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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-07-19
Bank of America profit rises

Bank of America profit rises

Bank of America Corp, the No 2 US bank, on Monday said second-quarter profit rose 12 percent, helped by growth in credit card fees, retail deposits and commercial lending. Net income for the Charlotte, North Carolina-based company increased to $4.3 billio
Published 19 Jul, 2005 12:00am
Thai workers rally for raise in minimum wage

Thai workers rally for raise in minimum wage

Hundreds of Thais demonstrated near Prime Minister Thaksin Shinawatra's office on Monday, demanding an increase of the minimum wage to cope with rising inflation caused by sky high oil prices. "Oil prices are damned expensive, but wages are damned cheap,"
Published 19 Jul, 2005 12:00am
Citigroup profit misses views

Citigroup profit misses views

Citigroup Inc on Monday reported quarterly profit that missed analysts' estimates, as fixed-income trading revenue plunged and higher US bankruptcies hurt credit card revenue, sending its shares down 2 percent.
Published 19 Jul, 2005 12:00am
Citigroup profit misses views

Citigroup profit misses views

Citigroup Inc on Monday reported quarterly profit that missed analysts' estimates, as fixed-income trading revenue plunged and higher US bankruptcies hurt credit card revenue, sending its shares down 2 percent.
Published 19 Jul, 2005 12:00am
US net capital inflows rise to $60 billion

US net capital inflows rise to $60 billion

Net inflows of capital into US assets in May rose to $60 billion, more than the amount needed to cover the US monthly trade deficit in that month, a government report showed on Monday. Net inflows of capital climbed from April's revised $47.8 billion, the
Published 19 Jul, 2005 12:00am
'Saudi Arabia's oil boom will last for years'

'Saudi Arabia's oil boom will last for years'

Saudi Arabia will reap a record budget surplus of 191 billion riyals ($51 billion) from high oil prices this year and enjoy strong growth and revenues for the rest of the decade, a leading Saudi bank predicted on Monday. Samba Financial Group said the eco
Published 19 Jul, 2005 12:00am
Airbus to create 1,000 jobs

Airbus to create 1,000 jobs

European planemaker Airbus plans to create 1,000 more jobs in Germany this year as it steps up aircraft production, the company said on Monday. The new posts will bring to 1,400 the total jobs added in Germany during this year at Airbus, which is 80 perce
Published 19 Jul, 2005 12:00am
British teenager launches low-cost airline

British teenager launches low-cost airline

A British teenager said Monday he had launched a low-cost airline from his bedroom, becoming possibly the youngest airline boss in the world. "I started flying lessons when I was 16 and my friends started joking about us buying a plane together and flying
Published 19 Jul, 2005 12:00am
EU signals cut in 2005 eurozone growth forecast

EU signals cut in 2005 eurozone growth forecast

The eurozone economy is likely to grow less than forecast this year, despite an expected pick up in the second half from a sluggish second quarter, the European Commission said on Monday. "The Commission's spring forecast for 1.6 percent growth in the eur
Published 19 Jul, 2005 12:00am
Uzbekistan and China tighten cooperation

Uzbekistan and China tighten cooperation

Uzbekistan and China signed dozens of documents Monday aimed at boosting Chinese investment in the ex-Soviet republic by 150 million dollars, Uzbek state media said. The agreements, which include investment deals in the oil and gas, information and teleco
Published 19 Jul, 2005 12:00am
Angry EU farmers protest against sugar reform plan

Angry EU farmers protest against sugar reform plan

Several thousand angry beet farmers from across the European Union rallied on Monday to attack plans to reform EU sugar policy, saying the drastic cuts being proposed will force them out of business. Blocking streets with their tractors in part of Brussel
Published 19 Jul, 2005 12:00am
German GDP probably did not grow in second quarter: Buba

German GDP probably did not grow in second quarter: Buba

Germany's economy probably did not grow in the second quarter as negative net exports offset stronger domestic demand, the Bundesbank said on Monday. "Existing data, especially for the development in industry, construction, the retail sector and exports,
Published 19 Jul, 2005 12:00am
US movie studios hail landmark China piracy deal

US movie studios hail landmark China piracy deal

A trade group led by top Hollywood studios like Time Warner Inc's Warner Bros has signed an anti-piracy pact with China, making a small but significant advance in a long-running battle against endemic piracy in the country.
Published 19 Jul, 2005 12:00am
Iraq donors graft undermining rebuilding; World Bank extends soft loan

