Private Saudi Al Othaim Jewellery Factory Group said on Monday it has bought 36 tonnes of raw gold from an African central bank for 1.8 billion riyals ($480 million).
Wheat imports by Tunisia, one of North Africa's leading grain buyers, rose 71 percent to 402,200 tonnes in the first quarter of this year compared with the same period last year, official figures showed on Monday.
Spot basis bids for corn and soyabeans rose along Midwest rivers on Monday as the cost of moving grain down waterways slipped for the first time in weeks, dealers said.
The International Coffee Organisation (ICO), the main governmental forum for the industry, must do more to help millions of poor small-scale farmers to survive and compete in the global market, development group Oxfam said on Monday.
Iran is seeking to secure a medium-sized tanker for dirty petroleum product storage, after confirming the booking of a suezmax tanker last week, shipbrokers said on Monday.
Singapore bunker prices eased on Monday and its premium to fuel oil cargo values edged lower, as healthy prompt demand from shipowners kept the market from sliding further, traders said.
Modest business was seen on the grain market on Monday as most of the commodities maintained the week-end levels, dealers said. On the seeds side, cottonseed oilcake was up by Rs 5 to Rs 630-635 in process of low trading.
The chemicals trading ended both ways here on Jodia Bazar on Monday. The following variations were seen in caustic soda flakes Saudi down Re 1 to Rs 33, sodium sulphate down 10 paisa to Rs 7.80.
The Karachi Port handled 150,741 tonnes of cargo including 135,451 tonnes import, 15,290 tonnes export cargo and 3,863 containers during last 48 hours ending at 0700 hours on Monday.
A strategic review by the London Metal Exchange (LME) could result in the 129-year exchange being floated and, ultimately, closure of its traditional open-outcry floor.
A strategic review by the London Metal Exchange (LME) could result in the 129-year exchange being floated and, ultimately, closure of its traditional open-outcry floor.
Malaysia left its key interest rate steady at 3.50 percent on Monday, despite inflation near a 7-year high, calling a halt for now to a series of rate rises as consumers began to feel the pinch.
Iran will not export gas under a deal with a United Arab Emirates venture until it has secured a better price, Iran's oil minister said on Monday after a UAE firm said in May it hoped to receive gas this year.
A Dutch court sentenced the former chief executive and chief financial officer of supermarket group Ahold to suspended jail terms on Monday over one of Europe's largest financial scandals. The Ahold accounting scandal in 2003 pushed one of the world's lar
The International Monetary Fund in its new job as currency policeman will try and forge agreements among nations and regions on how to solve global imbalances, the IMF chief said on Monday. But Rodrigo Rato, the IMF's Managing Director, cautioned against
The eurozone unexpectedly swung to a trade surplus in March from a month earlier, first official estimates showed on Monday, confirming economic strengthening in the single currency area despite expensive oil.
Kazakhstan and Turkey have agreed to build an oil refinery on the Turkish shore of the Black Sea to process Kazakh crude, the Central Asian state's President Nursultan Nazarbayev said on Monday.
Sri Lanka and Yemen have been added to a list of high risk marine areas prone to acts of war and terrorism for merchant ships visiting ports and coastal regions, an industry body said on Monday.
China's central bank has pledged to work towards a more flexible exchange rate regime, but comments by government officials and researchers suggest greater liberalisation could still take some time.
US economic growth is likely to slow in the second half this year but inflation risks may prompt at least one more rate hike as the Federal Reserve nears the end of a two-year tightening campaign, a Reuters poll shows.
Gulf Arab firms and Deutsche Bank plan to raise a $2 billion Islamic private equity fund to invest in infrastructure in the Middle East, North Africa and South Asia.
German chipmaker Infineon has been selected by Microsoft as a development partner for prepaid and subscription computing, Infineon said in a statement on Monday.
Indian Prime Minister Manmohan Singh said on Monday the government would maintain fiscal discipline but could not keep subsidising energy consumption at current levels.
