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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-08-20
Chilean stocks finish flat

Chilean stocks finish flat

Chilean stocks ended flat on Friday as investors took some profits.The all-market IGPA index edged up 0.04 percent to 10,069.55 points, while the blue chip IPSA index slipped 0.02 percent to 2,168.31, preliminary closing figures showed.
Published 20 Aug, 2006 12:00am
Picic to launch Vision-2010

Picic to launch Vision-2010

Pakistan Industrial Credit and Investment Corporation (Picic) has planned to launch "Vision-2010" to accomplish the mission as a real financial supermarket. This was stated by the Managing Director Picic, Muhammad Ali Khoja while talking to visiting parti
Published 20 Aug, 2006 12:00am
NetSol achieves CMMI Level-5

NetSol achieves CMMI Level-5

NetSol Technologies Limited has achieved the ultimate certification - Capability Maturity Model Integration (CMMI) Level 5 and thus joined the elite club of IT companies in the world. Chief Executive Officer, NetSol Technologies Limited Salim Ghauri revea
Published 20 Aug, 2006 12:00am
AJK seeks global help to restart peace talks

AJK seeks global help to restart peace talks

The Azad Kashmir cabinet called upon the world community to immediately use its diplomatic and political influence to help restart the peace process in South Asia, stalled by arrogant Indian attitude, with focus on the urgency of resolving Kashmir dispute
Published 20 Aug, 2006 12:00am
Workshop held in Punjab University

Workshop held in Punjab University

Punjab University Institute of Bio-Chemistry and Bio-Technology in collaboration with SU Enterprises, Switzerland organised a workshop on "Biochemical Engineering & Fermenter Applications.
Published 20 Aug, 2006 12:00am
Power suspension

Power suspension

The electricity supply to consumers in the jurisdiction of Lesco, Fesco and Gepco will remain partially suspended on Sunday (August 20) from 6.00am to 11.00am due to urgently maintenance work at 500 KV Barotha-Lahore transmission line.
Published 20 Aug, 2006 12:00am
Peace force to Lebanon not yet decided: Kasuri

Peace force to Lebanon not yet decided: Kasuri

Foreign Minister Khurshid Mahmud Kasuri has made it clear that the country has not yet decided to send peacekeeping force to Lebanon. This he stated while talking to journalists in a function here on Saturday.
Published 20 Aug, 2006 12:00am
Health screening database reviewed

Health screening database reviewed

Governor Punjab Lieutenant General Khalid Maqbool (Retd) chairing a meeting reviewed database for health screening of school children prepared by paediatrics department of Fatima Jinnah Medical College here on Saturday.
Published 20 Aug, 2006 12:00am
Moot on curriculum development ends

Moot on curriculum development ends

A five-day international workshop on "Curriculum Development" concluded here at the University of Health Sciences (UHS) on Saturday with a strong note that each medical college should set up or restructure its own Medical Education department, under the s
Published 20 Aug, 2006 12:00am
LHCBA member writes letter to National Assembly speaker

LHCBA member writes letter to National Assembly speaker

A member of the Lahore High Court Bar Association (LHCBA) has written a letter to Speaker National Assembly against Punjab Government for spending huge amount on advertisement campaign under its 'Education for All' programme.
Published 20 Aug, 2006 12:00am
'Free press, judiciary vital for society'

'Free press, judiciary vital for society'

Chief Justice of Pakistan, Justice Iftikhar Hussain Chaudhry has said that free press and independent judiciary are vital for the establishment of a healthy society. While talking to a delegation of columnists, Chief Justice said that judiciary will conti
Published 20 Aug, 2006 12:00am
76 IoK traders to visit AJK

76 IoK traders to visit AJK

A delegation of 76 Indian traders from Indian Occupied Kashmir will visit Azad Jammu and Kashmir while team of 52 businessmen from AJK will come to this side of Line of Control (LoC).
Published 20 Aug, 2006 12:00am
PTA given guidelines on mobile phone jamming issue

PTA given guidelines on mobile phone jamming issue

The Ministry of Information Technology has given policy guidelines to the Pakistan Telecommunication Authority (PTA) to tackle the problem of cellular phone jamming devices being used by the different entities.
Published 20 Aug, 2006 12:00am
Night landing facility at Quetta airport soon

