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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-05-11
New York coffee up

New York coffee up

US arabica coffee futures ended 1 percent higher on Wednesday, helped by a combination of speculative buying, lack of origin selling and a strong London robust market, traders said. A New York analyst said arabica coffee contracts gained because independe
Published 11 May, 2007 12:00am
Wapda plans to sell Sukuk in June

Wapda plans to sell Sukuk in June

Wapda will issue a 10-year domestic Islamic bond, or Sukuk, worth at least Rs 8 billion ($132 million) next month to partly fund projects and for other needs, a senior official said on Thursday.
Published 11 May, 2007 12:00am
New York copper down

New York copper down

US copper futures held at lower levels on the close on Wednesday with technical selling holding sway in a thinly traded market, traders said. They added that numerous bullish factors have kept a support line under red metal prices including a huge drop in
Published 11 May, 2007 12:00am
Wapda plans to sell Sukuk in June

Wapda plans to sell Sukuk in June

Wapda will issue a 10-year domestic Islamic bond, or Sukuk, worth at least Rs 8 billion ($132 million) next month to partly fund projects and for other needs, a senior official said on Thursday.
Published 11 May, 2007 12:00am
US gold futures lower

US gold futures lower

US gold futures finished down but well off their session low on Wednesday on liquidation by funds and weak copper prices, as investors were largely on the sidelines because the pit session ended before the Federal Reserve's decision on interest rates.
Published 11 May, 2007 12:00am
Tokyo gold drops

Tokyo gold drops

Tokyo gold futures dropped on Thursday, catching up with falls in cash gold, after investment funds the previous day liquidated positions in commodities, including precious metals. Cash gold held near New York levels on Thursday after a decision by the Fe
Published 11 May, 2007 12:00am
Gold ends steady in Asian markets

Gold ends steady in Asian markets

Gold held near New York levels on Thursday after a decision by the US Federal Reserve to hold interest rates steady, but weakness in Tokyo futures could spur some selling. Spot gold was at $679.40/679.90 an ounce, hardly changed from $679.50/680.00 late i
Published 11 May, 2007 12:00am
Asian physical rubber prices

Asian physical rubber prices

Asian physical prices were lower on Thursday, tracking a fall in futures prices on the Tokyo Commodity Exchange. Trading was thin with buyers waiting for prices to fall further, traders said.
Published 11 May, 2007 12:00am
Indian soyaoil up on global cues, sugar futures rise

Indian soyaoil up on global cues, sugar futures rise

Indian soyaoil futures bounced back on Thursday in line with international markets, which were pushed higher by a drop in Malaysian palm stocks. Sugar rose due to a correction after prices had bottomed out. May soyaoil futures on the National Commodity an
Published 11 May, 2007 12:00am
Pakistan erects 20-km fence on Afghan border

Pakistan erects 20-km fence on Afghan border

Pakistan has erected the first section of a controversial fence on the Afghan border, severing a key corridor used by Taliban militants, the chief military spokesman said on Thursday. The building of the barbed wire anti-insurgent fence however provoked a
Published 11 May, 2007 12:00am
Oil prices steady

Oil prices steady

Oil prices were steady at around $65 on Thursday, after falling the previous day on an unexpectedly high build in US crude inventories. Prices were supported by supply disruptions in Nigeria and the likelihood that Opec will maintain its production cuts a
Published 11 May, 2007 12:00am
Pakistan erects 20-km fence on Afghan border

Pakistan erects 20-km fence on Afghan border

Pakistan has erected the first section of a controversial fence on the Afghan border, severing a key corridor used by Taliban militants, the chief military spokesman said on Thursday. The building of the barbed wire anti-insurgent fence however provoked a
Published 11 May, 2007 12:00am
Shanghai copper weaker

Shanghai copper weaker

Shanghai copper prices fell 0.6 percent on Thursday after a 1.8 percent decline in London futures, but analysts remained positive towards base metals, citing falling stocks and firm demand. Shanghai July copper was at 72,720 yuan ($9,449) a tonne at Thurs
Published 11 May, 2007 12:00am
Coalition forces kill 40 civilians in Afghanistan

