Indian gold futures raced higher on Tuesday, as spot prices in Asia climbed above $500 an ounce. Soyaoil rose on firmer global prices but sugar dropped as crop arrivals picked up.
South Korean factory output rose a seasonally adjusted 1.0 percent in October, official data showed on Tuesday, a second straight monthly rise that supported the central bank's tightening bias and knocked bond prices lower.
European Union president Britain came under renewed pressure on Tuesday to secure a deal on the bloc's long-term budget in December, but diplomats were increasingly pessimistic about a possible compromise.
India's economy is set to grow 7.5 percent in the year to March, 2006, and Asia's third largest economy should see that rising to 10 percent in 2-3 years, Prime Minister Manmohan Singh said on Tuesday.
The world's poorest countries on Tuesday won more time to abide by global intellectual property rules such as trademarks and copyright, but a final deal on access to cheap medicines remained elusive.
Malaysia's state-controlled carmaker, Proton Holdings Bhd, reported a second straight quarterly loss on Tuesday, stung by its investment in an Italian motorbike firm, and poached a new boss from a rival.
Malaysia's state-controlled carmaker, Proton Holdings Bhd, reported a second straight quarterly loss on Tuesday, stung by its investment in an Italian motorbike firm, and poached a new boss from a rival.
State-backed Dubai Ports World agreed to buy UK ports and ferries group P&O for 3.3 billion pounds ($5.7 billion) on Tuesday, creating the world's third-largest ports company.
Turkey unveiled sweeping cuts in corporate, income and investment taxes on Tuesday, in a push to lure more investment to his EU candidate country amid intense rivalry among emerging markets.
Ukrainian President Viktor Yushchenko pledged on Tuesday to proceed with major market reforms and speed up privatisation to stimulate growth next year of up to 7 percent of gross domestic product.
Top mobile phone chip maker Texas Instruments Inc on Tuesday introduced a high-speed wireless chip for use by a wider set of mobile handset makers, especially in advanced Asian markets.
New US home sales hit a new record in October, while durable goods orders rose by 3.4 percent as aircraft demand surged, but non-transportation orders were barely changed, data on Tuesday showed.
Global economic growth quickened in the last few months and inflation is under control despite high world oil prices, the Organisation for Economic Co-operation and Development said on Tuesday.
Philippines share prices closed flat Tuesday following disappointing third quarter growth figures, dealers said. They said the market likely to take a breather after a three-day weekend and hitting eight-month highs last week. The markets were closed on M
Hong Kong blue chip stocks fell 0.8 percent on Tuesday following losses on Wall Street and on persistent concern about the impact of higher interest rates on the local property market.
Taiwan stocks fell 1 percent on Tuesday, retreating from the last session's more than 3-month high close as major electronics shares such as UMC followed their US counterparts lower.
US stocks fell on Monday as energy stocks, including Exxon Mobil Corp, tumbled on a big drop in oil prices and retailers lost ground on worries that a strong start to the holiday season may be fleeting.
Singapore share prices closed 0.25 percent lower on Tuesday on profit taking amid a dearth of fresh leads, dealers said. The Straits Times Index fell 5.66 points to 2,302.88. Volume was 574 million shares worth 537 million Singapore dollars (318 million U
Longer-dated US Treasury debt prices rose on Monday after a larger-than-expected decline in October existing home sales bolstered hopes for an end to the Federal Reserve's interest rate increases.
Longer-dated US Treasury debt prices rose on Monday after a larger-than-expected decline in October existing home sales bolstered hopes for an end to the Federal Reserve's interest rate increases.
Indonesian share prices closed 0.11 percent higher Tuesday as gains in market heavyweight Bank Mandiri offset selective profit-taking sparked by weaker regional markets, dealers said.
China's shares closed down 1.25 percent on Tuesday as investors sold companies that have joined Beijing's unpopular scheme to float $250 billion of non-traded state shares in listed firms, such as Shandong Dinghy Seeds.
