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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-10-09
Canadian canola futures rally

Canadian canola futures rally

Canadian canola futures ended higher on Thursday, buoyed by a retreat in the Canadian dollar and strength in allied US soya markets, traders said. Canola traders cautious ahead of Friday's US Department of Agriculture report on size of US crops. November
Published 09 Oct, 2010 12:00am
EU wheat firm

EU wheat firm

European wheat futures firmed on Thursday on the back of dollar-fuelled gains in US markets and a bullish export outlook, reinforced by Ukraine's adoption of export quotas, traders said. However, operators remained cautious after wild price swings in the
Published 09 Oct, 2010 12:00am
No business on grain market

No business on grain market

Not a single deal was reported on wholesales grain and seeds market on Friday as almost all the participants were busy in preparations for Juma prayers.
Published 09 Oct, 2010 12:00am
Activity gains momentum; prices marginally up on cotton market

Activity gains momentum; prices marginally up on cotton market

Brisk activity was seen on the cotton market on Friday as a result of renewed buying by the exporters and mills, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 7000, they said. In the ready business, approximatel
Published 09 Oct, 2010 12:00am
Tensions rise in Sanofi-Genzyme bid war

Tensions rise in Sanofi-Genzyme bid war

Sanofi-Aventis has dismissed suggestions by bid target Genzyme that it privately dangled a higher price for the biotech firm, as a transatlantic take-over fight descended into an ill-tempered stand-off. Genzyme had said on Thursday that Sanofi's chief exe
Published 09 Oct, 2010 12:00am
Potash Corp CEO says BHP bid is a 'non-starter'

Potash Corp CEO says BHP bid is a 'non-starter'

The head of Potash Corp went on the offensive against its unwanted suitor on Thursday, confidently describing BHP Billiton's $130-a-share hostile bid as "non-starter" even though a competing offer has yet to emerge. Potash Corp Chief Executive Bill Doyle,
Published 09 Oct, 2010 12:00am
Mixed fortunes for Asian IPOs; investors chase GIC's GLP

Mixed fortunes for Asian IPOs; investors chase GIC's GLP

Investors lapped up Singapore Global Logistic Properties' (GLP) IPO but shunned the non-precious metals unit of London-listed gold miner Petropavlovsk Plc in a day of mixed fortunes for Asian share offerings. Asia has led the world in initial public offer
Published 09 Oct, 2010 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.48 percent on Friday, led by a 3.9 percent fall in AU Optronics Corp after it said it expects weaker third-quarter financial results. The main TAIEX share index closed down 39.73 points at 8,244.19. AU ended down T$1.25 at T$30.70, pu
Published 09 Oct, 2010 12:00am
Nikkei slips

Nikkei slips

Japan's Nikkei average fell 1 percent on Friday, hurt by the yen trading near a 15-year peak against the dollar and by profit-taking after the Bank of Japan's policy easing this week had driven stocks higher. Investors were also keen to unwind positions a
Published 09 Oct, 2010 12:00am
Wall Street sags

Wall Street sags

Weak commodities and a firmer dollar pressured US stocks on Thursday as investors shunned big bets before a jobs report that could determine the next move from the Fed. The dollar reversed a long downtrend, slamming oil and gold markets, which in turn too
Published 09 Oct, 2010 12:00am
European CDS edge tighter

European CDS edge tighter

European corporate credit default swap spreads were slightly tighter on Friday, although the tone was slightly nervous ahead of US non-farm payrolls data. By 0642 GMT, the investment-grade Markit iTraxx Europe index was at 103 basis points, according to d
Published 09 Oct, 2010 12:00am
European CDS edge tighter

European CDS edge tighter

European corporate credit default swap spreads were slightly tighter on Friday, although the tone was slightly nervous ahead of US non-farm payrolls data. By 0642 GMT, the investment-grade Markit iTraxx Europe index was at 103 basis points, according to d
Published 09 Oct, 2010 12:00am
Shorter-dated Treasuries gain

