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Print - 2007-10-14
Benazir meets UAE King

Benazir meets UAE King

Former Prime Minister and PPP chairperson Benazir Bhutto called on UAE King Sheikh Khalifa Bin Zayed Bin Sultan Al Nahayan on Saturday. PPP central leader Makhdoom Amin Fahim confirmed the meeting between Benazir Bhutto and UAE Sheikh Khalifa Bin Zayed. B
Published 14 Oct, 2007 12:00am
ADB workshops to develop draft safeguard policies

ADB workshops to develop draft safeguard policies

The Asian Development Bank (ADB) has issued a consultation draft for its safeguard policy update and will hold workshops in late 2007 and early 2008 as part of an ongoing process to enhance the environmental and social safeguards of the projects it is sup
Published 14 Oct, 2007 12:00am
US warns Russia over arms sales

US warns Russia over arms sales

US Defence Secretary Robert Gates reassured Russia on Saturday that the Pentagon will not put military bases in ex-Soviet Georgia and Ukraine, but he criticised Moscow for arms sales to US foes Iran and Syria.
Published 14 Oct, 2007 12:00am
30 security men released

30 security men released

Thirty security personnel kidnapped in South Waziristan Agency were released unconditionally on Saturday morning. Official sources said the personnel were abducted in the Agency over a month ago. These security personnel were also given their four vehicle
Published 14 Oct, 2007 12:00am
Gas pipeline blown near Dera Bugti

Gas pipeline blown near Dera Bugti

Terrorists blew away 24 inch dia gas pipeline near Dera Bugti on Friday night. According to details, terrorists planted explosive device with 24 inch dia gas pipeline some 1 km from Dera Bugti. The pipeline supplies gas from Pirkoh to Sui plant. Due to ex
Published 14 Oct, 2007 12:00am
Jute import up by 288.89 percent in August

Jute import up by 288.89 percent in August

Import of jute has shot up by 288.89 percent during August 2007 as compared to 745 million dollars imports in the previous month, said official statistics. According to the statistics, jute worth 2.892 million dollars of jute was imported in August 2007 a
Published 14 Oct, 2007 12:00am
Mozambique to double mining investment by 2012

Mozambique to double mining investment by 2012

Mozambique wants to double new mining investments in the next five years and boost economic growth by fast-tracking mining licenses, National Mining Director Fatima Momade said. Momade told Reuters in an interview on Saturday that 50 companies invested $2
Published 14 Oct, 2007 12:00am
Global microcontroller prices edging lower: NEC

Global microcontroller prices edging lower: NEC

Global prices for microcontroller chips are likely to dip by "a couple of percent" through 2008 due to fierce competition and pricing pressure, a senior executive at Japan's NEC Electronics Corp <6723.T> said on Saturday.
Published 14 Oct, 2007 12:00am
POSCO officials kidnapped in India released unharmed

POSCO officials kidnapped in India released unharmed

Four employees of the South Korean steel giant POSCO, taken hostage by villagers opposed to a proposed 12-billion-dollar plant, were released unharmed, police said Saturday. The four - three South Koreans and an Indian - had gone to the village for survey
Published 14 Oct, 2007 12:00am
US reassures Russia on bases, warns over arms sales

US reassures Russia on bases, warns over arms sales

US Defence Secretary Robert Gates reassured Russia on Saturday that the Pentagon will not put military bases in ex-Soviet Georgia and Ukraine, but he criticised Moscow for arms sales to US foes Iran and Syria.
Published 14 Oct, 2007 12:00am
Chinese watch political jockeying from sidelines

Chinese watch political jockeying from sidelines

When China's twice-a-decade Communist Party Congress opens on Monday, tight security and a culture of secrecy will ensure its decisions are made behind firmly closed doors. But leaders would be wrong to think ordinary citizens are not paying attention.
Published 14 Oct, 2007 12:00am
US Treasury officials seek to help battered SIVs

US Treasury officials seek to help battered SIVs

US Treasury officials are looking into ways to help investment vehicles called SIVs that have been battered by this summer's credit crisis, sources familiar with the situation said on Friday.
Published 14 Oct, 2007 12:00am
Russia opposed to US-Japan ties in defence: Kyodo

