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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-11-14
Wasteful expenditure on marriages - II

Wasteful expenditure on marriages - II

We learnt that the Supreme Court of Pakistan has banned meals on weddings which may render thousands of poor persons jobless. The government of Pakistanis is well aware that due to the ban on meals at wedding functions 14 to 15 lakh people will be unemplo
Published 14 Nov, 2004 12:00am
Shawwal moon sighting in Asia, Europe on Friday impossible: ISPA

Shawwal moon sighting in Asia, Europe on Friday impossible: ISPA

The Incharge of the Institute of Space and Planetary Astrophysics (ISPA), University of Karachi, Professor Shahid Qureshi, has contended that sighting of Shawwal moon on Friday (November 12) anywhere in Asia, Europe, Africa was "simply impossible."
Published 14 Nov, 2004 12:00am
Shawwal moon sighting in Asia, Europe on Friday impossible: ISPA

Shawwal moon sighting in Asia, Europe on Friday impossible: ISPA

The Incharge of the Institute of Space and Planetary Astrophysics (ISPA), University of Karachi, Professor Shahid Qureshi, has contended that sighting of Shawwal moon on Friday (November 12) anywhere in Asia, Europe, Africa was "simply impossible."
Published 14 Nov, 2004 12:00am
Indian forex reserves at record $122 billion

Indian forex reserves at record $122 billion

India's foreign exchange reserves rose by over a billion dollars in the week to Nov. 5 to stand at a record $122.22 billion as investments and export revenue flowed into the buoyant emerging economy. The reserves are up nearly $22 billion so far in 2004,
Published 14 Nov, 2004 12:00am
Indian forex reserves at record $122 billion

Indian forex reserves at record $122 billion

India's foreign exchange reserves rose by over a billion dollars in the week to Nov. 5 to stand at a record $122.22 billion as investments and export revenue flowed into the buoyant emerging economy. The reserves are up nearly $22 billion so far in 2004,
Published 14 Nov, 2004 12:00am
ADB offers help in financial processing

ADB offers help in financial processing

The Asian Development Bank (ADB) has offered assistance to support inter-governmental finance development in Pakistan providing technical and practical information to various stakeholders. The proposal was made by the Bank in a meeting with Adviser to Pri
Published 14 Nov, 2004 12:00am
ADB offers help in financial processing

ADB offers help in financial processing

The Asian Development Bank (ADB) has offered assistance to support inter-governmental finance development in Pakistan providing technical and practical information to various stakeholders. The proposal was made by the Bank in a meeting with Adviser to Pri
Published 14 Nov, 2004 12:00am
TCP procures 25,700 cotton bales

TCP procures 25,700 cotton bales

Trading Corporation of Pakistan (TCP) has entered into fresh contracts for 25,700 bales of cotton from ginneries in Sindh and Punjab. According to TCP source said here on Friday. So far 683,000 bales have been procured by the corporations of which 444,600
Published 14 Nov, 2004 12:00am
TCP procures 25,700 cotton bales

TCP procures 25,700 cotton bales

Trading Corporation of Pakistan (TCP) has entered into fresh contracts for 25,700 bales of cotton from ginneries in Sindh and Punjab. According to TCP source said here on Friday. So far 683,000 bales have been procured by the corporations of which 444,600
Published 14 Nov, 2004 12:00am
Eid celebrated in UK

Eid celebrated in UK

Muslims across the UK celebrated Eid-ul-Fitr on Saturday after a monthlong fasting and supplications to invoke blessings of Allah Al mighty during the holy month of Ramazan. The Islamic Cultural Centre announced here on Friday that there would be Eid on S
Published 14 Nov, 2004 12:00am
Eid celebrated in UK

Eid celebrated in UK

Muslims across the UK celebrated Eid-ul-Fitr on Saturday after a monthlong fasting and supplications to invoke blessings of Allah Al mighty during the holy month of Ramazan. The Islamic Cultural Centre announced here on Friday that there would be Eid on S
Published 14 Nov, 2004 12:00am
US concerned over humanitarian crisis in Uganda

