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Print - 2007-03-09
Peace talks bring positive results: Manmohan

Peace talks bring positive results: Manmohan

Indian Prime Minister Manmohan Singh said that peace talks with Pakistan had brought "positive results." "We have been working purposefully for all-round improvement of relations with Pakistan," he told parliament on Thursday. "Efforts we have made are be
Published 09 Mar, 2007 12:00am
LSE stays bullish

LSE stays bullish

The local share market stayed bullish for the second consecutive session on Thursday on account of buying in cement and oil sector stocks, which helped the index, record a fresh gain of 51.12 points. The LSE-25 index soared to 4554.11 points from 4,502.99
Published 09 Mar, 2007 12:00am
LSE stays bullish

LSE stays bullish

The local share market stayed bullish for the second consecutive session on Thursday on account of buying in cement and oil sector stocks, which helped the index, record a fresh gain of 51.12 points. The LSE-25 index soared to 4554.11 points from 4,502.99
Published 09 Mar, 2007 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am
ISE equities show healthy signs

ISE equities show healthy signs

Equities showed healthy signs at the Islamabad Stock Exchange (ISE) where bulls commanded the proceedings under the lead of trend-setters amid increase in index. ISE Ten Index showed an improvement of 32.53 points, as index moved from 2,649.23 to 2,681.76
Published 09 Mar, 2007 12:00am
Peace talks bring positive results: Manmohan

Peace talks bring positive results: Manmohan

Indian Prime Minister Manmohan Singh said that peace talks with Pakistan had brought "positive results." "We have been working purposefully for all-round improvement of relations with Pakistan," he told parliament on Thursday. "Efforts we have made are be
Published 09 Mar, 2007 12:00am
ISE equities show healthy signs

ISE equities show healthy signs

Equities showed healthy signs at the Islamabad Stock Exchange (ISE) where bulls commanded the proceedings under the lead of trend-setters amid increase in index. ISE Ten Index showed an improvement of 32.53 points, as index moved from 2,649.23 to 2,681.76
Published 09 Mar, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 08, 2007).
Published 09 Mar, 2007 12:00am
Conoco and Chevron agree May 1 handover in Venezuela

Conoco and Chevron agree May 1 handover in Venezuela

Venezuela said on Thursday US oil giants ConocoPhillips and Chevron Corp have agreed to cede by May 1 operations of multibillion-dollar projects in the Orinoco heavy crude belt.
Published 09 Mar, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am
EU blocks Ecuador bid

EU blocks Ecuador bid

The European Union on Thursday exercised its right to block Ecuador's initial request for a World Trade Organisation panel to investigate charges that EU banana import tariffs are too high and break trade rules.
Published 09 Mar, 2007 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Mar, 2007 12:00am
Singapore bunker fuel prices rise

Singapore bunker fuel prices rise

Singapore bunker prices rose on Thursday, while the differential to cargo values jumped to $6-$7 a tonne amid tight supplies, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $301-$303 a tonne, while its differential to fuel oil ca
Published 09 Mar, 2007 12:00am
Textile sector revival: Rs 29.761 billion tax relief package suggested

Textile sector revival: Rs 29.761 billion tax relief package suggested

The Ministry of Textile Industry has recommended Rs 29.761 billion tax relief incentive package for revival of the textile sector. It has demanded duty free imports of garments/home textile sectors accessories, reduction of tax on power looms, inclusion o
Published 09 Mar, 2007 12:00am
US Midwest corn and soya bids mostly steady

US Midwest corn and soya bids mostly steady

Spot basis bids for corn and soyabeans were mostly steady around the interior US Midwest on Wednesday amid slow country movement, grain dealers said. Cash bids for corn did fall along rivers as CIF values have declined through the week.
Published 09 Mar, 2007 12:00am
Textile sector revival: Rs 29.761 billion tax relief package suggested

