AIRLINK 175.89 Decreased By ▼ -0.93 (-0.53%)
BOP 10.98 Decreased By ▼ -0.11 (-0.99%)
CNERGY 8.00 Increased By ▲ 0.06 (0.76%)
FCCL 46.12 Increased By ▲ 1.18 (2.63%)
FFL 16.07 Decreased By ▼ -0.04 (-0.25%)
FLYNG 27.42 Decreased By ▼ -0.86 (-3.04%)
HUBC 143.96 Increased By ▲ 2.18 (1.54%)
HUMNL 13.35 Increased By ▲ 0.10 (0.75%)
KEL 4.50 Increased By ▲ 0.07 (1.58%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
MLCF 59.50 Increased By ▲ 1.05 (1.8%)
OGDC 232.75 Increased By ▲ 8.56 (3.82%)
PACE 5.88 Decreased By ▼ -0.05 (-0.84%)
PAEL 47.48 Increased By ▲ 1.58 (3.44%)
PIAHCLA 17.97 Decreased By ▼ -0.19 (-1.05%)
PIBTL 10.58 Decreased By ▼ -0.02 (-0.19%)
POWER 11.38 Increased By ▲ 0.08 (0.71%)
PPL 193.30 Increased By ▲ 7.82 (4.22%)
PRL 37.00 Increased By ▲ 0.09 (0.24%)
PTC 23.77 Increased By ▲ 0.08 (0.34%)
SEARL 99.87 Increased By ▲ 1.47 (1.49%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 37.19 Decreased By ▼ -0.19 (-0.51%)
SYM 14.95 Decreased By ▼ -0.06 (-0.4%)
TELE 7.75 Decreased By ▼ -0.07 (-0.9%)
TPLP 10.87 Decreased By ▼ -0.09 (-0.82%)
TRG 65.14 Decreased By ▼ -1.00 (-1.51%)
WAVESAPP 10.91 Increased By ▲ 0.03 (0.28%)
WTL 1.34 No Change ▼ 0.00 (0%)
YOUW 3.81 No Change ▼ 0.00 (0%)
AIRLINK 175.89 Decreased By ▼ -0.93 (-0.53%)
BOP 10.98 Decreased By ▼ -0.11 (-0.99%)
CNERGY 8.00 Increased By ▲ 0.06 (0.76%)
FCCL 46.12 Increased By ▲ 1.18 (2.63%)
FFL 16.07 Decreased By ▼ -0.04 (-0.25%)
FLYNG 27.42 Decreased By ▼ -0.86 (-3.04%)
HUBC 143.96 Increased By ▲ 2.18 (1.54%)
HUMNL 13.35 Increased By ▲ 0.10 (0.75%)
KEL 4.50 Increased By ▲ 0.07 (1.58%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
MLCF 59.50 Increased By ▲ 1.05 (1.8%)
OGDC 232.75 Increased By ▲ 8.56 (3.82%)
PACE 5.88 Decreased By ▼ -0.05 (-0.84%)
PAEL 47.48 Increased By ▲ 1.58 (3.44%)
PIAHCLA 17.97 Decreased By ▼ -0.19 (-1.05%)
PIBTL 10.58 Decreased By ▼ -0.02 (-0.19%)
POWER 11.38 Increased By ▲ 0.08 (0.71%)
PPL 193.30 Increased By ▲ 7.82 (4.22%)
PRL 37.00 Increased By ▲ 0.09 (0.24%)
PTC 23.77 Increased By ▲ 0.08 (0.34%)
SEARL 99.87 Increased By ▲ 1.47 (1.49%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 37.19 Decreased By ▼ -0.19 (-0.51%)
SYM 14.95 Decreased By ▼ -0.06 (-0.4%)
TELE 7.75 Decreased By ▼ -0.07 (-0.9%)
TPLP 10.87 Decreased By ▼ -0.09 (-0.82%)
TRG 65.14 Decreased By ▼ -1.00 (-1.51%)
WAVESAPP 10.91 Increased By ▲ 0.03 (0.28%)
WTL 1.34 No Change ▼ 0.00 (0%)
YOUW 3.81 No Change ▼ 0.00 (0%)
BR100 12,609 Increased By 173.5 (1.4%)
BR30 39,262 Increased By 678.1 (1.76%)
KSE100 117,772 Increased By 1139.1 (0.98%)
KSE30 36,296 Increased By 474.7 (1.33%)
Mar 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-06-16
Crossover index moves higher

