US President George W Bush met on Tuesday with Indian Foreign Minister Yashwant Sinha, praising recent progress towards defusing tensions between India and Pakistan, the White House said.
Federal Minister for Water and Power Aftab Ahmed Khan Sherpao has said that the nation suffers from a shortfall of ten percent in water resources which would grow to 25 percent in the next 20 years if water reservoirs and dams are not constructed in comin
Federal Minister for Water and Power Aftab Ahmed Khan Sherpao has said that the nation suffers from a shortfall of ten percent in water resources which would grow to 25 percent in the next 20 years if water reservoirs and dams are not constructed in comin
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
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 currency d
The latest cut in estimates of the US 2003 soyabean crop will require even larger than expected exports of South American beans to meet global demand in coming months, Hamburg-based newsletter Oil World said.
Vietnam robusta sellers tracked gains in London, pushing prices higher while speculators held back their stock on hopes of further price rises, traders said on Tuesday.
European Union imports of soyabeans are set to rise in coming months but EU stocks will fall in mid-year as crushers hope for a bigger crop and lower prices next season, Hamburg-based newsletter Oil World said.
Three Chinese grains companies visiting Brazil plan to open a soya trading firm that will buy directly from local producers and co-operatives, Chao En Hung, director of the Sao Paulo-based Solidez trading company, said late Monday.
French wheat closed higher on Monday, helped by a rise in US futures on Friday, a stronger dollar against the euro and firm freight rates that continued to curb imports into Europe, traders said.
Libya's state grains agency has made several small barley purchases of an unknown volume in recent days but remains in the market for more, traders said on Tuesday.
The Karachi Port handled 117,923 tonnes of cargo including 106,694 tonnes import and 11,229 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.
China's recent foreign wheat orders may be the tip of the iceberg for grain imports in years to come as the country is unlikely to produce enough itself and stocks have been reduced, traders and analysts said on Tuesday.
South Africa pegged its maize area estimate to its lowest level since the 1940s on Tuesday, saying farmers had sown 2.56 million hectares - in line with estimates by market players polled by Reuters.
Italy's gold jewellery exporters risk losing market share because of the strong euro, soaring gold prices and fierce competition from developing countries and alternative lifestyle products, specialists said on Tuesday.
Pakistani rice prices rose this week on slow arrivals from the new crop and supplies are expected to remain sluggish ahead of the Muslim festival of Eid-ul-Azha due early next month, dealers said on Tuesday.
Trading in cotton (all from Punjab) was maintained around usual calculated level determined by the spinners, relevant sources said. The rain, according to them, had not disturbed the proceedings.
Standing in front of his shop coating pastries in syrup, Yahya insists the government must do everything in its power to keep sugar cheap and within easy reach of every Egyptian.
China produced 430.6 million tonnes of grain in 2003, the lowest harvest in 13 years and 5.8 percent less than in 2002, official figures released on Tuesday showed.
China harvested 4.87 million tonnes of cotton in 2003, down a year-on-year 0.9 percent despite an acreage increase of 20 percent, the State Statistical Bureau said on Tuesday.
Private forecaster Australian Wheat Forecasters Pty Ltd (AWF) is forecasting a big increase in Australia's summer sorghum crop in 2004 after the near completion of bumper winter wheat and barley harvests.
Spot gold fell in quiet Asian trade on Tuesday as a firmer dollar kept investors at bay, but traders expected fresh physical buying to prevent prices from falling below the crucial $400-an-ounce level.
US crude prices made fresh gains on Tuesday, rallying to a 10-month high as freezing temperatures and wafer-thin fuel stocks in the United States stoked fears of a possible supply crunch.
Tokyo rubber futures rose on Tuesday on short-covering and position-squaring ahead of the Lunar New Year holiday, when some traders in Asia will be off.
Malaysia's tin market closed lower on Tuesday for a third straight day of losses, further narrowing the wide premium over London Metal Exchange prices.
