Russian steel maker NLMK is likely to show a fall in its 2005 net profit with margins dented by lower world steel prices and more expensive raw materials, analysts said.
Russian steel maker NLMK is likely to show a fall in its 2005 net profit with margins dented by lower world steel prices and more expensive raw materials, analysts said.
Delta Air Lines Inc, which is operating under bankruptcy protection, and the union representing its pilots on Friday said they reached a tentative agreement, potentially averting a strike that could have been fatal to the airline.
Infosys Technologies Ltd, India's second-largest software exporter, reported a 21 percent jump in quarterly profit on Friday and forecast better earnings ahead on an outsourcing boom.
Infosys Technologies Ltd, India's second-largest software exporter, reported a 21 percent jump in quarterly profit on Friday and forecast better earnings ahead on an outsourcing boom.
Another solid sales month by Fiat and Volkswagen helped new car registrations in Europe rise 4.1 percent in March to nearly 1.79 million vehicles, industry data showed on Friday.
Samsung Electronics Co Ltd posted a bigger-than-expected 25 percent slump in quarterly operating profit on Friday, hit by sliding margins in mobile phones and memory chips.
Samsung Electronics Co Ltd posted a bigger-than-expected 25 percent slump in quarterly operating profit on Friday, hit by sliding margins in mobile phones and memory chips.
Kazakhstan's economy grew by an annual 7.6 percent in the first quarter of this year, slower than in the same period of 2005 when gross domestic product rose 9.1 percent, Prime Minister Danial Akhmetov said on Friday.
US authorities late Thursday charged Saudi financier Adnan Khashoggi and four others with scheming to defraud brokers out of $130 million by artificially boosting the stock of now-defunct telemarketer GenesisIntermedia Inc.
The supervisory manager of crippled Russian oil company Yukos said on Friday he had filed suit in a US bankruptcy court seeking to stop the firm's London-based management selling a Lithuanian refinery.
Prosecutors said Friday they had arrested two Hyundai Motor executives and a former bank official in a widening graft probe of South Korea's number one automaker.
Japanese financial regulators ordered Aiful Corp, the country's biggest consumer lending firm, on Friday to suspend business at all of its 1,700 outlets for three days as punishment for coercive loan collection methods.
African countries lambasted rich nations on Friday for failing to show flexibility in global trade negotiations and expressed doubts that a World Trade Organisation (WTO) deadline at the end of April would be met.
Russian gas giant Gazprom has offered to boost the amount of gas it transits through Bulgaria in exchange for a switch to cash only payments to the Balkan state, a senior Gazprom official said on Friday.
US industrial production rose 0.6 percent in March, slightly more than expected, as mining and utility output became less volatile and capacity use reached its highest point in 5-1/2 years, the Federal Reserve said on Friday.
The yield on benchmark 10-year Japanese government bonds soared to a 5-1/2-year high on Friday, hoisted by a wave of selling across global bond markets as central banks ratchet up short-term interest rates.
The yield on benchmark 10-year Japanese government bonds soared to a 5-1/2-year high on Friday, hoisted by a wave of selling across global bond markets as central banks ratchet up short-term interest rates.
Taiwan stocks rose 1.41 percent to a 25-month high on Friday, as signs of improving cross-strait ties bolstered investor hopes of increasing demand for hotels and real estate developers like Cathay Construction.
Seoul shares rose to a record high on Friday on optimism that exporters' profits would recover in the second half, with Samsung Electronics also gaining after its plan to buyback stock offset lacklustre quarterly results.
Malaysian share prices closed 0.22 percent higher on Friday in quiet trade as late buying in index-linked stocks helped reverse earlier losses, dealers said.
US Treasury debt prices slid on Thursday, sending benchmark yields above 5 percent for the first time in nearly four years as the prospect of rising global interest rates took its toll.
US Treasury debt prices slid on Thursday, sending benchmark yields above 5 percent for the first time in nearly four years as the prospect of rising global interest rates took its toll.
Chinese shares staged a strong rebound on Friday despite Beijing's final nod to domestic insurers and banks, allowing them to invest in overseas markets, which could lure some capital outside the country.
