News Archives for Print - 2007-11-02

Dyes prices higher on Jodia Bazaar

The trading on dyes closed up on Jodia Bazaar here on Thursday. The following variations were noted.

Published 02 Nov, 2007 12:00am

Airline suffers Rs 3.2 billion loss in third quarter: PIA chief 'confused' as losses mount

Six months into the job, the head of Pakistan International Airlines (PIA) said on Thursday he was still wondering how to turn around the company as losses since the start of 2006 exceed half a billion dollars.

Published 02 Nov, 2007 12:00am

Brisk trading on grain market

Active business was seen on the grain market on Thursday despite higher trend in the prices, causing by an abrupt rise in the oil price in the international market, dealers said.

Published 02 Nov, 2007 12:00am

Airline suffers Rs 3.2 billion loss in third quarter: PIA chief 'confused' as losses mount

Six months into the job, the head of Pakistan International Airlines (PIA) said on Thursday he was still wondering how to turn around the company as losses since the start of 2006 exceed half a billion dollars.

Published 02 Nov, 2007 12:00am

CBoT wheat settles lower

Wheat futures on the Chicago Board of Trade closed lower on Wednesday after a day of see-saw trade, weighed by a slowdown in export business and ideas the market was overpriced, traders said.

Published 02 Nov, 2007 12:00am

'Supreme Court won't be cowed down by martial law threats'

The head of the 11-member Supreme Court bench, Justice Javed Iqbal, has categorically stated: "This bench would not be pressurised by threats of imposition of martial law or emergency in the country in deciding petitions against General Musharraf's re-ele

Published 02 Nov, 2007 12:00am

FOB Gulf corn retreats; soya and wheat hold steady

US FOB Gulf corn basis offers weakened on Wednesday following declines in the CIF barge market, while soyabeans and wheat held steady, traders said. CIF values came under pressure from a rally in corn futures that sparked farmer selling and more grain mov

Published 02 Nov, 2007 12:00am

'Supreme Court won't be cowed down by martial law threats'

The head of the 11-member Supreme Court bench, Justice Javed Iqbal, has categorically stated: "This bench would not be pressurised by threats of imposition of martial law or emergency in the country in deciding petitions against General Musharraf's re-ele

Published 02 Nov, 2007 12:00am

Oil cake market rates

Persistent rise was seen on the forward cottonseed oilcake market on Thursday as supply position was tight during the surge in demand by the buyers, dealers said. The December vaida opened with four rupees rise at Rs 539 and market closed at the same rate

Published 02 Nov, 2007 12:00am

Japan ends 'war on terror' mission

Japan on Thursday ordered home ships engaged on a refuelling mission in the Indian Ocean, halting the close US ally's main role in the "war on terror" due to domestic opposition.

Published 02 Nov, 2007 12:00am

Modest trading on cotton market

Modest trading was seen in the cotton market on Thursday as members of the All Pakistan Textile and Mills Association (APTMA) met to find the ways to solve the hovering crisis for the textile sector, dealers said. The Karachi Cotton Association (KCA) offi

Published 02 Nov, 2007 12:00am

ESOLPK intends to revolutionise small, medium enterprise sector

The ESOLPK and the Microsoft jointly held a seminar here at a hotel on Thursday to launch formers services to provide a rapidly deployable and affordable automation solution based on "Microsoft dynamics".

Published 02 Nov, 2007 12:00am

Mills panicky on the news of short cotton crop

Wild guesses regarding the output of the current cotton crop (2007-08) in Pakistan continue to float in the market with uncommon verve and vigour. Mealy bug, a newcomer to sundry pests and viruses has joined the list of bugs which has been pestering our c

Published 02 Nov, 2007 12:00am

Oil slips after hitting above $96

Oil prices slipped back from a record on Thursday as worries over the health of the US economy resurfaced. US oil fell $1.04 to $93.49 a barrel after striking an all-time high of $96.24 a barrel. Brent crude traded down 91 cents to $89.72 a barrel after h

Published 02 Nov, 2007 12:00am

Mills panicky on the news of short cotton crop

Wild guesses regarding the output of the current cotton crop (2007-08) in Pakistan continue to float in the market with uncommon verve and vigour. Mealy bug, a newcomer to sundry pests and viruses has joined the list of bugs which has been pestering our c

Published 02 Nov, 2007 12:00am

Oil slips after hitting above $96

Oil prices slipped back from a record on Thursday as worries over the health of the US economy resurfaced. US oil fell $1.04 to $93.49 a barrel after striking an all-time high of $96.24 a barrel. Brent crude traded down 91 cents to $89.72 a barrel after h

Published 02 Nov, 2007 12:00am

New York cocoa ends flat to higher

US cocoa closed steady to firm on Wednesday, as funds rolled positions out of December into March ahead of the front-month's first notice day November 15, dealers said.

