After nearly a year of watching Canadian interest rates stay near historical lows, economists and traders are now betting on steady tightening by the Bank of Canada, but some analysts say the market - and perhaps even the bank - might be getting ahead of
Southern and east African countries lose billions of dollars every year to drug trafficking, money laundering, corruption and mineral smuggling, severely hampering development, an expert said on Friday.
The new chief executive of Merck & Co Inc on Friday gave Wall Street its first taste of his plan to revive the company, including exploring expansion into medical devices and diagnostics, according to an analyst.
The Italian government said on Friday it had discovered a five billion euro hole in its public finances next year, requiring fresh deficit-cutting measures just one month after it presented the 2006 budget.
An International Monetary Fund mission will extend its stay in Belgrade to finish its review of a 2002-2005 loan deal with Serbia and Montenegro, as the government tries to convince them reforms are still on track.
The US Commerce Department asked a NAFTA trade panel on Friday to clarify its latest ruling on softwood lumber duties, a move that left Canadian trade officials grumbling.
The US Federal Communications Commission said it postponed until Monday a meeting to vote on Verizon Communications' $8.6 billion purchase of MCI Inc and SBC Communications Inc's $16 billion acquisition of AT&T Corp.
German luxury carmaker Porsche prevented a hostile takeover attempt at Volkswagen when it bought a stake in the world's fourth largest carmaker, Porsche's chief executive told Der Spiegel.
Ukrainian officials will try next week to secure US agreement in principle on a bilateral trade deal required for entry to the World Trade Organisation, Economy Minister Arseniy Yatsenyuk said on Saturday.
Singapore bunker prices were lower on Friday as bunker premiums eased off the previous day's unexpectedly high levels, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $309-$311 a tonne, down $6 from the previous day, with the bunk
The lineup of vessels to load sugar in Brazilian ports soared to 50 from 43 last week, shipping agent Williams said Thursday. It said in a weekly report that 24 vessels were lined up in the southern port of Santos, up from 19 last week.
Asian dry bulk freight rates were showing signs of recovery after dipping last week and demand for ships, especially those used to transport iron ore, was expected to strengthen in coming months. Spot voyage fixtures for modern panamax rates for the bench
China Shipping Development Co Ltd, the country's biggest coastal energy shipper, said on Tuesday its un-audited net profit rose 17.8 percent year on year in the third quarter of 2005.
China Shipping Development Co Ltd, the country's biggest coastal energy shipper, said on Tuesday its un-audited net profit rose 17.8 percent year on year in the third quarter of 2005.
The Karachi Port handled 103,547 tonnes of cargo including 76,972 tonnes import and 26,575 tonnes export cargo including 3,348 containers during last 24 hours ending at 0700 hours on Saturday.
Pan-European stock exchange Euronext is considering whether to make a nil-premium share-based take-over offer for the London Stock Exchange to get around opposition from some of its shareholders to a cash bid, the Financial Times newspaper said on Saturda
Eurozone inflation fell less than expected in October and business and consumer confidence improved, prompting speculation of a more hawkish stance from the European Central Bank.
Bangladesh on Saturday ordered a ban on the import of pet birds as part of a precaution against avian flu, a government minister said. Earlier, Dhaka banned the import of poultry from 18 Asian and European countries, although Bangladesh has never had a re
The European Union's new offer to cut farm tariffs provides a solution for world trade talks, Europe's trade chief said on Saturday, but the proposal failed to impress the bloc's international trading partners.
Britain's plan to cope with a human outbreak of bird flu is among the best in the world, a government scientist said on Saturday. Professor Roy Anderson, an authority on infectious diseases at Imperial College London, told BBC Radio the Department of Heal
While the US and Europe face off in world trade talks over proposals for cuts in farm tariffs, an unresolved issue from previous negotiations may yet present Washington with another showdown - cotton subsidies.
Sri Lanka can forge lasting peace with the Tamil Tigers and propel its economy to double-digit growth if its two main parties join forces, former prime minister and presidential hopeful Ranil Wickremesinghe said on Saturday.
