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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-07-04
Asian oil swap prices up

Asian oil swap prices up

Outright Asian oil swap prices moved forward on Tuesday, led by fuel oil, as crude hit 10-month highs the previous day, brokers said. Front-month July fuel oil swaps surged by $6.00 to $374 on Tuesday morning. Brokers reported weaker demand, but traders i
Published 04 Jul, 2007 12:00am
New York coffee mildly lower

New York coffee mildly lower

US arabica coffee trading in the open-outcry pit settled down a shade on Monday, after roaster buying helped to claw back from losses pressured by fund selling that took prices to a six-week low, traders said. "Without somebody else coming in and wanting
Published 04 Jul, 2007 12:00am
Australian wool rise

Australian wool rise

The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) rose 1 cent to 932c a kg clean at sales on Tuesday. AWEX said its northern indicator at sales in Sydney dropped 3 cents to 960c/kg, the southern indicator at sales in Melbourne ro
Published 04 Jul, 2007 12:00am
Supreme Court takes suo motu notice

Supreme Court takes suo motu notice

The Supreme Court has issued notice to CDA Chairman to appear before it court on 23.7.2007 on a complaint that agricultural farms allotted to different people in suburbs of Islamabad are not being used for the purpose for which they were allotted.
Published 04 Jul, 2007 12:00am
Asian physical rubber prices

Asian physical rubber prices

Asian physical rubber prices dropped on Tuesday to reflect losses in Tokyo futures. Bids for Indonesia's SIR20 grade were reported late on Monday but many consumers were likely to wait for prices to fall further before entering the market, said dealers.
Published 04 Jul, 2007 12:00am
BRIndex30 loses 162.42 points

BRIndex30 loses 162.42 points

On Tuesday, the BRIndex30 opened in the positive zone, at 15,476.96, but closed in the negative zone at 15,314.54, registering a negative change of -162.42 points and percentage change of -1.05. The BRIndex30 made an intra-day high of 15,534.64 and low of
Published 04 Jul, 2007 12:00am
Asian crude markets seen in lull

Asian crude markets seen in lull

Asia's crude market was in a lull on Tuesday, as most end users had met their requirements, but some lagging cargoes were under pressure amid a lack of buying interest, traders said. Traders also awaited a number of retroactive official selling prices for
Published 04 Jul, 2007 12:00am
BRIndex30 loses 162.42 points

BRIndex30 loses 162.42 points

On Tuesday, the BRIndex30 opened in the positive zone, at 15,476.96, but closed in the negative zone at 15,314.54, registering a negative change of -162.42 points and percentage change of -1.05. The BRIndex30 made an intra-day high of 15,534.64 and low of
Published 04 Jul, 2007 12:00am
South Korea flour millers seek 20,500 tonnes of wheat

South Korea flour millers seek 20,500 tonnes of wheat

A group of South Korean flour millers has issued a tender to buy 20,500 tonnes of US No 1 wheat, traders said on Tuesday. The tender would close at 2 pm (0500 GMT) on Wednesday, they added. Shipment is set between August 10 and September 10 and interested
Published 04 Jul, 2007 12:00am
Panic selling witnessed on KSE

Panic selling witnessed on KSE

The law and order situation in Islamabad created panic selling at the local bourse and investors opted for offloading their holdings on Tuesday. The market started on positive note and the KSE-100 index hit 13,994.16 points intra-day high, however, across
Published 04 Jul, 2007 12:00am
Food price rise won't cause serious China inflation: NBS

Food price rise won't cause serious China inflation: NBS

Rising global grain and food prices will not lead to a serious jump in China's inflation rate, a report by the National Bureau of Statistics said. The report, produced by several statistics officials and published on the bureau's Web site (www.stats.gov.c
Published 04 Jul, 2007 12:00am
Panic selling witnessed on KSE

Panic selling witnessed on KSE

The law and order situation in Islamabad created panic selling at the local bourse and investors opted for offloading their holdings on Tuesday. The market started on positive note and the KSE-100 index hit 13,994.16 points intra-day high, however, across
Published 04 Jul, 2007 12:00am
Asian naphtha price up

