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Mar 19, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-08-26
KDB bond spreads widen

KDB bond spreads widen

The cost of protection against a default in Korea Development Bank's (KDB) debt surged amid speculation it was looking at acquisition opportunities, bucking the trend of tighter spreads elsewhere in the region on Monday. KDB's five-year credit default swa
Published 26 Aug, 2008 12:00am
Pakistan and US close cooperation stressed for combating terrorism

Pakistan and US close cooperation stressed for combating terrorism

Rehman Malik, Advisor to Prime Minister on Interior has stressed the need of close and continued co-operation between Pakistan and the United States of America for effectively combating the scourge of terrorism. He was addressing the inaugural function of
Published 26 Aug, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 25, 2008).

Published 26 Aug, 2008 12:00am
PCPA general body election held

PCPA general body election held

The election for the general body of Pakistan Crop Protection Association (PCPA) was held here in the local hotel on Monday in which the Founders Group remained successful while Friends Group remained on second.
Published 26 Aug, 2008 12:00am
Pakistan wants to host Champions Trophy: Foreign Minister

Pakistan wants to host Champions Trophy: Foreign Minister

Foreign Minister Makhdoom Shah Mehmood Qureshi has said, "We want hosting of next month's ICC champions trophy in Pakistan and we would provide complete security, peace and calm to the participating teams." Earlier we had organised cricket matches in very
Published 26 Aug, 2008 12:00am
Musharraf not above accountability

Musharraf not above accountability

General Pervez Musharraf (rtd) must be held accountable, especially for worsening conditions in Wana, Swat and operation of Lal Masjid during his 9 years rule. General secretary PP-141 and Nazim UC 12 Mohammad Mushtaq Mughal said this while talking to par
Published 26 Aug, 2008 12:00am
PEF demands restoration of PEC status

PEF demands restoration of PEC status

Engineer Imtiaz Hussain Shah, President of Pakistan Engineers Forum (PEF) has demanded restoration of status of Pakistan Engineering Council (PEC) as a statutory/regulatory body, which was constituted in 1975 through parliament. In a memorandum to Prime M
Published 26 Aug, 2008 12:00am
Businessmen show mixed reaction over PML-N decision

Businessmen show mixed reaction over PML-N decision

Reacting to parting ways by the Pakistan Muslim League-N with the ruling coalition led by Pakistan Peoples Party, businessmen have expressed mixed reaction over the decision but said it is not a good sign for the country's economy. They were of the view t
Published 26 Aug, 2008 12:00am
Meeting reviews water availability for cotton crop

Meeting reviews water availability for cotton crop

Punjab Agriculture Minister, Ahmad Ali Aulakh has reiterated to make all resources available for research to control menace of mealy bug which had become a serious threat for cotton crop. He was presiding over a meeting of Cotton Crop Management Group (CC
Published 26 Aug, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (August 25, 2008) and for Tuesday (August 26, 2008).
Published 26 Aug, 2008 12:00am
ICU delegation visits GCU

ICU delegation visits GCU

A seven-member delegation of Islamia College University (ICU), Peshawar led by its Vice Chancellor (VC), Muhammad Ajmal Khan on Monday visited the GC University Lahore. Both the VCs discussed matters of mutual academic interest in the meeting.
Published 26 Aug, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 25, 2008).

Published 26 Aug, 2008 12:00am
Parliament a stumbling block to reinstate judges: Aitzaz

Parliament a stumbling block to reinstate judges: Aitzaz

Parliament is the stumbling block in reinstatement of the deposed judges at this juncture and the legal fraternity is ready to face the challenge, said Aitzaz Ahsan, the president of Supreme Court Bar Association (SCBA) and chairman of National Co-ordinat
Published 26 Aug, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 25, 2008).

Published 26 Aug, 2008 12:00am
PBC criticised for creating rift among lawyers

PBC criticised for creating rift among lawyers

The Lahore High Court Bar Association (LHCBA) has criticised the members Pakistan Bar Council who, they say, are trying to create rift in the lawyers' community, and hoisted black flag on the bar building against failure of reinstatement of the deposed ju
Published 26 Aug, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 25, 2008).

