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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-02-20
Aussies strangle Kiwis to clinch one-day opener

Aussies strangle Kiwis to clinch one-day opener

Australia beat New Zealand by 10 runs with eight balls to spare in their one-day cricket international here on Saturday with New Zealand losing their last three wickets for two runs when in sight of victory. Australia made 236 for six in their 50 overs an
Published 20 Feb, 2005 12:00am
Bonds replace equities as riskier investment

Bonds replace equities as riskier investment

Bonds, not stocks, are displaying the kind of buying more typically associated with a raging bull market, making fixed income a source of investment risk rather than a hedge against economic disappointment, strategists say. Stock investors are theoretical
Published 20 Feb, 2005 12:00am
Bonds replace equities as riskier investment

Bonds replace equities as riskier investment

Bonds, not stocks, are displaying the kind of buying more typically associated with a raging bull market, making fixed income a source of investment risk rather than a hedge against economic disappointment, strategists say. Stock investors are theoretical
Published 20 Feb, 2005 12:00am
PPI spike may shift terms in Fed rate debate

PPI spike may shift terms in Fed rate debate

Friday's surprising wholesale inflation data restarted a debate on whether the Federal Reserve will make larger rate increases at some point in 2005 after almost a year of "measured" moves, economists said. Rate futures fully price 25-basis point hikes in
Published 20 Feb, 2005 12:00am
US equities finish higher; drug sector leads

US equities finish higher; drug sector leads

US blue-chip stocks finished higher on Friday, lifted by sharp rises in drug makers Merck & Co Inc and Pfizer Inc following favourable rulings on their pain-killing products, although worries about higher inflation and lofty oil prices limited the market'
Published 20 Feb, 2005 12:00am
Tokyo shares seen on slight uptrend

Tokyo shares seen on slight uptrend

Japanese share prices are seen rising slowly to test the upside in the coming week as investors have recoverd from the shock of recession data, equity analysts said Friday. The week will probably make a slow start due to a lack of leads from Wall Street,
Published 20 Feb, 2005 12:00am
Toronto stocks led by oils and Masonite bid

Toronto stocks led by oils and Masonite bid

Toronto stocks finished higher on Friday as rising oil prices lifted energy shares and a boosted take-over offer for Masonite International helped push up industrial issues. The Toronto Stock Exchange's S&P/TSX composite index added 39.49 points, or 0.41
Published 20 Feb, 2005 12:00am
Mexican stocks end flat

Mexican stocks end flat

Mexican stocks finished flat on Friday as investors took profits in companies like cell phone operator America Movil and home construction company Homex but bid up shares of airport holding company Cintra. The benchmark IPC stock index finished down a sca
Published 20 Feb, 2005 12:00am
Chile stocks climb

Chile stocks climb

Chile stocks crawled to a historic high on Friday on slim volume due to summer holidays, aided by gains in market heavyweight Copec, which got government permission to reopen a major wood-pulp plant this week after it was closed for environmental infracti
Published 20 Feb, 2005 12:00am
UK stocks week ahead: more earnings reports from heavy hitters in sight

UK stocks week ahead: more earnings reports from heavy hitters in sight

Britain's FTSE 100 has yet more earnings news from heavy hitters next week, including Royal Bank of Scotland, and investors say buoyant results will keep the market's rally going. Bid talk and strong company results sent the index to a 33-month high at 5,
Published 20 Feb, 2005 12:00am
Canadian bonds sag on price data

Canadian bonds sag on price data

The Canadian bond prices were pulled lower on Friday, along with their US counterparts, as a surprisingly sharp increase in US core producer prices for January raised fears of aggressive US interest rate hikes. Also keeping prices pinned lower was Canadia
Published 20 Feb, 2005 12:00am
Canadian bonds sag on price data

Canadian bonds sag on price data

The Canadian bond prices were pulled lower on Friday, along with their US counterparts, as a surprisingly sharp increase in US core producer prices for January raised fears of aggressive US interest rate hikes. Also keeping prices pinned lower was Canadia
Published 20 Feb, 2005 12:00am
Emerging debt market takes lighter hit than Treasuries

