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Nov 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-04-09
BRIndex30 up by 33.88 points

BRIndex30 up by 33.88 points

On Thursday, BRIndex30 touched an intraday high of 8,897.01 and an intraday low of 8,862.06 and closed at 8,897.01, which is 33.88 points or 0.38 percent higher than yesterday's close. Total volume was 155,077,736, as compared to volumes of KSE All Share
Published 09 Apr, 2010 12:00am
BRIndex30 up by 33.88 points

BRIndex30 up by 33.88 points

On Thursday, BRIndex30 touched an intraday high of 8,897.01 and an intraday low of 8,862.06 and closed at 8,897.01, which is 33.88 points or 0.38 percent higher than yesterday's close. Total volume was 155,077,736, as compared to volumes of KSE All Share
Published 09 Apr, 2010 12:00am
Index gains 10.56 points

Index gains 10.56 points

After witnessing a mixed trend, the KSE-100 index closed at 10,533.57 with a net gain of 10.56 points. The market on Thursday opened on a positive note and the index hit 10,594.57 points intra-day high level, up 71.56 points. However, investors opted for
Published 09 Apr, 2010 12:00am
Index gains 10.56 points

Index gains 10.56 points

After witnessing a mixed trend, the KSE-100 index closed at 10,533.57 with a net gain of 10.56 points. The market on Thursday opened on a positive note and the index hit 10,594.57 points intra-day high level, up 71.56 points. However, investors opted for
Published 09 Apr, 2010 12:00am
Index gains 10.56 points

Index gains 10.56 points

After witnessing a mixed trend, the KSE-100 index closed at 10,533.57 with a net gain of 10.56 points. The market on Thursday opened on a positive note and the index hit 10,594.57 points intra-day high level, up 71.56 points. However, investors opted for
Published 09 Apr, 2010 12:00am
Government decides to export two million tons of wheat

Government decides to export two million tons of wheat

The government has decided to export 2 million tons of wheat and constituted a Committee headed by Advisor to Prime Minister on Finance Dr Abdul Hafeez Sheikh to explore viable options in the wake of declining wheat price in the international market, sour
Published 09 Apr, 2010 12:00am
Government decides to export two million tons of wheat

Government decides to export two million tons of wheat

The government has decided to export 2 million tons of wheat and constituted a Committee headed by Advisor to Prime Minister on Finance Dr Abdul Hafeez Sheikh to explore viable options in the wake of declining wheat price in the international market, sour
Published 09 Apr, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (April 08, 2010).

Published 09 Apr, 2010 12:00am
Government decides to export two million tons of wheat

Government decides to export two million tons of wheat

The government has decided to export 2 million tons of wheat and constituted a Committee headed by Advisor to Prime Minister on Finance Dr Abdul Hafeez Sheikh to explore viable options in the wake of declining wheat price in the international market, sour
Published 09 Apr, 2010 12:00am
PSO board to consider LPG outsourcing contract today

PSO board to consider LPG outsourcing contract today

Pakistan State Oil''s (PSO) Board of Management (BoM) is holding a meeting in Islamabad on Friday (today) to discuss a one-point agenda: LPG outsourcing contract, well-informed sources told Business Recorder. "We are facing a catch 22 situation in
Published 09 Apr, 2010 12:00am
PSO board to consider LPG outsourcing contract today

PSO board to consider LPG outsourcing contract today

Pakistan State Oil's (PSO) Board of Management (BoM) is holding a meeting in Islamabad on Friday (today) to discuss a one-point agenda: LPG outsourcing contract, well-informed sources told Business Recorder. "We are facing a catch 22 situation in t
Published 09 Apr, 2010 12:00am
PSO board to consider LPG outsourcing contract today

PSO board to consider LPG outsourcing contract today

Pakistan State Oil's (PSO) Board of Management (BoM) is holding a meeting in Islamabad on Friday (today) to discuss a one-point agenda: LPG outsourcing contract, well-informed sources told Business Recorder. "We are facing a catch 22 situation in t
Published 09 Apr, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 08, 2010).

