AIRLINK 189.64 Decreased By ▼ -7.01 (-3.56%)
BOP 10.09 Decreased By ▼ -0.05 (-0.49%)
CNERGY 6.68 Decreased By ▼ -0.01 (-0.15%)
FCCL 34.14 Increased By ▲ 1.12 (3.39%)
FFL 17.09 Increased By ▲ 0.44 (2.64%)
FLYNG 23.83 Increased By ▲ 1.38 (6.15%)
HUBC 126.05 Decreased By ▼ -1.24 (-0.97%)
HUMNL 13.79 Decreased By ▼ -0.11 (-0.79%)
KEL 4.77 Increased By ▲ 0.01 (0.21%)
KOSM 6.58 Increased By ▲ 0.21 (3.3%)
MLCF 43.28 Increased By ▲ 1.06 (2.51%)
OGDC 224.96 Increased By ▲ 11.93 (5.6%)
PACE 7.38 Increased By ▲ 0.37 (5.28%)
PAEL 41.74 Increased By ▲ 0.87 (2.13%)
PIAHCLA 17.19 Increased By ▲ 0.37 (2.2%)
PIBTL 8.41 Increased By ▲ 0.12 (1.45%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 193.09 Increased By ▲ 9.52 (5.19%)
PRL 37.34 Decreased By ▼ -0.93 (-2.43%)
PTC 24.02 Decreased By ▼ -0.05 (-0.21%)
SEARL 94.54 Decreased By ▼ -0.57 (-0.6%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.93 Decreased By ▼ -0.38 (-0.94%)
SYM 17.77 Decreased By ▼ -0.44 (-2.42%)
TELE 8.66 Decreased By ▼ -0.07 (-0.8%)
TPLP 12.39 Increased By ▲ 0.18 (1.47%)
TRG 62.65 Decreased By ▼ -1.71 (-2.66%)
WAVESAPP 10.28 Decreased By ▼ -0.16 (-1.53%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
YOUW 3.97 Decreased By ▼ -0.03 (-0.75%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)
Jan 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-07-08
Hong Kong dollar stays close to upper limit

Hong Kong dollar stays close to upper limit

The Hong Kong dollar held within a narrow range against the US dollar on Tuesday, while interbank rates were mostly softer because of abundant liquidity in the banking system. The local currency traded between 7.7501 and 7.7502 for most of Tuesday, just a
Published 08 Jul, 2009 12:00am
Australian dollar firms

Australian dollar firms

The Australian dollar firmed on Tuesday after the local central bank sounded slightly more upbeat in its latest policy statement, where it kept interest rates unchanged at a record low of 3 percent as expected. In a statement accompanying its rate decisio
Published 08 Jul, 2009 12:00am
Yen gains

Yen gains

The yen gained broadly on Monday as investors nervous about the global economic outlook shunned risk and took shelter in currencies perceived to be safest in times of subpar growth. The dollar hit a five-week low against the yen as fallout from last week'
Published 08 Jul, 2009 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.06/69.06 (previous 69.06/69.06). Call Money Rates: 0.10-10.00 percent (previous 0.10-10.00 percent).
Published 08 Jul, 2009 12:00am
Dollar up

Dollar up

The yen edged up against the euro and sterling on Tuesday, as traders fretted that optimism about the global economy's recovery prospects and a risk asset rally in the past few months may have been overdone. The dollar was steady after hitting a five-week
Published 08 Jul, 2009 12:00am
Yuan ends up

Yuan ends up

China's central bank guided spot yuan to end slightly higher against the dollar on Tuesday as it let rates on its short-term bond repurchase operations rise for a second straight week. The People's Bank of China fixed the yuan's daily mid-point, or refere
Published 08 Jul, 2009 12:00am
Philippines shares up

Philippines shares up

Philippines share prices closed 0.93 percent higher on Tuesday on news that June's inflation had fallen to a 20-year low, dealers said. The composite index rose 22.66 points to 2,471.76 while the all-shares index gained 0.89 percent to 1,582.80. There wer
Published 08 Jul, 2009 12:00am
Nikkei dips as exporters weigh

