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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-05-20
CBOT rice closes lower

CBOT rice closes lower

Chicago Board of Trade rough rice futures closed lower on Thursday on a mild setback as the market was technically overbought, traders said. July rice ended 1-1/2 cent lower at $8.86 per hundredweight. The back months ended a penny lower.
Published 20 May, 2006 12:00am
Brazil cotton output seen growing

Brazil cotton output seen growing

Brazil's cotton production and exports in the 2006/07 crop year are seen growing, after contracting this year, due to reduced planting by the soy sector, which is in crisis, cotton exporters said.
Published 20 May, 2006 12:00am
Malaysian palm oil down

Malaysian palm oil down

Malaysian crude palm oil futures ended down on Friday in step with rival US soyaoil as the prospects of weaker exports in the first 20 days of May weighed on prices, dealers said.
Published 20 May, 2006 12:00am
Opec to maintain output, has room to cut: Iran

Opec to maintain output, has room to cut: Iran

Opec's June 1 meeting is likely to keep oil output unchanged though supply and demand figures suggest it should cut by up to 1.2 million barrels per day (bpd), Iran's Opec governor said on Friday.
Published 20 May, 2006 12:00am
BNP Paribas posts record profit in first quarter

BNP Paribas posts record profit in first quarter

BNP Paribas became the latest French bank to report a record first-quarter profit on Friday as higher revenues at its investment banking division drove a surge in earnings that beat forecasts.
Published 20 May, 2006 12:00am
BNP Paribas posts record profit in first quarter

BNP Paribas posts record profit in first quarter

BNP Paribas became the latest French bank to report a record first-quarter profit on Friday as higher revenues at its investment banking division drove a surge in earnings that beat forecasts.
Published 20 May, 2006 12:00am
Asia provides rare bright spot

Asia provides rare bright spot

Dell Inc, the world's top PC maker, said on Friday its Asia computer sales grew 30 percent in its first quarter, and forecast more strong growth in one of its few bright spots amid lacklustre global results.
Published 20 May, 2006 12:00am
Asia provides rare bright spot

Asia provides rare bright spot

Dell Inc, the world's top PC maker, said on Friday its Asia computer sales grew 30 percent in its first quarter, and forecast more strong growth in one of its few bright spots amid lacklustre global results.
Published 20 May, 2006 12:00am
Dell to use AMD chips, profit slumps

Dell to use AMD chips, profit slumps

Dell Inc late Thursday said it would begin using chips from Advanced Micro Devices Inc, sending shares of both companies higher. Shares of AMD rose surged more than 13 percent.
Published 20 May, 2006 12:00am
Dell to use AMD chips, profit slumps

Dell to use AMD chips, profit slumps

Dell Inc late Thursday said it would begin using chips from Advanced Micro Devices Inc, sending shares of both companies higher. Shares of AMD rose surged more than 13 percent.
Published 20 May, 2006 12:00am
German lower house backs post-war tax rise

German lower house backs post-war tax rise

Germany's lower house of parliament approved a controversial new budget law on Friday that paves the way for the country's biggest tax increase since World War Two.
Published 20 May, 2006 12:00am
German lower house backs post-war tax rise

German lower house backs post-war tax rise

Germany's lower house of parliament approved a controversial new budget law on Friday that paves the way for the country's biggest tax increase since World War Two.
Published 20 May, 2006 12:00am
German public sector wage deal reached

German public sector wage deal reached

German states and union negotiators have reached a wage deal that ends the country's biggest public sector strike in more than a decade, officials from both camps said on Friday.
Published 20 May, 2006 12:00am
Snow backs strong dollar

Snow backs strong dollar

US Treasury Secretary John Snow insisted on Friday there has been no weakening in the United States' commitment to a strong dollar and vowed to hold China's "feet to the fire" over promises to make its currency more flexible.
Published 20 May, 2006 12:00am
British Airways profit tops forecasts

British Airways profit tops forecasts

British Airways beat forecasts after higher ticket prices and demand for business-class flights offset soaring fuel costs to deliver a 27 percent rise in annual profits, sending its shares higher.
Published 20 May, 2006 12:00am
British Airways profit tops forecasts

British Airways profit tops forecasts

British Airways beat forecasts after higher ticket prices and demand for business-class flights offset soaring fuel costs to deliver a 27 percent rise in annual profits, sending its shares higher.
Published 20 May, 2006 12:00am
UK public finances post surprise surplus

