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Nov 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-09-05
Brazil sugar demand grows in 2007-08

Brazil sugar demand grows in 2007-08

This season's rise in sugar demand in Brazil should be the highest in more than 10 years, boosted by government social welfare programs, analyst Datagro said. Domestic consumption is forecast to increase 6.9 percent in 2007/08 compared with the previous s
Published 05 Sep, 2007 12:00am
Malaysia eyeing US-Canadian wheat

Malaysia eyeing US-Canadian wheat

Malaysia is looking to buy two to three cargoes of US or Canadian wheat before the Australian harvest starts in late October, traders said on Tuesday. "There are a few uncovered positions to fill. Malaysia will aim to buy two to three cargoes. After that
Published 05 Sep, 2007 12:00am
Vietnam coffee: prices up on shortage

Vietnam coffee: prices up on shortage

Coffee prices in Vietnam rose about 4 percent in the past week on a supply shortage at home and on concerns Hurricane Felix will take its toll on supplies from Central America.
Published 05 Sep, 2007 12:00am
EU wheat continues surge

EU wheat continues surge

European milling wheat prices reached new highs on Tuesday, buoyed by an overnight rally in US markets due to strong global demand, and observers said the sharp leap would inevitably lead to hikes in bread prices.
Published 05 Sep, 2007 12:00am
Tokyo rubber lower

Tokyo rubber lower

Tokyo rubber futures ended lower on Tuesday as players took profit a day after the benchmark hit a three-week high. The February contract on the Tokyo Commodity Exchange fell 2.4 yen, or one percent, to settle at 248.6 yen ($2.15) per kg.
Published 05 Sep, 2007 12:00am
Asian physical rubber

Asian physical rubber

Falling supply meant Asia physical rubber prices were little changed on Tuesday despite a drop in futures contract prices on the Tokyo Commodity Exchange. Physical prices were likely to remain firm this week as rain persisted in parts of top producer Thai
Published 05 Sep, 2007 12:00am
Shanghai, LME copper drift

Shanghai, LME copper drift

Shanghai copper tracked London futures lower, and activity over the next two weeks was expected to be muted ahead a series of US data this week and a meeting by the Federal Reserve later this month.
Published 05 Sep, 2007 12:00am
Gold inches up on oil

Gold inches up on oil

Gold inched higher on Tuesday as firm energy prices encouraged buying, but the market moved in a tight band ahead of the release of US economic data that may offer new direction to precious metals. Brighter technical have also attracted fresh buying from
Published 05 Sep, 2007 12:00am
Gold barely moved, eyeing US economic data

Gold barely moved, eyeing US economic data

Gold held near London levels on Tuesday ahead of the release of US economic data, which may offer new direction to precious metals. Spot gold was at $671.50/672.30 an ounce, hardly changed from $671.80/672.40 late in London. Markets in New York were close
Published 05 Sep, 2007 12:00am
Indian sugar September futures rise, October down

Indian sugar September futures rise, October down

Indian sugar futures were mixed on Tuesday, with the near-month contract rising on low stocks but the October contract dropped as a record crop is expected keep prices down later in the year.
Published 05 Sep, 2007 12:00am
Oil holds above $74

Oil holds above $74

Oil prices steadied above $74 on Tuesday, as traders watched a hurricane in the Gulf of Mexico and Opec kept a lid on output ahead of its meeting next week. US crude was up 11 cents at $74.15, after trading electronically on Monday when the US Labour Day
Published 05 Sep, 2007 12:00am
A mountain of sugar to cripple prices for years

A mountain of sugar to cripple prices for years

Global sugar prices traditionally rise in September as the northern summer begins to wane, but recovery this year is threatened by a mountainous world sugar surplus, including rapidly rising stocks in India.
Published 05 Sep, 2007 12:00am
Indonesia tin ready for export surges in August

Indonesia tin ready for export surges in August

Tin that is ready for export from Indonesia's Bangkok and Belting islands is surging as smelters ramp up production, according to government and industry sources. According to trade ministry data, ready-for-export tin amounted to 17,811 tonnes, which woul
Published 05 Sep, 2007 12:00am
Malaysian tin ends flat