Crossover index moves higher

The iTraxx Crossover index rallied on Friday after key US inflation data suggested consumer price growth in the world's largest economy is under control. The index capped gains later in the session after a report showed US industrial production was flat i
Published 16 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
Rs 428.390 million allocated for 77 MoSW projects

Rs 428.390 million allocated for 77 MoSW projects

An amount of Rs 428.390 million has been allocated in the budget 2007-08 for 77 ongoing projects being executed by the Social Welfare Ministry under the PSDP to provide relief to the poor of the country.
Published 16 Jun, 2007 12:00am
Sher Afgan condemns Quetta killing

Sher Afgan condemns Quetta killing

Minister for Parliamentary Affairs Dr Sher Afgan Niazi on Friday condemned the killing of some soldiers and cops in Quetta on Thursday. Speaking in response to points of order by opposition members, Dr Sher Afgan said some anti-social elements wanted to d
Published 16 Jun, 2007 12:00am
Long-term flood management measures urged

Long-term flood management measures urged

Liaquat Ali Jatoi, Minister for Water and Power has directed the Flood Commission to finalise comprehensive flood protection plan within a month as the government has doubled the allocation to Rs 1.8 billion in the next fiscal PSDP.
Published 16 Jun, 2007 12:00am
KESC offered to carry out six-hour load shedding

KESC offered to carry out six-hour load shedding

The Karachi Chamber of Commerce and Industry (KCCI) and all the five city associations of trade and industry have voluntarily offered Karachi Electric Supply Corporations (KESC) to carry out six-hour load shedding in industrial areas to normalise power su
Published 16 Jun, 2007 12:00am
No response to strike call in Karachi

No response to strike call in Karachi

Karachiites ignored the strike call for Friday given by Muttahida-Majlis-e-Amal (MMA) and PML (N), with visible apathy. The decision for strike was taken by the PML (N) much before convening the All Parties Conference on Thursday.
Published 16 Jun, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (June 15, 2007) and for Saturday (June 16, 2007).
Published 16 Jun, 2007 12:00am
Two Pakistani army pilots to be honoured

Two Pakistani army pilots to be honoured

Two pilots of Pakistan Army would be given gallantry award of Republic of Slovenia in recognition of their valour and commitment they demonstrated during rescue of a Slovenian mountaineer Tomaz Humar, who got stranded during his expedition to scale Nanaga
Published 16 Jun, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
Government defends increase in military spending

Government defends increase in military spending

The government defends increase in military spending for the financial year beginning next month, saying unconquerable defence is a top priority. Defence allocation for fiscal 2007-08 was raised by more than nine percent to Rs 275 billion ($4.58 billion)
Published 16 Jun, 2007 12:00am
Foreign entrepreneurs: exclusive industrial zones planned

Foreign entrepreneurs: exclusive industrial zones planned

Planning Commission has planned to establish "Exclusive Industrial Zones" for Chinese and other Central Asian Entrepreneurs near the Industrial Cities of Karachi, Lahore, Faisalabad and Peshawar under National Trade Corridor Programme.
Published 16 Jun, 2007 12:00am
Sales tax law to be amended to control fake exports

Sales tax law to be amended to control fake exports

The Central Board of Revenue (CBR) will amend sales tax law for placing new checks on exports to Afghanistan to control fraudulent cases of sales tax refunds on the fake exports.
Published 16 Jun, 2007 12:00am
Rs three billion released for uplift of working boundary villages

Rs three billion released for uplift of working boundary villages

The government has released special development funds to district government of Rs 3 billion for uplift of the bordering areas of Chawinda and Pasrur along the Working Boundary. Federal Minister for Investment and Privatisation Zahid Hamid disclosed this
Published 16 Jun, 2007 12:00am
New tribal body demands Warsak Dam profit for Fata

