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Print - 2004-10-31
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (October 30, 2004).
Published 31 Oct, 2004 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 31 Oct, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 31 Oct, 2004 12:00am
Brazilian sugar vessels line-up rises

Brazilian sugar vessels line-up rises

The line-up of vessels waiting to load sugar in Brazil's ports rose to 53 from 48 last week, shipping agent Williams said Thursday.
Published 31 Oct, 2004 12:00am
Evergreen Marine third-quarter net soars on freight rates

Evergreen Marine third-quarter net soars on freight rates

Taiwan's Evergreen Marine Corp, the world's third largest shipping line, posted a 167 percent jump in third quarter profit on Friday as freight rates stay high on strong exports from Asia, especially China.
Published 31 Oct, 2004 12:00am
Evergreen Marine third-quarter net soars on freight rates

Evergreen Marine third-quarter net soars on freight rates

Taiwan's Evergreen Marine Corp, the world's third largest shipping line, posted a 167 percent jump in third quarter profit on Friday as freight rates stay high on strong exports from Asia, especially China.
Published 31 Oct, 2004 12:00am
Asian freight rates up, seen strong till year-end

Asian freight rates up, seen strong till year-end

Panamax dry bulk rates strengthened on Tuesday, and shipping sources said the market was likely to remain firm for the rest of the year due to China's return to the market and seasonal factors.
Published 31 Oct, 2004 12:00am
Strike hits Ports of Auckland volumes

Strike hits Ports of Auckland volumes

New Zealand's Ports of Auckland Ltd said on Thursday that a four-day strike had cut its cargo volumes in September.
Published 31 Oct, 2004 12:00am
Santos cargo shipments jump

Santos cargo shipments jump

The Brazilian port of Santos, Latin America's largest port, moved 6.1 million tonnes of cargo in September, up 13 percent from the same month last year, with sugar, ethanol and diesel oil exports leading the way, the Port Authority said on Thursday.
Published 31 Oct, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 95,672 tonnes of cargo including 69,496 tonnes import and 26,176 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.
Published 31 Oct, 2004 12:00am
Parmalat gives prosecutors new evidence against banks

Parmalat gives prosecutors new evidence against banks

Parmalat's administrator has handed prosecutors probing the food group's insolvency new evidence aimed at proving certain foreign banks played a key role in its near collapse, judicial sources said on Saturday.
Published 31 Oct, 2004 12:00am
Firms lap up commercial space in Bangalore: official

Firms lap up commercial space in Bangalore: official

Companies in India's high-tech city of Bangalore are lapping up commercial space with the country's only joint venture IT park almost fully occupied, an official said Saturday.
Published 31 Oct, 2004 12:00am
Hollinger amends Black complaint, adds claims

Hollinger amends Black complaint, adds claims

Hollinger International Inc amended its fraud complaint against former Chief Executive Conrad Black and others on Friday, adding former Pentagon adviser Richard Perle to a list of executives and directors the publisher accuses of stealing from the company
Published 31 Oct, 2004 12:00am
Dollar decline points to boost for US companies

Dollar decline points to boost for US companies

The US dollar accelerated its broad decline in October, hinting at a slight boost in fourth-quarter financial results for American companies doing business overseas.
Published 31 Oct, 2004 12:00am
Governments sustain oil demand surge with fuel subsidies

Governments sustain oil demand surge with fuel subsidies

Governments around the world are helping sustain rapid oil demand growth by subsidising fuel or keeping duties low, limiting bills for consumers to avoid a public backlash over record prices.
Published 31 Oct, 2004 12:00am
Secondary Iraq pipeline hit, exports normal

Secondary Iraq pipeline hit, exports normal

Saboteurs have blown up a section of a secondary pipeline feeding the export and domestic oil network in northern Iraq, oil officials said on Saturday.
Published 31 Oct, 2004 12:00am
China on guard against over-investment

China on guard against over-investment

China is on guard against a resurgence of investment in overheated sectors, a banking regulatory official said on Saturday just days after a surprise interest rate rise.
Published 31 Oct, 2004 12:00am
Iran oil exports safe after pipeline fire

