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Oct 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-04-04
Tokyo rubber ends steady

Tokyo rubber ends steady

Tokyo rubber futures were little changed in trades on Tuesday after hitting a one-month closing high the previous day. The benchmark Tokyo Commodity Exchange rubber contract for September delivery was trading at 287.7 yen per kg, up 0.2 percent or 0.6 yen
Published 04 Apr, 2007 12:00am
New York sugar closes at 19-month low

New York sugar closes at 19-month low

Raw sugar futures buckled from speculative and switch-related pressure to end on Monday at a fresh 19-month trough, with follow-through pressure and bearish fundamentals seen depressing the market further, brokers said.
Published 04 Apr, 2007 12:00am
Soya rallies, gains on corn amid acres outlook

Soya rallies, gains on corn amid acres outlook

Soyabean futures at the Chicago Board of Trade rallied on Monday, recovering from a sell-off that started on Friday when corn fell the 20-cent limit on the government's forecast for big 2007 corn plantings, traders said.
Published 04 Apr, 2007 12:00am
SJC reserves judgement on open trial: hearing put off to April 13

SJC reserves judgement on open trial: hearing put off to April 13

The Supreme Judicial Council reserved its judgement about open trial of Presidential Reference against Chief Justice Iftikhar Mohammad Chaudhry after completion of arguments by the two sides here on Tuesday. Justice Iftikhar had filed an application seeki
Published 04 Apr, 2007 12:00am
Vietnam coffee sales slow

Vietnam coffee sales slow

Vietnam's coffee trade has slowed this week as prices eased and stocks became thinner after a brief rally in sales last week when Vietnamese farmers released coffee to cash on domestic price gains, traders said on Tuesday.
Published 04 Apr, 2007 12:00am
SJC reserves judgement on open trial: hearing put off to April 13

SJC reserves judgement on open trial: hearing put off to April 13

The Supreme Judicial Council reserved its judgement about open trial of Presidential Reference against Chief Justice Iftikhar Mohammad Chaudhry after completion of arguments by the two sides here on Tuesday. Justice Iftikhar had filed an application seeki
Published 04 Apr, 2007 12:00am
Malaysian palm oil at new eight-year high

Malaysian palm oil at new eight-year high

Malaysia's crude palm oil futures ended 1.2 percent higher on Tuesday to new eight-year highs, boosted by strong gains in the soyabean oil market. The benchmark third-month June contract on the Bursar Malaysia Derivatives Exchange finished up 25 ringgit,
Published 04 Apr, 2007 12:00am
Clinton launches petition against Bush veto

Clinton launches petition against Bush veto

US Senator Hillary Clinton on Tuesday urged supporters to petition President George W. Bush to drop his threat to veto bills approved in the US Congress that set a date to pull back US forces from Iraq. Clinton, a former US first lady and senator from New
Published 04 Apr, 2007 12:00am
Harry Potter publisher misses wizard's magic

Harry Potter publisher misses wizard's magic

Harry Potter publisher Bloomsbury unveiled a 74 percent drop in 2006 profit on Tuesday and said it was hunting for acquisitions to fill the void left by the boy wizard when his final adventure is released in July.
Published 04 Apr, 2007 12:00am
South Africa 90-3 after 18 overs

South Africa 90-3 after 18 overs

South Africa were 90-3 after 18 overs of their rain-affected World Cup Super Eights match against Ireland at Guyana National Stadium here, on Tuesday chasing 160 to win.
Published 04 Apr, 2007 12:00am
Subject Proficiency Exam

Subject Proficiency Exam

The Pak-Turk International Schools and Colleges Karachi Branches offer Subject Proficiency Exam (SPE) among all schools in Pakistan. If you want to see where you stand in all Pakistan and your own city, come on for the SPE.
Published 04 Apr, 2007 12:00am
South Africa 90-3 after 18 overs

South Africa 90-3 after 18 overs

South Africa were 90-3 after 18 overs of their rain-affected World Cup Super Eights match against Ireland at Guyana National Stadium here, on Tuesday chasing 160 to win.
Published 04 Apr, 2007 12:00am
TNT Post to cut 7,000 jobs

