Brazil's unemployment rate rose for the third month in a row in March to a higher-than-expected 12.8 percent, the state-run Brazilian Institute of Geography and Statistics (IBGE) said on Tuesday.
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
Bearish trend returned to the Lahore Stock Exchange (LSE) where equities eroded values mainly on account of profit taking and lacking buying interest on the part of investors, amid selling pressure on Tuesday.
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
Bearish trend returned to the Lahore Stock Exchange (LSE) where equities eroded values mainly on account of profit taking and lacking buying interest on the part of investors, amid selling pressure on Tuesday.
Iran's national car, the Paykan, is to finally stop rolling off the production line before March 2005, bringing to an end nearly four decades of dubious service to the country's environment.
Egypt's state Holding Company for Food Industries (HCFI) said on Tuesday it was seeking 15,000 tonnes of Malaysian or Indonesian sunoil and 7,500 tonnes of palm stern to arrive in the first half of June.
CSCE cocoa futures in New York finished firmer on Monday, hitting a two-week high on fund short-covering after on Friday's Commitments of Traders (COT) report showed a greater net short position held by the funds, traders said.
CSCE coffee futures finished on Monday with moderate gains on light roaster buying, but volume remained exceptionally light with many players still skittish after last on Wednesday's sharp selloff, traders said.
The Formation Commanders Conference, with President General Pervez Musharraf in the chair, continued at the General Headquarters for the second day on Tuesday.
AWB Ltd has increased its new crop estimated wheat export pool returns by A$5 (US$3.65) a tonne because of good hedging opportunities and a softening Australian dollar.
The Formation Commanders Conference, with President General Pervez Musharraf in the chair, continued at the General Headquarters for the second day on Tuesday.
UK farmers have little to fear and much to gain from a new enlarged European Union of 25 countries, the country's National Farmers' Union (NFU) said in a report on Tuesday.
Business Recorder understands that Warid Telecom on Tuesday agreed to deposit 25 percent of the bid amount for a mobile licence within 10 working days from April 27 and make a further deposit of another 25 percent within 40 days thereof, in respons
A preliminary World Trade Organisation (WTO) ruling in a dispute between Brazil and the United States over cotton subsidies, the first ever challenge to the domestic farm policy of a rich state, is expected on Monday.
Business Recorder understands that Warid Telecom on Tuesday agreed to deposit 25 percent of the bid amount for a mobile licence within 10 working days from April 27 and make a further deposit of another 25 percent within 40 days thereof, in respons
Australia, the third largest raw sugar exporter in the world, was set to boost 2004 production by about five percent to around 5.3 million tonnes, industry sources told Reuters on Tuesday.
Business Recorder understands that Warid Telecom on Tuesday agreed to deposit 25 percent of the bid amount for a mobile licence within 10 working days from April 27 and make a further deposit of another 25 percent within 40 days thereof, in respons
Sound fundamentals will limit the potential downside for platinum prices after the precious metal's value fell more than 10 percent in the last two weeks, dealers said on Tuesday.
Some wheat industry experts were estimating Oklahoma could produce a healthy 165 million bushels of hard red winter wheat this year, lower than last year's crop, but well above the previous two seasons, state wheat commission officials said on Monday.
Iran has sealed a gas export deal with the United Arab Emirates, senior Tehran officials said on Tuesday but they differed on the volume to be shipped per day.
Erratic and nervous moves have been witnessed in the inter-bank bond market after the announcement of ''Jumbo'' issue of Rs 40 billion Pakistan investment bonds in 3 years, 5 years and 10 years.
The Group of Seven club of rich powers should lose its place as the lead authority on the global economy to the broader G20 grouping, which includes the world's biggest developing nations, a former World Bank official said.
Erratic and nervous moves have been witnessed in the inter-bank bond market after the announcement of 'Jumbo' issue of Rs 40 billion Pakistan investment bonds in 3 years, 5 years and 10 years.
Giant British oil firm BP reported an increase in profit towards the top end of expectations on Tuesday and said it would sell or float half of its chemicals business to focus on more profitable activities.
Erratic and nervous moves have been witnessed in the inter-bank bond market after the announcement of 'Jumbo' issue of Rs 40 billion Pakistan investment bonds in 3 years, 5 years and 10 years.
Giant British oil firm BP reported an increase in profit towards the top end of expectations on Tuesday and said it would sell or float half of its chemicals business to focus on more profitable activities.
Erratic movement in share prices at the Karachi Stock Exchange on Tuesday scared away seasoned investors as the index moved like pendulum where minus signs dominated the proceedings.
