Malaysian crude palm oil futures was down on Monday after a mixed performance in Chicago soya but the benchmark contract closed off its lows on late covering, dealers said.
The International Monetary Fund (IMF) could raise its forecast for world economic growth despite the high price of oil, its chief economist said in an interview to be published on Tuesday.
Africa's biggest mobile phone operator Vodacom said on Monday it had secured the continent's first third generation (3G) licence and would focus on growing data services as part of its key growth strategy.
Africa's biggest mobile phone operator Vodacom said on Monday it had secured the continent's first third generation (3G) licence and would focus on growing data services as part of its key growth strategy.
South Korea's government, concerned the battle for mobile phone subscribers was disrupting Asia's fourth-largest mobile market, imposed a cooling-off period on the three main competitors on Monday.
US auto giant General Motors announced an ambitious expansion drive in China Monday, investing more than three billion dollars over the next three years and doubling capacity as it strives to close the gap on market leader Volkswagen.
US auto giant General Motors announced an ambitious expansion drive in China Monday, investing more than three billion dollars over the next three years and doubling capacity as it strives to close the gap on market leader Volkswagen.
McDonald's Corp on Monday said worldwide May sales at hamburger restaurants open more than a year rose 7.4 percent, but US growth slowed from recent months on tougher sales comparisons.
McDonald's Corp on Monday said worldwide May sales at hamburger restaurants open more than a year rose 7.4 percent, but US growth slowed from recent months on tougher sales comparisons.
China, keen to relieve upward pressure on the yuan, said on Monday it would ease capital restrictions further to help domestic firms invest more abroad.
Taiwan is prepared take back nearly 12,000 tonnes of toxic industrial waste exported to Malaysia after the environmental authorities found the import license for the shipment was bogus, an official said Monday.
Bangladesh will aim for economic growth of at least six percent in the year through June 2005 as it seeks to reduce poverty, Finance Minister M. Saifur Rahman said on Monday, ahead of the annual budget due this week.
Chief executives across the United States expect the Federal Reserve's anticipated increase of benchmark rates this year to have little impact on them and see solid profitability and hiring ahead, according to a survey released Monday.
A group of advisers to the European Commission has proposed in a controversial vote that the EU executive accepts a hotly-disputed standard on financial instruments that has been criticised by European banks.
Russia has lifted a ban on meat imports from the European Union until October 1, setting a new deadline for the 25-nation bloc to reach agreement with Moscow on food safety certificates.
Malaysia's industrial output grew 14.0 percent in the year through April due to increased activity in the manufacturing, mining and electricity sectors, the Statistics Department said on Monday.
The head of the US Justice Department anti-trust division praised his European Commission counterparts on Monday - but not their approach to the Microsoft Corp case.
UBL Drive, the Car financing scheme launched by United Bank Limited has proven itself as a world class launch when it delivered within 48 hours of its launch to an applicant his brand new Honda City.
Germany's generic drug-makers make attractive acquisition targets for global players and analysts say now may be the right time to get a foothold in a sector expected to have a bright future.
Thailand's economy grew a slower-than-expected 0.8 percent in the first quarter, held back by rising global oil prices, a bird flu epidemic and unrest in the country's Muslim south, a state-run agency said on Monday.
The Australian government faced accusations Monday of trying to buy votes for the upcoming election as it unveiled plans for a 12.7 billion Australian dollar (nine billion US dollars) upgrade of run-down road and rail networks.
Japanese government bond (JGB) yields surged on Monday, with the yield on 20-year bonds touching a 28-month high, on speculation about higher US interest rates after strong US jobs data.
Japanese government bond (JGB) yields surged on Monday, with the yield on 20-year bonds touching a 28-month high, on speculation about higher US interest rates after strong US jobs data.
Jakarta stocks finished higher on Monday on a technical rebound and positive sentiment from a slightly stronger rupiah currency. Gains in some key regional bourses and a lower oil price also helped.
Philippine stocks led by telecom leader PLDT closed lower on Monday due to political uncertainty and worries over law and order following an attack on a building in Manila's financial district by suspected communist rebels.
Taiwan stocks ended 3.7 percent higher on Monday, as easing oil prices as well as gains in US and tech-heavy Asian markets convinced investors to hasten a rebound from a two-week closing low hit last week.
Leading Hong Kong stocks surged on Monday with blue chips and China plays rising across the board after a strong US jobs report and on signs of easing global oil prices.
Thai stocks closed slightly lower in thin trade on Monday amid worries a government decision to cut a petrol price subsidy would further pressure an economy that has grown slower than expected this year.
South Korean shares ended 3.7 percent higher on Monday, as a dip in oil prices and robust US jobs data sparked a buying spree in large cap shares such as market leader Samsung Electronics Co Ltd.
Sri Lankan stocks edged higher on Monday on retail buying in small counters but most blue chips were lacklustre, with institutional investors worried over the economy and a lack of progress in the island's peace process.