The US corporate bond market was little changed on Thursday as new issuance paused ahead of the Easter holiday weekend and the secondary market was quiet. The lull in new sales came after a relatively busy week in which around $11 billion of new debt was
The US corporate bond market was little changed on Thursday as new issuance paused ahead of the Easter holiday weekend and the secondary market was quiet. The lull in new sales came after a relatively busy week in which around $11 billion of new debt was
The Nikkei average rose 0.20 percent on Friday, helped by a rise in Sumitomo Realty & Development Co after a brokerage started coverage with a positive rating, while Fast Retailing Co Ltd gained after lifting its profit forecast.
Chilean stocks rose on Thursday led by electric utilities. The IPSA blue chip index rose 0.61 percent to 2,150.96 points in a shortened pre-holiday trading session, while the broader IGPA index climbed 0.16 percent to 9,844.34, preliminary closing figures
HDFC Bank is set for a quarterly profit rise of 30 percent on strong fee-based income, but most Indian bank results will be little changed as treasury provisions and a squeeze on lending margins offset loan growth.
The first official visit of China's President Hu Jintao to the United States next week is a landmark occasion, but it's causing hardly any ripple in the currency options and forwards market.
China's yuan bounced back from its biggest overnight fall since its revaluation to edge up against the dollar on Friday, but trade was directionless ahead of President Hu Jintao's US visit next week, dealers said.
The dollar was little changed on Friday in thin Easter holiday trading, underpinned by expectations the US Federal Reserve will raise interest rates further next month.
The dollar was barely moved on Thursday against the euro or yen as activity wound down ahead of a long Easter weekend and traders trimmed positions ahead of a barrage of US economic data due next week.
The Canadian dollar fell broadly on Thursday after an unexpected drop in February manufacturing shipments raised questions about the strength of the economy and muddied the outlook for interest rate increases.
The South Korean won gained on Friday for the first time in five sessions as Seoul shares hit a record high and exporters sold dollars. Investors also cleared long-dollar positions before potentially market-moving events next week in the United States, an
Vaughn Taylor, trying to put a disappointing Masters behind him, carded an eight-under 63 Thursday for a one-shot lead in the first round of the Verizon Heritage.
England's David Lynn stormed to a one-shot lead at the halfway stage of the 1.8-million dollar Volvo China Open on Friday, playing through the pain after quick surgery in a back room of the clubhouse.
Indian captain Rahul Dravid jumped to the defence of non-performing team-mates Virender Sehwag and Mohammad Kaif on Friday, saying their poor form was a passing phase.
Three wickets shy of one of cricket's biggest upsets in the opening Test against Australia, Bangladesh face a tough task in the second if they are to overcome the world champions.
American Vince Spadea reached the quarter-finals of the ATP US Clay Court Championships on Thursday as an ailing Marcos Baghdatis retired from their second-round clash.
Defending champion Justine Henin-Hardenne made it lucky 13 here on Thursday as she reached the quarter-finals of this 1.34 million-dollar WTA Clay Court Tournament.
A special exhibition of Anne Frank's letters here reveals the fiercely independent spirit of the Jewish girl whose diary of life in hiding in Nazi-occupied Amsterdam made her world famous.
A French parliamentarian on a five-week hunger strike to prevent the closure of a local factory called off his campaign Friday after the government won a pledge from the plant's Japanese owners to protect jobs.
Excavation work started north of Sarajevo on Friday on what a Bosnian explorer says are Europe's first pyramids. A group of experts explored the narrow entrance of a 3.8-kilometre (2.3-mile) tunnel believed to lead to one of the two hills resembling pyram
Chastened Bollywood superstar Salman Khan said he would never forget his three days in an Indian prison after being freed on bail to fight a five-year jail term for poaching.
Romania will submerge thousands of hectares of farmland on the banks of the Danube to prevent the swollen river from flooding villages, Prime Minister Calin Tariceanu said on Friday.
Staff at France Soir - a once-great French newspaper that has been fighting to survive in recent years - demonstrated in Paris on Friday over job cuts planned by the paper's new owners.
