News Archives for Print - 2010-07-11

Member to Member

The following transactions member to member subsequently reported on Saturday (July 10, 2010).

Published 11 Jul, 2010 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (July 10, 2010).

Published 11 Jul, 2010 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 11 Jul, 2010 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 11 Jul, 2010 12:00am

Bangladesh to import 50,000 tonnes of sugar

Bangladesh will import 50,000 tonnes of sugar before mid-September to meet swelling demand during the Muslim fasting month of Ramazan and keep prices of the sweetener stable, chairman of the state-owned Bangladesh Sugar and Food Industries Corporation sai

Published 11 Jul, 2010 12:00am

US wheat futures end two percent lower, corn also drops

US wheat futures ended nearly 2 percent lower snapping a six-session rally on Friday, on bigger-than-expected government production estimates. Traders noted profit-taking and hedge pressure ahead of the weekend. Corn futures traded mixed Friday but ended

Published 11 Jul, 2010 12:00am

European chocolatiers shower praise on Peru cocoa

European buyers say cocoa producers in Peru could successfully follow in the footsteps of the country's coffee growers, who have turned the Andean country into the world's largest exporter of organic coffee beans. It is already the world's second-largest

Published 11 Jul, 2010 12:00am

Thailand seeks to buy sugar for first time

Thailand, the world's No 2 sugar exporter, will tender to buy sugar for the first time next week in a bid to tackle a domestic shortage. The tender on Tuesday will be for the purchase of 100,000 tonnes of white sugar with options of three delivery periods

Published 11 Jul, 2010 12:00am

Canadian canola futures mixed

ICE Canadian canola futures ended mixed on Friday as support from higher US soya futures and ongoing canola crop concerns balanced pressure from the rising Canadian dollar, traders said. Benchmark November ended unchanged at $434.70 a tonne; volume 9,023.

Published 11 Jul, 2010 12:00am

US soyabean higher at Gulf of Mexico

US soyabean export premiums at the Gulf of Mexico were steady to higher on Friday, with nearby values supported by good demand and tight supplies, traders said. Widespread talk that China has purchased at least one cargo of US soyabeans from the Gulf for

Published 11 Jul, 2010 12:00am

Karachi Port activities

The Karachi Port handled 142,832 tonnes of cargo including 106,710 tonnes of import cargo; 36,122 tonnes of export cargo and 2,526 loaded and empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 106,710 tonnes c

Published 11 Jul, 2010 12:00am

US Midwest soya bids firm, corn steady

Soyabean spot basis bids firmed at US Midwest river terminals on Friday, while soya and corn bids held mostly steady at interior points amid scattered farmer selling of both crops, grain merchants said. Farmers sold more soyabeans than corn as futures for

Published 11 Jul, 2010 12:00am

Rising phutti arrivals pull down prices sharply on cotton market

Increase in phutti arrivals pushed the prices down sharply on the cotton market on Saturday in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was down by Rs 350 to Rs 7,000, they said. In the ready business, abou

Published 11 Jul, 2010 12:00am

Holiday at grain market

Commodities and oilseeds rates were not issued on Saturday, according to the merchants' group press release, markets were closed on account of Shab-e-Meraj holiday.

Published 11 Jul, 2010 12:00am

Pineapple prices higher on Jodia Bazar

The trading in pineapple closed higher on Jodia Bazar here on Saturday. The following change was noted.

Published 11 Jul, 2010 12:00am

BP to place new containment cap on oil spill

Energy giant BP was expected Saturday to try and place a better cap over its gushing well in the Gulf of Mexico to stop the devastating oil flow. Admiral Thad Allen, who oversees the government's spill response, said late Friday he had approved the plan t

Published 11 Jul, 2010 12:00am

Cost cuts help Hollandi outshine Saudi lenders in second quarter

Saudi Hollandi Bank had the best second quarter among three local lenders that announced quarterly earnings on Saturday after it cut costs by more than half to offset a decline in lending income. The bank, part owned by a Royal Bank of Scotland-led consor

Published 11 Jul, 2010 12:00am

Economists see US recovery weakening

The US economy will lose steam as the year progresses but will not slide back into recession, even though unemployment is unlikely to fall significantly, according to a survey released on Saturday. The Blue Chip Economic Indicators survey of private forec

