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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-07-28
Raziq Bugti gunned down

Raziq Bugti gunned down

The spokesman of Balochistan government, Raziq Bugti, was killed in an attack on Friday. According to reports, Raziq Bugti was in his vehicle on Zargoon Road near GPO when some unidentified people opened indiscriminate firing on him and he was killed on t
Published 28 Jul, 2007 12:00am
WCE canola futures settle higher

WCE canola futures settle higher

Canola futures on the Winnipeg Commodity Exchange settled higher on Thursday, boosted by strength in US soy futures and on crusher buying during a volatile session, traders said. "We got a roller-coaster ride out of the beans," a trader said, noting canol
Published 28 Jul, 2007 12:00am
BRIndex30 sheds 41.07 points

BRIndex30 sheds 41.07 points

On Friday, BRIndex30 opened in the positive zone at 14,775.28 but soon went to negative zone and remained in red for the rest of the trading time. It closed at 14,714.28 with a net negative change of -41.07 points or percentage change of -0.28. It saw int
Published 28 Jul, 2007 12:00am
US Midwest corn and soyabean bids steady to firm

US Midwest corn and soyabean bids steady to firm

Spot basis bids for corn and soyabeans were steady to firm around the US Midwest on Thursday as dealers tried to boost supplies at processors and elevators. But farmers were reluctant to book sales of either commodity despite a futures market rally that p
Published 28 Jul, 2007 12:00am
BRIndex30 sheds 41.07 points

BRIndex30 sheds 41.07 points

On Friday, BRIndex30 opened in the positive zone at 14,775.28 but soon went to negative zone and remained in red for the rest of the trading time. It closed at 14,714.28 with a net negative change of -41.07 points or percentage change of -0.28. It saw int
Published 28 Jul, 2007 12:00am
CBoT wheat futures higher

CBoT wheat futures higher

Wheat futures on the Chicago Board of Trade closed higher on Thursday, roaring to a new 11-year top on a huge weekly US export sales figure and surging European wheat markets, traders said.
Published 28 Jul, 2007 12:00am
HBL offer is 64th IPO since 2000

HBL offer is 64th IPO since 2000

The country''''s equity market is witnessing 64th initial public offering (IPO) to the general public since 2000 with Habib Bank''''s biggest IPO in terms of value of Rs 12.2 billion. The government has offered 51.75 million HBL shares, including green-sh
Published 28 Jul, 2007 12:00am
Oil cake market rates

Oil cake market rates

Some businesses were seen in the forward cottonseed oilcake market on Friday as a few buyers took part in fresh deals, brokers said. The Decmber vaida was unchanged at Rs 502.00 and market settled at the same rate, dealers said.
Published 28 Jul, 2007 12:00am
HBL offer is 64th IPO since 2000

HBL offer is 64th IPO since 2000

The country''s equity market is witnessing 64th initial public offering (IPO) to the general public since 2000 with Habib Bank''s biggest IPO in terms of value of Rs 12.2 billion. The government has offered 51.75 million HBL shares, including green-shoe o
Published 28 Jul, 2007 12:00am
Speculative buying seen on cotton market

Speculative buying seen on cotton market

Speculative buying was seen on the cotton market on Friday as mills and spinners were trying to cover their urgent needs, brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2900, they added. In the reading business,
Published 28 Jul, 2007 12:00am
HBL offer is 64th IPO since 2000

HBL offer is 64th IPO since 2000

The country's equity market is witnessing 64th initial public offering (IPO) to the general public since 2000 with Habib Bank's biggest IPO in terms of value of Rs 12.2 billion. The government has offered 51.75 million HBL shares, including green-shoe opt
Published 28 Jul, 2007 12:00am
Rates firm on grain market

Rates firm on grain market

Firmness prevailed in the grain market on Friday as the leading buyers were on the sidelines due to lack of interest in new deals and partly because of Juma prayers, dealers said.
Published 28 Jul, 2007 12:00am
HBL offer is 64th IPO since 2000

HBL offer is 64th IPO since 2000

The country's equity market is witnessing 64th initial public offering (IPO) to the general public since 2000 with Habib Bank's biggest IPO in terms of value of Rs 12.2 billion. The government has offered 51.75 million HBL shares, including green-shoe opt
Published 28 Jul, 2007 12:00am
Kirana items down on Jodia Bazaar