Emerging debt market takes lighter hit than Treasuries

An unexpected spike in US producer prices sank emerging market bond prices on Friday, but spreads were tighter as optimism over Latin American economic growth insulated sovereigns from heavier US Treasury losses. Core US producer inflation posted the bigg
Published 20 Feb, 2005 12:00am
Emerging debt market takes lighter hit than Treasuries

Emerging debt market takes lighter hit than Treasuries

An unexpected spike in US producer prices sank emerging market bond prices on Friday, but spreads were tighter as optimism over Latin American economic growth insulated sovereigns from heavier US Treasury losses. Core US producer inflation posted the bigg
Published 20 Feb, 2005 12:00am
Argentine stocks jump on debt optimism

Argentine stocks jump on debt optimism

Argentine stocks jumped once again to a record high on Friday, as investors poured money into shares on expectations of a healthy signup rate for the government's $102.6 billion debt swap ending February 25, traders said. Trade volume was a nine-year high
Published 20 Feb, 2005 12:00am
US Treasuries sink as inflation rise befuddles bulls

US Treasuries sink as inflation rise befuddles bulls

US Treasury debt retreated on Friday after core producer inflation posted its biggest gain in six years, suggesting the Federal Reserve might be more aggressive in raising interest rates. For a bond market that had grown accustomed to subdued price increa
Published 20 Feb, 2005 12:00am
US Treasuries sink as inflation rise befuddles bulls

US Treasuries sink as inflation rise befuddles bulls

US Treasury debt retreated on Friday after core producer inflation posted its biggest gain in six years, suggesting the Federal Reserve might be more aggressive in raising interest rates. For a bond market that had grown accustomed to subdued price increa
Published 20 Feb, 2005 12:00am
Brazilian markets fall on US data; Telemar tumbles

Brazilian markets fall on US data; Telemar tumbles

Brazilian stocks fell on Friday as a jump in US wholesale prices data raised concerns the Federal Reserve may adopt a more aggressive monetary policy, which in turn could reduce foreign capital flows into emerging economies like Brazil. The Sao Paulo Stoc
Published 20 Feb, 2005 12:00am
US corporate bonds spreads tighter

US corporate bonds spreads tighter

Spreads on US corporate bonds edged tighter on Friday, with bonds of May Department Stores seeing some of the strongest gains on reports that merger talks with Federated Department Stores had resumed. Spreads across the broad corporate bond market tighten
Published 20 Feb, 2005 12:00am
US corporate bonds spreads tighter

US corporate bonds spreads tighter

Spreads on US corporate bonds edged tighter on Friday, with bonds of May Department Stores seeing some of the strongest gains on reports that merger talks with Federated Department Stores had resumed. Spreads across the broad corporate bond market tighten
Published 20 Feb, 2005 12:00am
US hedge funds to soon get first taste of new rule

US hedge funds to soon get first taste of new rule

Hedge funds, nervously awaiting next year's industry regulations, will get a taste of the rule next month when they must prove their clients really are rich if they want to earn a fee for managing other people's money. The loosely regulated $1 trillion he
Published 20 Feb, 2005 12:00am
US hedge funds to soon get first taste of new rule

US hedge funds to soon get first taste of new rule

Hedge funds, nervously awaiting next year's industry regulations, will get a taste of the rule next month when they must prove their clients really are rich if they want to earn a fee for managing other people's money. The loosely regulated $1 trillion he
Published 20 Feb, 2005 12:00am
Dow climb puts 11,000 in traders' sights

Dow climb puts 11,000 in traders' sights

Modest but steady gains from US stocks in the past few weeks have sparked trader talk that the blue-chip Dow could soon breach 11,000, a level not seen in more than 3-1/2 years. The Dow Jones industrial average is fractionally higher for the year to date,
Published 20 Feb, 2005 12:00am
Investors move cash from US to international funds

Investors move cash from US to international funds

Investors continued to shift money away from US stock funds and into international and emerging market funds in the week through February 16, according to fund flow research firm Emerging Portfolio Fund Research (EPFR). Emerging market equity funds tracke
Published 20 Feb, 2005 12:00am
Investors move cash from US to international funds

