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Jan 08, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-01-26
US steel leaders push for action on China imports

US steel leaders push for action on China imports

Strong US government action is needed soon to stop "subsidised" steel imports from China, top industry officials said on Wednesday. "It's reaching the level where it's a serious concern," John Surma, chief executive officer of US Steel Corp, told reporter
Published 26 Jan, 2007 12:00am
Malaysian palm oil futures up

Malaysian palm oil futures up

Malaysian crude palm oil futures ended up on Thursday, boosted by India's decision to cut import duties on vegetable oils, dealers said. The benchmark third-month April contract on the Bursa Malaysia Derivatives exchange was up 24 ringgit at 1,880 ringgit
Published 26 Jan, 2007 12:00am
India inflation backs off peak

India inflation backs off peak

India's headline inflation rate eased from two-year highs to below 6 percent in mid-January due to a fall in food prices, but analysts still expect an interest rate rise at next week's monetary policy review.
Published 26 Jan, 2007 12:00am
British Airways cancels flights next week

British Airways cancels flights next week

British Airways is to cancel all its flights to and from London's Heathrow airport for two days next week, the airline said Thursday after talks to avoid a cabin crew strike collapsed.
Published 26 Jan, 2007 12:00am
AT&T quarterly earnings rise

AT&T quarterly earnings rise

AT&T Inc posted a higher quarterly profit on Thursday bolstered by growth in Internet and wireless subscribers, and raised its estimate of benefits from the BellSouth acquisition. AT&T shares rose 1.7 percent in early trading on the New York Stock Exchang
Published 26 Jan, 2007 12:00am
AT&T quarterly earnings rise

AT&T quarterly earnings rise

AT&T Inc posted a higher quarterly profit on Thursday bolstered by growth in Internet and wireless subscribers, and raised its estimate of benefits from the BellSouth acquisition. AT&T shares rose 1.7 percent in early trading on the New York Stock Exchang
Published 26 Jan, 2007 12:00am
Hyundai Motor's profit plummets

Hyundai Motor's profit plummets

South Korea's leading automaker Hyundai Motor said Thursday it suffered a sharp drop in profit last year due to strikes and the won's rise against the dollar. Net profit plunged 34 percent to 1.53 trillion won (1.63 billion dollars).
Published 26 Jan, 2007 12:00am
Hyundai Motor's profit plummets

Hyundai Motor's profit plummets

South Korea's leading automaker Hyundai Motor said Thursday it suffered a sharp drop in profit last year due to strikes and the won's rise against the dollar. Net profit plunged 34 percent to 1.53 trillion won (1.63 billion dollars).
Published 26 Jan, 2007 12:00am
Nokia fourth quarter phone sales at record

Nokia fourth quarter phone sales at record

Robust demand for phones in emerging markets lifted fourth-quarter sales and profits at Nokia Oyj, the world's top handset maker, sending its shares sharply higher.
Published 26 Jan, 2007 12:00am
Nokia fourth quarter phone sales at record

Nokia fourth quarter phone sales at record

Robust demand for phones in emerging markets lifted fourth-quarter sales and profits at Nokia Oyj, the world's top handset maker, sending its shares sharply higher.
Published 26 Jan, 2007 12:00am
Berlin and Tokyo play down idea of G7 action on yen

Berlin and Tokyo play down idea of G7 action on yen

Germany said on Thursday it had no plan for now to focus G7 discussions next month officially on the yen, despite concern that the currency's weakness is helping Japanese exports at Europe's expense. Japan, too, was dismissive of the possibility.
Published 26 Jan, 2007 12:00am
US jobless claims rise to 36,000

US jobless claims rise to 36,000

The number of new claims for US jobless aid jumped a larger-than-expected 36,000 last week, a government report showed on Thursday, its biggest one-week rise in 16 months.
Published 26 Jan, 2007 12:00am
European business chiefs demand WTO trade pact