Kirana items down on Jodia Bazaar

The trading on Kirana items moved down on Jodia Bazaar on Friday. The following variations were noted.
Published 28 Jul, 2007 12:00am
US cotton weekly export sales highlights

US cotton weekly export sales highlights

USDA cotton export sales highlights for latest reporting week: Net Upland sales of 23,700 running bales were 19 percent below the previous week and 78 percent under the prior 4-week average.
Published 28 Jul, 2007 12:00am
Coffee consolidates down

Coffee consolidates down

US open-outcry arabica coffee settled lower on Thursday on speculative fund liquidation while weakness in other markets pressured bean prices, traders said. "There is a lot of weakness across the board, gold is down 11 bucks, silver is down," a dealer for
Published 28 Jul, 2007 12:00am
New York cocoa ends at month low

New York cocoa ends at month low

US cocoa settled on Thursday at a one-month low on speculative fund liquidation as part of a correction after the market recently hit a three-week top, traders said. The New York Board of Trade's benchmark September cocoa contract sank $56 or 2.7 percent
Published 28 Jul, 2007 12:00am
KSE-100 index down by 52.87 points

KSE-100 index down by 52.87 points

The law and order situation in Islamabad and other parts of the country created panic selling at Karachi share market on Friday. The market started on positive note and the KSE-100 index hit 13,726.71 points intra-day high level on the back of fresh buyin
Published 28 Jul, 2007 12:00am
MGE spring wheat higher

MGE spring wheat higher

Spring wheat futures on the Minneapolis Grain Exchange climbed to 11-year highs on Thursday, following a limit-up surge in Chicago Board of Trade wheat, traders said. Bullish export data lifted both markets.
Published 28 Jul, 2007 12:00am
KSE-100 index down by 52.87 points

KSE-100 index down by 52.87 points

The law and order situation in Islamabad and other parts of the country created panic selling at Karachi share market on Friday. The market started on positive note and the KSE-100 index hit 13,726.71 points intra-day high level on the back of fresh buyin
Published 28 Jul, 2007 12:00am
US copper futures slide

US copper futures slide

US copper futures settled lower for the fourth straight session on Thursday, as investors continued to unwind long positions and move their money into safer havens, dealers said. "The whole complex is down base metals and everything because the hedge fund
Published 28 Jul, 2007 12:00am
KSE-100 index down by 52.87 points

KSE-100 index down by 52.87 points

The law and order situation in Islamabad and other parts of the country created panic selling at Karachi share market on Friday. The market started on positive note and the KSE-100 index hit 13,726.71 points intra-day high level on the back of fresh buyin
Published 28 Jul, 2007 12:00am
US gold futures end $11 lower

US gold futures end $11 lower

US gold futures finished sharply lower for a second straight day on Thursday as funds liquidated long positions, and as bullion failed to attract any flight-to-quality buying as a wave of risk aversion swept through financial markets.
Published 28 Jul, 2007 12:00am
Gold rebounds after sell-off

Gold rebounds after sell-off

Gold recovered on Friday after tumbling to its lowest level in two weeks the previous day, while Tokyo futures slipped for the fifth day in a row to a one-month low as investors ditched their holdings. A plunge in US shares has triggered some sell-off in
Published 28 Jul, 2007 12:00am
PEL hires US firm for seismic data evaluation

PEL hires US firm for seismic data evaluation

The Petroleum Exploration (Pvt) Limited (PEL) has hired ''Spectrum'', an American company, for evaluation of the seismic data compiled from Khairpur, Sindh for oil and gas exploration and production. PEL will use the data to drill 16 developmental wells i
Published 28 Jul, 2007 12:00am
Shanghai copper dips

Shanghai copper dips

Shanghai copper prices dipped on Friday as investors weighed an expected fall in Chinese inventories and renewed weakness in the dollar amid a global equities slump. The most active copper contract on the Shanghai Futures Exchange slipped 250 yuan, or 0.4
Published 28 Jul, 2007 12:00am
PEL hires US firm for seismic data evaluation

PEL hires US firm for seismic data evaluation

The Petroleum Exploration (Pvt) Limited (PEL) has hired 'Spectrum', an American company, for evaluation of the seismic data compiled from Khairpur, Sindh for oil and gas exploration and production. PEL will use the data to drill 16 developmental wells in
Published 28 Jul, 2007 12:00am
Oil holds firm above $75