Published 11 Jul, 2010 12:00am

Obama urges boosting clean energy tax credit

President Barack Obama urged the US Congress on Friday to pass a $5 billion expansion of tax credits for clean energy manufacturing that he said would generate tens of thousands of new jobs. With anxiety over high unemployment threatening Obama's Democrat

Published 11 Jul, 2010 12:00am

Obama urges boosting clean energy tax credit

President Barack Obama urged the US Congress on Friday to pass a $5 billion expansion of tax credits for clean energy manufacturing that he said would generate tens of thousands of new jobs. With anxiety over high unemployment threatening Obama's Democrat

Published 11 Jul, 2010 12:00am

Johnson & Johnson sued over paediatric drug recall

Johnson & Johnson, the US drugmaker forced to recall children's Tylenol and other over-the-counter paediatric medicines, has been sued in federal court here by consumers unhappy with the company's plan to offer coupons or replacement products to those who

Published 11 Jul, 2010 12:00am

Japan, Russia agree to build gas plant

Japan and Russia have agreed to jointly build a liquefied natural gas plant in Vladivostok, with five million tonnes of output to be shipped to Japan annually, a newspaper said Saturday. An official accord will be signed in November when Russian President

Published 11 Jul, 2010 12:00am

Tesla formalises Toyota deal, to deliver two cars

Electric carmaker Tesla Motors Inc said on Friday it signed a memorandum of understanding with Japanese automaker Toyota Motor Corp to deliver two electric vehicles to the world's largest automaker by the end of month. "Since our announcement in May, Toyo

Published 11 Jul, 2010 12:00am

Egypt inflation rises in June

Egypt's annual urban inflation rate edged up to 10.7 percent in June, a moderate rise that analysts do not expect will prompt the bank to raise interest rates this month. Seven analysts cited forecasts for urban inflation - the most closely watched indica

Published 11 Jul, 2010 12:00am

Germany slashes size of company rescue fund

Germany has reduced the size of its rescue fund for struggling companies to 60 billion euros from 115 billion euros because the economic crisis has proven less damaging than anticipated, a magazine reported on Saturday. Weekly Der Spiegel said the 60 bill

Published 11 Jul, 2010 12:00am

Saudi inflation hits year high of 5.5 percent

The Saudi government says the annual inflation rate has reached a high of 5.5 percent in June, the highest in a year. The kingdom's statistical and information authority said Saturday that the high inflation rate reflected the overall rise in housing and

Published 11 Jul, 2010 12:00am

Taiwan turns to China in plight to boost top brands

Taiwan's top brands, worth more than $50 billion in combined annual sales, are turning to China to boost their name recognition as traditional low-profile contract work struggles in overseas markets. Consumers in China, already Taiwan's top export destina

Published 11 Jul, 2010 12:00am

China shrugs off global fears with export strength

China's trade surplus in June topped expectations on surprising strength in exports that suggests the global economic recovery has remained on track despite worries about a fresh slowdown. Many analysts believe the export momentum will soon wane, but for

Published 11 Jul, 2010 12:00am

Chinese bill, bond yields fall

Chinese bill and bond yields fell on Friday after the central bank said it would continue implementing an appropriately loose monetary stance in the second half of this year. Traders think the People's Bank of China (PBOC) will continue to avoid raising b

Published 11 Jul, 2010 12:00am

Chinese bill, bond yields fall

Chinese bill and bond yields fell on Friday after the central bank said it would continue implementing an appropriately loose monetary stance in the second half of this year. Traders think the People's Bank of China (PBOC) will continue to avoid raising b

Published 11 Jul, 2010 12:00am

IPO VIEW: Oxford may fall short of dividend promise

Oxford Resource Partners LP's strongest selling point is the coal miner's generous dividend, but the payout may not be as rich as promised and little of the money raised in its initial public offering will go to grow its operations. Oxford, which excavate

Published 11 Jul, 2010 12:00am

Turkish bonds weaken ahead of new benchmark issue

Turkish bonds weakened on Friday ahead of next week's auction of a new benchmark paper, after hovering around six-month highs this week on expectations that interest rates would stay on hold. The yield on the January 25, 2012, benchmark bond edged higher

