US Treasury Secretary John Snow repeated on Tuesday that the Bush administration is continuing to press China to adopt a more flexible currency regime to help the global economy.
Chinese banks uncovered 613 criminal cases involving their funds in the first nine months of 2005, about 40 percent more than a year earlier, the bank regulator said on Tuesday, underscoring a tough battle to rein in financial risks.
The United States and China reached a three-year agreement on Tuesday to rein in China's booming clothing and textile shipments to the United States, solving an issue that had threatened to cool ties.
Finance ministers, business and labour unions ramped up pressure on the European Central Bank on Tuesday to refrain from hiking eurozone interest rates to fight inflation, telling the ECB it risked stifling economic recovery.
A major outbreak of bird flu in the European Union's poultry flock could close off exports worth $1 billion, force domestic prices lower but push up world market levels, a UN agency said on Tuesday.
German engineering group Siemens AG and Walt Disney Co on Tuesday said they have formed a 12-year strategic alliance that paves the way to broaden their technological collaboration.
De Beers, the world's biggest diamond producer, will sell 26 percent of its South African unit to a new black-owned firm for about 3.8 billion rand ($567 million) to meet government demands to include more blacks in the mainstream economy.
Top trade ministers admitted on Tuesday they could have to delay a mid-December deadline for a global deal, although the European Union warned such a move was risky and there was still time to overcome deep divisions.
Taiwan stocks ended a touch lower on Tuesday, with losses in big tech shares like United Microelectronics Corp (UMC) as investors worried year-end demand may be weaker than expected.
Malaysian share prices closed 0.27 percent lower on Tuesday on concerns about inflation fuelling rising interest rates and the spread of bird flu, dealers said.
Hong Kong stocks rose a quarter of a percent on Tuesday as bellwether stocks such as lender HSBC and mobile phone service provider China Mobile were lifted by higher overseas markets.
US stocks ended higher on Monday after oil prices settled below $60 a barrel, easing concerns about higher energy costs and renewing investors' enthusiasm for the technology and banking sectors.
US Treasuries rose on Monday as investors took a pause from three weeks of heavy selling and prepared to digest $44 billion in new debt. Some analysts hoped the recent slump in government bonds would attract some buyers in the government's three-legged re
US Treasuries rose on Monday as investors took a pause from three weeks of heavy selling and prepared to digest $44 billion in new debt. Some analysts hoped the recent slump in government bonds would attract some buyers in the government's three-legged re
China's shares closed 0.86 percent higher on Tuesday after institutional funds sought bargains among large caps such as top Asian refiner Sinopec Corp. The benchmark Shanghai composite index closed at 1,110.147 points after rising just 0.05 percent the pr
Thai share prices closed 0.73 percent lower on Tuesday after authorities ordered that shares in Thai Petrochemical Industry could only be acquired with cash, dealers said.
Singapore share prices closed 0.66 percent higher on Tuesday, lifted by Wall Street's overnight gains and weaker oil prices, dealers said. The Straits Times Index climbed 14.91 points to 2,271.99. Volume reached 848 million shares valued at 703 million Si
The Nikkei average edged down 0.18 percent on Tuesday as profit-taking hit banks, but buyers flocked to steel makers such as Sumitomo Metal Industries Ltd on earnings optimism, boosting trading volume to a record high.
Indian share prices closed up 1.35 percent on Tuesday in volatile trade led by software companies, dealers said. The Mumbai stock exchange's 30-share Sensex index rose 110.97 points to 8,317.8 on trading volumes of 28.74 billion rupees (632 million dollar
Philippine share prices closed up 0.83 percent on Tuesday, hitting five-month highs after market-leader Philippine Long Distance Telephone (PLDT) posted record results which helped confirm the recent more positive tone, dealers said.
Interbank buy/sell rates for the taka against the dollar on Tuesday. 65.75 (previous 65.75). Call Money Rates: 7.00-16.00 percent (previous 10.50-25.00 percent).
China's yuan strengthened against the dollar on Tuesday as dealers said Bush's visit to China would pressure Beijing into allowing the yuan to further appreciate.
