AIRLINK 177.00 Increased By ▲ 2.40 (1.37%)
BOP 12.81 Increased By ▲ 0.29 (2.32%)
CNERGY 7.49 Increased By ▲ 0.16 (2.18%)
FCCL 42.02 Increased By ▲ 2.09 (5.23%)
FFL 14.84 Increased By ▲ 0.16 (1.09%)
FLYNG 27.70 Decreased By ▼ -0.13 (-0.47%)
HUBC 134.51 Increased By ▲ 0.88 (0.66%)
HUMNL 12.96 Decreased By ▼ -0.01 (-0.08%)
KEL 4.44 Increased By ▲ 0.07 (1.6%)
KOSM 6.06 Increased By ▲ 0.05 (0.83%)
MLCF 54.51 Increased By ▲ 1.32 (2.48%)
OGDC 222.58 Increased By ▲ 9.67 (4.54%)
PACE 6.03 Increased By ▲ 0.03 (0.5%)
PAEL 41.30 Increased By ▲ 0.20 (0.49%)
PIAHCLA 15.62 Increased By ▲ 0.11 (0.71%)
PIBTL 10.06 Increased By ▲ 0.48 (5.01%)
POWER 11.17 Increased By ▲ 0.23 (2.1%)
PPL 183.99 Increased By ▲ 12.88 (7.53%)
PRL 34.31 Increased By ▲ 0.98 (2.94%)
PTC 23.34 Increased By ▲ 0.32 (1.39%)
SEARL 91.07 Decreased By ▼ -0.30 (-0.33%)
SILK 1.11 No Change ▼ 0.00 (0%)
SSGC 33.98 Increased By ▲ 1.47 (4.52%)
SYM 15.96 Decreased By ▼ -0.04 (-0.25%)
TELE 7.86 Decreased By ▼ -0.01 (-0.13%)
TPLP 11.01 Increased By ▲ 0.02 (0.18%)
TRG 58.72 Increased By ▲ 0.42 (0.72%)
WAVESAPP 10.79 Decreased By ▼ -0.30 (-2.71%)
WTL 1.36 Increased By ▲ 0.02 (1.49%)
YOUW 3.81 Increased By ▲ 0.02 (0.53%)
BR100 12,023 Increased By 222.2 (1.88%)
BR30 36,605 Increased By 1166.7 (3.29%)
KSE100 113,713 Increased By 1459.4 (1.3%)
KSE30 35,302 Increased By 517.9 (1.49%)
Mar 07, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-04-25
AstraZeneca first quarter sales fall short as Nexium tumbles

AstraZeneca first quarter sales fall short as Nexium tumbles

AstraZeneca Plc nudged up its forecast for 2008 earnings on Thursday, but sales of ulcer pill Nexium and other key drugs in the first quarter were weaker than hoped for, knocking its shares. "The sales trends of most of the leading products were below wha
Published 25 Apr, 2008 12:00am
Market bodies administrators terminated

Market bodies administrators terminated

The Punjab Agriculture Department (PAD) has terminated 68 administrators of marketing committee, giving the reason of their termination PAD said that they were terminated due to having political affiliations with the previous government, adding that they
Published 25 Apr, 2008 12:00am
Excise officials urged to observe professional discipline

Excise officials urged to observe professional discipline

Punjab Minister for Excise and Taxation, Mian Mujtaba Shuja-ur-Rehman has warned of stern action against corruption ordered strict measures to root out the evil practice from the department. He directed the officers and staff to observe professional disci
Published 25 Apr, 2008 12:00am
GCU holds 'Career Fair 2008'

GCU holds 'Career Fair 2008'

The Career Guidance and Placement Centre of the Government College University (GCU) Lahore held 'Career Fair 2008', in its Bokhari Auditorium on Thursday.
Published 25 Apr, 2008 12:00am
Lawyers boycott courts

Lawyers boycott courts

Lawyers on Thursday boycotted courts and staged a rally on The Mall, protesting against the dismissal of judges and demanded the restoration of the judiciary.
Published 25 Apr, 2008 12:00am
Jimmy Engineer's painting exhibition

