Japan's Sharp Corp said on Wednesday its first-half profit jumped 32 percent to a record on strong demand for liquid crystal display panels, LCD TVs and mobile phones, but it left its full-year forecast unchanged.
Japan's Sharp Corp said on Wednesday its first-half profit jumped 32 percent to a record on strong demand for liquid crystal display panels, LCD TVs and mobile phones, but it left its full-year forecast unchanged.
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
Chip designers from Netherlands-based Philips Electronics and Britain-based ARM said on Wednesday they will introduce a robust and low-power processor based on a completely new, "clockless" design.
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
Australia's newly re-elected government conceded for the first time Wednesday that its decision to participate in the Iraq conflict may have increased the terrorist threat to its national interests.
Sony Corp will retail its new PlayStation Portable (PSP) handheld game console for a lower-than-expected 19,800 yen ($186) in Japan as it goes head-to-head with a new game console to be launched by rival Nintendo Co Ltd.
Confidence among Italian manufacturing firms was slightly stronger than expected in October, edging up on lower inventories and better output prospects, research group ISAE said on Wednesday.
A Paris auction of furniture belonging to late French president Francois Mitterrand has raised 80,200 euros (102,000 dollars), most of which is to go to help a son of the former leader who is drowning under waves of criminal allegations.
President General Pervez Musharraf has underscored the importance of intensive peacetime training, as it gave the Pakistan Armed Forces a qualitative edge over the adversary.
The Karachi Port handled 77,217 tonnes of cargo including 50,272 tonnes import and 26,945 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday.
After a lengthy review of petitions, the National Electric Power Regulatory Authority (Nepra) on Wednesday allowed all power distribution companies (Discos) to increase their tariffs, official sources told Business Recorder. Comparison of new and e
After a lengthy review of petitions, the National Electric Power Regulatory Authority (Nepra) on Wednesday allowed all power distribution companies (Discos) to increase their tariffs, official sources told Business Recorder. Comparison of new and e
Late and light commercial buying in thin trading buoyed Chicago Board of Trade soft red winter wheat futures to a mostly firm close on Tuesday, traders said.
Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where bears continued to stay in the front seat amid he decrease in the ISE index. The ISE network index showed a decrease of 48.90 points as the price-based indicator moved from
Britain's farm ministry on Wednesday estimated the UK wheat export surplus at 3.1 million tonnes for the 2004/05 (July-June) season, an increase of 40 percent on the previous season's 2.2 million tonnes.
Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where bears continued to stay in the front seat amid he decrease in the ISE index. The ISE network index showed a decrease of 48.90 points as the price-based indicator moved from
Interior corn basis bids were steady to weak in the US Midwest early Wednesday as the harvest progressed, while soyabean bids were firm in the interior and weak at river locations, dealers said.
Activity remained slow on Lahore the Stock Exchange (LSE) on Wednesday. There was little change in the index following lack of buying support from key players, who stayed at a distance, perturbed by fresh killings in Wana and reports of growing prospects
New buying demand and a thinning stock in Vietnam, the world's second-largest rice exporter, have firmed prices by about 4.5 percent in the past two weeks and they should remain there until year end, traders said on Wednesday.
Activity remained slow on Lahore the Stock Exchange (LSE) on Wednesday. There was little change in the index following lack of buying support from key players, who stayed at a distance, perturbed by fresh killings in Wana and reports of growing prospects
Soaring freight rates are piling pressure on sugar buyers and may force Indian millers, who need to import after drought-hit cane harvests, to buy whites rather than raws, analysts said on Wednesday.
The tally of declines slowed down at Karachi Stock Exchange on Wednesday following healthy results from the corporate sector showing that companies have maintained growth levels and soon would attract buying from seasoned investors. The KSE-100 index fell
China will produce 10 percent more copper next year, but it must import more raw materials to maintain growth and fill around a third of its refined copper needs, a leading state-owned analyst said.
The tally of declines slowed down at Karachi Stock Exchange on Wednesday following healthy results from the corporate sector showing that companies have maintained growth levels and soon would attract buying from seasoned investors. The KSE-100 index fell
Fauji Fertiliser Ltd, Pakistan's largest fertiliser maker, said its fiscal third quarter profit rose 97 percent; Oil & Gas Development Co, and National Refinery by 59 percent and 79 percent, respectively. Fauji's profit in July-September rose to Rs 1.53 b
Prices were higher in cotton market on Wednesday as exporters and mills indulged in fresh buying on news that the Trading Corporation of Pakistan (TCP) is likely to tender for export of nearly 20,000 bales cotton in the near future, dealers said.
Fauji Fertiliser Ltd, Pakistan's largest fertiliser maker, said its fiscal third quarter profit rose 97 percent; Oil & Gas Development Co, and National Refinery by 59 percent and 79 percent, respectively. Fauji's profit in July-September rose to Rs 1.53 b
Spot hard red winter wheat basis bids in the US Plains were steady to firmer on Wednesday in response to sluggish movement out of the country, merchants said.
