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Dec 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-06-20
US MIDDAY: soyabeans fall

US MIDDAY: soyabeans fall

Soyabean futures fell at the Chicago Board of Trade early on Friday as the soya complex set back from recent gains, traders said. At 9:39 am CDT (1439 GMT), the July CBOT soyabean futures contract was down 6-1/4 cents at $12.07-1/2 a bushel.
Published 20 Jun, 2009 12:00am
London coffee and cocoa hit new lows

London coffee and cocoa hit new lows

Robusta coffee futures touched their lowest point since the contract was revised in January 2008 as the market pulled back from its recent rally. Cocoa futures also fell, with the stronger pound weighing on the London market and sugar was little changed i
Published 20 Jun, 2009 12:00am
Gasoline sell-off drags crude oil lower

Gasoline sell-off drags crude oil lower

Oil prices fell 2.5 percent to below $70 a barrel on Friday, pulled lower by a sell-off in the gasoline market as dealers bet there would ample fuel supply in the United States to meet demand from summer vacationers. US crude fell $1.82 to settle at $69.5
Published 20 Jun, 2009 12:00am
Copper moves higher

Copper moves higher

Copper rose on Friday, on the back of a weaker dollar and rising equities, but demand and economic concerns capped greater gains with China's restocking seen coming to an end. London Metal Exchange copper for three-months delivery closed at $5,025 a tonne
Published 20 Jun, 2009 12:00am
LHC asks former principal to vacate official house

LHC asks former principal to vacate official house

Lahore High Court (LHC) has ordered former principal to vacate official Principal House of the Government College Gulberg. The court issued these orders on Friday while disposing of two petitions filed by one Professor Qazi Ikram Bashir.
Published 20 Jun, 2009 12:00am
New York cotton futures plummet

New York cotton futures plummet

Cotton futures settled sharply lower Friday on investor sales and switch trade as players got out of the spot contract before it goes into delivery next week, brokers said. The July cotton contract sank 2.31 cents to end at 51.56 cents per lb, dealing fro
Published 20 Jun, 2009 12:00am
Three killed in different incidents

Three killed in different incidents

At least three people were killed in different violent incidents across the city on Friday, police and witnesses said. An elderly man was gunned down while two other received bullet wounds in jurisdiction of Sharif Abad police station on Friday.
Published 20 Jun, 2009 12:00am
LHC Chief Justice directs SP to appear on June 23

LHC Chief Justice directs SP to appear on June 23

The Chief Justice Lahore High Court (LHC) here on Friday directed SP, Model Town to appear on June 23 with the nobles of the area to get their independent opinions about functioning of a religious institution in Shadman. The Chief Justice had taken notice
Published 20 Jun, 2009 12:00am
Proposed amendment in Seventh Schedule: FBR to suffer Rs 10 billion loss

Proposed amendment in Seventh Schedule: FBR to suffer Rs 10 billion loss

The Federal Board of Revenue (FBR) would suffer a loss of Rs 10 billion due to the proposed amendment, relating to banking sector, in the Seventh Schedule of Income Tax Ordinance 2001 in 2009-10 budget. The Seventh Schedule to the Income Tax Ordinance was
Published 20 Jun, 2009 12:00am
'Juma' congregations: stringent security steps taken in twin cities

'Juma' congregations: stringent security steps taken in twin cities

Stringent security measures were taken in twin cities of Islamabad and Rawalpindi on Friday, in spite of already high security alert, to avert any possible terrorist attack during 'Juma' congregations. Security around mosques and imambargahs and shrines w
Published 20 Jun, 2009 12:00am
806 cusecs water released downstream Kotri Barrage

806 cusecs water released downstream Kotri Barrage

The Sindh Irrigation Department released 806 cusecs downstream Kotri Barrage after about eight months to provide fresh drinking water and save the ecosystem of Indus delta. The Indus River System Authority provided 1.47,000 cusecs water to the Guddu barra
Published 20 Jun, 2009 12:00am
Swat operation to be completed very soon: Khalid Maqbool

