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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-11-28
Argentina sells 13.505 million tonnes corn

Argentina sells 13.505 million tonnes corn

Argentine export commitments of 2006/07 corn stood at 13.505 million tonnes by November 23, unchanged from a week earlier, the Agriculture Secretariat said in its latest weekly report. By the same date last year, Argentina had sold 8.585 million tonnes of
Published 28 Nov, 2007 12:00am
Musharraf bids farewell to arms

Musharraf bids farewell to arms

President Pervez Musharraf paid a ceremonial farewell to his troops Tuesday, a day before he bows to world wide pressure and quits as army chief to become a civilian leader. Amid mounting anger over his three-week-old state of emergency, the embattled US
Published 28 Nov, 2007 12:00am
Argentine wheat sales rise

Argentine wheat sales rise

Argentine 2006/07 wheat export commitments rose to 8.895 million tonnes by November 23, the Agriculture Secretariat said in its latest weekly report. By the same date last year, Argentina, a top-five wheat exporter, had sold 8.17 million tonnes of the gra
Published 28 Nov, 2007 12:00am
Musharraf bids farewell to arms

Musharraf bids farewell to arms

President Pervez Musharraf paid a ceremonial farewell to his troops Tuesday, a day before he bows to world wide pressure and quits as army chief to become a civilian leader. Amid mounting anger over his three-week-old state of emergency, the embattled US
Published 28 Nov, 2007 12:00am
Global soyaoil output below demand: Oil World

Global soyaoil output below demand: Oil World

Global October 2007/September 2008 soyaoil production of 39.52 million tonnes will be below consumption of 40.02 million tonnes, Hamburg-based oilseeds analysts Oil World forecast. This compares to estimated 2006/07 production of 36.75 million tonnes and
Published 28 Nov, 2007 12:00am
Nawaz says he's trying to convince Benazir to boycott polls

Nawaz says he's trying to convince Benazir to boycott polls

Former premier and Pakistan Muslim League-Nawaz (PML-N) leader Nawaz Sharif on Monday said boycotting the January 8, 2008, elections was the only solution to the problems confronting the country and the nation and that he was trying to convince all the pa
Published 28 Nov, 2007 12:00am
FOB Gulf corn and soya offers hold steady

FOB Gulf corn and soya offers hold steady

US FOB Gulf corn and soyabean basis offers held steady on Monday, supported by tight loading capacity for December and strong export demand, traders said. Hard red winter wheat offers rose following a sharp drop in futures prices as grain followed outside
Published 28 Nov, 2007 12:00am
Nawaz says he's trying to convince Benazir to boycott polls

Nawaz says he's trying to convince Benazir to boycott polls

Former premier and Pakistan Muslim League-Nawaz (PML-N) leader Nawaz Sharif on Monday said boycotting the January 8, 2008, elections was the only solution to the problems confronting the country and the nation and that he was trying to convince all the pa
Published 28 Nov, 2007 12:00am
Indonesian palm oil prices firm

Indonesian palm oil prices firm

Indonesian crude palm oil prices had a firmer bias on Tuesday, underpinned by a weakening rupiah currency and despite the impact of Malaysian prices retreating from a record high. Cooking oil prices were depressed, however, amid uncertainty over tax subsi
Published 28 Nov, 2007 12:00am
Kinnow export to Russia starts this week

Kinnow export to Russia starts this week

Following the lifting of ban by Russia last week, Pakistan will start exporting kinnow in a day or two, officials of Pakistan Horticulture Development and Export Board (PHDEB) told Business Recorder on Tuesday.
Published 28 Nov, 2007 12:00am
CBOT corn futures down

CBOT corn futures down

Corn futures on the Chicago Board of Trade ended lower on Monday as players took profits amid a downturn in crude oil, lower wheat and a lack of bullish momentum in soy, traders said. "You have to keep an eye on crude all the time. The corn market just do
Published 28 Nov, 2007 12:00am
Kinnow export to Russia starts this week