Published 26 Aug, 2008 12:00am
Indian team on Indus Water Treaty arrives

Indian team on Indus Water Treaty arrives

A four-member Indian delegation headed by Orunga Nathon, Indian Commissioner for Indus Water Treaty has reached Pakistan for inspection of Neelum-Jhelum Hydropower project with 969 MW generation capacity being constructed in Muzaffarabad, Azad Kashmir.
Published 26 Aug, 2008 12:00am
Presidential candidate: lawyer gets forms for Dr Qadeer

Presidential candidate: lawyer gets forms for Dr Qadeer

A lawyer on Monday got forms for Dr Abdul Qadeer Khan as presidential candidate while two other lawyers got forms from the Lahore High Court to participate in presidential elections to be held on September 6.
Published 26 Aug, 2008 12:00am
Port lorry strike badly hits imports and exports: Piaf

Port lorry strike badly hits imports and exports: Piaf

The goods transporters' strike that continued for the seventh consecutive day in Karachi on Monday, is telling upon negatively on import and export activities and the importers of Pakistani goods have started contacting the exporters to inquire about the
Published 26 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 26 Aug, 2008 12:00am
Government urged to provide wheat to mills at cheaper rates

Government urged to provide wheat to mills at cheaper rates

Pakistan Flour Mills Association (PFMA), Punjab has urged the government to provide wheat from its stocks to mills on cheaper rates instead of giving subsidy on flour bags. In a statement issued here on Monday, PFMA, Punjab Chairman Habib-ur-Rehman Leghar
Published 26 Aug, 2008 12:00am
The Weather

The Weather

The weather report on Monday (August 25, 2008) and the forecast for Tuesday (August 26, 2008).

Published 26 Aug, 2008 12:00am
'SBP policy to enhance Islamic banking share to 12 percent by 2012'

'SBP policy to enhance Islamic banking share to 12 percent by 2012'

The State Bank of Pakistan has made a five-year policy that would strengthen the regulation of Islamic banking in Pakistan and help increase its market share from present 4.5 percent to 12 percent by 2012; the new plan would be announced by the end of thi
Published 26 Aug, 2008 12:00am
Wah Cantt suicide blasts: investigators fail to find any clue yet

Wah Cantt suicide blasts: investigators fail to find any clue yet

Investigators have failed to get any data on the suicide bombers of the twin suicide blasts on main gates of the Pakistan Ordnance Factory (POF) Wah Cantonment, even after recovery of fingers and other body parts of the suicide bombers.
Published 26 Aug, 2008 12:00am
Special allowance for Sindh police

Special allowance for Sindh police

The Sindh Chief Minister has sanctioned enhancement in the Special Additional Allowance of the Police Constables and Head Constables of Sindh Police Department to bring it at par with that of Punjab Police with immediate effect. The amount increased stand
Published 26 Aug, 2008 12:00am
Anti-corruption staff asked to gear up efforts

Anti-corruption staff asked to gear up efforts

Director Anti-Corruption, Faisalabad Region, Nawazish Ali has said that the government and department's high ups wanted to see a positive change in the image and reputation of the department with regard to its efforts for eradication of corruption and mal
Published 26 Aug, 2008 12:00am
Tax experts reject FBR's claim of successful e-filings

Tax experts reject FBR's claim of successful e-filings

Leading tax experts and consultants have rejected the Federal Board of Revenue claim of successful e-filings of sales tax returns, as the board has not specified the exact number of nil-filers and nul-filers out of 32,296 taxpayers, who have electronicall
Published 26 Aug, 2008 12:00am
PIAC directed no adverse action against petitioners

PIAC directed no adverse action against petitioners

The Lahore High Court admitted a petition for regular hearing a petition filed by Flight Engineer Malik Tariq Ali and others challenging the impugned orders whereby Pakistan International Airlines Company had arbitrarily sent them on forced Mandatory Earl
Published 26 Aug, 2008 12:00am
Last date for online submission of tax extended

Last date for online submission of tax extended

The Federal Board of Revenue (FBR) has extended last date for online submission of sales tax and federal excise return for the tax period July, 2008 up to August 31. According to a sales tax circular 06/2008 issued on Monday, last date for payment of due
Published 26 Aug, 2008 12:00am
Tareen calls on Gilani

Tareen calls on Gilani

Jehangir Khan Tareen, Member National Assembly and former Minister for Industries and Production called on Prime Minster Syed Yousuf Raza Gilani at the PM's House on Monday. He gave a presentation on dairy development, which included the model farm progra
Published 26 Aug, 2008 12:00am
TeleCard embarks on aggressive plan to rollout Wimax service

TeleCard embarks on aggressive plan to rollout Wimax service

Pursuant to a decision of the TeleCard Board to actively participate in the fast growing Wireless Broadband market, the company is pleased to announce that it has chosen Augere as the principal contractor to rapidly design and build the network such as to
Published 26 Aug, 2008 12:00am
Samsung launches INNOV8

