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Jan 10, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-02-01
Rates almost unchanged on grain market

Rates almost unchanged on grain market

After a long week-end, the rates at the grain market maintained the previous levels due to balanced demand and supply position, dealers said. A solo deal was seen on the cereals side as Juwar low type gained Rs 15 to Rs 965 and better type rose by Rs 20 t
Published 01 Feb, 2007 12:00am
Vietnam coffee prices firm

Vietnam coffee prices firm

Coffee prices in Vietnam were steady in the past week, but traders expect prices to firm by mid-February as farmers hold back the supply of fresh beans from the new harvest to boost prices.
Published 01 Feb, 2007 12:00am
New York cotton futures easier

New York cotton futures easier

Cotton futures closed lower on Tuesday due to steady speculative sales and market operators said the market could drift until release of an industry plantings survey at the end of the week, analysts said.
Published 01 Feb, 2007 12:00am
London sugar futures up

London sugar futures up

London sugar futures closed firmer on Tuesday on end-destination buying after a choppy session dominated by arbitrage, spread activity and speculative selling pressure from the New York market, dealers said. Benchmark March settled up $1.2 at $338.2 per t
Published 01 Feb, 2007 12:00am
Hydropower IPPs asked to get registered as companies in AJK

Hydropower IPPs asked to get registered as companies in AJK

The Central Board of Revenue (CBR) has asked the new hydropower projects/independent power producers (IPPs) in Azad Jammu and Kashmir (AJK) to get registered ''''as companies'''' with the AJK tax officials for obtaining income tax exemption under the rele
Published 01 Feb, 2007 12:00am
LME copper ends firm

LME copper ends firm

Copper on the London Metal Exchange ended firm on Tuesday, while nickel fell as pay talks continued at a major nickel operation, analysts said. Copper for delivery in three months closed up $50 at $5,640 a tonne, picked up by bargain hunters after droppin
Published 01 Feb, 2007 12:00am
Hydropower IPPs asked to get registered as companies in AJK

Hydropower IPPs asked to get registered as companies in AJK

The Central Board of Revenue (CBR) has asked the new hydropower projects/independent power producers (IPPs) in Azad Jammu and Kashmir (AJK) to get registered ''as companies'' with the AJK tax officials for obtaining income tax exemption under the relevant
Published 01 Feb, 2007 12:00am
Gold gains on oil rise

Gold gains on oil rise

A rise in oil prices helped lift gold on Tuesday, but dealers were cautious ahead of a Federal Reserve meeting that may determine the metal's price direction. Spot gold rose as high as $645.80 an ounce and was quoted at $644.90/645.65 by 1516 GMT, against
Published 01 Feb, 2007 12:00am
Hydropower IPPs asked to get registered as companies in AJK

Hydropower IPPs asked to get registered as companies in AJK

The Central Board of Revenue (CBR) has asked the new hydropower projects/independent power producers (IPPs) in Azad Jammu and Kashmir (AJK) to get registered 'as companies' with the AJK tax officials for obtaining income tax exemption under the relevant l
Published 01 Feb, 2007 12:00am
Coffee edges lower

Coffee edges lower

US arabica coffee futures contracts settled a touch weaker on Tuesday, after gyrating on speculative and roaster buying, and origin selling in a rangebound market, traders said. "The last two days the market has topped at the nine-day moving average. We'r
Published 01 Feb, 2007 12:00am
Hydropower IPPs asked to get registered as companies in AJK

Hydropower IPPs asked to get registered as companies in AJK

The Central Board of Revenue (CBR) has asked the new hydropower projects/independent power producers (IPPs) in Azad Jammu and Kashmir (AJK) to get registered 'as companies' with the AJK tax officials for obtaining income tax exemption under the relevant l
Published 01 Feb, 2007 12:00am
Germany orders arrest of 13 over CIA 'kidnapping'

Germany orders arrest of 13 over CIA 'kidnapping'

Germany has ordered the arrest of 13 people behind the alleged CIA-backed kidnapping of a Lebanese-born German man, prosecutors said Wednesday, in one of the best-known cases of US "renditions" of terror suspects.
Published 01 Feb, 2007 12:00am
North Korea eyes second nuclear test

