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Apr 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-04-29
Matsushita, Sanyo deny tie-up report

Matsushita, Sanyo deny tie-up report

Japanese consumer electronics giant Matsushita Electric Industrial Co denied a report Monday that it may take an equity stake in Sanyo Electric Co to help rehabilitate its smaller rival. Citing an anonymous source, the Yomiuri newspaper reported Monday th
Published 29 Apr, 2008 12:00am
OGDCL first quarter profit rises to Rs 12.243 billion

OGDCL first quarter profit rises to Rs 12.243 billion

The profit after tax of Oil and Gas Development Company Limited (OGDCL) has increased to Rs 12.243 billion in the quarter ended March 31, 2008 as compared to Rs 11.514 billion earned in the corresponding period in 2007. The company''s earning per share su
Published 29 Apr, 2008 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin edged down 0.8 percent on Monday, falling from record peaks due to a build-up in supplies and a technical correction against London Metal Exchange price, one dealer said.
Published 29 Apr, 2008 12:00am
OGDCL first quarter profit rises to Rs 12.243 billion

OGDCL first quarter profit rises to Rs 12.243 billion

The profit after tax of Oil and Gas Development Company Limited (OGDCL) has increased to Rs 12.243 billion in the quarter ended March 31, 2008 as compared to Rs 11.514 billion earned in the corresponding period in 2007. The company's earning per share sur
Published 29 Apr, 2008 12:00am
Japan rubber stocks down

Japan rubber stocks down

Japan's crude rubber inventories fell 0.5 percent to 12,546 tonnes as of April 10 from March 31, the Rubber Trade Association of Japan said on Monday. Stocks are often tight around this time of year due to seasonal factors, but inventories last year were
Published 29 Apr, 2008 12:00am
OGDCL first quarter profit rises to Rs 12.243 billion

OGDCL first quarter profit rises to Rs 12.243 billion

The profit after tax of Oil and Gas Development Company Limited (OGDCL) has increased to Rs 12.243 billion in the quarter ended March 31, 2008 as compared to Rs 11.514 billion earned in the corresponding period in 2007. The company's earning per share sur
Published 29 Apr, 2008 12:00am
Thai rice prices may ease

Thai rice prices may ease

Thai rice prices are likely to ease by about 20 percent in coming weeks as arrivals from the new domestic crop has improved substantially, the secretary general of the Thai Rice Exporters' Association said on Monday. "It is very likely that prices will ea
Published 29 Apr, 2008 12:00am
Satellite system to check wheat smuggling: minister

Satellite system to check wheat smuggling: minister

The government has decided to use satellite system, computer networks, close-circuit televisions (CCTVs) and other modern equipments to control wheat smuggling. Punjab Food Minister Nadeem Kamran and Secretary, Food, Iftikhar, said this while addressing a
Published 29 Apr, 2008 12:00am
Tokyo rubber climbs to seven-week high

Tokyo rubber climbs to seven-week high

Tokyo rubber futures rose on Monday, extending gains to a seven-week peak, on the back of crude oil's rise to a new record high and a softer yen. The key Tokyo Commodity Exchange rubber contract for October delivery climbed as high as 301.5 yen a kg, up 7
Published 29 Apr, 2008 12:00am
Satellite system to check wheat smuggling: minister

Satellite system to check wheat smuggling: minister

The government has decided to use satellite system, computer networks, close-circuit televisions (CCTVs) and other modern equipments to control wheat smuggling. Punjab Food Minister Nadeem Kamran and Secretary, Food, Iftikhar, said this while addressing a
Published 29 Apr, 2008 12:00am
Suzuki Motor posts record profit

Suzuki Motor posts record profit

Japan's Suzuki Motor Corp said Thursday it racked up record net profit last year as strong sales in Asia and other emerging markets more than offset weakness at home and in North America. But the company, which holds a majority stake in India's largest ca
Published 29 Apr, 2008 12:00am
Satellite system to check wheat smuggling: minister

