Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
A US official denied there could be a plea bargain for Charles Robert Jenkins, an ex-US soldier accused of deserting to North Korea, but Japanese media said on Saturday he may meet a legal expert soon to discuss his options.
Southeast Asia was winning the war against terror but could not yet declare victory, Malaysian Prime Minister Abdullah Badawi said, a day after his intelligence chief warned of fresh attacks.
European allies joined the United States on Saturday in heaping pressure on Sudan to end a conflict in its western Darfur region which threatens millions of lives and has been labelled genocide by the US Congress.
Palestinian militants briefly commandeered a government building in the Gaza Strip on Saturday, demanding President Yasser Arafat reinstate comrades they said had been dismissed from the national security forces.
Millions of people made homeless in South Asia's worst floods in one-and-a half decades were threatened by disease on Saturday as rising waters cut off access to food and drinking water.
A court in southern China convicted 52 people of selling infants on the black market, sentencing six to death and five to life in prison, Xinhua news agency reported on Saturday.
Iran's foreign minister Kamal Kharrazi will visit India Sunday to discuss bilateral, regional and international issues, an official statement said Saturday.
North Korea dismissed as "nothing but a sham offer" on Saturday US proposals that the communist state follow the example of Libya and scrap its nuclear weapons in exchange for aid and diplomatic recognition.
Further vigilante groups are operating in Afghanistan like the three US citizens facing trial for setting up a private prison in Kabul, a US military spokesman said Saturday.
Iraq and Egypt tried to secure the release of a senior Egyptian diplomat on Saturday after he was snatched in a brazen kidnapping while leaving a mosque - the first envoy to be taken hostage in a growing wave of abductions.
The New York Times and The Washington Post opened fire Saturday at the conclusions of a report by the US army on abuses in prisons in Iraq and Afghanistan, with the Times calling it a "whitewashing" to exonerate the high command.
Indian Coal and Mines Minister Shibu Soren resigned on Saturday after an arrest warrant was issued against him on charges of inciting arson and violence during a rally in 1975.
As pressure built for swift US government action on the September 11 commission's recommendations to avert another terror attack, President George W. Bush said on Saturday he wanted to "carefully examine" the ideas before deciding how to proceed.
Europe's biggest carmaker Volkswagen AG, which has cut its profit goal for 2004, still plans to manufacture its new C1 model, its chief executive was quoted in a German magazine as saying on Saturday.
Singapore plans to double the size of its media, design and arts industries by 2012, a government minister said on Saturday, as the trade-reliant city-state embraces creativity to sustain economic growth.
The United States wants the European Union to negotiate a new civil aircraft agreement that would bar future government subsidies for European aerospace giant Airbus, a US trade official said on Friday.
China and the United States signed a deal on Saturday to increase by more than fourfold the number of commercial and cargo flights between the two countries, starting gradually from August.
The Shanghai Stock Exchange has decided to implement Deutsche Boerse's Xetra electronic trading system, a German newspaper reported on Saturday, citing financial market sources.
Venezuela and Argentina late Friday signed energy and trade agreements aimed at strengthening ties between the South American nations, including a deal to repair Venezuelan oil tankers in Argentine shipyards.
The European Union is not ripe for a single financial regulator, Bundesbank Vice President Juergen Stark said in a newspaper article published on Saturday.
Libya may struggle to hit its ambitious oil production growth targets in coming years, even with the imminent return of US companies to its petroleum sector, industry analysts said on Friday.
The European Bank for Reconstruction and Development (EBRD) said late Friday it wants to help Bosnia shift from post-war reconstruction to investment to develop its neglected private sector and revive privatisation.
Russia said on Saturday it had no intention of contributing troops to the US-led force in Iraq, but was prepared to help by developing trade and easing debt burdens.
Microsoft Corp, the world's largest software maker, wants to sell its online magazine Slate and has begun talks with potential buyers, a source close to the talks said late Friday.
Asia-Pacific airlines' passenger numbers in June rose 85 percent from a year earlier to 10.3 million as the industry continued its recovery from a SARS-induced slowdown, an aviation association said Friday.
Serbia adopted on Friday a set of economic laws which foreign investors said would help boost direct investment in the country which is struggling to attract overseas businesses.
Malaysian tin fell $30 on Friday as sellers came out to overwhelm the market ahead of the weekend after holding back for days in the hope of better prices.
