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Islamabad, Saturday, September 04, 2010 |
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UN calls special food price talks |
LONDON—The summer heatwave destroyed crops in many parts of Russia The United Nations’ food agency has called a special meeting of policy makers to discuss the recent rise in global food prices. The announcement came after Russian Prime Minister Vladimir Putin extended the country’s ban on grain exports on Thursday.
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Pakistani stocks end down, Rupee weakens |
KARACHI—Pakistani stocks fell on Friday, despite the International Monetary Fund extending $450 million in emergency aid, after Moody’s Investors Service downgraded its outlook on five of the country’s banks to negative, dealers said. The Karachi Stock Exchange (KSE) benchmark 100-share index .KSE ended 0.6 percent, or 59.83 po
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Wheat rises on Russian export ban, Mozambique riots |
MOSCOW—Wheat rose in Chicago after Russia, the world’s third-largest grower, extended a ban on grain exports into next year, raising the prospect of higher food prices that already have sparked riots in Mozambique. Wheat for December delivery rose as much as 1.5 percent to $7.2475 a bushel, advancing for a third day and taking
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