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Print - 2008-08-15
Shaam-e-Zarafat held

Shaam-e-Zarafat held

The renowned literary organisation, arranged an evening of "Satirical Writings" (Shaam-e-Zarafat) on Sunday in Samanabad F B Area, Karachi. The well-known satirist and columnist S M Moeen Qureshi presided over the function while Shafiq Ahmed Shafique cond
Published 15 Aug, 2008 12:00am
Kayani hosts reception

Kayani hosts reception

General Ashfaq Parvez Kayani on Thursday hosted reception for senior serving and retired Armed Forces Officers, Junior Commissioned Officers and Non-Commissioned Officers at Artillery Officers Mess as part of Independence Day Celebrations here. General Ab
Published 15 Aug, 2008 12:00am
Multitech launches 'boss pure'

Multitech launches 'boss pure'

Multitech has launched a new perfume from the house of Hugo Boss 'BOSS PURE' for men in an auspicious ceremony held recently at Park Towers Clifton. On this occasion Daniel Jouanneau, French Ambassador and Ms Nasreen Jalil, City Naib Nazim were also prese
Published 15 Aug, 2008 12:00am
US warns Russia of consequences over Georgia

US warns Russia of consequences over Georgia

The United States on Thursday accused Russia of using military action to punish Georgia for being a Western ally and said Moscow could face serious consequences for years to come. Defence Secretary Robert Gates ruled out using US military force in Georgia
Published 15 Aug, 2008 12:00am
US warns Russia of consequences over Georgia

US warns Russia of consequences over Georgia

The United States on Thursday accused Russia of using military action to punish Georgia for being a Western ally and said Moscow could face serious consequences for years to come. Defence Secretary Robert Gates ruled out using US military force in Georgia
Published 15 Aug, 2008 12:00am
Iran and Turkey fail to sign energy deals

Iran and Turkey fail to sign energy deals

Iranian President Mahmoud Ahmadinejad and his Turkish counterpart failed on Thursday to sign energy deals opposed by Washington, which is seeking to pressure Tehran into halting its nuclear programme. A joint statement from Ahmadinejad and President Abdul
Published 15 Aug, 2008 12:00am
Iran and Turkey fail to sign energy deals

Iran and Turkey fail to sign energy deals

Iranian President Mahmoud Ahmadinejad and his Turkish counterpart failed on Thursday to sign energy deals opposed by Washington, which is seeking to pressure Tehran into halting its nuclear programme. A joint statement from Ahmadinejad and President Abdul
Published 15 Aug, 2008 12:00am
Iran and Turkey fail to sign energy deals

Iran and Turkey fail to sign energy deals

Iranian President Mahmoud Ahmadinejad and his Turkish counterpart failed on Thursday to sign energy deals opposed by Washington, which is seeking to pressure Tehran into halting its nuclear programme. A joint statement from Ahmadinejad and President Abdul
Published 15 Aug, 2008 12:00am
135,000 flee Pakistan tribal area clashes: officials

135,000 flee Pakistan tribal area clashes: officials

Around 135,000 residents have fled a Pakistani tribal area bordering Afghanistan to escape clashes between troops and Taliban militants that have left scores dead, officials said Thursday. The officials said that up to half of the population of some villa
Published 15 Aug, 2008 12:00am
135,000 flee Pakistan tribal area clashes: officials

135,000 flee Pakistan tribal area clashes: officials

Around 135,000 residents have fled a Pakistani tribal area bordering Afghanistan to escape clashes between troops and Taliban militants that have left scores dead, officials said Thursday. The officials said that up to half of the population of some villa
Published 15 Aug, 2008 12:00am
Sindh government condemns Lahore blast: Marri

Sindh government condemns Lahore blast: Marri

Sindh Minister for Information Shazia Marri said that Sindh government has strongly condemned the Lahore bomb blast. In a statement here on Thursday, she expressed profound grief over the loss of precious lives in this tragic incident and condoled with th
Published 15 Aug, 2008 12:00am
Zardari flays Lahore blast

