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Print - 2012-09-16
Treasuries outlook: bonds sag as Fed move raises inflation jitters

Treasuries outlook: bonds sag as Fed move raises inflation jitters

The US Treasuries market stumbled on Friday with the 30-year bond suffering its worst week in over three years, as the Federal Reserve's latest stimulus program raised inflation worries and spurred investors to dump bonds. While the latest price data this
Published 16 Sep, 2012 12:00am
Anti-Islam movie: LHC approached to ban on access

Anti-Islam movie: LHC approached to ban on access

A petition has been filed in the Lahore High Court seeking a ban on the access to blasphemous movie named "Innocence of Muslims" on internet. A citizen Shoaib Ahmad through Advocate Fahad Ahmad Siddiqi stated that the blasphemous movie had been produced b
Published 16 Sep, 2012 12:00am
Four killed as bus overturns

Four killed as bus overturns

At least four persons were killed while 50 others injured when a speedy passenger bus overturned here in Dera Ghazi Khan on Saturday. According to rescue sources, a Dera Ismail Khan bound passenger bus coming from Karachi turned turtle near Trimman check
Published 16 Sep, 2012 12:00am
LDA executes development projects to improve physical infrastructure

LDA executes development projects to improve physical infrastructure

Lahore Development Authority (LDA) will execute a number of development projects in various localities of the city at a total cost of more than Rs 1 billion for improving the physical infrastructure in the provincial metropolis. This was decided in the Go
Published 16 Sep, 2012 12:00am
Labour department comes into action against illegal factories

Labour department comes into action against illegal factories

The labour department and other relevant agencies have come into action against illegal factories, offices and business premises in the city in the aftermath of the tragic inferno in Lahore and Karachi that left over 300 dead two days earlier. According t
Published 16 Sep, 2012 12:00am
Transfer/posting orders of police officers issued

Transfer/posting orders of police officers issued

Inspector General of Police (IGP), Punjab, Mohammad Habib-ur-Rehman has issued transfer/posting orders of four Police officers. According to notification Captain Syed Ahmed Mubeen (Retd) SSP CTD Punjab, is transferred and posted as Chief Traffic Officer,
Published 16 Sep, 2012 12:00am
Women urged to wear Hijab

Women urged to wear Hijab

Nusrat Pervaiz Ashraf, wife of Prime Minister, has suggested the Muslim women to observe Hijab, saying it would not obstruct them making progress. The First Lady was addressing a Hijab Conference organised by the Women and Family Commission (WFC) of Jamaa
Published 16 Sep, 2012 12:00am
Shortfall crosses 4000 megawatts mark

Shortfall crosses 4000 megawatts mark

Power shortfall has crossed 4000MW to 4141MW during the last 24 hours, with an increase in demand to 16310MW against generation of 12169MW. The Energy Management Cell sources said increase in power shortfall is due to short supply of fuel and closure of f
Published 16 Sep, 2012 12:00am
Zahid Aslam, Muhammad Boota elected unopposed in FCCI elections

Zahid Aslam, Muhammad Boota elected unopposed in FCCI elections

The members of Election Commission of the Faisalabad Chamber of Commerce and Industry (FCCI) for the year of 2012-13 Ayub Sabir, Shahid Ahmed Sheikh and Abdus Satar Alvi while addressing to the Media informed that 14th September 2012 was scheduled as the
Published 16 Sep, 2012 12:00am
Punjab chief minister grieved

Punjab chief minister grieved

Punjab Chief Minister Muhammad Shahbaz Sharif on Saturday has expressed deep sense of grief and sorrow over the sad demise of renowned writer Hajra Masroor. In his condolence message, the CM said that the late Hajra Massoor was a trend setter writer, who
Published 16 Sep, 2012 12:00am
Commodity prices soar as Fed launches QE3

Commodity prices soar as Fed launches QE3

Commodities surged this week, with many striking multi-month peaks after the Federal Reserve embarked upon new stimulus plans to boost the US economy, a major consumer of raw materials. Global markets rallied after the Fed said Thursday it would start a t
Published 16 Sep, 2012 12:00am
New York gold posts second day of gains after Fed stimulus