North Korea eyes second nuclear test

North Korea will feel compelled to announce plans for another nuclear test if a financial dispute with Washington is not resolved, a source said on Wednesday, a sign of Pyongyang's impatience with a lack of progress in talks.
Published 01 Feb, 2007 12:00am
Brazil CBA starts Latam's largest aluminium smelter

Brazil CBA starts Latam's largest aluminium smelter

Companhia Brasileira de Aluminio (CBA), part of Votorantim group, opened on Tuesday a 70,000 tonne-per-year primary aluminium expansion at Aluminio, Sao Paulo state, making it Latin America's biggest producer. Production is due to rise to 448,200 tonnes i
Published 01 Feb, 2007 12:00am
Fed holds interest rates steady

Fed holds interest rates steady

The US Federal Reserve held benchmark interest rates steady at 5.25 percent on Wednesday for a fifth straight meeting, while maintaining a warning on the risk of inflation.
Published 01 Feb, 2007 12:00am
MGE wheat ends quietly higher

MGE wheat ends quietly higher

Spring wheat futures on the Minneapolis Grain Exchange closed higher on Tuesday in thin trade, influenced by rallies in Chicago Board of Trade grains and the energy markets, traders said.
Published 01 Feb, 2007 12:00am
Fed holds interest rates steady

Fed holds interest rates steady

The US Federal Reserve held benchmark interest rates steady at 5.25 percent on Wednesday for a fifth straight meeting, while maintaining a warning on the risk of inflation.
Published 01 Feb, 2007 12:00am
Mexico's Pemex says crude oil output rise in January

Mexico's Pemex says crude oil output rise in January

Mexican state oil monopoly Pemex said on Tuesday its crude output rose slightly in January as it fixed technical problems at its Cantarell field, but the figure was still one of the lowest seen in recent years.
Published 01 Feb, 2007 12:00am
Fed holds interest rates steady

Fed holds interest rates steady

The US Federal Reserve held benchmark interest rates steady at 5.25 percent on Wednesday for a fifth straight meeting, while maintaining a warning on the risk of inflation.
Published 01 Feb, 2007 12:00am
New York cocoa settles firm

New York cocoa settles firm

US cocoa futures contracts settled higher on Tuesday on speculative buying unmatched by light origin selling while continued dry weather in West Africa underpinned the market, traders said.
Published 01 Feb, 2007 12:00am
Sovereign bond by March-end

Sovereign bond by March-end

Pakistan plans to issue a sovereign bond by end-March and a mandate to manage the transaction will be awarded in a couple of weeks, a senior government advisor said on Wednesday.
Published 01 Feb, 2007 12:00am
Oil jumps on fund buying

Oil jumps on fund buying

Oil jumped more than 5 percent on Tuesday, the biggest gain in 16 months, as big money funds poured fresh cash into the market amid Opec cuts and cold US weather that could tighten supplies.
Published 01 Feb, 2007 12:00am
Sovereign bond by March-end

Sovereign bond by March-end

Pakistan plans to issue a sovereign bond by end-March and a mandate to manage the transaction will be awarded in a couple of weeks, a senior government advisor said on Wednesday.
Published 01 Feb, 2007 12:00am
Comex copper jumps

Comex copper jumps

US copper futures ended slightly higher on Tuesday as bargain buying interest moved in following a near 4 percent sell-off on Monday, traders said.
Published 01 Feb, 2007 12:00am
Sovereign bond by March-end

Sovereign bond by March-end

Pakistan plans to issue a sovereign bond by end-March and a mandate to manage the transaction will be awarded in a couple of weeks, a senior government advisor said on Wednesday.
Published 01 Feb, 2007 12:00am
US gold slightly firmer

US gold slightly firmer

Gold futures ended slightly higher and palladium dropped as much as 3 percent before paring losses on Tuesday, as investors braced for the US Federal Reserve's rate decision and comments on inflation and a barrage of economic data due later this week.
Published 01 Feb, 2007 12:00am
Sovereign bond by March-end

Sovereign bond by March-end

Pakistan plans to issue a sovereign bond by end-March and a mandate to manage the transaction will be awarded in a couple of weeks, a senior government advisor said on Wednesday.
Published 01 Feb, 2007 12:00am
Tocom gold edges down

