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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-11-02
Oil cake market rates

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
New York cocoa ends flat to higher

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 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

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 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

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
Modest trading on cotton market

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
Japan ends 'war on terror' mission

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
Oil slips after hitting above $96

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

'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

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'

'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
CBoT wheat settles lower

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
Brisk trading on grain market

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
Gold nears $800 an ounce

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
Tokyo rubber rises to almost 16-month high

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
Soya posts gains as crude soars

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
New York sugar closes mostly down

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
CBoT rice hits 10-year high

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
Australian wool indicator

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
Asian sugar: Indian exports to East Asia seen surging

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
Oil leaps to $96 high

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
Malaysian tin

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
Indian soyaoil futures higher

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
Gold higher in New York

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
US copper ends easier

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
Shanghai copper down

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
Squadron leader among nine officers killed near PAF Sargodha base

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

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

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
MGE spring wheat futures close mixed

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
Indian rupee retreats

Indian rupee retreats

The rupee rose to a near-decade high on Thursday after the US Federal Reserve trimmed interest rates, but the ascent was blocked by the Indian central bank, dealers said. The partially convertible rupee finished at 39.310/315 per dollar, off a peak of 39.
Published 02 Nov, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 01, 2007).

Published 02 Nov, 2007 12:00am
NPIW staff role lauded

NPIW staff role lauded

Industries Minister Jahangir Tareen has commended the project directors and other officials of National Programme for Improvement of Watercourses (NPIW) for the work they have done for timely implementation of the project.
Published 02 Nov, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (November 01, 2007) and the forecast for Friday (November 02, 2007).
Published 02 Nov, 2007 12:00am
FPCCI seeks cotton import from India by road

FPCCI seeks cotton import from India by road

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President Tanveer Ahmed Sheikh has said that government should allow the import of cotton from India by road so that millions of rupees could be saved which were being paid to shipping compan
Published 02 Nov, 2007 12:00am
EGKL assigned PE1 by Pacra, Nespak

EGKL assigned PE1 by Pacra, Nespak

Pacra and Nespak have assigned the developer grading of 'PE1' to Emaar Giga Karachi Limited (EGKL). The grading indicates very strong project execution capacity with most promising prospects of execution of real estate projects as per plan and the highest
Published 02 Nov, 2007 12:00am
156 Katchi Abadis gets ownership rights

156 Katchi Abadis gets ownership rights

Ownership rights have been ordered for the residents of 156 Katchi Abadis on state land in the province, including seven in Kasur district, on the directive of Chief Minister Punjab Chaudhry Pervaiz Elahi.
Published 02 Nov, 2007 12:00am
Government urged to confirm services of 3,500 doctors

Government urged to confirm services of 3,500 doctors

Pakistan Medical Association (PMA) has urged the government to confirm the services of 3,500 doctors working on ad-hoc basis in the province. Talking to Business Recorder here on Thursday, Dr Khalid Randhawa, President PMA said that "There are more
Published 02 Nov, 2007 12:00am
Pak-Japan defence ties growing: envoy

Pak-Japan defence ties growing: envoy

The ambassador to Japan, Kamran Niaz, has said that defence relations between Pakistan and Japan are growing with progression of time. In an interview with Japan's public broadcaster Nippon Hoso Kyokai, the ambassador said Pakistan respects Japan's sovere
Published 02 Nov, 2007 12:00am
Leading Gulf investors due shortly

Leading Gulf investors due shortly

A large number of Gulf investors from UAE, Bahrain, Qatar and Saudi Arabia will be visiting Pakistan to asses the investment scope in Pakistan, it is reliably learnt.
Published 02 Nov, 2007 12:00am
Musical concert held in memory of Daniel Pearl

Musical concert held in memory of Daniel Pearl

The US Consul General in Karachi, Kay L Anske, opened the fifth musical concert held here on Wednesday night in memory of slain American journalist Daniel Pearl and underscored the "ability of music to bridge differences among people."
Published 02 Nov, 2007 12:00am
Lease rates in old city areas increased