Oil holds firm above $75

Oil rose on Friday, holding firm above $75 a barrel as traders bet that fears of tight summer supplies would offset a fresh wave of risk aversion that struck US equities and dragged oil down a day ago. London Brent crude gained 41 cents to $75.59 a barrel
Published 28 Jul, 2007 12:00am
PEL hires US firm for seismic data evaluation

PEL hires US firm for seismic data evaluation

The Petroleum Exploration (Pvt) Limited (PEL) has hired 'Spectrum', an American company, for evaluation of the seismic data compiled from Khairpur, Sindh for oil and gas exploration and production. PEL will use the data to drill 16 developmental wells in
Published 28 Jul, 2007 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin climbed 0.9 percent on Friday to hit a new high on rising London Metal Exchange prices and robust foreign demand, one dealer said.
Published 28 Jul, 2007 12:00am
SBP likely to continue monetary policy

SBP likely to continue monetary policy

State Bank of Pakistan (SBP) is likely to continue its previous stance of tightening the policy to curb inflation and to check liquidity for the next six months, as the policy proved successful during the 2007 fiscal.
Published 28 Jul, 2007 12:00am
Indonesia crude palm oil prices up

Indonesia crude palm oil prices up

Indonesian crude palm oil prices rose on Friday, supported by gains in Malaysia, a weakening rupiah and strong demand from local refiners. At the state marketing centre in Jakarta, crude palm oil jumped 1.5 percent to 7,404 rupiah ($0.811) from 7,293 rupi
Published 28 Jul, 2007 12:00am
SBP likely to continue monetary policy

SBP likely to continue monetary policy

State Bank of Pakistan (SBP) is likely to continue its previous stance of tightening the policy to curb inflation and to check liquidity for the next six months, as the policy proved successful during the 2007 fiscal.
Published 28 Jul, 2007 12:00am
China soya and corn market stay weak, soyaoil strong-survey

China soya and corn market stay weak, soyaoil strong-survey

Chinese grain traders expected soyabean and corn markets to stay weak in coming days while soyaoil ticked up again for the fourth week, according to a survey by a Chinese think-tank. Traders' outlook for the soyabean market has improved, but was still bea
Published 28 Jul, 2007 12:00am
SBP likely to continue monetary policy

SBP likely to continue monetary policy

State Bank of Pakistan (SBP) is likely to continue its previous stance of tightening the policy to curb inflation and to check liquidity for the next six months, as the policy proved successful during the 2007 fiscal.
Published 28 Jul, 2007 12:00am
New York sugar futures higher

New York sugar futures higher

Raw sugar futures settled largely higher on Thursday on a steady round of trade and speculative buying, but the market is still pinned in a range and will likely stay in that band for now, brokers said. The New York Board of Trade's October sugar contract
Published 28 Jul, 2007 12:00am
US Congress ties aid to terrorism progress

US Congress ties aid to terrorism progress

Congressional negotiators have agreed on legislation that would tie US aid to Pakistan to significant progress by Islamabad in cracking down on al Qaeda, the Taliban and other militants, congressional sources said on Thursday.
Published 28 Jul, 2007 12:00am
Soya makes gains

Soya makes gains

Chicago Board of Trade soyabean futures ended higher on Thursday after a volatile session, tracking wheat which climbed the 30-cent limit to hit an 11-year high on strong weekly export sales data, traders said. "It was a pretty wild day. Wheat was up 30 c
Published 28 Jul, 2007 12:00am
US Congress ties aid to terrorism progress

US Congress ties aid to terrorism progress

Congressional negotiators have agreed on legislation that would tie US aid to Pakistan to significant progress by Islamabad in cracking down on al Qaeda, the Taliban and other militants, congressional sources said on Thursday.
Published 28 Jul, 2007 12:00am
CBoT rice closes firm

CBoT rice closes firm

Rough rice futures on the Chicago Board of Trade closed firmer on Thursday, hitting a one-month top on speculative buying amid light volume, traders said. September rice closed 1-1/2 cent higher at $10.40-1/2 per hundredweight, after reaching a high of $1
Published 28 Jul, 2007 12:00am
Task force not satisfied with PPIB performance