US concerned over humanitarian crisis in Uganda

The United States is greatly concerned by the humanitarian crisis in northern Uganda arising from an 18-year rebellion by the Lord's Resistance Army, a State Department official said on Friday.
Published 14 Nov, 2004 12:00am
US concerned over humanitarian crisis in Uganda

US concerned over humanitarian crisis in Uganda

The United States is greatly concerned by the humanitarian crisis in northern Uganda arising from an 18-year rebellion by the Lord's Resistance Army, a State Department official said on Friday.
Published 14 Nov, 2004 12:00am
Draft of Data Protection Act unveiled

Draft of Data Protection Act unveiled

Federal Minister for Information Technology Awais Ahmed Khan Leghari here on Saturday unveiled a draft version of the data protection act prepared by the Ministry.
Published 14 Nov, 2004 12:00am
Draft of Data Protection Act unveiled

Draft of Data Protection Act unveiled

Federal Minister for Information Technology Awais Ahmed Khan Leghari here on Saturday unveiled a draft version of the data protection act prepared by the Ministry.
Published 14 Nov, 2004 12:00am
Seminar on Mehergarh civilisation held

Seminar on Mehergarh civilisation held

The Mehergarh civilisation has had an important impact of the civilisation in the old days of Balochistan, and South Asia. This view was expressed by Dean of the Faculty of State Sciences of the University of Balochistan and prominent writer Professor Man
Published 14 Nov, 2004 12:00am
Bab-e-Pakistan foundation stone to be laid next year

Bab-e-Pakistan foundation stone to be laid next year

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that foundation stone of Bab-e-Pakistan would be laid on March 23, 2005 and the project will be completed within two and a half years.
Published 14 Nov, 2004 12:00am
Hindu community felicitated

Hindu community felicitated

A function in connection with the festival of Diwali was held at the Pakistan Steel Mills, said a press release issued here on Saturday. It said that arrangements for the festival were made at the Pakistan Steels Officers Mess, Steel Town, Bin Qasim, by t
Published 14 Nov, 2004 12:00am
Ibad visits shopping centres

Ibad visits shopping centres

Apart from the shopping centres, the concept of community policing would be extended in other areas as well. This was stated by the Sindh Governor Dr Ishrat-ul-Ebad Khan during his visit to various areas of the metropolis on Thursday night.
Published 14 Nov, 2004 12:00am
Durrani calls on Arbab

Durrani calls on Arbab

NWFP Chief Minister Akram Khan Durrani called on Sindh Chief Minister Dr Arbab Ghulam Rahim and discussed on different issues of mutual interest here on Saturday. Earlier, NWFP CM arrived at Quaid-e-Azam International Airport after performing Umrah in the
Published 14 Nov, 2004 12:00am
MMA government fails to uphold Islamic values: minister

MMA government fails to uphold Islamic values: minister

Minister for Petroleum and Natural Resources Amanullah Khan Jadoon on Saturday criticised the Muttahida Majlis-i-Amal (MMA) government in NWFP for failing to uphold Islamic values and code of life in the province.
Published 14 Nov, 2004 12:00am
Bush and Blair greet Pakistanis on Eid-ul-Fitr

Bush and Blair greet Pakistanis on Eid-ul-Fitr

US President George W. Bush has greeted the Pakistani nation on Eid-ul-Fitr and assured of continued commitment to make the world more prosperous and free from terror. President Bush in his separate messages to President General Pervez Musharraf and Prime
Published 14 Nov, 2004 12:00am
MMA striving for supremacy of constitution, says Qazi

MMA striving for supremacy of constitution, says Qazi

Qazi Hussain Ahmed, President of Muttahida Majlis-i-Amal (MMA) and Amir Jamaat-e-Islami, Pakistan said on Saturday that component parties of the alliance were united and striving for the supremacy of the constitution, and parliament in the country.
Published 14 Nov, 2004 12:00am
Butt hits maiden ton as Pakistan swamp India in one-off tie

