Ford Motor Co on Tuesday said earnings will fall this year due to a drop in profit from its finance unit, which it expects to be hit by rising interest rates. But the second-largest US auto-maker said it was still on track to meet its goal of posting $7 b
Bulls commanded the proceedings at the Islamabad Stock Exchange (ISE) where equities showed plus signs amid the increase in index. ISE network index showed an increase of 36.50 points as the price-based indictor moved from 13,702.41 to 13,738.91 points, w
Bulls commanded the proceedings at the Islamabad Stock Exchange (ISE) where equities showed plus signs amid the increase in index. ISE network index showed an increase of 36.50 points as the price-based indictor moved from 13,702.41 to 13,738.91 points, w
Equities moved both ways on the Lahore Stock Exchange (LSE), and finally stayed in positive zone with the help of Nishat Mills, OGDC and Adamjee Insurance, amid descending transaction volume for lack of interest on the part of investors. The LSE-25 index
Equities moved both ways on the Lahore Stock Exchange (LSE), and finally stayed in positive zone with the help of Nishat Mills, OGDC and Adamjee Insurance, amid descending transaction volume for lack of interest on the part of investors. The LSE-25 index
More than 300 Hindu pilgrims were trampled to death and 200 injured on Tuesday in a stampede at a religious festival in western India, police said. Additional Director General of Police V.N. Deshmukh said most of the dead were women and children who were
More than 300 Hindu pilgrims were trampled to death and 200 injured on Tuesday in a stampede at a religious festival in western India, police said. Additional Director General of Police V.N. Deshmukh said most of the dead were women and children who were
An American hostage in Iraq was shown pleading for his life in a videotape on Tuesday, as at least 11 people were killed and al Qaeda loyalists attacked polling stations ahead of Sunday's key vote. A bearded man, wearing a black and cream shirt and identi
An American hostage in Iraq was shown pleading for his life in a videotape on Tuesday, as at least 11 people were killed and al Qaeda loyalists attacked polling stations ahead of Sunday's key vote. A bearded man, wearing a black and cream shirt and identi
The Central Board of Revenue (CBR) has set new goals for the implementation of human resource strategy to facilitate taxpayers through better management. In this regard, HRM team headed by Member, HRM, Zafar Aziz Osmani concluded a two-day strategy planni
The Central Board of Revenue (CBR) has set new goals for the implementation of human resource strategy to facilitate taxpayers through better management. In this regard, HRM team headed by Member, HRM, Zafar Aziz Osmani concluded a two-day strategy planni
The profit-taking did not allow the index to sustain the 6,900 mark as KSE-100 index, after registering a net gain of 25.61 points, finally closed at 6,887.58 points on Tuesday. The KSE-100 index increased by 25.61 points or 0.37 percent to close at 6887.
The profit-taking did not allow the index to sustain the 6,900 mark as KSE-100 index, after registering a net gain of 25.61 points, finally closed at 6,887.58 points on Tuesday. The KSE-100 index increased by 25.61 points or 0.37 percent to close at 6887.
The textile buyers in European Union (EU) have adopted a "wait and see" posture, waiting for the new duty structure for the textile exports from Pakistan. Both the textile exporters and the EU buyers have pinned great hopes on the outcome of Prime Ministe
The textile buyers in European Union (EU) have adopted a "wait and see" posture, waiting for the new duty structure for the textile exports from Pakistan. Both the textile exporters and the EU buyers have pinned great hopes on the outcome of Prime Ministe
The European Union is willing to deal with Pakistan's request for 'GSP Plus' qualification within the context of the WTO rules since the room for manoeuvrability is wide, EU High Representative for Common Foreign and Security Policy and European Council h
The European Union is willing to deal with Pakistan's request for 'GSP Plus' qualification within the context of the WTO rules since the room for manoeuvrability is wide, EU High Representative for Common Foreign and Security Policy and European Council h
US stocks shot higher on Tuesday, reversing a four-day losing streak, as earnings from companies like Johnson & Johnson and positive consumer confidence data pleased Wall Street. As investors bought stocks that had been beaten down since the start of the
Indian shares rose nearly 1 percent on Tuesday, reversing losses from the previous session, as investors took heart from strong quarterly earnings, but the rupee weakened as hopes for a yuan revaluation faded. The 30-share Mumbai Stock Exchange index rose
European corporate bonds rose in value on Tuesday, as spreads on auto bonds tightened after Ford Motor Co affirmed a 2006 profit target and Lehman Brothers changed the rules of a bond index. The FTSE Euro Corporate Bond Index showed investment-grade corpo