European business chiefs demand WTO trade pact

European business chiefs on Thursday demanded that big power trade negotiators, many of whom are attending talks in Davos, engineer a quick and successful resumption of stalled global free trade negotiations.
Published 26 Jan, 2007 12:00am
Japan's trade surplus shrinks

Japan's trade surplus shrinks

Japan said Thursday its trade surplus shrank 7.0 percent in 2006, declining for a second straight year as China takes over the mantle of the world's top exporter of manufactured goods.
Published 26 Jan, 2007 12:00am
Ford reports $12.7 billion loss

Ford reports $12.7 billion loss

The struggling Ford Motor Co on Thursday reported a loss of 12.7 billion dollars for 2006, the worst loss in its history, due to large restructuring costs as it seeks to revive its operations and vehicle sales.
Published 26 Jan, 2007 12:00am
Ford reports $12.7 billion loss

Ford reports $12.7 billion loss

The struggling Ford Motor Co on Thursday reported a loss of 12.7 billion dollars for 2006, the worst loss in its history, due to large restructuring costs as it seeks to revive its operations and vehicle sales.
Published 26 Jan, 2007 12:00am
Palestinians in Gaza suffer record poverty: Abbas

Palestinians in Gaza suffer record poverty: Abbas

Poverty levels in Gaza have soared to record levels because of Israeli restrictions and the destruction of Palestinian infrastructure, Palestinian President Mahmoud Abbas said on Thursday.
Published 26 Jan, 2007 12:00am
Sony to launch PlayStation 3 on March 23

Sony to launch PlayStation 3 on March 23

Sony said Thursday it will launch its delayed next-generation PlayStation 3 console in Europe, Africa, the Middle East and Australasia on March 23, with only its costlier version available.
Published 26 Jan, 2007 12:00am
Siemens beats first quarter forecasts

Siemens beats first quarter forecasts

Siemens posted forecast-beating quarterly operating profit and higher orders, a flash of good news in the midst of an escalating corruption scandal at the company, lifting its shares more than 6 percent.
Published 26 Jan, 2007 12:00am
Siemens beats first quarter forecasts

Siemens beats first quarter forecasts

Siemens posted forecast-beating quarterly operating profit and higher orders, a flash of good news in the midst of an escalating corruption scandal at the company, lifting its shares more than 6 percent.
Published 26 Jan, 2007 12:00am
India must guard against economic overheating: IMF

India must guard against economic overheating: IMF

India has chalked up excellent growth but should take care to stop booming credit and asset markets from causing the economy to boil over, the International Monetary Fund said on Thursday.
Published 26 Jan, 2007 12:00am
Taiwan stocks fall from six-year high

Taiwan stocks fall from six-year high

Taiwan stocks fell 0.15 percent on Thursday from a six-year closing high, but UMC gathered steam on its plan to return cash. Taiwan's main TAIEX ended down 11.77 points at 7,923.77. United Microelectronics Corp (UMC), the market's most actively traded iss
Published 26 Jan, 2007 12:00am
Malaysian shares slightly down

Malaysian shares slightly down

Malaysian share prices closed 0.29 percent lower on Thursday in cautious trade ahead of utility giant Tenaga Nasional's first quarter results, ending a nine-day rally, dealers said.
Published 26 Jan, 2007 12:00am
Hong Kong shares hit by Shanghai slide

Hong Kong shares hit by Shanghai slide

Hong Kong blue chips ended a three-day record-setting streak on Thursday, falling 0.7 percent as steep declines on the Shanghai bourse prompted investors to book profits in China Mobile and other recent gainers.
Published 26 Jan, 2007 12:00am
Dow at record high after Yahoo profit reports

Dow at record high after Yahoo profit reports

US stocks rose sharply on Wednesday, driving the Dow Jones industrial average to a record high, after profit reports from Yahoo Inc and Sun Microsystems Inc renewed optimism about tech company profits.
Published 26 Jan, 2007 12:00am
US Treasury prices end little changed

