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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-08-10
US MIDDAY: corn moves up

US MIDDAY: corn moves up

Corn futures at the Chicago Board of Trade were firm early on Wednesday, in quiet consolidation trading noted after Tuesday's fall to a six-week low, traders said. Corn fell into or near oversold technical levels, leaving open the potential at least a mil
Published 10 Aug, 2006 12:00am
Survey of all overhead water tanks in DHA ordered

Survey of all overhead water tanks in DHA ordered

A very large number of people on Wednesday visited the site of the collapsed water tank in Phase V of the Defence Housing Authority, which came down yesterday with a huge bang after three of its pillars cracked and broke, reports UPP.
Published 10 Aug, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, August 10, 2006.

Published 10 Aug, 2006 12:00am
Warid signs joint venture with Congo Telecom

Warid signs joint venture with Congo Telecom

Warid Telecom International has signed a joint venture (JV) agreement with the Societe Des Telecommunication Du Congo, the telecommunication arm of the government of the Republic of Congo for the provision of mobile telecommunication services in the count
Published 10 Aug, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, August 10, 2006.

Published 10 Aug, 2006 12:00am
Mobilink largest contributor to FDI

Mobilink largest contributor to FDI

Mobilink with an investment of over $1.2 billion, is one of the largest single contributors to the foreign direct investment (FDI). These words were expressed by Vice President Marketing Mobilink, Bilal Munir Sheikh while addressing a press briefing at th
Published 10 Aug, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, August 10, 2006.

Published 10 Aug, 2006 12:00am
Ufone enjoys 25 percent share of cellular market

Ufone enjoys 25 percent share of cellular market

Despite a number of growth inhibiting factors like delays in roll-out, site acquisition and NOCs, activation tax, multiple tariff clutter, Ufone currently enjoys nearly 25 percent of the total market share with 7.5 million subscriber base.
Published 10 Aug, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (August 09, 2006) and for Thursday (August 10, 2006).
Published 10 Aug, 2006 12:00am
Telenor launches high-speed internet/data transfer service

Telenor launches high-speed internet/data transfer service

Telenor Pakistan has announced the launch of EDGE - an advanced high-speed mobile Internet and data service - on its network. The service will allow Telenor Pakistan customers to connect to the internet, download content, send and receive data including d
Published 10 Aug, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 09, 2006).

Published 10 Aug, 2006 12:00am
ZTE highlights future march to NGMN

ZTE highlights future march to NGMN

Dr Cao Qiang, Vice-President Mobility Division, ZTE Corporation, during his address at a opening session of the ITCN Asia, 2006, highlighted the future march to the Next Generation Mobile Networks (NGMN) and ZTE's commitment towards this trend beyond 3G.
Published 10 Aug, 2006 12:00am
Newspaper holiday

Newspaper holiday

The All Pakistan Newspapers Society (APNS) on Wednesday announced that its member publications would observe Monday (August 14) as holiday on account of Independence Day.
Published 10 Aug, 2006 12:00am
Prime Minister to inaugurate Buraq Express on August 14

Prime Minister to inaugurate Buraq Express on August 14

Prime Minister Shaukat Aziz will be inaugurating another train service named Buraq Express from Rawalpindi to Karachi on August 14, in a bid to provide comfortable and fast travelling services to people. Federal Minister for Railways, Sheikh Rashid Ahmed
Published 10 Aug, 2006 12:00am
Call to celebrate Independence Day in simple way

Call to celebrate Independence Day in simple way

A member of the Lahore High Court Bar Association (LHCBA) has requested the President of Pakistan to announce celebrations of Independence Day in a simple but impressive manner.
Published 10 Aug, 2006 12:00am
16,000 women councillors being trained

16,000 women councillors being trained

With a view to creating greater awareness about women's rights, rehabilitation and empowerment, the Punjab government is imparting training to 16,000 women councillors of the province.
Published 10 Aug, 2006 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 10 Aug, 2006 12:00am
Punjab University facilitates candidates seeking admission

Punjab University facilitates candidates seeking admission

Four newly established NTS centres at Punjab University College of Pharmacy, PU Old Campus, Undergraduate Block, Institute of Business & Information Technology and Institute of Administrative Sciences have started functioning.
Published 10 Aug, 2006 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 10 Aug, 2006 12:00am
Essential items supply on cheap rates being ensured

