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Print - 2017-12-10
Possible policy space limits: Pakistan won't support any proposal at WTO

Possible policy space limits: Pakistan won't support any proposal at WTO

Pakistan has reportedly decided not to support any proposal at the Ministerial Conference (MC) of World Trade Organization (WTO) which can limit its existing policy space in Green Box, Blue Box (development programme) and de-minimis limits, well-informed
Published 10 Dec, 2017 12:00am
Possible policy space limits: Pakistan won't support any proposal at WTO

Possible policy space limits: Pakistan won't support any proposal at WTO

Pakistan has reportedly decided not to support any proposal at the Ministerial Conference (MC) of World Trade Organization (WTO) which can limit its existing policy space in Green Box, Blue Box (development programme) and de-minimis limits, well-informed
Published 10 Dec, 2017 12:00am
Asif's letter: FO regrets India's 'disappointing' response

Asif's letter: FO regrets India's 'disappointing' response

The Foreign Office on Saturday regretted the 'disappointing' response by Indian Minister for External Affairs Sushma Swaraj to Foreign Minister Khawaja Asif's letter, urging the Indian side to deescalate tension on the Line of Control (LoC) and the Workin
Published 10 Dec, 2017 12:00am
Asif's letter: FO regrets India's 'disappointing' response

Asif's letter: FO regrets India's 'disappointing' response

The Foreign Office on Saturday regretted the 'disappointing' response by Indian Minister for External Affairs Sushma Swaraj to Foreign Minister Khawaja Asif's letter, urging the Indian side to deescalate tension on the Line of Control (LoC) and the Workin
Published 10 Dec, 2017 12:00am
Saad dares opposition alliance to bring down PML-N government

Saad dares opposition alliance to bring down PML-N government

Railways Minister Saad Rafique Saturday criticized the parties demanding resignation from the ruling party, saying that no party can bring down Pakistan Muslim League-Nawaz (PML-N). Talking to mediapersons, Saad said that PML-N was the largest party of th
Published 10 Dec, 2017 12:00am
Saad dares opposition alliance to bring down PML-N government

Saad dares opposition alliance to bring down PML-N government

Railways Minister Saad Rafique Saturday criticized the parties demanding resignation from the ruling party, saying that no party can bring down Pakistan Muslim League-Nawaz (PML-N). Talking to mediapersons, Saad said that PML-N was the largest party of th
Published 10 Dec, 2017 12:00am
Imran describes Zardari as 'imam of corruption'

Imran describes Zardari as 'imam of corruption'

Chairman Pakistan Tehreek-e-Insaf (PTI), Imran Khan, once again, turned his guns on PPP Co-Chairman Asif Ali Zardari on Saturday and said that after getting rid of Nawaz Sharif, it is time to go after the 'Imam of corruption' in Sindh. "The PTI has been f
Published 10 Dec, 2017 12:00am
Imran describes Zardari as 'imam of corruption'

Imran describes Zardari as 'imam of corruption'

Chairman Pakistan Tehreek-e-Insaf (PTI), Imran Khan, once again, turned his guns on PPP Co-Chairman Asif Ali Zardari on Saturday and said that after getting rid of Nawaz Sharif, it is time to go after the 'Imam of corruption' in Sindh. "The PTI has been f
Published 10 Dec, 2017 12:00am
Pakistan-China: JCC agrees to resolve tax-related disputes

Pakistan-China: JCC agrees to resolve tax-related disputes

The Joint Cooperation Committee (JCC) on China-Pakistan Economic Corridor (CPEC) has decided to expedite tax dispute settlement process, increase interaction between tax authorities (Federal Board of Revenue and State Administration of Taxation, China) an
Published 10 Dec, 2017 12:00am
Pakistan-China: JCC agrees to resolve tax-related disputes

Pakistan-China: JCC agrees to resolve tax-related disputes

The Joint Cooperation Committee (JCC) on China-Pakistan Economic Corridor (CPEC) has decided to expedite tax dispute settlement process, increase interaction between tax authorities (Federal Board of Revenue and State Administration of Taxation, China) an
Published 10 Dec, 2017 12:00am
Pakistan-China: JCC agrees to resolve tax-related disputes