China's shares closed down on Monday as investors sold two listed brokerages after an official newspaper reported regulators were probing illegal asset management products by a raft of securities houses.
Singapore shares ended 1.5 percent up at a one-month closing high on Monday, led by gains in tech firms such as Chartered Semiconductor and the blue chip stock Singapore Airlines
Malaysian shares closed at its highest in nearly a month on Monday, in line with regional markets as world oil prices slipped further and eased concerns about the health of the global economy.
Tokyo's Nikkei average posted its biggest percentage gain this year to its highest close in a month on Monday as a rebound on Wall Street and increased confidence in Japan's economic recovery encouraged buying.
The Indian rupee rose to a one-month closing high on Monday with sentiment bolstered by the greenback's overseas weakness and a recent pick-up in foreign fund investments.
The Swiss franc was trading at four month highs against the dollar in early trade on Monday as the US currency came under pressure amid dealers' convictions that the Federal Reserve will only raise rates modestly.
The dollar slipped to a two-month low against the euro on Monday after strong data for US jobs did not convince investors that the Federal Reserve will raise interest rates more aggressively than generally thought.
Asian regional currencies strengthened on Monday, supported by softer oil prices and a weaker US dollar, which hit a two-month low against the euro and fell about a percent versus the yen.
The Australian dollar broke above 70 US cents on Monday for the first time since a report last week showed Australia's economic growth slowed in the first quarter.
The Hong Kong dollar inched higher and discounts on forwards deepened on Monday as the greenback fell against major currencies and amid a rally for regional stock markets.
Germany's central and state governments agreed on Monday to invest 1.9 billion euros ($2.34 billion) over five years from 2006 to create elite German universities on a par with Harvard or Yale.
Japanese Prime Minister Junichiro Koizumi said on Monday he believed North Korea was willing to make progress in the next round of six-party talks aimed at persuading it to dismantle its nuclear arms programme.
In today's America, prisoners are held incommunicado for years, newspapers can't photograph soldiers' coffins returned from Iraq and the government can secretly track the books citizens read and the movies they watch.
The European Union is considering sending troops to eastern Congo after rebels captured a key town last week, threatening the country's fragile peace process, Belgium's foreign minister said on Monday.
Astronomers around the world on Monday were getting set for Tuesday's "Venus Transit," when earthlings will be able to see the planet cross the face of the Sun, a rare phenomenon that last occurred in 1882.
The diplomatically delicate fate of a former US army sergeant will be on the agenda when Japanese Prime Minister Junichiro Koizumi dines with President George W. Bush at a world leaders' summit in the United States on Tuesday.
The Hungarian parliament voted on Monday to allow the government to re-institute price controls on subsidised drugs, hitting the stock prices of domestic drug firms hard, though the health minister said he was holding intensive talks with companies to rea
Suspected communist rebels in the Philippine capital fired a rocket-propelled grenade and several bullets on Monday into a building that used to house offices of Petron Corp, the country's largest oil refiner.
A 33-year-old defence agreement between Singapore, Malaysia, Britain, Australia and New Zealand will be expanded to deal with terrorism and other "unconventional threats", the governments of the five nations said here Monday.
A British political party rising fast up the polls on a ticket of immediate withdrawal from the European Union is poised to make hefty gains at this week's European elections.
A US soldier was killed and two others wounded on Monday when their vehicle was hit by an explosion in central Afghanistan, the US military said in a statement.
Arab reform efforts will fail if they are imposed from outside and fail to address the Middle East conflict, Jordan's King Abdullah II warned in an AFP interview Monday.
Rwandan former president Pasteur Bizimungu was Monday sentenced by a court in Kigali to 15 years in jail for diverting public funds, inciting civil disobedience and criminal association but cleared of the main charge against him, threatening state securit
A statement purportedly from al Qaeda militants in Saudi Arabia warned on Monday of new attacks on US and Western airlines, installations and areas frequented by Westerners.
China has issued new rules to rein in digital filmmakers, some of whom have screened politically taboo home videos on the Web and shown documentaries exposing social ills at film festivals abroad.
US forces based at an airport in Kyrgyzstan are replacing their tent accommodation with more permanent buildings and said on Monday there was no end in sight to their mission in the Central Asian state.
The United States plans to cut its troops in South Korea by a third by the end of next year, part of a world-wide shift to use of higher technology in defence, the two countries said on Monday.
The United States and Britain were preparing a new version of a UN resolution on Iraq on Monday in hopes of quick support from the Security Council for the June 30 transfer of power in Baghdad.
Crowds gathered before dawn to pay respects to Ronald Reagan on Monday at the start of a week of tribute to the 40th US president, hailed as "unfailingly kind and courteous" during a stewardship that hastened the end of the Cold War and revived American s
India's new government promised on Monday to protect religious minorities and re-write school textbooks that it said were distorted by the previous Hindu nationalist-led coalition government.
