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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-11-11
US stocks soar on oil's drop, General Motor weighs on Dow

US stocks soar on oil's drop, General Motor weighs on Dow

US stocks ended slightly higher on Wednesday as oil at the lowest level in more than three months boosted retailers like Wal-Mart Stores Inc, while General Motors Corp hit a 13-year low on concerns about a possible strike at its main auto parts supplier.
Published 11 Nov, 2005 12:00am
Hong Kong dollar recovers some losses

Hong Kong dollar recovers some losses

The Hong Kong dollar recouped some early losses late on Thursday, while interbank money rates were mixed, with short dates remaining soft due to ample liquidity. The local currency weakened to 7.7574 per US dollar before recovering to 7.7555/58, firmer th
Published 11 Nov, 2005 12:00am
Dollar rallies versus euro, yen before US trade data

Dollar rallies versus euro, yen before US trade data

The dollar advanced against the euro and yen on Wednesday, to remain within striking distance of two-year highs, but pared some gains as investors grew cautious ahead of Thursday's US trade report.
Published 11 Nov, 2005 12:00am
Dollar hovers near two-year highs before US trade data

Dollar hovers near two-year highs before US trade data

The dollar shuttled in narrow ranges near two-year highs against the euro and the yen on Thursday as dealers awaited trade figures to provide short-term direction for the US currency.
Published 11 Nov, 2005 12:00am
Swiss franc at 18-month lows ahead of trade

Swiss franc at 18-month lows ahead of trade

The Swiss franc continued to trade near 18-month lows against the dollar ahead of US trade figures, due out later on Thursday, that the market hopes will provide short-term direction for the currency.
Published 11 Nov, 2005 12:00am
Chinese yuan inches higher as Bush visit nears

Chinese yuan inches higher as Bush visit nears

China's yuan strengthened against the dollar on Thursday as dealers increasingly expected the central bank to allow the yuan to appreciate slightly ahead of a visit to the country by US President George W. Bush.
Published 11 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 Thursday. 65.75-65.80 (previous 65.75-65.80). Call Money Rates: 7.00-14.50 percent (previous 6.50-15.50 percent).
Published 11 Nov, 2005 12:00am
Indian shares close flat

Indian shares close flat

Indian share prices closed flat on Thursday in listless trade as cautious investors awaited a fresh trigger while the market appeared consolidating after sharp gains in recent sessions, dealers said.
Published 11 Nov, 2005 12:00am
Nikkei turns positive on techs, data shrugged off

Nikkei turns positive on techs, data shrugged off

Tokyo's Nikkei share average edged up 0.06 percent on Thursday to its highest close in four years, as demand for high-tech firms such as Tokyo Electron Ltd limited disappointment after weak machinery orders.
Published 11 Nov, 2005 12:00am
Philippines shares close little changed

Philippines shares close little changed

Philippines share prices closed little changed on Thursday, holding at eight-month highs despite some profit-taking after recent sustained gains, dealers said.
Published 11 Nov, 2005 12:00am
Jakarta shares plunge

Jakarta shares plunge

Indonesian share prices closed 0.87 percent lower on Thursday on follow-through selling mostly in the banks amid persistent concerns the central bank will continue to hike interest rates to control inflation, dealers said.
Published 11 Nov, 2005 12:00am
Malaysian shares sag

Malaysian shares sag

Malaysian share prices closed 0.60 percent lower in sluggish trade on Thursday on selling of selected blue chips, dealers said. Trading was also rangebound in the absence of fresh leads, and the key index just managed to close above the psychologically-im
Published 11 Nov, 2005 12:00am
US Treasuries slump as foreign bid missing in auction

US Treasuries slump as foreign bid missing in auction

US Treasury debt prices took a spill on Wednesday as investors worried foreign central bank demand for US assets might be fading. Such fears resurfaced after two consecutive quarterly refunding auctions were met with only meager interest from indirect bid
Published 11 Nov, 2005 12:00am
US Treasuries slump as foreign bid missing in auction

