President Mohammad Khatami on Thursday inaugurated the first phase of an oil swap project with Iran's Caspian neighbours which Tehran hopes will undercut a rival pipeline scheme backed by arch-foe Washington.
DaimlerChrysler posted a 10 percent rise in first-quarter profit and upped its guidance for US arm Chrysler on Thursday, giving CEO Juergen Schrempp a lift before a board meeting that may end his tenure.
DaimlerChrysler posted a 10 percent rise in first-quarter profit and upped its guidance for US arm Chrysler on Thursday, giving CEO Juergen Schrempp a lift before a board meeting that may end his tenure.
The World Bank is open to doubling its assistance to India to four billion dollars, with the main chunk of loans being aimed at infrastructure development, an official said Thursday.
Precious metals are likely to see further falls after Wednesday's bloodletting, with fears about Chinese demand seen as a convenient excuse for investors to bail out of their holdings and snap the recent bull-run, analysts said.
London cocoa prices closed higher on Thursday hemmed between speculative interest and trade scale-up selling as players tried to make sense of the latest export numbers out of Ivory Coast, dealers said.
London coffees closed lower on Thursday with structural trade accounting for most of the volume as funds liquidated positions in the front month ahead of the notice period, dealers said.
Gold bounced off a 5-1/2-month low in Europe on Thursday afternoon as weaker-than-expected data on US economic growth hit the dollar, but further volatility was expected as markets digest the previous day's sharp slide.
Base metals recovered ground lost in the previous day's hefty sell-off, with copper leading the market into the plus column by midsession on the London Metal Exchange (LME) on Thursday.
CSCE cocoa futures in New York eked out a slightly firmer close on Thursday as fund short-covering and speculative buying pushed prices to a 3-week peak before scale-up trade selling trimmed the gains, traders said.
CSCE raw sugar futures were expected to improve by a small amount at the open on Thursday based on light buying in the London sugar market, floor sources said.
Wheat futures at the Chicago Board of Trade climbed early on Thursday on bullish export news and on a weak dollar, which makes wheat cheaper for importers buying it in other currencies, traders said.
Chicago Board of Trade corn futures market was mixed early Thursday, with the nearby months supported by a strong weekly exports figure but deferreds under pressure from a rapid corn planting pace, traders said.
Chicago Board of Trade nearby soyabean futures rallied on Thursday on supportive US soyabean crush data, while deferred contracts fell on speedy US soyabean plantings amid nearly ideal weather, brokers said.
COMEX copper rose Thursday morning on bargain hunting after a previous speculator-led rout, as fears of sharply lower Chinese metal demand eased and players digested mixed US economic data, dealers said.
COMEX gold fell to a seven-month low early Thursday, then clambered to higher ground as the dollar fell on data showing the US economy grew a bit slower with more inflation than expected in the first quarter.
US Treasuries lost further ground on Wednesday despite good demand for new government debt as concerns about stronger economic data ahead kept would-be buyers from dipping their toes in the market.
US Treasuries lost further ground on Wednesday despite good demand for new government debt as concerns about stronger economic data ahead kept would-be buyers from dipping their toes in the market.
Taiwan stocks tumbled to a one-month low at Thursday's close as falling US shares and Beijing's determination to cool raging growth led investors to cash out of China plays and tech heavyweights like UMC.
US stocks sank on Wednesday as concerns about rising interest rates and heightened tensions in Iraq, along with worries about China's efforts to cool its red-hot economy, overshadowed investors' recent enthusiasm about strong corporate profits.
Thai stocks fell sharply to a one-month low on Thursday, in line with losses on global markets, after China said it needed forceful measures to cool its red-hot economy, sparking selling of shares in shipping and exporters.
Singapore shares skidded to five-week lows on Thursday as worries about China's steps to cool its economy and fears Sars may spread in China triggered selling in China-focused transport and commodity trading firms.
Sri Lankan stocks rose on Thursday, with buying in conglomerate John Keells Holdings Ltd lifting the market and hopes for positive corporate news outweighing political concerns.
Malaysian stocks ended at their lowest level in more than two months on Thursday as violence in neighbouring southern Thailand and fears of a slowdown in China's economy spooked investors.
Hong Kong's top share index closed at a five month low on Thursday, with raw material firms hurt most after China's Premier said the country needed to take "very forceful" action to cool its red-hot economy.
Philippines stocks fell on Thursday, led by telecom issues PLDT and Globe and pulling back from three-year high hit this week on hopes President Gloria Macapagal Arroyo would win in the May polls.
