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Apr 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-04-15
PIA flight delayed after minor accident

PIA flight delayed after minor accident

A PIA flight PK-366 operating on Karachi-Islamabad section was delayed after its wing hit the tail of another Boeing 777-300 while it was being pushed back to take off for Islamabad. The tail of the other Boeing suffered a minor damage and was toed to han
Published 15 Apr, 2007 12:00am
Shaukat leaves for Beijing today

Shaukat leaves for Beijing today

Prime Minister Shaukat Aziz will leave for Beijing on Sunday on a six days official visit to China at the invitation of Premier Wen Jiabao as a part of high level interaction between the two friendly countries.
Published 15 Apr, 2007 12:00am
Shaukat leaves for Beijing today

Shaukat leaves for Beijing today

Prime Minister Shaukat Aziz will leave for Beijing on Sunday on a six days official visit to China at the invitation of Premier Wen Jiabao as a part of high level interaction between the two friendly countries.
Published 15 Apr, 2007 12:00am
CPNE slams violence against journalists

CPNE slams violence against journalists

An emergency meeting of the Council of the Pakistan Newspapers Editors (CPNE) Karachi members convened by Secretary General Wamiq A. Zuberi and presided over by Senior Vice President Dr Jabbar Khattak on Saturday strongly condemned the acts of violence an
Published 15 Apr, 2007 12:00am
Kasuri telephones Pranab Mukherjee

Kasuri telephones Pranab Mukherjee

Foreign Minister Khushid Mehmud Kasuri telephoned the Indian External Affairs Minister Pranab Mukherjee and inquired about his health after the recent road accident in which he was injured, the Foreign Office said on Saturday. Indian external affairs mini
Published 15 Apr, 2007 12:00am
Railways fare to be reduced: Rashid

Railways fare to be reduced: Rashid

Federal Railway Minister Shaikh Rashid Ahmed has vowed to further reduce the fare and increasing the salaries of the railway workers. Speaking at a meeting of SMPARS Union on Saturday, the minister said that he would cancel the trains, which are running i
Published 15 Apr, 2007 12:00am
Businessmen divided over TOO

Businessmen divided over TOO

The promulgation of Trade Organisations Ordinance (TOO)-2006 and Rules-2007 has sharply divided members of the business community, and trappings of the divide can be heard loud and clear all over the country.
Published 15 Apr, 2007 12:00am
Businessmen divided over TOO

Businessmen divided over TOO

The promulgation of Trade Organisations Ordinance (TOO)-2006 and Rules-2007 has sharply divided members of the business community, and trappings of the divide can be heard loud and clear all over the country.
Published 15 Apr, 2007 12:00am
Businessmen divided over TOO

Businessmen divided over TOO

The promulgation of Trade Organisations Ordinance (TOO)-2006 and Rules-2007 has sharply divided members of the business community, and trappings of the divide can be heard loud and clear all over the country.
Published 15 Apr, 2007 12:00am
Saudi CG next Consular Corps Dean in Karachi

Saudi CG next Consular Corps Dean in Karachi

The new Dean of Consular Corps in Karachi will be the Consul General of Saudi Arabia, Dr Hassan A Attar, according to Tariq Iqbal Soomor, Deputy Chief of Protocol at the Ministry of Foreign Affairs Camp Office here.
Published 15 Apr, 2007 12:00am
15 killed as bus plunges into deep ravine

15 killed as bus plunges into deep ravine

At least 15 passengers were killed and 10 seriously injured when a Gilgit-bound bus from Rawalpindi plunged into a deep ravine while negotiating a sharp bend at Sazin Village of Kohistan district on Saturday morning, police said.
Published 15 Apr, 2007 12:00am
15 killed as bus plunges into deep ravine

15 killed as bus plunges into deep ravine

At least 15 passengers were killed and 10 seriously injured when a Gilgit-bound bus from Rawalpindi plunged into a deep ravine while negotiating a sharp bend at Sazin Village of Kohistan district on Saturday morning, police said.
Published 15 Apr, 2007 12:00am
'SECP policy contradicts Insurance Ordinance'

