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Print - 2006-08-26
Indonesian rubber prices seen falling

Indonesian rubber prices seen falling

Indonesian rubber prices have softened in the past weeks and are expected to ease further in the next few weeks on weak demand. Prices of raw material in North and South Sumatra have eased to between 17,100 and 17,400 rupiah ($1.87-$1.90) a kg this week,
Published 26 Aug, 2006 12:00am
'Less-efficient' plant: Wapda to pay $3.156 million rent per month

'Less-efficient' plant: Wapda to pay $3.156 million rent per month

The Water and Power Development Authority (Wapda) will pay $3.156 million per month, as rent, for 150 MW thermal power plant, which, according to Planning Commission, is not only expensive but also runs on low efficiency, official sources told Business
Published 26 Aug, 2006 12:00am
Malaysian palm oil futures end lower

Malaysian palm oil futures end lower

Malaysian crude palm oil futures closed lower on Friday, dragged down by a decline in the prices of rival soyaoil and as buyers liquidated their positions. Dealers said a strong export performance unveiled by cargo surveyors failed to impress the market.
Published 26 Aug, 2006 12:00am
Indus in medium flood

Indus in medium flood

According to a report of the flood forecasting division, the river Indus was in medium flood at Kotri and was rising. According to the report, the inflows and outflows of the river Indus at Tarbela were 229,300 cusecs each. The inflows and outflows of the
Published 26 Aug, 2006 12:00am
Private equity group eyes Ford brands

Private equity group eyes Ford brands

A private equity arm of J.P. Morgan Chase & Co is eyeing some of Ford Motor Co's luxury brands, a source familiar with the matter said on Friday. The private equity group, One Equity Partners LLC.
Published 26 Aug, 2006 12:00am
Indus in medium flood

Indus in medium flood

According to a report of the flood forecasting division, the river Indus was in medium flood at Kotri and was rising. According to the report, the inflows and outflows of the river Indus at Tarbela were 229,300 cusecs each. The inflows and outflows of the
Published 26 Aug, 2006 12:00am
Half of UAE private sector workers are Indian

Half of UAE private sector workers are Indian

Indian workers in the United Arab Emirates represent some 50 percent of the labour force employed in the federation's private sector, local media said Friday quoting official data.
Published 26 Aug, 2006 12:00am
Indus in medium flood

Indus in medium flood

According to a report of the flood forecasting division, the river Indus was in medium flood at Kotri and was rising. According to the report, the inflows and outflows of the river Indus at Tarbela were 229,300 cusecs each. The inflows and outflows of the
Published 26 Aug, 2006 12:00am
Wall Street Journal partners India business paper

Wall Street Journal partners India business paper

The Wall Street Journal and HT Media Ltd, a newspaper publisher in India, on Friday announced an agreement under which HT Media's new business paper and its Web site will publish Wall Street Journal-branded pages.
Published 26 Aug, 2006 12:00am
Importers assure government: sugar prices not to go up in Ramazan

Importers assure government: sugar prices not to go up in Ramazan

The quantity of sugar in the country is more than the requirement. This was stated by Adviser to Prime Minister on Finance, Dr Salman Shah, while talking to APP after a meeting with a delegation of sugar importers at a local hotel on Friday.
Published 26 Aug, 2006 12:00am
China eases QFII inward investment rules

China eases QFII inward investment rules

China said on Friday it was loosening the rules of its scheme permitting overseas institutions to put money into the country's capital markets, a move welcomed by foreign investors.
Published 26 Aug, 2006 12:00am
Importers assure government: sugar prices not to go up in Ramazan

Importers assure government: sugar prices not to go up in Ramazan

The quantity of sugar in the country is more than the requirement. This was stated by Adviser to Prime Minister on Finance, Dr Salman Shah, while talking to APP after a meeting with a delegation of sugar importers at a local hotel on Friday.
Published 26 Aug, 2006 12:00am
China eases QFII inward investment rules

China eases QFII inward investment rules

China said on Friday it was loosening the rules of its scheme permitting overseas institutions to put money into the country's capital markets, a move welcomed by foreign investors.
Published 26 Aug, 2006 12:00am
Importers assure government: sugar prices not to go up in Ramazan

