Hong Kong stocks ended down 0.49 percent on Friday after China raised interest rates for the first time in 18 months, but local property firms rallied in the afternoon, led by Cheung Kong (Holdings) Ltd.
Chadian authorities on Friday brushed aside calls to postpone a presidential election next week and said neither rebel threats of violence nor logistical obstacles would stop it going ahead.
The Hong Kong dollar inched higher on Friday, while long-dated interbank rates softened after the chairman of the US Federal Reserve hinted that an interest rate tightening campaign was nearing an end.
Asian currencies firmed on Friday, with some hitting multi-year highs, after a Chinese interest rate rise and as the Federal Reserve chief indicated that a series of US rate increases were nearing an end.
The dollar tumbled to a seven-month low against a basket of major currencies on Thursday after Federal Reserve chief Ben Bernanke gave the clearest signal yet that the current campaign of raising interest rates may be coming to an end.
The dollar was holding near a seven-month low against the euro on Friday after Fed chief Ben Bernanke gave the clearest sign yet the central bank's two-year campaign of raising interest rates may be coming to an end.
China's yuan strengthed against the dollar on Friday, the last trading day before a week-long Labour Day holiday, as the US currency continued to lose ground globally.
The Swiss franc remained close to three-month highs against the dollar on Friday as comments by the US Federal Reserve that it may soon stop raising interest rates continued to weigh on the greenback.
Philippines share prices closed 0.48 percent lower on Friday in a technical correction after recent gains took the market to near seven-year highs, dealers said.
The Nikkei average posted its lowest close in a month on Friday, dropping 1.22 percent as shares in Sony Corp tumbled after the electronics giant forecast a sharp profit decline this business year.
Indonesian share prices closed 0.69 percent lower on Friday as the market absorbed remaining profit-taking pressure, tracking declines in the region set off by China's interest rate hike, dealers said. They said blue chips Telkom, Indosat, Bank Central As
Thai share prices shed 0.22 percent on Friday after profit-taking in energy stocks following an easing of world oil prices, dealers said. They said global oil prices drifted lower Friday as concerns eased over tight US motor oil supplies, although traders
Singapore share prices closed 0.37 percent higher at an all-time high on Friday on gains in banking stocks ahead of the weekend, dealers said. Volume traded totalled 1.7 billion shares worth 2.1 billion Singapore dollars (1.3 billion US), there were 200 r
US Treasury debt prices rallied on Thursday after Federal Reserve Chairman Ben Bernanke said the Fed may pause its cycle of interest-rate increases. While leaving the door open to further moves, Bernanke's remarks to a congressional panel prompted a drast
US Treasury debt prices rallied on Thursday after Federal Reserve Chairman Ben Bernanke said the Fed may pause its cycle of interest-rate increases. While leaving the door open to further moves, Bernanke's remarks to a congressional panel prompted a drast
US stocks rose on Thursday after Federal Reserve Chairman Ben Bernanke said the Fed may pause in its 22-month cycle of raising borrowing costs, lifting shares of interest-rate sensitive companies such as banks and utilities.
French President Jacques Chirac on Friday proposed the creation of a special account at the World Bank to channel international aid funds to the Palestinians and head off an impending financial meltdown in the territories.
Taiwan stocks rose 0.5 percent to a fresh 5-1/2-year closing high on Friday, with ASE leading the gains after the government lifted a ban on local chip packaging and testing firms building plants in China. The main TAIEX share index ended up 35.56 points
Tucked away in a nondescript building in india's high-tech city, Nawal Gani sits in her drawing room drying coffee cups after yet another session of telling people's fortunes.
US and Canadian officials on Thursday agreed to end a longstanding, bitter, 4.5 billion dollar trade row over softwood construction lumber tariffs. "I am delighted to announce to you that we have reached an agreement that will finally put an end to the so
Thousands of Nepalis surrounded the gates of the country's revived parliament on Friday, waving party flags and chanting slogans to keep up pressure for a new constitution after weeks of street protests.
Sri Lanka's military held off air strikes on Tamil Tiger rebel targets for a second day on Friday as aid workers took stock of the civilian damage, but both sides warned they would attack again if provoked.
China is taking yet another stab at showing a sceptical world that it is tackling copyright piracy, a problem that costs US business alone an estimated $250 billion a year in lost sales.
Arab states attract only 1.0 percent of global foreign investment despite the need to cut sky-high unemployment because reforms required to make them more attractive have not been made, bankers said on Friday.
Siemens could cut about 1,000 jobs at its telecoms equipment unit in Germany, it said on Friday, taking another step in a gradual restructuring of its ailing Com unit to adjust to harsh market conditions.