Tocom gold edges down

Tokyo gold futures wiped off early gains to close slightly lower on Wednesday as investors locked in profits from recent gains ahead of a US Federal Reserve policy-setting meeting.
Published 01 Feb, 2007 12:00am
Commodity exchange to start operation from February 7

Commodity exchange to start operation from February 7

Country''s first National Commodity Exchange Limited (NCEL) will start operation from February 7, and gold has been selected as first commodity to be traded on the board, sources said on Wednesday.
Published 01 Feb, 2007 12:00am
Gold adds gains

Gold adds gains

Gold rose in cautious trade ahead a US Federal Reserve rate decision on Wednesday, but a lack of follow-through buying capped gains around $647 an ounce. Spot gold hit a high of $647.40 an ounce and was at $646.40/646.80 an ounce by 0333 GMT, up from $645
Published 01 Feb, 2007 12:00am
Commodity exchange to start operation from February 7

Commodity exchange to start operation from February 7

Country's first National Commodity Exchange Limited (NCEL) will start operation from February 7, and gold has been selected as first commodity to be traded on the board, sources said on Wednesday.
Published 01 Feb, 2007 12:00am
NYBoT cotton stocks rise

NYBoT cotton stocks rise

Certificated cotton stocks deliverable against New York Board of Trade's (NYBoT) No 2 cotton futures contract as of January 29 totalled 536,700 (480-lb) bales, from 535,847 bales the previous session. There were 3,437 bales issued, 22,747 bales awaiting r
Published 01 Feb, 2007 12:00am
Commodity exchange to start operation from February 7

Commodity exchange to start operation from February 7

Country's first National Commodity Exchange Limited (NCEL) will start operation from February 7, and gold has been selected as first commodity to be traded on the board, sources said on Wednesday.
Published 01 Feb, 2007 12:00am
China to buy sugar for reserves to support prices

China to buy sugar for reserves to support prices

China will buy sugar from domestic mills to refill its state reserves and prevent prices from falling further after a record harvest in the year ending September, industry officials said on Wednesday.
Published 01 Feb, 2007 12:00am
SECP notice to brokers for ignoring regulation

SECP notice to brokers for ignoring regulation

The Securities and Exchange Commission of Pakistan (SECP) has issued show cause notices to brokerage firms under investigation in connection with March 2005 crisis for failure to deposit shares or provide documentary evidence to the Karachi Stock Exchange
Published 01 Feb, 2007 12:00am
Oil eases, but holds over $56

Oil eases, but holds over $56

Oil slipped but held over $56 a barrel on Wednesday, as the market pulled back from steep gains the previous day ahead of US data expected to show a fall in fuel stocks during a cold spell, but higher crude inventories.
Published 01 Feb, 2007 12:00am
SECP notice to brokers for ignoring regulation

SECP notice to brokers for ignoring regulation

The Securities and Exchange Commission of Pakistan (SECP) has issued show cause notices to brokerage firms under investigation in connection with March 2005 crisis for failure to deposit shares or provide documentary evidence to the Karachi Stock Exchange
Published 01 Feb, 2007 12:00am
Chile strike vote lifts Shanghai copper

Chile strike vote lifts Shanghai copper

Shanghai copper futures rose a little over 1 percent on Wednesday, paring the previous day's 4-percent fall, supported by a strike vote by workers at a copper mine in Chile. The most active April contract was up 560 yuan, or 1.1 percent, at 52,470 yuan ($
Published 01 Feb, 2007 12:00am
SECP notice to brokers for ignoring regulation

SECP notice to brokers for ignoring regulation

The Securities and Exchange Commission of Pakistan (SECP) has issued show cause notices to brokerage firms under investigation in connection with March 2005 crisis for failure to deposit shares or provide documentary evidence to the Karachi Stock Exchange
Published 01 Feb, 2007 12:00am
New York sugar softens

New York sugar softens

Raw sugar futures settled Tuesday trading at a fresh four-month low on commodity fund sales but robust trade and consumer buying pared the market's losses for now, brokers said. The New York Board of Trade's March raw sugar contract shed 0.04 cent to end
Published 01 Feb, 2007 12:00am
Tokyo rubber up around 2.5 percent

