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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-07-22
New York coffee recovers

New York coffee recovers

The US arabica coffee futures staged a modest recovery on Wednesday, settling on positive ground after sliding some 11 percent the past three trading sessions. The New York Board of Trade's front-month September contract rose 1.90 cents, or about 2 percen
Published 22 Jul, 2005 12:00am
Stock market needs Rs 30 billion to improve liquidity

Stock market needs Rs 30 billion to improve liquidity

Lack of appropriate system to change the traditional badla to margin financing dried up the volumes, forcing the market to trade in a narrow band, resulting in serious drain market liquidity. According to a report presented to Shaukat Tarin-led Committee
Published 22 Jul, 2005 12:00am
US weather 'less favourable' to spread soyarust

US weather 'less favourable' to spread soyarust

Hotter temperatures and fewer clouds in the US Southeast and Mississippi River region will "bring less favourable" conditions for soyabean rust to spread during the next three days, the US Agriculture Department (USDA) said on Wednesday. Mississippi, Alab
Published 22 Jul, 2005 12:00am
Stock market needs Rs 30 billion to improve liquidity

Stock market needs Rs 30 billion to improve liquidity

Lack of appropriate system to change the traditional badla to margin financing dried up the volumes, forcing the market to trade in a narrow band, resulting in serious drain market liquidity. According to a report presented to Shaukat Tarin-led Committee
Published 22 Jul, 2005 12:00am
New York cocoa extends losses, firm dollar weighs

New York cocoa extends losses, firm dollar weighs

US cocoa futures ended down on Wednesday for the second day running, with speculative selling in the face of a rising dollar wiping out market gains seen at the start of the week, market sources said. The New York Board of Trade's benchmark September cont
Published 22 Jul, 2005 12:00am
Stock market needs Rs 30 billion to improve liquidity

Stock market needs Rs 30 billion to improve liquidity

Lack of appropriate system to change the traditional badla to margin financing dried up the volumes, forcing the market to trade in a narrow band, resulting in serious drain market liquidity. According to a report presented to Shaukat Tarin-led Committee
Published 22 Jul, 2005 12:00am
Shanghai copper rises with LME

Shanghai copper rises with LME

Shanghai copper futures rose marginally on Thursday as London copper prices climbed, but investors' enthusiasm was dampened by high prices and sluggish domestic demand. Front-month futures prices in Shanghai came within 5 percent of their early May peak,
Published 22 Jul, 2005 12:00am
ISE: bears stage comeback

ISE: bears stage comeback

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs amid decrease in index. ISE Network Index showed a decrease of 17.06 points as the price-based indicator moved from 11,598.23 to 11,581.1
Published 22 Jul, 2005 12:00am
Comex copper sets new record

Comex copper sets new record

New York copper futures closed below their new historic highs on Wednesday, but still up on the day as supply worries continue to dog producers at a time when demand is seen to be on the rise, traders said.
Published 22 Jul, 2005 12:00am
ISE: bears stage comeback

ISE: bears stage comeback

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs amid decrease in index. ISE Network Index showed a decrease of 17.06 points as the price-based indicator moved from 11,598.23 to 11,581.1
Published 22 Jul, 2005 12:00am
New York gold up on short-covering

New York gold up on short-covering

US gold futures closed at a one-week high on Wednesday on trade and speculative buying, as the dollar fell against the euro, despite a pledge by Federal Reserve chief Alan Greenspan of further US interest rate hikes, dealers said. August delivery gold ros
Published 22 Jul, 2005 12:00am
Lahore stocks range-bound

Lahore stocks range-bound

Share prices failed to maintain the overnight buoyancy as most of the key players once adopted a cautious approach, awaiting the outcome of ongoing meetings between government-high-ups and the brokers to settle badla and margin financing issues.
Published 22 Jul, 2005 12:00am
Gold touches three-week high in Tokyo on firm New York

