AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-09-29
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 67,741 tonnes of cargo including 40,847 tonnes of import cargo, 26,894 tonnes of export cargo, 3,685 loaded and empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 40,847 tonnes comprise
Published 29 Sep, 2010 12:00am
Indian UP's sugar output seen at 6.4 million tonnes

Indian UP's sugar output seen at 6.4 million tonnes

Sugar output in India's key cane producing Uttar Pradesh is seen at 6.4 million tonnes in 2010/11, the state's additional cane commissioner said, suggesting floods have not hit as hard as forecast last week. Concern over the potential damage to production
Published 29 Sep, 2010 12:00am
US Midwest corn and soyabean bids lower

US Midwest corn and soyabean bids lower

Spot basis bids for corn and soyabean were mostly steady to lower around the US Midwest on Monday amid scattered farmer sales of both crops and the fastest corn harvest in at least 28 years. Farmers continue to sell small portions of both crops as they ar
Published 29 Sep, 2010 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

The average price of Bangladeshi teas rose 1.12 percent to 197.53 taka ($2.82) per kg at the weekly auction on Tuesday, brokers said. Nearly 1.8 million kg were sold at the sale, leaving only 1.48 percent of the offer to be carried back. Bangladeshi buyer
Published 29 Sep, 2010 12:00am
Prices move both ways on grain market

Prices move both ways on grain market

A few changes were seen on the wholesale grain and oilseeds markets on Tuesday in process of trading, dealers said. On the cereals side, Makai quoted at Rs 2688-2700, other items maintained overnight levels due to balanced demand and supply from upcountry
Published 29 Sep, 2010 12:00am
Rains, snow to hit China's corn area; harvest half finished

Rains, snow to hit China's corn area; harvest half finished

Most of China's north-eastern provinces, which produce about one-third of the country's corn output, are expecting snow and rain in coming days, as the harvest hits the half-way mark. Frosts are also forecast in much of the north-eastern and northern-most
Published 29 Sep, 2010 12:00am
Global vegetable oil markets mostly fall

Global vegetable oil markets mostly fall

Global vegetable oil markets mostly fell on Tuesday as investors took profits after multi-month highs the previous day, although expectations of strong holiday demand from China continued to offer support. Concerns that erratic weather will curb productio
Published 29 Sep, 2010 12:00am
Wheat and corn prices fall; soya retreats from 13-month high

Wheat and corn prices fall; soya retreats from 13-month high

Wheat prices fell on major international markets on Tuesday with futures in Paris hitting a one-month low in technical selling, while corn came under pressure amid harvesting of a record large US crop. US soya futures retreated from Monday's 13-month high
Published 29 Sep, 2010 12:00am
Upward trend persists on cotton market; spot rate raised Rs 7,250

Upward trend persists on cotton market; spot rate raised Rs 7,250

Persisting demand pushed the prices further higher on the cotton market on Tuesday, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised further by Rs 100 to Rs 7250, they said. In the ready business nearly 20,000 bales of cott
Published 29 Sep, 2010 12:00am
Ghana raises cocoa producer price

Ghana raises cocoa producer price

Ghana's cocoa regulator has set its official cocoa producer price at 3,200 cedis ($2,238) per tonne for the 2010/11 season, a third up on the 2009/10 level, Finance Minister Kwabena Duffuor confirmed on Tuesday. The move was intended to discourage smuggli
Published 29 Sep, 2010 12:00am
China checks banks' compliance with property curbs

China checks banks' compliance with property curbs

Chinese regulators are making spot checks on whether banks are strictly complying with government curbs on mortgages for non-owner-occupied homes, state media reported on Tuesday. The inspections, by the China Banking Regulatory Commission and the housing
Published 29 Sep, 2010 12:00am
Consumer lender Takefuji fails owing $5.1 billion

Consumer lender Takefuji fails owing $5.1 billion

Takefuji Corp said it filed for bankruptcy on Tuesday owing $5.1 billion, making it the biggest Japanese consumer lender to fail since a court ruling in 2006 forced the industry to repay borrowers for excessive interest charges. The lender's president, Ak
Published 29 Sep, 2010 12:00am
French court charges Ryanair over employment law

