Americans said goodbye to 2005 on a more cheerful note, with consumer confidence and expectations for next year both picking up in December and holiday sales improving just before Christmas.
Taiwan shares fell on Wednesday, dragged down by heavyweight chip maker United Microelectronics Corp (UMC) after the company said it was considering delisting from the Taiwan Stock Exchange.
Malaysian share prices closed 0.12 percent higher in fairly quiet trade on Wednesday as many investors remained on the sidelines ahead of the New Year holiday, dealers said. The Kuala Lumpur Composite Index was up 1.04 points to 895.55.
Hong Kong stocks ended slightly lower on Wednesday, tracking a softer close in New York on Tuesday amid lower crude oil prices, with buying interest from a firmer Japanese market curbing a larger decline.
Japan's Nikkei share average rose 1.4 percent on Wednesday to end at a new five-year closing high as builders including Kajima Corp and property shares gained after data underscored the economy's strength.
Singapore share prices closed 0.13 percent higher on Wednesday with a slump in Singapore Telecommunications dragging on the market but with gains in selected properties, dealers said.
US Treasury debt prices rose for a third straight session and 10-year yields were pushed below two-year yields for the first time in five years possibly signalling US economic growth could slow in 2006.
US Treasury debt prices rose for a third straight session and 10-year yields were pushed below two-year yields for the first time in five years possibly signalling US economic growth could slow in 2006.
Indonesian share prices closed 0.21 percent higher on Wednesday in quiet trade ahead of the New Year holiday, dealers said. Financial markets will be closed on Friday.
Thai share prices closed 0.16 percent lower on Wednesday in line with a sharp fall on Wall Street, with investors staying on the sidelines ahead of the new year, dealers said. They said the market also declined on profit-taking of blue chips including ene
Seoul shares closed lower on Wednesday for the first time in four sessions, as weaker oil prices hit refiners such as SK Corp while SK Telecom slid on year-end dividend payments.
China's shares inched 0.24 percent higher on Wednesday after the market's largest stock Sinopec said it received over $1 billion in compensation from Beijing for oil price restrictions.
US stocks fell on Tuesday as a drop in energy companies' shares dragged indexes down after crude prices retreated and a slide in online retailers helped drive the Nasdaq lower.
The Swiss franc strengthened slightly against the dollar on Wednesday as traders looked ahead to key Swiss data this week after a UBS indicator showed a rise in Swiss consumption for the third consecutive month.
The Hong Kong dollar was steady on Wednesday with trading confined to a narrow range in thin trade, but interbank rates were mixed. The local currency shuffled between 7.7534 and 7.7538 per US dollar during the session, little changed from 7.7535/37 in la
China's yuan closed at a post-revalution record high of 8.0725 to the dollar on Wednesday, climbing because of global weakness in the dollar, traders said.
The dollar steadied against the yen on Wednesday, keeping most of the previous day's gains thanks to its interest rate advantage, though many investors stood on the sidelines until the US currency's overall trend becomes clearer.
The dollar was broadly higher on Tuesday, posting steep gains against the yen, which slipped across the board as investors remained convinced Japan will continue near-zero interest rates for a long time to come.
Interbank buy/sell rates for the taka against the dollar on Wednesday. 66.20-66.25 (previous 66.20-66.25) Call Money Rates: 7.00-14.75 percent (previous 7.00-14.75 percent).
The Philippine peso hit a 2-1/2-year high on Wednesday, underpinned by year-end inflows of remittances from Filipinos working overseas and expectations of a credit rating upgrade in the new year.
South Africa have summoned Johan Botha to Australia to add depth to their spin attack. "I'm not sure whether I'm going to be considered for the third Test, or whether I'm just going for the one-dayers," off-spinner Botha, who was scheduled to leave on Wed
Two more Vietnamese footballers were arrested Wednesday, bringing to four the number detained over allegations of match-fixing in the recent Southeast Asian games, an official said.
