AIRLINK 177.50 Increased By ▲ 0.68 (0.38%)
BOP 11.12 Increased By ▲ 0.03 (0.27%)
CNERGY 8.05 Increased By ▲ 0.11 (1.39%)
FCCL 45.90 Increased By ▲ 0.96 (2.14%)
FFL 16.15 Increased By ▲ 0.04 (0.25%)
FLYNG 28.28 No Change ▼ 0.00 (0%)
HUBC 143.65 Increased By ▲ 1.87 (1.32%)
HUMNL 13.29 Increased By ▲ 0.04 (0.3%)
KEL 4.45 Increased By ▲ 0.02 (0.45%)
KOSM 6.01 Decreased By ▼ -0.02 (-0.33%)
MLCF 59.35 Increased By ▲ 0.90 (1.54%)
OGDC 230.40 Increased By ▲ 6.21 (2.77%)
PACE 5.91 Decreased By ▼ -0.02 (-0.34%)
PAEL 47.35 Increased By ▲ 1.45 (3.16%)
PIAHCLA 18.06 Decreased By ▼ -0.10 (-0.55%)
PIBTL 10.68 Increased By ▲ 0.08 (0.75%)
POWER 11.43 Increased By ▲ 0.13 (1.15%)
PPL 187.80 Increased By ▲ 2.32 (1.25%)
PRL 37.40 Increased By ▲ 0.49 (1.33%)
PTC 23.85 Increased By ▲ 0.16 (0.68%)
SEARL 99.90 Increased By ▲ 1.50 (1.52%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 37.45 Increased By ▲ 0.07 (0.19%)
SYM 15.04 Increased By ▲ 0.03 (0.2%)
TELE 7.85 Increased By ▲ 0.03 (0.38%)
TPLP 10.95 Decreased By ▼ -0.01 (-0.09%)
TRG 64.71 Decreased By ▼ -1.43 (-2.16%)
WAVESAPP 11.00 Increased By ▲ 0.12 (1.1%)
WTL 1.34 No Change ▼ 0.00 (0%)
YOUW 3.81 No Change ▼ 0.00 (0%)
AIRLINK 177.50 Increased By ▲ 0.68 (0.38%)
BOP 11.12 Increased By ▲ 0.03 (0.27%)
CNERGY 8.05 Increased By ▲ 0.11 (1.39%)
FCCL 45.90 Increased By ▲ 0.96 (2.14%)
FFL 16.15 Increased By ▲ 0.04 (0.25%)
FLYNG 28.28 No Change ▼ 0.00 (0%)
HUBC 143.65 Increased By ▲ 1.87 (1.32%)
HUMNL 13.29 Increased By ▲ 0.04 (0.3%)
KEL 4.45 Increased By ▲ 0.02 (0.45%)
KOSM 6.01 Decreased By ▼ -0.02 (-0.33%)
MLCF 59.35 Increased By ▲ 0.90 (1.54%)
OGDC 230.40 Increased By ▲ 6.21 (2.77%)
PACE 5.91 Decreased By ▼ -0.02 (-0.34%)
PAEL 47.35 Increased By ▲ 1.45 (3.16%)
PIAHCLA 18.06 Decreased By ▼ -0.10 (-0.55%)
PIBTL 10.68 Increased By ▲ 0.08 (0.75%)
POWER 11.43 Increased By ▲ 0.13 (1.15%)
PPL 187.80 Increased By ▲ 2.32 (1.25%)
PRL 37.40 Increased By ▲ 0.49 (1.33%)
PTC 23.85 Increased By ▲ 0.16 (0.68%)
SEARL 99.90 Increased By ▲ 1.50 (1.52%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 37.45 Increased By ▲ 0.07 (0.19%)
SYM 15.04 Increased By ▲ 0.03 (0.2%)
TELE 7.85 Increased By ▲ 0.03 (0.38%)
TPLP 10.95 Decreased By ▼ -0.01 (-0.09%)
TRG 64.71 Decreased By ▼ -1.43 (-2.16%)
WAVESAPP 11.00 Increased By ▲ 0.12 (1.1%)
WTL 1.34 No Change ▼ 0.00 (0%)
YOUW 3.81 No Change ▼ 0.00 (0%)
BR100 12,568 Increased By 132.4 (1.06%)
BR30 39,006 Increased By 421.7 (1.09%)
KSE100 117,561 Increased By 928.1 (0.8%)
KSE30 36,180 Increased By 358.1 (1%)
Mar 26, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-07-07
Shanghai copper rises

