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Print - 2007-04-11
ECO states vow to carry on sell-off process

ECO states vow to carry on sell-off process

The Economic Cooperation Organisation (ECO) countries on Tuesday affirmed their commitment to carry on privatisation process, saying the time was ripe for the governments to walk out of business and other commercial activities and take the role of policy-
Published 11 Apr, 2007 12:00am
Bullion rates

Bullion rates

The bullion prices in major markets of the country on Tuesday.

Published 11 Apr, 2007 12:00am
ECO states vow to carry on sell-off process

ECO states vow to carry on sell-off process

The Economic Cooperation Organisation (ECO) countries on Tuesday affirmed their commitment to carry on privatisation process, saying the time was ripe for the governments to walk out of business and other commercial activities and take the role of policy-
Published 11 Apr, 2007 12:00am
Bullion rates

Bullion rates

The bullion prices in major markets of the country on Tuesday.

Published 11 Apr, 2007 12:00am
ECO states vow to carry on sell-off process

ECO states vow to carry on sell-off process

The Economic Cooperation Organisation (ECO) countries on Tuesday affirmed their commitment to carry on privatisation process, saying the time was ripe for the governments to walk out of business and other commercial activities and take the role of policy-
Published 11 Apr, 2007 12:00am
Trade deficit swells to $9.985 billion

Trade deficit swells to $9.985 billion

The country''s trade deficit further widened by 15.1 percent to $9.985 billion during the first nine months (July-March) of the current fiscal year as compared to $8.674 billion during the same period of the last financial year.
Published 11 Apr, 2007 12:00am
The only club in Pakistan with 100 facilities

The only club in Pakistan with 100 facilities

Established since 1996 Dreamworld is 100% equity based blue chip company listed on KSE. Dreamworld Family Resort the largest club in Pakistan qualified for the quality award in 2002, the International Excellence award in 2003 and 2004.
Published 11 Apr, 2007 12:00am
Trade deficit swells to $9.985 billion

Trade deficit swells to $9.985 billion

The country's trade deficit further widened by 15.1 percent to $9.985 billion during the first nine months (July-March) of the current fiscal year as compared to $8.674 billion during the same period of the last financial year.
Published 11 Apr, 2007 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Tuesday, but premiums jumped about 28 percent on a tight prompt market. Prices for 380-centistoke (cst) bunker fuel were pegged at $330-332 a tonne, and its differential to fuel oil were at $4.50, up $1.00 from the previous
Published 11 Apr, 2007 12:00am
Trade deficit swells to $9.985 billion

Trade deficit swells to $9.985 billion

The country's trade deficit further widened by 15.1 percent to $9.985 billion during the first nine months (July-March) of the current fiscal year as compared to $8.674 billion during the same period of the last financial year.
Published 11 Apr, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 96,358 tonnes cargo including 57,894 tonnes import, 38,464` tonnes export cargo and 4,629 containers during last 24 hours ending at 0700 hours on Tuesday.
Published 11 Apr, 2007 12:00am
Global soyabean supply deficit may loom: Oil World

Global soyabean supply deficit may loom: Oil World

A global soyabean supply deficit is possible in 2007/08 with Brazil and Argentina unable to compensate for lost supplies as US farmers switch to corn cultivation for biofuels, Hamburg-based oilseeds analyst Oil World said in a report.
Published 11 Apr, 2007 12:00am
President gives special remission in sentences on Eid Milad

President gives special remission in sentences on Eid Milad

The President has granted special remission in sentences on the occasion of Eid Milad-un-Nabi which includes total remission for old women above age 60 and juvenile under 18, who were not involved in heinous crimes and have completed 1/3rd of their substa
Published 11 Apr, 2007 12:00am
China to import more soyabeans, soyaoil

China to import more soyabeans, soyaoil

China is set to import more soyabeans and soyaoil as its farmers switch to grain production, Hamburg-based oilseed analysts Oil World said in a report. China's farmers were likely to cut soyabean plantings for 2007 to 8.6 million hectares from 9.1 million
Published 11 Apr, 2007 12:00am
Registered units may monitor GST data on CBR website

Registered units may monitor GST data on CBR website

The Central Board of Revenue (CBR) will empower the general sales tax (GST) payers to monitor processing of their returns, tax liability, status of refund, reasons of delay and other GST related issues through a web-based online facility.
Published 11 Apr, 2007 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