Night landing facility at Quetta airport soon

Federal Defence Ministry has approved the provision of night landing facility at Quetta airport and the facility would soon be available as all the arrangements are being finalised in this regard at a cost of Rs 82 million.
Published 20 Aug, 2006 12:00am
PPP apprises Commonwealth of misuse of state funds

PPP apprises Commonwealth of misuse of state funds

The Pakistan People's Party (PPP) has apprised Commonwealth secretary-general Donald McKinnon of misuse of the poverty alleviation funds. Senator Rukhsana Zuberi, in a letter to the secretary-general, said: "I am writing to inform you the regime in Pakist
Published 20 Aug, 2006 12:00am
MMA hints at referring PSM sell-off issue to joint sitting

MMA hints at referring PSM sell-off issue to joint sitting

In a significant move, the Muttahida Majlis-i-Amal (MMA) has hinted at referring the issue of Pakistan Steel Mills' sell-off to the joint sitting of both houses of the Parliament through NWFP chief minister.
Published 20 Aug, 2006 12:00am
Agencies agree on facilitating airline passengers

Agencies agree on facilitating airline passengers

Pakistan top investigation agencies have agreed to increase co-ordination in facilitating passengers at the international airports. Sources told Business Recorder here on Saturday that the Secretary Revenue Division and Chairman CBR Abdullah Yusuf
Published 20 Aug, 2006 12:00am
'Long-term investment more rewarding than short-term'

'Long-term investment more rewarding than short-term'

The long term investing is more rewarding than looking for short-term gains. These views were expressed by the speakers at an international seminar on "Long Term Investment in Equities & Pension Fund Management" organised by CFA Association of Pakistan (C
Published 20 Aug, 2006 12:00am
'Long-term investment more rewarding than short-term'

'Long-term investment more rewarding than short-term'

The long term investing is more rewarding than looking for short-term gains. These views were expressed by the speakers at an international seminar on "Long Term Investment in Equities & Pension Fund Management" organised by CFA Association of Pakistan (C
Published 20 Aug, 2006 12:00am
Demographic and Health Survey

Demographic and Health Survey

The Pakistan Demographic and Health Survey (PDHS) 2006-07, launched by the National Institute of Population Studies, is the first survey since 1994 to collect data on maternal and child mortality country-wide. According to a Recorder Report, data o
Published 20 Aug, 2006 12:00am
The deluge and after

The deluge and after

Life in Karachi, once again, came to a standstill following widespread flooding caused by the second monsoon cloudburst in a month lasting about three hours last Thursday. With water, water everywhere, leaving people helplessly caught in a deluge. Beaten
Published 20 Aug, 2006 12:00am
Rationality of economic decision-making-II

Rationality of economic decision-making-II

The behaviour of business and industrial communities during the decades of sixties and seventies is quite revealing. The distinctive feature of the decade of sixties from the economic point of view, broadly speaking, was measures taken by the government t
Published 20 Aug, 2006 12:00am
'Goodbye to Unipolar World', says Nasrallah

'Goodbye to Unipolar World', says Nasrallah

From an interview conducted shortly before the ceasefire by reporters from the Turkish Labour Party daily, Evrensel. What is the current state of your relations with the Socialist movement? Hasan Nasrallah: The socialist movement, which has been away from
Published 20 Aug, 2006 12:00am
Quaidabad flyover bridge

Quaidabad flyover bridge

The Landhi Industrial Area and its adjoining industrial areas house some of the largest manufacturing concerns in Pakistan. Some of these are: Indus Motors, Al-Karam Textiles, Gul Ahmed Textiles, Pakistan Machine Tool Factory, Steel Mills and Port Qasim.
Published 20 Aug, 2006 12:00am
UBL pensioners

UBL pensioners

A letter from Amjad Khan, on the above subjects, has appeared in your column on August 7. One would wonder how could UBL pensioners suffer at the hands of private management, when they had joined a pension scheme established for their benefit with the ble
Published 20 Aug, 2006 12:00am
Banks' BoD meetings abroad

