Ford Motor Co on Friday reported its biggest quarterly loss in over four years as it took $2.5 billion in charges for job cuts and plant closings at the start of a massive restructuring effort.
The country's readymade garments' export target of $3,252 million for the current fiscal year 2005-06 is in jeopardy mainly due to the tough competition in the international market and increased cost of doing business locally, trade sources told Busine
McDonald's Corp on Friday said quarterly profit met its recent forecast as strong US breakfast sales and an improved European business boosted revenue, though net income fell 14 percent due to a large year-earlier gain.
President General Pervez Musharraf has directed accelerating setting up of drinking water purification plants in the country as it would not only result in prevention of a number of water-borne diseases but also provide good healthy environment along with
McDonald's Corp on Friday said quarterly profit met its recent forecast as strong US breakfast sales and an improved European business boosted revenue, though net income fell 14 percent due to a large year-earlier gain.
President General Pervez Musharraf has directed accelerating setting up of drinking water purification plants in the country as it would not only result in prevention of a number of water-borne diseases but also provide good healthy environment along with
Overseas doctors, mainly from the Indian sub-continent, demonstrated outside the Department of Health in London on Friday to protest against new rules forcing them to leave Britain.
The United States, acknowledging the tough task it faces to slap UN sanctions on Iran, urged Friday an embargo on military sales to Tehran for its suspected bid to develop nuclear weapons.
Web search leader Google Inc on Thursday returned to form by beating Wall Street expectations with a 79 percent jump in revenue tied to taking market share gains from rivals such as Yahoo Inc.
Web search leader Google Inc on Thursday returned to form by beating Wall Street expectations with a 79 percent jump in revenue tied to taking market share gains from rivals such as Yahoo Inc.
The European Union and the United States blamed each other on Friday for a stalemate in global trade talks which has put beyond reach an end-April deadline for a key deal on farm and industrial goods.
Taiwan stocks edged down 0.14 percent from a 5-1/2-year high on Friday as profit-taking kicked in late in day, but flat panel maker AU Optronics led some tech shares higher.
Chinese shares rose 2.23 percent on Friday to close at their highest level in more than 18 months, led by a more than 7 percent jump in oil giant Sinopec Corp, which was buoyed by high oil prices.
Hong Kong stocks ended down 0.19 percent on Friday as the week's successive gains triggered profit-taking, but developers such as Sun Hung Kai (SHK) Properties Ltd outperformed to push real estate shares to fresh eight-year highs.
The Dow Jones industrial average ended at the highest level in six years on Thursday as encouraging quarterly reports from companies such as General Motors Corp increased optimism about earnings.
South Korean shares hit a record high on Friday as technology firms such as Samsung Electronics rose on expectations for a recovery in second-half profits, with gains underpinned by improving global corporate earnings.
US Treasury debt prices eased modestly on Thursday as investors resigned themselves to the prospect of further interest rate rises and the latest data did little to alter their views.
US Treasury debt prices eased modestly on Thursday as investors resigned themselves to the prospect of further interest rate rises and the latest data did little to alter their views.
Thai share prices closed 0.19 percent lower on Friday on profit-taking after rising to a two-year high as softer oil prices led the key energy-linked stocks down, dealers said.
Japanese government bond (JGB) prices bounced back sharply on Friday, with benchmark futures erasing losses made in the morning session, as market players covered short positions ahead of the weekend.
Japanese government bond (JGB) prices bounced back sharply on Friday, with benchmark futures erasing losses made in the morning session, as market players covered short positions ahead of the weekend.
The Nikkei average ended up 0.50 percent on Friday as hopes for strong earnings lifted Sony Corp and other blue chip shares, while Kyocera Corp and cellphone-related shares rang up gains on growing demand.
Indian shares eased a touch in choppy trade on Friday amid selling a day after the benchmark index crossed 12,000 for the first time, while investors await quarterly earnings from key companies next week.
The Swiss franc lost ground against the dollar in early trading on Friday, as the US currency continued to rebound from two-month lows earlier in the week, boosted by positive business conditions data.
