CSCE cocoa futures jumped nearly 4.6 percent on Tuesday to its highest level in six sessions on short-covering by speculators in a thin market with supportive spread trade, brokers said. "We went up on speculative buying. Volume was light. There was some
Despite a near doubling in domestic wheat production in 2003, Brazilian flour mills imported more wheat last year than in 2002, spending over $1 billion, millers and wheat specialists said.
Financial markets are becoming increasingly doubtful that the Group of Seven industrial powers can agree on how to tackle dollar weakness and the latest comments of policymakers give little indication any such accord is likely.
Halliburton, the Texas oilfield services firm once run by US Vice President Dick Cheney, said on Tuesday one of its subsidiaries had won a logistics contract worth 12 million pounds with Britain's defence ministry.
China Life Insurance Co Ltd, which last year's sold the world's largest IPO at $3.5 billion, said on Wednesday that state auditors uncovered accounting irregularities at its predecessor company, a development that could deflate investors' China mania.
China Life Insurance Co Ltd, which last year's sold the world's largest IPO at $3.5 billion, said on Wednesday that state auditors uncovered accounting irregularities at its predecessor company, a development that could deflate investors' China mania.
An Indian parliamentary panel on Wednesday upheld a report by an environmental group that said beverages made by Coca-Cola Co and PepsiCo Inc contained pesticides and called for tougher safety standards.
Iraq's creditors are still divided over whether the country needs a huge debt write-off or a repayment rescheduling which would give it a breathing space until it starts pumping more oil, a creditor source told Reuters.
The Netherlands' biggest bank ABN Amro on Wednesday raised the possibility of a merger as it scrapped a take-over defence and reported record net profit for 2003, boosted by a turnaround in investment banking.
South Korea's largest credit card firm, LG Card Co, delayed the first stage of its $4.5 billion bailout for at least a week on Wednesday after two foreign-controlled banks failed to agree to the plan.
Algeria and China signed several co-operation pacts during Chinese President Hu Jintao's visit ending Wednesday, including an agreement on oil and gas, much needed by China to fuel runaway growth.
The US services sector forged ahead at a record pace in January, outstripping expectations for a more modest expansion, and hinting at even better economic growth to come, a report on Wednesday showed.
European economic recovery is firmly under way, but the millions out of work may have to wait before firms take on more staff, surveys of the key services sector suggested on Wednesday.
France Telecom posted a big rise in 2003 operating profit on Wednesday but its shares tumbled after weakness in its fixed-line businesses raised concerns about future growth.
Malaysia's exports in 2003 breached the 100 billion-dollar mark for the first time, driving the trade surplus up 45.7 percent year-on-year to a record high of 75.04 billion ringgit (19.75 billion dollars), the trade ministry said Wednesday.
Oil prices fell more than a dollar Wednesday after the US government reported a surprisingly large rise in crude supplies in the world's biggest energy consumer.
London sugar futures ended weaker on Wednesday in spread-based trade and dealers said activity remained focused on the coming expiry of the March contract.
NYCE cotton futures crawled to a firmer finish Wednesday on trade and speculative buying as players awaited tomorrow's weekly USDA export sales report, brokers said.
Gold traded sideways in a quiet European session on Wednesday, but analysts were disappointed with its recent performance, given security threats which should raise its profile as a safe-haven asset, and renewed dollar weakness.
London cocoa futures ended lower after a mixed session, with origin selling pressuring prices down and industry supporting a market that was assessing new data from Ivory Coast, dealers said.
Base metals held mostly firm in Wednesday London Metal Exchange (LME) open-outcry trading, notching up fresh highs on continued fund buying, traders said.
CSCE coffee futures fell 4 percent to touch a two-week low Wednesday as commodity funds sold, reducing their record long position before the approach of first notice day, brokers said.
CSCE raw sugar futures ended softer Wednesday on light speculative sales in range-bound business, with most of the running in the market taken up by players engaged in switch trades, brokers said.
Chicago Board of Trade soybeans rose on Wednesday amid firm US cash values and speculative follow-through buying and on a rally in neighbouring soymeal from its one-month low on Tuesday, brokers said.
COMEX copper futures rose to new highs on Wednesday, driven by a slew of factors from striking miners to the falling dollar to signs of increasing demand in the latest orders data, traders.
COMEX gold was firm early Wednesday, settled in a small range as investors awaited a rich nations finance ministers meeting Friday for possible comments on the strong euro or renewal of a central bank gold sales pact.
Nagging worries over Asia's bird flu outbreak drove Singapore shares to a three-week low on Wednesday, led by banks such as DBS Group Holdings after a sector downgrade.
South Korean shares ended lower on Wednesday, hit by foreign selling of Samsung Electronics Co Ltd after weaker earnings from US tech bellwether Cisco Systems, and also a big fall in Kookmin Bank.
