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Print - 2009-09-10
Plane hijacked in Mexico

Plane hijacked in Mexico

An Aeromexico flight from the popular Mexican tourist resort of Cancun was hijacked Wednesday with 104 people on board and landed in Mexico City, officials and media reported. "An Aeromexico was hijacked at Cancun airport and has landed in the airport in
Published 10 Sep, 2009 12:00am
US MIDDAY: gold holds near $1,000

US MIDDAY: gold holds near $1,000

US gold futures rose slightly in largely mixed trade on Wednesday as prices held near $1,000 an ounce on the back of a sharp decline of the dollar amid growing risk appetite, boosting bullion's appeal as a currency hedge. December gold up $1 at $1,000.80
Published 10 Sep, 2009 12:00am
US MIDDAY: corn, wheat and soya bounce

US MIDDAY: corn, wheat and soya bounce

Chicago Board of Trade grains and soya complex at 10:45 am (1545 GMT) on Wednesday. September wheat up 3/4 cent at $4.32-1/4 a bushel, December up 3-1/2 at $4.62-1/2. Short-covering rebound after falling to contract lows. Weaker dollar supportive. Deliver
Published 10 Sep, 2009 12:00am
US MIDDAY: copper lower

US MIDDAY: copper lower

US copper futures drifted quietly down at the open on Wednesday, as prices paused beneath recent highs and gathered momentum for another test of the psychological $3 a lb, traders said. Copper for December delivery down 1.45 cents at $2.9415 a lb by 10:30
Published 10 Sep, 2009 12:00am
Gold rises back above $1,000 in Europe

Gold rises back above $1,000 in Europe

Gold rose back above $1,000 per ounce on Wednesday as the dollar extended losses against the euro, and amid concern about the sustainability of this year's rally in equities and some key commodities. An announcement by the world's largest gold miner, Barr
Published 10 Sep, 2009 12:00am
US MIDDAY: cocoa climbs; coffee and sugar up

US MIDDAY: cocoa climbs; coffee and sugar up

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Wednesday. December arabica coffee contract rose 0.90 cent to $1.2550 per lb at 11:14 am EDT (1514 GMT). Session range from $1.2430 to $1.2610. Arabica futures inched higher in thin
Published 10 Sep, 2009 12:00am
Oil rises above $72

Oil rises above $72

Oil prices rose above $72 a barrel on Wednesday for the first time this month as a falling dollar spurred investors to hedge against inflation by buying commodities. The second day of strong gains in the oil market came as Opec members gathered in Vienna
Published 10 Sep, 2009 12:00am
London cocoa ends below five-month peak

London cocoa ends below five-month peak

October white sugar at Liffe finished steady after volatile trading, standing at $519.50 per tonne on Wednesday, down 50 cents. The market is supported by expectations of strong Indian demand for sugar. December cocoa ended up 42 pounds at 1,927 pounds pe
Published 10 Sep, 2009 12:00am
New York cotton futures a shade higher

New York cotton futures a shade higher

Cotton futures settled fractionally firmer Wednesday on buying by small investors as players were content to tweak positions while awaiting the release of a government crop report this week, brokers said. The cotton market was closed Monday for a holiday.
Published 10 Sep, 2009 12:00am
Copper drifts lower

Copper drifts lower

Copper drifted lower on Wednesday as the market worried that prices had risen higher than the fundamentals justify, but expectations of stronger demand in the longer term and a weaker dollar limited the fall. Copper for three-month delivery on the London
Published 10 Sep, 2009 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 10 Sep, 2009 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 10 Sep, 2009 12:00am
FTSE closes above 5,000

FTSE closes above 5,000

Britain's FTSE 100 share index closed above the 5,000 level for the first time since October 2008 on Wednesday, rising 1.2 percent on the back of strong oil and bank stocks, as well as early gains on Wall Street. By the close the index was 56.96 points hi
Published 10 Sep, 2009 12:00am
Asian debt spreads narrow

