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Print - 2009-12-26
Woman knocks down Pope at Christmas mass

Woman knocks down Pope at Christmas mass

A woman the Vatican described as unstable jumped over a barricade, lunged at Pope Benedict and knocked him to the floor at the start of his Christmas Eve mass in St Peter's Basilica. The 82-year-old pope was apparently not harmed and went on to finish the
Published 26 Dec, 2009 12:00am
Woman knocks down Pope at Christmas mass

Woman knocks down Pope at Christmas mass

A woman the Vatican described as unstable jumped over a barricade, lunged at Pope Benedict and knocked him to the floor at the start of his Christmas Eve mass in St Peter's Basilica. The 82-year-old pope was apparently not harmed and went on to finish the
Published 26 Dec, 2009 12:00am
Shading net consignment seized

Shading net consignment seized

Directorate General of Intelligence and Investigation (DGI&I), Federal Board of Revenue (FBR) has seized a consignment of shading net for green houses imported from China in the garb of woven fabric. Sources said that the staff of DGI&I has detained the c
Published 26 Dec, 2009 12:00am
Shading net consignment seized

Shading net consignment seized

Directorate General of Intelligence and Investigation (DGI&I), Federal Board of Revenue (FBR) has seized a consignment of shading net for green houses imported from China in the garb of woven fabric. Sources said that the staff of DGI&I has detained the c
Published 26 Dec, 2009 12:00am
Shading net consignment seized

Shading net consignment seized

Directorate General of Intelligence and Investigation (DGI&I), Federal Board of Revenue (FBR) has seized a consignment of shading net for green houses imported from China in the garb of woven fabric. Sources said that the staff of DGI&I has detained the c
Published 26 Dec, 2009 12:00am
Oil crisis in the offing

Oil crisis in the offing

With the country in the grip of a power crisis, it has been reported that an oil crisis is ready to happen. Pakistan has five major oil refineries, with the following designed capacities: Attock Refinery Limited (ARL), 40,000 BPD, Pakistan Refinery Limite
Published 26 Dec, 2009 12:00am
Oil crisis in the offing

Oil crisis in the offing

With the country in the grip of a power crisis, it has been reported that an oil crisis is ready to happen. Pakistan has five major oil refineries, with the following designed capacities: Attock Refinery Limited (ARL), 40,000 BPD, Pakistan Refinery Limite
Published 26 Dec, 2009 12:00am
Oil crisis in the offing

Oil crisis in the offing

With the country in the grip of a power crisis, it has been reported that an oil crisis is ready to happen. Pakistan has five major oil refineries, with the following designed capacities: Attock Refinery Limited (ARL), 40,000 BPD, Pakistan Refinery Limite
Published 26 Dec, 2009 12:00am
July-October LSM registers 0.67 percent growth

July-October LSM registers 0.67 percent growth

Large Scale Manufacturing (LSM) has witnessed a marginal growth of 0.67 percent during the first four months of current fiscal year as compared to the same period of last year, according to Federal Bureau of Statistics (FBS). The growth is based on the la
Published 26 Dec, 2009 12:00am
July-October LSM registers 0.67 percent growth

July-October LSM registers 0.67 percent growth

Large Scale Manufacturing (LSM) has witnessed a marginal growth of 0.67 percent during the first four months of current fiscal year as compared to the same period of last year, according to Federal Bureau of Statistics (FBS). The growth is based on the la
Published 26 Dec, 2009 12:00am
July-October LSM registers 0.67 percent growth

July-October LSM registers 0.67 percent growth

Large Scale Manufacturing (LSM) has witnessed a marginal growth of 0.67 percent during the first four months of current fiscal year as compared to the same period of last year, according to Federal Bureau of Statistics (FBS). The growth is based on the la
Published 26 Dec, 2009 12:00am
Fresh inflow of $6.338 million foreign portfolio investment

