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Dec 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-08-24
M&A news boosts European shares

M&A news boosts European shares

European shares rose on Monday from the previous session's one-month low, boosted by merger and acquisition news and on gains in the mining sector on industry hopes a planned Australian mining tax could be scrapped. M&A news buoyed the financial sector. I
Published 24 Aug, 2010 12:00am
Australian shares buoyed

Australian shares buoyed

Australian stocks ended Monday almost unchanged after the first hung parliament in 70 years left the market grappling for direction, although miners gained on bets a planned new mining tax may never surface. Foster's ralled to a 2-1/2 year high on take-ov
Published 24 Aug, 2010 12:00am
FTSE ends three-day losing run on M&A activity

FTSE ends three-day losing run on M&A activity

Britain's leading share index ended a three-session losing run on Monday, helped by a spate of corporate take-over activity, though trading was thin. HSBC said on Monday it was in talks to buy up to 70 percent in South Africa's fourth-largest bank, Nedban
Published 24 Aug, 2010 12:00am
Dollar rates extend decline

Dollar rates extend decline

Interbank dollar funding costs fell on Monday with a benchmark rate reaching its lowest level in four months after recent economic data supported the view that the Federal Reserve would keep rates low for longer. The three-month dollar London interbank of
Published 24 Aug, 2010 12:00am
Dollar steadies in Asia

Dollar steadies in Asia

The US dollar held steady on Monday, retaining most of the gains it made late last week when growing worries about the global economy prompted investors to park funds in the world's most liquid currency, while the Australian dollar slid on political uncer
Published 24 Aug, 2010 12:00am
Monday's early trade in New York: euro falls broadly

Monday's early trade in New York: euro falls broadly

The euro fell on Monday, as the latest data added to concerns over the eurozone economy as investors increasingly bet on prospects of loose monetary policy until year-end. Sentiment has begun to turn sour on the single currency again, after a rally in lat
Published 24 Aug, 2010 12:00am
Euro stays under pressure in London

Euro stays under pressure in London

The euro stayed under pressure on Monday, hurt by concerns over the eurozone economy and prospects of loose monetary policy until year-end which led investors to extend short positions in the single currency. The Australian dollar reversed losses after be
Published 24 Aug, 2010 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 69.54/69.5450 (previous 69.52/69.52). Call Money Rates: 4.75-7.50 percent (previous 4.25-8.00 percent).
Published 24 Aug, 2010 12:00am
Indian rupee moves in thin band

Indian rupee moves in thin band

The Indian rupee held in a tight range on Monday as mild gains in domestic shares and the dollar's losses versus majors was offset by concerns over sustained risk aversion in global markets. The partially convertible rupee closed at 46.65/66 per dollar, s
Published 24 Aug, 2010 12:00am
Ringgit hits another 13-year peak; baht advances

Ringgit hits another 13-year peak; baht advances

The Malaysian ringgit hit a 13-year high on Monday as foreign investors snapped up local bonds, while the Thai baht rose to its highest in 28 months after data showed faster-than-expected economic growth. Most Asian currencies marked time as the dollar he
Published 24 Aug, 2010 12:00am
Yuan slightly down

Yuan slightly down

The yuan ended down slightly against the dollar on Monday, as the People's Bank of China set a weaker mid-point in the wake of the dollar's rebound in global markets. Dealers said the PBOC was showing initiative to keep the yuan in a small range as China'
Published 24 Aug, 2010 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling hit its highest in nearly eight weeks against the euro on Monday on speculation that monetary policy in the eurozone would remain more accommodative than in Britain. However, the pound slipped against the dollar, which rose broadly as a slide in
Published 24 Aug, 2010 12:00am
Australian dollar claws back

Australian dollar claws back

The Australian dollar clawed back on Monday after investors saw the prospect of the nation's first hung parliament in 70 years as just a blip in its long-standing political stability, which is expected to hold. So calm were investors over the idea that Au
Published 24 Aug, 2010 12:00am
Swiss franc moves toward all-time high

