Iranian car maker Iran Khodro is demanding compensation from Turkey's Tofas, accusing it of a breach of contract in bowing to US pressure to pull out of a deal, the car maker's lawyers said on Saturday.
Japanese car maker Mitsubishi Motors Corp is likely to post a group operating loss of around 100 billion yen ($949.3 million) this year on poor sales of new cars in North America, a newspaper said on Saturday.
The European Central Bank should intervene to bring the euro below $1.20 by buying dollars, the head of Germany's Ifo institute was quoted as saying on Saturday.
Some 1,400 delegates from around the world are set to assemble next week in the Bangladeshi capital, Dhaka, to devise new ways to extend credit to the globe's poorest people.
Egypt and Singapore will sign a free trade pact that will form "a bridge between Asia and the Middle East", Singaporean Prime Minister Goh Chok Tong said Saturday in Cairo.
In a protest against plans to privatise oil distribution firms, about 10,000 lorry and tanker operators went on strike on Saturday, halting supplies of petroleum products from depots to filling stations.
The International Monetary Fund on Friday issued a $5.2 million line of credit to Senegal after approving a first review under a three-year loan program and urged it to step up electricity and groundnut sector reforms.
Kuwait's energy minister Sheikh Ahmad al-Fahd al-Sabah on Saturday was quoted as saying he welcomes the formation of a parliamentary committee to probe a Kuwait Petroleum Corp (KPC) contract to supply US firm Halliburton with fuel for the US army in Iraq.
Investors are studying a spate of recent, high-profile European corporate scandals - from Ahold and Adecco to Parmalat and Cirio - searching for common themes that can help them avoid future investment meltdowns.
Zimbabwe has imposed anti-graft regulations allowing police to hold people suspected of economic crimes for up to seven days, the state-run Herald newspaper reported on Saturday.
India's foreign exchange reserves, Asia's sixth-largest, rose to a record high on February 6 on a combination of currency inflows and revaluation gains as the dollar continued to trade weakly against global currencies.
Senate Republicans on Friday formally unveiled a slimmed-down, $14 billion energy bill after cutting a deal with Democrats for a swift vote on the stalled package when lawmakers return from a week-long holiday later this month.
Nothing is more sacred to the Microsoft than its crown jewels - the millions of lines of secret computer code that propelled it from garage start-up to one of the world's wealthiest corporations.
Soyabean futures at the Chicago Board of Trade ended higher on Friday after bouncing up and down throughout the session on a mild recovery from Thursday's sell-off, traders said.
Heavy rain in recent weeks caused an estimated loss of between 10 percent and 15 percent in the soyabean crop in the Lucas do Rio Verde district of north central Mato Grosso, agronomists said on Friday.
Shanghai copper futures inched up on Friday with sentiment upbeat on long-term global demand, though some profit-taking set in due to stellar rises, traders said.
Comex copper futures finished an abbreviated pre-holiday session with modest gains on Friday, after recovering from bout of profit-taking, traders said.
Tokyo gold futures mostly inched up on Friday in a reflection of strong Comex gold prices, which continued to draw strength from the view that the Federal Reserve was comfortable with a weak dollar.
CSCE raw sugar closed mixed on Friday as late-session trade buying led the most-active front months higher after mix of switching and options-based business, brokers said.
Comex gold closed lower in a shortened session on Friday, reversing gains as the dollar shook off a blow from news that the US international trade deficit ballooned in December despite a weak US currency.
Oil prices shot higher last week after the Organisation of Petroleum Exporting Countries (Opec) caught traders by surprise, tightening the taps in anticipation of weaker demand when warmer weather arrives in the United States and Europe.
US grain traders are becoming less optimistic that a China trade mission's American visit, which had been supporting the US wheat market for weeks, will result in much new wheat sales, analysts said.
Egypt, a major wheat importer, is receiving Syrian grain but its plans to import from India are being held up by concerns about the presence of a non-toxic disease in Indian supplies, an official source said on Saturday.
The March vaida opened unchanged at Rs 438.20 and was quoted highest at Rs 440. Later in depressed trading it lost substantially to be quoted at Rs 438.20 and closing was seen at Rs 439.20.
Over 2000 bales changed hands on cotton market on Saturday as prices showed firm trend, relevant sources said. The rates in ready, however, maintained higher trend depicting caution that price rise could be expected, they added.
Cocoa arrivals at ports in Ivory Coast reached some 840,000-855,000 tonnes between the start of the 2003/04 (Oct-Sept) and February 12, leading exporters in the world's top cocoa grower said on Friday.
Swedish bank SEB said on Friday it plans to raise its profile in the increasingly competitive $1.2 trillion a day currency market, which it believes may be boosted over time by new accounting rules.
The dollar clawed back from early losses on Friday in volatile trade amid a wave of profit-taking in the euro after the single European currency hit a near-record high against the greenback.