UK public finances post surprise surplus

Britain's public finances unexpectedly swung into the black in April, marking a strong start to the new fiscal year, official data showed on Friday.
Published 20 May, 2006 12:00am
Nigeria lures Asian investors with oil rights

Nigeria lures Asian investors with oil rights

Nigeria sold 16 oil licences on Friday in return for promises by mostly Asian investors of $20 billion in new infrastructure, in a public sale that raised questions about transparency.
Published 20 May, 2006 12:00am
Major deals expected in world shipping this year

Major deals expected in world shipping this year

The world's shipping industry is heading for consolidation and this year the sector could see several record-breaking, billion-dollar acquisitions, a leading financier to the industry said on Friday.
Published 20 May, 2006 12:00am
Taiwan's Compal gets approval to investment in China

Taiwan's Compal gets approval to investment in China

The mobile device display arm of Compal Electronics Inc has received approval from the Taiwan government to invest US $21 million in the Shanghai arm of a subsidiary it recently acquired from Philips Electronics.
Published 20 May, 2006 12:00am
Turkey approves IMF-led welfare reform bill

Turkey approves IMF-led welfare reform bill

Turkish President Ahmet Necdet Sezer has approved a key IMF-backed social security reform bill, which brings all Turkey's welfare bodies under one roof, his office said on Friday.
Published 20 May, 2006 12:00am
EU to consider deeper tariff cuts in WTO talks

EU to consider deeper tariff cuts in WTO talks

The European Union said on Friday it would consider making deeper cuts to its farm import tariffs as part of a World Trade Organisation deal that risks running out of time soon.
Published 20 May, 2006 12:00am
Taiwan stocks off one-month low

Taiwan stocks off one-month low

Taiwan stocks rose 0.57 percent on Friday, bouncing from a one-month low, as small-cap growth issues like Cheng Uei stole the spotlight from tech blue chips that had suffered heavy selling by offshore investors.
Published 20 May, 2006 12:00am
Philippines shares slightly down

Philippines shares slightly down

Philippines share prices closed 0.96 percent lower on Friday after further losses on Wall Street overnight amid continued uncertainty over the outlook for US interest rates, dealers said.
Published 20 May, 2006 12:00am
Hong Kong shares soar

Hong Kong shares soar

Hong Kong stocks erased morning losses on Friday to close up 0.29 percent as investors bought recent decliners such as computer maker Lenovo Group Ltd and looked to upcoming initial public offerings.
Published 20 May, 2006 12:00am
US stocks sag on inflation

US stocks sag on inflation

US stocks tumbled on Thursday, with the Nasdaq suffering its longest losing streak in 12 years, as concern about inflation and rising interest rates kept investors wary after a sell-off on Wednesday.
Published 20 May, 2006 12:00am
Indian shares tumble nearly four percent

Indian shares tumble nearly four percent

Indian share prices closed down nearly four percent on Friday in volatile trade, the second straight big session loss, on a funds sell-off over US interest rate concerns, dealers said.
Published 20 May, 2006 12:00am
US Treasury prices finish firmer

US Treasury prices finish firmer

US Treasury prices rose on Thursday as indications of slowing growth helped to offset remarks by a Federal Reserve official suggesting that more rate hikes might be needed to curb growing inflationary pressure.
Published 20 May, 2006 12:00am
US Treasury prices finish firmer

US Treasury prices finish firmer

US Treasury prices rose on Thursday as indications of slowing growth helped to offset remarks by a Federal Reserve official suggesting that more rate hikes might be needed to curb growing inflationary pressure.
Published 20 May, 2006 12:00am
Jakarta shares weaken

Jakarta shares weaken

Jakarta share prices closed 0.56 percent lower on Friday as lingering concerns over rising US interest rates and a weakening rupiah outweighed a Moody's rating upgrades, dealers said.
Published 20 May, 2006 12:00am
Thai share prices dip

Thai share prices dip

Thai share prices closed 0.26 percent lower on Friday in line with falls on regional markets amid persistent fears that US interest rates will go higher, dealers said.
Published 20 May, 2006 12:00am
Singapore shares drop

