Philippine stocks fell to their lowest level in nearly five weeks on Tuesday on profit-taking after the government said it exceeded its first-half budget deficit target.
Thai stocks rose on Tuesday, ending a four-day fall as bargain hunters bought into information technology firm Loxley in hope it will win a government lottery project, but profit-taking hit energy firm PTT.
Japan's Nikkei average fell 1.5 percent on Tuesday to hit its lowest close since June 4 as investors worried about corporate earnings in the quarters ahead, particularly among technology firms.
Discounts on Hong Kong dollar forwards narrowed sharply on Tuesday as some players covered short (US dollar) positions ahead of keenly awaited testimony from Federal Reserve Chairman Alan Greenspan.
The Swiss franc lost ground to the dollar in early trade on Tuesday, ahead of US Fed Chairman Alan Greenspan's twice-yearly report to Congress which will be closely watched for clues as to future interest rates.
The yen fell against the dollar on Tuesday, taking its cue from a slide in Japanese share prices in a market that otherwise dithered ahead of comments from US Federal Reserve Chairman Alan Greenspan later in the day.
The dollar rose against the euro on Monday as traders showed reluctance to extend the US currency's losses ahead of a speech by US Federal Reserve Chairman Alan Greenspan later this week.
Asian currencies succumbed to falling stock markets and rising oil prices on Tuesday, losing some ground in distracted trade as the market waited to hear testimony from US Federal Reserve Chairman Alan Greenspan.
The Australian dollar drifted lower on Tuesday ahead of US Federal Reserve Chairman Alan Greenspan's testimony to Congress, but remained supported by buyers on moves towards 73 US cents.
Chancellor Gerhard Schroeder on Tuesday hailed German Nazi officers who tried to assassinate Hitler 60 years ago for their huge legacy which helped spawn a peaceful Europe with common values.
Turkey is making progress towards European Union membership but entry is still a long way off, France said before talks on Tuesday between Turkey's prime minister and French President Jacques Chirac.
Georgian President Mikhail Saakashvili admitted Tuesday that he had troops stationed in separatist South Ossetia and not only vowed to keep them there despite Russian protests but also threatened to rip up a key peace accord.
Canadian Prime Minister Paul Martin shuffled his cabinet on Tuesday to fill the holes left by the June 28 election, when unhappy voters kicked out six ministers and deprived the Liberals of their majority in Parliament.
Italy's Defence Ministry budget has been spared swingeing spending cuts this year, leaving the government searching for 900 million euros in deficit-saving measures to keep its 2004 accounts in line.
The powerful US gun lobby seems poised for victory in a high profile battle to end a ban on some assault weapons and experts say it has also been piling up numerous quiet victories at the state level.
An Irish publican became the first bar owner in the country on Tuesday to be successfully prosecuted for breaking the government's pioneering smoking ban, court officials said.
Maoist guerrillas set free on Tuesday about 50 Nepali children and a dozen teachers who were abducted to back a campaign against the monarchy after soldiers arrived at their hideout near the capital, officials said.
Indian Prime Minister Manmohan Singh said Tuesday he has set up a panel to find a permanent solution to floods which annually ravage the country's east and north-east, as officials reported another 24 people killed.
Turkey appealed to the European Union on Tuesday to remove all remaining restrictions on Turkish Cypriots as they celebrated the 30th anniversary of a Turkish invasion which cemented Cyprus's division.
Israel and France on Tuesday took some of the heat out of their row over Prime Minister Ariel Sharon's call on French Jews to flee rising anti-Semitism, with both sides calling the spat a misunderstanding.
A top Sri Lankan official handling the peace process with Tamil Tiger guerrillas met with his rebel counterpart here Tuesday in the first high level contact in months, officials said.
A defiant British Prime Minister Tony Blair hit back Tuesday at critics of his decision to go to war in Iraq based on intelligence later condemned as flawed, insisting he had made "the right decision".
Iran on Tuesday hit back at allegations from US President George W. Bush that it was harbouring al-Qaeda leaders and could have been linked to the September 11, 2001 attacks, dismissing the claims as "fictitious".
International Atomic Energy Agency (IAEA) inspectors will return to Iraq in the coming days at the request of its government, the head of the UN nuclear watchdog, Mohamed ElBaradei, said here Tuesday.
Four Iraqi veterinarians were killed and three wounded when a roadside bomb exploded in the path of their bus on Tuesday, while a senior official in southern Iraq became the latest high-profile murder.
President Gloria Arroyo said Tuesday a Filipino hostage in Iraq had been freed, justifying the Philippines' decision to withdraw its tiny military presence from the war-torn country.
The Indonesian, Singapore and Malaysian navies began joint patrols of the vital Strait of Malacca shipping lane on Tuesday to combat piracy and terrorism and demonstrate they can handle the job.