Nikkei dips as exporters weigh

Japan's Nikkei average fell 0.3 percent on Tuesday, with exporters hurt by a stronger yen, while Isuzu Motors skidded after a report that Toyota Motor will scrap plans to develop diesel engines with the truck maker. But Asahi Breweries jumped on a newspap
Published 08 Jul, 2009 12:00am
Chinese shares decline

Chinese shares decline

Chinese shares fell 1.13 percent on Tuesday due to profit taking in banks and property developers, dealers said. The Shanghai Composite Index, which covers A and B shares, was down 35.22 points to 3,089.45 on turnover of 188.1 billion yuan (27.5 billion d
Published 08 Jul, 2009 12:00am
Seoul shares end firm

Seoul shares end firm

Seoul shares ended firm on Tuesday as upward momentum on positive earnings expectations continued, with robust gains by key tech and auto blue chips, including LG Electronics and Hyundai Motor. The Korea Composite Stock Price Index (KOSPI) finished up 0.3
Published 08 Jul, 2009 12:00am
Malaysian shares end flat

Malaysian shares end flat

Malaysian shares were flat on Tuesday due to mild profit-taking, dealers said. The Kuala Lumpur Composite Index gained 0.53 points, or 0.05 percent, to close at 1,066.36 with a volume of 586.24 million shares worth 752.77 million ringgit (212.56 million d
Published 08 Jul, 2009 12:00am
Longer-dated US Treasury prices fall

Longer-dated US Treasury prices fall

Longer-dated US Treasury debt prices fell on Monday as government debt auctions raised supply concerns and a surprisingly strong report on the services industry revived hopes of an economic rebound later this year. A report showed the US service sector wa
Published 08 Jul, 2009 12:00am
Longer-dated US Treasury prices fall

Longer-dated US Treasury prices fall

Longer-dated US Treasury debt prices fell on Monday as government debt auctions raised supply concerns and a surprisingly strong report on the services industry revived hopes of an economic rebound later this year. A report showed the US service sector wa
Published 08 Jul, 2009 12:00am
Singapore shares slightly higher

Singapore shares slightly higher

Singapore shares closed 0.27 percent higher on Tuesday on gains in selected blue chips, dealers said. The main Straits Times Index was up 6.17 points at 2,272.26. Volume traded totalled 1.12 billion shares worth 998 million Singapore dollars (684 million
Published 08 Jul, 2009 12:00am
Move into defensives helps lift Dow

Move into defensives helps lift Dow

The Dow industrials rose and the S&P 500 rebounded in late trading on Monday as investors' concerns about the strength of an economic recovery triggered a move into defensive stocks. But the technology-heavy Nasdaq slipped as investors rotated out of the
Published 08 Jul, 2009 12:00am
Hong Kong shares drop

Hong Kong shares drop

Hong Kong share prices closed 0.65 percent lower on Tuesday, following profit-taking in Chinese financial and insurance stocks, dealers said. The benchmark Hang Seng Index ended down 117.14 points at 17,862.27, after trading between 17,821.71 and 18,159.9
Published 08 Jul, 2009 12:00am
Swiss business cycle indicator at historic low

Swiss business cycle indicator at historic low

Swiss industry reported its worst three months in the second quarter since a survey began in 1975, UBS said on Tuesday, and the outlook remains grim. "New orders, sales, earnings and production dropped, while job cuts accelerated further. Prospects for th
Published 08 Jul, 2009 12:00am
Jakarta shares 2.37 percent up

Jakarta shares 2.37 percent up

Indonesian shares ended 2.37 percent higher on Tuesday on expectations of a peaceful presidential election the next day, dealers said. The Jakarta Composite Index rose 48.23 points to 2,083.24. Heavyweight Telkom rose 1.2 percent to 8,550 rupiah, Unilever
Published 08 Jul, 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 day's closes in brackets).