Published 11 Jul, 2010 12:00am

Turkish bonds weaken ahead of new benchmark issue

Turkish bonds weakened on Friday ahead of next week's auction of a new benchmark paper, after hovering around six-month highs this week on expectations that interest rates would stay on hold. The yield on the January 25, 2012, benchmark bond edged higher

Published 11 Jul, 2010 12:00am

Toronto stocks remain higher

Toronto's main stock index rose more than 1 percent on Friday, rallying for a fourth straight session as stunning jobs data lifted investor confidence, while firm resource prices helped materials lead the gains. Materials were up 2.3 percent, rebounding f

Published 11 Jul, 2010 12:00am

Stock leaders on bumpy economic road, no double-dip

Mid- and small-capitalisation stocks often serve as a leading indicator for the direction of the US economy. So what does it say that they are down roughly 15 to 20 percent? As the US economy throws up dismal economic data, putting the ominous possibility

Published 11 Jul, 2010 12:00am

South Korea longer-dated bonds shine

Longer-tenor South Korean treasury prices reversed early falls to close up on Friday, with the central bank's rate increase viewed as clearing market uncertainties. The Bank of Korea raised interest rates for the first time since the outbreak of the finan

Published 11 Jul, 2010 12:00am

South Korea longer-dated bonds shine

Longer-tenor South Korean treasury prices reversed early falls to close up on Friday, with the central bank's rate increase viewed as clearing market uncertainties. The Bank of Korea raised interest rates for the first time since the outbreak of the finan

Published 11 Jul, 2010 12:00am

Treasuries tumble

US government debt prices fell on Friday, boosting long-dated yields to an almost two-week high, as a fourth straight day of stock gains and greater optimism about the economy cut the bid for safe-haven debt. Prices also fell as investors prepared for $69

Published 11 Jul, 2010 12:00am

Treasuries tumble

US government debt prices fell on Friday, boosting long-dated yields to an almost two-week high, as a fourth straight day of stock gains and greater optimism about the economy cut the bid for safe-haven debt. Prices also fell as investors prepared for $69

Published 11 Jul, 2010 12:00am

Emerging bond sales resume after two-month lull

Emerging bond sales picked up significantly in the past week after a two-month lull, with sovereigns raising almost $4 billion on global markets after zero issuance in June and more is expected in coming days. Commerbank debt strategist Dmitry Sentchoukov

Published 11 Jul, 2010 12:00am

Emerging bond sales resume after two-month lull

Emerging bond sales picked up significantly in the past week after a two-month lull, with sovereigns raising almost $4 billion on global markets after zero issuance in June and more is expected in coming days. Commerbank debt strategist Dmitry Sentchoukov

Published 11 Jul, 2010 12:00am

Indian one-year OIS hits 20-month high, bond yields end up

India's 1-year Overnight Indexed Swap (OIS) rate touched a near 20-month high on Friday as cash levels did not improve as expected and worries over high inflation weighed. Bond yields, which were up since early trade due to concerns on the results of the

Published 11 Jul, 2010 12:00am

Indian one-year OIS hits 20-month high, bond yields end up

India's 1-year Overnight Indexed Swap (OIS) rate touched a near 20-month high on Friday as cash levels did not improve as expected and worries over high inflation weighed. Bond yields, which were up since early trade due to concerns on the results of the

Published 11 Jul, 2010 12:00am

US corporate bond spreads tighten

US corporate bond spreads tightened on Friday, pushing the market to its best weekly performance in at least three weeks after gains in stocks and encouraging economic data improved investor sentiment. The cost of protecting US corporate debt with credit

Published 11 Jul, 2010 12:00am

US corporate bond spreads tighten

US corporate bond spreads tightened on Friday, pushing the market to its best weekly performance in at least three weeks after gains in stocks and encouraging economic data improved investor sentiment. The cost of protecting US corporate debt with credit

Published 11 Jul, 2010 12:00am

Wall Street marks best week in a year

Wall Street closed out its best week in a year on Friday, snapping back from a long stretch of selling, as investors looked ahead to what many expect will be a solid earnings season. Stocks ended near the day's highs, but trading was thin. Just 6.197 bill

