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Print - 2004-01-04
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 03, 2004).
Published 04 Jan, 2004 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 (January 03, 2004).
Published 04 Jan, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (January 03, 2004).
Published 04 Jan, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (January 03, 2004).
Published 04 Jan, 2004 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (January 03, 2004).
Published 04 Jan, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (January 03, 2004).
Published 04 Jan, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (January 03, 2004).
Published 04 Jan, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (January 03, 2004).
Published 04 Jan, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 04 Jan, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 04 Jan, 2004 12:00am
Italy rejects Prodi criticism

Italy rejects Prodi criticism

Italian Foreign Minister Franco Frattini on Saturday rejected criticism of its European Union presidency by European Commission chief Romano Prodi and accused Prodi of abusing his post to launch an election campaign.
Published 04 Jan, 2004 12:00am
Major drive to revitalise Iraq school starts

Major drive to revitalise Iraq school starts

A bold drive got underway Saturday to revitalise Iraq's schools and purge them of propaganda from the Baath regime of ousted president Saddam Hussein, which starved classrooms to fund its military goals.
Published 04 Jan, 2004 12:00am
Woman in her 90s found alive in quake rubble

Woman in her 90s found alive in quake rubble

Iranian rescue workers pulled a woman, believed to be in her 90s, alive and unscathed from the rubble in Bam on Saturday, more than eight full days after an earthquake destroyed the city.
Published 04 Jan, 2004 12:00am
China marks 25 years of US ties

China marks 25 years of US ties

China's foreign ministry on Saturday marked 25 years of US ties with a statement saying it was willing to push forward the bilateral relationship, state-run Xinhua news agency reported.
Published 04 Jan, 2004 12:00am
US asks Sri Lanka leaders to end power struggle

US asks Sri Lanka leaders to end power struggle

The United States has strongly urged Sri Lankan leaders to end their bitter power struggle that has seriously undermined an internationally-backed peace bid with Tamil rebels, diplomats said on Saturday.
Published 04 Jan, 2004 12:00am
Poland to boost number of special forces in Iraq

Poland to boost number of special forces in Iraq

Poland will increase its number of special forces in Iraq next month when it rotates its roughly 2,400-strong military contingent, Defence Minister Jerzy Szmajdzinski said on Saturday.
Published 04 Jan, 2004 12:00am
Osama's recordings authentic: German police

Osama's recordings authentic: German police

German police experts believe the various videos and tapes attributed to al Qaeda chief Osama bin Laden since the September 11, 2001 attacks in the United States are authentic, according to a report quoted by the weekly Focus which goes on sale Monday.
Published 04 Jan, 2004 12:00am
Two US soldiers killed in Iraq blast

Two US soldiers killed in Iraq blast

A bomb was detonated as a US patrol drove past just south of Baghdad on Friday, killing two soldiers and wounding three, the US Army said on Saturday.
Published 04 Jan, 2004 12:00am
Two US soldiers killed in Iraq blast

Two US soldiers killed in Iraq blast

A bomb was detonated as a US patrol drove past just south of Baghdad on Friday, killing two soldiers and wounding three, the US Army said on Saturday.
Published 04 Jan, 2004 12:00am
Israel deputy premier denies plans for Golan expansion

Israel deputy premier denies plans for Golan expansion

Israel's deputy prime minister said on Friday there were no plans to expand Jewish settlements in the Golan Heights, contradicting a fellow minister whose remarks had outraged Syria and snubbed the United States.
Published 04 Jan, 2004 12:00am
Afghans 'one word' away from charter deal

Afghans 'one word' away from charter deal

Afghanistan's constitutional debate, which has exposed deep ethnic divisions and challenged the US vision of a strong presidency, is just "one word" away from being wrapped up, officials said on Saturday.
Published 04 Jan, 2004 12:00am
Bangladeshi police quell with opposition women

Bangladeshi police quell with opposition women

Bangladeshi police fought with their fists against rock-throwing women protesters and detained several in the capital on Saturday as the first opposition-led general strike of the year largely halted transport and business.
Published 04 Jan, 2004 12:00am
US explorer spacecraft speeds toward Mars landing

US explorer spacecraft speeds toward Mars landing

A rock-inspecting rover hurtled toward Mars for a perilous landing on Saturday on what NASA hopes will become a historic mission to answer the age-old question of whether life existed on the red planet.
Published 04 Jan, 2004 12:00am
Powell called IAEA chief to resolve row over Libya: diplomats

