Raw sugar prices finished higher on Friday on mostly switch-related buying by speculators in the market, brokers said. The transfer of massive positions built up by funds that control large pools of money in sugar may remain a feature of business next wee
US gold futures edged up to close at their highest level in eight months on Friday, as the mixture of dollar weakness and crude oil at $67 a barrel drew investors to alternative assets like the precious metals.
The Chicago Board of Trade soyabean market whipsawed on Friday as volatility increased after the USDA released its latest US 2005 crop and stocks estimates, traders said.
Rough rice futures at the Chicago Board of Trade fell about 20 cents per hundredweight on Friday, reacting to USDA bumping up its US 2005 production and stocks forecasts, traders said. The report was negative. Production was increased pretty significantly
Australian wool prices lost 1.5 percent in average values this week weighed by significant falls in the southern market, analysts said on Friday. The AWEX Eastern Market Indicator (EMI) fell 11 cents to finish the week at 706 cents a kg clean, based on de
Cocoa futures at the New York Board of Trade fell on Friday, ending about 1 percent lower as fund and speculative selling nudged prices to contract and one-year continuation lows, traders said. The NYBOT's benchmark December contract fell $14 to settle at
Indian wheat futures rose on Friday on strong buying and sugar prices fell as the market expected more stocks for sale in August, brokers said. Gold futures increased in line with global markets and soyaoil was marginally up but traders expected prices to
US front-month arabica coffee futures finished down 1.7 percent on Friday, with options and currency movement accounting for the bulk of activity ahead of new crop estimates from top producer Brazil, traders said.
Lebanon's budget deficit grew to 27.26 percent of spending in the first half of 2005 as declining tax receipts eroded revenues, the finance ministry said on Saturday.
Russia's finance ministry has submitted the 2006 budget plan to the government with a small spending hike, documents obtained by Reuters showed on Saturday.
Volkswagen Brand Group chief Wolfgang Bernhard has no plans to leave the company and return to rival DaimlerChrysler, Bernhard said in an e-mail to staff at Europe's largest carmaker.
Siemens' chief executive has given bosses of ailing IT unit SBS an ultimatum to come up with reform plans ahead of an August 29 meeting of the German conglomerate's board, a media report said on Saturday.
China plans to build its first offshore wind power plant next year, Xinhua news agency said on Saturday, as the world's seventh-largest economy seeks to end crippling power shortages and choking air pollution.
German tax revenues to July grew faster than forecast in the most recent official estimate in May and point to a gradual revival of domestic demand, Finance Minister Hans Eichel told Reuters.
British Airways resumed more than 80 percent of its scheduled flights from London's Heathrow Airport on Saturday as staff struggled to clear the backlog from a wildcat strike during the peak summer holiday season.
A senior US official said on Saturday he was deeply concerned about the food crisis in Zimbabwe and that government red tape was delaying aid from reaching those in need.
Google Inc, responding to an outcry by publishers, has temporarily scaled back plans to make the full text of copyrighted books in five of the world's great libraries searchable via the Internet.
A Bangladesh inquiry has blamed Canadian firm Niko Resources Ltd for a major gas field and the company will be asked to pay compensation, a government official said on Saturday.
Airbus is considering building a manufacturing plant in China to commemorate the 20th anniversary of its entry into the Chinese market, Xinhua news agency said. Airbus had received orders for 59 aircraft from five Chinese airline companies this year, acco
A Florida man who ran a bulk e-mail company was convicted on Friday of stealing more than 1.5 billion data files from Acxiom Corp in what federal officials said was one of the largest recorded cases of data theft.
UAE-based Thuraya Satellite Telecommunications Co expects its 2005 net profit to rise to over $84 million, a senior executive was quoted as saying on Saturday. The firm also hopes to take delivery of a third satellite from Boeing next year and launch it b
UAE-based Thuraya Satellite Telecommunications Co expects its 2005 net profit to rise to over $84 million, a senior executive was quoted as saying on Saturday. The firm also hopes to take delivery of a third satellite from Boeing next year and launch it b
Delta Air Lines has begun arranging the financing it would need should it seek bankruptcy protection, The New York Times reported on Saturday. Citing "people with direct knowledge of Delta's actions," the Times reported that Wall Street analysts, industry
In modern Indian history, Plassey (1757) started a trend that culminated a hundred years later in the complete supremacy of the British over the entire subcontinent. The battles, among others, of Buxar (1764), Seringapatam (1799), and Miani, Sind (1843),
Never before in the history of Pakistan has religious extremism posed such a grave threat to peace and stability of civil society. Even when Islamabad was doing business with Taleban and some critics warned against the spillover effect, the Afghan policy
Pakistan had been literally a dream until it became a reality on August 14, 1947. Who could predict in 1930 or, in fact, upto the 1937 elections that India would be partitioned and a new sovereign State by the name of Pakistan would emerge?