US consumer confidence climbed unexpectedly in April, driven primarily by increased faith in a recovery in employment, a report published on Tuesday said.
Erratic movement in share prices at the Karachi Stock Exchange on Tuesday scared away seasoned investors as the index moved like pendulum where minus signs dominated the proceedings.
European Central Bank President Jean-Claude Trichet rebuffed pressure to cut interest rates, expressing confidence on Tuesday that the eurozone is on track for a gradual and modest recovery with inflation in check.
Federal Reserve Chairman Alan Greenspan said on Tuesday the likelihood of persistently high energy prices would likely help keep US energy use in check and influence energy-related business investments.
No 1 US defence contractor Lockheed Martin Corp on Tuesday posted a 16-percent rise in first-quarter profit and raised its 2004 outlook on soaring demand for its combat aircraft and government information technology services.
Pakistan State Oil Ltd declared a second interim dividend of 30 percent, totalling to 100 percent in the nine months ended on March 31, despite decline in furnace oil sales as some of the consumers used gas and coal because of rise in oil prices.
No 1 US defence contractor Lockheed Martin Corp on Tuesday posted a 16-percent rise in first-quarter profit and raised its 2004 outlook on soaring demand for its combat aircraft and government information technology services.
Pakistan State Oil Ltd declared a second interim dividend of 30 percent, totalling to 100 percent in the nine months ended on March 31, despite decline in furnace oil sales as some of the consumers used gas and coal because of rise in oil prices.
Brazil's emphatic win over the United States in a key trade ruling over cotton will send shock waves through world trade talks and embolden those demanding all farm subsidies be slashed, analysts said on Tuesday.
Pakistan State Oil Ltd declared a second interim dividend of 30 percent, totalling to 100 percent in the nine months ended on March 31, despite decline in furnace oil sales as some of the consumers used gas and coal because of rise in oil prices.
Credit Suisse unveiled a huge but largely expected drop in 2003 profits on Tuesday as it restated past earnings in a switch from Swiss to US accounting rules which will make it more comparable with key rivals.
The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, including Public Debt Offices will remain closed on Saturday, May 1, 2004, being public holiday declared by the government on account of Labour Day.
Credit Suisse unveiled a huge but largely expected drop in 2003 profits on Tuesday as it restated past earnings in a switch from Swiss to US accounting rules which will make it more comparable with key rivals.
The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, including Public Debt Offices will remain closed on Saturday, May 1, 2004, being public holiday declared by the government on account of Labour Day.
Russia agreed on Tuesday that its co-operation deal with European Union states would cover the bloc's 10 new members too, averting a potential crisis just four days before the EU's historic eastward expansion.
Poland held interest rates steady on Tuesday but adopted a "tightening" policy bias in a signal the European Union newcomer's central bank was ready to hike rates in response to burgeoning economic growth.
French growth was brisker than initially believed in the last few months of 2003, with consumer spending and company investment bolstering hopes for a sustained acceleration in the second biggest eurozone economy.
Israeli Prime Minister Ariel Sharon said on Tuesday that the internationally backed "roadmap" peace blueprint that sought to create an independent Palestinian state by 2005 was dead.
Germany's six leading economic institutes on Tuesday lowered their forecasts for growth this year and predicted the economy would expand too slowly to stop Berlin busting European Union budget rules again next year.
The Monopoly Control Authority (MCA) has begun the process of reviewing the Monopolies and Restrictive Trade Practices (Control and Preventive) Ordinance (MRTPO), 1970 and revamping of the institutional framework.
An Italian judge has ordered that dozens of executives including managers from bank Capitalia go on trial on charges they had a role in the collapse of a real estate and hotel group, Capitalia said on Tuesday.
The Monopoly Control Authority (MCA) has begun the process of reviewing the Monopolies and Restrictive Trade Practices (Control and Preventive) Ordinance (MRTPO), 1970 and revamping of the institutional framework.
DuPont Co's quarterly profit rose 25 percent on higher sales of chemicals used in wiring and computer components, the No 2 US chemicals maker said on Tuesday.
The State Bank of Pakistan has advised banks and development finance institutions (DFIs) not to enter into agreements with the wilful defaulters whose cases are pending with the National Accountability Bureau (NAB).
DuPont Co's quarterly profit rose 25 percent on higher sales of chemicals used in wiring and computer components, the No 2 US chemicals maker said on Tuesday.