Afghan security forces captured a brother-in-law of fugitive Taleban leader Mullah Mohammad Omar on Tuesday after a shoot-out in which one government soldier was killed, officials said.
Palestinian prime minister Ahmed Qorei reached an uneasy truce with veteran leader Yasser Arafat Tuesday, refusing to retract his resignation but agreeing to stay in his post for the moment.
Sub-Saharan Africa is the only region in the world where the proportion of people living in extreme poverty has continued to grow for 20 years, the United Nations Industrial Development Organisation (UNIDO) said.
Lebanon's Hizbollah fighters killed two Israeli soldiers and lost one of their own fighters in border clashes on Tuesday, a day after the group accused Israel of killing a top Hizbollah member.
The Indian rupee ended weaker for the second straight day on Tuesday on dollar demand from oil companies and other importers, in a market increasingly wary about the fate of reforms and growth prospects, dealers said.
Sterling shed more than a cent in value against the dollar on Tuesday as investors fretted that weaker-than-expected house price data could mean fewer UK interest rate hikes in the future.
The dollar rose on Tuesday from the previous session's multi-month lows against the euro as investors positioned ahead of Federal Reserve Chairman Alan Greenspan's testimony for clues on future US rate moves.
US stocks closed modestly higher on Tuesday, enough to make it one of the biggest gains in a summer of narrow trading, with the rise driven by moderately upbeat comments from US Federal Reserve Chairman Alan Greenspan and strong earnings from companies li
Indian shares fell slightly on Tuesday as investors encashed profits ahead of an expected government clarification on a controversial tax proposal and amid concerns over the impact erratic monsoon rains may have on the economy.
Bonds of Germany's Bayer AG rose in value early on Tuesday, as investors shrugged off a downgrade by credit rating agency Standard & Poor's, while auto bond traders were eagerly awaiting second-quarter results from Ford.
Bonds of Germany's Bayer AG rose in value early on Tuesday, as investors shrugged off a downgrade by credit rating agency Standard & Poor's, while auto bond traders were eagerly awaiting second-quarter results from Ford.
Britain's leading share index snapped a three-day losing streak on Tuesday, lifted by heavyweight drug-makers GSK and AstraZeneca in the wake of bullish results from European rival Novartis.
London cocoa futures remained under pressure on Tuesday as the market paused to digest recent gains, with further profit-taking after the recent wave of fund buying seen taking prices lower, traders said.
Brazil and other low-cost sugar manufacturers will benefit from a planned overhaul of Europe's sugar policy at the expense of the world's poorest states, a group of Third World producers said on Tuesday.
London white sugar futures settled lower on Tuesday in thin turnover as the market turned its attention to a tender on Wednesday by Thailand of 400,000 tonnes of raw sugar for 2005 shipment, traders said.
Fund buying triggered by firmer New York arabica prices kicked London coffee futures out of a well-trodden range on Tuesday, although the market backed off the highs at the close.
New York cotton futures closed higher Tuesday on combined commercial and speculative buying as the market rebounded from several sessions of weakness, with brokers saying fiber contracts could post further gains in the days ahead.
Gold prices fell almost $6.00 in Europe to test psychological support at $400 an ounce as the dollar firmed on Tuesday ahead of a monetary report from US Federal Reserve Chairman Alan Greenspan.
Base metals closed mixed in open-outcry trading on the London Metal Exchange (LME) on Tuesday, with negative economic data and a firmer dollar weighing on some, while supply tightness bolstered others, traders said.
US oil prices rose towards $42 a barrel on Tuesday, underpinned by worries over disruptions to Middle East supplies at a time when world producers are virtually pumping flat out to meet robust demand.
Oil prices were higher on Tuesday, with benchmark US crude trading above $42 a barrel for the first time since June 2, supported by concerns robust world demand is stretching supplies to the limit.
London's feed wheat futures market settled mainly higher on currency moves on Tuesday, but volumes remained relatively slim as participants continued to hold out for the harvest, dealers said.
New York cocoa futures were open $10 to $15 lower on Tuesday, mostly based on overnight currency movements as the dollar strengthened against the pound, traders said.
New York coffee futures were little changed on Tuesday as the market continues to look for direction while keeping tabs on weather news out of leading producer Brazil, floor sources said.
Chicago Board of Trade soybean futures were mostly lower on Tuesday on good US crop prospects except for spot August soybeans which bounced on technically oversold signs, brokers said.
Chicago Board of Trade wheat futures turned lower on Tuesday after a firm open, meeting resistance early due to a lack of follow-through support from Monday, traders said.
COMEX gold futures slid to two-week lows on Tuesday, hit by a rising dollar amid trader nervousness before comments by the Federal Reserve later in the day, dealers said.