Published 08 Jul, 2009 12:00am
Taiwan stocks hit one-month closing high

Taiwan stocks hit one-month closing high

Taiwan stocks rose 0.98 percent on Tuesday to a one-month closing high, as tech shares including Mediatek Inc and smartphone maker HTC Corp rose on better-than-expected second-quarter earnings. The main TAIEX share index closed 65.31 points higher at 6,71
Published 08 Jul, 2009 12:00am
Ogra issues notification regarding cut in POL prices

Ogra issues notification regarding cut in POL prices

The Oil and Gas Regulatory Authority (Ogra) late Tuesday night issued a notification regarding cut in petroleum products prices. New POL products prices will be as follows: Petrol Rs 50.53 per litre, light speed diesel Rs 51.40, kerosene oil Rs 52.39 and
Published 08 Jul, 2009 12:00am
Germany boosts recovery hopes despite OECD warning

Germany boosts recovery hopes despite OECD warning

Germany provided a glimmer of hope for global recovery on Tuesday, reporting an upturn in manufacturing orders, although the OECD said it was too early for governments to withdraw life support for the economy. Data showed orders in Europe's largest econom
Published 08 Jul, 2009 12:00am
Ogra issues notification regarding cut in POL prices

Ogra issues notification regarding cut in POL prices

The Oil and Gas Regulatory Authority (Ogra) late Tuesday night issued a notification regarding cut in petroleum products prices. New POL products prices will be as follows: Petrol Rs 50.53 per litre, light speed diesel Rs 51.40, kerosene oil Rs 52.39 and
Published 08 Jul, 2009 12:00am
Key UK finance regulations delayed

Key UK finance regulations delayed

The core of government plans to overhaul the future regulation of Britain's financial services has been delayed, possibly until after the next general election, the Daily Telegraph reported on Tuesday without citing sources. Proposals on tightening existi
Published 08 Jul, 2009 12:00am
Ogra issues notification regarding cut in POL prices

Ogra issues notification regarding cut in POL prices

The Oil and Gas Regulatory Authority (Ogra) late Tuesday night issued a notification regarding cut in petroleum products prices. New POL products prices will be as follows: Petrol Rs 50.53 per litre, light speed diesel Rs 51.40, kerosene oil Rs 52.39 and
Published 08 Jul, 2009 12:00am
French trade surprises on deficit, exports rebound

French trade surprises on deficit, exports rebound

France's trade deficit narrowed unexpectedly in May driven by a broad rebound in exports, data on Tuesday showed, providing further evidence that conditions are improving in the eurozone's second-biggest economy. Data released by the customs office showed
Published 08 Jul, 2009 12:00am
Miliband promises investment for IDPs

Miliband promises investment for IDPs

British Foreign Secretary David Miliband on Tuesday called for long-term investment to allow two million displaced to return home after an offensive against the Taliban. "In addition to humanitarian support there needs to be long-term investment so you ca
Published 08 Jul, 2009 12:00am
Airbus sales drive helps reduce French trade deficit

Airbus sales drive helps reduce French trade deficit

Sales of Airbus airliners helped the French trade balance to show a sharply reduced deficit in May on an adjusted basis, data from the customs service showed on Tuesday. The deficit fell to 2.718 billion euros (3.8 billion dollars) from 3.841 billion euro
Published 08 Jul, 2009 12:00am
Miliband promises investment for IDPs

Miliband promises investment for IDPs

British Foreign Secretary David Miliband on Tuesday called for long-term investment to allow two million displaced to return home after an offensive against the Taliban. "In addition to humanitarian support there needs to be long-term investment so you ca
Published 08 Jul, 2009 12:00am
High borrowing to crowd out Indian firms: finance minister

High borrowing to crowd out Indian firms: finance minister

Heavy borrowing by the Indian government will elbow out some private firms who wanted to raise funds, and an economic slowdown is not over despite some signs of improvement, Finance Minister Pranab Mukherjee said on Tuesday. A day after unveiling a budget
Published 08 Jul, 2009 12:00am
Government to place its view before Supreme Court: Gilani

Government to place its view before Supreme Court: Gilani

Prime Minister Syed Yousuf Raza Gilani has said that the government would place its view before the Supreme Court regarding levying carbon surcharge on petroleum products. Talking to media here on Tuesday, the Prime Minister said that the government would
Published 08 Jul, 2009 12:00am
UK factory output shrinks

UK factory output shrinks

British manufacturing output fell unexpectedly in May, denting hopes the economy has already returned to growth and raising expectations policymakers will have to do more to stimulate a recovery. Tuesday's data heightened concern the economy is still some
Published 08 Jul, 2009 12:00am
Government to place its view before Supreme Court: Gilani

