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Dec 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-12-18
Message from President of Pakistan

Message from President of Pakistan

I am very pleased to learn about the launching of Pak-China Investment Company. Pak-China ties have withstood the test of time. We are grateful to China having been associated with Pakistan's economic development now for decades.
Published 18 Dec, 2007 12:00am
Pak-China Investment Company launched

Pak-China Investment Company launched

Caretaker Federal Finance Minister Dr Salman Shah has said that China and Pakistan have decided to increase volume of trade from the existing $5 billion to $15 billion in the next five years. He was speaking at the launch of Pak-China Investment Company L
Published 18 Dec, 2007 12:00am
Jakarta exchange to relaunch coffee, CPO futures

Jakarta exchange to relaunch coffee, CPO futures

The Jakarta Futures Exchange plans to relaunch trading of robusta coffee and crude palm oil contracts to benefit from higher prices, the exchange's president director said on Monday. The exchange plans to trade the contracts in the second quarter of 2008
Published 18 Dec, 2007 12:00am
Pak-China Investment Company launched

Pak-China Investment Company launched

Caretaker Federal Finance Minister Dr Salman Shah has said that China and Pakistan have decided to increase volume of trade from the existing $5 billion to $15 billion in the next five years. He was speaking at the launch of Pak-China Investment Company L
Published 18 Dec, 2007 12:00am
Sun drives black pod from east Ivorian cocoa farms

Sun drives black pod from east Ivorian cocoa farms

Damp-loving black pod disease which had destroyed thousands of cocoa pods on farms in eastern Ivory Coast is retreating as rainfall eases, giving way to hot, sunny weather, local farmers said.
Published 18 Dec, 2007 12:00am
Pak-China Investment Company launched

Pak-China Investment Company launched

Caretaker Federal Finance Minister Dr Salman Shah has said that China and Pakistan have decided to increase volume of trade from the existing $5 billion to $15 billion in the next five years. He was speaking at the launch of Pak-China Investment Company L
Published 18 Dec, 2007 12:00am
Oil cake market rates

Oil cake market rates

Listless trading was seen in the forward cottonseed oilcake market on Monday as most of the buyers remained on the sidelines due to want of buying interest, dealers said. The December vaida opened with no change at Rs 590.50 and closing was seen at the sa
Published 18 Dec, 2007 12:00am
BRIndex30 sheds 7.33 points

BRIndex30 sheds 7.33 points

On Monday BRIndex30 opened in the green zone at 16,087.23, with an upward gap of 71.01 points. It closed at 16,008.89 with a net negative change of -7.33 points and percentage change of -0.05. It showed intra-day high of 16,135.91 and intra-day low of 15,
Published 18 Dec, 2007 12:00am
Prices firm amid low business on cotton market

Prices firm amid low business on cotton market

Some mills were active in the cotton market on Monday to cover the forward buying in anticipation of expected rise in the prices as a result of short aupply, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3000, t
Published 18 Dec, 2007 12:00am
BRIndex30 sheds 7.33 points

BRIndex30 sheds 7.33 points

On Monday BRIndex30 opened in the green zone at 16,087.23, with an upward gap of 71.01 points. It closed at 16,008.89 with a net negative change of -7.33 points and percentage change of -0.05. It showed intra-day high of 16,135.91 and intra-day low of 15,
Published 18 Dec, 2007 12:00am
South Korea buys aluminium ingot, nickel

South Korea buys aluminium ingot, nickel

South Korea has bought 6,000 tonnes of primary aluminium ingot and 200 tonnes of nickel cathode, an official at the state-run Public Procurement Service (PPS) said on Monday. BHP Billiton Marketing AG will supply 4,000 tonnes of Western ingot at a premium
Published 18 Dec, 2007 12:00am
KSE index down 12.31 points

KSE index down 12.31 points

Karachi share market on Monday started on a positive note and the KSE-100 index hit 14,635.34 points intra-day high level, but it could not maintain its momentum due to lack of foreign and local investors interest.
Published 18 Dec, 2007 12:00am
Til prices lower in grain market

