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Archive - 2011-03-03
Mubarak ally quits as Egyptian PM
Top News

Mubarak ally quits as Egyptian PM

CAIRO: Egyptian Prime Minister Ahmed Shafiq resigned unexpectedly Thursday, sparking celebrations from protesters who de
Published 03 Mar, 2011 04:38pm
Nation united against terrorism: PM
Top News

Nation united against terrorism: PM

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani on Thursday said the whole nation is united and committed to fight agai
Published 03 Mar, 2011 03:10pm
SC pardons justices retired Dogar, Zahid
Top News

SC pardons justices retired Dogar, Zahid

ISLAMABAD: The Supreme Court on Thursday accepted unconditional apologies of the former Judges of the apex Court includi
Published 03 Mar, 2011 02:34pm
Balfour Beatty looks to India for growth
Top News

Balfour Beatty looks to India for growth

LONDON: Balfour Beatty is looking to its professional services business to drive growth in markets such as India and Aus
Published 03 Mar, 2011 02:04pm
LPG price jumps to Rs 98 per kg
Top News

LPG price jumps to Rs 98 per kg

KARACHI: The price of liquefied petroleum gas (LPG) was increased by Rs 3 to 98 per kilogram in Karachi and interior Sin
Published 03 Mar, 2011 12:40pm
Glencore profits jump 40pc
Commodities

Glencore profits jump 40pc

ZURICH: Swiss commodities giant Glencore posted on Thursday a 40.7 percent jump in 2010 net profit to $3.8 billion (2.7
Published 03 Mar, 2011 10:25am
German retail sales to boost economy
Top News

German retail sales to boost economy

FRANKFURT: German retail sales made solid gains in January, according to data released on Thursday, underscoring expecta
Published 03 Mar, 2011 10:12am
Gunmen kill six Pakistani tribal police
Top News

Gunmen kill six Pakistani tribal police

PESHAWAR: Gunmen on Thursday killed six Pakistani policemen in a restive north western tribal area bordering Afghanistan
Published 03 Mar, 2011 09:07am
Arab unrest sends oil higher
Energy

Arab unrest sends oil higher

SINGAPORE: Crude prices pushed higher in Asian trade on Thursday as unrest in the Middle East and North Africa continued
Published 03 Mar, 2011 09:03am
Japanese shares stage rebound
Financial

Japanese shares stage rebound

TOKYO: Japanese shares rebounded 0.53 percent on Thursday morning due to bargain buying after posting their heaviest los
Published 03 Mar, 2011 08:06am
National Bank of Pakistan
BR Research

National Bank of Pakistan

National Bank of Pakistan, the largest commercial bank in Pakistan, has announced nearly a flat profit for the year ended December 2010, wel
Published 03 Mar, 2011 12:00am
Who will lend to the SMEs?
BR Research

Who will lend to the SMEs?

In a country, where the SMEs constitute about 90 percent of all private sector enterprises, employ about 78 percent of the non-agricultural
Published 03 Mar, 2011 12:00am
Khyber Pakhtunkhwa minister invites artistes, singers to return to homes

Khyber Pakhtunkhwa minister invites artistes, singers to return to homes

Khyber Pakhtunkhwa Minister for Sports, Tourism and Youth Affairs, Syed Aqil Shah Wednesday invited all artistes and singers migrated from the province to foreign countries to return to their homes. He was speaking in the 'Guest Hour Programme' held under
Published 03 Mar, 2011 12:00am
Borjan - 58th outlet opens at Millennium Mall

Borjan - 58th outlet opens at Millennium Mall

The 58th outlet of Borjan was inaugurated on February 24th at Millennium Mall Karachi by Mr Naveed Shahzad, Country Manager Sales & Marketing, Borjan. Also present at the occasion were Brand Manager, Omer Farooq and Development Manager, Tahir Yasin of Bor
Published 03 Mar, 2011 12:00am
President and Prime Minister condemn murder

President and Prime Minister condemn murder

President Asif Ali Zardari on Wednesday condemned the murder of Minister for Minorities Affairs Shahbaz Bhatti in strongest terms and vowed that such acts would not deter the government from eliminating extremism and terrorism. The President who is in Kar
Published 03 Mar, 2011 12:00am
US envoy extends deepest sympathies

US envoy extends deepest sympathies

US Ambassador Cameron Munter on Wednesday condemned the murder of Federal Minister for Minorities Affairs Shahbaz Bhatti, terming it a great loss. The Ambassador said that Shahbaz Bhatti was a patriot Pakistani and a voice for understanding, who committed
Published 03 Mar, 2011 12:00am
He was a seasoned politician: Fehmida, Kundi

He was a seasoned politician: Fehmida, Kundi

Dr Fehmida Mirza, Speaker and Faisal Karim Kundi, Deputy Speaker National Assembly have strongly condemned the firing incident in which Shahbaz Bhatti, Federal Minister for Minorities was killed here on Wednesday. In their separate statements, the Speaker
Published 03 Mar, 2011 12:00am
It's a great loss: Firdous

It's a great loss: Firdous

Condemning the murder of Federal Minister for Minorities Shahbaz Bhatti, Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan said on Wednesday that the killing had tarnished the image of the country in the comity of nations.Talking to
Published 03 Mar, 2011 12:00am
PTI condemns murder

PTI condemns murder

Pakistan Tehreek-e-Insaf has strongly condemned the brutal murder of Minorities Minister Shahbaz Bhatti, saying the incident shows government's total failure in curbing terrorism within the country. How a government that cannot protect its ministers is ex
Published 03 Mar, 2011 12:00am
Malik condemns assassination

Malik condemns assassination

Federal Minister for Interior, Rehman Malik condemned the assassination of Shahbaz Bhatti, Minister for Minorities Affairs. "We will make all out efforts to arrest the terrorists involved in the killing and they will be taken to task," Malik said while ta
Published 03 Mar, 2011 12:00am
All CBE educational institutions closed for three days

All CBE educational institutions closed for three days

All educational institutions of the Catholic Board of Education (CBE), Archdiocese of Karachi, will remain closed for three days in solidarity to express their deep grief on the brutal murder of Shahbaz Bhatti, Minister for Minorities. It was announced by
Published 03 Mar, 2011 12:00am
Musharraf condemns assassination