Banks' BoD meetings abroad

Please refer to the news that appeared in the press that the State Bank has allowed our banks in Pakistan to hold the maximum of four BoD meetings outside Pakistan.
Published 20 Aug, 2006 12:00am
Gastro kills two more in Multan

Gastro kills two more in Multan

Another 50 patients of gastro-enteritis were admitted in Nishtar Hospital, Children complex and other Government hospitals on Saturday, while Wazir Ahmed's wife and her minor son died in village- 9 kassi, a suburb of Multan and at least eight persons have
Published 20 Aug, 2006 12:00am
'Tax-free industrial zone to be set up in Pasrur'

'Tax-free industrial zone to be set up in Pasrur'

Provincial Labour and Human Resources Minister, Syed Akhtar Hussain Rizvi has said that necessary arrangements were being finalised for setting up "Tax-Free" industrial zone for ten year in Pasrur.
Published 20 Aug, 2006 12:00am
Pollution-free environment for industries being planned

Pollution-free environment for industries being planned

Industries Minister Punjab Muhamad Ajmal Cheema on Saturday said a comprehensive strategy was being evolved for ensuring pollution-free environment in industrial sector of the province. "Hefty amount is being spent on the project to ready for implementati
Published 20 Aug, 2006 12:00am
Textile exporters demand release of stuck up funds

Textile exporters demand release of stuck up funds

Pakistan Textile Exporters Association (PTEA) Chairman, Rana Arif Tauseef has urged for release of billions of stuck up funds of textile exporters and industrialists in deferred sales tax claims as well as duty drawback denial on duty paid stocks extant i
Published 20 Aug, 2006 12:00am
Energy sector: deal with Chinese firms to be finalised soon

Energy sector: deal with Chinese firms to be finalised soon

Chinese private companies will soon finalise deals with their Pakistani partners to make investment in petroleum and natural resources sector, said sources with China Chamber of Commerce for Petroleum Industry (CCPI). The CCPI will send a delegation to Pa
Published 20 Aug, 2006 12:00am
Projects initiated to boost agriculture exports

Projects initiated to boost agriculture exports

Various projects have been initiated to help boost the export of fruit and vegetables and eradicate hurdles inhibiting export growth. A departmental meeting of Agriculture Marketing held to review progress on ongoing development projects.
Published 20 Aug, 2006 12:00am
Rains play havoc with crops

Rains play havoc with crops

Provincial Law Minister Chaudhry Iftikhar Ahmed has said that the recent rains in Sindh have played havoc with standing crop of cotton and disturbed sowing of onion, chillies and other cash crops.
Published 20 Aug, 2006 12:00am
Rs 220 million for replacing old water pipelines

Rs 220 million for replacing old water pipelines

Punjab government has approved a special grant of Rs 220 million for replacing rusty and rotten water pipelines in Sialkot city. Official sources told Business Recorder here on Saturday that Public Health Department would start work on this project
Published 20 Aug, 2006 12:00am
Iraq and Lebanon remain fragile democracies: Bush

Iraq and Lebanon remain fragile democracies: Bush

Iraq and Lebanon remain fragile democracies, and security in the United States depends on democracy taking hold in the Middle East, US President George W. Bush said on Saturday
Published 20 Aug, 2006 12:00am
Iran ready for Israel action after Lebanon war: army

Iran ready for Israel action after Lebanon war: army

A senior Iranian army commander said on Saturday the armed forces were prepared for any action by Israel after what Iran has called the Jewish state's defeat at the hands of Lebanon's Hizbollah guerrillas.
Published 20 Aug, 2006 12:00am
France urges clear mandate for UN force in Lebanon

France urges clear mandate for UN force in Lebanon

French President Jacques Chirac has spoken with leaders from several countries to stress the need for a clearer mandate for an enlarged United Nations peacekeeping force in Lebanon, his office said on Saturday.
Published 20 Aug, 2006 12:00am
Bluetongue disease spreads