Published 09 Apr, 2010 12:00am
Bank of Italy blocks issue of American Express credit cards

Bank of Italy blocks issue of American Express credit cards

The Bank of Italy said Thursday it has blocked the issue of American Express credit cards because the company failed to respect regulations on late fee payments and money laundering. "The Bank of Italy passed a measure to suspend the issue of new American
Published 09 Apr, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 08, 2010).
Published 09 Apr, 2010 12:00am
Bank of Italy blocks issue of American Express credit cards

Bank of Italy blocks issue of American Express credit cards

The Bank of Italy said Thursday it has blocked the issue of American Express credit cards because the company failed to respect regulations on late fee payments and money laundering. "The Bank of Italy passed a measure to suspend the issue of new American
Published 09 Apr, 2010 12:00am
Bank of Italy blocks issue of American Express credit cards

Bank of Italy blocks issue of American Express credit cards

The Bank of Italy said Thursday it has blocked the issue of American Express credit cards because the company failed to respect regulations on late fee payments and money laundering. "The Bank of Italy passed a measure to suspend the issue of new American
Published 09 Apr, 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 Thursday (April 08, 2010).

Published 09 Apr, 2010 12:00am
Three Major Generals promoted

Three Major Generals promoted

Three Major-Generals of Pakistan Army have been promoted to the rank of Lieutenant Generals on Thursday, a private TV channel reported. According to the channel, they are Major Generals Haroon Aslam, Mohammad Arshad Mehmood and Waheed Arshad.
Published 09 Apr, 2010 12:00am
Three Major Generals promoted

Three Major Generals promoted

Three Major-Generals of Pakistan Army have been promoted to the rank of Lieutenant Generals on Thursday, a private TV channel reported. According to the channel, they are Major Generals Haroon Aslam, Mohammad Arshad Mehmood and Waheed Arshad.
Published 09 Apr, 2010 12:00am
Six indicted in alleged $102 million scheme to defraud USDA

Six indicted in alleged $102 million scheme to defraud USDA

Six people have been indicted in an alleged scheme to defraud the United States Department of Agriculture (USDA) of $102 million, the US Department of Justice said on Thursday. The alleged scheme centers on the export of agricultural commodities to Mexico
Published 09 Apr, 2010 12:00am
Six indicted in alleged $102 million scheme to defraud USDA

Six indicted in alleged $102 million scheme to defraud USDA

Six people have been indicted in an alleged scheme to defraud the United States Department of Agriculture (USDA) of $102 million, the US Department of Justice said on Thursday. The alleged scheme centers on the export of agricultural commodities to Mexico
Published 09 Apr, 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 Thursday (April 08, 2010).

Published 09 Apr, 2010 12:00am
Six indicted in alleged $102 million scheme to defraud USDA

Six indicted in alleged $102 million scheme to defraud USDA

Six people have been indicted in an alleged scheme to defraud the United States Department of Agriculture (USDA) of $102 million, the US Department of Justice said on Thursday. The alleged scheme centers on the export of agricultural commodities to Mexico
Published 09 Apr, 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 Thursday (April 08, 2010).

Published 09 Apr, 2010 12:00am
Climate talks could pick up from failed summit

Climate talks could pick up from failed summit

Climate change negotiators convening this weekend are hoping to renew momentum on a new global warming treaty after setbacks at the Copenhagen summit four months ago but the talks could easily turn into a round of recriminations. Delegates from 175 countr
Published 09 Apr, 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 Thursday (April 08, 2010).

Published 09 Apr, 2010 12:00am
Climate talks could pick up from failed summit

Climate talks could pick up from failed summit

Climate change negotiators convening this weekend are hoping to renew momentum on a new global warming treaty after setbacks at the Copenhagen summit four months ago but the talks could easily turn into a round of recriminations. Delegates from 175 countr
Published 09 Apr, 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 09 Apr, 2010 12:00am
Ministry refuses to pay compensatory rebate to spinners

Ministry refuses to pay compensatory rebate to spinners

The Ministry of Textile Industry has refused to pay the two percent compensatory rebate to the spinners on local sale in lieu of the quota restriction on the export of cotton yarn, as committed by the then Finance Minister at the time of imposition of quo
Published 09 Apr, 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 09 Apr, 2010 12:00am
Ministry refuses to pay compensatory rebate to spinners