The State Bank of Pakistan has advised banks and development finance institutions (DFIs) not to enter into agreements with the wilful defaulters whose cases are pending with the National Accountability Bureau (NAB).
US regulators have warned Johnson & Johnson unit Janssen Pharmaceutica that a letter sent to doctors about its Risperdal drug to treat schizophrenia and bipolar mania is misleading.
US aircraft and tanks blasted targets in the Iraqi city of Falluja on Tuesday, just hours after an American deadline expired for rebels to hand over their heavy weapons, witnesses said.
Verizon Communications Inc, the largest US telephone company, on Tuesday reported lower first-quarter earnings as pension and employee costs increased.
US aircraft and tanks blasted targets in the Iraqi city of Falluja on Tuesday, just hours after an American deadline expired for rebels to hand over their heavy weapons, witnesses said.
Verizon Communications Inc, the largest US telephone company, on Tuesday reported lower first-quarter earnings as pension and employee costs increased.
US Airways Group Inc, a year after exiting bankruptcy protection, on Tuesday reported a quarterly loss and said its results underscore the need for further changes in its business.
US Airways Group Inc, a year after exiting bankruptcy protection, on Tuesday reported a quarterly loss and said its results underscore the need for further changes in its business.
The Netherlands' biggest bank, ABN Amro, is seen reporting a 15 percent leap in quarterly earnings, buoyed by a fall in risk provisions and a profit from its once loss-making wholesale business.
The Netherlands' biggest bank, ABN Amro, is seen reporting a 15 percent leap in quarterly earnings, buoyed by a fall in risk provisions and a profit from its once loss-making wholesale business.
ImClone Systems Inc on Tuesday posted its first quarterly profit in nearly 10 years, and said initial sales of its much anticipated cancer drug Erbitux were higher than expected.
ImClone Systems Inc on Tuesday posted its first quarterly profit in nearly 10 years, and said initial sales of its much anticipated cancer drug Erbitux were higher than expected.
Cigarette company R.J. Reynolds Tobacco Holdings Inc on Tuesday posted a 72 percent jump in first-quarter profit and raised its full-year earnings forecast as recent restructuring efforts paid off.
Cigarette company R.J. Reynolds Tobacco Holdings Inc on Tuesday posted a 72 percent jump in first-quarter profit and raised its full-year earnings forecast as recent restructuring efforts paid off.
British military planners may be coming to the conclusion that the only way out of Iraq is to plunge in deeper, in the hope of averting disaster brought on by what they see as dangerous American missteps.
The judge in the multibillion-dollar World Trade Center insurance trial on Monday said one juror "wanted out" of deliberations and asked the parties if they would accept a less-than-unanimous verdict.
Average prices paid to farmers for cocoa beans in Ivory Coast were mixed during the period April 19 to 25, official data from the Coffee and Cocoa Bourse (BCC) showed on Tuesday.
The Karachi Port handled 72,025 tonnes of cargo including 55,118 tonnes import and 16,907 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.
Coffee trade in Vietnam, the world's largest robusta producer and exporter, came to a standstill as farmers and businesses held back on stocks to boost prices, traders said on Tuesday.
Soft red winter wheat futures at the Chicago Board of Trade closed firm on Monday on a bout of late short-covering amid signals the market was oversold and due for a bounce, traders said.
Algeria, one of the world's leading grains importers, purchased 1.2 million tonnes of wheat in the first quarter of 2004, a trade ministry official said on Tuesday.
Pakistani rice prices slipped over the past week and dealers said on Tuesday they would slide more in days ahead as exporters were finding it hard to get orders at the current levels.
India, the world's second largest sugar producer, is unlikely to import sugar in the near future despite expectations of a lower cane crop because of good stocks and high import tariffs, traders said on Tuesday.
Hot, dry conditions that are delaying the planting of Thai summer corn are seen keeping prices firm as nervous feed millers stock up on the grain and keep supply tight, traders said on Tuesday.
The May vaida opened down at Rs 465, and highest was also at the same amount. Later trading lost pace and it lost 20 paisa to turn lowest at Rs 464.80 and closing was also seen at the same amount.
Shanghai copper ended a five-day losing streak to rebound on Tuesday, supported by bargain-hunting and a rise on the LME, but the upturn is not significant and further falls are expected, traders said.
Tokyo precious metals futures rose across the board on Tuesday, with platinum breaking a five-day bear run as it rode the coattails of a brisk recovery in spot prices.
Comex copper futures ended mixed on Monday as traders concentrated on rolling positions into the next-active July contract from nearby May before first notice day on April 30, dealers said.