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Archive for  August 2004

    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Global PMI shows stronger growth in July

    The global manufacturing sector expanded at a faster pace in July, an indicator based on national surveys of manufacturers showed on Monday. The global purchasing managers' index (PMI), produced by J.P. Morgan together with research

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on US factories strong in July, construction slips

    US manufacturing expanded further in July, fuelling more hiring, but outlays for US construction fell unexpectedly in June to hint at a slowing of the housing boom, reports released on Monday showed. The Institute for

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on UK factory growth at 10-year high

    British manufacturing raced ahead in July at its fastest pace in a decade as domestic and foreign new orders surged, a report showed on Monday as the Bank of England appears set to raise interest

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on World Bank approves $145 million aid package for Afghanistan

    The World Bank on Monday unveiled a 145 million dollar aid package to Afghanistan to support reconstruction in the war-wracked country. The interest-free loan package includes a 35 million dollar grant for education and a

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  • The New Zealand share market eased on Monday, as weaker top-10 stocks, lead by Telecom, pulled the market from the previous week's record high. Bryon Burke of ABN Amro Craigs said the market was mixed,

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Energy stocks lift Australian market to close firmer

    Australian stocks rose 0.25 percent on Monday to their best level in nearly three weeks, buoyed by the energy sector as oil prices reached fresh highs and a further rebound in banking stocks. The benchmark

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Malaysian shares close at one-month low

    Malaysian shares followed key regional bourses lower on Monday, touching a one-month low before some of its biggest blue chips trimmed losses, with investors unnerved by rocketing oil prices and security fears. Seven of Malaysia's

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Taiwan stocks fall 1.29 percent on oil prices and techs tumble

    Taiwan stocks fell over 1 percent on Monday as rising oil prices touched off profit-taking on memory chip and display screen makers after sharp gains that had been spurred by upbeat forecasts from heavyweight TSMC.

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Hong Kong stocks finish lower on security fears

    Hong Kong stocks ended down 0.30 percent on Monday as fresh global security threats and rising oil prices rattled investor confidence. The United States raised its security alert level on Sunday for Washington-based financial institutions

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Singapore shares sag on oil price worries

    Singapore share prices closed down 0.23 percent on Monday on concerns record high oil prices will harm the city-state's economic prospects, dealers said. Singapore Airlines was among the biggest losers as investors dumped the stock

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