New York gold posts second day of gains after Fed stimulus

Gold edged up on Friday, extending the previous session's 2 percent rally to hit a six-month high after the US Federal Reserve unleashed another round of bullion-friendly stimulus. Platinum group metals gained sharply on supply worries due to unrest among
Published 16 Sep, 2012 12:00am
Nigeria to double cocoa output

Nigeria to double cocoa output

Nigeria, the world's fourth biggest cocoa grower, aims to double output to 500,000 tonnes over the next three years as it tries to expand its exports beyond oil, an industry body said on Friday. The Cocoa Processors Association of Nigeria (COPAN) said the
Published 16 Sep, 2012 12:00am
Thailand signs deals to sell 7.3 million tonnes of rice

Thailand signs deals to sell 7.3 million tonnes of rice

Thailand has signed contracts to sell 7.3 million tonnes of rice from its stocks to foreign governments and shipments would run from now until late next year, the commerce minister said on Wednesday. Private exporters were, however, sceptical whether the
Published 16 Sep, 2012 12:00am
Australia's 2012-13 wheat crop seen shrinking, dry weather hurts

Australia's 2012-13 wheat crop seen shrinking, dry weather hurts

Australia's 2012/13 wheat output may drop almost a quarter from last year's record levels as dry weather curbs yields, analysts said, heightening global food supply worries triggered by a historic US drought and poor rains in the Black Sea region.
Published 16 Sep, 2012 12:00am
Egypt to lift ban on rice exports

Egypt to lift ban on rice exports

Egypt will resume exports of rice in October, lifting a ban imposed since 2008 to protect the domestic market, daily newspaper al-Borsa cited the agriculture minister as saying. Egypt, once a major medium-grain rice exporter, banned rice exports in March
Published 16 Sep, 2012 12:00am
China buying more Indonesia palm oil

China buying more Indonesia palm oil

Palm oil exports to China from top producer Indonesia look set to rise this year, a Jakarta-based industry group said on Monday, despite fears that the slowdown in the world's second largest economy may reduce consumption of the edible oil. China is the w
Published 16 Sep, 2012 12:00am
China begins second year of cotton stockpiling

China begins second year of cotton stockpiling

China, kicks off the second-year of buying for its cotton stockpile, continuing its drive to protect local farmers and stabilise domestic production. Beijing bought 3.13 million tonnes of cotton in the last crop year, helping to artificially prop up local
Published 16 Sep, 2012 12:00am
August cotton imports up 48 percent

August cotton imports up 48 percent

China's cotton imports in August rose 48 percent on the year to 305,600 tonnes, a report on an industry website showed on Tuesday. Total imports in the first eight months of the year were 3.77 million tonnes, up 123 percent from the same period last year,
Published 16 Sep, 2012 12:00am
India sugar rises on festive demand, crushing delay

India sugar rises on festive demand, crushing delay

Indian sugar futures rose to the highest level in a week on Friday on an expected rise in demand during the festivals, a delay in cane crushing and on the back of rising overseas prices. New York raw sugar futures jumped more than 1 percent as markets rea
Published 16 Sep, 2012 12:00am
Anti-Putin protest draws tens of thousands in Russia

Anti-Putin protest draws tens of thousands in Russia

Tens of thousands of demonstrators marched though Moscow under streaming banners, flags and balloons on Saturday to demand an end to President Vladimir Putin's long rule and to breathe life into their protest movement. Protesters chanted "Russia without P
Published 16 Sep, 2012 12:00am
China's Xi finally appears in public amid rumours over health

China's Xi finally appears in public amid rumours over health

Chinese leader-in-waiting Xi Jinping appeared in public on Saturday for the first time in about two weeks, visiting a Beijing university in what appeared to be an effort to dispel rumours of serious illness and a troubled succession. In a brief English-la
Published 16 Sep, 2012 12:00am
Zimbabwe's Prime Minister Tsvangirai weds despite court order

