China shares posted healthy gains on Friday as investors snapped up financial counters such as Merchants Bank after several days of weakness in the key index.
Thai share prices closed 2.35 percent higher on Friday, led by a rebound on Wall Street as the latest data on the US economy eased concern over rising US interest rates, dealers said. They said the market also jumped on bargain-hunting in blue chips, in l
The Nikkei rose 1.77 percent on Friday as investors, relieved by gains Wall Street and rebounds in emerging markets, picked up exporters such as Honda Motor Co Ltd and bank shares on earnings hopes.
Singapore share prices closed 1.69 percent higher on Friday, lifted by gains in property stocks ahead of the announcement of the winning bid for the city-state's first gaming licence, dealers said.
The Swiss franc traded almost unchanged against the euro on Friday, after the Ascension day holiday, as dealers steeled themselves for a raft of economic data next week.
China's yuan closed slightly weaker against the dollar after moving in a relatively wide range on Friday, continuing a week-long pattern of active intraday trading but only marginal changes at the close.
The dollar edged up in quiet trade on Friday, with position squaring by speculators giving the currency a boost as many market players stuck to the sidelines before much-awaited US inflation data later in the session.
The dollar slipped against the yen and euro on Thursday after a robust, but slightly weaker-than-expected reading of US economic growth failed to bolster expectations for a June rate increase.
The Indonesian rupiah led Asian currencies higher on Friday as weaker-than-expected US growth data helped alleviate concerns about rising US interest rates and lifted regional stocks.
Scotland boss Walter Smith reignited old rivalries with their neighbours on Thursday by admitting that he will not be supporting England at the World Cup.
Chris Smith, struggling through a difficult season, fired a bogey-free 64 on Thursday to take a two-shot lead after the first round of the 4.9 million-dollar St. Jude Classic.
Wayne Rooney will travel with England to the World Cup despite being told that he will be unable to resume full training before June 14 at the earliest, four days after his country's opening match.
Roger Federer gained an early psychological edge in his eagerly-awaited French Open duel against Rafael Nadal when he enjoyed the lion's share of fortune in Friday's draw.
Taiwan's Yeh Chang-ting shot a three-under-par 69 to share the halfway lead with Australian Scott Strange at the Philippine Open on Friday. Yeh, who won the title here in 1993, safely negotiated the treacherous Wack Wack Golf and Country Club's East cours
The streets of Dili were quiet and nearly deserted on Friday afternoon, a day after violent clashes between rival East Timorese factions, with no local police or military presence seen.
Global warming is hitting the poor the hardest and climate change could cause world-wide destabilisation if solutions are not found, one of the world's leading environmentalists said on Friday.
Terrified Mogadishu residents locked themselves in their homes as sporadic gunshots echoed over the tense and shattered capital on Friday in the wake of the worst militia violence in more than a decade.
Chickens are dying in unusually large numbers in a remote area in Indonesia where bird flu killed several members of a family, and experts say the first victim in the cluster was probably infected by a diseased chicken.
Two films at the Cannes film festival portray how the lack of jobs, money and social recognition in Europe can drive men to desperation. In "Colossal Youth", Portuguese director Pedro Costa tells the bleak tale of Cape Verdean worker Ventura, who lives on
Four policemen and 10 Taleban were killed in a fresh battle in Afghanistan Friday as a rights group said the civilian death toll from a coalition strike this week was more than double the official estimate.
China said Friday it will not participate in a maritime anti-terrorism exercise with Japan, the United States and three other countries this weekend, despite being slated for a central role.
A Russian judge sentenced the only surviving Beslan hostage-taker to life in jail on Friday, saying only an official ban had saved the young Chechen from execution for his part in the 2004 school siege.
More work has to be done on the landmark Indo-US nuclear deal before it goes through Congress, according to New Delhi's top diplomat. India's Foreign Secretary Shyam Saran spoke in London on Thursday after handing over to US Under Secretary of State Nicho
The Hamas-led Palestinian government ordered its new militia off Gaza's streets on Friday following clashes with President Mahmoud Abbas's Fatah movement that stirred fears of civil war.
