The FBI saw Nick Berg, the American civilian beheaded in Iraq, three times while he was being detained by Iraqi police, the US-led occupation authority said on Wednesday.
Siemens unveiled a billion-dollar acquisition that makes it one of the top US water treatment companies on Wednesday and said it might use its $15 billion in cash to further expand its portfolio.
World oil production declined 440,000 barrels per day in April as Opec producers cut back supply and non-opec output failed to grow as expected, the International Energy Agency said on Wednesday.
Turkish lawmakers on Wednesday began debating a controversial higher education reform bill which has been denounced by the powerful military as a threat to the mainly Muslim country's secular order.
Japan and the United States would benefit from a bilateral free trade agreement but that may not happen for several years in the face of scepticism on both sides, US economist Fred Bergsten said Wednesday.
Consumer confidence in South Korea reached a 19-month high in April, with an increasing number of people expecting their living standards to be higher in six months' time than now, a government survey said Wednesday.
The State Bank of Pakistan (SBP) on Wednesday has raised yields on both three-month and 12-months Treasury Bills which the market received as signal for improvement in the interest rates.
The State Bank of Pakistan (SBP) on Wednesday has raised yields on both three-month and 12-months Treasury Bills which the market received as signal for improvement in the interest rates.
The State Bank of Pakistan (SBP) on Wednesday has raised yields on both three-month and 12-months Treasury Bills which the market received as signal for improvement in the interest rates.
Equities witnessed broad-based erosion on the Islamabad Stock Exchange (ISE) where bearish trend continued throughout the trading day amid the decrease in index.
Equities witnessed broad-based erosion on the Islamabad Stock Exchange (ISE) where bearish trend continued throughout the trading day amid the decrease in index.
Shares received heavy battering in the local stock market, following selling pressure, mainly on account of reports of re-opening of cases against MCB Chairman Mian Mansha as well as fears of political instability in the country.
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
Shares received heavy battering in the local stock market, following selling pressure, mainly on account of reports of re-opening of cases against MCB Chairman Mian Mansha as well as fears of political instability in the country.
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
Share prices suffered decline on concern that relationship between Pakistan and India would suffer if BJP fails to form the government, hurting investors' confidence.
Share prices suffered decline on concern that relationship between Pakistan and India would suffer if BJP fails to form the government, hurting investors' confidence.
Prices for top quality Kenyan teas softened at this week's auction due to diminished buying from Afghanistan and Russia and ample supply driven by heavy seasonal rainfall, traders said on Wednesday.
Stakeholders of polyester staple fibre sector at a meeting on Wednesday got sharply divided over duty structure for its raw and finished categories, it is learnt.
Asian bunker fuel prices rose on Wednesday in tandem with soaring benchmark crude, but demand was thin and few trades were recorded as shipowners stayed away from the market.
Stakeholders of polyester staple fibre sector at a meeting on Wednesday got sharply divided over duty structure for its raw and finished categories, it is learnt.
The Karachi Port handled 83,941 tonnes of cargo including 62,926 tonnes import and 21,015 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday.
All concessionary SROs giving exemptions in sales tax and import duties are likely to be scrapped in the ensuing budget for 2004-2005, it is reliably learnt.
Indian traders have bought nearly half a million tonnes of wheat from the new crop and are awaiting a government policy to resume exports, a top official of the country's largest grain procurement agency said on Wednesday.
All concessionary SROs giving exemptions in sales tax and import duties are likely to be scrapped in the ensuing budget for 2004-2005, it is reliably learnt.
Wheat futures at the Chicago Board of Trade closed lower on Tuesday on rains in the Plains hard red winter wheat region and an Egyptian snub of US wheat, traders said.
Robust activity shown by automobile sector and construction industry in the last one year has led to 33 percent phenomenal jump in steel requirement of the country.
Sri Lanka tea prices fell slightly at the latest auction on Wednesday as high-grown tea values declined, but brokers said the market remained firmer than usual at this time of year because of good qualities.
Robust activity shown by automobile sector and construction industry in the last one year has led to 33 percent phenomenal jump in steel requirement of the country.
Indian tea exports jumped 25 percent to 37.14 million kg in the first quarter of 2004 because of renewed demand from Iraq and a jump in sales to Pakistan, industry officials said on Wednesday.
An independent US commission monitoring global religious rights on Wednesday included India, Pakistan, Saudi Arabia and Vietnam in its list of violators of religious freedom.