Shanghai copper rises

The most-active September copper contract on the Shanghai Futures Exchange rose 0.6 percent to close at 70,770 yuan per tonne on Wednesday. Prices were being supported by supply disruptions in Chile and Indonesia. An unusually severe winter storm has hit
Published 07 Jul, 2011 12:00am
3,000 megawatts added to national grid in three years: Qamar

3,000 megawatts added to national grid in three years: Qamar

Minister for Water and Power, Syed Naveed Qamar said on Wednesday that 3000 megawatt of more power has been provided to national grid during last three years. According to a press release issued here, he said very hard work is being done to bridge the pow
Published 07 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 06, 2011).

Published 07 Jul, 2011 12:00am
Pak-Turkey Naval exercise conducted

Pak-Turkey Naval exercise conducted

Pak-Turkish joint Naval exercise was conducted in the deep waters of the Arabian Sea. A press release of the Navy's Public Relations Directorate on Wednesday said the exercise dubbed `Deniz Aslan -II (Sea Lion)' was conducted on July 4 in two phases in wh
Published 07 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (July 06, 2011) and the forecast for Thursday (July 07, 2011).

Published 07 Jul, 2011 12:00am
Zawawi appointed Commissioner (Appeals) of SRB

Zawawi appointed Commissioner (Appeals) of SRB

Abid Zawawi has been appointed Commissioner (Appeals) of Sindh Revenue Board (SRB), Business Recorder learnt on Wednesday. Following the approval of the authorities, the appointment order of Abid Zawawi was issued on 6th July (Wednesday).
Published 07 Jul, 2011 12:00am
'HCCI making efforts for promotion of trade'

'HCCI making efforts for promotion of trade'

President Hyderabad Chamber of Commerce and Industry (HCCI) Gohar Ullah on Wednesday said that the chamber was making every effort for the promotion of trade in the country. Speaking at a press conference here, he briefed the participants about the role o
Published 07 Jul, 2011 12:00am
Japanese ambassador lauds efforts of BISP

Japanese ambassador lauds efforts of BISP

Though currently, going through a financial crunch as a result of devastating earthquake and subsequent Tsunami, Japan is committed to help Pakistan in the social sector, especially the efforts directed to curb the poverty. Hiroshi OE, Ambassador of Japan
Published 07 Jul, 2011 12:00am
Special steps taken for security of Chinese: Malik

Special steps taken for security of Chinese: Malik

Minister for Interior, Rehman Malik on Wednesday said Pakistan and China enjoy time-tested friendship as their mutual relations would bring stability and prosperity in the region. He was talking to Chinese Ambassador to Pakistan, Liu Jian, who called on t
Published 07 Jul, 2011 12:00am
Naghmi expected to hold an in-depth inquiry?

Naghmi expected to hold an in-depth inquiry?

Shafqat Naghmi, a grade-22 officer of District Management Group (DMG), charged with conducting an inquiry against the suspended Additional Director General (ADG), FIA, Zafar Qureshi, is, reportedly very close to Ayaz Niazi, the former Chairman of National
Published 07 Jul, 2011 12:00am
Sectarian elements in KU may trigger campus violence

Sectarian elements in KU may trigger campus violence

Sharp divisions among the students on sectarian grounds at the University of Karachi may trigger violence in the varsity, as the KU management is not taking the matter seriously, it was learnt on Wednesday. Sources said that some banned sectarian outfits
Published 07 Jul, 2011 12:00am
Youth's killing case: ATC directive to PPO Sindh

Youth's killing case: ATC directive to PPO Sindh

Anti-Terrorism Court-I Karachi on Wednesday directed Provincial Police Officer, Sindh, to ensure attendance of DIG Sultan Khawaja, who was appointed as Investigation Officer in youth's killing case, on each hearing without fail. Judge Bashir Ahmed Khoso a
Published 07 Jul, 2011 12:00am
JICA to assist GCT in construction of architecture department