India has contracted to sell about 150,000 tonnes of corn for shipments over the next two months, traders said on Tuesday, capitalising on the absence of export offers from China.
Copper prices rose to their highest level since June 1997 during Tuesday afternoon London Metal Exchange (LME) trading, spurred by a lower production outlook from US copper producer Freeport McMoRan and against a background of tumbling inventories.
NYCE cotton futures finished mixed Tuesday, with most players sidelined to wait out the Lunar New Year festivities this week in top consumer China, dealers said.
Gold bullion inched higher in Europe during quiet Tuesday trade with prices hot on the heels of the dollar's minor oscillations against the euro, traders and analysts said.
Oil prices hit fresh 10-month highs on Tuesday as a huge blast at a liquefied natural gas (LNG) plant in Algeria added to concerns over wafer-thin US oil supplies, which are being tested amid bitter winter cold.
British inflation remained steady in December, defying expectations of a fall and making it easier for the Bank of England to raise interest rates next month.
The OECD on Tuesday became the latest institution to criticise UK Chancellor of the Exchequer Gordon Brown's public spending as excessive and not necessarily likely to yield improved services.
Southeast Asian economic ministers agreed Tuesday to work to integrate 11 industry sectors as part of efforts to create a European-style single market covering their 530 million people by 2020.
Spain and Portugal on Tuesday sealed their long-delayed single power market, billed as Europe's largest spot market, and Portugal hailed it as a route to lower electricity prices.
Credit card defaults and a corporate fraud halved combined profits at South Korean banks including Kookmin Bank in 2003, but profits should triple in 2004 as the economy recovers, a financial regulator said on Tuesday.
Credit card defaults and a corporate fraud halved combined profits at South Korean banks including Kookmin Bank in 2003, but profits should triple in 2004 as the economy recovers, a financial regulator said on Tuesday.
The European Union's top paymasters slapped down European Commission plans on Tuesday to boost the bloc's budget, setting the stage for a tough fight over future funding of the soon-to-expand union.
The International Energy Agency (IEA) said on Tuesday that Opec did not want oil prices at current high levels but was unable to bring the market down.
Citigroup Inc, the world's largest financial services company, on Tuesday said fourth-quarter net profit nearly doubled, as consumer and investment banking income climbed.
Citigroup Inc, the world's largest financial services company, on Tuesday said fourth-quarter net profit nearly doubled, as consumer and investment banking income climbed.
China's economy continued growing at a blistering pace in 2003, expanding 9.1 percent for its best performance since 1997 and with more in store this year, the government said Tuesday.
Russian President Vladimir Putin said that he had secured a promise Tuesday from World Bank chief James Wolfensohn that he would try to help Moscow join the World Trade Organisation (WTO) by 2006.
Taking financial markets by surprise, the Bank of Japan eased its monetary policy on Tuesday in what analysts said was a sign of concern about the potentially harmful impact on the economy of the recent strength of the yen.
The Philippine trade deficit rose sharply in November as the government stood by controversial data showing a heavy fall in electronics shipments and other exports, providing more evidence the economy is trailing its Asian peers.
Hong Kong's deflation cycle extended to a 62nd consecutive month in December but the end appears to be in sight as retail prices are picking up on the back of economic recovery and robust tourism.
Zimbabwe's rocketing inflation rate subsided for the first time in 18 months in December, data released on Tuesday showed, suggesting it could undershoot the government's forecast of 700 percent in the first quarter.
Cathay Financial Holdings, Taiwan's largest financial group, will likely post a fourth-quarter net loss as early as next week after its banking unit wrote off heavy bad loans in the last quarter.
Cathay Financial Holdings, Taiwan's largest financial group, will likely post a fourth-quarter net loss as early as next week after its banking unit wrote off heavy bad loans in the last quarter.
Dutch non-seasonally adjusted unemployment remained at 5.5 percent of the workforce, or an average of 416,000 in October-December the Central Bureau of Statistics (CBS) said on Tuesday.