Coalition forces kill 40 civilians in Afghanistan

At least 40 civilians were killed in an air strike in Afghanistan by foreign forces, witnesses said on Thursday, but the US-led coalition said only rebels were hit and it knew of no other casualties.
Published 11 May, 2007 12:00am
Crunch-time looms for Australian wheat exporter AWB

Crunch-time looms for Australian wheat exporter AWB

Crunch time for Australian wheat exporter AWB Ltd will come in two weeks, with a government decision on the future of the company's export monopoly expected at the same time as its first-half results.
Published 11 May, 2007 12:00am
Coalition forces kill 40 civilians in Afghanistan

Coalition forces kill 40 civilians in Afghanistan

At least 40 civilians were killed in an air strike in Afghanistan by foreign forces, witnesses said on Thursday, but the US-led coalition said only rebels were hit and it knew of no other casualties.
Published 11 May, 2007 12:00am
New York sugar finishes firm

New York sugar finishes firm

Raw sugar futures closed higher on Wednesday on light speculative buying and in sympathy with other New York Board of Trade agricultural contracts, but failed to break out of a two-week sideways trend, brokers said. An annual industry dinner kept some inv
Published 11 May, 2007 12:00am
SBP told to deal with counterfeiting offences

SBP told to deal with counterfeiting offences

Prime Minister Shaukat Aziz has asked the State Bank of Pakistan (SBP) to formulate a new law to deal with counterfeiting offences in the country. He was chairing a meeting held on Thursday to review the report of the Task Force on Combating the Counterfe
Published 11 May, 2007 12:00am
Soyabean posts gains on recovery

Soyabean posts gains on recovery

Soyabean futures at the Chicago Board of Trade closed higher on Wednesday with the market recovering from the declines on Tuesday and on soya/corn spreading, traders said. Active seedlings of corn in the United States also supported soya because of the im
Published 11 May, 2007 12:00am
SBP told to deal with counterfeiting offences

SBP told to deal with counterfeiting offences

Prime Minister Shaukat Aziz has asked the State Bank of Pakistan (SBP) to formulate a new law to deal with counterfeiting offences in the country. He was chairing a meeting held on Thursday to review the report of the Task Force on Combating the Counterfe
Published 11 May, 2007 12:00am
Malaysian tin falls

Malaysian tin falls

Malaysian tin fell $100 on Thursday on lack of European demand, one dealer said.
Published 11 May, 2007 12:00am
SBP told to deal with counterfeiting offences

SBP told to deal with counterfeiting offences

Prime Minister Shaukat Aziz has asked the State Bank of Pakistan (SBP) to formulate a new law to deal with counterfeiting offences in the country. He was chairing a meeting held on Thursday to review the report of the Task Force on Combating the Counterfe
Published 11 May, 2007 12:00am
CBOT rice softens

CBOT rice softens

Rough rice futures at the Chicago Board of Trade closed lower in quiet trade on Wednesday on follow-through technical selling from Tuesday, traders said. Chicago Board of Trade (CBOT) may rice, which is in delivery, closed 5 cents lower at $10.21 per hund
Published 11 May, 2007 12:00am
LNG terminal: PQA allowed signing Implementation Agreement

LNG terminal: PQA allowed signing Implementation Agreement

The Economic Co-ordination Committee (ECC) of the cabinet has allowed Port Qasim Authority (PQA) to sign Implementation Agreement (IA) with Pakistan GasPort Limited for setting up offshore LNG import terminal. Dr Ashfaque said that the ECC, in its meeting
Published 11 May, 2007 12:00am
Tocom rubber ends at lowest level

Tocom rubber ends at lowest level

Tokyo rubber futures fell to their lowest level in nearly three weeks on Thursday as funds sold contracts, but the drop was cushioned by fresh buying. The benchmark rubber contract on the Tokyo Commodity Exchange for October delivery settled at 275.0 yen
Published 11 May, 2007 12:00am
LNG terminal: PQA allowed signing Implementation Agreement

LNG terminal: PQA allowed signing Implementation Agreement

The Economic Co-ordination Committee (ECC) of the cabinet has allowed Port Qasim Authority (PQA) to sign Implementation Agreement (IA) with Pakistan GasPort Limited for setting up offshore LNG import terminal. Dr Ashfaque said that the ECC, in its meeting
Published 11 May, 2007 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian crude palm oil futures closed 1.4 percent higher on Thursday after the state-run palm oil board reported a sharp decline in stocks and a steady increase in exports. But dealers said the market, which tocuhed a fresh eight-year high, was ready fo
Published 11 May, 2007 12:00am
LNG terminal: PQA allowed signing Implementation Agreement