Powell called IAEA chief to resolve row over Libya: diplomats

US Secretary of State Colin Powell has called the head of the International Atomic Energy Agency (IAEA) in a bid to soothe tensions between Washington and the UN agency over Libya, diplomats said here on Saturday.
Published 04 Jan, 2004 12:00am
Britain warns of more flight disruption

Britain warns of more flight disruption

A British minister said on Saturday specific information led to the grounding of several British Airways flights this week and warned more cancellations might be needed to prevent another September 11-style attack.
Published 04 Jan, 2004 12:00am
Mazda to expand Chinese operations

Mazda to expand Chinese operations

Mazda Motor Corp plans to expand its Chinese operations by setting up a sales holding firm with China's First Automotive Works (FAW) and a production firm with Ford Motor Co, a Japanese newspaper said on Saturday.
Published 04 Jan, 2004 12:00am
German jobless rises to 4.31 million in December

German jobless rises to 4.31 million in December

German unemployment rose to 4.31 million in December, the highest December total since 1997, Die Welt newspaper said on Saturday, citing what it said were preliminary estimates of the Federal Labour Office.
Published 04 Jan, 2004 12:00am
Prodi wants Libya in EU 'ring of friends'

Prodi wants Libya in EU 'ring of friends'

European Commission President Romano Prodi has urged Libyan leader Muammar Gaddafi to increase co-operation with the European Union as his country acts to end its pariah status.
Published 04 Jan, 2004 12:00am
Indonesia allows 21 nations visa-on-arrival

Indonesia allows 21 nations visa-on-arrival

Indonesia will impose next month an immigration law, which allows tourists from 21 countries to obtain visas on arrival, a report said Saturday.
Published 04 Jan, 2004 12:00am
Germany needs more reform in 2004: Schroeder

Germany needs more reform in 2004: Schroeder

German Chancellor Gerhard Schroeder said Germany could not afford to slacken the pace of reform in the year ahead and repeated an offer to the conservative opposition for talks on overhauling the tax system.
Published 04 Jan, 2004 12:00am
South Korean minister urges for 6.5 percent growth

South Korean minister urges for 6.5 percent growth

South Korea's finance minister Kim Jin-pyo said the government would work to possibly achieve 6.5 percent economic growth in 2004, higher than the official growth target of about five percent, JoongAng Ilbo reported on Saturday.
Published 04 Jan, 2004 12:00am
Arroyo hopes to win job contracts in Iraq

Arroyo hopes to win job contracts in Iraq

President Gloria Arroyo said Saturday she hopes to win job contracts in Iraq for the Philippines' huge work force following the arrest of Baghdad's deposed leader Saddam Hussein.
Published 04 Jan, 2004 12:00am
Controllers action hits 80 percent of flights in Spain

Controllers action hits 80 percent of flights in Spain

Industrial action by air traffic controllers at an airport in the outskirts of Madrid was affecting some 80 percent of flights in Spanish air space on Saturday, according to Spain's AENA airport authority.
Published 04 Jan, 2004 12:00am
Despite case, US could claim mad cow-free status

Despite case, US could claim mad cow-free status

Despite discovery of its first case of mad cow disease, the United States could still claim to be free of the ailment, experts say - an approach that a consumer group says would be a mistake.
Published 04 Jan, 2004 12:00am
Founder hands over shares

Founder hands over shares

Calisto Tanzi, the founder of Parmalat who is under arrest for a multi-billion-euro scandal, has agreed to hand over his shares in the Italian food firm to its newly appointed administrator, a lawyer for Tanzi said on Saturday.
Published 04 Jan, 2004 12:00am
Founder hands over shares

Founder hands over shares

Calisto Tanzi, the founder of Parmalat who is under arrest for a multi-billion-euro scandal, has agreed to hand over his shares in the Italian food firm to its newly appointed administrator, a lawyer for Tanzi said on Saturday.
Published 04 Jan, 2004 12:00am
Banks feel the heat from Parmalat scandal

Banks feel the heat from Parmalat scandal

International banks felt the heat from the multi-billion-euro Parmalat scandal on Saturday as the US SEC said it was investigating whether they were negligent or reckless by selling the food firm's bonds.
Published 04 Jan, 2004 12:00am
US Army orders for $30 million anthrax vaccine

