Hong Kong stocks ended up 0.36 percent on Tuesday, as investors bid up China Construction Bank and other mainland lenders ahead of a roughly US $20 billion initial public offering by Industrial and Commercial Bank of China later this month.
There is no sign and not even a visible street address outside the Miami office of money manager Thomas Herzfeld. "I'd appreciate it if you don't mention where we are," Herzfeld, 61, told Reuters during a break from trading one recent afternoon.
It is in continuation of letters dated 07.8.06 and 12.08.06 of Amjad Aziz Khan and Khawaja Muhammad Amin respectively on the plight of UBL pensioners, published in your esteemed newspaper.
A PTCL advertisement published in various newspapers, informs its subscribers about the special call rates being offered during the Holy month of Ramazan. Some calling card companies are also offering very cheap rates for making international phone calls.
Sorry to say that we are all Muslims in Pakistan. Especially in the holy month of Ramazan prices of fruits, vegetable, kitchen essentials, including meat [chicken and goat] always rise.
Ministry of Information Technology will shortly launch a multi-billion-rupees project with the help of World Bank to accelerate growth of telecommunication in remote areas of the country.
Over Rs 3.5 billion budget for Azad Jammu and Kashmir Council for the financial year 2006-07 was presented on Tuesday. Kashmir and Northern Areas Minister Tahir Iqbal, who also in-charge of AJK Council Secretariat, presented the budget at the first sessio
Over Rs 3.5 billion budget for Azad Jammu and Kashmir Council for the financial year 2006-07 was presented on Tuesday. Kashmir and Northern Areas Minister Tahir Iqbal, who also in-charge of AJK Council Secretariat, presented the budget at the first sessio
Gold futures slid in New York on Tuesday as issues ranging from falling crude oil prices to post-holiday liquidation conspired to push precious metals below key technical levels, sparking automatic sell orders, market experts said.
Copper futures in New York settled at a 10-week low on Tuesday, pressured by heavy losses in the oil and precious metals markets, sources said. "It seemed to be triggered by the further down-move in the energy markets, which appear to be building bearish
Soybean futures at the Chicago Board of Trade were lower at Tuesday's midsession on follow-through weakness as harvest gained momentum in the heart of the US Midwest, traders said. The drop in the CBOT grains markets was also bearish.
Corn futures at the Chicago Board of Trade slipped Tuesday on a technical setback after climbing to a two-year high on Monday, traders said. The advancing harvest of what could be the second largest corn crop in US history added to the bearish tone.
Wheat futures at the Chicago Board of Trade were sharply lower at midsession on Tuesday in a technical setback after rising to 10-year highs on Wednesday, traders said.
Raw sugar prices finished sharply lower Tuesday as investment fund liquidation and record deliveries in the expired October raw sugar contract battered sentiment, brokers said.
US cocoa futures settled down nearly 1 percent Tuesday amid general weakness in commodity prices and soft technicals, which could pave the way for further declines, sources said.
Arabica coffee futures were called to open unchanged to down 0.50 cent Tuesday with players expected to continue to exit positions after Monday's sharp sell-off, exchange floor sources said.
Gold slipped nearly three percent on Tuesday as a drop in crude oil on healthy fuel inventories in the United States reduced the metal's appeal as a hedge against inflation, dealers said.
Copper prices stumbled on Tuesday as concerns emerged about falling demand after news of weak US manufacturing data, but analysts said the possibility of strikes amid tight supplies would support prices.
London white sugar futures closed lower on speculative selling on Tuesday, weighed by a large delivery against expiry of the New York October raw sugar futures contract and weak physical offtake, dealers said.
Cotton futures ended Tuesday near fresh lifetime lows due to speculative sales and the downward glide of the market seems to show no signs of abating in the days ahead, brokers said. The New York Board of Trade's December cotton contract fell 0.35 cent to
Oil tumbled more than $2 on Tuesday to below $59 a barrel, sinking to the lowest level since February and prompting Opec 's president to call on the exporter group to deepen supply cuts.
