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Print - 2004-11-17
Singapore and Sri Lanka reach open skies pact

Singapore and Sri Lanka reach open skies pact

Singapore and Sri Lanka reached an open skies agreement on Tuesday allowing airlines from both countries to operate between them without restrictions. The pact, which comes into effect immediately, complements an open skies agreement on cargo services rea
Published 17 Nov, 2004 12:00am
EU aims to tighten cash control to combat terrorism

EU aims to tighten cash control to combat terrorism

The European Union is planning to tighten controls on cash flows across its borders to stop the financing of terrorism, but EU states need to decide which amount should trigger formal checks, diplomats said on Monday. The planned EU rules on cash control,
Published 17 Nov, 2004 12:00am
Vodafone doubles dividends

Vodafone doubles dividends

Vodafone Group Plc doubled its half-year dividend to 1.91 pence, the top end of forecasts, and boosted a full-year share buyback programme in a widely-anticipated handout to investors. Vodafone, the world's largest cell phone group by revenue, said on Tue
Published 17 Nov, 2004 12:00am
Vodafone doubles dividends

Vodafone doubles dividends

Vodafone Group Plc doubled its half-year dividend to 1.91 pence, the top end of forecasts, and boosted a full-year share buyback programme in a widely-anticipated handout to investors. Vodafone, the world's largest cell phone group by revenue, said on Tue
Published 17 Nov, 2004 12:00am
US producer prices post biggest gain since 1990

US producer prices post biggest gain since 1990

US producer prices shot up 1.7 percent last month, the biggest gain in nearly 15 years and well above expectations, as energy costs skyrocketed and food prices surged, a government report showed on Tuesday. Even outside of food and energy, producer prices
Published 17 Nov, 2004 12:00am
WTO starts bid for global pact on customs rules

WTO starts bid for global pact on customs rules

Negotiators at the World Trade Organisation (WTO) began talks on Monday aimed at eventually forging a global pact to end delays in customs procedures that cost many economies millions of euros (dollars) annually. But under an agreement in July to launch t
Published 17 Nov, 2004 12:00am
US committed to reducing budget deficit, says Snow

US committed to reducing budget deficit, says Snow

US Treasury Secretary John Snow said that Washington was committed to reducing its budget deficit, which he acknowledged was "too large", in an interview aired Tuesday. Snow, who arrived in London late Monday from Dublin on the second leg of a four-nation
Published 17 Nov, 2004 12:00am
EU's new tax chief approved

EU's new tax chief approved

Hungary's disputed nominee for the European Commission won parliamentary approval on Tuesday after taking an orthodox line in opposing EU tax harmonisation. Former Foreign Minister Laszlo Kovacs, reshuffled to the taxation portfolio, showed himself to be
Published 17 Nov, 2004 12:00am
Eurozone fears US turning deaf ear on dollar plea

Eurozone fears US turning deaf ear on dollar plea

Eurozone finance ministers on Tuesday stepped up pressure on the United States to show its strong dollar policy was more than just rhetoric even though they feared their calls were falling on deaf ears. Ministers meeting in Brussels on Monday and Tuesday
Published 17 Nov, 2004 12:00am
British inflation rises

British inflation rises

Britain's annual inflation rate edged higher in October as record oil prices caused gas, electricity and other household bills to climb at their fastest rate in at least seven years, official data showed on Tuesday. The rise to 1.2 percent from 1.1 percen
Published 17 Nov, 2004 12:00am
Japan less rosy on economy, cites exports and output

Japan less rosy on economy, cites exports and output

The Japanese government downgraded its view on the economy slightly on Tuesday, citing weaker exports and output, but it said a recovery was continuing due to steady domestic demand, in terms of both personal consumption and capital spending. "The economy
Published 17 Nov, 2004 12:00am
Pilots at Spanair on 24-hour strike

Pilots at Spanair on 24-hour strike

Pilots at Spanair, the Spanish subsidiary of Scandinavia's SAS, went on a 24-hour strike on Tuesday, the first of a series of stoppages they have called for November and December. Union Sepla accused the company of failing repeatedly to meet the terms of
Published 17 Nov, 2004 12:00am
Microsoft producing cutting edge software in India: CEO

