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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-11-03
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 03 Nov, 2010 12:00am
Energy needs: Zardari for out-of-box solution

Energy needs: Zardari for out-of-box solution

President Asif Ali Zardari on Tuesday presided over a number of meetings and briefings on various development projects at Bilawal House advising the government to step up the projects so that maximum benefit could be provided to people.
Published 03 Nov, 2010 12:00am
US wheat futures fall

US wheat futures fall

US wheat futures fell sharply on Monday as traders locked in profits after prices rose to their highest level in three weeks early in the trading session. Weakness hit the wheat market after corn prices dipped, a trader on the floor of the Chicago Board o
Published 03 Nov, 2010 12:00am
US corn futures end lower

US corn futures end lower

US corn futures closed lower on Monday as profit-taking weighs after the market rose to 26-month highs. A sale of 10,000 corn contracts electronically broke the market down from the day's highs. CBOT December down 4-3/4 cents at $5.77-1/4 a bushel. Funds
Published 03 Nov, 2010 12:00am
Canadian canola futures rise on crusher buying

Canadian canola futures rise on crusher buying

Canadian canola futures gained on Monday for the ninth time in the past 11 sessions, as crushers were active buyers due to attractive margins, traders said. Technical buying also seen with upward trend, while commercial hedges were modest. Total volume a
Published 03 Nov, 2010 12:00am
FOB Gulf wheat offers hold as Egypt, Iraq seek imports

FOB Gulf wheat offers hold as Egypt, Iraq seek imports

US wheat export premiums at the US Gulf Coast were mostly steady on Monday, with values underpinned by improved global demand for wheat amid tenders by major importers Egypt and Iraq, traders said. Egypt's GASC said it was seeking soft and/or milling whea
Published 03 Nov, 2010 12:00am
US Midwest soya bids firm interior, ease on river

US Midwest soya bids firm interior, ease on river

Soyabean spot basis bids firmed at interior points and eased at river terminals around the US Midwest on Monday while corn bids were steady to higher amid slow country sales of both commodities, grain merchants said. Farmers remained on sidelines even as
Published 03 Nov, 2010 12:00am
Prices tend lower on grain market

Prices tend lower on grain market

Falling trend was seen on the wholesales grain and seed market on Tuesday as many buyers were on the sidelines on expectations of further slide in the rates, dealers said. On the cereals side moong Punjab was lower by Rs 1000 to Rs 8,500 due to steady arr
Published 03 Nov, 2010 12:00am
Good Ivorian weather seen boosting cocoa harvest

Good Ivorian weather seen boosting cocoa harvest

Weather conditions last week in Ivory Coast's cocoa-growing regions were good for the development of pods, which will be ready for harvest through March, farmers and analysts said on Monday. Soil moisture was high thanks to frequent downpours mixing with
Published 03 Nov, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 160,950 tonnes of cargo including 127,454 tonnes of import, 33,496 tonnes of export cargo and 4,203 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Tuesday.
Published 03 Nov, 2010 12:00am
Speculative buying pushes up rates on cotton market

Speculative buying pushes up rates on cotton market

Speculative buying pushed the rates higher on the cotton market on Tuesday in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was appreciated by Rs 100 to Rs 8,300, they said. In the ready business activity came d
Published 03 Nov, 2010 12:00am
EU wheat prices down

EU wheat prices down

Wheat prices in major west European markets were weak on Monday, pushed down by a lower opening by US wheat, but a public holiday in the benchmark French market meant prices were viewed as nominal by some traders. The Paris market was open despite the Fre
Published 03 Nov, 2010 12:00am
Brazil's president eyes austerity on way out

Brazil's president eyes austerity on way out

Brazil's President Luiz Inacio Lula da Silva could implement unpopular economic measures in his final two months to ensure a smoother start for his elected successor in January, Folha de Sao Paulo said on Tuesday. The daily newspaper said Lula and Preside
Published 03 Nov, 2010 12:00am
Irish consumer sentiment at 17-month low

Irish consumer sentiment at 17-month low

Irish consumer sentiment fell for the fourth month in a row in October due to fears about looming spending cuts and tax hikes, a study showed on Tuesday. Concerns about the country's battered public finances, saddled with a bill of up to 50 billion euros
Published 03 Nov, 2010 12:00am
Putin offers Renault-Nissan control of AvtoVAZ