US Treasuries slump as foreign bid missing in auction

US Treasury debt prices took a spill on Wednesday as investors worried foreign central bank demand for US assets might be fading. Such fears resurfaced after two consecutive quarterly refunding auctions were met with only meager interest from indirect bid
Published 11 Nov, 2005 12:00am
Singapore shares decline

Singapore shares decline

Singapore share prices closed 0.53 percent lower on Thursday, dragged down by losses in Singapore Telecommunications (SingTel) after its results, dealers said.
Published 11 Nov, 2005 12:00am
US citizens oppose military recruitment at schools

US citizens oppose military recruitment at schools

Voters in unabashedly anti-war San Francisco have made it city policy to oppose the presence of US military recruiters at public high schools and colleges. The "College Not Combat" initiative passed with about 60 percent of the vote after balloting Tuesda
Published 11 Nov, 2005 12:00am
Hong Kong stocks up

Hong Kong stocks up

Hong Kong stocks advanced to their highest level in more than three weeks on Thursday, gaining 0.25 percent, as investor sentiment brightened after several weeks of worries over interest rates and bird flu.
Published 11 Nov, 2005 12:00am
Chinese shares end 1.79 percent down

Chinese shares end 1.79 percent down

Chinese shares fell 1.79 percent on Thursday as investors dumped large caps such as Baoshan Iron and Steel Co Ltd to lock in profits. The benchmark Shanghai composite index stood at 1,088.301 points, extending a 1.35 percent fall in the morning.
Published 11 Nov, 2005 12:00am
Taiwan stocks at month high

Taiwan stocks at month high

Taiwan stocks advanced to a one-month high on Thursday, with big semiconductor shares like United Microelectronics Corp extending the last session's sharp rise thanks to strong gains in US counterparts.
Published 11 Nov, 2005 12:00am
Lamy defends decision to delay draft deal push

Lamy defends decision to delay draft deal push

World Trade Organisation (WTO) chief Pascal Lamy on Thursday defended delaying a push for a draft global trade deal until early next year, saying the risk of failure had been too great.
Published 11 Nov, 2005 12:00am
Corporate Linux backers form patent-sharing firm

Corporate Linux backers form patent-sharing firm

Three of the world's biggest electronics companies - IBM, Sony and Philips - have joined forces with the two largest Linux software distributors to create a company for sharing Linux patents, royalty-free.
Published 11 Nov, 2005 12:00am
China trade surplus hits record near $11.8 billion

China trade surplus hits record near $11.8 billion

China's trade surplus hit a record in October of about $11.8 billion, up from $7.1 billion a year earlier and rebounding much more strongly than expected from a September dip, partial data released on Thursday showed.
Published 11 Nov, 2005 12:00am
Energy demand weathers hurricane impact: IEA

Energy demand weathers hurricane impact: IEA

World energy demand has emerged largely unscathed from the most active Atlantic hurricane season on record and prices could shoot higher as consumption recovers, the International Energy Agency said on Thursday.
Published 11 Nov, 2005 12:00am
India needs reforms to boost growth: Snow

India needs reforms to boost growth: Snow

India needs to keep momentum for economic reforms going and try to boost growth if it is to come to grips with huge problems of poverty and joblessness, US Treasury Secretary John Snow said on Thursday.
Published 11 Nov, 2005 12:00am
Siemens operating profit falls

Siemens operating profit falls

Germany's Siemens reported a drop in operating profit but higher sales and new orders in a mixed fourth quarter, and said it planned to return some of its cash pile to investors by raising its dividend.
Published 11 Nov, 2005 12:00am
Siemens operating profit falls

Siemens operating profit falls

Germany's Siemens reported a drop in operating profit but higher sales and new orders in a mixed fourth quarter, and said it planned to return some of its cash pile to investors by raising its dividend.
Published 11 Nov, 2005 12:00am
Brown seeks to boost Palestinian economy

Brown seeks to boost Palestinian economy

British finance minister Gordon Brown on Thursday urged the international community to back a proposed plan aimed at regenerating the Palestinian economy battered by years of conflict with Israel.
Published 11 Nov, 2005 12:00am
US trade deficit yawns to record $66.1 billion

