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Nov 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-10-29
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

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
Published 29 Oct, 2004 12:00am
Pressure on rupee to ease next month: SBP governor

Pressure on rupee to ease next month: SBP governor

State Bank of Pakistan (SBP) Governor Dr Ishrat Husain on Thursday said that with the issuance of bonds and disbursements from the World Bank and the Asian Development Bank (ADB) next month the pressure on rupee would definitely be released.
Published 29 Oct, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

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
Published 29 Oct, 2004 12:00am
Musharraf for export boost to curb extremism

Musharraf for export boost to curb extremism

President General Pervez Musharraf has urged the commerce and foreign affairs ministries to make co-ordinated efforts for bolstering exports to the EU countries and the US, saying the resultant increase in the economic activity would help in reducing pove
Published 29 Oct, 2004 12:00am
Musharraf for export boost to curb extremism

Musharraf for export boost to curb extremism

President General Pervez Musharraf has urged the commerce and foreign affairs ministries to make co-ordinated efforts for bolstering exports to the EU countries and the US, saying the resultant increase in the economic activity would help in reducing pove
Published 29 Oct, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (October 28, 2004).
Published 29 Oct, 2004 12:00am
ISE equities stay depressed

ISE equities stay depressed

Equities continued to show negative signs on the Islamabad Stock Exchange (ISE) where bears remained in the driving seat amid the decrease in the index. The ISE network index was down by 31.35 points as the rate-based indicator moved from 11,437.54 to 11,
Published 29 Oct, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (October 28, 2004).
Published 29 Oct, 2004 12:00am
ISE equities stay depressed

ISE equities stay depressed

Equities continued to show negative signs on the Islamabad Stock Exchange (ISE) where bears remained in the driving seat amid the decrease in the index. The ISE network index was down by 31.35 points as the rate-based indicator moved from 11,437.54 to 11,
Published 29 Oct, 2004 12:00am
LSE remains range-bound

LSE remains range-bound

Downdrift continued on Lahore Stock Exchange (LSE) with activity remaining range-bound, following lack of fresh buying interest from seasoned investors who did not change their approach to avoid taking long and short positions ahead of Eid. The LSE-25 ind
Published 29 Oct, 2004 12:00am
LSE remains range-bound

LSE remains range-bound

Downdrift continued on Lahore Stock Exchange (LSE) with activity remaining range-bound, following lack of fresh buying interest from seasoned investors who did not change their approach to avoid taking long and short positions ahead of Eid. The LSE-25 ind
Published 29 Oct, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 83,408 tonnes of cargo including 55,084 tonnes import and 28,324 tonnes export cargo during last 24 hours ending at 0700 hours on Thursday.
Published 29 Oct, 2004 12:00am
Bears rampage on stock market

Bears rampage on stock market

The stock market for the second consecutive session received battering from bears, and index closed in a negative territory where lack of support from institutions shrank the daily volume. The KSE-100 index fell 15.74 points or 0.3 percent to 5367.68 as c
Published 29 Oct, 2004 12:00am
FOB Gulf corn and soya mostly steady

FOB Gulf corn and soya mostly steady

US Gulf corn and soyabean basis offers were mostly steady on Wednesday, with soya prices in the CIF barge market slumping after Tuesday's rally.
Published 29 Oct, 2004 12:00am
Bears rampage on stock market

Bears rampage on stock market

The stock market for the second consecutive session received battering from bears, and index closed in a negative territory where lack of support from institutions shrank the daily volume. The KSE-100 index fell 15.74 points or 0.3 percent to 5367.68 as c
Published 29 Oct, 2004 12:00am
IGC raises wheat, coarse grain output forecasts

IGC raises wheat, coarse grain output forecasts

World coarse grain output is expected to jump to record levels this season as growers in Europe and the United States harvest big crops of maize, the International Grains Council (IGC) said on Thursday.
Published 29 Oct, 2004 12:00am
Coal prices may jump as China cuts exports

