Intel Corp, the world's biggest make of computer chips, on Thursday said it plans to buy back another $25 billion in stock, adding to some $15 billion it has repurchased since the beginning of last year.
A Boeing Co 777 wide-body aircraft set an endurance record for a non-stop commercial flight on Thursday, travelling more than 22 hours eastwards from Hong Kong to London.
The US trade deficit swelled to a record $66.1 billion in September, after Hurricane Katrina pushed oil prices to record highs and exports fell to cause the largest monthly increase in the deficit in over a year.
British finance minister Gordon Brown on Thursday urged the international community to back a proposed plan aimed at regenerating the Palestinian economy battered by years of conflict with Israel.
Germany's Siemens reported a drop in operating profit but higher sales and new orders in a mixed fourth quarter, and said it planned to return some of its cash pile to investors by raising its dividend.
Germany's Siemens reported a drop in operating profit but higher sales and new orders in a mixed fourth quarter, and said it planned to return some of its cash pile to investors by raising its dividend.
Workers at Volkswagen's Spanish unit have started a 24-hour strike, stopping production at the company's Martorell plant in north-eastern Spain, a Seat spokesman said on Thursday.
India needs to keep momentum for economic reforms going and try to boost growth if it is to come to grips with huge problems of poverty and joblessness, US Treasury Secretary John Snow said on Thursday.
World energy demand has emerged largely unscathed from the most active Atlantic hurricane season on record and prices could shoot higher as consumption recovers, the International Energy Agency said on Thursday.
China's trade surplus hit a record in October of about $11.8 billion, up from $7.1 billion a year earlier and rebounding much more strongly than expected from a September dip, partial data released on Thursday showed.
Three of the world's biggest electronics companies - IBM, Sony and Philips - have joined forces with the two largest Linux software distributors to create a company for sharing Linux patents, royalty-free.
World Trade Organisation (WTO) chief Pascal Lamy on Thursday defended delaying a push for a draft global trade deal until early next year, saying the risk of failure had been too great.
Taiwan stocks advanced to a one-month high on Thursday, with big semiconductor shares like United Microelectronics Corp extending the last session's sharp rise thanks to strong gains in US counterparts.
Chinese shares fell 1.79 percent on Thursday as investors dumped large caps such as Baoshan Iron and Steel Co Ltd to lock in profits. The benchmark Shanghai composite index stood at 1,088.301 points, extending a 1.35 percent fall in the morning.
Hong Kong stocks advanced to their highest level in more than three weeks on Thursday, gaining 0.25 percent, as investor sentiment brightened after several weeks of worries over interest rates and bird flu.
US stocks ended slightly higher on Wednesday as oil at the lowest level in more than three months boosted retailers like Wal-Mart Stores Inc, while General Motors Corp hit a 13-year low on concerns about a possible strike at its main auto parts supplier.
Singapore share prices closed 0.53 percent lower on Thursday, dragged down by losses in Singapore Telecommunications (SingTel) after its results, dealers said.
US Treasury debt prices took a spill on Wednesday as investors worried foreign central bank demand for US assets might be fading. Such fears resurfaced after two consecutive quarterly refunding auctions were met with only meager interest from indirect bid
US Treasury debt prices took a spill on Wednesday as investors worried foreign central bank demand for US assets might be fading. Such fears resurfaced after two consecutive quarterly refunding auctions were met with only meager interest from indirect bid
Malaysian share prices closed 0.60 percent lower in sluggish trade on Thursday on selling of selected blue chips, dealers said. Trading was also rangebound in the absence of fresh leads, and the key index just managed to close above the psychologically-im
Indonesian share prices closed 0.87 percent lower on Thursday on follow-through selling mostly in the banks amid persistent concerns the central bank will continue to hike interest rates to control inflation, dealers said.
Philippines share prices closed little changed on Thursday, holding at eight-month highs despite some profit-taking after recent sustained gains, dealers said.
Tokyo's Nikkei share average edged up 0.06 percent on Thursday to its highest close in four years, as demand for high-tech firms such as Tokyo Electron Ltd limited disappointment after weak machinery orders.
Indian share prices closed flat on Thursday in listless trade as cautious investors awaited a fresh trigger while the market appeared consolidating after sharp gains in recent sessions, dealers said.
