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Print - 2007-12-16
THE RUPEE: dollar suffer sharp losses

THE RUPEE: dollar suffer sharp losses

Lifting of emergency after nearly six weeks, aided the rupee to expand its gain versus dollar and euro in the currency market at the weekend, dealers said. The rupee made solid gains against dollar in the interbank market, gaining 16 paisa at 61.00 for bu
Published 16 Dec, 2007 12:00am
THE RUPEE: dollar suffer sharp losses

THE RUPEE: dollar suffer sharp losses

Lifting of emergency after nearly six weeks, aided the rupee to expand its gain versus dollar and euro in the currency market at the weekend, dealers said. The rupee made solid gains against dollar in the interbank market, gaining 16 paisa at 61.00 for bu
Published 16 Dec, 2007 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (December 17, 2007).
Published 16 Dec, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (December 17, 2007).
Published 16 Dec, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday December 17, 2007
Published 16 Dec, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday December 17, 2007
Published 16 Dec, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday December 17, 2007
Published 16 Dec, 2007 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (December 15, 2007).
Published 16 Dec, 2007 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 16 Dec, 2007 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 16 Dec, 2007 12:00am
Ukraine sunoil output down

Ukraine sunoil output down

Ukraine raw sunoil output fell 4.1 percent to 188,000 tonnes in November from 195,000 in October, the State Statistics Committee said on Friday. It said 1.921 million tonnes were produced in the first 11 months of this year, or 8 percent more than in the
Published 16 Dec, 2007 12:00am
Singapore November bunker sales fall

Singapore November bunker sales fall

Singapore bunker sales volumes in November fell about 7 percent from the previous month as record high prices dampened demand from shipowners, traders and shipowners said on Thursday. Singapore bunker sales slipped 198,000 tonnes to 2.523 million tonnes i
Published 16 Dec, 2007 12:00am
Asian freight rates softer, outlook healthy

Asian freight rates softer, outlook healthy

Ocean freight rates for dry commodities on major Asian routes hit a seven-month low on Tuesday, with fewer raw commodity cargoes seen in the market.
Published 16 Dec, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 109,077 tonnes cargo including 67,651 tonnes import, 41,426 tonnes export cargo and 4,073 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 16 Dec, 2007 12:00am
CBoT wheat mixed

CBoT wheat mixed

Wheat futures on the Chicago Board of Trade closed mixed on Friday in volatile trade, with the March contract roaring to an all-time high on scarce supplies and technical buying, traders said.
Published 16 Dec, 2007 12:00am
Oil cake market rates

Oil cake market rates

No change was seen on the forward cottonseed oilcake market on Saturday as some purchases noted but rates did not fluctuate in process of trading, dealers said. The December vaida opened with no change at Rs 590.50 and closing was seen at the same level,
Published 16 Dec, 2007 12:00am
Business regains momentum on cotton market

Business regains momentum on cotton market

Trading activity picked up on the cotton market on Saturday as many spinners covered their forward needs despite the news of short staple cotton import, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3000, market
Published 16 Dec, 2007 12:00am
HRW wheat bids holding steady

HRW wheat bids holding steady

US Plains hard red winter wheat basis bids were holding steady on Friday, with mostly routine dealings, grain merchants said. Plains dealers said mill demand was slowed as mills had stocked up ahead of the impending Christmas holiday.
Published 16 Dec, 2007 12:00am
Guwar, gram prices higher in grain market

Guwar, gram prices higher in grain market

Rising trend was seen in the grain market on Saturday as most of the commodity items depicted upward trend in process of trading, dealers said. On the seed side, wheat old and new both types gained Rs 25 to Rs 1750-1765. Guwar Sindh low type was sharply h
Published 16 Dec, 2007 12:00am
Brazil trade still hard in European coffee market

Brazil trade still hard in European coffee market

Physical trade in coffee from Brazil, the world's largest exporter, remained hard in Europe this week as exporters continued to demand more than European industry was willing to pay, traders said on Friday.
Published 16 Dec, 2007 12:00am
Soy notches 34-year top

Soy notches 34-year top

Soybean futures at the Chicago Board of Trade rallied to a 34-year high for the sixth consecutive session on Friday on continued technical buying, with support stemming from an active export pace and outlooks for a sharp drawdown in supplies, traders said
Published 16 Dec, 2007 12:00am
US gold lower