Tokyo rubber up around 2.5 percent

Tokyo rubber futures rose more than 2 percent to around 289 yen a kg on Wednesday as bargain hunters resurfaced after a technical drop the previous day, while a jump in crude oil also helped.
Published 01 Feb, 2007 12:00am
Soyabeans rise as crude oil and soyaoil rally

Soyabeans rise as crude oil and soyaoil rally

Soyabean futures at the Chicago Board of Trade climbed on Tuesday, lifted by the strength in soyaoil amid higher energy markets, traders said. March soyabeans closed 11-1/2 cents higher at $7.21 per bushel. March broke through its 10-day moving average of
Published 01 Feb, 2007 12:00am
Malaysian tin dips on LME losses

Malaysian tin dips on LME losses

Malaysian tin slipped $100 a tonne on Wednesday, dragged down by lower prices on the London Metal Exchange and selling pressure, one dealer said.
Published 01 Feb, 2007 12:00am
CBoT rice ends weaker

CBoT rice ends weaker

Chicago Board of Trade rough rice futures ended lower on Tuesday amid technical weakness and slow demand for US rice, traders said. March rice settled 5 cents down at $10.15 per hundredweight. The deferred months closed 2 to 4 cents weaker.
Published 01 Feb, 2007 12:00am
Indian soyaoil futures soar; sugar and wheat slump

Indian soyaoil futures soar; sugar and wheat slump

Indian soyaoil futures rose on Wednesday defying global trends, although traders expected a correction soon, while sugar was dragged down by improved supplies and higher output forecasts.
Published 01 Feb, 2007 12:00am
Malaysian palm oil ends two percent higher

Malaysian palm oil ends two percent higher

Malaysian crude palm oil futures closed almost 2 percent higher on Wednesday, boosted by firm soyaoil prices. Dealers said a weak export performance reported by cargo surveyors failed to dampen market sentiment.
Published 01 Feb, 2007 12:00am
Russia's GDP rises

Russia's GDP rises

Russia's gross domestic product (GDP) grew by 6.7 percent in 2006, beating the previous year's expansion of 6.4 percent, statistical agency Rosstat said in a preliminary estimate on Wednesday.
Published 01 Feb, 2007 12:00am
Bangladesh cuts development spending 15 percent

Bangladesh cuts development spending 15 percent

Bangladesh has slashed its annual development programme (ADP) for this fiscal year by 15 percent to 220 billion taka ($3.18 billion) because of hefty loan repayments and poor aid inflows, officials said on Wednesday.
Published 01 Feb, 2007 12:00am
Sony third quarter profit down 15 percent

Sony third quarter profit down 15 percent

Sony Corp posted a 15 percent fall in quarterly operating profit on Tuesday after massive losses at its game unit offset robust sales of flat TVs, but it raised its annual outlook closer to market expectations.
Published 01 Feb, 2007 12:00am
Sony third quarter profit down 15 percent

Sony third quarter profit down 15 percent

Sony Corp posted a 15 percent fall in quarterly operating profit on Tuesday after massive losses at its game unit offset robust sales of flat TVs, but it raised its annual outlook closer to market expectations.
Published 01 Feb, 2007 12:00am
Tata Steel wins Corus with $12 billion offer

Tata Steel wins Corus with $12 billion offer

India's Tata Steel is set to become the world's fifth-biggest steel maker after winning a dramatic bid battle for Anglo-Dutch group Corus with a 6.2 billion pound ($12.2 billion) offer.
Published 01 Feb, 2007 12:00am
US GDP grows at strong 3.5 percent rate

US GDP grows at strong 3.5 percent rate

The US economy grew at a stronger-than-expected pace in the final quarter of last year, boosted by robust spending and slowing inflation that more than offset the biggest decline in housing activity in 15 years, a government report on Wednesday showed.
Published 01 Feb, 2007 12:00am
General Electric gets Saudi Arabian orders

General Electric gets Saudi Arabian orders

General Electric Co said on Wednesday it had received orders for $1 billion in power-generation and water-processing projects in Saudi Arabia. The world's second-largest company by market value said it had agreed to work on a new Marafiq power generation
Published 01 Feb, 2007 12:00am
Microsoft debuts Vista in 70 countries

