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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-01-25
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 25 Jan, 2008 12:00am
BRIndex30 drops 102.75 points

BRIndex30 drops 102.75 points

On Thursday, the BRIndex30 opened in the green zone at 15,057.79, with an upward gap of 57.96 points. It closed at 14,897.08 with a net negative change of -102.75 points and percentage change of -0.69. It recorded an intra-day high of 15,083.49 and an int
Published 25 Jan, 2008 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 25 Jan, 2008 12:00am
BRIndex30 drops 102.75 points

BRIndex30 drops 102.75 points

On Thursday, the BRIndex30 opened in the green zone at 15,057.79, with an upward gap of 57.96 points. It closed at 14,897.08 with a net negative change of -102.75 points and percentage change of -0.69. It recorded an intra-day high of 15,083.49 and an int
Published 25 Jan, 2008 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

The KSE-100 index on Thursday declined by 67.87 points to close at 13,719.16 points level amidst thin volume due to declining oil prices in the international market and prevailing uncertainty over foreign capital market performance.
Published 25 Jan, 2008 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 25 Jan, 2008 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

The KSE-100 index on Thursday declined by 67.87 points to close at 13,719.16 points level amidst thin volume due to declining oil prices in the international market and prevailing uncertainty over foreign capital market performance.
Published 25 Jan, 2008 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 25 Jan, 2008 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

The KSE-100 index on Thursday declined by 67.87 points to close at 13,719.16 points level amidst thin volume due to declining oil prices in the international market and prevailing uncertainty over foreign capital market performance.
Published 25 Jan, 2008 12:00am
South African maize stocks down

South African maize stocks down

South Africa's maize stocks fell to 3.193 million tonnes at the end of December from a revised 3.721 million in the previous month while weekly deliveries from farms ticked up, data showed on Wednesday.
Published 25 Jan, 2008 12:00am
What''s in store? economy in 2008

What''s in store? economy in 2008

The year started in Pakistan with dark clouds on the horizon, but no silver lining visible anywhere. On the contrary, every thing points to toil, turmoil and tears, and more of the same till infinity.
Published 25 Jan, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 129,732 tonnes cargo including 85,786 tonnes import, 43,946 tonnes export cargo and 5,559 containers (TEUs) during last 24 hours ending at 0700 hours on Thursday.
Published 25 Jan, 2008 12:00am
What's in store? economy in 2008

What's in store? economy in 2008

The year started in Pakistan with dark clouds on the horizon, but no silver lining visible anywhere. On the contrary, every thing points to toil, turmoil and tears, and more of the same till infinity.
Published 25 Jan, 2008 12:00am
US corn futures down the 20-cent limit

US corn futures down the 20-cent limit

US corn futures on the Chicago Board of Trade fell the 20-cent per bushel limit on Wednesday on concerns about a slowing global economy and the possibility of a US-led recession, traders said. Traders monitored US stock markets to gauge recessionary fears
Published 25 Jan, 2008 12:00am
What's in store? economy in 2008

What's in store? economy in 2008

The year started in Pakistan with dark clouds on the horizon, but no silver lining visible anywhere. On the contrary, every thing points to toil, turmoil and tears, and more of the same till infinity.
Published 25 Jan, 2008 12:00am
FOB Gulf soya and wheat rise; corn steady

FOB Gulf soya and wheat rise; corn steady

US FOB Gulf soyabean basis offers rose on Wednesday as China bought a few cargoes and futures prices closed down the daily trading limit of 50 cents a bushel on recession fears, traders said. Corn export premiums held mostly steady, despite the sharp fall
Published 25 Jan, 2008 12:00am
German company to begin operations in Pakistan

German company to begin operations in Pakistan

The chief executive officer of DF Deutsche Forfait AG Pakistan (Pvt) Limited, Salman Mamoon Ahmad confirmed that his organisation had decided to tap the virgin Pakistani market by introducing export finance services.
Published 25 Jan, 2008 12:00am
Pakistan and Canada agree to boost economic ties

Pakistan and Canada agree to boost economic ties

Pakistan and Canada have expressed resolve to further enhance their bilateral economic co-operation, a foreign ministry statement said after top diplomats from both countries met here on Thursday.
Published 25 Jan, 2008 12:00am
Wheat prices up amid sharp fluctuations