Musharraf condemns assassination

Former President Pervez Musharraf on Wednesday condemned the assassination of Federal Minister for Minorities Affairs Shahbaz Bhatti. Musharraf said in a statement that the brutal killing of the Federal Minister had undermined the image of Pakistan throug
Published 03 Mar, 2011 12:00am
Altaf condemns killing

Altaf condemns killing

Muttahida Qaumi Movement (MQM), Altaf Hussain has condemned assassination of Federal Minister for Minorities Affairs Shahbaz Bhatti and has termed it as a despicable act. He said that the murder of Shahbaz Bhatti should be a point to ponder for the peace
Published 03 Mar, 2011 12:00am
Mirza expresses sorrow, grief

Mirza expresses sorrow, grief

Sindh Home Minister Dr Zulfiqar Ali Mirza has condemned the murder of Federal Minister for Minorities Affairs, Shahbaz Bhatti, who was shot dead in Islamabad on Wednesday morning. In a statement here, he expressed deep sorrow and grief at the firing incid
Published 03 Mar, 2011 12:00am
A big conspiracy: JI

A big conspiracy: JI

The Jamaat-e-Islami chief, Syed Munawar Hasan, has termed the murder of the Federal Minister for Minorities, Shahbaz Bhatti, as a big conspiracy. He said this seemed to be an activity to divert the public opinion in Pakistan from the Raymond David issue a
Published 03 Mar, 2011 12:00am
A tragic loss for Pakistan, says Haque

A tragic loss for Pakistan, says Haque

The British Foreign Secretary William Hague Wednesday condemned assassination of Minorities Minister Shahbaz Bhatti, terming the death a tragic loss for Pakistan and for all who believe in human Rights and freedom of speech. Following the shooting of Paki
Published 03 Mar, 2011 12:00am
Cross-LoC trade link reopens

Cross-LoC trade link reopens

The trade link road between Azad Jammu and Indian held Kashmir has been reopened after two weeks of repair work. Official sources told APP here on Wednesday said that after reopening of the road, 66 trucks loaded with goods reached Azad Kashmir from India
Published 03 Mar, 2011 12:00am
Tim Draper invests in agribusiness in Pakistan

Tim Draper invests in agribusiness in Pakistan

One of the world's most successful venture capitalists, Tim Draper, has invested in Agroventures (Pvt) Ltd, a high-growth food and agribusiness company based in Islamabad. Draper is the founder and a managing director of international venture capital firm
Published 03 Mar, 2011 12:00am
HEPR cell inaugurated at Directorate of Health

HEPR cell inaugurated at Directorate of Health

The first ever sophisticated Provincial Health Emergency Preparedness and Response (HEPR) Cell was formally inaugurated in Directorate of Health with sole aim to minimise human losses in any sort of natural calamities or epidemic diseases.
Published 03 Mar, 2011 12:00am
EPD seals two units

EPD seals two units

Environment Protection Department's (EPD) monitoring team visited Shad Bagh and Badami Bagh areas and sealed two working units. According to EPD sources, a welder's workshop, operating in residential area of Shad Bagh, was generating of noise causing dist
Published 03 Mar, 2011 12:00am
'All police personnel being provided health care without discrimination'

'All police personnel being provided health care without discrimination'

"Sindh Police provides medical facilities to all police personnel, without any discrimination of rank," Ali Shair Jakhrani, AIG Welfare, Sindh Police told this scribe here on Wednesday. From 1982, more than 1,800 jawans had been martyred, and there had be
Published 03 Mar, 2011 12:00am
Wastewater treatment plant designed for PN's Western Wind Golf Club

Wastewater treatment plant designed for PN's Western Wind Golf Club

National Water Engineering (Pvt) Limited has exclusively designed and developed state-of-the-art Wastewater Treatment Plant for Pakistan Navy's Western Wind Golf Club at PNAD Mauripur, Karachi. This treatment plant is one of its kind plants in Pakistan, a
Published 03 Mar, 2011 12:00am
Utmanzai to Munkar Bridge: Hoti approves construction of 1.6km road

Utmanzai to Munkar Bridge: Hoti approves construction of 1.6km road

Chief Minister, Khyber Pakhtunkhwa, Ameer Haider Khan Hoti, has approved construction of 1.6 kilometres road from Utmanzai Bazar to Munkar Bridge, Charsadda. The required financial resources for the project would be met out of the saving in the constructi
Published 03 Mar, 2011 12:00am
Government urged to complete modification of idle fishing boats

Government urged to complete modification of idle fishing boats

Owners wants the government should complete modification of their long-standing idle fishing boats at Karachi fish harbour to fishing activities. They told Business Recorder on Wednesday the government had been holding their boats for modification
Published 03 Mar, 2011 12:00am
KESC's energy conservation programme SSUET offers technical support

KESC's energy conservation programme SSUET offers technical support

Sir Syed University of Engineering and Technology (SSUET) has offered its technical support for the ongoing Energy Conservation Programme (CSP) of the Karachi Electric Supply Company (KESC). The offer was made by Chancellor of SSUET, Z.A. Nizami, at the p
Published 03 Mar, 2011 12:00am
Man gunned down in Nasirabad

Man gunned down in Nasirabad

Unidentified armed men gunned down a man in Nasirabad district at night between Tuesday and Wednesday. According to the Levies sources, the victim identified as Dur Muhammad was on his way home when unidentified gunmen opened fire at him, killing him on t
Published 03 Mar, 2011 12:00am
Procurement of 0.5 million tons wheat: Passco fails to arrange bags

Procurement of 0.5 million tons wheat: Passco fails to arrange bags

Pakistan Agricultural Storage and Services Corporation (Passco) has not yet arranged wheat bags (bardana) for nearly 0.5 million tons of wheat, while the procurement drive is knocking at the door, officials at Agriculture Ministry told Business Recorde
Published 03 Mar, 2011 12:00am
Silkbank's remarkable revenue growth

Silkbank's remarkable revenue growth

Silkbank Board in its meeting held on Wednesday approved the annual accounts for the year ending 2010. Silkbank has made a remarkable turnaround by more than doubling its revenue numbers. Total revenue in 2010 increased from Rs 719 million to Rs 1.524 bil
Published 03 Mar, 2011 12:00am
Protection of trees vital for survival of human beings: GB governor

Protection of trees vital for survival of human beings: GB governor

Green Islamabad is the outcome of unswerving efforts of the Capital Development Authority (CDA) and its green environment is a rich source of entertainment for the residents as well as visitors, said Pir Karam Ali Shah, Governor of Gilgit-Baltistan here o
Published 03 Mar, 2011 12:00am
Construction of flood protection spurs over