Satellite system to check wheat smuggling: minister

The government has decided to use satellite system, computer networks, close-circuit televisions (CCTVs) and other modern equipments to control wheat smuggling. Punjab Food Minister Nadeem Kamran and Secretary, Food, Iftikhar, said this while addressing a
Published 29 Apr, 2008 12:00am
Suzuki Motor posts record profit

Suzuki Motor posts record profit

Japan's Suzuki Motor Corp said Thursday it racked up record net profit last year as strong sales in Asia and other emerging markets more than offset weakness at home and in North America. But the company, which holds a majority stake in India's largest ca
Published 29 Apr, 2008 12:00am
UBL earns Rs 4.7 billion profit

UBL earns Rs 4.7 billion profit

The United Bank Limited (UBL) has announced a consolidated profit before tax of Rs 4.7 billion for the first quarter of the year 2008, despite higher provision charge in view of the uncertain macro-economic environment prevailing in the domestic market.
Published 29 Apr, 2008 12:00am
German consumer confidence surges higher

German consumer confidence surges higher

Consumer sentiment has risen sharply in Germany just as other economic indicators show the biggest European economy has begun to feel the pinch of a global slowdown, the results of a widely watched survey showed Monday.
Published 29 Apr, 2008 12:00am
UBL earns Rs 4.7 billion profit

UBL earns Rs 4.7 billion profit

The United Bank Limited (UBL) has announced a consolidated profit before tax of Rs 4.7 billion for the first quarter of the year 2008, despite higher provision charge in view of the uncertain macro-economic environment prevailing in the domestic market.
Published 29 Apr, 2008 12:00am
China property market won't turn bearish in 2008

China property market won't turn bearish in 2008

China's real estate market will not see a major slowdown in 2008 despite Beijing's intensified efforts to cool excessive price rises, the top government think-tank sa report published on Monday. Urban property prices rose less rapidly in March than in the
Published 29 Apr, 2008 12:00am
UBL earns Rs 4.7 billion profit

UBL earns Rs 4.7 billion profit

The United Bank Limited (UBL) has announced a consolidated profit before tax of Rs 4.7 billion for the first quarter of the year 2008, despite higher provision charge in view of the uncertain macro-economic environment prevailing in the domestic market.
Published 29 Apr, 2008 12:00am
Turkish banks may face new delay on Basel II

Turkish banks may face new delay on Basel II

The global lending squeeze and a local economic downturn could give Turkish banks a further reprieve from adopting tougher international rules on credit risk and capital adequacy.
Published 29 Apr, 2008 12:00am
UBL earns Rs 4.7 billion profit

UBL earns Rs 4.7 billion profit

The United Bank Limited (UBL) has announced a consolidated profit before tax of Rs 4.7 billion for the first quarter of the year 2008, despite higher provision charge in view of the uncertain macro-economic environment prevailing in the domestic market.
Published 29 Apr, 2008 12:00am
South Korean second quarter exports seen up

South Korean second quarter exports seen up

South Korean exports during the second quarter will probably grow 16 percent from a year earlier, slowing slightly from the first quarter, a state-run bank specialising in trade financing said on Monday.
Published 29 Apr, 2008 12:00am
Bank of Canada injects $1.21 billion into market

Bank of Canada injects $1.21 billion into market

The Bank of Canada injected C$1.233 billion ($1.21 billion) into markets on Monday to lower the overnight interest rate toward the central bank's target and improve liquidity. The injection came through two separate decisions. The first injected C$855 mil
Published 29 Apr, 2008 12:00am
Chavez warns may take over large food distributor

Chavez warns may take over large food distributor

Venezuelan President Hugo Chavez warned on Sunday his government could take over the nation's largest food distributor, Alimentos Polar, amid a global food crisis and intermittent shortages in Venezuela of products like milk.
Published 29 Apr, 2008 12:00am
Bulls in front seat on ISE

Bulls in front seat on ISE

Equities showed recovery signs at the Islamabad Stock Exchange (ISE) on Monday where bulls remained in the front seat amid increase in index. ISE-10 Index was up by 23.18 points from 3,279.84 to 3,303.02 points. The volume of trade amounted to 1,446,100 s
Published 29 Apr, 2008 12:00am
'BoJ must be cautious on rate hikes'