Wheat prices up amid sharp fluctuations

Wheat prices were sharply higher on the grain market on Thursday in process of trading, dealers said. On the cereal side, wheat gained further Rs 100 to Rs 1700-1715, they said. Gur better type gained Rs 150 to Rs 2400 while inferior type maintained its o
Published 25 Jan, 2008 12:00am
Safta to hold seminar on Pak-Bangladesh trade opportunities

Safta to hold seminar on Pak-Bangladesh trade opportunities

Pakistan High Commission, Dhaka is holding two seminars on Bangladesh-Pakistan trade opportunities under Safta. The seminar will be held Jointly with Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Dhaka on January 26, Saturday, from 1
Published 25 Jan, 2008 12:00am
US Midwest corn and soybean bids steady to firm

US Midwest corn and soybean bids steady to firm

Spot basis bids for corn and soybeans were steady to firm around the US Midwest on Wednesday amid scattered country movement, grain dealers said. Sharp downturns in the futures market slashed 50 cents per bushel off the cash price of soybeans and 20 cents
Published 25 Jan, 2008 12:00am
Pakistan and Malaysia pledge to take business ties to higher level

Pakistan and Malaysia pledge to take business ties to higher level

President Pervez Musharraf and Malaysian Prime Minister Abdullah Badawi met here on Thursday on the side lines of the annual conference of World Economic Forum and pledged to take their existing trade and economic relations to higher level.
Published 25 Jan, 2008 12:00am
US wheat futures decline

US wheat futures decline

US wheat futures closed sharply lower on Wednesday, following declines in corn, soybeans, crude oil and gold as large speculators sold on fears of an economic recession, traders said. US stocks were volatile, with the Dow Jones industrial average at one p
Published 25 Jan, 2008 12:00am
Societe Generale hit by $7.16 billion fraud

Societe Generale hit by $7.16 billion fraud

French bank Societe Generale disclosed one of the biggest alleged frauds in financial history on Thursday, adding to a wave of gloom surrounding world markets battered by credit market losses. Societe Generale, France''s second-biggest listed bank, said i
Published 25 Jan, 2008 12:00am
Oil cake market rates

Oil cake market rates

Downward trend was again witnessed on the forward cottonseed oilcake market on Wednesday as most of the buyers were not in a hurry to seal any deal in expectations of fall in prices, dealers said. The January vaida opened unchanged at Rs 655.00 and closin
Published 25 Jan, 2008 12:00am
Societe Generale hit by $7.16 billion fraud

Societe Generale hit by $7.16 billion fraud

French bank Societe Generale disclosed one of the biggest alleged frauds in financial history on Thursday, adding to a wave of gloom surrounding world markets battered by credit market losses. Societe Generale, France's second-biggest listed bank, said it
Published 25 Jan, 2008 12:00am
Rates remain firm, volume up on cotton market

Rates remain firm, volume up on cotton market

Quality factor pushed the prices slightly up on the cotton market on Thursday despite the falling trend in the world market, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3200, they said.
Published 25 Jan, 2008 12:00am
Societe Generale hit by $7.16 billion fraud

Societe Generale hit by $7.16 billion fraud

French bank Societe Generale disclosed one of the biggest alleged frauds in financial history on Thursday, adding to a wave of gloom surrounding world markets battered by credit market losses. Societe Generale, France's second-biggest listed bank, said it
Published 25 Jan, 2008 12:00am
Weak tendency on cotton market

Weak tendency on cotton market

Though the local lint prices have not gone down like the tumble seen on the New York cotton futures market this week, sentiment in the domestic market remains weak. Though the better grades of cotton are still being offered at higher rates. A declining te
Published 25 Jan, 2008 12:00am
Weak tendency on cotton market

Weak tendency on cotton market

Though the local lint prices have not gone down like the tumble seen on the New York cotton futures market this week, sentiment in the domestic market remains weak. Though the better grades of cotton are still being offered at higher rates. A declining te
Published 25 Jan, 2008 12:00am
Weekly world market rice prices

Weekly world market rice prices

The US Agriculture Department's Commodity Credit Corp announced the following world market prices of milled and rough rice. The data is adjusted for US milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (L
Published 25 Jan, 2008 12:00am
New York cocoa higher

New York cocoa higher

US cocoa futures settled firm on Wednesday, after a choppy session that saw speculators on both sides of the market, traders said.
Published 25 Jan, 2008 12:00am
MGE spring wheat drifts lower

MGE spring wheat drifts lower

The spot MGE March contract on Wednesday fell 12 cents, or 1 percent, to close at $12.07 per bushel. However, during Asian trading hours, March spring wheat had surged to $12.45, a new all-time high for any US wheat contract. Volume at the CBOT was estima
Published 25 Jan, 2008 12:00am
New York arabica sinks

