AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-08-18
Hearing of Dr Aafia's recovery petition adjourned

Hearing of Dr Aafia's recovery petition adjourned

The Lahore High Court (LHC) here on Monday adjourned till August 27 the hearing of a habeas corpus petition seeking recovery of Dr Aafia Siddiqui from American detention as deputy attorney general sought time to file comments as ministries of Foreign Affa
Published 18 Aug, 2009 12:00am
PSEB urged to explore opportunities in Chinese banking sector

PSEB urged to explore opportunities in Chinese banking sector

The NetSol Technologies Limited Chairman and Chief Executive Officer Salim Ghauri has urged the Pakistan Software Export Board (PSEB) to constitute a task force immediately to explore the automation opportunities in China. China is an immediate opportunit
Published 18 Aug, 2009 12:00am
PSEB urged to explore opportunities in Chinese banking sector

PSEB urged to explore opportunities in Chinese banking sector

The NetSol Technologies Limited Chairman and Chief Executive Officer Salim Ghauri has urged the Pakistan Software Export Board (PSEB) to constitute a task force immediately to explore the automation opportunities in China. China is an immediate opportunit
Published 18 Aug, 2009 12:00am
Betterment of people our main objective: Kaira

Betterment of people our main objective: Kaira

Federal Minister for Information and Broadcasting, Qamar Zaman Kaira on Monday said betterment of all Pakistanis is prime focus of PPP-led government, as numerous measures have been adopted to put the country on a right constitutional and democratic path.
Published 18 Aug, 2009 12:00am
13 terrorists killed, base camp destroyed in Swat

13 terrorists killed, base camp destroyed in Swat

Security Forces (SF) have destroyed a base camp of terrorists in Shaheed Sar village of Sar Qila Swat valley, killed 13 terrorists, arrested eight others besides recovering huge cache of arms, ammunition and explosive in 'Operation Rah e Raast' in Swat an
Published 18 Aug, 2009 12:00am
Senate panel for increasing salaries of Levies, Khasadar forces in Fata

Senate panel for increasing salaries of Levies, Khasadar forces in Fata

The Senate panel on States and Frontiers Regions (Safron) has demanded the government to increase the salaries of Levies and Khasadar forces personnel-an organ of law enforcement agencies-as they are getting only Rs 2,600, while militants are paid Rs 10,0
Published 18 Aug, 2009 12:00am
METRO Cash & Carry supports Sindh government's school programme

METRO Cash & Carry supports Sindh government's school programme

METRO Cash & Carry has fulfilled its Corporate Social Responsibility by working in close co-ordination with the Education Department Government of Sindh on a school facility, the Government Primary School. This is for the second time, under its global Car
Published 18 Aug, 2009 12:00am
Malakand University: Shringle campus to get university status

Malakand University: Shringle campus to get university status

NWFP Governor Owais Ahmed Ghani has said that the Shringle campus of Malakand University in Upper Dir district would soon be upgraded to the status of a complete University, adding that efforts were afoot for construction of a new campus building and appo
Published 18 Aug, 2009 12:00am
Sindh government rejects customs claim on unclaimed vehicles

Sindh government rejects customs claim on unclaimed vehicles

The Sindh government has rejected the claim of the Pakistan Customs over the ownership of at least 82 vehicles lying with the Central Vehicle Pool, commonly known as Nazarat, saying that it is the property of the provincial government, it is reliably lear
Published 18 Aug, 2009 12:00am
JPMC likely to start evening shift: Senator

JPMC likely to start evening shift: Senator

Jinnah Postgraduate Medical Centre (JPMC), a federal government-run hospital, is likely to start evening shift to cater the need of 20 million people of Sindh. This was stated by Kalsoom Parveen, Chairperson Senate Standing Committee on Health while addre
Published 18 Aug, 2009 12:00am
Poultry and livestock contributed 1.1 percent to GDP in fiscal year 2009

Poultry and livestock contributed 1.1 percent to GDP in fiscal year 2009

Poultry and livestock sector generated Rs 18.8 billion revenue during 2008-09, contributing 1.1 percent to the GDP, hence timely preventive measures are necessary to eliminate spread of diseases, like avian influenza associated with the industry, and to b
Published 18 Aug, 2009 12:00am
Action against profiteers, hoarders initiated in Hyderabad