Singapore shares drop

Singapore share prices closed 0.33 percent lower on Friday as the bourse tracked losses in the US and some regional markets amid persistent fears US interest rates will go higher, dealers said.
Published 20 May, 2006 12:00am
Nikkei rises, aided by GDP

Nikkei rises, aided by GDP

The Nikkei rose 0.42 percent on Friday as investors, encouraged by stronger-than-expected gross domestic product (GDP) data, picked up Canon Inc and other stocks that had recently declined.
Published 20 May, 2006 12:00am
Chinese stocks jump

Chinese stocks jump

Chinese shares rose 2.61 percent on Friday as investors bet on continued gains in the near term, snapping up blue chips such as top steel maker Baosteel.
Published 20 May, 2006 12:00am
Chinese yuan slumps as dollar gains

Chinese yuan slumps as dollar gains

China's yuan slumped sharply against the dollar on Friday, as the US currency maintained its strength globally. But traders say the yuan, which had briefly breached the barrier of 8.0 to the dollar on Monday for the first time in a dozen years, could soon
Published 20 May, 2006 12:00am
Indian rupee eases on oil demand

Indian rupee eases on oil demand

The Indian rupee headed back towards its lowest level this year on Friday as demand for dollars from oil importers and custodial banks compounded the impact of dollar gains on the global currency market.
Published 20 May, 2006 12:00am
Dollar inches up against yen

Dollar inches up against yen

The dollar edged up against the yen on Friday, erasing earlier losses on upbeat Japanese growth data, as investors felt that the dollar's sell-off in the past month may have gone far enough for now.
Published 20 May, 2006 12:00am
Dollar declines on Snow's comments

Dollar declines on Snow's comments

The dollar staged a broad fall on Thursday, giving up the previous day's gains after US Treasury Secretary John Snow again urged China to increase the yuan's flexibility.
Published 20 May, 2006 12:00am
Asian currencies weaker as banks positions

Asian currencies weaker as banks positions

Asian currencies were steady to weaker on Friday, hovering close to multi-month lows hit earlier this week as some banks covered short positions on the dollar after seeing the US currency rebound.
Published 20 May, 2006 12:00am
Hong Kong dollar falls

Hong Kong dollar falls

The Hong Kong dollar hit a three-week low on Friday afternoon after a rally in the US dollar against the yen sparked short covering on the greenback.
Published 20 May, 2006 12:00am
Fielding not Freddie behind shock draw: Strauss

Fielding not Freddie behind shock draw: Strauss

Andrew Strauss has insisted it was England's fielding not the captaincy of Andrew Flintoff which cost the home side the chance of going 1-0 up in their three-Test series against Sri Lanka.
Published 20 May, 2006 12:00am
Sharapova pulls out of Istanbul event

Sharapova pulls out of Istanbul event

Russia's 2004 Wimbledon champion Maria Sharapova was forced to withdraw from next week's Istanbul Open on Friday because she has failed to recover from a right ankle injury. The 19-year-old had originally replaced American Lindsay Davenport, who is also i
Published 20 May, 2006 12:00am
Gayle pleased after maiden home century

Gayle pleased after maiden home century

For a variety of reasons, Chris Gayle's 12th One-day International hundred meant a lot to him. The West Indies opening batsman, whose ferocious batting has won him many admirers around the world, hit 123 from 131 balls in the first ODI against India on Th
Published 20 May, 2006 12:00am
Stapenek moves into Hamburg last-four

Stapenek moves into Hamburg last-four

Radek Stepanek, the world number 16 from the Czech Republic, earned himself a great chance of only the second Masters Series final of his career by reaching the last four in the Hamburg Masters.
Published 20 May, 2006 12:00am
Experts urge Indonesia to pin down bird flu source

Experts urge Indonesia to pin down bird flu source

Experts are frustrated that investigations into a cluster of bird flu infections in Indonesia are moving too slowly, fearing a failure to pin down the source quickly may mean they miss a dangerous mutation of the virus.
Published 20 May, 2006 12:00am
Zimbabwe arrests opposition members, deports unionists

Zimbabwe arrests opposition members, deports unionists

Zimbabwe police arrested senior opposition politicians and deported South Africa's most powerful union boss on Friday as President Robert Mugabe's government pressed on with a crackdown against its critics.
Published 20 May, 2006 12:00am
Poor states seen escaping Kyoto climate caps