Fresh inflow of $6.338 million foreign portfolio investment

A fresh inflow of 6.338 million dollar of foreign portfolio investment at the Karachi share market was witnessed during the week ended December 24, 2009. "The offshore investors interest seems to be reviving at the local equity market and they are coming
Published 26 Dec, 2009 12:00am
Fresh inflow of $6.338 million foreign portfolio investment

Fresh inflow of $6.338 million foreign portfolio investment

A fresh inflow of 6.338 million dollar of foreign portfolio investment at the Karachi share market was witnessed during the week ended December 24, 2009. "The offshore investors interest seems to be reviving at the local equity market and they are coming
Published 26 Dec, 2009 12:00am
Fresh inflow of $6.338 million foreign portfolio investment

Fresh inflow of $6.338 million foreign portfolio investment

A fresh inflow of 6.338 million dollar of foreign portfolio investment at the Karachi share market was witnessed during the week ended December 24, 2009. "The offshore investors interest seems to be reviving at the local equity market and they are coming
Published 26 Dec, 2009 12:00am
Commerce wing fails to achieve targets

Commerce wing fails to achieve targets

Despite lavish spending, Domestic Commerce Wing of Ministry of Commerce has failed to achieve the targets set to boost the exports even after passing of one year due to weak management system, Business Recorder has learnt. Domestic Commerce Wing st
Published 26 Dec, 2009 12:00am
Commerce wing fails to achieve targets

Commerce wing fails to achieve targets

Despite lavish spending, Domestic Commerce Wing of Ministry of Commerce has failed to achieve the targets set to boost the exports even after passing of one year due to weak management system, Business Recorder has learnt. Domestic Commerce Wing st
Published 26 Dec, 2009 12:00am
Commerce wing fails to achieve targets

Commerce wing fails to achieve targets

Despite lavish spending, Domestic Commerce Wing of Ministry of Commerce has failed to achieve the targets set to boost the exports even after passing of one year due to weak management system, Business Recorder has learnt. Domestic Commerce Wing st
Published 26 Dec, 2009 12:00am
TPAS established at reformed units

TPAS established at reformed units

The Federal Board of Revenue (FBR) has set up the Taxpayer''s Audit Monitoring System (TPAS) at the reformed units for automation of taxpayers audit and monitoring of auditors transactions/activities during composite audit of sales tax and income tax. Acc
Published 26 Dec, 2009 12:00am
TPAS established at reformed units

TPAS established at reformed units

The Federal Board of Revenue (FBR) has set up the Taxpayer's Audit Monitoring System (TPAS) at the reformed units for automation of taxpayers audit and monitoring of auditors transactions/activities during composite audit of sales tax and income tax. Acco
Published 26 Dec, 2009 12:00am
TPAS established at reformed units

TPAS established at reformed units

The Federal Board of Revenue (FBR) has set up the Taxpayer's Audit Monitoring System (TPAS) at the reformed units for automation of taxpayers audit and monitoring of auditors transactions/activities during composite audit of sales tax and income tax. Acco
Published 26 Dec, 2009 12:00am
Transit rules violations: FBR suggests increased penalty

Transit rules violations: FBR suggests increased penalty

The Federal Board of Revenue has proposed substantial raise in penalty on violations of transit rules under the Afghan Transit Trade Agreement (ATTA) following huge increase in volume of import under transit trade. Sources told Business Recorder he
Published 26 Dec, 2009 12:00am
Transit rules violations: FBR suggests increased penalty

Transit rules violations: FBR suggests increased penalty

The Federal Board of Revenue has proposed substantial raise in penalty on violations of transit rules under the Afghan Transit Trade Agreement (ATTA) following huge increase in volume of import under transit trade. Sources told Business Recorder he
Published 26 Dec, 2009 12:00am
Transit rules violations: FBR suggests increased penalty