Iran oil exports safe after pipeline fire

A 12-metre stretch of crude oil pipeline in Iran's oil-rich south-west has been destroyed in a fire, but oil officials said exports from Opec's second biggest producer would be unaffected, media said on Saturday.
Published 31 Oct, 2004 12:00am
Venezuela and Brazil sign energy co-operation deal

Venezuela and Brazil sign energy co-operation deal

Venezuela and Brazil late Friday signed an energy accord to share technical expertise and explore possible joint ventures and investment between the two South American neighbours, officials said.
Published 31 Oct, 2004 12:00am
Bangladesh working on 20-year energy plan

Bangladesh working on 20-year energy plan

Energy-starved Bangladesh is working on a 20-year plan to attract foreign investment that would boost supplies of natural gas, the country's principal power source, the energy minister said on Saturday.
Published 31 Oct, 2004 12:00am
Malaysia tin dips

Malaysia tin dips

Malaysian tin fell $20 a tonne on Friday on profit-taking, after hitting a two-week high and returning to the psychologically-important $9,000-a-tonne mark the day before.
Published 31 Oct, 2004 12:00am
Soyabeans lower on speculative sales, CIF

Soyabeans lower on speculative sales, CIF

Chicago Board of Trade soyabeans ended lower on Friday on month-end speculative sales and weak Gulf CIF values, but losses were pared on concerns that late harvest delays could linger into next week, brokers said.
Published 31 Oct, 2004 12:00am
Australian grain: harvest tempered by drought

Australian grain: harvest tempered by drought

As Australia's winter harvest of wheat, barley and canola gathers pace, farmers are counting the cost of recent hot, dry weather and bracing in some areas for swarms of locusts.
Published 31 Oct, 2004 12:00am
CBOT rice firm on commercial buying

CBOT rice firm on commercial buying

Chicago Board of Trade rough rice futures ended firm on Friday as commercial buying outweighed speculative sales, traders said.
Published 31 Oct, 2004 12:00am
Zambia seeks to double maize output

Zambia seeks to double maize output

Zambia plans to double white maize production to 2.4 million tonnes in 2004/05 and has distributed 60,000 tonnes of subsidised fertiliser to farmers, the agriculture minister said on Friday.
Published 31 Oct, 2004 12:00am
New York copper jumps nearly 7 percent, China factor fades

New York copper jumps nearly 7 percent, China factor fades

Copper futures in New York rallied 6.7 percent, settling near their session highs on Friday, as the market rebounded from a sell-off on Thursday that was called an overreaction to China's surprise interest rate hike.
Published 31 Oct, 2004 12:00am
New York sugar firms up

New York sugar firms up

NYBOT raw sugar futures closed higher on Friday as trade buying enabled the market to rebound from a one-month low, and the sweetener should use the bounce to grind higher next week, brokers said.
Published 31 Oct, 2004 12:00am
Canadian bonds end mixed

Canadian bonds end mixed

The Canadian ond prices were mixed on Friday as the strong September GDP seemed to confirm that Canada's economy is running in high gear, meaning that interest rates will keep rising. Safe-haven hopes gave some issues a last-minute boost.
Published 31 Oct, 2004 12:00am
Canadian bonds end mixed

Canadian bonds end mixed

The Canadian ond prices were mixed on Friday as the strong September GDP seemed to confirm that Canada's economy is running in high gear, meaning that interest rates will keep rising. Safe-haven hopes gave some issues a last-minute boost.
Published 31 Oct, 2004 12:00am
Chile stocks soar

Chile stocks soar

Chile's blue chip stock index IPSA set a fresh record high on Friday with enough momentum from leading companies' positive third-quarter earnings to overcome pessimism about global economic growth.
Published 31 Oct, 2004 12:00am
US corporate bonds spread flat

US corporate bonds spread flat

US corporate bond spreads wrapped up the week mostly unchanged on Friday and activity was light as traders marked time ahead of Tuesday's presidential election.
Published 31 Oct, 2004 12:00am
US corporate bonds spread flat

