News Archives for Print - 2009-08-14

Rice outlines new direction for US diplomacy

The United States said Wednesday it views the United Nations as essential to tackle global security threats and will exercise responsible leadership to ensure its interests and values converge.

Published 14 Aug, 2009 12:00am

Argentine general sentenced to life for rights abuses

The former general who ran a base that was the backdrop for multiple abuses during Argentina's 1976-83 dictatorship was sentenced to life in prison on Wednesday for human rights violations. Santiago Omar Riveros, 86, who commanded the Campo de Mayo barrac

Published 14 Aug, 2009 12:00am

Report says too many children being locked up

Too many children, some as young as 12, are being incarcerated every year despite the government saying custodial sentences should be a last resort, according to a report on Thursday. Charity Barnardo's said a study of cases from 2007/8 had found that a t

Published 14 Aug, 2009 12:00am

16-year-old Corsican kills sleeping parents, twin brothers

A 16-year-old Corsican youth killed his parents and 10-year-old twin brothers with a shotgun as they lay asleep, media reports on the French island said Thursday. They said the 16-year-old had told police after giving himself up that he remembered nothing

Published 14 Aug, 2009 12:00am

Pakistan ends legal battle on World Cup 2011

Pakistan has decided to end its legal battle against cricket's governing body over being stripped of its share of World Cup 2011 matches, an official said Thursday. The decision came after a meeting of the governing board of the Pakistan Cricket Board (PC

Published 14 Aug, 2009 12:00am

Serena, Clijsters advance

Second-seeded Serena Williams cruised into the third round of the two million-dollar WTA Tour event here Wednesday as Belgian Kim Clijsters kept her comeback on track with a straight sets victory. Reigning US Open, Australian Open and Wimbledon champion W

Published 14 Aug, 2009 12:00am

Troubled Romario sells up to help clear debts

Troubled Brazilian footballer Romario, once considered one of the world's top strikers, has been forced to sell his luxury penthouse apartment here in a bid to fight crippling debts. The 43-year-old Romario, who helped Brazil to World Cup victory in 1994,

Published 14 Aug, 2009 12:00am

Indian cricket board gives $5 million to kickstart soccer

The Indian cricket board has allotted 250 million rupees ($5.2 million) to the fund-starved national soccer federation for preparing the team for the 2011 Asian Cup in Qatar. The Board of Control for Cricket in India's (BCCI) decision-making working commi

Published 14 Aug, 2009 12:00am

Miandad made batting adviser

Pakistan appointed former captain and batting legend Javed Miandad as batting adviser to the national team following recent heavy defeats to Sri Lanka, an official said Thursday. The appointment of the 51-year-old came after Pakistan's humiliating 2-0 def

Published 14 Aug, 2009 12:00am

Honduras, Mexico wins open up CONCACAF race

Honduras and Mexico threw the CONCACAF World Cup qualifying competition wide open with home wins over Costa Rica and the United States on Wednesday. Honduras, helped by a Carlos Costly double, thrashed leaders Costa Rica 4-0 while Mexico came from behind

Published 14 Aug, 2009 12:00am

Nadal's knees pass brief test at Montreal

Rafael Nadal survived a battle of creaky knees against David Ferrer on Wednesday, the fellow Spaniard retiring hurt from their second round match at the Montreal Masters to gift the world number two a comeback win. Sidelined for more than two months with

Published 14 Aug, 2009 12:00am

Ajmal fined for mocking Sangakkara

Pakistan's Saeed Ajmal has been fined for gesturing at Sri Lankan captain Kumar Sangakkara during a Twenty20 match, the International Cricket Council (ICC) said on Thursday. The off-spinner pointed towards the pavilion and spoke aggressively to Sangakkara

Published 14 Aug, 2009 12:00am

English clubs mostly in frugal mood before new season

Ahead of the new Premier League season and amid Britain's deep recession, most top clubs in England are holding back from spending vast sums on new players without first offloading some of their own. Only Manchester City are proving the exception, freely

Published 14 Aug, 2009 12:00am

Swiss franc up

The Swiss franc gained against the dollar on Thursday after the US Federal Reserve kept rates near zero and said they would remain low for some time come. The franc gained 0.3 percent against the dollar compared to the New York close, trading at 1.0734 pe

Published 14 Aug, 2009 12:00am

Asian currencies gain

The South Korean won led a rebound in Asian currencies on Thursday as investors snapped up regional stocks after the US Federal Reserve painted a less gloomy picture for the world's largest economy. The Philippine peso and Thai baht gained against a broad

Published 14 Aug, 2009 12:00am

East African currencies seen mixed

East African currencies are seen in mixed trading in the week to Wednesday with the Kenya shilling expected to receive a boost by foreign investment chasing Treasury paper, dealers said.

