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Print - 2006-03-28
Oil cake market rates

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Monday as most of the buyers made forward buying, dealers said. The May vaida commenced lower at Rs 494.80. later, it picked up Rs 2.00 to be day's best at Rs 496.80. During the day, it she
Published 28 Mar, 2006 12:00am
Femina expo in June

Femina expo in June

Femina Expo-2006 will create more awareness among women towards their health and beauty products standards in Pakistan, this was said by Abdul Karim Memon, Chief Executive, Saba Promoters while talking to reporters.
Published 28 Mar, 2006 12:00am
Trading remains depressed on cotton market

Trading remains depressed on cotton market

A few deals were seen on the cotton market on Monday ahead of the Trading Corporation of Pakistan (TCP)'s tender on 31, dealers said. The official spot rate was unchanged at Rs 2425, without upcountry expenses.
Published 28 Mar, 2006 12:00am
Urad Burma higher by Rs 100 on grain market

Urad Burma higher by Rs 100 on grain market

Some changes marked trading on the grain market on Monday due to balanced demand and supply from upcountry centres, dealers said. On the cereals side, Urad from Burma gained Rs 100 to Rs 1900. The Wheat Mexipak wheat old quoted at Rs 1125 and new at Rs 10
Published 28 Mar, 2006 12:00am
HRW wheat bids firmer

HRW wheat bids firmer

Hard red winter wheat basis bids were steady to firmer on Monday in the US Plains, with wheat movement slow and only spot demand noted, merchants said.
Published 28 Mar, 2006 12:00am
'Attacking Iran to be another blunder of US, allies'

'Attacking Iran to be another blunder of US, allies'

Attacking Iran would prove to be another blunder of America and its allies, as it would have dangerous impact on Gulf region as well as the entire world, said Saeeda Warsi, vice chairperson (cities) of the British Conservative Party and Special Advisor to
Published 28 Mar, 2006 12:00am
Brazilian new soya crop 37 percent harvested

Brazilian new soya crop 37 percent harvested

Producers had harvested 37 percent of Brazil's expected record 2005/06 soyabean crop - seen at 57.5 million tonnes - by March 24, analysts Celeres said on Monday.
Published 28 Mar, 2006 12:00am
PAEC and KRL get new bosses

PAEC and KRL get new bosses

The Government of Pakistan has appointed Anwar Ali as the new Chairman of Pakistan Atomic Energy Commission (PAEC) vice Pervez Butt, who will retire on completion of his tenure on April 5, 2006.
Published 28 Mar, 2006 12:00am
Ivory Coast cocoa arrivals seen up

Ivory Coast cocoa arrivals seen up

Cocoa arrivals at ports in Ivory Coast reached around 907,000 tonnes between October 1 and March 26, exporters contacted by Reuters estimated on Monday, and they expected mid-crop beans to boost arrivals within days.
Published 28 Mar, 2006 12:00am
PAEC and KRL get new bosses

PAEC and KRL get new bosses

The Government of Pakistan has appointed Anwar Ali as the new Chairman of Pakistan Atomic Energy Commission (PAEC) vice Pervez Butt, who will retire on completion of his tenure on April 5, 2006.
Published 28 Mar, 2006 12:00am
Hungary grain intervention may rise

Hungary grain intervention may rise

There may be a new wave of grain intervention offers in Hungary as the forint's recent weakness has made intervention prices more attractive, the Grain Association said on Monday.
Published 28 Mar, 2006 12:00am
PAEC and KRL get new bosses

PAEC and KRL get new bosses

The Government of Pakistan has appointed Anwar Ali as the new Chairman of Pakistan Atomic Energy Commission (PAEC) vice Pervez Butt, who will retire on completion of his tenure on April 5, 2006.
Published 28 Mar, 2006 12:00am
Taiwan gold futures firmer on first day

Taiwan gold futures firmer on first day

Taiwan's first gold futures contract closed firmer on the first day of trade on Monday, with investors watching to see if volumes would be high enough to attract continued interest.
Published 28 Mar, 2006 12:00am
KSE asked to expedite CFS modalities