Swiss franc moves toward all-time high

The Swiss franc moved back towards the all time high hit against the euro in July, as investors remained wary of taking on risk due to mounting concerns about the global economic recovery. The franc, seen as a safe-haven currency, has risen strongly in re
Published 24 Aug, 2010 12:00am
FIFA inspectors assess England World Cup bid

FIFA inspectors assess England World Cup bid

FIFA inspectors began a four-day visit to inspect England's 2018 World Cup bid on Monday with the campaign boosted by encouraging words from FIFA president Sepp Blatter. A six-man FIFA inspection team was to be greeted by Deputy Prime Minister Nick Clegg
Published 24 Aug, 2010 12:00am
Messi hat-trick leads Barca to Super Cup glory

Messi hat-trick leads Barca to Super Cup glory

Lionel Messi scored a hat-trick to lead Barcelona to a 4-0 victory over Sevilla on Saturday and a 5-3 aggregate win in the Spanish Super Cup. The Argentine forward had a quiet World Cup in South Africa in June and July but looked more comfortable back amo
Published 24 Aug, 2010 12:00am
Twitter, Facebook OK for Aussies during Ashes

Twitter, Facebook OK for Aussies during Ashes

Australia have ruled out following England's reported lead of banning their players from using the social networking sites Twitter and Facebook during the forthcoming home Ashes series. Weekend reports said England's cricketers were facing a ban from usin
Published 24 Aug, 2010 12:00am
Ponting tips 'something special' from his Aussies

Ponting tips 'something special' from his Aussies

Ricky Ponting said on Monday his Australian team were on the verge of "something special" over the next eight months packed with an Ashes series, a tour to India and next year's World Cup. The Australians began a training camp on Queensland's Sunshine Coa
Published 24 Aug, 2010 12:00am
Pakistan bans seven athletes on doping offences

Pakistan bans seven athletes on doping offences

Pakistan has banned seven top athletes for two years over doping offences just two months ahead of the Commonwealth Games, an official said Monday. The athletes tested positive for banned steroids at the national championships last month.
Published 24 Aug, 2010 12:00am
New Zealand rule out Pakistan trip

New Zealand rule out Pakistan trip

New Zealand cricket chiefs on Monday backed the idea of fundraising matches for flood-ravaged Pakistan but ruled out the prospect of the Black Caps travelling there. Reports from Pakistan indicated New Zealand had offered to play there to raise funds for
Published 24 Aug, 2010 12:00am
Sayid Paper Mills win in Lums T20

Sayid Paper Mills win in Lums T20

Sayid Paper Mills Stags outplayed Chaudhry Steel by nine wickets in the fifth Lahore University of Management Sciences (Lums) Twenty-20 Cricket Cup, played at Lums ground. Chaudhry Steel were all out for 90 runs with Wasim making 33 runs and Shahid 10. Sa
Published 24 Aug, 2010 12:00am
Badminton Championships: World number one Chong Wei sweeps through

Badminton Championships: World number one Chong Wei sweeps through

World number one Lee Chong Wei breezed through his first round match against Guatemala's Kevin Cordon 21-7 21-11 on the opening morning of the world badminton championships on Monday. The game was the first on court at 10 am local time at the Pierre de Co
Published 24 Aug, 2010 12:00am
Flower tells Pakistan captain to stay out of Ashes

Flower tells Pakistan captain to stay out of Ashes

Andy Flower has told Salman Butt to mind his own business after the Pakistan captain backed Australia to deny England a successful defence of the Ashes. Butt's men beat England by four wickets at The Oval here on Saturday to reduce the hosts' series lead
Published 24 Aug, 2010 12:00am
Rudisha eyes record improvement and golds

Rudisha eyes record improvement and golds

David Rudisha has hopes of improving his 800 metres world record before setting his sights on Olympic and world championship gold medals, the Kenyan told Reuters on Monday. Rudisha broke the men's 800 world record in Berlin on Sunday with a time of one mi
Published 24 Aug, 2010 12:00am
'Flood Relief Football Tournament' from August 17

