US stocks were mixed on Thursday, as investors were cautious a day before the monthly jobs report and shares of Merck & Co dropped after a legal setback.
Philippines share prices closed 0.16 percent lower on Friday as investors took modest profits after sharp gains Thursday, dealers said. The pullback followed two days of gains that brought the market to its highest level in nearly seven years, with trade
US Treasury debt prices skidded lower on Thursday as investors that worried upcoming jobs data and a renewed spike in commodity prices might encourage the Federal Reserve to keep raising interest rates.
US Treasury debt prices skidded lower on Thursday as investors that worried upcoming jobs data and a renewed spike in commodity prices might encourage the Federal Reserve to keep raising interest rates.
Indian share prices fell 1.34 percent on Friday in volatile trade, snapping a three-day streak of record closes as funds and retail investors turned cautious and took profits, dealers said. They said software and automobile stocks came under selling press
Indonesian share prices closed 0.61 percent higher on Friday with energy stocks driving the main index to a third consecutive record finish, dealers said.
Singapore share prices closed 0.37 percent higher on Friday as gains in select blue chip stocks cushioned falls in a market searching for fresh leads, dealers said. The Straits Times Index rose 9.41 points to 2,552.05. Volume was 1.24 billion shares worth
Thai share prices closed 0.29 percent higher on Friday as investors focused on more immediate concerns as the fallout from Prime Minister Thaksin Shinawatra's resignation continued in the background, dealers said.
The Nikkei rose 0.42 percent on Friday to close above 17,500 for the first time since July 2000 as technology stocks rose on earnings hopes and metal stocks gained on high commodity prices.
Malaysian share prices closed 0.28 percent higher on Friday, with strong retail investor interest in Mesdaq board stocks and other lower-liners, dealers said. Trading volume surpassed the one-billion shares mark for the fourth consecutive session, they sa
China's yuan slipped against the dollar on Friday, under pressure from the US currency's strength on global markets. The yuan ended at 8.0111 from Thursday's close of 8.0080 after the central bank set the yuan's daily mid-point exchange rate at a weaker 8
The Swiss franc eased slightly against the euro and the dollar early on Friday after a surprise signal from the European Central Bank the day before that it was not preparing another rate hike in May.
The euro slipped further from a seven-month peak against the dollar and a record high versus the yen on Friday, a day after the European Central Bank chief smothered market expectations for an interest rate rise in May.
The euro weakened on Thursday after market expectations for a May euro zone interest rate increase were sharply reduced following comments by the European Central Bank chief, giving respite to the weary dollar.
The Hong Kong dollar rose to a three-week high against the US currency on Friday, buoyed by fund flows into the territory's stock market and lingering speculation of possible further appreciation of the yuan.
The Thai baht rallied to its highest in almost six years on Friday, as hopes of an end to Thailand's political crisis remained high after Thaksin Shinawatra's decision this week to step down as prime minister.
The Australian dollar held close to 73 US cents after upbeat housing finance numbers added to the recent run of strong economic data, but the currency failed to hold on to a three-week high as the US dollar rallied.
Second seed Patty Schnyder booked her spot in the quarter-finals with a straight set victory over Russia's Vera Dushevina at the WTA Amelia Island Tournament.
Sponsorship and media rights around the Indian cricket team touched one billion dollars on Friday following a new five-year deal for one-day matches across the world.
Cricket Australia played it safe and on Friday promoted Andrew Hilditch, a 10-year veteran of its national selectors team, to replace Trevor Hohns as the panel's chairman.
Test minnows Bangladesh face the unenviable task of trying to compete with the towering in-form Australians in a two-Test series starting here on Sunday.
Indian captain Rahul Dravid was on Friday rested for the next two one-dayers against England after his team clinched an unbeatable 4-0 lead in the seven-match series.
Vijay Singh fired a five-under par 67, his lowest opening round in 13 starts at intimidating Augusta National Golf Club, to seize a one-stroke lead on Thursday after the first round of the Masters.
Hungary's opposition Fidesz party will draw up a new, radically transformed, 2006 budget if it wins this month's elections, opposition leader Viktor Orban said on Friday.
The youth wing of South Africa's ruling ANC accused state prosecutors on Friday of acting like apartheid agents in pursuing charges against former Deputy President Jacob Zuma, fanning political tensions around the highly charged case.
His father was a legend of African media: breaking story after story, bringing the 1984 Ethiopia famine to the world, still filming after losing an arm in an explosion, then dying in a hijacked plane crash.
California school textbooks would highlight the role gays have played in the history of the nation's most populous state if a new proposal that has angered conservatives passes the state Legislature.
Thailand's ruling party wants to invoke the "spirit" of the constitution rather than its exact letter to break a deadlock caused by the opposition's election boycott, Foreign Minister Kantathi Suphamongkhon said on Friday.
China's publishing authority has quietly introduced new restrictions on foreign magazines issuing Chinese versions, but officials on Friday denied the rules had led to the closure of Rolling Stone magazine's Chinese edition.
Iran will defend its controversial nuclear programme to its "last drop of blood" and refuse to suspend uranium enrichment as demanded by the UN Security Council, a senior cleric said Friday.