Published 14 Aug, 2009 12:00am

Australian dollar hoisted higher

The Australian dollar bounced on Thursday as buoyant Asian stock markets offered support, with investors awaiting comments on local economic and interest rate outlooks from the chief of Australia's central bank on Friday. The Aussie rebounded two cents to

Published 14 Aug, 2009 12:00am

Hong Kong dollar holds steady

The Hong Kong dollar held steady against the US dollar on Thursday, with sentiment lifted by a rebound in the local stock market. The local currency traded in a tiny range of 7.7505-7.7508 against the US dollar on the day, recovering slightly from a five-

Published 14 Aug, 2009 12:00am

Dollar up

The dollar gained versus the yen and pared losses against the euro on Wednesday after the Federal Reserve said economic activity is "levelling out," suggesting the economy is through the worst of the recession. The Fed also said it would extend by one mon

Published 14 Aug, 2009 12:00am

Dollar inches lower

The dollar slipped on Thursday after the Federal Reserve painted a less gloomy outlook for the US economy but also said rates would remain low for a while, an assessment that led investors to return to commodity-linked currencies. The Fed said it would sl

Published 14 Aug, 2009 12:00am

Thai share prices up

The Thai stock market gained 1.97 percent Thursday to close at an 11-month high due to a rally in the energy and banking sectors, analysts said. The Stock Exchange of Thailand (SET) composite index jumped 12.66 points to close at 655.68 and the blue chip

Published 14 Aug, 2009 12:00am

Yuan ends up

The yuan ended up slightly against the dollar on Thursday after a top Chinese official said China's all-important export sector was over the worst. Commerce Minister Chen Deming said China can now start counting on a revival of exports to help growth.

Published 14 Aug, 2009 12:00am

Hong Kong shares rise; China stocks gain

Hong Kong shares rose 2.1 percent on Thursday, reclaiming some lost ground from the previous session, on the back of supportive comments from the US Federal Reserve and positive earnings momentum. Chinese stocks rose 0.9 percent in shrinking turnover on T

Published 14 Aug, 2009 12:00am

Seoul shares slip

Seoul shares slipped on Thursday after trading in positive territory for most of the session, with options expiry causing some volatility near the close but gains by techs like Samsung Electronics lending support. The Korea Composite Stock Price Index (KO

Published 14 Aug, 2009 12:00am

Treasuries decline

US Treasury debt prices fell on Wednesday as a Wall Street rally pared safe-haven demand for bonds and traders made room for a record $23 billion in 10-year government note supply to be auctioned in the afternoon. The Federal Open Market Committee, the US

Published 14 Aug, 2009 12:00am

Treasuries decline

US Treasury debt prices fell on Wednesday as a Wall Street rally pared safe-haven demand for bonds and traders made room for a record $23 billion in 10-year government note supply to be auctioned in the afternoon. The Federal Open Market Committee, the US

Published 14 Aug, 2009 12:00am

Malaysian shares firmer

Malaysian shares closed up 0.48 percent Thursday, tracking positive sentiment on Wall Street and regional markets, dealers said. The Kuala Lumpur Composite Index gained 5.65 points to 1,186.19. Gainers outnumbered losers 568 to 166. Better-than-expected c

Published 14 Aug, 2009 12:00am

Indonesian shares up

Indonesian shares ended 2.09 percent higher Thursday led by gains in most commodity-related stocks on the back of high oil prices and the firmer rupiah, dealers said. The Jakarta Composite Index gained 49.13 points to 2,396.49 in moderate trade. The gain

Published 14 Aug, 2009 12:00am

US stocks surge

US stocks powered higher on Wednesday as the Federal Reserve said it saw signs of a more stable economy. Stocks had been on track to close at their highest level in 10 months, led by technology and financials, but shares lost steam in the last half hour o

