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Mar 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-03-24
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
Liffe sugar near eight-month low; cocoa and coffee up

Liffe sugar near eight-month low; cocoa and coffee up

May white sugar ended $33.80 lower at $473.70 per tonne on Tuesday after hitting an eight-month low of $472.00. Market hit by fresh wave of fund selling with technicals increasingly bearish following prolonged slide in prices. July cocoa on Liffe ended 9
Published 24 Mar, 2010 12:00am
New York cotton futures take moderate gains

New York cotton futures take moderate gains

Cotton futures posted moderate gains by the end on Tuesday as it traded near the upper end of its recent trading range, brokers said. But they said momentum was running out around current levels with little impetus, either technical or fundamental, to mov
Published 24 Mar, 2010 12:00am
US orders 15 percent pay cut for bosses at bailed-out firms

US orders 15 percent pay cut for bosses at bailed-out firms

President Barack Obama's pay czar on Tuesday ordered executive compensation at prominent bailed-out firms to be cut by 15 percent, amid voter anger over Wall Street pay. Kenneth Feinberg said 119 executives at AIG, Chrysler, Chrysler Financial, General Mo
Published 24 Mar, 2010 12:00am
South Africa's data fuels recovery hopes

South Africa's data fuels recovery hopes

South Africa's current account deficit narrowed to a 4-1/2 year low in the last quarter of 2009 while household spending and employment rebounded, virtually ruling out chances of an interest rate cut this week. The central bank said in its latest quarterl
Published 24 Mar, 2010 12:00am
Dubai ready to present $26 billion debt plan

Dubai ready to present $26 billion debt plan

Dubai World will present plans to restructure its $26 billion debt pile to creditors this week, with details emerging as soon as Wednesday, sources familiar with the discussions told Reuters. The plan on how the Gulf Arab emirate plans to repay its commit
Published 24 Mar, 2010 12:00am
British Airways to keep flying despite new strike

British Airways to keep flying despite new strike

British Airways will lease extra aircraft and crew from other airlines to counter the impact of a new four-day strike by cabin staff next weekend, it said Tuesday. BA said it will run a full operation from London Gatwick and London City airports, starting
Published 24 Mar, 2010 12:00am
Chinese trade policies cost US 2.4 million jobs

Chinese trade policies cost US 2.4 million jobs

Unfair Chinese trade and currency practices caused the loss of as many as 2.4 million US jobs between 2001 and 2008, according to a study released on Tuesday. The report by the left-leaning Economic Policy Institute said China's "currency manipulation" wa
Published 24 Mar, 2010 12:00am
High-level China, US talks set for late May

High-level China, US talks set for late May

China said Tuesday that the next round of high-level strategic and economic talks with the United States would be held in Beijing in late May, amid strains between the countries on a number of issues. "China and the US have preliminarily agreed to hold th
Published 24 Mar, 2010 12:00am
Indonesia and Hong Kong to exchange taxpayer information

Indonesia and Hong Kong to exchange taxpayer information

Indonesia and Hong Kong plan to exchange information about taxpayers, Indonesia's finance minister said on Tuesday, as part of an effort by Southeast Asia's biggest economy to track down tax dodgers and increase tax revenues.
Published 24 Mar, 2010 12:00am
Germany confirms second quarter debt issuance, says demand robust

Germany confirms second quarter debt issuance, says demand robust

Germany's debt management office said on Tuesday it was sticking to its plans to issue 92 billion euros ($124 billion) of capital market and money market instruments in the second quarter. The Finance Agency said it would issue 59 billion euros in capital
Published 24 Mar, 2010 12:00am
Indian rupee hits fresh one-week low

Indian rupee hits fresh one-week low

The Indian rupee gave up early gains on Tuesday and fell to a fresh one-week low as the dollar edged up against some major currencies and banks bought dollars ahead of a local market holiday. The partially convertible rupee closed at 45.60/61 per dollar,
Published 24 Mar, 2010 12:00am
Swiss franc near all-time high

Swiss franc near all-time high

The Swiss franc stayed within sight of a record high against the euro on Tuesday as traders keenly awaited a speech by the chairman of the Swiss National Bank for any comments about the strengthening currency. The franc hit an all-time high of about 1.43
Published 24 Mar, 2010 12:00am
Sterling slips on CPI data

Sterling slips on CPI data

Sterling slipped on Tuesday after data showing a slowdown in UK consumer price inflation reinforced expectations that price gains may have peaked and monetary policy would stay loose for some time. The pound trimmed some losses, but stayed under selling p
Published 24 Mar, 2010 12:00am
Euro falls as uncertainty over Greece continues

Euro falls as uncertainty over Greece continues

The euro fell against the dollar on Tuesday as uncertainty over possible support for Greece continued in the run-up to a summit later this week. Growing concerns that EU leaders may not reach a decision this week kept the euro close to a three-week low hi
Published 24 Mar, 2010 12:00am
Euro Libor pinned at record low