Construction of flood protection spurs over

The political administration of Kurram Agency has completed construction of 22 flood protection spurs in different areas of Upper Kurram, which will protect the agricultural lands from future flooding. According to the Directorate of Information FATA, the
Published 03 Mar, 2011 12:00am
National Security Workshop participants visit POF

National Security Workshop participants visit POF

The participants of 12 National Security Workshop at National Defence University Islamabad including Senators, MNAs, MPAs, bureaucrats, senior army officers, industrialists, lawyers fraternity and media personnel visited Pakistan Ordnance Factories (POF)
Published 03 Mar, 2011 12:00am
Textile workers observe Black Day

Textile workers observe Black Day

Industrialists and textile workers took out a protest rally and observed Black Day on fourth consecutive day in the industrial city against the schedule of five-day gas loadshedding in a week issued by Sui Northern Gas Pipelines Limited (SNGPL). Almost 60
Published 03 Mar, 2011 12:00am
Withdrawal of increase in oil prices demanded

Withdrawal of increase in oil prices demanded

Industrialists, businessmen and citizens condemned the increase in prices of oil and demanded immediate withdrawal. They said that increase in petrol prices would increase prices of all commodities. A citizen, Amjad Bukhari said, "the prices in Pakistan a
Published 03 Mar, 2011 12:00am
Formation of body to solve gas issue: Zardari's decision hailed

Formation of body to solve gas issue: Zardari's decision hailed

President of Multan Chamber of Commerce & Industry Shahid Naseem Khokhar has hailed the decision of President Asif Ali Zardari to form a committee comprising officials and representatives of leading business and industrial houses and stock exchanges to re
Published 03 Mar, 2011 12:00am
Fata DA identifies sites for 120 potential small dams

Fata DA identifies sites for 120 potential small dams

Fata Development Authority has identified 120 potential small dams sites in Fata whereas Dargai Pal Dam in South Waziristan Agency has been completed, besides the feasibility of Baran Dam, and 13 other small dams. This was stated during a presentation to
Published 03 Mar, 2011 12:00am
Attack on Pakhtun culture was conspiracy: minister

Attack on Pakhtun culture was conspiracy: minister

Khyber Pakhtunkhwa Minister for Culture and Information Iftikhar Hussein has said that through pre-planned conspiracy, "our culture was attacked and weakened in one or the other way so as to impose foreign culture on us and make us weak as a nation". He e
Published 03 Mar, 2011 12:00am
Industrial activity in Faisalabad region down by 60-70 percent

Industrial activity in Faisalabad region down by 60-70 percent

Industrial productivity in Faisalabad region has slumped by percent 60 to 70 percent due to long duration of gas cuts and 8 hours a day electricity shutdown, impacting negatively on business of supplies, logistics and daily wagers. In case these condition
Published 03 Mar, 2011 12:00am
Another 308 Pakistanis from Libya reach Turkey

Another 308 Pakistanis from Libya reach Turkey

Another group of 308 Pakistanis stranded in Libya have been evacuated by ferry to Turkish port city of Marmaris and shall soon reach Pakistan through chartered flights. This is in addition to 354 workers who were earlier flown to Lahore on 28 February/1 M
Published 03 Mar, 2011 12:00am
Five terrorists arrested at Uch Sharif

Five terrorists arrested at Uch Sharif

Bahawal-pur police have arrested five terrorists, belonging to a banned outfit, from Uch Sharif on Wednesday. Talking to newsmen, Regional Police Officer (RPO) Muhammad Abid Qadri said the terrorists were identified as Riaz Ahmed, Ghulam Muhammad, Imdadul
Published 03 Mar, 2011 12:00am
Huge wool export to India doubles price in local market: LCCI

Huge wool export to India doubles price in local market: LCCI

The Lahore Chamber of Commerce and Industry has urged the government to help stop wool export to India, as the massive export is not only creating an acute shortage in the local market but also pushing the carpet industry to the wall following substantial
Published 03 Mar, 2011 12:00am
Raja Riaz new opposition leader in Punjab Assembly

Raja Riaz new opposition leader in Punjab Assembly

PPP leader Raja Riaz has become opposition leader in Punjab Assembly and the PML-Q's Chaudhry Zaheeruddin resigned from the same seat on Wednesday. The PPP members submitted application to the speaker for their sitting on opposition benches and to make Ra
Published 03 Mar, 2011 12:00am
More rains in next 24 hours

More rains in next 24 hours

The Pakistan Meteorological Department Lahore has on Wednesday forecast more widespread rain/snow with isolated heavy showers in next 24 hours in the country. According to the Met Office, Tuesday's western disturbance is still present over upper and centr
Published 03 Mar, 2011 12:00am
Inadmissible input tax adjustment: arrest warrants of 32 persons issued

Inadmissible input tax adjustment: arrest warrants of 32 persons issued

Special Judge Customs, Taxation and Anti-Smuggling, Lahore, on Wednesday issued arrest warrants of owners of 26 manufacturing/trading concerns during the hearing proceedings in case FIR No 25/10 dated 30.11.2010, registered by the Directorate of Intellige
Published 03 Mar, 2011 12:00am
IMF comes a-calling again

IMF comes a-calling again

According to newspaper reports the International Monetary Fund (IMF) accepted the government's offer for talks. This implies that the Fund did not initiate dialogue under the terms and conditions of the Technical Memorandum of Understanding signed by the
Published 03 Mar, 2011 12:00am
Criminal negligence

Criminal negligence

All we know of the almost regular meetings of Pakistan's Permanent Indus Waters Commissioner with his Indian counterpart is broad smiles and warm handshakes suggesting that all is well. That India is receiving United Nations assistance - in blatant violat
Published 03 Mar, 2011 12:00am
VIEW POINT: The forgotten conflict

VIEW POINT: The forgotten conflict

Prime Minister Gilani delivered in the National Assembly on Monday what is supposed to be a policy statement on the troubled Balochistan province. Balochistan has not figured anywhere in the government priorities for a while. What urged the Prime Minister
Published 03 Mar, 2011 12:00am
Issues of arbitration in the international law of investment

Issues of arbitration in the international law of investment

Since the end of World War II, the nations of the world have made approximately 3,000 investment treaties.1 As new agreements emerge almost monthly from diplomatic negotiations, investment treaty-making continues unabated. The rapid growth in investment t
Published 03 Mar, 2011 12:00am
Speed limits to control oil crisis rev up debate in Spain