US Treasury prices end little changed

US Treasury debt prices were little changed in thin trading on Wednesday after a $20 billion auction of two-year notes left benchmark yields steady near three-month highs. The Treasury's monthly sale of two-year notes proceeded as expected, drawing good d
Published 26 Jan, 2007 12:00am
US Treasury prices end little changed

US Treasury prices end little changed

US Treasury debt prices were little changed in thin trading on Wednesday after a $20 billion auction of two-year notes left benchmark yields steady near three-month highs. The Treasury's monthly sale of two-year notes proceeded as expected, drawing good d
Published 26 Jan, 2007 12:00am
Indian shares jump

Indian shares jump

Indian share prices closed 1.22 percent higher on Thursday to a record high as foreign funds bought leading index shares at the expiry of the January futures contract, dealers said. They said banking, engineering and telecom shares were active as dealers
Published 26 Jan, 2007 12:00am
Philippines shares make gains

Philippines shares make gains

Philippines share prices closed 0.94 percent higher on Thursday amid hopes that the central bank would trim its policy rates, dealers said. Higher import growth in November also spurred buying interest because this signalled continuing brisk exports in th
Published 26 Jan, 2007 12:00am
Thai share prices rally

Thai share prices rally

Thai share prices closed 0.54 percent higher on Thursday in speculative buying after the Thai baht renewed its rally against the dollar, dealers said. The Stock Exchange of Thailand (SET) composite index rose 3.55 points to 660.71 points, and blue chip SE
Published 26 Jan, 2007 12:00am
Nikkei ends down after hitting six-year high

Nikkei ends down after hitting six-year high

The Nikkei share average ended down 0.28 percent after hitting its highest in more than six years on Thursday as investors grabbed profits in Honda Motor Co Ltd and other recent gainers following a rise in the yen.
Published 26 Jan, 2007 12:00am
Jakarta shares decline

Jakarta shares decline

Indonesian share prices closed 1.76 percent lower on Thursday on across-the-board profit-taking with many stocks now seen richly valued after last week's strong gains, dealers said. Weakness in some regional markets also weighed on sentiment, they said.
Published 26 Jan, 2007 12:00am
Singapore shares drop

Singapore shares drop

Singapore share prices closed sharply lower on Thursday on profit-taking in blue chips following a record-busting run, dealers said. The Straits Times Index slumped 41.61 points, or 1.32 percent, to 3,108.63. The index had retreated after touching a new a
Published 26 Jan, 2007 12:00am
Swiss franc up versus euro

Swiss franc up versus euro

The Swiss franc was marginally stronger against the euro in early trade on Thursday after the Swiss National Bank said the weak franc was at odds with the country's healthy economy.
Published 26 Jan, 2007 12:00am
Yuan hits post-revaluation high

Yuan hits post-revaluation high

China's yuan closed up against the dollar on Thursday, hitting its highest level since its 2005 revaluation in intraday trading after macroeconomic data indicated the need for a further appreciation of the currency.
Published 26 Jan, 2007 12:00am
Yen rebounds as G7 reports fuel short covering

Yen rebounds as G7 reports fuel short covering

The yen rebounded against the dollar and other major currencies on Thursday after sources said the previous day that European officials want to complain over the Japanese currency's weakness at next month's Group of Seven meeting.
Published 26 Jan, 2007 12:00am
Yen gains on G7 talk, carry trade unwinding

Yen gains on G7 talk, carry trade unwinding

The yen climbed against the dollar and euro on Wednesday on news that European finance ministers will push for a stronger Japanese currency at next month's G7 meeting.
Published 26 Jan, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 69.15/69.25 (previous 69.25/69.45). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
Published 26 Jan, 2007 12:00am
Asian currencies get a supportive hand from yen

Asian currencies get a supportive hand from yen

Asian currencies were largely steady on Thursday, underpinned by a strong recovery in the yen on reports that European officials may complain about yen weakness at a Group of Seven (G7) meeting in February.
Published 26 Jan, 2007 12:00am
Hong Kong dollar falls