Asian naphtha price up

Asian naphtha prices rose on Tuesday on stronger crude, but the premium against Brent was steady amid concerns over weaker ethylene rates that could hurt demand from petrochemical producers. The key open-spec naphtha contract for second-half August stood
Published 04 Jul, 2007 12:00am
Panic selling witnessed on KSE

Panic selling witnessed on KSE

The law and order situation in Islamabad created panic selling at the local bourse and investors opted for offloading their holdings on Tuesday. The market started on positive note and the KSE-100 index hit 13,994.16 points intra-day high, however, across
Published 04 Jul, 2007 12:00am
MGE spring wheat ends lower

MGE spring wheat ends lower

Spring wheat futures on the Minneapolis Grain Exchange closed sharply lower on Monday, setting back from Friday's multiyear highs on long liquidation, traders said. Related pressure stemmed from inter-market spreading, with some firms taking profits by ex
Published 04 Jul, 2007 12:00am
MoC asked to reconcile HS Code with trade policy

MoC asked to reconcile HS Code with trade policy

The Central Board of Revenue (CBR) has asked the Ministry of Commerce to reconcile the Harmonised Commodity Description and Coding System (HS Code 2007) with the existing Trade Policy for adoption of new tariff code for imported items in the new policy.
Published 04 Jul, 2007 12:00am
New York cocoa slips

New York cocoa slips

US open-outcry cocoa futures settled lower on profit-taking on Monday after light speculative support briefly buoyed prices to a 4-1/4-year high for the fifth straight day, dealers said. "We just saw light volume up their and no real conviction by the bul
Published 04 Jul, 2007 12:00am
MoC asked to reconcile HS Code with trade policy

MoC asked to reconcile HS Code with trade policy

The Central Board of Revenue (CBR) has asked the Ministry of Commerce to reconcile the Harmonised Commodity Description and Coding System (HS Code 2007) with the existing Trade Policy for adoption of new tariff code for imported items in the new policy.
Published 04 Jul, 2007 12:00am
Dollar, supply woes push US copper to 1-1/2 month high

Dollar, supply woes push US copper to 1-1/2 month high

The price of copper rose to a 1-1/2-month high above $3.52 a lb. in futures trade on Monday, as investors flocked to the buy-side of the market amid sharp losses in the dollar and dwindling supplies of the metal, analysts said.
Published 04 Jul, 2007 12:00am
MoC asked to reconcile HS Code with trade policy

MoC asked to reconcile HS Code with trade policy

The Central Board of Revenue (CBR) has asked the Ministry of Commerce to reconcile the Harmonised Commodity Description and Coding System (HS Code 2007) with the existing Trade Policy for adoption of new tariff code for imported items in the new policy.
Published 04 Jul, 2007 12:00am
Gold ends near $660 an ounce

Gold ends near $660 an ounce

A sharply lower dollar and safe-haven buying amid heightened security concerns sent US gold futures surging more than 1 percent on Monday, as the precious metal finished just below $660 an ounce after hitting a wall of resistance.
Published 04 Jul, 2007 12:00am
Wheat prices hit all-time high: rise attributed to supply snags

Wheat prices hit all-time high: rise attributed to supply snags

Market movers on Tuesday once again increased wheat grain prices by Rs 500 per tonne to all time high rate of Rs 12,550 per tonne by creating shortage in the market, sources said. Flour millers have also announced one rupee raise per kilogram in wheat flo
Published 04 Jul, 2007 12:00am
Gold steady as Tokyo futures rise

Gold steady as Tokyo futures rise

Gold was steady on Tuesday after rising more than 1 percent the previous day on a weaker dollar and security concerns, while Tokyo futures rose to its highest in a week though a firmer yen curbed gains.
Published 04 Jul, 2007 12:00am
Wheat prices hit all-time high: rise attributed to supply snags

Wheat prices hit all-time high: rise attributed to supply snags

Market movers on Tuesday once again increased wheat grain prices by Rs 500 per tonne to all time high rate of Rs 12,550 per tonne by creating shortage in the market, sources said. Flour millers have also announced one rupee raise per kilogram in wheat flo
Published 04 Jul, 2007 12:00am
Indian sugar futures ease