Butt hits maiden ton as Pakistan swamp India in one-off tie

Salman Butt struck a maiden one-day century as Pakistan beat India by six wickets on Saturday in their first match on Indian soil in more than five years. Butt, in his sixth one-dayer, scored 108 not out off 130 balls out of a total of 293 for four.
Published 14 Nov, 2004 12:00am
'Japan to restore yen loan package soon'

'Japan to restore yen loan package soon'

Japan's Ambassador to Pakistan, Nogoyuki has said that Japan is considering restoration of "yen loan" package for Pakistan and a final announcement is likely to be made early next year. In an interview with a private television, the Ambassador said Japan
Published 14 Nov, 2004 12:00am
Bail plea rejected

Bail plea rejected

Lahore High Court Multan division bench comprising Justice Shaikh Abdul Rashid and Justice Muhammad Bilal has rejected the bail plea of SHO/Inspector of Police Station Mehmood Kot (Muzaffargarh).
Published 14 Nov, 2004 12:00am
Protest against killing of ST men

Protest against killing of ST men

At the call of Jamaat Ahle-Sunnat Pakistan Chief Allama Syed Mazhar Saeed Kazmi protest day was observed in southern Punjab on Saturday to condemn the killing of three activists of Sunni Tehrik in Karachi following the dispute of Jamia Mosque Allah-Wali i
Published 14 Nov, 2004 12:00am
Government to spend $61 million on civil servants training programme

Government to spend $61 million on civil servants training programme

The government has launched a wide ranging training and capacity-building programme for civil servants and the government officers to enhance the efficiency and productivity of public sector. An amount of 61 million dollars will be spent on the project in
Published 14 Nov, 2004 12:00am
Land grabbers active in D G Khan

Land grabbers active in D G Khan

Divisional Forest Officer (DFO) Dera Ghazi Khan has informed Punjab Government and District Coordination Officer Dera Ghazi Khan that more than 200 armed men had occupied started ploughing on 4600 acres of land allotted to Forest Department for the develo
Published 14 Nov, 2004 12:00am
Need to tackle menace of hazardous waste stressed

Need to tackle menace of hazardous waste stressed

The Minister of State for Environment Malik Amin Aslam stressed that in order to achieve the objectives of the Basel convention, it is essential to focus on the need to tackle the menace of hazardous waste generation at its source, which lays in the produ
Published 14 Nov, 2004 12:00am
Five killed and 30 injured as bus falls into Nullah

Five killed and 30 injured as bus falls into Nullah

Five persons were killed and another 30 injured when a bus fell into a dried Nullah near Taunsa Sharif on Friday night. The condition of three passengers is stated to be serious. According to details a Peshawar bound bus was coming from Karachi, in which
Published 14 Nov, 2004 12:00am
Arrest of church attackers ordered

Arrest of church attackers ordered

Sindh Home Minister Rauf Siddiqui on Saturday ordered immediate arrest of responsible of attacks on churches in Akhtar Colony and Kashmir Colony. Taking serious notice of the reports of attack on Saint Patrick's Catholic Church and Saint Andrew's Church,
Published 14 Nov, 2004 12:00am
Commandos deployed at Eidgahs

Commandos deployed at Eidgahs

Total 1,035 places have been declared sensitive in Multan division and police was deployed there and a security plan was finalised with the consent of elected representatives, member of Peace Committees and intelligence agencies.
Published 14 Nov, 2004 12:00am
Massive traffic jams adding to global warming: environmentalists

Massive traffic jams adding to global warming: environmentalists

A group of environmentalists expressing their concern over the deteriorating environmental conditions in the country has sought government as well as public attention towards the issue of improper disposal arrangements for waste water and sewage, atmosphe
Published 14 Nov, 2004 12:00am
Prime Minister to celebrate Eid in Islamabad