French court charges Ryanair over employment law

French prosecutors have charged Ryanair with illegal working practices after the Irish budget airline declared 120 employees in France as working in Ireland, a justice source said Tuesday. The charges, brought on Monday, relate to several labour laws incl
Published 29 Sep, 2010 12:00am
Energy policy a top priority next year: Obama

Energy policy a top priority next year: Obama

President Barack Obama said revamping US energy policy would be a top priority next year and may have to be done "in chunks" rather than through one piece of legislation, according to Rolling Stone magazine. In an interview published on Tuesday, Obama lam
Published 29 Sep, 2010 12:00am
Merkel rejects extending euro rescue package

Merkel rejects extending euro rescue package

Chancellor Angela Merkel said on Tuesday that Germany would not back an extension of the European Union's multi-billion-euro bailout fund for debt-laden countries beyond 2013. "Germany will not consent simply to extending the funds, as we have them now,"
Published 29 Sep, 2010 12:00am
Credit quality improves in 2010

Credit quality improves in 2010

The Federal Reserve and other regulators said on Tuesday the credit quality of large loans that US and foreign banks and nonbanks were committed to make in 2010 was still weak but not as bad as in 2009. The Fed and three other regulators reached that conc
Published 29 Sep, 2010 12:00am
Fed weighing smaller-scale bond buying scheme

Fed weighing smaller-scale bond buying scheme

US Federal Reserve officials are weighing a more open-ended, smaller-scale bond buying programme compared with 2009, when they announced massive bond purchases with a finite end, the Wall Street Journal reported. The Fed hasn't yet decided to step up its
Published 29 Sep, 2010 12:00am
Fed weighing smaller-scale bond buying scheme

Fed weighing smaller-scale bond buying scheme

US Federal Reserve officials are weighing a more open-ended, smaller-scale bond buying programme compared with 2009, when they announced massive bond purchases with a finite end, the Wall Street Journal reported. The Fed hasn't yet decided to step up its
Published 29 Sep, 2010 12:00am
US confidence slips to lowest since February

US confidence slips to lowest since February

US consumer confidence fell to its lowest level in seven months in September, underscoring lingering worries about the strength of the economic recovery. But in a sign of stabilisation in the housing market, US home prices hovered above multi-year lows wi
Published 29 Sep, 2010 12:00am
RBS cut another 500 jobs

RBS cut another 500 jobs

Britain's state-rescued Royal Bank of Scotland has cut another 500 jobs, mostly at its investment banking division, it announced in a statement. "In response to changing market conditions, we have made efficiencies across our business to ensure that we ha
Published 29 Sep, 2010 12:00am
RBS cut another 500 jobs

RBS cut another 500 jobs

Britain's state-rescued Royal Bank of Scotland has cut another 500 jobs, mostly at its investment banking division, it announced in a statement. "In response to changing market conditions, we have made efficiencies across our business to ensure that we ha
Published 29 Sep, 2010 12:00am
UK growth unrevised at nine-year high

UK growth unrevised at nine-year high

Britain's economy expanded at its fastest pace in nine years in the second quarter of 2010 and growth at the start of the year was slightly stronger than previously thought, but analysts predict a tough road ahead. The robust expansion in the three months
Published 29 Sep, 2010 12:00am
Chinese executive gets 20 years for leaking secrets

Chinese executive gets 20 years for leaking secrets

The disgraced president of a Chinese state-owned enterprise has been jailed for 20 years for leaking state secrets in connection with a bid for foreign-made nuclear reactors, two sources with knowledge of the matter said. The harsh sentence for Jiang Xins
Published 29 Sep, 2010 12:00am
Core eurozone consumers buoy economic outlook

Core eurozone consumers buoy economic outlook

Consumer sentiment in Germany and Italy brightened and French consumer spending rose during the summer, data showed on Tuesday, suggesting the recovery in core eurozone states may hold up better than expected in the second half. Morale among shoppers in E
Published 29 Sep, 2010 12:00am
Michelin launches $1.6 billion rights issue

