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Print - 2011-08-07
Japanese bonds jump

Japanese bonds jump

Japanese government bonds jumped on Friday as investors rushed to the safety of bonds from equities on fears that the global economy may be sputtering and that policy options to support it could be running out. A massive fall in US shares on Thursday was
Published 07 Aug, 2011 12:00am
Property registration systems: Concepts and practices

Property registration systems: Concepts and practices

Title is a legal term for a bundle of rights in a piece of property in which a party may own either a legal interest or an equitable interest. It may also refer to a formal document that serves as evidence of ownership. Title is distinct from possession,
Published 07 Aug, 2011 12:00am
Germany's last millstone mason pressed for time

Germany's last millstone mason pressed for time

An organic food boom in Germany is creating demand for flour ground the old way, but the country only has one person left with the skills needed to carve and maintain millstones. According to the German organic food industry body, the BOeLW, sales of orga
Published 07 Aug, 2011 12:00am
The killing fields of Karachi

The killing fields of Karachi

The spate of recent killings in Karachi, which have claimed hundreds of lives of innocent people and the inability of the Sindh government to stop the perpetrators, suggests that city needs an out of the box approach to check this bloodbath; an approach w
Published 07 Aug, 2011 12:00am
Altaf expresses grief over deaths in Lyari

Altaf expresses grief over deaths in Lyari

Chief Muttahida Quami Movement (MQM), Altaf Hussain has expressed his heartfelt grief and sorrow over the tragedy in Lyari in which several people lost their lives when a five-storey building collapsed. Hussain sympathised with the affected families and p
Published 07 Aug, 2011 12:00am
Emirates hosts annual travel agents' workshop

Emirates hosts annual travel agents' workshop

Emirates Airline on August 6 held its annual Travel Agents Workshop with the objective to train and educate the travel agents on different Emirates products and services. The participants were briefed in detail about Emirates products including Emirates H
Published 07 Aug, 2011 12:00am
IPO to launch drive against pirates, Counterfeiters

IPO to launch drive against pirates, Counterfeiters

The Intellectual Property Organisation (IPO-Pakistan) has decided to launch an effective and relentless drive against pirates and counterfeiters who are not only infringing rights of original producers but also deceiving the consumers with fake products.
Published 07 Aug, 2011 12:00am
Prime Minister's meeting with MPs postponed

Prime Minister's meeting with MPs postponed

According to the information received here Saturday, the Iftar meeting of Prime Minister, Syed Yousuf Raza Gilani with parliamentarians here, scheduled for Sunday (today) has been postponed due to his visit to Saudi Arabia. He would meet the parliamentari
Published 07 Aug, 2011 12:00am
Iranian CG calls on chief minister Balochistan

Iranian CG calls on chief minister Balochistan

Iranian Consul General in Quetta Syed Hassan Yehyavi on Saturday called on Chief Minister Balochistan Nawab Mohammad Aslam Raisani at CM Secretariat here. He expressed his sympathy over the demise of Nawab Raisani's nephew and offered fateha. He also pray
Published 07 Aug, 2011 12:00am
Political parties urged to get rid of 'militants'

Political parties urged to get rid of 'militants'

Concerned Citizens Forum (CCF), a forum of civil society organisations has urged all political parties to identify miscreants/militants within their ranks and expose them for appropriate punitive action as per the law of the land.
Published 07 Aug, 2011 12:00am
Lyari building collapse: death toll rises to 18

Lyari building collapse: death toll rises to 18

The death toll from the collapse of a five-storey building in Lyari rose to 18 on Saturday. Rescue operations were ongoing, however, hopes about the survival of those still believed to be trapped under the Qasr-i-Ruqayya building's rubble were dim.
Published 07 Aug, 2011 12:00am
Malik directs action against "Bhatta Mafia"

Malik directs action against "Bhatta Mafia"

Federal Minister for Interior Senator Rehman Malik directed the officials concerned to initiate a special campaign against elements involved in extortion in Karachi. He issued these directives while talking to a delegation of business community members at
Published 07 Aug, 2011 12:00am
Appointment

