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
Most Middle Eastern stock markets closed higher on Tuesday, reflecting market optimism that US-China trade tensions could ease and stimulus measures by major economies to counter a possible global economic slowdown.
Tokyo stocks closed higher for a third straight session on Tuesday, taking a positive lead from bullish trade on Wall Street. The benchmark Nikkei 225 index moved up 0.55 percent, or 114.06 points, to end at 20,677.22, while the broader Topix index climbe
Wall Street's main indexes edged lower on Tuesday after three sessions of gains, as lower Treasury yields weighed on financial stocks, offsetting a boost from Home Depot's better-than-expected quarterly earnings.
US stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.
Indian shares settled lower on Tuesday, led by a fall in financial and consumer stocks with Yes Bank Ltd closing at its lowest in over six years. The broader NSE index closed 0.33% lower at 11,017, while the benchmark BSE index finished down 0.2% at 37,32
US Treasury yields rose on Monday after the Treasury Department late on Friday said it was gauging market interest in ultra-long-dated debt, and as risk sentiment improved. The Treasury said it wants to "refresh its understanding of market appetite" for 5
US Treasury yields rose on Monday after the Treasury Department late on Friday said it was gauging market interest in ultra-long-dated debt, and as risk sentiment improved. The Treasury said it wants to "refresh its understanding of market appetite" for 5
Australian shares ended a second session with robust gains on Tuesday, as hopes for more stimulus measures from China and Germany eased worries about an impending global recession. The S&P/ASX 200 index rallied 1.2% to 6,545.00 at the close, adding to the
China stocks ended slightly lower on Tuesday as investors took a breather following a strong rally in the previous session and pondered the extent and impact of Beijing's interest rate reform. The blue-chip CSI300 index fell 0.1%, to 3,787.73, while the S
European shares fell on Tuesday after two sessions of robust gains as optimism over hopes of stimulus in major economies waned and investors awaited more guidance from central banks. Concerns about Italy's government further dented sentiment, though Itali
Hong Kong stocks ended lower on Tuesday as investors locked in profit after a four-day winning streak following Beijing's interest rate reform, which boosted riskier assets and tempered recession fears. The Hang Seng index ended down 0.2% at 26,231.54, wh
Singapore and Malaysian stocks rose on Tuesday, in line with broader Asia as stimulus proposals in major economies muted recession fears, while Thai shares retreated as the government cut its 2019 economic growth forecast. Hopes gathered momentum that glo
London's main index ended firmly in the red on Tuesday after new US-China trade jitters and political instability in Italy took down heavyweight firms across sectors, while exporter stocks dipped as the pound gained after German Chancellor Angela Merkel's
Chinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue on Tuesday thanks to strong traffic growth, though it also announced a huge drop in net profit. The Beijing-based search leader said its total r
Chinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue on Tuesday thanks to strong traffic growth, though it also announced a huge drop in net profit. The Beijing-based search leader said its total r
A strong Thai baht and a slowdown in arrivals from China are battering the kingdom's moneymaking tourism machine even as the country hopes to welcome a record 40 million visitors by the end of the year. Most travellers to Thailand are from China and other
Uzbekistan lifted remaining currency controls on Tuesday, allowing citizens to purchase foreign cash for the first time as the Central Asian country seeks to attract foreign investment. The country of 32 million people has looked to diversify its economy
Sony Interactive Entertainment on Monday announced a deal to buy Insomniac Games, the studio behind hot-selling "Spider-Man" and "Ratchet & Clank" video games. Sony did not disclose financial terms of the acquisition that will add Insomniac to its stable
Britain's economy is slightly larger than previously thought, according to new official estimates published on Tuesday that take into account new methodology and data. The Office for National Statistics added around 26 billion pounds ($31 billion) to the
President Donald Trump on Tuesday said his administration was looking to cut US taxes, but he was not talking about doing anything at this moment. Trump added that he was always looking at a payroll tax cut, and that a lot of people would like to see it.