Swat operation to be completed very soon: Khalid Maqbool

Former Governor Punjab Lieutenant General Khalid Maqbool (Retd) has said that Swat operation will be completed very soon whereas operation in tribal areas will continue for some time. He was addressing the press briefing organised by Jazba Foundation to h
Published 20 Jun, 2009 12:00am
Benazir's assassination: UN probe to begin on July 1

Benazir's assassination: UN probe to begin on July 1

The United Nations three-member fact-finding commission established to look into the assassination of former Prime Minister Mohtarma Benazir Bhutto will begin its work on July 1, UN Spokesperson announced Friday.
Published 20 Jun, 2009 12:00am
Punjab will continue medical help to IDPs: Shahbaz

Punjab will continue medical help to IDPs: Shahbaz

The Chief Minister Punjab Mohammed Shahbaz Sharif said that the Punjab govt would continue medical assistance to the IDPs. This he said during a briefing given to him by Health Department regarding the performance of medical teams sent to NWFP by the Heal
Published 20 Jun, 2009 12:00am
Government urged to allocate five percent for education in budget

Government urged to allocate five percent for education in budget

President, Mohammad Ali Jinnah University, Professor Dr Abdul Wahab has emphasised that the government should allocate at least 5 percent for education in the budget. Speaking at a meeting of Health and Education sub-committee of Karachi Chamber of Commer
Published 20 Jun, 2009 12:00am
Nepali media team visits PTV headquarters

Nepali media team visits PTV headquarters

A seven member Nepali media team headed by Mathbar Singh Masnat visited PTV Headquarters, Islamabad. The Director International Relations, M. Z. Sohail briefed the delegation on PTV. The delegates declared that PTV has made exemplary progress in its field
Published 20 Jun, 2009 12:00am
FBR and ICAP ink MoU

FBR and ICAP ink MoU

Federal Board of Revenue (FBR) and Institute of Chartered Accountants of Pakistan (ICAP) have signed a memorandum of understanding (MoU) for the development of Tax Audit Framework and its implementation. The MoU was signed on Friday at a simple ceremony a
Published 20 Jun, 2009 12:00am
NWFP fixes registration fee for private hospitals

NWFP fixes registration fee for private hospitals

Health Regulatory Authority (HRA) of the Department of Health NWFP has notified the registration and renewal fee for various categories of health institutions/health providers in private health sector with immediate effect.
Published 20 Jun, 2009 12:00am
FTSE posts biggest daily percentage gain since June 1

FTSE posts biggest daily percentage gain since June 1

Britain's leading share index ended 1.5 percent higher on Friday, recovering some of the week's sharp falls as heavyweight oils, miners, and banks returned to favour, with a measure of risk appetite returning. At the close, the FTSE 100 index was up 65.07
Published 20 Jun, 2009 12:00am
European CDS move tighter

European CDS move tighter

European credit spreads were tighter on Friday, partly in response to a firmer tone on equity markets after the International Monetary Fund saw signs that the decline in global output was moderating. By 1522 GMT, the investment-grade Markit iTraxx Europe
Published 20 Jun, 2009 12:00am
Indian shares gain

Indian shares gain

Indian shares rose 1.80 percent on Friday as investors bought into index- and mid-cap stocks on bargain-hunting, after the markets had fallen more than five percent in recent days, dealers said. The benchmark 30-share Sensex rose 256.36 points to 14,521.8
Published 20 Jun, 2009 12:00am
European CDS move tighter

European CDS move tighter

European credit spreads were tighter on Friday, partly in response to a firmer tone on equity markets after the International Monetary Fund saw signs that the decline in global output was moderating. By 1522 GMT, the investment-grade Markit iTraxx Europe
Published 20 Jun, 2009 12:00am
Philippines bond rebounds

Philippines bond rebounds

Philippine sovereign bond prices rebounded from two-month lows on Friday, on optimism that the country could tap funds from Japan and the ADB to plug a budget deficit, while the broader market was also slightly firmer.
Published 20 Jun, 2009 12:00am
Friday's early afternoon trade: Microsoft lifts Nasdaq