Appointment

The Governor of Sindh, who is also Chancellor of the Universities in Province of Sindh, has appointed Professor Dr Anwar Ali Shah G.Syed Dean faculty of Commerce and Business Administration as first Pro Vice Chancellor of Sindh University Campus Dadu with
Published 07 Aug, 2011 12:00am
Off-season vegetables: growers advised to adopt different methods

Off-season vegetables: growers advised to adopt different methods

The President of Chamber of Agriculture, Karachi, Sindh, Abdullah Rafi, has advised vegetable growers to adopt different methods to grow off-season vegetables in Pakistan to gain additional income. These methods include growing beneath the sarkanda buildi
Published 07 Aug, 2011 12:00am
Met Office's advice to cotton growers

Met Office's advice to cotton growers

The Meteorological Department has forecast largely hot and humid weather in most parts of the country in the next week, advising the cotton growers to irrigate their crops as per requirement. "Due to the expected dry weather in the cotton belt, farmers ar
Published 07 Aug, 2011 12:00am
Islamabad Police launch SVIS

Islamabad Police launch SVIS

Islamabad Police have launched Stolen Vehicle Identification System (SVIS) to curb auto-theft in the capital through which one can easily know the status of a vehicle. This new service opened at Rescue 15 will help people know status of their vehicle whet
Published 07 Aug, 2011 12:00am
PML-Q women legislators visit utility stores

PML-Q women legislators visit utility stores

The PML-Q women office-bearers and legislators visited various utility stores in the provincial metropolis on Saturday on the directives of the Federal Minister for Industries and Defence Production, Chaudhry Pervez Elahi to get the feedback of consumers
Published 07 Aug, 2011 12:00am
Chief Justice LHC constitutes seven DBs, 15 SBs

Chief Justice LHC constitutes seven DBs, 15 SBs

Chief Justice Lahore High Court (LHC) here on Saturday constituted seven division benches (DBs) and fifteen single benches (SBs) for the disposal of the cases pending with the LHC at principal seat. According to a notification issued here division benches
Published 07 Aug, 2011 12:00am
Gilani congratulates newly-elected Thailand Prime Minister

Gilani congratulates newly-elected Thailand Prime Minister

Prime Minister Yousuf Raza Gilani congratulated Yingluck Shinawatra on being elected as the first woman Prime Minister of Thailand. He conveyed the best wishes of the people of Pakistan for the continued progress and prosperity of the friendly people of T
Published 07 Aug, 2011 12:00am
UAF hires NTS services for entry test

UAF hires NTS services for entry test

A memorandum of understanding between the Faculty of Veterinary Science, University of Agriculture Faisalabad and National Testing Service, Islamabad was inked at the Vice Chancellor's chamber. Faculty of Veterinary Science Dean, Professor Dr Laeeq Lodhi
Published 07 Aug, 2011 12:00am
Tethyan Copper Company: ISPR clarifies news item

Tethyan Copper Company: ISPR clarifies news item

A spokesman of the ISPR has categorically denied the news item published in a section of the press that military establishment was supportive of Tethyan Copper Company (TCC) in Reko Dik Project. He said the matter pertaining to the Reko Dik Project is sub
Published 07 Aug, 2011 12:00am
Saudi Arabia revises anti-terrorism law

Saudi Arabia revises anti-terrorism law

Saudi Arabia has revised an anti-terrorism law and made it less severe than a leaked version that was heavily criticised by human rights groups, a Shura Council spokesman said on Saturday. "The draft that was published is not the final one," said Mohammed
Published 07 Aug, 2011 12:00am
Israelis flood Tel Aviv for reforms protest

Israelis flood Tel Aviv for reforms protest

More than 100,000 Israelis converged on central Tel Aviv on Saturday for a massive protest aimed at pushing the government into reforms to ease living costs by drawing a "critical mass" out onto the streets. The event was seen as a test of the appeal and
Published 07 Aug, 2011 12:00am
Venezuela frees more than 2,000 prisoners

Venezuela frees more than 2,000 prisoners

Venezuela freed more than 2,000 inmates to improve conditions in its violent and overcrowded prisons at the start of what could be a much larger amnesty across the South American nation, state media said on Friday. With about 50,000 prisoners confined to
Published 07 Aug, 2011 12:00am
US-Bahrain defence pact renewed

