Coffee prices in Vietnam, the world's largest exporter of the robusta grain, extended their gains this week, supported by thin stocks and firm prices in the London market.
Prime Minister Shaukat Aziz on Tuesday said that the traditional reservoir of good relations between Pakistan and Australia needs to be utilised to enhance co-operation between the two countries and their private sectors in various fields including econom
Benchmark raw sugar futures ended mixed on Monday with nearby contracts posting small losses in a light volume day. Traders said oversold conditions sent many players to the sidelines waiting for new direction. "It was pretty quiet, not much activity toda
The International Monetary Fund (IMF) on Tuesday termed Pakistan''s current pace of investment as ''insufficient'' to keep its economic growth on track, and recommended it to further liberalise economy for attracting more foreign and domestic investment i
Soyabean futures at the Chicago Board of Trade ended firm on Monday on a mild technical bounce as prices are at 8-1/2 month lows, traders said. "Everyone is waiting for a technical bounce but no one wants to make the first move," one CBOT floor broker sai
The International Monetary Fund (IMF) on Tuesday termed Pakistan's current pace of investment as 'insufficient' to keep its economic growth on track, and recommended it to further liberalise economy for attracting more foreign and domestic investment in t
The International Monetary Fund (IMF) on Tuesday termed Pakistan's current pace of investment as 'insufficient' to keep its economic growth on track, and recommended it to further liberalise economy for attracting more foreign and domestic investment in t
The following is a direct contribution from Ukraine's UkrAgroConsult agricultural consultancy, the country's leading independent research organisation specialising in agricultural production and trade.
President General Pervez Musharraf and Jordanian King Abdullah-II on Tuesday called for an immediate withdrawal of Israeli forces from Lebanon and restoration of its sovereignty and stressed that durable peace in the Middle East could only be achieved thr
Chicago Board of Trade rice futures closed lower on Monday, pressured by worries about future US export demand after the United States found unapproved genetically modified rice in some commercial long grain rice, traders said.
President General Pervez Musharraf and Jordanian King Abdullah-II on Tuesday called for an immediate withdrawal of Israeli forces from Lebanon and restoration of its sovereignty and stressed that durable peace in the Middle East could only be achieved thr
Malaysian crude palm oil futures ended lower on Tuesday, hit by profit taking after strong gains a day, dealers said. The benchmark third-month November contract on the Bursar Malaysia Derivatives exchange ended down 13 ringgit at 1,597 ringgit a tonne ($
Canadian inflation was unexpectedly high in July despite a cut in the federal sales tax, though the Bank of Canada's core inflation rate remained on target, making a near-term change in interest rates unlikely.
The world's largest hotel group, InterContinental Hotels Plc, reported a 30 percent rise in half-year profits and healthy current trading, but its shares slipped on a lack of news about a cash return to shareholders.
The world's largest hotel group, InterContinental Hotels Plc, reported a 30 percent rise in half-year profits and healthy current trading, but its shares slipped on a lack of news about a cash return to shareholders.
Germany's BMW, the world's largest premium carmaker, has reached a deal to sell the rights to the Rover brand, the company said on Tuesday, but it did not name the buyer. "A binding agreement was made," a spokesman for BMW said, confirming a report in Ger
The French economy grew at its fastest pace in five and a half years in the second quarter spurred on by a surge in business investment and strong consumer spending, official data showed on Tuesday.
German investor sentiment plunged in August to its lowest level in over five years as a looming rise in sales tax, high oil prices and a strong euro clouded the outlook for Europe's largest economy.
Honda Motor Co, Japan's third-biggest car maker, said on Tuesday it is investing about 3.8 billion yen ($32.7 million) to build a body spare parts manufacturing plant in Thailand, aiming to keep pace with strong demand for those parts in the growing Asian
Goodyear India Ltd said on Tuesday it would invest 500 million rupees ($11 million) to strengthen its sales network in India's fast-expanding automotive market.
Citigroup Global Markets on Tuesday won $1.5 billion of Texas' $4.6 billion tax and revenue anticipation notes, according to the final list of received and accepted bids on the state comptroller's note auction Web site.
International Monetary Fund chief economist Raghuram Rajan will step down at the end of the year to return to academia, the fund said on Tuesday. Rajan joined the IMF in September 2003 on leave from the University of Chicago Graduate School of Business wh
Political opponents have lined up to criticise the British government's open door policy for workers from eastern Europe but the influx of cheaper skilled labour is cooling wage rises and helping tame inflation.