Coal prices may jump as China cuts exports

Coal prices in the country are likely to register an increase as China has cut its coal exports by 10 million tonnes per annum. This will also put pressure on cement prices in the local market. This was stated by Najib Balagamwala of Seatrade, which arran
Published 29 Oct, 2004 12:00am
US Plains HRW wheat steady

US Plains HRW wheat steady

Spot hard red winter wheat basis bids in the US Plains were mostly steady on Thursday morning amid very slow country movement, merchants said.
Published 29 Oct, 2004 12:00am
Coal prices may jump as China cuts exports

Coal prices may jump as China cuts exports

Coal prices in the country are likely to register an increase as China has cut its coal exports by 10 million tonnes per annum. This will also put pressure on cement prices in the local market. This was stated by Najib Balagamwala of Seatrade, which arran
Published 29 Oct, 2004 12:00am
US Midwest soya bids firm, corn mixed

US Midwest soya bids firm, corn mixed

Spot soyabean basis bids were steady to firm in the interior US Midwest on Thursday on a lack of country movement, while corn bids were mixed amid scattered harvest selling, dealers said.
Published 29 Oct, 2004 12:00am
Package for power sector investors approved

Package for power sector investors approved

Water and Power Minister Liaquat Ali Jatoi has stressed upon the need to incorporate changes in the regulations of National Electric Power Regulatory Authority (Nepra) and Private Power Infrastructure Board (PPIB) to enhance investors confidence. "The reg
Published 29 Oct, 2004 12:00am
Kenyan sugar output seen rising to record 500,000 tonnes

Kenyan sugar output seen rising to record 500,000 tonnes

Kenya expects to produce a record 500,000 tonnes of sugar in 2004, a 12.8 percent rise on last year, boosted by reforms that have ensured farmers are paid promptly for cane, a senior industry official said on Thursday.
Published 29 Oct, 2004 12:00am
Package for power sector investors approved

Package for power sector investors approved

Water and Power Minister Liaquat Ali Jatoi has stressed upon the need to incorporate changes in the regulations of National Electric Power Regulatory Authority (Nepra) and Private Power Infrastructure Board (PPIB) to enhance investors confidence. "The reg
Published 29 Oct, 2004 12:00am
India to send first soyameal consignment to China

India to send first soyameal consignment to China

India is set to make its first shipment of soyameal to China this year, raising traders' hopes of more sales, but a bumper US soyabean harvest and chances of a good South American crop were dampening overall export prospects.
Published 29 Oct, 2004 12:00am
Exporters for drawback regime rationalisation

Exporters for drawback regime rationalisation

The Commerce Ministry will ask the Central Board of Revenue (CBR) to resolve the problem pertaining to duty drawback regime on the export of PSF-based textile products by the textile industry. Commerce Minister Humayun Akhtar Khan assured this to exporter
Published 29 Oct, 2004 12:00am
Large turnover reported in cotton market

Large turnover reported in cotton market

Though cotton market was relatively quiet on Thursday afternoon, but the over all tempo of purchases has been quite brisk this week. Brokers said in Karachi that last Wednesday a turnover of 125,000 bales was reported in the ready market including the sal
Published 29 Oct, 2004 12:00am
Exporters for drawback regime rationalisation

Exporters for drawback regime rationalisation

The Commerce Ministry will ask the Central Board of Revenue (CBR) to resolve the problem pertaining to duty drawback regime on the export of PSF-based textile products by the textile industry. Commerce Minister Humayun Akhtar Khan assured this to exporter
Published 29 Oct, 2004 12:00am
Large turnover reported in cotton market

Large turnover reported in cotton market

Though cotton market was relatively quiet on Thursday afternoon, but the over all tempo of purchases has been quite brisk this week. Brokers said in Karachi that last Wednesday a turnover of 125,000 bales was reported in the ready market including the sal
Published 29 Oct, 2004 12:00am
Main hurdles in industrial sector growth identified

