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Print - 2009-12-06
Anti-China opposition gains ground in Taiwan's local election

Anti-China opposition gains ground in Taiwan's local election

Taiwan's China-friendly ruling party lost a county vote to the opposition on Saturday in elections seen as a first test for President Ma Ying-jeou's policy of engagement with Beijing. The Nationalist Party (KMT) lost the magistrate job in Ilan county to t
Published 06 Dec, 2009 12:00am
Mahmood Alam given additional charge

Mahmood Alam given additional charge

The Federal Board of Revenue (FBR) has given additional charge to Mahmood Alam, (CEG/BS-21), Member Policy (Direct Taxes), FBR (Hqrs), Islamabad will look after the work of Chairman, FBR, in addition to his own duties, during his visit abroad from Decembe
Published 06 Dec, 2009 12:00am
Action against illegal housing colonies ordered

Action against illegal housing colonies ordered

District Co-ordination Officer (DCO), Faisalabad, Saeed Wahlah has asked the concerned authorities to take action under relevant laws against the 257 illegal and unapproved housing colonies in the district and their publicity boards should also be removed
Published 06 Dec, 2009 12:00am
'HBL to continue its role in flourishing industries'

'HBL to continue its role in flourishing industries'

Director, Habib Bank Retail Banking Group, Abid Sattar, has said that Habib Bank Limited (HBL) would continue to play its role in fulfilling the needs of business sectors of southern Punjab and to flourish the industries. He said that southern Punjab is a
Published 06 Dec, 2009 12:00am
Wheat sown on 629,307 acres so far

Wheat sown on 629,307 acres so far

The wheat has been sown on 629,307 acres so far against the fixed target of 714,976 which is 80 percent of the target and 2.19 percent is in excess of the last year. This was informed by DO Agriculture Extension Chaudhry Abdul Hameed during a meeting with
Published 06 Dec, 2009 12:00am
'Prevailing situation proved Altaf's concerns about terrorism'

'Prevailing situation proved Altaf's concerns about terrorism'

Member Central Co-ordination Committee Muttahida Qaumi Movement (MQM) Punjab, Iftikhar Akbar Randhawa has said that Quaid Altaf Hussain has termed terrorism and extremism a cancer for the country and the current situation in the country is a clear proof o
Published 06 Dec, 2009 12:00am
APHC to protest against mass graves in IHK

APHC to protest against mass graves in IHK

The All Parties Hurriyet Conference (APHC) has decided to stage street protests against the mass graves recently discovered in three districts of occupied Kashmir. The APHC Chairman, Mirwaiz Umar Farooq announced that a peaceful protest march would be con
Published 06 Dec, 2009 12:00am
Naek, Jamali condole Habib-ur-Rehman's death

Naek, Jamali condole Habib-ur-Rehman's death

The Chairman Senate Farooq H Naek and Deputy Chairman Senate Jan Muhammad Khan Jamali have expressed their deep grief and sorrow over the sad demise of Senior Journalist and political analyst, Habib-ur-Rehman, who breathed his last in Rawalpindi on Friday
Published 06 Dec, 2009 12:00am
Teachers' training project launched in rural areas

Teachers' training project launched in rural areas

Muslim Aid Project Co-ordinator Education, Sadia Riaz, has said that a new teacher training project has been launched in rural areas of Islamabad, Murree and adjacent areas to overcome shortage of qualified teachers in the country. According to a press re
Published 06 Dec, 2009 12:00am
BISE AJK notifies SSC supplementary exams 2009 results

BISE AJK notifies SSC supplementary exams 2009 results

Azad Jammu and Kashmir Board of Intermediate and Secondary Education, Mirpur, announced the results of Secondary School Certificate examination (Supplementary, 2009). Controller Examination (Schools), AJK BISE told APP here on Saturday that a total of 103
Published 06 Dec, 2009 12:00am
President and Prime Minister greet Thai King on national day

President and Prime Minister greet Thai King on national day

President Asif Ali Zardari and Prime Minister Yusuf Raza Gilani have sent messages of felicitations to the King and Prime Minister of Thailand on their country's national day. President Zardari in his message to King Bhumibhol Adulyadej expressed warm fel
Published 06 Dec, 2009 12:00am
Prime Minister orders inquiry