Iraq donors graft undermining rebuilding; World Bank extends soft loan

Iraq gave donors a list of its most urgent rebuilding projects on Monday, admitting that corruption, as well as violence, has been delaying the country's reconstruction. Only a small amount of the billions of dollars pledged to help rebuild Iraq have been
Published 19 Jul, 2005 12:00am
New Zealand shares up

New Zealand shares up

New Zealand share prices closed 0.26 percent higher on Monday with sharp gains in wood products heavyweight Carter Holt Harvey helping to offset losses in other major stocks, dealers said. They said Carter Holt Harvey announced late Friday it was selling
Published 19 Jul, 2005 12:00am
Australian shares make gains

Australian shares make gains

Australian share prices closed modestly higher on Monday as investors took encouragement from gains in New York last week following a continuing flow of positive economic data in the US, dealers said. They said construction materials group Rinker was in t
Published 19 Jul, 2005 12:00am
Thai share prices sag

Thai share prices sag

Thai share prices closed 0.43 percent lower on Monday as investors fretted over higher oil prices, an expected rise in interest rates, and possible minimum wage increases, dealers said. They said an interest rate rise could be announced by the central ban
Published 19 Jul, 2005 12:00am
Chinese shares fall amid hints of slowing economy

Chinese shares fall amid hints of slowing economy

China's shares closed down 1.4 percent on Monday as investors cashed out of small caps in a wide range of sectors from retail to manufacturing, amid mounting signs that China's roaring economic growth might soon slow. The Shanghai composite index finished
Published 19 Jul, 2005 12:00am
Seoul shares edge higher as Hyundai firms jump

Seoul shares edge higher as Hyundai firms jump

Seoul shares posted their highest close in 10-and-a-half years on Monday, as key exporters rose on positive US economic data, while Hyundai Group firms surged on news of its plans to expand its tourism business in North Korea. But gains were capped as SK
Published 19 Jul, 2005 12:00am
Norwich Union plans equity release bond

Norwich Union plans equity release bond

Norwich Union Equity Release Ltd plans to start roadshows for a 379 million pound ($662.3 million) sterling denominated home equity release bond on Thursday, a source close the deal said on Monday. Pricing is possible in the week of July 25, although a fi
Published 19 Jul, 2005 12:00am
Norwich Union plans equity release bond

Norwich Union plans equity release bond

Norwich Union Equity Release Ltd plans to start roadshows for a 379 million pound ($662.3 million) sterling denominated home equity release bond on Thursday, a source close the deal said on Monday. Pricing is possible in the week of July 25, although a fi
Published 19 Jul, 2005 12:00am
Malaysian shares lower

Malaysian shares lower

Malaysian share prices closed 0.19 percent lower on Monday on profit-taking in selected blue chips, shrugging off the positive lead set by Wall Street last Friday, dealers said. They said interest continued to be seen in speculative lower liners, while bl
Published 19 Jul, 2005 12:00am
Indian shares soar on techs to new high

Indian shares soar on techs to new high

Indian shares surged to a new high on Monday, boosted by a rally in software services firms as investors bet on bright growth prospects for the export-focused sector, while the rupee slipped on pricey oil. The 30-issue Mumbai Stock Exchange index scaled a
Published 19 Jul, 2005 12:00am
C&W in early talks to buy Energis

C&W in early talks to buy Energis

British telecoms operator Cable & Wireless is in early talks to buy privately owned rival Energis in a deal tipped to be worth about 700 million pounds ($1.22 billion), sources familiar the situation said on Monday. However, negotiations are at an explora
Published 19 Jul, 2005 12:00am
C&W in early talks to buy Energis

C&W in early talks to buy Energis

British telecoms operator Cable & Wireless is in early talks to buy privately owned rival Energis in a deal tipped to be worth about 700 million pounds ($1.22 billion), sources familiar the situation said on Monday. However, negotiations are at an explora
Published 19 Jul, 2005 12:00am
Jakarta shares plunge on profit-taking

Jakarta shares plunge on profit-taking

Indonesian share prices closed 0.27 percent lower on Monday on extended profit-taking after last week's gains, with market mover Telkom among the heaviest hit, dealers said. The Jakarta Stock Exchange composite index closed down 3.021 points at 1,128.440
Published 19 Jul, 2005 12:00am
Philippines shares close slightly firmer