Shorter-dated Treasuries gain

Prices of short-dated US Treasuries gained slightly on Thursday on expectations that Friday's US payrolls data will argue for further asset purchases by the Federal Reserve to support the economy. Data on Thursday showing new US claims for unemployment be
Published 09 Oct, 2010 12:00am
Shorter-dated Treasuries gain

Shorter-dated Treasuries gain

Prices of short-dated US Treasuries gained slightly on Thursday on expectations that Friday's US payrolls data will argue for further asset purchases by the Federal Reserve to support the economy. Data on Thursday showing new US claims for unemployment be
Published 09 Oct, 2010 12:00am
Indian shares down

Indian shares down

Indian shares fell 0.3 percent on Friday to log its first weekly loss in six weeks, with investors locking in profits ahead of quarterly earnings, after rallying to a 33-month high earlier this week. Analysts said the market was showing signs of fatigue a
Published 09 Oct, 2010 12:00am
Southeast Asian markets fall

Southeast Asian markets fall

Southeast Asian stock markets fell on Friday ahead of US job data and contentious G7 and IMF meetings focusing on currencies, with Thai stocks pulling back from 14-year highs, but most bourses managed gains on the week. Investors chose to lock in profits,
Published 09 Oct, 2010 12:00am
Shanghai stocks jump

Shanghai stocks jump

Shanghai stocks rose 3.1 percent on Friday to their highest level since early May as local markets caught up with a global rally after a week-long National Day holiday with stronger commodities prices bolstering metals and mining issues. The Shanghai Comp
Published 09 Oct, 2010 12:00am
Seoul shares down

Seoul shares down

Seoul shares ended down 0.2 percent on Friday amid caution ahead of US jobs data and with the main index near a 33-month high. Losses were led by technology stocks, including Samsung Electronics Co Ltd and LG Electronics Inc. The Korea Composite Stock Pri
Published 09 Oct, 2010 12:00am
European stocks flat as miners offset banks

European stocks flat as miners offset banks

European stocks ended mostly unchanged on Friday as worries over a surprise drop in US monthly payrolls data were offset by mounting expectations the Federal Reserve will take further steps to support the economy. Heavyweight miners such as Rio Tinto and
Published 09 Oct, 2010 12:00am
Banks pull FTSE lower

Banks pull FTSE lower

Britain's top share index inched down on Friday, weighed by weaker banks after a surprise drop in US non-farm payrolls, although the data raised quantitative easing expectations which lifted commodity prices. At the close, the FTSE 100 was 4.52 points or
Published 09 Oct, 2010 12:00am
Yuan at post-reval high

Yuan at post-reval high

Spot yuan on Friday ended at its highest closing level against the dollar since a landmark revaluation in July 2005, supported by strong expectations of a further strengthening of the Chinese currency amid mounting political pressure. In addition to deman
Published 09 Oct, 2010 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling rose to near eight-month highs against the dollar on Friday as a sell-off in the US dollar picked up after weak US payrolls backed market views that the Federal Reserve would ease monetary policy further. It also made gains against the euro, reve
Published 09 Oct, 2010 12:00am
Dollar wobbles in Asia

Dollar wobbles in Asia

The dollar came under pressure again on Friday, losing some ground made from a bout of profit-taking on other currencies ahead of US jobs data and Group of Seven (G7) and IMF meetings later in the week. The Japanese yen held near its 15-year peak against
Published 09 Oct, 2010 12:00am
Dollar rises in London

Dollar rises in London

The dollar rose on Friday after a US policymaker played down the chances of aggressive monetary easing, prompting investors to take some profit on the greenback's recent falls before key US jobs data. St. Louis Fed chief James Bullard, a voting member thi
Published 09 Oct, 2010 12:00am
Early trade: dollar down versus yen

Early trade: dollar down versus yen

The US dollar slid to a 15-year low below 82 against the Japanese yen on Friday after a report showed an unexpected drop in US payrolls in September. The report bolstered the expectation for further asset purchases from the US Federal Reserve and the reac
Published 09 Oct, 2010 12:00am
Euro rally stalls, dollar tumbles

