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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-03-04
Indonesia sees cocoa output up as it fights pests

Indonesia sees cocoa output up as it fights pests

Indonesia expects to increase cocoa production to 420,000 tonnes in 2004, compared to 386,000 tonnes last year, as it battles a pod borer infestation, a cocoa association official said on Wednesday.
Published 04 Mar, 2004 12:00am
Tehran court orders US to pay $1.2 billion in damages

Tehran court orders US to pay $1.2 billion in damages

A Tehran court has ordered the United States government to pay $1.2 billion in damages in connection with the military actions against the Islamic republic in the 1980s, a report said on Wednesday.
Published 04 Mar, 2004 12:00am
Brazilian scientists develop new GMO soyabean

Brazilian scientists develop new GMO soyabean

Brazil's crop research agency Embrapa has developed a new genetically modified soyabean, which if approved for sale could end Monsanto's monopoly in the country, scientists said on Wednesday.
Published 04 Mar, 2004 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Equities continued to show positive signs on the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings amid the increase in index.
Published 04 Mar, 2004 12:00am
FOB Gulf corn and soyabean mostly steady

FOB Gulf corn and soyabean mostly steady

US FOB Gulf corn and soyabean basis offers were mostly steady on Tuesday, with dealers hoping for export demand to pick up following a sharp fall in CBOT futures.
Published 04 Mar, 2004 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Equities continued to show positive signs on the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings amid the increase in index.
Published 04 Mar, 2004 12:00am
Pakistan's palm oil prices stable, importers seen active

Pakistan's palm oil prices stable, importers seen active

Pakistan's palm oil prices were firm during the past week on good domestic demand and dealers said on Wednesday the market was expected to remain stable in weeks ahead as importers were making spot deals.
Published 04 Mar, 2004 12:00am
Pak-Yemen JMC inks three agreements

Pak-Yemen JMC inks three agreements

Pakistan and Yemen have signed three agreements on the conclusion of two-day Joint Ministerial Commission meeting. These relate to bilateral trade, health and avoidance of double taxation.
Published 04 Mar, 2004 12:00am
Oil cake market rates

Oil cake market rates

The March vaida opened at Rs 433 and was highest at Rs 434.50. Later in depressed trading it was lowest at Rs 433 and closing was seen at Rs 434.
Published 04 Mar, 2004 12:00am
Pak-Yemen JMC inks three agreements

Pak-Yemen JMC inks three agreements

Pakistan and Yemen have signed three agreements on the conclusion of two-day Joint Ministerial Commission meeting. These relate to bilateral trade, health and avoidance of double taxation.
Published 04 Mar, 2004 12:00am
Modest trading witnessed on cotton market

Modest trading witnessed on cotton market

Some modest trading was noted on the cotton market on Wednesday as prices turned vulnerable, but spinners preferred to stay away to press for further erosion in rates, relevant sources said.
Published 04 Mar, 2004 12:00am
Steel-based units facing closure

Steel-based units facing closure

Pakistan is quickly heading towards a situation wherein it may be left with no source of supply of scrap (raw material for steel industry). A much visible crisis may leave many industries redundant, reducing the viability of some others in the days to com
Published 04 Mar, 2004 12:00am
Syria to sell durum and soft wheat

Syria to sell durum and soft wheat

Syria's state grains agency issued two tenders on Wednesday to sell and export 50,000 tonnes of hard amber durum wheat and 25,000 tonnes of soft wheat, an agency official said.
Published 04 Mar, 2004 12:00am
Steel-based units facing closure

Steel-based units facing closure

Pakistan is quickly heading towards a situation wherein it may be left with no source of supply of scrap (raw material for steel industry). A much visible crisis may leave many industries redundant, reducing the viability of some others in the days to com
Published 04 Mar, 2004 12:00am
Rapeseed lower on grain market

Rapeseed lower on grain market

Gram varieties underwent variations on the seed and grain wholesale markets, when market reopened after Muharram holidays on Wednesday (March 3, 2004).
Published 04 Mar, 2004 12:00am
Task force proposes cut in power tariff

Task force proposes cut in power tariff

Federal Minister for Water & Power Aftab Ahmed Khan Sherpao has said that the task force on electricity tariff in its final report has recommended major rationalisation in electricity tariff particularly for the benefit of domestic consumers.
Published 04 Mar, 2004 12:00am
Task force proposes cut in power tariff

