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Print - 2008-07-30
PSO on verge of stopping furnace oil supply to Pepco and Hubco

PSO on verge of stopping furnace oil supply to Pepco and Hubco

Pakistan State Oil (PSO) has the permission from the government to stop furnace oil supply to Pakistan Electric Power Company (Pepco) and Hub Power Company (Hubco) after their receivables touch Rs 22.87 billion, sources in Petroleum Ministry told Busin
Published 30 Jul, 2008 12:00am
PSO on verge of stopping furnace oil supply to Pepco and Hubco

PSO on verge of stopping furnace oil supply to Pepco and Hubco

Pakistan State Oil (PSO) has the permission from the government to stop furnace oil supply to Pakistan Electric Power Company (Pepco) and Hub Power Company (Hubco) after their receivables touch Rs 22.87 billion, sources in Petroleum Ministry told Busin
Published 30 Jul, 2008 12:00am
R&D support facility extended till June 30

R&D support facility extended till June 30

The federal government has announced to extend the six percent research and development support programme for the apparel sector for the next one-year. The announcement was made in a meeting held at Islamabad between Finance Minister Syed Naveed Qamar and
Published 30 Jul, 2008 12:00am
R&D support facility extended till June 30

R&D support facility extended till June 30

The federal government has announced to extend the six percent research and development support programme for the apparel sector for the next one-year. The announcement was made in a meeting held at Islamabad between Finance Minister Syed Naveed Qamar and
Published 30 Jul, 2008 12:00am
R&D support facility extended till June 30

R&D support facility extended till June 30

The federal government has announced to extend the six percent research and development support programme for the apparel sector for the next one-year. The announcement was made in a meeting held at Islamabad between Finance Minister Syed Naveed Qamar and
Published 30 Jul, 2008 12:00am
World trade talks collapse

World trade talks collapse

Talks on a new world trade pact broke down without agreement here Tuesday, delegates said, after more than a week of bitter wrangling. "The package that we were able to negotiate and agree on Friday night is not going to carry the day," US Trade Represent
Published 30 Jul, 2008 12:00am
World trade talks collapse

World trade talks collapse

Talks on a new world trade pact broke down without agreement here Tuesday, delegates said, after more than a week of bitter wrangling. "The package that we were able to negotiate and agree on Friday night is not going to carry the day," US Trade Represent
Published 30 Jul, 2008 12:00am
World trade talks collapse

World trade talks collapse

Talks on a new world trade pact broke down without agreement here Tuesday, delegates said, after more than a week of bitter wrangling. "The package that we were able to negotiate and agree on Friday night is not going to carry the day," US Trade Represent
Published 30 Jul, 2008 12:00am
Gilani briefs US Senators, diplomats about economic woes

Gilani briefs US Senators, diplomats about economic woes

Appreciating the introduction of "Reconstruction Opportunity Zones (ROZ) Bill" in the US Congress, Prime Minister Syed Yousuf Raza Gilani has admitted before the US Senators and foreign diplomats that Pakistan is not only facing the challenges of extremis
Published 30 Jul, 2008 12:00am
Gilani briefs US Senators, diplomats about economic woes

Gilani briefs US Senators, diplomats about economic woes

Appreciating the introduction of "Reconstruction Opportunity Zones (ROZ) Bill" in the US Congress, Prime Minister Syed Yousuf Raza Gilani has admitted before the US Senators and foreign diplomats that Pakistan is not only facing the challenges of extremis
Published 30 Jul, 2008 12:00am
Gilani briefs US Senators, diplomats about economic woes

Gilani briefs US Senators, diplomats about economic woes

Appreciating the introduction of "Reconstruction Opportunity Zones (ROZ) Bill" in the US Congress, Prime Minister Syed Yousuf Raza Gilani has admitted before the US Senators and foreign diplomats that Pakistan is not only facing the challenges of extremis
Published 30 Jul, 2008 12:00am
Government borrowing ''''totally unsustainable'''': SBP

Government borrowing ''''totally unsustainable'''': SBP

The State Bank of Pakistan (SBP) has further tightened its monetary policy for another six months to curb the rising inflationary trend by increasing the key discount rate by 100 basis points (bps). The central bank has also instructed federal government
Published 30 Jul, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (July 29, 2008).

