The rupee refused to accept further vulnerability versus dollar on the back of increasing inflows after minor fluctuations last week ending on August 15, 2004, currency experts said.
The rupee refused to accept further vulnerability versus dollar on the back of increasing inflows after minor fluctuations last week ending on August 15, 2004, currency experts said.
The Central Bank of Sri Lanka left its key interest rates unchanged on Friday despite worries about inflationary pressure, warning that economic growth would slow in the second quarter compared with the first quarter.
India's foreign exchange reserves broke a two-week free-fall to rise $1 billion to $119.34 billion in the week to August 6, mainly on revaluation gains booked due to dollar weakness overseas, analysts said.
The dollar tumbled broadly on Friday after data showing a record US trade deficit in June cast fresh doubts on the economy's recovery and its ability to draw foreign capital to fund the growing gap.
Hungary's forint ended slightly firmer to the euro on Friday, factoring in an expected 25 or 50 basis point interest rate cut by the National Bank of Hungary (NBH) on Monday.
Speculators in yen futures extended a net short position in the week ended August 10, data from the Commodity Futures Trading Commission showed on Friday.
Toyota Motor Corp plans to build an auto assembly plant in Russia in 2008, the first local production in that country by any Japanese carmaker, a newspaper said on Saturday.
State-owned Kuwait Airways Corp, which has faced serious financial problems for more than a decade, got a new chairman Saturday, six months after its former chief quit, the official KUNA news agency reported.
The Arab region is the only one in the world whose economy is shrinking, the head of the UN Development Programme (UNDP) told Saturday's An-Nahar daily.
Saudi Arabia has promised humanitarian aid worth 40 million riyals (10.7 million dollars) to Sudan's western region of Darfur, newspapers reported Saturday.
India's President Abdul Kalam Saturday urged a major hike in government and private-sector spending on education to boost employment and literacy in a country where some 350 million people cannot read.
German Chancellor Gerhard Schroeder dismissed a minister's proposal for further concessions over unpopular labour market reforms on Saturday, despite protesters plans to expand demonstrations next week.
It stops short of a declaration of monetary independence, but Thursday's surprise South Korean interest rate cut underscores just how much Asia has managed to free itself from the US interest rate cycle.
The French government is withdrawing a plan to offer a tax amnesty to attract back home money deposited or invested outside the country but denied Saturday that it had abandoned the scheme.
Impoverished North Korea has told the United Nations it did not need humanitarian aid from the world body from 2005, but did not give any reason, Kyodo news agency said on Saturday.
Authorities have halted oil export flows from the main pipeline in southern Iraq after intelligence showed a rebel militia could strike infrastructure, an oil official said on Saturday.
Vietnam stepped up culling poultry on Saturday in a southern province where a woman was confirmed to have died of H5N1 bird flu, the same strain that killed 24 people in Asia earlier this year.
Opec can do nothing to douse scorching oil prices when markets are already oversupplied by 2.8 million barrels per day (bpd) of crude, Iran's Opec governor said on Saturday.
US President George W. Bush warned Friday that the United States may bring WTO action in September against Airbus Industrie, citing "unfair" government subsidies to the European aircraft maker.
Falling New York coffee prices sparked more purchasing by German industry this week with interest largely focused on first half 2005 delivery, Hamburg traders said on Friday.
German farmers should not sell new crop rye at current low prices but hold onto stocks and wait for an improvement in the market, the association of German rye producers said on Friday.
Tokyo rubber futures rose modestly in thin trade on Friday, supported by the yen's sharp fall after surprisingly weak Japanese growth data, but rubber faced stiff technical resistance amid a dearth of strong buying factors.
Malaysian tin rose $40 a tonne on Friday on a technical price adjustment as the value of the metal remained firm in London despite corrections in Kuala Lumpur this week.
The Australian wool market fell 1.4 percent in average values this week as weak demand and a large offering pushed prices lower, analysts said on Friday.
Comex copper futures rallied on Friday but ended below fresh four-month highs as a sharp drop in the dollar sparked technical buying by funds and the trade, with a copper mine accident on Thursday in Chile lending support, traders and analysts said.
Comex gold advanced above the $400 an ounce mark on Friday on the back of a blow-out in the US trade deficit to a record in June, which convinced investors that the dollar remained too expensive to make US exports competitive.
Oil surged to fresh historic peaks this week, above 46 dollars per barrel in New York, fuelled by concerns over disruptions to supply in the wake of reduced exports from Iraq, the fear of strike action in major producer Venezuela and the financial crisis
US corporate bond spreads were unchanged to a touch tighter on Friday after a record US trade deficit in June confirmed hopes that the Federal Reserve can take its time in raising interest rates.
US corporate bond spreads were unchanged to a touch tighter on Friday after a record US trade deficit in June confirmed hopes that the Federal Reserve can take its time in raising interest rates.
US Treasury debt prices rallied on Friday as the latest trade and consumer data cast doubt on conventional wisdom that the US economy is poised for stronger growth ahead.
US Treasury debt prices rallied on Friday as the latest trade and consumer data cast doubt on conventional wisdom that the US economy is poised for stronger growth ahead.
Toronto stocks ended a difficult week on a positive note on Friday as investors welcomed computer maker Dell Inc's upbeat outlook, while gold and energy stocks buoyed the market.
European shares may test new 2004 lows next week as oil prices and economic data still dictate investor mood and overshadow earnings from food titan Nestle and financial giant Allianz.
Chilean stocks fell slightly on Friday as the market took a breather from its recent run-up, eyeing foreign markets where record high oil prices have limited stock gains, analysts said.