Malaysian tin ends flat

Malaysian tin ended unchanged on Tuesday due to a technical correction over London Metal Exchange prices, one trader said.
Published 05 Sep, 2007 12:00am
China to use more non-grain biofuels to replace oil

China to use more non-grain biofuels to replace oil

China plans to expand its use of biofuels to reduce its reliance on petroleum, utilising an additional 2 million tonnes of bioethanol from non-grain feedstock's and 200,000 tonnes a year of bodiless by 2010, a senior official said on Tuesday.
Published 05 Sep, 2007 12:00am
CBOT wheat soars above $8

CBOT wheat soars above $8

Wheat futures on the Chicago Board of Trade surged on Tuesday buoyed by a large Indian wheat purchase, traders said. CBOT December wheat in electronic trade was up 23-? Cents at $7.99 per bushel, after hitting $8.04. India on Monday decided to buy 795,000
Published 05 Sep, 2007 12:00am
Malaysian palm oil skids on supply

Malaysian palm oil skids on supply

Malaysian crude palm oil futures slipped on Tuesday as worries about rising supplies were rekindled and as dealers booked profits after the market hit a three-week high in the morning session.
Published 05 Sep, 2007 12:00am
French growth commission to quiz Trichet, Lamy

French growth commission to quiz Trichet, Lamy

European Central Bank President Jean-Claude Trichet and World Trade Organisation chief Pascal Lamy will testify before a French economic commission on how to improve growth, the head of the commission said on Tuesday.
Published 05 Sep, 2007 12:00am
Japan's monetary base rises

Japan's monetary base rises

Japan's monetary base in August showed the first increase from a year earlier in 18 months, but not because the Bank of Japan injected funds into the money market to ensure liquidity amid a credit crunch sparked by the US subprime mortgage woes, central b
Published 05 Sep, 2007 12:00am
Firms, banks begin to shed subprime Caution

Firms, banks begin to shed subprime Caution

Companies showed signs on Tuesday of shrugging off the caution that has enveloped the world economy since a credit crisis broke, while weaker US economic data bolstered the likelihood of a Federal Reserve rate cut.
Published 05 Sep, 2007 12:00am
Sony Ericsson's president steps down

Sony Ericsson's president steps down

Mobile handset maker Sony Ericsson said on Tuesday its president, Miles Flint, would step down and would be succeeded by Sony Electronics USA Chairman Hideki "Dick" Komiyama as of November 1.
Published 05 Sep, 2007 12:00am
US factory sector growth slows

US factory sector growth slows

US manufacturing expansion slowed in August as a decline in new orders led factory managers to opt for caution, while US construction spending unexpectedly fell in July, according to data released on Tuesday.
Published 05 Sep, 2007 12:00am
Anglo Platinum in $4.8 billion black empowerment deal

Anglo Platinum in $4.8 billion black empowerment deal

The world's top platinum producer, Angloplat, launched a 35 billion rand ($4.8 billion) empowerment deal on Tuesday to sell mines to two black-led firms and hand out shares to its mostly black workers.
Published 05 Sep, 2007 12:00am
Bank crisis won't hurt German economy much: finance minister

Bank crisis won't hurt German economy much: finance minister

The crisis caused by German banks' exposure to problems in the US subprime mortgage market will not have a fundamental impact on Europe's biggest economy, German Finance Minister Peer Steinbrueck said on Tuesday.
Published 05 Sep, 2007 12:00am
Swiss economy powers on in second quarter

Swiss economy powers on in second quarter

The Swiss economy powered ahead in the second quarter, driven by strong domestic demand, data showed on Tuesday, but interest rates may stay on hold for now as the impact of financial market turmoil is unclear.
Published 05 Sep, 2007 12:00am
Slump in business investment hits euro economy

Slump in business investment hits euro economy

Consumer spending helped limit the damage a slump in business investment inflicted on the eurozone economy in the second quarter but not by enough to stop the growth rate being halved.
Published 05 Sep, 2007 12:00am
Australia, EU urge US to unlock trade talks impasse