Friday's early afternoon trade: Microsoft lifts Nasdaq

The Nasdaq rose on Friday, boosted by positive broker comments on Microsoft Corp, while the S&P 500 and Dow were pressured by energy shares as the price of oil eased. Markets were also buffeted by the end of the two-day quadruple witching period, the expi
Published 20 Jun, 2009 12:00am
Philippines bond rebounds

Philippines bond rebounds

Philippine sovereign bond prices rebounded from two-month lows on Friday, on optimism that the country could tap funds from Japan and the ADB to plug a budget deficit, while the broader market was also slightly firmer.
Published 20 Jun, 2009 12:00am
Etihad launches direct flight to Cyprus from Abu Dhabi

Etihad launches direct flight to Cyprus from Abu Dhabi

Etihad Airways, the national airline of the United Arab Emirates, has launched its inaugural service from its home base at Abu Dhabi to Larnaca, Cyprus. Cyprus is one of Pakistan's many favourite vacation destinations and there is a heavy load of Pakistan
Published 20 Jun, 2009 12:00am
120,000 CDGK employees to pay for KCPT

120,000 CDGK employees to pay for KCPT

Almost 120,000 employees of City District Government Karachi (CDGK) and its subordinate departments are going to pay charges for the newly formed unregistered "Karachi Citizens Participation Trust" (KCPT). The trust was apparently formed to arrange fundin
Published 20 Jun, 2009 12:00am
Services at ports & terminals: PSAA wants 16 percent FED to be withdrawn

Services at ports & terminals: PSAA wants 16 percent FED to be withdrawn

Shipping agents have requested the government to withdraw the proposed 16 percent federal excise duty (FED) on services at the country's ports and terminals. According to sources the shipping agents are of the view that the new levy would increase the cos
Published 20 Jun, 2009 12:00am
Post-budget meeting of PCDMA held

Post-budget meeting of PCDMA held

Post budget meeting of Pakistan Chemicals and Dies Merchants Association (PCDMA) was held on Friday, at PCDMA office, under the chair of acting Chairman, Khawja Arif.
Published 20 Jun, 2009 12:00am
Trust Deed of KASB Cash Fund signed

Trust Deed of KASB Cash Fund signed

Trust Deed of KASB Cash Fund was signed between KASB Funds Limited and Muslim Commercial Financial Services (Private) Limited (MCFSL). KASB Funds Limited prides itself in its management style and its steady performance over the years in spite of tough mar
Published 20 Jun, 2009 12:00am
'PSMA to export sugar': delegation fails to convince SBP authorities

'PSMA to export sugar': delegation fails to convince SBP authorities

Economic Co-ordination Committee's refusal to buy 200,000 tons of locally manufactured sugar worth Rs 8.4 billion has forced Pakistan Sugar Mills Association (PSMA) to export it to payoff loans and advances pending for a year. The decision was made after
Published 20 Jun, 2009 12:00am
Trust Deed of KASB Cash Fund signed

Trust Deed of KASB Cash Fund signed

Trust Deed of KASB Cash Fund was signed between KASB Funds Limited and Muslim Commercial Financial Services (Private) Limited (MCFSL). KASB Funds Limited prides itself in its management style and its steady performance over the years in spite of tough mar
Published 20 Jun, 2009 12:00am
Indian rupee gains

Indian rupee gains

Indian rupee nudged higher on Friday after the stock market pulled back from a fall, but dropped for the second consecutive week as the dollar notched gains against major currencies. The partially convertible rupee closed at 48.09/10 per dollar, 0.2 perce
Published 20 Jun, 2009 12:00am
AHI, MCBFS sign up trust deed of PCPF