Published 14 Aug, 2009 12:00am

Nikkei average jumps

Japan's Nikkei average edged back towards a 10-month high on Thursday on relief after the Federal Reserve suggested the US economy is through the worst of the recession, with economy-sensitive exporters such as Advantest Corp leading it higher. Denso Corp

Published 14 Aug, 2009 12:00am

Taiwan stocks soar

Taiwan stocks closed 1.97 percent higher on Thursday, thier biggest daily percentage rise in six weeks, boosted by upbeat comments from the US Fed and MSCI adding Prime View International to its Taiwan index. The main TAIEX shares index finished up 136.06

Published 14 Aug, 2009 12:00am

Irish retail decline slows; offers ray of light

Irish retail sales fell 9.9 percent in June, the smallest drop this year, indicating a rare glimmer of hope for one of the worst performing economies in the industrialised world. Retailers are cutting prices to tempt nervous consumers through their doors,

Published 14 Aug, 2009 12:00am

Singapore shares edge higher

Singapore shares closed 1.67 percent higher on Thursday, buoyed by an overnight rally in US stocks after the Federal Reserve said the recession-hit US economy was stabilising. The blue chip Straits Times Index advanced 42.87 points to 2,614.18 on volume o

Published 14 Aug, 2009 12:00am

TUI dispels loan worries after weak second quarter

German travel group TUI AG's stock rose by over 13 percent on Thursday after it assured investors the loans given to its former shipping unit, Hapag-Lloyd, that hurt second-quarter results, would be repaid. TUI Chief Executive Rainer Feuerhake told analys

Published 14 Aug, 2009 12:00am

TUI dispels loan worries after weak second quarter

German travel group TUI AG's stock rose by over 13 percent on Thursday after it assured investors the loans given to its former shipping unit, Hapag-Lloyd, that hurt second-quarter results, would be repaid. TUI Chief Executive Rainer Feuerhake told analys

Published 14 Aug, 2009 12:00am

UK's Prudential outshines Aegon with dividend hike

Insurers Prudential and Aegon reported lower underlying earnings, weighed by lower investment income, but both signalled in different ways they were becoming more confident with their capital reserves. Prudential, Britain's biggest insurer, said Thursday

Published 14 Aug, 2009 12:00am

UK's Prudential outshines Aegon with dividend hike

Insurers Prudential and Aegon reported lower underlying earnings, weighed by lower investment income, but both signalled in different ways they were becoming more confident with their capital reserves. Prudential, Britain's biggest insurer, said Thursday

Published 14 Aug, 2009 12:00am

EU opens anti-dumping probe in Chinese steel cable exports

The EU has opened an anti-dumping probe into alleged unfair practices used by Chinese steel cable exporters, the official European Union journal announced Wednesday. The European Commission believes there is "sufficient prima facie evidence" that China is

Published 14 Aug, 2009 12:00am

USDA raises 2009, 2010 milk production estimates

The US Agriculture Department on Wednesday increased milk production forecasts for 2009 and 2010 as cow herd reductions occur at a slower-than-expected pace and output per animal is higher. The USDA boosted milk production this year to 188.2 billion lbs,

Published 14 Aug, 2009 12:00am

Eurozone growth may return soon: ECB economist

Economic growth may return sooner than expected to the 16 nations using the euro, European Central Bank chief economist Juergen Stark said in an interview published on Thursday. "There are indeed some signs of stabilisation of economic activity at the mom

Published 14 Aug, 2009 12:00am

Microsoft to appeal Word patent ruling

Microsoft said Wednesday it plans to appeal a ruling by a Texas judge that would ban the US software giant from selling its popular Word program in the United States. US District Court judge Leonard Davis ruled on Tuesday that Word violates an XML patent

Published 14 Aug, 2009 12:00am

LHC Chief Justice takes suo motu notice

Chief Justice Lahore High Court (LHC) Khawaja Muhammad Sharif has taken suo motu notice against sugar crisis in the province. Chief Justice Khawaja Sharif formed a division bench to proceed on the matter and issued notices to Attorney General of Pakistan

Published 14 Aug, 2009 12:00am

Ford boosting production to meet 'Cash for Clunkers' demand

Ford Motor Co said Thursday it was ramping up production by 18 percent in the third quarter to meet growing demand from the "Cash for Clunkers" trade-in incentives from the government. Ford said in a statement it is increasing North American production by