Government to place its view before Supreme Court: Gilani

Prime Minister Syed Yousuf Raza Gilani has said that the government would place its view before the Supreme Court regarding levying carbon surcharge on petroleum products. Talking to media here on Tuesday, the Prime Minister said that the government would
Published 08 Jul, 2009 12:00am
EU ministers agree on flexible bank capital rules

EU ministers agree on flexible bank capital rules

European Union finance ministers agreed in principle on Tuesday to make capital rules for banks more flexible to reduce their likelihood of worsening boom-and-bust cycles in the economy. The ministers also raised doubts about a German proposal to relax te
Published 08 Jul, 2009 12:00am
Government to place its view before Supreme Court: Gilani

Government to place its view before Supreme Court: Gilani

Prime Minister Syed Yousuf Raza Gilani has said that the government would place its view before the Supreme Court regarding levying carbon surcharge on petroleum products. Talking to media here on Tuesday, the Prime Minister said that the government would
Published 08 Jul, 2009 12:00am
Lear Corp files for bankruptcy

Lear Corp files for bankruptcy

US auto parts maker Lear Corp filed for Chapter 11 bankruptcy protection on Tuesday, a day after setting out plans to restructure its $3.6 billion debt burden under a proposed deal with creditors. The filing represents the largest in a string of recent fa
Published 08 Jul, 2009 12:00am
Millions bid emotional farewell to Jackson

Millions bid emotional farewell to Jackson

A glittering gold-plated casket carried Michael Jackson on his final journey Tuesday as a world-wide audience in the hundreds of millions bid an emotional farewell to the tragic King of Pop. A day of somber but star-studded ceremonies for the music supers
Published 08 Jul, 2009 12:00am
EU nations slap duties on US biodiesel

EU nations slap duties on US biodiesel

European Union nations decided Tuesday to impose anti-dumping duties on US biodiesel imports, which are suspected to be heavily subsidised, an EU diplomat said Tuesday. The proposal, by the European Commission, was adopted by the 27-country bloc's finance
Published 08 Jul, 2009 12:00am
Millions bid emotional farewell to Jackson

Millions bid emotional farewell to Jackson

A glittering gold-plated casket carried Michael Jackson on his final journey Tuesday as a world-wide audience in the hundreds of millions bid an emotional farewell to the tragic King of Pop. A day of somber but star-studded ceremonies for the music supers
Published 08 Jul, 2009 12:00am
G8 should crack down on bribery, protectionism: OECD

G8 should crack down on bribery, protectionism: OECD

The OECD has urged G8 powers to launch a wide crackdown on unethical behaviour, from bribery to money laundering, tax evasion and bank secrecy world-wide, at their summit opening in Italy on Wednesday. Integrity in public bodies and business is the keysto
Published 08 Jul, 2009 12:00am
Punjab traders call strike on July 21

Punjab traders call strike on July 21

All Pakistan Anjuman-e-Tajiran Pakistan President Haji Maqsood Butt has announced shutter down strike all over Punjab on Tuesday (July 21). He said that if the government did not stop load shedding then the traders community will give another call for cou
Published 08 Jul, 2009 12:00am
US consumers fall behind on loans at record pace

US consumers fall behind on loans at record pace

Soaring US unemployment and a shrinking economy drove delinquencies on credit card debt and home equity loans to all-time highs in the first quarter as a record number of cash-strapped consumers fell behind on their bills. Delinquencies on the value of al
Published 08 Jul, 2009 12:00am
Punjab traders call strike on July 21

Punjab traders call strike on July 21

All Pakistan Anjuman-e-Tajiran Pakistan President Haji Maqsood Butt has announced shutter down strike all over Punjab on Tuesday (July 21). He said that if the government did not stop load shedding then the traders community will give another call for cou
Published 08 Jul, 2009 12:00am
Chinese growth would pull up Africa: AfDB chief

Chinese growth would pull up Africa: AfDB chief

African Development Bank chief Donald Kaberuka on Tuesday said he was "confident" that if China's economy were to return to double-digit growth, it would lift African growth to pre-crisis levels. "The growth of Africa... is very much driven by China's dem
Published 08 Jul, 2009 12:00am
Punjab traders call strike on July 21

