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Print - 2010-10-14
FOB Gulf corn, soyabean offers mostly steady to weaker

FOB Gulf corn, soyabean offers mostly steady to weaker

Corn export premiums at the US Gulf Coast were mostly steady to weaker on Tuesday, pressured by easing CIF barge values and a slowdown in demand following a sharp jump in prices, traders said. US corn futures on the Chicago Board of Trade have rallied abo
Published 14 Oct, 2010 12:00am
China to lift minimum wheat purchase prices

China to lift minimum wheat purchase prices

China will increase the minimum purchase prices for wheat in 2011, the country's economic planner said on Tuesday. Prices for white, red and mixed wheat would rise by 100 yuan, 140 yuan and 140 yuan per tonne, respectively, said the National Development a
Published 14 Oct, 2010 12:00am
Kenya to double grain reserves after poor forecast

Kenya to double grain reserves after poor forecast

Kenya plans to double grain reserves as a buffer against any shortages next year, following forecasts that the country would receive less rainfall, which could harm output, a government official said on Tuesday. Meteorologists said last month rainfall dur
Published 14 Oct, 2010 12:00am
Oil cake market rates

Oil cake market rates

Steadier trend was witnessed on the forward cottonseed oilcake market as rates stayed put, dealers said. The December vaida that closed at Rs 1136.50 commenced the day with no change at the same rate, dealers said.
Published 14 Oct, 2010 12:00am
Chemicals end high on Judia Bazar

Chemicals end high on Judia Bazar

The trading in chemical items closed higher on Jodia Bazar here on Wednesday. The following changes were noted.
Published 14 Oct, 2010 12:00am
Grams prices mixed on grain market

Grams prices mixed on grain market

Grams rates moved both ways on the wholesale grain and seed market on Wednesday, dealers said. On the grams side, grams Australia low type gained Rs 200 to Rs 4950 and best type picked up Rs 150 to Rs 5150. Gram 50x50 low type rose Rs 100 to Rs 5300 while
Published 14 Oct, 2010 12:00am
South East Asian Markets: Malaysia sets 33-month high

South East Asian Markets: Malaysia sets 33-month high

Southeast Asian stock markets gained on Wednesday amid expectations of fresh US economic stimulus, with rising crude oil prices swelling demand for heavily weighted commodity shares across the region. Share markets recouped recent losses as growing risk a
Published 14 Oct, 2010 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks closed 0.2 percent higher on Wednesday, with chip stocks little changed despite a strong outlook from Intel Corp and defensive sectors such as department stores gaining. The main TAIEX share index ended up 16.44 points at 8,106.66. The semic
Published 14 Oct, 2010 12:00am
Indian shares post best gain in five months

Indian shares post best gain in five months

Continued foreign fund inflows propelled Indian shares to post their best single-day gains in five months and close 2.4 percent higher on Wednesday, with firm world equities also supporting the bullish sentiment. Outsourcers gained on expectations of stro
Published 14 Oct, 2010 12:00am
Apple stock breaks $300 for first time

Apple stock breaks $300 for first time

Apple Inc's shares cruised past $300 for the first time on Wednesday, as investors anticipated another strong earnings report from the iPhone maker next week. Apple's stock rose as high as $301.96, another all-time record, in morning trading on the Nasdaq
Published 14 Oct, 2010 12:00am
Apple stock breaks $300 for first time

Apple stock breaks $300 for first time

Apple Inc's shares cruised past $300 for the first time on Wednesday, as investors anticipated another strong earnings report from the iPhone maker next week. Apple's stock rose as high as $301.96, another all-time record, in morning trading on the Nasdaq
Published 14 Oct, 2010 12:00am
Wednesday's early afternoon trade: stocks climb

Wednesday's early afternoon trade: stocks climb

US stocks rose on Wednesday as stronger-than-expected earnings and upbeat data from China helped fuel optimism about a recovery. The rally marked the fourth day of gains for the S&P 500, which is up 12.5 percent since September 1, and underscored the view
Published 14 Oct, 2010 12:00am
US stocks jump