Gold touches three-week high in Tokyo on firm New York

Tokyo gold futures touched a three-week high on Thursday, tracking firm New York gold futures, while traders kept a close eye on currency markets for a clue to direction. Other precious metals on the Tokyo Commodity Exchange were also lifted higher by fir
Published 22 Jul, 2005 12:00am
Lahore stocks range-bound

Lahore stocks range-bound

Share prices failed to maintain the overnight buoyancy as most of the key players once adopted a cautious approach, awaiting the outcome of ongoing meetings between government-high-ups and the brokers to settle badla and margin financing issues.
Published 22 Jul, 2005 12:00am
Gold hits one-week high in Asia as dollar weakens

Gold hits one-week high in Asia as dollar weakens

Gold hit its highest level in a week in Asia on Thursday as the dollar weakened against the euro after US Federal Reserve Chairman Alan Greenspan offered no surprises in his testimony before the Congress. By 0204 GMT, spot gold was at $423.35/423.85 an ou
Published 22 Jul, 2005 12:00am
Share market moves in narrow band

Share market moves in narrow band

The share market moved in a narrow band as the tally between losers and gainers was quite minimal where trading volumes improved as some of the investors took fresh positions in companies offering good dividends. The KSE-100 Index moved down to 7,410.91 a
Published 22 Jul, 2005 12:00am
Malaysian tin pauses after slight LME rise

Malaysian tin pauses after slight LME rise

Tin ended flat in Malaysian trade on Thursday as buyers remained supportive but refrained from taking major positions after a slight rise in the London price of the metal. Spot tin on the Kuala Lumpur Tin Market closed at $7,150 a tonne, unchanged from We
Published 22 Jul, 2005 12:00am
Share market moves in narrow band

Share market moves in narrow band

The share market moved in a narrow band as the tally between losers and gainers was quite minimal where trading volumes improved as some of the investors took fresh positions in companies offering good dividends. The KSE-100 Index moved down to 7,410.91 a
Published 22 Jul, 2005 12:00am
Oil falls on steady US stockpiles despite storms

Oil falls on steady US stockpiles despite storms

Oil prices fell below $58 a barrel on Thursday, as US inventories held steady against the impact of hurricanes, with crude stocks showing a smaller-than-expected drop and distillates rising strongly. The new frontmonth September contract for US crude futu
Published 22 Jul, 2005 12:00am
Share market moves in narrow band

Share market moves in narrow band

The share market moved in a narrow band as the tally between losers and gainers was quite minimal where trading volumes improved as some of the investors took fresh positions in companies offering good dividends. The KSE-100 Index moved down to 7,410.91 a
Published 22 Jul, 2005 12:00am
Indian wheat futures fall

Indian wheat futures fall

Indian wheat futures fell for the third straight day on sluggish demand, while gold firmed tracking higher international prices on Thursday, brokers said. Soyaoil rose but sugar was mixed, with an easing bias. August wheat contract at the National Commodi
Published 22 Jul, 2005 12:00am
Trade policy widely hailed

Trade policy widely hailed

Business and Industrial community has welcomed the trade policy saying that 17 billion dollars export target is quite achievable. They said that it is just a rise of 18 percent as compared to last year export target of 13.7 billion dollars.
Published 22 Jul, 2005 12:00am
Tokyo rubber rebounds, strong bids seen on dips

Tokyo rubber rebounds, strong bids seen on dips

Tokyo rubber futures bounced back from early lows on Thursday as substantial bargain-hunting emerged on dips on views that fundamentals remained bullish amid a supply shortage from top producer Thailand.
Published 22 Jul, 2005 12:00am
Trade policy widely hailed

Trade policy widely hailed

Business and Industrial community has welcomed the trade policy saying that 17 billion dollars export target is quite achievable. They said that it is just a rise of 18 percent as compared to last year export target of 13.7 billion dollars.
Published 22 Jul, 2005 12:00am
Key facts in rising rubber trade