Hong Kong stocks ended little changed on Wednesday as bargain hunting offset worries over the spread of bird flu to neighbouring Guangdong province and weak quarterly results from US tech giant Cisco Systems.
Malaysian shares finished at their lowest in almost a month on Wednesday due to worries that the country may have been hit by the bird flu outbreak but the rumours were swiftly denied by the authorities.
Taiwan stocks closed a touch lower on Wednesday as disappointing results from US network equipment maker Cisco Systems weighed on tech shares like UMC, but industrial shares rebounded to offset losses.
China's shares closed two percent higher on Wednesday, buoyed by solid gains in bank stocks on news that China's Big Four state lenders could issue nearly $36 billion in subordinated bonds to boost their capital base.
Japan's Nikkei average fell to a six-week low on Wednesday as a weakening dollar raised concerns about corporate earnings and spurred selling of Canon Inc and other exporters.
Australian stocks finished a shade firmer on Wednesday thanks to the central bank's decision not to raise rates, but spice maker Burns Philp plumbed an 11-month low after reporting a fall in first-quarter profit.
US stocks ended slightly higher on Tuesday as more US companies reported strong quarterly profits, but investors were shaken by the discovery of the poison ricin in a US Senate office late Monday evening.
Philippine stocks led by telecom leader PLDT rose for the first time in six days on Wednesday as punters scoured the market for bargains after it sank to its lowest level this year.
Indian shares reversed a four-day slide and jumped more than two percent on Wednesday as investors spotted bargains among both technology and old economy companies, while the rupee inched higher to a fresh 12-week closing high.
US technology stocks were lower at midday Wednesday after cautious comments from Cisco Systems Inc's chief executive about the outlook for technology spending overshadowed reports showing manufacturing and the services sector were stronger than expected.
European corporate bonds eked out gains on Wednesday, as investors focused on Germany's DaimlerChrysler 2003 profits, while France Telecom results fuelled concern over fixed line business.
European corporate bonds eked out gains on Wednesday, as investors focused on Germany's DaimlerChrysler 2003 profits, while France Telecom results fuelled concern over fixed line business.
Britain's FTSE-100 index turned up late in the day to close higher on Wednesday following strong US economic data, although many investors expect Britain will raise interest rates on Thursday to cool UK growth.
The dollar hit a three-year low on the yen on Tuesday and slid versus the euro after a top US official fanned the view G7 ministers would offer the greenback little help and the poison ricin was found in US Senate mail.
The Bangladeshi taka ended stronger against the dollar on Wednesday in dull inter-bank trading following a three-day-long Eid -ul-Azha holiday, dealers said. The taka was quoted at 58.8250/58.8650 per dollar against 58.82/58.8750 on Saturday.
Asian currencies were confined to narrow ranges and sluggish movements on Wednesday due to ambiguity over the outcome of the approaching Group of Seven meeting in Florida.
The Indian rupee notched mild gains on Wednesday despite central bank intervention to hit a fresh 12-week closing high, helped by foreign investment and trade inflows, traders said.
Sterling rose to one-year highs on a trade-weighted basis and gained ground on the stumbling dollar as robust data cemented the view the Bank of England will kick off this year's interest rate hikes with a move this week.
The dollar fell back near to a multiyear low against the yen on Wednesday on the fading prospect of any kind of support emerging from a Group of Seven (G7) finance ministers' meeting at the end of the week.
The dollar retained a weak bias on Wednesday, sticking near the previous session's three-year low against the yen with many traders doubting Group of Seven finance ministers would agree measures to halt its slide.
Afghan President Hamid Karzai has replaced the country's intelligence head, officials said on Wednesday, weeks after the capital Kabul was rocked by a burst of violence.
China plans to build a railway linking the port of Dalian with Russia, the latest project to help pump new life into its dilapidated north-east, the China Daily said on Wednesday.
Top Chinese academics have dismissed Taiwan President Chen Shui-bian's latest peace overtures as an attempt to win votes in a presidential election next month - a sure sign China will reject his offer.
Israeli Prime Minister Ariel Sharon was considering calling summer elections to see off a revolt against his shock plan to evacuate all the Gaza settlers, as top aides to Sharon and Palestinian premier Ahmed Qorei sought to arrange a long-awaited summit.
India's ruling coalition set about selling its vote-catching pre-election budget on Wednesday, as the election commission discussed the dates of an early poll.
Ministers or officials from 26 nations, including US Attorney-General John Ashcroft, began talks Wednesday in Indonesia's bomb-scarred Bali island on ways to fight regional terrorism.
Rival Democrats fighting Senator John Kerry for their party's presidential nomination have a short window to spoil Kerry's White House dreams following his latest primary wins, several US newspapers said Wednesday.
Japan does not expect any major breakthrough in a fresh round of six-country talks on North Korea's nuclear programmes to be held in Beijing later this month, a senior Japanese government official said on Wednesday.