Michelin launches $1.6 billion rights issue

French tyremaker Michelin unveiled a deeply discounted 1.2 billion euros ($1.6 billion) rights issue to fund growth in booming emerging markets and set new long-term sales and profit goals. Michelin said on Tuesday it was now targeting operating profit be
Published 29 Sep, 2010 12:00am
Michelin launches $1.6 billion rights issue

Michelin launches $1.6 billion rights issue

French tyremaker Michelin unveiled a deeply discounted 1.2 billion euros ($1.6 billion) rights issue to fund growth in booming emerging markets and set new long-term sales and profit goals. Michelin said on Tuesday it was now targeting operating profit be
Published 29 Sep, 2010 12:00am
Iran exports first shipment of petrol

Iran exports first shipment of petrol

A top Iranian oil official said on Tuesday the fuel-hungry nation has exported its first shipment of domestically made petrol, three weeks after declaring it could now make enough to satisfy local needs. "The first shipment of Iranian petrol has been expo
Published 29 Sep, 2010 12:00am
China to vault into top three at IMF under proposal

China to vault into top three at IMF under proposal

China is set to leap-frog industrial powers Germany, France and Britain to become the IMF's second or third most-powerful member under plans being discussed to give emerging nations greater influence. The shake-up under discussion by IMF member countries
Published 29 Sep, 2010 12:00am
Sri Lanka, KEPCO bonds up on debut

Sri Lanka, KEPCO bonds up on debut

Bonds from Sri Lanka and Korea Electric Power Corp (KEPCO) rose on their Asian debut on Tuesday, underpinned by strong demand from investors, while the broad market was steady, tracking equities. The Asia ex-Japan iTraxx investment-grade index was little
Published 29 Sep, 2010 12:00am
Sri Lanka, KEPCO bonds up on debut

Sri Lanka, KEPCO bonds up on debut

Bonds from Sri Lanka and Korea Electric Power Corp (KEPCO) rose on their Asian debut on Tuesday, underpinned by strong demand from investors, while the broad market was steady, tracking equities. The Asia ex-Japan iTraxx investment-grade index was little
Published 29 Sep, 2010 12:00am
European CDS off early wides

European CDS off early wides

European corporate credit default swap spreads were wider late on Tuesday, but had edged away from wider levels seen earlier in the session. By 1546 GMT, the investment-grade Markit iTraxx Europe index was at 114.50 basis points, according to data from Ma
Published 29 Sep, 2010 12:00am
European CDS off early wides

European CDS off early wides

European corporate credit default swap spreads were wider late on Tuesday, but had edged away from wider levels seen earlier in the session. By 1546 GMT, the investment-grade Markit iTraxx Europe index was at 114.50 basis points, according to data from Ma
Published 29 Sep, 2010 12:00am
South East Asian markets: Jakarta hits record high, others lacklustre

South East Asian markets: Jakarta hits record high, others lacklustre

Indonesian shares posted small gains and set a new all-time high on Tuesday, helped by more foreign buying, but other markets in the region were flat to lower because of continuing worries about the global economy. Indonesia's main share index ended up 0.
Published 29 Sep, 2010 12:00am
Tuesday's midday trade: markets tick higher

Tuesday's midday trade: markets tick higher

US stocks edged higher on Tuesday after weak consumer confidence figures, with investors saying the data bolsters expectations the Fed will pump more money into the economy, which would support equities. The S&P 500 has risen 9 percent so far in September
Published 29 Sep, 2010 12:00am
Wall Street slips

Wall Street slips

US stocks slipped on Monday as investors took a break from a four-week rally, but they remained optimistic the advance would resume as a flurry of deals suggested companies were seeing value in the market. Defying September's track record as the worst mon
Published 29 Sep, 2010 12:00am
Indian shares fall

Indian shares fall

Weak global markets and investor profit booking, after the benchmark index surged 11.9 percent this month on robust foreign fund inflows, dragged Indian shares down 0.06 percent on Tuesday snapping a two-session rally. Brisk profit sales were seen in meta
Published 29 Sep, 2010 12:00am
Treasuries rally

Treasuries rally

US Treasuries rallied on Monday as anxiety over Ireland's finances fuelled a safe-haven bid and partly helped demand for $36 billion worth of new two-year government debt. The market rally was led by long-dated maturities, as traders piled on bets the Fed
Published 29 Sep, 2010 12:00am
Treasuries rally