Poor states seen escaping Kyoto climate caps

Poor nations are seeking aid and technology to combat global warming with no expectation at UN climate talks that they will be forced to join rich nations and cut emissions of heat-trapping gases.
Published 20 May, 2006 12:00am
13 killed in Chinese firm fire

13 killed in Chinese firm fire

Thirteen people were killed and another seriously injured Friday in a fire at a textile firm in the southern Chinese city of Shantou, state media reported.
Published 20 May, 2006 12:00am
Indonesian foreign minister prods Iran on nuclear issue

Indonesian foreign minister prods Iran on nuclear issue

Indonesia wants Iran to be responsible in dealing with world concerns about its nuclear program, lest a crisis causes oil prices to go up and hurt developing countries, Jakarta's foreign minister said on Friday.
Published 20 May, 2006 12:00am
US military may send soldiers from Kuwait to Iraq

US military may send soldiers from Kuwait to Iraq

The US military is considering sending hundreds of soldiers from a force held in reserve in Kuwait into Iraq to provide extra security as Iraq prepares to seat a new government, a defence official said on Friday.
Published 20 May, 2006 12:00am
Pope disciplines prominent priest after abuse case

Pope disciplines prominent priest after abuse case

The Vatican said on Friday it had disciplined the ageing Mexican founder of an influential Catholic religious order who has been accused of sexual abuse, instructing him to retire to a life of "prayer and penitence".
Published 20 May, 2006 12:00am
North Korea may be preparing missile launch

North Korea may be preparing missile launch

North Korea may be preparing to launch a long-range ballistic missile that could reach parts of the United States, Japanese media reports said on Friday, but Japan's government said it did not believe a launch was imminent.
Published 20 May, 2006 12:00am
EU agrees to ban Tamil Tigers

EU agrees to ban Tamil Tigers

The European Union has agreed in principle to blacklist Sri Lanka's Tamil Tiger rebels as a "terrorist" group, EU diplomats said Friday, in a move the rebels said would only lead to war in the country.
Published 20 May, 2006 12:00am
Six officials to meet on Wednesday

Six officials to meet on Wednesday

Britain, France and Germany are expected to meet on Wednesday in London with American, Russian and Chinese officials to discuss a package of incentives for Iran if Tehran curbs its nuclear ambitions, European diplomats said.
Published 20 May, 2006 12:00am
EU presses Turkey on Cyprus, reform

EU presses Turkey on Cyprus, reform

European Enlargement Commissioner Olli Rehn pressed Turkey on Friday to open its ports and airports to traffic from Cyprus and speed up political reforms to keep accession talks on track.
Published 20 May, 2006 12:00am
Deal signed to send Malaysian into space

Deal signed to send Malaysian into space

Officials from Russia's arms export agency and Malaysia's defence ministry signed a contract Friday on sending a Malaysian into space for the first time to stay aboard the International Space Station (ISS), the arms export agency Rosoboronexport said.
Published 20 May, 2006 12:00am
Nuclear scientist to head oil ministry

Nuclear scientist to head oil ministry

Nuclear scientist Hussain al-Shahristani, a Shia, looked set to become Iraq's next oil minister in a unity government expected to be unveiled within the next 24 hours, negotiators said on Friday.
Published 20 May, 2006 12:00am
Iraqi leaders close in on government deal

Iraqi leaders close in on government deal

Negotiators in Iraq said they hoped to finalise the make-up of a unity government on Friday, the eve of an expected parliamentary vote to approve a new cabinet.
Published 20 May, 2006 12:00am
Strong earthquake hits off Indonesian island

Strong earthquake hits off Indonesian island

A strong earthquake with an estimated magnitude of 6.1 on the Richter scale struck Friday off the Indonesian island of Sulawesi, the observatory in Hong Kong said.
Published 20 May, 2006 12:00am
26 Vietnamese fishermen killed by typhoon

26 Vietnamese fishermen killed by typhoon

At least 26 Vietnamese fishermen died and 245 were unaccounted for late Friday after Typhoon Chanchu sank at least nine boats in the South China Sea, rescue and border guard officials said.
Published 20 May, 2006 12:00am
Prodi wins stamp of approval for new government

Prodi wins stamp of approval for new government

Italy's Prime Minister Romano Prodi survived a confidence vote in the Senate on Friday, winning the stamp of approval for his new government from the upper house of parliament where he has just two seats more than the opposition.
Published 20 May, 2006 12:00am
Tensions rise after Hamas aide caught with cash