Published 02 Nov, 2007 12:00am

Oil slips after hitting above $96

Oil prices slipped back from a record on Thursday as worries over the health of the US economy resurfaced. US oil fell $1.04 to $93.49 a barrel after striking an all-time high of $96.24 a barrel. Brent crude traded down 91 cents to $89.72 a barrel after h

Published 02 Nov, 2007 12:00am

MGE spring wheat futures close mixed

Spring wheat futures at the Minneapolis Grain Exchange closed mixed on Wednesday, with nearby months lower in sympathy with declines in the Chicago and Kansas City wheat markets, traders said. News of export demand from Tunisia provided underlying support

Published 02 Nov, 2007 12:00am

Squadron leader among nine officers killed near PAF Sargodha base

A suicide bomber rammed a motorbike into Sargodha Air Force bus on Thursday, killing nine personnel, officials said. Interior Ministry Spokesman Brigadier Javed Cheema (Retd) said eight Air Force officers were killed in the blast near a major base and aro

Published 02 Nov, 2007 12:00am

New York arabica coffee closes mildly down

Arabica coffee trading on the ICE Futures US closed down a shade on Wednesday, with pressure coming from origin selling while the weak dollar helped to prevent deeper losses, traders said.

Published 02 Nov, 2007 12:00am

Squadron leader among nine officers killed near PAF Sargodha base

A suicide bomber rammed a motorbike into Sargodha Air Force bus on Thursday, killing nine personnel, officials said. Interior Ministry Spokesman Brigadier Javed Cheema (Retd) said eight Air Force officers were killed in the blast near a major base and aro

Published 02 Nov, 2007 12:00am

Shanghai copper down

Shanghai copper fell 1.2 percent on Thursday, pressured by the threat of cheaper imports, while London futures were fettered by rising stocks. January's copper contract, the most active on the Shanghai Futures Exchange, was down 790 yuan at 64,410 yuan ($

Published 02 Nov, 2007 12:00am

US copper ends easier

US copper futures surrendered gains on Wednesday as cautious investors failed to chase prices higher before a key decision on US interest rates from the Federal Reserve, brokers said. "It was pretty thin as you would expect. I don't think anyone wanted to

Published 02 Nov, 2007 12:00am

Gold higher in New York

US gold futures accelerated gains to finish higher on Wednesday as crude oil thundered to a fresh record peak and the dollar slumped to all-time lows against major currencies. After the end of the pit session, the US Federal Reserve slashed the benchmark

Published 02 Nov, 2007 12:00am

Gold nears $800 an ounce

Gold hit a 28-year high on Thursday after the US dollar tumbled to a record low against main currencies and oil soared to all-time highs, but the rally lost steam just a fingertip away from hitting $800 an ounce.

Published 02 Nov, 2007 12:00am

Malaysian tin

Malaysian tin fell 1.8 percent on Thursday after hitting a record high the previous day as a technical correction against London Metal Exchange prices and higher supplies weighed on the market, one dealer said.

Published 02 Nov, 2007 12:00am

Oil leaps to $96 high

Oil leaped more than one percent on Thursday, briefly topping $96 for the first time and extending the previous day's five percent jump after an unexpected sharp fall in United States crude stocks and data showing strong economic growth.

Published 02 Nov, 2007 12:00am

Asian sugar: Indian exports to East Asia seen surging

Australia is braced for a rising flood of Indian sugar exports to Indonesia and China in the next two months as the South Asian giant gears up to move the bulk of its sugar surplus at bargain prices.

Published 02 Nov, 2007 12:00am

Australian wool indicator

The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) fell 3 cents to 953 cents a kilogram clean on Thursday. Trading will resume in Sydney on Tuesday on November six 2007.

