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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-11-09
Dollar rallies to two-year high versus euro

Dollar rallies to two-year high versus euro

The dollar jumped to a two-year high against the euro and hovered near a two-year peak versus the yen on Tuesday, buoyed by a widening yield advantage as the US currency's rally showed few signs of cooling.
Published 09 Nov, 2005 12:00am
Thai share prices sag

Thai share prices sag

Thai share prices closed 0.73 percent lower on Tuesday after authorities ordered that shares in Thai Petrochemical Industry could only be acquired with cash, dealers said.
Published 09 Nov, 2005 12:00am
Singapore shares finish with little gains

Singapore shares finish with little gains

Singapore share prices closed 0.66 percent higher on Tuesday, lifted by Wall Street's overnight gains and weaker oil prices, dealers said. The Straits Times Index climbed 14.91 points to 2,271.99. Volume reached 848 million shares valued at 703 million Si
Published 09 Nov, 2005 12:00am
Nikkei dips as banks lose steam, trade hits record

Nikkei dips as banks lose steam, trade hits record

The Nikkei average edged down 0.18 percent on Tuesday as profit-taking hit banks, but buyers flocked to steel makers such as Sumitomo Metal Industries Ltd on earnings optimism, boosting trading volume to a record high.
Published 09 Nov, 2005 12:00am
Indian shares led by software companies

Indian shares led by software companies

Indian share prices closed up 1.35 percent on Tuesday in volatile trade led by software companies, dealers said. The Mumbai stock exchange's 30-share Sensex index rose 110.97 points to 8,317.8 on trading volumes of 28.74 billion rupees (632 million dollar
Published 09 Nov, 2005 12:00am
Philippines shares rally, PLDT surges

Philippines shares rally, PLDT surges

Philippine share prices closed up 0.83 percent on Tuesday, hitting five-month highs after market-leader Philippine Long Distance Telephone (PLDT) posted record results which helped confirm the recent more positive tone, dealers said.
Published 09 Nov, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 65.75 (previous 65.75). Call Money Rates: 7.00-16.00 percent (previous 10.50-25.00 percent).
Published 09 Nov, 2005 12:00am
Chinese yuan strengthens

Chinese yuan strengthens

China's yuan strengthened against the dollar on Tuesday as dealers said Bush's visit to China would pressure Beijing into allowing the yuan to further appreciate.
Published 09 Nov, 2005 12:00am
Indian rupee bounces off 13-month low

Indian rupee bounces off 13-month low

The rupee snapped a two-day fall on Tuesday, bouncing off a 13-month low hit earlier, supported by capital inflows into local stocks and dollar sales by state-run banks, probably on behalf of the central bank, dealers said.
Published 09 Nov, 2005 12:00am
Chinese shares rise

Chinese shares rise

China's shares closed 0.86 percent higher on Tuesday after institutional funds sought bargains among large caps such as top Asian refiner Sinopec Corp. The benchmark Shanghai composite index closed at 1,110.147 points after rising just 0.05 percent the pr
Published 09 Nov, 2005 12:00am
Dollar pares gains versus euro after 18-month peak

Dollar pares gains versus euro after 18-month peak

The dollar touched an 18-month peak against the euro on Monday before paring gains as some investors bought euros on expectations the dollar may struggle to advance further in the coming week.
Published 09 Nov, 2005 12:00am
Hong Kong dollar eases

Hong Kong dollar eases

The Hong Kong dollar eased to a one-week low against the US dollar on Tuesday, while most money market rates fell for a second day as major market participants continued to offer liquidity.
Published 09 Nov, 2005 12:00am
Asian currencies: Indian rupee hits 13-month low

Asian currencies: Indian rupee hits 13-month low

The Indian rupee extended a month-long decline to a 13-month low on Tuesday while the Thai baht dropped more than half a percent as the dollar's broad-based rally forced importers and banks to cut local currency losses.
Published 09 Nov, 2005 12:00am
Swiss franc tumbles as dollar rally picks up steam

Swiss franc tumbles as dollar rally picks up steam

The Swiss franc tumbled to 18-month lows against the dollar in early trading on Tuesday as a rally in the US currency picked up steam, but the franc held steady against the euro.
Published 09 Nov, 2005 12:00am
Langer out of second Test

Langer out of second Test

Opening batsman Justin Langer will miss Australia's second Test against the West Indies next week as he struggles to recover from a broken rib, Cricket Australia said Tuesday.
Published 09 Nov, 2005 12:00am
Smith leads South Africa back from one-day depths