LNG terminal: PQA allowed signing Implementation Agreement

The Economic Co-ordination Committee (ECC) of the cabinet has allowed Port Qasim Authority (PQA) to sign Implementation Agreement (IA) with Pakistan GasPort Limited for setting up offshore LNG import terminal. Dr Ashfaque said that the ECC, in its meeting
Published 11 May, 2007 12:00am
ECC allows gas firms to set up power plants

ECC allows gas firms to set up power plants

The Economic Co-ordination Committee (ECC) of the cabinet on Thursday allowed gas companies to set up power plants by using their own low BTU gas as part of the government''s strategy to generate more power from where it is available.
Published 11 May, 2007 12:00am
French trade deficit narrows

French trade deficit narrows

France looks on track to report solid first quarter growth after an unexpected narrowing in its trade deficit and a steady rise in industrial output in March, but will be hard pressed to outshine Germany.
Published 11 May, 2007 12:00am
ECC allows gas firms to set up power plants

ECC allows gas firms to set up power plants

The Economic Co-ordination Committee (ECC) of the cabinet on Thursday allowed gas companies to set up power plants by using their own low BTU gas as part of the government's strategy to generate more power from where it is available.
Published 11 May, 2007 12:00am
EU to take over satellite companies

EU to take over satellite companies

The European Union was set to take over responsibility for the Galileo satellite navigation system on Thursday after industry balked at its costs and risks, missing a deadline to resume talks on managing the project.
Published 11 May, 2007 12:00am
ECC allows gas firms to set up power plants

ECC allows gas firms to set up power plants

The Economic Co-ordination Committee (ECC) of the cabinet on Thursday allowed gas companies to set up power plants by using their own low BTU gas as part of the government's strategy to generate more power from where it is available.
Published 11 May, 2007 12:00am
US trade deficit swells 10.4 percent in March

US trade deficit swells 10.4 percent in March

The US trade deficit widened more than expected in March to $63.9 billion, as higher oil prices helped push total imports to the second highest on record, a US government report showed on Thursday.
Published 11 May, 2007 12:00am
Musharraf announces Rs two billion package for Sui

Musharraf announces Rs two billion package for Sui

President Pervez Musharraf on Thursday announced Rs 2 billion development package for Sui and said Balochistan would be developed at par with rest of the country. "Balochistan will now see a revolution of development, which will continue till the lifestyl
Published 11 May, 2007 12:00am
ECB keeps rates steady

ECB keeps rates steady

The European Central Bank signalled that interest rates will rise again in June in a pre-emptive strike against inflation, but gave few other clues on Thursday about its plans for the rest of the year. Economists had widely expected the ECB to eschew rais
Published 11 May, 2007 12:00am
Musharraf announces Rs two billion package for Sui

Musharraf announces Rs two billion package for Sui

President Pervez Musharraf on Thursday announced Rs 2 billion development package for Sui and said Balochistan would be developed at par with rest of the country. "Balochistan will now see a revolution of development, which will continue till the lifestyl
Published 11 May, 2007 12:00am
ECB keeps rates steady

ECB keeps rates steady

The European Central Bank signalled that interest rates will rise again in June in a pre-emptive strike against inflation, but gave few other clues on Thursday about its plans for the rest of the year. Economists had widely expected the ECB to eschew rais
Published 11 May, 2007 12:00am
Musharraf announces Rs two billion package for Sui

Musharraf announces Rs two billion package for Sui

President Pervez Musharraf on Thursday announced Rs 2 billion development package for Sui and said Balochistan would be developed at par with rest of the country. "Balochistan will now see a revolution of development, which will continue till the lifestyl
Published 11 May, 2007 12:00am
ECB keeps rates steady

ECB keeps rates steady

The European Central Bank signalled that interest rates will rise again in June in a pre-emptive strike against inflation, but gave few other clues on Thursday about its plans for the rest of the year. Economists had widely expected the ECB to eschew rais
Published 11 May, 2007 12:00am
Low rates too long could fuel carry trade: BoJ