US-Bahrain defence pact renewed

US officials and their counterparts in Bahrain, which crushed month-long protests in mid-March, have renewed a defence pact, officials said Friday. The two countries inked a 10-year defence agreement on October 28, 1991, seven months after the Gulf War, t
Published 07 Aug, 2011 12:00am
Ecuador shuts down 16 NGOs

Ecuador shuts down 16 NGOs

Ecuador has ordered 16 non-governmental organisations (NGOs), including Spanish Doctors Without Borders, to shut down their operations in the Latin American country, the government said Friday. The government's Technical Secretary of International Co-oper
Published 07 Aug, 2011 12:00am
South Sudan MPs sworn in

South Sudan MPs sworn in

Newly independent South Sudan swore in its MPs on Saturday, two days ahead of parliament's opening session, with the speaker calling for co-operation regardless of background or political affiliation. "You are the founders of the first ever parliament of
Published 07 Aug, 2011 12:00am
Chinese, Indians top Australia security blacklist

Chinese, Indians top Australia security blacklist

Chinese and Indian citizens dominated Australia's border control blacklist, secret documents showed Saturday, with the majority of people singled out for national security reasons. The closely guarded Movement Alert List, released to The Australian newspa
Published 07 Aug, 2011 12:00am
Muslim Brotherhood holds vote in public

Muslim Brotherhood holds vote in public

Egypt's Muslim Brotherhood held a public internal election on Saturday for the first time in its history in a display of openness before a parliamentary election in November. The Brotherhood, Egypt's most popular and organised political force, was banned
Published 07 Aug, 2011 12:00am
Chavez offers Qadhafi 'a big hug'

Chavez offers Qadhafi 'a big hug'

Venezuelan President Hugo Chavez said Friday he has written embattled Libyan leader Muammar Qadhafi offering him "a big hug" and denouncing Nato's "imperial" attacks on Libya. "The proud, gracious and merciful God bless and keep you. May he bless and prot
Published 07 Aug, 2011 12:00am
FBI launches free Child ID app

FBI launches free Child ID app

The FBI has launched a new app, its first mobile application, for parents to store and access pictures and other vital information about their children in case they ever go missing. The free Child ID app is only available for use on iPhones but the Federa
Published 07 Aug, 2011 12:00am
US soldier gets three years for Afghan killings

US soldier gets three years for Afghan killings

A US soldier accused of killing Afghan civilians was sentenced to three years in prison on Friday after pleading guilty to involuntary manslaughter in a deal with prosecutors, an Army statement said. Specialist Adam Winfield was among five members of an i
Published 07 Aug, 2011 12:00am
Five killed in Iraq jailbreak

Five killed in Iraq jailbreak

Four prisoners and a guard were killed in clashes at a prison in the central Iraqi city of Hilla, during which eight inmates escaped, officials said on Saturday. A policeman and a civilian were also killed in unrelated violence on Saturday, an interior mi
Published 07 Aug, 2011 12:00am
Hacker drone launches airborne cyber attacks

Hacker drone launches airborne cyber attacks

Computer security specialists showed off a home-made drone aircraft Friday capable of launching airborne cyber attacks, hijacking mobile phone calls, or even delivering a dirty bomb. Rich Perkins and Mike Tassey built the bright yellow Wireless Arial Surv
Published 07 Aug, 2011 12:00am
Hacker group declares cyber war on US police

Hacker group declares cyber war on US police

A hacker group on Saturday claimed it has "defaced and destroyed" websites at scores of US police agencies in retaliation for the arrest of suspected peers accused of hacking into the CIA, British crime agency SOCA, and Sony.
Published 07 Aug, 2011 12:00am
Dravid makes surprise ODI comeback

Dravid makes surprise ODI comeback

Rahul Dravid was Saturday recalled to the Indian squad for next month's one-day series against England, but the injured Harbhajan Singh and Yuvraj Singh were left out. Middle-order batsman Dravid played his last one-dayer in September 2009, but got the se
Published 07 Aug, 2011 12:00am
Zimbabwe victory charge hit by late collapse