TNT Post to cut 7,000 jobs

Dutch mail company TNT will seek to freeze wages and cut up to 7,000 jobs to help lower costs by 300 million euros ($400 million) as its remaining monopoly is opened to competition next year. The dominant Dutch mail company, whose business is already unde
Published 04 Apr, 2007 12:00am
Lawyers representing government seek security

Lawyers representing government seek security

Panel of lawyers representing the referring Authority before the Supreme Judicial Council (SJC) on Tuesday deplored the extremist attitude of certain protesting lawyers against them and termed it against the concept of independence of legal profession.
Published 04 Apr, 2007 12:00am
TNT Post to cut 7,000 jobs

TNT Post to cut 7,000 jobs

Dutch mail company TNT will seek to freeze wages and cut up to 7,000 jobs to help lower costs by 300 million euros ($400 million) as its remaining monopoly is opened to competition next year. The dominant Dutch mail company, whose business is already unde
Published 04 Apr, 2007 12:00am
Lawyers representing government seek security

Lawyers representing government seek security

Panel of lawyers representing the referring Authority before the Supreme Judicial Council (SJC) on Tuesday deplored the extremist attitude of certain protesting lawyers against them and termed it against the concept of independence of legal profession.
Published 04 Apr, 2007 12:00am
Tensions over Iran have 'spooked' oil prices: Bush

Tensions over Iran have 'spooked' oil prices: Bush

Tensions over Iran have "spooked" global oil prices, US President George W. Bush said on Tuesday. Opec member Iran, the world's fourth biggest oil exporter, is locked in a diplomatic stand-off with the West over its nuclear program.
Published 04 Apr, 2007 12:00am
French train breaks world speed record

French train breaks world speed record

A French TGV train broke a world speed record on Tuesday when it hurtled down a newly built track at 574.8 kilometres per hour (357 mph) in the Champagne region.
Published 04 Apr, 2007 12:00am
US February pending home sales index rises

US February pending home sales index rises

Pending sales of existing US homes rose only narrowly in February as bad weather and weakness in the subprime lending sector put a crimp on the housing market, a real estate agents' trade association said on Tuesday.
Published 04 Apr, 2007 12:00am
Top Russian minister urges boycott of Estonian goods

Top Russian minister urges boycott of Estonian goods

Russian First Deputy Prime Sergei Ivanov on Tuesday urged a boycott of Estonian goods, Interfax news agency reported, escalating a row over Estonia's plans to remove a monument to Soviet soldiers.
Published 04 Apr, 2007 12:00am
Energy helps limit eurozone PPI growth in February

Energy helps limit eurozone PPI growth in February

Slower growth in energy costs helped curb annual price rises at factory gates in the eurozone in February, data showed on Tuesday, but economists said the recent rise in oil prices meant that trend might reverse.
Published 04 Apr, 2007 12:00am
World Bank asks South Asian leaders to adopt bold reforms

World Bank asks South Asian leaders to adopt bold reforms

The World Bank on Tuesday asked South Asian leaders to adopt bold reforms in a bid to increase trade and investment, relieve energy shortages and foster peace in the largely poverty-stricken subcontinent.
Published 04 Apr, 2007 12:00am
UK railways to get $481 billion upgrade

UK railways to get $481 billion upgrade

Britain's railway operator, Network Rail, said on Tuesday it planned to spend 2.44 billion pounds ($4.81 billion) over the next two years on improvements to ease overcrowding on trains.
Published 04 Apr, 2007 12:00am
Seoul's deal with US praised

Seoul's deal with US praised

South Korea's unpopular president basked in rare praise on Tuesday after securing a trade deal with the United States some see as vital if Asia's third largest economy is to become genuinely competitive and grow.
Published 04 Apr, 2007 12:00am
Macquarie buys National Grid wireless for $4.9 billion

Macquarie buys National Grid wireless for $4.9 billion

Australia's Macquarie Bank has agreed to buy the UK broadcast and mobile phone mast business of British energy network operator National Grid Plc for 2.5 billion pounds ($4.9 billion) in cash.
Published 04 Apr, 2007 12:00am
Austria accepts EU order to cut CO2 emissions

