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Print - 2012-09-18
PTI membership drive attains new milestone

PTI membership drive attains new milestone

Pakistan Tehreek-e-Insaf (PTI) on Monday claimed that the party's successful membership drive in recent months has now crossed over 10 million members. A senior PTI leader who wished not to be named told Business Recorder that the party has now ove
Published 18 Sep, 2012 12:00am
IDEAS 2012 to attract reputed foreign defence companies

IDEAS 2012 to attract reputed foreign defence companies

The 3rd meeting of the steering committee of IDEAS 2012 is to be held on September 19th to review the preparations of the 7th International Defence Exhibition and Seminar 2012 (IDEAS-2012) that is to be held from 7th to 11th November at Karachi Expo Cente
Published 18 Sep, 2012 12:00am
Pakistan Navy's exercise Seaspark 2012 commences

Pakistan Navy's exercise Seaspark 2012 commences

Pakistan Navy's exercise Seaspark 2012 commenced here on Monday. A Pakistan Navy spokesman said that the opening briefing was held at the PN Dockyard. It was also attended by the Chief of the Naval Staff, Admiral Muhammad Asif Sandila. The Navy spokesman
Published 18 Sep, 2012 12:00am
21 commodities' price up in August: Fafen

21 commodities' price up in August: Fafen

Data collected for August shows the prices of 21 commodities went up as compared with the preceding month while those of 18 came down and 12 remained unchanged, says a Free and Fair Election Network (Fafen) report. The Fafen report released on Monday said
Published 18 Sep, 2012 12:00am
Hoti urges parties to promote politics of serving humanity

Hoti urges parties to promote politics of serving humanity

Chief Minister, Khyber Pakhtunkhwa, Ameer Haider Khan Hoti has said that the people criticising the development of Mardan has no right to practice politics in the district. He said that Abdul Wali Khan University, Bacha Khan Medical College, Agriculture a
Published 18 Sep, 2012 12:00am
Shahbaz warns police against trait of neglecting responsibilities

Shahbaz warns police against trait of neglecting responsibilities

Punjab Chief Minister Muhammad Shahbaz Sharif has said that maintenance of law and order in the society is the responsibility of police and no laxity would be tolerated in this regard. He said he was personally monitoring law and order situation in Lahore
Published 18 Sep, 2012 12:00am
Traders express concern over poor sanitation system

Traders express concern over poor sanitation system

Local traders hailing from different markets and bazaars have voice concern over the pathetic and faulty sanitation system, which was caused huge losses to them in the recent rains, demanding for refurbishment of sanitation and sewerage lines and de-silti
Published 18 Sep, 2012 12:00am
Nadra to provide free of cost CNICs to flood victims

Nadra to provide free of cost CNICs to flood victims

National Database & Registration Authority (Nadra) has made special arrangements to help flood victims of Sindh, South Punjab and Balochistan in obtaining computerised national identity cards (CNICs) free of cost. Nadra spokesperson stated this in a state
Published 18 Sep, 2012 12:00am
Campus of FAST National University at Faisalabad inaugurated

Campus of FAST National University at Faisalabad inaugurated

The campus of FAST National University at Chiniot Faisalabad was inaugurated by Senator Wasim Sajjad, the Chancellor of the University. Former president KCCI Qaiser Ahmad Sheikh, LCCI president Irfan Qaiser Sheikh, Director of the campus Dr Aftab Maroof a
Published 18 Sep, 2012 12:00am
Profit after tax of POL increases to Rs 11.852 billion

Profit after tax of POL increases to Rs 11.852 billion

The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 11.852 billion in the year ended June 30, 2012 (FY12) as compared to Rs 100.815 billion earned in FY11. The company's earning per share increased to Rs 50.11 in the period under
Published 18 Sep, 2012 12:00am
Profit after tax of POL increases to Rs 11.852 billion

Profit after tax of POL increases to Rs 11.852 billion

The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 11.852 billion in the year ended June 30, 2012 (FY12) as compared to Rs 100.815 billion earned in FY11. The company's earning per share increased to Rs 50.11 in the period under
Published 18 Sep, 2012 12:00am
NRL profit after tax declines to Rs 2.618 billion