Seven people were killed and dozens injured in firing in Liaquatabad, Baldia and Saeedabad during polling in the by-election for three national and one provincial assembly seats in Karachi on Wednesday, police said.
US FOB Gulf corn basis offers were firm on Tuesday, while soyabeans were higher for May/June as processors competed with shippers for limited supplies.
Seven people were killed and dozens injured in firing in Liaquatabad, Baldia and Saeedabad during polling in the by-election for three national and one provincial assembly seats in Karachi on Wednesday, police said.
Tunisia has increased its olive oil exports sharply so far this season thanks to a higher harvest and weak crops in rivals Greece and Italy, the country's olive oil board chief said.
Chaudhry Shujaat Hussain was formally elected President of the Pakistan Muslim League on Wednesday, as all the five League groups and Sindh Democratic Alliance got united.
Strong demand is expected to keep shrinking US and global stockpiles of grain and oilseeds in coming months, a Chicago Board of Trade panel of analysts said on Wednesday.
Chaudhry Shujaat Hussain was formally elected President of the Pakistan Muslim League on Wednesday, as all the five League groups and Sindh Democratic Alliance got united.
The May vaida opened unchanged at Rs 476.50 while highest was also seen at the same level. Later trading dipped and prices shed to turn day's lowest at Rs 474 and closing was also seen at the same amount.
The Central Board of Revenue (CBR) is reviewing ''further tax'' exemption on the supply of spun yarn to the unregistered persons from new financial year.
The Central Board of Revenue (CBR) is reviewing 'further tax' exemption on the supply of spun yarn to the unregistered persons from new financial year.
The Central Board of Revenue (CBR) is reviewing 'further tax' exemption on the supply of spun yarn to the unregistered persons from new financial year.
Seeds and cereals had a few changes on the seed and grain wholesale markets on Wednesday amid slow transaction owing to uncertain condition and bye-polls in the city.
Visiting senior US official Christina Rocca on Wednesday held extensive talks with Pakistani leadership on bilateral issues and regional situation, including security situation on Pak-Afghan border.
CSCE cocoa futures ended unchanged to down slightly on Tuesday as speculative short-covering gave way to scale-up trade selling which "washed out" the day's gains and kept futures held in a sideways range, floor sources said.
Visiting senior US official Christina Rocca on Wednesday held extensive talks with Pakistani leadership on bilateral issues and regional situation, including security situation on Pak-Afghan border.
CSCE coffee futures finished with moderate gains on Tuesday, after back-and-forth action between buyers and sellers that extended the range up to three-week highs, traders said.
A major change is likely in tariff rationalisation policy in the coming budget. Tariff cuts would be industry-oriented rather than revenue-oriented which had been the guiding principle in budget making so far.
NYCE cotton futures closed with moderate losses on Tuesday as trade and local selling pressured prices as players awaited the USDA's first forecasts on the 2004 crop year due on Wednesday, traders said.
A major change is likely in tariff rationalisation policy in the coming budget. Tariff cuts would be industry-oriented rather than revenue-oriented which had been the guiding principle in budget making so far.
Shanghai copper closed down on Wednesday, dented by weakness in the aluminium market and concerns over the government's measures to keep China's heady economic growth in check, traders said.
President General Pervez Musharraf on Wednesday said Pakistan desires establishment of durable peace in the South Asian and Central Asian regions and can serve as a vital link for enhancing economic co-operation between them.
President General Pervez Musharraf on Wednesday said Pakistan desires establishment of durable peace in the South Asian and Central Asian regions and can serve as a vital link for enhancing economic co-operation between them.
Gold rose in afternoon trade in Asian on Wednesday as the dollar weakened against the yen, and dealers expected the US currency to undergo a correction as it factored in prospects for higher US interest rates.
Tokyo gold futures retreated from a two-week high on Wednesday as the yen's bounce against the dollar induced long liquidation, and brokers said they expect the market to consolidate after recent volatile trading.
Comex copper futures rose on Tuesday, pushing past nearby chart resistance on a mixture of bargain hunting at this week's lower prices as well as short-covering.
Comex gold fell in dull trade on Tuesday but held above the previous day's seven-month low as the dollar retreated from a 15-day high against the euro set overnight.