Importers assure government: sugar prices not to go up in Ramazan

The quantity of sugar in the country is more than the requirement. This was stated by Adviser to Prime Minister on Finance, Dr Salman Shah, while talking to APP after a meeting with a delegation of sugar importers at a local hotel on Friday.
Published 26 Aug, 2006 12:00am
US, Asean sign trade and investment agreement

US, Asean sign trade and investment agreement

The United States and 10 Southeast Asian nations signed a trade and investment agreement on Friday that opens the door to possible free-trade talks.
Published 26 Aug, 2006 12:00am
Globalisation benefits face threats: Bernanke

Globalisation benefits face threats: Bernanke

The current "unprecedented" pace of global economic integration could raise living standards and cut poverty, but those benefits are at risk from geopolitical tensions and protectionism, Federal Reserve Chairman Ben Bernanke said on Friday.
Published 26 Aug, 2006 12:00am
Venezuela pledges oil to support China's rise

Venezuela pledges oil to support China's rise

Venezuela is committed to feeding China's appetite for energy, because it wants the country to become a new kind of great nation, President Hugo Chavez said on Friday after announcing a slew of oil deals.
Published 26 Aug, 2006 12:00am
Low asset market volatility may be permanent: BIS

Low asset market volatility may be permanent: BIS

Structural changes in financial markets may be having a permanent dampening effect on volatility, which is in a long-term decline across various assets, the Bank for International Settlements said on Friday.
Published 26 Aug, 2006 12:00am
Low asset market volatility may be permanent: BIS

Low asset market volatility may be permanent: BIS

Structural changes in financial markets may be having a permanent dampening effect on volatility, which is in a long-term decline across various assets, the Bank for International Settlements said on Friday.
Published 26 Aug, 2006 12:00am
Japan's consumer price data soft

Japan's consumer price data soft

Japanese consumer prices rose less than expected in July, data showed on Friday, sending the yen and bond yields lower and scaling back market expectations for the Bank of Japan to raise interest rates in the coming months.
Published 26 Aug, 2006 12:00am
Consumers power UK to fastest growth in two years

Consumers power UK to fastest growth in two years

Consumer spending powered British economic growth to its fastest rate in two years in the second quarter, keeping alive expectations interest rates will rise again in the coming months.
Published 26 Aug, 2006 12:00am
EU may ease animal controls over bluetongue virus

EU may ease animal controls over bluetongue virus

European Union veterinary experts are likely to start relaxing movement restrictions on cattle, goats and sheep next week as outbreaks of the viral disease bluetongue seem to be easing, officials said on Friday.
Published 26 Aug, 2006 12:00am
Airbus completes 'superjumbo' test flight

Airbus completes 'superjumbo' test flight

An Airbus A380 'superjumbo' completed a test flight here Friday with US-made engines. The European group's fifth and final A380 test model is the only one to be powered by Engine Alliance, a joint venture between US engineering giant General Electric and
Published 26 Aug, 2006 12:00am
Global plasma TV sales jump

Global plasma TV sales jump

Global sales of plasma televisions surged 95 percent in the April-June quarter from a year earlier to 2.2 million units, bolstered by robust sales at Japan's Matsushita Electric Industrial Co, US research firm DisplaySearch said.
Published 26 Aug, 2006 12:00am
Malaysia keeps interest rates steady

Malaysia keeps interest rates steady

Malaysia's central bank kept its key interest rate unchanged at 3.50 percent on Friday, as expected, but left the door open for possible future increases, saying vigilance against inflation must continue.
Published 26 Aug, 2006 12:00am
Chinese shares end flat

Chinese shares end flat

China's main stock index ended flat on Friday, as investors bought newly listed shares after recent dips, while shares in the property and financial sectors erased some of their previous gains. The benchmark Shanghai composite index closed at 1,623.034 po
Published 26 Aug, 2006 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 1.71 percent lower on Friday as further losses in Philippine Long Distance Telephone dragged the main index down below the 2,300-point support level, dealers said.
Published 26 Aug, 2006 12:00am
Hong Kong stocks finish firmer

