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Print - 2009-09-09
Philippines shares higher

Philippines shares higher

Philippines share prices closed 0.76 percent higher Tuesday, with investors taking their cue from overseas, dealers said. The composite index rose 21.49 points to 2,852.48. The all-shares index added 0.69 percent, or 12.58 points, to close at 1,816.89. A
Published 09 Sep, 2009 12:00am
European shares higher for third straight session

European shares higher for third straight session

European shares rose for a third straight session on Tuesday to hover near recent 11-month highs, boosted by stronger commodity prices on the back of gold rising above $1,000 an ounce and crude trading over $69 a barrel. At 0847 GMT, the FTSEurofirst 300
Published 09 Sep, 2009 12:00am
Philippine sovereign bonds surge

Philippine sovereign bonds surge

Philippine sovereign bond prices rose on Tuesday, spurred by investor appetite for riskier assets and the government's plan to tap loans from multilateral lenders, which could reduce its borrowing next year. The Philippines' 6.5 percent bond due in 2020 w
Published 09 Sep, 2009 12:00am
Philippine sovereign bonds surge

Philippine sovereign bonds surge

Philippine sovereign bond prices rose on Tuesday, spurred by investor appetite for riskier assets and the government's plan to tap loans from multilateral lenders, which could reduce its borrowing next year. The Philippines' 6.5 percent bond due in 2020 w
Published 09 Sep, 2009 12:00am
Hong Kong stocks jump; Chinese shares up

Hong Kong stocks jump; Chinese shares up

China's benchmark stock index closed up 1.7 percent for the sixth straight day on Tuesday, led by gold miners' shares, amid continued signs of government policy support for equity trading. Hong Kong stocks followed suit and closed up 2.14 percent for the
Published 09 Sep, 2009 12:00am
Seoul shares gain

Seoul shares gain

Seoul shares rose on Tuesday, with auto battery related issues such as Samsung SDI rallying on an improved outlook for the sector, while SK Energy hit a three-month high. The Korea Composite Stock Price Index (KOSPI) finished up 0.69 percent at 1,619.69 p
Published 09 Sep, 2009 12:00am
Singapore shares higher

Singapore shares higher

Singapore shares closed 0.64 percent higher Tuesday with strong buying interest in commodity-related stocks, dealers said. The blue chip Straits Times Index rose 16.96 points to 2,660.91. Volume totalled 2.65 billion shares worth 1.97 billion Singapore do
Published 09 Sep, 2009 12:00am
Deutsche Telekom, France Telecom to join forces in UK

Deutsche Telekom, France Telecom to join forces in UK

Deutsche Telekom and France Telecom have launched exclusive talks to merge their British mobile units in a joint venture that would grab the top spot in the cut-throat UK market. The partners plan to reach an agreement by the end of October, Deutsche Tele
Published 09 Sep, 2009 12:00am
New Zealand shares end flat

New Zealand shares end flat

New Zealand share prices closed little changed Tuesday in the absence of any guidance from Wall Street after a holiday in the US, dealers said. The benchmark NZX-50 index fell 1.14 points, or 0.04 percent, to 3,121.55 on turnover worth 85 million dollars
Published 09 Sep, 2009 12:00am
EU says law may allow bans on foreign bet sites

EU says law may allow bans on foreign bet sites

The 2.5 billion euro ($3.6 billion) online betting industry suffered a setback on Tuesday as the European Union said that a member state could be allowed to ban gambling websites if its intention was to stop crime. Shares in Austrian online gambling group
Published 09 Sep, 2009 12:00am
Taiwan minister says China trade pact unstoppable

Taiwan minister says China trade pact unstoppable

Taiwan's economic minister said Tuesday preparations for a proposed trade pact with China are shifting into high gear and will not be disrupted by an upcoming Cabinet reshuffle. Preparations for the deal "should be able to continue moving ahead no matter
Published 09 Sep, 2009 12:00am
Berlin wants clarity on Opel as General Motors board meets