US stocks jump

US stocks hit fresh 5-month highs on Tuesday as details from the Fed's latest meeting showed the US central bank may once again flood markets with cheap cash "before long" to further boost growth. The minutes from the Federal Reserve's September 21 meetin
Published 14 Oct, 2010 12:00am
European CDS tighter

European CDS tighter

European corporate credit default swap spreads edged tighter Wednesday, underpinned by growing hopes the US Federal Reserve will embark on more quantitative easing measures. By 0645 GMT, the investment-grade Markit iTraxx Europe index was at 100.5 basis p
Published 14 Oct, 2010 12:00am
European CDS tighter

European CDS tighter

European corporate credit default swap spreads edged tighter Wednesday, underpinned by growing hopes the US Federal Reserve will embark on more quantitative easing measures. By 0645 GMT, the investment-grade Markit iTraxx Europe index was at 100.5 basis p
Published 14 Oct, 2010 12:00am
Treasuries fall

Treasuries fall

US Treasury debt prices eased on Tuesday after lacklustre demand in an auction of three-year notes spurred some worries over the potential success of remaining debt auctions this week. Losses were limited, however, as minutes from the Federal Reserve's la
Published 14 Oct, 2010 12:00am
Treasuries fall

Treasuries fall

US Treasury debt prices eased on Tuesday after lacklustre demand in an auction of three-year notes spurred some worries over the potential success of remaining debt auctions this week. Losses were limited, however, as minutes from the Federal Reserve's la
Published 14 Oct, 2010 12:00am
Nikkei inches up

Nikkei inches up

Japan's Nikkei average inched up 0.2 percent on Wednesday as an advance in US stocks and upbeat forecasts by Intel Corp brightened sentiment and prompted short-covering. But investors were reluctant to chase the Nikkei aggressively higher as the yen lurke
Published 14 Oct, 2010 12:00am
European shares climb

European shares climb

European shares hit a three-week closing high on Wednesday, driven by strong US company results and growing expectations of fresh economic stimulus, with miners topping the risers on hopes of improving raw materials demand. The FTSEurofirst 300 index of t
Published 14 Oct, 2010 12:00am
Hong Kong shares at 28-month high

Hong Kong shares at 28-month high

The property sector was firmly in focus on Wednesday, rising sharply in Shanghai on stabilising profits while Hong Kong shares hit a fresh 28-month high as developers recouped earlier losses. The Hang Seng Index recovered sharply from its losses at midday
Published 14 Oct, 2010 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares rose on Wednesday with Intel Corp's upbeat fourth-quarter earnings outlook boosting technology stocks including Hynix Semiconductor Inc, but POSCO declined after weak quarterly results. The Korea Composite Stock Price Index ended up 0.43 perc
Published 14 Oct, 2010 12:00am
FTSE hits five-month high

FTSE hits five-month high

Strong miners helped drive Britain's top share index to a more than five-month closing high on Wednesday, boosted by firmer metals prices and hopes for fresh economic stimulus in the United States. The FTSE 100 index ended up 85.76 points, or 1.5 percent,
Published 14 Oct, 2010 12:00am
Euro rates higher

Euro rates higher

Interbank euro lending rates nudged higher on Wednesday as banks increased their demand for cash at the beginning of the new European Central Bank reserve maintenance period, pushing up overnight borrowing costs. The cost of funding jumped higher after ba
Published 14 Oct, 2010 12:00am
Euro climbs in Asia

Euro climbs in Asia

The dollar came under broad selling pressure on Wednesday, with investors emboldened to test key lows against the euro, the Swiss franc and a basket of currencies as more signs emerged pointing to US policy easing. The euro looked set for a challenge of $
Published 14 Oct, 2010 12:00am
Dollar under pressure in London