Hong Kong dollar falls

The Hong Kong dollar slipped on Thursday amid arbitrage trades and on talk of some banks covered short dollar positions. The domestic currency fell as low as 7.8075 to the US dollar before trading back to 7.8063/65, down from 7.8029/30 in late Asia trade
Published 26 Jan, 2007 12:00am
Pakistan wants visa problems sorted out for World Cup

Pakistan wants visa problems sorted out for World Cup

The Pakistan Cricket Board wants World Cup organisers to set up a satellite visa office in Pakistan after complaints of problems obtaining visas for the tournament, an official said on Thursday.
Published 26 Jan, 2007 12:00am
Federer storms into Australian Open final

Federer storms into Australian Open final

If, as Andy Roddick had suggested, the gap between Roger Federer and the rest of the tennis world was closing, the American was deeply deluded. The world number one put a shell-shocked Roddick firmly in his place with a clinical 6-4 6-0 6-2 execution to s
Published 26 Jan, 2007 12:00am
South Africa make three changes for decider

South Africa make three changes for decider

South Africa will make three changes in the enforced absence of Herschelle Gibbs when they face Pakistan in the deciding third test starting on Friday.
Published 26 Jan, 2007 12:00am
Australia have room to improve, says Ponting

Australia have room to improve, says Ponting

Australia captain Ricky Ponting has urged his team mates to raise their game for Friday's one-day international against England in Adelaide. Australia are undefeated after four matches in the tri-series, but Ponting says there is still plenty of room for
Published 26 Jan, 2007 12:00am
Sharapova sets up Serena showdown

Sharapova sets up Serena showdown

Maria Sharapova gatecrashed Kim Clijsters's farewell party at the Australian Open on Thursday to set up a historic final showdown with Serena Williams.
Published 26 Jan, 2007 12:00am
ICC dismisses Gibbs's appeal against ban

ICC dismisses Gibbs's appeal against ban

The International Cricket Council (ICC) dismissed on Thursday an appeal by South Africa batsman Herschelle Gibbs against a ban for making derogatory remarks about Pakistanis during the first Test in Centurion.
Published 26 Jan, 2007 12:00am
Australian Prime Minister plans to restore parched rivers

Australian Prime Minister plans to restore parched rivers

Australian Prime Minister John Howard announced plans on Thursday to spend more than A$10 billion ($7 billion) to restore the nation's ailing rivers, making dwindling water supplies his priority in an election year.
Published 26 Jan, 2007 12:00am
Thailand stuns drug firms with generic licences

Thailand stuns drug firms with generic licences

Thailand's army-installed government has issued licences for cheap generic versions of a heart disease and an AIDS drug, the health minister said on Thursday, dealing a shock blow to foreign pharmaceutical firms.
Published 26 Jan, 2007 12:00am
Giant lions and kangaroos once roamed Australia

Giant lions and kangaroos once roamed Australia

Marsupial lions, kangaroos as tall as trucks and wombats the size of a rhinoceros roamed Australia's outback before being killed off by fires lit by arriving humans, scientists said on Thursday.
Published 26 Jan, 2007 12:00am
After sabbatical, McFerrin revives his 'wonder voice'

After sabbatical, McFerrin revives his 'wonder voice'

Ten-time Grammy- winning vocalist Bobby McFerrin can spontaneously invent complex jazz melodies, complete with bass and percussion, or transform his voice into a realistic horn or violin.
Published 26 Jan, 2007 12:00am
'UN climate report will shock the world'

'UN climate report will shock the world'

A forthcoming UN report on climate change will provide the most credible evidence yet of a human link to global warming and hopefully shock the world into taking more action, the panel's chairman said on Thursday.
Published 26 Jan, 2007 12:00am
Georgia foils sale of bomb-grade uranium

Georgia foils sale of bomb-grade uranium

Georgian special services have foiled an attempt by a Russian citizen to sell weapons-grade uranium for $1 million to agents he thought were radical Islamists, a senior Interior Ministry official said on Thursday.
Published 26 Jan, 2007 12:00am
Ecuador's defence minister killed in air collision