Published 14 Aug, 2009 12:00am

LHC Chief Justice takes suo motu notice

Chief Justice Lahore High Court (LHC) Khawaja Muhammad Sharif has taken suo motu notice against sugar crisis in the province. Chief Justice Khawaja Sharif formed a division bench to proceed on the matter and issued notices to Attorney General of Pakistan

Published 14 Aug, 2009 12:00am

Thomas Cook ditches 2010 operating profit goal

Thomas Cook compounded gloom among Europe's travel operators on Thursday by warning it would miss its 2010 operating profit goal as economic conditions continued to worsen, sending its shares down as much as 7 percent. The group, in which insolvent German

Published 14 Aug, 2009 12:00am

KSE decides to expel three suspended brokers

The management of Karachi Stock Exchange (KSE) has decided to expel three of the suspended members of the exchange, it is learnt. Sources said the three KSE members namely Eastern Capital Limited, ClikTrade Limited and Capital One Equities Limited failed

Published 14 Aug, 2009 12:00am

South Korea's jobless rate falls

South Korea's jobless rate fell for the first time in nine months in July, data showed on Wednesday, lifting hopes for a steady economic recovery and triggering a sell off in bond futures. But analysts stopped short of predicting an early rate rise by the

Published 14 Aug, 2009 12:00am

LHC Chief Justice takes suo motu notice

Chief Justice Lahore High Court (LHC) Khawaja Muhammad Sharif has taken suo motu notice against sugar crisis in the province. Chief Justice Khawaja Sharif formed a division bench to proceed on the matter and issued notices to Attorney General of Pakistan

Published 14 Aug, 2009 12:00am

SingTel says first quarter net profit up 7.7 percent

Singapore Telecommunications (SingTel) said Thursday its regional mobile partners drove up quarterly profits by 7.7 percent despite a tough business climate. For the three months ended June, net profit totalled 945 million Singapore dollars (652 million U

Published 14 Aug, 2009 12:00am

KSE decides to expel three suspended brokers

The management of Karachi Stock Exchange (KSE) has decided to expel three of the suspended members of the exchange, it is learnt. Sources said the three KSE members namely Eastern Capital Limited, ClikTrade Limited and Capital One Equities Limited failed

Published 14 Aug, 2009 12:00am

Thomas Cook ditches 2010 operating profit goal

Thomas Cook compounded gloom among Europe's travel operators on Thursday by warning it would miss its 2010 operating profit goal as economic conditions continued to worsen, sending its shares down as much as 7 percent. The group, in which insolvent German

Published 14 Aug, 2009 12:00am

KSE decides to expel three suspended brokers

The management of Karachi Stock Exchange (KSE) has decided to expel three of the suspended members of the exchange, it is learnt. Sources said the three KSE members namely Eastern Capital Limited, ClikTrade Limited and Capital One Equities Limited failed

Published 14 Aug, 2009 12:00am

SingTel says first quarter net profit up 7.7 percent

Singapore Telecommunications (SingTel) said Thursday its regional mobile partners drove up quarterly profits by 7.7 percent despite a tough business climate. For the three months ended June, net profit totalled 945 million Singapore dollars (652 million U

Published 14 Aug, 2009 12:00am

Asean, India sign free trade deal

India and the Association of Southeast Asian Nations (ASEAN) signed a free-trade agreement Thursday expected to raise annual trade to 60 billion dollars within seven years, officials said. "The signing today is a good sign of the extended trade between AS

Published 14 Aug, 2009 12:00am

Raiffeisen net drops on Ukraine, cost cuts help

Emerging Europe's No 2 lender Raiffeisen International stayed profitable in the second quarter as cost cuts helped offset a revenue decline and a sharp rise in bad debt, particularly in Ukraine. Net profit dropped 60 percent on the quarter, and 93 percent

Published 14 Aug, 2009 12:00am

Dogar inquires about health of Agha Rafiq

Former Chief Justice Abdul Hameed Dogar on Thursday visited Armed Forces Institute of Cardiology (AFIC) and inquired about the health of Chief Justice of Federal Shariat Court (FSC) Agha Mohammad Rafiq. Dogar prayed for early recovery of FSC Chief Justice

Published 14 Aug, 2009 12:00am

German solar firms hit by price war

Solar power equipment companies are still fighting a price war in a crowded industry, but results from German companies on Thursday showed the pain was less for those that are nearer to the end-users. Q-Cells, one of the world's largest maker of solar cel

