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Print - 2010-09-01
Brazil industrial output up

Brazil industrial output up

Industrial production in Brazil rose less than expected in July from June, underscoring the economy's slower pace of expansion compared to torrid, perhaps unsustainable, first-quarter growth. Output rose 0.4 percent in July from the previous month, govern
Published 01 Sep, 2010 12:00am
LHC Chief Justice seeks reply from sports secretary

LHC Chief Justice seeks reply from sports secretary

The Chief Justice of Lahore High Court on Tuesday sought reply from federal sports secretary by September 7 in a petition seeking strict action against Pakistani cricket players for their involvement in match fixing scandal. The petition was filed by a ci
Published 01 Sep, 2010 12:00am
Swedish bank Headquarters appeals against liquidation, eyes sale

Swedish bank Headquarters appeals against liquidation, eyes sale

Swedish investment bank HQ said on Tuesday it had appealed against its forced liquidation and hoped eventually to find a buyer. The Financial Services Authority (FSA) stripped HQ of its licence at the weekend after the watchdog found it broke key banking
Published 01 Sep, 2010 12:00am
LHC Chief Justice seeks reply from sports secretary

LHC Chief Justice seeks reply from sports secretary

The Chief Justice of Lahore High Court on Tuesday sought reply from federal sports secretary by September 7 in a petition seeking strict action against Pakistani cricket players for their involvement in match fixing scandal. The petition was filed by a ci
Published 01 Sep, 2010 12:00am
Asian bond spreads tad wider

Asian bond spreads tad wider

Asian bonds gave up some of their gains on Tuesday, pushing spreads near their highest in nearly two months as weaker equities and an expected string of new issues prompted investors to pocket recent gains. The Asia ex-Japan iTraxx investment-grade index
Published 01 Sep, 2010 12:00am
Players called to talks

Players called to talks

Three Pakistan cricket players named in an alleged betting scam have been summoned from training in south-west England to meet top officials in London, the team manager said Tuesday. Test captain Salman Butt and bowlers Mohammad Aamer and Mohammad Asif ha
Published 01 Sep, 2010 12:00am
Asian bond spreads tad wider

Asian bond spreads tad wider

Asian bonds gave up some of their gains on Tuesday, pushing spreads near their highest in nearly two months as weaker equities and an expected string of new issues prompted investors to pocket recent gains. The Asia ex-Japan iTraxx investment-grade index
Published 01 Sep, 2010 12:00am
Players called to talks

Players called to talks

Three Pakistan cricket players named in an alleged betting scam have been summoned from training in south-west England to meet top officials in London, the team manager said Tuesday. Test captain Salman Butt and bowlers Mohammad Aamer and Mohammad Asif ha
Published 01 Sep, 2010 12:00am
Indian shares at one-month low

Indian shares at one-month low

Indian shares fell 0.3 percent on Tuesday to their lowest close in a month as shaky global markets and concerns about the US economy cast a shadow on the outlook for risk appetite. The 30-share index, however, stretched a monthly winning streak to three,
Published 01 Sep, 2010 12:00am
Three arrested in Britain over betting claims

Three arrested in Britain over betting claims

Two men and a woman have been arrested in Britain in connection with allegations that Pakistani cricket players were involved in a betting scam, customs officials and sources said Tuesday. "Three individuals were arrested on Sunday as part of an ongoing i
Published 01 Sep, 2010 12:00am
South East Asian markets: Indonesia at two-week low

South East Asian markets: Indonesia at two-week low

Indonesian shares hit a two-week low on Tuesday because of worries about inflation and the interest rate outlook but still ended with slim gains on the month, while other markets in the region were mixed on the day. Indonesia's main share index ended 0.6
Published 01 Sep, 2010 12:00am
Three arrested in Britain over betting claims