New tribal body demands Warsak Dam profit for Fata

'Fata Grand Alliance', a recently constituted body comprising tribesmen from all tribal agencies, has asked the federal government to stop payment of profit hydropower generated by the power house of Warsak Dam to the provincial government of NWFP.
Published 16 Jun, 2007 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 16 Jun, 2007 12:00am
NWFP budget today

NWFP budget today

The provincial budget of NWFP for financial year 2007-08 would be presented in the NWFP Assembly on Saturday. The Provincial Minister for Finance, Shah Raz Khan would present the budget.
Published 16 Jun, 2007 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 16 Jun, 2007 12:00am
NWFP budget today

NWFP budget today

The provincial budget of NWFP for financial year 2007-08 would be presented in the NWFP Assembly on Saturday. The Provincial Minister for Finance, Shah Raz Khan would present the budget.
Published 16 Jun, 2007 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 16 Jun, 2007 12:00am
Tribesmen want to be included in Pak-Afghan Peace Jirga

Tribesmen want to be included in Pak-Afghan Peace Jirga

The grand tribal convention (Jirga) here on Thursday also called for inclusion of tribal elders in Pak-Afghan Peace Jirga, saying they are being directly affected by the deteriorating situation in the region.
Published 16 Jun, 2007 12:00am
The Weather

The Weather

The weather report on Friday (June 15, 2007) and the forecast for Saturday (June 16, 2007).
Published 16 Jun, 2007 12:00am
'APHC groups unification key to success'

'APHC groups unification key to success'

Hailing the efforts of Democratic Freedom Party (DFP), President Shabir Ahmed Shah to forge unity among the Kashmir liberation leadership, the Pakistan-based Kashmiri leaders have said that unity between the two splinter groups of APHC was imperative to a
Published 16 Jun, 2007 12:00am
PTDC launches Islamabad-Naran bus service

PTDC launches Islamabad-Naran bus service

The Pakistan Tourism Development Corporation (PTDC) on Friday launched luxury air-conditioned coach service from Islamabad to Naran valley, a fascinating tourist attraction spot in NWFP that attracts thousands of tourists both foreign and local through ou
Published 16 Jun, 2007 12:00am
GCU and US University sign MoU

GCU and US University sign MoU

The vice-chancellor of GCU Lahore Professor Dr Khalid Aftab and Mohammad Kazim Khan, the representative of the Kent State University Ohio, USA signed a memorandum of understanding (MoU) here in the vice chancellor's committee room on Friday.
Published 16 Jun, 2007 12:00am
Steps taken for technical education boost: NWFP chief secretary

Steps taken for technical education boost: NWFP chief secretary

Chief Secretary NWFP Sahibzada Riaz Noor has said that the government is taking concrete steps for promotion of technical education and vocational training in the province therefore the young generation should opt for these lines instead of doing simple F
Published 16 Jun, 2007 12:00am
CJP speeches: lawyer challenges ban on live telecast

CJP speeches: lawyer challenges ban on live telecast

A member of the Lahore Court Bar Association (LHCBA) has approached the Lahore High Court (LHC) with the prayer to direct the respondent government to allow the private channels to broadcast live speeches of Chief Justice Pakistan.
Published 16 Jun, 2007 12:00am
LSE approves revised trading schedule of company

LSE approves revised trading schedule of company

The Lahore Stock Exchange (LSE) has approved the revised trading schedule of Pervez Ahmed Securities in accordance with the regulations for Futures Trading in the provisionally listed companies. The company had requested extension in time for completion o
Published 16 Jun, 2007 12:00am
Moot on education opens today

Moot on education opens today

Pakistan Institute of Quality Control (PIQC) is holding the 5th national conference on 'Quality Assurance in Education' here at PCSIR Auditorium on June 16 and 17.
Published 16 Jun, 2007 12:00am
Major initiative launched to promote SME sector

