AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)
Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-06-30
Firm trend on grain market

Firm trend on grain market

Steadier trend was seen on the grain market on Wednesday as most of the commodities almost maintained their overnight levels in the process of trading, dealers said. On the cereal side, wheat Mexipak old quoted at Rs 1150 and new type registered at Rs 116
Published 30 Jun, 2005 12:00am
Comex copper ends steady

Comex copper ends steady

US copper futures ended down but off session lows on Tuesday in another consolidating session with spread business the main feature ahead of July's first notice day on Thursday, market sources said. "Even though we closed lower, it was another steady perf
Published 30 Jun, 2005 12:00am
Asian platinum: fund sales cut prices

Asian platinum: fund sales cut prices

Fund selling is likely to push platinum prices down to around $870 an ounce, a level which may spark fresh buying interest from jewellers and auto makers in key consumers China and Japan, dealers said on Wednesday.
Published 30 Jun, 2005 12:00am
Shanghai copper futures slide

Shanghai copper futures slide

China's copper futures finished lower on Wednesday for the second straight day, mirroring falls on the London Metal Exchange, traders said. The most active September contract on the Shanghai Futures Exchange ended at 32,300 yuan ($3,903) per tonne, down 4
Published 30 Jun, 2005 12:00am
Tokyo gold futures slump

Tokyo gold futures slump

Tokyo gold futures fell to near a one-week low on Wednesday as fund operators unwound long positions built up over the past week in reaction to falls in the dollar-denominated spot price. The market was bullish but in a corrective mode ahead of the end of
Published 30 Jun, 2005 12:00am
New York gold ends at two-week low

New York gold ends at two-week low

Gold futures in New York closed at a two-week low on Tuesday on technical selling ahead of the US Federal Reserve interest rate meeting later this week and a half-session on Friday before the US July Fourth holiday.
Published 30 Jun, 2005 12:00am
Gold hits one-week low in Asia ahead of Fed meeting

Gold hits one-week low in Asia ahead of Fed meeting

Gold fell to its lowest level in a week in Asia on Wednesday as funds liquidated their positions ahead of a US Federal Reserve meeting that may result in a further boost to the US dollar. Some dealers said gold seemed to be tracking the dollar again after
Published 30 Jun, 2005 12:00am
Soft wheat

Soft wheat

Syria's state grains agency has rejected all offers and made no sale in a tender to sell and export a total 100,000 tonnes of hard and soft wheat which closed on Tuesday, traders said on Wednesday. The tender comprised 50,000 tonnes of soft milling wheat
Published 30 Jun, 2005 12:00am
Malaysian tin down

Malaysian tin down

Tin saw further correction in Malaysian trade after a flat close in London prompted sellers to pocket profits from sharp gains in Kuala Lumpur in the week. Spot tin on the Kuala Lumpur Tin Market ended down $60 on Wednesday at $7,300 a tonne, on a turnove
Published 30 Jun, 2005 12:00am
Oil pauses above $58 after profit-taking slump

Oil pauses above $58 after profit-taking slump

Oil prices steadied just above $58 a barrel on Wednesday as traders caught their breath from a near 4 percent profit-taking rout and looked ahead to weekly United States data to provide more direction on inventories and demand. Government data due is expe
Published 30 Jun, 2005 12:00am
Manila raises import demand of Vietnam rice

Manila raises import demand of Vietnam rice

Easing rice export prices in Vietnam are expected to further their slide in the next month as harvesting of a key crop in the country's southern rice basket is nearing its peak, traders said on Wednesday. They said even though the Philippines, a key buyer
Published 30 Jun, 2005 12:00am
New York sugar down

New York sugar down

Raw sugar futures finished easier on Tuesday on profit-taking and producer sales as the market took a breather after surging to a 3-1/2 month high yesterday, brokers said. The New York Board of Trade's active October sugar contract fell 0.09 cent to close
Published 30 Jun, 2005 12:00am
Lower prices hit Vietnam pepper exports

Lower prices hit Vietnam pepper exports

Black pepper exports from Vietnam, the world's top producer of the spice, have been falling on thin demand in an oversupplied market, traders and an industry official said on Wednesday. "Pepper sales this year are not similar to last year when demand was
Published 30 Jun, 2005 12:00am
Soya closes down after near 50-cent limit drop