Three arrested in Britain over betting claims

Two men and a woman have been arrested in Britain in connection with allegations that Pakistani cricket players were involved in a betting scam, customs officials and sources said Tuesday. "Three individuals were arrested on Sunday as part of an ongoing i
Published 01 Sep, 2010 12:00am
Tuesday's early afternoon trade: Dow, S&P edge up

Tuesday's early afternoon trade: Dow, S&P edge up

US stocks rose in choppy trading on Tuesday, closing out a weak month for equities as a pair of positive data surprises on the consumer and housing fronts helped ease investor anxiety over the economy's strength. For the month, the Dow is down 4 percent,
Published 01 Sep, 2010 12:00am
US stocks fall in year's lightest volume

US stocks fall in year's lightest volume

US stocks fell in the year's lightest volume on Monday as worries about the pace of economic recovery overshadowed data showing a rise in consumer spending and income. The uncertainty weighed more on sectors associated with growth, including banks and con
Published 01 Sep, 2010 12:00am
European CDS widen

European CDS widen

European corporate credit default swap spreads were wider on Tuesday, partly in response to falls equity markets in the United States and Asia that reflect investor caution about the health of the US economy. By 0700 GMT, the investment-grade Markit iTrax
Published 01 Sep, 2010 12:00am
European CDS widen

European CDS widen

European corporate credit default swap spreads were wider on Tuesday, partly in response to falls equity markets in the United States and Asia that reflect investor caution about the health of the US economy. By 0700 GMT, the investment-grade Markit iTrax
Published 01 Sep, 2010 12:00am
Treasuries rise

Treasuries rise

US Treasury debt prices rose on Monday as the market recouped some of Friday's sharp losses, when Federal Reserve Chairman Ben Bernanke signalled the US central bank was not on the verge of a new round of bond buying. This week's housing, manufacturing an
Published 01 Sep, 2010 12:00am
Treasuries rise

Treasuries rise

US Treasury debt prices rose on Monday as the market recouped some of Friday's sharp losses, when Federal Reserve Chairman Ben Bernanke signalled the US central bank was not on the verge of a new round of bond buying. This week's housing, manufacturing an
Published 01 Sep, 2010 12:00am
Hong Kong, China stocks fall

Hong Kong, China stocks fall

Hong Kong stocks fell on Tuesday, taking their losses in August to 2.3 percent, as worries about flagging US economic growth pushed investors back to the sidelines and technical charts pointed to further weakness. The benchmark Hang Seng Index ended down
Published 01 Sep, 2010 12:00am
Nikkei slides 3.6 percent

Nikkei slides 3.6 percent

Tokyo stocks fell 3.6 percent to a 16-month closing low on Tuesday, with disheartened investors bailing out of the market after the Bank of Japan's emergency moves the day before failed to curb the yen's strength. The Nikkei booked its biggest daily perce
Published 01 Sep, 2010 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares fell on Tuesday led by banking and technology issues including Hynix, but Hyundai Department gained on the strong IPO pricing of Hyundai Homeshopping, in which it is the majority shareholder. The Korea Composite Stock Price Index (KOSPI) fini
Published 01 Sep, 2010 12:00am
UK's top shares index rises

UK's top shares index rises

Britain's top shares closed up on Tuesday, as miners gained on firmer US economic data which eased investor anxiety on the global economic recovery, while ARM Holdings jumped on renewed take-over talk. The FTSE 100 gained 23.66 points, or 0.5 percent at 5
Published 01 Sep, 2010 12:00am
Swiss franc hits record high versus euro

Swiss franc hits record high versus euro

The Swiss franc rose to a record high against the euro on Tuesday as investors worried about the global economic recovery and piled money in traditional safe haven currencies such as the franc. Analysts and traders said that rising uncertainty about the e
Published 01 Sep, 2010 12:00am
Sterling falls broadly

Sterling falls broadly

Sterling fell broadly on Tuesday, hitting a five-week low against the dollar and its weakest versus the Swiss franc since early 2009 as concerns about the global economic outlook prompted investors to dump higher-risk currencies. The pound fell despite da
Published 01 Sep, 2010 12:00am
Yen rises in Asia