Kinnow export to Russia starts this week

Following the lifting of ban by Russia last week, Pakistan will start exporting kinnow in a day or two, officials of Pakistan Horticulture Development and Export Board (PHDEB) told Business Recorder on Tuesday.
Published 28 Nov, 2007 12:00am
CBoT wheat lower

CBoT wheat lower

Wheat futures on the Chicago Board of Trade closed lower on Monday as traders booked profits after nearby contracts set one-month highs early, traders said. Declines in other commodities, including corn and crude oil, added pressure.
Published 28 Nov, 2007 12:00am
Kinnow export to Russia starts this week

Kinnow export to Russia starts this week

Following the lifting of ban by Russia last week, Pakistan will start exporting kinnow in a day or two, officials of Pakistan Horticulture Development and Export Board (PHDEB) told Business Recorder on Tuesday.
Published 28 Nov, 2007 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was again seen in the forward cottonseed oilcake market on Tuesday as buyers were active to make new deals, dealers said. The December vaida opened with Rs 4.00 gain at Rs 594 and closing was seen at the same level, they said.
Published 28 Nov, 2007 12:00am
Ginners resume buying phutti, activity picks up

Ginners resume buying phutti, activity picks up

Trading of seedcotton restarted as ginners ignored the call to stop purchasing of phutti due to contamination, dealers said on the cotton market on Tuesday. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3075, dealers said.
Published 28 Nov, 2007 12:00am
Bangladesh tea prices up

Bangladesh tea prices up

The average price of Bangladesh teas rose slightly to 89.32 taka ($1.30) per kg at the weekly auction on Tuesday, brokers said. "Nearly 1.87 million kg were sold at an average price of 89.32 taka per kg, up 0.11 taka from the previous sale.
Published 28 Nov, 2007 12:00am
Wheat prices sharply up on grain market

Wheat prices sharply up on grain market

Wheat prices were higher on the grain market on Tuesday as supply was tight and the news that some countries refused to take part in bidding the wheat import tender, dealers added.
Published 28 Nov, 2007 12:00am
MGE spring wheat settles lower

MGE spring wheat settles lower

Spring wheat futures at the Minneapolis Grain Exchange closed mostly lower on Monday, retreating on profit-taking after the spot December contract set a seven-week high overnight, traders said. "People were quick to sell as they realised there was no foll
Published 28 Nov, 2007 12:00am
Vietnam coffee: harvest picks up, price ease

Vietnam coffee: harvest picks up, price ease

Harvesting of Vietnam's robusta coffee crop has been picking up after disruption in the past month due to rains, and farmers said on Tuesday they could complete the process next month. Growers and hired workers were out on the field in Daklak, Vietnam's t
Published 28 Nov, 2007 12:00am
New York cocoa futures fall

New York cocoa futures fall

US cocoa futures slumped late in the session to close lower on Monday on fund liquidation, dealers said. "Last week we'd seen industry buying every day and essentially had a bit of a rally in the market. Today, it's been lackluster trading and most other
Published 28 Nov, 2007 12:00am
New York arabica coffee knocked down

New York arabica coffee knocked down

US arabica coffee futures ended down on Monday, near a one-week low, as players returned from four days off to selling in London robusta coffee and a drop in the Brazilian real against the dollar, traders said. "Robusta was coming off and if you look at t
Published 28 Nov, 2007 12:00am
US copper futures up

US copper futures up

US copper futures closed higher on Monday, as follow-through short covering from last week boosted values and traders sped up contract rollover from December into March, dealers said. Copper for December delivery settled at $3.0230 a lb on the New York Me
Published 28 Nov, 2007 12:00am
US gold gains

US gold gains

US gold futures finished just a tad higher in choppy, heavy trade on Monday after reaching a two-week high, as credit market fears and falling crude oil prices took a toll on bullish sentiment based on a weaker dollar.
Published 28 Nov, 2007 12:00am
Gold defies credit woes