Prime Minister orders inquiry

Prime Minister Syed Yusuf Raza Gilani on Saturday expressed deep sorrow over the loss of lives in an explosion in a building in Peshawar. The Prime Minister ordered inquiry into the incident.
Published 06 Dec, 2009 12:00am
AJK President to inaugurate sub campus of MUST on December 8

AJK President to inaugurate sub campus of MUST on December 8

AJK President, Raja Zulqarnain Khan will formally inaugurate sub campus of the state-run Mirpur University of Science and Technology (MUST) in Bhimbher on December 8. Registrar of the MUST Professor Shabir Mirza told APP here on Saturday. He said that sub
Published 06 Dec, 2009 12:00am
Government to complete tenure: Faisal Kundi

Government to complete tenure: Faisal Kundi

Deputy Speaker National Assembly Faisal Karim Kundi has said that the government would complete its constitutional term and anti-PPP propaganda would not succeed as the party enjoys the masses support.
Published 06 Dec, 2009 12:00am
8,568 acres state land retrieved from 'Qabza Mafia'

8,568 acres state land retrieved from 'Qabza Mafia'

As many as 8568 acres state land had been retrieved from Qabza Mafia in Faisalabad Division under the direction of Chief Minister Punjab Muhammad Shahbaz Sharif. It was said by the Divisional Commissioner Tahir Hussain at a meeting held to review the pace
Published 06 Dec, 2009 12:00am
Nomad holds workshop on 'Recycling'

Nomad holds workshop on 'Recycling'

The Nomad Art gallery on Saturday opened an exhibition of handicrafts, gifts and aesthetically designed products, which was the result of a workshop on `Recycling' by community women and youth of Saidpur Village. The exhibition and workshop were the part
Published 06 Dec, 2009 12:00am
91,999 cusecs water released from reservoirs

91,999 cusecs water released from reservoirs

Indus River System Authority (Irsa) on Saturday released 91,999 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs recorded was 44,833 cusecs. Water level at Tarbela Dam recorded was at 1429.10 feet.
Published 06 Dec, 2009 12:00am
Registration of private B Com opposed

Registration of private B Com opposed

General Secretary, Private Colleges Association of Punjab, Sajjad Haider, has rejected the recent decision of Punjab University to allow private candidates to register for B.Com programme. He was addressing a press conference along with the association's
Published 06 Dec, 2009 12:00am
Kashmir problem led to extremism in region: Nawaz tells Canadian HC

Kashmir problem led to extremism in region: Nawaz tells Canadian HC

Canadian High Commissioner Radolph Mank called on Pakistan Muslim League (Nawaz) Quaid Muhammad Nawaz Sharif at his Raiwind residence on Saturday and discussed regional as well as bilateral issues besides matter of mutual interest. Talking to the Canadian
Published 06 Dec, 2009 12:00am
Centre, provinces moving towards unanimity on NFC award: Tanvir

Centre, provinces moving towards unanimity on NFC award: Tanvir

Provincial Minister for Finance, Tanvir Ashraf Kaira has said that federation and all the four provinces are going towards unanimous decision regarding NFC award, which will help, meet economic requirements of the provinces besides strengthening the feder
Published 06 Dec, 2009 12:00am
PMKM to convene conference on power crises

PMKM to convene conference on power crises

Pakistan Mutthida Kisan Mahaz (PMKM) has announced to convene a conference of energy experts and engineers to formulate proposals for the solution of power crisis is being faced by the country. The conference would deliberate on the power crisis, its diff
Published 06 Dec, 2009 12:00am
Only unknown faces on way out in cabinet reshuffle

Only unknown faces on way out in cabinet reshuffle

Only the unknown members of the federal cabinet are likely to go in the upcoming reshuffle, said sources. It may be noted that in a section of the press it has been reported that prime minister Yousuf Raza Gilani is all set to dissolve the cabinet within
Published 06 Dec, 2009 12:00am
Seven traffic wardens fired