NRL profit after tax declines to Rs 2.618 billion

The profit after taxation of National Refinery Limited (NRL) has declined to Rs 2.618 billion in the year ended June 30, 2012 (FY12) as compared to Rs 6.568 billion earned in the year FY11. The company's earning per share reduced to Rs 32.74 in the period
Published 18 Sep, 2012 12:00am
NRL profit after tax declines to Rs 2.618 billion

NRL profit after tax declines to Rs 2.618 billion

The profit after taxation of National Refinery Limited (NRL) has declined to Rs 2.618 billion in the year ended June 30, 2012 (FY12) as compared to Rs 6.568 billion earned in the year FY11. The company's earning per share reduced to Rs 32.74 in the period
Published 18 Sep, 2012 12:00am
Profit after tax of ACPL increases

Profit after tax of ACPL increases

The profit after tax of Attock Cement Pakistan Limited (ACPL) has increased to Rs 1,436.649 million in the year ended June 30, 2012 (FY12) as compared to Rs 684.429 million earned in the corresponding period in FY11. The company's earning per share increa
Published 18 Sep, 2012 12:00am
Profit after tax of ACPL increases

Profit after tax of ACPL increases

The profit after tax of Attock Cement Pakistan Limited (ACPL) has increased to Rs 1,436.649 million in the year ended June 30, 2012 (FY12) as compared to Rs 684.429 million earned in the corresponding period in FY11. The company's earning per share increa
Published 18 Sep, 2012 12:00am
'Not a single penny invested in pharma sector for last two years'

'Not a single penny invested in pharma sector for last two years'

Despite the findings of independent international consultants that pharmaceuticals are a 'sunrise industry' with 'tremendous growth potential', not a single penny has been invested in this sector for the last two years and overall investments have stopped
Published 18 Sep, 2012 12:00am
Valuable equipment stolen from PSQCA stores

Valuable equipment stolen from PSQCA stores

Corruption and irregularities are rampant in Pakistan Standard and Quality Control Authority (PSQCA) so much so that even the equipment and installations of the authority's offices are now being stolen. During the shifting of offices recently, a large num
Published 18 Sep, 2012 12:00am
APML rejects increase in POL prices

APML rejects increase in POL prices

All Pakistan Muslim League (APML) has rejected the recent increase in POL prices and said that so called champion of democracy have increased 55 to 60 rupees in POL prices in the last four years of government. Aasia Ishaque, Central Secretary Information
Published 18 Sep, 2012 12:00am
APL posts Rs 4.120 billion profit after tax

APL posts Rs 4.120 billion profit after tax

Attock Petroleum Limited (APL) has posted Rs 4.120 billion as profit after tax in the year ended June 30, 2012 as compared to Rs 4.256 billion earned in FY11. The company's earning per share stood at Rs 59.61 in the period under review against Rs 61.58 in
Published 18 Sep, 2012 12:00am
APL posts Rs 4.120 billion profit after tax

APL posts Rs 4.120 billion profit after tax

Attock Petroleum Limited (APL) has posted Rs 4.120 billion as profit after tax in the year ended June 30, 2012 as compared to Rs 4.256 billion earned in FY11. The company's earning per share stood at Rs 59.61 in the period under review against Rs 61.58 in
Published 18 Sep, 2012 12:00am
ARL profit after tax increases to Rs 2.734 billion

ARL profit after tax increases to Rs 2.734 billion

The profit after tax of Attock Refinery Limited (ARL) has increased to Rs 2.734 billion in the year ended June 30, 2012 (FY12) as compared to Rs 2.185 billion earned in FY11. The company's earning per share from refinery operations increased to Rs 13.44 i
Published 18 Sep, 2012 12:00am
ARL profit after tax increases to Rs 2.734 billion

ARL profit after tax increases to Rs 2.734 billion

The profit after tax of Attock Refinery Limited (ARL) has increased to Rs 2.734 billion in the year ended June 30, 2012 (FY12) as compared to Rs 2.185 billion earned in FY11. The company's earning per share from refinery operations increased to Rs 13.44 i
Published 18 Sep, 2012 12:00am
Nishat Power's profit after tax increases to Rs 2.036 billion