Dollar under pressure in London

The dollar came under broad selling pressure on Wednesday, with investors pushing it towards key lows against the euro, the Swiss franc and a basket of currencies on more signs pointing to US monetary easing. The euro hit $1.40 in European trade and looke
Published 14 Oct, 2010 12:00am
Mid-afternoon trade: dollar falls versus majors

Mid-afternoon trade: dollar falls versus majors

The US dollar fell against most currencies on Wednesday after Federal Reserve meeting minutes released the previous day reinforced expectations of more monetary easing in the United States. The euro had earlier risen above $1.40 but failed again to hold a
Published 14 Oct, 2010 12:00am
Dollar drops versus euro in New York

Dollar drops versus euro in New York

The euro rallied sharply against the dollar on Tuesday after minutes from the Federal Reserve's latest meeting showed members felt further monetary easing could be appropriate before long. The Fed's comments were in sharp contrast to those from European C
Published 14 Oct, 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 Wednesday. 70.15/70.30 (previous 70.15/70.30). Call Money Rates: 4.00-6.25 percent (previous 3.75-6.30 percent).
Published 14 Oct, 2010 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian and New Zealand dollars were firm on Wednesday near recent peaks but struggled to tear higher as buyers, wary of stretching a recent rally too far, took a breather. The Australian dollar was strong at $0.9850, up from around $0.9800 seen la
Published 14 Oct, 2010 12:00am
Indian rupee rallies

Indian rupee rallies

The Indian rupee climbed on Wednesday, a day after hitting a one-week low, supported by the euro's gains against the dollar and higher domestic shares. The rise, however, was tempered on market talk state oil refiners, the country's biggest crude importer
Published 14 Oct, 2010 12:00am
Swiss franc at new all-time high

Swiss franc at new all-time high

The Swiss franc hit a fresh all-time high against the dollar on Wednesday after minutes from the US Federal Reserve's latest meeting, released Tuesday, hinted at further monetary easing, weakening the greenback. The franc traded down 0.2 percent against t
Published 14 Oct, 2010 12:00am
Baht at 13-year high

Baht at 13-year high

The South Korean won led gains in Asian currencies against the dollar on Wednesday after Federal Reserve minutes supported expectations of further quantitative easing. The won found further support after Japanese Finance Minister Yoshihiko Noda said South
Published 14 Oct, 2010 12:00am
Sterling at five-month low versus euro

Sterling at five-month low versus euro

Sterling hit a five-month low against the euro on Wednesday as weak UK consumer confidence data and a mixed employment report reinforced concerns about the UK's economic recovery. Data showed the number of Britons claiming jobless benefits last month risi
Published 14 Oct, 2010 12:00am
Yuan moves up

Yuan moves up

Spot yuan closed up against the dollar on Wednesday as the People's Bank of China (PBOC) set a record high mid-point, while a surge in foreign exchange reserves and exports underscored continuing pressure for the Chinese currency to appreciate. China's st
Published 14 Oct, 2010 12:00am
Court clears way for Liverpool sale

Court clears way for Liverpool sale

Liverpool owners George Gillett and Tom Hicks lost a legal bid to block the sale of the club here Wednesday, clearing the way for a take-over of the English football giants. London's High Court granted injunctions brought by the club's major creditors, th
Published 14 Oct, 2010 12:00am
ICC Board agrees on key actions to maintain cricket's integrity

ICC Board agrees on key actions to maintain cricket's integrity

The ICC Board, which re-affirmed its zero-tolerance approach to corruption in cricket, will work with the Pakistan Cricket Board (PCB) through an enhanced role for the Pakistan Task Team in order to protect the integrity of the game and restore confidence
Published 14 Oct, 2010 12:00am
Indian race walker Rani Yadav suspended

Indian race walker Rani Yadav suspended

Indian race walker Rani Yadav has tested positive for a banned steroid and has been provisionally suspended from the Commonwealth Games, the Games Federation (CGF) said on Wednesday. The 20-year-old, who finished sixth in the women's 20 km walk last Satur
Published 14 Oct, 2010 12:00am
HBFC thrash Lahore Green in Veterans Cricket League