Published 02 Nov, 2007 12:00am

CBoT rice hits 10-year high

Rough rice futures at the Chicago Board of Trade climbed to fresh 10-year highs on Wednesday in technical moves, traders said. The market got off to a firm start on scattered speculative buying. Prices then spiked higher after when buy-stops were triggere

Published 02 Nov, 2007 12:00am

New York sugar closes mostly down

Raw sugar futures ended largely softer on Wednesday on speculative sales as rallies in crude and the gyrations of other commodity markets failed to light a fire under the sweetener, brokers said. ICE Futures March electronic sugar contract was down 0.06 c

Published 02 Nov, 2007 12:00am

Soya posts gains as crude soars

Soyabean futures on the Chicago Board of Trade ended up sharply on Wednesday following a fresh surge in crude oil markets while soyaoil soared to new contract highs and near 33-year highs, traders said. Traders said the soya complex rallied as crude oil a

Published 02 Nov, 2007 12:00am

Tokyo rubber rises to almost 16-month high

Benchmark Tokyo rubber futures rose by the daily 8-yen limit to the highest level in almost 16 months on Thursday, buoyed by the rally in oil prices, a weaker yen and concerns about tight physical supply. The key contract for April 2008 delivery on the To

Published 02 Nov, 2007 12:00am

Indian soyaoil futures higher

Indian soyaoil futures rose on Thursday on expectations a jump in crude oil prices would result in more diversion of soyaoil for bifocal use, which also bolstered rival Malaysian palm oil. Traders said the rise in futures was limited by market talk the fe

Published 02 Nov, 2007 12:00am

Malaysian palm oil hits new peak

Malaysian crude palm oil futures surged to a record high of 2,959 ringgit on Thursday as fast-rising crude oil and soyaoil markets saw investors scrambling to cover short positions. Palm oil, which hit its fifth record high in three weeks, is poised to br

Published 02 Nov, 2007 12:00am

Springer, TNT in German mail deal talks

Publisher Axel Springer AG is in talks with Dutch mail and parcel group TNT about merging German mail services companies TNT Post and PIN Group, a person familiar with the matter said. The idea is to create a company that can challenge German market leade

Published 02 Nov, 2007 12:00am

Singapore Prime Minister urges Asean to liberalise aviation

The Association of Southeast Asian Nations should take "bold steps" to achieve a single aviation market by 2015, Singapore Prime Minister Lee Hsien Loong said Thursday.

Published 02 Nov, 2007 12:00am

Japan auto sales up for first time in 28 months

Japan's automobile sales rose for the first time in 28 months in October as manufacturers released new models in an effort to reinvigorate a shrinking domestic market, an industry group said.

Published 02 Nov, 2007 12:00am

New EU securities rules kick in, no big bang

European Union rules to give people a wider choice of investments at cheaper prices came into force on Thursday with a patchy launch that is likely to give some firms a headache.

Published 02 Nov, 2007 12:00am

US factories cool; incomes up, inflation muted

A slowdown in factory growth in October reported on Thursday suggested the US economy was cooling from its surprisingly robust third-quarter pace, even as data showed US incomes edged higher in September while underlying consumer prices rose modestly.

Published 02 Nov, 2007 12:00am

Siemens offers to spare whistleblowing managers

German engineering group Siemens will fight corruption by offering to spare managers who denounce illegal practices from harsh sanctions, a spokesman said Thursday.

Published 02 Nov, 2007 12:00am

Fed has biggest day of injections since September 2001

The US Federal Reserve added a total of $41 billion in temporary reserves to the banking system on Thursday, the biggest single day of such injections since September 2001. The Fed's infusions may reflect the central bank's efforts to bring the federal fu

Published 02 Nov, 2007 12:00am

Option bets on oil steer market towards $100

A mass of options betting that oil will reach $100 could accelerate its ascent, demonstrating the latest spike reflects money management issues rather than supply/demand fundamentals. The price could also plummet just as rapidly if the $100 mark is reache

Published 02 Nov, 2007 12:00am

Chrysler to slash thousands of jobs

US automaker Chrysler announced plans Thursday to slash 8,500 to 10,000 production jobs and other labour force reductions to deal with a "smaller market" in the United States for automobiles.