Soya closes down after near 50-cent limit drop

The Chicago Board of Trade soyabean market closed sharply lower on Tuesday after massive technical selling surfaced, with prices blowing through key support levels, traders said. New-crop November soyabeans fell nearly the 50-cent trading limit for the se
Published 30 Jun, 2005 12:00am
Indian wheat futures fall on import talk

Indian wheat futures fall on import talk

Indian sugar futures fell on Wednesday due to lack of demand during the monsoon season and wheat slipped on market talk that the government was likely to open grain imports. Gold was down tracking global prices but soya oil rose marginally because of fres
Published 30 Jun, 2005 12:00am
Australian wool indicator rises

Australian wool indicator rises

The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) rose seven cents to 714 cents a kg clean at its sales on Tuesday. AWEX said its northern indicator (Sydney) rose four cents to 724 c/kg, while its southern indicator (Melbourne) g
Published 30 Jun, 2005 12:00am
CBOT rice hits 3-1/2 month low

CBOT rice hits 3-1/2 month low

The Chicago Board of Trade rough rice market reached a 3-1/2 month low on Tuesday on follow-through technical selling from Monday, traders said. July, September and January made contract lows during the session. The weakness in the other CBOT markets adde
Published 30 Jun, 2005 12:00am
US lawmaker sees WTO 'bait, switch' on cotton

US lawmaker sees WTO 'bait, switch' on cotton

The United States should demand more detail in world trade pacts after being forced to overhaul cotton subsidy rules, the chairman of the House Agriculture Committee said on Tuesday. Discussing a ruling against US supports, Virginia Republican Bob Goodlat
Published 30 Jun, 2005 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian palm oil shadowed the trend in rival US soya oil on Wednesday to clamber back from the previous day's sell-down. Players also bought in on speculation that exports data for June, due from the two cargo surveyors on Thursday, could only be 5 to 7
Published 30 Jun, 2005 12:00am
Singapore shares up

Singapore shares up

Singapore share prices closed 0.21 percent higher on Wednesday, helped by strong overnight gains on Wall Street after oil prices retreated from historic highs above 60 dollars a barrel, dealers said. Investors remained cautious, however, amid expectations
Published 30 Jun, 2005 12:00am
Hong Kong stocks decline

Hong Kong stocks decline

Hong Kong stocks erased morning gains to end lower on Wednesday after investors locked in gains from a recent rally. The blue-chip Hang Seng Index ended down 0.07 percent, or 10.16 points, at 14,277.28 on Wednesday, easing from an intraday high of 14,365.
Published 30 Jun, 2005 12:00am
US stocks rally on oil's drop, confidence data

US stocks rally on oil's drop, confidence data

US stocks rallied on Tuesday as crude oil futures ended down more than $2 a barrel a day after hitting a record high and a gauge of consumer confidence jumped to a three-year high, easing market concerns about profit growth and consumer spending.
Published 30 Jun, 2005 12:00am
Jakarta shares close flat

Jakarta shares close flat

Indonesian share prices closed flat on Wednesday as window-dressing activity in selected blue chips helped offset the impact of a weaker rupiah, dealers said. The Jakarta Stock Exchange composite index closed down 0.960 points at 1,126.857. Volume was 724
Published 30 Jun, 2005 12:00am
US Treasuries dip as confidence, oil energise bears

US Treasuries dip as confidence, oil energise bears

US Treasury debt prices retreated on Tuesday as the market's downward technical momentum was accentuated by a bounce in consumer confidence to three-year highs and a sharp pullback in oil prices. Investors were also reluctant to buy bonds ahead of a two-d
Published 30 Jun, 2005 12:00am
US Treasuries dip as confidence, oil energise bears

US Treasuries dip as confidence, oil energise bears

US Treasury debt prices retreated on Tuesday as the market's downward technical momentum was accentuated by a bounce in consumer confidence to three-year highs and a sharp pullback in oil prices. Investors were also reluctant to buy bonds ahead of a two-d
Published 30 Jun, 2005 12:00am
Malaysian shares sag

Malaysian shares sag

Malaysian share prices closed 0.52 percent lower on Wednesday in quiet trade on continuing concerns record high oil prices will slow growth and spark inflation, dealers said. They said investors also remained cautious amid a continuing investigation by th
Published 30 Jun, 2005 12:00am
Thai shares climb