The Indian Air Force, plagued by frequent air crashes, apologised Friday for flying the national flag upside down at a meeting of top brass. "Corrective action" was pledged after the flag was displayed upside down on the podium where air chief marshall Sa
Islamic nations have a "duty" to fill a gap in aid to the Hamas-led Palestinian government, an Iranian official said Friday, as the Islamic republic opened a conference on supporting the Palestinian people.
At least four worshippers were killed and eight wounded on Friday when two bombs exploded at two Sunni mosques in the Iraqi city of Baquba, police said. The blasts happened just after midday prayers in the city, 65 km (40 miles) north of Baghdad. No furth
Six Taleban guerrillas were killed in an air strike by US-led troops in eastern Afghanistan on Friday after blasts elsewhere in the country killed three policemen and wounded two British troops.
Iran's president said on Friday that the existence of the "Zionist regime", Iran's term for Israel, was a threat to the Islamic world, days after declaring Iran had become a nuclear power by enriching uranium.
The Iranian president on Friday dismissed remarks by US Secretary of State Condoleezza Rice, who said the United Nations must consider strong action to force Iran to comply with demands over its nuclear plans.
Peace broker Norway announced Friday that talks between the Sri Lankan government and Tiger rebels, under threat from a new wave of violence, would go ahead five days later than scheduled.
US intelligence failed to warn of India's nuclear tests conducted in 1974 and 1998 despite tracking the Asian giant's atomic weapons potential for nearly half a century, according to documents declassified Thursday.
Three Egyptians killed a Christian worshipper and wounded three others on Friday in knife attacks in three churches in the coastal city of Alexandria, security and police officials said. "We believe the three men were working together to carry out the att
Italian Prime Minister Silvio Berlusconi's hopes of overturning his election loss were dashed on Friday when it emerged there were not enough disputed ballot papers to swing victory back from his rival, Romano Prodi.
Central African Republic closed its border with Sudan on Friday in protest at what it called Khartoum's "aggression" following rebel attacks on its neighbour Chad, its foreign minister said.
Chad's President Idriss Deby on Friday broke diplomatic ties with neighbour Sudan, which he accused of trying to topple him, and warned that his country could stop sheltering thousands of Sudanese refugees.
Fresh pro-democracy protests broke out in Nepal on Friday despite King Gyanendra's pledge to hold elections in the Himalayan kingdom, as activists said he offered nothing new or substantive.
Japan and the United States failed Friday to seal a deal on redeploying US troops, remaining at odds over how much each side should pay but reaching an agreement on a controversial air base.
US Defence Secretary Donald Rumsfeld dismissed calls from retired generals for his resignation, in an interview to be broadcast Friday on Al-Arabiya television. "I intend to serve the president at his pleasure," Rumsfeld told the channel, according to a t
The in-house hedge fund of US banking giant Citigroup Inc is planning to expand its Asian operations by hiring more money managers and opening a Shanghai office, its chief told Reuters.
The in-house hedge fund of US banking giant Citigroup Inc is planning to expand its Asian operations by hiring more money managers and opening a Shanghai office, its chief told Reuters.
US, UK financial and stock markets were closed due to Good Friday and Easter holidays. US markets will resume trading on Monday while London on Tuesday. Many Asian markets were also closed which includes:
Hedge funds delivered strong returns in the first quarter of this year and with market volatility expected to rise and clear trends evident in currencies and bonds the omens for 2006 are good.
Hedge funds delivered strong returns in the first quarter of this year and with market volatility expected to rise and clear trends evident in currencies and bonds the omens for 2006 are good.
The London Stock Exchange expects to win at least 20 Chinese listings in 2006, as Europe's biggest bourse takes aim at the growing field of young Chinese entrepreneurial firms looking to raise capital.
With gold at its highest price levels in a quarter century and stock markets around the world hitting multi-year peaks, it would appear to be a boom time for these assets.
Arabica coffee futures ended on positive ground on Thursday, boosted mainly by industry buying and independent brokers covering their short positions before a three-day weekend, market sources said.
US soyabean plantings will be as much as 700,000 to 800,000 acres lower than estimated by the US Agriculture Department, private consultant Informa Economics said on Wednesday.
US spot-month cocoa futures fell to the lowest price in five months on Thursday, pressured by fund selling and contract rollovers ahead of the Good Friday holiday, market sources said.
