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Apr 02, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-01-12
Venezuela bonds firm

Venezuela bonds firm

Venezuela's global bonds firmed by nearly 1 percent on Monday, on the first business trading day following the Friday night announcement of the country's first devaluation of its currency since 2005. Returns for globally traded bonds rose 0.94 percent, ac
Published 12 Jan, 2010 12:00am
'Financial autonomy must to make CCP truly effective'

'Financial autonomy must to make CCP truly effective'

Speakers at the first national conference on 'Competition Regime in Pakistan' here on Monday said that financial autonomy of the Competition Commission of Pakistan (CCP) was a must to make it a truly effective body. The two-day conference is being held to
Published 12 Jan, 2010 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (January 11, 2010).

Published 12 Jan, 2010 12:00am
Millers warn of serious sugar shortage

Millers warn of serious sugar shortage

Shortage of one million tons of sugar is expected in the coming days for which the government has to immediately take necessary measures to overcome this huge shortage of the commodity in the local market. This was stated by Shunaid Qureshi, Managing Dire
Published 12 Jan, 2010 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (January 11, 2010).

Published 12 Jan, 2010 12:00am
Millers warn of serious sugar shortage

Millers warn of serious sugar shortage

Shortage of one million tons of sugar is expected in the coming days for which the government has to immediately take necessary measures to overcome this huge shortage of the commodity in the local market. This was stated by Shunaid Qureshi, Managing Dire
Published 12 Jan, 2010 12:00am
Millers warn of serious sugar shortage

Millers warn of serious sugar shortage

Shortage of one million tons of sugar is expected in the coming days for which the government has to immediately take necessary measures to overcome this huge shortage of the commodity in the local market. This was stated by Shunaid Qureshi, Managing Dire
Published 12 Jan, 2010 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (January 11, 2010).

Published 12 Jan, 2010 12:00am
Restructuring IDBP in ''IDBL'': SBP asked to issue ''Vesting Order''

Restructuring IDBP in ''IDBL'': SBP asked to issue ''Vesting Order''

The State Bank of Pakistan (SBP) has been directed by the Federal Cabinet to issue ''Vesting Order'' to restructure the financially strapped Industrial Development Bank of Pakistan (IDBP), as Industrial Development Bank Limited (IDBL), official sources to
Published 12 Jan, 2010 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (January 11, 2010).

Published 12 Jan, 2010 12:00am
Restructuring IDBP in 'IDBL': SBP asked to issue 'Vesting Order'

Restructuring IDBP in 'IDBL': SBP asked to issue 'Vesting Order'

The State Bank of Pakistan (SBP) has been directed by the Federal Cabinet to issue 'Vesting Order' to restructure the financially strapped Industrial Development Bank of Pakistan (IDBP), as Industrial Development Bank Limited (IDBL), official sources told
Published 12 Jan, 2010 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 12 Jan, 2010 12:00am
CPI inflation swells by 10.31 percent during July-December

CPI inflation swells by 10.31 percent during July-December

The CPI inflation swelled by 10.31 percent during July-December 2009-10 against the budgetary target of 9.5 percent for the ongoing fiscal, which may go further up in the days ahead. Official figures on inflation released by the Federal Bureau of Statisti
Published 12 Jan, 2010 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 12 Jan, 2010 12:00am
CPI inflation swells by 10.31 percent during July-December

CPI inflation swells by 10.31 percent during July-December

The CPI inflation swelled by 10.31 percent during July-December 2009-10 against the budgetary target of 9.5 percent for the ongoing fiscal, which may go further up in the days ahead. Official figures on inflation released by the Federal Bureau of Statisti
Published 12 Jan, 2010 12:00am
Restructuring IDBP in 'IDBL': SBP asked to issue 'Vesting Order'

Restructuring IDBP in 'IDBL': SBP asked to issue 'Vesting Order'

The State Bank of Pakistan (SBP) has been directed by the Federal Cabinet to issue 'Vesting Order' to restructure the financially strapped Industrial Development Bank of Pakistan (IDBP), as Industrial Development Bank Limited (IDBL), official sources told
Published 12 Jan, 2010 12:00am
SBP launches first E-Bond Trading Platform

