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Print - 2009-10-03
PLGMEA chairman elected

PLGMEA chairman elected

Chaudhry Ahmed Zulfiqar Hayat has been unanimously elected as the Chairman of Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) Central for the year 2009-2010 in the 1st meeting of newly elected 7th Central Executive Board held in
Published 03 Oct, 2009 12:00am
Possible drone attacks on Quetta: Senators concerned over reports

Possible drone attacks on Quetta: Senators concerned over reports

Parliamentarians from both side of the political divide in Senate on Friday expressed serious concerns over the reports that US might carry out drone attacks on Quetta on the pretext of the alleged presence of Taliban and al Qaeda leadership in the city.
Published 03 Oct, 2009 12:00am
Anwar elected as PSMA chairman

Anwar elected as PSMA chairman

Syed Anwar Suhail Razvi, Anwarul Haque and Umar Iqbal have been elected as chairman, senior vice chairman and vice chairman of Pakistan Soap Manufactures Association (PSMA) for the year 2009-10, respectively. Shahzad Mushtaq Paracha has been elected as re
Published 03 Oct, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 02, 2009).

Published 03 Oct, 2009 12:00am
Abduction of two girls: Chief Justice takes suo motu notice

Abduction of two girls: Chief Justice takes suo motu notice

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Friday took suo motu notice on incident of abduction of two sisters namely Samina Yasmeen 12 years and Robina Yasmeen 14 years allegedly by Mohammad Ijaz Imam masjid, Colony Tasawar Abad, Chak No 16
Published 03 Oct, 2009 12:00am
Trade bodies reject six percent hike in power tariff

Trade bodies reject six percent hike in power tariff

The newly elected President of Sialkot Chamber of Commerce and Industry (SCCI), Muhammad Ishaq Butt, has expressed deep concern over the 6 percent increase in electricity tariff. In a media release issued here on Friday he said the increase will create ne
Published 03 Oct, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The 56th session of the Senate opened on Friday with opposition demanding a policy statement by Prime Minister Yousuf Raza Gilani on what they termed most scornful attack on Pakistan sovereignty in the form of Kerry-Lugar bill. As expected, the opposition
Published 03 Oct, 2009 12:00am
THE RUPEE: dollar gains five paisa

THE RUPEE: dollar gains five paisa

Rates moved both ways on the currency market on Friday as the dollar was in demand by the importers to meet the payment requirements, dealers said. On the interbank market the rupee shed five paisa at 83.15 and 83.20 versus the US currency for buying and
Published 03 Oct, 2009 12:00am
THE RUPEE: dollar gains five paisa

THE RUPEE: dollar gains five paisa

Rates moved both ways on the currency market on Friday as the dollar was in demand by the importers to meet the payment requirements, dealers said. On the interbank market the rupee shed five paisa at 83.15 and 83.20 versus the US currency for buying and
Published 03 Oct, 2009 12:00am
Government urged to help curtail import duty on paper, paperboard

Government urged to help curtail import duty on paper, paperboard

The Lahore Chamber of Commerce and Industry (LCCI) President Zafar Iqbal Chaudhry has said that the Lahore Chamber of Commerce and Industry would continue its efforts for the solution of the problems being faced businessmen dealing in paper and paperboard
Published 03 Oct, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 02, 2009).

Published 03 Oct, 2009 12:00am
Politicians, traders reject hike in power tariff

Politicians, traders reject hike in power tariff

Political activists and traders have reacted sharply over six percent increase in power tariff, effective from October 1, 2009 and said it would cause a fresh wave of price spiral that would be unbearable for the people. Pakistan Muslim League-N Traders W
Published 03 Oct, 2009 12:00am
Sadiq elected unopposed as NKATI chairman

Sadiq elected unopposed as NKATI chairman

Sadiq Muhammad has been elected unopposed as Chairman, while Qasim Ansad and Muhammad Younus have been elected unopposed as Vice Chairmen of North Karachi Association of Trade and Industry (NKATI) for the term of 2009-10. Those who have been declared elec
Published 03 Oct, 2009 12:00am
Prime Minister orders to prepare master plan for Multan city development