Punjab traders call strike on July 21

All Pakistan Anjuman-e-Tajiran Pakistan President Haji Maqsood Butt has announced shutter down strike all over Punjab on Tuesday (July 21). He said that if the government did not stop load shedding then the traders community will give another call for cou
Published 08 Jul, 2009 12:00am
China bank regulator warns on lending risks

China bank regulator warns on lending risks

China's massive infrastructure lending is posing increasing risks for the banking system, a senior regulator said in comments published on Tuesday. Wang Huaqing, the discipline commissioner at the China Banking Regulatory Commission (CBRC), said banks sho
Published 08 Jul, 2009 12:00am
IMF upgrades South Korean economy forecasts

IMF upgrades South Korean economy forecasts

The International Monetary Fund (IMF) on Tuesday upgraded its forecasts for the South Korean economy, saying it saw a slight upside risk for Asia's fourth-largest economy although the economic outlook remains uncertain. The IMF expects the South Korean ec
Published 08 Jul, 2009 12:00am
Fiat announces factory deal with GAC of China

Fiat announces factory deal with GAC of China

Italian auto maker Fiat said Monday it had signed an agreement with the Chinese firm Guangzhou Automobile Industry Group (GAC) to build a factory in China. The deal, signed during a visit here of Chinese President Hu Jintao, calls for an investment of mor
Published 08 Jul, 2009 12:00am
Three jailed for attack on publisher in UK

Three jailed for attack on publisher in UK

Three men were jailed on Tuesday for plotting to firebomb the London home of the publisher of a controversial novel about the Holy Prophet Mohammad's (PBUH) child bride, Scotland Yard said. Ali Beheshti, 41, Abrar Mirza, 23, and Abbas Taj, 31, were each s
Published 08 Jul, 2009 12:00am
UK offshore wind ambition creating new industry

UK offshore wind ambition creating new industry

Britain's ambition to set up huge offshore wind farms is helping give birth to a new industry, despite the financial crisis that has slowed down development of onshore projects, Germany's REpower System AG said. Matthias Schubert, Chief Technical Officer
Published 08 Jul, 2009 12:00am
Brazil Meirelles sees trade finance easing

Brazil Meirelles sees trade finance easing

Brazilian Central Bank President Henrique Meirelles said lenders are rolling over more maturing trade loans, indicating growing foreign exchange inflows into the country, a local newspaper reported on Tuesday. Meirelles, speaking to farming executives in
Published 08 Jul, 2009 12:00am
Tycoons want US-Russia business reset

Tycoons want US-Russia business reset

Russia's top tycoons on Tuesday expressed hope that US President Barack Obama's visit to Russia would help boost lacklustre business ties as Moscow and Washington seek to warm up diplomatic relations. A host of Russian and US companies are aiming to capit
Published 08 Jul, 2009 12:00am
Economic stimulus cannot be ended yet: OECD chief

Economic stimulus cannot be ended yet: OECD chief

Governments risk killing economic recovery if they withdraw stimulus spending too fast, and Germany could be spending more now to secure a surer rebound, OECD Secretary General Angel Gurria told Reuters. "The name of the game is to move from a policy-driv
Published 08 Jul, 2009 12:00am
Three jailed for attack on publisher in UK

Three jailed for attack on publisher in UK

Three men were jailed on Tuesday for plotting to firebomb the London home of the publisher of a controversial novel about the Holy Prophet Mohammad's (PBUH) child bride, Scotland Yard said. Ali Beheshti, 41, Abrar Mirza, 23, and Abbas Taj, 31, were each s
Published 08 Jul, 2009 12:00am
BASF announces 3,700 job cuts

BASF announces 3,700 job cuts

The German chemical giant BASF announced on Monday 3,700 job cuts by 2013 under a deep restructuring plan that follows its take-over of the Swiss group Ciba. "The restructuring plans include a reduction of approximately 3,700 positions by 2013, most of wh
Published 08 Jul, 2009 12:00am
KESC privatisation: PC refuses public disclosure

