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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-05-30
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 30 May, 2006 12:00am
Privatisation plan will remain on track: Prime Minister

Privatisation plan will remain on track: Prime Minister

Prime Minister Shaukat Aziz on Monday announced that despite moving the court of law by an individual against Pakistan Steel Mills (PSM) sell-off, the government''s future privatisation plan will remain on track.
Published 30 May, 2006 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 30 May, 2006 12:00am
Privatisation plan will remain on track: Prime Minister

Privatisation plan will remain on track: Prime Minister

Prime Minister Shaukat Aziz on Monday announced that despite moving the court of law by an individual against Pakistan Steel Mills (PSM) sell-off, the government's future privatisation plan will remain on track.
Published 30 May, 2006 12:00am
Privatisation plan will remain on track: Prime Minister

Privatisation plan will remain on track: Prime Minister

Prime Minister Shaukat Aziz on Monday announced that despite moving the court of law by an individual against Pakistan Steel Mills (PSM) sell-off, the government's future privatisation plan will remain on track.
Published 30 May, 2006 12:00am
Pakistan Horticulture Development & Export Board

Pakistan Horticulture Development & Export Board

The world export market for horticulture produce is estimated at US$ 80 billion, of which Pakistan's share is minimal, just around US$ 140 million. The Pakistan Horticulture Development and Export Board have been created due to the enormous potential but
Published 30 May, 2006 12:00am
KINNOW

KINNOW

Before describing the 'Kinnow' a member fruit of the citrus family, a short historical recital on the citrus family will be of interest to readers. It is an admitted fact that most citrus species originated in Asia, around the Khasia Hills of Assam and so
Published 30 May, 2006 12:00am
National Kinnow Gala 2006

National Kinnow Gala 2006

Kinnow is among the main exportable horticulture commodities from Pakistan. Annual production of kinnow on an average is estimated around 2 million tons. However, Pakistan reaped a bumper crop in 2005/06 much higher than the average figure.
Published 30 May, 2006 12:00am
Message from Chairman PHDEB

Message from Chairman PHDEB

I extend my congratulations and gratitude to all our stakeholders and partners in making this dream of achieving a record target of 2,00,000 tons of export of Kinnow come true. The Government is placing great emphasis in creating investment friendly envir
Published 30 May, 2006 12:00am
Message from Secretary Commerce

Message from Secretary Commerce

It is heartening to note that Pakistan Horticulture Development and Export Board is organising a National Kinnow Gala and Excellence Award Ceremony to acknowledge the significant contribution of all the stakeholders in achieving the all time high record o
Published 30 May, 2006 12:00am
Message from Commerce Minister

Message from Commerce Minister

I am pleased to note that PHDEB is organising a Kinnow show on 30-05-2006 to celebrate the record Kinnow export during 2005-06. This achievement has been possible due to the benevolence of the Almighty Allah for providing ideal conditions for Kinnow crop
Published 30 May, 2006 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

I compliment the Pakistan Horticulture Development & Export Board (PHDEB) on their initiative to organise a National Kinnow Gala. This step would provide due exposure to the special status that Kinnow mandarin orange enjoys in the international markets an
Published 30 May, 2006 12:00am
Message from President of Pakistan

Message from President of Pakistan

It is matter of immense pleasure to note that the export of Kinnow has surpassed all the previous records and new markets has been tapped for this unique fruit. My felicitations to the growers, processors, exporters, freight-forwarders and other stakehold
Published 30 May, 2006 12:00am
Introduction of Haji Muhammad Rafiq Giga

Introduction of Haji Muhammad Rafiq Giga

Haji Muhammad Rafiq is a dynamic personality. He is the member of the Swiss Business Council, Dubai, member of the Advisory Board of Sir Syed University of Engineering & Technology in Pakistan, Vice Chairman of Al Ghurair Giga Gold Refinery and Managing D
Published 30 May, 2006 12:00am
Mission statement

