KATHMANDU: The official websites of Nepal Stock Exchange (Nepse) — www.nepalstock.com.np and www.nepalstock.com — have been facing technical difficulties in providing live information on transactions since last two days due to ‘heavy trading’. Issuing a press statement on Monday, Nepse has said it will install a new server within two days to facilitate stock investors and in line with its responsibility to disseminate live information on stock trading in the country’s only secondary market.
Wheat import duty
NEW DELHI: India has decided to introduce an import duty of 10 per cent on wheat after a gap of eight years, government sources said on Monday, after senior civil servants met to discuss ways to curb overseas purchases when domestic stocks are ample. Last month, some private firms signed deals to import 500,000 tonnes of high-protein Australian wheat in the biggest such purchases in more than a decade that led to criticism PM Narendra Modi’s government was letting down farmers.
US durable goods
WASHINGTON: New orders for US manufactured durable goods surged in June on the back of aircraft orders, rebounding from two consecutive declines, the Commerce Department reported Monday. Durable goods orders advanced 3.4 per cent in June following a 2.1 per cent decline in May and a 1.7 per cent fall in April. Excluding the volatile transportation equipment sector, durable goods orders rose 0.8 per cent in June.
Russia’s rouble dips
MOSCOW: The Russian rouble on Monday plummeted to a four-month low after stabilising to a degree in spring, hurt by falling oil prices amid a global oversupply of crude. The rouble hit psychological threshold of 66 roubles per euro in afternoon trading in Moscow, a four-month low. The Russian currency also edged closer to 60 roubles per dollar, weakening to 59.8 against the dollar. The ‘short-term outlook for rouble looks cloudy’, said Dmitry Polevoi, chief Russia economist at ING.