'SECP policy contradicts Insurance Ordinance'

Securities and Exchange Commission of Pakistan (SECP) should withdraw notices to surveyors and adjusters, who have agreed to acquire the membership of Surveyor and Adjusters Association of Pakistan (SAAP), which is currently a non-functional body.
Published 15 Apr, 2007 12:00am
'SECP policy contradicts Insurance Ordinance'

'SECP policy contradicts Insurance Ordinance'

Securities and Exchange Commission of Pakistan (SECP) should withdraw notices to surveyors and adjusters, who have agreed to acquire the membership of Surveyor and Adjusters Association of Pakistan (SAAP), which is currently a non-functional body.
Published 15 Apr, 2007 12:00am
''SECP policy contradicts Insurance Ordinance''

''SECP policy contradicts Insurance Ordinance''

Securities and Exchange Commission of Pakistan (SECP) should withdraw notices to surveyors and adjusters, who have agreed to acquire the membership of Surveyor and Adjusters Association of Pakistan (SAAP), which is currently a non-functional body.
Published 15 Apr, 2007 12:00am
Indus Refinery to start commercial production in March 2009

Indus Refinery to start commercial production in March 2009

The Indus Refinery Limited (IRL) will start commercial production of petroleum products in March 2009 at a cost of $750 million. The Chairman of IRL, Muhammed Sohail Shamsi, told Business Recorder on Saturday after the signing a Memorandum of Under
Published 15 Apr, 2007 12:00am
Indus Refinery to start commercial production in March 2009

Indus Refinery to start commercial production in March 2009

The Indus Refinery Limited (IRL) will start commercial production of petroleum products in March 2009 at a cost of $750 million. The Chairman of IRL, Muhammed Sohail Shamsi, told Business Recorder on Saturday after the signing a Memorandum of Under
Published 15 Apr, 2007 12:00am
Indus Refinery to start commercial production in March 2009

Indus Refinery to start commercial production in March 2009

The Indus Refinery Limited (IRL) will start commercial production of petroleum products in March 2009 at a cost of $750 million. The Chairman of IRL, Muhammed Sohail Shamsi, told Business Recorder on Saturday after the signing a Memorandum of Under
Published 15 Apr, 2007 12:00am
No sugar import from India: Salman assures PSMA

No sugar import from India: Salman assures PSMA

The Pakistan Sugar Mills Association (PSMA), Punjab Zone, held an emergency meeting to take its members into confidence over the meeting of its representatives with PM's Adviser on finance Dr Salman Shah, said the spokesman for PSMA on Saturday. The meeti
Published 15 Apr, 2007 12:00am
No sugar import from India: Salman assures PSMA

No sugar import from India: Salman assures PSMA

The Pakistan Sugar Mills Association (PSMA), Punjab Zone, held an emergency meeting to take its members into confidence over the meeting of its representatives with PM's Adviser on finance Dr Salman Shah, said the spokesman for PSMA on Saturday. The meeti
Published 15 Apr, 2007 12:00am
No sugar import from India: Salman assures PSMA

No sugar import from India: Salman assures PSMA

The Pakistan Sugar Mills Association (PSMA), Punjab Zone, held an emergency meeting to take its members into confidence over the meeting of its representatives with PM''s Adviser on finance Dr Salman Shah, said the spokesman for PSMA on Saturday. The meet
Published 15 Apr, 2007 12:00am
Year-on-Year SPI up 7.54 percent

Year-on-Year SPI up 7.54 percent

The Sensitive Price Indicator (SPI) for the week ending April 12 Year-on-Year (YoY) has increased by 7.54 percent as compared to the corresponding week last year, showing a minor a decline ie 7.84 percent previous week SPI.
Published 15 Apr, 2007 12:00am
Year-on-Year SPI up 7.54 percent