Euro Libor pinned at record low

The cost of borrowing euros in the interbank money markets mostly eased on Tuesday with the three-month rate holding at a record low ahead of next week's injection of six month funds from the European Central Bank. The three-month euro London interbank of
Published 24 Mar, 2010 12:00am
FTSE hits 21-month high

FTSE hits 21-month high

Britain's top share index rose 0.5 percent on Tuesday, hitting a fresh 21-month closing high, led by commodity, energy and banking stocks as fears over monetary tightening effects ebbed. The FTSE 100 index ended 29.09 points higher at 5,673.63, after hitt
Published 24 Mar, 2010 12:00am
Most Southeast Asian stocks rise

Most Southeast Asian stocks rise

Most Southeast Asian stock markets rose on Tuesday, buoyed by strength on Wall Street and a surge of fund inflows, while Vietnam bucked the trend. Singapore rose 0.6 percent, Malaysia gained 0.9 percent to touch its highest since March 18, Thailand ended
Published 24 Mar, 2010 12:00am
European shares hit 17-month high

European shares hit 17-month high

European shares hit a more than 17-month high on Tuesday, boosted by Cairn Energy after it gave an upbeat outlook and by insurer Legal & General, which reported better than expected results. The FTSEurofirst 300 index of leading European shares closed up
Published 24 Mar, 2010 12:00am
India shares higher

India shares higher

Indian shares closed 0.2 percent higher on Tuesday, led by gains in Reliance Industries and outsourcers, with firm global markets boosting sentiment. However, trade was volatile ahead of the expiry of monthly derivative contracts on the National Stock Exc
Published 24 Mar, 2010 12:00am
European bonds: HSBC, Abengoa feature in primary market pick-up

European bonds: HSBC, Abengoa feature in primary market pick-up

European credit default swaps indices tightened on Tuesday, in line with rising stocks, with the primary market taking centre stage with a high-yield bond deal and subordinated bank issue from HSBC. HSBC became the third bank in a week - following Lloyds
Published 24 Mar, 2010 12:00am
European bonds: HSBC, Abengoa feature in primary market pick-up

European bonds: HSBC, Abengoa feature in primary market pick-up

European credit default swaps indices tightened on Tuesday, in line with rising stocks, with the primary market taking centre stage with a high-yield bond deal and subordinated bank issue from HSBC. HSBC became the third bank in a week - following Lloyds
Published 24 Mar, 2010 12:00am
Tuesday's afternoon trade: markets tick higher

Tuesday's afternoon trade: markets tick higher

US stocks advanced on Tuesday on gains in the industrial and technology sectors and after US existing homes sales fell less than expected in February. Caterpillar Inc added 3.5 percent to $62.05 and was the top boost to the Dow after Wells Fargo raised it
Published 24 Mar, 2010 12:00am
EU admits problems with British security firm at Afghan embassy

EU admits problems with British security firm at Afghan embassy

The European Commission on Tuesday admitted there had been problems in 2008 with a British security contractor protecting the EU embassy in Afghanistan. "There was some dysfunctioning" after the commission, the EU's executive arm, signed a contract in Jun
Published 24 Mar, 2010 12:00am
Rio staff face China secrets charge, admit bribes

Rio staff face China secrets charge, admit bribes

Four Rio Tinto executives faced charges in China on Tuesday of stealing commercial secrets after admitting to taking bribes, in a trial that has underscored the Chinese steel industry's growing need for iron ore. Lawyers said Australian Stern Hu, head of
Published 24 Mar, 2010 12:00am
Number of asylum seekers in West stable, belies myth: UN

Number of asylum seekers in West stable, belies myth: UN

The number of people seeking asylum in the West last year remained stable, shattering the myth that there is a flood of people trying to reach rich countries, the United Nations refugee agency said on Tuesday. Some 377,200 people claiming to flee conflict
Published 24 Mar, 2010 12:00am
British government in lobbying row as former ministers suspended

British government in lobbying row as former ministers suspended

British Prime Minister Gordon Brown's Labour government denied involvement in a cash-for-lobbying scandal Tuesday, after three of its ex-ministers were suspend from the party late Monday after a documentary was aired in which he was secretly filmed offeri
Published 24 Mar, 2010 12:00am
India launches ultra-luxury Maharaja train service

India launches ultra-luxury Maharaja train service

India has launched its most luxurious and expensive train service yet, seeking to attract well-heeled foreign rail enthusiasts prepared to pay the minimum 800-dollars-a-night price tag. For most visitors, rail travel in India is an indispensable part of a
Published 24 Mar, 2010 12:00am
Somali pirates seize Turkish ship

Somali pirates seize Turkish ship

Somali pirates have seized a Turkish ship with a crew of 21 - 19 Turks and two Ukrainians - Turkish broadcasters said on Tuesday. The ship, MV Frigia, was Maltese flagged and was hijacked off the Indian coast, news channels said. "My men have hijacked a T
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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