Speed limits to control oil crisis rev up debate in Spain

Controversy was raging in Spain Wednesday over the government's attempts to introduce lower speed limits - among other plans - to reduce oil consumption for fear of a supply crisis brought on by unrest in Libya and other Arab countries. The move to save e
Published 03 Mar, 2011 12:00am
POL price hike

POL price hike

However much we may dislike the recent price hike in petroleum products, the fact is that it had become inevitable. True, the government can give a subsidy, provided it can afford to do so, vis-a-vis its financial capacity to absorb this. Unfortunately th
Published 03 Mar, 2011 12:00am
PTA condemns hike in fuel prices

PTA condemns hike in fuel prices

Chairman, Pakistan Tanners' Association (PTA), Khurshid Alam strongly condemned hike in fuel prices in country as well as frequent gas suspension in Lahore (Punjab) despite all vigorous assurance made by the Prime Minister, Governor Punjab and other conce
Published 03 Mar, 2011 12:00am
Body found in Mastung

Body found in Mastung

A dead body has been found in the Dasht area of Mastung district here on Wednesday. According to the official sources, Levies Force, on being informed recovered a dead body and shifted to the civil hospital Quetta for identification. Levis has started pro
Published 03 Mar, 2011 12:00am
Two bullet-riddled bodies found

Two bullet-riddled bodies found

At least two bullet-riddled bodies were found in the bushes of Kausar town in the limits of Khokarapar police station on Wednesday. According to police, the bodies had several torture marks. They further claimed that both victims involved in multiple offe
Published 03 Mar, 2011 12:00am
CNG Bus Project of CDGK remains inactive

CNG Bus Project of CDGK remains inactive

The CNG Bus Project of the City District Government Karachi (CDGK) remains stagnant as the financing issues raised by the banks are still unsorted, Business Recorder learnt on Wednesday. When contacted official sources in the Transport Department o
Published 03 Mar, 2011 12:00am
Four kidnapped people set free in Jhal Magsi

Four kidnapped people set free in Jhal Magsi

Four kidnapped people walked free on Wednesday when their captives dropped them near Jhal Magsi, official sources said. According to the details, four people including Juma Khan, Bashir Ahmed, Abid Hussain and Imtiaz Hussain were kidnapped few days ago. T
Published 03 Mar, 2011 12:00am
Cotton Production: Pakistan versus India

Cotton Production: Pakistan versus India

Among Pakistan, China, Mexico (America), Peru and Egypt countries which have been reported as the ancient homes of domesticated cotton, Pakistan is now considered perhaps the oldest home of cotton and textile. In early 1960s, some French Archeologist exca
Published 03 Mar, 2011 12:00am
Cotton Production: Pakistan versus India

Cotton Production: Pakistan versus India

Among Pakistan, China, Mexico (America), Peru and Egypt countries which have been reported as the ancient homes of domesticated cotton, Pakistan is now considered perhaps the oldest home of cotton and textile. In early 1960s, some French Archeologist exca
Published 03 Mar, 2011 12:00am
US MIDDAY: gold rises to record above $1,440

US MIDDAY: gold rises to record above $1,440

Gold rose to a record high for a second straight day on Wednesday, breaching $1,440 an ounce as political unrest in Libya and surging oil prices prompted investors to pile in. Unrest across the Middle East and North Africa, which unseated leaders in Tunis
Published 03 Mar, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper managed to eke out a minor gain by the close on Wednesday, buoyed by a weaker dollar and upbeat US jobs data, although inflation concerns from higher oil prices continued to limit the upside. Down about 3 percent from record highs at $10,190 per to
Published 03 Mar, 2011 12:00am
US MIDDAY: soya and wheat soar

US MIDDAY: soya and wheat soar

Soybeans and wheat were sharply higher at the Chicago Board of Trade on Wednesday, but corn prices fell due to profit-taking as US and Brent crude oil fell from earlier highs, traders said. Wheat prices surged on surprise export demand and spread-related
Published 03 Mar, 2011 12:00am
US MIDDAY: sugar surges

US MIDDAY: sugar surges

Sugar futures rallied on Wednesday due to strong oil prices, which could prompt top producer Brazil to funnel more cane into ethanol and further exacerbate already tight supplies in the market. US cocoa futures rumbled to a strong close within sight of a
Published 03 Mar, 2011 12:00am
Gold hits record above $1,437 in Europe

Gold hits record above $1,437 in Europe

Gold hit a record high above $1,437 an ounce on Wednesday as violence in the Middle East and North Africa supported interest in the precious metal as a haven from risk, and as US oil prices jumped above $100 a barrel. Spot gold was bid at $1,435.65 an oun
Published 03 Mar, 2011 12:00am
Silver hits 31-year high in Asia

Silver hits 31-year high in Asia

Spot silver hit a 31-year high, while gold traded less than half a percent from a record high struck this week, as tensions in the Middle East underpinned safe-haven demand and surging oil prices helped. Spot silver struck $34.74 an ounce, its highest sin
Published 03 Mar, 2011 12:00am
US gold surges to all-time high

US gold surges to all-time high

Gold rose more than 1 percent to an all-time high on Tuesday above $1,432 an ounce as chaos in Libya and political turmoil in the Arab world prompted safe-haven buying and soaring oil prices boosted bullion's inflation hedge appeal. Spot gold rallied to a
Published 03 Mar, 2011 12:00am
Liffe cocoa higher

Liffe cocoa higher

Liffe May cocoa ends up 21 pounds at 2,346 pounds a tonne on Wednesday. Market is supported by violence in Ivory Coast as the world's top grower moves closer to civil war. Liffe May robusta coffee ends down $21 at $2,363 a tonne. Market supported by stren
Published 03 Mar, 2011 12:00am
Malaysian palm oil futures climb

Malaysian palm oil futures climb

Malaysian palm oil futures rose more than 2 percent before easing on Wednesday as traders eyed growing demand for biodiesel while tension in the Middle East boosted crude oil. Palm oil is less likely to be channelled into biofuels due to a lack of governm
Published 03 Mar, 2011 12:00am
New York sugar and cocoa slip