Samsung launches INNOV8

Samsung has announced much hyped mobile phone INNOV8 or i8510 in the market. It is the world's first 8 Mega Pixels camera phone along with blink shot, smile shot and face recognition. The handset promises that with the help of innov8 one would be able to
Published 26 Aug, 2008 12:00am
Hoti sees foreign hand behind unrest in NWFP

Hoti sees foreign hand behind unrest in NWFP

The NWFP Chief Minister Ameer Haider Khan Hoti here on Monday said that government would establish its writ at all cost and asked the militants to unconditionally surrender for restoration of peace through dialogues.
Published 26 Aug, 2008 12:00am
NWFP clips powers of district nazims

NWFP clips powers of district nazims

The NWFP Assembly passed two amendment bills to validate all arrests made under West Pakistan Maintenance of Public Order Ordinance, 1960 and hand over the powers of the imposition of Section 144 from district nazim to District Co-ordination Officer (DCO)
Published 26 Aug, 2008 12:00am
Power generation stressed to save industries: ICCI

Power generation stressed to save industries: ICCI

The government should generate maximum power through coal and water to put breaks on the constant increase in cost of electricity production as 16 percent sales tax in bills from July 1 2008 is creating serious problems for the commercial and domestic con
Published 26 Aug, 2008 12:00am
Japanese Ambassador holds farewell meeting with Foreign Minister

Japanese Ambassador holds farewell meeting with Foreign Minister

Seiji Kojima, Ambassador of Japan to Pakistan paid a farewell call on Foreign Minister Shah Mehmood Qureshi, a foreign office statement said here on Monday. The outgoing Japanese Ambassador has stayed in Pakistan for more than two years.
Published 26 Aug, 2008 12:00am
Unregistered SIMs to be blocked by August 31

Unregistered SIMs to be blocked by August 31

Pakistan Telecommunication Authority (PTA) would start checking illegal sale of new mobile connections from first September whereas unregistered SIMs not verified will be blocked. This was decided in a meeting presided over by the PTA Chairman Dr Muhammad
Published 26 Aug, 2008 12:00am
IoK former puppet chief minister backs Kashmiri agitation

IoK former puppet chief minister backs Kashmiri agitation

In occupied Kashmir, the former Chief Minister, Ghulam Mohammad Shah has announced that his party (Awami National Conference) will join the agitation against economic boycott of the occupied Kashmir valley and will participate in all the programmes, Kashm
Published 26 Aug, 2008 12:00am
Let democracy work

Let democracy work

Political ambition and fear of the unknown have taken their toll, tearing asunder the ruling coalition at the Centre. Given the history of relationship between the main coalition partners, PPP and Nawaz Sharif's PML, the success of their joint struggle to
Published 26 Aug, 2008 12:00am
Cutting costs

Cutting costs

Finance Minister Syed Naveed Qamar told journalists in Islamabad on Friday that the government has decided to slash spending on the Public Sector Development Programme (PSDP) by as much as Rs 100 billion as part of its plan to bring down the fiscal defici
Published 26 Aug, 2008 12:00am
Hydropower potential of Punjab canals remains untapped

Hydropower potential of Punjab canals remains untapped

As the nation is facing serious power crisis, the government has focused all its resources to exploring possibilities to create additional capacity and capability for generating electricity optimally, on an urgent basis. Punjab irrigation system can be ef
Published 26 Aug, 2008 12:00am
Israelis living under a cloud on Golan Heights

Israelis living under a cloud on Golan Heights

Saddles off, the horses stand quietly on a hill on the Israeli-occupied Golan Heights, the sun gleaming on the blue waters of the Sea of Galilee below. The trekkers back from riding in the tranquil countryside around Ramot ranch might well forget that thi
Published 26 Aug, 2008 12:00am
After five years of war, Iraqis desperate for water

After five years of war, Iraqis desperate for water

At a communal water station in a Baghdad slum, a young boy's skinny arms fly up and down as he uses a bicycle pump to coax water from the dry ground. His efforts produce a languid stream that will tide over his family -- and the families of the children w
Published 26 Aug, 2008 12:00am
Social change

Social change

Society is changing by the passages of time. These social changes have given a set of cultural values and ideas that arise from common exposure of population to the same cultural activities, like music. When I was watching television with my younger broth
Published 26 Aug, 2008 12:00am
Culture of chae pani

