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Print - 2004-11-18
US lauds EU bid to cut terror funding

US lauds EU bid to cut terror funding

The United States on Wednesday praised the European Union for its latest bid to choke funding of terrorism and crime but said more work was needed. A day after EU finance ministers agreed that travellers entering or leaving the European Union with more th
Published 18 Nov, 2004 12:00am
10 cops and one militant killed in Afghan clashes

10 cops and one militant killed in Afghan clashes

Ten policemen and a suspected Taleban fighter have been killed in clashes between government forces and militants in southern Afghanistan, officials said on Wednesday. On Tuesday night in Helmand province six policemen and a militant were killed in a Tale
Published 18 Nov, 2004 12:00am
10 cops and one militant killed in Afghan clashes

10 cops and one militant killed in Afghan clashes

Ten policemen and a suspected Taleban fighter have been killed in clashes between government forces and militants in southern Afghanistan, officials said on Wednesday. On Tuesday night in Helmand province six policemen and a militant were killed in a Tale
Published 18 Nov, 2004 12:00am
Berlusconi backs economy ministry as tax row rages

Berlusconi backs economy ministry as tax row rages

Prime Minister Silvio Berlusconi was forced to declare publicly his faith in the Economy Ministry on Wednesday as his government faced ridicule from the press and opposition over its failure to pin down tax cuts. Berlusconi last week renounced long-promis
Published 18 Nov, 2004 12:00am
Mineral sector made attractive for foreign investment

Mineral sector made attractive for foreign investment

The federal government have modified the fiscal incentives and regulatory framework to attract foreign investment in the minerals sector. This has been done keeping in view the recent Geological Survey in various parts of the country which has confirmed g
Published 18 Nov, 2004 12:00am
Mineral sector made attractive for foreign investment

Mineral sector made attractive for foreign investment

The federal government have modified the fiscal incentives and regulatory framework to attract foreign investment in the minerals sector. This has been done keeping in view the recent Geological Survey in various parts of the country which has confirmed g
Published 18 Nov, 2004 12:00am
Chinese teas most economical

Chinese teas most economical

Pakistan is importing lowest priced black tea from China as compared to other 15 countries from where Pakistan imports this variety of tea. On the other hand, highest priced tea is imported from Sri Lanka. In October 2004, Pakistan imported 26,500 kg tea
Published 18 Nov, 2004 12:00am
Chinese teas most economical

Chinese teas most economical

Pakistan is importing lowest priced black tea from China as compared to other 15 countries from where Pakistan imports this variety of tea. On the other hand, highest priced tea is imported from Sri Lanka. In October 2004, Pakistan imported 26,500 kg tea
Published 18 Nov, 2004 12:00am
Refineries show healthy growth

Refineries show healthy growth

Profitability of three refineries listed at Karachi Stock Exchange (KSE) during the first quarter of the current fiscal year recorded healthy growth where earnings amounted Rs 1.150 billion because of higher oil prices. The refineries'' profitability, glo
Published 18 Nov, 2004 12:00am
Refineries show healthy growth

Refineries show healthy growth

Profitability of three refineries listed at Karachi Stock Exchange (KSE) during the first quarter of the current fiscal year recorded healthy growth where earnings amounted Rs 1.150 billion because of higher oil prices. The refineries' profitability, glob
Published 18 Nov, 2004 12:00am
Refineries show healthy growth

Refineries show healthy growth

Profitability of three refineries listed at Karachi Stock Exchange (KSE) during the first quarter of the current fiscal year recorded healthy growth where earnings amounted Rs 1.150 billion because of higher oil prices. The refineries' profitability, glob
Published 18 Nov, 2004 12:00am
FedEx to expand Kinko's in Asia, posts China boom

FedEx to expand Kinko's in Asia, posts China boom

FedEx Corp, the world's top air express shipper, is posting explosive growth in China and now plans to expand its Kinko's copy-chain across Asia, a senior executive said on Wednesday. FedEx, which vies with Deutsche Post's DHL Express and United Parcel Se
Published 18 Nov, 2004 12:00am
FedEx to expand Kinko's in Asia, posts China boom

