Gold matched a two-month high around $635 an ounce on Friday as the dollar weakened after China's central bank said it had a clear plan to diversify its $1 trillion in foreign exchange reserves.
Machinery orders from Japanese companies took an unexpected tumble in September, data showed on Friday, lifting bond prices and strengthening the view that the Bank of Japan will have to wait until early next year before raising interest rates.
PlayStation 3 fans were preparing for a sleepless night ahead of Saturday's launch of Sony's hotly awaited new console but the hype has been tempered by fears of an over-reliance on recycled hits.
Malaysian crude palm oil futures closed lower on Friday, due to a decline in crude oil prices and as players took profit ahead of the weekend. Market-friendly data issued by the state-run Malaysian Palm Oil Board and cargo surveyors failed to lift prices.
The US Department of Agriculture released its monthly November production and supply/demand report on Thursday. The following are the key points for cotton: 2006/07 US crop - 21.30 million (480-lb) bales, from 20.66 million bales last month.
India's federal cabinet on Thursday discussed lifting a ban on sugar exports but did not set a date for such a move, a cabinet minister said. India is expected to produce record sugar output in the new season that began in October.
Soyabean futures on the Chicago Board of Trade closed lower on Thursday, pressured by the profit-taking setback in corn after the government released its monthly crop data, traders said.
Raw sugar futures in New York ended firm on Thursday as fund money boosted values and traders largely ignored a raised forecast for a world sugar surplus in 2006/07 from the International Sugar Organisation, sources said.
Rough rice futures at the Chicago Board of Trade closed lower on Thursday as the government's bigger US rice production estimate issued before the open ignited speculative selling, traders said.
China's booming starch industry is raising fears of a squeeze in domestic corn supplies, despite a record harvest, which has prompted Beijing to restrict exports of the grain.
US crude oil futures held firm at $61 a barrel on Friday after surging over 2 percent a day ago, supported by an unexpectedly steep fall in US fuel stocks and the risk of further supply cuts from Opec.
Copper futures in New York settled higher on Thursday, extending a rebound from the previous session's slide to one-week lows, as speculative buying boosted values with a weak dollar and firmer energy prices lending support, sources said.
China will diversify its $1 trillion foreign exchange reserves across different currencies and investment instruments, including in emerging markets, Chinese central bank governor Zhou Xiaochuan said on Friday.
Gold futures rallied 3 percent to a reach new two-month high on Thursday as investors bought on rising oil prices, a weak dollar and speculation that China could buy gold for its foreign currency reserves.
Tokyo gold futures jumped more than 2 percent to a three-month high on Friday on strong technical signals and short-covering after the cash price rose sharply in New York.
India has struck its first corn export deal in many years, taking advantage of shrinking global supplies, which have lifted world prices of the grain to their highest level in a decade, a Singapore trader said on Thursday.
Prime Minister Shaukat Aziz has said that a historic opportunity exists to resolve Kashmir issue in an acceptable manner for all concerned parties and emphasised the need for courage, magnanimity and flexibility for settlement of the decades-old dispute.
Arabica coffee futures raced up to their highest levels in more then six months on Thursday and closed near those peaks as options-related fund and speculative buying set off automatic buy orders, traders said.
Prime Minister Shaukat Aziz has said that a historic opportunity exists to resolve Kashmir issue in an acceptable manner for all concerned parties and emphasised the need for courage, magnanimity and flexibility for settlement of the decades-old dispute.
US cocoa futures ended firm in quiet trade on Thursday, with dealers saying the market looked well-supported above $1,510, although adding $50 would be a test. NYBOT cocoa for December ended up $2 at $1,530 a tonne, after dealing between $1,513 and $1,538
Fears of a smaller cotton crop for the current season (2006-2007) have again inspired a steady stance in the cotton market this week. Some reports indicate that total output this year could be lower by a hefty half to one million bales (170 kgs) in Pakist
Prime Minister Abdullah Ahmad Badawi on Friday said Malaysia will provide assistance to develop communist Laos through investments and human resource development. Abdullah said Malaysia and Laos, both part of the 10-member Association of Southeast Asian (
The Nikkei booked its lowest close in more than a month on Friday, slipping 0.53 percent after Japanese machinery orders data came in weaker than expected and heightened concern about the outlook for the world's second-largest economy.
Indonesian share prices finished 0.28 percent on Friday higher at a new record finish, led by gains in select index heavyweights such as Telkom and Perusahaan Gas Negara, dealers said. They noted though there was some pressure in the broad market partly b
Thai share prices closed 0.46 percent lower on Friday as investors locked in profits in the energy sector following five consecutive days of gains, dealers said. They said trading was sluggish as investors found few fresh leads, with sentiment downbeat du
Indian share prices closed up 1.11 percent at a record high on Friday on strong foreign fund buying in index heavyweights, led by optimism over sustained economic growth, dealers said. They said sentiment improved as India's industrial production output g
US government bond prices were slightly higher on Thursday after an auction of benchmark 10-year notes was met with modest demand. Traders will next look for direction to a speech by Federal Reserve Chairman Ben Bernanke on Friday.