Published 02 Nov, 2007 12:00am

Sri Lanka's budget deficit, debt too high: World Bank

Sri Lanka's budget deficit and debt levels are too high and renewed civil war with Tamil Tiger rebels is holding back the island's $26 billion economy, a top World Bank official warned on Thursday.

Published 02 Nov, 2007 12:00am

UK economy feels pinch from credit squeeze

Tighter credit conditions and weaker global demand put the brakes on Britain's manufacturing sector in October while retail sales growth slowed for a third consecutive month. Thursday's weaker-than-expected figures provided the first real evidence the eco

Published 02 Nov, 2007 12:00am

Piece of Eiffel Tower up for sale

A biggish piece of stairway from the Eiffel Tower goes under the hammer this month, expected to fetch between 15,000 and 20,000 euros (21,000 to 28,000 US dollars).

Published 02 Nov, 2007 12:00am

Ernst & Young posts rise in 2007 global revenues

Global accounting firm Ernst & Young said on Thursday its worldwide combined revenues rose to $21.1 billion for the fiscal year ended June 30, with double-digit growth across all regions. The Big Four accounting firm said the total represents an increase

Published 02 Nov, 2007 12:00am

China bars exports from hundreds of toy factories

China has banned more than 700 toy factories from exporting their products after a safety crackdown aimed at repairing its tarnished image turned up quality problems, state press said on Thursday.

Published 02 Nov, 2007 12:00am

Westlake Chemical misses estimates, shares drop

Westlake Chemical Corp posted weaker-than-expected profit on Thursday as the slump in the housing market hurt its vinyl products segment, sending its shares down 7 percent. Excluding items the company posted third-quarter earnings of 66 cents a share, wel

Published 02 Nov, 2007 12:00am

Westlake Chemical misses estimates, shares drop

Westlake Chemical Corp posted weaker-than-expected profit on Thursday as the slump in the housing market hurt its vinyl products segment, sending its shares down 7 percent. Excluding items the company posted third-quarter earnings of 66 cents a share, wel

Published 02 Nov, 2007 12:00am

Schwarzenegger regrets US's poor effort on global warming

California Governor Arnold Schwarzenegger told a conference in Lisbon Wednesday that he regretted Washington's lack of engagement on global warming but insisted the United States was not ignoring the issue.

Published 02 Nov, 2007 12:00am

Credit crunch seen crimping agency CMO market

The global credit squeeze has extended beyond bonds backed by risky securities to one of the safest asset classes in the world: Fannie Mae and Freddie Mac collateralised mortgage obligations.

Published 02 Nov, 2007 12:00am

Credit crunch seen crimping agency CMO market

The global credit squeeze has extended beyond bonds backed by risky securities to one of the safest asset classes in the world: Fannie Mae and Freddie Mac collateralised mortgage obligations.

Published 02 Nov, 2007 12:00am

Singapore and Malaysia to discuss route for budget carriers

Singapore and Malaysia will discuss allowing budget carriers to ply the route between the two during a meeting in mid-November, transport ministers said Thursday.

Published 02 Nov, 2007 12:00am

Kenya to fund submarine cable project

Kenya's government will fully fund an undersea cable project if neighbouring countries and private investors fail to take up an offer to buy a stake in the initiative, a senior telecoms official said on Thursday.

Published 02 Nov, 2007 12:00am

Romania revives Romtelecom float for 2008

Romania on Thursday revived plans to float its stake in fixed-line operator Romtelecom and said the country's biggest share offering could go ahead next year. Telecommunication Minister Iuliu Winkler told Reuters market conditions would be favourable for

Published 02 Nov, 2007 12:00am

Industry welcomes fuel price hikes in China, but tensions remain

Officials with China's major oil refiner on Thursday welcomed a hike in domestic fuel prices, but said a severe supply crunch that led to tense queues at petrol stations would remain. Chinese authorities announced Wednesday a rise in the prices of gasolin

Published 02 Nov, 2007 12:00am

Genentech delays plan on Avastin use in eyes

US biotechnology company Genentech Inc is delaying a plan that would make it harder to repackage its Avastin cancer drug as an inexpensive treatment for eye disease.

