The Federal Reserve raised benchmark US interest rates a 17th straight time on Thursday and said inflation risks remain even though slowing economic growth should help ease price pressures.
US Plains hard red winter wheat spot basis bids were steady on Thursday as farmer selling remained slow, wheat merchants said. The harvest neared completion in key producing states, but farmers have not sold much of their freshly cut wheat on the spot mar
The Federal Reserve raised benchmark US interest rates a 17th straight time on Thursday and said inflation risks remain even though slowing economic growth should help ease price pressures.
The Karachi Port handled 47,454 tonnes of cargo including 30,965 tonnes import, 16,489 tonnes export cargo and 4,163 containers during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 41,090 tonnes dry cargo including 33,759 tonnes g
The Federal Reserve raised benchmark US interest rates a 17th straight time on Thursday and said inflation risks remain even though slowing economic growth should help ease price pressures.
Sri Lankan tea production fell 7.0 percent in May compared with a year, the Sri Lanka Tea Board said on Thursday, citing seasonal drought, but expected production to pick up again in the coming quarter.
The Central Board of Revenue (CBR) on Thursday ordered airlines to collect 15 percent federal excise tax from passengers leaving Pakistan after midnight June 30, 2006 on tickets purchased outside Pakistan.
US FOB Gulf corn and soyabean basis offers held mostly steady on Wednesday amid fewer ocean vessels available to transport grain, traders said. Panamax-size vessels, which can hold 55,000 to 80,000 tonnes, were harder to secure due to a combination of ris
The Central Board of Revenue (CBR) on Thursday ordered airlines to collect 15 percent federal excise tax from passengers leaving Pakistan after midnight June 30, 2006 on tickets purchased outside Pakistan.
India's decision to slash customs duty on wheat is unlikely to rein in prices because the landed cost of imports will be the same as local prices, traders said on Thursday.
The Central Board of Revenue (CBR) on Thursday ordered airlines to collect 15 percent federal excise tax from passengers leaving Pakistan after midnight June 30, 2006 on tickets purchased outside Pakistan.
Prices moved both ways on the grain market on Thursday as a few number of buyers visited the market to make the new deals, dealers said. On the grams side, gram dal Punjab lost Rs 25 to Rs 3225-3325. Yellow peas Canada low type shed Rs 25 to Rs 1400 and g
A Privatisation Commission spokesman on Thursday contradicted a news item appearing in a section of English press regarding sale off PSM shares through bourses. He was referring to a news report attributed to some sources titled "Move to sell PSM shares v
A Privatisation Commission spokesman on Thursday contradicted a news item appearing in a section of English press regarding sale off PSM shares through bourses. He was referring to a news report attributed to some sources titled "Move to sell PSM shares v
Most grades of Thai rice were quoted slightly lower on Thursday after a government sale tender, but sentiment remained firm, supported by supply concerns, traders said. Thai 100 percent B grade was quoted at $314 per tonne, free on board, down from last w
A Privatisation Commission spokesman on Thursday contradicted a news item appearing in a section of English press regarding sale off PSM shares through bourses. He was referring to a news report attributed to some sources titled "Move to sell PSM shares v
Wheat futures at the Chicago Board of Trade closed lower on Wednesday in a profit-taking setback after weather worries in the northern US Plains drove up prices earlier this week, traders said.
MCB Bank would soon pick Merrill Lynch Co, or Goldman Sachs Group Inc, to advise the lender to sell as much as $100 million worth of Global Depository Receipts in first quarter of the new fiscal year, it would be the first bank to sell GDRs. The bank is p
Upward trend was seen on the forward cottonseed oilcake market on Thursday as there was continued purchasing to meet the near-term demand, dealers said.
MCB Bank would soon pick Merrill Lynch Co, or Goldman Sachs Group Inc, to advise the lender to sell as much as $100 million worth of Global Depository Receipts in first quarter of the new fiscal year, it would be the first bank to sell GDRs. The bank is p
Steady trend was again witnessed on the cotton market on Thursday as the mills grabbed all lots offered by the ginners at the psychological level, dealers said. The official spot was unchanged at Rs 2600, without upcountry expenses.
MCB Bank would soon pick Merrill Lynch Co, or Goldman Sachs Group Inc, to advise the lender to sell as much as $100 million worth of Global Depository Receipts in first quarter of the new fiscal year, it would be the first bank to sell GDRs. The bank is p
Strong sentiment continued to prevail in the market as both current (2005-06) and new crop (2006-07) cotton were traded on Thursday. With yarn prices also reported to be holding on steadily, lint prices were said to be showing a stable condition.
