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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-10-04
Index unaffected by SBP rate raise

Index unaffected by SBP rate raise

Despite increase in interest rate by SBP and uncertainty on political front during the week ended on October 2, 2010, the KSE-100 index rose by 132.99 points, closing at 10,042.44 points, mainly due to foreign investors'' support, who remained net buyers
Published 04 Oct, 2010 12:00am
Futures open interest decline by 11.7 percent

Futures open interest decline by 11.7 percent

Total open interest position at the futures counter declined by 11.7 percent during the week ended on October 1, 2010. The future spreads, however, increased significantly by 5.16 percent to 7.69 percent. The average daily volume at the futures counter st
Published 04 Oct, 2010 12:00am
Futures open interest decline by 11.7 percent

Futures open interest decline by 11.7 percent

Total open interest position at the futures counter declined by 11.7 percent during the week ended on October 1, 2010. The future spreads, however, increased significantly by 5.16 percent to 7.69 percent. The average daily volume at the futures counter st
Published 04 Oct, 2010 12:00am
Futures open interest decline by 11.7 percent

Futures open interest decline by 11.7 percent

Total open interest position at the futures counter declined by 11.7 percent during the week ended on October 1, 2010. The future spreads, however, increased significantly by 5.16 percent to 7.69 percent. The average daily volume at the futures counter st
Published 04 Oct, 2010 12:00am
Futures open interest decline by 11.7 percent

Futures open interest decline by 11.7 percent

Total open interest position at the futures counter declined by 11.7 percent during the week ended on October 1, 2010. The future spreads, however, increased significantly by 5.16 percent to 7.69 percent. The average daily volume at the futures counter st
Published 04 Oct, 2010 12:00am
KRL thrash Navy with 2-0 in PPFL

KRL thrash Navy with 2-0 in PPFL

Title-holders Khan Research Laboratories struck twice within nine minutes to inflict 2-0 win over Pakistan Navy in the 46th match of Pakistan Premier Football League. KRL started the game well, availing the opportunity to goal in the fifth minute when Mud
Published 04 Oct, 2010 12:00am
US, UK raise terrorism threat level in Europe

US, UK raise terrorism threat level in Europe

The United States and Britain warned their citizens on Sunday of an increased risk of terrorist attacks in Europe, with Washington saying al Qaeda might target transport infrastructure. The US State Department issued a warning directed at American citizen
Published 04 Oct, 2010 12:00am
US, UK raise terrorism threat level in Europe

US, UK raise terrorism threat level in Europe

The United States and Britain warned their citizens on Sunday of an increased risk of terrorist attacks in Europe, with Washington saying al Qaeda might target transport infrastructure. The US State Department issued a warning directed at American citizen
Published 04 Oct, 2010 12:00am
DNA of agriculture sector shows Rs 300 billion loss: Gondal

DNA of agriculture sector shows Rs 300 billion loss: Gondal

Minister for Food and Agriculture Nazar Muham-mad Gondal in an exclusive interview to Business Recorder's panel comprising Wasim Iqbal, Sohail Sarfraz, Mushtaq Ghumman and Abdul Rasheed Azad speaks a variety of issues. According to him, a preliminary Dama
Published 04 Oct, 2010 12:00am
DNA of agriculture sector shows Rs 300 billion loss: Gondal

DNA of agriculture sector shows Rs 300 billion loss: Gondal

Minister for Food and Agriculture Nazar Muham-mad Gondal in an exclusive interview to Business Recorder's panel comprising Wasim Iqbal, Sohail Sarfraz, Mushtaq Ghumman and Abdul Rasheed Azad speaks a variety of issues. According to him, a preliminary Dama
Published 04 Oct, 2010 12:00am
DNA of agriculture sector shows Rs 300 billion loss: Gondal

DNA of agriculture sector shows Rs 300 billion loss: Gondal

Minister for Food and Agriculture Nazar Muham-mad Gondal in an exclusive interview to Business Recorder''s panel comprising Wasim Iqbal, Sohail Sarfraz, Mushtaq Ghumman and Abdul Rasheed Azad speaks a variety of issues. According to him, a preliminary Dam
Published 04 Oct, 2010 12:00am
MONEY WEEK: putting the house together