Lease rates in old city areas increased

Sindh Land Utilisation Department has increased the lease rates of leased property in old city areas of Karachi after the expiry of existing lease rates for these areas.
Published 02 Nov, 2007 12:00am
FWBL attains highest growth in key areas in 2006

FWBL attains highest growth in key areas in 2006

First Women Bank Limited (FWBL) attained the highest growth in all key areas of business in the year 2006. The Bank generated the highest-ever operational profits before tax of Rs 256 million. The total advances portfolio grew by Rs 610 million and achiev
Published 02 Nov, 2007 12:00am
Adamjee House sub-station gutted

Adamjee House sub-station gutted

A fire erupted at power supply sub-station of Adamjee House situated at I.I Chundrigar Road on Thursday morning, which was controlled later on. Officials of Fire Brigade Department, City District Government Karachi, told Business Recorder that fire
Published 02 Nov, 2007 12:00am
SSGC profit falls to Rs 286.076 million

SSGC profit falls to Rs 286.076 million

The profit after tax of Sui Southern Gas Company Limited (SSGC) has declined to Rs 286.076 million in the quarter, ending September 2007 as compared to Rs 360.644 million in the corresponding period last year. The board of directors of the company, in its
Published 02 Nov, 2007 12:00am
'Guest artists' won't get PPP tickets, says Badr

'Guest artists' won't get PPP tickets, says Badr

Pakistan Peoples Party (PPP)'s Secretary General Jehangir Badr has said that no more 'guest artists' would be accommodated at the time of the distribution of tickets to party workers. Badar was addressing a press conference at the Karachi Press Club on Th
Published 02 Nov, 2007 12:00am
Applications invited for LCCI polls

Applications invited for LCCI polls

The Founders Group on Thursday has invited applications from the candidates fixed deadline for submission till November 3 for the forthcoming LCCI polls scheduled for November 27 and 28. The decision came in a meeting on Thursday, headed by the Founders G
Published 02 Nov, 2007 12:00am
HCCI elections on November 26

HCCI elections on November 26

The Hyderabad Chamber of Commerce and Industry Elections 2007-08 will be held in November, 2007. The Fourteenth Executive Committee Meeting held under the Chairmanship of President, Yousuf Suleman approved the schedule of Chambers Elections 2007-08.
Published 02 Nov, 2007 12:00am
Work on QIE phase-II begins

Work on QIE phase-II begins

Development work on phase II of Quaid-i-Azam Industrial Estate (QIE) has initiated costing Rs 200,000. Earlier, development work of Phase I has been completed in a transparent manner under the supervision of President Quaid-e-Azam Industrial Estate Mian N
Published 02 Nov, 2007 12:00am
United Christian convention inaugurated

United Christian convention inaugurated

Bishop of Lahore Dr Alexander John Malik Bishop of Lahore has inaugurated the four day 29th United Christian Convention at Cathedral Church on Thursday. While addressing on the occasion, he said that we should follow the teachings of God to end the increa
Published 02 Nov, 2007 12:00am
Smooth transition of power suggested

Smooth transition of power suggested

Speakers at a seminar feared on Thursday of an insurgency in case of any fresh military intervention in the state affairs, suggesting smooth transition of power to civilian set up.
Published 02 Nov, 2007 12:00am
'Implementation of free market creates imbalance'

'Implementation of free market creates imbalance'

The implementation of a free market in any country creates imbalance, in case of Pakistan the consequences have been quite catastrophic in terms of income distribution, increase in aggregate and market concentration, poverty levels, social strife which ha
Published 02 Nov, 2007 12:00am
OUP organises annual book festival

OUP organises annual book festival

Oxford University Press is holding its keenly awaited annual Oxford Book Festival in twenty-nine cities and towns of Pakistan from November 1 to 30 November.
Published 02 Nov, 2007 12:00am
LUMS ahead to materialise students' creative ideas