Zardari flays Lahore blast

The Co-chairman Pakistan People's Party, Asif Ali Zardari has vehemently condemned suicide bombing incident in Lahore and described it a nefarious conspiracy planned by anti-Pakistan elements on eve of Independence Day celebrations.
Published 15 Aug, 2008 12:00am
Indus, Kabul, Chenab and Ravi rivers in low floods

Indus, Kabul, Chenab and Ravi rivers in low floods

Four rivers of the country, Indus, Kabul, Ravi and Chenab are in low flood at various points of the country. According to flood warning centre report, River Indus is low flood at Tarbela Chashma, Guddu and Sukkur. River Kabul at Nowshera, River Chenab at
Published 15 Aug, 2008 12:00am
Speaker Punjab Assembly hoists national flag

Speaker Punjab Assembly hoists national flag

Speaker of Punjab Assembly Rana Muhammad Iqbal hoisted national flag at its premises on Thursday. This was the maiden occurrence of the event in the history of the legislator body. Deputy Speaker Rana Mushood Khan and large number of provincial assembly m
Published 15 Aug, 2008 12:00am
Balochistan Assembly meets today

Balochistan Assembly meets today

The Balochistan Assembly will meet here this afternoon to debate a resolution regarding the impeachment of President Pervez Musharraf. It will ask the President to either seek a vote of confidence from the assemblies or quit the office of President.
Published 15 Aug, 2008 12:00am
Policeman killed in firing incident

Policeman killed in firing incident

Unknown gunmen killed a policeman who was on duty here near Askari Park, on Thursday, police said. The policeman identified as Muhammad Iqbal was on his routine duty when unidentified armed men shot him dead and fled from the scene. Area police registered
Published 15 Aug, 2008 12:00am
'Pakistan unique gift of God for Muslim Ummah'

'Pakistan unique gift of God for Muslim Ummah'

Punjab University vice-chancellor Dr Mujahid Kamran has stressed upon the nation to straighten its character for strengthening their beloved Pakistan. While addressing the gathering after flag hoisting ceremony in connection with 62nd Independence Day cel
Published 15 Aug, 2008 12:00am
Six killed in Dera Bugti mine blast

Six killed in Dera Bugti mine blast

Nawab Bugti's defiant commander Wadera Fazal Shambani and his five security guards were killed in mine blast in Loti area, Balochistan on Thursday, Aaj TV reported. Quoting the official sources, the channel said that Fazal Shambani was going back to his h
Published 15 Aug, 2008 12:00am
Overseas Pakistanis to cast vote in next elections

Overseas Pakistanis to cast vote in next elections

The Federal Minister for Labour, Manpower and Overseas Pakistanis, Syed Khursheed Ahmad Shah has said that overseas Pakistanis would exercise their right of vote in the next elections.
Published 15 Aug, 2008 12:00am
CPNE hails bill for removing curbs on media

CPNE hails bill for removing curbs on media

Council of Pakistan Newspapers Editors (CPNE) President Arif Nizami here on Thursday hailed the government for moving a bill in the National Assembly for removal of curbs imposed on media by the last regime.
Published 15 Aug, 2008 12:00am
Are bio-fuels to blame for rising food prices?

Are bio-fuels to blame for rising food prices?

The production of bio-fuel as an alternate source of energy may be the main reason behind high food prices in the international market, Business Recorder has learnt. There are two schools of thought on this issued with one favouring this view and s
Published 15 Aug, 2008 12:00am
Thousands throng Civic Centre to get 'city owners' cards

Thousands throng Civic Centre to get 'city owners' cards

Thousands of people from a cross section of the society thronged Civic Centre on the Independence Day to get "City Owners" cards as registered volunteers. City Nazim Syed Mustafa Kamal was the first to get this card followed by the District Co-ordination
Published 15 Aug, 2008 12:00am
Ziaul Haq colony residents get lease documents

Ziaul Haq colony residents get lease documents

The Chief Minister of Sindh, Syed Qaim Ali Shah, on Thursday handed over lease documents to the residents of Zia-ul-Haq colony in Gulshan-e-Iqbal Block 13-D/2 and also inaugurated lease campus. Speaking on the occasion, he said that PPP has always taken b
Published 15 Aug, 2008 12:00am
PPP and PML-N joint body meeting today