Til prices lower in grain market

Subdued trading was seen in grain market on Monday as most of the commodities held their weekend levels, dealers said. Except a change in the til prices on seed side, all the commodity items maintained the last levels, til low type was sharply lower by Rs
Published 18 Dec, 2007 12:00am
KSE index down 12.31 points

KSE index down 12.31 points

Karachi share market on Monday started on a positive note and the KSE-100 index hit 14,635.34 points intra-day high level, but it could not maintain its momentum due to lack of foreign and local investors interest.
Published 18 Dec, 2007 12:00am
KSE index down 12.31 points

KSE index down 12.31 points

Karachi share market on Monday started on a positive note and the KSE-100 index hit 14,635.34 points intra-day high level, but it could not maintain its momentum due to lack of foreign and local investors interest.
Published 18 Dec, 2007 12:00am
Italy maize import jumps, wheat falls

Italy maize import jumps, wheat falls

Maize imports to Italy jumped to 1,696,371 tonnes in the first nine months of 2007 from 957,440 tonnes in the same period a year earlier, Italian cereals body Anacer said on Monday. Italy is Europe's second-biggest maize producer after France but still ne
Published 18 Dec, 2007 12:00am
Government restrained from setting up FHC

Government restrained from setting up FHC

A Full Bench of Lahore High Court (LHC) on a petition, filed by a senior bar member, Hasan Nawaz, has stopped the government from taking any step to establish Federal High Court (FHC) for Islamabad Capital Territory till further orders, and adjourned hear
Published 18 Dec, 2007 12:00am
Japan seeks to buy foreign rice

Japan seeks to buy foreign rice

The Ministry of Agriculture plans to buy a total 118,000 tonnes of foreign rice for processed food and alcohol use in a regular tender closing on Friday, a ministry official said on Monday. Of the total, the ministry is seeking 40,000 tonnes of Thai rice,
Published 18 Dec, 2007 12:00am
Government restrained from setting up FHC

Government restrained from setting up FHC

A Full Bench of Lahore High Court (LHC) on a petition, filed by a senior bar member, Hasan Nawaz, has stopped the government from taking any step to establish Federal High Court (FHC) for Islamabad Capital Territory till further orders, and adjourned hear
Published 18 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 Monday, with little movement noted as the holiday approached, grain merchants said. Demand was focused on higher protein supplies as premiums for rail car wheat to and through Kansas City g
Published 18 Dec, 2007 12:00am
'Rashid's uncle helped in escape'

'Rashid's uncle helped in escape'

The Briton suspected of a plane bombing plot who escaped from custody got away after police let his uncle drive him back to jail following a court appearance, a security official said on Monday.
Published 18 Dec, 2007 12:00am
US Midwest corn and soyabean bids mixed

US Midwest corn and soyabean bids mixed

Spot basis bids for corn and soyabeans were mixed at processors and grain elevators around the US Midwest on Monday due to scattered country movement in recent weeks, grain dealers said. Some dealers who have booked sales of corn and soyabeans were able t
Published 18 Dec, 2007 12:00am
Punjab government asked to appoint 500 more civil judges

Punjab government asked to appoint 500 more civil judges

The federal government has asked the Punjab government to appoint 500 more Civil Judges to clear the backlog of cases in the lower courts. The caretaker Minister for Law and Justice, Afzal Haider, held a meeting here on Monday to discuss threadbare the pr
Published 18 Dec, 2007 12:00am
Russian grain trade sees January wheat export ban

Russian grain trade sees January wheat export ban

The grain market expects the Russian government to slap a ban on wheat exports in January, containing the rise of export prices last week, analysts said. "In spite of rising world prices, Russian wheat export forward prices rose slightly to $340 per tonne
Published 18 Dec, 2007 12:00am
Tanzanian coffee prices mixed

Tanzanian coffee prices mixed

Tanzania coffee prices were mixed at last week's auction with most bottom prices easing, while top prices firmed, helped by increased demand and improved quality, traders said on Monday. The Tanzania Coffee Board said 33,322 60-kg bags were offered for sa
Published 18 Dec, 2007 12:00am
Algerian sugar refiner to raise output

Algerian sugar refiner to raise output

Algeria's leading private agro-business group Cevital, which runs North Africa's largest sugar refinery, will raise annual output to 800,000 tonnes in January 2008 from 600,000 tonnes now, its CEO said on Monday. "The additional 200,000 tonnes will be sug
Published 18 Dec, 2007 12:00am
Singapore bunker fuel prices rise