Task force proposes cut in power tariff

Federal Minister for Water & Power Aftab Ahmed Khan Sherpao has said that the task force on electricity tariff in its final report has recommended major rationalisation in electricity tariff particularly for the benefit of domestic consumers.
Published 04 Mar, 2004 12:00am
NYBOT raises cotton margins

NYBOT raises cotton margins

The New York Board of Trade said on Monday that it will raise the margin requirements on exchange traded cotton contracts and lowered cocoa margins, effective at the start of business on March 3.
Published 04 Mar, 2004 12:00am
'Made in Pakistan' show opens at Delhi

'Made in Pakistan' show opens at Delhi

The first-ever single-country 'Made in Pakistan' Exhibition, showcasing Pak products was inaugurated here on Wednesday by Indian Minister of Disinvestment, Information Technology and Communications Arun Shourie.
Published 04 Mar, 2004 12:00am
LME fluctuates, most metals end lower

LME fluctuates, most metals end lower

Base metals gyrated throughout on Tuesday amid London Metal Exchange (LME) trading, with most prices ending softer after profit-taking and liquidation, traders said.
Published 04 Mar, 2004 12:00am
'Made in Pakistan' show opens at Delhi

'Made in Pakistan' show opens at Delhi

The first-ever single-country 'Made in Pakistan' Exhibition, showcasing Pak products was inaugurated here on Wednesday by Indian Minister of Disinvestment, Information Technology and Communications Arun Shourie.
Published 04 Mar, 2004 12:00am
New York cotton dips

New York cotton dips

NYCE cotton futures closed with steep losses on Tuesday, as small speculators and locals grabbed fast profits following the precipitous gains of late last week, traders said.
Published 04 Mar, 2004 12:00am
Bottlenecks in rice export to be removed, says Jamali

Bottlenecks in rice export to be removed, says Jamali

Prime Minister Mir Zafarullah Khan Jamali said on Wednesday that the government will remove bottlenecks in the export of valuable cash crop of rice, besides, providing all facilities such as development of new varieties of rice and improvements in Basmati
Published 04 Mar, 2004 12:00am
Platinum recoils from new peak

Platinum recoils from new peak

Platinum tracked backed in Europe on Tuesday after speculators had pushed it to a new 24-year peak in Asian trade, but dealers said that the metal's bull run was far from over.
Published 04 Mar, 2004 12:00am
Bottlenecks in rice export to be removed, says Jamali

Bottlenecks in rice export to be removed, says Jamali

Prime Minister Mir Zafarullah Khan Jamali said on Wednesday that the government will remove bottlenecks in the export of valuable cash crop of rice, besides, providing all facilities such as development of new varieties of rice and improvements in Basmati
Published 04 Mar, 2004 12:00am
Oil slips but may bounce on expected stocks draw

Oil slips but may bounce on expected stocks draw

Oil prices edged down on Wednesday as Venezuela said oil operations were unaffected by violent anti-government protests, but dealers said the market could rebound strongly on fresh US stocks data.
Published 04 Mar, 2004 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both the ways and remained range bound on the Lahore Stock Exchange (LSE), however institutional support helped index to close in positive column.
Published 04 Mar, 2004 12:00am
US grain exports not hurt by railcar shortage: USDA

US grain exports not hurt by railcar shortage: USDA

Despite some railcar shortages in Northern Plains states in recent months, there have been few delays in transporting US grain bound for export markets, the US Agriculture Department said on Monday.
Published 04 Mar, 2004 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both the ways and remained range bound on the Lahore Stock Exchange (LSE), however institutional support helped index to close in positive column.
Published 04 Mar, 2004 12:00am
European tin premiums rise on supply squeeze

European tin premiums rise on supply squeeze

Spot premiums for tin in Europe increased by $20 to $220-240 a tonne basis in warehouse Rotterdam in the past few weeks in line with a rising backwardation on the London Metal Exchange (LME), traders said on Tuesday.
Published 04 Mar, 2004 12:00am
Gas sector helps KSE index post gains

Gas sector helps KSE index post gains

Renewed buying in gas companies on Wednesday helped the share market to post fresh gains, but interest from genuine investors was somber reducing the daily volume as compared to last trading session.
Published 04 Mar, 2004 12:00am
EU finalises figures for 2004-05 sugar carryover

