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May 30, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-09-23
CBOT wheat futures sharply higher

CBOT wheat futures sharply higher

Wheat futures at the Chicago Board of Trade closed sharply higher on Thursday, climbing more than 3 percent as strong weekly export data and talk of sales to Iraq triggered speculative buying, traders said.
Published 23 Sep, 2006 12:00am
India's winter oilseed output seen falling

India's winter oilseed output seen falling

India's winter-harvested oilseed output is expected to fall 10.2 percent in the 2006/07 crop year from a year earlier due to erratic rains in growing regions, a leading trade body said on Friday.
Published 23 Sep, 2006 12:00am
Oil cake market rates

Oil cake market rates

Futures moved both ways in the forward cottonseed oilcake market on Friday as some buyers showed little interest in, dealers said. The December vaida commenced unchanged at Rs 537.50. Meanwhile, it was quoted higher at Rs 535.60. During the day, it shed R
Published 23 Sep, 2006 12:00am
Cotton spot rate falls by Rs 25 on steady arrivals

Cotton spot rate falls by Rs 25 on steady arrivals

Bearish sentiment was witnessed on the cotton market on Friday as phutti arrivals were steady and there was no adverse news about the cotton production, dealers said.
Published 23 Sep, 2006 12:00am
No major changes on grain market

No major changes on grain market

No major changes were seen on the grain market on Friday as most of the commodities maintained the overnight levels in process of trading, they said.
Published 23 Sep, 2006 12:00am
Sarbazi returns

Sarbazi returns

Senior sub-editor of Business Recorder and KPC's Joint Secretary Saeed Sarbazi returned home safely on late Friday after remaining missing for 3 days. According to Sarbazi, he was dropped near Karsaz blind-folded from a truck from where he hired a
Published 23 Sep, 2006 12:00am
Jute goods mixed on Jodia Bazar

Jute goods mixed on Jodia Bazar

The trading in jute goods closed mixed on Jodia Bazar here on Friday. The following changes were noted. Jute Goods Twine (Per kg): 20x3 brown ended down by Rs 1.50 at Rs 38, 16x3 CRT/Indus moved lower by Rs 1.50 at Rs 38, 8x3 finished down by Re 1 at Rs 6
Published 23 Sep, 2006 12:00am
Sarbazi returns

Sarbazi returns

Senior sub-editor of Business Recorder and KPC's Joint Secretary Saeed Sarbazi returned home safely on late Friday after remaining missing for 3 days. According to Sarbazi, he was dropped near Karsaz blind-folded from a truck from where he hired a
Published 23 Sep, 2006 12:00am
New soya rust found in Carolinas

New soya rust found in Carolinas

The yield-cutting soybean rust fungus was found on Thursday in two more counties in North Carolina and another in South Carolina, the US Agriculture Department said on its rust-monitoring Web site.
Published 23 Sep, 2006 12:00am
New York coffee scales eight-day peak

New York coffee scales eight-day peak

Benchmark arabica futures settled at their loftiest level in eight days on Wednesday, with a buoyant robusta market in London prompting speculators and funds to buy back their short positions, traders said.
Published 23 Sep, 2006 12:00am
New York cocoa futures end at four-week high

New York cocoa futures end at four-week high

US cocoa futures sprinted more than 4 percent to settle at a 4-week peak on Thursday, boosted by fund buying, speculative short-covering and limited producer selling amid continued dollar weakness, traders said.
Published 23 Sep, 2006 12:00am
MGE wheat higher on CBOT strength

MGE wheat higher on CBOT strength

Spring wheat futures at the Minneapolis Grain Exchange closed sharply higher on Thursday, following the Chicago wheat market up on solid weekly export data and talk of new sales to Iraq, traders said.
Published 23 Sep, 2006 12:00am
US copper up on technical buys

US copper up on technical buys

Copper futures in New York closed up over 1 percent on Thursday in mostly technical business, with further upside expected in the near-term, traders said.
Published 23 Sep, 2006 12:00am
Indian soya oil and wheat futures down; sugar mixed

