President General Pervez Musharraf on Monday said the government stands for the rights of Balochistan and its people, and did not rule out possibility of foreign hand in creating law and order problems in certain areas of the province.
The City Naib Nazim Karachi, Nasrin Jalil, has called for placement of Traffic Police under the city district government Karachi (CDGK), saying that by-laws in this regard are being prepared and a resolution will also be tabled before the City Council soo
Downward trend was seen on the forward cottonseed oilcake market on Monday as supplies eased from upcountry markets, dealers said. The December vaida was unchanged at Rs 537.50. In the process of trading it quoted highest at Rs 535.50.
Spot rate was higher on the cotton market on Monday as mills made fresh purchasing despite upward trend, brokers said. The Karachi Cotton Association (KCA) official spot rate commenced the week on a firm note, showing fresh gain of Rs 50 to Rs 2625, witho
London robusta coffee futures rose 5 percent on trade buying on Monday to the front-month's highest in more than 7-1/2 years, dealers said. "It looks like there are some people who haven't fixed their September positions...It looks like it could be trade,
Ukraine's Economy Ministry has proposed that the government introduce milling wheat export licences in 2006 to prevent excessive sales. The ministry, in a weekend statement, said the current pace of signing milling wheat export deals had exceeded last yea
Cocoa arrivals at ports in Ivory Coast reached 1.333 million tonnes between October 1, 2005 and September 3, 2006, according to a rough estimate by major exporters on Monday. That compared with around 1.290 million tonnes delivered to ports in the same pe
Chinese aluminium smelters, expecting alumina prices to fall further, are reluctant to build inventories of the raw material even though prices have plunged 36 percent in the past two months, industry officials said on Monday.
Japan's top three steel makers, including world No 3 Nippon Steel Corp, are expected to slightly raise their profit forecasts on Thursday to reflect a sharp recovery in export prices amid a sign of weakening in China's steel market.
South Africa's diamond cutting firms are shedding jobs as they grapple with squeezed margins in a sector the government hoped would expand and create more employment. Sector officials told Reuters on Monday nearly a fifth of cutting and polishing jobs had
Russia expects a grain crop of 73 million tonnes this year, down from 78.2 million in 2005, and 10 million tonnes of the crop will be exported in the 2006/07 season, Agriculture Minister Alexei Gordeyev said on Monday.
The world aluminium market is expected to turn from deficit to surplus next year, as expansion in global supply will likely outpace growth in demand, a unit of Japanese trading firm Mitsubishi Corp said on Monday.
The world aluminium market is expected to turn from deficit to surplus next year, as expansion in global supply will likely outpace growth in demand, a unit of Japanese trading firm Mitsubishi Corp said on Monday.
Turkey's gold imports fell 18.5 percent year-on-year to 22 tonnes in August but more than doubled over July, the Istanbul Gold Exchange said in its website on Monday. August imports marked the second highest monthly level in 2006.
Singapore bunker prices fell on Monday but the premium to fuel oil cargo values strengthened to above $8 a tonne as sellers continued to hold offers at high levels.
Indian refiner Reliance Industries Ltd has booked a Very Large Crude Carrier (VLCC) to carry 2 million barrels of crude oil on a rare voyage to India from the East Coast of Mexico, shipbrokers said on Monday. The Safwa, a 270,000-deadweight double-hulled
Jordan's state grains buyer has issued an international tender to purchase 100,000 tonnes of feed barley, European traders said on Monday. Origin was optional. Some 50,000 tonnes was for shipment in the first half of October and 50,000 in the second half
Thin business was seen on the grain market on Monday as most of the commodity items maintained their previous levels due to good arrivals from upcountry centres, dealers said.
The Karachi Port handled 48,555 tonnes of cargo including 42,238 tonnes import, 6,317 tonnes export cargo and 1,875 containers during last 24 hours ending at 0700 hours on Monday. The cargo comprised of 28,555 tonnes dry cargo including 18,999 tonnes gene
Tokyo gold futures fell modestly on Monday after failing to break above a closely watched technical level as a firmer yen and falling oil prices prompted selling by speculators in a lightly traded market.