Nishat Power's profit after tax increases to Rs 2.036 billion

The profit after tax of Nishat Power Limited has increased to Rs 2.036 billion in the year ended June 30, 2012 (FY12) as compared to Rs 1.879 billion earned in FY11. The company's earning per share increased to Rs 5.752 in the period under review against
Published 18 Sep, 2012 12:00am
Nishat Power's profit after tax increases to Rs 2.036 billion

Nishat Power's profit after tax increases to Rs 2.036 billion

The profit after tax of Nishat Power Limited has increased to Rs 2.036 billion in the year ended June 30, 2012 (FY12) as compared to Rs 1.879 billion earned in FY11. The company's earning per share increased to Rs 5.752 in the period under review against
Published 18 Sep, 2012 12:00am
Last date for admissions announced

Last date for admissions announced

The Liaquat University of Medical and Health Science (LUMHS) Jamshoro has announced that the last date for the submission of application forms for admissions in MBBS and BDS courses (session 2012-2013) has been extended for three days. The admission forms
Published 18 Sep, 2012 12:00am
Al-Tuwairqi inaugurates Reverse Osmosis Plant

Al-Tuwairqi inaugurates Reverse Osmosis Plant

Pakistan's largest Reverse Osmosis (RO) Plant installed at one place, having a capacity of 6500 m3/day, was inaugurated recently by Sharjeel Azhar, CEO, Al-Ittefaq Steel Products Company (ISPC), a group company of Al-Tuwairqi of the Kingdom of Saudi Arabi
Published 18 Sep, 2012 12:00am
Profit after tax of Fauji Cement increases to Rs 552.590 million

Profit after tax of Fauji Cement increases to Rs 552.590 million

The profit after tax of Fauji Cement Company Limited has increased to Rs 552.590 million in the year ended June 30, 2012 (FY12) as compared to Rs 425.661 million in the same period in FY11. The board of directors of the company in its meeting declared tha
Published 18 Sep, 2012 12:00am
Profit after tax of Fauji Cement increases to Rs 552.590 million

Profit after tax of Fauji Cement increases to Rs 552.590 million

The profit after tax of Fauji Cement Company Limited has increased to Rs 552.590 million in the year ended June 30, 2012 (FY12) as compared to Rs 425.661 million in the same period in FY11. The board of directors of the company in its meeting declared tha
Published 18 Sep, 2012 12:00am
TDAP not updating websites

TDAP not updating websites

The official website of Trade Development Authority of Pakistan (TDAP) has apparently not been updated for the last one month that according to the site the authority is yet to have its secretary. Though Abdul Kabir Qazi, is working as additional Secretar
Published 18 Sep, 2012 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold traded flat on Monday as the market took a breather after the previous session's rally to a six-month high, while analysts said resilient bullion demand following the US Federal Reserve's stimulus suggests the metal has room to rise further.
Published 18 Sep, 2012 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

Copper fell on Monday as tumbling crude oil prices prompted investors to take profits after a new round of US monetary stimulus sent the industrial metal to a 4-1/2-month high in the previous session. US COMEX copper futures for December delivery settled
Published 18 Sep, 2012 12:00am
US MIDDAY: soya tumbles

US MIDDAY: soya tumbles

US soyabean futures tumbled by the daily trading limit on Monday, posting their biggest percentage drop in 1-1/2 years, on selling sparked by anecdotal accounts of better-than-expected yields in the Midwest farm belt. Corn at the Chicago Board of Trade tu
Published 18 Sep, 2012 12:00am
Gold at seven-month highs in Europe

Gold at seven-month highs in Europe

Gold held around seven-month highs on Monday, after a fourth consecutive weekly gain last week following the Federal Reserve's pledge to keep interest rates low which undermined the dollar and encouraged investor appetite for bullion. The dollar fell agai
Published 18 Sep, 2012 12:00am
Gold up in Asia

Gold up in Asia

Gold firmed on Monday, holding near an almost seven-month high, as the US Federal Reserve's latest stimulus move to spur the economy led to a rush for bullion - a traditional hedge against inflation. Gold, which has risen for the last four weeks, could br
Published 18 Sep, 2012 12:00am
ICE coffee, cocoa tumble, sugar up