Singapore bunker fuel prices rise

Singapore bunker prices rose as tightening supplies squeezed the market on Monday, while the differentials to fuel oil cargoes widened. Prices for the 380-centistoke (cst) grade rose $4.00 to $479-$481 a tonne, while its discount extended 25 cents to $1.2
Published 18 Dec, 2007 12:00am
Russia test-fires intercontinental missile

Russia test-fires intercontinental missile

Russia on Monday test-launched a new intercontinental ballistic missile, part of a system that can outperform any anti-missile system likely to be deployed, according to the officer in charge of missile forces.
Published 18 Dec, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 250,430 tonnes cargo including 191,267 tonnes import, 59,163 tonnes export cargo and 3,676 containers (TEUs) during last 48 hours ending at 0700 hours on Monday.
Published 18 Dec, 2007 12:00am
Russia test-fires intercontinental missile

Russia test-fires intercontinental missile

Russia on Monday test-launched a new intercontinental ballistic missile, part of a system that can outperform any anti-missile system likely to be deployed, according to the officer in charge of missile forces.
Published 18 Dec, 2007 12:00am
Asian physical rubber

Asian physical rubber

Asian physical rubber prices were mostly unchanged on Monday, as thin demand offset rises of futures contract prices on the Tokyo Commodity Exchange. Trading was thin as high prices kept buyers on the sidelines. "We expected thin trade from now on as we a
Published 18 Dec, 2007 12:00am
USAS causes revenue loss to exchequer: survey

USAS causes revenue loss to exchequer: survey

Over 56 percent of the tax employees have informed the Federal Board of Revenue (FBR) that introduction of Universal Self Assessment Scheme (USAS) has caused revenue loss to the national exchequer. The Federal Board of Revenue (FBR) on Monday released the
Published 18 Dec, 2007 12:00am
Wheat crosses $10 first time

Wheat crosses $10 first time

US wheat futures surged more than 3 percent on Monday and surpassed $10 a bushel for the first time as strong US export numbers amid dwindling world supplies prompted funds and investors to rush to cover positions.
Published 18 Dec, 2007 12:00am
USAS causes revenue loss to exchequer: survey

USAS causes revenue loss to exchequer: survey

Over 56 percent of the tax employees have informed the Federal Board of Revenue (FBR) that introduction of Universal Self Assessment Scheme (USAS) has caused revenue loss to the national exchequer. The Federal Board of Revenue (FBR) on Monday released the
Published 18 Dec, 2007 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper prices ticked higher on Monday, supported by a steadier tone in London, and while prices may continue to test lower, tight supplies will limit downside risks. The February copper contract, the most active on the Shanghai Futures Exchange,
Published 18 Dec, 2007 12:00am
USAS causes revenue loss to exchequer: survey

USAS causes revenue loss to exchequer: survey

Over 56 percent of the tax employees have informed the Federal Board of Revenue (FBR) that introduction of Universal Self Assessment Scheme (USAS) has caused revenue loss to the national exchequer. The Federal Board of Revenue (FBR) on Monday released the
Published 18 Dec, 2007 12:00am
Gold regains strength

Gold regains strength

Gold regained its footing on Monday on firm energy prices and after last week's falls ignited bargain hunting, but investors were unwilling to take large buy positions ahead of year-end holidays. Spot gold hit a high of $798.50 an ounce, also aided by ear
Published 18 Dec, 2007 12:00am
Oil steady as weather, Turkey bombs offset economy

Oil steady as weather, Turkey bombs offset economy

Oil was littled changed on Monday following a $3.00 slide over two days, as a US winter storm and Turkish bombing of Kurdish rebels in northern Iraq countered concerns about a weaker US economy.
Published 18 Dec, 2007 12:00am
Malaysian tin rebounds

Malaysian tin rebounds

Malaysian tin rose 0.6 percent on Monday, rebounding from the previous session's three-week low as rising London Metal Exchange prices and tight supplies supported the market, one dealer said.
Published 18 Dec, 2007 12:00am
India sugar futures rise

