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
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
Neptune Orient Lines Ltd (NOL), the world's seventh-largest container shipping group, posted a better-than-expected eight-fold jump in quarterly profit on Thursday and expects 2004 profits to improve on last year.
Neptune Orient Lines Ltd (NOL), the world's seventh-largest container shipping group, posted a better-than-expected eight-fold jump in quarterly profit on Thursday and expects 2004 profits to improve on last year.
Russia's fast-expanding Baltic port of Primorsk will gain 27 large new ice-class tankers by 2006, making higher export flows possible during the frozen winter months, port operator Transneft told Reuters on Friday.
Italy's La Petrolifera Italo Rumena S.p.a.-PIR Group (PIR) has received final approval from Albania to build a 30 million euro oil storage terminal in southern Vlore Bay, the company said on Friday.
Panamax dry bulk rates will be steady to soft this week due to the absence of Chinese demand for grains and minerals, the main force behind this year's record high freight rates.
China Shipping Container Lines (CSCL) has cut its planned initial public offering by more than 25 percent to US$1.3-1.5 billion amid weak investor sentiment, sources close to the deal said on Thursday.
China Shipping Container Lines (CSCL) has cut its planned initial public offering by more than 25 percent to US$1.3-1.5 billion amid weak investor sentiment, sources close to the deal said on Thursday.
The Karachi Port handled 73,518 tonnes of cargo including 54,220 tonnes import and 19,298 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.
Siemens chief executive Heinrich von Pierer on Saturday rejected trade union claims that the German industrial giant planned to cut thousands of jobs, a German magazine reported.
Iran created only 700,000 new jobs in the 12 months to March 19, falling short of its 800,000 target, President Mohammad Khatami was quoted as saying on Saturday.
Boeing Co and employees claiming the company discriminated against women said on Friday they had reached a financial settlement and were working out other issues, delaying the start of a class-action lawsuit.
World donors have made good on pledges to inject about $1 billion of the $33 billion of aid earmarked for Iraq's rebuilding into trust funds run by the United Nations and World Bank, the country's planning minister said on Saturday.
The finance ministers of Japan, China, South Korea and 10 Southeast Asian countries called for caution on Saturday over higher oil prices and interest rates but said a global economic recovery would help the region continue growing.
French Minister for Foreign Trade Francois Loos held talks with Saudi officials here Saturday focusing on boosting economic links and setting up joint ventures, the state SPA news agency said.
China reassured Asia on Saturday its racing economy would slow without crashing, making some of its strongest and most confident comments yet on a subject that has unnerved global markets.
California's April unemployment rate fell to 6.2 percent from 6.6 percent in March as payrolls expanded for the second straight month, rising modestly in nearly all business categories, the state's Employment Development Department said on Friday.
About 20,000 German pensioners took part in a demonstration here Saturday against the government's social welfare reforms, denouncing them as "social dismantling", police said.
The United States will axe 8,000 civilian and military jobs across its European bases, the Spanish press reported on Saturday citing an internal circular at the joint US-Spanish naval base in southern Spain.
US cotton farmers may find it difficult to turn a profit this year due to high prices for fuel, fertiliser and other agricultural inputs, an official of an industry group said on Friday.
Shanghai copper closed mixed on Friday, with prices of nearby contracts trading higher due to a squeeze in spot supply a trend that the market expects to persist in the short run, traders said.
The Australian wool market strengthened with prices rising 1.2 percent on average this week, reversing recent downward trends as the Australian dollar weakened to below 69 US cents, analysts said on Friday.
Chicago Board of Trade rough rice futures settled unchanged to slightly lower in the nearby May contract on Friday in consolidation trade after Thursday's break, brokers said.
Chicago Board of Trade soyabeans ended sharply lower to down the daily 50-cent trading limit on Friday on heavy speculative sales, nearly ideal US crop weather and a slight cutback in domestic crush, brokers said.
COMEX gold ended higher Friday but was whipsawed by the dollar and mixed interpretations of data pointing to mounting inflation pressures, strong manufacturing growth and steady consumer confidence, dealers said.