Australia, EU urge US to unlock trade talks impasse

US President George W. Bush should use this week's meeting with Asia-Pacific leaders to offer cuts in US farm subsidies to unlock global trade talks, Australia and the European Union said on Tuesday.
Published 05 Sep, 2007 12:00am
Credit Suisse opens cobalt market to investors

Credit Suisse opens cobalt market to investors

Credit Suisse has opened a market in hi-tech metal cobalt to investors seeking a commodity contract that won't be buffeted by turbulence in other financial markets, the bank said on Tuesday.
Published 05 Sep, 2007 12:00am
Thai shares close 1.14 percent lower

Thai shares close 1.14 percent lower

Thai share prices closed 1.14 percent lower on Tuesday as other regional stocks also dropped and investors locked in profits in big cap energy and banking shares, dealers said. They said investors were waiting for Wall Street's reopening after the three-d
Published 05 Sep, 2007 12:00am
Hong Kong shares hit record high

Hong Kong shares hit record high

Hong Kong stocks hit a record high on Tuesday, but blue chips swung to a flat close, while China plays held on to a 0.3 percent gain as China Construction Bank advanced, boosted by the prospects of a Shanghai listing.
Published 05 Sep, 2007 12:00am
Nikkei plunges before US economic data

Nikkei plunges before US economic data

The Nikkei average lost 0.6 percent on Tuesday on caution ahead of a wave of US economic data, while clothing company Fast Retailing Co Ltd extended its slide after announcing further acquisition plans. After the market closed, Sony Corp's financial unit
Published 05 Sep, 2007 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.6 percent on Tuesday as investors sold some China plays amid fears the shares had risen too quickly, but tech shares including Mediatek Inc gained on hopes of rising August sales. The main TAIEX shares index ended down 56.98 points at
Published 05 Sep, 2007 12:00am
Chinese stocks sag

Chinese stocks sag

Chinese stocks fell for the first time in four days on Tuesday on news that China Construction Bank was likely soon to launch one of the country's biggest initial public offers of shares. The securities regulator said late on Monday it would review on Fri
Published 05 Sep, 2007 12:00am
Indian shares rise

Indian shares rise

Indian share prices closed 0.28 percent higher on Tuesday in choppy trade led by property and drug companies, dealers said. They said the market, which has clocked eight straight days of gains, could consolidate as worries persist over the extent of the U
Published 05 Sep, 2007 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 1.7 percent lower on Tuesday with the key index dragged down by an extended selloff in Manila Electric Co (Meralco), the nation's largest power distributor, dealers said. They said Meralco was again punished amid fears its
Published 05 Sep, 2007 12:00am
Seoul shares retreat from three-week highs

Seoul shares retreat from three-week highs

Seoul shares retreated on Tuesday from three-week highs as Kookmin Bank fell amid worries HSBC's move to purchase a controlling stake in rival Korea Exchange Bank (KEB) would increase competition in the sector.
Published 05 Sep, 2007 12:00am
Malaysian shares end flat

Malaysian shares end flat

Malaysian share prices closed flat on Tuesday, as investors waited for signs from Wall Street after a three-day weekend in the United States came to an end, dealers said. They said shares in property developers were higher, however, on expectations that M
Published 05 Sep, 2007 12:00am
Singapore shares slip

Singapore shares slip

Singapore share prices closed 0.30 percent lower on Tuesday, as investors remained concerned over whether the US subprime mortgage market crisis will spread to Asia, dealers said. They said investors also preferred to stay on the sidelines since US financ
Published 05 Sep, 2007 12:00am
Egypt median interbank steady

Egypt median interbank steady

The median overnight interbank lending rate on the Egyptian pound was steady on Tuesday at 8.75 percent versus 8.751 percent on Monday in the absence of significant central bank auctions, traders said.
Published 05 Sep, 2007 12:00am
Yuan slips

Yuan slips

The yuan fell moderately against the dollar on Tuesday after the central bank persisted in setting the Chinese currency's reference rate lower than the market wanted. Before the start of trade, the central bank set a weaker mid-point of 7.5556 to the doll
Published 05 Sep, 2007 12:00am
South Korean won turns down