Essential items supply on cheap rates being ensured

Punjab Industries, Commerce and Investment Minister Muhammad Ajmal Cheema has said that district market committees and price control committees would be further activated to ensure smooth supply of essential items to the consumers on reasonable rates.
Published 10 Aug, 2006 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 10 Aug, 2006 12:00am
Government urged to control power and fuel prices

Government urged to control power and fuel prices

While appreciating the Chief Minister Punjab Chaudhry Pervez Elahi for providing commodities at affordable prices to the poor people, President Citizens Rights Association (CRA) Nasir Ahmed has urged the government to control power and fuel prices as well
Published 10 Aug, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (August 09, 2006) and the forecast for Thursday (August 10, 2006).
Published 10 Aug, 2006 12:00am
Woolmer responsible for defeat: Qadir

Woolmer responsible for defeat: Qadir

Former leg-spinner Abdul Qadir has held Pakistani coach Bob Woolmer responsible for massive 167 runs defeat in the third Test at Headingley Leeds. "What role our highly paid coach Bob Woolmer is playing in such a situation. Pakistan suffered massive defea
Published 10 Aug, 2006 12:00am
Women football team announced

Women football team announced

Sindh Women Football Association (SWFA) has announced its 16-member team to participate in the 2nd National women football championship to be played from August 18-28 at Islamabad.
Published 10 Aug, 2006 12:00am
Table tennis team for South Asia Games

Table tennis team for South Asia Games

A 10-member Pakistan Table Tennis team has been announced for taking part in the South Asia Games to be held in Colombo from August 18 to 28. According to sources in Pakistan Sports Board, the team is comprised of five males and the similar number of fema
Published 10 Aug, 2006 12:00am
PPP for probe into citizens disappearances

PPP for probe into citizens disappearances

Pakistan Peoples Party has expressed grave concern over the increasing incidents of kidnappings and mysterious disappearances of citizens allegedly by state agencies, and called for full disclosure of those disappeared, recovery of victims and for followi
Published 10 Aug, 2006 12:00am
Rally condemns Israeli aggression

Rally condemns Israeli aggression

Traders and shopkeepers on Wednesday staged a demonstration to condemn the Israeli aggression on Lebanon and the massacre of the Palestinians. All Pakistan Traders Alliance and the Markazi Anjuman Tajiran organised the demonstration.
Published 10 Aug, 2006 12:00am
Call for ensuring quality printing of Holy Quran

Call for ensuring quality printing of Holy Quran

A meeting to review work on safekeeping and recycling of worn out/torn pages of the Holy Quran and ensure quality printing of new publications was held at the Aiwan-e-Auqaf here on Wednesday.
Published 10 Aug, 2006 12:00am
Strategy evolved for soccer ball making on scientific lines

Strategy evolved for soccer ball making on scientific lines

The Chief Executive Officer Small and Medium Enterprise Authority (Smeda) Khawaja Shahab Anwar has said that a multi-dimensional strategy has been evolved for tracking the soccer ball manufacturing on modern and scientific lines.
Published 10 Aug, 2006 12:00am
Hashmi case hearing adjourned

Hashmi case hearing adjourned

An accountability court on Wednesday put off till September 06 the proceedings in a reference against Javed Hashmi MNA, after recording the statement of three defence witnesses. The court adjourned the proceedings for cross-examination and recording the s
Published 10 Aug, 2006 12:00am
Hasan Turabi murder case: IO told to submit charge sheet till August 16

Hasan Turabi murder case: IO told to submit charge sheet till August 16

Administrative judge of anti terrorism court in Karachi on Wednesday extending further seven days time directed police to submit charge sheet on August 16, 2006, against three suspects, accused of masterminding suicide attack to kill Pakistan Islami Tehri
Published 10 Aug, 2006 12:00am
JPMC director asked to examine injured UTP

JPMC director asked to examine injured UTP

Sindh High Court on Wednesday directed director of Jinah Postgraduate Medical Centre Karachi to convene a medical board for examining whether injured under trial prisoner (UTP) has any bullet in his body and if so it could be removed without causing him f
Published 10 Aug, 2006 12:00am
LHC directs DPO to recover children

LHC directs DPO to recover children

The Lahore High Court (LHC) has directed DPO Sargodha to get recovered two children from the illegal custody of one Muhammad Ansar and produced them before the court. The court passed these directions in a petition filed by Shamim Akhtar, mother of both t
Published 10 Aug, 2006 12:00am
Lashkar activist executed

Lashkar activist executed

The killer of a Shia leader was executed on Wednesday in Multan jail after the President rejected his mercy plea. Hafiz Shafiur Rahman was arrested in 1997 for killing district President of Tehrik-e-Jaafria Ijaz Shah.
Published 10 Aug, 2006 12:00am
'Supreme Court judgement in PSM case to attract investment'