Transit rules violations: FBR suggests increased penalty

The Federal Board of Revenue has proposed substantial raise in penalty on violations of transit rules under the Afghan Transit Trade Agreement (ATTA) following huge increase in volume of import under transit trade. Sources told Business Recorder he
Published 26 Dec, 2009 12:00am
Government to undo 17th Amendment soon, Gilani assures Nawaz

Government to undo 17th Amendment soon, Gilani assures Nawaz

Prime Minister Syed Yusuf Raza Gilani has assured Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif that the government would soon abolish 17th amendment. The Prime Minister telephoned Nawaz Sharif and congratulated him on his birthday and said that
Published 26 Dec, 2009 12:00am
Government to undo 17th Amendment soon, Gilani assures Nawaz

Government to undo 17th Amendment soon, Gilani assures Nawaz

Prime Minister Syed Yusuf Raza Gilani has assured Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif that the government would soon abolish 17th amendment. The Prime Minister telephoned Nawaz Sharif and congratulated him on his birthday and said that
Published 26 Dec, 2009 12:00am
Zardari pays homage to Quaid-e-Azam

Zardari pays homage to Quaid-e-Azam

President Asif Ali Zardari on Friday visited the mausoleum of the Quaid-e-Azam Mohammed Ali Jinnah to pay homage to the founder of the nation on his 133rd birth anniversary. The president was accompanied by Governor Sindh Dr Ishratul Ebad Khan, Chief Mini
Published 26 Dec, 2009 12:00am
British parents admit raiding children''s piggy banks

British parents admit raiding children''s piggy banks

One fifth of parents in recession-hit Britain admit they have dipped into their children''s savings accounts to make ends meet, a survey for a financial services company said Friday. About 22 percent of parents said they had been forced to raid their chil
Published 26 Dec, 2009 12:00am
British parents admit raiding children's piggy banks

British parents admit raiding children's piggy banks

One fifth of parents in recession-hit Britain admit they have dipped into their children's savings accounts to make ends meet, a survey for a financial services company said Friday. About 22 percent of parents said they had been forced to raid their child
Published 26 Dec, 2009 12:00am
British parents admit raiding children's piggy banks

British parents admit raiding children's piggy banks

One fifth of parents in recession-hit Britain admit they have dipped into their children's savings accounts to make ends meet, a survey for a financial services company said Friday. About 22 percent of parents said they had been forced to raid their child
Published 26 Dec, 2009 12:00am
Japan steel output recovery to slow in January-March

Japan steel output recovery to slow in January-March

A recovery in Japan's crude steel output will extend into the January-March quarter on brisk exports and demand from manufacturers, but the recovery trend is losing steam amid an uncertain economic outlook, a ministry official said.
Published 26 Dec, 2009 12:00am
SBP all set to launch e-bond trading

SBP all set to launch e-bond trading

The State Bank of Pakistan is all set to launch first-ever Electronic Bond Trading Platform (e-bond) in January 2010 to develop a secondary market for trading of the government securities. Sources in the banking sector told Business Recorder that a
Published 26 Dec, 2009 12:00am
SBP all set to launch e-bond trading

SBP all set to launch e-bond trading

The State Bank of Pakistan is all set to launch first-ever Electronic Bond Trading Platform (e-bond) in January 2010 to develop a secondary market for trading of the government securities. Sources in the banking sector told Business Recorder that a
Published 26 Dec, 2009 12:00am
SBP all set to launch e-bond trading

SBP all set to launch e-bond trading

The State Bank of Pakistan is all set to launch first-ever Electronic Bond Trading Platform (e-bond) in January 2010 to develop a secondary market for trading of the government securities. Sources in the banking sector told Business Recorder that a
Published 26 Dec, 2009 12:00am
SBP all set to launch e-bond trading

SBP all set to launch e-bond trading

The State Bank of Pakistan is all set to launch first-ever Electronic Bond Trading Platform (e-bond) in January 2010 to develop a secondary market for trading of the government securities. Sources in the banking sector told Business Recorder that a
Published 26 Dec, 2009 12:00am
Ban imposed on speeches by Indian Zakireen