Thai shares climb

Thai share prices closed 0.13 percent higher on Wednesday, after a second straight day of speculative purchases in response to oil prices falling below 60 dollars a barrel, dealers said. The Stock Exchange of Thailand (SET) composite index rose 0.88 point
Published 30 Jun, 2005 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 0.52 percent lower on Wednesday, extending losses as investors preferred to cash out of the market given persistent political concerns and high crude oil prices, dealers said. They said selective bargain-hunting limited the
Published 30 Jun, 2005 12:00am
Tokyo shares finish at 11-week closing high

Tokyo shares finish at 11-week closing high

Japan's Nikkei average rose on Wednesday to its highest close since mid-April, with exporters up on a fall in the yen while firms that felt the weight of higher oil prices such as Bridgestone Corp gained ground. Oil prices fell nearly 4 percent in New Yor
Published 30 Jun, 2005 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks ended 1.35 percent lower on Wednesday as investors took advantage of early gains inspired by a US rally to cash out of heavyweights that had led the market to a nearly 14-month high, like UMC. The TAIEX share index lost 85.19 points to close
Published 30 Jun, 2005 12:00am
Chinese shares weaken

Chinese shares weaken

Chinese shares dipped 0.3 percent on Wednesday after investors sold blue chips, but Baoshan Iron and Steel Co Ltd rose after unveiling this week an improved plan to sweeten an impending sale of state-owned stock. The benchmark Shanghai composite index end
Published 30 Jun, 2005 12:00am
Top seeds clash in semi-finals

Top seeds clash in semi-finals

Three former winners and the best player still active not to have won the title will contest the Wimbledon women's singles semi-finals on Thursday. Title-holder Maria Sharapova takes on the 2000 and 2001 champion Venus Williams in a Russia-US clash, while
Published 30 Jun, 2005 12:00am
ICC ODI rule change on trial-basis may have contrasting results

ICC ODI rule change on trial-basis may have contrasting results

The International Cricket Council (ICC) announced on June 25 that it would be introducing major rule changes into one-day international (ODI) matches on a 10-month trial-basis starting on July 30. The major alterations, which were approved at a meeting of
Published 30 Jun, 2005 12:00am
Rain forces no-result

Rain forces no-result

Rain meant the Triangular Series day/night one-day international between England and Australia at Edgbaston here on Tuesday ended as a no-result. England, chasing a revised target of 200 in 33 overs after a previous 102-minute break for bad weather, were
Published 30 Jun, 2005 12:00am
Federer and Hewitt to meet in Wimbledon semis showdown

Federer and Hewitt to meet in Wimbledon semis showdown

Roger Federer moved to within two games of a third straight Wimbledon title here on Wednesday when he defused the big guns of Chilean Fernando Gonzalez to win their quarter-final tie 7-5, 6-2, 7-6 (7/2).
Published 30 Jun, 2005 12:00am
Why can't Portugal shape up? It's fear, says author

Why can't Portugal shape up? It's fear, says author

Three decades after soldiers with red carnations in their gunbarrels ousted a dictatorship, Portuguese remain shackled by a fear that stifles their economy, according to a best-selling 'psychoanalysis' of the country. "There is no dictatorship, there's fr
Published 30 Jun, 2005 12:00am
Thousands mob Mumbai beach in 'diamond' rush

Thousands mob Mumbai beach in 'diamond' rush

Thousands of people have been flocking to a beach in India's financial hub in a manic diamond rush, but police said on Wednesday the stones were fakes and warned them to stay away after one treasure hunter was drowned.
Published 30 Jun, 2005 12:00am
Third Taiwan opposition party to visit China

Third Taiwan opposition party to visit China

A small Taiwan party in favour of unification with China plans to visit the mainland in July, becoming the third opposition group to visit the mainland this year, its chairman said on Wednesday. Beijing, which claims the island as its own, has sought to i
Published 30 Jun, 2005 12:00am
Russian court bans maverick radical party

Russian court bans maverick radical party

A Russian court on Wednesday banned a small radical party accused by prosecutors of planning to raise an armed force and invade neighbouring Kazakhstan, Interfax news agency said. Interfax said the Moscow regional court had outlawed the National Bolshevik
Published 30 Jun, 2005 12:00am
Help poor by ending export subsidies: Brown