'Supreme Court judgement in PSM case to attract investment'

Dr Farogh Naseem, an advocate of the Supreme Court and analyst of the constitutional and legal affairs, has said the detailed judgement of the Supreme Court in the Steel Mills case is a clear message to international investors that there is a congenial en
Published 10 Aug, 2006 12:00am
Ban on deep-sea fishing trawlers demanded

Ban on deep-sea fishing trawlers demanded

Representatives of various groups dealing in fishing, in its marketing and by-products have demanded complete ban on deep sea trawlers for protection of their rights and livelihood, besides calling for effective measures for the development of fishermen c
Published 10 Aug, 2006 12:00am
600 Pakistanis deported from Muscat arrested

600 Pakistanis deported from Muscat arrested

Immigration Department has arrested 600 Pakistanis deported from Muscat for illegal migration, here on Tuesday. According FIA sources these Pakistanis were off-loaded at Ghass Bunder on arrival from Muscat by Al Tawaqal Boat.
Published 10 Aug, 2006 12:00am
Poverty alleviation top priority: Elahi

Poverty alleviation top priority: Elahi

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that the government is attaching top priority to poverty alleviation, removal of backwardness as well as provision of basic amenities in southern Punjab and besides provision of urban facilities in 21
Published 10 Aug, 2006 12:00am
Growers offered incentive on output, supply of clean cotton

Growers offered incentive on output, supply of clean cotton

The government will provide Rs 50 per maund cotton seed (phutti) to growers as premium on production and supply of clean and standardised cotton to six selected ginning factories of Sindh. This was decided at a meeting held in Karachi recently under the c
Published 10 Aug, 2006 12:00am
Visa launches ICC Champions Trophy promotion

Visa launches ICC Champions Trophy promotion

Visa International has announced the launch of its special promotion for the ICC Championships Trophy 2006. According to a press release issued here on Wednesday, Visa is the official regional sponsor of the ICC cricket tournament for the South Asia regio
Published 10 Aug, 2006 12:00am
ITCN-Asia expo opens in Karachi

ITCN-Asia expo opens in Karachi

The present trend of organising exhibitions in the country has attracted foreign investment and boosted the economic activities in Pakistan. This was stated by former federal investment and privatisation minister Dr Abdul Hafeez Sheikh while speaking at t
Published 10 Aug, 2006 12:00am
Six Afghans held

Six Afghans held

Pakistan Coast Guards (PCG) on Wednesday apprehended six Afghan nationals on charges of illegal immigration from Kumb (Pak-Iran border). According to a PCG release, coast guards during routine patrolling apprehended these illegal immigrants, who were tryi
Published 10 Aug, 2006 12:00am
Tax defaulters asked to file invoice of summary regularly

Tax defaulters asked to file invoice of summary regularly

The Sales Tax House, Karachi has directed tax defaulters to file invoice of summary regularly otherwise they would face legal action. Officials in the sales tax house told Business Recorder that the defaulters had been asked that in case of consist
Published 10 Aug, 2006 12:00am
Commemorative stamps

Commemorative stamps

The Pakistan Post Office, on the occasion of Independence Day, is issuing ten commemorative Postage Stamps of Rs 4 denomination on Painters of Pakistan Series, an official handout said here on Wednesday.
Published 10 Aug, 2006 12:00am
Pakistan Demographic and Health Survey launched

Pakistan Demographic and Health Survey launched

National Institute of Population Studies (NIPS) on Wednesday launched Pakistan Demographic and Health Survey (PDHS) 2006-07 with initial funding of $1.5 million provided by USAID. Addressing the launching ceremony here, Dr Saeed Shafqat, Executive Directo
Published 10 Aug, 2006 12:00am
Baggage rules for tourists

Baggage rules for tourists

Tourists, who get cleared duty-free personal/professional equipment under the new 'baggage rules', can not sell these items locally, and would take such items out of the country with them, or may export these on or before their departure from Pakistan.
Published 10 Aug, 2006 12:00am
CDA plan to set up EDMC in the offing

CDA plan to set up EDMC in the offing

The Capital Development Authority (CDA) is working on plan to establish a centralised Emergency and Disaster Management Cell (EDMC) in Islamabad, which expected to be finalised soon.
Published 10 Aug, 2006 12:00am
Citrus growers, exporters seek incentives

