Thai share prices closed 0.54 percent lower on Tuesday in line with other regional markets amid worries about the impact of oil prices on the global economy, dealers said.
The Nikkei average slid 1.99 percent on Tuesday, extending losses into a sixth session, as a fall in commodities prices prompted heavy selling of Sumitomo Metal Mining Co and other energy and resources-related shares.
Chinese shares closed down 3.05 percent on Tuesday, a day after scaling nearly two-year highs, as investors sold shares in metals companies due to falling global prices for copper and aluminium.
Singapore share prices closed 0.83 percent lower on Tuesday as investors concerned over rising interest rates continued to lock in profits, dealers said.
Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.24/69.30 (previous 69.30/69.49). Call Money Rates: 9.00-20.00 percent (previous 9.00-22.00 percent).
The Swiss franc traded within sight of multi-months highs against the euro on Tuesday, with foreign exchange markets widely expecting the franc to strengthen further against the single currency.
China's yuan ended unchanged on Tuesday above 8.0000 per dollar, one day after strengthening beyond that psychologically important barrier for the first time since its revaluation last July.
The Indian rupee hit a fresh 6-month trough against the dollar on Tuesday but ended off the day's low after a recovery in local shares and a suspected touch of central bank intervention to curb its losses.
The yen rose on Tuesday as dollar short covering eased on a recovery in the price of gold and other commodities, and as investors awaited economic data for clues about when the Federal Reserve will stop raising interest rates.
The dollar gained broadly on Monday, staging its largest one-day rally versus the euro in a month, as a sharp fall in gold and other commodity prices gave the greenback some respite from its relentless bear trend.
The Indonesian rupiah slid more than 3 percent on Tuesday for the second straight day, leading a drop in Asian currencies as foreign investors pulled out of local stocks and bonds in a sign of decreasing risk appetite.
The Hong Kong dollar was trapped in a narrow range on Tuesday in cautious trade as the stock market remained under selling pressure. The currency was trading at 7.7532/33 to the US dollar, little changed from Monday's close of 7.7531/33.
Sri Lanka acting captain Mahela Jayawardene's superb rearguard action that helped to draw the first Test against England at Lord's has earned him a reward in the LG ICC Player Rankings for Test batsmen.
Britain's Andy Murray scored his best win for several weeks when he beat Gael Monfils of France in a battle between two 19-year-olds tipped as Grand Slam winners of the future.
England captain Andrew Flintoff insisted there was "no doom and gloom" in the camp after nine dropped catches helped Sri Lanka achieve one of cricket's great escapes in the first Test.
Pakistan paceman Shoaib Akhtar Tuesday said he was gearing up for a duel against English fast bowlers after overcoming fitness problems. Akhtar, who underwent twin knee operations in February, faces a fitness test in 10 days to determine his availability
The new president of the Comoros islands denied on Tuesday he was an extremist who would promote Shariah law and antagonise the West. Ahmed Abdullah Mohamed Sambi, who won Sunday's election, said his priority was fighting poverty on the Indian Ocean archi
A second official at European aerospace and defence company EADS implicated in a smear scandal engulfing the French government has stepped down from his duties at the company.
A visit to the White House by the politician son of Egyptian President Hosni Mubarak indicates that the Egyptian government and the Bush administration both want to reduce tension over recent repression in Egypt.
Italy's president met political leaders on Tuesday before he was due to ask Romano Prodi to form a government to end more than a month of political limbo since the centre left narrowly won a national election.
Thailand's top judges, given the arduous job of ending a complex political and constitutional crisis after an abortive April general election, demanded on Tuesday the Election Commission resign.
A truce in Somalia's worst violence in a decade was in danger of collapse on Tuesday after gunmen ambushed a prominent warlord and killed at least two of his men.
French Prime Minister Dominique de Villepin accused the left-wing opposition on Tuesday of stoking unfounded rumours in a dirty tricks scandal by calling for a parliamentary censure vote that it could not possibly win.
US President George W. Bush met at the White House Tuesday with Australian Prime Minister John Howard for talks focusing on international security, the war on terror, and developments in Iraq.