Key facts in rising rubber trade

Rubber prices are touching multi-year highs on concerns about supply. A drought in south-east Asia as well as the insurgency in the important rubber growing areas of southern Thailand are causing shortages of natural rubber. Meanwhile, synthetic rubber is
Published 22 Jul, 2005 12:00am
Trade policy widely hailed

Trade policy widely hailed

Business and Industrial community has welcomed the trade policy saying that 17 billion dollars export target is quite achievable. They said that it is just a rise of 18 percent as compared to last year export target of 13.7 billion dollars.
Published 22 Jul, 2005 12:00am
New York sugar futures modestly lower, consolidation seen

New York sugar futures modestly lower, consolidation seen

Raw sugar futures closed softer on Wednesday on speculative sales, but market operators said they feel the sweetener should consolidate in the coming sessions, especially given its bullish outlook. The New York Board of Trade's October sugar contract lost
Published 22 Jul, 2005 12:00am
SBP sees domestic prices under pressure till December

SBP sees domestic prices under pressure till December

The State Bank of Pakistan expects domestic prices to remain under pressure from July to December 2005. It would, therefore, maintain a tightened monetary policy stance until inflationary pressure eases off, says a monetary policy statement issued by the
Published 22 Jul, 2005 12:00am
Soya futures firm on hot weather forecast

Soya futures firm on hot weather forecast

Soyabean futures at the Chicago Board of Trade ended higher on Wednesday on a late recovery tied to a forecast for hotter rather than cooler weather next week in the Midwest, traders said. Commercial buying of 700 to 800 August by Bunge also aided the adv
Published 22 Jul, 2005 12:00am
SBP sees domestic prices under pressure till December

SBP sees domestic prices under pressure till December

The State Bank of Pakistan expects domestic prices to remain under pressure from July to December 2005. It would, therefore, maintain a tightened monetary policy stance until inflationary pressure eases off, says a monetary policy statement issued by the
Published 22 Jul, 2005 12:00am
CBOT rice weaker

CBOT rice weaker

Rice futures on the Chicago Board of Trade settled lower on Wednesday on light speculative and hedge-related selling, traders said. But late short-covering by locals and others lifted values off their lows toward the close. The spot July rice contract exp
Published 22 Jul, 2005 12:00am
SBP sees domestic prices under pressure till December

SBP sees domestic prices under pressure till December

The State Bank of Pakistan expects domestic prices to remain under pressure from July to December 2005. It would, therefore, maintain a tightened monetary policy stance until inflationary pressure eases off, says a monetary policy statement issued by the
Published 22 Jul, 2005 12:00am
Sugar prices to rise further

Sugar prices to rise further

Sugar prices are expected to rise further in 2005/06 due to strong demand and increasing ethanol use amid high oil prices, Barclays Capital said in a research report for the third quarter 2005. "We hold a bullish view on sugar and expect prices to rise hi
Published 22 Jul, 2005 12:00am
Malaysian palm oil down in sympathy with CBOT

Malaysian palm oil down in sympathy with CBOT

Malaysian crude palm oil futures remained weak on Thursday with buyers sidelined by a fresh retreat in US soyaoil and disappointing palm oil export data released a day earlier. But the market looked well supported at above 1,400 ringgit a tonne despite ta
Published 22 Jul, 2005 12:00am
Iraq to sell up to five new wireless licences

Iraq to sell up to five new wireless licences

Iraq hopes to hold international tenders for two to five national mobile phone licences by the end of this year to replace the country's three expiring licences, the head of Iraq's communications watchdog told a London news conference on Thursday. Siyamen
Published 22 Jul, 2005 12:00am
Cuba to produce one million TVs using Chinese technology

Cuba to produce one million TVs using Chinese technology

Cuba's Electronics Group and China's Haier Group will begin manufacturing one million television sets on the island at the end of this year, designed for use in educational programs, private homes and for export, Cuba's official news agency said Thursday.
Published 22 Jul, 2005 12:00am
Delta loss narrows

