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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-09-24
Unethical practices and damaging masses' health

Unethical practices and damaging masses' health

Lay-public thinks that the drugs prescribed by qualified doctors do not produce harmful effects on human system. Beside it, the non prescription drugs used are equally beneficial as those bought on payment of fee and seeking a prescription.
Published 24 Sep, 2005 12:00am
ECC to review list of trade items with India: minister

ECC to review list of trade items with India: minister

Commerce Minister Humayun Akhtar said here on Friday that diesel and many other items were on mutual trade list with India, but final decision would be made after completion of review to identify barriers, especially the non-tariff ones, is approved by th
Published 24 Sep, 2005 12:00am
ECC to review list of trade items with India: minister

ECC to review list of trade items with India: minister

Commerce Minister Humayun Akhtar said here on Friday that diesel and many other items were on mutual trade list with India, but final decision would be made after completion of review to identify barriers, especially the non-tariff ones, is approved by th
Published 24 Sep, 2005 12:00am
CURRENT TOPICS: Our culture and agriculture

CURRENT TOPICS: Our culture and agriculture

Often it is questioned whether Pakistan's culture is ancient, modern, eastern or western. I would say our culture emanates from agriculture as a major percentage of population lives in villages and are occupied with farming.
Published 24 Sep, 2005 12:00am
ECC to review list of trade items with India: minister

ECC to review list of trade items with India: minister

Commerce Minister Humayun Akhtar said here on Friday that diesel and many other items were on mutual trade list with India, but final decision would be made after completion of review to identify barriers, especially the non-tariff ones, is approved by th
Published 24 Sep, 2005 12:00am
Consumer rights need legal protection

Consumer rights need legal protection

Consumers don't have any rights in Pakistan as shopkeepers and service providers fleece them at will. The consumer protection campaign has failed to make an impact in the country so far. This is an issue of vital importance and the activists in the field
Published 24 Sep, 2005 12:00am
Financial derivatives business rules amended

Financial derivatives business rules amended

The State Bank of Pakistan has amended the ''financial derivatives business regulations'' to facilitate derivatives transactions of authorised derivative dealers and non-market maker financial institutions who would now use long-term confirmation in place
Published 24 Sep, 2005 12:00am
Financial derivatives business rules amended

Financial derivatives business rules amended

The State Bank of Pakistan has amended the 'financial derivatives business regulations' to facilitate derivatives transactions of authorised derivative dealers and non-market maker financial institutions who would now use long-term confirmation in place o
Published 24 Sep, 2005 12:00am
HGCA sees British wheat quality better

HGCA sees British wheat quality better

Britain's wheat crop quality is better than last year although the latest survey results show a modest decline from early indications, according to data issued by the Home-Grown Cereals Authority on Friday.
Published 24 Sep, 2005 12:00am
Financial derivatives business rules amended

Financial derivatives business rules amended

The State Bank of Pakistan has amended the 'financial derivatives business regulations' to facilitate derivatives transactions of authorised derivative dealers and non-market maker financial institutions who would now use long-term confirmation in place o
Published 24 Sep, 2005 12:00am
HRW wheat bids holding steady

HRW wheat bids holding steady

Spot basis offers for hard red winter wheat were holding steady Friday as merchants kept an eye on the weather and continued trying to seed new-crop wheat. The basis was 2 cents a bushel weaker in Catoosa, Oklahoma, but otherwise unchanged.
Published 24 Sep, 2005 12:00am
KSE index loses 6.10 points

KSE index loses 6.10 points

Weekend considerations forced the investors to sell their holdings, which resulted in negative closing or the stock market where most of investment and trading stocks finished in the red zone.
Published 24 Sep, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 128,901 tonnes of cargo including 112,528 tonnes import and 15,637 tonnes export cargo including 4,120 containers (TEUs) during last 24 hours ending at 0700 hours on Friday.
Published 24 Sep, 2005 12:00am
KSE index loses 6.10 points

