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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-10-27
Vietnam rice up as exporters scramble for supplies

Vietnam rice up as exporters scramble for supplies

Rice prices in Vietnam, the world's second-largest exporter after Thailand, firmed further this week as exporters scrambled to secure supplies for loading amid thinning stocks, traders said on Wednesday.
Published 27 Oct, 2005 12:00am
Taiwan shares down, led by high-flying tech shares

Taiwan shares down, led by high-flying tech shares

Taiwan stocks ended 0.36 percent lower on Wednesday, with smartphone maker High Tech Computer Corp leading a slide in high-price technology shares on weak investor confidence.
Published 27 Oct, 2005 12:00am
Malaysian shares slightly changed

Malaysian shares slightly changed

Malaysian share prices closed flat in rangebound trade on Wednesday, continuing to mark time in the absence of a fresh lead, dealers said.
Published 27 Oct, 2005 12:00am
Hong Kong shares jump

Hong Kong shares jump

Hong Kong stocks ended slightly higher on Wednesday amid investor caution ahead of China Construction Bank's highly-anticipated market debut on Thursday and as bird flu fears hit some retail and China plays.
Published 27 Oct, 2005 12:00am
US stocks dip on consumer data, outlooks and oil

US stocks dip on consumer data, outlooks and oil

US stocks edged lower on Tuesday as a report showed consumer confidence fell unexpectedly in October, while warnings about future financial results from companies, including Texas Instruments Inc, and a jump in oil prices hurt investor sentiment.
Published 27 Oct, 2005 12:00am
Jakarta shares close flat

Jakarta shares close flat

Indonesian share prices closed flat on Wednesday with banking stocks extending losses on concerns that further rate hikes will hit earnings while gains in nickel miner Inco provided support, dealers said.
Published 27 Oct, 2005 12:00am
US Treasury debt prices tumble

US Treasury debt prices tumble

US Treasury debt prices fell sharply on Tuesday as worries about looming interest rate hikes added to technical pressures, pushing benchmark yields to six-month highs.
Published 27 Oct, 2005 12:00am
US Treasury debt prices tumble

US Treasury debt prices tumble

US Treasury debt prices fell sharply on Tuesday as worries about looming interest rate hikes added to technical pressures, pushing benchmark yields to six-month highs.
Published 27 Oct, 2005 12:00am
Thai shares end 1.21 percent higher

Thai shares end 1.21 percent higher

Thai share prices closed 1.21 percent higher on Wednesday as foreign investors purchased big-cap shares including energy as world oil prices eased, dealers said.
Published 27 Oct, 2005 12:00am
Philippines shares rise

Philippines shares rise

Philippines share prices closed 0.37 percent higher on Wednesday thanks to last-minute bargain hunting in selected stocks, dealers said.
Published 27 Oct, 2005 12:00am
Singapore shares climb

Singapore shares climb

Singapore share prices closed slightly firmer on Wednesday, adding 0.10 percent on gains in selected stocks, dealers said. The Straits Times Index rose 2.33 points to 2,228.79.
Published 27 Oct, 2005 12:00am
Nikkei gains as earnings outlook draws buyers

Nikkei gains as earnings outlook draws buyers

Japan's Nikkei share average rose 0.86 percent on Wednesday as investors bought Tokyo Electron Ltd and other companies with bright profit outlooks with the earnings reporting season shifting into full gear.
Published 27 Oct, 2005 12:00am
Chinese shares dip

Chinese shares dip

China's benchmark share index dipped below a crucial support level on Wednesday, depressed by heavy losses in companies that had joined an unpopular programme to float non-traded state shares, including Minsheng Banking Corp.
Published 27 Oct, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 65.75 (previous 65.75). Call Money Rates: 5.00-12.00 percent (previous 5.00-12.00 percent).
Published 27 Oct, 2005 12:00am
Chinese yuan strengthens

Chinese yuan strengthens

China's yuan finished on Wednesday a few ticks shy of its strongest close to the dollar since the July revaluation, as state media cited a central bank official as saying the currency would appreciate in the long run.
Published 27 Oct, 2005 12:00am
Swiss franc holds gains after data hit dollar