Zimbabwe's Prime Minister Tsvangirai weds despite court order

Zimbabwe's Prime Minister Morgan Tsvangirai and his new fiancee held their wedding on Saturday despite a court order that cancelled his marriage licence after his ex-lover tried to block the union. Tsvangirai, 60, dressed in a black suit and his bride Eli
Published 16 Sep, 2012 12:00am
Remains of Neil Armstrong buried at sea

Remains of Neil Armstrong buried at sea

The cremated remains of legendary American astronaut Neil Armstrong were scattered at sea Friday, in a ceremony aboard a US aircraft carrier paying final tribute to the first man to set foot on the moon, NASA said. US Navy personnel carried Armstrong's re
Published 16 Sep, 2012 12:00am
US renews waivers of Iran sanctions for Japan, EU nations

US renews waivers of Iran sanctions for Japan, EU nations

The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the Opec nation's crude oil, Secretary of State Hillary Clinton said on Friday. The renewal means banks in the 11 countries hav
Published 16 Sep, 2012 12:00am
Iran denies jump in Turkish imports of its oil

Iran denies jump in Turkish imports of its oil

Iran denied on Saturday that Turkey sharply increased its imports last month of Iranian crude in the face of a Western embargo, saying its exports had held constant. Around 200,000 barrels per day (bpd) of Iranian crude were discharged at Turkey's import
Published 16 Sep, 2012 12:00am
Iran denies jump in Turkish imports of its oil

Iran denies jump in Turkish imports of its oil

Iran denied on Saturday that Turkey sharply increased its imports last month of Iranian crude in the face of a Western embargo, saying its exports had held constant. Around 200,000 barrels per day (bpd) of Iranian crude were discharged at Turkey's import
Published 16 Sep, 2012 12:00am
German opposition leader tells party can unseat Merkel

German opposition leader tells party can unseat Merkel

Germany's former Foreign Minister Frank-Walter Steinmeier appealed to the emotions of his centre-left opposition party on Saturday with an attack on Chancellor Angela Merkel's coalition and a vow to win back power in next year's election. Steinmeier, one
Published 16 Sep, 2012 12:00am
Fighting in Russia's Dagestan region kills 6

Fighting in Russia's Dagestan region kills 6

Five militants and one police officer were killed in fighting in Russia's North Caucasus province of Dagestan on Saturday, law enforcement authorities said. Security forces exchanged gunfire with militants they discovered in the basement of a kindergarten
Published 16 Sep, 2012 12:00am
Warren Buffett says cancer radiation treatment completed

Warren Buffett says cancer radiation treatment completed

Berkshire Hathaway Inc Chief Executive Warren Buffett has said he has completed final radiation treatment for prostate cancer, the Omaha World-Herald newspaper reported on Saturday. Buffett, the world's third-richest person, told executives from newspaper
Published 16 Sep, 2012 12:00am
Attacks kill five people in Iraq

Attacks kill five people in Iraq

Gunmen shot dead four people including a police colonel in Iraq on Saturday, and a policeman was killed in a bombing, security and medical officials said. Gunmen attacked a house in the village of Hajj Ali, south of the main northern city of Mosul, killin
Published 16 Sep, 2012 12:00am
Myanmar activist cancels US trip in passport row

Myanmar activist cancels US trip in passport row

A leading Myanmar activist, pivotal in massive protests in 1988 and 2007, has refused to visit the US to collect a democracy award after fellow dissidents were denied passports, a member of his group said Saturday. Min Ko Naing, who was released from jail
Published 16 Sep, 2012 12:00am
India landslide death toll jumps to 45

India landslide death toll jumps to 45

The death toll from a series of landslides and floods reached 45 in northern India on Saturday as rescuers pulled 17 more bodies from the debris, a state government minister told AFP. Most of the deaths occurred in the early hours of Friday after heavy do
Published 16 Sep, 2012 12:00am
NYC agencies must cut $2 billion over 2 years: budget memo

