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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-06-24
Siemens builds offshore wind farm in Denmark

Siemens builds offshore wind farm in Denmark

Siemens windpower built the world's first offshore windpark - Vindegy Offshore - in Denmark in 1991. This was followed in 2000 by in the Middelgrunden project in Denmark, the world's largest offshore wind farm at the time, says a press release issued on T
Published 24 Jun, 2006 12:00am
Turkmenistan can supply Pakistan gas pipeline

Turkmenistan can supply Pakistan gas pipeline

Turkmenistan has told Pakistan it can supply enough natural gas to justify building a pipeline from the Central Asian state to Pakistan and India, adviser to prime minister on energy Mukhtar Ahmed said on Friday.
Published 24 Jun, 2006 12:00am
US court throws out hedge fund registration rule

US court throws out hedge fund registration rule

In a setback for the Securities and Exchange Commission, a federal appeals court on Friday threw out an agency rule requiring most US hedge funds to register with the SEC.
Published 24 Jun, 2006 12:00am
Turkmenistan can supply Pakistan gas pipeline

Turkmenistan can supply Pakistan gas pipeline

Turkmenistan has told Pakistan it can supply enough natural gas to justify building a pipeline from the Central Asian state to Pakistan and India, adviser to prime minister on energy Mukhtar Ahmed said on Friday.
Published 24 Jun, 2006 12:00am
US court throws out hedge fund registration rule

US court throws out hedge fund registration rule

In a setback for the Securities and Exchange Commission, a federal appeals court on Friday threw out an agency rule requiring most US hedge funds to register with the SEC.
Published 24 Jun, 2006 12:00am
Turkmenistan can supply Pakistan gas pipeline

Turkmenistan can supply Pakistan gas pipeline

Turkmenistan has told Pakistan it can supply enough natural gas to justify building a pipeline from the Central Asian state to Pakistan and India, adviser to prime minister on energy Mukhtar Ahmed said on Friday.
Published 24 Jun, 2006 12:00am
Crisis could end EADS dual structure

Crisis could end EADS dual structure

The crisis rocking European planemaker Airbus pointed increasingly towards a possible overhaul of the Franco-German command structure at parent EADS, two sources familiar with the matter said on Friday.
Published 24 Jun, 2006 12:00am
EU trade boss praises Bush on WTO, urges US move

EU trade boss praises Bush on WTO, urges US move

European trade chief Peter Mandelson said on Friday he was encouraged by President George W. Bush's support for global trade talks, but the United States still has to make a new offer to unblock the negotiations.
Published 24 Jun, 2006 12:00am
US durable goods orders fall in May

US durable goods orders fall in May

New orders for US-made durable goods unexpectedly fell 0.3 percent in May on sharply lower aircraft orders, according to a government report on Friday that nonetheless showed healthy spending in other sectors.
Published 24 Jun, 2006 12:00am
US Transportation secretary resigns

US Transportation secretary resigns

US Transportation Secretary Norman Mineta submitted his resignation effective on July 7, White House spokesman Tony Snow said on Friday. "He has informed the president that after five-and-a-half years he will be stepping down," Snow told reporters.
Published 24 Jun, 2006 12:00am
Ban on short selling to continue: KSE

Ban on short selling to continue: KSE

The Karachi Stock Exchange (KSE) has prohibited short selling till further orders to sustain rally at local bourses. The governing board of directors, in its emergent meeting held on Friday, decided short selling in Futures Contract shall continue to rema
Published 24 Jun, 2006 12:00am
US monetary policy appropriate, says Rato

US monetary policy appropriate, says Rato

The course of US monetary policy is "appropriate" and the country's rate of economic growth should slow to a more sustainable rate in the second half of the year, International Monetary Fund Managing Director Rodrigo Rato said on Friday.
Published 24 Jun, 2006 12:00am
Ban on short selling to continue: KSE