Low rates too long could fuel carry trade: BoJ

The governor of the Bank of Japan on Thursday underlined the case for gradually raising interest rates, warning that keeping them too low for too long could prompt an excessive build-up in so-called carry trades.
Published 11 May, 2007 12:00am
'Bangladesh needs more investment to grow'

'Bangladesh needs more investment to grow'

Bangladesh's central bank chief said on Thursday the country needed to boost foreign and domestic investment to sustain fast economic growth and limit its dependence on foreign aid.
Published 11 May, 2007 12:00am
Microsoft to sell over $1 billion in software to Lenovo

Microsoft to sell over $1 billion in software to Lenovo

Lenovo Group Ltd has signed a deal with Microsoft Corp to buy Windows, Office and other software suites for its personal computers in a deal worth as much as $1.3 billion. The agreement emulates one inked in 2006, worth $1.2 billion over one year, to pre-
Published 11 May, 2007 12:00am
UK interest rates hit six-year high

UK interest rates hit six-year high

British interest rates hit a 6-year high of 5.5 percent on Thursday and could rise further still as the Bank of England tries to rein in inflation, at its highest level in more than a decade.
Published 11 May, 2007 12:00am
UK interest rates hit six-year high

UK interest rates hit six-year high

British interest rates hit a 6-year high of 5.5 percent on Thursday and could rise further still as the Bank of England tries to rein in inflation, at its highest level in more than a decade.
Published 11 May, 2007 12:00am
UK interest rates hit six-year high

UK interest rates hit six-year high

British interest rates hit a 6-year high of 5.5 percent on Thursday and could rise further still as the Bank of England tries to rein in inflation, at its highest level in more than a decade.
Published 11 May, 2007 12:00am
InBev first quarter beats forecasts

InBev first quarter beats forecasts

InBev, the world's largest beer producer, beat expectations with an 18 percent rise in first-quarter core profit on growth in Latin America, but its shares fell as investors eyed its relatively high valuation.
Published 11 May, 2007 12:00am
InBev first quarter beats forecasts

InBev first quarter beats forecasts

InBev, the world's largest beer producer, beat expectations with an 18 percent rise in first-quarter core profit on growth in Latin America, but its shares fell as investors eyed its relatively high valuation.
Published 11 May, 2007 12:00am
OECD G7 indicator shows moderate expansion ahead

OECD G7 indicator shows moderate expansion ahead

Economic expansion in the Group of Seven leading industrial nations is set to moderate despite slight improvements in figures from the United States, United Kingdom, and Italy, an OECD report showed on Thursday.
Published 11 May, 2007 12:00am
China account surplus hits 9.5 percent of GDP

China account surplus hits 9.5 percent of GDP

China posted a current account surplus of $249.9 billion in 2006, up 55.4 percent from $160.8 billion in 2005, the foreign exchange regulator said on Thursday. The surplus amounted to 9.5 percent of GDP in 2006, up from 2.9 percent in the year 2000, the S
Published 11 May, 2007 12:00am
JetBlue removes Neeleman as chief executive

JetBlue removes Neeleman as chief executive

JetBlue Airways Corp removed David Neeleman as chief executive on Thursday, three months after a major service meltdown, putting the 47-year-old founder of the company into the role of non-executive chairman. JetBlue said Neeleman, who started the company
Published 11 May, 2007 12:00am
EADS first quarter earnings plunge

EADS first quarter earnings plunge

European aerospace group EADS reported a razor-thin profit for the first quarter after taking another charge to help struggling planemaker Airbus and vowed not to abandon its "inevitable" restructuring.
Published 11 May, 2007 12:00am
EADS first quarter earnings plunge

EADS first quarter earnings plunge

European aerospace group EADS reported a razor-thin profit for the first quarter after taking another charge to help struggling planemaker Airbus and vowed not to abandon its "inevitable" restructuring.
Published 11 May, 2007 12:00am
Yukos purchase makes Rosneft top Russian refiner

Yukos purchase makes Rosneft top Russian refiner

Russian state-controlled oil firm Rosneft, which last week became Russia's top oil producer, won an auction for part of its bankrupt rival Yukos to become the country's top refiner as well. Rosneft won the auction for Yukos's assets in the Samara region w
Published 11 May, 2007 12:00am
UniCredit says Capitalia, SocGen merger options

