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Print - 2006-07-12
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (July 11, 2006).

Published 12 Jul, 2006 12:00am
BRIndex30 surges 279.59 points

BRIndex30 surges 279.59 points

The BRIndex30 surged to a high of 10,148.10 on Tuesday. It opened at 9,778.12 with a downward gap of 70 and recorded the low of the day at 9,762.12 with a change of 279.59 before closing at 10,128.06. The volume of BRIndex30 was 109,179,100, which was 83.
Published 12 Jul, 2006 12:00am
BRIndex30 surges 279.59 points

BRIndex30 surges 279.59 points

The BRIndex30 surged to a high of 10,148.10 on Tuesday. It opened at 9,778.12 with a downward gap of 70 and recorded the low of the day at 9,762.12 with a change of 279.59 before closing at 10,128.06. The volume of BRIndex30 was 109,179,100, which was 83.
Published 12 Jul, 2006 12:00am
KSE index gains 152 points

KSE index gains 152 points

Trimming in share values allowed several punters and players to execute fresh deals in choice scrips, helping the index to rebound sharply. The KSE-100 Index closed at 9,656 levels up 152 points from the previous closing of 9,504. Volumes in the ready mar
Published 12 Jul, 2006 12:00am
KSE index gains 152 points

KSE index gains 152 points

Trimming in share values allowed several punters and players to execute fresh deals in choice scrips, helping the index to rebound sharply. The KSE-100 Index closed at 9,656 levels up 152 points from the previous closing of 9,504. Volumes in the ready mar
Published 12 Jul, 2006 12:00am
KSE index gains 152 points

KSE index gains 152 points

Trimming in share values allowed several punters and players to execute fresh deals in choice scrips, helping the index to rebound sharply. The KSE-100 Index closed at 9,656 levels up 152 points from the previous closing of 9,504. Volumes in the ready mar
Published 12 Jul, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (July 11, 2006).

Published 12 Jul, 2006 12:00am
Circular issued for computing income tax on salaried class

Circular issued for computing income tax on salaried class

The Central Board of Revenue (CBR) has issued an explanatory circular for computing income tax payable by the salaried class for the ''tax year 2007'', and deducting of advance tax from salary for the tax year starting from July 1, 2006.
Published 12 Jul, 2006 12:00am
Circular issued for computing income tax on salaried class

Circular issued for computing income tax on salaried class

The Central Board of Revenue (CBR) has issued an explanatory circular for computing income tax payable by the salaried class for the 'tax year 2007', and deducting of advance tax from salary for the tax year starting from July 1, 2006.
Published 12 Jul, 2006 12:00am
Circular issued for computing income tax on salaried class

Circular issued for computing income tax on salaried class

The Central Board of Revenue (CBR) has issued an explanatory circular for computing income tax payable by the salaried class for the 'tax year 2007', and deducting of advance tax from salary for the tax year starting from July 1, 2006.
Published 12 Jul, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (July 11, 2006).

Published 12 Jul, 2006 12:00am
Fate of Chinese cement still undecided

Fate of Chinese cement still undecided

Despite the elapse of a month, the fate of imported cement is still undecided as the Central Board of Revenue (CBR) has clearly conveyed to the importers that their detained Chinese cement would not be released. However, the importers are hoping that they
Published 12 Jul, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (July 11, 2006).
Published 12 Jul, 2006 12:00am
Fate of Chinese cement still undecided

Fate of Chinese cement still undecided

Despite the elapse of a month, the fate of imported cement is still undecided as the Central Board of Revenue (CBR) has clearly conveyed to the importers that their detained Chinese cement would not be released. However, the importers are hoping that they
Published 12 Jul, 2006 12:00am
Fate of Chinese cement still undecided

Fate of Chinese cement still undecided

Despite the elapse of a month, the fate of imported cement is still undecided as the Central Board of Revenue (CBR) has clearly conveyed to the importers that their detained Chinese cement would not be released. However, the importers are hoping that they
Published 12 Jul, 2006 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (July 11, 2006).