Ban on short selling to continue: KSE

The Karachi Stock Exchange (KSE) has prohibited short selling till further orders to sustain rally at local bourses. The governing board of directors, in its emergent meeting held on Friday, decided short selling in Futures Contract shall continue to rema
Published 24 Jun, 2006 12:00am
Mergers, rates concerns spark nerves in credit

Mergers, rates concerns spark nerves in credit

Concern over slowing US economic growth, increased borrowing to fund mergers and acquisitions and investor risk aversion are likely to push credit spreads wider in coming months, said analysts on Friday.
Published 24 Jun, 2006 12:00am
Ban on short selling to continue: KSE

Ban on short selling to continue: KSE

The Karachi Stock Exchange (KSE) has prohibited short selling till further orders to sustain rally at local bourses. The governing board of directors, in its emergent meeting held on Friday, decided short selling in Futures Contract shall continue to rema
Published 24 Jun, 2006 12:00am
Mergers, rates concerns spark nerves in credit

Mergers, rates concerns spark nerves in credit

Concern over slowing US economic growth, increased borrowing to fund mergers and acquisitions and investor risk aversion are likely to push credit spreads wider in coming months, said analysts on Friday.
Published 24 Jun, 2006 12:00am
Supreme Court declares PSM deal of no legal effect

Supreme Court declares PSM deal of no legal effect

In its historic judgement, announced here on Friday, the nine-member full Bench of the Supreme Court cancelled the sell-off deal of Pakistan Steel Mills, and declared the Letter of Acceptance (LOA) dated March 31, 2006 and the Share Purchase Agreement dat
Published 24 Jun, 2006 12:00am
Oracle profit rises

Oracle profit rises

Oracle Corp on Thursday posted a higher quarterly profit on stronger-than-expected new software license revenue and said it was taking share from rivals such as SAP AG and IBM.
Published 24 Jun, 2006 12:00am
Supreme Court declares PSM deal of no legal effect

Supreme Court declares PSM deal of no legal effect

In its historic judgement, announced here on Friday, the nine-member full Bench of the Supreme Court cancelled the sell-off deal of Pakistan Steel Mills, and declared the Letter of Acceptance (LOA) dated March 31, 2006 and the Share Purchase Agreement dat
Published 24 Jun, 2006 12:00am
Oracle profit rises

Oracle profit rises

Oracle Corp on Thursday posted a higher quarterly profit on stronger-than-expected new software license revenue and said it was taking share from rivals such as SAP AG and IBM.
Published 24 Jun, 2006 12:00am
Supreme Court declares PSM deal of no legal effect

Supreme Court declares PSM deal of no legal effect

In its historic judgement, announced here on Friday, the nine-member full Bench of the Supreme Court cancelled the sell-off deal of Pakistan Steel Mills, and declared the Letter of Acceptance (LOA) dated March 31, 2006 and the Share Purchase Agreement dat
Published 24 Jun, 2006 12:00am
AB Ports agrees to $5.2 billion Goldman bid

AB Ports agrees to $5.2 billion Goldman bid

A Goldman Sachs-led consortium has outbid Australia's Macquarie Bank for Associated British Ports after raising its cash offer in an auction to nearly 2.8 billion pounds ($5.2 billion). But Macquarie is not out of the race and is considering its position
Published 24 Jun, 2006 12:00am
Iran to halt gasoline imports, impose rationing

Iran to halt gasoline imports, impose rationing

Iran will halt its massive gasoline imports from September 23 and impose fuel rationing, the oil minister said on Friday - a political gamble in a country where subsidised fuel is viewed as a national right.
Published 24 Jun, 2006 12:00am
Nokia unveils showcase of new products

Nokia unveils showcase of new products

Nokia unveiled its latest showcase of new products, services and solutions at Nokia Connection 2006, on Friday. The two-day event, themed it's Your World. Express It!", brought together close to a thousand mobile operators, business partners, industry ana
Published 24 Jun, 2006 12:00am
Former Soviet leaders aim for Eurasia customs union