SBP launches first E-Bond Trading Platform

The State Bank of Pakistan (SBP) on Monday launched the first Electronic Bond Trading Platform (E-Bond) for trading of government securities to develop a secondary debt market. In the first phase, government securities, including Government of Pakistan Ij
Published 12 Jan, 2010 12:00am
China's Henan aluminium firms face power cuts

China's Henan aluminium firms face power cuts

Aluminium smelters in China's Henan province, which account for a fifth of capacity in the world's top producer of the metal, face power cuts as a coal shortage threatens electricity generation, smelter officials said on Monday. China's power shortages so
Published 12 Jan, 2010 12:00am
SBP launches first E-Bond Trading Platform

SBP launches first E-Bond Trading Platform

The State Bank of Pakistan (SBP) on Monday launched the first Electronic Bond Trading Platform (E-Bond) for trading of government securities to develop a secondary debt market. In the first phase, government securities, including Government of Pakistan Ij
Published 12 Jan, 2010 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Monday, dealers said. The new January vaida that closed at Rs 968.90 opened with a gain of 70 paisa at Rs 969.60, they said. The March contract, which ended at Rs 952.80 opened with a rise
Published 12 Jan, 2010 12:00am
CPI inflation swells by 10.31 percent during July-December

CPI inflation swells by 10.31 percent during July-December

The CPI inflation swelled by 10.31 percent during July-December 2009-10 against the budgetary target of 9.5 percent for the ongoing fiscal, which may go further up in the days ahead. Official figures on inflation released by the Federal Bureau of Statisti
Published 12 Jan, 2010 12:00am
Gur higher by Rs 100 in sluggish trade on grain market

Gur higher by Rs 100 in sluggish trade on grain market

Sluggish business was seen on the wholesale grain market on Monday as few items showed modest fluctuations in process of trading, dealers said. On the cereals side wheat old and new types fell by Rs 10 to Rs 2670 and Rs 2685, gur was higher by Rs 100 to R
Published 12 Jan, 2010 12:00am
National Saving Bonds launched

National Saving Bonds launched

The government has launched National Saving Bonds (NSBs) for multiple maturities of three, five and ten years with 12.50, 12.55 and 12.60 percent return rates, respectively, which would be offered in stock markets from February 25. Zafar Sheikh Director G
Published 12 Jan, 2010 12:00am
Chemical items mixed on Jodia Bazar

Chemical items mixed on Jodia Bazar

The trading in chemical items moved both ways on Jodia Bazar here on Monday. The following changes were noted.
Published 12 Jan, 2010 12:00am
SBP launches first E-Bond Trading Platform

SBP launches first E-Bond Trading Platform

The State Bank of Pakistan (SBP) on Monday launched the first Electronic Bond Trading Platform (E-Bond) for trading of government securities to develop a secondary debt market. In the first phase, government securities, including Government of Pakistan Ij
Published 12 Jan, 2010 12:00am
Phutti prices turn lower in slow trade on cotton market

Phutti prices turn lower in slow trade on cotton market

Small business was seen on the cotton market on Monday, as most of the mills were not interested in the new deals, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 4,650, dealers said. Trading was slow as more than
Published 12 Jan, 2010 12:00am
SBP launches first E-Bond Trading Platform

SBP launches first E-Bond Trading Platform

The State Bank of Pakistan (SBP) on Monday launched the first Electronic Bond Trading Platform (E-Bond) for trading of government securities to develop a secondary debt market. In the first phase, government securities, including Government of Pakistan Ij
Published 12 Jan, 2010 12:00am
US wheat at five-week high

US wheat at five-week high

US wheat futures edged to a five-week high and soybeans recovered from a two-week low on Monday on fund buying and a weaker US dollar. Wheat futures have climbed nearly 6 percent so far this month as commodity index funds bought grains as part of a season
Published 12 Jan, 2010 12:00am
$1.8 billion expected from FoDP by June

$1.8 billion expected from FoDP by June

Finance Minister Shaukat Tarin on Monday said the delay in $1.3 billion Coalition Support Fund (CSF) by the US would increase the budget deficit. The minister, who was replying to questions after the launch of National Saving Bonds, said the US promised t
Published 12 Jan, 2010 12:00am
Philippines says 2010 rice imports adequate

Philippines says 2010 rice imports adequate

The Philippines has bought enough rice for 2010, Agriculture Secretary Arthur Yap said on Monday, implying the world's biggest rice buyer may be out of the market for now. The state-run National Food Authority (NFA) contracted to import 1.82 million tonne
Published 12 Jan, 2010 12:00am
National Saving Bonds launched

