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Print - 2007-05-05
Pakistan and Poland relations heading for a better future

Pakistan and Poland relations heading for a better future

Pakistan and Poland have enjoyed excellent and close relations for long time, almost since inception of Pakistan. Diplomatic relation between these two countries was established in 1962 but since 1948, both countries have shared deep rooted political and
Published 05 May, 2007 12:00am
Karachi stocks hit fresh all-time high

Karachi stocks hit fresh all-time high

The local share market witnessed another bullish session on the back of fresh institutional and foreign buying and the benchmark KSE-100 index breached thorough the 12,500 psychological barrier to close at its highest ever level of 12,512.08 points with a
Published 05 May, 2007 12:00am
The fruitful visit of President Pervez Musharraf to Poland

The fruitful visit of President Pervez Musharraf to Poland

Poles warmly and cordially welcomed President General Pervez Musharraf during his official visits to the Republic of Poland, from April 22 to 23. This was the first ever visit by a head of state from Pakistan to our country.
Published 05 May, 2007 12:00am
Karachi stocks hit fresh all-time high

Karachi stocks hit fresh all-time high

The local share market witnessed another bullish session on the back of fresh institutional and foreign buying and the benchmark KSE-100 index breached thorough the 12,500 psychological barrier to close at its highest ever level of 12,512.08 points with a
Published 05 May, 2007 12:00am
Pakistan - Poland cooperation enters new era

Pakistan - Poland cooperation enters new era

My Dear Pakistanis Friends, It is an honour and privilege for me to address you on very important events for Poland: the 216th anniversary of the proclamation of May 3 Constitution our national day, Poland's 3rd anniversary of EU member-ship- 1st May and
Published 05 May, 2007 12:00am
Islamabad and Kabul plan for tribal gathering

Islamabad and Kabul plan for tribal gathering

Pakistan and Afghanistan, intent on ending a blame game over the Taliban insurgency, have drafted plans for their presidents to jointly address a gathering of tribal elders, intellectuals, writers and politicians.
Published 05 May, 2007 12:00am
Islamabad and Kabul plan for tribal gathering

Islamabad and Kabul plan for tribal gathering

Pakistan and Afghanistan, intent on ending a blame game over the Taliban insurgency, have drafted plans for their presidents to jointly address a gathering of tribal elders, intellectuals, writers and politicians.
Published 05 May, 2007 12:00am
The President said

The President said

During this first visit our president Lech Kaczynski said: Historical ties connect us. I must say that I did not know that so many people from my country had taken refuge in Pakistan, that in quite distant times, though still remembered by my generation,
Published 05 May, 2007 12:00am
Pakistan and India to open bank branches

Pakistan and India to open bank branches

An understanding has been reached between the Reserve Bank of India (RBI) and the State Bank of Pakistan (SBP) on granting permission for opening two branches of banks in each others country, on a reciprocal basis.
Published 05 May, 2007 12:00am
Message from Chairman, Pakistan-Poland Friendship Association

Message from Chairman, Pakistan-Poland Friendship Association

It is indeed a great opportunity to wish the Polish people on the occasion of their independence day. Pakistan-Poland Friendship Association was founded last year to provide a platform for strengthening the friendship between Pakistan and Polish people.
Published 05 May, 2007 12:00am
Pakistan and India to open bank branches

Pakistan and India to open bank branches

An understanding has been reached between the Reserve Bank of India (RBI) and the State Bank of Pakistan (SBP) on granting permission for opening two branches of banks in each others country, on a reciprocal basis.
Published 05 May, 2007 12:00am
Message from Charge d, Affaires of Poland in Pakistan

Message from Charge d, Affaires of Poland in Pakistan

On the occasion of the anniversary of promulgation of the National Day of Poland, the 216th historic May 3rd 1791 Constitution, I take this opportunity to convey my best wishes to the government and people of Pakistan in all areas of personal and national
Published 05 May, 2007 12:00am
Iranian minister leaves dinner over red dress

Iranian minister leaves dinner over red dress

Iran's foreign Minister Manouchehr Mottaki abruptly left a dinner where he was to sit opposite US Secretary of State Condoleezza Rice, complaining that a red dress worn by an entertainer was too revealing, a US official said on Friday.
Published 05 May, 2007 12:00am
Tunisia buys milling wheat

