US Treasuries advanced for the second straight day on Tuesday, aided by signs that US inflation was subdued and that economic growth was slowing in the second quarter from its brisk first-quarter pace.
Indian share prices closed up nearly three percent on Wednesday, extending gains for a second day in line with a recovery by key Asian markets, as infrastructure stocks posted a strong performance, dealers said.
US stocks fell on Tuesday as lackluster results from retailers such as Home Depot Inc overshadowed government data on inflation that suggested the Federal Reserve could stop raising interest rates.
Hong Kong stocks tracked Asian markets higher on Wednesday as resource shares like Zijin Mining Co Ltd rose with commodity prices and easing interest rate worries buoyed HSBC and other local lenders.
Chinese shares rebounded on Wednesday, paring a steep decline in the previous session, as investors bought into index heavyweights such as Yangtze Power.
Taiwan stocks rose 0.66 percent on Wednesday, the first advance in four sessions, as gains in microchip heavyweights like Taiwan Semiconductor Manufacturing Co (TSMC) led a rebound from a three-week low.
Applied Materials Inc posted a higher quarterly profit on Tuesday as the world's top supplier of equipment for making microchips saw revenue jump by one-fifth due to growing demand for consumer electronics such as digital music players and cell phones.
Applied Materials Inc posted a higher quarterly profit on Tuesday as the world's top supplier of equipment for making microchips saw revenue jump by one-fifth due to growing demand for consumer electronics such as digital music players and cell phones.
Creditors of South Korea's Hynix Semiconductor Inc have named seven lead managers for a $2 billion deal to sell a stake in the world's second-biggest memory chip maker, a main creditor said on Wednesday.
Belgium's Agfa-Gevaert's operating profit improved as expected in the first quarter, but the imaging technology company warned that surging silver and aluminium prices would affect future results.
Belgium's Agfa-Gevaert's operating profit improved as expected in the first quarter, but the imaging technology company warned that surging silver and aluminium prices would affect future results.
Egyptian banks have reduced their lending to the private sector despite economic growth and the expansion of the private sector as a proportion of the economy, Investment Minister Mahmoud Mohieldin said on Tuesday.
The European Union could begin negotiations on a free trade agreement with the Association of Southeast Asian Nations (Asean) by the end of this year, its trade chief said on Wednesday.
US Treasury Secretary John Snow called on Wednesday for more help from overseas to unwind global imbalances, saying the best the United States could do was to keep its economy strong and reduce budget deficits.
Microsoft Corp will unveil new tools on Wednesday that make it easier for office workers to share and locate information as the company seeks to fend off rivals such as Google Inc in the enterprise software search market.
Prices of fuels for transport, gas and heating oil boosted eurozone inflation in April to an expected 2.4 percent year-on-year from 2.2 percent in March, the European Union's statistics agency said on Wednesday.
The European Union's top regulator has cranked up its campaign to open the bloc's energy markets, raiding gas firms in Germany, France, Italy, Belgium and Austria for suspected violations of antitrust rules.
The Bank of England's Monetary Policy Committee was split three ways on its decision to hold interest rates this month, with one member's vote for a rise bolstering expectations the next move will be up.
Hewlett-Packard Co on Wednesday said it would consolidate 85 data centres around the world into six large facilities in the United States, hoping to save $1 billion annually in coming years.
Tokyo rubber futures jumped nearly 3 percent by the daily limit to a new 22-year high on Wednesday as lingering tight supply situations prompted heavy bargain-hunting following falls the previous day.
Soyabean futures at the Chicago Board of Trade closed lower on Tuesday on follow-through technical selling from Monday amid outlooks for US soyabean supplies to mount in the coming year, traders said.
Raw sugar futures finished lower on 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.
Export prices for rice in Vietnam extended gains in the past week on robust demand from the Philippines, the Middle East and Africa, traders said on Wednesday.
Indonesia failed to sell a total of 4,500 tonnes of palm oil in government and private tenders on Wednesday due to low bids. Indonesia's biggest listed plantation firm, PT Astra Agro Lester TDK, failed to sell 2,500 tonnes of palm oil in a tender.
Oil prices edged higher for a second day towards $70 a barrel on Wednesday, halting recent sharp losses after US data showing milder-than-expected inflation helped soothe worries over high prices denting demand.
Ukraine, among the world's major sunflower oil producers, cut raw sunoil output 4.8 percent to 173,000 tonnes in April from 181,000 tonnes in March, the State Statistics Committee said on Wednesday.
Gold reversed losses and rose more than 2 percent to above $700 an ounce on Wednesday as Japanese futures rebounded after falling by the 60 yen daily limit the previous day.