Bluetongue disease spreads

An outbreak of bluetongue disease found in Dutch sheep earlier this week has spread to sheep and cattle in neighbouring Belgium, the Belgian agency for food safety (AFSCA) said on Saturday.
Published 20 Aug, 2006 12:00am
Afghanistan celebrates Independence Day; 6 killed

Afghanistan celebrates Independence Day; 6 killed

Four foreign soldiers and two Afghan security force members were killed Saturday as Afghanistan celebrated its Independence Day amid the bloodiest phase of a Taliban insurgency. Three soldiers with the US-led coalition that is hunting down Taliban and oth
Published 20 Aug, 2006 12:00am
Ten immigrants die in Sicily sinking

Ten immigrants die in Sicily sinking

At least 10 people died and as many as 40 were feared missing when a small boat packed with illegal immigrants sank off Sicily on Saturday, prompting Italy to call for greater co-operation to fight human trafficking.
Published 20 Aug, 2006 12:00am
Ambivalence as Russia marks Soviet collapse

Ambivalence as Russia marks Soviet collapse

A protest by Communist supporters marked the start of commemorations Saturday of the 15th anniversary of the day Boris Yeltsin climbed on to a tank to face down a coup aimed at saving the Soviet Union - an event that many Russians now view with ambivalenc
Published 20 Aug, 2006 12:00am
Pakistan 504 all out against England in final Test

Pakistan 504 all out against England in final Test

Pakistan were bowled out for 504 in reply to England's first innings 173, a lead of 331 runs, on the third day of the fourth and final Test at The Oval here Saturday. In reply England were 78 for 1 chasing 331 lead set by Pakistan in the first innings.
Published 20 Aug, 2006 12:00am
All Blacks seal Tri-Nations title

All Blacks seal Tri-Nations title

Lock Chris Jack and centre Luke McAlister scored late tries to give New Zealand a 34-27 victory over Australia on Saturday, sealing the All Blacks' seventh Tri-Nations title. The win ensured the All Blacks head to South Africa for their final two matches
Published 20 Aug, 2006 12:00am
Hingis sweeps into semis

Hingis sweeps into semis

Former world number one Martina Hingis advanced to the semi-finals of the $1.34 million Rogers Cup on Friday, cruising past fourth-seeded Russian Svetlana Kuznetsova 7-6 6-3 in their quarter-final match.
Published 20 Aug, 2006 12:00am
Pakistani men can watch women's soccer

Pakistani men can watch women's soccer

Football authorities in Pakistan have dropped restrictions on men watching women play soccer a senior official said on Saturday. "Anybody can come and watch the matches," Pakistan Football Federation technical director Mir Farooq told Reuters.
Published 20 Aug, 2006 12:00am
Nadal, Murray bow out

Nadal, Murray bow out

Second seed Rafael Nadal lost 7-6 7-6 to an inspired Juan Carlos Ferrero in the quarter-finals of the Cincinnati Masters on Friday, a day when the enterprising run of British teenager Andy Murray also came to an end.
Published 20 Aug, 2006 12:00am
IMM speculators extend bets on sterling to new record

IMM speculators extend bets on sterling to new record

International Money Market currency speculators extended their bets on sterling to a fresh record and maintained hefty positions against the dollar in the week ended August 15, data released on Friday showed.
Published 20 Aug, 2006 12:00am
Forex market views and key levels

Forex market views and key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market:
Published 20 Aug, 2006 12:00am
Canadian dollar eases

Canadian dollar eases

The Canadian dollar closed the week roughly where it began, after losing ground against the US currency on Friday due to an unexpected fall in June wholesale trade data. Domestic bond prices rose across the board in tandem with US treasuries.
Published 20 Aug, 2006 12:00am
Dollar near flat versus euro

Dollar near flat versus euro

The dollar was little changed against the euro on Friday in a seesaw session that saw it trade mixed against the single European zone currency in thin volume. The dollar initially fell on University of Michigan consumer sentiment data, which reinforced th
Published 20 Aug, 2006 12:00am
Pareto sees dollar strength in global slowdown

Pareto sees dollar strength in global slowdown

The dollar could emerge stronger from a potential global economic slowdown if investors carry on shrugging off the Federal Reserve's credit tightening pause and seek safety in highly liquid US assets.
Published 20 Aug, 2006 12:00am
Omani firm delays bond issue over Lebanon crisis