Tunisia buys milling wheat

Tunisia's state grains agency has purchased 42,000 tonnes of soft milling wheat in a tender for the same volume which closed on Friday, European traders said. Origin was optional and price was said to be $249.55 a tonne c&f. It was thought likely to come
Published 05 May, 2007 12:00am
Iranian minister leaves dinner over red dress

Iranian minister leaves dinner over red dress

Iran's foreign Minister Manouchehr Mottaki abruptly left a dinner where he was to sit opposite US Secretary of State Condoleezza Rice, complaining that a red dress worn by an entertainer was too revealing, a US official said on Friday.
Published 05 May, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 76,211 tonnes cargo including 46,633 tonnes import, 29,578 tonnes export cargo and 1,489 containers (TEUs) during last 24 hours ending at 0700 hours on Friday.
Published 05 May, 2007 12:00am
Foreign investors forced to roll back from Sonmiani

Foreign investors forced to roll back from Sonmiani

Foreign investors who planned to set up export-oriented mineral exploration and allied facilities in the proximity of Sonmiani are planning to roll back due to federal government''s move to construct country''s Allah Din Port.
Published 05 May, 2007 12:00am
FOB Gulf soya weaker; corn steady to firmer

FOB Gulf soya weaker; corn steady to firmer

US FOB Gulf soyabean basis offers were steady to weaker on Thursday, pressured by the lack of export demand and high ocean freight, traders said. Corn export premiums held steady and rose slightly for nearby shipment, reflecting little country movement as
Published 05 May, 2007 12:00am
Foreign investors forced to roll back from Sonmiani

Foreign investors forced to roll back from Sonmiani

Foreign investors who planned to set up export-oriented mineral exploration and allied facilities in the proximity of Sonmiani are planning to roll back due to federal government's move to construct country's Allah Din Port.
Published 05 May, 2007 12:00am
Dry weekend to aid maturing Brazilian coffee

Dry weekend to aid maturing Brazilian coffee

Brazilian coffee areas will have warm, dry weather over the weekend, aiding maturing of the new crop and early harvesting, private weather service Somar said on Friday. Somar said in a daily report that a mass of hot air would hang over the coffee belt un
Published 05 May, 2007 12:00am
Foreign investors forced to roll back from Sonmiani

Foreign investors forced to roll back from Sonmiani

Foreign investors who planned to set up export-oriented mineral exploration and allied facilities in the proximity of Sonmiani are planning to roll back due to federal government's move to construct country's Allah Din Port.
Published 05 May, 2007 12:00am
Rain paralyses Cuban sugar harvesting

Rain paralyses Cuban sugar harvesting

Torrential rain paralysed sugar harvesting in much of eastern Cuba through central Camaguey province this week, local sources said, all but washing out area efforts to recoup tonnage from a disastrous season.
Published 05 May, 2007 12:00am
Pakistani banker jailed on nine deals in New York

Pakistani banker jailed on nine deals in New York

The Federal authorities arrested an investment banker on Thursday and charged him with illegally leaking confidential information on nine deals, including the $45 billion buyout of the Texas energy giant TXU, says the New York Times.
Published 05 May, 2007 12:00am
HRW wheat bids steady

HRW wheat bids steady

US Plains hard red winter wheat basis bids were mostly steady on Friday, with a better-than-expected Kansas crop likely to weigh prices. An industry-organised tour of Kansas wheat fields on Thursday estimated the state's crop at 392.7 million bushels, up
Published 05 May, 2007 12:00am
Pakistani banker jailed on nine deals in New York

Pakistani banker jailed on nine deals in New York

The Federal authorities arrested an investment banker on Thursday and charged him with illegally leaking confidential information on nine deals, including the $45 billion buyout of the Texas energy giant TXU, says the New York Times.
Published 05 May, 2007 12:00am
WCE canola futures higher

WCE canola futures higher

Winnipeg Commodity Exchange canola futures ended mainly higher on Thursday, finding support from small speculative buying after tracking gains in US soya futures for most of the day, traders said. "We came off when the beans came off," a trader said.
Published 05 May, 2007 12:00am
US Midwest corn and soyabeans steady