EU finalises figures for 2004-05 sugar carryover

The European Commission has started to compile data needed to determine the EU's carryover of "C" sugar stocks in 2004/05 and may discuss draft figures with EU member states this week, officials said on Tuesday.
Published 04 Mar, 2004 12:00am
Gas sector helps KSE index post gains

Gas sector helps KSE index post gains

Renewed buying in gas companies on Wednesday helped the share market to post fresh gains, but interest from genuine investors was somber reducing the daily volume as compared to last trading session.
Published 04 Mar, 2004 12:00am
Egypt buys 300,000 tonnes of US and Australian wheat

Egypt buys 300,000 tonnes of US and Australian wheat

Egypt's main official wheat buyer said on Tuesday he had bought 300,000 tonnes of US and Australian wheat for April 1-10 shipment, sticking with the two suppliers that he has favoured this marketing year.
Published 04 Mar, 2004 12:00am
SBP raises Rs 18.45 billion from treasury bills sale

SBP raises Rs 18.45 billion from treasury bills sale

The State Bank on Wednesday raised over Rs 18 billion through the auction of Treasury Bills, but the outflow could not ease the pressure of surplus liquidity in money market.
Published 04 Mar, 2004 12:00am
German coffee imports fall

German coffee imports fall

Germany's December 2003 net green coffee imports fell to 574,875 bags from 1,521,640 bags in November 2003 and 1,026,127 bags in December 2002, German coffee industry association DKV said on Tuesday.
Published 04 Mar, 2004 12:00am
SBP raises Rs 18.45 billion from treasury bills sale

SBP raises Rs 18.45 billion from treasury bills sale

The State Bank on Wednesday raised over Rs 18 billion through the auction of Treasury Bills, but the outflow could not ease the pressure of surplus liquidity in money market.
Published 04 Mar, 2004 12:00am
China cancels soyaoil, sends price signal: traders

China cancels soyaoil, sends price signal: traders

US grains exporters said on Tuesday that China has cancelled three cargoes of soyaoil purchased from Argentina, in a possible signal to the red-hot market that soya prices need to correct lower from multiyear highs.
Published 04 Mar, 2004 12:00am
SBP raises Rs 18.45 billion from treasury bills sale

SBP raises Rs 18.45 billion from treasury bills sale

The State Bank on Wednesday raised over Rs 18 billion through the auction of Treasury Bills, but the outflow could not ease the pressure of surplus liquidity in money market.
Published 04 Mar, 2004 12:00am
Korean grain: soyabean and wheat sought; others seen quiet

Korean grain: soyabean and wheat sought; others seen quiet

Some South Korean importers are planning tenders for milling wheat and soyabeans this week, but feed makers are keeping to the sidelines discouraged by firm Chicago Board of Trade grain prices, traders said on Tuesday.
Published 04 Mar, 2004 12:00am
Islamabad to get $600 million US economic and security aid

Islamabad to get $600 million US economic and security aid

US Assistant Secretary of State for South Asian Affairs Christina Rocca has confirmed $300 million economic aid and $300 million as security assistance for Pakistan during the coming US fiscal year (October 2004-September 2005).
Published 04 Mar, 2004 12:00am
Malaysian tin rebounds

Malaysian tin rebounds

Malaysian tin rebounded on Wednesday, breaching the $7,000 a tonne barrier on the back of overnight gains on the London Metal Exchange (LME).
Published 04 Mar, 2004 12:00am
Islamabad to get $600 million US economic and security aid

Islamabad to get $600 million US economic and security aid

US Assistant Secretary of State for South Asian Affairs Christina Rocca has confirmed $300 million economic aid and $300 million as security assistance for Pakistan during the coming US fiscal year (October 2004-September 2005).
Published 04 Mar, 2004 12:00am
Shanghai copper drifts lower, LME loses steam

Shanghai copper drifts lower, LME loses steam

Shanghai copper fell on Wednesday as investors cashed in profits after a three-day rising streak, disappointed that the London Metal Exchange failed to hold above $3,000 a tonne, traders said.
Published 04 Mar, 2004 12:00am
Curfew imposed after 50 killed in Quetta

Curfew imposed after 50 killed in Quetta

An Ashura procession in Quetta on Tuesday was attacked by gunmen and a suicide bomber, triggering chaotic shoot-outs and mob rampages, left almost 50 Shia dead and 150 injured.
Published 04 Mar, 2004 12:00am
Tokyo platinum rebounds sharply