KSE asked to expedite CFS modalities

The Karachi Stock Exchange (KSE) has been asked to speed up the process to finalise modalities to implement future cash settlement for 60, 90 and 120 days to help strengthen future counter in order to bolster transparency in the capital market.
Published 28 Mar, 2006 12:00am
CIF Gulf corn lower, soya and wheat steady

CIF Gulf corn lower, soya and wheat steady

US CIF Gulf corn nearby basis values were slightly lower on Monday due to a few elevators moving corn, while soyabeans and wheat were steady, traders said.
Published 28 Mar, 2006 12:00am
KSE asked to expedite CFS modalities

KSE asked to expedite CFS modalities

The Karachi Stock Exchange (KSE) has been asked to speed up the process to finalise modalities to implement future cash settlement for 60, 90 and 120 days to help strengthen future counter in order to bolster transparency in the capital market.
Published 28 Mar, 2006 12:00am
US Midwest bids for corn rise, soyabean flat

US Midwest bids for corn rise, soyabean flat

Spot basis bids for corn rose around the US Midwest on Monday as dealers tried to spur country movement, which has slowed in recent weeks due to low cash prices, grain dealers said.
Published 28 Mar, 2006 12:00am
KSE asked to expedite CFS modalities

KSE asked to expedite CFS modalities

The Karachi Stock Exchange (KSE) has been asked to speed up the process to finalise modalities to implement future cash settlement for 60, 90 and 120 days to help strengthen future counter in order to bolster transparency in the capital market.
Published 28 Mar, 2006 12:00am
Rs 168.20 billion borrowed for budgetary support till March 12

Rs 168.20 billion borrowed for budgetary support till March 12

The government budgetary borrowing from the banking system till March 12 has reached Rs 168.208 billion against the annual target of Rs 98 billion. Of this, the borrowing of the central government stood at Rs 160,967 million and the provincial governments
Published 28 Mar, 2006 12:00am
Singapore bunker fuel prices up

Singapore bunker fuel prices up

Singapore bunker prices rose on Monday, but premiums narrowed slightly to below $10 a tonne as buyers seek deliveries for further-out dates, traders said.
Published 28 Mar, 2006 12:00am
Rs 168.20 billion borrowed for budgetary support till March 12

Rs 168.20 billion borrowed for budgetary support till March 12

The government budgetary borrowing from the banking system till March 12 has reached Rs 168.208 billion against the annual target of Rs 98 billion. Of this, the borrowing of the central government stood at Rs 160,967 million and the provincial governments
Published 28 Mar, 2006 12:00am
Indian tea exports fall 29 percent

Indian tea exports fall 29 percent

Tea exports from India, the world's largest producer, fell 29 percent in January to 11.17 million kg from 15.83 million kg in the same month a year ago, the state-run Tea Board said on Monday.
Published 28 Mar, 2006 12:00am
Rs 168.20 billion borrowed for budgetary support till March 12

Rs 168.20 billion borrowed for budgetary support till March 12

The government budgetary borrowing from the banking system till March 12 has reached Rs 168.208 billion against the annual target of Rs 98 billion. Of this, the borrowing of the central government stood at Rs 160,967 million and the provincial governments
Published 28 Mar, 2006 12:00am
Indian wheat futures slip on new harvest, sugar up

Indian wheat futures slip on new harvest, sugar up

Indian wheat futures fell on Monday with fresh supplies arriving in the market, while sugar was up on speculative buying by investors who had sold the commodity at higher prices, traders said. Soyaoil was marginally down as supplies of mustard oil continu
Published 28 Mar, 2006 12:00am
Tanker nominations up at Basra oil terminal

Tanker nominations up at Basra oil terminal

March tanker nominations at Iraq's Basra oil facility has risen about 40 percent compared to early February, after power cuts and poor weather caused disruptions to exports, a port agent said on Monday.
Published 28 Mar, 2006 12:00am
Panama Canal tanker transit delays seen up to 4 days