Euro rally stalls, dollar tumbles

The euro fell against the dollar on Thursday as investors booked profits on its recent rise ahead of US jobs data while the dollar fell to a 15-year low against the yen. Investors are bracing for the Federal Reserve to start pumping more money into the US
Published 09 Oct, 2010 12:00am
Australia dollar camped near 28 year highs

Australia dollar camped near 28 year highs

The Australian and New Zealand dollars pulled back from dizzying heights on Friday as investors took profits ahead of what could be a crucial US jobs report for the prospect of monetary easing there. The Australian dollar backed off to $0.9826, having cli
Published 09 Oct, 2010 12:00am
Indian rupee loses steam

Indian rupee loses steam

The Indian rupee gave up steam to end lower on Friday weighed by weak shares, lower Asian peers and dollar demand from oil importers, with the dollar's recovery from earlier lows aiding the fall. Dealers expect the rupee to resume its appreciation boosted
Published 09 Oct, 2010 12:00am
Won, baht lead Asian consolidation

Won, baht lead Asian consolidation

The Thai baht and South Korean won led a mild consolidation in Asian currencies on Friday after recent sharp gains, but the Chinese yuan jumped when trade resumed after a week-long holiday. Spot yuan hit its highest against the dollar since a landmark rev
Published 09 Oct, 2010 12:00am
Euro rates move up

Euro rates move up

Interbank eurozone lending rates rose on Friday after the European Central Bank said last week's move by banks to slash their use of ECB loans showed money markets were beginning to function more normally. The ECB on Thursday left interest rates at 1.0 pe
Published 09 Oct, 2010 12:00am
Laxman uncertain, Bollinger out as second Test starts

Laxman uncertain, Bollinger out as second Test starts

India kept batting hero Venkatsai Laxman under wraps ahead of the final Test against Australia which starts on Saturday, as the tourists lost bowler Doug Bollinger to injury. Laxman, who defied back spasms to score a match-winning 73 not out in the first
Published 09 Oct, 2010 12:00am
Pakistan and Oman clash next month

Pakistan and Oman clash next month

Pakistan will face Oman during the football event of XVI Asian Games at Chinese city Guangzhou from November 7-26 November. The opening match will be played 5 days prior to the opening ceremony at Haixinsha Island in the Pearl River. Other Pakistan's oppo
Published 09 Oct, 2010 12:00am
Former Tottenham defender to boost Pakistan soccer

Former Tottenham defender to boost Pakistan soccer

Pakistan will hire former Tottenham defender Graham Roberts as football consultant to improve their standard ahead of the Asian Games in China next month, an official said Friday. "We are fortunate to have Roberts for two months as football consultant," P
Published 09 Oct, 2010 12:00am
United post huge losses

United post huge losses

Manchester United on Friday reported huge losses despite an operating profit, due to the hefty interest payments on the club's loans which did not stop their debt pile increasing. The English Premier League giants reported an overall loss of 83.64 million
Published 09 Oct, 2010 12:00am
Misbah named Test captain; Afridi of ODI, Twenty20

Misbah named Test captain; Afridi of ODI, Twenty20

In an unexpected move, Pakistan Cricket Board (PCB) once again stunned the former cricketers when it named 36-year old Misbah-ul-Haq as skipper of the national cricket team for Test series against South Africa, to be played at the neutral venues of the UA
Published 09 Oct, 2010 12:00am
Premier Football League: KPT rout Navy 4-1, PMC win

Premier Football League: KPT rout Navy 4-1, PMC win

Four more matches were decided on Friday in Pakistan Premier Football League that was staged at different venues. PMC Athletico Club hit late winner to beat HBL 1-0 while PEL failed to extend substitute's goal and drew 1-1 in a clash with organised Chaman
Published 09 Oct, 2010 12:00am
Wozniacki suffers injury scare in Beijing

