As over 50 foreign tourists, including four Germans remained stranded in Gilgit, authorities were making arrangements on Saturday to bring them back to Islamabad, said German diplomatic sources.
US stocks rose on Friday as Intel Corp's positive outlook lifted the technology sector, and a strong jobs report and lower oil prices boosted investors' confidence about the US economy.
The Canadian bond prices fell hard on Friday as the strong jobs data eroded their safe-haven premium and prompted economists to predict quicker Bank of Canada rate action.
The Canadian bond prices fell hard on Friday as the strong jobs data eroded their safe-haven premium and prompted economists to predict quicker Bank of Canada rate action.
US Treasuries stumbled lower on Friday, pumping short-term yields to two-year highs as another solid month of job gains reinforced predictions for a Federal Reserve interest rate hike at the end of the month.
US Treasuries stumbled lower on Friday, pumping short-term yields to two-year highs as another solid month of job gains reinforced predictions for a Federal Reserve interest rate hike at the end of the month.
Toronto stocks finished slightly higher on Friday, ending the week almost right where they started, as technology issues rebounded on a bout of bargain-hunting amid a brighter economic outlook.
Telkom will be in focus next week on South Africa's bourse as the fixed-line monopoly faces pressure to defend its dramatic retreat from Nigeria when it announces results, analysts said on Friday.
Some credit analysts sceptically view the outlook for Albertsons these days, but traders said it was unlikely the grocery giant's debt will take too much of a hit.
Some credit analysts sceptically view the outlook for Albertsons these days, but traders said it was unlikely the grocery giant's debt will take too much of a hit.
Argentine stocks closed lower on Friday amid lingering pessimism about whether the government's final offer to revamp $100 billion in defaulted debt will be accepted by creditors, traders said.
US corporate bond spreads narrowed on Friday for the first time this week after a jobs report reassured investors that the Federal Reserve will move gradually when it begins to raise interest rates.
US corporate bond spreads narrowed on Friday for the first time this week after a jobs report reassured investors that the Federal Reserve will move gradually when it begins to raise interest rates.
Mexican stocks rallied on Friday, led by cell phone operator America Movil, and the peso gained as new US economic data showed strong growth, though not so strong as to force a sharp rise in US interest rates.
Brazil's financial markets rose sharply on Friday on positive US jobs data and lower oil prices, both seen as favourable to the nation's economic growth prospects, traders said.
Chilean stocks were mixed on Friday in quiet trade despite strong US jobs data and easing oil prices, traders said, as investors took to the sidelines ahead of a long weekend. Markets will be closed on Monday for the Corpus Christi religious holiday.
Peru will auction 90 million soles ($25.8 million) of sovereign bonds in the domestic market next Tuesday and Wednesday, the Economy Ministry said on Friday, its first offer since an auction a month ago flopped.
Peru will auction 90 million soles ($25.8 million) of sovereign bonds in the domestic market next Tuesday and Wednesday, the Economy Ministry said on Friday, its first offer since an auction a month ago flopped.
Speculators in euro futures extended a net long position in the week ended June 1 to its largest since late February, data from the Commodity Futures Trading Commission showed on Friday.
The dollar slipped on Friday after US jobs data came in at the high end of expectations but still disappointed investors who had bet that a powerful surge in job creation would boost demand for dollars.
The US economy is not threatened by a wave of worsening inflation that would force policymakers to sharply hike official interest rates, a top Federal Reserve official said on Friday.
The Karachi Port handled 54,488 tonnes of cargo including 45,421 tonnes import and 9,067 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.
Itacoatiara, the river port deep in Brazil's Amazon, will double its soyabean shipping capacity to 3,000 tonnes an hour, Brazil's National Development Bank (BNDES) said on Wednesday.
China Shipping Container Lines Co Ltd, the world's No. 10 container line, said on Thursday it expects average freight rates to rise by 11 to 13 percent this year as container fleet demand continues to outstrip supply.
China-backed Cosco Pacific Ltd will jointly develop a six-berth port project in Dalian with AP Moller Group and Singapore port operator PSA Group, the South China Morning Post said on Thursday.
Panamax dry bulk rates will likely be unchanged or ease another notch this week, hit by a slowdown in Chinese demand for grains and minerals, shipping industry sources said on Tuesday.
The Suez Canal earned $248.8 million in revenue in April compared to $253.5 million in March and $222.0 million in April 2003, according to the government's monthly Egyptian Economic Bulletin.
Brazil's leading iron ore miner CVRD and logistics company ALL expect Brazil's government to allow them to invest more heavily in the country's underdeveloped railways, ports and roads, company officials told Reuters.
A black-owned consortium will launch South Africa's second shipping line on Tuesday, hoping to win business from firms that, under a government empowerment scheme, must work more with black-owned companies.
Costa Rica coffee exports fell 7.4 percent in May, to 277,886 46-kg bags from 300,090 bags a year earlier, the Costa Rican Coffee Institute said on Friday.
First deal of 2004-05 crop was finalised on the cotton market on Saturday along with some deals of current crop, relevant sources said. They said spot sale shed Rs 25 to Rs 3075 without ST and upcountry expenses.
The July vaida opened 40 paisa down at Rs 482.80 and highest of day's trading was seen at Rs 483.30. Later in depressed trading it lost 80 paisa to be the lowest at Rs 482.50 and closing was seen at Rs 482.80.