Berlin wants clarity on Opel as General Motors board meets

The German government called for clarity from General Motors on its long-term plans for Opel should the US carmaker reverse course this week and decide to keep its European business. "'We are keeping Opel' is not a strategy yet," German Deputy Economy Min
Published 09 Sep, 2009 12:00am
Japan bank lending growth slows to one-year low

Japan bank lending growth slows to one-year low

Japanese bank lending grew at the slowest pace in a year in the 12 months to August partly as companies saddled with excess capacity have less need to borrow funds for capital expenditure. At the same time, August's money supply rose from a year earlier a
Published 09 Sep, 2009 12:00am
Bangladesh foreign exchange inflows threaten inflation: central bank

Bangladesh foreign exchange inflows threaten inflation: central bank

Bangladesh's foreign exchange inflows pose a threat to its inflation, which is set to end the fiscal year at 6.5 percent from less than 6 percent now, the country's central bank chief said on Tuesday. "Reserves will be touching $10 billion very soon. Mana
Published 09 Sep, 2009 12:00am
US banks need to have higher capital: Greenspan

US banks need to have higher capital: Greenspan

Banks in the United States need higher capital than they currently have, Alan Greenspan, former chairman of the Federal Reserve told a Mumbai conference via satellite on Monday. "I think even in non-euphoria, non-crisis times, we need to have a larger buf
Published 09 Sep, 2009 12:00am
Boeing sees global aviation market recovering in 2011

Boeing sees global aviation market recovering in 2011

US aerospace giant Boeing Co is confident it can deliver the first of its repeatedly delayed 787 Dreamliners to All Nippon Airways in the fourth quarter of 2010, a senior executive said on Tuesday. The company does not expect the global aviation market to
Published 09 Sep, 2009 12:00am
Balochistan's problems: Zardari for collective parliamentary decision

Balochistan's problems: Zardari for collective parliamentary decision

President Asif Ali Zardari has stressed for a collective parliamentary decision to address the Balochistan issues, saying constitutional cure for Balochistan's problems would be more effective. The parliament should collectively take a decision rather tha
Published 09 Sep, 2009 12:00am
Strike costs South Africa's Implats 50,000 platinum oz

Strike costs South Africa's Implats 50,000 platinum oz

Impala Platinum, supplier of a quarter of the world's platinum, said on Tuesday it lost 50,000 ounces during a pay strike at its mines, but was confident it could supply its clients with the precious metal. Workers ended a two-week strike at Rustenburg, t
Published 09 Sep, 2009 12:00am
Balochistan's problems: Zardari for collective parliamentary decision

Balochistan's problems: Zardari for collective parliamentary decision

President Asif Ali Zardari has stressed for a collective parliamentary decision to address the Balochistan issues, saying constitutional cure for Balochistan's problems would be more effective. The parliament should collectively take a decision rather tha
Published 09 Sep, 2009 12:00am
China regulator says banks' risk management key to access

China regulator says banks' risk management key to access

China's banking regulator said Tuesday that the ability of banks to manage risk will be a factor in granting market access, raising a new potential obstacle for foreign lenders eyeing the Chinese market. "The international financial crisis exposed a numbe
Published 09 Sep, 2009 12:00am
Strategic Trade Policy Framework 2009-12 launched

Strategic Trade Policy Framework 2009-12 launched

In order to address the challenges confronting Pakistan on the economic fronts, Ministry of Commerce has launched a comprehensive three years Strategic Trade Policy Framework (2009-12) document. Minister for Commerce Makhdoom Amin Fahim was the chief gues
Published 09 Sep, 2009 12:00am
Pressure builds for early South Korea rate rise

Pressure builds for early South Korea rate rise

The South Korean finance ministry's research arm called for a gradual unwinding of emergency economic policies, adding to building market expectations that the Bank of Korea could raise interest rates as early as in November. The remarks from the Korea De
Published 09 Sep, 2009 12:00am
FBR asked to abolish customs tariff exemptions