'BoJ must be cautious on rate hikes'

Japan's very low interest rates should be adjusted eventually, but the Bank of Japan must be careful about this as such a move would hurt sentiment, an influential ruling party lawmaker said on Monday. Kaoru Yosano, a veteran politician from the ruling Li
Published 29 Apr, 2008 12:00am
Bulls in front seat on ISE

Bulls in front seat on ISE

Equities showed recovery signs at the Islamabad Stock Exchange (ISE) on Monday where bulls remained in the front seat amid increase in index. ISE-10 Index was up by 23.18 points from 3,279.84 to 3,303.02 points. The volume of trade amounted to 1,446,100 s
Published 29 Apr, 2008 12:00am
South Korea warns of slowdown, vows to lift investment

South Korea warns of slowdown, vows to lift investment

South Korea warned on Monday its economy has probably passed its peak and was in the early stages of downturn, and vowed to boost domestic investment by removing as many regulations as possible and to expand fiscal spending.
Published 29 Apr, 2008 12:00am
Share prices move up on LSE

Share prices move up on LSE

Share prices moved up on Lahore Stock Exchange (LSE) on Monday with growing buying interest in the oil sector on possibility of further increase in the prices of petroleum products in the domestic market. The LSE-25 Index gained 21.47 points to close at 4
Published 29 Apr, 2008 12:00am
India central bank faces dilemma as inflation rises, economy slows

India central bank faces dilemma as inflation rises, economy slows

India's central bank faces a tough dilemma this week as it decides whether to ramp up its inflation fight amid warnings that too harsh credit conditions could damage an already slowing economy. Overly aggressive monetary tightening by central bankers at t
Published 29 Apr, 2008 12:00am
Share prices move up on LSE

Share prices move up on LSE

Share prices moved up on Lahore Stock Exchange (LSE) on Monday with growing buying interest in the oil sector on possibility of further increase in the prices of petroleum products in the domestic market. The LSE-25 Index gained 21.47 points to close at 4
Published 29 Apr, 2008 12:00am
China's end-March jobless rate steady

China's end-March jobless rate steady

China's registered urban jobless rate was 4.0 percent at the end of March, unchanged from the end of 2007, the official Xinhua news agency said on Monday. It cited figures from the Ministry of Human Resources and Social Security as saying 8.25 million urb
Published 29 Apr, 2008 12:00am
Country utilised over $4 billion liquid foreign exchange reserves

Country utilised over $4 billion liquid foreign exchange reserves

The country has utilised over four billion dollars liquid foreign reserves to meet its continuously rising current account deficit as inflows of foreign direct investment were insufficient during current fiscal year, sources in banking industry told Bu
Published 29 Apr, 2008 12:00am
Chicago corn extends gains, rice up on Asian demand

Chicago corn extends gains, rice up on Asian demand

Chicago Board of Trade May corn futures rose more than 2 percent in trading on Monday, extending their on Friday rally, helped by concerns that rainfall may further delay corn planting.
Published 29 Apr, 2008 12:00am
Country utilised over $4 billion liquid foreign exchange reserves

Country utilised over $4 billion liquid foreign exchange reserves

The country has utilised over four billion dollars liquid foreign reserves to meet its continuously rising current account deficit as inflows of foreign direct investment were insufficient during current fiscal year, sources in banking industry told Bu
Published 29 Apr, 2008 12:00am
Asia fund industry eyes more bear market products

Asia fund industry eyes more bear market products

Asian investors, long used to being pitched mutual funds geared to high-flying stocks, will see more non-equity products on offer this year as the fund industry tries to ensure it can still attract cash if faced with an extended bear market.
Published 29 Apr, 2008 12:00am
Country utilised over $4 billion liquid foreign exchange reserves

Country utilised over $4 billion liquid foreign exchange reserves

The country has utilised over four billion dollars liquid foreign reserves to meet its continuously rising current account deficit as inflows of foreign direct investment were insufficient during current fiscal year, sources in banking industry told Bu
Published 29 Apr, 2008 12:00am
Asia fund industry eyes more bear market products