Brazil's currency fell by 0.7 percent after a report in news magazine Epoca saying a close advisor to President Luiz Inacio Lula da Silva's chief of staff had collected campaign funds in return for political favours while working in the Rio de Janeiro sta
Japan will propose a new currency swap framework with its Asian neighbour countries to avert a financial meltdown in the region, a daily said Saturday.
Speculators in IMM yen futures reduced a net long position in the week ended February 10 from a record the prior week, data from the Commodity Futures Trading Commission showed on Friday.
Argentine stocks ended higher on Friday after the government said it will raise gas and electricity rates for big commercial users, partially thawing a two-year rate freeze.
The Canadian bond prices were mostly higher on Friday as the weak US consumer sentiment figures pushed influential US Treasuries higher, while weaker North American equity markets freed up cash to invest in bonds.
The Canadian bond prices were mostly higher on Friday as the weak US consumer sentiment figures pushed influential US Treasuries higher, while weaker North American equity markets freed up cash to invest in bonds.
Mexican stocks ended at a record high on Friday, boosted late in the day by a rally in cell phone operator America Movil, while the peso gained after foreign reserves hit a record high earlier this week.
US Treasury prices rose on Friday. boosted by a steep drop in a US consumer sentiment reading and a safety bid spurred by brief evacuations of a New Jersey postal facility and two US Senate office buildings.
US Treasury prices rose on Friday. boosted by a steep drop in a US consumer sentiment reading and a safety bid spurred by brief evacuations of a New Jersey postal facility and two US Senate office buildings.
Chile's stocks rose on Friday as investors snapped up bargain exporters that have been hit hard over recent sessions due to appreciation in the peso currency, which investors fear could hurt their profits, analysts said.
There's no denying that the rally in the companies with the poorest credit quality has been one of the most remarkable on record, representing also a complete reversal of fortune in less than a year.
There's no denying that the rally in the companies with the poorest credit quality has been one of the most remarkable on record, representing also a complete reversal of fortune in less than a year.
Strong domestic economic data failed to inspire Toronto stocks on Friday and the market finished lower for a second straight session as investors locked away profits and awaited a fresh catalyst.
Brazil's stock market fell as much as 3.8 percent and the currency tumbled on Friday after reports of a possible corruption scandal within the government sent investors ducking for cover.
A clutch of South African companies due to report results hurt by a strong local currency - including key players such as Anglo American Platinum and steel producer Iscor- will dominate the stock market next week.
US corporate bond yield spreads edged tighter on Friday, underpinned by a sparse supply of new issuance and growing confidence that interest rates are not due for an imminent increase.
US corporate bond yield spreads edged tighter on Friday, underpinned by a sparse supply of new issuance and growing confidence that interest rates are not due for an imminent increase.
US stocks fell on Friday as investors fretted over a dip in a key consumer confidence measure, overshadowing strong earnings from technology bellwether Dell Inc.
Hundreds of angry, stressed passengers battled monster delays at the Eleftherios Venizelos international airport Saturday after a snow storm blocked runways and led to the cancelation of at least 141 flights.
Thousands of Kurds held a protest in France's eastern city of Strasbourg Saturday to call for the liberation of former rebel leader Abdullah Ocalan, who has been held in Turkey since 1999.
A private video made by the late Princess Diana in which she talks about the break-up of her marriage and her relations with other members of the British royal family will be shown on the NBC television network in the United States next month, the Daily T
Malaysia is pursuing at least 18 high-profile corruption cases after this week's arrest of two prominent persons, a newspaper said on Saturday, as new Prime Minister Abdullah Badawi gears up for polls.
Iraq's neighbours, gathering here for high-level talks on the post-war situation and its impact on regional security, expressed misgivings Saturday about any possible partition of the war-ravaged country.
Iranian Foreign Minister Kamal Kharrazi, his country accused by Washington of secretly developing nuclear arms, said on Saturday the Islamic Republic was ready to sell nuclear fuel to international buyers.
US and South Korean officials on Saturday failed to wrap up talks on relocating US army bases in South Korea and postponed the signing of a deal until April, a defence ministry spokesman said.
The pro-reform speaker of the Iranian parliament said Saturday he would refuse to accept the mass resignation by 120 reformist deputies, arguing that such a move would paralyse the workings of the incumbent house.
United Nations agencies said Saturday Vietnam's bird flu outbreak, which has killed 14 people in the country, could take years to eradicate, as China reported four new confirmed outbreaks of the disease.
Jordanian authorities have charged four men, including a finance ministry employee, with plotting to carry out "terrorist" attacks against US and Israeli targets in Jordan, newspapers reported Saturday.
Palestinian Prime Minister Ahmed Qurie urged the United States on Saturday not to support a unilateral Israeli proposal to uproot most Jewish settlements from the Gaza Strip.
At least 40 people were injured Saturday when police clashed with demonstrators in an anti-government strike called by Bangladesh's main opposition party, witnesses said.
The United Nations appealed on Friday to the Haitian government and rebels who have staged a week-long revolt to guarantee safe passage to food and medicine deliveries to avert a humanitarian disaster.