Ban imposed on speeches by Indian Zakireen

Federal Interior Minister Rehman Malik said that the Interior Ministry has imposed ban on speeches of Indian Zakireen, Shia Ulema in Pakistan during the month of Muharram-ul-Harram. "Zakireen, Ulema and scholars hailing from India would not be allowed to
Published 26 Dec, 2009 12:00am
Ban imposed on speeches by Indian Zakireen

Ban imposed on speeches by Indian Zakireen

Federal Interior Minister Rehman Malik said that the Interior Ministry has imposed ban on speeches of Indian Zakireen, Shia Ulema in Pakistan during the month of Muharram-ul-Harram. "Zakireen, Ulema and scholars hailing from India would not be allowed to
Published 26 Dec, 2009 12:00am
The Weather

The Weather

The weather report on Friday (December 25, 2009) and the forecast for Saturday (December 26, 2009).

Published 26 Dec, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 26 Dec, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 26 Dec, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 25, 2009).

Published 26 Dec, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 25, 2009).

Published 26 Dec, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (December 25, 2009).

Published 26 Dec, 2009 12:00am
BRIDGE NOTES: The imaginative defence

BRIDGE NOTES: The imaginative defence

There are times when, in bridge, a defender is put in a tight corner with no beacon of light visible to lead him out of the dark alleys facing him. Undoubtedly, he knows that probably choosing the right alley can lead him from darkness to light.
Published 26 Dec, 2009 12:00am
SPORTS WORLD: Aussies are now beatable: Yousuf

SPORTS WORLD: Aussies are now beatable: Yousuf

Australians, having the world's best pace and leg spin attack and a strong batting line-up in their armoury, are all set to welcome the inconsistent young Pakistan team. Pakistan team, led by Mohammad Yousuf, is all set to face the world's strongest side,
Published 26 Dec, 2009 12:00am
CAPITAL CULTURAL SCENE: 'Realistic expressions'

CAPITAL CULTURAL SCENE: 'Realistic expressions'

An exotic exhibition of portraiture by Muhammad Ali Bhatti, a senior art teacher at the Sindh University, Jamshoro was held at the Gallery 6. The visual accomplishments displayed there speak the command of the artist over his subject, technique and style
Published 26 Dec, 2009 12:00am
Gorgeous Giresun city

Gorgeous Giresun city

Giresun, is one of the gorgeous city of eastern Black Sea. Clinging to the slopes of mountains spilling down into the Black Sea, Giresun is famous as the birthplace of the mouth watering sweet cherry. The landscape from seashore to the city is established
Published 26 Dec, 2009 12:00am
Art Fact: 'Tradition and Tension'

Art Fact: 'Tradition and Tension'

Artists through a diversity of mediums and concepts expressed the 'Tradition and Tension' of our society due to dilapidated situation of our country in a group show at Artscene Gallery recently.
Published 26 Dec, 2009 12:00am
KARACHI CHRONICLE: No one can downplay elections' significance

KARACHI CHRONICLE: No one can downplay elections' significance

In its five decades of existence the Karachi Press Club (KPC) is the only place in Pakistan where elections have been held without a break, even defying the ban on electioneering in all forums in the country in the dark and dastardly eleven years of Zia-u
Published 26 Dec, 2009 12:00am
Of bells and minarets René Guitton

Of bells and minarets René Guitton

When Jerusalem was conquered in 635 AD, the second caliph Omar Ibn Al-Khattab refused to pray in the Church of the Holy Sepulchre, despite an invitation from the Christian patriarch Sophronius, for fear that his men invoke the precedent to turn the place
Published 26 Dec, 2009 12:00am
Bureaucrats who fell victim to military impatience