Siemens could cut about 1,000 jobs at its telecoms equipment unit in Germany, it said on Friday, taking another step in a gradual restructuring of its ailing Com unit to adjust to harsh market conditions.
President George W. Bush on Friday approved a Dubai-owned company's $1.24 billion take-over of Doncasters, a British engineering company with US plants that supply the Pentagon, the White House said on Friday.
Microsoft violated antitrust law to "double lock" a virtual monopoly it holds on personal computer operating systems, a European Commission lawyer told a court on Friday.
Developing nations and rich countries face a showdown on Friday over UN management reform proposals that could lead to a drastic cut off in funds to the United Nations.
The Bank of Japan said on Friday it expected inflation to pick up over the next two years on the back of steady economic growth, reinforcing expectations that it may end an era of zero interest rates as early as in July.
Japanese Economics Minister Kaoru Yosano, speaking after the release of consumer price data on Friday, said that concerns over price rises could emerge within the next six months to a year. "I think there could come a time, within the next six months to a
Debutant Mark Cosgrove struck an attractive half-century as Australia raced to a nine-wicket win over Bangladesh in the third and final one-dayer here on Friday.
Oil climbed above $72 a barrel Friday after the world's nuclear watchdog confirmed that Iran has flouted demands to stop enriching uranium, renewing worries about threats to oil supply.
Gold prices may extend their rally for at least another two to three years, supported by strong physical and investment demand, supply constraints and world political tensions, a fund manager said on Thursday.
Coffee futures may spike next year because of a looming shortage of green coffee beans caused by growing consumer demand coupled with an off year in Brazil's biennial crop cycle.
UK stocks ended down on Friday, suffering their biggest weekly fall since October, as oil stocks such as BP fell and reassuring US data failed to offset concern triggered by China's interest rate hike.
Seoul shares posted their biggest fall in eight weeks on Friday, led by firms reliant on China such as steel maker POSCO, after Beijing raised interest rates, creating worries about slowing demand in South Korea's top export market.
Chinese shares ended on Friday at their highest level in 19 months as investors bought banking stocks after the central bank surprised markets by raising the country's lending rates for the first time in 18 months.
Europe's Itraxx Crossover index tightened sharply on Friday, with spreads falling the most in one day since the current series was introduced to hit record tight levels, traders said. The index, made up largely of high-yield credits, tightened 10 basis po
Europe's Itraxx Crossover index tightened sharply on Friday, with spreads falling the most in one day since the current series was introduced to hit record tight levels, traders said. The index, made up largely of high-yield credits, tightened 10 basis po
US tech stocks dropped on Friday after a disappointing profit outlook from Microsoft Corp, but the broad Standard & Poor's 500 index was higher on news that economic growth picked up in the first quarter.
Indian share prices plunged on Friday after regulators accused two dozen brokerages of manipulating public offerings, but the market quickly bounced back to end higher as investors saw buying opportunities.
The dollar slipped on Friday, extending losses against a basket of major currencies into a sixth session after a report showing robust US economic growth did little to overturn the market's view that interest rates are close to a peak.
Sterling rose more than half a percent to 7-month highs against the dollar and hit its highest in three days against the euro on Friday, buoyed by broad dollar weakness and upbeat UK data.
The Indian rupee gained past a psychologically key 45-per-dollar mark on Friday as the dollar fell overseas after the US Federal Reserve said it could pause in its rate tightening campaign.
A double century by captain Stephen Fleming and an unbeaten 93 by James Franklin took New Zealand past 500 on the second day of the second Test at Newlands on Friday.
West Indies and Zimbabwe enter their seven-match limited-overs international series that begins on Saturday and Sunday at the Antigua Recreation Ground with plenty to prove to themselves and the rest of the world.
Stanislas Wawrinka became the first man this week to crack the huge serve of Ivo Karlovic as he defeated the Croatian 4-6, 6-3, 6-4 to reach the semi-finals of the Barcelona Open here on Friday.
Cricket Australia on Friday opened a state-of-the-art facility that its Test team will use as a base while fine-tuning plans to regain the Ashes from England.
Injury-hit England captain Michael Vaughan is making "gradual progress" in his recovery from the knee problem that forced him home from the India tour, Yorkshire director of cricket David Byas reported Friday.
The United States signed an agreement on Friday to establish three military bases in Bulgaria as it shifts troops from old Cold War positions to smaller installations closer to the Middle East and Africa.
The Vatican stepped up its offensive against "The Da Vinci Code" on Friday when a top official close to Pope Benedict blasted the book as full of anti-Christian lies and urged Catholics to boycott the film.
