The rupee recovered 10 paisa against the dollar in the open market for buying and selling at 59.75 and 59.85 respectively , dealers said on Saturday. According to the market sources, the rupee came out from the overnight weakness as buying pressure bycorp
The rupee recovered 10 paisa against the dollar in the open market for buying and selling at 59.75 and 59.85 respectively , dealers said on Saturday. According to the market sources, the rupee came out from the overnight weakness as buying pressure bycorp
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
Fire-fighters pulled two more bodies from the burnt-out wreck of a ship in Ghana's main port of Tema on Saturday and said the death toll from Friday's blaze was likely to rise to at least 11. Three bodies had already been recovered from the Greek vessel o
Helped by demand to transport new crops from South America, Asian shipping rates are keeping their bullish trend this week but gains were limited as the market heads into the Easter holiday, brokers said. Spot voyage fixtures for modern panamax rates for
Moody's Investors Service has assigned a Baa2 issuer rating to Mitsui OSK Lines, Ltd (MOL). The rating reflects MOL's position as one of the world's leading shipping companies as well as its improving financial profile. The rating also reflects the intens
Moody's Investors Service has assigned a Baa2 issuer rating to Mitsui OSK Lines, Ltd (MOL). The rating reflects MOL's position as one of the world's leading shipping companies as well as its improving financial profile. The rating also reflects the intens
China is considering building another container terminal along its wealthy east coast partly with foreign investment, which could help alleviate nation-wide transport bottlenecks that have become an economic drag. Prosperous Zhejiang province is studying
Shipping and oil giant A. P. Moeller-Maersk is expected to post a 41.5 percent rise in 2004 net profit excluding special items, thanks mainly to rising freight rates and higher oil prices. The median forecast in a Reuters poll of five analysts on Wednesda
Shipping and oil giant A. P. Moeller-Maersk is expected to post a 41.5 percent rise in 2004 net profit excluding special items, thanks mainly to rising freight rates and higher oil prices. The median forecast in a Reuters poll of five analysts on Wednesda
The lineup of vessels waiting to load sugar in Brazil's ports rose to 40 from 37 last week, shipping agent Williams said Thursday. It said in a weekly report that 20 vessels were lined up in the southern port of Santos, slightly down from 22 last week. At
The Karachi Port handled 49,355 tonnes of cargo including 23,464 tonnes import and 25,891 tonnes export cargo inclusive of 3,798 containers, during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 41,755 tonnes dry cargo including 32
Nuclear power is back in vogue but talk of a revival in Europe may be premature unless governments offer incentives to persuade companies to invest in new reactors, analysts say. Atomic plants are expensive to build and, despite producing almost no greenh
Germany's service companies, which account for about two thirds of Europe's largest economy, are more upbeat than at any time in four years, according to a survey of some 10,000 firms published on Saturday. About 28 percent of companies polled describe th
South Korea's fourth-biggest conglomerate, SK Group, said on Saturday it would increase the number of outside directors in its units to improve corporate governance, after a bid to remove the head of its main company. The move comes two weeks after Chey T
South Korea's fourth-biggest conglomerate, SK Group, said on Saturday it would increase the number of outside directors in its units to improve corporate governance, after a bid to remove the head of its main company. The move comes two weeks after Chey T
Japan and India have agreed to jointly develop natural gas resources near the Andaman islands, with initial surveys possible as early as this summer, the Nihon Keizai Shimbun said on Saturday. The move would allow Japan, which relies on imports for virtua
Oracle Corp on Friday said it faced a potential liability of up to $3.5 billion if it failed to meet certain obligations to PeopleSoft customers, but added that it did not plan to take any actions that would trigger the penalties. The business software ma
The International Monetary Fund on Friday said Brazil's economy is enjoying the best financial market conditions the country has seen in years, but urged authorities to keep inflation in check. The IMF said Brazil's prudent policies since the country's fi
Beginning on Monday, US retailers must provide country-of-origin labels for the seafood they sell - the first time such labels become mandatory under a three-year-old law, the government said on Friday. Under the law, shoppers must be told the origin of f
The World Food Programme is slashing food rations for North Korea's hungry children, women and the elderly and said on Saturday that the problem would worsen if it is unable to raise new cash and food pledges. The WFP has been active in the isolated North
Saudi Arabia hiked a key interest rate to 3.0 percent on Saturday, effectively raising rates by nearly half a percent in a move bankers said could be aimed at curbing surging money supply in the giant oil exporter. Saturday's repo rate increase followed t
Hungary must not loosen its budget before key parliamentary elections in 2006 despite having greater room for manoeuvre due to a recent EU ruling, Hungarian Finance Minister Tibor Draskovics said on Saturday. "At these times, however close the 2006 electi
Once described as a jewel in Africa, Zimbabwe's economy has undergone a meltdown over the past five years, with the agriculture sector reeling from the seizure of white-owned farms and droughts, economists say. At independence from Britain in 1980, Zimbab
A day before a thunderous explosion that killed at least 15 people at the BP oil refinery in Texas City, Texas, a small fire broke out in the same unit that blew up, officials said on Friday. The company said it was investigating whether the two events we