JICA to assist GCT in construction of architecture department

The Exchange of Notes and a Grant Agreement for "the Project for Strengthening of DAE Mechanical and Architecture Departments in GCT Railway Road of Punjab Province" were signed on Wednesday between Government of Japan; Economic Affairs Division (EAD) of
Published 07 Jul, 2011 12:00am
JICA to assist GCT in construction of architecture department

JICA to assist GCT in construction of architecture department

The Exchange of Notes and a Grant Agreement for "the Project for Strengthening of DAE Mechanical and Architecture Departments in GCT Railway Road of Punjab Province" were signed on Wednesday between Government of Japan; Economic Affairs Division (EAD) of
Published 07 Jul, 2011 12:00am
Gas supply pipeline blown up

Gas supply pipeline blown up

The unknown men blew up natural gas supply pipeline in Pir Koh area of Dera Bugti on early Wednesday morning. "The unidentified armed men had planted explosive material with 16-inch diameter pipeline supplying natural gas to purification plant and detonat
Published 07 Jul, 2011 12:00am
Five caught using unfair means in exams

Five caught using unfair means in exams

Five students on Wednesday were caught red handed while using unfair means during the annual external examination of MA (Regular) and LLB (Regular) being held in University of Karachi. The vigilance committee seized their copies and lodged case of using u
Published 07 Jul, 2011 12:00am
Appointment of six additional judges of PHC recommended

Appointment of six additional judges of PHC recommended

The Judicial Commission of Pakistan in its meeting on Wednesday recommended appointment of six additional judges of the Peshawar High Court (PHC). Chief Justice of Pakistan, Iftikhar Muhammad Chaudhry presided over the meeting of the Commission, the highe
Published 07 Jul, 2011 12:00am
Former caretaker Prime Minister Mazari meets Nawaz

Former caretaker Prime Minister Mazari meets Nawaz

Former Caretaker Prime Minister Balkh Sher Mazari called on PML-N chief Nawaz Sharif at the latter's residence in Raiwind on Wednesday. Both the leaders discussed the prevailing political situation and the issues confronting the country at present. They a
Published 07 Jul, 2011 12:00am
China trustworthy friend: PTI

China trustworthy friend: PTI

The Pakistan Tahreek-e-Insaf (PTI) views friendship with China more prudent, and believes that the tie with the United State of America is not in the interests of Pakistan. PTI provincial leaders Ahsan Rashid and Dr Shahid Siddique Khan on Wednesday said
Published 07 Jul, 2011 12:00am
Etihad Airways launches a family promotion

Etihad Airways launches a family promotion

Etihad Airways, the national carrier of the United Arab Emirates, has launched a family promotion for travel during Ramazan whereby kids can fly to Abu Dhabi and stay in luxurious hotels for as little as US $1 (plus taxes). According to an Etihad Airways'
Published 07 Jul, 2011 12:00am
Geelani's book to be launched today

Geelani's book to be launched today

The book of veteran Kashmiri Hurriyet leader, Syed Ali Geelani `Wullar Kinaray' (Wullar banks) will be launched on Thursday (today) at a local hotel in Srinagar. The spokesman of the forum in statement issued in Srinagar said that Syed Ali Geelani had pen
Published 07 Jul, 2011 12:00am
Punjab government, Commonwealth Corporation to set up investment fund

Punjab government, Commonwealth Corporation to set up investment fund

Punjab government and Commonwealth Development Corporation have announced to set up an investment fund with the participation of different countries for the promotion of foreign investment in the province. This was decided in a meeting between Chief Minis
Published 07 Jul, 2011 12:00am
LHC seeks reply from Railways

LHC seeks reply from Railways

The Lahore High Court (LHC) here on Wednesday sought a comprehensive reply from Pakistan Railways (PR) in a petition of its employees for denying them a special project allowance as court had expressed its dissatisfaction over the earlier reply. The court
Published 07 Jul, 2011 12:00am
SHC restores licence of WISE Communication

