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Sep 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-02-06
No let-up in flour price hike despite fall in wheat rate

No let-up in flour price hike despite fall in wheat rate

Despite the decline in the wheat grain price in the local market and huge supply of wheat at subsidised rate to mills, the prices of flour have not come down to their previous level and flourmills are still earning massive profit.
Published 06 Feb, 2008 12:00am
No let-up in flour price hike despite fall in wheat rate

No let-up in flour price hike despite fall in wheat rate

Despite the decline in the wheat grain price in the local market and huge supply of wheat at subsidised rate to mills, the prices of flour have not come down to their previous level and flourmills are still earning massive profit.
Published 06 Feb, 2008 12:00am
No let-up in flour price hike despite fall in wheat rate

No let-up in flour price hike despite fall in wheat rate

Despite the decline in the wheat grain price in the local market and huge supply of wheat at subsidised rate to mills, the prices of flour have not come down to their previous level and flourmills are still earning massive profit.
Published 06 Feb, 2008 12:00am
Pakistan Peoples Party

Pakistan Peoples Party

To the officials and members of Pakistan Peoples Party I say that I was honoured to lead you. No leader could be as proud of their party, their dedication, devotion and discipline to the mission of Quaid-e-Awam Zulfikar Ali Bhutto for a Federal Democratic
Published 06 Feb, 2008 12:00am
Pakistan Peoples Party

Pakistan Peoples Party

To the officials and members of Pakistan Peoples Party I say that I was honoured to lead you. No leader could be as proud of their party, their dedication, devotion and discipline to the mission of Quaid-e-Awam Zulfikar Ali Bhutto for a Federal Democratic
Published 06 Feb, 2008 12:00am
PPP unveils will naming Asif as successor

PPP unveils will naming Asif as successor

The party of slain opposition leader Benazir Bhutto released her will to the public on Tuesday to prove that it names her husband as her political heir. The move follows a whispering campaign that Benazir Bhutto had not handed the leadership of the Pakist
Published 06 Feb, 2008 12:00am
The Weather

The Weather

The weather report on Tuesday (February 05, 2008) and the forecast for Wednesday (February 06, 2008).
Published 06 Feb, 2008 12:00am
PPP unveils will naming Asif as successor

PPP unveils will naming Asif as successor

The party of slain opposition leader Benazir Bhutto released her will to the public on Tuesday to prove that it names her husband as her political heir. The move follows a whispering campaign that Benazir Bhutto had not handed the leadership of the Pakist
Published 06 Feb, 2008 12:00am
Stocks slide on global service sector weakness

Stocks slide on global service sector weakness

US stocks fell sharply in early trade on Tuesday, driven by a sharp retrenchment in the US services sector last month that raised fears of a recession and contributed to stock weakness in Europe and Asia. Concerns the US credit crisis is spreading beyond
Published 06 Feb, 2008 12:00am
Stocks slide on global service sector weakness

Stocks slide on global service sector weakness

US stocks fell sharply in early trade on Tuesday, driven by a sharp retrenchment in the US services sector last month that raised fears of a recession and contributed to stock weakness in Europe and Asia. Concerns the US credit crisis is spreading beyond
Published 06 Feb, 2008 12:00am
New York cotton

New York cotton

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

Published 06 Feb, 2008 12:00am
Stocks slide on global service sector weakness

Stocks slide on global service sector weakness

US stocks fell sharply in early trade on Tuesday, driven by a sharp retrenchment in the US services sector last month that raised fears of a recession and contributed to stock weakness in Europe and Asia. Concerns the US credit crisis is spreading beyond
Published 06 Feb, 2008 12:00am
New York cotton

New York cotton

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

Published 06 Feb, 2008 12:00am
Nymex crude ends steady

Nymex crude ends steady

US crude futures steadied on Tuesday, hovering just below $90 a barrel, supported by news a dense sea fog has halted crude imports into the Houston Ship Channel, the waterway to the busiest US petrochemical port. NYMEX crude for March delivery fell 14 cen
Published 06 Feb, 2008 12:00am
Hungary's new grain crop developing well