Jimmy Engineer's painting exhibition

The famous Pakistani artist, Jimmy Engineer is organising three-day exhibition of his major artwork in Dubai next month. Engineer, who is also a Karachi-based social crusader and peace activist, will put his extraordinary art collection on display at the
Published 25 Apr, 2008 12:00am
Revenue official to appear before LHC

Revenue official to appear before LHC

The secretary of Punjab Revenue Department (PRD) will appear before the Lahore High Court (LHC) on April 30 after a petition challenged discriminatory behaviour in job promotions within the department. Faisalabad's department Superintendent, Riaz Husain S
Published 25 Apr, 2008 12:00am
'26 percent irrigated agriculture land salinity affected'

'26 percent irrigated agriculture land salinity affected'

Salinity is the acute problem of Pakistan as 26 percent of the irrigated agricultural area is affected with this menace, Director General, Ayub Agricultural Research Institute, Dr Muhammad Rashid told a two-day international conference on "recent techniqu
Published 25 Apr, 2008 12:00am
Wheat crop gutted

Wheat crop gutted

A farmer suffered heavy monetary loss as ready-to-harvest wheat crop in his fields caught fire and was reduced to ashes before fire-brigade could control the blaze. According to a police report, wheat crop on half an acre belonging to farmer Hameed Arain
Published 25 Apr, 2008 12:00am
Lukewarm response to PBC weekly strike call

Lukewarm response to PBC weekly strike call

Lukewarm response was given to the weekly strike call by Pakistan Bar Council and most of the lawyers attended hearing of their cases fixed before different benches of High Court of Sindh (SHC) here on Thursday. The attendance at daily protest general bod
Published 25 Apr, 2008 12:00am
Chief minister inspection team

Chief minister inspection team

Chief Minister's Inspection Team Member Syed Mussadiq Hussain Bukhari will visit Muzaffargarh on April 25 for one-day and interact with government officials in the district.
Published 25 Apr, 2008 12:00am
Task force constituted to control wheat smuggling

Task force constituted to control wheat smuggling

The Federal Committee on Agriculture (FCA) has constituted a task force to suggest measures for controlling wheat smuggling to the neighbouring countries, as the committee agreed with Punjab government that ban on inter-provincial wheat movement would be
Published 25 Apr, 2008 12:00am
Japanese envoy calls on Durrani

Japanese envoy calls on Durrani

Japanese Ambassador Seiji Kojima called on Pakistan Muslim League (PML-Q) Central Vice President Senator Muhammad Ali Durrani at the latter's residence here on Tuesday. The one-hour meeting discussed the matters of mutual interest.
Published 25 Apr, 2008 12:00am
FDA to spend Rs 26.178 billion in nine years

FDA to spend Rs 26.178 billion in nine years

The first meeting of Steering Committee of Fata Development Authority (FDA) was held here at Governor's House on Thursday with the NWFP Governor Owais Ahmed Ghani in the chair. Federal Minister for States and Frontier Regions, Najmuddin Khan, who is a mem
Published 25 Apr, 2008 12:00am
Six-member body set up to examine FCR

Six-member body set up to examine FCR

Prime Minister Syed Yousaf Raza Gillani has constituted a six-member cabinet committee headed by Federal Minister for Law, Justice and Human Rights Division, Farooq H Naek to examine FCR and make suitable recommendations.
Published 25 Apr, 2008 12:00am
Transporters decry heavy fines

Transporters decry heavy fines

Karachi Transport Ittehad (KTI) has urged the government to withdraw powers of traffic police of imposing heavy fines and restore the magistracy system.
Published 25 Apr, 2008 12:00am
The international and domestic politics of oil

The international and domestic politics of oil

The price of crude registered a whopping $119.90 this week, the highest ever. The causes behind this rise are several. The most obvious one is linked to emerging world supply constraints. An attack on a Nigerian pipeline which was to transport oil from a
Published 25 Apr, 2008 12:00am
Towards a great reconciliation