Action against profiteers, hoarders initiated in Hyderabad

The Revenue Officers having special judicial powers have initiated action against the profiteers and hoarders of edible items in Hyderabad district. The DCO Hyderabad Aftab Ahmed Khatri saying this further said that the Revenue Magistrates have been direc
Published 18 Aug, 2009 12:00am
FBR selects 231 companies for composite audit

FBR selects 231 companies for composite audit

The Federal Board of Revenue (FBR) has sent a list of some 231 companies to Karachi Regional Tax Office (RTO) for composite audit of sales tax and income tax, which is expected to start in about two weeks. Sources told Business Recorder on Monday t
Published 18 Aug, 2009 12:00am
Ecnec likely to approve $1.58 billion KCR project

Ecnec likely to approve $1.58 billion KCR project

The Executive Committee of National Economic Council (Ecnec) is likely to approve the much delayed $1.58 billion Karachi Circular Railway (KCR) project in its meeting on Thursday. According to sources, the project has been included in the agenda of Ecnec'
Published 18 Aug, 2009 12:00am
Need for five-year leather policy stressed

Need for five-year leather policy stressed

Pakistan's leather sector has potential to push up the exports of leather and leather products five times ie to $5 billion, provided an incentive package in line with the textile sector is announced for the leather industry.
Published 18 Aug, 2009 12:00am
SAI's preparations to hold 'Eid Bachat Bazaar' afoot

SAI's preparations to hold 'Eid Bachat Bazaar' afoot

The Site Association of Industry (SAI) has started its preparations to hold its annual Eid Bachat Bazaar, which would start from August 26, 2009 continue till September 9, 2009. Sindh Governor Dr Ishratul Ibad Khan, would inaugurate the Bazaar. The SAI ha
Published 18 Aug, 2009 12:00am
UHS holds seminar

UHS holds seminar

The University of Health Sciences (UHS) has organised a national symposium on Recent Trends in Pharmacotherapy here on Monday. The symposium was arranged by pharmacology department of the university. UHS Vice Chancellor Professor M H Mubbashar inaugurated
Published 18 Aug, 2009 12:00am
Cardiac surgery to start at FIC from October

Cardiac surgery to start at FIC from October

In pursuance of directions of Chief Minister Punjab Mohammad Shahbaz Sharif, internationally known and well-reputed cardiologists as well as cardiac surgeons are being recruited at Faisalabad Institute of Cardiology (FIC) while cardiac surgery will be sta
Published 18 Aug, 2009 12:00am
Monetary policy statement: a cautious, prudent approach

Monetary policy statement: a cautious, prudent approach

It was not a secret that the State Bank of Pakistan (SBP) was going to ease the monetary policy of the country. Basing their argument mainly on a consistent decline in the inflation rate, its top officials had been hinting at such a possibility in the rec
Published 18 Aug, 2009 12:00am
Trade policy more creative, less innovative

Trade policy more creative, less innovative

The Professor of Harvard University, Theodore Levitt, once said that the trouble with much of the advice that businesses get today, about the need to be more vigorously creative, is that its advocates often fail to distinguish between creativity and innov
Published 18 Aug, 2009 12:00am
Balkan loan guarantors struggle to pay others' debts

Balkan loan guarantors struggle to pay others' debts

When Alma, a Bosnian single mother of two, agreed to act as a loan guarantor for a colleague, she never imagined the day would come when she would actually have to pay the debt. Yet that is exactly what happened to the Sarajevo high school administrator w
Published 18 Aug, 2009 12:00am
Talibanization and women's rights

Talibanization and women's rights

To stop anarchy and establish a Pashtun-dominated government in Afghanistan, a movement arose called the Taliban. The Taliban are actually the by-product of the Russian invasion and the subsequent civil war in that country. Many of them were educated in m
Published 18 Aug, 2009 12:00am
Rich tributes paid to Faraz