Mission statement

To be a high-value partner for our customers providing them with innovative products, professional support and services while meeting our obligations to society and the environment
Published 30 May, 2006 12:00am
Al-Ghurair group and Giga group

Al-Ghurair group and Giga group

The indigenous construction industry is playing its vital role in this field. However there is a lot of potential for quality builders of international repute to enter the scene and play their role.
Published 30 May, 2006 12:00am
Economic boom nad foreign construction companies in Pakistan

Economic boom nad foreign construction companies in Pakistan

The economic boom is making its presence felt in every walk of life. The growing prosperity has given rise to phenomenal growth of real estate business. Every citizen desires to be happy and prosperous. Home is the dream of every person.
Published 30 May, 2006 12:00am
Present day Dubai

Present day Dubai

Dubai has been quick to adapt to the introduction of e-commerce and the rapid technological development of recent years. The establishment of Dubai Internet City, in October 2000, and Dubai Media City, in January 2001, has ensured that the majority of the
Published 30 May, 2006 12:00am
My vision - challenges in the race for excellence

My vision - challenges in the race for excellence

A new book by His Highness Sheikh Mohammad bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, offers a detailed account of the vision that transformed Dubai and the UAE into international hubs for commerce and finance.
Published 30 May, 2006 12:00am
A unique account of Dubai's development

A unique account of Dubai's development

Described by reviewers as one of the most important books published in the Middle East in the past 50 years, this book is primarily about developments as four of the five parts of the title carry the word 'development'. The fifth, The Road to the Future,
Published 30 May, 2006 12:00am
Oil cake market rates

Oil cake market rates

Downward trend was seen on the forward cottonseed oilcake market on Monday as leading buyers were conspicuous by their absence, dealers said.
Published 30 May, 2006 12:00am
No deal reported on cotton market

No deal reported on cotton market

Firm trend was seen on the cotton market on Monday as prices did not fluctuate sharply amid lacklustre activity, dealers said. The Karachi Cotton Association (KCA) official rate was unchanged at Rs 2450, without upcountry expenses. Tug-of-war over the pri
Published 30 May, 2006 12:00am
Europe's vegetable oil market slow

Europe's vegetable oil market slow

Europe's vegetable oil market was slow on Monday due to a lack of fresh leads as the Chicago Board of Trade was closed for a public holiday, traders said.
Published 30 May, 2006 12:00am
Brazilian coffee areas warm, dry

Brazilian coffee areas warm, dry

Brazilian coffee areas started the week warm and dry with no intense cold forecast during the first 10 days of June, private forecaster Somar said on Monday. Conditions are ideal for harvesting.
Published 30 May, 2006 12:00am
Chinese April copper imports down

Chinese April copper imports down

China's imports and exports of metals mostly slowed in April, with refined copper imports for the month falling 33.2 percent from a year before to 71,106 tonnes, official Customs figures showed on Monday.
Published 30 May, 2006 12:00am
Russian weekly grain market report

Russian weekly grain market report

Russian grain prices remained largely stable with little activity last week, while sunseed and sunoil prices kept rising, traders said. The spring sowing campaign progressed at a record slow pace.
Published 30 May, 2006 12:00am
Serbia's wheat crop output at 10-year low

Serbia's wheat crop output at 10-year low

Serbia's Union of Co-operatives said on Monday the country was likely to produce only around 1.5 million tonnes of wheat this year, the lowest in 10 years, and would have to import to meet demand.
Published 30 May, 2006 12:00am
Plan to brand Assam tea raises quality concerns

Plan to brand Assam tea raises quality concerns

Once the envy of tea growers world-wide, the north-eastern Indian state of Assam hopes to reclaim lost pride with special branding for its strong-flavoured tea. But tea growers would do better to focus on quality.
Published 30 May, 2006 12:00am
Ukraine grain exports seen down

Ukraine grain exports seen down

Ukraine's 2006/07 grain exports are likely to sink to 9.89 million tonnes from 12.3 million in 2005/06 because of a smaller harvest in 2006, leading UkrAgroConsult consultancy said on Monday.
Published 30 May, 2006 12:00am
India's STC may seek more time from bidders for wheat