Help poor by ending export subsidies: Brown

The world's rich countries need to set a date for ending trade-distorting subsidies to their farmers in a concerted effort to help the poor, British finance minister Gordon Brown will say on Wednesday. Britain has declared 2005 a make-or-break year for Af
Published 30 Jun, 2005 12:00am
We're not alone in universe, says Tom Cruise

We're not alone in universe, says Tom Cruise

Hollywood actor Tom Cruise not only battles creatures from outer space in his latest film "War of the Worlds", he also believes aliens exist, he told a German newspaper on Wednesday. Asked in an interview with the tabloid daily Bild if he believed in alie
Published 30 Jun, 2005 12:00am
World Bank urges India to invest more in education

World Bank urges India to invest more in education

India should invest more in education to maintain and deepen its niche in information technology and high-skilled labour, the World Bank said on Tuesday. The South Asian powerhouse is home to one-quarter of the world's 104 million children out of school,
Published 30 Jun, 2005 12:00am
Sacked South Africa deputy president in court for fraud

Sacked South Africa deputy president in court for fraud

South Africa's sacked Deputy President Jacob Zuma appeared in court on corruption charges on Wednesday and was immediately released on 1,000 rand ($150) bail as the case was postponed to October.
Published 30 Jun, 2005 12:00am
Bangladesh interbank forex and interest rates

Bangladesh interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 63.72/63.77 (previous 63.71/63.77). Call Money Rates: 3.5-16.50 percent (previous 3.75-16.50 percent).
Published 30 Jun, 2005 12:00am
Chinese yuan ends weaker

Chinese yuan ends weaker

The yuan on Wednesday ended one notch weaker at 8.2765 per US dollar, still near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan stood at 4,025 points, implying a rate of 7.8755 yuan per
Published 30 Jun, 2005 12:00am
Swiss franc falls ahead of Fed meeting

Swiss franc falls ahead of Fed meeting

The Swiss franc fell against the dollar in early European trade on Wednesday, ahead of a Federal Reserve meeting where market watchers expect US interest rates to be raised for the ninth straight time. Data released on Tuesday showed US consumer confidenc
Published 30 Jun, 2005 12:00am
Dollar hits highest level since mid-October

Dollar hits highest level since mid-October

The dollar rose to its highest level in more than eight months against the yen on Wednesday, keeping its edge ahead of a Federal Reserve meeting that is seen widening the U.S currency's interest rate advantage over its rivals.
Published 30 Jun, 2005 12:00am
Dollar firms broadly as oil prices ease

Dollar firms broadly as oil prices ease

The dollar gained across the board on Tuesday as oil prices retreated, although fears persisted in the market that high crude costs will depress the yen as Japan's economy relies heavily on imported energy.
Published 30 Jun, 2005 12:00am
Sri Lankan rupee falls

Sri Lankan rupee falls

The Sri Lanka rupee closed lower on Wednesday as importers bought dollars to cover trade bill payments, traders said. The rupee ended at 100.10 per dollar, falling from Tuesday's close of 99.82. The rupee firmed sharply last week on news of the deal, whic
Published 30 Jun, 2005 12:00am
Asian currencies weakened by oil, yen and Fed meeting

Asian currencies weakened by oil, yen and Fed meeting

Asian currencies hit multi-month lows on Wednesday led by the Singapore dollar and Korean won, pressured by a falling Japanese yen and expectations the US will raise interest rates this week.
Published 30 Jun, 2005 12:00am
Australian dollar firm

Australian dollar firm

The Australian dollar was trapped in a narrow range on Wednesday as it struggled to find support amid falling commodity prices and a stronger US currency. The AUD was $0.7629/34, off a two-week low of $0.7621 overnight and against $0.7680/84 late here on
Published 30 Jun, 2005 12:00am
Six killed in Afghan violence

Six killed in Afghan violence

Four policemen were killed when suspected Taliban militants detonated a landmine in eastern Afghanistan, while one rebel and a civilian died in a gunfight in the south, officials said Wednesday. The remote-controlled mine exploded on Tuesday in the Sirkan
Published 30 Jun, 2005 12:00am
Reagan named as Greatest American