Pakistan-China: JCC agrees to resolve tax-related disputes

The Joint Cooperation Committee (JCC) on China-Pakistan Economic Corridor (CPEC) has decided to expedite tax dispute settlement process, increase interaction between tax authorities (Federal Board of Revenue and State Administration of Taxation, China) an
Published 10 Dec, 2017 12:00am
Mission of ''loadshedding free Pakistan'' accomplished: PM

Mission of ''loadshedding free Pakistan'' accomplished: PM

Prime Minister Shahid Khaqan Abbasi Saturday said that the government had successfully accomplished the mission of loadshedding free Pakistan rather it had launched the projects to suffice the country''s power needs till 2030. Addressing the groundbreakin
Published 10 Dec, 2017 12:00am
Mission of 'loadshedding free Pakistan' accomplished: PM

Mission of 'loadshedding free Pakistan' accomplished: PM

Prime Minister Shahid Khaqan Abbasi Saturday said that the government had successfully accomplished the mission of loadshedding free Pakistan rather it had launched the projects to suffice the country's power needs till 2030. Addressing the groundbreaking
Published 10 Dec, 2017 12:00am
Mission of 'loadshedding free Pakistan' accomplished: PM

Mission of 'loadshedding free Pakistan' accomplished: PM

Prime Minister Shahid Khaqan Abbasi Saturday said that the government had successfully accomplished the mission of loadshedding free Pakistan rather it had launched the projects to suffice the country's power needs till 2030. Addressing the groundbreaking
Published 10 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (December 09, 2017) and the forecast for Sunday (December 10, 2017).

Published 10 Dec, 2017 12:00am
YOUR RUPEE LAST MONTH
Currency

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (November 1 to 30, 2017)

Published 10 Dec, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 09, 2017).

Published 10 Dec, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 09, 2017)

Published 10 Dec, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 09, 2017).

Published 10 Dec, 2017 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 09, 2017).

Published 10 Dec, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 09, 2017).

Published 10 Dec, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 09, 2017).

Published 10 Dec, 2017 12:00am
THE RUPEE: modest gains
Currency

THE RUPEE: modest gains

The rupee shrugged of overnight weakness against the dollar on the money market on Saturday in the process of trading, dealers said. The national currency managed to recover 20 paisas against the dollar for buying and selling at Rs 107.30 and Rs 107.80 re
Published 10 Dec, 2017 12:00am
THE RUPEE: modest gains
Currency

THE RUPEE: modest gains

The rupee shrugged of overnight weakness against the dollar on the money market on Saturday in the process of trading, dealers said. The national currency managed to recover 20 paisas against the dollar for buying and selling at Rs 107.30 and Rs 107.80 re
Published 10 Dec, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 09, 2017).

Published 10 Dec, 2017 12:00am
Syngenta may start local production of crop protection in Russia

Syngenta may start local production of crop protection in Russia

Switzerland's Syngenta is considering setting up local production facilities of crop protection products in Russia rather than relying on importing its products, the head of its Russian office said on Thursday. Russia, one of the world's largest wheat exp
Published 10 Dec, 2017 12:00am
Wooden dams and river jams: US strains to ship record grains
Kerb

Wooden dams and river jams: US strains to ship record grains

America's worst traffic jam this fall occurred on the Ohio River, where a line of about 50 miles of boats hauling grains and other products turned into a waterborne parking lot, as ship captains waited for the river to reopen. Such delays are worsening on
Published 10 Dec, 2017 12:00am
EU crop monitor lifts 2017 maize, sugar beet yield estimates

EU crop monitor lifts 2017 maize, sugar beet yield estimates

The European Union's crop monitoring service on Monday slightly raised its monthly yield estimates for grain maize and sugar beet in 2017 and said winter grain sowings ahead of the 2018 harvest were developing well in most countries apart from Spain.
Published 10 Dec, 2017 12:00am
Canadian farmers reap surprisingly big canola, wheat harvests

Canadian farmers reap surprisingly big canola, wheat harvests

Canadian farmers harvested larger crops than expected this autumn, reaping record-large canola output and a surprisingly big wheat crop, a Statistics Canada report showed on Wednesday. A late harvest in Western Canada made the size of crops in the world's
Published 10 Dec, 2017 12:00am
Oil analysts grow more bullish after Opec extends output deal

