Print - 2006-10-08
Vietnam to double rubber output

Vietnam to double rubber output

Vietnam aims to double rubber output to more than 1 million tonnes by 2020 by expanding plantations and increasing yields, a senior industry official told Reuters on Friday.
Published 08 Oct, 2006 12:00am
Fatah leader urges Abbas to sack Hamas government

Fatah leader urges Abbas to sack Hamas government

A senior Fatah official on Saturday urged Palestinian President Mahmoud Abbas to sack the Hamas-led government within two weeks and accused Prime Minister Ismail Haniyeh of sedition.
Published 08 Oct, 2006 12:00am
Russian war reporter shot dead in Moscow

Russian war reporter shot dead in Moscow

Russian journalist Anna Politkovskaya, an outspoken critic of war in rebel Chechnya, was shot dead on Saturday at her apartment block in central Moscow. Politkovskaya, a mother of two, was well-known for exposing rights abuses by Russian troops and remain
Published 08 Oct, 2006 12:00am
Younis Khan again named skipper

Younis Khan again named skipper

Newly appointed Chairman Pakistan Cricket Board (PCB) Dr Nasim Ashraf has appointed Younis Khan as skipper of Pakistan Cricket team and Mohammad Yousaf as vice-captain for ICC Champions Trophy being held in India.
Published 08 Oct, 2006 12:00am
Sri Lanka beat Bangladesh in Champions Trophy opener

Sri Lanka beat Bangladesh in Champions Trophy opener

Sri Lanka defeated Bangladesh by 37 runs in an opener of Champions Trophy qualifying match at the Punjab Cricket Association stadium here on Saturday. Bangladesh only managed to score 265-9 in allotted overs in reply to Sri Lanka's 302-8 made earlier.
Published 08 Oct, 2006 12:00am
Mixed emotions as Suzuka era ends

Mixed emotions as Suzuka era ends

Kimi Raikkonen will have no regrets when Fuji replaces Suzuka on next year's Formula One calendar. Even though the future Ferrari driver won last year's Japanese Grand Prix for McLaren, he has never been a fan of the Honda-owned circuit.
Published 08 Oct, 2006 12:00am
Federer, Henman to clash in Tokyo final

Federer, Henman to clash in Tokyo final

World number one Roger Federer blasted past Germany's Benjamin Becker 6-3 6-4 to reach the final of the Japan Open on Saturday. Federer faces 10th seed Tim Henman in Sunday's final after the former British number one beat South Korea's Lee Hyung-taik 6-4
Published 08 Oct, 2006 12:00am
Pakistani team leave for India

Pakistani team leave for India

Pakistan cricket team has left for India to participate in the ICC Champions Trophy, which started on Saturday. As many as 10 countries including Pakistan, Bangladesh, New Zealand, Australia, India (host), Sri Lanka, South Africa, West Indies, Zimbabwe an
Published 08 Oct, 2006 12:00am
West Indies not taking Zimbabwe lightly

West Indies not taking Zimbabwe lightly

West Indies captain Brian Lara said his team would not take depleted Zimbabwe lightly in Sunday's ICC Champions Trophy qualifier. Defending champions West Indies and Sri Lanka are expected to advance to the main rounds from the four-team qualifiers, which
Published 08 Oct, 2006 12:00am
IMM speculators push net short yen positions to record

IMM speculators push net short yen positions to record

International Monetary Market speculators sharply increased their bets against the yen in the week to October 3, pushing weekly net short positions to the largest since at least 2000, data on Friday showed.
Published 08 Oct, 2006 12:00am
Forex market views, key levels

Forex market views, key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange markets.
Published 08 Oct, 2006 12:00am
Dollar gains in New York

Dollar gains in New York

The dollar strengthened broadly on Friday after upward revisions to US job growth data helped ease worries about a slowing US economy and pushed US bond yields higher. The dollar also rose to a seven-month high against the yen, helped by media report that
Published 08 Oct, 2006 12:00am
US payrolls revisions may spark dollar revival

