US Treasury debt prices tumbled on Friday, sending long-term yields to fresh highs as solid job growth in March reaffirmed expectations of more interest rate hikes from the Federal Reserve.
China's government-run pension fund plans to boost its investments in pre-IPO deals and will look beyond stakes in banks in an effort to diversify its more-than 200 billion yuan ($25 billion) portfolio, a top official said on Saturday.
Lyondell Chemical's credit spreads extended a recent tightening run on Friday after the company on Thursday said it hopes to sell a big refining asset, which analysts said will help it further cut debt and lift its credit ratings.
Lyondell Chemical's credit spreads extended a recent tightening run on Friday after the company on Thursday said it hopes to sell a big refining asset, which analysts said will help it further cut debt and lift its credit ratings.
European politicians teamed up with business leaders on Saturday to defend globalisation and denounce protectionism, arguing that freer trade and more open markets were good for both jobs and profits.
US motorcycle maker Harley-Davidson Inc opened its first authorised dealership in China on Saturday amid hopes its rumbling bikes will strike a chord with wealthy Chinese.
J.P. Morgan Chase on Saturday announced an agreement to acquire the Bank of New York Co's consumer, small-business and middle-market banking businesses in exchange for J.P. Morgan Chase's corporate trust business plus a cash payment of $150 million.
A federal judge has approved a settlement that calls for Time Warner Inc, the world's largest media company, to pay $2.65 billion to settle charges it overstated revenue to gain approval for its merger with AOL.
Asian countries, including China, already have ample foreign exchange reserves and there is no need for them to accumulate more, Haruhiko Kuroda, President of the Asian Development Bank said on Saturday.
The US Court of International Law ruled on Friday that US Customs violated a provision of the North American Free Trade Agreement (Nafta) in applying a law known as the Byrd amendment to antidumping and countervailing duties on goods from Canada and Mexic
The US Court of International Law ruled on Friday that US Customs violated a provision of the North American Free Trade Agreement (Nafta) in applying a law known as the Byrd amendment to antidumping and countervailing duties on goods from Canada and Mexic
Bankrupt auto parts maker Delphi Corp won court approval late Friday for its attrition agreement with former parent General Motors Corp and the United Auto Workers Union.
Malaysian police have launched a hunt for dozens of illegal immigrants after a riot and mass break out at a detention centre in the eastern state of Sabah late on Friday, police said.
Thousands of Russians left behind by their country's economic boom came out onto the streets on Saturday to protest at what they said was the widening gulf between rich and poor.
Germany plans to cut corporate income tax rates by as much as 50 percent when launching one of the country's key reforms - the overhaul of its unwieldy corporate tax system, according to German media reports.
Conventional wisdom suggests that political and economic risks deter investors from playing emerging market currencies - but the potential for above-average returns is turning that wisdom on its head.
China has responded to a request by the United States and Europe to take part in WTO consultations over auto part tariff rules, the Commerce Ministry said on Saturday.
International donor commitment to Vietnam should be sustained to build on its success in controlling avian flu after it was hit hardest by the disease, the United Nations bird flu co-ordinator said on Saturday.
The Karachi Port handled 95,424 tonnes of cargo including 70,296 tonnes import and 25,128 tonnes export cargo including 2,672 containers during last 24 hours ending at 0700 hours on Saturday.
The Belgian port of Antwerp, Europe's second-biggest, expects container cargo to double by 2020 from last year's 74 million tonnes as a result of growing global trade, a port official said on Thursday.
Asian shipping rates weakened a touch this week due to healthy availability of vessels despite Chinese demand for South American soybean, brokers said on Tuesday, April 4.
The trading on Kirana items closed mixed on Jodia Bazar on Saturday. The following variations were seen in white pepper up Rs 200 to Rs 7,200, white pepper Singapore down Rs 50 to Rs 4,100, nutmeg down Rs 200 to Rs 7,800, big cardomom down Rs 100 to Rs 8,
Oil prices hit seven-month high points above 68.0 dollars per barrel this week and gold breached 600.0 dollars per ounce for the first time in over 25 years.
Copper touched a record peak on Friday, moving closer towards uncharted territory of $6,000 a tonne, as funds armed with strong fundamentals and dwindling stocks continued to plough into the red-hot commodity sector.
US copper futures ended down but well off their session lows on Friday as a short-covering scramble lifted prices after the selling momentum faded late in the day, sources said.
Soyabean futures at the Chicago Board of Trade fell on Friday, setting back from Thursday's firm close, when soya followed the grains higher, traders said.
Ukraine's Agriculture Minister was quoted as saying on Friday he hoped to increase the 2006 grain crop to 38-40 million tonnes from a previous forecast of 37.6 million and compared with 38 million in 2005.
Russia officially plans to increase the spring grain sowing area in 2006 to 34.4 million hectares from an all-time record low of 30.6 million hectares last year.
Raw sugar futures settled on 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.
Indian sugar futures rose slightly on Friday after buying set in at lower prices, while wheat extended gains on a tightening of supply in the physical market, brokers said.
Australia's biggest farmers group, the New South Wales Farmers Association, has rejected a proposed overhaul of Australia's wheat export system and wants the existing export monopoly to stay with AWB Ltd.
A few changes were seen on the grain market on Saturday as most of traders remained on the sidelines due to light interest in the fresh purchasing, dealers said.
