Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign

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Karachi interbank rates on Friday (December 31, 2004). ============================================================================================== Interbank Rate Friday (December 31, 2004) ============================================================================================== 1 Week 2 Week 1 Month 3 Month 6 Month 9 Month 12 Month ---------------------------------------------------------------------------------------------- BID ASK BID ASK

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Kansas City Board of Trade wheat futures settled higher on Thursday thanks to a late short-covering rally ahead of the extended holiday weekend, traders said. The market closed 1 cent to 3-3/4 cents higher, with

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New York cocoa futures finished a touch higher on Thursday as speculative short-covering was met with fund sales which held prices in a quiet band on 2004's last day of trade, floor sources said. The

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Arabica coffee futures pulled back on Thursday, as profits were taken in thin markets on the last trading day of the year, dealers said. But speculation persists that beans will be in short supply next

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The US Agriculture Department set the prevailing world market price for upland cotton at 33.61 cents per pound, effective through January 6. The price is adjusted to US quality and location for Strict Low Middling,

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Germany's Federal Labour Office said on Friday it had fixed a computer problem which had threatened to embarrass the government at the launch of its controversial labour market reforms. Around five percent of Germany's estimated

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General Electric Co said Friday that two private equity firms completed a deal to buy a majority interest in its India-based back office unit. The conglomerate also affirmed its previous 2004 and fourth-quarter earnings forecasts.

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General Electric Co said Friday that two private equity firms completed a deal to buy a majority interest in its India-based back office unit. The conglomerate also affirmed its previous 2004 and fourth-quarter earnings forecasts.

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Russian state oil firm Rosneft on Friday put its man in charge of Yuganskneftegaz, taking control of the main production unit of oil major Yukos, which is challenging the government auction of the asset in

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