The rupee snapped a two-day fall on Tuesday, bouncing off a 13-month low hit earlier, supported by capital inflows into local stocks and dollar sales by state-run banks, probably on behalf of the central bank, dealers said.
The dollar jumped to a two-year high against the euro and hovered near a two-year peak versus the yen on Tuesday, buoyed by a widening yield advantage as the US currency's rally showed few signs of cooling.
The dollar touched an 18-month peak against the euro on Monday before paring gains as some investors bought euros on expectations the dollar may struggle to advance further in the coming week.
The Hong Kong dollar eased to a one-week low against the US dollar on Tuesday, while most money market rates fell for a second day as major market participants continued to offer liquidity.
The Indian rupee extended a month-long decline to a 13-month low on Tuesday while the Thai baht dropped more than half a percent as the dollar's broad-based rally forced importers and banks to cut local currency losses.
The Swiss franc tumbled to 18-month lows against the dollar in early trading on Tuesday as a rally in the US currency picked up steam, but the franc held steady against the euro.
Opening batsman Justin Langer will miss Australia's second Test against the West Indies next week as he struggles to recover from a broken rib, Cricket Australia said Tuesday.
England captain Michael Vaughan may miss the first Test against Pakistan unless a knee injury which he suffered on Monday responds to treatment, the team doctor said.
A year ago, South Africa couldn't beat a credible opponent in one-day cricket. Now they head to India Friday for a five-match series as the world's second-ranked team.
Indian captain Rahul Dravid will miss Wednesday's sixth one-dayer against Sri Lanka here as the hosts continue their rotation policy despite losing the previous match.
Pakistan's fast rising leg-spinner Danish Kaneria started the mind games ahead of Saturday's first Test against England, saying he had a mystery delivery for English batsmen.
England's problems mounted on Tuesday before their Test series against Pakistan with an embarrassing six-wicket defeat in their tour match at Bagh-Jinnah Stadium..
A painting by an 86-year-old Chinese master has gone under the hammer for a record 30 million yuan ($3.7 million), highlighting soaring world interest in Chinese art.
Chile's Supreme Court denied bail to former Peruvian President Alberto Fujimori on Tuesday as Peru worked to extradite him to face human rights and corruption charges.
The violence sweeping France's impoverished suburbs triggered criticism from the Arab media on Tuesday over a failure to integrate immigrants, and raised fears that the riots' consequences could spread across the Arab-Muslim world.
Poland must rid its economy of the informal ties that link businesses, politicians and the secret services in order speed up economic growth, Prime Minister Kazimierz Marcinkiewicz was quoted as saying on Tuesday.
North Korea will be urged to adopt a step-by-step plan towards nuclear disarmament when the latest round of six-nation talks begins Wednesday, Japan's chief negotiator said.
Indonesia's military chief General Endriartono Sutarto has officially ordered the revival of a much-criticised community-based intelligence system to be used to fight terrorism, a report said Tuesday.
Germany has finalised a long-delayed deal to sell 298 surplus Leopard 2 battle tanks to Turkey, a spokesman at the German Defence Ministry said on Tuesday.
Saudi Arabia said on Tuesday it had taken into custody a man on the kingdom's most wanted list of fugitive al Qaeda suspects. An Interior Ministry statement on the state-run Saudi Press Agency named the militant as Adnan bin Abdullah al-Omari, who feature
Israel will sell 50 unmanned spy drones worth 220 million dollars to India, public radio reported Tuesday. The Heron drones can fly at an altitude of 30,000 feet (nine kilometres), are equipped with camera and surveillance technology, automatic takeoff an
The United States has left Uzbekistan off a list of states it considers serious violators of religious freedom despite appeals by human rights groups to include the estranged US military ally on the annual list.
The UN Security Council on Tuesday unanimously adopted a one-year extension of the mandate of the US-led forces in Iraq. The council voted 15-0 "to extend the mandate of the multinational force, as set forth in Resolution 1546 (in 2004), until December 20
Gunmen killed a second defence lawyer acting in Saddam Hussein's trial on Tuesday, renewing questions over whether the former president can get a fair trial amid Iraq's daily violence.