MONEY WEEK: putting the house together

In the State Bank's latest monetary policy statement, the bank's newest governor, Shahid Kardar, and senior monetary policy committee (MPC) members set a hawkish tone to push their fiscal counterparts for necessary reforms. Yet, it is feared that the requ
Published 04 Oct, 2010 12:00am
MONEY WEEK: putting the house together

MONEY WEEK: putting the house together

In the State Bank's latest monetary policy statement, the bank's newest governor, Shahid Kardar, and senior monetary policy committee (MPC) members set a hawkish tone to push their fiscal counterparts for necessary reforms. Yet, it is feared that the requ
Published 04 Oct, 2010 12:00am
MONEY WEEK: putting the house together

MONEY WEEK: putting the house together

In the State Bank''s latest monetary policy statement, the bank''s newest governor, Shahid Kardar, and senior monetary policy committee (MPC) members set a hawkish tone to push their fiscal counterparts for necessary reforms. Yet, it is feared that the re
Published 04 Oct, 2010 12:00am
State institutions urged to work within constitutional parameters

State institutions urged to work within constitutional parameters

Participants of a seminar organised by South Asia Free Media Association (Safma) here on Sunday demanded through a resolution all the state institutions to work within their constitutional parameters and reject any undemocratic change.
Published 04 Oct, 2010 12:00am
ZTBL urged to start issuance of new agriculture loans to farmers

ZTBL urged to start issuance of new agriculture loans to farmers

Farmers Associates of Pakistan (FAP) has demanded of the Zarai Taraqiati Bank Ltd (ZTBL) to start issuance of new agricultural loans to the farmers and honour its past commitments with regard to loaning for purchase of tractors.
Published 04 Oct, 2010 12:00am
Sabharwal, Malik discuss Mumbai case

Sabharwal, Malik discuss Mumbai case

Sharat Sabharwal, Indian High Commissioner to Pakistan called on Federal Minister for Interior, Rehman Malik at Ministry of Interior here Sunday. The meeting held in a very cordial atmosphere in which matters of mutual interest and on going trial of Mumba
Published 04 Oct, 2010 12:00am
Acrylamide entitled to zero-rating facility: FBR

Acrylamide entitled to zero-rating facility: FBR

The Federal Board of Revenue (FBR) has informed the field formations that the Acrylamide is entitled to zero-rating facility as it falls within the ambit of 'dyes intermediaries' mentioned under serial number 47 of SRO.509(I)/2007.
Published 04 Oct, 2010 12:00am
Supply route to Nato to be reopened soon: Haqqani

Supply route to Nato to be reopened soon: Haqqani

Pakistan's ambassador to the United States Hussain Haqqani on Sunday said the two allies are working closely to thwart terrorist attacks anywhere in the world but made it clear that his country would not allow any foreign troops on its soil and follow its
Published 04 Oct, 2010 12:00am
Non-release of funds: PUASA to observe black day on October 5

Non-release of funds: PUASA to observe black day on October 5

General Secretary of Punjab University Academic Staff Association (PUASA), Prof Javed Sami has announced that the association will observe black-day on October 5 and suspend academic activities because government has so far failed to honour its pledge and
Published 04 Oct, 2010 12:00am
Members of Judicial Commission visit Tori Bund

Members of Judicial Commission visit Tori Bund

The members of a judicial commission appointed by the Sindh Government said Sunday that we are here to visit Tori Bund and other embankments which were breached during the super flood and have received the briefing from Chief Engineer Guddu Barrage.
Published 04 Oct, 2010 12:00am
'Government duty-bound to follow directions of courts'

'Government duty-bound to follow directions of courts'

Prime Minister Syed Yusuf Raza Gilani has said that the federal government believes in co-operation and reconciliatory attitude towards the judiciary as well as other institutions, saying that it would accord more independence and strengthen the instituti
Published 04 Oct, 2010 12:00am
PPP parliamentary party in Punjab Assembly meets on October 5