Year-on-Year SPI up 7.54 percent

The Sensitive Price Indicator (SPI) for the week ending April 12 Year-on-Year (YoY) has increased by 7.54 percent as compared to the corresponding week last year, showing a minor a decline ie 7.84 percent previous week SPI.
Published 15 Apr, 2007 12:00am
Year-on-Year SPI up 7.54 percent

Year-on-Year SPI up 7.54 percent

The Sensitive Price Indicator (SPI) for the week ending April 12 Year-on-Year (YoY) has increased by 7.54 percent as compared to the corresponding week last year, showing a minor a decline ie 7.84 percent previous week SPI.
Published 15 Apr, 2007 12:00am
India plans 'Kashmir round table' on April 24

India plans 'Kashmir round table' on April 24

India will hold a meeting of Kashmiri political parties this month to find a solution to the dispute, the government said on Saturday, despite freedom fighters staying away from two similar meetings in the past. The third "Kashmir roundtable", an idea moo
Published 15 Apr, 2007 12:00am
India plans 'Kashmir round table' on April 24

India plans 'Kashmir round table' on April 24

India will hold a meeting of Kashmiri political parties this month to find a solution to the dispute, the government said on Saturday, despite freedom fighters staying away from two similar meetings in the past. The third "Kashmir roundtable", an idea moo
Published 15 Apr, 2007 12:00am
FPCCI body to meet Humayun to settle dispute

FPCCI body to meet Humayun to settle dispute

The Federation of Chambers of Commerce and Industry (FPCCI) has announced that its representatives high-level committee will meet Commerce Minister Humayun Akhtar Khan to find a amicable solution to the Trade Organisations Ordinance (TOO)-2006. The FPCCI
Published 15 Apr, 2007 12:00am
FPCCI body to meet Humayun to settle dispute

FPCCI body to meet Humayun to settle dispute

The Federation of Chambers of Commerce and Industry (FPCCI) has announced that its representatives high-level committee will meet Commerce Minister Humayun Akhtar Khan to find a amicable solution to the Trade Organisations Ordinance (TOO)-2006. The FPCCI
Published 15 Apr, 2007 12:00am
FPCCI body to meet Humayun to settle dispute

FPCCI body to meet Humayun to settle dispute

The Federation of Chambers of Commerce and Industry (FPCCI) has announced that its representatives high-level committee will meet Commerce Minister Humayun Akhtar Khan to find a amicable solution to the Trade Organisations Ordinance (TOO)-2006. The FPCCI
Published 15 Apr, 2007 12:00am
G7 mulls better use of oil money, China reserves

G7 mulls better use of oil money, China reserves

Saudi Arabia, United Arab Emirates, China, and Russia discussed with G7 nations how surpluses derived from oil sales should be invested and Beijing's plans to more actively manage its foreign reserves, a senior Japanese finance ministry official said late
Published 15 Apr, 2007 12:00am
G7 mulls better use of oil money, China reserves

G7 mulls better use of oil money, China reserves

Saudi Arabia, United Arab Emirates, China, and Russia discussed with G7 nations how surpluses derived from oil sales should be invested and Beijing's plans to more actively manage its foreign reserves, a senior Japanese finance ministry official said late
Published 15 Apr, 2007 12:00am
G7 mulls better use of oil money, China reserves

G7 mulls better use of oil money, China reserves

Saudi Arabia, United Arab Emirates, China, and Russia discussed with G7 nations how surpluses derived from oil sales should be invested and Beijing''s plans to more actively manage its foreign reserves, a senior Japanese finance ministry official said lat
Published 15 Apr, 2007 12:00am
Scholar explains what Pakistan needs today

Scholar explains what Pakistan needs today

The Oxford University Press and The Jinnah Society hosted a talk by Dr Pervez Hoodbhoy, Professor and Chairman, Department of Physics, Quaid-i-Azam University, Islamabad.
Published 15 Apr, 2007 12:00am
PBA flays attack on journalists