South Korean won turns down

The South Korean won turned lower again against the dollar on Tuesday in choppy trading with continued selling of Seoul shares by foreigners prompting investors to cover dollar-short positions. Market players stayed cautious of a global credit crisis due
Published 05 Sep, 2007 12:00am
Dollar steady

Dollar steady

The dollar held steady against the euro and the yen on Tuesday as market players awaited a raft of US economic data this week for clues on whether the credit market turmoil of the past month has hurt economic growth.
Published 05 Sep, 2007 12:00am
Australian dollar rallies

Australian dollar rallies

The Australian dollar rose 0.5 percent to a one-week high against the US currency on Tuesday after domestic growth data beat expectations, reviving speculation interest rates may need to rise further. Australia's second-quarter gross domestic product rose
Published 05 Sep, 2007 12:00am
Taiwan dollar falls

Taiwan dollar falls

The Taiwan dollar eased on Tuesday on US dollar demand from oil-related firms and foreign institutions as the US subprime problems appeared to be contained. The Taiwan dollar ended weaker at T$33.025 to the US dollar from the previous close of T$33.007, w
Published 05 Sep, 2007 12:00am
Asian currencies slightly weaker

Asian currencies slightly weaker

The Philippine peso and Korean won fell slightly on Tuesday with markets turning nervous as they awaited US manufacturing data later in the day for clues on how much the credit market turmoil had affected economic activity.
Published 05 Sep, 2007 12:00am
India move into Asia Cup semi-finals

India move into Asia Cup semi-finals

India stormed into the Asia Cup field hockey tournament semi-finals with a comfortable 6-0 victory over Bangladesh here on Tuesday. The defending champions overcame a slow start to assert their supremacy over Bangladesh, scoring five goals in a second-hal
Published 05 Sep, 2007 12:00am
PCB serves legal notice on Farhat

PCB serves legal notice on Farhat

The Pakistan Cricket Board has served a legal notice on test opener Imran Farhat, who last month joined the unofficial Indian Cricket League (ICL). The PCB has asked Farhat to explain how he joined the rebel Twenty20 league while he was still a contracted
Published 05 Sep, 2007 12:00am
PCB targets Buchanan for expertise

PCB targets Buchanan for expertise

Former Australia coach John Buchanan is in discussion with the Pakistan Cricket Board about helping the country's coaching and management system. "He is interested in coming to Pakistan but when he comes it remains to be decided," Shafqat Naghmi, the chie
Published 05 Sep, 2007 12:00am
English clubs spend record $1.0 billion on players

English clubs spend record $1.0 billion on players

English football teams spent more than 500 million pounds (741 million euros, 1.007 billion dollars) on new players over the summer, a record amount, as club coffers soared, a report said Tuesday.
Published 05 Sep, 2007 12:00am
Chandana retires from international cricket

Chandana retires from international cricket

Sri Lankan all-rounder Upul Chandana has retired from international cricket amid speculation he will sign up with the breakaway Indian Cricket League, reports said on Tuesday. Chandana, 35, gave his decision to Sri Lanka Cricket (SLC) chief executive Dule
Published 05 Sep, 2007 12:00am
Kuznetsova stems teenage tide at US Open

Kuznetsova stems teenage tide at US Open

Former champion Svetlana Kuznetsova moved smoothly into the US Open quarter-finals on Monday, profitting from a bottom half of the women's draw that has been blown wide open. The 22-year-old Russian, who was an upset US Open winner in 2004, defeated fast-
Published 05 Sep, 2007 12:00am
Federer advances, Haas fights on

Federer advances, Haas fights on

Top-ranked Roger Federer shook off a strong challenge Monday from Spain's Feliciano Lopez to reach a US Open quarter-final and Tommy Haas advanced in a five-set thriller with US sixth seed James Blake.
Published 05 Sep, 2007 12:00am
Votes recounted in tight Jamaica election

Votes recounted in tight Jamaica election

Election workers across Jamaica recounted votes on Tuesday after the opposition Jamaica Labour Party apparently ended the ruling party's 18-year reign in a cliffhanger vote, winning 31 of 60 seats in parliament.
Published 05 Sep, 2007 12:00am
Burundi rebel factions clash, 20 fighters dead

