News Archives for Print - 2005-07-06

Print - 2005-07-06

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (July 05, 2005).

Published 06 Jul, 2005 12:00am

Six attackers killed in raid on Babri Mosque site

Indian police killed five gunmen who attacked a religious site in northern India on Tuesday that is claimed by both Hindus and Muslims and is a flash point for sectarian violence, while a sixth attacker blew himself up. The unidentified gunmen raided a co

Published 06 Jul, 2005 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (July 05, 2005).

Published 06 Jul, 2005 12:00am

Six attackers killed in raid on Babri Mosque site

Published 06 Jul, 2005 12:00am

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 06 Jul, 2005 12:00am

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 06 Jul, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (July 05, 2005).

Published 06 Jul, 2005 12:00am

Ivory Coast cocoa prices mixed

Farmgate prices in Ivory Coast's cocoa regions were mixed from June 27 to July 3, Coffee and Cocoa Bourse (BCC) data showed on Tuesday, with buying interest waning in some areas due to the small size of beans on offer. In the western area of Gagnoa, where

Published 06 Jul, 2005 12:00am

Global soya oil output likely to rise

Global 2005-06 soya oil production is likely to rise to 34.70 million tonnes and would so be above likely consumption of 34.36 million tonnes, Hamburg-based oilseeds newsletter Oil World said. This compared to global 2004/05 production of 32.74 million to

Published 06 Jul, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 99,086 tonnes of cargo including 90,755 tonnes import and 8,331 tonnes export cargo including 1,831 containers during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 44,176 tonnes dry cargo including 27,934 t

Published 06 Jul, 2005 12:00am

Shanghai copper futures rise

Prompt Chinese copper futures rose by about 1 percent on Tuesday, tracking a rise in global copper futures that gained on the threat of supply outages. The most-active September contract closed at 32,240 yuan ($3,896) a tonne, up 320 yuan from Monday's cl

Published 06 Jul, 2005 12:00am

Ukraine grain crop seen down, exports up

Ukraine's leading agriculture constancy, UkAgroConsult, on Tuesday cut its 2005 grain crop forecast by three percent, or 1.1 million tonnes, to 34.564 million from 35.671 million a month. "Unfavourable weather in May-June and possible high losses during t

Published 06 Jul, 2005 12:00am

Iran tenders to buy barley

Iranian state-owned animal feed importer SLAL has issued a tender to purchase 110,000 tonnes of feed barley, European traders said on Tuesday. It was in two 55,000 tonne consignments, one for shipment in September and one for shipment in September/October

Published 06 Jul, 2005 12:00am

Bangladesh tea prices fall

The average price of Bangladesh teas fell nearly 3.0 percent to 73.78 taka ($1.16) per kg on lower domestic demand at the weekly auction on Tuesday, brokers said. "Nearly 1.1 million kg were sold at an average price of 73.78 taka per kg, down 2.26 taka fr

Published 06 Jul, 2005 12:00am

Thai rice futures

Thai rice futures were traded on Tuesday, a day after not a single contract changed hands, but volume was very thin with just a handful players adjusting positions at barely changed prices, brokers said. Just 22 contracts of five percent white rice were t

Published 06 Jul, 2005 12:00am

HRW wheat bids steady to mixed

US Plains spot hard red winter wheat basis bids were steady to mixed on Tuesday as business remained spotty and harvest advanced, merchants said. Merchants continued to roll their basis bids to post against the September futures contract after first notic

Published 06 Jul, 2005 12:00am

Diamond and gold firms set up new group

Companies involved in the gold and diamond jewellery business launched a new group on Tuesday aimed at promoting ethical business practices. The group - the Council for Responsible Jewellery Practices - aims for a sweeping approach, unlike other narrowly-

Published 06 Jul, 2005 12:00am

Singapore bunker fuel prices up

Singapore bunker prices rose further on Tuesday in line with the stronger cargo values, dealers said. Prices for 380-centistoke (cst) bunker fuel were pegged at $271-$272 a tonne, up about $5-$6 a tonne from Monday. Singapore's May bunker sales fell 3.3 p