Indian sugar futures ease

Indian sugar futures slipped more than 0.3 percent on Tuesday as traders squared off their positions in the absence of fresh initiatives by the government to help tied over a glut. "The market is now fearing no incentives would be announced during the wee
Published 04 Jul, 2007 12:00am
Wheat prices hit all-time high: rise attributed to supply snags

Wheat prices hit all-time high: rise attributed to supply snags

Market movers on Tuesday once again increased wheat grain prices by Rs 500 per tonne to all time high rate of Rs 12,550 per tonne by creating shortage in the market, sources said. Flour millers have also announced one rupee raise per kilogram in wheat flo
Published 04 Jul, 2007 12:00am
Oil stays over $72

Oil stays over $72

Oil prices slid on Tuesday but remain above $72 as expected crude stock drawdown in the United States spark concerns over supply tightness in the world's largest energy consumer. London Brent crude, presently a better reflection of the global crude oil ma
Published 04 Jul, 2007 12:00am
CBR spells out conditions for group relief

CBR spells out conditions for group relief

The Central Board of Revenue (CBR) has issued details of documents required for providing group relief to holding companies under income tax law. According to a CBR circular, Section 59B was added through Finance Act 2004, giving a holding company some gr
Published 04 Jul, 2007 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper rallied more than 2 percent on Tuesday following a 2 percent surge in London futures to a seven-week high as the dollar fell and threats to supply focused attention on limited metal stocks. The most-active September copper contract on the
Published 04 Jul, 2007 12:00am
CBR spells out conditions for group relief

CBR spells out conditions for group relief

The Central Board of Revenue (CBR) has issued details of documents required for providing group relief to holding companies under income tax law. According to a CBR circular, Section 59B was added through Finance Act 2004, giving a holding company some gr
Published 04 Jul, 2007 12:00am
Indian oils: trade upbeat on soyabean crop, meal exports

Indian oils: trade upbeat on soyabean crop, meal exports

India's production of soyabeans in 2007/08 is expected to exceed the 7.5 million tonne harvest of the year before, with sowing in full swing as monsoon rains arrive in key growing regions, traders said on Tuesday. Demand for Indian soyameal is likely to r
Published 04 Jul, 2007 12:00am
CBR spells out conditions for group relief

CBR spells out conditions for group relief

The Central Board of Revenue (CBR) has issued details of documents required for providing group relief to holding companies under income tax law. According to a CBR circular, Section 59B was added through Finance Act 2004, giving a holding company some gr
Published 04 Jul, 2007 12:00am
New York sugar futures down

New York sugar futures down

Raw sugar futures ended lower on Monday on speculative sales and news of the biggest delivery of the sweetener in almost a year, with bearish fundamentals seen keeping the market under the gun, brokers said.
Published 04 Jul, 2007 12:00am
Three top judges removed through extra-constitutional measures: Ramday

Three top judges removed through extra-constitutional measures: Ramday

The Presiding Judge of the 13-member Full Bench of the Supreme Court, Justice Khalilur Rehman Ramday, hearing the petition of Chief Justice, said on Tuesday that extra-constitutional measures were used to remove Judges of the superior courts, including th
Published 04 Jul, 2007 12:00am
Soyabeans higher

Soyabeans higher

The Chicago Board of Trade soyabean futures market rose on Monday on follow-through buying from Friday in response to the government's lower-than-expected US soya acreage figure, traders said. Buying picked up, when Midwest weather forecasts turned a litt
Published 04 Jul, 2007 12:00am
Three top judges removed through extra-constitutional measures: Ramday

Three top judges removed through extra-constitutional measures: Ramday

The Presiding Judge of the 13-member Full Bench of the Supreme Court, Justice Khalilur Rehman Ramday, hearing the petition of Chief Justice, said on Tuesday that extra-constitutional measures were used to remove Judges of the superior courts, including th
Published 04 Jul, 2007 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin fell on Tuesday due to selling pressure despite London Metal Exchange (LME) prices remaining steady, one dealer said.
Published 04 Jul, 2007 12:00am
India and Pakistan agree to fight drugs, cross-border crime

