AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-05-03
German jobless falls to six-year low

German jobless falls to six-year low

German unemployment fell for a 13th month running to a six-year low in April, bolstering hopes a labour market revival can spur the consumer spending that accounts for almost two-thirds of Europe's biggest economy. The seasonally-adjusted jobless total fe
Published 03 May, 2007 12:00am
Thousands strike in Germany to push for better pay

Thousands strike in Germany to push for better pay

More than 60,000 workers in Germany's engineering and metalworking sector took part in temporary stoppages on Wednesday, turning up the pressure on employers the day before a key round of wage negotiations.
Published 03 May, 2007 12:00am
Time Warner posts higher-than-expected profit

Time Warner posts higher-than-expected profit

Time Warner Inc on Wednesday reported a first-quarter profit that beat Wall Street expectations, boosted by a rise in new cable video, Internet and phone subscribers and AOL advertising sales. Shares rose more than 1 percent before the bell as Time Warner
Published 03 May, 2007 12:00am
Time Warner posts higher-than-expected profit

Time Warner posts higher-than-expected profit

Time Warner Inc on Wednesday reported a first-quarter profit that beat Wall Street expectations, boosted by a rise in new cable video, Internet and phone subscribers and AOL advertising sales. Shares rose more than 1 percent before the bell as Time Warner
Published 03 May, 2007 12:00am
Citigroup to buy Bisys for $1.45 billion

Citigroup to buy Bisys for $1.45 billion

Citigroup Inc said on Wednesday it agreed to buy financial services provider Bisys Group Inc for $1.45 billion to offer more services to hedge funds and private equity firms. The largest US bank would keep Roseland, New Jersey-based Bisys' fund services a
Published 03 May, 2007 12:00am
Allianz first quarter profit jumps 80 percent

Allianz first quarter profit jumps 80 percent

Capital gains helped Europe's biggest insurer Allianz boost net profit by nearly 80 percent in the first quarter, beating analysts' forecasts and offsetting flat revenue growth.
Published 03 May, 2007 12:00am
Allianz first quarter profit jumps 80 percent

Allianz first quarter profit jumps 80 percent

Capital gains helped Europe's biggest insurer Allianz boost net profit by nearly 80 percent in the first quarter, beating analysts' forecasts and offsetting flat revenue growth.
Published 03 May, 2007 12:00am
Alliance Boots year profit up 7.4 percent

Alliance Boots year profit up 7.4 percent

Alliance Boots Plc, Britain's biggest pharmacy chain, reported a 7.4 percent rise in its underlying annual profit on Wednesday and said it expected its good trading performance to continue in the current year.
Published 03 May, 2007 12:00am
Alliance Boots year profit up 7.4 percent

Alliance Boots year profit up 7.4 percent

Alliance Boots Plc, Britain's biggest pharmacy chain, reported a 7.4 percent rise in its underlying annual profit on Wednesday and said it expected its good trading performance to continue in the current year.
Published 03 May, 2007 12:00am
Eurozone jobless hits new low

Eurozone jobless hits new low

Unemployment in the eurozone hit a new record low in March, a move economists said would likely boost future private consumption and put upward pressure on wages, triggering more European Central Bank rate rises.
Published 03 May, 2007 12:00am
India interested in Saudi oil storage

India interested in Saudi oil storage

India said on Wednesday it would be interested in a deal for Saudi Arabia to store oil on its territory, after Japan recently revealed it would enter talks on storing Saudi crude. "Why not?" Indian Minister of Petroleum and Natural Gas Murli Deora told re
Published 03 May, 2007 12:00am
China needs to act quickly on yuan: Paulson

China needs to act quickly on yuan: Paulson

US Treasury Secretary Henry Paulson said on Wednesday that China needs to take advantage of strong economic conditions to speed up its move toward a market determined currency. "Time is of the essence here," Paulson told a gathering of academics and Washi
Published 03 May, 2007 12:00am
EU Commission seen raising eurozone growth forecast

EU Commission seen raising eurozone growth forecast

The European Commission is likely to raise its 2007 economic growth forecast for the eurozone on Monday because of a stronger-than-expected performance by Germany, European Union sources said. The Commission's last projection on growth this year in the 13
Published 03 May, 2007 12:00am
Saudi Arabia soothes Asia on oil