India's STC may seek more time from bidders for wheat

India's State Trading Corp may ask two firms including Australia's AWB Ltd, whose bids were accepted for the supply of wheat, to extend the validity period on their offers by one or two days, a government official said on Monday.
Published 30 May, 2006 12:00am
Jute goods move both ways on Jodia Bazar

Jute goods move both ways on Jodia Bazar

The trading on jute goods twine moved both ways on Jodia Bazar here on Monday. The following changes were seen in the jute goods twine 20x3 Brown up 25 paisa to Rs 39.75, 16x3 CRT/Indus up 25 paisa to Rs 39.75, and Hessian cloth 45x10 Amin down Rs 25 to R
Published 30 May, 2006 12:00am
Guwar, gram dal turn lower on grain market

Guwar, gram dal turn lower on grain market

Small business was seen on the grain market on Monday as most of the buyers kept on the sidelines due to little interest in fresh deals, dealers said.
Published 30 May, 2006 12:00am
Ukraine ore plant boots output

Ukraine ore plant boots output

Ukraine's large ore concentration plant Tsentralniy GOK increased iron concentrate output by 6.8 percent to 1.847 million tonnes in January-April 2006 compared with the same period in 2005, the company said on Monday. The company said it had produced 475,
Published 30 May, 2006 12:00am
China ready to accept 19 percent iron ore price hike

China ready to accept 19 percent iron ore price hike

Chinese steel mills have decided to accept a 19 percent price hike for iron ore, putting an end to months of negotiations with the world's top miners, including Brazil's CVRD, industry sources said late on Monday.
Published 30 May, 2006 12:00am
France grain offers rise

France grain offers rise

French cereals office ONIC said on Monday the volume of grain offered into intervention stores now stood at 600,352 tonnes, up 18,800 on last week. The total comprised 323,097 tonnes of wheat and 277,255 tonnes of barley, ONIC said. The volume of wheat of
Published 30 May, 2006 12:00am
Singapore container liner NOL's April cargo rises

Singapore container liner NOL's April cargo rises

Neptune Orient Lines, the world's sixth-biggest container liner, carried 3 percent more containers on its ships in the four weeks to May 5, after a decline earlier in the year.
Published 30 May, 2006 12:00am
Indonesia trims nickel output

Indonesia trims nickel output

The Indonesian unit of Canadian nickel producer Inco Ltd said on Monday its nickel matte output is expected to drop by 1 million pounds a week due to a fire at one of its four smelters last week.
Published 30 May, 2006 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Monday as its premium to fuel oil cargo values held stable on poor demand, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $334-$336 a tonne, down $2 from Friday's Asian close, with the differential
Published 30 May, 2006 12:00am
Activity Karachi and Qasim ports

Activity Karachi and Qasim ports

The Karachi Port handled 170,670 tonnes of cargo including 152,398 tonnes import, 18,272 tonnes export cargo and 2,899 containers during last 24 hours ending at 0700 hours on Monday.
Published 30 May, 2006 12:00am
Malaysian tin ends flat

Malaysian tin ends flat

Malaysian tin was flat on Monday, narrowing its huge premium over the tin price on the London Metal Exchange (LME) after a sharp rise in London.
Published 30 May, 2006 12:00am
Shanghai copper creeps higher

Shanghai copper creeps higher

Shanghai copper futures rose on Monday, tracking gains in London Metal Exchange copper prices late last week, but trade was relatively thin due to a market holiday in London and New York.
Published 30 May, 2006 12:00am
Tokyo gold caught between Comex gains

Tokyo gold caught between Comex gains

Tokyo gold futures moved in a relatively narrow range on Monday, supported by gains in New York but capped by the yen's recovery against the dollar.
Published 30 May, 2006 12:00am
Gold trades narrowly to hold pre-holiday gain

