Coca-Cola Co, which warned earlier this week of lower-than-expected profits this year, said on Friday it will pay its new chief executive, Neville Isdell, a base salary of $1.5 million a year.
Coca-Cola Co, which warned earlier this week of lower-than-expected profits this year, said on Friday it will pay its new chief executive, Neville Isdell, a base salary of $1.5 million a year.
The European Union will appeal against a ruling by the World Trade Organisation (WTO) which said EU subsidies for sugar production broke international trade rules, French Agriculture Minister Herve Gaymard said in Mauritius on Saturday.
High prices are unlikely to erode India's booming demand for oil and the country has stepped up negotiations with producer nations to secure its energy supplies, said India's oil minister Mani Shankar Aiyar.
United Airlines said late Friday it will need about $500 million in annual cost cuts above the $655 million now in the works and also received court approval for more time to develop a reorganisation plan without interference from creditors.
An Ethiopian company has started producing generic drugs to treat HIV/AIDS that it plans to sell throughout east Africa at a lower cost than imported medicines.
COMEX copper futures ended above a key technical level for the second day in a row on Friday, which traders said augurs well for its near-term outlook despite mixed messages from economic readings.
Chinese crushers have bought up to six cargoes of US soyabeans this week, helped by a strong recovery in margins that provide security for wary international suppliers following massive defaults.
Australia has started battling its biggest plague of locusts in decades as billions of the insects hatch along a wide front covering much of the country's central east region.
India needs to increase its summer output of oilseeds and pulses to make up for an anticipated sharp fall in winter production because of poor rains, a senior government official said on Friday.
Shanghai copper futures jumped on Friday for the second straight day, buoyed by the twin factors of tight spot supply domestically and an overnight price surge on the London Metal Exchange, traders said.
Rough rice futures at the Chicago Board of Trade closed lower on Friday on follow-through selling from Thursday's weak close amid some farmer hedge pressure, traders said.
COMEX gold was consolidating with a slightly bid tone early Friday, enjoying some fund and investment bank interest before the release of an important barometer of US consumer confidence.
NYBOT raw sugar ended on Friday near session lows on speculative sales and switch trade, with more rollovers seen next week as players get ready for expiration of the October contract, brokers said.
Russian imports of palm oil, the major item in the country's vegetable oil imports, were 21,850 tonnes in July, down from 25,120 in the previous month, an analyst said on Friday.
Fresh arrivals from the upcountry market did not allow any commodity items to move any side except cottonseed oil cake, which tended up on increased demand, dealers said on Saturday.
South Korea said on Saturday plans to help the local construction industry avoid a drastic decline were on track, but reiterated concerns about the impact of cooling construction spending on the economy.
The dollar was broadly stronger on Friday as dealers unwound short dollar positions after an indicator of US consumer sentiment was seen as reasonably close to expectations, relieving pressure on the currency.
India's foreign exchange reserves rose to $118.26 billion on September 10 from $117.58 billion a week earlier, the Reserve Bank of India said in its weekly statistical supplement on Saturday.
Spanish gross domestic product growth will accelerate in the third quarter by a tenth of a percentage point or two compared with the second quarter, Economy Secretary David Vegara was quoted as saying on Saturday.
Speculators in IMM euro futures added a net long position in the week ended September 14, data from the Commodity Futures Trading Commission showed on Friday.
The Canadian dollar weakened on Friday, as Canada's inflation for August came in below expectations, prompting the market to rethink its expectations for future Bank of Canada interest rate hikes.
The Brazilian currency and stocks strengthened on Friday on signs the government may act to improve its fiscal position, while a modest interest rate rise late Wednesday buoyed expectations Brazil may enter a period of sustainable economic growth.
Shinhan Financial Group, South Korea's second-largest financial services firm, said on Saturday it will buy back a remaining 40.98 percent stake in its brokerage arm for around 200 billion won ($174.6 million), paving the way for delisting of the unit.
US corporate bond yield spreads finished firm on Friday despite an active week of supply, while bonds of Cardinal Health suffered significant widening after a ratings downgrade, traders said.
US corporate bond yield spreads finished firm on Friday despite an active week of supply, while bonds of Cardinal Health suffered significant widening after a ratings downgrade, traders said.
The Australian stock market is expected to remain near record highs next week following a strong corporate profit season and robust demand for resources, dealers said.
Emerging market debt spreads tightened on Friday as investors played the carry trade amid expectations the Federal Reserve will continue hiking interest rates at a measured pace.
Emerging market debt spreads tightened on Friday as investors played the carry trade amid expectations the Federal Reserve will continue hiking interest rates at a measured pace.