Seven traffic wardens fired

Chief Traffic Officer, SSP Dr Muhammad Akhtar Abass on Saturday dismissed seven traffic wardens from service for showing poor performance and remaining absent from duty. They include Asif Iqbal, Irfan Ullah, Khurrum Ilyas, Yasir Ali, Atif, Attique ur Rehm
Published 06 Dec, 2009 12:00am
Monitoring of yarn export: TDAP chief holds meeting with Aptma leaders

Monitoring of yarn export: TDAP chief holds meeting with Aptma leaders

Chief Executive of Trade Development Authority of Pakistan (TDAP) Syed Mohibullah Shah held a meeting with Chairman and leaders of All Pakistan Textile Mills Association (Aptma) and downstream industries to carry out the monitoring of export of yarn throu
Published 06 Dec, 2009 12:00am
'EU to take up Pak-Belgium FTA in February 2010'

'EU to take up Pak-Belgium FTA in February 2010'

Ambassador of Belgium, Hans-Christian Kint on Saturday said a meeting of the European Union will be held in February 2010 to discuss issue of Free Trade Agreement (FTA) between Pakistan and Belgium. Speaking at the inaugural ceremony of Belgium catalogue
Published 06 Dec, 2009 12:00am
Shehri-CBE organises seminar on 'Facing Urban Challenges of Karachi'

Shehri-CBE organises seminar on 'Facing Urban Challenges of Karachi'

The signal free corridors, constructed by the City District Government Karachi (CDGK) with the investment of billions of rupees, will not improve the traffic problems in the city, until a public friendly transport system has been introduced. The more the
Published 06 Dec, 2009 12:00am
Property dealer, his guard gunned down

Property dealer, his guard gunned down

A property dealer and his gunman were killed, while his driver received injuries when two unidentified armed persons sprayed bullets on them in the jurisdiction of Defence police station on Saturday. SHO Defence Rao Khalid said Pervez Rais Siddiqui was go
Published 06 Dec, 2009 12:00am
Protests held against acquittal of accused in Murtaza case

Protests held against acquittal of accused in Murtaza case

Pakistan Peoples Party-Shaheed Bhutto (PPP-SB) on Saturday staged protest demonstrations against the acquittal of all the accused in Murtaza Bhutto murder case by a district court. A large number of enraged party activists took to streets and staged prote
Published 06 Dec, 2009 12:00am
Recruitment to Army Supply & Transport Battalion

Recruitment to Army Supply & Transport Battalion

28 Supply and Transport Battalion, Army Service Corps Hyderabad has said that the recruitment of clerks, drivers, store man, driver animal transport, trade man and cooks in the battalion would continue up to December 26, 2009 (excluding Friday).
Published 06 Dec, 2009 12:00am
Fifth Karachi International Book Fair on December 10

Fifth Karachi International Book Fair on December 10

The Fifth Karachi International Book Fair 2009 will be organised in the metropolis from December 10 to 14. The event is being held under the auspices of the Pakistan Publishers and Booksellers Association (PPBA) in collaboration with the National Book Fou
Published 06 Dec, 2009 12:00am
Massacre at mosque shows Taliban strength

Massacre at mosque shows Taliban strength

A Taliban suicide squad targeted Pakistani military officers and their families praying at a mosque close to army headquarters in a gruesome display of the militants' ability to strike at the centre of power in the US-allied, nuclear-armed nation. The bar
Published 06 Dec, 2009 12:00am
PAC claims Rs 112 million from irrigation, power department

PAC claims Rs 112 million from irrigation, power department

Ordering to issue show-cause notices to the officials of Irrigation and Power department for non-production of financial record, the Public Accounts Committee (PAC) of Sindh Assembly on Saturday claimed to have recovered some Rs 112 million from the depar
Published 06 Dec, 2009 12:00am
Ban imposed on parking in Saddar

Ban imposed on parking in Saddar

On the report of City Nazim regarding overcrowded parking in Saddar area, the home department of Sindh government has imposed ban on parking under Section 144 Cr P.C on nine roads of Saddar.
Published 06 Dec, 2009 12:00am
Moot highlights women's role in media

Moot highlights women's role in media

The media experts and senior journalists of Hyderabad have stressed upon the print and electronic media managers to encourage women folk in their media organisations and reverse the practice of gender discrimination in the society. This they said while de
Published 06 Dec, 2009 12:00am
Results of BMU aptitude tests on December 7

