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Print - 2010-03-24
Pak-US strategic dialogue to boost mutual trust: Hillary

Pak-US strategic dialogue to boost mutual trust: Hillary

US Secretary of State Hillary Clinton has termed the Pak-US strategic dialogue a milestone to strengthen the mutual trust between the two nations. In a brief interview to a private TV channel telecast Tuesday, the US Secretary of State said," this strateg
Published 24 Mar, 2010 12:00am
Obama assures Pakistan of support

Obama assures Pakistan of support

President Barack Obama on Monday greeted the Pakistani people on the occasion of Pakistan Day and vowed United States' steadfast partnership in building a future of peace and prosperity. "On behalf of the American people, I send my best wishes to the peop
Published 24 Mar, 2010 12:00am
Obama assures Pakistan of support

Obama assures Pakistan of support

President Barack Obama on Monday greeted the Pakistani people on the occasion of Pakistan Day and vowed United States' steadfast partnership in building a future of peace and prosperity. "On behalf of the American people, I send my best wishes to the peop
Published 24 Mar, 2010 12:00am
China reacts cautiously

China reacts cautiously

China on Tuesday reacted cautiously to reports that the US is open to help Pakistan tap nuclear energy, saying any such co-operation should fulfil requirements of international non-proliferation commitments. "We believe that sovereign countries have the r
Published 24 Mar, 2010 12:00am
China reacts cautiously

China reacts cautiously

China on Tuesday reacted cautiously to reports that the US is open to help Pakistan tap nuclear energy, saying any such co-operation should fulfil requirements of international non-proliferation commitments. "We believe that sovereign countries have the r
Published 24 Mar, 2010 12:00am
China reacts cautiously

China reacts cautiously

China on Tuesday reacted cautiously to reports that the US is open to help Pakistan tap nuclear energy, saying any such co-operation should fulfil requirements of international non-proliferation commitments. "We believe that sovereign countries have the r
Published 24 Mar, 2010 12:00am
US open to discuss Pakistan''s request for nuclear energy

US open to discuss Pakistan''s request for nuclear energy

Pakistan has submitted a wish list to Washington ahead of high-level talks this week, asking for pilotless drones and helicopters as well as economic and other aid, said US and Pakistani officials on Tuesday. The 56-page document, set to be discussed in t
Published 24 Mar, 2010 12:00am
The Weather

The Weather

The weather report on Tuesday (March 23, 2010) and the forecast for Wednesday (March 24, 2010).

Published 24 Mar, 2010 12:00am
US open to discuss Pakistan's request for nuclear energy

US open to discuss Pakistan's request for nuclear energy

Pakistan has submitted a wish list to Washington ahead of high-level talks this week, asking for pilotless drones and helicopters as well as economic and other aid, said US and Pakistani officials on Tuesday. The 56-page document, set to be discussed in t
Published 24 Mar, 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 24 Mar, 2010 12:00am
US open to discuss Pakistan's request for nuclear energy

US open to discuss Pakistan's request for nuclear energy

Pakistan has submitted a wish list to Washington ahead of high-level talks this week, asking for pilotless drones and helicopters as well as economic and other aid, said US and Pakistani officials on Tuesday. The 56-page document, set to be discussed in t
Published 24 Mar, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 24 Mar, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 24 Mar, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (March 23, 2010).

Published 24 Mar, 2010 12:00am
US copper higher

US copper higher

US copper futures erased earlier losses to end up on Monday, as gains in equity markets and a late slide in the dollar fuelled the reversal and pointed to further upside in the broader metals complex, analysts said. Copper for May delivery ended up 0.80 c
Published 24 Mar, 2010 12:00am
Shanghai copper prices gain

Shanghai copper prices gain

Shanghai copper rose nearly 1 percent on Tuesday and London copper edged higher, supported by a rebounding euro, but prices are likely to remain in a narrow range as investors wait for clear direction. The euro held its ground on Tuesday after rebounding
Published 24 Mar, 2010 12:00am
US rice higher