Published 12 Jul, 2006 12:00am
300,000 tonnes shortfall likely in rice export

300,000 tonnes shortfall likely in rice export

The country''s rice exports are likely to suffer a shortfall of over 300,000 tonnes due to the 30 percent expected decline in Sindh''s rice production alone for the next crop season starting in September.
Published 12 Jul, 2006 12:00am
300,000 tonnes shortfall likely in rice export

300,000 tonnes shortfall likely in rice export

The country's rice exports are likely to suffer a shortfall of over 300,000 tonnes due to the 30 percent expected decline in Sindh's rice production alone for the next crop season starting in September.
Published 12 Jul, 2006 12:00am
300,000 tonnes shortfall likely in rice export

300,000 tonnes shortfall likely in rice export

The country's rice exports are likely to suffer a shortfall of over 300,000 tonnes due to the 30 percent expected decline in Sindh's rice production alone for the next crop season starting in September.
Published 12 Jul, 2006 12:00am
Forensic report on KSE crash in three months: Shaukat

Forensic report on KSE crash in three months: Shaukat

Prime Minister Shaukat Aziz on Tuesday said that forensic accountants were investigating the March 2005 crash of Karachi Stock Exchange and would submit a report in three months. "Strict action will be taken against individuals or organisations found invo
Published 12 Jul, 2006 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (July 11, 2006).

Published 12 Jul, 2006 12:00am
Forensic report on KSE crash in three months: Shaukat

Forensic report on KSE crash in three months: Shaukat

Prime Minister Shaukat Aziz on Tuesday said that forensic accountants were investigating the March 2005 crash of Karachi Stock Exchange and would submit a report in three months. "Strict action will be taken against individuals or organisations found invo
Published 12 Jul, 2006 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (July 11, 2006).

Published 12 Jul, 2006 12:00am
Forensic report on KSE crash in three months: Shaukat

Forensic report on KSE crash in three months: Shaukat

Prime Minister Shaukat Aziz on Tuesday said that forensic accountants were investigating the March 2005 crash of Karachi Stock Exchange and would submit a report in three months. "Strict action will be taken against individuals or organisations found invo
Published 12 Jul, 2006 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (July 11, 2006).

Published 12 Jul, 2006 12:00am
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 12 Jul, 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 12 Jul, 2006 12:00am
Musharraf firm to resolve energy crisis

Musharraf firm to resolve energy crisis

President General Pervez Musharraf has reiterated his resolve to overcome the prevailing energy crises by taking all possible measures on war-footing. The President called upon both national and multinational entrepreneurs to come forward and provide supp
Published 12 Jul, 2006 12:00am
Musharraf firm to resolve energy crisis

Musharraf firm to resolve energy crisis

President General Pervez Musharraf has reiterated his resolve to overcome the prevailing energy crises by taking all possible measures on war-footing. The President called upon both national and multinational entrepreneurs to come forward and provide supp
Published 12 Jul, 2006 12:00am
Oil World sees short-term fall in EU rape prices

Oil World sees short-term fall in EU rape prices

Prices for rapeseed/canola and their respective oils could fall in the European Union in July and August but they will likely bounce on rising demand in the autumn, Hamburg-based analyst Oil World said on Tuesday.
Published 12 Jul, 2006 12:00am
Musharraf firm to resolve energy crisis

Musharraf firm to resolve energy crisis

President General Pervez Musharraf has reiterated his resolve to overcome the prevailing energy crises by taking all possible measures on war-footing. The President called upon both national and multinational entrepreneurs to come forward and provide supp
Published 12 Jul, 2006 12:00am
Singapore bunker fuel prices lower

Singapore bunker fuel prices lower

Singapore bunker prices were stable to lower on Tuesday but their premium to fuel oil cargoes were quoted higher, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $335-336 a tonne, slightly lower than Monday's Asian close. But its
Published 12 Jul, 2006 12:00am
Abuzar elected PIAF chairman unopposed