US Army orders for $30 million anthrax vaccine

The US Defence Department announced on Friday a $29.7 million order for anthrax vaccine based on the assumption that a federal judge's ban on mandatory inoculations will be reversed.
Published 04 Jan, 2004 12:00am
Europe shuns IPOs for convertibles in 2003

Europe shuns IPOs for convertibles in 2003

European companies doubled their issuance of convertible bonds in 2003 while shunning stock sales as a source of funds, though equity may regain favour this year, financial data provider Thomson Financial said on Friday.
Published 04 Jan, 2004 12:00am
Europe shuns IPOs for convertibles in 2003

Europe shuns IPOs for convertibles in 2003

European companies doubled their issuance of convertible bonds in 2003 while shunning stock sales as a source of funds, though equity may regain favour this year, financial data provider Thomson Financial said on Friday.
Published 04 Jan, 2004 12:00am
Brazilian sugar exports rise in December

Brazilian sugar exports rise in December

Brazil's total sugar exports rose 32 percent to 1.61 million tonnes in December, from 1.22 million tonnes in the same month a year earlier, the Trade Ministry's foreign trade secretariat said on Friday.
Published 04 Jan, 2004 12:00am
US corn and wheat abuzz with China talk

US corn and wheat abuzz with China talk

China, the world's No 2 corn exporter last year, was believed to have bought US corn and could soon be buying up a large amount of wheat from the United States, grain traders and analysts said on Friday.
Published 04 Jan, 2004 12:00am
Soya futures up; deferred contracts set highs

Soya futures up; deferred contracts set highs

Chicago Board of Trade soyabeans ended higher on Friday after all deferred months set new contract highs on heavy speculative buying and fears that tight US soya supplies still needed to be rationed, traders said.
Published 04 Jan, 2004 12:00am
Salvador coffee exports fall

Salvador coffee exports fall

Salvadoran coffee exports fell 53 percent in December, a third consecutive monthly fall, as the Central American producer continued to suffer from low global coffee prices, the El Salvador Coffee Council said on Friday.
Published 04 Jan, 2004 12:00am
CBOT rice higher on exports, wheat rally

CBOT rice higher on exports, wheat rally

Chicago Board of Trade rough rice futures closed higher on Friday on strong weekly US rice export sales and following a near limit-up close in neighbouring wheat futures, brokers said.
Published 04 Jan, 2004 12:00am
Cash bids for spring wheat soar

Cash bids for spring wheat soar

Cash bids for dark northern spring wheat soared 21 to 26 cents a bushel in the northern US crop region on Friday, tracing a rally in Minneapolis Grain Exchange wheat futures that triggered scattered farmer sales, dealers said.
Published 04 Jan, 2004 12:00am
China's Daqing 2003 oil output hits 27-year low

China's Daqing 2003 oil output hits 27-year low

Crude oil output in China's top oilfield, Daqing, fell 3.5 percent year on year to 48.4 million tonnes in 2003, the lowest level in nearly three decades, the official People's Daily reported on Saturday.
Published 04 Jan, 2004 12:00am
Regulatory issues may curb Brazil soybean boom

Regulatory issues may curb Brazil soybean boom

Soaring world prices this year should continue to fuel breakneck growth in Brazil's soybean production, but a battle over how to regulate genetically modified crops may also hurt the nation's export business, industry analysts said.
Published 04 Jan, 2004 12:00am
Grains soar on China

Grains soar on China

Grain prices soared on Friday at the start of the new year with a single reason cited: Chinese demand.
Published 04 Jan, 2004 12:00am
CBOT wheat ends sharply higher

CBOT wheat ends sharply higher

Wheat futures at the Chicago Board of Trade ended sharply higher on Friday, fresh one-month highs were set, several months touched limit-up in late trading and deferred months set new tops as traders rang in the new year with a round of massive commodity
Published 04 Jan, 2004 12:00am
Oil cake market rates

Oil cake market rates

The January vaida opened at Rs 459.40 and was the highest at Rs 459.50. Later it turned lowest at Rs 458 and closing was seen at Rs 458.20.
Published 04 Jan, 2004 12:00am
Cotton market quiet with spinners on sideline