PPP and PML-N joint body meeting today

A conclusive meeting of the drafting committee, comprising top leaders of PPP and PML-N, will be held on Friday (today) in a bid to review President Pervez Musharraf's impeachment process. This was disclosed by Pakistan Peoples' Party (PPP)'s spokesman Fa
Published 15 Aug, 2008 12:00am
Impeachment move aimed at putting an end to dictatorship: Nawaz

Impeachment move aimed at putting an end to dictatorship: Nawaz

Pakistan Muslim League-Nawaz Quaid Mian Nawaz Sharif on Thursday said that impeachment move against President is not against Pervez Musharraf rather it is against dictatorship which caused great harm to the country as well as nation.
Published 15 Aug, 2008 12:00am
Formulating proposals for CCoP: Naveed to chair PC board meeting today

Formulating proposals for CCoP: Naveed to chair PC board meeting today

Federal Privatisation, Investment and Finance, Minister Syed Naveed Qamar will chair a meeting of the Privatisation Commission board on August 15. The meeting will formulate recommendations for Cabinet Committee on Privatisation (CCoP) and review the stat
Published 15 Aug, 2008 12:00am
Shahbaz inaugurates Rs 22 billion food stamp scheme

Shahbaz inaugurates Rs 22 billion food stamp scheme

Punjab Chief Minister, Muhammad Shahbaz Sharif, inaugurated Food Stamp scheme worth Rs 22 billion held at General Post Office (GPO) here Thursday. The chief minister disclosed that out of total amount Rs 1.8 million would be spent to elevate the position
Published 15 Aug, 2008 12:00am
Shahbaz inaugurates Rs 22 billion food stamp scheme

Shahbaz inaugurates Rs 22 billion food stamp scheme

Punjab Chief Minister, Muhammad Shahbaz Sharif, inaugurated Food Stamp scheme worth Rs 22 billion held at General Post Office (GPO) here Thursday. The chief minister disclosed that out of total amount Rs 1.8 million would be spent to elevate the position
Published 15 Aug, 2008 12:00am
Shahbaz inaugurates Rs 22 billion food stamp scheme

Shahbaz inaugurates Rs 22 billion food stamp scheme

Punjab Chief Minister, Muhammad Shahbaz Sharif, inaugurated Food Stamp scheme worth Rs 22 billion held at General Post Office (GPO) here Thursday. The chief minister disclosed that out of total amount Rs 1.8 million would be spent to elevate the position
Published 15 Aug, 2008 12:00am
SBP striving for economic growth: Dr Shamshad

SBP striving for economic growth: Dr Shamshad

The State Bank of Pakistan (SBP), since its inception, has been making relentless efforts with sincerity and honesty for the development of the country''s economy. The banking industry has made significant progress in recent years and the State Bank has t
Published 15 Aug, 2008 12:00am
SBP striving for economic growth: Dr Shamshad

SBP striving for economic growth: Dr Shamshad

The State Bank of Pakistan (SBP), since its inception, has been making relentless efforts with sincerity and honesty for the development of the country's economy. The banking industry has made significant progress in recent years and the State Bank has ta
Published 15 Aug, 2008 12:00am
SBP striving for economic growth: Dr Shamshad

SBP striving for economic growth: Dr Shamshad

The State Bank of Pakistan (SBP), since its inception, has been making relentless efforts with sincerity and honesty for the development of the country's economy. The banking industry has made significant progress in recent years and the State Bank has ta
Published 15 Aug, 2008 12:00am
Exiled anti-corruption fighter to return to Kenya

Exiled anti-corruption fighter to return to Kenya

A government whistleblower who exposed one of Kenya's biggest corruption scandals said on Thursday he would return home for the first time since he fled to Britain three years ago fearing he could be murdered.
Published 15 Aug, 2008 12:00am
Zimbabwe briefly seizes Tsvangirai's travel papers

Zimbabwe briefly seizes Tsvangirai's travel papers

Zimbabwean authorities briefly confiscated opposition leader Morgan Tsvangirai's passport on Thursday, threatening to prevent him attending a regional summit in neighbouring South Africa, an MDC official said.
Published 15 Aug, 2008 12:00am
FBR concerned about growing number of non-filers