Asia fund industry eyes more bear market products

Asian investors, long used to being pitched mutual funds geared to high-flying stocks, will see more non-equity products on offer this year as the fund industry tries to ensure it can still attract cash if faced with an extended bear market.
Published 29 Apr, 2008 12:00am
Sales tax exemption given on local supply of diesel engines

Sales tax exemption given on local supply of diesel engines

Food shortage in the world has promoted the government to extend the scope of sales tax exemption on the local supply of compression-ignition internal combustion piston engines (diesel engines ranging between 3 to 36 HP).
Published 29 Apr, 2008 12:00am
Emerging private equity flows despite crunch

Emerging private equity flows despite crunch

Private equity deals in established Western economies have almost dried up due to the credit crunch but in emerging markets, billions still flow, including increasing amounts to more exotic frontier areas. The US mortgage meltdown has left Western banks l
Published 29 Apr, 2008 12:00am
Sales tax exemption given on local supply of diesel engines

Sales tax exemption given on local supply of diesel engines

Food shortage in the world has promoted the government to extend the scope of sales tax exemption on the local supply of compression-ignition internal combustion piston engines (diesel engines ranging between 3 to 36 HP).
Published 29 Apr, 2008 12:00am
TNT confirms outlook, says economies held up

TNT confirms outlook, says economies held up

TNT, the smallest of the world's top four express delivery companies, confirmed its 2008 outlook on Monday and said economic activity in its markets held up in the first quarter compared with the previous three months.
Published 29 Apr, 2008 12:00am
Sales tax exemption given on local supply of diesel engines

Sales tax exemption given on local supply of diesel engines

Food shortage in the world has promoted the government to extend the scope of sales tax exemption on the local supply of compression-ignition internal combustion piston engines (diesel engines ranging between 3 to 36 HP).
Published 29 Apr, 2008 12:00am
Swiss economic outlook good, rates appropriate: SNB

Swiss economic outlook good, rates appropriate: SNB

The Swiss economy remains well positioned to weather the global downturn but faces considerable risks which need close monitoring, Swiss National Bank board member Thomas Jordan said on Monday.
Published 29 Apr, 2008 12:00am
Sri Lanka eyeing energy boost from Iran: officials

Sri Lanka eyeing energy boost from Iran: officials

Sri Lanka is counting on Tehran to boost the island's energy supplies and ink several other deals during a two-day visit by Iranian President Mahmoud Ahmadinejad starting later Monday, officials said. Sri Lankan President Mahinda Rajapakse was to greet Ah
Published 29 Apr, 2008 12:00am
Five cities bid to host EU's planned technology institute

Five cities bid to host EU's planned technology institute

Five cities - in Hungary, Poland, Spain, Slovakia and Austria - have put their municipal hats in the ring in the contest to host the planned European Institute of Innovation and Technology. Four bids had been received to host the headquarters of the campu
Published 29 Apr, 2008 12:00am
RBS signals job cuts in wake of ABN Amro take-over

RBS signals job cuts in wake of ABN Amro take-over

Britain's Royal Bank of Scotland said Monday that there will be job losses over the next two years following the recent blockbuster take-over of Dutch lender ABN Amro. Britain's second biggest bank made the announcement after the Financial Times reported
Published 29 Apr, 2008 12:00am
Asia-Pacific energy reform could save $700 billion: UN

Asia-Pacific energy reform could save $700 billion: UN

Greater use of renewable energy and power conservation could save countries in the Asia-Pacific region 700 billion dollars by 2030, according to a UN report released here Monday. The UN said without reform, energy infrastructure development in the region
Published 29 Apr, 2008 12:00am
Canadian banks to improve disclosure

Canadian banks to improve disclosure

Canadian banks will improve certain disclosure practices as urged by the G7 in its recent Financial Stability Forum report, federal Finance Minister Jim Flaherty said on Monday after meeting with regulators and the heads of the country's largest commercia
Published 29 Apr, 2008 12:00am
Asia-Pacific energy reform could save $700 billion: UN

