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Print - 2004-08-13
US Midwest soyabean up, corn mostly steady

US Midwest soyabean up, corn mostly steady

Spot cash basis bids for soyabean were steady to firm early on Thursday in the US Midwest, driven by processor demand, while corn bids were mostly steady, dealers said.
Published 13 Aug, 2004 12:00am
Lockheed to help PAF meet its requirements

Lockheed to help PAF meet its requirements

General James, L. Jamerson (Retd), President Middle East and Africa for Corporate Business Development of M/s Lockheed Martin (LM), has expressed the desire that M/s LM would assist Pakistan Air Force (PAF) in meeting its requirements.
Published 13 Aug, 2004 12:00am
Easy condition in cotton market

Easy condition in cotton market

Cotton prices beat a retreat over the last couple of days and conceded about Rs 100 per maund (37.32 kgs).
Published 13 Aug, 2004 12:00am
IMF seeks details of taxation measures

IMF seeks details of taxation measures

To ascertain the impact of taxation policy, the International Monetary Fund (IMF) has asked the Government of Pakistan to provide details of taxation measures and initiatives taken in the Budget 2004-05, for an objective ninth review under the Poverty Red
Published 13 Aug, 2004 12:00am
Easy condition in cotton market

Easy condition in cotton market

Cotton prices beat a retreat over the last couple of days and conceded about Rs 100 per maund (37.32 kgs).
Published 13 Aug, 2004 12:00am
IMF seeks details of taxation measures

IMF seeks details of taxation measures

To ascertain the impact of taxation policy, the International Monetary Fund (IMF) has asked the Government of Pakistan to provide details of taxation measures and initiatives taken in the Budget 2004-05, for an objective ninth review under the Poverty Red
Published 13 Aug, 2004 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was higher and the January vaida was unchanged on the forward cottonseed oilcake market on Thursday amid improved activity.
Published 13 Aug, 2004 12:00am
TCP explains Russian wheat purchase

TCP explains Russian wheat purchase

The Trading Corporation of Pakistan (TCP) has issued a detailed clarification with regard to the report in the Business Recorder's issue of August 12, 2004 captioned "TCP hoodwinked to buy Russian wheat: experts", which it alleged was "misleading and inco
Published 13 Aug, 2004 12:00am
Falling trend seen on cotton market

Falling trend seen on cotton market

Falling trend was seen on the local cotton market on Thursday as official spot rate slid amid improved activity, relevant sources said.
Published 13 Aug, 2004 12:00am
TCP explains Russian wheat purchase

TCP explains Russian wheat purchase

The Trading Corporation of Pakistan (TCP) has issued a detailed clarification with regard to the report in the Business Recorder's issue of August 12, 2004 captioned "TCP hoodwinked to buy Russian wheat: experts", which it alleged was "misleading and inco
Published 13 Aug, 2004 12:00am
Chinese soyabean import to fall: USDA

Chinese soyabean import to fall: USDA

China's soyabean imports in 2004/05 will fall 1 million tonnes from last month's estimates because of lower protein meal demand, the US Department of Agriculture said on Thursday.
Published 13 Aug, 2004 12:00am
Duty-drawback rates on knitted garments cut

Duty-drawback rates on knitted garments cut

The Central Board of Revenue (CBR) has reduced duty-drawback rates on the export of different types of knitted garments and cotton/polyester fusible interlining woven from August 12, 2004.
Published 13 Aug, 2004 12:00am
Duty-drawback rates on knitted garments cut

Duty-drawback rates on knitted garments cut

The Central Board of Revenue (CBR) has reduced duty-drawback rates on the export of different types of knitted garments and cotton/polyester fusible interlining woven from August 12, 2004.
Published 13 Aug, 2004 12:00am
Coffee ends mixed on rollover trading in New York

Coffee ends mixed on rollover trading in New York

NYBOT arabica coffee futures settled mixed in direction's trade on Wednesday as funds resumed switching the front contract for back months, analysts and traders said.
Published 13 Aug, 2004 12:00am
Duty-drawback rates on knitted garments cut

Duty-drawback rates on knitted garments cut

The Central Board of Revenue (CBR) has reduced duty-drawback rates on the export of different types of knitted garments and cotton/polyester fusible interlining woven from August 12, 2004.
Published 13 Aug, 2004 12:00am
New York cocoa futures fall four percent on Ivories rains