HBFC thrash Lahore Green in Veterans Cricket League

HBFC outclassed Lahore Green by nine wickets in the IInd League match of Second SPM Lahore Veterans Cricket League at Ali Garh Ground Model Town Lahore. Lahore Green was bundled out for 132 in 25.3 overs with Ahsan Dawood 35, skipper Ijaz Butt 20, Nadeem
Published 14 Oct, 2010 12:00am
Workshop take Railways Weightlifting title

Workshop take Railways Weightlifting title

Workshop Division collected handsome 77 points to win Railways Divisional Weightlifting Championship at Railway Stadium. Lahore secured second spot with 51 points, followed by Railway Police with 36 points. The final of event, held under Pakistan Railways
Published 14 Oct, 2010 12:00am
SBP team to play in Quaid-e-Azam Cricket Trophy after 27 years

SBP team to play in Quaid-e-Azam Cricket Trophy after 27 years

State Bank's cricket team will participate in Quaid-e-Azam Cricket Trophy after 27 years. The Quaid-e-Azam Trophy is scheduled to commence at eleven centres from October 23, 2010. A twenty-member SBP cricket team has been selected for participation in the
Published 14 Oct, 2010 12:00am
Ruthless India demolish Australia

Ruthless India demolish Australia

Debutant Cheteshwar Pujara proved an unlikely hero as India thrashed Australia by seven wickets in the second and final Test on Wednesday to sweep the series 2-0. Pujara hit a fluent 72 as the hosts, set 207 runs to win on a wearing wicket, cruised home s
Published 14 Oct, 2010 12:00am
Opec set for no change to output as price holds

Opec set for no change to output as price holds

Opec's expected no-change decision this week will mask debate over reserves rivalry and whether the group will next year adjust policy to accommodate new Iraqi supplies or add oil to calm a dollar-driven price rally. Ecuador's oil minister, holder of Opec
Published 14 Oct, 2010 12:00am
US home refinancing demand jumps

US home refinancing demand jumps

US mortgage applications for home refinancing loans rose for the first time in six weeks, with demand jumping to its highest level since late August as homeowners reacted to record low interest rates, data from an industry group showed on Wednesday.
Published 14 Oct, 2010 12:00am
J.P Morgan profit jumps

J.P Morgan profit jumps

J.P. Morgan Chase & Co posted a 23 percent increase in quarterly profit as a stabilising labour market helped ease losses on consumer loans. The bank's shares edged lower as its loan books shrank and investment banking profits fell, raising questions abou
Published 14 Oct, 2010 12:00am
J.P Morgan profit jumps

J.P Morgan profit jumps

J.P. Morgan Chase & Co posted a 23 percent increase in quarterly profit as a stabilising labour market helped ease losses on consumer loans. The bank's shares edged lower as its loan books shrank and investment banking profits fell, raising questions abou
Published 14 Oct, 2010 12:00am
US states probe mortgage industry practices

US states probe mortgage industry practices

All 50 US states launched a joint investigation of the mortgage industry on Wednesday, a move some experts fear will cause uncertainty and threaten the recovery of the fragile housing market. The state attorneys general are looking at allegations some ban
Published 14 Oct, 2010 12:00am
French strikes block most oil refineries, some depots

French strikes block most oil refineries, some depots

French workers protesting against pension reform said they had halted supplies from most of the country's oil refineries on Wednesday and were also blocking some fuel depots as the risk grew of shortages at petrol pumps.
Published 14 Oct, 2010 12:00am
British bank Lloyds cuts 4,500 jobs

British bank Lloyds cuts 4,500 jobs

Britain's state-rescued Lloyds Banking Group said Wednesday that it will axe another 4,500 jobs, including 1,750 posts abroad, as the crisis-hit lender continues its painful restructuring. "The group will be reducing the number of roles in group IT and op
Published 14 Oct, 2010 12:00am
Bangladesh port strike hits garment exports; army to be deployed

