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Print - 2006-08-23
Vietnamese coffee price at record highs

Vietnamese coffee price at record highs

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.
Published 23 Aug, 2006 12:00am
Shaukat for enhanced trade relations with Australia

Shaukat for enhanced trade relations with Australia

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
Published 23 Aug, 2006 12:00am
New York sugar closes mixed

New York sugar closes mixed

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
Published 23 Aug, 2006 12:00am
IMF proposes further liberalisation of economy

IMF proposes further liberalisation of economy

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
Published 23 Aug, 2006 12:00am
Soyabeans end firm

Soyabeans end firm

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
Published 23 Aug, 2006 12:00am
IMF proposes further liberalisation of economy

IMF proposes further liberalisation of economy

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
Published 23 Aug, 2006 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin closed up $60 a tonne on Tuesday, boosted by gains on the London Metals Exchange.
Published 23 Aug, 2006 12:00am
IMF proposes further liberalisation of economy

IMF proposes further liberalisation of economy

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
Published 23 Aug, 2006 12:00am
Ukrainian oilseed

Ukrainian oilseed

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.
Published 23 Aug, 2006 12:00am
Musharraf and Abdullah for Israeli pullout from Lebanon

Musharraf and Abdullah for Israeli pullout from Lebanon

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
Published 23 Aug, 2006 12:00am
CBOT rice futures slip

CBOT rice futures slip

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.
Published 23 Aug, 2006 12:00am
Musharraf and Abdullah for Israeli pullout from Lebanon

Musharraf and Abdullah for Israeli pullout from Lebanon

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
Published 23 Aug, 2006 12:00am
Malaysian palm oil lower

Malaysian palm oil lower

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 ($
Published 23 Aug, 2006 12:00am
Canadian inflation above forecast despite tax cut

Canadian inflation above forecast despite tax cut

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.
Published 23 Aug, 2006 12:00am
InterContinental profits rise

InterContinental profits rise

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.
Published 23 Aug, 2006 12:00am
InterContinental profits rise

InterContinental profits rise

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.
Published 23 Aug, 2006 12:00am
BMW reaches deal to sell Rover brand rights

BMW reaches deal to sell Rover brand rights

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
Published 23 Aug, 2006 12:00am
Investment pushes French growth to 5-1/2 year high

Investment pushes French growth to 5-1/2 year high

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.
Published 23 Aug, 2006 12:00am
German sentiment plunges to five-year low

German sentiment plunges to five-year low

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.
Published 23 Aug, 2006 12:00am
Honda builds parts plant in Thailand

Honda builds parts plant in Thailand

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
Published 23 Aug, 2006 12:00am
Goodyear invests in retail network in India

Goodyear invests in retail network in India

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.
Published 23 Aug, 2006 12:00am
Citigroup wins $1.5 billion of $4.6 billion Texas notes

Citigroup wins $1.5 billion of $4.6 billion Texas notes

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.
Published 23 Aug, 2006 12:00am
IMF chief economist to step down

IMF chief economist to step down

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
Published 23 Aug, 2006 12:00am
New Europe workforce keeps a lid on UK inflation

New Europe workforce keeps a lid on UK inflation

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.
Published 23 Aug, 2006 12:00am
Banks have work cut out fighting terror finance

Banks have work cut out fighting terror finance

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.
Published 23 Aug, 2006 12:00am
Asean ministers back faster single-market deadline

Asean ministers back faster single-market deadline

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
Published 23 Aug, 2006 12:00am
China to open more flight paths

China to open more flight paths

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.
Published 23 Aug, 2006 12:00am
Singapore shares rally on bargain hunting

Singapore shares rally on bargain hunting

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.
Published 23 Aug, 2006 12:00am
Hong Kong shares advance

Hong Kong shares advance

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.
Published 23 Aug, 2006 12:00am
US stocks fall as oil rises

US stocks fall as oil rises

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.
Published 23 Aug, 2006 12:00am
Sharjah Bank plans Islamic bond

Sharjah Bank plans Islamic bond

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
Published 23 Aug, 2006 12:00am
Sharjah Bank plans Islamic bond