Tokyo rubber futures rose across the board to this week's high on Wednesday on sporadic short-covering led by dealers, but the underlying trend stayed weak as the market remained reluctant to chase rubber on rallies.
US oil prices struck new 13-year highs above $40 a barrel on Wednesday as the market remained concerned over tight supplies, despite a call by the world's biggest exporter for Opec to raise output next month.
China, the world's top soyabean buyer, has suspended soyabean imports from four suppliers in Brazil after harmful chemicals were found in shipments late in April, a quarantine bureau official said on Wednesday.
Chicago Board of Trade rough rice futures settled lower on Tuesday after a very thinly traded session on positioning ahead of Wednesday's US Department of Agriculture's monthly crop data, traders said.
A lack of fresh rice deals in recent weeks and low stocks in Vietnam have prompted exporters to focus on results of a Philippine rice tender before making new offers, traders said.
Chicago Board of Trade soyabean futures ended mixed on Tuesday, with nearby contracts higher on firm US cash prices and evening before on Wednesday's US Department of Agriculture monthly crop report, brokers said.
Thai rubber prices are likely to dip further in the next few days on increasing supply and with few overseas buyers on the horizon, traders said on Wednesday.
Australia's leading grains grower body on Wednesday expressed disappointment at a decision by Monsanto Co to close down its genetically modified canola operations in Australia.
Malaysian crude palm oil futures closed lower on Wednesday, weighed down by a bearish crop report for April from the official Malaysian Palm Oil Board.
Opec oil ministers may hold an informal meeting in Amsterdam next week to discuss the possibility of raising the cartel's production ceiling as world oil prices are skyrocketing, the Opec president said in a press release Wednesday.
Kuwait's oil minister said Wednesday his country would back any output hike by Opec members in order to cool soaring oil prices and stabilise the market.
Cisco Systems Inc on Tuesday reported a 23 percent rise in quarterly profit on rising demand from corporate customers for its networking gear, and said it expects sales to rise moderately in the current quarter.
Cisco Systems Inc on Tuesday reported a 23 percent rise in quarterly profit on rising demand from corporate customers for its networking gear, and said it expects sales to rise moderately in the current quarter.
The Saudi economy has by and large weathered the terror attacks which started in the country a year ago and is set for further growth unless the violence expands, leading economists say.
The United Nations on Wednesday used a regional conference on Afghanistan to urge its neighbours and regional powers to overcome distrust of the war-torn country and create a vibrant inter-dependent economy in the troubled region.
A flaw in Microsoft Corp's almost universally used Windows operating system could allow hackers to take control of a PC by luring users to a malicious Web site and coaxing them into clicking on a link, the company warned on Tuesday.
The Federal Reserve is unlikely to raise interest rates sharply this year as there is little risk of inflation despite robust economic growth in the United States, a leading American economist said on Wednesday.
The EU will lift sanctions against the United States once a contentious US tax law is fully repealed, Trade Commissioner Pascal Lamy said Wednesday after the US Senate approved a tax reform scheme.
Spiralling health care costs will force the world's richest nations to seek better value for their money, the OECD said Wednesday, urging the efficient use of computerised data systems and prevention campaigns.
The French economy grew by surprising 0.8 percent in the first quarter, its fastest rate since late 2000, according to a preliminary estimate released on Wednesday which gave a boost to hopes of an upturn.
Ministers from 28 countries are due to meet in Paris Friday to try to unlock troubled global trade liberalisation talks, days after the European Union offered to eliminate aid for agricultural exports, a key obstacle in the WTO negotiations.
Standard Chartered PLC (the Group) on Tuesday announced its intention to transfer its Hong Kong based branch and subsidiary businesses into one new banking subsidiary, Standard Chartered Bank (Hong Kong) Ltd (SCBHK), a licensed bank incorporated in Hong K
Standard Chartered PLC (the Group) on Tuesday announced its intention to transfer its Hong Kong based branch and subsidiary businesses into one new banking subsidiary, Standard Chartered Bank (Hong Kong) Ltd (SCBHK), a licensed bank incorporated in Hong K
DaimlerChrysler and its ambitions to become a global leader suffered another humiliating blow on Wednesday, when the German-US auto giant announced it was ending its fraught alliance with South Korean car maker Hyundai.
The US trade deficit mushroomed to a record 46.0 billion dollars in March, stunning analysts, as imports to the warming economy boomed, government data showed Wednesday.