US gold lower

US gold futures finished down but off their lows on Friday, hurt by a dollar rally after a report showed signs of US consumer inflation, slashing expectations of more aggressive rate cuts from the Federal Reserve.
Published 16 Dec, 2007 12:00am
Wool prices increase again in Australian markets

Wool prices increase again in Australian markets

In the last sale before the Christmas break, the Australian wool market reached its highest closing level for the season when it finished 0.4 percent higher, on average, at sales in Sydney, Melbourne and Fremantle.
Published 16 Dec, 2007 12:00am
US copper slightly lower

US copper slightly lower

US copper futures ended Friday with only small losses after making sizeable declines all week, but a greater-than-forecast increase in US manufacturing data and a bout of short covering pulled prices up from their three-week lows, traders said.
Published 16 Dec, 2007 12:00am
India sugar output may fall

India sugar output may fall

Indian sugar output this season is likely to be 3 million tonnes below forecasts due to a late start to some crushing, perhaps stemming any further fall in already rock-bottom prices, a leading firm said on Friday.
Published 16 Dec, 2007 12:00am
Oil prices higher in global market

Oil prices higher in global market

Oil prices soared in volatile trading last week on news of falling US supplies and forecasts of higher demand for crude next year.
Published 16 Dec, 2007 12:00am
CBOT rice lower

CBOT rice lower

Rough rice futures at the Chicago Board of Trade fell on Friday on follow-through technical selling, traders said. January rice closed 5-1/2 cents weaker at $13.12-1/2 per hundredweight and March ended 5 lower at $13.45. The market trended lower all week
Published 16 Dec, 2007 12:00am
Bangladesh's bid to import rice from India hits snag

Bangladesh's bid to import rice from India hits snag

Bangladesh's attempt to import half a million tonnes of rice from neighbouring India to meet the its immediate post-cyclone needs has hit a snag, after New Delhi said that only the Indian government could make such exports.
Published 16 Dec, 2007 12:00am
Nigerian November cocoa arrivals rise

Nigerian November cocoa arrivals rise

Cocoa arrivals in the port city of Lagos, Nigeria's main export route, rose to 29,000 tonnes in November, up 9.4 percent on the same month last season, an average of estimates by exporters showed on Friday.
Published 16 Dec, 2007 12:00am
Sri Lanka eye second spot in ICC Test ranking

Sri Lanka eye second spot in ICC Test ranking

Mahela Jayawardene's Sri Lanka will leapfrog from world number five to second behind Australia if they win the third and final Test against England starting here on Tuesday. A win would give the hosts a 2-0 series success and lift Jayawardene's men past I
Published 16 Dec, 2007 12:00am
Pollock stars as West Indians lose

Pollock stars as West Indians lose

Veteran South African all-rounder Shaun Pollock sent the West Indians crashing to a narrow defeat against a Makhaya Ntini Invitation XI in a rain-affected opening match of their tour at Buffalo Park Friday. Pollock top-scored 54 off 40 balls and took one
Published 16 Dec, 2007 12:00am
FIFA bans high-altitude matches without acclimatisation

FIFA bans high-altitude matches without acclimatisation

Football's governing body FIFA on Saturday banned all matches it sanctions at an altitude of more than 2,750 metres (9,022 feet) "without acclimatisation", relaxing its earlier limit. It also set up a 40-million-dollar referee training project and increas
Published 16 Dec, 2007 12:00am
England job will be my last: Capello

England job will be my last: Capello

New England manager Fabio Capello has said the job will be his last in football and acknowledged he has a tough task ahead of him. The 61-year-old Italian was appointed on Friday and succeeds Steve McClaren, who was sacked last month after England failed
Published 16 Dec, 2007 12:00am
India's 'fab five' eye glory in Australia

India's 'fab five' eye glory in Australia

A quintet of India's golden generation of cricketers have a final tilt at glory in Australia when the team embark on a difficult tour next week. The four-match series could be the last test toralia for batting greats Sachin Tendulkar, Rahul Dravid, Saurav
Published 16 Dec, 2007 12:00am
SEA Games end with hosts Thailand topping medal table

SEA Games end with hosts Thailand topping medal table

The 24th Southeast Asian Games ended on Saturday with hosts Thailand scooping a mammoth 183 golds, but the 10-day showpiece was overshadowed by claims of unfair judging. With golden fireworks, music and traditional Thai dancing, the biennial event drawing
Published 16 Dec, 2007 12:00am
LHC Eid holidays