Burundi rebel factions clash, 20 fighters dead

At least 20 Burundi fighters were killed on Tuesday in heavy clashes between two rival rebel factions that sent scores of residents fleeing the capital's northern suburbs, witnesses said.
Published 05 Sep, 2007 12:00am
Cubans immune to rumours, sure Castro is alive

Cubans immune to rumours, sure Castro is alive

Cuban leader Fidel Castro's long absence from public view has fuelled wild rumours among his exiled opponents in Miami in recent weeks that he is dead, even one that Russian embalmers were at work preserving his body.
Published 05 Sep, 2007 12:00am
Lebanon says 222 militants killed in camp battle

Lebanon says 222 militants killed in camp battle

Lebanon said on Tuesday its army killed at least 222 Islamist militants from an al Qaeda-linked group in a 15-week battle at a Palestinian refugee camp in northern Lebanon.
Published 05 Sep, 2007 12:00am
Major hurricane hits Central America, two dead

Major hurricane hits Central America, two dead

The highly dangerous Hurricane Felix ripped into Central America on Tuesday, smashing up a port on Nicaragua's Caribbean coast and threatening deadly mudslides in Honduras and Guatemala. Two people were reported dead in Puerto Cabezas port in northern Nic
Published 05 Sep, 2007 12:00am
UN chief arrives in Juba to push peace deal

UN chief arrives in Juba to push peace deal

UN Secretary-General Ban Ki-moon flew in to south Sudan's capital Juba on Tuesday to try to speed implementation of the 2005 peace deal that ended Africa's longest civil war.
Published 05 Sep, 2007 12:00am
China rejects US charge it hacked Pentagon

China rejects US charge it hacked Pentagon

China on Tuesday rejected a report that hackers controlled by its military had successfully entered a Pentagon network, calling the claim a product of "Cold War" thinking.
Published 05 Sep, 2007 12:00am
Iraqi court upholds 'Chemical Ali' death sentence

Iraqi court upholds 'Chemical Ali' death sentence

An Iraqi appeals court on Tuesday upheld the death sentence against Saddam Hussein's cousin, widely known as "Chemical Ali", for masterminding a genocidal campaign against Iraq's Kurds in the 1980s.
Published 05 Sep, 2007 12:00am
Bay of Bengal wargames begin, Indian left protests

Bay of Bengal wargames begin, Indian left protests

About two dozen ships from five nations, led by the United States, began their most ambitious exercises in the Bay of Bengal on Tuesday, as Indian communists opposed to strategic ties with Washington launched protests.
Published 05 Sep, 2007 12:00am
Bush arrives

Bush arrives

After a lightning visit to Iraq where he hinted at possible US troop cuts, President George W. Bush arrived in Australia on Tuesday for an Asia-Pacific leaders' meeting amid heavy security and anti-war protests.
Published 05 Sep, 2007 12:00am
Sydney protest peaceful ahead of Bush's Apec visit

Sydney protest peaceful ahead of Bush's Apec visit

The first Apec protest was staged in Sydney on Tuesday, hours before US President George W. Bush was due to arrive for a summit of 21 Asia-Pacific leaders, but police and media far outnumbered activists.
Published 05 Sep, 2007 12:00am
Rafsanjani picked to head Iran's powerful assembly

Rafsanjani picked to head Iran's powerful assembly

Clerics picked Akbar Hashemi Rafsanjani on Tuesday to lead a powerful Iranian government body, in a boost for the former president who wants better ties with the West and a blow to President Mahmoud Ahmadinejad.
Published 05 Sep, 2007 12:00am
Iran denies shelling Kurdish areas in Iraq

Iran denies shelling Kurdish areas in Iraq

A senior Iranian official denied allegations that Iran has been shelling Kurdish areas in neighbouring Iraq, an Iranian news agency said on Tuesday. Iraqi officials accused Iran last month of shelling Kurdish villages in Iraq's northeast, a move Iraqi For
Published 05 Sep, 2007 12:00am
Danish police arrest eight in alleged bomb plot