Textile sector revival: Rs 29.761 billion tax relief package suggested

The Ministry of Textile Industry has recommended Rs 29.761 billion tax relief incentive package for revival of the textile sector. It has demanded duty free imports of garments/home textile sectors accessories, reduction of tax on power looms, inclusion o
Published 09 Mar, 2007 12:00am
Textile sector revival: Rs 29.761 billion tax relief package suggested

Textile sector revival: Rs 29.761 billion tax relief package suggested

The Ministry of Textile Industry has recommended Rs 29.761 billion tax relief incentive package for revival of the textile sector. It has demanded duty free imports of garments/home textile sectors accessories, reduction of tax on power looms, inclusion o
Published 09 Mar, 2007 12:00am
Walid made PTCL president and chief executive

Walid made PTCL president and chief executive

The board of directors, Pakistan Telecommunication Limited (PTCL) on Thursday appointed Walid Irshaid, a career telecom professional, as the president and chief executive officer (CEO) of PTCL to succeed Mohammad Bamakhrama, who will return to Etisalat UA
Published 09 Mar, 2007 12:00am
Textile sector revival: Rs 29.761 billion tax relief package suggested

Textile sector revival: Rs 29.761 billion tax relief package suggested

The Ministry of Textile Industry has recommended Rs 29.761 billion tax relief incentive package for revival of the textile sector. It has demanded duty free imports of garments/home textile sectors accessories, reduction of tax on power looms, inclusion o
Published 09 Mar, 2007 12:00am
Walid made PTCL president and chief executive

Walid made PTCL president and chief executive

The board of directors, Pakistan Telecommunication Limited (PTCL) on Thursday appointed Walid Irshaid, a career telecom professional, as the president and chief executive officer (CEO) of PTCL to succeed Mohammad Bamakhrama, who will return to Etisalat UA
Published 09 Mar, 2007 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 09 Mar, 2007 12:00am
Walid made PTCL president and chief executive

Walid made PTCL president and chief executive

The board of directors, Pakistan Telecommunication Limited (PTCL) on Thursday appointed Walid Irshaid, a career telecom professional, as the president and chief executive officer (CEO) of PTCL to succeed Mohammad Bamakhrama, who will return to Etisalat UA
Published 09 Mar, 2007 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am
Musharraf and Ahmadinejad discuss Middle East crisis

Musharraf and Ahmadinejad discuss Middle East crisis

President General Pervez Musharraf spoke to president of Iran Ahmadinejad last night. The President welcomed the Iranian President's visit to Saudi Arabia and his meeting with King Abdullah. He expressed the confidence that this visit will strengthen the
Published 09 Mar, 2007 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am
Musharraf and Ahmadinejad discuss Middle East crisis

Musharraf and Ahmadinejad discuss Middle East crisis

President General Pervez Musharraf spoke to president of Iran Ahmadinejad last night. The President welcomed the Iranian President's visit to Saudi Arabia and his meeting with King Abdullah. He expressed the confidence that this visit will strengthen the
Published 09 Mar, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (March 08, 2007).

Published 09 Mar, 2007 12:00am
Gucci fashion lifts PPR's 2006 profit to $899 million

Gucci fashion lifts PPR's 2006 profit to $899 million

French retail group PPR, the maker of Gucci handbags, posted a 28 percent rise in 2006 net profit to 685 million euros ($898.8 million), on Thursday, spurred by demand for its luxury leather goods and clothes.
Published 09 Mar, 2007 12:00am
US TV torture scenes trouble human rights activists

US TV torture scenes trouble human rights activists

Desperate to get answers from a terrorism suspect who is refusing to talk, steely eyed US intelligence agent Jack Bauer bursts into an interrogation room and shoots the prisoner in the leg. In an instant, the squirming, grimacing villain fesses up, reveal
Published 09 Mar, 2007 12:00am
Corruption in high places in India

Corruption in high places in India

You must have read about the Bofors scandal of India that involved kickbacks in the purchase of guns from a Swedish company. However, Jain Hawala scandal was a bigger one, with one billion rupees going as kickbacks, not only to Congress but also to BJP le
Published 09 Mar, 2007 12:00am
Power failure

