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May 07, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-05-30
Indian sugar falls

Indian sugar falls

Indian sugar futures fell for a fourth day on Thursday, taking cues from sluggish spot demand after rains in some regions drove bulk buyers like ice cream and beverage makers away. At 4:05 pm (1035 GMT), the June contract was down 0.43 percent at 1,402 ru
Published 30 May, 2008 12:00am
New York cocoa closes higher

New York cocoa closes higher

US cocoa futures prices ended Wednesday with healthy gains as some funds bought in tandem with rising oil prices, which sent prices through key resistance levels that traders said spurred additional buying.
Published 30 May, 2008 12:00am
Dyes finish up on Jodia Bazaar

Dyes finish up on Jodia Bazaar

The trading on dyes moved up on Jodia Bazaar here on Thursday. The following variations were seen.
Published 30 May, 2008 12:00am
US corn ends lower

US corn ends lower

US corn futures on the Chicago Board of Trade fell Wednesday on ideas of reduced feed use after the government said it would open more than 24 million Conservation Reserve Programme acres for foraging cattle, traders said.
Published 30 May, 2008 12:00am
US wheat ends mixed

US wheat ends mixed

US wheat futures closed mixed on Wednesday, paring early losses as spillover strength from a rally in soyabeans and crude oil offset pressure from improved US winter wheat ratings and harvest pressure, traders said. Outlooks for much-needed rain in easter
Published 30 May, 2008 12:00am
Oil cake market rates

Oil cake market rates

Downward trend persisted on the forward cottonseed oilcake market on Thursday as leading buyers were on the sidelines due to rising trend in the prices, dealers said. The July vaida opened with Re.1 loss at 805.00, they said.

Published 30 May, 2008 12:00am
Spot rate raised by Rs 50 at Rs 3700 on cotton market

Spot rate raised by Rs 50 at Rs 3700 on cotton market

Spot rate was further higher on the cotton market on Thursday despite the fact that there was no rush by the mills, experts said. The Karachi Cotton Association (KCA) raised official spot rate by another Rs 50 second in succession, at Rs 3700, dealers sai
Published 30 May, 2008 12:00am
Prices mostly turn lower on grain market

Prices mostly turn lower on grain market

Small business was seen on the grain market on Thursday as most of the commodity items drifted lower, dealers said. On the cereal side, wheat old and new rose by Rs 50 to Rs 2200 and 2215. Other commodities maintained the overnight levels in process slow
Published 30 May, 2008 12:00am
Cotton prices tightly held at record levels

Cotton prices tightly held at record levels

Cotton prices continued their advance this week and remained firm on Thursday even if the reported volume of business remained low. Traders said that ginners still hold more or less 200,000 (Two hundred thousand) bales of unsold cotton with them from the
Published 30 May, 2008 12:00am
Cotton prices tightly held at record levels

Cotton prices tightly held at record levels

Cotton prices continued their advance this week and remained firm on Thursday even if the reported volume of business remained low. Traders said that ginners still hold more or less 200,000 (Two hundred thousand) bales of unsold cotton with them from the
Published 30 May, 2008 12:00am
China cotton imports may rise

China cotton imports may rise

China's cotton imports in 2008/09 are forecast to rise to 3.7 million tonnes from 2.7 million tonnes a year ago due to higher demand and a shift in land going from cotton to grain crops, a US Agriculture Department attache in Beijing said on Wednesday.
Published 30 May, 2008 12:00am
US rice slides daily limit

US rice slides daily limit

US rice futures on the Chicago Board of Trade fell the maximum daily trading limit for the second straight day on Wednesday, following the weakness in Asian cash markets, traders said. The front three months closed down the $1.15 trading limit, with July
Published 30 May, 2008 12:00am
New York sugar ends firmer

New York sugar ends firmer

Raw sugar futures settled firmer on Wednesday on suspected short-covering tied to possible buying by a Latin American country and the sustained interest could nudge the market higher in the days ahead, brokers said. The key raw July sugar contract added 0
Published 30 May, 2008 12:00am
US gold cuts losses to end lower

US gold cuts losses to end lower

US gold futures end lower amid heavy volume for a second straight day on Wednesday, but bullion recoups initial sharp losses as crude oil turns higher after tanking early.
Published 30 May, 2008 12:00am
Gold slips in Asia