Culture of chae pani

After 61 years of independence, the new generation is still living in oppression of corrupt system. Now when we read our history or watch some documentaries about India before partition, there was British Empire who was the collectors of tax (lagaan) from
Published 26 Aug, 2008 12:00am
CR&DI celebrates silver jubilee

CR&DI celebrates silver jubilee

Cement Research and Development Institute (CR&DI), country's premier cement and allied materials testing facility, has completed 25 years, serving the cement and construction industry. According to a statement here on Monday. the institute, first set up i
Published 26 Aug, 2008 12:00am
Parking fees doubled for all vehicles in Multan

Parking fees doubled for all vehicles in Multan

Almost all the parking stands across the city have doubled the parking fees for all kind of vehicles, claiming the City District Government Multan (CDGM) and Cantonment Board Multan given approval to the raise.
Published 26 Aug, 2008 12:00am
Awareness drive for women rights soon

Awareness drive for women rights soon

Sindh Women Development Department is soon initiating a campaign aimed at creating awareness among the females regarding their rights. Sindh Minister for Women Development Tauqeer Fatima Bhutto stated this while talking to women MPAs from the Pakistan Peo
Published 26 Aug, 2008 12:00am
Doctors seek early issuance of interview letters

Doctors seek early issuance of interview letters

Doctors, who had applied against different vacant posts in government facilities and qualified written test held under National Testing Services (NTS), here on Monday demanded that interview letters be issued to them as soon as possible.
Published 26 Aug, 2008 12:00am
Pakistanis hold Independence Day parade in New York

Pakistanis hold Independence Day parade in New York

A large number of Pakistani-Americans living in and around New York took part in a colourful parade on a bright Sunday afternoon to mark the 61st anniversary of Pakistan. The men, women and children - mostly clad in national dresses - participated in this
Published 26 Aug, 2008 12:00am
Hand-knotted carpet exposition from August 28

Hand-knotted carpet exposition from August 28

Pakistan Carpet Manufacturers and Exporters Association (PCMEA) in collaboration with Trade Development Authority of Pakistan (TDAP) is holding a Hand-Knotted Carpet Exhibition at a local hotel from August 28 to 31.
Published 26 Aug, 2008 12:00am
AJK calls for global efforts to eliminate poverty

AJK calls for global efforts to eliminate poverty

The Director General, Civil Defence, Colonel Raja Muhammad Iftikhar Hussain (Retd) met the President, Azad Jammu and Kashmir (AJK), Raja Mohammad Zulqarnain Khan at Awan-e Saddar on Monday. Colonel Raja discussed various issues and briefed the AJK Preside
Published 26 Aug, 2008 12:00am
EU's decision to scrap anti-dumping duty hailed

EU's decision to scrap anti-dumping duty hailed

The President, Multan Chamber of Commerce and Industry (MCCI), Khawaja Muhammad Jalaluddin Roomi has welcomed the European Union's decision to withdraw the five-year anti-dumping duty imposed on Pakistani manufactured goods next year.
Published 26 Aug, 2008 12:00am
'Malignant breast cancer common among women'

'Malignant breast cancer common among women'

Breast cancer is the most frequent malignancy among women in Pakistan and constitutes 25 percent of all cancers registered among them. Talking to this newsmen here on Monday, Consultant and Assistant Professor of Gynecologist of Liaquat University of Medi
Published 26 Aug, 2008 12:00am
CPEE to observe death anniversary of Shakeel Pathan

CPEE to observe death anniversary of Shakeel Pathan

Centre for People's Empowerment and Equality (CPEE) will observe the 10th death anniversary of the renowned human rights activist Shakeel Pathan on August 31 at Press Club in Hyderabad. A CPEE spokesperson here on Monday said that a seminar on 'Bonded lab
Published 26 Aug, 2008 12:00am
ACCA organises fifth annual quiz

ACCA organises fifth annual quiz

ACCA Pakistan organised its fifth annual quiz for the CAT and ACCA students across the country. The regional contest was held in Lahore, Karachi and Islamabad on Saturday in which 21 teams from different ACCA tuition providers participated.
Published 26 Aug, 2008 12:00am
Marketing forum on August 30

Marketing forum on August 30

To discuss the phenomenal rise of digital marketing, a full-day conference has been arranged on Saturday, August 30 at Karachi Sheraton Hotel. Chris Schaumann, (Global Advertising & Digital Lead, Asia Pacific Microsoft); Dr Irfan Ahmad, (Director Middle E
Published 26 Aug, 2008 12:00am
KESC facing financial crisis, fails to overcome load shedding