'Flood Relief Football Tournament' from August 17

As many as 18 prominent clubs of Lahore will be showing their mettle in the 'Fair Play Flood Relief Fund Football Tournament' that will be played at Model Town Football Academy (MTFA) ground from Friday (August 27). Malik Saiful Malook Khokhar MPA will in
Published 24 Aug, 2010 12:00am
Thai economy unexpectedly strong in second quarter

Thai economy unexpectedly strong in second quarter

Thailand's economy unexpectedly grew in the second quarter from the first as a surge in exports offset deadly political unrest, data showed on Monday, cementing expectations interest rates will rise further this year.
Published 24 Aug, 2010 12:00am
Compensation czar takes charge of $20 billion BP fund

Compensation czar takes charge of $20 billion BP fund

A $20 billion compensation fund for economic victims of the BP Plc Gulf oil spill opens for business on Monday amid accusations that the rules established by its administrator are unfair. Kenneth Feinberg who will run the fund said those who sustained fin
Published 24 Aug, 2010 12:00am
Huge China traffic jam strands thousands of vehicles

Huge China traffic jam strands thousands of vehicles

Thousands of vehicles were bogged down Monday in a more than 100-kilometre (62-mile) traffic jam leading to Beijing that has lasted nine days and highlights China's growing road congestion woes. The Beijing-Tibet expressway slowed to a crawl on August 14
Published 24 Aug, 2010 12:00am
Potash Corp puts pressure on BHP to raise bid

Potash Corp puts pressure on BHP to raise bid

Potash Corp said on Monday it has held talks with other possible suitors as it ratcheted up pressure on BHP Billiton to raise its $39 billion offer for the world's largest fertiliser producer. A source close to the matter said China's Sinochem was one of
Published 24 Aug, 2010 12:00am
Hewlett-Packard launches bid for 3PAR, topping Dell offer

Hewlett-Packard launches bid for 3PAR, topping Dell offer

Hewlett-Packard Co offered $1.6 billion for 3PAR Inc on Monday, topping technology rival Dell Inc's deal to buy the data storage company and potentially sparking a bidding war. HP's move to acquire 3PAR for about one-third more than Dell's offer comes dur
Published 24 Aug, 2010 12:00am
Sri Lanka's economic growth to double: IMF

Sri Lanka's economic growth to double: IMF

Sri Lanka's economic growth rate is expected to double this year, with the country firmly on the road to recovery after decades of ethnic war, a top International Monetary Fund official said Monday. The island's economy will grow by seven percent this yea
Published 24 Aug, 2010 12:00am
Drought costs Russia $1 billion in crop losses

Drought costs Russia $1 billion in crop losses

Russia's agriculture industry faces losses of over one billion dollars after a record drought destroyed over a quarter of its crops, an official said Monday. "The losses amount to about 32.7 billion rubles (1.07 billion dollars)," Deputy Agriculture Minis
Published 24 Aug, 2010 12:00am
World Bank defends controversial HFC carbon-cut plants

World Bank defends controversial HFC carbon-cut plants

The World Bank has defended its investment in chemical plants accused by green groups of raising production of greenhouse gas HFC-23 with the aim of incinerating it to get extra carbon offsets worth millions of dollars.
Published 24 Aug, 2010 12:00am
Opec facing dilemma over oil prices: CGES consultancy

Opec facing dilemma over oil prices: CGES consultancy

Opec is happy with oil prices at the current level of 70-80 dollars per barrel but this will hamper the global economic recovery and energy demand, consultancy CGES warned on Monday. The Organisation of Petroleum Exporting Countries, whose 12 member natio
Published 24 Aug, 2010 12:00am
Bangladesh top court bans 'toxic' ships