Hungary's new grain crop developing well

Hungary's new grains crop is developing well due to mild weather and ample rainfall and producers expect a medium to good season after last year's poor harvest, a grain producers' body said on Monday.
Published 06 Feb, 2008 12:00am
New York arabica coffee ends at eight-year high

New York arabica coffee ends at eight-year high

Arabica coffee futures settled at an eight-year high Monday, buoyed by fund and speculative buying that triggered buy stops, traders said. "Once we got over $1.416, stops were elected catapulting prices up to the $1.445 high. Interestingly though, we fail
Published 06 Feb, 2008 12:00am
MGE wheat soars to record high

MGE wheat soars to record high

Spring wheat futures at the Minneapolis Grain Exchange soared to a record high $14.33 per bushel on Monday on fund buying and on aggressive demand for a tight supply of top-quality high-protein spring wheat, traders said.
Published 06 Feb, 2008 12:00am
New York cocoa settles at five-year high

New York cocoa settles at five-year high

US cocoa futures finished at a five-year high on Monday, buoyed by speculative buying and a firm sterling with further gains capped by profit taking, dealers said.
Published 06 Feb, 2008 12:00am
Thai sugar: trade active despite firm prices

Thai sugar: trade active despite firm prices

The premium on Thai raw sugar rose slightly on Monday, reflecting better demand as importers kept buying despite firm prices. The premium was quoted at 162 points over New York prices for March shipment, up slightly from 160 points quoted in January. "Buy
Published 06 Feb, 2008 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper prices rose on Tuesday, in anticipation of healthy demand after the Chinese New Year holidays, while zinc and aluminium slid as investors took profit following gains in previous sessions.
Published 06 Feb, 2008 12:00am
US copper higher

US copper higher

US copper futures settled higher on Monday after a large earthquake reported in Chile's mineral-rich northern region gave the market a late boost in an otherwise sleepy trading session, analysts said. "After the news came out, copper spiked a little bit b
Published 06 Feb, 2008 12:00am
US gold finishes off lows

US gold finishes off lows

US gold futures extended Friday's losses but finished off their lows on Monday, as rising crude oil prices increased the metal's appeal as a hedge against inflation. However, profit taking and chart-based weakness could weigh on gold in the near term afte
Published 06 Feb, 2008 12:00am
Platinum at record above $1,800 in Asia

Platinum at record above $1,800 in Asia

Platinum spiked to another record high above $1,800 an ounce in volatile trade on Tuesday, with South African mines reporting slow progress in jacking up production in the midst of an electricity supply crisis.
Published 06 Feb, 2008 12:00am
US soybean futures soar

US soybean futures soar

US soybean futures on the Chicago Board of Trade surged on Monday amid beginning-of-the-month fund buying, Brazilian crop concerns and spillover buying from soybean oil which hit a record high, traders said. "We're divorced from the outside markets right
Published 06 Feb, 2008 12:00am
Cuban sugar production could grow after Castro

Cuban sugar production could grow after Castro

Cuba, formerly one of the most powerful sugar economies in the world, has the potential to boost its sugar output post-Castro but will require substantial investment, a senior sugar analyst said on Tuesday.
Published 06 Feb, 2008 12:00am
Oil falls after ships enter US Houston port

Oil falls after ships enter US Houston port

Oil edged down on Tuesday to just below $90 a barrel, following news that some ships had passed through into the Houston area in the United States after a dense sea fog that halted crude imports, lifted briefly. US light crude for March delivery fell 30 c
Published 06 Feb, 2008 12:00am
Indian sugar futures ease

Indian sugar futures ease

Indian sugar futures eased on Tuesday after an industry body raised its countrywide output estimate for the current season, and a government official said subsidies to promote exports were temporary. The February contract on the National Commodity and Der
Published 06 Feb, 2008 12:00am
Indian soyoil up

Indian soyoil up

Indian soyoil futures rose to new contract highs for a second day on Tuesday on firm demand in the physical market and tight supplies from millers. Profit-booking emerged later tracking rival Malaysian palm oil, which fell more than 100 ringgit from the d
Published 06 Feb, 2008 12:00am
New York sugar lower