Investors move cash from US to international funds

Investors continued to shift money away from US stock funds and into international and emerging market funds in the week through February 16, according to fund flow research firm Emerging Portfolio Fund Research (EPFR). Emerging market equity funds tracke
Published 20 Feb, 2005 12:00am
Amex unit accused of defrauding investors

Amex unit accused of defrauding investors

New Hampshire securities regulators have accused the personal finance advisory unit of American Express Co of defrauding investors by giving incentives to its advisers to push select mutual funds over other funds with better performance. New Hampshire's S
Published 20 Feb, 2005 12:00am
Amex unit accused of defrauding investors

Amex unit accused of defrauding investors

New Hampshire securities regulators have accused the personal finance advisory unit of American Express Co of defrauding investors by giving incentives to its advisers to push select mutual funds over other funds with better performance. New Hampshire's S
Published 20 Feb, 2005 12:00am
Mobile phone virus found in US

Mobile phone virus found in US

The world's first mobile phone virus "in the wild" has spread to the United States from its birthplace in the Philippines eight months ago, a security research firm said on Friday. The virus, called Cabir, has spread slowly into 12 countries and marks the
Published 20 Feb, 2005 12:00am
Insurers raise premiums for drug firms

Insurers raise premiums for drug firms

Insurers are raising premiums for pharmaceutical companies and becoming more cautious about who they insure following recent drug recalls, Germany's Der Spiegel magazine reported on Saturday. Market leader Munich Re is increasing premiums drastically and
Published 20 Feb, 2005 12:00am
Airbus A380 has stress test problems

Airbus A380 has stress test problems

Engineers at European planemaker Airbus are battling problems in stress tests for the new A380 superjumbo, Germany's Der Spiegel magazine reported on Saturday. There were "unexpected and significant difficulties" with the rear end of the plane when tests
Published 20 Feb, 2005 12:00am
Malaysia plans to issue Asian bonds

Malaysia plans to issue Asian bonds

Malaysia plans to issue bonds under the Asian Bond Market Initiative and has asked local investment banks to propose the structure of the bonds, The Edge business weekly said in its latest issue. Quoting unnamed industry sources, the magazine said the man
Published 20 Feb, 2005 12:00am
Malaysia plans to issue Asian bonds

Malaysia plans to issue Asian bonds

Malaysia plans to issue bonds under the Asian Bond Market Initiative and has asked local investment banks to propose the structure of the bonds, The Edge business weekly said in its latest issue. Quoting unnamed industry sources, the magazine said the man
Published 20 Feb, 2005 12:00am
Pre-emption risks worry Asia power asset buyers

Pre-emption risks worry Asia power asset buyers

Forget regulatory, currency and fuel risks. Pre-emption rights are the main worry for bankers eyeing multi-billion dollar power asset sales by Royal Dutch/Shell and El Paso. The energy firms want to sell their stakes in 18 power stations. Given the improv
Published 20 Feb, 2005 12:00am
Pre-emption risks worry Asia power asset buyers

Pre-emption risks worry Asia power asset buyers

Forget regulatory, currency and fuel risks. Pre-emption rights are the main worry for bankers eyeing multi-billion dollar power asset sales by Royal Dutch/Shell and El Paso. The energy firms want to sell their stakes in 18 power stations. Given the improv
Published 20 Feb, 2005 12:00am
India seeks stakes in Russian oilfields

India seeks stakes in Russian oilfields

India is stepping up efforts to buy stakes in Russian oilfields and is poised to invest in oil and gas projects in Kazakhstan as a part of its strategy to secure energy supplies for its booming economy, officials said. Oil Minister Mani Shankar Aiyar visi
Published 20 Feb, 2005 12:00am
Malaysia may allow more sectors hire foreign workers

Malaysia may allow more sectors hire foreign workers

Malaysia said on Saturday it might allow more business sectors to hire foreign workers to help ease a labour shortage and boost the country's trade-dependent economy. Currently, foreign labour is restricted to sectors such as palm oil plantations, constru
Published 20 Feb, 2005 12:00am
Exxon posts conflicting reserves estimates

Exxon posts conflicting reserves estimates

Exxon Mobil Corp, the world's largest oil company, on Friday reported conflicting views on whether its world-wide proved oil and gas reserves rose or fell in 2004. Based on standards that the company has been using for years to calculate its reserves, Exx
Published 20 Feb, 2005 12:00am
Indonesian president wants faster recovery process