KSE index loses 6.10 points

Weekend considerations forced the investors to sell their holdings, which resulted in negative closing or the stock market where most of investment and trading stocks finished in the red zone.
Published 24 Sep, 2005 12:00am
Brazil criticises EU sugar quota cut

Brazil criticises EU sugar quota cut

The European Union's decision to cut sugar production quotas by 1.806 million tonnes is "out-of-order" because it will unleash a similar quantity onto the world market and depress prices, officials said.
Published 24 Sep, 2005 12:00am
KSE index loses 6.10 points

KSE index loses 6.10 points

Weekend considerations forced the investors to sell their holdings, which resulted in negative closing or the stock market where most of investment and trading stocks finished in the red zone.
Published 24 Sep, 2005 12:00am
EU raises wheat subsidy, export volume

EU raises wheat subsidy, export volume

The European Union increased its wheat export subsidy to a maximum of 7.50 euros from 6.00 euros a tonne on Thursday and raised the volume covered to more than 280,000 tonnes from below 60,000 tonnes last week.
Published 24 Sep, 2005 12:00am
Cut in duties on textile items to be sought

Cut in duties on textile items to be sought

Pakistan and USA will discuss duty-free import by USA of products manufactured in qualified industrial zone (QIZ) set up jointly by Pakistan and Afghanistan. Duty-free access will also be sought for products manufactured in industries set up in underdevel
Published 24 Sep, 2005 12:00am
FOB Gulf corn and soyabean mostly steady

FOB Gulf corn and soyabean mostly steady

US FOB Gulf corn and soyabean basis values were mostly steady on Thursday, with soyabeans supported by talk of fresh sales to China, traders said.
Published 24 Sep, 2005 12:00am
Cut in duties on textile items to be sought

Cut in duties on textile items to be sought

Pakistan and USA will discuss duty-free import by USA of products manufactured in qualified industrial zone (QIZ) set up jointly by Pakistan and Afghanistan. Duty-free access will also be sought for products manufactured in industries set up in underdevel
Published 24 Sep, 2005 12:00am
US Midwest soyabean bids weak, corn mixed

US Midwest soyabean bids weak, corn mixed

Spot soyabean basis bids were steady to weak in the US Midwest Friday and movement was moderate, although rains late Thursday stalled harvesting in the Great Lakes region, dealers said.
Published 24 Sep, 2005 12:00am
Cut in duties on textile items to be sought

Cut in duties on textile items to be sought

Pakistan and USA will discuss duty-free import by USA of products manufactured in qualified industrial zone (QIZ) set up jointly by Pakistan and Afghanistan. Duty-free access will also be sought for products manufactured in industries set up in underdevel
Published 24 Sep, 2005 12:00am
CBOT wheat futures up as funds short-covering

CBOT wheat futures up as funds short-covering

Wheat futures at the Chicago Board of Trade closed higher on Thursday amid fund short-covering, supportive exports and on gains in the MGE spring wheat market, traders said.
Published 24 Sep, 2005 12:00am
World Bank demand to end FPS rejected

World Bank demand to end FPS rejected

The Ministry of Petroleum (MoP) has termed World Bank''s demand to phase out freight pool system as impractical, and has decided to continue with the existing system to deliver petroleum products in different parts of the country.
Published 24 Sep, 2005 12:00am
Price drives rise in China's zinc metal imports

Price drives rise in China's zinc metal imports

Higher domestic zinc prices are prompting Chinese merchants to import more metal. But record lows fees received by Chinese smelters for processing imported concentrate into zinc are cutting the smelters' imports of their main raw material.
Published 24 Sep, 2005 12:00am
World Bank demand to end FPS rejected

World Bank demand to end FPS rejected

The Ministry of Petroleum (MoP) has termed World Bank's demand to phase out freight pool system as impractical, and has decided to continue with the existing system to deliver petroleum products in different parts of the country.
Published 24 Sep, 2005 12:00am
Kenya aims to halve sugar deficit in 2005-06