US corporate bonds spread flat

US corporate bond spreads wrapped up the week mostly unchanged on Friday and activity was light as traders marked time ahead of Tuesday's presidential election.
Published 31 Oct, 2004 12:00am
Brazilian markets finish firmer, IPO helps

Brazilian markets finish firmer, IPO helps

Brazilian stocks finished higher on Friday in slow pre-holiday trade, with the highlight being shoemaker Grendene SA's 12.1 percent surge on its first day on the market.
Published 31 Oct, 2004 12:00am
US Treasuries tick up ahead of vote

US Treasuries tick up ahead of vote

US Treasury debt prices rose on Friday as uncertainty ahead of the US presidential election, compounded by the appearance of a new video tape from Osama bin Laden, prompted some last-minute interest in safe-haven bonds.
Published 31 Oct, 2004 12:00am
US Treasuries tick up ahead of vote

US Treasuries tick up ahead of vote

US Treasury debt prices rose on Friday as uncertainty ahead of the US presidential election, compounded by the appearance of a new video tape from Osama bin Laden, prompted some last-minute interest in safe-haven bonds.
Published 31 Oct, 2004 12:00am
IPO view: Hoping the election won't stall the momentum

IPO view: Hoping the election won't stall the momentum

After a whirlwind week that was the busiest for initial public offerings in four months, US IPOs will come to a virtual standstill early next week to await the outcome of the US presidential elections.
Published 31 Oct, 2004 12:00am
Argentine shares rise

Argentine shares rise

Argentine stocks rose on Friday to mark a record high for the second time this week, boosted by investor optimism on the government's planned restructuring of $100 billion in defaulted debt, traders said.
Published 31 Oct, 2004 12:00am
American credit market outlook

American credit market outlook

Motorola Inc last week reported disappointing earnings, but its credit quality has improved dramatically since the spring, and has room to improve further, traders said.
Published 31 Oct, 2004 12:00am
American credit market outlook

American credit market outlook

Motorola Inc last week reported disappointing earnings, but its credit quality has improved dramatically since the spring, and has room to improve further, traders said.
Published 31 Oct, 2004 12:00am
Mexican stocks rally

Mexican stocks rally

Mexican stocks rallied 1.07 percent to close at a record high on Friday, bolstered by recent strong corporate earnings from companies like cell phone operator America Movil.
Published 31 Oct, 2004 12:00am
Emerging debt up on US data, election jitters

Emerging debt up on US data, election jitters

Emerging market spreads narrowed on Friday, supported by weaker-than-expected US economic data and a drop in crude oil prices which drove investors into higher-risk assets.
Published 31 Oct, 2004 12:00am
Emerging debt up on US data, election jitters

Emerging debt up on US data, election jitters

Emerging market spreads narrowed on Friday, supported by weaker-than-expected US economic data and a drop in crude oil prices which drove investors into higher-risk assets.
Published 31 Oct, 2004 12:00am
Dow gains, but caution rules before US election

Dow gains, but caution rules before US election

US blue chip stocks ended higher on Friday, helped by gains in energy companies, although investors showed caution before next week's presidential election.
Published 31 Oct, 2004 12:00am
IMM speculators add net yen long position: CFTC

IMM speculators add net yen long position: CFTC

Currency speculators on the Chicago futures market added net long yen positions in the week ended October 26, data from the Commodity Futures Trading Commission showed on Friday.
Published 31 Oct, 2004 12:00am
New foreign exchange specs index seeks to improve on IMM data

New foreign exchange specs index seeks to improve on IMM data

A new weekly index that tracks the positioning of short-term currency investors will seek to improve on the timeliness and accuracy of the only other gauge of speculative trading activity available to the market, a private business group said on Friday.
Published 31 Oct, 2004 12:00am
Soft dollar, pricey oil cloud Gulf currency outlook

Soft dollar, pricey oil cloud Gulf currency outlook

The currencies of Gulf Arab oil-exporting countries have not benefited from the revenue windfall from this year's spike in the price of crude as they are pegged to the dollar and have suffered from its weakness.
Published 31 Oct, 2004 12:00am
Indian foreign exchange reserves rise

