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Print - 2006-11-09
Shanghai copper firm

Shanghai copper firm

Shanghai copper futures firmed slightly while other metals sagged on Wednesday, as London Metal Exchange zinc continued to grab the spotlight.
Published 09 Nov, 2006 12:00am
Indian soya lower

Indian soya lower

Indian soyaoil futures continued to lose on higher domestic supplies on Wednesday, while wheat eased marginally with rains in some growing regions as farmers step up sowing.
Published 09 Nov, 2006 12:00am
Indonesia cuts palm oil base export prices

Indonesia cuts palm oil base export prices

Indonesia has cut the base export prices of palm oil products to bring them in line with international prices, the trade ministry said on Wednesday.
Published 09 Nov, 2006 12:00am
New York sugar futures down

New York sugar futures down

Raw sugar futures in New York ended lower on Tuesday as producer selling emerged near the top of the range, with further losses expected in the near term, sources said.
Published 09 Nov, 2006 12:00am
Soyabeans close higher

Soyabeans close higher

The Chicago Board of Trade soyabean market ended higher on Tuesday, getting a boost from the rally in corn, traders said. Soyabeans "were just followers," one CBOT trader said. November soyabeans closed 5-1/2 cents higher at $6.54-3/4 and January soya was
Published 09 Nov, 2006 12:00am
CBOT rice ends unchanged

CBOT rice ends unchanged

Chicago Board of Trade rough rice futures closed steady on Tuesday after a lightly traded session, floor traders said. "It was a slow day. There wasn't much to get the market moving one way or the other," said one rice broker. November rice closed unchang
Published 09 Nov, 2006 12:00am
Bangladesh imports 20,000 tonnes of raw sugar

Bangladesh imports 20,000 tonnes of raw sugar

Bangladesh's Deshbandhu Sugar Mills Ltd (DSML), a private refiner, said on Wednesday it was importing 20,000 tonnes of raw sugar from Brazil, for expected delivery by the middle of this month.
Published 09 Nov, 2006 12:00am
Tokyo rubber falls

Tokyo rubber falls

Japanese rubber futures fell in trade on Wednesday to the key support of 210.0 yen with physical demand thin and poor sentiment towards futures prices. But traders said they did not expect that support level to hold.
Published 09 Nov, 2006 12:00am
Malaysian palm oil lower

Malaysian palm oil lower

Malaysian crude palm oil futures closed lower on Wednesday as players took gains from a recent rally that lifted prices to two-year highs. "The uptrend seems to be over for the time being," said one dealer. "The market will test lower levels."
Published 09 Nov, 2006 12:00am
Big oil trumps Clinton, Hollywood in California

Big oil trumps Clinton, Hollywood in California

California voters rejected a ballot measure to tax state oil production and fund the development of alternative energy after one of the most expensive referendum campaigns in US history, according to results early on Wednesday.
Published 09 Nov, 2006 12:00am
Democrats gain more power over economic policy

Democrats gain more power over economic policy

Democrats who seized power in the US House of Representatives from President George W. Bush's Republican Party may engineer a higher minimum wage for Americans but not a sweeping makeover in economic policy-making, analysts said.
Published 09 Nov, 2006 12:00am
German exports surge to four-year high in September

German exports surge to four-year high in September

German exports leapt by 6.6 percent on the month in September, their fastest increase in more than four years, underlining the strength of growth in Europe's largest economy in the third quarter.
Published 09 Nov, 2006 12:00am
McDonald's sales up

McDonald's sales up

McDonald's Corp on Wednesday said sales at its hamburger restaurants open at least 13 months rose 5.5 percent in October, thanks to a popular Monopoly promotion in the United States. Three Wall Street analysts had forecast increases of 4.6 percent to 5.5
Published 09 Nov, 2006 12:00am
McDonald's sales up

McDonald's sales up

McDonald's Corp on Wednesday said sales at its hamburger restaurants open at least 13 months rose 5.5 percent in October, thanks to a popular Monopoly promotion in the United States. Three Wall Street analysts had forecast increases of 4.6 percent to 5.5
Published 09 Nov, 2006 12:00am
Georgia rejects Russian gas deal