PBA flays attack on journalists

Pakistan Broadcasters Association, in a press release, has strongly condemned and deplored the unwarranted attack on journalists and camera crew of ARY TV, KTN, Indus News, and Sindh TV, while they were covering the protest rallies in Karachi and Islamaba
Published 15 Apr, 2007 12:00am
Removal of presumptive tax regime sought

Removal of presumptive tax regime sought

The Central Board of Revenue (CBR) has been suggested to abolish presumptive tax regime (PTR) as it impairs the competitiveness of the resident companies.
Published 15 Apr, 2007 12:00am
Shaukat distributes 'placement letters' to interns

Shaukat distributes 'placement letters' to interns

Prime Minister Shaukat Aziz on Saturday called upon the youth, both boys and girls, to work hard, with sincerity and honesty, for their capacity-building as they "are the one who have to provide leadership" and steer the country and nation to the path of
Published 15 Apr, 2007 12:00am
New Zealand agriculture team due next month

New Zealand agriculture team due next month

New Zealand Minister for Trade, Defence and Disarmament Philip Goff has said that an agriculture and livestock sector delegation will visit Pakistan in May to see possibilities of co-operation in these sectors. Addressing members of Karachi Chamber of Com
Published 15 Apr, 2007 12:00am
'Government keen to place Pakistan on world IT map'

'Government keen to place Pakistan on world IT map'

Prime Minister Shaukat Aziz has said that the government is investing in IT education, strengthening infrastructure and promoting venture capital funds to place Pakistan on the World IT map. He was talking to Asad Jamal, CEO of e-plant ventures, a Silicon
Published 15 Apr, 2007 12:00am
Kamal inaugurates biogas plant today

Kamal inaugurates biogas plant today

City Nazim Syed Mustafa Kamal and H.E. Phil Goff, Minister for trade, government of New Zealand will inaugurate the waste to energy biogas and fertiliser plant on Sunday (today), April 15, city government official told Business Recorder on Saturday
Published 15 Apr, 2007 12:00am
NWFP Assembly body reviews law and order situation

NWFP Assembly body reviews law and order situation

A meeting of the standing committee of NWFP Assembly for Home and Tribal Affairs was held here under the chairmanship of Bashir Ahmad Bilour MPA. MPAs Maulana Jehangir Khan, Malik Hayat Khan, Ms Riffat Jabeen, Ms Nabeela Manzor, Ateequr Rehman, Ms Muneeba
Published 15 Apr, 2007 12:00am
NWFP sets up vehicle number plates production plant

NWFP sets up vehicle number plates production plant

NWFP Minister for Food, Excise and Taxation Fazle Rabbani Advocate visited the Excise and Taxation Department and attended a presentation on status and progress of the computerisation of motor vehicle registration system and number plates project.
Published 15 Apr, 2007 12:00am
Nilofar says she fears for life

Nilofar says she fears for life

Tourism Minister Nilofar Bakhtiar said on Saturday she fears for life after a photograph was published in local newspapers showing her hugging a foreigner. "Now I fear for my life," Nilofar Bakhtiar told the Senate standing committee on tourism.
Published 15 Apr, 2007 12:00am
Nilofar says she fears for life

Nilofar says she fears for life

Tourism Minister Nilofar Bakhtiar said on Saturday she fears for life after a photograph was published in local newspapers showing her hugging a foreigner. "Now I fear for my life," Nilofar Bakhtiar told the Senate standing committee on tourism.
Published 15 Apr, 2007 12:00am
'President and Prime Minister cannot appoint members of SJC'

'President and Prime Minister cannot appoint members of SJC'

Minister of State for Information and Broadcasting, Tariq Azeem has said neither the President nor the Prime Minister can appoint the members of the Supreme Judicial Council (SJC). Talking to VoA he said, the composition of the SJC has been mentioned in t
Published 15 Apr, 2007 12:00am
British Airways invites young travellers