Philippines shares close slightly firmer

Philippines share prices closed 0.64 percent higher on Monday with investors positioning ahead of the release of first half corporate figures and as political concerns eased, dealers said. They said it was the third consecutive day of the market rallying
Published 19 Jul, 2005 12:00am
Singapore shares dip after hitting five-year highs

Singapore shares dip after hitting five-year highs

Singapore share prices closed 0.09 percent lower on Monday as the market consolidated after hitting five-and-a-half-year highs last week, dealers said. The Straits Times Index fell 2.15 points to 2,248.14 on volume of 720.173 million shares valued at 759.
Published 19 Jul, 2005 12:00am
FirstRand up despite merger talks denial

FirstRand up despite merger talks denial

Shares in South Africa's second-biggest banking group, FirstRand, jumped nearly 5 percent on Monday as investors shrugged off the firm's denial that it was in merger talks with Citigroup. FirstRand shares gained as much as 4.73 percent to 15.50 rand befor
Published 19 Jul, 2005 12:00am
FirstRand up despite merger talks denial

FirstRand up despite merger talks denial

Shares in South Africa's second-biggest banking group, FirstRand, jumped nearly 5 percent on Monday as investors shrugged off the firm's denial that it was in merger talks with Citigroup. FirstRand shares gained as much as 4.73 percent to 15.50 rand befor
Published 19 Jul, 2005 12:00am
Inflation fears weigh on Malaysia's five-year bond

Inflation fears weigh on Malaysia's five-year bond

Malaysia's five-year government bond edged lower on Monday as surging crude oil prices renewed worries of rising inflation and domestic interest rates. "Sentiment is not very good. Although there is some buying, concerns about inflation and interest rates
Published 19 Jul, 2005 12:00am
Inflation fears weigh on Malaysia's five-year bond

Inflation fears weigh on Malaysia's five-year bond

Malaysia's five-year government bond edged lower on Monday as surging crude oil prices renewed worries of rising inflation and domestic interest rates. "Sentiment is not very good. Although there is some buying, concerns about inflation and interest rates
Published 19 Jul, 2005 12:00am
Hong Kong stocks surge, property shares lead

Hong Kong stocks surge, property shares lead

Hong Kong stocks posted their fourth consecutive day of gains on Monday, led by a fresh rally for blue chip property stocks and industrial conglomerates ahead of the upcoming earnings season. The city's largest property firm Sun Hung Kai Properties jumped
Published 19 Jul, 2005 12:00am
Indian rupee ends weaker

Indian rupee ends weaker

The rupee eased on Monday as commercial demand for dollars picked up on the back of firm prices of crude oil, India's biggest import, and ahead of data showing June's trade deficit had widened to nearly $4 billion. But robust foreign fund inflows into the
Published 19 Jul, 2005 12:00am
Swiss franc unchanged as data supports dollar

Swiss franc unchanged as data supports dollar

The Swiss franc was unchanged against the dollar in early European trade on Monday, as the greenback was supported by upbeat economic data from the United States before the weekend. Improving data from the world's biggest economy boosted the US currency l
Published 19 Jul, 2005 12:00am
Dollar supported by US economic news, awaits Fed

Dollar supported by US economic news, awaits Fed

The dollar was underpinned on Monday by upbeat US economic data and expectations Federal Reserve Chairman Alan Greenspan would signal more US rate rises, but volume was thin due to a Japanese holiday. On Friday, better-than-expected reports for New York a
Published 19 Jul, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 63.96/64.42 (previous 63.82/64.40). Call Money Rates: 4.0-16.50 percent (previous 4.0-16.50 percent).
Published 19 Jul, 2005 12:00am
Most Asian currencies steady against dollar

Most Asian currencies steady against dollar

The South Korean won rallied against the dollar on Monday as Seoul's share index hit a 10-1/2 year high, while strong inflows from overseas workers helped push the Philippine peso to its highest level in three weeks. Other Asian currencies were largely st
Published 19 Jul, 2005 12:00am
Hong Kong dollar firmer

Hong Kong dollar firmer

The Hong Kong dollar was firmer but off highs in late trade on Monday after the government said the city's jobless rate for April-June had been unchanged at 5.7 percent, missing forecasts for a slight improvement. The Hong Kong dollar was trading at 7.776
Published 19 Jul, 2005 12:00am
Chinese yuan ends softer