Zimbabwe victory charge hit by late collapse

Zimbabwe opened up a 175-run lead over Bangladesh with six second wickets remaining on Saturday, but they were left to rue a late collapse in the final overs at the Harare Sports Club. After dismissing the tourists for 287 - and a first innings lead of 83
Published 07 Aug, 2011 12:00am
AC Milan see off Inter to lift Supercup

AC Milan see off Inter to lift Supercup

AC Milan came from a goal down to defeat bitter city rivals Inter 2-1 thanks to a quick-fire second-half double to lift the Italian Supercup in Beijing on Saturday. Manchester United target Wesley Sneijder, whose Inter future has been subject of intense s
Published 07 Aug, 2011 12:00am
AFC Asian Cup: PFF chief elected member organising body

AFC Asian Cup: PFF chief elected member organising body

Asian Football Confederation (AFC)'s executive committee in its meeting held at AFC House, Kaula Lumpur has unanimously elected Makhdoom Syed Faisal Saleh Hayat, President Pakistan Football Federation (PFF) as member of Organising Committee for AFC Asian
Published 07 Aug, 2011 12:00am
Hockey training camp from August 10

Hockey training camp from August 10

Pakistan Hockey Federation (PHF) has called as many as 26 players for training camp is being established as a part of preparation of first men's Asian Champions Trophy Tournament to be played in China from September 3-11. The training camp will get underw
Published 07 Aug, 2011 12:00am
Real Madrid end China tour with mauling

Real Madrid end China tour with mauling

Real Madrid thrashed Tianjin Teda 6-0 in a pre-season friendly Saturday as they wrapped up their China tour with a warning to fierce rivals Barcelona ahead of their Spanish Super Cup clash. Boss Jose Mourinho said the emphatic scoreline - coupled with a 7
Published 07 Aug, 2011 12:00am
Cash-rich Leicester make winning start

Cash-rich Leicester make winning start

Sven Goran Eriksson's Leicester justified their billing as one of the Championship's promotion favourites by grinding out a 1-0 win at Coventry on the opening day of the season on Saturday. Eriksson was handed a substantial transfer kitty by Leicester's T
Published 07 Aug, 2011 12:00am
Dilshan hits ton in Sri Lanka victory

Dilshan hits ton in Sri Lanka victory

Tillakaratne Dilshan hammered a maiden Twenty20 century to set up Sri Lanka's 35-run victory over Australia in the opening match on Saturday. The captain made a 57-ball 104 not out, smashing five sixes and 12 fours in a superb display of hard and clean hi
Published 07 Aug, 2011 12:00am
Haase claims maiden ATP title

Haase claims maiden ATP title

Dutchman Robin Haase won his first ever ATP title on Saturday as he beat experienced Spaniard Albert Montanes 6-4, 4-6, 6-1 in the clay court final. Haase, 24 and appearing in his first final, looked to have blown his chance when 30-year-old Montanes, a w
Published 07 Aug, 2011 12:00am
New Zealand, Singapore, South Korea qualify for Golf World Cup

New Zealand, Singapore, South Korea qualify for Golf World Cup

New Zealand powered to a superb closing round of 67 on Saturday to qualify for the Omega Mission Hills World Cup, with Singapore and Korea also securing their place alongside the elite. The Kiwi pairing of Michael Hendry and Gareth Paddison capped a perfe
Published 07 Aug, 2011 12:00am
Woods slides further adrift at Bridgestone

Woods slides further adrift at Bridgestone

Tiger Woods slipped further adrift at the Bridgestone Invitational on Saturday, but the 14-time major champion insisted there were encouraging signs in his game. Woods struggled on the greens, three-putting the last hole en route to a two-over par 72 at F
Published 07 Aug, 2011 12:00am
Pakistan to play in U-20 Asian Rugby

Pakistan to play in U-20 Asian Rugby

Pakistan will participate in Asian Under-20 Rugby Championship in Tashkent, Uzbekistan, starting in first week of next month. A spokesman of Pakistan Rugby Union (PRU) confirmed that Asian Rugby Football Union (ARFU) had invited Pakistan U-20 team to chip
Published 07 Aug, 2011 12:00am
Dollar retreats after prior day rally