Austria accepts EU order to cut CO2 emissions

Austria accepts an EU order to cut its proposed limit on industrial emissions in 2008-2012 by over six percent and will draft plans to do so after the Easter holiday, Environment Minister Josef Proell said on Tuesday.
Published 04 Apr, 2007 12:00am
Apache to step up exploration activity abroad

Apache to step up exploration activity abroad

Apache Corp on Tuesday said it plans to emphasise its international growth this year and will attempt to secure a foothold in Chile, which is opening up a round of bidding for offshore properties.
Published 04 Apr, 2007 12:00am
Pensions row casts shadow over Britain's Brown

Pensions row casts shadow over Britain's Brown

Britain's finance minister Gordon Brown defended on Tuesday changes he made to the pension system in 1997 in an effort to defuse a row that has cast a shadow over his bid to replace Prime Minister Tony Blair.
Published 04 Apr, 2007 12:00am
South Korea refiners lift overall April crude run

South Korea refiners lift overall April crude run

South Korean refiners will slightly lift overall April crude processing rates on margin recovery but they are limiting the volume as they prepare for the peak summer gasoline season, a Reuters survey showed on Tuesday.
Published 04 Apr, 2007 12:00am
Miners and Foundation Coal meet as mine strike looms

Miners and Foundation Coal meet as mine strike looms

Negotiators for Foundation Coal Holdings and the mine workers' union held talks on Tuesday in an attempt to head off a strike at three Foundation mines set for Wednesday. "Negotiations are continuing," said Phil Smith, spokesman for the United Mine Worker
Published 04 Apr, 2007 12:00am
US panel urges repeal of 1930s-era antitrust law

US panel urges repeal of 1930s-era antitrust law

A 1930s-era antitrust law designed to protect small retailers should be repealed, a government-appointed panel of US antitrust experts recommended on Tuesday. The commission, which has been meeting and deliberating for three years, said lawmakers should p
Published 04 Apr, 2007 12:00am
China gas demand seen quadrupling to 200 bcm by 2020

China gas demand seen quadrupling to 200 bcm by 2020

China will need 200 billion cubic metres (bcm) of natural gas a year by 2020, quadruple its current needs, but hopes to produce more than half of it domestically, a senior industry official said on Tuesday.
Published 04 Apr, 2007 12:00am
'Gazprom risks gas shortages'

'Gazprom risks gas shortages'

Russian gas monopoly Gazprom should invest more in upstream capacity development as despite large reserves it could be short of marketable gas in coming years, the head of the International Energy Agency said.
Published 04 Apr, 2007 12:00am
Swedish government to scrap property tax from 2008

Swedish government to scrap property tax from 2008

Sweden's centre-right government said on Tuesday it planned to scrap the country's property tax at the beginning of next year, but replace it with other revenue raising measures. The four coalition parties in Prime Minister Fredrik Reinfeldt's ruling alli
Published 04 Apr, 2007 12:00am
Swedish government to scrap property tax from 2008

Swedish government to scrap property tax from 2008

Sweden's centre-right government said on Tuesday it planned to scrap the country's property tax at the beginning of next year, but replace it with other revenue raising measures. The four coalition parties in Prime Minister Fredrik Reinfeldt's ruling alli
Published 04 Apr, 2007 12:00am
Banks lead Taiwan stocks to 10-week high

Banks lead Taiwan stocks to 10-week high

Taiwan stocks rose 0.61 percent to a 10-week closing high on Tuesday, with banks leading the way amid optimism of improving financial ties with China as Taiwan's parliament speaker gets set to visit the mainland this month.
Published 04 Apr, 2007 12:00am
Malaysian shares rally

Malaysian shares rally

Malaysian share prices closed 0.84 percent higher on Tuesday in line with regional markets as investors bought into oil and gas related stocks, dealers said. A dealer from a local brokerage attributed gains to the strong performance on regional bourses as
Published 04 Apr, 2007 12:00am
Hong Kong stocks hit five-week highs