Saudi Arabia soothes Asia on oil

Opec power Saudi Arabia assured Asian consumers on Wednesday of secure oil flows and predicted a drive towards energy efficiency would limit the need for future supplies. The world's top oil exporter is unlikely to raise its output capacity beyond 12.5 mi
Published 03 May, 2007 12:00am
JGBs slip on profit-taking

JGBs slip on profit-taking

Japanese government bond futures edged down from a one-month high on Wednesday as dealers booked profits ahead of the second half of the Golden Week holidays and a 10-year bond auction next week.
Published 03 May, 2007 12:00am
JGBs slip on profit-taking

JGBs slip on profit-taking

Japanese government bond futures edged down from a one-month high on Wednesday as dealers booked profits ahead of the second half of the Golden Week holidays and a 10-year bond auction next week.
Published 03 May, 2007 12:00am
Philippines share end flat

Philippines share end flat

Philippines share prices closed flat on Wednesday as last-minute profit-taking in blue chips offset gains in the broader market, dealers said. Investors turned cautious in the absence of fresh leads and did not sustain the early buy interest, with importa
Published 03 May, 2007 12:00am
Hong Kong blue chips rise

Hong Kong blue chips rise

Hong Kong blue chips gained 0.3 percent on Wednesday, as HSBC rose after a Dubai-based firm said it had taken a large stake in the bank, and utility stocks jumped as investors sought safe havens in the wake of China's latest tightening measures.
Published 03 May, 2007 12:00am
US stocks close higher on mergers

US stocks close higher on mergers

US stocks closed higher on Tuesday, with the Dow Jones industrials setting another record high after news of unexpected growth in manufacturing and a surprise $5 billion bid for Dow Jones & Co Inc by Rupert Murdoch's News Corp.
Published 03 May, 2007 12:00am
Taiwan stocks little firmer

Taiwan stocks little firmer

Taiwan stocks rose 0.35 percent on Wednesday, with major tech exporters such as Hon Hai leading a rebound from a one-month low after the Dow Jones Industrials set another record high. The main TAIEX share index ended up 27.62 points at 7,903.04.
Published 03 May, 2007 12:00am
US Treasuries fall on strong ISM report

US Treasuries fall on strong ISM report

US Treasury debt prices fell on Tuesday after a report on factory activity showed unexpected strength and lurking inflationary pressure, suggesting the Federal Reserve may put off cutting interest rates for some time.
Published 03 May, 2007 12:00am
US Treasuries fall on strong ISM report

US Treasuries fall on strong ISM report

US Treasury debt prices fell on Tuesday after a report on factory activity showed unexpected strength and lurking inflationary pressure, suggesting the Federal Reserve may put off cutting interest rates for some time.
Published 03 May, 2007 12:00am
Jakarta shares soar

Jakarta shares soar

Indonesian share prices closed 0.37 percent higher in a volatile session on Wednesday, with late interest in selected large caps helping the main index end in positive territory, dealers said. The Jakarta Stock Exchange composite index rose 7.381 points a
Published 03 May, 2007 12:00am
Singapore stocks rally

Singapore stocks rally

Singapore share prices closed 1.68 percent higher on Wednesday on buoyant sentiment driven by a record finish on Wall Street overnight, dealers said. Optimism ahead of corporate results due this week also prompted some buying, they said.
Published 03 May, 2007 12:00am
Thai share prices surge

Thai share prices surge

Thai share prices closed 0.90 percent higher on Wednesday as investors took heart from an economic stimulus package aimed at helping low-income earners, dealers said. They said a fresh record high on Wall Street and regional gains provided additional supp
Published 03 May, 2007 12:00am
Tokyo stocks up

Tokyo stocks up

The Nikkei share average rose 0.69 percent in thin trade on Wednesday as Sony Corp and other exporters rose as the dollar extended its gains against the yen. Air-conditioner maker Daikin Industries Ltd advanced on earnings hopes, while a positive outlook
Published 03 May, 2007 12:00am
New Zealand shares dip