Power failure

On March 5, there was a power failure in our area, Soldier Bazar, which began at 9 in the morning and continued upto 8 pm. Karachi is supposed to be the heart of Pakistan. If such long loadshedding continues here then what will happen to small cities or v
Published 09 Mar, 2007 12:00am
Enough is enough

Enough is enough

Not a single day goes by without an anti-Pakistan statement coming from our neighbour Afghanistan. The Afghans have forgotten how Pakistan provided safe refuge to millions of Afghanis during the Soviet invasion. Karzai ran away to the USA to run a string
Published 09 Mar, 2007 12:00am
Free dialysis to be provided in NIKD

Free dialysis to be provided in NIKD

Punjab Governor Khalid Maqbool on Thursday announced on behalf of the Prime Minister that free dialysis would be provided for a year to patients registered with the National Institute of Kidney Diseases (NIKD) at Shaikh Zayed Hospital.
Published 09 Mar, 2007 12:00am
Student honoured

Student honoured

Punjab University Vice Chancellor, Arshad Mahmood has awarded 'Woman of Courage' to Ayesha Tufail, a special student of Institute of Social and Cultural Studies on 'International Women Day' here at New Campus on Thursday.
Published 09 Mar, 2007 12:00am
Psychological research

Psychological research

Punjab University Department of Psychology and Applied Psychology will be holding a three day national conference on 'New Trends in Psychological Research' from April 5, 2007.
Published 09 Mar, 2007 12:00am
US MIDDAY: gold futures climb

US MIDDAY: gold futures climb

US gold futures rose early on Thursday, following solid gains in the previous two sessions, helped by renewed buying interest in the precious metals because of improved sentiment in global stocks.
Published 09 Mar, 2007 12:00am
US MIDDAY: soya stays higher

US MIDDAY: soya stays higher

Soyabean futures at the Chicago Board of Trade were mildly firmer Thursday on follow-through technical buying, supported by bigger-than-expected weekly export sales, traders said. March soyabeans were up 2-1/4 cents at $7.45 per bushel and May was up 1-1/
Published 09 Mar, 2007 12:00am
US MIDDAY: copper hits two-week peak

US MIDDAY: copper hits two-week peak

US copper futures charged to a near two-week peak early Thursday amid follow-through speculative buying following Monday's slide to two-week lows, traders said.
Published 09 Mar, 2007 12:00am
US MIDDAY: wheat firmer

US MIDDAY: wheat firmer

Wheat futures at the Chicago Board of Trade were holding firm early on Thursday on fund buying amid a rebound in the global stock market, traders said. "This is about money flow and nothing else," a trader said.
Published 09 Mar, 2007 12:00am
US MIDDAY: corn higher

US MIDDAY: corn higher

Corn futures at the Chicago Board of Trade were mostly higher early on Thursday on fund buying amid gains in the global stock market, traders said. However, the market was turning weak and trading below the day's highs following a downturn in the crude oi
Published 09 Mar, 2007 12:00am
Gold on recovery path

Gold on recovery path

Gold extended gains on Thursday to move further away from a six-week low on renewed interest from investors and firmer oil prices, dealers said. A rise in base metals prices and improving stock markets helped gold, but investors continued to watch the equ
Published 09 Mar, 2007 12:00am
Nickel hits new peak

Nickel hits new peak

Copper futures jumped in London on Thursday and nickel hit a record high as confidence returned to equity markets and investors concentrated on supply and demand, analysts said. Mining stocks were top performers in London as metals prices firmed, with Kaz
Published 09 Mar, 2007 12:00am
Investors sell 'overbought' US grains

Investors sell 'overbought' US grains

US grains are being sucked into the vortex of a global meltdown in equities and commodity markets as risk-averse investors bail out in favour of bonds, cash and other assets now perceived as more stable.
Published 09 Mar, 2007 12:00am
New York cotton mixed as USDA report looms

