Exchange

Shanghai copper rises

Shanghai Futures Exchange copper rose 0.3 percent to 36,240 yuan ($5,557) a tonne on Wednesday as sentiment remained shaky after data showed slower service sector growth in top consumer China, following on from a contraction in factory activity and a stee

Published 07 Jan, 2016 12:00am

Exchange

Copper hits two-week trough as China growth worries resurface

Copper hit a two-week low on Wednesday as a weak yuan and poor Chinese services data fanned fears over slowing growth in a market still reeling from weak China factory activity and a Shanghai equities sell-off earlier this week. China's services sector ex

Published 07 Jan, 2016 12:00am

Exchange

Crude oil slides by five percent as gasoline spike paints bleak outlook

Crude oil prices were more than 5 percent lower on Wednesday after tumbling below $35 per barrel for the first time since 2004, as a sharp rise in US gasoline stocks reinforced a bleak picture that the market was awash with plenty of oil. US government da

Published 07 Jan, 2016 12:00am

Exchange

Rubber tumbles

Benchmark Tokyo rubber futures fell to a fresh 7-year low on Wednesday as weak economic data in top buyer China sparked a flurry of sells and the yen jumped to a near 3-month high against the dollar after a possible nuclear test in North Korea. The Tokyo

Published 07 Jan, 2016 12:00am

Exchange

Palm oil drops

Malaysian palm oil futures fell on Wednesday, largely because of weak demand from major importer China. The benchmark palm oil contract for March on the Bursa Malaysia Derivatives Exchange rose slightly before ending the day 0.2 percent lower at 2,448 rin

Published 07 Jan, 2016 12:00am

Exchange

Cocoa sinks to eight-month low

New York cocoa futures on ICE extended losses in heavy volume on Wednesday, falling below $3,000 per tonne for the first time in eight months in their biggest three-day slump in more than a year as speculators sold amid a weak macroeconomic picture. Raw s

Published 07 Jan, 2016 12:00am

Currency

China sets yuan currency level near five-year low

China's central bank on Wednesday set the value of the yuan currency against the US dollar at its lowest since April 2011, according to the national foreign exchange market, raising worries over the health of the world's second-largest economy. The People

Published 07 Jan, 2016 12:00am

Currency

Tokyo stocks fall for third day

Tokyo stocks closed lower for a third straight session Wednesday as exporters were hit by a strong yen after North Korea said it carried out a hydrogen bomb test, compounding worries about China's economy and Middle East tensions. The Japanese market had

Published 07 Jan, 2016 12:00am

Exchange

Southeast Asian stocks mixed

Southeast Asian stock markets were mixed on Wednesday, with Indonesia extending gains for a second day after fuel price cuts and lower interest rate outlook, while Singapore hit a more than three-month low, led by energy-related stocks. The Jakarta compos

Published 07 Jan, 2016 12:00am

Currency

China woes hit Asia FX; won slumps

South Korea's won on Wednesday slumped to its weakest in more than three months as North Korea said it had successfully conducted a test of a miniaturised hydrogen nuclear device. Most emerging Asian currencies, including the won, were already falling in

Published 07 Jan, 2016 12:00am

Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (January 05, 2016).