US rice higher

US rice futures on the Chicago Board of Trade settled higher on Monday on short-covering as the market continued to recover from the 8-1/2 month low set earlier this month, traders said. Retreat in the US dollar lent support. CBOT May rice settled up 13 c
Published 24 Mar, 2010 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Tokyo rubber futures ended slightly lower on Tuesday after early buying driven by a weaker yen against the US dollar subsided, but steady demand in the physical market helped cushion the fall. The most active August 2010 contract on the Tokyo Commodity Ex
Published 24 Mar, 2010 12:00am
New York sugar careens to eight-month low

New York sugar careens to eight-month low

Raw sugar futures slumped to close down 4.5 percent at an eight-month low Monday due to fund and chart-based selling, and automatic sell orders, brokers said. The May raw sugar contract tumbled 0.80 cent or 4.5 percent to finish at 17.84 cents per lb, the
Published 24 Mar, 2010 12:00am
Soya hits one-month top

Soya hits one-month top

Soybean futures rose to a one-month high at the Chicago Board on Monday as traders covered short positions after bearish pressure from outside markets eased. CBOT May soybeans settled up 6-3/4 cents at $9.68-1/2 a bushel. The daily peak of $9.75 was the h
Published 24 Mar, 2010 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian palm oil futures closed higher on Tuesday, tracking firm crude oil but an absence of fresh leads capped gains. The benchmark June crude palm oil future on the Bursa Malaysia Derivatives Exchange was up 21 ringgit or 0.82 percent, at 2,591 ringgi
Published 24 Mar, 2010 12:00am
Sri Lanka tea output up

Sri Lanka tea output up

Sri Lankan tea output in February jumped 82.5 percent as higher prices prompted planters to ramp up production, while a low base in the same month last year contributed to the favourable comparison, the Sri Lanka Tea Board said on Tuesday. Tea output rose
Published 24 Mar, 2010 12:00am
Oil ends steady above 81 dollars

Oil ends steady above 81 dollars

Oil was steady above $81 a barrel on Tuesday, facing pressure from a firmer US dollar and caution ahead of a European Union summit to discuss Greece's debt woes. The American Petroleum Institute weekly oil inventory report, due later in the day, will offe
Published 24 Mar, 2010 12:00am
US gold lower

US gold lower

US gold futures fell to their weakest in more than three weeks on Monday, ending below $1,100 an ounce, as worries about monetary tightening prompted selling. COMEX April settled down $8.10 at $1,099.50 an ounce. Range $1,108.60 to $1,092.10 - lowest sinc
Published 24 Mar, 2010 12:00am
Gold rebounds in Asia

Gold rebounds in Asia

Bargain hunting lifted gold on Tuesday after it fell to its weakest in nearly a month in the previous session, while a steadier euro helped ease worries about tighter monetary policy. A surprise rate hike late last week in India, the world's largest bulli
Published 24 Mar, 2010 12:00am
Mitsubishi to triple electric car output

Mitsubishi to triple electric car output

Mitsubishi Motors Corp said Tuesday it aims to more than triple annual production of its electric car - the i-MiEV - over the next three years, anticipating robust global demand for the zero-emission vehicle. Mitsubishi will make some 9,000 i-MiEVs in the
Published 24 Mar, 2010 12:00am
Bill Gates, Toshiba in early talks on nuclear reactor

Bill Gates, Toshiba in early talks on nuclear reactor

A company backed by Microsoft founder Bill Gates and Toshiba are in early talks to jointly develop a small nuclear reactor, the Japanese electronics giant said Tuesday. The Nikkei business daily earlier reported that the two sides would team up to develop
Published 24 Mar, 2010 12:00am
Liquidity rules imminent for Swiss banks

Liquidity rules imminent for Swiss banks

Switzerland will introduce new liquidity rules within weeks for its two major banks, which the Swiss regulator considers too big to fail, it said on Tuesday. Financial regulator FINMA said the new rules were needed to minimise the risk of state bailouts.
Published 24 Mar, 2010 12:00am
Coca-Cola India unit asked to pay $47 million damages

Coca-Cola India unit asked to pay $47 million damages

The Indian unit of Coca-Cola Co has been asked to pay $47 million compensation for causing environmental damage at its bottling plant in the southern Indian state of Kerala, state officials said on Tuesday. A state government panel, in a report late on Mo
Published 24 Mar, 2010 12:00am
Obama targets bank reform after health care win