Results of BMU aptitude tests on December 7

The results of the aptitude tests of candidates seeking admission in Pharm D, Medical Technology and Physiotherapy programs of Baqai Medical University (BMU), will be announced on Monday (tomorrow), 7th December, 2009. The result sheet will be placed at t
Published 06 Dec, 2009 12:00am
Bid to smuggle huge quantity of tea foiled

Bid to smuggle huge quantity of tea foiled

The Directorate General, Intelligence and Investigation (DGI&I), foiled a bid to smuggle a huge quantity of tea imported under Afghan Transit Trade (ATT) on Saturday. A credible information, received by Mohammad Zahid, Director-General, DGI&I, Karachi, sa
Published 06 Dec, 2009 12:00am
Loan written off issue: PML-Q leader demands judicial probe

Loan written off issue: PML-Q leader demands judicial probe

The Pakistan Muslim League-Quaid-e-Azam (PML-Q) leader and Opposition Leader in Sindh Assembly Jam Madad Ali Khan on Saturday demanded of the Supreme Court to constitute a commission to probe into the issue of writing off of the bank loans. Addressing a p
Published 06 Dec, 2009 12:00am
Security deposit removed

Security deposit removed

After discussion with the stockholders and in consideration with the requirement of letter of credit already incorporated in the Registration Certificate for monitoring of export of yarn, it has been decided to delete the requirement of security deposit o
Published 06 Dec, 2009 12:00am
No 'worst outages' during upcoming canal closure

No 'worst outages' during upcoming canal closure

Loadshedding during upcoming canal closure, in between December 25 to January 31, would not be as worst as it was last year when country witnessed 10 to 12 hours loadshedding daily, especially in the aftermath of tragic killing of Pakistan Peoples Party C
Published 06 Dec, 2009 12:00am
Lawyers boycott court

Lawyers boycott court

Legal fraternity here Saturday observed boycott of the courts in metropolis to condemn the killing of innocent people in blast. The lawyers on Punjab Bar Council call did not appear before the courts to express solidarity with the bereaved families. Conde
Published 06 Dec, 2009 12:00am
The rising discontent

The rising discontent

With the PPP-led government locked in a determined struggle to contain the Taliban insurgency, the middle classes in Pakistan have largely been left at the mercy of a crippling squeeze, generated by galloping inflation, a depreciated Pakistani rupee and t
Published 06 Dec, 2009 12:00am
Taking fingers off the nuclear button

Taking fingers off the nuclear button

In Pakistan, there is no such thing as 'finger on the nuclear button'. So it is no big deal that President Zardari has surrendered the chairmanship of the Nuclear Command Authority (NCA) to Prime Minister Gilani. With an elaborate nuclear doctrine and a f
Published 06 Dec, 2009 12:00am
Persons with disabilities

Persons with disabilities

Dignity and justice for all of us is the theme of this year's International Day for Persons with Disabilities, as well as for the 60th anniversary of the Universal Declaration of Human Rights.
Published 06 Dec, 2009 12:00am
Value at risk: A guide for financial investments

Value at risk: A guide for financial investments

Value at Risk (VaR) is fast becoming an industry benchmark for managing financial risk. VaR is a useful concept, which is widely used for financial risk management and for evaluating the riskiness of financial investments. VaR is a single number, which me
Published 06 Dec, 2009 12:00am
Moot on climate change

Moot on climate change

The world leaders are set to meet tomorrow in Copenhagen at the United Nations Climate Change Conference 2009, where they will hold discussions and evolve a strategy to counter the growing menace of climate change and international environmental pollution
Published 06 Dec, 2009 12:00am
'Climate friendly' N-power station in controversial comeback

'Climate friendly' N-power station in controversial comeback

To stand underneath a nuclear reactor is a rare, unnerving experience. In the control-rod drive chamber at the Kruemmel nuclear power plant near Hamburg, where spars of boron carbide and hafnium are pushed upward into the reactor to regulate the fission o
Published 06 Dec, 2009 12:00am
Security situation in Pakistan