US Midwest corn and soyabeans steady

Spot basis bids for corn and soyabeans were mostly steady around the interior US Midwest on Thursday but soyabean bids fell along rivers due to weakness in the CIF market, grain dealers said. Country movement was light because many farmers were in the fie
Published 05 May, 2007 12:00am
CBOT wheat futures mostly higher

CBOT wheat futures mostly higher

Wheat futures at the Chicago Board of Trade settled mostly higher on Thursday as a surge in corn prices helped the market overcome poor exports and bearish reports from a Kansas wheat tour, traders said. However, both wheat and corn futures came off the d
Published 05 May, 2007 12:00am
Oil cake market rates

Oil cake market rates

Downward trend was seen on the forward cottonseed oilcake market on Friday following reports of fresh arrivals, dealers said. The May vaida commenced with 40 paisa gain at Rs 647.00 and that proved to be day's best at the same level. Later it lost Rs 2.00
Published 05 May, 2007 12:00am
Militants blow up music shops

Militants blow up music shops

Suspected militants targeted music shops with explosive devices on in Charsadda, damaging a dozen outlets, police said Friday. The shops were closed when the crude home-made devices exploded at three markets late Thursday in the town of Charsada in North
Published 05 May, 2007 12:00am
Cotton market stands still on final arrival report

Cotton market stands still on final arrival report

No immediate impact was seen of lower-than-expected cotton crop in the cotton market on Friday, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2700, without upcountry expenses. Not a single deal was reported afte
Published 05 May, 2007 12:00am
ADB meets amid warnings on rich-poor gap, pollution

ADB meets amid warnings on rich-poor gap, pollution

The Asian Development Bank, under pressure to overhaul its operations, opened its annual meeting Friday to warnings of growing wealth inequalities, economic imbalances and pollution in the region.
Published 05 May, 2007 12:00am
Rates stay put on grain market

Rates stay put on grain market

Firm trend was witnessed on the grain market on Friday as most of the commodity items held their overnight levels, dealers said.
Published 05 May, 2007 12:00am
Progress on district cadre service reviewed

Progress on district cadre service reviewed

A high-level meeting here on Friday reviewed progress on creation of district cadre service as per mandate of the cabinet sub committee constituted by the Chief Minister for this purpose. NWFP Minister for Local Government and Rural Development Sardar Moh
Published 05 May, 2007 12:00am
Chemicals mixed on Jodia Bazar

Chemicals mixed on Jodia Bazar

The trading on chemicals moved mixed on Jodia Bazar here on Friday. The following variations were observed.
Published 05 May, 2007 12:00am
No hurdle in way of schemes to be tolerated: Akram Durrani

No hurdle in way of schemes to be tolerated: Akram Durrani

NWFP Chief Minister Akram Khan Durrani has reiterated his government's resolve that no hurdle in the way of uplift activities would be tolerated, saying all the developmental projects would be completed keeping in view the overall national interest.
Published 05 May, 2007 12:00am
NYBoT cotton stocks rise

NYBoT cotton stocks rise

Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of May 2 totalled 716,729 (480-lb) bales, from 712,701 bales the previous session. There were 3,282 bales issued, 3,806 bales were awaiting re
Published 05 May, 2007 12:00am
Supreme Court rejects government plea for full court

Supreme Court rejects government plea for full court

The Supreme Court of Pakistan on Friday taking objection over the government's application for constituting a full court bench to hear Presidential Reference against the chief justice and rejected the same.
Published 05 May, 2007 12:00am
New York cocoa ends firm

New York cocoa ends firm

US cocoa futures settled higher for the third straight day on Thursday, on a technical bounce following a sell-off that pulled prices off nearly four-year highs in mid-April, traders said.
Published 05 May, 2007 12:00am
Supreme Court rejects government plea for full court

Supreme Court rejects government plea for full court

The Supreme Court of Pakistan on Friday taking objection over the government's application for constituting a full court bench to hear Presidential Reference against the chief justice and rejected the same.
Published 05 May, 2007 12:00am
MGE wheat ends mixed, corn lifts new-crop months