US Plains hard red winter wheat basis bids were steady on Tuesday amid sluggish country movement and continued chatter about last weekend's freeze event. Speculation over the extent of any freeze damage on new-crop HRW wheat was tempered, however, with ma
Published 11 Apr, 2007 12:00am
Registered units may monitor GST data on CBR website

Registered units may monitor GST data on CBR website

The Central Board of Revenue (CBR) will empower the general sales tax (GST) payers to monitor processing of their returns, tax liability, status of refund, reasons of delay and other GST related issues through a web-based online facility.
Published 11 Apr, 2007 12:00am
US Midwest corn falls, soyabean mostly steady

US Midwest corn falls, soyabean mostly steady

Spot basis bids for corn fell slightly at railroad locations around the US Midwest on Monday due to abundant supplies but were steady at most other interior locations, grain dealers said. Cash bids for soyabeans were mostly steady at interior processors a
Published 11 Apr, 2007 12:00am
Registered units may monitor GST data on CBR website

Registered units may monitor GST data on CBR website

The Central Board of Revenue (CBR) will empower the general sales tax (GST) payers to monitor processing of their returns, tax liability, status of refund, reasons of delay and other GST related issues through a web-based online facility.
Published 11 Apr, 2007 12:00am
Ivorian cocoa arrivals seen down

Ivorian cocoa arrivals seen down

Cocoa arrivals at ports in Ivory Coast reached around 912,000 tonnes between October 1 and April 8, exporters estimated on Tuesday, down from 927,673 tonnes the previous season.
Published 11 Apr, 2007 12:00am
Pakistan committed to peace in region: Prime Minister

Pakistan committed to peace in region: Prime Minister

Prime Minister Shaukat Aziz said here on Tuesday that Pakistan is fully committed to promoting peace and stability in the region, and the world at large, and vowed that it does not harbour aggressive designs against any country.
Published 11 Apr, 2007 12:00am
CBOT corn ends mixed

CBOT corn ends mixed

Corn futures at the Chicago Board of Trade closed mixed on Monday in a volatile weather market with nearby May swinging in a nearly 25-cent-per-bushel price range, traders said.
Published 11 Apr, 2007 12:00am
Bird flu outbreak: directives issued for proper surveillance

Bird flu outbreak: directives issued for proper surveillance

Following reported new bird flu (H5N1) cases in poultry farms in Sindh and the NWFP, the federal government has asked all the provincial governments to put in place proper surveillance system at provincial and district levels to deal with the situation.
Published 11 Apr, 2007 12:00am
CBOT wheat futures up

CBOT wheat futures up

Wheat futures at the Chicago Board of Trade ended modestly higher on Monday after a wild session in which nearby contracts rose their daily trading limit of 30 cents a bushel before retreating and briefly trading lower near the close.
Published 11 Apr, 2007 12:00am
Players get chance to challenge umpires

Players get chance to challenge umpires

The England and Wales Cricket Board (ECB) announced Tuesday they are running a trial that will allow players to challenge decisions made by umpires in the Friends Provident Trophy limited-overs tournament. The trial is being conducted in conjunction with
Published 11 Apr, 2007 12:00am
Oil cake market rates

Oil cake market rates

Easier trend was witnessed on the cotton market on Tuesday as buyers still on the sidelines to see prices to come down at their psychological level, dealers said. The May vaida was unchanged at Rs 664.00 and that proved to be day's best at the same level.
Published 11 Apr, 2007 12:00am
Ojhri blast victims remembered

Ojhri blast victims remembered

Many people in Islamabad-Rawalpindi remembered their loved near and dear ones who died in the Ojhri ammunition dump blast on this day in 1988 during the rule of military dictator General Ziaul Haq, reports UPP correspondent.
Published 11 Apr, 2007 12:00am
Cotton prices remain rangebound

Cotton prices remain rangebound

A few deals struck on the cotton market on Tuesday at the seasonal peak level due to short supply position, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2725, without upcountry expenses. In the ready business d
Published 11 Apr, 2007 12:00am
Boy killed in accident

Boy killed in accident

A 18-year boy, Nasir on Tuesday morning was killed in a severe accident of a speedy van of local biscuit factory while he was riding a bicycle along with his brother. His brother was sustained serious injuries. Separately, another student Naveed Ahmed was
Published 11 Apr, 2007 12:00am
Rates almost stay put on grain market