Towards a great reconciliation

The Pakistan People's Party has undertaken a much-needed initiative towards resolving the issues that are at the root of Baloch people's sense of deprivation finding expression in an armed insurgency. The party co-chairman, Asif Ali Zardari, announced the
Published 25 Apr, 2008 12:00am
Solana's visit

Solana's visit

EU foreign policy chief Javier Solana was the latest person in a stream of high profile foreign visitors who have been visiting Islamabad in recent weeks to meet with the leaders of the new ruling alliance. Their point of interest being the role this coun
Published 25 Apr, 2008 12:00am
At the edge of a precipice? - II

At the edge of a precipice? - II

Thus, we are indeed standing at the edge of the precipice and this is the real legacy that the new government has inherited. Undoubtedly, this will now require an effective, co-ordinated and measured approach to first arrest the process of falling over th
Published 25 Apr, 2008 12:00am
PKR faring even worse than USD

PKR faring even worse than USD

Pakistani rupee or PKR has been under severe pressure for the past few weeks and on Thursday slipped past the previous low recorded on September 22, 2001. Irony is that this weakness is manifested against a currency which itself is at the lowest ebb in it
Published 25 Apr, 2008 12:00am
Far from Middle East, US farmland yields new oil

Far from Middle East, US farmland yields new oil

George Stapleton has been in the oil business for 30 years, helping plumb sands and shale across the Middle East, Asia and Europe. Now the chief executive of MegaWest Energy Corp is drilling deep into Missouri farmland.
Published 25 Apr, 2008 12:00am
The new surge: Ugandan guards in Iraq

The new surge: Ugandan guards in Iraq

Not quite as good as a winning lottery ticket, but better than a middle-class job for thousands of Ugandan men: deployment to Iraq. On a sunny, damp morning, dozens of young men loaded with gear lined up in perfect military formation, eager to return to s
Published 25 Apr, 2008 12:00am
The committee culture

The committee culture

The front page lead news in the Business Recorder (April 18) was that a body to examine facts of wheat crisis is being established by the government. The committee will ascertain why the previous government allowed export of wheat at cheaper price
Published 25 Apr, 2008 12:00am
Private airlines?

Private airlines?

The leaders, the columnist, the writers, the TV talk shows are painting a picture from which it seems that a true Islamic revolution has come in Pakistan and the joint Government of PPP and PML-N and others have come in only for the honest service of the
Published 25 Apr, 2008 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold futures on the Comex division of the New York Mercantile Exchange dropped sharply for a second straight day on Thursday, as a dollar rally and crude oil losses dented buying sentiment. June gold was down $13.60, or 1.5 percent, at $895.40 an ounce.
Published 25 Apr, 2008 12:00am
US MIDDAY: copper weakens

US MIDDAY: copper weakens

US copper futures on the New York Mercantile Exchange's Comex division slipped into negative territory on Thursday after US orders data came in weaker than expected, and later added to losses when home sales fell more sharply than expected, traders said.
Published 25 Apr, 2008 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

May soyabean futures were down 1-1/2 cents at $13.70-1/2 per bushel, new-crop November down 11 at $12.47. Profit-taking setback as crude oil and gold markets retreat; strength in dollar adds pressure. Market underpinned by US soya export prospects amid co
Published 25 Apr, 2008 12:00am
US MIDDAY: corn tumbles

US MIDDAY: corn tumbles

May corn was down 7-3/4 cents at $5.80 per bushel, new-crop December down 7-1/2 at $6.05. Lower on profit-taking and some outlooks for drier weather next week, which would boost the US corn planting pace. Retreat in crude oil and gold adds pressure. Slow
Published 25 Apr, 2008 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

May wheat was down 8-3/4 cents at $8.09 per bushel, new-crop July down 8-1/2 at $8.23. Follow-through selling and prospects for a big increase in global wheat output this year continue to pressure prices. Rebound in dollar adds pressure. IGC trims 2008/09
Published 25 Apr, 2008 12:00am
US MIDDAY: sugar weakens