Kenya aims to halve sugar deficit in 2005-06

Kenya hopes to more than halve its sugar deficit in the 2005/06 trading year helped by a strong expansion in its factories, the head of the state-run sugar regulator said on Friday.
Published 24 Sep, 2005 12:00am
World Bank demand to end FPS rejected

World Bank demand to end FPS rejected

The Ministry of Petroleum (MoP) has termed World Bank's demand to phase out freight pool system as impractical, and has decided to continue with the existing system to deliver petroleum products in different parts of the country.
Published 24 Sep, 2005 12:00am
Oil cake market rates

Oil cake market rates

Expectations of fresh arrivals, pushed the prices downward on the forward cottonseed oilcake market on Friday, dealers said. The December vaida commenced on a negative note, losing 20 paisa at Rs 417.00 and that proved to be day's highest at the same rate
Published 24 Sep, 2005 12:00am
24 Texas evacuees killed as bus catches fire

24 Texas evacuees killed as bus catches fire

The evacuation of the US Gulf Coast turned deadly on Friday when a bus carrying elderly evacuees fleeing Hurricane Rita along a major escape route burst into flames and killed an estimated 24 people on board, officials said.
Published 24 Sep, 2005 12:00am
Spinners buying keeps cotton price firm

Spinners buying keeps cotton price firm

Steady trend was witnessed in the cotton market on Friday as the spinners continued buying despite the reports about the good production, relevant sources said.
Published 24 Sep, 2005 12:00am
24 Texas evacuees killed as bus catches fire

24 Texas evacuees killed as bus catches fire

The evacuation of the US Gulf Coast turned deadly on Friday when a bus carrying elderly evacuees fleeing Hurricane Rita along a major escape route burst into flames and killed an estimated 24 people on board, officials said.
Published 24 Sep, 2005 12:00am
Wheat down Rs 5, garda Punjab up Rs 25

Wheat down Rs 5, garda Punjab up Rs 25

Downward trend persisted in the grain market on Friday as most of the participants kept on the sidelines due to steady supply position, dealers said.
Published 24 Sep, 2005 12:00am
Six killed as rainstorm hits Faisalabad

Six killed as rainstorm hits Faisalabad

Six people, including two minors, were killed and several others injured, when heavy dust storm and downpour hit industrial city and causing more trouble to the people as water accumulated in various important and busy centers.
Published 24 Sep, 2005 12:00am
Plastic mouldings move both ways

Plastic mouldings move both ways

The trading on plastic mouldings moved both ways here on Jodia Bazar on Friday. The following variations were seen in the HDPE film Saudia 952 down 75 paisa to Rs 37.50, Mobil down 75 paisa to Rs 37.50, TR144 down 50 paisa to Rs 37, HDPE injection Sabic 2
Published 24 Sep, 2005 12:00am
Six killed as rainstorm hits Faisalabad

Six killed as rainstorm hits Faisalabad

Six people, including two minors, were killed and several others injured, when heavy dust storm and downpour hit industrial city and causing more trouble to the people as water accumulated in various important and busy centers.
Published 24 Sep, 2005 12:00am
World market price for upland cotton

World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 39.14 cents per pound, effective through September 29.
Published 24 Sep, 2005 12:00am
Khokhrapar-Monabao rail link to yield $2 billion trade

Khokhrapar-Monabao rail link to yield $2 billion trade

The linking of Karachi Port with India through the Khokhrapar-Monabao rai1 link, scheduled to be reopened later this year, would result in $2 billion bilateral trade between the two countries.
Published 24 Sep, 2005 12:00am
New York coffee creeps up on Rita storm worries