Hong Kong stocks finish firmer

Hong Kong blue chips rebounded 0.43 percent on Friday following the previous session's broad sell-off, led by market heavyweights China Mobile Ltd and HSBC Holdings Plc. But mainland H shares fell as investors grew wary of upcoming profit reports after ea
Published 26 Aug, 2006 12:00am
US stocks up as oil shares jump

US stocks up as oil shares jump

US stocks edged higher on Thursday, with the S&P 500 getting a lift from the oil sector, but data showing a slowdown in new home sales hurt the shares of retailers and industrial companies. Crude oil prices rose above $72 a barrel and prompted investors t
Published 26 Aug, 2006 12:00am
Indian shares surge

Indian shares surge

Indian share prices rose 0.35 percent in choppy trade on Friday as investors bought index and small-cap stocks, led by broadly positive Asian market trends, dealers said. They said buying was seen in shares of India's largest bank State Bank of India whic
Published 26 Aug, 2006 12:00am
US Treasuries rise

US Treasuries rise

US Treasury debt prices rose on Thursday as investors bet the Federal Reserve would keep interest rates on hold in the near-term after mostly below-forecast economic data confirmed slowing growth.
Published 26 Aug, 2006 12:00am
US Treasuries rise

US Treasuries rise

US Treasury debt prices rose on Thursday as investors bet the Federal Reserve would keep interest rates on hold in the near-term after mostly below-forecast economic data confirmed slowing growth.
Published 26 Aug, 2006 12:00am
Jakarta shares dip

Jakarta shares dip

Indonesian share prices closed 0.88 percent lower on Friday on extended profit-taking led by index heavyweight Astra International, dealers said. The Jakarta Stock Exchange composite index dropped 12.554 points to 1,416.930 on volume of 1.78 billion share
Published 26 Aug, 2006 12:00am
Singapore shares rally

Singapore shares rally

Singapore share prices closed 0.29 percent higher on Friday but sentiment was cautious ahead of a key speech by US Federal Reserve chief Ben Bernanke, dealers said. They said the market expects Bernanke to provide any clues on the Fed's next interest rate
Published 26 Aug, 2006 12:00am
Thai share prices slip

Thai share prices slip

Thai share prices closed 0.44 percent lower on Friday amid growing political confusion after police foiled what they said was an attempt to assassinate Prime Minister Thaksin Shinawatra, dealers said.
Published 26 Aug, 2006 12:00am
Nikkei posts first weekly fall in five weeks

Nikkei posts first weekly fall in five weeks

The Nikkei share average fell 0.14 percent on Friday, posting its first weekly loss in five weeks, as Toyota Motor Corp and other recent gainers declined on concern about the outlook for the key US market. Softbank Corp tumbled on a brokerage price cut, w
Published 26 Aug, 2006 12:00am
Malaysian shares slightly up

Malaysian shares slightly up

Malaysian share prices closed slightly higher in thin trade on Friday, with sentiment still fragile ahead of the central bank's interest rate decision due out later in the evening, dealers said.
Published 26 Aug, 2006 12:00am
Swiss franc flat versus dollar

Swiss franc flat versus dollar

The Swiss franc strengthened against the yen in early Friday trading and was flat versus the dollar and the euro ahead of a speech of Federal Reserve chairman Ben Bernanke later in the day. Currency moves were stifled as traders awaited clues from Bernank
Published 26 Aug, 2006 12:00am
Yuan weakens in directionless trade

Yuan weakens in directionless trade

China's yuan weakened against the dollar on Friday, taking its cue from a slightly strengthened US currency on global markets, but trading was directionless amid a lack of fresh domestic factors.
Published 26 Aug, 2006 12:00am
Australian dollar trapped in tight range

Australian dollar trapped in tight range

The Australian dollar traded a tight range on Friday, retaining yield-related support at 76 US cents, and gained a modest 0.3 percent on the week. The Aussie dollar has been stuck in a $0.7580-$0.7670 range since Monday in the absence of major economic da
Published 26 Aug, 2006 12:00am
Yen slips on weak Japan CPI