Security situation in Pakistan

Pakistan wants to have good relations with the foreign world but the security situation is tense and volatile. A number of incidents describe the grave nature of the situation in FATA, Swat and other parts of NWFP, as well as the violence reported from in
Published 06 Dec, 2009 12:00am
Beginning of the rights of Balochistan

Beginning of the rights of Balochistan

Serious work has begun on the phase-wise implementation of 'Aghaaze Haqooqe Balochistan" (Beginning of the Rights of Balochistan) package, which indicates that the Zardari-Gilani dispensation is serious about bringing relief and sense of dignity among the
Published 06 Dec, 2009 12:00am
Government hospitals are in bad condition: KCCI President

Government hospitals are in bad condition: KCCI President

President, Karachi Chamber of Commerce and Industry, Abdul Majid Haji Muhammad has said that health and education sectors hold fundamental importance for any country and presently Pakistan is in a dire need of establishing high quality educational and hea
Published 06 Dec, 2009 12:00am
Businessmen express solidarity with armed forces

Businessmen express solidarity with armed forces

Federation of Pakistan Chamber of Commerce and Industry (FPCCI), its affiliated chambers and associations have expressed complete solidarity with Pakistan armed forces in the war against terrorists, scheming foreign elements and local militants in South W
Published 06 Dec, 2009 12:00am
PML-N leader for recovery of written-off loans

PML-N leader for recovery of written-off loans

Special Assistant to Chief Minister Punjab, MNA Malik Afzal Khokhar, has said that those who got their loans written off and who provided them the facility, both are "national criminals". In a statement issued here he said every child of Pakistan was unde
Published 06 Dec, 2009 12:00am
Another victim of Naval blast passes away

Another victim of Naval blast passes away

Another security official who sustained serious injuries in Naval Complex gate suicide attack on Tuesday expired on Saturday. According to spokesman of Pakistan Navy Captain Mobeen, the security official Abdul Ghaffar was under treatment in PNS Zafar Hosp
Published 06 Dec, 2009 12:00am
Lawyers boycott courts to protest Rawalpindi attack

Lawyers boycott courts to protest Rawalpindi attack

The lawyers on Saturday boycotted courts' proceedings in protest against the Rawalpindi episode, which claimed more than 40 precious lives including children and elders. The lawyers' leaders termed the attack conspiracy of Israel and India to destabilise
Published 06 Dec, 2009 12:00am
Weekly inflation decreases by 0.09 percent

Weekly inflation decreases by 0.09 percent

The Sensitive Price Indicator (SPI), for the week ended on December 03, for the lowest income group up to Rs 3,000, has registered decrease of 0.09 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded
Published 06 Dec, 2009 12:00am
Capital gets explosives, weapons-detecting scanners

Capital gets explosives, weapons-detecting scanners

The government has received explosives and weapons detecting scanners from China and is all set to install these scanners at strategic points in Islamabad to check entry of terrorists and explosive laden vehicles. According to Interior Minister Rehman Mal
Published 06 Dec, 2009 12:00am
Attack on senior APHC leader denounced

Attack on senior APHC leader denounced

In occupied Kashmir, the All Parties Hurriyet Conference and other liberation parties have strongly condemned the attack on the 66-year old senior APHC leader, Fazl Haq Qureshi. An attempt was made on the life of Fazl Haq Qureshi, on Friday evening, in oc
Published 06 Dec, 2009 12:00am
Peshawar blast denounced

Peshawar blast denounced

Leader of the House Syed Nayyer Hussain Bukhari and Leader of the Opposition, in the Senate, Wasim Sajjad Saturday strongly condemned the car bomb blast that occurred at Peshawar, resulting in lost of precious lives. In their separate messages, they said
Published 06 Dec, 2009 12:00am
Law & Justice body recommends amendments to various laws

Law & Justice body recommends amendments to various laws

The Law and Justice Commission has taken notice of the misuse of Section 489-F of the Pakistan Penal Code (PPC) relating to punishment awarded to an accused person for bouncing of a cheque. The meeting was held under the Chairmanship of Chief Justice of P
Published 06 Dec, 2009 12:00am
Rulers not able to persuade foreign investors: PML-N