Microsoft producing cutting edge software in India: CEO

Microsoft chief executive Steve Ballmer said Tuesday the company was developing cutting edge software products in India and not just outsourcing work. "We have taken a very different approach. We are doing cutting edge development for our products. We wan
Published 17 Nov, 2004 12:00am
Opec should cut oil supply back to quota levels: Iran

Opec should cut oil supply back to quota levels: Iran

Opec member Iran believes cartel members needs to cut production back to official quota levels to bolster prices for its lower-quality crude supplies, an Iranian oil official said on Tuesday. "We are cautioning producers to be more vigilant and fully adhe
Published 17 Nov, 2004 12:00am
US Treasury prices dip

US Treasury prices dip

US Treasury debt prices eased slightly on Monday as a drop in the cost of oil to a two-month low appeared to clear the way for strong US economic growth in the fourth quarter. Preventing further losses was speculation among some traders that minutes from
Published 17 Nov, 2004 12:00am
US Treasury prices dip

US Treasury prices dip

US Treasury debt prices eased slightly on Monday as a drop in the cost of oil to a two-month low appeared to clear the way for strong US economic growth in the fourth quarter. Preventing further losses was speculation among some traders that minutes from
Published 17 Nov, 2004 12:00am
Singapore shares retreat after hitting new four-year peak

Singapore shares retreat after hitting new four-year peak

Singapore shares hit a new 4-year peak in early trade on Tuesday before losing ground to profit-taking in recent index-heavy gainers like Singapore Telecommunications (SingTel). SingTel fell about 0.8 percent to S$2.37, after about 13 million shares trade
Published 17 Nov, 2004 12:00am
US stocks slightly changed, Microsoft helps tech

US stocks slightly changed, Microsoft helps tech

US stocks closed near the unchanged mark on Monday as investors took a breath following significant gains in the market so far this month, while lower oil prices weighed on energy shares, including Exxon Mobil Corp Microsoft Corp, which began trading ex-d
Published 17 Nov, 2004 12:00am
Indian key share index rises to nine-month high

Indian key share index rises to nine-month high

India's key share index rose to a nine-month closing high on Tuesday, but remained just shy of the psychologically important 6,000 mark. The 30-issue Mumbai Sensex rose 0.55 percent to 5,996.70 points after provisionally ending at 6,001.31 points. "The mo
Published 17 Nov, 2004 12:00am
Sri Lankan stocks dip

Sri Lankan stocks dip

Sri Lankan stocks dipped on Tuesday as foreign buying of shares in Caltex Lubricants Ltd offset sales in blue chips, while many investors held back ahead of the 2005 budget due on November 18, brokers said. The key Colombo all-share index ended down a pro
Published 17 Nov, 2004 12:00am
Thai stocks finish three-day rise on energy selling

Thai stocks finish three-day rise on energy selling

Thai stocks dipped 0.76 percent on Tuesday as quick profit-taking hit bank stocks and a fall in oil prices triggered selling of energy shares, analysts said. The benchmark Stock Exchange of Thailand composite index fell 4.91 points to 642.65 following a 3
Published 17 Nov, 2004 12:00am
Nikkei ends down on tech profit-taking, banks gain

Nikkei ends down on tech profit-taking, banks gain

Tokyo's Nikkei average ended down 0.59 percent on Tuesday as concern about the strong yen put a brake on recent gains in high-tech exporters such as Kyocera Corp, although confidence in Japan's economic outlook helped banks and insurers. The Nikkei finish
Published 17 Nov, 2004 12:00am
Taiwan stocks little changed

Taiwan stocks little changed

Taiwan stocks closed flat on Tuesday as investors shunned financial and industrial issues that had recently outperformed but put their money into tech firms like TSMC, encouraged by gains in US counterparts. The TAIEX share index inched up 0.07 percent to
Published 17 Nov, 2004 12:00am
Philippines stocks boosted by deficit hopes, PLDT leads