Gold defies credit woes

Gold gained on Tuesday as a weak US dollar spurred buying from bargain hunters and helped the metal defy selling pressure from falling crude oil and shares. Spot gold rose to $827.20/828.00 from $824.70/825.40 late in New York on Monday, when it hit a two
Published 28 Nov, 2007 12:00am
Indian soyaoil futures drop

Indian soyaoil futures drop

Indian soyaoil futures fell on Tuesday, tailing lower rival palm oil in Malaysia, with the drop cushioned by an increase in base export prices of crude palm oil by Indonesia. By 3:33 pm (1003 GMT), the December contract on the National Commodity and Deriv
Published 28 Nov, 2007 12:00am
Oil falls more than $1 on Opec

Oil falls more than $1 on Opec

Oil fell by more than $1 on Tuesday on expectations that Opec may increase output and following a decline in US share prices. US oil fell $1.02 to $96.68 a barrel, after dropping 48 cents in the previous session. London Brent crude fell by 84 cents to $94
Published 28 Nov, 2007 12:00am
Malaysian tin

Malaysian tin

Malaysian tin closed unchanged on Tuesday due to a technical correction against London Metal Exchange prices, one dealer said.
Published 28 Nov, 2007 12:00am
Shanghai copper falls

Shanghai copper falls

Shanghai copper slipped on Tuesday on growing worries about demand, while zinc regained some lost ground on fresh comments on China's output outlook. The February copper contract, the most active on the Shanghai Futures Exchange, was down 180 yuan, or 0.3
Published 28 Nov, 2007 12:00am
New York sugar sags to easier close

New York sugar sags to easier close

Raw sugar futures settled slightly softer on Monday due to sales by small speculators as the market came out of a long holiday weekend in a subdued mood, brokers said. The sugar market was shut on Thursday and Friday for Thanksgiving.
Published 28 Nov, 2007 12:00am
Soyabeans end firm

Soyabeans end firm

Soyabean futures at the Chicago Board of Trade rose on Monday amid ongoing export business with China, concerns about the South America crop and the 2008 battle for US acres, traders said.
Published 28 Nov, 2007 12:00am
CBoT rice lower

CBoT rice lower

Chicago Board of Trade rough rice futures closed lower on Monday amid commercial hedge sales as the move to an all-time high spurred farmers to price their crops, traders said. The market was also doing for a setback as prices are at historical highs give
Published 28 Nov, 2007 12:00am
Tokyo rubber dips

Tokyo rubber dips

Tokyo rubber futures slipped on Tuesday as selling gained momentum on a decline in crude oil prices and a firm yen. Benchmark rubber for May 2008 delivery, which debuted on Tuesday, was trading at 275.6 yen per kg on the Tokyo Commodity Exchange, compared
Published 28 Nov, 2007 12:00am
Malaysian palm oil drops

Malaysian palm oil drops

Malaysian crude palm oil futures dropped 1.7 percent on Tuesday, drawing back from a record high hit the day before as players seized the opportunity to sell after crude and soyaoil markets declined in Asian trade.
Published 28 Nov, 2007 12:00am
'Russian inflation risks remain high'

'Russian inflation risks remain high'

Russia's Economy Ministry raised its annual 2007 consumer price index (CPI) growth forecast by half of a percentage point to 11.00-11.5 percent on Tuesday, less than one week ahead of the parliamentary election.
Published 28 Nov, 2007 12:00am
British finance chief defends Northern Rock bailout

British finance chief defends Northern Rock bailout

Britain's under-fire finance minister Alistair Darling on Tuesday defended his government's decision to support troubled bank Northern Rock, arguing it was in the best interests of the economy.
Published 28 Nov, 2007 12:00am
Confidence, CPI data strengthens hand of ECB hawks