Indonesian president wants faster recovery process

Indonesian President Susilo Bambang Yudhoyono was moved to tears by refugees' pleas for help in tsunami-devastated Aceh on Saturday, asking them for patience and saying he wanted officials to speed up recovery. The Indian Ocean tsunami triggered by a Dece
Published 20 Feb, 2005 12:00am
US Airways reaches $125 million deal for restructuring

US Airways reaches $125 million deal for restructuring

US Airways Group Inc late Friday said it had reached a $125 million deal with an investor group to fund its restructuring under bankruptcy protection. The company said it reached the agreement with Eastshore Aviation, an investment entity owned by Air Wis
Published 20 Feb, 2005 12:00am
Oil prices rise; copper, zinc and coffee at multi-year highs

Oil prices rise; copper, zinc and coffee at multi-year highs

World oil prices rose this week as OPEC's forecast of increased global demand for 2005 overshadowed a sharp rise in US crude inventories. Copper reached its highest level for 16 years and coffee the highest point for four years in New York. Zinc prices, m
Published 20 Feb, 2005 12:00am
New York sugar down on switches and trade sales

New York sugar down on switches and trade sales

Raw sugar futures finished softer on Friday on sales from trade accounts and switch trade as investors moved their positions out of the spot month ahead of a holiday weekend, analysts said. The raw sugar market will be closed on Monday for the US Presiden
Published 20 Feb, 2005 12:00am
Soyabean rally triggers heavy US cash movement

Soyabean rally triggers heavy US cash movement

This week's run-up in Chicago Board of Trade soyabean futures prompted farmers in the US Midwest to unload stored soybeans, with heavy volume reported on Friday, grain merchandisers said. CBOT March soybeans hit a high of $5.61 per bushel on Friday, up 26
Published 20 Feb, 2005 12:00am
New York gold lower; silver reaches two-month peak

New York gold lower; silver reaches two-month peak

US gold futures ended lower but held near a three-week high on Friday while silver hit a two-month peak, supported by strong base metals and a flat dollar in thin, pre-holiday trade. New York metals closed early at about noon and they are to remain shut o
Published 20 Feb, 2005 12:00am
Philippines postpones sugar tender

Philippines postpones sugar tender

Philippine millers have delayed a planned tender to sell 12,000 tonnes of raw sugar to Monday to give more time to buyers, a senior industry executive said on Friday. The government previously said local millers were set to sell up to 15,000 tonnes on Fri
Published 20 Feb, 2005 12:00am
Indian wheat and rice crops seen higher: USDA attache

Indian wheat and rice crops seen higher: USDA attache

The US Agriculture Department's attache in New Delhi released the following report, dated February 18, on India grain and feed outlook. India's MY 2005/06 wheat and rice production are both forecast higher, assuming normal weather conditions. Despite high
Published 20 Feb, 2005 12:00am
Chinese corn exports pick up

Chinese corn exports pick up

Chinese corn exports are picking up as lower prices and higher freight rates restore a competitive edge in the Asian market against its rivals from Argentina or the United States. Traders said on Friday China might be able to ship 300,000-400,000 tonnes e
Published 20 Feb, 2005 12:00am
Shanghai copper rises sharply

Shanghai copper rises sharply

Chinese copper futures rose sharply and closed just shy of their upper trading limits on Friday, as traders locked in profits in both Shanghai and London Metal Exchange trade. Rising physical stock levels also curbed gains in Shanghai. Spot prices underpe
Published 20 Feb, 2005 12:00am
New York copper mixed

New York copper mixed

US copper futures ended mixed on Friday in a shortened pre-holiday session that saw a decline in volatility following Thursday's frenzied late rally. Benchmark March copper at the COMEX division of the New York Mercantile Exchange was down 0.15 cent at $1
Published 20 Feb, 2005 12:00am
Sri Lankan rubber ends flat