Ministry refuses to pay compensatory rebate to spinners

The Ministry of Textile Industry has refused to pay the two percent compensatory rebate to the spinners on local sale in lieu of the quota restriction on the export of cotton yarn, as committed by the then Finance Minister at the time of imposition of quo
Published 09 Apr, 2010 12:00am
Ministry refuses to pay compensatory rebate to spinners

Ministry refuses to pay compensatory rebate to spinners

The Ministry of Textile Industry has refused to pay the two percent compensatory rebate to the spinners on local sale in lieu of the quota restriction on the export of cotton yarn, as committed by the then Finance Minister at the time of imposition of quo
Published 09 Apr, 2010 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 09 Apr, 2010 12:00am
Rs 85.114 billion PHPL TFCs: MoF refuses to grant stamp duty waiver

Rs 85.114 billion PHPL TFCs: MoF refuses to grant stamp duty waiver

The Finance Ministry has reportedly refused to exempt PHPL Term Finance Certificates (TFCs) - issued to settle the persistent energy sector circular debt - valued at Rs 85.114 billion from stamp duty, official sources told Business Recorder.
Published 09 Apr, 2010 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 09 Apr, 2010 12:00am
Rs 85.114 billion PHPL TFCs: MoF refuses to grant stamp duty waiver

Rs 85.114 billion PHPL TFCs: MoF refuses to grant stamp duty waiver

The Finance Ministry has reportedly refused to exempt PHPL Term Finance Certificates (TFCs) - issued to settle the persistent energy sector circular debt - valued at Rs 85.114 billion from stamp duty, official sources told Business Recorder.
Published 09 Apr, 2010 12:00am
Rs 85.114 billion PHPL TFCs: MoF refuses to grant stamp duty waiver

Rs 85.114 billion PHPL TFCs: MoF refuses to grant stamp duty waiver

The Finance Ministry has reportedly refused to exempt PHPL Term Finance Certificates (TFCs) - issued to settle the persistent energy sector circular debt - valued at Rs 85.114 billion from stamp duty, official sources told Business Recorder.
Published 09 Apr, 2010 12:00am
Rs 85.114 billion PHPL TFCs: MoF refuses to grant stamp duty waiver

Rs 85.114 billion PHPL TFCs: MoF refuses to grant stamp duty waiver

The Finance Ministry has reportedly refused to exempt PHPL Term Finance Certificates (TFCs) - issued to settle the persistent energy sector circular debt - valued at Rs 85.114 billion from stamp duty, official sources told Business Recorder.
Published 09 Apr, 2010 12:00am
The role of stock exchange in the economic development of Pakistan

The role of stock exchange in the economic development of Pakistan

The role of the stock market is to raise long-term funds for corporations (primary market) while providing a platform for the trading of securities (secondary market). Stock exchanges encourage investment through pooling of resources, enabling corporation
Published 09 Apr, 2010 12:00am
Obama and Medvedev sign disarmament treaty

Obama and Medvedev sign disarmament treaty

The United States and Russia signed a landmark disarmament treaty on Thursday they hope will herald better bilateral ties and raise pressure on countries seeking nuclear weapons to renounce such ambitions. Presidents Barack Obama and Dmitry Medvedev signe
Published 09 Apr, 2010 12:00am
Revitalising asset management

Revitalising asset management

Asset management is a business of trust. And trust is the precondition for prosperity and economic well being of the industry. Unfortunately, the liquidity crisis of September 2008 created a gaping trust deficit from which the industry is still recovering
Published 09 Apr, 2010 12:00am
Obama and Medvedev sign disarmament treaty

Obama and Medvedev sign disarmament treaty

The United States and Russia signed a landmark disarmament treaty on Thursday they hope will herald better bilateral ties and raise pressure on countries seeking nuclear weapons to renounce such ambitions. Presidents Barack Obama and Dmitry Medvedev signe
Published 09 Apr, 2010 12:00am
Arif Habib Investments Limited

Arif Habib Investments Limited

Arif Habib Investments Limited (AHI) is an asset management company managing 13 mutual funds. The Company is currently managing Rs 17.5 billion (as of 6th April 2010). We are one of the fastest growing asset management companies in the country, with 8 ope
Published 09 Apr, 2010 12:00am
Controversial scholar's first US visit in six years