Published 06 Jul, 2005 12:00am

US Midwest corn and soyabean mostly firmer

US Midwest spot basis bids for corn and soyabeans were mostly steady to firmer at interior locations and weaker along the rivers Tuesday morning amid slow farmer sales after a three-day weekend, dealers said. Many processors and elevators, plus the Chicag

Published 06 Jul, 2005 12:00am

Bulgaria sees maize exports hit record in 2005

Bulgaria expects its maize exports to surge to a record of up to 550,000 tonnes for the 2004/05 season due to a bumper crop last year, the agriculture ministry said on Tuesday. The Balkan State exported 478,155 tonnes of maize from September through June

Published 06 Jul, 2005 12:00am

Copper inventories seen rising in South East Asia

London Metal Exchange warehouses in Southeast Asia, empty of copper for much of the year, will welcome more of the industrial metal in the next few weeks as smelter expansions ease a shortage that has helped prices to historic highs. High world copper pri

Published 06 Jul, 2005 12:00am

Oil cake market rates

Firm trend was witnessed on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. No change was seen in the July vaida on Tuesday's opening rate at Rs 438.10. In the process of trading it gained Rs 2.60 to be day's best

Published 06 Jul, 2005 12:00am

TCP sells more than offered cotton bales

Lacklustre trading was seen on the local cotton market on Tuesday as most of the millers and spinners were busy in the Trading Corporation of Pakistan (TCP) auction, sources said. The Karachi Cotton Association (KCA) official spot rate remained unchanged

Published 06 Jul, 2005 12:00am

Tight supplies push up prices

Short supply from upcountry centres pushed the prices up on the grain market on Tuesday as buyers continued to be active to meet the daily requirement, dealers said. On the cereals side, Tuver Burma quoted higher at Rs 2700 due to short supply position, t

Published 06 Jul, 2005 12:00am

Plastic mouldings mixed

The trading on plastic mouldings moved mixed on Jodia Bazar here, on Tuesday. The following changes were seen in HDPE film Saudia 952 down 75 paisa to Rs 35.50, Mobil down 50 paisa to Rs 35.50, TR144 down 75 paisa to Rs 35, HDPE Kuwait down Rs 3 to Rs 37,

Published 06 Jul, 2005 12:00am

Chinese sugar: more imports seen after reserve sales

Falling freight rates and premiums will likely encourage Chinese sugar mills to strike more import deals as long as further government reserve sales appear unlikely, traders said on Tuesday. China sold the third lot of 114,102 tonnes of raw sugar from sta

Published 06 Jul, 2005 12:00am

Asian oil swaps

Asian oil swaps continued to rise in Tuesday afternoon, following rising US crude. July fuel oil was quoted at $275.50 a tonne, up from $273 a tonne in the early trade. The rise in fuel oil swaps was more significant than the crude spike, strengthening th

Published 06 Jul, 2005 12:00am

Australia's Foodland says asset-sale vote delayed

Foodland Associated Ltd said on Monday a shareholder vote on the planned sale of its New Zealand and Australian business will be delayed until October. Supermarket group Woolworth's Ltd and wholesaler Metcash Ltd aim to carve up rival Foodland in a $3.1 b

Published 06 Jul, 2005 12:00am

Australia's Foodland says asset-sale vote delayed

Published 06 Jul, 2005 12:00am

Bulgaria sees 2005 sunseed crop up to 900,000 tonnes

Bulgaria's sunseed crop should come in below last year's record high after a cold spring delayed sowings, the agriculture ministry said on Monday. The ministry's preliminary forecast sees the crop at 700,000-900,000 tonnes, down from a record 1.03 million

Published 06 Jul, 2005 12:00am

Taiwan buys 25,000 tonnes of Australian wheat

The Taiwan FlourMills Association has sealed a deal with Australia's AWB Ltd for 25,000 tonnes of hard wheat, said an official at the association on Tuesday. The order, which will include Australian prime hard wheat (APH) and Australian hard wheat (AH), w