The European Bank for Reconstruction and Development on Tuesday said investments in Russia should not be reduced owing to concerns over the Sakhalin energy project.
Montana Governor Brian Schweitzer and a consortium of energy and technology companies on Monday announced the state will be home to one of the nation's first coal-to-liquids energy plants.
The FTSE 100 index fell on Tuesday, weighed by sliding crude prices and ahead of an expected weak start on Wall Street. BP dropped 2.2 percent as oil fell towards $60 a barrel on expectations of further increases in US inventories and before a company tra
The Dow Jones industrial average set an all-time high on Tuesday, surpassing the previous record made in 2000, as investors bet that sliding crude oil prices will underpin corporate profits even as economic growth slows.
NXP Semiconductors unveiled first price guidance on what will be the largest-ever high-yield bond sale from a European issuer on Tuesday, while a German holiday slowed trading in the wider corporate bond market.
NXP Semiconductors unveiled first price guidance on what will be the largest-ever high-yield bond sale from a European issuer on Tuesday, while a German holiday slowed trading in the wider corporate bond market.
The yen slipped on Tuesday when North Korea said it would conduct a nuclear test, after earlier strengthening on market speculation policymakers were concerned about the euro's lofty levels against the Japanese unit.
The Indian rupee ended at its strongest level since May 24 as a weak dollar prompted exporters and custodial banks to sell the US unit and dealers said talk of a possible cut in US rates may push the rupee further up.
Sterling ticked higher against the dollar and euro on Tuesday, driven by its strength versus a broadly weaker yen and underpinned by expectations the Bank of England would raise interest rates in November.
North Korea said on Tuesday it would conduct its first nuclear test, and Washington warned it would respond to such an "unacceptable threat" to world peace. A statement by the Foreign Ministry of the isolated communist state blamed a US "threat of nuclear
Japan on Tuesday threw its support behind South Korean Foreign Minister Ban Ki-Moon to be the next chief of the United Nations, after previous hesitation due to strained ties between the neighbours.
Nato said it would complete its expansion across Afghanistan on Thursday and take command of thousands of US troops in the east of the country, even as two American soldiers died in the troubled region.
Americans John Mather and George Smoot won the 2006 Nobel prize for physics on Tuesday for work on cosmic radiation which helped pinpoint the age of the universe and supported the Big Bang theory of its birth.
The United States and Britain said on Tuesday Iran could soon face sanctions because it showed no sign of halting sensitive nuclear work, while the EU said the latest talks had been helpful but had brought no breakthrough.
A group of religious leaders including Nobel winner Desmond Tutu and the Dalai Lama called Tuesday for urgent agreement on a global arms trade treaty, saying it could save hundreds of thousands of lives.
Iraq's parliament on Tuesday welcomed an agreement designed to staunch sectarian bloodshed in Baghdad, but there was no sign of further talks to add substance to the prime minister's sketchy four-point plan.
Authors from India, the guest country at the 58th Frankfurt Book Fair, on Tuesday hailed the chance to show off an intriguing nation on the move at the publishing world's biggest annual event.
US Secretary of State Condoleezza Rice on Tuesday called on Palestinians to stop internal fighting that has killed 12 people in the last two days, complicating Israeli-Palestinian peace efforts.
Prime minister Ismail Haniya vowed Tuesday that his Hamas-led government would not let Palestinians slide into civil war following the deadliest bout of internecine fighting since he took office.
The Indian government on Tuesday summoned health ministers from four dengue fever-hit states following the hospitalisation of hundreds of people for the mosquito-borne illness.
Israel committed serious violations of human rights during its offensive in Lebanon, but Hezbollah must also be called to account for its actions, which could constitute war crimes, four United Nations experts said on Tuesday.
An Indian court on Tuesday convicted a man of conspiracy over a series of 1993 bomb attacks in Mumbai which killed 257 people. Judge P.D Kode found Niyaz Ahmed Shaikh guilty of attending conspiracy meetings, going to Pakistan for arms training and surveyi
Singer Katie Melua has set the world record for the deepest underwater concert, held 303 meters (994 feet) under the sea inside the hollow leg of an offshore North Sea rig, the artist and oil group Statoil said on Tuesday.