Sri Lankan rubber ends flat

Prices were flat at Sri Lanka's rubber auction this week and brokers expect little change in coming weeks despite expectations of a fall in output with the start of the rainy season in March, brokers and dealerssaid on Friday. "In March we are heading for
Published 20 Feb, 2005 12:00am
Thousands rally across British countryside as riders try foxless hunt

Thousands rally across British countryside as riders try foxless hunt

About half a million hunters and supporters rallied across England and Wales Saturday in a massive display of force against a new fox hunting ban, vowing to reverse the controversial law. From the southernmost county of Cornwall to the northern tip of Nor
Published 20 Feb, 2005 12:00am
Nato announces disarmament for Ukraine

Nato announces disarmament for Ukraine

The North Atlantic Treaty Organisation said Saturday it would help finance a 25-million euro (32.7-million dollar) programme in Ukraine to eliminate more than 1.5 million Soviet-era light arms along with 133,000 tons of munitions. It described the 12-year
Published 20 Feb, 2005 12:00am
Jordan returns envoy to Israel

Jordan returns envoy to Israel

Jordan is sending an ambassador to Israel on Sunday after a four-year hiatus to give a new impetus to the Middle East peace process and bolster renewed ties between Israel and the Palestinians. Jordan and Egypt - the only two countries to have peace treat
Published 20 Feb, 2005 12:00am
Broadband proliferation

Broadband proliferation

In a few years, if the hottest political slogan in Pakistan is "Roti, Kapra Aur Broadband", then you will know whom to trace it back to; the Ministry of Information Technology's broadband policy for Pakistan and the Pakistan Telecommunication Company Limi
Published 20 Feb, 2005 12:00am
Clinton and Bush father close to tears in tsunami aid tour

Clinton and Bush father close to tears in tsunami aid tour

Former US Presidents Bill Clinton and George Bush came close to tears on their tour of tsunami-wrecked Asian coasts on Saturday after meeting Thai children who lost their parents in the disaster. "It's very moving," Bush said after a little girl whose mot
Published 20 Feb, 2005 12:00am
ABC includes paid interviews in Jackson special

ABC includes paid interviews in Jackson special

ABC News on Friday defended its decision to include paid interviews from a British TV documentary mixed with its own original reporting in a prime-time special about Michael Jackson and his relationships with young boys. In an unusual disclaimer run twice
Published 20 Feb, 2005 12:00am
'Government to complete tenure'

'Government to complete tenure'

Sindh Assembly Deputy Speaker Raheela Tiwana has said there will be no impact of the recent meeting between Benazir Bhutto and Nawaz Sharif on the country's political scene, as people have already rejected the policies of the opposition parties. Talking t
Published 20 Feb, 2005 12:00am
The Weather

The Weather

The weather report on Saturday (February 18) and the forecast for Sunday (February 19, 2005).
Published 20 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Saturday (February 19, 2005).

Published 20 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Saturday (February 19, 2005).

Published 20 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Saturday (February 19, 2005).

Published 20 Feb, 2005 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (February 14 to 18, 2005).

Published 20 Feb, 2005 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (February 19, 2005).

Published 20 Feb, 2005 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on February 12, 2005.

Published 20 Feb, 2005 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on February 12, 2005.

Published 20 Feb, 2005 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 19, 2005).

Published 20 Feb, 2005 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (February 19, 2005).

Published 20 Feb, 2005 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (February 19, 2005).

Published 20 Feb, 2005 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) weekly Market Review on Saturday (February 19, 2005).

Published 20 Feb, 2005 12:00am
450 lights to be installed on Faisalabad-Samundri road

450 lights to be installed on Faisalabad-Samundri road

Tehsil Municipal Administration (City) Nazim Mumtaz Ali Cheema has said 450 lights will be installed on the Faisalabad-Samundri Road with the financial assistance of a local industrialist. The project is estimated to be completed at a cost of Rs 30 millio
Published 20 Feb, 2005 12:00am
Arbab damaging PML in Sindh, says Imtiaz

Arbab damaging PML in Sindh, says Imtiaz

Sindh Chief Minister (CM) Arbab Rahim has damaged the reputation of Pakistan Muslim League (PML) Sindh, and should provide evidence of corruption if there is any, dismissed provincial minister Imtiaz Sheikh said. Talking to NNI on telephone on Saturday, h
Published 20 Feb, 2005 12:00am
Indian Communist Party leaders due on February 24