British Airways invites young travellers

In the first ever initiative of its kind for an airline, British Airways - which operates three weekly flights from Islamabad to London Heathrow - inviting young travellers to join an advisory board created to develop its brand and services in line with y
Published 15 Apr, 2007 12:00am
Action against builders ordered

Action against builders ordered

Sindh Chief Minister Dr Arbab Ghulam Rahim on Saturday instructed the chief secretary to initiate action against the builders of the multi-storey Defence View Phase -II on land earmarked for single unit bungalows.
Published 15 Apr, 2007 12:00am
Niaz made PPO Sindh

Niaz made PPO Sindh

The Services, General Administration and Co-ordination Department on Saturday notified appointment of Niaz Ahmed Siddiqui, (BPS-21) an officer of Police Services of Pakistan, additional inspector general of Police, Sindh.
Published 15 Apr, 2007 12:00am
National Assembly body seeks report on ZTBL employees' removal

National Assembly body seeks report on ZTBL employees' removal

National Assembly Standing Committee on Finance and Revenue on Saturday directed the Zarai Taraqiati Bank Limited (ZTBL) to submit a detailed report on reasons behind the removal of low-cadre employees from services during the tenure of former bank's pres
Published 15 Apr, 2007 12:00am
Senior army officers promoted and transferred

Senior army officers promoted and transferred

Promotion and transfer orders of several officers of the Pakistan armed forces have been announced here, on Saturday. Most of the transfers would be effective from July.
Published 15 Apr, 2007 12:00am
'Government focusing on uplift of Balochistan'

'Government focusing on uplift of Balochistan'

President General Pervez Musharraf on Saturday said the government was focusing on the development of Balochistan, aimed at improving the living standard of people, reducing poverty and generating job opportunities.
Published 15 Apr, 2007 12:00am
Punjab Development Forum from April 23

Punjab Development Forum from April 23

The fourth Punjab Development Forum will be held at 90 Shahrah-e-Quaid-e-Azam on April 23-24, providing an opportunity to policy makers and stakeholders to engage in wide-ranging dialogue on the development priorities in the province.
Published 15 Apr, 2007 12:00am
Call for unity to face challenges

Call for unity to face challenges

Federal Minister for Inter-Provincial Co-ordination Salim Saifullah Khan said on Saturday that establishing strong bonds of unity and cohesion among all shades of life was need of the hour to meet the challenges facing the country.
Published 15 Apr, 2007 12:00am
'Government stance on TOO illogical'

'Government stance on TOO illogical'

The President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Tanveer Ahmed Shaikh, has termed as 'illogical' the stance of the government to introduce the new trade law to weed out fake and bogus trade bodies.
Published 15 Apr, 2007 12:00am
Marala-Ravi link canal bridge near Sahuwala collapses

Marala-Ravi link canal bridge near Sahuwala collapses

The bridge on Marala-Ravi link canal on Sialkot-Wazirabad road near Sahuwala collapsed causing suspension of traffic on Sialkot-Wazirabad. The public have been facing serious problems owing to collapse of the bridger.
Published 15 Apr, 2007 12:00am
Cellphone 'virus' rumours create panic South Punjab

Cellphone 'virus' rumours create panic South Punjab

Panic gripped entire southern Punjab since the rumours of a 'supernatural' call on mobiles phones that kills the person receiving it by damaging the central nervous system and splattering the brain. These rumours swept the area like a wild fire. In Multan
Published 15 Apr, 2007 12:00am
'Livestock development to help in poverty alleviation'

'Livestock development to help in poverty alleviation'

Professor Bashir Ahmad Vice Chancellor, University of Agriculture, Faisalabad has said that livestock is a priority development area for the government and the recent initiatives include development of livestock and dairy development board.
Published 15 Apr, 2007 12:00am
Judges urged not to sit in SJC

Judges urged not to sit in SJC

A member of Lahore High Court Bar Association (LHCBA) has sent an open letter to the member judges of Supreme Judicial Council (SJC) urging them not to sit in the council. Allah Baksh Gondal in his letter contended that the bar members have raised objecti
Published 15 Apr, 2007 12:00am
Lawyers condemn torture on journalists