LUMS ahead to materialise students' creative ideas

The Lahore University of Management is facilitating its students to materialise their creative ideas by providing them with a better environment. LUMS' vice-chancellor Syed Zahoor Hassan said this here on Wednesday at a launching ceremony of "Enspire maga
Published 02 Nov, 2007 12:00am
UVAS striving for excellence in education, research

UVAS striving for excellence in education, research

University of Veterinary and Animal Sciences (UVAS) Lahore Vice Chancellor Professor Dr Muhammad Nawaz has said the university's vision is excellence in education and research.
Published 02 Nov, 2007 12:00am
Sugarcane growers will suffer Rs five per maund loss

Sugarcane growers will suffer Rs five per maund loss

Sugarcane growers will suffer a loss of five rupees per maund in the current season because the Punjab Agriculture Department has fixed the new cost of sugarcane production that is 65 rupees per maund, while the rate fixed by the provincial government was
Published 02 Nov, 2007 12:00am
Delay in sugarcane crushing can cause losses to farmers

Delay in sugarcane crushing can cause losses to farmers

The Kisan Board Pakistan (KBP) has warned that farmers must bear a huge loss if crushing of sugarcane is delayed, because it would lead to delay in sowing wheat. KBP President Sardar Zafar Hussain Khan in a statement here on Thursday claimed that sugar mi
Published 02 Nov, 2007 12:00am
Arbab's alleged remarks: SHC directs reporters to file affidavits

Arbab's alleged remarks: SHC directs reporters to file affidavits

Sindh High Court's (SHC) larger bench on Thursday adjourned till November 12 the hearing in contempt of court case against Sindh Chief Minister, Dr Arbab Ghulam Rahim, based on his alleged remarks about chalking and banners against SHC Chief Justice, Just
Published 02 Nov, 2007 12:00am
Hearing postponed

Hearing postponed

The Lahore High Court has put off the hearing for further arguments in a petition by a man named Attique Rabbani Butt seeking the custody of his seven-year-old British national son, Umar Butt, from his former wife Sadia Butt living in Pakistan.
Published 02 Nov, 2007 12:00am
GCU to hold moot on 'statistical sciences'

GCU to hold moot on 'statistical sciences'

The Statistics Department of GC University Lahore is holding a two-day International Conference on "statistical sciences" on November 7 and 8 with the main theme of survival data analysis but papers from other areas of Statistics would also be presented i
Published 02 Nov, 2007 12:00am
PML-Q will never hand over Dr Qadeer to US: Perveiz

PML-Q will never hand over Dr Qadeer to US: Perveiz

Punjab Chief Minister Chaudhry Perveiz Elahi has asked the Muslim Leaguers not to cast their votes in favour of those who betrayed them in the past and they should exercise their right of vote in favour of PML-Q so that PPP could be defeated with great ma
Published 02 Nov, 2007 12:00am
Engro Foods gives Rs 4.5 million to WWF-P's project

Engro Foods gives Rs 4.5 million to WWF-P's project

Engro Foods have contributed Rs 4.5 million to World Wide Funds for Nature-Pakistan (WWF-P)'s Indus Dolphin Conservation project. A WWF-P's spokesperson here on Thursday said Engro and WWF-P had joined to conserve the Indus Dolphin and held a ceremony to
Published 02 Nov, 2007 12:00am
Saifullah proposes all parties' conference

Saifullah proposes all parties' conference

Federal Minister for Inter-Provincial Co-ordination Salim Saifullah Khan said on Thursday that all political parties must sit together in a conference to evolve a collective strategy for improving law and order situation and ensuring smooth, peaceful gene
Published 02 Nov, 2007 12:00am
'Involvement of foreign hand cannot be ruled out in Swat'

'Involvement of foreign hand cannot be ruled out in Swat'

Federal Minister for Railways, Sheikh Rasheed Ahmad on Thursday said involvement of foreign hand in Swat unrest cannot be ruled out. "No Muslim can slit the throat of his Muslim brethren and the brutal killing of people in Swat create suspicion in the min
Published 02 Nov, 2007 12:00am
Soomro condemns suicide attack on bus

