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Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-04-11
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
Animal fat business irks residents

Animal fat business irks residents

Cauldrons for melting animals' fat near a water treatment plant project at Niaznagar road has forced many locals to migrate to other areas. Local factories have long been extracting oil from fat of dead animals. For the purpose, heavy cauldrons are placed
Published 11 Apr, 2007 12:00am
2,842 watercourses lined in Sindh under NPIW

2,842 watercourses lined in Sindh under NPIW

A record lining of watercourses has been executed in a brief period of 21 days in various districts of the province under National Programme for Improvement of Watercourses (NPIW). These watercourses figure 1,092.
Published 11 Apr, 2007 12:00am
Lahore convention termed gathering of patwaris

Lahore convention termed gathering of patwaris

Lawyers have termed the 'official convention' held at Lahore as non-representative of the community and said it was a gathering of patwaris and civil servants in the garb of advocates. They said the Punjab government out of sheer frustration from successf
Published 11 Apr, 2007 12:00am
Pakistan becomes attractive hub of foreign investment'

Pakistan becomes attractive hub of foreign investment'

National Assembly Speaker Chaudhry Amir Hussain has said that Pakistan has become an attractive hub of foreign investment due to the strong economic policies of the government and business-friendly environment. The foreign investment had gained the moment
Published 11 Apr, 2007 12:00am
Kurram Agency moving fast towards normalcy

Kurram Agency moving fast towards normalcy

Political Agent Kurram Agency Sahibzada Muhammad Anis said that ceasefire was working in major areas of the Agency and the situation was moving fast towards normalcy. Speaking in a PTV programme, he said firing incidents were taking place in the suburbs o
Published 11 Apr, 2007 12:00am
NGOs rally in favour of CJP on April 12

NGOs rally in favour of CJP on April 12

Civil society organisations will stage a protest demonstration here on April 12 to express solidarity with the legal fraternity in the current judicial crisis.
Published 11 Apr, 2007 12:00am
Clerics give 30-day ultimatum to music shops

Clerics give 30-day ultimatum to music shops

Local religious leaders on Tuesday gave a 30-day deadline to the cable operators, DVD and CD dealers to wrap up their "unlawful, unethical, immoral businesses or face action." Mufti Abdul Khaliq said, "We are not doing any unlawful act but we are assistin
Published 11 Apr, 2007 12:00am
AJK quake victims still facing hardships in resettlement

AJK quake victims still facing hardships in resettlement

Earthquake victims of Muzaffarabad are confronting with multifarious problems and difficulties due to corruption and malpractice of Azad Kashmir government departments, especially Patwaris (Revenue officials).
Published 11 Apr, 2007 12:00am
Advice to prevent dehydration, heat strokes

Advice to prevent dehydration, heat strokes

As the Met Office forecasting dry weather in Multan and other parts of southern Punjab for the week ahead, doctors have advised people to take steps for preventing dehydration and heat strokes.
Published 11 Apr, 2007 12:00am
0.615 million tons wheat to be procured in Multan

0.615 million tons wheat to be procured in Multan

Punjab Food Department has started wheat procurement drive from Tuesday (April 10) and a total of 0.615 million tons of the golden grain will be purchased in Multan zone. Deputy Director Nasrullah Khan Leghari said on Tuesday while talking to newsmen here
Published 11 Apr, 2007 12:00am
Three hurt in Bannu rocket attack

Three hurt in Bannu rocket attack

Three persons including two children were injured in a rocket attack here late night on Monday. According to details, unknown miscreants fired a rocket, which hit the house of Muhammad Ashfaque. Resultantly, Muhammad Ashfaque and his two children were inj
Published 11 Apr, 2007 12:00am
Rashid hopeful of improved Pak-India rail links

Rashid hopeful of improved Pak-India rail links

Federal Minister for Railways Sheikh Rashid Ahmed has said that rail links between Pakistan and India will improve in the coming days as these links can play a key role in bringing the people of the two countries closer. Talking to Voice of Germany, he sa
Published 11 Apr, 2007 12:00am
Australian team calls on Corps Commander