Finance ministers from developing countries called on Friday for renewed political commitment by rich and poor nations to salvage critical global trade liberalisation talks that are currently foundering.
International Monetary Fund chief Rodrigo Rato said on Thursday it was up to IMF member countries to decide how it should proceed with the Hamas-led Palestinian Authority.
China is not yet allowing market forces to freely determine the value of its currency following the revaluation of the yuan currency last year, International Monetary Fund Managing Director Rodrigo Rato said on Thursday.
Japan wants China to make its yuan currency flexible, its top government spokesman said on Friday, but Prime Minister Junichiro Koizumi noted that it was up to China to decide how to reform the yuan regime.
China's yuan slipped against the dollar on Friday as traders shifted to expecting a slower rate of appreciation after Chinese President Hu Jintao gave no hope in Washington to those pushing for a dramatic revaluation.
The dollar steadied on Friday after upbeat US economic figures and a dramatic sell-off in the gold market helped the currency recover from a battering on expectations that US interest rates will soon stop rising.
The dollar rallied on Thursday, as investors pared recently overextended bets against the currency, helped modestly by US economic data that were not as bad as markets had feared.
China's yuan slipped in offshore forwards on Friday and some Asian regionals fell after being sold by speculators disappointed with Chinese President Hu Jintao's comments on the currency during his US visit.
The overnight interbank rate in Hong Kong rose to the highest in nearly a month on Friday due to large amounts of funds being tied up by massive interest in initial public offerings (IPOs) of stock.
Canada gained a solitary goal victory over China in the World Cup qualifying hockey tournament at Changzhou (China) on Friday according to information made available by the International Hockey Federation (FIH).
A Cricket Australia opinion poll has confirmed what has been evident Down Under since last September - the Ashes loss to England hurt Australians more than any other sporting defeat.
Australian Stuart Appleby wasn't perfect, but his first-round 66 was good enough for the first-round lead on Thursday in the 5.5 million-dollar Shell Houston Open.
A deterioration in the weather blew much of the field off-course at the BMW Asian Open on Friday, but not Henrik Stenson who held a one-stroke lead when play was suspended for lightning.
Australian cricket captain Ricky Ponting has labelled the increasingly hectic international Test schedule "unacceptable" and has demanded more recovery time between matches.
Roger Federer erased one of the few minor blemishes on his spotless career record on Friday, reaching a semi-final at the Monte Carlo Open for the first time.
Russia's gross domestic product (GDP) grew by 5.4 percent in year-on-year terms in March while inflation should slow to 0.4-0.5 percent in April, Deputy Economy Minister Andrei Klepach told reporters on Friday.
Iraq is ready to move swiftly in negotiating multi-billion-dollar oilfield contracts with international majors and can sign deals before an investment law is passed by the government, a top oil official said on Friday.
Europe and the Americas, Asia-Pacific is the most optimistic in the world about the 2006 economy, according to a recent HSBC survey conducted with 4,000 businesses in Asia-Pacific.
The BBC announced plans on Friday to raise staff retirement age and close its final salary pension scheme to new entrants, prompting fury from labour unions.
Nigeria ordered a final debt repayment to rich lending nations on Friday, completing Africa's biggest debt relief deal that will free up billions of dollars in coming years to fight poverty.
A massive earthquake measuring 7.9 on the Richter scale, followed by a huge aftershock, rocked Russia's remote north-eastern Kamchatka peninsula Friday but caused only light injuries, officials said.
Cuba's Angel Boligan has won a top international political cartoon prize for his drawing of a man slumped on a couch watching a giant wooden television on wheels that resembles a Trojan horse.
Romania breached a major dike to divert floodwater threatening villages in the Danube delta, while Hungary evacuated thousands of people as swollen rivers spread more havoc across eastern Europe on Friday.
Iraqi authorities are illegally detaining thousands of people, the United Nations' senior human rights official for the country said on Friday, and also urged the US-led coalition to charge or release its prisoners.