Abuzar elected PIAF chairman unopposed

Mian Abuzar Shad was elected unopposed Chairman of Pakistan Industrial and Traders Associations Front (PIAF) while Irfan Qaisar and Kbamis Saeed Butt won the slots of vice-chairmen.
Published 12 Jul, 2006 12:00am
French sugar beet yield seen falling

French sugar beet yield seen falling

The average yield from France's 2006 sugar beet crop is expected to fall between five and six percent from last season due to delays in plant development, French sugar beet research centre ARTB said on Tuesday.
Published 12 Jul, 2006 12:00am
Islamabad condemns

Islamabad condemns

Pakistan strongly condemned the series of bomb blasts on commuter trains in Mumbai on Tuesday. "This despicable act of terrorism has resulted in the loss of a large number of precious lives", a Foreign Office spokesman said in a statement.
Published 12 Jul, 2006 12:00am
FOB Gulf corn and soya mostly steady

FOB Gulf corn and soya mostly steady

US FOB Gulf corn and soyabean basis offers were mostly steady on Monday, with higher CBOT futures putting the brake on demand, traders said. Hard and soft red winter wheat prices were also steady, with traders expecting futures in Chicago and Kansas City
Published 12 Jul, 2006 12:00am
Islamabad condemns

Islamabad condemns

Pakistan strongly condemned the series of bomb blasts on commuter trains in Mumbai on Tuesday. "This despicable act of terrorism has resulted in the loss of a large number of precious lives", a Foreign Office spokesman said in a statement.
Published 12 Jul, 2006 12:00am
Hungary wheat harvest starts

Hungary wheat harvest starts

Hungary's farmers have started harvesting wheat, but hot weather in recent weeks may have damaged grain quality, farmers' association MOSZ said on Tuesday.
Published 12 Jul, 2006 12:00am
163 die in Indian trains blasts

163 die in Indian trains blasts

Seven explosions ripped through commuter trains and stations during evening rush hour in Mumbai on Tuesday, killing at least 163 people in an attack the prime minister blamed on terrorists. Train cars packed with commuters were blown apart, and television
Published 12 Jul, 2006 12:00am
HRW wheat bids steady to firmer

HRW wheat bids steady to firmer

US hard red winter wheat spot basis bids were steady to firmer Tuesday, with some dealers adjusting bids to spur more farmer selling. The basis was 5 cents firmer in Topeka and Wichita, Kansas, and 8 cents firmer in Lincoln, Nebraska, while holding steady
Published 12 Jul, 2006 12:00am
163 die in Indian trains blasts

163 die in Indian trains blasts

Seven explosions ripped through commuter trains and stations during evening rush hour in Mumbai on Tuesday, killing at least 163 people in an attack the prime minister blamed on terrorists. Train cars packed with commuters were blown apart, and television
Published 12 Jul, 2006 12:00am
Polish grain output may rise to 27.5 million tonnes

Polish grain output may rise to 27.5 million tonnes

Poland's grain output may rise by 0.6 million tonnes this year to 27.5 million tonnes, with exceptionally hot weather in recent days unlikely to cause serious damage, the country's grain chamber said on Tuesday.
Published 12 Jul, 2006 12:00am
Benazir condoles death of Qasmi

Benazir condoles death of Qasmi

Former prime minister and Pakistan Peoples Party Chairperson Benazir Bhutto has condoled the death of noted short story and drama writer, poet and columnist Ahmad Nadeem Qasmi and described his passing away as a great loss to Urdu poetry and literature.
Published 12 Jul, 2006 12:00am
Ivory Coast cocoa prices mixed

Ivory Coast cocoa prices mixed

Farmgate prices in Ivory Coast's cocoa growing regions were mixed from July 1 to 9, Coffee and Cocoa Bourse (BCC) data showed on Tuesday, as demand for beans varied by region and as prices rose at the ports.
Published 12 Jul, 2006 12:00am
Wapda given Rs 29 billion more under PSDP