Gold slips in Asia

Gold slipped again below $900 an ounce on Thursday, under pressure from a stronger US dollar that helped push oil lower and weakened bullion's appeal both as an anti-inflation tool and an alternative currency. Spot gold was quoted at $897.20/898.20 an oun
Published 30 May, 2008 12:00am
Indonesian palm oil extends losses

Indonesian palm oil extends losses

Indonesian palm oil prices eased on Thursday because of a drop in the Malaysian market and slow demand in the local market, dealers said. In North Sumatra's Medan, home to Belawan port - the key port for palm oil exports - producers sold crude palm oil at
Published 30 May, 2008 12:00am
Soya futures soar with crude

Soya futures soar with crude

US soybean futures on the Chicago Board of Trade surged on Wednesday in line with the rebound in crude oil and concerns about trade in one of the world's leading soy exporters after Argentine farmers resumed their strike, traders said. July soybeans ended
Published 30 May, 2008 12:00am
Thai rubber output to rise by 2010

Thai rubber output to rise by 2010

Thailand expects rubber production to rise 13 percent by 2010, as it widens north-eastern plantation areas in a drive to turn the region into an Indochina rubber trading hub, a government minister said on Thursday.
Published 30 May, 2008 12:00am
UN carbon offset market grows as exchanges rush in

UN carbon offset market grows as exchanges rush in

Trade in UN-approved carbon emission offset credits under the Kyoto Protocol is quickly becoming mainstream as exchanges looking for a piece of the action rush into the still nascent market.
Published 30 May, 2008 12:00am
Investors boost stocks to 2008 high

Investors boost stocks to 2008 high

Leading global investors lifted their stock holdings to the highest level this year in May but remained cautious in the face of fragile global growth and higher inflation. Reuters surveys of 44 investment companies in the United States, continental Europe
Published 30 May, 2008 12:00am
India okays $193 million foreign investments

India okays $193 million foreign investments

India on Thursday approved 14 foreign direct investment proposals totally worth 8.26 billion rupees ($193 million), including in electrical-products maker Havells India Ltd. Finance Minister Palaniappan Chidambaram approved the issue of shares and convert
Published 30 May, 2008 12:00am
India may end wheat, basmati rice export bans

India may end wheat, basmati rice export bans

India will review bans on exports of wheat and basmati rice, but shipments of other grades of rice will not be allowed at least until November, the country's farm minister, Sharad Pawar, told Reuters.
Published 30 May, 2008 12:00am
Bangladesh banks to raise deposit rates to narrow gap

Bangladesh banks to raise deposit rates to narrow gap

Bangladesh's private banks will raise interest rates by up to 3 percentage points for deposits to narrow the gap with lending rates which have also come down, a senior bank official said on Thursday. Private banks last week agreed to cut lending rates by
Published 30 May, 2008 12:00am
US farm bill poor trade signal: Lamy

US farm bill poor trade signal: Lamy

A US Congress farm plan that could increase agricultural subsidies does not help efforts to conclude a long-delayed global trade deal, World Trade Organisation Director-General Pascal Lamy said on Thursday. After meeting visiting senior US lawmakers in Br
Published 30 May, 2008 12:00am
India unveils final guidelines for foreign exchange futures

India unveils final guidelines for foreign exchange futures

An Indian panel on Thursday recommended the introduction of exchange-traded currency futures as a way of developing the country's foreign exchange markets, although foreigners would not be able to trade the derivatives.
Published 30 May, 2008 12:00am
Credit turmoil to dampen Swiss growth: IMF

Credit turmoil to dampen Swiss growth: IMF

The global credit turmoil is set to dampen economic growth in Switzerland, where the financial sector has been hit by bank losses related to the US subprime mortgage crisis, the International Monetary Fund said on Thursday.
Published 30 May, 2008 12:00am
Norway numbers show economic cycle has peaked

Norway numbers show economic cycle has peaked

Fresh economic data confirmed on Thursday that Norway's booming, oil-charged economy has reached its peak after nearly five years of strong growth, casting doubt on expectations of further interest rate increases. Private consumption grew less than expect
Published 30 May, 2008 12:00am
Eurozone economy slows as inflation picks up

Eurozone economy slows as inflation picks up

The eurozone economy is slowing while inflation remains stubbornly high, data showed on Thursday in a mix that is likely to keep European Central Bank interest rates on hold for some time. Economic sentiment defied expectations that it would fall for the
Published 30 May, 2008 12:00am
US GDP growth revised higher, jobless claims up

