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Print - 2009-03-31
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot basis bids for hard red winter wheat in the US Plains held steady Monday as the market remained quiet amid low prices. Sluggish mill demand caused rail car cancellations and farmer selling was thin. Weekend storms brought much-needed snow and rain to
Published 31 Mar, 2009 12:00am
Strauss helps England win 4th ODI

Strauss helps England win 4th ODI

Andrew Strauss gathered 79 from 61 balls to lead England to a nine-wicket victory under the Duckworth-Lewis Method over West Indies in the rain-affected fourth One-day International at Kensington Oval on Sunday. Fortune and the D/L Method again smiled on
Published 31 Mar, 2009 12:00am
CIF Gulf soya lower, corn steady

CIF Gulf soya lower, corn steady

Basis values for soyabeans shipped by barge to the US Gulf were steady to lower on Monday amid continued poor demand, traders said. Corn and wheat basis values were mostly steady. Soyabean basis values were weak as demand shifts to South America, and on a
Published 31 Mar, 2009 12:00am
South Africa clinch Twenty20 series

South Africa clinch Twenty20 series

New cap Roelof van der Merwe and captain Johan Botha took South Africa to a series-clinching 17-run win in the second Twenty20 international against Australia at Centurion Park Sunday. Van der Merwe hit 48 off 30 balls as South Africa struggled to 156 for
Published 31 Mar, 2009 12:00am
Germanys Rutemoeller becomes Iranian team coach

Germanys Rutemoeller becomes Iranian team coach

German coach Erich Rutemoeller has been appointed interim coach of the Iranian team after head coach Ali Daei was sacked at the weekend. Rutemoeller, 64, who spent 10 years as assistant coach of the Germany team, joined the Iran side in January as advisor
Published 31 Mar, 2009 12:00am
Inland Soccer Series: Pakistan Probables to take on SSGC today

Inland Soccer Series: Pakistan Probables to take on SSGC today

Pakistan Probables will take on Sui Southern Gas Company (SSGC) on Tuesday in their eighth and final match of eight-match Inland Series in the build up for the AFC Challenge Cup Qualifiers at Sugathadasa Stadium in Sri Lankan capital of Colombo. Pakistans
Published 31 Mar, 2009 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 days closes in brackets).

Published 31 Mar, 2009 12:00am
Miandad asked to continue as PCB Director General

Miandad asked to continue as PCB Director General

Former coach and skipper Javed Miandad, who resigned from the office of Director General of Pakistan Cricket Board (PCB) about a two month ago, has been asked to perform as the Director General of the board in the interest of game. Miandad had resigned fr
Published 31 Mar, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (March 30, 2009).

Published 31 Mar, 2009 12:00am
Gambhirs marathon stand secures draw

Gambhirs marathon stand secures draw

A heroic stand of 137 in nearly 11 hours at the crease by Gautam Gambhir ensured the second Test between India and New Zealand ended in a draw on Monday. When Gambhirs match-saving, marathon performance came to an end he had batted through three days play
Published 31 Mar, 2009 12:00am
The Weather

The Weather

The weather report on Monday (March 30, 2009) and the forecast for Tuesday (March 31, 2009).

Published 31 Mar, 2009 12:00am
PFF condoles death of gold medallist coach Aslam

PFF condoles death of gold medallist coach Aslam

Pakistan Football Federation (PFF)s President Makhdoom Syed Faisal Saleh Hayat, Secretary General Lieutenant Colonel Ahmed Yar Khan Lodhi (Retd.), Director Marketing Sardar Naveed Haider, Director Operation Wng. Cmdr. Pervaiz Saeed Mir (Retd.), Director F
Published 31 Mar, 2009 12:00am
Ecnec okays 27 projects worth about Rs 86 billion

Ecnec okays 27 projects worth about Rs 86 billion

Executive Committee of National Economic Council (Ecnec) which met with Prime Ministers Advisor on Finance, Shaukat Tarin, in the chair on Monday approved 27 projects worth about Rs 86 billion including those projects which were recommended by the Prime M
Published 31 Mar, 2009 12:00am
Federer, Serena, Venus advance while Stosur stuns Safina