Tokyo platinum futures bounced back strongly on Wednesday and approached the record high hit earlier this week on active bargain-hunting after prices tumbled by the 100-yen daily limit the previous day.
US precious metals ended with healthy gains on Tuesday, a day after suffering stiff losses in a commodity-wide sell off, and some traders said the dollar's decline was behind gold's dramatic reversal.
Comex copper futures closed firm on Tuesday, with prices ending just off their session peaks, as speculative money returned to the market following the sell-off on Monday, sources said.
Spring wheat futures at the Minneapolis Grain Exchange settled quietly higher on Tuesday, following strength in the Kansas City wheat market amid news of an Iraqi tender, traders said.
Arabica coffee futures finished up nearly 1 percent on Tuesday, boosted by light fund buying and speculative short-covering in the wake of three straight days of sharp price declines, traders said.
Uganda will guarantee the safety of an internationally wanted rebel leader if he gives up his 20-year insurgency before the end of July, President Yoweri Museveni said in a statement released late on Tuesday.
Archaeologists probing Peru's lifeless northern desert discovered a 1,500-year-old mummy that may unlock secrets of the Moche, one of the mysterious civilisations that once ruled the Andean nation.
Former Beatle Paul McCartney and his second wife Heather Mills have separated after four years of marriage, they confirmed in a statement on Wednesday, blaming media intrusion for the split.
Russian President Vladimir Putin seems ready to run the risk of staging a fractious affair when he hosts the G8 summit in July, rather than give ground to US criticism and lose face at home.
Pakistan and Libya on Wednesday agreed on enhanced co-operation in defence, security, energy, banking, trade and railway sectors, and expressed the resolve to boost their multifaceted ties in all spheres.
Nigerian President Olusegun Obasanjo has been wounded by the collapse of a campaign to extend his tenure, but analysts say it is too early to write him out of the script in next year's elections.
Pakistan and Libya on Wednesday agreed on enhanced co-operation in defence, security, energy, banking, trade and railway sectors, and expressed the resolve to boost their multifaceted ties in all spheres.
Former Roland Garros champion Anastasia Myskina played through a thigh injury to manage a patchy 6-0, 1-6, 6-4 victory over Italian Roberta Vinci to move into the third round of the Rome Masters on Wednesday.
Pakistan and Libya on Wednesday agreed on enhanced co-operation in defence, security, energy, banking, trade and railway sectors, and expressed the resolve to boost their multifaceted ties in all spheres.
Former French Open champion Gaston Gaudio lost a good lead, his shorts, and the match in an extraordinary series of upsets in one second round encounter in the Masters Series.
Leader of the Revolution Colonel Muarnmer Al-Qaddafi on Wednesday hosted a banquet in honour of Prime Minister Shaukat Aziz and members of his delegation.
Mahendra Dhoni sounded a warning to the West Indies ahead of the one-day series with an explosive 45 in India's 116-run victory over Jamaica here on Tuesday.
Leader of the Revolution Colonel Muarnmer Al-Qaddafi on Wednesday hosted a banquet in honour of Prime Minister Shaukat Aziz and members of his delegation.
Reeducated, reformed, raring to go. Olympic table tennis champion Chen Qi says he will not embarrass China again after a temper tantrum earnt him a series of punishments, including a week of hard labour.
Nato has launched talks with Pakistan on transporting supplies via the country to its expanding peacekeeping force in neighbouring Afghanistan, a spokesman said on Wednesday.
A hair-loss treatment advertisement featuring Australian cricket legend Shane Warne was found in breach of British advertising industry rules on Wednesday.
Nato has launched talks with Pakistan on transporting supplies via the country to its expanding peacekeeping force in neighbouring Afghanistan, a spokesman said on Wednesday.
New Thai sensation Prom Meesawat is primed for a solid outing at the Macau Open this week after a well-earned rest following his maiden Asian Tour title in South Korea two weeks ago.
President General Pervez Musharraf on Wednesday called for focus on value addition in the textiles and vowed to facilitate the vital sector of the economy in tapping its full potential and maximising exports to world markets. He was speaking at the annual
President General Pervez Musharraf on Wednesday called for focus on value addition in the textiles and vowed to facilitate the vital sector of the economy in tapping its full potential and maximising exports to world markets. He was speaking at the annual
Corporate governance is about promoting corporate fairness transparency and accountability. It is the system by which companies are directed and controlled.