US GDP growth revised higher, jobless claims up

The US economy grew a bit faster than first thought in the first quarter as demand for foreign goods fell and commercial building picked up, adding to evidence that the United States may stave off recession. The Commerce Department said on Thursday that g
Published 30 May, 2008 12:00am
Petronas pays Santos $2.5 billion for LNG stake

Petronas pays Santos $2.5 billion for LNG stake

Malaysian state oil company Petronas will buy a 40 percent stake in Australian energy firm Santos Ltd's Gladstone liquefied natural gas project for up to $2.51 billion, to bolster its position as Asia's largest LNG producer as competition heats up.
Published 30 May, 2008 12:00am
Turner to take top job at UK's FSA

Turner to take top job at UK's FSA

Britain has named former industry boss Adair Turner as chairman of its financial regulator, charged with restoring confidence in a watchdog battered by the near-collapse of Northern Rock and the wider credit crunch.
Published 30 May, 2008 12:00am
Turner to take top job at UK's FSA

Turner to take top job at UK's FSA

Britain has named former industry boss Adair Turner as chairman of its financial regulator, charged with restoring confidence in a watchdog battered by the near-collapse of Northern Rock and the wider credit crunch.
Published 30 May, 2008 12:00am
Jakarta shares make small gains

Jakarta shares make small gains

Indonesian shares closed a volatile session 0.5 percent higher on Thursday, supported by overnight gains on Wall Street and higher dividend payouts by major companies, dealers said. The Jakarta Composite Index closed up 13.19 points at 2,446.95, off a hig
Published 30 May, 2008 12:00am
Australian shares close up 1.1 percent

Australian shares close up 1.1 percent

Australian shares closed up 1.1 percent on Thursday as investors snapped up leading energy stocks, although concerns about rising costs weighed on industrial counters, dealers said. The benchmark S&P/ASX 200 closed up 61.3 points at 5,709.4, while the bro
Published 30 May, 2008 12:00am
Hong Kong stocks slightly firmer

Hong Kong stocks slightly firmer

Hong Kong stocks rose 0.6 percent on Thursday, tracking firmer regional markets, after data showed surprisingly strong US business spending, but offshore oil producer CNOOC fell as crude prices declined. PCCW Ltd jumped 9.4 percent after the city's domina
Published 30 May, 2008 12:00am
US stocks buoyed by signs of business investment

US stocks buoyed by signs of business investment

US stocks rose on Wednesday as a report pointing to stronger business spending boosted shares of blue chip computer firms and heavy equipment makers, overshadowing the latest signs of turmoil in the financial sector. Shares of technology companies such as
Published 30 May, 2008 12:00am
Malaysian shares close little changed

Malaysian shares close little changed

Malaysian share prices closed little changed on Thursday, up 0.1 percent in quiet trade as investors were sidelined amid economic and political uncertainties, dealers said. The Kuala Lumpur Composite Index was up 1.24 points at 1,261.82. Volume traded was
Published 30 May, 2008 12:00am
US Treasury prices sag

US Treasury prices sag

US government debt prices sank on Wednesday as higher oil prices fanned inflation fears and stronger-than-expected data on durable goods eased recession worries, curbing the appetite for bonds. The yield on two-year Treasury notes broke above 2.60 percent
Published 30 May, 2008 12:00am
US Treasury prices sag

US Treasury prices sag

US government debt prices sank on Wednesday as higher oil prices fanned inflation fears and stronger-than-expected data on durable goods eased recession worries, curbing the appetite for bonds. The yield on two-year Treasury notes broke above 2.60 percent
Published 30 May, 2008 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 1.1 percent lower on Thursday after data showed economic growth slackened in the first quarter, worse than many economists had expected, dealers said. Gross domestic product for the quarter grew at 5.2 percent from a year e
Published 30 May, 2008 12:00am
Singapore shares surge

Singapore shares surge

Singapore share prices closed 0.89 percent higher on Thursday after better-than-expected US economic data, dealers said. The blue chip Straits Times Index rose 28.00 points to 3,160.78 on volume of 1.23 billion shares worth 1.78 billion Singapore dollars
Published 30 May, 2008 12:00am
Nikkei rises three percent