Obama targets bank reform after health care win

Fresh from a landmark health care victory, President Barack Obama on Monday trained his sights on sweeping reforms of Wall Street's "too-big-to-fail" banks. Obama - who is expected Tuesday to sign health care legislation that will overhaul one sixth of th
Published 24 Mar, 2010 12:00am
French Prime Minister signals end to carbon tax plan

French Prime Minister signals end to carbon tax plan

Prime Minister Francois Fillon signalled an end to France's drive to introduce a domestic tax on carbon dioxide emissions, telling lawmakers on Tuesday French companies would suffer if the government tried to go it alone. Speaking at a closed-door meeting
Published 24 Mar, 2010 12:00am
French business morale hits 19-month high

French business morale hits 19-month high

Morale in France's manufacturing sector hit its highest level in 19 months in March as doubts over future output and foreign orders eased, along with concerns the recovery in the euro zone's second biggest economy might be flagging. National statistics of
Published 24 Mar, 2010 12:00am
'Japan government to face big fund shortage'

'Japan government to face big fund shortage'

Japan's government may need to issue more bonds or drop some spending plans as it faces a shortage of up to 7 trillion yen ($78 billion) in funds in the year to March 2012, the Nikkei newspaper reported. An increase in bond issuance would raise the spectr
Published 24 Mar, 2010 12:00am
'Japan government to face big fund shortage'

'Japan government to face big fund shortage'

Japan's government may need to issue more bonds or drop some spending plans as it faces a shortage of up to 7 trillion yen ($78 billion) in funds in the year to March 2012, the Nikkei newspaper reported. An increase in bond issuance would raise the spectr
Published 24 Mar, 2010 12:00am
UN body rejects protection for hammerhead shark

UN body rejects protection for hammerhead shark

The UN body overseeing global trade in threatened species Tuesday rejected a bid to regulate cross-border commerce in the shark most highly prized by Asian gourmets of sharkfin soup. The 175-nation Convention on the International Trade in Endangered Speci
Published 24 Mar, 2010 12:00am
South Korea sees signs of private-sector recovery

South Korea sees signs of private-sector recovery

South Korea's finance minister on Tuesday pointed to early signs of a self-driven recovery in domestic demand and emphasised the need to strengthen productivity in the domestic service industry. Minister Yoon Jeung-hyun also stressed the need to keep the
Published 24 Mar, 2010 12:00am
Rare China trade deficit not seen signalling new trend

Rare China trade deficit not seen signalling new trend

China will probably run a trade deficit of more than $8 billion in March, state media said on Tuesday, citing Premier Wen Jiabao. It would be China's first monthly deficit since April 2004, but is expected to be a one-time blip rather than the start of a
Published 24 Mar, 2010 12:00am
US economist says China could act on yuan if US quiet

US economist says China could act on yuan if US quiet

China will have more scope to allow its currency to appreciate if the US government adopts a low-key stance on the issue, a Harvard University economist who also advises the US government on economic policy said.
Published 24 Mar, 2010 12:00am
Fed to keep pro-growth policies: Evans

Fed to keep pro-growth policies: Evans

Unacceptably high unemployment and well-contained inflation make it likely that US monetary policy will remain accommodative for at least several months more, a top US Federal Reserve official said on Tuesday. Speaking to reporters in Shanghai, Chicago Fe
Published 24 Mar, 2010 12:00am
Governments must bite the bullet on huge debt: OECD

Governments must bite the bullet on huge debt: OECD

Governments must bite the bullet in the next three months and announce action to cut back huge debt and budget deficits, or dig themselves deeper into trouble, the OECD warned on Tuesday. They have to begin withdrawing crisis stimulus for their economies
Published 24 Mar, 2010 12:00am
Fannie, Freddie overhaul must wait: Geithner

Fannie, Freddie overhaul must wait: Geithner

US Treasury Secretary Timothy Geithner on Tuesday swatted aside pressure for a swift reform of troubled government-backed mortgage giants as data pointed to a still struggling real estate market. Geithner told Congress any restructuring of lenders Fannie
Published 24 Mar, 2010 12:00am
US home sales dip, credit-related surge eyed