Wozniacki suffers injury scare in Beijing

World number one Caroline Wozniacki began life at the top with an injury scare on Friday, while Ivan Ljubicic completed a cull of seeds when he beat Andy Murray on yet another smoggy day at the China Open. Second seed Murray joined Robin Soderling (third)
Published 09 Oct, 2010 12:00am
FIFA temporarily lifts Nigeria suspension

FIFA temporarily lifts Nigeria suspension

FIFA credited a "positive turn" in events as the reason behind its decision on Friday to temporarily lift the suspension of Nigeria from international football. Football's world governing body said its emergency committee had "decided to provisionally lif
Published 09 Oct, 2010 12:00am
Japan stun Argentina

Japan stun Argentina

Japan upset a full-strength Argentina side 1-0 Friday in a historic friendly win that crowned the coaching debut of former AC Milan boss Alberto Zaccheroni. Shimizu S-Pulse striker Shinji Okazaki scored the winner in the 19th minute while the Blue Samurai
Published 09 Oct, 2010 12:00am
India's gold rush continues, Australia reign in trap

India's gold rush continues, Australia reign in trap

India's gold run in Commonwealth Games shooting continued on Friday with three more titles while Australia bagged both the mens and women's trap pairs. World record holder Gagan Narang won his third gold of the Games as did pistol shooter Omkar Singh whil
Published 09 Oct, 2010 12:00am
Australia's Jones hits new highs, teenager Kukla wins gold

Australia's Jones hits new highs, teenager Kukla wins gold

The old and new of Australian swimming were at their brilliant best on Friday as Leisel Jones won yet another Commonwealth Games gold and 15-year-old Yolane Kukla claimed her first. Jones, 25, won the 100 metre breaststroke final to become the first athle
Published 09 Oct, 2010 12:00am
Botswana's Montsho cruises to 400m gold medal

Botswana's Montsho cruises to 400m gold medal

Botswana's Amantle Montsho smashed the Commonwealth Games women's 400m record on her way to winning the gold medal on Friday in 50.10 seconds. With English Olympic champion Christine Ohuruogo missing the event, along with Jamaica's world-class trio of She
Published 09 Oct, 2010 12:00am
Indian female wrestlers win

Indian female wrestlers win

Anita (eds note: one name) completed India's most successful day in history in female wrestling when she won the Commonwealth Games 67kg freestyle title to add to the squad's earlier gold and silver. Hundreds of delighted fans at the near-full Indira Gand
Published 09 Oct, 2010 12:00am
T20 blind cricket tournament starts

T20 blind cricket tournament starts

All Pakistan T-20 Blind Cricket Tournament will start from October 9 (Saturday) at Bahawalpur Dring stadium. President Bahawalpur Cricket Club of the Blinds Syed Salman Tariq Bukhari told APP Friday that eight teams will participate in the tournament incl
Published 09 Oct, 2010 12:00am
Devvarman and Sania reach finals

Devvarman and Sania reach finals

India's Somdev Devvarman pulled off the first leg of what he hopes will be an Australian double to reach the men's singles final at the Commonwealth Games tennis tournament on Friday. The top seed won through 6-3, 6-1 against Matt Ebden and will face anot
Published 09 Oct, 2010 12:00am
Van Der Burgh wins 50m breaststroke gold

Van Der Burgh wins 50m breaststroke gold

South Africa's world record holder Cameron Van Der Burgh on Friday won the men's 50m breaststroke, adding a second gold to his 100m title. The 22-year-old world champion never looked like losing the race and touched home in a new Games record of 27.17sec,
Published 09 Oct, 2010 12:00am
Glitches persist as Games reach halfway point

Glitches persist as Games reach halfway point

Embattled Commonwealth Games officials conceded a "major communication blunder" was to blame for Thursday's athletics farce as they continue to grapple with snags at the halfway point of the Delhi event on Friday. After a tumultuous build-up, the spectacu
Published 09 Oct, 2010 12:00am
Morgan Stanley fund refinances Japan loans