Georgia rejects Russian gas deal

Georgia rejected a compromise deal with the Russian gas monopoly Gazprom on Wednesday, leaving it with the prospect of either paying twice the price for Russian fuel or having supplies cut off.
Published 09 Nov, 2006 12:00am
Warner pulls out of China cinemas on rule change

Warner pulls out of China cinemas on rule change

Entertainment giant Time Warner Inc, which opened its first joint venture cinema in China four years ago, has decided to pull out of the business after Beijing tightened restrictions on foreign investors.
Published 09 Nov, 2006 12:00am
Airbus A380 woes push EADS to third quarter loss

Airbus A380 woes push EADS to third quarter loss

Airbus parent EADS swung to a third-quarter operating loss after delays to the A380 superjumbo programme that have scared off major customer FedEx led to 1 billion euros ($1.28 billion) in charges.
Published 09 Nov, 2006 12:00am
Airbus A380 woes push EADS to third quarter loss

Airbus A380 woes push EADS to third quarter loss

Airbus parent EADS swung to a third-quarter operating loss after delays to the A380 superjumbo programme that have scared off major customer FedEx led to 1 billion euros ($1.28 billion) in charges.
Published 09 Nov, 2006 12:00am
China posts record trade surplus of $23.83 billion

China posts record trade surplus of $23.83 billion

China on Wednesday posted a record trade surplus of $23.83 billion for October, handing policy makers a major headache and raising the prospect of even greater pressure on Beijing to let the yuan rise faster.
Published 09 Nov, 2006 12:00am
Asia rich ground for funds, but hedge tools thin

Asia rich ground for funds, but hedge tools thin

Asia offers hedge fund managers better opportunities to generate returns than more developed markets, but is short on the tools that would help them smooth volatility, industry players said on Wednesday.
Published 09 Nov, 2006 12:00am
Asia rich ground for funds, but hedge tools thin

Asia rich ground for funds, but hedge tools thin

Asia offers hedge fund managers better opportunities to generate returns than more developed markets, but is short on the tools that would help them smooth volatility, industry players said on Wednesday.
Published 09 Nov, 2006 12:00am
Gulf oil producers take stock after Opec cuts

Gulf oil producers take stock after Opec cuts

Saudi Arabia and its Gulf neighbours assessed the impact of Opec's recently agreed 1.2 million barrels per day output cut on Wednesday and whether a further reduction will be needed before year end. Officials dismissed a US government agency report Opec w
Published 09 Nov, 2006 12:00am
Google chief executive denies rumour of YouTube legal reserve

Google chief executive denies rumour of YouTube legal reserve

Google Inc Chief Executive Eric Schmidt on Tuesday denied a widely circulated rumour that his company had set aside $500 million to settle copyright claims by media companies as part of its deal to acquire video-sharing site YouTube Inc.
Published 09 Nov, 2006 12:00am
Emirates to offer mobile phone service

Emirates to offer mobile phone service

Dubai government-owned Emirates, the largest Arab airline, said on Wednesday it will start offering passengers mobile phone services on long-haul flights from January 1. Britain-based AeroMobile will provide the technology, a spokeswoman for Emirates said
Published 09 Nov, 2006 12:00am
Orange and Hewlett-Packard win EU Commission contract

Orange and Hewlett-Packard win EU Commission contract

France Telecom said on Wednesday that Orange Business Services, its corporate services unit, and Hewlett-Packard had together won a 210-million-euro ($268.3 million) contract with the European Commission.
Published 09 Nov, 2006 12:00am
French telecoms should share fibre costs: watchdog

French telecoms should share fibre costs: watchdog

France's telecoms watchdog Arcep on Wednesday called for operators to co-operate and share the burden of investing in next-generation super fast networks connecting buildings in urban areas with fibre-optic cables.
Published 09 Nov, 2006 12:00am
Taiwan stocks little changed