Silver rose to its highest level in more than three months on Monday as speculative buying spilled into Asia, while gold firmed on the back of a weaker dollar. Silver has rebounded more than 30 percent since falling to a four-month low of $9.38 an ounce i
Taiwan's Flour Mills Association will hold a tender to buy a total of 98,350 tonnes of US wheat in two shipments on Wednesday, a group source said on Monday. The shipments would include dark northern spring (DNS), hard red winter (HRW) and white wheat (WW
Oil prices firmed on Monday after a slide under $70 as dealers braced for several weeks of inaction on Iran's nuclear dispute with the West. US light sweet crude traded up 30 cents at $69.49 a barrel, after falling $1.07 on Friday. London Brent crude held
Copper prices rebounded on Monday to recover last week's late losses, sparked when striking workers at the world's largest copper mine agreed to go back to work. Copper for delivery in three months on the London Metal Exchange had risen $130, or 1.7 perce
Raw sugar premiums in Thailand, Asia's biggest exporter, were lower on Monday and expected to remain under pressure in the next few days as overseas demand is sluggish, traders said. "Buyers from Taiwan and Vietnam have been checking prices. I doubt that
South Korean corn importers are likely to continue to seek grain for arrival in December, while Japanese buying is expected to be slow after heavy purchases last week, traders said on Monday.
India's federal government on Monday allowed duty-free wheat imports by private trade to stem rising prices and augment market supplies. "As of today there is no duty on imports of wheat," Farm Minister Shared Pawar told reporters on the sidelines of a fi
The key Tokyo rubber futures contract on Monday closed down by its daily limit because of a firmer yen and softer crude oil prices, and traders said the market was likely to stay weak given ample long-term supplies.
Malaysian crude palm oil futures closed lower in thin trade on Monday, dragged down by lower prices of rival soyaoil. "Soyaoil had a bearish impact on the market," said one dealer. "The November contract broke the important support level of 1,580 ringgit,
Libya, whose leader Muammar Gaddafi last week berated his fellow countrymen for their over-reliance on oil, plans to set up a huge free trade zone to boost its industry and trade, the government said on Monday.
Dutch insurer Aegon NV said on Monday it will pool its investment activities into a single 40 billion euro ($51 billion) fund platform to be serviced by US bank Citigroup.
Integrating Arab nations into the world economy depends on reinforcing the rule of law and diminishing corruption within each country, Algerian President Abdelaziz Bouteflika said Monday.
China plans to shut down over 4,800 unsafe small coal mines by the end of next year as part of a major government push to improve the industry's deplorable safety standards, state media said Monday.
Russia, Greece and Bulgaria agreed to end years of disputes on Monday and launch a long delayed trans-Balkan oil pipeline linking the Black Sea to the Aegean. Russian President Vladimir Putin and Greek Prime Minister Costas Karamanlis told reporters the 7
Global mobile operators and device makers are betting that the next level of transmission technology will ramp up mobile phone usage in a way that third-generation technology has so far failed to do.
European planemaker Airbus has decided to freeze hiring world-wide "until further notice", French daily La Tribune reported on Monday. Its new president Christian Streiff is currently reviewing all the group's programmes and will take decisions in October
European Central Bank President Jean-Claude Trichet faced renewed political pressure on Monday to steer clear of hasty interest rate rises, which lawmakers fear could stifle the eurozone's economic revival.
Industrial producer prices in the eurozone are rising quickly even outside the energy sector, their traditional booster, reinforcing the case for the European Central Bank to increase interest rates further.
Planemaker Airbus replaced the head of its troubled A380 programme on Monday, casting a shadow over attempts to celebrate the superjumbo's first test flight involving real passengers - 474 volunteer Airbus staff.
Nokia said on Monday it is reorganising its corporate support platforms in preparation for the already announced merger of its telecoms networks unit with that of Siemens.
The flow of oil from Iraq's northern fields along the vulnerable pipeline to Turkey halted early on Sunday, an Iraqi oil ministry source said on Monday. The flow stopped after Turkish officials told Iraq that storage at Turkey's Ceyhan terminal was full,
Asian entrepreneurs in Britain generate wealth three times as efficiently as the national average, according to a business study released Monday. Asian wealth increased by 69 percent compared to an overall gross domestic growth of 22.8 percent between 199
The semiconductor business unit of Philips Electronics will invest 250 million euros ($321.4 million) in India over the next five years to boost research and sales activities, an official said on Monday.
The Industrial and Commercial Bank of China (ICBC), the nation's top lender, is expected to cut its initial public offering (IPO) by three billion shares to 17 billion shares, state media said on Monday.
The Industrial and Commercial Bank of China (ICBC), the nation's top lender, is expected to cut its initial public offering (IPO) by three billion shares to 17 billion shares, state media said on Monday.
Jakarta share prices closed 1.74 percent stronger on Monday, with sentiment boosted by hopes that Bank Indonesia will further cut the BI policy rate at its upcoming board meeting, dealers said.