Published 06 Jul, 2005 12:00am

Brazil's soya crop sales slow

Brazilian soyabean producers have been holding onto their remaining crop in the face of volatile international prices in the past weeks, soya analysts said on Monday. Private analysts Celeres said on Monday 74 percent of the 2004/05 harvest had been sold

Published 06 Jul, 2005 12:00am

Brazil corn exports unlikely due to real, drought

Corn exports from Brazil in the second half of 2005 are unlikely due to the strong real against the dollar and losses to domestic output from drought, analysts said on Monday. "With the dollar between 2.38 and 2.40 reais, exports are not viable," a grains

Published 06 Jul, 2005 12:00am

LME copper stocks seen staying near lows

London Metal Exchange (LME) copper stocks will stay depleted despite persistent talk of imminent deliveries in excess of 30,000 tonnes of metal, traders and analysts said on Tuesday. Even if the rumours turned out to be true, such deliveries would do litt

Published 06 Jul, 2005 12:00am

Argentina wheat area to shrink on dryness

The Buenos Aires Grain Exchange on Monday cut once again its forecast for 2005/06 wheat area due to dry soil conditions, this time to 5.67 million hectares from 5.8 million hectares. Farmers planted 6.09 million hectares with wheat in the prior-growing se

Published 06 Jul, 2005 12:00am

Finland's grain harvest outlook good

Finland's grain harvest this year is expected to be normal after heavy rains wrecked the 2004 crop, the main industry body said on Tuesday. "It has been raining reasonably in almost the entire country and the grain crop is growing well," the Association o

Published 06 Jul, 2005 12:00am

Mine strikes boost copper prices

Strikes at copper mines in the United States and Chile drove the price of the metal up 1 percent on Tuesday, as Asian investors covered positions amid fears supply disruptions could push prices still higher. Traders said they expected copper, trading at $

Published 06 Jul, 2005 12:00am

Tokyo gold softer, undermined by stronger dollar

Tokyo gold futures extended losses on Tuesday, pressured by weakness in the dollar-denominated spot price and as a strong US currency undermined overall sentiment and prompted fund operators to unload more positions. Although yen-based gold futures on the

Published 06 Jul, 2005 12:00am

Gold edges up after hitting three-week low in Asia

Gold fell to a three-week low on Tuesday before rebounding as fresh physical demand emerged to help bullion resist a stronger US dollar. Buying interest from investors and jewellers should prevent gold from falling below key support of $425, but some deal

Published 06 Jul, 2005 12:00am

Malaysian palm oil up

Malaysian palm oil rose for a third straight day on Tuesday, closing up 1.3 percent, after Chicago soy prices firmed in post-holiday trade in Asia. The Chicago Board of Trade was closed on Monday for the US Independence Day holiday, depriving crude palm o

Published 06 Jul, 2005 12:00am

Tokyo rubber hits 15-month high

Tokyo rubber futures surged to a 15-month high on Tuesday, with some contracts up the daily price limit of 5.0 yen per kg, as stop-loss buying emerged after the market broke through what traders saw as solid resistance. The December contract on the Tokyo

Published 06 Jul, 2005 12:00am

US oil prices extend gains after long weekend

US oil prices climbed past $59 a barrel on Tuesday, tacking more gains onto a short-covering rally that preceded the long holiday weekend. US crude oil futures added 30 cents to $59.05 a barrel in its first trading session this week, building on Friday's

Published 06 Jul, 2005 12:00am

Ukraine seen dominating 2005-06 barley markets

A possible fall in world feed barley output and stable foreign demand in 2005 is likely to help Ukraine dominate on the world export market in the first half of the 2005/06 season, analysts said on Monday. Kiev-based ProAgro agriculture constancy said the

Published 06 Jul, 2005 12:00am

Rouen grain exports

Grain exports from the French port of Rouen totalled 523,981 tonnes in June, comprising 416,258 tonnes of wheat and 107,723 tonnes of barley, port officials said on Tuesday. That compared with total grain exports of 323,000 tonnes in June last year, compr