Germany and China agreed Monday to work together on the building of 500 Chinese trains in a deal signed during German Chancellor Angela Merkel's first full day of a visit to Beijing. The two nations signed a memorandum of understanding to allow technical
Philippines share prices closed little changed on Monday as the market consolidated with some light bargain hunting in blue chips offset by declines in the broader market, dealers said.
Thai share prices dropped 2.93 percent on Monday as selling spread across the board amid fears over rising US interest rates, dealers said. They said investors also dumped shares in line with a plunge in regional markets as the Indian stock market crashed
Singapore share prices plunged 3.1 percent on Monday after fears of rising US interest rates sparked massive sell-offs in global markets, dealers said.
Hong Kong stocks sank 3.11 percent on Monday in their biggest fall in two years amid sliding Asian markets and tumbling prices for gold and other metals, which triggered a sell-off in resource shares.
New Zealand share prices closed 0.70 percent lower on Monday as markets world-wide remain concerned by inflation and interest rate risks, dealers said.
Seoul stocks slid 2.5 percent to a fresh seven-week low on Monday as investors sold interest rate-sensitive shares, but Shinsegae jumped after it said it would buy the South Korean outlets of Wal-Mart Stores Inc.
Taiwan stocks fell 1.92 percent on Monday to a five-week closing low, as investors took quick profit on high-flying technology shares such as High Tech Computer Corp (HTC) after offshore investors sold heavily.
Chinese shares inched down on Monday as investors sold metals counters such as Jiangxi Copper amid falling prices for copper and zinc. The benchmark Shanghai composite index closed at 1,657.689 points, down 0.11 percent. It has still jumped 43 percent sin
The New York Stock Exchange unveiled an 8 billion euro ($10.2 billion) share and cash bid for Euronext, opening the way to a possible bid battle with Deutsche Boerse just a day before an annual meeting where Euronext shareholders could decide on its futur
Australian share prices slumped 1.37 percent on Monday as investors sold resource stocks following sharp falls in commodity markets on Friday dealers said. The benchmark S and P/ASX 200 index fell 70.1 points to 5,030.8 and the broader All Ordinaries Inde
Indian share prices recovered from a 10 percent plunge on Monday that halted trading for an hour to close down 4.18 percent as domestic funds helped prop the market, dealers said.
Indonesian share prices slumped 6.03 percent on Monday on another massive profit-taking binge by foreign investors amid a weakening rupiah and tumbling regional markets, dealers said.
The Nikkei average fell 1.84 percent on Monday to close below 16,000 for the first time in more than two months, as investors dumped Fanuc Ltd and other tech exporters amid concerns about the US economy.
Interbank buy/sell rates for the taka against the dollar on Monday. 69.10/69.20 (previous 69.13/69.20). Call Money Rates: 13.00-28.00 percent (previous 12.00-30.00 percent).
The Indian rupee pulled off its 2006 low on Monday and erased nearly all its losses against the US dollar on the back of suspected central bank intervention and a partial recovery in India's stock market.
The Swiss franc traded near flat against the euro on Monday compared with last Friday's close though still weaker than its average level last week ahead of retail sales data later in the session.
The Australian dollar tumbled to a one-month low against the US dollar and an 11-month low versus the safe-haven Swiss franc on Monday as risk-averse investors spurned commodities and commodity bloc currencies.
The Indonesian rupiah and Malaysian ringgit led other Asian currencies lower on Monday, as worries about accelerating inflation and high US interest rates led to growing risk aversion among global investors.
China's yuan edged down against the dollar to close at its lowest level in more than seven weeks on Monday as key Chinese state-owned banks, spurred by the strength of the US currency on global markets, bought dollar finished at 8.0260 to the dollar, comp
Martina Hingis' win in Rome on Sunday has earned her a place in the top 15 in the latest WTA world rankings released on Monday. Hingis, who was winning for the first time since her comeback in January, moved up seven places to 14th behind world number one
He might not have won a regular place in Chelsea's starting line-up, but Michael Essien certainly made a mark during his first season in England. About half-way up Didi Hamann's leg.
West Indies named an unchanged 14-man squad for the third one-dayer against visiting India to be played in St. Kitts on Tuesday, the board's Web site said.