South Korean President Roh Moo-hyun pledged to speed up reforms and tackle corruption in a speech on Monday at the opening of parliament, where his supporters now have a majority likely to end a year of legislative deadlock.
India's new Foreign Minister Natwar Singh will travel to Washington DC for the state funeral Friday of former US president Ronald Reagan, the foreign ministry said.
Gunmen who killed a BBC cameraman and critically wounded a senior correspondent were linked to Osama bin Laden's al Qaeda network, a Saudi diplomat said on Monday.
Yasser Arafat told Egyptian President Hosni Mubarak he accepted his demand for Palestinian security reforms as a condition for Egypt to help stabilise Gaza if Israelis withdraw, officials said on Monday.
Israel and Egypt are "very close" to an agreement allowing Egypt to move about 100 extra police officers into the border region to stop smugglers moving weapons into the Gaza Strip, Israeli officials said on Monday.
Sterling fell to its lowest level against the euro in almost two weeks on Monday as investors booked profits on recent gains ahead of this week's Bank of England interest rate decision.
The yen surged on Monday after a near three-percent gain in Tokyo stocks, while the dollar touched a two-month low against the euro as last week's jobs data still left doubts over the pace of future US rate hikes.
US stocks rallied on Monday, as investors anticipated oil prices levelling out below their recent highs, softening one of the greatest threats to the US economy's growth.
European corporate bonds made a steady start to the trading week on Monday, as Wall Street's higher opening and easing oil prices stabilised the average value of bonds.
European corporate bonds made a steady start to the trading week on Monday, as Wall Street's higher opening and easing oil prices stabilised the average value of bonds.
Britain's FTSE-100 closed just shy of a one-month high on Monday as lower oil prices and a brighter economic picture brought investors back into volatile cyclicals like insurance and mining stocks.
Oil prices held below $40 on Monday as increased supplies in the United States and Opec's pledge to bump up output eased immediate concerns of a supply crunch in world markets.
Base metals prices ended the rings higher in London Metal Exchange business on Monday, and although afternoon trading was quieter after earlier advances, scope remained for further gains, traders said.
NYCE cotton closed at a fresh nine-month low Monday on speculative sales and spreading as players pressured the market by rolling positions out of the spot month, analysts said.
Gold picked up in Europe in quiet trade on Monday as investors sought respite from the sliding dollar against the euro, after much-anticipated jobs data left uncertainty over the pace of US interest rate rises.
Oil prices dropped further below $40 on Monday as increased supplies in the United States and Opec's pledge to bump up output eased immediate concerns of a supply crunch in world markets.
The Union of Small and Medium Enterprises (Unisame) has recommended the Expert Advisory Cell for development of small and medium enterprises (SMEs) to set up a SME Promotion Bureau.
Vice-chancellor Punjab University, Arshad Mahmood inaugurated a six-day workshop on "Microbiological and Genetical Techniques" for degree colleges teachers here on Monday.
The imports of the country registered 14.62 percent increase during July 2003 to May 2004, and rose to 13.74 billion dollars against 11.07 billion dollars in the corresponding period last year.
The imports of the country registered 14.62 percent increase during July 2003 to May 2004, and rose to 13.74 billion dollars against 11.07 billion dollars in the corresponding period last year.
Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) Chairman Fawad Ijaz Khan has said Pakistan will participate in MosLeather-2004 exhibition being held at Moscow from June 9 to 11, 2004.
Justice S A1i Aslain Jaffery of High Court of Sindh (SHC) on Monday restrained secretary industries, commerce and investment department, Government of Punjab from issuing notification extending appointment of administrator Institute of Engineers Pakistan
The Inspector General Police NWFP Muhammad Raffat Pasha has directed Kohat region police officers to further beef up security measures by ensuring sectarian harmony and pre-empt and prevent all kind of terrorist activities well in time.
Minister for Communication, Babar Khan Ghauri while chairing a meeting convened to resolve the issue of claims of the stakeholders of M T Tasman Spirit on Monday directed the concerned authorities to forcefully plead the case for compensation to affectees
Pakistan's High Commissioner to the UK, Dr Maleeha Lodhi, underlined on Monday that approach to the long-standing Kashmir dispute will be critical in Pak-India dialogue, saying the two South Asian nations need to preserve agreements and the CBMs and maint
The Nifaz-i-Shariah Council (NSC) of the MMA has asked the NWFP provincial government to exempt five and less than five marla houses from property tax, while retain taxes on arms and private cars.
First Consular Islamic Republic of Iran, Ghulam Hussain Iqbali has said that a delegation of Iranian traders would visit Peshawar to hold an exhibition of their products.
Due to raise in the demand in the international market, Pakistan, in an organised manner, can earn $40 million annually from export of marble and granite.
Muhammad Sohail, Judicial Magistrate, Orangi Town on Monday remanded Shahid Alam alias Guddu Bihari Nazim Orangi Town to police custody till June 10 in two different cases registered in Mominabad Police and Pakistan Bazar Police of Orangi Township.