Prime Minister orders to prepare master plan for Multan city development

Prime Minister Yousaf Raza Gilani has directed to immediately prepare the Master Plan for the development of Multan City. Principal Staff Officer to Prime Minister, Yousaf Nasim Khokhar said this while talking to media men at Multan Press Club. He said th
Published 03 Oct, 2009 12:00am
Sassui Palejo hails Zardari's stance on Kashmir issue

Sassui Palejo hails Zardari's stance on Kashmir issue

The Provincial Minister for Culture and Tourism, Palejo said that a solid progress on Kashmir issue was imperative for peace and stability in the region. Talking to media at her office on Friday, Palejo said that President Zardari had not only raised the
Published 03 Oct, 2009 12:00am
Media's role stressed against gender-based violence

Media's role stressed against gender-based violence

A one-day workshop on Institutional Strengthening and Awareness Raising to combat extreme forms of gender based violence, organised by Family Planning Association of Pakistan with the collaboration of United Nations Office on Special Project Services (UNO
Published 03 Oct, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 03 Oct, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 03 Oct, 2009 12:00am
PAC strongly criticises LPG policy

PAC strongly criticises LPG policy

The Public Accounts Committee (PAC) has strongly criticised 'Liquefied Petroleum Gas (LPG) Policy 2006', saying that it was encouraging monopolistic trend in the LPG sector, and called for revisiting the policy, making it more competitive to facilitate th
Published 03 Oct, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 02, 2009).

Published 03 Oct, 2009 12:00am
PIA bids farewell to director marketing

PIA bids farewell to director marketing

PIA on Friday bade farewell to its Director Marketing Salah uddin, who proceeded on Leave Preparatory to Retirement (LPR), before he finally retires in June 2010. In a formal ceremony held in the PIA Head Office, Deputy Managing Director PIA Salim Sayani
Published 03 Oct, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 02, 2009).

Published 03 Oct, 2009 12:00am
Afghan Transit Trade Agreement: talks in progress for making amendments

Afghan Transit Trade Agreement: talks in progress for making amendments

The bilateral negotiations between Pakistan and Afghanistan for making amendments in Afghan Transit Trade Agreement (ATTA) are in progress. Secretary Commerce Suleman Ghani said this, while talking media personnel after a meeting of the Standing Committee
Published 03 Oct, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 02, 2009).

Published 03 Oct, 2009 12:00am
Ministries, PSMA responsible for sugar crisis: Khurram

Ministries, PSMA responsible for sugar crisis: Khurram

Chairman National Assembly's Standing Committee on Commerce Engineer Khurram Destagir Khan the other day held Pakistan Sugar Mills Associations (PSMA) and ministries of Commerce and Industries responsible for the current sugar crisis in the country. Durin
Published 03 Oct, 2009 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 03 Oct, 2009 12:00am
Postponement of by-elections: LHC adjourns hearing till October 6

Postponement of by-elections: LHC adjourns hearing till October 6

Justice Ijaz Nisar of the Lahore High Court here on Friday observed that the court has no concern with political implication of outcome of Punjab Government's plea for postponement of elections as it would only decide the case on its merits. The court adj
Published 03 Oct, 2009 12:00am
The Weather

The Weather

The weather report on Friday (October 02, 2009) and the forecast for Saturday (October 03, 2009).

Published 03 Oct, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (October 02, 2009).

Published 03 Oct, 2009 12:00am
Loadshedding resumption hitting consumers hard

Loadshedding resumption hitting consumers hard

Resumption of massive load shedding has hit the electricity consumers, right from domestic to commercial and industrial consumers. An abnormal rise in mercury has also negated the Pakistan Electric Power Company (Pepco) forecast on availability of electri
Published 03 Oct, 2009 12:00am
Students Week at Karachi University from October 12

Students Week at Karachi University from October 12

The Students Week at the University of Karachi (KU) will be organised from October 12 to 17. A spokesman of the University said on Friday the event would be held under the auspices of the Office of the Students Adviser, KU. The chairpersons of the teachin
Published 03 Oct, 2009 12:00am
PMI to organise computer training course