Rich tributes paid to Faraz

Rich tributes were paid to the popular and revolutionary poet Ahmed Faraz Sunday night at a function held on his 1st death anniversary. The programme held at Jackson Hights, Queens, New York City in collaboration of Khyber Society and cultural organisatio
Published 18 Aug, 2009 12:00am
Delay in completion of Ferozepur road causes hardships

Delay in completion of Ferozepur road causes hardships

Commuters and motorists have to face grave hardships due to extremely slow pace of work on dualisation of Ferozepur road from Chungi Amarsadhu to Kasur as its portion along the drain and median at various places is yet to be compacted and carpeted.
Published 18 Aug, 2009 12:00am
Homage paid to Niaz A Naik: condolence meeting held

Homage paid to Niaz A Naik: condolence meeting held

A condolence meeting for late Foreign Secretary Niaz A Naik was held at the Foreign Office Monday. The meeting was attended by Foreign Minister Makhdoom Shah Mahmood Qureshi, Foreign Secretary Salman Bashir, Former Foreign Minister Abdul Sattar, Former Se
Published 18 Aug, 2009 12:00am
Big surge seen in fruit, vegetable, commodity prices in Multan

Big surge seen in fruit, vegetable, commodity prices in Multan

Big surge in the prices of fruits, vegetables and chicken meat was observed on Monday in Multan, Dera Ghazi Khan and Bahawalpur divisions ahead of Ramazan while unavailability of sugar was also witnessed. Despite the government's claims, sugar was not see
Published 18 Aug, 2009 12:00am
11th Asian Arts Festival: cultural troupe leaves for China

11th Asian Arts Festival: cultural troupe leaves for China

A 14-member cultural troupe from Ministry of Culture has left here for China to participate and perform at 11th Asian Arts Festival. The delegation comprises the members of National Performing Arts Group that will participate in a series of rich and color
Published 18 Aug, 2009 12:00am
Subsidised wheat flour to be available at Ramazan bazaars

Subsidised wheat flour to be available at Ramazan bazaars

The wheat flour will be available at highly subsidised rate of Rs 200 per 20-kilogram bag at Ramazan bazaars. Divisional Commissioner Hassan Iqbal said on Monday that sugar would be available at those bazaars at Rs 40 per kg, whereas it was being sold in
Published 18 Aug, 2009 12:00am
Park to be built at Khyaban-e-Warsak: MPA

Park to be built at Khyaban-e-Warsak: MPA

Member Provincial Assembly Atifur Rehman has affirmed his commitment that 8 kanal land would be taken on lease for the period of eight years to establish a park and playground here at Khyaban-e-Warsak area and funds have been allocated for the development
Published 18 Aug, 2009 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold futures took a steep drop on Monday, to their lowest level in 2-1/2 weeks, as the dollar advanced on the euro and a 2 percent drop in crude oil prices diminished its use as a hedge against inflation. December gold slipped $14.20, or 1.50 percent, to
Published 18 Aug, 2009 12:00am
US MIDDAY: soya and wheat dive

US MIDDAY: soya and wheat dive

Chicago Board of Trade soyabeans dived early Monday on technical weakness and prospects for a record-large US soya crop amid ideal growing conditions, traders said. New-crop November soya slipped below key support of $9.80 during the overnight session, tr
Published 18 Aug, 2009 12:00am
US MIDDAY: copper plunges

US MIDDAY: copper plunges

US copper futures gave up ground in heavy selling early on Monday as investors became more wary of risky assets and sold commodities across the board, keying off of sharp declines in oil prices and an increase in the dollar against the euro, traders said.
Published 18 Aug, 2009 12:00am
Gold and silver slide in European trade

Gold and silver slide in European trade

Gold slid towards $930 an ounce in Europe on Monday as rising risk aversion boosted the dollar and knocked oil prices and equity markets lower. Meanwhile silver tumbled nearly 6 percent and was on track for its biggest one-day fall since January, as its d
Published 18 Aug, 2009 12:00am
US MIDDAY: coffee and cocoa sink; sugar down