ICE coffee, cocoa tumble, sugar up

ICE arabica coffee futures dropped 3 percent on Monday, turning lower on a wave of profit-taking after failing to hit an eight-week high, while cocoa markets tumbled from their recent consolidation range. The benchmark sugar contracts edged up, with Octob
Published 18 Sep, 2012 12:00am
Top cotton trader Allenberg loses second in command

Top cotton trader Allenberg loses second in command

Anthony Tancredi, president of Allenberg Cotton, has left the world's largest cotton merchant after 27 years, an unexpected departure that traders said indicated last year's market turmoil is still reverberating through the industry. Tancredi, who was sec
Published 18 Sep, 2012 12:00am
Sugar premiums defy rising futures, Fed helps TOCOM

Sugar premiums defy rising futures, Fed helps TOCOM

Thai raw sugar premiums could defy pressure from rising futures in New York this week, while global benchmark Tokyo rubber futures may extend gains after the US Federal Reserve launched a new stimulus package to boost the economy. Among other soft commodi
Published 18 Sep, 2012 12:00am
Oil sinks in rapid afternoon selloff, recovers slightly

Oil sinks in rapid afternoon selloff, recovers slightly

Oil fell nearly $3 on Monday, recovering slightly from a high-volume, rapid selloff that sent Brent crude crashing through technical support as markets sought an explanation for the plunge. Brent crude, which had settled at $116.66 a barrel on Friday in i
Published 18 Sep, 2012 12:00am
Copper declines

Copper declines

Copper fell on Monday as investors paused to re-assess the impact of a new round of US monetary stimulus, although a weak dollar meant the metal's price retained most of the gains from the previous session's climb to a 4-1/2 month peak. Financial markets
Published 18 Sep, 2012 12:00am
Shanghai copper down

Shanghai copper down

The most active January copper contract on the Shanghai Futures Exchange edged down 0.9 percent to close at 59,820 yuan ($9,500) per tonne on Monday as a new round of US monetary stimulus measures and a weak dollar continued to support prices.
Published 18 Sep, 2012 12:00am
US, allies in Gulf naval exercise

US, allies in Gulf naval exercise

The United States and its allies have launched a major naval exercise in the Gulf that they say shows a global will to keep oil shipping lanes open as Israel and Iran trade threats of war. Publicly announced in July, the operation, known as IMCMEX-12, foc
Published 18 Sep, 2012 12:00am
Hero's welcome as Suu Kyi starts US tour

Hero's welcome as Suu Kyi starts US tour

Myanmar's democracy icon Aung San Suu Kyi on Monday opened a sweeping and once-unimaginable tour of the United States, where she will enjoy a hero's welcome from Americans inspired by her story. The Nobel Peace Prize winner arrived in Washington just as M
Published 18 Sep, 2012 12:00am
Nine EU states baulk at board quota for women

Nine EU states baulk at board quota for women

Nine EU member states have joined forces to thwart EU moves to set a 40 percent quota for women's representation on the boards of listed companies, EU diplomatic sources said Monday. "We do not support the adoption of legally binding provisions for women
Published 18 Sep, 2012 12:00am
Blasts at Azerbaijan factory kill six

Blasts at Azerbaijan factory kill six

Two powerful explosions at a detergent factory in Azerbaijan's second-largest city of Sumgayit on Monday killed six people and left seven more injured, police told local media. Fire-fighters and emergencies ministry helicopters were dispatched to the scen
Published 18 Sep, 2012 12:00am
Woman takes command of ISS after crew return

Woman takes command of ISS after crew return

A woman took command of the International Space Station for only the second time Monday as three of her US and Russian colleagues made a safe return from the orbiting space lab to the Kazakh steppe. The Soyuz TMA-04M capsule made a pin-point landing with
Published 18 Sep, 2012 12:00am
US urges China, Japan to cool anger in islands dispute

US urges China, Japan to cool anger in islands dispute

US Defence Secretary Leon Panetta expressed concern on Monday about mounting tensions between Beijing and Tokyo over a disputed island group, urging "calm and restraint on all sides" as anti-Japanese protests flared in China for another day.
Published 18 Sep, 2012 12:00am
Afghan insider attacks are 'last gasp effort' by Taliban: US