UniCredit says Capitalia, SocGen merger options

Italian bank UniCredit said on Thursday its smaller peer Capitalia was a possible take-over target but added it could still team up with French heavyweight Societe Generale in a fresh sign it may be readying a new deal.
Published 11 May, 2007 12:00am
Canon stays focused on global flat-TV market

Canon stays focused on global flat-TV market

Japan's Canon Inc is still focused on globally producing the next generation of flat panel televisions despite a legal setback that has thrown the debut and rollout of the new product into doubt.
Published 11 May, 2007 12:00am
Top US senator pushes more WTO-friendly farm funds

Top US senator pushes more WTO-friendly farm funds

A senior US senator is pushing for more WTO-friendly farm supports as a way to end a stalemate over agriculture trade-offs in world trade talks. "It is possible to get a good deal out of (the Doha) round for US farmers, but for it to work, there needs to
Published 11 May, 2007 12:00am
Russia oil flows via Estonia at 70 percent amid statue row

Russia oil flows via Estonia at 70 percent amid statue row

Russia has cut exports of fuel oil, diesel and gasoline via Estonia by at least 30 percent in the first 10 days of May, trade sources said on Thursday, against the backdrop of an argument over a statue. They said shipments of refined oil products were lik
Published 11 May, 2007 12:00am
Brazil's central bank wages a multibillion bet

Brazil's central bank wages a multibillion bet

Brazil's central bank may be on the wrong side of a multibillion dollar bet in its attempt to slow the rise of the Brazilian currency. The bank has spent about $34 billion (69 billion reais) this year to buy dollars and accumulate foreign reserves in an a
Published 11 May, 2007 12:00am
China's intractable imbalances revive yuan debate

China's intractable imbalances revive yuan debate

China's external imbalances have grown so large that some economists have started to think the unthinkable: that Beijing may have to revalue the yuan again. Their views are a minority and they hold them with no great conviction. After all, Premier Wen Jia
Published 11 May, 2007 12:00am
UN clean energy project to widen, aiding Africa

UN clean energy project to widen, aiding Africa

The poorest nations in Africa are likely to benefit from a widening of a UN project to promote non-polluting energies in the developing world, the head of the scheme said on Tuesday. New rules from June should make it easier for some renewable energy sche
Published 11 May, 2007 12:00am
China ICBC eyes robust profits, expansion

China ICBC eyes robust profits, expansion

China's top lender, Industrial and Commercial Bank of China Ltd, will keep up its pace of bumper profit growth as it seeks to expand its footprint in Asia and beyond, Chairman Jiang Jianqing said. Fresh from reporting a 52 percent surge in net profit for
Published 11 May, 2007 12:00am
China ICBC eyes robust profits, expansion

China ICBC eyes robust profits, expansion

China's top lender, Industrial and Commercial Bank of China Ltd, will keep up its pace of bumper profit growth as it seeks to expand its footprint in Asia and beyond, Chairman Jiang Jianqing said. Fresh from reporting a 52 percent surge in net profit for
Published 11 May, 2007 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks closed 0.55 percent higher on Thursday, led by gains in major exporters like smartphone maker HTC and top contract chip maker TSMC, after gains on Wall Street boosted Asian markets. The main TAIEX share index rose 44.16 points to 8,096.86, f
Published 11 May, 2007 12:00am
Chinese shares climb

Chinese shares climb

Chinese main stock index extended its rise to record levels on Thursday as bullish retail investors shrugged off growing concern among some institutions that the market had climbed dangerously high. The Shanghai Composite Index ended up 0.91 percent at 4,
Published 11 May, 2007 12:00am
Hong Kong blue chips decline

Hong Kong blue chips decline

Hong Kong blue chips fell 0.5 percent on Thursday as worries that China's record-breaking A-share markets could take big hits prompted investors to sell heavyweights like HSBC Holdings Plc.
Published 11 May, 2007 12:00am
Fed meeting propels US stocks higher