Rates almost stay put on grain market

Firmness prevailed in the grain and seed markets on Tuesday in the process of balanced demand and supplly from upcountry centres, dealers said. On the cereal side wheat Mexipak old and new were marginally lower quoted at Rs 1130 and Rs 1145. Other items m
Published 11 Apr, 2007 12:00am
South Africa win

South Africa win

South Africa beat West Indies by 67 runs in their Super Eights match here on Tuesday. Scores: South Africa 356 for 4; West Indies 289/9 in 50 overs. South African AB de Villiers hammered 146.
Published 11 Apr, 2007 12:00am
South Africa win

South Africa win

South Africa beat West Indies by 67 runs in their Super Eights match here on Tuesday. Scores: South Africa 356 for 4; West Indies 289/9 in 50 overs. South African AB de Villiers hammered 146.
Published 11 Apr, 2007 12:00am
MGE spring wheat ends mostly up

MGE spring wheat ends mostly up

Hard red spring wheat futures on the Minneapolis Grain Exchange ended mostly higher on Monday with the market influenced by gains in the Chicago and Kansas City winter wheat futures, traders said. MGE wheat closed 7 cents higher to 1-1/2 lower, with May d
Published 11 Apr, 2007 12:00am
IT industry worth $2 billion now, says Shaukat

IT industry worth $2 billion now, says Shaukat

Prime Minister Shaukat Aziz on Tuesday said that Information Technology (IT) industry, which was virtually non-existent seven years ago, has grown to be worth US $2 billion of which US $1 billion is export related.
Published 11 Apr, 2007 12:00am
New York cocoa slips

New York cocoa slips

US cocoa futures closed lower on Monday, pressured by weaker sterling and as players rolled positions out of May into July, keeping prices below the nearly four-year peak scaled in late March, traders said.
Published 11 Apr, 2007 12:00am
IT industry worth $2 billion now, says Shaukat

IT industry worth $2 billion now, says Shaukat

Prime Minister Shaukat Aziz on Tuesday said that Information Technology (IT) industry, which was virtually non-existent seven years ago, has grown to be worth US $2 billion of which US $1 billion is export related.
Published 11 Apr, 2007 12:00am
Asian physical rubber prices slide

Asian physical rubber prices slide

Asian physical rubber prices slid on Tuesday, tracking the fall of futures contracts on the Tokyo Commodity Exchange. Physical trade was more active than on Monday, with some users buying Thai RSS3 and Indonesia SIR20 through Singapore-based dealers, trad
Published 11 Apr, 2007 12:00am
IT industry worth $2 billion now, says Shaukat

IT industry worth $2 billion now, says Shaukat

Prime Minister Shaukat Aziz on Tuesday said that Information Technology (IT) industry, which was virtually non-existent seven years ago, has grown to be worth US $2 billion of which US $1 billion is export related.
Published 11 Apr, 2007 12:00am
New York coffee falls

New York coffee falls

US arabica coffee futures finished lower on Monday on momentum selling and position rolling out of the May contract into July by funds, traders said. "You had a little bit of pressure because of a high export figure out of Brazil," one trader said about t
Published 11 Apr, 2007 12:00am
Cabinet may approve plan to redraw constituencies today

Cabinet may approve plan to redraw constituencies today

The federal cabinet, which is scheduled to meet on April 11 (today) with Prime Minister Shaukat Aziz in the chair, is likely to approve 'constituencies redrawing plan' apparently to 'facilitate' ruling party candidates in general elections, well-placed so
Published 11 Apr, 2007 12:00am
Italy's Lavazza bets on foreign expansion

Italy's Lavazza bets on foreign expansion

Leading Italian coffee roaster Lavazza aims to expand abroad to sustain growth, riding a wave of increasing coffee consumption in nascent markets while its domestic market stagnates, its senior managers said.
Published 11 Apr, 2007 12:00am
Cabinet may approve plan to redraw constituencies today

Cabinet may approve plan to redraw constituencies today

The federal cabinet, which is scheduled to meet on April 11 (today) with Prime Minister Shaukat Aziz in the chair, is likely to approve 'constituencies redrawing plan' apparently to 'facilitate' ruling party candidates in general elections, well-placed so
Published 11 Apr, 2007 12:00am
Asian fuel oil: cracks improve on supply concerns