Afghan insider attacks are 'last gasp effort' by Taliban: US

US Defence Secretary Leon Panetta on Monday said insider attacks on Nato forces in Afghanistan were a "last gasp" tactic by Taliban insurgents who had been unable to make up lost territory. His comments came after a weekend in which six Nato troops were k
Published 18 Sep, 2012 12:00am
UN expands list of Syrian war crimes suspects

UN expands list of Syrian war crimes suspects

UN investigators have added more names to a secret list of Syrians suspected of committing war crimes during the 18-month-old uprising against President Bashar al-Assad, and warned on Monday more foreign Islamist militants were fighting there. The human r
Published 18 Sep, 2012 12:00am
British policeman sacked over G20 protest death

British policeman sacked over G20 protest death

A Scotland Yard officer who was cleared by a British jury of killing a man caught up in the G20 protests in London in 2009 was on Monday sacked after being found guilty of "gross misconduct". Constable Simon Harwood, 45, was judged at a police disciplinar
Published 18 Sep, 2012 12:00am
Saudi Arabia absent from Egypt-Iran-Turkey talks on Syria

Saudi Arabia absent from Egypt-Iran-Turkey talks on Syria

Saudi Arabia opted to stay away from a meeting of four regional powers on the Syrian crisis on Monday, adding to a sense that the forum is unlikely to advance the quest for peace. The "contact group" of Egypt, Iran, Turkey and Saudi Arabia was assembled a
Published 18 Sep, 2012 12:00am
Germany opts out of plan to dispose of Bhopal toxic waste

Germany opts out of plan to dispose of Bhopal toxic waste

The German government development agency GIZ said Monday it was pulling out of a project to incinerate 350 tons of toxic waste from a chemical plant in Bhopal, the site of the world's worst industrial disaster. In July, the Indian cabinet cleared the plan
Published 18 Sep, 2012 12:00am
Influential EU think-tank calls for deficit leeway

Influential EU think-tank calls for deficit leeway

All European Union countries under surveillance for exceeding budget deficit limits should be given an extra year to meet their goals, Bruegel, an influential think-tank whose proposals often inform EU policy, said in a paper on Monday. Extra time would a
Published 18 Sep, 2012 12:00am
India keeps rates steady despite 'big bang' reforms

India keeps rates steady despite 'big bang' reforms

India's central bank left interest rates unchanged but cut the cash reserve ratio for banks on Monday, disappointing market hopes that it would follow up the government's unexpected spate of bold reform measures by reducing borrowing costs. While the Rese
Published 18 Sep, 2012 12:00am
Sri Lanka's economy slows to 2-1/2 years low

Sri Lanka's economy slows to 2-1/2 years low

Sri Lanka's economic growth eased to 6.4 percent in the second quarter year on year, its lowest since the fourth quarter of 2009, as the central bank's tight monetary and flexible rupee exchange rate policy weighed on external trade. The economy expanded
Published 18 Sep, 2012 12:00am
Russia launches $5 billion Sberbank stake sale

Russia launches $5 billion Sberbank stake sale

Russia attracted strong investor interest in the sale of a $5 billion stake in Sberbank on Monday, reducing its control in Europe's third-largest bank by equity value and reviving its stalled privatisation programme.
Published 18 Sep, 2012 12:00am
Merkel urges go-slow approach to EU bank supervision

Merkel urges go-slow approach to EU bank supervision

German Chancellor Angela Merkel warned on Monday against rushing to create a new pan-European bank supervisor under the roof of the ECB, saying it was more important to put a credible watchdog in place than to meet Europe's self-imposed January deadline.
Published 18 Sep, 2012 12:00am
Singapore recession risk looms after exports shrink

Singapore recession risk looms after exports shrink

Singapore's non-oil domestic exports (NODX) in August fell more than expected, raising the prospect of the city-state entering into a recession as exports to the European Union plunged. The trade-dependent Southeast Asian city-state said on Monday non-oil
Published 18 Sep, 2012 12:00am
Apple sells two million new phones, sets early order record

Apple sells two million new phones, sets early order record

Apple Inc booked orders for over two million iPhone 5 models in the first 24 hours, reflecting a higher-than-expected demand for the consumer device giant's new smartphone and setting it up for a strong holiday quarter. Apple said on Monday that pre-order
Published 18 Sep, 2012 12:00am
New York manufacturing contracts in September, lowest in 3-1/2 years