Published 14 Aug, 2009 12:00am

Justice Shakoor of LHC resigns

Lahore High Court (LHC) judge, Justice Abdul Shakoor Paracha, on Thursday resigned apparently to avoid action by Supreme Judicial Council (SJC) on corruption charges. Justice Shakoor sent his resignation to President of Pakistan. He is the second judge of

Published 14 Aug, 2009 12:00am

Germany and France escape recession and pull up eurozone

Germany and France unexpectedly emerged from recession on Thursday while the 16-nation eurozone economy shrank by just 0.1 percent in the second quarter in new signs that a recovery is taking shape. A day after the Federal Reserve said the recession-hit U

Published 14 Aug, 2009 12:00am

Justice Shakoor of LHC resigns

Lahore High Court (LHC) judge, Justice Abdul Shakoor Paracha, on Thursday resigned apparently to avoid action by Supreme Judicial Council (SJC) on corruption charges. Justice Shakoor sent his resignation to President of Pakistan. He is the second judge of

Published 14 Aug, 2009 12:00am

Ireland's Greens pose threat to 'bad bank'

Members of the Green Party, Ireland's junior coalition partner, are calling for an internal debate on plans to create a "bad bank" in a potential threat to government efforts to clean up the country's financial system. Finance Minister Brian Lenihan will

Published 14 Aug, 2009 12:00am

KSE sees fresh inflow of $18.378 million

A fresh inflow of $18.378 million of foreign portfolio investment at the country's equity market was recorded during the outgoing week ended August 13, 2009. According to National Clearing Company of Pakistan Limited (NCCPL), the cumulative inflow of this

Published 14 Aug, 2009 12:00am

China and Taiwan oil giants tie-up in gas deal

Sinopec, China's second largest oil producer, and Taiwan's government-controlled energy giant CPC Corporation have agreed to jointly explore a gas block off northern Australia, state media said Thursday. This is the second time the companies have tied up

Published 14 Aug, 2009 12:00am

KSE sees fresh inflow of $18.378 million

A fresh inflow of $18.378 million of foreign portfolio investment at the country's equity market was recorded during the outgoing week ended August 13, 2009. According to National Clearing Company of Pakistan Limited (NCCPL), the cumulative inflow of this

Published 14 Aug, 2009 12:00am

Raiffeisen net drops on Ukraine, cost cuts help

Emerging Europe's No 2 lender Raiffeisen International stayed profitable in the second quarter as cost cuts helped offset a revenue decline and a sharp rise in bad debt, particularly in Ukraine. Net profit dropped 60 percent on the quarter, and 93 percent

Published 14 Aug, 2009 12:00am

Pakistan's foreign exchange reserves rise to $11.85 billion

The country's foreign exchange reserves rose by $130 million in the week that ended on August 8 to $11.85 billion from $11.72 billion the previous week, the central bank said on Thursday.

Published 14 Aug, 2009 12:00am

Third strike on main London rail route

Workers on one of the main lines into London began another two-day strike on Thursday in a long-running dispute over pay and conditions, bringing more disruption to thousands of passengers. Rail operator National Express East Anglia (NXEA) said it would r

Published 14 Aug, 2009 12:00am

KSE sees fresh inflow of $18.378 million

A fresh inflow of $18.378 million of foreign portfolio investment at the country''s equity market was recorded during the outgoing week ended August 13, 2009. According to National Clearing Company of Pakistan Limited (NCCPL), the cumulative inflow of thi

Published 14 Aug, 2009 12:00am

China 'regrets' WTO audio-visual ruling, may appeal

China, defending its controls on imported films and books, said on Thursday it may appeal a World Trade Organisation ruling against its restrictions, continuing its sparring with Washington over trade access. The Ministry of Commerce said China "felt regr

Published 14 Aug, 2009 12:00am

US panel says India fails to protect minorities

A US panel on religious freedoms has placed India on its watch list of countries where such freedoms are at risk, noting that there has been a ``disturbing increase' in violence against minorities in the South Asian country.