Indian Communist Party leaders due on February 24

The General Secretary of the Communist Party of India (Marxist), Harkishan Singh Surjeet and General Secretary of the Communist Party of India, A. B. Bardhan along with other central committee members namely Nareesh Nadeem, Moorli Dharan and Shamim Faizi
Published 20 Feb, 2005 12:00am
Over 3,500 stranded on Indian occupied Kashmir highway due to snow

Over 3,500 stranded on Indian occupied Kashmir highway due to snow

Thousands of people were stranded on a key highway in Indian occupied Kashmir on Saturday after the heaviest snowfall in 15 years blocked roads, uprooted trees and snapped power and phone lines, authorities said. All flights connecting occupied Srinagar w
Published 20 Feb, 2005 12:00am
Indian police arrest Kashmiri freedom fighter

Indian police arrest Kashmiri freedom fighter

Indian police arrested a member of Indian Kashmir's main freedom fighter alliance for allegedly carrying fake currency soon after he left Pakistan's diplomatic mission in New Delhi, media reports said. The arrest of the Sheikh Abdul Aziz came days after t
Published 20 Feb, 2005 12:00am
Delhi-Lahore bus frequency may be increased

Delhi-Lahore bus frequency may be increased

In an effort to meet the expected rush of cricket fans from Pakistan for the upcoming cricket series here, Delhi Government is ready to increase the frequency of Delhi-Lahore bus service from two to four times a week. "We have put in place arrangements fo
Published 20 Feb, 2005 12:00am
Labour Party urged to help resolve Kashmir issue

Labour Party urged to help resolve Kashmir issue

Opposition leader in Azad Jammu and Kashmir Legislative Assembly Barrister Sultan Mehmood has urged the ruling Labour Party to play a proactive role in finding just solution of the Kashmir dispute in line with wishes of the Kashmiri people. He was speakin
Published 20 Feb, 2005 12:00am
Egypt to buy wheat for March

Egypt to buy wheat for March

Egypt's main government wheat buyer said on Friday it was seeking 30,000 tonnes to 60,000 tonnes of wheat for March 20-31 shipment. GASC was seeking offers from the United States, France, U.K., Canada, Australia, Argentina, Russia and Syria. It was the fi
Published 20 Feb, 2005 12:00am
Federer dumps Davydenko while Ancic sees off Henman

Federer dumps Davydenko while Ancic sees off Henman

World number one Roger Federer put down a Russian rebellion in the shape of journeyman Nikolay Davydenko here on Friday as a 7-5, 7-5 victory gave him a semi-final place in the Rotterdam Open. But there was more misery for third seeded Briton Tim Henman w
Published 20 Feb, 2005 12:00am
Roddick subdues Ginepri in quarter-finals

Roddick subdues Ginepri in quarter-finals

Top seed Andy Roddick needed two tiebreakers to edge a battling Robby Ginepri and reach the semi-finals of the ATP Tour tennis tournament here on Friday. Ginepri never dropped his serve but still succumbed to Roddick 7-6 (9/7), 7-6 (7/2), in an all-Americ
Published 20 Feb, 2005 12:00am
Venus ends Clijsters comeback

Venus ends Clijsters comeback

Belgium's Kim Clijsters's return from a long injury lay-off came to a shuddering halt at the hands of Venus Williams here on Friday when the American won their Antwerp quarter-final clash 6-2, 6-3. Clijsters, the former world number one whose ranking has
Published 20 Feb, 2005 12:00am
Pakistan Cricket Board name 16-man squad for Indian tour

Pakistan Cricket Board name 16-man squad for Indian tour

On the recommendation of the selection committee, Pakistan Cricket Board (PCB) has announced a 16-member squad for the forthcoming Indian tour. Inzamamul Haq has been retained as captain, while Younas Khan will be vice-captain. The other members of the te
Published 20 Feb, 2005 12:00am
Allenby shoots 67 at rain-plagued Los Angeles PGA