MGE wheat ends mixed, corn lifts new-crop months

Spring wheat futures on the Minneapolis Grain Exchange closed mixed in thin, choppy trade on Thursday, with new-crop months supported by strength in the Chicago Board of Trade corn market, traders said. Corn futures led the Chicago grains complex higher o
Published 05 May, 2007 12:00am
Government told to furnish details of recovered persons

Government told to furnish details of recovered persons

The Supreme Court has directed government to give details of the 56 recovered persons out of a list of 148 missing persons. A three-member bench comprising Justice Javed Iqbal, Justice Abdul Hameed Dogar and Justice Shakirullah Jan held hearing of petitio
Published 05 May, 2007 12:00am
New York coffee lower

New York coffee lower

US arabica coffee futures settled down a shade on Thursday, amid light fund and speculative short covering in a rangebound session as the market lacked direction, traders said. "We're trading on both sides of $1.05 (basis July) and we're just lacking dire
Published 05 May, 2007 12:00am
Government told to furnish details of recovered persons

Government told to furnish details of recovered persons

The Supreme Court has directed government to give details of the 56 recovered persons out of a list of 148 missing persons. A three-member bench comprising Justice Javed Iqbal, Justice Abdul Hameed Dogar and Justice Shakirullah Jan held hearing of petitio
Published 05 May, 2007 12:00am
Indonesia palm oil market slow

Indonesia palm oil market slow

Indonesia's palm oil market saw little activity on Friday as players retreated on worries over government moves to control olein prices. Traders expect prices to ease next week after a strong run-up. There were no auctions in North Sumatra's Medan or at t
Published 05 May, 2007 12:00am
Government defends pre-qualification of Arif Habib in NIT

Government defends pre-qualification of Arif Habib in NIT

The Privatisation Commission has written a letter to the law ministry seeking legal position regarding pre-qualification of Arif Habib-led group for NIT sell-off. However, PML (N) leader and former chairman Privatisation Commission (PC) Khwaja Asif has al
Published 05 May, 2007 12:00am
US copper hits 10-month top

US copper hits 10-month top

New York copper set a new contract peak on Thursday when it rallied to its highest level since July, gaining on news that Peru's national copper strike seemed like it would continue for a while, traders said.
Published 05 May, 2007 12:00am
Government defends pre-qualification of Arif Habib in NIT

Government defends pre-qualification of Arif Habib in NIT

The Privatisation Commission has written a letter to the law ministry seeking legal position regarding pre-qualification of Arif Habib-led group for NIT sell-off. However, PML (N) leader and former chairman Privatisation Commission (PC) Khwaja Asif has al
Published 05 May, 2007 12:00am
US gold up

US gold up

Renewed buying interest from funds and a mining strike in major gold producer Peru propelled US gold futures to a solid finish on Thursday despite a higher dollar, as market sentiment turned more bullish ahead of the payrolls report.
Published 05 May, 2007 12:00am
Government defends pre-qualification of Arif Habib in NIT

Government defends pre-qualification of Arif Habib in NIT

The Privatisation Commission has written a letter to the law ministry seeking legal position regarding pre-qualification of Arif Habib-led group for NIT sell-off. However, PML (N) leader and former chairman Privatisation Commission (PC) Khwaja Asif has al
Published 05 May, 2007 12:00am
Gold near one-week high in Asian market

Gold near one-week high in Asian market

Gold was steady on Friday and within sight of its highest in a week scored the previous day as investors began to regain confidence despite the metal's repeated failure to approach $700 an ounce.
Published 05 May, 2007 12:00am
Government defends pre-qualification of Arif Habib in NIT

Government defends pre-qualification of Arif Habib in NIT

The Privatisation Commission has written a letter to the law ministry seeking legal position regarding pre-qualification of Arif Habib-led group for NIT sell-off. However, PML (N) leader and former chairman Privatisation Commission (PC) Khwaja Asif has al
Published 05 May, 2007 12:00am
Thai exporters to sell more rice to Iran