New York manufacturing contracts in September, lowest in 3-1/2 years

Factory activity in New York state contracted for a second month in a row in September, falling to its lowest level in nearly 3-1/2 years as new orders shrank further, a report from the New York Federal Reserve showed on Monday. The New York Fed's "Empire
Published 18 Sep, 2012 12:00am
McDonald's goes Asian with noodles in Austria

McDonald's goes Asian with noodles in Austria

Fast food chain McDonald's is branching out: after salads and wraps, the burger restaurant is entering the noodle business. From September 20, the chain will add Asian noodle boxes - "McNoodles" - to its menu, but only in Austria and only for a two- or th
Published 18 Sep, 2012 12:00am
Australian Open to hold wildcard playoff in China

Australian Open to hold wildcard playoff in China

The Australian Open will hold a regional wildcard playoff for entry to the 2013 version of the year's first tennis grand slam in Nanjing in China in October, organisers announced on Monday. The male and female winners of the playoff, which will take place
Published 18 Sep, 2012 12:00am
Trescothick spearheads depression campaign

Trescothick spearheads depression campaign

Former England batsman Marcus Trescothick is helping to spearhead a new campaign to help cricketers tackle depression and addictive behaviour. The Professional Cricketers' Association (PCA) have launched a series of six online 'Mind Matters' tutorials, co
Published 18 Sep, 2012 12:00am
Talks going on for playing cricket in Pakistan: PCB

Talks going on for playing cricket in Pakistan: PCB

Chairman Pakistan Cricket Board Zaka Ashraf said that Pakistan Cricket Board is striving and talks are in progress with two or three other countries for playing cricket in Pakistan. Talking to a private news channel, he said that we have taken control of
Published 18 Sep, 2012 12:00am
World Twenty20 warm-up matches: Kamran, Malik lift Pakistan over India

World Twenty20 warm-up matches: Kamran, Malik lift Pakistan over India

Kamran Akmal smashed an unbeaten 92 off 50 balls as Pakistan came from behind to defeat India by five wickets in a warm-up match for the World Twenty20 on Monday. Pakistan, chasing India's commanding 185-3, appeared to be out of contention when they lost
Published 18 Sep, 2012 12:00am
Sri Lanka out for fast start as World T20 begins

Sri Lanka out for fast start as World T20 begins

Hosts Sri Lanka will hope to make a brisk start to the World Twenty20 Tuesday as they open the country's biggest ever sports event with high hopes of claiming a second global title. In Hambantota, the home town of President Mahinda Rajapakse, Sri Lanka sh
Published 18 Sep, 2012 12:00am
Chokers? At least we reach finals, say Sri Lanka

Chokers? At least we reach finals, say Sri Lanka

Sri Lanka's captain Mahela Jayawardene Monday hit back at suggestions his team have "choked" in major finals - and said he'd rather be a runner-up than an also-ran. Jayawardene, speaking on the eve of the hosts' World Twenty20 opener against Zimbabwe, sai
Published 18 Sep, 2012 12:00am
Dananjaya chauffeured into squad

Dananjaya chauffeured into squad

Sri Lanka's new spin bowling hope Akila Dananjaya already feels so at home in the setup he has commandeered a senior team mate as a chauffeur. The confident 18-year-old's rapid rise from obscurity means he has been named in Sri Lanka's 13-man squad for th
Published 18 Sep, 2012 12:00am
Sterling hits 4-1/2 month high versus dollar

Sterling hits 4-1/2 month high versus dollar

Sterling hit a 4-1/2 month high against the dollar on Monday on expectations the Federal Reserve's new round of economic stimulus will continue to drive down the US currency. It was also higher against the euro, which ran out of steam after hitting its hi
Published 18 Sep, 2012 12:00am
Indian rupee retreats

Indian rupee retreats

The Indian rupee retreated from a four-month high hit earlier in the session on Monday after the central bank kept interest rates on hold, dashing some of the positive impact from the government's big bang reforms. The Reserve Bank of India disappointed i
Published 18 Sep, 2012 12:00am
Australian and New Zealand dollars pause near six-month highs