Malaysian share prices closed 0.78 percent higher on Monday in thin trade supported by interest in plantation and mining stocks on hopes of stronger earnings growth next year, dealers said.
Thai share prices closed 1.02 percent higher on Monday, breaking the 700-point mark as investors anticipated no change to interest rates later this week, dealers said. They said investors also chased gains in blue chip stocks as oil prices dropped amid ea
Hong Kong stocks rose 0.52 percent to a six-year closing high on Monday as the latest US employment report reinforced expectations that the Federal Reserve would keep interest rates steady this month.
Japanese government bond prices fell on Monday after strong data on corporate spending, while investors also turned cautious ahead of a 10-year bond auction and a news conference by Bank of Japan Governor Toshihiko Fukui later in the week.
Japanese government bond prices fell on Monday after strong data on corporate spending, while investors also turned cautious ahead of a 10-year bond auction and a news conference by Bank of Japan Governor Toshihiko Fukui later in the week.
South Korean shares edged up on Monday to their highest close since mid-May, led by exporters such as Hyundai Motor after stronger-than-expected US jobs data raised hopes the world's largest economy would avoid a hard landing.
Philippines share prices closed stronger for a third-straight session on Monday, rising 1.79 percent to a three-week high as concerns over inflation eased on the back of the peso's gains against the dollar, dealers said.
Taiwan stocks ended up 1.49 percent at a three-month high on Monday, as gains on Wall Street fanned optimism of solid growth for technology heavyweights such as Hon Hai Precision Industry Co.
China shares closed 1.27 percent higher on Monday, recovering from a 1.3 percent loss on Friday. Airline stocks led the rise after international oil prices fell below $70 per barrel. China Eastern Airlines jumped 7.44 percent to 2.60 yuan after falling fo
Indian share prices closed up 1.16 percent on Monday on strong local fund buying in benchmark index companies and on lower oil prices, dealers said. They said trading volume remained low however, suggesting some weakness ahead as the 30-share Sensex index
Singapore shares prices closed 1.16 percent higher on Monday, buoyed by gains in regional markets and Wall Street last week due to lower crude oil prices, dealers said. The Straits Times Index (STI) rose 28.96 points to 2,520.45. Volume was 898.78 million
The Nikkei average rose 1.39 percent on Monday, hitting its highest levels in more than three months, as investors looked to manufacturers such as Canon Inc, after a US jobs report eased worries about Japan's major export market.
The Indian rupee closed at a seven-week high on Monday as the strength of the Japanese yen and Chinese yuan prompted traders to unwind long dollar positions.
The Swiss franc was higher against the dollar and down against other currencies on Monday after data late last week showed that growth in Swiss manufacturing unexpectedly gained speed in August.
The yen climbed on Monday, cheered by solid capital spending data that made some dealers think twice about betting Japanese rates may not rise again this year, a possibility which has weighed on the yen in the past two weeks.
Interbank buy/sell rates for the taka against the dollar on Monday. 69.47/69.58 (previous 69.49/69.71). Call Money Rates: 6.25-10.00 percent (previous 6.25-10.00 percent).
Asian currencies were broadly firm on Monday as the Japanese yen rebounded from last week's lows, the Chinese yuan hit a fresh post-revaluation high and regional equity markets posted strong gains.
The Hong Kong dollar edged higher on Monday, buoyed by a rally in the stock market and the yuan's fresh post-revaluation high. The local currency was trading at 7.7775/77 to the US dollar, firmer than Friday's close of 7.7782/83.
The yuan set a post-revaluation high against the dollar for the fifth straight session on Monday as the central bank largely stayed out of the market, apparently willing to allow appreciation at a faster pace than ever before.
Experienced fast bowler Glenn McGrath has been rushed back into Australia's squad for the Champions Trophy in India. McGrath will make his comeback to international cricket in a one-day tournament in Malaysia this month before moving on to India for the C
The Pakistan Cricket Board (PCB) said it is willing to revise the itinerary for its home series against the West Indies this year. The PCB had initially rejected requests to delay the start of the tour to allow the West Indies to participate in a $5 milli
World number four Maria Sharapova surged past countrywoman Elena Likhovtseva 6-3, 6-2 to reach the fourth round of the US Open on Sunday. The 19-year-old Russian beauty, who has been a semi-finalist or better in her last nine majors, will now play Chinese
Andre Agassi's glittering career came to a tearful conclusion when he lost in four sets to German qualifier Benjamin Becker in the US Open third round Sunday.