New York sugar and cocoa slip

Cocoa futures in the US gyrated violently Tuesday in suspected computer-generated dealings which prompted the exchange to cancel some trades as traditional players complained of market distortion. Cocoa futures on ICE Futures US sank $450 in 60 seconds be
Published 03 Mar, 2011 12:00am
US soyabeans higher

US soyabeans higher

US soyabean futures closed higher on Tuesday after getting a boost from a late influx of fresh buyers. The buyers were characterised by traders as "new money" entering the market at the start of the month. Funds bought an estimated 4,000 contracts.
Published 03 Mar, 2011 12:00am
Tokyo rubber futures slip

Tokyo rubber futures slip

Tokyo rubber futures ended slightly lower on Wednesday as players took quick profits after initial gains that tracked a rise in crude oil, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for August delivery slipped 1.2 yen to s
Published 03 Mar, 2011 12:00am
Oil settles at 2-1/2 year high

Oil settles at 2-1/2 year high

Oil rose to settle at its highest level since August 2008 on Wednesday after an airstrike near Libya's oil infrastructure raised more fears the Opec nation's oil sector could become a target in embattled leader Muammar Gaddafi's efforts to hold power.
Published 03 Mar, 2011 12:00am
Copper edges up

Copper edges up

Copper edged up on Wednesday, clawing back earlier losses as the dollar weakened and after upbeat jobs data, but concern high oil prices might hit global growth through inflation kept sentiment sober. Three-month copper on the London Metal Exchange, untra
Published 03 Mar, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

London copper rose Wednesday as oil prices pared gains, easing concern about the impact on global growth prospects. Shanghai's most active copper contract ended higher too, up 1 percent at 74,700 yuan.
Published 03 Mar, 2011 12:00am
US copper lower

US copper lower

Copper snapped a three-day winning streak to end lower on Tuesday as ongoing unrest in the Middle East and rising oil prices ignited inflation concerns, fuelling a reduction of risk across the broader base complex. COMEX copper for May delivery rose 1.30
Published 03 Mar, 2011 12:00am
New York cotton ends daily limit higher

New York cotton ends daily limit higher

US cotton futures ended Wednesday up the daily limit on suspected speculative buying, but the trading volume was slow to begin and the tone of business lacklustre, analysts said. Open interest in cotton futures stayed near a 7-month low as investors dumpe
Published 03 Mar, 2011 12:00am
Duplicate branch license: Rs 50,000 fee will be charged, SBP tells banks

Duplicate branch license: Rs 50,000 fee will be charged, SBP tells banks

The State Bank of Pakistan (SBP), revising branch licensing policy, has fixed Rs 50,000 fee for duplicate license for any bank branch. A formal intimation has also been sent to banks for implementation of the new policy Sources in banking sector told Busi
Published 03 Mar, 2011 12:00am
Thousands of foreign workers remain stranded in Libya

Thousands of foreign workers remain stranded in Libya

A human rights group on Wednesday called for the urgent evacuation of thousands of foreign workers, who are stranded along the Libyan-Tunisian border and have been left in destitute conditions as they try to flee the crisis in Libya. African workers appea
Published 03 Mar, 2011 12:00am
6,000 dead since start of Libya unrest: rights group

6,000 dead since start of Libya unrest: rights group

At least 6,000 people have died since the start of the revolt against Libyan leader Moamer Kadhafi's regime two weeks ago, a spokesman for the Libyan Human Rights League said Wednesday. "Victims in the whole country were 6,000," Ali Zeidan told reporters
Published 03 Mar, 2011 12:00am
Nato apologises for killing nine Afghan boys

Nato apologises for killing nine Afghan boys

Nato's top commander in Afghanistan apologised Wednesday for the accidental killing of nine Afghan boys and ordered attack helicopter crews to be briefed again on his directive for preventing civilian deaths. "Is this the way to fight terrorism and mainta
Published 03 Mar, 2011 12:00am
Gunman kills two US soldiers at Frankfurt airport

Gunman kills two US soldiers at Frankfurt airport

A gunman shot dead two US soldiers and injured two people seriously in a US Army bus at Frankfurt airport on Wednesday, said Boris Rhein, interior minister for the state of Hesse. The gunman was apparently a Kosovo national, he said. Security round the ai
Published 03 Mar, 2011 12:00am
China formally bans reporting in Beijing shopping street

China formally bans reporting in Beijing shopping street

The Chinese government has formally banned reporting without permission on a popular Beijing shopping street where police assaulted some foreign journalists who gathered there on Sunday for a would-be protest.Officials drew attention to the rules, carried
Published 03 Mar, 2011 12:00am
American faces trial as US-Cuba conflict goes on

American faces trial as US-Cuba conflict goes on

A US aid contractor caught up in one of the world's last Cold War conflicts goes on trial on Friday for crimes against the Cuban state in a case that could put him in prison for 20 years and further damage US-Cuba relations. Alan Gross, 61, who already ha
Published 03 Mar, 2011 12:00am
Merkel quickly replaces fallen minister

Merkel quickly replaces fallen minister

German Chancellor Angela Merkel quickly replaced popular Defence Minister Karl-Theodor zu Guttenberg on Wednesday, hoping to put his plagiarism affair behind her to focus on three state elections. Merkel told a news conference that Interior Minister Thoma
Published 03 Mar, 2011 12:00am
Mugabe takes fresh shots at foreign firms

Mugabe takes fresh shots at foreign firms

Zimbabwe's President Robert Mugabe threatened on Wednesday a state-backed take-over of foreign firms and a boycott of products to retaliate against Western sanctions placed on him and his ZANU-PF party. The European Union and United States have imposed a
Published 03 Mar, 2011 12:00am
UAE to spend $1.6 billion in poorer northern emirates

UAE to spend $1.6 billion in poorer northern emirates

The United Arab Emirates, watching as Arab unrest spreads to nearby Gulf countries, will invest $1.6 billion to improve infrastructure in less developed regions of the country, state media said on Wednesday. The decision to expand water and electricity ne
Published 03 Mar, 2011 12:00am
Bahrainis protest at interior ministry

Bahrainis protest at interior ministry

Thousands of Bahrainis gathered outside the interior ministry on Wednesday on the 17th day of anti-regime protests and in the biggest rally this week, an AFP correspondent reported. Protesters of all ages then marched to Pearl Square, the epicentre of a s
Published 03 Mar, 2011 12:00am
Arab League says could back Libya no-fly zone