Delta loss narrows

Delta Air Lines posted a narrower second-quarter loss on Thursday but shares in the No 3 US carrier plunged on revived speculation that it could file for bankruptcy. The airline, widely seen as the weakest US carrier, also said it had decided to defer del
Published 22 Jul, 2005 12:00am
Jewellery sector declared industry

Jewellery sector declared industry

The government has declared gems and jewellery sector as an industry which would make easy access to credit and advantage in utility rates and taxes. Announcing the Trade Policy 2005-06 here, on Thursday, Commerce Minister Humayun Akhtar said that a packa
Published 22 Jul, 2005 12:00am
Delta loss narrows

Delta loss narrows

Delta Air Lines posted a narrower second-quarter loss on Thursday but shares in the No 3 US carrier plunged on revived speculation that it could file for bankruptcy. The airline, widely seen as the weakest US carrier, also said it had decided to defer del
Published 22 Jul, 2005 12:00am
Jewellery sector declared industry

Jewellery sector declared industry

The government has declared gems and jewellery sector as an industry which would make easy access to credit and advantage in utility rates and taxes. Announcing the Trade Policy 2005-06 here, on Thursday, Commerce Minister Humayun Akhtar said that a packa
Published 22 Jul, 2005 12:00am
Dow Jones to end international tie with CNBC

Dow Jones to end international tie with CNBC

Dow Jones & Co Inc said on Thursday it has agreed to end its international partnership with CNBC but will keep its existing US agreement with the CNBC business television channel. Dow Jones said it had entered into a definitive agreement with NBC Universa
Published 22 Jul, 2005 12:00am
Jewellery sector declared industry

Jewellery sector declared industry

The government has declared gems and jewellery sector as an industry which would make easy access to credit and advantage in utility rates and taxes. Announcing the Trade Policy 2005-06 here, on Thursday, Commerce Minister Humayun Akhtar said that a packa
Published 22 Jul, 2005 12:00am
United Parcel Service net income rises

United Parcel Service net income rises

United Parcel Service Inc, the world's largest package delivery company, on Thursday reported sharply higher quarterly net income, driven by higher volumes of US and international package shipments.
Published 22 Jul, 2005 12:00am
Bomb blast accused arrested

Bomb blast accused arrested

The city police have arrested one, Imran alias Bobi, allegedly involved in bomb explosion in Kashmirian mosque on October 10, 2004, in which four persons were killed.
Published 22 Jul, 2005 12:00am
United Parcel Service net income rises

United Parcel Service net income rises

United Parcel Service Inc, the world's largest package delivery company, on Thursday reported sharply higher quarterly net income, driven by higher volumes of US and international package shipments.
Published 22 Jul, 2005 12:00am
Lawyer moves LHC against crackdown on Madrassahs

Lawyer moves LHC against crackdown on Madrassahs

A member of the Lahore High Court Bar Association has approached the Lahore High Court on Thursday against crackdown on Madrassahs and mosques, and prayed to the court to direct the respondent high authorities to take action against responsible police off
Published 22 Jul, 2005 12:00am
France hoists flag over Danone to repel foreigners

France hoists flag over Danone to repel foreigners

France hoisted the flag high over dairy group Danone on Thursday to repel foreigners amid intense speculation that US giant PepsiCo was preparing a hostile take-over bid. President Jacques Chirac, weighed in, warning that he and the government were "parti
Published 22 Jul, 2005 12:00am
SNGPL privatisation process reviewed

SNGPL privatisation process reviewed

A kick off meeting for privatisation of Sui Northern Gas Company Limited (SNGPL) was held at company''s head office here on Thursday, which was attended by the representatives of the Privatisation Commission (PC) and the Ministry of Petroleum and Natural
Published 22 Jul, 2005 12:00am
Zimbabwe airline suspends flights