The US Senate on Friday confirmed Air Force General Michael Hayden as CIA director in a vote that gave a broad bipartisan endorsement to the architect of President George W. Bush's domestic spying programme.
A senior Islamic Jihad official and his brother were killed in southern Lebanon on Friday in a car bombing the Palestinian group blamed on Israel. An Israeli government source said the Jewish state "has nothing to do" with the attack on Mahmoud Majzoub, k
Countries that are signed up to the Kyoto Protocol reaffirmed plans on Friday to set new, tougher caps on greenhouse gas emissions after 2012, despite spreading scepticism about the environmental pact.
UN Secretary General Kofi Annan on Friday made a direct appeal to Myanmar's junta leader to release pro-democracy icon Aung San Suu Kyi when her house arrest comes under review this weekend.
Iran has ruled out for now proposed talks with the United States over the future of Iraq because of Washington's "negative" attitude, Iranian Foreign Minister Manouchehr Mottaki said on Friday.
Russian President Vladimir Putin showed some openness this week to European Union demands that Moscow ratify an international energy pact, an EU source said, moving the sides closer together before a G8 summit in July.
The US Capitol was briefly locked down on Friday as police investigated the sound of gunfire in the garage of a House of Representatives office building, officials said.
British Prime Minister Tony Blair appealed on Friday for more international support for Iraq and urged quick reform of world bodies such as the United Nations, World Bank and IMF to tackle future crises like Iraq.
The Indian rupee snapped a two-day slide on Friday but still ended near 2006 lows after failing to hold at early session highs on sustained dollar demand from oil importers and on foreign fund outflows.
Sterling hit a two-week low against the dollar and the euro on Friday, taking a knock after weaker-than-expected mortgage approvals data for April and on position squaring before a holiday weekend.
The dollar held steady against the euro on Friday, with currencies stuck in ranges ahead of much-awaited US PCE inflation data later in the session and a long weekend in the United States and Britain.
US stocks rose on Friday as data on inflation and consumer confidence nearly matched forecasts, and shares of investment banks and General Motors Corp gained after brokerage upgrades.
Seoul stocks rose 2 percent on Friday as investors, cheered by a rally on Wall Street, snapped up recently battered shares such as top lender Kookmin Bank and Hynix Semiconductor.
Britain's leading shares cruised to their biggest weekly gain in over six months on Friday, ending a volatile week on an upbeat note as rallying banks, miners and oil stocks combined with moderate US inflation data to put the market firmly in positive ter
Asian utilities could turn to biofuels for power generation on a large scale if efforts to use palm oil to yield cleaner fuel could be used efficiently to ease the pain of $70 oil prices.
The US Agriculture Department proposed a rule on Friday to require most growers to store cotton indoors in order to be repaid by the government for the storage costs.
Oil held gains above $71 on Friday after a roller coaster week as investors balanced ample US gasoline supplies and inflationary fears against strong economic growth and concern over possible supply disruption.
Despite floods, bad weather and delayed sowings, Bulgaria's agriculture ministry raised its 2006 wheat crop estimate on Friday, saying it should meet domestic demand and allow exports.
Cotton futures finished near session highs on Friday, ahead of a long US holiday weekend, lifted by a light short-covering rally as some players worried about dry West Texas growing conditions, traders said.
London white sugar futures closed off two-month lows on fund and trade selling and position-squaring on Friday ahead of the long weekend, and traders said the market risked further falls.
Base metals ended the week on an upbeat note on the London Metal Exchange (LME) on Friday, with prices flipping up in late trade on end-week position-squaring, traders said.
Cocoa futures closed in negative territory for the sixth straight session Friday, with a rising dollar sparking a sell-off which pushed the benchmark contract to a 5-week low, traders said.
Benchmark arabica coffee futures closed at a new 8-month low Friday, extending this week's loss on speculative selling and origin sales as top coffee producer Brazil's harvest gathers pace, brokers said.
US raw sugar futures sunk to 4-months lows on Friday, breaking a key support as lower prices of white sugar in London and shock swings in commodities keep up selling pressure.