Major initiative launched to promote SME sector

With an indicative amount of Rs 13 billion and implementation plan has been chalked out to support various SME projects which would prove to be a major breakthrough in the development of SMEs in the country. Shahid Rashid, the newly appointed Chief Execut
Published 16 Jun, 2007 12:00am
'Poverty and unemployment remain big challenges'

'Poverty and unemployment remain big challenges'

Speakers while addressing a post budget seminar organised by Institute of Cost and Management Accountants of Pakistan (ICAMP) at the Lahore Chamber of Commerce and Industry (LCCI) said though the per capita income had increased, yet the poverty and unempl
Published 16 Jun, 2007 12:00am
CJP to address convention in Faisalabad today

CJP to address convention in Faisalabad today

Chief Justice of Pakistan Justice Iftikhar Mohammed Chaudhry will address All Pakistan Lawyers Convention organised by District Bar Association at District Court, Faisalabad on Saturday (today).
Published 16 Jun, 2007 12:00am
US wants to strengthen ties with Pakistan: Negroponte

US wants to strengthen ties with Pakistan: Negroponte

US Deputy Secretary of State, John D Negroponte on Friday said that the United States viewed Pakistan-US ties as a vital relationship and was committed to further strengthening it. John Negroponte, who is on a visit to Pakistan, met with Foreign Minister
Published 16 Jun, 2007 12:00am
Jamali terms Boucher's visit a routine trip

Jamali terms Boucher's visit a routine trip

Former Prime Minister Mir Zafarullah Khan Jamali has said that the visit of US Assistant Secretary of State Richard Boucher was a scheduled trip and there is nothing more than that attached to his visit. In an interview with a private TV channel he said t
Published 16 Jun, 2007 12:00am
Bryan lauds reforms programme in Punjab

Bryan lauds reforms programme in Punjab

Punjab Chief Minister, Chaudhry Pervaiz Elahi has said that mutual relations between Pakistan and America in education, health and economic sectors were strengthening with the passage of time.
Published 16 Jun, 2007 12:00am
Pakistan for strong ties with Malta: Soomro

Pakistan for strong ties with Malta: Soomro

Chairman Senate, Mohammedmian Soomro has said that Pakistan wants to develop special relationship with Malta. He made this observation while talking to Dr Michael Frendo, Maltese Foreign Minister, who called on him at his residence here on Friday.
Published 16 Jun, 2007 12:00am
Military regimes raised budget deficit, seminar told

Military regimes raised budget deficit, seminar told

"Military governments increased the budget deficit and the democratic government are left with no option but to clear the mess created by the military government". This was the view of economic analyst Dr A R Kamal, at a seminar on "A Critical Analysis of
Published 16 Jun, 2007 12:00am
Benazir calls for release of activists

Benazir calls for release of activists

The lawyers' movement cannot be crushed by arresting hundreds of political activists and ordinary citizens, said a statement released here on Friday quoting PPP Chairperson Benazir Bhutto as saying.
Published 16 Jun, 2007 12:00am
EPZ status demanded for Sialkot

EPZ status demanded for Sialkot

The Surgical Instruments Manufacturers Association of Pakistan, Sialkot (Simap), appreciating the revolutionary vision of President General Pervez Musharraf with regard to national development, has termed the overall outlook of the 2007-08 Federal budget
Published 16 Jun, 2007 12:00am
Sethi launches 'Sweet N Low'

Sethi launches 'Sweet N Low'

Sethi International, the sole distributor of world renowned brand UHU & Faber-Castell, has recently launched another world famous low calorie sweetener, Sweet N Low in Pakistan. The launching of the world famous low calorie sweetener was held in Karachi i
Published 16 Jun, 2007 12:00am
Emergency measures being taken to end loadshedding: Maqbool

Emergency measures being taken to end loadshedding: Maqbool

Punjab Governor Khalid Maqbool has advised the people not to follow the miscreants, agitators and the elements who play with the sentiments of others because one day's strike causes a loss of Rs 4 billion, besides slowing down the pace of progress, econom
Published 16 Jun, 2007 12:00am
Punjab governor satisfied with rights situation