Confidence, CPI data strengthens hand of ECB hawks

Business confidence rose this month in Germany and France, data showed on Tuesday, suggesting the eurozone's two largest economies may be coping better than expected with the strong euro and record high oil prices.
Published 28 Nov, 2007 12:00am
US home prices tumble, consumer confidence sinks

US home prices tumble, consumer confidence sinks

Housing and credit troubles took more of a toll on the US economy as prices on pre-owned single-family homes tumbled in the third quarter and consumer confidence in November sank to a two-year low, reports on Tuesday showed.
Published 28 Nov, 2007 12:00am
Sarkozy presses US, Japan over deficits and foreign exchange

Sarkozy presses US, Japan over deficits and foreign exchange

French President Nicolas Sarkozy called on Tuesday for joint action on foreign exchange imbalances, urging the United States to cut its budget and current account deficits and calling on Japan to review the value of the yen.
Published 28 Nov, 2007 12:00am
Tokyo guide sells out in two days

Tokyo guide sells out in two days

The first Tokyo edition of France's Michelin guide, which gave the city an unprecedented number of stars, has broken another record by selling out in 48 hours, the publisher said Tuesday. Nearly all 90,000 copies of the influential red book's first versio
Published 28 Nov, 2007 12:00am
Recession risks have risen: White House

Recession risks have risen: White House

The risk that the US economy slips into recession has climbed but is still not that high, a top White House economic advisor said on Tuesday. "Obviously, the chances of a recession are higher now than they were a year ago, but we still think it's less tha
Published 28 Nov, 2007 12:00am
Cuba's economy still hot with growth at 10 percent

Cuba's economy still hot with growth at 10 percent

Cuba's economy is expected to grow about 10 percent in 2007, fuelled by a jump in factory and farm output, in the country's third straight year of double-digit growth, the official media reported on Tuesday.
Published 28 Nov, 2007 12:00am
China should prevent broad inflation: Hu

China should prevent broad inflation: Hu

China must not loosen macro economic controls and should prevent rapid price rises in some sectors from escalating into broader inflation, President Hu Jintao said on Tuesday.
Published 28 Nov, 2007 12:00am
US plans GPS satellite navigation upgrade

US plans GPS satellite navigation upgrade

The US military is working on super-powerful updates to its GPS satellite navigation technology to try to trump the rival European Galileo project which just received key funding, experts say.
Published 28 Nov, 2007 12:00am
Sanyo back in black, makes big push in batteries

Sanyo back in black, makes big push in batteries

Japan's ailing Sanyo Electric unveiled plans on Tuesday to invest 3.2 billion dollars in rechargeable batteries and other businesses as it reported a return to the black for the fiscal first half.
Published 28 Nov, 2007 12:00am
Saudi Arabia raises oil pumping to 9 million barrels per day

Saudi Arabia raises oil pumping to 9 million barrels per day

Saudi Oil Minister Ali al-Naimi said on Tuesday the world's top oil exporter had raised output to 9 million barrels per day (bpd) in line with Opec's November 1 agreement, but offered no clues about the group's next meeting.
Published 28 Nov, 2007 12:00am
China, eurozone to work on currencies and trade

China, eurozone to work on currencies and trade

China and the 13 countries using the single European currency agreed on Tuesday to cooperate to reduce global economic imbalances while heading off lurches in exchange rates.
Published 28 Nov, 2007 12:00am
War hits Sri Lanka tourism arrivals

War hits Sri Lanka tourism arrivals

Sri Lanka said on Tuesday that tourist arrivals had fallen sharply amid the tropical island's intensifying ethnic conflict. Tourist arrivals had dropped 20 percent over the 10 months to October to 387,790 compared with the same period last year, Sri Lanka
Published 28 Nov, 2007 12:00am
Saudi firm wins 26 percent of new Kuwait mobile operator