Treasuries rally

US Treasuries rallied on Monday as anxiety over Ireland's finances fuelled a safe-haven bid and partly helped demand for $36 billion worth of new two-year government debt. The market rally was led by long-dated maturities, as traders piled on bets the Fed
Published 29 Sep, 2010 12:00am
Nikkei average falls

Nikkei average falls

Japan's Nikkei average fell 1.1 percent on Tuesday, dropping as the deadline passed for investors to receive dividends on Tokyo stocks for the financial first half-year and as the yen held near its highest in almost two weeks. But the market gained suppor
Published 29 Sep, 2010 12:00am
Hong Kong, Shanghai stocks slip

Hong Kong, Shanghai stocks slip

Hong Kong and Shanghai stocks fell on Tuesday as a mild selloff in large caps drove the Hang Seng down and weakness in financials and poor debut of Ningbo Port weakened China's key stock index. The benchmark Hang Seng, which is poised to post its best mon
Published 29 Sep, 2010 12:00am
Seoul shares slide

Seoul shares slide

Seoul shares slipped on Tuesday as autos and techs gave up recent gains, but losses were tempered by rises in tour issues and crude oil refiners that outperformed on the won's recent strength. The Korea Composite Stock Price Index (KOSPI) ended down 0.26
Published 29 Sep, 2010 12:00am
UK's top shares index rises

UK's top shares index rises

Britain's top share index closed slightly higher on Tuesday as stronger mining stocks offset falls from banks still dogged by investor concerns over sovereign debt. The FTSE 100 closed 5.02 points, or 0.1 percent, higher at 5,578.44 in skittish trading, w
Published 29 Sep, 2010 12:00am
Yuan slightly up

Yuan slightly up

The yuan ended up slightly versus the dollar on Tuesday after China's central bank set a slightly stronger mid-point as the dollar hovered near eight-month lows against a basket of currencies. Before trading started on Tuesday, the People's Bank of China
Published 29 Sep, 2010 12:00am
Sterling falls

Sterling falls

Sterling fell on Tuesday after hitting a seven-week high against the dollar as dovish remarks by Bank of England policymaker Adam Posen wiped out gains made after firmer UK retail sales and current account data. Posen said the central bank should start pu
Published 29 Sep, 2010 12:00am
Dollar gets reprieve in Asia

Dollar gets reprieve in Asia

The struggling dollar got a reprieve on Tuesday, helped by a report that the Federal Reserve was weighing a more open-ended, smaller-scale bond buying programme compared with 2009. Soft US stocks encouraged profit-taking in riskier currencies, while a rep
Published 29 Sep, 2010 12:00am
Dollar slips in London

Dollar slips in London

The struggling dollar slipped on Tuesday after a brief rally ran out of steam, while the euro recovered after a senior official said some European Central Bank emergency support may be withdrawn. Traders also ascribed the dollar's drop to reported comment
Published 29 Sep, 2010 12:00am
Early trade: dollar slumps

Early trade: dollar slumps

The dollar slumped on Tuesday with prospects growing for additional monetary policy easing as US economic data, including consumer confidence, remained weak. The euro surged to a fresh, five-month high against the greenback, smashing a key resistance leve
Published 29 Sep, 2010 12:00am
Euro drops in New York trade

Euro drops in New York trade

The euro fell from a five-month high against the US dollar on Monday as worries about fiscal debt problems in eurozone countries such as Ireland weighed on the currency. Monday's downgrade of Anglo Irish Bank's lower-grade debt pushed the euro to session
Published 29 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. 69.9350/70.1000 (previous 69.83/69.90). Call Money Rates: 3.60-5.00 percent (previous 3.50-5.50 percent).
Published 29 Sep, 2010 12:00am
Swiss franc up versus euro and dollar

Swiss franc up versus euro and dollar

The Swiss franc gained against the euro and the dollar on Tuesday, as subdued equity markets and renewed concerns about debts in Ireland and Portugal piqued interest in the traditionally safe haven franc. The franc has appreciated more than 10 percent aga
Published 29 Sep, 2010 12:00am
Indian rupee retreats