New Zealand shares dip

New Zealand share prices closed 0.11 percent lower on Wednesday as investors focussed on the uncertain prospects for the local economy rather than rises in the US and Australian markets, dealers said. The NZX-50 gross index fell 4.67 points to 4,186.99 on
Published 03 May, 2007 12:00am
Australian shares jump

Australian shares jump

Australian share prices jumped 1.5 percent to a fresh all-time high on Wednesday after another record performance on Wall Street overnight lifted the market, dealers said. They said the central bank's decision to leave interest on hold at 6.25 percent add
Published 03 May, 2007 12:00am
Canadian dollar falls

Canadian dollar falls

The Canadian dollar ended flat against the greenback on Tuesday, giving up early gains as Bank of Canada Governor David Dodge said the currency has been rising faster than the bank had expected, a comment that triggered some profit-taking. Bond prices eas
Published 03 May, 2007 12:00am
Hong Kong dollar edges lower

Hong Kong dollar edges lower

The Hong Kong dollar edged lower against a broadly firmer US currency on Wednesday, while short-dated interbank rates rebounded from morning lows. The domestic currency was trading at 7.8218/19 to the US dollar, down from 7.8210/11 in late Asia trade on M
Published 03 May, 2007 12:00am
Dollar hits two-month high

Dollar hits two-month high

The dollar surged to a two-month high against the yen on Wednesday, extending gains in the wake of data that showed US manufacturing has been expanding at its fastest pace in almost a year. The Institute for Supply Management said its index of national fa
Published 03 May, 2007 12:00am
Dollar edges up

Dollar edges up

The dollar rose on Tuesday, hitting a nine-week high against the yen, after a report showed US manufacturing expanding at its fastest pace in almost a year. Contrasting with recent weak economic reports that have weighed on the dollar, the headline number
Published 03 May, 2007 12:00am
Australian dollar slides

Australian dollar slides

The Australian dollar fell as much as 0.8 percent against a broadly firmer US dollar on Wednesday after a strong US manufacturing report, and was also helped lower by selling against the yen before a two-day holiday in Japan.
Published 03 May, 2007 12:00am
Singapore dollar at 1-1/2-month low

Singapore dollar at 1-1/2-month low

The Singapore dollar slipped to its weakest level in 1-1/2 months on Wednesday as banks readjusted their positions, but Asian currencies were mostly steady as markets in several countries were closed for holidays.
Published 03 May, 2007 12:00am
Swiss franc pulls back from new euro lows

Swiss franc pulls back from new euro lows

The Swiss franc edged back from multi-year lows against the euro and ticked down against the dollar on Wednesday ahead of key Swiss economic data. Markets have kept the franc under steady pressure as a cheap funding currency for investments in higher-yiel
Published 03 May, 2007 12:00am
Thaksin rivals ridicule election as Thai PGA chief

Thaksin rivals ridicule election as Thai PGA chief

The Thai junta leader Wednesday mocked the naming of ousted premier Thaksin Shinawatra as head of the Professional Golf Association of Thailand. "It's ridiculous. I think Thais are in a confused condition. Some may not be able to separate what is good fro
Published 03 May, 2007 12:00am
Waske advances in Munich, will face Baghdatis

Waske advances in Munich, will face Baghdatis

Unseeded Alexander Waske of Germany advanced to the quarter-finals of the $416,000 Munich Open on Wednesday, beating compatriot Daniel Brands 7-6 7-6. The unseeded, 31-year-old Waske, looking to become the first German winner of the tournament since Micha
Published 03 May, 2007 12:00am
Chinese pioneer Zhang on mission to help youngsters

Chinese pioneer Zhang on mission to help youngsters

Zhang Lian-wei blazed the trail for Chinese golfers and he still sees it as his mission to promote the game as his playing career starts to wind down. Zhang turned 42 on Wednesday and while remaining hungry for success, he is focusing more and more on hel
Published 03 May, 2007 12:00am
Safin joins entries at London's Queen's Club

Safin joins entries at London's Queen's Club

Former world number one Marat Safin has joined the entry list for next month's Queen's Club tournament, organisers said on Wednesday. The 26th-ranked Russian, who won the US Open in 2000 and the Australian Open two years ago, joins world number two Rafael
Published 03 May, 2007 12:00am
Serena Williams withdraws from Berlin