Main hurdles in industrial sector growth identified

The business community has termed political instability, worsening law and order situation, duplication of agencies, multiple taxation and high cost of investment as main hindrances in growth of industrial sector. This was the outcome of a four-hour-long
Published 29 Oct, 2004 12:00am
Oil cake market rates

Oil cake market rates

Declining trend was seen on the forward cottonseed oilcake market on Thursday as most of the buyers kept on the sidelines on anticipation of further fall in the prices, dealers said.
Published 29 Oct, 2004 12:00am
Main hurdles in industrial sector growth identified

Main hurdles in industrial sector growth identified

The business community has termed political instability, worsening law and order situation, duplication of agencies, multiple taxation and high cost of investment as main hindrances in growth of industrial sector. This was the outcome of a four-hour-long
Published 29 Oct, 2004 12:00am
Phutti prices up on cotton market

Phutti prices up on cotton market

Prices extended overnight gains on the cotton market on Thursday following the rising demand by the mills and exporters, dealers said.
Published 29 Oct, 2004 12:00am
Kasuri dispels doubts about flexibility on Kashmir

Kasuri dispels doubts about flexibility on Kashmir

Foreign Minister Khursheed Mehmood Kasuri has said that neither Pakistan has bowed down to anybody's dictation nor will there be any unilateral flexibility when it comes to discussion on Kashmir dispute. He was addressing a press conference at the State G
Published 29 Oct, 2004 12:00am
Tea prices mixed on Jodia Bazar

Tea prices mixed on Jodia Bazar

The trading on tea sector moved mixed trend on Jodia Bazar on Thursday (October 28, 2004).
Published 29 Oct, 2004 12:00am
Kasuri dispels doubts about flexibility on Kashmir

Kasuri dispels doubts about flexibility on Kashmir

Foreign Minister Khursheed Mehmood Kasuri has said that neither Pakistan has bowed down to anybody's dictation nor will there be any unilateral flexibility when it comes to discussion on Kashmir dispute. He was addressing a press conference at the State G
Published 29 Oct, 2004 12:00am
Mixed pattern on grain market

Mixed pattern on grain market

Prices moved both ways on the grain market on Thursday amid modest trading, dealers said.
Published 29 Oct, 2004 12:00am
Eidul Fitr likely on November 15

Eidul Fitr likely on November 15

Pakistan Meteorological Department said that Eidul Fitr would fall on Monday, November 15 across the country.
Published 29 Oct, 2004 12:00am
New York cocoa ends up on spec buying, prices range-bound

New York cocoa ends up on spec buying, prices range-bound

US cocoa futures firmed on Wednesday on speculative buying spawned by overnight political tension in top grower Ivory Coast, although prices failed to move above a lingering trading range, traders said.
Published 29 Oct, 2004 12:00am
Spain investigating 10 Pakistani terror suspects

Spain investigating 10 Pakistani terror suspects

Spanish judge Ismael Moreno on Thursday opened an investigation into 10 Pakistani nationals detained last month in Barcelona and suspected of links to terrorist organisations, judicial sources said.
Published 29 Oct, 2004 12:00am
New York coffee ends at three-week high on fund buying

New York coffee ends at three-week high on fund buying

US coffee futures sprinted more than 2 percent to a three-week high on Wednesday, bolstered by speculative fund buying and a lack of strong producer selling from arabica-rich Brazil, traders said.
Published 29 Oct, 2004 12:00am
11 Iraqi National Guards executed

11 Iraqi National Guards executed

The al Qaeda-linked Army of Ansar al-Sunna has executed 11 members of the Iraqi National Guards it had abducted, the group said in a statement posted on Thursday on its Website along with photographs. "The ruling of God has been implemented against them b
Published 29 Oct, 2004 12:00am
US cash soya prices swing as China delays shipment

US cash soya prices swing as China delays shipment

A surge in US soybean prices in the cash markets and rising barge freight has led to China delaying shipment of at least two cargoes and other buyers could likely follow, grain traders said on Wednesday.
Published 29 Oct, 2004 12:00am
11 Iraqi National Guards executed