Yen rises in Asia

The yen rose towards a 15-year high against the dollar on Tuesday as traders looked to test Japanese authorities' resolve on intervention after the Bank of Japan's easing steps the previous day failed to scare investors from betting on it rising further.
Published 01 Sep, 2010 12:00am
Yen nears 15-year peak in London

Yen nears 15-year peak in London

The yen came within reach of a 15-year high against the dollar on Tuesday as investors shrugged off the Bank of Japan's latest policy easing, betting instead on more yen gains that would test official readiness to intervene. With mounting US economic worr
Published 01 Sep, 2010 12:00am
Early trade: yen on track for fourth monthly gain

Early trade: yen on track for fourth monthly gain

The yen was on track for its fourth consecutive monthly advance against the dollar on Tuesday, its longest winning streak in 19 months, as investors shrugged off Japan's latest easing move. Demand for the safe-haven currency rose in the past month as US T
Published 01 Sep, 2010 12:00am
Yen gains broadly in New York

Yen gains broadly in New York

The yen rose broadly on Monday after the Bank of Japan's (BoJ) decision to expand cheap loans to banks disappointed investors who had looked for more aggressive measures to curb the yen's strength. The dollar fell below 85 yen and the euro lost more than
Published 01 Sep, 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 Tuesday. 69.58/69.60 (previous 69.58/69.59). Call Money Rates: 4.50-7.75 percent (previous 4.00-5.80 percent).
Published 01 Sep, 2010 12:00am
Indian rupee dips to over a month

Indian rupee dips to over a month

The Indian rupee fell to its lowest level in more than a month on Tuesday as losses in domestic shares and month-end dollar demand outweighed positive sentiment due to losses in the dollar versus major currencies. The partially convertible rupee closed at
Published 01 Sep, 2010 12:00am
Rupiah hits one-month low

Rupiah hits one-month low

The Indonesian rupiah hit a one-month low on Tuesday due to fears of higher domestic inflation, while won and baht also fell. Asian stocks dipped as worries about the US economy triggered a wave of profit-taking, while the Japanese yen rose towards a 15-y
Published 01 Sep, 2010 12:00am
Yuan scores biggest post-reval monthly loss

Yuan scores biggest post-reval monthly loss

The yuan closed down against the dollar on Tuesday and scored its biggest monthly loss since its landmark July 2005 revaluation as the People's Bank of China set a surprisingly low mid-point, signalling its determination to halt the yuan's appreciation af
Published 01 Sep, 2010 12:00am
Euro Libor at standstill, dollar Libor falls

Euro Libor at standstill, dollar Libor falls

The interbank cost of three-month euro funds was virtually unchanged in August, in contrast to falling dollar rates, as investors anticipate the European Central Bank will extend cheap liquidity into 2011. The three-month euro London Interbank rate was fi
Published 01 Sep, 2010 12:00am
Australian and New Zealand dollars fall

Australian and New Zealand dollars fall

The Australian and New Zealand dollars fell steadily against the yen on Tuesday as investors, undeterred by the Bank of Japan's recent policy easing, resumed bets on a rising Japanese currency. Weak Asian stocks further dented demand for the pair, oversha
Published 01 Sep, 2010 12:00am
British paper calls for Pakistan to be sent home

British paper calls for Pakistan to be sent home

The sister newspaper of the tabloid which made the betting scam allegations engulfing cricket called Tuesday for Pakistan to be sent home from England. The Sun, the daily stablemate of the weekly News of the World, also slammed the cricket authorities for
Published 01 Sep, 2010 12:00am
Robinho signs for AC Milan

Robinho signs for AC Milan

Brazilian star Robinho signed for Serie A giants AC Milan on Tuesday on a four-year contract for 15million euros from English Premier League side Manchester City where he had an unhappy two year spell. The 26-year-old was a shock signing two years ago by
Published 01 Sep, 2010 12:00am
Pietersen dropped by England, joins Surrey