Saudi firm wins 26 percent of new Kuwait mobile operator

Saudi Telecom (STC), the largest Arab telecom firm, has won a 26-percent stake in Kuwait's third mobile company, expected to start operating next year, the Kuwait Investment Authority said on Tuesday.
Published 28 Nov, 2007 12:00am
Poland to lift block on Russia's WTO entry bid

Poland to lift block on Russia's WTO entry bid

Poland will lift its veto on Russia's bid to join the World Trade Organisation (WTO), Prime Minister Donald Tusk announced Tuesday. "I informed the Russian side that Poland abandoned its block on these talks," Tusk told reporters.
Published 28 Nov, 2007 12:00am
South African economic growth quickens

South African economic growth quickens

South Africa's economic growth quickened in the third quarter, pointing to an economy shrugging off higher interest rates and keeping the door open for another rate increase next week.
Published 28 Nov, 2007 12:00am
Tesco's US stores start well

Tesco's US stores start well

British retailer Tesco's US stores have started well, it said on Tuesday, as the chain faced new protests from community groups who fear its marketing promises are not being translated into reality.
Published 28 Nov, 2007 12:00am
India may ease foreign loan rules for infrastructure

India may ease foreign loan rules for infrastructure

India is considering making it easier for infrastructure firms to borrow overseas, but wider rules limiting the use of foreign loans are central to macroeconomic policy and will stay, a minister said on Tuesday.
Published 28 Nov, 2007 12:00am
Toyota simulator aims to eliminate traffic deaths

Toyota simulator aims to eliminate traffic deaths

Toyota Motor Corp unveiled on Monday what it called the world's most true-to-life driving simulator to help it develop new safety features and reach its ultimate goal of eliminating all traffic deaths.
Published 28 Nov, 2007 12:00am
China's bunker sales seen steady while trade soars

China's bunker sales seen steady while trade soars

China's bunker sales volume is expected to remain steady in 2007 despite the growth in the country's foreign trade, which is mainly by sea, industry officials said on Tuesday.
Published 28 Nov, 2007 12:00am
Swiss input price inflation up

Swiss input price inflation up

Swiss input price inflation picked up in October due to higher import costs, data showed on Tuesday, but the rise was lower than expected, giving the Swiss National Bank leeway to hold interest rates in December.
Published 28 Nov, 2007 12:00am
High oil a threat to prices stability: RBI

High oil a threat to prices stability: RBI

India's financial system is on a sound footing, although risks to stability from external sources persist and high and volatile oil prices are a key danger for inflation, the Reserve Bank of India (RBI) said on Tuesday.
Published 28 Nov, 2007 12:00am
Thai foreign business rules debate looms

Thai foreign business rules debate looms

Thailand's controversial Foreign Business Act, which proposes tighter rules on future foreign investment, will go back to parliament early next month, Commerce Minister Krirkkrai Jirapaet said on Friday.
Published 28 Nov, 2007 12:00am
Nigerian economy grows

Nigerian economy grows

Nigerian gross domestic product (GDP) grew at 6.05 percent year-on-year in the third quarter versus 5.73 percent in the preceding quarter, the central bank said on Monday. The growth was driven by the non-oil sector, which grew by 9.47 percent from July t
Published 28 Nov, 2007 12:00am
Indonesia 2008 growth seen slower, deficit wider

Indonesia 2008 growth seen slower, deficit wider

Indonesia's economic growth is likely to be slower than expected next year and the budget deficit may widen if oil prices are at $100 a barrel, the finance minister said on Tuesday.
Published 28 Nov, 2007 12:00am
Britain to decide next month on controversial tax move

Britain to decide next month on controversial tax move

British finance minister Alistair Darling told business chiefs Tuesday that his Labour government would make a final decision next month on controversial plans to reform company tax rules.
Published 28 Nov, 2007 12:00am
No risk of litas devaluation, says Lithuanian Prime Minister