Task force not satisfied with PPIB performance

The task force on energy on Friday expressed dissatisfaction over Private Power Infrastructure Board (PPIB) performance and asked the Ministry of Water and Power to come up in the next meeting with a comprehensive plan for power generation on fast track b
Published 28 Jul, 2007 12:00am
Tokyo rubber falls

Tokyo rubber falls

Tokyo rubber futures fell about 2 percent on Friday, reversing the previous day's rally to a one-month high as a rise in the yen versus the dollar encouraged investors to lock in profits. The most-active rubber contract on the Tokyo Commodity Exchange for
Published 28 Jul, 2007 12:00am
Task force not satisfied with PPIB performance

Task force not satisfied with PPIB performance

The task force on energy on Friday expressed dissatisfaction over Private Power Infrastructure Board (PPIB) performance and asked the Ministry of Water and Power to come up in the next meeting with a comprehensive plan for power generation on fast track b
Published 28 Jul, 2007 12:00am
Malaysian palm oil gains

Malaysian palm oil gains

Malaysian crude palm oil futures rose 0.6 percent on Friday as the ringgit continued to weaken and soaring crude oil prices supported the market. Palm oil prices also were helped by expectations of better exports in the coming months, traders said.
Published 28 Jul, 2007 12:00am
Task force not satisfied with PPIB performance

Task force not satisfied with PPIB performance

The task force on energy on Friday expressed dissatisfaction over Private Power Infrastructure Board (PPIB) performance and asked the Ministry of Water and Power to come up in the next meeting with a comprehensive plan for power generation on fast track b
Published 28 Jul, 2007 12:00am
Singapore's DBS second quarter profit up

Singapore's DBS second quarter profit up

DBS Group Holdings, Southeast Asia's biggest bank, reported a higher-than-expected 21 percent rise in quarterly net profit on Friday, after loan growth lifted interest income and strong capital markets boosted fees.
Published 28 Jul, 2007 12:00am
Benazir and Musharraf hold talks

Benazir and Musharraf hold talks

In a dramatic move President General Pervez Musharraf had reportedly held a short meeting with PPP Chairperson Benazir Bhutto in Abu Dhabi on Friday. The meeting ended in a deadlock, one TV News channel reported. It is being said that it is their second s
Published 28 Jul, 2007 12:00am
EU charges Intel over Advanced Micro

EU charges Intel over Advanced Micro

Intel slashed prices below cost and gave huge rebates in an illegal attempt to drive its smaller competitor out of the market, the European Union said on Friday in charges against the world's largest chipmaker.
Published 28 Jul, 2007 12:00am
Benazir and Musharraf hold talks

Benazir and Musharraf hold talks

In a dramatic move President General Pervez Musharraf had reportedly held a short meeting with PPP Chairperson Benazir Bhutto in Abu Dhabi on Friday. The meeting ended in a deadlock, one TV News channel reported. It is being said that it is their second s
Published 28 Jul, 2007 12:00am
Swiss name Toyota's Prius the world's greenest car

Swiss name Toyota's Prius the world's greenest car

Switzerland, renowned for its clean Alpine air and pristine ski slopes, has named Toyota's Prius the world's greenest car. The Swiss government gave the Prius the highest green rating in a draft study evaluating the environmental impact of driving around
Published 28 Jul, 2007 12:00am
Lal Masjid closed for indefinite period

Lal Masjid closed for indefinite period

The government has closed down Lal Masjid for an indefinite period after launching a massive search operation to hunt down radical students responsible for creating chaos in the capital.
Published 28 Jul, 2007 12:00am
US Senate panel approves currency bill aimed at China

US Senate panel approves currency bill aimed at China

The Senate Finance Committee voted 20-1 on Thursday to give the US government new tools to press China to raise the value of its currency, but the Bush administration said it opposed the bill.
Published 28 Jul, 2007 12:00am
Lal Masjid closed for indefinite period

Lal Masjid closed for indefinite period

The government has closed down Lal Masjid for an indefinite period after launching a massive search operation to hunt down radical students responsible for creating chaos in the capital.
Published 28 Jul, 2007 12:00am
India lifts Capgemini's first half profit

India lifts Capgemini's first half profit

Computer consultancy Capgemini said first-half operating profit rose 49 percent, buoyed by Indian expansion, but the result barely met expectations and its shares led losses on a nervy French stock market.
Published 28 Jul, 2007 12:00am
Seven cops among 15 killed in Islamabad blast