Putin offers Renault-Nissan control of AvtoVAZ

Prime Minister Vladimir Putin on Tuesday offered auto alliance Renault-Nissan a chance to buy a controlling stake in Russian carmaker AvtoVAZ, Renault CEO Carlos Ghosn said, the RIA-Novosti news agency reported. "The prime minister said he is not against
Published 03 Nov, 2010 12:00am
NYSE Euronext profit falls

NYSE Euronext profit falls

NYSE Euronext quarterly profit dropped 12 percent on a global slowdown in share trading, but the results were better than expected and the trans-Atlantic exchange operator said it would continue its joint-venture approach to any new swaps ventures. Manage
Published 03 Nov, 2010 12:00am
China central bank chief sees big economic changes coming

China central bank chief sees big economic changes coming

China's economy may witness far-reaching changes in the next five years but progress towards capital account convertibility and internationalisation of the yuan will be gradual, central bank governor Zhou Xiaochuan said on Tuesday. In remarks to a meeting
Published 03 Nov, 2010 12:00am
Doha benefit seen in blocking protectionism

Doha benefit seen in blocking protectionism

Preventing countries from backsliding on cuts in tariffs they have undertaken unilaterally could be the biggest gain from the long-running Doha round to free up world trade, economists said on Tuesday. And the modest gains to the world economy from agreei
Published 03 Nov, 2010 12:00am
India raises rates, eyes pause in tightening

India raises rates, eyes pause in tightening

India's central bank raised interest rates for the sixth time this year on Tuesday to try to tame stubbornly high inflation but said there was little chance of another increase in the near term. The Reserve Bank of India (RBI) raised its lending and borro
Published 03 Nov, 2010 12:00am
Australia in surprise rate rise to 4.75 percent

Australia in surprise rate rise to 4.75 percent

Australia's central bank lifted interest rates in a surprise move on Tuesday, ending a six-month freeze, as it warned the economy faced a "large expansionary shock" triggered by the mining boom. The Reserve Bank of Australia (RBA) defied widespread expect
Published 03 Nov, 2010 12:00am
Japan's finance minister warns of currency risks

Japan's finance minister warns of currency risks

Exchange rate fluctuations could further damage Japan's faltering economic recovery, the finance minister warned Tuesday, voicing discomfort at the yen's rise close to a post-war high. The Japanese economy "has recently been at a standstill," Finance Mini
Published 03 Nov, 2010 12:00am
Bank of Russian newspaper tycoon raided

Bank of Russian newspaper tycoon raided

At least 20 armed Russian police officers raided a Moscow bank controlled by the billionaire owner of Britain's Independent and Evening Standard newspapers on Tuesday, his aide said. Tycoon and former KGB spy Alexander Lebedev was in the Moscow offices of
Published 03 Nov, 2010 12:00am
Pfizer reports disappointing sales

Pfizer reports disappointing sales

Pfizer Inc reported disappointing sales on Tuesday, hurt by generic competition for its Lipitor cholesterol fighter and Effexor XR depression drug as well as weak revenue in emerging markets. The last of the large US drugmakers to report third-quarter ear
Published 03 Nov, 2010 12:00am
Eurozone factories pick up pace in October

Eurozone factories pick up pace in October

Eurozone manufacturers boosted their output in October at a faster pace than previously estimated, a business survey showed on Tuesday, with Spain and Ireland both recovering while Greece continued to struggle. The Markit Eurozone Manufacturing Purchasing
Published 03 Nov, 2010 12:00am
BP ups spill cost to $40 billion, profits beat forecast

BP ups spill cost to $40 billion, profits beat forecast

BP offered investors tentative signs of recovery on Tuesday, with a modest rise in underlying profits, as it increased its estimate of the likely cost of its Gulf of Mexico oil spill to $40 billion. Stripping out one-off costs, including an additional $7.
Published 03 Nov, 2010 12:00am
French, Spanish car sales plunge in October

French, Spanish car sales plunge in October

French and Spanish car sales plunged in October as Spain continued to suffer from the end of a scrappage scheme and France's reduced subsidy was not enough to prevent a drop versus the strong sales this time last year. The subsidies launched to encourage
Published 03 Nov, 2010 12:00am
Russia GDP, fiscal, price risks: World Bank