Bureaucrats who fell victim to military impatience

In reporting the festival, organised by the Citizen Archive of Pakistan (Business Recorder: Saturday, 14 November 2009) a regular clumnist for the newspaper inadvertently misinformed readers about one of the first acts of General Ayub Khan, in the wake of
Published 26 Dec, 2009 12:00am
Pre-Christmas rally lifts New York sugar

Pre-Christmas rally lifts New York sugar

The price of raw sugar soared on Thursday to its highest level since 1981 in a thin pre-Christmas rally by investors betting the sweetener could well power to new peaks early in 2010. The key March raw sugar contract jumped to a new contract high of 27.05
Published 26 Dec, 2009 12:00am
Platinum, palladium jump

Platinum, palladium jump

Platinum and palladium prices surged on Thursday after a UK firm came a step closer to launching the first US exchange-traded funds on the precious metals used for purifying auto emissions. The US Securities and Exchange Commission approved a proposed rul
Published 26 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 60.93 cents per lb, effective through December 31. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The USDA also
Published 26 Dec, 2009 12:00am
Nicaragua sees record 2009-10 sugarcane harvest

Nicaragua sees record 2009-10 sugarcane harvest

Nicaragua is expecting a record sugar harvest this 2009/10 season of 544,000 tonnes, 4.8 percent higher than the previous cycle, as growers try to expand production by planting new areas to fill export demand. "We have never had production as high as what
Published 26 Dec, 2009 12:00am
Tokyo rubber future near 15-month high

Tokyo rubber future near 15-month high

Tokyo rubber futures closed on Friday at near 15-month highs supported by firm oil prices, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange ended 1.4 yen higher at 276.3 ($3.02) yen/kg after rising earlier to an intra-day high 2
Published 26 Dec, 2009 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper rose nearly 1 percent on Friday, tracking a rally in London copper prices, with market sentiment buoyed by optimism about the US economic recovery and dollar weakness. Better-than-expected US data released on Thursday sparked optimism that
Published 26 Dec, 2009 12:00am
Japan's total oil sales seen 2.6 percent

Japan's total oil sales seen 2.6 percent

Japan's total oil product sales are expected to fall 2.6 percent in the financial year starting next April from the current fiscal year, the nation's top energy forecaster said on Friday. Gasoline sales, which account for over a fifth of the fuel used in
Published 26 Dec, 2009 12:00am
Thai central bank says rate rise likely next year

Thai central bank says rate rise likely next year

Thailand's key policy interest rate is likely to rise next year following expected higher inflation, a deputy Bank of Thailand governor said on Friday. "The MPC (Monetary Policy Committee) has assessed that inflation is on the rise next year. Therefore, t
Published 26 Dec, 2009 12:00am
Thai Charoen Pokphand Foods raises 2010 revenue growth to 10 percent

Thai Charoen Pokphand Foods raises 2010 revenue growth to 10 percent

Charoen Pokphand Foods, Thailand's biggest chicken exporter, said on Friday it aimed for 10 percent revenue growth next year from an estimated 160 billion baht ($4.80 billion) for 2009. The company had earlier aimed for 5-7 percent revenue growth for 2010
Published 26 Dec, 2009 12:00am
Zimbabwe assures Nestle, asks firm to reopen: report

Zimbabwe assures Nestle, asks firm to reopen: report

Zimbabwe's government has asked food giant Nestle to resume operations in the country, saying it guaranteed the operations of the firm and its staff from interference, state media reported on Friday. Nestle this week temporarily shut down its factory, cit
Published 26 Dec, 2009 12:00am
China revises up 2008 growth on services strength

China revises up 2008 growth on services strength

China on Friday revised up its 2008 growth rate to 9.6 percent, taking it well above the originally reported 9.0 percent after calculating that the service sector had been more productive than previously thought. The upward revision underscored that China
Published 26 Dec, 2009 12:00am
German exports set to recover from 2009 plunge