US payrolls revisions may spark dollar revival

The dollar may be set for further gains this year, after an upward revision to US jobs data on Friday rattled the conviction of some that thought the Federal Reserve's next move will be an interest rate cut.
Published 08 Oct, 2006 12:00am
Canadian dollar edges lower

Canadian dollar edges lower

The Canadian dollar inched lower against the US currency on Friday, surrendering gains as the market digested tepid domestic jobs figures, while the greenback rose after upward revisions to US jobs data eased concerns over an economic slowdown.
Published 08 Oct, 2006 12:00am
US stocks drop as jobs report

US stocks drop as jobs report

US stocks slipped on Friday, snapping the Dow's three-day run to record highs, as jobs data renewed concern about slower economic growth and stubborn inflation, while General Motors Corp sank on fears a major shareholder may begin selling his stake.
Published 08 Oct, 2006 12:00am
Petrobras raised $500 million in 10-year bonds

Petrobras raised $500 million in 10-year bonds

Brazilian state-controlled oil company Petrobras raised $500 million in 10-year global debt notes yielding 6.185 percent, the company said in a statement on Friday.
Published 08 Oct, 2006 12:00am
Petrobras raised $500 million in 10-year bonds

Petrobras raised $500 million in 10-year bonds

Brazilian state-controlled oil company Petrobras raised $500 million in 10-year global debt notes yielding 6.185 percent, the company said in a statement on Friday.
Published 08 Oct, 2006 12:00am
Argentine stocks succumb

Argentine stocks succumb

Argentine stocks succumbed on Friday to profit-taking after two days of gains, as falling oil prices hit some key stocks and following slightly lower Brazilian stocks, which are a benchmark for the local bourse.
Published 08 Oct, 2006 12:00am
Brazilian stocks finish with slight losses

Brazilian stocks finish with slight losses

Brazilian stocks finished slightly down on Friday as traders aversion for news about the country's presidential race and on worries about the direction of the US economy.
Published 08 Oct, 2006 12:00am
Chile stocks close week off record high

Chile stocks close week off record high

Chile stocks fell on Friday as investors took profits after three days of record highs. The all-market IGPA index slipped 0.36 percent to 10,821.68 points, while the blue chip IPSA index fell 0.68 percent to 2,313.59, preliminary closing figures showed.
Published 08 Oct, 2006 12:00am
Emerging debt: risk aversion falls after US jobs data

Emerging debt: risk aversion falls after US jobs data

Investors' aversion to emerging market sovereign debt declined on Friday as bond markets took a mixed US jobs report as a sign the world's largest economy is slowing moderately, without threatening exports from developing countries.
Published 08 Oct, 2006 12:00am
Emerging debt: risk aversion falls after US jobs data

Emerging debt: risk aversion falls after US jobs data

Investors' aversion to emerging market sovereign debt declined on Friday as bond markets took a mixed US jobs report as a sign the world's largest economy is slowing moderately, without threatening exports from developing countries.
Published 08 Oct, 2006 12:00am
European Stocks: M&A boom seen fuelling more gains

European Stocks: M&A boom seen fuelling more gains

European stock markets already at five-year highs could get a new fillip from tame oil prices and ongoing take-over buzz next week, but economic data and comments by central bankers will ultimately drive sentiment.
Published 08 Oct, 2006 12:00am
US Treasuries fall as job data

US Treasuries fall as job data

US government debt prices fell sharply on Friday after US employment data pointing to a tighter labour market persuaded some investors that the Federal Reserve might not cut interest rates as soon as some had expected.
Published 08 Oct, 2006 12:00am
US Treasuries fall as job data

US Treasuries fall as job data

US government debt prices fell sharply on Friday after US employment data pointing to a tighter labour market persuaded some investors that the Federal Reserve might not cut interest rates as soon as some had expected.
Published 08 Oct, 2006 12:00am
Toronto stocks dip

Toronto stocks dip

Toronto stocks closed moderately lower on Friday, hit by weak commodity prices and domestic jobs data that made investors worry if interest rates would fall as early as they had hoped.
Published 08 Oct, 2006 12:00am
Mexican stocks hit third straight record close