PMI to organise computer training course

Pakistan Manpower Institute (PMI) on Friday has planned to organise a computer training course on "Office Automation with MS Word" starting from October 5 till 10 of the same month for the officers and executives from public and private sector organisatio
Published 03 Oct, 2009 12:00am
International moot on services of Mirza Qalich Beg begins today

International moot on services of Mirza Qalich Beg begins today

The 2-day international conference on "Contribution of Shamsul Ulma Mirza Qalich Beg towards Language, Literature and Society" will begin on Saturday (Today) at the University of Sindh. The conference is being organised by Shamsul Ulma Mirza Qalich Beg Ch
Published 03 Oct, 2009 12:00am
PICG develops board development series

PICG develops board development series

Pakistan Institute of Corporate Governance (PICG) has developed its Board Development Series (BDS), an internationally accredited Directors' Education Programme, as a modular series of interactive workshops.
Published 03 Oct, 2009 12:00am
PML-Q wants new political alliance against present set-up

PML-Q wants new political alliance against present set-up

Pakistan Muslim League-Q is in touch with different like minded parties, including Pakistan Tehreek-e-Insaf (PTI), Jamaat-i-Islami and the possibility of a new political alliance against present coalition set up cannot be ruled out.
Published 03 Oct, 2009 12:00am
Punjab University, Lesco sign MoU

Punjab University, Lesco sign MoU

Punjab University (PU) and Lahore Electric Supply Company (Lesco) signed a Memorandum of Understanding (MoU) to install grid station at Punjab University here on Friday. PU would grant land to Lesco for establishing grid station to cater for load demand o
Published 03 Oct, 2009 12:00am
Anees Motiwala elected unopposed as APTPMA chairman

Anees Motiwala elected unopposed as APTPMA chairman

Anees Motiwala has been elected unopposed as chairman of All Pakistan Textile Processing Mills Association (APTPMA) for the year 2009-10. Altaf Shekhani, Abdul Wahab Lakhani, Shahmim Ahmed Jan, M. Aman and Sanaullah Abdullah have been elected as members o
Published 03 Oct, 2009 12:00am
SKMCH&RC to organise seminar

SKMCH&RC to organise seminar

Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC) is going to organise a seminar in connection with celebrations of World Hospice and Palliative Care Day being observed on October 10. A spokesperson of the hospital said that the World
Published 03 Oct, 2009 12:00am
LHC disposes of petition about bar's presidential slot

LHC disposes of petition about bar's presidential slot

The Lahore High Court (LHC) here on Friday disposed of an application of President Lahore High Court Bar Association Nasira Iqbal seeking directions for Pakistan Bar Council to decide the case pertaining to bar's presidential slot. Earlier, Ahmad Awais ad
Published 03 Oct, 2009 12:00am
DCO Faisalabad holds 'Khuli Kutchery'

DCO Faisalabad holds 'Khuli Kutchery'

DCO Saeed Wahlah has directed the concerned officers of various district government departments to take prompt action on general public complaints for redressing their grievances without delay. He issued these instructions while listening to the complaint
Published 03 Oct, 2009 12:00am
Fazl meets Gilani

Fazl meets Gilani

Ameer JUI (F), Maulana Fazl-ur-Rahman, MNA called on Prime Minister Syed Yusuf Raza Gilani at the Prime Minister House here on Friday. They discussed overall political situation in the country. He apprised the Prime Minister of matters related to status o
Published 03 Oct, 2009 12:00am
'Kerry-Lugar Bill to prove milestone for democratic institutions'

'Kerry-Lugar Bill to prove milestone for democratic institutions'

Secretary Information PPP, Fozia Wahab has said there is no condition in the constitution for the president that he cannot hold the party office. She said that the negative campaign against Kerry-Lugar Bill is a sad one and it has no connection with reali
Published 03 Oct, 2009 12:00am
PAC meeting: EOBI chairman emotionally pleads non guilty of corruption