Microsoft debuts Vista in 70 countries

Microsoft Corp rolled out Windows Vista at retailers in 70 countries on Tuesday, delivering a PC operating system that aims to better manage the explosion of digital media and protect users from the dangers of the Internet.
Published 01 Feb, 2007 12:00am
US wants fully floating China currency: Paulson

US wants fully floating China currency: Paulson

US Treasury Secretary Henry Paulson said on Wednesday that he was pushing China to speed up its move toward greater currency flexibility, but said he wants to achieve more than that in the next two years.
Published 01 Feb, 2007 12:00am
Time Warner profit rises

Time Warner profit rises

Media conglomerate Time Warner Inc said on Wednesday quarterly profit rose 34 percent, boosted by AOL asset sales in Europe, a rise in digital cable and phone customers, and online advertising sales. The company, which until now has not provided annual ea
Published 01 Feb, 2007 12:00am
Time Warner profit rises

Time Warner profit rises

Media conglomerate Time Warner Inc said on Wednesday quarterly profit rose 34 percent, boosted by AOL asset sales in Europe, a rise in digital cable and phone customers, and online advertising sales. The company, which until now has not provided annual ea
Published 01 Feb, 2007 12:00am
Eurozone inflation down

Eurozone inflation down

Annual inflation in the eurozone defied market forecasts of a rebound in January, staying below 2 percent, and inflation expectations among consumers dropped substantially, data showed on Wednesday.
Published 01 Feb, 2007 12:00am
German jobless falls

German jobless falls

The number of unemployed in Germany fell by more than expected in January, official figures showed on Wednesday in a sign the economy made a solid start to 2007 despite the impact of a sales tax hike. The unemployment total fell by 106,000 on the month in
Published 01 Feb, 2007 12:00am
NYSE and Tokyo Stock Exchange enter alliance

NYSE and Tokyo Stock Exchange enter alliance

NYSE Group Inc said on Wednesday that it will form a strategic alliance with the Tokyo Stock Exchange, Asia's biggest bourse, as the US exchange operator continues to expand globally. The deal is the latest sign of a shift toward Asia as NYSE, owner of th
Published 01 Feb, 2007 12:00am
Boeing net up sharply on jet sales

Boeing net up sharply on jet sales

Boeing Co said on Wednesday fourth-quarter profit more than doubled, easily beating Wall Street expectations, as it delivered more commercial aircraft than in the year-earlier quarter and its defence unit posted record sales.
Published 01 Feb, 2007 12:00am
South Korea considering free trade deal with Gulf states

South Korea considering free trade deal with Gulf states

South Korea is actively considering forging a free trade agreement with six Gulf nations, its top economic official said Wednesday. "South Korea is actively reviewing an idea of pursuing a free trade agreement (FTA) with the Gulf Cooperation Council," Fin
Published 01 Feb, 2007 12:00am
Taiwan stocks weaken

Taiwan stocks weaken

Taiwan shares ended 0.52 percent weaker on Wednesday at a 2-1/2 week closing low as investors took profit in tech shares before the Lunar New Year, but contract notebook PC makers like Compal and Wistron rose after Microsoft released Vista.
Published 01 Feb, 2007 12:00am
Thai shares close slightly higher

Thai shares close slightly higher

Thai share prices closed slightly higher on Wednesday, led by gains on Wall Street and buying of energy-linked shares, dealers said. But they said the broader market was kept in check after Hong Kong stocks fell sharply in line with a drop in Chinese shar
Published 01 Feb, 2007 12:00am
Hong Kong stocks slide

Hong Kong stocks slide

Hong Kong stocks slid 1.7 percent on Wednesday, as sharp declines in Shanghai shares prompted a broad sell-off, led by China Mobile and mainland financial plays.
Published 01 Feb, 2007 12:00am
Dow and S&P up with oil's rise

Dow and S&P up with oil's rise

US stocks rose on Tuesday as a 5.5 percent jump in oil prices to nearly $57 a barrel spurred a rally in the energy sector, while shares of Motorola Inc gained after investor Carl Icahn said he will seek a seat on the board. US crude oil futures prices sho
Published 01 Feb, 2007 12:00am
Indian shares fall

Indian shares fall

Indian share prices fell 0.85 percent on Wednesday after a hike in interest rates by the central bank, dealers said. They said banking stocks fell as the central bank in a quarterly policy review raised its overnight borrowing or repurchase rate by a quar
Published 01 Feb, 2007 12:00am
US Treasuries rise as market shrugs