Philippines stocks boosted by deficit hopes, PLDT leads

Philippines stocks rose more than 2 percent on Tuesday after the government said its $3.5 billion annual budget deficit could be cut sharply by an expected revenue boost from higher import tariffs on oil and new tax measures. The Philippines aims to cap i
Published 17 Nov, 2004 12:00am
FTSE stakes out 29-month high as mmO2 leads

FTSE stakes out 29-month high as mmO2 leads

Britain's top companies rose for the fifth session in a row on Monday, led by strength in mobile phone operators Vodafone and smaller rival mmO2 and aided by falling oil prices, which calmed fears that UK company profits will be pinched. MmO2 was the top
Published 17 Nov, 2004 12:00am
Chinese shares flat

Chinese shares flat

China's shares closed flat on Tuesday as investors booked profits, with the market wanting more government measures to bolster sentiment, brokers said. The benchmark Shanghai composite index, grouping foreign-currency B shares and local-currency A shares,
Published 17 Nov, 2004 12:00am
Indian rupee ends at five-month peak, bank caps gains

Indian rupee ends at five-month peak, bank caps gains

The Indian rupee ended at a fresh five-month closing high on Tuesday, helped by robust capital and trade inflows that had bunched up over a four-day weekend, but it was pulled off a session peak by central bank intervention. The rupee closed at 45.0675/07
Published 17 Nov, 2004 12:00am
Dollar at nine-year low versus majors, Snow, US policy eyed

Dollar at nine-year low versus majors, Snow, US policy eyed

The dollar fell to a seven-month low versus the yen on Monday and hit a nine-year low against a basket of major currencies, resuming recent weakness due to concerns over the US ability to fund its current account gap. The greenback, which held within half
Published 17 Nov, 2004 12:00am
Dollar rises on position squaring, oil drop helps

Dollar rises on position squaring, oil drop helps

The dollar was mostly firmer on Monday as a drop in oil prices gave added impetus to dealers paring positions after the dollar's recent brush with historic lows. "With lower oil prices, we are seeing a dollar positive factor. However, we are not really ge
Published 17 Nov, 2004 12:00am
Hong Kong dollar eases on short covering

Hong Kong dollar eases on short covering

The Hong Kong dollar inched lower against the greenback and discounts on forwards narrowed from recent lows on Tuesday as some players covered short (US dollar) positions, dealers said. The US currency edged up on Tuesday, extending its rebound from the p
Published 17 Nov, 2004 12:00am
Chinese yuan ends flat

Chinese yuan ends flat

The yuan ended flat at 8.2765 per US dollar on Tuesday, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 3,900 points implying a rate of 7.888 yuan per dollar in 12 months' tim
Published 17 Nov, 2004 12:00am
Sterling steady before UK housing, inflation data

Sterling steady before UK housing, inflation data

Sterling was little changed against the euro and the dollar on Monday as markets awaited UK inflation and housing market data for further confirmation that interest rates have peaked. In a session with no key UK data, the pound shuttled in a narrow range
Published 17 Nov, 2004 12:00am
Canadian dollar slides as oil weakens

Canadian dollar slides as oil weakens

The Canadian dollar slid on Monday, as retreating commodity prices allowed the US dollar to make up ground against major currencies. Bond prices were mixed, but weaker on the long end as lower oil prices eased fears that high energy prices would hamper US
Published 17 Nov, 2004 12:00am
Australian dollar clings to support to keep rally intact

Australian dollar clings to support to keep rally intact

The Australian dollar clung to support just under 77 US cents on Tuesday ahead of a speech by the Australian central bank governor later in the day, after retreating from its highest level since early March. The Aussie earlier spurted around quarter of a
Published 17 Nov, 2004 12:00am
Asian currencies: rally pauses, Taiwan dollar off seven-month high

Asian currencies: rally pauses, Taiwan dollar off seven-month high

The Taiwan dollar steadied on Tuesday after strengthening to a seven-month high, while other Asian currencies backed off multi-year highs on concerns central banks would intervene to stem the rally. The Taiwan dollar gained to 32.80 per dollar in early tr
Published 17 Nov, 2004 12:00am
Dollar inches up but respite seen temporary