Massive US deficits, red-hot housing prices, and volatile energy markets could soon dampen American consumption and darken world growth forecasts, the International Monetary Fund's chief economist said in remarks released on Friday.
Ukraine has agreed to pay solely in cash for its shipments of gas from Turkmenistan, Prime Minister Yuri Yekhanurov said on Saturday, after the Central Asian state said it was unhappy with Kiev's payments in kind.
The chief executive of European planemaker Airbus said on Saturday talks were continuing with Malaysia on ordering A400M military transport planes and that a deal could come within weeks.
Australia and the United States remain fierce competitors to supply wheat to Iraq, a rivalry undiminished by claims and counter-claims over alleged kickbacks to Saddam's regime by Australia's monopoly wheat exporter.
Tokyo gold futures fell slightly on Friday, pressured by profit-taking after rising for the past four days, but underlying sentiment was bullish with investors keen to test the key contract above a 14-year high.
Asian rubber prices were steady on Friday but supported by expectations producers will not drop their offer levels since raw material costs are near selling prices.
The emergence of a new competitor on the Nigerian cocoa market has driven prices up and reduced supply to some exporters, international traders said on Friday.
Soybean futures at the Chicago Board of Trade slipped on Friday on a technical breakdown, with the November contract falling below a key support level at $5.66-1/2, traders said.
Rough rice futures at the Chicago Board of Trade fell on Friday, a setback from the higher technical close on Thursday, traders said. The day's feature was spreading as firms rolled their November positions before the start of deliveries on Monday.
US copper futures rebounded from earlier weakness and closed near session highs on Friday as a late bout of short covering boosted prices in thin, choppy trade, dealers said.
Raw sugar prices finished easier Friday on speculative sales as the sweetener probed the bottom of its current range, with operators saying the market would need news to break out of its trading band.
Indian soy futures continued to slide on Friday on market talk that the government was considering a cut in customs duties of crude palm oil while gold and sugar were steady. Wheat gained slightly on tight stocks.
World oil prices rallied as energy demand was seen to be rising in the United States and China - the two biggest consumers of fuel. Platinum hit the highest level for a quarter of a century as demand for the metal outpaced supply.
Egypt's main official wheat buyer said on Saturday he had bought 120,000 tonnes of US and Australian wheat for December 1-10 shipment. Mahmoud Abdel-Hamid, vice chairman of the General Authority for Supply Commodities (GASC), told Reuters he had bought th
The London Metal Exchange (LME), the world's largest non-ferrous metals market, is looking to build on a solid 2005 performance, adding more plastics futures and extending electronic trading times.
Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Saudi Arabia's green light to join the World Trade Organisation (WTO) is likely to boost shares at the start of the week but trading will slow ahead of the Eid holiday, traders said on Saturday.
Mexican stocks closed 0.92 percent higher on Friday as investors' cheer over generally strong quarterly earnings outweighed concerns about rising US interest rates.
US Treasury debt prices eased on Friday as data showing the US economy grew robustly in the third quarter despite a devastating hurricane season reinforced expectations for further interest rate hikes.
US Treasury debt prices eased on Friday as data showing the US economy grew robustly in the third quarter despite a devastating hurricane season reinforced expectations for further interest rate hikes.
For American investors, China can seem a land of limitless possibility - entrepreneurs salivate at the thought of doing business with just a sliver of the population of 1.3 billion.
European shares, trading near 2-month lows on mounting fears of higher interest rates and subdued by lower company forecasts, will take direction from central bank meetings and a raft of company results next week.
General Motors Corp and its finance unit's bonds were little changed on Friday as the market considered the impact of the Securities and Exchange Commission's investigation of the ailing automaker's pension accounting practices.
General Motors Corp and its finance unit's bonds were little changed on Friday as the market considered the impact of the Securities and Exchange Commission's investigation of the ailing automaker's pension accounting practices.