Wapda given Rs 29 billion more under PSDP

In a bid to help thwart ongoing power crisis, the Planning Commission has made available Rs 29 billion to the Water and Power Development Authority (Wapda) under the Public Sector Development Programme (PSDP) for upgradation of its system, besides establi
Published 12 Jul, 2006 12:00am
Kenyan coffee prices mixed

Kenyan coffee prices mixed

Prices of Kenyan coffee were mixed at Tuesday's auction with some grades drifting lower due to the low quality on offer, brokers said on Tuesday. The average price rose to $97.52 per 50-kg bag compared with $94.26 at last week's sale.
Published 12 Jul, 2006 12:00am
Wapda given Rs 29 billion more under PSDP

Wapda given Rs 29 billion more under PSDP

In a bid to help thwart ongoing power crisis, the Planning Commission has made available Rs 29 billion to the Water and Power Development Authority (Wapda) under the Public Sector Development Programme (PSDP) for upgradation of its system, besides establi
Published 12 Jul, 2006 12:00am
Brazilian coffee to turn sunny, warmer

Brazilian coffee to turn sunny, warmer

A cold front will cast a few isolated showers in the direction of Brazil's main coffee growing region of southern Minas Gerais before rolling out to sea and giving way to sunny, warm weather, private forecaster Somar said on Tuesday.
Published 12 Jul, 2006 12:00am
Wapda given Rs 29 billion more under PSDP

Wapda given Rs 29 billion more under PSDP

In a bid to help thwart ongoing power crisis, the Planning Commission has made available Rs 29 billion to the Water and Power Development Authority (Wapda) under the Public Sector Development Programme (PSDP) for upgradation of its system, besides establi
Published 12 Jul, 2006 12:00am
Japan steel makers seek further price rises

Japan steel makers seek further price rises

Japan's Nippon Steel Corp and other major steel makers will start price talks with auto makers and shipbuilders this week, seeking price hikes of up to 10 percent to offset high raw materials costs, the Nihon Keizai business daily reported on Tuesday.
Published 12 Jul, 2006 12:00am
Oil cake market rates

Oil cake market rates

Firm trend was seen on the forward cottonseed oilcake market on Tuesday as buyers were active to cover the short-term needs, dealers said. The July vaida was unchanged at Rs 545.50 and the August was also inert at Rs 605.00.
Published 12 Jul, 2006 12:00am
Lacklustre business on cotton market

Lacklustre business on cotton market

Lacklustre business was seen on the cotton market on Tuesday as the buyers preferred to be on sideline due to falling trend in the prices, dealers said. The official spot rate was unchanged at Rs 2575, without upcountry expenses.
Published 12 Jul, 2006 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

The average price of Bangladesh teas fell 2.00 percent to 97.82 taka ($1.40) per kg on a lack of foreign demand at a weekly auction on Tuesday, brokers said.
Published 12 Jul, 2006 12:00am
Kenyan tea prices mixed

Kenyan tea prices mixed

Kenyan tea prices were mixed at Tuesday's auction, with Best Pekoes Ones (BP1s) easing on reduced competition among buyers, brokers said. The Mombasa-based Africa Tea Brokers (ATB) reported fairly good demand for the 86,760 packages on offer.
Published 12 Jul, 2006 12:00am
Upward trend in gram prices

Upward trend in gram prices

Grams prices moved up modestly in the grain market on Tuesday as demand was higher amid tight supply position, dealers said. On the grams side, gram garda Punjab was higher by Rs 50 to Rs 2950-3025, gram dal Punjab followed suit and picked up the same amo
Published 12 Jul, 2006 12:00am
Plastic mouldings mixed on Jodia Bazar

Plastic mouldings mixed on Jodia Bazar

The trading in plastic mouldings compounds closed mixed on Jodia Bazar here, on Tuesday. The following changes were noted.
Published 12 Jul, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 82,972 tonnes of cargo including 51,053 tonnes import, 31,919 tonnes export cargo and 2,057 containers during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 42,846 tonnes dry cargo including 21,310 tonnes ge
Published 12 Jul, 2006 12:00am
South Africa to bring back grade two white maize contract