US government bond prices were slightly higher on Thursday after an auction of benchmark 10-year notes was met with modest demand. Traders will next look for direction to a speech by Federal Reserve Chairman Ben Bernanke on Friday.
US stocks fell on Thursday, led by a drop in the shares of big drug makers and health-care companies as investors worried about the uncertainty of the legislative agenda of a Democrat-controlled Congress.
Hong Kong blue chips fell 0.3 percent on Friday as investors cashed in star performer China Mobile while H-shares closed at a record for a second straight day as investors bid up resource and financial stocks.
Malaysian share prices closed up 0.23 percent on Friday at their highest levels in nine years on selective investor interest in blue chips, dealers said. The Kuala Lumpur Composite Index closed the day 2.37 points higher at 1,022.30, off an intraday recor
Taiwan shares ended 0.32 percent higher on Friday as tech shares such as HTC and TSMC rose ahead of October sales results. The main TAIEX index gained 23.07 points to finish at 7,174.20, with the electronics sub-index rising 0.43 percent. The financial su
IBM is ramping up its push into virtual worlds with an investment of roughly $10 million over the next 12 months, including an expanded presence within the popular 3D online universe Second Life.
Singapore shares closed flat on Friday after investors consolidated their positions, dealers said. The Straits Times Index closed 0.28 points higher at 2,745.31 on volume of 1.43 billion shares worth 1.36 billion Singapore dollars (873 million US). Losing
Russia may sue Royal Dutch Shell's Sakhalin group in international courts to claim billions of dollars in damages or even scrap the $22 billion production sharing deal, a Russian official said on Friday.
Russia and the United States agreed in principle on Friday on Moscow's bid to join the World Trade Organisation, marking a major breakthrough after 13 years of tortuous negotiations. The deal paves the way for presidents Vladimir Putin and George W. Bush
The International Monetary Fund, under pressure by shareholder governments to pay more attention to exchange rates of emerging economies like China, said on Thursday it needed to do more to analyse whether currencies are appropriately valued.
South Korea's Samsung Electronics Co Ltd said on Friday it would invest $100 million to build a television and monitor plant in India to meet fast-growing demand for consumer electronics products there.
Anglo-French cross-Channel rail operator Eurotunnel signed a new freight contract on Friday as it works to keep its operations running despite a make-or-break debt restructuring plan that hangs in the balance.
The French economy stagnated in the third quarter, slowing far more sharply than expected from the second quarter's blistering pace of growth and spurring analysts to trim eurozone growth forecasts.
Employment pressure is building in China with an additional 50 million people expected to be hunting for a limited pool of jobs in cities by 2010, state media reported Friday.
Iran is to supply neighbouring Iraq with 2 million litres of oil products as winter fuel sold at a price related to published assessments basis the Gulf in a two-month contract, the semi-official Mehr news agency said on Friday.
European port operators complained on Friday the continent's yachting industry was being held back by lack of berths and that red tape and taxes were slowing efforts to expand the places on offer.
The rules of the international trade system may need to be altered to tackle climate change and ward off the economic devastation higher temperatures could bring, the European Union's trade chief said on Friday.
Wal-Mart Stores Inc cut prices on small appliances including microwaves and coffee makers on Friday, the latest in a series of mark-downs aimed at luring customers during the vital holiday shopping period.
A new block equipped with latest facilities will be added in the Red Crescent Hospital with an expenditure of over Rs 10 million to provide improved gynaecology and paediatrics facilities to patients.
A representative delegation of Indian farmers will visit the cotton growing and mango-rich areas of Multan on November 15-16 as part of experience sharing process between the farming communities of the two neighbouring countries.
The government has launched a mega project of $1.1 billion to improve 86,000 watercourses throughout the country for saving water, on the one hand, and improving resource productivity, on the other. This was stated by Minister of State for Food, Agricultu
Additional Inspector General Police Tariq Jamil vowed to continue cracking down on vehicle snatchers in the city to bring down the high ratio of the carjacking menace through advance crime detection methodologies.
Best training and good working environment play a vital role in cultural transformation and Motorway Police is shining example of this culture, said DIG Motorway Police Muhammad Pervez Rathor on Friday.
Muttahida Majlis-i-Amal (MMA) has decided in principle to quit the Parliament if the government tried to push through much-controversial Women Protection Bill, MMA president Qazi Hussain Ahmed and secretary general Maulana Fazlur Rehman told reporters on
This is the largest and oldest tyre manufacturing company of Pakistan, marketing and products under global trademark and logo and under the technology provided by the largest tyre manufacturer of Germany.