AHI, MCBFS sign up trust deed of PCPF

Arif Habib Investments Limited (formerly: Arif Habib Investment Management Limited) and Muslim Commercial Financial Services (Pvt) Ltd signed up Trust Deed for AHI's new capital protected open end fund, Pakistan Capital Protected Fund (Fixed Income Securi
Published 20 Jun, 2009 12:00am
AHI, MCBFS sign up trust deed of PCPF

AHI, MCBFS sign up trust deed of PCPF

Arif Habib Investments Limited (formerly: Arif Habib Investment Management Limited) and Muslim Commercial Financial Services (Pvt) Ltd signed up Trust Deed for AHI's new capital protected open end fund, Pakistan Capital Protected Fund (Fixed Income Securi
Published 20 Jun, 2009 12:00am
Yen and dollar fall in London

Yen and dollar fall in London

The yen and the dollar fell broadly on Friday, while perceived higher risk currencies such as the Australian dollar gained as improved US data fuelled hopes for a global economic recovery. Declines in the dollar against the euro were limited, however, wit
Published 20 Jun, 2009 12:00am
Three-month dollar Libor rate edges up

Three-month dollar Libor rate edges up

The rates banks charge one another for borrowing three-month dollars edged higher on Friday from the previous day's record low fixing, but the rise was far less than some market participants feared after news of planned changes to the setting of Libor rat
Published 20 Jun, 2009 12:00am
Bangladesh moves clocks to save power

Bangladesh moves clocks to save power

Bangladesh introduced daylight saving for the first time on Friday in a bid to conserve energy as businesses and homes struggle with increasingly frequent power cuts. Clocks would move forward an hour on Friday evening, pushing Bangladesh to seven hours a
Published 20 Jun, 2009 12:00am
Sterling rises

Sterling rises

Sterling rose on Friday, recovering from a one-week low versus the dollar when rising share prices stoked some demand for currencies seen to be higher risk. Friday's gains put the pound on track to end the week in positive territory, recuperating from los
Published 20 Jun, 2009 12:00am
France divided over calls to ban burqa

France divided over calls to ban burqa

The French government was split on Friday over whether a law should be enacted to restrict the wearing of the full Islamic veil by Muslim women in Europe's most staunchly secular country. A group of lawmakers is calling for a special inquiry into whether
Published 20 Jun, 2009 12:00am
Two soldiers, 25 Taliban killed in Afghanistan

Two soldiers, 25 Taliban killed in Afghanistan

Two US-led coalition soldiers were killed in Afghanistan on Friday when a bomb struck their convoy, as authorities said at least 25 militants and a policeman died in various military operations. The bomb struck the soldiers on the outskirts of Afghanistan
Published 20 Jun, 2009 12:00am
Israeli police humiliate Palestinians in online video clips

Israeli police humiliate Palestinians in online video clips

Israeli border guards have posted videos online in which they humiliate Palestinians, including ordering a young man to sing and slap himself, Israel's Haaretz newspaper reported on Friday. In one video clip posted on YouTube the man is ordered to repeate
Published 20 Jun, 2009 12:00am
Europe races to avoid split over A400M plane

Europe races to avoid split over A400M plane

European nations are divided over conditions for a new round of talks on the delayed A400M troop plane and are racing to ease the deadlock ahead of a ministerial meeting on Monday, sources following the matter said on Friday.
Published 20 Jun, 2009 12:00am
Obama 'committed' to immigration reform

Obama 'committed' to immigration reform

President Barack Obama Friday said he was committed to comprehensive immigration reform, amid rising calls by Hispanic supporters for a path to citizenship for 12 million illegal immigrants. Obama did not, however, lay out a timetable for action on one of
Published 20 Jun, 2009 12:00am
32 killed in eastern Congo clashes

32 killed in eastern Congo clashes

Thirty-two people have been killed in three days of fighting in eastern Congo between government soldiers and Rwandan Hutu rebels backed by Congolese militia allies, a top army officer said on Friday. Clashes broke out late on Wednesday when gunmen overra
Published 20 Jun, 2009 12:00am
Stanford indicted in US for alleged pyramid scheme