NYC agencies must cut $2 billion over 2 years: budget memo

Amid an uncertain economic climate, New York City agencies must cut spending by a total of $2 billion in the current fiscal year and the following one, according to a budget memo issued on Friday. "We will once again need to curtail planned spending, and
Published 16 Sep, 2012 12:00am
Anti-Japan protests erupt in China over islands row

Anti-Japan protests erupt in China over islands row

Thousands of Chinese besieged the Japanese embassy in Beijing on Saturday, hurling rocks, eggs and bottles, and protests broke out in other Chinese cities in an angry dispute over a group of remote islands. Paramilitary police with shields and batons barr
Published 16 Sep, 2012 12:00am
Former Italian foreign minister running for Nato top job

Former Italian foreign minister running for Nato top job

Italy is backing former foreign minister Franco Frattini as Nato's next secretary general, the country's current top diplomat said Saturday. Frattini "has all the right characteristics to be the best possible secretary general of the alliance in years tha
Published 16 Sep, 2012 12:00am
Brahimi meets Assad, warns of world threat

Brahimi meets Assad, warns of world threat

International peace envoy Lakhdar Brahimi warned after meeting President Bashar al-Assad on Saturday that the worsening conflict in Syria threatens both the region and the world at large. Russia, a strong ally of Syria, insisted it was not "clinging" to a
Published 16 Sep, 2012 12:00am
Bomb kills 11 women and children in Afghan south

Bomb kills 11 women and children in Afghan south

A bomb attack killed 11 women and children from two families, destroying their vehicle in southern Afghanistan, officials said Saturday. The device planted on the side of the road struck their minivan on Friday afternoon in Gereshk district of Helmand pro
Published 16 Sep, 2012 12:00am
Afghan policeman kills two Nato soldiers

Afghan policeman kills two Nato soldiers

An Afghan policeman killed two soldiers from the Nato-led force in southern Afghanistan on Saturday before he was himself shot dead, security and coalition officials said. The incident brought to 47 the number of foreign military personnel killed in insid
Published 16 Sep, 2012 12:00am
White House, Republicans trade blame over looming spending cuts

White House, Republicans trade blame over looming spending cuts

The White House presented a detailed breakdown Friday of $109 billion in across-the-board spending cuts scheduled for January, setting off a fresh blame game between the Obama administration and Republicans over responsibility for what both say is a preve
Published 16 Sep, 2012 12:00am
Obama holds three-point lead over Romney in new poll

Obama holds three-point lead over Romney in new poll

US President Barack Obama is leading his Republican rival Mitt Romney by three points, even though many Americans remain dissatisfied with the situation in the country, a new opinion poll shows. The survey joint survey by CBS News and the New York Times s
Published 16 Sep, 2012 12:00am
ICC award winners

ICC award winners

International Cricket Council (ICC) award winners announced in Colombo on Saturday:
Published 16 Sep, 2012 12:00am
Bryan twins keep USA alive against Spain

Bryan twins keep USA alive against Spain

The United States won back ground against holders Spain in the Davis Cup semi-final Saturday, with twins Bob and Mike Bryan beating Marc Lopez and Marcel Granollers in the doubles to make the tie 2-1. The twins from California beat the Catalan pair 6-3, 3
Published 16 Sep, 2012 12:00am
Federer, Wawrinka defeat throws play-off wide open

Federer, Wawrinka defeat throws play-off wide open

Roger Federer and Stanislas Wawrinka slumped to a 6-4, 6-2, 5-7, 6-3 defeat to Robin Haase and Jean-Julien Rojer on Saturday as the Netherlands stayed alive in their Davis Cup World Cup play-off with Switzerland. Federer and Wawrinka, who were doubles gol
Published 16 Sep, 2012 12:00am
Sangakkara bags ICC awards hat-trick

Sangakkara bags ICC awards hat-trick

Prolific Sri Lankan batsman Kumar Sangakkara stole the show with a hat-trick of International Cricket Council (ICC) awards in Colombo on Saturday. The 34-year-old batsman-wicketkeeper bagged the Sir Garfield Sobers Trophy after being named Cricketer of th
Published 16 Sep, 2012 12:00am
Hewitt, Guccione hand Australia lead over Germany