Nikkei rises three percent

The Nikkei stock average rose 3 percent on Thursday, posting its biggest daily gain in eight weeks, led by exporters such as Canon Inc on a softer yen and surprisingly strong US durable goods orders. In a broad rally, Aderans Holdings Co Ltd soared after
Published 30 May, 2008 12:00am
China stocks end down 1.7 percent

China stocks end down 1.7 percent

Chinese stocks fell on Thursday as brokerages and banks pulled back from gains made on speculation that authorities might soon announce the long-delayed launch of stock index futures.
Published 30 May, 2008 12:00am
Indian shares decline

Indian shares decline

Indian share prices fell 1.27 percent on Thursday as investors unwound positions while awaiting crucial inflation data Friday, dealers said. They said sentiment was hit by reports the government was set to decide later Thursday on hiking fuel prices and e
Published 30 May, 2008 12:00am
Seoul shares up

Seoul shares up

Seoul shares closed 2 percent higher on Thursday led by tech firms such as Samsung Electronics, which were buoyed by a positive earnings outlook and a US report pointing to strong business spending. Shares in Samsung Electronics advanced 5.49 percent to 7
Published 30 May, 2008 12:00am
Taiwan dollar up

Taiwan dollar up

The Taiwan dollar strengthened for a second straight session on Thursday as domestic stocks rose and exporters bought the currency, while expectations of warmer relations with China also boosted investor confidence. But the central bank capped gains in th
Published 30 May, 2008 12:00am
Yuan closes higher with bank guidance

Yuan closes higher with bank guidance

The yuan rose against the dollar on Thursday, encouraged by the Chinese central bank's decision to set a slightly stronger reference rate despite the dollar's firmness in global markets. The Chinese currency hit a new post-revaluation high of 6.9350 and c
Published 30 May, 2008 12:00am
Canadian dollar gets boost from oil

Canadian dollar gets boost from oil

The Canadian dollar ended its four-day losing skid to end higher against its US counterpart on Wednesday, as oil prices rebounded, giving a boost to the commodity-linked currency.
Published 30 May, 2008 12:00am
Dollar up on US data

Dollar up on US data

The dollar rose against the yen on Thursday, clawing back towards a two-week high hit the previous day after better-than-expected durable goods orders eased concerns about the outlook for the US economy.
Published 30 May, 2008 12:00am
Dollar rises as data supports US rates outlook

Dollar rises as data supports US rates outlook

The dollar rose broadly on Wednesday as a better-than-expected report on US durable goods orders for April bolstered the view the Federal Reserve may keep interest rates on hold or even raise them by year-end. Demand for the greenback also rose after repo
Published 30 May, 2008 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 68.53/68.55 (previous 68.54/68.55). Call Money Rates: 6.00-12.00 percent (previous 6.00-12.00 percent.
Published 30 May, 2008 12:00am
Most Asian currencies fall

Most Asian currencies fall

Asian currencies mostly fell on Thursday in the face of broad strength in the dollar and continuing fears of high oil prices, with the Philippine peso hitting a seven-month low even as the central bank intervened.
Published 30 May, 2008 12:00am
Tendulkar to miss Bangladesh tri-series, Asia Cup

Tendulkar to miss Bangladesh tri-series, Asia Cup

Indian batting superstar Sachin Tendulkar was on Thursday ruled out of the upcoming triangular series in Bangladesh as well as the Asia Cup due to a persistent groin injury. "Tendulkar has not recovered sufficiently from his groin injury," Indian cricket
Published 30 May, 2008 12:00am
Football: Punjab Police, Dera Ismail Khan advance

Football: Punjab Police, Dera Ismail Khan advance

The Punjab Police and Dera Ismail Khan forced their way into quarter-finals of All Pakistan Shaheed Benazir Bhutto Flood-lit Football Tournament. The absorbing pre quarterfinal matches were watched by a big audience at Okara's Municipal stadium as DFA Que
Published 30 May, 2008 12:00am
Wages spiral in wealthy English Premier League

Wages spiral in wealthy English Premier League

Wages and profits are up again in the English Premier League, but it lags behind Germany's Bundesliga in terms of profitability, a study by accountants Deloitte showed Thursday. Manchester United, fresh from winning another domestic title and the European
Published 30 May, 2008 12:00am
Australia seeks bitter-sweet series victory