Soomro condemns suicide attack on bus

Senate Chairman Mohammedmian Soomro has strongly condemned the suicide attack on a bus carrying government officials near Sargodha. He termed it as a heinous act committed by anti-state elements, devoid of basic human values.
Published 02 Nov, 2007 12:00am
Police asked to provide people speedy relief

Police asked to provide people speedy relief

Chairman Public Safety Commission (PSC) Muhammad Mohsin Chaudhry, stressing the need for in-time solution of the problems faced by the oppressed people and providing them with speedy relief, has asked the police authorities to accelerate their efforts for
Published 02 Nov, 2007 12:00am
Hashmi expresses no-trust in Election Commission

Hashmi expresses no-trust in Election Commission

Pakistan Muslim League (Nawaz) acting president Javed Hashmi on Thursday blamed President Musharraf for creating a confrontation between people and armed forces merely to 'delay general elections'. PML-N secretary general, Iqbal Zafar Jhagra was also pres
Published 02 Nov, 2007 12:00am
Protest against Swat violence held

Protest against Swat violence held

Citizens belonging to Swat region living in Islamabad staged a peaceful protest against the violence at their home. The protestors urged both the government and militants to stop use of force and appealed the local political leaders to come forward to set
Published 02 Nov, 2007 12:00am
'New transport policy to be implemented next year'

'New transport policy to be implemented next year'

Pakistan Government is preparing National Transport Policy (NTP), which will be implemented next year 2008 with the co-operation of Asian Development Bank. According to official sources, the Ministry of Communications (MoC) is working with National Highwa
Published 02 Nov, 2007 12:00am
FBR collects Rs 264.5 billion during July-October

FBR collects Rs 264.5 billion during July-October

The Federal Board of Revenue (FBR) has collected Rs 264.5 billion in the first four months of 2007-2008 against target of Rs 264.1 billion, reflecting an increase of Rs 0.4 billion.
Published 02 Nov, 2007 12:00am
FTO discusses tax-related issues with ICCI president

FTO discusses tax-related issues with ICCI president

Federal Tax Ombudsman (FTO) Former Justice Munir A. Sheikh on Thursday visited Islamabad Chamber of Commerce and Industry (ICCI) where he discussed tax related problems that being faced by the business community of the federal capital.
Published 02 Nov, 2007 12:00am
FBR delays implementation of allocation of line members' powers

FBR delays implementation of allocation of line members' powers

On serious reservations of some members, the Federal Board of Revenue (FBR) has decided to postpone notifying the new powers/jurisdiction of the line members and their previous powers would continue till the finalisation of revised procedure in consultati
Published 02 Nov, 2007 12:00am
Misuse of PCCS

Misuse of PCCS

Unscrupulous importers have been taking advantage of the loopholes in Pakistan Customs Clearance System (PCCS) through submission of fake credentials for obtaining registration numbers. In an interview with Business Recorder, FBR Member (Customs) S
Published 02 Nov, 2007 12:00am
Gujarat tragedy revisited

Gujarat tragedy revisited

Under the thin veneer of secularism lies the chilling reality of extremist Hinduism in India. This fact comes to light sometimes by accident or thanks to the free spirit of independent media. The case in point, is the massacre of some 2000 Muslims in the
Published 02 Nov, 2007 12:00am
Pivotal role of Aga Khan in Pakistan Movement

Pivotal role of Aga Khan in Pakistan Movement

Sir Sultan Mahomed Shah Aga Khan (1877-1957) was the 48th hereditary Imam of the Shia Ismaili Muslims. Through his intimate knowledge of diverse cultural traditions, he was uniquely placed to play a significant role in the international affairs of his tim
Published 02 Nov, 2007 12:00am
Myanmar's military believes country will fall apart without them