The USA has imposed embargo on the export of shop towel falling under Category 369(S) from Pakistan with immediate effect. The information about the embargo has been conveyed to the Towel Manufacturers Association (TMA) by the Export Promotion Bureau (EPB
The USA has imposed embargo on the export of shop towel falling under Category 369(S) from Pakistan with immediate effect. The information about the embargo has been conveyed to the Towel Manufacturers Association (TMA) by the Export Promotion Bureau (EPB
A meeting here presided over by Prime Minister Shaukat Aziz reviewed targets and goals of the Ministry of Privatisation and Investment on Wednesday. The Prime Minister expressed satisfaction over the pace of privatisation programme. He said that privatisa
US coffee futures edged up on Tuesday, extending yesterday's gains amid small speculative interest and contract rollover between the two front months, traders said.
A meeting here presided over by Prime Minister Shaukat Aziz reviewed targets and goals of the Ministry of Privatisation and Investment on Wednesday. The Prime Minister expressed satisfaction over the pace of privatisation programme. He said that privatisa
US cocoa futures posted modest gains on speculative buying on Tuesday, but prices failed to move out of a persistent trading range as farmgate price talks continue in top grower Ivory Coast, traders said.
India's Congress party and a key ally hammered out a deal on Wednesday under which Congress would retain the top job in the country's second most populous state, ending days of haggling after winning polls this month.
Soybean crops in key South American producers Brazil and Argentina will increase in 2005 but the rise will not be as large as some have forecast, Hamburg-based newsletter Oil World said.
Iraqi-British hostage Margaret Hassan has urged Britain to withdraw its troops from Iraq and free Iraqi women prisoners, Al Jazeera reported on Wednesday.
Monsanto Co on Tuesday hailed a decision by the European Union to allow the import of food products made with the company's genetically modified corn, but said it was not expected to significantly boost the company's bottom line any time soon.
Balochistan's biggest child health care, children hospital Quetta is facing a host of problems including finances following tussle between the Balochistan government and the Board of Directors of CHQ.
Comex copper futures closed slightly higher on Tuesday in light trading, recapturing some of Monday's losses, with little long liquidation to lend pressure, traders said.
ABC News has asked US security officials to examine a videotape it obtained in Pakistan of an English-speaking man threatening a massive attack on the United States in retaliation for its war against al Qaeda, the network said on Wednesday.
Tokyo gold futures edged down on Wednesday as a slight recovery by the dollar against the yen prompted profit taking, but were supported as uncertainty ahead of the US presidential election drew safe-having buying.
Concerned authorities directed to ensure just utilisation of Jahez grant meant for the industrial workers of District Swat and prepare a database of industrial workers within two weeks time to ensure transparency in the distribution.
Comex gold futures backtracked on Tuesday after on Monday's settlement at a near 16-year peak, as the dollar recovered from an eight-month low against the euro on better-than-expected US consumer confidence data.
The Resource Group ("TRG") on Wednesday announced the acquisition of TeleSpectrum Worldwide Inc. TeleSpectrum, is one of the twenty largest call center companies in North America.
Gold was a touch lower in Asia on Wednesday as the dollar rebounded against the euro, but dealers said the metal remained a safe haven amid high oil prices and worries about the US economy.
A senior Iraqi diplomat was shot dead on Wednesday while walking home from Iraq's foreign ministry by unknown attackers who at first tried to kidnap him, a ministry source said.
Violence in southern Thailand has prompted many rubber tappers to stay at home and could hit output from the world's top producer and exporter, traders and officials said on Wednesday.
The State Bank has decided to revise and replace the 'Fit and Proper Criteria for Appointment of Shariah Advisers'. "In order to facilitate the Islamic banking institutions, the Shariah Board of State Bank of Pakistan has revised the 'Fit and Proper Crite
Malaysian crude palm oil futures are expected to end the year at their current level of around 1,400 ringgit ($368) a tonne despite fears of a slump forced by rival soyabean oil, a senior industry official said.
The State Bank has decided to revise and replace the 'Fit and Proper Criteria for Appointment of Shariah Advisers'. "In order to facilitate the Islamic banking institutions, the Shariah Board of State Bank of Pakistan has revised the 'Fit and Proper Crite
Tokyo rubber futures slipped on Wednesday, after hitting a one-week high a day, as the oil market took a breather from a record-breaking rally and on caution about the yen's strength against the dollar, brokers said.
The government has directed Punjab and Sindh governments to invoke Sugar Act and other provincial laws against defaulter sugar mills to force them to pay dues to the growers for 2002-03 and 2003-04 seasons. In its directive, the Ministry of Industries and
The government has directed Punjab and Sindh governments to invoke Sugar Act and other provincial laws against defaulter sugar mills to force them to pay dues to the growers for 2002-03 and 2003-04 seasons. In its directive, the Ministry of Industries and
The auction for three-month and 12-month Treasury Bills (TBs) failed to attract the targeted amount of Rs 50 billion, as money market dealers were demanding substantial hike in short-term yields. Total bidding amount was Rs 43.05 billion. Treasury Bills w
Rough rice futures at the Chicago Board of Trade closed steady on Tuesday, with rolling of November positions before first notice day on Friday featured, traders said.