Nepal's King Gyanendra, facing sweeping anti-monarchy protests, said on Friday he was restoring political power to the people, but the country's largest party said that was not enough.
The discovery of gold cartouches dating back to 1400 BC sheds new light on the relationship between two ancient Egyptian rulers, Egypt's antiquities department said Friday.
A Myanmar diplomat set himself on fire in his country's mission in the Malaysian capital on Friday, triggering a blaze that destroyed much of the building's interior, the official Bernama news agency reported.
Chinese President Hu Jintao winds up a four-day visit to the United States on Friday with a speech at Yale University after a stop in Washington that failed to produce any major breakthroughs on an array of economic and security issues.
Sri Lanka's president took charge of a new panel Friday to halt a slide back to full-scale war as suspected Tiger rebels exploded mines and fought gunbattles killing four people, officials said.
Iraq's ruling Shia Alliance nominated Jawad al-Maliki as its new candidate for prime minister on Friday in an effort to end four months of political paralysis over the formation of a new government.
Russia must stop any arms deals with Iran and other nations must bar the sale of dual-use technologies to Tehran to put pressure on Iran to abandon its nuclear program, a senior US official said on Friday
A beaming Queen Elizabeth II greeted thousands of flag-waving fans on her 80th birthday Friday, basking in a popularity that has undercut calls to abolish the British monarchy.
Palestinian leader Mahmud Abbas on Friday vetoed Hamas government decisions to create a new special force of armed militants headed by a wanted radical.
The cost of insuring US automaker Ford Motor Co's debt against default held steady on Friday, after the US automaker swung to a massive first-quarter loss as it took $1.65 billion in charges for job cuts, plant closings and other restructuring-related act
The cost of insuring US automaker Ford Motor Co's debt against default held steady on Friday, after the US automaker swung to a massive first-quarter loss as it took $1.65 billion in charges for job cuts, plant closings and other restructuring-related act
Philippines share prices rose 0.9 percent to hit a near seven-year high Friday as investors took positions in the major companies expected to report strong first quarter earnings, dealers said.
US blue chip stocks rose on Friday after manufacturer 3M Co increased its profit outlook, while stronger-than-expected earnings by Google Inc lifted the S&P 500.
Malaysian share prices closed O.17 percent higher Friday due to follow-through buying driven by the ringgit's strength against the dollar which outweighed inflation fears, dealers said.
Singapore share prices rose 0.76 percent Friday for another record finish, this time above 2,600 points as investors bought in ahead of general elections in May and upcoming quarterly results, dealers said.
UK stocks closed higher on Friday, scoring fresh five-year highs and sealing their strongest one-week gain since January as mining stocks such as Antofagasta rebounded strongly.
The Indian rupee slipped towards the bottom of the week's trading range on Friday, as state-run banks kept it under pressure, and it ended the week close to a recent four-month low.
The euro reversed earlier losses on Friday after the Swedish central bank said it had increased the euro's share in its foreign exchange reserves to 50 percent.
European farmers are set to increase grain and oilseed plantings and slash beet sugar sowings in response to price-cutting EU sugar regime reforms to be implemented this year, traders and analysts said on Friday.
Oil prices vaulted to a new peak over $75 a barrel on Friday as investment funds snapped up crude futures and tension mounted over Iran''s nuclear intentions.
Oil prices vaulted to a new peak over $75 a barrel on Friday as investment funds snapped up crude futures and tension mounted over Iran's nuclear intentions.
Oil prices vaulted to a new peak over $75 a barrel on Friday as investment funds snapped up crude futures and tension mounted over Iran's nuclear intentions.
India, hit by lower grain stocks and spiralling domestic prices, said on Friday it would immediately import a further 3 million tonnes of wheat. "To ensure that there are adequate buffer stocks in the central pool, the government would import 3 million to
Cotton futures finished with slight losses Friday as investors unwound the last of their positions in the spot May contract before deliveries are posted on Monday, brokers said.