MCB Bank would soon pick Merrill Lynch Co, or Goldman Sachs Group Inc, to advise the lender to sell as much as $100 million worth of Global Depository Receipts in first quarter of the new fiscal year, it would be the first bank to sell GDRs. The bank is p
Strong sentiment continued to prevail in the market as both current (2005-06) and new crop (2006-07) cotton were traded on Thursday. With yarn prices also reported to be holding on steadily, lint prices were said to be showing a stable condition.
The government has issued new simplified baggage rules for incoming passengers, including overseas Pakistanis and foreigners working in Pakistan increasing the number of items admissible under duty-free allowances.
A quarterly grain stocks report due out this week from the US Department of Agriculture is likely to confirm huge supplies of US soybeans, grain analysts said. The trade also expects the USDA to report an increase in US corn stocks from year-earlier level
The government has issued new simplified baggage rules for incoming passengers, including overseas Pakistanis and foreigners working in Pakistan increasing the number of items admissible under duty-free allowances.
Spring wheat futures at the Minneapolis Grain Exchange closed mostly lower on Wednesday in a technical setback from sharp, weather-driven advances this week, traders said. Traders also cited some updated forecasts calling for a bit more rain in the northe
The government has issued new simplified baggage rules for incoming passengers, including overseas Pakistanis and foreigners working in Pakistan increasing the number of items admissible under duty-free allowances.
US cocoa futures advanced to a seven-week high on Wednesday, fuelled by follow-through speculative buying amid bullish technical signals on the price charts and broad gains in the commodity sector, dealers said.
US arabica coffee futures settled up more than 2 percent at a three-week high on Wednesday, bolstered by speculative buying on colder-than-expected temperatures in top coffee producer Brazil, market sources said.
Malaysian tin rose 0.9 percent on Thursday, despite losses on the London Metal Exchange, as good buying supported the market. Spot tin on the Kuala Lumpur Tin Exchange ended up $70 at $7,920, after having lost $20 in the previous session. Volume was margi
Comex copper futures closed near session peaks on Wednesday, but conditions were extremely thin and volatile ahead of Thursday's decision by the Federal Reserve on how much higher interest rates will go, sources said.
Comex gold futures finished lower on Wednesday in ongoing choppy trade ahead of Thursday's US Federal Open Market Committee decision about how much higher to raise interest rates and before a US holiday.
Tokyo gold futures inched down another notch on Thursday after moving within a narrow band in cautious trade ahead of a Federal Reserve's decision on interest rates that is likely to dictate market direction.
Gold rose on Thursday, tracking some gains in Japanese futures, but trading was slow as dealers waited to see if the US Federal Reserve would raise interest rates later in the day, as expected.
Bangladesh cut its import duty on raw sugar by almost half on Wednesday amid growing public protests against soaring sugar prices, in a move hailed by the business leaders.
Oil climbed further above $72 on Thursday after falls in US crude and gasoline inventories underlined worries over summer fuel supplies in the world's top consumer. US crude was up 16 cents at $72.35 a barrel, adding to gains of 27 cents on Wednesday.
Chinese buyers have booked up to 5,000 tonnes of US corn in containers since Guangdong quarantine authorities released the first parcel of the grain for use by a feed mill about 10 days ago.
Copper prices inched up in very thin trade on Thursday as investors stayed largely on the sidelines to wait for the US Federal Reserve's decision later in the day on interest rates.
Indonesian palm oil prices were mostly firm on Thursday as the rupiah currency lost ground against the US dollar and Malaysia crude palm oil futures gained on soyaoil, traders said.
Asian sugar supplies are expected to rise over the next week due to bigger-than-expected crops in Thailand and India, while major buyer Vietnam cuts back on new purchases, traders said.
Raw sugar prices settled slightly higher on Wednesday on modest trade buying as players kept their focus on the spot contract's expiration by the end of the week, brokers said.
Soyabean futures at the Chicago Board of Trade ended firm on Wednesday in choppy consolidation trade ahead of the release on Friday of several important government reports, traders said.
Rough rice futures on the Chicago Board of Trade closed higher in rangebound trade on Wednesday as commercial buying helped prices to rebound from sharp declines on Tuesday, traders said.
Tokyo rubber futures edged up on Thursday as tight supply continued to induce short-covering following losses the previous day, but the market faced some technical selling pressure.
Malaysian crude palm oil futures ended on Thursday higher, on the back of heavy buying and firm prices of rival soyaoil. Overall volumes at the Bursar Malaysia Derivatives Exchange nearly doubled to 9,770 lots of 25 tonnes each from 5,619 lots traded on W
Malaysia's state energy firm Petroliam Nasional Bhd. (Petronas) reported on Thursday a jump of 23 percent in 2006 full-year profit, spurred by soaring crude oil prices and strong demand.