FBR concerned about growing number of non-filers

The Federal Board of Revenue has expressed concern over huge difference between the number of companies registered with the Securities and Exchange Commission of Pakistan and the companies who are filing income tax returns. Sources told Business Record
Published 15 Aug, 2008 12:00am
FBR concerned about growing number of non-filers

FBR concerned about growing number of non-filers

The Federal Board of Revenue has expressed concern over huge difference between the number of companies registered with the Securities and Exchange Commission of Pakistan and the companies who are filing income tax returns. Sources told Business Record
Published 15 Aug, 2008 12:00am
FBR concerned about growing number of non-filers

FBR concerned about growing number of non-filers

The Federal Board of Revenue has expressed concern over huge difference between the number of companies registered with the Securities and Exchange Commission of Pakistan and the companies who are filing income tax returns. Sources told Business Record
Published 15 Aug, 2008 12:00am
Taxpayers may miss deadline: FBR online system collapse

Taxpayers may miss deadline: FBR online system collapse

A large number of taxpayers are likely to miss the deadline of August 15 to pay sales tax, owing to the collapse of the Federal Board of Revenue (FBR) online system since August 12. Khushnood A. Khan, President, Karachi Sales Tax Bar Association (KSTBA) t
Published 15 Aug, 2008 12:00am
Taxpayers may miss deadline: FBR online system collapse

Taxpayers may miss deadline: FBR online system collapse

A large number of taxpayers are likely to miss the deadline of August 15 to pay sales tax, owing to the collapse of the Federal Board of Revenue (FBR) online system since August 12. Khushnood A. Khan, President, Karachi Sales Tax Bar Association (KSTBA) t
Published 15 Aug, 2008 12:00am
Taxpayers may miss deadline: FBR online system collapse

Taxpayers may miss deadline: FBR online system collapse

A large number of taxpayers are likely to miss the deadline of August 15 to pay sales tax, owing to the collapse of the Federal Board of Revenue (FBR) online system since August 12. Khushnood A. Khan, President, Karachi Sales Tax Bar Association (KSTBA) t
Published 15 Aug, 2008 12:00am
FBR to seek Rs 188.81 million for 20 PSDP projects

FBR to seek Rs 188.81 million for 20 PSDP projects

The Federal Board of Revenue (FBR) would approach the Planning Commission and the Finance Ministry for obtaining funding of Rs 188.818 million for 20 new projects under the Public Sector Development Program (PSDP) funding in 2008-09.
Published 15 Aug, 2008 12:00am
FBR to seek Rs 188.81 million for 20 PSDP projects

FBR to seek Rs 188.81 million for 20 PSDP projects

The Federal Board of Revenue (FBR) would approach the Planning Commission and the Finance Ministry for obtaining funding of Rs 188.818 million for 20 new projects under the Public Sector Development Program (PSDP) funding in 2008-09.
Published 15 Aug, 2008 12:00am
FBR to seek Rs 188.81 million for 20 PSDP projects

FBR to seek Rs 188.81 million for 20 PSDP projects

The Federal Board of Revenue (FBR) would approach the Planning Commission and the Finance Ministry for obtaining funding of Rs 188.818 million for 20 new projects under the Public Sector Development Program (PSDP) funding in 2008-09.
Published 15 Aug, 2008 12:00am
Fertiliser prices shoot up enormously

Fertiliser prices shoot up enormously

The prices of fertilisers have increased enormously in a year time with statistics showing that prices of urea and DAP were up by 30.39 and 151.30 percent respectively on July 31, 2008 over the same period last year. According to the Federal Bureau of Sta
Published 15 Aug, 2008 12:00am
Fertiliser prices shoot up enormously

Fertiliser prices shoot up enormously

The prices of fertilisers have increased enormously in a year time with statistics showing that prices of urea and DAP were up by 30.39 and 151.30 percent respectively on July 31, 2008 over the same period last year. According to the Federal Bureau of Sta
Published 15 Aug, 2008 12:00am
Fertiliser prices shoot up enormously