New York cocoa futures fall four percent on Ivories rains

NYBOT cocoa front futures slumped over 4 percent to a 22-day low Wednesday as speculators sold on healthy crop prospects in the Ivory Coast, the world's largest cocoa producer, traders and analysts said.
Published 13 Aug, 2004 12:00am
ISE index loses 39.91 points

ISE index loses 39.91 points

Bears returned on the driving seat at the Islamabad Stock Exchange (ISE) where players and genuine traders offloaded their positions amid the decrease in index.
Published 13 Aug, 2004 12:00am
American Seafoods cuts expected IPO price

American Seafoods cuts expected IPO price

American Seafoods Corp filed on Wednesday to lower the estimated price range of its planned initial public offering to $13.50-$14 per income deposit security from $15.20-$16.80.
Published 13 Aug, 2004 12:00am
ISE index loses 39.91 points

ISE index loses 39.91 points

Bears returned on the driving seat at the Islamabad Stock Exchange (ISE) where players and genuine traders offloaded their positions amid the decrease in index.
Published 13 Aug, 2004 12:00am
Mixed posture on LSE

Mixed posture on LSE

Share values painted a mixed picture on Lahore Stock Exchange (LSE), with key players staying on the sidelines, adopting a wait-and see-policy mainly due to the forthcoming election of Shaukat Aziz.
Published 13 Aug, 2004 12:00am
Report says US cotton sales seen steady

Report says US cotton sales seen steady

US cotton sales are seen staying steady in a government report as the 2003/04 marketing year (August/July) draws to a close, brokers said Wednesday.
Published 13 Aug, 2004 12:00am
Mixed posture on LSE

Mixed posture on LSE

Share values painted a mixed picture on Lahore Stock Exchange (LSE), with key players staying on the sidelines, adopting a wait-and see-policy mainly due to the forthcoming election of Shaukat Aziz.
Published 13 Aug, 2004 12:00am
Shanghai copper gains

Shanghai copper gains

Shanghai copper futures inched higher on Thursday on supply worries stemming from declining stocks, with the market expected to rise further in the near term, traders said.
Published 13 Aug, 2004 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

Bearish sentiment continued to rule over the share market for the second consecutive day on Thursday as the KSE-100 Index further plunged by 26 points to close at 5,326.
Published 13 Aug, 2004 12:00am
Malaysian tin down

Malaysian tin down

Malaysian tin fell $55 a tonne on Thursday as sellers seized the chance to profit on recent gains in the market despite a fresh rise in the metal's price in London.
Published 13 Aug, 2004 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

Bearish sentiment continued to rule over the share market for the second consecutive day on Thursday as the KSE-100 Index further plunged by 26 points to close at 5,326.
Published 13 Aug, 2004 12:00am
New York copper higher

New York copper higher

Comex copper closed higher on Wednesday on technical buying that boosted September futures to just below chart resistance, as traders digested on Tuesdays US interest rate hike and turned their focus to further economic data later this week.
Published 13 Aug, 2004 12:00am
Bank holiday

Bank holiday

State Bank of Pakistan and all offices of SBP Banking Services Corporation including Public Debt Office will remain closed on Saturday.
Published 13 Aug, 2004 12:00am
Tokyo platinum softens

Tokyo platinum softens

Tokyo platinum futures fell on Thursday, tracing a drop in gold spurred by the dollar's recovery, although bullish fundamentals were seen supporting the white metal.
Published 13 Aug, 2004 12:00am
Bank holiday

Bank holiday

State Bank of Pakistan and all offices of SBP Banking Services Corporation including Public Debt Office will remain closed on Saturday.
Published 13 Aug, 2004 12:00am
Comex silver loses ground

Comex silver loses ground

Comex silver fell to an eight-day low under $6.50 an ounce on Wednesday, the biggest loser in a precious metals rout after firmness in the dollar, prompted on Tuesdays Federal Reserve interest rate hike, triggered heavy liquidation by commodity funds.
Published 13 Aug, 2004 12:00am
NTN condition for car booking retained

NTN condition for car booking retained

The anomaly committee has decided to retain the condition of obtaining National Tax Number (NTN) while booking locally manufactured cars.
Published 13 Aug, 2004 12:00am
Gold strays little in Asia, awaits US data