KESC privatisation: PC refuses public disclosure

The Privatisation Commission (PC) is reported to have refused to make public the deal to sell Karachi Electric Supply Corporation (KESC), with the argument that public disclosure may result in complications in future transactions, especially in the power
Published 08 Jul, 2009 12:00am
BASF announces 3,700 job cuts

BASF announces 3,700 job cuts

The German chemical giant BASF announced on Monday 3,700 job cuts by 2013 under a deep restructuring plan that follows its take-over of the Swiss group Ciba. "The restructuring plans include a reduction of approximately 3,700 positions by 2013, most of wh
Published 08 Jul, 2009 12:00am
KESC privatisation: PC refuses public disclosure

KESC privatisation: PC refuses public disclosure

The Privatisation Commission (PC) is reported to have refused to make public the deal to sell Karachi Electric Supply Corporation (KESC), with the argument that public disclosure may result in complications in future transactions, especially in the power
Published 08 Jul, 2009 12:00am
Brazil considers trimming tax on payroll

Brazil considers trimming tax on payroll

The Brazilian government is considering trimming a 20 percent tax on payrolls to encourage hiring and make companies more competitive, newspaper Folha de Sao Paulo reported on Tuesday. The tax reduction might be between two and three percentage points, Fo
Published 08 Jul, 2009 12:00am
KESC privatisation: PC refuses public disclosure

KESC privatisation: PC refuses public disclosure

The Privatisation Commission (PC) is reported to have refused to make public the deal to sell Karachi Electric Supply Corporation (KESC), with the argument that public disclosure may result in complications in future transactions, especially in the power
Published 08 Jul, 2009 12:00am
PSA Peugeot Citroen's first half unit sales fall

PSA Peugeot Citroen's first half unit sales fall

French carmaker PSA Peugeot Citroen said sales of vehicles and knocked-down kits fell 14 percent in the first six months of the year. Leaving aside sales of completely knocked-down (CKD) kits - shipped for assembly in other markets such as Iran - sales we
Published 08 Jul, 2009 12:00am
World leaders gather in Italy for key G8 moot

World leaders gather in Italy for key G8 moot

The world's most powerful leaders gathered in Italy Tuesday on the eve of a G8 summit aimed at finding common ground on how to tackle the global economic crisis, climate change and turmoil in Iran. Leaders of the group of eight (G8) industrialised nations
Published 08 Jul, 2009 12:00am
PSA Peugeot Citroen's first half unit sales fall

PSA Peugeot Citroen's first half unit sales fall

French carmaker PSA Peugeot Citroen said sales of vehicles and knocked-down kits fell 14 percent in the first six months of the year. Leaving aside sales of completely knocked-down (CKD) kits - shipped for assembly in other markets such as Iran - sales we
Published 08 Jul, 2009 12:00am
Oil edges above $64

Oil edges above $64

Oil edged up above $64 a barrel on Tuesday, after four consecutive days of falls on worries about the economy that have brought the stock market rally to a halt and pushed the dollar higher. The market could find more direction from the American Petroleum
Published 08 Jul, 2009 12:00am
Malaysian tin ends flat

Malaysian tin ends flat

Malaysian tin ended flat on Tuesday, despite lower London Metal Exchange prices, thanks to some demand from Europe, one dealer said.
Published 08 Jul, 2009 12:00am
Malaysian palm oil slips

Malaysian palm oil slips

Malaysian crude palm oil futures dropped as much as 3.3 percent to touch a new 3-month low on Tuesday as signs that a developing El Nino episode had eased and prospects of higher production. Traders say the market is in bearish momentum, having lost more
Published 08 Jul, 2009 12:00am
Carbon surcharge on POL products suspended by Supreme Court

Carbon surcharge on POL products suspended by Supreme Court

The Supreme Court on Tuesday suspended the operation of notification issued by the Oil and Gas Regulatory Authority (Ogra) on June 30/July 1 pertaining to imposition of 'carbon surcharge' on petroleum products. The court directed the Ogra to issue a fresh
Published 08 Jul, 2009 12:00am
Tokyo rubber rises to three-week high

Tokyo rubber rises to three-week high

Key Tokyo rubber futures rose to a three-week high on Tuesday, snapping a four-day losing streak as stop orders prompted a wave of short covering in thin volumes. The key Tokyo Commodity Exchange rubber contract for December delivery rose as high as 166.2
Published 08 Jul, 2009 12:00am
World leaders gather in Italy for key G8 moot