Taiwan stocks little changed

Taiwan shares ended down 0.09 percent on Wednesday, but construction shares such as Highwealth rose as investors moved to traditional shares after a rally the previous session.
Published 09 Nov, 2006 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed 0.39 percent higher on Wednesday in mixed trade with gains pared back by late profit-taking, dealers said. However, the key index remained above the 1,000-point benchmark, driven by gains on the back of a rally on Wall Street
Published 09 Nov, 2006 12:00am
Hong Kong shares finish record winning streak

Hong Kong shares finish record winning streak

Hong Kong stocks fell 0.7 percent on Wednesday, halting five straight sessions of record closes, as investors sold China Mobile after a string of fresh six-year peaks and more talk of a share placement.
Published 09 Nov, 2006 12:00am
US stocks rise on hopes election brings gridlock

US stocks rise on hopes election brings gridlock

US stocks rallied on Tuesday, pushing the Dow Jones industrial average to a fresh all-time high as investors bet midterm elections would leave Congress gridlocked, maintaining the status quo for doing business.
Published 09 Nov, 2006 12:00am
Indian shares sag on US election impact

Indian shares sag on US election impact

Indian share prices fell 0.64 percent on Wednesday on fears that a resurgence by the Democrats in US mid-term elections could mean less market-friendly economic policies, dealers said.
Published 09 Nov, 2006 12:00am
US Treasuries surge on weak housing

US Treasuries surge on weak housing

US government debt prices rose on Tuesday as a rush of unsettling news from home builders bolstered the view that the housing downturn will continue to weaken economic growth.
Published 09 Nov, 2006 12:00am
US Treasuries surge on weak housing

US Treasuries surge on weak housing

US government debt prices rose on Tuesday as a rush of unsettling news from home builders bolstered the view that the housing downturn will continue to weaken economic growth.
Published 09 Nov, 2006 12:00am
Jakarta shares fall

Jakarta shares fall

Jakarta share prices closed 0.49 percent lower on Wednesday amid profit taking in big caps like Telkom and Astra International after the benchmark posted nine successive record closes, dealers said.
Published 09 Nov, 2006 12:00am
Singapore stocks tumble

Singapore stocks tumble

Singapore share prices closed 0.51 percent lower on Wednesday in a technical pullback from record highs, dealers said. The Straits Times Index closed down 13.92 points at 2,735.30 on volume of 1.56 billion shares worth 1.43 billion dollars (917 million US
Published 09 Nov, 2006 12:00am
Thai shares close flat

Thai shares close flat

Thai share prices closed flat on Wednesday as investors opted to stay on the sidelines to await final outcomes from elections in the United States, dealers said.
Published 09 Nov, 2006 12:00am
Nikkei marks one-month closing low

Nikkei marks one-month closing low

The Nikkei average fell 1.08 percent on Wednesday to its lowest close in a month as Softbank Corp fell ahead of announcing its latest earnings while investors sold stocks amid caution ahead of the final outcome of US midterm elections.
Published 09 Nov, 2006 12:00am
Philippines shares dip

Philippines shares dip

Philippines share prices shrugged off a strong performance by Wall Street overnight and closed 1.34 percent lower on Wednesday on profit-taking in blue chips after recent gains, dealers said.
Published 09 Nov, 2006 12:00am
Swiss franc near unchanged

Swiss franc near unchanged

The Swiss franc was largely flat against major currencies on Wednesday as investors awaited the outcome of a close battle for the US Senate after the Democrats gained power in the House of Representatives.
Published 09 Nov, 2006 12:00am
Yuan ends at post-revaluation high

Yuan ends at post-revaluation high

The yuan closed on Wednesday at its highest level since the July 2005 revaluation as dealers said the market believed the central bank was encouraging a slightly faster pace of yuan appreciation.
Published 09 Nov, 2006 12:00am
Australian dollar falls

Australian dollar falls

The Australian dollar fell on Wednesday as comments from the Reserve Bank of Australia after it raised interest rates cast doubt on speculation of another increase in rates by the end of the first quarter of next year.
Published 09 Nov, 2006 12:00am
Dollar stuck as US result awaited

Dollar stuck as US result awaited

The dollar stalled on Wednesday near a six-week low against the euro as traders waited for the outcome of a tightly fought battle for the US Senate after the Democrats gained power in the House of Representatives.
Published 09 Nov, 2006 12:00am
Dollar dips ahead of US election results

