Mexican stocks ended lower amid profit-taking on Friday, following Wall Street down after news the US economy grew slower than expected in the fourth quarter.
Qwest Communications International Inc, sold $1.775 billion of junk bonds on Friday, but some of the weakest conditions in the US junk bond market since last summer forced the telecom company to sweeten the deal, investors said.
Qwest Communications International Inc, sold $1.775 billion of junk bonds on Friday, but some of the weakest conditions in the US junk bond market since last summer forced the telecom company to sweeten the deal, investors said.
While the high-grade credit market saw spreads gradually widen again this week on ongoing profit-taking, some strategists and analysts once again expressed preferences for companies with ratings around junk levels.
While the high-grade credit market saw spreads gradually widen again this week on ongoing profit-taking, some strategists and analysts once again expressed preferences for companies with ratings around junk levels.
US stocks fell on Friday after a report showing fourth-quarter US economic growth was below Wall Street forecasts raised concerns about the strength of the recovery and prompted investors to lock in recent gains.
Eleven people were acquitted Saturday on charges of "glorifying" the banned practice of sati, where Hindu widows burn themselves to death on their husbands' funeral pyres, following a notorious incident in 1987.
President George W. Bush established a commission on Friday to make space policy recommendations about what research should be done on the moon and criteria for human space missions.
The rover Opportunity signalled to Nasa scientists on Saturday that it has driven onto the surface of Mars to begin a mission to explore the planet's geological history and search for signs of water.
China's window of opportunity to stop the spread of bird flu is narrowing, the World Health Organisation (WHO) said, while the country stepped up checks on poultry nation-wide for signs of the deadly virus.
Iran's electoral crisis deepened on Saturday with the government warning a parliamentary vote lacked legitimacy and could not be held due to the mass disqualification of reformist candidates by a hard-line watchdog.
The United States would like to see an expansion of the Nato-led international peacekeeping force in Afghanistan but without reducing the number of US-led coalition troops here, a visiting Congresswoman said Saturday.
Ousted dictator Saddam Hussein remains in Iraq and will be handed over to a special court being set up by the US-appointed Governing Council to face charges of genocide and invasion of neighbouring countries, US administrator Paul Bremer said in an interv
Indignant BBC staff defended their ex-boss on Saturday and there were renewed demands for an inquiry into Britain's case for war in Iraq as the fallout from an explosive report showed no sign of abating.
The Palestinian Authority said on Saturday it had submitted a formal affidavit to the World Court supporting its right to rule on a huge barrier Israel is building in the West Bank.
Nearly half of all patients in public hospitals in South Africa are HIV positive, according to a secret government report leaked to a South African newspaper.
A Paris boulevard became a sea of coloured turbans on Saturday as Sikhs from across Europe marched to defend their traditional headgear against a looming French ban on religious symbols in state schools.
An Election Tribunal, headed by Justice Rustam Ali Malik has rejected the petition of Syed Abbas Akbar alias Mohni Shah of a nominee of National Alliance (Pakistan Millat Party) from PP-199, Multan, against the PPPP's nominee, Syed Nazim Hussain Shah, and
The inter-school/collegiate Basketball and Throwball events were completed at AKU Sports Centre Gymnasium on Thursday which were organised by the AKU Sports & Rehabilitation Centre.
British High Commissioner to Pakistan Mark Lyall Grant and Ambassador of European Union Ilkka Uusitalo accompanied by their team on Saturday paid a private visit to Lakki and Bannu districts of NWFP.
Water and Power Development Authority (Wapda) has launched a special campaign for recovery of outstanding dues from its permanently disconnected power consumers.
The lethal and poisonous compound arsenic has been found in soil water in eight Punjab districts, causing harmful diseases especially cancer, skin diseases due to unabated use of agriculture pesticides, industrial chemicals and wastage of petroleum produc
Market forces that generally play havoc, resulting in high price spiral particularly in days of festivities and rituals, are again active, as prices of vegetables and fruits have witnessed sudden rise ahead of Eid.
KESC has announced that electricity bills, of which, the last date is falling during Eid-ul-Azha holidays may be paid on February 6, 2004 without late payment charges, a KESC spokesman said on Saturday.