Pietersen dropped by England, joins Surrey

Batsman Kevin Pietersen was dropped by England on Tuesday for the first time in his career and will move from Hampshire to Surrey on loan for the rest of the county season. The England and Wales Cricket Board (ECB) omitted the 30-year-old right-hander fro
Published 01 Sep, 2010 12:00am
ICC chief pleads for Pakistan 'perspective'

ICC chief pleads for Pakistan 'perspective'

International Cricket Council (ICC) chief executive Haroon Lorgat urged the world game not to give up on Pakistan after several of their players were embroiled in spot-fixing allegations. Britain's News of the World newspaper published the results of a 's
Published 01 Sep, 2010 12:00am
LHC summons Pakistani players

LHC summons Pakistani players

The Lahore High Court has summoned the Pakistan Cricket Board (PCB) chairman, the federal sports minister and seven cricketers on September 7 to hear a petition calling for the players to face treason charges. Lawyer Ishtiaq Ahmed filed the petition in th
Published 01 Sep, 2010 12:00am
PCB will not suspend players without proof

PCB will not suspend players without proof

Pakistan's cricket board said Tuesday it would not suspend players accused in a betting scam while the claims are investigated, as British authorities arrested three people over the scandal. The International Cricket Council (ICC) has promised "prompt and
Published 01 Sep, 2010 12:00am
Federer, Clijsters, Venus and Sania win at US Open

Federer, Clijsters, Venus and Sania win at US Open

The US Open got underway on Monday with straight-sets wins for second seeds and tournament betting favourites Roger Federer and Kim Clijsters. But there were upsets, too, as 2001 champion Lleyton Hewitt and former world number one Dinara Safina both crash
Published 01 Sep, 2010 12:00am
SPM Stags reach Lums Twenty20 final

SPM Stags reach Lums Twenty20 final

Sayid Paper Mills Stags continued their winning spree in the fifth Lahore University of Lahore Management Sciences (Lums) Twenty20 Cricket Cup, played at the varsity's ground. Sayid Paper Mills cruised into the final by overpowering Versatile Club by four
Published 01 Sep, 2010 12:00am
Younis Khan accuses British paper of defamation

Younis Khan accuses British paper of defamation

Former Pakistan cricket captain Younis Khan Tuesday served a legal notice on British newspaper The Daily Telegraph for linking him with a spot-fixing scam involving seven national team players. The Telegraph apparently linked Younis, who ended his captain
Published 01 Sep, 2010 12:00am
Players' plight blamed on Pakistani society

Players' plight blamed on Pakistani society

The latest gambling allegations to hit Pakistani cricket have left observers to ponder why the country's players are so prone to get embroiled in financial sleaze. The embattled national team is caught up in match-fixing claims after British police arrest
Published 01 Sep, 2010 12:00am
EU approves Abu Dhabi MAR, ThyssenKrupp Marine deal

EU approves Abu Dhabi MAR, ThyssenKrupp Marine deal

Abu Dhabi MAR Group and ThyssenKrupp Marine Systems won EU regulatory approval on Tuesday for a deal that combines some of their civil and naval ship-building and repair operations. Abu Dhabi MAR, which owns shipyards in Germany and the United Arab Emirat
Published 01 Sep, 2010 12:00am
US bank profits up despite rise in 'problem' lenders

US bank profits up despite rise in 'problem' lenders

The number of problem-ridden US banks rose to the highest levels in 17 years in the second quarter even as earnings in the sector as a whole showed improvement, regulators said Tuesday. The Federal Deposit Insurance Corporation said the number of institut
Published 01 Sep, 2010 12:00am
EU experts sceptical of financial transactions tax