FedEx to expand Kinko's in Asia, posts China boom

FedEx Corp, the world's top air express shipper, is posting explosive growth in China and now plans to expand its Kinko's copy-chain across Asia, a senior executive said on Wednesday. FedEx, which vies with Deutsche Post's DHL Express and United Parcel Se
Published 18 Nov, 2004 12:00am
German wise men see oil and euro as main growth risks

German wise men see oil and euro as main growth risks

Germany's council of economic advisers on Wednesday predicted Europe's biggest economy would expand at roughly the same pace next year as in 2004, but said high oil prices and a strong euro were significant risks. Germany's gross domestic product will inc
Published 18 Nov, 2004 12:00am
Florida heads US cities list for job growth

Florida heads US cities list for job growth

Thanks to a booming services sector, Florida has become home to seven of the top 20 US metropolitan areas measured on their ability to create and retain jobs, according to a report released on Wednesday. The "Best Performing Cities" report by the Santa Mo
Published 18 Nov, 2004 12:00am
Hewlett-Packard profit climbs 27 percent

Hewlett-Packard profit climbs 27 percent

Hewlett-Packard Co on Tuesday reported quarterly profit rose 27 percent as the computer and printer maker saw record revenues in every business and every region and fixed problems with its server and storage unit, sending shares higher by 8 percent. The N
Published 18 Nov, 2004 12:00am
Hewlett-Packard profit climbs 27 percent

Hewlett-Packard profit climbs 27 percent

Hewlett-Packard Co on Tuesday reported quarterly profit rose 27 percent as the computer and printer maker saw record revenues in every business and every region and fixed problems with its server and storage unit, sending shares higher by 8 percent. The N
Published 18 Nov, 2004 12:00am
China to let students take more foreign exchange abroad

China to let students take more foreign exchange abroad

China's foreign exchange regulator said on Wednesday it will allow students studying abroad to take out more foreign currency, the latest step to free up capital flows in preparation to make the yuan more flexible. The move followed the regulator's announ
Published 18 Nov, 2004 12:00am
Finnish bus strike widens to Helsinki port

Finnish bus strike widens to Helsinki port

A week-long Finnish bus drivers' strike spread to the Helsinki port on Wednesday, largely halting the loading and unloading of goods and threatening chemicals and forestry firms with millions of euros in losses. The spread of the strike, which started in
Published 18 Nov, 2004 12:00am
Hedge fund returns under pressure-US endowments

Hedge fund returns under pressure-US endowments

Hedge funds may struggle to make strong returns in future as a flood of new investment inflows dilutes opportunities for strong performance, senior executives from US university endowment funds said on Wednesday. The industry may struggle to fulfil client
Published 18 Nov, 2004 12:00am
Hedge fund returns under pressure-US endowments

Hedge fund returns under pressure-US endowments

Hedge funds may struggle to make strong returns in future as a flood of new investment inflows dilutes opportunities for strong performance, senior executives from US university endowment funds said on Wednesday. The industry may struggle to fulfil client
Published 18 Nov, 2004 12:00am
Indian October exports up

Indian October exports up

India's October exports grew 9.5 percent from a year earlier, slowing from September due to less than expected global demand, but the trade deficit widened on costly oil imports, data showed on Wednesday. Exports totalled $5.95 billion in October compared
Published 18 Nov, 2004 12:00am
India starts luxury bus service to Pakistan

India starts luxury bus service to Pakistan

A gleaming Volvo bus equipped with toilets and a coffee bar rolled out on Wednesday for its first journey to Pakistan taking 41 Indian passengers on a never before, 536km luxury ride across the border. An official of Delhi Transport Corporation (DTC) said
Published 18 Nov, 2004 12:00am
India starts luxury bus service to Pakistan

India starts luxury bus service to Pakistan

A gleaming Volvo bus equipped with toilets and a coffee bar rolled out on Wednesday for its first journey to Pakistan taking 41 Indian passengers on a never before, 536km luxury ride across the border. An official of Delhi Transport Corporation (DTC) said
Published 18 Nov, 2004 12:00am
Vivendi Universal raises 2004 profit forecast

Vivendi Universal raises 2004 profit forecast

Vivendi Universal raised its 2004 earnings forecast as it reported a 19 percent increase in underlying third-quarter profit on Wednesday, driven mainly by strong mobile phone sales. On a published basis, operating profit generated by France's largest medi
Published 18 Nov, 2004 12:00am
Vivendi Universal raises 2004 profit forecast