Gold strays little in Asia, awaits US data

Gold barely moved in Asia on Thursday ahead of US economic data but physical demand started to emerge with prices hovering far below the key $400 psychological level, traders said.
Published 13 Aug, 2004 12:00am
NTN condition for car booking retained

NTN condition for car booking retained

The anomaly committee has decided to retain the condition of obtaining National Tax Number (NTN) while booking locally manufactured cars.
Published 13 Aug, 2004 12:00am
Sri Lankan tea prices steady

Sri Lankan tea prices steady

Hot demand boosted the price of Sri Lankan low-grown teas at the latest auction, but high-grown varieties declined following a string of strong sales, brokers said on Thursday.
Published 13 Aug, 2004 12:00am
Finance Act IV of 1999 does not apply to Pata: PHC

Finance Act IV of 1999 does not apply to Pata: PHC

A divisional bench of the Peshawar High Court (PHC) has observed that Finance Act IV of 1999 does not apply to the Provincially Administrated Tribal Area (Pata) and the Central Board of Revenue (CBR) could not collect enhanced duties from the petitioner,
Published 13 Aug, 2004 12:00am
US oil holds near $45, frets over Iraq sabotage

US oil holds near $45, frets over Iraq sabotage

World oil prices stayed close to record levels on Thursday as disruptions in US and Iraqi output outweighed assurances by Saudi Arabia, the world's top exporter, that it could immediately add supply if needed.
Published 13 Aug, 2004 12:00am
Finance Act IV of 1999 does not apply to Pata: PHC

Finance Act IV of 1999 does not apply to Pata: PHC

A divisional bench of the Peshawar High Court (PHC) has observed that Finance Act IV of 1999 does not apply to the Provincially Administrated Tribal Area (Pata) and the Central Board of Revenue (CBR) could not collect enhanced duties from the petitioner,
Published 13 Aug, 2004 12:00am
CBOT rice firm on commercial and local buying

CBOT rice firm on commercial and local buying

Chicago Board of Trade rough rice ended higher on Wednesday on commercial and local buying and positioning ahead of Thursday's key US Department of Agriculture crop data, brokers said.
Published 13 Aug, 2004 12:00am
New York sugar settles mixed

New York sugar settles mixed

NYBOT raw sugar futures finished mixed on Wednesday as the spot contract came under pressure from late sales by small speculators, with the market seen possibly easing further from fund liquidation in the days ahead, brokers said.
Published 13 Aug, 2004 12:00am
Indian cotton crop outlook improves on fresh rains

Indian cotton crop outlook improves on fresh rains

Fresh monsoon rains in major cotton-growing regions in India, the world's third-largest producer, have brightened crop prospects that were looking grim during last month's dry spell, traders said on Thursday.
Published 13 Aug, 2004 12:00am
Minimum retail prices of cigarettes fixed

Minimum retail prices of cigarettes fixed

To check evasion of central excise duty (CED) by cigarette manufactures in unorganised sector, the government has fixed a minimum retail price of 10 cigarettes pack.
Published 13 Aug, 2004 12:00am
Soyabean ends mixed

Soyabean ends mixed

Chicago Board of Trade soyabean futures settled mixed on Wednesday, with August up on firm US cash bids and deferred lower on positioning ahead of Thursday's key US Department of Agriculture crop data, brokers said.
Published 13 Aug, 2004 12:00am
Minimum retail prices of cigarettes fixed

Minimum retail prices of cigarettes fixed

To check evasion of central excise duty (CED) by cigarette manufactures in unorganised sector, the government has fixed a minimum retail price of 10 cigarettes pack.
Published 13 Aug, 2004 12:00am
Six nations seen dominating world cotton

Six nations seen dominating world cotton

Six countries will control the global cotton industry within 10 years, with Brazil rising to be the third biggest exporter, leading cotton merchant Bill Dunavant said on Thursday.
Published 13 Aug, 2004 12:00am
Minimum retail prices of cigarettes fixed

Minimum retail prices of cigarettes fixed

To check evasion of central excise duty (CED) by cigarette manufactures in unorganised sector, the government has fixed a minimum retail price of 10 cigarettes pack.
Published 13 Aug, 2004 12:00am
Malaysian palm oil futures down after MPOB data