Published 30 Jul, 2008 12:00am
Government borrowing ''totally unsustainable'': SBP

Government borrowing ''totally unsustainable'': SBP

The State Bank of Pakistan (SBP) has further tightened its monetary policy for another six months to curb the rising inflationary trend by increasing the key discount rate by 100 basis points (bps). The central bank has also instructed federal government
Published 30 Jul, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (July 29, 2008).
Published 30 Jul, 2008 12:00am
Government borrowing 'totally unsustainable': SBP

Government borrowing 'totally unsustainable': SBP

The State Bank of Pakistan (SBP) has further tightened its monetary policy for another six months to curb the rising inflationary trend by increasing the key discount rate by 100 basis points (bps). The central bank has also instructed federal government
Published 30 Jul, 2008 12:00am
Government borrowing 'totally unsustainable': SBP

Government borrowing 'totally unsustainable': SBP

The State Bank of Pakistan (SBP) has further tightened its monetary policy for another six months to curb the rising inflationary trend by increasing the key discount rate by 100 basis points (bps). The central bank has also instructed federal government
Published 30 Jul, 2008 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (July 29, 2008).

Published 30 Jul, 2008 12:00am
Obama meets Gilani

Obama meets Gilani

US Democratic presidential candidate Barack Obama on Tuesday met with Prime Minister Yousaf Raza Gilani here on Tuesday and discussed relations between the two countries. The presumptive Democratic nominee is a co-sponsor of the recently introduced Biden-
Published 30 Jul, 2008 12:00am
Republican US senator indicted for oil gifts

Republican US senator indicted for oil gifts

Alaska Senator Ted Stevens, the longest-serving Republican in the US Senate, has been indicted for making false statements concerning gifts he received from an oil-services firm, the Justice Department said Tuesday.
Published 30 Jul, 2008 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (July 29, 2008).

Published 30 Jul, 2008 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (July 29, 2008).

Published 30 Jul, 2008 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (July 29, 2008).

Published 30 Jul, 2008 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 30 Jul, 2008 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 30 Jul, 2008 12:00am
New York cotton

New York cotton

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

Published 30 Jul, 2008 12:00am
New York cotton

New York cotton

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

Published 30 Jul, 2008 12:00am
US rice futures close firm

US rice futures close firm

US rice futures on the Chicago Board of Trade ended higher on Monday in choppy, light volume, traders said. Firmer Asian rice prices and concerns about a hot weather in the top US rice state of Arkansas were supportive features. CBOT September rice ended
Published 30 Jul, 2008 12:00am
Tokyo rubber down on firmer yen

Tokyo rubber down on firmer yen

Tokyo rubber futures inched down to hover above 331 yen on Tuesday, on light selling triggered by a firmer yen. Traders continued to look to the crude oil market - currently down some 15 percent from a July 11 record above $147 - for direction.
Published 30 Jul, 2008 12:00am
US copper higher

US copper higher

US copper futures managed to eke out a modest gain by the close on Monday as a weakening dollar and strength in surrounding markets enabled the red metal to reverse an early bout of liquidation. Copper for September delivery ended up 0.70 cent at $3.6120
Published 30 Jul, 2008 12:00am
Vietnam coffee prices seen firm

Vietnam coffee prices seen firm

Vietnam's domestic coffee prices stayed stable in the past week but traders expect prices to firm this week on the back of quickly thinning stocks. Robusta beans were quoted around 35,500 dong ($2.15) per kg in Daklak, Vietnam's largest coffee growing pro
Published 30 Jul, 2008 12:00am
New York sugar settles easier

New York sugar settles easier

Raw sugar futures finished lower on Monday on investor and trade sales as the recovery from a fall last week to a 3-1/2 week low ran out of steam, brokers said. The October raw sugar contract fell 0.12 cent to end at 12.32 cents per lb, dealing from 12.14
Published 30 Jul, 2008 12:00am
Soya futures end firm

Soya futures end firm

US soybean futures on the Chicago Board of Trade closed higher Monday on a technical bounce after sliding to a seven-week low last week, traders said. Concerns about hotter weather moving into the US Midwest crop belt starting late this week provided supp
Published 30 Jul, 2008 12:00am
Malaysian palm oil dips