Sharjah Bank plans Islamic bond

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
Published 23 Aug, 2006 12:00am
US Treasuries climb as stocks sag

US Treasuries climb as stocks sag

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.
Published 23 Aug, 2006 12:00am
US Treasuries climb as stocks sag

US Treasuries climb as stocks sag

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.
Published 23 Aug, 2006 12:00am
Philippines shares tumble

Philippines shares tumble

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.
Published 23 Aug, 2006 12:00am
Jakarta shares sag

Jakarta shares sag

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
Published 23 Aug, 2006 12:00am
Thai share prices slightly changed

Thai share prices slightly changed

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
Published 23 Aug, 2006 12:00am
Nikkei hits three-month closing high

Nikkei hits three-month closing high

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.
Published 23 Aug, 2006 12:00am
Malaysian shares up

Malaysian shares up

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
Published 23 Aug, 2006 12:00am
Swiss franc down against dollar

Swiss franc down against dollar

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.
Published 23 Aug, 2006 12:00am
Yuan stays near post-revaluation high

Yuan stays near post-revaluation high

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.
Published 23 Aug, 2006 12:00am
Euro near highs as more rates rise expected

Euro near highs as more rates rise expected

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.
Published 23 Aug, 2006 12:00am
Dollar slides to two-month low

Dollar slides to two-month low

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
Published 23 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 Tuesday. 69.49/69.71 (previous 69.49/69.71). Call Money Rates: 6.25-10.00 percent (previous 6.25-10.00 percent).
Published 23 Aug, 2006 12:00am
Australian dollar nudges above 76 cents

Australian dollar nudges above 76 cents

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.
Published 23 Aug, 2006 12:00am
Asian currencies pare losses

Asian currencies pare losses

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.
Published 23 Aug, 2006 12:00am
Hong Kong dollar backtracks

Hong Kong dollar backtracks

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.
Published 23 Aug, 2006 12:00am
Oval ticket holders refunded

Oval ticket holders refunded

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.
Published 23 Aug, 2006 12:00am
Hair stands by decision

Hair stands by decision

Australian umpire Darrell Hair is standing by his decision to penalise Pakistan at the Oval on Sunday and said he would fight any move to oust him.
Published 23 Aug, 2006 12:00am
Bangladesh backs Pakistan in row

Bangladesh backs Pakistan in row

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.
Published 23 Aug, 2006 12:00am
Australian cricketers and media support Hair

Australian cricketers and media support Hair

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".
Published 23 Aug, 2006 12:00am
Pakistan could skip Middlesex game; demonstration and rally

Pakistan could skip Middlesex game; demonstration and rally

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
Published 23 Aug, 2006 12:00am
Clear me or tour of England is over: Inzamam

Clear me or tour of England is over: Inzamam

Pakistan captain Inzamam-ul-Haq issued a stark warning to cricket chiefs on Tuesday: Clear me of ball tampering or the tour of England is finished.
Published 23 Aug, 2006 12:00am
Local TV content keeps US soaps at bay: EU

Local TV content keeps US soaps at bay: EU

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.
Published 23 Aug, 2006 12:00am
North Korea threatens attack due to war drills

North Korea threatens attack due to war drills

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
Published 23 Aug, 2006 12:00am
Hong Kong police pledge to better protect politicians

Hong Kong police pledge to better protect politicians

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.
Published 23 Aug, 2006 12:00am
Scientists create big bang with planet definition

Scientists create big bang with planet definition

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.
Published 23 Aug, 2006 12:00am
Russian art theft tip of the iceberg: watchdog

Russian art theft tip of the iceberg: watchdog

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.
Published 23 Aug, 2006 12:00am
'Water labels' on food could ease shortages: expert

'Water labels' on food could ease shortages: expert

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.
Published 23 Aug, 2006 12:00am
Israeli president to be questioned in sex probe

Israeli president to be questioned in sex probe

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.
Published 23 Aug, 2006 12:00am
New York arms string bomb defused in Colombo

New York arms string bomb defused in Colombo

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.
Published 23 Aug, 2006 12:00am
Kurd accuses Saddam of poison gas attacks

