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Print - 2005-09-18
President's remarks evoke civil societies outrage

President's remarks evoke civil societies outrage

The Civil Society's Alliance for Protection of Human Rights is outraged at the statement reportedly made by the President of Pakistan, General Pervez Musharaf in an interview with a correspondent of the Washington Post in New York on September 14, 2005 in
Published 18 Sep, 2005 12:00am
Duty relief on 7 types of seeds import

Duty relief on 7 types of seeds import

The Central Board of Revenue (CBR) has given exemption of customs duty on import of seven types of seeds to facilitate the importers as well as farmers. The CBR on Saturday amended SRO 567(I)2005 of June 6, 2005 through another SRO to implement the decisi
Published 18 Sep, 2005 12:00am
Duty relief on 7 types of seeds import

Duty relief on 7 types of seeds import

The Central Board of Revenue (CBR) has given exemption of customs duty on import of seven types of seeds to facilitate the importers as well as farmers. The CBR on Saturday amended SRO 567(I)2005 of June 6, 2005 through another SRO to implement the decisi
Published 18 Sep, 2005 12:00am
Duty relief on 7 types of seeds import

Duty relief on 7 types of seeds import

The Central Board of Revenue (CBR) has given exemption of customs duty on import of seven types of seeds to facilitate the importers as well as farmers. The CBR on Saturday amended SRO 567(I)2005 of June 6, 2005 through another SRO to implement the decisi
Published 18 Sep, 2005 12:00am
Duty relief on 7 types of seeds import

Duty relief on 7 types of seeds import

The Central Board of Revenue (CBR) has given exemption of customs duty on import of seven types of seeds to facilitate the importers as well as farmers. The CBR on Saturday amended SRO 567(I)2005 of June 6, 2005 through another SRO to implement the decisi
Published 18 Sep, 2005 12:00am
Top bankers in Belgium see no big deals

Top bankers in Belgium see no big deals

The four largest banks operating in Belgium do not expect to be involved in big mergers over the next five years, banking executives were quoted as saying on Saturday.
Published 18 Sep, 2005 12:00am
Taiwan denies report on China charter air links

Taiwan denies report on China charter air links

Taiwan denied a Friday newspaper report that it was close to reaching a breakthrough with China on direct charter air links, saying industry representatives on the two sides had not even met to talk.
Published 18 Sep, 2005 12:00am
China's TCL Corp's August TV sales up 20 percent

China's TCL Corp's August TV sales up 20 percent

TCL Corp, China's largest television and cellphone maker, said on Saturday its TV sales had risen 20 percent in August to 1.86 million units from the same month last year. TCL is the world's biggest television maker through a tie-up with RCA brand-owner T
Published 18 Sep, 2005 12:00am
Spain's Jazztel running behind business plan

Spain's Jazztel running behind business plan

Spanish broadband telecoms company Jazztel is running behind its business plan and is suffering additional costs, Chairman Leopoldo Fernandez Pujals told Cinco Dias in an interview on Saturday.
Published 18 Sep, 2005 12:00am
France seeks final bids for toll road firms

France seeks final bids for toll road firms

The French government has asked for firm offers from 18 candidates for its stakes in three toll-road companies, the Le Figaro newspaper said on Saturday. The finance ministry had no immediate comment on the report that it had sent a letter on Friday to pa
Published 18 Sep, 2005 12:00am
Romanian president questions Petrom sale to OMV

Romanian president questions Petrom sale to OMV

Romania's president Traian Basescu questioned on Saturday a 1.5 billion euro sale of the country's largest oil firm Petrom to Austria's OMV, saying it would be re-examined by his office.
Published 18 Sep, 2005 12:00am
US FCC cuts some phone rules on Qwest in Omaha

US FCC cuts some phone rules on Qwest in Omaha

US regulators on Friday agreed to lift some telephone regulations on Qwest Communications International Inc's local telephone service in the Omaha, Nebraska market because of growing competition in that market for customers.
Published 18 Sep, 2005 12:00am
Japanese team briefed about trade and investment

