AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)
Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-08-01
ABB Grain Australia adopts single-class shareholding

ABB Grain Australia adopts single-class shareholding

Grower shareholders in Australian barley exporter ABB Grain Ltd voted on Tuesday to redeem their A-class shares to move the company to a single-class share structure. The move comes after the scrapping this year of a barley export monopoly held by ABB in
Published 01 Aug, 2007 12:00am
Task force changes LPG pricing formula

Task force changes LPG pricing formula

The task force on energy on Tuesday amended the contract price (CP) based liquefied petroleum gas (LPG) formula, barring the Oil and Gas Regulatory Authority (Ogra) from fixing prices on monthly basis for the producers and end consumers.
Published 01 Aug, 2007 12:00am
Asian naphtha prices fall on soft demand

Asian naphtha prices fall on soft demand

Asian naphtha prices fell on Tuesday, and the inter-month spread widened on ample supplies amid weak demand, depressing naphtha values. The spread between the first halves of September and October widened to $2.50 in contango from $2.00 in the previous se
Published 01 Aug, 2007 12:00am
Quake-safe buildings code finalised

Quake-safe buildings code finalised

The government has finalised new Building Code, to be implemented throughout the country, to make buildings safe from the effects of earthquakes, official sources told Business Recorder.
Published 01 Aug, 2007 12:00am
New York cocoa ends little changed

New York cocoa ends little changed

US cocoa closed little changed on Monday, after correcting mildly higher for most of the session following on Friday's sharp drop, while position rolling out of the front month capped gains, traders said.
Published 01 Aug, 2007 12:00am
Trans-border truck service taken up with Delhi

Trans-border truck service taken up with Delhi

India and Pakistan began two days of talks on Tuesday to boost trade ties, including a cross-border truck service to ferry goods, a government statement said. The Pakistan team for the talks is headed by Commerce Secretary Asif Shah while the Indian side
Published 01 Aug, 2007 12:00am
New York coffee closes up

New York coffee closes up

US open-outcry arabica coffee edged up to close mildly higher on Monday, on late-day slipover support from the London robusta market, traders said. "It looked like London coffee led the way. No cold weather (in Brazil), so I think you had some selling tha
Published 01 Aug, 2007 12:00am
Trans-border truck service taken up with Delhi

Trans-border truck service taken up with Delhi

India and Pakistan began two days of talks on Tuesday to boost trade ties, including a cross-border truck service to ferry goods, a government statement said. The Pakistan team for the talks is headed by Commerce Secretary Asif Shah while the Indian side
Published 01 Aug, 2007 12:00am
Indian soyaoil futures rise

Indian soyaoil futures rise

Indian soyaoil futures rose on Tuesday on firm prices of rival Malaysian palm oil and growing local demand, analysts said. At 1:47 pm (0817 GMT), the August contract on the National Commodity and Derivatives Exchange (NCDEX) was up 0.16 percent at 507.60
Published 01 Aug, 2007 12:00am
Trans-border truck service taken up with Delhi

Trans-border truck service taken up with Delhi

India and Pakistan began two days of talks on Tuesday to boost trade ties, including a cross-border truck service to ferry goods, a government statement said. The Pakistan team for the talks is headed by Commerce Secretary Asif Shah while the Indian side
Published 01 Aug, 2007 12:00am
Indonesian crude palm oil firms

Indonesian crude palm oil firms

Indonesian crude palm oil prices surged on Tuesday because of firm demand from local refiners and from India, gains in Malaysia and a weaker rupiah. At the state marketing centre in Jakarta, crude palm oil traded at 7,580 rupiah ($0.824), up from 7,519 ru
Published 01 Aug, 2007 12:00am
Rs 40 billion revenue collected till July 30

Rs 40 billion revenue collected till July 30

The Federal Board of Revenue (FBR), according to provisional figures, has collected over Rs 40 billion during the first month of 2007-08, against Rs 49.932 billion of the corresponding period of last year, reflecting a decrease of Rs 9.932 billion.
Published 01 Aug, 2007 12:00am
US copper futures rebound

US copper futures rebound

US copper futures reversed losses and closed firm on Monday, with a stronger London base metals complex and stabilising equities enabling the industrial metal to rebound from last week's risk aversion sell-off, analysts said.
Published 01 Aug, 2007 12:00am
Rs 40 billion revenue collected till July 30