India and Pakistan agree to fight drugs, cross-border crime

Pakistan and India agreed on Tuesday to work together to tackle drugs trafficking and cross-border crime, officials attending the talks said. The announcement came as deadly violence erupted at a radical mosque in Islamabad, which could force Pakistani in
Published 04 Jul, 2007 12:00am
CBOT rice declines

CBOT rice declines

Chicago Board of Trade rough rice futures closed lower on Monday on lingering sales from the government's bearish US acreage report issued on Friday, traders said. July closed 6 cents lower at $10.33 per hundredweight, September settled 4-1/2 lowers at $1
Published 04 Jul, 2007 12:00am
Tokyo rubber recovers

Tokyo rubber recovers

Tokyo rubber futures firmed on Tuesday on technical buying after hitting a new five-month closing low the previous day, while a rise in oil prices helped soothe the battered sentiment. The benchmark Tokyo Commodity Exchange rubber contract for December de
Published 04 Jul, 2007 12:00am
Malaysian palm oil soars

Malaysian palm oil soars

Malaysian crude palm oil futures ended nearly 2 percent higher on Tuesday as expectations of strong overseas buying for the Muslim holy month of Ramazan and firm prices of rival soyabean oil buoyed the market.
Published 04 Jul, 2007 12:00am
Germany's VDA cuts 2007 car market forecast

Germany's VDA cuts 2007 car market forecast

A collapse in retail demand means new car sales in Germany will fall 100,000 vehicles short of expectations, industry group VDA said, cutting its 2007 forecast for a second time after six months of heavy declines.
Published 04 Jul, 2007 12:00am
No cane crushing before January: PSMA

No cane crushing before January: PSMA

While painting a bleak picture of the industry, the Pakistan Sugar Mills Association (PSMA) on Tuesday conveyed to the government in clear terms that it is not going to start crushing season 2007-08 before January 2008.
Published 04 Jul, 2007 12:00am
BASF to keep plastics business

BASF to keep plastics business

BASF has ruled out selling its plastics business and envisages only smaller portfolio adjustments amid the wave of consolidation in the sector, the head of its plastics division told Reuters. John Feldmann also said in an interview he welcomed the emergen
Published 04 Jul, 2007 12:00am
No cane crushing before January: PSMA

No cane crushing before January: PSMA

While painting a bleak picture of the industry, the Pakistan Sugar Mills Association (PSMA) on Tuesday conveyed to the government in clear terms that it is not going to start crushing season 2007-08 before January 2008.
Published 04 Jul, 2007 12:00am
China central bank vows tight policy to rein in economy

China central bank vows tight policy to rein in economy

China will keep tightening monetary policy to prevent the economy from overheating but will not ditch its long-standing policy of gradual yuan appreciation, the central bank said on Tuesday.
Published 04 Jul, 2007 12:00am
No cane crushing before January: PSMA

No cane crushing before January: PSMA

While painting a bleak picture of the industry, the Pakistan Sugar Mills Association (PSMA) on Tuesday conveyed to the government in clear terms that it is not going to start crushing season 2007-08 before January 2008.
Published 04 Jul, 2007 12:00am
Swiss inflation rate rises

Swiss inflation rate rises

Consumer prices in Switzerland increased by 0.6 percent in June on a year-on-year basis, the Swiss Federal Statistics Office said on Tuesday. The latest official inflation data compared with a rate of 0.5 percent recorded in May and 1.6 percent in June 20
Published 04 Jul, 2007 12:00am
Global stocks reassemble

Global stocks reassemble

Global stock markets rallied on Tuesday, encouraging investors to dump bonds as a new round of mergers helped them put aside concerns about tightening credit conditions and deteriorating security. Wall Street marched higher out the gates with the major av
Published 04 Jul, 2007 12:00am
Indonesia appoints France's Thales to build new satellite

Indonesia appoints France's Thales to build new satellite

Indonesia's Indosat on Tuesday said it had appointed Thales Alenia Space France (TASF) to build and launch its latest telecommunications satellite, Palapa D. In a statement, the company said the satellite will be launched in 2009 and have a service life o
Published 04 Jul, 2007 12:00am
Global stocks reassemble