New York arabica sinks

Arabica coffee futures closed sharply lower on Wednesday, after late-day fund selling triggered sell stops in an inside day that retraced Tuesday's gains, traders said. "The market's just consolidating between $1.30 and $1.35, just kind of following the o
Published 25 Jan, 2008 12:00am
Revised tariff of Discos breeds trouble for government

Revised tariff of Discos breeds trouble for government

The revised tariff of Wapda distribution companies (Discos) has bred trouble for the federal government as the new rates would adversely hit revenue targets of four Punjab-based entities - Islamabad Electric Supply Company, Lahore Electric Supply Company,
Published 25 Jan, 2008 12:00am
US copper futures softer

US copper futures softer

US copper futures closed 4 percent lower in volatile trading on Wednesday amid fears of a recession and uncertainties over the red metal's near-term direction. Benchmark copper for March delivery on the New York Mercantile Exchange's COMEX division ended
Published 25 Jan, 2008 12:00am
Revised tariff of Discos breeds trouble for government

Revised tariff of Discos breeds trouble for government

The revised tariff of Wapda distribution companies (Discos) has bred trouble for the federal government as the new rates would adversely hit revenue targets of four Punjab-based entities - Islamabad Electric Supply Company, Lahore Electric Supply Company,
Published 25 Jan, 2008 12:00am
US gold softens

US gold softens

US gold futures finished lower after trading in a $20 range on Wednesday, hit by a strengthened dollar and as they tracked choppy movements in the equity markets. Market watchers said volatility in the gold futures market could remain in the near term due
Published 25 Jan, 2008 12:00am
Revised tariff of Discos breeds trouble for government

Revised tariff of Discos breeds trouble for government

The revised tariff of Wapda distribution companies (Discos) has bred trouble for the federal government as the new rates would adversely hit revenue targets of four Punjab-based entities - Islamabad Electric Supply Company, Lahore Electric Supply Company,
Published 25 Jan, 2008 12:00am
Gold regains lustre in Asia

Gold regains lustre in Asia

Gold extended gains on Thursday on firmer oil and bargain hunting after this week's drop to a three-week low, but trading was muted as investors watched movements in the dollar ahead of a US Federal Reserve meeting. Spot gold hit an intraday high of $893.
Published 25 Jan, 2008 12:00am
Rs 452.3 million loss detected in returns desk-audit

Rs 452.3 million loss detected in returns desk-audit

The desk-audit of income tax returns has detected huge revenue loss of Rs 452.321 million, showing corporate sector''s failure to deposit four equal quarterly instalments of advance tax under Income Tax Ordinance, 2001.
Published 25 Jan, 2008 12:00am
Asian physical rubber prices

Asian physical rubber prices

Asian physical rubber prices slipped on Thursday as buyers waited for prices to fall after futures contracts dipped on the Tokyo Commodity Exchange, which sets global price trends. Physical trade was slow with buyers, including China, the world's biggest
Published 25 Jan, 2008 12:00am
Rs 452.3 million loss detected in returns desk-audit

Rs 452.3 million loss detected in returns desk-audit

The desk-audit of income tax returns has detected huge revenue loss of Rs 452.321 million, showing corporate sector's failure to deposit four equal quarterly instalments of advance tax under Income Tax Ordinance, 2001.
Published 25 Jan, 2008 12:00am
Oil recovers on global stock markets surge

Oil recovers on global stock markets surge

Oil prices rebounded on Thursday, after a late surge in US stock indices helped cool simmering fears of a recession in top energy consumer the United States. US stocks reversed a five-day slide on Wednesday, giving further boost to major Asian share marke
Published 25 Jan, 2008 12:00am
Rs 452.3 million loss detected in returns desk-audit

Rs 452.3 million loss detected in returns desk-audit

The desk-audit of income tax returns has detected huge revenue loss of Rs 452.321 million, showing corporate sector's failure to deposit four equal quarterly instalments of advance tax under Income Tax Ordinance, 2001.
Published 25 Jan, 2008 12:00am
Cameroon August-December cocoa exports slip 20 percent

Cameroon August-December cocoa exports slip 20 percent

Cameroon's August-December cocoa exports fell 20 percent year-on-year to 97,995 tonnes, the Cocoa and Coffee Interprofessional Board (CCIB) said on Thursday, after heavy rains delayed the flow of beans from the bush.
Published 25 Jan, 2008 12:00am
Police defuse time-bomb minutes before Nawaz arrival