Japanese team briefed about trade and investment

A four-member Japanese delegation, led by Shunichi Ono, vice-president Overseas Marketing Komatsu Limited, Japan, currently visiting Lahore on special invitation of Prime Minister of Pakistan, was briefed on trade and commerce and investment by Punjab Sec
Published 18 Sep, 2005 12:00am
Japanese team briefed about trade and investment

Japanese team briefed about trade and investment

A four-member Japanese delegation, led by Shunichi Ono, vice-president Overseas Marketing Komatsu Limited, Japan, currently visiting Lahore on special invitation of Prime Minister of Pakistan, was briefed on trade and commerce and investment by Punjab Sec
Published 18 Sep, 2005 12:00am
Japanese team briefed about trade and investment

Japanese team briefed about trade and investment

A four-member Japanese delegation, led by Shunichi Ono, vice-president Overseas Marketing Komatsu Limited, Japan, currently visiting Lahore on special invitation of Prime Minister of Pakistan, was briefed on trade and commerce and investment by Punjab Sec
Published 18 Sep, 2005 12:00am
Delay in technical staff induction hampering railways projects

Delay in technical staff induction hampering railways projects

Directorate of Information Technology (DoIT), Pakistan Railways, is awaiting recruitment of 27 posts of technical staff including nine posts of temporary technical staff causing delay in implementation of various projects pertaining to automation of worki
Published 18 Sep, 2005 12:00am
Delay in technical staff induction hampering railways projects

Delay in technical staff induction hampering railways projects

Directorate of Information Technology (DoIT), Pakistan Railways, is awaiting recruitment of 27 posts of technical staff including nine posts of temporary technical staff causing delay in implementation of various projects pertaining to automation of worki
Published 18 Sep, 2005 12:00am
Delay in technical staff induction hampering railways projects

Delay in technical staff induction hampering railways projects

Directorate of Information Technology (DoIT), Pakistan Railways, is awaiting recruitment of 27 posts of technical staff including nine posts of temporary technical staff causing delay in implementation of various projects pertaining to automation of worki
Published 18 Sep, 2005 12:00am
Chinese company to set up packing-material factory

Chinese company to set up packing-material factory

A Chinese business group will set up a packing-material factory in Pakistan by the end of this year. It will be a joint venture between Hu Lu China group and a Pakistani Ruba Trading Company.
Published 18 Sep, 2005 12:00am
SDF to extend skill literacy plan for five more years

SDF to extend skill literacy plan for five more years

Sun Development Foundation (SDF) plans to extend "Skilled Based Adult Literacy Programme" for five more years after successful implementation of its earlier project for imparting adult literacy and skills training to 10200 garment industry workers.
Published 18 Sep, 2005 12:00am
Cotton growers will not be left to mercy of millers: minister

Cotton growers will not be left to mercy of millers: minister

The government will not leave the cotton growers to the mercy of textile millers, hoarders, adulterators and suppliers of substandard fertilisers, and seed and pesticides and fertilisers would be provided to farmers at reasonable prices, said the Federal
Published 18 Sep, 2005 12:00am
Natwar may visit Pakistan on October 3: Kasuri

Natwar may visit Pakistan on October 3: Kasuri

Indian Foreign Minister Natwar Singh, at the special invitation of Foreign Minister Khrusheed Mehmood Kasuri, is expected to visit Pakistan on October 3. The meeting with Indian counterpart Natwar Singh would be positive and fruitful, Kasuri said while ta
Published 18 Sep, 2005 12:00am
Natwar may visit Pakistan on October 3: Kasuri

Natwar may visit Pakistan on October 3: Kasuri

Indian Foreign Minister Natwar Singh, at the special invitation of Foreign Minister Khrusheed Mehmood Kasuri, is expected to visit Pakistan on October 3. The meeting with Indian counterpart Natwar Singh would be positive and fruitful, Kasuri said while ta
Published 18 Sep, 2005 12:00am
Leather products export may cross $1 billion mark

Leather products export may cross $1 billion mark

Pakistan leather industry has exported leather products worth $800 million in 2004-05 and is likely to cross $1 billion by the end of this financial year, provided the government's enabling policies continue in support of the industry.
Published 18 Sep, 2005 12:00am
Leather products export may cross $1 billion mark