US MIDDAY: sugar weakens

Raw sugar levels on ICE Futures US at 8:45 am EDT (1245 GMT): July sugar contract dropped 0.27 cent to 12.48 cents per lb. Range at 12.46 to 12.82 cents. July contract volume at 11,487 lots. Investor sales keep pressure on sweetener, dealers said.
Published 25 Apr, 2008 12:00am
US MIDDAY: coffee down, cocoa mixed

US MIDDAY: coffee down, cocoa mixed

Arabica coffee futures trading on ICE Futures US were down nearly 2 percent in early trade Thursday, on pressure from the strong dollar that contributed to weakness in most commodities, while cocoa futures were mixed.
Published 25 Apr, 2008 12:00am
London gold touches three-week low

London gold touches three-week low

Gold slipped nearly 2 percent to a three-week low below $900 an ounce on Thursday after the dollar bounced against the euro, prompting bullion investors to liquidate some holdings. Spot gold fell as low as $888.60 an ounce and was quoted at $889.60/890.30
Published 25 Apr, 2008 12:00am
Tin remains at record peak, copper steadies

Tin remains at record peak, copper steadies

Copper was steady on Thursday as support from supply disruptions in Chile was balanced by selling pressure from a stronger dollar, while tin hit a record high. Copper for three-months delivery on the London Metal Exchange closed at $8,525 a tonne, down $3
Published 25 Apr, 2008 12:00am
New York cotton futures sharply easier

New York cotton futures sharply easier

Cotton futures finished sharply easier Thursday on investor liquidation catalysed by a wide-ranging sell-off in the commodities complex, with analysts saying more losses seem likely into next week. The ICE Futures' July cotton contract slid 1.95 cents to
Published 25 Apr, 2008 12:00am
IGC sees broadly balanced rice market in 2008

IGC sees broadly balanced rice market in 2008

The global rice market should be "broadly in balance" this year with a sharp rise in prices to record levels linked to export restrictions from key producers, the International Grains Council said on Thursday.
Published 25 Apr, 2008 12:00am
US crude oil falls as dollar strengthens

US crude oil falls as dollar strengthens

Oil slumped on Thursday as gains in the US dollar and rising fuel production from US refineries spurred profit-taking that dragged crude further from its record peak near $120 a barrel. US crude settled down $2.24 to $116.06 per barrel after falling as lo
Published 25 Apr, 2008 12:00am
London sugar plummets

London sugar plummets

London white sugar futures finished sharply down on Thursday, weakened by a setback in crude oil prices and a firmer dollar, dealers said. Robusta coffee prices also slipped back in a broad-based decline in commodity markets although sterling-denominated
Published 25 Apr, 2008 12:00am
EU biofuel firms say not to blame for food prices

EU biofuel firms say not to blame for food prices

European bioethanol production is not to blame for rising grain prices, a biofuels conference heard on Thursday. Only 2.6 percent of Germany's 40.9 million tonne grain harvest in 2007 was used to produce bioethanol, and only 1.5 percent of the European Un
Published 25 Apr, 2008 12:00am
Britain's top share index falls

Britain's top share index falls

Britain's FTSE 100 index ended down 0.5 percent on Thursday as growth concerns weighed on commodity shares, though beaten-down banks recovered earlier losses. The UK's blue chip index closed down 32.9 points at 6,050.7, after falling as much as 2.2 percen
Published 25 Apr, 2008 12:00am
Philippines shares higher

Philippines shares higher

Philippines share prices closed 0.7 percent higher on Thursday on bargain hunting fuelled by Wall Street's overnight gain on quarterly results, dealers said. Although volume was thin dealers said investors remained cautious on worries over inflation, with
Published 25 Apr, 2008 12:00am
Malaysian shares higher

