Cotton prices came under pressure this week in the domestic market due to several reasons. Mills are facing slow demand of yarn while cost of doing business has gone up. Particularly, the All Pakistan Textile Mills Association (APTMA) has sent an urgent m
With depleting stocks from the current season (August 2014/July 2015) leaving only 125,000 to 150,000 unsold bales in the market, lint prices were firm to steady this week. Despite weaker advices from New York and India, domestic cotton prices were mostly
With depleting stocks from the current season (August 2014/July 2015) leaving only 125,000 to 150,000 unsold bales in the market, lint prices were firm to steady this week. Despite weaker advices from New York and India, domestic cotton prices were mostly
US and British regulators fined six major global banks nearly $6 billion Wednesday for rigging the foreign exchange market and Libor interest rates. The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal
US and British regulators fined six major global banks nearly $6 billion Wednesday for rigging the foreign exchange market and Libor interest rates. The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal
Residents of the Colombian town hit by a massive landslide began a difficult clean-up Tuesday, as rescuers resumed the increasingly hopeless search for those still missing after a disaster that claimed at least 64 lives. After spending the night in shelte
A Dutch court on Tuesday rejected a request to prosecute Rabobank over the Libor scandal that rocked the financial world, saying the bank had already payed a massive multi-million euro fine.
Banks want assurances from US regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people f
Barclays' largest regulatory overhang looks to be entering its endgame. The UK bank is close to a deal with regulators for manipulating foreign exchange rates, Reuters reported on May 11. If forecasts of a 2 billion pound fine are accurate, investors' mai