US Treasuries rise as market shrugs

US Treasury debt prices firmed modestly on Tuesday, pulling yields just below five-and-a-half-month peaks as dealers ignored firm consumer confidence data ahead of a Fed interest rate decision and economic data later in the week.
Published 01 Feb, 2007 12:00am
US Treasuries rise as market shrugs

US Treasuries rise as market shrugs

US Treasury debt prices firmed modestly on Tuesday, pulling yields just below five-and-a-half-month peaks as dealers ignored firm consumer confidence data ahead of a Fed interest rate decision and economic data later in the week.
Published 01 Feb, 2007 12:00am
Philippines shares surge

Philippines shares surge

Philippines share prices closed 1.33 percent higher on Wednesday as investors remained confident the country's economy will continue to grow this year after GDP hit 5.4 percent in 2006, dealers said.
Published 01 Feb, 2007 12:00am
Jakarta stocks tumble

Jakarta stocks tumble

Indonesian shares prices closed 0.47 percent lower on Wednesday in cautious trade on the eve of the release of January inflation data, dealers said.
Published 01 Feb, 2007 12:00am
Singapore shares decline

Singapore shares decline

Share prices closed 0.15 percent lower on Wednesday in a late burst of profit-taking by investors who saw strong corporate earnings results as a cue to cash in gains, dealers said. The Straits Times Index fell 4.70 points to 3,125.56.
Published 01 Feb, 2007 12:00am
Nikkei sags as Sony slips

Nikkei sags as Sony slips

The Nikkei share average dropped 0.61 percent on Wednesday as Sony Corp and TDK Corp declined after raising their profit forecasts more cautiously than investors had expected. Investors sold Honda Motor Co Ltd, Toshiba Corp, and Fujitsu Ltd ahead of their
Published 01 Feb, 2007 12:00am
Malaysian shares jump

Malaysian shares jump

Malaysian share prices closed 0.66 percent higher on Wednesday in mixed trade, as interest in blue chips offset profit-taking in the broader market, dealers said. The Kuala Lumpur Composite Index edged up 7.93 points to 1,189.35.
Published 01 Feb, 2007 12:00am
FTSE ends flat as miners rebound

FTSE ends flat as miners rebound

Britain's FTSE 100 index ended flat in a choppy market on Tuesday, recovering from earlier losses as firmer metal prices pulled miners out from the red and on a brighter mood among US consumers.
Published 01 Feb, 2007 12:00am
Swiss franc eases

Swiss franc eases

The Swiss franc eased against major currencies on Wednesday as market participants look to Swiss sentiment data and a Federal Reserve statement later in the session for clues about the Swiss and US economies.
Published 01 Feb, 2007 12:00am
Yuan edges up versus dollar

Yuan edges up versus dollar

The yuan closed slightly higher against the dollar on Wednesday, recording a gain of 0.4 percent for January, as the central bank sought to slow a recent faster-than-expected rise in the Chinese currency.
Published 01 Feb, 2007 12:00am
Sterling up versus dollar and euro

Sterling up versus dollar and euro

Sterling rose against the dollar and euro on Tuesday as investors focused on possible inflows from corporate take-over activity and strong British economic fundamentals.
Published 01 Feb, 2007 12:00am
Yen holds near lows

Yen holds near lows

The yen stayed near a 4-year low against the dollar on Tuesday as soft Japanese economic data raised further doubts about whether the Bank of Japan will lift interest rates next month.
Published 01 Feb, 2007 12:00am
Dollar hovers near four-year high

Dollar hovers near four-year high

The dollar held near a four-year peak against the yen on Wednesday as investors waited for a Federal Reserve policy statement due later in the session for clues on the course of US interest rates.
Published 01 Feb, 2007 12:00am
Dollar down slightly

Dollar down slightly

The dollar exited North American trade on Tuesday a touch softer against the euro as dealers awaited a deluge of US economic data that could shed light on the course of monetary policy.
Published 01 Feb, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 69.03/69.20 (previous 69.07/69.15). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
Published 01 Feb, 2007 12:00am
Asian currencies up