Chinese yuan ends softer

The yuan on Monday ended two notches softer at 8.2765 per US dollar, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan held steady at 4,700 points, implying a rate of 7.808 yuan per do
Published 19 Jul, 2005 12:00am
Colombia and Panama advance to Gold Cup semi-finals

Colombia and Panama advance to Gold Cup semi-finals

Colombia and Panama advanced to a semi-final showdown at the CONCACAF Gold Cup football tournament here Sunday with dramatic triumphs before 55,000 spectators. Second-half goals by Jaime Castrillon and Abel Aguilar lifted Colombia past Mexico 2-1 in the d
Published 19 Jul, 2005 12:00am
Evans tastes Tour pain on killer stage

Evans tastes Tour pain on killer stage

Cadel Evans' hopes of a top ten finish on his Tour de France debut will come at a price - as the gutsy Australian found out in the tough 15th stage won by George Hincapie on Sunday. Hincapie, who has been at Lance Armstrong's side on every one of his Tour
Published 19 Jul, 2005 12:00am
Tiger raises the bar again in quest for Majors record

Tiger raises the bar again in quest for Majors record

The 2005 season started with dreams of golf's 'Big Five' fighting it out for the Majors. After three of them, reality has been restored. It's back to the 'Big One' and the rest are reduced to scrambling for the crumbs.
Published 19 Jul, 2005 12:00am
Ponting looks to build on hard day's graft

Ponting looks to build on hard day's graft

Australia skipper Ricky Ponting believes a long, hot day in the Leicester sun will only serve to harden his team's resolve ahead of the Ashes series which gets under way at Lord's on Thursday. The Australians had to settle for a draw on Sunday against Lei
Published 19 Jul, 2005 12:00am
Chinese dive for gold as world swimming opens

Chinese dive for gold as world swimming opens

China began paving its path to Beijing with gold on Sunday, capturing both of the diving gold medals on offer on the opening day of the 11th World Swimming Championships.
Published 19 Jul, 2005 12:00am
Italy plans steps to protect art treasures

Italy plans steps to protect art treasures

Italy is drawing up anti-terrorism measures to protect its cultural and archaeological sites in the wake of bomb attacks on London, Culture Minister Rocco Buttiglione said on Monday.
Published 19 Jul, 2005 12:00am
Ice-box causes bomb scare at Versailles palace

Ice-box causes bomb scare at Versailles palace

Some 5,000 tourists were evacuated from the palace of Versailles outside Paris Monday after an abandoned picnic-box was found next to one of the famous fountains. Bomb disposal experts were called in and quickly established that the cold-box contained onl
Published 19 Jul, 2005 12:00am
German man cans car exhaust to feed GDR nostalgia

German man cans car exhaust to feed GDR nostalgia

A German man has canned the noxious-smelling exhaust fumes of East Germany's cult Trabant car and is doing a brisk trade selling the scent to those nostalgic for the former Communist state. "The smell is something very special and scarce nowadays," said T
Published 19 Jul, 2005 12:00am
Opposition moves to broaden attack on Arroyo

Opposition moves to broaden attack on Arroyo

The Philippine opposition, warming to the idea of impeaching President Gloria Macapagal Arroyo, said on Monday it was seeking to broaden the complaints against her with help from disgruntled former ministers.
Published 19 Jul, 2005 12:00am
Serbian former cop jailed

Serbian former cop jailed

A former secret police commander accused of masterminding the murder of Serbian prime minister Zoran Djindjic was sentenced Monday to 40 years jail for the assassination of a former president. Milorad Ulemek, 37, better known as Legija, was convicted for
Published 19 Jul, 2005 12:00am
New Harry Potter book shatters US sales records

New Harry Potter book shatters US sales records

"Harry Potter and the Half-Blood Prince" has shattered publishing records in the United States, selling 6.9 million copies in its first 24 hours on sale, its US publisher Scholastic said. "Once again Harry Potter made history. Early reports estimate that
Published 19 Jul, 2005 12:00am
Bouteflika approves key Berber peace demand