Malaysian shares higher

Malaysian share prices closed 0.4 percent higher Thursday, supported by commodity stocks as oil prices remained near record levels, dealers said. The Kuala Lumpur Composite Index (KLCI) was up 4.92 points at 1,293.08, off a high of 1,300.15, on volume of
Published 25 Apr, 2008 12:00am
European credit spreads widen

European credit spreads widen

European credit spreads widened on Thursday, mirroring a slide in equity markets, after new US home sales tumbled by their largest amount since 1970. By 1510 GMT, the Markit investment-grade iTraxx Europe index was at 85.75 basis points, according to Mark
Published 25 Apr, 2008 12:00am
European credit spreads widen

European credit spreads widen

European credit spreads widened on Thursday, mirroring a slide in equity markets, after new US home sales tumbled by their largest amount since 1970. By 1510 GMT, the Markit investment-grade iTraxx Europe index was at 85.75 basis points, according to Mark
Published 25 Apr, 2008 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asia bond spreads narrowed on Thursday, reversing the widening seen in the past two sessions, as better-than-expected technology earnings lifted global stock markets and as confidence grew that the worst from a credit crunch was over.
Published 25 Apr, 2008 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asia bond spreads narrowed on Thursday, reversing the widening seen in the past two sessions, as better-than-expected technology earnings lifted global stock markets and as confidence grew that the worst from a credit crunch was over.
Published 25 Apr, 2008 12:00am
Indian rupee slips

Indian rupee slips

The Indian rupee dropped to its lowest in nearly a month on Thursday, on dollar buying by oil firms and banks selling rupees to arbitrage in the overseas market, dealers said. The partially convertible rupee ended at 40.17/18 per dollar, its lowest since
Published 25 Apr, 2008 12:00am
Euro dips in London

Euro dips in London

The euro slid further from this week's record high versus the dollar on Thursday after the biggest monthly fall in German business sentiment since September 2001 dented confidence in the eurozone economy.
Published 25 Apr, 2008 12:00am
Sterling mixed

Sterling mixed

Sterling rose against the euro but fell against the dollar on Thursday as contrasting data from the UK economy gave investors mixed signals on prospects for interest rate cuts. The Office of National Statistics said retail sales volumes dipped 0.4 percent
Published 25 Apr, 2008 12:00am
Torch relay: Chinese rally in Australia

Torch relay: Chinese rally in Australia

More than 10,000 Chinese Australians staged the biggest pro-Beijing rally of the Olympic torch relay on Thursday and drowned out Tibetan demonstrators in a sea of red Chinese flags. Protests and tight security have followed the torch around the world over
Published 25 Apr, 2008 12:00am
Appeal to be held over BAE-Saudi arms deal probe

Appeal to be held over BAE-Saudi arms deal probe

Britain was given permission Thursday to appeal a ruling which said it acted unlawfully by dropping an inquiry into an arms deal between BAE Systems and Saudi Arabia.
Published 25 Apr, 2008 12:00am
Iran nuclear ambitions are major Gulf threat: Nato

Iran nuclear ambitions are major Gulf threat: Nato

Nato's secretary-general told Gulf Arab states on Thursday that Iran's nuclear ambitions were a major threat to regional stability. "Iran's pursuit of uranium enrichment capability in violation of its UN Security Council obligations is a serious concern n
Published 25 Apr, 2008 12:00am
US video to link North Korea to Syrian nuclear reactor

US video to link North Korea to Syrian nuclear reactor

The US government on Thursday will show lawmakers a video linking North Korea to a Syrian nuclear reactor the Israelis bombed in September, leading US newspapers said Thursday. The New York Times and The Washington Post, citing unnamed senior officials sa
Published 25 Apr, 2008 12:00am
Revered saint's exhumed body goes on display in Italy

Revered saint's exhumed body goes on display in Italy

Thousands of pilgrims on Thursday filed past the remains of Padre Pio, a revered mystic monk whose body was exhumed in this small Italian village to mark the 40th anniversary of his death. The Italian saint is a cult figure for millions around the world a
Published 25 Apr, 2008 12:00am
EU stalled on Russia mandate despite upbeat Juncker