Fertiliser prices shoot up enormously

The prices of fertilisers have increased enormously in a year time with statistics showing that prices of urea and DAP were up by 30.39 and 151.30 percent respectively on July 31, 2008 over the same period last year. According to the Federal Bureau of Sta
Published 15 Aug, 2008 12:00am
SBP measures fail to check rupee slide

SBP measures fail to check rupee slide

The central bank''s strict exchange policy measures have failed to stop the fall of rupee against dollar. Analysts said the major reason of this failure is the political uncertainty in the country. As a result the rupee has witnessed depreciation by some
Published 15 Aug, 2008 12:00am
SBP measures fail to check rupee slide

SBP measures fail to check rupee slide

The central bank's strict exchange policy measures have failed to stop the fall of rupee against dollar. Analysts said the major reason of this failure is the political uncertainty in the country. As a result the rupee has witnessed depreciation by some 1
Published 15 Aug, 2008 12:00am
SBP measures fail to check rupee slide

SBP measures fail to check rupee slide

The central bank's strict exchange policy measures have failed to stop the fall of rupee against dollar. Analysts said the major reason of this failure is the political uncertainty in the country. As a result the rupee has witnessed depreciation by some 1
Published 15 Aug, 2008 12:00am
Balochistan governor says he intends to resign

Balochistan governor says he intends to resign

Balochistan Governor Nawab Zulfikar Ali Magsi on Thursday announced that he intends to resign, saying he is unable to control the current situation in the province. While talking to the media here, the Governor said there were many good people in the prov
Published 15 Aug, 2008 12:00am
Balochistan governor says he intends to resign

Balochistan governor says he intends to resign

Balochistan Governor Nawab Zulfikar Ali Magsi on Thursday announced that he intends to resign, saying he is unable to control the current situation in the province. While talking to the media here, the Governor said there were many good people in the prov
Published 15 Aug, 2008 12:00am
CAA oblivious to air accord violations by Gulf carriers

CAA oblivious to air accord violations by Gulf carriers

The Civil Aviation Authority (CAA) is turning a blind eye to the violations of bilateral air agreements by airlines, particularly Gulf carriers by picking up sixth freedom traffic from Pakistan. Bilateral agreements allow only third and fourth freedom, ie
Published 15 Aug, 2008 12:00am
CAA oblivious to air accord violations by Gulf carriers

CAA oblivious to air accord violations by Gulf carriers

The Civil Aviation Authority (CAA) is turning a blind eye to the violations of bilateral air agreements by airlines, particularly Gulf carriers by picking up sixth freedom traffic from Pakistan. Bilateral agreements allow only third and fourth freedom, ie
Published 15 Aug, 2008 12:00am
CAA oblivious to air accord violations by Gulf carriers

CAA oblivious to air accord violations by Gulf carriers

The Civil Aviation Authority (CAA) is turning a blind eye to the violations of bilateral air agreements by airlines, particularly Gulf carriers by picking up sixth freedom traffic from Pakistan. Bilateral agreements allow only third and fourth freedom, ie
Published 15 Aug, 2008 12:00am
'Dubai fund boss faces investigation'

'Dubai fund boss faces investigation'

Dubai mortgage lender Tamweel's former chief executive and head of investments are under investigation for alleged wrongdoing, their current Dubai employer said on Thursday.
Published 15 Aug, 2008 12:00am
'Dubai fund boss faces investigation'

'Dubai fund boss faces investigation'

Dubai mortgage lender Tamweel's former chief executive and head of investments are under investigation for alleged wrongdoing, their current Dubai employer said on Thursday.
Published 15 Aug, 2008 12:00am
'US and Libya sign compensation deal'

'US and Libya sign compensation deal'

Libya and the United States Thursday signed a compensation deal for American victims of Libyan attacks and US reprisals, paving the way for full normalisation of ties between the two countries. The agreement was signed by visiting US assistant secretary o
Published 15 Aug, 2008 12:00am
Spate of Iraq bomb attacks kills 22