Indian rupee retreats

The Indian rupee retreated from four-and-half-month highs on Tuesday, weighed by the dollar's gains versus majors and weak domestic equities, but traders expect the local unit to resume rally on robust capital inflows. The partially convertible rupee clos
Published 29 Sep, 2010 12:00am
Most Asian currencies hold ground

Most Asian currencies hold ground

Most Asian currencies held their ground on Tuesday in reaction to a report that the Federal Reserve was considering a smaller bond buying scheme than its previous asset purchase plan. Weaker US and Asian shares, as well as a broadly firm dollar caused inv
Published 29 Sep, 2010 12:00am
Euribor futures dip after ECB's Stark comments

Euribor futures dip after ECB's Stark comments

Investors' expectations of 2011 Euribor rates rose on Tuesday after the European Central Bank's Juergen Stark said some non-standard policy measures expiring in December would not be renewed. The most actively traded March Euribor futures contract fell as
Published 29 Sep, 2010 12:00am
Evans to defend world title on tricky home soil

Evans to defend world title on tricky home soil

Australia's Cadel Evans can count on strong support from the crowd when he defends his road world title on home soil this weekend but he faces an uphill battle on a course which does not suit him. The 33-year-old twice Tour de France runner-up won last ye
Published 29 Sep, 2010 12:00am
Premier Football League: Navy beat Army, Afghan Club win

Premier Football League: Navy beat Army, Afghan Club win

Three more matches were decided in Pakistan Premier Football League on Tuesday. In the first match, Pakistan Army failed to complete double over Pakistan Navy and suffered 0-1 defeat, while card-less match saw Nushki Baloch Football Club hold NBP. In anot
Published 29 Sep, 2010 12:00am
Malik wants to lift Pakistan in India

Malik wants to lift Pakistan in India

Weightlifter Shujauddin Malik promised Tuesday to give Pakistan a lift on and off the Commonwealth Games arena, pledging to win a medal for his troubled country. Malik is Pakistan's best - perhaps lone - gold medal hope in the October 3-14 Games due to ta
Published 29 Sep, 2010 12:00am
Match-fixing saga: PCB chairman leaves for England

Match-fixing saga: PCB chairman leaves for England

Pakistan Cricket Board (PCB) Chairman Ijaz Butt, accompanied by legal adviser Taffazul Rizvi, on Tuesday left for England to hold consultation with the legal team of UK to tackle the issue arising out of serving of notice to PCB by England and Wales Crick
Published 29 Sep, 2010 12:00am
Baghdatis advances at Malaysian Open

Baghdatis advances at Malaysian Open

Former Australian Open finalist Marcos Baghdatis made a convincing 6-1, 6-1 start at the Malaysian Open on Tuesday, with the Cypriot sixth seed running down Japan's Kei Nishikori. "It was a great match, I played some played good tennis," said Baghdatis, w
Published 29 Sep, 2010 12:00am
Zeehsan Ashraf fit to lead Pakistan in Commonwealth Games

Zeehsan Ashraf fit to lead Pakistan in Commonwealth Games

Fullback Zeeshan Ashraf was Tuesday declared fit to lead Pakistan's hockey team at the Commonwealth Games, with chief selector Hanif Khan confident the demons of New Delhi will not haunt the squad. The Pakistan team recorded its worst finish in the World
Published 29 Sep, 2010 12:00am
'Miracle woman' Date marks 40th with Tokyo win

'Miracle woman' Date marks 40th with Tokyo win

Japan's Kimiko Date Krumm celebrated her 40th birthday by beating Daniela Hantuchova to reach the Pan Pacific Open third round on Tuesday. The former world number four won 2-6 6-0 4-0 after her Slovakian opponent retired with a shoulder injury.
Published 29 Sep, 2010 12:00am
Australia gear up for India challenge

Australia gear up for India challenge

Australia vice-captain Michael Clarke is hopeful his team will be able to counter India's bowling attack in home conditions in a two-Test series starting on Friday. The hosts' attack has been strengthened with the return of left-arm paceman Zaheer Khan, w
Published 29 Sep, 2010 12:00am
England poised to pull out of 2022 World Cup race