Rs 40 billion revenue collected till July 30

The Federal Board of Revenue (FBR), according to provisional figures, has collected over Rs 40 billion during the first month of 2007-08, against Rs 49.932 billion of the corresponding period of last year, reflecting a decrease of Rs 9.932 billion.
Published 01 Aug, 2007 12:00am
US gold futures end up

US gold futures end up

US gold futures rebounded to finish higher on Monday, after a volatile week when the market sold off heavily on risk aversion, as investors looked for new impetus during the usually slower summer months. Platinum futures also steadied after on Friday's 3-
Published 01 Aug, 2007 12:00am
Rs 40 billion revenue collected till July 30

Rs 40 billion revenue collected till July 30

The Federal Board of Revenue (FBR), according to provisional figures, has collected over Rs 40 billion during the first month of 2007-08, against Rs 49.932 billion of the corresponding period of last year, reflecting a decrease of Rs 9.932 billion.
Published 01 Aug, 2007 12:00am
Gold regains footing, Tokyo futures jump

Gold regains footing, Tokyo futures jump

Gold edged higher on Tuesday after sentiment for the metal improved following a recovery in US shares the previous day, while Japanese gold futures jumped nearly 1 percent due to the yen's dip against the dollar. Cash platinum rose sharply on technical bu
Published 01 Aug, 2007 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper rose by nearly 2 percent on Tuesday after an impending strike at a giant Mexican copper mine lifted London futures and shrugged off another move by the Chinese central bank to cool the booming economy. The most active October contract on t
Published 01 Aug, 2007 12:00am
Embassies directed to verify licences

Embassies directed to verify licences

Islamabad Traffic Police (ITP) will formally request the embassies, especially the Middle East countries, to verify the driving licenses, issued by the ITP before issuance of the visa (Work Permit).
Published 01 Aug, 2007 12:00am
Oil steady, investors brace for further crude draw

Oil steady, investors brace for further crude draw

Oil prices were little changed on Tuesday, with US crude still within sight of its record high as traders feared further declines in hefty US crude stocks. US crude eased 16 cents to $76.67 a barrel, adding to Monday's 19-cent decline after a day of volat
Published 01 Aug, 2007 12:00am
Criminals' gang busted

Criminals' gang busted

Islamabad police (Saddar Circle) have busted a gang of thieves and recovered valuables worth millions of rupees from their possession. Addressing a press conference, ASP Saddar Circle, Farhan Zahid said that raid was conducted on the directives issued by
Published 01 Aug, 2007 12:00am
Vietnam coffee: stock thin, December, January loading offered

Vietnam coffee: stock thin, December, January loading offered

Vietnam has sold nearly all of its coffee stocks, prompting exporters to re-purchase beans from trading firms to fulfil commitments for nearby shipment or offer next crop's beans for delivery from December, traders said.
Published 01 Aug, 2007 12:00am
'Clues to Islamabad bomb blasts found'

'Clues to Islamabad bomb blasts found'

Law enforcement agencies have found important clues of the two bomb blasts in Islamabad and investigations are continuing satisfactorily, said Interior Ministry spokesman Javed Iqbal Cheema on Tuesday.
Published 01 Aug, 2007 12:00am
India sells 1.5 million tonnes white sugar

India sells 1.5 million tonnes white sugar

India has exported 1.5 million tonnes of white sugar since January, when a ban on overseas sales was lifted, and is unlikely to strike new deals before the crop year ends in September, sources said on Tuesday. India stopped sugar exports in July 2006 to t
Published 01 Aug, 2007 12:00am
Independence of judiciary must to run government: Musharraf

Independence of judiciary must to run government: Musharraf

President General Pervez Musharraf on Tuesday while honouring the judgement of the Supreme Court said the four pillars of the state; judiciary, legislative, executive and media need to coexist with harmony, within their particular domains.
Published 01 Aug, 2007 12:00am
New York sugar finishes mostly easier

New York sugar finishes mostly easier

Raw sugar futures ended largely lower on Monday on sales by small speculators, and the market could stay in a band given the dearth of news to inspire its next move, brokers said. The New York Board of Trade's October sugar contract was the only winner by
Published 01 Aug, 2007 12:00am
Honour for DHL