Gold trades narrowly to hold pre-holiday gain

Gold see-sawed in a narrow band on Monday, holding most of the previous US session's late gains with the help of a weaker US dollar. Dealers said they saw little beyond the hobbled greenback to drive gold above key chart resistance mark of $655.00 an ounc
Published 30 May, 2006 12:00am
Asian oil futures

Asian oil futures

Oil futures on the Tokyo Commodity Exchange (TOCOM) fell across the board on Monday, dragged down by a slide in gasoline futures due to an expected rise in domestic gasoline supplies after the completion of planned maintenance at some refineries.
Published 30 May, 2006 12:00am
Asian products outlook: demand to buoy distillates

Asian products outlook: demand to buoy distillates

Asian distillates are set to strengthen this week, helped by stronger demand and persistent supply tightness, but fuel oil is expected to soften on heavy inflows, traders said.
Published 30 May, 2006 12:00am
Ukraine may double rapeseed crop in 2006

Ukraine may double rapeseed crop in 2006

Ukraine's rapeseed crop is likely to jump to 500,000 tonnes in 2006 from 285,000 in 2005 due to a higher sowing area, Ukraine's vegetable oil producers' union Ukrpoliyaprom said on Monday.
Published 30 May, 2006 12:00am
Indian sugar and soya futures fall

Indian sugar and soya futures fall

Indian sugar, soy and wheat futures dropped on Monday after the arrival of annual monsoon ahead of schedule in the south-western coast and showers in some oilseed growing regions.
Published 30 May, 2006 12:00am
Indonesian cocoa bean exports down

Indonesian cocoa bean exports down

Cocoa bean exports from Indonesia's main growing area on Sulawesi island fell by 59 percent in the first four months of 2006 compared with a year ago due to limited stocks, industry data showed on Monday.
Published 30 May, 2006 12:00am
Thai sugar trade still thin as pressure on price mounts

Thai sugar trade still thin as pressure on price mounts

Sugar trade in Thailand was expected to be thin over the next few weeks with prices under pressure from falling London futures prices and sluggish overseas demand, traders said on Monday.
Published 30 May, 2006 12:00am
East Asian grain buyers eye corn and soyabeans

East Asian grain buyers eye corn and soyabeans

After staying away from the market for a long time because of high prices and weak demand, Asian grain and oilseed importers are likely to look for corn and soyabeans this week, traders said on Monday.
Published 30 May, 2006 12:00am
Malaysian palm oil down on weak exports

Malaysian palm oil down on weak exports

Malaysian crude palm oil futures ended lower on Monday, with sentiment soured by rising production, lower exports and a slightly firmer ringgit currency. Volumes were healthy despite an absence of electronic trading on the Chicago Board of Trade due to th
Published 30 May, 2006 12:00am
Alcotexa sells cotton

Alcotexa sells cotton

The Alexandria Cotton Exporters' Association (Alcotexa) said on Monday it had committed to sell 651 tonnes of cotton in the week which ended on May 27. Alcotexa figures showed sales of 21 tonnes of Giza 70, 100 tonnes of Giza 88 and 530 tonnes of Giza 86.
Published 30 May, 2006 12:00am
Ukraine seaport wheat sales up

Ukraine seaport wheat sales up

Ukraine has increased its wheat exports by about 23 percent to 169,500 tonnes in May 1 to 23 compared with 138,110 tonnes in the same period in April, analysts said on Monday, quoting data from ports.
Published 30 May, 2006 12:00am
Tokyo rubber surges

Tokyo rubber surges

Tokyo rubber futures surged to the highest level since December 1980 on Monday as bullish Technicals attracted strong speculative buying, with a weaker yen and solid oil prices giving additional support.
Published 30 May, 2006 12:00am
IBM's staff in Indian backoffice unit jumps three-fold

IBM's staff in Indian backoffice unit jumps three-fold

IBM's backoffice unit in India has boosted its staff strength more than three-fold to 20,000 in less than two years to meet rapidly growing demand for outsourcing, a top official at the unit said on Monday.
Published 30 May, 2006 12:00am
GIC issues five-year 400 million euros senior floating note