Countries including Canada are expressing interest in a US-led six-nation scheme to combat global warming set up after Washington rejected the UN's Kyoto Protocol, a US official said on Tuesday.
Hundreds of Nepalis took to the streets of the capital on Tuesday, burning tyres, uprooting pavement barriers and blocking roads as they protested against a delay in plans to curtail the king's powers.
The EU's three biggest powers plan to offer Iran a light-water nuclear reactor as part of a package of incentives if Tehran agrees to freeze its uranium enrichment programme, EU diplomats said on Tuesday.
The Afghan government unveiled an ambitious plan Tuesday for a "generation that lost its childhood," vowing to help those forced by war and poverty into militias, early marriage or onto the streets.
Coalition forces have killed four "extremists" in an airstrike on a suspected militant hideout in south-eastern Afghanistan, the US military said Tuesday. There were no injuries or damage to civilians or property during Monday's strike in Uruzgan province
Lawmakers in Uganda's first multi-party parliament in two decades took their oaths of office on Tuesday after being elected in February following the repeal of a ban on political pluralism.
The US government has agreed to release video film Tuesday showing a hijacked jetliner strike the Pentagon on September 11, 2001. Taken by surveillance cameras in the Pentagon parking lot, the images have been the subject of lawsuits prompted in part by c
South Korea indicted the chairman of Hyundai Motor on charges of embezzling company funds, part a drive to crack down on allegedly shady business practices at family-run chaebol conglomerates.
Saudi Arabia's King Abdullah said the wealthy Gulf Arab kingdom plans a risk-free fund for ordinary Saudis to trade on the bourse after a recent crash impoverished hundreds of thousands of citizens.
Saudi Arabia's King Abdullah said the wealthy Gulf Arab kingdom plans a risk-free fund for ordinary Saudis to trade on the bourse after a recent crash impoverished hundreds of thousands of citizens.
A strong earthquake struck off the west coast of Indonesia's Sumatra island on Tuesday, the US Geological Survey said, but there was no risk of a major tsunami. The magnitude 6.8 quake struck 270 km (165 miles) south-west of Sibolga.
Gang violence rocking Brazil's Sao Paulo state since Friday has claimed a total of 133 lives, authorities said Tuesday. The new toll came after police tallied 18 inmates killed in the prison rioting that ended Monday, added to a new total of 115 people ki
The Security Council on Tuesday pressed Sudan's reluctant government to let UN military experts into Darfur within a week to plan for a UN peacekeeping force to move into the region later this year.
Denmark said Tuesday it would give seven million kroner (1.2 million dollars, 940,000 euros) in emergency humanitarian aid to the UN agency for Palestinian refugees to help ease the financial crisis brought on by the international boycott of the Hamas gov
Sterling rose against the dollar on Tuesday after disappointing US data, while it ticked down versus the euro, shrugging off UK inflation data and a survey showing a rebound in house price growth in England and Wales.
The dollar ticked lower against the euro and the yen on Tuesday, ahead of US economic data and speeches from Federal Reserve policymakers that could shed light on whether US interest rates are near a peak.
European corporate bonds fell on Tuesday, extending recent losses as concern over inflation and declining equities dampened investor appetite for credit.
European corporate bonds fell on Tuesday, extending recent losses as concern over inflation and declining equities dampened investor appetite for credit.
US blue chip stocks inched higher on Tuesday, buoyed by Boeing Co shares a day after the US defence contractor agreed to settle a government probe, while weak sales from office supply retailer Staples drove down its stock and dragged on the Nasdaq.
Seoul shares nearly wiped out their 2006 gains on Tuesday, with foreigners leading a sell-off of steel makers such as POSCO after a drop in commodity prices raised worries of slower global demand for products such as steel or zinc.
Britain's top shares closed slightly higher on Tuesday, stemming a steep four-day sell-off, but cruise operator Carnival tumbled after it reduced its earnings outlook.
Brazil's farm sector, which accounts for 40 percent of trade revenues, protested in the national capital Brasilia on Tuesday and demanded more government aid to weather its current crisis.
Food and drink makers in the European Union using phrases such as "low fat", "high energy" or "low alcohol" on products will have to use stricter definitions following a vote by EU lawmakers on Tuesday.
