The dollar crawled up in choppy trade on Thursday, although it was capped by nervousness about the potential damage to the US economy from another monster hurricane churning towards the Gulf Coast.
The dollar sagged on Wednesday as attention shifted to the growing threat Hurricane Rita posed to the battered US Gulf Coast after Tuesday's rally prompted by the latest United States interest rate hike fizzled.
The dollar bounced back against the Swiss franc in early European trade on Thursday after heavy greenback losses in the previous session as markets feared hurricane Rita might damage the US economy.
The Taiwan dollar fell while other Asian currencies recovered on Thursday as concerns about the potential impact of Hurricane Rita on the United States undermined the US dollar.
Warwickshire batsman Trevor Penney on Thursday announced his retirement from first class cricket to enable him to join the coaching team that will prepare Sri Lanka for the 2007 World Cup.
Captain Ricky Ponting said on Thursday he is confident Australia can bounce back against the World XI next month, dismissing the loss of the Ashes as "a hiccup". The Australians simply needed to recover their winning "habits", he told Channel Nine.
A cricket team from Afghanistan, where the sport was once banned by the hard-line Taleban regime, arrived in Pakistan on Thursday for a week-long tour ahead of the Asian Cricket Council Trophy.
Maria Sharapova piled on the first seven games before Shahar Peer could find her feet but then had to struggle to finally scrape a 6-0, 4-6, 6-2 win Thursday in her opening match at the China Open.
Rangana Herath and Chaminda Vaas shared five quick wickets as Sri Lanka whipped Bangladesh by an innings and 69 runs in the second and final Test to complete a 2-0 series sweep here on Thursday. Trailing by 266 runs, Bangladesh were bundled out for 197 in
India, inspired by Irfan Pathan's match haul of 12 for 126, hammered Zimbabwe by 10 wickets in the second and final Test at Harare Sports Club here Thursday to win the series 2-0.
Nine people charged over the Srebrenica massacre in Bosnia 10 years ago will appear together in the biggest trial yet before the UN war crimes tribunal in The Hague, the court said Thursday.
A JetBlue airliner with 146 people aboard made an emergency landing at Los Angeles International Airport on Wednesday, dragging its crippled nose gear down the runway in a hail of sparks and smoke before coming safely to rest.
British communities are becoming divided along racial lines, creating a "fertile breeding ground for extremists", the head of the Commission for Racial Equality said on Thursday.
The Harvard-educated Liberian economist who could become Africa's first elected female president campaigns to the strains of a popular feminist anthem "I am woman, hear me roar".
First coalition talks between Germany's two biggest parties ended without immediate agreement Thursday, with conservative leader Angela Merkel saying there were "clear differences" between her and Chancellor Gerhard Schroeder.
China on Thursday revealed the death toll from natural disasters, until this month considered a state secret, stood at 1,629 so far this year, with economic losses of more than $20 billion.
One of four men suspected of carrying out the failed July 21 London bomb attacks arrived in Britain Thursday from Italy, and was set to be charged with conspiracy to commit murder and other offences.
Israeli soldiers on Thursday shot dead an unarmed Palestinian after he entered an army base being dismantled in the northern West Bank where four Jewish settlements were evacuated last month.
Sixty-one women have given birth at Israeli checkpoints since 2000 due to delays in getting through the checkpoints, and 36 of their babies died as a result, the United Nations said on Thursday.
A top scientist warned on Thursday against misusing oseltamivir, the antiviral drug that governments are stockpiling to fight a possible human pandemic caused by the H5N1 bird flu, saying that could lead to resistance.
The growing number of people with bird flu-like symptoms in Indonesia does not mean the outbreak is becoming worse, and there is no sign the virus can be passed easily among people, top UN health experts said on Thursday.
An Indian court Thursday lifted a ban on a book by exiled Bangladeshi writer Taslima Nasreen in which she wrote about her sexual relations with Indian writers while living in India.
Cars clogged Texas highways with more than a million people fleeing Hurricane Rita on Thursday as the Category 5 storm roared through the Gulf of Mexico on a potentially catastrophic course.
Under pressure over its nuclear programme, Iran on Thursday flaunted its ballistic missiles and warned any nation considering attacking the Islamic republic would face a "destructive and fiery" response.
Afghanistan's Taleban rebels are not a spent force despite their failure to disrupt the weekend's parliamentary vote and will continue attacks into next year, a top US general said Thursday.