New York coffee creeps up on Rita storm worries

US coffee futures rose about 1 percent on Thursday as speculators bought back their short positions amid worries that Hurricane Rita may spell more trouble for unfrosted coffee beans stored in hurricane-stricken Louisiana, market sources said.
Published 24 Sep, 2005 12:00am
Khokhrapar-Monabao rail link to yield $2 billion trade

Khokhrapar-Monabao rail link to yield $2 billion trade

The linking of Karachi Port with India through the Khokhrapar-Monabao rai1 link, scheduled to be reopened later this year, would result in $2 billion bilateral trade between the two countries.
Published 24 Sep, 2005 12:00am
Khokhrapar-Monabao rail link to yield $2 billion trade

Khokhrapar-Monabao rail link to yield $2 billion trade

The linking of Karachi Port with India through the Khokhrapar-Monabao rai1 link, scheduled to be reopened later this year, would result in $2 billion bilateral trade between the two countries.
Published 24 Sep, 2005 12:00am
MGE wheat closes higher on fund buying

MGE wheat closes higher on fund buying

Spring wheat futures at the Minneapolis Grain Exchange roared higher on Thursday on fund-buying following a strong weekly export sales report and a bullish private crop estimate, traders said.
Published 24 Sep, 2005 12:00am
Shaukat for enhanced oil and gas exploration activities

Shaukat for enhanced oil and gas exploration activities

Prime Minister Shaukat Aziz on Friday called for increasing oil exploration activities in the country and encouraging use of liquefied petroleum gas (LPG) and Compressed natural gas (CNG) in vehicles in the wake of growing energy needs and rising internat
Published 24 Sep, 2005 12:00am
India's winter oilseeds output seen rising

India's winter oilseeds output seen rising

India's winter oilseeds output is expected to rise to 13.04 million tonnes from 12.36 million due to September rains that have also brightened summer output prospects, a leading trade body said on Friday.
Published 24 Sep, 2005 12:00am
Shaukat for enhanced oil and gas exploration activities

Shaukat for enhanced oil and gas exploration activities

Prime Minister Shaukat Aziz on Friday called for increasing oil exploration activities in the country and encouraging use of liquefied petroleum gas (LPG) and Compressed natural gas (CNG) in vehicles in the wake of growing energy needs and rising internat
Published 24 Sep, 2005 12:00am
Comex copper ends off new record, funds fear Rita

Comex copper ends off new record, funds fear Rita

Copper futures finished with healthy gains on Thursday, even though they pulled off the record highs by the settlement, as funds continued their week-long buying spree in anticipation of Hurricane Rite's possible punch to the US Gulf Coast, traders said.
Published 24 Sep, 2005 12:00am
Shaukat for enhanced oil and gas exploration activities

Shaukat for enhanced oil and gas exploration activities

Prime Minister Shaukat Aziz on Friday called for increasing oil exploration activities in the country and encouraging use of liquefied petroleum gas (LPG) and Compressed natural gas (CNG) in vehicles in the wake of growing energy needs and rising internat
Published 24 Sep, 2005 12:00am
New York gold closes off new peak on profit-taking

New York gold closes off new peak on profit-taking

Gold futures settled lower on fund and bank selling on Thursday, after inflation fears due to pricey oil and a busy hurricane season lifted the metal to near-18-year and contract highs, dealers and analysts said.
Published 24 Sep, 2005 12:00am
OGDC to increase LPG production

OGDC to increase LPG production

Oil and Gas Development Company (OGDC) has planned to expand production of liquefied petroleum gas (LPG) in the country to cater to the growing needs of northern areas, urban suburbs and rural areas.
Published 24 Sep, 2005 12:00am
Gold steadies in Asia, supported near $465

Gold steadies in Asia, supported near $465

Gold steadied in Asia on Friday after the metal's rise to its highest level in nearly 18 years sparked heavy fund selling. The physical sector was quiet as volatility put jewellers off while a holiday in Japan limited activity. But dealers said uncertaint
Published 24 Sep, 2005 12:00am
OGDC to increase LPG production