Russia GDP, fiscal, price risks: World Bank

The World Bank cut its forecast for Russia's economic growth and warned on Tuesday of risks from inflation, pre-election spending pressures and the high level of oil prices factored into the budget. With ample banking sector liquidity and higher than prev
Published 03 Nov, 2010 12:00am
Euro Libor dips

Euro Libor dips

The interbank rate for three-month euros dipped on Tuesday for the first time in five weeks but analysts reckon it will resume edging upwards as the European Central Bank keeps its liquidity exit plans intact. The London Interbank Offered Rate for three-m
Published 03 Nov, 2010 12:00am
Dollar up in New York

Dollar up in New York

The dollar rose on Monday against the euro and yen as investors prepared for a midterm US congressional election and more monetary easing from the Federal Reserve in the days ahead. Currency traders, like their brethren across markets, have been singularl
Published 03 Nov, 2010 12:00am
Sterling plummets

Sterling plummets

Sterling fell sharply versus the euro on Tuesday after UK construction PMI data came in softer than market forecasts, and with sovereign selling putting additional pressure on the pound. Activity growth in Britain's construction sector slowed more than ex
Published 03 Nov, 2010 12:00am
Australian races up in Asia

Australian races up in Asia

The Australian dollar leapt after Australia's central bank surprised markets with a rate hike on Tuesday, leading the US dollar to give back gains in ranges that tightened ahead of the Federal Reserve's policy meeting. The Reserve Bank of Australia raised
Published 03 Nov, 2010 12:00am
Dollar falls in New York midday trade

Dollar falls in New York midday trade

The US dollar fell on Tuesday after a surprise interest rate hike from Australia and positive eurozone economic news but analysts warned of a possible rebound if the Federal Reserve disappoints markets at the end of its policy meeting on Wednesday.
Published 03 Nov, 2010 12:00am
Australian hits 28-year high

Australian hits 28-year high

The Australian dollar hit a 28-year high against the greenback on Tuesday after a surprise Australian interest rate hike, while the US currency stayed weak on expectations of fresh monetary easing. The Reserve Bank of Australia raised its cash rate by 25
Published 03 Nov, 2010 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 70.50/70.55 (previous 70.59/70.60). Call Money Rates: 4.50-5.75 percent (previous 4.00-6.00 percent).
Published 03 Nov, 2010 12:00am
Swiss franc down

Swiss franc down

The Swiss franc was set to retest the previous day's 12-week low against the euro, with the common European currency also gaining against the dollar as investors took positions ahead of the US Federal Reserve's next meeting. The franc, regarded by investo
Published 03 Nov, 2010 12:00am
Australian dollar leaps

Australian dollar leaps

The Australian dollar bounded a cent higher on Tuesday to again threaten parity with the US dollar after the Reserve Bank of Australia (RBA) surprised with a rate rise and signalled more were likely. Seconds after the RBA raised interest rates by 25 basis
Published 03 Nov, 2010 12:00am
Taiwan dollar, won lead rally

Taiwan dollar, won lead rally

The Taiwan dollar and the South Korean won led Asian currencies higher on Tuesday on expectations they will benefit if the Federal Reserve decides to buy more bonds and unleash more cheap money. Asian currencies that have underperformed over the past two
Published 03 Nov, 2010 12:00am
Yuan scores second biggest single-day rise

Yuan scores second biggest single-day rise

Spot yuan closed up on the dollar on Tuesday and scored its second biggest single-day rise since its mid-June depegging as the market remained bullish over the short-term prospect of Chinese currency appreciation.
Published 03 Nov, 2010 12:00am
APNS flays federal, provincial governments' advertisement policy

APNS flays federal, provincial governments' advertisement policy

"The APNS flayed the federal as well as provincial government's advertisement policy to release their advertisements in non-APNS publications as well as dummy newspapers due to corruption and malpractices rampart in the government advertisements," said a
Published 03 Nov, 2010 12:00am
Increasing input costs force Indus Motor to increase price

Increasing input costs force Indus Motor to increase price

In a statement issued from Indus Motor Company, it was stated that the retail prices of some Corolla variants will be increased by Rs 29,000, which translate into 2 percent increase only, while there will be no change in Altis price. Due to the unpreceden
Published 03 Nov, 2010 12:00am
Another blast occurs at railway track