PPP parliamentary party in Punjab Assembly meets on October 5

Senior Provincial Minister and Parliamentary leader of PPP in Punjab Assembly Raja Riaz Ahmad has said that parliamentary party meeting has been called on Tuesday, wherein confidence will be reposed in the leadership of Prime Minister Syed Yousuf Raza Gil
Published 04 Oct, 2010 12:00am
JI slams increase in drone attacks

JI slams increase in drone attacks

While condemning the increasing drone attacks inside Pakistan, Jamaat-e-Islami Chief, Syed Munawwar Hasan has said that US and Nato are attacking their front line ally only to remove the blot of defeat in Afghanistan.
Published 04 Oct, 2010 12:00am
SCBA to join lawyers strike today

SCBA to join lawyers strike today

The Supreme Court Bar Association has decided to participate in the lawyers strike against police today (Monday).
Published 04 Oct, 2010 12:00am
Korangi land deal: NAB may institute case against NICL chairman

Korangi land deal: NAB may institute case against NICL chairman

The National Accountability Bureau (NAB) is expected to institute a case against the Chairman of National Insurance Corporation of Pakistan (NICL), Ayaz Niazi, on yet another suspicious land procurement deal in Korangi (Karachi).
Published 04 Oct, 2010 12:00am
Gas pipeline leakage in Malir causes huge blast

Gas pipeline leakage in Malir causes huge blast

A huge blast shook the residents of the thickly populated area of Karachi's Urdu Nagar in Malir, and gas supply to the adjoining areas of Malir was suspended as aghast residents found out that a six-inch diameter gas pipeline had blown up as a KESC-laid e
Published 04 Oct, 2010 12:00am
Journalist killed in road accident

Journalist killed in road accident

Jamil Siddiqui, a senior city journalist, was killed in a road accident late on Saturday night. According to a family member, Jamil Siddiqui was crossing Tariq Road around midnight when hit by a vehicle. He was taken to a local hospital but could not surv
Published 04 Oct, 2010 12:00am
Two-day workshop on 'Power Sector Reforms' today

Two-day workshop on 'Power Sector Reforms' today

The Planning Commission of Pakistan in collaboration with the Ministry of Water and Power and multi-donor agencies is arranging a two-day workshop on 'Power Sector Reforms' here from Monday (today).
Published 04 Oct, 2010 12:00am
Fazl and Zardari discuss political situation

Fazl and Zardari discuss political situation

Maulana Fazlur Rehman, Chief of JUI (F) called on President Asif Ali Zardari at Bilawal House, here on Sunday. The two leaders discussed the prevailing political situation in the country, PPP spokesman said. Federal Minister for Law and Parliamentary Affa
Published 04 Oct, 2010 12:00am
KPC asks India, Pakistan to resolve Kashmir conflict

KPC asks India, Pakistan to resolve Kashmir conflict

Kashmir Peace Conference (KPC) on Sunday urged India and Pakistan to resolve the Kashmir dispute according to wishes of Kashmiris in order to foster peace and prosperity in South Asian region.
Published 04 Oct, 2010 12:00am
CJ constitutes five benches for next week

CJ constitutes five benches for next week

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted five benches at the Principal seat to hear a number of cases in the next week starting from October 4.
Published 04 Oct, 2010 12:00am
Ulema of Bajaur Agency support anti-polio vaccination drive

Ulema of Bajaur Agency support anti-polio vaccination drive

Ulemas of Bajaur Agency have extended full support in favour of the polio vaccination campaign in the agency and advised the parents to ensure that there children, below five years of age, are administered.
Published 04 Oct, 2010 12:00am
SU VC distributes cash among flood-hit families

SU VC distributes cash among flood-hit families

Vice-Chancellor Sindh University (SU) Professor Dr Nazir A Mughal distributed cash amount among flood affected families of Shahbaz flood relief and Jamshoro Phatak campus who belongs to various parts of Sindh privince.
Published 04 Oct, 2010 12:00am
LADIESFUND Entrepreneurship Conference organised

LADIESFUND Entrepreneurship Conference organised

In order to bring phenomenal entrepreneurs at one place to share their success stories, experiences, and also to provide insight practical knowledge to budding and upcoming mid-career entrepreneurs, the Dawood Capital Management Ltd organised the LADIESFU
Published 04 Oct, 2010 12:00am
'Lawyers should shun violence'