Morgan Stanley fund refinances Japan loans

A Morgan Stanley real estate fund will keep the keys to 13 hotels it bought in one of Japan's largest ever property deals after refinancing loans this month, four people with direct knowledge of the matter said. The fund borrowed a combined 225 billion ye
Published 09 Oct, 2010 12:00am
Morgan Stanley fund refinances Japan loans

Morgan Stanley fund refinances Japan loans

A Morgan Stanley real estate fund will keep the keys to 13 hotels it bought in one of Japan's largest ever property deals after refinancing loans this month, four people with direct knowledge of the matter said. The fund borrowed a combined 225 billion ye
Published 09 Oct, 2010 12:00am
German exports drop

German exports drop

German exports fell in August for the second consecutive month, narrowing the trade balance and adding to concerns that a stronger euro may weigh on the pace of Europe's economic recovery. Data on Friday from the Federal Statistics Office showed that expo
Published 09 Oct, 2010 12:00am
Honda unveils Fit hybrid, cheapest hybrid in Japan

Honda unveils Fit hybrid, cheapest hybrid in Japan

Honda Motor Co said on Friday it would sell the hybrid version of its popular Fit subcompact for 1.59 million yen ($19,310) in Japan, making it the cheapest gasoline-electric car on the domestic market. The company expects to sell about 5,600 units a mont
Published 09 Oct, 2010 12:00am
EU watchdogs show teeth over bank bonuses

EU watchdogs show teeth over bank bonuses

European Union bank watchdogs fleshed out on Friday what amount to the world's toughest and most far-reaching curbs on bonuses, prompting a warning that financial firms are now more likely to set up shop elsewhere. Bonuses will be capped on the basis of e
Published 09 Oct, 2010 12:00am
China and Turkey target 'milestone' $50 billion of trade

China and Turkey target 'milestone' $50 billion of trade

China and Turkey intend to raise their trade to 50 billion dollars by 2015 from an expected 17 billion dollars this year, Turkish Prime Minister Recep Tayyip Erdogan said on Friday. "We set ourselves a timetable. We agreed to increase our trade volume to
Published 09 Oct, 2010 12:00am
BofA halts foreclosures in all 50 US states

BofA halts foreclosures in all 50 US states

Bank of America Corp expanded on Friday its suspension of foreclosures to include all 50 US states as anger grows at how lenders have prepared documents to support evictions. BofA, the largest US mortgage servicer, is the first US bank to institute a nati
Published 09 Oct, 2010 12:00am
California budget approved 100 days late

California budget approved 100 days late

California lawmakers on Friday approved a state budget filled with spending cuts and creative accounting to fill a $19.1 billion deficit, 100 days after a spending plan should have been in place. But critics fear the governor to be elected on November 2 w
Published 09 Oct, 2010 12:00am
Abu Dhabi bags big Barclays profit

Abu Dhabi bags big Barclays profit

The main Middle East investor who pumped billions of pounds into Barclays two years ago has locked in a profit of about 3 billion pounds on the investment after a complex deal that sent the bank's shares lower. The sale came as concern mounted that income
Published 09 Oct, 2010 12:00am
Strike set to halt oil refining in south France

Strike set to halt oil refining in south France

Four oil refineries in southern France face closure from the weekend, the country's oil lobby said on Friday, after workers at a key oil port voted to continue a strike for a 12th day. Fuel supplies to motorists could continue uninterrupted for one or two
Published 09 Oct, 2010 12:00am
China dumps record amount of Japanese debt in August

China dumps record amount of Japanese debt in August

Chinese investors turned net sellers of Japanese government bonds in a record sale in August, the first in eight months after having steadily bought up Japanese debt this year, data showed Friday. The data may ease earlier speculation that China's aggress
Published 09 Oct, 2010 12:00am
China dumps record amount of Japanese debt in August

China dumps record amount of Japanese debt in August

Chinese investors turned net sellers of Japanese government bonds in a record sale in August, the first in eight months after having steadily bought up Japanese debt this year, data showed Friday. The data may ease earlier speculation that China's aggress
Published 09 Oct, 2010 12:00am
US payrolls fall, Fed monetary easing idea advances