Bangladesh top court bans 'toxic' ships

Bangladesh's Supreme Court has reimposed strict environmental controls on the country's ship-breaking yards, a lawyer said Monday, in a verdict likely to trigger protests from the sector. About a third of all ships world-wide are dismantled in sprawling y
Published 24 Aug, 2010 12:00am
Flood-hit employees PPO announces special allowance

Flood-hit employees PPO announces special allowance

Ministry of Pakistan Postal Service has announced a special allowance for its flood-affected employees to help them to build their houses. Minister for Postal Service Israr Ullah Zehri while talking to APP informed that ministry has decided to initiate sp
Published 24 Aug, 2010 12:00am
Indonesia's PKPU to extend relief assistance

Indonesia's PKPU to extend relief assistance

The National Humanitarian Foundation (PKPU) of Indonesia would extend relief assistance of 200 million Rupiah for the flood-affected people of Pakistan. In this connection, a five-member delegation of PKPU, led by its Deputy CEO, Sri Adi Bramasetya, met A
Published 24 Aug, 2010 12:00am
Bus-crash kills 20

Bus-crash kills 20

At least 20 people were killed Monday when a bus overturned in strong water currents, officials said. The accident took place near Khad Buzdar village in the centre of the country. The bus, which had 50 people on board, was bound for Peshawar.
Published 24 Aug, 2010 12:00am
Raisani calls on President

Raisani calls on President

Chief Minister Balochistan Aslam Raisani on Monday called on President Asif Ali Zardari at Aiwan-e-Sadr. The Chief Minister apprised the President about the flood situation in Balochistan and the relief and rehabilitation efforts being undertaken for the
Published 24 Aug, 2010 12:00am
Canada sets up Pakistan Flood Relief Fund

Canada sets up Pakistan Flood Relief Fund

Canadian Leader of the Government in the House of Commons John Baird, on behalf of the Beverley J. Oda, Minister of International Co-operation, on Monday announced that Canadian government has established a Pakistan Floods Relief Fund. "Canadians have sho
Published 24 Aug, 2010 12:00am
Salzburg Festival holds benefit gala

Salzburg Festival holds benefit gala

Russian superstar soprano, Anna Netrebko, will headline a special benefit concert at this year's ultra-exclusive Salzburg Festival to raise money for flood-hit Pakistan, organisers said. Netrebko will appear alongside many of the stars of this year's fest
Published 24 Aug, 2010 12:00am
$150 million aid by US so far

$150 million aid by US so far

The United States has so far provided approximately $150 million to Pakistan for the relief works which are being carried out for the flood affected people, Business Recorder learnt Monday. According to information, given by the US Embassy, the ass
Published 24 Aug, 2010 12:00am
Seta collecting funds

Seta collecting funds

Nepali's Member Parliament Seta Kumari Pondal along with social workers from Sri Lanka and Bangladesh on Monday raised funds for flood stricken Pakistanis. The fund raising event was organised under the aegis of Labour Relief Campaign. She asked the phila
Published 24 Aug, 2010 12:00am
Hyderabad district now out of danger: administrator

Hyderabad district now out of danger: administrator

District Administrator Hyderabad, Aftab Ahmed Khatri has said that Hyderabad district is now out of flood danger as its protective bunds are strong enough to withstand peak flow of high and even super floods. However, he said, some katcha areas located at
Published 24 Aug, 2010 12:00am
Pakistan expects more UN, EU flood talks

Pakistan expects more UN, EU flood talks

Nations helping Pakistan cope with major floods are arranging new talks in New York in September and in Brussels the month afterward to assess the response, a senior official said. The talks would follow a gathering last week at the United Nations, which
Published 24 Aug, 2010 12:00am
Flood destroyed crops worth Rs 82 billion in Punjab: Shahbaz

Flood destroyed crops worth Rs 82 billion in Punjab: Shahbaz

Chief Minister Punjab Shahbaz Sharif has said that the worst-ever flood in the history of Pakistan has devastated crops worth Rs 82 billion in Punjab while a number of towns and villages have also been wiped out. He was addressing the flood-hit people dur
Published 24 Aug, 2010 12:00am
Shanghai new home sales halved in January-July