New York cotton mixed as USDA report looms

Cotton futures settled mixed Thursday in activity dominated by small speculators as players tweaked their positions before tomorrow's release of a government crop report, brokers said. The New York Board of Trade's May cotton contract edged up 0.01 cent t
Published 09 Mar, 2007 12:00am
Australian sugar sees payoff

Australian sugar sees payoff

Brazil's rising cost of cane sugar production is expected to put a floor under world sugar markets and keep the Australian industry profitable after years of losses, Australia's main sugar exporter said.
Published 09 Mar, 2007 12:00am
Oil prices down after shock supply data

Oil prices down after shock supply data

World oil prices drifted lower Thursday as traders consolidated gains made on the back of a surprisingly weak report on petroleum stockpiles in major consumer the United States. New York's main oil futures contract, light sweet crude for delivery in April
Published 09 Mar, 2007 12:00am
Disaster-hit South Africa needs big food imports

Disaster-hit South Africa needs big food imports

Southern Africa is facing a serious food shortage this year after floods and drought ravaged crops and will need to import hundreds of thousands of tonnes of maize to feed its people, the World Food Programme said.
Published 09 Mar, 2007 12:00am
London sugar easier

London sugar easier

London white sugar futures closed easier on Thursday, underpinned by trade buying after a choppy session in moderate volumes, as the market digested a good-sized EU sugar export tender award. May settled down 90 cents to $343.20 per tonne in volume of 3,3
Published 09 Mar, 2007 12:00am
Britain's top share index climbs

Britain's top share index climbs

Britain's leading share index climbed 1.2 percent on Thursday, further recovering from last week's global sell-off, as commodity stocks were boosted by firmer metal and oil prices, and as banks gained.
Published 09 Mar, 2007 12:00am
Seoul shares stay higher

Seoul shares stay higher

Seoul shares rose 0.9 percent on Thursday, gaining for a third day in a row, led by brokerages such as Samsung Securities as investors begin to believe the worst from a recent slump in global markets may be over.
Published 09 Mar, 2007 12:00am
Corporate bond issuers return

Corporate bond issuers return

Corporate bond issuers returned to the primary market on Thursday, as the iTraxx Crossover index tightened sharply after more than a week of volatility, buoyed by stronger global equities.
Published 09 Mar, 2007 12:00am
Corporate bond issuers return

Corporate bond issuers return

Corporate bond issuers returned to the primary market on Thursday, as the iTraxx Crossover index tightened sharply after more than a week of volatility, buoyed by stronger global equities.
Published 09 Mar, 2007 12:00am
Easing risk aversion knocks yen

Easing risk aversion knocks yen

Easing risk aversion knocked the yen off recent highs versus other major currencies on Thursday, after rate hikes from the European Central Bank and the Reserve Bank of New Zealand shifted the focus back to monetary policy.
Published 09 Mar, 2007 12:00am
Sterling down against dollar

Sterling down against dollar

Sterling fell against the dollar on Thursday after the Bank of England decided to keep interest rates on hold for a second month running at 5.25 percent. While the majority of investors were expecting UK rates to be kept unchanged, a small minority had be
Published 09 Mar, 2007 12:00am
Indian rupee rises versus dollar

Indian rupee rises versus dollar

The Indian rupee shrugged off early losses and rose against the dollar on Thursday, mirroring a rebound in the stock market but traders said further gains might be thwarted by central bank intervention.
Published 09 Mar, 2007 12:00am
Women's Day highlights struggle for equality

Women's Day highlights struggle for equality

Afghanistan's security situation is stifling efforts to improve the lives of women, UN officials said Thursday, as International Women's Day was marked by demands for equality and, in some countries, with flowers.
Published 09 Mar, 2007 12:00am
Indian firm launches cheap kidney drugs

Indian firm launches cheap kidney drugs

India's largest biotechnology firm, Biocon Ltd, on Thursday launched a range of cheap drugs to treat kidney diseases it warned were becoming a silent epidemic in the country.
Published 09 Mar, 2007 12:00am
Lebanon war was pre-planned: Olmert