Dollar dips ahead of US election results

The dollar weakened on Tuesday, but pared losses late in the afternoon after dropping to six-week lows against the euro earlier, as traders grew cautious about the results of the US midterm elections.
Published 09 Nov, 2006 12:00am
Hong Kong dollar consolidates

Hong Kong dollar consolidates

The Hong Kong dollar was trapped in a narrow range on Wednesday, consolidating after the currency hit a two-week low the previous day. The currency was trading at 7.7853/55 against the US dollar, compared with Tuesday's close of 7.7852/56, after shuffling
Published 09 Nov, 2006 12:00am
Indian rupee near seven-month high

Indian rupee near seven-month high

The Indian rupee ended marginally stronger near seven-month highs on Wednesday helped by the dollar's weakness against most currencies, but demand from importers and suspected central bank intervention checked gains.
Published 09 Nov, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 68.00/69.99 (previous 68.00/69.55). Call Money Rates: 6.50-10.00 percent (previous 6.40-10.00 percent).
Published 09 Nov, 2006 12:00am
Asian currencies underpinned by equity inflows

Asian currencies underpinned by equity inflows

Sustained portfolio inflows underpinned most Asian currencies on Wednesday, led by a jump in the South Korean won due to a local stock market rally and expectations of a weaker dollar fanned by US elections.
Published 09 Nov, 2006 12:00am
Shoaib files appeal against doping ban

Shoaib files appeal against doping ban

Pakistan fast bowler Shoaib Akhtar has filed an appeal against his two-year ban for doping. "We have received Shoaib's appeal today which was the last date for filing appeals," a PCB official told Reuters on Wednesday.
Published 09 Nov, 2006 12:00am
Woolmer out to spoil Lara's last Pakistan tour

Woolmer out to spoil Lara's last Pakistan tour

Pakistan cricket coach Bob Woolmer is out to spoil West Indies' skipper Brian Lara's last tour of the country by winning the upcoming Test series. Woolmer recalled Wednesday how Lara joked with him before West Indies upstaged South Africa in the quarter-f
Published 09 Nov, 2006 12:00am
Pakistan look at compensation settlement with England

Pakistan look at compensation settlement with England

Pakistan is proposing to play a one-day international in England next year to make up for revenue lost by the England and Wales Cricket Board (ECB) during the Oval Test in August.
Published 09 Nov, 2006 12:00am
Ponting offers apology over Aussie victory antics

Ponting offers apology over Aussie victory antics

Australia cricket captain Ricky Ponting offered to apologise Wednesday to any Indian officials who felt insulted by his team's victory celebrations after the Champions Trophy final this week.
Published 09 Nov, 2006 12:00am
Asif was victim of naivety, says physiotherapist

Asif was victim of naivety, says physiotherapist

Pakistan cricket physiotherapist Darryn Lifson said Wednesday that naivety led to banned paceman Mohammad Asif taking dietary supplements without realising their possible consequences.
Published 09 Nov, 2006 12:00am
West Indies toil as Salman, Yasir shine

West Indies toil as Salman, Yasir shine

Opener Salman Butt hit an attractive century and Yasir Hameed piled up 92 runs as West Indian bowlers toiled hard in their two-day tour opener at Bagh-e-Jinnah stadium here on Wednesday.
Published 09 Nov, 2006 12:00am
China's Chan named to become WHO chief

China's Chan named to become WHO chief

The World Health Organisation (WHO) on Wednesday nominated China's Margaret Chan, its top official on bird flu, as its new chief as it gears up for a feared flu pandemic and battles global scourges such as AIDS.
Published 09 Nov, 2006 12:00am
UK papers to lose classified advertising by 2020

UK papers to lose classified advertising by 2020

British newspapers must learn to tap into the potential earnings power of the Internet as they face losing traditional classified advertising revenue completely by 2020, Guardian editor Alan Rusbridger told Reuters.
Published 09 Nov, 2006 12:00am
Tense Kyrgyz await president's approval on constitution