England poised to pull out of 2022 World Cup race

England will withdraw its candidature to host the 2022 World Cup if, as expected, the United States withdraws its bid for the 2018 event, David Dein, the international president of England's bid, said on Tuesday. Such a move would formalise the continenta
Published 29 Sep, 2010 12:00am
Games athletes arrive; new security threat looms

Games athletes arrive; new security threat looms

Hundreds of athletes arrived in New Delhi for the Commonwealth Games on Tuesday as India scrambled to ensure a court ruling due this week over ownership of a disputed religious site did not spark Hindu-Muslim violence. The Interior Ministry issued a secur
Published 29 Sep, 2010 12:00am
North Korea opens key party meeting after promoting Kim's son

North Korea opens key party meeting after promoting Kim's son

North Korea launched its biggest political meeting for 30 years on Tuesday after promoting the youngest son of ailing leader Kim Jong-Il in apparent preparation for another dynastic succession. Kim appointed Jong-Un as a four-star general, official media
Published 29 Sep, 2010 12:00am
Nigerian gunmen kidnap 15 children

Nigerian gunmen kidnap 15 children

Gunman have hijacked a school bus in Nigeria's Abia state, on the fringes of the oil-producing Niger Delta, and kidnapped 15 youngsters, police said on Tuesday. Local media reported a ransom demand of 20 million naira ($150,000), and the children's wherea
Published 29 Sep, 2010 12:00am
Divided Palestinians mark 10th anniversary of intifada

Divided Palestinians mark 10th anniversary of intifada

Palestinian leaders from Hamas and Fatah paid tribute to the Al-Aqsa intifada on Tuesday as they marked the 10th anniversary of the devastating Palestinian uprising. "The intifada restored the dignity of the Palestinian people and brought them closer to v
Published 29 Sep, 2010 12:00am
US soldiers refuse to testify in Afghan murder case

US soldiers refuse to testify in Afghan murder case

A US soldier charged with murdering civilians and other crimes in Afghanistan appeared in court on Monday, as 11 other soldiers invoked their constitutional right not to testify in the case. Nine of the soldiers who declined to take the witness stand are
Published 29 Sep, 2010 12:00am
ICC can examine aid flotilla case: UN expert

ICC can examine aid flotilla case: UN expert

The International Criminal Court could examine Israel's deadly storming of a Gaza-bound aid flotilla in May, a member of a UN Human Rights Council's probe into the incident said Tuesday. Desmond de Silva, a member of the inquiry, noted that the ship Mavi
Published 29 Sep, 2010 12:00am
Middle East peace talks must go on, says Netanyahu

Middle East peace talks must go on, says Netanyahu

Israeli Prime Minister Benjamin Netanyahu on Tuesday agreed to meet Palestinian President Mahmoud Abbas at a summit in Paris next month, a joint effort to overcome the threat of their peace talks collapsing. A statement from Netanyahu's office said the pr
Published 29 Sep, 2010 12:00am
Moldova parliament dissolved, poll on November 28

Moldova parliament dissolved, poll on November 28

Moldova's acting president on Tuesday called a snap general election for November 28, setting the scene for a fractious campaign between pro-Western rulers and opposition communists in one of Europe's poorest states. Mihai Ghimpu, acting head of state and
Published 29 Sep, 2010 12:00am
Democrats must shake off lethargy: Obama

Democrats must shake off lethargy: Obama

US President Barack Obama is sharply warning his core supporters to "buck up" and shake off their "lethargy" as Democrats stare at a looming hammering in legislative elections. In an interview with Rolling Stone magazine released on Tuesday while Obama wa
Published 29 Sep, 2010 12:00am
Australia's first Muslim MP sworn in on Holy Quran

Australia's first Muslim MP sworn in on Holy Quran

The first Muslim elected to Australia's parliament was sworn in on Tuesday with his hand on his parents' Holy Quran. Ed Husic, whose mother and father are Bosnian migrants, said it was an enormous privilege to serve in Canberra as he conceded that his uni
Published 29 Sep, 2010 12:00am
Ties with China at 'highest point': Medvedev