Vivendi Universal raises 2004 profit forecast

Vivendi Universal raised its 2004 earnings forecast as it reported a 19 percent increase in underlying third-quarter profit on Wednesday, driven mainly by strong mobile phone sales. On a published basis, operating profit generated by France's largest medi
Published 18 Nov, 2004 12:00am
US Congress notified of three arms deals with Pakistan

US Congress notified of three arms deals with Pakistan

The Pentagon notified Congress on Tuesday about three proposed arms deals with Pakistan, including the sale of eight P-3C Orion surveillance aircraft valued at $970 million. The Defence Security Co-operation Agency, which handles foreign arms sales for th
Published 18 Nov, 2004 12:00am
US Congress notified of three arms deals with Pakistan

US Congress notified of three arms deals with Pakistan

The Pentagon notified Congress on Tuesday about three proposed arms deals with Pakistan, including the sale of eight P-3C Orion surveillance aircraft valued at $970 million. The Defence Security Co-operation Agency, which handles foreign arms sales for th
Published 18 Nov, 2004 12:00am
20 percent Kot Adu shares cleared for IPO

20 percent Kot Adu shares cleared for IPO

The Water and Power Development Authority (Wadpa) and UK-based International Power Plc have allowed sale of shares in Kot Adu Power Co through stock market. "Kot Adu Power Co, of which we own 36 percent, our partner Water and Power Development Authority i
Published 18 Nov, 2004 12:00am
20 percent Kot Adu shares cleared for IPO

20 percent Kot Adu shares cleared for IPO

The Water and Power Development Authority (Wadpa) and UK-based International Power Plc have allowed sale of shares in Kot Adu Power Co through stock market. "Kot Adu Power Co, of which we own 36 percent, our partner Water and Power Development Authority i
Published 18 Nov, 2004 12:00am
20 percent Kot Adu shares cleared for IPO

20 percent Kot Adu shares cleared for IPO

The Water and Power Development Authority (Wadpa) and UK-based International Power Plc have allowed sale of shares in Kot Adu Power Co through stock market. "Kot Adu Power Co, of which we own 36 percent, our partner Water and Power Development Authority i
Published 18 Nov, 2004 12:00am
20 percent Kot Adu shares cleared for IPO

20 percent Kot Adu shares cleared for IPO

The Water and Power Development Authority (Wadpa) and UK-based International Power Plc have allowed sale of shares in Kot Adu Power Co through stock market. "Kot Adu Power Co, of which we own 36 percent, our partner Water and Power Development Authority i
Published 18 Nov, 2004 12:00am
Cinema blast kills two in Mingora

Cinema blast kills two in Mingora

Two people were killed and 29 injured when a bomb exploded during a midnight film session in a cinema in Swat valley, police said Wednesday. The explosion ripped through the Palwasha movie theatre just after midnight in Mingora City, a picturesque river v
Published 18 Nov, 2004 12:00am
Cinema blast kills two in Mingora

Cinema blast kills two in Mingora

Two people were killed and 29 injured when a bomb exploded during a midnight film session in a cinema in Swat valley, police said Wednesday. The explosion ripped through the Palwasha movie theatre just after midnight in Mingora City, a picturesque river v
Published 18 Nov, 2004 12:00am
India's tax move steers Pakistani IT industry into world market

India's tax move steers Pakistani IT industry into world market

Official sources here believe that the recent slapping down of more than 35 percent income tax on foreign firms in the Indian silicone industry will help steer Pakistan's IT exporters to the mainstream of world market. New Delhi's action has prompted the
Published 18 Nov, 2004 12:00am
India's tax move steers Pakistani IT industry into world market

India's tax move steers Pakistani IT industry into world market

Official sources here believe that the recent slapping down of more than 35 percent income tax on foreign firms in the Indian silicone industry will help steer Pakistan's IT exporters to the mainstream of world market. New Delhi's action has prompted the
Published 18 Nov, 2004 12:00am
World Bank sees 4.1 percent per capita income growth in South Asia

World Bank sees 4.1 percent per capita income growth in South Asia

The World Bank has projected average per capita income growth for South Asia for 2006-15 at 4.1 percent with the hope that reforms initiated by the regional countries would quicken and begin to pay productivity dividends to the people in due course of tim
Published 18 Nov, 2004 12:00am
World Bank sees 4.1 percent per capita income growth in South Asia