Former Soviet leaders aim for Eurasia customs union

Mutual defence and a vast customs union between the frontiers of Europe and Asia dominated talks Friday at a gathering of ex-Soviet leaders in Minsk. "We have to decide on... the creation of a full customs union," Belarussian President Alexander Lukashenk
Published 24 Jun, 2006 12:00am
Singapore shares tumble

Singapore shares tumble

Singapore share prices closed 0.7 percent lower on Friday as the market continued nervous ahead of an expected hike in US interest rates and after overnight losses on Wall Street, dealers said.
Published 24 Jun, 2006 12:00am
Thai shares close flat

Thai shares close flat

Thai share prices closed flat on Friday, with investors cautious given sustained concerns over the likelihood of higher US interest rates, dealers said.
Published 24 Jun, 2006 12:00am
Hong Kong shares decline

Hong Kong shares decline

Hong Kong stocks fell 0.56 percent on Friday, tracking weak Asian markets, with local telecoms firm, PCCW Ltd, edging lower amid uncertainties about a potential sale of its core assets. The benchmark Hang Seng index was down 89.31 points at 15,737.39 by t
Published 24 Jun, 2006 12:00am
US stocks fall on fear of higher rates

US stocks fall on fear of higher rates

US stocks fell on Thursday, as investors bet the Federal Reserve will keep raising interest rates even as economic growth shows signs of slowing. Dow component Johnson & Johnson slid as a report questioning the safety of some stents hurt shares of leading
Published 24 Jun, 2006 12:00am
Indian shares rise 1.22 percent

Indian shares rise 1.22 percent

Indian shares rose for a third straight day on Friday, closing up 1.22 percent after a bout of speculative and local investor buying, dealers said. They said stocks recovered after opening weaker following losses on Wall Street overnight which saw the Asi
Published 24 Jun, 2006 12:00am
US Treasuries sag on rate rise expectations

US Treasuries sag on rate rise expectations

US Treasury debt prices fell on Thursday, with traders citing market speculation that the Federal Reserve might raise interest rates by half a percentage point when it meets next week. The benchmark 10-year note's yield hit a four-year high above 5.21 per
Published 24 Jun, 2006 12:00am
US Treasuries sag on rate rise expectations

US Treasuries sag on rate rise expectations

US Treasury debt prices fell on Thursday, with traders citing market speculation that the Federal Reserve might raise interest rates by half a percentage point when it meets next week. The benchmark 10-year note's yield hit a four-year high above 5.21 per
Published 24 Jun, 2006 12:00am
Philippines shares make little gains

Philippines shares make little gains

Philippines share prices closed 0.75 percent higher in light trade on Friday, bucking a weaker regional trend as investors pushed stocks ahead following Thursday's gains, dealers said. They said trade was nonetheless cautious ahead of next week's policy m
Published 24 Jun, 2006 12:00am
Nikkei slumps on exporters

Nikkei slumps on exporters

The Nikkei dipped 0.08 percent on Friday as some exporters such as Honda Motor Co fell on concerns of a slowdown in the US economy, while expectations of a rise in Japanese interest rates also weighed on sentiment.
Published 24 Jun, 2006 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed 0.65 percent higher on Friday, bucking mostly weaker regional markets as investors showed continued interest in blue chips, dealers said. The Kuala Lumpur Composite Index rose 5.87 points at 906.34, ending the week with a gai
Published 24 Jun, 2006 12:00am
Taiwan stocks weaken

Taiwan stocks weaken

Taiwan stocks fell 0.51 percent on Friday because of uncertain tech demand in the second half and lingering domestic political woes, erasing some of the previous session's sharp gains.
Published 24 Jun, 2006 12:00am
Chinese share prices slightly firmer

Chinese share prices slightly firmer

Chinese share prices closed 0.59 percent higher on Friday, supported by gains in the telecom sector which helped offset liquidity pressure before the listing of the Bank of China, the country's second largest lender, next month, dealers said.
Published 24 Jun, 2006 12:00am
Swiss franc almost unchanged