Ties with China at 'highest point': Medvedev

Russian President Dmitry Medvedev said Tuesday that Sino-Russian ties had reached their "highest point" as he wrapped up a state visit to China with a tour of the World Expo in Shanghai. Medvedev arrived in China's financial hub from Beijing, where he met
Published 29 Sep, 2010 12:00am
Egyptian mogul gets jail for pop star murder

Egyptian mogul gets jail for pop star murder

Egyptian property mogul Hisham Talaat Moustafa was jailed Tuesday for 15 years for the murder of a Lebanese pop star and ex-lover, 16 months after he was sentenced to death for the slaying. "Hisham Talaat Moustafa was sentenced to 15 years in jail and (hi
Published 29 Sep, 2010 12:00am
New UK Labour leader says growth focus is key

New UK Labour leader says growth focus is key

Britain's new opposition leader said on Tuesday economic policy should focus on growth, not just cutting the budget deficit, and he would not support irresponsible strikes against planned spending cuts. Labour Party leader Ed Miliband, 40, set out in his
Published 29 Sep, 2010 12:00am
World failing to meet 2010 HIV/AIDS care target: UN

World failing to meet 2010 HIV/AIDS care target: UN

UN agencies warned on Friday that the world will fail to meet an end-2010 deadline for "universal" access to HIV/AIDS care and treatment, while new crisis-driven funding cuts could unravel any gains.
Published 29 Sep, 2010 12:00am
China celebrates Confucius birth for first time in decades

China celebrates Confucius birth for first time in decades

Beijing on Tuesday celebrated the anniversary of the birth of ancient philosopher Confucius for the first time since the founding of communist China, in a ceremony that included delegates from Taiwan. The event took place at the Confucius temple in the ci
Published 29 Sep, 2010 12:00am
1,000 feared dead as landslide buries homes in Mexico

1,000 feared dead as landslide buries homes in Mexico

Up to 1,000 people were feared dead after a waterlogged hillside collapsed before dawn Tuesday in southern Mexico, burying up to 300 homes as residents slept inside, local officials said. A strip of hillside about 200 meters (660 feet) wide collapsed abov
Published 29 Sep, 2010 12:00am
New York cotton stays at 15-year high

New York cotton stays at 15-year high

Cotton futures finished Tuesday at a 15-year peak for the second day in a row on a steady influx of investment fund and mill buying which kept the market poised to challenge all-time highs. For the sixth time in seven sessions, the market traded over $1 a
Published 29 Sep, 2010 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Tokyo rubber futures fell 0.8 percent on Tuesday after hitting a five-month high the previous day as investors moved to take profits following declines in the prices of Japanese equities, oil and other commodities. The key Tokyo Commodity Exchange rubber
Published 29 Sep, 2010 12:00am
Global vegetable oil markets up

Global vegetable oil markets up

Global vegetable oil markets edged higher on Tuesday as investors bet on strong holiday demand from China and India. Concerns that erratic weather will curb production of soybeans in South America and China as well as Canadian canola are also underpinning
Published 29 Sep, 2010 12:00am
New York sugar soars

New York sugar soars

Raw sugar futures soared to close at a seven-month high for the second straight day on Monday, supported by worries over the impact of adverse weather on output in leading producers Brazil and India, and strong physical demand. Coffee and cocoa also climb
Published 29 Sep, 2010 12:00am
US soyabeans extend gains

US soyabeans extend gains

Soyabean futures on the Chicago Board of Trade extended their run of one-year highs on Monday, but pared gains to close only modestly firm as US harvest weather forecasts improved, traders said. CBOT November soybeans ended up 2-1/2 cents at $11.28-1/2 pe
Published 29 Sep, 2010 12:00am
Liffe sugar rises

Liffe sugar rises

Liffe December white sugar rises $0.90 to end at $645.00 per tonne on Tuesday. Market underpinned by adverse weather in key producers such as Brazil, Central America, India and Australia. Liffe December cocoa ended 7 pounds lower at 1,893 pounds a tonne.
Published 29 Sep, 2010 12:00am
US copper lower