Swiss franc holds gains after data hit dollar

The Swiss franc extended its recent gains against the dollar early on Wednesday after a weak United States consumer sentiment report sapped support for the US dollar in the previous session.
Published 27 Oct, 2005 12:00am
Dollar struggles after fall in US consumer sentiment

Dollar struggles after fall in US consumer sentiment

The dollar struggled on Wednesday as a drop in US consumer confidence sharply contrasted with a strong German business survey and injected worries into the market that the dollar's interest rate advantage could narrow.
Published 27 Oct, 2005 12:00am
Dollar slumps on soft US consumer confidence data

Dollar slumps on soft US consumer confidence data

The dollar posted steep losses on Tuesday after weaker-than-expected US consumer confidence data stoked concerns hurricanes and soaring oil prices could slow the economy's momentum and the pace of interest rate rises.
Published 27 Oct, 2005 12:00am
PCB announces election results

PCB announces election results

Pakistan Cricket Board (PCB) has announced election results of district cricket associations Sukkur, Khairpur, Jaccobabad, Nasirabad, Noushki, Killa Abdullah, Kalat, Lorali and Pashin.
Published 27 Oct, 2005 12:00am
Dravid wary despite a dream fortnight

Dravid wary despite a dream fortnight

Rahul Dravid has just endured the most unforgettable two weeks of his life but the Indian captain is not getting carried away.
Published 27 Oct, 2005 12:00am
Coria closes in on Shanghai spot

Coria closes in on Shanghai spot

Guillermo Coria took a step closer to a place at next month's Masters Cup with a 6-2, 6-4 win over Alberto Martin in the first round of the 829,000-euro Swiss Indoors on Wednesday.
Published 27 Oct, 2005 12:00am
Giles ready for gruelling trip

Giles ready for gruelling trip

Ashley Giles has told his England team-mates they should prepare themselves for a hard-fought series in Pakistan as they look to build on their Ashes-winning exploits.
Published 27 Oct, 2005 12:00am
England cricket team arrives

England cricket team arrives

England's cricket team finally flew into Pakistan early Wednesday for a 57-day tour which ran into trouble over security fears and the devastating South Asian earthquake.
Published 27 Oct, 2005 12:00am
UK to stop short of total workplace smoking ban

UK to stop short of total workplace smoking ban

The British government will publish plans on Thursday for a ban on smoking in public places in England, stopping short of total prohibition after a prolonged bout of ministerial wrangling.
Published 27 Oct, 2005 12:00am
Thai Airways plane damaged landing in Australia

Thai Airways plane damaged landing in Australia

A Thai Airways A340 Airbus suffered undercarriage damage during a heavy landing at Melbourne airport on Wednesday, forcing Australia's second-busiest airport to close for more than two hours.
Published 27 Oct, 2005 12:00am
Organic pesticide can kill locusts: scientist

Organic pesticide can kill locusts: scientist

Researchers have developed an organic pesticide that can control deadly locust swarms in Africa, reducing the need to use traditional insecticides that harm the environment, a senior scientist said on Wednesday.
Published 27 Oct, 2005 12:00am
Asian pay-TV piracy to cost $1 billion in 2005: study

Asian pay-TV piracy to cost $1 billion in 2005: study

Asian pirate cable and satellite television operators are expected to cost the industry 1.06 billion US dollars this year, up 11 percent from 2004, an industry association said Wednesday.
Published 27 Oct, 2005 12:00am
Zimbabwe to probe opposition on funds

Zimbabwe to probe opposition on funds

President Robert Mugabe's government on Wednesday ordered a probe into charges that Zimbabwe's main opposition party received funds from foreign governments illegally.
Published 27 Oct, 2005 12:00am
US approves $3.1 billion sale of 40 F-16s to Greece

US approves $3.1 billion sale of 40 F-16s to Greece

The US Defence Department on Wednesday told Congress it had approved the sale to Greece of 40 Lockheed Martin Corp F-16C/D fighter jets and associated equipment, in a deal valued at up to $3.1 billion.
Published 27 Oct, 2005 12:00am
Four al Qaeda men jailed in Germany