Central Europe's drug wholesalers face slower growth this year as governments look to trim spending in their battle with budget deficits, while European Union entry in May will trigger sector consolidation, industry executives and analysts say.
Sri Lankan stocks picked up on Tuesday on speculative buying a day after a sharp drop on a political alliance between two main political parties that could delay peace talks with Tamil Tiger rebels.
Philippines stocks closed nearly two percent higher on Tuesday, lifted by speculation that dominant telecoms firm PLDT planned to merge its two mobile units.
Japan's Nikkei stock average ended at a three-month high on Tuesday but worries about overheating offset the Bank of Japan's decision to ease monetary policy, paring much of the market's gains in late trade.
US technology issues carried Toronto stocks to a higher close on Monday as investors jockeyed for position ahead of what is widely expected to be a solid corporate earnings season.
South Korean shares closed at a new 20-month high on Tuesday, with market leader Samsung Electronics Co and sibling flat screen maker Samsung SDI posting all-time highs.
Thai shares ended lower on Tuesday as investors took profits ahead of the Chinese New Year, but buying of bank stocks, bolstered by the cabinet's approval of a bank merger plan, limited the fall.
Malaysian shares finished higher for the third day running on Tuesday in slow pre-holiday trade, as speculative stocks like Malaysia Aica continued to rise.
Hong Kong's leading index closed at a fresh two-and-a-half year high on Tuesday as investors scooped up property shares in anticipation of stronger earnings as the long ailing sector revives.
Japanese government bond (JGB) yields soared to one-week highs on Tuesday on firmness in Tokyo shares, shrugging off a surprise monetary easing by the Bank of Japan.
Japanese government bond (JGB) yields soared to one-week highs on Tuesday on firmness in Tokyo shares, shrugging off a surprise monetary easing by the Bank of Japan.
India's key share index wiped out the previous day's gains on Tuesday, ending at a three-week low on concerns that foreign portfolio investors may wait on the sidelines until after the upcoming national elections.
US blue chip stocks fell in heavy trade on Tuesday from multiyear highs set on Friday as investors with hard-to-beat expectations waved off strong profits from Citigroup Inc and 3M Co.
European corporate bonds rose in value as General Motors Corp reported better-than-expected results, although as the day wore on price gains started to fade, traders said.
European corporate bonds rose in value as General Motors Corp reported better-than-expected results, although as the day wore on price gains started to fade, traders said.
British blue chips closed near session lows on Tuesday as a cheery outlook from insurer Aviva failed to counter weakness among heavily-weighted oil and bank stocks as well as a lower start on Wall Street.
The Swiss franc was little changed against the dollar in trading on Tuesday although softer against the euro even though eurozone finance ministers expressed concerns about the strength of the euro.
The dollar steadied against major currencies on Tuesday, holding on to most of the previous day's impressive gains as investors grew uneasy about battering the greenback before the Group of Seven meeting next month.
The dollar rose on Monday in holiday-thinned trade, adding to last week's gains, as statements by some euro zone finance ministers that they can live with the euro's current exchange rate had little impact on the market.
The Hong Kong dollar inched higher on Tuesday afternoon after a weak start to the day, with some investors covering Hong Kong dollar short positions ahead of the Lunar New Year holiday.
Asian currencies fell on Tuesday as players turned cautious after the US dollar rebounded against major currencies ahead of a Group of Seven meeting, likely to discuss exchange rate issues.
The Australian dollar managed a mild bounce on Tuesday after a sea change in sentiment towards the US dollar and euro pushed the currency to an 18-day low of 75.29 US cents.
The Indian rupee recovered from early lows and ended marginally higher on Tuesday, helped by foreign direct investments and dollar inflows from exporters, dealers said.
Sterling won more than three cents against the dollar on Tuesday and dug in its heels against the resurgent euro as UK inflation data helped to keep the fire burning under expectations of an imminent UK interest rate rise.