Honour for DHL

DHL was named "International Express Operator of the Year 2007" at this year's Air Cargo Europe transport logistic industry trade fair, held recently at the new Trade Fair Center in Munich. Honoring excellence in the air cargo industry.
Published 01 Aug, 2007 12:00am
Soya ends up

Soya ends up

Soyabean futures at the Chicago Board of Trade ended higher on Monday with outlooks for hot and dry weather in many portions of the US Midwest over the next week to 10 days boosting prices, traders said. CBOT soya closed 6-1/2 to 7-1/2 cents per bushel hi
Published 01 Aug, 2007 12:00am
Pakistani abducted in Nigeria

Pakistani abducted in Nigeria

Gunmen on Tuesday seized a Pakistani construction worker in the restive oil-rich southern Nigerian Rivers State, community sources said. The source said the kidnappers were in a speedboat. The Pakistani, whose name was given as Tahiri, was kidnapped in Bo
Published 01 Aug, 2007 12:00am
Malaysian tin

Malaysian tin

Malaysian tin surged 5.2 percent on Tuesday to hit a new record, boosted by soaring London Metal Exchange prices and strong foreign buying, one dealer said.
Published 01 Aug, 2007 12:00am
Only 70 percent refinance under EFS

Only 70 percent refinance under EFS

State Bank of Pakistan (SBP) will provide only 70 percent refinance against such limits for current year to banks under Export Finance Scheme, while the balance 30 percent shall be funded by the banks from their own resources.
Published 01 Aug, 2007 12:00am
CBoT rice settles lower

CBoT rice settles lower

Chicago Board of Trade rough rice futures closed lower on Monday on light speculative selling, traders said. Spreading was the day's feature as firms continued rolling September positions forward. September rice ended 6 cents lower at $10.27 per hundredwe
Published 01 Aug, 2007 12:00am
Only 70 percent refinance under EFS

Only 70 percent refinance under EFS

State Bank of Pakistan (SBP) will provide only 70 percent refinance against such limits for current year to banks under Export Finance Scheme, while the balance 30 percent shall be funded by the banks from their own resources.
Published 01 Aug, 2007 12:00am
Tokyo rubber near six-week high

Tokyo rubber near six-week high

Tokyo rubber futures surged to a near six-week high on Tuesday supported by a weaker yen, but gains were capped by profit taking. The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery rose 1.1 yen per kg, or 0.4 percent, to se
Published 01 Aug, 2007 12:00am
Only 70 percent refinance under EFS

Only 70 percent refinance under EFS

State Bank of Pakistan (SBP) will provide only 70 percent refinance against such limits for current year to banks under Export Finance Scheme, while the balance 30 percent shall be funded by the banks from their own resources.
Published 01 Aug, 2007 12:00am
Malaysian palm oil down

Malaysian palm oil down

Malaysian crude palm oil futures fell 1.1 percent on Tuesday as players booked profits after four straight days of gains, but losses were limited by healthy export growth, traders said. The benchmark October contract on the Bursar Malaysia Derivatives Exc
Published 01 Aug, 2007 12:00am
Only 70 percent refinance under EFS

Only 70 percent refinance under EFS

State Bank of Pakistan (SBP) will provide only 70 percent refinance against such limits for current year to banks under Export Finance Scheme, while the balance 30 percent shall be funded by the banks from their own resources.
Published 01 Aug, 2007 12:00am
Dubai Islamic Bank net profit rises to 113 percent

Dubai Islamic Bank net profit rises to 113 percent

Dubai Islamic Bank (DIB) on Tuesday announced its results for the first half of 2007. During the period, net profit rose to AED 1.5 billion, an increase of 113 percent compared to AED 707 million for the corresponding period in 2006.
Published 01 Aug, 2007 12:00am
Topple Musharraf, al Qaeda leader tells Pakistanis

Topple Musharraf, al Qaeda leader tells Pakistanis

A leader of al Qaeda called on Pakistanis to overthrow President Pervez Musharraf accusing his regime of helping Washington kill Muslims in Afghanistan, where the militant said he was in a video posted on Tuesday.
Published 01 Aug, 2007 12:00am
Dubai Islamic Bank net profit rises to 113 percent