Four al Qaeda men jailed in Germany

Four men linked to al Qaeda's frontman in Iraq, Abu Musab al-Zarqawi, hurled abuse at a German court Wednesday as they were convicted and jailed for planning attacks against Jewish interests.
Published 27 Oct, 2005 12:00am
Iraqi Sunnis form alliance: US deaths mount

Iraqi Sunnis form alliance: US deaths mount

Sunni Arab leaders formed an alliance to fight Iraq's next elections on Wednesday, as the US death toll marched past 2,000 and intensified pressure on Washington.
Published 27 Oct, 2005 12:00am
Iran lets senior al Qaeda suspects roam free

Iran lets senior al Qaeda suspects roam free

Iran is permitting around 25 high-ranking al Qaeda members to roam free in the country's capital, including three sons of Osama bin Laden, a German monthly magazine reported on Wednesday.
Published 27 Oct, 2005 12:00am
Court convicts former Chirac aide of corruption

Court convicts former Chirac aide of corruption

A French court found a former aide to President Jacques Chirac guilty of corruption and handed him a four-year suspended prison sentence on Wednesday for his role in a public contracts scam linked to the head of state.
Published 27 Oct, 2005 12:00am
Indian air force jet crashes

Indian air force jet crashes

An Indian Air Force MiG-21 fighter jet crashed Wednesday on take-off in Bangalore in the southern state of Karnataka killing the pilot, a military spokesman said. The aircraft caught fire during take-off showering the runway with debris and forcing the pi
Published 27 Oct, 2005 12:00am
Lebanon charges two

Lebanon charges two

Lebanon charged two men with a role in the killing of ex-Prime Minister Rafik al-Hariri, judicial sources said on Wednesday, less than a week after they were named in a UN probe into the murder.
Published 27 Oct, 2005 12:00am
UN warns of arms from Syria to Lebanon groups

UN warns of arms from Syria to Lebanon groups

Arms are still flowing across the Syrian border to Palestinian groups and others in Lebanon, although the Beirut government is trying to crack down and assert its authority, a new UN report said on Wednesday.
Published 27 Oct, 2005 12:00am
10 dead in China stampede

10 dead in China stampede

Up to 10 children were killed and 45 injured when students yelling "ghost" sparked a stampede on a darkened elementary school staircase in China's Sichuan province, officials and reports said Wednesday.
Published 27 Oct, 2005 12:00am
BBC shuts office in Uzbekistan

BBC shuts office in Uzbekistan

The British Broadcasting Corporation's World Service said on Wednesday it had closed its office in Uzbekistan and withdrawn staff because the authorities were intimidating its reporters.
Published 27 Oct, 2005 12:00am
Israel should be 'wiped off the map': Ahmadinejad

Israel should be 'wiped off the map': Ahmadinejad

Iran's hard-line President Mahmoud Ahmadinejad openly called Wednesday for Israel to be "wiped off the map" and lashed out at Muslim nations which recognise the Jewish state, setting off a storm of protests.
Published 27 Oct, 2005 12:00am
Indian rupee little changed

Indian rupee little changed

The rupee ended little changed on Wednesday, a day after the central bank raised interest rates, as local companies bought dollars to meet month-end payments, offsetting early gains made on the euro's bounce overseas.
Published 27 Oct, 2005 12:00am
Sterling slips against euro

Sterling slips against euro

Sterling retreated from a one-month high against the dollar and slipped versus the euro on Wednesday, after lacklustre factory activity data and on a potential decline in the pound's interest rate advantage.
Published 27 Oct, 2005 12:00am
Euro eases in London

Euro eases in London

The euro eased from two-week highs against the dollar on Wednesday as investors took profits on the single currency's rally that came after strong German data boosted expectations of a euro zone interest rate hike.
Published 27 Oct, 2005 12:00am
European auto bonds gain

European auto bonds gain

Autos were in focus in the European corporate bond market on Wednesday, as DaimlerChrysler took advantage of strong results to announce plans for a new bond, while Fiat rallied following better-than-expected numbers.
Published 27 Oct, 2005 12:00am
European auto bonds gain

European auto bonds gain

Autos were in focus in the European corporate bond market on Wednesday, as DaimlerChrysler took advantage of strong results to announce plans for a new bond, while Fiat rallied following better-than-expected numbers.
Published 27 Oct, 2005 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks sharply trimmed gains at midday on Wednesday as crude oil prices rose and disappointing results from Boeing Co offset strong earnings from companies like ConocoPhillips.
Published 27 Oct, 2005 12:00am
Indian shares slip