Shanghai new home sales halved in January-July

Sales of new homes in Shanghai dropped 48 percent in the first seven months of 2010 from a year earlier, as China's efforts to cool the property market began to bite, state media said Monday. By the end of July sales in terms of floor space totalled 9.11
Published 24 Aug, 2010 12:00am
Blackstone signs first major China housing deal

Blackstone signs first major China housing deal

US private equity giant Blackstone Group has signed a deal to make its first major investment in China's booming housing market, a report said Monday. The Financial Times said Blackstone and Great Eagle Holdings, one of Hong Kong's largest property develo
Published 24 Aug, 2010 12:00am
HSBC in talks for 70 percent of South Africa's Nedbank

HSBC in talks for 70 percent of South Africa's Nedbank

HSBC is in talks to buy up to 70 percent of South Africa's Nedbank in a potential $8-billion-plus deal that would give Europe's biggest lender a broader gateway to the fast-growing African continent. HSBC and Anglo-South African insurer Old Mutual, which
Published 24 Aug, 2010 12:00am
South African workers defy court order, arrests made

South African workers defy court order, arrests made

Striking South African state workers defied a court order to return to work on Monday and police fired rubber bullets to disperse strikers who were blocking entrances to a Johannesburg hospital. More than 60 protesters were arrested nation-wide for obstru
Published 24 Aug, 2010 12:00am
Tehran shuts Swedish cosmetics firm, arrests five: company

Tehran shuts Swedish cosmetics firm, arrests five: company

Iranian authorities have arrested five employees of Swedish direct-sales cosmetics firm Oriflame and shut its Tehran office amid reported Iranian allegations of a massive pyramid scheme. "The authorities have now closed Oriflame's operation in Tehran (and
Published 24 Aug, 2010 12:00am
Australia markets bet on new conservative government

Australia markets bet on new conservative government

Australian financial markets bet on Monday that inconclusive weekend elections would deliver a change of government, ushering in a new minority conservative rule that would scrap a planned mining tax. Australia looks likely to be in political limbo for at
Published 24 Aug, 2010 12:00am
Marks and Spencer appoints new chairman

Marks and Spencer appoints new chairman

British clothing-to-food retailer Marks and Spencer on Monday announced that it had appointed Robert Swannell, boss of music retailer HMV, to replace its outgoing chairman Stuart Rose. Swannell, 59, will join the board in early October, before assuming th
Published 24 Aug, 2010 12:00am
Slow growth threatens debt ratings in Europe: Moody's

Slow growth threatens debt ratings in Europe: Moody's

European governments risk getting their debt ratings cut as their economies struggle in the face of efforts to rein in overspending, rating agency Moody's Investors Service warned on Monday. "Given the magnitude of the fiscal challenge and the need to sus
Published 24 Aug, 2010 12:00am
Consumer confidence improves

Consumer confidence improves

Eurozone consumer confidence showed a steady improvement in August, figures from the European Commission showed on Monday, although the longer term prospects for the region's growth remain uncertain. The Commission's flash estimate of consumer optimism in
Published 24 Aug, 2010 12:00am
Pace of eurozone recovery moderating

Pace of eurozone recovery moderating

The eurozone's economic recovery moderated only slightly in August and companies are more optimistic about the coming months despite a divergence in growth rates between countries, a survey showed on Monday. The Eurozone Flash Composite Purchasing Manager
Published 24 Aug, 2010 12:00am
Two Spanish aid workers freed

Two Spanish aid workers freed

Two Spanish aid workers held by al Qaeda's North African wing were freed on Monday, the Spanish government said, ending a kidnapping that lasted nearly nine months, the longest period of captivity in the Sahara desert. Al Qaeda in the Islamic Maghreb (AQI
Published 24 Aug, 2010 12:00am
Nigerian airlines approved for direct US flights