Lebanon war was pre-planned: Olmert

Israeli Prime Minister Ehud Olmert has testified he launched last year's war against Hezbollah fighters in Lebanon in line with a contingency plan he approved four months before, the Haaretz daily said on Thursday.
Published 09 Mar, 2007 12:00am
Merkel defends EU climate plan

Merkel defends EU climate plan

German Chancellor Angela Merkel urged European Union leaders on Thursday to set the pace on global efforts to tackle climate change with ambitious targets, rejecting concerns from business about the cost.
Published 09 Mar, 2007 12:00am
US House Democrats seek mid-2008 Iraq withdrawal

US House Democrats seek mid-2008 Iraq withdrawal

Democratic leaders in the US House of Representatives on Thursday proposed legislation that would bring American combat troops out of Iraq by August 2008 at the latest.
Published 09 Mar, 2007 12:00am
IAEA governors approve nuclear aid cut to Iran

IAEA governors approve nuclear aid cut to Iran

UN nuclear agency governors on Thursday approved cuts in technical aid to Iran to uphold UN sanctions implemented over concern that Tehran may be trying to master the means to build atom bombs.
Published 09 Mar, 2007 12:00am
Iraq extra troops to stay beyond summer: US

Iraq extra troops to stay beyond summer: US

The new American commander in Iraq said on Thursday military force alone will not end violence without political reconciliation and said US troop reinforcements will probably stay "well beyond the summer".
Published 09 Mar, 2007 12:00am
House fire in New York kills eight children

House fire in New York kills eight children

Eight children and one adult died in a fire that broke out in a multiple-family home in New York City's Bronx borough, fire department officials said Thursday.
Published 09 Mar, 2007 12:00am
Bangladesh slaps ban on political activities

Bangladesh slaps ban on political activities

Bangladesh's military-backed interim government Thursday banned all political activities and warned of "stern action" if the order was flouted. The government had previously banned all street protests, meetings or gatherings when emergency rule was impose
Published 09 Mar, 2007 12:00am
US will not walk away from talks with Iran on Iraq

US will not walk away from talks with Iran on Iraq

The United States sent on Thursday its clearest signal to date that it is open to bilateral talks with Iran and Syria, saying it will not "walk away" if either approaches to discuss stabilising Iraq at a neighbours conference this weekend.
Published 09 Mar, 2007 12:00am
Son of Khaleda Zia arrested

Son of Khaleda Zia arrested

The influential son of Bangladesh's outgoing prime minister was detained early Thursday as the military-backed interim government intensified its anti-graft crackdown, officials said.
Published 09 Mar, 2007 12:00am
Rally in Rome for journalist kidnapped in Afghanistan

Rally in Rome for journalist kidnapped in Afghanistan

Several hundred people rallied in Rome on Thursday to call for the release of Daniele Mastrogiacomo, an Italian journalist abducted this week in Afghanistan and accused of spying. The protest was held in the Campidoglio, Rome's city hall, where a huge pho
Published 09 Mar, 2007 12:00am
UK grants better conditions to old Gurkha soldiers

UK grants better conditions to old Gurkha soldiers

Britain on Thursday bowed to pressure to improve conditions for Nepalese Gurkha soldiers, who have served in the British armed forces for two centuries. But the decision to grant them full pensions and other rights was immediately criticised by groups rep
Published 09 Mar, 2007 12:00am
Taiwan shows force amid tensions with China

Taiwan shows force amid tensions with China

Taiwan on Thursday showed off its special airborne force amid escalating cross-strait tensions stoked by the independence-leaning President Chen Shui-bian's recent provocative remarks. A team of paratroopers displayed their skills by jumping from a US-mad
Published 09 Mar, 2007 12:00am
French election opens up as third man catches leaders

French election opens up as third man catches leaders

France's presidential race opened up Thursday as polls showed centrist candidate Francois Bayrou within an ace of the two front-runners and President Jacques Chirac prepared to announce his retirement from politics.
Published 09 Mar, 2007 12:00am
Bird flu kills 15-year-old girl in Laos