US payrolls fall, Fed monetary easing idea advances

The US economy shed jobs in September for a fourth straight month as government payrolls fell and private hiring slowed, hardening expectations for more stimulus from the Federal Reserve to spur the recovery. Nonfarm payrolls dropped 95,000, the Labour De
Published 09 Oct, 2010 12:00am
Seafood export surges by 82.25 percent

Seafood export surges by 82.25 percent

Seafood exports of the country surged by 82.25 percent during the first two months of the current year as against the same period last year. The fish and fish preparations during July-August (2010-11) were recorded at $29.700 million against the exports o
Published 09 Oct, 2010 12:00am
Five killed in road accident

Five killed in road accident

Five people died when their vehicle overturned in Kalat on Friday, hospital sources and police officials said. The victims identified as Abdul Razaq, Muhammad Arif, Abdul Fatah, Abdul Qadir and a person whose identity could not be ascertained were travell
Published 09 Oct, 2010 12:00am
Disasters inevitable, but devastation not: Oxfam

Disasters inevitable, but devastation not: Oxfam

Oxfam have asked to adopt Disaster Risk Reduction (DRR) programmes so that future calamities cause minimal damage and loss to the country and its people. Five years ago Pakistan faced massive destruction caused by the Kashmir earthquake. Today, over twent
Published 09 Oct, 2010 12:00am
PML-N rejects new NAB chief's appointment

PML-N rejects new NAB chief's appointment

PML-N has rejected the appointment of former Justice Deedar Hussain Shah as Chairman National Accountability Bureau (NAB). PML-N spokesman Ahsan Iqbal said in a statement here on Friday by appointing its own hand picked Chairman NAB and ignoring reservati
Published 09 Oct, 2010 12:00am
Mepco failed to supply uninterrupted electricity

Mepco failed to supply uninterrupted electricity

President of Multan Chamber of Commerce and Industry (MCCI) Shahid Naseem Khokhar has said electricity loadshedding in South Punjab has increased manifold and MEPCO has failed to supply uninterrupted electricity to the industry and agriculture sector.
Published 09 Oct, 2010 12:00am
Steps to quicken power sector reforms discussed

Steps to quicken power sector reforms discussed

Deputy Chairman Planning Commission Dr Nadeem ul Haque chaired the first meeting of transition team on power sector reforms, in Lahore on Friday. The meeting was attended by Dr Khaqan Najeeb, DG Economic Reforms Unit, Shahid Sattar, Advisor, MoWP, Rasul K
Published 09 Oct, 2010 12:00am
Flood-hit mango orchard owners seek help

Flood-hit mango orchard owners seek help

A three-member delegation of Prime Minister Inspection Commission, headed by Rukan Abdullah Gardezi and comprising Muhammad Tanveer Butt, member, PM inspection commission, and Hashim Hussain, Deputy Secretary, Ministry of Industries & Production, met the
Published 09 Oct, 2010 12:00am
First Hajj flight from Faisalabad on October 12

First Hajj flight from Faisalabad on October 12

All arrangements have been finalised in Haji camp at Sargodha road and the intending pilgrims would report Haji camp on October 10th for completing their travel documents. The first Hajj flight would leave from Faisalabad Airport on October 12th for Saudi
Published 09 Oct, 2010 12:00am
Accused airline bomber 'not radicalised at UK university'

Accused airline bomber 'not radicalised at UK university'

A Nigerian accused of trying to blow up a US-bound airliner was not radicalised during his days as a student in Britain, a report on Friday said, challenging suggestions he was recruited on campus. The attack on Christmas Day 2009 stirred fears that a new
Published 09 Oct, 2010 12:00am
Jailed Chinese activist wins Nobel Peace Prize