Australian team calls on Corps Commander

A five-member delegation, headed by Lieutenant General Peter Leahy, the Australian Army Chief, called on Corps Commander, Lieutenant General Ahsan Azhar Hayat. The meeting was held at the Corps Headquarters here on Tuesday, says a press release of Inter S
Published 11 Apr, 2007 12:00am
Power supply to Chitral valley restored

Power supply to Chitral valley restored

The Peshawar Electricity Supply Company (Pesco) has restored power supply to Chitral disrupted in the wake of heavy snowfall and land sliding on March 19 costing Rs 2.5 million. The power supply system in the landlocked district was disrupted, where rehab
Published 11 Apr, 2007 12:00am
'Apparel industry facing crisis'

'Apparel industry facing crisis'

The Pakistan Cotton Fashion Apparel Manufacturers and Exporters Association (PFAMEA) has asked the government to provide incentives at par with other industries as it was facing crisis. In a statement issued here on Tuesday, Chairman, Trade Fairs and Trad
Published 11 Apr, 2007 12:00am
'Privatisation, de-regulation are cornerstones of reforms'

'Privatisation, de-regulation are cornerstones of reforms'

Privatisation and Investment Minister Zahid Hamid said here on Tuesday that Privatisation, de-regulation and liberalisation "are the cornerstones" of the highly successful economic reforms introduced by the present government under the leadership of Presi
Published 11 Apr, 2007 12:00am
First launches investment challenge game

First launches investment challenge game

IGI Finex Securities Limited, a leading securities brokerage house of IGI Financial Services, has launched Pakistan's first ever investment challenge game with the participation of the country's leading business schools, to promote financial knowledge.
Published 11 Apr, 2007 12:00am
Notices issued to cellphone companies to remove towers: minister

Notices issued to cellphone companies to remove towers: minister

The orders to shift mobile phone towers from residential areas are given to save public health from hazardous affects of the towers which also cause of rising air pollution, said Sindh Environment & Alternative Energy Minister Dr Sagheer Ahmed.
Published 11 Apr, 2007 12:00am
Musharraf welcomes more Chinese enterprises in Pakistan

Musharraf welcomes more Chinese enterprises in Pakistan

President General Pervez Musharraf on Tuesday welcomed more Chinese enterprises to start business in Pakistan. Receiving credentials presented by new Chinese Ambassador Luo Zhaohui in Islamabad.
Published 11 Apr, 2007 12:00am
Royal Saudi commander conferred Hilal-e-Imtiaz

Royal Saudi commander conferred Hilal-e-Imtiaz

Minister for Defence, Rao Sikander Iqbal on Tuesday conferred Hilal-e-Imtiaz, (Military Award) on the Deputy Commander Royal Saudi Naval Forces, Rear Admiral Dhakeel Allah Ahmad Waqdani, in recognition of his services and achievements for strengthening th
Published 11 Apr, 2007 12:00am
Iranian consul refutes border closure reports

Iranian consul refutes border closure reports

Iranian Consul in Quetta Ali Aryan-Nejad on Tuesday dismissed foreign media reports over closure of Iran-Pakistan border outlet calling it "disinformation against Iran."
Published 11 Apr, 2007 12:00am
337 illegal Pakistanis repatriated from Muscat

337 illegal Pakistanis repatriated from Muscat

With the support of the Sultanate of Oman, the Embassy of Pakistan in Muscat has repatriated a batch of 337 Pakistanis who had illegally entered Oman. They were seen off by Community Welfare Attaché of Pakistan Embassy Taha Hussain Bugti. The embassy also
Published 11 Apr, 2007 12:00am
Investment in power sector

Investment in power sector

The World Bank, in its report on Pakistan's power sector, has voiced dissatisfaction over the sluggish pace of investment in this sector, and has advised the government to inject more funds into it to improve power generation, distribution and transmissio
Published 11 Apr, 2007 12:00am
Prospects of Iran's observer status in SAARC

Prospects of Iran's observer status in SAARC

It is a welcome news that the meeting of Foreign Secretaries of the Eight-nation South Asian Association for Regional Co-operation (SAARC), which was held in New Delhi last week, unanimously recommended granting of observer status to Iran at the upcoming
Published 11 Apr, 2007 12:00am
Cattle farming in Pakistan-II