Published 02 Nov, 2007 12:00am

AstraZeneca profit deteriorates

Anglo-Swedish pharmaceuticals giant AstraZeneca said Thursday that group net profit fell 15.4 percent to 1.343 billion dollars (931 million euros) in the third quarter, as higher costs weighed. Profit fell despite revenue rising almost ten percent to 7.15

Published 02 Nov, 2007 12:00am

AstraZeneca profit deteriorates

Anglo-Swedish pharmaceuticals giant AstraZeneca said Thursday that group net profit fell 15.4 percent to 1.343 billion dollars (931 million euros) in the third quarter, as higher costs weighed. Profit fell despite revenue rising almost ten percent to 7.15

Published 02 Nov, 2007 12:00am

Berlin might ask EU to intervene in Lufthansa spat with Russia

Germany wants to know if other European freight carriers besides Lufthansa Cargo have been banned from flying in Russian airspace and might ask the EU to weigh in on the matter, the transport ministry said Thursday.

Published 02 Nov, 2007 12:00am

Angiotech drops to third-quarter loss

Angiotech Pharmaceuticals Inc reported a third-quarter loss on Thursday, hurt by delays in receiving revenue and a weak performance at its medical products arm.

Published 02 Nov, 2007 12:00am

Angiotech drops to third-quarter loss

Angiotech Pharmaceuticals Inc reported a third-quarter loss on Thursday, hurt by delays in receiving revenue and a weak performance at its medical products arm.

Published 02 Nov, 2007 12:00am

Mexico third quarter growth seen near four percent

Mexico's economy is expected to have grown nearly 4 percent in the third quarter, driven by services, industry and the automobile sector, Finance Minister Agustin Carstens said on Wednesday.

Published 02 Nov, 2007 12:00am

WTO sees sharp drop in anti-dumping cases in 2007

The number of anti-dumping probes launched by trading nations against alleged unfairly-priced imports fell sharply in the first six months of the year, the World Trade Organisation said on Tuesday.

Published 02 Nov, 2007 12:00am

Brazil's trade surplus grows

Brazil's trade volumes hit new records last month, helping to push this year's trade surplus to 34.38 billion dollars, nearly 10 percent higher than for the same 10-month period last year, official figures showed Thursday. October exports earned 15.77 bil

Published 02 Nov, 2007 12:00am

Indian shares dip

Indian share prices fell 0.57 percent in choppy trade on Thursday after the US Federal Reserve cut interest rates, as record high global oil prices raised concerns, dealers said. They said investors locked in gains in stocks which had risen sharply in the

Published 02 Nov, 2007 12:00am

Sinopec boosts Hong Kong stocks

Hong Kong-listed China plays ended up 0.4 percent on Thursday, having touched a new high during the day, as oil-related shares rallied on record crude prices and a decision by China to lift domestic fuel prices.

Published 02 Nov, 2007 12:00am

Thai shares decline

Thai share prices closed 0.50 percent lower on Thursday as investors shrugged off a US interest rate cut and took profits in the banking and energy sectors, dealers said. They said sentiment was downbeat as investors remained cautious about the outlook fo

Published 02 Nov, 2007 12:00am

US Treasury debt prices drop

US Treasury debt prices fell on Wednesday after the Federal Reserve cut benchmark interest rates as expected but signalled it may refrain from further easing if the economy holds up.

Published 02 Nov, 2007 12:00am

US Treasury debt prices drop

US Treasury debt prices fell on Wednesday after the Federal Reserve cut benchmark interest rates as expected but signalled it may refrain from further easing if the economy holds up.

Published 02 Nov, 2007 12:00am

Singapore shares flat

Singapore share prices closed flat on Thursday as jitters over record high oil prices of more than 96 dollars a barrel dampened the upbeat mood whipped by a US interest rate cut, dealers said. The Straits Times Index had stayed in positive territory for m

Published 02 Nov, 2007 12:00am

Chinese shares end four-day rise

Ending a four-day rebound, Chinese stocks fell on Thursday because of concern about tightening economic policy and the upcoming launch of stock index futures. The benchmark Shanghai Composite Index, which had gained 7 percent over the previous four days,

Published 02 Nov, 2007 12:00am

Jakarta shares close 2.3 percent up

Indonesian share prices closed 2.3 percent stronger on Thursday with the main index finishing at a fresh all-time high, after the US Federal Reserve cut its benchmark interest rate, dealers said. Indonesia's October inflation data that came in within expe