South Korean shares closed almost three percent lower on Thursday, hit by concerns China might move more aggressively to cool its fast-growing economy and record foreign selling of local stocks that slammed key exporters such as Samsung Electronics and PO
Indian shares, the rupee and bonds all fell on Thursday on jitters ahead of the outcome of the national election, which could have serious effects on the progress of economic reforms deemed crucial by investors.
US technology stocks fell for the fourth straight session Thursday, pulled lower by JDS Uniphase Corp, as the fibre-optic cable firm cast doubt on the strength of the recovery in telecom spending.
The cost of insuring against a default by Swiss employment group Adecco edged lower on Thursday, traders said, amid expectations the firm's chief executive would stay in his job.
The cost of insuring against a default by Swiss employment group Adecco edged lower on Thursday, traders said, amid expectations the firm's chief executive would stay in his job.
Britain's FTSE-100 index closed above session lows on Thursday after spending much of the day embedded in the red, drawing some support from gains in drugs firm GlaxoSmithKline and oil giant Shell.
The Hong Kong dollar remained weak on Thursday as the US dollar continued to rise against most major rivals and amid growing concerns of capital outflows from the city.
The Swiss franc edged slightly higher against the dollar in early trade on Thursday, helped by a key Swiss economic indicator signalling the recovery was on track, even if it suggested that the upturn would be modest.
The US dollar hit a six-week peak against the yen and a four-day high versus the euro on Thursday as players in Asia trimmed their exposure to commodity-driven and high-yielding currencies.
The dollar strengthened on Wednesday after China's premier said his country needs to put a brake on its surging economy, prompting investors to sell commodity-driven currencies and buy dollars, traders said.
Asian currencies fell further on Thursday after a call by China's premier for forceful action to slow the country's rapidly expanding economy triggered a sell-off in commodity currencies and a rally in the US dollar.
The Indian rupee slid 0.6 percent on Thursday to its lowest close in more than a month as a spike in customer demand and a firm trend for the dollar overseas triggered short-covering by banks, traders said.
Sterling pulled up from four-month lows against the dollar on Thursday after disappointing economic growth numbers from the United States threw the greenback off an upward path.
The dollar hit a six-week high on the yen and rose versus the euro and commodity currencies on Thursday as the market readied for US growth data due later which could raise expectations for higher interest rates.
Europe was Thursday counting down the hours to the historic expansion of the EU with 10 new members set to sweep into the bloc, ending decades of division forged in war and entrenched by political dogma.
A Brazilian who claims to be clairvoyant is seeking the 25-million-dollar reward the United States offered anyone providing information leading to the arrest of former Iraqi dictator Saddam Hussein, local media reported Thursday.
At least four people including two children were killed when a fire destroyed a slum Thursday on the outskirts of the Bangladeshi capital Dhaka, the fire brigade said.
Security chiefs claimed a major success against dissident Irish republican guerrillas opposed to the Northern Ireland peace process on Thursday after police said they had discovered a bomb-making factory.
At least 23 children were killed and about 30 injured in the Colombian capital Bogota on Wednesday when a construction vehicle slid off a mountain road and crashed onto a school bus on a highway below, police said.
Bangladesh's main opposition admitted Thursday it would fail in its bid to force Prime Minister Khaleda Zia's government to quit by month's end but pushed ahead with the latest in a series of strikes.
Prime Minister Jose Luis Rodriguez Zapatero presided over the official dissolution of Spain's Plus Ultra brigade on Thursday after the last combat troops were removed from Iraq, in line with the new Socialist government's pledge.
Top members of Myanmar's opposition National League for Democracy (NLD) Thursday met with their detained leader Aung San Suu Kyi at her home for the second time to discuss next month's constitutional convention.
French President Jacques Chirac on Thursday warned that unilateral action by Israel such as its planned withdrawal from the Gaza Strip was "doomed to failure."
Pro-Western Prime Minister Branko Crvenkovski won Macedonia's presidential polls, preliminary results showed on Thursday, but the nationalist opposition alleged fraud and demanded they be annulled.
Belarus said on Thursday it had briefly detained a Polish diplomat, accusing him of espionage and trying to steal the ex-Soviet state's military secrets.
Italy's Senate approved a controversial bill to relax media ownership limits on Thursday which critics say favours Prime Minister Silvio Berlusconi's business empire.
Indonesian police said on Thursday they will re-arrest Muslim cleric Abu Bakar Bashir, the alleged leader of the Jemaah Islamiyah group, after he is released from prison on Friday.
India's major parties are scrambling to broker alliances with powerful regional factions amid predictions that marathon elections will produce a hung parliament, press reports and analysts said Thursday.
Around 20,000 Palestinians marched in the Gaza Strip on Thursday against new threats on the life of President Yasser Arafat by his arch-foe, Israeli Prime Minister Ariel Sharon.