FBR asked to abolish customs tariff exemptions

The World Bank has asked the Federal Board of Revenue to abolish existing customs tariff exemptions (especially at the 6-8 digit headings of Pakistan Customs Tariff). In its proposals on policy reforms for customs duty, the WB 'Pakistan Tax Policy Report'
Published 09 Sep, 2009 12:00am
US hiring outlook dips, better elsewhere: Manpower

US hiring outlook dips, better elsewhere: Manpower

A forward-looking measure of hiring intentions dipped slightly in the United States even as it improved in many other countries, according to a quarterly survey by Manpower Inc. The survey offers a hint that jobs in Europe and Asia may recover earlier tha
Published 09 Sep, 2009 12:00am
Strategic Trade Policy Framework 2009-12 launched

Strategic Trade Policy Framework 2009-12 launched

In order to address the challenges confronting Pakistan on the economic fronts, Ministry of Commerce has launched a comprehensive three years Strategic Trade Policy Framework (2009-12) document. Minister for Commerce Makhdoom Amin Fahim was the chief gues
Published 09 Sep, 2009 12:00am
Roche taps new pharma head after Genentech buy

Roche taps new pharma head after Genentech buy

Roche Holding AG named the architect of its integration with Genentech to head its drugs business, closing a $47 billion buyout that sets the US biotech at the heart of the Swiss group's growth plans. Roche said on Tuesday that industry insider Pascal Sor
Published 09 Sep, 2009 12:00am
Strategic Trade Policy Framework 2009-12 launched

Strategic Trade Policy Framework 2009-12 launched

In order to address the challenges confronting Pakistan on the economic fronts, Ministry of Commerce has launched a comprehensive three years Strategic Trade Policy Framework (2009-12) document. Minister for Commerce Makhdoom Amin Fahim was the chief gues
Published 09 Sep, 2009 12:00am
Swiss adjusted unemployment at highest since 1998

Swiss adjusted unemployment at highest since 1998

The deep recession pushed Switzerland's unemployment rate to its highest level in more than a decade in August, sending a staunch reminder the economy may face a bumpy road to recovery. Unemployment rose to 4.0 percent when adjusted for seasonal swings fr
Published 09 Sep, 2009 12:00am
FBR asked to abolish customs tariff exemptions

FBR asked to abolish customs tariff exemptions

The World Bank has asked the Federal Board of Revenue to abolish existing customs tariff exemptions (especially at the 6-8 digit headings of Pakistan Customs Tariff). In its proposals on policy reforms for customs duty, the WB 'Pakistan Tax Policy Report'
Published 09 Sep, 2009 12:00am
Airbus and Boeing trade blows after WTO edict

Airbus and Boeing trade blows after WTO edict

Airbus on Tuesday rejected US calls to renounce government loans for its next airliner after the WTO gave a preliminary ruling against earlier loans, while a Boeing executive hit out at unfair "subsidies". In an unpublished draft ruling on Friday, the Wor
Published 09 Sep, 2009 12:00am
FBR asked to abolish customs tariff exemptions

FBR asked to abolish customs tariff exemptions

The World Bank has asked the Federal Board of Revenue to abolish existing customs tariff exemptions (especially at the 6-8 digit headings of Pakistan Customs Tariff). In its proposals on policy reforms for customs duty, the WB ''Pakistan Tax Policy Report
Published 09 Sep, 2009 12:00am
German trade surplus soars, industrial output stumbles

German trade surplus soars, industrial output stumbles

Germany's trade surplus soared in July as its export engine revved up, official data showed on Tuesday, but a drop in industrial output signalled that economic recovery is fragile. The trade surplus for Europe's biggest economy leapt 12 percent higher and
Published 09 Sep, 2009 12:00am
Futures market at NCEL: SECP approves trading in crude, gold, silver

