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
State Bank of Pakistan (SBP) Governor Dr Ishrat Hussain has stressed the need of finding local solutions to the urban and regional planning. He was speaking as chief guest at the inaugural session of the second seminar on 'Urban and Regional Planning' her
Pirates in the Malacca Strait are using the tactics and weapons of Islamist militants, says the security report that prompted insurers to give the sea lane a war risk rating and boosted transport costs there. A copy of the report, prepared by London-based
Malaysia International Shipping Corp, the world's largest carrier of liquefied natural gas, reported lower quarterly profit after selling fewer ships and said 2005 shipping rates were likely to be weaker.
Malaysia International Shipping Corp, the world's largest carrier of liquefied natural gas, reported lower quarterly profit after selling fewer ships and said 2005 shipping rates were likely to be weaker.
Hong Kong-based bulk carrier Pacific Basin Shipping Ltd said on Friday it expected to book an estimated net gain of $3.36 million from selling five ships this year. Pacific Basin said in a statement that it agreed to sell five handy-size dry bulk carriers
A stretch of the Ohio River that has become a choke point reopened on August 16 after water levels rose, but a second dredging vessel was on its way to more permanently deepen the navigation channel, US Coast Guard officials said.
Russian mid-sized oil firm Tatneft has decided against building a new oil terminal on the northern White Sea and will focus instead on constructing a smaller outlet in the Baltic Sea port of Kaliningrad.
Dutch oil storage company Vopak said on August 16 it and dominant Dutch gas company Gasunie had started a feasibility study on developing a liquefied natural gas (LNG) terminal in Rotterdam.
Nigeria has invited prospective investors to express interest in buying its moribund national maritime carrier, the privatisation agency said on August 17.
Transport conglomerate China Merchants Holdings (International) Co Ltd has received the green light to operate a 4.5 billion yuan logistics (US $554.9 million) project in the northern city of Qingdao, the South China Morning Post reported on August 15.
The Karachi Port handled 50,919 tonnes of cargo including 35,689 tonnes import and 15,230 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday. Four ships expected to sail on Saturday, while six vessels are expected to sail on Sunday.
Union leaders from around the globe gather in Chicago next week to craft a joint strategy to boost unionisation in the developing world, and especially to target the US-based retail giant Wal-Mart Stores Inc.
Shanghai Automotive Co Ltd, owner of a fifth of General Motors' largest car venture in China, on Saturday posted a more than one-half drop in second quarter earnings, warning it may post a loss for the first three quarters.
Shanghai Automotive Co Ltd, owner of a fifth of General Motors' largest car venture in China, on Saturday posted a more than one-half drop in second quarter earnings, warning it may post a loss for the first three quarters.
South Korea has agreed to provide farming technology and to set up joint agricultural projects with North Korea to ease chronic food shortages there that stem from the communist state's beleaguered farm sector.
The World Bank has agreed to lend up to $3 billion a year over the next three years to India for various development programmes, its president, Paul Wolfowitz, said on Saturday. He said India had grown at an impressive pace in the past 15 years but would
Ecuador will reduce its forecast primary budget surplus to between 3.2 percent and 3.4 percent of gross domestic product from 4.9 percent partly due to a protest which has choked oil exports and changes to a retirement fund, an official said on Friday.
A Texas jury on Friday found drug maker Merck & Co Inc negligent in the death of a man who took its popular painkiller Vioxx and awarded his widow $253 million in the first of thousands of Vioxx lawsuits to go to trial.
American bank Goldman Sachs jolted many an investor, politician and man behind the wheel earlier this year when it predicted that oil could jump to $105 a barrel as demand from economies such as China and India soared.
Microsoft Corp, the world's largest software maker, said on Friday it reached a confidential settlement agreement with Artemis Solutions Group, resolving a trademark infringement action Artemis filed over its registered trademark, BioCert. Artemis will re
The deadly bird flu virus may have struck a big commercial poultry farm in Russia for the first time, a news agency reported on Saturday. So far bird flu outbreaks in Russia have largely been confined to villages that make little contribution to the natio
Mechanics, cleaners and janitors at Northwest Airlines walked off the job on Saturday after labour talks failed to produce a deal to help the carrier cut costs and avert possible bankruptcy.
Japanese Prime Minister Junichiro Koizumi took to the streets in western Japan on Saturday, hoping to drum up support for his postal privatisation agenda ahead of a parliamentary election next month.