GIC issues five-year 400 million euros senior floating note

Kuwait-based Gulf Investment Corp (GIC) said on Monday it had issued a five-year 400 million euros ($510.6 million) senior floating rate note, the largest euro-denominated paper originating from the Gulf Arab region.
Published 30 May, 2006 12:00am
Ministers back EU-wide approach to personal credit

Ministers back EU-wide approach to personal credit

Britain and Germany were outgunned on Monday in their bid to retain national leeway in new European Union rules to make it easier for consumers to shop around the 25-nation bloc for a cheaper personal loan.
Published 30 May, 2006 12:00am
Japan's retail sales slip

Japan's retail sales slip

Retail sales in Japan fell slightly in April from a year earlier, data showed on Monday, but economists stuck to the view that a recovery in consumer spending will help underpin firm economic growth.
Published 30 May, 2006 12:00am
Farm tariffs: Mandelson warned over WTO move

Farm tariffs: Mandelson warned over WTO move

EU agriculture ministers warned the bloc's trade chief on Monday not to make a new offer on cutting farm import tariffs to secure a wider World Trade Organisation deal, saying Europe had reached its limit.
Published 30 May, 2006 12:00am
China takes new steps to cool property market

China takes new steps to cool property market

China on Monday announced a new series of steps aimed at cooling excessive price rises in a property market that it called disorderly and verging on the chaotic.
Published 30 May, 2006 12:00am
China's April oil demand growth strongest since 2004

China's April oil demand growth strongest since 2004

China's apparent demand for oil climbed 10.8 percent in April from a year earlier, the strongest rise since 2004, after an increase in state-set fuel prices encouraged refiners to boost supplies to the domestic market.
Published 30 May, 2006 12:00am
Private firms failing to provide basics for poor: experts

Private firms failing to provide basics for poor: experts

Millions of the world's poor cannot rely on private firms to provide basic energy and water supplies as developing nations face a race against time to cope with their fast-growing populations, experts warned Monday.
Published 30 May, 2006 12:00am
IDB plans first-ever Islamic currency swap

IDB plans first-ever Islamic currency swap

The Islamic Development Bank (IDB) plans to create the first-ever Islamic currency swap by raising $263 million in Malaysian ringgit bonds and swapping the proceeds into another currency, a bank official said.
Published 30 May, 2006 12:00am
IDB plans first-ever Islamic currency swap

IDB plans first-ever Islamic currency swap

The Islamic Development Bank (IDB) plans to create the first-ever Islamic currency swap by raising $263 million in Malaysian ringgit bonds and swapping the proceeds into another currency, a bank official said.
Published 30 May, 2006 12:00am
North Korea should open up like China: World Bank

North Korea should open up like China: World Bank

World Bank president Paul Wolfowitz called Monday on North Korea to follow neighbouring China's lead in opening up its economy, but said it would not necessarily bring political change.
Published 30 May, 2006 12:00am
Gaza businessmen look to Egypt as embargo bites

Gaza businessmen look to Egypt as embargo bites

Businessmen in Gaza, facing steadily worsening economic conditions since Israel limited trade in and out of the poor coastal strip, are trying to move their operations across the border into Egypt.
Published 30 May, 2006 12:00am
General Electric expects China sales to double

General Electric expects China sales to double

General Electric Co, the world's second most valuable company, said it expects sales in China could double to $10 billion by 2010, with some of that growth coming from the development of clean energy technologies.
Published 30 May, 2006 12:00am
Russia's MICEX to launch interest rates futures

Russia's MICEX to launch interest rates futures

Russia's rouble-denominated MICEX exchange will offer a hedge against volatile interest rates from Tuesday in a delayed trading launch that analysts say will test the country's fledging derivatives market.
Published 30 May, 2006 12:00am
Japanese government bonds trim loss on Nikkei