Federer, Serena, Venus advance while Stosur stuns Safina

Serena and Venus Williams and mens world number two Roger Federer cruised into the fourth round of the WTA and ATP hardcourt tournament here on Sunday but second seed Dinara Safina crashed out. Reigning Australian Open champion Serena Williams defeated Ch
Published 31 Mar, 2009 12:00am
Ecnec okays 27 projects worth about Rs 86 billion

Ecnec okays 27 projects worth about Rs 86 billion

Executive Committee of National Economic Council (Ecnec) which met with Prime Ministers Advisor on Finance, Shaukat Tarin, in the chair on Monday approved 27 projects worth about Rs 86 billion including those projects which were recommended by the Prime M
Published 31 Mar, 2009 12:00am
Egypt releases pro-Palestinian blogger

Egypt releases pro-Palestinian blogger

Egyptian police have released a pro-Palestinian student and blogger who had been arrested outside his home early last month, a human rights group said on Saturday. Diaeddin Gad was released Friday morning after spending almost seven weeks in jail, said Ga
Published 31 Mar, 2009 12:00am
Ecnec okays 27 projects worth about Rs 86 billion

Ecnec okays 27 projects worth about Rs 86 billion

Executive Committee of National Economic Council (Ecnec) which met with Prime Ministers Advisor on Finance, Shaukat Tarin, in the chair on Monday approved 27 projects worth about Rs 86 billion including those projects which were recommended by the Prime M
Published 31 Mar, 2009 12:00am
Mahathir will rejoin Malaysian ruling party

Mahathir will rejoin Malaysian ruling party

Malaysias former premier Mahathir Mohamad said Saturday he will rejoin the ruling party UMNO which he quit last year after falling out with his successor Abdullah Ahmad Badawi. Mahathir, who spent more than two decades in power, hand-picked Abdullah to re
Published 31 Mar, 2009 12:00am
Wall Street tumbles on autos, bank woes

Wall Street tumbles on autos, bank woes

US stocks tumbled on Monday as two major US automakers took a step closer to potential bankruptcy, and a spate of European bank rescues heightened concerns over the financial systems health, putting the brakes on a recent run-up. In the latest efforts in
Published 31 Mar, 2009 12:00am
Clashes erupt between Iraq forces and Sunni guards

Clashes erupt between Iraq forces and Sunni guards

Clashes erupted on Saturday between Iraqi troops and a US-backed Sunni neighbourhood patrol after the soldiers arrested the units leader in Baghdad, an Iraqi security spokesman said. Baghdad security spokesman Qassim al-Moussawi said the firefight with th
Published 31 Mar, 2009 12:00am
Afghanistan conference to show world has not forgotten

Afghanistan conference to show world has not forgotten

An international conference on Afghanistan to be held this week is a sign the world is still interested in the country, Richard Holbrooke, special US envoy in Afghanistan and Pakistan, said Monday. The meeting in The Hague Tuesday is a "signal that the wo
Published 31 Mar, 2009 12:00am
US goes after Mexican cartel guns, cash on border

US goes after Mexican cartel guns, cash on border

Ending years of lax controls, the United States is stepping up checks of vehicles heading into Mexico to stop weapons and cash fuelling a drug war south of the border. But local US officials on the border are clamoring for even more help.
Published 31 Mar, 2009 12:00am
Wall Street tumbles on autos, bank woes

Wall Street tumbles on autos, bank woes

US stocks tumbled on Monday as two major US automakers took a step closer to potential bankruptcy, and a spate of European bank rescues heightened concerns over the financial systems health, putting the brakes on a recent run-up. In the latest efforts in
Published 31 Mar, 2009 12:00am
Sharks pose Sydney food-chain puzzle

Sharks pose Sydney food-chain puzzle

As the first light of dawn filters over hills lined with multimillion-dollar mansions and classy seafood restaurants, the surface of the bay shatters into dancing shards of silver. Flyfishing guide Justin Duggan cuts the motor and lets the small boat drif
Published 31 Mar, 2009 12:00am
Wall Street tumbles on autos, bank woes