Cattle farming in Pakistan-II

Through livestock production is fragmented and most units in Punjab are small with 10 per cent holding around 10 to 20 buffalo cows, and only five per cent over 20 heads each. Such units are often run by capable and business-oriented farmers who are open
Published 11 Apr, 2007 12:00am
Good Morning: doing without Omar Kureishi's commentary

Good Morning: doing without Omar Kureishi's commentary

Not that my friend, a long time cricket enthusiast, Tariq Zuberi has been saying it frequently but he too has been missing the late Omar Kureishi in the World Cup 2007 now underway. He almost sums up the absence by saying that he is missing Omar Kureishi'
Published 11 Apr, 2007 12:00am
Iraq homeless crushed in war's aftermath

Iraq homeless crushed in war's aftermath

An old man slumbers on a rotten and stinking sofa as a malnourished scruffy child in rags bats around a ball in the dust. Flies buzz through the decay. In Baghdad, the homeless live hand to mouth.
Published 11 Apr, 2007 12:00am
No consumer power

No consumer power

We had the unfortunate distinction of being the target of the rude manners of one of the senior managers/owners at a retail outlet. The tale is as follows. We purchased a brand new Olympus camera on 21 March. We were assured by the sales manager of the go
Published 11 Apr, 2007 12:00am
KCCI proposes duty cut on motorbike parts

KCCI proposes duty cut on motorbike parts

President, Karachi Chamber of Commerce and Industry (KCCI) Majyd Aziz has suggested reduction in import duties to overcome smuggling in Pakistan. Speaking at the annual dinner of Motorcycle Spare Parts Importers and Dealers Group (MSPIDG) on Monday, he sa
Published 11 Apr, 2007 12:00am
Karachi Centre for Dispute Resolution set up

Karachi Centre for Dispute Resolution set up

Former Chief Justice of Pakistan and member of Board of Governor Karachi Centre for Dispute Resolution (KCDR) Justice Saeeduzzaman Siddiqui has said that the centre has been established with the assistance of the International Finance Corporation (IFC) to
Published 11 Apr, 2007 12:00am
Saad made Gillette Pakistan chief executive

Saad made Gillette Pakistan chief executive

Board of Directors of Gillette Pakistan has recently appointed Saad Amanullah Khan as the Chief Executive Officer of Gillette Pakistan. Saad will be responsible for building the Gillette business in Pakistan, which includes successful brands such as Gille
Published 11 Apr, 2007 12:00am
DHL launches YES Awards

DHL launches YES Awards

DHL announced on Tuesday the launch of the Young Entrepreneurs Sustainability (YES) Awards, focussing on the achievements made by the young social entrepreneur for the achievement of the millennium development goals.
Published 11 Apr, 2007 12:00am
US MIDDAY: gold ends higher

US MIDDAY: gold ends higher

US gold futures finished higher on Tuesday as the dollar slumped against the euro on heightened US-China trade tensions and after Iran announced it had begun industrial-scale nuclear production, deepening its dispute with the West. Traders also cited shor
Published 11 Apr, 2007 12:00am
US MIDDAY: copper futures end firm

US MIDDAY: copper futures end firm

US copper futures ended firmer Tuesday and extended a recent rally on the back of bullish import data from China which continued to reveal a strong presence in the market this year from the world's leading consumer of the red metal, brokers said.
Published 11 Apr, 2007 12:00am
US MIDDAY: soybeans fall

US MIDDAY: soybeans fall

Soybean futures at the Chicago Board of Trade fell on Tuesday in reaction to the government raising its 2006/07 US soybean ending stocks estimate, traders said.
Published 11 Apr, 2007 12:00am
US MIDDAY: corn mixed

US MIDDAY: corn mixed

Corn futures at the Chicago Board of Trade were mixed in choppy dealings on Tuesday amid weather jitters and after the release of a bearish supply and demand report from the US Department of Agriculture, traders said.
Published 11 Apr, 2007 12:00am
US MIDDAY: wheat up

US MIDDAY: wheat up

Hard red winter wheat futures on the Kansas City Board of Trade were higher at midday on Tuesday, supported by speculation over freeze damage to the new crop and lower-than-expected government stocks data, traders said.
Published 11 Apr, 2007 12:00am
US MIDDAY: sugar finishes lower