Mexican stocks dipped on low volume on to close lower on Friday, but the peso gained, after the central bank left monetary policy unchanged. The IPC benchmark stock index declined 0.22 percent to end at 9,790.62 points with 28 million shares traded.
Record high oil prices sent Brazilian stocks lower on Friday in a market already concerned about a court ruling next week on the government's pension reform.
The Canadian bonds slipped on Friday as the domestic economic numbers upped the odds of a September rate hike by the Bank of Canada. But some issues rose as the US reports showed benign inflation, a widening US trade gap, and softer consumer sentiment, al
The Canadian bonds slipped on Friday as the domestic economic numbers upped the odds of a September rate hike by the Bank of Canada. But some issues rose as the US reports showed benign inflation, a widening US trade gap, and softer consumer sentiment, al
The Malaysian distributor of Kia cars, Naza Group, is poised to bid for a 19.4 percent stake in motor and financial group DRB-Hicom Bhd, a business weekly said on Saturday.
The Malaysian distributor of Kia cars, Naza Group, is poised to bid for a 19.4 percent stake in motor and financial group DRB-Hicom Bhd, a business weekly said on Saturday.
US stocks ended slightly higher on Friday but stayed near lows for the year as oil prices surged past $46 a barrel, offsetting a positive outlook from computer maker Dell Inc.
Fighting in Georgia's separatist South Ossetia region came to a halt Saturday as a cease-fire took effect amid a push to end fighting that has left several dead and dozens injured in recent days, officials said.
Rescue workers in eastern China searched for more victims while residents cleaned up on Saturday after one of the worst typhoons to hit the region in seven years killed 115 people and injured more than 1,800.
Hutu rebels and allied attackers armed with guns and machetes killed at least 159 people in "a plan of genocide" at a camp for Tutsi Congolese refugees in western Burundi, the army said on Saturday.
India executed a criminal for the first time in 13 years on Saturday, a 41-year-old man convicted of raping and killing a schoolgirl in the eastern city of Calcutta.
The United States plans to withdraw about 70,000 troops from Europe and Asia in a major realignment of American military presence prompted by the end of the Cold War and the beginning of the war on terrorism, US officials said on Saturday.
Ayatollah Ali al-Sistani, Iraq's most influential Shia cleric who has been a voice for moderation, has successfully undergone heart surgery in London, an aide said on Saturday.
Iraq's much-anticipated national conference, seen as a major experiment in democracy, will open Sunday, the president of the preparatory committee confirmed Saturday.
The foam that struck the space shuttle Columbia after lift-off and led to the deaths of all seven astronauts on board was defective, Nasa said on Friday.
There are signs of the Taleban leadership "falling apart", a US military spokesman said on Saturday, citing reports this week that a breakaway faction no longer recognises Mullah Mohammad Omar.
Julia Child, the grande dame of US television cooking shows whose operatic voice and irreverent attitude brought French haute cuisine into America's humble kitchens, died in her sleep at her California home on Friday at the age of 91.
President Hugo Chavez's left-wing government said late Friday Venezuela's people, including oil workers, would not accept his defeat in Sunday's referendum on his rule.
Radical Shia cleric Moqtada al-Sadr's behaviour has been "unlawful and harmful" but it was up to Iraq's government to decide how to bring order before elections, US Defence Secretary Donald Rumsfeld said on Saturday.
The first elements of a 300-strong African Union protection force left Kigali on Saturday for Sudan's troubled region of Darfur, where they are to help restore stability after clashes between the government and rebel forces.
Pope John Paul, calling himself a sick man among the sick, arrived in the world's premier Roman Catholic "miracle shrine" on Saturday and urged society not to cast aside the old and the suffering.
Iran's Olympic team chief said world judo champion Arash Miresmaeili should receive a $115,000 reward for refusing to compete against Israel in his first-round match at the Athens Olympics.
Michael Phelps made the perfect start to his bid to win a record eight gold medals in Athens when he broke his own world record to win the 400 metres individual medley on Saturday.
China's shooters won the first two gold medals of the Athens Olympics on the first full day of competition on Saturday as swimming stars Michael Phelps and Ian Thorpe began what is expected to be one of the great rivalries of the Games.
Sri Lanka's Muttiah Muralitharan will have surgery on a career-threatening shoulder injury on Monday and is expected to be out of cricket for four months, his surgeon David Young said on Saturday.
Heads of state and government as well as royals from 20 countries, including Britain's Prime Minister Tony Blair, subscribed Saturday in Athens to the Olympic truce agreement symbolically agreeing to suspend armed conflict during the Olympic Games.
Asian rivals India and Pakistan step into difficult opening matches of the Olympic men's field hockey on Sunday determined to reclaim glory that was once theirs.
As of June 2003, there were 42 Portuguese Investment Funds Management Companies, 16 of them managing conventional Mutual Funds and 26 managing only Real Estate Funds.
As we celebrated our 57th Independence Day with the usual "zeal and fervour", we are compelled to ask ourselves as to what have we achieved and where we are heading-"kia khoya-kia paia"?
India's congested financial hub, Bombay, stands to gain vital new breathing space with the freeing-up of a vast tract of land belonging to textile mills which once were the city's industrial backbone.
The records of the period from the beginning of British rule in the 18th century up to the end of the first quarter of the twentieth century show that most of the decisions which apparently should have been academic were dictated under political considera
It is gratifying, indeed, to learn from a report that at long last the main factors hampering trade facilitation in the country were identified at a brainstorming session of the Trade Facilitation Project, held in Karachi last month.