KESC facing financial crisis, fails to overcome load shedding

In a complete hierarchical disorder Karachi Electric Supply Corporation (KESC) is unable to overcome electricity load shedding, which has hit the city badly particularly for the last five days because of its declining financial status, sources said on Mon
Published 26 Aug, 2008 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

US gold futures fell in quiet trade on Monday as a dollar rise and weak crude oil prices prompted profit taking amid a London market holiday. December gold was down $7.60 at $825.90 an ounce on Comex. Range traded was $821.10 to $831.90. Bullion weakened
Published 26 Aug, 2008 12:00am
US MIDDAY: copper gains

US MIDDAY: copper gains

US copper futures rose early Monday as investors took advantage of a holiday in London to push prices higher in mostly technical business, traders said. Copper for September delivery was trading up 1.35 cents at $3.4860 a lb by 10:41 am EDT (1441 GMT) on
Published 26 Aug, 2008 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

September soyabeans was up 16 cents at $13.37 per bushel, new-crop November was up 18 at $13.45. Concerns that dry weather in US Midwest may trim production from the late-developing soyabean crop. Traders expect USDA to report US soya conditions down 2-3
Published 26 Aug, 2008 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

September wheat was down 17-1/2 cents at $8.48 per bushel, December WAS down 17 at $8.73-1/2. Remains pressured by rising global wheat supplies. Russia may harvest 95 million tonnes of grain in 2008, with wheat output at 54 million to 57 million tonnes, u
Published 26 Aug, 2008 12:00am
US MIDDAY: corn weakens

US MIDDAY: corn weakens

September corn was down 2 cents at $5.84-1/2 per bushel, new-crop December was up 1-1/4 at $6.05-1/4. Turned mixed by midday. Sell-off in wheat weighs but market underpinned by fears that dry US Midwest weather may trim production. US Midwest crop belt wi
Published 26 Aug, 2008 12:00am
US MIDDAY: sugar eases

US MIDDAY: sugar eases

Raw sugar futures on ICE Futures US at 1302 GMT on Monday. October dropped 0.14 cent, or 1 percent, to 14.00 cents per lb. Volume a quiet 5,663 lots. Trading from 13.95 to 14.13 cents.
Published 26 Aug, 2008 12:00am
US MIDDAY: cocoa up, coffee down

US MIDDAY: cocoa up, coffee down

Arabica coffee contracts on ICE Futures US fell with other commodity markets that were hit by a rising dollar, but cocoa prices remained firm on Monday as supply concerns inspired some players to jump in after Friday's lower close, traders said.Arabica co
Published 26 Aug, 2008 12:00am
Oil extends slide on demand concerns

Oil extends slide on demand concerns

Oil prices slipped on Monday as demand worries due to surging fuel costs outweighed supply concerns caused by a tropical depression in the Caribbean. US crude fell 34 cents to $114.25 a barrel by 1:22 pm EDT (1722 GMT) after falling more than 5.4 percent
Published 26 Aug, 2008 12:00am
Brazilian copper demand seen rising

Brazilian copper demand seen rising

Demand for copper and finished copper products in Brazil could grow at a faster pace in the next few years as the country's economic boom spurs more building and new car sales, a senior industry official said on Monday. "In the last few years we have been
Published 26 Aug, 2008 12:00am
Nikkei rises 1.7 percent

Nikkei rises 1.7 percent

Japan's Nikkei average climbed 1.7 percent on Monday, its biggest one-day percentage gain in two weeks, with Honda Motor Co leading the market after a sharp fall in oil prices eased economic worries.
Published 26 Aug, 2008 12:00am
Monday's afternoon trade: financials, credit fears push US shares lower

Monday's afternoon trade: financials, credit fears push US shares lower

US stocks fell sharply on Monday as credit concerns hounded financial stocks and global growth worries hurt big technology and industrial companies. The three major indexes fell nearly 2 percent, wiping out gains booked on Friday, though traders said thin
Published 26 Aug, 2008 12:00am
KDB bond spreads widen

KDB bond spreads widen

The cost of protection against a default in Korea Development Bank's (KDB) debt surged amid speculation it was looking at acquisition opportunities, bucking the trend of tighter spreads elsewhere in the region on Monday. KDB's five-year credit default swa
Published 26 Aug, 2008 12:00am
China bond yields fall