Published 02 Nov, 2007 12:00am

Tokyo stocks end at two-week high

Japanese stocks posted their highest close in two weeks on Thursday as a Federal Reserve interest rate cut, surprisingly brisk US economic growth data and a softer yen boosted exporters including Canon Inc. Nippon Oil Corp and other energy-related issues

Published 02 Nov, 2007 12:00am

Malaysian shares down

Malaysian share prices closed down 0.3 percent on Thursday as record high oil prices fuelled inflation fears, dealers said. They said such fears came after the cost of oil rose to more than 96 dollars a barrel in Asian trade as the US Federal Reserve lowe

Published 02 Nov, 2007 12:00am

Wall Street jumps after Fed's Halloween treat and data

US stocks rose on Wednesday, buoyed by both the Federal Reserve's interest-rate cut and its view that credit market strains have eased somewhat and by reports showing surprising strength in economic growth and employment.

Published 02 Nov, 2007 12:00am

Yuan hits fresh high versus dollar

China's yuan hit a fresh post-revaluation high against the dollar on Thursday for the fourth straight day, after the Chinese central bank again set a higher reference rate for the currency. But the yuan pulled back from near the psychologically important

Published 02 Nov, 2007 12:00am

Canadian dollar hits highest level

The Canadian dollar raced to its highest level since the late 1800s against the US currency on Wednesday, thanks to lofty oil prices and a weak greenback after the US Federal Reserve cut interest rates. The Canadian dollar closed at US $1.0585, making a U

Published 02 Nov, 2007 12:00am

Dollar climbs from record low

The dollar crawled up against the euro on Thursday but hovered near a record low hit the previous day after the Federal Reserve's expected interest rate cut further eroded the US currency's appeal to foreign investors.

Published 02 Nov, 2007 12:00am

Dollar drops to record low

The dollar fell to a record low against the euro on Wednesday after the Federal Reserve cut its benchmark interest rate by a quarter percentage point and said the pace of US economic growth will slow this year.

Published 02 Nov, 2007 12:00am

Most Asian currencies up on Fed rate cut

Most Asian currencies rose on Thursday after the Federal Reserve's expected rate cut further eroded the dollar's yield appeal, while investors awaited new data on the US economy and further policy easing. The high-yielding Indonesian rupiah rose as far as

Published 02 Nov, 2007 12:00am

Swiss franc falls against dollar

The Swiss franc fell sharply against the dollar on Thursday after the US Federal Reserve's 25 basis points interest rate boosted the greenback across the board. The franc was some 0.3 percent lower against the dollar at 1.1620 francs per dollar, as the do

Published 02 Nov, 2007 12:00am

Davydenko exits Paris Masters, Murray advances

Troubled Nikolay Davydenko, his serve gone missing, hopes to limp into next weekend's start of the season-ending Masters Cup in Shanghai despite carrying an elbow injury which refuses to heal.

Published 02 Nov, 2007 12:00am

Woolmer inquest witness fears for life

A key witness in the inquest into the death of cricket coach Bob Woolmer refused to testify on Wednesday saying she had received telephone threats from members of the Indian community.

Published 02 Nov, 2007 12:00am

Records show sub-continent's growing influence in Australia

The Indian sub-continent has transformed from a cricketing afterthought in Australia to a financial powerhouse increasingly important to players and officials Down Under, a history of Cricket Australia reveals.

Published 02 Nov, 2007 12:00am

Malinga vows to attack Aussie batsmen

Sri Lankan pace spearhead Lasith Malinga has vowed to go after the Australian batsmen in their two-Test series getting underway here next Thursday. Malinga is to make his first tour appearance in the three-day match against Queensland at Allan Border Fiel

Published 02 Nov, 2007 12:00am

Asif to miss ODI series

Pakistan suffered a big blow hours before the team's departure to India on Thursday when fast bowler Mohammad Asif pulled out with an elbow injury, officials said. Asif will miss at least the start of the five-match one-day series but hopes to be fit for

Published 02 Nov, 2007 12:00am

Pakistan arrive for India tour

Pakistan's cricketers flew into India on Thursday to resume the fierce cricketing rivalry that their Australian coach Geoff Lawson has described as "bigger than the Ashes." The 15-man squad, captained by Shoaib Malik, was received by local officials and s

Published 02 Nov, 2007 12:00am

Floods kill 10 in Vietnam

At least 10 people were killed and five others missing in central Vietnam after serious flooding over the past two days, officials said Thursday. Six were killed in Thua Thien-Hue, two in Quang Nam and one each in Quang Tri and Quang Ngai provinces.