Asia-Pacific energy reform could save $700 billion: UN

Greater use of renewable energy and power conservation could save countries in the Asia-Pacific region 700 billion dollars by 2030, according to a UN report released here Monday. The UN said without reform, energy infrastructure development in the region
Published 29 Apr, 2008 12:00am
Sony to double LCD TV output

Sony to double LCD TV output

Japanese electronics giant Sony said Monday it plans to double its LCD TV production in Slovakia to four million sets per year by the end of 2008. "This year we have scheduled to expand production to four million" LCD TVs, factory managing director Hajime
Published 29 Apr, 2008 12:00am
Asia-Pacific energy reform could save $700 billion: UN

Asia-Pacific energy reform could save $700 billion: UN

Greater use of renewable energy and power conservation could save countries in the Asia-Pacific region 700 billion dollars by 2030, according to a UN report released here Monday. The UN said without reform, energy infrastructure development in the region
Published 29 Apr, 2008 12:00am
Millions sign petition for release of Hasina

Millions sign petition for release of Hasina

The Bangladesh Awami League submitted a petition on Monday signed by 2.5 million people to the office of the head of the interim government seeking the release of detained former prime minister Sheikh Hasina. Awami officials said they collected the signat
Published 29 Apr, 2008 12:00am
Tata Consultancy's fourth quarter net profit below estimate

Tata Consultancy's fourth quarter net profit below estimate

Tata Consultancy Services Ltd posted a lower-than-expected rise in quarterly profit on Monday, but sounded positive on growth prospects despite worries that a weak US economy would hurt outsourcing deals.
Published 29 Apr, 2008 12:00am
PPP and MQM reach 'power sharing deal' in Sindh

PPP and MQM reach 'power sharing deal' in Sindh

Pakistan People's Party and Muttahida Qaumi Movement on Monday reached a power sharing deal in Sindh and the MQM ministers would take oath within next few days, Aaj TV reported. According to the TV channel, under the power sharing deal ten to fourt
Published 29 Apr, 2008 12:00am
US Air, Alaska Air post losses, cite fuel costs

US Air, Alaska Air post losses, cite fuel costs

US Airways Group Inc and Alaska Air Group Inc posted quarterly losses on Thursday, citing surging fuel costs that have inflicted pain on the entire industry. US carriers have been uniformly punished by the rising price of oil, which counters their best ef
Published 29 Apr, 2008 12:00am
PPP and MQM reach 'power sharing deal' in Sindh

PPP and MQM reach 'power sharing deal' in Sindh

Pakistan People's Party and Muttahida Qaumi Movement on Monday reached a power sharing deal in Sindh and the MQM ministers would take oath within next few days, Aaj TV reported. According to the TV channel, under the power sharing deal ten to fourt
Published 29 Apr, 2008 12:00am
US Air, Alaska Air post losses, cite fuel costs

US Air, Alaska Air post losses, cite fuel costs

US Airways Group Inc and Alaska Air Group Inc posted quarterly losses on Thursday, citing surging fuel costs that have inflicted pain on the entire industry. US carriers have been uniformly punished by the rising price of oil, which counters their best ef
Published 29 Apr, 2008 12:00am
Time running out for German power sector

Time running out for German power sector

Time is running out for Germany to replace its ageing power plants as opposition to new projects frustrates energy industry efforts to avert looming supply shortages.
Published 29 Apr, 2008 12:00am
Indian soyaoil climbs

Indian soyaoil climbs

Indian soyaoil futures rose on Monday as prices in the United States and in rival palm oil in Malaysia rose on hopes for greater demand from the biofuel sector after crude oil prices climbed to another record. US crude rose to a lifetime high of $119.93 a
Published 29 Apr, 2008 12:00am
Mehsud halts talks over troops issue

Mehsud halts talks over troops issue

A Taliban commander halted peace talks with the government over its refusal to pull troops from a troubled tribal area, but a ceasefire remains intact, his spokesman said Monday. Warlord Baitullah Mehsud, accused by the last government of orchestrating th
Published 29 Apr, 2008 12:00am
China speeds grain shipments south to curb price rise