A top Kyrgyz lawmaker and key figure in this ex-Soviet state's popular revolution in March, Bayaman Erkinbayev, was shot dead outside his house late Wednesday in the Kyrgyz capital Bishkek, the country's interior minister said.
France will give more money to families with three children in an effort to encourage the French to have more babies, Prime Minister Dominique de Villepin said on Thursday.
Parliament on Thursday approved Yuri Yekhanurov as Ukraine's new prime minister, pulling the country back from the brink of crisis after less than a year of liberal government.
Prime Minister Ariel Sharon and rival Benjamin Netanyahu are neck-and-neck in a Likud party ballot next week that could redefine Israeli politics after the withdrawal from Gaza, a poll showed on Thursday.
Basra city leaders vowed on Thursday not to cooperate with British forces until they received an apology and compensation for a late-night raid by British troops that freed two detained soldiers.
The rupee fell to its lowest close in three weeks on Thursday, shaken by a 3 percent drop in local stocks and dollar buying by Indian refiners eyeing a spurt in oil prices on fears Hurricane Rita could hit US supplies. The rupee lost one-tenth of a percen
Sterling fell one percent on the day to three-week lows against the dollar and also hit two-week lows against the euro on Thursday on weak UK data and talk of a large merger deal.
The dollar hugged tight ranges on Thursday as markets nervously waited to see if Hurricane Rita, which was heading for the coast of Texas, would damage the US economy and slow the pace of US interest rate rises.
European corporate bond spreads pared declines late on Thursday as investors waited to assess the likely impact of Hurricane Rita on the oil-producing southern United States.
European corporate bond spreads pared declines late on Thursday as investors waited to assess the likely impact of Hurricane Rita on the oil-producing southern United States.
South Korean shares charted new territory on Thursday, rising above 1,200 points for the first time, as investors chased top local lender Kookmin Bank and other stocks with good earnings potential.
US stocks dipped on Thursday, with investors hesitant as Hurricane Rita neared energy facilities in the Gulf of Mexico three weeks after Hurricane Katrina hit.
Taiwan stocks fell 1.57 percent to their lowest close in nearly four months on Thursday as heavily foreign-invested shares like UMC tumbled with US stocks after renewed gains in oil prices.
Leading UK shares closed a volatile day firmly in positive territory on Thursday, with oil shares leading the way ahead as Hurricane Rita weakened slightly, prompting talk it may do less damage to US oil facilities than at first thought.
South Africa on Thursday announced the first expropriation of a commercial farm, in line with a pledge to harden its stance toward white farmers demanding more compensation than the state deems fair.
European Union sugar experts have agreed to reduce production quotas by 1.806 million tonnes for the 2005/06 marketing year, officials said on Thursday. "It was (a cut of) 1.892 million tonnes for everything. Out of that, sugar is 1.806 million tonnes...a
Oil fell on Thursday as Hurricane Rita weakened slightly after helping to cut crude demand in the United States, the world's largest consumer, by nearly 30 percent. Oil companies shut 12 refineries in Texas and one in Louisiana as a precaution against the
Brazil will ask the World Trade Organisation for the right to impose sanctions on the United States for not complying with a world trade ruling to end cotton subsidies that block poor nations from markets.
Cotton futures reversed early declines to end mostly firmer Thursday, buoyed by speculative buying, but trade selling and uncertainty about the path of Hurricane Rita kept trading a bit muted, market sources said.
London sugar futures closed higher on Thursday as speculators bought back futures after an EU 2005/06 production quota cut came in slightly below market expectations. The market was also buoyed by high energy prices and a Pakistani tender result, traders
Copper closed higher on the London Metal Exchange (LME) on Thursday but short of earlier record levels as funds snapped up metal in response to inflation worries stirred by Hurricane Rita, dealers said.
Gold eased from its near-18-year peak on Thursday on profit taking, but concerns about US economic growth and inflation fears due to high oil prices could spark more fund buying.
US coffee futures rose about 1 percent Thursday as speculators bought back their short positions amid worries that Hurricane Rita may spell more trouble for unroasted coffee beans stored in hurricane-stricken Louisiana, market sources said.
US cocoa futures fell to contract lows Thursday for the second consecutive session, depressed by a continuation of managed-money liquidation and currency activity, traders said.
Copper futures soared to new records early on Thursday, as funds continued their week-long buying spree as Hurricane Rita's approach to the US Gulf Coast sent nervous tremors through the market, traders said.