French Prime Minister Dominique de Villepin denied on Friday that he was involved in a smear campaign against the man who could be his rival in next year's presidential race, Interior Minister Nicolas Sarkozy.
Afghan President Hamid Karzai marked the 14th anniversary of the defeat of a communist government on Friday with a call to the Taleban to give up their insurgency and rejoin society.
Two East Timorese civilians were killed during a protest in Dili Friday over the dismissal of nearly 600 soldiers, a hospital director said. Several thousand protestors took to the streets for the third time this week in support of the soldiers, who were
The US war on terrorism has made the world safer, the State Department's counterterrorism chief said on Friday, despite more than 11,000 terrorist attacks world-wide last year that killed 14,600 people.
Nepal's parliament opened on Friday for the first time in four years, but the country's 84-year-old prime minister-designate was too ill to attend the opening or his swearing-in ceremony.
American troops will probably be gone from Iraq by mid-2008 as the Iraqi forces they are training take over from them, Iraq's National Security Adviser Mowaffak al-Rubaie said on Friday.
Iraqi and US troops killed a leader of al Qaeda in Iraq on Friday and the city of Baquba was under curfew after at least 30 people died a day earlier in one of the biggest recent battles with insurgents.
Nato backed a plan on Friday to take foreign troop numbers in Afghanistan to their highest level since the Taleban's overthrow sending the alliance on what is set to be the toughest ground mission in its 58-year history.
Nato allies raised doubts on Friday over a US-backed plan to enhance ties with countries from Asia to Scandinavia, with some arguing the alliance should focus on more pressing security priorities nearer home.
Information Technology Ministry has approved Rs 39 million for the establishment of Very Long Scale Integrated (VLSI) System Design Centre to promote research and development in application of specific integrated circuits.
Rawalpindi Chamber of Commerce and Industry (RCCI) President Jalil Ahmad Malik has said that Pakistan and Thailand were enjoying cordial relations but the trade volume of dollars 332.47 million was insufficient.
Federal Minister for Railways Sheikh Rashid Ahmed has reiterated his resolve to make Pakistan Railways a profitable and self-reliant organisation saying that every year Railways spent billions on import of machinery and equipment, now efforts would be mad
Foreign Secretary Riaz Muhammad Khan on Thursday said Pakistan was opposed to "any use of force in the area" to resolve Iran issues. He said this in reply to a question at the joint Press briefing.
Zakat disbursement continues to decline during the first half of the current fiscal 2005-06, the Finance Ministry said. During the period under review, Zakat distribution amounted to Rs 922 million as against Rs 1.142 billion in the corresponding period o
Leading Indian film star Naseeruddin Shah has said the screening of Indian movies in Pakistan would prove beneficial for the Pakistani film industry, since it would promote a healthy competition.
Lahore Zoo is replacing the three dead tigers from the Raiwind Zoo; an official price tag one white tiger is Rs 600,000, while measures have been taken to protect the remaining tigers.
The 14th annual general meeting of EFU Life Assurance shareholders was held here on Friday with its Chairman Saifuddin N Zoomkawala in the chair, said a press release issued here on Friday.
The 14th annual general meeting of EFU Life Assurance shareholders was held here on Friday with its Chairman Saifuddin N Zoomkawala in the chair, said a press release issued here on Friday.
Unlike parliaments elsewhere, the National Assembly of Pakistan does not follow the yearly schedule. So when it met on Friday morning to begin its 35th session quite a few members wondered as to what was on the government's plate that it wanted the House
Outgoing Aga Khan University President Shamsh Kassim Lakha was honoured at a grand dinner hosted by the Chairman and Members of the University's Board of Trustees on Friday.
The Rabi-us-Sani moon has not been sighted and therefore the first of Rabi-us-Sani will be on Sunday, April 30. The Central Ruet-e-Hilal Committee Chairman Mufti Munib ur Rehman announced this, said a statement here on Friday.
The Bank of Khyber (BoK) would convert eight more branches into Islamic mode of banking and would launch new interest-free products by the end of the current calendar year after receiving encouraging response from the depositors in NWFP.
There were positive developments in Pakistan and India talks as they have agreed on some CBMs, Additional Secretary for Foreign Affairs Tariq Usman Haider said on Friday.
China cherished its co-operation with Pakistan to promote regional peace, stability and development in South Asia, said Chinese Foreign Ministry spokesman Qin Gang at a weekly news briefing.
The Norwegian government on Friday pledged a support of $8 million to strengthen the mother and child health care programme in Pakistan. Special Adviser to the Prime Minister of Norway Tore Godal made the pledge during a meeting with Federal Health Minist