China speeds grain shipments south to curb price rise

China's railway ministry will accelerate over the next two months the shipment of 10 million tonnes of corn and rice from the north-eastern breadbasket to the south to dampen rising prices, state media reported on Monday.
Published 29 Apr, 2008 12:00am
Mehsud halts talks over troops issue

Mehsud halts talks over troops issue

A Taliban commander halted peace talks with the government over its refusal to pull troops from a troubled tribal area, but a ceasefire remains intact, his spokesman said Monday. Warlord Baitullah Mehsud, accused by the last government of orchestrating th
Published 29 Apr, 2008 12:00am
Manila's Arroyo may revamp state's rice buying: WSJ

Manila's Arroyo may revamp state's rice buying: WSJ

Philippine President Gloria Macapagal Arroyo is considering rolling back her government's direct role in subsidising expensive rice imports, the Wall Street Journal reported on Monday.
Published 29 Apr, 2008 12:00am
Iran to provide 1100 megawatts of power: IPI project issues resolved

Iran to provide 1100 megawatts of power: IPI project issues resolved

Pakistan and Iran on Monday resolved all issues regarding the $7.5 billion gas pipeline project, paving way for inking an agreement soon at a mutually agreed date in Tehran. Iran also agreed to provide 1100 MW of electricity to Pakistan to help it overcom
Published 29 Apr, 2008 12:00am
Indonesian rubber: sellers scramble for supply in North Sumatra

Indonesian rubber: sellers scramble for supply in North Sumatra

Rubber sellers in North Sumatra, one of Indonesia's key rubber sources, have been scrambling for supplies due to wet spells and a rubber wintering dry season, industry officials and dealers said on Monday. Some sellers in the province are holding back sal
Published 29 Apr, 2008 12:00am
Iran to provide 1100 megawatts of power: IPI project issues resolved

Iran to provide 1100 megawatts of power: IPI project issues resolved

Pakistan and Iran on Monday resolved all issues regarding the $7.5 billion gas pipeline project, paving way for inking an agreement soon at a mutually agreed date in Tehran. Iran also agreed to provide 1100 MW of electricity to Pakistan to help it overcom
Published 29 Apr, 2008 12:00am
Morgan Stanley hikes 2010/11 raw sugar price forecast

Morgan Stanley hikes 2010/11 raw sugar price forecast

Investment bank Morgan Stanley has raised its forecast for the average raw sugar price in 2010/11 to 18.6 cents a lb, up from its previous forecast of 17.1 cents. ICE May raw sugar futures were up 0.16 cent or 1.4 percent to 11.53 cents a lb on Monday.
Published 29 Apr, 2008 12:00am
Iran to provide 1100 megawatts of power: IPI project issues resolved

Iran to provide 1100 megawatts of power: IPI project issues resolved

Pakistan and Iran on Monday resolved all issues regarding the $7.5 billion gas pipeline project, paving way for inking an agreement soon at a mutually agreed date in Tehran. Iran also agreed to provide 1100 MW of electricity to Pakistan to help it overcom
Published 29 Apr, 2008 12:00am
German high-speed train derails after hitting sheep

German high-speed train derails after hitting sheep

Four people were seriously injured when a German Intercity Express (ICE) train derailed at a speed of over 200 km (120 mph) per hour after hitting a flock of sheep in a tunnel near Fulda, German police said on Sunday. The four, suffering broken bones, wer
Published 29 Apr, 2008 12:00am
Northern Areas: funds for wheat purchase not released for four years

Northern Areas: funds for wheat purchase not released for four years

The Finance Division has not released Rs 1.74 billion, allocated in the budgets, to the food department of the Northern Areas, for purchase of wheat for the last 4 years, sources told Business Recorder on Monday. They said that the Finance Ministry
Published 29 Apr, 2008 12:00am
Iran urges Azeris to release atomic plant parts