Thai exporters to sell more rice to Iran

Thai exporters expect to sell more rice to Iran in addition to two big lots sold through government channels, Thai Rice Exporters Association President Chookiat Ophaswongse said on Friday.
Published 05 May, 2007 12:00am
President for setting Rs one trillion revenue target for next year

President for setting Rs one trillion revenue target for next year

President General Pervez Musharraf has said the revenue collection target for the next year should be Rs one trillion and that the aim for next 10 years is to cross the mark of Rs four trillion. He was addressing as chief guest at the concluding session o
Published 05 May, 2007 12:00am
Oil ends steady

Oil ends steady

Oil crept up on Friday after falling a day, as the release of several foreign workers seized in Nigeria's restive oil-producing Niger Delta allayed concerns over further disruptions to its production.
Published 05 May, 2007 12:00am
President for setting Rs one trillion revenue target for next year

President for setting Rs one trillion revenue target for next year

President General Pervez Musharraf has said the revenue collection target for the next year should be Rs one trillion and that the aim for next 10 years is to cross the mark of Rs four trillion. He was addressing as chief guest at the concluding session o
Published 05 May, 2007 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin surged 3.4 percent on Friday, boosted by higher London Metal Exchange prices and strong Japanese buying, one dealer said.
Published 05 May, 2007 12:00am
President for setting Rs one trillion revenue target for next year

President for setting Rs one trillion revenue target for next year

President General Pervez Musharraf has said the revenue collection target for the next year should be Rs one trillion and that the aim for next 10 years is to cross the mark of Rs four trillion. He was addressing as chief guest at the concluding session o
Published 05 May, 2007 12:00am
LME copper near peak

LME copper near peak

Copper edged lower on Friday after scoring a 10-month high in the previous session, but a challenge to last May's record peak was possible later in the day or when markets on Tuesday.
Published 05 May, 2007 12:00am
US, European and Asian stocks rise

US, European and Asian stocks rise

US stocks and European shares advanced on Friday amid brisk take-over activity, while Treasury bond prices gained after soft US employment data increased expectations that the Fed may cut interest rates.
Published 05 May, 2007 12:00am
Indian soyaoil futures dip on tariff freeze

Indian soyaoil futures dip on tariff freeze

Indian soyaoil futures fell on Friday after the government said it would continue with a freeze on tariff values, used to calculate import duties. Sugar also dropped, extending a lengthy fall due to bulging supplies from mills.
Published 05 May, 2007 12:00am
US, European and Asian stocks rise

US, European and Asian stocks rise

US stocks and European shares advanced on Friday amid brisk take-over activity, while Treasury bond prices gained after soft US employment data increased expectations that the Fed may cut interest rates.
Published 05 May, 2007 12:00am
New York sugar ends up

New York sugar ends up

Raw sugar futures finished higher on Thursday on trade and suspected consumer buying, but the long shadow of a supply glut is seen keeping the market on the defensive in the weeks ahead, brokers said.
Published 05 May, 2007 12:00am
US, European and Asian stocks rise

US, European and Asian stocks rise

US stocks and European shares advanced on Friday amid brisk take-over activity, while Treasury bond prices gained after soft US employment data increased expectations that the Fed may cut interest rates.
Published 05 May, 2007 12:00am
Soya futures end unchanged

Soya futures end unchanged

Chicago Board of Trade soyabean futures closed nearly unchanged on Thursday, slipping from their highs as corn and soyabean oil moved off their highs, traders said. "Meal weakened and oil weakened, so beans fell. Oil didn't have any follow-through support
Published 05 May, 2007 12:00am
CBOT rice closes sharply higher

CBOT rice closes sharply higher

Chicago Board of Trade rough rice closed higher on Thursday, inching up throughout the session on technical buying amid the strength in the other CBOT markets, traders said. Buy-stops were hit from $10.33 to $10.38 per hundredweight in July.
Published 05 May, 2007 12:00am
Taiwan sugar imports slide

Taiwan sugar imports slide

High stocks of refined sugar in Taiwan resulting from overbuying in recent years have sharply cut imports in the first half of this year, but industry executives say the market may pick up again mid-year.
Published 05 May, 2007 12:00am
Malaysian palm oil down

