Banks and financial institutions contributed to Parmalat's meltdown late last year through their lax oversight of the Italian food group's tattered accounts, an investigation prepared for Milan prosecutors has found.
The Central Board of Revenue (CBR) has agreed to release shipping bills of the leather garments exporters after an undertaking by Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) that there will be no variation in weight mentione
The Central Board of Revenue (CBR) has agreed to release shipping bills of the leather garments exporters after an undertaking by Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) that there will be no variation in weight mentione
Twelve people were killed in separate clashes in Indian occupied Kashmir, while homes and shops were gutted in a gun-battle in the troubled Himalayan territory, police said on Thursday.
Sugar mills in Sindh, which have failed to clear dues of the growers, may not be allowed to operate in the new sugarcane crushing season, which is scheduled to start from November 1.
The venue for receipt of sealed bids for sale of 16,376,106 shares of Allied Bank Limited (ABL) under Section 19 (3) of Financial Institution (Recovery Finance) Ordinance 2001 will now be the Board Room on the third floor of ABL, Central Office, Bath Isla
The venue for receipt of sealed bids for sale of 16,376,106 shares of Allied Bank Limited (ABL) under Section 19 (3) of Financial Institution (Recovery Finance) Ordinance 2001 will now be the Board Room on the third floor of ABL, Central Office, Bath Isla
Thai rice prices are expected to rise further over the next few days, supported by strong overseas demand and a state intervention scheme, traders said on Thursday.
US oil prices stayed above $40 for the seventh trading day in a row on Thursday, with dealers unwilling to sell in a market where global supply is stretched almost to its limits by strong demand.
The dollar held close to multi-week highs against the euro on Thursday, but its rally this week fuelled by an upbeat economic outlook from Alan Greenspan appeared to be running out of steam.
Sterling reversed early losses against the dollar in volatile trade on Thursday, as the greenback's momentum slowed and robust domestic retail sales data reinforced expectations of a British rate rise next month.
The Indian rupee slipped for the fourth straight day on Thursday to a one-month closing low in a market increasingly wary of waning foreign capital inflows amid doubts about growth prospects in Asia's fourth-largest economy.
A national commission probing the September 11 attacks on Thursday found "failures of imagination, policy, capabilities and management" by the US government and recommended a sweeping overhaul of US intelligence services.
Iran maintained persistent contacts with al Qaeda terrorists and may have provided transit for at least eight of the men who carried out the September 11, 2001 attacks, a national inquiry commission said Thursday.
The BBC said Thursday that its head of news, Richard Sambrook, will leave his post to become director of the BBC World Service, six months after the broadcaster's news operations were criticised by an official inquiry.
He is everything the well-dressed private detective ought to be, and like a Polish version of Superman, he is ready to strike wherever evil raises its ugly head - especially if it will make another episode for his popular crime TV series here.
Mexico is poised to indict a former president for ordering a massacre 33 years ago, an unprecedented step that puts President Vicente Fox back on a collision course with the long-ruling PRI party that he ousted four years ago.
US marines killed 25 guerrillas, wounded 17 and captured 25 during several hours of fighting in the western Iraqi city of Ramadi on Wednesday, a military statement said on Thursday.
EU lawmakers confirmed Thursday former Portuguese premier Jose Manuel Durao Barroso as next head of the European Commission, despite criticism notably over his support for the Iraq war.
Sixteen people died when an explosion apparently caused by a fire in a gunpowder store levelled an apartment block in Yemen, the official news agency SABA reported on Thursday.
US-led coalition forces admitted Thursday they had taken a detainee from a US citizen on trial in Afghanistan for running a freelance counter-terror operation, but denied he had been working for the US military.
A powerful warlord in northern Afghanistan announced Thursday he would stand for president in upcoming October elections, presenting a new challenge to incumbent President Hamid Karzai. Speaking at a public meeting in Afghanistan's main northern city, mil
Foreign policy envoy Javier Solana defended the decision by all the EU member states to vote against Israel's West Bank barrier as he sought Thursday to ease tensions with Ariel Sharon's government.
President Nursultan Nazarbayev, whose family dominates political activity in Kazakhstan, has said his lawyers may sue foreign media who "discredit the country", newspapers reported on Thursday.