LHC Eid holidays

The Lahore High Court chief justice has announced Eid holidays from December 20 to 22 instead of December 20 to 21. A court notification said the court's benches in Rawalpindi, Multan and Bahawalpur and civil and sessions courts in the Punjab would observ
Published 16 Dec, 2007 12:00am
LHC judges take oath under the constitution

LHC judges take oath under the constitution

Lahore High Court Chief Justice and 26 other Judges, including eight additional Judges, took oath under the 1973 Constitution in an impressive ceremony here at the Governor House on Saturday. Punjab Governor Khalid Maqbool administered oath to Lahore High
Published 16 Dec, 2007 12:00am
Seminar on strengthening of design, analysis capabilities held

Seminar on strengthening of design, analysis capabilities held

Dr Muhammad Rashid Director General Ayyub Agriculture Research Institute, Faisalabad, has said that the level of competence in biometrical principles and techniques can be improved through the improvement of quality research at the national scenario.
Published 16 Dec, 2007 12:00am
WPC to organise international moot

WPC to organise international moot

The World Punjabi Congress (WPC) is organising three international conferences on 'peace and democracy: challenges of extremists and fundamentalists.' A congress spokesman said on Saturday that the conferences would be held on December 20, January 3 and 8
Published 16 Dec, 2007 12:00am
10 POs held; arms, drugs recovered

10 POs held; arms, drugs recovered

The Capital City Police Peshawar have recovered latest arms and drugs from the custody of 10 Proclaimed Offenders (POs) in a crackdown against criminals involved in murder, attempt of murder, robbery and drug selling in the district during last 24 hours.
Published 16 Dec, 2007 12:00am
Formal 1.5 billion euro offer for Dutch Stork

Formal 1.5 billion euro offer for Dutch Stork

London Acquisition, a company controlled by a consortium of funds managed and advised by Candover, Landsbanki Islands and Eyrir Invest, have made their 1.5 billion euro ($2.2 billion) offer for Dutch industrial group Stork NV formal, they said late on Fri
Published 16 Dec, 2007 12:00am
Formal 1.5 billion euro offer for Dutch Stork

Formal 1.5 billion euro offer for Dutch Stork

London Acquisition, a company controlled by a consortium of funds managed and advised by Candover, Landsbanki Islands and Eyrir Invest, have made their 1.5 billion euro ($2.2 billion) offer for Dutch industrial group Stork NV formal, they said late on Fri
Published 16 Dec, 2007 12:00am
US funds suspected of speculation in Alitalia bid

US funds suspected of speculation in Alitalia bid

Italian prosecutors have opened a preliminary investigation into US investment funds Evergreen and Quantum for speculation in the bidding for Alitalia, the ANSA news agency reported.
Published 16 Dec, 2007 12:00am
US funds suspected of speculation in Alitalia bid

US funds suspected of speculation in Alitalia bid

Italian prosecutors have opened a preliminary investigation into US investment funds Evergreen and Quantum for speculation in the bidding for Alitalia, the ANSA news agency reported.
Published 16 Dec, 2007 12:00am
UBS buy of Stanchart's India mutual funds hit

UBS buy of Stanchart's India mutual funds hit

Swiss Bank UBS AG's purchase of Standard Chartered Plc's mutual funds business in India has hit a roadblock as India's central bank appears to have rejected the deal, the Economic Times newspaper said on Saturday, citing unidentified sources.
Published 16 Dec, 2007 12:00am
UBS buy of Stanchart's India mutual funds hit

UBS buy of Stanchart's India mutual funds hit

Swiss Bank UBS AG's purchase of Standard Chartered Plc's mutual funds business in India has hit a roadblock as India's central bank appears to have rejected the deal, the Economic Times newspaper said on Saturday, citing unidentified sources.
Published 16 Dec, 2007 12:00am
Greek labour minister sacked amid pension reform charge

Greek labour minister sacked amid pension reform charge

Greece's labour minister, in charge of implementing difficult pension reforms, was sacked on Saturday, the government said. "Labour Minister Vasilis Magginas submitted his resignation today the prime minister accepted his resignation," government spokesma
Published 16 Dec, 2007 12:00am
Hauliers stage low-key fuel price protest