Russia opposed to US-Japan ties in defence: Kyodo

Russian Foreign Minister Sergei Lavrov expressed his concerns about Japan and the United States co-operating in a missile defence shield programme, Kyodo news agency reported on Saturday. Lavrov replied to Kyodo questions in a statement that he was oppose
Published 14 Oct, 2007 12:00am
World Bank satisfied with self-assessment scheme

World Bank satisfied with self-assessment scheme

The World Bank (WB) has conveyed to the Federal Board of Revenue (FBR) that filing of income tax returns under the Universal Self-Assessment Scheme (USAS) has not resulted in any revenue loss on the direct taxes side. Sources told Business Recorder </i
Published 14 Oct, 2007 12:00am
World Bank satisfied with self-assessment scheme

World Bank satisfied with self-assessment scheme

The World Bank (WB) has conveyed to the Federal Board of Revenue (FBR) that filing of income tax returns under the Universal Self-Assessment Scheme (USAS) has not resulted in any revenue loss on the direct taxes side. Sources told Business Recorder </i
Published 14 Oct, 2007 12:00am
World Bank satisfied with self-assessment scheme

World Bank satisfied with self-assessment scheme

The World Bank (WB) has conveyed to the Federal Board of Revenue (FBR) that filing of income tax returns under the Universal Self-Assessment Scheme (USAS) has not resulted in any revenue loss on the direct taxes side. Sources told Business Recorder </i
Published 14 Oct, 2007 12:00am
Secret service funds sought to watch and check tax officials

Secret service funds sought to watch and check tax officials

The Directorate General of Intelligence and Investigation has sought "secret service funds" from the Federal Board of Revenue (FBR) for monitoring of tax officials, vigilance of key revenue collection stations and networking of sources across the country.
Published 14 Oct, 2007 12:00am
Secret service funds sought to watch and check tax officials

Secret service funds sought to watch and check tax officials

The Directorate General of Intelligence and Investigation has sought "secret service funds" from the Federal Board of Revenue (FBR) for monitoring of tax officials, vigilance of key revenue collection stations and networking of sources across the country.
Published 14 Oct, 2007 12:00am
Secret service funds sought to watch and check tax officials

Secret service funds sought to watch and check tax officials

The Directorate General of Intelligence and Investigation has sought "secret service funds" from the Federal Board of Revenue (FBR) for monitoring of tax officials, vigilance of key revenue collection stations and networking of sources across the country.
Published 14 Oct, 2007 12:00am
TCP invites bids for 0.05 million tons wheat import

TCP invites bids for 0.05 million tons wheat import

The Trading Corporation of Pakistan (TCP) has issued a tender to import 50,000 tons wheat, to be supplied in bulk. Bids from pre-qualified foreign suppliers will be received by October 29 and opened the same day, the Corporation document said on its Web s
Published 14 Oct, 2007 12:00am
TCP invites bids for 0.05 million tons wheat import

TCP invites bids for 0.05 million tons wheat import

The Trading Corporation of Pakistan (TCP) has issued a tender to import 50,000 tons wheat, to be supplied in bulk. Bids from pre-qualified foreign suppliers will be received by October 29 and opened the same day, the Corporation document said on its Web s
Published 14 Oct, 2007 12:00am
TCP invites bids for 0.05 million tons wheat import

TCP invites bids for 0.05 million tons wheat import

The Trading Corporation of Pakistan (TCP) has issued a tender to import 50,000 tons wheat, to be supplied in bulk. Bids from pre-qualified foreign suppliers will be received by October 29 and opened the same day, the Corporation document said on its Web s
Published 14 Oct, 2007 12:00am
IPI gas line working group meeting from October 17

IPI gas line working group meeting from October 17

A four-day meeting of the working group on Iran-Pakistan-India gas pipeline project will begin in Islamabad on Tuesday. This was stated by Minister for Petroleum and Natural Resources Amanullah Khan Jadoon while presiding over a meeting here.
Published 14 Oct, 2007 12:00am
POL product prices notified

POL product prices notified

In accordance with the formula prescribed by the government, the Oil and Gas Regulatory Authority (Ogra) has notified that maximum ex-depot sale prices of the following products will remain unchanged, effective from October 16, 2007, says a notification i
Published 14 Oct, 2007 12:00am
POL product prices notified