Russia on Wednesday came out against the International Court of Justice (ICJ) examining a protest about the controversial Israeli-built security barrier in the West Bank.
Thailand's premier has asked the government to investigate whether chickens being culled here to prevent the spread of bird flu could be cooked, canned and sent to poor countries, a minister said Wednesday.
Australia's prime minister ruled out on Wednesday an independent investigation into intelligence on Iraqi weapons, saying a parliamentary inquiry had covered the issue thoroughly and the public would soon get the facts.
Iran's supreme leader, Ayatollah Ali Khamenei, has rejected the postponement of the February 20 elections demanded by reformists following the barring of hundreds of their candidates, members of parliament and press reports said Wednesday.
The United States is deploying a half dozen B-52 bombers to Guam this month as part of a 90-day rotation to back up US forces in the region, air force officials said Wednesday.
Afghanistan's former king Mohammad Zahir Shah, 89, was flown overnight to New Delhi for hospital treatment after complaining of intestinal problems, the Afghan ambassador to India said Wednesday.
A top adviser to British Defence Secretary Geoff Hoon who contradicted statements made by his minister during an inquiry into the suicide of a government weapons scientist has resigned, officials said Tuesday.
The war in Iraq is the "greatest blunder" in British foreign policy since the 1956 Anglo-French expedition in Suez, Egypt, former British foreign secretary Robin Cook wrote in the Independent daily Wednesday.
US Defence Secretary Donald Rumsfeld insisted Wednesday there was no definitive proof that Iraq had no weapons of mass destruction as he launched a strong defence of US intelligence on Iraq.
Britain's Tony Blair dismissed a fresh assault on the case he made for attacking Iraq but the prime minister was hounded by members of the public on Wednesday as he failed to quell the furore over Iraq's missing weapons of mass destruction.
A US soldier was killed and another injured Tuesday when a home-made bomb exploded south of Baghdad as a patrol was sweeping the area for booby traps, a US military spokesman said.
An inquiry commission has exonerated Defence Minister George Fernandes from corruption charges in a bribes-for-arms scandal which surfaced three years ago, media reports said Wednesday.
Ukrainian writers and publishers set ablaze manuscripts and books in front of government headquarters on Wednesday to denounce tax policies they say could kill off the ex-Soviet state's fledgling publishing sector.
The Taleban will never co-operate with the US-backed government in Afghanistan even if their leader is given the presidency, a man claiming to represent the hard-liners said on Wednesday.
The US army apologised Wednesday for killing an Iraqi child on a family picnic in the northern region of Kirkuk, as his father vowed to sue the military for compensation.
After years of pleading for his freedom, British gunrunner Peter Bleach was released Wednesday from an Indian jail where he had been serving a life sentence for air-dropping arms to militants.
Asia's deadly bird flu has spared Europe so far, but governments are busy drawing up contingency plans to deal with any outbreak including mass culls, transport curbs and farm disinfection, officials said on Wednesday.
The death toll from Asia's bird flu outbreak rose to 15 on Wednesday as the virus ravaged poultry flocks in 10 countries and, most worrying, spread in China.
The mayor of South Korea's second largest city was found dead in a jail cell on Wednesday where he was awaiting the outcome of an investigation into charges he took $85,000 in bribes, an official at city hall said.
Billionaire fund manager George Soros said on Wednesday the United States under President George W. Bush was "a danger to the world" and renewed a pledge to open his wallet to Democratic party challengers.
The toll from a car blast in Russia's southern city of Vladikavkaz near war-torn Chechnya rose on Wednesday to two dead after a soldier died of his injuries in hospital, news agencies reported.
Until the 1860's The Main Crop Produced on the island of Sri Lanka, then Ceylon, was coffee. But in 1869, the coffee-rust fungus, Hemileia vastatrix, killed the majority of the coffee plants and estate owners had to diversify into other crops in order to
Human Society is a product of consumerism which brings men closer to each other and offer a facilitated life style by benefiting from services and products produced by others.
With an economy of $16.6 billion, and a per capita GDP of about $872, Sri Lanka has mostly enjoyed strong growth rates in recent years. Sri Lanka began to shift away from a socialist orientation in 1977.
The Board of Investment of Sri Lanka is structured to function as a central facilitation point for investors, providing advice and assistance at every stage of the investment process. It is the only organisation an investor needs to contact.
The 56th Anniversary of the Democratic Socialist Republic of Sri Lanka is a day of rejoicing throughout that Country which has crossed numerous hurdles to reach this stage where she can stand in the comity of nations with her head held high as a leader wh
I consider it an honour and a privilege to issue a message on the auspicious occasion of the 56th Anniversary of Independence of the Democratic Socialist Republic of Sri Lanka.
Today, we celebrate the 56th Anniversary of Sri Lanka's Independence. This is traditionally an occasion to reflect on the past and look to the future with renewed commitment and dedication to pursue our objective of achieving lasting peace and prosperity.