Leather products export may cross $1 billion mark

Pakistan leather industry has exported leather products worth $800 million in 2004-05 and is likely to cross $1 billion by the end of this financial year, provided the government's enabling policies continue in support of the industry.
Published 18 Sep, 2005 12:00am
Leather products export may cross $1 billion mark

Leather products export may cross $1 billion mark

Pakistan leather industry has exported leather products worth $800 million in 2004-05 and is likely to cross $1 billion by the end of this financial year, provided the government''s enabling policies continue in support of the industry.
Published 18 Sep, 2005 12:00am
Prime Minister assures to resolve poultry sector problems

Prime Minister assures to resolve poultry sector problems

The Prime Minister, Shaukat Aziz, while assuring his full support to the poultry sector, has directed his Adviser on Finance Dr Salman Shah, to convene a meeting of Poultry Association as early as possible and seek their proposals regarding various issues
Published 18 Sep, 2005 12:00am
Prime Minister assures to resolve poultry sector problems

Prime Minister assures to resolve poultry sector problems

The Prime Minister, Shaukat Aziz, while assuring his full support to the poultry sector, has directed his Adviser on Finance Dr Salman Shah, to convene a meeting of Poultry Association as early as possible and seek their proposals regarding various issues
Published 18 Sep, 2005 12:00am
Prime Minister assures to resolve poultry sector problems

Prime Minister assures to resolve poultry sector problems

The Prime Minister, Shaukat Aziz, while assuring his full support to the poultry sector, has directed his Adviser on Finance Dr Salman Shah, to convene a meeting of Poultry Association as early as possible and seek their proposals regarding various issues
Published 18 Sep, 2005 12:00am
Trade with Pakistan stagnant for 5 years: Norwegian envoy

Trade with Pakistan stagnant for 5 years: Norwegian envoy

The Norwegian Ambassador Jens Bjorn Kanavin has said that there is a need for making concerted and sector-specific efforts to enhance economic co-operation between the two countries and the chambers of commerce could do a lot in this regard.
Published 18 Sep, 2005 12:00am
Trade with Pakistan stagnant for 5 years: Norwegian envoy

Trade with Pakistan stagnant for 5 years: Norwegian envoy

The Norwegian Ambassador Jens Bjorn Kanavin has said that there is a need for making concerted and sector-specific efforts to enhance economic co-operation between the two countries and the chambers of commerce could do a lot in this regard.
Published 18 Sep, 2005 12:00am
Trade with Pakistan stagnant for 5 years: Norwegian envoy

Trade with Pakistan stagnant for 5 years: Norwegian envoy

The Norwegian Ambassador Jens Bjorn Kanavin has said that there is a need for making concerted and sector-specific efforts to enhance economic co-operation between the two countries and the chambers of commerce could do a lot in this regard.
Published 18 Sep, 2005 12:00am
Growers to get profit on clean cotton

Growers to get profit on clean cotton

A sub-committee of textile industry ministry and other stakeholders on Saturday agreed to pass on the premium, on production of clean cotton, to growers. The sub-committee held a meeting here with Aptma, KCA, PCGA, growers and provincial agriculture depar
Published 18 Sep, 2005 12:00am
Nine held, arms seized in Waziristan

Nine held, arms seized in Waziristan

The security forces during a cordon and search operation on Saturday in Northern Waziristan rounded up 9 suspected miscreants and recovered huge cache of arms and ammunition, according to Inter-Services Public Relations department.
Published 18 Sep, 2005 12:00am
Shaukat briefed on Gwadar uplift

Shaukat briefed on Gwadar uplift

Prime Minister Shaukat Aziz on Saturday asked concerned agencies to expedite civil work and complete the road network connecting the port with rest of the country by June 2006. He was speaking at a briefing by Gwadar Port Authority (GPA) and Gwadar Develo
Published 18 Sep, 2005 12:00am
'Flaws in ordinance hindering access to information'

'Flaws in ordinance hindering access to information'

The Freedom of Information Ordinance 2002 has failed to deliver as partial access to information hindered establishment of just, transparent and accountable system of governance. This was the gist of a seminar on "Freedom of Information" jointly organised
Published 18 Sep, 2005 12:00am
PIA flights for Moenjodaro from next week