The nation is today celebrating the 58th anniversary of the coming into being of Pakistan, the dream of Allama Iqbal, the Poet of the East, other Muslim leaders and millions of the Muslims of the subcontinent. It was achieved under the dynamic leadership
When a true genius appears in the world, you may know him by the sign that the dunces are all in a confederacy against him", - Jonathan Swift. Even in the turbulent political era Jinnah having given pledge to don the mantle of a solicitor of Hindu - Musli
People of Pakistan celebrate fifty-eighth Independence Day of Pakistan today reiterating once again their commitment to the well-being of the country in particular and of the people of the world in general. There is a fresh resolve to fight extremism, ter
Even Mohammad Ali Jinnah's detractors and sworn enemies may find a disciplinarian an expression far too harsh to describe his political demeanours. Those who are straining every nerve in a bid to blot his name may not be well acquainted with the meaning o
A turning point in the history of the sub-continent reached when on the 14th August, 1947 the nation led by the great leader Muhammad Ali Jinnah marched to its destiny and won the battle for Pakistan within seven years of the adoption of Lahore resolution
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
The rupee did not go under any major change in its overnight levels against the dollar in the interbank market for buying and selling at 59.66 and59.67, respectively. Balanced demand and supply factor helped the rupee to retain its firmness versus the dol
The rupee did not go under any major change in its overnight levels against the dollar in the interbank market for buying and selling at 59.66 and59.67, respectively. Balanced demand and supply factor helped the rupee to retain its firmness versus the dol
The offices of Business Recorder will remain closed on Sunday, August 14, on account of Independence Day. There will, therefore be no issue of the paper and internet edition on Monday, August 15 2005.
President Pervez Musharraf said here on Saturday that the successful test of cruise missile was a major milestone in Pakistan's quest "for strengthening and consolidating minimum deterrence". He was addressing the 92nd Corps Commander Conference here, whi
President Pervez Musharraf said here on Saturday that the successful test of cruise missile was a major milestone in Pakistan's quest "for strengthening and consolidating minimum deterrence". He was addressing the 92nd Corps Commander Conference here, whi
Pakistan's external debt has increased by $730 million during 2004-05, touching $34.037 billion. According to the State Bank of Pakistan (SBP) data released on Saturday, total external debt on June 30, 2005 was $34.037 billion as against $33.307 billion l
The Trading Corporation of Pakistan (TCP) short-listed six bids on Saturday for a tender to import 50,000 tonnes of white sugar at between $337.45 and $390 per tonne C&F Karachi, an official said.
The Trading Corporation of Pakistan (TCP) short-listed six bids on Saturday for a tender to import 50,000 tonnes of white sugar at between $337.45 and $390 per tonne C&F Karachi, an official said.
The State Bank of Pakistan has allowed the authorised dealers to remit advance payments, up to $10,000. This permission would be against the intended import of spare parts/consumables by the manufacturing and industrial users, for their own use. Letter of
The State Bank of Pakistan has allowed the authorised dealers to remit advance payments, up to $10,000. This permission would be against the intended import of spare parts/consumables by the manufacturing and industrial users, for their own use. Letter of
The State Bank of Pakistan has allowed the authorised dealers to remit advance payments, up to $10,000. This permission would be against the intended import of spare parts/consumables by the manufacturing and industrial users, for their own use. Letter of
A Hong Kong company will set up a fertiliser plant with an investment of 300 million dollars in Pakistan. An agreement was signed between Chairman of China National Chemical Engineering Corporation Jin Kening and Chief Executive of Pakistan's Fatima Group
A Hong Kong company will set up a fertiliser plant with an investment of 300 million dollars in Pakistan. An agreement was signed between Chairman of China National Chemical Engineering Corporation Jin Kening and Chief Executive of Pakistan's Fatima Group
A Hong Kong company will set up a fertiliser plant with an investment of 300 million dollars in Pakistan. An agreement was signed between Chairman of China National Chemical Engineering Corporation Jin Kening and Chief Executive of Pakistan''s Fatima Grou
The next treasury bills auction target may be smaller, but analysts expect an increase of 5 to 10 basis points in yield. The JS PGBI, which is the primary indicator of Pakistan Bond Markets, showed an increase of 0.0295 points over the week, bringing the
Rumours made the shares market investors hostage last week as several punters deliberately infused negative developments creating panic among traders, forcing them to offload their portfolio undergoing a colossal loss of 3.6 percent.
Due to tragic assassination of Sri Lankan Foreign Minister Kadirgamar, Pakistan as Saarc chairman, on Saturday announced the postponement of the 31st Session of the Standing Committee and 26th Session of the Programming Committee. The meetings were schedu
The State Bank of Pakistan (SBP) has issued a show-cause notices to nine B-categories companies for violating the SBP rules and regulations. These companies had violated the rules and regulations 14, 15 and 26 and are listed below:
The State Bank of Pakistan (SBP) has issued a show-cause notices to nine B-categories companies for violating the SBP rules and regulations. These companies had violated the rules and regulations 14, 15 and 26 and are listed below:
The State Bank of Pakistan (SBP) has issued a show-cause notices to nine B-categories companies for violating the SBP rules and regulations. These companies had violated the rules and regulations 14, 15 and 26 and are listed below:
The State Bank of Pakistan (SBP) has allowed mutual funds to invest in overseas markets to the extent of 30 percent of their fund size aimed to diversify their portfolio, and likely increase in dividend income for local shareholders.
The State Bank of Pakistan (SBP) has allowed mutual funds to invest in overseas markets to the extent of 30 percent of their fund size aimed to diversify their portfolio, and likely increase in dividend income for local shareholders.
The State Bank of Pakistan (SBP) has allowed mutual funds to invest in overseas markets to the extent of 30 percent of their fund size aimed to diversify their portfolio, and likely increase in dividend income for local shareholders.
The State Bank of Pakistan (SBP) has allowed mutual funds to invest in overseas markets to the extent of 30 percent of their fund size aimed to diversify their portfolio, and likely increase in dividend income for local shareholders.
The next treasury bills auction target may be smaller, but analysts expect an increase of 5 to 10 basis points in yield. The JS PGBI, which is the primary indicator of Pakistan Bond Markets, showed an increase of 0.0295 points over the week, bringing the