Indian shares slip

Indian share prices closed 0.21 percent lower Wednesday in low-volume trade a day after the central bank raised its economic growth forecast and ahead of the Hindu festival of Diwali next week, dealers said.
Published 27 Oct, 2005 12:00am
Seoul shares down

Seoul shares down

South Korean shares edged lower on Wednesday, hit by sustained selling by foreign investors, while exporters such as LG.Philips LCD Co Ltd dropped following an unexpected dip in US consumer confidence.
Published 27 Oct, 2005 12:00am
Britain's top share index rises, fuelled by miners

Britain's top share index rises, fuelled by miners

UK stocks closed higher on Wednesday, bolstered by Anglo American on news the miner plans to give back up to $1 billion to investors and simplify its structure, while oil producers added further weight as they mirrored a rise in crude prices towards $63 a
Published 27 Oct, 2005 12:00am
Commodities moving into the mainstream

Commodities moving into the mainstream

Long regarded as risky alternatives, commodities are moving into the mainstream as ever more investors buy into the asset class and bouts of selling are viewed as consolidation in an enduring bull trend.
Published 27 Oct, 2005 12:00am
Oil falls after imports boost US crude supplies

Oil falls after imports boost US crude supplies

Oil prices fell on Wednesday after the US government said a jump in imports last week boosted crude oil supplies in the world's largest energy consumer. US crude supplies last week rose nearly 1.5 percent to more than 316 million barrels, according to the
Published 27 Oct, 2005 12:00am
Iraq awards 1 million tonne wheat tender to US firms

Iraq awards 1 million tonne wheat tender to US firms

Iraq has awarded a buy tender for one million tonnes of wheat to two American firms, Columbia Grains and Louis Dreyfus, at $190 a tonne, a senior trade official told Reuters on Wednesday.
Published 27 Oct, 2005 12:00am
New York cotton settles quietly softer

New York cotton settles quietly softer

Cotton futures finished easier Wednesday on sales by small speculators, but the overall tone of business was subdued and players were looking for leads to provide direction for the market, brokers said.
Published 27 Oct, 2005 12:00am
London sugar weaker

London sugar weaker

London white sugar futures closed lower on Wednesday on producer selling against Thursday's EU sugar export tender, traders said. Front-month December settled down $1.70 at $296.50 per tonne in volume of 2,274 lots, after trading from $299.70 to $296.00.
Published 27 Oct, 2005 12:00am
Base metals retreat

Base metals retreat

Base metals retreated during Wednesday afternoon trading on the London Metal Exchange (LME), pulled back by copper selling off and diving conclusively into the minus column, traders said.
Published 27 Oct, 2005 12:00am
New money stirs palladium, platinum in Europe

New money stirs palladium, platinum in Europe

Commodity investors are switching money into precious metals other than gold, lifting palladium prices to their highest in 11 months on Wednesday and platinum towards a 25-1/2-year high.
Published 27 Oct, 2005 12:00am
US MIDDAY: coffee declines by producers selling

US MIDDAY: coffee declines by producers selling

US coffee futures sagged nearly 2 percent to a 9-day low Wednesday, pressured by selling from Brazilian producers and speculators reacting to technical price signals, traders said.
Published 27 Oct, 2005 12:00am
US MIDDAY: cocoa at four-week high by small speculators

US MIDDAY: cocoa at four-week high by small speculators

US cocoa futures climbed 1.1 percent to a four-week high Wednesday, buoyed by speculators taking precaution against possible unrest in top cocoa producer Ivory Coast this forthcoming weekend, traders said.
Published 27 Oct, 2005 12:00am
US MIDDAY: sugar mostly down by small speculators

US MIDDAY: sugar mostly down by small speculators

Raw sugar prices closed largely easier Wednesday on sales by small speculators as the market stayed pinned in a band and will likely be trapped there over the next few sessions, brokers said.
Published 27 Oct, 2005 12:00am
US MIDDAY: corn falls by active harvest