India sugar futures rise

Indian sugar futures rose on Monday as traders squared-off short positions in the December contract and tones, supported by the prospect of strong exports this month. But huge deliveries are likely to weigh on prices in the near-month contract, an analyst
Published 18 Dec, 2007 12:00am
Thai sugar: trading thin on firm premium

Thai sugar: trading thin on firm premium

Trading of Thai sugar was thin on Monday and was likely to remain sluggish over the next few weeks as high prices, lifted by rallies of futures contract prices in New York, kept buyers on the sidelines, traders said. The premium on Thai raw sugar was quot
Published 18 Dec, 2007 12:00am
Indonesian palm oil prices gain

Indonesian palm oil prices gain

Indonesian palm oil prices extended gains on Monday on a softer rupiah against the US dollar and rises in Malaysian palm oil futures. The state marketing centre in Jakarta sold crude palm oil at 8,039 rupiah ($0.857) a kg, up from 7,966 rupiah free on boa
Published 18 Dec, 2007 12:00am
Tocom rubber rise

Tocom rubber rise

Tokyo rubber futures ended one percent higher on Monday, hovering near a five-week high on the back of firm oil prices and a softer yen. But the market still lacked the momentum to rise significantly as gains were capped by profit-taking.
Published 18 Dec, 2007 12:00am
India offered 330,000 tonnes wheat at high prices

India offered 330,000 tonnes wheat at high prices

India on Monday received offers for 330,000 tonnes of wheat from three global firms at sky-high prices against a recent tender, reflecting shrinking supplies and a surge in US wheat futures on strong exports. Cargill emerged as the lowest bidder for the t
Published 18 Dec, 2007 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian crude palm oil futures rose 1.5 percent on Monday as robust export numbers from cargo surveyors lifted the market amid worries that rain and floods had affected harvest and transport activities.
Published 18 Dec, 2007 12:00am
Tibet to see record high tourists in 2007

Tibet to see record high tourists in 2007

A record four million tourists will have visited Tibet this year thanks to a new railway linking the Himalayan region to the rest of China and another airport, state press reported Monday.
Published 18 Dec, 2007 12:00am
'German growth will slow in fourth quarter'

'German growth will slow in fourth quarter'

The biggest eurozone economy is going to be slowed down by rising commodity prices, the strength of the euro on world markets and global economic conditions, the German economy ministry said Monday. "The German economy's growth pace should take on a more
Published 18 Dec, 2007 12:00am
Japan and UAE agree on loan deal in energy partnership

Japan and UAE agree on loan deal in energy partnership

Japan and the United Arab Emirates on Monday signed an accord to strengthen economic ties, including a deal for Japanese banks to extend a multibillion-dollar loan to a state-owned Abu Dhabi oil firm. Japan hosted high-level economic talks with the UAE in
Published 18 Dec, 2007 12:00am
Global donors pledge $7.4 billion for Palestine

Global donors pledge $7.4 billion for Palestine

International donors pledged 7.4 billion dollars to the Palestinians Monday at a conference described by US Secretary of State Condoleezza Rice as the "last hope" to save their government from bankruptcy.
Published 18 Dec, 2007 12:00am
EU and US strike compensation deal in gambling row

EU and US strike compensation deal in gambling row

The European Commission dealt a blow to European online gaming companies on Monday when it accepted a US offer of openings in other sectors to compensate for closing the US gambling market to foreign firms.
Published 18 Dec, 2007 12:00am
US assails new WTO case against farm subsidies

US assails new WTO case against farm subsidies

The Bush administration is disappointed by what it sees as a spurious new case at the World Trade Organisation court against multibillion dollar US farm subsidies, the US government said on Monday.
Published 18 Dec, 2007 12:00am
World Bank doubles Bosnia funding

World Bank doubles Bosnia funding

The World Bank said Monday it had decided to double its funding to Bosnia with additional loans worth 200 million dollars (139 million euros) aimed at priority projects in the war-torn country.
Published 18 Dec, 2007 12:00am
FAO urges vouchers to boost food production as prices soar