The auction for three-month and 12-month Treasury Bills (TBs) failed to attract the targeted amount of Rs 50 billion, as money market dealers were demanding substantial hike in short-term yields. Total bidding amount was Rs 43.05 billion. Treasury Bills w
Most Thai rice futures contracts closed lower on Wednesday as players unwound positions and took profits from gains seen on the previous day, brokers said.
The auction for three-month and 12-month Treasury Bills (TBs) failed to attract the targeted amount of Rs 50 billion, as money market dealers were demanding substantial hike in short-term yields. Total bidding amount was Rs 43.05 billion. Treasury Bills w
The Cabinet on Wednesday approved issuance of new currency notes of Rs 20 and Rs 5000 on recommendations of the State Bank of Pakistan. The Cabinet also approved major reforms in housing sector for Islamabad. The Cabinet meeting, chaired by Prime Minister
Malaysian crude palm oil futures ended lower in thin trading on Wednesday on speculation that prices could take a further hit due to pressure from rival US soyoil.
The Cabinet on Wednesday approved issuance of new currency notes of Rs 20 and Rs 5000 on recommendations of the State Bank of Pakistan. The Cabinet also approved major reforms in housing sector for Islamabad. The Cabinet meeting, chaired by Prime Minister
South Korean mobile phone makers continued a rapid move up the global market rankings during the third quarter, while growth in the wider mobile phone market slowed, a survey found on Wednesday.
Russian energy giant Gazprom and Ukrainian state-owned energy firm Naftogaz reached an agreement Wednesday on construction of the first stretch of a pipeline to carry Russian gas to Europe.
Deutsche Bank, Germany's biggest bank, is considering cutting jobs in its high-street banking operations and even moving its administrative headquarters away from Germany in the long run, the bank's supervisory board chief said in a magazine interview Wed
Comcast Corp, the largest US cable operator, on Wednesday posted a quarterly profit that fell short of Wall Street forecasts but reported better-than-expected gains in high-speed Internet customers.
Comcast Corp, the largest US cable operator, on Wednesday posted a quarterly profit that fell short of Wall Street forecasts but reported better-than-expected gains in high-speed Internet customers.
The World Trade Organisation (WTO) gave the European Union a pat on the back on Wednesday for its "generally open" trade policy, but said it could do better in the farm and services sectors.
Germany, the biggest contributor to the European Union budget, is questioning whether such transfers should be counted as part of national budget deficits, Chancellor Gerhard Schroeder said on Wednesday.
The state-run Taiwan Sugar Corp has sealed a deal for 34,000 tonnes of white, bagged sugar from Dubai's Al Khaleej Sugar Co (AKS), said a company source on Wednesday.
Ishrat Husain, Governor, State Bank of Pakistan on Friday, October 22 visited United Bank's newly renovated City (Model) Branch located on I.I. Chundrigar Road.
South Africa's main labour federation on Wednesday threatened to blockade a border crossing with Zimbabwe after President Robert Mugabe's government deported a union fact-finding team accused of aiding his enemies.
China should fine-tune economic cooling policies by easing state-imposed curbs on bank loans and raising interest rates when necessary instead, a top government think-tank and economist were quoted on Wednesday as saying.
India's influential communist bloc on Wednesday stepped up pressure on the new government it supports with a determined call to suspend privatisation moves.
Exports from Bangladesh's six export processing zones (EPZs) increased 12.5 percent to $1.35 billion in the 2003/04 fiscal year, a senior official said on Wednesday.
China, whose heavy coal demand has caused transport bottlenecks at home and price rises globally, has unveiled plans to build more railways to help alleviate supply shortages, state media said Wednesday.
A new Silk Road connecting China's hinterland with the industrial centres of western Europe is expected to be completed within 10 years, officials involved in the project were cited as saying Wednesday.
Internet search company Google Inc has acquired Keyhole Corp, a supplier of online satellite maps that allow users to zoom down to street level to specific locations, Google said on Wednesday.
The European Union, preparing to revamp its banana import regime from 2006, on Wednesday signalled the start of what may be long and bitter negotiations by declaring a preferred entry tariff.
Procter & Gamble Co on Wednesday said quarterly profit rose 14 percent, boosted by demand for products like Head & Shoulders shampoo and Olay beauty products, and a gain from the recent sale of its juice business.
Procter & Gamble Co on Wednesday said quarterly profit rose 14 percent, boosted by demand for products like Head & Shoulders shampoo and Olay beauty products, and a gain from the recent sale of its juice business.
Boeing Co on Wednesday topped Wall Street expectations with a 78 percent jump in quarterly profit on strength in its defence operations, and raised its earnings forecast for 2004.
Boeing Co on Wednesday topped Wall Street expectations with a 78 percent jump in quarterly profit on strength in its defence operations, and raised its earnings forecast for 2004.