Interbank buy/sell rates for the taka against the dollar on Thursday. 65.75-65.80 (previous 65.75-65.80). Call Money Rates: 7.00-14.50 percent (previous 6.50-15.50 percent).
China's yuan strengthened against the dollar on Thursday as dealers increasingly expected the central bank to allow the yuan to appreciate slightly ahead of a visit to the country by US President George W. Bush.
The Swiss franc continued to trade near 18-month lows against the dollar ahead of US trade figures, due out later on Thursday, that the market hopes will provide short-term direction for the currency.
The dollar shuttled in narrow ranges near two-year highs against the euro and the yen on Thursday as dealers awaited trade figures to provide short-term direction for the US currency.
The dollar advanced against the euro and yen on Wednesday, to remain within striking distance of two-year highs, but pared some gains as investors grew cautious ahead of Thursday's US trade report.
The Hong Kong dollar recouped some early losses late on Thursday, while interbank money rates were mixed, with short dates remaining soft due to ample liquidity. The local currency weakened to 7.7574 per US dollar before recovering to 7.7555/58, firmer th
The Indonesian rupiah gave up almost all of its gains on Thursday after hitting a two-week high of 9,935 per dollar late on Wednesday as importers took advantage of the currency's strength to buy US dollars.
Voters in unabashedly anti-war San Francisco have made it city policy to oppose the presence of US military recruiters at public high schools and colleges. The "College Not Combat" initiative passed with about 60 percent of the vote after balloting Tuesda
Tiger Woods shot an opening seven-under-par 65 at the HSBC Champions tournament here on Thursday to lie one shot off the three-way lead held by Australian Peter O'Malley, England's Nick Dougherty and Paul Lawrie of Scotland.
Pakistan would deploy 3,000 policemen and a team of sniffer dogs to ensure tight security for England's cricketers during the first Test in Multan. Uniformed and plainclothes police officers will cordon off the stadium in the central city - where a car bo
France's Mary Pierce, a two-time Grand Slam finalist this year, posted her second straight round-robin win at the WTA Tour Championships on Wednesday, downing Elena Dementieva in straight sets.
Australia dropped struggling batsman Simon Katich and gave all-rounder Andrew Symonds a chance to revive his Test career Thursday as selectors named a 12-man squad for the second Test against the West Indies.
England are hoping to bounce back from their woeful build-up to the first Test against Pakistan in Multan starting on Saturday - whether or not injured skipper Michael Vaughan is playing.
Boxing legend Muhammad Ali dispelled fears of ill health here Wednesday in his first public appearance since June, joking with US President George W. Bush as he was awarded the Presidential Medal of Freedom.
A painting by American artist Mark Rothko, "Homage to Matisse," has become the most expensive work of post-World War II art at a record-breaking auction at Christie's in New York.
Taiwan President Chen Shui-bian said in an interview Japan could be a political and military leader and that he wanted Tokyo to be a more aggressive presence in the Asia-Pacific region, Japan's Asahi newspaper reported on Thursday.
A severely disabled 24-year-old woman asked Australia's High Court on Thursday to allow her to sue her mother's doctor for allowing her to be born. Alexia Harriton was born deaf, blind, physically and mentally disabled, and requires 24 hour a day care, th
A prominent independent journalist in Uzbekistan said on Wednesday he was beaten and doused with paint by unknown assailants in a new attempt by authorities to intimidate and silence the press.
An $8 billion Boeing Co led programme to develop a new airborne electronic attack aircraft is on track, under budget and should fly for the first time on September 1, 2006, Navy officials said on Tuesday.
Britain risks losing any international authority it has on climate change because of a poor track record in cutting its own greenhouse gas emissions, one of the country's top scientists said on Thursday.
Australia is considering stripping people of their citizenship if they are convicted of terrorist crimes, Prime Minister John Howard said on Thursday as parliament began debating tough new anti-terrorism laws.
British foreign policy, especially in the Middle East, is a "key contributory factor" in pushing some members of the country's Muslim population towards extremism, an official report concluded Thursday.
North Korea must halt its nuclear weapons programme now to show it is taking negotiations on disarmament seriously, the chief US negotiator said on Thursday on the second day of six-party talks in Beijing.
