European wheat prices edged lower in thin trade on Wednesday, marking a pause in the rebound that started last week, with an absence of new fundamental news leaving little to drive the market. The fall was limited by a sharp rise on US markets where price
China's iron ore futures plunged nearly 6 percent on Wednesday, their biggest intraday fall in three months, on expectation of higher supply as Vale SA is set to resume work at its largest iron ore mine in Minas Gerais state. The Brazilian miner said on T
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,778. The traded value of Metals, Energy and COTS/FX was recorded at PKR 15.003 billion and the number of lots traded 18,812. Major business was contributed by NSDQ100 a
The pound plunged on Thursday and was heading for its biggest one-day fall this year on growing fears of a "no-deal" Brexit should British lawmakers hold firm in their rejection of Prime Minister Theresa May's EU divorce deal.
Emerging Asian currencies firmed on Thursday as the dollar weakened after the US Federal Reserve surprised markets by bringing its three-year tightening drive to an earlier than expected end. The Fed on Wednesday abandoned plans for any interest rate hike
The Australian and New Zealand dollars rallied on Thursday after upbeat domestic economic data badly wrongfooted bears betting on weakness and lengthened the odds on lower interest rates in both countries. The Aussie hit a three-week peak of $0.7169, havi
The US dollar fell sharply against a basket of major currencies on Wednesday, after the Federal Reserve held US interest rates steady and its policymakers abandoned projections for further rate hikes this year as the central bank flagged an expected slowd
The US dollar rebounded on Thursday, recouping most of the ground lost in the previous session after the Federal Reserve jolted markets by abandoning all plans to raise rates this year, a signal its three-year campaign to normalize policy might be at an e
Norway's crown surged on Thursday after the central bank raised interest rates and signalled more tightening would come as the domestic economy strengthened. The relatively hawkish stance, which was expected, contrasted with the dovish shift undertaken by
The dollar nursed losses in Asia on Thursday after the Federal Reserve roiled markets by abandoning all plans to raise rates this year, a signal its three-year campaign to normalise policy might be at an end. Investors rushed to price in the prospect of r
Petra Kvitova and Karolina Pliskova will snub the Fed Cup playoffs against Canada in April, raising the chances of holders the Czech Republic being relegated from the World Group, the team said Thursday. World number two Kvitova and seventh-ranked Pliskov
Top seeded and Pakistan No. 3 Rushna Mehboob moved to the second round after registering victories against their respective rivals in the ongoing National Bank of Khyber Women Squash Championship being played here at PAF Hashim Khan Squash Complex on Thur
Cristiano Ronaldo's Juventus will play the pre-season International Champions Cup in Asia and not in the United States amid the Portugal star's rape investigation there, the New York Times has reported. Most of the matches take place in the United States
Pakistan coach Mickey Arthur is confident new players will grab the opportunity to fill a few available places for the ICC Cricket World Cup 2019 through the five-match ODI series against Australia starting in Sharjah on 22 March, Friday (today). Pakistan
The French Open announced an 8% increase to its prize money for the 2019 tournament on Thursday, with the men's and women's singles winners to take home 2.3 million euros ($2.62 million). Roland Garros remains the Grand Slam event with the least prize mon
Japanese hit king Ichiro Suzuki announced his retirement Thursday, calling time on a record-breaking career that saw him shatter a host of Major League Baseball milestones. The 45-year-old called it quits for the Seattle Mariners after an emotional two-ga
Australian skipper Aaron Finch hopes his team carry the momentum of a series win in India to their five-match series against Pakistan starting in Sharjah from Friday. The Pakistan series is the last chance for Australia to fill any gapes before they defen
Sindh Chief Minister Syed Murad Ali Shah in recognition of Lyari's Children Football team, under 10 and 12, has announced a Rs100,000 cash award for each and every player who participated in Qatar football tournament and won. He also announced to develop
Strong Collagen Karachi and Sindh will clash in the final of the Women Throw Ball Championship while in the Male Khyber Pakhtunkhwa and Punjab reached to the semi-final on the third day of the National Throw Ball Women and Men Championship being played he
The International Monetary Fund on Thursday said the US economic outlook remained "strong," a day after the Federal Reserve trimmed its median growth forecasts for the year. "We believe the outlook for the US economy is strong with historically low unempl
The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to still strong labour market conditions, though the pace of job growth has slowed after last year's robust gains.