Asian currencies up

Most Asia currencies edged up on Wednesday as the Japanese yen bounced back from this week's four-year low versus the dollar, but caution prevailed ahead of the prospect of fresh policy signals from the Federal Reserve.
Published 01 Feb, 2007 12:00am
Hong Kong dollar rebounds

Hong Kong dollar rebounds

The Hong Kong dollar regained ground on Wednesday after hitting a 17-year low a day earlier, while short-dated interbank rates rose on month-end factors and as some funds were tied up by an IPO. The currency was trading at 7.8068/72 against the US dollar,
Published 01 Feb, 2007 12:00am
South Africa pick shadow World Cup side against Pakistan

South Africa pick shadow World Cup side against Pakistan

South Africa have named a 15-man squad, including seven black players, for their home one-day series against Pakistan starting on Sunday. Cricket South Africa (CSA) has set a target of seven black players for the World Cup which starts in March.
Published 01 Feb, 2007 12:00am
Beckham, Ronaldo moves dominate transfer deals

Beckham, Ronaldo moves dominate transfer deals

David Beckham's move from Real Madrid to LA Galaxy in a package that could be worth up to $250 million to the player dwarfed every other transfer in the January window which closes on Wednesday.
Published 01 Feb, 2007 12:00am
Hingis moves into Tokyo quarters

Hingis moves into Tokyo quarters

Martina Hingis began her quest for a record fifth Pan Pacific Open title with a crushing 6-1 7-5 win over Australia's Nicole Pratt on Wednesday. The former world number one, a quarter-finalist at last week's Australian Open, needed only 66 minutes to reac
Published 01 Feb, 2007 12:00am
Woolmer thought I feigned injury, says Shoaib Akhtar

Woolmer thought I feigned injury, says Shoaib Akhtar

Controversial Pakistani paceman Shoaib Akhtar on Wednesday said coach Bob Woolmer believed he had feigned injury during his short stint in South Africa. "Woolmer thought I feigned injury which led to our altercation," Akhtar told reporters about an incide
Published 01 Feb, 2007 12:00am
Tendulkar ton spurs India to 3-1 series win

Tendulkar ton spurs India to 3-1 series win

Sachin Tendulkar scored his 41st one-day hundred to power India to a crushing 160-run victory over West Indies in the final match on Wednesday and clinch the four-game series 3-1.
Published 01 Feb, 2007 12:00am
Boffins causing a buzz with bee-sized aircraft

Boffins causing a buzz with bee-sized aircraft

Scientists in Britain said Wednesday they have figured out how insects fly, bringing bee-sized surveillance aircraft a step closer to reality. Experts from the University of Bath in south-west England have studied insect flight in the hope of discovering
Published 01 Feb, 2007 12:00am
Hundreds of children abused in Cambodian jails

Hundreds of children abused in Cambodian jails

Sothon was 10 years old when he first saw the inside of a Cambodian prison. A street-kid in the booming tourist town of Siem Reap, he had stolen a small roll of electric wire that he hoped to sell for enough money to buy a few bowls of rice.
Published 01 Feb, 2007 12:00am
Sudan decision boosts AU, marks break with past

Sudan decision boosts AU, marks break with past

The African Union's decisive action in swiftly resolving a tricky dispute over Sudan at a summit this week boosted its credibility and underlined a break with the past.
Published 01 Feb, 2007 12:00am
Force no solution for Nigeria's oil delta: minister

Force no solution for Nigeria's oil delta: minister

The Nigerian government faces a new challenge from spiralling crime in the oil-producing Niger Delta but wants to avoid turning Africa's oil heartland into a battleground, Energy Minister Edmund Daukoru said.
Published 01 Feb, 2007 12:00am
'Secret' UN Kosovo plan surfaces ahead of schedule

'Secret' UN Kosovo plan surfaces ahead of schedule

The Kosovo daily Lajm left four pages of its morning edition blank on Wednesday, saying it was told not to publish the text of a confidential United Nations plan for Serbia's breakaway province.
Published 01 Feb, 2007 12:00am
Blair faces new grilling after ally arrested

Blair faces new grilling after ally arrested

British Prime Minister Tony Blair faced growing pressure Wednesday to answer more questions about a "cash-for-honours" probe threatening his government, after a key ally was re-arrested over the row.
Published 01 Feb, 2007 12:00am
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