Asian debt spreads narrow

Asian bond spreads narrowed on Wednesday as an improving global economic outlook lured investors into riskier debt, including newly-issued bonds from Hutchison Whampoa Finance Ltd Hutchison Whampoa Finance, a unit of ports-to-telecom conglomerate Hutchiso
Published 10 Sep, 2009 12:00am
Asian debt spreads narrow

Asian debt spreads narrow

Asian bond spreads narrowed on Wednesday as an improving global economic outlook lured investors into riskier debt, including newly-issued bonds from Hutchison Whampoa Finance Ltd Hutchison Whampoa Finance, a unit of ports-to-telecom conglomerate Hutchiso
Published 10 Sep, 2009 12:00am
European CDS indices tightened

European CDS indices tightened

European credit derivatives indices tightened on Wednesday as European and US equity markets rose and the Volatility Index declined, showing reduced fear of a market collapse. By 1518 GMT, the investment-grade Markit iTraxx Europe index was at 88.5 basis
Published 10 Sep, 2009 12:00am
Indian shares up

Indian shares up

Indian shares rose 0.37 percent on Wednesday on fund buying in index-heavyweight stocks on a fourth straight day of gains, dealers said. The benchmark 30-share Sensex index closed up 59.88 points to 16,183.55, the highest since June 2008.
Published 10 Sep, 2009 12:00am
European CDS indices tightened

European CDS indices tightened

European credit derivatives indices tightened on Wednesday as European and US equity markets rose and the Volatility Index declined, showing reduced fear of a market collapse. By 1518 GMT, the investment-grade Markit iTraxx Europe index was at 88.5 basis
Published 10 Sep, 2009 12:00am
Wednesday's early afternoon trade: Stocks extend gains

Wednesday's early afternoon trade: Stocks extend gains

US stocks extended three straight days of gains on Wednesday as favourable comments from Goldman Sachs lifted the industrial sector while rising crude prices boosted energy stocks. If the gains hold for the session, it would put the S&P 500 close to its h
Published 10 Sep, 2009 12:00am
European shares hit 11-month high

European shares hit 11-month high

European share prices hit an 11-month closing high on Wednesday, with stronger crude prices on the back of a falling dollar boosting energy stocks and Commerzbank leading the financial sector higher. Automakers advanced after Renault's chief executive, Ca
Published 10 Sep, 2009 12:00am
Indian rupee snaps five-day rise

Indian rupee snaps five-day rise

The Indian rupee snapped a five-day winning streak on Wednesday, falling as demand for the US dollar from importers weighed and as a seesawing share market failed to provide clarity on the outlook for fund flows.
Published 10 Sep, 2009 12:00am
Interbank rates fall to record lows again

Interbank rates fall to record lows again

The cost of short-term interbank money fell to record lows again Wednesday, with market participants already turning their focus to the European Central Bank's tender of one-year funds at the end of the month.
Published 10 Sep, 2009 12:00am
Sterling gains versus dollar

Sterling gains versus dollar

Sterling closed in on two-week highs against a broadly weaker US currency on Wednesday as gains in global equities supported investor appetite for higher yielding currencies.
Published 10 Sep, 2009 12:00am
Dollar stumbles in London

Dollar stumbles in London

The dollar edged lower on Wednesday, extending sharp falls from the previous day, as slightly higher European shares bolstered risk demand and kept the US currency near the year's low against a currency basket.
Published 10 Sep, 2009 12:00am
Iran presents proposals as West ups nuclear pressure

Iran presents proposals as West ups nuclear pressure

Iran handed a package of proposals to world powers on Wednesday, as it came under renewed Western pressure to swiftly engage in "meaningful" talks to resolve the dispute over its nuclear programme. Tehran says its proposals address "various global issues"
Published 10 Sep, 2009 12:00am
Israeli attack on Gaza was 'genocide': Chavez

Israeli attack on Gaza was 'genocide': Chavez

Last winter's attack on Gaza by Israeli armed forces was an act of "genocide," Venezuelan President Hugo Chavez said in an interview published Wednesday in the French daily Le Figaro."It is not that the Israelis want to exterminate the Palestinians. They
Published 10 Sep, 2009 12:00am
Ally of Iran's Mousavi detained