PAC meeting: EOBI chairman emotionally pleads non guilty of corruption

The Public Accounts Committee (PAC) of National Assembly on Friday witnessed touchy scenes, when chairman Employees Old-Age Benefit Institution (EOBI), Asadullah Sheikh said that he should be hanged if he is proved as a beneficiary of National Reconciliat
Published 03 Oct, 2009 12:00am
Steps taken to issue STRNs after due verification: Sohail

Steps taken to issue STRNs after due verification: Sohail

Federal Board of Revenue (FBR) Chairman Sohail Ahmed has disclosed that the Federal Board of Revenue (FBR) has taken steps to issue sales tax registration numbers (STRNs) after due verification to check fraudulent companies, who obtain STRNs for filing bo
Published 03 Oct, 2009 12:00am
Pakistan believes in promoting regional peace, development: Qureshi

Pakistan believes in promoting regional peace, development: Qureshi

Foreign Minister Shah Mahmood Qureshi said that Pakistan firmly believes in promoting peace, security and development in the South Asian region. In a speech at Los Angeles World Affairs Council, the top Pakistani diplomat stated that Islamabad has all alo
Published 03 Oct, 2009 12:00am
Reforming outdated, arcane laws

Reforming outdated, arcane laws

Addressing the participants of the National Management Course, Prime Minister Gilani said it is important that the outdated and arcane laws, rules and regulations are revisited from time to time and those found to be obstructive weeded out. He also unders
Published 03 Oct, 2009 12:00am
An undeserved concession

An undeserved concession

Commerce Minister Makhdoom Amin Fahim announced in Lahore, on Wednesday, that Pakistan has signed an MoU to provide transit facilities to India for trade with Afghanistan. He said that it was signed on the request of the Indian government, which wanted ro
Published 03 Oct, 2009 12:00am
Understanding performances in organisations

Understanding performances in organisations

At the moment the country has no way of understanding what is a high performing organisation(s). A criterion has not been developed and the statement, by word of mouth, is all that has been warranted and made available.
Published 03 Oct, 2009 12:00am
Flaws in STARR

Flaws in STARR

Computer glitches related to the Sales Tax Automated Refund Repository (STARR) system have been the subject matter of several newspaper reports in the recent as well as the distant past. It is indeed ironic that STARR was developed in the fiscal year 2004
Published 03 Oct, 2009 12:00am
Climate change threatens rich agriculture

Climate change threatens rich agriculture

A freak tornado and floods last month may be a harbinger of a troubled future for Brazilian farmers, who worry that climate change could severely disrupt production in one of the world's breadbaskets. Rising temperatures, a shift in seasons, and extreme w
Published 03 Oct, 2009 12:00am
Relevant market under competition law

Relevant market under competition law

The Competition Ordinance, 2007 ("Ordinance of 2007") has created a relatively new competition regime in Pakistan therefore, the true scope and purpose of most of the basic competition concepts such as relevant market doctrine, abuse of dominant position,
Published 03 Oct, 2009 12:00am
Kerry-Lugar bill and our sovereignty

Kerry-Lugar bill and our sovereignty

The US Senate passed the Kerry-Lugar Bill, according to which the US shall provide $1.5 billion annual aid to Pakistan for development in sectors other than the military, which includes assistance in the democratic, economic and social development fields.
Published 03 Oct, 2009 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper futures were lower early on Friday but had risen off of a two-month low below $2.65 a lb as the dollar reversed earlier gains after weak September jobs data shook confidence in the economic recovery. Copper for December delivery shed 5.35 cents,
Published 03 Oct, 2009 12:00am
US MIDDAY: gold turns higher

US MIDDAY: gold turns higher

Gold futures turned higher in choppy trade early on Friday, reclaiming the $1,000-an-ounce level after the dollar fell in response to US employers cutting more jobs than expected in September. December gold futures up $6.10 at $1,006.80 an ounce at 10:29
Published 03 Oct, 2009 12:00am
Qaim reviews overall situation in Sindh

Qaim reviews overall situation in Sindh

The overall obtaining situation in Sindh was reviewed at a meeting chaired by Chief Minister, Syed Qaim Ali Shah and attended by Pakistan Peoples Party (PPP) Ministers. The meeting decided to speed up the pace of development activities under various depar
Published 03 Oct, 2009 12:00am
Hajj training for females begins