Kurd accuses Saddam of poison gas attacks

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.
Published 23 Aug, 2006 12:00am
Iran ready for serious nuclear talks

Iran ready for serious nuclear talks

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.
Published 23 Aug, 2006 12:00am
EU to hold emergency Lebanon meeting on Friday

EU to hold emergency Lebanon meeting on Friday

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.
Published 23 Aug, 2006 12:00am
UK may cut Iraq force in half by mid-2007

UK may cut Iraq force in half by mid-2007

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.
Published 23 Aug, 2006 12:00am
World not doing enough on Afghan drugs: Karzai

World not doing enough on Afghan drugs: Karzai

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.
Published 23 Aug, 2006 12:00am
UN presses Congo factions to end Kinshasa fighting

UN presses Congo factions to end Kinshasa fighting

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.
Published 23 Aug, 2006 12:00am
Italian and German tourists kidnapped on Niger-Chad border

Italian and German tourists kidnapped on Niger-Chad border

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
Published 23 Aug, 2006 12:00am
Hamas official charged in Israeli military court

Hamas official charged in Israeli military court

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
Published 23 Aug, 2006 12:00am
Israeli soldiers kill 3 in Gaza

Israeli soldiers kill 3 in Gaza

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
Published 23 Aug, 2006 12:00am
Nine killed in Afghanistan

Nine killed in Afghanistan

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.
Published 23 Aug, 2006 12:00am
Indian rupee falls

Indian rupee falls

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.
Published 23 Aug, 2006 12:00am
Sterling rises against euro

Sterling rises against euro

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
Published 23 Aug, 2006 12:00am
Euro retreats in London

Euro retreats in London

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.
Published 23 Aug, 2006 12:00am
Bonds: US automaker weakness continues; indices widen

Bonds: US automaker weakness continues; indices widen

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.
Published 23 Aug, 2006 12:00am
Bonds: US automaker weakness continues; indices widen

Bonds: US automaker weakness continues; indices widen

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.
Published 23 Aug, 2006 12:00am
Seoul shares rise

Seoul shares rise

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.
Published 23 Aug, 2006 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

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.
Published 23 Aug, 2006 12:00am
Indian shares flat

Indian shares flat

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
Published 23 Aug, 2006 12:00am
FTSE falls as oil stocks weigh

FTSE falls as oil stocks weigh

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.
Published 23 Aug, 2006 12:00am
Rains, pest attacks to clip India's coffee output

Rains, pest attacks to clip India's coffee output

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.
Published 23 Aug, 2006 12:00am
US rushes test for GMO rice: EU set to launch measures

US rushes test for GMO rice: EU set to launch measures

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.
Published 23 Aug, 2006 12:00am
Oil steadies near $73 a barrel

Oil steadies near $73 a barrel

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.
Published 23 Aug, 2006 12:00am
Farmers hunker down in tense Ivorian cocoa zones

Farmers hunker down in tense Ivorian cocoa zones

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.
Published 23 Aug, 2006 12:00am
New York cotton snaps losing streak

New York cotton snaps losing streak

US cotton futures snapped a losing streak on Tuesday to end up for the first time in five days on trade buying and short-covering, dealers said.
Published 23 Aug, 2006 12:00am
London coffee off seven-year peak

London coffee off seven-year peak

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.
Published 23 Aug, 2006 12:00am
Gold, palladium drift lower in London

Gold, palladium drift lower in London

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.
Published 23 Aug, 2006 12:00am
US MIDDAY: cocoa slips

US MIDDAY: cocoa slips

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.
Published 23 Aug, 2006 12:00am
US MIDDAY: coffee higher

US MIDDAY: coffee higher

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.
Published 23 Aug, 2006 12:00am
US MIDDAY: sugar down

US MIDDAY: sugar down

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.
Published 23 Aug, 2006 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

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.
Published 23 Aug, 2006 12:00am
US MIDDAY: corn lower

US MIDDAY: corn lower

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.
Published 23 Aug, 2006 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

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.
Published 23 Aug, 2006 12:00am
US MIDDAY: soyabeans firm

US MIDDAY: soyabeans firm

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.
Published 23 Aug, 2006 12:00am