Futures market at NCEL: SECP approves trading in crude, gold, silver

The Securities and Exchange Commission of Pakistan (SECP), in line with its object to promote and foster the Futures Market, has accorded approval of Crude Oil Futures, 100 Ounces Gold Futures and Silver Futures contracts to National Commodity Exchange Li
Published 09 Sep, 2009 12:00am
World's first floating wind turbine opens

World's first floating wind turbine opens

The world's first floating full-scale offshore wind turbine has been inaugurated in the North Sea off the coast of Norway, Norwegian energy giant StatoilHydro said Tuesday. The turbine known as Hywind, which measures 65 metres (213 feet) tall and weighs 5
Published 09 Sep, 2009 12:00am
Futures market at NCEL: SECP approves trading in crude, gold, silver

Futures market at NCEL: SECP approves trading in crude, gold, silver

The Securities and Exchange Commission of Pakistan (SECP), in line with its object to promote and foster the Futures Market, has accorded approval of Crude Oil Futures, 100 Ounces Gold Futures and Silver Futures contracts to National Commodity Exchange Li
Published 09 Sep, 2009 12:00am
UAE poised to award $40 billion nuclear contract

UAE poised to award $40 billion nuclear contract

The United Arab Emirates is days away from awarding the largest ever energy contract in the Middle East for the development of a nuclear power plant, industry sources said on Tuesday. The contract to build at least four reactors is expected to cost the wo
Published 09 Sep, 2009 12:00am
Ministry fails to complete water projects as per PC-I

Ministry fails to complete water projects as per PC-I

The Ministry of Water and Power has reportedly failed to complete water projects in line with PC-I submitted to the Executive Committee of the National Economic Council (Ecnec) at the time of their approval, official sources told Business Recorder.
Published 09 Sep, 2009 12:00am
China unveils jet at Asia's biggest air show

China unveils jet at Asia's biggest air show

China unveiled the design of what will be its largest home-produced commercial jet at a Hong Kong air show Tuesday, demonstrating the country's ambition to be a global aviation giant. An arm of the state-owned Aviation Industry Corp of China (AVIC) exhibi
Published 09 Sep, 2009 12:00am
Ministry fails to complete water projects as per PC-I

Ministry fails to complete water projects as per PC-I

The Ministry of Water and Power has reportedly failed to complete water projects in line with PC-I submitted to the Executive Committee of the National Economic Council (Ecnec) at the time of their approval, official sources told Business Recorder.
Published 09 Sep, 2009 12:00am
Bankers want reasonable rules in new financial order

Bankers want reasonable rules in new financial order

Top bankers pleaded on Tuesday for a prudent approach to rule-making as policy makers across the globe seek ways to reshape the global financial system in a bid to prevent another Lehman Brothers-style crisis. Deutsche Bank chief executive Joseph Ackerman
Published 09 Sep, 2009 12:00am
Ministry fails to complete water projects as per PC-I

Ministry fails to complete water projects as per PC-I

The Ministry of Water and Power has reportedly failed to complete water projects in line with PC-I submitted to the Executive Committee of the National Economic Council (Ecnec) at the time of their approval, official sources told Business Recorder.
Published 09 Sep, 2009 12:00am
Finland sinks into eurozone's deepest recession

Finland sinks into eurozone's deepest recession

Finland has sunk into the deepest recession in the eurozone after official data published Tuesday showed that its economy shrank by a record 9.4 percent in the second quarter on a 12-month comparison. The drop is the Nordic country's biggest annual declin
Published 09 Sep, 2009 12:00am
US drone attack kills 47 in Miranshah

US drone attack kills 47 in Miranshah

At least 47 people, many of them Taliban, but also four schoolchildren, were killed on Tuesday in ongoing internal violence in tribal region that borders Afghanistan. An unmanned aircraft, suspected to be US operated, fired two missiles late Tuesday at a
Published 09 Sep, 2009 12:00am
Opec set to hold supply steady