US home sales dip, credit-related surge eyed

Sales of previously owned US homes fell slightly in February, according to a trade group report on Tuesday that underscored the fragile nature of the housing market's recovery. The National Association of Realtors said sales fell 0.6 percent month-over-mo
Published 24 Mar, 2010 12:00am
European court rules Google's ad model is legal

European court rules Google's ad model is legal

Europe's highest court ruled Google Inc did not infringe trademark law by selling keywords to trigger ads after Louis Vuitton and others said the practice undermined their brands. The Court of Justice of the European Union said on Tuesday advertisers were
Published 24 Mar, 2010 12:00am
India needs to double infrastructure spending: finance minister

India needs to double infrastructure spending: finance minister

India's finance minister called on Tuesday for a doubling of infrastructure spending to $1 trillion in the five years to 2016/17, and said private sector firms would be allowed to sell special bonds to help pay for it. Poor infrastructure is a long-standi
Published 24 Mar, 2010 12:00am
UK inflation slows more than expected in February

UK inflation slows more than expected in February

British annual consumer price inflation slowed last month for the first time since September, dropping more than expected after favourable base effects and a fall in the prices of games and toys, data showed on Tuesday. The Office for National Statistics
Published 24 Mar, 2010 12:00am
Qatar to invest more in Germany

Qatar to invest more in Germany

The Gulf emirate of Qatar is looking for more German investment opportunities after becoming the third biggest shareholder in Volkswagen, a top official told the business daily Handelsblatt. "In Europe, and particularly in Germany, there is a whole series
Published 24 Mar, 2010 12:00am
Maruti Suzuki hits a million cars a year

Maruti Suzuki hits a million cars a year

Japanese-controlled Maruti Suzuki, India's biggest passenger car company, said Tuesday it had joined the global club of carmakers producing at least one million vehicles a year. General Motors, Volkswagen, Toyota, Ford and Honda are among the vehicle comp
Published 24 Mar, 2010 12:00am
Bangladeshi overseas job recruitment plummets

Bangladeshi overseas job recruitment plummets

Bangladesh's overseas job recruitment, a key revenue earner for the poor country, fell nearly 39 percent in February versus the same month in 2009, its worst fall in five years, a senior official said Tuesday. Slightly more than 27,000 Bangladeshis secure
Published 24 Mar, 2010 12:00am
Germany sets tough terms for EU help for Greece

Germany sets tough terms for EU help for Greece

Germany signalled for the first time on Tuesday that it may accept European financial aid for Greece as a last resort, but only if the IMF helps first and eurozone partners accept tougher budget discipline rules.
Published 24 Mar, 2010 12:00am
Asian bond spreads tighten

Asian bond spreads tighten

Asian bond spreads tightened on Tuesday on improved risk appetite as regional stocks neared recent two-month peaks, but looming supply could check gains. The Asia ex-Japan iTraxx investment-grade index was quoted at 100/102 basis points (bps), 2 bps tight
Published 24 Mar, 2010 12:00am
Asian bond spreads tighten

Asian bond spreads tighten

Asian bond spreads tightened on Tuesday on improved risk appetite as regional stocks neared recent two-month peaks, but looming supply could check gains. The Asia ex-Japan iTraxx investment-grade index was quoted at 100/102 basis points (bps), 2 bps tight
Published 24 Mar, 2010 12:00am
Taiwan stocks slip

Taiwan stocks slip

Taiwan stocks fell 0.31 percent on Tuesday as investors pocketed profits from tech shares such as Mediatek before they see signs of stronger demand and ahead of the central bank's policy-setting meeting. While big tech shares weakend, local fund managers
Published 24 Mar, 2010 12:00am
US stocks rise

US stocks rise

US stocks rose on Monday, building on last week's strength, as the passage of a bill overhauling the healthcare system ended much of the uncertainty about the issue for investors. While some analysts raised concerns the bill, approved on Sunday, could squ
Published 24 Mar, 2010 12:00am
JGB futures rise

JGB futures rise

Japanese government bonds gained on Tuesday, supported by a rise in US Treasuries the previous day when worries over Greece's fiscal problems prompted investors to seek the safety of government debt. JGB futures pulled back from a four-month low struck th
Published 24 Mar, 2010 12:00am
JGB futures rise