Spate of Iraq bomb attacks kills 22

At least 18 Shiite pilgrims heading to the holy city of Karbala for a religious festival were among 22 people killed on Thursday as a spate of bomb blasts rocked Iraq, security officials said. At least 17 were killed in a double attack by two women suicid
Published 15 Aug, 2008 12:00am
US proposes India nuclear waiver, approval in doubt

US proposes India nuclear waiver, approval in doubt

The United States has proposed to waive a ban on nuclear trade with India without conditions such as compliance with a nuclear test ban or UN inspections, but diplomats said on Thursday the draft was unlikely to pass.
Published 15 Aug, 2008 12:00am
US and Poland sign missile shield deal

US and Poland sign missile shield deal

Poland finally agreed on Thursday to host elements of US global anti-missile system on its territory after Washington improved the terms of the deal amid the Georgia crisis. The preliminary deal was signed by deputy Polish Foreign Minister Andrzej Kremer
Published 15 Aug, 2008 12:00am
28 killed in Kurram, Bajaur

28 killed in Kurram, Bajaur

At least 18 people were killed while 30 others injured in ongoing fierce clashes between tribes in Kurram Agency on Thursday, Aaj TV reported. According to reports, clashes continued in Kurram Agency's areas of Bagzai, Chardiwar, Jilamay, Sadda, Kharklay,
Published 15 Aug, 2008 12:00am
28 killed in Kurram, Bajaur

28 killed in Kurram, Bajaur

At least 18 people were killed while 30 others injured in ongoing fierce clashes between tribes in Kurram Agency on Thursday, Aaj TV reported. According to reports, clashes continued in Kurram Agency's areas of Bagzai, Chardiwar, Jilamay, Sadda, Kharklay,
Published 15 Aug, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (August 14, 2008) and the forecast for Friday (August 15, 2008).
Published 15 Aug, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (August 14, 2008).

Published 15 Aug, 2008 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 15 Aug, 2008 12:00am
Coalition delaying charge-sheet against President

Coalition delaying charge-sheet against President

Ruling coalition is delaying the charge sheet against President Musharraf after President House made contacts with PPP leadership seeking safe passage for Musharraf if he resigns, well placed sources told Business Recorder.
Published 15 Aug, 2008 12:00am
Coalition delaying charge-sheet against President

Coalition delaying charge-sheet against President

Ruling coalition is delaying the charge sheet against President Musharraf after President House made contacts with PPP leadership seeking safe passage for Musharraf if he resigns, well placed sources told Business Recorder.
Published 15 Aug, 2008 12:00am
Ruling coalition to eliminate dictatorship: Prime Minister

Ruling coalition to eliminate dictatorship: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Thursday said that the coalition government was mandated by people to eliminate dictatorship and ensure strong democracy vital for sustainable development and economically vibrant Pakistan.
Published 15 Aug, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 14, 2008).

Published 15 Aug, 2008 12:00am
Ruling coalition to eliminate dictatorship: Prime Minister

Ruling coalition to eliminate dictatorship: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Thursday said that the coalition government was mandated by people to eliminate dictatorship and ensure strong democracy vital for sustainable development and economically vibrant Pakistan.
Published 15 Aug, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 14, 2008).

Published 15 Aug, 2008 12:00am
MoF against downward revision of oil prices

MoF against downward revision of oil prices

The Ministry of Finance is said to be resisting the move for cut in the oil prices on the ground that dip in the international market will be used to reduce subsidy on diesel. The MoF stood firm when a proposal for downward revision in oil prices was disc
Published 15 Aug, 2008 12:00am
MoF against downward revision of oil prices

MoF against downward revision of oil prices

The Ministry of Finance is said to be resisting the move for cut in the oil prices on the ground that dip in the international market will be used to reduce subsidy on diesel. The MoF stood firm when a proposal for downward revision in oil prices was disc
Published 15 Aug, 2008 12:00am
US copper up

US copper up

US copper futures snapped a weeks-long rout to end with near 4 percent gains on Wednesday, propelled higher by consumer buying that led to a huge short--covering rally, traders said. COMEX estimated final volume at a hefty 34,959 lots, with turnover nearl
Published 15 Aug, 2008 12:00am
MoF against downward revision of oil prices