US MIDDAY: corn falls by active harvest

Corn futures at the Chicago Board of Trade sagged to new contract lows early on Wednesday with the market weighed down by active harvest and quiet exports, traders said.
Published 27 Oct, 2005 12:00am
US MIDDAY: wheat rises on December contract

US MIDDAY: wheat rises on December contract

Wheat futures on the Chicago Board of Trade were mostly higher early on Wednesday, rallying from a weak open after Iraq bought US wheat, traders said.
Published 27 Oct, 2005 12:00am
US MIDDAY: copper rallies on smelter walked off

US MIDDAY: copper rallies on smelter walked off

US copper futures continued their ascent early Wednesday, helped higher by news that workers at a major Mexican copper smelter walked off the job late Tuesday, sending spot copper up to a new record peak, traders said.
Published 27 Oct, 2005 12:00am
US MIDDAY: soyabeans slide on technical bounce

US MIDDAY: soyabeans slide on technical bounce

Soyabean futures at the Chicago Board of Trade fell early on Wednesday, setting back from this week's technical bounce with weakness in soyaoil contributing to the sell-off, traders said.
Published 27 Oct, 2005 12:00am
US MIDDAY: gold steadies by inflation concerns

US MIDDAY: gold steadies by inflation concerns

US gold futures edged up to hover around an eight-day peak on Wednesday morning, lifted by increased inflation concerns and a weaker dollar against the euro, dealers said.
Published 27 Oct, 2005 12:00am
IJT launches Eid caravan for quake victims

IJT launches Eid caravan for quake victims

Islami Jamiat Talba (IJT) Pakistan is launching Eid Caravan for earthquake victims from Karachi to provide relief goods to 20,000 victims in Azad Kashmir and NWFP. IJT General Secretary Nasruallah Khan Goraya stated this in a press conference here on Wedn
Published 27 Oct, 2005 12:00am
'US playing role for AIDS prevention'

'US playing role for AIDS prevention'

The United States Government and USAID place a high priority on supporting people living with HIV and AIDS and on preventing further spread of this virus.
Published 27 Oct, 2005 12:00am
88 trucks sent to quake-hit areas

88 trucks sent to quake-hit areas

As many as 88 trucks carrying ration and other relief goods including blankets, quilts, medicine, tents, tarpaulins, coffins, and woollen shawls etc have been sent to the quake-hit areas from Sialkot so far.
Published 27 Oct, 2005 12:00am
Petition filed for OIC summit

Petition filed for OIC summit

A member of the Lahore High Court Bar Association (LHCBA) has through a petition prayed to the LHC to direct the respondent government to hold an Islamic Summit.
Published 27 Oct, 2005 12:00am
LHC accepts Railways employees petitions

LHC accepts Railways employees petitions

The Lahore High Court (LHC), while nullifying the suitability test taken by Pakistan Railways (PR), has accepted some identical petitions filed by PR employees.
Published 27 Oct, 2005 12:00am
Government efforts may end in wasting resources: PDP

Government efforts may end in wasting resources: PDP

Nawabzada Mansoor Ahmed Khan, Vice President of ARD and Chief of Pakistan Democratic Party on Wednesday expressed the fear that the government's "ill-conceived" rehabilitation effort might end up in wasting resources without enabling the victims to stand
Published 27 Oct, 2005 12:00am
Over 1,200 trucks of relief goods despatched

Over 1,200 trucks of relief goods despatched

More than 1,200 trucks containing relief goods have so far been sent to quake-affected areas from the three districts of Faisalabad division ie Jhang, Faisalabad and Toba Tek Singh districts.
Published 27 Oct, 2005 12:00am
Rural electrification cost rises by 206 percent

Rural electrification cost rises by 206 percent

Low population densities and limited demand for electricity, along with high capital costs for expanding the network to rural areas, makes rural electrification unattractive.
Published 27 Oct, 2005 12:00am
Construction of cardiology institute in progress

Construction of cardiology institute in progress

The construction work on institute of cardiology at Faisalabad is gradually in progress. Chief Minister Pervaiz Elahi has sanctioned Rs 693.304 million for this project where ultra modern and hi-tech facilities will be provided for the treatment of compli
Published 27 Oct, 2005 12:00am
Exquisite treasure pulled from depths of Java Sea