Taiwan held anti-amphibious landing drills in its southern coastal towns Thursday, continuing a major annual military exercise that coincides with the largest war games reportedly being conducted by its rival China.
A mysterious Israeli man at the centre of a passport fraud case that has strained relations between New Zealand and Israel, worked for the Israeli government for 10 years, a television network reported on Thursday.
Angelo de la Cruz, a poor Filipino truck driver who sought greener pastures in the battlefields of the Middle East, arrived home Thursday after a harrowing 17-day hostage ordeal in Iraq that prompted the early withdrawal of Philippine troops.
Lined up in a dark room, seven foreign truck drivers pleaded for their lives in a video tape filmed by militants holding them hostage in Iraq - the tension broken only when an Egyptian told his mother not to worry.
Australian intelligence relied on thin and ambiguous information to assess Iraq's weapons of mass destruction, a report said on Thursday, but there was no evidence of political pressure "to bolster the case for war".
The Thai baht hit a 10-month low and the Taiwan dollar hit its lowest point this year on Thursday after the US dollar rallied on optimistic comments from Federal Reserve Chairman Alan Greenspan.
The dollar extended gains against major currencies on Wednesday in the wake of optimistic comments on the US economy from Federal Reserve Chairman Alan Greenspan, reinforcing expectations of further interest rate hikes.
The dollar stayed within sight of multi-week highs against major rivals on Thursday after more upbeat comments from Alan Greenspan, though its upside was seen capped as investors awaited more evidence of the US recovery.
The Swiss franc firmed against the dollar in early trade on Thursday as the US currency trimmed gains made in the previous session following upbeat remarks from Federal Reserve Chairman Alan Greenspan.
The Bangladeshi taka eased a touch against the US currency for a fourth straight session on Thursday after banks sought dollars for import-related payments ahead of the local Friday weekend, dealers said.
Malaysian shares slipped on Thursday, hit by profit-taking after the previous day's rise, but lender Public Bank was steady ahead of the release of its second-quarter earnings result.
Tokyo's Nikkei share average fell on Thursday as technology stocks including Sharp Corp retreated on concern over the global outlook for businesses such as chip and liquid crystal display makers.
India's key share index closed above the 5,000 mark for the first time since May on Thursday, extending a rally spurred by the scaling back of a trading tax into a second day, while robust corporate earnings added cheer.
Jakarta stocks closed almost flat on Thursday after spending most of the day in negative territory, weighed down by Wall Street's sharp losses overnight and the weak rupiah currency.
Singapore's key share index fell over half a percent on Thursday to its lowest close in two weeks as technology stocks such as Venture Corp and Chartered Semiconductor reversed their recent gains.
Thai stocks slipped nearly one percent on Thursday after two days of gains, led down by state-owned Krung Thai Bank as a broker downgraded the stock after disappointing second quarter results.
Taiwan stocks closed down 0.39 percent on Thursday, but recovering in late trade after touching a near 1-year intraday low as sharp falls on US stocks drove investors away from tech issues like AU Optronics.
US stocks tumbled on Wednesday, with technology shares leading the retreat, as fears about slowing growth in corporate profits overshadowed favourable news from Motorola Inc and Microsoft Corp.
Hong Kong stocks fell 0.60 percent on Thursday but still managed to hold above the key 12,300 points level after worries over slowing corporate earnings growth dragged Wall Street lower.
Philippines stocks ended higher on Thursday as investors snapped up selected blue chips led by the country's top two telephone firms, PLDT and second-ranked Globe Telecom Inc.
US Treasury prices declined for a second session on Wednesday as Federal Reserve Chairman Alan Greenspan's message that the economy is on track for more robust growth took a further toll on the market.
US Treasury prices declined for a second session on Wednesday as Federal Reserve Chairman Alan Greenspan's message that the economy is on track for more robust growth took a further toll on the market.
The boss of Deutsche Bank and five others were cleared by a German court on Thursday of criminal charges they overpaid executives after Europe's biggest take-over but were accused of breaking company law.
The battle for economic reform in India is finely poised, but the government can help tip the balance toward reform by expanding access for the poor to health and education, the IMF's chief economist said on Thursday.
McDonald's Corp on Thursday said earnings rose 25 percent on its strongest second-quarter sales growth since 1987, as the company began to expand successful US menu items like salads into Europe.