Oil analysts grow more bullish after Opec extends output deal

Oil analysts have raised their forecasts for the crude price next year after major producers agreed to extend output cuts, a Reuters poll showed on Wednesday. Political tensions in Saudi Arabia, production disruptions in Libya and Nigeria and economic dep
Published 10 Dec, 2017 12:00am
Mexico unlikely to meet US sugar import demands

Mexico unlikely to meet US sugar import demands

Mexico's sugar industry will struggle to meet US import needs during the 2017-18 crop year as the country's mills are ill-equipped to meet requirements of a new trade deal agreed in June, Rabobank said on Thursday. A US-Mexico sugar pact hammered out earl
Published 10 Dec, 2017 12:00am
ICE cotton slips on profit-taking, firmer dollar
Cotton

ICE cotton slips on profit-taking, firmer dollar

ICE cotton fell on Friday after hitting an over seven-month high earlier in the session as investors took profits and as the US dollar firmed. Cotton contracts for March settled down 0.51 cent, or 0.69 percent, at 73.72 cents per lb. It traded within a ra
Published 10 Dec, 2017 12:00am
World coffee exports to rise on Africa, Asia output: ICO

World coffee exports to rise on Africa, Asia output: ICO

Global coffee exports should pick up later in the season as lower production in top grower Brazil is offset by growth in Africa, Asia and Central America, the International Coffee Organization (ICO) said on Friday. Exports are off to a slow start in the 2
Published 10 Dec, 2017 12:00am
Russia will boost transport subsidies to speed grain exports

Russia will boost transport subsidies to speed grain exports

Russia will spend 2 billion roubles ($34 million) in grain transportation subsidies to help to speed exports in 2018, the Deputy Agriculture Minister said on Thursday. Already among the world's largest wheat exporters, Russia is trying to step up a gear a
Published 10 Dec, 2017 12:00am
Argentine drought threatens to wallop late-planted corn and soya

Argentine drought threatens to wallop late-planted corn and soya

Juan Graneros does not remember the last time he saw rain fall on the soya and corn fields he leases in Argentina's bread-basket province of Buenos Aires, and he and fellow farmers are starting to doubt they can recover investments made in this year's cro
Published 10 Dec, 2017 12:00am
China soyabeans imports surge in November
Vegetable Oil

China soyabeans imports surge in November

China, the world's largest soya buyer, imported 8.68 million tonnes of beans in November, rebounding 48 percent from the prior month as a backlog of shipments from the United States arrived at ports, customs data showed on Friday. The November figures wer
Published 10 Dec, 2017 12:00am
China's copper imports jump by 42.3 percent month on month
Exchange

China's copper imports jump by 42.3 percent month on month

China's unwrought copper imports rose by more than 40 percent in November from the previous month, in a sign that winter production restrictions at the world's top copper consuming country are driving up shipments of overseas metal. Arrivals of unwrought
Published 10 Dec, 2017 12:00am
European gasoline margins little changed

European gasoline margins little changed

Northwest European gasoline refining margins were little changed on Thursday as rising supplies in the United States weighed on cracks. Gasoline barge margins in northwest Europe remained near a 14-month low around $3.5 a barrel as overseas buying, partic
Published 10 Dec, 2017 12:00am
Vietnamese coffee demand weaker on erratic weather

Vietnamese coffee demand weaker on erratic weather

Demand for robusta coffee beans was slow this week in major producer Vietnam at a time when erratic weather slowed down bean processing in the country's Central Highlands, traders said on Thursday. Farmers in Vietnam's main coffee-growing province Daklak
Published 10 Dec, 2017 12:00am
US FOB Gulf soya bids slightly higher

US FOB Gulf soya bids slightly higher

Basis bids for soyabeans shipped by barge to the US Gulf Coast were steady to slightly higher on Thursday, supported by better-than-expected weekly export sales and declines in futures prices, traders said. The US Department of Agriculture said more than
Published 10 Dec, 2017 12:00am
Australia's 2017-2018 wheat output forecast to fall further