FAO urges vouchers to boost food production as prices soar

The head of the UN food agency on Monday urged the use of vouchers to boost food production in poor countries as food and fuel prices continue to soar. The Food and Agriculture Organisation will provide 17 million dollars (12 million euros) "from our own
Published 18 Dec, 2007 12:00am
UN warns economic collapse may hit Gaza

UN warns economic collapse may hit Gaza

The United Nations warned on Monday that Israeli restrictions on the Hamas-run Gaza Strip are pushing the local economy to the brink of collapse with production reduced to 11 percent of capacity.
Published 18 Dec, 2007 12:00am
Indonesian economy seen stable

Indonesian economy seen stable

Indonesia's economic outlook for next year is stable, but the poor of Southeast Asia's biggest economy look set to gain few of the benefits, experts said Monday. Strong domestic consumption and overseas demand for commodities were likely to push economic
Published 18 Dec, 2007 12:00am
Eurozone business activity slows to 28-month low

Eurozone business activity slows to 28-month low

Business activity in the 13-nations sharing the euro slowed more than expected in December, hitting the lowest level in 28 months due to weakness in the service sector, a survey showed Monday.
Published 18 Dec, 2007 12:00am
Hyundai signs deal to build car plant in Russia

Hyundai signs deal to build car plant in Russia

South Korea's top carmaker Hyundai Motor signed a deal Monday to build a car factory in Russia with a capacity of 100,000 vehicles a year, officials said. Hyundai officials said the company would invest 400 million dollars to build the factory in St. Pete
Published 18 Dec, 2007 12:00am
Iraq picks Russia firm to fix Syria pipeline

Iraq picks Russia firm to fix Syria pipeline

Iraq has invited Russia's Stroytransgaz to submit an offer to re-activate an oil export pipeline to Syria's Mediterranean terminal of Banias, Iraq's Deputy Prime Minister Barham Saleh said on Monday.
Published 18 Dec, 2007 12:00am
Glaxo cervical cancer vaccine hit by US delay

Glaxo cervical cancer vaccine hit by US delay

GlaxoSmithKline Plc's cervical cancer vaccine Cervarix faces a delay in winning approval in the United States, putting it further behind Merck & Co Inc's rival product Gardasil.
Published 18 Dec, 2007 12:00am
Myanmar refugees face wretched existence in Malaysia

Myanmar refugees face wretched existence in Malaysia

Living in miserable camps not far from the glittering Petronas Twin Towers, Myanmar refugees in Malaysia are some of the most wretched of the hundreds of thousands who have fled their homeland.
Published 18 Dec, 2007 12:00am
South Korean poll favourite faces new ethics probe

South Korean poll favourite faces new ethics probe

South Korea's opposition presidential frontrunner was Monday facing a new ethics probe two days before the election, after a video clip emerged that appears to link him to a fraud-tainted firm. Analysts said Lee Myung-Bak is still expected to win Wednesda
Published 18 Dec, 2007 12:00am
Four killed in Mogadishu mortar blast

Four killed in Mogadishu mortar blast

A mortar shell smashed into Mogadishu's main Bakara market on Monday, killing at least four people, witnesses said. "We were eating when a mortar shell landed and killed three people on the spot," eyewitness Ali Hassan Aden said, adding that five other ci
Published 18 Dec, 2007 12:00am
Diana did not want to marry Dodi: friend

Diana did not want to marry Dodi: friend

Princess Diana dismissed talk that she planned to wed Dodi Fayed days before the couple's fatal car crash, saying she wanted marriage "like a rash on the face," one of her long-term friends said Monday. Lady Annabel Goldsmith added she did not think Diana
Published 18 Dec, 2007 12:00am
Clinton hits back at Obama

Clinton hits back at Obama

Hillary Clinton launched a counter-attack Monday against surging rival Barack Obama, hoping to turn around her misfiring campaign just 17 days before the first White House nominating contest.
Published 18 Dec, 2007 12:00am
French journalist abducted in Somalia

French journalist abducted in Somalia

An award-winning French journalist was abducted Sunday by unknown kidnappers in Bosasso, northern Somalia, where he was reporting on illegal immigrants, government and humanitarian sources said.
Published 18 Dec, 2007 12:00am
Kenyan presidential race heats up