Omani firm delays bond issue over Lebanon crisis

An Omani company has postponed the closing a $900 million bond issue for a giant resort in the Gulf Arab sultanate after the war in Lebanon weakened investor demand, the company said on Saturday.
Published 20 Aug, 2006 12:00am
Omani firm delays bond issue over Lebanon crisis

Omani firm delays bond issue over Lebanon crisis

An Omani company has postponed the closing a $900 million bond issue for a giant resort in the Gulf Arab sultanate after the war in Lebanon weakened investor demand, the company said on Saturday.
Published 20 Aug, 2006 12:00am
US stocks higher for fifth consecutive day

US stocks higher for fifth consecutive day

US stocks closed higher for the fifth day in a row on Friday as news of the progress in Microsoft Corp's multibillion-dollar stock-buyback program pushed the software maker's shares higher, while a federal judge's favourable ruling lifted Altria Group Inc
Published 20 Aug, 2006 12:00am
American credit market outlook

American credit market outlook

Ford Motor Co's spreads widened on Friday, after the automaker said it would cut its fourth-quarter production, prompting Fitch Ratings to cut its debt ranking deeper into junk.
Published 20 Aug, 2006 12:00am
American credit market outlook

American credit market outlook

Ford Motor Co's spreads widened on Friday, after the automaker said it would cut its fourth-quarter production, prompting Fitch Ratings to cut its debt ranking deeper into junk.
Published 20 Aug, 2006 12:00am
Brazilian stocks slightly changed

Brazilian stocks slightly changed

Brazilian stocks traded nearly unchanged on Friday. The Bovespa index of the Sao Paulo Stock Exchange ended the day 0.02 percent lower to close at 37,551.7.
Published 20 Aug, 2006 12:00am
US Treasuries close firmer

US Treasuries close firmer

US Treasury debt prices gained on Friday after a report showed consumer sentiment softening, bolstering expectations the Federal Reserve will not raise interest rates in September.
Published 20 Aug, 2006 12:00am
US Treasuries close firmer

US Treasuries close firmer

US Treasury debt prices gained on Friday after a report showed consumer sentiment softening, bolstering expectations the Federal Reserve will not raise interest rates in September.
Published 20 Aug, 2006 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (August 19, 2006).

Published 20 Aug, 2006 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended on Saturday (August 19, 2006).

Published 20 Aug, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (August 19, 2006).

Published 20 Aug, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 19, 2006).
Published 20 Aug, 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 Saturday (August 19, 2006).

Published 20 Aug, 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 Saturday (August 19, 2006).

Published 20 Aug, 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 Saturday (August 19, 2006).

Published 20 Aug, 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 Saturday (August 19, 2006).

Published 20 Aug, 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 20 Aug, 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 20 Aug, 2006 12:00am
Oil cake market rates

Oil cake market rates

Mixed price pattern was again witnessed on the forward cottonseed oilcake market on Saturday as buyers rushed to cover the forward purchasing, dealers said. The August vaida was unchanged at Rs 646.00.
Published 20 Aug, 2006 12:00am
Listless proceeding on cotton market

Listless proceeding on cotton market

Activity fails to pick up the pace on the cotton market on Saturday as the leading participants remained on the sidelines in the absence of proper delivery system, dealers said. The official spot rate was unchanged at Rs 2450, without upcountry expenses.
Published 20 Aug, 2006 12:00am
CBOT rice ends firm

CBOT rice ends firm

Chicago Board of Trade rough rice futures closed firm on Friday, supported by speculative buying, traders said. The market remains technically strong with prices trading at two-year highs. September rice closed 11 cents higher at $9.83 per hundredweight.
Published 20 Aug, 2006 12:00am
US copper up on production

US copper up on production

Copper futures in New York ended up 2.3 percent on Friday, boosted by news that the massive Escondida copper mine in Chile had halted operations and abandoned labour talks with union workers, now in a 12-day strike, sources said.
Published 20 Aug, 2006 12:00am
New York gold futures down