'Lawyers should shun violence'

Advisor to Sindh Chief Minister, Ms Sharmila Farooqui said on Sunday that lawyers are the pioneers of law and protectors of it, so they should hold peaceful protests for their rights and should not torture media men who always raise their issues, not only
Published 04 Oct, 2010 12:00am
Ijaz Khokhar elected PRGMEA chairman

Ijaz Khokhar elected PRGMEA chairman

The newly formed Central Managing Committee (CMC) of Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has unanimously elected Ijaz A. Khokhar as their Central Chairman for year 2010-11.
Published 04 Oct, 2010 12:00am
SU VC pays surprise visit to boys hostels

SU VC pays surprise visit to boys hostels

The Vice Chancellor University of Sindh Professor Dr. Nazir A. Mughal on Sunday paid a surprise visit to boys hostels of the University to inspect the facilities available for the students. He visited mess of various boys hostels including Lal Shahbaz, Fe
Published 04 Oct, 2010 12:00am
Prices of some commodities register upward trend

Prices of some commodities register upward trend

The prices of some essential items such as moong, wheat and yellow peas Canada continued up trend despite low trading of international commodities during the week ended on October 2.
Published 04 Oct, 2010 12:00am
Laws under study to bring influential into tax net: Babar Awan

Laws under study to bring influential into tax net: Babar Awan

Minister for Law and Parliamentary Affairs Dr. Babar Awan has said that his Ministry was consulting the legislative authorities to bring all the influential in the tax net. Addressing the 'Meet the Press Programme' of Karachi Press Club (KPC) here on Sund
Published 04 Oct, 2010 12:00am
Rs 200,000 grant for KPC

Rs 200,000 grant for KPC

Federal Minister for Law and Parliamentary Affairs, Babar Awan has announced a grant of Rs 0.2 million for Karachi Press Club (KPC). He made the announcement at the Meet the Press programme of Karachi Press Club here on Sunday.
Published 04 Oct, 2010 12:00am
Second appeal by UN

Second appeal by UN

Secretary General of the United Nations Ban Ki-moon in his second appeal to the international community to support Pakistan's 20 million flood-ravaged people, succeeded in generating 2 billion dollars in additional pledges. However, the pledges were accom
Published 04 Oct, 2010 12:00am
More US helicopter attacks

More US helicopter attacks

Nato gunship helicopters have done it again. Ignoring Pakistan's strong protest over the three helicopter strikes inside Pakistan territory that the US forces conducted, between last Saturday and Monday that left about 53 people dead, helicopters again vi
Published 04 Oct, 2010 12:00am
Musharraf's new adventure

Musharraf's new adventure

General Pervez Musharraf, who has been promising to return to Pakistan before the next elections, took a step forward in that direction on Friday, announcing the launch of a new party, All Pakistan Muslim League, before a gathering of expatriate Pakistani
Published 04 Oct, 2010 12:00am
Are we ready to pay for flood devastation?

Are we ready to pay for flood devastation?

It is by now patently evident that the Ministry of Finance has begun the exercise of adjusting/reformulating a budget for the current fiscal year in light of the new economic realities in the aftermath of the devastation wrought by the floods.
Published 04 Oct, 2010 12:00am
Economic crisis: causes, remedial measures - IV

Economic crisis: causes, remedial measures - IV

Private sector saving: Simultaneously with generation and expansion of public sector savings, and containment of inflation through a proactive and independent monetary policy, a strategy needs to be adopted to promote private savings that are usual
Published 04 Oct, 2010 12:00am
China's Chang'e-2 to prepare for moon-landing mission

China's Chang'e-2 to prepare for moon-landing mission

Launch planned for 1100 GMT Friday 02.10.2010= Beijing (dpa) - China is to use its Chang'e-2 lunar mission mainly to prepare for the nation's first moon landing on the next mission scheduled to be launched by the end of 2013, officials have said.
Published 04 Oct, 2010 12:00am
Unlawful, unethical activities

Unlawful, unethical activities

I am a resident of Baloch Goth, Orangi Town No 13, and really anguished about a number of illegal activities going on in my area. People involved in the sale and supply of narcotics have been increasing their influence in the area. The worrying part of th
Published 04 Oct, 2010 12:00am
Violations by Nato forces