Reagan named as Greatest American

US television viewers handed Ronald Reagan the title of "Greatest American" ahead of legendary president and national saviour Abraham Lincoln and civil rights trailblazer Martin Luther King Jr. Reagan, who died last year aged 93, headed a list of 25 conte
Published 30 Jun, 2005 12:00am
Rightist Jewish settlers and Palestinians clash in Gaza

Rightist Jewish settlers and Palestinians clash in Gaza

Israeli troops on Wednesday fired in the air to quell clashes between Palestinians and far-right Jews who seized a new outpost in Gaza to obstruct Israel's planned withdrawal from the occupied territory. In Israel, police used water cannon to scatter Jewi
Published 30 Jun, 2005 12:00am
Bomb-proof redesign for 'Freedom Tower'

Bomb-proof redesign for 'Freedom Tower'

New York leaders unveiled Wednesday a revised, truck bomb-resistant design for the "Freedom Tower" - the soaring skyscraper that will form the focal point of the rebuilt World Trade Center site. The modified, slimmer version incorporates a 200-foot (61-me
Published 30 Jun, 2005 12:00am
Illegal drug trade a world force: UN

Illegal drug trade a world force: UN

Annual world-wide illegal drug sales are greater than the gross domestic product of 88 percent of the countries in the world, the UN said on Wednesday. "This is not a small enemy against which we struggle. It is a monster," Antonio Maria Costa, head of th
Published 30 Jun, 2005 12:00am
Unhappy love affair explains Rice stance on Iran: MP

Unhappy love affair explains Rice stance on Iran: MP

Perplexed by the vitriol of US Secretary of State Condoleezza Rice's attacks on Iran, one lawmaker believes he has uncovered the secret of her enmity - that she was spurned by an Iranian boyfriend at college. "The reason that the US secretary of state att
Published 30 Jun, 2005 12:00am
Arroyo's husband to leave Philippines

Arroyo's husband to leave Philippines

Philippine President Gloria Macapagal Arroyo moved dramatically on Wednesday to reduce pressure on her government from graft allegations, saying her scandal-prone husband had agreed to leave the country. She did not say how long her husband Jose Miguel, k
Published 30 Jun, 2005 12:00am
US military can defeat North Korea

US military can defeat North Korea

US and South Korean forces can deter and defeat North Korea even if the reclusive communist state has several nuclear weapons, a senior US military officer said in an interview broadcast on Wednesday. Amid growing signs stalled six-country talks on those
Published 30 Jun, 2005 12:00am
Protesters storm Russian parliament

Protesters storm Russian parliament

Protesters briefly stormed a local parliament building in Russia's North Caucasus on Wednesday, issuing a new challenge to the Kremlin's uncertain grip on the turbulent region, local media reported. About 150 demonstrators complaining of discrimination ag
Published 30 Jun, 2005 12:00am
Russian defence aviation mogul beaten up, robbed

Russian defence aviation mogul beaten up, robbed

Armed men beat up and threatened to kill the head of Russian aerospace giant Sukhoi on Wednesday after breaking into his house and stripping it of money and jewellery, police said. The four unidentified men broke into Mikhail Pogosyan's villa in a heavily
Published 30 Jun, 2005 12:00am
Fatwa bans firing in air

Fatwa bans firing in air

Lebanon's top Shia Muslim cleric issued a Fatwa on Wednesday banning shooting in the air after three people were killed by gunfire celebrating the re-election of the Shia parliament speaker. Shooting in the air and setting off fireworks among people or on
Published 30 Jun, 2005 12:00am
Bush issues WMD order on North Korea, Iran and Syria

Bush issues WMD order on North Korea, Iran and Syria

US President George W. Bush gave US authorities new powers on Wednesday to block assets of companies believed to be helping North Korea, Iran and Syria pursue nuclear, biological and chemical weapons. The executive order did not mention specific countries
Published 30 Jun, 2005 12:00am
Shares, lower oil buoy corporate bonds

Shares, lower oil buoy corporate bonds

European corporate bond spreads tightened on Wednesday, with little specific news to spark moves in individual borrowers but firmer equities and sliding oil prices forming a positive backdrop for credit.
Published 30 Jun, 2005 12:00am
Shares, lower oil buoy corporate bonds

