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Archive for  August 2004

    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Shanghai copper up, low stocks lend support

    Shanghai copper futures gained ground on Monday as metal markets received a boost from a weaker US dollar and warehouse stocks hitting multi-year lows at home and abroad, traders said. Shanghai's most active contract, November,

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Weak dollar lifts Asian gold, platinum shines

    Gold reasserted its safe-haven status and rose about $2 in Asia on Monday after the dollar weakened against the euro in reaction to a warning of possible al Qaeda attacks on key buildings in the

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Malaysian tin down $10 per tonne on light selling

    Tin fell $10 a tonne in Malaysian trade on Monday on light selling sparked by a drop in the metal's value in London. The Kuala Lumpur Tin Market (KLTM) spot price weakened to $8,890 a

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Manila rejects bids for 80,000 tonnes sugar

    Philippine sugar millers and planters on Monday rejected bids for up to 80,000 tonnes of raw sugar for August/December export due to low prices, an industry official said. Jose Maria Zabaleta, executive director of the

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  • Malaysian crude palm oil futures ended down on Monday after a slump in rival Chicago soya made players ignore better-than-anticipated exports of palm oil in July. The benchmark palm oil contract on the Malaysia Derivatives

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  • Nippon Mining and Metals Co Ltd, Japan's biggest copper smelter, said on Monday it had raised its selling price for copper by 10,000 yen a tonne to 370,000 yen ($3,330) reflecting strong prices on the

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Singulus second-quarter profit drops 29 percent

    Singulus, the world's biggest maker of CD and DVD machinery, made a smaller operating profit in the second quarter as it continued to rely on low-margin CD equipment for much of its revenue, it said

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Singulus second-quarter profit drops 29 percent

    Singulus, the world's biggest maker of CD and DVD machinery, made a smaller operating profit in the second quarter as it continued to rely on low-margin CD equipment for much of its revenue, it said

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on General Electric unit to buy Hyundai Capital stake for $371 million

    General Electric Co's financing unit said on Monday it would buy a $371 million stake in Hyundai Motor Co's ailing financial arm to expand into South Korea's $8.6 billion auto financing market. Hyundai Capital Services

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on DHL sees rise in Asia-Pacific market share

    Global courier giant DHL unit said on Monday it expected its expand its 40 percent share of the Asia-Pacific express courier market by one-to-two percentage points in the next few years, fuelled by growth in

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