Bird flu kills 15-year-old girl in Laos

A 15-year-old Lao girl has died from bird flu, the country's first confirmed death from the H5N1 virus, the Health Ministry said on Thursday as it stepped up surveillance and public awareness efforts. "Knowledge can save lives," Health Minister Ponmek Dal
Published 09 Mar, 2007 12:00am
It's painful to miss World Cup, says Shoaib

It's painful to miss World Cup, says Shoaib

Disgruntled Pakistan paceman Shoaib Akhtar Thursday said his failure to make it to the World Cup in the Caribbean had caused him great pain. "I am going through hell. I can't describe it in words what it means to miss an event like the World Cup," Akhtar
Published 09 Mar, 2007 12:00am
Gilchrist has no plans to retire after World Cup

Gilchrist has no plans to retire after World Cup

Australia vice-captain Adam Gilchrist returns to action after paternity leave on Friday refreshed, invigorated and with no plans to retire from either test or one-day cricket after the World Cup. Gilchrist missed the 3-0 defeat to New Zealand last month a
Published 09 Mar, 2007 12:00am
Vaughan to field for 20-30 overs against Australia

Vaughan to field for 20-30 overs against Australia

England captain Michael Vaughan will field for 20 or 30 overs in Friday's final World Cup warm-up match with Australia, coach Duncan Fletcher said on Thursday. Vaughan is improving his fitness after knee and hamstring injuries but only fielded for 10 over
Published 09 Mar, 2007 12:00am
Waqar asks Pathan to view old footage to rediscover form

Waqar asks Pathan to view old footage to rediscover form

Former Pakistan pace spearhead Waqar Younis suggested struggling India seamer Irfan Pathan should view his old footage to draw inspiration ahead of next week's World Cup. The 22-year-old left-arm bowler's confidence has been in tatters in recent months an
Published 09 Mar, 2007 12:00am
African police could help 2010 World Cup

African police could help 2010 World Cup

South Africa should consider bringing in police from other parts of Africa to help protect tourists and officials during the 2010 soccer World Cup, an African Union (AU) official said on Thursday.
Published 09 Mar, 2007 12:00am
Hong Kong dollar rebounds

Hong Kong dollar rebounds

The Hong Kong dollar regained some ground on Thursday, lifting from a near two-decade low, as sentiment improved following a rise in Asian equity markets. The domestic currency had firmed to 7.8146 against the US dollar before trading back to 7.8152/54, s
Published 09 Mar, 2007 12:00am
Asian currencies firm

Asian currencies firm

Asian currencies inched up on Thursday as the risk aversion that had hurt global markets in the past week showed further signs of easing, with the Thai baht and Chinese yuan rising to multi-year highs. The baht rose as far as 35.10 per dollar in the onsho
Published 09 Mar, 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. 69.00/69.00 (previous 69.00/69.01). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent).
Published 09 Mar, 2007 12:00am
Dollar dips after Fed report

Dollar dips after Fed report

The dollar fell on Wednesday after a Federal Reserve report showed evidence the US economy is losing steam, two days before the key February payrolls report is due. An anecdotal report on the US economy from the Federal Reserve called the Beige Book showe
Published 09 Mar, 2007 12:00am
Yen extends losses

Yen extends losses

The yen fell on Thursday, giving up initial gains against the dollar as more market players took the view that the Japanese currency's sharp rally in the last week to three-month highs may be running out of steam.
Published 09 Mar, 2007 12:00am
Yuan ends flat

Yuan ends flat

China's yuan relinquished early gains and ended flat on Thursday after hitting a post-revaluation high against the dollar, as the US currency staged a comeback against the yen in the global markets.
Published 09 Mar, 2007 12:00am
Swiss franc ticks down

Swiss franc ticks down

The Swiss franc fell against the euro and the dollar on Thursday ahead of the European Central Bank's rate meeting, where the central bank is expected to raise rates, keeping the rate differential with Switzerland high.
Published 09 Mar, 2007 12:00am