No risk of litas devaluation, says Lithuanian Prime Minister

Lithuania's Prime Minister Gediminas Kirkilas told Reuters on Monday there was no risk of a litas devaluation despite persistent speculation about Baltic currencies. "There is no reason to devalue the litas, and it is going to remain firm," Kirkilas said.
Published 28 Nov, 2007 12:00am
Malaysia fuel price hike will push inflation: forecast

Malaysia fuel price hike will push inflation: forecast

Malaysian fuel prices could rise by more than 20 percent early next year, in a "painful" move that would push inflation up to 3.2 percent in 2008, an independent think tank said Tuesday.
Published 28 Nov, 2007 12:00am
Singapore wages rise amid tight labour market

Singapore wages rise amid tight labour market

Monthly wages in Singapore rose 7.7 percent to S$2,330 ($1,620) in the 12 months to June 2007, according to the median of an official survey, as a tight labour market and strong economic growth continued to fuel inflation.
Published 28 Nov, 2007 12:00am
Hong Kong shares decline

Hong Kong shares decline

Investors sold off Hong Kong stocks on Tuesday as they fretted about what more would come from the credit crisis after HSBC Holdings sought to bail out its two structured investment vehicles with funding of up to $35 billion.
Published 28 Nov, 2007 12:00am
US stocks finish lower on credit woes

US stocks finish lower on credit woes

US stocks tumbled on Monday as investors worried rising mortgage defaults and credit market losses will drag on the economy, fuelling fears that consumers will slash spending during the vital holiday season.
Published 28 Nov, 2007 12:00am
Taiwan stocks slump

Taiwan stocks slump

Taiwan stocks fell 1.8 percent on Tuesday, hurt by index heavyweights such as TSMC as a major sell-off on Wall Street raised concerns over slower technology demand next year. The main TAIEX index dropped 152.57 points to close at 8,375.76, after sliding t
Published 28 Nov, 2007 12:00am
US Treasury prices surge

US Treasury prices surge

US Treasuries surged on Monday, posting the biggest single-day gains in over three years, as increasing credit market strains caused investors to aggressively seek the relative safety of government bonds.
Published 28 Nov, 2007 12:00am
US Treasury prices surge

US Treasury prices surge

US Treasuries surged on Monday, posting the biggest single-day gains in over three years, as increasing credit market strains caused investors to aggressively seek the relative safety of government bonds.
Published 28 Nov, 2007 12:00am
Singapore shares slip

Singapore shares slip

Singapore shares closed 1.34 percent lower on Tuesday after US stocks tumbled, dealers said. The Straits Times Index fell 45.94 points to 3,372.64. Volume was 1.75 billion shares valued at 2.11 billion Singapore dollars (1.47 billion US). Declining issues
Published 28 Nov, 2007 12:00am
Thai share prices fall

Thai share prices fall

Thai share prices closed 1.18 percent lower on Tuesday as investors remained jittery over the fallout from the US subprime loan crisis, dealers said. They said selling spread across the board following heavy losses on Wall Street on fears of a looming rec
Published 28 Nov, 2007 12:00am
Tokyo stocks up

Tokyo stocks up

Japanese stocks ended up on Tuesday after a day of volatile trade that saw the benchmark Nikkei cover a 510-point range, with moves both up and down led by banking shares such as Mizuho Financial Group
Published 28 Nov, 2007 12:00am
Chinese stock index drops two percent

Chinese stock index drops two percent

Chinese shares slid 2 percent to a three-month closing low on Tuesday, led by further declines in index heavyweight PetroChina and other large-cap stocks after subprime worries rattled global stock markets.
Published 28 Nov, 2007 12:00am
Indian shares tumble

Indian shares tumble

Indian share prices closed down 0.62 percent on Tuesday, snapping two days of gains amid fears that the US housing slump and credit crunch could derail American economic growth, dealers said. They said Asian markets recovered marginally after opening shar
Published 28 Nov, 2007 12:00am
Jakarta shares slightly down