London white sugar futures closed higher on Friday with renewed fund and speculative buying emerging after the market absorbed a bout of profit-taking, dealers said. Benchmark August settled up $1.10 at $473.50 per tonne, near the top of the day's range o
Base metals ended the week in blistering form, after copper, zinc and nickel all hit record peaks on the London Metal Exchange (LME), on Friday, as fund buying resumed after a sharp fall on Thursday, dealers said.
An aggressive sell-off in the silver market accelerated on Friday as speculators cashed in and beat prices down by 20 percent from the previous day's peak.
New York cocoa futures prices ended in the red Friday, depressed by light speculative selling in a quiet session dominated by spread-trading activity, market sources said.
Raw sugar futures finished higher Friday on late speculative buying in a session featuring switch trade as players roll out of positions in the spot contract before it expires next week, brokers said.
Wheat futures at the Chicago Board of Trade fell to 2-week lows early on Friday on forecasts for rains in the dry US Plains hard red winter wheat region, traders said.
Corn futures at the Chicago Board of Trade were weak early on Friday amid improved corn planting weather and on a plunge in wheat futures, traders said.
US copper futures climbed at the open on Friday, with the benchmark May contract breaching the $3.00 level, as fund buying returned to the market following Thursday's profit-taking shake-out, sources said.
Soyabean futures at the Chicago Board of Trade were slightly weaker early Friday on follow-through technical selling from Thursday and a bearish fundamental outlook, traders said.
Precious metals in New York climbed cautiously early on Friday, after Thursday's stunning drop on profit-taking and liquidation, with dealer buying offering support to gold and silver at sharply lower levels.
The Pakistan Medical Association and action committee of students of Nishtar Medical College (NMC) have jointly set up a hunger strike camp at the hospital against, what they claim, biased attitude of University of Health Sciences (UHS) towards southern P
The forth convocation of Ziauddin Medical University (ZMU) will be held on Saturday (April 22). Sindh Governor Dr Ishratul-Ibad, who is also the Patron of the University, will preside over the function.
Additional District and Sessions Judge Muhammad Zulfiqar Loon on Friday awarded death sentence and fine Rs 100,000 to an accused in a murder case of Mamukanjan police station.
On the directive of the Wafaqi Mohtasib, the Works Division has de-hired and handed over vacant possession of a house in Islamabad from a senior serving government officer to its rightful owner.
The inordinate delay in appointment of law officers to represent federal government in courts of Sindh attracted strong observations from a division bench of High Court of Sindh (SHC) comprising Chief Justice Sabihuddin Ahmed and Justice Nadeem Azhar Sidd
The chehlum of Mrs Tayyaba Khanum, wife of Farhat Saeed, Executive Director, State Bank of Pakistan, will be held on April 23 (Sunday) at Masjid/Imambargah Yasrib, Defence Housing Authority, Phase IV at 4.00 pm.
The government has made education free upto the matriculation level in order to increase literacy rate in Pakistan but on the other hand, there are very few government schools in the country and the students have to approach private schools to get educati
I have vowed never to attend any function where the President, the Prime Minister, and the Sindh Governor are the chief guests. I do not wish to waste hours waiting for them to show up, suffer the many security checks, take long walks from the parking lot
Twenty years after Sweden alerted the world to the meltdown at Chernobyl, it aims to phase out nuclear power and end dependency on fossil fuels, putting the country in the vanguard of green energy policy.
One of the worst consequences of black money and tax evasion is their pernicious effect on the general moral fabric of society. They put integrity at a discount and place a premium on vulgar and ostentatious display of wealth.
The government's plan to promote conservation of the country's fresh water resources and coastal wetlands is primed to address a sector that has so far received only marginal attention, though its contribution to the economy has been quite substantial.
In a much welcome move last week the government announced the setting up of a 'National Commission on Government Reforms' headed by a highly respected economist, administrator and a former governor of the State Bank of Pakistan, Dr Ishrat Hussain.
Punjab government, in collaboration with the United Nations Children Fund (Unicef), has launched a plan under the millennium goal to reduce under-five mortality rate (U5MR) by two-thirds, between 1990 and 2015, to assess levels of human development in 25