Published 06 Jul, 2005 12:00am

Manila wants to keep limits on rice imports

The Philippines has agreed to allocate a yearly import quota of 138,000 tonnes of rice to Australia, China and Thailand in the next seven years as part of concessions to allow it to maintain its volume limits on the import of the grain. The Southeast Asia

Published 06 Jul, 2005 12:00am

Indian sugar futures stay firm, soya range-bound

Indian sugar futures stayed firm on Tuesday on lower stocks and speculation that Pakistan could buy the sweetener from its South Asian neighbour, while soya contracts were range-bound and gold fell on global trends. Wheat remained steady in the absence of

Published 06 Jul, 2005 12:00am

Vietnam coffee: sellers hold back stock

Coffee trade in Vietnam, the world's second-largest producer, has ground to a standstill in the past week as sellers held on to their stocks in expectation of higher prices, traders said on Tuesday. They said growers and speculators were reluctant to sell

Published 06 Jul, 2005 12:00am

Soybeans up sharply in Asia on short-covering

Chicago Board of Trade soybean futures rose sharply in post-holiday trade in Asia on Tuesday, supported by active short-covering after sharp losses last week. Easing worries about the US soybean crop after light rain in the top soy state of Illinois last

Published 06 Jul, 2005 12:00am

New Mauritius Prime Minister wants sugar and textiles deals

Faced with twin threats to its prosperous economy, Mauritius's newly-elected Prime Minister Navin Ramgoolam said he would negotiate hard for better world trade deals for its sugar and textile industries. In an interview with Reuters shortly after winning

Published 06 Jul, 2005 12:00am

Sri Lankan rupee flat

The Sri Lanka rupee closed flat on Tuesday in quiet trade as the market waited for the outcome of this week's upcoming initial public offering by the island's No 1 mobile operator, dealers said. The rupee ended at 100.10 per dollar, unchanged from Monday'

Published 06 Jul, 2005 12:00am

ABN Amro buys UK celebrity rehab clinic Priory

Priory Group, a chain of clinics in Britain best known for helping stars to kick drug addictions, was sold to Dutch bank ABN Amro by its private equity owners in a deal worth $1.5 billion.

Published 06 Jul, 2005 12:00am

Financial Times tops list of world's best newspapers

The Financial Times topped a list of the world's best newspapers, according to a survey of executives, politicians, university lecturers, journalists and advertising professionals conducted by a Swiss-based consultant.

Published 06 Jul, 2005 12:00am

Koizumi wins vote over reforms

Prime Minister Junichiro Koizumi scored a slim victory on Tuesday when parliament's lower house approved bills to privatise Japan's postal system - including the world's biggest bank - despite a ruling party revolt.

Published 06 Jul, 2005 12:00am

US new factory orders rise

New orders at US factories rose 2.9 percent in May, exactly in line with analyst expectations, on an aircraft-led jump in durable goods, a government report showed on Tuesday. The increase was the largest factory orders gain in more than a year, and follo

Published 06 Jul, 2005 12:00am

US proposes end of cotton subsidy cited by WTO

The Bush administration will send legislation to Congress to end Step 2, a cotton subsidy that was at the heart of a ruling that US subsidies violated world trade rules, Agriculture Secretary Mike Johanns said on Tuesday. The World Trade Organisation rule

Published 06 Jul, 2005 12:00am

100,000 Italians back euro referendum call

Italy's Northern League party has gathered around 100,000 of the 500,000 signatures it needs to try to launch a referendum proposing to bring back the lira currency, senior party official Roberto Maroni said on Tuesday.