OGDC to increase LPG production

Oil and Gas Development Company (OGDC) has planned to expand production of liquefied petroleum gas (LPG) in the country to cater to the growing needs of northern areas, urban suburbs and rural areas.
Published 24 Sep, 2005 12:00am
OGDC to increase LPG production

OGDC to increase LPG production

Oil and Gas Development Company (OGDC) has planned to expand production of liquefied petroleum gas (LPG) in the country to cater to the growing needs of northern areas, urban suburbs and rural areas.
Published 24 Sep, 2005 12:00am
Oil falls below $66 on hopes Rita misses refineries

Oil falls below $66 on hopes Rita misses refineries

Oil fell below $66 a barrel and gasoline prices slid on Friday as Hurricane Rita lost some intensity, while its direction may avert a direct hit on the heart of the Texas refining hub near Houston.
Published 24 Sep, 2005 12:00am
Japanese markets closed

Japanese markets closed

Most of the financial centres remained closed in Japan on Friday due to a local holiday.
Published 24 Sep, 2005 12:00am
High copper prices cut demand in South Korea and Taiwan

High copper prices cut demand in South Korea and Taiwan

Record-high copper prices have hit demand in South Korea and Taiwan, with import premiums slipping as some buyers seek to postpone or cancel shipments of the red metal, traders said on Friday.
Published 24 Sep, 2005 12:00am
Syngenta and INSEAD establish scholarship foundation

Syngenta and INSEAD establish scholarship foundation

Syngenta and INSEAD announced creation of a scholarship foundation for students from emerging countries to study for a Master of Business Administration degree (MBA) at INSEAD, according to a press released issued on Thursday.
Published 24 Sep, 2005 12:00am
New York sugar closes strong, recoups day losses

New York sugar closes strong, recoups day losses

Raw sugar prices regained nearly all of their day losses on Thursday, with some funds and speculators buying back what they sold in the corrective move lower on Wednesday, traders said.
Published 24 Sep, 2005 12:00am
Oil boom seen putting Middle East reforms at risk

Oil boom seen putting Middle East reforms at risk

Surging oil prices have spurred "extremely positive change" in Middle Eastern governments' balance sheets, making some feel less pressed to implement needed reforms, the World Bank said on Friday.
Published 24 Sep, 2005 12:00am
Soya closes firm, off highs as oil eases

Soya closes firm, off highs as oil eases

soyabeans futures at the Chicago Board of Trade rose 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.
Published 24 Sep, 2005 12:00am
Anger grows as world powers haggle over debt relief

Anger grows as world powers haggle over debt relief

Prospects appeared to recede Friday for a deal this weekend by world financial leaders to cancel the crushing debts of the poorest nations, to the bitter dismay of debt-relief advocates.
Published 24 Sep, 2005 12:00am
Malaysian tin up for third straight day

Malaysian tin up for third straight day

Malaysian tin rose for a third straight day on Friday on support from Japanese and European buyers after a fresh rise in the London price of the metal overnight, dealers said.
Published 24 Sep, 2005 12:00am
Key signatories urged to ratify CTBT

Key signatories urged to ratify CTBT

Some 117 countries wrapped up a three-day meeting here on Friday on bringing the nuclear test ban treaty into force, pressing for early ratification of the pact by the United States, China, Israel, Iran and seven other signatories.
Published 24 Sep, 2005 12:00am
CBOT rice soars to 3-1/2-week top on exports

CBOT rice soars to 3-1/2-week top on exports

Rough rice futures at the Chicago Board of Trade soared more than 25 cents to a 3-1/2 week top Thursday, gapping higher on the open in reaction to an impressive weekly export sales tally released by the government, traders said.
Published 24 Sep, 2005 12:00am
Key signatories urged to ratify CTBT