Smith leads South Africa back from one-day depths

A year ago, South Africa couldn't beat a credible opponent in one-day cricket. Now they head to India Friday for a five-match series as the world's second-ranked team.
Published 09 Nov, 2005 12:00am
US Treasuries rise ahead of auctions

US Treasuries rise ahead of auctions

US Treasuries rose on Monday as investors took a pause from three weeks of heavy selling and prepared to digest $44 billion in new debt. Some analysts hoped the recent slump in government bonds would attract some buyers in the government's three-legged re
Published 09 Nov, 2005 12:00am
US Treasuries rise ahead of auctions

US Treasuries rise ahead of auctions

US Treasuries rose on Monday as investors took a pause from three weeks of heavy selling and prepared to digest $44 billion in new debt. Some analysts hoped the recent slump in government bonds would attract some buyers in the government's three-legged re
Published 09 Nov, 2005 12:00am
US stocks up as oil drops, techs and banks rise

US stocks up as oil drops, techs and banks rise

US stocks ended higher on Monday after oil prices settled below $60 a barrel, easing concerns about higher energy costs and renewing investors' enthusiasm for the technology and banking sectors.
Published 09 Nov, 2005 12:00am
Hong Kong stocks climb

Hong Kong stocks climb

Hong Kong stocks rose a quarter of a percent on Tuesday as bellwether stocks such as lender HSBC and mobile phone service provider China Mobile were lifted by higher overseas markets.
Published 09 Nov, 2005 12:00am
Malaysian shares close slightly lower

Malaysian shares close slightly lower

Malaysian share prices closed 0.27 percent lower on Tuesday on concerns about inflation fuelling rising interest rates and the spread of bird flu, dealers said.
Published 09 Nov, 2005 12:00am
Trade ministers may have to delay WTO push

Trade ministers may have to delay WTO push

Top trade ministers admitted on Tuesday they could have to delay a mid-December deadline for a global deal, although the European Union warned such a move was risky and there was still time to overcome deep divisions.
Published 09 Nov, 2005 12:00am
De Beers to sell 26 percent of South African unit to blacks

De Beers to sell 26 percent of South African unit to blacks

De Beers, the world's biggest diamond producer, will sell 26 percent of its South African unit to a new black-owned firm for about 3.8 billion rand ($567 million) to meet government demands to include more blacks in the mainstream economy.
Published 09 Nov, 2005 12:00am
Siemens, Disney in 12-year deal

Siemens, Disney in 12-year deal

German engineering group Siemens AG and Walt Disney Co on Tuesday said they have formed a 12-year strategic alliance that paves the way to broaden their technological collaboration.
Published 09 Nov, 2005 12:00am
'Bird flu in EU to hit world meat trade'

'Bird flu in EU to hit world meat trade'

A major outbreak of bird flu in the European Union's poultry flock could close off exports worth $1 billion, force domestic prices lower but push up world market levels, a UN agency said on Tuesday.
Published 09 Nov, 2005 12:00am
US job openings rise

US job openings rise

The number of US job openings increased in September along with the number of separations, the Labour Department said on Tuesday.
Published 09 Nov, 2005 12:00am
Business, unions, ministers oppose ECB interest rate rise

Business, unions, ministers oppose ECB interest rate rise

Finance ministers, business and labour unions ramped up pressure on the European Central Bank on Tuesday to refrain from hiking eurozone interest rates to fight inflation, telling the ECB it risked stifling economic recovery.
Published 09 Nov, 2005 12:00am
US and China reach deal on clothing, textiles

US and China reach deal on clothing, textiles

The United States and China reached a three-year agreement on Tuesday to rein in China's booming clothing and textile shipments to the United States, solving an issue that had threatened to cool ties.
Published 09 Nov, 2005 12:00am
Chinese banks uncover 40 percent more fraud cases

Chinese banks uncover 40 percent more fraud cases

Chinese banks uncovered 613 criminal cases involving their funds in the first nine months of 2005, about 40 percent more than a year earlier, the bank regulator said on Tuesday, underscoring a tough battle to rein in financial risks.
Published 09 Nov, 2005 12:00am
Green & Black's to boost organic cocoa supply

Green & Black's to boost organic cocoa supply

Britain's fast-growing organic chocolate maker Green & Black's, a unit of Cadbury, is persuading cocoa growers to switch to organic from conventional afarming in order to sustain its expansion plans.
Published 09 Nov, 2005 12:00am
Green & Black's to boost organic cocoa supply

Green & Black's to boost organic cocoa supply

Britain's fast-growing organic chocolate maker Green & Black's, a unit of Cadbury, is persuading cocoa growers to switch to organic from conventional afarming in order to sustain its expansion plans.
Published 09 Nov, 2005 12:00am
Euro falls in London