South Africa to bring back grade two white maize contract

The South African Futures Exchange (SAFEX) said on Tuesday it would reintroduce the grade 2 white maize contract from Wednesday for the first time since 2003, the latest sign that the quality of the crop has suffered.
Published 12 Jul, 2006 12:00am
New York cotton futures higher

New York cotton futures higher

Cotton futures edged up to a firm close on Monday on speculative buying as most players appear to be on the sidelines waiting for release of a key government supply/demand report on Wednesday, dealers said.
Published 12 Jul, 2006 12:00am
Analysts vary on size of US spring wheat crop

Analysts vary on size of US spring wheat crop

The decline of the US spring wheat crop amid scorching weather has been the clear feature of the US wheat market in recent weeks, driving futures on the Minneapolis Grain Exchange to 10-year highs last week.
Published 12 Jul, 2006 12:00am
New York cocoa ends at new 16-month top

New York cocoa ends at new 16-month top

US cocoa futures inched up to a new 16-month high on Monday, with trade selling unable to match active speculative and fund buying for the 11th consecutive trading session, traders said.
Published 12 Jul, 2006 12:00am
MGE wheat settles sharply higher

MGE wheat settles sharply higher

Spring wheat futures at the Minneapolis Grain Exchange settled sharply higher on Monday, rallying from Friday's declines on concerns about hot weather in the northern US Plains production belt, traders said.
Published 12 Jul, 2006 12:00am
Commodity investors earn less this year

Commodity investors earn less this year

Big investors buying into baskets of commodities saw lower returns in the first half of this year, compared with a year ago, as oil generated slimmer gains and the search intensified for new strategies.
Published 12 Jul, 2006 12:00am
Copper higher in New York

Copper higher in New York

COMEX copper futures settled near their session highs on Monday, albeit in thin dealings, as dealers noted the inactivity of the funds held the market in a quiet trading range.
Published 12 Jul, 2006 12:00am
New York gold dips amid profit-taking

New York gold dips amid profit-taking

Gold futures in New York settled sharply lower on speculative profit-taking sparked by weaker oil prices and geopolitical issues, dealers said. Chart-based and currency-related selling also dragged the metal further away from Friday's one-month high, as t
Published 12 Jul, 2006 12:00am
Tokyo gold rebounds on buybacks

Tokyo gold rebounds on buybacks

Tokyo gold futures rebounded on Tuesday as short-covering was prompted by a recovery in spot bullion prices, but gains were limited due to softer oil prices and uncertainty about the direction of the currency market.
Published 12 Jul, 2006 12:00am
Gold moves back in Asia

Gold moves back in Asia

Gold rebounded on Tuesday as buying interest from investors resurfaced at lower levels, but dealers said the market lacked impetus to break free from the current range.
Published 12 Jul, 2006 12:00am
CBOT rice down in light volume

CBOT rice down in light volume

Rough rice futures at the Chicago Board of Traded closed weak on Monday after a lightly traded session, floor traders said. "It was hard to establish a trend commercial activity was light and on both sides," one rice broker said. July rice closed steady a
Published 12 Jul, 2006 12:00am
Oil slips further from peak ahead of Iran talks

Oil slips further from peak ahead of Iran talks

Oil eased on Tuesday, falling for a fourth session on extended profit taking from last week's record high and hopes of progress towards resolving Iran's atomic stand-off when Iranian and EU officials meet later in the day.
Published 12 Jul, 2006 12:00am
New York sugar sharply lower

New York sugar sharply lower

Raw sugar prices tumbled on Monday on speculative selling, and the soft tone was compounded by the weakness of other commodity markets, brokers said. The New York Board of Trade's October raw sugar contract sank 0.41 cent, or 2.4 percent, to close at 16.4
Published 12 Jul, 2006 12:00am
Shanghai copper rises to narrow gap

