Little of the money President George W. Bush pledged for Iraq's reconstruction has actually been paid out, according to a White House report released on Friday.
Ships sailed smoothly into ports across Asia on Thursday when a tough new maritime security law came into effect, with the region's governments choosing to avoid possible delays to vital sea-borne trade in the event of non-compliance.
Pacific Basin Shipping Ltd, a Hong Kong-based dry bulk shipper that is raising up to HK$1.27 billion (US$162.5 million) in an IPO, said on Tuesday it expects rates to return to an upward trend following recent weakness.
Panamax dry bulk rates staged a mild recovery this week after having fallen to less than half the record high set earlier this year, as Chinese appetite for raw material returned, shipping sources said on Tuesday.
The Suez Canal earned $247.3 million in revenue in May, compared with $248.8 million in April and $221.5 million in May 2003, according to the government's monthly Egyptian Economic Bulletin.
Asia-Pacific countries discussed on Friday proposals to apply airport security standards to shipping in some of the world's busiest waterways to thwart the possibility of terrorist strikes.
Nigeria issued security compliance certificates in line with new global shipping regulations to only five percent of its ports on Thursday, but said key oil exports would be unaffected by the new rules.
The Karachi Port handled 119,741 tonnes of cargo including 93,826 tonnes import and 25,915 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.
US FOB Gulf corn basis offers were firm and mostly higher on Friday amid slow farmer selling and a pick up in demand, while soyabeans were sharply higher.
The July vaida opened unchanged at Rs 491 and was the highest also at the same level. Later trading lost pace and prices dipped to be quoted lowest at Rs 490.70 and closing was seen at the same amount.
Only one deal was reported on cotton market on Saturday and both players, buyers and sellers expected that faster pace in trading might be seen from Monday, relevant sources said.
Guatemala coffee exports fell 5.7 percent in June as the Central American producer continued to suffer the impact of a coffee crisis that is nearly five years old, group Anacafe said on Friday.
Guatemala's government will issue $300 million in 10-year bonds on international markets in September to help cover this year's budget deficit, the Central American country's finance minister said on Friday.
Guatemala's government will issue $300 million in 10-year bonds on international markets in September to help cover this year's budget deficit, the Central American country's finance minister said on Friday.
Chilean stocks closed flat on Friday in lackluster trade ahead of a US holiday, due to new concerns that the country's strong economic upturn was failing to create more jobs, analysts said.
US corporate bond spreads widened on Friday in thin trade, after a weaker-than-expected jobs report raised questions about the strength of the economy.
US corporate bond spreads widened on Friday in thin trade, after a weaker-than-expected jobs report raised questions about the strength of the economy.
US Treasury debt prices surged on Friday after news of weaker job growth in June led investors to rein in expectations of how high the Federal Reserve will raise interest rates this year.
US Treasury debt prices surged on Friday after news of weaker job growth in June led investors to rein in expectations of how high the Federal Reserve will raise interest rates this year.
Argentine stock prices rose for the fourth straight session on Friday while the peso traded stable amid almost non-existent volume as a strike of Central Bank workers demanding better wages effectively paralysed the market, traders said.
Emerging debt prices surged on Friday on the back of a strong US Treasury rally, triggered by a surprisingly soft US jobs report which further eased fears of a series of abrupt anti-inflationary interest rate hikes.
Emerging debt prices surged on Friday on the back of a strong US Treasury rally, triggered by a surprisingly soft US jobs report which further eased fears of a series of abrupt anti-inflationary interest rate hikes.
European bourses turn their attention back to corporate earnings next week after markets got through the first increase in US interest rates in four years largely unscathed.
Malaysia's stock exchange has picked Union Bank of Switzerland (UBS) to manage a foreign sale of shares from its initial public offering, a newspaper said on Saturday.
Brazil's financial markets gained on Friday as an upbeat outlook for US interest rates and a court decision allowing utility companies to hike tariffs sent investors on a buying spree.
US stocks ended lower for the second day in a row on Friday, after a report showing job growth in June was less than half of what Wall Street expected prompted investors, wary of an economic slowdown, to sell shares of cyclical stocks like Caterpillar Inc
Speculators in yen futures extended a net long position in the week ended June 29, data from the Commodity Futures Trading Commission showed on Friday.
China's central bank Governor Zhou Xiaochuan said on Friday China had made progress in trying to cool down its booming economy but that it was too soon to judge if a so-called soft landing had been achieved.