Wall Street tumbles on autos, bank woes

US stocks tumbled on Monday as two major US automakers took a step closer to potential bankruptcy, and a spate of European bank rescues heightened concerns over the financial systems health, putting the brakes on a recent run-up. In the latest efforts in
Published 31 Mar, 2009 12:00am
Death haunts Hanjin shipyard in Philippines

Death haunts Hanjin shipyard in Philippines

Patrick Molina had been working for just four months at the mammoth South Korean-owned Hanjin shipyard, north-west of Manila, when disaster struck. The 20-year-old was sitting on a bench beside steel plates stacked on a wooden platform when it gave way an
Published 31 Mar, 2009 12:00am
Japanese man certified as double A-bomb victim

Japanese man certified as double A-bomb victim

A 93-year-old Japanese man has become the first person certified as a survivor of both US atomic bombings at the end of World War II, officials said Tuesday. Tsutomu Yamaguchi had already been a certified ``hibakusha, or radiation survivor, of the August
Published 31 Mar, 2009 12:00am
NGOs warn against ban on religion defamation plan

NGOs warn against ban on religion defamation plan

More than 180 non-governmental organisations (NGOs) called Wednesday on the United Nations human rights body to reject moves to combat "religious defamation", arguing it threatened free speech. The 183 signatories said they were deeply concerned by a draf
Published 31 Mar, 2009 12:00am
Zardari lifts governors rule from Punjab

Zardari lifts governors rule from Punjab

President Asif Ali Zardari on Monday lifted the governors rule in Punjab and the Cabinet Division has issued revocation of proclamation of February 25 for governors rule. "Whereas the President is satisfied that the grounds on which he issued the proclama
Published 31 Mar, 2009 12:00am
Most Afghan Taliban want peace: former commander

Most Afghan Taliban want peace: former commander

Most Afghan Taliban are willing to lay down their arms, a former insurgent commander said, but are afraid they will be killed for defecting because the government cannot ensure their safety. The United States on Friday launched a new strategy in Afghanist
Published 31 Mar, 2009 12:00am
Zardari for comprehensive regional strategy to tackle terrorism

Zardari for comprehensive regional strategy to tackle terrorism

President Asif Ali Zardari on Monday called for developing a comprehensive regional strategy and approach to tackle the menace of terrorism, as also endorsed by United States. "It is time that we all recognise that terrorism has roots across the region. A
Published 31 Mar, 2009 12:00am
Food recall powers need review: USDA

Food recall powers need review: USDA

US Agriculture Secretary Tom Vilsack said on Friday he wants the White Houses new food safety panel to consider giving his department stronger food recall powers to help minimise future disease outbreaks. Vilsack said the panel needs to discuss whether th
Published 31 Mar, 2009 12:00am
Zardari lifts governors rule from Punjab

Zardari lifts governors rule from Punjab

President Asif Ali Zardari on Monday lifted the governors rule in Punjab and the Cabinet Division has issued revocation of proclamation of February 25 for governors rule. "Whereas the President is satisfied that the grounds on which he issued the proclama
Published 31 Mar, 2009 12:00am
Indian central bank may monetise debt to counter yield spike

Indian central bank may monetise debt to counter yield spike

Indias central bank may soon start monetising the countrys bulging fiscal deficit, a move that could help contain a sharp bond market sell-off but would stir doubts about the central banks shaky independence. After taking an array of steps to relieve a go
Published 31 Mar, 2009 12:00am
Gilani condemns Lahore aggression

Gilani condemns Lahore aggression

Prime Minister Syed Yousuf Raza Gilani has strongly condemned the attack at a police training centre in Lahore, and ordered the authorities to take immediate steps to control the situation. The Prime Minister telephoned Advisor on Interior Rehman Malik an
Published 31 Mar, 2009 12:00am
Chavez tells officials to tighten belts in austerity drive