Ally of Iran's Mousavi detained

An ally of Iranian opposition leader Mirhossein Mousavi has been detained, reformist websites said, in the latest move signalling increased pressure by the authorities on pro-reform foes of President Mahmoud Ahmadinejad.
Published 10 Sep, 2009 12:00am
Eight killed, seven injured in attacks in Iraq

Eight killed, seven injured in attacks in Iraq

Eight people were killed, including three policemen, and seven injured in separate bomb attacks in Iraq on Wednesday, according to local media reports. Four civilians were killed when an explosive device went off near their vehicle in southern city of Kar
Published 10 Sep, 2009 12:00am
US, Monaco sign tax-information swap deal to curb fraud

US, Monaco sign tax-information swap deal to curb fraud

The United States and Monaco on Tuesday signed an agreement to share tax information, the latest step by the tiny principality toward exiting the Group of 20 blacklist of tax havens. The bilateral tax-information exchange agreement was signed in Washingto
Published 10 Sep, 2009 12:00am
Developing nations key for CO2 cuts

Developing nations key for CO2 cuts

Developing countries must be brought on board as part of any deal on cutting carbon emissions in the shipping sector, the United Nation's shipping agency chief said on Wednesday. Shipping and aviation are the only industry sectors not regulated under the
Published 10 Sep, 2009 12:00am
Japan's ruling Democrats clinch coalition deal

Japan's ruling Democrats clinch coalition deal

Japan's new ruling Democratic Party clinched a deal on Wednesday to form a coalition with two tiny parties whose help it needs to pass laws smoothly, papering over gaps on security matters that could upset key ally Washington.
Published 10 Sep, 2009 12:00am
Russian journalist 'beaten' after dam criticism

Russian journalist 'beaten' after dam criticism

A Russian journalist who clashed with officials over their handling of a disaster at a Siberian hydroelectric power plant said he was brutally beaten by unknown assailants on Wednesday. Mikhail Afanasyev, who was briefly charged with defamation for critic
Published 10 Sep, 2009 12:00am
China couples flock to marry on auspicious 09/09/09

China couples flock to marry on auspicious 09/09/09

Tens of thousands of Chinese rushed to get married on Wednesday, hoping that the date 09/09/09 would bring longevity to their marriages and lives. Besides meaning "nine, nine", "jiu, jiu" in Chinese also means "for a long time," making Wednesday an auspic
Published 10 Sep, 2009 12:00am
India shopping mall collapse kills five

India shopping mall collapse kills five

At least five people were killed when a shopping centre caved in Wednesday in a New Delhi suburb, the local fire department told AFP. Fire fighters brought out at least five crushed bodies from the building in Faridabad's main commercial centre and said a
Published 10 Sep, 2009 12:00am
Four Africans killed on Israeli-Egyptian border

Four Africans killed on Israeli-Egyptian border

Egyptian police killed four African migrants and injured three who were attempting to enter Israel illegally, media reports said on Wednesday. Security forces spotted seven people trying to illegally cross into Israel through the Rafah border, according t
Published 10 Sep, 2009 12:00am
Floods maroon 400,000 in India

Floods maroon 400,000 in India

Nearly 400,000 people were marooned by flooding in eastern India after torrential rain that killed at least two and washed away thousands of mud houses, officials said Wednesday. Four districts of West Bengal state were hit and dams were struggling to hol
Published 10 Sep, 2009 12:00am
Yuan ends easier despite firmer mid-point, weak dollar

Yuan ends easier despite firmer mid-point, weak dollar

The yuan edged lower against the dollar on Wednesday despite the Chinese central bank setting the mid-point at a more than three-month high and the dollar's fall against a basket of major currencies, as investors sold the low-yielding US currency in a ren
Published 10 Sep, 2009 12:00am
Taiwan dollar hovers at five-week high