China is considering a new method for setting domestic oil product prices that could lead to more frequent adjustments aimed at easing the sort of shortages that have hit the south of the country, a newspaper reported on Saturday. China has raised retail
US arabica coffee futures edged up on Friday, boosted by light speculative buying and contract switching on the heels of a recovering robusta market in London, traders said. The New York Board of Trade's benchmark December arabica rose 0.7 percent, or 0.7
Raw sugar futures closed a whisker higher on Friday, with modest buying by local brokers supporting prices as the market stayed stuck in a narrow trading range and recent fund selling dried up, dealers said.
New York copper futures finished mixed on Friday as players were torn between selling inventory increases and buying dips in anticipation of rising medium-term consumption, traders said. After a week of volatile price moves, they said many market particip
Average Australian wool prices slid to their lowest in over three-and-a-half years last week, failing to find support from a significant drop in the Australian dollar, analysts said on Friday.
Australia was headed towards a bumper sorghum crop this season because of the late arrival of rains during the winter planting season, but this would not reduce the size of wheat crop, analysts said on Friday.
Rough rice futures at the Chicago Board of Trade slid on Friday amid a series of technical moves, traders said. "We open lowered in sympathy with yesterday they pushed into some quick, easy sell stops in thin trade," said Neauman Coleman, a broker from Br
Soyabean futures at the Chicago Board of Trade fell to near six-month lows on Friday, pressured by the recent improvement in US Midwest crop weather and forecasts for more rain this weekend, traders said.
US gold futures fell for the third straight session on Friday to close at a nine-day low, as a resurgent dollar pressured the precious metal that only a week ago shot to eight-month highs, dealers said.
The spread or difference between Minneapolis spring wheat futures and the winter contract traded in Kansas City likely will remain volatile after the detection this year of higher-than-usual levels of vomitoxin in the spring wheat harvest, industry source
World oil prices fell from record heights last week, plunging by nearly five dollars as rising US crude stocks calmed the market, but regaining ground as fears over tight global supply resurfaced.
Thai rice futures were mixed in sluggish and directionless trade on Friday, brokers said, with many players celebrating the Chinese All Souls Day religious festival. Players rushed to offset 15-tonne contracts to avoid risk while a few speculators bought
Higher trend was seen on the forward cottonseed oilcake market on Saturday as players continued buying to meet the near-term needs, dealers said. The December vaida opened unchanged at Rs 423.60, which proved to be day's lowest at the same level, they add
Firmness prevailed in the cotton market on Saturday as prices maintained steadier trend amid low business, dealers said. The Official spot held the overnight level at Rs 2225 for 2005-06 crop, without upcountry expenses.
The trading on milk powder sector moved mixed here on Jodia Bazar on Saturday. The following variations were seen in the Nur Pur down Rs 700 to Rs 4800, Halla SMP up Rs 250 to Rs 4150, Euro Gold up Rs 50 to Rs 4650 and Corolac down Rs 50 to Rs 4600.
Firm trend was seen on the grain market on Friday as most of the commodities maintained their overnight levels in process of trading, dealers said. Steady supplies from upcountry centres did help commodities to maintain obtaining price levels, they added.
Speculators in the International Monetary Market were net short of dollars in the week ended August 16 to for the first time in over four months, data released on Friday showed.
The dollar edged up against a basket of major currencies for the fifth straight session on Friday, tacking on its biggest weekly gain against the euro since early June.
High oil prices have the potential to squeeze consumers and crimp global economic growth, but the dollar could still cope better than the euro and the yen, US currency analysts expect.
The Canadian dollar gained ground against the US currency on Friday, rebounding from the previous day's weakness on resurgent oil prices. Domestic bond prices ended mixed in thin volumes. The currency finished at C$1.2116 to the US dollar, or 82.54 US cen
The Canadian domestic bond prices ended mixed on Friday, feeling pressure from strong stock markets on the short end, but with no economic news and summer trading volumes low, the market largely drifted.
The Canadian domestic bond prices ended mixed on Friday, feeling pressure from strong stock markets on the short end, but with no economic news and summer trading volumes low, the market largely drifted.
Spreads on US high-grade corporate bonds were mostly unchanged on Friday amid low trading volumes while new bond sales fell as market players took their August vacations.
Spreads on US high-grade corporate bonds were mostly unchanged on Friday amid low trading volumes while new bond sales fell as market players took their August vacations.
Brazil's stocks slumped on Friday on worries a government bribes scandal would widen to implicate Finance Minister Antonio Palocci, who is President Luiz Inacio Lula da Silva's top economic adviser and a favourite of investors.
US Treasury debt prices eased slightly on Friday as some investors took profits on recent gains and others just headed home early for the weekend. It was a turbulent week for Treasuries, which fluctuated with every wave of economic data but failed to brea
US Treasury debt prices eased slightly on Friday as some investors took profits on recent gains and others just headed home early for the weekend. It was a turbulent week for Treasuries, which fluctuated with every wave of economic data but failed to brea
Although "quiet period" rules for IPOs will ease by the end of the year, companies pursuing public offerings may still find themselves muzzling their chatty executives ahead of the market debut.