Global stocks reassemble

Global stock markets rallied on Tuesday, encouraging investors to dump bonds as a new round of mergers helped them put aside concerns about tightening credit conditions and deteriorating security. Wall Street marched higher out the gates with the major av
Published 04 Jul, 2007 12:00am
US considers Indonesian debt-for-nature swap

US considers Indonesian debt-for-nature swap

Nearly 20 million dollars of Indonesia's debt to the United States could be re-directed to tropical forestry conservation under a debt-for-nature program, the US embassy said Tuesday.
Published 04 Jul, 2007 12:00am
Global stocks reassemble

Global stocks reassemble

Global stock markets rallied on Tuesday, encouraging investors to dump bonds as a new round of mergers helped them put aside concerns about tightening credit conditions and deteriorating security. Wall Street marched higher out the gates with the major av
Published 04 Jul, 2007 12:00am
Zimbabwe threatens defiant businesses over prices

Zimbabwe threatens defiant businesses over prices

Zimbabwe's government on Monday threatened to close businesses defying its order to halve prices, accusing them of working to topple President Robert Mugabe. Mugabe's government last week ordered a 50 percent cut in the prices of basic goods and services
Published 04 Jul, 2007 12:00am
ECB's Bini Smaghi defends foreign exchange division of labour

ECB's Bini Smaghi defends foreign exchange division of labour

A top European Central Bank official on Tuesday defended the way the bank and ministers share responsibility for the euro, rebuffing calls for finance ministers to have more influence over foreign exchange policy.
Published 04 Jul, 2007 12:00am
New BoE policymakers to face tougher scrutiny

New BoE policymakers to face tougher scrutiny

New members of the Bank of England's Monetary Policy Committee, including the governor of the central bank,will be subject to greater parliamentary scrutiny, British Prime Minister Gordon Brown said on Tuesday.
Published 04 Jul, 2007 12:00am
Operation imminent as curfew imposed in area

Operation imminent as curfew imposed in area

The government late Tuesday night decided to launch operation against the armed brigade of the Lal Masjid and also announced amnesty to those who would voluntarily surrender before the action.
Published 04 Jul, 2007 12:00am
Fillon vows to defend French interests in WTO talks

Fillon vows to defend French interests in WTO talks

France will not permit the Doha round of world trade talks to undermine its agricultural sector, Prime Minister Francois Fillon said on Tuesday. Talks between the United States, the European Union, India and Brazil on a deal on the Doha round of trade tal
Published 04 Jul, 2007 12:00am
Operation imminent as curfew imposed in area

Operation imminent as curfew imposed in area

The government late Tuesday night decided to launch operation against the armed brigade of the Lal Masjid and also announced amnesty to those who would voluntarily surrender before the action.
Published 04 Jul, 2007 12:00am
Tiger Airways to start flights to India in October

Tiger Airways to start flights to India in October

Tiger Airways will begin flying to India in October with one way fares excluding taxes starting from less than 39 US dollars, the Singapore budget carrier said Tuesday.
Published 04 Jul, 2007 12:00am
French Areva mulling US uranium enrichment plant

French Areva mulling US uranium enrichment plant

French nuclear group Areva is mulling the construction of a uranium enrichment plant in the United States to meet growing energy needs there, a company spokesman said Tuesday.
Published 04 Jul, 2007 12:00am
Embattled private equity bosses want simpler system

Embattled private equity bosses want simpler system

Private equity bosses, under fire from unions and politicians, called for a simpler UK tax regime and warned British legislators on Tuesday that the current system was too complex and could stifle business.
Published 04 Jul, 2007 12:00am
Slovakia considering changes in pensions regime

Slovakia considering changes in pensions regime

The Slovak government is considering changes to the pension system that would raise employment taxes and boost state income, a social affairs ministry document showed on Tuesday.
Published 04 Jul, 2007 12:00am
Irish economy grows 7.5 percent in first quarter