US MIDDAY: coffee and cocoa sink; sugar down

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Monday. December coffee down 3.95 cents, or 3 percent, at $1.2840 per lb at 11:01 am EDT (1501 GMT). Session range from $1.3150 to $1.2795, the lowest since July 31. Arabica futures
Published 18 Aug, 2009 12:00am
London sugar, cocoa and coffee fall

London sugar, cocoa and coffee fall

Sugar, cocoa and coffee futures fell on investor selling on Monday as doubts about the strength of a global economic recovery weighed on equities and oil prices and drove up the US dollar. The dollar firmed as economic worries triggered a risk asset sell-
Published 18 Aug, 2009 12:00am
Oil slips to below $67

Oil slips to below $67

Oil slipped 1 percent to below $67 a barrel on Monday as investors became more cautious about the pace of global economic recovery and a potential revival in energy demand. US equities fell broadly, pressured by persistent concern for the global economy,
Published 18 Aug, 2009 12:00am
Copper and nickel dip

Copper and nickel dip

Copper eased on Monday as uncertainty over the economic recovery caused industrial metals to pull back, with investors still concerned over the demand outlook against a backdrop of weak fundamentals. Copper for three-month delivery on the London Metal Exc
Published 18 Aug, 2009 12:00am
FTSE declines 1.5 percent

FTSE declines 1.5 percent

Britain's top share index fell 1.5 percent by the close on Monday with heavyweight mining, oil and banking stocks leading the losers, as global markets retracted amid concerns over the pace of global recovery. The FTSE 100 closed 68.96 points lower at 4,6
Published 18 Aug, 2009 12:00am
New York cotton futures settle lower

New York cotton futures settle lower

Cotton futures finished easier on Monday on follow-through investor liquidation and the weak tone of global stock and commodity markets, brokers said. The December cotton contract in New York dropped 1.71 cents to end at 59.41 cents per lb, trading from 5
Published 18 Aug, 2009 12:00am
European shares hit lowest close since July 29

European shares hit lowest close since July 29

European shares fell to their lowest close in more than two weeks on Monday, as investors took profits, worrying that a recent rally was not supported by economic data. The FTSEurofirst 300 index of top European shares fell 2 percent to 921.96 points, the
Published 18 Aug, 2009 12:00am
Chinese shares end lower 5.79 percent

Chinese shares end lower 5.79 percent

Chinese shares closed down 5.79 percent on Monday, extending last week's decline amid continued worries over the state of the domestic economy and corporate earnings, dealers said. The Shanghai Composite Index, which covers A and B shares, was down 176.34
Published 18 Aug, 2009 12:00am
Monday's midday trade: Wall Street falls on recovery concerns

Monday's midday trade: Wall Street falls on recovery concerns

US stocks slid on Monday, dropping after a bleak outlook from home improvement giant Lowe's and weak economic figures from Japan reignited concerns about world demand. Lowe's stock was down about 8 percent after the company gave an outlook that fell short
Published 18 Aug, 2009 12:00am
Indian shares tumble

Indian shares tumble

Indian shares slid 4.07 percent on Monday, led by a sell-off across Asian and European markets on concerns about global economic recovery, dealers said. The benchmark 30-share Sensex index fell 626.71 points to 14,784.92, its sharpest fall in nearly six w
Published 18 Aug, 2009 12:00am
European CDS widen

European CDS widen

European credit derivatives spreads widened on Monday, along with a slump in global stock markets, on concerns that recent market gains had outpaced an economic recovery that will be slow and halting. By 1346 GMT, the investment-grade Markit iTraxx Europe
Published 18 Aug, 2009 12:00am
Asian bond spreads widen to three-week high

Asian bond spreads widen to three-week high

Asian bond spreads widened to their highest in three weeks on Monday as weak US consumer confidence soured investor appetite for riskier assets, while supply concerns haunted Philippine sovereign bonds. Philippine dollar bonds weakened to two-week lows af
Published 18 Aug, 2009 12:00am
European CDS widen

European CDS widen

European credit derivatives spreads widened on Monday, along with a slump in global stock markets, on concerns that recent market gains had outpaced an economic recovery that will be slow and halting. By 1346 GMT, the investment-grade Markit iTraxx Europe
Published 18 Aug, 2009 12:00am
Asian bond spreads widen to three-week high