Serena Williams withdraws from Berlin

Former world number one Serena Williams announced on Wednesday she has been forced to withdraw from next week's German Open in Berlin with a troublesome groin strain. The 25-year-old, currently ranked 12th in the world, has struggled with injury recently
Published 03 May, 2007 12:00am
UEFA Cup final at stake for fired-up Sevilla

UEFA Cup final at stake for fired-up Sevilla

Holders Sevilla are determined to atone for their below-par first-leg performance and reach successive UEFA Cup finals at the expense of compatriots Osasuna on Thursday. Osasuna, who pinned their opponents back for long periods, take a slender 1-0 lead to
Published 03 May, 2007 12:00am
Blatter sure World Cup will be in South Africa

Blatter sure World Cup will be in South Africa

FIFA president Sepp Blatter said on Wednesday he was certain the 2010 World Cup would go ahead as planned in South Africa even though soccer's governing body had made contingency plans for a last-minute switch. "It will take place in South Africa...I have
Published 03 May, 2007 12:00am
Crisis may help Turkish democracy: EU's Rehn

Crisis may help Turkish democracy: EU's Rehn

Turkey could emerge stronger from its political crisis if all sides in the EU candidate nation showed responsibility and respected democratic principles, the European Union's enlargement chief said on Wednesday. Turkey is mired in political strife after i
Published 03 May, 2007 12:00am
Somaliland leader rules out reunion with Somalia

Somaliland leader rules out reunion with Somalia

The leader of the self-declared breakaway enclave of Somaliland ruled out reuniting with battle-scarred Somalia and said the interim government's claim of victory over insurgents in Mogadishu was premature.
Published 03 May, 2007 12:00am
UK's law lords back OK! in Douglas, Zeta-Jones case

UK's law lords back OK! in Douglas, Zeta-Jones case

Britain's highest court backed celebrity magazine OK! over rival Hello! on Wednesday, ending a long-running court battle over photographs of the 2000 wedding of Hollywood couple Michael Douglas and Catherine Zeta-Jones.
Published 03 May, 2007 12:00am
Small and unexciting steps can make big climate leap

Small and unexciting steps can make big climate leap

Simple steps to save energy such as changing light bulbs or not quite filling up the kettle can also save carbon emissions, a UN report will say this week. The numbers are big: some $122 billion will be saved and nearly a billion tonnes of carbon dioxide
Published 03 May, 2007 12:00am
US and India aim to seal nuclear deal soon

US and India aim to seal nuclear deal soon

Top US State Department official Nicholas Burns will head to India this month to try to wrap up a landmark nuclear pact after talks here achieved "extensive progress," a US official said Tuesday.
Published 03 May, 2007 12:00am
ICC issues arrest warrants for Darfur suspects

ICC issues arrest warrants for Darfur suspects

International Criminal Court judges issued their first arrest warrants for suspects accused of war crimes in Sudan's Darfur region, the ICC said on Wednesday, but Sudan refused to hand over the men. The warrants were issued for Ahmed Haroun, former state
Published 03 May, 2007 12:00am
Key players meet in Egypt to stabilise Iraq

Key players meet in Egypt to stabilise Iraq

Countries bordering Iraq and those with a stake in its future meet in Egypt on Thursday and Friday to discuss how to contain the conflict and prevent it sucking in Iraq's neighbours.
Published 03 May, 2007 12:00am
Olmert dismisses calls to resign

Olmert dismisses calls to resign

Israeli Prime Minister Ehud Olmert brushed aside calls to resign from his foreign minister and other leading figures on Wednesday, acknowledging he was in a difficult position but vowing to fix all mistakes.
Published 03 May, 2007 12:00am
Turkish ruling party proposes June 24 election

Turkish ruling party proposes June 24 election

Prime Minister Tayyip Erdogan proposed on Wednesday holding an early parliamentary election on June 24 to end a stand-off between his Islamist-rooted government and the secular elite over Turkey's political direction.
Published 03 May, 2007 12:00am
Car bomb kills six in Baghdad