Exquisite treasure pulled from depths of Java Sea

In a nondescript warehouse in Jakarta, treasure-hunter Luc Heymans dips into plastic boxes and pulls out jewels and ornaments that lay hidden at the bottom of the Java Sea for 1,000 years.
Published 27 Oct, 2005 12:00am
Quake donations

Quake donations

A few night ago I saw an interview on a TV channel of Abdul Hafeez Shaikh, Federal Minister for Privatisation, on how much the corporate sector is co-operating for donation to the President's Relief Fund said that out of 900 corporate sector only about 19
Published 27 Oct, 2005 12:00am
FPCCI's relief efforts

FPCCI's relief efforts

Drawing your attention to a news item pblished in your newspaper in the issue of 22nd October under the heaadline "FPCCI apathy towards relief efforts deplored". We strongly feel that the news item is baised and based on misinformation deliberatel given o
Published 27 Oct, 2005 12:00am
Lisbon's 1755 earthquake, a warning for today

Lisbon's 1755 earthquake, a warning for today

The aftershocks of a truly epic earthquake are measured not by magnitude or distance but by centuries. Exactly 250 years after one of the world's most devastating quakes transformed regal Lisbon into a ghost town, experts from around the world will gather
Published 27 Oct, 2005 12:00am
Capacity building of NGOs-II

Capacity building of NGOs-II

Issues in capacity building: There are nevertheless some challenges that capacity build-ing face as far its further growth is concerned. First of all there has not been a thorough evaluation of the service quali-ty of capacity building organisations.
Published 27 Oct, 2005 12:00am
Safety measures for Karachi

Safety measures for Karachi

Coming in the midst of anxiety, caused by the tremors being felt in the coastal areas of the city, the call for separate building rules for the marked areas, which the technical committee of the Disaster Management Committee of the Federal Urdu University
Published 27 Oct, 2005 12:00am
Loss assessment

Loss assessment

While the government, various social welfare organisations and individuals continue making hectic efforts for providing every kind of relief to the people affected by the earthquake of 8th October, there have been wild guesses about the extent of the over
Published 27 Oct, 2005 12:00am
Soomro condoles death of Zarina Baloch

Soomro condoles death of Zarina Baloch

Senate Chairman, Mohammedmian Soomro has condoled the sad demise of a leading Sindhi folk singer Zarina Baloch, wife of Rasool Bakhsh Palijo, who died of brain haemorrhage in Karachi on Tuesday. In his message of condolence, Soomro lauded the services ren
Published 27 Oct, 2005 12:00am
Emirates celebrates 20th anniversary

Emirates celebrates 20th anniversary

The Dubai-based Emirates airline has marked its 20th anniversary of successful operations, announces a statement of the airline issued here on Wednesday.
Published 27 Oct, 2005 12:00am
Kasur despatches 200 trucks of relief goods

Kasur despatches 200 trucks of relief goods

District government has so far despatched 200 truckloads of relief commodities for the quake affectees, while 30 more trucks will be sent within the next fortnight.
Published 27 Oct, 2005 12:00am
Book on Lahore being launched on November 9

Book on Lahore being launched on November 9

The launching ceremony of an anthology edited by celebrity writer Bapsi Sidhwa will be held at a local hotel on November 9. The event would be organised under the auspices of the OUP Pakistan.
Published 27 Oct, 2005 12:00am
Government urged to take steps for disaster management

Government urged to take steps for disaster management

The environmental activist and Chairman Subha-e-Nau, Shahida Farooq on Wednesday said the government should take steps for disaster management on top priority in areas, which are earthquake prone but still safe from a major catastrophe.
Published 27 Oct, 2005 12:00am
Moot on e-governance from December 9

Moot on e-governance from December 9

Preparations underway for third international conference on e-governance to be hosted by the Lahore University of Management Sciences (Lums), from December 9 to 11, 2005.
Published 27 Oct, 2005 12:00am
Wheat targets fixed

Wheat targets fixed

The Punjab government has fixed targets for wheat sowing and production; said sources in the Ministry of Food and Agriculture here on Wednesday.
Published 27 Oct, 2005 12:00am
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