Danish police arrest eight in alleged bomb plot

Danish police arrested eight young Muslims in pre-dawn raids on Tuesday on suspicion of plotting a bomb attack and having links with al Qaeda. Jakob Scharf, director of the Danish police's Security Intelligence Service, did not say what the alleged target
Published 05 Sep, 2007 12:00am
Violence stays high in Iraq: US Congress watchdog

Violence stays high in Iraq: US Congress watchdog

A US Congressional report on Tuesday said "violence remains high" in Iraq, with little political progress and mixed results on security a day after President George W. Bush visited Anbar province and struck an upbeat tone.
Published 05 Sep, 2007 12:00am
Congo's rare mountain gorillas caught in fighting

Congo's rare mountain gorillas caught in fighting

Rebels in eastern Congo have occupied part of a reserve protecting rare mountain gorillas, putting the endangered primates in the crossfire of an escalating political and ethnic conflict, conservationists say.
Published 05 Sep, 2007 12:00am
Hostage-taker killed

Hostage-taker killed

A senior Taliban commander involved in the abduction of 23 South Korean missionaries was among dozens of insurgents killed in clashes in southern Afghanistan overnight, police said on Tuesday.
Published 05 Sep, 2007 12:00am
Sterling falls

Sterling falls

Sterling weakened on Tuesday, most notably against the dollar, which got a boost after US manufacturing data suggested recent financial market turmoil may not be having as negative an impact on the US economy as some had feared.
Published 05 Sep, 2007 12:00am
India rupee slips

India rupee slips

The Indian rupee extended its losses on Tuesday as nervousness ahead of key US data weighed on sentiment and spurred some investors to cut positions in relatively risky assets like the local unit, dealers said. The partially convertible rupee ended at 40.
Published 05 Sep, 2007 12:00am
Yen strengthens in London

Yen strengthens in London

The yen strengthened on Tuesday as softer equity markets signalled a return to risk aversion for nervous markets ahead of a flurry of US data due late in the session, leading investors to unwind carry trade positions.
Published 05 Sep, 2007 12:00am
European credit market steadies

European credit market steadies

European credit markets held steady on Tuesday, shrugging off a rise in equity markets and with activity remaining thin despite the return of US markets after the Labour Day weekend.
Published 05 Sep, 2007 12:00am
European credit market steadies

European credit market steadies

European credit markets held steady on Tuesday, shrugging off a rise in equity markets and with activity remaining thin despite the return of US markets after the Labour Day weekend.
Published 05 Sep, 2007 12:00am
Tuesday's early afternoon trade: US indices up

Tuesday's early afternoon trade: US indices up

US stocks gained on Tuesday, led by advances in technology shares after positive broker comments on Apple Inc and Yahoo Inc and data pointing to strength in the economy. Piper Jaffray said Apple could beat its iPhone sales goal in the September quarter wh
Published 05 Sep, 2007 12:00am
FTSE stays higher

FTSE stays higher

Britain's leading share index rose for the fifth day in a row on Tuesday as higher crude prices lifted oil producers and after data showed US factories continued to expand in August despite credit market jitters. The FTSE 100 closed up 61.6 points or 0.98
Published 05 Sep, 2007 12:00am
London coffee higher; sugar and cocoa down

London coffee higher; sugar and cocoa down

London robusta coffee futures closed higher on Tuesday on speculative buying as Hurricane Felix headed towards key arabica growing areas in Central America, dealers said. White sugar futures ended lower as prices drifted down towards a recent 21-month low
Published 05 Sep, 2007 12:00am
Oil hits $75 as hurricane fears brew

Oil hits $75 as hurricane fears brew

Oil prices jumped above $75 a barrel on Tuesday after a top US hurricane forecaster called for a busy end to the Atlantic storm season, raising concerns over potential disruptions to oil and gas production. US crude settled up $1.04 at $75.08 per barrel,
Published 05 Sep, 2007 12:00am
New York cotton closes near month high