New York sugar lower

Raw sugar futures settled lower on Monday on late speculative selling in moderate business, brokers said, adding that switch trade from investors moving positions out of the spot contract is expected to speed up this week.
Published 06 Feb, 2008 12:00am
Indonesia 2008 CPO exports seen up

Indonesia 2008 CPO exports seen up

Indonesian crude palm oil exports are likely to increase to 12-13 million tonnes in 2008, compared with 11.1 million tonnes last year, a senior executive at the agriculture ministry said on Tuesday. Indonesia is the largest palm oil producer, after overta
Published 06 Feb, 2008 12:00am
US rice futures end mixed

US rice futures end mixed

US rough rice futures on the Chicago Board of Trade closed mixed on Monday, with the nearbys pressured by profit-taking after notching an all-time high late last week, traders said. "We got into a little profit-taking when we got up to $15.20" per hundred
Published 06 Feb, 2008 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Tokyo rubber futures inched down on Tuesday as traders continued to take profits after prices hit a three-week high the previous day, while the lead contract managed to hover around the key 300 yen level. The benchmark rubber contract for July delivery on
Published 06 Feb, 2008 12:00am
Malaysian palm oil hits record high

Malaysian palm oil hits record high

Malaysian crude palm oil prices surged to a record high of 3,458 ringgit on Tuesday after Indonesia said it could increase export taxes, raising concerns about supplies. The market also took a cue from a buoyant US soyoil market, which rose to a record hi
Published 06 Feb, 2008 12:00am
Toyota posts record profit

Toyota posts record profit

Japan's Toyota Motor Corp said Tuesday that its third-quarter net profit rose 7.5 percent to a record high on the back of fast-growing sales overseas, particularly in emerging markets.
Published 06 Feb, 2008 12:00am
Toyota posts record profit

Toyota posts record profit

Japan's Toyota Motor Corp said Tuesday that its third-quarter net profit rose 7.5 percent to a record high on the back of fast-growing sales overseas, particularly in emerging markets.
Published 06 Feb, 2008 12:00am
UK-designed jet could reach Australia in under five hours

UK-designed jet could reach Australia in under five hours

British engineers unveiled plans Tuesday for a hypersonic jet which could fly from Europe to Australia in less than five hours. The A2 plane, designed by engineering company Reaction Engines based in Oxfordshire, southern England, could carry 300 passenge
Published 06 Feb, 2008 12:00am
Microsoft to borrow money for Yahoo deal

Microsoft to borrow money for Yahoo deal

Microsoft Corp said on Monday it may borrow money for the first time in its history to fund a portion of its $44.6 billion unsolicited offer for Yahoo Inc.
Published 06 Feb, 2008 12:00am
Negotiators to discuss scope of key Doha talks

Negotiators to discuss scope of key Doha talks

Negotiators working on a new global trade deal need to decide whether to limit a key meeting to agriculture and industry or broaden it to areas such as services, officials and diplomats said on Tuesday.
Published 06 Feb, 2008 12:00am
Global music companies in fresh China piracy suit

Global music companies in fresh China piracy suit

Three of the world's most influential music labels launched fresh legal action against China's top Internet search engine Baidu for pirating music files, the recording industry's trade body said.
Published 06 Feb, 2008 12:00am
US services index plummets

US services index plummets

The US services sector retrenched sharply in January to levels not seen since the 2001 recession, renewing fears about an economic slump, according to a survey released on Tuesday. The Institute for Supply Management's index of non-manufacturing plummeted
Published 06 Feb, 2008 12:00am
Signs of life in UK economy but price pressures build

Signs of life in UK economy but price pressures build

Britain's economy may not be slowing as much as feared after surveys on Tuesday showed a resilient services sector and housing market, reducing expectations interest rates are set to tumble.
Published 06 Feb, 2008 12:00am
Alstom launches faster high-speed train

Alstom launches faster high-speed train

France's Alstom unveiled a new generation of faster high-speed trains on Tuesday in a bid to keep ahead of rivals Siemens and Bombardier in the multi-billion dollar rail transport market.
Published 06 Feb, 2008 12:00am
Indian state bans poultry trade to curb bird flu