EU stalled on Russia mandate despite upbeat Juncker

European Union efforts to agree a long-delayed mandate for partnership negotiations with Russia stalled again on Thursday despite a prediction of imminent agreement from Luxembourg's prime minister.
Published 25 Apr, 2008 12:00am
Cuba accuses US of fomenting dissent

Cuba accuses US of fomenting dissent

Cuba accused the United States and local dissidents on Thursday of working together to subvert its government, the harshest warning it has issued to its opponents since a political crackdown in 2003.
Published 25 Apr, 2008 12:00am
US backs British call for Zimbabwe arms embargo

US backs British call for Zimbabwe arms embargo

The United States joined Britain's call for an arms embargo against Zimbabwe on Thursday and said it would convey a strong warning to any countries planning to send weapons there, including China. China said a shipment of arms bound for Zimbabwe would be
Published 25 Apr, 2008 12:00am
UN suspends aid to Gaza for lack of fuel

UN suspends aid to Gaza for lack of fuel

The United Nations stopped distributing aid to the Gaza Strip on Thursday after running out of fuel as the Israeli terminal that supplies the besieged Palestinian territory remained shut.
Published 25 Apr, 2008 12:00am
Hamas offers Gaza truce with Israel

Hamas offers Gaza truce with Israel

Hamas leaders handed over on Thursday proposals for a truce with Israel in the Gaza Strip, with a timetable for extending it to the West Bank, at a meeting of the Palestinian Islamist group with Egyptian mediators.
Published 25 Apr, 2008 12:00am
UN envoys walk out after Libya Holocaust remark

UN envoys walk out after Libya Holocaust remark

Western UN envoys walked out of a Security Council discussion on Wednesday after Libya's UN ambassador likened the plight of Palestinians in the Gaza Strip to the Nazi Holocaust, diplomats said. Diplomats said the comments came in a speech by Libya's depu
Published 25 Apr, 2008 12:00am
Iran ejected from Malaysian defence show

Iran ejected from Malaysian defence show

Malaysia on Thursday said Iranian defence firms were ejected from a military trade show for exhibiting "lethal and offensive equipment" in violation of UN Security Council sanctions. Deputy Prime Minister Najib Razak said the Iranian firms had been inform
Published 25 Apr, 2008 12:00am
China, India powers to equal US might in 10 years

China, India powers to equal US might in 10 years

A majority of Canadians (67 percent) believe the influence of China and India in the world will rival that of the United States within the next decade, said a survey on Thursday. As well, more than 60 percent of Canadians believe the growing importance of
Published 25 Apr, 2008 12:00am
Factions agree to rejoin government: Maliki

Factions agree to rejoin government: Maliki

Parties that walked out of Iraq's government last year have agreed to rejoin, Prime Minister Nuri al-Maliki said on Thursday, in what could amount to a long-awaited political breakthrough.
Published 25 Apr, 2008 12:00am
Arctic ice melting faster than anticipated: WWF

Arctic ice melting faster than anticipated: WWF

Arctic ice may be melting faster than most climate change science has concluded, the conservation group WWF said in a report published on Thursday. It found that ice in Greenland and across the Arctic region was retreating "at rates significantly faster t
Published 25 Apr, 2008 12:00am
Maoists not ready to renounce violence, yet

Maoists not ready to renounce violence, yet

Nepal's former Maoist rebels, on the verge of becoming the country's largest political party after a historic election, said on Thursday they were committed to the peace process but would not yet renounce violence completely. Counting of votes was expecte
Published 25 Apr, 2008 12:00am
Federer and Nadal ease to Monte Carlo quarters

Federer and Nadal ease to Monte Carlo quarters

World number one Roger Federer got back into his old routine with a 6-3 6-4 defeat of France's Gael Monfils to reach the Monte Carlo Masters quarter-finals on Thursday. The Swiss top seed, who was two points from an embarrassing defeat against Spanish qua
Published 25 Apr, 2008 12:00am
Israel matches postponed due to appeal over result ruling