Controversial scholar's first US visit in six years

A leading Muslim scholar, in the United States for the first time in six years after the Obama administration lifted a travel ban on him, says he will not shy away from criticising the president whose policies finally allowed him to visit.
Published 09 Apr, 2010 12:00am
The fine line between investing and speculating

The fine line between investing and speculating

A real life story of one of our investors: I am a salaried executive who once aspired to become an entrepreneur. In 2002, I had Rs 5 Million comprising of my 15 years accumulated savings and my share of proceeds from sale of my ancestral property.
Published 09 Apr, 2010 12:00am
UK backing Pakistan's entry to a trade scheme: Miliband

UK backing Pakistan's entry to a trade scheme: Miliband

British Foreign Secretary David Miliband has said both his country and Pakistan enjoy a very positive and mutually supportive relationship, which would continue in future as well. Talking to the media during his visit to the Islamic Centre in Tooting, sou
Published 09 Apr, 2010 12:00am
Stimulating domestic savings

Stimulating domestic savings

Of the many differences between the US and Chinese economies, one stand out rather more striking than others; the US spends tomorrow's money today, whereas the latter spends today's money tomorrow. And it is this very savings rate, which drives the Asian
Published 09 Apr, 2010 12:00am
No one can call it a rubber stamp parliament: Prime Minister

No one can call it a rubber stamp parliament: Prime Minister

Terming the unanimous passage of 18th Amendment Bill as a dividend of reconciliatory politics, Prime Minister Syed Yousuf Raza Gilani on Thursday said that it will establish supremacy of parliament and strengthen democracy. Speaking in National Assembly a
Published 09 Apr, 2010 12:00am
Capital market in search of reforms

Capital market in search of reforms

Real capital formation is very low in Pakistan. Outside the equity market, which is largely dominated by a few companies, there is little scope. What do you think can be done to turn this dynamic around? When we talk about capital markets, there are three
Published 09 Apr, 2010 12:00am
No one can call it a rubber stamp parliament: Prime Minister

No one can call it a rubber stamp parliament: Prime Minister

Terming the unanimous passage of 18th Amendment Bill as a dividend of reconciliatory politics, Prime Minister Syed Yousuf Raza Gilani on Thursday said that it will establish supremacy of parliament and strengthen democracy. Speaking in National Assembly a
Published 09 Apr, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 113,366 tonnes of cargo including 76,324 tonnes of import cargo; 37,042 tonnes of export cargo and 3,603 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 76,324 tonnes com
Published 09 Apr, 2010 12:00am
New Kyrgyz rulers hail Russia

New Kyrgyz rulers hail Russia

Kyrgyzstan's self-proclaimed new leaders thanked Russia on Thursday for helping to oust President Kurmanbek Bakiyev, and said they aimed to close a US airbase that supplies forces in Afghanistan. Their comments set Wednesday's overthrow of Bakiyev, who fl
Published 09 Apr, 2010 12:00am
Rising corn prices push China closer to imports

Rising corn prices push China closer to imports

Spiralling corn prices in China, after a poor harvest and government stockpiling, could see major imports from the world's most populous nation for the first time in four years. Feed millers are in talks with suppliers and some may be close to signing dea
Published 09 Apr, 2010 12:00am
New Kyrgyz rulers hail Russia

New Kyrgyz rulers hail Russia

Kyrgyzstan's self-proclaimed new leaders thanked Russia on Thursday for helping to oust President Kurmanbek Bakiyev, and said they aimed to close a US airbase that supplies forces in Afghanistan. Their comments set Wednesday's overthrow of Bakiyev, who fl
Published 09 Apr, 2010 12:00am
Prices move both ways on grain, seed market

Prices move both ways on grain, seed market

Many changes were seen on the wholesale grain and oilseed market on Thursday as buyers indulged in fresh purchasing to the meet the near-term needs, dealers said. On the grams side, gram 50x50 lost Rs 150 to Rs 4550-4750, gram dal 50x50 followed the same
Published 09 Apr, 2010 12:00am
Five to seven percent VAT for consumer goods envisaged