As banks get drawn deeper into efforts to counter terrorism, the skills they have developed to trace drug traffickers and criminals are used increasingly to help authorities catch potential bomb plotters.
Southeast Asian trade ministers endorsed a plan on Tuesday to speed up the timetable for economic union by five years to 2015. Ministers from the 10-member Association of South East Asian Nations (Asean) said the region had to move faster or risk falling
Hong Kong's economy suffered its worst quarter in three years, stuttering to a halt in the second quarter as exports, consumption and investment all slowed, data showed on Tuesday.
China will open more flight paths to ease delays and cut back on congestion in the run up to the 2008 Olympics when many more people are expected to visit the country, a state newspaper said on Tuesday.
Singapore share prices closed 0.56 percent higher on Tuesday as investors hunted for bargains following the previous day's sharp fall on concerns over China's interest rate increase, dealers said.
Hong Kong stocks gained 0.83 percent on Tuesday as shares in PetroChina Co Ltd and other oil companies climbed on strong crude prices, helping to recoup some of the previous session's losses following China's move to raise interest rates.
US stocks fell on Monday, for the first time in six sessions, as a sharp rebound in oil prices and a disappointing outlook from Lowe's Cos. Inc, the No 2 US home improvement chain, raised fears about slower consumer spending.
Sharjah Islamic Bank, based in the United Arab Emirates, plans to offer its first sukuk issue, a type of Islamic bond, a market source said on Tuesday. HSBC is the sole bookrunner and lead manager. The source gave no details on the size of the issue but s
Sharjah Islamic Bank, based in the United Arab Emirates, plans to offer its first sukuk issue, a type of Islamic bond, a market source said on Tuesday. HSBC is the sole bookrunner and lead manager. The source gave no details on the size of the issue but s
US Treasury prices rose in thin trade on Monday as investors switched from equities amid fresh concerns over Iran's nuclear program, briefly pushing the yield on the key 10-year notes to its lowest level in nearly five months.
US Treasury prices rose in thin trade on Monday as investors switched from equities amid fresh concerns over Iran's nuclear program, briefly pushing the yield on the key 10-year notes to its lowest level in nearly five months.
Philippines share prices closed 0.50 percent lower on Tuesday in a market bereft of strong leads capable of perking-up investor interest after the three-day long weekend, dealers said.
Jakarta share prices closed 0.19 percent lower on Tuesday amid profit-taking led by Perusahaan Gas Negara after the market posted significant gains early last week, dealers said. The Jakarta Stock Exchange composite index closed down 2.739 points at 1,435
Thai share prices closed flat on Tuesday amid uncertainties over Thailand's new general election and tensions over Iran's nuclear projects, dealers said. They said trading was also influenced by an inflow of capital to the region after China raised its in
The Nikkei average rose 1.33 percent to its highest close in three months on Tuesday as investors returned to Canon Inc and other blue chip shares with solid profit prospects, while higher oil prices helped boost energy stocks.
Malaysian share prices closed firmer on Tuesday led by select blue chips and plantation stocks but trade volume was thin ahead of key economic data and earnings announcements, dealers said. They said the market will move sideways for the next two weeks as
The Swiss franc edged lower against the dollar on Tuesday ahead of Swiss export and investor sentiment data due later in the session. The Swiss currency was trading near unchanged at 1.5785 per euro and fell 0.15 percent against the dollar to 1.2261.
China's yuan stayed near its highest level against the dollar since its 2005 revaluation on Tuesday amid expectations that the central bank would allow the currency to rise at a faster pace for the rest of this year.
The euro trimmed gains against the dollar on Tuesday on light profit-taking but stayed in sight of a two-month high on expectations that the European Central Bank will keep raising interest rates.
The dollar hit a fresh two-month low against the euro on Monday as investors shunned the greenback amid signs that the US economy is slowing. The US currency also fell against most of its other rivals, though the selling momentum that began Friday after s
Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.49/69.71 (previous 69.49/69.71). Call Money Rates: 6.25-10.00 percent (previous 6.25-10.00 percent).