Yen slips on weak Japan CPI

The yen dipped on Friday after a smaller-than-expected rise in consumer prices reinforced expectations that Japanese interest rates will rise only slowly, keeping it on the back foot against higher-yielding currencies.
Published 26 Aug, 2006 12:00am
Dollar moves higher

Dollar moves higher

News of a decline in new home sales failed to dent sentiment toward the dollar on Thursday as the greenback gained on the major currencies. Traders said the market overbought euros earlier in the session after a rosy reading of the German business climate
Published 26 Aug, 2006 12:00am
Most Asian currencies edge down

Most Asian currencies edge down

Most Asian currencies edged down on Friday, touching fresh multi-week lows, as the yen came under pressure after soft consumer price data strengthened a view that any rise in Japanese interest rates would be slow.
Published 26 Aug, 2006 12:00am
Hong Kong dollar tracks regional currencies lower

Hong Kong dollar tracks regional currencies lower

The Hong Kong dollar fell on Friday, tracking losses in other regional currencies and some arbitrage traders continued to take advantage of an interest rate differential with the United States.
Published 26 Aug, 2006 12:00am
Indian rupee down

Indian rupee down

A rise in oil prices and a sharp fall in the Japanese yen pulled down the Indian rupee on Friday, traders said. Dealers said there was good demand for dollars from oil companies and corporates, but a further drop in the rupee was checked as state-run bank
Published 26 Aug, 2006 12:00am
Jayawardene re-appointed as captain

Jayawardene re-appointed as captain

Mahela Jayawardene has been retained as Sri Lanka captain for the Champions Trophy despite the return of former skipper Marvan Atapattu to the squad following a debilitating back injury.
Published 26 Aug, 2006 12:00am
Itinerary for West Indies series

Itinerary for West Indies series

The Pakistan Cricket Board (PCB) has rejected a request from West Indies to delay the start of their November tour by a few days and announced the itinerary on Friday.
Published 26 Aug, 2006 12:00am
Shaharyar losing patience with players

Shaharyar losing patience with players

Pakistan Cricket Board Chairman Shaharyar Khan is losing patience with captain Inzamam-ul-Haq and other players over their stance on a Twenty20 match and one-day series against England, a PCB official said on Friday.
Published 26 Aug, 2006 12:00am
New chapter in Federer, Nadal rivalry

New chapter in Federer, Nadal rivalry

World number one Roger Federer and chief rival Rafael Nadal will be aiming to write a new chapter in the hottest rivalry in tennis when the US Open begins on Monday.
Published 26 Aug, 2006 12:00am
Mauresmo loses to Davenport, Henin-Hardenne wins

Mauresmo loses to Davenport, Henin-Hardenne wins

World number one Amelie Mauresmo lost 6-4 7-5 to defending champion Lindsay Davenport in the New Haven quarter-finals on Thursday. Second seed Justine Henin-Hardenne eased into the last four but Mauresmo was outplayed by Davenport in a repeat of last year
Published 26 Aug, 2006 12:00am
Uzbek refugees in danger: US rights group

Uzbek refugees in danger: US rights group

US-based Human Rights Watch said on Friday the lives of Uzbek refugees suspected of having been seized in Kyrgyzstan and returned to their homeland were in danger.
Published 26 Aug, 2006 12:00am
Guantanamo inmate returns in chains to Germany: lawyer

Guantanamo inmate returns in chains to Germany: lawyer

A Turk with German residency held at the prison camp in Guantanamo Bay for more than four years was kept blindfolded and in chains on his flight home in a US plane, his lawyer said on Friday.
Published 26 Aug, 2006 12:00am
After Katrina, black family warily adjusts to Utah

After Katrina, black family warily adjusts to Utah

Nearly a year ago, the three Andrews bothers and their sister were shocked to learn the jet evacuating them from flooded New Orleans was flying to Utah, a Western state with very few black residents.
Published 26 Aug, 2006 12:00am
Giant statue of Egypt pharaoh rolls to new home

Giant statue of Egypt pharaoh rolls to new home

A massive statue of one of Egypt's greatest pharaohs, Ramses II, rolled through the streets of Cairo to a new home near the Pyramids on Friday to escape the corrosive pollution of its former spot in a crowded transit hub.
Published 26 Aug, 2006 12:00am
US Navy decision on carrier expected next year