Cotton market quiet with spinners on sideline

Spinners were on sidelines to assess the situation arising out of sharp jump in cotton prices just ahead of ginners fortnightly statement on arrival, relevant sources said on Saturday.
Published 04 Jan, 2004 12:00am
Gram up on grain market

Gram up on grain market

Variations were a few on the seed and grain wholesale markets on Saturday (January 3, 2004).
Published 04 Jan, 2004 12:00am
Dyes down on Jodia Bazar

Dyes down on Jodia Bazar

Plastic mouldings and dyes had some significant changes on the Jodia Bazar amid modest business on Saturday (January 3, 2004).
Published 04 Jan, 2004 12:00am
German opposition may block funds for truck tolls

German opposition may block funds for truck tolls

A member of Germany's main opposition Christian Democrats said on Friday said his party may block the release of more government funds for a nation-wide highway toll system for trucks that has been repeatedly delayed.
Published 04 Jan, 2004 12:00am
Suez Canal income falls

Suez Canal income falls

Receipts from Egypt's Suez Canal fell to $221.2 million in November from $228.3 million in October, but were up from $174.7 million in November 2002, monthly government statistics showed.
Published 04 Jan, 2004 12:00am
Brazilian sugar vessels line-up rises

Brazilian sugar vessels line-up rises

The line-up of vessels to load sugar in Brazil's ports rose to 29 from 27 a week ago, shipping agent Williams said.
Published 04 Jan, 2004 12:00am
Singapore's SembCorp sells China shipyard stake

Singapore's SembCorp sells China shipyard stake

SembCorp Marine Ltd, Southeast Asia's largest shipyard group, said on Wednesday it had sold its 50-percent stake in a China shipyard in a strategic move to focus on a joint venture with shipping giant Cosco.
Published 04 Jan, 2004 12:00am
Sinopec and China Shipping ink marine fuel venture

Sinopec and China Shipping ink marine fuel venture

China's top oil refiner, Sinopec Corp, has formalised a marine fuel venture with the country's second largest shipper, China Shipping (Group) Co, officials said on Wednesday.
Published 04 Jan, 2004 12:00am
Hutchison port unit to boost stake in ECT

Hutchison port unit to boost stake in ECT

A ports unit of Hong Kong conglomerate Hutchison Whampoa Ltd said on Wednesday it has signed an agreement to boost its stake in European container handling firm ECT to 98 percent from 79 percent.
Published 04 Jan, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 95,312 tonnes of cargo including 83,749 tonnes import and 11,563 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.
Published 04 Jan, 2004 12:00am
Bangladesh's foreign exchange reserves rise

Bangladesh's foreign exchange reserves rise

Bangladesh's foreign exchange reserves rose to $2.62 billion as on December 30, 2003, from $2.48 billion at the end of the previous month, central bank officials said on Saturday.
Published 04 Jan, 2004 12:00am
India's foreign exchange reserves rise

India's foreign exchange reserves rise

India's foreign exchange reserves rose to $100.590 billion in the week ended December 26 from $100.049 billion the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday.
Published 04 Jan, 2004 12:00am
Canada dollar starts 2004 on high note

Canada dollar starts 2004 on high note

The Canadian dollar rose on Friday to near a 10-year high set earlier in the week as concern about the US current account deficit pulled the greenback lower against major world currencies.
Published 04 Jan, 2004 12:00am
Dollar pares losses after US manufacturing data

Dollar pares losses after US manufacturing data

The dollar hit three-year lows against the yen and weakened against the euro on Friday, but recouped some ground after a strikingly strong US manufacturing report.
Published 04 Jan, 2004 12:00am
Brazil's real gains

Brazil's real gains

The Brazil's real strengthened to end its first session of the year at 2.879 per dollar from Tuesday's 2003 close of 2.903.
Published 04 Jan, 2004 12:00am
China may tap reserves for bank bail-out-report

China may tap reserves for bank bail-out-report

China is likely to tap its massive chest of foreign exchange reserves when it moves to bail-out debt-laden state banks, the China Business Post said on Saturday.
Published 04 Jan, 2004 12:00am
Chile stocks close flat

Chile stocks close flat

Chilean stocks closed flat on Friday as copper producer Madeco gained on a world copper price rally, but major telecommunications firm Telefonos CTC Chile dragged.
Published 04 Jan, 2004 12:00am
Canadian bonds finish lower