Euro falls in London

The dollar hit a two-year high against the euro on Tuesday and held near a 26-month peak versus the yen as investors bet higher US interest rates meant yield differentials would widen in favour of the greenback.
Published 09 Nov, 2005 12:00am
Pound hits three-month low versus dollar

Pound hits three-month low versus dollar

Sterling dropped to its lowest in more than three months against the dollar on Tuesday as broad-based dollar strength dominated sentiment, leaving the pound vulnerable in the near term.
Published 09 Nov, 2005 12:00am
Britain's top share index gives up gains, ends flat

Britain's top share index gives up gains, ends flat

Britain's blue chip shares gave up solid early gains to close flat on Tuesday although the telecoms and mining sectors held out, with Cable & Wireless up 1.9 percent after news it was to resume buying back its shares.
Published 09 Nov, 2005 12:00am
Seoul shares jump

Seoul shares jump

South Korean shares rose to their highest close in four weeks on Tuesday, as upbeat consumer sentiment data bolstered lenders such as Kookmin Bank as well as other stocks focused on domestic demand.
Published 09 Nov, 2005 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks dropped on Tuesday as a disappointing outlook from leading home builder Toll Brothers Inc raised concerns that the housing sector, an important source of the economy's growth, may be slowing.
Published 09 Nov, 2005 12:00am
Bonds: Eircom rallies as Swisscom gets access to books

Bonds: Eircom rallies as Swisscom gets access to books

News that Irish phone group Eircom would open its books to cash-rich Swisscom boosted its debt on Tuesday, but dented confidence in Danish peer TDC, as investors bet it left TDC more vulnerable to private equity predators.
Published 09 Nov, 2005 12:00am
Bonds: Eircom rallies as Swisscom gets access to books

Bonds: Eircom rallies as Swisscom gets access to books

News that Irish phone group Eircom would open its books to cash-rich Swisscom boosted its debt on Tuesday, but dented confidence in Danish peer TDC, as investors bet it left TDC more vulnerable to private equity predators.
Published 09 Nov, 2005 12:00am
China jails three for printing Bibles

China jails three for printing Bibles

A Chinese court sentenced a Protestant minister, his wife and her brother to prison terms of up to three years on Tuesday for illegally printing Bibles and other Christian publications, one of their lawyers said.
Published 09 Nov, 2005 12:00am
Virginia and New Jersey governors highlight US vote

Virginia and New Jersey governors highlight US vote

Voters across the United States went to the polls on Tuesday in elections that could gauge the depth of President George W. Bush's political woes and affect next year's critical congressional elections.
Published 09 Nov, 2005 12:00am
France declares state of emergency

France declares state of emergency

The French government on Tuesday declared a state of emergency in riot-hit parts of the country in order to combat the worst outbreak of urban unrest since the May 1968 student revolt.
Published 09 Nov, 2005 12:00am
US used white phosphorus on Iraqi civilians

US used white phosphorus on Iraqi civilians

US forces in Iraq have used incendiary white phosphorus against civilians and a firebomb similar to napalm against military targets, Italian state-run broadcaster RAI reported on Tuesday.
Published 09 Nov, 2005 12:00am
Commodity prices seen falling in 2006 and 2007

Commodity prices seen falling in 2006 and 2007

World commodity prices should fall in both 2006 and 2007 with market surpluses seen developing in beverage, oilseed, sugar and industrial raw material markets, the Economist Intelligence Unit (EIU) said on Monday.
Published 09 Nov, 2005 12:00am
Israeli soldiers kill Palestinian in West Bank

Israeli soldiers kill Palestinian in West Bank

Israeli soldiers shot dead a Palestinian youth on Tuesday in a confrontation in the West Bank town of Nablus, medics said. The Israeli army said its troops had opened fire on Palestinians suspected of planning to plant an explosive to ambush troops on a m
Published 09 Nov, 2005 12:00am
Second defence lawyer in Saddam trial shot dead

Second defence lawyer in Saddam trial shot dead

Gunmen killed a second defence lawyer acting in Saddam Hussein's trial on Tuesday, renewing questions over whether the former president can get a fair trial amid Iraq's daily violence.
Published 09 Nov, 2005 12:00am
UNSC extends mandate of US-led force in Iraq to 2006

UNSC extends mandate of US-led force in Iraq to 2006

The UN Security Council on Tuesday unanimously adopted a one-year extension of the mandate of the US-led forces in Iraq. The council voted 15-0 "to extend the mandate of the multinational force, as set forth in Resolution 1546 (in 2004), until December 20
Published 09 Nov, 2005 12:00am
US omits Uzbekistan from list of religious violators