Police defuse time-bomb minutes before Nawaz arrival

Police defused a roadside time-bomb just minutes before the opposition leader, Nawaz Sharif was due to pass the spot in Peshawar on Thursday, officials said. Former Prime Minister, Nawaz was travelling in a convoy to address a lawyers' convention and a po
Published 25 Jan, 2008 12:00am
US rice futures lower

US rice futures lower

US rough rice futures on the Chicago Board of Trade ended lower on Wednesday amid US economic jitters and concerns about the possibility of a recession, traders said. The weakness in the US stocks markets during the CBOT trading session intensified recess
Published 25 Jan, 2008 12:00am
Police defuse time-bomb minutes before Nawaz arrival

Police defuse time-bomb minutes before Nawaz arrival

Police defused a roadside time-bomb just minutes before the opposition leader, Nawaz Sharif was due to pass the spot in Peshawar on Thursday, officials said. Former Prime Minister, Nawaz was travelling in a convoy to address a lawyers' convention and a po
Published 25 Jan, 2008 12:00am
New York sugar easier

New York sugar easier

Raw sugar futures finished softer Wednesday on speculative fund sales as the market took a breather after its recent wild swings and players will be looking for leads on its next move, brokers said. The March electronic sugar contract was 0.13 cent easier
Published 25 Jan, 2008 12:00am
US scientists close to creating artificial life: study

US scientists close to creating artificial life: study

US scientists have taken a major step toward creating the first ever artificial life form by synthetically reproducing the DNA of a bacteria, according to a study published Thursday. The move is seen as the penultimate stage in the huge endeavour to creat
Published 25 Jan, 2008 12:00am
Indonesian crude palm oil rebounds

Indonesian crude palm oil rebounds

Indonesian crude palm oil prices rebounded on Thursday tracking gains in Malaysian palm oil futures, but players stayed cautious on sharp gains in prices. The state marketing centre in Jakarta sold crude palm oil at 9,138 rupiah ($0.975) a kg, up 1.5 perc
Published 25 Jan, 2008 12:00am
Tentative deal on US economic package

Tentative deal on US economic package

The White House and the Democratic-led US Congress on Thursday reached a tentative deal on an economic stimulus package of tax rebates for families and incentives for business investment with a cost that a top Democrat said may exceed $150 billion.
Published 25 Jan, 2008 12:00am
Yellow metal to surge more than 20 percent in 2008

Yellow metal to surge more than 20 percent in 2008

Average gold prices will surge more than 20 percent this year and retain most gains in 2009 as dollar weakness, market turmoil and inflation fears stoke investor interest, a Reuters poll showed on Wednesday.
Published 25 Jan, 2008 12:00am
Tentative deal on US economic package

Tentative deal on US economic package

The White House and the Democratic-led US Congress on Thursday reached a tentative deal on an economic stimulus package of tax rebates for families and incentives for business investment with a cost that a top Democrat said may exceed $150 billion.
Published 25 Jan, 2008 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin rose 1.4 percent on Thursday on the back of higher London Metal Exchange prices and strong demand at the opening price level, one dealer said.
Published 25 Jan, 2008 12:00am
Tentative deal on US economic package

Tentative deal on US economic package

The White House and the Democratic-led US Congress on Thursday reached a tentative deal on an economic stimulus package of tax rebates for families and incentives for business investment with a cost that a top Democrat said may exceed $150 billion.
Published 25 Jan, 2008 12:00am
US soya futures fall 50-cent limit

US soya futures fall 50-cent limit

US soybean futures on the Chicago Board of Trade closed lower the 50-cent trading limit on Wednesday on follow-through pressure from recession fears amid sinking financial markets, traders said. The Dow Jones industrial average was down about 200 points d
Published 25 Jan, 2008 12:00am
Soomro for enhancing rice exports after local needs

Soomro for enhancing rice exports after local needs

Caretaker Prime Minister Mohammedmian Soomro said on Thursday that export of rice, which is one of the major sources of foreign exchange, has to be encouraged only after ensuring the local needs. He emphasised the need for proper monitoring of rice produc
Published 25 Jan, 2008 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian crude palm oil futures rose on Thursday after a rebound in rival soyoil prices lured investors back into the market, but fears of weaker exports kept them cautious. Palm oil, which surged to an all-time record high of 3,420 ringgit last week, ha
Published 25 Jan, 2008 12:00am
Soomro for enhancing rice exports after local needs