Tokyo platinum rebounds sharply

Tokyo platinum futures rebounded sharply on Wednesday on massive bargain-hunting backed by healthy fundamentals after plunging more than five percent since hitting a 16-year high the day before, traders said.
Published 04 Mar, 2004 12:00am
Curfew imposed after 50 killed in Quetta

Curfew imposed after 50 killed in Quetta

An Ashura procession in Quetta on Tuesday was attacked by gunmen and a suicide bomber, triggering chaotic shoot-outs and mob rampages, left almost 50 Shia dead and 150 injured.
Published 04 Mar, 2004 12:00am
New York copper hit by profit-taking, ends easier

New York copper hit by profit-taking, ends easier

Comex copper prices closed lower on Tuesday as players cashed in on gains from Monday's rally to 8-1/4-year highs, with a stronger dollar and easier London copper also pressuring futures, dealers said.
Published 04 Mar, 2004 12:00am
271 killed in Baghdad and Kerbala blasts

271 killed in Baghdad and Kerbala blasts

The head of Iraq's Governing Council said on Wednesday that the death toll from attacks on Shia shrines in Baghdad and Kerbala on Tuesday had risen to 271.
Published 04 Mar, 2004 12:00am
Overbought New York precious metals hit by profit-taking

Overbought New York precious metals hit by profit-taking

Platinum and silver recoiled from their highs amid heavy profit-taking on Tuesday. Gold fell too as the dollar firmed but it lagged the other metals just like it did during on Monday's precious metals buying spree.
Published 04 Mar, 2004 12:00am
271 killed in Baghdad and Kerbala blasts

271 killed in Baghdad and Kerbala blasts

The head of Iraq's Governing Council said on Wednesday that the death toll from attacks on Shia shrines in Baghdad and Kerbala on Tuesday had risen to 271.
Published 04 Mar, 2004 12:00am
Gold and platinum extend falls in Asian markets

Gold and platinum extend falls in Asian markets

Gold, silver and platinum were softer in Asia on Wednesday, weighed down by long liquidation in New York's Comex market as funds reacted to the dollar's strong gains against the euro.
Published 04 Mar, 2004 12:00am
Jack Straw arrives

Jack Straw arrives

British Foreign Secretary Jack Straw arrived here on a two-day visit for talks with Pakistani leaders on wide-ranging issues including bilateral relations, regional and global issues, counter-terrorism and nuclear non-proliferation.
Published 04 Mar, 2004 12:00am
Oil slips in Asia

Oil slips in Asia

Oil prices edged down on Wednesday as Venezuela said oil operations were unaffected by violent anti-government protests, but dealers said the market could rebound strongly on fresh US stocks data.
Published 04 Mar, 2004 12:00am
Jack Straw arrives

Jack Straw arrives

British Foreign Secretary Jack Straw arrived here on a two-day visit for talks with Pakistani leaders on wide-ranging issues including bilateral relations, regional and global issues, counter-terrorism and nuclear non-proliferation.
Published 04 Mar, 2004 12:00am
India raises base import price of crude soyaoil

India raises base import price of crude soyaoil

India, the world's largest edible oil importer, raised the base import price of crude soyabean oil on Wednesday, a move traders said would firm up domestic edible oil prices.
Published 04 Mar, 2004 12:00am
China begins importing rice

China begins importing rice

China, the world's most populous country, has started buying rice from Vietnam and Thailand, raising the possibility of it becoming a net importer this year due to declining stocks after years of short crops.
Published 04 Mar, 2004 12:00am
CBOT rice ends mixed after fresh 5-1/2-year top

CBOT rice ends mixed after fresh 5-1/2-year top

Chicago Board of Trade rough rice ended mixed on Tuesday on profit-taking and following a sharp downturn in neighbouring soyabeans, after March set 5-1/2 year top on speculative buying, brokers said.
Published 04 Mar, 2004 12:00am
Thai rubber prices seen rising

Thai rubber prices seen rising

Thai rubber prices have declined in quiet trade this week, but they are likely to rise in the next few days on expectations of tighter supplies, traders said on Wednesday.
Published 04 Mar, 2004 12:00am
Soya lower after setting 15-1/2-year high