Car bomb kills six in Baghdad

A car bomb killed at least six people and wounded 45 near a police station in a Shia stronghold in Baghdad on Wednesday, a hospital official said. The car bomb went off around dusk in Sadr City, police said. A US-backed security crackdown in Baghdad, now
Published 03 May, 2007 12:00am
Afghans lose patience over killings: Karzai

Afghans lose patience over killings: Karzai

President Hamid Karzai warned on Wednesday that Afghan patience was wearing thin over the killing of civilians by Western forces hunting Taliban guerrillas, saying further deaths would lead to bad consequences.
Published 03 May, 2007 12:00am
Five Afghan soldiers killed rescuing Czech diplomat

Five Afghan soldiers killed rescuing Czech diplomat

Five soldiers and seven militants were killed in fighting that erupted when security forces went to rescue a Czech diplomat who came under fire in eastern Afghanistan, an official said Wednesday.
Published 03 May, 2007 12:00am
Iran vows no nuclear retreat, US urges diplomacy

Iran vows no nuclear retreat, US urges diplomacy

Iran underlined its determination to press ahead with sensitive nuclear work despite Western opposition on Wednesday when a senior official said it was capable of mass-producing machines used for enriching uranium.
Published 03 May, 2007 12:00am
Islam Conference struggles to make progress

Islam Conference struggles to make progress

The German government and representatives of the country's 3.2 million Muslims failed to make any concrete progress at a high-profile summit on Wednesday aimed at boosting integration.
Published 03 May, 2007 12:00am
China, India and Brazil hold up climate change talks

China, India and Brazil hold up climate change talks

A demand by China, India and Brazil that rich nations accept they are mainly responsible for global warming has held up progress at a key UN climate change conference here, delegates said Wednesday.
Published 03 May, 2007 12:00am
Iran arrests former nuclear negotiator

Iran arrests former nuclear negotiator

Iranian authorities arrested a former nuclear negotiator "for security reasons", the official IRNA news agency said on Wednesday. Hossein Mousavian, considered a moderate conservative by analysts, was a member of Iran's nuclear negotiating team with the E
Published 03 May, 2007 12:00am
Sterling falls on mortgage data

Sterling falls on mortgage data

Sterling fell against a broadly buoyant dollar and versus the euro on Wednesday after weaker-than-expected UK mortgage data signalled the housing market may be cooling. British Mortgage approvals in March fell to their lowest level in a year, with the Ban
Published 03 May, 2007 12:00am
Dollar rises in London

Dollar rises in London

The dollar hit a two-month high versus the yen on Wednesday, extending gains kicked off by data the previous session that showed US manufacturing expanding at its fastest pace in almost a year. The euro retreated from recent record highs versus the yen, t
Published 03 May, 2007 12:00am
Bonds: Corus CDS hit by repurchase offer

Bonds: Corus CDS hit by repurchase offer

The cost of insuring against a default by Corus rose on Wednesday as traders said the steel company's offer to repurchase bonds was unlikely to be accepted by bondholders.
Published 03 May, 2007 12:00am
Bonds: Corus CDS hit by repurchase offer

Bonds: Corus CDS hit by repurchase offer

The cost of insuring against a default by Corus rose on Wednesday as traders said the steel company's offer to repurchase bonds was unlikely to be accepted by bondholders.
Published 03 May, 2007 12:00am
Turkish shares rebound

Turkish shares rebound

Turkish financial markets ended stronger on Wednesday but off their highs after the government called for early general elections on Tuesday in an attempt to end a political crisis over a disputed presidential poll.
Published 03 May, 2007 12:00am
Wednesday's mid-afternoon trade: Dow rises to record on deals, profits

Wednesday's mid-afternoon trade: Dow rises to record on deals, profits

US stocks rose and the Dow set a record on Wednesday, boosted by solid profits, a buyout offer for Cablevision Systems Corp and data showing surprising strength in the manufacturing sector. In earnings news, media company Time Warner Inc and MasterCard In
Published 03 May, 2007 12:00am
Seoul shares gain

Seoul shares gain

Seoul shares posted their first gain in three sessions on Wednesday as exporters such as Hyundai Motor advanced on data showing faster-than-expected export growth, while stocks sensitive to fuel costs gained on lower oil prices.
Published 03 May, 2007 12:00am
Britain's top share index rises