Chavez tells officials to tighten belts in austerity drive

Venezuelan president Hugo Chavez announced a clamp down on government spending on Wednesday to offset tumbling oil revenues. "Not a solitary Bolivar will be spent in superficial costs or because of corruption or incompetence," Chavez vowed, calling for cu
Published 31 Mar, 2009 12:00am
Its an attack on Pakistan: Malik

Its an attack on Pakistan: Malik

Interior Minister Rehman Malik has said it is an attack on Pakistan and the nation will have either to fight it out or hand over the country to the Taliban. "The nation must show unity," he told reporters after visiting the Manawan Police Academy on Monda
Published 31 Mar, 2009 12:00am
Indian central bank may monetise debt to counter yield spike

Indian central bank may monetise debt to counter yield spike

Indias central bank may soon start monetising the countrys bulging fiscal deficit, a move that could help contain a sharp bond market sell-off but would stir doubts about the central banks shaky independence. After taking an array of steps to relieve a go
Published 31 Mar, 2009 12:00am
Its an attack on Pakistan: Malik

Its an attack on Pakistan: Malik

Interior Minister Rehman Malik has said it is an attack on Pakistan and the nation will have either to fight it out or hand over the country to the Taliban. "The nation must show unity," he told reporters after visiting the Manawan Police Academy on Monda
Published 31 Mar, 2009 12:00am
Bahamas sees further decline in tourism

Bahamas sees further decline in tourism

The US recession is going to mean another year of declining tourism receipts and a stagnant economy for Bahamas, Minister of State for Finance, Zhivargo Laing, said on Friday. Laing, speaking to reporters on the sidelines of the Inter-American Development
Published 31 Mar, 2009 12:00am
Punjab Assembly session on April 1

Punjab Assembly session on April 1

Following the lifting of governors rule in Punjab, Governor Salmaan Taseer has convened the session of the provincial assembly on Wednesday (April 1) at 4pm. President Asif Ali Zardari had signed the advice moved by Prime Minister Syed Yousuf Raza Gilani
Published 31 Mar, 2009 12:00am
US Navy should pick one coastal warship maker: analyst

US Navy should pick one coastal warship maker: analyst

Given tightening defence budgets, the US Navy should settle on one of the two different designs for the Littoral Combat Ship being built by Lockheed Martin Corp and General Dynamics Corp, a leading defence analyst said on Wednesday.
Published 31 Mar, 2009 12:00am
India is shocked, says Chidambaram

India is shocked, says Chidambaram

India on Monday while condemning the terror attack in Lahore said it is saddened and shocked by this gory act. We dont have full information. We are deeply concerned. We condemn the terrorist attack, Home Minister P Chidambaram told reporters. We condemn
Published 31 Mar, 2009 12:00am
Ecuador threatens to exit Andean bloc in trade row

Ecuador threatens to exit Andean bloc in trade row

Ecuador could leave the four-nation Andean bloc if the group rejects its move to limit imports in response to the global economic crisis, the government said. Ecuador raised tariffs on hundreds of imported products in January, sparking heated complaints b
Published 31 Mar, 2009 12:00am
India is shocked, says Chidambaram

India is shocked, says Chidambaram

India on Monday while condemning the terror attack in Lahore said it is saddened and shocked by this gory act. We dont have full information. We are deeply concerned. We condemn the terrorist attack, Home Minister P Chidambaram told reporters. We condemn
Published 31 Mar, 2009 12:00am
US online gambling crackdown a breach of WTO: EU

US online gambling crackdown a breach of WTO: EU

A US Justice Department crackdown on European online gambling companies violates US commitments under the World Trade Organisation, the European Commission said on Thursday in a draft report. But the European Union executive, which oversees trade policy f
Published 31 Mar, 2009 12:00am
Miliband condemns Lahore act of terrorism

Miliband condemns Lahore act of terrorism

The British Foreign Secretary, David Miliband, while condemning the terror attack in Lahore said the incident is yet another reminder of the threat Pakistan faces from violent extremism. In a statement issued by the Foreign and Commonwealth office, he urg
Published 31 Mar, 2009 12:00am
Government party urges Irish Nation-wide chief executive to resign