Published 11 Jul, 2010 12:00am

Forex outlook: more euro gains seen; Chinese, US data in focus

The euro's rebound could continue into next week as fears about Europe's bank and debt woes ease, and as technical momentum stays positive after the currency climbed to a two-month high against the US dollar. Greater clarity on the European bank stress te

Published 11 Jul, 2010 12:00am

East African currencies seen weaker next week

Ghana's cedi and Nigeria's naira are both expected to weaken next week due strong demand for dollars from local firms. East Africa's shillings are seen flat, while Zambia's kwacha should strengthen, traders say.

Published 11 Jul, 2010 12:00am

Euro rally stalls on technical factors

A rally that pushed the euro to its highest level in more than two months stalled on Friday and the currency slipped on technical factors, with some investors betting the recent move was too far, too fast. The euro touched $1.2723 earlier in the session o

Published 11 Jul, 2010 12:00am

IMM currency speculators trim dollar bets

Currency speculators trimmed bets in favour of the dollar for a fourth week, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net long position was cut by more than half to about $3.82 billion in the week ende

Published 11 Jul, 2010 12:00am

Yen to ease gradually as risk aversion subsides

The Japanese yen is seen weakening against the dollar over the next twelve months, but at a slower pace than was expected in the last Reuters poll, as the European debt crisis keeps investors away from risky assets. The monthly survey of 61 strategists, t

Published 11 Jul, 2010 12:00am

India says committed to WTO talks, logjam must end

India remains committed to the long-delayed Doha round of global trade talks and does not believe that bilateral and regional trade deals will affect the multilateral process, its trade minister said. Anand Sharma told Reuters in an interview in Singapore

Published 11 Jul, 2010 12:00am

Greek industrial production suffers new fall

Greek industrial production fell by 4.9 percent in May against the same month last year, after already falling 5.1 percent in April, the national ESA statistics authority said Friday. Manufacturing was down 4.4 percent from last year, after a 3.9 percent

Published 11 Jul, 2010 12:00am

Aeroflot picks Boeing, Airbus; Putin demurs

Russian flagship airline Aeroflot expects to acquire 22 Boeing Dreamliners and 22 Airbus A350s by 2016 as it expands its fleet, CEO Vitaly Savelyev told Prime Minister Vladimir Putin. "We expect to receive 22 Dreamliners, that is the Boeing-787s, by 2016,

Published 11 Jul, 2010 12:00am

Jordan's inflation rate rises

Jordan's inflation rate rose to 5.3 percent year-on-year in June from 5.2 percent in May, according to figures released by the Department of Statistics on Saturday. Compared with a month earlier, the June consumer price index (CPI) was up 0.3 percent due

Published 11 Jul, 2010 12:00am

Alcoa-Saudi joint venture raises $4.5 billion funds for mega plant

Alcoa's joint-venture with Saudi Arabian Mining Co (Maaden) has raised $4.5 billion in debt for their giant aluminium project, three bankers close to the deal said on Saturday. Pricing for the combined conventional and Islamic debt ranges from 165 to 275

Published 11 Jul, 2010 12:00am

Bangladesh seeks funds for boosting refinery

State-owned Bangladesh Petroleum Corporation (BPC) is seeking funds for a $900 million project to boost its refinery, officials said on Saturday. The project will increase production capacity at the country's lone refinery by 200 percent to 4.5 million to

Published 11 Jul, 2010 12:00am

Albania says eurobond off table for 2010

Albania has scrapped plans to issue a eurobond in 2010, and will also not turn to the IMF at present even though it seeks more euro investment, the prime minister said on Friday. "In this such terrible situation as it is, we withdrew from the eurobonds,"

Published 11 Jul, 2010 12:00am

Albania says eurobond off table for 2010

Albania has scrapped plans to issue a eurobond in 2010, and will also not turn to the IMF at present even though it seeks more euro investment, the prime minister said on Friday. "In this such terrible situation as it is, we withdrew from the eurobonds,"