Dubai Islamic Bank net profit rises to 113 percent

Dubai Islamic Bank (DIB) on Tuesday announced its results for the first half of 2007. During the period, net profit rose to AED 1.5 billion, an increase of 113 percent compared to AED 707 million for the corresponding period in 2006.
Published 01 Aug, 2007 12:00am
Topple Musharraf, al Qaeda leader tells Pakistanis

Topple Musharraf, al Qaeda leader tells Pakistanis

A leader of al Qaeda called on Pakistanis to overthrow President Pervez Musharraf accusing his regime of helping Washington kill Muslims in Afghanistan, where the militant said he was in a video posted on Tuesday.
Published 01 Aug, 2007 12:00am
Iran unveils world's largest carpet for UAE mosque

Iran unveils world's largest carpet for UAE mosque

Iran on Tuesday unveiled what it said was the world's largest hand-woven carpet, worth 5.8 million dollars and larger than a football pitch, to be laid out in a United Arab Emirates mosque.
Published 01 Aug, 2007 12:00am
18 militants killed in Miranshah

18 militants killed in Miranshah

Troops backed by helicopter gunships killed 18 pro-Taliban militants in intense fighting in a troubled tribal zone bordering Afghanistan on Tuesday, the army said. Separately security officials told AFP the rebels abducted four soldiers in the rugged Nort
Published 01 Aug, 2007 12:00am
Eurozone growth may have peaked, ECB seen hiking

Eurozone growth may have peaked, ECB seen hiking

Eurozone economic growth may have passed its peak, data showed on Tuesday, but will be underpinned by rising consumer demand as unemployment falls, with interest rates set to rise as inflation rebounds.
Published 01 Aug, 2007 12:00am
18 militants killed in Miranshah

18 militants killed in Miranshah

Troops backed by helicopter gunships killed 18 pro-Taliban militants in intense fighting in a troubled tribal zone bordering Afghanistan on Tuesday, the army said. Separately security officials told AFP the rebels abducted four soldiers in the rugged Nort
Published 01 Aug, 2007 12:00am
Opec got cash windfall in 2006 on oil boom

Opec got cash windfall in 2006 on oil boom

Opec's oil and gas export revenue surged 22 percent to a record $649 billion in 2006 as crude prices hit an all-time high and the exporter group pumped close to full tilt, an Opec report showed on Tuesday.
Published 01 Aug, 2007 12:00am
Government asked to retire borrowings from SBP by Rs 62.3 billion

Government asked to retire borrowings from SBP by Rs 62.3 billion

The State Bank of Pakistan has fixed monetary expansion target of 13.7 percent for FY08 and has asked the Federal Government to retire Rs 62.3 billion of the credit from the central bank in current financial year. A monetary statement, approved by the Cen
Published 01 Aug, 2007 12:00am
US sees steps ahead for greater Asian beef trade

US sees steps ahead for greater Asian beef trade

US beef interests hope steps in coming months will put them closer to expanded trade with lucrative Asian markets worth at least another $1 billion in trade, industry sources said on Tuesday.
Published 01 Aug, 2007 12:00am
Government asked to retire borrowings from SBP by Rs 62.3 billion

Government asked to retire borrowings from SBP by Rs 62.3 billion

The State Bank of Pakistan has fixed monetary expansion target of 13.7 percent for FY08 and has asked the Federal Government to retire Rs 62.3 billion of the credit from the central bank in current financial year. A monetary statement, approved by the Cen
Published 01 Aug, 2007 12:00am
Deutsche Bank trims Iran banking business

Deutsche Bank trims Iran banking business

Germany's biggest bank Deutsche Bank AG said on Tuesday it was closing its retail customer business in Iran. "We have informed our private customers in Iran that we have closed our business (with them)," a Deutsche Bank spokesman said, adding that interna
Published 01 Aug, 2007 12:00am
Government asked to retire borrowings from SBP by Rs 62.3 billion

Government asked to retire borrowings from SBP by Rs 62.3 billion

The State Bank of Pakistan has fixed monetary expansion target of 13.7 percent for FY08 and has asked the Federal Government to retire Rs 62.3 billion of the credit from the central bank in current financial year. A monetary statement, approved by the Cen
Published 01 Aug, 2007 12:00am
China and India becoming leaders in economic growth: IMF

China and India becoming leaders in economic growth: IMF

China and India are the new engines of world economic growth, replacing the United States and other developed countries, International Monetary Fund managing director Rodrigo Rato said Tuesday. He said China overtook the United States this year to become
Published 01 Aug, 2007 12:00am
Government asked to retire borrowings from SBP by Rs 62.3 billion