National Saving Bonds launched

The government has launched National Saving Bonds (NSBs) for multiple maturities of three, five and ten years with 12.50, 12.55 and 12.60 percent return rates, respectively, which would be offered in stock markets from February 25. Zafar Sheikh Director G
Published 12 Jan, 2010 12:00am
Japanese market closed

Japanese market closed

Japanese markets closed on Monday for the Coming of Age Day.
Published 12 Jan, 2010 12:00am
National Saving Bonds launched

National Saving Bonds launched

The government has launched National Saving Bonds (NSBs) for multiple maturities of three, five and ten years with 12.50, 12.55 and 12.60 percent return rates, respectively, which would be offered in stock markets from February 25. Zafar Sheikh Director G
Published 12 Jan, 2010 12:00am
Thai 2010 rice exports may match record: export chief

Thai 2010 rice exports may match record: export chief

Thailand's rice exports this year may match the record 10 million tonnes seen in 2008 when global commodity prices surged, the head of the exporters' association said on Monday, forecasting firm prices due to strong demand. "If the government manages its
Published 12 Jan, 2010 12:00am
National Saving Bonds launched

National Saving Bonds launched

The government has launched National Saving Bonds (NSBs) for multiple maturities of three, five and ten years with 12.50, 12.55 and 12.60 percent return rates, respectively, which would be offered in stock markets from February 25. Zafar Sheikh Director G
Published 12 Jan, 2010 12:00am
Oil tops $83

Oil tops $83

Oil prices bounced over 1 percent and topped $83 a barrel on Monday, thanks to a hobbled US dollar and weekend data that showed China's crude oil imports surging by nearly 25 percent to more than 20 million tonnes in December. Concerns over gasoline suppl
Published 12 Jan, 2010 12:00am
$1.8 billion expected from FoDP by June

$1.8 billion expected from FoDP by June

Finance Minister Shaukat Tarin on Monday said the delay in $1.3 billion Coalition Support Fund (CSF) by the US would increase the budget deficit. The minister, who was replying to questions after the launch of National Saving Bonds, said the US promised t
Published 12 Jan, 2010 12:00am
Philippines may import sugar as local prices rise

Philippines may import sugar as local prices rise

The Philippines may import up to 50,000 tonnes of raw sugar to temper rising domestic prices but government and industry officials said on Monday there was enough supply to meet an increase in demand. It has not been decided where Manila will buy the suga
Published 12 Jan, 2010 12:00am
$1.8 billion expected from FoDP by June

$1.8 billion expected from FoDP by June

Finance Minister Shaukat Tarin on Monday said the delay in $1.3 billion Coalition Support Fund (CSF) by the US would increase the budget deficit. The minister, who was replying to questions after the launch of National Saving Bonds, said the US promised t
Published 12 Jan, 2010 12:00am
India may extend tax-free white sugar import

India may extend tax-free white sugar import

The Indian government is likely to allow domestic mills and trading firms to import tax-free white sugar beyond March, the Economic Times newspaper reported on Monday, citing unnamed officials. India, the world's biggest consumer of sugar, had allowed sta
Published 12 Jan, 2010 12:00am
Gold prices surge by Rs 750 per tola

Gold prices surge by Rs 750 per tola

Gold prices on Monday surged by Rs 750 per tola and Rs 643 per 10 grams following a rise in its global price to $1158 an ounce from $1138. According to traders, gold price of tola has reached Rs 37,350 up from Rs 36,600. Similarly, gold price of 10-gram h
Published 12 Jan, 2010 12:00am
Indonesia 2009 coffee exports seen up

Indonesia 2009 coffee exports seen up

Indonesia's estimated coffee bean exports for 2009 rose 13 percent from the previous year, trade data showed on Monday, partly because of carry-over stocks from 2008. Data obtained by Reuters showed exports via four main ports, which account for over 95 p
Published 12 Jan, 2010 12:00am
Gold prices surge by Rs 750 per tola

Gold prices surge by Rs 750 per tola

Gold prices on Monday surged by Rs 750 per tola and Rs 643 per 10 grams following a rise in its global price to $1158 an ounce from $1138. According to traders, gold price of tola has reached Rs 37,350 up from Rs 36,600. Similarly, gold price of 10-gram h
Published 12 Jan, 2010 12:00am
Russian 2009 grain crop estimate at 97.04 million tonnes