Hewitt, Guccione hand Australia lead over Germany

Lleyton Hewitt and Chris Guccione's doubles victory gave Australia a 2-1 lead over Germany on Saturday in their Davis Cup World Group play-off to earn a key advantage going into the last day. Australia are bidding to return to the World Group for the firs
Published 16 Sep, 2012 12:00am
NH&MP reach semis of Touch Ball Championship

NH&MP reach semis of Touch Ball Championship

National Highways and Motorway Police N-5 Central qualified for semi-finals in eighth FFC National Touch Ball Championship after defeating the teams of Punjab and Balochistan in the league matches. In details, All Pakistan Touch Ball Federation is organis
Published 16 Sep, 2012 12:00am
Pathan bowls India to win in warm-up

Pathan bowls India to win in warm-up

Irfan Pathan grabbed five wickets as India prepared for the World Twenty20 with a 26-run victory over hosts Sri Lanka in a warm-up match in Colombo on Saturday. The paceman finished with 5-25 off four overs as India bowled Sri Lanka out for 120 after post
Published 16 Sep, 2012 12:00am
Deccan Chargers thrown out of IPL

Deccan Chargers thrown out of IPL

Indian Premier League (IPL) side Deccan Chargers have been shut down for failing to comply with a deadline to pay overdue player fees, organisers of the Twenty20 league said on Saturday. The Board of Control for Cricket in India (BCCI) said they made the
Published 16 Sep, 2012 12:00am
Scholes scores in 700th United match as City held

Scholes scores in 700th United match as City held

Manchester United veteran Paul Scholes marked his 700th appearance for the club with a goal in a 4-0 Premier League win over Wigan on Saturday as champions Manchester City were held to a 1-1 draw by Stoke. Elsewhere, Arsenal thrashed bottom of the table S
Published 16 Sep, 2012 12:00am
Bullish Taiwan dollar bets near eight-month high

Bullish Taiwan dollar bets near eight-month high

Bullish bets on the Taiwan dollar hit a near eight-month high in the last two weeks as hopes for more global stimulus and European steps to tackle the region's debt crisis restored some confidence in riskier assets, a Reuters poll showed on Thursday.
Published 16 Sep, 2012 12:00am
Canadian dollar relinquishes recent highs

Canadian dollar relinquishes recent highs

The Canadian dollar surrendered gains against the US currency on Friday, as grim manufacturing sales data dampened some of the euphoria from the Federal Reserve's aggressive new stimulus program. Canadian factory sales fell 1.5 percent in July from June v
Published 16 Sep, 2012 12:00am
Dollar drops broadly as Fed spurs risk taking

Dollar drops broadly as Fed spurs risk taking

The dollar fell broadly on Friday, hitting a four-month low against the euro as investors embraced riskier assets a day after the US Federal Reserve announced aggressive new stimulus to bolster the economic recovery. The Fed's decision, plus more confiden
Published 16 Sep, 2012 12:00am
Latam FX gains, Brazil steps up intervention

Latam FX gains, Brazil steps up intervention

Latin American currencies firmed Friday on bets that more US monetary stimulus will push a flood of investment into the region, with Brazil's real firming despite stepped-up intervention efforts. The Mexican peso rose to more than a five-month high and th
Published 16 Sep, 2012 12:00am
Kenyan, Nigerian currencies seen easing

Kenyan, Nigerian currencies seen easing

The Kenyan shilling and the Nigerian naira are expected to weaken against the dollar in the next week to Thursday, while the Ghana Cedi is expected to strengthen, traders said.
Published 16 Sep, 2012 12:00am
Speculators short US dollar in latest week

Speculators short US dollar in latest week

Currency speculators again turned negative on the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the US dollar's short position in the week ended September 11 totalled $6.176
Published 16 Sep, 2012 12:00am
Aussie, New Zealand dollar seen supported despite risks

Aussie, New Zealand dollar seen supported despite risks

The high-flying Australian and New Zealand dollars may pull back modestly in the coming months on falling commodity prices and a slowdown in China, but should stay remarkably well supported overall, a Reuters poll showed. Median forecasts from around 50 a
Published 16 Sep, 2012 12:00am
Wall Street ends at multi-year highs on Fed