Mexican stocks hit third straight record close

Mexico's stock index closed a touch higher to hit its third record close in a row on Friday as optimism over upcoming corporate earnings in the country eclipsed weak jobs data out of the United States.
Published 08 Oct, 2006 12:00am
US high-grade corporate bonds spread slightly changed

US high-grade corporate bonds spread slightly changed

US high-grade corporate bond spreads were unchanged to slightly wider on Friday as Tracinda Corp's decision not to buy additional shares of General Motors Corp captured the market's attention, while high-yield bonds were flat to slightly higher.
Published 08 Oct, 2006 12:00am
US high-grade corporate bonds spread slightly changed

US high-grade corporate bonds spread slightly changed

US high-grade corporate bond spreads were unchanged to slightly wider on Friday as Tracinda Corp's decision not to buy additional shares of General Motors Corp captured the market's attention, while high-yield bonds were flat to slightly higher.
Published 08 Oct, 2006 12:00am
Canadian bond prices slip

Canadian bond prices slip

The Canadian bond prices fell sharply on Friday, along with US Treasuries which slid after the jobs report as hopes that the US Federal Reserve may soon cut interest rates faded away with the revisions to jobs data for August and earlier months.
Published 08 Oct, 2006 12:00am
Canadian bond prices slip

Canadian bond prices slip

The Canadian bond prices fell sharply on Friday, along with US Treasuries which slid after the jobs report as hopes that the US Federal Reserve may soon cut interest rates faded away with the revisions to jobs data for August and earlier months.
Published 08 Oct, 2006 12:00am
Iran wants Opec oil basket back at $60

Iran wants Opec oil basket back at $60

Iranian Oil Minister Kazem Vaziri-Hamaneh said he hoped the Opec basket oil price would hit $60 a barrel or more in the next few days, Iranian state television quoted him on Saturday as saying.
Published 08 Oct, 2006 12:00am
Morocco seeks investment in state land

Morocco seeks investment in state land

Morocco is eager to lure more foreign investors from Europe and the Arab Gulf region to help it modernise its agriculture as it prepares to lease more state-owned farms, a farm official said on Friday. The government leased a first batch of state-owned fa
Published 08 Oct, 2006 12:00am
AirAsia founders eye long-haul airline

AirAsia founders eye long-haul airline

The founders of Malaysia-based low-cost carrier AirAsia plan to set up a new budget airline that will operate long-haul flights, a business weekly reported. The Edge, citing unnamed sources, said the new airline, which would be privately owned, might begi
Published 08 Oct, 2006 12:00am
EU warns of 'dangerous spiral' on Turkey bid

EU warns of 'dangerous spiral' on Turkey bid

European countries are sending Turkey too many negative signals about its EU bid, denting Ankara's desire to enact reforms in a vicious spiral that could end in disaster, a senior European Commission official warned.
Published 08 Oct, 2006 12:00am
Debt relief slowly curbing Africa poverty: IMF

Debt relief slowly curbing Africa poverty: IMF

International efforts to reduce Africa's crippling debt are slowly helping to curb poverty on the continent, but the key to a real breakthrough is stronger economic growth, a top IMF official said on Friday.
Published 08 Oct, 2006 12:00am
Google to buy YouTube

Google to buy YouTube

Internet search leader Google Inc is in talks to buy popular Web video site YouTube Inc for close to $1.6 billion, the Wall Street Journal reported on Friday, citing a person familiar with the matter.
Published 08 Oct, 2006 12:00am
China bars tourists from shrinking glaciers

China bars tourists from shrinking glaciers

China has closed melting glaciers in its north-western Xinjiang region to tourists who littered, polluted and even drove across the ice that provides water to millions, the official Xinhua agency said on Saturday.
Published 08 Oct, 2006 12:00am
Italy to scrap limit on motorway builders' votes