Hundreds of Muslims marching in Paris and other French cities Saturday to protest a new law banning Islamic headscarves and other religious insignia in schools threatened to show their discontent by voting against the government in regional elections next
Additional Director, Anti-Corruption Establishment, Multan Region, Syed Masood Ali Shah, on Saturday ordered registration of criminal cases against several government functionaries and private persons on charges of corruption.
Under the Decentralised Education Project (DEP) launched at a cost of Rs 5,880 million, 1,200 primary schools would be upgraded to middle-level within nine years, said Sindh Education Minister Irfanullah Marwat on Saturday.
Poverty reduction is not merely a matter of raising economic growth, says Francois Bourguignon, senior vice president and chief economist at the World Bank, in an interview with Business Standard.
Pakistan International Airlines plans to start direct flights from Pakistan to destinations in the United States after it gets two modern Boeing-777 aircraft by mid-March next.
People belonging to different shades of opinion have highly lauded the government announcement to decrease the prices of the cars and have expressed complete satisfaction.
Twelve new grid stations will be constructed in Karachi as part of Rs 13.6 billion developmental package for Karachi Electric Supply Company (KESC) already announced by the Federal Government.
Minister in-charge of Science and Technology and Chairman Higher Education Commission Dr Atta-ur-Rehman has said that the government is committed to close down all substandard universities which have mushroomed at the cost of quality of education.
I fully endorse the views expressed by Imran Rashid in his letter published in your esteemed column late last month on the bonus and dividend declared by the Adamjee Insurance Company.
I have read a letter published on February 13, 2004 written by Mohammad Yameen regarding tooth paste a health risk and agree with the contents of the letter.
One would like to refer to the front-paged news item on January 27 captioned 'Nuke proliferation probe progressing well'. Information Minister, Sheikh Rashid's substitution of the so-far used expression 'debriefing' with the word investigation comes as a
A 1997 peace accord that brought radical Islamic guerrillas into Tajikistan's government, seen as a model for volatile Central Asia, is faltering as former warlords complain at being pushed out of power.
Shiite pilgrims carrying bottles or jugs swarm noisily through a narrow passageway to a modest yellow-brick house in the Iraqi town of Kufa, the site of Hazrat Ali's well.
When American universities had initiated the degree programmes in business administration, the Europeans strongly opposed the idea with the views that the rules of business cannot be taught in academia; they can be learned in practice only.
President General Pervez Musharraf continues to reiterate, and rightly so, that the government's efforts to "root out extremism and all kinds of terrorism from Pakistan's soil will continue," and that the country would not allow its soil to be used for an
The Union of Small & Medium Enterprises (Unisame), Karachi, has rightly expressed concern over the possibility of exclusion of its members from the proposed Textile City project.
Ahsraf W Tabani, President of Employers' Federation of Pakistan, has expressed deep sorrow and grief over the sad and sudden demise of Abdul Sattar Lalika, Minister for Labour, Manpower & Overseas Pakistanis.
Pakistan Tourism Development Corporation (PTDC) will arrange visits of the country's tour operators to China for promoting tourism related activities between the two countries, Managing Director PTDC Malik Mohammad Habib Khan said on Saturday.
Pakistan Industrial & Traders Associations Front (Piaf) has expressed its concern over what it said insufficient arrangements of fire fighting in the shopping centres and industrial areas of the city.
Former president of the London Chamber of Commerce and Industry and in UK Noon Group Chairman Sir Gulam Noon has called upon India and Pakistan to put an end to rat race of weaponisation so as to jointly counter the issues of poverty and illiteracy.
Three full benches, including the first bench to be presided over by Chief Justice Nazim Hussain Siddiqui will work here on Monday and Tuesday while two full and one division bench will function for the remaining three days of next week.
On the recommendation of the Sindh Public Services Commission (SPSC) and with the approval of the appointing authority (Law Minister), as many as 38 candidates have been appointed as Deputy District Attorneys (BPS-17) in the Solicitor's Department, Govern
The Export Promotion Bureau (EPB) has extended the last date for submission of 2003 export documents for issuance of export visa/licences and authentication of other quota transactions, including transfer deeds to February 21.
The Lahore High Court Bar Association (LHCBA), while appreciating the struggle of the Alliance for Restoration of Democracy (ARD), has announced all-out support in its 'Musharraf Hatao-Pakistan Bachao' campaign.
The Jinnah Medical and Dental College (JMDC) has announced the appointment of Dr Azhar Hussain as the dean and member, Board of Governors of the prestigious institution.
With a vast network of branches, Askari Commercial Bank Limited (ACBL) which is a matured bank is in a position to take over the Allied Bank Limited (ABL), which was for the sale by the State Bank of Pakistan (SBP).
The fourth meeting of heads of National Statistical Organisations (NSOs) of OIC member countries, inaugurated by federal secretary, Statistics Division, Pakistan, was held here from February 11 to 13, on the theme of 'capacity building'.
As many as 12 division benches and 27 single benches will work at the principal seat of the Lahore High Court (LHC) during the week commencing from Monday (February 16).