US trade deficit yawns to record $66.1 billion

The US trade deficit swelled to a record $66.1 billion in September, after Hurricane Katrina pushed oil prices to record highs and exports fell to cause the largest monthly increase in the deficit in over a year.
Published 11 Nov, 2005 12:00am
Boeing plane sets flight endurance record

Boeing plane sets flight endurance record

A Boeing Co 777 wide-body aircraft set an endurance record for a non-stop commercial flight on Thursday, travelling more than 22 hours eastwards from Hong Kong to London.
Published 11 Nov, 2005 12:00am
Intel sets $25 billion stock buyback

Intel sets $25 billion stock buyback

Intel Corp, the world's biggest make of computer chips, on Thursday said it plans to buy back another $25 billion in stock, adding to some $15 billion it has repurchased since the beginning of last year.
Published 11 Nov, 2005 12:00am
US tells North Korea to stop nuclear activities

US tells North Korea to stop nuclear activities

North Korea must halt its nuclear weapons programme now to show it is taking negotiations on disarmament seriously, the chief US negotiator said on Thursday on the second day of six-party talks in Beijing.
Published 11 Nov, 2005 12:00am
Sterling jumps versus euro

Sterling jumps versus euro

Sterling hit an eight-week high against the weak euro and ticked up against the dollar on Thursday, shrugging off a widely-expected decision by the Bank of England to leave interest rates unchanged.
Published 11 Nov, 2005 12:00am
Indian rupee firms

Indian rupee firms

The rupee recovered from early lows on Thursday helped by foreign investment in the Indian stock market and less demand for dollars among importers ahead of the US trade figures for September due at 1330 GMT.
Published 11 Nov, 2005 12:00am
South Africa unveils its big eye on the sky

South Africa unveils its big eye on the sky

South Africa on Thursday unveiled the southern hemisphere's biggest telescope, intended to catch glimpses of the early universe and shed light on how it turned from "smooth" to "clumpy".
Published 11 Nov, 2005 12:00am
Bird flu spreads further in Asia

Bird flu spreads further in Asia

Three Asian nations reported new outbreaks of bird flu in poultry on Thursday, a day after health experts unveiled a $1 billion global plan to halt the spread of the deadly virus.
Published 11 Nov, 2005 12:00am
Mubarak's party ousts rival leader

Mubarak's party ousts rival leader

Egyptian President Hosni Mubarak's National Democratic Party (NDP) ousted opposition leader Ayman Nour from parliament and took a strong early lead, according to first results from legislative elections announced on Thursday.
Published 11 Nov, 2005 12:00am
China moves to revive Marxism

China moves to revive Marxism

China's Communist Party plans to spend millions of dollars to revive Marxism in an apparent bid to shore up its political legitimacy and fill an ideological vacuum that has spawned official corruption.
Published 11 Nov, 2005 12:00am
Peres ousted as Israeli Labour Party chief

Peres ousted as Israeli Labour Party chief

Shimon Peres was ousted as Israel's Labour Party leader on Thursday by a trade union chief who vowed to quit Prime Minister Ariel Sharon's ruling coalition and usher in early elections.
Published 11 Nov, 2005 12:00am
France must react to urban ills after riots: Chirac

France must react to urban ills after riots: Chirac

French President Jacques Chirac called on Thursday for a swift response to problems faced by residents of riot-torn suburbs and a police chief said he feared the rioters were planning violent protests in central Paris.
Published 11 Nov, 2005 12:00am
Assad expects showdown with UN despite cooperation

Assad expects showdown with UN despite cooperation

President Bashar al-Assad promised on Thursday to cooperate with a UN inquiry into the killing of a former Lebanese prime minister, but said Syria would not sacrifice its own national interests in the process.
Published 11 Nov, 2005 12:00am
Russia, EU and US work on Iran nuclear proposal