Israeli soldiers shot dead a Palestinian youth on Tuesday in a confrontation in the West Bank town of Nablus, medics said. The Israeli army said its troops had opened fire on Palestinians suspected of planning to plant an explosive to ambush troops on a m
An Indian court has struck down a bid by the government of Andhra Pradesh state to set aside five percent of government jobs and educational places for Muslims, a lawyer said Tuesday.
US forces in Iraq have used incendiary white phosphorus against civilians and a firebomb similar to napalm against military targets, Italian state-run broadcaster RAI reported on Tuesday.
India's prime minister on Tuesday described as unsubstantiated charges that his Congress party and a cabinet minister had benefited from shady deals linked to the UN oil-for-food programme for Iraq.
The French government on Tuesday declared a state of emergency in riot-hit parts of the country in order to combat the worst outbreak of urban unrest since the May 1968 student revolt.
Voters across the United States went to the polls on Tuesday in elections that could gauge the depth of President George W. Bush's political woes and affect next year's critical congressional elections.
A Chinese court sentenced a Protestant minister, his wife and her brother to prison terms of up to three years on Tuesday for illegally printing Bibles and other Christian publications, one of their lawyers said.
News that Irish phone group Eircom would open its books to cash-rich Swisscom boosted its debt on Tuesday, but dented confidence in Danish peer TDC, as investors bet it left TDC more vulnerable to private equity predators.
News that Irish phone group Eircom would open its books to cash-rich Swisscom boosted its debt on Tuesday, but dented confidence in Danish peer TDC, as investors bet it left TDC more vulnerable to private equity predators.
US stocks dropped on Tuesday as a disappointing outlook from leading home builder Toll Brothers Inc raised concerns that the housing sector, an important source of the economy's growth, may be slowing.
South Korean shares rose to their highest close in four weeks on Tuesday, as upbeat consumer sentiment data bolstered lenders such as Kookmin Bank as well as other stocks focused on domestic demand.
Britain's blue chip shares gave up solid early gains to close flat on Tuesday although the telecoms and mining sectors held out, with Cable & Wireless up 1.9 percent after news it was to resume buying back its shares.
Sterling dropped to its lowest in more than three months against the dollar on Tuesday as broad-based dollar strength dominated sentiment, leaving the pound vulnerable in the near term.
The dollar hit a two-year high against the euro on Tuesday and held near a 26-month peak versus the yen as investors bet higher US interest rates meant yield differentials would widen in favour of the greenback.
Britain's fast-growing organic chocolate maker Green & Black's, a unit of Cadbury, is persuading cocoa growers to switch to organic from conventional afarming in order to sustain its expansion plans.
Britain's fast-growing organic chocolate maker Green & Black's, a unit of Cadbury, is persuading cocoa growers to switch to organic from conventional afarming in order to sustain its expansion plans.
World commodity prices should fall in both 2006 and 2007 with market surpluses seen developing in beverage, oilseed, sugar and industrial raw material markets, the Economist Intelligence Unit (EIU) said on Monday.
Cocoa producing countries should keep a database logging the condition and age of trees in order to plan their output, a German farm ministry official said on Tuesday.
Higher-than-expected US soyabean yields and a lagging pace in exports should lead the US Agriculture Department to raise its estimates of this year's soya production and ending stocks, analysts said.
London coffee futures touched a two-month high on the most active January contract on Tuesday, boosted mainly by speculative buying, traders said. "It is mainly speculative and option buying in both New York and London. We also have some fund buying," a t
London Metal Exchange (LME) prices drifted mostly lower by the close of open-outcry trade on Tuesday but remained in ranges despite a firmer dollar and talk of Chinese copper sales, dealers said.
Gold recovered in Europe on Tuesday after falling in the earlier trading session, with consumer and investor demand supporting the metal, dealers said.
US coffee futures rose more than 4.0 percent to a three-month high Tuesday, buoyed by fund buying, bullish technical signals and lingering worries about supply tightness, market sources said.
US cocoa futures closed on positive ground Tuesday, with spread trading and industry buying helping prices rebound from new contract lows recorded earlier in the session, traders said.