Palestinian militant group Hamas on Friday condemned a decision by the European Union to freeze aid to its newly formed government and said the move would only make Hamas more popular.
The European Commission said on Friday it had halted aid payments to the Hamas-led Palestinian government because the new cabinet had not recognised Israel's right to exist or renounced violence.
Two suicide blasts struck southern Afghanistan Friday, one of them wounding two US soldiers and a US civilian outside a base for British and US troops, officials said.
Italian Prime Minister Silvio Berlusconi said on Friday he was exhausted and talked openly about possible defeat on the final day of a long, bitter campaign for the April 9-10 general election.
The White House on Friday chose not to challenge a prosecutor's disclosure that President George W. Bush authorised top official Lewis "Scooter" Libby to disclose intelligence on Iraq in 2003, as Libby alleges.
Tens of thousands of people are dying from diseases linked to malnutrition in drought-hit East Africa, the United Nations said Friday as it appealed for hundreds of millions of dollars in aid.
Five people have been arrested, including three retired naval officers, over the alleged leak of military secrets to help international arms firms clinch Indian defence deals, reports said Friday.
Suspected Tamil Tigers shot dead two Sri Lankan Home Guards as they walked home on Friday, the army said, while a rebel-linked local politician was gunned down at work in another incident ahead of key talks.
Hundreds of Nepali students fought pitched battles with police on Friday, braving tear gas, hurling stones and chanting pro-democracy slogans as a four-day general strike against the king's rule entered its second day.
Two women bombers blew themselves up at a mosque in Turkey's Black Sea city Ordu on Friday, leaving one bomber dead and the other injured, media reports said.
The rupee gave up gains to end a volatile session near a three-month low on Friday, after the stock market snapped a three-day record-setting rally and the euro fell against dollar, dealers said.
Sterling hit its highest level in 9 days against the euro on Friday, bounding back from recent 15-month lows after comments this week from the European Central Bank President shifted the relative interest rate outlook.
The euro fell further from recent 7-month highs versus the dollar and record levels against the yen on Friday after the head of the European Central Bank on Thursday poured cold water on market expectations of a May rate hike.
The credit protection cost of BAA stood unchanged on Friday after the British airport operator rejected a hostile take-over bid led by Spanish construction group Ferrovial.
The credit protection cost of BAA stood unchanged on Friday after the British airport operator rejected a hostile take-over bid led by Spanish construction group Ferrovial.
US stocks fell on Friday as investors worried that a stronger-than-expected March jobs report would give the Federal Reserve more ammunition to keep raising interest rates, overshadowing hopes for robust corporate profits.
Seoul shares rose for a record 12th consecutive session on Friday as Korea Electric Power Corp and airlines gained on hopes a firm won will help offset high oil prices, while a solid earnings outlook lifted financials such as Kookmin Bank.
Britain's top share index reversed early gains to finish lower on Friday as interest rate fears gripped Wall Street and spread to Europe, but heavyweight oil stocks such as BP lent a prop.
Chocolate makers and exporters must fund a campaign to stamp out child labour on cocoa farms in top grower Ivory Coast, the campaign's co-ordinator says.
India's decision to impose new rules on the imports of genetically modified foods is likely to hit soyaoil shipments and firm up domestic edible oil prices, traders said on Friday.
Oil slipped back towards $67 a barrel on Friday on signs Nigeria would soon restore some lost output, but worries that top consumer the United States may run short of gasoline this summer gave the market a solid floor.
Russia, the world's top sugar buyer, said on Friday it would keep its raw cane sugar import tariff at $140 per tonne in May, flat on the previous seven months.
Cotton futures closed higher Friday on speculative buying as players tweaked positions before release of a government production report next week, brokers said.
London benchmark May sugar futures closed easier and near 10-day lows on Friday on fund and trade sales, dragged lower by selling in New York, traders said.
Copper closed lower in the London Metal Exchange (LME) kerb on Friday on profit-taking and an upbeat dollar but sentiment remained bullish, dealers said.
Gold briefly got closer to $600 an ounce after hitting a 25-year high on Friday, but it erased gains in late trading as a rally in the dollar and softer oil prices prompted some investors to book profits.
Arabica coffee futures prices settled in negative territory on light speculative selling, though market players refrained from taking big positions ahead of a crop forecast by top coffee grower Brazil, traders said.
Raw sugar futures settled Friday at a two-week low on fund sales and liquidation from players getting out of positions in the spot contract before it expires at the end of the month, brokers said.
Wheat futures at the Chicago Board of Trade were lower early on Friday in a setback from sharp advances earlier this week, including three-week highs on Thursday, traders said.
Corn futures at the Chicago Board of Trade were mixed early on Friday with nearby delivery months weak, but new contract highs were set for the new-crop 2007 delivery months, traders said.
US copper futures were lower at the open on Friday as investors were seen pocketing profits following an almost 8 percent week-long rally in the red metal, sources said.
Soybean futures at the Chicago Board of Trade fell on Friday, setting back from Thursday's firm close as the soya market followed grains higher, traders said.