Fed meeting propels US stocks higher

US stocks rose on Wednesday after the Federal Reserve's latest policy meeting ended without any unwelcome surprises, allowing investors to refocus on the solid outlook for corporate profits. Texas Instruments shares jumped 4.7 percent after the world's bi
Published 11 May, 2007 12:00am
US Treasury falls

US Treasury falls

US government bond prices dropped on Wednesday after the Federal Reserve held interest rates steady and signalled to investors its main concern was that inflation would fail to moderate. The Fed held the benchmark federal funds rate target unchanged at 5.
Published 11 May, 2007 12:00am
US Treasury falls

US Treasury falls

US government bond prices dropped on Wednesday after the Federal Reserve held interest rates steady and signalled to investors its main concern was that inflation would fail to moderate. The Fed held the benchmark federal funds rate target unchanged at 5.
Published 11 May, 2007 12:00am
Indian shares close flat

Indian shares close flat

Indian share prices closed marginally lower on Thursday after the markets opened strong following a decision by the US Federal Reserve to keep its benchmark interest rate unchanged, dealers said. They said investors noted that while concerned about inflat
Published 11 May, 2007 12:00am
Singapore stocks jump

Singapore stocks jump

Singapore share prices closed 0.48 percent higher on Thursday following another record finish on Wall Street, but late profit taking put a lid on gains, dealers said. The continued strength of the Chinese market helped underpin local sentiment, they said.
Published 11 May, 2007 12:00am
Thai share prices rally

Thai share prices rally

Thai share prices closed 0.13 percent higher on Thursday after the US Federal Reserve left interest rates unchanged and said that moderate growth in the US would continue, dealers said. They said investors continued dumping banking shares on expected slug
Published 11 May, 2007 12:00am
Nikkei ends flat

Nikkei ends flat

The Nikkei average closed little changed on Thursday as Toyota Motor Corp slipped after posting a surprise fall in quarterly operating profit while property shares rose on earnings hopes. Investors booked profits on recent gainers such as shipping and res
Published 11 May, 2007 12:00am
Malaysian stocks slightly up

Malaysian stocks slightly up

Malaysian share prices closed 0.35 percent higher on Thursday in a mixed market, with bargain hunting of select index stocks offsetting negative sentiment over the Transmile issue, dealers said.
Published 11 May, 2007 12:00am
Jakarta shares end at new record

Jakarta shares end at new record

Jakarta share prices closed 0.44 percent higher on Thursday with gains in car dealer Astra International and some banks helping to lift the main index to a new record closing high, dealers said. The Jakarta Stock Exchange composite index closed up 9.053 p
Published 11 May, 2007 12:00am
Swiss franc gains versus dollar

Swiss franc gains versus dollar

The Swiss franc gained against the dollar on Thursday, but was marginally weaker against the euro, despite strong economic data and comments from a Swiss central banker that Swiss interest rate would rise further.
Published 11 May, 2007 12:00am
Yuan ends barely lower

Yuan ends barely lower

China's yuan closed marginally weaker versus the dollar in quiet, narrow trade on Thursday, little moved by signs of growing US pressure on China to let its currency appreciate faster. The yuan, which had risen for four straight trading days, closed at 7.
Published 11 May, 2007 12:00am
Dollar holds post-Fed gains

Dollar holds post-Fed gains

The dollar was steady against the yen and euro on Thursday, holding on to gains made after the Federal Reserve kept benchmark US interest rates steady and said its main worry was that inflation would fail to moderate.
Published 11 May, 2007 12:00am
Dollar gains against the euro

Dollar gains against the euro

The dollar gained against the euro and yen on Wednesday after the Federal Reserve held benchmark US interest rates steady and said its main worry is that inflation will fail to moderate.
Published 11 May, 2007 12:00am
Asian currencies: rupiah, peso, ringgit hit fresh highs

Asian currencies: rupiah, peso, ringgit hit fresh highs

The Indonesian rupiah rose almost 1 percent to a one-year high on Thursday, extending this week's sharp rally amid signs that the central bank will not stand in the way of currency strength.
Published 11 May, 2007 12:00am
Hong Kong dollar weakens

Hong Kong dollar weakens

The Hong Kong dollar fell late on Thursday amid arbitrage buying of the US currency. The domestic currency was trading at 7.8206/08 to the US dollar, weaker than 7.8191/93 in late Asia trade on Wednesday.
Published 11 May, 2007 12:00am
Australian dollar jumps above 83 cents