Russian 2009 grain crop estimate at 97.04 million tonnes

Russia's Federal State Statistics Service (FSSS) has issued a preliminary estimate of the 2009 grain crop at 97.04 million tonnes, 10 percent down from 108.18 in 2008, and above the latest government forecast of 93-95 million. Wheat output declined by jus
Published 12 Jan, 2010 12:00am
Gold prices surge by Rs 750 per tola

Gold prices surge by Rs 750 per tola

Gold prices on Monday surged by Rs 750 per tola and Rs 643 per 10 grams following a rise in its global price to $1158 an ounce from $1138. According to traders, gold price of tola has reached Rs 37,350 up from Rs 36,600. Similarly, gold price of 10-gram h
Published 12 Jan, 2010 12:00am
Egypt sells 455 tonnes of cotton

Egypt sells 455 tonnes of cotton

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 455 tonnes of cotton of Giza 86 in the week that ended on January 9, an Alcotexa official told Reuters on Monday. The deal brings Alcotexa's export commitments for the 2009/10 s
Published 12 Jan, 2010 12:00am
Shares decline on ISE

Shares decline on ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 0.91 points as the ISE Ten Index moved from 2,325.82 to 2,324.91 p
Published 12 Jan, 2010 12:00am
Malaysian palm oil falls

Malaysian palm oil falls

Malaysian crude palm oil futures closed lower on Monday dragged down by bigger-than-expected stock levels in December, and weaker exports in the first ten days of January, traders said. "There is a possibility for stocks to go up further because early exp
Published 12 Jan, 2010 12:00am
Shares decline on ISE

Shares decline on ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 0.91 points as the ISE Ten Index moved from 2,325.82 to 2,324.91 p
Published 12 Jan, 2010 12:00am
India buys rice from domestic farmers

India buys rice from domestic farmers

India has bought 16.8 million tonnes of rice from domestic farmers since October 1, when the marketing year began, down 1.1 percent from 17.0 million tonnes a year ago, government sources said on Monday. Lower domestic purchases by India, the world's seco
Published 12 Jan, 2010 12:00am
People's Peace Committee asks Rehman to resign

People's Peace Committee asks Rehman to resign

People's Peace Committee (PPC) Lyari has demanded Interior Minister Rehman Malik to resign for his failure to stop targeted killings and launching fake search operation against innocent people in the town. This was demanded by the members PPC while addres
Published 12 Jan, 2010 12:00am
Saudi February oil supply to Asia

Saudi February oil supply to Asia

Saudi Arabia, the world's top oil exporter, will keep crude supply to major Asian and European buyers largely steady in February, as the kingdom sticks to Opec supply cuts, industry sources said on Monday. One European oil major told Reuters it would rece
Published 12 Jan, 2010 12:00am
Gabol denounces operation in Lyari

Gabol denounces operation in Lyari

Pakistan Peoples Party leader and State Minister for Ports and Shipping Nabeel Gabol on Monday denounced the operation in Lyari and demanded of the government to halt this operation forthwith, Aaj News reported. Talking to the channel, the minister
Published 12 Jan, 2010 12:00am
ECB reveals rise in fake euro seizures

ECB reveals rise in fake euro seizures

The number of fake euro banknotes seized in the second half of 2009 was eight percent higher than in the first six months, the ECB said on Monday, continuing a trend that began in late 2007. "In the second half of 2009 a total of 447,000 counterfeit euro
Published 12 Jan, 2010 12:00am
No vote of confidence for Zardari: PML-N

No vote of confidence for Zardari: PML-N

Leader of Opposition in the National Assembly Chaudhry Nisar Ali Khan on Monday said Pakistan Muslim League-Nawaz would not give vote of confidence to President Asif Ali Zardari. "We will not give vote of confidence to President in Senate, Punjab and Nati
Published 12 Jan, 2010 12:00am
Newspapers still generate most news, despite Internet

Newspapers still generate most news, despite Internet

Newspapers and other "traditional media" still generate the bulk of news that gets to US consumers despite the rising importance of online media, according to a study released Monday. The report by the Pew Research Center's Project for Excellence in Journ
Published 12 Jan, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (January 11, 2010).