11 Iraqi National Guards executed

The al Qaeda-linked Army of Ansar al-Sunna has executed 11 members of the Iraqi National Guards it had abducted, the group said in a statement posted on Thursday on its Website along with photographs. "The ruling of God has been implemented against them b
Published 29 Oct, 2004 12:00am
Shanghai copper higher

Shanghai copper higher

China's copper futures contracts ended higher on Thursday propped up by rises on the LME and still-tight domestic supply.
Published 29 Oct, 2004 12:00am
Consultant opposes OGDCL's strategic privatisation

Consultant opposes OGDCL's strategic privatisation

The Oil and Gas Development Company Limited (OGDCL) consultant Shahid Akbar has opposed the strategic privatisation of the company and suggested to the government that instead it should use the option of Global Depository Receipts (GDRs) to offload shares
Published 29 Oct, 2004 12:00am
New York copper ends with gains

New York copper ends with gains

Comex copper futures closed with modest gains on Wednesday as the market continued to consolidate heavy losses of two weeks ago and looked for fresh fundamental direction, traders said.
Published 29 Oct, 2004 12:00am
Consultant opposes OGDCL's strategic privatisation

Consultant opposes OGDCL's strategic privatisation

The Oil and Gas Development Company Limited (OGDCL) consultant Shahid Akbar has opposed the strategic privatisation of the company and suggested to the government that instead it should use the option of Global Depository Receipts (GDRs) to offload shares
Published 29 Oct, 2004 12:00am
New York gold finishes lower

New York gold finishes lower

Comex gold futures drifted further away from $430-an-ounce resistance to end lower on Wednesday, as a drop in oil prices and a rising dollar triggered selling in hard assets like the precious metals.
Published 29 Oct, 2004 12:00am
US diplomat among 7 hurt in blast

US diplomat among 7 hurt in blast

An American diplomat was among up to seven people wounded in a "powerful" explosion at the luxury Marriott hotel here on Thursday night, US officials, police and witnesses said. Hotel employees said the explosion occurred at around 9:35pm at the entrance
Published 29 Oct, 2004 12:00am
Tokyo precious metals lose shine as oil plunges

Tokyo precious metals lose shine as oil plunges

Tokyo gold futures fell sharply on Thursday, hitting a one-month low as plunges in oil prices induced heavy long liquidation by fund operators, with sentiment for precious metals deteriorating rapidly, traders said.
Published 29 Oct, 2004 12:00am
US diplomat among 7 hurt in blast

US diplomat among 7 hurt in blast

An American diplomat was among up to seven people wounded in a "powerful" explosion at the luxury Marriott hotel here on Thursday night, US officials, police and witnesses said. Hotel employees said the explosion occurred at around 9:35pm at the entrance
Published 29 Oct, 2004 12:00am
Gold stuck in range in Asia, jewellers shy

Gold stuck in range in Asia, jewellers shy

Gold moved in a tight range in Asia on Thursday, licking its wounds after a pullback in crude oil prices and a rebound in the dollar sparked a heavy sell-off in New York's precious metals market.
Published 29 Oct, 2004 12:00am
Malaysian tin at two-week high, shadowing LME

Malaysian tin at two-week high, shadowing LME

Malaysian tin hit a two-week high, returning to the psychologically important $9,000-a-tonne mark, after an almost similar performance in London tin the day before.
Published 29 Oct, 2004 12:00am
Thai rubber futures fall

Thai rubber futures fall

Thai rubber futures fell for a second consecutive day on Thursday, tracking losses on the Tokyo Commodity Exchange (TOCOM).
Published 29 Oct, 2004 12:00am
New York sugar lower

New York sugar lower

NYBOT raw sugar futures closed quietly softer on Wednesday on sales by small speculators, with the sweetener seen staying in its current range given the dearth of market-moving news, brokers said.
Published 29 Oct, 2004 12:00am
Australian cotton crop seen rising