Dollar retreats after prior day rally

The US dollar fell broadly on Friday, reversing some of the prior day's sharp gains, as Wall Street stocks rebounded and traders feared a downgrade to the United States' credit rating was imminent. The euro got an added boost after Italy's Prime Minister
Published 07 Aug, 2011 12:00am
Dollar could weaken next week

Dollar could weaken next week

The US dollar could fall next week, especially against the Swiss franc and Japanese yen, as investors look to a Federal Reserve meeting for hints of further easing as worries about the global economy grow. Stocks sold off and safe-haven assets, like the S
Published 07 Aug, 2011 12:00am
South Africa's rand turns positive

South Africa's rand turns positive

South Africa's rand erased earlier losses against the dollar on Friday, gaining more than one percent after the release of US jobs data eased fears of a recession in the world's biggest economy. In the absence of key domestic developments, the rand took i
Published 07 Aug, 2011 12:00am
African currencies outlook

African currencies outlook

Kenya's and Uganda's shillings, which have both plumbed a string of record lows this year amid soaring inflation, are likely to stay under pressure next week with importers continuing to demand hard currency. The Kenyan shilling is seen weakening further
Published 07 Aug, 2011 12:00am
Speculators trim net short dollar positions

Speculators trim net short dollar positions

Currency speculators reduced their bets against the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position slipped to $24.80 billion in the week ended
Published 07 Aug, 2011 12:00am
Canada's dollar closes higher after touching five-week low

Canada's dollar closes higher after touching five-week low

Canada's dollar closed stronger against he greenback on Friday after earlier touching a five-week low, as a modest recovery in stock markets helped offset widespread anxiety about the global economy. The US dollar fell broadly, reversing some of the previ
Published 07 Aug, 2011 12:00am
Euro set to be the most volatile of major currencies in August

Euro set to be the most volatile of major currencies in August

The euro is set to be the most volatile of the major currencies in August on fears the sovereign debt crisis could spread to Italy and Spain, although it may trade in a tighter range than last month, a Reuters poll found. This conclusion is based on the s
Published 07 Aug, 2011 12:00am
US stocks post worst week since November 2008 with wild day

US stocks post worst week since November 2008 with wild day

US stocks closed out their worst week in more than two years on Friday in a volatile session that saw the major indexes whip back and forth before the S&P 500 ended down less than a point. More than 15.9 billion shares - or more than twice the daily avera
Published 07 Aug, 2011 12:00am
New Europe hopes slam Treasuries

New Europe hopes slam Treasuries

US Treasuries tumbled in heavy trade on Friday, slamming the brakes on a safe-haven rally as Italy took measures to halt the spread of Europe's debt crisis. Long bonds followed their best day since March 2009 with the worst sell-off in nearly a year in a
Published 07 Aug, 2011 12:00am
New Europe hopes slam Treasuries

New Europe hopes slam Treasuries

US Treasuries tumbled in heavy trade on Friday, slamming the brakes on a safe-haven rally as Italy took measures to halt the spread of Europe's debt crisis. Long bonds followed their best day since March 2009 with the worst sell-off in nearly a year in a
Published 07 Aug, 2011 12:00am
Latam stocks down, volatile on global fears

Latam stocks down, volatile on global fears

Latin American stocks seesawed widely on Friday as equities briefly rebounded from a string of recent losses before long-term worries about global growth triggered another sell-off. The MSCI Latin America stock index dropped 3.35 percent near mid-day, hav
Published 07 Aug, 2011 12:00am
Market rout exposes high-flying dotcom deals

Market rout exposes high-flying dotcom deals

The latest market rout might serve as a warning to investors who have euphorically poured money into high-flying technology stocks. Pandora Media Inc and Renren are both trading below their IPO price. LinkedIn shares fell as much as 10 percent after Everc
Published 07 Aug, 2011 12:00am
Indian bond yields fall

Indian bond yields fall

Indian federal bond yields fell to a near two-week low on Friday, tracking US peers, as concerns over a global economic slowdown prompted investors to stock on government debt. The sentiment was further aided on hopes that the hazy global outlook could nu
Published 07 Aug, 2011 12:00am
Indian bond yields fall