COMEX copper futures closed mostly a touch softer on Friday in thin but volatile trade in which prices briefly surged higher on a rumor of a supply disruption in Indonesia, traders said.
Oil prices rocketed to record high levels in New York last week, with traders increasingly nervous about the prospect of further attacks in the Middle East and low inventories of US gasoline.
The May vaida opened at Rs 479 and highest was up Rs 2 to Rs 481 during the day's trading. The trading later depressed and it lost Rs 3 to Rs 478 be the lowest. Closing was marked Rs 2 up at Rs 480.
No deal was finalised on the cotton market on Saturday apparently due to spinners' reservations about prices, relevant sources said. They said the spinners appeared to have leaning towards importing cotton on likely lower prices.
Indonesia said it planned to destroy 35 containers of Indian higher-yielding seeds or hybrid corn because they were contaminated by viruses, the agriculture ministry said on Friday.
The market is mixed as to whether Brazil's central bank will cut interest rates next week due to low inflation or keep rates steady due to recent market volatility, a Reuters poll showed on Friday.
Indian foreign exchange reserves rose to a record $118.579 billion in the week ended May 7 from $118.490 billion in the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday.
Sharp swings in the foreign exchange value of the euro are having an impact on the common currency zone economy, European Central Bank Executive Board Member Gertrude Tumpel-Gugerell said on Friday.
The dollar fell against the euro on Friday after a gauge of US consumer sentiment came in below forecasts, reducing expectations for a rise in official US interest rates that would boost demand for dollars.
Speculators in Australian dollar futures notched a net short position for the first time since April 2001 in conjunction with a steep drop in commodity prices, data from the Commodity Futures Trading Commission showed on Friday.
The Canadian dollar seesawed to a stronger finish against the greenback on Friday, as divergent economic data prompted traders to bid the currency up from the 8-1/2-month lows it hit during the previous session.
US corporate bond spreads ended wider on Friday, hurt by a lackluster performance in stocks and worries that rising consumer prices will prompt the Federal Reserve to raise interest rates soon.
US corporate bond spreads ended wider on Friday, hurt by a lackluster performance in stocks and worries that rising consumer prices will prompt the Federal Reserve to raise interest rates soon.
Mexican stocks were flat on Friday despite growing expectations of a US interest rate hike as the Mexican central bank decided to leave monetary policy unchanged.
US Treasuries rallied on Friday despite firm industrial output and inflation figures, as several weeks of selling prompted some investors to creep back into the market.
US Treasuries rallied on Friday despite firm industrial output and inflation figures, as several weeks of selling prompted some investors to creep back into the market.
Earnings from European blue chips such as BT Group may support equity markets next week, but worries over the economic fallout of stronger oil prices and higher US interest rates will keep sentiment on a leash.
Even as Altria Group's credit spreads were pounded this week on revived worries about multibillion dollar litigation, analysts and traders were far from unified in viewing the latest weakness as an opportunity.
Even as Altria Group's credit spreads were pounded this week on revived worries about multibillion dollar litigation, analysts and traders were far from unified in viewing the latest weakness as an opportunity.
Brazil's stocks recovered some loses on Friday as local markets interpreted US inflation data as mild, reducing concerns over a possible interest rate hikes by the world's largest economy.
Argentine stocks closed lower for the eighth week straight on Friday for the first time since 1998, dragged down by volatility in international markets and fears of a US rate hike.
The Canadian long-dated bonds rallied from morning weakness as traders shook off the strong Canadian factory orders and a report showing firm US April inflation, and instead took advantage of rock-bottom bond prices.
The Canadian long-dated bonds rallied from morning weakness as traders shook off the strong Canadian factory orders and a report showing firm US April inflation, and instead took advantage of rock-bottom bond prices.
US blue chips ended slightly higher while the Nasdaq retreated on Friday, as worries about oil prices at 21-year highs and rising interest rates tempered positive earnings and economic data that underscored the economy's strength.