Nigerian airlines approved for direct US flights

The United States has granted Nigerian airlines permission for direct US flights, officials said Monday, less than a year after a Nigerian allegedly tried to blow up a Detroit-bound plane. US ambassador to Nigeria Robin Renee Sanders lauded Nigeria on ach
Published 24 Aug, 2010 12:00am
Australian leaders haggle to form government

Australian leaders haggle to form government

Australia's political leaders Monday began horse-trading with a handful of independent MPs in a bid to form government after a cliff-hanger poll that delivered the first hung parliament in 70 years. Prime Minister Julia Gillard, who suffered a fierce vote
Published 24 Aug, 2010 12:00am
Nepal's parliament again fails to elect new Prime Minister

Nepal's parliament again fails to elect new Prime Minister

Nepal's parliament failed for the fifth time to elect a new prime minister on Monday, leading the president to warn citizens could lose faith in democracy after a three-month leadership vacuum. Nepal has been without a government since June, when former p
Published 24 Aug, 2010 12:00am
Chile secures lifeline to trapped miners

Chile secures lifeline to trapped miners

Rescue workers on Monday reinforced a small drill hole to serve as an umbilical cord to 33 miners found alive 17 days after a cave-in in Chile's far north and say it will take months to dig them out. In what relatives called a miracle, the miners on Sunda
Published 24 Aug, 2010 12:00am
Gunman, eight hostages killed in Manila bus siege

Gunman, eight hostages killed in Manila bus siege

Philippine police shot dead a sacked former policeman as they stormed a bus on which he was holding 15 Hong Kong tourists hostage in central Manila on Monday, and the government said eight hostages were killed. Hong Kong leader Donald Tsang criticised the
Published 24 Aug, 2010 12:00am
Two Nato soldiers killed in Afghanistan

Two Nato soldiers killed in Afghanistan

Two Nato soldiers were killed Monday in separate incidents in Afghanistan, increasing the total casualties among international troops this month to 41, the military said. One of the soldiers was killed in an attack in the south of the country while anothe
Published 24 Aug, 2010 12:00am
UN atomic watchdog chief on maiden trip to Israel

UN atomic watchdog chief on maiden trip to Israel

UN atomic watchdog chief Yukiya Amano arrived in Israel on Monday on his first visit since taking up the post last December, Israeli media reported. The Israeli foreign ministry spokesman could not be reached for confirmation of Amano's arrival but Presid
Published 24 Aug, 2010 12:00am
25 militants escape prison in Tajikistan

25 militants escape prison in Tajikistan

Twenty-five Islamic militants serving long jail terms have escaped from a prison in the Central Asian state of Tajikistan that borders Afghanistan, killing five guards, authorities said on Monday. The inmates broke free late Sunday from a detention centre
Published 24 Aug, 2010 12:00am
Abbas warns Israel against resuming settlements

Abbas warns Israel against resuming settlements

Palestinian president Mahmud Abbas warned that peace talks with Israel would be cut short if the Jewish state resumes settlement activities, according to a letter to the EU seen by AFP Monday. Abbas and Israeli Prime Minister Benjamin Netanyahu accepted o
Published 24 Aug, 2010 12:00am
Turkey to remove Iran from enemies watchlist

Turkey to remove Iran from enemies watchlist

Turkey is to remove Iran from a watchlist of nations it considers a specific threat to its national security, a news report said Monday, amid Western concerns of rapprochement between the two countries. The updated list is contained in Turkey's security r
Published 24 Aug, 2010 12:00am
Ahmadinejad close aide given Middle East role

Ahmadinejad close aide given Middle East role

Iranian President Mahmoud Ahmadinejad has defied calls to fire one of his closest aides and appointed him envoy to the Middle East instead, suggesting that for now he may have the upper hand over his critics. Media reported on Monday that Esfandiar Rahim-
Published 24 Aug, 2010 12:00am
UN rights team starts flotilla probe in Turkey