Soyabean futures at the Chicago Board of Trade rose early on Thursday following the moves in soyaoil, which tracked the strength in energy markets on fears that Gulf of Mexico refineries would be crippled by Hurricane Rita, traders said.
Gold futures tumbled on fund and bank selling early on Thursday, after inflation fears fanned by high oil prices amid a busy hurricane season earlier boosted prices to near-18-year and contract highs, dealers said.
China's shares logged their biggest single-day drop in over a month on Thursday, as investors dumped blue chips like Baosteel on news a sum of nearly $250 million set aside by its parent to support its stock price had run out.
Seldom has a person taken over the reigns of power with such extensive grooming for the job and with immense challenges faced as Khadim Al-Haramain King Abdullah Ibn Abdul Aziz.
At the outset, I would like to express my deep sorrow on the sad demise of the Custodian of the two Holy Mosques King Fahad Bin Abdul Aziz at first National Day after his death.
A dacoit, who had been injured during a shootout with Surjani Town Police few days ago, managed to flee from hospital here on Wednesday night. The police constable of Khawja Agmir Nagri Headquarter, who was guarding the hospital, has been arrested and a c
The Gender Mainstreaming in Planning and Development Division and Departments Project is organising a sensitisation programme for the district co-ordination officers (DCOs) from all the 35 districts here at National Institute of Public Administration (Nip
The Wapda's Power Wing Selection Board has approved the following officers for promotion from Senior Engineers/Deputy Directors (BPS-18) to Superintending Engineers/Directors (BPS-19).
Pakistan Cricket Board (PCB) has announced that because of heavy rains in Lahore on Thursday, the first one day between Pakistan 'A' and Australia 'A' has been shifted from Bagh-e-Jinnah Lahore to Gaddafi Stadium Lahore. The match will be played on Friday
Textile industrialist Shafqat Ellahi Sheikh of Ellcot Spinning Mills Limited, Lahore has been elected unopposed as chairman of All Pakistan Textile Mills Association (Aptma), Punjab Zone.
Punjab Chief Minister Chaudhry Pervaiz Elahi has said present government was pursuing a comprehensive plan aimed at providing better professional atmosphere to workers, and he termed the 'International Technology Award for Humanity 2005' to Punjab an envi
Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that devolution system has spread corruption at the grassroots level, which has created a 'bazaar' of councillors and Nazims whose loyalties were being bought by 'corrupt candidates' of district
The Dow University of Health Sciences in collaboration with the Oral and Maxillofacial Surgeons Society is organising a day-long workshop on 'dental implant' at its Arag Auditorium on September 24.
The World Heart Federation (WHF) will be celebrating World Heart Day (WHD) on September 25, aiming at strengthening the global cardiovascular diseases (CVD) preventive efforts.
CIA Police have busted two inter-district gangs of dacoits involved in a number of incidents of dacoity and robbery, and arrested their eight members. The accuseds have confessed committing 20 such incidents in Lahore, Gujranwala and Kasur districts durin
I read in newspaper that Dr Ishrat Hussain, Governor of State Bank of Pakistan will retire in December 2005 after completion of 5 years contract period.
In just three years, Karachi Building Control Authority (KBCA) under the dynamic and dedicated leadership of Brigadier A.S. Nasir (retd), emerged as well organised department capable enough not only to provide for its expenses but have been paying the Cit
Since graduating from university Maija Parjanen has mostly been paid to play games. Eight hours a day, five days a week, she beeps and clicks her way through the working day, testing new mobile phone games for Helsinki gaming studio Sumea.
Forced by armed raiders to flee their home in Central African Republic, Monica and her four children slept under a tree in neighbouring Chad for four weeks, living on peanuts and water.
As we are going through 'Shabaan' the holy month of Ramazan, a chance of 30 days 'Refresher Course' to earn the blessings of Allah stands only 2-3 weeks away from now onwards.