POL product prices notified

In accordance with the formula prescribed by the government, the Oil and Gas Regulatory Authority (Ogra) has notified that maximum ex-depot sale prices of the following products will remain unchanged, effective from October 16, 2007, says a notification i
Published 14 Oct, 2007 12:00am
POL product prices notified

POL product prices notified

In accordance with the formula prescribed by the government, the Oil and Gas Regulatory Authority (Ogra) has notified that maximum ex-depot sale prices of the following products will remain unchanged, effective from October 16, 2007, says a notification i
Published 14 Oct, 2007 12:00am
Holiday notice

Holiday notice

The offices of Daily Business Recorder will remain closed on Sunday and Monday (October 14 & 15) on account of Eid-ul-Fitr. There will, therefore, be no issue of the newspaper and Internet edition on Monday and Tuesday (October 15 & 16). However ar
Published 14 Oct, 2007 12:00am
Pakistan far from global venture financing radar

Pakistan far from global venture financing radar

Pakistan has yet to come on the global radar for venture capitalists' financing for the new practicable ideas as it simply misses a link between innovation and a culture to work hard to turn them into a reality.
Published 14 Oct, 2007 12:00am
Pakistan far from global venture financing radar

Pakistan far from global venture financing radar

Pakistan has yet to come on the global radar for venture capitalists' financing for the new practicable ideas as it simply misses a link between innovation and a culture to work hard to turn them into a reality.
Published 14 Oct, 2007 12:00am
FBR chief concerned about slow-moving tax reforms project

FBR chief concerned about slow-moving tax reforms project

The chairman, Federal Board of Revenue (FBR), M. Abdullah Yusuf, has expressed concern over certain slow-moving projects under the Tax Administration Reforms Project (Tarp). Sources told Business Recorder on Saturday that the Revenue Division secre
Published 14 Oct, 2007 12:00am
FBR chief concerned about slow-moving tax reforms project

FBR chief concerned about slow-moving tax reforms project

The chairman, Federal Board of Revenue (FBR), M. Abdullah Yusuf, has expressed concern over certain slow-moving projects under the Tax Administration Reforms Project (Tarp). Sources told Business Recorder on Saturday that the Revenue Division secre
Published 14 Oct, 2007 12:00am
FBR chief concerned about slow-moving tax reforms project

FBR chief concerned about slow-moving tax reforms project

The chairman, Federal Board of Revenue (FBR), M. Abdullah Yusuf, has expressed concern over certain slow-moving projects under the Tax Administration Reforms Project (Tarp). Sources told Business Recorder on Saturday that the Revenue Division secre
Published 14 Oct, 2007 12:00am
SCRAs hit new high of $151.035 million

SCRAs hit new high of $151.035 million

After witnessing a fresh inflow of 65.820 million dollars on October 11, the special convertible rupee accounts (SCRAs) balances reached the new high level of 151.035 million dollars during the current fiscal year.
Published 14 Oct, 2007 12:00am
SCRAs hit new high of $151.035 million

SCRAs hit new high of $151.035 million

After witnessing a fresh inflow of 65.820 million dollars on October 11, the special convertible rupee accounts (SCRAs) balances reached the new high level of 151.035 million dollars during the current fiscal year.
Published 14 Oct, 2007 12:00am
SCRAs hit new high of $151.035 million

SCRAs hit new high of $151.035 million

After witnessing a fresh inflow of 65.820 million dollars on October 11, the special convertible rupee accounts (SCRAs) balances reached the new high level of 151.035 million dollars during the current fiscal year.
Published 14 Oct, 2007 12:00am
Greek Company awarded contract for 220 megawatts power plant Phase-I

Greek Company awarded contract for 220 megawatts power plant Phase-I

The Karachi Electric Supply Corporation (KESC) has awarded the contract for Phase-I of the 220 MW power plant to METKA, EPC contractor, a Greek Company of international repute, whereas Phase-II for 565 MW is under process, it is reliably learnt.
Published 14 Oct, 2007 12:00am
Greek Company awarded contract for 220 megawatts power plant Phase-I

Greek Company awarded contract for 220 megawatts power plant Phase-I

The Karachi Electric Supply Corporation (KESC) has awarded the contract for Phase-I of the 220 MW power plant to METKA, EPC contractor, a Greek Company of international repute, whereas Phase-II for 565 MW is under process, it is reliably learnt.
Published 14 Oct, 2007 12:00am
Greek Company awarded contract for 220 megawatts power plant Phase-I