Zimbabwe airline suspends flights

Zimbabwe's national airline has been forced to suspend some domestic and international flights as a fuel crisis bites, state media reported on Thursday. The southern African nation is grappling with its worst fuel crisis in years with petrol stations rema
Published 22 Jul, 2005 12:00am
SNGPL privatisation process reviewed

SNGPL privatisation process reviewed

A kick off meeting for privatisation of Sui Northern Gas Company Limited (SNGPL) was held at company's head office here on Thursday, which was attended by the representatives of the Privatisation Commission (PC) and the Ministry of Petroleum and Natural R
Published 22 Jul, 2005 12:00am
Raising GSE capital would ease risk, says Greenspan

Raising GSE capital would ease risk, says Greenspan

Federal Reserve Chairman Alan Greenspan on Thursday said much of the risk posed by Fannie Mae and Freddie Mac would be eased if the mortgage finance giants were required to hold as much capital as commercial banks. "Unquestionably if their risk-based capi
Published 22 Jul, 2005 12:00am
SNGPL privatisation process reviewed

SNGPL privatisation process reviewed

A kick off meeting for privatisation of Sui Northern Gas Company Limited (SNGPL) was held at company's head office here on Thursday, which was attended by the representatives of the Privatisation Commission (PC) and the Ministry of Petroleum and Natural R
Published 22 Jul, 2005 12:00am
Enron defendants not guilty on several charges

Enron defendants not guilty on several charges

A jury found three former executives of Enron Corp's broadband Internet unit not guilty on several charges on Wednesday, and a US federal judge declared a mistrial on other counts against them and two other defendants.
Published 22 Jul, 2005 12:00am
Russia makes first payment in Gazprom/Rosneft deal

Russia makes first payment in Gazprom/Rosneft deal

The state has made the first payment in its $7.15 billion purchase of a 10.7 percent stake in gas monopoly Gazprom, totalling 16.24 billion roubles ($567.8 million), Interfax news agency said on Thursday. The Russian government secured control of Gazprom
Published 22 Jul, 2005 12:00am
Brazil June jobless rate falls to three-year low

Brazil June jobless rate falls to three-year low

Brazil's unemployment rate fell to the lowest level in three years in June, declining to 9.4 percent from 10.2 percent in May, official data showed on Thursday. The jobless rate has fallen during the last two months despite recent interest rate rises desi
Published 22 Jul, 2005 12:00am
20 feared dead in road mishap

20 feared dead in road mishap

At least 20 people were feared dead and 27 injured, one of them critically, when a passenger coach fell into ravine at Lahore-Islamabad Motorway, police officials said on Thursday. The coach was on its way to Lahore from Murree when on a sharp steep turn
Published 22 Jul, 2005 12:00am
IMF urges China to use scope of new flexibility

IMF urges China to use scope of new flexibility

China should allow the yuan to move as much as it can within its new currency regime, the International Monetary Fund urged on Thursday. "We would encourage the authorities to utilise fully the scope for flexibility in the new exchange rate arrangement,"
Published 22 Jul, 2005 12:00am
20 feared dead in road mishap

20 feared dead in road mishap

At least 20 people were feared dead and 27 injured, one of them critically, when a passenger coach fell into ravine at Lahore-Islamabad Motorway, police officials said on Thursday. The coach was on its way to Lahore from Murree when on a sharp steep turn
Published 22 Jul, 2005 12:00am
US blocks Saddam family assets

US blocks Saddam family assets

The United States froze the assets of six nephews of former Iraqi leader Saddam Hussein on Thursday, accusing them of funding Iraqi insurgents. "This action targets the money flows of former regime elements actively supporting attacks against coalition fo
Published 22 Jul, 2005 12:00am
Two killed in grenade attack on mosque