Pakistan all-rounder Abdul Razzaq was admitted to hospital Wednesday with high fever and a chest infection but said he hopes to be fit before the India series next month.
India's cricket chiefs on Wednesday ordered the national team to leave in two batches for next month's Pakistan tour to enable the entire squad to gain match practice.
Pakistan's women cricketers fought hard against Sri Lanka but lost by a narrow 14-run margin in the opening match of the Asia Cup at the National stadium on Wednesday. Chasing 179 to win, Pakistan needed 15 off the last over but lost their last wicket off
Zimbabwe officials have detained more than 160 Zimbabweans who were deported from South Africa as illegal immigrants, state radio reported on Wednesday.
Sudan on Wednesday denied Chadian accusations it was supporting dissidents trying to oust President Idriss Deby and said an African Union summit would go ahead in Khartoum in January.
The next five years are crucial for Japan's efforts to halt a population decline that could threaten its economy, the cabinet minister in charge of the twin issues of gender equality and the falling birth rate said on Wednesday.
China will require all mobile phone subscribers to register using their real names next year, in a bid to curb rampant spam and growing fraud conducted over mobile services, the official Xinhua news agency said.
Hong Kong democrats looked on the bright side of Chinese President Hu Jintao's call for stable political reform on Wednesday, saying his decision not to slap them down in public meant there was room for dialogue.
Islamic clerics in Australia will have to register their credentials and adhere to a strict code of conduct under proposals put forward by a government-backed group of moderate Muslims to curb extremists.
Police in Bangladesh said on Wednesday that they had captured seven militants, including the top adviser to an outlawed Islamist group, and seized explosives over the past two days.
India's beleaguered main opposition Bharatiya Janata Party (BJP) has been dealt another blow, this time a scandal involving the alleged sexual high-jinks of an avowedly celibate official.
The first expressway linking China and a member of the Association of Southeast Asian Nations (Asean) opened to traffic Wednesday, significantly reducing travel time, state media said.
Europe shivered Wednesday in the grip of an icy cold snap, with France hardest hit by blizzards that left thousands of motorists stranded in sub-zero temperatures or forced into roadside shelters overnight.
At least nine prisoners and guards were killed in a gun battle at a Baghdad high-security jail on Wednesday after detained guerrilla suspects, some of them foreign, grabbed weapons and tried to flee, officials said.
The European Union launched its first Galileo navigation satellite on Wednesday, moving to challenge the United States' Global Positioning System (GPS).
Two soldiers, one an American and the other an Afghan, were killed on Wednesday in a roadside bomb attack in eastern Afghanistan that also wounded two US troops, a US military spokesman said.
Saudi police on Wednesday shot dead a militant suspected of killing five policemen in the kingdom's ultraconservative Muslim heartland a day earlier, the Saudi Interior Ministry said.
Negligence and incompetence by Russian police and officials contributed to the bloodbath at a school in the southern town of Beslan last year, the head of a parliamentary investigation said on Wednesday.
God sees embryos as "full and complete" humans, Pope Benedict said on Wednesday in an address that firmly underlined the Roman Catholic Church's stance against abortion and scientific research on embryos.
The United States has imposed sanctions against nine companies from China, India and Austria for supplying Iran with military equipment and technology, the State Department said Tuesday.
An Austrian adventurer, Wolfgang Melchior, has achieved the fasted unassisted trek to the South Pole, reaching it in a record 33 days, the Austrian Press Agency reported Wednesday.
At least 22 people, including three children, were killed when their bus collided with a truck carrying chemicals in India's western state of Gujarat on Wednesday, police said.
India successfully tested its nuclear-capable, short-range Dhanush ballistic missile Wednesday, defence officials said. The locally-developed missile, a naval version of the surface-to-surface Prithvi, was tested from a ship in the Bay of Bengal off the e
Israel shelled the northern Gaza Strip on Wednesday after the army warned Palestinians that it would declare a "no-go zone" to try to stop cross-border rocket fire by militants.
The rupee ended stronger on Wednesday, bouncing off early lows on the back of steady capital inflows into the local stock market and helped by the dollar's weakness against the euro.