Greek Company awarded contract for 220 megawatts power plant Phase-I

The Karachi Electric Supply Corporation (KESC) has awarded the contract for Phase-I of the 220 MW power plant to METKA, EPC contractor, a Greek Company of international repute, whereas Phase-II for 565 MW is under process, it is reliably learnt.
Published 14 Oct, 2007 12:00am
Eid-ul-Fitr today

Eid-ul-Fitr today

Eid-ul-Fitr, marking the culmination of the fasting month of Ramazan is being celebrated throughout the country and Azad Kashmir on Sunday, October 14, with religious fervour and festivity. The faithfuls will offer Eid prayers at mosques, Eidgahs and othe
Published 14 Oct, 2007 12:00am
Eid-ul-Fitr today

Eid-ul-Fitr today

Eid-ul-Fitr, marking the culmination of the fasting month of Ramazan is being celebrated throughout the country and Azad Kashmir on Sunday, October 14, with religious fervour and festivity. The faithfuls will offer Eid prayers at mosques, Eidgahs and othe
Published 14 Oct, 2007 12:00am
PML-Q scared of my return, says Benazir

PML-Q scared of my return, says Benazir

Former prime minister and PPP Chairperson Benazir Bhutto has said that her return to Pakistan would not be dangerous for President Pervez Musharraf but the PML-Q is afraid of her return. According to Aaj TV, Benazir Bhutto, in an interview with Gul
Published 14 Oct, 2007 12:00am
PML-Q scared of my return, says Benazir

PML-Q scared of my return, says Benazir

Former prime minister and PPP Chairperson Benazir Bhutto has said that her return to Pakistan would not be dangerous for President Pervez Musharraf but the PML-Q is afraid of her return. According to Aaj TV, Benazir Bhutto, in an interview with Gul
Published 14 Oct, 2007 12:00am
Complaints galore against ATMs working

Complaints galore against ATMs working

Despite the central bank''s clear-cut instructions, the customers are facing severe difficulties in withdrawing cash money from ATMs ahead of Eid-ul-Fitr.
Published 14 Oct, 2007 12:00am
Complaints galore against ATMs working

Complaints galore against ATMs working

Despite the central bank's clear-cut instructions, the customers are facing severe difficulties in withdrawing cash money from ATMs ahead of Eid-ul-Fitr.
Published 14 Oct, 2007 12:00am
Complaints galore against ATMs working

Complaints galore against ATMs working

Despite the central bank's clear-cut instructions, the customers are facing severe difficulties in withdrawing cash money from ATMs ahead of Eid-ul-Fitr.
Published 14 Oct, 2007 12:00am
15 of a family gunned down

15 of a family gunned down

Fifteen members of a family were gunned down due to old enmity in Dabber Shakker Gunj village near Bhawal Nagar on Saturday, Aaj TV reported.
Published 14 Oct, 2007 12:00am
NRO to improve political environment: Prime Minister

NRO to improve political environment: Prime Minister

Prime Minister Shaukat Aziz has said that the government of PML and allied parties sincerely desire to improve the political atmosphere in the country, and the National Reconciliation Ordinance was an extension of the same intent. He said this while talki
Published 14 Oct, 2007 12:00am
NRO to improve political environment: Prime Minister

NRO to improve political environment: Prime Minister

Prime Minister Shaukat Aziz has said that the government of PML and allied parties sincerely desire to improve the political atmosphere in the country, and the National Reconciliation Ordinance was an extension of the same intent. He said this while talki
Published 14 Oct, 2007 12:00am
The Weather

The Weather

The weather report on Saturday (October 13, 2007) and the forecast for Sunday (October 14, 2007).
Published 14 Oct, 2007 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 08 to 12, 2007).

Published 14 Oct, 2007 12:00am
THE RUPEE: pound up in Lahore

THE RUPEE: pound up in Lahore

The Pak rupee-dollar parity remained unchanged amid sluggish trading in the partially opened Lahore currency market on Saturday. Dealers said the dollar was purchased and sold at overnight closing level of Rs 60.65 and Rs 60.75 respectively. There was no
Published 14 Oct, 2007 12:00am
THE RUPEE: pound up in Lahore

THE RUPEE: pound up in Lahore

The Pak rupee-dollar parity remained unchanged amid sluggish trading in the partially opened Lahore currency market on Saturday. Dealers said the dollar was purchased and sold at overnight closing level of Rs 60.65 and Rs 60.75 respectively. There was no
Published 14 Oct, 2007 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended on Saturday (October 13, 2007).