Indian soya oil and wheat futures down; sugar mixed

Weak international markets dragged down Indian soya oil futures on Thursday, while wheat fell on expectations that private firms were going to import a total of 1.5 million tonnes of the grain by the end of 2006.
Published 23 Sep, 2006 12:00am
New York gold bounces to close higher

New York gold bounces to close higher

Gold futures in New York settled higher on Thursday as prices strengthened on the back of steady crude oil and a weaker US currency, which made dollar-denominated metals more attractive to investors.
Published 23 Sep, 2006 12:00am
Gold sustains gains on weak dollar

Gold sustains gains on weak dollar

Gold extended gains on Friday as the US dollar fell against other currencies and crude oil prices rebounded on short-covering after falling to a six-month low of around $59 a barrel this week. Spot gold rose to $585.80/586.80 an ounce from $582.30/583.30
Published 23 Sep, 2006 12:00am
Chinese soyabean lower

Chinese soyabean lower

A weekly Chinese grain survey showed traders sentiment turned weaker for next week's soyabean complex as well as for corn and wheat because of sufficient supplies on the market, a state think-tank said on Friday.
Published 23 Sep, 2006 12:00am
Oil recovers further towards $62 after six-week dive

Oil recovers further towards $62 after six-week dive

Oil prices rose for a second day on Friday after a brief mid-week dip below $60, as investors anticipated the market's six-week slump driven by rising US inventories and easing Iran tensions may be coming to an end.
Published 23 Sep, 2006 12:00am
CBOT rice up

CBOT rice up

Rough rice futures at the Chicago Board of Trade closed firm on Thursday amid light speculative buying, traders said. It was a mild bounce from Wednesday's lower close. November rice closed 5 cents higher at $9.58 per hundredweight and the back months end
Published 23 Sep, 2006 12:00am
Indonesian palm oil down on weak sentiment

Indonesian palm oil down on weak sentiment

Indonesian palm oil prices were down on Thursday because of weak market sentiment following unstable prices in Malaysian palm oil futures, traders said. In North Sumatra's Medan, the main port for palm oil exports, crude palm oil fell to 4,120 rupiah ($0.
Published 23 Sep, 2006 12:00am
Japan lifts ban on US long rice

Japan lifts ban on US long rice

Japan has lifted a ban on imports of US long-grain rice imposed last month over fears of an illegal genetically modified (GMO) strain, as it has authorised testing protocol to prevent tainted supplies from entering the domestic market.
Published 23 Sep, 2006 12:00am
New York sugar settles at week low

New York sugar settles at week low

Raw sugar prices plunged on late commodity fund selling and investment liquidation to end at a week low on Thursday as players aggressively moved out of the front month before it expires next week, brokers said.
Published 23 Sep, 2006 12:00am
Soya hits two-week top

Soya hits two-week top

Soyabean futures at the Chicago Board of Trade reached a two-week high on Thursday as better-than-expected weekly export sales data ignited a technical rally, traders said. November soya broke through its 20-day moving average of $5.50-3/4 on the open, cl
Published 23 Sep, 2006 12:00am
Asian coffee: weather and stocks top trade agenda

Asian coffee: weather and stocks top trade agenda

Asian coffee traders are keeping an eye on rains and stocks as supplies have tightened in the world's two biggest robusta producers, while weather changes in the next month will play a key role in new harvests.
Published 23 Sep, 2006 12:00am
Tokyo rubber rebounds

Tokyo rubber rebounds

Tokyo rubber rose on Thursday in a technical correction as small speculators took long positions after funds sold persistently over the past few days, traders said.
Published 23 Sep, 2006 12:00am
Malaysian palm oil higher on buying

Malaysian palm oil higher on buying

Malaysian crude palm oil futures closed higher on Friday, boosted by fresh buying interest in an oversold market and higher prices of crude oil. The benchmark third-month December contract on the Bursar Malaysia Derivatives exchange ended up 10 ringgit to
Published 23 Sep, 2006 12:00am
US, UK and Asian funds in pool for Telecom Italia