Government asked to retire borrowings from SBP by Rs 62.3 billion

The State Bank of Pakistan has fixed monetary expansion target of 13.7 percent for FY08 and has asked the Federal Government to retire Rs 62.3 billion of the credit from the central bank in current financial year. A monetary statement, approved by the Cen
Published 01 Aug, 2007 12:00am
India raises reserve requirements, holds rates

India raises reserve requirements, holds rates

India's central bank moved on Tuesday to drain surplus cash from the banking system stemming from strong capital inflows, knocking bonds lower, but it left its key interest rates steady, as expected.
Published 01 Aug, 2007 12:00am
French housing starts drop

French housing starts drop

French housing starts fell 3.9 percent in the second quarter from a year earlier, data showed on Tuesday, signalling further cooling in the housing market despite a tax cut for homeowners that is set to become law.
Published 01 Aug, 2007 12:00am
Cautious investors back on cut stocks in July: polls

Cautious investors back on cut stocks in July: polls

Long-term investors cut back on equities in favour of bonds during the market ructions of July, but have far from abandoned equities as a favoured asset, Reuters polls showed on Tuesday.
Published 01 Aug, 2007 12:00am
Cautious investors back on cut stocks in July: polls

Cautious investors back on cut stocks in July: polls

Long-term investors cut back on equities in favour of bonds during the market ructions of July, but have far from abandoned equities as a favoured asset, Reuters polls showed on Tuesday.
Published 01 Aug, 2007 12:00am
ValueClick second quarter profit misses estimates

ValueClick second quarter profit misses estimates

ValueClick Inc reported quarterly earnings below analysts' view and cut its 2007 outlook as advertisers shied away from the online marketing company, which is at the centre of a regulatory probe over an online advertising initiative.
Published 01 Aug, 2007 12:00am
ValueClick second quarter profit misses estimates

ValueClick second quarter profit misses estimates

ValueClick Inc reported quarterly earnings below analysts' view and cut its 2007 outlook as advertisers shied away from the online marketing company, which is at the centre of a regulatory probe over an online advertising initiative.
Published 01 Aug, 2007 12:00am
KPN to buy Getronics for $1 billion, core profit flat

KPN to buy Getronics for $1 billion, core profit flat

Telecoms group KPN has agreed to buy struggling information technology services company Getronics for 766 million euros ($1 billion), making it the Dutch market leader in IT services.
Published 01 Aug, 2007 12:00am
KPN to buy Getronics for $1 billion, core profit flat

KPN to buy Getronics for $1 billion, core profit flat

Telecoms group KPN has agreed to buy struggling information technology services company Getronics for 766 million euros ($1 billion), making it the Dutch market leader in IT services.
Published 01 Aug, 2007 12:00am
Agfa postpones demerger after poor second quarter results

Agfa postpones demerger after poor second quarter results

Belgian imaging technology group Agfa-Gevaert delayed its planned split-up after second-quarter results fell below market expectations. Agfa shares dropped as much as 14.3 percent to a 13-month low of 15.25 euros in an otherwise stronger Belgian market.
Published 01 Aug, 2007 12:00am
Agfa postpones demerger after poor second quarter results

Agfa postpones demerger after poor second quarter results

Belgian imaging technology group Agfa-Gevaert delayed its planned split-up after second-quarter results fell below market expectations. Agfa shares dropped as much as 14.3 percent to a 13-month low of 15.25 euros in an otherwise stronger Belgian market.
Published 01 Aug, 2007 12:00am
CommScope profit up

CommScope profit up

Communications cable maker CommScope Inc said on Monday quarterly profit rose 31 percent due to demand for high-speed networks. The company said second-quarter net profit was $61.1 million, or 83 per share, compared to $46.7 million, or 65 cents a share,
Published 01 Aug, 2007 12:00am
CommScope profit up

CommScope profit up

Communications cable maker CommScope Inc said on Monday quarterly profit rose 31 percent due to demand for high-speed networks. The company said second-quarter net profit was $61.1 million, or 83 per share, compared to $46.7 million, or 65 cents a share,
Published 01 Aug, 2007 12:00am
Brazil central government primary surplus rises