Bouteflika approves key Berber peace demand

Algeria's President Abdelaziz Bouteflika has ordered the dissolution of local councils in the restive Kabylie region as part of a peace plan agreed with the Berber ethnic minority earlier this year. The Berbers, who make up a fifth of the country's 33 mil
Published 19 Jul, 2005 12:00am
Spain battles deadly forest fire, 11 dead

Spain battles deadly forest fire, 11 dead

Forensic teams started identifying on Monday the blackened corpses of 11 fire-fighters who died in a forest fire in Spain while police interviewed a group who admitted to starting the giant blaze.
Published 19 Jul, 2005 12:00am
North Korea seeks US trust at talks

North Korea seeks US trust at talks

North Korea said it wants to build trust and respect with its greatest foe, the United States, at six-country talks next week aimed at ending Pyongyang's pursuit of nuclear weapons, its media reported on Monday. North Korea also hinted at having the Beiji
Published 19 Jul, 2005 12:00am
Mexican resorts survive Emily's wrath

Mexican resorts survive Emily's wrath

Mexico's Caribbean beach resorts escaped almost unscathed on Monday from Hurricane Emily, which blew down trees and cut power but nothing more serious. Cozumel island, a popular diving destination, took the hardest hit. The storm uprooted trees and smashe
Published 19 Jul, 2005 12:00am
US bomber gets life term for 1998 blast

US bomber gets life term for 1998 blast

Convicted Olympic bomber Eric Rudolph was sentenced to life in prison without parole on Monday for the 1998 bombing of an Alabama abortion clinic that killed a police officer and maimed a nurse. The 38-year-old abortion foe pleaded guilty in April to the
Published 19 Jul, 2005 12:00am
Bulgarian leftists get mandate to form government

Bulgarian leftists get mandate to form government

Bulgaria's Socialists received a mandate to form a government on Monday, but it was still unclear if they would end a political deadlock and seal a ruling deal with ex-king Simeon Saxe-Coburg's outgoing centrists. The move came a day after the Socialists,
Published 19 Jul, 2005 12:00am
FBI compiles secret files

FBI compiles secret files

The US Federal Bureau of Investigation has collected some 3,500 pages of files on civil rights, environmental and antiwar groups, US media reported Monday. The FBI has monitored web sites and compiled correspondence and other documents on several groups o
Published 19 Jul, 2005 12:00am
Lebanon pardons former warlord

Lebanon pardons former warlord

Samir Geagea, the only Lebanese warlord jailed for crimes during the 1975-1990 civil war, was amnestied by parliament on Monday after 11 years in jail. Backers of the former anti-Syria Christian Maronite danced and waved flags of his banned Lebanese Force
Published 19 Jul, 2005 12:00am
Israel bars rightist march on Gaza settlements, young Palestinian killed

Israel bars rightist march on Gaza settlements, young Palestinian killed

Israeli security forces blocked thousands of rightist protesters on Monday from heading toward Gaza's Jewish settlements for a march aimed at impeding Israel's withdrawal from the occupied territory next month. Israeli officials, citing fears of disturban
Published 19 Jul, 2005 12:00am
Bush and Singh agree to step up nuclear ties

Bush and Singh agree to step up nuclear ties

US President George W. Bush said Monday that he and visiting India Prime Minister Manmohan Singh had agreed to increase co-operation on civilian nuclear energy, space, and high-technology issues. Singh was optimistic after their talks at the White House t
Published 19 Jul, 2005 12:00am
Nepal rebel leaders patch up differences

Nepal rebel leaders patch up differences

Nepal's Maoist rebel leaders appeared to have patched up their differences on Monday as the party's former deputy was reinstated to its high command after months out in the cold. Babu Ram Bhattarai, the Maoists' unofficial deputy leader who was regarded a
Published 19 Jul, 2005 12:00am
German court blocks EU arrest warrant

German court blocks EU arrest warrant

Germany's top court blocked the extradition of a suspected al Qaeda financier to Spain, ruling on Monday that a key instrument in the European Union's fight against terrorism breached the constitution. The Federal Constitutional Court ordered the release
Published 19 Jul, 2005 12:00am
Mob fire-bombs Malaysia's 'teapot' cult headquarters

Mob fire-bombs Malaysia's 'teapot' cult headquarters

A mob fire-bombed the headquarters of a bizarre Malaysian cult built around a giant teapot on Monday, police and a fireman said, two weeks after the sect was raided by religious officials.
Published 19 Jul, 2005 12:00am
Australian police probe Islamic bookstores