Published 06 Jul, 2005 12:00am

Eurozone retail sales jump

Retail sales in the eurozone rose more than expected in May after a plunge in April, but economists remained cautious, saying it was too early to say whether consumers finally will propel the bloc's economy. The European Union's statistics office Eurostat

Published 06 Jul, 2005 12:00am

Chances of a deal on EU patent law fading

A controversial EU bill to patent software-related innovations appeared close to collapse on Tuesday and the European Commission warned it would not submit fresh legislation if the bill failed. Lawmakers have come under intense lobbying from large technol

Published 06 Jul, 2005 12:00am

Volkswagen willing to buy Proton: Mahathir

Volkswagen, Europe's largest carmaker, is willing to buy Malaysia's state-controlled carmaker, Proton, adviser and former Malaysian Prime Minister Mahathir Mohamad said on Tuesday. Analysts say a foreign partner is pivotal to Proton's fortunes when Malays

Published 06 Jul, 2005 12:00am

German retail sales rise

German retail sales rose for the third month in five in May, but economists said it was too early to speak of a turnaround in consumer spending because of statistical revisions to the data. Sales rose by 1.2 percent month-on-month in real terms in May, th

Published 06 Jul, 2005 12:00am

Sanyo to cut 15 percent of workforce

Struggling Japanese electronics maker Sanyo Electric Co Ltd said on Tuesday it would cut 15 percent of its global workforce, shutter plants and halve debt in a sweeping restructuring to return to profit.

Published 06 Jul, 2005 12:00am

BP oil and gas production rises

BP Plc, the world's number-two oil firm by market value, said on Tuesday its second-quarter production rose 3.5 percent compared to the same period last year, faster than some analysts had expected. The London-based oil giant added in its quarterly tradin

Published 06 Jul, 2005 12:00am

BP oil and gas production rises

Published 06 Jul, 2005 12:00am

First Chinese cars arrive for sale in Western Europe

The first Chinese cars for sale in Western Europe arrived in the Belgian port of Antwerp on Tuesday, threatening to undercut European manufacturers already struggling with weak demand for their own models.

Published 06 Jul, 2005 12:00am

Seoul shares decline

Seoul stocks hit their highest in five-and-a-half years on Tuesday, lifted by upbeat service sector data and as a weaker won boosted auto makers, but profit-taking emerged to wipe out gains and hand the main index its first loss in six sessions. Flat pane

Published 06 Jul, 2005 12:00am

Singapore shares close slightly firmer

Singapore shares closed slightly firmer on Tuesday on interest in selected blue chips, boosted by gains in oil and gas-related stocks as oil prices continued to climb towards 60 dollars a barrel, dealers said. The Straits Times Index rose 1.45 points to 2

Published 06 Jul, 2005 12:00am

Malaysian shares flat

Malaysian share prices closed flat on Tuesday in sluggish trade, with investors finding no fresh lead to break out of the current trading range, dealers said. They said most investors remained sidelined and were reluctant to take any big positions amid co

Published 06 Jul, 2005 12:00am

Hong Kong stocks fall, property bruised by rate hikes

Hong Kong stocks fell more than a third of a percent on Tuesday with property shares such as Sun Hung Kai Properties hurt by a larger than expected rate hike by the city's biggest banks. "The losses were mainly felt on properties. We still have some downs

Published 06 Jul, 2005 12:00am

Jakarta shares sag

Indonesian share prices closed 0.68 percent lower on Tuesday on profit-taking in the blue chips as the rupiah continued to slide against a strengthening dollar, dealers said. The Jakarta Stock Exchange composite index was down 7.714 points at 1,131.168, o

Published 06 Jul, 2005 12:00am

Hong Kong IPOs set to raise $17.6 billion in 2005

Hong Kong stock listings will raise US $17.6 billion (HK$137 billion) this year, an increase of nearly 46 percent from 2004 as more mainland companies go public in the second half, PricewaterhouseCoopers said on Tuesday. So far this year Hong Kong IPOs ha

Published 06 Jul, 2005 12:00am

Philippines shares supported by bargain-hunting

Philippines share prices closed little changed on Tuesday, supported by bargain-hunting after a sharp five-day downturn on political concerns sparked by allegations of vote rigging and corruption against President Gloria Arroyo, dealers said. They said th