Opec set to hold supply steady

Oil at close to $70 means Opec will almost certainly keep existing output cuts in place when it meets in Vienna on Wednesday, although it could seek to tighten compliance with existing targets, ministers and delegates said. "The market is in very good sha
Published 09 Sep, 2009 12:00am
CCP to probe aviation, energy sectors for any collusive trends

CCP to probe aviation, energy sectors for any collusive trends

The Competition Commission of Pakistan (CCP) has decided to examine the aviation and energy sectors to have updated economic data on these sectors to ascertain any kind of collusive behaviour, trends and economic situation of these sectors. Sources told <
Published 09 Sep, 2009 12:00am
Global recovery might be earlier: IMF

Global recovery might be earlier: IMF

World economic recovery might come a quarter ahead of current expectations, the head of the International Monetary Fund told an Italian newspaper, adding forecasts for this country's economy will be revised upwards. "For the (global) economy, we have been
Published 09 Sep, 2009 12:00am
CCP to probe aviation, energy sectors for any collusive trends

CCP to probe aviation, energy sectors for any collusive trends

The Competition Commission of Pakistan (CCP) has decided to examine the aviation and energy sectors to have updated economic data on these sectors to ascertain any kind of collusive behaviour, trends and economic situation of these sectors. Sources told <
Published 09 Sep, 2009 12:00am
Gold jump in Asia

Gold jump in Asia

US gold futures hit a six-month high of $1,000 and spot gold also rose to six-month high on Tuesday as the dollar's weakness, concerns about the sustainability of the global economic recovery and worries about inflation underpinned sentiment. Some market
Published 09 Sep, 2009 12:00am
CCP to probe aviation, energy sectors for any collusive trends

CCP to probe aviation, energy sectors for any collusive trends

The Competition Commission of Pakistan (CCP) has decided to examine the aviation and energy sectors to have updated economic data on these sectors to ascertain any kind of collusive behaviour, trends and economic situation of these sectors. Sources told <
Published 09 Sep, 2009 12:00am
US small business sentiment improves

US small business sentiment improves

US small business sentiment improved last month on hopes that the worst of the country's recession was over, an industry group said on Tuesday, but conditions remain very weak. The National Federation of Independent Business said its optimism index improv
Published 09 Sep, 2009 12:00am
Futures market at NCEL: SECP approves trading in crude, gold, silver

Futures market at NCEL: SECP approves trading in crude, gold, silver

The Securities and Exchange Commission of Pakistan (SECP), in line with its object to promote and foster the Futures Market, has accorded approval of Crude Oil Futures, 100 Ounces Gold Futures and Silver Futures contracts to National Commodity Exchange Li
Published 09 Sep, 2009 12:00am
Oil rises above $68

Oil rises above $68

Oil prices rose above $68 a barrel on Tuesday with investors perched on the fence ahead of an Opec meeting on Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets. The Organisation of Petroleum Exporting Co
Published 09 Sep, 2009 12:00am
Malaysian palm oil five week rise

Malaysian palm oil five week rise

Malaysian crude palm oil futures rose 3.8 percent on Tuesday, their biggest daily rise in percentage terms in five weeks, ending a five-day losing streak as investors covered their short positions, traders said. "When the price crossed 2,200 ringgit, it m
Published 09 Sep, 2009 12:00am
Malaysian tin rises

Malaysian tin rises

Malaysian tin rose 0.3 percent on Tuesday, tracking gains on the London Metal Exchange and higher demand, said a dealer.
Published 09 Sep, 2009 12:00am
US drone attack kills 47 in Miranshah

US drone attack kills 47 in Miranshah

At least 47 people, many of them Taliban, but also four schoolchildren, were killed on Tuesday in ongoing internal violence in tribal region that borders Afghanistan. An unmanned aircraft, suspected to be US operated, fired two missiles late Tuesday at a
Published 09 Sep, 2009 12:00am
US soyabeans and corn drop

US soyabeans and corn drop

US soyabean and grain futures extended their retreat on Tuesday as traders awaited the release of a US government report due on Friday which is expected to reveal raised crop size estimates. Benign weather ahead of the approaching harvest has increased co
Published 09 Sep, 2009 12:00am
Government-PSMA meeting today