Dollar inches up but respite seen temporary

The dollar crept higher on Tuesday, edging away from a seven-month low hit against the yen the previous day, though dealers said it wouldn't be long before the US currency heads back down. Underlying weakness in the dollar will remain for as long as the m
Published 17 Nov, 2004 12:00am
South Korean police round up civil servants on first ever strike

South Korean police round up civil servants on first ever strike

South Korea's police detained about 150 public sector workers Monday for taking part in an unprecedented illegal strike against a controversial labour reform bill, officials said. Local governments began sacking striking civil servants Monday acting on ea
Published 17 Nov, 2004 12:00am
Britain plans to ban smoking in most of its pubs, workplaces

Britain plans to ban smoking in most of its pubs, workplaces

Britons, who have been smoking tobacco since Elizabethan explorers brought sacks of it home from the Americas over 400 years ago, face a ban on lighting up in thousands of pubs and workplaces across the country. Under a government proposal announced on Tu
Published 17 Nov, 2004 12:00am
China warns Taiwan against provoking conflict

China warns Taiwan against provoking conflict

Armed conflict may be unavoidable if Taiwan keeps provoking China and pushing for independence, one of Beijing's top Taiwan policy-makers said on Monday, but he spelt out a condition for reopening dialogue. Wang Zaixi, vice minister of the mainland's poli
Published 17 Nov, 2004 12:00am
Asean-China free trade deal delayed again

Asean-China free trade deal delayed again

A free trade agreement between six Southeast Asian countries and China should take effect in mid-2005, a Thai Commerce Ministry source said on Monday, the third proposed starting date for the already delayed deal. Singapore, Thailand, Malaysia, the Philip
Published 17 Nov, 2004 12:00am
Top Indian security envoy heads to Beijing

Top Indian security envoy heads to Beijing

India's chief security advisor visits Beijing this week for new talks to resolve a border dispute that led to a brief, brutal war four decades ago, the foreign office said Tuesday. National Security Adviser J.N. Dixit will meet Chinese Senior Vice Ministe
Published 17 Nov, 2004 12:00am
US investigating shooting of injured man in Fallujah mosque

US investigating shooting of injured man in Fallujah mosque

The US Defence Department is investigating the shooting of an apparently wounded and unarmed Iraqi prisoner by a US marine in a mosque in Fallujah, Iraq, NBC news said Tuesday. The shooting incident was shown partially censored by several US television ne
Published 17 Nov, 2004 12:00am
Kiwis beaten by 9 wickets in Test warm-up

Kiwis beaten by 9 wickets in Test warm-up

New Zealand will go into this week's opening cricket Test against Australia on the end of a heavy nine-wicket defeat in their warm-up match against New South Wales here on Sunday. In what will not help Kiwi confidence for the clash with world cricket's le
Published 17 Nov, 2004 12:00am
Federer beats Gaudio to open defence of ATP Masters Cup

Federer beats Gaudio to open defence of ATP Masters Cup

World number one Roger Federer made a triumpant return from a six-week layoff, starting the defence of his ATP Masters Cup crown here Monday by beating French Open champion Gaston Gaudio 6-1, 7-6 (7/4). Playing his first match since suffering a torn left
Published 17 Nov, 2004 12:00am
Olympics: bid and books reach Lausanne as cities sweat it out

Olympics: bid and books reach Lausanne as cities sweat it out

Five cities vying to stage the 2012 Summer Games reveal their hands this week as Olympic chiefs scrutinise their plans for holding the world's greatest sporting extravaganza. Their weighty documents which pinpoint every last detail for proposals to host t
Published 17 Nov, 2004 12:00am
Banned Ganguly could play against Proteas

Banned Ganguly could play against Proteas

Banned India captain Sourav Ganguly could still play in the first Test against South Africa on November 20, the International Cricket Council (ICC) said in a statement here on Monday. ICC match referee Clive Lloyd handed out the unprecedented two-Test ban
Published 17 Nov, 2004 12:00am
Sharapova defeats battling Williams to lift trophy