President General Pervez Musharraf on Wednesday called for focus on value addition in the textiles and vowed to facilitate the vital sector of the economy in tapping its full potential and maximising exports to world markets. He was speaking at the annual
The international market is excessively competitive. This scenario suggests that our industrial concerns should take drastic measures to manage their corporate processes, projects, resources, and knowledge. In these five major classifications, knowledge i
Pakistan will launch Rs 10 billion investment bonds this week after nearly two years. The State Bank of Pakistan (SBP) will auction on Thursday a Rs 5 billion ($83.3 million) worth of three-year bonds, a Rs 3 billion worth of five-year issue, and a Rs 2 b
The conscious need of securing the future of individual and the family unit and to promote savings through life insurance is one of the prime economic area the present Government is focusing on.
Pakistan will launch Rs 10 billion investment bonds this week after nearly two years. The State Bank of Pakistan (SBP) will auction on Thursday a Rs 5 billion ($83.3 million) worth of three-year bonds, a Rs 3 billion worth of five-year issue, and a Rs 2 b
Century Insurance Company Limited (CICL) is a general insurance company operating since 1989. It is listed on the stock exchanges of Pakistan and is a member company of the prestigious Lakson Group, one of the largest and most progressive business groups
Hamza Sheikh, 15, of Head Start School Rawalpindi has won the second prize in the category of chemistry in the world's largest event for high school science students.
1994 saw the beginning of the largest Pak-China joint venture in the private sector of Pakistan. China Qingqi Group's (CQG) vast and diverse experience has brought to light the enormous success and the vast future potential of Plum Qingqi Motors Limited.
The Sui Northern Gas Pipeline Company Limited (SNGPL) has asked all defaulting consumers, who have not updated their security deposits, to immediately provide the same equivalent to their 90 days gas consumption, according to the provision of their Gas Sa
Oil & Gas Development Company Limited was originally established as a statutory corporation in pursuance of an agreement with the USSR in 1961 to undertake a planned and systematic exploratory programme and to promote Pakistan's oil and gas prospects.
President General Pervez Musharraf on Wednesday said reforms in the education sector should aim at equipping the younger generation with necessary tools of progress in the era of knowledge-driven economies as well as grooming them into dynamic and enlight
Pakistan Oilfields Limited (POL) is a subsidiary of "The Attock Oil Company Limited" (AOC). Subsequent to the promulgation of the Pakistan Petroleum Production Rules 1949, POL was incorporated as a Pakistani Oil & Gas Exploration and Production Company on
President General Pervez Musharraf on Wednesday said reforms in the education sector should aim at equipping the younger generation with necessary tools of progress in the era of knowledge-driven economies as well as grooming them into dynamic and enlight
State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has advised the business community to suggest amendments in long-term machinery finance scheme and locally made machinery finance (LMM) scheme for their better utilisation.
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
State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has advised the business community to suggest amendments in long-term machinery finance scheme and locally made machinery finance (LMM) scheme for their better utilisation.
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
State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has advised the business community to suggest amendments in long-term machinery finance scheme and locally made machinery finance (LMM) scheme for their better utilisation.
National Tax Number (NTN) may become mandatory for opening of bank account, seeking credit cards, loans, commercial and industrial connections of electricity/natural gas and buying/selling of property in urban areas.
National Tax Number (NTN) may become mandatory for opening of bank account, seeking credit cards, loans, commercial and industrial connections of electricity/natural gas and buying/selling of property in urban areas.
National Tax Number (NTN) may become mandatory for opening of bank account, seeking credit cards, loans, commercial and industrial connections of electricity/natural gas and buying/selling of property in urban areas.
Remittance from overseas Pakistanis in first 10 months of the current fiscal year recorded a growth of $178 million after inflows from the US, Saudi Arabia, UK and GCC countries improved sharply.
A girl was killed on Wednesday when suspected insurgents blew up a gas pipeline in Sui, while two policemen were shot dead in a separate attack. The seven-year-old girl was on her way to school with her mother when a bomb exploded near the pipeline in the
The government has waived 2 percent penal surcharge on the goods to be removed from the warehouses from May 17 to June 4. According to a notification issued on Tuesday, the Board has also allowed that overstayed imported goods could be kept in the warehou
The government has waived 2 percent penal surcharge on the goods to be removed from the warehouses from May 17 to June 4. According to a notification issued on Tuesday, the Board has also allowed that overstayed imported goods could be kept in the warehou
The government has waived 2 percent penal surcharge on the goods to be removed from the warehouses from May 17 to June 4. According to a notification issued on Tuesday, the Board has also allowed that overstayed imported goods could be kept in the warehou
Indian officials on Wednesday rejected calls for an early withdrawal of troops from Indian Occupied Kashmir, saying militancy was spreading from the disputed territory to elsewhere in the country.