World Bank sees 4.1 percent per capita income growth in South Asia

The World Bank has projected average per capita income growth for South Asia for 2006-15 at 4.1 percent with the hope that reforms initiated by the regional countries would quicken and begin to pay productivity dividends to the people in due course of tim
Published 18 Nov, 2004 12:00am
EPB stops shipments in 7 categories for US

EPB stops shipments in 7 categories for US

The Export Promotion Bureau (EPB) stopped shipments in seven categories for the US from November 13 due to high utilisation rate. The categories are 347/348, 360, 361, 666(S), 666(S), and 338, while the latest category included in the ban on the shipments
Published 18 Nov, 2004 12:00am
EPB stops shipments in 7 categories for US

EPB stops shipments in 7 categories for US

The Export Promotion Bureau (EPB) stopped shipments in seven categories for the US from November 13 due to high utilisation rate. The categories are 347/348, 360, 361, 666(S), 666(S), and 338, while the latest category included in the ban on the shipments
Published 18 Nov, 2004 12:00am
THE RUPEE: firmness seen against dollar

THE RUPEE: firmness seen against dollar

The rupee registered a significant improvement in its worth in relation to the greenback and the British pound in partially opened local currency markets on Wednesday. Currency dealers said the greenback commenced trading at Rs 59.70 and Rs 59.90 on buyin
Published 18 Nov, 2004 12:00am
THE RUPEE: firmness seen against dollar

THE RUPEE: firmness seen against dollar

The rupee registered a significant improvement in its worth in relation to the greenback and the British pound in partially opened local currency markets on Wednesday. Currency dealers said the greenback commenced trading at Rs 59.70 and Rs 59.90 on buyin
Published 18 Nov, 2004 12:00am
Clothing retailer crunch seen when textile quotas end

Clothing retailer crunch seen when textile quotas end

Big changes - including price wars and job losses - are in store for the US retail industry when a decades-old system of import quotas for textile imports expires this year, retail experts say. The United States currently limits clothing and textiles impo
Published 18 Nov, 2004 12:00am
NCRI claim denied

NCRI claim denied

Pakistan on Wednesday denied an Iranian opposition group, NCRI claim that its nuclear scientist Abdul Qadeer Khan had transferred highly enriched uranium to Tehran in 2001. "This is a highly exaggerated account. Somebody has let his imagination run wild,"
Published 18 Nov, 2004 12:00am
Asian silks exhibition opens in Paris

Asian silks exhibition opens in Paris

Kashmiri shawls, saris from Bengal and a Tibetan lama cloak once owned by the late dancer Rudolf Nureyev feature in a spectacular exhibition of silks that has opened in Paris, the legacy of an Indian-born connoisseur of Asian textiles. The collection at t
Published 18 Nov, 2004 12:00am
Condolence book

Condolence book

The Quaid-e-Millat Liaquat Ali Khan Memorial Committee is placing a condolence book to pay tributes to late Palestinian President Yasser Arafat for three days at the Hilal-e-Ahmer House, Clifton from Thursday. Memorial Committee Secretary General Mahfoozu
Published 18 Nov, 2004 12:00am
Singh dangles $5.3 billion plan for peace before Kashmiris

Singh dangles $5.3 billion plan for peace before Kashmiris

Indian Prime Minister Manmohan Singh on Wednesday dangled a multi-billion-dollar plan for peace before Kashmiris as he pulled an army battalion out of the insurgency-hit state and hinted at further troop cuts. "I have a dream and a firm belief that we can
Published 18 Nov, 2004 12:00am
Pak-Turkmen gas line talks due in January

Pak-Turkmen gas line talks due in January

Pakistan, Afghanistan and Turkmenistan will hold talks in January on constructing a long-delayed $2-2.5 billion pipeline to transport gas from Turkmenistan, an Afghan official said on Wednesday. "There are three problems to be addressed," Hakim Khan Taniw
Published 18 Nov, 2004 12:00am
Pak-Turkmen gas line talks due in January