Swiss franc almost unchanged

The Swiss franc opened almost unchanged on Friday, locked in narrow range-trading, ahead of the publication of May producer and import price data later in the session. The franc traded at 1.2435 per dollar, fractionaly weaker than the previous close of 1.
Published 24 Jun, 2006 12:00am
Yuan ends lower versus dollar as yen sags

Yuan ends lower versus dollar as yen sags

China's yuan dipped against the dollar on Friday, staging a corrective pull-back after it hit its strongest post-revaluation levels for two straight days. The yuan ended at 8.0002 to the dollar, down from Thursday's post-revaluation closing high of 7.9964
Published 24 Jun, 2006 12:00am
Dollar clings to gains as rates and Fukui eyed

Dollar clings to gains as rates and Fukui eyed

The dollar hovered near a two-month high against the yen on Friday ahead of an expected bump up in US interest rates next week and on caution over the fate of Bank of Japan Governor Toshihiko Fukui.
Published 24 Jun, 2006 12:00am
Dollar surges as investors dump yen

Dollar surges as investors dump yen

The dollar jumped to a two-month high against the yen and rallied across the board on Thursday as mounting expectations of higher US interest rates lured investors away from emerging market currencies.
Published 24 Jun, 2006 12:00am
Hong Kong dollar fall

Hong Kong dollar fall

The Hong Kong dollar slipped on Friday, tracking losses in other regional currencies such as the yen against the broadly firmer US dollar. The domestic currency fell to as low as 7.7680 at one point re-testing a nine-month low hit on Wednesday, before pul
Published 24 Jun, 2006 12:00am
Asian currencies down on US rate speculation

Asian currencies down on US rate speculation

Speculation about further US rate rises and a drop in the Japanese yen of more than one percent pulled other Asian currencies down on Friday, although traders sensed some resilience in the regional markets.
Published 24 Jun, 2006 12:00am
Australian dollar slides

Australian dollar slides

The Australian dollar marked time near a two-month low on Friday after a hectic offshore session that saw speculative investors dump high-yielding, commodity bloc and emerging market currencies.
Published 24 Jun, 2006 12:00am
Iraq rights group on Haditha denies rebel links

Iraq rights group on Haditha denies rebel links

The head of an Iraqi group that has accused US Marines of killing civilians in Haditha dismissed suggestions on Friday that his human rights organisation lacks credibility and has links to insurgents.
Published 24 Jun, 2006 12:00am
Italy's referendum a test for Prodi, Berlusconi

Italy's referendum a test for Prodi, Berlusconi

Italians will vote this weekend in a referendum on the constitution that has become a battleground between Romano Prodi's fledgling centre-left government and the recently ousted centre-right opposition.
Published 24 Jun, 2006 12:00am
Uganda wants threat of UN force against LRA

Uganda wants threat of UN force against LRA

The United Nations should raise the threat of force against Uganda's Lord's Resistance Army rebels, and put pressure on Sudan and Congo to ensure the LRA is serious about peace talks, a Ugandan envoy said.
Published 24 Jun, 2006 12:00am
Nigerian reshuffle casts doubt on reforms

Nigerian reshuffle casts doubt on reforms

A cabinet reshuffle that saw the architect of Nigeria's economic reforms unexpectedly moved from finance to foreign affairs has raised fears about the future financial management of Africa's most populous country.
Published 24 Jun, 2006 12:00am
'Japan, Asia must accept gaps over war history'

'Japan, Asia must accept gaps over war history'

Japan and its Asian neighbours must agree to disagree over wartime history in order to move forward toward better ties, says Japanese Foreign Minister Taro Aso, a dark horse candidate to be Japan's next prime minister.
Published 24 Jun, 2006 12:00am
Henin-Hardenne wins Belgian battle

Henin-Hardenne wins Belgian battle

Justine Henin-Hardenne reached the final on her first attempt Friday as she ended the unbeaten streak of Kim Clijsters 6-3, 5-7, 6-1 at the Eastbourne Championships. Defending champion Clijsters, seeded second to her Belgian compatriot's third, won the tr
Published 24 Jun, 2006 12:00am
Gayle and Ganga give West Indies advantage