US, UK and Asian funds in pool for Telecom Italia

A group of investors interested in Telecom Italia assets include international private equity funds and industrial groups, businessman Mario Resca said in an interview published on Friday.
Published 23 Sep, 2006 12:00am
Eurozone industrial orders above expectations

Eurozone industrial orders above expectations

New industrial orders in the eurozone beat expectations in July, pointing to continued economic growth, but economists said the manufacturing expansion may have peaked.
Published 23 Sep, 2006 12:00am
Sony cuts PS3 Japan price by 20 percent

Sony cuts PS3 Japan price by 20 percent

Sony Corp on Friday cut the price of its new game machine PlayStation 3 by 20 percent in Japan, in a surprise move that will attract more customers but likely widen losses in its game division.
Published 23 Sep, 2006 12:00am
Indian court lifts state ban on Coke and Pepsi

Indian court lifts state ban on Coke and Pepsi

A court in India on Friday lifted a state ban on Coca-Cola Co and PepsiCo drinks, which had been imposed after an environmental group said they contained unsafe levels of pesticides. The ban on the production and sale of the drinks was imposed by the Comm
Published 23 Sep, 2006 12:00am
EU goes back to WTO over US method

EU goes back to WTO over US method

The European Union on Friday again turned to the World Trade Organisation (WTO) in a long-running row with the United States over the way Washington calculates the size of anti-dumping duties.
Published 23 Sep, 2006 12:00am
Abertis wins EU permission to buy Autostrade

Abertis wins EU permission to buy Autostrade

Spain's Abertis won permission on Friday from the European Commission to buy Italy's Autostrade in a deal that will create the world's largest toll road operator and infrastructure company.
Published 23 Sep, 2006 12:00am
Moody's rolls out loss-given-default ratings

Moody's rolls out loss-given-default ratings

Moody's Investors Service is rolling out new ratings assessing the losses suffered by lenders to "junk"-rated companies, which the agency hopes will make its traditional credit ratings more consistent.
Published 23 Sep, 2006 12:00am
Dell to invest $30 million to build Indian PC plant

Dell to invest $30 million to build Indian PC plant

Dell Inc, the world's largest maker of personal computers, said on Friday it would set up manufacturing operations in India in the first half of 2007. The company will invest $30 million over five years in the plant, which would be set up in Sriperumbudur
Published 23 Sep, 2006 12:00am
P&G pulls cosmetics line from China

P&G pulls cosmetics line from China

US consumer products giants Procter and Gamble said Friday it had pulled its popular SK-II line of beauty products off the shelf in China, sparking violence at the company's Shanghai office.
Published 23 Sep, 2006 12:00am
Japan and Chile clinch basic free trade deal

Japan and Chile clinch basic free trade deal

Japan and Chile reached a basic deal on Friday to abolish tariffs on most products over the next decade, Japanese Trade Ministry officials said.
Published 23 Sep, 2006 12:00am
US and China at odds over timing not substance: Paulson

US and China at odds over timing not substance: Paulson

The United States and China differ on how quickly they can resolve their economic disagreements, but not on the general goals, US Treasury Secretary Henry Paulson said on Friday after meeting China's top two leaders.
Published 23 Sep, 2006 12:00am
Asia must boost infrastructure investment: Asian Bank

Asia must boost infrastructure investment: Asian Bank

Asia must dramatically boost investment in infrastructure in the next decade or risk losing its global competitive edge, the president of the Asian Development Bank warned Friday.
Published 23 Sep, 2006 12:00am
Malaysian shares end little changed

Malaysian shares end little changed

Malaysian share prices closed little changed on Friday, with investors sidelined ahead of a central bank decision on interest rates next week, dealers said.
Published 23 Sep, 2006 12:00am
Hong Kong shares slightly lower