Prime Minister to celebrate Eid in Islamabad

Prime Minister Shaukat Aziz will spend a busy Eid day in Islamabad and exchange Eid greetings with the President, cabinet members, diplomats, dignitaries and the general public. The Prime Minister will offer Eid prayers here and will call on President Gen
Published 14 Nov, 2004 12:00am
Shaukat apprised of PQA's plots disposal policy

Shaukat apprised of PQA's plots disposal policy

The policy of plots disposal by the Port Qasim Authority (PQA) came under attack at the Iftar-dinner given by Prime Minister Shaukat Aziz early this week in Islamabad.
Published 14 Nov, 2004 12:00am
State ministers for interior, tourism call on Prime Minister

State ministers for interior, tourism call on Prime Minister

Minister of State for Interior, Dr Wasim Shahzad, called on Prime Minister Shaukat Aziz at Prime Minister House on Saturday and discussed matters pertaining to development of Federal Capital area with particular reference to improvement in civic facilitie
Published 14 Nov, 2004 12:00am
Sindh Assembly summoned

Sindh Assembly summoned

Sindh Governor Dr Ishratul Ibad Khan has summoned the provincial assembly to meet on Thursday, November 18, 2004 at 5 pm in the Sindh Assembly Building.
Published 14 Nov, 2004 12:00am
255 watercourses to be cemented in Sindh

255 watercourses to be cemented in Sindh

A total of 255 watercourses will be strengthened and cemented in Sindh Province. This decision was taken in a meeting chaired by Sindh Chief Minister Dr Arbab Ghulam Rahim on Saturday. The meeting reviewed the pace of ongoing national programme to improve
Published 14 Nov, 2004 12:00am
LCCI Eid greetings

LCCI Eid greetings

LCCI President Misbah-ur-Rehman, Senior Vice President Sohail Lashari, Vice President Sheikh Mohammad Arshad and other members of the Executive Committee have offered Eid greetings to the nation, industrialists and traders.
Published 14 Nov, 2004 12:00am
Prime Minister reviews development projects progress

Prime Minister reviews development projects progress

Prime Minister Shaukat Aziz reviewed the progress of development schemes and projects proposed by parliamentarians for provision of gas, electricity, construction of roads etc.
Published 14 Nov, 2004 12:00am
LSE trading floor in Faisalabad to start operations on November 24

LSE trading floor in Faisalabad to start operations on November 24

Trading floor of Lahore Stock Exchange (LSE) at Faisalabad will start functioning from November 24. Senate Chairman Mohammedmian Soomro will be chief guest at the opening ceremony, which will be attended by LSE Chairman, Syed Asim Zafar, Managing Director
Published 14 Nov, 2004 12:00am
Arbab assures security on Eid

Arbab assures security on Eid

Sindh Chief Minister Dr Arbab Ghulam Rahim on Saturday said that all out measures have been made for security on Eid day and law enforcement agencies were asked to be ready to meet any untoward situation.
Published 14 Nov, 2004 12:00am
President and Prime Minister extend Eid greetings

President and Prime Minister extend Eid greetings

On the eve of Eid-ul-Fitr, President General Pervez Musharraf has asked nation to pray to seek Divine assistance for acquiring Islam's teachings of enlightenment in their proper perspective to foster mutual brotherhood, unity and love, and rid of sectaria
Published 14 Nov, 2004 12:00am
Maersk Sealand slaps late delivery fees

Maersk Sealand slaps late delivery fees

Maersk Sealand, a leading shipping line, carrying exports destined for Europe and the US from Port Qasim, has slapped late delivery charges from Nov. 15.
Published 14 Nov, 2004 12:00am
78 roads to be built in Thar under Prime Minister package