Kenyan presidential race heats up

Kenya's presidential race entered its final stretch Monday, with the economy, corruption and tribalism looming large in aging incumbent Mwai Kibaki's bid to secure a second term. The last batch of opinion polls before the December 27 vote gave flamboyant
Published 18 Dec, 2007 12:00am
Zimbabwe to soften security, media laws

Zimbabwe to soften security, media laws

The bitter feud between Zimbabwe's President Robert Mugabe and the opposition appeared to be easing Monday after the government agreed to soften its tough security and media laws ahead of next year's election.
Published 18 Dec, 2007 12:00am
Syria detains opposition leader

Syria detains opposition leader

Syria has detained the leader of a secular opposition grouping, intensifying a week-old crackdown on dissent that has already drawn US criticism, a human rights group said on Monday.
Published 18 Dec, 2007 12:00am
Lebanon presidential vote postponed again: official

Lebanon presidential vote postponed again: official

Lebanon's presidential election was postponed for a ninth time Monday, to December 22, despite intense international efforts to convince rival parties to reach a deal and end a dangerous political vacuum.
Published 18 Dec, 2007 12:00am
Japanese government bonds edge up

Japanese government bonds edge up

Japanese government bond futures erased earlier losses and edged higher on Monday as Tokyo shares tumbled and prompted investors to cover their short positions in the bond market. Futures initially slipped after US Treasuries fell late last week as rising
Published 18 Dec, 2007 12:00am
Japanese government bonds edge up

Japanese government bonds edge up

Japanese government bond futures erased earlier losses and edged higher on Monday as Tokyo shares tumbled and prompted investors to cover their short positions in the bond market. Futures initially slipped after US Treasuries fell late last week as rising
Published 18 Dec, 2007 12:00am
German IPOs seen strong in 2008

German IPOs seen strong in 2008

Investors are gearing up for another strong year of listings on Germany's stock market in 2008 with up to four heavyweights in sight despite turbulence on global equity markets, bankers said.
Published 18 Dec, 2007 12:00am
Taiwan stocks end down

Taiwan stocks end down

Taiwan stocks shed 3.54 percent to end at a nine-month closing low on Monday, paced by bellwethers such as TSMC, as a Wall Street slide and the island's elections due early next year stirred investor concerns of a slowdown in Taiwan's economy.
Published 18 Dec, 2007 12:00am
Thai share prices decline

Thai share prices decline

Thai share prices closed 2.25 percent lower on Monday amid weak sentiment across Asian markets following last week's losses on Wall Street on pessimism over the US economy, dealers said. They said investors kept in check the fallout from Friday's court ru
Published 18 Dec, 2007 12:00am
Hong Kong shares sink

Hong Kong shares sink

Hong Kong stocks slid across the board on Monday in their fourth-straight declining session, with property stocks leading the losses after accelerating US inflation damped the outlook for deeper US rate cuts.
Published 18 Dec, 2007 12:00am
Seoul shares at three-week closing low

Seoul shares at three-week closing low

Seoul shares fell 2.9 percent to a three-week closing low on Monday, as worries that surging US inflation would prevent further interest rate cuts in South Korea's No 2 export market hurt exporters such as Hyundai Motor. Trading was thin ahead of the year
Published 18 Dec, 2007 12:00am
Indian shares tumble

Indian shares tumble

Indian share prices closed down 3.84 percent on Monday amid Asia-wide market worries that rising inflation could halt US interest rate cuts, dealers said. They said foreign funds booked profits ahead of year-end holidays after India's benchmark Sensex ros
Published 18 Dec, 2007 12:00am
China stock index drops

China stock index drops

China's main stock index plunged 2.6 percent on Monday because of a renewed slide in banking and property shares, which are most vulnerable to monetary tightening, though stocks in many other sectors rose.
Published 18 Dec, 2007 12:00am
Australian shares sag

Australian shares sag

Australian share prices closed down 3.5 percent on Monday to their lowest level in three months in response to falls on Wall Street and a retreat in base metal and commodity prices, dealers said.
Published 18 Dec, 2007 12:00am
Philippines shares weaken