The dollar fell sharply on Friday as unexpectedly week reports on US jobs, factory orders and durable goods bolstered the market's view that the Federal Reserve can raise interest rates at a measured pace.
Bangladesh's foreign exchange reserves rose 5.47 percent to $2.7 billion in June from $2.56 billion at the end of the previous month, central bank officials said on Saturday.
India's foreign exchange reserves fell to $119.41 billion in the week ended June 25 from $119.93 billion the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday.
The strong pace of global growth is continuing despite recent weaker-than-expected data in the United States and China, European Central Bank chief economist Otmar Issing said on Friday.
A small private plane made an emergency landing on a main street in Beirut Saturday after the flight instructor and a student pilot encountered technical problems, aviation sources told AFP.
Israeli soldiers shot and killed a 9-year-old Palestinian boy and seriously wounded an adult in a confrontation with stone-throwing protesters in the northern Gaza Strip on Saturday, Palestinian medics said.
Shops were closed and private vehicles off the roads Saturday as Bangladesh was shut down by its 12th anti-government strike by the opposition in six months.
Turkish Foreign Minister Abdullah Gul gave his backing Saturday to the transitional government in insurgency-plagued Iraq, after meeting here with senior Lebanese officials.
Sudan pledged on Saturday to disarm Arab militias, known as the Janjaweed, who have driven more than one million Africans from their homes in western Sudan and said it would allow human rights monitors to be deployed.
A typhoon lashed heavy rain over Taiwan, triggering widespread flooding and killing at least 14 people before weakening and heading towards south-east China, officials said on Saturday.
In a new, stinging critique of US Middle East policy, Saudi Prince Al-Walid bin Talal accused Washington in an interview made available Saturday of being unhelpful in the cause against terrorism because of its support of Israel.
Scientists working in Kenya have discovered a 900,000-year-old hominid skull which could fill a gap in paleontologists' knowledge about the early ancestors of man, National Museums of Kenya (NMK) said on Saturday.
The Iraqi official heading the investigation into alleged corruption in the United Nations oil-for-food programme was killed in a bomb attack earlier this week, officials familiar with the probe said on Saturday.
The US military, under intense scrutiny for its treatment of Islamic militant suspects, is looking into a new allegation of prisoner abuse in Afghanistan, a spokesman said on Saturday.
Indonesia, hit by a spate of militant attacks in the past few years, opened a regional centre on Saturday that will train law enforcement officials to combat terrorists.
Kenyan riot police armed with teargas, batons and a water cannon vehicle fought running battles on Saturday with hundreds of people defying a ban on a rally called to press for constitutional reform.
Afghanistan will need the 10,000 Nato troops to ensure security for its presidential and general elections in September, the country's reconstruction minister Mohammed Amin Farhang said on Saturday on German radio.
A heat wave in China's southern metropolis of Guangzhou has been responsible for the deaths of at least 39 people in the last two days, with most of the casualties among the elderly or infirm, state press said Saturday.
India's cases of HIV/AIDS shot up to 5.1 million people last year, putting it just below South Africa as the country with the most HIV-positive people, official figures said Saturday.
There once was a time in America when the year was marked by two eagerly awaited high festivals -- Christmas and Independence Day. Asked to pick which was best, even children might have chosen the Fourth. From country to city it was a day of fluttering fl
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Throughout the year, visitors to Washington, DC, pause to view the flag which inspired the US national anthem. The 185-year-old flag, the Star Spangled Banner, is massive (9.75 x 10.4 meters).
MARBURY V MADISON AND CHECKS AND BALANCES: In a nation established by peoples of differing languages, ethnicities, and religions, Americans find unity in the democratic principles of the founding fathers; principles that united the thirteen colonie
Speaker National Assembly, Chaudhry Amir Hussain called on Prime Minister Chaudhry Shujaat Hussain at the Prime Minister's House on Saturday and extended him felicitations on his assumption of the office of Prime Minister.
Arshad Noor Khan, Incharge Administrative Judge of Anti Terrorism Courts for Karachi division on Saturday remanded Dr Akmal Waheed of NICVD and his younger brother Dr Arshad Waheed of JPMC to physical custody of Investigation Police till July 15.Earlier,
The Export Promotion Bureau (EPB) has announced the procedure and documents required for the issue of visa recommendation letter for exporters seeking visa from foreign embassies in Pakistan.
The negative trend of the market environment unfortunately impacted on the Luxembourg investment fund sector in 2002. For the first time in its history, the Luxembourg collective savings industry recorded a massive decline in net assets under management o
The Indian Mutual fund industry consists of the following segments: (1) Banks and financial institutions sponsored mutual funds (2) private and foreign sector mutual funds.