Irish economy grows 7.5 percent in first quarter

Ireland's economy steamed ahead in the first quarter of 2007 with economic growth of 7.5 percent on a 12-month comparison, according to official data published Tuesday. "Gross domestic product (GDP) at constant prices was 7.5 percent higher in the first q
Published 04 Jul, 2007 12:00am
Next IMF head may be Italian

Next IMF head may be Italian

The Bank of Italy's number two official said on Tuesday it was possible an Italian could be the next head of the International Monetary Fund following Rodrigo Rato's surprise decision to step down as managing director.
Published 04 Jul, 2007 12:00am
Australia reviews Apec security after bomb plot arrest

Australia reviews Apec security after bomb plot arrest

Australian authorities said Tuesday they were reviewing security for a key meeting of Asia-Pacific trade ministers in Cairns after detaining an Indian doctor over failed car bombs in Britain.
Published 04 Jul, 2007 12:00am
Kia Motors workers strike

Kia Motors workers strike

Unionised workers at South Korea's second largest carmaker Kia Motors on Tuesday began a six-hour strike, which the company said would cost more than 30 million dollars in lost production.
Published 04 Jul, 2007 12:00am
France renews call for euro to be growth tool

France renews call for euro to be growth tool

France renewed its call for the euro to be used to foster growth, a thinly veiled protest at export-crimping gains which saw the single currency scale new all-time highs against the yen on Tuesday.
Published 04 Jul, 2007 12:00am
Mexican tycoon Slim overtakes Bill Gates

Mexican tycoon Slim overtakes Bill Gates

Mexican telecom tycoon Carlos Slim Helu has overtaken Microsoft founder Bill Gates as the richest person on the planet, according to the Mexican financial website Sentido Comun. Sentido Comun said the Mexican mogul's wealth had shot past Gates following t
Published 04 Jul, 2007 12:00am
EU rules on duty-free alcohol air transit agreed

EU rules on duty-free alcohol air transit agreed

New rules to end thousands of litres of duty-free alcohol and perfume being poured down the drain daily at European Union airports have been agreed by EU transport officials, the European Commission said on Tuesday.
Published 04 Jul, 2007 12:00am
Economy outlook bright

Economy outlook bright

The eurozone's economic outlook is bright, with expansion increasingly fuelled by domestic demand, and inflation appears to be under control, the European Commission said on Tuesday. "Good times are here for the euro area ... It also looks like good times
Published 04 Jul, 2007 12:00am
Eurozone joblessness lowest in over a decade

Eurozone joblessness lowest in over a decade

Eurozone unemployment fell to a record low of 7 percent in May, its lowest in over a decade, the European Union's statistics agency said on Tuesday, fanning wage inflation fears in a tight labour market.
Published 04 Jul, 2007 12:00am
Malaysia and Syria explore free trade talks

Malaysia and Syria explore free trade talks

Malaysia and Syria plan to explore the possibility of a free-trade agreement (FTA) as the two countries strive to expand trade and investment ties, a trade minister said Tuesday. Malaysia's Trade Minister Rafidah Aziz said such an FTA would be Syria's fir
Published 04 Jul, 2007 12:00am
Ghana redenominates its cedi currency

Ghana redenominates its cedi currency

Ghana's cedi currency was redenominated on Tuesday, shedding four zeros, in a move intended to make life easier for shoppers and business people fed up of carrying large bundles of cash that make them easy prey for thieves.
Published 04 Jul, 2007 12:00am
Opec keeps lid on oil output in June: survey

Opec keeps lid on oil output in June: survey

Opec, excluding Iraq and Angola, raised crude oil output slightly in June as Nigerian supply began to recover from a spate of outages and Iran pumped more, a Reuters survey showed on Tuesday.
Published 04 Jul, 2007 12:00am
Ahmadinejad tells state firms not to up prices

Ahmadinejad tells state firms not to up prices

Iran's president has ordered state firms not to raise the prices of their goods and threatened to punish violators, media reported on Tuesday, a move critics say will encourage corruption while failing to tackle inflation.
Published 04 Jul, 2007 12:00am
SAP admits wrongdoing in Oracle document theft case