Asian fuel oil: cracks improve on supply concerns

Asian fuel oil prices were weighed down by aggressive offers by Western trader Glencore and sliding crude levels, but the cracks improved, signalling concerns over medium-term supply tightness. Glencore sold three cargoes totalling 60,000 tonnes of 380-cs
Published 11 Apr, 2007 12:00am
Russian Prime Minister''s visit to open huge business avenues

Russian Prime Minister''s visit to open huge business avenues

Russian Prime Minister Mikhail Fradkov''s two-day visit beginning today (Wednesday) will open many business avenues for companies of the two countries besides making significant progress in bilateral relations.
Published 11 Apr, 2007 12:00am
Thai Oil says 2007 profit may be hit by shutdown

Thai Oil says 2007 profit may be hit by shutdown

Thai Oil PCL, the country's top oil refiner, said on Tuesday its 2007 profit might be affected by a planned 2-month shutdown from the middle of October. "We are not confident our profit this year will be higher than last year because we will shut down our
Published 11 Apr, 2007 12:00am
Russian Prime Minister's visit to open huge business avenues

Russian Prime Minister's visit to open huge business avenues

Russian Prime Minister Mikhail Fradkov's two-day visit beginning today (Wednesday) will open many business avenues for companies of the two countries besides making significant progress in bilateral relations.
Published 11 Apr, 2007 12:00am
Thai Oil says 2007 profit may be hit by shutdown

Thai Oil says 2007 profit may be hit by shutdown

Thai Oil PCL, the country's top oil refiner, said on Tuesday its 2007 profit might be affected by a planned 2-month shutdown from the middle of October. "We are not confident our profit this year will be higher than last year because we will shut down our
Published 11 Apr, 2007 12:00am
Russian Prime Minister's visit to open huge business avenues

Russian Prime Minister's visit to open huge business avenues

Russian Prime Minister Mikhail Fradkov's two-day visit beginning today (Wednesday) will open many business avenues for companies of the two countries besides making significant progress in bilateral relations.
Published 11 Apr, 2007 12:00am
Asian naphtha prices down

Asian naphtha prices down

Asian naphtha prices fell on Tuesday due to an extended decline in crude prices, while the inter-month backwardation widened slightly with naphtha demand expected to increase in months ahead.
Published 11 Apr, 2007 12:00am
Tate & Lyle in sweetener dispute with Chinese firms

Tate & Lyle in sweetener dispute with Chinese firms

Britain's Tate & Lyle said on Tuesday it had filed a case in the United States against three Chinese firms alleging infringement of its patents covering the manufacture of zero-calorie sweetener Sucralose.
Published 11 Apr, 2007 12:00am
China March soyabean imports fall, corn exports done

China March soyabean imports fall, corn exports done

China's soyabean imports stood at 2.11 million tonnes in March, down 18.8 percent from a year, according to official customs figures. March arrivals were higher than imports of 1.176 million tonnes in February, when many crushers suspended operations for
Published 11 Apr, 2007 12:00am
US copper scales six-month peak

US copper scales six-month peak

The price of copper charged to a six-month high above $3.50 a lb in futures trading on Monday, extending a two-month rally that showed little signs of slowing, analysts said.
Published 11 Apr, 2007 12:00am
US gold turns to end down

US gold turns to end down

US gold futures erased gains to finish lower on Monday, as sharply lower crude oil prices and a higher dollar offset light buying triggered by a strong US jobs report last on Friday. Most-active gold futures for June delivery on the Comex division of the
Published 11 Apr, 2007 12:00am
Gold hits one-month high

Gold hits one-month high

Japanese gold futures advanced to a fresh one-month high above 2,600 yen a gram on Tuesday as healthy Technicals and surges in industrial metal prices, including copper, prompted active buying by investment funds.
Published 11 Apr, 2007 12:00am
Asian gold gains after oil rebound

Asian gold gains after oil rebound

Gold rose on Tuesday, the first day of trade in many markets following public holidays, supported by a rebound in oil prices and by investors in Australia buoyed by new-found clout in currency markets against a weaker US dollar.
Published 11 Apr, 2007 12:00am
Indonesia raises palm oil base export prices