Britain's top share index rises

Britain's top share index scored a 1 percent gain on Wednesday, as results sent Lonmin and BSkyB flying, while an undercurrent of M&A hopes also helped inject life into the market. South Africa-focused miner Lonmin climbed 7.8 percent to an all-time high
Published 03 May, 2007 12:00am
Foreign miners find more uranium in Zambia

Foreign miners find more uranium in Zambia

Australia's Africa-focused miners Albidon Ltd and African Energy Resources have jointly discovered more uranium deposits in southern Zambia, Albidon said in a statement on Wednesday. Albidon said the new uranium targets were confirmed by soil sampling at
Published 03 May, 2007 12:00am
US sugar banks on exports to Mexico

US sugar banks on exports to Mexico

As the countdown continues to free sugar trade between the United States and Mexico, the US sugar industry is wagering that favourable prices and poor Mexican output will stave off a ruinous flood of imports.
Published 03 May, 2007 12:00am
Brent oil falls below $67

Brent oil falls below $67

Oil fell below $67 a barrel on Wednesday, after a US government report showed a build in crude inventories in the world's top consumer. London Brent, seen for now as more representative of global prices than US oil, settled down 75 cents at $66.25 a barre
Published 03 May, 2007 12:00am
Tunisia wheat imports jump 34 percent

Tunisia wheat imports jump 34 percent

Tunisia's wheat imports rose 34 percent in the first two months of the year as local manufacturers bought more durum wheat for re-export as pasta, government figures showed on Wednesday. The North African country's wheat imports grew to 336,000 tonnes fro
Published 03 May, 2007 12:00am
New York cotton futures settle higher

New York cotton futures settle higher

Cotton futures settled higher Wednesday on commercial and trade buying as they recovered after hitting a new low although the technical outlook remains gloomy, brokers said. New York Board of Trade's open-outcry July cotton contract closed up 0.40 cent at
Published 03 May, 2007 12:00am
Biofuels and gas to stifle Thai oil demand

Biofuels and gas to stifle Thai oil demand

Thailand said on Wednesday it expects to become a bigger exporter of gasoline and diesel as its aggressive push for biofuels and natural gas will wipe out demand growth for the conventional transportation fuels.
Published 03 May, 2007 12:00am
Copper prices erratic, lead hits highs

Copper prices erratic, lead hits highs

Copper slipped after erratic trade on Wednesday as a stronger dollar offset support from a Peruvian mine strike and robust manufacturing data, while lead hit a fresh record high. Copper for delivery in three months rose as high as $8,030 a tonne before en
Published 03 May, 2007 12:00am
European gold and silver pare losses

European gold and silver pare losses

Gold and silver prices hit one-month lows on Wednesday as softer oil prices and a rise in the dollar against the euro triggered profit-taking, analysts said. The metals pared losses by afternoon trade in New York but remained vulnerable to technical selli
Published 03 May, 2007 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

Wheat futures at the Chicago Board of Trade were lower at midsession on Wednesday, setting back from Tuesday's late rally as concerns eased about US and European wheat production, traders said.
Published 03 May, 2007 12:00am
US MIDDAY: corn higher

US MIDDAY: corn higher

Corn futures at the Chicago Board of Trade were higher early on Wednesday with slow seedings of the US corn crop boosting prices, traders said. At 10:24 am CDT (1524 GMT), CBOT corn was up 1 to 4 cents per bushel, with May up 3 at $3.70-1/2 per bushel. Ju
Published 03 May, 2007 12:00am
US MIDDAY: soyabeans slip

US MIDDAY: soyabeans slip

Soyabean futures at the Chicago Board of Trade slipped on Wednesday, after climbing to a two-week high Tuesday, when soyameal led beans higher, traders said.
Published 03 May, 2007 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper gave up Wednesday's early gains after profit-taking and selling prompted by talks aimed at ending a strike by Peruvian miners who produce a third of the world's copper.
Published 03 May, 2007 12:00am
US MIDDAY: gold futures fall

US MIDDAY: gold futures fall

Selling based on technical-chart indicators and contract rollover drove US gold futures lower early on Wednesday for a second straight day, and analysts said further declines were possible in the short term.
Published 03 May, 2007 12:00am
'Extensive interactive plans needed for youth'