Stanford indicted in US for alleged pyramid scheme

Texas billionaire R. Allen Stanford, whose sprawling banking empire collapsed this year, has been indicted for what prosecutors say is a $7 billion scheme to defraud investors. Justice Department officials planned to announce the charges against Stanford,
Published 20 Jun, 2009 12:00am
Europe to offer China help in burying CO2 emissions

Europe to offer China help in burying CO2 emissions

Europe will next week start moves to help China and India develop technology to trap and bury carbon dioxide underground in the fight against global warming, according to a draft European Commission document. Carbon Capture and Storage (CCS), a process of
Published 20 Jun, 2009 12:00am
Two Koreas' factory park talks stall; US tracks ship

Two Koreas' factory park talks stall; US tracks ship

North and South Korean envoys failed on Friday to resolve a dispute over Pyongyang's demands for salary and rent increases at a joint factory park in the communist state that is one of its few sources of hard cash. The talks came a day after American offi
Published 20 Jun, 2009 12:00am
Developed countries hanging to aid commitments despite downturn: UN0

Developed countries hanging to aid commitments despite downturn: UN0

Developed countries have maintained their aid commitments despite the global economic crisis, a top UN official said Friday, but warned that fluctuating exchange rates could impact on pledges. Africa's growth rate is expected to slow to a 20-year low of t
Published 20 Jun, 2009 12:00am
British WWI veteran becomes world's oldest man

British WWI veteran becomes world's oldest man

British World War I veteran Henry Allingham was named Friday as the world's oldest man after the death of the Japanese record holder - and his spokesman said he would "take it in his stride." Guinness World Records said 113-year-old Allingham, who was bor
Published 20 Jun, 2009 12:00am
Somali lawmaker gunned down in Mogadishu

Somali lawmaker gunned down in Mogadishu

Gunmen on Friday shot dead a lawmaker in Mogadishu, the third high-profile government official to have been killed in as many days, as Somalia descended further into chaos. "We got information confirming that Mohamed Husein Addow was shot down, we can con
Published 20 Jun, 2009 12:00am
Bomb kills policeman in Spain, ETA blamed

Bomb kills policeman in Spain, ETA blamed

A bomb killed a police officer when it exploded under his car in Spain's Basque Country on Friday, in what authorities said was the first fatal attack by ETA rebels since December. The booby-trap attack in the northern city of Bilbao ended a long gap with
Published 20 Jun, 2009 12:00am
Sarkozy to restart reform push

Sarkozy to restart reform push

French President Nicolas Sarkozy came out of this month's European parliament elections as one of the big winners and he is looking to build on the momentum with a carefully staged relaunch of his reform agenda next week. Sarkozy is due to address a speci
Published 20 Jun, 2009 12:00am
Air France crash families to get $24,000

Air France crash families to get $24,000

Air France said Friday it would give about $24,000 as an advance to the families of the victims of the crash of Air France Flight 447 from Rio de Janeiro to Paris. Remains of some of the 228 dead, and hundreds of pieces of wreckage reclaimed from the sea
Published 20 Jun, 2009 12:00am
Google, Facebook launch Persian services

Google, Facebook launch Persian services

Internet giant Google has unveiled a Farsi translation service to help Iranians "communicate directly" to the world, while Facebook has launched a version of its site in Persian, they said Friday. The Internet has played a key role in allowing some Irania
Published 20 Jun, 2009 12:00am
Indian maestro Ali Akbar Khan dies

Indian maestro Ali Akbar Khan dies

Ustad Ali Akbar Khan, best known for promoting classical Indian music in the West, died on Friday, the Press Trust of India reported. He was 87. Khan died at his music centre near San Francisco in the United States after a prolonged kidney ailment, the ne
Published 20 Jun, 2009 12:00am
World's oldest man dies at 113 in Japan

World's oldest man dies at 113 in Japan

The world's oldest man, Tomoji Tanabe, died at his home in southern Japan on Friday at the age of 113, a local official said. Tanabe, who suffered from a chronic heart problem, passed away with his relatives at his bedside, said an official at Miyakonojo
Published 20 Jun, 2009 12:00am
UK summons Iran's ambassador over Khamenei speech