Malaysian palm oil dips

Malaysian crude palm oil futures dropped as much as 4.7 percent to seven-and-a-half month lows on Tuesday, slipping below a key resistance level of 3,000 ringgit on signs of rising stocks of the vegetable oil. Palm oil, stricken in recent weeks by weakeni
Published 30 Jul, 2008 12:00am
Malaysian tin falls

Malaysian tin falls

Malaysian tin eased 0.4 percent on Tuesday to its lowest level since June 18, in a technical correction against London Metal Exchange prices, one dealer said.
Published 30 Jul, 2008 12:00am
US gold eases

US gold eases

US gold futures retreated on Monday due to a lack of market driving news, while platinum extended last week's losses on fears of lower autocatalyst demand because of poor US auto sales.
Published 30 Jul, 2008 12:00am
Gold rises above $930 in Asia on oil

Gold rises above $930 in Asia on oil

Gold rose above $930 on Tuesday as firming oil prices burnished the metal's appeal as a hedge against inflation, while weak stock markets encouraged some speculators to shift some of their money back to bullion.
Published 30 Jul, 2008 12:00am
Oil creeps above $125 on Iran

Oil creeps above $125 on Iran

Oil edged higher on Tuesday, as tensions in Iran and Nigeria raised supply worries, although gains were limited ahead of the release of US oil inventory data this week, which is expected to show weakening demand. US light crude for September delivery was
Published 30 Jul, 2008 12:00am
Oil World sees surge in Argentine soyabean exports

Oil World sees surge in Argentine soyabean exports

A surge in Argentine soyabean exports is likely in July and cut US shipments, Hamburg-based oilseeds analysts Oil World said on Tuesday. But it added that another tax move by Buenos Aires has again hit Argentine shipments after the government repealed on
Published 30 Jul, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 130,397 tonnes of cargo including 70,349 tonnes of import, 60,048 tonnes of export cargo and 2,565 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Tuesday.
Published 30 Jul, 2008 12:00am
Indonesia to invest up to $175 million in cocoa

Indonesia to invest up to $175 million in cocoa

Indonesia will spend as much as 1.6 trillion rupiah ($175 million) this year on revitalising cocoa plantations and tackling the spread of pests and diseases which threaten output, an agriculture official said on Tuesday. Indonesia, the world's third-large
Published 30 Jul, 2008 12:00am
Canadian canola futures higher

Canadian canola futures higher

Canadian canola futures settled higher on Monday after choppy US soya futures turned higher, with crushers seen as the best buyers and light fund selling noted, traders said. "Every time bean oil was making a new high, crushers were buyers," a trader said
Published 30 Jul, 2008 12:00am
US Midwest corn bids firmer; soya unchanged

US Midwest corn bids firmer; soya unchanged

Spot basis bids for corn were steady to firm on Monday after weeks of slow farmer selling left some dealers searching for supplies while soyabean bids were mostly unchanged. Farmer selling of both corn and soyabeans was slow again on Monday as cash prices
Published 30 Jul, 2008 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

The average price of Bangladesh teas rose 0.68 percent to 120.60 taka ($1.76) per kg on higher demand at the weekly auction on Tuesday, brokers said. More than 1.52 million kg were sold at 120.60 taka per kg on average, up 0.82 taka from the last sale. Th
Published 30 Jul, 2008 12:00am
Vegetable oil price fall sparks physical demand

Vegetable oil price fall sparks physical demand

The global fall in vegetable oil prices in July has sparked a recovery in physical demand noticeably for biofuel production, Hamburg-based oilseeds analysts Oil World said on Tuesday. "The steep price setback seen in the past few days suggested that deman
Published 30 Jul, 2008 12:00am
US wheat closes lower

US wheat closes lower

US wheat futures closed lower on Monday, retreating after an early rally on technical selling that included profit-taking from sharp gains on Friday, traders said. Plentiful global wheat supplies and weak cash markets for soft red winter wheat added press
Published 30 Jul, 2008 12:00am
Chinese edible oils futures sink