Sterling fell to a two-month low against the euro after strong German data on Wednesday, shrugging off upbeat news on the UK property market and retail sector.
The euro rose nearly one percent on the day to one-week highs against the dollar on Wednesday after surprisingly strong German consumer sentiment data, but thin year-end volumes sharpened price moves.
US blue chip stocks edged up in thin volume on Wednesday as a gain of more than $1 a barrel in crude oil futures boosted energy stocks like Exxon Mobil Corp, while the Nasdaq dipped. Exxon Mobil shares gained 0.8 percent to $56.33 on the NYSE, helping sup
Britain's FTSE 100 share index scored its best close in nearly 4-1/2 years on Wednesday, with mining companies -- the star performers of the year so far -- continuing to rise as copper and gold prices gained.
Russia's Agricultural Ministry on Wednesday said it had banned all meat imports coming through Ukraine, saying its neighbour had failed to enforce basic veterinary norms.
Rice trade in Vietnam, the world's second-largest exporter after Thailand, is expected to remain slow until February due to a government ban on new export deals to ensure sufficient food supply, traders said.
Oil prices rose on Wednesday, supported by uncertainty about the weather over the coming months and expectations that Opec will cut output when it meets next month.
South Korea's LS-Nikko Copper Inc and state-run Korea Resources Corporation have discovered 400 million tonnes of copper resources in Peru, Seoul's energy ministry said on Wednesday.
Cotton futures settled marginally firmer Wednesday on speculative fund buying, but the market is seen trading in a band in front of the New Year holiday weekend, brokers said.
London white sugar futures closed lower on Wednesday, weakened by speculative profit-taking following the recent run-up to a nine-year high, traders said.
Shanghai copper futures closed up slightly on Wednesday, but showed signs of losing steam after reaching record highs in each of the previous four sessions, traders said.
Copper prices fell away during late afternoon trading on the London Metal Exchange (LME) as the market was unable to sustain new record highs hit above the $4,500 a tonne level earlier, traders said.
Gold rose two percent to touch a two-week high in thin European trade on Wednesday, with funds and investors seen pushing the market higher in the remaining days of the year, analysts said.
US coffee futures edged up Wednesday, with follow-through speculative buying and limited origin sales extending the benchmark contract's 7-week high reached in the previous session, market sources said.
US benchmark cocoa futures finished up 1.6 percent on Wednesday, lifted by speculative buying and a lack of producer sales in an otherwise quiet trading session, market sources said.
Raw sugar prices settled mixed Wednesday with small speculators giving nearby contracts a mild boost and most players betting the sweetener could rally on fund buying after the New Year holiday break, brokers said.
Corn futures at the Chicago Board of Trade were nearly flat early on Wednesday, with routine exports and plentiful stocks of feed grains acting as an anchor on the market, traders said.
Wheat futures on the Chicago Board of Trade were up at midsession on Wednesday, rising to fresh two-month highs on continued technical buying by commodity funds, traders said.
US copper futures were lower in subdued early trade Wednesday, with some light profit-taking seen after the market's recent run-up, although an ongoing threat of a strike at Chile's Codelco supported prices, sources said.
Chicago Board of Trade soyabean futures turned lower early Wednesday in thin, choppy holiday trading but there was some underpinning stemming from drier-than-desired crop weather in Argentina, traders said.
Gold futures in New York rallied to a two-week high early on Wednesday, propelled by fund and investor buying on the back of positive technicals and fundamentals, traders said.
The proposed rise in gas prices has come in for severe criticism from different groups of consumers in the country, reports UPP correspondent. The Chambers of Commerce and Industries all over the country have protested against the gas prices proposed incr
Baloch's basic point is to have control and access over their national wealth, resources, coast and right to rule. This was stated by Jamhoori Watan Party Chief Nawab Akbar Bugti while commenting on the comment of Mohtarma Asma Jahangir Chairperson Human
The Devolution Trust for Community Empowerment (DTCE) Yesterday, simultaneously launched its Community Empowerment Programme in Kech and Naseerabad districts of Balochistan.