Key signatories urged to ratify CTBT

Some 117 countries wrapped up a three-day meeting here on Friday on bringing the nuclear test ban treaty into force, pressing for early ratification of the pact by the United States, China, Israel, Iran and seven other signatories.
Published 24 Sep, 2005 12:00am
Malaysian palm oil output may rise

Malaysian palm oil output may rise

Malaysia, the biggest oil palm grower, could see a new record for palm oil production this month, with output expected to be 5.7 percent above August, a Reuters survey showed on Thursday.
Published 24 Sep, 2005 12:00am
Poor Andeans protest as US trade talks near end

Poor Andeans protest as US trade talks near end

Thousands of Peruvians and Colombians marched through the streets of their capitals on Thursday to block a US-Andean free-trade pact they say will wreck their farms and cost them jobs, as negotiators said nearly 90 percent of the deal was done.
Published 24 Sep, 2005 12:00am
South Korea third quarter consumer sentiment weakest in 2005

South Korea third quarter consumer sentiment weakest in 2005

South Korea's consumer sentiment index dipped to its weakest level this year in the third quarter, central bank data showed on Friday, undermining government optimism that a recovery in domestic demand will keep picking up.
Published 24 Sep, 2005 12:00am
Apple, record labels to face off over pricing

Apple, record labels to face off over pricing

The love affair between record labels and Apple Computer Inc could be headed for the rocks as they bicker over prices ahead of licensing renegotiations set for early next year.
Published 24 Sep, 2005 12:00am
Nigerian militants cut deeper into oil output

Nigerian militants cut deeper into oil output

Ethnic militants cut deeper into Nigerian oil supply on Friday when US-based Chevron shut a second production platform as a safety precaution after an armed group stormed a nearby facility.
Published 24 Sep, 2005 12:00am
Iraqi investors launch investment firm in Jordan

Iraqi investors launch investment firm in Jordan

Leading Iraqi businessmen have set up a holding company in Amman to undertake multi-million dollar investments in projects in their home country, a founder of the group said on Friday.
Published 24 Sep, 2005 12:00am
Europe ready to ship more oil as Rita nears Texas

Europe ready to ship more oil as Rita nears Texas

Europe's energy industry was ready to send more fuel the United States on Friday as Hurricane Rita threatened to wreak havoc on Texan oil and gas facilities. The storm has the potential to cause fuel shortages and price spikes in the world's number one en
Published 24 Sep, 2005 12:00am
JGBs rebound on US Treasury recovery, weak stocks

JGBs rebound on US Treasury recovery, weak stocks

Japanese government bonds (JGBs) recovered on Thursday, helped by a rebound in US Treasury prices and by a drop in the Tokyo stock market as it took a breather after hitting four-year highs.
Published 24 Sep, 2005 12:00am
JGBs rebound on US Treasury recovery, weak stocks

JGBs rebound on US Treasury recovery, weak stocks

Japanese government bonds (JGBs) recovered on Thursday, helped by a rebound in US Treasury prices and by a drop in the Tokyo stock market as it took a breather after hitting four-year highs.
Published 24 Sep, 2005 12:00am
Goodyear to cut costs up to $1 billion

Goodyear to cut costs up to $1 billion

Goodyear Tire & Rubber Co on Friday set plans to cut costs by up to $1 billion over the next three years, close plants and sell certain assets in a bid to counter high commodity prices and pension costs. Shares of Goodyear, the largest US tire maker, rose
Published 24 Sep, 2005 12:00am
Goodyear to cut costs up to $1 billion

Goodyear to cut costs up to $1 billion

Goodyear Tire & Rubber Co on Friday set plans to cut costs by up to $1 billion over the next three years, close plants and sell certain assets in a bid to counter high commodity prices and pension costs. Shares of Goodyear, the largest US tire maker, rose
Published 24 Sep, 2005 12:00am
Food security worries could limit China biofuels