Ecuador's defence minister killed in air collision

Ecuador's first female defence minister was killed in a mid-air collision of two helicopters on Wednesday after only nine days in office, government and military officials said.
Published 26 Jan, 2007 12:00am
Arab comedian skewers life in post 9/11 America

Arab comedian skewers life in post 9/11 America

Have you heard that Arabs in the United States are so heavily racially profiled that they are the new blacks, Dean Obeidallah asks during his stand-up comedy routine. "When I heard that ... I was excited," Obeidallah, an Arab-American comedian tells the l
Published 26 Jan, 2007 12:00am
Senate panel rejects Bush's Iraq plan

Senate panel rejects Bush's Iraq plan

US Senate opponents to President George W. Bush's plan to flood Iraq with more American combat troops ignored his pleas for a chance to prove the strategy and rejected the surge in a non-binding resolution.
Published 26 Jan, 2007 12:00am
US to unveil new Afghanistan strategy

US to unveil new Afghanistan strategy

The United States is poised to unveil a revamped Afghanistan strategy, with new security, economic and political moves to blunt the resurgence of the Taliban militia, US officials said Thursday.
Published 26 Jan, 2007 12:00am
Developing nations dig in heels on climate

Developing nations dig in heels on climate

Developing countries stand to suffer the worst effects of global warming, and should not have to pay for a problem created mainly by the rich, executives and experts said on Thursday.
Published 26 Jan, 2007 12:00am
Indian suspected serial killers beaten up

Indian suspected serial killers beaten up

Two suspected serial child killers were beaten up by a furious mob outside an Indian court on Thursday after being remanded in custody over the horrific murders of 21 people.
Published 26 Jan, 2007 12:00am
Donors pledge over $7.6 billion for Lebanon

Donors pledge over $7.6 billion for Lebanon

Lebanon won more than $7.6 billion on Thursday to help it cope with a debt mountain and recover from war - and, some donors hope, to help its US-backed government weather a growing threat from Hezbollah-led opponents.
Published 26 Jan, 2007 12:00am
Katsav's suspension approved

Katsav's suspension approved

An Israeli parliamentary panel approved on Thursday a request by President Moshe Katsav to take a leave of absence after prosecutors prepared criminal charges against him for alleged rape and other sexual misconduct.
Published 26 Jan, 2007 12:00am
Clashes in Beirut, two students dead

Clashes in Beirut, two students dead

At least two students were shot dead and 35 others were wounded in Beirut street fighting on Thursday between students loyal to the government and opposition supporters, a security source said.
Published 26 Jan, 2007 12:00am
Gunmen kidnap three Chinese oil workers

Gunmen kidnap three Chinese oil workers

Gunmen abducted three Chinese oil workers in Nigeria's southern state of Bayelsa on Thursday, bringing to 32 the number of foreigners being held by armed groups in Africa's top oil producer.
Published 26 Jan, 2007 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose on Thursday, buoyed by equity-related inflows as the stock market reached a record high, but gains were stemmed as oil importers bought dollars to meet monthly import payments, traders said. The partially convertible rupee ended at 4
Published 26 Jan, 2007 12:00am
Sterling firms against dollar

Sterling firms against dollar

Sterling firmed slightly versus the dollar on Thursday, regaining some poise after sharp falls from this week's 14-year peaks prompted by uncertainty over Britain's monetary policy outlook.
Published 26 Jan, 2007 12:00am
Yen seesaws in London

Yen seesaws in London

The yen seesawed on Thursday as investors became jittery about large short positions amid speculation that Europe would take a tougher tone over the Japanese currency's weakness at the next Group of Seven meeting.
Published 26 Jan, 2007 12:00am
Telecoms, media default swaps hit record lows

Telecoms, media default swaps hit record lows

The cost of insuring debt from some of Europe's biggest telecoms and media companies, including France Telecom and Bertelsmann, against default through credit derivatives hit record lows on Thursday.
Published 26 Jan, 2007 12:00am
Telecoms, media default swaps hit record lows