Pakistan government wants the International Finance Corporation (IFC) "to go in a big way" in the country. Pakistan, sources said on Monday, has vast room in housing mortgage and banking sector, etc.
The State Bank of Pakistan (SBP) has decided to facilitate exporters utilising Export Promotion Bureau's (EPB) Warehousing Scheme in Kenya. According to a statement issued by the SBP on Wednesday, this decision had been taken to encourage the said scheme
The new management of Karachi Electric Supply Corporation (KESC) has announced financial benefits for the employees and officers as motivational gesture with the pledge of better customer care.
Arabs from Egypt to Iraq have gone to the polls this year and protested in the streets of Cairo and Beirut. Western media said a region used to authoritarian rule was going through a democratic spring.
This paper examines trans-shipment as a means to derive maximum benefit from the economic growth in India and China. The focus is on the shipping industry of Pakistan and the development of inland routes to optimize the usage of the naturally available co
The chief executives of 52 members of the Employers' Federation of Pakistan signing a memorandum on December 22, marked the formal launch of the Global Compact Pakistan for a "New Code of Business and Industrial Relations in 21st Century".
Speaking at an international symposium in Islamabad on Wednesday, Prime Minister's Adviser on Science and Technology and Chairman of the Higher Education Commission (HEC), Dr Ataur Rehman emphasised the need for the promotion of a research culture in the
The Capital Development Authority has approved allotment of a plot to Pakistan Veterinary Medical Council (PVMC) in Islamabad, a CDA Director said on Wednesday. Measuring 100 x 14 square meters the plot is in what is known as "mauve area" of sector G-10/4
Lahore District Nazim Mian Amer Mahmood inaugurated 43rd branch of Pakistan Industrial Credit and Investment Corporation Limited (Picic) at Shah Alam Market here on Wednesday.
The provincial general council of Muttahida Majlis-e-Ammal (MMA) has expressed satisfaction over Wapda's point of view on various dams including Kalabagh dam, and resolved that there must be an open debate in the parliament and in-camera briefing on techn
World Wide Funds for Nature-Pakistan (WWF-P) has raised its concern over the cutting of mature eucalyptus in the park (managed by PHA) located opposite Liberty Market on the directives of Parks and Horticulture Authority (PHA) recently.
MMA President and Ameer Jamaat-e-Islami, Qazi Hussain Ahmad has said although new water reservoirs are inevitable for the country's economy, but every dam including Kalabagh dam must be constructed only after developing consensus of all the provinces.
Joint opposition has alleged that district Naib Nazim and town Naib Nazims elections were rigged, while the slot of district Naib Nazim was sold for Rs 50 million.
The government of Azad Jammu and Kashmir by its notification dated December 17 has appointed Sheikh Humayun Sayed, Chairman SMH Group of Companies, as Director on the Board of Directors of the Bank of Azad Jammu and Kashmir.
On the orders of Punjab Ombudsman, Abdur Rashid Khan, two officials of Forests Department have been penalised for delaying an employee's pension case for 12 years.
Punjab Education Minister, Mian Imran Masood has said the government was planning to bring religious seminaries into the mainstream of education to enable seminaries' students to get jobs in government and private sectors.
The Merck Marker (Pvt) Ltd Pakistan, a pharmaceutical firm having its production facility in Quetta, is eyeing new markets to expand its export business, and soon it will be entering the Myanmar (former Burma) market to broaden its business to Asean.
Pakistan People's Party has alleged that the rulers were playing with fire by adopting rigid stance on the construction of Kalabagh dam, which the party claimed was tantamount to endangering the integrity and solidarity of the country.
The hearing of criminal revision application filed on behalf of Asif Ali Zardari, spouse of former prime minister Benazir Bhutto, impugning an order of trial court in Mir Murtaza Bhutto murder case was put off till Thursday by a bench of High Court of Sin