PIA flights for Moenjodaro from next week

PIA flights to and from Moenjodaro will be resumed from next week for tourists. In this regard, the Ministry of Tourism held talks for resumption of flights to Moenjodaro with Pakistan International Airlines (PIA) recently, which agreed to initially opera
Published 18 Sep, 2005 12:00am
Rs 1 billion package announced for Rawalpindi

Rs 1 billion package announced for Rawalpindi

Punjab Chief Minister Chaudhry Pervaiz Elahi announced on Saturday special package of Rs 1 billion for the development of Rawalpindi district. He made this announcement at a public gathering in Gujar Khan, where he also inaugurated "Gujar Khan underpass"
Published 18 Sep, 2005 12:00am
52nd birthday of Altaf Hussain celebrated

52nd birthday of Altaf Hussain celebrated

Supporters of the Muttahida Qaumi Movement on Saturday celebrated the 52nd birthday of Quaid-e-Tehreek Altaf Hussain and the party supporters especially in Lahore, Multan, Rawalpindi, Islamabad and Quetta besides the cities and towns of Sindh celebrated t
Published 18 Sep, 2005 12:00am
All being done to emancipate women: President

All being done to emancipate women: President

President General Pervez Musharraf on Saturday said the government was doing all for women's emancipation and is determined to proceed on these lines in the time ahead. "Pakistan is going up, and this upward swing could not be altered," he told a packed h
Published 18 Sep, 2005 12:00am
New technologies in all sectors vital for economic growth: Arbab

New technologies in all sectors vital for economic growth: Arbab

Sindh Chief Minister Arbab Ghulam Rahim has said that new technologies are needed to be introduced in every sector to boost economic growth in the country. He was speaking at the launching ceremony of aluminium tank trailer organised by Automobile Corpora
Published 18 Sep, 2005 12:00am
PIA cancels Fokker flights

PIA cancels Fokker flights

Pakistan International Airlines (PIA) said on Saturday its Fokker flights would be suspended from September 18 to 20 due to Pakistan Air Force (PAF) "High Mark Air" exercise. It regretted the inconvenience caused to its valuable passengers due to the canc
Published 18 Sep, 2005 12:00am
Allotment orders being issued to Mujahid and Musa colonies' residents

Allotment orders being issued to Mujahid and Musa colonies' residents

Sindh Katchi Abadi Authority (SKAA) has begun to issue allotment orders and challan for payment of cost of the allotted plot and 99-year lease money to the residents of Mujahid Colony and Moosa Colony, where the bulk of illegal immigrants from Bangladesh
Published 18 Sep, 2005 12:00am
Five-member high school team to visit Japan

Five-member high school team to visit Japan

Four high school students and a teacher will visit Japan from September 21 to 30. The Cultural Centre of the Consulate General of Japan announced this in a statement here on Saturday. It said the visit would be under South Asian High School Students Invit
Published 18 Sep, 2005 12:00am
Piffa elected to Fiata congress

Piffa elected to Fiata congress

Pakistan International Freight Forwarders Association (Piffa) was elected member at The International Federation of National Freight Forwarders (Fiata) world congress - 2005, held in Moscow on September 15.
Published 18 Sep, 2005 12:00am
Senate body for encouraging use of CNG

Senate body for encouraging use of CNG

Senate Standing Committee on Cabinets Establishment and Management Services has underlined the need for encouraging use of CNG in the country to control rising prices of petroleum products.
Published 18 Sep, 2005 12:00am
HRDN corporate summit on family planning on September 23

HRDN corporate summit on family planning on September 23

At the current rate of population growth, per capita availability of water in Pakistan would drop down to 885 cubic metres from the existing 1,200 cubic metres' supply to each citizen against the world average of 7,000 cubic metres, making Pakistan a wate
Published 18 Sep, 2005 12:00am
National forum on higher education on September 21

National forum on higher education on September 21

The present state of higher education sector, future plans and the steps required to be taken to bring further improvement in the sector would be discussed at a two-day National Forum on Higher Education to be held here from September 1st.
Published 18 Sep, 2005 12:00am
Printer serves notice on PTI chief