EU experts sceptical of financial transactions tax

European Union experts reached a gloomy prognosis on Tuesday for a tax on the financial sector championed by France and Germany. In a 40-page document prepared for national officials in Brussels and seen by AFP, the European Commission examines ideas for
Published 01 Sep, 2010 12:00am
Fed mulls stimulus if outlook worsens appreciably

Fed mulls stimulus if outlook worsens appreciably

The outlook for the US economy would have to deteriorate "appreciably" to spur fresh support from the Federal Reserve, minutes of the central bank's last policy meeting released on Tuesday suggest. "The committee would need to consider steps it could take
Published 01 Sep, 2010 12:00am
US consumer confidence, home prices edge up

US consumer confidence, home prices edge up

US consumer confidence rose modestly in August and US homes prices gained more than expected in June, easing some worries the economy is headed for another downturn soon. Another report released on Tuesday showed the pace of growth in business activity in
Published 01 Sep, 2010 12:00am
Japan's factory output levels off on export slowdown

Japan's factory output levels off on export slowdown

Japanese factory output edged up in July but manufacturing activity in August expanded at its slowest pace in more than a year, suggesting that companies were starting to feel the pinch from an export slowdown and a strong yen.
Published 01 Sep, 2010 12:00am
Obama considering new ways to boost economy

Obama considering new ways to boost economy

President Barack Obama, under pressure to bolster the US economy, said on Monday he and his economic advisers are discussing additional steps to generate job growth such as more tax cuts for businesses. Obama, just back from a 10-day vacation, appeared in
Published 01 Sep, 2010 12:00am
Anglo Irish Bank posts record loss

Anglo Irish Bank posts record loss

Ireland's state-run Anglo Irish Bank reported a record first-half loss on Tuesday, hit by soaring bad debts, and revealed that the government had injected another 8.58 billion euros to prop it up. Anglo, nationalised early last year to save it from collap
Published 01 Sep, 2010 12:00am
Anglo Irish Bank posts record loss

Anglo Irish Bank posts record loss

Ireland's state-run Anglo Irish Bank reported a record first-half loss on Tuesday, hit by soaring bad debts, and revealed that the government had injected another 8.58 billion euros to prop it up. Anglo, nationalised early last year to save it from collap
Published 01 Sep, 2010 12:00am
China agrees to step up trade with Spain

China agrees to step up trade with Spain

China is willing to work with Spain to increase trade and investment between the two countries and help push the European nation towards greater growth, Prime Minister Wen Jiabao said Tuesday. Wen made the remarks to visiting Spanish Prime Minister Jose L
Published 01 Sep, 2010 12:00am
Eurozone inflation, jobless signal flat ECB rates

Eurozone inflation, jobless signal flat ECB rates

Eurozone inflation slowed in August, pointing to steady interest rates well into 2011, but unemployment remains high and uneven across the region, underlining the two-speed recovery, data showed on Tuesday. European Union statistics office Eurostat report
Published 01 Sep, 2010 12:00am
German jobless drop helps broaden recovery

German jobless drop helps broaden recovery

German unemployment fell in August to its lowest since November 2008, laying the ground for consumers to spend more and adding to evidence that the export-led economy is outstripping its eurozone peers. The Federal Labour Office said on Tuesday unemployme
Published 01 Sep, 2010 12:00am
Airbus begins building first A350 XWB jets

Airbus begins building first A350 XWB jets

European planemaker Airbus on Tuesday began building the first parts of its new A350 XWB, a wide-bodied airliner designed to compete with US rival Boeing's much anticipated B787 Dreamliner. A statement from the firm said workers have started assembling th
Published 01 Sep, 2010 12:00am
Indian economy posts best performance since 2007

Indian economy posts best performance since 2007

India's economy grew 8.8 percent in the fiscal first quarter, its best performance since 2007, data showed Tuesday as the country returned to boom levels last seen before the financial crisis. The expansion between April and June was led by a 12.4 percent
Published 01 Sep, 2010 12:00am
Zawwar takes charge as LHC judge today