In case any attempt is made for enhancement of the rates of Sui gas and electricity, it would cast devastating repercussions upon our national economy and the achievement of our stipulated export targets shall remain a far cry.
Pakistan Apple Show 2004 will be held at Peshawar from September 20 to 22. According to Export Promotion Bureau (EPB) here on Tuesday, the 6th show is being held in collaboration with Swat Apple Growers Association to promote export of non-traditional hor
Complete Strike was observed in Samundri City here on Monday as a mark of protest against registration of a criminal case against Punjab Assembly member and leader of Pakistan Muslim League(Q) Khalid Nabi Gujjar.
Can somebody tell me that when a President, Prime Minister, Governor, Chief Minister and Ministers, both provincial and federal, go on a private visit, including Haj and Umrah, who pays their expenses for air tickets, boarding and lodging, car hire etc.
Present offering of PPL, does not include Askari Bank in the subscription form. The people, having accounts at the Askari Bank, are being totally deprived intentionally or unintentionally of reaping the benefit of the offering thus amounting to discrimina
I would like to draw your attention to the article entitled "Accounting for mark-up - an unresolved banking muddle" in the 2nd June 2004 issue of the Business Recorder I don't know how seriously the government has taken up this matter so far but if
Pakistan's idea of setting up Saarc Ministerial Forum on Energy Resources, as almost synchronising with Indian Petroleum Minister Mani Shankar Aiyar's urging for 'conversation without commitment' on Iran-Pakistan-India gas pipeline among the petroleum min
The Credit Plan unveiled by the State Bank of Pakistan at the beginning of every fiscal year, would look like a dull affair to an ordinary person, but actually is significant for its impact on the behaviour of major economic variables like growth, inflati
Pakistan's Ambassador Ashraf Jehangir Qazi, who is to take over as UN secretary-general's special representative to Iraq, on Monday said he was deeply honoured by the appointment, which he stated "is a tribute to my country, and my country's foreign polic
Gas supply to a very small part of Sukkur city had to be suspended for a couple of hours on Monday evening, for carrying out immediate repair of leakage discovered in the gas pipeline passing through Bunder Road, said a spokesman for Sui Southern Gas Comp
Pakistan and Russia on Tuesday agreed to promote co-operation in the field of agriculture, particularly for the construction of silos for wheat storage and manufacturing of tractors in Pakistan.
The NWFP Fisheries Department has taken a number of steps for sustained development of fisheries in the NWFP and Fata through involving private investment in the sector.
A comprehensive modification programme for DHQ hospital has been planned, which would be launched soon to provide latest medical facilities to the people of Baltistan.
After being stranded in London for two days due to fault developing in one of the engines of Boeing 747-300, the passengers of PIA flight PK-756 eventually returned home on Tuesday by a flight.
Pakistan Railways has completed computerisation of ticketing on all trains on its computer network in a major effort to provide computerised ticketing on all reserved seats.
A member of the Lahore High Court Bar Association has filed a petition, praying the court to direct the respondent government to constitute a commission to probe into the Kargil issue.
The government should pay a special attention for exploration of minerals and its value-addition, as it could help in increasing the exportable items from the country as well as improving the volume of overall exports.
A number of export promotion zones (EPZs) with an estimated cost of Rs 189.4 million are being set up across the province to exploit export potential of fruits and vegetables.
A full bench of the Supreme Court of Pakistan has granted leave to appeal in a petition filed by Asghar Ali, Nazim of Union Council No 133 and issued notices to the respondents.
Sindh Information Technology Minister Syed Mustafa Kamal Pasha has said that with the help of the private sector 80 free information technology and computer science training awareness centres would be set up in the province during this year.
The Central Board of Revenue (CBR) has sought the comments of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on the amendments it proposes to make in its notification SRO 450(I)/2001 dated June 18, 2001 pertaining to dispute resoluti
The Central Board of Revenue (CBR) has sought the comments of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on the amendments it proposes to make in its notification SRO 450(I)/2001 dated June 18, 2001 pertaining to dispute resoluti
Punjab Livestock Department was preserving the outstanding records of livestock breeders attained during the National Horse and Cattle Show 2004 in a book titled 'Prized breeds of Pakistan'.
Lahore High Court (LHC) office returned a petition filed against Federal Finance Minister Shaukat Aziz and advised the petitioner to approach the Chief Election Commissioner for redressal of his grievance first.
Siemens Power Generation (PG) has received orders for projects in Saudi Arabia totalling approximately Euro 120 million, according to a press release issued here.
The South Asian Association for Regional Co-operation (Saarc) will be 20 years old early next year, and its 20th birth anniversary will be the focal point of all functions which will be held during Dhaka summit in January 2005.