Even the ink had not dried on the agreement reached at the six-nation talks, held in Beijing on North Korea's nuclear programme, when it became controversial. After the fourth round of week-long talks ended on Monday, all parties except for the North Kore
The country's trade data for the first two months of the current fiscal year are highly disconcerting. According to the latest figures released by Federal Bureau of Statistics on 19th September, the cumulative trade deficit for the July-August 2005 period
The Lahore High Court (LHC) has allowed Abdur Rehman Kanju to contest the election of district nazim Lodhran. The petitioner has approached the court against the decision of District Returning Officer (DRO), who had rejected his nomination papers on the p
A delegation of the World Bank will visit the Large Taxpayers Unit (LTU) at Lahore here on Friday. The WB officials are scheduled to meet the Lahore Large Taxpayers Unit Director General Hussain Sherazi, who will brief them about the goals and objectives
Opposition parties would cooperate more and fight more vigorously in the third round of Local Body Election, and would gain more successes than before.
The Lahore High Court (LHC), while accepting the appeal of Malik Ashraf Awan, an activist of defunct religious organisation, has directed the government to release him.
The former Foreign Minister Sardar Asif Ahmed Ali has said that ongoing Pak-India talks were symbolic, as no break through had so far been made on any issue through these dialogues.
The Minister of State for Petroleum and Natural Resources Mir Naseer Mengal has said that the government is encouraging use of CNG as an alternate fuel, to check pollution and lessen the increasing burden on common man following increase in prices of dies
Visiting Vice-President of Japan International Co-operation Agency (JICA), Ueda Yoshihisa has expressed hope that the technological assistance being provided by Japan would help accelerate the process of development in Pakistan's economy especially in the
A two-week post-graduate training course on the "Use of Nuclear and other Advanced Techniques in Food and Agriculture Research" aimed at dissemination of latest scientific knowledge about the developments taking place in the field of Food and Agriculture
NWFP Chief Secretary Ejaz Ahmed Qureshi has asked revenue officers to discharge their duties with more dedication as they are custodian of the land of common people as well as the state had assigned them heavy responsibilities of protecting the rights of
The Bank of Khyber (BoK) is going to subscribe its Rs 41 million shares through Karachi Stock Exchange (KSE) in November this year, BoK Managing Director Qazi Munir-ul-Haq told Business Recorder on Thursday.
The Bank of Khyber (BoK) is going to subscribe its Rs 41 million shares through Karachi Stock Exchange (KSE) in November this year, BoK Managing Director Qazi Munir-ul-Haq told Business Recorder on Thursday.
Dr Khurram Tariq (Faisalabad) was elected Chairman and Muhammad Rafi Soni (Sialkot) Vice Chairman of the Pakistan Hosiery Manufacturers Association (North Zone), while Muhammad Amjad Khuwaja, Rana Mushtaq Ahmad (Faisalabad) and Shezad Azam Khan (Lahore) w
A two-day national seminar on the development of herbal drugs and Industry in Pakistan is being organised by the Riphah Institute of Pharmaceutical Sciences of Riphah International University at Al-Mizan Islamic International Medical College Complex here
Another three persons including two children Junaid (10) and Irfan (12) succumbed their burns in emergency ward of Nishtar Hospital Multan on Thursday. While another four are in critical condition.
On the directives of District Co-ordination Officer and Caretaker of District Government Athar Hussain Khan Sial, EDO Health Faisalabad has constituted a two-member committee to probe into the wide scale misuse of powers by few health officers, who are vi
Election of the All Pakistan Textile Processing Mills Association (APTPMA), Faisalabad Region, has been completed peacefully in which Shabbir Ahmad and Rao Saif-ur-Rehman elected unopposed as Chairman and Vice Chairman, respectively for the next one year
A tentage village was developed on 350 acres of land to accommodate 1.5 million people in Sehrah-I-Madina some 18 kilometre south-west of Multan. More than 150 shops of eatables and other items were also established to facilitate the participants. Proceed
Etihad Airways, the national airline of United Arab Emirates (UAE), formally inaugurated its new office in Karachi on Thursday. The official reception was hosted by Etihad Airways Pakistan Area Manager Joost den Hartog and Kevin Steole, Etihad's head of s
Revelation Marketing, Inc recently held a training seminar titled "Brand New Ideas". The workshop aimed to provide an insight into the future of marketing, advertising and the media. Speakers from leading marketing companies addressed the occasion and hig
Shahida Kausar Farooq, Chairperson Subha-e-Nau, an organisation working for environmental up-gradation and public health, has said that if the city government instead of spending millions on parks and other such projects had taken care of issues of urgent
To address the issues for corporate involvement in Family Planning (FP) and Reproductive Health (RH) awareness and services in Pakistan, a corporate summit will be held at a local hotel tomorrow (September 23).