Australian cotton crop seen rising

With cotton planting well underway, Australia's cotton crop in the 2004/05 growing season would jump around 50 percent from last year's drought-affected output, the Australian Cotton Industry Council forecast.
Published 29 Oct, 2004 12:00am
Soya ends lower on CIF, possible deliveries

Soya ends lower on CIF, possible deliveries

Chicago Board of Trade soyabean futures settled lower on Wednesday, pressured by a weakening CIF basis bid, harvest pressure and talk of up to 2,000 deliveries on Friday against November, brokers said.
Published 29 Oct, 2004 12:00am
CBOT rice slips

CBOT rice slips

Chicago Board of Trade rough rice futures settled steady to weak on Wednesday, after a session dominated by rolling of November positions before first notice day on Friday, traders said.
Published 29 Oct, 2004 12:00am
India sees high-quality tea exports booming

India sees high-quality tea exports booming

India, the world's largest tea producer, expects production and exports of premium quality orthodox tea to grow with fresh demand from Iran and Russia, a senior industry official said on Thursday.
Published 29 Oct, 2004 12:00am
Malaysian palm up on India talk

Malaysian palm up on India talk

Malaysian crude palm oil futures ended up on Thursday, with talk of big impending purchases by India and steady palm oil sales in October pulling the market back from early lows.
Published 29 Oct, 2004 12:00am
Fiat cuts operating loss

Fiat cuts operating loss

Italian industrial group Fiat posted a narrower third-quarter operating loss on Thursday, boosting its shares although its core car arm fell short of analysts' consensus forecast.
Published 29 Oct, 2004 12:00am
Fiat cuts operating loss

Fiat cuts operating loss

Italian industrial group Fiat posted a narrower third-quarter operating loss on Thursday, boosting its shares although its core car arm fell short of analysts' consensus forecast.
Published 29 Oct, 2004 12:00am
Exxon Mobil profit soars

Exxon Mobil profit soars

Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday reported a 56 percent rise in quarterly profit, driven by soaring oil and gas prices.
Published 29 Oct, 2004 12:00am
Exxon Mobil profit soars

Exxon Mobil profit soars

Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday reported a 56 percent rise in quarterly profit, driven by soaring oil and gas prices.
Published 29 Oct, 2004 12:00am
Latin banana producers reject planned EU import duty

Latin banana producers reject planned EU import duty

Leading Latin American banana producers on Thursday rejected a new import duty that the European Union has suggested for their fruit supplies, pledging to fight long and hard to protect their interests.
Published 29 Oct, 2004 12:00am
First UK house price fall in 3 years: Nation-wide

First UK house price fall in 3 years: Nation-wide

British house prices suffered a monthly fall for the first time in three years in October, leaving them up by the smallest yearly amount since January, the Nation-wide building society said on Thursday.
Published 29 Oct, 2004 12:00am
Raytheon posts profit

Raytheon posts profit

Defence contractor Raytheon Co reported a quarterly net profit on Thursday, reversing a year-earlier loss, on higher US military spending and improvements at its business jet unit.
Published 29 Oct, 2004 12:00am
Raytheon posts profit

Raytheon posts profit

Defence contractor Raytheon Co reported a quarterly net profit on Thursday, reversing a year-earlier loss, on higher US military spending and improvements at its business jet unit.
Published 29 Oct, 2004 12:00am
IMF sees South Korean economic recovery from early 2005

IMF sees South Korean economic recovery from early 2005

South Korea's economy is undergoing a period of adjustment, but decisive measures by the government and sound fundamentals should enable it to begin recovering from early 2005, the International Monetary Fund said on Thursday.
Published 29 Oct, 2004 12:00am
Gillette quarterly profit climbs

Gillette quarterly profit climbs

Gillette Co on Thursday posted stronger-than-expected quarterly profit, driven by sales of higher-priced products such as its battery-powered M3Power men's razor and hurricane-spurred sales of Duracell batteries.
Published 29 Oct, 2004 12:00am
Gillette quarterly profit climbs