Japanese government bonds trim loss on Nikkei

Japanese government bond prices trimmed earlier losses as Tokyo shares reversed course and fell on Monday, but caution ahead of a two-year auction kept a cap on bond prices.
Published 30 May, 2006 12:00am
Japanese government bonds trim loss on Nikkei

Japanese government bonds trim loss on Nikkei

Japanese government bond prices trimmed earlier losses as Tokyo shares reversed course and fell on Monday, but caution ahead of a two-year auction kept a cap on bond prices.
Published 30 May, 2006 12:00am
Malaysian shares slightly down

Malaysian shares slightly down

Malaysian share prices closed 0.26 percent lower on Monday in thin trade with institutional investors shunning blue chips following a spate of uninspiring corporate results, dealers said.
Published 30 May, 2006 12:00am
Singapore shares drop

Singapore shares drop

Singapore share prices closed 0.21 percent lower on Monday, pulled down by losses in CapitaLand and Keppel Land which bid unsuccessfully for the city-state's first casino resort project, dealers said.
Published 30 May, 2006 12:00am
Taiwan stocks finish flat

Taiwan stocks finish flat

Taiwan stocks closed flat on Monday as losses in construction stocks outweighed gains in heavyweight technology shares such as Taiwan Semiconductor Manufacturing Co. The benchmark TAIEX share index ended down 0.01 percent at 6,878.88 points, limiting its
Published 30 May, 2006 12:00am
Hong Kong shares surge

Hong Kong shares surge

Hong Kong stocks rose 0.43 percent on Monday, led by heavyweights such as China Mobile and HSBC, while gains in PICC Property & Casualty boosted Chinese enterprise stocks.
Published 30 May, 2006 12:00am
Seoul stocks end off one-week highs

Seoul stocks end off one-week highs

Seoul stocks briefly touched a one-week high on Monday, led by recently beaten-down shares such as POSCO, but they lost steam in late trade after disappointing industrial production data. Foreign investors turned buyers after 13 straight sessions of net s
Published 30 May, 2006 12:00am
Indian shares up on domestic fund buying

Indian shares up on domestic fund buying

Indian share prices extended their gains for a third straight day to close up 0.41 percent on Monday led by domestic funds, dealers said. They said domestic funds bought cement, automobile and software stocks and helped push the 30-share Mumbai stock exch
Published 30 May, 2006 12:00am
Thai shares make little gains

Thai shares make little gains

Thai share prices closed 0.57 percent higher on Monday as investors remained positive after concerns eased over rising US interest rates and Thai inflation, dealers said. They also said that although turnover reached a three-year low, the stock market's p
Published 30 May, 2006 12:00am
Australian shares rise

Australian shares rise

Australian share prices closed 1.1 percent higher on Monday as investors bought resource and banking stocks, building on gains made Friday after a more positive performance on Wall Street, dealers said.
Published 30 May, 2006 12:00am
Philippines shares decline

Philippines shares decline

Philippines share prices closed 0.76 percent lower on Monday, slipping back after sharp gains on Friday on concerns the central bank may raise key interest rates later this week, dealers said.
Published 30 May, 2006 12:00am
Chinese shares firm on hopes for steel mergers

Chinese shares firm on hopes for steel mergers

China shares surged 2.15 percent on Monday amid fresh speculation about take-over deals in the steel sector. The benchmark Shanghai composite index closed at 1,648.538, within a point of its intra-day high and not far from its 2006 closing high of 1,664.0
Published 30 May, 2006 12:00am
New Zealand shares soar

New Zealand shares soar

New Zealand share prices closed 0.73 percent higher on Monday, taking their lead from rising markets in Australia and the United States, dealers said. The benchmark NZSX-50 gross index rose 26.5 pooints to 3,625.91 on turnover worth 83.13 million New Zeal
Published 30 May, 2006 12:00am
Jakarta shares jump

Jakarta shares jump

Indonesian share prices closed 0.81 percent higher on Monday on a rebound from last week's falls, with investors expecting that Saturday's deadly earthquake in central Java will not have any significant impact on the economy, dealers said.
Published 30 May, 2006 12:00am
Tokyo index inches down as profit-taking weighs