Sri Lanka's Tamil Tigers told Norway's special peace envoy on Tuesday they are prepared to meet the government for crunch peace talks in Oslo in late October, a source close to the negotiations told Reuters, in a move welcomed as "positive" by the governm
The Washington Times, a conservative newspaper that generally supports Republicans, called on Tuesday for the resignation of House Speaker Dennis Hastert over his handling of a congressional sex scandal.
Companies may pay women less than their male colleagues if their length of service is shorter because of taking time off to look after children, the EU's top court ruled on Tuesday in a blow for equal pay campaigners.
Archaeologists said Tuesday they have discovered an 11-millennium-old building with on the banks of the Euphrates River in northern Syria. "A remarkable discovery has just been uncovered of a large circular building dating back to 8,800 BC near (the local
A United Nations human rights expert on Tuesday pressed a host of governments, including the United States, to extend formal invitations to allow him to assess their record in the "war on terror."
Two of India's top rival media houses on Tuesday signed an agreement to launch a new daily newspaper in the Indian capital amid a boom spurred by the economy's rapid growth.
A leading aid group warned Tuesday that millions of Africans are at risk of starving due to misspent emergency assistance by Western governments. CARE International UK called for a "drastic overhaul" of the international community's funding of emergencies
Batsman Faisal Iqbal will replace banned skipper Inzamam-ul-Haq in Pakistan's Champions Trophy squad after the country received clearance from the International Cricket Council (ICC).
A second half goal from Helen Richardson sealed a solid victory for England over Olympic Champions Germany at the Women's World Cup field hockey tournament here on Tuesday.
Former Pakistan fast bowler Sarfraz Nawaz said on Tuesday he was able to detect ball-tampering from 1,000 yards away and offered cricket chiefs his services to stop the practice.
West Indian great Clive Lloyd will mastermind the campaign of Brian Lara's team during the Champions Trophy one-day tournament starting in India on Saturday.
Tim Henman thrashed Canada's Frank Dancevic 6-2 6-1 at the Japan Open on Tuesday in his first match in Tokyo for eight years - and then thanked Andy Murray.
Andrew Flintoff is expected to bat, bowl, field, lead and win matches for England whose key players have been in and out of hospital doors since winning the Ashes last year. No all-rounder in the Champions Trophy carries the same burden as Flintoff, a maj
The Hong Kong dollar weakened on Tuesday, undermined by corporate demand for the US currency and some arbitrage trade. The domestic currency fell as low as 7.7932 to the US dollar, its weakest point since May 20, 2005, before pulling back to 7.7920/21. On
Asian currencies rose on Tuesday as the dollar took a beating after data showing US manufacturing growth slowed to its weakest in 16 months stoked speculation that the next US interest rate move could be a cut.
The Australian dollar snapped a four-session decline to nudge higher against the US dollar on Tuesday, brushing off data that suggested Australia's central bank might not need to raise interest rates again this year.
Interbank buy/sell rates for the taka against the dollar on Tuesday. 67.00/67.75 (previous 67.00/67.70). Call Money Rates: 6.40-10.00 percent (previous 6.40-10.00 percent).
The dollar slipped on Monday, snapping a six-session streak of gains, after a report showing weaker-than-expected US factory activity in September stoked fears of an interest-rate cut and exacerbated a technical move lower.
The dollar stayed under pressure on Tuesday after data showed US manufacturing growth slowed to its weakest in 16 months, bolstering expectations that a slowing economy could prompt the Federal Reserve to cut interest rates.