The Brazilian stocks strengthened on Friday on signs the government may act to improve its fiscal position, while a modest interest rate rise late Wednesday buoyed expectations Brazil may enter a period of sustainable economic growth.
Mexican stocks ended solidly higher on Friday as construction group ICA, cement maker Cemex and a handful of home builders gained and the peso strengthened 0.55 percent against the dollar.
Goldman Sachs Group Inc has offered to buy a stake in top Japanese consumer finance firm Takefuji Corp for $2.74 billion, domestic media said on Friday, heating up competition among foreign investors to enter a $97 billion industry.
Goldman Sachs Group Inc has offered to buy a stake in top Japanese consumer finance firm Takefuji Corp for $2.74 billion, domestic media said on Friday, heating up competition among foreign investors to enter a $97 billion industry.
US Treasury debt prices slipped on Friday after a key consumer sentiment report was not as weak as some dealers had suspected, triggering some profit-taking after Thursday's brisk rally.
US Treasury debt prices slipped on Friday after a key consumer sentiment report was not as weak as some dealers had suspected, triggering some profit-taking after Thursday's brisk rally.
The low inflation sent Canadian bond prices skyward on Friday, but they couldn't hold on to the gains by session's end, although Canadian issues outperformed their US counterparts.
The low inflation sent Canadian bond prices skyward on Friday, but they couldn't hold on to the gains by session's end, although Canadian issues outperformed their US counterparts.
US stocks ended higher on Friday after Ford Motor Co raised its earnings forecasts but gains on the Nasdaq were checked after wireless technology provider Qualcomm Inc said an accounting review may reduce pre-tax income.
The Ugandan government plans to include traditional and herbal healers in the general health sector by developing a national legal and regulatory framework within existing legislation, officials have said.
The United States said on Saturday Iran was "completely isolated" in its pursuit of an atom bomb, while talks at the UN nuclear agency stalled over what to demand of Tehran.
The UN nuclear watchdog called on Iran on Saturday to immediately halt activities related to uranium enrichment, a process that can be used to make atomic weapons.
North Korea will never dismantle its nuclear arsenal and will not resume talks on its atomic programmes unless the United States drops its "hostile" policy, the North's official KCNA news agency said on Saturday.
When British veteran Charles Grocett first saw the Ginkelse Heide, a piece of heathland near Arnhem, he was a 18-year-old paratrooper dodging enemy fire on Saturday he was back to commemorate the failed operation Market Garden, the largest airborne and gl
Democratic challenger John Kerry accused President George W. Bush of planning to call up large numbers of reservists for Iraq after the November election, but a new poll released Saturday indicated Kerry's new aggressive line is not working with voters.
France has released four of five suspected militants detained as part of a French inquiry into the September 11 attacks on the United States and will decide the fate of the fifth later on Saturday, a judicial source said.
British Prime Minister Tony Blair on Saturday denied reports that his foreign minister, Jack Straw, had warned him a year before the US-led invasion of Iraq that a war could push the country into chaos.
Talks aimed at reviving home rule in Northern Ireland and disbanding IRA guerrillas ended on Saturday without a final deal, British and Irish Prime Ministers Tony Blair and Bertie Ahern said.
Afghan President Hamid Karzai, who most Western governments want to see win an election on October 9, said on Saturday that foreign troops would remain until the country's own fledgling forces can take the charge of stability.
The White House removed Costa Rica from its Internet list of Iraq coalition members on Friday after the Central American nation asked to be excluded from the roster of countries that support US policy in Iraq.
The European Commission said on Saturday it wanted to know from Ankara if its penal code reforms, including a controversial ban on adultery, will be in place or changed before a key EU decision on talks next month.
Secrecy shrouded a meeting of China's Communist Party for a third day on Saturday, but party sources said military chief Jiang Zemin was likely to give up his last post due to ill health, completing a leadership succession.
Pope John Paul II on Saturday issued a new appeal for peace in Iraq and the Middle East, condemning the "horror" of violence as well as "the terrorism that cruelly targets the innocent".
Pakistan captain Inzamam-ul-Haq brushed aside security fears ahead of his side's winner-take-all Champions Trophy match against India at Edgbaston here Sunday, saying he anticipated a "lovely atmosphere" at the 21,000 sell-out game.
England will meet Australia in next week's Champions Trophy semi-finals after heavy rain in Southampton gave them a 49-run win over Sri Lanka under the Duckworth/Lewis system in their Group D decider on Saturday.
West Indies will require another 227 runs from 44 overs to beat South Africa in the ICC Champions Trophy Pool B game here at the Oval on Sunday and go through to the semi-finals of the competition.