Russia, EU and US work on Iran nuclear proposal

Russia, the United States and the European Union stepped up attempts on Thursday to end months of deadlock over Iran's nuclear programme. The powers sought to draft a proposal aimed at satisfying the world that Iran's nuclear intentions are peaceful, but
Published 11 Nov, 2005 12:00am
Bush extends Iran sanctions

Bush extends Iran sanctions

US President George W. Bush on Thursday extended for one year a range of financial sanctions first imposed on Iran in November 1979, the White House announced.
Published 11 Nov, 2005 12:00am
Taleban behead two civilians

Taleban behead two civilians

Taleban militants killed seven policemen and beheaded two civilians, while an Afghan soldier was shot dead after he opened fire on US troops, government and army officials said Thursday.
Published 11 Nov, 2005 12:00am
Bush offers condolences to Jordan's King

Bush offers condolences to Jordan's King

US President George W. Bush expressed condolences to Jordan's King Abdullah on Thursday after suicide bombings killed 57 people in Amman and said the United States and its allies must remain firm in the war on terrorism.
Published 11 Nov, 2005 12:00am
Iraq Qaeda says Amman hotels used by spies

Iraq Qaeda says Amman hotels used by spies

Iraq's al Qaeda said on Thursday it carried out bomb attacks on three international hotels in Amman because they were used by American and Israeli spies, according to an Internet statement.
Published 11 Nov, 2005 12:00am
India approves inquiry against Natwar

India approves inquiry against Natwar

India's cabinet Thursday approved the appointment of an inquiry to examine allegations that former foreign minister Natwar Singh benefited from the United Nations oil-for-food program for Iraq.
Published 11 Nov, 2005 12:00am
Dollar sits near two-year highs

Dollar sits near two-year highs

The dollar stood its ground near recent two-year highs against the euro and the yen on Thursday as dealers awaited US trade figures to provide short-term direction for the US currency.
Published 11 Nov, 2005 12:00am
Kuwait reports first cases of bird flu

Kuwait reports first cases of bird flu

A top Kuwaiti official announced Thursday the discovery of two birds infected with avian flu, the first cases to be reported in the Gulf region.
Published 11 Nov, 2005 12:00am
British Middle East policy 'key factor' in Muslim extremism

British Middle East policy 'key factor' in Muslim extremism

British foreign policy, especially in the Middle East, is a "key contributory factor" in pushing some members of the country's Muslim population towards extremism, an official report concluded Thursday.
Published 11 Nov, 2005 12:00am
Australia looks to deport convicted terrorists

Australia looks to deport convicted terrorists

Australia is considering stripping people of their citizenship if they are convicted of terrorist crimes, Prime Minister John Howard said on Thursday as parliament began debating tough new anti-terrorism laws.
Published 11 Nov, 2005 12:00am
UK authority on climate change at risk: scientist

UK authority on climate change at risk: scientist

Britain risks losing any international authority it has on climate change because of a poor track record in cutting its own greenhouse gas emissions, one of the country's top scientists said on Thursday.
Published 11 Nov, 2005 12:00am
Boeing jammer on track, under budget: US Navy

Boeing jammer on track, under budget: US Navy

An $8 billion Boeing Co led programme to develop a new airborne electronic attack aircraft is on track, under budget and should fly for the first time on September 1, 2006, Navy officials said on Tuesday.
Published 11 Nov, 2005 12:00am
Uzbek journalist says he was beaten in attack on press

Uzbek journalist says he was beaten in attack on press

A prominent independent journalist in Uzbekistan said on Wednesday he was beaten and doused with paint by unknown assailants in a new attempt by authorities to intimidate and silence the press.
Published 11 Nov, 2005 12:00am
Australian woman seeks right to sue over being born

Australian woman seeks right to sue over being born

A severely disabled 24-year-old woman asked Australia's High Court on Thursday to allow her to sue her mother's doctor for allowing her to be born. Alexia Harriton was born deaf, blind, physically and mentally disabled, and requires 24 hour a day care, th
Published 11 Nov, 2005 12:00am
'Japan can be military leader'

'Japan can be military leader'