Published 14 Oct, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 13, 2007).

Published 14 Oct, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 13, 2007).

Published 14 Oct, 2007 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended on Saturday (October 13, 2007).

Published 14 Oct, 2007 12:00am
Pakistan Standards & Imported Halal Foods

Pakistan Standards & Imported Halal Foods

It is agreed upon by all Muslims that for the meat of a land animal to be Halal it must be slaughtered by a Muslim who pronounces the Name of Allah before killing the animal by cutting its throat. The proper Islamic method of slaughtering an animal is cal
Published 14 Oct, 2007 12:00am
Pakistan Cables Limited

Pakistan Cables Limited

The country's oldest and most reputable cable manufacturer, was established over 5 decades ago in 1953 under the sponsorship of BICC of UK and the Chinoy family. In the subsequent five decades, Pakistan Cables has earned a reputation for itself as a marke
Published 14 Oct, 2007 12:00am
ISO/TS 16949:2002: Automotive Quality System

ISO/TS 16949:2002: Automotive Quality System

ISO/TS 16949 is an international quality system standard specifically formulated for the global automotive industry. It was developed by the International Automotive Task Force (IATF), in association with members of the ISO Technical Committee-TC176.
Published 14 Oct, 2007 12:00am
Accreditation of PSQCA Microbiology Laboratory

Accreditation of PSQCA Microbiology Laboratory

The National Standard Body, PSQCA has received certificate of accreditation for its microbiological lab quality control centre to test the materials for human consumption. These tests ascertain the food standards in conformity with international requireme
Published 14 Oct, 2007 12:00am
PSQCA participates in 30th ISO General Assembly, Geneva

PSQCA participates in 30th ISO General Assembly, Geneva

PSQCA, the national standards body of Pakistan has been member of the ISO (International Organisation for Standardisation), participated in meeting of ISO committee on developing country matters (DEVCO) in its 41st meeting held in Geneva on 17th and 18th
Published 14 Oct, 2007 12:00am
Message from ITU Secretary-General

Message from ITU Secretary-General

The Global Village brings a broad range of rights and obligations to its citizens. These include rights to safety, security, health and access to information. Obligations include protecting the environment and respecting the safety, property and privacy o
Published 14 Oct, 2007 12:00am
Message from ISO President

Message from ISO President

The Global Village brings a broad range of rights and obligations to its citizens. These include rights to safety, security, health and access to information. Obligations include protecting the environment and respecting the safety, property and privacy o
Published 14 Oct, 2007 12:00am
Message from IEC President

Message from IEC President

The Global Village brings a broad range of rights and obligations to its citizens. These include rights to safety, security, health and access to information. Obligations include protecting the environment and respecting the safety, property and privacy o
Published 14 Oct, 2007 12:00am
Message from director general PSQCA

Message from director general PSQCA

World Standards Day is being celebrated to mark the birth of the International Organisation for Standardisation (ISO), which held its first meeting in London on October 14, 1946, with an initial roster of 25 countries.
Published 14 Oct, 2007 12:00am
Message from Federal Secretary, Ministry of Science and Technology

Message from Federal Secretary, Ministry of Science and Technology

Every year 14th October is observed by all members countries of the International Organisation for Standardisation (ISO) and the International Electro-technical Commission (IEC) as well the World Standard's Day with a view of create awareness about standa
Published 14 Oct, 2007 12:00am
Message from Federal Minister Science and Technology

Message from Federal Minister Science and Technology

Every year the Day of 14th October is celebrated as the World Standards Day by the National Standards Bodies with a view to increase awareness among the stakeholders ie manufacturers, distributors, stockiest and consumers of good and services across the g
Published 14 Oct, 2007 12:00am
WCE canola hit by weak US markets

WCE canola hit by weak US markets

Winnipeg Commodity Exchange canola futures were pressured on Friday by weak US markets after the US Agriculture Department confirmed trade ideas about major US crops, including soy, traders said. "We were off because they (US markets) were so weak," a can
Published 14 Oct, 2007 12:00am
Russia needs state grain export body