Taiwan dollar hovers at five-week high

The Taiwan dollar rose for a fifth straight session on Wednesday, hitting a five-week high on foreign fund inflows and weakness in the US dollar globally. The Taiwan dollar hit an intraday high at T$32.657 early in the session, its highest since August 6,
Published 10 Sep, 2009 12:00am
Aussie dollar hits year high

Aussie dollar hits year high

The Australian dollar climbed to a one-year high on Wednesday, boosted by firm gold and commodity prices and a slumping US dollar. The favourable factors eclipsed a surprising drop in retail sales in Australia in July, which some saw as dimming the chance
Published 10 Sep, 2009 12:00am
South Korean won advances

South Korean won advances

The South Korean won hit a one-month high against the dollar on Wednesday as investors sought more risk, putting pressure on low-yield currencies such as the greenback. The won, however, gave up some earlier gains on heightened caution over possible dolla
Published 10 Sep, 2009 12:00am
Hong Kong dollar moves narrowly

Hong Kong dollar moves narrowly

The Hong Kong dollar moved in a narrow range on Wednesday, as investor sentiment was caught between a broad-based decline of the US dollar and a pullback in the domestic stock market after recent sharp gains. However, some dealers expect the local currenc
Published 10 Sep, 2009 12:00am
Dollar on defensive in Tokyo

Dollar on defensive in Tokyo

The dollar's broad slide paused after it hit its lowest in a year against the Australian and New Zealand dollars on Wednesday, but it held near its 2009 low on the euro, as investors sold the low-yielding greenback in a renewed shift to riskier assets.
Published 10 Sep, 2009 12:00am
US dollar slides to 2009 low versus euro

US dollar slides to 2009 low versus euro

The US dollar on Tuesday sank to its lowest level against the euro this year as volume returned after a summer lull and traders sold the currency amid a rosy global outlook. Analysts said the dollar could resume seasonal declines as liquidity increases af
Published 10 Sep, 2009 12:00am
Mandelson urges China to step up global role

Mandelson urges China to step up global role

China must shoulder more leadership in restoring global economic growth and fighting climate change, British Business Secretary Peter Mandelson said, also pressing Beijing on human rights. In a speech to officials in Beijing, Mandelson said an array of pr
Published 10 Sep, 2009 12:00am
Swiss franc trades flat versus euro, dollar

Swiss franc trades flat versus euro, dollar

The Swiss franc traded near flat against the euro on Wednesday and is expected to lose ground against the currency in the run up to the Swiss National Bank's interest rate decision next week. "The euro will rise against the franc to the 1.53 area ahead of
Published 10 Sep, 2009 12:00am
Vivendi eyes telecom growth with $2.9 billion Brazil bid

Vivendi eyes telecom growth with $2.9 billion Brazil bid

Vivendi is offering $2.9 billion for Brazilian telecom operator GVT in a move that puts it head-to-head with Telefonica in Latin America's biggest market and sparked talk of a possible counter bid.
Published 10 Sep, 2009 12:00am
Economists revise Swiss GDP forecast up

Economists revise Swiss GDP forecast up

Economists expect the Swiss economy to shrink by 2.2 percent in 2009 before returning to minimal growth next year, a survey showed on Wednesday, taking a slightly less pessimistic view on the economy than so far.
Published 10 Sep, 2009 12:00am
India tightens spending, sticks to borrowing target

India tightens spending, sticks to borrowing target

India plans to cut some government spending to help fund drought relief and a rural job scheme and ensure that market borrowing will be within the government's annual target, senior officials said on Tuesday.
Published 10 Sep, 2009 12:00am
South Korea's house loans raise stakes for central bank

South Korea's house loans raise stakes for central bank

South Korean lenders dished out another heavy serving of mortgages in August, underlining that asset prices and not inflation may pose the biggest threat to the country's ultra-loose monetary policy.
Published 10 Sep, 2009 12:00am
BoJ Suda questions need for firms' funding lifeline

BoJ Suda questions need for firms' funding lifeline

Bank of Japan board member Miyako Suda warned of the risk of propping up corporate finance for too long, signalling she may oppose extending the bank's programmes to buy company debt beyond December. Many other board members appear cautious about letting
Published 10 Sep, 2009 12:00am
Australian retail sales slip argues for rate caution