Printer serves notice on PTI chief

A local printer has served Pakistan Tehrik-e-Insaf (PTI) Chairman, Imran Khan and former provincial chief of the party in NWFP Nawabzada Mohsin Ali with a legal notice for the payment of the outstanding under head of printing posters, stickers and other m
Published 18 Sep, 2005 12:00am
Government bears Altaf's publicity drive: PPPP

Government bears Altaf's publicity drive: PPPP

The Pakistan Peoples' Party Parliamentarians (PPPP) on Saturday assailed Muttahida Qaumi Movement (MQM) leader Altaf Hussain for celebrating his birthday at the public expense.
Published 18 Sep, 2005 12:00am
23 bottled water brands declared unsafe

23 bottled water brands declared unsafe

While declaring 23 brands of bottled/mineral water unsafe, the government has advised all Ministries and Divisions to procure only PSQCA certified bottled water for official use, it is learnt.
Published 18 Sep, 2005 12:00am
Humayun to attend 'CNN connects' today

Humayun to attend 'CNN connects' today

Federal Minister for Commerce Humayun Akhtar Khan on the invitation of CNN International will attend "CNN Connects" programme. The programme will be telecast live from Mumbai India on Sunday (September 18) at 20:30 (India Time), according to a press relea
Published 18 Sep, 2005 12:00am
PCMEA to set up modern carpet city

PCMEA to set up modern carpet city

The Pakistan Carpet Manufacturers & Exporters Association has proposed to set up a modern 'Carpet City' in the Sunder Industrial Estate near Lahore, PCMEA vice chairman Akhtar Nazir told Business Recorder here on Saturday.
Published 18 Sep, 2005 12:00am
PC fails to sale Bolan mills' scrap

PC fails to sale Bolan mills' scrap

The Privatisation Commission (PC) failed to sale scrap of Bolan Textile Mills Machinery due to non-matching acceptable price of Rs 14.17 million, determined by the Cabinet Committee on Privatisation (CCoP).
Published 18 Sep, 2005 12:00am
Opposition planning mass contact campaign

Opposition planning mass contact campaign

Combined opposition is planning to kick off a mass contact campaign after the third phase of local government elections. Opposition leaders are in contact, and will be closely monitoring the last phase of electoral process before the campaign, opposition
Published 18 Sep, 2005 12:00am
Malaysia offers help in IT and telecom sector

Malaysia offers help in IT and telecom sector

Pakistan can take advantage of Malaysian experience in framing a futuristic policy approach and in undertaking successful technological ventures in the IT and telecom sectors.
Published 18 Sep, 2005 12:00am
'Over Rs 1 billion power projects to start in NWFP soon'

'Over Rs 1 billion power projects to start in NWFP soon'

Chairing two high-level briefings here at Wapda House on Saturday, Minister of State for Water and Power Engr. Amir Muqam said that practical work on over a billion rupees electricity projects for the NWFP and Rs 500 million water supply schemes for Pesha
Published 18 Sep, 2005 12:00am
SCO earns over Rs 1.5 billion in fiscal 2004-05

SCO earns over Rs 1.5 billion in fiscal 2004-05

The Special Communication Organisation (SCO) has earned Rs 1.54515 billion during the fiscal year 2004-05 which exceeds, by Rs 157.80 million, the revenue in the corresponding period of last year. SCO has also decided to expand its network in Azad Jammu &
Published 18 Sep, 2005 12:00am
US corporate bonds: Delphi falls on bankruptcy speculation

US corporate bonds: Delphi falls on bankruptcy speculation

Spreads in the corporate bond market were mixed in moderate trading, with most activity occurring in high-yield names as bonds in the auto supplier sector weakened on increased speculation Delphi Corp may file for bankruptcy.
Published 18 Sep, 2005 12:00am
Brazilian currency ends flat

Brazilian currency ends flat

The Brazilian real currency dipped 0.09 percent to end at 2.299 to the US dollar on Friday. On Thursday, the real rallied nearly 1.4 percent, boosted by heavy inflows of greenbacks from exports and corporate bond sales as well as news the Treasury is plan
Published 18 Sep, 2005 12:00am
US Treasuries falter as inflation fears favour bears