US omits Uzbekistan from list of religious violators

The United States has left Uzbekistan off a list of states it considers serious violators of religious freedom despite appeals by human rights groups to include the estranged US military ally on the annual list.
Published 09 Nov, 2005 12:00am
Israel to sell 50 spy drones to India

Israel to sell 50 spy drones to India

Israel will sell 50 unmanned spy drones worth 220 million dollars to India, public radio reported Tuesday. The Heron drones can fly at an altitude of 30,000 feet (nine kilometres), are equipped with camera and surveillance technology, automatic takeoff an
Published 09 Nov, 2005 12:00am
South Arabia takes fugitive militant in custody

South Arabia takes fugitive militant in custody

Saudi Arabia said on Tuesday it had taken into custody a man on the kingdom's most wanted list of fugitive al Qaeda suspects. An Interior Ministry statement on the state-run Saudi Press Agency named the militant as Adnan bin Abdullah al-Omari, who feature
Published 09 Nov, 2005 12:00am
Germany to supply tanks to Turkey

Germany to supply tanks to Turkey

Germany has finalised a long-delayed deal to sell 298 surplus Leopard 2 battle tanks to Turkey, a spokesman at the German Defence Ministry said on Tuesday.
Published 09 Nov, 2005 12:00am
Indonesian military ordered to reinstate surveillance

Indonesian military ordered to reinstate surveillance

Indonesia's military chief General Endriartono Sutarto has officially ordered the revival of a much-criticised community-based intelligence system to be used to fight terrorism, a report said Tuesday.
Published 09 Nov, 2005 12:00am
North Korea to be given new disarmament timeline

North Korea to be given new disarmament timeline

North Korea will be urged to adopt a step-by-step plan towards nuclear disarmament when the latest round of six-nation talks begins Wednesday, Japan's chief negotiator said.
Published 09 Nov, 2005 12:00am
Polish Prime Minister sees economy in grip of secret services

Polish Prime Minister sees economy in grip of secret services

Poland must rid its economy of the informal ties that link businesses, politicians and the secret services in order speed up economic growth, Prime Minister Kazimierz Marcinkiewicz was quoted as saying on Tuesday.
Published 09 Nov, 2005 12:00am
Arab media say riots due to inequality in France

Arab media say riots due to inequality in France

The violence sweeping France's impoverished suburbs triggered criticism from the Arab media on Tuesday over a failure to integrate immigrants, and raised fears that the riots' consequences could spread across the Arab-Muslim world.
Published 09 Nov, 2005 12:00am
Chile's Court denies bail for Fujimori

Chile's Court denies bail for Fujimori

Chile's Supreme Court denied bail to former Peruvian President Alberto Fujimori on Tuesday as Peru worked to extradite him to face human rights and corruption charges.
Published 09 Nov, 2005 12:00am
China parrot painting picks up record price

China parrot painting picks up record price

A painting by an 86-year-old Chinese master has gone under the hammer for a record 30 million yuan ($3.7 million), highlighting soaring world interest in Chinese art.
Published 09 Nov, 2005 12:00am
Kaneria warns England of mystery delivery

Kaneria warns England of mystery delivery

Pakistan's fast rising leg-spinner Danish Kaneria started the mind games ahead of Saturday's first Test against England, saying he had a mystery delivery for English batsmen.
Published 09 Nov, 2005 12:00am
More deaths from environmental hazards feared

More deaths from environmental hazards feared

International Union for Conservation of Nature (IUCN), Worldwide Fund for Nature (WWF) and CARE International have warned of further losses from environmental hazards in earthquake-hit areas of Pakistan.
Published 09 Nov, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (November 08, 2005).

Published 09 Nov, 2005 12:00am
Oil sector leads LSE rally

Oil sector leads LSE rally

Equities maintained upward trend on the Lahore Stock Exchange (LSE) and registered gains under the lead of oil sector on account of fresh buying mainly due to investors' interest while fertiliser and chemical sector also performed well.
Published 09 Nov, 2005 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Tuesday (November 08, 2005).