The general in charge of the US-run prison system in Iraq has been suspended and is under investigation over the alleged abuse of Iraqi detainees by US soldiers, a senior US military officer said.
More than 250,000 people, including Queen Rania, held an anti-terrorism protest on Thursday, following Jordan's disclosure it had foiled an attack that could have cost tens of thousands of lives, police said.
Authorities in Iran, where few US films make it past the country's zealous censors, have given the go-ahead for cinemas to screen Mel Gibson's "The Passion of the Christ", newspapers reported on Thursday.
Activists of Nepal's ruling party, including a former prime minister appointed by the King Gyanendra, Thursday turned on the royalist government by joining opposition-led street protests.
Two suspected Sars patients in Beijing were confirmed as having the disease on Thursday and one was in critical condition, China's Health Ministry said.
US Secretary of State Colin Powell said on Thursday waning support among Americans for the occupation of Iraq would revive once US forces there stamped out a surge of armed resistance.
Two schools, including one which had recently been rebuilt with international aid, were burned down by suspected Taleban in southern Afghanistan, officials said Thursday.
Leader Kim Jong-il agreed North Korea would join a first round of six-party working level talks on his nuclear programmes on May 12 after a visit to China this month, media and officials said on Thursday.
The Netherlands is the most densely populated country in Europe, so it has to use space with care. Housing and recreation, commerce and manufacturing, traffic and transport, agriculture and nature conservation - all these activities have to be located car
Dutch foreign policy is based on the desire to promote peace, freedom and prosperity in the world, and development co-operation forms an integral part of this.
For a small country with a small population, the Netherlands has a large and powerful economy. It is the world's sixth-largest exporting country (third-largest in the export of food), the sixth-largest source of investment, and its gross domestic product
The French Revolution signalled the end of the Republic of the United Provinces. In 1795, it was invaded and occupied by French revolutionary forces, who turned it into a vassal state named the Batavian Republic.
As part of it's 'Knowledge Week-2004' the Institute of Bankers Pakistan (IBP) is holding a literary evening (kist-e-zafran) on Friday, April 30 here at Alhamra art gallery.
Aftab Ahmed Sheikh Advisor to Sindh Chief Minister on Home has said that a strategy was being evolved to redress the growing number of problems faced by consumers and for this purpose consumer counters would soon be established.
A greater focus on creating awareness of copyright laws in Pakistan and supporting government's efforts for their implementation were highlighted at a seminar held here on Thursday to mark the World Intellectual Property Day - 2004.
Speeding in his car between the capital Tripoli and the Mediterranean coastal town of Al-Khoms, carrying three or four passengers a time, Mohammed Khaled is one of Libya's new breed of entrepreneurs.
"The Chief Justice of this country has said that the plunderers of wealth should not be elected to represent the people and the voters should not encourage such characterless people."
Only Computerised National Identity Cards (CNICs) are valid for all purposes and Manual National Identity Cards should not be entertained any more for any purpose.
The climate of the Pakistan is characterised by an arid and semi-arid season, showing deficiency of water for potential crop production. It is estimated that l/4th of the total cultivated land (4.9 millions hectares) is drought-prone (Khan and Qayyum, 198
The surprises of direct tax assessment prove fatal to business enterprises. These arises mostly by application of tax laws by tax collectors, to the facts of a tax payer in a way different than visualised and complied by the taxpayer.
I sincerely hope that Kasuri was not serious when he said the other day that the government was considering sending troops to Iraq under the UN peace keeping mission. Could someone please enlighten me what did he mean by it.
Every year before the announcement of annual federal budget (which is nothing but an official ritual as it brings no positive change in the life of a common man) plethora of tax proposals are received by the Central Board of Revenue (CBR) from trade and p
Prime Minister Zafarullah Khan Jamali, addressing the executive officers of over 200 corporate companies in Hong Kong on Monday (April 26), highlighted the salient features of the investment-friendly policy of his government and invited private investment
International Garment & Textile Exhibition, Igatex 2004, was held at Expo Center Karachi recently. Rastgar & Co (Pvt) Limited, were the official compressed air providers at this high profile event of Pakistan textile calendar.
Government has finalised the arrangements of celebration of Eid-e-Milad-un-Nabi with great religious zeal and fervour and people were asked to take into consideration the teachings of the Holy Prophet (PBUH) on this auspicious occasion.
The government has established 'Bureau for Child Protection and Welfare Fund' for effective implementation of the rehabilitation and training programme for beggars and disabled children.
Flour mills in Islamabad/Rawalpindi region are facing closure from Friday as government wheat issue for them is ending-up from April 30, and they do not have alternative source of open sector of supply due to Punjab government's ban on commodity movement.