Chinese edible oils futures sink

Edible oil futures sank across the board in China on Tuesday, continuing a month of losses, as traders feared more supply would be dumped into a market where consumption is already weak. China is expected to release crude soyoil from reserves for refining
Published 30 Jul, 2008 12:00am
First-ever price peak seen in cotton business history

First-ever price peak seen in cotton business history

The first-ever peak was seen in the history of cotton business as supply was tight during the strong demand by the mills, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3,900, they said. In the ready business, ph
Published 30 Jul, 2008 12:00am
All round fall in grams prices on grain market

All round fall in grams prices on grain market

Falling trend was seen on the grain market on Tuesday, grams prices came down on easy supply, dealers said. On the grams side, yellow peas Canada fell by Rs 50 to Rs 3800-4050, yellow peas dal Canada failed to retain the previous levels amid easy supply,
Published 30 Jul, 2008 12:00am
Standard Bank expands in Congo mining region

Standard Bank expands in Congo mining region

Standard Bank, Africa's largest bank by assets, opened a full-service branch in Congo's mineral-rich Katanga region on Tuesday in a bid to expand business with mining firms and wealthy individuals. The opening of the branch in Lubumbashi represents a move
Published 30 Jul, 2008 12:00am
South Korea pension fund eyes local, overseas acquisitions

South Korea pension fund eyes local, overseas acquisitions

South Korea's $230 billion state pension fund plans to aggressively diversify its investment away from bonds into acquisitions of companies at home and abroad to boost profits, its president said on Tuesday.
Published 30 Jul, 2008 12:00am
BP chief executive says to fight hard on TNK as profit soars

BP chief executive says to fight hard on TNK as profit soars

The Chief Executive of BP Plc threatened his oligarch partners in TNK-BP with a long and hard fight in their battle for control of the Russian oil company, as BP reported better-than-forecast quarterly profits. Tony Hayward said BP would use "all legal me
Published 30 Jul, 2008 12:00am
BP chief executive says to fight hard on TNK as profit soars

BP chief executive says to fight hard on TNK as profit soars

The Chief Executive of BP Plc threatened his oligarch partners in TNK-BP with a long and hard fight in their battle for control of the Russian oil company, as BP reported better-than-forecast quarterly profits. Tony Hayward said BP would use "all legal me
Published 30 Jul, 2008 12:00am
Colgate-Palmolive profit rises

Colgate-Palmolive profit rises

Colgate-Palmolive Co on Tuesday reported a 19 percent jump in quarterly profit as price increases and sales in emerging markets and North America helped offset soaring commodity costs and weakness in parts of Western Europe. The weaker dollar also helped
Published 30 Jul, 2008 12:00am
Colgate-Palmolive profit rises

Colgate-Palmolive profit rises

Colgate-Palmolive Co on Tuesday reported a 19 percent jump in quarterly profit as price increases and sales in emerging markets and North America helped offset soaring commodity costs and weakness in parts of Western Europe. The weaker dollar also helped
Published 30 Jul, 2008 12:00am
Indonesian woman gets five years in jail for bribing officer

Indonesian woman gets five years in jail for bribing officer

An Indonesian court sentenced a businesswoman to five years in jail on Tuesday for bribing a public prosecutor to drop a high-profile investigation in a scandal that has rocked the Attorney General's office.
Published 30 Jul, 2008 12:00am
IOC to probe apparent Internet censorship

IOC to probe apparent Internet censorship

The International Olympic Committee (IOC) will investigate apparent censorship of the Internet service provided for media covering the Beijing Olympics, press chief Kevan Gosper said on Tuesday. China, which has promised media the same freedom to report o
Published 30 Jul, 2008 12:00am
Karadzic supporters gather, appeal drags on

Karadzic supporters gather, appeal drags on

Hard-line nationalists gathered to show their support for war crimes suspect Radovan Karadzic on Tuesday, while Serbian authorities and his legal team played a cat-and-mouse game over his extradition. The leader of the Bosnian Serbs in the 1992-95 Bosnia
Published 30 Jul, 2008 12:00am
Guantanamo prisoners in limbo as trials gain pace

Guantanamo prisoners in limbo as trials gain pace

A Guantanamo prison cell door opened a crack to reveal an eye peering from the shadows within. A photographer focused through layers of fencing and barbed wire, and the door snapped shut. When the door cracked open again, the accused terrorist inside resp
Published 30 Jul, 2008 12:00am
Study urges more police, fewer troops against al Qaeda