Indian bond yields fall

Indian federal bond yields fell to a near two-week low on Friday, tracking US peers, as concerns over a global economic slowdown prompted investors to stock on government debt. The sentiment was further aided on hopes that the hazy global outlook could nu
Published 07 Aug, 2011 12:00am
TSX tumbles, touches 11-month low

TSX tumbles, touches 11-month low

Toronto stocks plunged for a second straight session on Friday, touching their weakest point since August 2010, as fears of a global recession hammered the resource-heavy market. While US stocks see-sawed, Toronto's main stock index at one point fell almo
Published 07 Aug, 2011 12:00am
Philippines raw sugar shunned; buyers chase Thai whites

Philippines raw sugar shunned; buyers chase Thai whites

Raw sugar from the Philippines struggled to find buyers because main market Japan is well stocked for now, while a drop in London whites futures from record highs spurred buying of Thai sugar, dealers said on Wednesday. The Philippines offered the J-spec
Published 07 Aug, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 06, 2011).
Published 07 Aug, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 07 Aug, 2011 12:00am
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 07 Aug, 2011 12:00am
HOW TO DONATE

HOW TO DONATE

Please deposit your Zakat donations through cash or cheques in the name of Shaukat Khanum Memorial Trust at the hospital (7A, R-3, Johar Town, Lahore). Please deposit your Zakat at any of our Offices, Diagnostic Centres, Collection Centres, any Post offic
Published 07 Aug, 2011 12:00am
My Special Moment Summer Volunteer Programme

My Special Moment Summer Volunteer Programme

Volunteering at Shaukat Khanum Hospital has proved to be the most unforgettable experience of my life. Seeing such young children struggling for survival has truly changed my perspective of life. I will never be able to forget their determination.
Published 07 Aug, 2011 12:00am
The Year at a Glance

The Year at a Glance

Once again, the past year has been an eventful one for the medical division. The hospital recorded a further increase in the level of activity in all clinical areas. The Radiology and Nuclear Medicine Departments were jointly successful in commissioning P
Published 07 Aug, 2011 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract that had ended at Rs 1313.30 commenced with a gain of 20 paisa to Rs 1313.50. The January vaida which started at Rs 1196.
Published 07 Aug, 2011 12:00am
Ginners' strike hurts business sentiment on cotton market

Ginners' strike hurts business sentiment on cotton market

Activity came down on the cotton market on Saturday in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,200, they said. In Sindh see cotton prices were unchanged at Rs 2700-2750 and in Punjab
Published 07 Aug, 2011 12:00am
Grain export premiums steady at US Gulf Coast

Grain export premiums steady at US Gulf Coast

Corn, soyabean and wheat export premiums were quietly steady at the US Gulf Coast on Friday, with buyers largely remaining on the sidelines amid volatile trade in the futures market, traders said. Soyabean futures ended lower for the third consecutive wee
Published 07 Aug, 2011 12:00am
Wheat prices turn higher on grain market

Wheat prices turn higher on grain market

Wheat prices were sharply higher on the wholesale grain market on Saturday due to rising demand by retailers, dealers said. On the cereal side wheat old and new bardan rose by Rs 40 to Rs 2600-2615 on higher demand, other items did not show any change in
Published 07 Aug, 2011 12:00am
Canadian canola futures drop

Canadian canola futures drop

ICE Canadian canola futures dropped on Thursday in a broad-based commodities sell-off on economic concerns, but it found some support from a weaker Canadian dollar. Total volume of 10,440 contracts was lightest in three weeks. Alberta canola conditions ha
Published 07 Aug, 2011 12:00am
Ukraine's HIB to boost grain exports to five million tonnes

Ukraine's HIB to boost grain exports to five million tonnes

Ukrainian grain trader HlibInvestbud (HIB) said on Thursday it planned to boost exports by 300 percent to 5 million tonnes in 2011/12, despite competition from Russia after the expiration of an export ban there. HIB emerged as one Ukraine's major grain tr
Published 07 Aug, 2011 12:00am
India's July oilmeal exports up 13 percent