Indian foreign exchange reserves rise

India's foreign exchange reserves rose for the eight week in a row to within striking distance of a record struck this year, boosted by a weaker dollar and foreign investments in a $1.2 billion share sale, analysts said.
Published 31 Oct, 2004 12:00am
Japan says no foreign exchange intervention

Japan says no foreign exchange intervention

Japan's Ministry of Finance said on Friday it did not intervene in the foreign exchange market in the four weeks ended October 27, despite the yen's steep rise to a six-month high against the dollar.
Published 31 Oct, 2004 12:00am
CBOT wheat tumbles

CBOT wheat tumbles

Talk that China may have switched orders for soft red winter (SRW) wheat to hard red spring (HRS) wheat and profit-taking by speculators drove Chicago Board of Trade SRW wheat futures to a lower close on Friday, traders said.
Published 31 Oct, 2004 12:00am
Thai rice futures end mixed

Thai rice futures end mixed

Thai rice futures ended mixed in lights trade on Friday as distant contracts rose on speculative buying, brokers said.
Published 31 Oct, 2004 12:00am
Oil cake market rates

Oil cake market rates

Falling trend was again seen on the forward cotton seed oil cake market as the buyers were on the sidelines due to lack of interest, dealers said.
Published 31 Oct, 2004 12:00am
Bearish sentiment on cotton market

Bearish sentiment on cotton market

Prices continued downward movement on cotton market on Saturday in low activity as leading buyers including mills preferred to remain on sidelines on anticipation of further erosion in prices, dealers said.
Published 31 Oct, 2004 12:00am
Philippine coconut oil exports down

Philippine coconut oil exports down

Coconut oil shipments from the Philippines, the world's largest shipper, fell by as much as 35 percent in October due to delays in the arrival of some ships, an industry group and the government said on Friday.
Published 31 Oct, 2004 12:00am
Sugar rises on grain market

Sugar rises on grain market

Sugar prices were higher on the week's opening session on the grain market as demand increased by the consumers during the month of Ramazan, dealers said.
Published 31 Oct, 2004 12:00am
Chemicals mixed on Jodia Bazaar

Chemicals mixed on Jodia Bazaar

The trading on chemical sector moved mixed trend on Jodia Bazaar on Saturday (October 30, 2004).
Published 31 Oct, 2004 12:00am
Part of US September 11 commission report has not been released

Part of US September 11 commission report has not been released

The US Justice Department has not released a final chapter of the September 11 commission's report related to conflicting accounts of efforts to track and chase the jets hijacked that day, and is unlikely to do so before Tuesday's presidential vote, The N
Published 31 Oct, 2004 12:00am
Bloodiest riots: Thailand frees 900, others face charges

Bloodiest riots: Thailand frees 900, others face charges

Hundreds of Muslim men were freed in southern Thailand on Saturday but many others faced prosecution after they were detained in last week's protest which left 85 dead and outraged Muslims world-wide.
Published 31 Oct, 2004 12:00am
Nearly 200 hurt in Bangladesh university clash

Nearly 200 hurt in Bangladesh university clash

Authorities closed Bangladesh's Rajshahi University indefinitely after nearly 200 students and teachers were injured in clashes with police and pro-government activists, officials and witnesses said on Saturday.
Published 31 Oct, 2004 12:00am
Nasa to resume shuttle flights in May 2005

Nasa to resume shuttle flights in May 2005

The US space agency has given a green light for the resumption of space shuttle flights in May 2005, more than two years after seven astronauts died in the mid-air disintegration of space shuttle Columbia.
Published 31 Oct, 2004 12:00am
Iraqi president on landmark visit to Kuwait

Iraqi president on landmark visit to Kuwait

Iraqi President Ghazi al-Yawar arrived in Kuwait Saturday for the first ever official visit by an Iraqi head of state, during which he is expected to discuss a host of issues including debt and war reparations.
Published 31 Oct, 2004 12:00am
Palestinian killed