Jailed Chinese activist wins Nobel Peace Prize

Jailed Chinese democracy activist Liu Xiaobo won the Nobel Peace Prize on Friday for two decades of non-violent struggle for human rights, infuriating China, which called the award "an obscenity". The prize shines a spotlight on human rights in China at a
Published 09 Oct, 2010 12:00am
Russian spy Chapman appears at space launch

Russian spy Chapman appears at space launch

Russian spy Anna Chapman has come out of the shadows to wave off astronauts at a launch pad in Kazakhstan, her first appearance at a public event since the United States deported her in July. Chapman, whose glamorous lifestyle as a spy in the United State
Published 09 Oct, 2010 12:00am
China blames climate talks impasse on rich nations

China blames climate talks impasse on rich nations

China said rich nations must vow greater cuts in greenhouse gas emissions and warned of lost trust in talks over a climate change deal, while rich countries accused Beijing of under cutting progress. Feuding on Friday over the future of a key UN treaty on
Published 09 Oct, 2010 12:00am
Two Palestinians shot dead

Two Palestinians shot dead

Two Palestinians were shot dead by Israeli troops early on Friday during an operation in the southern West Bank city of Hebron, an AFP correspondent and medical sources said. The two men, whose identities were not immediately clear, were shot dead during
Published 09 Oct, 2010 12:00am
Amnesty urges US to scrap death penalty

Amnesty urges US to scrap death penalty

Amnesty International urged an end to the use of capital punishment in the United States ahead of World Day Against The Death Penalty on Sunday. The London-based human rights group said the United States' use of the death penalty was marked by "arbitrarin
Published 09 Oct, 2010 12:00am
Nato chief eyes deeper dialogue with China, India

Nato chief eyes deeper dialogue with China, India

Nato must reach out to emerging powers such as China and India as it transforms into a 21st century guardian of international security against modern threats, Nato chief Anders Fogh Rasmussen said Friday. Rasmussen wants the 28-nation alliance to deepen r
Published 09 Oct, 2010 12:00am
North Korea plans biggest-ever parade for anniversary

North Korea plans biggest-ever parade for anniversary

North Korea will stage its biggest-ever military parade - involving 20,000 troops, missiles, tanks and other weaponry - to mark a ruling party anniversary this weekend, a report said Friday. South Korea's Yonhap news agency, quoting sources, said Sunday's
Published 09 Oct, 2010 12:00am
Dutch Prime Minister-elect forms government

Dutch Prime Minister-elect forms government

Dutch Prime Minister-elect Mark Rutte on Friday started work to forge a new rightist, minority government that will rely heavily on the support of anti-Islam MP Geert Wilders. With Wilders support expected to come at the cost of a burqa ban and a halving
Published 09 Oct, 2010 12:00am
UK's Labour names Johnson as finance spokesman

UK's Labour names Johnson as finance spokesman

Britain's opposition Labour Party leader Ed Miliband sprang a surprise on Friday when he named former interior minister Alan Johnson as spokesman on finance, the main political battleground with the coalition government. Johnson, who is 60 and worked as a
Published 09 Oct, 2010 12:00am
'Middle East peace talks going nowhere'

'Middle East peace talks going nowhere'

Peace talks between Israel and the Palestinians are not bearing fruit, but Arab leaders are not yet ready to recommend abandoning them, Arab League Secretary-General Amr Moussa said on Friday. He said Arab foreign ministers meeting in the Libyan town of S
Published 09 Oct, 2010 12:00am
LCCI chief awards gold medal to Khamis Saeed

LCCI chief awards gold medal to Khamis Saeed

Lahore Chamber of Commerce & Industry (LCCI) President Shahzad Ali Malik has awarded gold medal and achievement trophy to former LCCI Executive Committee Member and senior member of All Pakistan Paper Merchants Association and Businessmen Group (BMG) Lead
Published 09 Oct, 2010 12:00am
Transfers, postings of judges

Transfers, postings of judges

The Chief Justice and Judges of High Court of Sindh have ordered the following transfers and postings of Senior Civil judges, with immediate effect, in the public interest.
Published 09 Oct, 2010 12:00am
Two bills moved in Balochistan Assembly