UN rights team starts flotilla probe in Turkey

Investigators from the United Nations Human Rights Council have begun questioning witnesses of Israel's May 31 capture of a Gaza-bound boat in which nine people died, the UN said on Monday. An official statement said the 3-person team was now in Turkey, u
Published 24 Aug, 2010 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures finished firmer Monday on investor buying in very light business, with analysts saying the market's momentum appear to point to an extension of its summer rally, analysts said. ICE Futures US benchmark December cotton contract rose 0.54 cen
Published 24 Aug, 2010 12:00am
Shanghai copper rises

Shanghai copper rises

Copper prices firmed on Monday but may see renewed weakness on worries over the economic recovery as a stronger US dollar weighs on market sentiment. The dollar held steady on Monday, retaining its gains of late last week when growing worries about the gl
Published 24 Aug, 2010 12:00am
Copper steadies

Copper steadies

Copper steadied on Monday as investors weighed an uptick in European stocks against a stronger dollar and lingering doubts about demand prospects in top consumers China and the United States. Traders were also watching the premium or backwardation on Lond
Published 24 Aug, 2010 12:00am
Malaysian palm oil gains

Malaysian palm oil gains

Malaysian crude palm oil futures ended 0.6 percent higher on Monday after touching fresh three-week lows earlier in the session over concerns that a stronger ringgit will hurt refiner margins. Traders are on the lookout for new cues after palm oil futures
Published 24 Aug, 2010 12:00am
Tokyo rubber futures slip

Tokyo rubber futures slip

Tokyo rubber futures slipped lower on Monday on a strengthening yen and sluggish oil prices, but dealers said prices were unlikely to drop much further after finishing above the 285 yen level. The benchmark rubber contract on the Tokyo Commodity Exchange
Published 24 Aug, 2010 12:00am
Liffe cocoa and sugar up; coffee lower

Liffe cocoa and sugar up; coffee lower

Liffe December cocoa ends 15 pounds higher at 2,015 pounds a tonne on Monday. Dealers noted front-month premium had begun to widen again after narrowing sharply during the last month, reviving concerns about potential tightness in available supplies to te
Published 24 Aug, 2010 12:00am
Oil remains lower

Oil remains lower

US crude oil futures prices fell on Monday for a fourth straight session, slumping to a six-week low as a stronger dollar and tumbling gasoline futures kept pressure on crude oil. The same concerns pummelled oil prices last week - slowing economic growth,
Published 24 Aug, 2010 12:00am
Gold ticks up in Asia

Gold ticks up in Asia

Gold regained strength on Monday as bargain hunters resurfaced after prices dropped slightly in the previous session, while demand from investors was likely to offset gains in the US dollar. Recent poor data from the United States pointed to a faltering e
Published 24 Aug, 2010 12:00am
Gold dips in Europe

Gold dips in Europe

Gold prices eased a touch on Monday as the dollar firmed against the euro, but uncertainty over the outlook for the global economy continued to support investment in the metal as a safe store of value. Spot gold was bid at $1,225.35 an ounce at 1518 GMT,
Published 24 Aug, 2010 12:00am
US MIDDAY: coffee eases from near 13-year peak

US MIDDAY: coffee eases from near 13-year peak

Arabica coffee eased from a near 13-year high early on Monday after a rally partly driven by tight supply of high-quality beans, and bullish technical charts indicated potential for further gains, while sugar was steady. Cocoa reversed losses made earlier
Published 24 Aug, 2010 12:00am
US MIDDAY: wheat higher, corn down; soya choppy

US MIDDAY: wheat higher, corn down; soya choppy

Wheat futures on the Chicago Board of Trade climbed early Monday on expectations that Russia's severe drought would force the country to import grain, traders said. However, wheat backed off its highs as CBOT corn futures sagged on seasonal pressure ahead
Published 24 Aug, 2010 12:00am
US MIDDAY: copper slightly up

US MIDDAY: copper slightly up

US copper futures ended slightly higher on Monday, rebounding from last week's losses, helped by technical support. Copper for September delivery rose 0.05 cents to close at $3.2915 per lb on the COMEX metals division of the New York Mercantile Exchange.
Published 24 Aug, 2010 12:00am
US MIDDAY: gold a tad lower