Indian state bans poultry trade to curb bird flu

Authorities in eastern India banned the trade and consumption of poultry on Tuesday to stamp out a bird flu outbreak that officials said was now nearly under control. In other parts of South Asia, authorities battled to contain the virus.
Published 06 Feb, 2008 12:00am
Ukraine signs WTO accession agreement

Ukraine signs WTO accession agreement

Ukrainian President Viktor Yushschenko on Tuesday signed an agreement here that will enable Ukraine to join the World Trade Organisation after nearly 15 years of often torturous negotiations. The Ukrainian parliament now has six months to ratify the acces
Published 06 Feb, 2008 12:00am
Eurozone retail sales drop

Eurozone retail sales drop

Eurozone retail sales defied expectations of a monthly rise in December and fell despite a Christmas shopping spree, pointing to a steady decline in consumer demand and a slowing economy. Retail sales in the then 13-nation currency area fell 0.1 percent m
Published 06 Feb, 2008 12:00am
Paulson sees slower growth, markets recovering

Paulson sees slower growth, markets recovering

US Treasury Secretary Henry Paulson said on Tuesday he believes the US economy will manage to grow slowly in the near term and capital markets will recover from a difficult period of stress as they reassess and reprice risk.
Published 06 Feb, 2008 12:00am
Chinese stocks fall

Chinese stocks fall

Chinese stocks were mixed on Tuesday but the main index was knocked down by slides in banking shares and heavyweight PetroChina, which tumbled as shares from its IPO last year came on the market. Metal-related shares continued to rise, as investors bet st
Published 06 Feb, 2008 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks fell 0.89 percent on Tuesday amid renewed concerns over the health of the US economy, but Sinopec bucked the trend to close higher on expectations of lower oil prices.
Published 06 Feb, 2008 12:00am
Thai shares drift lower

Thai shares drift lower

Thai share prices closed 0.48 percent lower on Tuesday, ending five consecutive days of gains and falling in line with other regional markets, dealers said. They said that investors remain cautious over concerns about the US economy, while trading was lig
Published 06 Feb, 2008 12:00am
US treasury debt prices slip

US treasury debt prices slip

US Treasury debt prices fell on Monday as bond traders took profits ahead of new supply of government bonds this week, cashing in on a recent rally that has been stoked by fears of a pending US recession.
Published 06 Feb, 2008 12:00am
US treasury debt prices slip

US treasury debt prices slip

US Treasury debt prices fell on Monday as bond traders took profits ahead of new supply of government bonds this week, cashing in on a recent rally that has been stoked by fears of a pending US recession.
Published 06 Feb, 2008 12:00am
Philippines shares lower

Philippines shares lower

Philippines share prices closed 1.2 percent lower on Tuesday on profit taking after a drop on Wall Street overnight and negative domestic political news, dealers said. Nagging concerns about the state of the US economy along with local political concerns
Published 06 Feb, 2008 12:00am
Indonesian shares move up

Indonesian shares move up

Indonesian share prices closed 0.1 percent higher Tuesday, with select coal miners and majors posting gains on foreign buying, helping the index to a sixth straight day of gains, dealers said. The Jakarta Composite Index closed up 2.62 points at 2,704.25,
Published 06 Feb, 2008 12:00am
Japan stocks drop

Japan stocks drop

Japanese stocks slipped on Tuesday, with exporters such as Honda Motor Co Ltd coming under pressure after downgrades of US credit card firms fuelled recession fears. Investors dumped shares of companies issuing disappointing earnings results. Olympus Corp
Published 06 Feb, 2008 12:00am
Malaysian shares climb

Malaysian shares climb

Malaysian share prices closed 0.9 percent higher Tuesday with palm oil stocks leading the advance, dealers said. The Kuala Lumpur Composite Index (KLCI) closed up 12.69 points at 1,432.35. Trading volume was 834.44 million shares, valued at 1.88 billion r
Published 06 Feb, 2008 12:00am
US stocks fall