Pak-Turkmen gas line talks due in January

Pakistan, Afghanistan and Turkmenistan will hold talks in January on constructing a long-delayed $2-2.5 billion pipeline to transport gas from Turkmenistan, an Afghan official said on Wednesday. "There are three problems to be addressed," Hakim Khan Taniw
Published 18 Nov, 2004 12:00am
Pakistan hails withdrawal

Pakistan hails withdrawal

Pakistan welcomed on Wednesday the first withdrawal of Indian occupation troops from occupied Kashmir. "This is a positive development and a good beginning," foreign ministry spokesman Masood Khan told AFP. "We hope that gradual reduction of troops would
Published 18 Nov, 2004 12:00am
Pakistan hails withdrawal

Pakistan hails withdrawal

Pakistan welcomed on Wednesday the first withdrawal of Indian occupation troops from occupied Kashmir. "This is a positive development and a good beginning," foreign ministry spokesman Masood Khan told AFP. "We hope that gradual reduction of troops would
Published 18 Nov, 2004 12:00am
India starts troop pullout

India starts troop pullout

A battalion of Indian occupation paratroopers pulled out from northern occupied Kashmir town on Wednesday, the first Indian occupation soldiers to leave the volatile state, as Prime Minister Manmohan Singh hinted at further reductions. One thousand occupa
Published 18 Nov, 2004 12:00am
India starts troop pullout

India starts troop pullout

A battalion of Indian occupation paratroopers pulled out from northern occupied Kashmir town on Wednesday, the first Indian occupation soldiers to leave the volatile state, as Prime Minister Manmohan Singh hinted at further reductions. One thousand occupa
Published 18 Nov, 2004 12:00am
Over 20 killed in fresh Iraq violence

Over 20 killed in fresh Iraq violence

The suspected murder of British aid worker Margaret Hassan in Iraq was widely condemned on Wednesday as a wave of unrest across Sunni Muslim hotspots killed more than 20 people, many of them women and children. Amid continued violence, more than 60 Iraqi
Published 18 Nov, 2004 12:00am
Over 20 killed in fresh Iraq violence

Over 20 killed in fresh Iraq violence

The suspected murder of British aid worker Margaret Hassan in Iraq was widely condemned on Wednesday as a wave of unrest across Sunni Muslim hotspots killed more than 20 people, many of them women and children. Amid continued violence, more than 60 Iraqi
Published 18 Nov, 2004 12:00am
Dollar falls to record low versus euro

Dollar falls to record low versus euro

The dollar dropped to an all-time low against the euro on Wednesday ahead of a G20 finance ministers' meeting in Berlin as analysts fretted that officials would do little to stem the currency's fall. A stream of quite upbeat US economic data was largely i
Published 18 Nov, 2004 12:00am
Dollar falls to record low versus euro

Dollar falls to record low versus euro

The dollar dropped to an all-time low against the euro on Wednesday ahead of a G20 finance ministers' meeting in Berlin as analysts fretted that officials would do little to stem the currency's fall. A stream of quite upbeat US economic data was largely i
Published 18 Nov, 2004 12:00am
Passengers from UK and US allowed to use 'green channel'

Passengers from UK and US allowed to use 'green channel'

The Central Board of Revenue (CBR) has decided to permit baggage clearance of incoming passengers from the USA and UK at all international airports through 'green channel' without following checking procedure, to save them from inconvenience. According to
Published 18 Nov, 2004 12:00am
Passengers from UK and US allowed to use 'green channel'

Passengers from UK and US allowed to use 'green channel'

The Central Board of Revenue (CBR) has decided to permit baggage clearance of incoming passengers from the USA and UK at all international airports through 'green channel' without following checking procedure, to save them from inconvenience. According to
Published 18 Nov, 2004 12:00am
Singh rules out redrawing border to solve Kashmir issue

Singh rules out redrawing border to solve Kashmir issue

Indian Prime Minister Manmohan Singh ruled out on Wednesday redrawing India's borders with Pakistan as a solution to their dispute over Kashmir. President Pervez Musharraf suggested last month that parts of Azad and occupied Kashmir be demilitarised, be p
Published 18 Nov, 2004 12:00am
The Weather

The Weather

The weather report on Wednesday (November 17) and the forecast for Thursday (November 18, 2004).
Published 18 Nov, 2004 12:00am
Singh rules out redrawing border to solve Kashmir issue

Singh rules out redrawing border to solve Kashmir issue

Indian Prime Minister Manmohan Singh ruled out on Wednesday redrawing India's borders with Pakistan as a solution to their dispute over Kashmir. President Pervez Musharraf suggested last month that parts of Azad and occupied Kashmir be demilitarised, be p
Published 18 Nov, 2004 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 18 Nov, 2004 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 18 Nov, 2004 12:00am
Key stocks, currency market movements

Key stocks, currency market movements

The latest close of key indices on major world stock exchanges, the day's change in points and the indices' 2004 closing highs and lows (with dates).
Published 18 Nov, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (November 17, 2004).