Government party urges Irish Nation-wide chief executive to resign

The Irish governments junior coalition partner called on Saturday for the chief executive of Irish Nation-wide Building Society to resign despite his decision to return a 1 million euro ($1.34 million) bonus. Michael Fingletons pay package has caused cont
Published 31 Mar, 2009 12:00am
Miliband condemns Lahore act of terrorism

Miliband condemns Lahore act of terrorism

The British Foreign Secretary, David Miliband, while condemning the terror attack in Lahore said the incident is yet another reminder of the threat Pakistan faces from violent extremism. In a statement issued by the Foreign and Commonwealth office, he urg
Published 31 Mar, 2009 12:00am
Softbank fund partner to quit full-time role

Softbank fund partner to quit full-time role

A long-time partner of Softbank China & India Holdings, a venture capital fund backed by Japans Softbank Corp, said on Wednesday he will quit his full time role and return to a firm he founded. Jay Chen will end his at the end of March, he said, confirmin
Published 31 Mar, 2009 12:00am
Punjab Assembly session on April 1

Punjab Assembly session on April 1

Following the lifting of governors rule in Punjab, Governor Salmaan Taseer has convened the session of the provincial assembly on Wednesday (April 1) at 4pm. President Asif Ali Zardari had signed the advice moved by Prime Minister Syed Yousuf Raza Gilani
Published 31 Mar, 2009 12:00am
Oil to average nearly $50 in 2009

Oil to average nearly $50 in 2009

US crude oil should average nearly $50 a barrel in 2009, as Opec production cuts establish a floor under prices, but economic weakness will limit gains, a Reuters poll showed on Wednesday. The consensus forecast in the poll of more than 30 analysts fell t
Published 31 Mar, 2009 12:00am
MWB sees rising demand for flexible office space

MWB sees rising demand for flexible office space

MWB Business Exchange, the UKs second biggest provider of office space, is benefiting from recession-hit companies saving money by using its services as an alternative to fixed premises, its CEO told Reuters. MWB, which provides office space in the West E
Published 31 Mar, 2009 12:00am
Hedge talent for hire but few can recruit

Hedge talent for hire but few can recruit

Hedge funds are finding a wealth of talented managers for hire, shed by banks and other financial firms in the downturn, but few are in a position to take advantage. The industry is now able to select from a wider pool of talent without paying the sky-hig
Published 31 Mar, 2009 12:00am
Hedge talent for hire but few can recruit

Hedge talent for hire but few can recruit

Hedge funds are finding a wealth of talented managers for hire, shed by banks and other financial firms in the downturn, but few are in a position to take advantage. The industry is now able to select from a wider pool of talent without paying the sky-hig
Published 31 Mar, 2009 12:00am
Commission to probe soaring trend in POL prices

Commission to probe soaring trend in POL prices

The Supreme Court on Monday ordered setting up of a Commission for enquiry into soaring trend in prices of petroleum products from 2001 till date. Chief Justice Iftikhar Muhammad Chaudhry observed that the government should not merely overburden the poor;
Published 31 Mar, 2009 12:00am
Charity event helps UKs Sainsbury defy downturn

Charity event helps UKs Sainsbury defy downturn

J Sainsbury Plc posted its best quarterly sales growth for 2-1/2 years, defying the economic downturn thanks to strong own-brand sales, innovative promotions and a boost from its support of a major charity event. Britains No 3 grocer, which sold 6.8 milli
Published 31 Mar, 2009 12:00am
Commission to probe soaring trend in POL prices

Commission to probe soaring trend in POL prices

The Supreme Court on Monday ordered setting up of a Commission for enquiry into soaring trend in prices of petroleum products from 2001 till date. Chief Justice Iftikhar Muhammad Chaudhry observed that the government should not merely overburden the poor;
Published 31 Mar, 2009 12:00am
Wary investors lured by hints of metals recovery

Wary investors lured by hints of metals recovery

Mining shares and most metals prices jogged higher on Thursday on tentative recovery signs from the United States and China, but output shutdowns in aluminium and weak copper demand in Japan suggested a full rebound may be distant. Mining shares were some
Published 31 Mar, 2009 12:00am
Commission to probe soaring trend in POL prices