Another blast occurs at railway track

A disaster was averted when a bomb exploded on a railway track four kilometres off Hyderabad Railway Station minutes before Zakariya Express was to run through there here on Tuesday morning. According to details, some outlaws had planted bombs on either s
Published 03 Nov, 2010 12:00am
All set to hold Allama Iqbal Open Golf

All set to hold Allama Iqbal Open Golf

Necessary arrangements have been finalised for holding 15th Allama Iqbal Open Golf Tournament from November 4th to 7th here at Garrison Golf Club. A large number of professionals, senior amateurs and amateurs' golfers from across the country were taking p
Published 03 Nov, 2010 12:00am
Korean Embassy provides equipment to PTF

Korean Embassy provides equipment to PTF

The Korean Embassy has provided Taekwondo equipment to the affiliated departments and associations of Pakistan Taekwondo Federation (PTF). PTF President, Iftikhar Ahmed Tabassum told APP, "we are very thankful to the Embassy for their generous contributio
Published 03 Nov, 2010 12:00am
Blackpool take first win for nearly 40 years

Blackpool take first win for nearly 40 years

Blackpool celebrated a first home win in the English top flight for nearly 40 years when they beat nine-man West Bromwich Albion 2-1 at Bloomfield Road on Monday. West Brom could have moved into fourth place in the Premier League with victory but their ho
Published 03 Nov, 2010 12:00am
Ntini retires from international cricket

Ntini retires from international cricket

South Africa fast bowler Makhaya Ntini officially announced his retirement from international cricket in a statement released Tuesday. The 33-year-old native of the Eastern Cape made the last of 101 Test appearances in December 2009 after capturing 390 Te
Published 03 Nov, 2010 12:00am
ICC not against Pakistan cricket, it's PCB: Mani

ICC not against Pakistan cricket, it's PCB: Mani

A former president of the International Cricket Council blamed Pakistan cricket authorities for the state of the game in the country and denied the ICC was picking on Pakistan. "ICC is not against Pakistan, it's Pakistan Cricket Board (PCB) which is again
Published 03 Nov, 2010 12:00am
Pakistan recall Sohail Abbas for Asian Games

Pakistan recall Sohail Abbas for Asian Games

Pakistan on Tuesday recalled penalty corner expert Sohail Abbas in their 16-man squad for this month's Asian Games in a bid to win the title for the first time in 20 years. The 35-year-old Abbas had quit international hockey in 2004 but came back for a se
Published 03 Nov, 2010 12:00am
Middle East markets: Aldar plunges after CEO quits

Middle East markets: Aldar plunges after CEO quits

Aldar Properties tumbled to a seven-week low on Tuesday after the developer's chief executive resigned, weighing on Abu Dhabi's index. Most Middle East markets fell, tracking hesitant global bourses as investors await a US Federal Reserve meeting, which i
Published 03 Nov, 2010 12:00am
Indian shares little changed

Indian shares little changed

Indian shares were little changed after the central bank raised short-term interest rates by an expected quarter-point on Tuesday and indicated a pause in the near term. Property stocks fell with DLF and Unitech shedding more than 3 percent each after the
Published 03 Nov, 2010 12:00am
Topix falls to 19-month low

Topix falls to 19-month low

Japan's broad-based Topix index fell to its lowest close in 19 months on Tuesday as the yen's strength against the dollar hurt shares of exporters such as automakers, while weakness in financial shares weighed on confidence.
Published 03 Nov, 2010 12:00am
Tuesday's afternoon trade: Wall Street rallies

Tuesday's afternoon trade: Wall Street rallies

US stocks rose on Tuesday on expectations the congressional elections outcome will be bullish for business, though some warn gridlock could hurt the nation's ability to recover from a steep recession. As voters cast their ballots, most polls show Republic
Published 03 Nov, 2010 12:00am
US stocks little changed

US stocks little changed

Investors were reluctant to make big bets ahead of two events that could dictate the stock market's direction for the rest of the year and beyond, leaving shares little changed on Monday. The benchmark S&P 500 index rose 12.9 percent since the start of Se
Published 03 Nov, 2010 12:00am
Treasuries lower

Treasuries lower

Traders of US Treasury securities pointed to low volume on Monday to explain a widely swinging market, in which Treasury prices rose early on and then fell, ending the day with price losses and yield increases.
Published 03 Nov, 2010 12:00am
Treasuries lower