Pakistan cricket captain Inzamam-ul-Haq and the Pakistan Cricket Board (PCB) have been warned to stop making public comments about the disciplinary hearing scheduled to take place later this month. International Cricket Council (ICC) chief executive Malco
Hundreds of police reinforcements were sent to Russia's north-western town of Kondopoga on Monday as ethnic tensions spiralled after a wave of anti-Chechen violence, bringing warnings of possible intervention from the Chechen prime minister.
Pope Benedict XVI on Monday called on those of all faiths to pray for peace, but said they must also acknowledge their differences, in a message to religious leaders gathered in central Italy.
Czech President Vaclav Klaus appointed a right-wing government on Monday, but the new team is likely to lose a confidence vote and the country faces weeks or months of political instability and probably an early election.
The European Space Agency (ESA) on Monday hailed a probe that it dramatically smashed onto the Moon on Sunday after completing a programme to test next-generation space technologies.
Eight British Muslims charged in connection with an alleged plot to blow up transatlantic jets were remanded in custody for two weeks Monday after appearing at London's Central Criminal Court.
Authorities in the eastern Indian state of Orissa are struggling to get relief to hundreds of thousands of people who have been stranded after floods submerged their homes, officials said on Monday.
UN Secretary-General Kofi Annan on Monday urged the world to avoid confrontation with Iran over its nuclear goals, after Tehran told him it wanted a negotiated solution but would not halt uranium enrichment before any talks.
One Nato soldier was killed by friendly fire and several were wounded on Monday during a major offensive to crush a resurgent Taleban in southern Afghanistan.
Sudan said on Monday it would allow African troops to remain in Darfur only under African Union control and accused Washington of attempting "regime change" in Khartoum by trying to bring in a UN force.
President Mahmoud Abbas could sack the Hamas-led Palestinian government if it does not agree to his terms by the end of the month, a senior official from Abbas's Fatah movement said on Monday.
UN Secretary-General Kofi Annan said on Monday he would appoint a secret negotiator to mediate between Israel and Hizbollah for the release of two Israeli soldiers seized in July.
Steve Irwin, the quirky Australian naturalist who won world-wide acclaim as TV's khaki-clad "Crocodile Hunter", was killed by a stingray barb through the heart while filming a new documentary on Monday.
President Joseph Kabila appears poised to win control of Congo's new parliament, according to preliminary election results, but analysts say he will still face a tough battle in next month's presidential runoff.
The bank accounts of a pro-rebel Tamil charity were ordered frozen Monday as part of an illegal arms trading case that originated in the United States, the Central Bank of Sri Lanka said.
A lone gunman opened fire on a group of foreign tourists in the Jordanian capital Amman on Monday, killing a British man and wounding six other people, officials and witnesses said.
Inmates in a Moscow pre-trial detention centre on Monday seized as many as 15 hostages, including a chief warden and his deputy, a spokesman for Russia's prison administration said.
Sri Lanka's government said it pushed Tamil Tiger rebels from the mouth of strategic Trincomalee harbour in the island's restive north-east on Monday, and that it would therefore halt its offensive.
Prime Minister Ehud Olmert said on Monday he had put his plan for an Israeli pullback from parts of the occupied West Bank on hold amid fears of rocket attacks by Arab militants on the Jewish state.
Sterling slipped against the euro on Monday, edging away from last week's 8-1/2-month high in thin mostly technically-driven trading as investors waited for data that could show if more interest rate rises are on the way.
The yen rose sharply on Monday after firm capital spending data raised speculation that the Bank of Japan may adopt a slightly more hawkish tone, prompting investors to unwind short positions.
Gallaher Group Plc, the world's fifth-biggest tobacco company, on Monday joined a burgeoning roster of companies preparing to issue euro bonds, while a US holiday slowed bond and default swap trading.
Gallaher Group Plc, the world's fifth-biggest tobacco company, on Monday joined a burgeoning roster of companies preparing to issue euro bonds, while a US holiday slowed bond and default swap trading.
Britain's leading share index rose on Monday to close at its highest level in three and a half months, led by mining shares on an albeit thin market because of the US Labour Day holiday. Mining stocks were the biggest risers, buoyed by recent strength in
Indian wheat futures dropped on Monday after the farm minister said private firms have been allowed to import the grain without any duty. Soyaoil fell after the end of some Hindu festivals. Sugar also eased. The September wheat contract on the National Co
London white sugar futures closed up on Monday with business dominated by rolling forward of positions out of October into December, dealers said. Front-month October futures ended $3 higher at $372 per tonne after trading from $376.20 to $368.50. Decembe