Panama Canal tanker transit delays seen up to 4 days

Tankers transiting through the Panama Canal are expected to face delays of up to four days due to a backlog of vessels waiting to pass through, industry sources based in the region said on Monday.
Published 28 Mar, 2006 12:00am
Maersk 2005 net profit seen slightly up

Maersk 2005 net profit seen slightly up

Danish shipping and oil giant A.P. Moeller-Maersk is expected to post a slight rise in 2005 net profit excluding special items, due mainly to rising freight rates and higher oil prices.
Published 28 Mar, 2006 12:00am
BRIndex30 up 0.36 percent

BRIndex30 up 0.36 percent

The BRIndex30 on Monday closed at 12,494.86 with a net positive change of 44.66, or 0.36 percent. During the day, it registered the high of 12,629.74 and low of 12,452.76. The volume amounted to 402,617,000, being 93.9 percent of the total market, and 99.
Published 28 Mar, 2006 12:00am
Maersk 2005 net profit seen slightly up

Maersk 2005 net profit seen slightly up

Danish shipping and oil giant A.P. Moeller-Maersk is expected to post a slight rise in 2005 net profit excluding special items, due mainly to rising freight rates and higher oil prices.
Published 28 Mar, 2006 12:00am
BRIndex30 up 0.36 percent

BRIndex30 up 0.36 percent

The BRIndex30 on Monday closed at 12,494.86 with a net positive change of 44.66, or 0.36 percent. During the day, it registered the high of 12,629.74 and low of 12,452.76. The volume amounted to 402,617,000, being 93.9 percent of the total market, and 99.
Published 28 Mar, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 98,814 tonnes of cargo including 81,153 tonnes import and 17,661 tonnes export cargo including 3,288 containers during last 48 hours ending at 0700 hours on Monday.
Published 28 Mar, 2006 12:00am
40 killed in suicide attack on Iraqi army base

40 killed in suicide attack on Iraqi army base

A suicide bomber on Monday killed 40 people waiting outside an Iraqi army recruitment centre as US forces defended themselves against charges of attacking a Shiite mosque in Baghdad.
Published 28 Mar, 2006 12:00am
Copper edges down, zinc steady near peak

Copper edges down, zinc steady near peak

Copper prices softened on Monday on light Chinese selling, but they remained in sight of a fresh all-time high of $5,276 hit last week, while zinc held firm.
Published 28 Mar, 2006 12:00am
40 killed in suicide attack on Iraqi army base

40 killed in suicide attack on Iraqi army base

A suicide bomber on Monday killed 40 people waiting outside an Iraqi army recruitment centre as US forces defended themselves against charges of attacking a Shiite mosque in Baghdad.
Published 28 Mar, 2006 12:00am
Tokyo gold hits three-week high

Tokyo gold hits three-week high

Tokyo gold futures hit a three-week high on Monday, boosted by a strong dollar-based spot price, but they came off their highs as the yen's rebound forced investors to cut back positions.
Published 28 Mar, 2006 12:00am
Gold and silver higher in Asian trading

Gold and silver higher in Asian trading

Silver rose to its highest level in more than 22 years on Monday, driven by expectations of more demand for the precious metal, but gold failed to sustain last week's gains and capitalise on a weaker dollar.
Published 28 Mar, 2006 12:00am
Malaysian tin ends flat

Malaysian tin ends flat

Spot tin was unchanged at $8,100 a tonne on Monday after rising 3 percent to a 10-month high on Friday. Traders said the market could hold at around $8,100-$8,200 this week, given the narrowing of premium to the European prices.
Published 28 Mar, 2006 12:00am
Oil hovers near seven-week high in Asia

Oil hovers near seven-week high in Asia

Oil prices hovered near a seven-week high on Monday, pausing after renewed concerns over Nigerian production had helped drive prices above $64 a barrel and out of a narrow month-long trading range.
Published 28 Mar, 2006 12:00am
Vietnam to build rice stocks to boost prices