78 roads to be built in Thar under Prime Minister package

Sindh government has approved 78 schemes for laying more than 1000 kilometer roads in Thar area at a cost of Rs 7177.75 million. This constitutes one portion of the Prime Minister's Thar Package, it was learnt on Saturday.
Published 14 Nov, 2004 12:00am
Chand Raat festival

Chand Raat festival

Colgate Palmolive Pakistan Ltd and Mcdonalds have organised a Chand Raat festival at Sea View Mcdonalds from 10" November, till Chand Raat.
Published 14 Nov, 2004 12:00am
PPPP central executive meets on November 19

PPPP central executive meets on November 19

A joint meeting of the Federal Council and Central Executive Committee of Pakistan Peoples Party Parliamentarian (PPPP) will be held at party's Central Secretariat Islamabad on November 19. The meeting to be chaired by Makhdoom Ameen Fahim will discuss cu
Published 14 Nov, 2004 12:00am
People throng markets on Chand Raat

People throng markets on Chand Raat

Following the announcement of the central Ruet-e-Hilal committee regarding sighting of Shawwal moon and falling of Eidul Fitr on Sunday, women and children thronged bangle and henna stalls, while young men and other people rushed to shopping centres for E
Published 14 Nov, 2004 12:00am
Altaf struggling for attainment of oppressed people's rights: Gujral

Altaf struggling for attainment of oppressed people's rights: Gujral

Former Indian prime minister Inder Kumar Gujral said that Muttahida Qaumi Movement (MQM) chief Altaf Hussain was the only leader and intellectual in the sub-continent, who was not only struggling for the attainment of the rights of oppressed people but wa
Published 14 Nov, 2004 12:00am
DAP fertiliser: hoarders warned of action

DAP fertiliser: hoarders warned of action

Black marketing of diammonium fertiliser (DAP) by importers and dealers would not be tolerated and those found guilty of black marketing or hoarding would be brought to book.
Published 14 Nov, 2004 12:00am
FM-103 management urges government to restore services

FM-103 management urges government to restore services

The management of FM-103 (Mast radio) has demanded of the government to immediately restore the services of the radio, and also withdraw cases registered against the officials of this radio.
Published 14 Nov, 2004 12:00am
Teams formed to check over-charging of fares

Teams formed to check over-charging of fares

Transport Department Punjab has constituted special teams to check over-charging of fares by the transporters on the occasion of Eid-ul-Fitr. The Punjab Minister for Transport, Rana Shamshad Ahmad Khan stated this here on Saturday.
Published 14 Nov, 2004 12:00am
Government to set up model pharmacy services

Government to set up model pharmacy services

Punjab Health Minister, Dr Tahir Ali Javed, has said that the government will establish model pharmacy services in all the private and government hospitals and necessary legislation would be made for this purpose soon.
Published 14 Nov, 2004 12:00am
Government urged to provide housing facility to poor

Government urged to provide housing facility to poor

The government must pay attention towards poor segment of society as gap between the rich and poor is widening with every passing day. These views were expressed by the Chairman All Pakistan Cottage Industry and Small Traders Association Ghulam Sarwar Mal
Published 14 Nov, 2004 12:00am
Mufti Zia-ul-Haq passes away

Mufti Zia-ul-Haq passes away

Mufti Zia-ul-Haq of Jamia Masjid Katchary Bazaar and son-in-law of Mufti Zain-ul-Abideen died of brain hemorrhage here on Saturday. He was held in great esteem by all segments of society. About three months ago his father in law Maulana Mufti Zain-ul-Abid
Published 14 Nov, 2004 12:00am
Katich ready to 'snap' over Test axing

Katich ready to 'snap' over Test axing

Deposed batsman Simon Katich said on Saturday he was ready to "snap" over his axing from the Australian cricket team for next week's opening Test of the southern hemisphere's summer against New Zealand.
Published 14 Nov, 2004 12:00am
Test discard MacGill puts skids under New Zealand