DaimlerChrysler AG's scandal-hit Japanese truck unit may face a government inspection on suspicion it failed to report more defects, a newspaper reported on Saturday. The unlisted Mitsubishi Fuso Truck and Bus Corp, held 65 percent by the German-US automa
Energy futures on the Tokyo Commodity Exchange (TOCOM) mostly fell on Friday due to profit taking, but traders expect benchmark US crude oil prices to rise further when the market there reopens on Monday due to concerns over gasoline supply disruptions. A
Tokyo gold futures ended narrowly mixed on Friday, reflecting losses in New York and the yen's weakness, with trade thinned by a lack of participants from overseas amid Easter holidays. The benchmark February gold contract on the Tokyo Commodity Exchange
The Australian wool market made slight gains in average values in the final week of sales before the Easter recess, analysts said on Friday. The AWEX Eastern Market Indicator (EMI) gained five cents to end the week at 728 cents a kg clean, based on rises
The Taiwan FlourMills Association has sealed a deal with Australia's AWB Ltd for 31,080 tonnes of hard wheat said an official at the association on Friday. The order, which will include Australian prime hard wheat (APH) and Australian hard wheat (AH), was
India has released 3.8 million tonnes of sugar for sale in the domestic market in the April-June quarter to help ensure adequate supplies and keep prices in check. The government controls distribution of sugar in the local market, allocating fixed quantit
Vietnam, the world's top robusta coffee producer, said it coffee exports would fall 7.2 percent in the first half of the current crop year as growers stockpile beans to drive up prices in a prolonged drought. A government report on Friday said Vietnam wou
Tin ended flat in Malaysian trade on Friday, with dealers expecting it to stay at around $8,000 a tonne until the London market reopens after the Easter holidays. Spot tin on the Kuala Lumpur Tin Market closed at $8,230 a tonne, unchanged from Thursday. B
Thai rubber futures edged lower in thin trade on Friday, with overall volume dropping to 34 contracts of ribbed smoked sheet number three (RSS3) from 54 contracts on Thursday. The most active September contract settled at 49.9 baht per kg, down from 50.1
Farmers and buyers in a key cocoa-growing region of western Ivory Coast said on Friday they expected the mid-crop harvest to be larger than last year's and the beans to be bigger than usual. The area around Daloa produces around a quarter of total cocoa o
Ukraine increased wheat exports through seaports to about 180,300 tonnes in March 1-20 from 139,700 tonnes in the same period in February, analysts said on Friday, quoting data from ports. Ukraine harvested a record 17.52 million tonnes of wheat in 2004 c
A recent drop in Brent crude oil futures prices may encourage China to take more barrels of Russian Urals and African grades, traders said on Friday. Traders said China's Unipec has bought 2 million barrels of April loading Russian Urals. The purchase mig
World oil prices dived last week as traders banked profits owing to a rebounding dollar and a sharp rise in US crude inventories. The stronger US unit weighed on all dollar-denominated commodities as they became more expensive for buyers. Commodity market
Roses in May became America's fifth winner in the 10 runnings of the world's richest race the 6million dollar Dubai World Cup here on Saturday. The American horse trained by Dale Romans and ridden by John Velasquez beat home Saudi challenger Dynever while
South Africa looked far from contenders for a place at the 2006 World Cup in Germany as they laboured to a 2-1 win over Uganda Saturday in a Group 2 qualifier. Manchester United midfielder Quinton Fortune converted a harshly awarded penalty midway through
Australia shattered a valiant New Zealand start to the third Test Saturday seizing the initiative with three late wickets to have the Black Caps at 199 for five at the close of the first day's play. It was a rapid turnaround of fortune after New Zealand h
Coach Felix Magath says he has not yet won everybody over at Bayern Munich even though the club is still in contention for three trophies in his first season. Magath, who replaced Ottmar Hitzfeld at the start of the season after coaching VfB Stuttgart, sa
England captain David Beckham, who is considering his future with Real Madrid for family reasons, says he misses the competitive spirit of English football in La Liga. Days after saying his children's hounding by paparazzi photographers had made him quest
Five people were trampled to death and 40 injured in a crush of spectators after Friday evening's World Cup qualifier between Iran and Japan, and another person died of an apparent heart attack brought on by the nail-biting clash, press reports said Satur
Dashing Indian opener Virender Sehwag on Saturday criticised the pitch despite scoring a blazing 201 in the third and final Test against Pakistan here. "How can you say it's a good Test pitch? More than nine hundred runs have been scored in three days," s
Thunderstorms and showers halted the second round of the US PGA Players Championship here on Friday with golfers taking the course for only 44 minutes. American Steve Jones owned a one-stroke lead at the eight million-dollar showcase event after an openin
Andy Roddick's defence of his Key Biscayne ATP Masters Series title was brief and bitter as the American retired from his opening match against Spain's Fernando Verdasco with a right wrist injury. Verdasco, who extended Roddick to three sets in the Master
Substitute Ahmad Elrich scored with his first touch to give Australia a flattering 2-1 win over Iraq in a football international at the Sydney Olympic Stadium on Saturday. Right-winger Elrich, who came on with 18 minutes left, raced on to crossfield pass
Virender Sehwag yet again proved to be Pakistan's nightmare as he hammered a robust 201 to help India avoid a follow-on in the third and final Test here on Saturday. The free-stroking opener's double-century enabled the hosts to post 379-6 at stumps on th
Ivory Coast's cocoa farmers should be paid more for their beans to stem the flow of cocoa being smuggled out of the world's top grower into neighbouring countries, President Laurent Gbagbo said late on Friday. "The only remedy is to set a farmgate price w