Italy to scrap limit on motorway builders' votes

Italy will scrap a 5 percent limit on construction firms' voting rights in highway operators after the EU signalled such a ceiling would breach EU rules, Italy's minister for EU affairs said on Saturday.
Published 08 Oct, 2006 12:00am
Cracks appear in big four emerging markets

Cracks appear in big four emerging markets

Brazil, Russia, India and China have long been the darlings of emerging market investors. Now, though, cracks have appeared among the BRICs. After generally outperforming broader emerging market equities since January, the big four combined reversed the t
Published 08 Oct, 2006 12:00am
Cracks appear in big four emerging markets

Cracks appear in big four emerging markets

Brazil, Russia, India and China have long been the darlings of emerging market investors. Now, though, cracks have appeared among the BRICs. After generally outperforming broader emerging market equities since January, the big four combined reversed the t
Published 08 Oct, 2006 12:00am
10 percent growth needed to tackle poverty: Singh

10 percent growth needed to tackle poverty: Singh

India's economy, Asia's fourth largest, can grow at an annual pace of 10 percent - tackling poverty - if nearly $320 billion is spent fixing creaky infrastructure, the prime minister said on Saturday.
Published 08 Oct, 2006 12:00am
India needs $50 billion annually to better infrastructure: Chidambaram

India needs $50 billion annually to better infrastructure: Chidambaram

India needs to reforms its pension and insurance sectors and develop a corporate debt market to raise long term funds of $50 billion annually from domestic markets to improve its rickety infrastructure, Finance Minister Palaniappan Chidambaram said on Sat
Published 08 Oct, 2006 12:00am
Franco-German tensions surface amid EADS crisis

Franco-German tensions surface amid EADS crisis

Germany's defence minister warned in a magazine article on Saturday against the French gaining too much influence in aerospace group EADS as signs emerged that a company crisis was rekindling Franco-German tensions.
Published 08 Oct, 2006 12:00am
Chevron, Petronas to pay $281.6 million tax: Chad

Chevron, Petronas to pay $281.6 million tax: Chad

US oil major Chevron and Malaysia's Petronas will pay Chad $281.6 million under a deal to end a tax dispute which saw them threatened with expulsion from the central African country, the government said.
Published 08 Oct, 2006 12:00am
Chevron, Petronas to pay $281.6 million tax: Chad

Chevron, Petronas to pay $281.6 million tax: Chad

US oil major Chevron and Malaysia's Petronas will pay Chad $281.6 million under a deal to end a tax dispute which saw them threatened with expulsion from the central African country, the government said.
Published 08 Oct, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 93,825 tonnes of cargo including 82,242 tonnes import, 11,583 tonnes export cargo and 2,897 containers during last 24 hours ending at 0700 hours on Saturday.
Published 08 Oct, 2006 12:00am
Moong, masoor up on grain market

Moong, masoor up on grain market

Moong and masoor prices went up on the grain market on Saturday as buying increased to Iftar items requirements, dealers said. On the cereals side, Moong Punjab was higher by Rs 250 to Rs 3125.
Published 08 Oct, 2006 12:00am
Asian freight rates continued to ease

Asian freight rates continued to ease

Freight rates for the benchmark Asian route continued to ease from 17-month highs, as the end of the South American grain season and national holiday celebrations in China, South Korea and Taiwan weighed on prices.
Published 08 Oct, 2006 12:00am
Singapore bunker fuel prices lower

Singapore bunker fuel prices lower

Singapore bunker prices were lower on Friday, as the premium to fuel oil cargo values stayed around $1-$2 a tonne amid poor demand for a fifth consecutive day.
Published 08 Oct, 2006 12:00am
Brazilian sugar vessels lineup jumps

Brazilian sugar vessels lineup jumps

The lineup of vessels waiting to load sugar in Brazilian ports jumped to 57 from 49 last week, shipping agent Williams said Thursday. In a report, it said 30 vessels were lined up in the southern port of Santos, up from 27 a week ago. There were 10 vessel
Published 08 Oct, 2006 12:00am
Transatlantic clean tanker rates down