Test discard MacGill puts skids under New Zealand

Australia test discard Stuart MacGill completed match figures of 8-109 on Saturday as New Zealand's batting line-up collapsed against New South Wales for a second time in their only warm-up game for next week's first test in Brisbane.
Published 14 Nov, 2004 12:00am
Prayer for the day

Prayer for the day

While celebrating the holy festival of Eid-ul-Fitr today with traditional religious fervour, amid tight precautionary measures to thwart any unpredictable terrorist onslaught, many among the faithful in Pakistan will undoubtedly share the perception as ba
Published 14 Nov, 2004 12:00am
Working on a new industrial strategy

Working on a new industrial strategy

Speakers at a workshop in Islamabad on industrial policy organised by the Federal Ministry of Industries and Production towards the end of last month, pinpointed a number of factors which have so far impeded investment in the industrial sector in the coun
Published 14 Nov, 2004 12:00am
House mortgage financing

House mortgage financing

The house mortgage financing requires vital change(s) and/or improvements in Pakistan as far as the rate of mark-up based on system(s) of rental sharing(s) and quantum of monthly instalment(s), length of payments of monthly instalments as well as waiver o
Published 14 Nov, 2004 12:00am
Eritrea deeply dependent on food aid after drought

Eritrea deeply dependent on food aid after drought

There are rocks and cactuses, camels and the remains of armoured vehicles: but there is no greenery. This is the landscape of most of the Gash Barka region in western Eritrea, the small Horn of Africa country where no river runs all year round. Severe dro
Published 14 Nov, 2004 12:00am
Batteries disposal

Batteries disposal

While reading instructions on 'Battery Care and Use' in my mobile phone hand-book, apart from many other useful instructions I came across this 'strange' advice also. "The battery should never be placed in the Municipal waste. Use the battery disposal f
Published 14 Nov, 2004 12:00am
Wasteful expenditure on marriages

Wasteful expenditure on marriages

Announcing a decision, the Chief Justice of Supreme Court, Nazim Hussain Siddiqui has dismissed the petition challenging Punjab government's orders relating to serving food on the eve of marriage and 'Walima' and declared that Punjab government's orders a
Published 14 Nov, 2004 12:00am
Brazilian sovereign bond prices surge

Brazilian sovereign bond prices surge

Brazilian sovereign bond prices surged on Friday as US Treasury prices rose but a weakened dollar strengthened the real, and investors foresaw Brazilian lawmakers passing important pro-market legislation. Rising Treasury prices often buoy emerging market
Published 14 Nov, 2004 12:00am
China central banker says to keep yuan stable

China central banker says to keep yuan stable

China will maintain the nation's currency at a stable level and the country's monetary policy has already returned to a stable level, central bank chief Zhou Xiaochuan was cited on Saturday by state media as saying. The yuan, also known as the renminbi, i
Published 14 Nov, 2004 12:00am
US stocks rally to close higher as Dell boosts techs

US stocks rally to close higher as Dell boosts techs

US stocks extended their rally on Friday, led by technology shares after computer maker Dell Inc shot up 8 percent on a higher quarterly profit and an optimistic forecast. Oil prices resumed their decline, which also helped stocks by easing worry about hi
Published 14 Nov, 2004 12:00am
Data and BoE minutes to give gilts positive backdrop

Data and BoE minutes to give gilts positive backdrop

Economic data next week are likely to provide a positive backdrop for British government bonds, although analysts suspect gilts might struggle to push further ahead after this week's strong rally. A dovish Bank of England Inflation Report and spill-over d
Published 14 Nov, 2004 12:00am
Data and BoE minutes to give gilts positive backdrop

Data and BoE minutes to give gilts positive backdrop

Economic data next week are likely to provide a positive backdrop for British government bonds, although analysts suspect gilts might struggle to push further ahead after this week's strong rally. A dovish Bank of England Inflation Report and spill-over d
Published 14 Nov, 2004 12:00am
Canadian bond prices rise