Hong Kong stocks hit five-week highs

Hong Kong stocks struck fresh five-week highs on Tuesday, rising 1 percent as strong Asian markets buoyed investor confidence, prompting them to buy China Mobile Ltd and other heavyweights.
Published 04 Apr, 2007 12:00am
US shares slightly up

US shares slightly up

US stocks ended slightly higher on Monday as a new round of take-overs led by a $29 billion buyout bid for First Data Corp fuelled optimism about stock valuations, countering worries about the economy and turmoil in the housing market.
Published 04 Apr, 2007 12:00am
Indian shares bounce back 1.36 percent

Indian shares bounce back 1.36 percent

Indian share prices bounced back 1.36 percent on Tuesday on bargain-hunting after posting the sharpest fall in nearly a year, a day earlier, dealers said. They said sentiment remained subdued as investors fear India's central bank could raise interest rat
Published 04 Apr, 2007 12:00am
US Treasury prices stall after mixed US factory data

US Treasury prices stall after mixed US factory data

US Treasury debt prices were static on Monday after a mixed report on the factory sector gave no support to the idea that the Federal Reserve might trim interest rates soon to stimulate economic growth.
Published 04 Apr, 2007 12:00am
US Treasury prices stall after mixed US factory data

US Treasury prices stall after mixed US factory data

US Treasury debt prices were static on Monday after a mixed report on the factory sector gave no support to the idea that the Federal Reserve might trim interest rates soon to stimulate economic growth.
Published 04 Apr, 2007 12:00am
Singapore stocks soar

Singapore stocks soar

Singapore share prices closed 1.3 percent higher on Tuesday, boosted by Wall Street's overnight rise and data showing robust demand for residential properties here, dealers said. The Straits Times Index surged 42.05 points to 3,288.36 on volume of 2.34 bi
Published 04 Apr, 2007 12:00am
Thai share prices jump

Thai share prices jump

Thai share prices closed 1.02 percent higher on Tuesday as sentiment was upbeat in line with gains across the region, and after Thailand signed a free trade agreement with Japan, dealers said.
Published 04 Apr, 2007 12:00am
Jakarta stocks surge 2.44 percent to new high

Jakarta stocks surge 2.44 percent to new high

Indonesian share prices rose 2.44 percent on Tuesday to a record high amid optimism that interest rates will be cut further, dealers said. The Jakarta Stock Exchange composite index closed up 45.192 points at 1,894.576, a fresh closing high following yest
Published 04 Apr, 2007 12:00am
Nikkei recovers 1.3 percent after sell-off

Nikkei recovers 1.3 percent after sell-off

The Nikkei average climbed 1.27 percent on Tuesday as investors returned to shares of Advantest Corp, Honda Motor Co Ltd and other stocks hit in the previous session's sell-off. Tokyo Star Bank Ltd rose after sources told Reuters that US private equity gr
Published 04 Apr, 2007 12:00am
Philippines shares rise

Philippines shares rise

Philippines share prices closed 0.57 percent higher on Tuesday due to follow-through buying in blue chips and select second-liners ahead of the long Easter break, dealers said. They said a fall in benchmark Treasury Bill rates to record lows had further d
Published 04 Apr, 2007 12:00am
Swiss franc weaker

Swiss franc weaker

The Swiss franc was slightly weaker on Tuesday after March inflation data did little to change the view the Swiss National Bank was nearing the end of its tightening cycle. Markets will also be eyeing spring forecasts by the country's leading KOF economic
Published 04 Apr, 2007 12:00am
Yuan rises

Yuan rises

China's yuan rose against the dollar on Tuesday after the central bank set a stronger reference level for yuan trade, in response to a softening of the US currency globally. However, the yuan came well off its intra-day high, suggesting the market was not
Published 04 Apr, 2007 12:00am
Dollar steady

Dollar steady

The dollar held steady against the euro on Tuesday and edged up slightly from a 10-year low against the Australian dollar as investors booked profits after solid gains in higher-yielding currencies.
Published 04 Apr, 2007 12:00am
Dollar steady