US copper futures settled just below new record levels Thursday as short covering and spread business lifted the complex, and the overall bullishness in the red metal should further boost prices next week, sources said.
Soyabean futures at the Chicago Board of Trade closed higher on Thursday amid prospects that clear, warm US weather would lead to more corn acres and fewer soybean plantings than the government recently estimated, traders said.
Monsanto Co on Wednesday defended its pricing practices for biotech cotton in India and said the company was co-operating fully with a government inquiry into complaints involving sales of its genetically modified (GMO) cotton seeds there.
Chicago Board of Trade rough rice futures ended slightly firmer on Thursday ahead of the holiday weekend, traders said. May rice closed 1 cent higher at $8.33 per hundredweight. The back months settled 1 to 2 cents higher.
Raw sugar futures settled Thursday at a four-week low on speculative liquidation tied to players rolling out of the spot contract before it expires in two weeks, brokers said.
British farmers have had to cut costs, diversify into new businesses and even embrace part-time status but many are still struggling to survive in an era of falling government support payments and farmgate prices.
Metal commodity prices will remain strong for at least the next four or five years supported by a combination of strong demand and lagging supply growth, forcing analysts to upwardly revise their price forecasts, Sprott Securities said on Monday.
The US Agriculture Department gave out more than $9 million in loans to ineligible applicants during a six-year period, according to an investigation by the department's inspector general released late Thursday.
All Pakistan Minorities Alliance (APMA) has threatened to launch a protest drive against the revenue staff of Muzaffargarh district if they did not stop extortion from the poor farmers and harassing them.
A section of the Army units which were called into the city on Thursday moved out towards the Malir Cantonment area via the Sharae Faisal on Friday evening.
A section of the Army units which were called into the city on Thursday moved out towards the Malir Cantonment area via the Sharae Faisal on Friday evening.
The Royal Navy has appointed its first non-white admiral, Pakistan-born Muslim immigrant Amjad Hussain, a British newspaper said on Friday. Rear Admiral Hussain, 47, is the highest-ranking ethnic officer among the 200,000 personnel of the British armed fo
The Small and Medium Entrepreneurs Development Authority (Smeda) will soon publish an international standard legal guide for Sialkot's sports goods industry.
Hidden from the road behind a high concrete wall, the jumble of iron-roofed shacks bakes under a relentless midday sun. Dogs scratch around in alleyways, women chatter as they queue for water, a welding torch briefly lights up a nearby workshop.
The Nishtar Park incident is really a sad full event and all Muslims are afflicted and grieved over this event as it is the loss of all Muslim nations.
Horrendous, senseless, depraved, vicious, grotesque, the work of misguided senseless souls taking the lives of so many, for which God has ordained that no human has a right to do that, so was the bloody spectre at Nishtar Park in Karachi.
Sheep farmer Wang Jincan is at the heart of a little experiment with potentially big consequences for the Chinese banking system. Wang is talking to a loan officer hoping to borrow 40,000 yuan ($5,000) to buy 500 sheep to add to the flock of 300 he keeps
The visit of Crown Prince Sultan ibn Abdul Aziz of Saudi Arabia's scheduled visit to Pakistan, on April 15 and 16, 2006, is a very important one in the backdrop of the current international situation in the world, in this region and at the bilateral level
Of the three main modes employed for smuggling contraband goods, ie by air, by land and by sea, maritime presents the most formidable challenge. CBR's decision to purchase speedboats at a cost of Rs 961.50 million, to facilitate effective anti-smuggling o
The Asian Development Bank (ADB), like other multilateral financial institutions, makes occasional assessment about the state of the health of various economies in the region. In its latest Outlook released on 6th April 2006, the ADB has projected an enco
Stating that United States appreciates Pakistan's efforts, White House Spokesman on Thursday said, "We will continue working closely" with Islamabad in the global war on terrorism. Scott McClellan, in response to a question, said Pakistan "is a very good
Administrative judge of anti terrorism courts in Karachi on Friday sent four employees of former chief minister of Balochistan Sardar Akhtar Mengal, allegedly involved in army personnel hostage-taking case, to jail, and directed the investigation officer