Planting of a record 2004/05 (September/August) Brazilian cotton crop now looks doubtful due to a world surplus and falling prices, cotton analysts said on Friday.
China has defaulted on cotton purchases from Australia because of the country's credit squeeze and the collapse in world cotton prices, Australian industry leaders said on Friday.
Tokyo rubber futures rose modestly on Friday as traders made adjustments to correct recent steep falls ahead of the weekend and the expiration of the prompt August contract next week.
Weak Chicago soya futures are putting pressure on international suppliers to cut prices for South American cargoes, which have been awaiting payment for months.
NYBOT raw sugar futures finished mixed on Friday as nearby months were buoyed by buying from the trade and small speculators which wiped out downturn in the sweetener, with the market tipped to bound higher next week, brokers said.
Comex gold futures tumbled on Friday but still closed above five-week lows, as the market continued to grapple with fund selling and a surging dollar, countered by only limited physical demand at lower prices, dealers said.
Chicago Board of Trade soyabean ended higher on Friday on a technical recovery from Thursday's limit down close and 8-1/2 month low in August, brokers said.
Oil prices approached recent record high last week as the traders remained nervous about tight supplies and the threat of disruption to Russian exports.
The January vaida was launched on Saturday with opening showing at Rs 426, highest at the same amount. Lowest was marked at Rs 424.50 and closing was seen at Rs 424.50.
Movement sustained on the cotton market with four deals struck at much below spot rate, the relevant sources said on Saturday. The spot rate was maintained at Rs 2500 without Rs 50 upcountry expenses.
Brazil may waive taxes levied on the nation's ports as a way to stimulate investment in the dilapidated transport sector, the Development and Trade Minister Luiz Fernando Furlan said.
Peru is considering cutting taxes on fuel for shipping companies and airlines to attract more shippers as an export boom crowds out container space and delays goods, the government said on Tuesday.
Brazil's ports are amenable to beefing up security to meet new International Maritime Organisation (IMO) rules, but some exporters said on Wednesday they were not happy about the added costs.
Kazakhstan's state shipping company Kazmortransflot said on Wednesday it was in talks with the European Bank for Reconstruction and Development on a loan to build three oil tankers estimated at $42 million.
Brazil's southern port of Rio Grande said on Tuesday it would resume soyabean shipments on Wednesday, its first since May when China rejected the port's cargo saying it contained traces of fungicide.
Panamax dry bulk rates are seen drifting with a softer bias this week as the recent sharp rebound in shipping costs has depressed raw material demand amid the summer lull, shipping company officials said on Wednesday.
Turkey plans to launch an international tender in the coming weeks for companies interested in participating in the privatisation of its ports, the country's transport minister said on Tuesday.
The Karachi Port handled 89,723 tonnes of cargo including 65,244 tonnes import and 24,479 tonnes export cargo during last 24 hours ending at 0700 hours on Friday.
India's foreign exchange reserves rose to $121.1 billion on July 16 from $120.78 billion a week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday.
Colombia's government said on Friday it posted a small surplus in April after a deficit in the year-earlier month, but over the first four months of 2004 ran a deficit about the same as in the previous-year period.
Speculators in euro futures grew the net long position to its largest on record in the week ended July 20, data from the Commodity Futures Trading Commission showed on Friday.
The dollar surged to fresh one-month highs against the euro and Swiss franc on Friday, accelerating its upward momentum since Federal Reserve Chairman Alan Greenspan's upbeat assessment of the US economy and relatively tough talk on interest rates earlier
South Korea's finance minister said on Friday the government was not seeking to undervalue the won to support exports, signalling authorities may be loosening a policy of holding the currency down.
Singapore's consumer prices levelled out in June after rising steadily each month since February, government data showed on Friday, but economists expect more price rises in the months ahead.
The Canadian dollar slipped against the US currency on Friday as it faced a rangebound session with no economic data to guide on either side of the border, but geopolitical concern could be the major influence.
Chilean stocks ended mixed on Friday as weak retail sales data tempered gains in the country's top electrical generator Endesa after posting strong first-half earnings, analysts said.
US Treasuries crept up in thin trade on Friday as security fears ahead of the weekend and shoddy stock market performance fuelled a modest safe-haven bid.
US Treasuries crept up in thin trade on Friday as security fears ahead of the weekend and shoddy stock market performance fuelled a modest safe-haven bid.
A magazine report that Brazil's Central Bank President Henrique Meirelles is embroiled in a tax evasion scandal hit the country's bonds at the end of an otherwise quiet session for emerging market debt on Friday.