JGB futures rise

Japanese government bonds gained on Tuesday, supported by a rise in US Treasuries the previous day when worries over Greece's fiscal problems prompted investors to seek the safety of government debt. JGB futures pulled back from a four-month low struck th
Published 24 Mar, 2010 12:00am
US treasuries up

US treasuries up

US Treasuries rose on Monday as worries over Greece's debt crisis helped reverse a recent sell-off before this week's $118 billion in auctions of government bonds. Traders usually sell bonds to cheapen up the market before Treasury auctions, which start t
Published 24 Mar, 2010 12:00am
US treasuries up

US treasuries up

US Treasuries rose on Monday as worries over Greece's debt crisis helped reverse a recent sell-off before this week's $118 billion in auctions of government bonds. Traders usually sell bonds to cheapen up the market before Treasury auctions, which start t
Published 24 Mar, 2010 12:00am
Seoul shares advance

Seoul shares advance

Seoul shares ended up 0.55 percent on Tuesday, fuelled by gains in builders and tech issues including LG Display, but Kumho Tire tumbled on an exchange warning. The Korea Composite Stock Price Index finished up 0.55 percent at 1,681.82 points, above the m
Published 24 Mar, 2010 12:00am
China stocks fall; Hong Kong narrows gains

China stocks fall; Hong Kong narrows gains

Shares in China ended lower on Tuesday as investors cashed in gains on small-cap shares that recently outperformed a market rebound, while Hong Kong gave up most of its earlier gains. The Shanghai Composite Index ended the day down 0.7 percent at 3,053 po
Published 24 Mar, 2010 12:00am
Nikkei edges off two-month highs

Nikkei edges off two-month highs

Japan's Nikkei average fell 0.5 percent on Tuesday, moving further away from two-month highs hit last week, with All Nippon Airways sliding after the airline more than doubled its annual loss estimate. But Toshiba Corp finished 3.6 percent higher after it
Published 24 Mar, 2010 12:00am
Philippine yields drop on data

Philippine yields drop on data

Philippine local bond yields tumbled on Tuesday after budget deficit data for the first two months of 2010 fell in line with market expectations, calming concerns the government would overshoot deficit targets and have to issue more bonds. Thai bond yield
Published 24 Mar, 2010 12:00am
Philippine yields drop on data

Philippine yields drop on data

Philippine local bond yields tumbled on Tuesday after budget deficit data for the first two months of 2010 fell in line with market expectations, calming concerns the government would overshoot deficit targets and have to issue more bonds. Thai bond yield
Published 24 Mar, 2010 12:00am
Euro stands ground

Euro stands ground

The euro held its ground on Tuesday after rebounding from a three-week low against the dollar, helped by an improvement in risk appetite following gains in US stocks but still stymied by squabbling over Greece. One trader said there was euro buying on dip
Published 24 Mar, 2010 12:00am
Euro rebounds from three-week lows

Euro rebounds from three-week lows

The euro rebounded from a 3-week low against the US dollar on Monday as some risk appetite returned, but the European currency was pressured by worries over Greece's ability to secure financial aid. Traders said the rebound will be short-lived, with inves
Published 24 Mar, 2010 12:00am
Taiwan dollar pulls back

Taiwan dollar pulls back

The Taiwan dollar rebounded on Tuesday from a central bank move to soften it in the previous session but quickly lost ground on US dollar buying as the Greek debt crisis loomed bigger, dealers said. Foreign funds were also net sellers of Taiwan stocks on
Published 24 Mar, 2010 12:00am
Australian dollar regains composure in twitchy market

Australian dollar regains composure in twitchy market

The Australian dollar held firm on Tuesday, keeping a grip on gains made overnight when resilience in US stocks wrong-footed short sellers, though it faced tough resistance just ahead. The local dollar spent the session around $0.9175, after recovering fr
Published 24 Mar, 2010 12:00am
Yuan forwards rebound on Wen comments

Yuan forwards rebound on Wen comments

Yuan offshore forwards rebounded on Tuesday from a steep drop the day before, lifted by light hedge fund buying while dollar short-covering eased after Chinese Premier Wen Jiabao made conciliatory remarks that China did not want "trade and currency wars"
Published 24 Mar, 2010 12:00am
Most Asian currencies edge up