Australian police probe Islamic bookstores

Australian police launched an investigation Monday into reports that Islamic bookstores in Sydney are selling books dealing with suicide bombings - including one endorsed by terror mastermind Osama bin Laden. "The Australian Federal Police (AFP) are worki
Published 19 Jul, 2005 12:00am
14 killed in Iraq attacks

14 killed in Iraq attacks

Fourteen people were killed in Iraq Monday, mostly policemen, after a three-day bombing frenzy as a top US military official warned of increased violence in the days ahead. Against the backdrop of violence, a donors' meeting in Jordan began with calls fro
Published 19 Jul, 2005 12:00am
UK court convicts Afghan warlord

UK court convicts Afghan warlord

A British court on Monday convicted a former Afghan warlord of torture for terrorising innocent civilians in his homeland for 4 years in what prosecutors said was the first case of its kind in the world. A private army loyal to Farayadi Sarwar Zardad, 42,
Published 19 Jul, 2005 12:00am
Bayer sells hybrid bond

Bayer sells hybrid bond

German drugs and chemical group Bayer AG led activity in the European corporate bond market on Monday as it sold a 1.3 billion euro ($1.57 billion) hybrid subordinated bond. In the secondary market, traders said activity was extremely thin, although telec
Published 19 Jul, 2005 12:00am
Bayer sells hybrid bond

Bayer sells hybrid bond

German drugs and chemical group Bayer AG led activity in the European corporate bond market on Monday as it sold a 1.3 billion euro ($1.57 billion) hybrid subordinated bond. In the secondary market, traders said activity was extremely thin, although telec
Published 19 Jul, 2005 12:00am
FTSE pulled to lower close by weak banks, ITV

FTSE pulled to lower close by weak banks, ITV

Britain's top shares closed lower on Monday, with broadcaster ITV leading the way down as hopes of a bid for the media group faded, while banks suffered after quarterly profits at Citigroup missed analyst estimates. Barclays was the biggest casualty, down
Published 19 Jul, 2005 12:00am
Sterling hits 3-1/2-month low

Sterling hits 3-1/2-month low

Sterling hit 3-1/2 month lows versus the euro on Monday after weak British housing data supported forecasts of interest rate cuts and oil major Shell's move to list all its shares in London this week boosted euro buying. British house prices rose at their
Published 19 Jul, 2005 12:00am
Dollar dips versus euro in London

Dollar dips versus euro in London

The dollar dipped versus the euro on Monday as investors grew wary ahead of US capital flows data, which will show whether the world's largest economy is attracting enough foreign capital to cover its trade deficit. The dollar hit record lows against the
Published 19 Jul, 2005 12:00am
Shanghai copper mostly down

Shanghai copper mostly down

Most Shanghai copper futures fell on Monday, bucking an uptrend on the London Metal Exchange, as expectations of ample supply of the physical metal kept up pressure on the domestic market. Spot market prices and nearby futures rose following the expiry of
Published 19 Jul, 2005 12:00am
Copper ends down on profit-taking

Copper ends down on profit-taking

London Metal Exchange (LME) copper prices ended lower in trading on Monday as profit-taking replaced short covering in jumpy conditions, dealers said. The three-months price rose above $3,400 a tonne around midday on short covering induced by nearby tight
Published 19 Jul, 2005 12:00am
New York cotton settles quietly easier

New York cotton settles quietly easier

Cotton futures ended lower Monday on combined speculative and options-related sales in quiet business, with most players waiting for news to give the market direction in the days ahead, analysts said. The New York Board of Trade's December cotton contract
Published 19 Jul, 2005 12:00am
European gold steadies on weaker dollar

European gold steadies on weaker dollar

Gold was steadier in Europe on Monday above $420 an ounce after bouncing from six-week lows below $418 on Friday, with opinions split on whether the market was set to rally further this week. Spot gold ended European trade at $421.40/422.10, up slightly f
Published 19 Jul, 2005 12:00am
Oil falls as Hurricane Emily eases

Oil falls as Hurricane Emily eases

Oil prices dropped on Monday as Hurricane Emily, which had shut in most of Mexico's crude oil production, lost strength. US light, sweet crude oil futures settled 77 cents lower at $57.32 a barrel, while London Brent crude settled 62 cents weaker at $56.9
Published 19 Jul, 2005 12:00am
Glistening gold prices tipped for gains into 2006