Published 11 Jul, 2010 12:00am

Seychelles central bank concerned by lending rates

Excessively high lending rates from commercial banks in Seychelles are curbing investment projects on the Indian Ocean archipelago, the central bank's chief said on Wednesday. In a telephone interview from the capital, Victoria, Governor Pierre Laporte sa

Published 11 Jul, 2010 12:00am

Indonesia central bank sees no need to change rates this year

Indonesia's central bank reiterated on Friday that it sees no need to change interest rates in 2010 because inflation would be within its target band of 4 percent to 6 percent this year and next. The remarks came after South Korea's central bank increased

Published 11 Jul, 2010 12:00am

Lack of rail wagons hits east India coal supply

A lack of railway coaches in east India's Orissa state has led to a reduced supply of imported coal for power and steel companies including plants of state-run NTPC, an official in a large trading firm said on Friday. A stock of about 2 million tonnes of

Published 11 Jul, 2010 12:00am

Berlin mulls haircut plan for insolvent EMU states

The German government has drafted a provisional plan that would force creditors to accept a discount on sovereign debt issued by insolvent eurozone member states, a magazine reported on Saturday. The plan to perform "haircuts" on government debt is part o

Published 11 Jul, 2010 12:00am

Benn banned for barging into Proteas dressing-room

West Indies spin bowler Sulieman Benn on Saturday received a one-Test ban for having barged into the South African dressing-room during last month's third Test between the two countries. The spinner pleaded guilty to behaviour "contrary to the spirit of t

Published 11 Jul, 2010 12:00am

Waqar sees opportunity in 'learning tour'

Pakistan Coach, Waqar Younis deems that his young Pakistan side will learn a lot from the challenge of their Test series against Australia and England over the next two months. Pakistan meet Australia in the first of two Tests at Lord's, starting on Tuesd

Published 11 Jul, 2010 12:00am

Pakistan on brink of Davis Cup tie

Pakistan led New Zealand 2-1 in their Asia/Oceania Group II Davis Cup semi-final Saturday after Aisam-ul-Haq Qureshi backed up from a marathon singles win to partner Aqeel Khan to doubles success. The 7-6 (8/6), 6-3, 6-2 doubles victory over Marcus Daniel

Published 11 Jul, 2010 12:00am

Bangladesh stun England

Bangladesh beat England by five runs in a stunning upset to win the second one-day international at Nevil Road here on Saturday and so level the three-match series at 1-1. Victory ended a run of 24 successive defeats in all international formats for Bangl

Published 11 Jul, 2010 12:00am

British tabloid journalist freed in World Cup case

British tabloid journalist Simon Wright had World Cup-related charges dropped on Saturday after paying an admission of guilt fine ahead of his trial, a South African court ruled. Sunday Mirror reporter Wright was arrested and charged with helping Pavlos J

Published 11 Jul, 2010 12:00am

Holders Spain knocked out of the Davis Cup

Defending champions Spain were knocked out of the Davis Cup by France in the quarter-finals here on Saturday. France sealed their place in the semi-finals after doubles pairing Michael Llodra and Julien Benneteau beat Fernando Verdasco and Feliciano Lopez

Published 11 Jul, 2010 12:00am

Spain team hit new heights, shirt goes into space

A Spanish national team shirt was attached to a balloon and launched 33 kilometres up into the atmosphere to celebrate their first qualification for a World Cup final. The Spanish company Zero 2 Infinity were moved to celebrate Wednesday's 1-0 semi-final

Published 11 Jul, 2010 12:00am

Platini given all clear and released from hospital

French football legend and UEFA President Michel Platini was released from hospital on Saturday morning after being rushed there on Friday evening having complained of feeling unwell, FIFA and UEFA announced in a statement. The 55-year-old, president of U

Published 11 Jul, 2010 12:00am

Referees got it 96 percent right: FIFA study

Referees were right 96 percent of the time at the World Cup, according to a study by FIFA's referees' committee. The study looked at key decisions such as free kicks, penalties and goal decisions but did not examine minor rulings such as throw-ins.