Rulers not able to persuade foreign investors: PML-N

Pakistan Muslim League-Nawaz (PML-N) Overseas Central Secretary General Sheikh Kaiser Mehmood has said that the rulers have not been able to persuade foreign investors to invest in Pakistan. As no foreign investor would invest in the country until we get
Published 06 Dec, 2009 12:00am
Pakistan Iran relations

Pakistan Iran relations

Pakistan has always played an important role due to its strategic location. Both Pakistan and Iran are Muslim countries and leading players of South West Asia. Iran is also neighbour of Pakistan and both share a common border. Pakistan-Iran share 564 mile
Published 06 Dec, 2009 12:00am
Shopkeepers relish sale bonanza of Sindhi cap

Shopkeepers relish sale bonanza of Sindhi cap

The sale of Sindhi cap all over Sindh has recorded a boom as various parties will observe the 'Sindhi Cap' Day on Sunday (December 6) to express solidarity and love for the culture of Sindh. Almost all shops in Hyderabad which sell Sindhi caps have now be
Published 06 Dec, 2009 12:00am
'1,400 schools removed from ghost list'

'1,400 schools removed from ghost list'

Sindh Education Minister Pir Mazhar-ul-Haq has informed that 1,700 building structures, which were constructed in the name of schools and found abandoned in various parts of the province had been expunged from the list of 5,700 non-functional schools. The
Published 06 Dec, 2009 12:00am
Tens of thousands march against Berlusconi

Tens of thousands march against Berlusconi

Tewns of thousands of people demonstrated in the centre of Rome against Italian Prime Minister Silvio Berlusconi Saturday after an Internet call for a "No Berlusconi Day." Most of them wore scarves, T-shirts or sweaters in various shades of violet after t
Published 06 Dec, 2009 12:00am
14 killed in shootout, prison break in Mexico

14 killed in shootout, prison break in Mexico

Fourteen people were killed Friday in northern Monterrey, including 11 drug traffickers and a woman passer-by in a shootout with police, and two police officers during a prison breakout, state officials said. The firefight between suspected drug trafficke
Published 06 Dec, 2009 12:00am
Obama, Hu lookalikes in German rising tide protest

Obama, Hu lookalikes in German rising tide protest

German climate activists posing as international leaders sat inside a giant aquarium which was filled with water on Saturday in a protest held in Berlin against the world's rising sea levels. Around 20,000 people marched in London on Saturday to protest a
Published 06 Dec, 2009 12:00am
US Marines advance in southern Afghanistan

US Marines advance in southern Afghanistan

US Marines pressed into a remote Taliban stronghold on Saturday with their first major assault in Afghanistan since President Barack Obama earmarked 30,000 more troops to try to turn the tide on the Taliban insurgency. Operation "Cobra's Anger", which inv
Published 06 Dec, 2009 12:00am
Karzai to unveil Afghan cabinet 'within days'

Karzai to unveil Afghan cabinet 'within days'

Afghan President Hamid Karzai will submit at least part of his long-awaited cabinet to parliament within days, amid mounting Western pressure to wipe out corruption, officials said Saturday. Re-elected for a second term following an August election scarre
Published 06 Dec, 2009 12:00am
Iran needs 20 nuclear fuel sites

Iran needs 20 nuclear fuel sites

Iran needs 20 uranium enrichment plants to produce enough fuel for its nuclear power plants and has no plans to withdraw from the Non-Proliferation Treaty, the official IRNA news agency reported on Saturday. "To provide fuel for our nuclear power plants,
Published 06 Dec, 2009 12:00am
Venezuela takes over three more small banks

Venezuela takes over three more small banks

Venezuela on Friday took over three more banks, raising the week's tally to seven, in a clean-up of the financial sector that has worried investors but seen unlikely to herald a major nationalisation wave. Finance Minister Ali Rodriguez said the three sma
Published 06 Dec, 2009 12:00am
Treasuries tumble

Treasuries tumble

US Treasury debt prices tumbled on Friday, sending yields to three-week highs, as a surprisingly low number of US job losses in November fuelled economic recovery hope and sapped demand for safe-haven bonds. The government said the US economy lost 11,000
Published 06 Dec, 2009 12:00am
Treasuries tumble