Wall Street ends at multi-year highs on Fed

US stocks rose for a fourth straight session on Friday to close out the week at nearly five-year highs after the Federal Reserve took bold action to spur the economy, a move that could keep equities buoyed in the coming months. Shares of Apple Inc, the la
Published 16 Sep, 2012 12:00am
Russell 2000 hits highest since May 2011

Russell 2000 hits highest since May 2011

Small- and mid-capitalisation stocks jumped on Friday as the Federal Reserve's move to boost the economy helped keep investor optimism high, with the Russell 2000 index hitting its highest intraday level since May 2011. Among the biggest gainers, shares o
Published 16 Sep, 2012 12:00am
Port Qasim's activities

Port Qasim's activities

A cargo volume of 22,749 tonnes comprising 16,671 tonnes of import cargo and 6,078 tonnes of export cargo inclusive 627 loaded & empty containers (TEUs) was handled at Port Qasim during last 24 hours on Saturday. The total import cargo of 16,671 tonnes in
Published 16 Sep, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
THE RUPEE: no change

THE RUPEE: no change

The rupee-dollar parity was unchanged on the open market on Saturday in process of slow trading, dealers said. The rupee maintained its overnight levels against the dollar for buying and selling at 94.60 and 94.80, they said. While, the rupee continued it
Published 16 Sep, 2012 12:00am
THE RUPEE: no change

THE RUPEE: no change

The rupee-dollar parity was unchanged on the open market on Saturday in process of slow trading, dealers said. The rupee maintained its overnight levels against the dollar for buying and selling at 94.60 and 94.80, they said. While, the rupee continued it
Published 16 Sep, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (September 15, 2012).

Published 16 Sep, 2012 12:00am
What are (HCFCs)?

What are (HCFCs)?

HCFCs are a group of ozone-depleting substances (ODS) controlled under the Montreal Protocol on Substances that Deplete the Ozone Layer. HCFCs were found to have a negative effect on the earth's stratospheric ozone layer which protects humans, animals and
Published 16 Sep, 2012 12:00am
The 2012 Ozone Day - 25 Years of Montreal Protocol

The 2012 Ozone Day - 25 Years of Montreal Protocol

Protecting our atmosphere for generations to come: On 16 September 1987, twenty four Parties signed the Montreal Protocol on Substances that Deplete the Ozone Layer. In 1998, in recognition of the Protocol's unique accomplishments, the General Asse
Published 16 Sep, 2012 12:00am
MONTREAL PROTOCOL 25 - 1987-2012

MONTREAL PROTOCOL 25 - 1987-2012

What is Ozone? Ozone is a natural, colourless gas made up of oxygen (O3) which is very active. Ozone also forms a gaseous layer, mostly in the stratosphere (the upper atmosphere) 15-30 km above the surface of the earth, and protects like on earth b
Published 16 Sep, 2012 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was down and the January contract was unchanged on the forward cottonseeds oilcake market on Saturday in process of trading, dealers said. The December vaida closed at Rs 446.90 and it commenced with a fall of 70 paisa at Rs 446.20, the
Published 16 Sep, 2012 12:00am
Spot rate falls on cotton market

Spot rate falls on cotton market

Spot rate drifted lower on the cotton market on Saturday as phutti arrivals accelerated into the ginneries, dealers said. Official spot rate was down by Rs 50 to Rs 5600, they said. In the ready business, over 4000 bales of cotton changed hands between Rs
Published 16 Sep, 2012 12:00am
Easier trend on grain market

Easier trend on grain market

Bears dominated the wholesale grain market on Saturday in the process of modest trading, dealers said. Most of the changes were seen on the seeds side, where castorseeds Lasbela gained Rs 50 to Rs 1900-1950, castorseeds Sindh low type was up by Rs 75 to R
Published 16 Sep, 2012 12:00am
US Midwest corn, soya bids mixed

