South Korea would not flood the bond market with a big treasury bond issue in order to fund an extra budget, if the plan went ahead, a finance ministry official said on Friday.
South Korea would not flood the bond market with a big treasury bond issue in order to fund an extra budget, if the plan went ahead, a finance ministry official said on Friday.
Switzerland's top central banker praised the euro for bringing stability to currency markets Friday but ruled out any closer linkage between the Swiss franc and the European currency.
Malaysia is expected next week to report the economy grew at its fastest rate in four years in the first quarter, boosted by its mainstay electronics exports and a rise in domestic spending, according to a Reuters poll.
Top handset maker Nokia will broaden its research and development in China to better tap local demands and aims to design and develop 40 percent of its lower-end phones in Beijing, the firm said on Friday.
Top handset maker Nokia will broaden its research and development in China to better tap local demands and aims to design and develop 40 percent of its lower-end phones in Beijing, the firm said on Friday.
China, desperate for raw materials to fire its steel plants, will abolish export subsidies for coking coal and coke, a move likely to further hike costs for foreign steel makers who depend on Chinese supplies.
The US and world economies are on a path toward sustainable recovery, US Treasury Undersecretary John Taylor said on Friday, adding he hoped high energy prices will encourage greater supply to world markets.
Russia on Friday secured a deal with the European Union on terms for its entry into the World Trade Organisation (WTO) - and immediately rewarded the bloc by promising to back a world-wide environmental pact.
When India threw out a pro-growth government in an election shock this month, many saw it as the revenge of the rural poor. India's economy had been booming but they had been left out.
Comcast Corp, the largest US cable TV operator, has agreed to use Microsoft Corp's software for set-top boxes for up to 5 million users, the companies said on Thursday.
The eurozone economy's cyclical stagnation may be coming to an end but the recovery remains gradual and too dependent on global trade, the International Monetary Fund (IMF) said in a document released on Friday.
Mitsubishi Motors Corp said on Friday it had secured $4 billion in emergency rescue funds to shore up its balance sheet and fix its operations, hit hard by a dismal performance in the crucial US market.
Mitsubishi Motors Corp said on Friday it had secured $4 billion in emergency rescue funds to shore up its balance sheet and fix its operations, hit hard by a dismal performance in the crucial US market.
About 86 million people are working outside their native countries and the number of economic migrants will increase rapidly because globalisation has failed to create more jobs in their home nations, the International Labour Organisation said Friday.
Prosecutors indicted a vice chairman at Samsung Electronics Co Ltd on Friday as they ended a seven-month probe into illegal election funding by some of South Korea's top conglomerates.
South Africa's President Thabo Mbeki unveiled a raft of policies on Friday to fight poverty and unemployment in the continent's biggest economy and boost a growth rate which lags other emerging markets.
US Energy Secretary Spencer Abraham will unveil a major nuclear non-proliferation initiative here next week and will meet with the head of the UN watchdog agency, a US embassy spokesman said Friday.
A presidential election in Russia's separatist republic of Chechnya to find a successor to assassinated pro-Moscow leader Akhmad Kadyrov has been set for August 29, an election official told AFP on Friday.
A Muslim US lawyer, jailed for two weeks for questioning over the deadly Madrid train bombings, was freed on Thursday after a fingerprint said to link him to the attacks was found to belong to another man.
An economist picked by Malawi's outgoing President Bakili Mulizi as his successor and an opposition leader were in a neck-and-neck race in the presidential election in the southern African country, state radio said Friday.
Three Afghan civilians were killed and two wounded in a pre-dawn swoop by US helicopter gunships in Afghanistan's south-eastern province of Khost on Friday, angry villagers said.
Demonstrators hurled petrol bombs and stones at the British embassy in Tehran for the third time in less than a week on Friday to protest the presence of Western forces in Iraq, witnesses said.
President George W. Bush will outline what the White House called a "clear strategy" for Iraq on Monday night in a speech aiming to convince Americas he is in command of the situation.
China on Friday discharged its last Sars patient following the country's latest outbreak, although she will remain in a general hospital with other illnesses, state media said.
Just as concerns were abating, research published on Friday suggests that the human form of mad cow disease in Britain could be more widespread than thought.
The current president of Iraq's US-appointed Governing Council said on Friday he could not attend an Arab summit in Tunis because of a busy schedule in the run-up to a transfer of sovereignty to an Iraqi government.
Some 55,000 mostly Muslim refugees fled their homes in central Nigeria's Plateau State to seek shelter in neighbouring states to escape ethnic attacks, officials told AFP Friday.
The United States welcomed Taiwan President Chen Shui-bian's inauguration speech as "responsible and constructive" for avoiding an immediate showdown with China, but Beijing and the island's opposition have lingering doubts.