Shanghai copper rises to narrow gap

Copper futures rose in Shanghai on Tuesday as traders sought to narrow a wide gap between Shanghai and London Metal Exchange futures that has spurred Chinese exports and discouraged imports.
Published 12 Jul, 2006 12:00am
Soybean futures firm after volatile session

Soybean futures firm after volatile session

Soybean futures at the Chicago Board of Trade ended firm on Monday after a volatile session, with prices seeing a 12-cent range amid differing views of US Midwest crop forecasts, traders said. "Everybody seems focused not so much on the near-term but whet
Published 12 Jul, 2006 12:00am
Japan seeks wheat at tender

Japan seeks wheat at tender

Japan's Agriculture Ministry is seeking to buy 103,000 tonnes of wheat from the United States, Canada and Australia at this week's regular tender, a ministry official said on Tuesday. It is also looking to buy 2,000 tonnes of barley from Australia. Shipme
Published 12 Jul, 2006 12:00am
Indian sugar, soyaoil and wheat futures rise

Indian sugar, soyaoil and wheat futures rise

Indian sugar and soyaoil futures rose on Tuesday on short covering by traders, while wheat futures gained slightly. The July sugar contract at the National Commodity and Derivatives Exchange (NCDEX) was up 9 rupees at 1,894 per 100 kg.
Published 12 Jul, 2006 12:00am
Tokyo rubber off four-week low

Tokyo rubber off four-week low

Tokyo rubber futures reversed losses and ended higher on Tuesday after gains in other commodities spurred new buying interest from investors. The key, most distant December Tokyo Commodity Exchange rubber had dropped to a four-week low of 282.8 yen ($2.48
Published 12 Jul, 2006 12:00am
Malaysian palm oil higher

Malaysian palm oil higher

Malaysian crude palm oil futures closed marginally higher on Tuesday because of firm soyaoil prices but gains were limited by large stocks and slow exports, dealers said. "There was a lot of buying in the afternoon session because of soyabean oil prices,"
Published 12 Jul, 2006 12:00am
Atomic power needed to fight global warming: Britain

Atomic power needed to fight global warming: Britain

Britain must build new nuclear power plants, get more electricity from wind and waves and curb energy use to counter global warming and safeguard power supplies, Trade Minister Alistair Darling said on Tuesday.
Published 12 Jul, 2006 12:00am
WTO states agree to ease approval of regional pacts

WTO states agree to ease approval of regional pacts

The World Trade Organisation (WTO) said on Tuesday member countries have agreed to ease approval of the rapidly growing number of regional trade pacts - often seen as a threat to the body's future.
Published 12 Jul, 2006 12:00am
ECB allots refinancing at 2.81 percent lowest rate

ECB allots refinancing at 2.81 percent lowest rate

The European Central Bank allocated 321.5 billion euros in 7-day refinancing agreements on Tuesday at 2.81 percent and above for a weighted average rate of 2.82 percent.
Published 12 Jul, 2006 12:00am
UK May trade deficit widens unexpectedly

UK May trade deficit widens unexpectedly

Britain's goods trade deficit with the rest of the world widened unexpectedly in May to its second highest on record as the country once again became a net importer of oil, official data showed on Tuesday.
Published 12 Jul, 2006 12:00am
Gulf gas grid falls victim to Saudi, UAE border row

Gulf gas grid falls victim to Saudi, UAE border row

A vital $3.5 billion project to supply Qatari gas to the United Arab Emirates has been dragged into a territorial dispute between Saudi Arabia and the UAE, but industry sources did not expect any lasting repercussions.
Published 12 Jul, 2006 12:00am
EU finance ministers happy with growth

EU finance ministers happy with growth

Finance ministers of Europe's single currency zone took the prospect of another rapid hike in ECB interest rates on the chin during Tuesday talks marked by a renewed show of confidence in the economic outlook.
Published 12 Jul, 2006 12:00am