Published 06 Jul, 2005 12:00am

Taiwan stocks plunge, tech sector weighs

Taiwan stocks fell 0.62 percent on Tuesday, weighed down by losses for tech heavyweights like TSMC as investors awaited June sales results to judge the strength of the tech sector's recovery. The main TAIEX share index ended down 39.16 points at 6,232.04,

Published 06 Jul, 2005 12:00am

Chinese shares fall, state share worries linger

China's shares dipped 0.8 percent on Tuesday as investors, unhappy with compensation offered under a pilot programme to sell state shares, dumped big caps such as Baoshan Iron and Steel Co Ltd. The benchmark Shanghai composite index ended at 1,039.043 poi

Published 06 Jul, 2005 12:00am

Thai shares drop

Thai share prices closed 0.93 percent lower on Tuesday as overseas investors offloaded large market capitalisation stocks, dealers said. The Stock Exchange of Thailand (SET) composite index dropped 6.26 points to close at 663.52 and the blue chip SET 50 i

Published 06 Jul, 2005 12:00am

Tokyo stocks snap five-day winning streak

Tokyo's Nikkei share average edged down 0.3 percent on Tuesday, snapping a five-day winning streak as investors cashed in on some exporters such as Nissan Motor Co and other recent winners. Sanyo Electric Co, however, held onto recent gains after its thre

Published 06 Jul, 2005 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 63.75/63.90 (previous 63.75/63.81). Call Money Rates: 3.5-16.50 percent (previous 3.5-16.50 percent).

Published 06 Jul, 2005 12:00am

Chinese yuan unchanged

The yuan on Tuesday ended unchanged at 8.2764 per US dollar, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan stood at 4,150 points, implying a rate of 7.863 yuan per dollar in 12 mon

Published 06 Jul, 2005 12:00am

Indian rupee slips

The rupee weakened for a second session on Tuesday, weighed down by the US. Currency's broad rally overseas and some dollar buying by local oil refiners. The rupee ended at 43.5750/5800 per dollar, 0.06 percent weaker than Monday's 43.5475/5525 close. Tra

Published 06 Jul, 2005 12:00am

Dollar near 13-month high versus euro as rates support

The dollar drifted within striking distance of a 13-month high against the euro on Tuesday as the market stayed focused on the US currency's widening interest rate advantage over its rivals. The dollar was still basking in the glow of upbeat data last wee

Published 06 Jul, 2005 12:00am

Hong Kong dollar rangebound

The Hong Kong dollar held to a tight range on Tuesday despite a broad-based rally for the US dollar, while interbank rates and dollar forwards moved higher after local banks raised prime lending rates by a bigger than expected 50 basis points. After shuff

Published 06 Jul, 2005 12:00am

Asian currencies weaker still versus strong dollar

Most Asian currencies were knocked to multi-month lows against a robust dollar on Tuesday, while the Indonesian rupiah extended a slide to hit its lowest level in more than three years. The South Korean won shed about one percent, reversing early gains, t

Published 06 Jul, 2005 12:00am

Swiss franc hovering near 14-month dollar lows

The Swiss franc hovered around its lowest level in 14 months against the US dollar in early trade on Tuesday, as the greenback was lent broad support by strong manufacturing data out a day earlier. The dollar hit fresh 14-month highs against the Swiss fra

Published 06 Jul, 2005 12:00am

Facts about the voting process

The 117th session of the International Olympic Committee (IOC) will vote Wednesday on whether London, Paris, New York, Madrid or Moscow will host the 2012 Olympic Games. Video presentations by the rival cities will precede the voting.

Published 06 Jul, 2005 12:00am

Spadea and Ginepri advance

American fifth seed Robby Ginepri dispatched wild card Scott Oudsema 6-2, 6-7 (6/8), 6-0 on Monday in a first-round matchup at the 355,000 Hall of Fame Tennis Championship.