The Hong Kong dollar ticked higher against the US currency on Friday morning as some players continued to adjust their positions in the wake of volatile trade earlier this week.
The Swiss franc gained ground against the dollar in early Friday trading amid concerns over high oil prices that could prompt interest rates to rise faster than expected and thus endanger a global economic recovery.
The dollar slipped against the yen on Friday as a late afternoon rally in Japanese stocks injected a burst of energy into a market that had been quietly anticipating upcoming comments on recent high oil prices.
The dollar gained on Thursday despite a fairly weak regional manufacturing survey as traders focused on the index's robust jobs component, which signalled that US economic recovery is still on a solid path.
Asian currencies were unable to resist the pull of a stronger yen on Friday, strengthening ahead of weekend meetings of OPEC and G7 finance ministers that could further improve sentiment on regional foreign exchange next week.
The Australian dollar pushed through the psychological 70 US cents barrier in late local trading on Friday, touching its highest level in nearly two weeks, helped by more positive news out of Japan, Australia's major trading partner.
Tens of thousands of Lebanese Shias in white shrouds marched in a Beirut suburb on Friday in a collective show of willingness to die in defence of holy shrines in US-occupied Iraq.
Hundreds of Iraqi prisoners were released from the infamous Abu Ghraib jail here Friday, some accusing their US captors of maltreatment, as an abuse scandal continues to dog coalition forces.
Israel pulled tanks and troops out of Rafah refugee camp on Friday under international pressure to end three days of fighting in which 41 Palestinians were killed.
The UN's top anti-torture panel on Friday demanded a formal explanation from the United States and Britain about the mistreatment of Iraqi detainees in jails run by coalition forces in Iraq, the panel's head said.
Iraqi politician Ahmed Chalabi, whose home and office were raided by US forces and Iraqi police this week, was passing classified US intelligence on to Iran, CBS television reported, citing senior US officials.
Mark Thompson, chief executive of Britain's Channel 4 television, has been appointed director-general of the British Broadcasting Corporation, the BBC announced on Friday.
His Highness the Aga Khan, the 49th hereditary spiritual leader (Imam) of the Shia Ismaili Muslims and founder of the Aga Khan Development Network, on Thursday outlined the need to recognise the fragility of democracy as a form of governance, its virtues
The Netherlands is sending six Apache helicopters to Iraq to protect its troops there ahead of a decision on whether to stay beyond a July deadline, the defence ministry said on Friday.
Indian state of Assam's Chief Minister Tarun Gogoi Friday said he had offered Koliabor seat held by his younger brother Dip Gogoi to Prime Minister designate Manmohan Singh, for getting elected to Lok Sabha.
The last Spanish soldiers pulled out of their former base in the southern Iraqi town of Diwaniyah on Friday and were expected to cross the border into neighbouring Kuwait within hours, Spanish national radio station RNE reported.
Iraqi prisoners said they were sexually fondled by female soldiers and forced to eat food from toilets in documents described by The Washington Post Friday that included hundreds of new photos and short video clips of torture by US military at Baghdad's A
The United States and Britain want a new UN resolution to call for full sovereignty for Iraq, albeit with such limits as an opened-ended mandate for the presence of foreign troops, diplomats said.
London coffees closed higher on Friday boosted by trade buying and structural activity but dealers said gains would be limited in the short term and the market remained range-bound.
A small Canadian farmer who tried to break the biotech grip of giant Monsanto Co narrowly lost a final battle on Friday when the Supreme Court of Canada upheld patent protection held by the company over a genetically modified form of the canola grain.
World oil prices fell from 21-year highs on Friday as Saudi Arabia proposed hiking crude output by over two million barrels per day and said it had already substantially boosted supplies in a bid to cool markets.
London cocoa futures ended down on Friday on technical selling after the previous session's rally that pushed prices to a seven-week continuation high, traders said.
NYCE cotton futures settled weakly Friday on options-related selling by commercial accounts, although trade support enabled fibre contracts to pare its losses, analysts said.
Gold pumped up to its highest in two weeks on Friday as currency-led buying triggered buy orders, which allowed the market to burst through well established ranges, dealers said, adding further gains were possible.
Base metals mostly posted strong closes on the London Metal Exchange (LME) on Friday, led by a rampant copper market, which shook off some of this week's torpor, with tight tin, lead and nickel also posting significant advances, traders said.
CSCE coffee futures finished higher Friday on speculative buying but the market remains pinned in a trading band and will likely stay there going into next week, analysts said.
CSCE raw sugar futures ended higher Friday on late speculative buying, with further interest from those accounts possibly hoisting the sweetener higher into next week, analysts said.