Zawwar takes charge as LHC judge today

Lahore High Court (LHC) has announced that Sessions Judge Lahore, Zawwar Ahmad Sheikh will hold his office from September 1st (today). A statement issued by LHC Registrar, Abdul Sattar Asghar said the decision was taken after office bearers of LBA and maj
Published 01 Sep, 2010 12:00am
SKMCH&RC receives Rs 20.5 million Zakat

SKMCH&RC receives Rs 20.5 million Zakat

The Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC) received an amount of Rs 20.5 million Zakat from donors in a fund raising Iftar dinner. The Chairman Board of Governors of the Shaukat Khanum Memorial Cancer Hospital and Research
Published 01 Sep, 2010 12:00am
Faithful begin 'Aitkaf'

Faithful begin 'Aitkaf'

In a bid to seek mercy of Allah Almighty in the last 'Ashra' (10 days) of holy month of Ramazan, hundreds and thousands of faithful Tuesday started 'Aitkaf' (seclusion). The 'Aitkaf' exercise started with the sunset of the 20th day of Ramazan and those si
Published 01 Sep, 2010 12:00am
Government urged to start construction of Kalabagh Dam to control floods

Government urged to start construction of Kalabagh Dam to control floods

Kisan Board Pakistan (KBP) has urged the government to immediately start construction of Kalabagh Dam to control floods and its havocs in future. KBP President Sardar Zafar Hussein while talking to flood affected growers and KBP office-bearers of district
Published 01 Sep, 2010 12:00am
NIB Bank to increase capital by Rs 8.6 billion

NIB Bank to increase capital by Rs 8.6 billion

NIB Bank intends to increase its capital by an amount of approximately Rs 8.6 billion in the near future with the objective of continuing to keep the bank strong and well-capitalised. According to an information sent to Karachi Stock Exchange (KSE), the B
Published 01 Sep, 2010 12:00am
NIB Bank to increase capital by Rs 8.6 billion

NIB Bank to increase capital by Rs 8.6 billion

NIB Bank intends to increase its capital by an amount of approximately Rs 8.6 billion in the near future with the objective of continuing to keep the bank strong and well-capitalised. According to an information sent to Karachi Stock Exchange (KSE), the B
Published 01 Sep, 2010 12:00am
Gohar Ejaz inaugurates APTMA Faisalabad office

Gohar Ejaz inaugurates APTMA Faisalabad office

Chairman All Pakistan Textile Mills Association (APTMA) Punjab Gohar Ejaz inaugurated APTMA Faisalabad office with a hope that the member mills would take benefit of securing synergies of operations and economies of scale.
Published 01 Sep, 2010 12:00am
South Korea offers North aid, China wants nuclear talks

South Korea offers North aid, China wants nuclear talks

China pressed regional powers on Tuesday to restart talks on ending North Korea's nuclear ambitions, and Seoul offered aid to its destitute neighbour despite a new round of US sanctions against Pyongyang. In a move that could ease tensions on the peninsul
Published 01 Sep, 2010 12:00am
US welcomes Middle East players as direct talks to resume

US welcomes Middle East players as direct talks to resume

US Secretary of State Hillary Clinton began talks Tuesday with Palestinian leader Mahmud Abbas, the first in a flurry of contacts with key players in the runup to new direct Israeli-Palestinian talks. A cloud immediately loomed over the talks as four Isra
Published 01 Sep, 2010 12:00am
No Iraq victory lap as US combat mission ends: Obama

No Iraq victory lap as US combat mission ends: Obama

President Barack Obama declared the US combat mission in Iraq officially over on Tuesday but said he would not take a "victory lap" because a lot more work remained to be done inside the country. Obama, thanking troops in Texas before delivering an evenin
Published 01 Sep, 2010 12:00am
Eight Bangladeshi militants jailed for life