Lawyers condemn torture on journalists

Lahore High Court Bar Association (LHCBA) and other representatives of lawyers condemned the torture on journalists and photographers by persons in black coats in Karachi during the procession against the suspension of Chief Justice of Pakistan.
Published 15 Apr, 2007 12:00am
Lawyers strike continues

Lawyers strike continues

The lawyers' community observed token strike against the suspension of Chief Justice Pakistan and did not appear before the courts for an hour. They also held hunger strike camps in the bar premises and wear black strips in protest. The bar office bearers
Published 15 Apr, 2007 12:00am
MHCBA urges lawyers to remain united

MHCBA urges lawyers to remain united

The office-bearers of the Multan High Court Bar Association (MHCBA) have urged lawyers to remain united and continue their struggle till the end of the military government in the country.
Published 15 Apr, 2007 12:00am
Special train from Nankana Sahib to Panja Sahib planned

Special train from Nankana Sahib to Panja Sahib planned

Minister for Religious Affairs, Muhammad Ejaz ul Haq on Saturday said a direct train service named "Nanak express" will be operated from Nankana Sahib to Panja Sahib in Baisakhi festival next year.
Published 15 Apr, 2007 12:00am
World community must try to achieve women's equality MDGs

World community must try to achieve women's equality MDGs

To reach key development objectives by 2015, women's equality and fragile states need to receive concerted attention and the international community must scale up strategies for reaching the Millennium Development Goals.
Published 15 Apr, 2007 12:00am
'No plan to privatise PIA'

'No plan to privatise PIA'

Pakistan International Airlines Chairman Zafar A Khan has said that he has not come with any privatisation plan of the airline nor the government has any such plan. He said PIA would neither be sold nor any employee would be removed from service. The serv
Published 15 Apr, 2007 12:00am
Two bombers attack US targets in Morocco

Two bombers attack US targets in Morocco

Two suicide bombers killed themselves in an attack on US diplomatic offices in Morocco's commercial hub Casablanca on Saturday in the first such targeted bombings in four years, witnesses said.
Published 15 Apr, 2007 12:00am
Rich nations must fulfill aid promises: Wolfowitz

Rich nations must fulfill aid promises: Wolfowitz

Developing countries turned in a sixth consecutive year of growth despite high oil prices, but donor nations need to make good on vows to boost aid, World Bank President Paul Wolfowitz said on Saturday.
Published 15 Apr, 2007 12:00am
Cinemark IPO could get rave reviews

Cinemark IPO could get rave reviews

Movie theater operator Cinemark Holdings Inc is hoping for rave reviews from investors for its upcoming initial public offering. Analysts said the third-largest movie theatre chain could see a surge in profit if the summer season has as many blockbusters
Published 15 Apr, 2007 12:00am
Emerging debt Argentina and Venezuela lead market losses

Emerging debt Argentina and Venezuela lead market losses

Argentine and Venezuelan bonds led losses in emerging debt markets for the second consecutive session on Friday as investors feared a possible portfolio rebalancing by ABN Amro Asset Management, which has large exposure to both countries.
Published 15 Apr, 2007 12:00am
Emerging debt Argentina and Venezuela lead market losses

Emerging debt Argentina and Venezuela lead market losses

Argentine and Venezuelan bonds led losses in emerging debt markets for the second consecutive session on Friday as investors feared a possible portfolio rebalancing by ABN Amro Asset Management, which has large exposure to both countries.
Published 15 Apr, 2007 12:00am
Mexican stocks soar

Mexican stocks soar

Mexican stocks rose to a record high close on Friday as investors bet companies will report healthy profits for the first quarter. The benchmark IPC stock index climbed 0.52 percent to close at 29,762.22 points. Mexico's largest companies are expected to
Published 15 Apr, 2007 12:00am
US corporate bonds spread steady