Canadian bond prices rise

The Canadian bond markets resumed trading on Friday after observing Remembrance Day. Bond prices held gains despite the US retail sales data that suggested some underlying strength. The two-year bond gained three Canadian cents to C$99.87 to yield 3.316 p
Published 14 Nov, 2004 12:00am
Canadian bond prices rise

Canadian bond prices rise

The Canadian bond markets resumed trading on Friday after observing Remembrance Day. Bond prices held gains despite the US retail sales data that suggested some underlying strength. The two-year bond gained three Canadian cents to C$99.87 to yield 3.316 p
Published 14 Nov, 2004 12:00am
US Treasuries soar on talk of central bank buying

US Treasuries soar on talk of central bank buying

US Treasury prices rallied on Friday in technical buying and talk of possible foreign central bank buying that overshadowed a rising stock market and stronger US retail sales and consumer sentiment. The benchmark 10-year Treasury note rose 16/32 for a yie
Published 14 Nov, 2004 12:00am
US Treasuries soar on talk of central bank buying

US Treasuries soar on talk of central bank buying

US Treasury prices rallied on Friday in technical buying and talk of possible foreign central bank buying that overshadowed a rising stock market and stronger US retail sales and consumer sentiment. The benchmark 10-year Treasury note rose 16/32 for a yie
Published 14 Nov, 2004 12:00am
US corporate bonds end tighter, junks see huge inflows

US corporate bonds end tighter, junks see huge inflows

US corporate bond spreads ended tighter on Friday in light volume while junk bond mutual funds saw their biggest cash inflows of the year as investor confidence grew for the asset class, traders said. Investment grade bonds finished O.01 to 0.02 percentag
Published 14 Nov, 2004 12:00am
US corporate bonds end tighter, junks see huge inflows

US corporate bonds end tighter, junks see huge inflows

US corporate bond spreads ended tighter on Friday in light volume while junk bond mutual funds saw their biggest cash inflows of the year as investor confidence grew for the asset class, traders said. Investment grade bonds finished O.01 to 0.02 percentag
Published 14 Nov, 2004 12:00am
Eurostocks week ahead: Vodafone dividend on lookout

Eurostocks week ahead: Vodafone dividend on lookout

Vodafone tops the earnings menu next week with the biggest mobile phone company by revenue under pressure to hand back more cash to shareholders - a move which would help bourses build on 28-month highs. Other standouts will be results from steel giant Ar
Published 14 Nov, 2004 12:00am
Barloworld, rand and oil may boost South African stocks

Barloworld, rand and oil may boost South African stocks

Shares in South Africa's Barloworld and Mr Price may boost the bourse next week if they turn in strong results as expected, but rand-sensitive stocks may trip the market's march. Barloworld, the world's largest independent lift truck dealer, said in Octob
Published 14 Nov, 2004 12:00am
Brazil stocks up

Brazil stocks up

The Bovespa index of the Sao Paulo Stock Exchange rose 2.19 percent to 24,035 points on Friday. Stocks were also lifted by rising New York bourses and a stronger real, which should help limit inflationary pressures. Among individual stocks, state-run oil
Published 14 Nov, 2004 12:00am
Golds and oils lift Toronto stocks to winning week

Golds and oils lift Toronto stocks to winning week

Toronto stocks finished higher on Friday as rising gold prices and stronger energy issues helped the resource-heavy index scrape out a winning week. The Toronto Stock Exchange S&P/TSX composite index rose 10.20 points, or 0.11 percent, to close at 8,896.3
Published 14 Nov, 2004 12:00am
Chile stocks finish slightly changed

Chile stocks finish slightly changed

Chile's stocks ended nearly unchanged on Friday despite heavy trading due to a large secondary offering by Chile's leading brewer. The IPSA blue chip index, slipped 0.03 percent to 1,740.98 points. The all-market IGPA index inched up 0.01 percent to 8,744
Published 14 Nov, 2004 12:00am
Argentine stocks fall