Sharapova defeats battling Williams to lift trophy

Wimbledon champion Maria Sharapova defeated an aching Serena Williams 4-6, 6-2, 6-4 on Monday to win the three million-dollar WTA Tour Championships and solidfy her status among the game's elite. The 17-year-old Russian, who shot to global prominence when
Published 17 Nov, 2004 12:00am
Australian train derailment injures around 160

Australian train derailment injures around 160

A high-speed passenger train ploughed through trees and dirt "like a bulldozer" after it mysteriously derailed in north-east Australia on Tuesday, injuring nearly all 163 people on board, rescue workers said. As a major investigation was launched, ambulan
Published 17 Nov, 2004 12:00am
Qorei seeks official report on cause of Arafat's death

Qorei seeks official report on cause of Arafat's death

Palestinian prime Minster Ahmed Qorei has asked France to provide him with a medical report detailing the cause of Palestinian leader Yasser Arafat's death, his office said Monday. "We officially demand that the Palestinian leadership be informed about th
Published 17 Nov, 2004 12:00am
Nine killed in Bangladesh bus accident

Nine killed in Bangladesh bus accident

Nine people were killed and 50 were injured when three buses collided in eastern Bangladesh Monday, a report said. Two of the buses collided head-on in Comilla district on the main highway between the capital, Dhaka, and the south-eastern port city of Chi
Published 17 Nov, 2004 12:00am
Top researchers ask Web users to join science grid

Top researchers ask Web users to join science grid

IBM and top scientific research organisations are joining forces in a humanitarian effort to tap the unused power of millions of computers and help solve complex social problems. The World Community Grid will seek to tap the vast underutilised power of co
Published 17 Nov, 2004 12:00am
Europe's Moon probe safely slotted in lunar orbit

Europe's Moon probe safely slotted in lunar orbit

Europe's first mission to the Moon, the unmanned exploratory probe SMART-1, has been safely placed in lunar orbit after a voyage of more than 13 months, the European Space Agency (ESA) announced on Tuesday. SMART-1, a tiny testbed of revolutionary technol
Published 17 Nov, 2004 12:00am
Rice seen holding steady on US Middle East policy

Rice seen holding steady on US Middle East policy

Israeli officials said on Tuesday they expected no major change in Washington's strong support for Israel after a main architect of the policy, Condoleezza Rice, takes over as secretary of state. Palestinians said they hoped Rice, US President George W. B
Published 17 Nov, 2004 12:00am
Mossad rocked by internal crisis: report

Mossad rocked by internal crisis: report

Israel's spy agency Mossad has been rocked to the core by an internal crisis which has seen scores of resignations over the policies of its controversial boss Meir Dagan, according to a television report Monday. Dagan, a close associate of Israeli Prime M
Published 17 Nov, 2004 12:00am
Indian maharajas resisted everything except temptation and Rolls-Royces

Indian maharajas resisted everything except temptation and Rolls-Royces

India's pampered maharajas were well known for being able to resist everything except temptation - in the shape of jewels, gold, palaces, legions of servannts and of course luxury cars And the automobile that made them weakest at the knees was the Rolls-R
Published 17 Nov, 2004 12:00am
Bush and Blair mangling English: top UK journalist

Bush and Blair mangling English: top UK journalist

The English language is being destroyed by a "deadly virus of management speak" which has infected the mouths and minds of politicians like Tony Blair and George W. Bush, a leading UK journalist said on Monday. The British Prime Minister and his ally the
Published 17 Nov, 2004 12:00am
Palestinian leader tries to win militant truce

Palestinian leader tries to win militant truce

The interim Palestine Liberation Organisation (PLO) leader hopes to persuade militants in talks on Tuesday to halt attacks on Israel to allow a smooth election for a successor to Yasser Arafat next year, officials said. Mahmoud Abbas, a former prime minis
Published 17 Nov, 2004 12:00am
Thai Prime Minister promotes paper doves for peace