The long ordeal of six petty thieves locked up in a mud-brick Nigerian jail waiting for their hands to be chopped off has revived a simmering controversy over the reintroduction of Islamic Sharia law.
The asset management industry (institutional and retail) in Singapore grew by 12% in 2002, bucking the trend of consolidation in the industry globally.
Karachi, which was once a city of peace, prosperity and home to a multitude of different ethnicities, living in harmony with each other, is today a city in distress. It has become hostage to a weird and egoistic man, who all his life called himself a refu
A lot is being expected from Shaukat Aziz after his taking over as the PM of the country, which is equally being derided by the opposition for his not having a political background. I do not wish to disappoint the optimists but the fact is that whatever h
The heady aroma of oriental perfume wafts through Saudi Arabia's shopping malls, luring customers to drop hundreds of dollars for a tiny flask of oud, the signature scent of Arabia.
Skyscrapers, sprawling resorts, malls and residential complexes are mushrooming across the desert sands of Dubai, a Gulf emirate in the throes of an apparently endless construction frenzy.
Our cities have high levels of pollution which is causing health problems for the citizens. The civic and other government authorities are adopting measures to reduce the level of pollution within safe limits. Some of the district governments have evacuat
The outrageous case involving three American mercenaries in the imprisonment and torture of Afghans in their own country took an interesting turn on Wednesday when a Kabul court announced its judgement. The trio, a former Green Beret, Jonathan Idema; anot
Speaking at a press conference in his office on Wednesday (September 15), Sindh Minister for Information Technology, Mustafa Kamal gave the glad tidings of this variously depressed province gaining a great deal from the ongoing improvements in the Informa
Hall Road Traders Association (HRTA) President Babar Ali Khan and McLeoad Road Traders (MRT) have announced full support to 'The Founders' candidates in the elections of Lahore Chamber of Commerce and Industry (LCCI), it was learnt here on Saturday.
Pakistan Muslim League (PML-N) President Shahbaz Sharif's wife Nusrat Shahbaz along with her two daughters, Jawaria Shahbaz and Rabia Shahbaz arrived here on Saturday.
Terming the conviction of Syed Yousuf Raza Gilani as punishment to Democracy, former Senator Asif Ali Zardari said that government by using such tactics would not suppress the popular voice of people for democracy.
Landhi Association of Trade and Industry (LATI) has urged City Nazim Naimatullah Khan to direct the Karachi Water and Sewerage Board (KWSB) to repair the overflowing main sewerage line at Hussain Chowrangi causing damage to roads and inconvenience in traf
Government of NWFP has asked federal government to provide Rs 35 million for the rehabilitation and improvement in the infrastructure in different industrial estates of the province, said Secretary Commerce and Industries, NWFP Shahrukh Arbab, while talki
Sindh Food and Agriculture Minister Arif Mustafa Jatoi has said that Rs 7.55 million of sugarcane growers' dues is outstanding against three mills for the crushing season 2004 for which settlement efforts were being made.
Court has allowed Asif Ali Zardari for walk in the premises of Pakistan Institute of Medical Sciences and has turned downed the argument of the prosecution regarding the security measures.
The Pakistan Bedwear Exporters Association (PBEA) has welcomed the 4,000 tonnes grant of Exceptional Flexibility (EF) quota by the European Union (EU), and said that it would help increase export earnings considerably in the last quota year.
The essential commodities, fruits and vegetable prices, which are already expensive for the public, showing a significant increase in their current levels ahead of Ramazan, a fresh report prepared after the survey of several markets and shops.
The State Bank of Pakistan (SBP) has issued a commercial banking licence to the SME Bank Limited. The bank is expected to commence commercial banking operations by the end of 2004.
The Sindh Assembly began its session on Saturday at 11:30 a m, 120 minutes late from scheduled time, and was adjourned just 45 minutes later after noisy scenes, wild accusations of trivial nature against the leaders of different parties and pandemonium, t
The accountability court has charge-sheeted accused Muhammad Ayaz, clerk SP Skardu and his agent Tufail for inflicting huge loss to the national exchequer through bogus registration of non-customs-paid vehicles.
The government has launched a project involving expenditure of Rs 3.5 billion to build capacity of public sector institutions and civil servants working in key federal and provincial ministries and regulatory agencies.
Prime Minister of Azad Jammu and Kashmir Sardar Sikander Hayat Khan has urged the overseas Kashmiris to speed up their efforts at international level and make a combined struggle from a single platform regarding the durable and lasting solution of the Kas
Dr Nasim Ashraf, chairman of the National Commission for Human Development (NCHD), has said with continuity of policies, the Pakistan government has initiated vigorous measures for rapid uplift in the social and economic spheres.