Two bills moved in Balochistan Assembly

Two bills on Balochistan Investigation and Anti-Corruption and Societies Registration (Balochistan Amendment) respectively were moved in the Balochistan Assembly session on Friday. Speaker Muhammad Aslam Bhootani presided over the session. Minister for Ir
Published 09 Oct, 2010 12:00am
New York cotton settles at highest level in 15 years

New York cotton settles at highest level in 15 years

Cotton futures settled on Friday at its highest level in 15 years on investment fund and Chinese mill buying combined with a bullish US government crop report. Values may push past the all-time record in the days ahead, analysts said.
Published 09 Oct, 2010 12:00am
New York sugar soars

New York sugar soars

Raw sugar futures soared nearly 8 percent on Thursday on investment fund buying sparked by a weak dollar, but arabicas fizzled and cocoa slipped on late technical pressure in the softs complex. New York's key March raw sugar futures climbed 1.62 cents, or
Published 09 Oct, 2010 12:00am
Malaysian palm oil off 26-month top

Malaysian palm oil off 26-month top

Malaysian palm oil ended off a 26-month high and other vegetable oil markets edged higher as traders bet China would start to restock after the long holidays at a time of possible tight global supplies. But some traders turned cautious later in the sessio
Published 09 Oct, 2010 12:00am
US copper plummets

US copper plummets

US copper futures finished sharply lower on Thursday as a resurgent dollar prompted profit-taking from two-year peaks, as some feared jobs data the next day may lessen the chance of further quantitative easing. Copper for December delivery closed 7.35 cen
Published 09 Oct, 2010 12:00am
Shanghai copper steadies

Shanghai copper steadies

Shanghai copper futures were steady on Friday following a week-long holiday, during which London copper surged to its highest in more than two years. Benchmark third-month Shanghai copper ended the day at 60,610 yuan a tonne from 60,600 yuan at the close
Published 09 Oct, 2010 12:00am
Base metals rally

Base metals rally

Industrial metals rallied on Friday, with copper hitting its highest in over two years for a third straight day as a surprise fall in US jobs strengthened talk of fresh moves to boost the world's biggest economy. Benchmark copper jumped to $8,349.50 a ton
Published 09 Oct, 2010 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Tokyo rubber futures ended lower on Friday, weighed down by the strength in the Japanese yen and weaker oil prices, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery dropped 1.6 yen to settle at 322.7 yen ($3.9
Published 09 Oct, 2010 12:00am
US soyabeans rise

US soyabeans rise

Soyabean futures on the Chicago Board of Trade ended modestly higher on Thursday on strong export demand and position-squaring a day ahead of a monthly US government crop report, traders said. Spillover strength from corn adds support.
Published 09 Oct, 2010 12:00am
Liffe sugar sets eight-month peak

Liffe sugar sets eight-month peak

Liffe front-month, December white sugar ended $27.80 higher at $677.60 per tonne on Friday after earlier setting a 8-month high for the front month of $686.40 a tonne. Market buoyed by fund buying and tight supplies. Liffe second-month March cocoa ended 3
Published 09 Oct, 2010 12:00am
Oil up, posts third straight weekly rise

Oil up, posts third straight weekly rise

Oil prices rose on Friday, posting a third straight weekly rise as investors bet that a weaker-than-expected US jobs report bolstered the case for more monetary easing by the Federal Reserve that would keep pressure on the dollar.
Published 09 Oct, 2010 12:00am
US gold down

US gold down

US gold futures ended 1 percent lower on Thursday, retreating sharply from record highs as better-than-expected US jobless claims data and a resurgent dollar prompted investors to take profits ahead of Friday's jobs report. COMEX December gold futures set
Published 09 Oct, 2010 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold was steady on Friday, after staging its biggest daily loss in two months in the previous session triggered by a rebound in the dollar, as the market awaits a key US payrolls data for indications on the state of the economy. Spot gold was little
Published 09 Oct, 2010 12:00am
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