US MIDDAY: gold a tad lower

US gold futures ended slightly lower early on Monday as a stronger dollar against the euro made the greenback-denominated metal more expensive for holders of other currencies. COMEX December gold futures settle down 30 cents a $1,228.50 an ounce on the CO
Published 24 Aug, 2010 12:00am
Markets in Lahore wear deserted look

Markets in Lahore wear deserted look

The ongoing devastating floods have not only swept away people and their belongings, but also shoppers from the city markets as no hustle and bustle is visible in these markets despite start of second Ashra (second 10 days) of the Holy month of Ramazan.
Published 24 Aug, 2010 12:00am
'PML-N to move privilege motion in National Assembly against MQM chief'

'PML-N to move privilege motion in National Assembly against MQM chief'

Pakistan Muslim League-Nawaz (PML-N) has announced to move privilege motion in the National Assembly against Muttahida Qaumi Movement (MQM) Chief Altaf Hussain for his statement asking the "patriotic Army general" to act against corrupt politician and feu
Published 24 Aug, 2010 12:00am
Martial law type action JI, HRCP leaders condemn statement

Martial law type action JI, HRCP leaders condemn statement

The demand of MQM Chief for the military to "take any martial law type action against corrupt politicians and feudals" has not only open a new debate but also attracted criticism from different political and other quarters.
Published 24 Aug, 2010 12:00am
SCBA condemns Altaf's statement

SCBA condemns Altaf's statement

The Supreme Court Bar Association has condemned MQM leader Altaf Hussain's statement about imposition of Martial Law in the country and said that the legal fraternity will foil all such attempts to derail democracy and impose dictatorship in the country.
Published 24 Aug, 2010 12:00am
Five killed in road accident

Five killed in road accident

Five persons were killed and another 14 injured when a speedy van collided with a tractor-trolley at Basantpur near Lodhran Rescue 1122 in charge said that bodies and injured were shifted to hospital. Police confirmed the death of five persons in road mis
Published 24 Aug, 2010 12:00am
Four women among nine held in connection with various crimes

Four women among nine held in connection with various crimes

Islamabad Police in its operation against outlaws have arrested nine persons including four women for their alleged involvement in dacoity, theft and drug trafficking, recovering a huge quantity of drugs, ammunition and other looted and stolen commodities
Published 24 Aug, 2010 12:00am
Oil tanker bursts killing four, hurting six others

Oil tanker bursts killing four, hurting six others

Four persons were killed and six injured two of them seriously, when an empty oil tanker burst near GTS overhead bridge, here on Monday evening, which was parked at a workshop of its repair. According to details, an empty oil tanker JP-9681 was parked at
Published 24 Aug, 2010 12:00am
Rawal Lake contamination: PEPA, CDA admonished by Supreme Court

Rawal Lake contamination: PEPA, CDA admonished by Supreme Court

The Supreme Court on Monday admonished Pakistan Environmental Protection Agency (PEPA) and Capital Development Authority (CDA) for their inaction against contamination of Rawal Lake through sewage water and directed them to take immediate steps to overcom
Published 24 Aug, 2010 12:00am
MQM chief's appeal to army

MQM chief's appeal to army

Addressing a general workers convention at Lal Qila ground, Muttahida Qaumi Movement (MQM) chief Altaf Hussain called upon patriotic generals to take action against corrupt politicians and to end the feudalism in the country. He is not the first politicia
Published 24 Aug, 2010 12:00am
Cambodians tackle tribunal's legacy after Khmer Rouge trial

Cambodians tackle tribunal's legacy after Khmer Rouge trial

On the outskirts of the city of Battambang in western Cambodia stands a Buddhist pagoda called Wat Samroung Knong. These days the pagoda is a tranquil place, but for four years from 1975 the Khmer Rouge turned it into a killing field as they sought to res
Published 24 Aug, 2010 12:00am
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