Morgan Stanley brought in the most revenue from commodities of any of the major investment banks in 2018, data from analytics firm Coalition showed on Thursday. The bank beat rival JPMorgan into second place and Citibank and Goldman Sachs into joint third
Facebook on Thursday admitted that millions of passwords were stored in plain text on its internal servers, a security slip that left them readable by the social networking platform's employees. "To be clear, these passwords were never visible to anyone o
The Bank of England kept interest rates steady on Thursday and said most businesses felt as ready as they could be for a no-deal Brexit that would likely hammer economic growth and jobs. The BoE said its nine rate-setters voted unanimously to keep interes
Australia's jobless rate fell to a near eight-year low in February as a bumper run in employment extended, sending the local dollar sharply higher on expectations the country's central bank won't cut interest rates any time soon.
Turkey took another step to boost consumption and its lira in the face of recession by extending on Thursday the deadline for tax cuts on cars and other goods, and raising the withholding tax on some foreign currency deposits. Ankara had imposed the tax c
Iran's supreme leader Ayatollah Ali Khamenei on Thursday dismissed a trade mechanism launched by European countries to bypass renewed US sanctions as a "bitter joke" and said Europe could not be trusted. "This financial channel they recently set up resemb
Senior US officials will visit Beijing for a new round of trade war talks on March 28-29, followed by a trip to the United States by China's top negotiator in April, the Chinese commerce ministry said Thursday. The back-to-back trips come as Washington an
Britain's FTSE 100 rose on Thursday, buoyed by oil stocks and miners, as investors cheered the US Federal Reserve halting policy tightening, while results-driven slumps in engineering firm Renishaw and trading platform IG dented the midcap index. The FTSE
Most Southeast Asian stock markets rose on Thursday after the US Federal Reserve abandoned rate hike projections for this year, while concerns over Sino-US trade talks and slowing global growth weighed on the market. Having downgraded their US growth, une
Hong Kong stocks ended lower on Thursday, pressured by tech firms, as concerns about Sino-US trade talks lingered. The Hang Seng index fell 0.9 percent to 29,071.56, while the China Enterprises Index lost 0.7 percent to 11,544.09.
European stock markets fell on Thursday as fears over economic growth and the impact on banks of an accommodative policy message from the US Federal Reserve outweighed any broader lift from its abandoning of further interest rate hikes this year.
Shanghai stocks edged higher on Thursday, after the US Federal Reserve took a more accommodative stance at its policy meeting. The blue-chip CSI300 index was unchanged at 3,836.89 points, while the Shanghai Composite Index closed up 0.3 percent at 3,101.4
Australian shares ended relatively flat on Thursday with strong gains in mining stocks offsetting losses in financials hit by the US Federal Reserve's decision to abandon further rate hikes in 2019. Paring losses just before the bell, the S&P/ASX 200 inde
US Treasuries rallied on Wednesday, taking the benchmark 10-year yield to a 14-month low, after the Federal Reserve said it would hold interest rates steady and its policymakers abandoned projections for further rate hikes this year while flagging an expe
US Treasuries rallied on Wednesday, taking the benchmark 10-year yield to a 14-month low, after the Federal Reserve said it would hold interest rates steady and its policymakers abandoned projections for further rate hikes this year while flagging an expe
The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the US Federal Reserve affirmed a dovish monetary policy stance. While all three major US stock indexes briefly reversed earlier lo
A tech rally led by Apple Inc pushed Wall Street's main indexes higher on Thursday, offseting losses in US lenders after the Federal Reserve decided not to raise interest rates this year. In a big shift to their outlook, policymakers said the Fed's benchm
All of Saudi Arabia's banks rose on Thursday, lifting its stock exchange to a near-four year high following its inclusion in the FTSE Russell's emerging-market index this week. Saudi's Tadawul index will have a weighting of 2.9 percent in the FTSE Emergin
Germany's 10-year bond yield hurtled towards zero percent on Thursday, dropping to its lowest since late 2016, a day after the US Federal Reserve abandoned its projections for any rate rises this year given signs of an economic slowdown. The Fed also said
Germany's 10-year bond yield hurtled towards zero percent on Thursday, dropping to its lowest since late 2016, a day after the US Federal Reserve abandoned its projections for any rate rises this year given signs of an economic slowdown. The Fed also said
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
The rupee hit new lows against the dollar on the money market on Thursday amid strong demand for the US currency, dealers said. Commenting on the surging demand for dollars, some leading marketmen observed that demand for dollars increased on the inter-ba
The rupee hit new lows against the dollar on the money market on Thursday amid strong demand for the US currency, dealers said. Commenting on the surging demand for dollars, some leading marketmen observed that demand for dollars increased on the inter-ba