Jakarta shares slightly down

Indonesian shares closed 0.8 percent lower on Tuesday after overnight losses on Wall Street due to fresh fears for the US economy, dealers said. Late buying in some resources and property stocks pared the overall loss, they added.
Published 28 Nov, 2007 12:00am
Chinese yuan hits new high

Chinese yuan hits new high

China's yuan rose against the dollar for a third session in a row and closed at a post-revaluation high on Tuesday after French President Nicolas Sarkozy called for a stronger yuan but dealers said a market correction appeared likely in the near term.
Published 28 Nov, 2007 12:00am
Tokyo dollar rallies

Tokyo dollar rallies

The dollar jumped against the yen on Tuesday as investors took Citigroup Inc's news that it would sell a stake to the Abu Dhabi government as a sign that financial institutions were recovering from a meltdown in the US subprime mortgage market and the res
Published 28 Nov, 2007 12:00am
Stocks plunge pushes dollar to 2-1/2-year low

Stocks plunge pushes dollar to 2-1/2-year low

The dollar slid further to a fresh 2-1/2-year low against the yen on Monday in line with falls in US equities, as renewed credit worries affirmed expectations that more US rate cuts are imminent.
Published 28 Nov, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 68.60/68.61 (previous 68.61/68.61). Call Money Rates: 6.50-10.50 percent (previous 6.50-10.50 percent.
Published 28 Nov, 2007 12:00am
Australian dollar drops

Australian dollar drops

The Australian dollar was near 2-1/2 month lows against the yen and shed over 1.5 percent against the US currency on Tuesday, after investors dumped high-yielding currencies amid a fresh wave of risk aversion. The loss of appetite for risk stemmed from fr
Published 28 Nov, 2007 12:00am
Asian currencies cut losses on Citi stake sale

Asian currencies cut losses on Citi stake sale

Most Asian currencies drifted lower on Tuesday as investors shunned risky assets due to renewed fears about credit markets, but they later cut losses on news that Citigroup would sell a $7.5 billion stake.
Published 28 Nov, 2007 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc fell against major currencies on Tuesday ahead of key Swiss inflation data as some risk appetite returned on news that Citigroup would sell a stake to the Abu Dhabi government. Citigroup on Tuesday said it would sell a $7.5 billion stake t
Published 28 Nov, 2007 12:00am
England win tour match

England win tour match

Michael Vaughan's England celebrated a morale-boosting win ahead of the Test series against Sri Lanka as the gloom lifted around the injury-hit tourists on Tuesday. England, preparing for Saturday's first Test in Kandy, surpassed a victory target of 246 f
Published 28 Nov, 2007 12:00am
Shoaib Akhtar hospitalised

Shoaib Akhtar hospitalised

Pakistani fast bowler Shaoib Akhtar was hospitalised on Tuesday with a chest infection ahead of the second Test against India, the Press Trust of India reported. Shoaib Akhtar, who led Pakistan's attack against the hosts during their first Test match in N
Published 28 Nov, 2007 12:00am
Holders Milan seek point to reach last 16

Holders Milan seek point to reach last 16

Holders AC Milan need just a point at Benfica on Wednesday to wrap up qualification for the Champions League last 16 with a game to spare. The Serie A side would have 10 points with a draw and could not be caught by Celtic or Shakhtar Donetsk even if the
Published 28 Nov, 2007 12:00am
Umpire Koertzen out of Sri Lanka-England series

Umpire Koertzen out of Sri Lanka-England series

Umpire Rudi Koertzen, who angered Sri Lankans this month for wrongly giving Kumar Sangakkara out on 192, has been withdrawn from the England Tests, officials said on Tuesday.
Published 28 Nov, 2007 12:00am
No proof of Haas poisoning

No proof of Haas poisoning

Tommy Haas's claims that he was poisoned during Germany's Davis Cup semi-final against Russia in Moscow have been rejected by the sport's world governing body the ITF, according to a report here Monday. The International Tennis Federation (ITF) commission
Published 28 Nov, 2007 12:00am
Kirsten named Indian coach