US Treasuries falter as inflation fears favour bears

US Treasury debt sold off for a third session on Friday, sending benchmark yields to one-month highs as bearish technicals and growing inflation fears obscured a Katrina-related plunge in US consumer confidence.
Published 18 Sep, 2005 12:00am
US Treasuries falter as inflation fears favour bears

US Treasuries falter as inflation fears favour bears

US Treasury debt sold off for a third session on Friday, sending benchmark yields to one-month highs as bearish technicals and growing inflation fears obscured a Katrina-related plunge in US consumer confidence.
Published 18 Sep, 2005 12:00am
US stocks finish higher on blue chip upgrades

US stocks finish higher on blue chip upgrades

US stocks ended higher on Friday after upgrades of Exxon Mobil Corp and Intel Corp boosted the Dow, while a drop in oil prices cushioned the blow of a monthly indicator showing consumer sentiment at its lowest level in 13 years.
Published 18 Sep, 2005 12:00am
Brazil Treasury revises global bond underwriters

Brazil Treasury revises global bond underwriters

Brazil's Treasury on Friday asked Banco Itau to co-manage a "possible sale" of its first global bond denominated in reais, one day after naming Goldman Sachs and J.P. Morgan to lead the sale.
Published 18 Sep, 2005 12:00am
Brazil Treasury revises global bond underwriters

Brazil Treasury revises global bond underwriters

Brazil's Treasury on Friday asked Banco Itau to co-manage a "possible sale" of its first global bond denominated in reais, one day after naming Goldman Sachs and J.P. Morgan to lead the sale.
Published 18 Sep, 2005 12:00am
Gold help push Toronto stocks near 11,000 mark

Gold help push Toronto stocks near 11,000 mark

High-flying gold mining issues helped Toronto stocks close near the 11,000 mark on Friday, as the bullion price climbed to its loftiest level in 17 years.
Published 18 Sep, 2005 12:00am
Chilean stocks surge on pre-holiday bounce

Chilean stocks surge on pre-holiday bounce

Chilean stocks rose in heavier than expected a short session of pre-holiday trade on Friday, led by steelmaker CAP, while the peso edged down slightly in a sluggish currency market.
Published 18 Sep, 2005 12:00am
Argentinean stocks dip after record highs

Argentinean stocks dip after record highs

Argentine stocks closed steady on Friday, even though investors pocketed gains after Thursday's record highs, traders said. The MerVal index of 11 leading stocks ended 0.08 percent lower at 1,628.13 points, just off an all-time high of 1,629.56 points in
Published 18 Sep, 2005 12:00am
American credit market outlook

American credit market outlook

Delphi Corp debt protection costs rose and its bonds fell on Friday following a report that concluded the company is more likely to file for bankruptcy than not and suggested recovery assumptions on the auto supplier's debt may be inflated.
Published 18 Sep, 2005 12:00am
American credit market outlook

American credit market outlook

Delphi Corp debt protection costs rose and its bonds fell on Friday following a report that concluded the company is more likely to file for bankruptcy than not and suggested recovery assumptions on the auto supplier's debt may be inflated.
Published 18 Sep, 2005 12:00am
Jakarta to launch sovereign bond

Jakarta to launch sovereign bond

Indonesia will launch a sovereign bond at the end of this month to help raise funds to finance the state budget deficit, a finance ministry official told reporters on Friday.
Published 18 Sep, 2005 12:00am
Jakarta to launch sovereign bond

Jakarta to launch sovereign bond

Indonesia will launch a sovereign bond at the end of this month to help raise funds to finance the state budget deficit, a finance ministry official told reporters on Friday.
Published 18 Sep, 2005 12:00am
New York gold settles at new 17-year peak as rally extends

New York gold settles at new 17-year peak as rally extends

US benchmark gold futures closed at a 17-year high on Friday as robust demand for bullion and jitters over inflation and the US economy stoked a buying spree in the precious commodity for a second straight day.
Published 18 Sep, 2005 12:00am
Shanghai copper slips

Shanghai copper slips

Shanghai copper futures weakened for the third straight day on Friday under pressure from an abundance of spot supply at home and overseas. Copper stocks in the Shanghai Futures Exchange's warehouses fell a tiny 458 tonnes to 42,071 tonnes in the week end
Published 18 Sep, 2005 12:00am
Australian wool gains