Canadian bonds finish lower

The Canadian bond prices fell on Friday as a strong equity trading session pulled long-dated bonds lower. Also weighing on traders' minds is the upcoming Bank of Canada rate decision on January 20.
Published 04 Jan, 2004 12:00am
Canadian bonds finish lower

Canadian bonds finish lower

The Canadian bond prices fell on Friday as a strong equity trading session pulled long-dated bonds lower. Also weighing on traders' minds is the upcoming Bank of Canada rate decision on January 20.
Published 04 Jan, 2004 12:00am
Brazil markets forge ahead in first session of 2004

Brazil markets forge ahead in first session of 2004

Brazil's stock index hit another record high close on Friday following a firm open on Wall Street, and the local currency also strengthened after investors sold dollars in a thin market, traders said.
Published 04 Jan, 2004 12:00am
Toronto stocks start 2004 with broad-based rally

Toronto stocks start 2004 with broad-based rally

Toronto stocks kicked off the new year with a meaty gain on Friday to lift the index to its highest close in 2-1/2 years as a report showing strong US manufacturing lured investors into technology shares.
Published 04 Jan, 2004 12:00am
Argentine stocks rise

Argentine stocks rise

Argentine shares rose to a record high on Friday amid general investor optimism over a recovering economy and bargain hunting by investors after falls in previous sessions, traders said.
Published 04 Jan, 2004 12:00am
American credit market outlook

American credit market outlook

US Treasuries could come under pressure next week as investors position for a December jobs report that looks like it may beat expectations following Friday's stunning improvement at factories across the country.
Published 04 Jan, 2004 12:00am
American credit market outlook

American credit market outlook

US Treasuries could come under pressure next week as investors position for a December jobs report that looks like it may beat expectations following Friday's stunning improvement at factories across the country.
Published 04 Jan, 2004 12:00am
Mexican stocks at record high for fourth day

Mexican stocks at record high for fourth day

Mexican stocks ended at an all-time high for a fourth straight session on Friday, benefiting from expectations the economy will improve in 2004.
Published 04 Jan, 2004 12:00am
US Treasuries dip as factories ramp up production

US Treasuries dip as factories ramp up production

US Treasury prices fell sharply on Friday as a report showing surprising manufacturing strength brought forward market expectations for an eventual interest rate increase from the Federal Reserve.
Published 04 Jan, 2004 12:00am
US Treasuries dip as factories ramp up production

US Treasuries dip as factories ramp up production

US Treasury prices fell sharply on Friday as a report showing surprising manufacturing strength brought forward market expectations for an eventual interest rate increase from the Federal Reserve.
Published 04 Jan, 2004 12:00am
Seoul stock market likely to see modest corrections

Seoul stock market likely to see modest corrections

South Korean share prices are likely to see a slow week ahead as investors await quarterly earnings data from the United States for a fresh lead on the global economic and corporate outlook, dealers said Friday.
Published 04 Jan, 2004 12:00am
Taiwan shares expected to move higher

Taiwan shares expected to move higher

Taiwan shares are likely to move higher next week, supported by rotational play after the market finally recovered the 6,000 points level on hopes of a traditional January rally, dealers said Friday.
Published 04 Jan, 2004 12:00am
US blue chips off, techs up, Wall Street on alert

US blue chips off, techs up, Wall Street on alert

US blue chips slipped and technology shares ended with slim gains on Friday as the market's recent strength and new security alerts put investors on guard, dampening enthusiasm for an upbeat manufacturing report.
Published 04 Jan, 2004 12:00am
Musharraf abandons plebiscite demand for Kashmiris: PML-N

Musharraf abandons plebiscite demand for Kashmiris: PML-N

Indian Prime Minister Atal Bihari Vajpayee agreed to attend the 12th Saarc summit when General Pervez Musharraf accepted his all demands, including withdrawal from the Pakistan's stance on Kashmir for granting right of plebiscite in the light of UN Securi
Published 04 Jan, 2004 12:00am
Rehabilitation of Lyari Expressway project victims starts

Rehabilitation of Lyari Expressway project victims starts

The shiftees of Lyari Expressway project have started arriving at the site of their new abode, the Taisar Town, under the second phase of their rehabilitation being carried out under Lyari Expressway Resettlement project.
Published 04 Jan, 2004 12:00am