UK summons Iran's ambassador over Khamenei speech

Britain's Foreign Office said Friday it has asked Iran's ambassador in London to attend a meeting to explain supreme leader Ayatollah Ali Khamenei's comments about UK policy. During Friday prayers at Tehran University, Khamenei accused the United States,
Published 20 Jun, 2009 12:00am
Three men shot dead in Thai's south

Three men shot dead in Thai's south

Separatist militants shot and killed three Muslim men in Thailand's south as violence intensified in the troubled region, police said Friday. An unknown number of militants shot dead a 29-year-old man Thursday night as he returned home from evening prayer
Published 20 Jun, 2009 12:00am
World-wide protests mark birthday of jailed Suu Kyi

World-wide protests mark birthday of jailed Suu Kyi

Myanmar democracy icon Aung San Suu Kyi marked a grim 64th birthday in prison Friday, as activists took to the Internet and staged world-wide protests to call for her release and an end to her trial. Famous names including British Prime Minister Gordon Br
Published 20 Jun, 2009 12:00am
Troops, Maoists trade gunfire in east India

Troops, Maoists trade gunfire in east India

Indian troops advancing on Maoist strongholds drew fire on Friday in the first skirmish between the insurgents and the ruling Marxist authorities of West Bengal state, officials said. "We are caught in a gunbattle," police Inspector General Raj Kanojia sa
Published 20 Jun, 2009 12:00am
EU to step up Myanmar sanctions: UK

EU to step up Myanmar sanctions: UK

British Prime Minister Gordon Brown said European Union nations agreed Friday to step up sanctions against Myanmar as the country's opposition leader Aung San Suu Kyi celebrated her 64th birthday. EU leaders also marked the occasion by calling for her ``i
Published 20 Jun, 2009 12:00am
Nigerian militants say Agip pipeline destroyed

Nigerian militants say Agip pipeline destroyed

Nigeria's main militant group on Friday said it had destroyed a pipeline supplying crude oil to Italian company Agip's export terminal, the latest in a string of attacks.The Movement for the Emancipation of the Niger Delta (MEND) has increased its activit
Published 20 Jun, 2009 12:00am
Ponting motivated by bitter memories of Ashes agony

Ponting motivated by bitter memories of Ashes agony

Ricky Ponting has warned England he is determined to erase the bitter memories of his last Ashes tour by leading Australia to victory over the old enemy. Although Ponting's team will start the forthcoming series with the Ashes in their possession after vi
Published 20 Jun, 2009 12:00am
Russian air force loses second plane in three days

Russian air force loses second plane in three days

Russia's air force lost its second fighter plane in three days on Friday when an Su-24 crashed in southern Russia, but both pilots survived, Russian news agencies reported. The air force immediately grounded its fleet of Su-24s, a Soviet era plane also kn
Published 20 Jun, 2009 12:00am
ITF to consider India appeal over Australia Cup penalty

ITF to consider India appeal over Australia Cup penalty

The International Tennis Federation (ITF) will consider an appeal from India seeking a heavier penalty on Australia for forfeiting last month's Davis Cup tie due to security concerns. The ITF said on Friday it had received an appeal from the All India Ten
Published 20 Jun, 2009 12:00am
Sharapova plans to cook up a fairytale return at Wimbledon

Sharapova plans to cook up a fairytale return at Wimbledon

Maria Sharapova admits the only things that helped her survive a gruelling battle to recover from persistent shoulder problems was her love of cooking and a good book. Sharapova will be one of the main attractions at Wimbledon next week after finally retu
Published 20 Jun, 2009 12:00am
Australia's Klein fined for racial abuse of opponent