Telecoms, media default swaps hit record lows

The cost of insuring debt from some of Europe's biggest telecoms and media companies, including France Telecom and Bertelsmann, against default through credit derivatives hit record lows on Thursday.
Published 26 Jan, 2007 12:00am
Chinese stocks slip

Chinese stocks slip

Chinese stocks tumbled on Thursday in response to a government warning against overheating of the market and higher-than-expected inflation data. The benchmark Shanghai stock index ended down 3.96 percent at 2,857.365 points, less than four points off its
Published 26 Jan, 2007 12:00am
US Stocks: Thursday's early afternoon trade

US Stocks: Thursday's early afternoon trade

US stocks were broadly lower on Thursday as a bigger-than-expected drop in home resale's prompted concerns about weakness in the economy, offsetting optimism about a strong profit report from eBay Inc.
Published 26 Jan, 2007 12:00am
Seoul shares flat

Seoul shares flat

Seoul shares ended flat on Thursday, as Hyundai Motor retreated after posting an unexpected fall in operating profit, but Hyundai Merchant Marine surged by the most in two months amid expectations for rising container charter rates.
Published 26 Jan, 2007 12:00am
UK's top shares index down

UK's top shares index down

Britain's FTSE 100 index ended down 0.7 percent on Thursday, pulling back from a six-year high early in the session as oil stocks weighed and US data heightened concerns over the interest rate and global economic outlook. BP fell 1.1 percent, and rival Ro
Published 26 Jan, 2007 12:00am
London sugar mixed

London sugar mixed

London sugar futures closed mixed on Thursday after drifting in afternoon trade, dealers said. March settled at $336.80 per tonne, down 40 cents from Wednesday, after trading in a range of $335.00-$340.00. May was up 60 cents at $325.80, and total volume
Published 26 Jan, 2007 12:00am
Volume, volatility draw commodity risk takers

Volume, volatility draw commodity risk takers

Rising volatility and huge trading volumes across commodity markets are luring big money risk takers, even if record price rallies are over for now. Last year began with a surge of investment from institutions that tend to lock in for the long haul.
Published 26 Jan, 2007 12:00am
Oil falls below $55 on profit-taking

Oil falls below $55 on profit-taking

Oil prices fell below $55 on Thursday as profit taking and ample US fuel inventories countered cold weather in the Northeast, the world's biggest heating oil market. US crude settled down $1.14 to $54.23 a barrel, after hitting $55.90 earlier in the day.
Published 26 Jan, 2007 12:00am
Cuban sugar harvest off to slow start

Cuban sugar harvest off to slow start

The Cuban sugar ministry said on Thursday the harvest was off to a slow start and yields were below expectations due to hot and humid weather, but expressed optimism that plans to boost output would be met.
Published 26 Jan, 2007 12:00am
New York cotton finishes smidgen lower

New York cotton finishes smidgen lower

Cotton futures closed slightly easier Thursday on sales by small speculators in lethargic dealings and the market could stay in a band over the next few sessions, analysts said. The New York Board of Trade's March cotton contract shed 0.10 cent to settle
Published 26 Jan, 2007 12:00am
Nickel smashes peak

Nickel smashes peak

Copper prices rose on Thursday as strong economic growth in China boosted sentiment, and nickel hit a fresh record high for the seventh session in a row. Copper for delivery in three months ended at $5,850 a tonne on the London Metal Exchange from Wednesd
Published 26 Jan, 2007 12:00am
Logistical woes slow Canada wheat exports to Iraq

Logistical woes slow Canada wheat exports to Iraq

A handful of Panamax ships, including two Iraq-bound vessels, are facing a lengthy delay in loading wheat at Vancouver and Prince Rupert ports due to logistics problems, a source close to the Canadian Wheat Board said on Thursday.
Published 26 Jan, 2007 12:00am
Gold hits 5-1/2-month high