Australian retail sales slip argues for rate caution

Australian retail sales unexpectedly fell in July, a second straight month of weakness that could fuel concerns about the resilience of consumer demand and push back the expected timing of a first rise in interest rates.
Published 10 Sep, 2009 12:00am
Kottan upbeat on European tour

Kottan upbeat on European tour

"I have checked three U-20 players Harun Bhatti, Yousuf Butt and Bilal Butt keenly and I am confident that these youngsters would implant a new life into the Pakistani football team in forthcoming days." This was stated by Vienna-born Pakistan football te
Published 10 Sep, 2009 12:00am
Boeing sees return to cargo traffic growth next year

Boeing sees return to cargo traffic growth next year

US aerospace giant Boeing Co expects global air cargo traffic to return to growth next year amid a broad economic recovery, with the United States and China leading the way, a senior executive said on Wednesday.
Published 10 Sep, 2009 12:00am
Mexico plans more taxes, cuts in bureaucracy

Mexico plans more taxes, cuts in bureaucracy

Mexican President Felipe Calderon asked Congress on Tuesday to raise taxes and slash spending on government bureaucracy to prop up public finances as the country languishes in a deep recession.
Published 10 Sep, 2009 12:00am
Rival Asian tours go head-to-head for first time

Rival Asian tours go head-to-head for first time

For the first time since the controversial OneAsia Tour teed off in April, it goes head-to-head this week with the rival Asian Tour in a battle for supremacy. OneAsia, which has brought together Tours from China, South Korea, and Australia to form a "supe
Published 10 Sep, 2009 12:00am
Younus urges Pakistan to win Champions Trophy

Younus urges Pakistan to win Champions Trophy

Pakistan captain Younus Khan on Wednesday urged his team to win the elite eight-nation Champions Trophy in South Africa, saying it would signal a fresh beginning in the nation's cricketing fortunes. "The World Twenty20 success in England (in June) came at
Published 10 Sep, 2009 12:00am
Serena sets up Clijsters clash at US Open

Serena sets up Clijsters clash at US Open

Defending champion Serena Williams will play comeback queen Kim Clijsters for a place in the US Open final after both scored straight sets wins in their quarter-finals on Tuesday. Williams, seeded second despite being widely regarded as the best player in
Published 10 Sep, 2009 12:00am
Three matches decided in Punjab Peace Football

Three matches decided in Punjab Peace Football

Spearhead Khurram Saleem was declared Man of the Match as his hat-trick enabled Netsoft Football Club to thrash Sabzazar Green 7-1 in All Punjab Peace and Non Violence Football Cup at Model Town Football Academy Ground. Brilliant striker Saleem recorded w
Published 10 Sep, 2009 12:00am
British fan freed after pardon for Bulgaria attack

British fan freed after pardon for Bulgaria attack

A British football fan jailed for 15 years in Bulgaria for the attempted murder of a barman was pardoned and walked free from jail Wednesday, after serving four years in Britain. Michael Shields, 22, was convicted in Bulgaria of attacking Martin Georgiev,
Published 10 Sep, 2009 12:00am
New York prosecutor targets bank over Iran links

New York prosecutor targets bank over Iran links

Manhattan District Attorney Robert Morgenthau said he plans to act within a month against a large "mainstream" bank over illicit links with Iran, and signalled he is investigating Venezuelan banks over potential illegal ties to Iran, the Financial Times s
Published 10 Sep, 2009 12:00am
Nadal rises, Murray stumbles

Nadal rises, Murray stumbles

Rafael Nadal assured a jump past Britain's Andy Murray back into the world number two ranking by advancing to the US Open quarter-finals Tuesday while the Scotsman crashed out in humbling fashion. Spanish third seed Nadal, trying to complete a career Gran
Published 10 Sep, 2009 12:00am
Death toll in Russian dam disaster rises to 74