Allenby shoots 67 at rain-plagued Los Angeles PGA

Robert Allenby put his experience playing in poor conditions to good use, firing a 67 to move into contention at the Los Angeles PGA event before play was suspended for the second straight day. The 33-year-old Australian is at six-under after 36 holes and
Published 20 Feb, 2005 12:00am
Asian freight rates may stay higher on new crop demand

Asian freight rates may stay higher on new crop demand

Shipping rates in Asia could nudge up this week as the market is anticipating steady demand for vessels to transport new South American crops from March or April, brokers said on Tuesday. Chinese demand for commodities is also expected to be firm as marke
Published 20 Feb, 2005 12:00am
CBOT wheat futures firm after hefty gains in soya

CBOT wheat futures firm after hefty gains in soya

Wheat futures at the Chicago Board of Trade closed mixed but mostly firm on Friday following hefty gains in soya, traders said. Traders said spillover buying by speculators was buoying wheat futures. "All eyes are on beans; where beans go we go," a trader
Published 20 Feb, 2005 12:00am
Brazilian soyabean crop trimmed by drought

Brazilian soyabean crop trimmed by drought

Drought in Brazil's southern soyabean belt shaved 2.4 million tonnes off the forecast for the 2004/05 (Oct/Sept) crop due to drought in the south, private analysts Safras e Mercado said on Friday. The new crop is still seen at a record 61.16 million tonne
Published 20 Feb, 2005 12:00am
US food exports to Russia grow rapidly: USDA

US food exports to Russia grow rapidly: USDA

The US Agriculture Department's attache in Moscow released the following report, dated February 14, on Russian food imports Attache reports are not official USDA data. Report Highlights: Exports of US agricultural products to Russia are growing due to the
Published 20 Feb, 2005 12:00am
Thai rice futures slip, volume up

Thai rice futures slip, volume up

Most Thai rice futures dipped on Friday as players sold nearby contracts to avoid risk while some speculators took short-sale positions on distant contacts, brokers said. Overall volume rose as 110 contracts of 5 percent white rice were traded compared to
Published 20 Feb, 2005 12:00am
Hong Kong sea container traffic up

Hong Kong sea container traffic up

Sea container traffic through Hong Kong, the busiest container port, rose 7.8 percent in January from a year earlier, and throughput at its main facilities in Kwai Chung surged about 16.7 percent after price cuts. Hong Kong moved a total of 1.86 million 2
Published 20 Feb, 2005 12:00am
Shenzhen January container port traffic up

Shenzhen January container port traffic up

Sea container traffic through China's southern boom town of Shenzhen rose 41 percent in January from the same month last year, thanks to pre-Chinese New Year trade, the Shenzhen Port Authority said on Thursday. The New Year holidays fell in February this
Published 20 Feb, 2005 12:00am
Brazilian sugar vessels line-up rises

Brazilian sugar vessels line-up rises

The line-up of vessels waiting to load sugar in Brazil's ports climbed to 41 from 38 last week, shipping agent Williams said on Thursday. In a weekly report, it said that 23 vessels lined up in the southern port of Santos, against 22 last week. At Maceio,
Published 20 Feb, 2005 12:00am
Speedy road repairs planned for Kashmir bus service

Speedy road repairs planned for Kashmir bus service

Authorities in Azad Jammu and Kashmir have been told to speed up repairs on a road for bus service linking the two parts of the disputed region, officials said. The service, to start from April 7, is the first tangible fruit of 13 months of dialogue betwe
Published 20 Feb, 2005 12:00am
Sindh governor and chief minister conduct aerial survey of Karachi

Sindh governor and chief minister conduct aerial survey of Karachi

Sindh Governor Dr Ishratul Ibad Khan along with Sindh Chief Minister Dr Arbab Ghulam Rahim on Saturday conducted aerial survey of Karachi to inspect security measures taken by police and other security agencies during Muharram-ul-Haram. Later, brie
Published 20 Feb, 2005 12:00am
KWI proposes World Commission on Kashmir

KWI proposes World Commission on Kashmir

Mir Muhammad Siddique Khawaja, Chairman Britain-based International Human Rights organisation Kashmir Watch International (KWI) has welcoming restarting of Srinagar-Muzaffarabad bus service proposed to set up a world commission on Kashmir issue under the
Published 20 Feb, 2005 12:00am
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