Taiwan President Chen Shui-bian said in an interview Japan could be a political and military leader and that he wanted Tokyo to be a more aggressive presence in the Asia-Pacific region, Japan's Asahi newspaper reported on Thursday.
Published 11 Nov, 2005 12:00am
Muhammad Ali's appearance dispels fears over health

Muhammad Ali's appearance dispels fears over health

Boxing legend Muhammad Ali dispelled fears of ill health here Wednesday in his first public appearance since June, joking with US President George W. Bush as he was awarded the Presidential Medal of Freedom.
Published 11 Nov, 2005 12:00am
Vaughan or no Vaughan England hope to bounce back

Vaughan or no Vaughan England hope to bounce back

England are hoping to bounce back from their woeful build-up to the first Test against Pakistan in Multan starting on Saturday - whether or not injured skipper Michael Vaughan is playing.
Published 11 Nov, 2005 12:00am
Australia drop Katich, recall Symonds

Australia drop Katich, recall Symonds

Australia dropped struggling batsman Simon Katich and gave all-rounder Andrew Symonds a chance to revive his Test career Thursday as selectors named a 12-man squad for the second Test against the West Indies.
Published 11 Nov, 2005 12:00am
Pierce downs Dementieva

Pierce downs Dementieva

France's Mary Pierce, a two-time Grand Slam finalist this year, posted her second straight round-robin win at the WTA Tour Championships on Wednesday, downing Elena Dementieva in straight sets.
Published 11 Nov, 2005 12:00am
Pakistan to deploy 3,000 policemen for cricketers

Pakistan to deploy 3,000 policemen for cricketers

Pakistan would deploy 3,000 policemen and a team of sniffer dogs to ensure tight security for England's cricketers during the first Test in Multan. Uniformed and plainclothes police officers will cordon off the stadium in the central city - where a car bo
Published 11 Nov, 2005 12:00am
Tiger perfectly placed to pounce in Shanghai

Tiger perfectly placed to pounce in Shanghai

Tiger Woods shot an opening seven-under-par 65 at the HSBC Champions tournament here on Thursday to lie one shot off the three-way lead held by Australian Peter O'Malley, England's Nick Dougherty and Paul Lawrie of Scotland.
Published 11 Nov, 2005 12:00am
Pak-Algeria cooperation in oil and gas sector discussed

Pak-Algeria cooperation in oil and gas sector discussed

The Ambassador of Algeria Nadir Larboui paid a courtesy call on the Federal Minister for Petroleum and Natural Resources Amanullah Khan here on Thursday and exchanged view on promoting Pakistan-Algeria co-operation in the oil and gas sector.
Published 11 Nov, 2005 12:00am
IFAD considers $25 million loan for poor rural communities

IFAD considers $25 million loan for poor rural communities

The International Fund for Agricultural Development (IFAD) may provide dollars 25 million concessional loan to back Pakistan government's efforts to enabling economically active rural poor access to wide range of sustainable financial services and product
Published 11 Nov, 2005 12:00am
Gharibwal's new cement plant to go on stream by 2008

Gharibwal's new cement plant to go on stream by 2008

The new cement plant of Gharibwal Cement Limited will be commissioned and ready for production by 2008. Thereafter, once the new cement plant starts full-scale commercial operations, the company will, no doubt, enjoy a sustained period of profitability an
Published 11 Nov, 2005 12:00am
Work on TAP gas line to start in January 2006

Work on TAP gas line to start in January 2006

The construction of proposed gas pipeline from Turkmenistan to Pakistan across Afghanistan will start next year, despite continuing unrest in the region, an Afghan minister said on Thursday.
Published 11 Nov, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 10, 2005).

Published 11 Nov, 2005 12:00am
Six killed, 6 hurt along Pak-Afghan border

Six killed, 6 hurt along Pak-Afghan border

Six persons killed and six others were injured in landmine explosion along Pak-Afghan border on Thursday. According to details, terrorists had buried explosive device along a road in Brabchah area on Pak-Afghan border, some 70-km north of Dalbandin.
Published 11 Nov, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 10, 2005).