Asian bond spreads widen to three-week high

Asian bond spreads widened to their highest in three weeks on Monday as weak US consumer confidence soured investor appetite for riskier assets, while supply concerns haunted Philippine sovereign bonds. Philippine dollar bonds weakened to two-week lows af
Published 18 Aug, 2009 12:00am
Dollar Libor climbs

Dollar Libor climbs

US Treasury bill rates held steady on Monday despite a safe-haven stampede into bonds from stocks, as investors preferred long-dated Treasuries over short-dated issues. Doubts over a rapid economic recovery intensified demand for low-risk assets, but inve
Published 18 Aug, 2009 12:00am
Sterling falls broadly

Sterling falls broadly

Sterling fell broadly on Monday, hitting its lowest level in a month against the dollar as falling equities and oil prices encouraged investors to shun perceived higher risk currencies. The pound was also dented by an earlier survey showing a fall in UK h
Published 18 Aug, 2009 12:00am
Indian rupee falls most in 5-1/2 months

Indian rupee falls most in 5-1/2 months

The Indian rupee posted its biggest one-day drop in five-and-a-half months on Monday, bogged down by a sharp sell-off in local shares and hefty gains in the dollar versus higher-yielding currencies. The partially convertible rupee fell to an intraday low
Published 18 Aug, 2009 12:00am
Euro, high-yielders fall in London trade

Euro, high-yielders fall in London trade

The euro hit a two-week low against the dollar and the yen on Monday after weak global shares and oil prices ruined traders' appetite for risk and battered currencies seen to be high-risk. The yen rallied across the board, while the higher-yielding Austra
Published 18 Aug, 2009 12:00am
Russia finds mystery merchant ship, crew alive

Russia finds mystery merchant ship, crew alive

Russia's navy on Monday found a missing merchant ship in the Atlantic Ocean near the Cape Verde islands, ending a saga that has baffled maritime authorities for weeks. The fate of the bulk carrier Arctic Sea and its 15-man Russian crew has been cloaked in
Published 18 Aug, 2009 12:00am
Hurricane Bill gains punch as first of Atlantic season

Hurricane Bill gains punch as first of Atlantic season

The first hurricane of the Atlantic storm season, Bill, strengthened Monday as it churned toward the US mainland, while another sizeable storm, Claudette, lost punch at landfall, weather officials said. "Bill could become a major hurricane by Wednesday,"
Published 18 Aug, 2009 12:00am
Returned Afghan general throws weight behind Karzai

Returned Afghan general throws weight behind Karzai

One of Afghanistan's most notorious militia leaders threw his support behind President Hamid Karzai on Monday, the final day of campaigning for this week's tense election. With the outcome of Thursday's ballot hanging on the threat of Taliban-led violence
Published 18 Aug, 2009 12:00am
Iranian police clash with protesters over daily

Iranian police clash with protesters over daily

Iranian police used batons to disperse dozens of opposition supporters chanting "death to the dictator" in downtown Tehran on Monday following the reported closure of a reformist newspaper, a witness said. The latest street unrest after Iran's disputed Ju
Published 18 Aug, 2009 12:00am
British general 'clarifies' views on Afghanistan

British general 'clarifies' views on Afghanistan

Britain's incoming army chief said on Monday comments he made earlier this month about the conflict in Afghanistan lasting up to 40 years were misconstrued. General David Richards, who takes over as chief of the defence staff on August 28, said in a state
Published 18 Aug, 2009 12:00am
China study urges greenhouse gas caps, peak in 2030

China study urges greenhouse gas caps, peak in 2030

China should set firm targets to limit greenhouse gas emissions so they peak around 2030, a study by some of the nation's top climate change policy advisers has proposed ahead of contentious talks on a new global warming pact. The call for "quantified tar
Published 18 Aug, 2009 12:00am
Suicide truck bomber kills 20 in Russia's Ingushetia