Punjab governor satisfied with rights situation

The Punjab governor Lieutenant General Khalid Maqbool (Retd) has said human rights in Punjab is strictly followed and only those persons are being arrested who create law and order and police register cases against them while over all politics and media i
Published 16 Jun, 2007 12:00am
Punjab buys over 2562 million tons wheat

Punjab buys over 2562 million tons wheat

The Punjab Food Department has so far purchased 2,562,947 metric tonnes of wheat during the current procurement drive in the province. Punjab minister for Food Hussain Jahanian Gardezi, giving details about the ongoing procurement campaign, said that 26,9
Published 16 Jun, 2007 12:00am
US should play role in ensuring free, fair elections: Gilani

US should play role in ensuring free, fair elections: Gilani

Central Vice Chairman of PPP Syed Yousaf Raza Gilani said that United States should play its role in ensuring free, fair, impartial and transparent elections in Pakistan and ask General Pervez Musharraf to wear off his uniform for restoration of true demo
Published 16 Jun, 2007 12:00am
ISO denounces Samara bombing

ISO denounces Samara bombing

Imamia Students Organisation (ISO) staged demonstration against bombardment of US-led collision in Samara, Iraq at the shrine of Imam Hassan Askari (AS) and strongly denounced the attack. The ISO activists were led by divisional president Dr Ali Muhammad
Published 16 Jun, 2007 12:00am
Shell Pakistan, Kidney Centre sign MoU

Shell Pakistan, Kidney Centre sign MoU

The Kidney Centre signed a memorandum of understanding with Shell Pakistan to increase awareness about kidney diseases among the company's staff, contractors and the communities that live around its installations. Under this MoU, the Kidney Centre would p
Published 16 Jun, 2007 12:00am
Mushahid calls for APC

Mushahid calls for APC

Senator Mushahid Hussain Syed has called upon President Pervez Musharraf to convene an All Parties Conference (APC) to help evolve a consensus on ways and means to put in place an interim set-up which should pave the way for free and fair elections.
Published 16 Jun, 2007 12:00am
Frightening neglect of fisheries sector

Frightening neglect of fisheries sector

It is distressing, indeed, to learn from a news report that points to the aggravation of problems of the country's high potential seafood industry as a sequel to lack of attention to its crying need that had been spelled out in the budget proposals submit
Published 16 Jun, 2007 12:00am
Comfort women issue

Comfort women issue

Japanese Prime Minister Shinzo Abe's controversial remarks in March regarding the sexual slavery of foreign women before and during World War II provoked many politicians, government officials, media and opinion leaders around the world to denounce Japan'
Published 16 Jun, 2007 12:00am
US struggles with Baghdad sectarian turf wars

US struggles with Baghdad sectarian turf wars

The rubble-filled streets of the south-western Baghdad neighbourhood of Bayaa were filled with young men waving Shiite flags and dancing to the pulsating beat of a popular militia song. "This is what we call not good," said Captain Timothy Wright as his p
Published 16 Jun, 2007 12:00am
Money minting business

Money minting business

Frequent power failures in the city are no more a news as the people have learnt to live without the so-called "facility" provided by the Karachi Electric Supply Corporation (KESC). Despite growing protests, some times violent, in the hot and humid summer
Published 16 Jun, 2007 12:00am
Actions speak louder than words

Actions speak louder than words

Economic Survey for the current fiscal year 2006-07, as expected, recounted the economic achievements during the period. How far these statements and statistics are close to the reality is truly demonstrated in the title cover of the document that shows,
Published 16 Jun, 2007 12:00am
Sindh University approves Rs 1.184 million medical reimbursement

Sindh University approves Rs 1.184 million medical reimbursement

The medical reimbursement committee of the University of Sindh has approved the medical reimbursement of Rs 1.184 million for the faculty members and officers in the second half (January to June-2007) of current financial year 2006-2007.
Published 16 Jun, 2007 12:00am
Under CDGK roadmap: people to get houses on low prices

Under CDGK roadmap: people to get houses on low prices

A draft roadmap, under Karachi Mega City Sustainable Development Programme, was presented before the stakeholders to improve katchi abadis (KAs) and other low-income housing segments.
Published 16 Jun, 2007 12:00am
US MIDDAY: gold keeps rising