US Navy decision on carrier expected next year

The top US Navy official said on Friday a decision on the placement of a nuclear-powered aircraft carrier, with about 5,000 personnel, was expected in April or May.
Published 26 Aug, 2006 12:00am
Aid ship arrives in Jaffna

Aid ship arrives in Jaffna

The first aid ship to break a two-week siege of Sri Lanka's northern Jaffna peninsula began to unload on Friday, while another Red Cross-flagged vessel headed in to evacuate foreign nationals.
Published 26 Aug, 2006 12:00am
Indian government pushes caste quotas

Indian government pushes caste quotas

The Indian government introduced a controversial bill in parliament on Friday that aims to reserve more college places for lower castes amid protests by upper caste students opposed to the move.
Published 26 Aug, 2006 12:00am
Iraqis cautious over Baghdad security crackdown

Iraqis cautious over Baghdad security crackdown

US commanders have declared their security crackdown in Baghdad a contest for the future of the entire country, but many in the capital have a hard time believing anything can save their city from further bloodshed.
Published 26 Aug, 2006 12:00am
German bomb suspect may have al Qaeda link: Lebanon

German bomb suspect may have al Qaeda link: Lebanon

A man held in Lebanon in connection with a failed attack on German trains has confessed to planting a suitcase bomb and investigations suggest he might have links to al Qaeda, the Lebanese government said on Friday.
Published 26 Aug, 2006 12:00am
Russia rules out UN sanctions against Iran

Russia rules out UN sanctions against Iran

Russia rejected talk for now of sanctions against Iran and France warned on Friday against conflict with Tehran, raising doubts whether it will face swift penalties if nuclear work is not halted by an August 31 deadline.
Published 26 Aug, 2006 12:00am
Nigerian soldiers burn slums

Nigerian soldiers burn slums

Nigerian soldiers burned hundreds of slum houses located close to the compound of an Italian oil company where two foreign oil workers were kidnapped and their bodyguard killed overnight.
Published 26 Aug, 2006 12:00am
US probes use of cluster bombs in Israel

US probes use of cluster bombs in Israel

The United States is investigating whether Israel violated US rules in its use of US-made rockets armed with cluster bombs in Lebanon, the State Department said on Friday. "We have heard the allegations they were used and we are taking a look at that," sa
Published 26 Aug, 2006 12:00am
China jails New York Times researcher, drops secrets charge

China jails New York Times researcher, drops secrets charge

A Beijing court dismissed charges that a Chinese researcher for the New York Times had illegally leaked state secrets, but sentenced him to three years for fraud, capping weeks of confrontation over citizens' legal rights.
Published 26 Aug, 2006 12:00am
Mystery over Mumbai flight escorted to Schiphol

Mystery over Mumbai flight escorted to Schiphol

Two Dutch F-16s on a training mission are diverted to escort a Northwest Airlines flight back to Schiphol, while two US sky marshals take control of the Mumbai-bound DC-10, ordering passengers to remain in their seats and not look round.
Published 26 Aug, 2006 12:00am
Three killed in Yemen

Three killed in Yemen

Three people were killed in armed clashes between supporters of Yemen's ruling party and those of an opposition group ahead of local council elections in September, government officials said on Friday.
Published 26 Aug, 2006 12:00am
Taleban denies talks with Nato

Taleban denies talks with Nato

The Taleban on Friday denied secretly talking with the Afghan government and Nat to lay down their arms in the volatile south, rejecting such reports as propaganda by weakened foreign forces.
Published 26 Aug, 2006 12:00am
EU nations to provide core of Lebanon force

EU nations to provide core of Lebanon force

UN Secretary-General Kofi Annan said on Friday European nations would provide the backbone of a 15,000-strong United Nations peace force for Lebanon and he had asked France to lead it.
Published 26 Aug, 2006 12:00am
Sterling rises against euro

Sterling rises against euro

Sterling hit a 10-day high against the euro on Friday after data showed British economic growth reached its fastest rate in two years in the second quarter.
Published 26 Aug, 2006 12:00am
Yen hits record low versus euro