Published 12 Jan, 2010 12:00am
China's lending jumps, feeding hot economy

China's lending jumps, feeding hot economy

Chinese bank lending surged in the first week of 2010, industry sources said on Monday, adding to the concerns fuelled by blockbuster trade data for December that the world's third-largest economy is overheating. Despite the indications of gathering econo
Published 12 Jan, 2010 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 12 Jan, 2010 12:00am
Kan agrees foreign exchange stability desirable

Kan agrees foreign exchange stability desirable

Japan's new finance minister, Naoto Kan and US Treasury Secretary Timothy Geithner, in phone talks held on Monday, agreed that currency market stability was desirable, Kyodo news agency reported. In their first talks since Kan assumed the post last week,
Published 12 Jan, 2010 12:00am
Global economy in recovery mode, says Trichet

Global economy in recovery mode, says Trichet

The global economy continues to recover from the worst recession in 70 years with "dynamic" emerging markets leading the way, top policymakers said on Monday. European Central Bank President Jean-Claude Trichet, who chaired talks on the global economy at
Published 12 Jan, 2010 12:00am
Strike blocks shipping at two French ports

Strike blocks shipping at two French ports

A dockers' strike disrupted freight shipping on Monday at France's two biggest ports, Marseille and Le Havre, authorities said. The Marseille port authority GPMM said 15 ships were affected in the harbours of the southern city and nearby Fos-sur-Mer with
Published 12 Jan, 2010 12:00am
WTO panel to look into US tariffs on Chinese tyres

WTO panel to look into US tariffs on Chinese tyres

The World Trade Organisation will launch an investigation into American import taxes on Chinese tyres at a meeting of trade diplomats next week, according to a statement Monday. The dispute focuses on a three-year tariff approved in September by President
Published 12 Jan, 2010 12:00am
Citigroup's US consumer bank chief steps down

Citigroup's US consumer bank chief steps down

Citigroup Inc said on Monday that Terri Dial would step down as head of its North American consumer bank, just months after a regulatory review reportedly questioned her management skills. Dial is stepping down as chief executive for Citi's North American
Published 12 Jan, 2010 12:00am
Fund launched to buy toxic assets in eastern Europe

Fund launched to buy toxic assets in eastern Europe

The World Bank, European Bank for Reconstruction and Development and fund manager CRG Capital said on Monday they had launched a fund to buy toxic assets in central and eastern Europe hit by the global financial crisis. The CEE Special Situations Fund wil
Published 12 Jan, 2010 12:00am
Fund launched to buy toxic assets in eastern Europe

Fund launched to buy toxic assets in eastern Europe

The World Bank, European Bank for Reconstruction and Development and fund manager CRG Capital said on Monday they had launched a fund to buy toxic assets in central and eastern Europe hit by the global financial crisis. The CEE Special Situations Fund wil
Published 12 Jan, 2010 12:00am
Russia unveils own 'cash for clunkers' scheme

Russia unveils own 'cash for clunkers' scheme

Russia on Monday unveiled a scheme similar to those employed in the West to encourage consumers to buy new cars by handing out cash in return for their own ageing vehicles. The details of the Russian version of the scheme - dubbed "cash for clunkers" in t
Published 12 Jan, 2010 12:00am
Alwaleed flips Carla Bruni family castle back on sale

Alwaleed flips Carla Bruni family castle back on sale

Less than a year after buying French First Lady Carla Bruni's family chateau in Turin, Saudi Prince Alwaleed bin Talal is flipping it back onto the market, an aide confirmed on Monday. The flamboyant tycoon bought the 40-room Castello di Castagneto Po, wh
Published 12 Jan, 2010 12:00am
Australian job advertisements jump in sign of hiring revival

Australian job advertisements jump in sign of hiring revival

Australian job advertisements jumped by the most in 31 months in December, a clear sign of a revival in hiring that bodes well for a further pick up in the official employment report due later this week. The upbeat figures follow surprisingly strong retai
Published 12 Jan, 2010 12:00am
Ford sweeps awards in Detroit

Ford sweeps awards in Detroit

Ford Motor Co, swept the 2010 North American Car and Truck Awards at the Detroit auto show on Monday, marking only the third time in the 17-year history of the award that a single automaker has claimed both titles. A panel of about 50 US and Canadian auto
Published 12 Jan, 2010 12:00am
Philippines, Indonesian bonds fall