Soomro for enhancing rice exports after local needs

Caretaker Prime Minister Mohammedmian Soomro said on Thursday that export of rice, which is one of the major sources of foreign exchange, has to be encouraged only after ensuring the local needs. He emphasised the need for proper monitoring of rice produc
Published 25 Jan, 2008 12:00am
Cars drive Japan surplus forward in 2007

Cars drive Japan surplus forward in 2007

Robust car exports led Japan's trade surplus to grow for the first time in three years in 2007, but a weakening US economy and high oil prices are increasingly dragging down growth, data showed Thursday.
Published 25 Jan, 2008 12:00am
Soomro for enhancing rice exports after local needs

Soomro for enhancing rice exports after local needs

Caretaker Prime Minister Mohammedmian Soomro said on Thursday that export of rice, which is one of the major sources of foreign exchange, has to be encouraged only after ensuring the local needs. He emphasised the need for proper monitoring of rice produc
Published 25 Jan, 2008 12:00am
Lockheed Martin profit up, raises outlook

Lockheed Martin profit up, raises outlook

Lockheed Martin Corp said on Thursday quarterly profit rose, on strong sales of its electronic warfare, information and space systems. The world's largest defence contractor, which makes F-16 fighter jets and Patriot missiles, and carries out a host of ci
Published 25 Jan, 2008 12:00am
Lockheed Martin profit up, raises outlook

Lockheed Martin profit up, raises outlook

Lockheed Martin Corp said on Thursday quarterly profit rose, on strong sales of its electronic warfare, information and space systems. The world's largest defence contractor, which makes F-16 fighter jets and Patriot missiles, and carries out a host of ci
Published 25 Jan, 2008 12:00am
Allianz hits 2007 goal despite subprime

Allianz hits 2007 goal despite subprime

Europe's largest insurer Allianz dispelled investor worries of big subprime write-downs on Thursday by revealing it had hit its 2007 profit targets despite the credit turmoil in the fourth quarter.
Published 25 Jan, 2008 12:00am
Allianz hits 2007 goal despite subprime

Allianz hits 2007 goal despite subprime

Europe's largest insurer Allianz dispelled investor worries of big subprime write-downs on Thursday by revealing it had hit its 2007 profit targets despite the credit turmoil in the fourth quarter.
Published 25 Jan, 2008 12:00am
IMF still sees no US recession, delays WEO update

IMF still sees no US recession, delays WEO update

The International Monetary Fund still sees the United States averting recession, despite the latest developments, an IMF spokesman said Thursday. "We still see a period of below-potential growth as the most likely scenario for the US," spokesman Massood A
Published 25 Jan, 2008 12:00am
China's economy roars in 2007, slowdown seen

China's economy roars in 2007, slowdown seen

China economy grew 11.4 percent in 2007, the fastest pace in 13 years, but is headed for a modest slowdown this year as global demand weakens and credit curbs to cap inflation ripple through the country.
Published 25 Jan, 2008 12:00am
AT&T posts strong wireless growth

AT&T posts strong wireless growth

AT&T Inc on Thursday posted stronger-than-expected wireless growth in the fourth quarter and reiterated its 2008 outlook, easing investor concerns that US economic weakness would hurt its subscriber growth.
Published 25 Jan, 2008 12:00am
AT&T posts strong wireless growth

AT&T posts strong wireless growth

AT&T Inc on Thursday posted stronger-than-expected wireless growth in the fourth quarter and reiterated its 2008 outlook, easing investor concerns that US economic weakness would hurt its subscriber growth.
Published 25 Jan, 2008 12:00am
China replaces US as Japan's biggest export market

China replaces US as Japan's biggest export market

China overtook the United States as Japan's biggest export destination in 2007 for the first time in modern history, a symbolic move that has softened the impact of a deepening US slowdown on the Japanese economy.
Published 25 Jan, 2008 12:00am
Siemens profit rises

Siemens profit rises

Scandal-hit German engineering group Siemens thrilled the stock market on Thursday with a sharp increase in its third quarter net profit but the result was unlikely to calm restive shareholders.
Published 25 Jan, 2008 12:00am
Siemens profit rises

Siemens profit rises

Scandal-hit German engineering group Siemens thrilled the stock market on Thursday with a sharp increase in its third quarter net profit but the result was unlikely to calm restive shareholders.
Published 25 Jan, 2008 12:00am
ADB extends loans to India and Nepal