Two killed in grenade attack on mosque

Two members of Tableeghi Jamaat were killed and four others wounded on Thursday in a hand grenade attack against a mosque in a tribal district bordering Afghanistan, officials said. Unknown attackers threw the grenade into a mosque in the Khabianga villag
Published 22 Jul, 2005 12:00am
WTO chief presses alarm button over trade talks

WTO chief presses alarm button over trade talks

World Trade Organisation chief Supachai Panitchpakdi said on Thursday the time had come to press the alarm button over the lack of progress in the WTO's free trade talks. "I have said before that my finger was hovering over the alarm button. Now I have pr
Published 22 Jul, 2005 12:00am
Two killed in grenade attack on mosque

Two killed in grenade attack on mosque

Two members of Tableeghi Jamaat were killed and four others wounded on Thursday in a hand grenade attack against a mosque in a tribal district bordering Afghanistan, officials said. Unknown attackers threw the grenade into a mosque in the Khabianga villag
Published 22 Jul, 2005 12:00am
Japanese trade surplus narrows

Japanese trade surplus narrows

Japanese trade surplus shrank in June from a year earlier for the third straight month, but the fall was smaller than expected and exports topped forecasts, easing worries over a slowdown in one of the economy's main driving forces. The surplus fell 23.5
Published 22 Jul, 2005 12:00am
Coke profit rises

Coke profit rises

Coca-Cola Co on Thursday reported a 9-percent jump in quarterly net income, easily beating Wall Street forecasts due to strong soft drink sales in China and Mexico and continued growth in North America, its largest market. The world's largest soft drink m
Published 22 Jul, 2005 12:00am
Coke profit rises

Coke profit rises

Coca-Cola Co on Thursday reported a 9-percent jump in quarterly net income, easily beating Wall Street forecasts due to strong soft drink sales in China and Mexico and continued growth in North America, its largest market. The world's largest soft drink m
Published 22 Jul, 2005 12:00am
US jobless claims plunge, leading index rises

US jobless claims plunge, leading index rises

The number of Americans filing new claims for jobless benefits posted the largest drop since 2002 last week, while a separate report on the US economy hinted growth would remain robust in the months ahead. The decline in unemployment benefit applicants di
Published 22 Jul, 2005 12:00am
Sony unveils range of development tools for PS3

Sony unveils range of development tools for PS3

Electronics and entertainment conglomerate Sony Corp on Thursday unveiled a range of development tools so software companies can develop games for its next-generation PlayStation 3 video game console. The company said it acquired Britain's SN Systems Ltd
Published 22 Jul, 2005 12:00am
Europe spending gloom feeds recovery doubts

Europe spending gloom feeds recovery doubts

Fresh readouts on European consumer morale and spending on Thursday dented hopes of an economic recovery after a poor start to 2005, but British shoppers bucked the trend. French national statistics office INSEE said that household spending rose 0.5 perce
Published 22 Jul, 2005 12:00am
US House panel cancels China's Unocal bid hearing

US House panel cancels China's Unocal bid hearing

The US House Energy and Commerce Committee said on Thursday it had canceled a Friday hearing on an $18.5 billion offer by China's CNOOC Ltd to buy US oil and gas producer Unocal Corp. In a brief statement, the committee said the hearing had been canceled
Published 22 Jul, 2005 12:00am
Nokia shocks with third quarter outlook, stock plunges

Nokia shocks with third quarter outlook, stock plunges

The world's top mobile phone maker Nokia shocked investors with a weak third-quarter profit forecast on Thursday after fierce price competition hit its second quarter, sending its shares spiralling. The Finnish firm also disappointed the market with secon
Published 22 Jul, 2005 12:00am
Nokia shocks with third quarter outlook, stock plunges

Nokia shocks with third quarter outlook, stock plunges

The world's top mobile phone maker Nokia shocked investors with a weak third-quarter profit forecast on Thursday after fierce price competition hit its second quarter, sending its shares spiralling. The Finnish firm also disappointed the market with secon
Published 22 Jul, 2005 12:00am
McDonald's quarterly earnings up 8 percent