US Midwest corn, soya bids mixed

Spot basis bids for corn and soyabeans showed mixed changes in the interior US Midwest on Friday as the corn harvest expanded and some farmers began cutting soyabeans, grain dealers said. The biggest move was in the soyabean basis at Lafayette, Indiana, w
Published 16 Sep, 2012 12:00am
Brazilian arabica takes place in Europe's coffee market

Brazilian arabica takes place in Europe's coffee market

Brisk trade in Brazilian arabica took place in Europe's cash coffee market this week as a sharp rise in futures made producers more willing to sell, dealers said on Friday. "I think there were improved export offers from Brazil this week with the rise in
Published 16 Sep, 2012 12:00am
Cameroon farmgate cocoa prices rise

Cameroon farmgate cocoa prices rise

Farmgate cocoa prices in the world's fifth-largest grower, Cameroon, rose as much as 10 percent by mid-September in some areas compared with the previous month due to increased demand and better growing conditions, officials said on Friday. In the main co
Published 16 Sep, 2012 12:00am
Nikkei to log best yearly gain since 2005

Nikkei to log best yearly gain since 2005

Japan's Nikkei average will gain 20 percent this year, its biggest rise since 2005, with investors pinning their hopes on more policies to tackle the euro zone debt crisis and strong earnings to entice foreign investors back to Japanese stocks. The Nikkei
Published 16 Sep, 2012 12:00am
France, Germany at odds over pace of EU bank reform

France, Germany at odds over pace of EU bank reform

German reticence over how fast to centralise banking supervision in Europe stoked tensions with France on Saturday, which urged prompt implementation of a plan designed to tackle the financial crisis and help underpin the single currency. The reform, whic
Published 16 Sep, 2012 12:00am
Japan warns of FX action, BoJ under pressure as Fed move spurs yen

Japan warns of FX action, BoJ under pressure as Fed move spurs yen

Japanese policymakers threatened on Friday to intervene in the currency market and piled fresh pressure on the central bank to ease monetary policy to support the export-reliant economy, after the US Federal Reserve's bold stimulus measures nudged up the
Published 16 Sep, 2012 12:00am
Global body IOSCO to study Libor, other benchmarks

Global body IOSCO to study Libor, other benchmarks

Global securities regulators are to study how the interest rate Libor, which was rigged by British banks including Barclays, and other money market benchmarks should be supervised and how they are set, to restore market confidence. Barclays, hit with a re
Published 16 Sep, 2012 12:00am
JGBs mostly rise

JGBs mostly rise

Japanese government bond prices mostly rose on Friday on growing hopes the Bank of Japan would eventually follow the US Federal Reserve's latest easing steps with some stimulus action of its own. The 10-year JGB futures contract for December ended up 0.27
Published 16 Sep, 2012 12:00am
JGBs mostly rise

JGBs mostly rise

Japanese government bond prices mostly rose on Friday on growing hopes the Bank of Japan would eventually follow the US Federal Reserve's latest easing steps with some stimulus action of its own. The 10-year JGB futures contract for December ended up 0.27
Published 16 Sep, 2012 12:00am
UK looks to ease path to market for capital-hungry tech firms

UK looks to ease path to market for capital-hungry tech firms

Aware that fast-growing technology companies often find it easier to raise capital in New York than London, the British government is looking again at lighter stock market listing rules or even a new market to foster growth in the sector. With measures to
Published 16 Sep, 2012 12:00am
German setbacks hit hopes of European IPO revival

German setbacks hit hopes of European IPO revival

Hopes of an Autumn revival in Europe's new listings market have taken a step back, with cancellations by two German firms this week showing the gap between what investors are willing to pay, and what companies think they are worth, is as wide as ever.
Published 16 Sep, 2012 12:00am
Latam stocks remain up

Latam stocks remain up

Latin American stocks steadied Friday afternoon from earlier surges as investors poured money into risk assets a day after the US Federal Reserve announced a third round of aggressive monetary stimulus. The MSCI Latin American stock index rose 1.74 percen
Published 16 Sep, 2012 12:00am
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