Food security worries could limit China biofuels

Worries about feeding the world's most populous nation could limit the growth of China's environmentally-friendly biofuels industry, officials and executives said on Friday.
Published 24 Sep, 2005 12:00am
US wants bigger IMF role for emerging economies

US wants bigger IMF role for emerging economies

Fast-growing emerging economies should have more say in how the International Monetary Fund conducts its lending operations, and that means rich countries may have to yield some power, US Treasury Under Secretary Tim Adams suggested on Friday.
Published 24 Sep, 2005 12:00am
US wants bigger IMF role for emerging economies

US wants bigger IMF role for emerging economies

Fast-growing emerging economies should have more say in how the International Monetary Fund conducts its lending operations, and that means rich countries may have to yield some power, US Treasury Under Secretary Tim Adams suggested on Friday.
Published 24 Sep, 2005 12:00am
Microsoft sets dividend

Microsoft sets dividend

Microsoft Corp on Friday declared an unchanged quarterly dividend of 8 cents a share and said it changed its rules for electing directors. Under the new rules, any director who receives a majority of withheld votes in an uncontested election must submit h
Published 24 Sep, 2005 12:00am
Microsoft sets dividend

Microsoft sets dividend

Microsoft Corp on Friday declared an unchanged quarterly dividend of 8 cents a share and said it changed its rules for electing directors. Under the new rules, any director who receives a majority of withheld votes in an uncontested election must submit h
Published 24 Sep, 2005 12:00am
Egypt predicts failure for WTO at Hong Kong

Egypt predicts failure for WTO at Hong Kong

The World Trade Organisation is set to fail to seal a breakthrough deal for free trade at a Hong Kong gathering in December, Egyptian Finance Minister Yusef Boutros-Ghali said Thursday.
Published 24 Sep, 2005 12:00am
G7 to welcome China yuan steps, wince at high oil

G7 to welcome China yuan steps, wince at high oil

Soaring energy costs and steps by China to loosen its rigid currency trading system looked set to dominate talks on Friday among finance chiefs from the world's rich nations. As US officials kept one eye on the second hurricane in a month to head for the
Published 24 Sep, 2005 12:00am
Trade talks still stuck despite positive spin

Trade talks still stuck despite positive spin

Four key developed and developing trading partners failed on Friday to break a deadlock in world free trade talks, although they expressed confidence progress could be made soon.
Published 24 Sep, 2005 12:00am
400 richest in US worth $1.13 trillion

400 richest in US worth $1.13 trillion

America's wealthiest people got even richer over the past year, with the top 400 now worth 1.13 trillion dollars, Forbes magazine reports. Microsoft founder Bill Gates kept his top spot on the Forbes list for the 12th straight year as his fortune grew to
Published 24 Sep, 2005 12:00am
Oracle quarterly profit jumps

Oracle quarterly profit jumps

Software company Oracle Corp reported quarterly profit jumped 38 percent on its purchase of PeopleSoft but forecast revenues at the low end of expectations, sending shares down 4.4 percent.
Published 24 Sep, 2005 12:00am
Oracle quarterly profit jumps

Oracle quarterly profit jumps

Software company Oracle Corp reported quarterly profit jumped 38 percent on its purchase of PeopleSoft but forecast revenues at the low end of expectations, sending shares down 4.4 percent.
Published 24 Sep, 2005 12:00am
India's Larsen signs $3.4 billion deal with Dubai firm

India's Larsen signs $3.4 billion deal with Dubai firm

India's largest engineering company has signed a 150-billion-rupee (3.4-billion-dollar) deal with a Dubai-based firm to build an aluminium plant in the eastern Indian state of Orissa.
Published 24 Sep, 2005 12:00am
US will adjust September jobs count due to Katrina

US will adjust September jobs count due to Katrina

The US Bureau of Labour Statistics on Friday said it will change the way it estimates September employment due to the devastation of businesses and dislocation of workers in regions hit by Hurricane Katrina.
Published 24 Sep, 2005 12:00am
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