European corporate bonds rose in value on Tuesday, as spreads on auto bonds tightened after Ford Motor Co affirmed a 2006 profit target and Lehman Brothers changed the rules of a bond index. The FTSE Euro Corporate Bond Index showed investment-grade corpo
Bank Lloyds TSB and delivery firm Exel led Britain's FTSE 100 to its biggest rise since the first session of the year on Tuesday as take-over talk swirled around both firms, while telecoms group Cable & Wireless, insurer Aviva and several big US names add
The rupee edged down on Tuesday as month-end demand for dollars weighed on a market grappling with a slowdown in foreign fund flows into the domestic stock market and diminishing prospects of an imminent yuan revaluation. The rupee ended at 43.7850/8000 p
Sterling lost ground to a firmer dollar on Tuesday and also ticked lower against the euro as investors awaited Bank of England minutes and growth data due this week for more clues on the outlook for UK interest rates. In the absence of major British data
The Japanese yen slid more than one percent against the dollar on Tuesday after China suggested a revaluation of its pegged currency may be further away than some had expected. In an interview with Reuters, a senior Chinese official said the country neede
Cocoa prices are expected to make strong gains in 2005 as production lags demand for the first time in three years and political instability in Ivory Coast aggravates supply worries, a Reuters poll showed on Tuesday. London's benchmark cocoa futures are s
China is turning to competitively-priced South American soyabeans in an attempt to keep its costs to a minimum amid fears a new outbreak of bird flu may decimate demand for soyameal feed from poultry farmers. They said China, the world's top soya importer
US oil prices rose to a fresh eight-week high on Tuesday, supported by news of a fire at a big Louisiana refinery that has slowed the plant's fuel production. The gains built on recent strength from a cold snap in the Northeast that has fired up furnaces
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
London sugar futures ended firmer after a choppy Tuesday session featuring trade and speculator buying, spread activity, hedging and producer sales, with the focus still on Indian and Pakistani cash demand, traders said. London March ended up 80 cents at
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Farmgate prices in Ivory Coast's cocoa regions were mixed in the week of January 17-23, data from the BCC marketing body showed on Tuesday. In the western region of Soubre, farmer Salifou Diakite said buyers in the region were reluctant to pay more becaus
US cotton futures settled slightly firmer Tuesday on late speculative buying although the market is seen staying pinned in a narrow band over the next few sessions, dealers said. New York Board of Trade March cotton gained 0.34 cent to finish at 46.78 cen
Iraq doubled its purchases of US wheat this marketing year with the announcement on Tuesday of a sale of 165,000 tonnes of US hard red winter wheat, an inroad into a market dominated by Australia. The sale, reported by the Agriculture Department, substant
London coffee futures gained for the third straight session and hit a three-week high after a spate of late fund buying boosted prices on Tuesday, traders said. "New York hit a stop and then we saw fund buying," one trader said. "Funds were buying in Lond
Singapore bunker prices rose on Tuesday, tracking lower fuel oil cargo values. Bunker fuel of 380-centistoke (cst) grade was pegged at $191-$193 a tonne, down $2 from the previous trading day with the premium to cargo levels widening by another $1.25 to $
Base metals ended with pared losses as downside support levels held, after extending midsession declines at one stage during Tuesday afternoon ring trading on the London Metal Exchange (LME). Benchmark metal copper rallied from a low around $3,035, regain
The Karachi Port handled 68,571 tonnes of cargo including 58,298 tonnes import and 10,273 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 15,862 tonnes dry cargo including 5,635 tonnes general cargo; 907 to
Gold dropped on Tuesday afternoon in Europe, as investor money flowed into the dollar on stronger-than-expected US consumer confidence data, dealers said. Spot gold fell to $423.10/423.90 per troy ounce by 1538 GMT, compared with $426.60/427.35 late in Ne
Thai rice futures ended mixed in thin trade on Tuesday as some players bought contracts on expectations of prices rising further on reduced local supply, brokers said. Trading was thin as 86 contracts of five-percent white rice were traded compared to Mon
Benchmark arabica coffee futures rose to a near one-month contract high Tuesday, fuelled by demand from funds and speculators on the heels of a rally in robusta prices in London, traders and analysts said. "The locals were playing on the short side at the
Kazakhstan's state shipping firm Kazmortransflot is planning to borrow up to $60 million to build a tanker fleet to help export the Central Asian state's oil riches to the world market, the company said on Tuesday. Kazmortransflot, leasing oil tankers fro