German exports set to recover from 2009 plunge

German exports are set to pick up in 2010 after plunging 18 per cent this year, a report drawn up by the nation's industry association says. The Federation of German Industry (BDI) predicts that exports from Europe's biggest economy will grow by 4 per cen
Published 26 Dec, 2009 12:00am
UN approves $5.16 billion budget for 2010-2011

UN approves $5.16 billion budget for 2010-2011

The General Assembly has adopted a two-year budget of $5.16 billion to cover the United Nations' regular operations in 2010-2011. The budget is $300 million higher than the revised budget for 2008-2009 of $4.86 billion, which was approved last December. T
Published 26 Dec, 2009 12:00am
Panasonic develops more powerful battery for Evs

Panasonic develops more powerful battery for Evs

Panasonic Corp has developed more powerful batteries for use in everything from laptops to electric vehicles, the Japanese electronics maker said Friday. The new lithium-ion batteries are 20 percent to 30 percent more powerful than current batteries, acco
Published 26 Dec, 2009 12:00am
Russia sees 2010 uranium deals with US utilities

Russia sees 2010 uranium deals with US utilities

Russia's state uranium trader Techsnabexport (Tenex) will sign next year at least three deals worth around $1 billion to supply uranium directly to US utilities, Russia's state nuclear firm Rosatom said on Friday. Russia has long sought direct deals with
Published 26 Dec, 2009 12:00am
US, Chinese funds to take part in Rusal IPO: report

US, Chinese funds to take part in Rusal IPO: report

A US-British asset management giant and a Chinese sovereign wealth fund have agreed to take part in the Hong Kong IPO of the world's largest aluminium producer UC Rusal, a report said Friday. Black Rock and the China Investment Corporation (CIC) have give
Published 26 Dec, 2009 12:00am
US, Chinese funds to take part in Rusal IPO: report

US, Chinese funds to take part in Rusal IPO: report

A US-British asset management giant and a Chinese sovereign wealth fund have agreed to take part in the Hong Kong IPO of the world's largest aluminium producer UC Rusal, a report said Friday. Black Rock and the China Investment Corporation (CIC) have give
Published 26 Dec, 2009 12:00am
Russia cuts benchmark refinancing rate to 8.75 percent

Russia cuts benchmark refinancing rate to 8.75 percent

Russia's central bank in an expected decision on Friday unveiled its 10th interest rate cut of the year, with economists expecting more gradual cuts in coming months to stimulate the country's blighted economy. The central bank said it is reducing its ben
Published 26 Dec, 2009 12:00am
Gas shortage spreads to north-west China

Gas shortage spreads to north-west China

China's gas shortage has spread from southern and central parts of the country to Shaanxi province as many north-western cities were hit by a sharp temperature drop recently, Xinhua news agency reported on Friday. Daily shortages of natural gas in Xi'an,
Published 26 Dec, 2009 12:00am
Ukraine has problems paying for gas: Gazprom

Ukraine has problems paying for gas: Gazprom

Russia's gas export monopoly Gazprom said on Friday Ukraine was facing difficulties with payments for its gas, news agencies quoted Gazprom's Chief Executive Alexei Miller as saying. A dispute between the two countries led to gas supplies to Europe being
Published 26 Dec, 2009 12:00am
Toyota to recall 43,000 cars in China

Toyota to recall 43,000 cars in China

Toyota Motor Corp has announced the recall of about 43,000 cars in China because a defect might cause engine oil to leak, news reports said Friday. The cars were all manufactured in Japan, the Nikkei economic daily said. The four models affected are the L
Published 26 Dec, 2009 12:00am
Japan drafts record budget as Prime Minister battles scandal

Japan drafts record budget as Prime Minister battles scandal

Japan approved on Friday a record budget for next year that will inflate the country's already huge debt by $484 billion, as the prime minister vowed to battle on in the face of a growing scandal and sliding poll ratings. With tax revenues sliding since t
Published 26 Dec, 2009 12:00am
Thai shares up