US banking regulators on Tuesday approved changes easing a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account, giving Wall Street one of its biggest wins under the Trump administration. The Office of the
BHP, the world's biggest miner, more than doubled its annual net profit Tuesday on the back of higher iron ore prices and a rebound from significant setbacks the previous year. The resources giant posted a US$8.3 billion profit for the year to June 30, up
BHP, the world's biggest miner, more than doubled its annual net profit Tuesday on the back of higher iron ore prices and a rebound from significant setbacks the previous year. The resources giant posted a US$8.3 billion profit for the year to June 30, up
China lowered its new lending reference rate slightly on Tuesday, as expected, as the central bank kicked off interest rate reforms designed to reduce corporate borrowing costs in the world's second-largest economy. But the tiny reduction in the revamped
Serena Williams announced Tuesday she will warm-up for January's Australian Open at the Auckland Classic, a tournament that has mixed memories for the American superstar. Williams slumped to a shock second-round loss in her only previous appearance in New
Andy Murray on Monday fell in the first round of the ATP Winston-Salem Open, where the three-time Grand Slam champion was giving his surgically repaired hip just its second test in singles. Britain's Murray, who feared in January that his hip trouble woul
Australia's star batsman Steve Smith has been ruled out of the third Ashes Test beginning on Thursday after suffering concussion, Cricket Australia announced Tuesday. The 30-year-old - who has scored two centuries and 92 in his three innings in the first
The Court of Arbitration for Sport said on Tuesday it was postponing its hearing on the decision by FINA, the governing body of swimming, to clear Chinese star Sun Yang of doping. Triple Olympic champion Sun Yang was accused of smashing a blood vial with
Lee Duck-hee became the first deaf player to win an ATP match on Monday, making a statement with a straight-sets win over Henri Laaksonen in Winston-Salem. "People made fun of me for my disability. They told me I shouldn't be playing," the 21-year-old Sou
Pakistan Cricket Board (PCB)'s pre-season cricket training-camp was started here at the National Cricket Academy (NCA) under the supervision of former Pakistan captain Misbah-ul-Haq on Tuesday. Misbah-ul-Haq apprised the cricketers about objectives of the
Manchester United said they "utterly condemn" the racist abuse their World Cup-winning midfielder Paul Pogba received after he missed a penalty in the 1-1 draw with Wolverhampton Wanderers on Monday. The 26-year-old Frenchman has missed four penalties sin
Egypt and Liverpool star Mohamed Salah has reignited heated views about a sexual harassment scandal involving his national team-mate Amr Warda in a CNN interview which aired Monday. After Salah sent controversial tweets that demanded the disgraced Warda b
The dollar hovered near a three-week high on Tuesday, as expectations policymakers around the world would unleash fresh stimulus drove an improvement in appetite for riskier assets and lifted US government bond yields. Yields on benchmark US Treasuries pu
The euro hovered near a two-week low against the dollar on Tuesday as higher Treasury yields the day before boosted the US currency. Political uncertainty in Italy also held the euro back. Yields on US benchmark 10-year government bonds pulled away from t
The dollar traded lower on Tuesday, in line with the drop in Treasury yields, as investors braced for a potentially dovish Federal Reserve at a Jackson Hole, Wyoming, gathering later this week, with many expecting an announcement of some measure that woul
The safe-haven yen and Swiss franc retreated against the dollar on Monday, as risk sentiment improved after a week of turmoil on hopes major central banks would launch fresh stimulus measures to lift their sluggish economies. The Japanese currency fell fo
Sri Lankan rupee ended 0.4% weaker on Tuesday at 178.00/05 per dollar, compared to Monday's close of 177.30/50 as investors waited for more clarity on the political front.
The Turkish lira hit its weakest level against the dollar in nearly a month on Tuesday after the central bank reduced the required reserves ratio for banks with loan growth rates above 10% in a move investors saw encouraging increased lending.
Most emerging Asian currencies declined on Tuesday, as the dollar firmed on hopes for fresh stimulus from global policymakers while the yuan, a bellwether for regional peers, weakened.
The Australian dollar inched higher on Tuesday as investors pared wagers on another early cut in domestic interest rates, while increasing speculation of fiscal stimulus globally aided risk appetite. The move was modest, with the Aussie creeping up to $0.
Sterling briefly rebounded from near three-year lows versus the euro on Tuesday after German Chancellor Angela Merkel said the European Union would think about practical solutions regarding the post-Brexit Irish border.
Rains last week in most of Ivory Coast's cocoa growing regions were below average but dew and good soil moisture content augured well for the next October-to-March main crop, farmers told Reuters on Monday. The April-to-September mid-crop is tailing off,
On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,082. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.876 billion and the numbers of lots traded were 7,618. Major business was contributed by Gold amo
Prices of Russian wheat exports fell last week after a higher than expected US Department of Agriculture (USDA) estimate of this year's US corn crop caused a sharp slide in Chicago grain futures, a global benchmark for the market, analysts said. Black Sea
Chicago Board of Trade soyabean futures closed lower on Monday after beneficial rains crossed the US Midwest crop belt over the weekend, bolstering prospects for the 2019 soya harvest, traders said. CBOT November soyabeans settled down 13-1/4 cents at $8.