Seoul shares ended lower on Tuesday for the first time in five sessions, as worries the market had overreached amid a record-setting rally pulled Samsung Electronics and Kookmin Bank lower.
Japan's Nikkei share average fell back from its highest point in nearly five years on Tuesday as concern about the strength of the US holiday shopping season helped drive down exporters such as Sony Corp.
Malaysian share prices closed 0.17 percent lower Tuesday, slipping below the psychologically important 900-point level as investors kept to the sidelines ahead of key economic data, dealers said.
Interbank buy/sell rates for the taka against the dollar on Tuesday. 65.85-65.88 (previous 65.85). Call Money Rates: 5.40-13.50 percent (previous 5.75-13.50 percent).
China's yuan closed at a post-revaluation closing high of 8.0796 to the dollar on Tuesday after the dollar tumbled on global markets overnight. The yuan, which was revalued by 2.1 percent on July 21 to 8.11 per dollar, has now appreciated a further 0.38 p
The Swiss franc firmed against the dollar in early trading on Tuesday as traders looked ahead to a string of data this week including Swiss gross domestic product numbers and the purchasing managers index.
The dollar rose against the euro and the yen on Tuesday on expectations that the advantage it derives from US interest rates will stay intact, and recouped some losses made the previous day on soft US home sales data.
The dollar posted sharp losses on Monday, weighed down by investment banks' month-end selling and expectations the European Central Bank will raise euro zone interest rates this week.
The Philippine peso strengthened to a 6-1/2 month high on Tuesday, breaking through 54 per dollar as banks sold dollars sent home by expatriate Filipinos when businesses opened after a three-day weekend.
Australian leg-spinner Shane Warne was on Tuesday found not guilty of dissent after being reported by the match umpires in the third cricket Test against the West Indies at the Adelaide Oval.
Brian Lara told the victorious Australian team they had a responsibility to play their cricket in the best spirit after what is seen as his final Test match in Australia here on Tuesday.
The players and officials of both Pakistan and England will wear Red Ribbons to mark the World Aids Day during the third Test match of the Bank Alfalah Cup Pak-Eng Cricket Series-2005, said a PCB release issued here on Tuesday.
Political heavyweight Sharad Pawar wrested control of India's cricket board on Tuesday, ending Jagmohan Dalmiya's hold on the country's richest sports body for more than two decades.
England's bid to build on the Ashes win over Australia has been given a boost with the announcement of a two-million-pound cash-injection for a 10-year programme to revitalise cricket in state schools.
Umpiring decisions blighted the final Australia-West Indies Test here, but Ricky Ponting said on Tuesday the current system should stay in place in cricket. As far as the Australian skipper is concerned the less technology the better.
Ricky Ponting believes Australia have righted a few wrongs from the Ashes loss to England with their 3-0 Test series clean sweep over the West Indies at Adelaide Oval on Tuesday.
Off-spinner Shoaib Malik and paceman Rana Navedul Hasan shared five wickets on Tuesday as England squandered an early advantage with some poor sweep shots on the opening day of final Test.
The Shanghai Co-operation Organisation, a new group led by China and Russia, is not keen on seeking out new members, the Russian presidential representative with the group said in an interview to RIA-Novosti news agency.
The death toll from one of China's biggest mining disasters in recent years neared 150 Tuesday, as angry relatives of the victims blamed the state-run mine's management for ignoring safety standards.
Dubai's international film festival opens next month, featuring films meant to bridge East-West differences in the presence of stars led by Morgan Freeman and Greek-French cult director Costa-Gavras.
Afghanistan will bid for more trade and investment at a G8-sponsored conference next week that will push its ambition to revive the ancient Silk Route between Europe and Asia, an official said Tuesday.
Rome's Tiber river threatened to breach its banks on Monday following days of unseasonably heavy rains that have caused the river to swell to its highest level in 50 years.
