmed vowed Tuesday to be a better player as he returned home after being handed a four-match ban for a racial slur against a South African player in Durban last week. Suspend
Former world number one Victoria Azarenka set up a second-round clash with Australian Open runner-up Petra Kvitova in St Petersburg on Tuesday with a straight-sets win over Margarita Gasparyan. The Belarusian, who was dumped out in the first round at Melb
Qatar punished unwelcoming hosts United Arab Emirates 4-0 in a politically charged clash marred by disgraceful crowd behaviour on Tuesday to reach their first Asian Cup final. The Qataris, whose national anthem was drowned by boos before the game, face Ja
Andy Murray has undergone hip resurfacing surgery in London, the British tennis great told his Instagram followers on Tuesday. The two-time Wimbledon champion had been weighing up the pros and cons of the operation, which involves putting a metal plate in
South Africa captain Faf du Plessis picked hosts England and 2011 champions India as the title favourites for this year's Cricket World Cup and said his side will go into the tournament with lowered expectations, which could work to their advantage.
The yen strengthened versus its peers on Tuesday, as investors took refuge in safe-haven assets after the US Justice Department charged China's Huawei Technologies Co Ltd with fraud, ratcheting up US-Sino trade tensions. The United States on Monday charge
The euro settled at a two-week high on Tuesday, moving in tiny ranges, as large derivatives market positions discouraged traders from taking large bets in an event-filled week. Trade tensions between the United States and China escalated overnight after U
Sterling rose on Tuesday before British lawmakers were scheduled to vote on whether to take a proposal off the table to leave the European Union without a deal, while the US dollar was little changed ahead of a Federal Reserve two-year policy meeting. The
The dollar was little changed against a basket of currencies on Monday as traders were cautious about staking new positions ahead of the Federal Reserve's two-day policy meeting and trade talks between China and the United States. Safe-haven demand for th
The Australian dollar wobbled on Tuesday as a surprisingly weak reading of business activity stoked speculation interest rates might have to be cut this year to insulate the economy from threats at home and abroad.
Most emerging Asian currencies weakened on Tuesday as the prospects for progress at high-level US-China trade talks this week were hurt by Washington's placement of criminal charges against China's Huawei Technologies Co.
Sterling zipped higher on Tuesday, reversing early losses after the speaker of the British parliament chose amendments to be voted on by lawmakers, including one that would effectively take a no-deal Brexit off the table.
On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,634. The traded value of Metals, Energy and COTS/FX was recorded at PKR 9.903 billion and the number of lots traded 19,646. Major business was contributed by NSDQ100 PKR 4
Chicago Board of Trade soyabean futures closed modestly lower on Monday on forecasts for improving South American crop weather, traders said, including welcome rains in Brazil and drier conditions in parts of Argentina. Broad declines in commodities inclu
Russian wheat export prices rose last week due to stronger rouble currency and seasonally lower supply, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content and for delivery in February were $245 a tonne free on bo
Chicago Board of Trade wheat futures edged lower on Monday for a third straight session on technical selling and broad weakness in the commodity sector, traders said. CBOT March soft red winter wheat settled down 1-1/4 cents at $5.18-3/4 per bushel. K.C.
Rainfall was below average last week in most of Ivory Coast's cocoa regions but good soil moisture content helped the development of the April-to-September mid-crop, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is in the dry season
The Karachi Port handled 119,637 tonnes of cargo comprising 97,378 tonnes of import cargo and 22,259 tonnes of export cargo including 5,325 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Mills showed interest in fresh buying of cotton on the market on Tuesday to replenish their stock, dealers said. The official spot rate was unchanged at Rs 8,700, they added. In the ready session, about 8000 bales of cotton changed hands between Rs 7800-8