Thai Prime Minister promotes paper doves for peace

Prime Minister Thaksin Shinawatra called on Thailand's 62 million people Tuesday to each make a paper dove to promote peace in the violence-wracked Muslim-majority south. Thaksin said the paper birds would be dropped out of the back of military aircraft o
Published 17 Nov, 2004 12:00am
Four Afghan cops killed in blast

Four Afghan cops killed in blast

Four Afghan police officers were killed and five wounded when their car was hit by a blast in the central province of Uruzgan on Tuesday, officials said, in an attack for which Taleban guerrillas claimed responsibility. Provincial governor Jan Mohammad Kh
Published 17 Nov, 2004 12:00am
German trader charged over arms exports to Iraq

German trader charged over arms exports to Iraq

A German businessman has been charged over the illegal export of 15 armoured cars to Iraq and Afghanistan via Britain, German newspaper Bild reported on Monday. The 43-year-old man, who was not named by the paper, is accused of breaking German law by havi
Published 17 Nov, 2004 12:00am
Man sets fire to himself outside White House

Man sets fire to himself outside White House

A bearded man shouting "Allah" set himself on fire outside the White House on Monday before uniformed Secret Service agents wrestled him to the ground and extinguished the flames, officials and witnesses said. Hours later, another man jumped a wrought-iro
Published 17 Nov, 2004 12:00am
Seoul shares end down

Seoul shares end down

Seoul shares ended lower on Tuesday, hit by profit-taking after four consecutive sessions of gains and as investors fretted over the impact of a surging won currency on major exporters. Shares in South Korea's top auto maker, Hyundai Motor Co, fell 2 perc
Published 17 Nov, 2004 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

Stocks fell on Tuesday as giant retailer Wal-Mart Stores Inc declined on disappointing quarterly sales while news of a sharp rise in October producer prices fanned inflation fears. Wal-Mart, the world's largest retailer, posted a higher quarterly profit a
Published 17 Nov, 2004 12:00am
Stocks rattle European corporate bonds

Stocks rattle European corporate bonds

European corporate bonds traded lower in average value on Tuesday as Wall Street and European shares declined. Both auto and telecom bonds were hit, but new issues offset some of the negative tone in the market. The FTSE Euro Corporate Bond Index showed i
Published 17 Nov, 2004 12:00am
Stocks rattle European corporate bonds

Stocks rattle European corporate bonds

European corporate bonds traded lower in average value on Tuesday as Wall Street and European shares declined. Both auto and telecom bonds were hit, but new issues offset some of the negative tone in the market. The FTSE Euro Corporate Bond Index showed i
Published 17 Nov, 2004 12:00am
HSBC, US data ends FTSE's winning spree

HSBC, US data ends FTSE's winning spree

Britain's top share index ended a five-session winning streak on Tuesday, toppled by weakness in market heavyweight HSBC on worries over its US consumer finance unit and US data that sparked inflation and interest rate concerns. Cigarette and pub companie
Published 17 Nov, 2004 12:00am
Sterling grazes 11-month low versus euro, beats dollar

Sterling grazes 11-month low versus euro, beats dollar

Sterling briefly fell to an 11-month low against the euro on Tuesday after a sharp fall in UK house prices, but it gained some ground versus the struggling dollar. The drop in the housing market reinforced broad expectations that interest rates have peake
Published 17 Nov, 2004 12:00am
Dollar hovers above lows in London

Dollar hovers above lows in London

The dollar inched towards last week's record low against the euro on Tuesday as investors awaited data to indicate how easily the United States is funding its current account deficit. Euro zone finance ministers called on the United States to live up to i
Published 17 Nov, 2004 12:00am
Tests show soya rust spreading in US South

Tests show soya rust spreading in US South

Tests confirmed soyabean rust disease has spread throughout Louisiana and into Mississippi, the US Agriculture Department said on Tuesday, adding to fears the fungus could rapidly infect more Southern states. The first case of soyabean rust on the US main
Published 17 Nov, 2004 12:00am
Platinum supplies to outpace demand in 2005: study