Tense Kyrgyz await president's approval on constitution

Kyrgyz President Kurmanbek Bakiyev kept parliament waiting on Wednesday while he reviewed a new compromise constitution intended to defuse popular protests by significantly cutting his powers.
Published 09 Nov, 2006 12:00am
North Korea on agenda for Bush and China's Hu

North Korea on agenda for Bush and China's Hu

A meeting between US President George W. Bush and his Chinese counterpart, Hu Jintao, next week will help lay the groundwork for six-party talks on dismantling North Korea's nuclear weapons, a US diplomat said on Wednesday.
Published 09 Nov, 2006 12:00am
Iran's conservative sees rivals in disarray

Iran's conservative sees rivals in disarray

A Tehran city councillor, whose conservative Abadgaran faction swept the 2003 local council elections, said on Wednesday reform-minded opponents would be no threat in December polls because they were too divided.
Published 09 Nov, 2006 12:00am
UN to plant billion trees to fight climate change

UN to plant billion trees to fight climate change

The United Nations and Africa's Nobel laureate, environmentalist Wangari Maathai, launched a project on Wednesday to plant a billion trees world-wide to help fight climate change and poverty.
Published 09 Nov, 2006 12:00am
India resumes shop closure drive in New Delhi

India resumes shop closure drive in New Delhi

Thousands of police supported municipal officers in closing scores of illegal shops and other establishments in the Indian capital on Wednesday as part of a controversial court-driven move that has outraged traders.
Published 09 Nov, 2006 12:00am
Army fire kills 45 civilians: Tamil Tigers

Army fire kills 45 civilians: Tamil Tigers

Sri Lanka's Tamil Tiger rebels said 45 civilians were killed and 125 hurt on Wednesday when army artillery fire hit a camp for internally displaced, as renewed civil war deepens.
Published 09 Nov, 2006 12:00am
Bush still committed to Iraq: US envoy

Bush still committed to Iraq: US envoy

The US ambassador in Baghdad said on Wednesday President George W. Bush would work with Democrats to achieve success in Iraq, but Iraqis were doubtful Democrat election gains would bring any respite from violence.
Published 09 Nov, 2006 12:00am
Former US soldier pleads innocent in Iraq rape, murder

Former US soldier pleads innocent in Iraq rape, murder

A former US soldier pleaded not guilty on Wednesday in federal court to charges he participated in a gang rape of an Iraqi girl and murdered her and her family in March. Steven Green, 21, faces a minimum of life in prison and could be sentenced to death,
Published 09 Nov, 2006 12:00am
Putin criticises US over global ambitions

Putin criticises US over global ambitions

Russian President Vladimir Putin on Wednesday aimed veiled criticism at the United States for trying to extend its global reach and told his military intelligence to face up to the challenge.
Published 09 Nov, 2006 12:00am
US and Russia urge Europe to prevent WMD proliferation

US and Russia urge Europe to prevent WMD proliferation

The United States and Russia urged nations in Europe's top security and rights body on Wednesday not to be complacent about the threat of so-called doomsday weapons falling into the hands of extremist groups.
Published 09 Nov, 2006 12:00am
Three sentenced to life for teen's racist murder

Three sentenced to life for teen's racist murder

Three Asian men were sentenced to life in prison on Wednesday for the racially motivated murder of a white Glasgow teenager. Kriss Donald died in March 2004 after he was snatched from a Glasgow street while walking with a friend. He was stripped half-nake
Published 09 Nov, 2006 12:00am
EU gives Turkey deadline on Cyprus

EU gives Turkey deadline on Cyprus

The European Commission set Turkey a mid-December deadline on Wednesday to open its ports to shipping from Cyprus or face consequences for its troubled European Union membership bid.
Published 09 Nov, 2006 12:00am
Annan urges freeze on use of cluster bombs

Annan urges freeze on use of cluster bombs

United Nations Secretary-General Kofi Annan on Tuesday called for a freeze on the use of cluster bombs in or near populated areas, saying they had "atrocious, inhumane effects" on civilians. Debate over the use of the weapon has intensified after Israel d
Published 09 Nov, 2006 12:00am
Russia plans high-level contacts with Iran