Australia seeks bitter-sweet series victory

Australia are looking to wrap-up another series victory in the Caribbean, but they will be making a bitter-sweet entry into the second Test against West Indies, starting on Friday at the Vivian Richards Cricket Ground.
Published 30 May, 2008 12:00am
Football team leaves for Maldives today

Football team leaves for Maldives today

The Pakistan national football team is leaving for the Maldives via Colombo on May 30 to take part in South Asian Football Federation (Saff) championship from 3-14 June 2008. The 20-player squad will take flight of PIA (PK 305) from Lahore on 30th May at
Published 30 May, 2008 12:00am
'South African power crisis will last years'

'South African power crisis will last years'

The power shortage that has slowed South Africa's growth and frightened investors will go on for years, the head of state-owned electricity utility Eskom warned on Thursday.
Published 30 May, 2008 12:00am
Tajikistan's power shortages, prices worry West

Tajikistan's power shortages, prices worry West

Power shortages and high food prices in Tajikistan are causing concern in the West about the stability of the Central Asian state bordering Afghanistan. Russia, which sees Tajikistan as a buffer guarding its traditional sphere of interest in the region, i
Published 30 May, 2008 12:00am
Macedonia votes in shadow of violence, uncertainty

Macedonia votes in shadow of violence, uncertainty

Macedonians vote on Sunday in a parliamentary election marred by campaign violence and held against a backdrop of uncertainty over progress towards European Union and Nato membership. The conservative VMRO-DPMNE party of Prime Minister Nikola Gruevski is
Published 30 May, 2008 12:00am
China angry over Stone's quake karma remark

China angry over Stone's quake karma remark

Luxury retailer Christian Dior has pulled advertisements featuring Sharon Stone from stores across China after the actress suggested the country's earthquake was "bad karma" for Beijing's policies in Tibet.
Published 30 May, 2008 12:00am
Mutinous Guinea troops demand military chiefs go

Mutinous Guinea troops demand military chiefs go

Guinean soldiers raised new demands on Thursday for the sacking of army, navy and air force chiefs, refusing to abandon a violent four-day-old mutiny despite a government offer to pay them years of wage arrears.
Published 30 May, 2008 12:00am
Myanmar lashes out at 'chocolate bar' foreign aid

Myanmar lashes out at 'chocolate bar' foreign aid

Myanmar's junta lashed out at offers of foreign aid on Thursday, criticising donors' demands for access to the Irrawaddy delta and saying Cyclone Nargis' 2.4 million victims could "stand by themselves". "The people from Irrawaddy can survive on self-relia
Published 30 May, 2008 12:00am
Pressure grows on Olmert to step aside

Pressure grows on Olmert to step aside

Israel's foreign minister deepened the uncertainty over Prime Minister Ehud Olmert's ability to survive a corruption scandal by saying on Thursday their party had to prepare for a possible early election. Olmert has responded with a business-as-usual appr
Published 30 May, 2008 12:00am
Global food prices will ease, but stay high

Global food prices will ease, but stay high

Global food prices will fall from record peaks in the next few years, but the cost of feeding the family will still be far higher than in the past decade, an international study forecast on Thursday.
Published 30 May, 2008 12:00am
Ethnic group disrupts life in New Delhi

Ethnic group disrupts life in New Delhi

An ethnic group on Thursday tried to bring India's capital to a halt, blocking key highways and paralysing trains in a bitter and deadly campaign for more government aid, police said. The protests by the Gujjars, who are traditionally shepherds, are aimed
Published 30 May, 2008 12:00am
Nepal raises national flag over palace

Nepal raises national flag over palace

Nepali authorities raised the national flag at the palace of dethroned King Gyanendra on Thursday, hours after stone-throwing demonstrators clashed with police and tried to storm inside. More than 25 people were injured when police beat the crowd back wit
Published 30 May, 2008 12:00am
China aftershocks set for weeks, months even years

China aftershocks set for weeks, months even years

China's devastated Sichuan region can expect to be rocked by aftershocks for weeks and months, possibly years, but the power of the aftershocks, one destroyed some 420,000 houses, will gradually diminish, say seismologists.
Published 30 May, 2008 12:00am
Experts see big holes in cluster bomb ban

Experts see big holes in cluster bomb ban

An agreement banning cluster bombs has cheered human rights campaigners, but powerful military states are refusing to join it and experts say the treaty is riddled with holes that make it unworkable.
Published 30 May, 2008 12:00am
Naomi Campbell charged over plane incident