Australian and New Zealand dollars pause near six-month highs

The Australian and New Zealand dollars held not far from six-month highs against the US dollar on Monday, still benefiting from improved global sentiment in the wake of the US Federal Reserve's aggressive stimulus plan launched last week.
Published 18 Sep, 2012 12:00am
Most Asian currencies surge

Most Asian currencies surge

Most emerging Asian currencies extended gains on Monday, enjoying capital inflows to the region after the Federal Reserve's aggressive policy stimulus last week, and the Indian rupee hit a four-month high on the government's reforms.
Published 18 Sep, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 81.75-81.83 (previous 81.80-81.85). Call Money Rates: 10.00-10.00 percent (previous 05.50-11.25 percent).
Published 18 Sep, 2012 12:00am
Dollar stays near seven-month low, more losses expected

Dollar stays near seven-month low, more losses expected

The dollar stayed close to a seven-month low on Monday and was expected to remain weak after the US Federal Reserve last week embarked on a new bout of aggressive monetary stimulus, with any recovery likely to be modest. The dollar index, which measures t
Published 18 Sep, 2012 12:00am
Early trade in New York: dollar hovers near 7-month lows

Early trade in New York: dollar hovers near 7-month lows

The dollar hovered near seven-month lows against major currencies on Monday after the Federal Reserve's announcement of aggressive monetary easing last week dampened the outlook for the US currency. The dollar index, which measures the US unit's value aga
Published 18 Sep, 2012 12:00am
Dollar remains down in Asia

Dollar remains down in Asia

The dollar hovered near a seven-month low versus a basket of currencies on Monday, and was seen as likely to stay under pressure after the US Federal Reserve embarked on an aggressive monetary stimulus last week. The dollar index stood at 78.802, having f
Published 18 Sep, 2012 12:00am
Yuan edges down

Yuan edges down

China's currency eased slightly on Monday but held near four-month highs as the US Federal Reserve's new stimulus programme kept the dollar under pressure. Traders saw limited downside for the yuan, however, arguing the Fed's move last week had already be
Published 18 Sep, 2012 12:00am
FTSE retreats from six-month highs, more gains eyed

FTSE retreats from six-month highs, more gains eyed

Britain's FTSE 100 retreated from half-year highs on Monday, in what strategists said was likely to be a profit-taking pause in a three-month-long rally stimulated by global central banks. The benchmark share index has risen some 12 percent since the star
Published 18 Sep, 2012 12:00am
South Korean shares ease

South Korean shares ease

South Korean shares fell on Monday but remained above the 2,000 point level, as momentum from Friday's Fed-inspired rally slowed without a basic improvement in fundamentals. The Korea Composite Stock Price Index (KOSPI) closed down 0.3 percent at 2,002.35
Published 18 Sep, 2012 12:00am
Tokyo, KL markets closed

Tokyo, KL markets closed

The stocks, financial and commodity markets in Tokyo and Kuala Lumpur were closed on Monday for national holidays. The markets resume trading on Tuesday.
Published 18 Sep, 2012 12:00am
European shares slip as Spain doubts resurface

European shares slip as Spain doubts resurface

European stocks fell from 14-month highs on Monday as traders cashed in gains awaiting clarification on whether Spain will seek financial aid to tackle its debt crisis. The FTSEurofirst 300 index of European shares closed 0.3 percent lower at 1,116.58 poi
Published 18 Sep, 2012 12:00am
Australian shares at four-month peak

Australian shares at four-month peak

Australian shares rose 0.3 percent on Monday to a fresh four-month high, lifted by the materials sector as a recent recovery in commodities prices and a flurry of central bank stimulus fuelled hopes for stronger global growth and demand. The benchmark S&P
Published 18 Sep, 2012 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks ended 0.31 percent higher on Monday, with HTC surging 5.9 percent after closing limit-up in the previous session, ahead of its launch of three Windows 8 phones on Wednesday in the US. Computer maker Acer jumped 4.51 percent. The main TAIEX i
Published 18 Sep, 2012 12:00am
Monday's midday trade: Wall Street dips after rally, Middle East eyed

