Sterling gained some ground against the retreating dollar on Tuesday as investors sold the US currency ahead of the Federal Reserve's interest rate decision.
The dollar slipped across the board on Tuesday as markets waited nervously for an expected interest rate hike by the US central bank and its signals on the future pace of monetary tightening later in the day.
The Swiss franc edged lower against the US dollar and the euro in early European trade on Tuesday, amid expectations the Federal Reserve would raise key US interest rates by a quarter point later in the session.
US stocks edged barely higher in early Tuesday afternoon trading as investors anticipated the Federal Reserve would stay on its course of only "measured" interest-rate increases.
Seoul stocks finished flat on Tuesday, as gains in chip makers such as Samsung Electronics were offset by concerns about weakening corporate earnings momentum in the third quarter.
European corporate bonds ended Tuesday with a slightly softer tone with the main focus on the primary market where several new bonds were due, among them a 1 billion sterling 31-year issue from US retailer Wal-Mart.
European corporate bonds ended Tuesday with a slightly softer tone with the main focus on the primary market where several new bonds were due, among them a 1 billion sterling 31-year issue from US retailer Wal-Mart.
Britain's FTSE 100 spiked to a fresh 26-month record on Tuesday, with oil shares in the ascendant on the eve of a major strategy presentation by oil company Shell and Tesco leading the pack.
Vietnam's central bank has approved a bank to act as a bridge for financial arrangements with local coffee exporters, paving the way for trading directly on London's robusta coffee futures.
London cocoa ended steady on Tuesday after mainly structural and speculative activity as the market continued to keep an eye on sterling's value against the dollar, dealers said.
Brazil should end 2004 with one-third of the world's poultry market, estimated at about 6 million tonnes, after bird flu ravaged Asian producers earlier this year, a Rabobank sector specialist said.
Gold zipped higher in Europe on Tuesday, lifted by a stronger euro, as the market braced for an expected increase in US interest rates, while platinum picked up sharply on Asian buying amid supply worries, dealers said.
London December white sugar closed firmer on Tuesday after recovering from fund and speculator selling which dragged the market down to a three-month low of $229.1 on losses in New York, traders said.
NYBOT cotton futures banked on trade and fund buying to finish higher Tuesday as the market rebounded from a fall to a one-month low due to a record US crop, analysts said.
Paraguayan soyabean farmers are leery of falling prices, dry soils and rowdy peasant protests just weeks before they plant the 2004/05 crop, the leader of an export group said late on Monday.
Oil prices hit a one month-high of $47 a barrel on Tuesday as China showed no let-up in its strong import growth and traders worried that US petroleum inventories had drawn down heavily due to Hurricane Ivan. Supply worries were underpinned by concerns ab
Oil prices hit a one month-high of $47 a barrel on Tuesday as China showed no let-up in its strong import growth and traders worried that US petroleum inventories had drawn down heavily due to Hurricane Ivan. Supply worries were underpinned by concerns ab
Cocoa futures rose for the third straight session Tuesday, with prices creeping close to the top end of a trading range that has held for more than a week on a dearth of fundamental news, traders said.
Arabica coffee futures rallied more than 2 percent to extend a three-month high as funds and roasters engaged in follow-through buying on crop worries in top grower Brazil, traders and analysts said.
NYBOT raw sugar futures banked on trade buying to finish higher Tuesday, with business seen staying volatile in the run-up to expiration of the spot October contract next week, brokers said.
Soft red winter (SRW) wheat futures at the Chicago Board of Trade turned higher early on Tuesday on buying of calls in the wheat options pit, traders said.
Chicago Board of Trade corn futures were range-bound by mid-morning Tuesday after a lower open on harvest pressure, with new-crop December hitting a contract low for the eighth straight session, traders said.
Soyabean futures at the Chicago Board of Trade turned up on oversold conditions early Tuesday, following a weak open on good harvest and yield reports, traders said.
Copper futures were probing fresh contract and five-month highs on Tuesday morning, as fund and chart-based buying extended a recent rally in the face of low metal inventories.
COMEX gold shot to its highest price in 20 days at the open Tuesday, catching some traders wrong-footed as they awaited a Federal Reserve decision on interest rates in the afternoon.