Soya lower after setting 15-1/2-year high

Chicago Board of Trade soyabean futures ended sharply lower on Tuesday on rumours China had cancelled soyaoil purchases and that soyaoil could be imported into the United States, reversing rally that took the market to new 15-1/2 year highs, traders said.
Published 04 Mar, 2004 12:00am
Tokyo rubber mixed

Tokyo rubber mixed

Tokyo rubber futures closed mixed on Wednesday, with the benchmark contract easing on profit taking by fund operators.
Published 04 Mar, 2004 12:00am
Kenyan tea prices edge lower on high auction volume

Kenyan tea prices edge lower on high auction volume

Prices of tea fell at Kenya's weekly auction, weighed down by low quality and oversupply but traders said on Tuesday prices could recover in coming weeks as output would drop off following dry weather in growing areas.
Published 04 Mar, 2004 12:00am
Palm oil prices to rise $40 tonnes

Palm oil prices to rise $40 tonnes

Palm oil could rise by $40 a tonne in March as demand rises because of its attractive price compared to other edible oils, Hamburg-based newsletter Oil World said.
Published 04 Mar, 2004 12:00am
Malaysian palm oil ends mixed after Indian move

Malaysian palm oil ends mixed after Indian move

Malaysian crude palm oil (CPO) futures rebounded from early losses to close mixed on Wednesday, helped by news that India has raised the base import price of rival crude soybean oil.
Published 04 Mar, 2004 12:00am
Liffe cocoa falls

Liffe cocoa falls

Liffe cocoa futures fell on Wednesday as speculators placed offers in a vacuum and triggered sell-stops, pushing the market through support, dealers said.
Published 04 Mar, 2004 12:00am
China to buy three million tonnes US wheat

China to buy three million tonnes US wheat

China's state trading enterprise COFCO will sign a memorandum of understanding on Thursday to buy 3 million tonnes of US wheat in the 2004/05 season, US Wheat Associates said on Wednesday.
Published 04 Mar, 2004 12:00am
Ivory Coast seeks to eradicate cocoa child labour

Ivory Coast seeks to eradicate cocoa child labour

The world's top cocoa producer, Ivory Coast, is battling to persuade chocolate makers that child labour is not used on its plantations in a push to win greater acceptance of its products in the United States and Europe.
Published 04 Mar, 2004 12:00am
World oil prices sink after US crude stocks build

World oil prices sink after US crude stocks build

High-flying oil prices sank on Wednesday as a build in tight US crude inventories spurred a rash of profit-taking from crude's fierce recent rally to pre-Iraq war highs.
Published 04 Mar, 2004 12:00am
London coffee futures down

London coffee futures down

London coffee futures weakened on Wednesday as speculators and funds pushed the market lower and eventually broke the support barrier that had kept the market in a narrow range for two weeks, dealers said.
Published 04 Mar, 2004 12:00am
London sugar futures down

London sugar futures down

London sugar futures ended down on Wednesday after moderate trade, and the market could continue its southward trend on Thursday unless funds come back in, dealers said.
Published 04 Mar, 2004 12:00am
New York cotton closes mixed

New York cotton closes mixed

NYCE cotton futures finished mixed Wednesday, with light speculative selling in nearby months offset by trade buying in all the market's contracts, analysts said.
Published 04 Mar, 2004 12:00am
Gold market on alert for new sales pact

Gold market on alert for new sales pact

Central banks may soon renew a pact limiting official gold sales ahead of its September expiry, with an announcement possibly coming this week, analysts said on Wednesday.
Published 04 Mar, 2004 12:00am
European gold grapples with support as dollar jumps

European gold grapples with support as dollar jumps

Gold prices fell in Europe on Wednesday and the market struggled to stay above key support at $390.00 an ounce as the dollar struck its highest level so far this year against the euro.
Published 04 Mar, 2004 12:00am
LME drifts down, unnerved by copper liquidation

LME drifts down, unnerved by copper liquidation

Currency-related selling and profit-taking put prices under pressure on the London Metal Exchange (LME) in Wednesday's open outcry business, but dealers said fund-related sales were being mopped up by trade buying.
Published 04 Mar, 2004 12:00am
US MIDDAY: sugar settles easier

US MIDDAY: sugar settles easier

CSCE raw sugar futures ended weakly Wednesday on steady speculative sales, with the sweetener tipped to slip lower as investors go short in the market, brokers said.
Published 04 Mar, 2004 12:00am
US MIDDAY: wheat futures lower