Plant biotechnology is helping today to provide people with more and better food and holds even greater promise for the future. Whether cotton farmers in China, India, America, Australia and South Africa, canola farmers in Canada, soybean farmers in Argen
A Swedish official spends almost $4 million on call-girls, Finland's former skiing coach gets sentenced for drug smuggling and a Norwegian chief executive risks nine years in jail for fraud.
At their first summit in Washington in November 2001, the Indian Prime Minister Vajpayee and the US President George W. Bush committed the two countries to a strategic partnership. In January 2004, the two countries announced "Next Steps in Strategic Part
The National Electric Power Regulatory Authority (NEPRA) announced the other day wide-ranging reductions in the power rates of Islamabad Electric Supply Company (Iesco) and Gujranwala Electric Power Company (Gepco), which will be applicable for five years
The Federal Finance Minister, Shaukat Aziz, unravelled the figures of tax collections for the full year of 2003-04 at a press conference in Islamabad on Wednesday (June 30) which was the last day of the financial year. It is indeed commendable to note tha
The second locomotive, imported from China, has been assembled by the Risalpur Locomotive Factory, and added to the fleet of Railways, said a spokesman for of the Pakistan Railways (PR) here on Saturday.
The excise and taxation department will hold open auction of attractive registration marks of newly launched 'LZ' series here in the office of Director Excise & Taxation Region-C Lahore on Wednesday (July 07).
The Sindh government has transferred Asadullah Dharejo, an officer of Ex-PCS (BS-19), additional secretary, Finance and Co-operation, and posted him as DCO Nawabshah in his own pay and scale.
The Indian High Commission has said that henceforth it will display the list of approved visas at the offices of the two courier services, the TCS and the Gerry's International, and passport owners can authorise these companies to collect their passports
On the lead from the statements made by the two terrorists arrested in connection with Haideri Mosque and Imambargah Ali Raza blast incidents, the police has reached the parents of the two teenage girls who were trained as 'suicide bomber', ready to blast
Supreme Court Chief Justice Nazim Hussain Siddiqui will swear in Justice Abdul Hameed Dogar as acting Chief Election Commissioner for a month on Monday morning here.
Speakers at a seminar on Saturday recognised the public sector's apathy towards disaster preparedness and the need to develop effective public-private partnership to create facilities for such situations.
The first meeting of the high-level committee constituted by the Civil Aviation Authority (CAA) director-general on commercialisation of the Allama Iqbal International Airport (AIIP) met here on Saturday to review the progress of work.
A ceremony in connection with Haj Balloting for the year 2005 of central telecommunication region will be held on Monday, July 5 at Regional Office CTR 20-A Queens Road old American Center Lahore.
The Sales Tax Collectorate (Enforcement) paid over Rs 26.4 billion as sales tax refund during the 2003-04 fiscal year as against Rs 20.3 billion last year, registering an increase of 30 percent.
The Faisalabad Dry Port Trust (FDPT) handled 28,277 export cargo containers worth Rs 54 billion during the fiscal 2003-04, ending June 30, 2004, while 3,298 import cargo containers having a value of Rs 10 billion arrived at the Faisalabad Dry Port during
Chairman Senate Mohammadmian Soomro on Saturday observed that vigilant supervisory role by the State Bank helped in overcoming the problems faced by the banks and to strengthen the depository system.
The Pakistani prisoners in Indian jails who have long completed their sentence term are on hunger strike for last ten days and some of them have been admitted in the hospital in serious condition.
Prime Minister Chaudhry Shujaat Hussain on Saturday said the government was making all out efforts to promote the spirit of tolerance, amity and accommodation in the society.
At the call of Punjab Bar Council, members of the District Bar Multan, Muzaffargarh, Lodhran, Khanewal, Vehari, Pakpattan, Rajanpur, Dera Ghazi Khan, Jhang and Leiah on Saturday observed a strike and boycotted their professional duties as a protest agains
Intelligence personnel took in custody two suspects from a religious seminary of Muzaffargarh, some 35 km west of Multan, on Saturday morning. They were identified as Mueenuddin and Omar Draz and were taken away to undisclosed place.
Chairman Hurriyat Conference (G), Syed Ali Shah Geelani has said that Indian occupied Kashmir issue was not a border dispute between India and Pakistan, but it is an issue which is linked with the future of 13 million Kashmiris.