Shares, lower oil buoy corporate bonds

European corporate bond spreads tightened on Wednesday, with little specific news to spark moves in individual borrowers but firmer equities and sliding oil prices forming a positive backdrop for credit.
Published 30 Jun, 2005 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks were nearly unchanged on Wednesday as investors waited for the Federal Reserve to shed further light on the state of the economy following an upward revision to US gross domestic product and encouraging data on oil supplies.
Published 30 Jun, 2005 12:00am
Indian shares surge

Indian shares surge

Indian shares resumed their rally on Wednesday, encouraged by firm global markets and a strong US dollar which investors expect will boost revenues for export-reliant software services firms. The 30-share Mumbai Stock Exchange index resumed its climb afte
Published 30 Jun, 2005 12:00am
Seoul shares rise

Seoul shares rise

South Korean shares rose on Wednesday, led by exporters such as flat panel maker LG.Philips LCD, after oil prices fell sharply from record levels and a gauge of U.S consumer confidence jumped to a three-year high. Caution ahead of the Federal Reserve's tw
Published 30 Jun, 2005 12:00am
UK's top share index closes higher

UK's top share index closes higher

UK stocks closed higher on Wednesday, bolstered by strong telecoms stocks and by a 5.6 percent surge for ITV after a big cut in the amount the broadcaster has to pay for its television licence. "This should help mitigate recent pressure on earnings from t
Published 30 Jun, 2005 12:00am
Indian rupee slips against dollar

Indian rupee slips against dollar

The rupee fell for a second day on Wednesday, as the dollar rose overseas and banks stepped up purchases of the US currency to gain arbitrage from a costlier dollar in the offshore non-deliverable forwards (NDF) market.
Published 30 Jun, 2005 12:00am
Sterling weaker against dollar, euro

Sterling weaker against dollar, euro

Sterling tested an eight-month low against the dollar and dropped versus the euro on Wednesday after UK data showed retail sales fell at their fastest pace in at least 22 years, boosting expectations of a rate cut.
Published 30 Jun, 2005 12:00am
Dollar rises against Swiss franc

Dollar rises against Swiss franc

The dollar hit a 10-month high against the Swiss franc and also rose to its highest level since October versus the yen on Wednesday as this week's expected US interest rate hike bolstered the greenback's yield appeal.
Published 30 Jun, 2005 12:00am
Four EU nations accept intervention white sugar

Four EU nations accept intervention white sugar

Intervention agencies in Poland and Hungary each accepted 17,000 tonnes of white sugar into storage, while Slovenia accepted 10,000 and Italy 21,301 tonnes, European Commission figures showed on Wednesday.
Published 30 Jun, 2005 12:00am
Senate panel okays CAFTA despite sugar concerns

Senate panel okays CAFTA despite sugar concerns

The Senate Finance Committee overcame sugar industry concerns about a free trade agreement with Central America on Wednesday and voted to approve the pact after the Bush administration pledged to support more funding to promote workers' rights in the regi
Published 30 Jun, 2005 12:00am
Oil extends slide below $58 as US stockpiles rise

Oil extends slide below $58 as US stockpiles rise

Oil prices fell nearly a dollar on Wednesday to below $58 a barrel, extending a 6 percent slide since Monday after government data showed an unexpected increase in US inventories. US crude futures settled down 94 cents to $57.26 a barrel, after plunging $
Published 30 Jun, 2005 12:00am
Oil extends slide below $58 as US stockpiles rise

Oil extends slide below $58 as US stockpiles rise

Oil prices fell nearly a dollar on Wednesday to below $58 a barrel, extending a 6 percent slide since Monday after government data showed an unexpected increase in US inventories. US crude futures settled down 94 cents to $57.26 a barrel, after plunging $
Published 30 Jun, 2005 12:00am
EU farm chief rejects UK stance on farm spending

EU farm chief rejects UK stance on farm spending

Europe's farm chief rejected on Wednesday Britain's argument for a fundamental shakeup of farm spending, saying a 2002 deal fixing the agriculture budget until 2013 had to be respected. "We must respect the Brussels agreement of 2002, which set the ceilin
Published 30 Jun, 2005 12:00am
New York cotton