Russia needs state grain export body

Russia should set up a state corporation to tighten control over grain exports, Russian news agencies quoted Agriculture Minister Alexei Gordeyev as saying on Saturday. Gordeyev did not say if the corporation would have a monopoly on grain exports. Russia
Published 14 Oct, 2007 12:00am
KCBT wheat futures sharply lower

KCBT wheat futures sharply lower

Hard red winter wheat futures on the Kansas City Board of Trade closed sharply lower on Friday in a setback after the release of USDA's October crop production and supply/demand reports, traders said.
Published 14 Oct, 2007 12:00am
Tanzanian coffee prices mixed

Tanzanian coffee prices mixed

Tanzanian coffee prices were mixed at this week's auction, with some easing but cushioned by strong New York prices and increased demand for beans from major buyers, traders said on Saturday.
Published 14 Oct, 2007 12:00am
Corn futures up

Corn futures up

Corn futures on the Chicago Board of Trade ended higher on Friday amid support from USDA's October crop production report and from the government's weekly export sales report, traders said.
Published 14 Oct, 2007 12:00am
Singapore bunker fuel prices climb

Singapore bunker fuel prices climb

Singapore bunker prices climbed on Friday on the back of stronger cargo values and tight supplies, while its differential to fuel oil cargoes remained at a discount for a thirteenth-straight session.
Published 14 Oct, 2007 12:00am
FOB Gulf soya falls; corn and wheat firm

FOB Gulf soya falls; corn and wheat firm

US FOB Gulf soyabean basis offers fell for a second day on Friday amid weak export demand and high ocean freight scaring off buyers, traders said. Corn export premiums firmed despite the record high ocean freight. Export sales slowed this week but traders
Published 14 Oct, 2007 12:00am
CBOT wheat dives on USDA reports

CBOT wheat dives on USDA reports

Wheat futures on the Chicago Board of Trade plummeted on Friday, despite a monthly US Department of Agriculture crop report that confirmed tightening US and world wheat supplies.
Published 14 Oct, 2007 12:00am
Burundi coffee rise

Burundi coffee rise

Burundi coffee prices have risen over the last few weeks due to fears of a supply crunch in Brazil, a coffee board official said on Friday. The state-run Burundi Coffee Board (OCIBU) said traders in the tiny central African nation sold 180 tonnes of washe
Published 14 Oct, 2007 12:00am
US copper stays down at close

US copper stays down at close

New York copper settled moderately lower on Friday, knocked off early highs by a climbing dollar, but selling became more anemic as the day progressed and the price remained within its recent sideways pattern, traders said.
Published 14 Oct, 2007 12:00am
New York gold lower

New York gold lower

US gold futures finished lower on Friday as a rising dollar and chart-based resistance paused bullion's recent rally which was boosted by bullish investor sentiment. "Overarching right now are the technical conditions. We are trying to test previous highs
Published 14 Oct, 2007 12:00am
Soybeans futures end mixed

Soybeans futures end mixed

Soybean futures at the Chicago Board of Trade closed mixed on Friday, with the deferred months supported by the government's outlook for US soybean supplies to be tight in the coming season due to a smaller crop, traders said.
Published 14 Oct, 2007 12:00am
CBOT rice slips

CBOT rice slips

Rough rice futures at the Chicago Board of Trade ended weaker on Friday, following wheat lower, traders said. Monthly USDA crop data released before the open came in near trade expectations, failing to give the market much direction after its recent rally
Published 14 Oct, 2007 12:00am
Australian grain: some rain falls as wheat harvest begins

Australian grain: some rain falls as wheat harvest begins

Good rainfall in Australia's north-eastern grains belt in the past week came too late to help the wheat crop as harvesting began, but lighter rain in the south did benefit drought-hit wheat crops there.
Published 14 Oct, 2007 12:00am
Shanghai copper ends steady

Shanghai copper ends steady

Shanghai copper was steady on Friday, with Chinese consumers' reluctance to buy at current high prices and an expected rise in stocks offset by bullish longer-term demands prospects. Shanghai's most-active December copper contract edged down 30 yuan to 66
Published 14 Oct, 2007 12:00am
New York sugar closes mixed