Russia plans high-level contacts with Iran

Russia, more cautious about punishing Iran for its nuclear ambitions than other European countries, is planning high-level contacts with Tehran this week, Russian Foreign Minister Sergei Lavrov said on Wednesday.
Published 09 Nov, 2006 12:00am
Sterling holds firm versus euro

Sterling holds firm versus euro

Sterling held steady versus the euro on Wednesday, with investors anticipating a Bank of England interest rate hike to 5 percent on Thursday and looking for clues on whether more tightening is likely in 2007.
Published 09 Nov, 2006 12:00am
Dollar eases towards recent lows

Dollar eases towards recent lows

The dollar eased towards six-week lows against the euro on Wednesday but falls were limited as investors speculated no major policy shift was likely after the Democrats took control of the US House of Representatives.
Published 09 Nov, 2006 12:00am
Corporate debt markets fall

Corporate debt markets fall

European corporate debt markets fell on Wednesday, tracking declines in equities, as investors bet that spreads near record tight levels reflected too much optimism over the outlook for credit.
Published 09 Nov, 2006 12:00am
Corporate debt markets fall

Corporate debt markets fall

European corporate debt markets fell on Wednesday, tracking declines in equities, as investors bet that spreads near record tight levels reflected too much optimism over the outlook for credit.
Published 09 Nov, 2006 12:00am
Chinese shares lower

Chinese shares lower

Chinese shares fell 1.2 percent on Wednesday after hitting a series of five-year peaks over the past week, as investors took profits in index heavyweights which had boosted the market in the previous days.
Published 09 Nov, 2006 12:00am
US Stocks: Wednesday's late afternoon trade

US Stocks: Wednesday's late afternoon trade

US stocks advanced on Wednesday as a jump in technology stocks and news that US Secretary of Defence Donald Rumsfeld will step down offset jitters about US election results.
Published 09 Nov, 2006 12:00am
Seoul shares down

Seoul shares down

Seoul shares backed away from near-six-month highs to fall 0.5 percent on Wednesday, as construction firms such as Hyundai Engineering were hit by worries the Bank of Korea could spring a surprise rate increase on Thursday.
Published 09 Nov, 2006 12:00am
UK's top share index flat

UK's top share index flat

Britain's FTSE 100 share index recovered earlier losses to end almost flat on Wednesday as news of a bid for energy company Scottish Power helped offset jitters about US mid-term election results.
Published 09 Nov, 2006 12:00am
Soya rust total rises to 260 counties: USDA

Soya rust total rises to 260 counties: USDA

US soyabean rust findings this year moved closer to doubling the 2005 total as new cases of the yield-cutting fungus were found in Florida and Alabama, the Agriculture Department said on Wednesday.
Published 09 Nov, 2006 12:00am
Ethanol unlikely to shake world sugar market: ISO

Ethanol unlikely to shake world sugar market: ISO

The growing usage of ethanol as "green" fuel is unlikely to destabilise the world sugar market in the next 5-6 years, the International Sugar Organisation (ISO) forecast on Wednesday.
Published 09 Nov, 2006 12:00am
Oil gains as US fuel stocks fall

Oil gains as US fuel stocks fall

Oil prices rose nearly $1 on Wednesday after US inventory data showed a decline in fuel stockpiles and Opec ministers pledged to push ahead with output cuts agreed upon last month. US crude settled up 90 cents at $59.83 a barrel. London Brent crude rose $
Published 09 Nov, 2006 12:00am
Morocco awards licence to buy US wheat

Morocco awards licence to buy US wheat

Morocco's state grains agency ONCIL said on Wednesday it had awarded MSCB trading house a licence to import 9,500 tonnes of US durum wheat. The shipment is due before December 31, ONICL added in a statement.
Published 09 Nov, 2006 12:00am
New York cotton mixed

New York cotton mixed

Cotton futures finished slightly mixed on Tuesday as rollover business dominated trade, while other participants held to the sidelines waiting for the USDA's monthly report on world cotton supplies, traders said.
Published 09 Nov, 2006 12:00am
London sugar moves up