McDonald's quarterly earnings up 8 percent

McDonald's Corp, the No 1 hamburger chain, on Thursday said quarterly earnings before a one-time tax charge rose 8 percent as its booming US business offset weaker results in Europe, China and Japan. Second-quarter net income, however, dropped 10 percent
Published 22 Jul, 2005 12:00am
McDonald's quarterly earnings up 8 percent

McDonald's quarterly earnings up 8 percent

McDonald's Corp, the No 1 hamburger chain, on Thursday said quarterly earnings before a one-time tax charge rose 8 percent as its booming US business offset weaker results in Europe, China and Japan. Second-quarter net income, however, dropped 10 percent
Published 22 Jul, 2005 12:00am
Ericsson strong in second quarter

Ericsson strong in second quarter

Telecoms equipment giant Ericsson reported upbeat second quarter earnings and sales growth that outdid rivals Lucent, Motorola and Alcatel and raised its forecast for the mobile phone networks market. Sales gained from the early booking of 2 billion crown
Published 22 Jul, 2005 12:00am
Ericsson strong in second quarter

Ericsson strong in second quarter

Telecoms equipment giant Ericsson reported upbeat second quarter earnings and sales growth that outdid rivals Lucent, Motorola and Alcatel and raised its forecast for the mobile phone networks market. Sales gained from the early booking of 2 billion crown
Published 22 Jul, 2005 12:00am
China revalues yuan, pleases Washington

China revalues yuan, pleases Washington

China finally bowed to two years of political and market pressure on Thursday by revaluing the yuan by 2.1 percent and leaving the door open to further rises by abandoning the currency's decade-old peg against the dollar.
Published 22 Jul, 2005 12:00am
Malaysian shares close lower on profit-taking

Malaysian shares close lower on profit-taking

Malaysian share prices closed 0.22 percent lower on Thursday on profit-taking and concerns over rising inflation after rallying to a six-month high on Wednesday, dealers said. Official data released Wednesday showed that the consumer price index rose 3.2
Published 22 Jul, 2005 12:00am
Hong Kong slightly firmer

Hong Kong slightly firmer

Hong Kong blue-chip stocks rose a mild 0.1 percent on Thursday but China enterprise stocks such as oil producer PetroChina surged as investors eyed lagging valuations amid fresh signs of strong Chinese economic growth. PetroChina Co Ltd, the nation's larg
Published 22 Jul, 2005 12:00am
US stocks up on Greenspan's view, cheaper oil

US stocks up on Greenspan's view, cheaper oil

US stocks gained on Wednesday, with the S&P and Nasdaq reaching four-year highs late in the day, after Federal Reserve Chairman Alan Greenspan made optimistic remarks about the US economy and oil slipped below $57 a barrel. After the closing bell, shares
Published 22 Jul, 2005 12:00am
Taiwan stocks plunge

Taiwan stocks plunge

Taiwan stocks fell 0.46 percent on Thursday, coming off a 14-month closing high, as early gains for tech firms like Quanta on the back of a US advance and lower oil prices were given back. The TAIEX share index ended down 0.46 percent, or 29.78 points, at
Published 22 Jul, 2005 12:00am
US Treasuries mixed, inured to Greenspan rate chatter

US Treasuries mixed, inured to Greenspan rate chatter

Longer-dated US Treasury debt ground higher on Wednesday as investors appeared unimpressed by Federal Reserve Chairman Alan Greenspan's warning that interest rates should continue to rise. After an initial jolt lower on Greenspan's upbeat assessment of ec
Published 22 Jul, 2005 12:00am
US Treasuries mixed, inured to Greenspan rate chatter

US Treasuries mixed, inured to Greenspan rate chatter

Longer-dated US Treasury debt ground higher on Wednesday as investors appeared unimpressed by Federal Reserve Chairman Alan Greenspan's warning that interest rates should continue to rise. After an initial jolt lower on Greenspan's upbeat assessment of ec
Published 22 Jul, 2005 12:00am
Jakarta shares rise