Malaysian palm oil down

Malaysian crude palm oil futures closed lower on Friday as players booked profit after fresh eight-year highs in the session. The benchmark third-month July contract on the Bursar Malaysia Derivatives Exchange finished down 11 ringgit, or 0.5 percent, at
Published 05 May, 2007 12:00am
Reuters gets bid approach, shares soar

Reuters gets bid approach, shares soar

Financial news and information provider Reuters Group Plc said on Friday it had received a preliminary take-over approach from an unidentified suitor, sending its shares up as much as 30 percent. Earlier, traders had reported market speculation of a 600-p
Published 05 May, 2007 12:00am
Reuters gets bid approach, shares soar

Reuters gets bid approach, shares soar

Financial news and information provider Reuters Group Plc said on Friday it had received a preliminary take-over approach from an unidentified suitor, sending its shares up as much as 30 percent. Earlier, traders had reported market speculation of a 600-p
Published 05 May, 2007 12:00am
German metal workers seal pay deal

German metal workers seal pay deal

Employers and union officials said on Friday they agreed a pay deal in a key state in Germany's metals and engineering sector centring on a 4.1 percent wage increase from June, averting damaging strikes.
Published 05 May, 2007 12:00am
Bank of America sues ABN, deepens take-over turmoil

Bank of America sues ABN, deepens take-over turmoil

Bank of America sued ABN Amro on Friday, seeking damages and a court injunction to block the sale of ABN's US unit LaSalle to a rival bidder, further complicating the battle for control of the Dutch bank. ABN, which has agreed to be taken over by Britain'
Published 05 May, 2007 12:00am
US jobs growth softens, unemployment rises

US jobs growth softens, unemployment rises

The US economy added a modest 88,000 jobs in April, the slimmest gain in more than two years, and the unemployment rate edged up, the government said on Friday in a report that showed weaker economic growth taking a toll on the job market.
Published 05 May, 2007 12:00am
Munich Re to give $10.9 billion to shareholders

Munich Re to give $10.9 billion to shareholders

Munich Re promised to return more than 8 billion euros ($10.9 billion) to its shareholders by the end of 2010, answering criticism it was not doing enough to drive up its stock price.
Published 05 May, 2007 12:00am
Microsoft eyeing deal to buy Yahoo

Microsoft eyeing deal to buy Yahoo

Microsoft Corp has stepped up its pursuit of a deal to buy Yahoo Inc, two newspapers reported on Friday, as the two companies re-enter talks to strike a deal and fend off a common competitor in Web search leader Google Inc Yahoo shares jumped 17.96 percen
Published 05 May, 2007 12:00am
EADS shareholders clinch dividend after board rift

EADS shareholders clinch dividend after board rift

Shareholders in Airbus parent EADS awarded themselves the maximum allowed dividend of 0.12 euros a share on Friday but the French government refused to accept its share to avoid upsetting sacked aircraft workers.
Published 05 May, 2007 12:00am
Nokia Siemens Networks to cut 9,000 jobs

Nokia Siemens Networks to cut 9,000 jobs

Telecoms equipment maker Nokia Siemens Networks plans to cut 9,000 jobs or 15 percent of its global workforce by the end of 2010 in an effort to boost its competitiveness in the increasingly cut-throat sector.
Published 05 May, 2007 12:00am
Nokia Siemens Networks to cut 9,000 jobs

Nokia Siemens Networks to cut 9,000 jobs

Telecoms equipment maker Nokia Siemens Networks plans to cut 9,000 jobs or 15 percent of its global workforce by the end of 2010 in an effort to boost its competitiveness in the increasingly cut-throat sector.
Published 05 May, 2007 12:00am
Eurozone retail sales up

Eurozone retail sales up

Eurozone retail sales rose more than expected in annual terms in March, pointing to firm consumer demand, robust economic growth and more interest rate rises from the European Central Bank.
Published 05 May, 2007 12:00am
SEC under pressure to ease foreign trading rules

SEC under pressure to ease foreign trading rules

The US Securities and Exchange Commission is considering easing access to foreign securities and markets, possibly first allowing institutional investors to more easily order trades through foreign brokers, an SEC commissioner said on Friday.
Published 05 May, 2007 12:00am
Kodak posts quarterly loss

