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Saturday 25, October 2014

 
 
 




 

Market


Rates for conversion of FCD, DBC, FCBC, US dollar bonds

By: Web Desk, Uploaded: 24th October 2014

Rates for conversion of FCD, DBC, FCBC, US dollar bonds KARACHI:  The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S. Dollar Bonds and profits thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E- 25 deposits) by the State Bank on October 27, 2014. The rates...


GLOBAL MARKETS-Stocks jump on U.S. corporate results, bonds fall

By: Web Desk, Uploaded: 24th October 2014

GLOBAL MARKETS-Stocks jump on U.S. corporate results, bonds fall NEW YORK: Global equity markets rose on Thursday, with stocks on Wall Street climbing more than 1 percent as U.S. corporate earnings continued to beat expectations, while government debt prices slid on stronger American and German economic reports. Results from Caterpillar Inc and 3M Co, both Dow components, reassured investors that companies with large overseas...


US automaker Ford starts luxury Lincoln sales in China

By: Web Desk, Uploaded: 24th October 2014

US automaker Ford starts luxury Lincoln sales in China SHANGHAI: US automaker Ford has launched its first vehicles under the luxury Lincoln brand in China, the company said, as it seeks to make inroads into a market dominated by German cars. Ford announced in April that it would begin Lincoln sales in China in the autumn, adding to its other passenger car and commercial...


Asia shares slip on profit-taking

By: Web Desk, Uploaded: 23rd October 2014

Asia shares slip on profit-taking HONG KONG- Asian markets slipped on profit-taking Thursday following the previous day’s hefty gains but losses were limited after a closely watched indicator showed a slight pick-up in Chinese manufacturing activity. The dollar edged up following a surprising rise in US inflation while the euro faced fresh selling pressure owing to speculation that the European...


Oil prices down in Asia

By: Web Desk, Uploaded: 23rd October 2014

Oil prices down in Asia SINGAPORE- Oil prices tanked further in Asian trade Thursday as a crude supply glut overshadowed news that China’s key manufacturing sector picked up slightly, analysts said. US benchmark West Texas Intermediate (WTI) tumbled 30 cents to $80.22 a barrel in late-morning trade and Brent crude eased 34 cents to $84.37. Both contracts, already at multi-year...


Dollar firms in Asia after US inflation rise

By: Web Desk, Uploaded: 23rd October 2014

Dollar firms in Asia after US inflation rise TOKYO- The dollar firmed in Asia on Thursday after an unexpected rise in US inflation, while the euro struggled to recover as speculation swirls about further European Central Bank easing measures. In Tokyo morning trade, the dollar strengthened to 107.31 yen from 107.14 yen in New York late Wednesday. The euro was mixed at $1.2636...


Bullion prices on Wednesday

By: Web Desk, Uploaded: 22nd October 2014

Bullion prices on Wednesday KARACHI: Following were the bullion prices in Karachi and Multan on Wednesday. KARACHI:  (per 10 gram) Gold Tezabi 24 CT    Rs   42171 Silver Tezabi        Rs     642.85 MULTAN:  (per 10 gram) Gold Tezabi-24 CT   Rs   41750.00 Gold 22 CT          Rs   38170.00 Silver Tezabi       Rs     643.00 Silver Thobi        Rs     610.00 Source:...


Rates for conversion of FCD, DBC, FCBC, US dollar bonds

By: Web Desk, Uploaded: 22nd October 2014

Rates for conversion of FCD, DBC, FCBC, US dollar bonds KARACHI:  The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S. Dollar Bonds and profits thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E- 25 deposits) by the State Bank on October 23, 2014. The rates...


Euro flat in Asia after drop on ECB easing plan reports

By: Web Desk, Uploaded: 22nd October 2014

Euro flat in Asia after drop on ECB easing plan reports TOKYO- The euro held steady in Asia on Wednesday after it dropped in New York on reports that the European Central Bank could expand its bond-buying programme. In Tokyo morning trade, the common currency fetched $1.2720 and 136.01 yen against $1.2714 and 136.04 yen in New York late Tuesday. The single currency had been at...


Asia shares boosted by Wall St rally

By: Web Desk, Uploaded: 22nd October 2014

Asia shares boosted by Wall St rally HONG KONG- Asian markets pushed higher Wednesday, taking a lead from fresh gains in New York and Europe in response to reports that the European Central Bank will widen its stimulus programme. Speculation about further monetary easing in the eurozone pushed the euro lower, while the dollar gave up some of its US gains in...


Oil prices dip in Asia after recent gains

By: Web Desk, Uploaded: 22nd October 2014

Oil prices dip in Asia after recent gains HONG KONG- Oil prices slipped Wednesday after enjoying a recent upturn in line with a global equities rebound, while analysts said investors will now be keeping an eye on the US Federal Reserve’s next policy meeting. However, oversupply and lingering concerns about demand in key markets are capping gains and keeping prices at multi-year lows....


Bullion prices on Tuesday

By: Web Desk, Uploaded: 21st October 2014

Bullion prices on Tuesday KARACHI: Following were the bullion prices in Karachi and Multan on Tuesday. KARACHI:  (per 10 gram) Gold Tezabi 24 CT     Rs   42214 Silver Tezabi               Rs     642.85 MULTAN:  (per 10 gram) Gold Tezabi-24 CT               Rs   41150.00 Gold 22 CT                              Rs   38170.00 Silver Tezabi                          Rs     643.00 Silver Thobi                            Rs     610.00 Source:...