Yen hits record low versus euro

The yen fell half a percent to a record low against the euro, a near 8-year low against sterling and a one-month low against the dollar on Friday as weak Japanese data cemented low interest rate expectations in Japan.
Published 26 Aug, 2006 12:00am
Bond indices end week stronger

Bond indices end week stronger

European credit spreads ended the week on a slightly stronger tone on Friday, ending a volatile week for credit, amid thin trading volumes. In single names, default swaps on Degussa fell sharply in early trading as Moody's Investors Service kept the Germa
Published 26 Aug, 2006 12:00am
Bond indices end week stronger

Bond indices end week stronger

European credit spreads ended the week on a slightly stronger tone on Friday, ending a volatile week for credit, amid thin trading volumes. In single names, default swaps on Degussa fell sharply in early trading as Moody's Investors Service kept the Germa
Published 26 Aug, 2006 12:00am
US Stocks: Friday's unofficial close

US Stocks: Friday's unofficial close

US blue chip stocks fell on Friday as a storm threatening the Gulf of Mexico sent crude oil prices higher, pressuring industrial stocks such as Boeing Co and United Technologies Corp. Crude oil futures for October delivery rose on concerns over a storm th
Published 26 Aug, 2006 12:00am
Seoul shares gain

Seoul shares gain

South Korean shares rose 1 percent on Friday as chip makers such as Samsung Electronics gained amid expectations for a turnaround in flash memory chip prices, while other exporters rebounded from this week's slide.
Published 26 Aug, 2006 12:00am
UK's top share index rises

UK's top share index rises

Britain's FTSE 100 index closed higher on Friday as banking stocks rallied on the prospect of a wave of consolidation in the sector, while miners also supported the market. Lloyds was up 0.5 percent, and Barclays rose 0.8 percent on renewed market specula
Published 26 Aug, 2006 12:00am
One-dayers to go ahead: Sonn

One-dayers to go ahead: Sonn

International Cricket Council (ICC) president Percy Sonn insisted Friday that the one-day series between England and Pakistan would go ahead as scheduled. "The PCB (Pakistan Cricket Board) have always said they were going to continue with the series if th
Published 26 Aug, 2006 12:00am
Hair wanted $500,000 to quit: ICC

Hair wanted $500,000 to quit: ICC

Controversial umpire Darrell Hair offered his resignation in return for a payment of 500,000 dollars, the International Cricket Council (ICC) announced Friday.
Published 26 Aug, 2006 12:00am
India receives over 300,000 tonnes of wheat imports

India receives over 300,000 tonnes of wheat imports

More than 300,000 tonnes of wheat, being imported duty free to replenish government stocks, have so far been offloaded at various Indian ports, the Food Ministry said on Friday.
Published 26 Aug, 2006 12:00am
New supply seen calming coffee markets

New supply seen calming coffee markets

Leading Italian coffee roaster Lavazza expects London's recently-volatile futures prices to stabilise as new crops from the world's two biggest growers start to flow. Prices in London charged to seven-year highs on Tuesday as fears over future supply were
Published 26 Aug, 2006 12:00am
Oil rises on US Gulf storm threat

Oil rises on US Gulf storm threat

Oil rose on Friday as a tropical weather system brewing in the Caribbean threatened to sweep through the Gulf of Mexico next week and menace oil rigs yet to fully recover from last year's hurricanes. Support also came from Iran's nuclear row with the West
Published 26 Aug, 2006 12:00am
Cuba cane for 2007 harvest up 25 percent

Cuba cane for 2007 harvest up 25 percent

Cuba's sugar minister said there would be at least 25 percent more cane available for Cuba's 2007 harvest and more mills would open to grind the raw material, the official daily Granma reported on Friday.
Published 26 Aug, 2006 12:00am
New York cotton moves up

New York cotton moves up

US cotton futures ended up on Friday, building on gains from its last session as technical buying helped the market put on strong show after a mostly lacklustre week. December cotton on the New York Board of Trade (NYBOT) ended up 0.47 cents at 55.60 cent
Published 26 Aug, 2006 12:00am
London sugar firms