US stocks fall

The US stocks declined on Monday after brokerages downgraded banks and credit card companies on signs consumers are falling behind on debt payments, suggesting yet another pillar of the economy is shaky. The downgrades, combined with a report showing slow
Published 06 Feb, 2008 12:00am
Taiwan dollar at 20-month peak

Taiwan dollar at 20-month peak

The Taiwan dollar rose to a 20-month high on Tuesday as investors in the non-deliverable forwards market and some exporters sold US dollars hours before a week-long Lunar New Year break. The Taiwan dollar rose to as high as T$31.994 to the US dollar, the
Published 06 Feb, 2008 12:00am
Canadian dollar edges higher

Canadian dollar edges higher

The Canadian dollar finished a touch higher against the U S. dollar in a lackluster session on Monday as a rise in oil prices was not enough to spark a move ahead of key domestic data due later in the week. Domestic bond prices ended lower as dealers pock
Published 06 Feb, 2008 12:00am
Dollar steady against major currencies

Dollar steady against major currencies

The dollar edged up against major currencies on Tuesday, while the Australian dollar trimmed losses after the country's central bank hiked interest rates to an 11-year high and suggested more tightening may be needed.
Published 06 Feb, 2008 12:00am
Dollar ends mixed

Dollar ends mixed

The dollar slipped against the euro and edged up against the yen on Monday as investors waited to see how major central banks at policy meetings this week will respond to a potential global economic slowdown.
Published 06 Feb, 2008 12:00am
Swiss franc dips

Swiss franc dips

The Swiss franc edged down on Tuesday against the euro and the dollar as markets positioned for key interest rate meetings later in the week. "The situation on stock markets has calmed a bit so the franc tends to fall," said Clariden Leu analyst Sandro Ba
Published 06 Feb, 2008 12:00am
Yuan up slightly in thin trade

Yuan up slightly in thin trade

China's yuan closed up slightly against the dollar in thin trade on Tuesday, the last day before the week-long Lunar New Year holidays. Dealers said the yuan was likely to appreciate at a faster pace after the break. The yuan finished at 7.1840, up from M
Published 06 Feb, 2008 12:00am
Asian currencies mostly steady

Asian currencies mostly steady

The Philippine peso rebounded on Tuesday after high January inflation dampened interest rate cut expectations, while other Asian currencies traded in tight ranges ahead of the Lunar New Year holidays.
Published 06 Feb, 2008 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 68.58/68.58 (previous 68.58/68.58). Call Money Rates: 8.00-14.00 percent (previous 8.00-14.00 percent.
Published 06 Feb, 2008 12:00am
Australian dollar buoyed

Australian dollar buoyed

The Australian dollar steadied near three-month highs against the US dollar in choppy trade on Tuesday after the central bank raised interest rates to an 11-year high, as expected, to cool inflationary pressures.
Published 06 Feb, 2008 12:00am
Gerrard made captain as Capello lays down the law

Gerrard made captain as Capello lays down the law

Fabio Capello has made Steven Gerrard his captain for his first match in charge of England and set out his plans to instil a "winning mentality" in his under-achieving squad.
Published 06 Feb, 2008 12:00am
Shoaib Malik denies marrying Indian girl

Shoaib Malik denies marrying Indian girl

Pakistan cricket team skipper Shoaib Malik on Tuesday denied media reports, claiming he married an Indian girl named Ayesha Khan, saying he would take legal action against those defaming him.
Published 06 Feb, 2008 12:00am
England win T20 opener

England win T20 opener

England drew first blood in their cricket tour of New Zealand when they comfortably won the opening Twenty20 match by 32 runs. Sent into bat first, England cracked 185 for eight on an ideal batting track and then had New Zealand all out in their final ove
Published 06 Feb, 2008 12:00am
Davenport and Harkleroad wins

Davenport and Harkleroad wins

Americans Lindsay Davenport and Ashley Harkleroad won their respective singles rubbers on Monday to give the US women a first-round Fed Cup victory over Germany and a semi-final date with Russia.
Published 06 Feb, 2008 12:00am
Rohit Sharma fined for dissent