Violations by Nato forces

The North Atlantic Treaty Organisation (Nato) violated its commitment through cross-border strikes in Pakistani territory, killing three FC personnel.
Published 04 Oct, 2010 12:00am
Palestinians want to keep peace talks alive: Mitchell

Palestinians want to keep peace talks alive: Mitchell

The Palestinians want peace talks with Israel to continue, US envoy George Mitchell insisted on Sunday, as he visited Egypt and Jordan in a last-ditch effort to salvage fledgling direct negotiations.
Published 04 Oct, 2010 12:00am
Ahmadinejad says Middle East to expel US with 'kick in butt'

Ahmadinejad says Middle East to expel US with 'kick in butt'

President Mahmoud Ahmadinejad said Sunday that Middle East nations will expel the United States from the region with a "kick in the butt," as he launched a vitriolic tirade against Iran's arch-foes. "They have such nerve to threaten us and say all options
Published 04 Oct, 2010 12:00am
Afghan violence kills 13 civilians

Afghan violence kills 13 civilians

Thirteen Afghan civilians were killed in separate incidents across Afghanistan over the weekend as a result of Taliban insurgent attacks and Nato action, officials said Sunday. Seven members of one family died when a roadside bomb ripped through a civilia
Published 04 Oct, 2010 12:00am
Britain pays 1.5 million dollars in compensation to Afghans

Britain pays 1.5 million dollars in compensation to Afghans

Britain has paid 1.5 million dollars to Afghans this year in compensation for deaths, injuries and damaged property, official figures showed Sunday. British forces have agreed to pay 1,463,653.50 dollars to settle claims made between January and mid-Augus
Published 04 Oct, 2010 12:00am
Iraq postpones nation-wide census again

Iraq postpones nation-wide census again

Iraq again postponed its first census in two decades because of political wrangling over disputed areas in the country's north, a planning ministry official said Sunday. The October 24 census has now been delayed until December 5, the latest in a string o
Published 04 Oct, 2010 12:00am
Chavez vows to radicalise after Venezuela election

Chavez vows to radicalise after Venezuela election

Venezuelan President Hugo Chavez vowed to "radicalise" his socialist revolution even further after legislative elections that gave the opposition one of its strongest showings during his more than 11 years in power.
Published 04 Oct, 2010 12:00am
Turkish minister accuses EU of political intrigues

Turkish minister accuses EU of political intrigues

The European Union's refusal to negotiate with Turkey over several areas required for membership is politically motivated and has deepened Turks' frustration, the minister in charge of accession talks said on Sunday.
Published 04 Oct, 2010 12:00am
Booming Brazil votes, Lula's pick favoured

Booming Brazil votes, Lula's pick favoured

Brazilian voters, largely content with their country's booming economy, went to the polls on Sunday and were expected to hand a convincing victory to the pragmatic hand-picked successor of President Luiz Inacio Lula da Silva despite a wave of last-minute
Published 04 Oct, 2010 12:00am
Freedom of speech 'indispensable': China's premier

Freedom of speech 'indispensable': China's premier

Freedom of speech is indispensable and the people's desire for democracy "irresistible," China's Premier Wen Jiabao said Sunday, as he brushed aside criticisms that Beijing was curbing such rights. "I believe freedom of speech is indispensable for any cou
Published 04 Oct, 2010 12:00am
Only Turkey can act as mediator with Israel: Syria

Only Turkey can act as mediator with Israel: Syria

Foreign Minister Walid Muallem said on Sunday that only Turkey can act as an intermediary in any indirect peace negotiations between Syria and Israel. "Turkey has shown itself to be an honest intermediary. Indirect talks must therefore be under Turkish me
Published 04 Oct, 2010 12:00am
Germany celebrates 20 years of reunification

Germany celebrates 20 years of reunification

Germany's president celebrated the country's new-found national pride but also stressed that more needs to be done to integrate Muslim and other immigrants as he marked the 20th anniversary of reunification on Sunday.
Published 04 Oct, 2010 12:00am
South Africa will not sign S Korea nuclear power deal