The appointment for the first time of a cleric to head Iran's most prestigious university has unleashed a storm of protest from many students, who say he is not qualified for the job, newspapers said on Tuesday.
Southern Africa's food crisis is worsening, with desperate people in badly hit areas eating roots and tree bark as aid funding falls short despite repeated appeals, officials said on Tuesday.
Zimbabwe, China and the Indian state of Maharashtra were named the world's worst violators of housing rights Tuesday by an advocacy group that branded forced evictions in Harare a crime against humanity.
An unknown Iraqi group issued a video showing four Western hostages, calling them "spies of occupying forces", Al Jazeera television reported on Tuesday.
Four Iranian pilgrims and a German woman were missing in Iraq on Tuesday after being seized by gunmen, in an apparent return to the dire security conditions foreigners faced from hostage takers in the country last year.
British Prime Minister Tony Blair put nuclear power back on the agenda on Tuesday when he launched a review of energy policy, pledging to decide by the middle of next year on how to fill a looming energy gap.
At least 60 people were killed when they were swept off the roof of a train into the river below as the train crossed a bridge in eastern Democratic Republic of Congo, local officials said on Tuesday.
Prime Minister Paul Martin launched an election campaign on Tuesday with a slim lead in the polls after his minority government was toppled in Parliament on Monday night over a corruption scandal.
In the first major ruling of Pope Benedict's reign, the Catholic Church on Tuesday imposed restrictions on homosexuals becoming priests, saying only men who had overcome "transitory" gay tendencies could be ordained.
President Mahmoud Abbas suspended his Fatah party primaries throughout the Palestinian territories on Tuesday in the face of violence and fraud that have underlined doubts about his grip on power.
Niger has accused aid agencies of exaggerating the threat of severe food shortages next year to boost their funds and threatened to expel any organisation operating without government blessing.
President Vladimir Putin's top security aide on Tuesday accused the West of deliberately stirring up trouble in Central Asia where Moscow is trying hard to recover the influence it held during the Soviet era.
Iraq's national security adviser said on Tuesday up to 30,000 US troops could leave Iraq early next year as the performance of local security forces improves.
The rupee snapped a two-day slide on Tuesday helped by the dollar's fall overseas on soft US home sales data, but demand for the US currency from local companies eyeing month-end payments limited gains.
Sterling fell against a strengthening dollar and was steady against the euro on Tuesday after softer than expected house price data, and flat monthly UK consumer credit figures.
The dollar rose towards this week's 27-month high against the yen and also edged up versus the euro on Tuesday on expectations that US economic data due later will cement expectations of rising US interest rates.
US stocks gained on Tuesday after stronger-than-expected consumer confidence data lifted hopes about holiday spending, while a rise in orders for the largest manufactured goods boosted industrial stocks, including aircraft maker Boeing Inc.
The cost of credit protection on ThyssenKrupp rose slightly on Tuesday after Fitch Ratings said it might cut the steelmaker's credit rating after it announced it would bid for Canada's Dofasco Inc.
The cost of credit protection on ThyssenKrupp rose slightly on Tuesday after Fitch Ratings said it might cut the steelmaker's credit rating after it announced it would bid for Canada's Dofasco Inc.
Indian share prices fell 0.71 percent Tuesday amid profit-taking after a strong run, dealers said. They said much of the sell-off was in the automobile, banking and consumer goods sectors, which gained sharply in previous trading sessions.
Britain's top shares closed higher on Tuesday, helped by buoyant US consumer confidence data and gains by online gamer PartyGaming and catering company Compass Group, but Barclays fell on a mixed trading update.
Schroders has broken new ground with the launch of a new fund that will trade futures, equities and currencies, to meet growing demand for investments in the commodity sector, the British fund manager said.
Many European Union farmers will opt to grow more grains after sweeping reforms to sugar policy were agreed last week although some may seek to tap into surging biofuels demand and plant rapeseed, industry sources said this week.