Commission to probe soaring trend in POL prices

The Supreme Court on Monday ordered setting up of a Commission for enquiry into soaring trend in prices of petroleum products from 2001 till date. Chief Justice Iftikhar Muhammad Chaudhry observed that the government should not merely overburden the poor;
Published 31 Mar, 2009 12:00am
Credit Suisse sees solid start to 2009

Credit Suisse sees solid start to 2009

Swiss banking giant Credit Suisse, hit by a record loss last year due to the global financial crisis, said Tuesday it had made a solid start to 2009 and was well placed to face the challenges ahead. Switzerlands second largest bank said in its annual repo
Published 31 Mar, 2009 12:00am
ITP of steel products: customs reject importers plea

ITP of steel products: customs reject importers plea

Pakistan Customs, turning down importers plea, has clearly refused to cut the import trade price (ITP) of secondary flat rolled steel products, customs sources told Business Recorder on Monday. In a detailed order on the importers plea for reductio
Published 31 Mar, 2009 12:00am
IMF may prefer longer stand-by deals: Turkey

IMF may prefer longer stand-by deals: Turkey

The International Monetary Fund may prefer longer-term standby deals with countries such as Turkey, Economy Minister Mehmet Simsek said late on Wednesday. The protracted deal talks between the IMF and Ankara were suspended in January, and Simsek said in a
Published 31 Mar, 2009 12:00am
Minfa asks Sindh not to impose ban on wheat movement

Minfa asks Sindh not to impose ban on wheat movement

The Ministry of Food and Agriculture (Minfa) has written a letter to the Sindh government to desist from imposing inter-provincial and inter-district ban on the movement of wheat.
Published 31 Mar, 2009 12:00am
Nickel price too low for new Australian mine

Nickel price too low for new Australian mine

Nickel prices will need to double before Metallica Minerals resumes work on a mine in Australia suspended because of a bleak outlook for the metal, the companys managing director said on Thursday. "Well wait for firmer and lasting prices above eight dolla
Published 31 Mar, 2009 12:00am
Minfa asks Sindh not to impose ban on wheat movement

Minfa asks Sindh not to impose ban on wheat movement

The Ministry of Food and Agriculture (Minfa) has written a letter to the Sindh government to desist from imposing inter-provincial and inter-district ban on the movement of wheat.
Published 31 Mar, 2009 12:00am
Angola illegally pumping Congos oil

Angola illegally pumping Congos oil

African oil giant Angola is illegally pumping out hundreds of thousands of barrels of crude oil every day from neighbouring Democratic Republic of Congos waters, Congos oil minister said. Sandwiched between Angola and Republic of Congo, another African oi
Published 31 Mar, 2009 12:00am
Minfa asks Sindh not to impose ban on wheat movement

Minfa asks Sindh not to impose ban on wheat movement

The Ministry of Food and Agriculture (Minfa) has written a letter to the Sindh government to desist from imposing inter-provincial and inter-district ban on the movement of wheat.
Published 31 Mar, 2009 12:00am
Azerbaijan has no plans to join Opec cuts

Azerbaijan has no plans to join Opec cuts

Azerbaijan has no plans to join Opec in cutting production and aims for the "maximum level" of output this year, a senior official said on Thursday, in remarks appearing to contradict an earlier pledge to back output cuts. Elshad Nasirov, vice-president o
Published 31 Mar, 2009 12:00am
ITP of steel products: customs reject importers plea

ITP of steel products: customs reject importers plea

Pakistan Customs, turning down importers plea, has clearly refused to cut the import trade price (ITP) of secondary flat rolled steel products, customs sources told Business Recorder on Monday. In a detailed order on the importers plea for reductio
Published 31 Mar, 2009 12:00am
Sri Lanka tea output, revenue to hit multi-year lows

Sri Lanka tea output, revenue to hit multi-year lows

Sri Lankas tea production and export revenue are expected to fall to multi-year lows in 2009 due to drought, low fertiliser usage and low global demand, the countrys tea board said on Wednesday. Tea is Sri Lankas largest agricultural export and fetched a
Published 31 Mar, 2009 12:00am
ITP of steel products: customs reject importers plea