Iran urges Azeris to release atomic plant parts

Iran has urged Azerbaijan to release a cargo of parts from Russia for the Islamic Republic's first nuclear power plant, Foreign Ministry said on Sunday. Russia says Azeri officials at the border with Iran last month halted the heat insulators for the Bush
Published 29 Apr, 2008 12:00am
Northern Areas: funds for wheat purchase not released for four years

Northern Areas: funds for wheat purchase not released for four years

The Finance Division has not released Rs 1.74 billion, allocated in the budgets, to the food department of the Northern Areas, for purchase of wheat for the last 4 years, sources told Business Recorder on Monday. They said that the Finance Ministry
Published 29 Apr, 2008 12:00am
China tells France to make efforts to improve ties

China tells France to make efforts to improve ties

China's Vice President Xi Jinping urged France Sunday to take measures to improve bilateral ties after tensions spiked over the issues of Tibet and the Olympic Games, state press said.
Published 29 Apr, 2008 12:00am
Northern Areas: funds for wheat purchase not released for four years

Northern Areas: funds for wheat purchase not released for four years

The Finance Division has not released Rs 1.74 billion, allocated in the budgets, to the food department of the Northern Areas, for purchase of wheat for the last 4 years, sources told Business Recorder on Monday. They said that the Finance Ministry
Published 29 Apr, 2008 12:00am
Former Bangladeshi prime minister Hasina refuses to quit politics

Former Bangladeshi prime minister Hasina refuses to quit politics

Former Bangladeshi prime minister Sheikh Hasina, jailed on charges of corruption, declared Sunday she was not quitting politics despite mounting pressure from senior party leaders to step down. "Once I thought of retiring from politics so that a new leade
Published 29 Apr, 2008 12:00am
US investors show confidence in new government

US investors show confidence in new government

United States Principal Officer Bryan Hunt has said US investors have confidence in the new government and they are willing to further invest in the country. He said this while talking to newsmen at the inaugural ceremony of a three-day Pakistan Banking E
Published 29 Apr, 2008 12:00am
Rising oil prices: hedge funds have a key role

Rising oil prices: hedge funds have a key role

The mind-boggling jumps in oil prices in recent weeks have the pundits flabbergasted. Those who thought a $100/brl price was an impossibility have to explain why it is $120/brl now and still rising. The reasons are actually not far to seek and energy anal
Published 29 Apr, 2008 12:00am
BRIndex30 gains 81.08 points

BRIndex30 gains 81.08 points

On Monday, the BRIndex30 opened in the positive zone, at 17,028.14 points, and remained there for the rest of the trading time. It closed at 17,080.39 with a net positive change of and percentage change of 0.48. It experienced intra-day high of 17,197.02
Published 29 Apr, 2008 12:00am
Costs driving US manufacturing firms out of China: AmCham

Costs driving US manufacturing firms out of China: AmCham

China is loosing some of its attractiveness to foreign investors as rising costs are forcing some US manufacturing firms to leave the country, the American Chamber of Commerce (AmCham) said Monday. More than two-thirds of AmCham's member companies surveye
Published 29 Apr, 2008 12:00am
BRIndex30 gains 81.08 points

BRIndex30 gains 81.08 points

On Monday, the BRIndex30 opened in the positive zone, at 17,028.14 points, and remained there for the rest of the trading time. It closed at 17,080.39 with a net positive change of and percentage change of 0.48. It experienced intra-day high of 17,197.02
Published 29 Apr, 2008 12:00am
German jobless total may fall below three million

German jobless total may fall below three million

German unemployment could fall below 3 million this autumn, less than four years after hitting a post-war high of more than 5 million, a senior official at the Federal Labour Office said on Monday.
Published 29 Apr, 2008 12:00am
Oil, banking sectors lead KSE rally

Oil, banking sectors lead KSE rally

The KSE-100 index gained 44.48 points to close at 15,479.22 points on Monday on the back of fresh buying mainly in banking and oil sectors. The KSE-30 index surged by 56.30 points and settled at 18,703.05 points level.
Published 29 Apr, 2008 12:00am
Whitbread to expand Premier Inn, Costa coffee chains