Jakarta shares rise

Indonesian share prices closed 1.48 percent higher on Thursday as gains in market mover Telkom and general optimism over strong first-half corporate results drove the composite index to a new all-time high, dealers said. The Jakarta Stock Exchange composi
Published 22 Jul, 2005 12:00am
Thai share prices sag

Thai share prices sag

Thai share prices closed 0.17 percent lower on Thursday amid a lack of factors required to stimulate the market ahead of a long weekend, dealers said. The Stock Exchange of Thailand (SET) composite index shed 1.12 points to 648.92 and the bluechip SET 50
Published 22 Jul, 2005 12:00am
Singapore shares end flat

Singapore shares end flat

Singapore shares closed little changed on Thursday with gains limited by profit-taking in bank and property stocks which had rallied after the government announced a relaxation of financing rules for buying homes, dealers said.
Published 22 Jul, 2005 12:00am
Nikkei drops, but supported by earnings hopes

Nikkei drops, but supported by earnings hopes

Japan's Nikkei average fell 0.02 percent on Thursday as investors turned cautious and sold recent gainers such as steel makers, but market sentiment remained firm with auto stocks ending higher after a brokerage upgrade. Yahoo Japan Corp and other stocks
Published 22 Jul, 2005 12:00am
Philippines shares up

Philippines shares up

Philippines share prices closed 0.83 percent higher on Thursday, extending gains as investors continued to take positions ahead of the release of first half corporate results, dealers said. The continued easing of political tensions helped underpin the ge
Published 22 Jul, 2005 12:00am
Chinese shares dip

Chinese shares dip

China's shares inched down 0.04 percent on Thursday as investors trimmed holdings in big caps such as China United Telecommunications Corp Ltd amid persistent fears over Beijing's state-share reform. The benchmark Shanghai composite index closed at 1,020.
Published 22 Jul, 2005 12:00am
Hong Kong dollar slides in late trade

Hong Kong dollar slides in late trade

The Hong Kong dollar fell late on Thursday as some investors switched back to US dollars in the absence of fresh factors to push the local unit higher. However, speculation that China could soon revalue the yuan and expectations of higher interest rates a
Published 22 Jul, 2005 12:00am
Chinese yuan ends weaker

Chinese yuan ends weaker

The yuan on Thursday ended one notch weaker at 8.2765 per US dollar, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan edged higher to 4,800 points, implying a rate of 7.798 yuan per d
Published 22 Jul, 2005 12:00am
Swiss franc up as dollar pauses after Greenspan

Swiss franc up as dollar pauses after Greenspan

The Swiss franc firmed against the US dollar in early trade on Thursday after the US Federal Reserve reiterated the US economic outlook was healthy but gave no clear hint by how much the Fed would raise interest rates. The dollar had been rising prior to
Published 22 Jul, 2005 12:00am
Dollar slips as traders tepid on Greenspan

Dollar slips as traders tepid on Greenspan

The dollar fell on Thursday after Federal Reserve Chairman Alan Greenspan reiterated that the US economic outlook was healthy but gave no clear idea how high the Fed would raise interest rates. The currency initially hit multi-month highs after Greenspan
Published 22 Jul, 2005 12:00am
Dollar pares gains; investors digest Greenspan speech

Dollar pares gains; investors digest Greenspan speech

The dollar surrendered early gains on Wednesday, after testimony from Federal Reserve Chairman Alan Greenspan failed to sustain its advance through key levels, prompting some investors to take back their bets. The euro traded up 0.9 percent at $1.2139 whi
Published 22 Jul, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 64.05/64.67 (previous 64.05/64.62). Call Money Rates: 4.0-17.5 percent (previous 4.0-15.5 percent).
Published 22 Jul, 2005 12:00am
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