Gayle and Ganga give West Indies advantage

Chris Gayle and Daren Ganga hit half-centuries to help West Indies make a confident start to the third Test against India on Thursday at Warner Park. Gayle was dismissed for 83 and Ganga was unbeaten on 64, as West Indies, choosing to bat, reached 207 for
Published 24 Jun, 2006 12:00am
Ukraine beat Tunisia to make last 16

Ukraine beat Tunisia to make last 16

An Andriy Shevchenko penalty gave Ukraine a 1-0 victory over 10-man Tunisia in World Cup Group H on Friday, assuring the east European side of a place in the last 16.
Published 24 Jun, 2006 12:00am
Spain ensure top spot with easy 1-0 win

Spain ensure top spot with easy 1-0 win

Spain ensured they went through to the last 16 of the World Cup as winners of Group H when they eased their way to a 1-0 victory over a toothless Saudi Arabia in Kaiserslautern on Friday.
Published 24 Jun, 2006 12:00am
'ECB has to normalise interest rates, be very vigilant'

'ECB has to normalise interest rates, be very vigilant'

Eurozone interest rates do not suit the real economy and must rise further, European Central Bank Governing Council Axel Weber said on Friday. "We have to normalise monetary policy, this no longer fits with the real economy, and (normalisation) is necessa
Published 24 Jun, 2006 12:00am
Anadarko to buy Kerr-McGee, Western Gas for $21 billion

Anadarko to buy Kerr-McGee, Western Gas for $21 billion

Oil and gas producer Anadarko Petroleum Corp on Friday said it agreed to buy Kerr-McGee Corp and Western Gas Resources Inc in separate deals totalling over $21 billion to expand in the fast-growing Gulf of Mexico and Rocky Mountains regions.
Published 24 Jun, 2006 12:00am
General Motors plans zero percent financing on 2006 models

General Motors plans zero percent financing on 2006 models

General Motors Corp plans to briefly offer zero-percent financing on most of its 2006 models and financing as low as 2.9 percent on its 2007 GMT-900 sport utility vehicles, a GM dealer said on Friday.
Published 24 Jun, 2006 12:00am
Fukui wants to stay on job, vows to restore trust

Fukui wants to stay on job, vows to restore trust

Bank of Japan Governor Toshihiko Fukui, under public pressure to resign over what many see as a mishandling of personal finances, said on Friday he wanted to stay at his job and restore faith in the central bank.
Published 24 Jun, 2006 12:00am
EPL to buy Stone Energy for $1.4 billion

EPL to buy Stone Energy for $1.4 billion

Energy Partners Ltd agreed to buy Oil and gas company Stone Energy Corp for $1.4 billion, the companies said on Friday, as EPL looks to boost its exploration and production abilities in the Gulf of Mexico.
Published 24 Jun, 2006 12:00am
Senegal woos investors with Africa's best telecoms

Senegal woos investors with Africa's best telecoms

The first thing Djibril Niang does when he gets to work in Senegal's capital is check the weather in Paris. After that he scours French news sites on the Internet, then calls his first client in Marseille or maybe Bordeaux, introduces himself as 'Claude',
Published 24 Jun, 2006 12:00am
India's inflation at one-year high

India's inflation at one-year high

India's annual inflation rate topped 5 percent in early June, accelerating to its highest level in more than a year, data showed on Friday, bolstering chances of an increase in official interest rates in July.
Published 24 Jun, 2006 12:00am
Japan's Supreme Court rejects suit on war shrine

Japan's Supreme Court rejects suit on war shrine

Japan's Supreme Court refused Friday to award damages to critics of Prime Minister Junichiro Koizumi's visits to a war shrine in its first ruling on the controversy that has set off tensions in East Asia.
Published 24 Jun, 2006 12:00am
UN rights boss slams abuses in war on terrorism

UN rights boss slams abuses in war on terrorism

UN High Commissioner for Human Rights Louise Arbour, taking aim at the US-led war on terrorism, reminded all states on Friday of their duty to ban torture and give all security detainees a fair trial.
Published 24 Jun, 2006 12:00am
FBI arrests seven in terrorism plot