Australia's Klein fined for racial abuse of opponent

Australian player Brydan Klein has been fined 10,000 euros ($13,920) and suspended by his national sports body for racially abusing South African opponent Raven Klaasan during a qualifying match at the Eastbourne International, tennis officials said on Fr
Published 20 Jun, 2009 12:00am
Sehwag undergoes shoulder surgery

Sehwag undergoes shoulder surgery

Indian batsman Virender Sehwag has undergone shoulder surgery and could be sidelined for at least three months, domestic media reported on Friday. The explosive 30-year-old opener, who was sidelined for the Twenty20 World Cup, went under the knife in Lond
Published 20 Jun, 2009 12:00am
Younus dedicates win to long-suffering fans

Younus dedicates win to long-suffering fans

Pakistan captain Younus Khan dedicated his team's Twenty20 World Cup semi-final win over South Africa on Thursday to the long-suffering fans afflicted by militant violence back home. Pakistan did not play a single test last year and last March six Sri Lan
Published 20 Jun, 2009 12:00am
We are not chokers, insists Smith

We are not chokers, insists Smith

South African captain Graeme Smith will not let his team be branded chokers anymore despite failing to make the final of the World Twenty20 here. South Africa, overwhelming favourites after five straight wins in the tournament, were knocked out by Pakista
Published 20 Jun, 2009 12:00am
England reach women World Twenty20 final

England reach women World Twenty20 final

Claire Taylor's unbeaten 76 saw England into the final of the women's World Twenty20 as they beat arch-rivals Australia by eight wickets at the Oval here on Friday. World Cup champions England, chasing an imposing 164 to win, finished on 165 for two - the
Published 20 Jun, 2009 12:00am
Nadal to face Clement

Nadal to face Clement

World number one Rafael Nadal will begin the defence of his title at Wimbledon against Frenchman Arnaud Clement as long as his painful knees hold up. Nadal is due to play an exhibition match on Friday before deciding whether he will take part in the year'
Published 20 Jun, 2009 12:00am
Surprise package Egypt close in on last four

Surprise package Egypt close in on last four

Surprise package Egypt take on Bob Bradley's underperforming United States here Sunday with a place in the Confederations Cup semi-finals within their grasp. The Pharaohs turned up in South Africa under a cloud after making heavy weather of early qualifyi
Published 20 Jun, 2009 12:00am
Asian currencies: rupiah and peso hit multi week lows

Asian currencies: rupiah and peso hit multi week lows

The Indonesian rupiah and Philippine peso hit multi-week lows on Friday as investors took profits from a recent market rally amid lingering doubts about the strength a recovery in the global economy. Suspected central bank intervention set a floor for the
Published 20 Jun, 2009 12:00am
Australian dollar gains

Australian dollar gains

The Australian dollar bounced on Friday, boosted by an improved yield advantage as signs the global recovery was gaining momentum and a domestic rate hike might be on the horizon saw local bond yields jump. The Aussie climbed to $0.8054 by late local trad
Published 20 Jun, 2009 12:00am
Dollar rises

Dollar rises

The dollar rose against the euro on Thursday after news of a change in the definition of the London interbank offered rate raised speculation yields on US investments will move higher. The euro's failure to firmly break the key $1.40 level also prompted i
Published 20 Jun, 2009 12:00am
Swiss franc down

Swiss franc down

The Swiss franc dipped against the euro on Friday after the Swiss National Bank renewed its pledge to fight a rise in the franc on Thursday and talk of a SNB intervention hit the Swissie. "Price activities in euro-franc (on Thursday) suggests that the SNB
Published 20 Jun, 2009 12:00am
Dollar falls

Dollar falls

The dollar fell against the euro and the Australian dollar on Friday trimming the previous day's light gains after reassuring US data supported regional stock markets. Asian stocks rose after US data on Thursday showed the number of people on jobless bene
Published 20 Jun, 2009 12:00am
Yuan falls in NDFs market

Yuan falls in NDFs market

One-year offshore non-deliverable forwards (NDFs) rose to a nearly two-month high on Friday, implying less yuan appreciation in a year's time, as arbitrage between the NDFs and China's onshore forwards is narrowing the spread in the two markets.
Published 20 Jun, 2009 12:00am
Hong Kong dollar inches up