US corporate bonds spread steady

US corporate bonds were steady in trading on Friday as bonds of Sallie Mae weakened after The New York Times reported that the largest US student-loan company was in leveraged buyout talks with private equity firms.
Published 15 Apr, 2007 12:00am
US corporate bonds spread steady

US corporate bonds spread steady

US corporate bonds were steady in trading on Friday as bonds of Sallie Mae weakened after The New York Times reported that the largest US student-loan company was in leveraged buyout talks with private equity firms.
Published 15 Apr, 2007 12:00am
US Treasuries fall

US Treasuries fall

US government bond prices fell on Friday, after a report showed consumers' inflation expectations jumped, reawakening investors' concerns the Fed might hold interest rates unchanged for many months.
Published 15 Apr, 2007 12:00am
US Treasuries fall

US Treasuries fall

US government bond prices fell on Friday, after a report showed consumers' inflation expectations jumped, reawakening investors' concerns the Fed might hold interest rates unchanged for many months.
Published 15 Apr, 2007 12:00am
Resources help push Toronto stocks to record highs

Resources help push Toronto stocks to record highs

The Toronto Stock Exchange's main index set a record closing high on Friday, powered by rising resource issues and merger speculation surrounding private-label soft drinks maker Cott Corp.
Published 15 Apr, 2007 12:00am
European stocks: spotlight on earnings

European stocks: spotlight on earnings

European stocks are set to hover around six-year highs in the week ahead as investors digest a batch of corporate earnings, while worries about the outlook for US interest rates may limit upside gains. Results from L'Oreal, Roche, Rio Tinto, Tesco and Swa
Published 15 Apr, 2007 12:00am
Argentine stocks rise

Argentine stocks rise

Argentine stocks closed higher on Friday for the second straight session, buoyed by favourable US economic data and investors' continued interest in oil-related shares, traders said. The MerVal index of the 16 leading stocks gained 1.13 percent to end at
Published 15 Apr, 2007 12:00am
Chile stocks finish firmer

Chile stocks finish firmer

Chilean stocks rose on Friday, bringing the week's cumulative gain to 1.9 percent as renewed risk appetite pushed regional stocks higher. The all-market IGPA index advanced 0.62 percent to 13,889.88 points, while the trade-weighted, blue chip IPSA index g
Published 15 Apr, 2007 12:00am
Taiwan stocks end near 6-1/2-year high

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

Taiwan shares closed up 0.54 percent on Saturday, near a 6-1/2-year high, led by China plays such as Uni-President, as a stronger yuan boosted hopes of growing demand on the mainland. The main TAIEX shares index rose to 8,045.12, slightly below the 8,084
Published 15 Apr, 2007 12:00am
Brazil stocks surge

Brazil stocks surge

Brazil's stocks rose to another record close on Friday and the country's currency hit a six-year high as foreign investors poured into Latin America's largest economy. The Bovespa index of the Sao Paulo Stock Exchange gained 1.22 percent to close at 47,92
Published 15 Apr, 2007 12:00am
American credit market outlook

American credit market outlook

US home builders are likely to face more credit ratings downgrades this year as a weak spring sales season raises expectations that housing market weakness will persist into 2008. The risk of home builders defaulting on their debt, however, remains low as
Published 15 Apr, 2007 12:00am
American credit market outlook

American credit market outlook

US home builders are likely to face more credit ratings downgrades this year as a weak spring sales season raises expectations that housing market weakness will persist into 2008. The risk of home builders defaulting on their debt, however, remains low as
Published 15 Apr, 2007 12:00am
US stocks climb

US stocks climb

US stocks advanced on Friday, boosted by stronger profit outlooks from drug maker Merck & Co and fast-food restaurant chain McDonald's Corp. The S&P 500 has now recovered all of its losses since February 27 when a tumble in the Chinese stock market sent e
Published 15 Apr, 2007 12:00am
Market's growth makes yuan pricing a two-way street