Philippines, Indonesian bonds fall

Indonesian and Philippine sovereign bonds eased on Monday as expectations of new issues from Jakarta, Malaysia and Vietnam weighed on sentiment, despite signs of robust investor demand. Some traders speculated that Indonesia may issue as much as $4 billio
Published 12 Jan, 2010 12:00am
Philippines, Indonesian bonds fall

Philippines, Indonesian bonds fall

Indonesian and Philippine sovereign bonds eased on Monday as expectations of new issues from Jakarta, Malaysia and Vietnam weighed on sentiment, despite signs of robust investor demand. Some traders speculated that Indonesia may issue as much as $4 billio
Published 12 Jan, 2010 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks ended up 0.52 percent on Monday, led by gains in UMC and Taishin Financial as their solid financial results raised investor hopes for a global economic recovery in 2010. The main TAIEX share index advanced 42.92 points to 8,323.82, with the
Published 12 Jan, 2010 12:00am
Australian shares advance to 15-month high

Australian shares advance to 15-month high

Australian stocks rose 0.8 percent on Monday to a fresh 15-month closing high, boosted by resource firms as stronger-than-expected data on Chinese imports helped boost faith in a global economic recovery. Chinese data on commodity imports and exports for
Published 12 Jan, 2010 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares ended slightly lower on Monday weighed by losses in exporters including Samsung Electronics, but gains in POSCO and construction issues such as Hyundai E&C helped. Key exporters were pressured by the won's strength, with Samsung Electronics,
Published 12 Jan, 2010 12:00am
Turkish Treasury bill yields 7.36 percent at auction

Turkish Treasury bill yields 7.36 percent at auction

The Turkish Treasury sold a net 2.919 billion lira ($2 billion) of a six-month reference bill on Monday at an average compound yield of 7.36 percent, central bank data showed, less than a poll forecast of 7.45 percent. Nominal bids for the bill, maturing
Published 12 Jan, 2010 12:00am
Turkish Treasury bill yields 7.36 percent at auction

Turkish Treasury bill yields 7.36 percent at auction

The Turkish Treasury sold a net 2.919 billion lira ($2 billion) of a six-month reference bill on Monday at an average compound yield of 7.36 percent, central bank data showed, less than a poll forecast of 7.45 percent. Nominal bids for the bill, maturing
Published 12 Jan, 2010 12:00am
China's bond, bill yields rise

China's bond, bill yields rise

China's bill and bond yields mostly rose on Monday on talk that loan growth was strong in the first week of 2010, fuelling concerns over further quantitative tightening by the central bank. Traders believe the bond curve may flatten in coming weeks in ant
Published 12 Jan, 2010 12:00am
China's bond, bill yields rise

China's bond, bill yields rise

China's bill and bond yields mostly rose on Monday on talk that loan growth was strong in the first week of 2010, fuelling concerns over further quantitative tightening by the central bank. Traders believe the bond curve may flatten in coming weeks in ant
Published 12 Jan, 2010 12:00am
Thailand plans up to $2.4 billion savings bond

Thailand plans up to $2.4 billion savings bond

The Thai government plans to sell savings bonds worth about 50-80 billion baht ($1.5-2.4 billion) towards the end of the first quarter, Finance Minister Korn Chatikavanij said on Monday. The government has announced plans to sell 170 billion baht of savin
Published 12 Jan, 2010 12:00am
Thailand plans up to $2.4 billion savings bond

Thailand plans up to $2.4 billion savings bond

The Thai government plans to sell savings bonds worth about 50-80 billion baht ($1.5-2.4 billion) towards the end of the first quarter, Finance Minister Korn Chatikavanij said on Monday. The government has announced plans to sell 170 billion baht of savin
Published 12 Jan, 2010 12:00am
Santander to buy back bonds for 2.5 billion euros

Santander to buy back bonds for 2.5 billion euros

Spain's Santander said on Monday it plans to buy back 2.5 billion euros ($3.58 billion) in subordinated bonds with the aim of strengthening its balance sheet. The deadline for bondholders to accept the offer is January 19 and payment will be made on Janua
Published 12 Jan, 2010 12:00am
Korean bonds jump