Treasuries tumble

US Treasury debt prices tumbled on Friday, sending yields to three-week highs, as a surprisingly low number of US job losses in November fuelled economic recovery hope and sapped demand for safe-haven bonds. The government said the US economy lost 11,000
Published 06 Dec, 2009 12:00am
Korean bonds off lows

Korean bonds off lows

South Korean government bond prices trimmed some of their earlier heavy losses on Friday as strong quarterly economic data was countered by the authorities' vows to sustain accommodative policy. The debt market opened sharply lower on renewed fears of a r
Published 06 Dec, 2009 12:00am
Korean bonds off lows

Korean bonds off lows

South Korean government bond prices trimmed some of their earlier heavy losses on Friday as strong quarterly economic data was countered by the authorities' vows to sustain accommodative policy. The debt market opened sharply lower on renewed fears of a r
Published 06 Dec, 2009 12:00am
US Treasury Outlook: non-farm payrolls report seen determining influence

US Treasury Outlook: non-farm payrolls report seen determining influence

The US Treasuries market approaches Friday's US employment report with the expectation payrolls shed fewer jobs in November than October. Yields have risen this week, unwinding a safety bid related to debt issues in Dubai that created fresh demand for US
Published 06 Dec, 2009 12:00am
US Treasury Outlook: non-farm payrolls report seen determining influence

US Treasury Outlook: non-farm payrolls report seen determining influence

The US Treasuries market approaches Friday's US employment report with the expectation payrolls shed fewer jobs in November than October. Yields have risen this week, unwinding a safety bid related to debt issues in Dubai that created fresh demand for US
Published 06 Dec, 2009 12:00am
US corporate bond spreads narrow

US corporate bond spreads narrow

US credit spreads tightened on Friday after the Labour Department said the economy shed far fewer jobs than forecast last month, raising hopes the recovery is gaining traction. The cost of protecting corporate debt with credit default swaps fell, with the
Published 06 Dec, 2009 12:00am
US corporate bond spreads narrow

US corporate bond spreads narrow

US credit spreads tightened on Friday after the Labour Department said the economy shed far fewer jobs than forecast last month, raising hopes the recovery is gaining traction. The cost of protecting corporate debt with credit default swaps fell, with the
Published 06 Dec, 2009 12:00am
Turkish bonds slip

Turkish bonds slip

Turkish bonds fell on Friday after a surprise spike in November inflation data put pay to expectations of a last interest-rate cut by the Central Bank, while shares gained further after Turkey's upgrade by Fitch. Consumer prices rose a higher than expecte
Published 06 Dec, 2009 12:00am
Turkish bonds slip

Turkish bonds slip

Turkish bonds fell on Friday after a surprise spike in November inflation data put pay to expectations of a last interest-rate cut by the Central Bank, while shares gained further after Turkey's upgrade by Fitch. Consumer prices rose a higher than expecte
Published 06 Dec, 2009 12:00am
Canadian shares lower

Canadian shares lower

Toronto's main stock index dropped on Friday as a slide in commodity prices hurt the resource-heavy index and wiped out nearly all the gains recorded earlier in the week. The sharp pullback was headlined by shares of Barrick Gold Corp, which fell 8.7 perc
Published 06 Dec, 2009 12:00am
Chilian stocks up

Chilian stocks up

Chile's blue chip IPSA stock index closed higher on Friday, led by retail shares ahead of a 2010 investment plan announcement by top retailer Cencosud, while the peso slipped, traders said. The IPSA rose 0.62 percent to close at 3,349.73 points, while the
Published 06 Dec, 2009 12:00am
Canadian bonds drop

Canadian bonds drop

The Canadian bond prices were lower across the curve on Friday following the jobs data, but the selling began on both sides of the border even before the release of the employment reports, analysts said. "Better than expected jobs reports might feed stron
Published 06 Dec, 2009 12:00am
Canadian bonds drop

Canadian bonds drop

The Canadian bond prices were lower across the curve on Friday following the jobs data, but the selling began on both sides of the border even before the release of the employment reports, analysts said. "Better than expected jobs reports might feed stron
Published 06 Dec, 2009 12:00am
Saudi hails 'perfect' price at Arab oil meeting