'Extensive interactive plans needed for youth'

Federal Minister for Women Development and Youth Affairs Sumaira Malik on Wednesday called for arranging extensive interactive activities for Muslim youth to promote harmony in the Ummah. She was addressing a ministerial committee of the First Islamic con
Published 03 May, 2007 12:00am
Madressahs not imparting terror training: Ijaz

Madressahs not imparting terror training: Ijaz

Minister for Religious Affairs Ijazul Haq on Wednesday has denied the allegation made by British secret service M15 that Pakistani religious institutions are playing role of terrorist training camps, and said that Britain could not provide evidence to thi
Published 03 May, 2007 12:00am
2.73 million mobile phones added in one month

2.73 million mobile phones added in one month

The latest figures from Pakistan Telecommunications Authority show that March 2007 was the best month for proportionate growth in the mobile market in Pakistan since the sudden change of gear in November 2006.
Published 03 May, 2007 12:00am
Plea for safe return of 'kidnapped' businessman

Plea for safe return of 'kidnapped' businessman

The family of a businessman feared kidnapped in Pakistan has made a desperate plea for his safe return. Salman Sabir, 29, whose brother and fiancée live in Bradford, vanished in Karachi 11 days ago. His mobile phone has since then been dead and his relati
Published 03 May, 2007 12:00am
Nadra's money transfer scheme on the anvil

Nadra's money transfer scheme on the anvil

The National Database and Registration Authority (Nadra) has begun work on money transfer scheme through merchant cards to facilitate people from the low-income group.
Published 03 May, 2007 12:00am
Four Pakistanis beheaded in Saudi Arabia

Four Pakistanis beheaded in Saudi Arabia

Four Pakistanis convicted in murder and rape cases were beheaded on Wednesday by Saudi authorities. The Saudi Arabian media quoting interior ministry announcement reported the names of the executed persons as Shah Mohammad, Mazha Fazal Illahi, Ijaz Ali an
Published 03 May, 2007 12:00am
Power supply to 24 more departments disconnected

Power supply to 24 more departments disconnected

Peshawar Electricity Supply Company (Pesco) on Wednesday disconnected power supply to 24 defaulting government departments whereas recovered Rs 15.7 million from Hazara Circle during its disconnection and recovery campaign against defaulters in the provin
Published 03 May, 2007 12:00am
An eye-opener

An eye-opener

Many newspapers carried images of Bollywood stars Aishwariya and Abhishek when they married in India a couple of weeks ago. There's no denying that the media gave too much importance to the wedding, but there are other important events as well which shoul
Published 03 May, 2007 12:00am
Bank branch

Bank branch

The existing space on which there is only and one HBL branch in block-18 has lots of constraints to accommodate banking services for clients residing Gulistan-e-Jauhar, Karachi.
Published 03 May, 2007 12:00am
Kal bhi, aaj bhi aur kal bhi...

Kal bhi, aaj bhi aur kal bhi...

Amongst fundamental rights guaranteed under the Constitution, the document much talked about by all in power and those aspiring to power, citizens of this 'moderately enlightened' land have the right to know.
Published 03 May, 2007 12:00am
Will suicidal Swiss stick to their guns?

Will suicidal Swiss stick to their guns?

Switzerland is one of the world's richest and most tranquil countries, but it also has more suicides than most. This may show that money doesn't buy happiness, but some Swiss also blame the guns.
Published 03 May, 2007 12:00am
Asia struggles to stop relentless "pollution calendar"

Asia struggles to stop relentless "pollution calendar"

Take one last look at the government pollution website to check the air toxicity outside, then grab your keys and go. This is the "haze routine" Singaporeans may dust off this summer if Indonesia's annual forest fires again smother the island in noxious y
Published 03 May, 2007 12:00am
Need for national consensus on economic issues - I

Need for national consensus on economic issues - I

This paper provides a non-political and realistic analysis of the state of affairs of Pakistan economy in the pre-budget scenario for the year 2007-2008. Discussion in the following paragraphs include the theoretical perspectives, with their present indic
Published 03 May, 2007 12:00am
Previous Day