Gold futures in New York tumbled from a 25-year high on early Friday, pressured by speculator and trade selling as the dollar climbed after a closely watched US jobs report and as oil prices eased.
Dr Ata-ur-Rehman, Chairman Higher Education Commission (HEC) has asked the universities to establish research centres and laboratories to produce new products for the market and said," HEC was not satisfied with the examination system of the university an
Opposition should resign en bloc from the senate, National and Provincial assemblies to force General Pervez Musharraf to hold free, fair and impartial elections as early as possible, said Barrister Taj Muhammad Khan Langah Chief of Pakistan Seraiki Party
Adviser to Punjab Chief Minister for Social Welfare and Chairperson, Punjab Social Services Board, Saba Sadiq, has said that Dar-ul-Aman advisory committees are being constituted throughout the province and in this regard a notification will be issued sho
Federal Minister for Population Welfare Chaudhry Shahbaz Hussain said the government has attached the highest priority to the lowering of the population growth rate (PGR) from its current level 1.9 per cent to 1.3 per cent per annum to reaching the replac
The two important components of art of taxation are convenience and economy. The Central Board of Revenue (CBR), for the last many years, has very intelligently shifted its prime responsibility of collecting Income Tax (Tax) to the persons making the paym
It is clear that education in Pakistan is fast becoming a market commodity, which will be bought and sold in the private sector, rather being provided by the State.
I have seen the advertisement of different banks in the newspapers offering interbank transfer facility through ATM card and whereas usually the bank (not mentioning name here but offering same facility) took three to four days for transfer of salary from
Recent confirmation of NEPRA reviving (partially) the '94 power policy is frightening to all those who would like to see lower power tariffs for industrial growth. (B.R. March 22).
Alternative regional approach: Considering the above factors, it is essential to ascertain an alternative regional approach to the erstwhile agreement of textiles and clothing.
Addressing the 59th Formation Commanders Conference at the GHQ in Rawalpindi last Monday, President General Pervez Musharraf said that Pakistan could become an important regional trade hub and energy corridor if the government adhered to its progressive a
A bipartisan adjournment motion has been tabled in the National Assembly for a debate over the poor performance of Zarai Taraqiati Bank Limited (ZTBL). This is the third time a move has been made for a debate on the affairs of the bank.
Municipal Administration Jamshed Town on Friday rejected the impression regarding involvement of town officials in any money collection from Town residents for development projects.
Fire & Security Pakistan 2006, which will showcase vast spectrum of safety, security and protection equipment, and its associated conference programme will be held from May 17 to 20 at the Karachi Expo Centre.
Some 150 incinerators would be provided to various district hospitals for ensuring proper disposal of hospital waste, Director General Health, Dr Abdul Majeed Rajput said on Friday.
Federal Minister for Health Muhammad Nasir Khan on Friday stressed the need for making concerted efforts to mobilise people for taking prevention to avoid diseases.
NWFP Minister for Health Inayatullah has expressed satisfaction over the pace of development work in the health sector and asked the concerned authorities to accelerate efforts for completing all schemes approved in the Annual Development Programme (ADP)
An industrial group from Mauritius has expressed interest in setting up a steel manufacturing plant in Pakistan. A six-member delegation of Essar Group of Mauritius now touring Pakistan visited Port Qasim Authority on Thursday.
Trade policy should be based on a two-pronged strategy ie trade for growth and trade for development for rapid economic growth and sustainable human development in country.
President Islamabad Chamber of Commerce and Industry, Abdul Rauf has demanded of Capital Development Authority (CDA) to introduce modern technology and ensure measures to up grade the traffic engineering sector to solve the traffic problem in the capital
Employees Old-age Benefits Institution (EOBI) has planned to introduce various projects to provide maximum facilities to industrial and commercial workers, EOBI Chairman Brigadier Akhtar Zamin said.
The governing body of the International Labour Organisation (ILO) has called for closer co-operation between the ILO and the European Union to promote "decent work for all."
Foundations of a Great Heritage, it takes more than raw horsepower to build tractor traditions. It takes the commitment to quality that Farmtrac has demonstrated since the very first tractor rolled out from its Tarboro, NC-based factory in the year 1948.
Millions of rupees funds of the Fishermen Co-operative Society (FCS) have been plundered, which were kept in the shape of special bonds in the accounts of the Society in the past.
Sindh Home Minister Rauf Siddiqi on Friday expressed indignation over police torturing of 65-year old Hashim Jarwar and 30-year old Naeem Arain, residents of Mirpurkhas, few days back. The two were beaten up, abused and tortured with burning cigarette but
Sindh Chief Minister Dr Arbab Ghulam Rahim said on Friday at a press conference in his Sindh Assembly Chamber after the adjournment of the session that Juma Khan Goth was not an 'authorised' village, and had been under illegal occupation of Afghanis in Ka
Six months after the last October's earthquake, United Nations Development Programme (UNDP) in collaboration with donors and NGOs provided the immediate relief through over 11,000 tents, over 8,000 kitchen sets, 60,000 quilts and around 171 boxes of warm