Copper futures prices eased on Friday after striking copper miners in Mexico went back to work, dousing supply concerns that had driven the market higher this week.
USDA cotton export sales highlights for latest reporting week: Net Upland sales of 100,900 RB were 63 percent below the previous week and 75 percent under the prior 4-week average.
Pakistan and China are likely to adopt soon a comprehensive plan in the energy sector, under a framework agreement arrived at between the two countries last week.
The Chicago Board of Trade (CBoT) soyabean market rallied on Thursday, surpassing its 100- and 50-day moving averages, on a technical bounce after its recent fall, traders said.
Pakistan and China are likely to adopt soon a comprehensive plan in the energy sector, under a framework agreement arrived at between the two countries last week.
Raw sugar futures settled near session highs Thursday on trade and speculative buying as traders waited for news to provide the market with direction on its next move, brokers said.
Pakistan and China are likely to adopt soon a comprehensive plan in the energy sector, under a framework agreement arrived at between the two countries last week.
Indian soya oil consolidated gains on Friday on higher demand and a revision in base import prices of edible oils, while sugar extended a fall with more supplies arriving in the domestic market.
Opec is producing a surplus of about two million barrels per day, the oil cartel's president Edmond Daukoru said Friday. Daukoru did not say whether the organisation should cut its production by a similar amount as it heads into its meeting next week in V
Asian oil product swaps rallied on Friday, taking a cue from firmer crude, while the regrade improved on demand from Sri Lanka and a tight European market, traders said.
Oil prices rose for the fourth day in a row on Friday as dealers narrowed their focus to persistent geopolitical supply concerns, ignoring bloated US stocks.
A freedom fighters alliance in revolt-hit Indian occupied Kashmir urged visiting US President George W. Bush on Friday to push nuclear-armed India and Pakistan to demilitarise their zones of scenic Kashmir.
Chicago Board of Trade rough rice futures closed higher on Thursday, recovering from a weak open after the market held a key support level, traders said.
The Italian government's 100 million euro ($120.2 million) plan to help its poultry sector survive the bird flu crisis was rejected by President Carlo Azeglio Ciampi on Friday due to lack of funds.
Silver rose on Friday to match a 22-year high struck on Thursday, boosted by hopes that an exchange traded fund will be approved by US regulators and draw fresh investment to the market.
The number of non-EU countries that have slapped bans or restrictions on French poultry exports after an outbreak of bird flu had grown to 46 by Friday, the French trade ministry said.
Tokyo gold futures' key contract climbed as much as 1.7 percent on Friday, tracking the rise in New York, but it later gave up some of its gains as worries about currency market direction weighed on sentiment.
The Economic Co-ordination Committee (ECC) of the Cabinet has expressed doubts about the credibility of Statistics Division data on poverty reduction and unemployment.
US silver futures vaulted to a 22-year high on Thursday, amid aggressive commodity fund buying that boosted the precious metal over $10 an ounce ahead of a widely expected approval of a silver exchange-traded fund (ETF), sources said.
The Economic Co-ordination Committee (ECC) of the Cabinet has expressed doubts about the credibility of Statistics Division data on poverty reduction and unemployment.
US copper futures finished on Thursday with strong gains, adding to a day-earlier rally amid continued fund buying as the widespread strike at Mexico's mines and refineries entered its third day, traders said.
The Economic Co-ordination Committee (ECC) of the Cabinet has expressed doubts about the credibility of Statistics Division data on poverty reduction and unemployment.
Forecasts for rain in the US Plains were providing fresh hope for many US winter wheat farmers whose new crop has been hard hit by drought, but some wheat is too damaged to benefit much, wheat experts said on Thursday.
US Treasury Secretary John Snow said on Friday that Beijing needed to make more progress toward currency flexibility, and China's growing global role brought with it greater responsibility.
Chinese shares closed 0.59 percent higher in the last trading session of the week as institutional players rebuilt their positions in top Asian refiner Sinopec Corp.
The Nikkei average fell 1.55 percent on Friday as stronger-than-expected consumer price data raised concerns about a rise in borrowing costs, sending down Mitsubishi Estate Co Ltd and other property shares.
Thai share prices closed flat on Friday as investors adopted a wait-and-see stance ahead of major mass political rallies to be held during the weekend, dealers said.