Five to seven percent VAT for consumer goods envisaged

Federal Board of Revenue Chairman Sohail Ahmed on Thursday hinted at introducing two to three different rates, ranging between 5 to 7 percent of Value Added Tax for consumers in case scientific studies showed minimum revenue implications of VAT. Addressin
Published 09 Apr, 2010 12:00am
Milk powder higher on Jodia Bazar

Milk powder higher on Jodia Bazar

The trading in milk powder closed higher on Jodia Bazar here on Thursday. The following variations were noted.
Published 09 Apr, 2010 12:00am
Five to seven percent VAT for consumer goods envisaged

Five to seven percent VAT for consumer goods envisaged

Federal Board of Revenue Chairman Sohail Ahmed on Thursday hinted at introducing two to three different rates, ranging between 5 to 7 percent of Value Added Tax for consumers in case scientific studies showed minimum revenue implications of VAT. Addressin
Published 09 Apr, 2010 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was higher, while the July contract did not move any side on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The May contract had ended at Rs 997.40 on Wednesday started with a slight rise of 30 paisa a
Published 09 Apr, 2010 12:00am
Five to seven percent VAT for consumer goods envisaged

Five to seven percent VAT for consumer goods envisaged

Federal Board of Revenue Chairman Sohail Ahmed on Thursday hinted at introducing two to three different rates, ranging between 5 to 7 percent of Value Added Tax for consumers in case scientific studies showed minimum revenue implications of VAT. Addressin
Published 09 Apr, 2010 12:00am
Cotton prices remain firm amid modest activity

Cotton prices remain firm amid modest activity

Firmness prevailed on the cotton market on Thursday as ginners did not show any flexibility in their attitude towards prices, dealers said. The Karachi Cotton Association (KCA) official spot rate was inert at Rs 5,625, dealers said. In the ready business,
Published 09 Apr, 2010 12:00am
Provinces to get VAT collection powers

Provinces to get VAT collection powers

The Table-II of the First Schedule of the Federal Excise Act would be deleted in budget (2010-11) to transfer powers of collection of VAT on excisable services from Federal Board of Revenue to provinces from July 1, 2010. Sources told Business Recorder
Published 09 Apr, 2010 12:00am
Prices regain historic high levels on cotton market

Prices regain historic high levels on cotton market

Fast depletion of current cotton crop, general rise in cotton futures prices in New York (ICE), increase in yarn and fabric prices and decisions to suspend 7.5 percent duty concession on yarn exports in India coupled with a proposal to apply prohibitive e
Published 09 Apr, 2010 12:00am
Provinces to get VAT collection powers

Provinces to get VAT collection powers

The Table-II of the First Schedule of the Federal Excise Act would be deleted in budget (2010-11) to transfer powers of collection of VAT on excisable services from Federal Board of Revenue to provinces from July 1, 2010. Sources told Business Recorder
Published 09 Apr, 2010 12:00am
Prices regain historic high levels on cotton market

Prices regain historic high levels on cotton market

Fast depletion of current cotton crop, general rise in cotton futures prices in New York (ICE), increase in yarn and fabric prices and decisions to suspend 7.5 percent duty concession on yarn exports in India coupled with a proposal to apply prohibitive e
Published 09 Apr, 2010 12:00am
Provinces to get VAT collection powers

Provinces to get VAT collection powers

The Table-II of the First Schedule of the Federal Excise Act would be deleted in budget (2010-11) to transfer powers of collection of VAT on excisable services from Federal Board of Revenue to provinces from July 1, 2010. Sources told Business Recorder
Published 09 Apr, 2010 12:00am
Xiangguang to triple copper capacity

Xiangguang to triple copper capacity

China's Xiangguang Copper plans to triple production capacity by the first half of next year as the construction of a second phase unit and upgrade projects are completed, a company official said on Thursday. Xiangguang will raise copper refining and smel
Published 09 Apr, 2010 12:00am
Profoundly Historic

Profoundly Historic

The National Assembly on Thursday made history by passing unanimously "The Constitution (Eighteenth Amendment) Bill, 2010, even surpassing a two-thirds majority (292-member) that the bill required for its passage to remove distortions from the 1973 Consti
Published 09 Apr, 2010 12:00am
US copper drops