Indonesia raises palm oil base export prices

Indonesia has raised base export prices for palm oil products to bring them in line with international levels, the trade ministry said in a statement on Tuesday. The new prices will be applied from April 10 to May 9.
Published 11 Apr, 2007 12:00am
Shanghai copper up five percent

Shanghai copper up five percent

London metals futures gained sharply on Tuesday when trade restarted after a four-day weekend, while Shanghai copper futures jumped by their 5 percent daily limit. London Metal Exchange nickel and lead both hit record highs and zinc charged nearly 7 perce
Published 11 Apr, 2007 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin rose 1.9 percent on Tuesday, boosted partly by a shortage in supply of the metal, one dealer said.
Published 11 Apr, 2007 12:00am
Oil edges up

Oil edges up

Oil edged up towards $62 a barrel on Tuesday, halting a steep sell-off after Iran's release of British military personnel as traders fretted over Iran's nuclear programme and US gasoline supplies. US crude gained 32 cents to $61.83 a barrel, after plungin
Published 11 Apr, 2007 12:00am
Indian sugar futures close mixed

Indian sugar futures close mixed

Indian sugar futures were mixed on Tuesday due to a delay in announcing details of a scheme to subsidise exports and record output forecasts. Soyoil fell due to a downward technical correction after a period when markets were bullish.
Published 11 Apr, 2007 12:00am
New York sugar ends near day's high

New York sugar ends near day's high

Raw sugar futures closed up and near session highs on Monday on trade buying after the Easter break as investors looked toward increased switch trade from players moving positions out of the spot contract, brokers said. The sugar market was shut Good Frid
Published 11 Apr, 2007 12:00am
Soyabeans dive as corn and wheat fade late

Soyabeans dive as corn and wheat fade late

Soyabean futures at the Chicago Board of Trade closed lower on Monday amid technical weakness, reaching their lows late as corn and wheat faded, traders said. "Crude oil also came under a lot of pressure from the roll and it hurt the soya complex," one CB
Published 11 Apr, 2007 12:00am
CBOT rice lower

CBOT rice lower

Chicago Board of Trade rice futures closed lower on Monday after a round of sell-stop orders were hit, traders said. Prices drifted lower the remainder of the day, reaching the lows late.
Published 11 Apr, 2007 12:00am
Tokyo rubber ends mixed

Tokyo rubber ends mixed

Tokyo rubber futures ended mixed on Tuesday as day-traders cashed in profit but fresh buying supported prices. The benchmark rubber contract on the Tokyo Commodity Exchange for September delivery settled unchanged at 287.5 yen ($2.41) per kg.
Published 11 Apr, 2007 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian crude palm oil futures closed almost one percent higher on Tuesday at new eight-year highs as strong exports and a decline in reserves boosted the market.
Published 11 Apr, 2007 12:00am
Shanghai to expand 'maglev' route for World Expo

Shanghai to expand 'maglev' route for World Expo

China will expand its high-speed magnetic levitation train, the world's only "maglev" train in commercial use, to the site of the World Expo 2010, a state-run Web site said on Tuesday. Launched in 2003 using German technology, the maglev floats for 30 km
Published 11 Apr, 2007 12:00am
India temporarily blocks EU drink trade row at WTO

India temporarily blocks EU drink trade row at WTO

India used its right on Tuesday under global trade rules temporarily to block a request by the European Union for a WTO investigation into its tariffs on wine and spirits, which Brussels says are too high.
Published 11 Apr, 2007 12:00am
Suzlon raises bid for REpower to 1.22 billion euros

Suzlon raises bid for REpower to 1.22 billion euros

The battle for German wind turbine maker REpower hotted up Tuesday with the announcement that India's Suzlon Energy, the fifth-largest wind energy firm in the world, had raised its offer for the company to 1.22 billion euros (1.6 billion dollars).
Published 11 Apr, 2007 12:00am
Russia TMK, Interpipe in merger talks

Russia TMK, Interpipe in merger talks

Russia's TMK, the world's third-largest steel pipe maker by market capitalisation, is in merger talks with Ukraine's No 1 producer Interpipe, market sources close to the negotiations said on Tuesday. TMK, which raised over $1 billion at a London listing l
Published 11 Apr, 2007 12:00am
Wolfowitz accepts responsibility for promotion