Philippines share prices closed 0.34 percent lower on Friday as profit-taking set in after a four-day rally, dealers said. They said the market was due for a correction after four days of gains, as investors had taken account of President Gloria Arroyo's
Malaysian share prices closed 0.31 percent lower on Friday following Wall Street's lacklustre performance overnight and on concerns over inflation after fuel price hikes, dealers said.
US Treasury debt prices fell on Thursday after an interest-rate hike in Europe and a subdued trend in new US jobless claims underscored the outlook for more Federal Reserve rate hikes.
US Treasury debt prices fell on Thursday after an interest-rate hike in Europe and a subdued trend in new US jobless claims underscored the outlook for more Federal Reserve rate hikes.
US stocks fell on Thursday as oil prices increased sharply and Treasury bond yields rose, while same-store retail sales for February disappointed the market.
Hong Kong blue chips edged down on Friday as the Tokyo Nikkei average, which fell 1.55 percent, unsettled investors ahead of a raft of earnings reports due next week.
Singapore share prices defied a generally weaker regional trend and closed 0.53 percent higher on Friday, driven by gains in China-linked stocks, dealers said.
The Taiwan stock market fell 1.34 percent on Friday as Wall Street declined overnight on rising oil prices which dragged down shares like heavyweight Taiwan Semiconductor Manufacturing Co.
US trade officials have no plans to push for the privatisation of state-owned Dubai Ports World in free trade talks with the United Arab Emirates, the US Trade Representative's office said on Thursday.
The Indonesian government has announced a package of policies aimed at improving the investment climate, including a revision of the investment law, Economic Affairs Minister Budiono said.
Indonesian share prices closed 0.93 percent higher on Friday led by mining stocks, with blue chip Astra International extending its gains on hopes of better car sales, dealers said.
Indian officials snubbed the World Bank Friday, claiming it was a "blessing" it had suspended financial backing for a huge public transport project in the western city of Mumbai.
Europe's poultry industry counted the multi-million-dollar cost of the spread of bird flu in lost sales on Friday after US agencies urged more funds to fight a possible deadly human pandemic that could kill millions.
Intel Corp will supply chip technology for a new portable media device, under development with Microsoft Corp, which will be unveiled next week, the New York Times reported on Friday.
Ports in southern India and Sri Lanka have the potential to rival Singapore's dominance as Asia's shipping and marine fuels hub, if infrastructure concerns are overcome, a top shipping agent said on Friday.
South Korea's railways were hit by a crippling strike for a third day on Friday as workers reacted angrily to a management decision to suspend the jobs of more than 2,000 union members.
Eurozone economic growth may rebound more strongly than expected this year, the European Commission said on Friday, as data showed a drop in consumer demand and strong imports were behind weak growth at the end of 2005.
The Economic Co-ordination Committee of the Cabinet (ECC), which met under the chairmanship of Prime Minister Shaukat Aziz here on Friday, reviewed prices of essential commodities in the country and expressed satisfaction over their prices and availabilit
The European Commission gave France a two-week ultimatum on Friday to explain events that may have broken EU law leading up to a state-engineered merger of Gaz de France and Suez to create a "national energy champion".
The Economic Co-ordination Committee of the Cabinet (ECC), which met under the chairmanship of Prime Minister Shaukat Aziz here on Friday, reviewed prices of essential commodities in the country and expressed satisfaction over their prices and availabilit
Global manufacturing and service sector activity grew at the fastest pace in 19 months in February, enabling companies to crank up staff levels, an indicator based on national PMI surveys showed on Friday.
The Economic Co-ordination Committee of the Cabinet (ECC), which met under the chairmanship of Prime Minister Shaukat Aziz here on Friday, reviewed prices of essential commodities in the country and expressed satisfaction over their prices and availabilit
US consumer sentiment in February finished weaker than January on worries about the economy, which could crimp future spending, a report showed on Friday.
Sindh Home Minister Rauf Siddiqui on Friday announced prize money of Rs 5 million for the person, who would provide concrete evidence and assist arresting the culprits involved in March 02 bomb blast in Karachi.
Sindh Minister for Education and Literacy, Dr Hamida Khuhro, being Chairperson of Sindh Adabi Board, has sanctioned an amount of Rs 50,000 as a token financial help for five ailing writers of Sindhi literature.
Provincial government has provided funds for repair of tubewells lying idle in the district. The District Assembly Sanghar was given this information which met under the convenership of Naib Nazim Dr Mahmood Ahmed Rajput on Thursday.