Citrus growers, exporters seek incentives

Citrus growers, processors and exporters have sought certain incentives from Federal Ministry for Food, Agriculture and Livestock (Minfal) to boost the production and expand market access.
Published 10 Aug, 2006 12:00am
27 more NBP branches to collect sales tax, FED

27 more NBP branches to collect sales tax, FED

The taxpayers have been allowed to deposit sales tax and federal excise duty (FED) in 27 more designated branches of the National Bank of Pakistan (NBP). The CBR has amended SRO.524(I)/2006 through an SRO.802 issued on Wednesday.
Published 10 Aug, 2006 12:00am
27 more NBP branches to collect sales tax, FED

27 more NBP branches to collect sales tax, FED

The taxpayers have been allowed to deposit sales tax and federal excise duty (FED) in 27 more designated branches of the National Bank of Pakistan (NBP). The CBR has amended SRO.524(I)/2006 through an SRO.802 issued on Wednesday.
Published 10 Aug, 2006 12:00am
Nadra issues 52 million CNICs

Nadra issues 52 million CNICs

National Database and Registration Authority (Nadra) has issued 52 million computerised national identity cards (CNICs) so far and was working extensively to ensure provision of these cards to the whole population within minimum possible time.
Published 10 Aug, 2006 12:00am
Lithotripsy machine at LGH installed

Lithotripsy machine at LGH installed

The new lithotripsy machine that was installed at a cost of Rs 27.5 million at the Lahore General Hospital (LGH) would help dissolve kidney stone up to 2.5 cm size without rendering the patient unconscious.
Published 10 Aug, 2006 12:00am
'Social mobilisation key to strengthen immunisation drive'

'Social mobilisation key to strengthen immunisation drive'

A three-day training workshop on social mobilisation for expanded programme for immunisation (EPI) was kicked off in Peshawar on Wednesday with a purpose to develop a pool of social mobilisers at district level to convince parents to provide vaccines to t
Published 10 Aug, 2006 12:00am
Askari Bank to achieve ISO 27001 certification

Askari Bank to achieve ISO 27001 certification

At the inaugural session of ITCN Asia 2006, ICIT, chief guest Shaharyar Ahmad, President & Chief Executive Askari Commercial Bank Ltd announced Askari Bank's decision to go for ISO 27001 Certification, thereby making Askari Bank the first bank in Pakistan
Published 10 Aug, 2006 12:00am
Hashoo Group, Tejari enter into deal

Hashoo Group, Tejari enter into deal

Tejari, a UAE-based leading business-to-business online marketplace, on Wednesday signed an agreement with the Hashoo Group, according to which Hashoo Group will be the operator of Tejari in Pakistan and will offer online procurement services to both the
Published 10 Aug, 2006 12:00am
Khokhar hopeful of Pak-India peace talks resumption

Khokhar hopeful of Pak-India peace talks resumption

Former Foreign Secretary Riaz Khokhar has expressed hope that deadlock between Islamabad and New Delhi over the ongoing peace efforts would be temporary one. In an Interview on Wednesday, he was confident that the dialogue would resume at some stage.
Published 10 Aug, 2006 12:00am
Double standard of world creating more problems: Mushahid

Double standard of world creating more problems: Mushahid

Senate Foreign Relations Committee's Chairman Senator Mushahid Hussain Sayed on Tuesday urged the world community to avoid double standards on issues concerning the Muslim Ummah. He was talking to International Crisis Group President Gareth Evans, at a lu
Published 10 Aug, 2006 12:00am
No threat to LoC ceasefire: foreign office

No threat to LoC ceasefire: foreign office

The Foreign Office has described a news report as 'pure fabrication and figment of imagination' that the LoC ceasefire under threat. "No official of the Ministry of Foreign Affairs could have spoken to the author of the story," the Foreign Office spokespe
Published 10 Aug, 2006 12:00am
No threat to LoC ceasefire: foreign office

No threat to LoC ceasefire: foreign office

The Foreign Office has described a news report as 'pure fabrication and figment of imagination' that the LoC ceasefire under threat. "No official of the Ministry of Foreign Affairs could have spoken to the author of the story," the Foreign Office spokespe
Published 10 Aug, 2006 12:00am
Tusdec establishing SDCs in quake zone

Tusdec establishing SDCs in quake zone

Technology Upgradation and Skill Development Company (Tusdec) is establishing Skill Development Centers (SDCs) in the fields of construction, furniture-making and hospitality and tourism in the areas affected by the earthquake on 8th October, 2005.
Published 10 Aug, 2006 12:00am
Petitioner fined