Study urges more police, fewer troops against al Qaeda

The United States should shift strategy against al Qaeda from the current heavy reliance on military force to more effective use of police and intelligence work, a study released Tuesday concluded. The study by the RAND Corporation, a think tank that ofte
Published 30 Jul, 2008 12:00am
Gulf Arab inflation stabilising but pressures remain

Gulf Arab inflation stabilising but pressures remain

Gulf Arab inflation showed signs of moderating on Tuesday after months of rapid rises drove it to record levels, but pressures from elevated food and housing costs threaten to plague the region for years. Kuwait's red hot inflation cooled slightly in May
Published 30 Jul, 2008 12:00am
Merrill to sell $8.5 billion stock after big write-down

Merrill to sell $8.5 billion stock after big write-down

Merrill Lynch & Co said on Monday it will take a $5.7 billion third-quarter write-down as it unloads huge amounts of risky debt, and will raise $8.5 billion by selling new stock. The Wall Street investment bank and brokerage announced its plans less than
Published 30 Jul, 2008 12:00am
Merrill to sell $8.5 billion stock after big write-down

Merrill to sell $8.5 billion stock after big write-down

Merrill Lynch & Co said on Monday it will take a $5.7 billion third-quarter write-down as it unloads huge amounts of risky debt, and will raise $8.5 billion by selling new stock. The Wall Street investment bank and brokerage announced its plans less than
Published 30 Jul, 2008 12:00am
Alcatel-Lucent dumps chief executive and chairman

Alcatel-Lucent dumps chief executive and chairman

Alcatel-Lucent ousted its chairman and chief executive on Tuesday and lowered profit expectations yet again - further evidence that Asian rivals, Ericsson and Nortel are taking market share. The world's No 1 provider of fixed-line telecoms networks has lo
Published 30 Jul, 2008 12:00am
Alcatel-Lucent dumps chief executive and chairman

Alcatel-Lucent dumps chief executive and chairman

Alcatel-Lucent ousted its chairman and chief executive on Tuesday and lowered profit expectations yet again - further evidence that Asian rivals, Ericsson and Nortel are taking market share. The world's No 1 provider of fixed-line telecoms networks has lo
Published 30 Jul, 2008 12:00am
UN admits 'significant' Myanmar exchange rate loss

UN admits 'significant' Myanmar exchange rate loss

The top UN humanitarian affairs official said on Monday the world body had suffered "significant" losses while delivering cyclone aid to Myanmar due to a distorted official exchange rate.
Published 30 Jul, 2008 12:00am
Sony profit down

Sony profit down

Sony Corp posted a bigger-than-expected 47 percent fall in quarterly profit and cut its outlook, hurt by its struggling mobile phone joint venture with Sweden's Ericsson, while rival Matsushita nearly doubled its profit on rising flat TV sales.
Published 30 Jul, 2008 12:00am
Sony profit down

Sony profit down

Sony Corp posted a bigger-than-expected 47 percent fall in quarterly profit and cut its outlook, hurt by its struggling mobile phone joint venture with Sweden's Ericsson, while rival Matsushita nearly doubled its profit on rising flat TV sales.
Published 30 Jul, 2008 12:00am
US consumer confidence rises from 16-year low

US consumer confidence rises from 16-year low

US consumer confidence crept higher in July from the previous month's 16-year low as worries over inflation receded slightly, the Conference Board said on Tuesday. The Conference Board said its overall monthly measure of consumers' mood rose to 51.9 this
Published 30 Jul, 2008 12:00am
UK housing market pain grows, hits retail sales

UK housing market pain grows, hits retail sales

British retail sales fell this month at their fastest pace in at least a quarter century and consumers are finding it increasingly hard to get home loans in a housing market downturn that threatens to derail the economy. Bank of England data showed mortga
Published 30 Jul, 2008 12:00am
British Airways and Iberia in merger talks

British Airways and Iberia in merger talks

British Airways and Spain's Iberia are in talks to forge the latest in a series of European airline mergers that could also form the basis of a three-way transatlantic tie-up. The UK carrier said on Tuesday the talks were about a potential all-share merge
Published 30 Jul, 2008 12:00am
EU puts off Serbia trade decision