Published 06 Jul, 2005 12:00am

Beckham and Blairs for final Olympic push

London's Olypic bid team brought out all their big stars Tuesday as Prime Minister Tony Blair, his wife Cherie and David Beckham took part in a pre-Olympic vote charm offensive. The Blairs, accompanied by the England football captain, toured a Singapore-B

Published 06 Jul, 2005 12:00am

2012 race down to two city battle

The five city race to capture sport's most glittering prize - the right to host the Olympics - has been reduced to a battle of two cities IOC sources said here Tuesday. Only 24 hours before the rank and file members of the IOC will decide the winner of th

Published 06 Jul, 2005 12:00am

Troubled UK nuclear submarines set to return to service

The first of two British nuclear submarines barred from sailing for months after safety concerns about their reactors is set to return to service. HMS Torbay and HMS Tireless were restricted to port because of possible risks posed by manufacturing flaws i

Published 06 Jul, 2005 12:00am

Former chancellor Kohl to testify in graft case

A court on Tuesday summoned former Chancellor Helmut Kohl and several ex-ministers to testify in a corruption trial that could embarrass Germany's opposition before a planned election. Holger Pfahls, a junior defence minister in Kohl's governments, has ad

Published 06 Jul, 2005 12:00am

Karzai 'extremely saddened' by US bombing deaths

Afghan President Hamid Karzai is "extremely saddened and distressed" by the deaths of up to 17 civilians in a US air strike and the government wants coalition forces to change their strategies, his spokesman said Tuesday. The Afghan government has launche

Published 06 Jul, 2005 12:00am

Indonesian polio cases reach 111 children

The first polio outbreak to hit Indonesia in a decade has now infected 111 children, the World Health Organisation said Tuesday, confirming dozens of new cases and urging wider immunisation. A total of 45 youngsters have been diagnosed with the crippling

Published 06 Jul, 2005 12:00am

30 feared dead in shipwreck off Cameroon

A boat carrying 60 passengers has sunk off Campo on Cameroon's coast, leaving 30 people dead or missing, Cameroon's national radio reported Tuesday. The ramshackle vessel went down on June 30 in the west African Gulf of Guinea waters as it was on its way

Published 06 Jul, 2005 12:00am

EU constitution lives on in Luxembourg debate

For many Europeans, the EU constitution may seem dead and buried after French and Dutch "No" votes, but it is the object of impassioned debate in tiny Luxembourg ahead of next Sunday's referendum. At issue is not just whether the charter, designed to make

Published 06 Jul, 2005 12:00am

With Supreme Court issue on mind, Bush heads for Europe

With a crucial Supreme Court appointment on his mind, President George W. Bush left on his fourth trip this year to Europe on Tuesday to visit Iraq war ally Denmark and attend a Group of Eight summit in Scotland.

Published 06 Jul, 2005 12:00am

Chinese general jailed

A Chinese general targeted by Taiwan for recruitment as a spy has been jailed for 13 years for accepting bribes, a source with knowledge of the case said on Tuesday. People's Liberation Army (PLA) Major General Liu Guangzhi had been convicted recently by

Published 06 Jul, 2005 12:00am

India rules out accepting US missile defence system

India on Tuesday ruled out accepting a missile defence system from the United States. "There is no question of accepting (a) missile shield from anyone," Defence Minister Pranab Mukherjee told a news conference in reply to a question.

Published 06 Jul, 2005 12:00am

Schroeder presents make-or-break manifesto

Beleaguered German Chancellor Gerhard Schroeder geared up Tuesday for possible early elections with a party platform aimed at fighting off a strong challenge from conservative rival Angela Merkel and a mounting threat from the left.

Published 06 Jul, 2005 12:00am

Ahmadinejad linked to Vienna murder probe

Austrian prosecutors have launched an investigation into whether Iran's president-elect was involved in the 1989 assassination of a Kurdish leader in Vienna, the Interior Ministry said on Tuesday. A ministry spokesman confirmed that prosecutors had starte

Published 06 Jul, 2005 12:00am

Iran not optimistic on EU nuclear offer: official

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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