Wheat futures at the Chicago Board of Trade rose sharply early Friday as a near relentless heat wave posed a further threat to the US hard red winter wheat crop, traders said.
US copper futures were little changed early Friday in a shortened session ahead of the holiday weekend, directed by moves in the dollar and firmer equity markets, sources said.
Soyabean futures at the Chicago Board of Trade were up early Friday following soyaoil and crude oil higher amid a booming soya biodiesel market, traders said. Soyaoil has been hinged to the moves in crude oil this year as the United States looks to build
US gold futures rose early Friday and settled above $650 an ounce in thin, choppy trade as currency moves and a security scare at the US Capitol in Washington dominated dealings before a long holiday weekend.
Pakistan Seraiki Party (PSP) on Friday observed the sit-in at Chowk Kutchery as a protest against Punjab Chief Minister Chaudhry Pervaiz Elahi who did not announce mega as well as short term projects for Multan and Southern Punjab.
Punjab executives of Pakistan Peoples Party Parliamentarian (PPPP) will meet in the City on May 31. Qasim Zia head of provincial segment of the Party will chair the meeting.
Shopkeepers, businessmen and transport operators have planned to observe strike on Saturday in response to a call given by Sunni Tehrik (ST) as a protest against police and Sindh government's failure in apprehension of saboteurs who had planted bomb in Ni
Major General Salih Zeki COLAK, Chief of Turkish Land Forces along with 3-member delegation visited the provincial metropolis on the second leg of his official visit to Pakistan.
Multan City District Nazim Faisal Mukhtar has directed the engineers of Water and Sanitation Agency (Wasa) Multan to improve and restore sewerage system in a few days, otherwise they would be dealt with severely, as the entire city was flooded by stinking
A division bench of the Sindh High Court (SHC) on Thursday admitted a constitutional petition, filed by Pakistan Film Exhibitors Association, and issued notices to the respondents.
Punjab Ombudsman's annual report 2005 has been released on the internet at the official website of the office of Ombudsman Punjab ie www.ombudsmanpunjab. gov.pk. The report contains detailed account of working of the office of Ombudsman Punjab during 2005
Everyone in Pakistan these days looks depressed and finds no way to pull oneself out of his current state of mind as the psychosis among the masses is the result of 'pro-poor policies' of the political hierarchy.
The Senate Committee on Rules of Procedure and Privileges on Friday deliberated in detail on various amendments proposed in the Rules of Procedure of the Senate and unanimously made some amendments for incorporation in the existing rules.
The Senate Committee on Rules of Procedure and Privileges on Friday deliberated in detail on various amendments proposed in the Rules of Procedure of the Senate and unanimously made some amendments for incorporation in the existing rules.
This is with reference to a letter titled "Gas price increase" from Maqbool Ahmed, Secretary, Landhi Association of Trade and Industry, published in your esteemed newspaper on 6th May, 2006.
There can be no two opinions on the principal role that the textile and textile-related industry is playing in the employment and export sectors. More than 60% of the country's foreign exchange comes from this sector.
Adorned with lotus and papyrus columns, Egypt's top courthouse evokes the pharaonic temples of the country's ancient past. The Supreme Constitutional Court, built in 2000, marked the most prominent attempt in decades to revive the pharaonic style in Egypt
As an agrarian economy, agriculture constitutes its mainstay contributing 26% to GDP and provides raw materials for 80% of industry. Over 70% of the country's population is directly or indirectly dependent on the agriculture sector.
In a major policy initiative to revamp the vocational and technical training infrastructure, President Musharraf has approved a roadmap to improve the quality and quantum of workforce being produced in the country in order to synergies the availability of
The budget for 2006-07 to be announced in the first week of June, 2006 (probably June 5, according to an unconfirmed newspaper report) is in the last stages of preparation and tax proposals of various kinds are now being discussed and finalised.
The United Insurance Company (UIC) has launched the "Mobile Guard," an insurance plan for theft and snatching of mobile phone sets. "It is a latest addition in our "Guard Series" of products", said Dr Murtaza Mughal, Country Manager of UIC.