Philippines shares weaken

Philippines share prices closed down 1.5 percent on Monday amid regional weakness after Wall Street's Friday plunge, dealers said. Technical glitches halted trading twice and exacerbated the sell-off, they said, while bullish government economic growth pr
Published 18 Dec, 2007 12:00am
Jakarta shares plunge

Jakarta shares plunge

Indonesian share prices closed 2.7 percent lower on Monday in line with regional markets, on concerns that rising US inflation could make it difficult for more rate cuts there, dealers said. They said as chances of further Fed rate cuts fade, fears that t
Published 18 Dec, 2007 12:00am
New Zealand shares dip

New Zealand shares dip

New Zealand share prices closed 1.15 percent lower on Monday following a sharp decline in Australian and US stocks, dealers said. The benchmark NZX-50 index fell 46.04 points to 3,962.62 on turnover worth 129.0 million dollars (100.3 million US). Falling
Published 18 Dec, 2007 12:00am
Singapore shares slump

Singapore shares slump

Singapore share prices slumped 3.25 percent Monday on worries that rising inflation in the United States may mean an end to further rate cuts by the Federal Reserve, dealers said. The main Straits Times Index fell 112.82 points to 3,353.56.
Published 18 Dec, 2007 12:00am
Tokyo stocks fall

Tokyo stocks fall

Japanese stocks fell for the fourth straight session on Monday, tracking falls on Wall Street after fresh data pointed to a surge in US inflation, dispelling chances of further rate cuts by the Federal Reserve. Financial shares were among the hardest hit,
Published 18 Dec, 2007 12:00am
South Korean won hits three-week low

South Korean won hits three-week low

The South Korean won fell nearly half a percent to a three-week low against the dollar on Monday, weighed down by sharp drops in local stocks led by foreign investor sales. The won ended the local session at 933.5/3.7 per dollar after hitting a low of 933
Published 18 Dec, 2007 12:00am
Taiwan dollar at near two-month low

Taiwan dollar at near two-month low

The Taiwan dollar fell to its lowest level in nearly two months on Monday due to foreign fund outflows after a sharp drop in stocks and as importers bought US dollars, although the central bank helped to limit the local currency's decline.
Published 18 Dec, 2007 12:00am
Australian dollar languishes near three-month lows

Australian dollar languishes near three-month lows

The Australian dollar was mired just above three-month lows against the rebounding US dollar on Monday, with a deepening apathy towards riskier assets also causing investors to turn sour on the local currency.
Published 18 Dec, 2007 12:00am
Dollar pulls back after hitting two-month high

Dollar pulls back after hitting two-month high

The dollar pulled back after hitting a two-month high against a basket of currencies on Monday, with market players taking profits after scoring big gains on data late last week showing a jump in US consumer inflation.
Published 18 Dec, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 68.55/68.61 (previous 68.60/68.61). Call Money Rates: 8.00-16.00 percent (previous 7.45-14.00 percent.
Published 18 Dec, 2007 12:00am
Asian currencies drop against firmer dollar

Asian currencies drop against firmer dollar

Asian currencies fell against a broadly stronger dollar on Monday after US consumer price data dampened prospects of further interest rate cuts from the Federal Reserve, with the Philippine peso leading the declines. The peso hit a one-week low at 41.68 p
Published 18 Dec, 2007 12:00am
Swiss franc firms ahead of data

Swiss franc firms ahead of data

The Swiss franc firmed slightly against the dollar in early trading on Monday, recovering some ground ahead of economic data and a busy schedule of speeches from Swiss central bankers. The franc was changing hands for 1.1524 francs per dollar, up from 1.1
Published 18 Dec, 2007 12:00am
Yuan slides against broadly firmer dollar

Yuan slides against broadly firmer dollar

The yuan ended sharply lower against the dollar on Monday as China's central bank again set a lower reference rate and the dollar continued its rally in overseas markets, dealers said. The yuan ended at 7.3873 per dollar, down from Friday's close of 7.371
Published 18 Dec, 2007 12:00am
US net inflows surge in October, equity buys up

US net inflows surge in October, equity buys up

Net overall capital inflows into the United States surged to $97.8 billion in October from a revised $32.8 billion outflow in September, the Treasury Department said on Monday. October's inflows were more than sufficient to cover the month's US trade defi
Published 18 Dec, 2007 12:00am
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