Kirsten named Indian coach

Former South African opening batsman Gary Kirsten will take over as new Indian coach next week, a top cricket board official told AFP on Tuesday. Kirsten will join the team on December 3, just two weeks before India leave for Australia to play four Tests
Published 28 Nov, 2007 12:00am
Legends question Malik, praise Kumble

Legends question Malik, praise Kumble

Pakistan's Shoaib Malik came under fire on Tuesday from two of cricket's legends after his uninspiring captaincy during the team's opening Test defeat against India. Former Pakistani skipper Imran Khan and his Indian counterpart Sunil Gavaskar said Malik
Published 28 Nov, 2007 12:00am
Nisar directs to accelerate work on flyover

Nisar directs to accelerate work on flyover

Caretaker Chief Minister Punjab, former Justice Ejaz Nisar has directed that pace of work on the under-construction Thokkar Niaz Beg flyover be accelerated so that transport problems of people could be resolved. He issued these instructions during inspect
Published 28 Nov, 2007 12:00am
PIAF-Founder Alliance wins LCCI polls

PIAF-Founder Alliance wins LCCI polls

The four candidates from the Pakistan Industrial Traders Association Front (PIAF)-Founder Alliance have been elected to the Executive Committee of the Lahore Chamber of Commerce and Industry. These candidates include Muhammad Ali Mian who has already been
Published 28 Nov, 2007 12:00am
JS Bank establish two new branches

JS Bank establish two new branches

The JS Bank Limited formally inaugurated two of its branches here on Tuesday with one being located in Allama Iqbal Town and the other in the Defence Housing Authority (DHA). Bank President and Chief Executive Officer Naveed Qazi opened the JS Bank Limite
Published 28 Nov, 2007 12:00am
GTZ funded shelter homes for women to be set up

GTZ funded shelter homes for women to be set up

The Women Development Ministry has started a GTZ funded project in collaboration with NGOs to establish shelter homes for women in crisis. Sources told Business Recorder here on Tuesday that implementation of the project will be carried out in coll
Published 28 Nov, 2007 12:00am
Brokers urged to safeguard investors' interests

Brokers urged to safeguard investors' interests

National Fullerton Asset Management Chief Executive Officer Dr Amjad Waheed urged brokers to cater to investors' needs of low and medium risk investment rather than only concentrate on the high risk investment in shares market.
Published 28 Nov, 2007 12:00am
Brokers urged to safeguard investors' interests

Brokers urged to safeguard investors' interests

National Fullerton Asset Management Chief Executive Officer Dr Amjad Waheed urged brokers to cater to investors' needs of low and medium risk investment rather than only concentrate on the high risk investment in shares market.
Published 28 Nov, 2007 12:00am
Tiger chief slams international community

Tiger chief slams international community

Tamil Tiger leader Velupillai Prabhakaran on Tuesday accused the international community of failing his rebel group and said they were partly to blame for Sri Lanka's killing of a top aide in an air force bombing raid.
Published 28 Nov, 2007 12:00am
Iran builds longer-range missile

Iran builds longer-range missile

Iran on Tuesday announced it has built a new missile with a range sufficient to put Israel and US bases in the Middle East within easy reach, amid rising tensions over Tehran's contested nuclear drive.
Published 28 Nov, 2007 12:00am
Somali journalists banned from covering insurgents

Somali journalists banned from covering insurgents

The mayor of Mogadishu has banned Somali media from publishing interviews with insurgents or reporting on military operations and the city's refugee exodus, journalists and watchdogs said on Tuesday.
Published 28 Nov, 2007 12:00am
France steps up security after riots

France steps up security after riots

Police will step up security in north Paris suburbs to prevent a third night of unrest, French Prime Minister Francois Fillon said on Tuesday, promising a firm line against rioters who attack police.
Published 28 Nov, 2007 12:00am
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