Published 11 Jul, 2010 12:00am

'I've become a football fanatic' at World Cup: Shakira

Colombian superstar Shakira said Saturday that following the World Cup in South Africa has made her "a football fanatic." "I really never in my life imagined that I would go straight to the sports section in the newspaper," she told journalists ahead of S

Published 11 Jul, 2010 12:00am

Test of technique in final for the purists

The big-name players have fallen by the wayside, leaving the Netherlands and Spain, tactically, technically and temperamentally the teams of the tournament, to face off in a World Cup final that should be one for the soccer cognoscenti. It is entirely fit

Published 11 Jul, 2010 12:00am

British gunman kills himself in standoff

A gunman wanted for three shootings killed himself early on Saturday during a standoff with marksmen and negotiators in rural north-east England. Raoul Moat, a 37-year-old former bodybuilder and nightclub bouncer who bore a grudge against police, was surr

Published 11 Jul, 2010 12:00am

Abbas wants progress for move to direct Middle East talks

Palestinian President Mahmoud Abbas said on Saturday he wanted progress in indirect peace talks with Israel before any move to face-to-face talks, which the United States wants the two sides to begin. US President Barack Obama urged the two sides this wee

Published 11 Jul, 2010 12:00am

North Korea shrugs off ship, calls for nuclear talks

North Korea said on Saturday it was willing to return to nuclear disarmament talks and signalled satisfaction that a UN Security Council statement did not directly blame it for the sinking of a South Korean warship.

Published 11 Jul, 2010 12:00am

CIA readying to debrief Western agents

CIA officials were expected to whisk agents freed by Moscow to a safe house for a long debriefing, an former top security aide said Friday, adding they could provide valuable information to the spy agency. "They will be taken to a safe facility... by inte

Published 11 Jul, 2010 12:00am

Israel foils Libyan bid to break Gaza blockade

Intense diplomatic efforts have likely prevented a Libyan aid ship from trying to breach Israel's blockade of the Gaza Strip, the foreign ministry said on Saturday. Israel's foreign minister held talks with his counterparts in Greece, where the boat is cu

Published 11 Jul, 2010 12:00am

Turkish jets bomb targets in north Iraq

Turkish warplanes on Saturday bombed sites in northern Iraq, wounding one civilian and damaging property, Iraqi officials said. A man was wounded in the remote village of Sidakan in Arbil province located near the borders with Turkey and Iran, Mayor Ahmed

Published 11 Jul, 2010 12:00am

Kosovo rules out land swap with Serbia: Prime Minister

Kosovo will not consider any land swap with Serbia along ethnic lines to ease tensions in the region as such a move could have wider negative consequences, its prime minister said on Saturday. "It is a very bad idea," Hashim Thaci told Reuters on the side

Published 11 Jul, 2010 12:00am

Australia stands by Afghan war

Australia's new leader Julia Gillard voiced her commitment to the Afghan war Saturday after the country lost its 17th soldier in the conflict, just weeks before she is expected to call elections. The 23-year-old was killed and another soldier was wounded

Published 11 Jul, 2010 12:00am

Karzai resists US plan to help villagers

Top US military commander in Afghanistan General David Petraeus has met sharp resistance from President Hamid Karzai to a US plan to assist Afghan villagers in fighting the Taliban on their own, The Washington Post reported Saturday.

Published 11 Jul, 2010 12:00am

Ukraine's Yanukovich fails in move to strengthen powers

Allies of Ukrainian President Viktor Yanukovich failed on Saturday in a first attempt to push through changes to the constitution that could significantly boost his political powers in the ex-Soviet republic. Parliament launched a debate on Friday on a p

Published 11 Jul, 2010 12:00am

Saudi Arabia probes oil smuggling operation

Saudi Arabia is investigating a smuggling operation that illegally exported discount-priced oil to Europe for more than 11 years, the Saudi newspaper Okaz reported on Saturday. Unnamed companies had bought discounted oil under the guise of using it to pro

Published 11 Jul, 2010 12:00am

Sri Lankan president ends minister's anti-UN fast

Sri Lankan President Mahinda Rajapaksa on Saturday ordered a cabinet minister to end a hunger strike against a UN war crimes panel, part of a five-day protest that hurt ties with the world body and the West. The president arrived outside the UN compound i

Published 11 Jul, 2010 12:00am

India's foreign secretary meets Dalai Lama

India's foreign secretary Nirupama Rao met exiled Tibetan spiritual leader, the Dalai Lama, in this northern Indian hill station for talks on Saturday, officials said. Rao "called on His Holiness the Dalai Lama and the two discussed issues of common inter

Published 11 Jul, 2010 12:00am

Canada pulls top soldier in Haiti; affair cited

Canada's top military officer in Haiti has been relieved of duty and is under investigation for allegations of an inappropriate relationship, the second time in recent months that the head of a Canadian military mission has been removed.