Palestinian killed

Israeli soldiers shot dead a 12-year-old Palestinian boy on Saturday during confrontations with protesters in a refugee camp in the West Bank town of Jenin, medics said.
Published 31 Oct, 2004 12:00am
Doctors exclude Arafat suffering from leukaemia

Doctors exclude Arafat suffering from leukaemia

Yasser Arafat underwent medical tests on Saturday and a senior Palestinian official said doctors had ruled out for the time being that the PLO leader was suffering from leukaemia.
Published 31 Oct, 2004 12:00am
Buttiglione stands aside to ease EU crisis

Buttiglione stands aside to ease EU crisis

Calling himself "an innocent victim", Italy's Rocco Buttiglione withdrew as a candidate for the incoming European Commission on Saturday to help ease an unprecedented crisis for the executive.
Published 31 Oct, 2004 12:00am
Kerry has one-point lead over Bush: poll

Kerry has one-point lead over Bush: poll

President George W. Bush, responding to new threats from Osama bin Laden, told top aides to take all actions necessary to guard against attacks, and cast the election as a stark choice between his "whatever it takes" leadership and John Kerry's "cut-and-r
Published 31 Oct, 2004 12:00am
Saudi embassy in Kuwait evacuated over threat

Saudi embassy in Kuwait evacuated over threat

Kuwaiti police were called to the Saudi embassy in Kuwait City on Saturday after embassy staff reported a suspicious package, but the ambassador said later it contained only audio cassettes and CDs.
Published 31 Oct, 2004 12:00am
Faisalabad-Karachi train service

Faisalabad-Karachi train service

Pakistan Railways will operate a fast running train between Faisalabad and Karachi from November 9, which will cover the distance between the two main industrial cities of the country within 13 and a 1/2 hours.
Published 31 Oct, 2004 12:00am
Business community condoles Mian Sharif's demise

Business community condoles Mian Sharif's demise

Various business organisations and businessmen have expressed their grief and sorrow over the demise of Mian Mohammad Sharif, father of former Prime Minister Nawaz Sharif and former Chief Minister Punjab Mian Shahbaz Sharif.
Published 31 Oct, 2004 12:00am
Kashmiri leaders pay rich tributes to Mirwaiz

Kashmiri leaders pay rich tributes to Mirwaiz

Azad Jammu and Kashmir (AJK) President Sardar Muhammad Anwar Khan has said the better way to pay homage and tributes to great Kashmiri leader Mirwaiz Moulana Muhammad Yousaf was to follow his teachings and foot steps to achieve the goal of freedom for whi
Published 31 Oct, 2004 12:00am
Sindh chief minister opens Urs of Sachal Sarmast

Sindh chief minister opens Urs of Sachal Sarmast

Sindh Chief Minister, Dr Arbab Ghulam Rahim on Friday inaugurated 183rd Urs of Hazrat Sachal Sarmast by laying floral wreath on the Mazar of the Sufi saint at Daraza Sharif, district Khairpur, and offered Fateha.
Published 31 Oct, 2004 12:00am
'NCSW working to safeguard women's rights'

'NCSW working to safeguard women's rights'

National Commission on Status of Women Chairperson Justice Mrs Majida Rivzi (Rtd) on Saturday said that dignity and status of women and men, as equal citizens of Pakistan, is a moral imperative, constitutional obligation and a guiding principle of an egal
Published 31 Oct, 2004 12:00am
Rabbani for increased Pak-Afghan ties

Rabbani for increased Pak-Afghan ties

Former Afghan President Burhanuddin Rabbani said that Pakistan and Afghanistan are two brotherly nations having deep-rooted emotional and geographical proximity.
Published 31 Oct, 2004 12:00am
Police interfere in KBCA demolition drive

Police interfere in KBCA demolition drive

The Soldier Bazaar police Saturday took into custody a demolition squad of Karachi Building Control Authority which had gone there to demolish the illegal constructions raised by United Bakers and Store in the jurisdiction of Ferozabad Police Station on t
Published 31 Oct, 2004 12:00am