Vietnam to build rice stocks to boost prices

Vietnam, the world's second-largest rice exporter after Thailand, has allowed its top grain trading firms to obtain soft loans to stockpile three percent of expected exports this year to boost prices.
Published 28 Mar, 2006 12:00am
Ethiopia's 2005-06 coffee output seen at 400,000 tonnes

Ethiopia's 2005-06 coffee output seen at 400,000 tonnes

Ethiopia's coffee production is set to rise to an estimated 400,000 tonnes in 2005/06 (July/June) from 300,000 tonnes the previous season thanks to yields from new plantations, an official said.
Published 28 Mar, 2006 12:00am
East Asian grain: Korean corn buying seen active

East Asian grain: Korean corn buying seen active

South Korean grain importers are actively seeking US corn thanks to falls in the Chicago market, while Japanese buyers will stay quiet this week after covering much of their corn needs for April-June, traders said on Monday.
Published 28 Mar, 2006 12:00am
Malaysia's March 1-25 palm oil exports up

Malaysia's March 1-25 palm oil exports up

Exports of Malaysian oil palm products for March 1-25 stood at 853,838 tonnes, up 1.2 percent from the 843,660 tonnes it reported for February 1-25, cargo surveyor Society General de Surveillance said on Monday.
Published 28 Mar, 2006 12:00am
Asian rubber: Tokyo futures hit three-week high

Asian rubber: Tokyo futures hit three-week high

Tokyo rubber futures extended gains on Monday, underpinning the price of tyre-grade rubber in Southeast Asia as oil hovered near its highest level in seven weeks.
Published 28 Mar, 2006 12:00am
Malaysian palm oil prices flat

Malaysian palm oil prices flat

Malaysian crude palm oil futures ended flat on Monday, held back by weaker-than-expected export data for the first 25 days of March, traders said. "Stocks are high and buyers are a bit sidelined," one trader said.
Published 28 Mar, 2006 12:00am
Malaysia streamlines local flight routes

Malaysia streamlines local flight routes

Malaysia's government unveiled a plan on Monday to streamline its domestic routes, giving roles to state-controlled flag carrier Malaysian Airline System Bhd and low-cost airline AirAsia Bhd.
Published 28 Mar, 2006 12:00am
Drivers across EU will use common license

Drivers across EU will use common license

Drivers across the European Union will be able to use a common drivers licence in the coming years, doing away with more than 100 different versions as the EU moves to improve road safety and reduce fraud.
Published 28 Mar, 2006 12:00am
Lehman set to open in Dubai and Qatar

Lehman set to open in Dubai and Qatar

US investment bank Lehman Brothers plans to join the rush of investment banks setting up in the Middle East by opening offices in Dubai and Qatar this year, the bank said on Monday.
Published 28 Mar, 2006 12:00am
UAE and Exxon sign final deal on Upper Zakum oilfield

UAE and Exxon sign final deal on Upper Zakum oilfield

The United Arab Emirates and ExxonMobil Corp on Monday signed a final deal for the US major to take a 28-percent stake in the Opec producer's Upper Zakum oilfield, state oil firm ADNOC said.
Published 28 Mar, 2006 12:00am
Japan's parliament passes $686 billion budget

Japan's parliament passes $686 billion budget

Japan's parliament passed the nation's most austere budget for eight years Monday, marking another achievement for Prime Minister Junichiro Koizumi and his efforts to cut the huge public debt.
Published 28 Mar, 2006 12:00am
China slaps windfall tax on oil

China slaps windfall tax on oil

China has imposed a windfall profit tax on domestic crude oil sales with immediate effect, the government's top economic planning body said, without revealing how big the tax would be or how it would be applied.
Published 28 Mar, 2006 12:00am
China slaps windfall tax on oil