New York sugar closes mixed

Raw sugar futures settled mixed Friday in activity featuring small speculators and the market is seen staying range-bound going into next week, brokers said. ICE Futures actively-traded March electronic sugar contract eased 0.02 cent to trade at 9.79 cent
Published 14 Oct, 2007 12:00am
Tokyo rubber ends down

Tokyo rubber ends down

The key rubber contract on the Tokyo Commodity Exchange ended lower on Friday as players took profit ahead of the weekend, but remained supported by firm oil prices and supply concerns. The benchmark March contract fell 0.2 yen to settle at 274.3 yen ($2.
Published 14 Oct, 2007 12:00am
Platinum, lead prices forge record highs, as gold and oil rally

Platinum, lead prices forge record highs, as gold and oil rally

The prices of platinum and lead struck all-time highs last week owing to tight global supplies of the metals. Elsewhere, Gold breached 750 dollars an ounce for the first time since 1980 and oil futures flirted with record peaks.
Published 14 Oct, 2007 12:00am
US will discuss JFK schedules with foreign airlines

US will discuss JFK schedules with foreign airlines

Overseas airlines will join domestic carriers at an unusual meeting next month with US authorities about flight scheduling practices at delay plagued New York's John F. Kennedy airport, officials said on Friday.
Published 14 Oct, 2007 12:00am
Airbus sales head sees over 800 A380 sales

Airbus sales head sees over 800 A380 sales

European planemaker Airbus could sell more than 800 of its A380 superjumbos over the next two decades, sales chief John Leahy said in an interview with Reuters TV.
Published 14 Oct, 2007 12:00am
China gives toy industry crash course in quality

China gives toy industry crash course in quality

Facing pressure to clean up its toy industry, China has rounded up more than 1,000 toy company managers and government officials for a crash course in quality supervision, the official Xinhua news agency said on Saturday.
Published 14 Oct, 2007 12:00am
'ABN Amro break-up should not be delayed'

'ABN Amro break-up should not be delayed'

The three banks who have won control of ABN Amro should move quickly to implement their plans to break it up to avoid any problems, the Dutch central bank governor was quoted as saying on Saturday.
Published 14 Oct, 2007 12:00am
Private banks gird for Asia onshore push

Private banks gird for Asia onshore push

Global private banks, used to serving Asia's wealthy from Hong Kong and Singapore, are increasingly jumping directly into the region's local markets, betting that tougher restrictions there will be offset by a bounty of new millionaire clients.
Published 14 Oct, 2007 12:00am
US Commerce chief warns Congress on China bills

US Commerce chief warns Congress on China bills

The Bush administration will fight legislation aimed at prodding China into revaluing its currency, despite howls from lawmakers over what they call China's unfair trade policies, a US official said.
Published 14 Oct, 2007 12:00am
Work begins to clear 60 million mail backlog in UK

Work begins to clear 60 million mail backlog in UK

Royal Mail said on Saturday it was working hard to clear the estimated 60 million items of post that have built up during this month's strikes. An agreement in principle was reached between Royal Mail and union leaders on Friday to end the dispute over pa
Published 14 Oct, 2007 12:00am
American Tower eyes acquisitions in India

American Tower eyes acquisitions in India

American Tower International Inc (AMT) is exploring acquisitions in Indian telecoms tower companies and considering managing tower businesses of Indian telecom operators, the mint newspaper said on Saturday. "We are already in discussions with several ope
Published 14 Oct, 2007 12:00am
World Bank studies rising seas in Guyana

World Bank studies rising seas in Guyana

The World Bank and Global Environmental Facility have approved $3.8 million in grant funding to protect low-lying coastal areas in Guyana threatened by rising sea levels, an official said on Friday.
Published 14 Oct, 2007 12:00am
China to control banks over cash liquidity

China to control banks over cash liquidity

China's central bank on Saturday raised the proportion of deposits that banks must hold in reserve for the eighth time this year, extending a campaign to prevent the world's fourth-largest economy from overheating.
Published 14 Oct, 2007 12:00am
Kenya plans roadshow for $300 million bond

Kenya plans roadshow for $300 million bond

Kenya will hold a non-deal roadshow later this month to gauge investor interest in a planned $300 million Eurobond, Finance Minister Amos Kimunya told Reuters on Friday. The economic secretary of the finance ministry, Kamau Thugge, said the sale will prob
Published 14 Oct, 2007 12:00am
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