Death toll in Russian dam disaster rises to 74

The death toll from a flood at Russia's largest hydroelectric power plant rose to 74 on Tuesday, investigators said, after they recovered another body more than three weeks after the disaster. "Today in the investigation of the wreckage at the Sayano-Shus
Published 10 Sep, 2009 12:00am
'PML-N striving for political stability in the country'

'PML-N striving for political stability in the country'

The Pakistan Muslim League-Nawaz (PML-N) is striving to bring political stability in the country and the party is playing the role of opposition in a more responsible manner to achieve this goal. Senior Political Assistant to Punjab Chief Minister and PML
Published 10 Sep, 2009 12:00am
Drought-hit Indian farmers sell wives to pay debts

Drought-hit Indian farmers sell wives to pay debts

Drought-hit farmers in northern India are resorting to selling their wives to repay debts to local loan sharks, activists say, as one of the weakest monsoons in years takes its toll. Poverty, poor administration and a lack of education means farmers in th
Published 10 Sep, 2009 12:00am
Ahsan Iqbal made PML-N spokesman

Ahsan Iqbal made PML-N spokesman

Pakistan Muslim League-Nawaz (PML-N) Central Organizing Committee Chairman Mian Nawaz Sharif has appointed MNA Ahsan Iqbal as Spokesman of the party. According to handout issued here on Wednesday, PML-N Quaid Mian Nawaz Sharif appointed Ahsan Iqbal as Spo
Published 10 Sep, 2009 12:00am
Malaysia detains 116 Indians, Sri Lankans in people-smuggling ring

Malaysia detains 116 Indians, Sri Lankans in people-smuggling ring

Malaysian immigration officials on Tuesday discovered a major human trafficking syndicate when authorities detained 116 Indian and Sri Lankan citizens believed to be headed for Indonesia en route to Australia, official news reports said.
Published 10 Sep, 2009 12:00am
US firm wins huge solar power project in China

US firm wins huge solar power project in China

US energy giant First Solar on Tuesday won a deal with China to build the world's largest solar power plant in the Mongolian desert which officials say could mitigate climate change concerns. First Solar will construct the two-gigawatt plant in Ordos City
Published 10 Sep, 2009 12:00am
Air Arabia launches new no-frills airline in Egypt

Air Arabia launches new no-frills airline in Egypt

Sharjah-based Air Arabia, the largest Middle East budget carrier, announced on Wednesday a joint venture with a hospitality group, Travco Group, to launch an Egypt-based low-cost carrier.
Published 10 Sep, 2009 12:00am
Facebook blocked for Indonesia city employees

Facebook blocked for Indonesia city employees

The second biggest city in Indonesia has blocked local government employees from using three social networking services, including Facebook, due to a decline in productivity, officials said Wednesday. The Surabaya administration has blocked access to Face
Published 10 Sep, 2009 12:00am
Extremist group claims attack on Athens stock exchange

Extremist group claims attack on Athens stock exchange

An extreme-left group, Revolutionary Struggle, has said it was behind a powerful van bomb blast which caused widespread damage inside the Athens stock exchange and injured a woman, police said Wednesday. They said the claim would be published Thursday in
Published 10 Sep, 2009 12:00am
TCP fails to supply 50,000MT of sugar to USC

TCP fails to supply 50,000MT of sugar to USC

The inflation-hit masses would find no sugar at the utility stores from next week, as the stocks in the godowns of Utility Stores Corporation (USC) across the province have been completely exhausted, and the TCP has failed to supply 50,000 MT of locally p
Published 10 Sep, 2009 12:00am
13 killed in gold mine fire in China

13 killed in gold mine fire in China

Chinese state media say 13 people have been killed in a gold mine fire in the central province of Henan. The official Xinhua News Agency reported Wednesday that the miners choked on smoke after a cave-in severed electrical wiring, sparking the blaze.
Published 10 Sep, 2009 12:00am
TCP fails to supply 50,000MT of sugar to USC

TCP fails to supply 50,000MT of sugar to USC

The inflation-hit masses would find no sugar at the utility stores from next week, as the stocks in the godowns of Utility Stores Corporation (USC) across the province have been completely exhausted, and the TCP has failed to supply 50,000 MT of locally p
Published 10 Sep, 2009 12:00am
Tokyo stocks decline