Government-PSMA meeting today

The government and Pakistan Sugar Mills Association (PSMA) have stiffened their stances ahead of a crucial meeting today (Wednesday) to explore ways and means to resolve the deadlock after the Lahore High Court decision of selling sugar at Rs 40 per kg in
Published 09 Sep, 2009 12:00am
Tokyo rubber futures dip

Tokyo rubber futures dip

Tokyo rubber futures fell on Tuesday as investors booked profits after the benchmark contract rose more than 2 percent the previous day, with a firmer yen also adding pressure. The key Tokyo Commodity Exchange rubber contract for February delivery was at
Published 09 Sep, 2009 12:00am
Government-PSMA meeting today

Government-PSMA meeting today

The government and Pakistan Sugar Mills Association (PSMA) have stiffened their stances ahead of a crucial meeting today (Wednesday) to explore ways and means to resolve the deadlock after the Lahore High Court decision of selling sugar at Rs 40 per kg in
Published 09 Sep, 2009 12:00am
Indonesia imports of US soyabeans climb 20 percent

Indonesia imports of US soyabeans climb 20 percent

US soyabean exports to Indonesia jumped nearly 20 percent to around one million tonnes in the marketing year to August and are expected to remain steady this year, a senior US industry official said on Tuesday. Indonesia, which buys soyabeans mainly for i
Published 09 Sep, 2009 12:00am
Shanghai copper rise

Shanghai copper rise

Copper retreated in light trade on Tuesday as investors consolidated positions after recent gains that have more than doubled the industrial metal's price this year. Analysts are looking to China's trade data due out on Friday, which is expected to show t
Published 09 Sep, 2009 12:00am
Asian physical rubber

Asian physical rubber

Asian physical rubber prices remained stuck at high levels on Tuesday as supplies were tight due to continued rain in Thailand. High prices have led buyers in China, the world's top consumer, to seek rubber supplies in their domestic market. "I think buye
Published 09 Sep, 2009 12:00am
Supreme Court accepts mill owners'' petition for hearing

Supreme Court accepts mill owners'' petition for hearing

Sugar mill owners'' petition against the Lahore High Court (LHC) decision of reducing sugar prices down to Rs 40/kg has been accepted for hearing by the Supreme Court, a private news channel reported. On the other hand, Punjab Law Minister Rana Sanaullah
Published 09 Sep, 2009 12:00am
West Australia wheat exports near record levels: ANZ

West Australia wheat exports near record levels: ANZ

Wheat exports from Western Australia, Australia's top grain exporting state, are approaching record levels, helped by Iran returning to the global wheat market and solid demand from traditional customers such as Indonesian flour millers. Australia & New Z
Published 09 Sep, 2009 12:00am
Supreme Court accepts mill owners' petition for hearing

Supreme Court accepts mill owners' petition for hearing

Sugar mill owners' petition against the Lahore High Court (LHC) decision of reducing sugar prices down to Rs 40/kg has been accepted for hearing by the Supreme Court, a private news channel reported. On the other hand, Punjab Law Minister Rana Sanaullah s
Published 09 Sep, 2009 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

The average price of Bangladeshi tea fell by 0.53 percent to 138.28 taka ($2) per kg on a lack of overseas demand at the weekly auction on Tuesday, brokers said. Nearly 1.32 million kg were sold on average at 138.28 taka per kg, down 0.73 taka from the la
Published 09 Sep, 2009 12:00am
Supreme Court accepts mill owners' petition for hearing

Supreme Court accepts mill owners' petition for hearing

Sugar mill owners' petition against the Lahore High Court (LHC) decision of reducing sugar prices down to Rs 40/kg has been accepted for hearing by the Supreme Court, a private news channel reported. On the other hand, Punjab Law Minister Rana Sanaullah s
Published 09 Sep, 2009 12:00am
Guwar Sindh, Punjab lower on grain market