US copper lower

US copper futures ended lower Monday as prices paused after hitting five-month highs, but upside momentum should reassert itself in the days ahead due to a tightening market balance, analysts said. Copper for December delivery dipped 2.10 cents to end at
Published 29 Sep, 2010 12:00am
Shanghai aluminium jumps

Shanghai aluminium jumps

Copper prices declined slightly on Tuesday in Shanghai and London, weighed down by a modest rebound in the dollar and lukewarm interest ahead of a week-long holiday in China, but demand prospects are seen to lend support. Benchmark third-month copper futu
Published 29 Sep, 2010 12:00am
Copper rises

Copper rises

Copper rose on Tuesday as the dollar fell after data from the world's largest economy, the United States, showed consumer confidence in September fell to its lowest level since February. Benchmark copper on the London Metal Exchange was untraded at the cl
Published 29 Sep, 2010 12:00am
US oil declines

US oil declines

US oil prices slipped on Tuesday in choppy trading as an anticipated fuel stocks rise and weak demand data countered a lift from the dollar's slump after a consumer confidence drop fed expectations the Federal Reserve will print money to buy assets.
Published 29 Sep, 2010 12:00am
US gold barely up

US gold barely up

US gold futures finished Monday barely higher, after nearing its record high in early trade, but volumes were light and some investors were beginning to take profits after the psychologically potent $1,300 per ounce target was breached, analysts said.
Published 29 Sep, 2010 12:00am
Gold and silver slip in Asia

Gold and silver slip in Asia

Gold slipped on Tuesday after hitting a lifetime high at $1,300 an ounce in the previous session as a rebound in the US dollar prompted speculators to lock-in gains. Spot gold fell $3.65 an ounce to $1,292.40 an ounce by 0443 GMT, having struck a record o
Published 29 Sep, 2010 12:00am
Gold hits highest ever level in Europe

Gold hits highest ever level in Europe

Gold hit a new record high on Tuesday as a weaker than forecast US consumer confidence reading boosted the metal's safe haven appeal and sent the dollar to fresh five-month lows versus the euro. Silver edged back near a 30-year high, while platinum and pa
Published 29 Sep, 2010 12:00am
US MIDDAY: sugar climbs

US MIDDAY: sugar climbs

Raw sugar futures touched a fresh seven-month high early on Tuesday, supported by tight supplies in Latin America, while arabica coffee futures inched up and cocoa eased. ICE October raw sugar futures traded up 0.02 cent or 0.08 percent at 26.11 cents a l
Published 29 Sep, 2010 12:00am
US MIDDAY: wheat, corn and soya fall

US MIDDAY: wheat, corn and soya fall

Wheat futures fell to a three-week low at the Chicago Board of Trade early on Tuesday due to long liquidation and outlook for much-need rainfall in dry aareas of Russia, traders said Corn and soyabeans also were weak amid seasonal harvest pressure but the
Published 29 Sep, 2010 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures erased earlier losses to end up near a 5-1/2 month peak on Tuesday, as the dollar slumped and prospects for additional monetary easing grew in response to weak consumer confidence data. Copper for December delivery rose 4.00 cents, or 1.
Published 29 Sep, 2010 12:00am
US MIDDAY: gold sets new high

US MIDDAY: gold sets new high

US gold futures settled on Tuesday near its new all time high above $1,311 an ounce driven up as three reports argued for further quantitative easing by central banks that drove the euro up against the dollar and set off stop-loss buy orders in both marke
Published 29 Sep, 2010 12:00am
Courses on environment management launched

Courses on environment management launched

SMA Rizvi Textile Institute of Pakistan and Training and Development Centres of the Bavarian Employees' Associations jointly launched courses on environment management on Tuesday. Speaking at launching ceremony of the courses, Consul General of Germany, D
Published 29 Sep, 2010 12:00am
Islamic banking: Standard Chartered launches awareness drive

Islamic banking: Standard Chartered launches awareness drive

Standard Chartered has launched an Islamic banking awareness campaign under its global Islamic brand 'Saadiq'. Saadiq, which means 'truthful', is Standard Chartered's identity for our global Islamic banking business. Under the brand, the bank continues to
Published 29 Sep, 2010 12:00am
Previous Day