Platinum supplies to outpace demand in 2005: study

Supplies of platinum will outpace demand in 2005, putting the market in surplus for the first time for six years and weighing on the metal's price, a closely watched report said Tuesday. Rising output will lead to a "slightly softer" platinum price within
Published 17 Nov, 2004 12:00am
Oil extends slide as US supplies seen growing

Oil extends slide as US supplies seen growing

Oil prices extended a streak of losses on Tuesday as dealers anticipated that strong Opec output and recovering production in the United States would boost lean stockpiles in time for peak winter heating demand. US light crude futures were 57 cents lower
Published 17 Nov, 2004 12:00am
Oil extends slide as US supplies seen growing

Oil extends slide as US supplies seen growing

Oil prices extended a streak of losses on Tuesday as dealers anticipated that strong Opec output and recovering production in the United States would boost lean stockpiles in time for peak winter heating demand. US light crude futures were 57 cents lower
Published 17 Nov, 2004 12:00am
London sugar jumps at close on fund buying

London sugar jumps at close on fund buying

London March white sugar futures settled over 2.50 percent higher on Tuesday after funds covered short positions in a flurry of afternoon buying, and traders said the market could see more upside on Wednesday. March closed at $254.80 a tonne, up 2.54 perc
Published 17 Nov, 2004 12:00am
New York cotton futures mixed

New York cotton futures mixed

New York cotton futures finished mixed Tuesday in mostly switch business as players got out of positions in spot December before the delivery period commences next week, players said. December cotton surged 1.68 cents to end at 46.59 cents a lb, dealing f
Published 17 Nov, 2004 12:00am
London coffee up on fund short covering

London coffee up on fund short covering

London coffee futures closed slightly higher on Tuesday although fund sales in New York caused a retreat from a seven-week peak reached in earlier trade, dealers said. Liffe's second-month January contract ended at $678 a tonne, up $8 after previously rea
Published 17 Nov, 2004 12:00am
London cocoa backtracks on exports report

London cocoa backtracks on exports report

London cocoa futures closed nearly three percent lower on Tuesday, with prices under pressure from reports of increased exports from Ivory Coast, traders said. Liffe's most-active March contract settled 29 pounds lower at 945 a tonne, well off the 11-week
Published 17 Nov, 2004 12:00am
Iran celebrates self-reliance in wheat production

Iran celebrates self-reliance in wheat production

Iran, formerly a major wheat importer, on Tuesday celebrated self-sufficiency in the grain, marking the first time in 40 years it would not need imports. Iran's Agriculture Ministry said it expected production to reach 11.38 million tonnes in the year to
Published 17 Nov, 2004 12:00am
Technical selling weighs on LME prices by close

Technical selling weighs on LME prices by close

Base metals closed down in Tuesday's ring sessions on the London Metal Exchange (LME) as technical selling in Asian copper washed through to London and New York, traders said. "London and then New York caught the selling bug from Asia, but that depth was
Published 17 Nov, 2004 12:00am
London gold touches new 16-1/4-year peak

London gold touches new 16-1/4-year peak

Gold touched $440.25 per ounce on Tuesday in Europe, scoring a new 16-1/4 year high for the third day running, with the market poised for more gains. Expectations of further dollar weakness amid worries over the US current account gap were seen taking bul
Published 17 Nov, 2004 12:00am
US MIDDAY: coffee tumbles on overheated bull run

US MIDDAY: coffee tumbles on overheated bull run

New York benchmark coffee futures fell 5 percent Tuesday as selling from producers and funds poured cold water on Monday's overheated bull run that pushed prices up to levels not seen since July 2000.
Published 17 Nov, 2004 12:00am
US MIDDAY: cocoa slides on industry stoppage

US MIDDAY: cocoa slides on industry stoppage

New York benchmark cocoa futures fell almost 4 percent Tuesday as Ivory Coast exporters recover from last week's industry stoppage caused by days of violence in the world's No 1 cocoa producing nation.
Published 17 Nov, 2004 12:00am
US MIDDAY: sugar near six-week high on fund buying