China slaps windfall tax on oil

China has imposed a windfall profit tax on domestic crude oil sales with immediate effect, the government's top economic planning body said, without revealing how big the tax would be or how it would be applied.
Published 28 Mar, 2006 12:00am
Counterfeiting a long-term threat to China's growth: US

Counterfeiting a long-term threat to China's growth: US

China is the biggest loser from intellectual property violations and needs to stamp out piracy to build global corporate champions, US Commerce Secretary Carlos Gutierrez said on Monday.
Published 28 Mar, 2006 12:00am
Goldman consortium might bid for Associated British Ports

Goldman consortium might bid for Associated British Ports

A consortium including Goldman Sachs is considering bidding for Britain's largest ports group Associated British Ports Plc, joining a growing list of offshore predators snapping up UK port operators.
Published 28 Mar, 2006 12:00am
ADB to launch several types of Asian currency unit

ADB to launch several types of Asian currency unit

The Asian Development Bank said on Monday it plans to launch several types of a theoretical Asian currency unit (Acu) comprising a basket of Asian currencies, and will announce details by the end of June.
Published 28 Mar, 2006 12:00am
EU approves Eni-led deal for control of Galp

EU approves Eni-led deal for control of Galp

The European Commission has formally approved the acquisition by Italian oil and gas group Eni and partners of a controlling stake in Portugal's Galp Energia, the EU executive said on Monday.
Published 28 Mar, 2006 12:00am
French business morale index slips in March

French business morale index slips in March

Morale among French businesses fell slightly in March, data showed on Monday, but bosses said they were optimistic about future growth in a sign mass student protests have not yet dented their confidence about the economy.
Published 28 Mar, 2006 12:00am
Global exchange must not own its clearer: Euronext

Global exchange must not own its clearer: Euronext

Any global exchange operator would need to ditch ownership of its clearing and settling operations as consolidation looks set to increase, an executive of Euronext said on Monday.
Published 28 Mar, 2006 12:00am
Bertelsmann to sell 50 percent stake in Sony BMG

Bertelsmann to sell 50 percent stake in Sony BMG

German media group Bertelsmann plans to sell its 50 percent stake in music company Sony BMG and its wholly owned music publishing arm to avoid a stock market listing, newspapers reported on Monday.
Published 28 Mar, 2006 12:00am
Siemens sells rest of Epcos

Siemens sells rest of Epcos

Siemens has sold its remaining stake in passive components maker Epcos for 90 million euros ($108 million), a day after it divested the rest of its shareholding in chipmaker Infineon.
Published 28 Mar, 2006 12:00am
Sony, two others to co-produce 45-nano chips

Sony, two others to co-produce 45-nano chips

Sony Corp, Toshiba Corp and NEC Electronics Corp have agreed to extend their existing co-operation in the development of advanced microchips to production, the Mainichi Shimbun newspaper said on Monday.
Published 28 Mar, 2006 12:00am
BAA to close oldest Heathrow terminal in 2008

BAA to close oldest Heathrow terminal in 2008

British airport operator BAA Plc said on Monday it would close the oldest terminal at London's Heathrow Airport after a new fifth terminal is completed in 2008.
Published 28 Mar, 2006 12:00am
India leads Asia in tourist spending growth: Visa

India leads Asia in tourist spending growth: Visa

Tourists to India spent $372 million on their Visa cards in the fourth quarter of 2005, a 25 percent rise from a year earlier, making India the fastest- growing Asia-Pacific market for international tourist spending, Visa said on Monday.
Published 28 Mar, 2006 12:00am
Japan government, BoJ jostle on monetary policy

Japan government, BoJ jostle on monetary policy

The government kept up pressure on the Bank of Japan on Monday to prevent it from raising interest rates too quickly, but the central bank governor insisted on keeping a free hand on monetary policy.
Published 28 Mar, 2006 12:00am
South Africa seeks retired, emigres to close skills gap