Malaysian palm oil futures down after MPOB data

Malaysian crude palm oil futures ended down on profit-taking on Thursday, erasing gains, despite official crop data for July that showed a slightly lower growth in palm oil stocks than anticipated.
Published 13 Aug, 2004 12:00am
PTV grand 'Azadi show' on August 13

PTV grand 'Azadi show' on August 13

Pakistan Television Corporation (PTV) will organise a grand "Azadi Show" tonight (Friday) to celebrate the 57th Independence Day.
Published 13 Aug, 2004 12:00am
Three al Qaeda suspects held

Three al Qaeda suspects held

Two top al Qaeda suspects, a Pakistani linked to attempts on President Musharraf's life and an Uzbek national, have been captured, an intelligence official told AFP on Thursday.
Published 13 Aug, 2004 12:00am
Dutch economy unexpectedly falls

Dutch economy unexpectedly falls

The Dutch economy unexpectedly shrank in the second quarter, contracting 0.2 percent from the first three months, but the statistics office said a one-off factor was to blame which had been underestimated by analysts.
Published 13 Aug, 2004 12:00am
Shujaat urges businessmen to speed up investment

Shujaat urges businessmen to speed up investment

Prime Minister Chaudhry Shujaat Hussain has advised the business community to speed up investment in the country to boost economic activity and provide more opportunities for doing business.
Published 13 Aug, 2004 12:00am
Sanofi to push for 100 percent control of Aventis

Sanofi to push for 100 percent control of Aventis

French pharmaceutical group Sanofi-Synthelabo said it would push for 100 percent control of its former rival and newly acquired subsidiary Aventis after the French Financial Market Authority confirmed the success of its controversial take-over offer on Th
Published 13 Aug, 2004 12:00am
Wide range of trade proposals discussed with India

Wide range of trade proposals discussed with India

Pakistan and India discussed a wide range of proposals on promotion of bilateral trade during two days of talks which ended on Thursday, a foreign ministry statement said.
Published 13 Aug, 2004 12:00am
Numico quarterly core profit triples

Numico quarterly core profit triples

Dutch food company Numico NV said on Thursday its second-quarter core profit had tripled over the previous year and its share climbed as investors cheered a reorganisation that was bearing fruit.
Published 13 Aug, 2004 12:00am
Wide range of trade proposals discussed with India

Wide range of trade proposals discussed with India

Pakistan and India discussed a wide range of proposals on promotion of bilateral trade during two days of talks which ended on Thursday, a foreign ministry statement said.
Published 13 Aug, 2004 12:00am
Numico quarterly core profit triples

Numico quarterly core profit triples

Dutch food company Numico NV said on Thursday its second-quarter core profit had tripled over the previous year and its share climbed as investors cheered a reorganisation that was bearing fruit.
Published 13 Aug, 2004 12:00am
Price indices highest in years

Price indices highest in years

There has been marked rise in Sensitive Price Index (SPI), Consumer Price Index (CPI) and Weighted Price Index (WPI) in July 2004 as compared to the same period last year.
Published 13 Aug, 2004 12:00am
Investors cheer UK insurer RSA results, outlook

Investors cheer UK insurer RSA results, outlook

British insurer Royal & Sun Alliance relieved investors on Thursday with first-half profits slightly ahead of forecast, a confident capital outlook and the absence of any nasty surprises.
Published 13 Aug, 2004 12:00am
Price indices highest in years

Price indices highest in years

There has been marked rise in Sensitive Price Index (SPI), Consumer Price Index (CPI) and Weighted Price Index (WPI) in July 2004 as compared to the same period last year.
Published 13 Aug, 2004 12:00am
Investors cheer UK insurer RSA results, outlook

Investors cheer UK insurer RSA results, outlook

British insurer Royal & Sun Alliance relieved investors on Thursday with first-half profits slightly ahead of forecast, a confident capital outlook and the absence of any nasty surprises.
Published 13 Aug, 2004 12:00am
Ciba turns cautious after slow second-quarter net profit

Ciba turns cautious after slow second-quarter net profit

Ciba Specialty Chemicals said on Thursday its markets were not recovering as strongly as it had previously thought, sending its shares lower as it reported second quarter net profit below expectations.
Published 13 Aug, 2004 12:00am
Ciba turns cautious after slow second-quarter net profit