Catholic Association President Herbert Fernandes has condemned the bomb blast near US Consulate took place on Thursday morning. He, in a statement here on Friday, said those involved in the acts of terrorism and causing damage to the human lives and publi
During the year under review the company's gross revenue and profit declined but lease income was very close to last year's. Financial charges also were on the lower side.
The Sindh High Court on Friday issued a notice to the Federal Interior Ministry for March 22, 2006 on petition of lawyer against the ban on his travelling for abroad. Furrukh Niaz submitted that FIA had placed his name in exit control list without issuing
During the year under review the company's gross revenue and profit declined but lease income was very close to last year's. Financial charges also were on the lower side.
Mir Nejib Rahman, Country Consumer Head of ABN Amro Bank and Naveed A Siddiqui, President & CEO of Oasis Travels signed an agreement to commemorate the alliance which entails an exclusive travel arrangement for ABN Amro Van Gogh-preferred banking customer
During the year under review the company''s gross revenue and profit declined but lease income was very close to last year''s. Financial charges also were on the lower side.
TeleCard's WLL service is playing a key role in the social and economic development of the country. The company has instituted a Special Business Unit (SBU) targeting corporate and SME clients along with facilitating the voice and data requirements of the
Marginal fall was seen in the interbank market on Friday with the rupee's modest slide versus the dollar, falling three paisa on the buying side at 59.94 and two paisa for selling at 59.95, monetary observers said.
City Nazim Syed Mustafa Kamal on Thursday strongly condemned the bomb blast and said that terrorist elements wanted to sabotage the large development work in Pakistan, particularly in Karachi through such heinous acts.
Marginal fall was seen in the interbank market on Friday with the rupee's modest slide versus the dollar, falling three paisa on the buying side at 59.94 and two paisa for selling at 59.95, monetary observers said.
A fire at Fruit and Vegetable Market in Tench Bhata area gutted over 300 kiosks causing a loss of more than Rs 10 million besides rendering more than 500 families jobless.
Eight persons including women were injured when the roof of a house collapsed at Pakki Thathi, Samanabad area here on Friday. Police said that people were sitting in the house of Allah Rakha for the condolence over the death of his son when suddenly the r
Roger Federer and Rafael Nadal, the top two players in the world, will clash for the first time since the French Open semi-finals in the Dubai Open final on Saturday.
Lahore High Court (LHC) on Friday adjourned for March 13 hearing of a petition of an ex-chief secretary Punjab seeking deletion of his name from the exit control list (ECL). Earlier, Deputy Attorney General requested for time to seek instructions from the
A leading Spanish medical company has agreed to sell its electro-medical equipment in Pakistan. 'Fedesa,' the manufacturer of dental equipment has entered into an agreement with Ross Brothers Limited to market its products in Pakistan.
Business community here has urged US President George W Bush to announce lifting of all economic sanctions during his visit, to provide direct free market access to Pakistani exporters. Top business leaders in a joint statement here urged the US President
Pakistan's envoy to London Dr Maleeha Lodhi has said Prime Minister Shaukat Aziz's 3-day first official visit to Britain would strengthen strategic partnership between the two countries.
The representatives and owners of poultry farms should adopt every precautionary measures to thwart any danger of bird flu virus. This was stated by the Adviser to Sindh Chief Minister on Environment, Muhammad Noman Saigal.
Pakistan will import sugar from other countries besides India to meet the future domestic requirement. Trading Corporation of Pakistan Chairman Asif Zaman stated this while talking to a private TV channel.
Secretary Education Sajid Hasan said on Friday that Canada would provide Rs 3 billion in the field of education particularly to impart training to the teachers. He said education standard would be raised across the country, a private TV channel reported.
The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Chief Commissioner, Islamabad Khalid Pervez on Friday reviewed the arrangements made for pollen allergy treatment camp to be held on March 5 at Aabara Community centre.
British parliamentarian, Lord Alex Carlile along with his delegation called on Federal Minister for Law, Justice and Human Rights Wasi Zafar here on Friday. During the meeting, both sides exchanged views on anti-terrorism laws in their countries.
Faisalabad livestock district officer said no bird flu virus had been detected in the district hence there is not need to get unnecessarily alarmed or panicky about the false rumours regarding the disease.