Hajj training for females begins

A ten-day training programme for the female Hajj trainers started here on Friday at the Da'wah Center for women, International Islamic University (IIU). President IIU, Dr Anwar Hussain Siddiqui inaugurated the course in which 50 female Hajj trainers from
Published 03 Oct, 2009 12:00am
Hesco faces shortage of 460 megawatts

Hesco faces shortage of 460 megawatts

Hyderabad Electric Supply Company (Hesco) is facing power shortage of 460 megawatts, which has forced the management to carry out six hours long load shedding in urban localities and eight hours load shedding in rural parts of Sindh province except Karach
Published 03 Oct, 2009 12:00am
'Gilgit incidents conspiracy against reforms package'

'Gilgit incidents conspiracy against reforms package'

The people belonging to all walks of life have condemned the unfortunate incidents of violence that recently took place in parts of Gilgit. They said the recent incident was conspiracy against the Northern region. They demanded of the government to take a
Published 03 Oct, 2009 12:00am
US MIDDAY: wheat and corn drop

US MIDDAY: wheat and corn drop

CBOT December wheat fell nearly 2.5 percent midday on Friday, dropping 12 cents per bushel at $4.40-3/4 on plentiful wheat supplies and spillover pressure from falling soy and corn, traders said. December corn down 7-1/4 cents at $3.33-1/4 a bushel.
Published 03 Oct, 2009 12:00am
US MIDDAY: soya falls below $9

US MIDDAY: soya falls below $9

Chicago Board of Trade November soyabeans fell below $9 for the first time since mid-September, slipping to $8.95-1/2 - the lowest spot price for soya since March 16 when it fell to $8.64-3/4. The market fell on outlooks for a huge US soya harvest.
Published 03 Oct, 2009 12:00am
Gold rises above $1,000 in European trade

Gold rises above $1,000 in European trade

Gold erased initial losses to rise above $1,000 on Friday, reflecting a spike and subsequent retreat in the dollar, as investors fretted over news of deeper than expected US job losses in September. US employers cut a heftier-than-expected 263,000 jobs, l
Published 03 Oct, 2009 12:00am
US MIDDAY: sugar and cocoa tumble

US MIDDAY: sugar and cocoa tumble

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Friday. December arabica coffee contract rose 1.85 cents to $1.2855 per lb at 11:07 am EDT (1507 GMT). Session range from $1.2625 to $1.2910. Arabica coffee futures turned up on inve
Published 03 Oct, 2009 12:00am
London sugar and cocoa lower; coffee up

London sugar and cocoa lower; coffee up

December Liffe white sugar ended $19.50 lower at $589.80 per tonne, weighed by a broad-based downturn in crude oil and other commodities. Market remains underpinned by concerns about excessive rains in top producer Brazil. March cocoa ended 63 pounds lowe
Published 03 Oct, 2009 12:00am
Oil falls over one percent

Oil falls over one percent

Oil fell more than 1 percent on Friday, settling below $70 a barrel after US employment figures raised doubts about the strength of the economic recovery. US crude futures settled down 87 cents at $69.95 a barrel. London Brent crude settled down $1.12 at
Published 03 Oct, 2009 12:00am
Copper hits two-month low

Copper hits two-month low

Copper prices hit a two-month low on Friday after weak jobs data from the United States eroded confidence in demand prospects and reinforced worries about the pace of economic recovery. Benchmark copper on the London Metal Exchange ended at $5,879 a tonne
Published 03 Oct, 2009 12:00am
New York cotton futures settle lower

New York cotton futures settle lower

Cotton futures finished lower Friday on follow-through investor liquidation as the market seems poised to test key support at the bottom of its trading band, brokers said. The December cotton contract lost 0.68 cent to settle at 60.66 cents per lb, tradin
Published 03 Oct, 2009 12:00am
CNG sale at low prices belies claims of nominal profit margin

CNG sale at low prices belies claims of nominal profit margin

Compressed Natural Gas (CNG) is selling at Rs 40 per kg at several filling stations across the provincial capital, which is some Rs 8 less than the price fixed by the Oil and Gas Regulatory Authority (Ogra), owing to stiff competition. The marketing of CN
Published 03 Oct, 2009 12:00am
Industries suffering due to water shortage in Site