The Swiss franc edged down against the euro on Tuesday after a surprise fall in Swiss consumer price bolstered the view that the Swiss National Bank had no need to speed up its campaign of gradual rate hikes. The franc was down 0.13 percent against the eu
Malaysian share prices closed 0.21 percent lower on Tuesday on profit-taking in the blue chips as the market continued in a narrow range, dealers said. The Kuala Lumpur Composite Index lost 2.11 points to 967.56 on volume of 407.59 million shares worth 70
The Nikkei average ended flat on Tuesday, snapping a four-session winning streak after Goldman Sachs cut ratings on tech heavyweights including Sony Corp and Pioneer Corp Buoying the market was Nomura Real Estate Holdings Inc, Japan's fifth-largest proper
Thai share prices closed 0.29 percent lower on Tuesday, slipping back in late trade after North Korea announced it would conduct a nuclear test, dealers said. They said the North Korean news came very late in the day but was cause for concern given the po
Singapore share prices closed 0.26 percent lower on Tuesday as investors took profits, dealers said. They said that while losses on Wall Street weighed on the main index, investors remained optimistic overall about broad market fundamentals given falling
Indonesian share prices closed 0.58 percent higher on Tuesday as investors bought property and bank stocks on expectations of an interest rate cut by the central bank, dealers said. The Jakarta Stock Exchange composite index rose 8.803 points at 1,537.710
US Treasury debt prices rose on Monday as softness in the manufacturing sector suggested businesses were being hurt by the housing slowdown. September figures from the Institute for Supply Management appeared to vindicate the Federal Reserve's decision to
US Treasury debt prices rose on Monday as softness in the manufacturing sector suggested businesses were being hurt by the housing slowdown. September figures from the Institute for Supply Management appeared to vindicate the Federal Reserve's decision to
Japanese government bonds extended their gains on Tuesday following a 10-year bond auction that produced the strongest results in nine months. The offer was the first major JGB sale in the fiscal second half that began on October 1 and came after several
Japanese government bonds extended their gains on Tuesday following a 10-year bond auction that produced the strongest results in nine months. The offer was the first major JGB sale in the fiscal second half that began on October 1 and came after several
US stocks started the fourth quarter lower on Monday, with tech shares giving back some recent gains as a brokerage downgrade hit shares of Apple Computer Inc and a legal battle hurt chip maker Qualcomm Inc.
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Two Turks surrendered to Italian police on Tuesday after hijacking a Turkish Airlines plane amid conflicting reports over their motives, a civil aviation official said. "The two men have surrendered to police," the official told AFP.
Two Turks surrendered to Italian police on Tuesday after hijacking a Turkish Airlines plane amid conflicting reports over their motives, a civil aviation official said. "The two men have surrendered to police," the official told AFP.
The Finance Ministry has expressed inability to take any action against those responsible for causing Rs 27.46 billion financial loss to the Industrial Development Bank of Pakistan (IDBP).
The Finance Ministry has expressed inability to take any action against those responsible for causing Rs 27.46 billion financial loss to the Industrial Development Bank of Pakistan (IDBP).
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
The Finance Ministry has expressed inability to take any action against those responsible for causing Rs 27.46 billion financial loss to the Industrial Development Bank of Pakistan (IDBP).
Spot basis bids for corn and soyabeans were mixed around the US Midwest Tuesday as scattered rainfall around the region delayed harvest in some areas, grain dealers said. Cash bids for wheat were mostly steady.
Wheat futures at the Chicago Board of Trade closed higher Monday, after jumping to the highest level in 10 years, amid dwindling global stocks of wheat and persistent dry weather in Australia's wheat areas, traders said.
The trading in jute goods moved up on Jodia Bazar here, on Tuesday. The following changes were seen. Jute Goods Twine (Per kg): 20x3 brown moved high by 50 paisa at Rs 38.50, 16x3 CRT/Indus went up by 50 paisa at Rs 38.50 and 40x2 ended upward by Re 1 at
US FOB Gulf corn and soyabean export premiums held steady on Monday with little export activity due to holidays in Asia, traders said. Hard and soft red winter wheat basis offers were unchanged amid fresh rumours on Monday that Iraq may have bought up to
Hard red winter wheat basis bids were steady to weaker Tuesday as increased farmer selling met lackluster demand, grain merchants said. "We took the Gulf basis down to 55 cents over because of the soft market," said one Oklahoma wheat dealer.