Guus Hiddink believes five-times champions Brazil will have a fight on their hands against World Cup tyros Australia in their group match in Munich next month.
Martina Hingis will be hoping that recent history repeats itself as she returns to Roland Garros for the first time in five years a week after winning the Rome Masters.
England captain David Beckham wants to stay in Spain even after retiring from football, the Real Madrid midfielder said in an interview to be screened on Tuesday.
Tim Herron sank a 10-foot birdie putt on the second playoff hole to defeat Sweden's Richard S. Johnson and give the American his fourth career PGA title on Sunday at the Colonial Tournament.
Four years ago, before Colombian President Alvaro Uribe started his crackdown on Marndean farming town of Viota could hardly make a move without permission from local guerrilla leaders.
Veteran Spanish director Pedro Almodovar leads the early running in Cannes this year with his bitter-sweet comedy "Volver", as European cinema overshadows Hollywood at the world's biggest film festival.
Women who gain weight as adults face a higher lifetime risk of all types of breast cancer, researchers reported on Monday. The study adds to a large body of evidence showing that weight and breast cancer can be closely linked.
The 2006 Atlantic hurricane season will be very active, with up to 10 hurricanes, although not as busy as record-breaking 2005, when Hurricane Katrina and several monster storms slammed into the United States, the US government's top climate agency said o
Capping a year of tributes to his predecessor, Pope Benedict goes to Poland this week to urge John Paul's countrymen to defend their Christian heritage as they integrate into an increasingly secularised Europe.
China told visiting United Nations Secretary General Kofi Annan on Monday that it was "pivotal" to continue dialogue on the Iran nuclear issue, state media reported.
The World Health Organisation (WHO) announced the sudden death on Monday of Director General Lee Jong-Wook, stunning ministers and senior officials from 192 countries at the opening of the agency's flagship annual assembly.
British Prime Minister Tony Blair, on a surprise visit to Baghdad on Monday, pledged support for Iraq's new unity government in its efforts to stop the bloody slide towards civil war.
A new Hamas militia battled gunmen from a Fatah-dominated security force near the Palestinian parliament in Gaza on Monday in fresh clashes that killed a Jordanian driver and wounded six bystanders.
Prime Minister Manmohan Singh Monday pledged to continue the fight against terrorism, which he said posed a big threat to India's integrity. "Terrorism continues to pose a threat to our cohesiveness and national integrity," Singh said at a function to mar
Senior officials from the United States, Russia, China, France, Britain and Germany will meet in London on Wednesday to discuss the next steps on Iran's disputed nuclear programme, a British official confirmed on Monday.
A severe earthquake estimated to measure 6.7 on the Richter scale struck Monday in the northeastern Pacific coastal area of Russia, the Hong Kong observatory said.
The European Commission has drawn up a plan to provide tens of millions of dollars to run Palestinian ministries and pay staff in a bid to prevent the collapse of essential services, an EU official said on Monday.
President George W. Bush renewed his call Monday for a thorough reform of America's immigration laws, saying the US Congress must overhaul immigration in a way that is "safe, orderly and fair."
Montenegro ended nearly a century of formal ties to Serbia on Monday and won back its lost sovereignty in an independence referendum closing the final chapter in the story of Yugoslavia.
German Chancellor Angela Merkel said on Monday she and Chinese Premier Wen Jiabao agreed at talks in Beijing that Iran should not have nuclear weapons capability.
Saddam Hussein's trial over the killings of some 150 Shia in the 1980s degenerated into a shouting match on Monday after one of the fallen Iraqi dictator's female lawyers was thrown out of court.
Washington is building a stockpile of the anti-flu drug Tamiflu in Asia, US Secretary of Health and Human Services Mike Leaviit announced Monday. "Today I'm pleased to announce that the United States government has just deployed treatment courses of Tamif
Sterling hit its lowest in 11 days against the dollar on Monday but held relatively steady against the euro, deriving some support from merger and acquisition news.
The dollar rose on Monday, hitting a two-week high against the yen as volatility in global equity and commodity markets prompted investors to switch from riskier assets into cash.