Hong Kong shares slightly lower

Hong Kong stocks ended down 0.1 percent on Friday after hitting six-year peaks the previous session, but China Merchants Bank surged in its trading debut after the US $2.4 billion stock sale by the country's sixth-largest lender saw heavy investor demand.
Published 23 Sep, 2006 12:00am
US stocks sink on fears of slowing economy

US stocks sink on fears of slowing economy

US stocks fell on Thursday after a report said factory activity contracted in the US Mid-Atlantic region in September for the first time in over three years, prompting worries about a slowdown in the US economy and corporate profits.
Published 23 Sep, 2006 12:00am
Jakarta shares close up

Jakarta shares close up

Indonesian share prices closed 0.23 percent higher on Friday, with the main index supported by gains in major banks but the broad market coming under some pressure from profit takers, dealers said.
Published 23 Sep, 2006 12:00am
US Treasuries jump on weak business conditions

US Treasuries jump on weak business conditions

US Treasury debt prices surged on Thursday after a surprisingly weak reading on Mid-Atlantic business conditions reinforced views the Federal Reserve will not have to raise interest rates any further.
Published 23 Sep, 2006 12:00am
US Treasuries jump on weak business conditions

US Treasuries jump on weak business conditions

US Treasury debt prices surged on Thursday after a surprisingly weak reading on Mid-Atlantic business conditions reinforced views the Federal Reserve will not have to raise interest rates any further.
Published 23 Sep, 2006 12:00am
Philippines shares slump

Philippines shares slump

Philippines share prices closed 1.0 percent lower on Friday as investors began to take profits in face of the market's increased volatility and after losses overnight on Wall Street, dealers said. They said select blue chips, led by Philippine Long Distan
Published 23 Sep, 2006 12:00am
Singapore shares tumble

Singapore shares tumble

Singapore share prices closed 0.70 percent lower on Friday weighed down by Wall Street's overnight decline on renewed worries the US economy may be cooling down faster than expected, dealers said. The Straits Times Index fell 17.76 points to 2,520.50. Vol
Published 23 Sep, 2006 12:00am
Thai coup drives shares to two-month low

Thai coup drives shares to two-month low

Thai share prices closed at a two-month low on Friday as investors continued uneasy after a military coup ousted premier Thaksin Shinawatra overnight Tuesday, dealers said.
Published 23 Sep, 2006 12:00am
Nikkei hits six-week closing low

Nikkei hits six-week closing low

The Nikkei average fell 1.26 percent to a six-week closing low on Friday as concerns about corporate earnings prompted investors to take profits in Canon Inc and other recent gainers.
Published 23 Sep, 2006 12:00am
Indian shares sag

Indian shares sag

Indian share prices closed down 0.31 percent on Friday, snapping two days of strong gains amid bearish global stock market sentiment triggered by fears of a US economic slowdown, dealers said. They said buying interest weakened across index and mid-cap st
Published 23 Sep, 2006 12:00am
Chinese shares drop

Chinese shares drop

Chinese shares fell 0.89 percent on Friday, with China Merchants Bank's A-shares losing steam despite its strong Hong Kong listing, and airline stocks dropping after global oil prices rebounded.
Published 23 Sep, 2006 12:00am
Swiss franc gains versus dollar

Swiss franc gains versus dollar

The Swiss franc was slightly stronger against the dollar on Friday after weak US data hurt the greenback across the board, but remained close to multi-year lows against the euro.
Published 23 Sep, 2006 12:00am
Chinese yuan hits high for fourth straight day

Chinese yuan hits high for fourth straight day

The yuan set its fourth straight post-revaluation high against the dollar in a single week on Friday and breached the psychologically important level of 7.9200 for the first time since the policy change in July 2005.
Published 23 Sep, 2006 12:00am
Dollar smarts after data suggests US rates

Dollar smarts after data suggests US rates

The dollar hovered around two-week lows against the yen and the euro on Friday after data showed more signs of a slowdown in the US economy, keeping expectations high that interest rates will stay on hold.
Published 23 Sep, 2006 12:00am
Dollar drops as Philly Fed turns negative