US MIDDAY: gold keeps rising

US gold futures steadied early on Friday at higher levels after tossing around on a raft of US economic data, all giving conflicting readings on the inflationary outlook, traders said. With a slew of gold investors holding short positions, prices nudge up
Published 16 Jun, 2007 12:00am
US MIDDAY: copper higher

US MIDDAY: copper higher

US copper futures turned higher in early on Friday on the back of rising US growth prospects and ongoing worries that global strike threats will continue to keep conditions tight, traders said. "It's mostly the warehouse stocks that we're looking at. They
Published 16 Jun, 2007 12:00am
US MIDDAY: soyabeans rally

US MIDDAY: soyabeans rally

Soyabean futures at the Chicago Board of Trade rallied early on Friday, tracking the strength in soyabean oil after Malaysian palm oil closed strong, traders said. July soyabeans were up 16-3/4 cents at $8.44-1/4 per bushel by 11 am CDT (1600 GMT).
Published 16 Jun, 2007 12:00am
US MIDDAY: corn leaps to 3-1/2-month high

US MIDDAY: corn leaps to 3-1/2-month high

Corn futures at the Chicago Board of Trade surged 3 percent to a 3-1/2-month high early on Friday amid persistent concerns about dry weather in the eastern portion of the US Midwest crop region, traders said.
Published 16 Jun, 2007 12:00am
US MIDDAY: wheat mixed

US MIDDAY: wheat mixed

Soft red winter wheat futures at the Chicago Board of Trade were mixed in choppy trade at midday Friday, with bull-spreading supporting nearby months, traders said. Prices stayed below the contract and 11-year highs established on Thursday.
Published 16 Jun, 2007 12:00am
European gold soars

European gold soars

Gold moved higher in Europe on Friday on a weaker dollar after US data showed core consumer inflation was lower than expected. Spot gold rose as high as $653.75 an ounce and was quoted at $653.15/$653.65 by 1419 GMT, against $651.20/$652.70 in New York la
Published 16 Jun, 2007 12:00am
Metals stay constant

Metals stay constant

Industrial metals prices firmed on Friday after tepid US inflation data boosted global equity markets. Copper for delivery in three months, a benchmark for the metals market, rallied to $7,520 a tonne from a session-low of $7,335 and ended the day at $7,5
Published 16 Jun, 2007 12:00am
Copper market seen staying tight

Copper market seen staying tight

The copper market is seen remaining tight in 2007 and any easing of prices will be related to reduced risk appetite and liquidity, Societe Generale Corporate and Investment Banking said on Friday.
Published 16 Jun, 2007 12:00am
New York cotton surges to 15-week peak

New York cotton surges to 15-week peak

Cotton futures finished on Friday at a 15-week high on steady all-around buying and should remain strong amid talk China will be a heavy of cotton in the months through the summer, analysts said. The New York Board of Trade's open-outcry July cotton contr
Published 16 Jun, 2007 12:00am
Gold seen stabilising around $700 longer-term

Gold seen stabilising around $700 longer-term

Gold has already seen this year's low and prices should stabilise around $700 an ounce in the long term on a bearish outlook for the dollar, the chairman of the industry-funded World Gold Council said.
Published 16 Jun, 2007 12:00am
Monsanto raises outlook

Monsanto raises outlook

Monsanto Co increased its fiscal 2007 earnings outlook on Friday due to strong results from the corn planting season in the United States and its herbicide business, sending its shares up 6 percent. The company said it expects fiscal 2007 ongoing earnings
Published 16 Jun, 2007 12:00am
Oil touches 10-month high on US fuel

Oil touches 10-month high on US fuel

Oil prices touched a 10-month high on Friday sparked by worries of low US fuel supplies from creaking refineries and an upsurge of violence in the Middle East. It was the third day of gains after a weekly US report on Wednesday showed gasoline stocks fail
Published 16 Jun, 2007 12:00am
Gold consumers adapt to prices, not volatility