Eight Bangladeshi militants jailed for life

A Bangladeshi court on Tuesday sentenced eight Islamic militants to life in prison for their role in a series of blasts across the country five years ago, police said. The country's elite Rapid Action Battlion arrested the militants in northern Nilphamari
Published 01 Sep, 2010 12:00am
Burger chain launches more halal restaurants in France

Burger chain launches more halal restaurants in France

A popular fast-food brand said Tuesday it would extend the number of halal only restaurants in its chain in France, after a controversial pilot project in February proved a success. Some politicians reacted angrily to Quick's announcement earlier this yea
Published 01 Sep, 2010 12:00am
Secret service joins Kremlin's transparency drive

Secret service joins Kremlin's transparency drive

Russia's secretive domestic spy agency has joined a Kremlin transparency drive by disclosing the incomes of its leaders, in an apparent bid to deflect claims by activists that it employs some of Russia's biggest bribe takers. Marking the first time the po
Published 01 Sep, 2010 12:00am
Australian Prime Minister rejects new polls despite deadlock

Australian Prime Minister rejects new polls despite deadlock

Australian Prime Minister Julia Gillard Tuesday rejected a quick return to the polls and promised a "new political landscape" after inconclusive elections prompted the biggest upheaval in decades. Gillard pledged a number of parliamentary reforms if retur
Published 01 Sep, 2010 12:00am
Three Oxfam charity workers die

Three Oxfam charity workers die

British aid group Oxfam said on Tuesday it had suspended operations in a northern Afghan region after two of its workers died there. An Oxfam spokeswoman in London declined to say how they died or whether the Taliban were involved. Oxfam said two Afghan s
Published 01 Sep, 2010 12:00am
Five US soldiers killed

Five US soldiers killed

Five US soldiers were killed in Afghanistan on Tuesday, Nato said, as the number of Americans to die in the war in the past four days climbed to 22. Four soldiers were killed in eastern Afghanistan in a Taliban-style bomb attack, Nato's International Secu
Published 01 Sep, 2010 12:00am
Taliban footprint 'spreading' in Afghanistan: Petraeus

Taliban footprint 'spreading' in Afghanistan: Petraeus

The US commander of the Afghan war acknowledged Tuesday that the Taliban were expanding their footprint across the country even as international forces close in on their traditional southern strongholds. General David Petraeus said a sharp rise in attacks
Published 01 Sep, 2010 12:00am
Publishers mull last rites for printed Oxford dictionary

Publishers mull last rites for printed Oxford dictionary

The next edition of the Oxford English Dictionary, the word reference bible of the English language, may never appear in print and instead be accessible only online, its publisher said Tuesday. A team of 80 lexicographers are preparing the third edition o
Published 01 Sep, 2010 12:00am
Two men on US flight held over terror plot

Two men on US flight held over terror plot

Dutch police questioned Tuesday two US residents of Yemeni descent arrested after flying into the Netherlands from Chicago in what officials fear may have been a dry run for a terror attack. Dutch officials declined to provide information on the incident
Published 01 Sep, 2010 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures closed easier Tuesday after charging to a fresh two-year top as the market was hit by some profit-taking and investors wondered if a correction was imminent after the rally, brokers said. ICE Futures US benchmark December cotton contract ea
Published 01 Sep, 2010 12:00am
New York coffee jumps; cocoa and sugar drop

New York coffee jumps; cocoa and sugar drop

Arabica coffee futures jumped to close up 1.4 percent on Monday, on thin fund buying while producers waited for higher prices. US cocoa traded quietly to settle at the lowest level in more than a year and raw sugar finished easier.
Published 01 Sep, 2010 12:00am
Tokyo rubber futures plunge

Tokyo rubber futures plunge

Tokyo rubber futures plunged 1.9 percent on Tuesday as growing fears of a slowing pace of economic recovery lifted the yen, weighing on oil and stock prices in Asia and Europe. The benchmark rubber contract on the Tokyo Commodity Exchange for February del
Published 01 Sep, 2010 12:00am
Liffe cocoa, sugar and coffee rise