Wolfowitz accepts responsibility for promotion

World Bank President Paul Wolfowitz said on Monday he accepted full responsibility for the promotion of a staffer with whom he is romantically involved. The bank's staff association last week questioned Shaha Riza's promotion and pay increases, and the ba
Published 11 Apr, 2007 12:00am
Trade players meet to salvage Doha talks

Trade players meet to salvage Doha talks

India, the United States and other main trading powers assemble here Wednesday to try to salvage global trade talks aimed at lifting millions out of poverty. But hopes are slim a breakthrough will emerge from the discussions among the G-4 group - the Euro
Published 11 Apr, 2007 12:00am
American Airlines seeks more female flyers

American Airlines seeks more female flyers

American Airlines, the world's largest airline, says it can boost revenue by $94 million a year by tailoring some of its services to the growing number of women travellers. The airline, a unit of AMR Corp, this week unveiled a version of its Web site for
Published 11 Apr, 2007 12:00am
Elderly Russians demand increase in pensions

Elderly Russians demand increase in pensions

Thousands of elderly Russians protested across the country on Tuesday to demand a big increase in government pensions which they say are too low to live off. They complain the state's fixed pensions have failed to keep pace with Russia's oil-fuelled near
Published 11 Apr, 2007 12:00am
IMF maintains global economy growth forecast at 4.9 percent

IMF maintains global economy growth forecast at 4.9 percent

The International Monetary Fund is set to stick to its growth forecast of 4.9 percent for the world economy this year, sources close to the German government said on Tuesday. The IMF is scheduled to publish its annual spring report on Wednesday, which con
Published 11 Apr, 2007 12:00am
China's seas a rising force for economy

China's seas a rising force for economy

China's seas are becoming an increasingly important sector of the nation's economy, making up over 10 percent of gross domestic product, according to a report in the state-run press on Tuesday.
Published 11 Apr, 2007 12:00am
Japan seeks energy from Kazakhstan

Japan seeks energy from Kazakhstan

Japan will send a large delegation to Kazakhstan from April 29-30 to secure uranium and other energy supplies, a government official said Tuesday. The delegation would contain some 100 government officials and corporate executives led by Minister of Econo
Published 11 Apr, 2007 12:00am
Palestinian finance minister seeks funds abroad

Palestinian finance minister seeks funds abroad

The Palestinian Authority is operating on a quarter of the funds it needs to finance its activities, Finance Minister Salam Fayyad said on Tuesday before embarking on a trip abroad to drum up aid.
Published 11 Apr, 2007 12:00am
US files WTO piracy cases against China

US files WTO piracy cases against China

The United States took action on Tuesday at the World Trade Organisation against Beijing for piracy and blocking access for US films, books and software. Charging that China was breaking its 2001 WTO entry agreement, Washington sought consultations with B
Published 11 Apr, 2007 12:00am
Sainsbury family sinks $20 billion bid hopes

Sainsbury family sinks $20 billion bid hopes

Private equity firm CVC was battling to keep its bid for Britain's J. Sainsbury afloat on Tuesday, after its bidding partners pulled out and the food retailer's founding family rejected an improved 10.1 billion pound ($19.9 billion) offer, sources close t
Published 11 Apr, 2007 12:00am
Kremlin aide slams US over Cold War trade limit

Kremlin aide slams US over Cold War trade limit

The United States is living in the past by failing to repeal a Cold War measure that links trade with Russia to human rights, a senior Kremlin aide said on Tuesday. The Jackson-Vanik amendment, adopted in the 1970s, put curbs on US trade with the Soviet U
Published 11 Apr, 2007 12:00am
German import surge curbs trade support for growth

German import surge curbs trade support for growth

Germany's trade surplus narrowed more than expected in February due to a surge in imports, suggesting that foreign demand was unlikely to have boosted economic growth significantly in the first quarter.
Published 11 Apr, 2007 12:00am
US automakers challenge Vermont emissions law

US automakers challenge Vermont emissions law

The US auto industry challenges Vermont in court on Tuesday, trying to block efforts by 10 states adopting stricter limits on vehicle emissions of carbon dioxide, a main greenhouse gas.
Published 11 Apr, 2007 12:00am
New Zealand shares dip