Gold hits 5-1/2-month high

Gold rallied on Thursday to a five-month high of $654 an ounce as investors saw potential for it to scale new peaks on expectations of a weakening of the US dollar and stronger oil prices.
Published 26 Jan, 2007 12:00am
US MIDDAY: corn mixed

US MIDDAY: corn mixed

Corn futures on the Chicago Board of Trade were mixed and choppy in early trading on Thursday, with the nearby March contract was holding firm just above key support at $4.00 per bushel, traders said.
Published 26 Jan, 2007 12:00am
US MIDDAY: wheat plunges

US MIDDAY: wheat plunges

Wheat futures on the Chicago Board of Trade were lower at midmorning Thursday, retreating from a higher open on disappointing US exports and reminders of increased world plantings, traders said.
Published 26 Jan, 2007 12:00am
US MIDDAY: soyabeans turn lower

US MIDDAY: soyabeans turn lower

Soyabean futures prices at the Chicago Board of Trade turned lower after a firm start on Thursday. "When we couldn't hold early gains, we turned and hit some stops along the way," said one CBOT trader. "The market looks tired and the spreads are under som
Published 26 Jan, 2007 12:00am
US MIDDAY: copper rallies

US MIDDAY: copper rallies

US copper futures charged to a two-week high in early trade on Thursday after strong Chinese economic data raised expectations of increased demand growth from the world's largest consumer of the red metal, analysts said.
Published 26 Jan, 2007 12:00am
US MIDDAY: gold futures rise

US MIDDAY: gold futures rise

US gold futures rose almost 1 percent on Thursday, near their loftiest level in more than five months, as investors poured funds into the market after a key technical resistance was breached and oil prices steadied.
Published 26 Jan, 2007 12:00am
Pacra assigns AAA rating to Standard Chartered Bank

Pacra assigns AAA rating to Standard Chartered Bank

The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of "AAA" (Triple A) and a short-term rating of "A1+" (A One Plus) to Standard Chartered Bank (Pakistan) Limited (SCBPL). The bank's three listed, subordinated TFCs are also assigned
Published 26 Jan, 2007 12:00am
Pacra assigns AAA rating to Standard Chartered Bank

Pacra assigns AAA rating to Standard Chartered Bank

The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of "AAA" (Triple A) and a short-term rating of "A1+" (A One Plus) to Standard Chartered Bank (Pakistan) Limited (SCBPL). The bank's three listed, subordinated TFCs are also assigned
Published 26 Jan, 2007 12:00am
Youth parliament asked to keep national interests supreme

Youth parliament asked to keep national interests supreme

The members of Youth Parliament should keep the national interests high during their sessions and engage themselves in healthy debates for a better future, said Senate Chairman, Mohammedmian Soomro.
Published 26 Jan, 2007 12:00am
Cosmetics imports

Cosmetics imports

As our letter of December 22, 2006 to the CBR remains unanswered we repeat as under: A news had appeared in Business Recorder of 25th August, about huge misdeclaration of imported goods. The Customs officials in Karachi are co-operating with import
Published 26 Jan, 2007 12:00am
The vanishing containers

The vanishing containers

Please refer to the letter of Shakir Lakhani published in your newspaper on January 19, 2007 regarding the vanishing containers, which is absolute correct.
Published 26 Jan, 2007 12:00am
Companies Law amendments

Companies Law amendments

A committee was formed by the Government of Pakistan over one year ago in which a lot of amendments were being proposed for Companies Law. The committee was headed by Justice Ajmal Mian Saheb, who with other Members toured Karachi/Lahore/Islamabad etc and
Published 26 Jan, 2007 12:00am
In Tuscan hills, mosque stirs deep fears

In Tuscan hills, mosque stirs deep fears

For centuries, bells in a towering Catholic church have tolled daily in this honey-coloured town that embodies Tuscan serenity with its landscape of cypress trees and rolling farmland.
Published 26 Jan, 2007 12:00am
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