Naomi Campbell charged over plane incident

Supermodel Naomi Campbell has been charged with assaulting a police officer after a disturbance on a plane at Heathrow's new Terminal 5, British authorities said on Thursday. The 38-year-old faces a total of six charges relating to last month's incident o
Published 30 May, 2008 12:00am
Iraq asks creditors to cancel crippling debts

Iraq asks creditors to cancel crippling debts

Iraq pressed its creditors to cancel about $60 billion in debts at an international conference on Thursday, but two of its biggest lenders, Kuwait and Saudi Arabia, sent only junior representatives to hear the call.
Published 30 May, 2008 12:00am
Suicide bombers, militia kill 35 in Iraq

Suicide bombers, militia kill 35 in Iraq

A suicide bomber smashed a police base in northern Iraq and another blew up a patrol on Thursday, killing 20 people as a pro-government militia killed 15 suspected al Qaeda fighters, officials said. The surge in violence came as the US military announced
Published 30 May, 2008 12:00am
Germany vows support for Israel against Iran

Germany vows support for Israel against Iran

Germany's foreign minister pledged on Thursday to stand up for the security of Israel and urged a tough line against Iran's President Mahmoud Ahmadinejad, calling his denial of the Holocaust "unbearable".
Published 30 May, 2008 12:00am
Iran slams Iraq 'occupiers' at Stockholm

Iran slams Iraq 'occupiers' at Stockholm

Iran said on Thursday it was keen to play a major role in the reconstruction of Iraq, and lambasted the United States and its allies for "mistaken policies" in its neighbour. Iran's foreign minister, Manouchehr Mottaki, told an international conference on
Published 30 May, 2008 12:00am
Russia wins new greenhouse gas emissions rights

Russia wins new greenhouse gas emissions rights

Russia has won rights to emit or sell licences for extra greenhouse gases equivalent to France's total annual output, after revisions to Soviet-era data underpinning a UN climate pact, official documents show.
Published 30 May, 2008 12:00am
Sterling slips

Sterling slips

Sterling slipped against a broadly firmer dollar on Thursday after a record fall in UK house prices added to the view that the economy may continue to weaken.
Published 30 May, 2008 12:00am
Indian rupee eases

Indian rupee eases

The Indian rupee eased on Thursday after global crude prices inched up toward record highs, pushing up dollar demand from oil refiners to meet their month-end import commitments. The partially convertible rupee ended at 42.785/795 per dollar on Thursday o
Published 30 May, 2008 12:00am
Dollar rises versus majors in London

Dollar rises versus majors in London

The dollar rose against a basket of major currencies on Thursday after hawkish Federal Reserve comments prompted a jump in short-dated US bond yields, lifting demand for assets denominated in the US currency.
Published 30 May, 2008 12:00am
Thursday's afternoon trade: Wall Street rallies on lower oil

Thursday's afternoon trade: Wall Street rallies on lower oil

US stocks rallied on Thursday as a $4 drop in oil soothed inflation fears, while an upward revision in a broad measure of US economic growth suggested a recession may be avoided. MasterCard shares were among the top gainers after the credit and debit card
Published 30 May, 2008 12:00am
European credit spreads tighten

European credit spreads tighten

European credit spreads nudged tighter on Thursday, as thin headlines and sparse trading focused markets on marginal gains in European and US equities. By 1525 GMT, the Markit investment-grade iTraxx Europe index was at 78 basis points, according to Marki
Published 30 May, 2008 12:00am
European credit spreads tighten

European credit spreads tighten

European credit spreads nudged tighter on Thursday, as thin headlines and sparse trading focused markets on marginal gains in European and US equities. By 1525 GMT, the Markit investment-grade iTraxx Europe index was at 78 basis points, according to Marki
Published 30 May, 2008 12:00am
Britain's top share index flat

Britain's top share index flat

Britain's blue chip index ended unchanged on Thursday as near-record crude prices boosted commodity shares but economic and rights issue concerns dragged banks lower. During a thin trading session, the FTSE 100 ended down 1.5 points or 0.02 percent at 6,0
Published 30 May, 2008 12:00am
London cocoa rises, sugar slips

London cocoa rises, sugar slips

London cocoa futures hit a two-week high on Thursday on weaker sterling and fears over a cut in output in Ivory Coast, but worries about a glut in supply dragged down sugar to its lowest level in more than two months. "There's plenty of sugar everywhere,"
Published 30 May, 2008 12:00am
Base metals tumble