Australia's 2017-2018 wheat output forecast to fall further

Australia's 2017/18 wheat production is expected to decline further, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said on Tuesday, after recent storms damaged the crop and following a severe drought earlier in the sea
Published 10 Dec, 2017 12:00am
Asian naphtha margins hit over three-week high

Asian naphtha margins hit over three-week high

Asian naphtha margins rose to a more than three-week high on Thursday on firm buying interest from South Korean and Japanese companies, trade sources said.
Published 10 Dec, 2017 12:00am
Indian rice prices rise on strong demand from Bangladesh

Indian rice prices rise on strong demand from Bangladesh

Rice prices in India climbed this week as strong demand from neighbouring Bangladesh counteracted fresh supplies from a new season crop in the world's top exporter. India's 5 percent broken parboiled rice prices rose by $4 per tonne to $406-$409.
Published 10 Dec, 2017 12:00am
Renewed buying by mills on tight supply of seed cotton
Cotton

Renewed buying by mills on tight supply of seed cotton

A kind of panic buying was witnessed on the cotton market on Saturday on hovering fears of decline in supply of seed cotton, dealers said. The official spot rate was unchanged at Rs 6,600, they said. In ready session, over 35,000 bales of cotton changed h
Published 10 Dec, 2017 12:00am
US Plains HRW wheat bids easier

US Plains HRW wheat bids easier

Spot basis bids for hard red winter (HRW) wheat were steady to easier in the southern US Plains on Thursday and farmer selling was thin as K.C. HRW wheat futures skidded to life-of-contract lows, dealers said. The track basis at the US Gulf export termina
Published 10 Dec, 2017 12:00am
Freight rates for large dry cargo hit three-year high

Freight rates for large dry cargo hit three-year high

Freight rates for large dry cargo ships on key Asian routes, which hit three-year highs this week, could stay around the current levels or nudge slightly higher if shortage of vessels for prompt hire continued, brokers said. "It's a good lead up to Christ
Published 10 Dec, 2017 12:00am
Brazil's soya crop view raises as rains boost yields

Brazil's soya crop view raises as rains boost yields

Brazil's 2017/18 soya crop could reach 107.6 million tonnes, broker and analyst INTL FCStone said on Monday, raising its forecast from 106.1 million tonnes previously as favourable weather is seen boosting agricultural yields. "The improvement on the proj
Published 10 Dec, 2017 12:00am
CBOT corn futures lower

CBOT corn futures lower

Chicago Board of Trade corn futures weakened on Thursday, weighed down by declines in the wheat market. Short-covering limited the declines in corn.
Published 10 Dec, 2017 12:00am
Ivory Coast cocoa belt receives little rain last week

Ivory Coast cocoa belt receives little rain last week

Ivory Coast cocoa regions received little or no rain last week as the dry season took hold, though downpours earlier this year have helped soil moisture levels, farmers said on Monday. The dry season in the world's top cocoa producer runs from mid-Novembe
Published 10 Dec, 2017 12:00am
EU wheat futures lower on high global supply

EU wheat futures lower on high global supply

European wheat futures edged lower on Thursday as the prospect of high global supply and stiff export competition again pressured prices. March milling wheat, the most active contract on Paris-based Euronext, settled down 0.50 euro at 161.75 euros ($190.8
Published 10 Dec, 2017 12:00am
US natural gas futures fall on lower heating demand

US natural gas futures fall on lower heating demand

US natural gas futures on Thursday fell over 5 percent to their lowest since October on forecasts for less heating demand later in December than previously expected and a surprise winter build in stockpiles. The US Energy Information Administration (EIA)
Published 10 Dec, 2017 12:00am
India's rapeseed output to drop 10 percent as farmers trim plantings

India's rapeseed output to drop 10 percent as farmers trim plantings

India's rapeseed and mustard output is set to drop by at least 10 percent for the 2017/18 crop year as scanty rains and high temperatures prompted farmers to switch to other crops despite a recent hike in the import duty on edible oils, trade officials sa
Published 10 Dec, 2017 12:00am
Maldives rushes through trade pact with China despite opposition