Brazil central government primary surplus rises

Brazil's central government primary budget surplus rose to 5.30 billion reais ($2.82 billion) in June from 4.69 billion reais in May, the National Treasury said on Monday. In June last year, the central government primary surplus was 6.07 billion reais.
Published 01 Aug, 2007 12:00am
Spain's inflation eases

Spain's inflation eases

Spain's inflation fell to a lower than expected 2.3 percent in July from 2.5 percent in June, official data showed on Monday, but price rises are still seen picking up sharply in coming months.
Published 01 Aug, 2007 12:00am
US inflation moderates, consumers turn upbeat

US inflation moderates, consumers turn upbeat

US personal spending rose at its slowest rate in nine months in June while inflation moderated, but consumers' mood brightened considerably in early July, data showed on Tuesday. Personal spending rose a slight 0.1 percent in June after posting 0.6 percen
Published 01 Aug, 2007 12:00am
Pearson first half profit up

Pearson first half profit up

Book and newspaper publisher Pearson reported a sharp rise in first-half profits on Monday and raised its full-year sales forecast for its core professional education business to growth of 5-7 percent.
Published 01 Aug, 2007 12:00am
Pearson first half profit up

Pearson first half profit up

Book and newspaper publisher Pearson reported a sharp rise in first-half profits on Monday and raised its full-year sales forecast for its core professional education business to growth of 5-7 percent.
Published 01 Aug, 2007 12:00am
63 percent fall in GMAC profit

63 percent fall in GMAC profit

GMAC, the finance company once controlled by General Motors Corp, posted a 63 percent decline in second-quarter profit on Monday, hurt by subprime mortgage losses at its home lending unit. Results, however, improved from the first quarter's after the comp
Published 01 Aug, 2007 12:00am
63 percent fall in GMAC profit

63 percent fall in GMAC profit

GMAC, the finance company once controlled by General Motors Corp, posted a 63 percent decline in second-quarter profit on Monday, hurt by subprime mortgage losses at its home lending unit. Results, however, improved from the first quarter's after the comp
Published 01 Aug, 2007 12:00am
Sun Micro posts profit

Sun Micro posts profit

Sun Microsystems Inc, the world's third-largest maker of computer servers for businesses, said on Monday it swung to a quarterly profit from a year-earlier loss as it reduced costs, sending the shares higher. The stock rose 12 percent to $5.47 in extended
Published 01 Aug, 2007 12:00am
Sun Micro posts profit

Sun Micro posts profit

Sun Microsystems Inc, the world's third-largest maker of computer servers for businesses, said on Monday it swung to a quarterly profit from a year-earlier loss as it reduced costs, sending the shares higher. The stock rose 12 percent to $5.47 in extended
Published 01 Aug, 2007 12:00am
US online help-wanted ads fall in July

US online help-wanted ads fall in July

Help-wanted postings on major US-based Internet job boards were down 4.6 percent in July due mainly to a decline in volume during a holiday week, but were still up 20 percent on a year-over-year basis, a private research group said on Monday.
Published 01 Aug, 2007 12:00am
Chile jobless rate seen falling to 6.9 percent

Chile jobless rate seen falling to 6.9 percent

Chile's unemployment rate likely fell to 6.9 percent in the second quarter of 2007, down two percentage points from the same period last year as economic growth picked up, according to a Reuters poll on Monday.
Published 01 Aug, 2007 12:00am
Japan's jobless rate hits nine-year low

Japan's jobless rate hits nine-year low

Japan's unemployment rate dropped to a more than nine-year low of 3.7 percent in June while household spending rose as Asia's largest economy continued its longest post-war recovery, data showed Tuesday.
Published 01 Aug, 2007 12:00am
Germans jobless rate falls

Germans jobless rate falls

German unemployment fell by more than expected in July and retail sales rose in the prior month, buoying hopes that a strengthening labour market will lift consumer spending and keep Europe's largest economy on track.
Published 01 Aug, 2007 12:00am
Employment costs up, benefits climb

Employment costs up, benefits climb

The biggest rise in benefits in more than two years helped push total US employment costs up at a slightly faster pace during the second quarter, though wage and salary gains moderated, a Labour Department report on Tuesday showed.
Published 01 Aug, 2007 12:00am
Taiwan stocks soar