A meeting chaired by Secretary Agriculture Punjab, Arif Nadeem, was held in the office of Cotton Botanist, Multan, to review the cotton crop situation in the province.
City Nazim Naimatullah Khan has submitted a comprehensive report with Director General, Sindh Local Government Commission (SLGC) about the alleged disposal of City District Government Karachi (CDGK)'s property commonly known as "Americano".
Sarhad Chamber of Commerce and Industry (SCCI) President Adeel Rauf has said that he has given a new vision to the Sarhad Chamber during his tenure as president and had introduced new targets and ideas for the protection of the interest of business commun
Acting President, Mohammedmian Soomro has expressed his deep sense of shock and grief over the sad demise of a seasoned parliamentarian, a religious scholar and a sitting member of the National Assembly Maulana Inayat-ur-Rehman.
President General Pervez Musharraf has said, in his meeting with President George Bush scheduled for September 22, he would discuss and review ongoing war on terrorism, the US assistance package, besides bilateral ties and regional and international relat
An expatriate like me was duped to invest in shares offered by PIAC. The shares were valued at around Rs 23, when they were offered for sale to the public.
The government banned publicity and sale of plots by housing societies in Islamabad Capital territory that have not been cleared to save the people from being looted and plundered by plot mafia.
Exception de Mixmind, Jefen, Farina.Z. Mention these brands overseas, or even in China, and few people would recognise they are creations of the country's top fashion designers.
The flag of convenience (FOC) system is offered by some 29 maritime flags namely Antigua and Barbuda, Bahamas, Barbados, Belize, Bermuda, Bolivia, Burma(Myanmar), Cambodia, Cayman Islands, Comoros, Cyprus, Equatorial Guinea, Germany (Second Register) , Gi
As expected, Iran has responded angrily to the resolution adopted by the International Atomic Energy Agency (IAEA) on Saturday, which called on the country to immediately halt its uranium enrichment programme, also setting a November 25 deadline for a ful
In an exclusive interview with Business Recorder on the completion of his four-year tenure as Federal Tax Ombudsman, Justice Saleem Akhtar (retd) expressed his satisfaction over the process of change for the better in the mindset of the various tax
Emirates Sky Cargo has announced that it is set to start offering dedicated cargo freighter services to Lahore, the second largest city and industrial center in Pakistan and Johannesburg, South Africa's commercial capital.
For centuries people have draped fabric around themselves. The Greeks, the Romans, the Buddhists, the Egyptians and the women of the Sub-continent are all part of the Saari mythology.
Progressive Group led by Sardar Muhammad Ali Jogezai has swept annual election of all the eight seats of the executive committee, Quetta Chamber of Commerce and Industry (QCCI) for the year 2004-05.
Company registration office of the Securities and Exchange Commission of Pakistan (SECP) has received 42 applications of seizure during the current financial year through easy exit scheme to wind up their businesses.
Sohail Altaf Khan, Vice President and Zonal Chairman, Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has felicitated Najam Rehan, for his election as President of Rawalpindi Chamber of Commerce and Industry (RCCI) and expressed hope that
Shahid Nawab, a prominent businessmen and member of the Independent Urdu Group (IUG) in the elections of Karachi Chambers of Commerce and Industry elections (KCCI) has denied his support to the BMA group.
Najam Rehan a businessman of General Trading, has been elected as new President of Rawalpindi Chamber of Commerce and Industry (RCCI), for the year 2004-05, while Jalil Ahmed Malik and Asad Haider Mashadi were elected as senior vice president and vice pre
A high-level meeting chaired by the NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) here at Governor's House on Tuesday discussed proposals regarding devolution of power plan in Fata and restructuring of various line departments at the
A three-member bench of the Supreme Court of Pakistan on Tuesday adjourned petitions against the franchised policy of the Punjab government regarding transport system in various cities of the province.
Waseem Haqqie, Chairman, Board of Investment, on Wednesday will launch the UNCTAD's World Investment Report 2004 in Pakistan. The United Nations Conference on Trade and Development (UNCTAD), which serves as the focal point with the United Nations Secretar
Chief Election Commissioner (CEO) former Chief Justice Irshad Hassan Khan has given the schedule of by-election calling upon members of union councils in Kalat tehsil, Kalat district to elect Nazim.