Gillette quarterly profit climbs

Gillette Co on Thursday posted stronger-than-expected quarterly profit, driven by sales of higher-priced products such as its battery-powered M3Power men's razor and hurricane-spurred sales of Duracell batteries.
Published 29 Oct, 2004 12:00am
Verizon third-quarter earnings flat

Verizon third-quarter earnings flat

Verizon Communications Inc, the largest US telecommunications company, on Thursday reported third-quarter earnings virtually unchanged from the year before as strong wireless growth offset losses from local phone lines.
Published 29 Oct, 2004 12:00am
Verizon third-quarter earnings flat

Verizon third-quarter earnings flat

Verizon Communications Inc, the largest US telecommunications company, on Thursday reported third-quarter earnings virtually unchanged from the year before as strong wireless growth offset losses from local phone lines.
Published 29 Oct, 2004 12:00am
China to speed up drafting of anti-trust law

China to speed up drafting of anti-trust law

China will speed up work on a long-awaited anti-trust law that is expected to address concerns over both foreign and government monopolies, state media said on Thursday.
Published 29 Oct, 2004 12:00am
Glaxo sees return to growth after Q3 earnings fall

Glaxo sees return to growth after Q3 earnings fall

GlaxoSmithKline posted a 10 percent fall in third-quarter earnings on Thursday, as the weak dollar and competition in anti-depressants hit sales, but reiterated it would return to growth from the fourth quarter.
Published 29 Oct, 2004 12:00am
Glaxo sees return to growth after Q3 earnings fall

Glaxo sees return to growth after Q3 earnings fall

GlaxoSmithKline posted a 10 percent fall in third-quarter earnings on Thursday, as the weak dollar and competition in anti-depressants hit sales, but reiterated it would return to growth from the fourth quarter.
Published 29 Oct, 2004 12:00am
Dow Chemical third-quarter profit surges

Dow Chemical third-quarter profit surges

Dow Chemical Co's third-quarter profit surged 86 percent on increased plastics sales, but demand remains vulnerable to soaring energy costs, the No 1 US chemicals maker said Thursday.
Published 29 Oct, 2004 12:00am
Dow Chemical third-quarter profit surges

Dow Chemical third-quarter profit surges

Dow Chemical Co's third-quarter profit surged 86 percent on increased plastics sales, but demand remains vulnerable to soaring energy costs, the No 1 US chemicals maker said Thursday.
Published 29 Oct, 2004 12:00am
Deutsche Bank mulls cutting 2,000 jobs

Deutsche Bank mulls cutting 2,000 jobs

Deutsche Bank, Germany's biggest bank, is considering cutting 2,000 jobs in its investment banking and asset management activities as part of a wide range of cost-cutting measures, the business daily Handelsblatt reported on Thursday.
Published 29 Oct, 2004 12:00am
Trade troubles loom whoever wins the White House

Trade troubles loom whoever wins the White House

George W. Bush has slapped tariffs on steel and textiles and increased US farm subsidies. John Kerry has vowed to scrutinise all US trade pacts within 120 days of taking office and to enforce them more vigorously.
Published 29 Oct, 2004 12:00am
US urged to fine-tune visa, border security rules

US urged to fine-tune visa, border security rules

Senior business executives in the Asia-Pacific region are not bothered by more stringent US border security and visa rules but they need to be fine-tuned, a regional business survey showed Thursday.
Published 29 Oct, 2004 12:00am
DaimlerChrysler says SEC probing complaints

DaimlerChrysler says SEC probing complaints

DaimlerChrysler AG said on Thursday the US Securities and Exchange Commission has opened a probe into the auto-maker's compliance with the US Foreign Corrupt Practices Act, which includes anti-bribery provisions.
Published 29 Oct, 2004 12:00am
DaimlerChrysler says SEC probing complaints