China bond yields fall

Chinese bond yields continued falling on Monday because of improving money market liquidity and expectations for lower August inflation, but traders said most interest rate swaps were likely to bottom soon. "Longer-term bond yields may fall about 10 basis
Published 26 Aug, 2008 12:00am
Talks offered to save Nano car plant

Talks offered to save Nano car plant

The head of India's West Bengal state invited opposition leaders on Monday for talks in a fresh bid to end protests against a plant building the world's cheapest car. West Bengal Chief Minister Buddhadeb Bhattacharjee issued the invitation in a letter to
Published 26 Aug, 2008 12:00am
Russia to break with WTO accords

Russia to break with WTO accords

Russia decided on Monday to break off some trade agreements reached during negotiations to join the World Trade Organisation, as relations between Moscow and the West grew increasingly tense. The move to withdraw from some of the accords reached over year
Published 26 Aug, 2008 12:00am
BHP to face South Africa competition body

BHP to face South Africa competition body

BHP Billiton, involved in a $128 billion plan to buy rival Rio Tinto, was asked by South Africa's Competition Commission on Monday to provide information to evaluate its bid. BHP, the world's biggest miner, has in turn appealed to the Commission's sister
Published 26 Aug, 2008 12:00am
US existing home sales rise

US existing home sales rise

The pace of existing home sales in the United States rose in July to a 5 million-unit annual rate, the National Association of Realtors said in a report on Monday that showed prices dipped and the inventory of homes hit a record high.
Published 26 Aug, 2008 12:00am
BoE's Bean warns global slowdown will 'drag on'

BoE's Bean warns global slowdown will 'drag on'

Bank of England Deputy Governor Charles Bean warned on Monday that the global economic slowdown is likely to "drag on for some considerable time". The market upheavals which started a year ago have spread to the wider economy, threatening to throw the ind
Published 26 Aug, 2008 12:00am
BNP Paribas buys into Saudi asset management firm

BNP Paribas buys into Saudi asset management firm

France's BNP Paribas has bought a 25 percent stake in the investment arm of Saudi Investment Bank, officials said on Monday, as interest in the booming Gulf Arab economies grows. News of the stake comes less than a week after Saudi Arabia, the largest Gul
Published 26 Aug, 2008 12:00am
Japan's economy package may be $18-27 billion: LDP

Japan's economy package may be $18-27 billion: LDP

Japan's planned economic package to help ease the pain from higher oil and food prices could be worth 2-3 trillion yen ($18-27 billion), the ruling Liberal Democratic Party's (LDP) policy chief said on Monday.
Published 26 Aug, 2008 12:00am
Israel cabinet approves contested 2009 budget draft

Israel cabinet approves contested 2009 budget draft

Israel's cabinet approved the 2009 state budget draft on Monday, but doubts remain that political infighting and possible early elections could torpedo the bill in parliament.
Published 26 Aug, 2008 12:00am
Opec to try to curb oil price fall in September: Iran

Opec to try to curb oil price fall in September: Iran

Iran's oil minister said on Monday he expected Opec to work on preventing the falling trend in crude prices and also to study oversupply in the market when it meets in September, oil ministry news website SHANA said.
Published 26 Aug, 2008 12:00am
China bond yields fall

China bond yields fall

Chinese bond yields continued falling on Monday because of improving money market liquidity and expectations for lower August inflation, but traders said most interest rate swaps were likely to bottom soon. "Longer-term bond yields may fall about 10 basis
Published 26 Aug, 2008 12:00am
Australian shares soar

Australian shares soar

Australian shares closed up 1.7 percent on Monday, as solid gains from financial stocks buoyed by a positive lead from Wall Street pushed the market higher, dealers said. The benchmark S&P/ASX 200 index rose 83.5 points to 5,014.9 while the broader All Or
Published 26 Aug, 2008 12:00am
JGB futures hit four-month high

JGB futures hit four-month high

Japanese government bond futures hit a four-month high on Monday as some market players rushed to cover short positions, with moves exaggerated by thin trading volume. JGBs slipped in early trade as a fall in US Treasuries late last week and a stock marke
Published 26 Aug, 2008 12:00am
JGB futures hit four-month high

JGB futures hit four-month high

Japanese government bond futures hit a four-month high on Monday as some market players rushed to cover short positions, with moves exaggerated by thin trading volume. JGBs slipped in early trade as a fall in US Treasuries late last week and a stock marke
Published 26 Aug, 2008 12:00am
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