Malaysia's state energy firm Petroliam Nasional Bhd. (Petronas) reported on Thursday a jump of 23 percent in 2006 full-year profit, spurred by soaring crude oil prices and strong demand.
Turkmenistan said on Thursday it would cut off natural gas supplies to Russia from September after the two failed to reach a new price deal, raising the possibility that shipments to Europe might be disrupted.
A federal judge on Wednesday gave preliminary approval to a settlement in a lawsuit that accused Yahoo Inc of not adequately protecting advertisers from a practice known as "click fraud," the Wall Street Journal reported.
German and Japanese auto makers dominated an influential survey of US customer satisfaction released on Wednesday, while only two American brands ranked in the top 10. Porsche AG had the most highly prized cars, according to the survey by market research
Google Inc set to launch a long-awaited service called Google Checkout, which some analysts said could help online merchants boost sales and convince them to commit more advertising money to the Web search leader.
Google Inc set to launch a long-awaited service called Google Checkout, which some analysts said could help online merchants boost sales and convince them to commit more advertising money to the Web search leader.
Boeing Co said on Thursday it will take up to $1.1 billion in charges to cover the costs of delayed surveillance aircraft for Australia and Turkey and the previously announced settlement of two US government investigations into its defence unit.
The US economy grew at a revised 5.6 percent annual rate in the first quarter as the fastest pace of growth in 2-1/2 years generated robust corporate profits, the Commerce Department said on Thursday.
Airbus parent EADS is suing "unknown persons" for leaking an internal document that suggested tensions at the Franco-German company as it tries to resolve a crisis sparked by delays to the A380 superjumbo. EADS said on Thursday it had filed a legal compla
Saudi Arabia's central bank hiked interest rates on Thursday, with a rebounding stock market giving the bank greater flexibility to try to clamp down on money supply.
Private lending in the eurozone hit a fresh record high in May, expanding at an 11.4 percent rate year over year, the European Central Bank said on Thursday in data that raised pressure for higher interest rates.
The number of unemployed in Germany fell in June by a larger-than-expected 49,000 month-on-month in seasonally adjusted terms as the soccer World Cup gave the labour market a kick.
The number of help-wanted ads in US newspapers fell in May, a private research group said on Thursday. The Conference Board said its gauge measuring help-wanted ad volume in the United States was 33 in May, down from 35 in April. The index was 38 a year a
Free trade has spurred record economic growth in the Asia-Pacific but also widened income inequality as unskilled workers are left behind by globalisation, a UN report said Thursday.
The United States and the European Union accused each other on Thursday of being unwilling to make concessions to clinch a global free trade deal before time runs out.
China shares rose 1.97 percent on Thursday as funds that had been locked up in Bank of China's subscription returned to the market. But modest turnover disappointed many traders. The benchmark Shanghai Composite Index closed at 1,671.618 points.
Singapore share prices closed 1.53 percent higher on Thursday as gains in regional markets following Wall Street gains bolstered sentiment ahead of an expected US interest rate hike later in the day, dealers said. The Straits Times Index rose 35.97 points
Hong Kong stocks rebounded 0.78 percent on Thursday, ending a four-day losing streak, to close at their highest level in three weeks. Mainland financial shares including China Construction Bank Corp again propelled the Hong Kong-listed mainland H shares,
US stocks advanced on Wednesday as the energy sector benefited from rising oil prices. But gains were limited as investors hesitated to place major bets a day before the Federal Reserve's statement on the future direction of interest rates.
Indian share prices closed 0.32 percent higher on Thursday in cautious trade ahead of a key US Federal Reserve meeting where interest rates are expected to be hiked, dealers said. They said the market gave up early gains and turned cautious with the expir
US Treasury debt prices finished lower on Wednesday as the Federal Reserve began a two-day meeting at which policy-makers are expected to raise interest rates. The market anticipates the Fed will raise its benchmark federal funds rate by a quarter percent
US Treasury debt prices finished lower on Wednesday as the Federal Reserve began a two-day meeting at which policy-makers are expected to raise interest rates. The market anticipates the Fed will raise its benchmark federal funds rate by a quarter percent
Malaysian share prices closed 0.40 percent higher on Thursday, supported by firmer regional markets and mid-year window-dressing activity by fund managers, dealers said. The market was holding firm at its current level but the underlying trend is still do
Indonesian share prices closed 0.21 percent higher on Thursday in line with strengthening regional markets following Wall Street gains overnight, dealers said. However, falls in Telkom and Bank Rakyat Indonesia capped the market's rise, they said.