Arab League says could back Libya no-fly zone

The Arab League said Wednesday it would consider backing a no-fly zone over Libya to end its crackdown on anti-regime rebels, but ruled out supporting any direct foreign military intervention. "The Arab countries cannot remain with their arms folded when
Published 03 Mar, 2011 12:00am
Iran warns West against military action in Libya

Iran warns West against military action in Libya

Hard-line Iranian President Mahmoud Ahmadinejad on Wednesday warned the United States against military intervention in Libya, saying such action would create a graveyard for its soldiers. Ahmadinejad, under whose presidency animosity between Tehran and Wa
Published 03 Mar, 2011 12:00am
Bangladesh's 'banker to the poor' forced out

Bangladesh's 'banker to the poor' forced out

Bangladesh's central bank on Wednesday fired Nobel prize winner Muhammad Yunus from the celebrated microfinance lender he founded, capping months of political pressure for him to quit. Yunus, the talismanic 70-year-old leader of Grameen Bank, earned the e
Published 03 Mar, 2011 12:00am
US court allows military funeral anti-gay protests

US court allows military funeral anti-gay protests

The Supreme Court ruled on Wednesday that a church has the legal right to stage anti-gay protests at US military funerals to promote its claim that God is angry at America for its tolerance of homosexuality. In a case pitting free-speech versus privacy ri
Published 03 Mar, 2011 12:00am
Interwood's opens showroom

Interwood's opens showroom

Interwood is proud to announce its new showroom in DHA Y- Block, Lahore. This 8,000 square feet and 5 storey showroom is presenting a huge range of products offered by Interwood. The showroom was inaugurated by Khawaja Farooq and Khawaja Bilal on 21st Feb
Published 03 Mar, 2011 12:00am
Sudanese delegation visits ZTBL

Sudanese delegation visits ZTBL

A Sudanese delegation led by Muhammad Omar Musa, the ambassador of Sudan visited ZTBL and met Muhammad Zaka Ashraf, President ZTBL and other Senior Executives of the Bank. A comprehensive presentation was made by ZTBL to the delegation in which role of ag
Published 03 Mar, 2011 12:00am
FBR automated system irks taxpayers

FBR automated system irks taxpayers

Despite the FBR claim to have automated system for the revision of sales tax returns, the taxpayers are still facing immense difficulties to revise their monthly ST returns, Business Recorder has learnt. A large number of revised sales tax returns
Published 03 Mar, 2011 12:00am
BISP Sindh DG, directors meet Sassui

BISP Sindh DG, directors meet Sassui

Director General Sindh Aleem Akbar Shamim and other directors of BISP Sindh briefed newly appointed Incharge of BISP Poverty Survey Sassui Palejo, Minister of Culture. Sassui said that BISP is working on Shaheed Mohtarma Benazir Bhutto vision. She said th
Published 03 Mar, 2011 12:00am
Former Afghan minister injured in Chaman firing

Former Afghan minister injured in Chaman firing

Former Afghan Sports Minister Mulla Manzoor was critically injured in a firing incident at an adjoining area of the border town of Chaman here on Wednesday. Levies Forces sources confirmed the attack and said in view of his critical condition Manzoor was
Published 03 Mar, 2011 12:00am
Pakistan and China launch joint venture to build missile boats

Pakistan and China launch joint venture to build missile boats

Pakistan and China have embarked on a joint venture for the construction of two missile carrier boats in the Chinese port city of Tianjin. Under the joint venture signed between Pakistan Navy and China Shipbuilding and Offshore International Company, two
Published 03 Mar, 2011 12:00am
'ECO Science Foundation to be established in Pakistan'

'ECO Science Foundation to be established in Pakistan'

Economic Co-operation Organisation (ECO) Science Foundation will be established in Pakistan and the first meeting of the board of Trustees of the Foundation will be held in Islamabad on April 12, which will render the Foundation functional. This was annou
Published 03 Mar, 2011 12:00am
Pursuing tax returns non-filers: FBR faces uphill task

Pursuing tax returns non-filers: FBR faces uphill task

The level of non-compliance is evident from the fact that only 34,155 Associations of Persons (AOPs) filed income tax returns during 2010-11 against 135,292 registered AOPs, reflecting serious problems in documentation of economy. Sources told Business
Published 03 Mar, 2011 12:00am
BoP rated among top six banks in Pakistan

BoP rated among top six banks in Pakistan

State Bank of Pakistan (SBP) launched the historic Pakistan Remittance Initiative (PRI), in August 2009 to boost and facilitate the flow of remittance sent home by expatriate Pakistanis. As a result of exemplary initiatives taken by SBP, in this connectio
Published 03 Mar, 2011 12:00am
Afridi warns against complacency

Afridi warns against complacency

Pakistan captain Shahid Afridi is warning against complacency as his team look to maintain their winning start to the World Cup against minnows Canada on Thursday. Pakistan, whose World Cup build-up was characteristically chaotic, beat joint hosts Sri Lan
Published 03 Mar, 2011 12:00am
South Africa mix and match against Dutch

South Africa mix and match against Dutch

South Africa are likely to adopt a flexible bowling approach when they meet the Netherlands on Thursday in a bid to find the right combination before bigger World Cup games. The Proteas, known for relying on pace, sprang a major surprise when they include
Published 03 Mar, 2011 12:00am
Waqar urges end to talk of fixing

Waqar urges end to talk of fixing

Pakistan coach Waqar Younis Wednesday insisted the World Cup was clean and urged an end to talk about match-fixing in cricket. His comments come after Sri Lankan state TV channel ITN speculated over whether Sri Lanka's Mahela Jayawardene and Thilan Samara
Published 03 Mar, 2011 12:00am
Annual sports of PU HCBF begins

Annual sports of PU HCBF begins

Punjab University Hailey College of Banking & Finance's (HCBF) annual sports has begun on Wednesday which will conclude on March 8. The events of cricket, badminton, tug-of-war, table tennis and athletics, for male and female student players will be held
Published 03 Mar, 2011 12:00am
Ireland stun England

Ireland stun England

Kevin O'Brien struck the fastest-ever World Cup hundred as Ireland pulled off a sensational three-wicket win over England on Wednesday. Ireland won with five balls to spare as they finished on 329 for seven after England, who had made 327 for eight, had b
Published 03 Mar, 2011 12:00am
Ireland stun England

Ireland stun England

Kevin O'Brien struck the fastest-ever World Cup hundred as Ireland pulled off a sensational three-wicket win over England on Wednesday. Ireland won with five balls to spare as they finished on 329 for seven after England, who had made 327 for eight, had b
Published 03 Mar, 2011 12:00am
India blasts ICC as Dhoni review row rages