South Africa seeks retired, emigres to close skills gap

South Africa will urge retired professionals to go back to work and emigres to return as part of a strategy to tackle a gaping skills shortage, seen as the main obstacle to faster economic growth.
Published 28 Mar, 2006 12:00am
Vodafone locks horns with EU on roaming regulation

Vodafone locks horns with EU on roaming regulation

Vodafone Group Plc warned the European Union on Monday against rushing to bring in regulation to force down prices of mobile calls made abroad, wading into a red-hot debate that has bedevilled the sector.
Published 28 Mar, 2006 12:00am
Matsushita Electric to set up in-house finance firm

Matsushita Electric to set up in-house finance firm

Matsushita Electric Industrial Co said on Monday a wholly owned subsidiary will set up an in-house financial firm in Amsterdam in May to streamline its finance and foreign exchange transactions world-wide.
Published 28 Mar, 2006 12:00am
Parmalat sees better 2006 as profits rise

Parmalat sees better 2006 as profits rise

Italian dairy firm Parmalat boosted gross earnings 18.4 percent in the first two months of 2006 helped by new lines and higher-margin product sales, and said this year's results should be better than 2005.
Published 28 Mar, 2006 12:00am
Parmalat sees better 2006 as profits rise

Parmalat sees better 2006 as profits rise

Italian dairy firm Parmalat boosted gross earnings 18.4 percent in the first two months of 2006 helped by new lines and higher-margin product sales, and said this year's results should be better than 2005.
Published 28 Mar, 2006 12:00am
Microsoft appeals South Korea antitrust ruling

Microsoft appeals South Korea antitrust ruling

Microsoft Corp, appealed on Monday against a South Korean ruling that it should unbundle its media player and messaging service from its Windows software.
Published 28 Mar, 2006 12:00am
US Mirant eyes $1.2 billion Philippine deal

US Mirant eyes $1.2 billion Philippine deal

US power producer Mirant, which recently emerged from bankruptcy protection, plans to raise around $1.2 billion in a refinancing deal for its core Philippine assets, a source close to the matter said on Monday.
Published 28 Mar, 2006 12:00am
South Korea probes Hyundai

South Korea probes Hyundai

South Korea has barred about 10 officials at South Korea's top auto maker, Hyundai Motor Co, and its affiliates from leaving the country over a probe into suspected illegal political lobbying, a prosecution official said on Monday.
Published 28 Mar, 2006 12:00am
Australian shares finish firmer

Australian shares finish firmer

A burst of merger activity helped push Australian share prices to fresh record highs on Monday, with the key market index gaining nearly one percent, dealers said.
Published 28 Mar, 2006 12:00am
China to issue 40 billion yuan worth of treasury bonds

China to issue 40 billion yuan worth of treasury bonds

China's Ministry of Finance will issue 40 billion yuan ($5 billion) in treasury bonds from April 1 to fund infrastructure projects and supplement budgetary demands, it said in a statement seen on Monday.
Published 28 Mar, 2006 12:00am
China to issue 40 billion yuan worth of treasury bonds

China to issue 40 billion yuan worth of treasury bonds

China's Ministry of Finance will issue 40 billion yuan ($5 billion) in treasury bonds from April 1 to fund infrastructure projects and supplement budgetary demands, it said in a statement seen on Monday.
Published 28 Mar, 2006 12:00am
Taiwan stocks rise; techs and steel outperform

Taiwan stocks rise; techs and steel outperform

Taiwan stocks rose 0.71 percent on Monday, edging further away from a three-month low as Wall Street's gains fuelled buying in tech exporters like TSMC even after recent heavy selling by foreign investors.
Published 28 Mar, 2006 12:00am
Hong Kong shares up before Fed

Hong Kong shares up before Fed

Hong Kong stocks ended higher on Monday ahead of a US Federal Reserve meeting that some investors hope will signal interest rates are nearing a peak, pushing H-shares to their highest close in more than a month.
Published 28 Mar, 2006 12:00am
Jakarta shares close flat