Transatlantic clean tanker rates down

The rates in the transatlantic clean tanker market weakened on Wednesday on a heavy buildup of vessels in Europe, ship brokers said. The market outlook was also bleak in the near term as the vessel supply continued to outweigh the strong flow of cargoes t
Published 08 Oct, 2006 12:00am
Santos port August movement rises

Santos port August movement rises

Brazil's main port of Santos moved 7.4 million tonnes of cargo in August, up 14 percent from the same month in 2005, the Port Authority Codesp said on Friday. The port accounted for 25.9 percent of Brazil's international trade in August.
Published 08 Oct, 2006 12:00am
Paranagua suspends port dredging work

Paranagua suspends port dredging work

The suspension of a dredging program at Brazil's main grain port of Paranagua is expected to impede any increase in future grain exports and disrupt shipping traffic flow, some ship owners and agents said on Wednesday.
Published 08 Oct, 2006 12:00am
Crude oil prices sink, precious metals under pressure

Crude oil prices sink, precious metals under pressure

Crude oil prices ducked below 58 dollars this week, calmed by healthy US energy stockpiles, but rebounded slightly after Opec signalled it might cut output to remedy the situation.
Published 08 Oct, 2006 12:00am
New York sugar closes quietly mixed

New York sugar closes quietly mixed

Raw sugar prices ended mixed on Friday as speculative pressure matched up against trade buying in a market where the longer-term trend appears to be negative over the next few weeks, brokers said.
Published 08 Oct, 2006 12:00am
New York gold higher

New York gold higher

Gold futures recovered minutes before the close on Friday to end a volatile session higher as speculators bought back shorts after failing to take gold to a new low before the weekend.
Published 08 Oct, 2006 12:00am
Soyabean futures weaker

Soyabean futures weaker

Soyabean futures at the Chicago Board of Trade closed weak on Friday as farmers harvested what could be a record large US soyabean crop, traders said. "There was light two-sided trade today in beans and little change. Forecasts for favourable harvest weat
Published 08 Oct, 2006 12:00am
New York coffee settles with losses

New York coffee settles with losses

Arabica benchmark coffee futures finished moderately lower on Friday, with a rainy weather forecast in Brazil's coffee growing region dampening prices, traders said. Some players had built speculative long positions based on recent dry conditions in the B
Published 08 Oct, 2006 12:00am
New York copper ends firm

New York copper ends firm

Copper futures in New York settled with healthy gains on Friday as chart-based buying boosted prices, extending a midweek technical bounce, sources said. However, further upside potential remained to be seen, given the market's extreme volatility, they sa
Published 08 Oct, 2006 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (October 09, 2006).

Published 08 Oct, 2006 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (September 01 to 30, 2006)

Published 08 Oct, 2006 12:00am
The Weather

The Weather

The weather report on Saturday (October 07, 2006) and the forecast for Sunday (October 08, 2006).
Published 08 Oct, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
THE RUPEE: dollar higher in open market

THE RUPEE: dollar higher in open market

Bearish sentiment was seen in the open market on Saturday as the rupee dropped versus the dollar, shedding 10 paisa for buying at 60.65 and slid five paisa for selling at 60.70, respectively.
Published 08 Oct, 2006 12:00am
THE RUPEE: dollar higher in open market

THE RUPEE: dollar higher in open market

Bearish sentiment was seen in the open market on Saturday as the rupee dropped versus the dollar, shedding 10 paisa for buying at 60.65 and slid five paisa for selling at 60.70, respectively.
Published 08 Oct, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (October 07, 2006) and for Sunday (October 08, 2006).
Published 08 Oct, 2006 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

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
Published 08 Oct, 2006 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (October 07, 2006).

Published 08 Oct, 2006 12:00am
Response to a mega disaster

Response to a mega disaster

I had only seen the pictures of devastation and obliteration on television and newspapers and had no idea what will be the real view, unless I travelled myself to those areas, couple of days after the earthquake played havoc in most parts of Azad Kashmir
Published 08 Oct, 2006 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

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
Published 08 Oct, 2006 12:00am