US MIDDAY: wheat futures lower

Technical selling that spilled over from Tuesday's session and export concerns pressed Chicago Board of Trade wheat futures lower in early dealings on Wednesday, traders said.
Published 04 Mar, 2004 12:00am
US MIDDAY: corn futures firmer

US MIDDAY: corn futures firmer

Corn futures at the Chicago Board of Trade turned firm early Wednesday, following the rally in the neighbouring soybean pit, traders said.
Published 04 Mar, 2004 12:00am
US MIDDAY: soya futures mixed

US MIDDAY: soya futures mixed

Chicago Board of Trade soya futures were mixed on Wednesday, with nearby contracts partially retracing Tuesday's losses, buoyed by forecasts for harvest-slowing rain in Brazil's northern soya belt, traders said.
Published 04 Mar, 2004 12:00am
US MIDDAY: copper future plunges

US MIDDAY: copper future plunges

COMEX copper futures plunged more than 6 percent by mid-session on Wednesday, punished for the second straight session by a stronger US dollar and traders cashing in after the recent rally in base metals.
Published 04 Mar, 2004 12:00am
US MIDDAY: gold soft, silver up

US MIDDAY: gold soft, silver up

COMEX gold plumbed a 15-week low near $390 an ounce early Wednesday as the dollar surged, while hedge funds jumped back in to buy silver betting that the price differential with gold would contract further.
Published 04 Mar, 2004 12:00am
International Credit Bureau moot on March 11

International Credit Bureau moot on March 11

The Standard Chartered Bank, in co-operation with the Ministry of Finance and Economy of the Republic of Korea, will hold the International Credit Bureau 2004 in Seoul on March 11, 2004, as a continuance of its efforts and vision to promote comprehensive
Published 04 Mar, 2004 12:00am
Turkey agrees with IMF to cover up financing gap

Turkey agrees with IMF to cover up financing gap

Turkey has reached an accord with the International Monetary Fund (IMF) on a package of measures to cover a 7,000 trillion lira ($5.3 billion) financing gap, government officials said on Wednesday.
Published 04 Mar, 2004 12:00am
Shell bosses quit over reserves shock

Shell bosses quit over reserves shock

The Royal Dutch/Shell Group's two top executives quit on Wednesday two months after they slashed the company's estimated oil and gas reserves.
Published 04 Mar, 2004 12:00am
China issues deadline for state bank reform

China issues deadline for state bank reform

Chinese Premier Wen Jiabao has ordered state-owned China Construction Bank and Bank of China to ensure they meet reform targets meant to transform them into true commercial institutions within three years, reports said Wednesday.
Published 04 Mar, 2004 12:00am
Former WorldCom chief executive surrenders

Former WorldCom chief executive surrenders

Former WorldCom Inc Chief Executive Bernard Ebbers surrendered to federal authorities in New York on Wednesday, a day after the government charged him with orchestrating the largest ever US accounting fraud.
Published 04 Mar, 2004 12:00am
US services in high gear, jobs subdued

US services in high gear, jobs subdued

The US services sector grew robustly in February but the expansion slowed from the prior month's record, an industry survey showed on Wednesday.
Published 04 Mar, 2004 12:00am
Mizuho to pay back $4.5 billion in public funds

Mizuho to pay back $4.5 billion in public funds

Japan's Mizuho Financial Group will pay back 500 billion yen (4.5 billion dollars) in public funds, the largest amount ever to be returned by a bank, a report said Wednesday.
Published 04 Mar, 2004 12:00am
Mizuho to pay back $4.5 billion in public funds

Mizuho to pay back $4.5 billion in public funds

Japan's Mizuho Financial Group will pay back 500 billion yen (4.5 billion dollars) in public funds, the largest amount ever to be returned by a bank, a report said Wednesday.
Published 04 Mar, 2004 12:00am
Opec production falls

Opec production falls

Opec oil production fell slightly in February but high prices deterred members from reining in much supply despite a mid-month pledge to eliminate overproduction, a Reuters survey released on Tuesday found.
Published 04 Mar, 2004 12:00am
China dismisses Greenspan warning

China dismisses Greenspan warning

China Wednesday dismissed warnings by US Federal Reserve chairman Alan Greenspan that it faces grave economic consequences if it continues to pile up massive US dollar holdings as it defends the pegged yuan system.
Published 04 Mar, 2004 12:00am
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