Industries suffering due to water shortage in Site

The industries in Site industrial area are experiencing acute shortage of water for last more than three days. Tajammul Hussain Chishti, Executive Director, Naurus (Pvt) Ltd, in a letter to Engr Shamsuddin Sahito, Managing Director, Site Ltd, has drawn hi
Published 03 Oct, 2009 12:00am
Police misbehaviour with media condemned

Police misbehaviour with media condemned

Sindh Home Minister Dr Zulfikar Ali Mirza has taken strict notice of alleged torture on a media representative and cameraman at Baldia Police Station and ordered CCPO Karachi to hold a comprehensive inquiry into the incident and submit a detail report to
Published 03 Oct, 2009 12:00am
Main accused of Rustam Jamali's murder arrested

Main accused of Rustam Jamali's murder arrested

The Crime Investigation Department (CID) claimed to have arrested the main accused of the murder of Balochistan Excise and Taxation Minister Rustam Khan Jamali on Friday. According to details, a police party from CID on a tip off arrested Mohammad Taj out
Published 03 Oct, 2009 12:00am
Baldia Town SHO absconds after registration of cases

Baldia Town SHO absconds after registration of cases

Acting trickily, Baldia Town police let its Station House Officer (SHO) flee after registration of two FIRs against him. According to police sources, two FIRs were registered against Baldia Town SHO Zulfiqar Samoo for torturing a reporter of a private TV
Published 03 Oct, 2009 12:00am
Two cops killed

Two cops killed

Unknown saboteurs opened fire on a Police Mobile Squad in the jurisdiction of Police Station Ghari Kapoora killing two constables on the spot. According to details, unknown miscreants opened indiscriminate fire on Police Mobile Squad killing two constable
Published 03 Oct, 2009 12:00am
Parhiyar to visit Hyderabad today

Parhiyar to visit Hyderabad today

The Chairman Anti-Corruption Sindh, Meer Muhammad Parhiyar will visit Hyderabad on October 3 (today). He would preside over the meeting of officers of Anti-Corruption Sindh and other departments at the committee room of Livestock Department, Shahbaz Build
Published 03 Oct, 2009 12:00am
Magistrates to ensure sugar sale at Rs 40 per kg

Magistrates to ensure sugar sale at Rs 40 per kg

Chief Minister Punjab Muhammad Shahbaz Sharif has directed the provincial administration to ensure sale of sugar at Rs 40 per kilogram and evolve comprehensive strategy in this regard. Presiding over a meeting to review the sale of sugar following the Sup
Published 03 Oct, 2009 12:00am
Majority of sugar dealers not registered with tax authorities

Majority of sugar dealers not registered with tax authorities

Some sugar mill owners have claimed that 90 percent of sugar dealers in country's wholesale markets are not registered with the Federal Board of Revenue (FBR). Sources in Pakistan Sugar Mills Association (PSMA) said that most of the sugar dealers do not c
Published 03 Oct, 2009 12:00am
'Standard of education should be improved'

'Standard of education should be improved'

Former Punjab Finance Minister Shahid Hafeez Kardar while speaking at a seminar on National education policy 2009 organised by South Asia Free Media Association on Friday said that Pakistan spent 1.6 percent of its GDP on education because it did not cons
Published 03 Oct, 2009 12:00am
FTSE falls below 5,000

FTSE falls below 5,000

Britain's leading share index shed 1.2 percent on Friday, led by falls from heavyweight banks, miners, and oils after September's US jobs report fuelled fears that a weak labour market could undermine economic recovery. At the close, the FTSE 100 was 59.1
Published 03 Oct, 2009 12:00am
Asian credit spreads widened

Asian credit spreads widened

Asian credit spreads widened on Friday after US manufacturing data suggested the economic recovery was not as strong as anticipated with a likely pick-up in issuance activity also keeping a lid on demand. The Asia ex-Japan iTraxx investment-grade index wi
Published 03 Oct, 2009 12:00am
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