Hauliers stage low-key fuel price protest

Hauliers, farmers and motorists staged protests across Britain on Saturday against record petrol and diesel prices, but a poor turn-out saw some demonstrations called off.
Published 16 Dec, 2007 12:00am
Japan banks balk at subprime fund request

Japan banks balk at subprime fund request

Three Japanese banks that have been asked to provide $5 billion each to a subprime support fund planned by US banks have balked at what they see as an unreasonably high figure, the Nikkei business daily reported on Saturday.
Published 16 Dec, 2007 12:00am
Japan banks balk at subprime fund request

Japan banks balk at subprime fund request

Three Japanese banks that have been asked to provide $5 billion each to a subprime support fund planned by US banks have balked at what they see as an unreasonably high figure, the Nikkei business daily reported on Saturday.
Published 16 Dec, 2007 12:00am
Abu Dhabi close to stake in Malaysia's RHB

Abu Dhabi close to stake in Malaysia's RHB

Abu Dhabi Commercial Bank (ADCB) is close to buying a 25 percent stake in Malaysia's fourth-largest banking group, RHB Capital, the Business Times said on Saturday, without citing its source.
Published 16 Dec, 2007 12:00am
AMD delays chip shipments; aims for 2008 profit

AMD delays chip shipments; aims for 2008 profit

Advanced Micro Devices Inc has delayed shipments of a key, high-end microprocessor until the first quarter of next year and does not expect to break even until the second quarter, the chipmaker said on Thursday.
Published 16 Dec, 2007 12:00am
AMD delays chip shipments; aims for 2008 profit

AMD delays chip shipments; aims for 2008 profit

Advanced Micro Devices Inc has delayed shipments of a key, high-end microprocessor until the first quarter of next year and does not expect to break even until the second quarter, the chipmaker said on Thursday.
Published 16 Dec, 2007 12:00am
Goldman hired to aid Northern Rock rescue: UK Treasury

Goldman hired to aid Northern Rock rescue: UK Treasury

US investment bank Goldman Sachs has been asked to use its global reach to help put together a financing package to rescue ailing bank Northern Rock, a UK Treasury spokesman confirmed on Saturday.
Published 16 Dec, 2007 12:00am
US Senate votes to expand mortgage programme

US Senate votes to expand mortgage programme

The US Senate on Friday overwhelmingly passed legislation to expand the nation's largest federal homeownership programme in a move that could help struggling subprime borrowers avoid foreclosure. The bill, which passed on a 93-1 vote, would loosen underwr
Published 16 Dec, 2007 12:00am
US Senate votes to expand mortgage programme

US Senate votes to expand mortgage programme

The US Senate on Friday overwhelmingly passed legislation to expand the nation's largest federal homeownership programme in a move that could help struggling subprime borrowers avoid foreclosure. The bill, which passed on a 93-1 vote, would loosen underwr
Published 16 Dec, 2007 12:00am
IMF economist says to cut global growth outlook

IMF economist says to cut global growth outlook

The International Monetary Fund will lower its growth outlook as the continued credit crisis hurts the US and European economies, while global imbalances also weigh on growth, its top economist was quoted as saying.
Published 16 Dec, 2007 12:00am
UAE says Gulf revaluations 'still an option'

UAE says Gulf revaluations 'still an option'

A decision by Gulf Arab countries to keep dollar pegs is final but revaluations are still an option for central bankers in the oil-exporting region, the UAE central bank governor said in remarks published on Saturday.
Published 16 Dec, 2007 12:00am
Credit Suisse well positioned in crisis: chief executive

Credit Suisse well positioned in crisis: chief executive

Credit Suisse is well-positioned as the credit crisis continues, having cut its exposure, but the worst of the turmoil is not over for the sector, the Swiss bank's head was quoted as saying.
Published 16 Dec, 2007 12:00am
American credit market outlook

American credit market outlook

Credit spreads of US financial companies may outperform in the second half of 2008, though there is no rush to take long positions in the credits as the first half of the year still threatens to be weak.
Published 16 Dec, 2007 12:00am
American credit market outlook

American credit market outlook

Credit spreads of US financial companies may outperform in the second half of 2008, though there is no rush to take long positions in the credits as the first half of the year still threatens to be weak.
Published 16 Dec, 2007 12:00am
Asian bonds ease