Interior Minister Faisal Saleh Hayat has said a delegation will travel to Afghanistan soon after Eid to finalise the training and assistance to their armed forces and police personnel.
The present rulers would be tried in the squares of major cities for giving Pakistan's air-bases, sea-ports, and intelligence network to United States for attacking Afghanistan, the operation in south Waziristan, allowing the India for erecting fences on
The recent outbreak of the bird flu only brings to light the dismal conditions the chickens are kept in, not to mention the unhealthy, artificial feed they are given.
Thousands of US troops on their way to war-ravaged Iraq have been testing their urban warfare and other fighting and survival skills on this firing range in the heart of Kuwait's northern desert.
The draft Sales Tax Rules 2004 has been prepared and proposed to replace, by 15 January 2004, the existing Sales Tax Refund Rules 2002 with the basic objectives (1) to mitigate risk by stopping leakages of massive revenue through millions of rupees in ill
Pakistan's efforts to contest the European Union Commission's decision last December to withdraw the concession of abatement of import duty on exports of Super Basmati rice from Pakistan has ultimately been rewarded with success.
Coming at the heels of the Thai government's desperate decision to include the soldiers and prisoners in the gigantic task of destroying all the flue stricken chickens, indications of the growing controversy over the causes and consequences of the epidemi
Intellectuals, writers and critics of Punjabi language both from India and Pakistan have called for waging concerted efforts for promoting Punjabi literature and culture.
The Federal Tax Ombudsman, Justice Saleem Akhtar's statement that he would recommend review of Section 9 (2) B has been widely acclaimed by members of business community.
Asian Development Bank (ADB) has approved a US $1 million technical assistance (TA) grant to prepare outlines, designs, and cost estimates for improving the country's major airports.
The Dubai based Emirates airline has unveiled a 20 feet long model of an Airbus A380-800 aircraft resting on a round about sponsored by the airline at Clifton.
Present outbreak of bird flu in the country is Avian Influenza of H-7 and H-9 type which is neither harmful to human health nor has any resemblance with the pernicious bird flu of type N1 and H5.
The apex body of textile industry, All Pakistan Textile Mills Association (Aptma), has appreciated government's effort to improve the balance sheet of the country by paying back the costly debt of Asian Development Bank ahead of schedule.
Punjab Union of Journalists (PUJ) on Saturday held a protest meeting to press the government to hold trial of murderer of journalist Sajid Tanuli in Terrorist Court.
In a bid to remove apprehensions of consumers regarding Pakistani chicken and to promote the use of chicken, Pakistan Poultry Association (PPA) held a rally at Faisal Chowk here on Saturday.
Pakistan People's Party (PPP) Spokesman Senator Farhatullah Babar said on Saturday there was no big deal in repaying loan to the Asian Development Bank (ADB).
Hussain Ahmed Ozgen, President, Rawalpindi Chamber of Commerce and Industry (RCCI), has lauded the repayment of 1.17 billion dollars debt to Asian Development Bank (ADB) and hoped that this would certainly improve the socio-economic structure of the count
NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) has urged the tribesmen to realise need of the hours and bring changes in their thoughts and behaviours so as to facilitate the process of progress and prosperity.
The Sarhad Chamber of Commerce and Industry (SCCI) Standing Committee on Food has demanded of the government to amend the draft adulteration law of the country.
The NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd), on the second day of his two-day tour of North Waziristan Agency, on Saturday inaugurated the up-gradation of Government Commercial Institute Miran Shah to the College of Management S
British physicians have determined that 'samosas' and 'pakoras', rather all deep-fried eatables from the orient, are dangerous and one of the causes of heart diseases and diabetes.
Health experts have warned people to abstain from eating mutton and beef in excessive quantity on the occasion of Eid ul Azha, as it may lead towards problem of gastro-enteritis, ulcer, skin allergy, hypertension, acidity, joint pains and other health pro
Water and Power Development Authority (Wapda) and Irrigation Departments of Punjab and NWFP, while taking a serious note over the reports that waster is being stolen through illegal pumps and pipes installed along the Chashma Right Bank Canal (CRBC), have
Tanvir Randhawa has been elected vice chairman of the Punjab Bar Council (PBC) by securing 56 votes while his rival candidate Zia Ullah Niazi could bag 42 votes.