Israel matches postponed due to appeal over result ruling

Israel's Premier League fixtures this weekend were postponed on Thursday after clubs in danger of relegation complained that a technical win awarded to one of their rivals gave them an unfair advantage. "The management of the Israel Football Association h
Published 25 Apr, 2008 12:00am
MTFA soccer series: Shafiq to act as match commissioner

MTFA soccer series: Shafiq to act as match commissioner

Chaudhry Shafiqur Rehman will act as match commissioner in Under-14 two-match soccer series between Pakistan and Model Town Football Academy (MTFA). The eagerly awaited series will explode into action on Saturday (April 26) at MTFA Ground, Model Town Bloc
Published 25 Apr, 2008 12:00am
Tendulkar turns 35, but twilight is far away

Tendulkar turns 35, but twilight is far away

The longest-serving current international cricketer Sachin Tendulkar turned 35 on Thursday, feeling as excited and enthusiastic about the game as he did on his debut 19 years ago. The record-breaking batsman, considered an icon in India and around the wor
Published 25 Apr, 2008 12:00am
Barca confident of finding net at United

Barca confident of finding net at United

Barcelona let Manchester United off the hook after failing to turn their domination into goals during their 0-0 draw at the Nou Camp but the Catalans are confident of finding the net in next week's return.
Published 25 Apr, 2008 12:00am
Cairns to captain MCC against New Zealand

Cairns to captain MCC against New Zealand

Former New Zealand all-rounder Chris Cairns will captain MCC in the opening match of the Black Caps tour of England in Arundel on Sunday.Hard-hitting, pace bowling all-rounder Cairns, 37, who retired from international cricket two years ago after playing
Published 25 Apr, 2008 12:00am
Swiss franc falls versus dollar

Swiss franc falls versus dollar

The Swiss franc fell against the dollar as the return of risk appetite dampened the franc's appeal as a safe haven currency."We have seen a recovery in stock markets, which helps the dollar," said Credit Suisse analyst Marcus Hettinger. "We are almost bac
Published 25 Apr, 2008 12:00am
Asian currencies down

Asian currencies down

The Singapore dollar retreated from a record high on Thursday while the Thai baht fell half a percent as the dollar gained broad support from the view that US monetary easing may be nearing an end. In addition, the dollar found support against the euro fr
Published 25 Apr, 2008 12:00am
Australian dollar slips from 24-year peak

Australian dollar slips from 24-year peak

The Australian dollar eased from a 24-year peak against the US currency on Thursday, pausing for breath after surging on fresh speculation that domestic interest rates were headed higher in the near term.
Published 25 Apr, 2008 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 68.58/68.58 (previous 68.57/68.58). Call Money Rates: 7.50-12.50 percent (previous 7.75-12.00 percent.
Published 25 Apr, 2008 12:00am
Euro slips from record on weak data

Euro slips from record on weak data

The euro had its biggest drop against the US dollar in three weeks on Wednesday as soft economic data and comment from European policy-makers indicated the weaker US currency is hurting euro zone economic growth. A manufacturing activity indicator, the RB
Published 25 Apr, 2008 12:00am
Euro extends losses versus dollar

Euro extends losses versus dollar

The euro fell against the dollar on Thursday, extending the previous day's sharp drop, as investors trimmed positions before German corporate sentiment data that could provide more clues on the health of the euro zone economy.
Published 25 Apr, 2008 12:00am
Yuan down by soaring stocks

Yuan down by soaring stocks

The yuan ended down against the dollar on Thursday after hitting a post-revaluation high the day before, retreating as the central bank set its mid-point at a weaker level and drawing little strength from a soaring stock market.
Published 25 Apr, 2008 12:00am
Singapore shares plunge

Singapore shares plunge

Singapore share prices closed down 0.51 percent on Thursday in late profit taking that reversed earlier gains, dealers said.They said caution over the health of the US economy returned.The blue chip Straits Times Index fell 16.29 points to 3,177.55 on vol
Published 25 Apr, 2008 12:00am
Thai share prices weaken