Raw sugar prices drifted to a weaker close on Tuesday as moderate selling by funds and brokers overpowered some scattered trade buying at lower levels, traders said.
Wheat futures on the Chicago Board of Trade were higher at midmorning on Tuesday, buoyed by a drop in weekly US crop ratings and signs the market was technically oversold, traders said.
US copper futures fell sharply early Tuesday in mild profit taking, but brokers said activity was thin and small trades were moving prices more than warranted by tight supply fundamentals.
Chicago Board of Trade soyabean futures were higher by Tuesday's midsession on a mild technical short covering bounce after the steep price slide on Monday, traders said.
US gold futures advanced early on Tuesday after a recent shake-out made the metal cheaper for gold bulls, but uncertainty about the market's short-term direction and a weak euro capped the gains, dealers said.
The opposition on Tuesday rejected the government's proposal to appoint a retired military officer as the new head of the National Accountability Bureau (NAB) while expressing reservations over the way accountability was conducted in recent years.
The opposition on Tuesday turned down the government's offer to attend briefing of the federal relief commissioner in the Parliament House, saying it would only prefer to sit with the prime minister to discuss the post-October 8 situation.
Pakistan Atomic Energy Commission (PAEC) plans to construct five more cancer hospitals in addition to 13 already providing services to more than 350,000 patients annually.
Muttahida Qaumi Movement (MQM) on Tuesday threatened to abandon relief work in earthquake-affected areas after thrashing of their two workers allegedly by Jamaat-i-Islami (JI) people.
A delegation of Muttahida Qaumi Movement (MQM) led by Dr Farooq Sattar called on Prime Minster Shaukat Aziz at the Prime Minster house on Tuesday and discussed relief, rescue and rehabilitation programme.
The mockery of parliamentary democracy of Pakistan gets exposed every now and then but its most spectacular display is these days on in the National Assembly. There is no business in hand to transact but the House must meet to complete its mandated 130-da
Tanneries, which have a mushroom growth in and around Sialkot over last decade, are major factor for environmental degradation. At present, more than 248 tanneries are functioning here of which nine large, 79 medium and 169 small tanneries, which have bee
From tsunamis and earthquakes to hurricanes and bird flu, the natural disasters of the past year have underlined the urgency of a global project to pool knowledge that could limit the damage. In Johannesburg in 2002, the World Summit on Sustainable Develo
October 8, 2005, was a 'BLACK SATURDAY" morning. Students of Rizwan Public School, Muzaffarabad, and many thousands like them were unaware of the catastrophe coming ahead.
Shaikh Muhammad Iqbal (1877-1938) was a man of great many ideas - sublime and serene, dynamic and romantic, provocative and profound. He was both a great poet and a serious thinker at the same time; but in his poetic works lay enshrined most of his though
The day the earthquake shook the wits out of almost everybody in the country, the confusion was natural. The colossal destruction caused by the earthquake couldn't have been fathomed by anybody in the first couple of days because it was spread over 12 dis
Pakistan Tobacco Board (PTB) has projected requirement of flue-cured Virginia and dark air-cured tobacco crop for 2006 at 3.25 percent and 25 percent higher than the production or purchase of tobacco crop by companies during 2005 crop.
The National Institute for Biotechnology and Genetic Engineering (NIBGE) scientists have developed an effective, cheap and short process for the production of hybrid crops through engineered male sterility.
Punjab government on Thursday asked elected city district, and town nazims to identify their priorities before taking steps for resolving issues facing the masses and provision of basic facilities at grass roots level.
An accountability court (AC) on Tuesday has directed special prosecutor to appear before the court on November 24, and assist the court on the point either a court could itself review its decision or not.
Pakistan Peoples Party still believes in mixed economy and social democracy and is against privatisation of strategic assets of the country, said Senator Raza Rabbani.
Pakistan Guarantee Export Corporation, in collaboration with the Punjab government, is organising an international exhibition in Lahore on housing and construction industry' in December.
University of Veterinary and Animal Sciences Lahore vice-chancellor Professor Dr Manzoor Ahmad left for United States of America on an eight-day official visit to the Washington State University (WSU), Pullman (Washington).