North and South Korea wrapped up four days of economic talks in Pyongyang on Saturday, agreeing on rice aid for the communist North, restoring railway and road links and opening an industrial park in the North.
Mauritius sugar production is expected to rise to about 590,000 tonnes in 2004 from 537,155 tonnes the previous year, the Mauritius Chamber of Agriculture said in its annual forecast on Friday.
Oil prices were torn last week between terrorism fears and the efforts of Opec producers, who eventually managed to wrestle prices lower with an increase in their output ceiling of over 10 percent.
Comex gold futures rose on Friday as the dollar fell, after upbeat US jobs data disappointed investors who had bet on much stronger gains, dealers said.
Chicago Board of Trade rough rice futures settled lower on Friday after speculative selling again outweighed scale-down commercial buying, brokers said.
Chicago Board of Trade soyabean ended sharply higher on Friday on short-covering after on Thursday's near-limit losses and on expectations the USDA would cut its South American Soya crop estimate next on Friday, traders said.
Comex copper ended lower on Friday, hit by fears that higher interest rates would slow metal demand, but prices climbed off the lows once analysts surmised that a rate increase would probably be small and its impact minimal, traders said.
CSCE raw sugar futures finished firmer on Friday on a steady drumbeat of speculative fund buying, with operators saying the market could possibly grind higher next week.
USDA cotton export sales highlights for latest reporting week. Net Upland sales of 149,400 RB were 38 percent above the previous week and one-third over the prior 4-week average.
China, the world's top cotton consumer, is unlikely to seal big orders on global markets in coming months as users turn to cheaper domestic sources, industry sources said on Friday.
Recent rains in Australia may boost the next wheat crop, which is already half planted, to a record of around 25 million tonnes, rural brokers said on Friday.
Cuba said on Friday the 2003/2004-sugar crop weighed in at 2.52 million tonnes of raw sugar and was more efficient than last year's disastrous harvest, which followed a radical downsizing of the industry.
Kazakhstan will balance the interests of foreign investors and the state as it tries to maximise benefits from its natural resources, President Nursultan Nazarbayev said late on Friday.
Nigeria's number two cellular network said on Saturday it would trade as Vmobile after a brief partnership with Africa's leading operator crashed this week.
Nigeria's number two cellular network said on Saturday it would trade as Vmobile after a brief partnership with Africa's leading operator crashed this week.
The Asian Development Bank said Saturday it was giving a 420,000-dollar technical assistance grant to Bangladesh to help its female garment workers who lose jobs when textile export quota curbs end.
Italian car maker Fiat's ultra-luxury unit Ferrari Maserati on Saturday opened its first showroom in China, where it expects 2004 sales to double to some 200 units, about five percent of total capacity.
Casino operator MGM Mirage on Friday launched a $4.85 billion unsolicited bid to buy rival Mandalay Resort Group and create the largest gambling company in the United States owning about a third of the Las Vegas Strip.
Casino operator MGM Mirage on Friday launched a $4.85 billion unsolicited bid to buy rival Mandalay Resort Group and create the largest gambling company in the United States owning about a third of the Las Vegas Strip.
German airline Lufthansa, under pressure from competitors to impose ticket surcharges due to soaring oil prices, said on Saturday it would hike long-haul flight prices by three percent from July 1.
Malaysia has almost 50 billion ringgit ($13 billion) for infrastructure and other development until 2005 and its finances are "comfortable", a government official was quoted as saying on Saturday.
UAL Corp's bankrupt carrier United Airlines said on Saturday it expects higher oil prices to delay its return to profitability at an operating level until next year.
UAL Corp's bankrupt carrier United Airlines said on Saturday it expects higher oil prices to delay its return to profitability at an operating level until next year.
Japan's parliament passed a contentious pension reform bill on Saturday despite a struggle by the main opposition party to kill it, a play for support a month before elections in which pension policy will be a hot topic.
German unadjusted unemployment fell in May to around 4.307 million from 4.443 million in April but consumers are still deeply pessimistic about the economy, newspapers reported on Saturday.
Modest recovery was seen in the open market at the week-end as the rupee picked up five paisa versus dollar for buying and selling at Rs 58.30 and Rs 58.40, respectively, dealers said.
Modest recovery was seen in the open market at the week-end as the rupee picked up five paisa versus dollar for buying and selling at Rs 58.30 and Rs 58.40, respectively, dealers said.
The council of complaint of Pakistan Electronics Media Regulatory Authority (Pemra) at a meeting in Karachi on Saturday expressed its concern on the increase of subscribers' complaints against the poor service provided by cable operators.
Hundreds of demonstrators gathered peacefully in heavy rain in a park across from the White House on Saturday to protest the war in Iraq and the presence of US and French troops in Haiti.
Expressing that India holds leadership of Pakistan in the highest esteem, New Delhi on Saturday said that the remarks attributed to External Affairs Minister K Natwar Singh regarding President Musharraf in an interview were taken out of context completely
Expressing that India holds leadership of Pakistan in the highest esteem, New Delhi on Saturday said that the remarks attributed to External Affairs Minister K Natwar Singh regarding President Musharraf in an interview were taken out of context completely
The share of provinces in the federal divisible pool in the upcoming budget would be Rs 204 billion against Rs 176.36 billion for 2003-04, showing an increase of about Rs 28 billion or 15 percent over the previous year.