Maldives rushes through trade pact with China despite opposition

The Maldives government signed a free trade agreement with China during a visit to Beijing by its leader, Abdulla Yameen, it said on Friday, despite criticism from the opposition over the speed at which the deal was concluded. Under the deal - a document
Published 10 Dec, 2017 12:00am
M&C Hotels agrees to sweetened bid from CDL

M&C Hotels agrees to sweetened bid from CDL

Millennium & Copthorne Hotels has agreed to a sweetened takeover offer from its majority shareholder that values the London-listed company at about 2 billion pounds ($2.67 billion) after an earlier bid was heavily criticised by minority investors. City De
Published 10 Dec, 2017 12:00am
Japan to revise up growth forecasts

Japan to revise up growth forecasts

Japan is expected to revise up its economic growth forecasts for the current and next fiscal years, the Nikkei newspaper reported on Saturday, helping Prime Minister Shinzo Abe to make the case his stimulus policies are working. Data released on Friday sh
Published 10 Dec, 2017 12:00am
Fed says will begin publishing new reference rates in Q2 2018
Libor

Fed says will begin publishing new reference rates in Q2 2018

The US Federal Reserve will begin publishing new reference rates in the second quarter of next year, providing an alternative to the London interbank offered rate (Libor) used as a common benchmark for financial products. The three new rates had been rele
Published 10 Dec, 2017 12:00am
Sri Lanka approves 2018 budget, aims for more investment

Sri Lanka approves 2018 budget, aims for more investment

Sri Lanka's coalition government on Saturday won the final vote on its 2018 budget which aims to boost investments and small businesses and cut the fiscal deficit to 4.8 percent of GDP from this year's 5.2 percent. The budget was passed with 155 in favour
Published 10 Dec, 2017 12:00am
Mauritius needs to clarify monetary policy: IMF
Exchange

Mauritius needs to clarify monetary policy: IMF

Mauritius needs to clarify its monetary policy to increase policy coherence, the International Monetary Fund said on Saturday. The IMF said in a statement that the primary objective of the central bank was to maintain price stability and promote "orderly
Published 10 Dec, 2017 12:00am
Apple to buy music recognizing app Shazam

Apple to buy music recognizing app Shazam

Apple is in talks to buy the popular song recognition app Shazam as the tech giant tries to compete with streaming leader Spotify, TechCrunch reported Friday. The technology news site, quoting unnamed sources, said that the deal could be announced Monday
Published 10 Dec, 2017 12:00am
East German village sells for 140,000 euros
Currency

East German village sells for 140,000 euros

The only bidder at an unusual auction on Saturday put down 140,000 euros and walked away the new owner of a small slice of German history: the village of Alwine, population 20. Its empty homes and ageing residents mirror the wider fate of the ex-communist
Published 10 Dec, 2017 12:00am
SpaceX's Elon Musk to launch his own car into deep space

SpaceX's Elon Musk to launch his own car into deep space

SpaceX confirmed Wednesday its CEO Elon Musk plans to blast his cherry red electric car off toward the Red Planet when the company's Falcon Heavy rocket launches for the first time next month. Many wondered if Musk was joking last week when he tweeted his
Published 10 Dec, 2017 12:00am
German trade surplus narrows on higher imports

German trade surplus narrows on higher imports

German imports outpaced exports in October, slightly narrowing the country's oft-criticised massive trade surplus, preliminary data showed Friday. Exports from Europe's top economy slid 0.4 percent compared with September, while imports climbed by 1.8 per
Published 10 Dec, 2017 12:00am
Iran sentences fugitive ex-bank chief to jail

Iran sentences fugitive ex-bank chief to jail

The former head of Iran's largest state-owned bank, who fled to Canada over a record-breaking $2.6 billion embezzlement scandal, has been given a 20-year prison sentence and $6 million fine in absentia, the judiciary said on Saturday. Mahmoud Reza Khavari
Published 10 Dec, 2017 12:00am
Volkswagen says halts multivan deliveries amid emissions 'uncertainties'

Volkswagen says halts multivan deliveries amid emissions 'uncertainties'