Market's growth makes yuan pricing a two-way street

In the currency markets, China's yuan is considered largely a one-way bet: Economic growth and pressure from trade partners make appreciation against the dollar a no-brainer, within the limits set by the government.
Published 15 Apr, 2007 12:00am
Dollar falls versus euro

Dollar falls versus euro

The dollar fell to two-year lows against the euro on Friday amid concerns about US economic growth and volatility at the start of a meeting of the Group of Seven rich nations. The greenback also erased earlier losses against the Japanese yen after a G7 so
Published 15 Apr, 2007 12:00am
Euro swap rates rise

Euro swap rates rise

Euro zone interest swap rates tracked bond yields higher on Friday but retreated from peak levels after a measure of US producer prices came in flat in March, easing some fears that inflation may prevent the Federal Reserve from cutting rates for many mon
Published 15 Apr, 2007 12:00am
Indian rupee may rise 2.5 percent in two months: HSBC

Indian rupee may rise 2.5 percent in two months: HSBC

India's buoyant rupee, trading at eight-year peaks against the dollar, could climb further higher in the coming months because of surging foreign inflows into the robust economy, a leading foreign bank trader said.
Published 15 Apr, 2007 12:00am
Taiwan dollar ends weaker

Taiwan dollar ends weaker

The Taiwan dollar ended lower in light trade on Saturday when international currency markets were closed over the weekend, with the focus next week on the yen and the movement of local shares. The Taiwan dollar was trapped in a tight range before ending a
Published 15 Apr, 2007 12:00am
Austrian Brier takes China lead with late charge

Austrian Brier takes China lead with late charge

Austrian Markus Brier snared birdies on his last three holes to give himself every chance of a second European Tour victory after taking a one-shot lead at the end of the China Open third round on Saturday.
Published 15 Apr, 2007 12:00am
World Cup grounds need lights and action

World Cup grounds need lights and action

Caribbean governments have been urged to install floodlights at World Cup grounds to boost their profitability after the tournament ends. "The thing that all the venues need to do is get stadium lights," said Don Lockerbie, the World Cup's venue developme
Published 15 Apr, 2007 12:00am
Arsenal beat Bolton

Arsenal beat Bolton

Arsenal came from behind to beat Bolton Wanderers 2-1 at the Emirates Stadium on Saturday and open up a five-point Premier League lead over the Lancashire club in the chase for the fourth Champions League place.
Published 15 Apr, 2007 12:00am
Venus to meet Jankovic in Charleston

Venus to meet Jankovic in Charleston

Unseeded Venus Williams marched into the Family Circle Cup semi-finals by beating Spain's Anabel Medina Garrigues 6-4 7-5 on Friday. The American next meets second-seeded Serb Jelena Jankovic, who cruised to a 6-2 6-0 victory over Slovenian Katarina Srebo
Published 15 Apr, 2007 12:00am
Yousuf eager to take over Pakistan captaincy

Yousuf eager to take over Pakistan captaincy

Batsman Mohammad Yousuf has made himself available to take over the Pakistan captaincy after Younis Khan turned down the job following the team's first-round exit from the World Cup.
Published 15 Apr, 2007 12:00am
Nigerians vote

Nigerians vote

Nigerians voted on Saturday for state governors in the first of two elections which should lead to the first fully democratic transition in Africa's most populous nation and top oil producer.
Published 15 Apr, 2007 12:00am
Thai flash floods kill 23

Thai flash floods kill 23

Flash floods killed at least 23 holidaymakers and injured more than 20 at three waterfalls in the southern Thai province of Trang on Saturday as they celebrated the Thai New Year, disaster officials said.
Published 15 Apr, 2007 12:00am
One trillion tax target

One trillion tax target

The Central Board of Revenue is committed to meeting the revised revenue target of Rs 1 trillion set for the next financial year despite a shortfall in collection of custom duty and sales tax.
Published 15 Apr, 2007 12:00am
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