Tensions rise after Hamas aide caught with cash

Rival Palestinian forces faced off at Gaza's border crossing with Egypt on Friday after a Hamas official was caught with 639,000 euros ($804,000) hidden in his clothing, authorities said.
Published 20 May, 2006 12:00am
Sterling slides versus dollar

Sterling slides versus dollar

Sterling retreated from this week's multi-month peaks versus a broadly stronger dollar on Friday, weighed down by profit-taking and by merger and acquisition related selling of the UK currency.
Published 20 May, 2006 12:00am
Dollar climbs on BoJ comments

Dollar climbs on BoJ comments

The dollar soared on Friday, climbing 1.5 percent against the Swiss franc, 1.25 percent versus the yen and nearly 1 percent on the euro as investors worried about Japanese rates and unwound short dollar positions.
Published 20 May, 2006 12:00am
Bonds: casino CDS fall on Polish disposal plans

Bonds: casino CDS fall on Polish disposal plans

The cost of credit protection on Casino fell on Friday after the French retailer said it wants to sell its Polish operations, believed to be worth at least $1.5 billion.
Published 20 May, 2006 12:00am
Bonds: casino CDS fall on Polish disposal plans

Bonds: casino CDS fall on Polish disposal plans

The cost of credit protection on Casino fell on Friday after the French retailer said it wants to sell its Polish operations, believed to be worth at least $1.5 billion.
Published 20 May, 2006 12:00am
Malaysian shares lower

Malaysian shares lower

Malaysian share prices closed 0.36 percent lower on Friday amid continued lacklustre trading in regional markets and fears the market may extend its falls next week, dealers said.
Published 20 May, 2006 12:00am
US Stocks: Friday's unofficial close

US Stocks: Friday's unofficial close

US stocks rose on Friday in a see-saw session as strength in tech stocks such as Dell Inc, offset a slide in shares of aluminium producer Alcoa Inc and other commodity-related companies. Computer maker Dell rose a day after it reported earnings in line wi
Published 20 May, 2006 12:00am
Seoul shares rebound

Seoul shares rebound

Seoul shares rose 0.5 percent on Friday, rebounding from seven-week lows hit earlier in the session, as investors picked up shares such as POSCO seen as oversold, amid cautious optimism that the worst of a recent sell-off would soon end.
Published 20 May, 2006 12:00am
Libya eyes investment, flour from US millers

Libya eyes investment, flour from US millers

Libya is looking to US millers to step into its domestic market to make good a shortfall of more than 900,000 tonnes of flour, a minister said on Friday.
Published 20 May, 2006 12:00am
High duties, gold prices hit Italy's jewellery trade

High duties, gold prices hit Italy's jewellery trade

High export duties, soaring gold prices and the strong euro have eroded Italy's dominant position in the world gold jewellery market and threaten to dent 2006 exports, the head of Italy's goldsmiths' federation said.
Published 20 May, 2006 12:00am
World oil falls below $69 as commodities slide

World oil falls below $69 as commodities slide

Oil fell below $69 a barrel on Friday, close to a five-week low, as renewed concern about rising inflation and slower economic growth prompted selling across commodity markets.
Published 20 May, 2006 12:00am
Russian grain harvest to fall

Russian grain harvest to fall

Russia's 2006 grain harvest will fall to 70-73 million tonnes from 78.2 million tonnes last year, the Agriculture Minister said on Friday, and analysts said the lower-than-expected forecast would help bolster prices.
Published 20 May, 2006 12:00am
New York cotton futures lower

New York cotton futures lower

Cotton futures ended lower Friday on steady speculative sales, with more liquidation by investment funds and weakness in other commodity markets seen pushing fibre contracts lower next week, analysts said.
Published 20 May, 2006 12:00am
London sugar higher

London sugar higher

London sugar futures closed higher on Friday boosted by a late flurry of fund buying, dealers said. Benchmark August finished up $5.00 at $481.00 per tonne, near the top of the day's range of $482.00 to $470.00. Total volume was 9,936 lots.
Published 20 May, 2006 12:00am
Metals down in kerb trade

Metals down in kerb trade

Copper ended afternoon kerb trading at the London Metal Exchange down 7.3 percent to $7,550 per tonne as investors, spooked by fear of rising inflation, pulled some money out of risky assets including commodities.
Published 20 May, 2006 12:00am
European gold and silver prices tumble