Australian dollar jumps above 83 cents

The Australian dollar shot back above 83 cents to a two-week high on Thursday after data showed Australia's unemployment rate fell to a 32-year low in April, backing the case for an interest rate rise later this year.
Published 11 May, 2007 12:00am
Premier League sides set for Asia

Premier League sides set for Asia

Liverpool and Manchester United lead the Premier League clubs heading to Asia during the close-season. Liverpool, Fulham and Portsmouth will be in Hong Kong and Reading will be playing in South Korea but United's trip to Asia in July has been criticised b
Published 11 May, 2007 12:00am
Botham backs Flintoff to replace Vaughan

Botham backs Flintoff to replace Vaughan

Former England all rounder Ian Botham believes Andrew Flintoff should still be vice-captain and ready to step in as skipper if Michael Vaughan fails to make the first Test against West Indies starting on Thursday. Vaughan is a major doubt after breaking h
Published 11 May, 2007 12:00am
Petrova reaches German Open quarters

Petrova reaches German Open quarters

Defending champion Nadia Petrova of Russia beat compatriot Elena Dementieva 6-3 6-3 on Thursday to advance to the quarter-finals of the German Open. The former French Open semi-finalist, the seventh seed, broke Dementieva four times in the rain-interrupte
Published 11 May, 2007 12:00am
India beat Bangladesh in first ODI

India beat Bangladesh in first ODI

Mahendra Singh Dhoni and Dinesh Karthik with unbeaten half centuries steered India to a five-wicket victory against Bangladesh in the first one-day international on Thursday. Replying to Bangladesh's 250 for seven in 47 overs in a match reduced by rain, I
Published 11 May, 2007 12:00am
Sri Lanka drop Atapattu

Sri Lanka drop Atapattu

Sri Lanka have dropped former captain Marvan Atapattu from their one-day squad for a three-match series against Pakistan in Abu Dhabi. Atapattu, 36, was part of the squad at this year's World Cup in which Sri Lanka lost to defending champions Australia in
Published 11 May, 2007 12:00am
Federer beaten in Rome Masters by wild card

Federer beaten in Rome Masters by wild card

Roger Federer's dreams of winning his first Rome Masters title ended when he slumped to a 6-2 6-4 defeat against Italian wild card Filippo Volandri in the last 16 on Thursday. The world number one, who finished runner-up in Rome in 2003 and 2006, never fo
Published 11 May, 2007 12:00am
Pakistan discuss coaching post with Whatmore

Pakistan discuss coaching post with Whatmore

Pakistan are talking to Bangladesh coach Dav Whatmore about their national coaching post left vacant following Bob Woolmer's death at the World Cup. Woolmer, who took over as Pakistan coach in 2004, died in hospital in Kingston, Jamaica on March 18, one d
Published 11 May, 2007 12:00am
Sultan Azlan Shah Cup: Pakistan and Argentina set up clash with wins

Sultan Azlan Shah Cup: Pakistan and Argentina set up clash with wins

Pakistan and Argentina will clash for fifth place in the Sultan Azlan Shah Cup on Saturday after contrasting victories here today. The Pakistanis had to face a penalty shootout against China before winning. Both teams were tied at 2-2 after regulation tim
Published 11 May, 2007 12:00am
Argentine governor resigns

Argentine governor resigns

A governor and key ally of President Nestor Kirchner resigned on Thursday, a day after more than 20 people were hurt in protests by state workers that have intensified in the Argentine leader's home province. The demonstrations are posing a stiff challeng
Published 11 May, 2007 12:00am
Ten Colombian soldiers killed

Ten Colombian soldiers killed

At least ten Colombian soldiers were killed on Thursday when leftist guerrillas exploded a bomb as the army patrolled a rural area in the south-west of the country, military officials said.
Published 11 May, 2007 12:00am
Philippine rebels kill five in an ambush

Philippine rebels kill five in an ambush

Communist rebels in the Philippines ambushed a police convoy on the western island of Mindoro on Thursday, killing five people, an army spokesman said. Lieutenant-Colonel Roderick Parayno said the rebels detonated an improvised landmine as the convoy of p
Published 11 May, 2007 12:00am
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