New York gold futures down

Gold futures in New York slipped but ended above three-week lows on Friday, hit by fund and speculative selling in choppy trade, analysts said.
Published 20 Aug, 2006 12:00am
New York cocoa slides

New York cocoa slides

US cocoa futures slid to a two-week low on Friday, depressed by speculative selling and profit-taking on the day of first notice for September delivery, market sources said.
Published 20 Aug, 2006 12:00am
Upward trend on Australian wool market

Upward trend on Australian wool market

The Australian Wool Market finished the week 0.4 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI increased by 3c (+0.4 percent) ending the week at 745c/kg clean.
Published 20 Aug, 2006 12:00am
MGE wheat rallies

MGE wheat rallies

Spring wheat futures at the Minneapolis Grain Exchange settled higher on Friday, rallying from two-month lows late in the session as the Kansas City market surged, traders said. Traders noted talk of fresh export demand, including rumours that Brazil migh
Published 20 Aug, 2006 12:00am
New York sugar extends 8-1/2-month low

New York sugar extends 8-1/2-month low

Benchmark raw sugar futures edged down on Friday, extending this week's 8-1/2-month low on light follow-through speculative selling and limited demand for the physical commodity, traders said.
Published 20 Aug, 2006 12:00am
Indian wheat and soyaoil futures rise

Indian wheat and soyaoil futures rise

Indian wheat futures rose for the second straight day on Friday as millers scrambled to garner stocks amid tight supplies to the market. Soyoil futures were up amid concerns that a burst of intense rains over key growing regions in the past week may have
Published 20 Aug, 2006 12:00am
Soyabeans close weak

Soyabeans close weak

Chicago Board of Trade soyabean futures fell to contract lows in most months on Friday, pressured by prospects that the US soyabean crop is getting bigger as weather was improving, traders said. September soyabeans closed 4-1/2 cents lower at $5.47 per bu
Published 20 Aug, 2006 12:00am
Australian wheat, sorghum hit by dry spell

Australian wheat, sorghum hit by dry spell

Continued dry weather in Australia's cropping belt is crimping tonnages of the winter wheat crop and raising doubts over prospects for summer sorghum as the early planting season begins.
Published 20 Aug, 2006 12:00am
Crude oil slumps, dragging most commodities lower

Crude oil slumps, dragging most commodities lower

Crude futures plunged last week, in line with many commodity prices, amid evidence of an economic slowdown in the United States and a lowering of tensions in the Middle East, analysts said.
Published 20 Aug, 2006 12:00am
Energy, health costs mask strong US economy: Paulson

Energy, health costs mask strong US economy: Paulson

US Treasury Secretary Henry Paulson said late Friday that high energy and health care costs were interfering with Americans' ability to feel the benefits of a solidly growing economy.
Published 20 Aug, 2006 12:00am
Emerging debt prices ease on position squaring

Emerging debt prices ease on position squaring

Emerging government debt prices eased in thin volume on Friday as investors closed positions ahead of the weekend and light US economic data next week. Brazil's global bond due 2040, considered the emerging market benchmark paper, eased 0.250 to bid 130.3
Published 20 Aug, 2006 12:00am
Protests in Kathmandu over fuel price hike

Protests in Kathmandu over fuel price hike

Activists torched dozens of vehicles and attacked a senior politician in Kathmandu on Saturday in protest against an increase in prices of petroleum products, police and witnesses said. Police used batons to break up protests as hundreds of people also bu
Published 20 Aug, 2006 12:00am
Volkswagen's Mexico workers strike in pay dispute

Volkswagen's Mexico workers strike in pay dispute

Thousands of workers at Volkswagen's Mexico plant, where the popular New Beetles are made, went on strike on Friday after rejecting the company's offer of a 4 percent pay rise plus a 0.5 percent increase to benefits.
Published 20 Aug, 2006 12:00am
Governments should pay for extra air security: IATA

Governments should pay for extra air security: IATA

Governments should meet the costs of extra security imposed at airports since British police said they had foiled a plot to blow up transatlantic airliners, the International Air Transport Association said on Saturday.
Published 20 Aug, 2006 12:00am
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