AlBaraka Banking Group (ABG) is launching Initial Public Offering (IPO) aims to raise 580 million-dollar. The subscription will commence from May 27 through a network of over 117 receiving branches in Qatar, the UAE, Bahrain and Oman.
AlBaraka Banking Group (ABG) is launching Initial Public Offering (IPO) aims to raise 580 million-dollar. The subscription will commence from May 27 through a network of over 117 receiving branches in Qatar, the UAE, Bahrain and Oman.
With a good mix of professional cabin crew having diverse backgrounds enriched with relevant experiences, PIA's in-flight services are poised to become second to none with national carrier's in-flight hospitality flying high in the sky.
The NWFP cabinet on Thursday increased penalty on installation of tape-recorders and use of pressure horns in public transport from Rs 200 and Rs 100 respectively to a unified figure of Rs 500 to discourage the practice.
Renowned international bridge player Zia Mahmood, called on President General Pervez Musharraf here on Friday. The President appreciated the role of the world famous bridge player in earning laurels for the country and for himself.
Chairman All Parties Hurriyat Conference (APHC) Mirwaiz Omer Farooq said on Friday the pro-Indian parties have gone in round table conference with big claims but the outcome at the end of the event was zero.
NWFP Senior Minister Siraj-ul-Haq has said that the province is facing numerous problems in respect of implementing social security programmes aiming at ameliorating the lot of the poor masses that included un-uniformed spread of such programmes in the pr
Chief Election Commissioner on Friday notified June 26 on Monday as the date for holding by-elections for the vacant seats of Union Nazims/Naib Union Nazims in Union Councils of Punjab, Sindh and Balochistan, said a press release.
The Ministry of Women Development (MoWD) has approved establishment of crisis centres for women in high crime areas of the country with the total cost of Rs 37.474 million. Sources told Business Recorder that the decision was taken in departmental
Muttahida Qaumi Movement (MQM) leadership has demanded of President General Pervez Musharraf, Prime Minister Shaukat Aziz, Punjab Governor Lieutenant General Khalid Maqbool (Retd) and Chief Minister Chaudhry Pervaiz Elahi to take immediate note of attack
Sindh Chief Minister Arbab Ghulam Rahim said on Thursday that economic position of the province was much better than two years ago when he took the charge of his office.
NWFP Governor Lieutenant General Ali Muhammad Jan Orakzai (retd) has said the people of Fata are blessed with God gifted qualities of head and heart, besides the abundance of natural resources, and it is the need of the hour that this natural wealth is pr
The Ministry of Education will submit to the government the first revised draft of curricula for primary, secondary and higher secondary levels in June for approval, which would be subsequently implemented to improve the dismal state of education in the c
A meeting of the cabinet committee on Works and Services was held in Peshawar on Friday with Provincial Minister for Information Technology Husain Ahmad Kanju in the chair.
Information Technology Minister Awais Ahmad Leghari has said that 10,000 internships would be offered to young IT graduates to fill the demand-supply gap of human resource in the industry.
New experiments and policies of the present government have created major problems in the country, including price hike, unemployment and the law and order situation. Mohammad Pervaiz Malik, PML-N Central Secretary Finance, expressed these views while add
Pakistan Muslim League (Nawaz) on Friday said that prices of essential kitchen items had increased by 200-300 percent during the last six years, belying the government's claim of giving any relief to the financially-squeezed common man.
The Senate Standing Committee on Education and Science and Technology which met here on Friday with Senator Mrs Razina Alam Khan in the chair has observed that putting education, science and technology in the priority sectors would place the country on th
Chairman National Reconstruction Bureau (NRB) Daniyal Aziz has said that Pakistan has taken a lead among the former British Colonies by dismantling the 150 year old colonial administrative structure and introducing an effective democratic system at the lo
Pak-Afghan bus service resumed formally on Friday after a gap of 27 years when a Jalalabad bound bus of a local private transport company carrying 22 passengers crossed over Durand Line at Torkham. The bus would be later extended to Kabul and Kandhar shor