SHC restores licence of WISE Communication

Sindh High Court (SHC) has restored the licence of WISE Communication (Pvt) Ltd and ordered PTA to open all the circuits of WISE communication immediately, says a press release received here on Wednesday. It must be informed that WISE Communications is re
Published 07 Jul, 2011 12:00am
Speakers seek restoration of local government system

Speakers seek restoration of local government system

The participants of a consultation on Wednesday unanimously demanded restoration of local government system in the country and holding local body elections on party basis. The consultation 'Voices of Stakeholders:
Published 07 Jul, 2011 12:00am
Minister visits Bahadarpur, Ghazipur centres

Minister visits Bahadarpur, Ghazipur centres

Provincial Minister for Food Chaudhry Abdul Ghafoor paid surprise visits to Ghazipur, Bahadarpur and Jalalpur Pirwala centres of Multan Division and expressed his dissatisfaction over performance of the staff present there. He personally checked the recor
Published 07 Jul, 2011 12:00am
Inquiry

Inquiry

The Lahore High Court Chief Justice (CJ) Ijaz Ahmad Chaudhry has directed district and sessions judge Mianwali Wamiq Javed to hold inquiry into the killing of two persons during protest against power outage in the district. It may be recalled that Punjab
Published 07 Jul, 2011 12:00am
Electricity production dips by 1,000 megawatts

Electricity production dips by 1,000 megawatts

The electricity production continues to fluctuate as it dipped by 1,000 MW widening the gap between generation and demand to 4,729 MW on Wednesday. According to a PEPCO spokesman, the total generation of its hydel, thermal, IPPs and RPPs has come down to
Published 07 Jul, 2011 12:00am
Fake sales tax invoices effectively checked: FBR

Fake sales tax invoices effectively checked: FBR

Directorate of Intelligence and Investigation, FBR claims it has made issuance/availability of fake sales tax invoices a risky business for fraudsters through effective monitoring, investigative audit and registering criminal cases against the tax fraudst
Published 07 Jul, 2011 12:00am
Rehman Al Saibi meets Nadeem Yousufzai

Rehman Al Saibi meets Nadeem Yousufzai

Mutawali of Khana Kaaba, Abdul Rehman Al Saibi called on Managing Director PIA, Nadeem Khan Yousufzai at PIA Head Office here on Wednesday. He was received and welcomed by Managing Director PIA. The Mutawali of Kaaba Shareef led the Namaz-e-Zuhr prayer at
Published 07 Jul, 2011 12:00am
Study tour of position holders a big success, says Khosa

Study tour of position holders a big success, says Khosa

Senior Advisor to Chief Minister, Sardar Zulfiqar Ali Khan Khosa has said that study tour of position holders has given them an opportunity to aware themselves of the latest research in different disciplines and plan their career in the light of observati
Published 07 Jul, 2011 12:00am
Birth rate blues

Birth rate blues

Pakistan often finds itself in the company of the wretched countries whenever a comparison is made to determine the nations' ranking at regional and global levels. According to "World Development Indicators 2011" released recently by the World Bank, popul
Published 07 Jul, 2011 12:00am
State entities to pay or suffer disconnection

State entities to pay or suffer disconnection

All electricity connections provided to state enterprises - be they federal, provincial or autonomous - would be treated as private connections and liable for disconnection if the bills remain unpaid. This was the outcome of a meeting between the federal
Published 07 Jul, 2011 12:00am
VIEWPOINT: Drop this draconian regulation

VIEWPOINT: Drop this draconian regulation

The government is all set to enforce a draconian law entitled "Regulation to Provide Actions in Aid of Civil Power in the Federally Administered Tribal Areas (FATA)". Both the federal cabinet and President Zardari are said to have approved the draft of th
Published 07 Jul, 2011 12:00am
Mongolia herder on mission to tackle mining firms

Mongolia herder on mission to tackle mining firms

The destruction of Mongolia's grasslands to access a wealth of mineral riches has sparked an anti-mining movement led by a nomadic herder who says force can be used to bring polluting firms to heel. Tsetsegee Munkhbayar is the head of Fire Nation, a small
Published 07 Jul, 2011 12:00am
Government, SECP and KSE