Monday's midday trade: Wall Street dips after rally, Middle East eyed

US stocks eased on Monday after a rally that drove the S&P 500 index to its highest level in nearly five years and investors focused on signs of weak growth and Middle East turbulence. Stocks rode a four-day streak last week to a 1.9 percent gain, getting
Published 18 Sep, 2012 12:00am
Hong Kong shares steady; property sector pulls China lower

Hong Kong shares steady; property sector pulls China lower

Hong Kong shares held at 4-1/2-month highs on Monday, with strength in Chinese oil giant CNOOC Ltd offsetting falls in Chinese property counters, which weakened after news reports pointing to a sharp drop in home sales in Beijing. The Hang Seng Index clos
Published 18 Sep, 2012 12:00am
Indian shares hit 14-month high

Indian shares hit 14-month high

India's main BSE index rose for a ninth consecutive session to its highest close since July 2011, as retailers such as Pantaloon and airlines such as SpiceJet surged after the government opened up the sectors to foreign direct investment. Lenders such as
Published 18 Sep, 2012 12:00am
Most Southeast Asian stocks slightly higher

Most Southeast Asian stocks slightly higher

Most Southeast Asian stocks ended slightly higher on Monday, paring earlier gains, but demand for commodities stocks such as Indonesia's Bumi Resources and Thailand's PTTEP continued as a new round of US monetary stimulus bolstered cyclical stocks.
Published 18 Sep, 2012 12:00am
Russia's wheat export prices to rise further

Russia's wheat export prices to rise further

Russian wheat export prices may rise further this week if demand from Egypt remains strong, making French wheat more competitive in the global market, analysts said on Monday. The world's top wheat importer, Egypt has been making purchases amid concerns i
Published 18 Sep, 2012 12:00am
Ukraine exports 4.4 million tonnes of grain

Ukraine exports 4.4 million tonnes of grain

Ukraine's grain exports reached 4.39 million tonnes as of September 17, compared with 2.74 million tonnes at the same date in 2011, the Agriculture Ministry said on Monday. Ministry data showed the volume included 2.13 million tonnes of wheat, 1.25 millio
Published 18 Sep, 2012 12:00am
Cameroon August cocoa exports up 25 percent

Cameroon August cocoa exports up 25 percent

Cameroon cocoa exports hit 12,308 tonnes in the first month of the 2012/13 harvest season in August, up more than 25 percent from the same month last season, statistics from regulator the National Cocoa and Coffee Board (NCCB) showed on Monday.
Published 18 Sep, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 135,475 tonnes of cargo comprising 105,685 tonnes of import cargo and 29,790 tonnes of export cargo including 4,533 loaded & empty containers during the last 24 hours ended at 0700 hours on Monday. The total import cargo of 105,68
Published 18 Sep, 2012 12:00am
Indian soyaoil, oilseed futures fall; chana up on demand

Indian soyaoil, oilseed futures fall; chana up on demand

Indian soyabean and soyaoil futures fell on Monday, hit by a drop in the US market, a strong rupee and a likely rise in local soyabean supplies from the new season crop. Rapeseed also eased, but losses were limited by good demand in the spot market.
Published 18 Sep, 2012 12:00am
Indonesian food industry sees sugar use growing by 10 percent

Indonesian food industry sees sugar use growing by 10 percent

Raw sugar consumption in Indonesia's food and beverage industries will climb by 10 percent annually for the next five years, an industry group said on Monday, as the country's booming population boosts domestic demand. This year, industry's sugar use in S
Published 18 Sep, 2012 12:00am
HRW wheat bids steady

HRW wheat bids steady

Spot basis bids for hard red winter wheat in the US Plains held steady on Monday, with farmers getting ready to seed their crop amid generally dry conditions, merchants said. Mills showed routine demand amid slow farmer selling of grain, the merchants add
Published 18 Sep, 2012 12:00am
Rice prices higher on grain market

Rice prices higher on grain market

Slight improvement by foreign and local buyers boosted rice prices on wholesale grain market on Monday, dealers said. On the rice sector, super Basmati Punjab old went up by Rs 500 to Rs 10000-10500, super Basmati Punjab (new) low type was higher by Rs 30
Published 18 Sep, 2012 12:00am
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