Liffe cocoa, sugar and coffee rise

Liffe December cocoa ended 23 pounds higher at 1,954 pounds a tonne on Tuesday, supported by industry buying but limited by improving crop prospects in West Africa. Dealers also noted the nearby premium had disappeared as concern about tightness in availa
Published 01 Sep, 2010 12:00am
US soyabeans lower

US soyabeans lower

US soyabean futures on the Chicago Board of Trade closed lower on Monday, pressured by softening cash markets as the US harvest approaches, traders said. Cash values seen easing in the US Midwest interior as well as the Gulf export terminal as end-users s
Published 01 Sep, 2010 12:00am
US copper near 3-1/2 month high

US copper near 3-1/2 month high

US copper finished near the 3-1/2-month high on Monday, after several central banks indicated they would continue to stimulate a stumbling economic recovery, triggering some short-cover buying, but volume was thin with London markets closed, traders said.
Published 01 Sep, 2010 12:00am
Shanghai copper falls

Shanghai copper falls

London copper futures fell 1 percent on Tuesday after a long weekend, paring Friday's 2 percent rally, and analysts said the weaker tone might prevail if this week's crop of data disappointed investors. Benchmark third-month Shanghai copper fell 1.7 perce
Published 01 Sep, 2010 12:00am
Copper trims losses

Copper trims losses

Copper trimmed earlier losses on Tuesday after US consumer confidence data showed a modest rise in August but failed to press higher on the back of persistent nervousness over the pace of global economic recovery. Benchmark copper for three-months deliver
Published 01 Sep, 2010 12:00am
US oil slumps on economy

US oil slumps on economy

US crude prices fell sharply on Tuesday, slumping a second straight day and posting the first monthly decline since May as concerns about faltering economic growth, weak demand and bulging oil inventories pressured crude and gasoline futures.
Published 01 Sep, 2010 12:00am
US gold higher

US gold higher

US gold futures ended higher on Monday as weaker equity markets on economic worries boosted the metal's appeal as an alternative investment, ahead of a closely watched nonfarm payrolls report this week. COMEX December gold futures settled up $1.30 at $1,2
Published 01 Sep, 2010 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold was steady on Tuesday as investors eyed US economic data due this week for clues to the strength of the world's largest economy while looking at equities to gauge investor risk appetite. Gold has benefited from worries about the US economy and weakne
Published 01 Sep, 2010 12:00am
Gold stays up in Europe

Gold stays up in Europe

Gold recouped losses on Tuesday and rallied for a third day, hitting two-month highs after more data suggested the US economy is running out of steam and a flurry of end-of-month buying lifted prices. Gold is on track to post its biggest monthly percentag
Published 01 Sep, 2010 12:00am
US MIDDAY: sugar, cocoa and coffee up

US MIDDAY: sugar, cocoa and coffee up

Sugar, cocoa and arabica coffee all turned higher early on Tuesday, tracking rebounds in many other commodity markets and equities, boosted by data showing US consumer confidence rose more than expected in August. Dealers said sugar was also supported by
Published 01 Sep, 2010 12:00am
US MIDDAY: soya falls, wheat up

US MIDDAY: soya falls, wheat up

Soyabean futures fell in early trading at the Chicago Board of Trade on Tuesday as cash markets weakened amid the early harvest of soyabeans in parts of the Midwest. Better-than-expected crop ratings for US soyabeans raised expectations for a large soyabe
Published 01 Sep, 2010 12:00am
US MIDDAY: gold hits two-month high

US MIDDAY: gold hits two-month high

New York gold futures rose to a two-month high above $1,250 an ounce early on Tuesday after data showed improving US consumer confidence and rising prices for US homes. US gold December futures were up $10 at $1,249.20 an ounce at 11:25 pm EDT (1525 GMT)
Published 01 Sep, 2010 12:00am
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