Petitioner fined

The Lahore High Court (LHC) has imposed a fine of Rs 5,000 to a petitioner Ghulam Shahbir for filing a fake petition before the court. According to the details, the petitioner had approached the court for the recovery of his relatives from the illegal cus
Published 10 Aug, 2006 12:00am
Two killed

Two killed

Two people were gunned down in separate incidents here on Wednesday. Imran with the help of his accomplices shot dead Safdar who was married to Razia two days before to the annoyance of Razia's brother in Shahpur area of Chung. Four persons murdered Rana
Published 10 Aug, 2006 12:00am
Bank of Punjab Haj scheme draw held

Bank of Punjab Haj scheme draw held

The Bank of Punjab (BoP) has held draw of BoP Haj scheme and announced two lucky subordinate employees for the coming Hajj. According to a BoP spokesman here on Wednesday, balloting for the year 2006 was held on August 3 with Bank's President Hamesh Khan
Published 10 Aug, 2006 12:00am
The lode-star for future privatisations

The lode-star for future privatisations

The anxiously awaited detailed order of the Supreme Court of Pakistan against the process employed for the disinvestment of government stake in Pakistan Steel Mills has finally been announced. Although the apex court had struck down the Pakistan Steel sal
Published 10 Aug, 2006 12:00am
The threat of a wider war

The threat of a wider war

While the western backers of Israel are pointing accusatory fingers at Syria and Iran for these countries' alleged backing of the Hezbollah fighters in Lebanon, Syrian Foreign Minister Walid Muallem said on Sunday that his country is ready for a regional
Published 10 Aug, 2006 12:00am
Need for more market access for developing countries

Need for more market access for developing countries

Among the various social and economic measures identified to arrest growing poverty, particularly in low income developing countries, high or rather accelerated economic growth rate is considered as the most effective and speediest tool to achieve economi
Published 10 Aug, 2006 12:00am
Israeli war crimes aimed at cleansing south Lebanon

Israeli war crimes aimed at cleansing south Lebanon

On Tuesday, Israeli warplanes struck the southern Lebanese town of Ghaziyeh, killing at least 14 people. Missiles demolished civilian homes just as some 1,500 mourners were participating in a procession to bury 15 of their relatives and neighbours slain j
Published 10 Aug, 2006 12:00am
Government's follies

Government's follies

In her letter on former PM's article in an Indian newspaper, Syeda Mahwish Fatima Naqvi has criticised Benazir Bhutto and in doing so has defended the Musharraf regime and blamed previous governments for all the wrongs that present government is trying to
Published 10 Aug, 2006 12:00am
Underpass and swimming pool

Underpass and swimming pool

The underpass at Clifton has overnight turned into a swimming pool due to rain. All those responsible for the construction of this dual-purpose underpass must be congratulated - a marvellous feat - underpass-cum-swimming pool.
Published 10 Aug, 2006 12:00am
Education managers posting notified

Education managers posting notified

The Services & General Administration Department, Government of Sindh, on Wednesday notified postings of five regional education managers (REM) (colleges) for five region ie Karachi, Hyderabad, Larkana, Mirpurkhas and Sukkur as well as 15 education manage
Published 10 Aug, 2006 12:00am
Ashraf Qazi to visit FPCCI

Ashraf Qazi to visit FPCCI

FPCCI has invited Federal Education Minister Lieutenant General Javaid Ashraf Qazi (retd) to meet the FPCCI members on August 11 at 2:45 pm at Federation House, Karachi.
Published 10 Aug, 2006 12:00am
$18 billion export target to be attained: minister

$18 billion export target to be attained: minister

Punjab Minister for Industries, Commerce and Investment Muhammad Ajmal Cheema said on Wednesday the government would be succeeded in attaining 18 billion-dollar export target during current fiscal year. "Pakistan has become ideal for foreign investment an
Published 10 Aug, 2006 12:00am
'Government committed to creating awareness about small family'

'Government committed to creating awareness about small family'

Parliamentary Secretary for Population Welfare, Dr Donia Aziz said government had taken a number of new initiatives with a view to create awareness among the masses about small family concept. She was addressing training programme for supervisory and fiel
Published 10 Aug, 2006 12:00am
US MIDDAY: gold races up

US MIDDAY: gold races up

COMEX gold and silver futures both advanced in early Wednesday business, as the dollar weakened following the Federal Reserve's late Tuesday decision to keep US interest rates steady, traders said.
Published 10 Aug, 2006 12:00am
US MIDDAY: soyabeans firm, quiet