Myanmar's military believes country will fall apart without them

US professor and Myanmar expert David Steinberg said he has witnessed a new development in the past month in the South-East Asian country. "It is the first time ever that people actually said, 'I hate the military.' I had never heard it like that before,"
Published 02 Nov, 2007 12:00am
India readies food safety agency after pesticide concerns

India readies food safety agency after pesticide concerns

India will establish a food safety agency by the end of the year that will set stricter standards and institute recall procedures in a country where many now fear their food is not fit to eat. The country jump-started the process of overhauling its food l
Published 02 Nov, 2007 12:00am
Illegal 'selection' in Karachi Chamber

Illegal 'selection' in Karachi Chamber

The business community, while acknowledging the role of the opposition in a democratic environment, and while understanding the right to dissent and the right to agitate, sometimes looks the other way when it comes to its own organisations.
Published 02 Nov, 2007 12:00am
US MIDDAY: gold futures retreat

US MIDDAY: gold futures retreat

Gold futures in New York retreated early on Thursday after they breached $800 on Wednesday, as investors took profits on crude's decline, the dollar rise and weakness in the stock market. However, a near-record low in the US currency and robust energy pri
Published 02 Nov, 2007 12:00am
US MIDDAY: soyabeans fall

US MIDDAY: soyabeans fall

Soyabean futures at the Chicago Board of Trade fell early on Thursday, tracking the weakness in crude oil and soyabean oil, traders said. Crude oil fell more than $2 a barrel early on profit-taking after surging to a record above $96 made earlier.
Published 02 Nov, 2007 12:00am
US MIDDAY: copper hits seven-week low

US MIDDAY: copper hits seven-week low

US copper futures slipped to their lowest level in seven weeks early on Thursday as speculators dumped positions amid worries about economic growth and its effect on demand for the industrial metal, traders said.
Published 02 Nov, 2007 12:00am
US MIDDAY: wheat limit down

US MIDDAY: wheat limit down

Wheat futures on the Chicago Board of Trade and the Kansas City Board of Trade fell their daily limit of 30 cents a bushel in technical moves late Thursday, with disappointing exports adding pressure, traders said. CBOT corn and soybean futures were dragg
Published 02 Nov, 2007 12:00am
US MIDDAY: corn lower

US MIDDAY: corn lower

Corn futures on the Chicago Board of Trade were lower early on Thursday on spillover pressure from falling crude oil and gold, traders said. Traders said the volatility in the outside markets continued to dictate the price direction in corn futures.
Published 02 Nov, 2007 12:00am
US MIDDAY: sugar plunges

US MIDDAY: sugar plunges

Raw sugar futures settled lower early on Thursday as producer sales beat back early fund buying, with brokers saying the inability of sugar to march higher despite a rally in crude oil may lead to more losses in the market.
Published 02 Nov, 2007 12:00am
US MIDDAY: cocoa firms

US MIDDAY: cocoa firms

US cocoa ended the pit session higher early on Thursday, as the weak dollar provided buying incentive and while players continued to roll out of the spot month into March, dealers said. In open-outcry trade, the ICE December contract closed up 1.5 percent
Published 02 Nov, 2007 12:00am
US MIDDAY: coffee higher

US MIDDAY: coffee higher

ICE arabica coffee futures closed higher early on Thursday, as the strong Liffe robusta market dragged prices higher and December/March spreading significantly boosted volume, traders said. The ICE benchmark December arabica contract trading in the pit cl
Published 02 Nov, 2007 12:00am
European gold springs back, weighed by oil drop

European gold springs back, weighed by oil drop

Gold pulled back from a 28-year high on Thursday, retracing just before the key $800 mark after a fall in oil prices and a recovery in the dollar. Analysts said a period of consolidation would be healthy for the market and provide a solid base for a march
Published 02 Nov, 2007 12:00am
Copper falls to seven-week low

Copper falls to seven-week low

Copper prices slipped to seven-week lows on Thursday after weak US data reinforced worries about rising stocks and Chinese sales, while zinc hit an eight-week low and aluminium touched a two-week high.
Published 02 Nov, 2007 12:00am
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