Korean bonds jump

South Korean treasury bonds jumped on Monday as foreign investors' net purchase of debt futures hit a 4-month high on growing hopes of a delay in rate hikes and a successful bond auction. The nation's vice finance minister on Monday stressed its vow to ma
Published 12 Jan, 2010 12:00am
Santander to buy back bonds for 2.5 billion euros

Santander to buy back bonds for 2.5 billion euros

Spain's Santander said on Monday it plans to buy back 2.5 billion euros ($3.58 billion) in subordinated bonds with the aim of strengthening its balance sheet. The deadline for bondholders to accept the offer is January 19 and payment will be made on Janua
Published 12 Jan, 2010 12:00am
Korean bonds jump

Korean bonds jump

South Korean treasury bonds jumped on Monday as foreign investors' net purchase of debt futures hit a 4-month high on growing hopes of a delay in rate hikes and a successful bond auction. The nation's vice finance minister on Monday stressed its vow to ma
Published 12 Jan, 2010 12:00am
Reliance, banks pull Indian shares down

Reliance, banks pull Indian shares down

Indian shares erased early gains of more than 1 percent and eased on Monday, extending losses for a third session, with energy major Reliance Industries dropping after it raised $763 million from a treasury share sale. Outsourcer Infosys Technologies buck
Published 12 Jan, 2010 12:00am
SouthGobi seeks $465 million in Hong Kong IPO

SouthGobi seeks $465 million in Hong Kong IPO

Canada-listed coal miner SouthGobi Energy Resources Ltd, plans to raise up to HK$3.6 billion (US $465 million) from a Hong Kong initial public offering, according to a term sheet. The company, owned by Canada-based Ivanhoe Mines, would sell 27 million new
Published 12 Jan, 2010 12:00am
SouthGobi seeks $465 million in Hong Kong IPO

SouthGobi seeks $465 million in Hong Kong IPO

Canada-listed coal miner SouthGobi Energy Resources Ltd, plans to raise up to HK$3.6 billion (US $465 million) from a Hong Kong initial public offering, according to a term sheet. The company, owned by Canada-based Ivanhoe Mines, would sell 27 million new
Published 12 Jan, 2010 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices jumped to their highest in more than a month on Monday, on fund buying driven by stronger-than-expected Chinese import data, firm oil prices and a drop in the US dollar against other currencies. Platinum, mainly used in auto catalysts, rose to
Published 12 Jan, 2010 12:00am
Shanghai copper rallies

Shanghai copper rallies

Shanghai base metals rallied more than 2 percent on Monday and London futures also surged on stronger-than-expected Chinese import data released on Sunday. China's unwrought copper imports jumped by more than a quarter in December, reaching 369,368 tonnes
Published 12 Jan, 2010 12:00am
Copper climbs over three percent

Copper climbs over three percent

Copper climbed over 3 percent on Monday as the dollar fell and unexpectedly strong Chinese import data brightened the outlook for metals demand and strengthened fund buying. Benchmark copper for three-month delivery on the London Metal Exchange ended at $
Published 12 Jan, 2010 12:00am
Oil falls toward $82

Oil falls toward $82

Oil prices fell on Monday, after early rising to a fresh 15-month high, as the promise of milder weather in the United States took some steam out of the market. Weather forecasters said on Monday that the worst of the cold spell, which swept across the Un
Published 12 Jan, 2010 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

US copper futures began the week with solid gains early on Monday, as a weaker dollar and stronger-than-expected Chinese import data drove the bullish sentiment and lifted prices of the metal back up near last week's 16-month peak. Benchmark copper for Ma
Published 12 Jan, 2010 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

US gold futures hit a five-week high on Monday, gaining 1.5 percent as a dollar drop and strong commodity imports in China spurred investor buying in bullion. Gold for February delivery up $16.10, or 1.4 percent, at $1,155 an ounce at 9:24 am EST (1424 GM
Published 12 Jan, 2010 12:00am
US MIDDAY: soya, corn and wheat fall

US MIDDAY: soya, corn and wheat fall

Soyabean futures on the Chicago Board of Trade fell to a two-week low after midday Monday, pressured by prospects for large South American crops and the start of harvest in parts of Brazil, traders said. As of 12:27 pm CST (1827 GMT), CBOT March soybeans
Published 12 Jan, 2010 12:00am
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