Treasuries lower

Traders of US Treasury securities pointed to low volume on Monday to explain a widely swinging market, in which Treasury prices rose early on and then fell, ending the day with price losses and yield increases.
Published 03 Nov, 2010 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.42 percent on Tuesday after reaching a more than two-year closing high the previous session, as investors shunned tech shares, including Mediatek after it gave a disappointing sales forecast. Investors were concerned about weaker sale
Published 03 Nov, 2010 12:00am
South East Asian markets: Philippines at new peak, others mixed

South East Asian markets: Philippines at new peak, others mixed

The Philippine stock market hit a record high on Tuesday, helped by foreign buying, but most other Southeast Asian markets fell as cautious investors stayed on the sidelines ahead of a Fed decision on quantitative easing measures.
Published 03 Nov, 2010 12:00am
CCB launches $9.2 billion rights issue

CCB launches $9.2 billion rights issue

China Construction Bank Ltd (CCB) plans to raise up to 61.6 billion yuan ($9.2 billion) in Asia's biggest rights issue outside Japan, as China's No 2 lender aims to shore up capital after a lending binge in 2009. The rights offer in Hong Kong and Shanghai
Published 03 Nov, 2010 12:00am
CCB launches $9.2 billion rights issue

CCB launches $9.2 billion rights issue

China Construction Bank Ltd (CCB) plans to raise up to 61.6 billion yuan ($9.2 billion) in Asia's biggest rights issue outside Japan, as China's No 2 lender aims to shore up capital after a lending binge in 2009. The rights offer in Hong Kong and Shanghai
Published 03 Nov, 2010 12:00am
Shanghai stocks lower, Hong Kong flat

Shanghai stocks lower, Hong Kong flat

Shanghai shares edged lower on Tuesday, pulling back from a six-month high, while banks helped Hong Kong's benchmark post modest gains ahead of a Federal Reserve meeting. China's key stock index ended 0.3 percent lower with market players seen paring some
Published 03 Nov, 2010 12:00am
Seoul shares up

Seoul shares up

Seoul shares inched up 0.2 percent on Tuesday helped by gains in autos and crude oil refiners, but rises were limited as caution set in ahead of a decision by the US Federal Reserve on monetary easing on Wednesday. The Korea Composite Stock Price Index (K
Published 03 Nov, 2010 12:00am
European shares hit six-month high

European shares hit six-month high

European shares rose for a fourth straight day to hit a six-month closing high on Tuesday, with energy companies BP and BG Group gaining after profits beat forecasts. The energy sector was also boosted by a weaker dollar supporting crude prices, ahead of
Published 03 Nov, 2010 12:00am
Corporate earnings drive FTSE higher

Corporate earnings drive FTSE higher

Strong corporate earnings hoisted Britain's top shares by more than 1 percent on Tuesday, led by energy stocks after BP and BG Group results and ahead of the outcome of the eagerly awaited US Federal Reserve policy meeting. At the two-day meet in Washingt
Published 03 Nov, 2010 12:00am
33 burn to death in Nigeria road accident

33 burn to death in Nigeria road accident

Thirty-three people died on Tuesday in Nigeria's northern state of Yobe when two buses collided and burst into flames, a road safety agency official said. "We had an accident today on the outskirt of Potiskum (city) involving two commuter buses in which 3
Published 03 Nov, 2010 12:00am
Yemen hunts bomb suspect, oil pipeline attacked

Yemen hunts bomb suspect, oil pipeline attacked

Yemen launched an operation on Tuesday to arrest a Saudi bomb maker accused of being behind a foiled bomb plot involving US-bound parcels and suspected al Qaeda fighters blew up an oil pipeline, apparently in response. Yemen's military, under internationa
Published 03 Nov, 2010 12:00am
Suspicious package seized at Merkel office

Suspicious package seized at Merkel office

A suspicious package was intercepted at German Chancellor Angela Merkel's offices Tuesday and is being inspected for explosives, the Federal Crime Office (BKA) said. Merkel was out of the country at the time, in Belgium on an official visit. A BKA spokesw
Published 03 Nov, 2010 12:00am
Embassies targeted in wave of Athens parcel bombs

Embassies targeted in wave of Athens parcel bombs

Small bombs exploded at the Swiss and Russian embassies in Athens on Tuesday and a possible bomb was intercepted at the German chancellor's office, the latest in a wave of attacks by suspected Greek leftist guerrillas. Police had already arrested two Gree
Published 03 Nov, 2010 12:00am
Flash floods strand thousands in major Thai city