India's cabinet Thursday approved the appointment of an inquiry to examine allegations that former foreign minister Natwar Singh benefited from the United Nations oil-for-food program for Iraq.
Iraq's al Qaeda said on Thursday it carried out bomb attacks on three international hotels in Amman because they were used by American and Israeli spies, according to an Internet statement.
US President George W. Bush expressed condolences to Jordan's King Abdullah on Thursday after suicide bombings killed 57 people in Amman and said the United States and its allies must remain firm in the war on terrorism.
Taleban militants killed seven policemen and beheaded two civilians, while an Afghan soldier was shot dead after he opened fire on US troops, government and army officials said Thursday.
US President George W. Bush on Thursday extended for one year a range of financial sanctions first imposed on Iran in November 1979, the White House announced.
Russia, the United States and the European Union stepped up attempts on Thursday to end months of deadlock over Iran's nuclear programme. The powers sought to draft a proposal aimed at satisfying the world that Iran's nuclear intentions are peaceful, but
President Bashar al-Assad promised on Thursday to cooperate with a UN inquiry into the killing of a former Lebanese prime minister, but said Syria would not sacrifice its own national interests in the process.
French President Jacques Chirac called on Thursday for a swift response to problems faced by residents of riot-torn suburbs and a police chief said he feared the rioters were planning violent protests in central Paris.
Shimon Peres was ousted as Israel's Labour Party leader on Thursday by a trade union chief who vowed to quit Prime Minister Ariel Sharon's ruling coalition and usher in early elections.
China's Communist Party plans to spend millions of dollars to revive Marxism in an apparent bid to shore up its political legitimacy and fill an ideological vacuum that has spawned official corruption.
Egyptian President Hosni Mubarak's National Democratic Party (NDP) ousted opposition leader Ayman Nour from parliament and took a strong early lead, according to first results from legislative elections announced on Thursday.
Three Asian nations reported new outbreaks of bird flu in poultry on Thursday, a day after health experts unveiled a $1 billion global plan to halt the spread of the deadly virus.
South Africa on Thursday unveiled the southern hemisphere's biggest telescope, intended to catch glimpses of the early universe and shed light on how it turned from "smooth" to "clumpy".
The rupee recovered from early lows on Thursday helped by foreign investment in the Indian stock market and less demand for dollars among importers ahead of the US trade figures for September due at 1330 GMT.
Sterling hit an eight-week high against the weak euro and ticked up against the dollar on Thursday, shrugging off a widely-expected decision by the Bank of England to leave interest rates unchanged.
The dollar stood its ground near recent two-year highs against the euro and the yen on Thursday as dealers awaited US trade figures to provide short-term direction for the US currency.
Credit default swaps on Rexam, the world's biggest maker of drink cans, jumped in price on Thursday as talk of a bid for the British group reverberated through the debt and equity markets.
Credit default swaps on Rexam, the world's biggest maker of drink cans, jumped in price on Thursday as talk of a bid for the British group reverberated through the debt and equity markets.
US stocks fell on Thursday as General Motors Corp's shares hit a 23-year low, raising broader concerns among investors about other big US companies, while Exxon Mobil Corp fell on lower oil prices.
Seoul shares rose on Thursday to their highest close in four weeks, as blue chips such as Samsung Electronics gained after the central bank held interest rates steady and sounded upbeat about the economy's momentum.
Britain's top shares ended lower on Thursday as falls by key stocks such as oil giant BP and mobile phone titan Vodafone took away from gains among the majority of blue chip companies.
Brazil's No 1 robusta co-operative expects to harvest a bigger crop in 2006 due to regular rain and improved crop care, but quality is likely to suffer due to numerous flowerings and disease.
US corn and soyabean stockpiles will swell to their largest size in nearly two decades, the government estimated on Thursday, with harvest nearly over for the second-largest corn, soyabean, cotton and rice crops on record.