Wheat futures at the Chicago Board of Trade turned lower early on Friday amid nervous selling as the neighbouring soybean pit saw another day of volatile trading, pit brokers said.
Chicago Board of Trade corn futures fell on Friday to a fresh three-month low as talk about large US corn acreage and better-than-expected yields this year continued to pressure prices, brokers said.
COMEX copper futures surged to 2-week highs Friday morning on fund buying fuelled by Asian gains overnight, a weaker dollar and news of a potential strike at a Canadian copper refinery, trading sources said.
COMEX gold surged to a two-week high Friday morning as a weakening in the dollar prompted commodity funds to buy back short positions in precious metals.
Indian markets eked out a gain in volatile trade on Friday, but fund managers remained wary of its direction as they waited for the incoming Congress-led government to outline its economic policies and name a new cabinet.
Stocks edged up on Friday, as Saudi Arabia's call for higher oil production quotas drove oil prices below $40 a barrel and reassured investors who worried that soaring oil prices could derail the recovering US economy.
Britain's top shares eked out a slim rise on Friday as bright updates from several firms helped limit lingering worries about high oil prices to leave shares barely changed after a choppy week.
The Indian rupee rebounded from intra-day lows to end firmer on Friday as stocks gained and dollar purchases on behalf of foreign funds eased, dealers said.
The pound hit a two-week high on the volatile dollar on Friday, gaining ground after record mortgage lending data added to market views the Bank of England may soon raise interest rates.
The dollar suffered broad losses on Friday after a Federal Reserve official's comments raised doubts over how quickly the US central bank would raise interest rates.
All-out efforts are being made for resolving the problems confronting the masses living in the rural and urban areas of the district, said Sialkot District Nazim Mian Naeem Javed.
Minister for Petroleum and Natural Resources, Chaudhry Nouraiz Shakoor on Friday left here for Amsterdam, Holland as a head of a three-member delegation to attend 9th International Energy Forum scheduled to be held from May 22-26.
All Pakistan Cloth Exporters Association (Apcea) has demanded reduction in import tariff on raw material for export goods, abolition of sales tax on raw cotton, slashing down sales tax rates to 10 percent, removal of additional 3 percent sales tax and sim
There are some parallels between India and Pakistan with regard to the claims about economic progress ie (a) growth in GDP 5.3 percent in the current fiscal and 6-7 percent and above in the coming years in Pakistan/ 8 percent current and increasing to 10
Concern among evangelical Christians over the course of the war in Iraq is opening a crack in their strong bond with President George W. Bush and the Republican Party, according to political analysts who track this powerful voting group.
Railway is a kind of social wealth and a natural monopoly owned by states in many countries of the world. Due to the gigantic character of activity, private firms or individual companies are incapacitated to own and run the railway business.
After the recent unification of five factions of the Muslim League, now comes the merger of the National Alliance (NA) with the unified Pakistan Muslim League (PML).
In a collaborative effort the State Bank of Pakistan, Ministry of Commerce and the Export Promotion Bureau have launched a new scheme for Long Term Financing for export-oriented projects last Tuesday.
A knowledge based executive management is the key to success for a business, said Chief Executive Officer (CEO) Small and Medium Enterprise Development Authority (Smeda) Shahab Khawaja.
Punjab Chief Minister, Chaudhry Pervaiz Elahi has said that his government will not compromise on reforms programme undertaken in education, health, agriculture and other walks of life.
Federal Minister for Information Technology and Telecommunication Awais Ahmad Khan Leghari has said that the government is significantly reducing bandwidth rates in the country, and formal announcement in this regard is expected during next couple of week
Anti Narcotics Force (ANF) Punjab has arrested Naeem Ashfaq Managing Director of Delta International, and his brother-in-law Haroon Rashid for smuggling heroin through courier parcels and recovered 7 kgs of heroin.
The Lahore High Court (LHC), while setting a detenue Muhammad Riaz at liberty, directed the District Police Officer (DPO) Sargodha, to get registered a criminal case against police Inspector Nasir Mehmood of Bhalwal police station.
The Lahore High Court (LHC) has issued contempt notice to Estate officer and directed him to explain as to why he ignored the court orders and issued notice to the petitioner, despite the stay issued by the court.
Punjab Government, while taking serious note of non-adherence of quota of 2 percent for disabled persons in the process of fresh recruitment, has strictly directed the authorities concerned to ensure that employment of disabled persons is ensured against
Federal Cabinet has taken an 'excellent step' by deciding to reduce the electricity charges, however, the decision should be implemented at the earliest.
The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has urged the government to raise duty drawback rates on garment exports to 10 percent.