Ciba turns cautious after slow second-quarter net profit

Ciba Specialty Chemicals said on Thursday its markets were not recovering as strongly as it had previously thought, sending its shares lower as it reported second quarter net profit below expectations.
Published 13 Aug, 2004 12:00am
China probes claims of foreign chemical imports

China probes claims of foreign chemical imports

China's Ministry of Commerce said Thursday it had launched a probe into claims that foreign imports of a raw chemical used in making pesticides and medicines were being dumped on the domestic market.
Published 13 Aug, 2004 12:00am
ThyssenKrupp third-quarter pre-tax profit leaps

ThyssenKrupp third-quarter pre-tax profit leaps

Booming steel demand led German industrial group ThyssenKrupp to raise its guidance for full-year earnings after more than doubling third-quarter pre-tax profit.
Published 13 Aug, 2004 12:00am
ThyssenKrupp third-quarter pre-tax profit leaps

ThyssenKrupp third-quarter pre-tax profit leaps

Booming steel demand led German industrial group ThyssenKrupp to raise its guidance for full-year earnings after more than doubling third-quarter pre-tax profit.
Published 13 Aug, 2004 12:00am
Deutsche Telekom vows 'attractive' dividend

Deutsche Telekom vows 'attractive' dividend

Europe's top phone carrier Deutsche Telekom cast a lure for investors on Thursday by vowing to pay an "attractive" dividend next year, but it left them snapping for details until the autumn.
Published 13 Aug, 2004 12:00am
Deutsche Telekom vows 'attractive' dividend

Deutsche Telekom vows 'attractive' dividend

Europe's top phone carrier Deutsche Telekom cast a lure for investors on Thursday by vowing to pay an "attractive" dividend next year, but it left them snapping for details until the autumn.
Published 13 Aug, 2004 12:00am
Howard gives political ground to save US free trade deal

Howard gives political ground to save US free trade deal

Prime Minister John Howard reluctantly backed opposition changes to an Australia-United States free trade deal Thursday in order to save his government's trade policy centrepiece ahead of national elections.
Published 13 Aug, 2004 12:00am
Consumers power French growth in second quarter

Consumers power French growth in second quarter

Consumers powered the French economy to surprisingly strong growth in the second quarter, a rate that matched the fastest expansion in almost four years and outpaced the United States on an annualised basis.
Published 13 Aug, 2004 12:00am
South Africa opens $2.5 billion infrastructure grant

South Africa opens $2.5 billion infrastructure grant

South Africa pledged $2.5 billion on Thursday in a three-year drive to boost services such as water, roads and sanitation - keeping a key election promise of the ruling African National Congress.
Published 13 Aug, 2004 12:00am
Iraq opens export pipeline despite threat

Iraq opens export pipeline despite threat

Iraq's reopened its main southern export pipeline on Thursday despite an uprising by an anti-US cleric that threatened the oil infrastructure.
Published 13 Aug, 2004 12:00am
German GDP growth accelerates in second quarter

German GDP growth accelerates in second quarter

Strong exports helped the German economy grow at its fastest rate in over three years in the second quarter, but analysts said growth may have peaked for this year with oil prices high and domestic demand still weak.
Published 13 Aug, 2004 12:00am
IBM boosts its hiring forecast, sees growth

IBM boosts its hiring forecast, sees growth

International Business Machines Corp said on Thursday it would nearly double the number of new hires this year from previous forecasts, due in part to growth in its global and business consulting services.
Published 13 Aug, 2004 12:00am
MTFG and UFJ ink deal for world's biggest bank

MTFG and UFJ ink deal for world's biggest bank

Japan's Mitsubishi Tokyo Financial Group clinched a deal to take over troubled bank UFJ Holdings Inc on Thursday, edging out a rival in a take-over tussle to form the world's biggest bank.
Published 13 Aug, 2004 12:00am
MTFG and UFJ ink deal for world's biggest bank

MTFG and UFJ ink deal for world's biggest bank

Japan's Mitsubishi Tokyo Financial Group clinched a deal to take over troubled bank UFJ Holdings Inc on Thursday, edging out a rival in a take-over tussle to form the world's biggest bank.
Published 13 Aug, 2004 12:00am
British Islamic bank to launch $73 million IPO