US MIDDAY: sugar near six-week high on fund buying

Raw sugar futures finished Tuesday near a 6-week high on relentless fund buying and the market is seemingly poised to hurdle technical barriers in the coming days, brokers said.
Published 17 Nov, 2004 12:00am
US MIDDAY: corn higher on technical buying

US MIDDAY: corn higher on technical buying

Corn futures at the Chicago Board of Trade were higher early Tuesday due to a combination of follow-through technical buying from the past two sessions and commercial pricing, traders said.
Published 17 Nov, 2004 12:00am
US MIDDAY: soya mixed on short-covering rally

US MIDDAY: soya mixed on short-covering rally

Soyabean futures at the Chicago Board of Trade were choppy and mixed early Tuesday, turning lower after an early short-covering rally inspired by fears about soya rust spreading in the United States, traders said.
Published 17 Nov, 2004 12:00am
US MIDDAY: copper drops on follow-through selling

US MIDDAY: copper drops on follow-through selling

COMEX copper futures fell early Tuesday as funds unloaded some of their holdings in technical follow-through selling after prices slipped in the Asian and London markets overnight, traders said.
Published 17 Nov, 2004 12:00am
US MIDDAY: gold futures rise on producer price index

US MIDDAY: gold futures rise on producer price index

US gold futures rose Tuesday morning after October's producer price index posted the biggest jump in 15 years, but futures just missed a new 16-year high, with little follow-through buying for inflation hedges.
Published 17 Nov, 2004 12:00am
Laws to be amended for children rights protection

Laws to be amended for children rights protection

The government is working on a National Plan of Action on Child Rights under which suitable amendments would be incorporated in the existing laws to protect the rights of children. "Provincial Commission for Child Welfare and Development (PCCWD) has initi
Published 17 Nov, 2004 12:00am
Pak-India dialogue to be encouraged: US

Pak-India dialogue to be encouraged: US

The White House on Monday said US Secretary of State Colin Powell had been "instrumental in helping to address the situation between India and Pakistan in the Kashmir region." Of Pakistan-India dialogue process, the White House Spokesman said the United S
Published 17 Nov, 2004 12:00am
Rs 15.75 million distributed among 1,000 beneficiaries

Rs 15.75 million distributed among 1,000 beneficiaries

Islamabad District Zakat Committee has distributed Rs15.75 million among about 1,000 beneficiaries under permanent rehabilitation scheme in Islamabad Capital Territory (ICT). The beneficiaries of this scheme were paid amounts ranging between Rs10,000 to 3
Published 17 Nov, 2004 12:00am
US has good relations with Pakistan and India: Powell

US has good relations with Pakistan and India: Powell

Speaking of "solid alliances in Asia," US Secretary of State Colin Powell Monday said the United States has "good relations" with Pakistan and India. "We've got good relations with China, the best, perhaps, in decades, good relations with India, Pakistan,
Published 17 Nov, 2004 12:00am
Food shortages across southern Africa

Food shortages across southern Africa

In the village of Likupa, the vegetables have come up but the more vulnerable maize harvest - the staple for much of the mountain kingdom of Lesotho's 2.2 million people - has failed for lack of rain. "Around November or December we will run out of food,"
Published 17 Nov, 2004 12:00am
Indian textile town brims with optimism as quotas end

Indian textile town brims with optimism as quotas end

Murthy, a 35-year-old tailor, watches eagerly as construction workers put the finishing touches to a big apparel park that opens for business at the end of the year. The 200-acre (80-hectare) park costing nearly 2.5 billion rupees ($55 million), is expect
Published 17 Nov, 2004 12:00am
France's future in Ivory Coast in doubt as citizens flee

France's future in Ivory Coast in doubt as citizens flee

Major anti-French violence in Ivory Coast over the past week, prompting mass evacuations, has left a question mark over France's long-term presence in its former star colony. "This time it's too much. The break is serious. We will have difficulty starting
Published 17 Nov, 2004 12:00am
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