The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
The 15th annual conference of First Women Bank Ltd was held on Monday at a local hotel. The conference was chaired by the President First Women Bank Ltd. Ms. Zarine Aziz.
A division bench of High Court of Sindh (SHC) comprising Justice Wahid Bux Brohi and Rehmat Hussain Jaffery on Tuesday issued bailable warrant of arrest against Javed Akhtar Pirzada in the sum of Rs 300,000.
The Peshawar High Court Bar Association (PHCBA) on Tuesday while debating its Inquiry Commission Report on Wana strongly condemned military operation in South Waziristan Agency and feared it would create hate against the armed forces if it was not stopped
Prime Minister Shaukat Aziz on Tuesday appreciating the report prepared by the European Union on Kashmir issue, said that the European Parliament's report will be a great help in resolving the issue.
Deputy Speaker National Assembly Sardar Muhammad Yaqub Khan has said that the present government has concentrated its special attention on brining political, industrial and economic stability in the country.
Bharakhu will be provided natural gas this year with the financial assistance of Punjab, Sui Northern Gas Pipelines Limited (SNGPL) managing-director Abdur Rashid Lone said on Tuesday.
Grant of 4,000 metric tons of Exceptional Flexibility (EF) quota by the EU would not only help Pakistan to increase its export earnings but also help avert the threats of closure of factories due to the full utilisation of already available quotas.
Pakistan and Saudi Arabia on Tuesday decided to further expand co-operation in the health sector particularly in the export of high quality surgical equipment and medicines to Saudi Arabia.
Ministry of Food, Agriculture and Livestock (Minfal) and the Ministry of Commerce will establish a joint monitoring system to ensure close watch on cotton prices.
The Pakistani IT industry could grow faster by checking software piracy, as 83 percent illegal software installed on computers last year represented a loss of over $ 16 million to the information technology (IT) sector.
A two-member bench of the Supreme Court on Tuesday dismissed six review petitions of Pakistan State Oil (PSO) against employees and directed the petitioner to implement judgement of the court in full spirit according to its contents.
Saarc-member states have vowed to effectively tackle the growing menace of HIV particularly among the young people in this region by exchanging knowledge and learning from each others experience.
Pressure built up on the rupee in the interbank market on Tuesday in the absence of State Bank's support as a result of which it lost six paisa against dollar at Rs 59.07 and Rs 59.09 for buying and selling, respectively, currency dealers said. They said
The Low social status, attributed to women in developing world, has a direct bearing on all aspects of their life, including their very right to exist, opined a senior researcher and International Federation of Gynaecology and Obstetrics, Secretary Genera
Pressure built up on the rupee in the interbank market on Tuesday in the absence of State Bank's support as a result of which it lost six paisa against dollar at Rs 59.07 and Rs 59.09 for buying and selling, respectively, currency dealers said. They said
Minister of State for Water and Power Engineer Amir Maqam has said that the government intends to give priority for construction of small dams in the NWFP to cope with the situation of water shortage in the province.
It is a public limited company incorporated in the province of Punjab having its registered office situated at Liaquatabad Road, Faisalabad. The principal activity of the company is manufacture and sale of yarn. Its manufacturing facilities are located in
Sindh Government will establish three trauma centres in Karachi besides authorising at least one private health facility in each town of the city to provide first aid to victim of any casualty to save lives of people.
It is a public limited company incorporated in the province of Punjab having its registered office situated at Liaquatabad Road, Faisalabad. The principal activity of the company is manufacture and sale of yarn. Its manufacturing facilities are located in
City District Government Karachi (CDGK) has started initiating steps to ensure food item supply at lower prices and to control prices of essential commodities.
The company is one of the constituent members of Service Group which has diversified interest shows, tyres, syringes manufacture (Service Industries Limited), retailing (Service Sales Corporation), Leather (Hilal Tanneries Ltd and Cotton yarn (Dar Es Sala
Acting President Mohammedmian Soomro on Tuesday conferred the award of Nishan-e-Imtiaz (Military) on Admiral Ozden Ornek, Commander of Turkish Naval Forces in a special investiture ceremony held at Aiwan-e-Sadr.