Dollar drops as Philly Fed turns negative

The dollar slid on Thursday, suffering its worst decline against the euro in two months, after a report showed business activity contracting in the US Mid-Atlantic region in September for the first time in over three years.
Published 23 Sep, 2006 12:00am
Asian currencies go on defensive

Asian currencies go on defensive

Asian currencies went on the defensive on Friday as dollar weakness failed to protect them from emerging market jitters. The Thai baht bucked the regional trend and firmed to about 37.30 per dollar, up about 1.7 percent from an almost seven-week low hit o
Published 23 Sep, 2006 12:00am
Australian dollar subdued

Australian dollar subdued

The Australian dollar was subdued on Friday as fresh signs of a US slowdown raised concerns Australia could follow the world's biggest economy into weakness.
Published 23 Sep, 2006 12:00am
Hong Kong dollar lower

Hong Kong dollar lower

The Hong Kong dollar erased early gains on Friday afternoon and ended lower as arbitrage trades re-emerged. The currency was trading at 7.7844/45 to the US dollar, retreating from an early morning high of 7.7798, and down from Thursday's close of 7.7836/3
Published 23 Sep, 2006 12:00am
Nothing wrong with tampered ball, says Waqar

Nothing wrong with tampered ball, says Waqar

Pakistan's bowling coach Waqar Younis claimed in an interview Friday that the ball in the controversial tampering saga that led to Pakistan forfeiting a Test to England last month had showed no signs of illegal alteration.
Published 23 Sep, 2006 12:00am
Mauresmo ousts Davenport

Mauresmo ousts Davenport

World number one Amelie Mauresmo beat American Lindsay Davenport for the first time in 12 matches on Friday, taking her place in the semi-finals of the China Open with a 6-4 6-3 win.
Published 23 Sep, 2006 12:00am
Sania Mirza romps into Kolkata semi-finals

Sania Mirza romps into Kolkata semi-finals

India's Sania Mirza won a battle of teenagers to upstage fourth seed Aravane Rezai and reach the semi-finals of the Kolkata Open on Friday. Fifth-seed Mirza rallied from 4-1 down in the second set for a 6-4 7-5 victory over fellow 19-year-old Rezai, a Fre
Published 23 Sep, 2006 12:00am
Europe edge into one point lead in Ryder Cup

Europe edge into one point lead in Ryder Cup

The United States drew first blood at the 36th Ryder Cup but holders Europe forged ahead by 2-1/2 points to 1-1/2 after Friday's opening fourball encounters at the K Club on Friday.
Published 23 Sep, 2006 12:00am
ICC rejects Pakistan's demand to omit Hair

ICC rejects Pakistan's demand to omit Hair

Pakistan's demand that Australian umpire Darrell Hair should not be appointed at next month's Champions Trophy has been rejected by the International Cricket Council (ICC).
Published 23 Sep, 2006 12:00am
Lee helps Australia reach DLF Cup final

Lee helps Australia reach DLF Cup final

A fiery Brett Lee bowled Australia into the DLF Cup one-day final on Friday, grabbing three late wickets to hand his side a tense 18-run victory over India. It sets up a final showdown with the West Indies on Sunday, and sends the Indians back home with p
Published 23 Sep, 2006 12:00am
Gambian voters cast marbles to choose new leader

Gambian voters cast marbles to choose new leader

Voters in the tiny West African nation of Gambia went to the polls on Friday in a presidential election widely expected to extend the iron-fisted rule of incumbent Yahya Jammeh for a third elected term.
Published 23 Sep, 2006 12:00am
Zuma denies campaigning to be president

Zuma denies campaigning to be president

Jacob Zuma, a favourite of South Africa's left, on Friday denied the widespread belief that he has renewed his campaign to become the country's next president after the collapse of a graft case against him.
Published 23 Sep, 2006 12:00am
EU, Montenegro to restart talks on ties next week