Taiwan stocks soar

Taiwan shares ended 2.37 percent higher on Tuesday as tech exporters followed a rebound on Wall Street, with chip designer Mediatek in the spotlight ahead of quarterly earnings. The main TAIEX share index closed up 214.68 points at 9,287.25, bouncing from
Published 01 Aug, 2007 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed 1.6 percent higher on Tuesday on a technical rebound led by mining and industrial-related stocks after Wall Street's overnight recovery, dealers said. The Kuala Lumpur Composite Index gained 21.3 points to 1,373.71 on volume
Published 01 Aug, 2007 12:00am
Hong Kong shares rally

Hong Kong shares rally

Hong Kong blue chips rose 2 percent on Tuesday as the city's lenders surged after global bank HSBC Holdings plc and its unit Hang Seng Bank reported forecast-beating earnings. Hang Seng Bank's record first-half profit lifted its shares to a life high and
Published 01 Aug, 2007 12:00am
Profit optimism, financials fuel US stocks rebound

Profit optimism, financials fuel US stocks rebound

US stocks rebounded on Monday after a global equity sell-off last week, as optimism about earnings resurfaced and concern about credit conditions eased. Financial shares, which have borne the brunt of fallout from tightening credit markets, bounced back i
Published 01 Aug, 2007 12:00am
US Treasury prices slip

US Treasury prices slip

US Treasury debt prices fell on Monday as investors took their cue from a rebounding stock market to sell debt and take back some gains from a bond rally last week. Benchmark Treasury yields reached two-month lows last week as bond prices rose on tumbling
Published 01 Aug, 2007 12:00am
US Treasury prices slip

US Treasury prices slip

US Treasury debt prices fell on Monday as investors took their cue from a rebounding stock market to sell debt and take back some gains from a bond rally last week. Benchmark Treasury yields reached two-month lows last week as bond prices rose on tumbling
Published 01 Aug, 2007 12:00am
Indian shares jump

Indian shares jump

Indian share prices rose 1.9 percent on Tuesday as investors shrugged off a hike in the amount of cash banks must keep in reserve and focused instead on strong company earnings, dealers said. They said the market rose steadily following a short blip intra
Published 01 Aug, 2007 12:00am
Singapore shares surge

Singapore shares surge

Singapore share prices closed 0.61 percent higher on Tuesday, taking their cue to extend gains from Wall Street's firmer finish overnight, dealers said. The Straits Times Index rose 21.37 points to 3,547.66. Volume was 3.53 billion shares worth 3.67 billi
Published 01 Aug, 2007 12:00am
Chinese stocks hit new high

Chinese stocks hit new high

China's stock market shrugged off a surprise monetary tightening and edged up to a new record high on Tuesday, although analysts said the market looked increasingly likely to stage a short-term pull-back.
Published 01 Aug, 2007 12:00am
Nikkei falls

Nikkei falls

The Nikkei average dipped 0.23 percent on Tuesday as Kyocera Corp plunged after its earnings failed to impress investors, while US credit concerns and unsteady yen moves also weighed on the market.
Published 01 Aug, 2007 12:00am
Thai shares slightly down

Thai shares slightly down

Thai share prices closed 0.44 percent lower on Tuesday, bucking a firmer region, as the market reopened after a long holiday weekend following last week's plunge on Wall Street, dealers said. They said heavyweight energy stocks suffered the most during as
Published 01 Aug, 2007 12:00am
Philippines shares make gains

Philippines shares make gains

Philippines share prices closed 0.9 percent higher on Tuesday but quick profit-taking limited the upside amid continuing concerns over a possible credit crunch in the United States, dealers said. The composite index added 33.74 points to 3,501.20 but was
Published 01 Aug, 2007 12:00am
Yuan ends down versus dollar

Yuan ends down versus dollar

China's yuan closed lower against the dollar on Tuesday as the central bank set a low reference rate to slow its pace of appreciation amid a four-day visit by US Treasury Secretary Henry Paulson and after Beijing's latest monetary tightening.
Published 01 Aug, 2007 12:00am
Dollar steadies

Dollar steadies

The dollar steadied on Tuesday as a rise in US stocks overnight eased some fears about deteriorating credit markets as market players awaited US data for clues on the Federal Reserve policy outlook. Concerns linger that a further slump in credit and equit
Published 01 Aug, 2007 12:00am
Previous Day