Seven cops among 15 killed in Islamabad blast

A suicide bomber killed at least 15 people amid violent clashes between police and students of religious schools at the official reopening of renovated Lal Masjid for Friday prayer. Seven of the dead were constables of Punjab police.
Published 28 Jul, 2007 12:00am
India lifts Capgemini's first half profit

India lifts Capgemini's first half profit

Computer consultancy Capgemini said first-half operating profit rose 49 percent, buoyed by Indian expansion, but the result barely met expectations and its shares led losses on a nervy French stock market.
Published 28 Jul, 2007 12:00am
Seven cops among 15 killed in Islamabad blast

Seven cops among 15 killed in Islamabad blast

A suicide bomber killed at least 15 people amid violent clashes between police and students of religious schools at the official reopening of renovated Lal Masjid for Friday prayer. Seven of the dead were constables of Punjab police.
Published 28 Jul, 2007 12:00am
Cuba's current account back in the red in 2006

Cuba's current account back in the red in 2006

Cuba's trade deficit widened 21 percent last year to $6.335 billion but the export of its services like medical treatments curbed the deficit in its current account balance of payments to $239.7 million, official statistics showed on Friday.
Published 28 Jul, 2007 12:00am
Japanese price outlook in doubt, may affect BoJ moves

Japanese price outlook in doubt, may affect BoJ moves

Japanese inflation is widely expected to pick up next year, a development that is seen as helping the Bank of Japan justify a faster pace of rate hikes, but some economists challenge this mainstream view. They say consumer prices will likely stay flat thr
Published 28 Jul, 2007 12:00am
USTR eyes South Korea trade pact approval by 2009

USTR eyes South Korea trade pact approval by 2009

The Bush administration believes it can win approval of a free trade agreement with South Korea by early 2009, despite strong opposition from Democratic leaders, a US trade official said on Thursday.
Published 28 Jul, 2007 12:00am
USDA's Conner asks tighter US farm subsidy rules

USDA's Conner asks tighter US farm subsidy rules

The US House of Representatives should dramatically tighten farm subsidy rules to push the wealthiest Americans out of the farm program, Deputy Agriculture Secretary Chuck Conner said on Monday.
Published 28 Jul, 2007 12:00am
LVMH upbeat on rest of 2007 as Vuitton grows in Japan

LVMH upbeat on rest of 2007 as Vuitton grows in Japan

LVMH, the world's largest luxury goods group, affirmed its confidence in achieving a significant rise in 2007 results as it reported its flagship Louis Vuitton brand had returned to growth in Japan.
Published 28 Jul, 2007 12:00am
LVMH upbeat on rest of 2007 as Vuitton grows in Japan

LVMH upbeat on rest of 2007 as Vuitton grows in Japan

LVMH, the world's largest luxury goods group, affirmed its confidence in achieving a significant rise in 2007 results as it reported its flagship Louis Vuitton brand had returned to growth in Japan.
Published 28 Jul, 2007 12:00am
ADB in talks with India on currency swap

ADB in talks with India on currency swap

The Asian Development Bank (ADB) is in talks with India about a currency swap that would help fund infrastructure projects without adding to the inflows that are complicating monetary policy, senior officials said on Thursday.
Published 28 Jul, 2007 12:00am
Michelin profit jumps

Michelin profit jumps

French tyremaker Michelin reported a big increase in first-half profits on Friday but its shares dropped for a second day running because the market had expected even more. Michelin said its net profit had leapt by 58.2 percent in the first half to 436.7
Published 28 Jul, 2007 12:00am
Michelin profit jumps

Michelin profit jumps

French tyremaker Michelin reported a big increase in first-half profits on Friday but its shares dropped for a second day running because the market had expected even more. Michelin said its net profit had leapt by 58.2 percent in the first half to 436.7
Published 28 Jul, 2007 12:00am
World Bank's IFC looks off the beaten track

World Bank's IFC looks off the beaten track

The World Bank's private sector lending arm is boosting its equity investments in home-grown second-rank companies where it sees opportunity and growth but wary investors may still see risk.
Published 28 Jul, 2007 12:00am
Amazon second quarter net profit jumps