McDonald's Corp on Thursday said earnings rose 25 percent on its strongest second-quarter sales growth since 1987, as the company began to expand successful US menu items like salads into Europe.
A closely watched gauge of future US economic activity fell in June, confirming momentum has slowed from its heady pace earlier in the year, a private research firm said on Thursday.
British retail sales shot up nearly three times faster than expected in June as the Euro 2004 soccer tournament boosted TV and sports gear purchases, leading economists to conclude a rate hike next month is a done deal.
China has probably understated recent economic growth, say economists who reckon its statistics are still cooked with a generous helping of political seasoning.
Afghanistan broke ground on its first industrial park on Thursday, a 15-hectare (37-acre) site on the outskirts of the capital Kabul that is being built with the help of US aid.
Opec hopes to boost its current surplus production capacity by one million barrels a day from 2.5 million barrels per day to 3.5 million barrels a day by the end of this year, Opec President Purnomo Yusgiantoro said here Thursday.
Japan's trade surplus in June jumped 36.9 percent from a year earlier to 1.1 trillion yen (10.6 billion dollars) on the back of strong Asian demand for high-tech products, the finance ministry said Thursday.
Asia-Pacific economies are to consider adopting strict guidelines for export controls of surface-to-air missile systems which they fear could be used by terrorists to hit civilian aircraft, officials said.
Standard Chartered Plc has gained a licence to open in Iran's Kish Island free-trade zone, making the company the first international lender to have a branch in the country, Standard Chartered said on Thursday.
Moscow's decision to force oil major Yukos to sell its main asset and possibly drive it into bankruptcy could delay a ratings upgrade for Russia, and limit investment flows, credit ratings agencies said on Thursday.
Moscow's decision to force oil major Yukos to sell its main asset and possibly drive it into bankruptcy could delay a ratings upgrade for Russia, and limit investment flows, credit ratings agencies said on Thursday.
Malaysian crude palm oil futures lost almost three percent of their value on Thursday on profit-taking, and a correction due to a slump in rival Chicago soyaoil.
India, the world's largest edible oil importer, is likely to produce a sharply lower oilseed crop in the winter season because of weak monsoon rains but it is too for production estimates, traders said on Thursday.
Chicago Board of Trade rough rice futures ended higher on Wednesday on technical buying and hopes for increased US rice export sales if a poor monsoon season hits rice yields in India, brokers said.
Chicago Board of Trade soyabean futures closed lower on Wednesday as US Midwest weather forecasts pointed to good development of the new crop as it moves into a key growth stage, brokers said.
NYBOT raw sugar futures finished softer on Wednesday on trade sales and speculative profit-taking with players expecting the sweetener to consolidate around its current levels for now, brokers said.
Tokyo rubber futures rose for the first time this week on Thursday, after slumping to a seven-and-a-half month low the previous day, as a weak yen induced short-covering, but the underlying trend stayed bearish.
Shanghai copper futures ended mostly higher on Thursday in line with the London Metal Exchange, and should remain supported in the near term by tight spot supply, traders said.
Comex gold futures settled at a two-week low under $400 an ounce on Wednesday, after the dollar rose broadly on optimistic comments about the US economy by Federal Reserve Chairman Alan Greenspan, dealers said.
Tokyo platinum futures bounced back on Thursday, bolstered by a softer yen and technical buying, while gold futures barely budged but remained under pressure from a weaker close in New York.
Comex copper futures closed with losses, but pulled up off lows dating back a week and a half, as the dollar advanced against major currencies on Wednesday following upbeat comments from Federal Reserve Chairman Alan Greenspan on the state of the US econo
Methods for the early detection and treatment of a potentially devastating soybean fungus will be provided by US Department of Agriculture officials when they visit seven states through the end of July, the agency said.
NYBOT cocoa futures closed sharply higher on Wednesday, gaining $54, or 3.48 percent, after test to the downside failed to attract follow-through selling, forcing speculators to cover and funds to buy later in the day, which boosted prices to 5-1/2-month
Spot basis bids for hard red winter wheat in the US Plains production areas were mixed on Wednesday with country selling consistently slow, merchants said.
Certificated cotton stocks deliverable against New York Board of Trade's No 2 cotton futures contract as of July 20 totalled 113,981 (480-lb) bales, from 118,284 bales the previous session.