US MIDDAY: soyabeans firm, quiet

Soya futures at the Chicago Board of Trade were firm and quiet early on Wednesday amid a short-covering bounce after Tuesday's drop to a four-month low, traders said. The decline left soya at or near oversold technical areas, leaving open the potential fo
Published 10 Aug, 2006 12:00am
US MIDDAY: copper higher

US MIDDAY: copper higher

Copper futures in New York traded higher at the open on Wednesday, but floor dealers cited extremely thin business with prices mired in recent trading ranges.
Published 10 Aug, 2006 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Soft red winter wheat futures at the Chicago Board of Trade were higher at midmorning on Wednesday in a light rebound from Tuesday's sharp technical declines, traders said.
Published 10 Aug, 2006 12:00am
Jakarta shares jump

Jakarta shares jump

Jakarta share prices closed 1.22 percent higher on Wednesday, with gains in banking stocks, Astra International and Perusahaan Gas Negara helping push the index to close at its high for the day, dealers said.
Published 10 Aug, 2006 12:00am
Taiwan stocks finish firmer

Taiwan stocks finish firmer

Taiwan stocks reversed earlier losses and ended up 1.09 percent on Wednesday to a closing high in about 3-1/2 weeks as steady July sales and a more optimistic second half brought back momentum in technology shares, such as HTC.
Published 10 Aug, 2006 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed slightly higher on Wednesday as the market began to digest the US Federal Reserve's decision to keep its key rate unchanged, while the benchmark index gained support by defensive buying of large-cap blue chips, dealers said.
Published 10 Aug, 2006 12:00am
Hong Kong shares rally to six-year peak

Hong Kong shares rally to six-year peak

Hong Kong stocks jumped 1.75 percent on Wednesday to close at their highest level in nearly six years, following a rally in Japanese shares and a decision by the US Federal Reserve to hold interest rates steady. China Mobile led blue chips higher, surging
Published 10 Aug, 2006 12:00am
US stocks dip as growth worries offset Fed's pause

US stocks dip as growth worries offset Fed's pause

US stocks fell on Tuesday as investors worried that slowing economic growth would hurt corporate profits despite a pause in the Federal Reserve's two-year campaign of raising interest rates.
Published 10 Aug, 2006 12:00am
US Treasuries end slightly higher

US Treasuries end slightly higher

US government debt prices were slightly higher on Tuesday as short-term rates rose after the Federal Reserve held interest rates unchanged after its policy meeting for the first time in over two years.
Published 10 Aug, 2006 12:00am
US Treasuries end slightly higher

US Treasuries end slightly higher

US government debt prices were slightly higher on Tuesday as short-term rates rose after the Federal Reserve held interest rates unchanged after its policy meeting for the first time in over two years.
Published 10 Aug, 2006 12:00am
Indian shares surge

Indian shares surge

Indian share prices closed up 1.18 percent on Wednesday after pause in interest rate hikes by the US Federal reserve and fresh buying by local funds after the benchmark crossed the technical level of 11,000 points, dealers said.
Published 10 Aug, 2006 12:00am
Thai share prices slightly down

Thai share prices slightly down

Thai share prices closed 0.40 percent lower on Wednesday on profit-taking in the rate-sensitive banking sector following the US Federal Reserve's decision to halt its long rate hike cycle, dealers said.
Published 10 Aug, 2006 12:00am
Philippines shares decline

Philippines shares decline

Philippines share prices closed 0.78 percent lower on Wednesday on profit-taking triggered by weak results from Philippine Long Distance Telephone and Wall Street's retreat overnight, dealers said.
Published 10 Aug, 2006 12:00am
Nikkei hits two-month closing high

Nikkei hits two-month closing high

The Nikkei average made a dramatic turnaround to hit its highest close in two months on Wednesday as surprisingly strong machinery orders data helped to reverse its early loss by as much as 1.45 percent.
Published 10 Aug, 2006 12:00am
Hong Kong dollar ends off day's lows

Hong Kong dollar ends off day's lows

The Hong Kong dollar recovered some ground on Wednesday afternoon, tracking other currencies as the US dollar lost some support in late Asian trade. The US dollar had been boosted in the morning across Asia after the US Federal Reserve left interest rates
Published 10 Aug, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 69.49/69.7650 (previous 69.49/69.7850). Call Money Rates: 6.25-11.00 percent (previous 6.25-11.00 percent).
Published 10 Aug, 2006 12:00am
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