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Currency

Sri Lanka extends import ban despite EU protest

COLOMBO: Sri Lanka Thursday extended a ban on non-essential imports such as vehicles as it battles a foreign ...

Updated 27 Nov, 2020 03:39am

Cotton

Trade activity remains firm on cotton market

KARACHI: The local cotton market remained stable on Thursday. Cotton Analyst Naseem Usman told that market volume...

Published 27 Nov, 2020 03:08am

Exchange

Dalian iron ore rises as supplies fall

BEIJING: Benchmark iron ore futures on the Dalian Commodity Exchange rose on Wednesday, snapping a two-session ...

Published 27 Nov, 2020 03:08am

Exchange

Tokyo rubber futures fall

TOKYO: Japanese rubber futures fell for the first time in five days on Thursday as rising coronavirus cases and...

Published 27 Nov, 2020 03:08am

Exchange

Copper hits near 7-year high

LONDON: Copper rallied to its highest in nearly seven years on Thursday on hopes that a vaccine for the coronavirus...

Published 27 Nov, 2020 03:08am

Exchange

Malaysian palm oil falls

KUALA LUMPUR: Malaysian palm oil futures extended early losses on Thursday to close 1.4% lower on worsening November...

Published 27 Nov, 2020 03:08am

Exchange

Provinces and prices

EDITORIAL: It shouldn't take the prime minister's advisor on finance Dr Hafeez Sheikh to remind provinces that...

Published 27 Nov, 2020 03:08am

Exchange

SBP's forex reserves cross $13bn mark

KARACHI: The State Bank of Pakistan's foreign exchange reserves crossed $13 billion mark supported by arrival of...

Updated 27 Nov, 2020 03:59am

Exchange

Sale of Abraaj stake in KE: SEP, other stakeholders to sit together to resolve NSC issue

ISLAMABAD: The federal government has reportedly decided to convene a meeting of all stakeholders including Chinese...

Updated 27 Nov, 2020 03:56am

Exchange

Paris wheat steady on US holiday, exports keep cash market firm

March milling wheat, the most active contract on the Paris-based Euronext exchange.
Continued interest form China, and the fact German wheat is now competitive into North Africa, keeps the balance sheet uneasily tight.

Published 27 Nov, 2020 12:19am

Exchange

London cocoa heads back towards two-month high

March robusta coffee ended up $35, or 2.5%, at $1,411 a tonne.
March white sugar ended up $3.40, or 0.9%, at $404.10 a tonne, with volumes thin due to the US holiday.
March London cocoa ended up 36 pounds, or 2%, at 1,860 pounds per tonne.

Published 27 Nov, 2020 12:12am

Exchange

South African rand weakens as economic concerns weigh, stocks stable

The rand has in recent weeks been supported by an uptick in global risk appetite, which has hurt the dollar.
South Africa suffered another round of downgrades recently, our house is not in order, and this will have more of a longer term impact on the rand

Published 26 Nov, 2020 10:49pm

Commodities

Copper hits near 7-year high on vaccine hopes, fund buying

Three-month copper on the London Metal Exchange was up 1.3% to $7,398 a tonne.
The metal, widely used in power and construction industries, has rallied about 70% since its March lows.

Updated 26 Nov, 2020 10:33pm

Exchange

TSX steady at 9-month high as tech, mining gains offset by energy losses

The largest percentage gainer on the TSX was BRP Inc , which jumped 4.5% after a series of price-target hikes on strong third-quarter results.

Published 26 Nov, 2020 08:56pm

Exchange

Nigeria naira at new low as FX scarcity hit black market

The central bank in November tightened documentation required for imports into the country, further shifting demand to the black market.

Published 26 Nov, 2020 08:51pm

Exchange

Rupee strengthens against US dollar

The exchange rates of Emirates Dirham and Saudi Riyal decreased by one paisa each to close at Rs. 43.35 and Rs. 42.46 respectively.

Published 26 Nov, 2020 05:10pm

Exchange

Russian rouble hits near 10-wk high, stocks extend rally on vaccine optimism

At 0742 GMT, the rouble was 0.3pc stronger against the dollar at 75.35, earlier reaching 75.3025, its strongest level since Sept. 18.

Published 26 Nov, 2020 04:57pm

Exchange

BOJ's assets hit record, ETF holdings surge on efforts to ease pandemic hit

The central bank held a total of 690 trillion yen ($6.6 trillion) in assets as of end-September, up 21pc from a year ago and nearly 1.3 times the size of Japan's economy.

Published 26 Nov, 2020 04:25pm

Exchange

South Korea, China agree on early Xi visit, North Korea talks

China's top diplomat, Wang Yi, arrived in the South Korean capital late on Wednesday, after a two-day visit to Japan, as Asian governments prepare for change under a new U.S. administration.

Published 26 Nov, 2020 04:04pm

Exchange

Pakistan, Denmark agree to establish ‘Green Partnership’

ISLAMABAD: Pakistan and Denmark on Wednesday agreed to explore new avenues of cooperation in green technologies by...