Published 09 Nov, 2005 12:00am
Bulls stay in driving seat on ISE

Bulls stay in driving seat on ISE

Bulls continued to stay in the front seat at the Islamabad Stock Exchange (ISE) where gainers outnumbered losers amid increase in index. ISE Network index was up by 58.07 points as the rate-based indicator moved from 11,679.59 to 11,737.66 points.
Published 09 Nov, 2005 12:00am
Bulls stay in driving seat on ISE

Bulls stay in driving seat on ISE

Bulls continued to stay in the front seat at the Islamabad Stock Exchange (ISE) where gainers outnumbered losers amid increase in index. ISE Network index was up by 58.07 points as the rate-based indicator moved from 11,679.59 to 11,737.66 points.
Published 09 Nov, 2005 12:00am
KSE market close today

KSE market close today

The Karachi Stock Exchange will remain closed on Wednesday on account of Iqbal day. According to a notification of the Exchange, the Federal Government has declared the November 9 as public holiday due to which the trading and other activities of the KSE
Published 09 Nov, 2005 12:00am
KSE market close today

KSE market close today

The Karachi Stock Exchange will remain closed on Wednesday on account of Iqbal day. According to a notification of the Exchange, the Federal Government has declared the November 9 as public holiday due to which the trading and other activities of the KSE
Published 09 Nov, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (November 08, 2005).

Published 09 Nov, 2005 12:00am
KSE market close today

KSE market close today

The Karachi Stock Exchange will remain closed on Wednesday on account of Iqbal day. According to a notification of the Exchange, the Federal Government has declared the November 9 as public holiday due to which the trading and other activities of the KSE
Published 09 Nov, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (November 08, 2005).

Published 09 Nov, 2005 12:00am
China to become SAP's No 2 Asia market

China to become SAP's No 2 Asia market

European software giant SAP AG said on Tuesday China could overtake Australia as its second-biggest Asian market next year, with sales expected to grow by double the software industry rate of 13 percent in China.
Published 09 Nov, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (November 08, 2005).

Published 09 Nov, 2005 12:00am
Sialkot celebrates Iqbal's birthday today

Sialkot celebrates Iqbal's birthday today

The birth anniversary of Great Philosopher and Poet Allama Muhammad Iqbal will be celebrated with usual enthusiasm and zeal in Sialkot, Pasrur, Sambrial and Daska tehsils of Sialkot district on November 9.
Published 09 Nov, 2005 12:00am
Lufthansa passengers down, first fall since March

Lufthansa passengers down, first fall since March

Deutsche Lufthansa carried 2.1 percent fewer passengers in October than a year earlier, it said on Tuesday, the first monthly year-on-year decline in customers since March.
Published 09 Nov, 2005 12:00am
Lufthansa passengers down, first fall since March

Lufthansa passengers down, first fall since March

Deutsche Lufthansa carried 2.1 percent fewer passengers in October than a year earlier, it said on Tuesday, the first monthly year-on-year decline in customers since March.
Published 09 Nov, 2005 12:00am
EU ministers want easier cross-border bank mergers

EU ministers want easier cross-border bank mergers

European Union finance ministers backed plans on Tuesday to make cross-border banking mergers easier but steered clear of confronting Italy over its recent controversial handling of such mergers.
Published 09 Nov, 2005 12:00am
Airline SAS third quarter undershoots

Airline SAS third quarter undershoots

Scandinavian airline SAS posted third-quarter earnings below expectations on Tuesday but stuck to its forecast of a return to full-year profit this year after four years of losses. It also said it saw the first signs that capacity pressure in the industry
Published 09 Nov, 2005 12:00am
Airline SAS third quarter undershoots

Airline SAS third quarter undershoots

Scandinavian airline SAS posted third-quarter earnings below expectations on Tuesday but stuck to its forecast of a return to full-year profit this year after four years of losses. It also said it saw the first signs that capacity pressure in the industry
Published 09 Nov, 2005 12:00am
BG's profit jumps

BG's profit jumps

UK gas and oil producer BG Group Plc reported a 44 percent rise in third-quarter profit on Tuesday, missing analysts' average forecast, and said it would spend up to 1 billion pounds ($1.8 billion) buying back shares.
Published 09 Nov, 2005 12:00am
BG's profit jumps

BG's profit jumps

UK gas and oil producer BG Group Plc reported a 44 percent rise in third-quarter profit on Tuesday, missing analysts' average forecast, and said it would spend up to 1 billion pounds ($1.8 billion) buying back shares.
Published 09 Nov, 2005 12:00am
EADS open to reciprocal subsidy changes

EADS open to reciprocal subsidy changes

European aerospace group EADS is open to changes in state support for its aircraft manufacturing unit Airbus, but only if the US changes the way it backs Boeing, co-President Noel Forgeard told Le Monde newspaper.
Published 09 Nov, 2005 12:00am
Transfers and postings of 9 PTCL officials

Transfers and postings of 9 PTCL officials

Pakistan Telecommunication Company Limited (Headquarters) has issued the orders of transfer and postings of nine General Managers/Chief Engineers.
Published 09 Nov, 2005 12:00am
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