The Australian dollar held above 76 US cents on Tuesday, buoyed by its yield advantage over the US dollar, and by higher gold prices with Iran expected to stand firm on its nuclear enrichment plans.
Gains in regional stock markets helped Asian currencies trim losses on Tuesday but worries over high oil prices remained after Iran, the world's fourth-largest oil exporter, said it would press on with its nuclear programme.
The Hong Kong dollar gave up ground on Tuesday afternoon on fears of fund outflows, but dealers said the market shrugged off poorer-than-expected economic growth data for the second quarter.
Surrey refunded all cricket fans Tuesday who had bought tickets for the cancelled fifth day of the England-Pakistan Test at The Oval which was sensationally forfeited on Sunday.
Bangladesh became the latest Asian nation on Tuesday to pledge their support to the Pakistan cricket team following a ball tampering row which led to the fourth Test against England to be forfeited.
Former Australia captains Steve Waugh and Mark Taylor defended umpire Darrell Hair's integrity in the wake of the Pakistan forfeit row Tuesday, as local media dubbed him "the bravest man in cricket".
The Pakistan team may skip Thursday's one-day match against Middlesex to show solidarity with skipper Inzamam-ul-Haq before he attends a disciplinary scheduled for Friday, manager Zaheer Abbas said. Lawyers for the team may also ask for the hearing to be
Popular American comedy and drama shows have yet to conquer Europe as most programmes broadcast in the EU are still locally made, the bloc's executive arm said on Tuesday.
North Korea said it had the right to launch a pre-emptive attack to counter a US-South Korean joint military training drill, its official media reported on Tuesday. US and South Korean troops began military exercises on Monday dubbed Ulchi Focus Lens that
Hong Kong's police chief pledged on Tuesday to better protect the city's lawmakers and fully investigate all threats and cases of vandalism against them following an attack on a prominent politician.
In coming up with the definition of a planet, astronomers hoped to bring order to the way we look at solar systems. Instead, they created a big bang of their own.
The $5 million theft of artworks from Russia's Hermitage Museum is the tip of the iceberg and more losses are certain to be discovered at other leading museums, the head of the state culture watchdog said on Tuesday.
Labelling foods ranging from spaghetti to meat to show how much water is used in their production could help combat mounting pressure on the world's water supplies, a leading expert said on Tuesday.
Investigators seized computers and documents from Israeli President Moshe Katsav's residence and will question him about allegations that he coerced a former employee into having sex with him, the police said on Tuesday.
Bomb squad officers defused explosives strapped to a vegetable-laden pushbike at a market in Sri Lanka's capital on Tuesday, hours after US officials said they had arrested suspected rebel arms procurers in a surface-to-air missile sting.
An Iraqi Kurd told Saddam Hussein's genocide trial on Tuesday how jets dropped poison gas smelling of rotten apples on his village but aides to the ousted leader insisted their campaign targeted Iranian-backed rebels.
Iran handed over on Tuesday its formal response to a nuclear incentives offer from major powers and said it contained ideas that would allow serious talks about its stand-off with the West to start immediately.
European Union foreign ministers will discuss possible troop contributions to a United Nations peacekeeping force in Lebanon at an emergency meeting on Friday, EU President Finland said in a statement.
Britain may cut its force in Iraq in half by the middle of next year after handing over security responsibility for the south to Iraqis within nine months, a senior British commander said on Tuesday.
Drugs pose a far greater threat to Afghanistan than terrorism but the international community is not doing enough to tackle the scourge, President Hamid Karzai said on Tuesday.
The European Union rushed more peacekeepers to Congo's capital Kinshasa on Tuesday as the UN tried to broker an end to gunbattles between President Joseph Kabila's soldiers and fighters loyal to his election rival.
A new international push for Middle East peace is needed following a year in which the process has lost ground by every measure, a top UN official said on Tuesday.
Twenty-one Italian tourists and an unspecified number of Germans have been kidnapped on the border of Niger and Chad, the Italian foreign ministry said on Tuesday. One German among the kidnapped group managed to escape and report the abduction to German a
The Israeli military brought charges on Tuesday against the speaker of the Palestinian parliament in what could prove to be a test case of how Israel deals with the Hamas-led government. A prosecutor charged Aziz Dweik, a Hamas political leader, with atte
Israeli soldiers killed three militants and wounded several other Palestinians in clashes across the Gaza Strip on Tuesday, the army and Palestinian medics said. A 14-year-old boy suffered head wounds during an Israeli tank raid, medics said. Several othe
British troops killed nine insurgents preparing an attack in southern Afghanistan while two Canadian soldiers were wounded in a Tailbone ambush, the Nato-led force said Tuesday.