Kodak posts quarterly loss

Eastman Kodak Co on Friday posted a wider-than-expected first-quarter loss as cost-cutting failed to outpace a decline in digital photography sales, sending its stock down nearly 6 percent.
Published 05 May, 2007 12:00am
Kodak posts quarterly loss

Kodak posts quarterly loss

Eastman Kodak Co on Friday posted a wider-than-expected first-quarter loss as cost-cutting failed to outpace a decline in digital photography sales, sending its stock down nearly 6 percent.
Published 05 May, 2007 12:00am
Cadbury to invest Rs 300 million in Pakistan

Cadbury to invest Rs 300 million in Pakistan

Cadbury Pakistan, a subsidiary of Cadbury Schweppes, the world's largest confectionery company, today announced plans to invest Rs 300 million in 2007 to meet the growing demand of the chocolate market. This follows its earlier investments of Re. 350 mill
Published 05 May, 2007 12:00am
US homeowners see steady home values

US homeowners see steady home values

US homeowners see no change in the value of their homes in the year ahead, but expect home values to resume a moderate pace of increase during the next five years, a survey showed on Friday. The Reuters/University of Michigan Surveys of Consumers showed t
Published 05 May, 2007 12:00am
Seoul shares make gains

Seoul shares make gains

South Korean shares rose on Friday to a record, surpassing last week's peak, as new additions to the MSCI indexes such as Doosan Heavy rallied, although broader gains were tempered by some disappointing earnings results.
Published 05 May, 2007 12:00am
Thai stocks rally

Thai stocks rally

Thai share prices closed 0.92 percent higher on Friday in line with new peaks on Wall Street and rising regional markets, dealers said. They said the market was also supported by buying of energy-linked shares as global oil prices traded firm in Asian tra
Published 05 May, 2007 12:00am
Hong Kong shares finish at record close

Hong Kong shares finish at record close

Hong Kong blue chips ended at a record closing high on Friday after a surprise last-minute surge drove the market 0.8 percent higher, with Henderson Land scaling 9-1/2-year peaks to lead a rally in property stocks.
Published 05 May, 2007 12:00am
US stocks climb on data

US stocks climb on data

The Standard & Poor's 500 index topped 1,500 for the first time since September 2000 on Thursday after a series of indicators showed signs of strength in the economy and a moderate rise in wage inflation.
Published 05 May, 2007 12:00am
US Treasuries tumble

US Treasuries tumble

US Treasury debt prices fell on Thursday as robust growth in the services sector and a drop in jobless claims contradicted views of a slowing economy, leaving investors cautious ahead of Friday's jobs report.
Published 05 May, 2007 12:00am
US Treasuries tumble

US Treasuries tumble

US Treasury debt prices fell on Thursday as robust growth in the services sector and a drop in jobless claims contradicted views of a slowing economy, leaving investors cautious ahead of Friday's jobs report.
Published 05 May, 2007 12:00am
Malaysian stocks up

Malaysian stocks up

Malaysian share prices closed up 1.53 percent on Friday, with the benchmark index reaching another new high, dealers said. They said gains were supported by positive economic data out of the US and a strong ringgit, with investors also buying in on expect
Published 05 May, 2007 12:00am
Philippines shares rise

Philippines shares rise

Philippines share prices closed 0.20 percent higher on Friday, lifted by another record breaking Wall Street performance overnight the release of benign inflation figures for April, dealers said. The composite index was up 6.95 points at 3,278.48 after tr
Published 05 May, 2007 12:00am
Jakarta stocks surge

Jakarta stocks surge

Indonesian share prices closed 0.38 percent higher on Friday with the key index finishing at a new all-time high buoyed by expectations of a further rate cut, dealers said. They said Wall Street's recent record-breaking runs and a firmer rupiah also added
Published 05 May, 2007 12:00am
Singapore shares set another new closing high

Singapore shares set another new closing high

Singapore share prices closed at a record high for the second straight session, closing 1.01 percent higher on Friday on expectations of strong corporate earnings, dealers said. The main Straits Times Index finished 35.12 points up at 3,485.76, off a new
Published 05 May, 2007 12:00am
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