FBI arrests seven in terrorism plot

Seven people arrested in Miami discussed attacks on the landmark Sears Tower in Chicago, the FBI building in Miami and other government buildings in a mission "just as good or greater" than September 11, US officials said on Friday.
Published 24 Jun, 2006 12:00am
Test-shooting: US warship shoots down missile warhead

Test-shooting: US warship shoots down missile warhead

A US warship successfully shot down a target missile warhead over the Pacific Thursday in a test of a sea-based missile defence system, the US military said. For the first time in the US missile defence tests, a Japanese destroyer took part in the exercis
Published 24 Jun, 2006 12:00am
Six killed in Philippines bomb blast

Six killed in Philippines bomb blast

A bomb killed six people at a crowded public market in the southern Philippines on Friday in an attack police said was aimed at a powerful provincial governor allied with President Gloria Macapagal Arroyo.
Published 24 Jun, 2006 12:00am
Survey finds chasm between Muslims, Westerners

Survey finds chasm between Muslims, Westerners

A global rift in attitudes between Muslims and Westerners is growing wider as Muslims grow increasingly bitter toward the West and its people, according to a major survey covering 13 countries.
Published 24 Jun, 2006 12:00am
US secretly probes financial records to track terrorists

US secretly probes financial records to track terrorists

The US government has secretly monitored banking transactions around the globe since the September 11, 2001 attacks, top officials said Friday, defending the programme as a "lawful" part of the war on terror.
Published 24 Jun, 2006 12:00am
Bomb blast kills 15 in Baghdad, curfew imposed

Bomb blast kills 15 in Baghdad, curfew imposed

Shia militias clashed with Iraqi and US forces in Baghdad on Friday and 10 worshippers died in a bomb blast outside a Sunni mosque in the village where a US air strike killed Abu Musab al-Zarqawi this month.
Published 24 Jun, 2006 12:00am
Swedish journalist slain in Somali capital

Swedish journalist slain in Somali capital

A Swedish journalist was shot and killed Friday in the Somali capital while attending a mass demonstration organised by the Islamic courts union that seized the city this month after fierce battles.
Published 24 Jun, 2006 12:00am
Gaza's gateway reopens after alert

Gaza's gateway reopens after alert

Gaza's Rafah international gateway reopened on Friday after being closed for more than seven hours due to an Israeli security alert, officials said. The alert had prevented European monitors from travelling to the Rafah terminal.
Published 24 Jun, 2006 12:00am
Indian rupee a tad higher

Indian rupee a tad higher

The Indian rupee closed slightly stronger on Friday, bouncing back from three-week lows struck in intra-day trade, on foreign fund inflows and receding corporate demand for dollars.
Published 24 Jun, 2006 12:00am
Pound remains down versus dollar

Pound remains down versus dollar

Sterling hit a two-month low against the dollar on Friday on diminishing expectations of a near-term UK rate hike and a growing view that US rates are on the up.
Published 24 Jun, 2006 12:00am
Dollar rallies in London

Dollar rallies in London

The dollar rallied to two-month highs against an index of currencies on Friday, boosted by expectations for more US rate hikes and by inflows of cash from investors keen to get out of falling emerging markets.
Published 24 Jun, 2006 12:00am
Bonds: telecoms lead declines

Bonds: telecoms lead declines

Telecommunications firms led European credit markets lower on Friday as concern over a possible take-over bid for Deutsche Telekom added to market worries over the outlook for spreads in coming months.
Published 24 Jun, 2006 12:00am
Bonds: telecoms lead declines

Bonds: telecoms lead declines

Telecommunications firms led European credit markets lower on Friday as concern over a possible take-over bid for Deutsche Telekom added to market worries over the outlook for spreads in coming months.
Published 24 Jun, 2006 12:00am
US Stocks: Friday's unofficial close