ITP of steel products: customs reject importers plea

Pakistan Customs, turning down importers plea, has clearly refused to cut the import trade price (ITP) of secondary flat rolled steel products, customs sources told Business Recorder on Monday. In a detailed order on the importers plea for reductio
Published 31 Mar, 2009 12:00am
Brazil to propose more IMF credit lines to countries

Brazil to propose more IMF credit lines to countries

Brazil does not intend to tap a credit line launched by the International Monetary Fund for emerging markets and will propose at the upcoming G20 meeting a massive capitalisation of the institution, its finance minister said on Tuesday. Finance Minster Gu
Published 31 Mar, 2009 12:00am
KSE-100 index surges by 3.11 percent

KSE-100 index surges by 3.11 percent

Heavy buying was witnessed at the Karachi share market on Monday due to positive development on political front and commitment for economic support by Asian Development Bank and World Bank, and the KSE-100 index surged by 3.11 percent.
Published 31 Mar, 2009 12:00am
Chinas Hafei Aviation set for Airbus joint venture

Chinas Hafei Aviation set for Airbus joint venture

Chinas Hafei Aviation Industry Co said Wednesday it will set up an aircraft component joint venture with European giant Airbus and three other Chinese firms. The joint venture, based in the north-eastern Chinese city of Harbin, will have a total investmen
Published 31 Mar, 2009 12:00am
KSE-100 index surges by 3.11 percent

KSE-100 index surges by 3.11 percent

Heavy buying was witnessed at the Karachi share market on Monday due to positive development on political front and commitment for economic support by Asian Development Bank and World Bank, and the KSE-100 index surged by 3.11 percent.
Published 31 Mar, 2009 12:00am
Opposition to nuclear waste could derail French plan

Opposition to nuclear waste could derail French plan

Public opposition to storage sites for highly radioactive waste could derail Frances prized nuclear energy programme, the scientific adviser at French nuclear energy group Areva told Reuters on Thursday. France, where 58 nuclear reactors produce 80 percen
Published 31 Mar, 2009 12:00am
Supreme Court to hear Sharif brothers case today

Supreme Court to hear Sharif brothers case today

The Supreme Court on Monday issued notices to the respondents in Sharif brothers review petitions against their disqualification from holding any elected office and allowed the Federal government to submit additional arguments in the case as well.
Published 31 Mar, 2009 12:00am
China on offensive in struggle over new financial order

China on offensive in struggle over new financial order

China put the United States unexpectedly on the defensive shortly before the Group of 20 (G20) summit convenes next week in London by proposing that the dollar be replaced with a global currency reserve to settle international payments.
Published 31 Mar, 2009 12:00am
Supreme Court to hear Sharif brothers case today

Supreme Court to hear Sharif brothers case today

The Supreme Court on Monday issued notices to the respondents in Sharif brothers review petitions against their disqualification from holding any elected office and allowed the Federal government to submit additional arguments in the case as well.
Published 31 Mar, 2009 12:00am
World has reserves to beat crisis: Brown

World has reserves to beat crisis: Brown

The world has more than enough reserves to restore financial stability, British Prime Minister Gordon Brown said on Wednesday, but a means needs to be found to unlock the funds and reassure reserves-rich nations. Speaking on the second leg of a three-cont
Published 31 Mar, 2009 12:00am
LSE shows rising trend

LSE shows rising trend

The Lahore Stock Exchange (LSE) on Monday presented a rising trend and the equities registered gains across the board amid fresh buying following the positive development on political front, particularly after lifting of Governor Rule on Punjab.
Published 31 Mar, 2009 12:00am
Malaysian palm oil falls

Malaysian palm oil falls

Malaysian crude palm oil futures fell 1.0 percent on Monday amid lower crude oil prices and as traders awaited palm oil export numbers. Crude oil fell to below $51 a barrel, pressured by a stronger dollar and falling global equity markets. Dealers said tr
Published 31 Mar, 2009 12:00am
BRIndex30 up 148.95 points