Toronto stocks finished higher on Friday in a broad-based rally led by rebounding energy issues and a high-flying Hudson's Bay Co. The Toronto Stock Exchange's S&P/TSX composite index climbed 66.85 points, or 0.65 percent, to close at 10,312.30.
Many US credit spreads have moved sideways or even tightened recently despite analysts pointing to more reasons why corporate credit is likely to weaken next year.
Many US credit spreads have moved sideways or even tightened recently despite analysts pointing to more reasons why corporate credit is likely to weaken next year.
US stocks rallied on Friday, giving the Dow average its biggest one-day point rise since April, as a government report showed third-quarter economic growth that exceeded expectations and Microsoft Corp's earnings lifted the technology sector.
The Canadian dollar fell slightly versus the US currency on Friday, as strong data gave the greenback a lift. The currency was at C$1.1748 to the US dollar, or 85.12 US cents, down from C$1.1719 to the US dollar, or 85.33 US cents, at Thursday's session c
The dollar advanced on Friday, bolstered by a robust US gross domestic product report and news that only one White House official was indicted in a grand jury probe about the leak of a covert CIA agent's identity.
Colombia's benchmark 90-day, fixed-term deposit rate, or DTF, will rise one basis point from last week to 6.46 percent in the week to November 6, the central bank said on Friday. The DTF is set weekly, according to a central bank survey of commercial bank
Deutsche Asset Management's currency fund expects the US dollar to fall in the long term on a wide current account deficit and rising inflation. But such a view on the currency has worked against it so far.
Speculators in IMM yen futures boosted their net short position during the trading week ending October 25, pushing short contracts to a 6-1/2-year high, data released on Friday showed.
Australian opening batsman Justin Langer is confident he will play in next week's opening cricket Test against the West Indies despite fracturing a rib in a one-day match.
The West Indies were in a winning position in their four-day tour cricket match against Queensland after Marlon Samuels hit a record-breaking 257 here on Saturday.
Defending champion Vijay Singh missed the cut on Friday at the Chrysler Championship, where Steve Lowery seized the second-round lead with a five-under-par 66.
New Zealand batsman Lou Vincent made a sparkling 90 but could not stop South Africa gaining their 11th successive win in the second one-day international at Newlands on Friday.
England wicket-keeper Geraint Jones said Saturday that low bounce and spin on Pakistani pitches would be a new challenge for him but he was fully prepared.
Two people showing symptoms of the bird flu virus have died in the past week in Vietnam, where the disease has already killed more than 40 people, hospital officials said on Saturday.
The Palestinian interior minister vowed on Saturday to crack down further on armed groups saying he would deal "firmly and seriously" with illegal weapons manufacturing workshops and storage sites.
Palestinians called on Saturday for swift international intervention to stop a series of Israeli air strikes on Gaza that have knocked out electricity to several thousand homes and blasted deep craters in roads.
Syria said on Saturday it was setting up a special judicial committee to investigate Syrians implicated in the killing of Lebanon's former Prime Minister Rafik al-Hariri.
The indictment of former top White House aide Lewis Libby in the CIA leak investigation will put Vice President Dick Cheney's office at the center of court proceedings, with the potential of a politically damaging trial for the beleaguered Bush administra
Men in black clothes and masks beheaded three teenage Christian girls on Saturday in eastern Indonesia as they walked to school near the Muslim town of Poso, officials said.
A US and a British soldier were gunned down in Afghanistan Saturday in a deadly series of attacks that claimed 23 lives, including those of 14 suspected Taleban insurgents, officials said.
Iran on Saturday cautiously retreated from remarks by its president that Israel should be "wiped off the map", saying it stood by its UN commitments and would not use violence against another country.
The Directorate General Health Services NWFP Peshawar has requested the donor agencies to provide the following medicines, surgical disposable and surgical instruments etc for referred/ambulatory earth quake victims presently under treatment at Khyber Tea
I draw the attention of the concerned authorities towards the dormant traffic signal installed at Soldier Bazar No 3 roundabout. After its installation, less than a month ago, it became dysfunctional. Interestingly not a single traffic constable was avail
On October 20 we saw a letter in the Business Recorder from Muhammad Shamim regarding relief to earthquake-hit Northern Area, an industrial zone, which is quite correct.