Thai share prices weaken

Thai share prices closed 0.40 percent lower on Thursday as investors continued taking profits in major stocks, including the energy and banking sectors, dealers said.They said the Thai market moved in a narrow range in the absence of any positive news to
Published 25 Apr, 2008 12:00am
China stocks up 9.29 percent on trading tax cut

China stocks up 9.29 percent on trading tax cut

China's main stock index soared over 9 percent in frenzied trade on Thursday after the government cut the share trading tax, seeking to end a bear market that had slashed stock prices by half in six months. Across the country, individual investors piled b
Published 25 Apr, 2008 12:00am
Tokyo stocks decline

Tokyo stocks decline

Japan's Nikkei stock average fell 0.3 percent on Thursday, dragged lower by a barrage of gloomy earnings forecasts that spread across sectors, ranging from industrial robot maker Fanuc Ltd to Kao Corp, Japan's biggest maker of household products.
Published 25 Apr, 2008 12:00am
Indian shares rally

Indian shares rally

Indian share prices edged up 0.14 percent on Thursday in range-bound trade ahead of monetary policy announcements from India's central bank, dealers said.They said investors unwound positions at the expiry of the monthly futures market contract on Thursda
Published 25 Apr, 2008 12:00am
Longer-dated US bond prices ease

Longer-dated US bond prices ease

Longer-dated US government bond prices fell on Wednesday as rising stock prices undermined the need for a safe-haven bid for government debt, while climbing food and energy costs stoked fears of inflation.
Published 25 Apr, 2008 12:00am
Longer-dated US bond prices ease

Longer-dated US bond prices ease

Longer-dated US government bond prices fell on Wednesday as rising stock prices undermined the need for a safe-haven bid for government debt, while climbing food and energy costs stoked fears of inflation.
Published 25 Apr, 2008 12:00am
Jakarta shares fall

Jakarta shares fall

Indonesian share prices closed 1.9 percent lower on Thursday due to fears that inflation may compel the central bank to hike its benchmark interest rate, dealers said. The Jakarta Composite Index closed down 44.32 points at 2,269.98, after rising as high
Published 25 Apr, 2008 12:00am
US stocks soar

US stocks soar

US stocks rose on Wednesday as a range of technology companies posted results that showed the sector's resiliency in the face of an economic slowdown. The Nasdaq gained 1 percent after Broadcom Corp, a top chipmaker for cell phones, beat its quarterly rev
Published 25 Apr, 2008 12:00am
Hong Kong stocks end at three-month high

Hong Kong stocks end at three-month high

Hong Kong stocks rose 1.6 percent to a three-month closing high on Thursday after Beijing cut a tax on trading in its latest step to bolster investor confidence, pushing Shanghai shares more than 9 percent higher. Chinese insurers, which have big exposure
Published 25 Apr, 2008 12:00am
Taiwan stocks at one-week low

Taiwan stocks at one-week low

Taiwan stocks fell 0.2 percent to a one-week closing low on Thursday, as Hon Hai Precision paced a slide in technology shares after the company's disappointing dividend. The main TAIEX share index slipped 18.16 points to end at 8,990.33, its lowest since
Published 25 Apr, 2008 12:00am
Scotland urges EU to keep salmon trade protected

Scotland urges EU to keep salmon trade protected

Scottish authorities appealed to the European Commission on Wednesday not to axe anti-dumping measures that protect its salmon farmers from fierce Norwegian competition. The European Union imposed minimum import prices on farmed salmon from Norway in 2006
Published 25 Apr, 2008 12:00am
10 percent concession in duty on import of CKD kits allowed

10 percent concession in duty on import of CKD kits allowed

The Federal Board of Revenue (FBR) has allowed concessionary rate of 10 percent customs duty on the import of completely knock down (CKD) kits used in the manufacture of agriculture diesel engines (single cylinder) upto 3-36 HP. The board has issued SRO.3
Published 25 Apr, 2008 12:00am
Previous Day