US copper drops

US copper futures closed lower on Wednesday, pressured by the dollar's advance on the euro, but traders said the red metal's overbought conditions were ripe for some downward correction after hitting a 21-month high in the previous session. Copper for May
Published 09 Apr, 2010 12:00am
Profoundly Historic

Profoundly Historic

The National Assembly on Thursday made history by passing unanimously "The Constitution (Eighteenth Amendment) Bill, 2010, even surpassing a two-thirds majority (292-member) that the bill required for its passage to remove distortions from the 1973 Consti
Published 09 Apr, 2010 12:00am
Shanghai copper tumbles

Shanghai copper tumbles

London copper futures extended losses on Thursday, pulling back from a 20-month high struck this week and a rally of nearly 10 percent over the past two weeks. Three-month copper on the London Metal Exchange dipped $87.75 to $7,857.25 by 0704 GMT, having
Published 09 Apr, 2010 12:00am
US rice ends mixed

US rice ends mixed

US rice futures on the Chicago Board of Trade closed mixed on Wednesday, with nearby contracts modestly lower on profit-taking after the front contract hit a one-month peak. Back months ended higher as old-crop/new-crop spreads unwound, a reversal of Tues
Published 09 Apr, 2010 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Tokyo rubber futures slipped on Thursday, retreating from a 20-month high the previous day due to profit-taking and lower oil prices, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for September delivery fell 4.6 yen to settle
Published 09 Apr, 2010 12:00am
New York sugar ends firmer

New York sugar ends firmer

Raw sugar futures settled firmer Wednesday on buying by small investors as the market appears to be consolidating after its recent sharp sell-off since scaling a 29-year peak in February, brokers said. May raw sugar contract rose 0.27 cent to end at 16.16
Published 09 Apr, 2010 12:00am
US soyabean surges

US soyabean surges

US soyabean futures on the Chicago Board of Trade closed higher Wednesday for a second day, following the corn market which soared on talk of China seeking US supplies, traders said. Buying accelerated as buy-stops were hit. May soyabeans hit a one-week h
Published 09 Apr, 2010 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian crude palm oil futures rose on Thursday, extending gains from the previous session as the Malaysian ringgit eased from 23-month highs. Traders are on the lookout for a slew of Malaysian palm oil production, stocks and exports data due over the w
Published 09 Apr, 2010 12:00am
Oil slips below $86 in Asia

Oil slips below $86 in Asia

Oil declined for a second day on Thursday to trade below $86 as a stronger dollar and soaring US crude stockpiles took the steam out of the year's sharpest rally. Resurgent concern about Greece's fiscal crisis has shaken markets from commodities to equiti
Published 09 Apr, 2010 12:00am
US gold higher

US gold higher

US gold rose to its highest in nearly three months on Wednesday despite a dollar rise, as fund buying, physical demand and technical support lifted the metal above $1,150 an ounce. COMEX June settles up $17, or 1.5 percent, at $1,153 an ounce. Range $1,13
Published 09 Apr, 2010 12:00am
Gold falls in Asian trade

Gold falls in Asian trade

Gold slipped on Thursday after rising to its highest in nearly three months the previous day as a strong dollar ignited selling in the physical sector, while platinum group metals struggled to hold gains after a rally. Volume was light, making precious me
Published 09 Apr, 2010 12:00am
Australian jobs boom returns

Australian jobs boom returns

Australian employment swung higher in March as companies ramped up full-time hiring in a mark of confidence in the economy, keeping upward pressure on official interest rates. The Australian dollar edged up while bill futures held on to modest gains with
Published 09 Apr, 2010 12:00am
China and Costa Rica sign free trade pact

China and Costa Rica sign free trade pact

China said Thursday it had signed a free trade agreement with Costa Rica, paving the way to lift almost all tariffs on Chinese textiles, chemicals and machinery to the Central American nation. The pact signed in Beijing will remove most duties on Costa Ri
Published 09 Apr, 2010 12:00am
Indonesia and EU set up group to enhance economic ties

Indonesia and EU set up group to enhance economic ties

Indonesia and the European Union have set up a body to study ways of improving economic ties, Indonesian Trade Minister Mari Pangestu said Thursday. "We have just created a vision group between Indonesia and the EU to basically undertake a study to see ho
Published 09 Apr, 2010 12:00am
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