US Stocks: Friday's unofficial close

US stocks turned higher at midday on Friday amid a choppy trading session as investors' mood fluctuated between excitement about proposed energy sector deals worth $22 billion and worries about rising interest rates ahead of the Fed's meeting next week.
Published 24 Jun, 2006 12:00am
Seoul shares fall

Seoul shares fall

South Korean shares fell on Friday as worries about the domestic economy pushed down financials such as Kookmin Bank, while wireless operators extended recent falls on concerns about their earnings outlook.
Published 24 Jun, 2006 12:00am
FTSE posts best close in two weeks

FTSE posts best close in two weeks

Britain's FTSE 100 edged to its highest finish in two weeks on Friday with heavyweight oil companies such as BP pulling the index higher despite sustained worries about global economic growth and interest rates.
Published 24 Jun, 2006 12:00am
Copper scrap market in doldrums

Copper scrap market in doldrums

A seasonal demand slowdown, coupled with hesitant buying from China and higher costs for material, have created a "triple whammy" for the copper scrap market, sources said.
Published 24 Jun, 2006 12:00am
EU signals grain stock sell-off to continue

EU signals grain stock sell-off to continue

The European Union's decision to open tenders to export almost two million tonnes of grain held in intervention stores signals its intention to continue running down cereal stocks next season, analysts said on Friday.
Published 24 Jun, 2006 12:00am
Oil near $71 on US thirst for gasoline

Oil near $71 on US thirst for gasoline

Oil held near $71 a barrel on Friday as US gasoline demand was still on the rise despite near-record prices. The shutdown of a stretch of a key shipping channel in Louisiana, which the Coast Guard said should last a week, also supported gasoline prices.
Published 24 Jun, 2006 12:00am
Argentina corn harvest slower

Argentina corn harvest slower

Argentina's ongoing 2005/06 corn harvest and 2006/07 wheat planting made slow progress last week due to uneven weather, the government said on Friday.
Published 24 Jun, 2006 12:00am
New York cotton extends losses

New York cotton extends losses

Cotton futures settled sharply lower Friday on speculative sales and switch trade as players got out of the spot contract since notices for deliveries will be reported starting next week, brokers said.
Published 24 Jun, 2006 12:00am
London sugar weakens

London sugar weakens

London white sugar futures closed lower on Friday on speculative and fund profit-taking from one-month highs touched this week, and traders noted a lack of physical business.
Published 24 Jun, 2006 12:00am
Copper ends higher

Copper ends higher

Copper closed $70 higher on the London Metal Exchange (LME) on Friday, trading in established ranges, with few investors willing to take positions ahead of next week's Federal Reserve meeting, analysts said.
Published 24 Jun, 2006 12:00am
Gold gyrates around $580

Gold gyrates around $580

Gold, battered down from recent highs after investors fled to less risky assets, traded cautiously on Friday ahead of next week's US Federal Reserve meeting that may set direction for the dollar.
Published 24 Jun, 2006 12:00am
US MIDDAY: coffee sags

US MIDDAY: coffee sags

Arabica coffee futures settled easier Friday on speculative sales and may soon slip to its lowest level in 19 months on follow-through sales in the week ahead, brokers said.
Published 24 Jun, 2006 12:00am
US MIDDAY: cocoa moves up

US MIDDAY: cocoa moves up

US cocoa futures ended up on Friday as higher prices in London helped the market rebound from recent losses, but trade volumes were remarkably thin and the outlook for prices murky, dealers said.
Published 24 Jun, 2006 12:00am
US MIDDAY: sugar tumbles

US MIDDAY: sugar tumbles

Raw sugar prices settled lower Friday as trade sales and speculative profit-taking dragged the market down after it had surged to a three-week high in the previous session, brokers said.
Published 24 Jun, 2006 12:00am
US MIDDAY: wheat mixed

US MIDDAY: wheat mixed

Wheat futures at the Chicago Board of Trade were narrowly mixed early on Friday in choppy consolidation trade ahead of the weekend, traders said.
Published 24 Jun, 2006 12:00am
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