Suicide truck bomber kills 20 in Russia's Ingushetia

A suicide truck bomber killed 20 people and wounded 138 at a police headquarters in Ingushetia on Monday, the deadliest attack in the mainly Muslim North Caucasus since 2005 and a fresh threat to Moscow's control of its southern flank.
Published 18 Aug, 2009 12:00am
North Korea reopens to South

North Korea reopens to South

North Korea said on Monday it would reopen its border with the South, ending a self-imposed 9-month blockade on a vital source of cash for its leaders as their ravaged economy is squeezed by tightening UN sanctions. It is the latest step by the hermit Nor
Published 18 Aug, 2009 12:00am
Chiluba cleared in Zambia graft case

Chiluba cleared in Zambia graft case

Zambia's ex-president Frederick Chiluba, known for flashy suits and custom elevator shoes, on Monday was cleared of charges that he embezzled 500,000 dollars in public funds during his decade in power. "We are satisfied beyond reasonable doubt that the pr
Published 18 Aug, 2009 12:00am
Thousands of Thaksin supporters seek Thai royal pardon

Thousands of Thaksin supporters seek Thai royal pardon

More than 30,000 "Red Shirt" supporters of Thaksin Shinawatra handed in a petition Monday seeking a royal pardon for Thailand's fugitive former premier, deepening the kingdom's political rifts. Organisers said they had collected at least 3.5 million signa
Published 18 Aug, 2009 12:00am
Abundant west Europe wheat crop expected

Abundant west Europe wheat crop expected

A late surge in wheat yields in France and Germany, the EU's two biggest producers, should leave western Europe with a large crop that could keep stocks high and prices subdued this season, analysts said. Farmers were only part-way through harvesting in m
Published 18 Aug, 2009 12:00am
Large Ukraine grain firm builds new river terminal

Large Ukraine grain firm builds new river terminal

A large Ukrainian grain producer and trader, Nibulon, has begun building a new grain river terminal on the Dnepr river in central Ukraine in a bid to increase exports, the company said on Monday. Earlier this year the company said it would also invest $15
Published 18 Aug, 2009 12:00am
Asian naphtha cracks at three-session high

Asian naphtha cracks at three-session high

Asian naphtha crack recovered to a three-session high on Monday, as sellers are expecting South Korean petrochemical makers to start replenishing stocks at a time when supplies have stayed tight. Traders have gotten past the shock that South Korea's top e
Published 18 Aug, 2009 12:00am
Bangladesh fixes sugar prices to keep market stable

Bangladesh fixes sugar prices to keep market stable

Bangladesh sugar refiners have agreed to fix the price of refined sugar at 39 taka ($0.57) per kg at the mill-gate following a meeting with government, officials said on Monday. The agreement came two days after the government had withdrawn an import duty
Published 18 Aug, 2009 12:00am
Russia's grain export prices fall fast

Russia's grain export prices fall fast

Most Russian grain exporters kept lowering bid prices last week, but domestic prices did not follow suit rapidly enough, analysts said on Monday. Export prices declined to $172 per tonne for ordinary milling wheat and to $132 per tonne for feed barley, bo
Published 18 Aug, 2009 12:00am
US Midwest soya bids tumble

US Midwest soya bids tumble

Spot soyabean basis bids in the US Midwest tumbled Monday as rains across the grain belt improved crop prospects and cut CBOT futures, dealers said. Corn basis bids were steady to lower, with one Ohio dealer saying that farmers in his area were "scared" w
Published 18 Aug, 2009 12:00am
Drought to affect harvest in China's main corn area

Drought to affect harvest in China's main corn area

Dry weather since late July has spread further into China's largest corn producing area in north-eastern Jilin province, hitting the crop at a critical period and threatening to hurt this year's harvest, agricultural officials said on Monday.
Published 18 Aug, 2009 12:00am
South Korea July coal imports up

South Korea July coal imports up

South Korea's imports of heating coal in July rose 3.7 percent from a year earlier, customs data showed on Monday. South Korea imported 8.97 million tonnes of coal in July, up from 8.65 million tonnes a year earlier, the Korea Customs Service said. Howeve
Published 18 Aug, 2009 12:00am
Indian iron ore body sees prices softening