US MIDDAY: sugar finishes lower

Raw sugar futures settled easier Tuesday due to switch trade from investors moving their positions out of the spot month, and the process could weigh on market values in the days ahead, brokers said.
Published 11 Apr, 2007 12:00am
US MIDDAY: coffee slips

US MIDDAY: coffee slips

US arabica coffee futures edged lower Tuesday as players continued to roll positions out of the front month, and the market was expected to trade sideways or slightly lower throughout the week.
Published 11 Apr, 2007 12:00am
US MIDDAY: cocoa little changed

US MIDDAY: cocoa little changed

US cocoa futures closed flat to a shade higher Tuesday in spread-dominated trade, with dealings spanning a tight range resembling the prior session, traders said.
Published 11 Apr, 2007 12:00am
Precious metals jump

Precious metals jump

Precious metals leapt on Tuesday on a weaker dollar and firmer oil, with platinum hitting its highest in nearly five months and silver rising to a six-week peak. Gold hit a fresh six-week high while palladium was within sight of a 10-month peak as buying
Published 11 Apr, 2007 12:00am
Base metals rally on strong growth outlook

Base metals rally on strong growth outlook

Copper touched a seven-month record and aluminium rose to an 11-month high on strong growth signs from the world's top two metals consumers, the United States and China, on Tuesday. Nickel also rose sharply, breaking through $50,000 a tonne, and lead touc
Published 11 Apr, 2007 12:00am
London sugar ends near 10-day peak

London sugar ends near 10-day peak

London white sugar futures closed near a 10-day high on Tuesday, lifted by structural trades before expiry of the front-month contract later this week, and dealers expect prices to remain in a band near term.
Published 11 Apr, 2007 12:00am
New York cotton ends lower

New York cotton ends lower

Cotton futures finished slightly easier Tuesday on switch trade and speculative sales as the market shrugged off a government crop report and may drift due to a lack of leads in the coming days, brokers said. The New York Board of Trade's May cotton contr
Published 11 Apr, 2007 12:00am
Second stage of Siberia-Pacific pipeline faces delay

Second stage of Siberia-Pacific pipeline faces delay

Construction of the second stage of the Siberia-Pacific pipeline, which will carry Siberian oil to Asia, could be delayed by up to four years, an official with the Russian natural resources ministry said Tuesday.
Published 11 Apr, 2007 12:00am
Oil prices rally after Easter slump

Oil prices rally after Easter slump

World oil prices rebounded on Tuesday after plunging a day earlier on profit-taking, as key crude producer Iran again tested Western nerves, analysts said. New York's main oil futures contract, light sweet crude for delivery in May, gained 38 cents to clo
Published 11 Apr, 2007 12:00am
China's March copper imports at record high

China's March copper imports at record high

China's imports of copper, including semi-finished products, hit a record high of 307,740 tonnes last month, foreshadowing record refined copper imports for March before purchases cool down in the second quarter.
Published 11 Apr, 2007 12:00am
FTSE near six-week high

FTSE near six-week high

The FTSE 100 of Britain's leading shares closed at its highest level in almost six weeks on Tuesday as metal prices boosted mining stocks. However, Sainsbury weighed on the index after a private equity bid for the supermarket group appeared to collapse.
Published 11 Apr, 2007 12:00am
Tuesday's unofficial close: Dow up for eighth session

Tuesday's unofficial close: Dow up for eighth session

The Dow industrials ended higher for an eighth day on Tuesday, the longest up streak since March 2003, helped by gains in energy shares and Citigroup Inc. The S&P 500 and the Nasdaq also ended a touch higher.
Published 11 Apr, 2007 12:00am
Sainsbury CDS plunge as chance of deal fades

Sainsbury CDS plunge as chance of deal fades

The Sainsbury family rejected an improved offer for the eponymous supermarket chain on Tuesday, sending its cost of default protection into a tail spin as the wider market rose on a better outlook for the US economy.
Published 11 Apr, 2007 12:00am
Sainsbury CDS plunge as chance of deal fades

Sainsbury CDS plunge as chance of deal fades

The Sainsbury family rejected an improved offer for the eponymous supermarket chain on Tuesday, sending its cost of default protection into a tail spin as the wider market rose on a better outlook for the US economy.
Published 11 Apr, 2007 12:00am
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