Flash floods strand thousands in major Thai city

Thailand battled Tuesday to rescue thousands of people stranded in their homes after flash floods - several metres deep in places - swept through a southern city, cutting power and communications. Heavy flooding has already killed more than 100 people aro
Published 03 Nov, 2010 12:00am
Four killed in Russian helicopter crash

Four killed in Russian helicopter crash

Four people died in a crash of an Mi-8 helicopter crash used by Russian border guards on the Sakhalin island, off the coast of eastern Russia, Russian media reported Tuesday. "The circumstances of the helicopter crash are unknown," a police official told
Published 03 Nov, 2010 12:00am
Hurricane kills 12 in Saint Lucia

Hurricane kills 12 in Saint Lucia

At least 12 people were killed when Hurricane Tomas tore through the Caribbean resort island of Saint Lucia, causing landslides and wrecking houses, the government said Tuesday. "We have 12 confirmed dead... unfortunately there are still people who are bu
Published 03 Nov, 2010 12:00am
Ahmadinejad criticised by Iran Revolutionary Guards

Ahmadinejad criticised by Iran Revolutionary Guards

Iranian President Mahmoud Ahmadinejad has come under unprecedented criticism from the Revolutionary Guards, the elite military force usually considered his staunch supporter. A harshly worded article in the Guards' monthly magazine echoes criticism of Ahm
Published 03 Nov, 2010 12:00am
Afghan candidates, MPs call for new election

Afghan candidates, MPs call for new election

Disgruntled lawmakers, candidates and their supporters called for Afghanistan's parliamentary election to be scrapped on Tuesday, with no results declared more than six weeks after the poll amid major fraud concerns. About 150 protesters took to the stree
Published 03 Nov, 2010 12:00am
Palestinian Prime Minister opens school after Israel spat

Palestinian Prime Minister opens school after Israel spat

Palestinian prime minister Salam Fayyad vowed Tuesday that east Jerusalem would be the capital of a Palestinian state as he opened a refurbished school there following a political spat with Israel. "This area is part of Jerusalem and (east) Jerusalem is P
Published 03 Nov, 2010 12:00am
Kosovo faces snap elections after no-confidence vote

Kosovo faces snap elections after no-confidence vote

Kosovo faced snap polls Tuesday, the first since declaring independence, after its parliament overwhelmingly voted to oust the government of Prime Minister Hacem Thaci. "I note that with 66 votes in favour, one against and two abstentions, the parliament
Published 03 Nov, 2010 12:00am
57 killed by Baghdad car bombs

57 killed by Baghdad car bombs

At least 57 people were killed and nearly 250 wounded in co-ordinated car bombings in Shia districts across Baghdad on Tuesday, an interior ministry official said. "Fifty-seven people were killed and 248 were wounded in 11 car bombings. All of the explosi
Published 03 Nov, 2010 12:00am
US promises air safety measures won't hurt trade

US promises air safety measures won't hurt trade

America's transport watchdog vowed on Tuesday not to slow global trade by piling security measures onto the aviation industry in response to terror threats as air lobby group IATA warned against rash action. "Security cannot bring business to a standstill
Published 03 Nov, 2010 12:00am
US copper climbs

US copper climbs

Copper ended firm on Monday, posting its largest gain in one week, after stronger-than-expected manufacturing data in the United States and China bolstered demand prospects in the world's two largest end-user markets. Copper for December delivery on the C
Published 03 Nov, 2010 12:00am
Shanghai copper rises

Shanghai copper rises

Base metals prices edged higher on Tuesday, with copper up 0.2 percent, supported by a softer dollar and rising Chinese demand, but most investors were happy to sit on the fence ahead of US elections and a Federal Reserve meeting. Benchmark third-month Sh
Published 03 Nov, 2010 12:00am
Copper moves up

Copper moves up

Copper rose on Tuesday as the dollar fell and on signs demand could be improving in top metals consumer China as well as in Europe, while focus shifted to US elections and a Federal Reserve meeting. Three-month copper on the London Metal Exchange closed a
Published 03 Nov, 2010 12:00am
Tokyo rubber up

Tokyo rubber up

Tokyo rubber futures ended 1.4 percent higher on Tuesday as fears of a drop in supply in producing countries spurred buying, but gains were capped by profit-taking, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for April deli
Published 03 Nov, 2010 12:00am
Malaysian palm oil eases