Oil prices fell more than $1 a barrel on Thursday to a four-month low under $58 as bulging US crude stocks piled pressure on investors to sell. US light crude oil last traded down $1.13 at $57.80 a barrel, after sinking to $57.40, its weakest level since
Oil prices fell more than $1 a barrel on Thursday to a four-month low under $58 as bulging US crude stocks piled pressure on investors to sell. US light crude oil last traded down $1.13 at $57.80 a barrel, after sinking to $57.40, its weakest level since
Oil prices fell more than $1 a barrel on Thursday to a four-month low under $58 as bulging US crude stocks piled pressure on investors to sell. US light crude oil last traded down $1.13 at $57.80 a barrel, after sinking to $57.40, its weakest level since
Licensed cocoa buyers in Ghana who refused to buy beans in a dispute with regulator Cocobod over its quality grading system have resumed purchases after the state body agreed to relax controls, buyers said on Thursday.
China has launched a well-advertised plan to sell some of its copper reserves to drive down world prices but analysts are sceptical the country's agency has the reserves or the will to fully carry it out.
London sugar futures ended up two percent on trade and speculative buying on Thursday as the market appeared to turn the corner after a spate of selling since late last month. Traders said an EU tender award was below expectations.
London Metal Exchange (LME) copper prices closed sharply up on Thursday, just short of last month's record peak and supported by fund buying on bullish supply news, analysts said.
Platinum prices stuck close to their highest in 25-1/2 years in Europe on Thursday amid investment fund interest, while gold tested $470 before retreating, traders said. "Platinum is looking good...and there appears to be reasonable buying below the marke
US coffee futures dipped for the second consecutive session, with market participants focusing on spread trading a day ahead of options expiration, traders said. The New York Board of Trade's front-month December arabica contract eased 0.15 cent to settle
US cocoa futures registered modest gains for the third consecutive session, buoyed more by non-commercial participants switching contracts than outright buying interest, traders said on Thursday.
Corn futures at the Chicago Board of Trade were lower early on Thursday and new contract lows were set after the release of bearish crop production numbers from the US Department of Agriculture, traders said.
Wheat futures on the Chicago Board of Trade were lower early on Thursday, losing ground to Kansas City and Minneapolis wheat after the USDA adjusted its wheat ending stocks by class, traders said.
Soyabean futures at the Chicago Board of Trade slid early Thursday, reacting to USDA's bigger US 2005/06 soya crop estimates released before the open, traders said.
New York platinum futures stormed to a new 26-year high early on Thursday on a third day of speculative and trade buying while palladium hit a 17-month peak and gold and silver reached 10-day highs.
All Parties Hurriyat Conference (APHC) Chairman Mirwaiz Umar Farooq said the withdrawal of Indian troops from Occupied Jammu and Kashmir was the effective way to safeguard nearly two-year-old peace process from derailing or getting deadlocked.
Universal Postal Union (UPU), the supreme body co-ordinating the world postal affairs with its Headquarters at Seine, Switzerland, is organising a competition for the design of the new International Reply Coupons (IRC) hand in hand with Pakistan Post.
The holding of a two-day grand Hindko conference in Peshawar from November 19 to 20 will boost the work being done for the preservation and promotion of Hindko language and culture.
In view of weather forecast, Pakistan Army on the directives of Corps Commander Lieutenant General Muhmmed Hamid Khan has made special safety arrangements at tent villages in quake-hit areas of NWFP.
Inter Services Public Relations (ISPR) Director General Major General Shaukat Sultan on Thursday said that there would be no let up in the relief activities despite advent of inclement weather.
The sudden and swift earthquake of severe intensity that jolted the Northern belt of Pakistan on 8/10, resulted in colossal deaths and destruction. Most horrific was the entrapment of hundreds of school children on that fateful morning under the rubbles o
If China is to succeed in its effort to shift its export-fuelled economy to one propelled by domestic demand, people like MacArthur Lu may hold the key. Exhibiting his firm's somewhat nondescript suitcases recently at the Canton Trade Fair, where Chinese
A steady-handed technician in a long white labcoat injects a serum into two tiny holes in a live egg, the first step in a process to identify the deadly avian influenza virus. Because it is only a mock test, several observers calmly gather behind her. If
Many conventional banks and financial intuitions are increasingly becoming interested in Islamic finance and investment. How can these conventional banks and institutions enter this market? Is it possible or not? This paper is an initial attempt to lay do
Coming in the midst of increasing global alarm over deepening threat of a flu pandemic, as lately gripping Europe, worrisome, indeed, is a news report (November 7), pointing to an unusually large number of migratory Siberian birds dying at lakes and in th