Most Asian currencies edge up

The Philippine peso and Indian rupee rose on Tuesday, tracking gains in the euro and Asian stocks, while the yuan edged up in offshore forwards on hedge fund buying following the previous day's sharp fall. The euro held its ground on Tuesday after rebound
Published 24 Mar, 2010 12:00am
Canadian dollar touches one-week low

Canadian dollar touches one-week low

The Canadian dollar touched a one-week low against the US dollar on Monday, weakened by mixed commodity prices and uncertainty about Europe's handling of Greece's debt woes. Another factor weighing on the currency was the fact that many Canadian dollar bu
Published 24 Mar, 2010 12:00am
Kawasaki rub salt in Melbourne's wounds

Kawasaki rub salt in Melbourne's wounds

Japan's Kawasaki Frontale rubbed salt in Melbourne Victory's wounds in the AFC Champions League on Tuesday while Korea's Seongnam Ilhwa came from a goal down to beat Beijing Guoan. Melbourne went into the Group E game demoralised after their agonising 4-2
Published 24 Mar, 2010 12:00am
Afghanistan ready to play in Pakistan

Afghanistan ready to play in Pakistan

Afghanistan cricket coach Kabir Khan says he has no concerns about playing international cricket in Pakistan. Khan, who has played four Tests for Pakistan, tells the Associated Press that he'd welcome any offer of a series from the Pakistan Cricket Board.
Published 24 Mar, 2010 12:00am
Sialkot hockey stadium to be completed by 2010

Sialkot hockey stadium to be completed by 2010

Development work on an ultra-modern Sialkot hockey stadium costing Rs 3.97 crore is in full swing. Official sources told Business Recorder here on Tuesday that the stadium, to be completed during the current year, was being built over six acres of
Published 24 Mar, 2010 12:00am
Younus and Afridi get Pride of Performance awards

Younus and Afridi get Pride of Performance awards

Former Pakistan cricket captain Younus Khan received a presidential performance award on Tuesday, less than two weeks after he was handed an indefinite ban from all forms of the game. Younus, 32, was banned by the Pakistan Cricket Board after a committee
Published 24 Mar, 2010 12:00am
Diamonds found at home of former chief of China football

Diamonds found at home of former chief of China football

Police raided the Beijing villa of the detained former head of China's football association, finding gold, diamonds and other booty that could land him 10 years in jail, state press said Tuesday. Police confiscated over 100 items, including expensive watc
Published 24 Mar, 2010 12:00am
PCB Lahore elections on March 26

PCB Lahore elections on March 26

The elections of PCB in the East, West and North Zones Lahore would be held on 26 March at Gaddafi Stadium, Lahore. A spokesman of Pakistan Cricket Board (PCB) said on Tuesday that Abdul Sami Khan, Election Commissioner PCB will conduct the elections. For
Published 24 Mar, 2010 12:00am
Bangladesh coach fined

Bangladesh coach fined

Bangladesh coach Jamie Siddons was fined 10 per cent of his match fee for breaching the code of conduct during the second Test between Bangladesh and England, the International Cricket Council (ICC) said on Tuesday. Siddons went to see match referee Jeff
Published 24 Mar, 2010 12:00am
England eye win

England eye win

Graeme Swann and Stuart Broad grabbed two wickets apiece to boost England's hopes of winning the second and final Test against Bangladesh on Tuesday. Off-spinner Swann took 2-38 and paceman Broad 2-37 before Bangladesh posted 172-6 in their second innings
Published 24 Mar, 2010 12:00am
Afridi named skipper for Twenty20 World Cup

Afridi named skipper for Twenty20 World Cup

As per expectations, Pakistan Cricket Board (PCB) has appointed all-rounder Shahid Khan Afridi as Pakistan Cricket Team skipper for the ICC Twenty-20 World Cup 2010 being held in the West Indies in April-May this year. Afridi was earlier named Pakistan's
Published 24 Mar, 2010 12:00am
Vietnam coffee exporters delay or default as prices tumble

Vietnam coffee exporters delay or default as prices tumble

Vietnam coffee exporters have delayed or defaulted on shipments, traders and state media said on Tuesday, as the world's largest robusta producer grapples with tumbling prices. Buying agents in Daklak in the Central Highlands coffee belt have reportedly f
Published 24 Mar, 2010 12:00am
Sugar output forecast up 19 percent in key Indian state