Published 02 Nov, 2007 12:00am

Shuttle astronauts prepare for walk

NASA astronauts were preparing on Thursday for a tricky space walk to fix a ripped solar wing on the International Space Station, a crucial task which has become the focus of the shuttle Discovery's mission.

Published 02 Nov, 2007 12:00am

'Georgia hindering big protest rally'

Georgian opposition leaders accused President Mikhail Saakashvili on Thursday of trying to prevent a big anti-government rally planned for tomorrow and asked visiting Western officials to intercede on their behalf.

Published 02 Nov, 2007 12:00am

Myanmar comedian among 32 freed by junta

Beloved Myanmar comedian Par Par Lay was among 32 people freed from jail earlier this week after being arrested in late September's crackdown on anti-government protests, a spokesman for the National League of Democracy (NLD) party said Thursday.

Published 02 Nov, 2007 12:00am

UN Council urges more effort on Western Sahara talks

The UN Security Council exhorted Western Sahara's independence movement and Morocco on Wednesday to put more effort into talks on the territory's future that have marked time since opening in June.

Published 02 Nov, 2007 12:00am

Mogadishu violence displaces 88,000 people

Three days of fighting in the Somali capital Mogadishu displaced 88,000 people from their homes, adding to hundreds of thousands who fled violence earlier this year, the United Nations said on Thursday.

Published 02 Nov, 2007 12:00am

Another 50 Taliban killed

Afghan forces said on Thursday they had killed 50 more Taliban militants in the heaviest fighting in a western province. An operation by local and Nato troops to retake a district in the increasingly troubled Farah province from the hard-line rebels enter

Published 02 Nov, 2007 12:00am

US church fined for anti-gay Iraq war protest

A US jury ordered an evangelical church Wednesday to pay nearly 11 million dollars in damages for picketing the funeral of a Marine killed in Iraq and claiming the war was punishment for tolerating gays.

Published 02 Nov, 2007 12:00am

Merkel hails India

German Chancellor Angela Merkel ended a three-day visit to India on Thursday saying she was confident that improved business and political ties would help boost trade and global warming talks. "This journey pushed the relationship between Germany and Indi

Published 02 Nov, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 14	277.83
USD PKR Interbank Buying / Nov 14	277.63
USD to Japanese Yen / Nov 14	155.86
USD to Swiss Franc / Nov 14	0.89
Pound Sterling to USD / Nov 14	1.27
Euro to USD / Nov 14	1.06

Stock	Volume
S&P 500 / Nov 13	5,985.38
Nasdaq / Nov 13	19,230.72
Dow Jones / Nov 13	43,958.19
India Sensex / Nov 14	77,517.41
Tokyo Nikkei / Nov 14	38,680.99
Hang Seng / Nov 14	19,503.42
FTSE 100 / Nov 14	8,042.72
Germany DAX 30 / Nov 14	19,122.26

Item	Value
Gold 10 Grams PKR / Nov 12	231,911
Karachi Cotton PKR/37.32 KG / Nov 13	18,085
Crude Oil USD/Barrel / Nov 14	67.97
Gold Spot USD/Ounce / Nov 14	2,558.37
Cotton US¢/pound / Nov 14	71.10
Petrol/Litre / Nov 15	248.38

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▼ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▼ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▼ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.49 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▲ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	62.51 ▲ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.80 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▲ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 15 Worldcall Telecom Limited(WTL)	43,291,848 ▲ 0.00
Waves Home Appliances / Nov 15 Waves Home Appliances Limited(WAVESAPP)	33,201,636 ▲ 0.00
Pak Refinery / Nov 15 Pakistan Refinery Limited(PRL)	31,524,926 ▲ 0.00
K-Electric Ltd. / Nov 15 K-Electric Limited(KEL)	27,455,465 ▲ 0.00
Pak Elektron / Nov 15 Pak Elektron Limited(PAEL)	26,996,630 ▲ 0.00
Sui South Gas / Nov 15 Sui Southern Gas Company Limited(SSGC)	26,013,918 ▲ 0.00
The Searle Co. / Nov 15 The Searle Company Limited(SEARL)	25,704,933 ▲ 0.00
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