World leaders gather in Italy for key G8 moot

The world''s most powerful leaders gathered in Italy Tuesday on the eve of a G8 summit aimed at finding common ground on how to tackle the global economic crisis, climate change and turmoil in Iran. Leaders of the group of eight (G8) industrialised nation
Published 08 Jul, 2009 12:00am
US soybeans dive

US soybeans dive

US soybean futures on the Chicago Board of Trade fell 3.5 percent on Monday, pressured by nonthreatening Midwest crop weather, a stronger dollar and spillover selling from other commodities, traders said. US crop growing conditions nearly ideal. Warmer we
Published 08 Jul, 2009 12:00am
World leaders gather in Italy for key G8 moot

World leaders gather in Italy for key G8 moot

The world's most powerful leaders gathered in Italy Tuesday on the eve of a G8 summit aimed at finding common ground on how to tackle the global economic crisis, climate change and turmoil in Iran. Leaders of the group of eight (G8) industrialised nations
Published 08 Jul, 2009 12:00am
New York sugar easier

New York sugar easier

Raw sugar futures finished sharply lower on Monday on investor liquidation as part of a correction from a three-year top, but short-covering pruned the market's losses, brokers said. The market was closed Friday for US Independence Day. The key October ra
Published 08 Jul, 2009 12:00am
Carbon surcharge on POL products suspended by Supreme Court

Carbon surcharge on POL products suspended by Supreme Court

The Supreme Court on Tuesday suspended the operation of notification issued by the Oil and Gas Regulatory Authority (Ogra) on June 30/July 1 pertaining to imposition of ''carbon surcharge'' on petroleum products. The court directed the Ogra to issue a fre
Published 08 Jul, 2009 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper rose 1 percent on Tuesday, tracking a rebound in London copper in late-hour trading in the previous session, but gains could be curbed by a gloomy outlook on the economy and demand. A research group said the US job market weakened in June
Published 08 Jul, 2009 12:00am
Carbon surcharge on POL products suspended by Supreme Court

Carbon surcharge on POL products suspended by Supreme Court

The Supreme Court on Tuesday suspended the operation of notification issued by the Oil and Gas Regulatory Authority (Ogra) on June 30/July 1 pertaining to imposition of 'carbon surcharge' on petroleum products. The court directed the Ogra to issue a fresh
Published 08 Jul, 2009 12:00am
US rice futures suffer set back

US rice futures suffer set back

US rice futures on the Chicago Board of Trade fell on Monday, setting back from last week's rally due to a stronger dollar, spillover selling from other commodities and good crop growing weather, traders said. July rice settled 33-1/2 cents lower at $12.4
Published 08 Jul, 2009 12:00am
IMF supports carbon surcharge, says Ross

IMF supports carbon surcharge, says Ross

The International Monetary Fund (IMF) fully supports the carbon surcharge on petroleum products. In answer to a Business Recorder question with regard to imposition of carbon surcharge on POL products in 2009-10 budget, the Resident Representative
Published 08 Jul, 2009 12:00am
US copper down

US copper down

US copper futures ended down on Monday, but bounced from their lows as chart-based buying near key technical support levels helped offset earlier losses tied to concerns about the strength of the economic recovery, analysts said. Copper for September deli
Published 08 Jul, 2009 12:00am
IMF supports carbon surcharge, says Ross

IMF supports carbon surcharge, says Ross

The International Monetary Fund (IMF) fully supports the carbon surcharge on petroleum products. In answer to a Business Recorder question with regard to imposition of carbon surcharge on POL products in 2009-10 budget, the Resident Representative
Published 08 Jul, 2009 12:00am
Activity improves on cotton market

Activity improves on cotton market

Firmness prevailed on the cotton market on Tuesday as supply of fine quality was tight but demand is rising gradually by the mills, dealers said. The official spot rate remained at its overnight level at Rs 3375. Phutti prices in both the Punjab and Sindh
Published 08 Jul, 2009 12:00am
Supreme Court decision to be implemented: Asim