Steady trend was seen on the cotton market on Saturday as most of the buyers kept on the sidelines due to lack of fresh leads, dealers said. The official spot rate was unchanged at Rs 2425, without upcountry expenses. Prices held firmness on the increased
Mixed trend was seen on the forward cottonseed oilcake market on Saturday as a very little number of buyers were active to cover the near-term needs, dealers said.
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Steadier trend was witnessed in the interbank market on Saturday as the rupee moved slightly in relation to the dollar for buying and selling at 59.97 and 59.98, money experts said.
Steadier trend was witnessed in the interbank market on Saturday as the rupee moved slightly in relation to the dollar for buying and selling at 59.97 and 59.98, money experts said.
General elections in the country will be held in February 2008, parliamentary affairs minister Dr Sher Afgan Niazi said. Talking to newsmen here on Saturday, he said present assemblies would complete their term on November 15 next year and it would take 9
Tandliawala-II Sugar Mills (Miran), owned by a Federal Minister's family, did not bother about Monopoly Control Authority's show-cause notice served to give reasons for not releasing required sugar stocks.
Tandliawala-II Sugar Mills (Miran), owned by a Federal Minister's family, did not bother about Monopoly Control Authority's show-cause notice served to give reasons for not releasing required sugar stocks.
Tandliawala-II Sugar Mills (Miran), owned by a Federal Minister''s family, did not bother about Monopoly Control Authority''s show-cause notice served to give reasons for not releasing required sugar stocks.
A group of about 40 rebels downed arms and surrendered on Saturday to authorities in Balochistan, officials said. "A total of 40 Bugti tribesmen, including five of their commanders have surrendered with weapons and explosives in the town of Sui," the regi
A group of about 40 rebels downed arms and surrendered on Saturday to authorities in Balochistan, officials said. "A total of 40 Bugti tribesmen, including five of their commanders have surrendered with weapons and explosives in the town of Sui," the regi
Despite a bumper wheat crop this year, poor people will not get wheat and flour at cheap rates as powerful and extra-market forces have connived to keep wheat prices higher, agro-economists told Business Recorder here on Saturday.
Despite a bumper wheat crop this year, poor people will not get wheat and flour at cheap rates as powerful and extra-market forces have connived to keep wheat prices higher, agro-economists told Business Recorder here on Saturday.
Despite a bumper wheat crop this year, poor people will not get wheat and flour at cheap rates as powerful and extra-market forces have connived to keep wheat prices higher, agro-economists told Business Recorder here on Saturday.
President General Pervez Musharraf on Saturday said the nation had faced the devastating calamity of October 8 with great determination and promised to reconstruct the quake-ravaged area on modern lines.
President General Pervez Musharraf on Saturday said the nation had faced the devastating calamity of October 8 with great determination and promised to reconstruct the quake-ravaged area on modern lines.
General elections in the country will be held in February 2008, parliamentary affairs minister Dr Sher Afgan Niazi said. Talking to newsmen here on Saturday, he said present assemblies would complete their term on November 15 next year and it would take 9
Thai Finance Minister Thanong Bidaya said on Saturday he was optimistic that a political crisis in his country would resolve peacefully and that its impact on the economy so far had been limited.
Top US wireless executives estimate that mobile data services, such as video downloads and Web surfing, could rise to as much as a third of revenue in three years, providing new income as the price of phone calls falls.
Business Objects SA will introduce a Web-based version of its database marketing software on Monday, the latest company to push into the fast-growing market for applications delivered over the Internet.
A pickup in the German economy should gather pace in coming months and there are signs household spending strengthened at the start of the year, Bundesbank President Axel Weber said on Saturday.
The European Union needs a sweeping budget reform to redirect cash away from agriculture spending toward research, development and infrastructure, German Finance Minister Peer Steinbrueck said on Saturday.
British finance minister Gordon Brown urged European governments on Saturday to set up a tougher competition regime to combat protectionism, but the idea was dismissed by France and the EU's top antitrust watchdog.
French Prime Minister Dominique de Villepin was talking to ministers and members of the ruling party on Saturday to put the finishing touches on proposals to try and end the political crisis over a youth labour law.
Suspected Tamil Tigers killed one Sri Lankan soldier on Saturday and wounded two, the army said, while the rebels also said they had been shot at and cease-fire monitors warned rising violence could hit peace talks.
For the first time in the country''s history, Pakistan''s rice exports have crossed the $1 billion mark, to $1.002 billion, as a result of 2.81 million tons rice exported to different countries up to March 31.
Information minister Sheikh Rashid has said present assemblies could elect President General Musharraf for another term. "It is up to the President to choose present or the future parliament for his election for another term," the minister said while talk
For the first time in the country's history, Pakistan's rice exports have crossed the $1 billion mark, to $1.002 billion, as a result of 2.81 million tons rice exported to different countries up to March 31.
For the first time in the country's history, Pakistan's rice exports have crossed the $1 billion mark, to $1.002 billion, as a result of 2.81 million tons rice exported to different countries up to March 31.
The Ministry of Industries and Production has given one week to cement manufacturers to rationalise the prices of their product or be ready to face action against their monopolistic attitude, sources in Industries Ministry told Business Recorder.
The Ministry of Industries and Production has given one week to cement manufacturers to rationalise the prices of their product or be ready to face action against their monopolistic attitude, sources in Industries Ministry told Business Recorder.