Dollar steady

The dollar held steady against the euro and the yen on Monday after a report showed growth in the US manufacturing sector slowed in March but prices paid rose more than expected. The report pointed to tepid growth in factory output and disappointed bulls
Published 04 Apr, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 68.80/68.80 (previous 68.80/68.80). Call Money Rates: 6.50-10.00 percent (previous 6.60-10.00 percent).
Published 04 Apr, 2007 12:00am
Asian currencies: peso and rupiah up

Asian currencies: peso and rupiah up

The Philippine peso gained nearly half a percent and the Indonesian rupiah also rose on Tuesday as traders picked high-yielding currencies against a broadly weak US dollar. Yet, even though investors now seem to think there is little chance of US interest
Published 04 Apr, 2007 12:00am
Hong Kong dollar regains little ground

Hong Kong dollar regains little ground

The Hong Kong dollar nudged higher but held within a narrow range on Tuesday and some dealers expect the currency to remain in range trading ahead of a long holiday starting Thursday. The currency was trading at 7.8146/48 against the US dollar, stronger t
Published 04 Apr, 2007 12:00am
World Cup chief braced for West Indies exit

World Cup chief braced for West Indies exit

World Cup organisers, already reeling from the shock exits of crowd-pullers India and Pakistan, are confident the 2007 tournament will survive the West Indies' expected elimination.
Published 04 Apr, 2007 12:00am
Sharapova pulls out of Fed Cup with injuries

Sharapova pulls out of Fed Cup with injuries

World number two Maria Sharapova has pulled out of Russia's Fed Cup tie against Spain with shoulder and hamstring injuries, preventing her from making her long-awaited debut in the competition.
Published 04 Apr, 2007 12:00am
Indian broadcaster plans to set up professional league

Indian broadcaster plans to set up professional league

A leading Indian broadcast and entertainment group unveiled plans for a professional cricket league on Tuesday. Subhash Chandra, chairman of Essel Group which controls the country's biggest listed media firm Zee Telefilms, told a news conference in New De
Published 04 Apr, 2007 12:00am
Bangladesh look for balance after heavy New Zealand loss

Bangladesh look for balance after heavy New Zealand loss

Heavy defeats against two of the strongest World Cup contenders have left Bangladesh demoralised and confused whether to go for runs or preserve wickets early on. Bangladesh were handed a nine-wicket defeat by New Zealand on Monday after skipper Stephen F
Published 04 Apr, 2007 12:00am
DNA test confirms Ullrich link to Puerto case

DNA test confirms Ullrich link to Puerto case

A DNA analysis has confirmed that certain packs of blood found during the Spanish 'Operation Puerto' anti-doping investigation were from Jan Ullrich, the Bonn state prosecutor's office said on Tuesday.
Published 04 Apr, 2007 12:00am
Pearl murder investigator to assist Jamaica police

Pearl murder investigator to assist Jamaica police

A Pakistani policeman who led the probe into the murder of US reporter Daniel Pearl will travel to Jamaica to help police investigating the death of cricket coach Bob Woolmer, officials said Tuesday.
Published 04 Apr, 2007 12:00am
Armenian mayor survives gun attack, three killed

Armenian mayor survives gun attack, three killed

A senior Armenian politician survived an assassination attempt as he travelled home from a meeting to consider his party's candidate for the vacant post of prime minister, prosecutors said on Tuesday.
Published 04 Apr, 2007 12:00am
Sudan militia killed at least 65 in raid: Chad

Sudan militia killed at least 65 in raid: Chad

At least 65 people were killed in a cross-border raid by Sudanese Janjaweed militia who torched two villages in eastern Chad, driving up to 8,000 civilians from their homes, Chadian authorities said on Tuesday.
Published 04 Apr, 2007 12:00am
Forecasters predict 9 Atlantic hurricanes this year

Forecasters predict 9 Atlantic hurricanes this year

The 2007 Atlantic hurricane season will be far more active than usual with 17 tropical storms, of which nine will grow into hurricanes, a noted US forecasting team founded by William Gray said on Tuesday.
Published 04 Apr, 2007 12:00am
Queen Elizabeth seeks to cut carbon footprint