Oil fell on Tuesday after producer group Opec bent over backwards to assure consumers they would fill up their fuel tanks this winter. Opec's core Gulf producers appear determined to build up oil stockpiles in the United States, Europe and Japan to keep p
Iraq has issued a tender to transport 250,000 tonnes of US wheat bought from French trading company Dreyfus under the country's first free on board (FOB) commodities import deal, shippers said on Tuesday.
Cotton futures settled marginally higher Tuesday on light buying by small speculators in quiet trade, with fiber waiting for leads to give it direction for the next move, brokers said.
London Metal Exchange (LME) copper prices hit a new record high on Tuesday on fund buying, which also pushed lead to a fresh record high and zinc and aluminium to their highest in more than a decade, dealers said.
Gold spiked above $500 an ounce for the first time in 18 years on Tuesday and platinum surpassed $1,000, the highest in more than two-and-a-half decades, fuelled by heavy fund buying.
Gold spiked above $500 an ounce for the first time in 18 years on Tuesday and platinum surpassed $1,000, the highest in more than two-and-a-half decades, fuelled by heavy fund buying.
Gold spiked above $500 an ounce for the first time in 18 years on Tuesday and platinum surpassed $1,000, the highest in more than two-and-a-half decades, fuelled by heavy fund buying.
US cocoa futures settled lower Tuesday in moderate business on some light speculative sales as the market remained in a range after last week's short-covering rally, brokers said.
Raw sugar prices settled mixed Tuesday as profit-taking hit the market to erase gains from a rally that hoisted the sweetener to contract highs, brokers said.
Wheat futures at the Chicago Board of Trade were higher early on Tuesday on short covering and a decline in US winter wheat condition ratings, traders said.
Corn futures at the Chicago Board of Trade fell to four-year lows on Tuesday amid technical selling and concerns about the impact bird flu may have on feed demand, traders said.
US copper futures rose to new contract highs early on Tuesday when funds bought the industrial metal following a larger-than-expected jump in US orders and US housing data, traders said.
Soyabean futures at the Chicago Board of Trade fell early on Tuesday as worries about a possible decline in feed demand due to the spread of bird flu in Asia sparked technical selling by commodity funds, traders said.
Profit taking pressured gold in early New York trading Tuesday after prices topped $500 an ounce overnight for the first time in 18-years, rewarding weeks of fervent buying by investors and short-term speculators.
A 15-member Turkish trade delegation will visit Federation of Pakistan Chambers of Commerce and Industry (FPCCI) here on Thursday for a business meeting with FPCCI members.
Mukhtar Mai, a victim of Meerwala gang-rape, has said that she has no intention or aim to marry, as she has decided to devote her life and energies for the cause of oppressed women and education.
A delegation from Istanbul Chamber of Commerce, headed by its President Murat Yalcintas, is scheduled to visit the Karachi Chamber of Commerce and Industry (KCCI) to hold a meeting with the members on Wednesday at 3 pm at Majeed Bawany Auditorium, Aiwan-e
Inter-Services Public Relations (ISPR) Director General Major General Shaukat Sultan has said the government is making all out efforts to ensure protective measures in the quake-hit areas against severe winter.
Prime Minister Shaukat Aziz stressing the need for enhancing trade and investment between Pakistan and Turkey, said that the links between the private sectors of the two countries should be further strengthened.
"We have been determined, as a government to ensure that the money is not just pledged but is spent to benefit those most severely affected by the recent earthquake in Pakistan, and Azad Jammu and Kashmir", says British Minister for State at Foreign and C
The Sindh High Court on Tuesday granted bail to a suspended police officer in fake police recruitment case. Acting DSP, Syed Rashid Iqbal, in-charge of DSP Headquarters in SRP Gulshan base-II, along with other, is charged with appointing police constables
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