South Africa will not sign S Korea nuclear power deal

South Africa said Sunday it would not sign an agreement with South Korea to design and build nuclear power plants in the African country, dismissing an earlier report, the foreign ministry said.
Published 04 Oct, 2010 12:00am
Italian police arrest French al Qaeda suspect

Italian police arrest French al Qaeda suspect

Italian antiterrorist police have arrested a French man suspected of belonging to al Qaeda and capable of securing explosives, sources close to the investigation said on Sunday. The operation took place in a night raid in Naples between September 4 and 5
Published 04 Oct, 2010 12:00am
Ruling coalition wins Latvian polls

Ruling coalition wins Latvian polls

Latvia's government reached out to the left Sunday as near-final election results showed it won a new mandate for a draconian austerity drive in the wake of the world's deepest recession.
Published 04 Oct, 2010 12:00am
Winston Churchill enters British pop charts

Winston Churchill enters British pop charts

Wartime leader Winston Churchill became the first British Prime Minister ever to enter the pop charts when an album featuring some of his most famous speeches set to music debuted in fourth place on Sunday.
Published 04 Oct, 2010 12:00am
Malaysian party to pick non-smoking candidate

Malaysian party to pick non-smoking candidate

Malaysia's conservative Islamic party will field only a candidate who does not smoke in an upcoming by-election, reports said Sunday, as the party seeks to boost its Islamic image.
Published 04 Oct, 2010 12:00am
Iraqi security officials arrested over plot

Iraqi security officials arrested over plot

Two senior security officials in Iraq's northern Diyala province were arrested in connection with a plot to bomb the provincial government building, officials said on Sunday.
Published 04 Oct, 2010 12:00am
Body of German super car builder found in South Africa

Body of German super car builder found in South Africa

The body of record-setting German super car builder Uwe Gemballa has been found in South Africa eight months after he vanished on a business trip there, police said on Sunday. Gemballa, whose tuning firm had a clientele including Arab royalty, movie stars
Published 04 Oct, 2010 12:00am
Bosnian voters hope for change

Bosnian voters hope for change

Bosnians voted Sunday in elections seen as crucial to break political deadlock in the ethnically divided country and secure its entry into the European Union. While the election campaign was dominated again by nationalist rhetoric from all sides, many vot
Published 04 Oct, 2010 12:00am
Flash crash report not enough to bring retail back

Flash crash report not enough to bring retail back

Frightened retail investors shunning the stock market are unlikely to find much comfort in Friday's report on the May 6 "flash crash" that sent markets tumbling in a matter of minutes.
Published 04 Oct, 2010 12:00am
Investors await BoE policy meeting

Investors await BoE policy meeting

The Bank of England takes centre stage on the London economic scene in the week ahead, with investors keen to know if bank policymakers plan additional measures to pump-prime the British economy. On the London Stock Exchange the benchmark FTSE 100 index f
Published 04 Oct, 2010 12:00am
Swaps clearing wins converts on post-crisis Street

Swaps clearing wins converts on post-crisis Street

US regulators have yet to write a single rule flexing their broad new powers in the $615 trillion derivatives market, but traders are already moving business onto regulated venues in anticipation.
Published 04 Oct, 2010 12:00am
Rising bond yields seen constrained by QE

Rising bond yields seen constrained by QE

Major government bond yields will creep higher at a far slower pace than forecast three months ago, according to a Reuters poll of market strategists who saw no return to pre-crisis levels soon.
Published 04 Oct, 2010 12:00am
Rising bond yields seen constrained by QE

Rising bond yields seen constrained by QE

Major government bond yields will creep higher at a far slower pace than forecast three months ago, according to a Reuters poll of market strategists who saw no return to pre-crisis levels soon.
Published 04 Oct, 2010 12:00am
Yuan to rise 3.1 percent versus dollar over next 12 months

Yuan to rise 3.1 percent versus dollar over next 12 months

The yuan's recent spurt is likely to slow over the rest of the year despite heightened US pressure, a Reuters poll showed on Thursday. The yuan is likely to reach 6.63 per dollar by the end of 2010, a rise of 0.9 percent from Thursday's spot rate, accordi
Published 04 Oct, 2010 12:00am
'Higher-risk' forex benefits as safety bet dwindles