Government, SECP and KSE

After reading pages 14 to 16 of Business Recorder dated 2nd July, 2011, I have observed the following: Trading in "Client to Client and Member to Member" is about 479 million shares against normal "Ready Board" trading of just and just 30 million s
Published 07 Jul, 2011 12:00am
PPP's CEC to meet after President's return

PPP's CEC to meet after President's return

President Asif Ali Zardari on Wednesday convened party's central executive committee (CEC) after his return to the country, it is learnt. Sources told Business Recorder that the PPP's CEC would discuss the overall political situation of the county
Published 07 Jul, 2011 12:00am
KPT denies pilot boat operators' strike reports

KPT denies pilot boat operators' strike reports

The spokesman of Karachi Port Trust on Tuesday denied reports regarding strike of operators of pilot boats, saying that the vessels continued to arrive at the country's largest seaport without a halt. Some reports had emerged regarding strike of the opera
Published 07 Jul, 2011 12:00am
'Balochistan's problems to be solved at the earliest'

'Balochistan's problems to be solved at the earliest'

'Aghaaz-e-Haqoq-e-Balochistan' development package is reflective of the commitment and seriousness of the Federal Government towards resolving the problems of the Baloch people, said Rehman Malik, Federal Minister for Interior here on Wednesday.
Published 07 Jul, 2011 12:00am
PACRA assigns ratings to PLHC

PACRA assigns ratings to PLHC

PACRA has maintained the long-term and short-term ratings of PakLibya Holding Company (Pvt) Limited (PLHC) at "AA-" (Double A minus) and "A1+" (A one Plus), respectively. The rating of the Privately Placed Term Finance Certificate of PKR 750m is maintaine
Published 07 Jul, 2011 12:00am
PACRA assigns ratings to PLHC

PACRA assigns ratings to PLHC

PACRA has maintained the long-term and short-term ratings of PakLibya Holding Company (Pvt) Limited (PLHC) at "AA-" (Double A minus) and "A1+" (A one Plus), respectively. The rating of the Privately Placed Term Finance Certificate of PKR 750m is maintaine
Published 07 Jul, 2011 12:00am
JSIL announces over Rs 1.2 billion payout for fiscal year 2011

JSIL announces over Rs 1.2 billion payout for fiscal year 2011

JS Investments Limited (JSIL) has announced a total payout of Rs 1,272.8 million for FY11 in selected open-end funds managed by the company. The payout in open-end funds includes the final payouts of Rs 1,087.2 million and interim dividend payouts of Rs 1
Published 07 Jul, 2011 12:00am
JSIL announces over Rs 1.2 billion payout for fiscal year 2011

JSIL announces over Rs 1.2 billion payout for fiscal year 2011

JS Investments Limited (JSIL) has announced a total payout of Rs 1,272.8 million for FY11 in selected open-end funds managed by the company. The payout in open-end funds includes the final payouts of Rs 1,087.2 million and interim dividend payouts of Rs 1
Published 07 Jul, 2011 12:00am
PN hands over keys of houses built for flood victims

PN hands over keys of houses built for flood victims

Pakistan Navy handed over keys of houses to flood affected people in Sujawal on Wednesday. An ISPR (Navy) statement issued here said that Begum Zubaria Noman, wife of Chief of Naval Staff, was the chief guest at the distribution ceremony. It said that thi
Published 07 Jul, 2011 12:00am
Traders demand 'emergency rule' in Karachi

Traders demand 'emergency rule' in Karachi

Fresh wave of target killings has significantly reduced trade and commercial activities during the last two days with traders demanding of the government to enforce emergency rule and hand over the powers to army in the city.
Published 07 Jul, 2011 12:00am
KCCI proposes steps towards sustaining trade, industry

KCCI proposes steps towards sustaining trade, industry

The Karachi Chamber of Commerce and Industry (KCCI) has noted that the continually increasing prices of utilities are throwing the set businesses out of the market every now and then and suggested that either the government should allow open competition i
Published 07 Jul, 2011 12:00am
Arrangements for PB-26 by-poll finalised

Arrangements for PB-26 by-poll finalised

The arrangements for the polling of by-election in the Balochistan Assembly's constituency No PB-26 Jaffarabad being held on 9th July has been finalised. A handout issued by the Election Commission of Pakistan (ECP) on Wednesday stated that all necessary
Published 07 Jul, 2011 12:00am
PRGMEA urges government to continue DLTL scheme