London sugar moves up

London sugar futures closed higher on speculative buying on Wednesday, buoyed by the New York raw sugar futures market, but traders said underlying physical business remained slack. December settled up $2.60 at $404.50 a tonne, near the top of the day's r
Published 09 Nov, 2006 12:00am
Zinc retreats, copper falls

Zinc retreats, copper falls

Zinc futures hit a record high for the fourth straight session on Wednesday before retreating, but losses in other metals accumulated as fund investors eyed other assets. "Overall sentiment is still strong, but the interest in metals is shifting to other
Published 09 Nov, 2006 12:00am
Gold steadies in London

Gold steadies in London

Gold steadied after trading in a wide range on Wednesday on light profit-taking, and analysts said the metal might drift towards $600 an ounce before resuming an upward path. Spot gold moved between $623.00 and $631.00 an ounce, and was at $624.20/624.95
Published 09 Nov, 2006 12:00am
US MIDDAY: coffee jumps

US MIDDAY: coffee jumps

Arabica benchmark coffee futures surged at midday Wednesday following comments from a senior Brazilian official saying the world's largest crop should be compromised by poor flowerings in 2007/08, trader said.
Published 09 Nov, 2006 12:00am
US MIDDAY: cocoa at seven-week peak

US MIDDAY: cocoa at seven-week peak

US cocoa futures settled at a new seven-week peak on Wednesday, as speculative short-covering boosted values and traders sped up contract rollover from December into March, sources said.
Published 09 Nov, 2006 12:00am
US MIDDAY: sugar ends up

US MIDDAY: sugar ends up

Raw sugar futures in New York settled higher Wednesday, boosted by trade buying as the market continued to test the upper end of its trading range, sources said. New York Board of Trade's March raw sugar contract closed up 0.38 cent at 11.96 cents per lb
Published 09 Nov, 2006 12:00am
US MIDDAY: wheat climbs

US MIDDAY: wheat climbs

Wheat futures at the Chicago Board of Trade jumped sharply early on Wednesday following a rally in corn to new 10-year highs, traders said. At 10:10 am CST (1610 GMT), CBOT wheat was up 11-1/2 cents per bushel to down 4 cents, with December up 12 at $5.09
Published 09 Nov, 2006 12:00am
US MIDDAY: corn leaps to 10-year highs

US MIDDAY: corn leaps to 10-year highs

Corn futures at the Chicago Board of Trade leaped to a decade high early on Wednesday, while new contract highs were set on outlooks for the supply of corn to keep shrinking, traders said.
Published 09 Nov, 2006 12:00am
US MIDDAY: copper sinks

US MIDDAY: copper sinks

Copper futures in New York tumbled more than 2 percent at the open on Wednesday, pressured by a weak technical backdrop and a resumption of stock builds in London warehouses, sources said.
Published 09 Nov, 2006 12:00am
US MIDDAY: soyabeans rally

US MIDDAY: soyabeans rally

Soyabean futures at the Chicago Board of Trade rallied sharply on Wednesday, with new contract highs set in several deferred contracts, as corn leaped to a fresh 10-year high, traders said.
Published 09 Nov, 2006 12:00am
US MIDDAY: profit-taking hits gold

US MIDDAY: profit-taking hits gold

Profit-taking weakened gold futures early Wednesday after Democrats wrenched control of the House of Representatives from the Republicans and stood at the cusp of retaking the Senate in midterm US elections on Tuesday.
Published 09 Nov, 2006 12:00am
Notices issued in ABL workers plea

Notices issued in ABL workers plea

The Lahore High Court (LHC) while admitting a petition filed by Allied Bank Ltd employees union for regular hearing has issued notices to respondents for December 18. The petitioners have prayed to the court direct the respondents to award administrative
Published 09 Nov, 2006 12:00am
Sindh University to buy 10 more Hino buses

Sindh University to buy 10 more Hino buses

The Sindh University (SU) has decided to purchase another fleet of 10 Hino buses from Hino-Pak during current year to provide better transport facility to its students and employees.
Published 09 Nov, 2006 12:00am