Bangladesh port strike hits garment exports; army to be deployed

Bangladesh said Wednesday it would deploy the army at the country's main seaport to keep cargo moving after days of strikes by dock workers hit crucial garment shipments. Workers at the southern Chittagong sea port have been on strike since Monday.
Published 14 Oct, 2010 12:00am
Russia to stay out of 'currency wars'

Russia to stay out of 'currency wars'

Russia will stay out of any "currency wars" between states seeking to boost exports, the central bank said Wednesday, amid growing concern over moves by top economies to devalue their currencies. "The Russian Central Bank is not participating in 'currency
Published 14 Oct, 2010 12:00am
Japan questions South Korea G20 leadership over foreign exchange

Japan questions South Korea G20 leadership over foreign exchange

Japan called into question on Wednesday South Korea's leadership of the Group of 20 nations forum because of Seoul's interventions to stem the won's rise and insisted its own currency action was qualitatively different. The remarks by Japan's finance mini
Published 14 Oct, 2010 12:00am
UK banks propose $2.38 billion growth fund

UK banks propose $2.38 billion growth fund

A taskforce of six major British banks has unveiled a 1.5 billion pounds ($2.38 billion) business growth fund to kick-start funding to small businesses in the wake of a sharp downturn in business lending after the credit crisis.
Published 14 Oct, 2010 12:00am
UK banks propose $2.38 billion growth fund

UK banks propose $2.38 billion growth fund

A taskforce of six major British banks has unveiled a 1.5 billion pounds ($2.38 billion) business growth fund to kick-start funding to small businesses in the wake of a sharp downturn in business lending after the credit crisis.
Published 14 Oct, 2010 12:00am
UK government moves to sell off Royal Mail

UK government moves to sell off Royal Mail

The British government began moves on Wednesday to sell off upto 90 percent of state-owned letters delivery business Royal Mail, with the remaining stake reserved for the company's staff. Introducing a bill to parliament, the government said it would take
Published 14 Oct, 2010 12:00am
Airlines want 20 percent export financing cap

Airlines want 20 percent export financing cap

Leading airlines have called on Europe and the United States to cap export credits on the sale of passenger jets at 20 percent in the latest ripple of a growing spat over multi-billion-dollar subsidies. US and European airlines say their Gulf rivals get s
Published 14 Oct, 2010 12:00am
China's forex reserves soar, trade surplus hefty

China's forex reserves soar, trade surplus hefty

China's foreign exchange reserves soared in the third quarter and its trade surplus remained hefty, showing that the country is under both economic and political pressure to let the yuan rise more quickly. China's stockpile of currency reserves, already t
Published 14 Oct, 2010 12:00am
British author Howard wins Booker Prize

British author Howard wins Booker Prize

British author Howard Jacobson was named the surprise winner of this year's prestigious Booker Prize for literature for his comic novel about love, loss and Jewishness. Jacobson's work "The Finkler Question" defied the odds Tuesday to pick up the award an
Published 14 Oct, 2010 12:00am
Clinton pushes Kosovo to start talks with Serbia soon

Clinton pushes Kosovo to start talks with Serbia soon

US Secretary of State Hillary Clinton pressed Kosovo leaders on Wednesday to start talks with Serbia as soon as possible despite a political crisis over the president's recent resignation.
Published 14 Oct, 2010 12:00am
Afghan Taliban say not talking to government

Afghan Taliban say not talking to government

The Afghan Taliban said on Wednesday they were not talking to President Hamid Karzai's government, rejecting recent media reports the two sides were in secret negotiations to end a war now in its 10th year. Taliban spokesman Zabihullah Mujahid also repeat
Published 14 Oct, 2010 12:00am
PLO wants map from US with future Israeli border

PLO wants map from US with future Israeli border

The Palestinians are seeking a map from the United States showing where Israel sees its final borders and making clear whether they include Palestinian land and homes, an official said on Wednesday.
Published 14 Oct, 2010 12:00am
Facebook tightens security for members on the move