Indian iron ore body sees prices softening

Indian iron ore prices should soften to $55-$60 a tonne free-on-board by December from about $80 currently, an official at the Federation of Indian Mineral Industries (FIMI) said on Monday. Prices would extend a recent fall as Chinese steel mills are expe
Published 18 Aug, 2009 12:00am
CIF Gulf nearby soya basis value falls

CIF Gulf nearby soya basis value falls

Nearby basis values for soyabeans shipped by barge to the US Gulf fell early on Monday amid easing fears of overly tight supplies ahead of the new-crop harvest, while deferred soya basis was about steady, traders said. Corn and wheat basis bids were mostl
Published 18 Aug, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 233,908 tonnes of cargo including 164,084 tonnes import and 69,824 tonnes export cargo including 4,252 empty and loaded containers during last 48 hours ending at 0700 hours on Monday. The cargo comprised of 179,469 tonnes dry carg
Published 18 Aug, 2009 12:00am
Murray masters Montreal

Murray masters Montreal

Andy Murray has seized the momentum a fortnight before the US Open, the Scot exploding into form with his fifth title of the season Sunday at the Montreal Masters. Besides starting the week with a freshly minted world number two ranking, the only British
Published 18 Aug, 2009 12:00am
Ivorian cocoa arrivals fall

Ivorian cocoa arrivals fall

Cocoa arrivals at ports in top grower Ivory Coast reached around 1,115,000 tonnes by August 16, exporters estimated on Monday, compared with 1,306,265 tonnes in the same period of the previous season. Exporters estimated around 4,000 tonnes of beans were
Published 18 Aug, 2009 12:00am
ATP world rankings

ATP world rankings

Andy Murray was confirmed as World No 2 by the ATP on Monday busting the four-year stranglehold of the top two positions held by Roger Federer and Rafael Nadal. The 22-year-old Scot was already assured of supplanting Nadal ahead of Sunday's final of the M
Published 18 Aug, 2009 12:00am
Multi-tasking Dilshan set to open against Kiwis

Multi-tasking Dilshan set to open against Kiwis

Tillakaratne Dilshan will add another feather to his all-rounder's cap when he opens the batting for Sri Lanka in the first Test against New Zealand here from Tuesday. Dilshan agreed to open to lend balance to the team despite playing all his 55 Tests so
Published 18 Aug, 2009 12:00am
Jankovic wins Cincinnati Open

Jankovic wins Cincinnati Open

Serbia's Jelena Jankovic boosted her US Open hopes with a brisk 6-4, 6-2 victory over world number one Dinara Safina on Sunday in the final of the two million-dollar WTA Cincinnati Open. "My smile is back and I'm having fun playing the matches," said Jank
Published 18 Aug, 2009 12:00am
Flintoff facing heavy burden as England omit Kevin Pietersen

Flintoff facing heavy burden as England omit Kevin Pietersen

Injury prone all-rounder Andrew Flintoff faces a taxing schedule after being named in all three of England's one-day squads here on Monday - each one missing injured batsman Kevin Pietersen. Flintoff, who is set to make his farewell to Test cricket in thi
Published 18 Aug, 2009 12:00am
Asia celebrates historic major win

Asia celebrates historic major win

Asia celebrated on Monday after unheralded Yang Yong-Eun stunned Tiger Woods to become the region's first major-winner, capping a years-long boom in the fast-growing market. Golf fans from politicians to office workers watched on live TV as South Korea's
Published 18 Aug, 2009 12:00am
Chinese yuan flat against dollar

Chinese yuan flat against dollar

Spot yuan eased against the dollar on Monday while data issued by the Bank for International Settlements (BIS) over the weekend showed that the yuan fell slightly against a trade-weighted basket of currencies. Offshore one-year dollar/yuan non-deliverable
Published 18 Aug, 2009 12:00am
New Zealand dollar falls

New Zealand dollar falls

The New Zealand dollar fell more than one percent on Monday as renewed doubt about a US economic recovery and falling stock markets triggered selling in riskier, higher yielding currencies. It came under pressure after US consumer confidence fell in Augus
Published 18 Aug, 2009 12:00am
Asian currencies: peso and ringgit at multi-week lows