Published 11 Nov, 2005 12:00am
Rs 1 billion Picic Energy Fund by year-end

Rs 1 billion Picic Energy Fund by year-end

Picic Asset Management Company Limited is launching its Picic Energy Fund by December 2005 worth Rs 1 billion. The total mutual fund size would be Rs 1 billion. The Pre-Initial Public Offering would be Rs 750 million while Rs 250 million would be for the
Published 11 Nov, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 10, 2005).

Published 11 Nov, 2005 12:00am
Rs 1 billion Picic Energy Fund by year-end

Rs 1 billion Picic Energy Fund by year-end

Picic Asset Management Company Limited is launching its Picic Energy Fund by December 2005 worth Rs 1 billion. The total mutual fund size would be Rs 1 billion. The Pre-Initial Public Offering would be Rs 750 million while Rs 250 million would be for the
Published 11 Nov, 2005 12:00am
Rs 1 billion Picic Energy Fund by year-end

Rs 1 billion Picic Energy Fund by year-end

Picic Asset Management Company Limited is launching its Picic Energy Fund by December 2005 worth Rs 1 billion. The total mutual fund size would be Rs 1 billion. The Pre-Initial Public Offering would be Rs 750 million while Rs 250 million would be for the
Published 11 Nov, 2005 12:00am
Rs 1 billion Picic Energy Fund by year-end

Rs 1 billion Picic Energy Fund by year-end

Picic Asset Management Company Limited is launching its Picic Energy Fund by December 2005 worth Rs 1 billion. The total mutual fund size would be Rs 1 billion. The Pre-Initial Public Offering would be Rs 750 million while Rs 250 million would be for the
Published 11 Nov, 2005 12:00am
CITs told to expedite refund claims

CITs told to expedite refund claims

A Commissioner of Income Tax (CIT) has faced strict departmental action for creating hurdles in the issuance of refund to the taxpayer.
Published 11 Nov, 2005 12:00am
CITs told to expedite refund claims

CITs told to expedite refund claims

A Commissioner of Income Tax (CIT) has faced strict departmental action for creating hurdles in the issuance of refund to the taxpayer.
Published 11 Nov, 2005 12:00am
CITs told to expedite refund claims

CITs told to expedite refund claims

A Commissioner of Income Tax (CIT) has faced strict departmental action for creating hurdles in the issuance of refund to the taxpayer.
Published 11 Nov, 2005 12:00am
Pakistan condemns Amman blasts

Pakistan condemns Amman blasts

Pakistan on Thursday strongly condemned the heinous acts of terrorism, which claimed at least 57 lives in bomb blasts at three hotels in Jordanian capital Amman. A foreign office statement sharply condemning the attack said that Pakistani leaders had conv
Published 11 Nov, 2005 12:00am
Comstech moot postponed

Comstech moot postponed

President General Pervez Musharraf has postponed the upcoming 12th General Assembly meeting of Comstech which was scheduled to be held on November 22 to 24 at Islamabad.
Published 11 Nov, 2005 12:00am
Quake toll reaches over 86,000

Quake toll reaches over 86,000

The government on Thursday said that more than 86,000 people were killed by the October 8 earthquake, besides 100,000 wounded and 7 million displaced, but outright dismissed the possibility of breakout of cholera and other epidemics.
Published 11 Nov, 2005 12:00am
Donors pledge to reconstruct NWFP health infrastructure

Donors pledge to reconstruct NWFP health infrastructure

International donor agencies have pledged to extend all possible assistance in the reconstruction of health infrastructure, damaged by October 8 earthquake in NWFP. This pledge was made in a conference held at Abbottabad on Wednesday.
Published 11 Nov, 2005 12:00am
India delays opening of third crossing

India delays opening of third crossing

India postponed opening a third crossing between Azad and occupied Kashmir aimed at helping survivors of last month's earthquake, while the United Nations said sickness was spreading in tent camps.
Published 11 Nov, 2005 12:00am
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