Thai shares up

The Thai stock market rose 0.44 percent on Friday amid lacklustre trading due to seasonal holidays as overseas investors deserted the market, an analyst said. The Stock Exchange of Thailand (SET) composite index rose 3.20 points to close at 730.41 and the
Published 26 Dec, 2009 12:00am
Taiwan stocks finish firmer

Taiwan stocks finish firmer

Taiwan stocks rose 0.11 percent to a fresh 18-month closing high on Friday after the central bank kept its interest rates steady, with Nanya Tech and other memory chip makers higher on hopes of a pickup in demand. The main TAIEX share index jumped 9.05 po
Published 26 Dec, 2009 12:00am
Health stock rally may extend as reform winds down

Health stock rally may extend as reform winds down

This holiday season, some of the best discounts on Wall Street may still be found in the healthcare sector. Despite a recent rally, healthcare stocks remain cheap and poised to continue their run should the cloud of health reform keep dissipating, analyst
Published 26 Dec, 2009 12:00am
Chinese shares drop

Chinese shares drop

Chinese shares closed down 0.38 percent on Friday as real estate developers and banks remained weak amid concerns of possible policy tightening measures, dealers said. The Shanghai Composite Index, which covers both A and B shares, was down 12.06 points a
Published 26 Dec, 2009 12:00am
US Treasury prices slip

US Treasury prices slip

US Treasuries finished lower on Thursday, slipping on a recipe of stronger economic data and upcoming supply blended with thin, preholiday trade. Bond trading waned as trading desks exited for a long holiday weekend. The bond market closed early at 2 pm E
Published 26 Dec, 2009 12:00am
US Treasury prices slip

US Treasury prices slip

US Treasuries finished lower on Thursday, slipping on a recipe of stronger economic data and upcoming supply blended with thin, preholiday trade. Bond trading waned as trading desks exited for a long holiday weekend. The bond market closed early at 2 pm E
Published 26 Dec, 2009 12:00am
Tokyo stocks tumble

Tokyo stocks tumble

Japanese stocks closed down 0.40 percent on Friday as investors took profits a day after the market hit a three-month high, dealers said. They said the latest reports on Asia's largest economy, showing a rise in the jobless rate and stubborn deflation, ha
Published 26 Dec, 2009 12:00am
Data lifts Wall Street to 2009 highs

Data lifts Wall Street to 2009 highs

US stocks rallied in a brief pre-holiday session on Thursday, closing at 2009 highs, after data showing a drop in initial jobless claims and growth in durable goods orders suggested an economic recovery was picking up steam. Stocks racked up a fifth day o
Published 26 Dec, 2009 12:00am
Canadian canola breaks five-day losing streak

Canadian canola breaks five-day losing streak

ICE Canada canola futures closed higher on Thursday, snapping a 5-day losing streak, with routine exporter and speculator buying ahead of the market's closure for the holidays, traders said. Key March canola touched a 5-week low of $399.50 early before se
Published 26 Dec, 2009 12:00am
Activity at Karachi and Qasim Ports

Activity at Karachi and Qasim Ports

The Karachi Port handled 117,438 tonnes of cargo including 78,017 tonnes of import 39,421 tonnes of export cargo and 5,778 loaded and empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 78,017 tonnes comprised 48
Published 26 Dec, 2009 12:00am
South African maize stocks fall

South African maize stocks fall

South Africa's maize stocks fell to 6.102 million tonnes at the end of November, compared with a revised 6.935 million tonnes in October, data showed on Wednesday, while the main maize futures closed mixed. The stocks included 3.169 million tonnes of whit
Published 26 Dec, 2009 12:00am
EU wheat futures end narrowly mixed

EU wheat futures end narrowly mixed

European wheat futures ended narrowly mixed after a shortened pre-Christmas session that saw minimal volumes as operators continued to await clearer direction in the new year. A slight fall for Chicago wheat in electronic trade, together with continued co
Published 26 Dec, 2009 12:00am
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