Two worms measuring 12 centimetres (4.7 inches) were removed from an eye of a 64-year-old Indian woman by doctors in the southern Indian state of Kerala, the Press Trust of India reported Saturday.
More than 100,000 protestors gathered on Saturday evening in Tel Aviv to demand an Israeli withdrawal from the Gaza Strip, in a demonstration organised by the opposition peace camp, organisers said.
The Supreme Court has refused to block a controversial initiative in Massachusetts permitting the United States' first legal gay marriages beginning next Monday, according to lawyers involved in the case.
Israeli helicopters hit Islamic Jihad targets in the Gaza Strip on Saturday after attacks led by the Palestinian militant group killed 13 soldiers and dealt the Middle East's mightiest army its worst blow in two years.
US Secretary of State Colin Powell said on Saturday he was anguished by the abuse of Abu Ghraib prisoners and vowed justice as he tried to blunt Arab anger about Iraq and the Arab-Israeli conflict.
Greek police arrested three British journalists who tried to sneak into the main Olympic stadium on Saturday without permission, a police spokesman said.
At least three people were killed and 200 injured in a violent storm that struck northern Bangladesh amid sweltering heat, media reports said Saturday.
Forest fires in south-eastern Russia have killed seven people, including a child, with officials evacuating hundreds of residents from stricken areas, Russian media reported on Saturday.
The US military in Afghanistan has launched its second investigation into prisoner abuse in a week, as the scandal over the treatment of Iraqi detainees threatens to spread.
South Korean President Roh Moo-hyun apologised on Saturday for causing a two-month impeachment crisis and pledged to take a backseat in politics but said he would tackle the country's economic problems without damaging growth.
US National Security Adviser Condoleezza Rice told Russian President Vladimir Putin on Saturday the United States wanted Russia's co-operation in working out a UN resolution on Iraq.
Speculation mounted on Saturday that Britain's Prime Minister Tony Blair might stand down early, despite the exposure as fakes of shocking torture photographs of reported abuses by British troops in Iraq.
President of China Harbour Engineering Company, Liu Huaiyuan, Friday met Chairman PIA Ahmed Saeed, and conveyed his thanks for PIA for the help it had extended to Chinese company during recent tragic incident in Gwadar.
Over 42 million people suffering from fatal disease of Acquired Immnuodeficiency Syndrome (AIDS) across the world. There is a dire need for creating awareness among the people about the disease.
Justice Chaudhry Ijaz Ahmad of the Lahore High Court (LHC) has observed that inaction of public functionaries is not consonance with the mandate of the constitution which is not a healthy sign, and in such circumstances the country will fall in chaos.
Federal Minister for Railways Ghous Bux Maher has said that the government is taking steps to modernise railways and increase facilities for its passengers.
All Pakistan Tax Bar Association (APTBA) has urged the government to curtail the powers of tax machinery to 'zero' level to build the image of revenue departments, and in this regard, evolve a system whereby a bona fide, strong, fair and free audit be pro
Senator Ilyas Ahmad Bilour, president, India-Pakistan Chamber of Commerce and Industry has congratulated Sonia Gandhi for winning a thumping majority in the recent Indian elections.
Pakistan, Afghanistan and United States will hold tripartite talks in Jeju Island, Republic of Korea, on Sunday for reviewing their on-going work and co-operation in the economic sector.
Prime Minister Zafarullah Khan Jamali said on Saturday that the peace process with India would continue, despite imminent change in government there after the general elections.
Sweden has appreciated Pakistan's role in the war against global terrorism and also expressed satisfaction over the commencement of the dialogue process between Pakistan and India.
As many as seven division benches and 20 single benches will work at principal seat of the Lahore High Court during the week commencing from Monday (May 17).
Chairman, National Highway Authority (NHA), Major General Farrukh Javed on Saturday said the expansion work of G. T. Road from Qasim Market Chowk to Al-Shifa Hospital including 'Kutchery Chowk' will be completed within one year.
The number 13 finally proved to be unlucky for Prime Minister Atal Behari Vajpayee as also the BJP, which once boasted that the number always favoured them.