The Indian rupee fell on Tuesday in line with other Asian currencies as higher oil prices and a tepid stock market weighed on sentiment. Dealers said dollar inflows from corporates were offset by all-round demand.
Sterling rose half a percent to five-day highs against the euro on Tuesday after weak German data hurt eurozone rate rise expectations. Investor sentiment in Germany plunged in August to its lowest level in more than five years, according to the latest su
The euro retreated from this week's record high against the yen and a two-month peak versus the dollar on Tuesday after a German economic sentiment indicator tumbled to a five-year low in August.
Weakness in US automakers' debt persisted on Tuesday as the credit market continued to feel the fallout from Ford Motor Co's announcement of deep production cuts on Friday, although trade was thin.
Weakness in US automakers' debt persisted on Tuesday as the credit market continued to feel the fallout from Ford Motor Co's announcement of deep production cuts on Friday, although trade was thin.
Seoul shares rose on Tuesday to their highest close in three months as investors favoured domestically-focused stocks such as Kookmin Bank or defensive plays, while exporters lagged due to worries over the global economy.
US technology stocks rose on Tuesday as investors snapped up shares following broker upgrades of chip maker Advanced Micro Devices Inc and XM Satellite Radio Holdings Inc.
Indian share prices closed flat in choppy trade Tuesday as local and foreign funds sold equities late in the afternoon, dealers said. They said the markets could see a further slide on profit-taking in coming days after the benchmark Sensex rose six perce
Britain's biggest shares fell in thin trade on Tuesday, but closed above session lows as weakness in oil and gas stocks was countered by strength among financials and miners and gains on Wall Street.
Heavy rains and pest attacks are likely to dash India's hopes of a rise in coffee output this year and peg it at about last year's level of 274,000 tonnes, industry officials said on Tuesday.
US government scientists are rushing to certify a test that would identify an unapproved genetically modified rice that has slipped into commercial supplies, an inspection official said on Tuesday.
Oil steadied near $73 a barrel on Tuesday after Iran called for more talks with the West over a dispute about its nuclear enrichment program in which it runs a risk of international sanctions.
Rarely venturing from their plantations in order to avoid confrontation with locals or soldiers, many immigrant cocoa farmers in Ivory Coast lead reclusive, isolated lives.
World robusta coffee futures closed up on Tuesday but off a fresh seven-year high hit on the back of news on damage to stocks in Italy just as supplies from top producer Vietnam start to run out.
Nickel ended at a new peak of $29,950 a tonne on Tuesday, up 5.1 percent on Monday's close and more than 100 percent higher than at the start of the year.
Gold prices moved back and forth in choppy trade on Tuesday partly influenced by movements in the dollar, and analysts said the metal might witness an uptrend after the end of the current holiday season.
US benchmark cocoa futures settled down 1.5 percent at a one-month low Tuesday, pressured by speculative selling amid a rising dollar and bearish technical signals on the price charts, traders said.
US benchmark arabica coffee futures settled at a three-month high Tuesday, bolstered by speculative buying and spread trading due to lingering worries about tight robusta supply, traders said.
Raw sugar futures were called to open 0.15 cent per lb. lower on Tuesday, based on orders placed before the open and on lower white sugar prices in London, exchange floor sources said.
Wheat futures at the Chicago Board of Trade dropped on Tuesday on better crop weather in the US Plains hard red winter wheat region, traders said. Rainfall this week in the Plains has helped diminish concerns about the fate of next year's HRW production.
Corn futures on the Chicago Board of Trade were lower early on Tuesday on good crop weather in the US Midwest that was likely to add tonnage to this year's corn crop, traders said.
Copper futures in New York traded down over 2 percent at the open on Tuesday amid some investor profit-taking as the market awaited new developments in the tense labour strife at Chile's Escondida mine, sources said.
Soybean futures at the Chicago Board of Trade were called to open 1/2 to 1 cent per bushel higher Tuesday in a mild technical bounce, with the market oversold and prices hovering at 8-1/2-month lows, traders said.