EU, Montenegro to restart talks on ties next week

The European Union will restart talks with newly independent Montenegro on Tuesday on an agreement that is a first step towards eventually joining the EU, the European Commission said.
Published 23 Sep, 2006 12:00am
Hungarians rally against government for fifth night

Hungarians rally against government for fifth night

Hungarians rallied outside parliament on Friday and prepared for a fifth overnight vigil to demand Prime Minister Ferenc Gyurcsany resign, after a leaked tape showed him admitting he had lied to win April elections.
Published 23 Sep, 2006 12:00am
Religious group advances in Somalia

Religious group advances in Somalia

Dozens of religious group battlewagons advanced on the strategic Somali port of Kismayo on Friday in what the interim government termed a violation of a pact to stop military expansion in Horn of Africa nation.
Published 23 Sep, 2006 12:00am
Indonesian executions spark violent protests

Indonesian executions spark violent protests

Thousands protested over the execution of three Christians in Indonesia on Friday, torching an official's house and setting prisoners free in the hometown of one of the executed men.
Published 23 Sep, 2006 12:00am
Gazans rush to cross border during opening

Gazans rush to cross border during opening

Hundreds of Palestinians jostled to cross the border between the Gaza Strip and Egypt on Friday when it reopened for the first time in weeks under an agreement with the Israelis. An Israeli army spokeswoman said the Rafah crossing would open for 48 hours
Published 23 Sep, 2006 12:00am
Pope set to meet Muslim envoys, protests continue

Pope set to meet Muslim envoys, protests continue

Pope Benedict will meet Muslim ambassadors to the Vatican and Italian Islamic leaders on Monday to try to calm anger over his use of a medieval text which says their religion was spread by violence.
Published 23 Sep, 2006 12:00am
Hamas won't join government that recognises Israel

Hamas won't join government that recognises Israel

Hamas said on Friday it would not join any Palestinian unity government that recognised Israel, rebuffing President Mahmoud Abbas who told the United Nations any future coalition would do so and also renounce violence.
Published 23 Sep, 2006 12:00am
Pilot killed as plane plunges into Cape Town bay

Pilot killed as plane plunges into Cape Town bay

A South African aerobatics plane practising for an airshow plunged into Cape Town's picturesque bay on Friday, killing the pilot, officials said. The two-seater jet, a Czech-built L-29 trainer, was flying part of a formation routine when it swooped too lo
Published 23 Sep, 2006 12:00am
High tech German train crash kills 21

High tech German train crash kills 21

A high tech magnetic train carrying 29 people smashed into a maintenance vehicle on a test run in northern Germany on Friday, killing 21 people, authorities said.
Published 23 Sep, 2006 12:00am
Chavez wants to be world's anti-US voice

Chavez wants to be world's anti-US voice

Venezuelan President Hugo Chavez staked a claim to be the world's leading anti-American voice by branding US President George W. Bush as the devil in a speech to the United Nations this week.
Published 23 Sep, 2006 12:00am
Two more convicted over 1993 Mumbai blasts

Two more convicted over 1993 Mumbai blasts

An Indian court on Friday convicted two more Muslim men accused in the 1993 Mumbai blasts that killed 257 people in India's deadliest terrorist attack.
Published 23 Sep, 2006 12:00am
Russia slams Nato over ties with Georgia

Russia slams Nato over ties with Georgia

Russia on Friday denounced moves by Nato to forge closer ties with Georgia, saying any eventual membership of the Western alliance by the ex-Soviet state would seriously threaten Russia's interests.
Published 23 Sep, 2006 12:00am
UN rights monitors accuse Sudan of bombing Darfur

UN rights monitors accuse Sudan of bombing Darfur

UN human rights monitors on Friday accused Sudan's army of bombing villages in North Darfur, killing and injuring civilians, and forcing hundreds of people to flee their homes.
Published 23 Sep, 2006 12:00am
Nasrallah makes first postwar appearance

