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Archive for  August 2004

    • News Desk
    • Aug 3rd, 2004
    • Comments Off on German state makes Islamic bond debut

    The German state of Saxony-Anhalt was in the spotlight in Europe on Monday as it sold a floating-rate note that conforms with Islamic law by not paying interest. Elsewhere, record oil prices and renewed threats

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on German state makes Islamic bond debut

    The German state of Saxony-Anhalt was in the spotlight in Europe on Monday as it sold a floating-rate note that conforms with Islamic law by not paying interest. Elsewhere, record oil prices and renewed threats

    Read More

    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Monday’s unofficial close: US stocks end higher

    US stocks rose on Monday as fears about possible attacks on US financial institutions receded and strong earnings from consumer products maker Procter & Gamble Co helped push up the blue-chip Dow. The Dow Jones

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  • Here is how major stock markets outside the United States ended on Monday. EUROPE STOCKS EXCHANGE: European shares closed lower, breaking a four-day winning streak as fears about possible al Qaeda attacks in the United

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on FTSE-100 scrapes to closing gain as banks lend support

    Britain's FTSE-100 closed up slightly on Monday, recovering from an earlier dip as HBSC led the banking sector higher, helping to counter losses for other financials and airline British Airways. United Utilities was another feature,

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  • London white sugar futures closed higher amid trade buying and arbitrage against the New York market, but remained below the resistance level of around $256, dealers said. Front-month October settled up $3 at $255 a

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on LME prices drift lower on light selling

    London Metal Exchange (LME) prices were slightly lower by Monday's kerb close on light technical liquidation in thin trading conditions, traders said. Only nickel bucked the trend to end $250 higher. "We've had no news

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on New York cotton closes tad firmer in light trade

    New York cotton futures crawled to a marginally higher close Monday on speculative and options-related buying, but volume was light and bearish fundamentals are seen keeping fiber contracts on a tight leash in the days

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  • Gold firmed slightly in Europe on Monday as investors waited for US economic data to guide the market after renewed security fears had earlier boosted the metal, analysts said. Spot gold rose to $391.50/392.00 per

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    • News Desk
    • Aug 3rd, 2004
    • Comments Off on Oil ends just under $44, supply fears linger

    US oil prices struck a new peak on Monday, climbing to just under $44 a barrel, after the United States raised its security alert to high for a possible al Qaeda attack on a top

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