Punjab Chief Minister Pervaiz Elahi, while addressing the inaugural ceremony of the new Punjabi language newspaper 'Khabrain' from here on Saturday said that it was for the first time in the history of the province that concrete and effective steps were t
Opposition leader in Lahore Chamber of Commerce and Industry (LCCI) and leader of The Founders, Chaudhry Manzoor Tahir has flayed the management of the LCCI for raising the salary of the executive secretary for what he said "at the expense of the rest of
The Foreign Office spokesman on Saturday said that the Gwadar Port was being developed as commercial port and that would enhance country's economic and trade relations with countries of Central Asia, Middle East and Europe.
Manzar Alam, Chairman, Advisory Board, Korangi Association of Trade and Industry (Kati), commenting on the joint communiqué issued by the Finance Ministers of the Economic Co-operation Organisation (ECO) at the conclusion of their meeting in Islamabad, ha
Federal Minister for Information and Broadcasting Sheikh Rashid Ahmed has categorically said Pakistan will neither give up its nuclear capability nor would transfer the sensitive technology to others.
Islamabad police have made elaborate security arrangements in the capital for Eid-ul-Azha to avoid any untoward situation, said Senior Superintendent Police (SSP), Islamabad on Saturday.
Egas Mussanhane, Chairman of Mozambique Federation of Chambers of Commerce, on Saturday invited the Pakistani investors to avail the opportunities to set up industrial, business and banking ventures in his country.
Three suspected freedom fighters were killed in a shoot-out with occupation security forces after taking refuge in a mosque in occupied Kashmir, the occupation army said on Saturday.
Three suspected freedom fighters were killed in a shoot-out with occupation security forces after taking refuge in a mosque in occupied Kashmir, the occupation army said on Saturday.
British Home Secretary David Blunkett arrives in Islamabad on February 2 on two-day visit to strengthen co-operation on issues including migration, counter-terrorism and policing, a statement from the British Home department has said.
British Home Secretary David Blunkett arrives in Islamabad on February 2 on two-day visit to strengthen co-operation on issues including migration, counter-terrorism and policing, a statement from the British Home department has said.
About 10 Afghan villagers were killed in a US air raid two weeks ago in Uruzgan province in the centre of the country, Afghanistan's US-backed president said on Saturday.
About 10 Afghan villagers were killed in a US air raid two weeks ago in Uruzgan province in the centre of the country, Afghanistan's US-backed president said on Saturday.
Dr Mirza Ikhtiar Baig, chairman, standing committee on banking, credit and finance of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has requested Finance Minister Shaukat Aziz not to levy 10 percent withholding tax on Bahbood Saving
Dr Mirza Ikhtiar Baig, chairman, standing committee on banking, credit and finance of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has requested Finance Minister Shaukat Aziz not to levy 10 percent withholding tax on Bahbood Saving
Some textile millers have booked 300,000 bales of cotton of Shankar-6 quality when the prices of Indian cotton were 65 to 70 cent per pound, mostly for February and March delivery, of which, 50,000 bales were delivered in January.
Some textile millers have booked 300,000 bales of cotton of Shankar-6 quality when the prices of Indian cotton were 65 to 70 cent per pound, mostly for February and March delivery, of which, 50,000 bales were delivered in January.
The first of the three newly acquired Boeing 777-200ER flew into Karachi on Saturday afternoon to a vociferous reception at the airport arranged by PIA management.
The first of the three newly acquired Boeing 777-200ER flew into Karachi on Saturday afternoon to a vociferous reception at the airport arranged by PIA management.
The National Highway Authority (NHA) on Saturday awarded three contracts worth $261 million to Hussnain Cotex Limited, M Ayub Limited and Caster International for expansion, surfacing and rehabilitation of 856 km long highways.
The National Highway Authority (NHA) on Saturday awarded three contracts worth $261 million to Hussnain Cotex Limited, M Ayub Limited and Caster International for expansion, surfacing and rehabilitation of 856 km long highways.
German industry is set to pull out of government talks over the allocation of emissions trading certificates because the firms involved cannot agree, weekly magazine Der Spiegel said on Saturday.