Glistening gold prices tipped for gains into 2006

Gold prices will rise this year and next on renewed dollar weakness, strong investment and global security jitters that will confirm its status as a haven for money, a Reuters poll showed on Monday.
Published 19 Jul, 2005 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin rose 3 percent to a three-week high of $7,390 a tonne on Monday on continued demand by Japanese and European buyers. Volume rose to 108 tonnes from 83 tonnes. On Friday, the metal rose 4 percent to $7,175, regaining the $7,000-mark it lost a
Published 19 Jul, 2005 12:00am
Malaysia to give 50 percent job quota to Pakistani workers

Malaysia to give 50 percent job quota to Pakistani workers

Malaysian government will give 50 percent quota to Pakistan for the import of manpower from its all source countries. According to official sources, after including Pakistan in the list of manpower source countries, Malaysia has given a target of 100,000
Published 19 Jul, 2005 12:00am
PTA's directive to WLL operators

PTA's directive to WLL operators

The Pakistan Telecommunication Authority (PTA) has directed all Wireless Local Loop (WLL) operators to implement single-cell limited mobility as per solution defined in a determination issued by the authority to resolve the issue of limited mobility.
Published 19 Jul, 2005 12:00am
Professor killed in Quetta

Professor killed in Quetta

One person was killed and his wife seriously wounded in terrorists' firing at Sariab road here on Monday. According to details, Professor Syed Tahir Raza Rizvi was going in his Suzuki vehicle along with his wife Nirjis Fatima and three daughters Urooj, Fa
Published 19 Jul, 2005 12:00am
English language's role in access to higher education highlighted

English language's role in access to higher education highlighted

"The importance of English language has been recognised at national, regional and global levels. Global trends in education, technology, and business suggest that English as a world language will play a significant role in the years to come."
Published 19 Jul, 2005 12:00am
Call for mobilising media to overcome disparities

Call for mobilising media to overcome disparities

Former Minister for Information and Media Development Javed Jabbar has called for mobilising media to overcome disparities in social, political economic life of the people.
Published 19 Jul, 2005 12:00am
The Weather

The Weather

The weather report on Monday (July 18) and the forecast for Tuesday (July 19, 2005).
Published 19 Jul, 2005 12:00am
Seminar on thalassaemia

Seminar on thalassaemia

Jamaila Sultana Thalassaemia Welfare Trust is organising a seminar on "The Role of Media in Prevention of Thalassaemia" for media people. The objective of this academic activity is to create awareness about thalassaemia among journalists. Federal Minister
Published 19 Jul, 2005 12:00am
New York cotton

New York cotton

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

Published 19 Jul, 2005 12:00am
Outdated signal system responsible for Ghotki tragedy

Outdated signal system responsible for Ghotki tragedy

All Pakistan Loco Running Staff Union(APLRSU) has categorically stated that the drivers or firemen of the trains are not responsible for the catastrophic mishap of Ghotki. However, outdated scanning and signalling system and bureaucracy were responsible f
Published 19 Jul, 2005 12:00am
New York cotton

New York cotton

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

Published 19 Jul, 2005 12:00am
Intrusion of US forces in Pakistani territory condemned

Intrusion of US forces in Pakistani territory condemned

Jamaat-e-Islami's Deputy Ameer Senator Professor Khurshid Ahmad has condemned what he said "the intrusion of the US forces in the Pakistani territory, killing 24 innocent persons who had no link with any terrorist group."
Published 19 Jul, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 18, 2005).

Published 19 Jul, 2005 12:00am
Kashmir's Accession to Pakistan Day being observed today

Kashmir's Accession to Pakistan Day being observed today

Kashmiris living either side of the Line of Control (LoC) and rest of the world will observe 59th Kashmir's Accession to Pakistan Day on Tuesday with a renewal of the pledge to continue the struggle for the achievement of the right to self determination a
Published 19 Jul, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 18, 2005).

Published 19 Jul, 2005 12:00am
Minimum balance

Minimum balance

A lot is appearing in the Press against the requirement of maintaining a minimum balance in the bank accounts, which most small account holders cannot do and are consequently penalised monthly for the various amounts as per each bank's own policy.
Published 19 Jul, 2005 12:00am
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