Tokyo index inches down as profit-taking weighs

The Nikkei share average gave up early gains to close 0.34 percent lower on Monday on profit-taking in such index heavyweights as Tokyo Electron Ltd after the index topped 16,000 for the first time in a week.
Published 30 May, 2006 12:00am
Chinese yuan ends up

Chinese yuan ends up

China's yuan edged up against the dollar on Monday, taking its cue from the US currency's weakness on global markets, and dealers said it was on track to rebound after softening over the past two weeks. The yuan ended at 8.0211 to the dollar versus Friday
Published 30 May, 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. 69.40/69.78 (previous 69.40/69.50). Call Money Rates: 13.00-20.00 percent (previous 12.00-27.00 percent).
Published 30 May, 2006 12:00am
Indian rupee at new 2006 low on month-end dollar demand

Indian rupee at new 2006 low on month-end dollar demand

The rupee hit its latest 2006 low at 46.12 per dollar on Monday, on heavy month-end dollar demand from importers, oil companies and custodial banks, traders said. The partially convertible rupee ended 0.46 percent lower on the day at 46.09/10 per dollar.
Published 30 May, 2006 12:00am
Swiss franc firms slightly versus dollar

Swiss franc firms slightly versus dollar

The Swiss franc firmed slightly against the US dollar early on Monday in quiet holiday trading ahead of a raft of key Swiss economic data later in the week.
Published 30 May, 2006 12:00am
Hong Kong dollar inches lower

Hong Kong dollar inches lower

The Hong Kong dollar was a touch softer against the US dollar on Monday, while short-dated liquidity tightened slightly on month-end demand for funds. "The spot rate moved in a narrow range throughout the day, with some corporate demand for US dollars in
Published 30 May, 2006 12:00am
Most Asian currencies pause after sell-off

Most Asian currencies pause after sell-off

Most Asian currencies were steady on Monday, trapped in fairly tight ranges, as investors pondered whether almost three weeks of selling in emerging markets was over.
Published 30 May, 2006 12:00am
Australian dollar consolidates near 76 cents

Australian dollar consolidates near 76 cents

The Australian dollar steadied just below 76 US cents, supported by firmer metal prices, but trading lacked momentum with investors holding back due to a US market holiday on Monday and Australian data during the week.
Published 30 May, 2006 12:00am
Port of Spain Test squad named

Port of Spain Test squad named

West Indies have named a 14-member squad for the opening Test of four against India, starting at the Antigua Recreation Ground on Friday. The only notable omission from the squad announced on Sunday is Daren Powell.
Published 30 May, 2006 12:00am
US beats Latvia 1-0 in final World Cup tune-up

US beats Latvia 1-0 in final World Cup tune-up

Brian McBride's 43rd minute header gave the United States a 1-0 victory over Latvia Sunday as the Americans wrapped up their three-match pre-World Cup "send-off Series".
Published 30 May, 2006 12:00am
Big finish brings Maggert first victory in seven years

Big finish brings Maggert first victory in seven years

Jeff Maggert sank eagle and birdie putts from beyond 30 feet in the closing holes to win his first US PGA Tour title in seven years, taking the St. Jude's Classic by three strokes here on Sunday.
Published 30 May, 2006 12:00am
Cannes films mirror a troubled world

Cannes films mirror a troubled world

If cinema is the mirror of the world, then the films at this year's Cannes festival suggest the world is in a sorry state. War, rape, kidnap, torture, prejudice, environmental meltdown and dictatorship filled the screens during 12 days of competition, whi
Published 30 May, 2006 12:00am
South Korea's Kim Dae-jung to visit North on June 27

South Korea's Kim Dae-jung to visit North on June 27

Former South Korean President Kim Dae-jung, who orchestrated an unprecedented meeting of the two Korea's leaders in 2000, will probably cross the border with the North on June 27 for a visit to Pyongyang, an official said.
Published 30 May, 2006 12:00am
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