PRGMEA urges government to continue DLTL scheme

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has criticised the federal government for its indifferent attitude towards the demand for continuation of 3 percent drawback of local taxes and continuation of DLTL scheme to sus
Published 07 Jul, 2011 12:00am
Hajj policy issue raised intentionally: Supreme Court

Hajj policy issue raised intentionally: Supreme Court

The Supreme Court (SC) on Wednesday adjourned hearing of 17 identical petitions, challenging Lahore High Court verdict against distribution of tour operators' quota under Hajj Policy 2011. Al-Rahem Travels & Tours (Pvt) Limited and 16 other petitioners ha
Published 07 Jul, 2011 12:00am
ECP training staff for verification of voters

ECP training staff for verification of voters

As a part of its efforts to make error free Computerised Electoral Rolls (CER) 2011, Election Commission of Pakistan (ECP) is conducting training of the staff appointed for the door-to-door verification of the voters to be started from July 18. An ECP off
Published 07 Jul, 2011 12:00am
Workshop on leadership skills begins

Workshop on leadership skills begins

Livestock and Dairy Development Department is organising a four day workshop on 'Leadership Skills for Effective Communication in Livestock Extension Services'. Secretary Livestock and Dairy Development Department Hamid Yaqoob Sheikh chaired the inaugural
Published 07 Jul, 2011 12:00am
Qureshi, Nawaz discuss political and economic issues

Qureshi, Nawaz discuss political and economic issues

Former foreign minister Shah Mehmud Qureshi met Pakistan Muslim League-Nawaz Quaid Mian Nawaz Sharif at his Raiwind residence on Wednesday and discussed country's political and economic situation besides matters of mutual interest. Sources told Busines
Published 07 Jul, 2011 12:00am
Plan evolved to modernise Sialkot surgical industry

Plan evolved to modernise Sialkot surgical industry

The Federal government has evolved a comprehensive programme for modernisation and upgrading of the surgical instruments industry of Sialkot aimed at tracking it on modern production lines and Rs 30 million will be provided for this purpose out of Export
Published 07 Jul, 2011 12:00am
Pakistan's first mango consignment to US likely on July 27

Pakistan's first mango consignment to US likely on July 27

Pakistan is expected to dispatch its first commercial mango consignment to United States during the current month, an official told Business Recorder on Wednesday. PHDEC has been working as a facilitator since the idea of mango export to US germina
Published 07 Jul, 2011 12:00am
Monsoon rains may affect date crop in Sindh

Monsoon rains may affect date crop in Sindh

The first monsoon rain spell likely to start in Sindh from Thursday may affect the date crop. Talking to APP, Chief Meteorologist of Pakistan Meteorological Department (PMD) Ghulam Rasool said that the upcoming rain spell would not only be harmful for the
Published 07 Jul, 2011 12:00am
Mianwali traders' protest against loadshedding continues

Mianwali traders' protest against loadshedding continues

A number of people protested against the arrest of Tehreek Haqooq-e-Mianwali (THM) representatives at Railway station chowk here while traders observed strike against load shedding for the third consecutive day on Wednesday. Police reportedly arrested the
Published 07 Jul, 2011 12:00am
'High freight, strict rules to hamper mango export to US'

'High freight, strict rules to hamper mango export to US'

Zahid Hussain Gardezi, Chairman of Mango Growers Association (MGA), said that the US Agency for International Development has spent $3.1 million to help Pakistani mango growers get their fruits ready for export, and the US government has overturned the ba
Published 07 Jul, 2011 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold prices rose for a third day to the highest in two weeks on Wednesday, as a rate hike in China put inflation concerns back in the spotlight, and as worries over eurozone debt stoked safe haven buying. After rising in tandem with oil and grains a day a
Published 07 Jul, 2011 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

Copper closed lower early on Wednesday, snapping a six-day rally that saw prices touch their highest since late April, as another rate hike in China and further debt troubles in Europe lessened risk appetite. In New York, the key September COMEX contract
Published 07 Jul, 2011 12:00am
US MIDDAY: wheat drops

