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
Saudi Arabia's stock market fell sharply on Thursday as banks and petrochemical shares dropped amid falling oil prices, while Egypt's blue-chip index closed higher. Saudi's index dropped 1.4% with 10 of its 11 banks trading lower. Al Rajhi Bank shed 1.7%
Tokyo shares closed lower on Thursday with key high-tech shares hit as US-China trade and tech disputes intensified. The benchmark Nikkei 225 index fell 0.62 percent, or 132.23 points, to 21,151.14, while the broader Topix index slipped 0.36 percent, or 5
US stock indexes slumped 2 percent on Thursday, as investors dumped technology, industrial and energy stocks on fears that a spiraling trade war between the United States and China would shackle global growth. Technology, among sectors most exposed to Chi
Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. A day after Washington's temporary easing of curbs against Huawei Technology Co Ltd provided respite to US stocks
US Treasury yields fell on Wednesday, pressured by worsening trade tensions between the United States and China after a media report said the Trump government is considering limits to Chinese video surveillance firm Hikvision's ability to buy American tec
US Treasury yields fell on Wednesday, pressured by worsening trade tensions between the United States and China after a media report said the Trump government is considering limits to Chinese video surveillance firm Hikvision's ability to buy American tec
Australian shares ended lower on Thursday, ending six straight sessions of gains, as global stocks slipped on concerns U.S-China trade frictions were spilling into the technology sector. The S&P/ASX 200 index fell 0.3% or 18.90 points to 6,491.80. The ben
Indian stocks jumped to record highs Thursday as early results in the world's biggest election showed Prime Minister Narendra Modi on course for a second term.
China's blue-chip stock index dropped to a three-month closing low on Thursday, as investors dumped technology shares amid worries a growing number of Chinese firms in the hi-tech sector could bear the brunt of an escalating trade war with the United Stat
European shares sank on Thursday as the latest round of US-China trade friction and a soft set of business surveys sapped investors' risk appetite, while pressure on British Prime Minister Theresa to quit added to Brexit concerns.
Most Southeast Asian stock markets closed lower on Thursday as an intensifying battle over technology added to the simmering trade tensions between the United States and China.
Heightened concerns over the course of Brexit and mounting pressure on Prime Minister Theresa May to step down weighed heavily on Britain's mid-cap index and domestically-focused blue-chip stocks on Thursday.
Sales of new US single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in economic growth was underway. But other data on T
Confidence among German business leaders was ground down to its lowest level in more than four years in May, a closely-watched survey showed Thursday, dampening the mood after tentative signs of spring optimism. The Munich-based Ifo institute said its con
Egypt has signed a deal with a Cypriot firm to lay a 310-kilometre (195-mile) cable under the Mediterranean to export electricity to Europe, the company said on Thursday. Nicosia-based EuroAfrica described the deal, worth an estimated two billion euros, a
The IMF sounded the alarm on Thursday about the escalating US-China trade war, warning it will "jeopardize" 2019 global growth, undermine confidence and raise prices for consumers. Gita Gopinath, the International Monetary Fund's chief economist, directly
Governments attending the World Health Organization's annual meeting faced mounting pressure on Thursday to adopt a resolution to improve drug price transparency, which has faced resistance from several key states. Nearly 50 civil society groups, led by t
The United States on Thursday unveiled a new $16 billion aid package to help farmers caught in the crossfire of President Donald Trump's trade war with China. Agriculture Secretary Sonny Perdue said the bulk of the funds will go to direct payments to farm
Chinese telecom giant Huawei says it could roll out its own operating system for smartphones and laptops in China by the autumn after the United States blacklisted the company, a report said Thursday. The international version of the system could be ready
The United States and China hardened their stances over Huawei Thursday as Washington brushed aside claims of "bullying" and accused the Chinese tech giant of misrepresenting its ties to the Beijing government. The world's top two economies stepped up the
Novak Djokovic can become only the second man in history to have twice held all four Grand Slam titles at the same time with victory at the French Open. However, a returning Roger Federer and rejuvenated Rafael Nadal will once again stand in his way. Worl
Australia one-day captain Aaron Finch said everything had been put in place to protect disgraced pair Steve Smith and David Warner during the World Cup in England. Former skipper Smith and fellow star batsman Warner only returned to international duty ear
India captain Virat Kohli said on Thursday it was a "big compliment" to be a target wicket for England newcomer Jofra Archer at the upcoming World Cup. Barbados-born fast bowler Archer, who has impressed in the Indian Premier League, was included in Engla
School girl An Se-Young's fairytale run came to an end as holders South Korea crashed out to Thailand in the quarter-finals of the Sudirman Cup on Thursday. Thailand will play hosts and hot favourites China in the last four of badminton's prestigious mixe