Guwar Sindh, Punjab lower on grain market

Declining trend was seen on the wholesale grain and seed market on Tuesday in process of modest trading, dealers said. On the gram side guwar Sindh was lower by Rs 100 to Rs 3100-3400 and guwar Punjab lost Rs 200 to Rs 2400-3100. Bajra low type shed Rs 15
Published 09 Sep, 2009 12:00am
Government-PSMA meeting today

Government-PSMA meeting today

The government and Pakistan Sugar Mills Association (PSMA) have stiffened their stances ahead of a crucial meeting today (Wednesday) to explore ways and means to resolve the deadlock after the Lahore High Court decision of selling sugar at Rs 40 per kg in
Published 09 Sep, 2009 12:00am
Rates fall slightly on steady phutti arrivals

Rates fall slightly on steady phutti arrivals

Prices came down on the cotton market on Tuesday as a result of steady phutti arrival after monsoon rains, dealers said. The official spot rate was unchanged at Rs 3450, they said. Nearly 13000 bales changed hands between Rs 3450-3575, they said. Phutti p
Published 09 Sep, 2009 12:00am
Four US soldiers, 10 Iraqi cops killed

Four US soldiers, 10 Iraqi cops killed

Ten Iraqi policemen and four American soldiers were killed in a spate of roadside bomb attacks across the country on Tuesday, in the bloodiest day for the US military in five months. The blasts followed a series of bombings on Monday that left 22 people d
Published 09 Sep, 2009 12:00am
India may resume sugar imports as local prices surge

India may resume sugar imports as local prices surge

Indian sugar millers may resume signing import deals as local prices have surged amid a slip in global prices, but large-scale buying is unlikely as enough quantity has been already contracted, industry officials said. "Atmosphere is favourable for striki
Published 09 Sep, 2009 12:00am
Four US soldiers, 10 Iraqi cops killed

Four US soldiers, 10 Iraqi cops killed

Ten Iraqi policemen and four American soldiers were killed in a spate of roadside bomb attacks across the country on Tuesday, in the bloodiest day for the US military in five months. The blasts followed a series of bombings on Monday that left 22 people d
Published 09 Sep, 2009 12:00am
Thailand tightens sugar trade rules to halt smuggling

Thailand tightens sugar trade rules to halt smuggling

Thailand, the world's second-biggest exporter of sugar, is tightening rules on domestic trade as surging world prices trigger smuggling of Thai sugar to neighbouring countries, traders and officials said on Tuesday. Lured by high world prices, local trade
Published 09 Sep, 2009 12:00am
Vietnam coffee prices rise

Vietnam coffee prices rise

Coffee prices in Vietnam jumped nearly 4 percent on Tuesday, tracking a London robusta futures gain near a four-week high, while the early harvest has started but bean supply will not pick up until November, traders said. Rains from a tropical low pressur
Published 09 Sep, 2009 12:00am
France raises wheat crop estimate

France raises wheat crop estimate

France's farm ministry raised on Tuesday its estimate for the country's 2009 soft wheat crop to 37.30 million tonnes, up from 36.08 million last month. The soft wheat harvest would now be up 1.1 percent on the 2008 crop, due to better yields, overriding a
Published 09 Sep, 2009 12:00am
Mobilink rating unaffected by Orascom creditwatch

Mobilink rating unaffected by Orascom creditwatch

Standard & Poor''s Ratings Services said on Tuesday that its rating on Pakistan Mobile Communications Ltd (Mobilink; B-/Stable/-) is not immediately affected by the placement of the ''B'' rating on its parent, Orascom Telecom Holdings S.A.E. (Orascom Tele
Published 09 Sep, 2009 12:00am
EU soyabean imports to fall on GMO rules: Oil World

EU soyabean imports to fall on GMO rules: Oil World

The European Union is likely to sharply cut soyabean imports in coming months partly because of tough EU rules stopping imports of unapproved genetically-modified organisms (GMOs), Hamburg-based oilseeds analysts Oil World said on Tuesday. "The US is goin
Published 09 Sep, 2009 12:00am
Mobilink rating unaffected by Orascom creditwatch