Published 14 Aug, 2009 12:00am

Turkmenistan to launch new Iran gas link in December

Turkmenistan, Central Asia's largest gas producer, will launch a new gas pipeline to Iran in December this year to diversify exports, Turkmen state media said on Thursday, following a row with its main partner Russia. Turkmenistan, which produces over 75

Published 14 Aug, 2009 12:00am

Pakistan''s foreign exchange reserves rise to $11.85 billion

The country''s foreign exchange reserves rose by $130 million in the week that ended on August 8 to $11.85 billion from $11.72 billion the previous week, the central bank said on Thursday.

Published 14 Aug, 2009 12:00am

US retail sales fall, new jobless claims up

Sales at US retailers unexpectedly fell in July and the number of workers filing new claims for jobless benefits rose last week, indicating the recession-hit economy faced a bumpy recovery. A Commerce Department report on Thursday showed total retail sale

Published 14 Aug, 2009 12:00am

Pakistan's foreign exchange reserves rise to $11.85 billion

The country's foreign exchange reserves rose by $130 million in the week that ended on August 8 to $11.85 billion from $11.72 billion the previous week, the central bank said on Thursday.

Published 14 Aug, 2009 12:00am

Bankruptcy filings up 35 percent in past year

US bankruptcy filings rose 35 percent over the 12 months ending June 30 as the recession took a steep toll on households and businesses, the office that oversees US courts said on Thursday. Some 1.3 million bankruptcy cases were filed in US courts between

Published 14 Aug, 2009 12:00am

US panel says India fails to protect minorities

A US panel on religious freedoms has placed India on its watch list of countries where such freedoms are at risk, noting that there has been a ``disturbing increase'' in violence against minorities in the South Asian country.

Published 14 Aug, 2009 12:00am

Spain's inflation at record low in July

Spanish consumer prices fell in July at the steepest rate since records began in 1962 but were expected to have hit bottom as oil and food prices recovered. Consumer prices were down 1.4 percent year-on-year in July, final National Statistics Institute da

Published 14 Aug, 2009 12:00am

SECP finalises concept paper on margin financing

The Securities and Exchange Commission of Pakistan (SECP), after taking into consideration the views and suggestions of a wide range of stakeholders, finalised the concept paper on margin financing.

Published 14 Aug, 2009 12:00am

Swiss figures show first negative investment income since 1947

Statistics released Thursday by the Swiss National Bank showed the effects of the financial crisis on the economy, with the current account surplus dropping to just 2 per cent and a negative investment income for the first time since 1947.The troubling fi

Published 14 Aug, 2009 12:00am

SECP finalises concept paper on margin financing

The Securities and Exchange Commission of Pakistan (SECP), after taking into consideration the views and suggestions of a wide range of stakeholders, finalised the concept paper on margin financing.

Published 14 Aug, 2009 12:00am

US gold firmer

US gold futures ended higher Wednesday on an oil rally and the dollar's weakness, ahead of the monetary policy statement to be released by the Federal Reserve, which could set the tone for the metal in the near term. December gold settled up $4.90 at $952

Published 14 Aug, 2009 12:00am

'US satisfied with Pakistan's nuclear safety steps'

US Defence Secretary Robert Gates on Thursday voiced confidence in Pakistan's security measures for its nuclear assets and reaffirmed the United State's commitment to be a dependable long-term ally of the key regional country. "The only thing I would say

Published 14 Aug, 2009 12:00am

Gold rises around $950 in Asia

Gold rose to trade above $950 on Thursday, after the Federal Reserve said it would keep interest rates near zero, while a decline in the dollar provided an additional boost. The US central bank also made its clearest statement to date on Wednesday that it

Published 14 Aug, 2009 12:00am

'US satisfied with Pakistan's nuclear safety steps'

US Defence Secretary Robert Gates on Thursday voiced confidence in Pakistan's security measures for its nuclear assets and reaffirmed the United State's commitment to be a dependable long-term ally of the key regional country. "The only thing I would say

Published 14 Aug, 2009 12:00am

Oil near $71 in Asia

Oil rose towards $71 a barrel on Thursday as a surprising return to economic growth in France and Germany fed optimism the world was through the worst of the recession, offseting bearish US inventory data. Gross domestic product (GDP) in the euro zone's t

Published 14 Aug, 2009 12:00am

14 Taliban killed in gunship, artillery raids

Security forces pounded militant hideouts in the Kurram and Orakzai districts on Thursday, killing at least 14 militants, officials said.Army helicopter gunships struck several positions held by Islamist militants in the Kurram and Orakzai districts, whic