Facebook tightens security for members on the move

US Facebook fans inclined to connect with the leading social networking site while out and about have a couple of new security tools at their disposal. A "one-time password" feature being rolled out on Wednesday lets people avoid typing in their permanent
Published 14 Oct, 2010 12:00am
European bid to freeze deepwater drilling collapses

European bid to freeze deepwater drilling collapses

A bid to freeze deepwater drilling in Europe in the wake of the Gulf of Mexico disaster collapsed Wednesday under pressure from the multi-billion North Sea oil industry. European Union Energy Commissioner Guenther Oettinger announced moves to tighten the
Published 14 Oct, 2010 12:00am
Kyrgyz parties agree vote recount after protests

Kyrgyz parties agree vote recount after protests

The five political parties that won seats in Kyrgyzstan's new parliament have agreed to a vote recount, a party official said on Wednesday, after concerns about irregularities and protests from losing party supporters.
Published 14 Oct, 2010 12:00am
Britain, Russia urge thaw after deep freeze in ties

Britain, Russia urge thaw after deep freeze in ties

Britain and Russia said on Wednesday they hoped for a thaw in frosty relations despite persistent disagreement over the murder of a Kremlin critic in London with a rare radioactive isotope. Ties between the two countries fell to a post-Cold War low after
Published 14 Oct, 2010 12:00am
Nepalese Gurkha soldiers lose British pension fight

Nepalese Gurkha soldiers lose British pension fight

Nepalese Gurkha veterans on Wednesday lost the latest round of their legal battle in London with the Ministry of Defence over their British army pensions. A test case, which would affect some 25,000 veterans, is seeking equal pension payments with soldier
Published 14 Oct, 2010 12:00am
First Gitmo detainee criminal trial begins in New York

First Gitmo detainee criminal trial begins in New York

The first criminal trial of a terrorism suspect from Guantanamo Bay began on Tuesday with prosecutors calling him a militant while the defence said he was a naive associate of extremists who bombed US embassies.
Published 14 Oct, 2010 12:00am
Visit is 'provocative': US

Visit is 'provocative': US

The White House said on Wednesday that Iranian President Mahmoud Ahmadinejad's visit to Lebanon showed he was continuing his "provocative ways" while leading his country to economic distress and international sanctions.
Published 14 Oct, 2010 12:00am
Iran to stand by Lebanon against Israeli hostility: Ahmadinejad

Iran to stand by Lebanon against Israeli hostility: Ahmadinejad

President Mahmoud Ahmadinejad used his visit to Lebanon on Wednesday to assure the government that Iran would stand by Beirut in confronting what he called hostilities from neighbouring Israel. Ahmadinejad, making the first official state visit by an Iran
Published 14 Oct, 2010 12:00am
Thai rice exports hang on baht, India

Thai rice exports hang on baht, India

Thailand, the world's biggest rice exporter, could export at least 8.5 million tonnes of rice in 2011 as demand is expected to remain strong, the Thai Rice Exporters Association said on Wednesday. However, that may depend on whether India resumes exports,
Published 14 Oct, 2010 12:00am
US copper flat

US copper flat

US copper futures finished flat on Tuesday, then rose after hours when meeting minutes showed the Federal Reserve moving toward an easier money policy, boosting the euro and US equities, and lending a positive tone to the red metal, traders said. Copper f
Published 14 Oct, 2010 12:00am
Shanghai copper up

Shanghai copper up

Benchmark third-month Shanghai copper rose 1 percent to 62,780 yuan on Wednesday. COMEX hit 383.85 cents per lb ($8,447 a tonne). Benchmark third-month Shanghai zinc rose to 19,220 yuan per tonne in early trade, up from 18,730 yuan at the previous close.
Published 14 Oct, 2010 12:00am
Copper rises to 27-month high