US MIDDAY: wheat drops

US wheat futures fell on Wednesday, one day after notching their biggest gain in seven weeks, as traders locked in profits due to seasonal harvest pressure and concerns that the recent price declines have failed to generate much interest on the export mar
Published 07 Jul, 2011 12:00am
US MIDDAY: soft commodities down

US MIDDAY: soft commodities down

Soft commodity futures reeled Wednesday from investor sales rekindled by Portugal's credit downgrade and China's interest rate rise in a largely slow session. Sugar, cocoa and coffee futures posted losses although they were all pared late in the session b
Published 07 Jul, 2011 12:00am
Gold hits two-week high in European trade

Gold hits two-week high in European trade

Gold prices hit a two-week high on Wednesday, extending the previous session's 1.3 percent rise, as a rate hike from China put inflation concerns back in the spotlight, and as worries over eurozone and US debt lifted the metal's haven appeal. Spot gold wa
Published 07 Jul, 2011 12:00am
Gold jumps in Asia

Gold jumps in Asia

Spot gold rose to a 1-1/2-week high on Wednesday, supported by a weaker dollar and renewed worries about the eurozone's debt problem after Moody's slashed Portugal's credit rating to junk. Spot gold rose to $1,518.44, its highest since June 24, before eas
Published 07 Jul, 2011 12:00am
US gold hits 1-1/2 week high

US gold hits 1-1/2 week high

Gold prices shot up to a 1-1/2-week high on Tuesday , as risk-averse investors bought the precious metal on concerns about the Chinese economic outlook, the Greek debt crisis and a Moody's downgrade of Portugal's debt. Spot gold rose to $1,515.19 an ounce
Published 07 Jul, 2011 12:00am
Liffe sugar lower

Liffe sugar lower

Liffe August white sugar ended $1.20 lower at $770.10 a tonne on Wednesday. Market retreated from the prior session's contract high with prices weighed by China sales as well as macroeconomic concerns after China raised interest rates and Portugal's credi
Published 07 Jul, 2011 12:00am
New York cocoa at two-month top

New York cocoa at two-month top

US cocoa soared above its long-term moving averages to close at a two-month peak on Tuesday, while raw sugar also finished firm, paring losses after hitting a contract high on concern about a smaller Brazilian crop. Arabica coffee futures also finished st
Published 07 Jul, 2011 12:00am
Malaysian palm hits new eight-month low

Malaysian palm hits new eight-month low

Malaysian palm oil futures fell on Wednesday and hit a new eight-month low as investors factored in a higher output cycle and worries about weaker demand in the second half of the year. The benchmark September crude palm oil contract on Bursa Malaysia De
Published 07 Jul, 2011 12:00am
Tokyo and Shanghai rubber rise

Tokyo and Shanghai rubber rise

Key Tokyo rubber futures rose to a three-week high on Wednesday, supported by other commodities markets which rallied the day before on views a second-quarter slump was overdone, but trading was expected to be rangebound given a lack of fresh incentives.
Published 07 Jul, 2011 12:00am
Oil flat, buffeted by demand worry as volume ebbs

Oil flat, buffeted by demand worry as volume ebbs

Oil prices stayed near flat on Wednesday, buffeted in low-volume trade as an interest rate hike by China and Europe's debt woes kept demand concerns in focus ahead of weekly reports expected to show a drop in US crude stocks. China's rate rise, the third
Published 07 Jul, 2011 12:00am
Copper declines

Copper declines

Copper fell on Wednesday after China raised interest rates and Moody's downgraded Portugal's debt to "junk", but supply disruptions at some of the world's top copper mines kept a floor under prices. Three-month copper on the London Metal Exchange closed a
Published 07 Jul, 2011 12:00am
Indian shares fall

Indian shares fall

Indian shares fell for the second consecutive session and ended down 0.1 percent in choppy trade on Wednesday, taking cues from global markets and as investors held back from taking major positions ahead of upcoming quarterly results. Financials led the l
Published 07 Jul, 2011 12:00am
Dubai World sheds property arms; names new CFO, MD