Dollar eases in Asia after weak China data

By: Web Desk, Uploaded: 21st October 2014

Dollar eases in Asia after weak China data TOKYO- The dollar slipped in Asia on Tuesday as weak Chinese growth data rekindled concerns about the global economy. In Tokyo afternoon trading, the greenback slipped to 106.59 yen against 106.92 yen in New York. The euro rose to $1.2810 from $1.2800, while it weakened to 136.54 yen from 136.86 yen in the US. Traders...


Asia shares slip after China growth data

By: Web Desk, Uploaded: 21st October 2014

Asia shares slip after China growth data HONG KONG- Asian markets mostly sank Tuesday, giving up much of their gains from the previous session, as data showing China’s economy growing at its slowest pace in five years trumped another positive lead from Wall Street. After the wild swings of last week that were fuelled by global growth fears, Monday’s hefty advances across...


Oil prices mixed as caution returns

By: Web Desk, Uploaded: 21st October 2014

Oil prices mixed as caution returns SINGAPORE- Oil prices were mixed in Asian trade Tuesday as caution returned after a weak rally spurred by upbeat industrial production data from China, the world’s top energy consuming nation, analysts said. US benchmark West Texas Intermediate for November delivery advanced 30 cents to $83.01 a barrel in afternoon trade, but Brent crude for December...


AMISP issues rates of commodities

By: Web Desk, Uploaded: 20th October 2014

AMISP issues rates of commodities LAHORE: Agriculture Marketing Information Service Punjab (AMISP) issued rates of different agriculture products as per 100 kg in local market on Monday. Rice (Super Karnal Basmati New) minimum Rs 11900 and maximum Rs 12000, White sugar minimum 5650 and maximum Rs 5650, White gram minimum Rs 5600 and maximum Rs 6000, Red Chili Whole (Dry)...


Rates for conversion of FCD, DBC, FCBC, US dollar bonds

By: Web Desk, Uploaded: 20th October 2014

Rates for conversion of FCD, DBC, FCBC, US dollar bonds KARACHI: The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S. Dollar Bonds and profits thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E- 25 deposits) by the State Bank on October 21, 2014. The rates...


Poultry has potential for its export to $2 bln: VC

By: Web Desk, Uploaded: 20th October 2014

Poultry has potential for its export to $2 bln: VC LAHORE: Poultry products exports of the country can get a major boost if a proper processing system of is evolved on modern lines. This was stated by Vice Chancellor of the University of Veterinary and Animal Sciences (UVAS) Prof. Talat Naseer Pasha while talking to APP on Monday. He said that poultry products have great...


Oil prices extend gains in Asia

By: Web Desk, Uploaded: 20th October 2014

Oil prices extend gains in Asia SINGAPORE- Oil prices rose in Asia Monday, lifted by a surge in equities following last week’s sharp gains on Wall Street, but analysts said prices remain weighed by weak demand in an oversupplied market. US benchmark West Texas Intermediate for delivery in November climbed 47 cents to $83.22 a barrel in late-morning trade and Brent...


Dollar up in Asia as stock markets rally

By: Web Desk, Uploaded: 20th October 2014

Dollar up in Asia as stock markets rally TOKYO- The dollar strengthened against the euro and yen in Asia on Monday, in line with a regional equities rally after a surge on Wall Street at the end of last week. In Tokyo afternoon trading, the greenback bought 107.33 yen against 106.78 yen in New York, and sharply higher than the 106.22 yen earlier...


Rates for conversion of FCD, DBC, FCBC, US dollar bonds

By: Web Desk, Uploaded: 17th October 2014

Rates for conversion of FCD, DBC, FCBC, US dollar bonds KARACHI:  The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S. Dollar Bonds and profits thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E- 25 deposits) by the State Bank on October 20, 2014. The rates...


Weekly Inflation decrease 1.13 percent

By: Web Desk, Uploaded: 17th October 2014

Weekly Inflation decrease 1.13 percent ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on October 16 for the lowest income group up to Rs. 8,000 registered decrease of 1.13 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 209.14 points against 211.52 points registered in...


European stock markets rally in initial trading

By: Web Desk, Uploaded: 17th October 2014

European stock markets rally in initial trading LONDON: European stock markets rose at  the start of trading on Friday, the end of an immensely volatile week for shares as investors fear a return to recession in the eurozone. London’s benchmark FTSE 100 index of top companies gained 0.29 percent to open at 6,214.05 points compared with Thursday’s closing level. Frankfurt’s DAX 30...


Yen ticks up in Asia on global economy jitters

By: Web Desk, Uploaded: 17th October 2014

Yen ticks up in Asia on global economy jitters TOKYO- The yen edged higher in Asia on Friday, wiping out early losses, as ongoing worries about the global economy offset a positive batch of data out of the United States. In Tokyo afternoon trading, the dollar slipped to 106.17 yen from 106.33 yen in New York while the euro eased to 135.88 yen from...


Google shares hit as profit dips

By: Web Desk, Uploaded: 17th October 2014

Google shares hit as profit dips SAN FRANCISCO: Google said Thursday its profit in the past quarter dipped slightly from a year earlier, even as revenues for the technology giant showed a sharp increase. Net third quarter profit fell five percent from the same period a year ago to $2.8 billion, while revenue grew 20 percent to $16.5 billion. Shares in...


Oil prices tumble in Asia

By: Web Desk, Uploaded: 16th October 2014

Oil prices tumble in Asia SINGAPORE- Oil prices resumed their downward spiral in Asian trade Thursday following another massive sell-off in equities as traders grow increasingly concerned about the global economic outlook, analysts said. US benchmark West Texas Intermediate (WTI) for November delivery fell 90 cents to a two-year low of $80.88 a barrel in late-morning trade. Brent crude for...


 
 
 



 
 
 



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