Australian wool gains

Australian wool prices showed a slight improvement last week from recent five year lows, supported by a steady Australian dollar and renewed European interest, analysts said on Friday.
Published 18 Sep, 2005 12:00am
New York sugar settles near five-year high

New York sugar settles near five-year high

Raw sugar prices closed on Friday near a five-year high on solid trade buying and the market is seen punching higher in the weeks ahead due to bullish fundamentals, brokers said.
Published 18 Sep, 2005 12:00am
India's soyaoil futures fall

India's soyaoil futures fall

Indian soyaoil futures were marginally down on Friday on expectations the government may reduce base import prices used to calculate tariffs while sugar prices were down on bumper crop prospects.
Published 18 Sep, 2005 12:00am
Soya firm on pre-weekend bounce, exports

Soya firm on pre-weekend bounce, exports

Chicago Board of Trade soyabean futures closed firm Friday on a pre-weekend technical bounce after the November contract slid more than 25 cents in the past week, traders said.
Published 18 Sep, 2005 12:00am
Australian grain: rains promise strong wheat crop

Australian grain: rains promise strong wheat crop

Australia's wheat crop is progressing well and will probably get the rainfall needed for a harvest around the upper levels of the forecast range, industry experts said on Friday.
Published 18 Sep, 2005 12:00am
Malaysian tin hits 19-month low

Malaysian tin hits 19-month low

Malaysian tin extended losses on Friday, falling another 1.3 percent to a 19-month low as the market followed weakness in London. The metal ended down $90 at $6,670 a tonne, the lowest level since February 13, 2004. It has fallen 5.3 percent in the last t
Published 18 Sep, 2005 12:00am
Comex copper down

Comex copper down

Copper futures fell to a weaker close on Friday, as funds stuck to the light selling that characterised activity in the red metal all week, traders said. The sharp drop in the US consumer sentiment reading pressured copper, already down because of the lat
Published 18 Sep, 2005 12:00am
Canadian bonds slip with Treasuries

Canadian bonds slip with Treasuries

The Canadian bond prices followed US treasuries lower on Friday, as growing inflation concerns in the United States built worries about more Federal Reserve interest rate increases. "Basically, Canadian bonds completely followed the US treasury lead lower
Published 18 Sep, 2005 12:00am
US corporate bonds: Delphi falls on bankruptcy speculation

US corporate bonds: Delphi falls on bankruptcy speculation

Spreads in the corporate bond market were mixed in moderate trading, with most activity occurring in high-yield names as bonds in the auto supplier sector weakened on increased speculation Delphi Corp may file for bankruptcy.
Published 18 Sep, 2005 12:00am
Brazilian stocks end at record close

Brazilian stocks end at record close

The Bovespa stock index set historic closing and intraday highs on Friday, with Brazil's risk premium trading at an eight-year low and domestic interest rate cuts spurring hopes of faster growth in South America's largest economy.
Published 18 Sep, 2005 12:00am
Canadian bonds slip with Treasuries

Canadian bonds slip with Treasuries

The Canadian bond prices followed US treasuries lower on Friday, as growing inflation concerns in the United States built worries about more Federal Reserve interest rate increases. "Basically, Canadian bonds completely followed the US treasury lead lower
Published 18 Sep, 2005 12:00am
CBOT rice closes mixed

CBOT rice closes mixed

Rough rice futures at the Chicago Board of Trade closed mixed on Friday, within recent ranges amid light volume, traders said. "We're stuck in a tight range that seems to be narrowing," said one rice trader. The November contract closed 1 cent higher at $
Published 18 Sep, 2005 12:00am
Thai rice futures ends steady

Thai rice futures ends steady

Thai rice futures ended flat on Friday with some investors buying contracts to take physical delivery because supply in the open market is tight, brokers said.
Published 18 Sep, 2005 12:00am
Indian foreign exchange reserves fall

Indian foreign exchange reserves fall

India's foreign exchange reserves fell to $145.277 billion on September 9 from $145.555 billion a week earlier, the Reserve Bank of India said in its weekly statistical supplement on Saturday.
Published 18 Sep, 2005 12:00am
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