Amazon second quarter net profit jumps

Amazon.com Inc posted quarterly net profit on Tuesday that leaped a surprising 250 percent as sales rose 35 percent and subscriptions to the online retailer's discount shipping program accelerated, sending shares up 12 percent after-hours. The company als
Published 28 Jul, 2007 12:00am
Amazon second quarter net profit jumps

Amazon second quarter net profit jumps

Amazon.com Inc posted quarterly net profit on Tuesday that leaped a surprising 250 percent as sales rose 35 percent and subscriptions to the online retailer's discount shipping program accelerated, sending shares up 12 percent after-hours. The company als
Published 28 Jul, 2007 12:00am
Humans to blame for global changes in rain

Humans to blame for global changes in rain

Human activities that spur global warming are largely to blame for changes in rainfall patterns over the last century, climate researchers reported on Monday. The report was released as record rains caused deadly flooding in Britain and China.
Published 28 Jul, 2007 12:00am
Angola wants foreign investors for diamond sector

Angola wants foreign investors for diamond sector

Angola's state-run diamond company wants foreign companies as partners to tap what it believes are vast undiscovered pockets of the precious gems, a company official said on Thursday.
Published 28 Jul, 2007 12:00am
McAfee second-quarter profit rises

McAfee second-quarter profit rises

McAfee Inc, the No 2 security software maker, said on Thursday its quarterly profit rose 57 percent on higher software sales, according to preliminary results. It also expects to take $100 million to $150 million in noncash charges as it restates previous
Published 28 Jul, 2007 12:00am
McAfee second-quarter profit rises

McAfee second-quarter profit rises

McAfee Inc, the No 2 security software maker, said on Thursday its quarterly profit rose 57 percent on higher software sales, according to preliminary results. It also expects to take $100 million to $150 million in noncash charges as it restates previous
Published 28 Jul, 2007 12:00am
Taiwan stocks mark biggest drop

Taiwan stocks mark biggest drop

Taiwan shares fell 4.22 percent on Friday to their lowest close in three weeks, marking their largest one-day percentage drop in more than a year, after a sell-off on Wall Street hurt big exporters such as TSMC. All sectors fell, pulling down the main TAI
Published 28 Jul, 2007 12:00am
Singapore shares finish lower

Singapore shares finish lower

Singapore share prices closed 2.4 percent lower on Friday, falling sharply in line with other regional bourses after one of Wall Street's worst sell-off overnight, dealers said. The Straits Times Index was down 87.03 points at 3,492.70, its lowest finish
Published 28 Jul, 2007 12:00am
Hong Kong shares fall 2.8 percent

Hong Kong shares fall 2.8 percent

Hong Kong stocks fell 2.8 percent on Friday in their worst one-day drop in nearly five months, as sliding global equities triggered a cross-the-board sell-off on worries that US credit woes could herald a broader financial crunch. Mainboard turnover was t
Published 28 Jul, 2007 12:00am
US indexes plummet on housing and credit fears

US indexes plummet on housing and credit fears

US stocks plummeted on Thursday, with the Dow industrials tumbling more than 300 points, on signs of further weakness in the housing market and deteriorating conditions for corporate buyouts.
Published 28 Jul, 2007 12:00am
US government bond prices jump

US government bond prices jump

US government bond prices surged on Thursday, driving benchmark yields to two-month lows, as investors bailed out of stocks and other riskier assets amid deepening worries of a global credit crunch.
Published 28 Jul, 2007 12:00am
US government bond prices jump

US government bond prices jump

US government bond prices surged on Thursday, driving benchmark yields to two-month lows, as investors bailed out of stocks and other riskier assets amid deepening worries of a global credit crunch.
Published 28 Jul, 2007 12:00am
Indian shares drop

Indian shares drop

Indian share prices plunged 3.43 percent in volatile trade on Friday amid a sell-off across Asian markets after Wall Street posted heavy losses overnight, dealers said. They said investors unwound positions on concerns of further US market falls.
Published 28 Jul, 2007 12:00am
Malaysian shares plunge

Malaysian shares plunge

Malaysian share prices closed sharply lower on Friday, falling 1.9 percent after Wall Street's tumble overnight sent global stock markets plunging on worries over the state of the US economy, dealers said. The Kuala Lumpur Composite Index lost 26.12 point
Published 28 Jul, 2007 12:00am
Jakarta shares tumble