Mobilink rating unaffected by Orascom creditwatch

Standard & Poor's Ratings Services said on Tuesday that its rating on Pakistan Mobile Communications Ltd (Mobilink; B-/Stable/-) is not immediately affected by the placement of the 'B' rating on its parent, Orascom Telecom Holdings S.A.E. (Orascom Telecom
Published 09 Sep, 2009 12:00am
China's August palm oil imports seen up

China's August palm oil imports seen up

China's imports of palm oil are likely to hit a fresh record of about 700,000 tonnes in August after July imports of 670,000 tonnes, which would swell stockpiles now at about 500,000 tonnes, the China National Grain & Oils Information Center said. Septemb
Published 09 Sep, 2009 12:00am
Mobilink rating unaffected by Orascom creditwatch

Mobilink rating unaffected by Orascom creditwatch

Standard & Poor's Ratings Services said on Tuesday that its rating on Pakistan Mobile Communications Ltd (Mobilink; B-/Stable/-) is not immediately affected by the placement of the 'B' rating on its parent, Orascom Telecom Holdings S.A.E. (Orascom Telecom
Published 09 Sep, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 132,844 tonnes of cargo including 74,096 tonnes import and 58,748 tonnes export cargo including 4,956 empty and loaded containers during last 24 hours ending at 0700 hours on Tuesday.
Published 09 Sep, 2009 12:00am
Karzai set for Afghan vote win; watchdog finds fraud

Karzai set for Afghan vote win; watchdog finds fraud

Afghan election returns on Tuesday put incumbent Hamid Karzai on course for a first-round victory, but a UN-backed watchdog said it had "clear and convincing evidence of fraud" and ordered a partial recount. The results put Karzai and the Afghan election
Published 09 Sep, 2009 12:00am
Karzai set for Afghan vote win; watchdog finds fraud

Karzai set for Afghan vote win; watchdog finds fraud

Afghan election returns on Tuesday put incumbent Hamid Karzai on course for a first-round victory, but a UN-backed watchdog said it had "clear and convincing evidence of fraud" and ordered a partial recount. The results put Karzai and the Afghan election
Published 09 Sep, 2009 12:00am
POF, French company sign MoU on rocket technology

POF, French company sign MoU on rocket technology

Pakistan Ordnance Factories (POF) and a French company signed a Memorandum of Understanding (MOU) on upgrading the capabilities of 122 mm rockets used by the Pakistani armed forces on the sidelines of the Defence Systems and Equipment International Exhibi
Published 09 Sep, 2009 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Sep, 2009 12:00am
POF, French company sign MoU on rocket technology

POF, French company sign MoU on rocket technology

Pakistan Ordnance Factories (POF) and a French company signed a Memorandum of Understanding (MOU) on upgrading the capabilities of 122 mm rockets used by the Pakistani armed forces on the sidelines of the Defence Systems and Equipment International Exhibi
Published 09 Sep, 2009 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 09 Sep, 2009 12:00am
POF, French company sign MoU on rocket technology

POF, French company sign MoU on rocket technology

Pakistan Ordnance Factories (POF) and a French company signed a Memorandum of Understanding (MOU) on upgrading the capabilities of 122 mm rockets used by the Pakistani armed forces on the sidelines of the Defence Systems and Equipment International Exhibi
Published 09 Sep, 2009 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (September 08, 2009).

Published 09 Sep, 2009 12:00am
Government to monitor telecom traffic

Government to monitor telecom traffic

The government has decided to have complete check on the telecommunication traffic by monitoring landline calls, wireless local loop interaction, cellular phones calls/SMS and e-mails to avert any subversive activity through obnoxious and unwanted communi
Published 09 Sep, 2009 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (September 08, 2009).

Published 09 Sep, 2009 12:00am
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