EU puts off Serbia trade decision

The European Union on Tuesday kept up pressure on Serbia to do more to resolve war crimes by again delaying a decision on unfreezing trade benefits despite the arrest of former Bosnian Serb leader Radovan Karadzic. After Karadzic's arrest last week, EU En
Published 30 Jul, 2008 12:00am
Top US astronaut welcomes space tourism

Top US astronaut welcomes space tourism

The commander of the latest US shuttle mission Tuesday welcomed the advent of space tourism, predicting that such travel is on the brink of the massive growth seen a century ago with airplanes. "The private sector can go out and make money doing something
Published 30 Jul, 2008 12:00am
India's central bank lifts key rate, ups cash ratio

India's central bank lifts key rate, ups cash ratio

India's central bank raised its benchmark rate by 50 basis points on Tuesday to its highest in seven years and hiked the cash reserve ratio, delivering a bigger-than-expected tightening to quell double-digit inflation. The central bank raised the short-te
Published 30 Jul, 2008 12:00am
Japan jobless rise to bite into shrinking spending

Japan jobless rise to bite into shrinking spending

Japan's jobless rate rose to a near two-year high in June as factories froze hiring, threatening to hit shrinking household spending and an economy that probably contracted in the second quarter. With export markets also crumbling, Japan's longest post-wa
Published 30 Jul, 2008 12:00am
Lufthansa cuts some flights as strike continues

Lufthansa cuts some flights as strike continues

Germany's Deutsche Lufthansa scrapped about 70 of its 2,000 daily flights on Tuesday as thousands of ground and cabin staff struck over pay for a second day. The routes affected were short-haul services with high frequencies, enabling it to switch passeng
Published 30 Jul, 2008 12:00am
European chemical firms warn of rising input prices

European chemical firms warn of rising input prices

European chemical companies warned on Tuesday of rising raw material and energy prices against a weakening economic backdrop and their results reflected sharp differences in how they were coping. Shares in Dutch chemicals group Akzo Nobel NV and Germany's
Published 30 Jul, 2008 12:00am
Inflation bites harder in remote Kenyan region

Inflation bites harder in remote Kenyan region

At a forgotten edge of Kenya's economy, remoteness has been no protection from the global pain of rising prices for the mountain town of Moyale. It perches at the Ethiopian border, far north of the capital Nairobi across mountains that descend to a forbid
Published 30 Jul, 2008 12:00am
Toshiba tumbles to first quarter loss, outlook hazy

Toshiba tumbles to first quarter loss, outlook hazy

Japanese electronics maker Toshiba made its first quarterly loss in three years as memory chip prices fell and sales of chips used by Sony slowed, but it kept its year outlook above market expectations.
Published 30 Jul, 2008 12:00am
Toshiba tumbles to first quarter loss, outlook hazy

Toshiba tumbles to first quarter loss, outlook hazy

Japanese electronics maker Toshiba made its first quarterly loss in three years as memory chip prices fell and sales of chips used by Sony slowed, but it kept its year outlook above market expectations.
Published 30 Jul, 2008 12:00am
'German inflation entrenched at 15-year high'

'German inflation entrenched at 15-year high'

German inflation has dug in at a 15-year high of 3.3 percent, according to an estimate for July released by the national statistics service on Tuesday. The figure for Europe's biggest economy was the same as the one set in June, and represented the highes
Published 30 Jul, 2008 12:00am
NAB seeks to reassure investors with bond return

NAB seeks to reassure investors with bond return

National Australia Bank Ltd has refunded hundreds of millions of dollars to irate investors who bought into a bond sale just days before the bank announced a surprise writedown. NAB, Australia's biggest bank by assets, said it gave investors the choice to
Published 30 Jul, 2008 12:00am
NAB seeks to reassure investors with bond return

NAB seeks to reassure investors with bond return

National Australia Bank Ltd has refunded hundreds of millions of dollars to irate investors who bought into a bond sale just days before the bank announced a surprise writedown. NAB, Australia's biggest bank by assets, said it gave investors the choice to
Published 30 Jul, 2008 12:00am