European gold and silver prices tumble

Gold and silver prices tumbled on Friday as a sharp rise in the dollar against major currencies sparked a major sell-off in the metals market, dealers said.
Published 20 May, 2006 12:00am
US MIDDAY: cocoa falls

US MIDDAY: cocoa falls

US cocoa futures settled in negative territory in active turnover Friday, depressed by broad-based selling in commodities amid a rebounding dollar, traders said.
Published 20 May, 2006 12:00am
US MIDDAY: coffee dips

US MIDDAY: coffee dips

Arabica coffee futures slid more than 1 percent Friday, weighed down by speculative liquidation in sympathy with sharp drops throughout the commodity sector, traders said.
Published 20 May, 2006 12:00am
US MIDDAY: sugar rebounds

US MIDDAY: sugar rebounds

Raw sugar prices bounced strongly on trade buying to settle higher Friday and wipe out losses that had sent the market to its lowest level in four months, analysts said.
Published 20 May, 2006 12:00am
US MIDDAY: wheat tumbles

US MIDDAY: wheat tumbles

Wheat futures on the Chicago Board of Trade tumbled early Friday on profit-taking after this week's 3-1/2-year highs and amid a broad-based commodities sell-off, traders said.
Published 20 May, 2006 12:00am
US MIDDAY: corn plunges

US MIDDAY: corn plunges

Corn futures on the Chicago Board of Trade fell to a one-week low early on Friday, taking their cue from other commodities in an industry-wide sell-off as a stronger dollar sparked speculative liquidation in hard assets, traders said.
Published 20 May, 2006 12:00am
US MIDDAY: copper slides

US MIDDAY: copper slides

US copper futures slumped almost 7 percent early on Friday, hitting limit-down after a flight of speculators from commodities for the second time in a week.
Published 20 May, 2006 12:00am
US MIDDAY: soyabeans sink

US MIDDAY: soyabeans sink

Soyabean futures at the Chicago Board of Trade sank early on Friday following the sell-off in all commodities as a stronger dollar sparked speculative liquidation in hard assets, traders said.
Published 20 May, 2006 12:00am
US MIDDAY: gold and precious metals fall

US MIDDAY: gold and precious metals fall

US benchmark gold futures plummeted 3.8 percent early on Friday, and other metals also sank heavily, as a stronger US dollar sparked speculative liquidation in the volatile hard assets, dealers said.
Published 20 May, 2006 12:00am
Bangladesh to participate in 'My Karachi' exhibition

Bangladesh to participate in 'My Karachi' exhibition

"We have invited Bangladesh to participate in full stream in the Exhibition 'My Karachi 2006', and we are positive that they are going to exhibit Bangladesh Pavilion in one of the main halls of Expo Centre, Karachi," said Haroon Farooki.
Published 20 May, 2006 12:00am
BBF gets 4-Star rating

BBF gets 4-Star rating

The Pakistan Credit Rating Agency (PACRA) has assigned a 4-Star fund rating (Category: Balanced Fund) to BSJS Balanced Fund Limited (BBF), which reflects a good performance relative to its peer. The rating is a composite measure of two factors namely a) r
Published 20 May, 2006 12:00am
BBF gets 4-Star rating

BBF gets 4-Star rating

The Pakistan Credit Rating Agency (PACRA) has assigned a 4-Star fund rating (Category: Balanced Fund) to BSJS Balanced Fund Limited (BBF), which reflects a good performance relative to its peer. The rating is a composite measure of two factors namely a) r
Published 20 May, 2006 12:00am
State of education

State of education

Maker has written comprehensively and well on the above subject. I, too, have observed the corruption and mismanagement of government managed schools and technical colleges closely.
Published 20 May, 2006 12:00am
Students in politics

Students in politics

Students are the future of any nation. Their upbringing is like the upbringing of the whole nation. If they are disciplined and organised, they are a symbol of a disciplined and organized nation.
Published 20 May, 2006 12:00am
Ever-spiralling prices

Ever-spiralling prices

The government chose the May Day to increase, once again, the petroleum products' prices, adding more to the miseries of the poor, labour and middle class that are already burdened heavily with the economic pressures.
Published 20 May, 2006 12:00am
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