MoF against downward revision of oil prices

The Ministry of Finance is said to be resisting the move for cut in the oil prices on the ground that dip in the international market will be used to reduce subsidy on diesel. The MoF stood firm when a proposal for downward revision in oil prices was disc
Published 15 Aug, 2008 12:00am
Shanghai copper up

Shanghai copper up

Copper prices bounced on Thursday, with Shanghai futures up more than 1 percent and zinc hit its upside limit as commodities extended the previous session's rebound, led by gains in oil. But the rally, based on short-covering and consumer bargain hunting,
Published 15 Aug, 2008 12:00am
New York sugar ends firm

New York sugar ends firm

Raw sugar futures finished higher Wednesday on follow-through fund buying and brokers said the market's rosy fundamentals may keep the market supported in the days ahead. The October sugar contract rose 0.24 cent to end at 13.85 cents per lb, near the top
Published 15 Aug, 2008 12:00am
Soyabean futures rise 70-cent limit

Soyabean futures rise 70-cent limit

US soyabean futures on the Chicago Board of Trade rose the 70-cent trading limit on Wednesday, lifted by the strength in corn and crude oil, traders said. The rally in crude oil, closing $3 per barrel higher and fuelled by larger-than-expected drawdowns i
Published 15 Aug, 2008 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin rose 2.3 percent on Thursday, bouncing from near 6-month lows as strengthening London Metal Exchange prices and rising demand lifted the market, one dealer said.
Published 15 Aug, 2008 12:00am
French analyst raises EU grain forecast

French analyst raises EU grain forecast

Improved prospects for crop yields in western Europe following decent harvests prompted French analyst Strategie Grains to raise its forecasts for the bloc's grain output in 2008 by four million tonnes. Production of all cereals would probably hit 299.7 m
Published 15 Aug, 2008 12:00am
US rice futures soar

US rice futures soar

US rough rice futures on the Chicago Board of Trade rallied the 50-cent trading limit on Wednesday on spillover buying from the strength in other CBOT grains and the rally in crude oil, traders said. September rice settled 50 cents up at $16.52 per hundre
Published 15 Aug, 2008 12:00am
Tokyo rubber rises

Tokyo rubber rises

Tokyo rubber futures advanced more than 1 percent on Thursday as a rebound in oil and firmness in other commodities prices fuelled short-covering, with lingering concerns over tight physical supplies giving additional support. Asian physical rubber prices
Published 15 Aug, 2008 12:00am
Asian palm jumps four percent

Asian palm jumps four percent

Malaysian crude palm oil futures soared as much as 4.2 percent on Thursday, recovering from 10-month lows as gains in crude oil seeped into vegetable oils markets, dealers said. But palm oil prices, which have slipped more than 13 percent this year and ar
Published 15 Aug, 2008 12:00am
US gold up on oil rally

US gold up on oil rally

US gold futures rebounded sharply on Wednesday, closing above $830 an ounce on the back of an oil rally and as buyers emerged in an oversold market following a recent sell-off, traders said. December settled up $16.90, or 2.1 percent, at $831.50 on the CO
Published 15 Aug, 2008 12:00am
Gold rises on oil and bargain buying

Gold rises on oil and bargain buying

Gold advanced on Thursday after a jump in oil prices triggered bargain buying, but it struggled to sustain early gains, which suggested bullion was not out of the woods yet after tumbling to this year's lows on Tuesday. Other precious metals tracked gold'
Published 15 Aug, 2008 12:00am
Oil rises above $116 in Asia

Oil rises above $116 in Asia

Oil rose above $116 a barrel on Thursday, boosting recently beaten-down commodity prices and stoking inflation fears, which hit shares in the financial sector. European equities were expected to open slightly higher, led by strength in mining and energy s
Published 15 Aug, 2008 12:00am
Russian court bans TNK-BP chief executive from work

Russian court bans TNK-BP chief executive from work

A Moscow court has banned oil firm TNK-BP's chief executive, Robert Dudley, from working in Russia for two years, a source at the Moscow labour inspection told Reuters on Thursday. TNK-BP is a joint venture between oil major BP and four Russia-connected b
Published 15 Aug, 2008 12:00am
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