Dubai World sheds property arms; names new CFO, MD

Indebted conglomerate Dubai World shifted ownership of its troubled property units Nakheel and Limitless to the government, concluding a complex restructuring process, it said on Wednesday. The state-owned flagship firm also named Andy Watson as managing
Published 07 Jul, 2011 12:00am
EU slams ratings agencies after Portugal downgraded

EU slams ratings agencies after Portugal downgraded

European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody's downgrade of Portugal's debt to "junk" cast new doubt on EU efforts to rescue distressed eurozone states without debt restructuring. European Commission P
Published 07 Jul, 2011 12:00am
South East Asian markets: Malaysia hits all-time high

South East Asian markets: Malaysia hits all-time high

Most Southeast Asian bourses fell on Wednesday as renewed debt worries in the eurozone hurt sentiment, with the initial buying spree in Thai stocks after last weekend's election stalling as the market waited for the formation of a new government. The sell
Published 07 Jul, 2011 12:00am
Australian shares rise

Australian shares rise

Australian shares rose 0.2 on Wednesday, boosted by gains in miners on higher metal prices but dragged by losses in top banks on concern funding costs could rise, further pressuring profit margins. Top banks all declined after Moody's cut Portugal's ratin
Published 07 Jul, 2011 12:00am
Hong Kong, China shares lower

Hong Kong, China shares lower

Chinese banks dragged shares in Hong Kong and Shanghai below key technical support levels on Wednesday after Singapore state investor Temasek Holdings (Private) Ltd sold off a combined $3.6 billion stake in two of the China's top banks. More weakness may
Published 07 Jul, 2011 12:00am
Wednesday's early afternoon trade: Wall Street bounces off session highs

Wednesday's early afternoon trade: Wall Street bounces off session highs

US stocks bounced off session highs on Wednesday after investors shrugged off a downgrade of Portugal's credit rating and an interest-rate hike in China. Transports ranked among the top advancers as the Dow Jones Transportation Average rose 1.4 percent to
Published 07 Jul, 2011 12:00am
US stocks mostly flat

US stocks mostly flat

US stocks ended a thinly traded session mostly flat on Tuesday as investors paused after last week's surge, though continually light volume suggested the market could encounter more choppy trading. The Nasdaq closed higher for its sixth straight day, help
Published 07 Jul, 2011 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks closed 0.46 percent higher on Wednesday, with smartphone maker HTC climbing 3.3 percent ahead of its second-quarter earnings due later in the afternoon. The main TAIEX index rose 40 points to 8,824.44, after opening flat. LCD makers and elec
Published 07 Jul, 2011 12:00am
Treasuries rise

Treasuries rise

New worries that the most severe elements of Europe's debt crisis are in danger of spreading, including Portugal's first ratings downgrade to junk, rekindled US Treasuries' safe-haven appeal and ended a five-day selloff. Prices rose early on fears a plan
Published 07 Jul, 2011 12:00am
Treasuries rise

Treasuries rise

New worries that the most severe elements of Europe's debt crisis are in danger of spreading, including Portugal's first ratings downgrade to junk, rekindled US Treasuries' safe-haven appeal and ended a five-day selloff. Prices rose early on fears a plan
Published 07 Jul, 2011 12:00am
Euro nudges up in Asia

Euro nudges up in Asia

The euro regained some ground on Wednesday as short-term players covered short positions ahead of a European Central Bank policy meeting, following a steep fall against the Swiss franc and the dollar after Moody's slashed Portugal's credit rating to junk.
Published 07 Jul, 2011 12:00am
Australian and New Zealand dollars perk up

Australian and New Zealand dollars perk up

The Australian and New Zealand dollars drifted higher against the greenback on Wednesday, heartened by a modest recovery in the euro as a negative reaction to overnight news of Portugal's credit downgrade fizzled out. The Aussie dollar rose as high as $1.
Published 07 Jul, 2011 12:00am
Yuan flat

Yuan flat

The yuan closed nearly flat versus the dollar on Wednesday as the market took a wait-and-see attitude on how the People's Bank of China will pace the currency's appreciation amid signs of an economic slowdown. The yuan rose 1.94 percent against the dollar
Published 07 Jul, 2011 12:00am
Previous Day
⇧