Queen Elizabeth seeks to cut carbon footprint

Britain's Queen Elizabeth is trying to trim her carbon footprint. With the fight against global warming currently high on the political agenda in Britain, the monarch is reviewing royal households to see how they can save more energy.
Published 04 Apr, 2007 12:00am
Bush success versus al Qaeda breeds long-term worries

Bush success versus al Qaeda breeds long-term worries

President George W. Bush's administration has crippled al Qaeda's ability to carry out major attacks on US soil but at a political and economic cost that could leave the country more vulnerable in years to come, experts say.
Published 04 Apr, 2007 12:00am
African Union can no longer cope alone in Darfur

African Union can no longer cope alone in Darfur

African Union forces can no longer cope with the dangers in Darfur and need the help of UN troops to prevent further "slaughter", a top AU official in Sudan said on Tuesday.
Published 04 Apr, 2007 12:00am
Four US soldiers killed in Iraq

Four US soldiers killed in Iraq

Four US soldiers were killed in combat in Iraq on Monday, the US military said, bringing the US death toll since the invasion to 3,257. Two US soldiers and a Marine were killed in separate attacks in the volatile western Anbar province, the heartland of t
Published 04 Apr, 2007 12:00am
Qatar new Prime Minister sworn in

Qatar new Prime Minister sworn in

Qatari Foreign Minister Sheikh Hamad bin Jassim bin Jabr al-Thani was sworn in as new prime minister on Tuesday in a cabinet reshuffle that retained the energy minister of the US-allied Gulf Arab gas exporter.
Published 04 Apr, 2007 12:00am
Bush sees no swap for British sailors in Iran

Bush sees no swap for British sailors in Iran

President George W. Bush said on Tuesday his administration was consulting with Britain on Iran's seizure of 15 British sailors and marines but that there would be no swap of the Britons for Iranians held in Iraq.
Published 04 Apr, 2007 12:00am
Bush and Democrats clash over Iraq war funding

Bush and Democrats clash over Iraq war funding

President George W. Bush and Democrats in charge of Congress clashed again on Tuesday over funding for the Iraq war with no end likely soon to a defining battle over how long American forces will stay.
Published 04 Apr, 2007 12:00am
Kidnapped Iranian diplomat freed in Iraq

Kidnapped Iranian diplomat freed in Iraq

An Iranian diplomat who was kidnapped in Iraq two months ago was released on Tuesday and has arrived back in Iran, Iran's official IRNA news agency reported. Gunmen in Iraqi army uniforms kidnapped the diplomat, Jalal Sharafi, in February and Tehran blame
Published 04 Apr, 2007 12:00am
Children in India cheaper than buffaloes

Children in India cheaper than buffaloes

Traffickers are selling children in India for amounts that are often lower than the cost of animals and most of them end up working as labourers or commercial sex workers, activists said on Tuesday.
Published 04 Apr, 2007 12:00am
Nigerian courts deepen electoral confusion

Nigerian courts deepen electoral confusion

Nigerian courts deepened the confusion surrounding this month's elections on Tuesday by delivering two apparently conflicting judgements on whether Vice President Atiku Abubakar can run for president.
Published 04 Apr, 2007 12:00am
Bangladesh calls for action on environment

Bangladesh calls for action on environment

South Asian leaders must act immediately against the threat of rising sea levels and river salinity due to global warming, which endangers millions of poor people in the region, a top Bangladesh official said on Tuesday.
Published 04 Apr, 2007 12:00am
Strong quake hits northeast Afghanistan

Strong quake hits northeast Afghanistan

A powerful earthquake hit northeast Afghanistan Tuesday, rocking neighbouring Pakistan and India and sending people running into the open in panic across the mountainous, quake-prone area.
Published 04 Apr, 2007 12:00am
Sri Lankan troops kill 23 Tigers

Sri Lankan troops kill 23 Tigers

Sri Lankan troops killed 23 Tamil Tigers in clashes in the east overnight and overran four rebel bases, the military said on Tuesday, as the island's president called for a South Asian anti-terrorism drive.
Published 04 Apr, 2007 12:00am
16 killed in new Afghan unrest

16 killed in new Afghan unrest

Afghan and foreign troops killed at least 10 militants in southern Afghanistan early Tuesday as two more rebels, a policeman and three nomads were reported killed in other attacks.
Published 04 Apr, 2007 12:00am
US could strike Iran but not win: Russian general

