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Exchange

Shanghai copper rises
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
Copper hits two-week trough as China growth worries resurface
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
Rubber tumbles
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
Palm oil drops
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
Cocoa sinks to eight-month low
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
China sets yuan currency level near five-year low
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
Tokyo stocks fall for third day
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
Southeast Asian stocks mixed
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
China woes hit Asia FX; won slumps
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 notes: exchange rates
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).

Published 06 Jan, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

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
Published 06 Jan, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

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
Published 06 Jan, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,492 million. The number of lots traded was 32.07 million. PMEX Commodity Index closed at 2,521. Major business was contributed by gold amounting to PKR 6,205 million followed by cru
Published 06 Jan, 2016 12:00am
Shanghai copper climbs
Exchange

Shanghai copper climbs

Shanghai Futures Exchange copper trimmed small losses to climb 1.2 percent to 36,590 yuan ($5,612) a tonne on Tuesday, having shown more resilience on Monday, hitting only a three-session low. Chinese shares regained some footing after a rout the session
Published 06 Jan, 2016 12:00am
Copper recovers as China battles to shore up equities
Currency

Copper recovers as China battles to shore up equities

Copper bounced on Tuesday as China pumped in an estimated $20 billion to stabilise its equity and currency markets, though worries over slowing demand in the world's top metals user kept gains firmly in check. China stocks ended higher thanks to the huge
Published 06 Jan, 2016 12:00am
Rubber falls
Exchange

Rubber falls

Benchmark Tokyo rubber futures fell to their lowest in nearly seven years on Tuesday as investors continued to sell amid worries about shaky stock markets in China and Japan and renewed concerns over softening demand in top buyer China. The Tokyo Commodit
Published 06 Jan, 2016 12:00am
Palm oil recovers
Exchange

Palm oil recovers

Malaysian palm oil futures staged a turnaround on Tuesday, reversing earlier losses, after traders forecast sharp falls in December output. The benchmark palm oil contract for March on the Bursa Malaysia Derivatives Exchange ended the trading day 0.7 perc
Published 06 Jan, 2016 12:00am
CEE factory output grows steadily, unfazed by China worries
Exchange

CEE factory output grows steadily, unfazed by China worries

Factory output in central and eastern Europe grew steadily in December despite worries over China's slowing growth, data showed on Monday, with the region benefiting from lower oil prices and rising demand from the euro zone, its main trade partner. The m
Published 06 Jan, 2016 12:00am
US lawsuit turns up heat on Volkswagen
Exchange

US lawsuit turns up heat on Volkswagen

The decision by the US government to sue Volkswagen over the massive pollution-cheating scandal turned up the heat on the former paragon of German industry on Tuesday and fuelled speculation about how much the affair will finally cost the embattled auto g
Published 06 Jan, 2016 12:00am
France's Orange, Bouygues in telecoms tie-up talks
Exchange

France's Orange, Bouygues in telecoms tie-up talks

France's telecommunications giant Orange is in talks to buy its smaller rival Bouygues Telecom, both companies said Tuesday, a move that would consolidate one of Europe's most competitive telecoms marketplaces. Orange, which is 20-percent owned by the Fre
Published 06 Jan, 2016 12:00am
Wall Street begins year sharply lower after China selloff
Exchange

Wall Street begins year sharply lower after China selloff

US stocks began 2016 sharply lower on Monday, with the Dow marking its worst start to a year since 2008, after weak Chinese economic data fanned fears of a global slowdown. Indexes partly recovered late in the session, following a turnaround in oil prices
Published 06 Jan, 2016 12:00am
China stock indexes close mixed
Currency

China stock indexes close mixed

China stocks closed mixed on Tuesday in volatile trade, with indexes swinging into and out of negative territory as government support measures struggled for traction in afternoon trade. The CSI300 index of the largest listed companies in Shanghai and She
Published 06 Jan, 2016 12:00am
Australia and New Zealand shares stumble
Exchange

Australia and New Zealand shares stumble

Australian shares extended falls to drop 1.6 percent on Tuesday as traders played catch-up to a major sell-off in Chinese stocks the previous day, which sent shockwaves around the globe. A semblance of calm returned to Chinese stocks on Tuesday with the C
Published 06 Jan, 2016 12:00am
Southeast Asian markets: Thai index at two-year low
Exchange

Southeast Asian markets: Thai index at two-year low

Most Southeast Asian stock markets fell on Tuesday, with the Philippines reflecting little change after the central bank's guidance on monetary policy, while the Thai index hit a two-year low amid foreign-led selling and losses in telecom shares. Philippi
Published 06 Jan, 2016 12:00am
Most emerging Asian currencies rebound
Currency

Most emerging Asian currencies rebound

Most emerging Asian currencies rebounded on Tuesday as China took steps to restore calm, including through suspected currency market intervention, after a plunge in China's share markets the previous day forced emerging market investors into retreat. Stro
Published 06 Jan, 2016 12:00am