New York cocoa futures ended narrowly mixed on Tuesday as a strengthening dollar nearly wiped away early gains, traders said. After breaking above a 2-1/2-week trading range on Monday, cocoa futures failed to garner the momentum needed to maintain the ral
India's state-run National Aluminium Company Ltd (Nalco) is selling 30,000 tonnes of alumina in a tender that closes on Friday, traders in Europe and Asia said on Tuesday. The alumina is being sold on an FOB basis for shipment in late February or early Ma
Raw sugar futures closed Tuesday at a 2-1/2 week high on late speculative buying and the sweetener may grind higher despite robust producer selling in the market, analysts said. A supply gap and stronger consumer buying should give sugar a boost in the we
US Gulf FOB corn basis offers were mostly steady on Monday while tight supplies amid slow farmer selling lifted soyabean prices, traders said. High water on rivers moving grain to exporters at the Gulf was beginning to recede, helping to speed up barge tr
Chicago Board of Trade wheat futures were higher early Tuesday on a short-covering bounce after Monday's weak close, traders said. Supportive export news underpinned values as well. As of 10:50 am CST (1650 GMT), March wheat was up 2 cents per bushel at $
Pakistani rice export sales were thin in the past week due to high domestic prices, which will continue to limit sales in the coming weeks, traders said on Tuesday. "Our export price (of IRRI-6 variety of rice) is over $50 higher then the price quoted by
Corn futures at the Chicago Board of Trade were firmer by early Tuesday on a short covering bounce, supported by the strength in the neighbouring soybean pit, traders said. CBOT March corn was 1-1/4 cent higher at $1.99 per bushel by 11 am (1700 GMT). The
Chicago Board of Trade wheat futures closed weak on Monday, backing off early gains after follow-through buying failed to materialise and Kansas City Board of Trade wheat declined, traders said. "There is just nothing to hold this market together. Kansas
Soyabean futures at the Chicago Board of Trade turned up by early Tuesday, led by March and helped by a strong cash market, traders said. The March/May spread was firming as CIF soya values at the US Gulf were strong as nearby supplies were tight. Recent
US interior spot corn and soyabean basis bids were mostly steady to firm early Tuesday on slow US farmer grain sales and good demand, dealers said. "Farmers are waiting for higher prices," one Iowa dealer said. "Their cash flow levels are fine after a pro
COMEX copper futures were down early Tuesday in line with the drop in London where some follow-through selling pressured prices, traders said. Copper added to losses after US economic data painted a mixed picture on the housing and manufacturing sectors.
Thai corn prices held steady on Tuesday but could dip over the next week due to continued slack demand for exports, traders said. Domestic corn, a major ingredient in poultry feed, was steady at 5.50 baht per kg ($143 per tonne) on Tuesday from last week.
US gold futures declined early Tuesday amid light liquidation and end-of-the-month fund rolling due to a firmer dollar, floor dealers said. "The funds have been doing some selling down here today. The funds are long, and the guys who are not getting out o
The January vaida was unchanged while the March vaida was sharply higher on improved demand by the buyers on Tuesday, dealers said. The March vaida commenced with 20 paisa gain at Rs 398.00, dealers said. During the day, it gained rupees 11 to be day's be
The Pakistan Standards and Quality Control Authority (PSQCA), Punjab regional office, has banned the sale of Nestle mineral water with immediate effect, saying the manufacturer has failed to comply with the requirement for such business activity. The PSQC
Tug of war between buyers and sellers started over the prices in the cotton market on Tuesday amid cautious trading due to heavy rains, dealers said. The official spot rates held its previous level at Rs 2075, without upcountry expenses, dealers said. See
Six countries including Turkey, Iran, Azerbaijan, Afghanistan and Tajikistan have confirmed their participation at Third ECO seminar on "Trade and Investment Networking," opens on January 31 here. This was stated at a meeting, which reviewed the arrangeme
Ukraine's ProAgro agriculture consultancy raised the country's grain exports forecast to 8.980 million tonnes in the 2004/05 season from the previous estimate of 8.460 million, analysts said on Tuesday. ProAgro, which put Ukraine's 2004 crop at 36.415 mil
Following the directives of Prime Minister Shaukat Aziz, health ministry has prepared a strategy paper to formulate national policy on Hepatitis. Federal Secretary for Health, Syed Anwer Mehmood said this on Tuesday while talking to journalists here at a
Railway authorities repaired the railway track near Sibi early on Tuesday morning that was damaged due to a bomb blast on Monday night. Railway authorities said the track was repaired by 4 am and no train suffered detention. The blast had occurred at arou