Bonds in British retailer GUS fell and the cost of its credit default swaps rose on Monday after it said it had no plans to buy back $2 billion of outstanding bonds after a demerger.
Bonds in British retailer GUS fell and the cost of its credit default swaps rose on Monday after it said it had no plans to buy back $2 billion of outstanding bonds after a demerger.
US stocks slumped on Monday as investors bailed out of commodity-related shares and other risky assets in favour of safe-haven US government debt as uncertainty grew about rising interest rates and slowing growth.
UK stocks suffered another steep decline on Monday, wiping nearly 31 billion pounds off the FTSE 100's value and taking the index to its lowest close since mid-December, with resource stocks led by steelmaker Corus and miner Xstrata feeling the brunt of t
Cotton futures settled in negative territory, with follow-through speculative liquidation pushing benchmark fibre to a new contract low earlier in the session, market sources said.
London sugar futures closed slightly lower on Monday after recovering from earlier oil-led speculative selling across commodities. The benchmark August white sugar contract closed at $479.80 a tonne on Monday, down $1.20 from its Friday close.
Base metals maintained a recovery from early sessions lows on the London Metal Exchange (LME) on Monday, ending higher on covering, although market sentiment was tilting towards a more sober view of longer-term trends.
Oil rose sharply on Monday after Venezuela said swelling global inventories justify an Opec cut at the group's meeting next week and the US government predicted another busy hurricane season that could threaten rigs and refineries.
Volatile gold fell 3.5 percent to its lowest in nearly four weeks on Monday as a stronger dollar prompted selling, but pared losses when bargain-hunters jumped in.
World Wide Funds for Nature-Pakistan (WWF-P) is holding, for the first time in Pakistan a meeting of the Snow Leopard Network (SLN) committee from May 23-24 in Nathiagali in which key conservationists from Pakistan and around the world would meet.
Income Tax: (1) Income tax withheld at the time of realisation of export proceeds: final discharge of tax liability: Sub section 4 of Section 154, Income Tax Ordinance 2001 states that income tax deducted at the time of realisation of export procee
Income Tax: (1) Income tax withheld at the time of realisation of export proceeds: final discharge of tax liability: Sub section 4 of Section 154, Income Tax Ordinance 2001 states that income tax deducted at the time of realisation of export procee
In a city which is devoid or at least lacking in parks for the common people, it is heartening to note that parks and cities are being developed for Industries under various names "Textile City," Garment City" "NIP" etc.
Many know well how much I love my country, Pakistan. But when I observe the recurrent occurrences of acid throwing over rival men and women in particular, I feel embarrassed.
Merck & Co Inc's vaccine to prevent the world's most prevalent sexually transmitted infection sailed through a panel of US health experts, despite early fears of opposition from the Christian Right that it might lead to promiscuity and a false sense of se
In a Press release issued on May 9, 2006, the Central Board of Revenue (CBR) claimed that "it has paid sales tax refund amounting to Rs 29.2 billion till April 2006, clearing nearly all the backlog of cases, which were pending for the last so many years".
In less than three weeks' time there have been two major incidents of senseless violence in Occupied Kashmir. At least eight people were killed and 25 injured in Occupied Srinagar on Sunday when gunmen wearing police uniforms attacked a Congress party ral
The federal cabinet's decision to earmark funds in the next year's PSDP to acquire land for five mega water projects, including the Kalabagh Dam, demonstrates the government's firm resolve to go ahead with the dams' construction, consensus or no consensus
Inquiry Tribunal of Nishtar Park blast incident on Monday asked leaders, office bearers of as many as eleven religious organisations to appear in persons or through any of authorised representative or advocate, to present their viewpoint, theory of incide
Special Court for Suppression of Terrorist Activities on Monday allowed bail to PML-N MNA Khawaja Saad Rafiq in two different cases, while the Superintendent Jail Kot Lakhpat, released him after getting release orders.
The Lahore High Court (LHC) has dismissed a petition filed by President Watan Party (WP) challenging the appointments of judges in the higher courts against the principle of seniority.