Pakistan Cricket Board (PCB) Thursday extended the scope of its Corporate Social Responsibility (CSR) as it signed a two-year partnership with Shahid Afridi Foundation (SAF), one of the prestigious charity organisations set up by an ex-cricketer. This fol
South Korea are dropping their plan for a joint women's field hockey team with the North at the 2020 Tokyo Olympics, officials said Thursday, after Pyongyang failed to co-operate. Sporting ties triggered a rapid diplomatic thaw on and around the peninsula
FIFA shelved a proposed expansion of the 2022 World Cup in Qatar to 48 teams on Wednesday, dealing a blow to the world football body's president Gianni Infantino. The 2022 tournament in the Gulf state will now be played with 32 nations taking part. FIFA s
Paris Saint-Germain chief Nasser Al-Khelaifi was on Thursday charged with corruption in the bidding process for this year's world athletics championships in Doha, judicial sources said. Al-Khelaifi, who is also the boss of Qatari television channel BeIn S
The semi-finals line up was completed when Farooq Club Azakhail village, District Nowshera recorded victory against strong rival Sohrab Club Charsadda in the last quarter-final and moved to the semi-finals of the ongoing Ramazan Floodlight Volleyball Inte
The yen advanced broadly on Thursday as persistent US-China trade fears and Brexit concerns fanned risk aversion, lifting the safe-haven Japanese currency. The yen was 0.1% firmer at 110.200 to the dollar, having pulled back from a two-week low of 110.675
The dollar hit its highest level in a month as economic and political uncertainties swept through Europe and Asia, pinning down most major currencies like the euro and the yuan. Worries over German manufacturing, the impact of a deepening trade war on Asi
The dollar hit its highest level in two years and the yen rose half a percent on Thursday as economic and political uncertainties swept through Europe and Asia, pinning down the euro and the yuan. Worries over German manufacturing, the impact of a trade w
The US dollar held near a one-month high on Wednesday after minutes from the May Federal Open Market Committee meeting showed officials agreed that their current patient approach to setting monetary policy could remain in place "for some time."
Turkey's lira weakened on Thursday on concerns over troubled US ties due to Ankara's plan to buy a Russian S-400 missile defence system, and it failed to rebound when the government unveiled a $4.9-billion package for struggling importers.
The Indian rupee gained as much as 0.4% on Thursday after early counting trends suggested a comfortable victory for Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition, setting the stage for his second term with a stronger mandate.
Sterling weakened again on Thursday as pressure mounted on Prime Minister Theresa May to name a date for her departure after a backlash over her last-ditch plans for Britain's exit from the European Union. May's final attempt to get colleagues' backing fo
Sri Lankan ended 0.2 percent firmer at 176.30/45 per dollar, compared with Wednesday's close of 176.65/80, on exporter dollar sales, market sources said. Analysts, however, expect the currency to weaken as money flows out of stocks and government securiti
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,897. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.372 billion and the number of lots traded 10,575.
Asia's naphtha intermonth spread turned negative on Wednesday for the first time since December, in a sign that supplies are outpacing demand. Front-month first-half July price for benchmark open-specification naphtha was 50 cents lower than first-half Au
The 2019-20 coffee crop in top-grower Brazil is expected to reach 59.3 million 60-kg bags, according to a report published by the US Department of Agriculture attache in Sao Paulo. While this forecast represents an 8.5% decline from the record-large 2018-
Paris wheat futures fell on Wednesday as a pause in a US rally deprived the European market of its recent driver while positive crop conditions across Europe also put pressure on prices. Front-month September milling wheat on the Paris-based Euronext exch
Chicago Board of Trade (CBOT) corn futures closed higher for an eighth straight session on Wednesday on worries that rain-stalled US planting and soggy fields would reduce production this year. Corn gains were clipped by technical selling in the overbough
China's iron ore futures jumped to a new record high on Wednesday, fuelled by a persistently bullish outlook as steel mills look to source raw material after running down stocks. The most-traded iron ore futures on the Dalian Commodity Exchange climbed as
The Karachi Port handled 101,565 tonnes of cargo comprising 69,685 tonnes of import cargo and 31,880 tonnes of export cargo including 6,380 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 6
Rates of cotton showed further increase on the local market on strong demand by small mills, dealers said on Thursday. The official spot rate was up by Rs 50 to Rs 8750, they added. In the ready session, about 6000 bales of cotton changed hands between Rs
Chicago Board of Trade (CBOT) wheat futures fell on Wednesday, pressured by technical selling and profit-taking after hitting a three-month high the previous session. CBOT July soft red winter wheat settled 6 cents lower at $4.72-3/4 per bushel. The contr
Chicago Board of Trade (CBOT) soyabeans closed higher on Wednesday in a technical-buying rebound from the previous day's declines as the market awaited details of a government farm aid package that could encourage farmers to plant more soya.
The UN envoy for Western Sahara, Horst Koehler, has resigned from his post due to health reasons, nearly two years after he took up the peacemaking mission, the United Nations said Wednesday. Koehler, a former German president, was appointed in August 201