US could strike Iran but not win: Russian general

The United States cannot inflict a military defeat on Iran and any attack would be a huge political mistake, Russia's top general said on Tuesday. "It is possible to damage Iran's military and industrial potential, but it is impossible to win," Russian ne
Published 04 Apr, 2007 12:00am
Indian rupee in sight of seven-year peak

Indian rupee in sight of seven-year peak

The Indian rupee charged towards a fresh seven-year high on Tuesday after banks sold dollars to take advantage of firm overnight cash rates, but its path was blocked by suspected central bank intervention, traders said.
Published 04 Apr, 2007 12:00am
Sterling touches 2-1/2 month peak

Sterling touches 2-1/2 month peak

Sterling hit a one-month high versus the euro and a 2-1/2 month peak against the dollar on Tuesday, supported by growing expectations that the Bank of England could raise interest rates as soon as this week.
Published 04 Apr, 2007 12:00am
Yen hits five-week low in London

Yen hits five-week low in London

The yen fell to a five-week low against the euro and a one-month trough versus the dollar on Tuesday as improving risk appetite on the back of firmer stocks prompted investors to chase high-yielding currencies.
Published 04 Apr, 2007 12:00am
Bonds: Continental volatile as merger talk quashed

Bonds: Continental volatile as merger talk quashed

Bid talk around Continental pushed its cost of default protection higher on Tuesday, before excitement faded when the German tyre and auto parts maker said it was not aware of any offer.
Published 04 Apr, 2007 12:00am
Bonds: Continental volatile as merger talk quashed

Bonds: Continental volatile as merger talk quashed

Bid talk around Continental pushed its cost of default protection higher on Tuesday, before excitement faded when the German tyre and auto parts maker said it was not aware of any offer.
Published 04 Apr, 2007 12:00am
Chinese stock keeps all-time high mark

Chinese stock keeps all-time high mark

Chinese main stock index rose 1.19 percent on Tuesday to a new all-time closing high, as many blue chips remained in demand, though a steel sector rally ignited by Baosteel's earnings faded.
Published 04 Apr, 2007 12:00am
FTSE rises on miners and M&A

FTSE rises on miners and M&A

The FTSE 100 index of Britain's leading shares ended 0.8 percent higher on Tuesday, as rising base metal prices boosted mining stocks and M&A activity supported the index ahead of a two-day Bank of England meeting on interest rates.
Published 04 Apr, 2007 12:00am
Outline deal on EU aluminium duty agreed

Outline deal on EU aluminium duty agreed

A long-running row within the European Union over how to cut import tariffs on unwrought aluminium appeared resolved on Tuesday when experts from member states agreed on a compromise, an EU diplomat said. "We have agreed to reduce the duties," the diploma
Published 04 Apr, 2007 12:00am
Options may keep NYBOT floor trading alive

Options may keep NYBOT floor trading alive

A noisy system where traders scream "buy" and "sell" orders at the New York Board of Trade should be able to withstand the onslaught of electronic dealings as long as the traditional trading of options holds. "The pit will still be there as long as we hav
Published 04 Apr, 2007 12:00am
Oil declines nearly 2 percent

Oil declines nearly 2 percent

US oil fell nearly 2 percent on Tuesday after Britain and Iran said they were willing to use diplomacy to end their standoff over 15 British sailors and marines seized in the Gulf. US crude settled down $1.30 at $64.64 a barrel.
Published 04 Apr, 2007 12:00am
High wheat prices will limit Indian imports

High wheat prices will limit Indian imports

Private Indian firms are unlikely to gain from a decision to extend the window for duty-free wheat imports as global prices are too high, a senior industry official said on Tuesday.
Published 04 Apr, 2007 12:00am
New York cotton futures end easier

New York cotton futures end easier

Cotton futures ended slightly easier Tuesday on speculative sales but the market is pinned in a tight band as players turn their attention to spring planting conditions in the US cotton belt, brokers said. The New York Board of Trade's May cotton contract
Published 04 Apr, 2007 12:00am
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