New York cotton

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

Published 30 Jun, 2005 12:00am
New York cotton

New York cotton

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

Published 30 Jun, 2005 12:00am
New York cotton settles firmer

New York cotton settles firmer

Cotton futures settled firmer on Wednesday on a late flurry of speculative fund buying into buy-stop orders in modest volume, traders said. "It was pretty slow today with estimated volume at around 8,000 lots. Basically, half of the volume came in the las
Published 30 Jun, 2005 12:00am
London spot sugar lower

London spot sugar lower

London August white sugar futures closed lower on a speculative sell-off on Wednesday in a correction from Tuesday's surge to a seven-year front-month continuation high, traders said. Liffe August settled down $3.30 at $277.00 a tonne in volume of 6,004 l
Published 30 Jun, 2005 12:00am
Copper erases losses at LME

Copper erases losses at LME

Copper prices motored higher during Wednesday afternoon trading on the London Metal Exchange (LME), recovering from deep early losses to end higher. "It has managed to come right back - there was a bit of a bear-trap for the shorts 'early-doors'. Also, I
Published 30 Jun, 2005 12:00am
European gold turns higher

European gold turns higher

Gold picked up steam in Europe on Wednesday, although trade was sporadic with a fair amount of book-squaring as several investors kept a low profile ahead of US Federal Reserve interest-rate meetings, dealers said. Spot gold rose to $436.95/437.70 by 1453
Published 30 Jun, 2005 12:00am
US MIDDAY: coffee sags

US MIDDAY: coffee sags

US arabica coffee futures settled down in a quiet session Wednesday after bearish speculators took advantage of a lack of roaster buying, traders said. The New York Board of Trade's most-active September contract dipped 1.05 cents to settle at $1.0645 a l
Published 30 Jun, 2005 12:00am
US MIDDAY: cocoa extends losses

US MIDDAY: cocoa extends losses

US cocoa futures prices slumped to a fresh two-week low on Wednesday, extending the previous session's losses amid continued dollar strength and light speculative selling, traders said. The New York Board of Trade's most-active September cocoa contract lo
Published 30 Jun, 2005 12:00am
US MIDDAY: sugar higher

US MIDDAY: sugar higher

Raw sugar futures ended firmer Wednesday after some independent brokers discarded earlier short positions while investment funds supported one distant delivery contract, traders said. New York Board of Trade active October sugar settled up 0.04 cent at 9.
Published 30 Jun, 2005 12:00am
US MIDDAY: wheat firmer

US MIDDAY: wheat firmer

Wheat futures on the Chicago Board of Trade were higher early on Wednesday on a rebound from declines over the previous two days, traders said. As of 10:40 am CDT (1540 GMT), CBOT July wheat was up 2-1/4 cents at $3.30 per bushel, with deferred months up
Published 30 Jun, 2005 12:00am
US MIDDAY: corn turns lower

US MIDDAY: corn turns lower

Chicago Board of Trade corn futures were lower around midday Wednesday, with traders evening positions before the government's acreage and stocks reports on Thursday. "With the uncertainty in the weather and all the numbers coming out, there's a little lo
Published 30 Jun, 2005 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

US copper futures fell to a one-month low in thin dealings early Wednesday before climbing back to session highs as New York followed a weaker London market, with spread business the feature a day before July's first notice, traders said. "It's more roll-
Published 30 Jun, 2005 12:00am
US MIDDAY: soya recovers

US MIDDAY: soya recovers

Soyabean futures at the Chicago Board of Trade rebounded early on Wednesday after this week's fund-led sell-off, when prices dropped about 80 cents in the past two days, traders said. The dive in prices was ignited by forecasts for improved crop weather f
Published 30 Jun, 2005 12:00am
US MIDDAY: gold limps lower

US MIDDAY: gold limps lower

US gold futures slipped but held above new two-week lows early Wednesday as traders quietly pared holdings amid a firmer dollar before a US interest rate decision on Thursday, dealers said. By 10:06 am EDT, benchmark August delivery gold on the New York M
Published 30 Jun, 2005 12:00am
Inculcating an environmental consciousness at EBM

Inculcating an environmental consciousness at EBM

The new age corporation has devised a model of operations whereby it aims to maximize its productivity while nurturing a socially conscious environment within and outside it.
Published 30 Jun, 2005 12:00am
Previous Day