ADB extends loans to India and Nepal

The Asian Development Bank said Thursday it would provide a loan of 350 million dollars to improve urban infrastructure and services in India's mountainous northern state of Uttarakhand.
Published 25 Jan, 2008 12:00am
Nokia's fourth quarter profits jump

Nokia's fourth quarter profits jump

Nokia, the world's top cellphone maker, reported a 57 percent rise in earnings per share in the October-to-December quarter, with booming demand in emerging markets boosting its global market share to 40 percent.
Published 25 Jan, 2008 12:00am
Nokia's fourth quarter profits jump

Nokia's fourth quarter profits jump

Nokia, the world's top cellphone maker, reported a 57 percent rise in earnings per share in the October-to-December quarter, with booming demand in emerging markets boosting its global market share to 40 percent.
Published 25 Jan, 2008 12:00am
Unexpected good news as US jobless claims drop

Unexpected good news as US jobless claims drop

Unexpected strength from weekly US jobless claims provided rare good news for the troubled US economy on Thursday, but a measure of buying demand in the housing market continued to chill.
Published 25 Jan, 2008 12:00am
Regal raises 80 million pound in share issue, LSE probes

Regal raises 80 million pound in share issue, LSE probes

UK oil and gas explorer Regal Petroleum Plc said on Thursday it had raised around 80 million pounds through a share placing and added it was being investigated by the London Stock Exchange for alleged breaches of market rules.
Published 25 Jan, 2008 12:00am
Regal raises 80 million pound in share issue, LSE probes

Regal raises 80 million pound in share issue, LSE probes

UK oil and gas explorer Regal Petroleum Plc said on Thursday it had raised around 80 million pounds through a share placing and added it was being investigated by the London Stock Exchange for alleged breaches of market rules.
Published 25 Jan, 2008 12:00am
Egypt sees strong investment and exports

Egypt sees strong investment and exports

Egypt expects another strong year for foreign investment, and sees exports growing by one fifth despite a slowdown in key developed markets, Trade and Industry Minister Rachid Mohamed Rachid said on Thursday.
Published 25 Jan, 2008 12:00am
Wealth funds bristle at rich country wariness

Wealth funds bristle at rich country wariness

The United States and other countries must not demonise sovereign wealth funds as they come to the aid of troubled US banks, some of the world's biggest state-run investors said on Thursday. A top US official denied the United States feared government-run
Published 25 Jan, 2008 12:00am
Wealth funds bristle at rich country wariness

Wealth funds bristle at rich country wariness

The United States and other countries must not demonise sovereign wealth funds as they come to the aid of troubled US banks, some of the world's biggest state-run investors said on Thursday. A top US official denied the United States feared government-run
Published 25 Jan, 2008 12:00am
Euro zone January services PMI at 4-1/2-year low

Euro zone January services PMI at 4-1/2-year low

Euro zone services growth slumped significantly below forecasts to a rate not seen in over four years this month, but manufacturing growth remained unchanged from December, a key survey showed on Wednesday.
Published 25 Jan, 2008 12:00am
ICAP profit to top forecasts on rising volatility

ICAP profit to top forecasts on rising volatility

ICAP Plc, the world's biggest inter-dealer broker, said on Thursday increased financial market volatility would help its full-year pretax profit to top analysts' expectations, boosting its shares 6 percent.
Published 25 Jan, 2008 12:00am
Foreign investors sceptical on Asia despite Fed cut

Foreign investors sceptical on Asia despite Fed cut

Foreign investors remain nervous about the impact of a US economic downturn on Asia and a surprise interest rate cut by the Federal Reserve is insufficient to attract funds back into the region. The Fed cut its federal funds target rate by three-quarters
Published 25 Jan, 2008 12:00am
South Korea predicts no breakthrough in next FTA talks with EU

South Korea predicts no breakthrough in next FTA talks with EU

South Korean officials said Thursday they want to seal a free trade pact with the European Union as soon as possible this year, but that there would be no breakthrough in next week's round of talks. "Critical issues will not be discussed at talks next wee
Published 25 Jan, 2008 12:00am
WWF backs UAE's push for greener cleaner future

WWF backs UAE's push for greener cleaner future

Global conservation group WWF on Wednesday backed the oil-rich United Arab Emirates' plan to build the world's first zero-carbon emissions city and a futuristic solar-powered electricity plant.
Published 25 Jan, 2008 12:00am
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