Published 18 Nov, 2004 12:00am
Automobile Assembler: ATLAS HONDA LIMITED - Year Ended June 30, 2004

Automobile Assembler: ATLAS HONDA LIMITED - Year Ended June 30, 2004

"Maien tae Honda e Laisaan" slogan of the company created strong brand preference among the consumers. The recall value of the ads has been so powerful that all over the country customers have been willing to wait for the company's product. The year under
Published 18 Nov, 2004 12:00am
Automobile Assembler: ATLAS HONDA LIMITED - Year Ended June 30, 2004

Automobile Assembler: ATLAS HONDA LIMITED - Year Ended June 30, 2004

"Maien tae Honda e Laisaan" slogan of the company created strong brand preference among the consumers. The recall value of the ads has been so powerful that all over the country customers have been willing to wait for the company's product. The year under
Published 18 Nov, 2004 12:00am
New York cocoa slides on producer, fund sales

New York cocoa slides on producer, fund sales

New York benchmark cocoa futures fell almost four 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. With Ivorian cocoa farmers enjoying high prices an
Published 18 Nov, 2004 12:00am
New York coffee futures down after rally

New York coffee futures down after rally

New York coffee futures were called to open down 2.00 cents Tuesday, with the return of Brazilian producers prompting a retreat from yesterday's breathtaking advance, floor sources said. Many producers in top coffee grower Brazil were absent from trade Mo
Published 18 Nov, 2004 12:00am
Key facts about soyabean rust disease

Key facts about soyabean rust disease

Soybean rust discovered in the United States last week in two small plots in Louisiana may have spread to three more fields in the state and one in neighbouring Mississippi, according to federal and state agriculture investigators. The disease is caused b
Published 18 Nov, 2004 12:00am
Chinese copper futures gain as spot prices recover

Chinese copper futures gain as spot prices recover

Chinese copper futures contracts climbed moderately on Wednesday as a jump in prices on the domestic spot market overcame poor sentiment after a 2 percent fall on the London Metal Exchange, traders said. The most active January contract on the Shanghai Fu
Published 18 Nov, 2004 12:00am
Comex copper down on supply rumours, PPI surge

Comex copper down on supply rumours, PPI surge

COMEX copper futures fell on Tuesday as funds unloaded some of their holdings initially to follow the selling in Asian and London markets, then added to losses when US producer prices showed a surprising surge, traders said. "When we started out, there wa
Published 18 Nov, 2004 12:00am
New York gold closes at new multiyear peak above $440 an ounce

New York gold closes at new multiyear peak above $440 an ounce

US gold futures closed at a 16-1/4-year high on Tuesday as the market extended its bull move above $440 an ounce, aided by a weak dollar that made the metal cheaper to buy for overseas investors. Silver rode gold's coattails higher, while platinum fell af
Published 18 Nov, 2004 12:00am
Tokyo platinum extends losses after Matthey report

Tokyo platinum extends losses after Matthey report

Tokyo platinum futures extended losses on Wednesday to their lowest level in a week, with sentiment hurt by a forecast that platinum supplies will exceed demand in 2005 for the first time in several years. The benchmark October 2005 contract on the Tokyo
Published 18 Nov, 2004 12:00am
Malaysian tin down

Malaysian tin down

Malaysian tin fell on Wednesday on profit-taking triggered by a lower close in the price of the metal in London. Spot tin on the Kuala Lumpur Tin Market (KLTM) ended $30, or 0.3 percent, down at $9,040 a tonne after a transaction of 137 tonnes. On Friday,
Published 18 Nov, 2004 12:00am
Oil slips to $46 ahead of expected US stock build