Philippines share prices closed 0.9 percent higher on Thursday, snapping a three-day losing streak in a technical rebound inspired by the overnight upturn on Wall Street, dealers said.
The Nikkei share average rose 1.58 percent on Thursday as tech stocks such as Sony Corp followed their US counterparts higher, and Takeda Pharmaceutical Co Ltd bounced back as concerns faded over additional tax payments the company may face.
Thai share prices closed 0.59 percent higher on Thursday, led by gains in the energy sector as investors adjusted their portfolios for the end of the second quarter, dealers said. They said investors continued to trade with caution as they awaited a US Fe
The Swiss franc continued to hover just above an eight-week low against the single European currency in early trade on Thursday ahead of inflation data and key economic growth forecasts. The franc traded at 1.5633 to the euro, virtually unchanged on the d
China's yuan closed on Thursday at its highest level against the dollar since its revaluation in July 2005, propelled by expectations for yuan appreciation after this week's US Federal Reserve meeting.
The dollar hovered near a two-month high against the yen on Thursday as traders awaited an expected bump up in US interest rates and what signals the Federal Reserve will send about further tightening in August. The Fed concludes a two-day meeting later i
The dollar inched up in quiet trade on Wednesday in anticipation that the Federal Reserve will leave the door open for more interest rate increases after a widely expected hike at the end of its meeting on Thursday.
The Australian dollar hovered just above a two-and-a-half month low on Thursday as investors count down to an expected US rate rise and wait on the Federal Reserve's outlook on interest rates. The local currency nudged up in a tight $0.7273-$0.7293 range
Interbank buy/sell rates for the taka against the dollar on Thursday. 69.49/69.85 (previous 69.49/69.85). Call Money Rates: 6.00-11.00 percent (previous 6.00-13.00 percent).
Asian currencies stuck to tight ranges on Thursday, with traders reluctant to move ahead of this session's likely US Federal Reserve interest-rate rise and policy statement that could signal further increases ahead.
The Hong Kong dollar edged lower on Thursday, but the discount on local dollar forwards widened amid some selling pressure in late afternoon trade. The domestic currency was trading at 7.7681/83 to the US dollar, softening from the previous day's close at
There's friendship and there's football - and, at least at the World Cup, never the twain shall meet until the final whistle has sounded. Zinedine Zidane played five years at Real Madrid alongside Raul and Iker Casillas, but there was no room for sentimen
Wayne Rooney has declared himself ready for anything Portugal's tough-tackling defence throw at him as he prepares to spearhead England's World Cup quarter-final challenge on Saturday.
Andre Agassi and Rafael Nadal have booked their eagerly-awaited generational clash at Wimbledon but only after the French Open champion Nadal survived an almighty scare on Centre Court on Thursday.
Italy's biggest sports trial opened on Thursday with four top soccer clubs and 26 officials facing match-fixing charges before a string of procedural motions forced an adjournment until next Monday.
Spanish Prime Minister Jose Luis Rodriguez Zapatero said on Thursday his government would start peace talks with Basque separatist guerrillas ETA to try to end Western Europe's last major violent conflict after 38 years.
Switching off lights when leaving a room, adopting energy-efficient lighting and making full use of daylight could prevent energy lighting soaring by 80 percent by 2030, the West's Energy watchdog said on Thursday.
Lebanese leaders are due to resume roundtable talks on Thursday aimed at resolving the thorny issue of pro-Syrian Shiite group Hezbollah's right to keep its weapons.
A South Korean taken to North Korea decades ago said on Thursday his Japanese wife - who was kidnapped by the North's agents - committed suicide in a case that has deepened Japanese anger towards its reclusive neighbour.
The Catholic Church could one day be prosecuted for its right-to-life stance by some countries where abortion is considered a woman's right, a senior Vatican cardinal said in an interview published on Thursday.
Up to 200,000 evacuees from water-logged Wilkes-Barre were told they could go home on Thursday after levees held against flooding water, but swollen rivers threatened other north-eastern US towns.
A donkey used in a public protest by rights activists against the government of India's southern Tamil Nadu state has been produced in court as evidence, a report said Thursday.
Iran could be able to build an atom bomb by 2009 if it laid groundwork this year for producing highly enriched uranium, a former UN arms inspector said in a report.
The Group of Eight industrialised nations told Iran on Thursday to give a "clear and substantive response" next week to an offer by major powers over its nuclear plans, but Tehran said that was unlikely.