This is in reference to the corporate news on CDC under the caption "A silent revolution, capitalising on the confidence extended by market" dated 10th October 2005. The progress of CDC in terms of revenue and in the number of investor accounts is certain
The economy continued to accelerate for yet another year in FY05, with real GDP growth rising to a 20-year high of 8.4 percent, propelled by above-target contributions from all three major sectors, namely, agriculture, industry and services (see Table 1.1
The economy continued to accelerate for yet another year in FY05, with real GDP growth rising to a 20-year high of 8.4 percent, propelled by above-target contributions from all three major sectors, namely, agriculture, industry and services (see Table 1.1
That the quandary at the Central Board of Revenue (CBR) has acquired bewildering proportions should become all the more evident from two Recorder Reports, simultaneously appearing on October 29.
Soon after the devastating earthquake of October 8 that hit Azad Kashmir and parts of NWFP, the Opposition parties in the National Assembly had offered their support to the government to meet the humanitarian challenge.
The second batch of tents which Jamaat-i-Islami has purchased from Saudi Arabia to set up tent villages for the quake victims reached Islamabad from Jeddah on Saturday.
Gul Hameed Rokri Punjab Minister for Revenue and Relief chairing a meeting here on Saturday said that 98 trucks of relief aid have been sent to earthquake affected areas by the provincial government recently.
Governor Punjab Lieutenant General Khalid Maqbool (Retd) has expressed satisfaction over relief activities in the quake-affected areas. Talking in a PTV programme he said the government is striving to rehabilitate the quake survivors.
With only a few days left in Eid-ul-Fitr, people have started reaching markets, bazaars, business centers and shopping plazas to purchase different articles to celebrate Eid.
The LCCI President Mian Shafqat Ali, Senior Vice President Abdul Basit and Vice President Aftab Ahmad Vohra, while expressing deep concern over broad daylight dacoity at Tanvir Corporation, Chiniot Plaza, Mcleod Road, have demanded of the Governor Punjab
Technology Up-gradation and Skill Development Company (TUSDEC) plans to benefit from the expertise of South East Asian nations like Malaysia and Singapore in the engineering sector while establishing country's first Tools, Dies and Moulds (TDM) centre.
Pakistan Railways (PR) in order to facilitate passengers on the occasion of Eid-ul-Fitr has announced to run another nine 'Eid Special' trains, enhancing the number of these special trains to 13 from November 2.
Federal Parliamentary Secretary (Law, Justice & Human Rights) Farooq Amjad Meer delivered a lecture on 'Principles of Leading a Successful Life' here at the Jinnah Islamia College of Commerce Township Saturday.
Railway Minister Mian Shamim Haider has said that dryports will be established in all big cities of the country, as their importance in economy was of paramount importance.
Quake survivors are also eligible for Sadqa, Zakat and Fitrana and the Muslims must donate generously for the displaced brethren, said Maulana Muhammad Yusuf Anwar, Imam Jama Masjid Ahl-e-Hadis, Aminpur Bazaar.
Special prayers will be held in all Catholic churches of the city for the quake victims here on Sunday, October 30. The spiritual leader of Christians Pope Benedict XVI has asked the Christians to pray for the earthquake victims.
The First National Equities Limited (FNE) net profit for the first quarter of 2005-06 significantly improved by Rs 105.6 million as compared to Rs 7.8 million in the first quarter of 2004-05, said a press release issued here on Saturday.
The First National Equities Limited (FNE) net profit for the first quarter of 2005-06 significantly improved by Rs 105.6 million as compared to Rs 7.8 million in the first quarter of 2004-05, said a press release issued here on Saturday.
A delegation of the Delhi Sikh Gurdawara Parbandhak Committee, an administrative committee of the Gurdawaras in the federal capital of India, called on the Punjab Chief Minister, Chaudhry Pervaiz Elahi here on Saturday and presented to him the relief good