Jakarta shares tumble

Indonesian share prices closed 2.8 percent lower on Friday as investors sold off across the board in a knee-jerk reaction to the sharp fall on Wall Street overnight, dealers said. The Jakarta Stock Exchange composite index fell 66.85 points at 2,298.41 on
Published 28 Jul, 2007 12:00am
Nikkei ends at three-month low

Nikkei ends at three-month low

Japan's Nikkei average dropped 2.36 percent to its lowest in nearly three months on Friday on a plunge in the US market and a stronger yen, while this Sunday's parliamentary election kept the market in check.
Published 28 Jul, 2007 12:00am
Thai shares sag

Thai shares sag

Thai share prices closed 2.33 percent lower on Friday as investors dumped shares in line with a regional sell-off following Wall Street's tumble overnight, dealers said. They said the market was also hit by concerns there could be fresh violence during we
Published 28 Jul, 2007 12:00am
Philippines shares decline

Philippines shares decline

Philippines share prices closed 3.8 percent lower, falling sharply on Friday as investors reacted with alarm to a massive overnight sell-off on Wall Street driven by US housing and credit market concerns, dealers said. Trading was also affected by technic
Published 28 Jul, 2007 12:00am
Taiwan dollar falls

Taiwan dollar falls

The Taiwan dollar fell on Friday as foreign investors sold a record amount of stocks during an equity market slide, although central bank intervention in the last minute capped its losses. The Taiwan dollar ended at T$32.861 to the US dollar, weaker than
Published 28 Jul, 2007 12:00am
Yuan ends up on US pressure

Yuan ends up on US pressure

China's yuan ended stronger against the dollar on Friday but showed little response to mounting pressure from the United States to let the Chinese currency appreciate more quickly. The US Senate Finance Committee voted on Thursday to give the US Treasury
Published 28 Jul, 2007 12:00am
Yen trims gains after jumping on risk aversion

Yen trims gains after jumping on risk aversion

The yen hit a three-month high against the dollar and a six-week high versus the euro on Friday as a sell-off in credit and stock markets forced investors to cut back on risky carry trades.
Published 28 Jul, 2007 12:00am
Yen surges as investors shun risky trades

Yen surges as investors shun risky trades

The yen surged on Thursday, climbing to a three-month high against the dollar, as investors spooked by growing problems in credit markets fled risky assets financed by borrowing in the low-yielding Japanese currency.
Published 28 Jul, 2007 12:00am
Australian dollar under pressure

Australian dollar under pressure

The Australian dollar fell as much as 4 percent against the Japanese currency in less than 24 hours, suffering its biggest decline in five months as investors unwound riskier bets amid a sell-off in global stock markets.
Published 28 Jul, 2007 12:00am
Risk aversion grips Asian currencies

Risk aversion grips Asian currencies

Asian currencies lost ground on Friday as investors tried to flee risk amid turbulence in credit and stock markets, with the high-yielding Indonesian rupiah and Philippine peso taking the brunt of selling. The rupiah dipped as low as 9,250 per dollar, dow
Published 28 Jul, 2007 12:00am
Swiss franc keeps gains versus euro

Swiss franc keeps gains versus euro

The Swiss franc traded little changed against the euro on Friday, holding on to strong gains from the previous session, when a return in risk aversion forced investors to cut back on carry trades
Published 28 Jul, 2007 12:00am
Lord's to host first floodlit match

Lord's to host first floodlit match

Lord's, the traditional home of world cricket, will stage its first floodlit match in September, the MCC said on Friday. Middlesex will take on Derbyshire in a Pro40 fixture on September 10 in what MCC secretary and chief executive Keith Bradshaw calls an
Published 28 Jul, 2007 12:00am
PCB lists Aslam Sanjrani on panel

PCB lists Aslam Sanjrani on panel

The Pakistan Cricket Board (PCB) has named former Sindh chief secretary Aslam Sanjrani its nominee on the International Cricket Council (ICC) Code of Conduct Commission Panel. A PCB spokesman said the commission would work as an ICC committee to launch of
Published 28 Jul, 2007 12:00am
PFF hunt talent for Rotherham trials

PFF hunt talent for Rotherham trials

The Pakistan Football Federation (PFF) has decided to hold the trials to select fresh talent between July 29 and 30 in Britain's South Yorkshire.
Published 28 Jul, 2007 12:00am
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