Published 14 Aug, 2009 12:00am

Malaysian palm oil futures rebound

Malaysian palm oil futures rebounded more than 2 percent on Thursday as investors covered short positions on expectations of lower production this month and a recovery in crude oil, traders said. "People are talking about an economic recovery as crude oil

Published 14 Aug, 2009 12:00am

14 Taliban killed in gunship, artillery raids

Security forces pounded militant hideouts in the Kurram and Orakzai districts on Thursday, killing at least 14 militants, officials said.Army helicopter gunships struck several positions held by Islamist militants in the Kurram and Orakzai districts, whic

Published 14 Aug, 2009 12:00am

US soyabean ends mixed

US soyabean futures on the Chicago Board of Trade ended mixed on Wednesday despite supportive USDA crop data, with the old-crop months pressured by profit-taking after hitting a one-month high overnight. The day featured unwinding of soyabean-corn spreads

Published 14 Aug, 2009 12:00am

Crackdown warnings lead to decline in price

The government's announcement to crack down on sugar hoarders led to decline in price of the commodity in wholesale market to Rs 4950 per 100 kg sack from Rs 5250, retailers said on Thursday. They expect a decline in the sugar's retail price by Rs 2 per k

Published 14 Aug, 2009 12:00am

New York sugar futures soar

Raw sugar futures settled Wednesday at a fresh 28-year peak on all-around buying sparked by the prospect of large imports by No 1 world consumer India, brokers said. The key October raw sugar contract shot up 1.05 cents, up 4.8 percent on the day, to fini

Published 14 Aug, 2009 12:00am

Crackdown warnings lead to decline in price

The government's announcement to crack down on sugar hoarders led to decline in price of the commodity in wholesale market to Rs 4950 per 100 kg sack from Rs 5250, retailers said on Thursday. They expect a decline in the sugar's retail price by Rs 2 per k

Published 14 Aug, 2009 12:00am

US rice falls

US rice futures on the Chicago Board of Trade fell to a three-week low on Wednesday, hit by technically sales that began during the overnight session, traders said. Rice dived despite amid a bearish 2009/10 US rice ending stocks estimate and a supportive

Published 14 Aug, 2009 12:00am

TCP not to sell sugar in open market: bids invited for import of 75,000 tons of commodity

Inviting bids for the import of 75,000 tons of refined sugar, Trading Corporation of Pakistan (TCP) has decided not to sell the commodity in the open market following the Economic Co-ordination Committee decision, sources said. TCP has already sold some 1

Published 14 Aug, 2009 12:00am

Tokyo rubber rallies

Key Tokyo rubber futures rallied more than 4 percent to touch a 10-month high above 209 yen on Thursday, boosted by fund buying, while steady demand from tyre makers in the physical market was supportive. The key Tokyo Commodity Exchange rubber contract f

Published 14 Aug, 2009 12:00am

TCP not to sell sugar in open market: bids invited for import of 75,000 tons of commodity

Inviting bids for the import of 75,000 tons of refined sugar, Trading Corporation of Pakistan (TCP) has decided not to sell the commodity in the open market following the Economic Co-ordination Committee decision, sources said. TCP has already sold some 1

Published 14 Aug, 2009 12:00am

Shanghai copper prices surge

Copper prices in Shanghai and London surged to 10-1/2-month highs on Thursday, fuelled by comments from the US Federal Reserve that the world's largest economy was levelling out and positive European economic data. Amid the broad rally, the three-month ni

Published 14 Aug, 2009 12:00am

TCP not to sell sugar in open market: bids invited for import of 75,000 tons of commodity

Inviting bids for the import of 75,000 tons of refined sugar, Trading Corporation of Pakistan (TCP) has decided not to sell the commodity in the open market following the Economic Co-ordination Committee decision, sources said. TCP has already sold some 1

Published 14 Aug, 2009 12:00am

Malaysian tin gains

Malaysian tin rose 1.4 percent on Thursday, boosted by higher London Metal Exchange prices and strong demand from Japan and Europe, one dealer said.

Published 14 Aug, 2009 12:00am

SECP finalises concept paper on margin financing

The Securities and Exchange Commission of Pakistan (SECP), after taking into consideration the views and suggestions of a wide range of stakeholders, finalised the concept paper on margin financing.

Published 14 Aug, 2009 12:00am

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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