Supreme Court decision to be implemented: Asim

The Advisor to Prime Minister on Petroleum and Natural Resources, Dr Asim Hussain, said here on Tuesday that the decision of the apex court would be implemented and the prices of petroleum products would be reduced. Talking to media after Supreme Court de
Published 08 Jul, 2009 12:00am
Rates move both ways in modest trade on seed, grain market

Rates move both ways in modest trade on seed, grain market

Modest trading was seen on the wholesale grain and seed market on Tuesday as buyers took some interest in the fresh deals, dealers said. On the cereal side sugar low type shed Rs 25 to Rs 4300 while the best type did not show any change at Rs 5000, gur lo
Published 08 Jul, 2009 12:00am
Supreme Court decision to be implemented: Asim

Supreme Court decision to be implemented: Asim

The Advisor to Prime Minister on Petroleum and Natural Resources, Dr Asim Hussain, said here on Tuesday that the decision of the apex court would be implemented and the prices of petroleum products would be reduced. Talking to media after Supreme Court de
Published 08 Jul, 2009 12:00am
Oil cake market rates

Oil cake market rates

Rising trend was seen on the forward cottonseed oil cake market on Tuesday, buyers were active to cover the forward buying, dealers said. The July vaida opened with a gain of 70 paisa at Rs 994.20 and the December contract commenced with solid gain of Rs
Published 08 Jul, 2009 12:00am
Supreme Court decision to be implemented: Asim

Supreme Court decision to be implemented: Asim

The Advisor to Prime Minister on Petroleum and Natural Resources, Dr Asim Hussain, said here on Tuesday that the decision of the apex court would be implemented and the prices of petroleum products would be reduced. Talking to media after Supreme Court de
Published 08 Jul, 2009 12:00am
Bangladesh importers want India to cut wheat prices

Bangladesh importers want India to cut wheat prices

Bangladesh's wheat importers asked India on Tuesday to cut wheat prices, allowing them to buy more of the grain from their neighbour's bulging stockpiles. "The price of wheat in India is much higher than in the international market," said K.A. Mannan, a l
Published 08 Jul, 2009 12:00am
Four foreigners among 16 killed in US missile attack

Four foreigners among 16 killed in US missile attack

At least sixteen suspected terrorists including four foreigners were killed, when US drones attacked the training centre of the Tehreek-e-Taliban Pakistan (TTP) chief Baitullah Mehsud in Makeen area of South Waziristan Agency. Four foreigners were among t
Published 08 Jul, 2009 12:00am
EU wheat falls with US; harvest pressure grows

EU wheat falls with US; harvest pressure grows

European Union wheat prices mostly eased on Monday, pressured by a drop in Chicago, weakness in oil and financial markets and the advancing winter grains harvest in the United States and Europe. Milling wheat futures in Paris fell in line with Chicago whe
Published 08 Jul, 2009 12:00am
Four foreigners among 16 killed in US missile attack

Four foreigners among 16 killed in US missile attack

At least sixteen suspected terrorists including four foreigners were killed, when US drones attacked the training centre of the Tehreek-e-Taliban Pakistan (TTP) chief Baitullah Mehsud in Makeen area of South Waziristan Agency. Four foreigners were among t
Published 08 Jul, 2009 12:00am
Manila extends zero duty on wheat imports

Manila extends zero duty on wheat imports

The Philippines has decided to restore a 7 percent tariff on feed wheat imports and extend a zero duty on imports of food wheat for another six months, Trade Secretary Peter Favila said on Tuesday. Import tariffs on both food and feed wheat were lowered t
Published 08 Jul, 2009 12:00am
US wants strong but democratic Russia: Obama

US wants strong but democratic Russia: Obama

President Barack Obama said Tuesday the United States wanted a strong, prosperous but also democratic Russia, as he set out his vision of the US relationship with its former Cold-War era foe. In the most eagerly awaited address of his two-day visit to Mos
Published 08 Jul, 2009 12:00am
US wheat futures drop to four-month low

US wheat futures drop to four-month low

US wheat futures fell to a four-month low on Monday on active harvesting of the US winter wheat crop, a strong dollar and concerns about the global economy. Corn fell to a one-week low while soybeans slipped back to the lowest level in a week on near-perf
Published 08 Jul, 2009 12:00am
Previous Day