A magazine report that Brazil's Central Bank President Henrique Meirelles is embroiled in a tax evasion scandal hit the country's bonds at the end of an otherwise quiet session for emerging market debt on Friday.
US corporate bond spreads were unchanged overall on Friday, with most bonds stalled in an 11-week trading range as losses in stocks offset a mostly positive second-quarter earnings season.
US corporate bond spreads were unchanged overall on Friday, with most bonds stalled in an 11-week trading range as losses in stocks offset a mostly positive second-quarter earnings season.
Brazilian stocks fell on Friday for the third consecutive session, pressured by lower US markets and concern about a local media report on alleged tax evasion by the Central Bank president, traders said.
Toronto stocks closed lower on Friday as the latest round of corporate results could not make a thin market ignore growing concerns about corporate performance in the second half of the year.
MetroPCS Communications Inc will attempt to raise half a billion dollars next week in an initial public offering that comes as deals are consistently pricing below expectations.
MetroPCS Communications Inc will attempt to raise half a billion dollars next week in an initial public offering that comes as deals are consistently pricing below expectations.
With corporate America having cleaned up their balance sheets and boosted cash holdings in the aftermath of the late-1990s binge, Morgan Stanley analysts say the halcyon days of credit quality may be coming to an end.
With corporate America having cleaned up their balance sheets and boosted cash holdings in the aftermath of the late-1990s binge, Morgan Stanley analysts say the halcyon days of credit quality may be coming to an end.
US stocks tumbled on Friday after investors were unnerved by disappointing results from Coca-Cola Co and Microsoft Corp and fretted about possible attacks at next week's Democratic National Convention.
India captain Saurav Ganguly believes his side's recent success against arch-rivals Pakistan will count for little when the teams meet in the Asia Cup on Sunday.
On March 21 this year, India began their fourth match of the one-day series against Pakistan with a do-or-die going. Being 2-1 down in the series, they simply had to win to stay alive.
England were 71 without loss and in total control at stumps on day three of the first test at Lord's on Saturday after Andrew Flintoff took three wickets for no runs to help dismiss West Indies for 416.
Weary from economic hardship, Cubans are eagerly awaiting news of the outcome of oil exploration off Cuba by Spain's Repsol YPF that could turn cash-strapped Havana into an oil producer overnight and breathe life into President Fidel Castro's communist re
Nepalese students, recounting their abduction by Maoist rebels, say the militants treated them well and wanted to hear their views - even if they were critical of rebel actions.
I have seen a letter in the Business Recorder, of Abdul Shakoor Umer, regarding the Central Board of Revenue, which has fixed the rate of customs duty on the import of cars.
Bt cotton, the first transgenic non-food crop, is designed to protect crops from pests and cut spraying costs. It contains a strand of genetic material from the naturally occurring soil micro-organism Bacillus thuringiensis (Bt), and it has been successfu
There is a blurred line for kids in Uzbekistan between school and labour camp. Homework just might include paving roads under a scorching sun in a struggling ex-Soviet state run with a thumping fist by President Islam Karimov.
A leading English newspaper carried an article clarifying the position of the sugar industry, for which the government serves as the marketing board. Obviously, the sugar industry, which is the main beneficiary of the current policy, is hurt at the unplea
The warning the World Trade Organisation chief, Supachai Panitchpakdi, sounded to the member states on Monday (July 19), has not come unexpected. For it revolves round fears of "all of us" turning poorer in case of failure of the Geneva moot to somehow sa
According to a news report, the World Bank is pressing the government to convert the Central Board of Revenue into a fully autonomous organisation with authority to manage its own affairs without any interference from the finance ministry.
Speaker Punjab Assembly Muhammad Afzal Sahi on Saturday took oath from President Najam Wali and Secretary Agha Ifthikar Ali of Punjab Assembly Press Gallery.
The Ministry of Information and Broadcasting has been preparing to give detailed briefing to President Pervez Musharraf on the implementation of 7th Wage Board Award for newspaper employees.
The Vice-Chancellor of Sindh University, Mazharul Haq Siddiqui, has said that the academicians and teachers are most honourable and respectable segment of the society and urged the academicians and scholars to work with missionary zeal to shape the talent
The Nazim City District Government Karachi (CDGK), Naimatullah Khan has accorded approval for establishing termini for local buses on 31 sites, identified by Transport & Communication Department.