Hong Kong dollar inches up

The Hong Kong dollar was slightly firmer against the US dollar on Friday after moving in a narrow range, while interbank rates were mixed. The local currency traded between 7.7502 and 7.7505 on the day, ending marginally higher than late Thursday trade in
Published 20 Jun, 2009 12:00am
Chinese shares surge

Chinese shares surge

Chinese shares closed up 0.93 percent on Friday as investors shrugged off share supply worries after Beijing gave the go-ahead for its first IPO in nine months, dealers said. The Shanghai Composite Index, which covers A and B shares, was up 26.59 points a
Published 20 Jun, 2009 12:00am
Thai share prices rise

Thai share prices rise

The Thai stock market closed up 3.25 percent on Friday, ending four days of losses after bargain hunters bought energy, banking and property shares, an analyst said. The Stock Exchange of Thailand (SET) composite index rose 18.55 points to close at 588.98
Published 20 Jun, 2009 12:00am
Nikkei posts worst week in three months

Nikkei posts worst week in three months

Japan's Nikkei average clung to gains of 0.9 percent on Friday but posted its worst week in three months, with jittery investors needing more proof that the economic recession is easing in order to push shares higher. Battery maker GS Yuasa and shares in
Published 20 Jun, 2009 12:00am
Seoul shares make gains

Seoul shares make gains

Seoul shares ended higher on Friday after volatile trade, with Samsung SDI rallying on auto battery business hopes and Hite Holdings gaining on news it would sell a stake in Jinro. The Korea Composite Stock Price Index (KOSPI) finished up 0.55 percent at
Published 20 Jun, 2009 12:00am
The Weather

The Weather

The weather report on Friday (June 19, 2009) and the forecast for Saturday (June 20, 2009).

Published 20 Jun, 2009 12:00am
Singapore shares rally

Singapore shares rally

Singapore shares closed 1.61 percent higher on Friday, snapping six straight sessions of losses, but dealers said the market was still looking for firm leads. The blue chip Straits Times Index jumped 35.98 points to 2,273.18 on volume of 1.56 billion shar
Published 20 Jun, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 19, 2009).

Published 20 Jun, 2009 12:00am
US bonds hit by new round of issuance

US bonds hit by new round of issuance

US government bonds tumbled on Thursday after the US Treasury announced another record round of auctions for next week and more data provided evidence the US recession was easing. The primary concern though remained the $2 trillion in new issuance expecte
Published 20 Jun, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 19, 2009).

Published 20 Jun, 2009 12:00am
US bonds hit by new round of issuance

US bonds hit by new round of issuance

US government bonds tumbled on Thursday after the US Treasury announced another record round of auctions for next week and more data provided evidence the US recession was easing. The primary concern though remained the $2 trillion in new issuance expecte
Published 20 Jun, 2009 12:00am
Malaysian shares up

Malaysian shares up

Malaysian shares closed up 0.48 percent on Friday in line with gains on Wall Street and other Asian markets, dealers said. The Kuala Lumpur Composite Index gained 5.09 points to 1,059.50. Gainers outnumbered losers 338 to 306. "Gains on Wall Street overni
Published 20 Jun, 2009 12:00am
Zardari calls for addressing needs of disabled persons

Zardari calls for addressing needs of disabled persons

President Asif Ali Zardari on Friday said disabled people were special in their own and stressed the need for society to structure itself in a way that meet the needs of all such citizens. In a message read out at the Disabled Women Conference organised b
Published 20 Jun, 2009 12:00am
Dow, S&P end three-day drop on data and financials

Dow, S&P end three-day drop on data and financials

The Dow and S&P 500 gained on Thursday, breaking a three-day losing streak, as data on the job market and regional manufacturing revived hopes that the recession-hit economy is stabilising. After gaining as much as 40 percent from a 12-year closing low in
Published 20 Jun, 2009 12:00am
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