DaimlerChrysler says SEC probing complaints

DaimlerChrysler AG said on Thursday the US Securities and Exchange Commission has opened a probe into the auto-maker's compliance with the US Foreign Corrupt Practices Act, which includes anti-bribery provisions.
Published 29 Oct, 2004 12:00am
Sony and Matsushita post Q2 gains, forecasts unchanged

Sony and Matsushita post Q2 gains, forecasts unchanged

Sony Corp reported a quarterly profit gain thanks to the "Spider-Man 2" hit movie while Panasonic products maker Matsushita Electric Industrial Co benefited from bumper sales of flat-panel TVs, but both companies left their full-year forecasts unchanged.
Published 29 Oct, 2004 12:00am
Sony and Matsushita post Q2 gains, forecasts unchanged

Sony and Matsushita post Q2 gains, forecasts unchanged

Sony Corp reported a quarterly profit gain thanks to the "Spider-Man 2" hit movie while Panasonic products maker Matsushita Electric Industrial Co benefited from bumper sales of flat-panel TVs, but both companies left their full-year forecasts unchanged.
Published 29 Oct, 2004 12:00am
Volkswagen keeps targets after Q3 profit falls

Volkswagen keeps targets after Q3 profit falls

Volkswagen AG stuck to its 2004 earnings guidance on Thursday after posting a smaller than expected decline in third quarter operating profit, helped by cost savings.
Published 29 Oct, 2004 12:00am
Volkswagen keeps targets after Q3 profit falls

Volkswagen keeps targets after Q3 profit falls

Volkswagen AG stuck to its 2004 earnings guidance on Thursday after posting a smaller than expected decline in third quarter operating profit, helped by cost savings.
Published 29 Oct, 2004 12:00am
China hike consistent with currency flexibility: US

China hike consistent with currency flexibility: US

Chinese interest rate hike is consistent with a move towards flexible exchange rates, US Treasury Department Under-secretary for International Affairs John Taylor said on Thursday.
Published 29 Oct, 2004 12:00am
US jobless claims up more than expected last week

US jobless claims up more than expected last week

The number of Americans filing new claims for unemployment benefits rose 20,000 last week, the government said on Thursday in a report that continued to be somewhat inflated by hurricane-related claims. First-time claims for state unemployment insurance a
Published 29 Oct, 2004 12:00am
Japanese industrial output falls

Japanese industrial output falls

Japanese industrial output unexpectedly fell in September from August, adding to evidence that manufacturers were becoming cautious amid signs that demand for exports was cooling and the economic recovery was slowing.
Published 29 Oct, 2004 12:00am
Canadian factory price gains slow September

Canadian factory price gains slow September

Canadian factory prices eased twice as much as expected in September, falling 0.6 percent instead of the forecast 0.3 percent, on a slowdown in energy and metals prices, Statistics Canada said on Thursday.
Published 29 Oct, 2004 12:00am
Shell scraps dual ownership, shares jump

Shell scraps dual ownership, shares jump

Oil major Royal Dutch/Shell Group plans to move to a unified corporate structure, ditching a century-old dual-ownership system blamed for contributing to a reserves overbooking scandal.
Published 29 Oct, 2004 12:00am
Shell scraps dual ownership, shares jump

Shell scraps dual ownership, shares jump

Oil major Royal Dutch/Shell Group plans to move to a unified corporate structure, ditching a century-old dual-ownership system blamed for contributing to a reserves overbooking scandal.
Published 29 Oct, 2004 12:00am
Semiconductor companies in India form group

Semiconductor companies in India form group

More than 30 local and foreign semiconductor firms based in India formed a group Thursday in a bid to grab a greater slice of the 200 billion dollar global semiconductor pie.
Published 29 Oct, 2004 12:00am
US Airways posts wider loss

US Airways posts wider loss

Bankrupt US Airways Group Inc on Thursday reported a wider third-quarter net loss as storms and high fuel prices hurt results.
Published 29 Oct, 2004 12:00am
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