Argentine stocks fall

Argentina's stocks closed lower on Friday after investors reacted negatively to results posted by Group Financiero Galicia, traders said. The MerVal index of 11 leading shares lost 2.07 percent to close at 1257.6 points. Shares closed down 5 percent this
Published 14 Nov, 2004 12:00am
Strong demand pushes P&O Nedlloyd to record earnings

Strong demand pushes P&O Nedlloyd to record earnings

Royal P&O Nedlloyd, the world's third-largest container shipper, reported record third-quarter earnings, beating expectations thanks to booming demand for its services outpacing supply of container space. P&O Nedlloyd CEO Philip Green boosted his forecast
Published 14 Nov, 2004 12:00am
CBOT wheat ends mostly weaker

CBOT wheat ends mostly weaker

Chicago Board of Trade wheat futures closed mixed but mostly lower on Friday and new contract lows were set amid pressure from the USA's November crop and supply/demand reports, traders said. The market, while ending weak, was underpinned near the close w
Published 14 Nov, 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 oil cake market on Saturday in low activity, dealer said. The December commenced with no change at Rs 402.70 and proved to be day's lowest. In the process of tradi
Published 14 Nov, 2004 12:00am
No business transacted on cotton market

No business transacted on cotton market

Dullness prevailed in the cotton market in the pre-Eid session on Saturday as leading participants were on the sidelines and discussing the next direction of the market when it would open after observing Eid holidays, cotton analysts said. The official sp
Published 14 Nov, 2004 12:00am
Higher prices trigger Brazilian coffee trade

Higher prices trigger Brazilian coffee trade

Large volumes of coffee traded this week as higher prices encouraged producer selling and roasters and exporters covered their nearby needs, traders said Friday. Despite some end-of-week profit-taking, benchmark New York arabica futures prices have risen
Published 14 Nov, 2004 12:00am
Sugar prices down on grain market

Sugar prices down on grain market

Thin activity was seen on the grain market on Saturday as most of the dealers kept on the sideline ahead of Eid holidays, dealers said. On the seed side, sugar prices shed Rs 25 to Rs 2025 and Rs 2075 on easy supply position, they said. On the seed side,
Published 14 Nov, 2004 12:00am
Firm shipping rates lift MISC Q2 profit

Firm shipping rates lift MISC Q2 profit

Malaysia International Shipping Corporation, the world's largest carrier of liquefied natural gas, said on Wednesday its second-quarter profit rose 27 percent from a year ago, short of some analysts' forecasts. Profits were driven by higher shipping rates
Published 14 Nov, 2004 12:00am
Firm shipping rates lift MISC Q2 profit

Firm shipping rates lift MISC Q2 profit

Malaysia International Shipping Corporation, the world's largest carrier of liquefied natural gas, said on Wednesday its second-quarter profit rose 27 percent from a year ago, short of some analysts' forecasts. Profits were driven by higher shipping rates
Published 14 Nov, 2004 12:00am
Strong demand pushes P&O Nedlloyd to record earnings

Strong demand pushes P&O Nedlloyd to record earnings

Royal P&O Nedlloyd, the world's third-largest container shipper, reported record third-quarter earnings, beating expectations thanks to booming demand for its services outpacing supply of container space. P&O Nedlloyd CEO Philip Green boosted his forecast
Published 14 Nov, 2004 12:00am
Mexican stocks hit by profit-taking

Mexican stocks hit by profit-taking

Mexico's stock market ended lower on Friday, weighed down by cellphone company America Movil as investors took profits following an earlier record high. The IPC benchmark stock index finished down 0.12 percent at 11,957.32 points after earlier hitting an
Published 14 Nov, 2004 12:00am
Rouen port working as usual

Rouen port working as usual

France's main grain port has not been badly affected by a national strike by dockworkers over job cuts and is operating normally, a spokesman said on Tuesday. He said some port workers had followed the call by the dockers' branch of the CGT union for a on
Published 14 Nov, 2004 12:00am
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