London sugar firms

London white sugar futures settled firmer on trade buying against fund selling on Friday, and dealers said they expected choppy business in the coming sessions. Benchmark October finished up $2.40 at $386.00 per tonne, near the top of the day's range of $
Published 26 Aug, 2006 12:00am
Copper firm; strike drags on

Copper firm; strike drags on

London copper prices closed firm on Friday after the previous day's 2.4 percent loss as most workers at the world's biggest copper mine remained on strike. Three-month London Metal Exchange (LME) copper ended $120 higher at $7,550 a tonne ahead of a long
Published 26 Aug, 2006 12:00am
Gold stays stuck in range

Gold stays stuck in range

Gold held comfortably in its recent range after a widely awaited speech by US Federal Reserve chairman Ben Bernanke failed to move the market. Traders had expected Bernanke to offer some fresh clues about likely direction of US interest rates in his speec
Published 26 Aug, 2006 12:00am
US MIDDAY: cocoa futures slip

US MIDDAY: cocoa futures slip

US benchmark cocoa futures fell 1.2 percent to finish at a 4-month low Friday, weakened by speculative selling amid bearish technical signals and improving supply prospects, market sources said.
Published 26 Aug, 2006 12:00am
US MIDDAY: sugar lower

US MIDDAY: sugar lower

Raw sugar futures were called to open 0.10 cent a lb. lower on Friday, based on orders lined up with brokers and on lower prices in London's white sugar market, exchange floor sources said.
Published 26 Aug, 2006 12:00am
US MIDDAY: coffee dips

US MIDDAY: coffee dips

US arabica coffee futures shed just under 1 percent Friday, depressed by light speculative selling amid benign crop weather in Brazil coupled with flagging robusta prices in London, traders said.
Published 26 Aug, 2006 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Wheat futures at the Chicago Board of Trade were higher early on Friday on a technical rally and in anticipation of Friday's expiration of September options, traders said. At 10:14 am CDT (1514 GMT), CBOT wheat was up 3 to 7-3/4 cents per bushel, with Sep
Published 26 Aug, 2006 12:00am
US MIDDAY: corn eases

US MIDDAY: corn eases

Corn futures at the Chicago Board of Trade were weak early on Friday on end-of-week profit-taking after the strong close on Thursday, traders said. Trading was quiet and choppy with the corn market finding a bit of buoyancy from a strong rally in wheat fu
Published 26 Aug, 2006 12:00am
US MIDDAY: copper moves up

US MIDDAY: copper moves up

Copper futures in New York closed near their session highs on Friday as traders concentrated on rolling positions forward while the tense labour strike at Chile's giant Escondida copper mine continued to offer support, sources said.
Published 26 Aug, 2006 12:00am
US MIDDAY: soyabeans fall

US MIDDAY: soyabeans fall

Soyabean futures at the Chicago Board of Trade were lower early on Friday on follow-through selling, with abundant stocks of soya overhanging prices, traders said. September soyabeans were down 2 cents at $5.49-1/2 per bushel and new-crop November was 1-1
Published 26 Aug, 2006 12:00am
US MIDDAY: gold stronger

US MIDDAY: gold stronger

US gold futures climbed on Friday in more subdued trading, bolstered by a $1 jump in oil prices due to tropical storm worries near the US Gulf. A steady US dollar and light, late summer volumes capped interest in many commodities markets, however, and gol
Published 26 Aug, 2006 12:00am
Two more Lahore Ring Road sections approved

Two more Lahore Ring Road sections approved

The Provincial Minister for Communication and Works Chaudhry Zaheer-ud-Din has said that approval has been granted by the competent authority for the construction of two more sections of Lahore Ring Road (LRR), Khaira Distributory interchange and road por
Published 26 Aug, 2006 12:00am
Constructions in Shah Aalmi area banned

Constructions in Shah Aalmi area banned

District Nazim Mian Amer Mahmood has banned all ongoing construction activities in Shah Aalmi area and also ordered for sealing under-construction buildings situated there.
Published 26 Aug, 2006 12:00am
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