BRIndex30 up 148.95 points

On Monday, the BRIndex30 opened in the green zone, at 6,598.90 points, with an upward jump gap of 153.84 points and remained there for whole of the trading time. It closed at 6,594.01 with a net positive change of 148.95 points and percentage change of 2.
Published 31 Mar, 2009 12:00am
Thailand to seek rice deals with African buyers

Thailand to seek rice deals with African buyers

Thailands commerce minister and rice exporters will visit African countries next month in a bid to secure rice deals, a senior official said on Monday. "Its a roadshow that includes trade and investment in Africa and, of course, rice will be the main issu
Published 31 Mar, 2009 12:00am
BRIndex30 up 148.95 points

BRIndex30 up 148.95 points

On Monday, the BRIndex30 opened in the green zone, at 6,598.90 points, with an upward jump gap of 153.84 points and remained there for whole of the trading time. It closed at 6,594.01 with a net positive change of 148.95 points and percentage change of 2.
Published 31 Mar, 2009 12:00am
Zambia to boost stake in copper mines up to 35 percent

Zambia to boost stake in copper mines up to 35 percent

Zambia, Africas biggest copper producer, plans to raise its stake in foreign-owned copper mining firms to up to 35 percent in a bid to have a bigger say in the way the mines are run, a cabinet minister said on Monday.
Published 31 Mar, 2009 12:00am
KSE-100 index surges by 3.11 percent

KSE-100 index surges by 3.11 percent

Heavy buying was witnessed at the Karachi share market on Monday due to positive development on political front and commitment for economic support by Asian Development Bank and World Bank, and the KSE-100 index surged by 3.11 percent.
Published 31 Mar, 2009 12:00am
Tokyo rubber futures slip

Tokyo rubber futures slip

Tokyo rubber futures fell 2 percent on Monday, extending Fridays retreat from a four-month high near 160 yen, as oil prices dropped on a bleak outlook for energy demand. Key rubber futures fell as low as 149.9 yen per kg or down 2.8 percent, in a correcti
Published 31 Mar, 2009 12:00am
LSE shows rising trend

LSE shows rising trend

The Lahore Stock Exchange (LSE) on Monday presented a rising trend and the equities registered gains across the board amid fresh buying following the positive development on political front, particularly after lifting of Governor Rule on Punjab.
Published 31 Mar, 2009 12:00am
Asian physical rubber prices

Asian physical rubber prices

Asian physical rubber prices were mostly unchanged on Monday, with prices underpinned by tight supplies and buying from Chinese users mainly in the most competitive Indonesian origin. Raw rubber prices were firm due to the dry wintering season when latex
Published 31 Mar, 2009 12:00am
ISE experiences bullish trend

ISE experiences bullish trend

Gainers outclassed losers on the Islamabad Stock Exchange (ISE) Monday, where bulls commanded the proceedings under the lead of trend-setters amid increase on the index. ISE Index showed an improvement of 54.09 points, as it moved from 1,578.02 to 1,632.1
Published 31 Mar, 2009 12:00am
Indian soyaoil in narraw range

Indian soyaoil in narraw range

Indian soyaoil futures were trading in a narrow range on Monday afternoon, tracking a weak Malaysian palm and on hopes duty-free soyaoil imports will depress prices, analysts said. However, some buying at dips was supporting the futures, analysts said.
Published 31 Mar, 2009 12:00am
ISE experiences bullish trend

ISE experiences bullish trend

Gainers outclassed losers on the Islamabad Stock Exchange (ISE) Monday, where bulls commanded the proceedings under the lead of trend-setters amid increase on the index. ISE Index showed an improvement of 54.09 points, as it moved from 1,578.02 to 1,632.1
Published 31 Mar, 2009 12:00am
Rains may delay wheat harvest in key India state

Rains may delay wheat harvest in key India state

Rains and strong winds in recent days may delay wheat harvesting by at least a week in Indias key producing state of Punjab, officials and farmers said on Monday. Harvesting of wheat, sown in over 90 percent of the cultivable area of the state, usually be
Published 31 Mar, 2009 12:00am
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