Oil slips to $46 ahead of expected US stock build

Oil prices eased again early on Wednesday, hovering around $46 a barrel ahead of weekly US data expected to show fuel stocks rising in time for winter. US light crude futures were trading down 11 cents at $46 a barrel, having racked up losses totalling ne
Published 18 Nov, 2004 12:00am
Thai rubber futures climb

Thai rubber futures climb

Thai rubber futures rebounded on Wednesday as players covered short positions after contracts found support at 50.3 baht per kg, brokers said. Overall volume rose as 239 contracts of ribbed smoked sheet number three (RSS3) were traded compared to 222 cont
Published 18 Nov, 2004 12:00am
Tocom rubber moves little, struggles for direction

Tocom rubber moves little, struggles for direction

Tokyo rubber futures barely budged on Wednesday as the market struggled to find direction, and some players said it was likely to move narrowly until next week's expiry of the spot contract. The benchmark April 2005 contract on the Tokyo Commodity Exchang
Published 18 Nov, 2004 12:00am
Australian grain

Australian grain

Australia's winter wheat harvest is in full swing, with around 20 percent of a moderately large crop expected to be in the bins by the end of the week. Recent rain across the cropping belt had slowed the harvest in some areas, but was not causing major pr
Published 18 Nov, 2004 12:00am
New York sugar closes near six-week high, may go higher

New York sugar closes near six-week high, may go higher

Raw sugar futures finished on Tuesday near a six-week high on relentless fund buying and the market is seemingly poised to hurdle technical barriers in the coming days, brokers said. The New York Board of Trade's key March raw sugar contract climbed 0.17
Published 18 Nov, 2004 12:00am
Poor rainfall hits South African maize

Poor rainfall hits South African maize

Low rainfall is delaying the planting of South African maize but next year's crop could still be saved if heavy rains come in the next few weeks, producer body Grain South Africa said on Wednesday. Some rain had fallen on grain producing areas east of Joh
Published 18 Nov, 2004 12:00am
CBOT rice lower on follow-through technical selling

CBOT rice lower on follow-through technical selling

Rough rice futures at the Chicago Board of Trade closed lower on Tuesday on follow-through technical selling after Monday's weak close, traders said. CBOT rice futures settled 2 to 6 cents per hundredweight lower. November did not trade, while January clo
Published 18 Nov, 2004 12:00am
US steps up policing food trade to Cuba

US steps up policing food trade to Cuba

The Bush administration has delayed some Cuban payments to US food exporters to investigate compliance with rules governing sales to Cuba under an exception to the four-decade trade embargo, trade sources said on Tuesday. They said the US Treasury Office
Published 18 Nov, 2004 12:00am
Malaysian palm oil rallies after long break

Malaysian palm oil rallies after long break

Malaysian crude palm oil futures rallied to six-week highs on Wednesday after exports data for first-half November showed an encouraging growth over October 1-15. A rise in Chicago soyoil futures over the last week - when the palm oil exchange in Kuala Lu
Published 18 Nov, 2004 12:00am
Oil market oversupplied: Iran

Oil market oversupplied: Iran

Iran's oil minister said Wednesday he believed the world was awash with oil and blamed high prices on politics and not supplies. "There is an oversupply of the market, and the high prices can be explained by politics," Bijan Namdar Zanghaneh, whose countr
Published 18 Nov, 2004 12:00am
World Bank to double India assistance

World Bank to double India assistance

World Bank President James D. Wolfensohn said Wednesday the bank's financial assistance to India would soon likely be doubled to three billion dollars a year. "We are talking at the moment of sanctioning over three billion dollars annually for the next fe
Published 18 Nov, 2004 12:00am
Yukos headquarters and production unit raided

Yukos headquarters and production unit raided

Prosecution officials Wednesday raided the headquarters of the troubled Russian oil giant Yukos, a company spokesman told AFP, with another simultaneous raid reported at the Siberian offices of its main production unit. "A dozen officials from the prosecu
Published 18 Nov, 2004 12:00am
Kmart buying Sears in $11.5 billion deal

Kmart buying Sears in $11.5 billion deal

Discount retailer Kmart Holding Corp will buy department store operator Sears, Roebuck & Co in a surprise $11.5 billion deal unveiled on Wednesday that will create the third-largest US retailer. The new company, Sears Holdings, will have $55 billion in an
Published 18 Nov, 2004 12:00am
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