Asian bonds ease

Asian bonds weakened on Friday after a Moody's downgrade of Citigroup raised questions how much pain financial firms still face because of soured subprime mortgage investments and how hard it will hit the US economy. Moody's downgraded Citigroup's debt by
Published 16 Dec, 2007 12:00am
Asian bonds ease

Asian bonds ease

Asian bonds weakened on Friday after a Moody's downgrade of Citigroup raised questions how much pain financial firms still face because of soured subprime mortgage investments and how hard it will hit the US economy. Moody's downgraded Citigroup's debt by
Published 16 Dec, 2007 12:00am
US corporate bonds spread steady

US corporate bonds spread steady

US corporate bond spreads held steady on Friday after Citigroup Inc unveiled a plan to rescue $49 billion of off-balance sheet investments. Goldman, the Wall Street bank that profited most from its contrarian bets on credit, advised clients that Citi's bo
Published 16 Dec, 2007 12:00am
US corporate bonds spread steady

US corporate bonds spread steady

US corporate bond spreads held steady on Friday after Citigroup Inc unveiled a plan to rescue $49 billion of off-balance sheet investments. Goldman, the Wall Street bank that profited most from its contrarian bets on credit, advised clients that Citi's bo
Published 16 Dec, 2007 12:00am
US Treasury debt prices finish lower

US Treasury debt prices finish lower

US Treasury debt prices fell on Friday as rising consumer price inflation fanned doubts about whether the Federal Reserve would cut interest rates further. The Fed's modest rate cut earlier this week and a plan by global central banks to boost lending amo
Published 16 Dec, 2007 12:00am
US Treasury debt prices finish lower

US Treasury debt prices finish lower

US Treasury debt prices fell on Friday as rising consumer price inflation fanned doubts about whether the Federal Reserve would cut interest rates further. The Fed's modest rate cut earlier this week and a plan by global central banks to boost lending amo
Published 16 Dec, 2007 12:00am
US IPOs hope to spark investor interest

US IPOs hope to spark investor interest

Two of next week's US initial public offerings hope to spark investor interest; one with celebrity appeal, while the other quite literally promises a brighter future. Next week's red carpet debut is software maker NetSuite, an IPO being brought to market
Published 16 Dec, 2007 12:00am
Emerging debt spreads narrow

Emerging debt spreads narrow

Emerging debt prices declined on Friday but risk spreads still tightened as high-yielding bonds outperformed US Treasuries, with investors trying to guarantee a good performance for their portfolios before year-end.
Published 16 Dec, 2007 12:00am
Emerging debt spreads narrow

Emerging debt spreads narrow

Emerging debt prices declined on Friday but risk spreads still tightened as high-yielding bonds outperformed US Treasuries, with investors trying to guarantee a good performance for their portfolios before year-end.
Published 16 Dec, 2007 12:00am
Mexican stocks drop

Mexican stocks drop

Mexican stocks fell on Friday as a surge in US consumer prices fuelled concerns that the Federal Reserve may hold off on cutting interest rates. The benchmark IPC stock index slipped 0.31 percent to 29,994.90 points, following the slide in equities on Wal
Published 16 Dec, 2007 12:00am
Chile stocks finish firmer

Chile stocks finish firmer

Chilean stock indexes gained on Friday, as investors snapped up lower-priced stocks following a four-session slump. The all-market IGPA stock index rose 0.45 percent to 13,898.81 points, while the trade-weighted blue chip IPSA index advanced 0.73 percent
Published 16 Dec, 2007 12:00am
Toronto stocks decline

Toronto stocks decline

The Toronto Stock Exchange's main index fell modestly on Friday, capping off a losing week, as mining issues continued to slide, while US inflation data dampened expectations of further interest rate cuts. The S&P/TSX composite index ended down 73.02 poin
Published 16 Dec, 2007 12:00am
Argentine stocks slip

Argentine stocks slip

Argentine stocks fell for a fourth consecutive session on Friday after higher-than-expected consumer price data in the United States inflamed concerns about the health of the world's biggest economy. The MerVal index of the 25 leading stocks shifted down
Published 16 Dec, 2007 12:00am
Brazil stocks fall

Brazil stocks fall

Brazil's stock market fell in volatile trading on Friday as a higher-than-expected inflation reading trimmed expectations of lower US interest rates and risk aversion increased. The Bovespa index of the Sao Paulo Stock Exchange shed 0.66 percent to 62,444
Published 16 Dec, 2007 12:00am