Volkswagen said on Friday it had stopped delivering the T6 multivan to dealers after detecting that the diesel model emitted excessive nitrogen oxide levels and had reported the findings to Germany's automotive watchdog (KBA). Earlier on Friday German mag
Published 10 Dec, 2017 12:00am
China's Xinjiang halts mining in nature reserve to curb pollution

China's Xinjiang halts mining in nature reserve to curb pollution

China's far western Xinjiang region has suspended mining in one of its big nature reserves, the official Xinhua news agency reported, amid rising environmental concerns. The mining sector has been a crucial part of China's rapid economic expansion in the
Published 10 Dec, 2017 12:00am
China's producer prices ease to four-month low as pollution curbs bite

China's producer prices ease to four-month low as pollution curbs bite

China's producer price inflation slowed to a four-month low in November as factory activity softened due to the government's ongoing efforts to curb pollution, cooling demand from factories for raw materials. Producer prices rose 5.8 percent from a year e
Published 10 Dec, 2017 12:00am
China's Lufax picks banks for up to $5 billion Hong Kong IPO

China's Lufax picks banks for up to $5 billion Hong Kong IPO

Chinese online wealth management firm Lufax has hired five banks to work on an up to $5 billion Hong Kong initial public offering, IFR reported, citing people familiar with the situation. Lufax, backed by Ping An Insurance, has mandated Citic Securities,
Published 10 Dec, 2017 12:00am
China's Lufax picks banks for up to $5 billion Hong Kong IPO

China's Lufax picks banks for up to $5 billion Hong Kong IPO

Chinese online wealth management firm Lufax has hired five banks to work on an up to $5 billion Hong Kong initial public offering, IFR reported, citing people familiar with the situation. Lufax, backed by Ping An Insurance, has mandated Citic Securities,
Published 10 Dec, 2017 12:00am
China to make IPO application process more transparent

China to make IPO application process more transparent

China's securities regulator published a set of guidelines for companies applying to make initial public offerings (IPOs), in a bid to be more transparent and stabilize market expectations. The new guidelines, issued by the China Securities Regulatory Com
Published 10 Dec, 2017 12:00am
China to make IPO application process more transparent

China to make IPO application process more transparent

China's securities regulator published a set of guidelines for companies applying to make initial public offerings (IPOs), in a bid to be more transparent and stabilize market expectations. The new guidelines, issued by the China Securities Regulatory Com
Published 10 Dec, 2017 12:00am
TSX posts two-week high
Exchange

TSX posts two-week high

Canada's main stock index rose to a two-week high on Friday, led by financial and industrial shares after solid US jobs data boosted investor sentiment, while energy stocks climbed on higher oil prices. The Toronto Stock Exchange's S&P/TSX composite index
Published 10 Dec, 2017 12:00am
Foreigners pare holdings in Asian equities in November
Exchange

Foreigners pare holdings in Asian equities in November

Foreigners trimmed their holdings in most Asian stocks markets in November as investors started to book profits after this year's solid rally. November data from seven Asian exchanges showed foreign investment for the month totalled about $400 million, do
Published 10 Dec, 2017 12:00am
China launches new government yield curve benchmark

China launches new government yield curve benchmark

China has introduced a new benchmark for government bond yields, creating an official point of reference for the country's underdeveloped debt markets and marking a fresh step in efforts to encourage accurate risk pricing. The Shanghai Key Yield (SKY), pu
Published 10 Dec, 2017 12:00am
China launches new government yield curve benchmark

China launches new government yield curve benchmark

China has introduced a new benchmark for government bond yields, creating an official point of reference for the country's underdeveloped debt markets and marking a fresh step in efforts to encourage accurate risk pricing. The Shanghai Key Yield (SKY), pu
Published 10 Dec, 2017 12:00am
Treasuries outlook: Yields flat, investors' expectations unchanged

Treasuries outlook: Yields flat, investors' expectations unchanged

US Treasury yields were little changed on Friday after seesawing following the release of a US jobs report that showed the economy added 228,000 jobs last month but average hourly earnings failed to meet expectations. Average hourly earnings have become a
Published 10 Dec, 2017 12:00am
Treasuries outlook: Yields flat, investors' expectations unchanged