SAP admits wrongdoing in Oracle document theft case

Software maker SAP AG admitted a subsidiary had carried out "inappropriate downloads" of documents belonging to archrival Oracle Corp but said on Tuesday SAP itself had not had access to that material.
Published 04 Jul, 2007 12:00am
Nokia Siemens signs deal with Bharti Airtel

Nokia Siemens signs deal with Bharti Airtel

Nokia Siemens Networks, the Finnish-German telecom networks manufacturer, said Tuesday it had signed a memorandum of understanding worth 900 million dollars (662.3 million euros) with India's Bharti Airtel.
Published 04 Jul, 2007 12:00am
US factory orders fall

US factory orders fall

New orders at US factories fell a smaller-than-forecast 0.5 percent in May, logging the first decline in four months, the Commerce Department said on Tuesday. Analysts polled by Reuters were expecting orders to slide 1.2 percent.
Published 04 Jul, 2007 12:00am
German rail strikes cause 'massive' disruptions

German rail strikes cause 'massive' disruptions

German rail workers extended strikes over pay on Tuesday, causing what operator Deutsche Bahn said were "massive" disruptions for early morning commuters in big cities including Berlin, Frankfurt and Munich.
Published 04 Jul, 2007 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed 0.64 percent higher on Tuesday with heavy buying in property and construction stocks following Wall Street's overnight rally, dealers said. The Kuala Lumpur Composite Index gained 8.77 points to 1,373.14, just off the session
Published 04 Jul, 2007 12:00am
Hong Kong shares strike record

Hong Kong shares strike record

Hong Kong blue chips hit a record on Tuesday, buoyed by strong gains on Wall Street and Shanghai, and fuelled by high hopes for an influx of mainland funds after a top Chinese bank said it would launch a second fund to pour client money into the city's eq
Published 04 Jul, 2007 12:00am
US stocks rally on M&A frenzy

US stocks rally on M&A frenzy

US stocks rallied on Monday, the first day of the third quarter, boosted by a fresh round of take-over activity and data showing a pickup in manufacturing in June. Caterpillar Inc and United Technologies Corp led the Dow industrials higher after a surpris
Published 04 Jul, 2007 12:00am
Singapore shares surge

Singapore shares surge

Singapore share prices closed 0.54 percent higher on Tuesday on selective buying of blue chips following Wall Street's strong gains, dealers said. They said property-related counters, especially in construction, also supported the index.
Published 04 Jul, 2007 12:00am
Fear bid boosts US bonds after UK events

Fear bid boosts US bonds after UK events

US Treasuries rose on Monday, sending 10-year yields below 5 percent for the first time since early June, as global bonds rallied on security worries and shrugged off strong US factory data.
Published 04 Jul, 2007 12:00am
Fear bid boosts US bonds after UK events

Fear bid boosts US bonds after UK events

US Treasuries rose on Monday, sending 10-year yields below 5 percent for the first time since early June, as global bonds rallied on security worries and shrugged off strong US factory data.
Published 04 Jul, 2007 12:00am
Philippines shares jump

Philippines shares jump

Philippines share prices rose 1.63 percent on Tuesday to another record finish as investors cheered a strong showing on Wall Street overnight and looked forward to strong upcoming quarterly results, dealers said. They said that after a recent pullback, th
Published 04 Jul, 2007 12:00am
Indian shares close at new high

Indian shares close at new high

Indian share prices closed at a new record high on Tuesday as concerns of a hike in interest rates eased, dealers said. They said buying sentiment improved on the waning of global and local rate concerns after the US Federal Reserve kept key rates unchang
Published 04 Jul, 2007 12:00am
Nikkei record gains in fourth straight session

Nikkei record gains in fourth straight session

The Nikkei average scraped to its fourth straight session of gains on Tuesday, adding 0.02 percent as Olympus Corp and other exporters rose after an index of US manufacturing activity hit its highest in more than a year, boosting confidence in Japan's lar
Published 04 Jul, 2007 12:00am
Thai shares hit highest level

Thai shares hit highest level

Thai share prices closed 2.63 percent higher on Tuesday, breaking the 800-point barrier to reach their highest level since the 1997 financial crisis, as bullish sentiment spread across the region, dealers said.
Published 04 Jul, 2007 12:00am
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