Published 11 Jul, 2010 12:00am

US corn ends weaker

US corn futures eased to a lower close on Friday on a USDA's July supply/demand report that showed US corn ending stocks above estimates. Market underpinned by forecasts for hot weather that could stress the developing crop around the Midwest. CBOT Septem

Published 11 Jul, 2010 12:00am

White sugar falls from four-month top

White sugar futures fell from a four-month top but closed up a shade, while the raws reversed to finish lower on Friday, after a wave of profit-taking hit the markets. Coffee and cocoa futures finished the day strong but below session peaks. White sugar j

Published 11 Jul, 2010 12:00am

US copper at two-week top

US copper futures closed up a two-week top on Friday, driven by improving economic sentiment and expectations that demand from China, the world's biggest consumer, remained robust in June. Copper for September delivery rose 3.80 cents, or 1.3 percent, to

Published 11 Jul, 2010 12:00am

US gold ends higher

US gold futures finished Friday at their highest close in four days, but gains were held in check by light volumes and sellers at $1,210 an ounce. Gold will hold current ranges until clearer signs of economic direction emerge, analysts said.

Published 11 Jul, 2010 12:00am

Kenya tea auction sales rise

Tea purchases at Kenya's weekly auction increased by over 30 percent to 199.68 million kg in the first half of 2010, African Tea Brokers (ATB) said on Friday. The Mombasa-based auction, which deals in tea from at least 10 African countries, sold over 151

Published 11 Jul, 2010 12:00am

US soyabean surges on firmer cash, brisk exports

US soyabean futures closed higher on Friday, with the front month contract hitting its highest level since January 7 due to firmer cash markets, no deliveries on the July contract and active exports of soya. New crop months also firm amid strong export de

Published 11 Jul, 2010 12:00am

Bangladesh waives duty on raw sugar ahead of Ramazan

Bangladesh has waived import duty on raw sugar and cut the levy on refined sugar for the next two months to keep prices of the sweetener stable, a senior official said on Thursday. Commerce Ministry spokesman Mohammad Faizul Huq told Reuters there would b

Published 11 Jul, 2010 12:00am

Asian sugar weekahead: Thailand to tender for 100,000 tonnes of sugar

Thailand was expected to hold a tender in mid-July to buy 100,000 tonnes of sugar as it struggles to ensure supplies, while premiums were steady near record highs despite a rebound in futures prices, dealers said on Tuesday.

Published 11 Jul, 2010 12:00am

China's crude oil, soya imports at record in June

China's imports of crude oil and soyabeans hit monthly records in June, while imports of copper and iron ore slowed from May, preliminary data from China's customs office showed on Saturday. The mixed picture pointed to increasing uncertainty over China's

Published 11 Jul, 2010 12:00am

Ample soyaoil to curb Asian palm oil's gains this year

Average Asian palm oil prices will stay unchanged in the second half of this year and in 2011 as ample supplies of rival soyaoil cap demand, a Reuters survey showed on Tuesday.

Published 11 Jul, 2010 12:00am

Commodities higher on US data, IMF growth upgrade

Commodity markets moved higher this week on upbeat US data and rising stock markets, given a boost after the International Monetary Fund ramped up its 2010 global growth forecast, analysts said. "Commodity prices have returned to positive territory in rec

Published 11 Jul, 2010 12:00am

Terror attacks

This is with reference to the recent terrorist attacks on Data Darbar and the Mohmand Agency. Heavy civilian casualties reported in both of these suicide attacks. Taliban denied involvement in attacking Data Darbar, saying that they did not attack public

Published 11 Jul, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 17	258.16

Stock	Price
786 Invest Ltd / Jun 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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