French soft wheat exports fell 3 percent year-on-year in the first nine months of the July-June season to 11.38 million tonnes from 11.72 million in the same period last season, official customs figures showed on Tuesday.
Cotton futures closed slightly softer Tuesday on sales by small speculators in quiet business with most players waiting for the release later this week of the average world price (AWP) of cotton to give direction to the market, analysts said.
London Metal Exchange (LME) prices closed higher on Tuesday, reversing direction after early losses, but the recent pattern of nerve-jarring volatility may persist, analysts said.
Gold bounced from one-week lows in Europe on Tuesday after support around $675.00 an ounce held and as a weaker dollar encouraged buyers back into a market battered by Monday's heavy price fall, traders said.
Arabica coffee futures finished up nearly 1 percent Tuesday, boosted by light fund buying and speculative short-covering in the wake of three straight days of sharp price declines, traders said.
Raw sugar futures finished lower Tuesday on speculative fund sales but trade and consumer buying cut short their losses which may allow the market to consolidate in the days ahead, brokers said.
Wheat futures on the Chicago Board of Trade were higher at midsession on Tuesday, rallying from a choppy start on news that Iraq tendered for 1.5 million tonnes of wheat, traders said.
COMEX copper futures were slightly higher in volatile early business on Tuesday, with the market receiving support from a weaker dollar and a US economic report that showed a benign core inflation reading for April, sources said.
Soyabean futures at the Chicago Board of Trade were weak early Tuesday on follow-through technical selling from Monday, traders said. The market fell 5 to 6 cents per bushel on the open, with the July contract slipping below $6. July soya found support at
US precious metals bounced on bargain hunting and currency-based buying early on Tuesday, though dealings stayed a bit thin after a dramatic one-day profit-taking correction from recent multiyear peaks.
Immediate financial assistance is required to keep a key pediatric unit running at the main hospital in the quake-hit Battagram district of NWFP, said Pakistan Pediatric Association (PPA) officials on Tuesday.
Mechanism of Recovery: The tax should be an identified or ascertained amount on the basis of assessment by a tax official or by the assessee. Recovery proceedings get underway in relation to a subsisting assessment under the law. Recovery follows a
Both Ms Benazir and Nawaz Sharif have admitted that they made mistakes in the past and they will not repeat it again, if they get power through the democratic process. I want to know how the nation will recover the 10-year losses due to their mistakes?
This is with reference to different news items published in the dailies regarding new 5-star hotels coming up in Lahore and Karachi soon. I want to bring the attention of the government officials and investors to look at Quetta.
While addressing the convocation of the University of Veterinary and Animal Sciences (UVAS), President Musharraf very rightly pinpointed corruption and nepotism as the two evils, which is the root cause of all the problems confronting Pakistan.
The financial system in Pakistan has grown substantially, benefiting from multi-pronged financial reforms. These reforms have been pursued persistently and vigorously over a decade or so and have supported economic growth.
According to a news agency report from Paris, as France observed the first national day to commemorate the end of this dark chapter of history more than 150 years ago, the occasion was spoiled by fresh questions over the country's colonial legacy.
The foreign trade situation of the country seems to be deteriorating every month. According to the latest data released by the Federal Bureau of Statistics (FBS) on 12th May, 2006, Pakistan's trade deficit widened by 93.65 percent to 9.427 billion dollars
The wheat procurement process is in full swing in Sialkot and Narowal districts and it is expected that as many as 720,000 wheat bags would be purchased from growers in the two districts.
United States instead of Europe has now become the largest market for Pakistani bedwear. Pakistan Bedwear Exporters Association Chairman, Shabbir Ahmad told a private TV channel that the exports to the European Union fell in the wake of anti-dumping duty,
Punjab Vocational Training Council (PVTC) Chairman Sikandar Mustafa Khan has approved further expansion of Vocational Training Institute (VTI) of Daultala near Gujar Khan, Rawalpindi district by adding two more trades for trainees.
The Punjab government has initiated an action plan for the development of small and medium industries to ensure strong industrial base in the province.