New York cotton closes near month high

Cotton futures settled on Tuesday near a one-month high on sustained speculative fund buying after the holiday break and the market's momentum may lead to further gains this week, brokers said. The cotton market was shut Monday for Labour Day.
Published 05 Sep, 2007 12:00am
Copper rises, aluminium under pressure

Copper rises, aluminium under pressure

London Metal Exchange copper ended down on Tuesday after partially recouping early losses, following a rebound in equities markets, while aluminium was under pressure after two successive days of rising stocks. Copper for delivery in three months ended th
Published 05 Sep, 2007 12:00am
European gold hits six-week highs on firm demand

European gold hits six-week highs on firm demand

Gold hit a six-week high on Tuesday, helped by safe-haven buying and good physical demand, with investors awaiting the release of US economic data that may change bullion's short-term direction. Brighter technicals and firm oil also lifted buying.
Published 05 Sep, 2007 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

The December wheat contract on the Chicago Board of Trade was expected to open between $8.12 and $8.16 per bushel when electronic trade resumes on Tuesday night, based on moves in wheat options, traders said.
Published 05 Sep, 2007 12:00am
US MIDDAY: corn firmer

US MIDDAY: corn firmer

Chicago Board of Trade corn futures were called to open 2 to 4 cents per bushel higher Tuesday on follow-through technical buying after the long US holiday weekend, traders said. Overnight, deliveries against the September were moderate at 555 contracts.
Published 05 Sep, 2007 12:00am
US MIDDAY: soyabeans soar

US MIDDAY: soyabeans soar

Soyabean futures at the Chicago Board of Trade soared Tuesday in unison with wheat which notched an all-time high of $8.11-1/4 per bushel as jitters about a shrinking supply of wheat and strong demand ignited technical buying, traders said. New-crop Novem
Published 05 Sep, 2007 12:00am
US MIDDAY: copper futures down

US MIDDAY: copper futures down

US copper futures lost nearly 3 percent of their value early on Tuesday, with worries about slowing economic growth and its impact on demand keeping the red metal skewed to the downside, traders said.
Published 05 Sep, 2007 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

US gold futures moved higher early on Tuesday, rallying to a 6-week high, as funds continued buying on supportive US economic readings, and strong technical signals, physical demand and oil prices, traders said.
Published 05 Sep, 2007 12:00am
Probe the affairs of MoPS

Probe the affairs of MoPS

The newly formed Ministry of Ports & Shipping, about 3 years back, is full of controversy/scandals, be it recurring fire in PNSC building, collapse of 8 berths in Karachi Port, allotment of industrial lands in Port Qasim, impromptu inauguration of Gwadar
Published 05 Sep, 2007 12:00am
No growth of political leadership

No growth of political leadership

Pakistan has just completed six decades of its existence despite political upheavals and crises of the sorts every now and then. With the blessings of Almighty Allah, it will remain on the world map and the national flag flying high and higher for centuri
Published 05 Sep, 2007 12:00am
Iran's role in 'Pipeline of Peace'

Iran's role in 'Pipeline of Peace'

In the present-day world, economic and political power of countries is related to the extent of their access or controlling the energy resources. But, at the same time, it can be argued that greater the extent of economic and commercial activities of a ge
Published 05 Sep, 2007 12:00am
Good Morning: haunted by bridges

Good Morning: haunted by bridges

And now to our daily lives has been added a fear of bridges. A suspicion that any of the other bridges that we have in the city could collapse, either partly or entirely. But which one? The option for each one according to his fears, and his perception on
Published 05 Sep, 2007 12:00am
A political manifesto for sale-I

A political manifesto for sale-I

In the current feverish run-up to elections, have you wondered why our political parties have still not published any meaningful manifestoes? Hoary and bombastic declarations of good intent notwithstanding, none of them have yet declared where they stand
Published 05 Sep, 2007 12:00am
Who is to blame?

Who is to blame?

The sense of shock and anguish the collapse of the Northern Bypass Bridge in Karachi and the resultant loss of ten lives has caused nation-wide, is not going to go away easily. The least the public expects of those in charge is to give clear and convincin
Published 05 Sep, 2007 12:00am
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