Gold consumers adapt to prices, not volatility

Physical gold buyers have adjusted to strong prices above $600 an ounce after a price rally last year hit demand, forcing everyone from jewellery makers to industrial users to bite the bullet.
Published 16 Jun, 2007 12:00am
China soyameal and corn outlook bullish

China soyameal and corn outlook bullish

The outlook for soyameal among Chinese traders turned bullish for the first time this year, while that for soyaoil became bearish after five weeks of strong performance, according to a survey by a Chinese grain think-tank on Friday.
Published 16 Jun, 2007 12:00am
FTSE nears seven-year high

FTSE nears seven-year high

A global stock rally on tame US inflation helped Britain's benchmark share index to a near 7-year closing high, with retailer Sainsbury buoyed by stake-building and miners supported by bullish broker comments. The FTSE closed 1.2 percent higher at 6,732.4
Published 16 Jun, 2007 12:00am
Seoul shares hit record

Seoul shares hit record

Seoul shares ended up slightly after hitting a second straight record on Friday as brokerages again surged after a parliamentary panel approved an act that gives them a bigger role in the financial sector.
Published 16 Jun, 2007 12:00am
US Stocks: Friday's mid-afternoon trade

US Stocks: Friday's mid-afternoon trade

US stocks gained for a third straight day on Friday after tame consumer price data put inflation fears on the shelf, while an upgrade of bellwether Intel breathed life into the tech sector. The Nasdaq climbed to its highest in more than six years.
Published 16 Jun, 2007 12:00am
Italy approves household stage of energy reform

Italy approves household stage of energy reform

Italy on Friday approved a long -awaited decree giving households the chance to choose their electricity supplier, using a special rule to meet a European Union deadline for market liberalisation.
Published 16 Jun, 2007 12:00am
Europe ports struggle with Asia trade boom

Europe ports struggle with Asia trade boom

Europe's biggest ports face increasing chaotic congestion and delays in deliveries as they have failed to expand quickly enough to handle booming container imports from Asia.
Published 16 Jun, 2007 12:00am
Liberty Media, Echostar to bid for Intelsat

Liberty Media, Echostar to bid for Intelsat

Liberty Media Corp and EchoStar Communications Corp are preparing a joint offer for leading satellite operator Intelsat Ltd, The Wall Street Journal said late Thursday.
Published 16 Jun, 2007 12:00am
MySpace China aims to launch IM service

MySpace China aims to launch IM service

News Corp invested MySpace China aims to launch an online messaging service "as soon as possible", its CEO said, as the venture fights for a bigger share of the world's second-largest Internet market.
Published 16 Jun, 2007 12:00am
Bulgaria requires better workforce for growth

Bulgaria requires better workforce for growth

Bulgaria should revamp its education and employment plans in line with investor needs to ensure economic growth and boost convergence with European Union standards, a report said on Friday.
Published 16 Jun, 2007 12:00am
France to hold household gas prices

France to hold household gas prices

French gas prices will not rise in the coming months under an agreement between the finance ministry and Gaz de France the finance ministry said in a statement on Friday.
Published 16 Jun, 2007 12:00am
Tokyo bourse buys 4.99 percent of Singapore exchange

Tokyo bourse buys 4.99 percent of Singapore exchange

The Tokyo Stock Exchange spent about $304 million to buy a 4.99 percent stake in the Singapore Exchange Ltd, the latest move in a scramble by global bourses to forge ties and consolidate.
Published 16 Jun, 2007 12:00am
Taiwan approves 2007 budget

Taiwan approves 2007 budget

Taiwan's parliament on Friday approved its budget for 2007, with plans to spend T$1.6294 trillion ($49.2 billion) for the year, ending a six-month stand-off. Passage of the budget came nearly halfway into the year the latest ever following squabbles and t
Published 16 Jun, 2007 12:00am
Indian inflation eases

Indian inflation eases

Indian wholesale price inflation eased to its lowest in 10 months, holding within the central bank's comfort zone, but analysts said strong industrial growth meant the central bank would remain vigilant.
Published 16 Jun, 2007 12:00am
Previous Day
⇧