Asian currencies: peso and ringgit at multi-week lows

The Malaysian ringgit and Philippine peso hit multi-week lows on Monday as investors dumped Asian stocks after a further deterioration in US consumer confidence dented hopes of a quick global recovery. The Australian and New Zealand dollars lost ground as
Published 18 Aug, 2009 12:00am
Kenyan shilling falls

Kenyan shilling falls

Kenya's shilling slid against the dollar on Monday due to demand for the US currency from banks and corporate customers who were taking advantage of relative shilling strength. The commercial banks posted the unit at 76.55/65 against the dollar compared w
Published 18 Aug, 2009 12:00am
Yen up as investors book profits

Yen up as investors book profits

The yen rose on Monday, hitting its highest in more than two weeks against the euro, as weak US consumer morale clouded the outlook for a quick global recovery and spurred profit-taking in commodity-linked currencies. The Australian and New Zealand dollar
Published 18 Aug, 2009 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 69.06/69.06 (previous 69.06/69.06). Call Money Rates: 0.10-3.00 percent (previous 0.10-3.00 percent).
Published 18 Aug, 2009 12:00am
Australian dollar falls

Australian dollar falls

The Australian dollar fell on Monday, hitting a two-week low against the yen, as investors cut heavy bets after disappointing US data cast a doubt over the strength of a recovery in the world economy. The Aussie dropped over 2 US cents to $0.8206 from $0.
Published 18 Aug, 2009 12:00am
Swiss franc lower

Swiss franc lower

The Swiss franc was near flat against the euro and edged lower versus the dollar on Monday as investors eyed a series of economic indicators due in the coming days for signs of a recovery. First up is Swiss trade data for June, which UBS analyst Reto Huen
Published 18 Aug, 2009 12:00am
Hong Kong dollar rangebound

Hong Kong dollar rangebound

The Hong Kong dollar held within a narrow range against the US dollar on Monday and dealers said there was commercial demand for both currencies. However, sentiment was damped by a sharp sell-off in the domestic stock market. The local currency traded bet
Published 18 Aug, 2009 12:00am
Taiwan dollar hit over one-month low

Taiwan dollar hit over one-month low

The Taiwan dollar fell to a more than one-month low on Monday on foreign fund outflows as investors trimmed risky assets on weak US consumer data and after China markets fell on worries of overheating. The Taiwan dollar closed lower at T$32.985, the weake
Published 18 Aug, 2009 12:00am
Nikkei slides

Nikkei slides

Japan's Nikkei average fell 3.1 percent on Monday in its biggest one-day fall in nearly five months, on profit-taking sparked by worries the surge in stocks had run ahead of economic recovery. An unexpectedly weak reading on US consumer confidence and fal
Published 18 Aug, 2009 12:00am
Australian shares slip

Australian shares slip

Australian share prices fell 1.63 percent on Monday as profit-taking hit the banking sector and resources declined on weaker metal prices, dealers said. The benchmark S&P/ASX200 slipped 72.6 points to 4,388.4, while the broader All Ordinaries dropped 67 p
Published 18 Aug, 2009 12:00am
Philippines shares slump

Philippines shares slump

Philippines share prices closed 2.77 percent lower on Monday, hurt by weak US sentiment and investors cashing in ahead of the part of the lunar calendar that the Chinese consider unlucky, dealers said. The composite index lost 78.83 points to 2,771.18, it
Published 18 Aug, 2009 12:00am
Singapore shares tumble

Singapore shares tumble

Singapore shares closed 3.25 percent lower on Monday in line with other regional stocks after falling US consumer confidence reignited concerns over the strength of an economic recovery. The blue chip Straits Times Index tumbled 85.53 points to 2,545.98 o
Published 18 Aug, 2009 12:00am
JGBs rally on Nikkei

JGBs rally on Nikkei

Japanese government bonds rallied on Monday, lifted by a plunge in Tokyo's Nikkei average and stronger US Treasuries. The Nikkei lost 3.1 percent on a stronger yen and after weak US consumer sentiment data released on Friday tempered expectations of an ec
Published 18 Aug, 2009 12:00am
Previous Day