India blasts ICC as Dhoni review row rages

Indian cricket chiefs blasted the International Cricket Council on Wednesday for its outspoken criticism of Mahendra Singh Dhoni in the ongoing row over World Cup television reviews. India captain Dhoni was shocked by the controversial reprieve given to I
Published 03 Mar, 2011 12:00am
Serena Williams has blood clot removed from lung

Serena Williams has blood clot removed from lung

Serena Williams, a former world number one and a 13-time Grand Slam singles champion, had emergency surgery to remove a blood clot from her lungs, a representative for the tennis star said Wednesday. Nicole Chabot told People magazine that the 29-year-old
Published 03 Mar, 2011 12:00am
Annual sports festival of UAF concludes

Annual sports festival of UAF concludes

Sports and extra curricular activities develop self-confidence and courage among the youth to face the challenges, said Professor Dr Javed Rabbani Khan, Director NFC Institute Faisalabad at prize distribution ceremony of annual sports festival of the Univ
Published 03 Mar, 2011 12:00am
Paes, Bhupathi out of Davis Cup tie

Paes, Bhupathi out of Davis Cup tie

India have suffered a major blow to their Davis Cup chances against defending champions Serbia after Grand Slam-winning doubles pair Leander Paes and Mahesh Bhupathi withdrew due to injuries. Paes is out with a wrist injury while Bhupathi has a groin inju
Published 03 Mar, 2011 12:00am
FTSE pares losses as banks rally

FTSE pares losses as banks rally

Rallying banks boosted by results from Standard Chartered helped Britain's top share index pare losses on Wednesday, but the index still closed lower as geopolitical concerns continued to dog sentiment. The FTSE 100 closed down 20.87 points, or 0.4 percen
Published 03 Mar, 2011 12:00am
European shares extend losses

European shares extend losses

European shares fell further on Wednesday after deepening conflict in Libya and growing tensions elsewhere in the oil-rich Arab world pushed crude back near recent highs and fuelled growth fears among buyers of equities. Brent neared 2 1/2-year highs afte
Published 03 Mar, 2011 12:00am
Arab unrest pushes Gulf markets dip

Arab unrest pushes Gulf markets dip

Stock markets in the Gulf states dived on Wednesday as they continued to be affected by fear over unrest sweeping several Arab countries and despite soaring oil prices. All seven markets fell, led by Saudi Arabia, Qatar and Dubai, with Kuwait at its lowes
Published 03 Mar, 2011 12:00am
Hong Kong, Shanghai shares down

Hong Kong, Shanghai shares down

Hong Kong shares fell on Wednesday as investors cut risk while hedge funds took the opportunity to build bearish positions on large caps, betting that turmoil in the Middle East would weaken markets. Overall turnover on the Hong Kong stock exchange was it
Published 03 Mar, 2011 12:00am
Treasuries mostly turn higher

Treasuries mostly turn higher

Stock market losses fuelled a bid for safe-haven US government debt on Tuesday, a dynamic that, if continued, could allow US Treasuries to extend their recent rally. Overnight selling and some profit-taking kept bonds in the minus column for the first par
Published 03 Mar, 2011 12:00am
Treasuries mostly turn higher

Treasuries mostly turn higher

Stock market losses fuelled a bid for safe-haven US government debt on Tuesday, a dynamic that, if continued, could allow US Treasuries to extend their recent rally. Overnight selling and some profit-taking kept bonds in the minus column for the first par
Published 03 Mar, 2011 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks closed down 1.23 percent on Wednesday as investors worried that rising oil prices could hurt a global economic recovery. The main TAIEX share index fell 107.66 points to 8,619.90 after opening down 0.6, pressured by plastics and oil shares.
Published 03 Mar, 2011 12:00am
Indian markets closed

Indian markets closed

Indian stocks, financial and bond markets are closed on Wednesday for a local holiday. Trading resumes on Thursday.
Published 03 Mar, 2011 12:00am
Oil sparks fear on Wall Street as market falls

Oil sparks fear on Wall Street as market falls

Concerns that rising oil prices could hurt economic recovery prompted investors on Tuesday to sell stocks and hedge against further declines. The CBOE Volatility Index VIX, Wall Street's so-called fear gauge, jumped 13.1 percent to 20.75 on growing uncert
Published 03 Mar, 2011 12:00am
Wednesday's afternoon trade: stocks rise

Wednesday's afternoon trade: stocks rise

US stocks rose on Wednesday after employers added more jobs than expected last month, but shares came off their highs as oil prices surged in a correlation expected to define trading in the near term. The Dow Jones industrial average gained 18.35 points,
Published 03 Mar, 2011 12:00am
Nikkei falls

Nikkei falls

Japan's Nikkei average fell more than 2 percent, erasing most of the gains made over the past three days as a climb in oil prices and uncertainty in the Middle East prompted investors to take profits. But Yahoo Japan surged after sources said Yahoo Inc is
Published 03 Mar, 2011 12:00am
Seoul shares decline

Seoul shares decline

Seoul shares lost more ground on Wednesday as investors continue to fret about the prospect of an escalation in Middle East tensions amid higher crude oil prices. The Korea Composite Stock Price Index finished down 0.57 percent at 1,928.24 points and is n
Published 03 Mar, 2011 12:00am
South East Asian markets decline

South East Asian markets decline

Southeast Asian stocks fell on Wednesday in broad-based selling as escalating geopolitical risks in the Middle East made emerging market investors wary of the impact of oil-driven inflation on the global economic recovery. Oil rose towards a 2-1/2-year hi
Published 03 Mar, 2011 12:00am
Yuan ends lower

Yuan ends lower

The yuan ended slightly lower versus the dollar on Wednesday after the People's Bank of China set a weaker mid-point, signalling it may not be willing to let the yuan rise too much ahead of a crucial political session. Spot yuan ended at 6.5727 to the dol
Published 03 Mar, 2011 12:00am
New Zealand dollar at 19-year low versus Aussie

New Zealand dollar at 19-year low versus Aussie

The New Zealand dollar skidded to 10-week lows versus the greenback and a 19-year trough against its Australian counterpart on Wednesday after New Zealand's Prime Minister said he would welcome a cut in domestic interest rates. The kiwi dollar fell more t
Published 03 Mar, 2011 12:00am
Asian currencies stay rangebound