Base metals tumble

Industrial metals lead, zinc and tin fell sharply on Thursday, hit by waning demand and rising stockpiles in warehouses. Tin was the biggest loser, falling $2,600 or more than 10 percent to close at $21,100 per tonne, its lowest since April 15. Despite th
Published 30 May, 2008 12:00am
Oil falls $4, shrugs off US supply drop

Oil falls $4, shrugs off US supply drop

Oil prices dropped $4 on Thursday as concerns about global energy demand and strength in the dollar countered a government report showing the biggest decline in US stockpiles since 2004. US crude settled down $4.41 at $126.62 a barrel, while London Brent
Published 30 May, 2008 12:00am
New York cotton futures settle easier

New York cotton futures settle easier

Cotton futures ended easier on Thursday on investment fund sales inspired in part by weak commodity markets, but trade and consumer buying pared the losses in fibre contracts, brokers said.
Published 30 May, 2008 12:00am
US soya futures soar

US soya futures soar

US soybean futures on the Chicago Board of Trade surged on Wednesday in line with the rebound in crude oil and concerns about trade in one of the world's leading soy exporters after Argentine farmers resumed their strike, traders said.
Published 30 May, 2008 12:00am
Gold and platinum slip in London

Gold and platinum slip in London

Precious metals fell sharply on Thursday, as a rally in the dollar against major currencies dampened their appeal as an alternative investment. Declining oil prices also hit market sentiment, with gold falling more than 2 percent to a two-week low, platin
Published 30 May, 2008 12:00am
US MIDDAY: cocoa soars, coffee sags

US MIDDAY: cocoa soars, coffee sags

Arabica coffee futures on ICE Futures US dropped on producer selling Thursday, and cocoa rallied to its highest level since May 13 as funds continued their buying spree, triggering stop-loss buy orders as it advanced, traders said.
Published 30 May, 2008 12:00am
US MIDDAY: sugar falls

US MIDDAY: sugar falls

Raw sugar futures on ICE Futures US at 8:50 am. July contract was down 0.11 cent at 10 cents per lb. Range from 9.96 to 10.14 cents. July contract volume at 14,995 lots. Market slips from investor sales and soft tone of crude market - traders.
Published 30 May, 2008 12:00am
US MIDDAY: wheat dips

US MIDDAY: wheat dips

July wheat was down 11-1/2 cents at $7.47-1/2 per bushel.Seasonal pressure from the start of the US winter wheat harvest. Added pressure from spillover weakness in gold, plus dollar strength.
Published 30 May, 2008 12:00am
US MIDDAY: corn tumbles

US MIDDAY: corn tumbles

July corn was down 9-1/2 cents at $5.83 per bushel, new-crop December down 9-1/2 at $6.10.Lower on month-end positioning by funds and spillover weakness from soyabeans, crude oil and gold. Dollar strength adds pressure.
Published 30 May, 2008 12:00am
US MIDDAY: soyabeans plummet

US MIDDAY: soyabeans plummet

July soyabean futures were down 47-1/4 cents at $13.25-1/2 per bushel, new-crop November down 34-1/4 at $13.23. Profit-taking and fund positioning at month's end. Spillover weakness from crude oil and gold, plus dollar strength.
Published 30 May, 2008 12:00am
US MIDDAY: copper declines

US MIDDAY: copper declines

US copper futures fell more than 3 percent at the open on Thursday as further weakness in energy markets and a stronger dollar eroded the industrial metal's value further, traders said.
Published 30 May, 2008 12:00am
US MIDDAY: gold and platinum slide

US MIDDAY: gold and platinum slide

New York gold and platinum futures tumbled on Thursday, following closely the weakness in the energy market due to a speculative sell-off ahead of a key US inventory report. The June gold contract on Comex division of New York Mercantile Exchange down $19
Published 30 May, 2008 12:00am
'Pakistan largest contributor to UN peacekeeping missions'

'Pakistan largest contributor to UN peacekeeping missions'

"Pakistan has always provided maximum possible support to maintain peace and stability around the world and has been at the fore front in international peacekeeping missions around the Globe", said DG ISPR, Major General Athar Abbas while briefing Senate
Published 30 May, 2008 12:00am
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