Whitbread to expand Premier Inn, Costa coffee chains

Whitbread, owner of Britain's biggest hotel and coffee-shop chains, announced long-term plans to open hundreds more Premier Inn budget hotels and Costa coffee shops as it posted forecast-topping results on Monday.
Published 29 Apr, 2008 12:00am
Oil, banking sectors lead KSE rally

Oil, banking sectors lead KSE rally

The KSE-100 index gained 44.48 points to close at 15,479.22 points on Monday on the back of fresh buying mainly in banking and oil sectors. The KSE-30 index surged by 56.30 points and settled at 18,703.05 points level.
Published 29 Apr, 2008 12:00am
Indonesian palm oil gains on Malaysia

Indonesian palm oil gains on Malaysia

Indonesian palm oil prices rose on Monday, lifted by Malaysian crude palm oil futures and demand from local refiners. In Jakarta, the state marketing centre sold crude palm oil at 9,968 rupiah ($1.08) a kg, an increase of 1.6 percent from 9,810 rupiah a k
Published 29 Apr, 2008 12:00am
Oil, banking sectors lead KSE rally

Oil, banking sectors lead KSE rally

The KSE-100 index gained 44.48 points to close at 15,479.22 points on Monday on the back of fresh buying mainly in banking and oil sectors. The KSE-30 index surged by 56.30 points and settled at 18,703.05 points level.
Published 29 Apr, 2008 12:00am
Russian grain prices decline

Russian grain prices decline

Russian grain prices continued their gradual decline last week, although old-crop balances remained fragile and producers offered little grain for sale. SovEcon agricultural analysts said some producers were refraining from selling grain on the expectatio
Published 29 Apr, 2008 12:00am
Rising oil prices: hedge funds have a key role

Rising oil prices: hedge funds have a key role

The mind-boggling jumps in oil prices in recent weeks have the pundits flabbergasted. Those who thought a $100/brl price was an impossibility have to explain why it is $120/brl now and still rising. The reasons are actually not far to seek and energy anal
Published 29 Apr, 2008 12:00am
Weak biofuel sector, higher supply to cap palm prices

Weak biofuel sector, higher supply to cap palm prices

Malaysian palm prices are unlikely to rise much higher this year from current levels as domestic supplies are improving while the world's appetite for biofuels is showing signs of slowing on rising feedstock prices, a senior Malaysian government official
Published 29 Apr, 2008 12:00am
New trade policy after consulting: Khaqan

New trade policy after consulting: Khaqan

Minister for Commerce, Shahid Khaqan Abbasi said on Monday that the forthcoming trade policy would be formulated in consultation with all stakeholders to make it more accommodative and efficient to propel exports for reducing trade deficit and socio-econo
Published 29 Apr, 2008 12:00am
New trade policy after consulting: Khaqan

New trade policy after consulting: Khaqan

Minister for Commerce, Shahid Khaqan Abbasi said on Monday that the forthcoming trade policy would be formulated in consultation with all stakeholders to make it more accommodative and efficient to propel exports for reducing trade deficit and socio-econo
Published 29 Apr, 2008 12:00am
Experts see boost to genetic testing from US bill

Experts see boost to genetic testing from US bill

Americans may be much more willing to get genetic tests showing predisposition to diseases with this week's expected final passage by Congress of a bill barring discrimination based on one's genetics, experts say.
Published 29 Apr, 2008 12:00am
Retailers tax scheme: FBR expresses concern over poor response

Retailers tax scheme: FBR expresses concern over poor response

The Federal Board of Revenue (FBR) has expressed serious concerns over the poor response by retailers and traders to a lucrative scheme announced in the 2007-08 budget to document the entire retail sector. Sources told Business Recorder on Monday t
Published 29 Apr, 2008 12:00am
Austrian woman says imprisoned, abused for 24 years

Austrian woman says imprisoned, abused for 24 years

An Austrian woman says she was kept prisoner and abused by her own father for 24 years in a basement dungeon in eastern Austria, where she bore him seven children, Austrian police said on Sunday. The 42-year-old woman has been named by police as Elisabeth
Published 29 Apr, 2008 12:00am
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