British Islamic bank to launch $73 million IPO

The Islamic Bank of Britain (IBB) is to launch a public offering for shares worth 40 million pounds (73 million dollars), raising the capital of the country's only Islamic bank to 54 million pounds, its president said in an interview published here Thursd
Published 13 Aug, 2004 12:00am
British Islamic bank to launch $73 million IPO

British Islamic bank to launch $73 million IPO

The Islamic Bank of Britain (IBB) is to launch a public offering for shares worth 40 million pounds (73 million dollars), raising the capital of the country's only Islamic bank to 54 million pounds, its president said in an interview published here Thursd
Published 13 Aug, 2004 12:00am
Hewlett-Packard profit falls short of forecasts

Hewlett-Packard profit falls short of forecasts

Hewlett-Packard Co on Thursday said quarterly earnings fell short of forecasts on weakness in computer servers and storage products, and warned the shortfall extended into the current quarter.
Published 13 Aug, 2004 12:00am
Hewlett-Packard profit falls short of forecasts

Hewlett-Packard profit falls short of forecasts

Hewlett-Packard Co on Thursday said quarterly earnings fell short of forecasts on weakness in computer servers and storage products, and warned the shortfall extended into the current quarter.
Published 13 Aug, 2004 12:00am
Indian industrial output surges

Indian industrial output surges

India's industrial output rose 7.3 percent in the year through June, compared with 6.2 percent growth a month earlier, due to robust consumer demand but analysts said the strong growth momentum was likely to taper off.
Published 13 Aug, 2004 12:00am
China axes 'discriminatory' software plan

China axes 'discriminatory' software plan

China has axed a software-buying policy that would have discriminated against Western firms such as Microsoft after bowing to international pressure and internal critics, government and industry sources said on Thursday.
Published 13 Aug, 2004 12:00am
Algeria plans record $50 billion spending over 5 years

Algeria plans record $50 billion spending over 5 years

Algeria will spend a record $50 billion over the next five years to boost economic growth and address growing social needs caused by more than a decade of a brutal uprising, the president's office said.
Published 13 Aug, 2004 12:00am
US retail sales rebound smaller than expected

US retail sales rebound smaller than expected

US retail sales rebounded in July but posted a smaller-than-expected gain while lines for jobless benefits shrank for a second straight week, government reports showed on Thursday.
Published 13 Aug, 2004 12:00am
US Treasury prices rally

US Treasury prices rally

US Treasury debt prices rose mildly on Wednesday as investors awaited data on the US retail sector for clues as to whether consumers will help fuel a rebound in economic growth.
Published 13 Aug, 2004 12:00am
US Treasury prices rally

US Treasury prices rally

US Treasury debt prices rose mildly on Wednesday as investors awaited data on the US retail sector for clues as to whether consumers will help fuel a rebound in economic growth.
Published 13 Aug, 2004 12:00am
Hong Kong stocks finish firmer

Hong Kong stocks finish firmer

Hong Kong's benchmark share index ended 0.57 percent higher on Thursday after local banks left lending rates unchanged despite a hike in the US, boosting property plays.
Published 13 Aug, 2004 12:00am
US tech stocks knocked by Cisco's caution

US tech stocks knocked by Cisco's caution

US technology stocks were knocked lower on Wednesday by a disappointing forecast from bellwether Cisco Systems Inc, but blue chips ended little changed as investors sought out more stable pharmaceutical and consumer names.
Published 13 Aug, 2004 12:00am
Sri Lankan stocks dip

Sri Lankan stocks dip

Sri Lankan stocks reversed early gains to close lower on Thursday, as selling in long-term lender National Development Bank Ltd pushed the index lower. The key Colombo all-share index ended down 0.21 percent, or 3.05 points, at 1,440.26, with turnover lig
Published 13 Aug, 2004 12:00am
Jakarta stocks decline

Jakarta stocks decline

Jakarta stocks fell to profit taking on Thursday after gains in the previous two sessions and dealers said the index would hover around current levels in the near term.
Published 13 Aug, 2004 12:00am
Indian shares extend fall

Indian shares extend fall

Indian stocks and bonds extended falls on Thursday ahead of weekly inflation data, amid worries about both rising prices and how the government and central bank will respond.
Published 13 Aug, 2004 12:00am