India's July oilmeal exports up 13 percent

India's annual oilmeal exports rose 13 percent in July, up for the ninth month in a row, as purchases from the Middle East climbed and improved demand came from buyers in Asia, a trend which is likely to continue next month. Oilmeal exports rose to 272,30
Published 07 Aug, 2011 12:00am
Soil moisture contributes to Argentine wheat plantings

Soil moisture contributes to Argentine wheat plantings

Argentine farmers made progress toward finishing wheat plantings in the last week thanks to good soil moisture in many growing regions, the Agriculture Ministry said on Friday in its weekly report. Argentina is a top global wheat exporter and Brazil is it
Published 07 Aug, 2011 12:00am
Ivory Coast cocoa field spraying up

Ivory Coast cocoa field spraying up

Ivory Coast's Cocoa Management Committee (GCFCC) plans to spray 775,000 hectares of cocoa trees against pests for the 2011/12 season starting in October, up from 500,000 hectares this season, a top GCFCC official told Reuters on Thursday. In an interview,
Published 07 Aug, 2011 12:00am
Brazil's sugar ships queue shortens to 54 vessels

Brazil's sugar ships queue shortens to 54 vessels

The queue of ships to load sugar in world top producer Brazil shortened for the fourth week in a row, an analyst and shipping agency said this week, after a recent price spike kept buyers at bay. The number of vessels loading or scheduled to load fell to
Published 07 Aug, 2011 12:00am
Karachi Port's and Port Qasim's activities

Karachi Port's and Port Qasim's activities

The Karachi Port handled 77,383 tonnes of cargo including 40,715 tonnes of import cargo, 36,668 tonnes of export cargo and 5,666 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 40,715 tonnes compri
Published 07 Aug, 2011 12:00am
Indonesia to export 50,000 tonnes of premium rice

Indonesia to export 50,000 tonnes of premium rice

Indonesia may export 50,000 tonnes of premium quality rice to South Korea, the economic minister of Southeast Asia's largest economy said on Wednesday, making it the first shipment of the grain to the North Asian country if the deal goes through. Indonesi
Published 07 Aug, 2011 12:00am
Bruce Lee's coat fetches $77,000

Bruce Lee's coat fetches $77,000

A coat worn by Bruce Lee for his last film "Game of Death" sold for $77,000 at a rare auction of the late kung fu icon's items in Hong Kong Saturday, far above pre-sale estimates. Thirteen items went under the hammer at the sale, believed to be the larges
Published 07 Aug, 2011 12:00am
E.ON to cut as many as 10,000 jobs

E.ON to cut as many as 10,000 jobs

German utility E.ON plans to cut nearly one in eight jobs world-wide, partly in response to Chancellor Angela Merkel's decision to phase out nuclear power by 2022, a German newspaper reported on Saturday. As many as 10,000 of the utility's 85,600 employee
Published 07 Aug, 2011 12:00am
Iraq to trim zeros from currency

Iraq to trim zeros from currency

Iraq plans to redenominate its dinar currency by knocking three zeros off the nominal value of bank notes to simplify financial transactions, a senior central bank official said on Saturday. Central Bank Deputy Governor Mudher Kasim said he expected the n
Published 07 Aug, 2011 12:00am
Murdoch daughter will not join board: News Corp

Murdoch daughter will not join board: News Corp

Rupert Murdoch's daughter Elisabeth will not join the board of directors at her father's scandal-hit media empire as planned, News Corporation has said. Officials said Elisabeth, 42, the owner of the television production firm Shine Group - which News Cor
Published 07 Aug, 2011 12:00am
No break for Italian government in austerity drive: Prime Minister

No break for Italian government in austerity drive: Prime Minister

The Italian government will be hard at work throughout the holiday month of August, Prime Minister Silvio Berlusconi said Saturday, after announcing that Rome will speed up austerity measures. "We are continuing our activity without a break," Berlusconi t
Published 07 Aug, 2011 12:00am
Indian bank unions to discuss more strike action

Indian bank unions to discuss more strike action

India's bank unions will next week decide whether to take further strike action to protest against plans to modernise the operations of the country's financial institutions, union officials said. Union officials claimed that as many as one million governm
Published 07 Aug, 2011 12:00am
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