Malaysian palm oil eases

Malaysian palm oil futures eased from a 27-month high on Tuesday on some profit-taking although concerns over a strong monsoon season hitting yields lingered. A weaker US dollar against a basket of currencies limited losses in palm oil that is priced in t
Published 03 Nov, 2010 12:00am
New York Coffee tumbles

New York Coffee tumbles

ICE arabica coffee tumbled to close down 3 percent on Monday, giving back gains from Friday, when the market closed at a 13-year high on supply concerns. Cocoa futures fell quietly following a peaceful election in top grower Ivory Coast on Sunday. Sugar r
Published 03 Nov, 2010 12:00am
Liffe sugar sets nine-month peak

Liffe sugar sets nine-month peak

Liffe December white sugar rose $11.50 to end at $745.50 per tonne on Tuesday after earlier touching $756.60, the highest level for the front month since January. A tight supply outlook and concerns over whether India will permit exports remained key supp
Published 03 Nov, 2010 12:00am
US soya mixed

US soya mixed

US soyabean futures closed mixed on Monday, with nearby months lower on technical selling, including profit-taking, after last week's 14-month high spot price, traders said. November soyabeans fell 3/4 cent to $12.25-1/4 a bushel. The contract rose to $12
Published 03 Nov, 2010 12:00am
Oil hits six-month high

Oil hits six-month high

Oil rose to a six-month peak on Tuesday as the dollar fell ahead of an expected decision by the Federal Reserve to inject more money into the economy and more Opec producers signalled a tolerance for higher prices. The US central bank is expected to annou
Published 03 Nov, 2010 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 03 Nov, 2010 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 03 Nov, 2010 12:00am
New York cotton at fresh all-time high

New York cotton at fresh all-time high

US cotton futures finished Tuesday at a fresh all-time high on worries over tight supplies and an overnight surge in China's cotton prices, analysts said. Fiber contracts rallied to close up the permitted daily maximum of 5 cents for the second straight s
Published 03 Nov, 2010 12:00am
Gold eases in New York

Gold eases in New York

Gold prices eased on Monday, retreating from two-week highs, as the market zeroed in on the potential outcome of this week's US elections and a Federal Reserve decision on asset buying. US gold futures most-active contract, December, settled down $7, or 0
Published 03 Nov, 2010 12:00am
Gold rises in Asia

Gold rises in Asia

Gold ticked up on Tuesday after a drop from a two-week high spurred bargain hunting, but investors were reluctant to make big bets ahead of the US Federal Reserve's policy meeting, which could determine the fate of the dollar. Gold added $5.75 to $1,356.0
Published 03 Nov, 2010 12:00am
Gold gains in Europe

Gold gains in Europe

Gold rose in Europe on Tuesday towards the previous session's near two-week high, as the dollar retreated ahead of the outcome of the US Federal Reserve's hotly anticipated policy meeting due on Wednesday. Spot gold was bid at $1,353.95 an ounce at 1608 G
Published 03 Nov, 2010 12:00am
US MIDDAY: sugar hits 30-year peak

US MIDDAY: sugar hits 30-year peak

Sugar futures surged to a 30-year high on Tuesday, bolstered by concerns over tight global supplies and whether India will allow exports of the sweetener. ICE front-month March raw sugar futures stood at 30.25 cents, up 0.80 cent or 2.7 percent, at 1528 G
Published 03 Nov, 2010 12:00am
US MIDDAY: wheat and corn down; soya up

US MIDDAY: wheat and corn down; soya up

Corn and wheat futures on the Chicago Board of Trade were choppy early on Tuesday and volume was light amid uncertainty ahead of this week's meeting of the US Federal Reserve and Tuesday's US elections, traders said. Soyabeans were lower as profit-taking
Published 03 Nov, 2010 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper ended firm on Tuesday, climbing back toward the two-year highs it hit last week as the weak dollar bolstered risk appetite and positive European manufacturing data brightened global demand prospects. Gains were driven by investors who anticipated f
Published 03 Nov, 2010 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose slightly early on Tuesday as a sharp dollar drop prompted bullion buying a day before the Federal Reserve was expected to announce another round of US government bond purchases to boost the economy. Strong physical bullion demand from leading co
Published 03 Nov, 2010 12:00am
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