Copper rises to 27-month high

Copper rallied on Wednesday to a 27-month top, on expectations of renewed liquidity measures in the United States, the world's largest economy. Tin hit a record high, and battery material lead hit its highest since January. Benchmark copper prices hit a s
Published 14 Oct, 2010 12:00am
US soyabeans rise

US soyabeans rise

Soyabean futures on the Chicago Board of Trade rose for a fourth day on Tuesday on tight US supplies and expectations of strong demand, along with spillover strength from corn, traders said. Talk that China was seeking US soyabeans added support. However,
Published 14 Oct, 2010 12:00am
China soyaoil off 25-month high

China soyaoil off 25-month high

Soyaoil futures in China ended off 25-month highs hit earlier on Wednesday on news that the government will release vegetable oil reserves next week to rein in the recent run-up in prices. The most-active May 2011 soyaoil contract on the Dalian Commodity
Published 14 Oct, 2010 12:00am
Shanghai rubber futures hit all-time high

Shanghai rubber futures hit all-time high

Shanghai rubber futures struck an all-time high above 30,000 yuan a tonne on Wednesday on fund buying driven by a rising Chinese currency and worries about falling domestic output. The most active March contract jumped as high as 30,670 yuan a tonne in he
Published 14 Oct, 2010 12:00am
New York sugar and arabica leap

New York sugar and arabica leap

Sugar futures sprang up from negative territory and closed at eight-month highs on Tuesday, with raws extending a four-day rally to the highest level since July 2008 on the coattails of the US corn market. Arabica coffee also rallied while cocoa finished
Published 14 Oct, 2010 12:00am
Liffe sugar jumps, cocoa dips

Liffe sugar jumps, cocoa dips

Liffe front-month, December white sugar ended $3.40 higher at $701.10 per tonne on Wednesday after hitting an 8-month high for the front month of $708.60 a tonne. Market supported by tight supplies, Brazil port congestion and a soft dollar.
Published 14 Oct, 2010 12:00am
Oil rises above $83

Oil rises above $83

Oil prices rose above $83 a barrel on Wednesday as the dollar slumped amid reinforced expectations of more monetary easing by the US central bank and on news that China's crude imports jumped in September. The US dollar fell against most currencies, a day
Published 14 Oct, 2010 12:00am
US gold falls

US gold falls

Gold fell on Tuesday as uncertainty over what the US Federal Reserve will do to stimulate growth prompted investors to take profits, even as a Fed statement showed the struggling economy might need help soon. The metal was pressured on Tuesday as top Fed
Published 14 Oct, 2010 12:00am
Gold strengthens in Asia

Gold strengthens in Asia

Gold strengthened on Wednesday, supported by weakness in the dollar, after the minutes of a Federal Reserve meeting showed monetary easing might be needed soon, while palladium rose to its highest level in a week. Spot gold rose 0.4 percent to $1,355.45 a
Published 14 Oct, 2010 12:00am
Gold surges to record high near $1,375 in Europe

Gold surges to record high near $1,375 in Europe

Gold surged to a record high near $1,375 an ounce on Wednesday and silver hit a 30-year peak after the Federal Reserve signalled the US economy may need extra stimulus, which hit the dollar. Gold prices have rallied around 25 percent so far this year as i
Published 14 Oct, 2010 12:00am
US MIDDAY: sugar climbs

US MIDDAY: sugar climbs

Sugar hit a fresh eight-month high on Wednesday before easing, while coffee and ICE cocoa traded higher, supported by the weaker dollar. Benchmark March raw sugar futures on ICE hit an eight-month high of 28.04 cents a lb on Wednesday before easing to tra
Published 14 Oct, 2010 12:00am
US MIDDAY: corn weak; soya and wheat up

US MIDDAY: corn weak; soya and wheat up

Corn futures edged lower in early trading at Chicago Board of Trade on Wednesday, snapping a streak of four straight days of gains as traders locked in profits from the rally that pushed prices to their highest level in more than two years. Soyabean futur
Published 14 Oct, 2010 12:00am
US MIDDAY: copper at 27-month top