Saudi hails 'perfect' price at Arab oil meeting

Top oil exporter Saudi Arabia on Saturday described the current oil price as stable and "perfect" for consuming and producing nations as he led talks in Cairo with other Arab oil ministers. With oil around $75 a barrel, ministers said there was no need fo
Published 06 Dec, 2009 12:00am
Saudi investors shrug off Dubai debt crisis

Saudi investors shrug off Dubai debt crisis

Saudi stocks closed down one percent on Saturday as investors shrugged off neighbouring Dubai's debt crisis in the first trading day on the Riyadh market in nearly two weeks. The Gulf's largest equities market sank 2.3 percent when trading opened for the
Published 06 Dec, 2009 12:00am
BHP, Rio seal iron ore joint venture agreement

BHP, Rio seal iron ore joint venture agreement

Mining giants BHP Billiton and Rio Tinto on Saturday signed a $116 billion iron ore joint venture agreement to combine their Western Australian iron ore operations. The agreement brings together two of the world's three largest iron ore producers, and has
Published 06 Dec, 2009 12:00am
Gold price extends record run higher

Gold price extends record run higher

Gold prices broke through 1,200 dollars for the first time ever last week, cementing the precious metal's rapid rise over the past year as nervous traders sought safe-haven investments. There were meanwhile multi-month highs for silver, platinum and palla
Published 06 Dec, 2009 12:00am
US soya exports eye EU

US soya exports eye EU

Sizzling US soyabean export sales appeared poised to cool down this month after a record run, but a long-awaited EU ruling on genetically modified corn will help the market maintain its momentum for a while longer. US soyabean and soyameal sales to the Eu
Published 06 Dec, 2009 12:00am
Asian palm oil sector wary of 2010 after strong rally

Asian palm oil sector wary of 2010 after strong rally

Prospects for global vegetable oil supplies to grow faster than demand next year, putting a halt to an impressive price rally, are likely to dominate a palm oil meeting in Indonesia this week. Resilient Asian demand, and tight stocks of soyoil and palm oi
Published 06 Dec, 2009 12:00am
New York coffee slip

New York coffee slip

Arabica coffee closed down more than 2 percent Friday, falling from Thursday's four-week high and giving back this week's gains on pressure from the strong dollar, traders said. Arabica coffee futures for benchmark March delivery dropped 3.30 cents, or 2.
Published 06 Dec, 2009 12:00am
Strong dollar drags New York sugar to weak settlement

Strong dollar drags New York sugar to weak settlement

Raw sugar futures tumbled on Friday, closing down 2.6 percent on pressure from currency after better-than-expected US jobs data pushed the dollar sharply higher, brokers said. The March raw sugar contract dropped 0.59 cent or 2.6 percent to close at 22.52
Published 06 Dec, 2009 12:00am
US soya softer

US soya softer

US soyabean futures closed lower on Friday, weighed down by a firm dollar despite persistently strong export and domestic demand for US soya. CBOT January down 4 cents at $10.43 a bushel. Funds sold 3,000 lots. Exporters sell 232,000 tonnes US soyabeans t
Published 06 Dec, 2009 12:00am
US rice up

US rice up

US rice futures closed firm on support from strong Asian rice prices but a firm dollar limited gains. CBOT January up 1 cent at $15.71-1/2 per hundredweight. Vietnam to boost 2010 rice production-attache. South Korea says seeks 74,462 tonnes non-glutinous
Published 06 Dec, 2009 12:00am
World market price for upland cotton

World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 57.82 cents per lb, effective through December 10. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton.
Published 06 Dec, 2009 12:00am
New York cocoa drifts lower

New York cocoa drifts lower

US cocoa futures finished lower on Friday in choppy and modest dealings, pressured by the strong dollar but underpinned by long-term supply concerns, traders said. The benchmark March contract inched down $12 to close at $3,376 per tonne. Session range fr
Published 06 Dec, 2009 12:00am
General Motors chairman shakes up senior management

General Motors chairman shakes up senior management

General Motors Co Chairman and Chief Executive Ed Whitacre announced a broad shake-up of the automaker's senior leadership on Friday, tightening his grip on the company three days after replacing its CEO. The shake-up suggests that Whitacre, the 68-year-o
Published 06 Dec, 2009 12:00am
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