US natural gas futures settled slightly higher on Monday, having earlier fallen as much as 3% on expectations of higher gas production and cooler temperatures, as ongoing hot weather lifted prices. Front-month gas futures gained 1 cent, or 0.5%, to settle
The Karachi Port handled 128,118 tonnes of cargo comprising 94,343 tonnes of import cargo and 33,775 tonnes of export cargo including 2,624 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 94
Persistent buying of fine cotton, helped the rates to maintain present levels on the cotton market on Tuesday, dealers said. The official spot rate did not move any side at Rs 7800, they added. In ready session, over 11000 bales of cotton changed hands be
ICE Canadian canola futures dipped on Monday, dragged lower by sliding soyabean and corn prices that were weaker due to much-needed rains crossing dry areas of the US Midwest. Canola's losses were more modest than those of soyabeans and soyaoil, as strong
Chicago Board of Trade wheat futures closed lower on Monday on spillover pressure from declines in corn and soyabean futures, traders said. CBOT December soft red winter wheat settled down 5 cents at $4.72-1/2 per bushel. K.C. December hard red winter whe
South Korea said Tuesday it would issue fines and file criminal complaints against Volkswagen and and its luxury arm, Porsche, for installing "illicit devices" that helped multiple diesel vehicles cheat pollution standards. The environment ministry said o
Russia and China warned Tuesday that a new US missile test had heightened military tensions and risked sparking an arms race, weeks after Washington ripped up a Cold War-era weapons pact with Moscow. The US and Russia ditched the Intermediate-Range Nuclea
A hijacker armed with what turned out to be a toy gun was shot dead by police in Rio de Janeiro on Tuesday after he held a busload of passengers hostage for several hours on a major bridge in peak-hour traffic. Dozens of people were trapped on the public
Italian Prime Minister Giuseppe Conte said Tuesday he would resign, lashing out at far-right Interior Minister Matteo Salvini for pursuing his own interests by pulling the plug on the government coalition. The move leaves the eurozone's third largest econ
US President Donald Trump expressed support Tuesday for Russia's return to the G8, saying it would be "much more appropriate" for Moscow to be in the club of world powers. "I could certainly" support that, he told reporters at the White House, just days b
The White House on Tuesday accused China of "bullying tactics" in the increasingly tense waters of the South China Sea and said it would resist Beijing on the dispute. "China's recent escalation of efforts to intimidate others out of developing resources
China's Syria envoy said Tuesday that "terrorist organisations" including the Islamic State group are being revived in the war-ravaged country, urging the international community not to ignore the "early warning" signs. Xie Xiaoyan, Beijing's pointman for
Spain on Tuesday deployed a naval patrol boat to pick up migrants on a charity rescue boat that has been stranded off Italy's Lampedusa island for days as Rome refuses it access, after several people jumped overboard in a bid to swim ashore. The Audaz, wi
Jihadists and allied rebels withdrew from a key area of northwestern Syria Tuesday, a war monitor said, as President Bashar al-Assad's forces pressed an offensive against the jihadist-run Idlib region. Turkey warned Damascus "not to play with fire" after
The US State Department announced Tuesday that senior diplomat Zalmay Khalilzad is heading back to Qatar for more talks with the Taliban, as signs of a possible Afghanistan peace deal emerge. Khalilzad was to leave the United States on Tuesday for Doha, a
An international arms dealer was sentenced to 30 years in prison by a Los Angeles federal court Monday for conspiring to sell surface-to-air missiles to Libyan militants and other customers in the Middle East. The trafficking operation run by Rami Najm As
US Secretary of State Mike Pompeo expressed displeasure Tuesday about North Korea's series of missile tests, but said he wants to resume negotiations on denuclearization with Pyongyang. In an interview with CBS, the chief US diplomat noted the six tests o
The Islamic State group remains a threat in Syria and Iraq, and in some areas has even gained power despite the elimination of their "caliphate", US Secretary of State Mike Pompeo said Tuesday. "There are places where ISIS is more powerful today than they
ICE cotton futures inched down on Tuesday after falling 1% in the previous session, as lack of demand for the natural fiber weighed on the market despite declining US crop ratings.
Copper prices fell on Tuesday as the market focused on prospects for weaker demand in top consumer China, where activity in the manufacturing sector has deteriorated due to the prolonged US-China trade dispute. Benchmark copper on the London Metal Exchang
Oil prices steadied on Tuesday on optimism US-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand. Brent crude settled 29 cents
Tokyo Commodity Exchange (TOCOM) futures extended losses from early trade on Tuesday, as major producers end curbing exports. The benchmark TOCOM rubber contract for January delivery finished 1.9 yen ($0.0179) lower at 171 yen per kg. The most-active rubb