US MIDDAY: copper at 27-month top

US copper futures ended up at a fresh 27-month peak on Wednesday, buoyed by expectations for further monetary easing by the Federal Reserve and the bearish impact it continues to have on the US dollar. Copper for December delivery rose 3.10 cents to settl
Published 14 Oct, 2010 12:00am
US MIDDAY: gold up two percent

US MIDDAY: gold up two percent

US gold futures ended nearly 2 percent up on Wednesday, resuming a record-breaking rally on worries over dollar depreciation after the Federal Reserve signalled it stood ready to pour additional money to stimulate economic growth. COMEX December gold futu
Published 14 Oct, 2010 12:00am
Khyber Pakhtunkhwa PSC calls for adopting uniform medium of instruction

Khyber Pakhtunkhwa PSC calls for adopting uniform medium of instruction

Public Service Commission, Khyber Pakhtunkhwa has called for adopting a uniform medium of instruction in public and private schools and colleges with one set of books and syllabus so as to provide opportunities to the educated youth who could compete for
Published 14 Oct, 2010 12:00am
'Government committed to bringing criminals to justice'

'Government committed to bringing criminals to justice'

The government is committed to bring all the culprits of heinous crime like rape, torture and murder to justice. This was stated by the Federal Minister for Minorities Affairs, Shahbaz Bhatti, on Wednesday while delivering a cheque of Rs 5 lac to Nasreen
Published 14 Oct, 2010 12:00am
Business Recorder newsagent passes away

Business Recorder newsagent passes away

Malik Muhammad Taj, a news-agent of Daily Business Recorder and many other newspapers passed away on Wednesday morning at the age of 85. He had been the newsagent of Business Recorder since the start of the newspaper. Taj left behind his wif
Published 14 Oct, 2010 12:00am
Private clinics Peshawar doctors call off strike

Private clinics Peshawar doctors call off strike

Protesting doctors of the provincial metropolis Wednesday called off their strike in private clinics wherein alternative arrangements would be made for provision of medical services to poor patients. On the call of the Provincial Doctors' Association (PDA
Published 14 Oct, 2010 12:00am
Alleged cartelisation: CCP issues show-cause notice to PJMA

Alleged cartelisation: CCP issues show-cause notice to PJMA

The Competition Commission of Pakistan (CCP) has issued show-cause notice to Pakistan Jute Mills Association (PJMA) for alleged cartelisation in supply of gunny bags to various government departments, including Pakistan Agriculture Storage & Supply Corpor
Published 14 Oct, 2010 12:00am
Wah engineering becomes: HEC recognised college

Wah engineering becomes: HEC recognised college

Wah Engineering College (WEC) is a constituent college of University of Wah and has been recognised by HEC/chartered by the Government of Punjab. The WEC has a unique status due to its location in the hub of industrial complex, which enables the students
Published 14 Oct, 2010 12:00am
Irsa will meet tomorrow to resolve water issue

Irsa will meet tomorrow to resolve water issue

The Indus River System Authority (Irsa) is to meet on Friday (tomorrow) to resolve water distribution issues between Punjab and Sindh, well-informed sources told Business Recorder. On September 30, 2010, the meeting of the authority remained inconc
Published 14 Oct, 2010 12:00am
AIOU to train over 40,000 tutors

AIOU to train over 40,000 tutors

Allama Iqbal Open University (AIOU) will train over 40,000 teachers across the country under its training programme being launched on October 15. The programme will be arranged by Directorate of Quality Enhancement in collaboration of Intel Education Init
Published 14 Oct, 2010 12:00am
AOGC sets up medical camps for flood survivors

AOGC sets up medical camps for flood survivors

Assemblies of God Church (AOGC), a Peshawar based humanitarian organisation in collaboration with a German funded organisation on Wednesday set up medical camps in different parts of floods-affected areas. More than 500 patients were examined out of which
Published 14 Oct, 2010 12:00am
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