New Zealand shares dip

New Zealand share prices closed 0.10 percent lower on Tuesday in lacklustre trade following the Easter break, dealers said. The benchmark NZX-50 gross index fell 4.23 points to 4,180.47 on light turnover worth 98.1 million dollars (71.1 million US).
Published 11 Apr, 2007 12:00am
Philippines shares rise

Philippines shares rise

Philippines share prices closed 0.31 percent higher on Tuesday on follow-through buying and bargain-hunting among second-liners, dealers said. They said momentum was likely to be sustained this week on expectations of stronger corporate results, after the
Published 11 Apr, 2007 12:00am
Taiwan stocks end off 6-1/2-year high

Taiwan stocks end off 6-1/2-year high

Taiwan shares fell 0.10 percent on Tuesday, taking a break after hitting a 6-1/2-year high, as losses in tech heavyweights such as TSMC offset gains in smaller cyclical firms that are riding on a demand boom.
Published 11 Apr, 2007 12:00am
Hong Kong shares at six-week high

Hong Kong shares at six-week high

Hong Kong stocks rose 0.68 percent to a six-week closing high on Tuesday, with Sinopec Corp jumping after Asia's top refiner posted forecast-beating earnings and flagged an upbeat first quarter.
Published 11 Apr, 2007 12:00am
US indexes finish slightly changed

US indexes finish slightly changed

US stocks closed flat on Monday as news that billionaire investor Warren Buffett had bought stakes in the railroad sector and strong jobs data offset worries about earnings and subprime loans. The transport sector rallied after Buffett acquired a stake in
Published 11 Apr, 2007 12:00am
Malaysian shares close at 13-year high

Malaysian shares close at 13-year high

Malaysian share prices closed 0.61 percent higher on Tuesday, with property and plantation firms leading gains to push the key index to a 13-year high, dealers said. They said lower liners succumbed to profit-taking after Monday's gains.
Published 11 Apr, 2007 12:00am
US government bond prices end flat

US government bond prices end flat

US government bond prices were little changed on Monday, with yields hovering at the high end of their recent range after the previous session's data-led sell-off, which was the steepest in more than three months.
Published 11 Apr, 2007 12:00am
US government bond prices end flat

US government bond prices end flat

US government bond prices were little changed on Monday, with yields hovering at the high end of their recent range after the previous session's data-led sell-off, which was the steepest in more than three months.
Published 11 Apr, 2007 12:00am
Seoul stocks sag from record

Seoul stocks sag from record

Seoul shares dropped 0.1 percent on Tuesday, erasing gains after earlier edging up to their fifth consecutive record, as LG.Philips LCD and other blue chips reporting earnings results this week fell.
Published 11 Apr, 2007 12:00am
Jakarta shares surge

Jakarta shares surge

Indonesian share prices closed up 0.61 percent on Tuesday at a fresh record high, helped by a rally in miners, dealers said. The Jakarta Stock Exchange composite index closed up 11.736 points to a new high of 1,925.471 on volume of 2.41 billion shares wor
Published 11 Apr, 2007 12:00am
Thai stock prices rally

Thai stock prices rally

Thai share prices closed 0.14 percent higher on Tuesday but the broader market was kept in check ahead of the central bank's meeting amid rising hopes for an interest rate cut, dealers said. They said trading was thin as domestic investors were absent fro
Published 11 Apr, 2007 12:00am
Singapore shares close at new record high

Singapore shares close at new record high

Singapore share prices continued their record-breaking run, hitting a new all-time high on Tuesday after the government said the economy grew a strong 6.0 percent in the first quarter, dealers said. The Straits Times Index (STI) rose 22.62 points or 0.67
Published 11 Apr, 2007 12:00am
Indian shares jump

Indian shares jump

Indian share prices edged higher on Tuesday to post a fifth straight day of gains amid caution ahead of the earnings season, dealers said. They said investors were looking to the earnings seasons for the January-March quarter, which kicks off with softwar
Published 11 Apr, 2007 12:00am
Chinese stocks up 1.33 percent

Chinese stocks up 1.33 percent

China's main stock index rose 1.33 percent to a record on Tuesday while turnover also hit an all-time high as steel shares surged on a strong earnings forecast by Baosteel. The Shanghai Composite Index closed at 3,444.291 points, less than a tenth of a po
Published 11 Apr, 2007 12:00am