European shares look set to drift further below three-year highs next week, as investors assess the likely impact of high oil prices on corporate earnings. Among the companies reporting results next week are metals groups, the world's biggest diversified
Argentine stocks inched higher on Friday as investors shuffled portfolios after futures options expired, cancelling out earlier losses on fallout from Brazil's corruption scandal, traders said.
Mexican stocks ended up 0.4 percent on Friday driven by cellular phone company America Movil while the peso weakened on concerns about slower economic growth and a political scandal in Brazil.
Toronto stocks ended a losing week with a convincing gain on Friday as global tensions and worries about the vulnerability of oil supply lines triggered a rally among influential energy shares.
Chile stocks fell on Friday in light volume as investors continued to take profits after a recent market rally, and the peso lost ground for the third day against a rising dollar.
Brazilian sovereign bonds plunged on Friday, weighed down by news reports alleging that Finance Minister Antonio Palocci took bribes from contractors when he was a mayor.
Brazilian sovereign bonds plunged on Friday, weighed down by news reports alleging that Finance Minister Antonio Palocci took bribes from contractors when he was a mayor.
US stocks closed little changed on Friday after a jury's verdict against Merck & Co, a Dow component, sent the drugmaker's shares down 7.7 percent, which offset gains in blue chip International Business Machines Corp and Caterpillar Inc.
A company that owns one of England's top county cricket teams is mulling listing on a junior stock market as interest in the sport grows, the Financial Times newspaper reported on Saturday. Rose Bowl plc, which owns Hampshire Cricket Club in south-east En
Sri Lankan batsmen Kumar Sangakkara and Mahela Jayawardene hit polished half-centuries for the Asia XI in the second Afro Asia Cup match against an Africa XI at Kingsmead here on Saturday.
Reigning European champion Peter Gade improved to 7-1 lifetime against Chen Hong with a straight game victory in the quarter-finals of the badminton world championships.
Just when it looked as if Tiger Woods was about to shut the door on the chasing pack in the WGC-NEC Invitational, an unexpected stumble by the world number one suddenly left the 7.5 million-dollar tournament wide open.
French second seed Amelie Mauresmo advanced to the semi-finals of a 1.3 million-dollar WTA Hard-court Tournament here on Friday when Russian sixth seed Nadia Petrova joined a large list of injured players. Mauresmo led 4-6, 7-5, 2-0 when Petova retired wi
Roger Federer lined up a semi-final with the hottest of the current American hopes, crushing Jose Acasuso 6-4, 6-3 to storm into title contention at the 2.45-million-dollar ATP Cincinnati Masters.
A former Taleban commander now loyal to the Afghan government of President Hamidf Karzai has been gunned down in the capital, officials said on Saturday. Karim Qarabaghi and his nephew were killed in their car by a hail of bullets fired from a passing fou
Palestinian parliamentary elections, the first to be contested by Islamic militant group Hamas, will be held on January 25, President Mahmoud Abbas said in an official decree on Saturday. Palestinian officials had earlier said the vote would be held on Ja
President George W. Bush said on Saturday US troops in Iraq were fighting to protect Americans at home from more attacks like those of September 11, 2001, starting a five-day focus on his case for the war amid growing public discontent.
Kurdish leaders Saturday offered to compromise over Iraq's constitution but rejected Islam as the main source of law in the new charter, even as the United States dropped its opposition to a strong role for religion.
A car blast in the Russian region of Dagestan near Chechnya killed at least three police officers on Saturday, a Reuters witness and officials said. The blast took place at 1200 GMT on one of the main thoroughfares of the Dagestani capital of Makhachkala
Palestinian Islamic militant group Hamas said on Saturday it would fight to drive Israel out of the West Bank and Jerusalem after the Jewish state completes its withdrawal from the occupied Gaza Strip this year. "Gaza is not Palestine," a masked spokesman
Israeli forces have evacuated more than 85 percent of Gaza's Jewish settlers after nearly 40 years of occupation and all should be out by Monday, police said on Saturday.
Indian and Bangladeshi border guards negotiated a cease-fire on Saturday, halting a gunbattle that flared over disputed construction work along the frontier, an Indian official said. The firefight began on Friday after Indian troops shot at hundreds of Ba
Pope Benedict meets leaders of Germany's mainly Turkish Muslim community on Saturday to stress the importance he places, like his predecessor, on closer ties with other faiths.