Tokyo stocks decline

The Nikkei stock average fell 0.8 percent on Wednesday, with Canon Inc and other exporters hit by a stronger yen while bank shares slid after a brokerage downgraded two of Japan's biggest banks. J.P. Morgan cut its ratings on Mitsubishi UFJ Financial Grou
Published 10 Sep, 2009 12:00am
Malaysian shares slide

Malaysian shares slide

Malaysian shares closed down 0.47 percent Wednesday on profit-taking in blue chips, dealers said. The Kuala Lumpur Composite Index lost 5.61 points to 1,196.46. Decliners outnumbered advancers 437 to 229.
Published 10 Sep, 2009 12:00am
TCP fails to supply 50,000MT of sugar to USC

TCP fails to supply 50,000MT of sugar to USC

The inflation-hit masses would find no sugar at the utility stores from next week, as the stocks in the godowns of Utility Stores Corporation (USC) across the province have been completely exhausted, and the TCP has failed to supply 50,000 MT of locally p
Published 10 Sep, 2009 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 0.81 percent lower Wednesday on profit taking in the absence of market-moving news, dealers said. The composite index shed 23.07 points to close at 2,829.41. A total of 2.86 billion shares worth 2.72 billion pesos (56.36 mi
Published 10 Sep, 2009 12:00am
FBR has potential to generate extra Rs 100 billion revenue

FBR has potential to generate extra Rs 100 billion revenue

The Federal Board of Revenue has potential to generate an additional amount of Rs 100 billion through administrative measures on sales tax, customs duty and income tax side during 2009-10. Sources told Business Recorder on Wednesday that the FBR ha
Published 10 Sep, 2009 12:00am
New Zealand share prices tumble

New Zealand share prices tumble

New Zealand share prices closed 0.17 percent lower Wednesday in the absence of positive leads and warnings that the rising New Zealand dollar could harm exporters, dealers said. The benchmark NZX-50 index was down 5.14 points at 3,116.41 on turnover worth
Published 10 Sep, 2009 12:00am
FBR has potential to generate extra Rs 100 billion revenue

FBR has potential to generate extra Rs 100 billion revenue

The Federal Board of Revenue has potential to generate an additional amount of Rs 100 billion through administrative measures on sales tax, customs duty and income tax side during 2009-10. Sources told Business Recorder on Wednesday that the FBR ha
Published 10 Sep, 2009 12:00am
Seoul shares slide

Seoul shares slide

Seoul shares retreated on Wednesday as key exporters including LG Electronics fell following big gains in recent weeks, while commodities issues such as Korea Zinc rose on commodity price gains. The Korea Composite Stock Price Index (KOSPI) finished down
Published 10 Sep, 2009 12:00am
Opec ministers reach ''consensus'' to hold output: Kuwait

Opec ministers reach ''consensus'' to hold output: Kuwait

OPEC oil producing countries have reached a "consensus" to hold crude output unchanged, Kuwait''s oil minister Sheikh Ahmad Abdullah al-Sabah said ahead of Wednesday night''s meeting of the cartel. "There is a consensus" to hold output steady, as widely p
Published 10 Sep, 2009 12:00am
Treasuries tumble

Treasuries tumble

US Treasuries prices fell on Tuesday as stocks gained, undermining the safe-haven demand for government debt. Losses were more pronounced on the longer end of the Treasury curve as investors moved to cheapen securities ahead of the auctions of 10-year not
Published 10 Sep, 2009 12:00am
Opec ministers reach 'consensus' to hold output: Kuwait

Opec ministers reach 'consensus' to hold output: Kuwait

OPEC oil producing countries have reached a "consensus" to hold crude output unchanged, Kuwait's oil minister Sheikh Ahmad Abdullah al-Sabah said ahead of Wednesday night's meeting of the cartel. "There is a consensus" to hold output steady, as widely pre
Published 10 Sep, 2009 12:00am
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