A meeting of FM Radio stations and Satellite TV channels' managements on content policy was held here on Tuesday at the Pemra regional office. It was mutually agreed that moral and cultural values of Pakistan needed to uphold, and in order to achieve that
Over 4.2 million acres of land would be brought under paddy crop during Kharif season this year in various rice growing areas of Punjab, official sources in Agriculture department told Business Recorder on Tuesday.
The National Assembly body will take up the leasing out of Railways Golf Club at through away prices on Wednesday in Lahore. The Standing Committee on Railways is scheduled to meet in Pakistan Railway Headquarter, Lahore, with MNA Sardar Tufail Ahmed in t
The special funds of Rs 5 million given to every MNA and Senator came up for heated discussion during the Question Hour in the Senate on Tuesday. While a Senator from opposition termed this a bribe, some others from the treasury regarded it essential for
The government of President General Pervez Musharraf has given the women for the first time representation at grass-roots level and at National Assembly and the Senate. This was stated by the Federal Minister for Local Government and Rural Development, fo
Country exposed to major problems of health care needs to initiate serious and relevant research studies on regular basis to help formulate pragmatic public health policy.
Pakistan and Iran are expected to take up the matter of launching a ferry service between the two countries on June 11-12. The much-awaited ferry service would link Gwadar port with Iran's Chahbabar port.
Foreign investments in Pakistan stock markets during the 10 months of the current fiscal year amounted to $354.6 million. US with $296.1 million of investments topped the list among the countries investing in Pakistani stock markets.
A multi-dimensional plan, costing over two billion rupees, has been initiated to weed out the backwardness and to provide basic facilities to the people of Chawinda of Sialkot district.
A total of Rs 20 billion will be distributed among the survivors of October 8th devastating earthquake for construction of houses in AJK and NWFP, by June 30th, Chairman of the Earthquake Reconstruction and Rehabilitation Authority (Erra), Altaf M Saleem
The NWFP Minister for Health Inayatullah has disclosed that the newly completed Kidneys Diseasess Centre located at Hayatabad Medical Complex Peshawar will be fully operationlised by September this year.
The nine-member task force, constituted for reviving of the tourism and hotel industry in the quake-hit areas, will meet on Wednesday to evolve a feasible strategy to rebuild the infrastructure in the affected areas.
The Lahore High Court (LHC), while setting aside the conviction awarded to former MNA Mian Rashid in absentia, remanded the case to an accountability court. The accused was facing a reference and an accountability court had awarded him three years impriso
The National Accountability Bureau (NAB) has announced to pay cash rewards to those who provide prosecutable information to the Bureau about financial corruption.
The National Curriculum Revision Committee (NCRC) of the Higher Education Commission (HEC) has finalised the curriculum for the discipline of education being taught at public sector universities and institutions.
The NWFP government agreed in principle to provide Rs 101 million for the 15 projects in the Science Technology and Information Technology (STIT) sectors for the financial year 2006-07 which is double against Rs 55 million of the last financial year.
The Allama Iqbal Open University (AIOU) will hold entry test for admission for MS/M Phill and Ph.D programmes on Sunday, May 21 at 10:00 am in the University Auditorium in sector H-8 here, says a press release.
The Debating Society of GC University Lahore has lifted the 'All Pakistan Parliamentary Style English Debating Championship Trophy' held at the King Edward Medical University (KEMU).
The Islamabad Chamber of Commerce and Industry (ICCI) has recommended to the government to bring down the Sales Tax by 2.5 percent annually and broaden the tax base to balance the budget.
The Islamabad Chamber of Commerce and Industry (ICCI) has recommended to the government to bring down the Sales Tax by 2.5 percent annually and broaden the tax base to balance the budget.
The provincial government in collaboration with World Bank is holding a two-day NWFP Development Forum from May 18 to 19 to invite domestic and foreign investors for making investment in the potential sectors of the province.
The Council of Gulshan-e-Iqbal Town has, through a resolution, increased the rent of exhibition hall at the Expo Centre and now it will be charged at Rs 5,000 per day. The resolution was adopted at the sixth session of the Gulshan-e-Iqbal Town Council mee