'Higher-risk' forex benefits as safety bet dwindles

Currencies traditionally seen as "higher-risk" are attracting increasing interest from investors seeking higher returns in assets backed by sound economic fundamentals and healthy fiscal positions.
Published 04 Oct, 2010 12:00am
After September rally, US stocks eye earnings, jobs

After September rally, US stocks eye earnings, jobs

As September's surge fades into a fond memory, the question for the US stock market is: Now what? The market shook off the summer doldrums last month, breaking out of a stubborn trading range and giving investors the second-best September on record with a
Published 04 Oct, 2010 12:00am
Japan stocks may be pressured as yen's rise looms large

Japan stocks may be pressured as yen's rise looms large

Japanese share prices will likely remain under pressure next week as investors expect the yen's strength against the dollar to revive, analysts said Friday. "The yen is on a rising trend again," which may dampen market sentiment next week, said Masumi Yam
Published 04 Oct, 2010 12:00am
Canadian bond yields to rise modestly in coming months

Canadian bond yields to rise modestly in coming months

Canadian bond yields are expected to climb in the coming year but by far less than predicted just three months ago as concerns about the domestic and world recovery have intensified, a Reuters poll showed.
Published 04 Oct, 2010 12:00am
Canadian bond yields to rise modestly in coming months

Canadian bond yields to rise modestly in coming months

Canadian bond yields are expected to climb in the coming year but by far less than predicted just three months ago as concerns about the domestic and world recovery have intensified, a Reuters poll showed.
Published 04 Oct, 2010 12:00am
Russia's Severstal could list in London

Russia's Severstal could list in London

Severstal could list its gold unit in London, following an initial public offering as early as this year, a senior executive at Russia's largest steel producer said on Friday. Alexander Grubman, the chief executive of Severstal unit Severstal Russian Stee
Published 04 Oct, 2010 12:00am
Russia's Severstal could list in London

Russia's Severstal could list in London

Severstal could list its gold unit in London, following an initial public offering as early as this year, a senior executive at Russia's largest steel producer said on Friday. Alexander Grubman, the chief executive of Severstal unit Severstal Russian Stee
Published 04 Oct, 2010 12:00am
Abu Dhabi starts fund to invest in Iraqi companies

Abu Dhabi starts fund to invest in Iraqi companies

A state-run Abu Dhabi financial firm is launching a fund to invest in Iraqi companies. Invest AD said Sunday its Iraq Investment Fund will give investors a way to buy tough-to-access Iraqi stocks and other investments as the country starts to rebuild and
Published 04 Oct, 2010 12:00am
Abu Dhabi starts fund to invest in Iraqi companies

Abu Dhabi starts fund to invest in Iraqi companies

A state-run Abu Dhabi financial firm is launching a fund to invest in Iraqi companies. Invest AD said Sunday its Iraq Investment Fund will give investors a way to buy tough-to-access Iraqi stocks and other investments as the country starts to rebuild and
Published 04 Oct, 2010 12:00am
China-Africa 2010 trade to top 100 billion dollars

China-Africa 2010 trade to top 100 billion dollars

Beijing says its trade with Africa is on track to top 100 billion dollars this year as it benefits from investments in mines, farms and factories on the continent, state media reported Sunday. Trade between China and Africa jumped 65 percent on year in th
Published 04 Oct, 2010 12:00am
Bangladesh faces trade slump on poor port activity

Bangladesh faces trade slump on poor port activity

Bangladesh's external trade is likely to face a slump in the current fiscal year to June 2011 due to poor performance of the country's main Chittagong port, traders said on Sunday. "Both the exports and imports are bound to fall as the efficiency of the p
Published 04 Oct, 2010 12:00am
Iran's rial stays fragile despite central bank move

Iran's rial stays fragile despite central bank move

Iran's currency, the rial, defied central bank attempts to revive its value on Sunday, remaining weak after falling 13 percent against the dollar last week. Last week's rial slump stirred talk of an unannounced policy of devaluation or a scramble for doll
Published 04 Oct, 2010 12:00am
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