Sugar output forecast up 19 percent in key Indian state

Sugar output in India's biggest cane producing state is expected at 5 million tonnes in the current season, government sources said on Monday, 19 percent more than an earlier estimate as mills pay more to farmers. Higher output in Uttar Pradesh will help
Published 24 Mar, 2010 12:00am
Soyameal prices set to fall, recent strength temporary

Soyameal prices set to fall, recent strength temporary

South American transport problems and strike threats are largely behind recent soyameal price strength but prices are likely to fall again, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. "South American soyameal exports will pick up pronou
Published 24 Mar, 2010 12:00am
FOB Gulf soyabean export premiums steady

FOB Gulf soyabean export premiums steady

US soyabean export premiums at the Gulf of Mexico were mostly steady on Monday amid narrow supplies in the marketing pipeline and seasonally slow demand for near term shipments, traders said. Limited, scattered farmer sales of soyabeans reported on Monday
Published 24 Mar, 2010 12:00am
UkrAgroConsult cuts Ukraine's grain crop forecast

UkrAgroConsult cuts Ukraine's grain crop forecast

UkrAgroConsult agriculture consultancy has cut Ukraine's grain crop forecast to 43.3 million tonnes from its previous estimate of 43.5 million. The consultancy said in a statement on Tuesday it had lowered its wheat harvest forecast to 18.05 million tonne
Published 24 Mar, 2010 12:00am
US Midwest soyabean steady, corn rises

US Midwest soyabean steady, corn rises

Soyabean spot basis bids held steady at US Midwest on Monday as farmers increased sales of the oilseed with futures hitting a one-month high, and corn bids rose at river terminals as grain marketings stayed slow, dealers said. Farmers sold small portions
Published 24 Mar, 2010 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures closed higher on Monday as a weakening Canadian dollar prompted buying by domestic crushers, traders said. Strength in allied US soy markets added support. The Canadian dollar fell to a one-week low against the US dollar, weake
Published 24 Mar, 2010 12:00am
Vietnam extends rice stockpile plan

Vietnam extends rice stockpile plan

Vietnam has decided to expand by 50 percent to 1.5 million tonnes a government-backed rice stockpiling scheme aimed at boosting prices during a major harvest peak, a state-run newspaper said on Tuesday. Vietnam Food Association (VFA) members have been buy
Published 24 Mar, 2010 12:00am
Biofuels cut Colombian palm oil exports: Oil World

Biofuels cut Colombian palm oil exports: Oil World

Colombia's rising production of biodiesel is likely to slash the country's palm oil exports in 2010 following a long period of export expansion, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. Colombia's 2010 calendar year palm oil exports
Published 24 Mar, 2010 12:00am
Dubai puts alcohol in restaurant dishes back on the menu

Dubai puts alcohol in restaurant dishes back on the menu

The Dubai municipality has retracted a decision to ban restaurants from using alcohol in the preparation of dishes, The National daily reported on Tuesday. The liberal Gulf emirate had announced on Sunday it would enforce a 2003 law banning alcohol in foo
Published 24 Mar, 2010 12:00am
Putin voices support for China's Taiwan policy

Putin voices support for China's Taiwan policy

Russian Prime Minister Vladimir Putin affirmed Russia's support for China's position on Taiwan at a meeting in Moscow on Tuesday with Chinese Vice President Xi Jinping. "We have always supported China on the most sensitive issues, including the Taiwan pro
Published 24 Mar, 2010 12:00am
WTO likely to rap Airbus aid but row to drag on

WTO likely to rap Airbus aid but row to drag on

The World Trade Organisation is expected to confirm criticism of European aid for Airbus in a final subsidy ruling on Tuesday, but this will not end the record transatlantic trade dispute. The report will not be published for several weeks or months, but
Published 24 Mar, 2010 12:00am
Thousands take to the streets across France

Thousands take to the streets across France

French trains, schools and public services were hit on Tuesday by protests over pensions and wages, with unions looking to capitalise on a hefty defeat for President Nicolas Sarkozy at weekend regional elections. Hundreds of thousands took part in protest
Published 24 Mar, 2010 12:00am
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