Treasuries outlook: Yields flat, investors' expectations unchanged

US Treasury yields were little changed on Friday after seesawing following the release of a US jobs report that showed the economy added 228,000 jobs last month but average hourly earnings failed to meet expectations. Average hourly earnings have become a
Published 10 Dec, 2017 12:00am
Brexit progress takes shine off safe-haven eurozone bonds

Brexit progress takes shine off safe-haven eurozone bonds

Borrowing costs across the eurozone rose on Friday as a breakthrough in divorce talks between Britain and the European Union took the shine off safe-haven bonds. The European Commission said on Friday enough progress had been made in Brexit negotiations w
Published 10 Dec, 2017 12:00am
Brexit progress takes shine off safe-haven eurozone bonds

Brexit progress takes shine off safe-haven eurozone bonds

Borrowing costs across the eurozone rose on Friday as a breakthrough in divorce talks between Britain and the European Union took the shine off safe-haven bonds. The European Commission said on Friday enough progress had been made in Brexit negotiations w
Published 10 Dec, 2017 12:00am
US investors overweight in stocks despite market fears
Mutual Funds

US investors overweight in stocks despite market fears

Three out of four US investors age 40 and older worry about a correction that will eventually end the long-running bull market in stocks, yet most refuse to head for the exits. Sixty-nine percent of older investors remain heavily exposed to equities, acco
Published 10 Dec, 2017 12:00am
Wall Street closes higher after payrolls report
Exchange

Wall Street closes higher after payrolls report

US stocks advanced on Friday, buoyed by a solid payrolls report for November that locked in expectations for an interest rate hike from the US Federal Reserve next week and raised optimism about economic prospects in 2018. Technology stocks such as Micros
Published 10 Dec, 2017 12:00am
Canadian dollar weakens as US jobs report boosts greenback
Currency

Canadian dollar weakens as US jobs report boosts greenback

The Canadian dollar weakened slightly against a broadly stronger US counterpart on Friday as data showed US job growth increased at a strong clip in November, adding to the loonie's sharpest weekly decline since late October. The Canadian currency lost 1.
Published 10 Dec, 2017 12:00am
Flash crashes hit FX markets every two weeks
Currency

Flash crashes hit FX markets every two weeks

"Flash crashes" in foreign exchange markets are far more common than generally believed, a study by trading algorithm provider Pragma said on Thursday. The two-year study of some of the world's most traded currency pairs - including the Australian dollar,
Published 10 Dec, 2017 12:00am
Sterling to coast, but Brexit talks progress would drive rally
Currency

Sterling to coast, but Brexit talks progress would drive rally

Sterling's outlook is stable over the coming year, but a few currency strategists polled by Reuters expect it to make significant gains if negotiations over Britain's departure from the European Union take a positive turn. Forecasts from the poll of aroun
Published 10 Dec, 2017 12:00am
Dollar holds gains after US jobs data, but off highs due to wages

Dollar holds gains after US jobs data, but off highs due to wages

The dollar rose against the euro and yen in choppy trading on Friday after a report showed the US economy created more jobs than expected last month, but gains were capped by wages data that analysts said were disappointing. That could weigh on the pace o
Published 10 Dec, 2017 12:00am
South Africa's rand to trade firmer

South Africa's rand to trade firmer

South Africa's rand is expected to trade slightly firmer towards the end of the year after weakening last week on the prospect of a December interest rate hike by the United States Federal Reserve, a Reuters poll found. The end of the year will be a very
Published 10 Dec, 2017 12:00am
Speculators increase net-short dollar bets
Currency

Speculators increase net-short dollar bets

Speculators increased their bearish, net-short bets on the US dollar to $4.28 billion in latest week of trading, marking the 21st straight week of net-negative speculator dollar positioning, data from the Commodity Futures Trading Commission calculated by
Published 10 Dec, 2017 12:00am
Norway raises crown purchases
Currency

Norway raises crown purchases

Norway's central bank will raise its daily sale of foreign currency in December, but will conduct them only in the period Dec. 1-15, it said on Thursday. The bank will sell foreign exchange equivalent to 900 million Norwegian crowns per day. Sales in Nove
Published 10 Dec, 2017 12:00am
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