Nasrallah makes first postwar appearance

Hizbollah leader Sayyed Hassan Nasrallah emerged in public on Friday for the first time since the war with Israel, waving to a sea of his supporters thronging southern Beirut for a "divine victory" rally. Flanked by burly bodyguards, Nasrallah appeared on
Published 23 Sep, 2006 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee ended weaker on Friday due to heavy dollar demand from foreign banks looking to arbitrage in the offshore non-deliverable forward (NDF) market and as oil companies bought the dollar.
Published 23 Sep, 2006 12:00am
Sterling stays at two-year high

Sterling stays at two-year high

Sterling hit a two-year high on a trade-weighted basis on Friday, supported by expectations for a Bank of England rate rise in November, just as markets are beginning to speculate that US rates may have peaked.
Published 23 Sep, 2006 12:00am
Dollar suffers setback in London

Dollar suffers setback in London

The dollar hit a two-week low against the euro on Friday after a regional Federal Reserve survey pointed to a slowdown in the US economy, reinforcing expectations US interest rates have peaked.
Published 23 Sep, 2006 12:00am
Bonds: Philly Fed hits indices

Bonds: Philly Fed hits indices

Weak US economic data sapped the European credit market on Friday, while the Dutch state's sale of its remaining stake in KPN and continuing unease about Telecom Italia stung the telecoms sector.
Published 23 Sep, 2006 12:00am
Bonds: Philly Fed hits indices

Bonds: Philly Fed hits indices

Weak US economic data sapped the European credit market on Friday, while the Dutch state's sale of its remaining stake in KPN and continuing unease about Telecom Italia stung the telecoms sector.
Published 23 Sep, 2006 12:00am
US Stocks: Friday's unofficial close

US Stocks: Friday's unofficial close

US stocks declined on Friday amid signs the economy may slow more than expected and reduce the profits of large industrial companies and other companies sensitive to the economic cycle.
Published 23 Sep, 2006 12:00am
Seoul shares drop

Seoul shares drop

Seoul shares suffered their biggest drop in almost two weeks on Friday as exporters such as Hyundai Motor slid on concern about the extent of a slowdown in the US economy following a surprise drop in regional factory activity.
Published 23 Sep, 2006 12:00am
UK's top share index falls

UK's top share index falls

Britain's FTSE closed down on Friday, maintaining early losses which traders said were the result of a second straight dip on Wall Street and increased concerns about weakening economic growth.
Published 23 Sep, 2006 12:00am
Italy finds GMO-tainted rice from US

Italy finds GMO-tainted rice from US

The Italian government said on Friday it had found traces of genetically modified rice in batches shipped from the United States, the latest European country to detect the grain which has no licence to be sold.
Published 23 Sep, 2006 12:00am
Shrinking global feed stocks to drive corn market

Shrinking global feed stocks to drive corn market

The global supply of feed grains is expected to fall to the lowest level in 30 years next year, as the ethanol industry soars and high meat consumption spurs demand for feedgrains including corn, analysts said.
Published 23 Sep, 2006 12:00am
Oil falls on US economic concerns

Oil falls on US economic concerns

Oil prices followed US stocks lower on Friday as slowing economic growth raised fears demand could falter for the world's biggest energy consumer. US light crude for November delivery settled down $1.04 to $60.55, deepening a six-week slide of around $15.
Published 23 Sep, 2006 12:00am
India's soyameal exports to China may double

India's soyameal exports to China may double

India's soyameal exports to China were likely to double to 1.4 million tonnes in the year ending October 2007 after China scrapped an import duty on Indian soyameal, the chairman of a key industry body said on Friday.
Published 23 Sep, 2006 12:00am
New York cotton futures mixed

New York cotton futures mixed

Cotton futures ended mixed Friday as speculators and trade were on both sides of the market in modest dealings, brokers said. The New York Board of Trade's December cotton contract rose 0.12 cent to close at 52.10 cents per lb, moving from 51.50 to 52.39
Published 23 Sep, 2006 12:00am
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