Jakarta shares close flat

Indonesian share prices closed flat on Monday, consolidating after recent gains while banks were higher on hopes inflation data due out next week will keep the lid on interest rates, dealers said.
Published 28 Mar, 2006 12:00am
Philippines shares decline on profit-taking

Philippines shares decline on profit-taking

Philippines share prices closed 0.55 percent lower on Monday on profit-taking after recent gains took the benchmark index to its highest level in nearly seven years, dealers said.
Published 28 Mar, 2006 12:00am
Seoul shares gain on US rate hopes

Seoul shares gain on US rate hopes

Seoul shares rose for the third consecutive session on Monday, led by export-oriented technology firms such as Samsung Electronics, on hopes the US Federal Reserve would soon end its campaign of interest rate increases.
Published 28 Mar, 2006 12:00am
Malaysian shares rally

Malaysian shares rally

Malaysian share prices closed 0.26 percent higher on Monday on gains in construction on expectations of wide ranging benefits from the government's five-year development plan to be unveiled later this week, dealers said.
Published 28 Mar, 2006 12:00am
Thai share prices jump

Thai share prices jump

Thai share prices closed 0.34 percent higher on Monday, led by the energy stocks but the broader market was kept in check by the ongoing political turmoil ahead of Sunday's polls, dealers said.
Published 28 Mar, 2006 12:00am
Singapore shares close with slight gains

Singapore shares close with slight gains

Singapore share prices closed 0.28 percent higher on Monday boosted by gains in property stocks ahead of Wednesday's closing of bids for Singapore's first casino licence, dealers said.
Published 28 Mar, 2006 12:00am
New Zealand shares rise

New Zealand shares rise

New Zealand share prices rose 1.64 percent on Monday to a fresh record as leading stocks rose strongly and exporters gained on the continuing fall of the local currency, dealers said.
Published 28 Mar, 2006 12:00am
Chinese shares soar as Tianjin stocks shine

Chinese shares soar as Tianjin stocks shine

China's shares closed up 0.09 percent on Monday as investors bought heavily into companies based in Tianjin after the northern Chinese city pledged to build a model city in China's drive for sustained economic growth.
Published 28 Mar, 2006 12:00am
Nikkei rises on chance new fiscal year to spur buying

Nikkei rises on chance new fiscal year to spur buying

The Nikkei average rose 0.54 percent on Monday as firms with strong earnings prospects such as Honda Motor Co gained on chances they will benefit from new money entering the market at the start of Japan's fiscal year in April.
Published 28 Mar, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 69.14/71.65 (previous 69.15/71.72). Call Money Rates: 12.00-24.00 percent (previous 15.00-33.00 percent.
Published 28 Mar, 2006 12:00am
Indian rupee ends at 11-week low

Indian rupee ends at 11-week low

The Indian rupee ended at its lowest close in 11 weeks on Monday, driven down by dollar buying by state-run banks, which traders said was once again on behalf of the central bank.
Published 28 Mar, 2006 12:00am
EU report upbeat on growth, warns on house prices

EU report upbeat on growth, warns on house prices

Eurozone economic growth is gaining pace as domestic demand joins exports as an engine of growth but some countries need to watch soaring house prices, the European Commission said on Monday.
Published 28 Mar, 2006 12:00am
Swiss franc hovers near three-month low

Swiss franc hovers near three-month low

The Swiss franc hovered just above a three-month low against the single European currency in early trading on Monday, starting a week filled with economic data on a weak note.
Published 28 Mar, 2006 12:00am
Yen jumps as Japanese investors bring home funds

Yen jumps as Japanese investors bring home funds

The yen gained nearly 1 percent against the dollar on Monday as buying by Japanese investors before the current business year wraps up this week sparked a wave of short-covering.
Published 28 Mar, 2006 12:00am
Australian dollar lower

Australian dollar lower

The Australian dollar failed to unshackle itself from the woes of the New Zealand dollar, remaining close to multi-month lows against major currencies despite a slip in the US dollar.
Published 28 Mar, 2006 12:00am
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