Rohit Sharma fined for dissent

Indian batsman Rohit Sharma was fined for dissent after India's one-day international cricket wash-out against Sri Lanka at the Gabba here Tuesday. Sharma was fined 10 percent of his match fee for standing his ground after being given out by South African
Published 06 Feb, 2008 12:00am
Rain falls in Brisbane as Gambhir sparkles

Rain falls in Brisbane as Gambhir sparkles

The second match in the triangular one-day cricket series was abandoned here on Tuesday when heavy rain meant Sri Lanka were unable to take the field in pursuit of India's total of 267 for four.
Published 06 Feb, 2008 12:00am
Al Qaeda's invisible man keeps Iraq guessing

Al Qaeda's invisible man keeps Iraq guessing

As Iraq prepares what it boasts will be its "decisive battle" against al Qaeda, government forces face the challenge of tracking its shadowy leader, whose very existence has been called into doubt.
Published 06 Feb, 2008 12:00am
Film shows Putin the Russian love machine

Film shows Putin the Russian love machine

You know Vladimir Putin the president, judo expert, and KGB veteran. Now, thanks to a new Russian film, meet Putin the lover. The movie, "A Kiss - Not For the Press," marks a rare fictional portrayal of the ultra-secretive Kremlin leader.
Published 06 Feb, 2008 12:00am
Ready or not, Italy heads towards fresh elections

Ready or not, Italy heads towards fresh elections

President Giorgio Napolitano summoned Italy's parliamentary speakers on Tuesday and looked set to dissolve parliament and call new elections after attempts to form an interim government failed.
Published 06 Feb, 2008 12:00am
Starbucks leads to strip-search for Saudi woman

Starbucks leads to strip-search for Saudi woman

Saudi Arabia's religious police detained and strip-searched a woman for sitting in a Starbucks coffeeshop with a male work colleague who is not a member of her family, Arab News reported on Tuesday.
Published 06 Feb, 2008 12:00am
Singapore school backs down on halal-only food rule

Singapore school backs down on halal-only food rule

A primary school in multicultural Singapore has reversed a policy that allowed only halal food appropriate for Muslims in its canteen, the school principal said Tuesday. "The school will reverse the policy effective today, and I will be sending out a lett
Published 06 Feb, 2008 12:00am
Millions in China to greet new year without power

Millions in China to greet new year without power

Millions of Chinese are likely to spend the biggest holiday of the year without power and water after more than a week of wild winter weather that shut down transport links across large parts of the country.
Published 06 Feb, 2008 12:00am
Makoni to challenge Mugabe in poll

Makoni to challenge Mugabe in poll

A senior member of Zimbabwe's ruling ZANU-PF party, Simba Makoni, said on Tuesday he would run for president at the March 29 election in the first major internal challenge to Robert Mugabe in 20 years.
Published 06 Feb, 2008 12:00am
Russia eases ban on European monitors

Russia eases ban on European monitors

Russia offered on Tuesday to ease restrictions on Europe's main election watchdog by giving its monitors a week longer to monitor the March 2 presidential poll.
Published 06 Feb, 2008 12:00am
Israeli forces kill nine; Hamas claims attack

Israeli forces kill nine; Hamas claims attack

Israel killed nine Hamas militants in the Gaza Strip on Tuesday and the group's armed wing issued a formal statement claiming responsibility for its first suicide bombing in Israel since 2004.
Published 06 Feb, 2008 12:00am
Waxwork Merkel rolled out at Madame Tussauds

Waxwork Merkel rolled out at Madame Tussauds

A new waxwork of German Chancellor Angela Merkel was unveiled at London's Madame Tussauds on Tuesday - the latest famous likeness to take its place at the world-famous visitor attraction.
Published 06 Feb, 2008 12:00am
Iraqi Prime Minister raises controversial new flag

Iraqi Prime Minister raises controversial new flag

Iraq's Prime Minister Nuri al-Maliki raised Iraq's new national flag over his office for the first time on Tuesday, at a ceremony he hoped would encourage others to accept its use.
Published 06 Feb, 2008 12:00am
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