The Pakistan Peoples Party Parliamentarian (PPPP) Punjab in its General Council held here on Friday has announced that Benazir Bhutto would be in the country to contest next general elections.
This is the largest and oldest tyre manufacturing company of Pakistan, marketing and products under global trademark and logo and under the technology provided by the largest tyre manufacturer of Germany.
Pakistan Peoples Party Parliamentarian (PPPP) has appointed Makhdoom Shah Mahmood Qureshi as president of Punjab Chapter of the party here on Friday. He has replaced Qasim Zia for the post.
Range-bound trading was seen in the currency market on Friday, currency analysts said. The rupee gained two paisa versus the dollar in the open market for buying and selling at 60.65 and 60.70, they said.
Opposition parties on Friday expressed shock over the Pakistan Electronic Media Regulatory Authority's (Pemra) decision to suspend the transmission of a Sindhi TV channel, 'Sindh TV'.
Range-bound trading was seen in the currency market on Friday, currency analysts said. The rupee gained two paisa versus the dollar in the open market for buying and selling at 60.65 and 60.70, they said.
Chief of Tehreek-e-Insaaf Imran Khan has demanded of the Chief Justice of Supreme Court to take suo motu notice of the Bajaur incident. While talking to newsmen here on Friday, Imran held the government responsible for Bajaur incident. He was of the view
Former Minister for Communication and leader of Pakistan Peoples Party (PPP), Sardar Sikandar Hayat has said that he would contest the next general elections against Prime Minister Shaukat Aziz and other candidates from N-A 59, Fateh Jang.
Ulema and Mashaikh observed protest day on Friday to condemn the government's plan to get the Women Protection Bill (WPB) passed from the National Assembly. At the call of Ulema and Mashaikh convention resolutions were adopted in almost all the mosques ag
Academic and training programmes of the University of Veterinary and Animal Sciences (UVAS) Lahore are focussed on poverty alleviation from rural areas through development of livestock sector said Vice Chancellor Professor Dr Manzoor Ahmad here on Friday.
Local salvagers succeeded in refloating the capsized oil barge,'Orion-I, in the wee hours on Friday after three days of round-the-clock operation in which the situation of the craft was changing minute by minute. Sources told Business Recorder on F
At Aga Khan University Hospital (AKUH), 27 patients are currently hospitalised with suspect viral haemorrhagic fever (VHF), most of them were admitted during the last two weeks.
Fauji Fertiliser Company Limited (FFC) is arranging 2nd international seminar on ammonia and urea technologies at Marriott Hotel-Islamabad from 13 to 14 November 2006. The main theme of this two-day seminar is to highlight process technologies of ammonia
The Supreme Court has given three weeks to Interior Ministry to trace the 32 missing persons whose families have alleged they were picked up by government agencies.
The Sindh High Court on Friday set aside conviction of three activists of banned Harkatul Mujahideen Al-Alami in attempt to murder President General Pervez Musharraf conspiracy case but remanded back case for retrial observing trial court erred in appreci
Students of universities and colleges earthquake-devastated areas have expressed fears of discontinuation of studies, as the government is seemingly not ready to fulfil its commitment of free education to them.
The combined efforts of private and public sector education institutions have improved the quality of education in the country. This was stated by Sindh Governor Dr Ishratul Ibad Khan at the first convocation of the Institute of Business and Technology (B
A fire broke out in the Syedna Memorial Trust Building near Karachi Club on Friday, an official of the Saddar Fire Brigade said. He further stated that the fire was brought under control and later extinguished. The official said that no one was injured in
Punjab Chief Minister Chaudhry Pervaiz Elahi has directed the district administration Jhelum to mutate a piece of land measuring 65.5 kanals to the Punjab University so as to enable it to set up its campus.
The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
In response of 'Time Magazine' report dated October16, 2006, regarding initiation of musicology classes and other issues of Punjab University (PU), PU has written a letter to the editor of the Time Magazine.
Director National Centre of Excellence in Analytical Chemistry, University of Sindh, Professor Dr Muhammad Iqbal Bhanger has returned from France after participating in the 2nd France-Pakistan Workshop on Natural Products and Nutrition.
District Nazim Hyderabad, Kanwar Naveed Jamil invited German investors to make investment in various projects including education sector and establishment of garbage recycling plant in Hyderabad. He made such invitation during a meeting with Ambassador of
President General Pervez Musharraf has promulgated Arbitration (International Investment Disputes) Ordinance, 2006 to implement the International Convention on Settlement of Investment Disputes between States and Nationals of Other States.
President General Pervez Musharraf has promulgated Arbitration (International Investment Disputes) Ordinance, 2006 to implement the International Convention on Settlement of Investment Disputes between States and Nationals of Other States.
President General Pervez Musharraf has promulgated Arbitration (International Investment Disputes) Ordinance, 2006 to implement the International Convention on Settlement of Investment Disputes between States and Nationals of Other States.