Asian currencies stay rangebound

Asian currencies stayed in their recent ranges on Wednesday though the Philippines peso slid despite higher oil prices, but they may come under pressure if the regional policymakers do not take more steps to stem inflation, analysts said. The South Korean
Published 03 Mar, 2011 12:00am
Swiss franc up

Swiss franc up

The Swiss franc rose against the euro on Wednesday as investors took refuge in the safe haven currency while global stock markets dipped on worries that soaring oil prices could hurt recovery prospects. The franc was also supported by strong Swiss growth
Published 03 Mar, 2011 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 Wednesday. 71.39/71.40 (previous 71.32/71.35). Call Money Rates: 11.00-12.00 percent (previous 10.00-12.00 percent).
Published 03 Mar, 2011 12:00am
Dollar recovers in New York

Dollar recovers in New York

The US dollar recovered from a 3-1/2-month low against a basket of other major currencies on Tuesday as the euro again failed to breach resistance at its 2011 high. Analysts expect the euro to stay supported ahead of Thursday's European Central Bank polic
Published 03 Mar, 2011 12:00am
Early trade in New York: euro rises versus dollar

Early trade in New York: euro rises versus dollar

The euro rose to a near four-month high against the dollar on Wednesday and looked set to extend gains on growing expectations interest rates in the eurozone will rise earlier than those in the United States. The Swiss franc soared to a record high versus
Published 03 Mar, 2011 12:00am
Euro climbs in London

Euro climbs in London

The euro rose on Wednesday, driven by expectations of higher interest rates, although subdued risk appetite was expected to cap gains and keep the dollar off a 3-1/2 month low versus a basket of currencies. European Central Bank policymakers meet on Thurs
Published 03 Mar, 2011 12:00am
Euro falters in Asia

Euro falters in Asia

The euro fell slightly on Wednesday after yet again failing to break through a key resistance level, helping lift the dollar off a 3-1/2 month low against a basket of currencies. However, further declines for the common currency may be limited a day ahead
Published 03 Mar, 2011 12:00am
Sterling rises to 13-month high versus dollar

Sterling rises to 13-month high versus dollar

Sterling rose to a 13-month high versus a broadly weaker dollar on Wednesday as the US unit struggled with expectations that US interest rates would stay than those in the UK and most other G10 economies. The dollar index skidded to its lowest levels sinc
Published 03 Mar, 2011 12:00am
Euro rates lower

Euro rates lower

Euro interbank lending rates eased marginally on Wednesday due to the amount of liquidity in the banking system but markets were cautious ahead of Thursday's European Central Bank rate-setting meeting. A potent cocktail of new economic forecasts, crisis s
Published 03 Mar, 2011 12:00am
Yahoo in talks on $8 billion Japan exit

Yahoo in talks on $8 billion Japan exit

Yahoo Inc is in advanced talks to leave its Japanese joint venture in an effort to sort out its dysfunctional Asian partnerships and free up as much as $8 billion to fight Google and Facebook. A deal to transfer Yahoo's 35 percent stake in Yahoo Japan to
Published 03 Mar, 2011 12:00am
Plastic mouldings higher on Jodia Bazar

Plastic mouldings higher on Jodia Bazar

The trading in plastic moulding compounds closed higher on Jodia Bazar here on Wednesday. The following changes were noted.
Published 03 Mar, 2011 12:00am
Barley Sindh, Mardan higher on grain market

Barley Sindh, Mardan higher on grain market

Lean business was witnessed on the wholesale grain market on Wednesday as many retailers were on the sidelines after fresh rise in the oil prices, dealers said. On the cereals side barley Sindh and Mardan was up by Rs 100 to Rs 2800, other items maintaine
Published 03 Mar, 2011 12:00am
Price hike results in no deal on cotton market

Price hike results in no deal on cotton market

Soaring prices forced the buyers to keep to the sidelines on the cotton market on Wednesday due to sharp and persisting increase in the NY cotton futures, dealers said. Karachi Cotton Association (KCA) official spot rate was inert at Rs 12000, they said.
Published 03 Mar, 2011 12:00am
Oil cake market rates

Oil cake market rates

No change was seen in the surge on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The March vaida that had closed at Rs 1239.60 it opened with a gain of Rs 1.20 paisa at Rs 1240.80. The May contract which closed at
Published 03 Mar, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 107,287 tonnes of cargo including 35,360 tonnes of import cargo, 71,927 tonnes of export cargo and 3,852 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday.
Published 03 Mar, 2011 12:00am
Spain's winter cereal plantings down

Spain's winter cereal plantings down

Spanish farmers have planted 1.0 percent less land to winter cereals in the 2010/11 campaign than a year earlier, a crop progress report from the Agriculture Ministry showed on Wednesday. The data bucked predictions that farmers in the major grain importi
Published 03 Mar, 2011 12:00am
US cash corn prices top $7 per bushel

US cash corn prices top $7 per bushel

Cash prices for corn for delivery in March topped $7 per bushel for the first time in 2-1/2 years on Tuesday at several locations in the largest producing state of Iowa but farmers are bullish and sold only a small portion of their old-crop supplies, deal
Published 03 Mar, 2011 12:00am
China's 2011 aluminium output seen rising

China's 2011 aluminium output seen rising

China, the world's top aluminium market, will continue to see a surplus in the next five years as output exceeds consumption, cutting profits for smelters, an official of the China Non-ferrous Metals Industry Association said on Wednesday.
Published 03 Mar, 2011 12:00am
Corn export premiums firm at US Gulf Coast

Corn export premiums firm at US Gulf Coast

Corn export premiums at the US Gulf Coast were steady to firm on Tuesday, with nearby values rising in step with a firmer spot CIF barge basis, traders said. Demand inquiries for US corn were quiet after corn futures climbed for a third consecutive day on
Published 03 Mar, 2011 12:00am
Vietnam's coffee prices hit new all-time high

Vietnam's coffee prices hit new all-time high

Robusta coffee in Vietnam's domestic market rose on Tuesday to 46 million dong ($2,205) per tonne, a fresh all-time high in domestic currency terms, but exporters still found it hard to secure beans from growers, traders said.
Published 03 Mar, 2011 12:00am
New York cotton

New York cotton

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

Published 03 Mar, 2011 12:00am
New York cotton

New York cotton

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

Published 03 Mar, 2011 12:00am
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