Russian Finance Minister Alexei Kudrin said on Friday he expected tens of billions of dollars of foreign investment in the oil-rich nation after the rouble becomes convertible this weekend.
French consumer morale bounced back in June, helped by a rebound in households' spending intentions and falling unemployment, data showed on Friday. A day after a report showed the jobless rate unexpectedly fell to 9.1 percent, its lowest since September
Britain has been understating its economic growth since 2001, official figures showed on Friday, suggesting the Bank of England may have grounds for concern over diminishing spare capacity in the economy.
The European Commission took action against more than half of the European Union's member states on Friday for not implementing some of the bloc's financial market laws.
Economic sentiment in the eurozone strengthened again in June hitting the highest level since the beginning of 2001 at 107.2, in contrast to expectations of a decline, EU Commission figures showed on Friday.
The United States, under pressure on Friday to help break a deadlock in trade talks, defended its planned farm subsidy cuts and said others needed to hack deeper into their import tariffs before it could move more.
World Trade Organisation (WTO) chief Pascal Lamy, in his direst warning yet, said on Friday that global trade talks would plunge into crisis without a breakthrough in the next "few hours or days".
Indonesian share prices closed 2.79 percent higher on Friday, in line with firmer regional markets as investors reacted positively to a US Federal Reserve signal of a possible softening in its interest rate stance, dealers said.
Hong Kong stocks leapt 2.54 percent on Friday to a six-week high, as easing interest rate worries sparked a broad-based rally led by commodities and property shares like Hang Lung Properties Ltd. The benchmark Hang Seng index gained 402.4 points to 16,267
US stocks soared on Thursday, sending the Nasdaq up almost 3 percent as investors interpreted the Federal Reserve's long-awaited policy statement as a signal the central bank may pause after its latest interest-rate increase.
Indian shares prices closed 4.4 percent higher on Friday, in line with firmer Asian markets after the US Federal Reserve signalled it may pause in its rate hiking cycle, dealers said.
US Treasury debt prices rallied on Thursday after the Federal Reserve raised interest rates as expected and issued a statement that was seen as signalling that it was near the end of its tightening cycle.
US Treasury debt prices rallied on Thursday after the Federal Reserve raised interest rates as expected and issued a statement that was seen as signalling that it was near the end of its tightening cycle.
Singapore share prices closed 2.04 percent higher on Friday in line with other regional markets as concerns over the prospect for further US interest rate increases eased, dealers said. The Straits Times Index rose 48.62 points to 2,435.39 on volume of 1.
Thai share prices closed 1.1 percent higher on Friday, in line with other regional stocks as worries eased over future US interest rate hikes, dealers said. The Stock Exchange of Thailand (SET) composite index rose 7.42 points to 678.13 while the blue chi
Philippines share prices closed 4.52 percent higher on Friday, hitting their best levels in three weeks following the easing of interest rate concerns after the US Federal Reserve meeting, dealers said.
The Nikkei jumped 2.54 percent on Friday to mark its highest close since June 5 as exporters such as Toyota Motor gained on rising hopes that the US interest rate-hike cycle may be nearing an end, easing concern of a slowdown in the world's largest econom
Taiwan stocks rose 1.47 percent on Friday to their highest close in nearly a month, spurred by Wall Street and Taiwan's central bank meeting expectations with an interest rate increase. Top contract chip maker TSMC and interest rate-sensitive financial is
China shares ended mostly flat on Friday after the index first rose near its year-high, then pulled back amid concern over moderate turnover. The benchmark Shanghai Composite Index closed at 1,672.211 points. In the morning it climbed as high as 1,690.953
The Swiss franc firmed against the dollar in early trading on Friday after the Federal Reserve gave a clear signal it may take a breather from its campaign of non-stop interest rate hikes.
The dollar hit a three-week low against the euro on Friday, extending losses after the Federal Reserve gave the clearest signal yet it may soon take a break from a two-year campaign of non-stop interest rate increases.
The dollar tumbled on Thursday after the Federal Reserve raised interest rates, as expected, but left open the possibility its two-year rate raising campaign could end in August.
Asian currencies rallied to multi-week highs on Friday as the US Federal Reserve gave the clearest signal yet that it was close to ending a two-year credit-tightening campaign. The Fed delivered an expected quarter-point rise in its key rate to 5.25 perce
The Hong Kong dollar recouped the previous day's losses on Friday amid a broad-based decline in the US dollar after the Federal Reserve signalled that its tightening campaign was nearing an end.
Gary Neville believes it's now or never if England are to end their 40-year wait for World Cup glory and avoid being remembered as the nearly men of international football.
Frank Lampard is expected to be fit for England's World Cup quarter-final showdown with Portugal after concerns over a late injury scare eased Friday. The 28-year-old Chelsea midfielder twisted an ankle in training on Thursday and was reported to be an in
Brazil have been far from the consummate defending champions at the Germany World Cup but should they rediscover their missing spark against France here on Saturday their chase for a record sixth world crown will be on in earnest.
England are determined to strike it third time lucky here Saturday by hurdling Portugal and their charismatic coach Luiz Felipe Scolari to reach the World Cup semi-finals.
Germany goalkeeper Jens Lehmann saved twice in a shootout to give the hosts a 4-2 win on penalties over Argentina on Friday after their World Cup quarter-final had ended 1-1 after extra time. Lehmann saved penalties from Roberto Ayala and Esteban Cambiass
Roger Federer continued to cut a swathe through the Wimbledon field on Friday, beating Frenchman Nicolas Mahut in straight sets to ease into the last 16 of the men's singles. Federer, who has yet to drop a set in this year's tournament, won 6-3, 7-6 (7/2)
The editor of Playboy Indonesia and two models whose pictures appeared in the magazine's first edition are being investigated for violating indecency laws, police said on Friday.
Disagreements over preventing African leaders extending their rule indefinitely have forced the postponement of a democracy charter due to have been adopted at a summit this weekend, South Africa said on Friday.
The European Union's emissions trading scheme faces its second major hurdle in a matter of weeks on Friday as EU states struggle to meet a deadline to finish plans laying out industry pollution rights for 2008-2012.
The US military launched a criminal investigation into whether US soldiers killed a family of four Iraqi civilians in their home south of Baghdad, officials said on Friday.
The US House of Representatives on Thursday condemned public disclosure of secret surveillance programs as Republicans stepped up their criticism of news media that published details of a bank-monitoring program last week.
Insurgent attacks in Baghdad have risen despite a recent security crackdown that added thousands of troops and new checkpoints to the streets of Iraq's capital, a US commander said on Friday.
Czech rightist President Vaclav Klaus said on Friday he would not accept the resignation of Prime Minister Jiri Paroubek, calling it an irresponsible step as the two clashed over how to end a political stalemate.
US-led forces in Afghanistan killed 14 gunmen on Friday in an attack on a Taleban safe house in an eastern province, while eight militants were detained in a raid in the south, the US military said.
Osama bin Laden praised the slain leader of Iraq's al Qaeda wing, Abu Musab al-Zarqawi, and vowed al Qaeda will continue to fight US forces and their allies "everywhere", according to an Internet audiotape on Friday.
Nepal does not need international observers to monitor the arms of Maoist guerrillas or government troops ahead of polls to a special assembly, rebel leaders said on Friday.
The governor of the Iraqi province where Abu Musab al-Zarqawi was killed this month called in the army after clashes between Sunni and Shia fighters in north of Baghdad on Friday, police and his office said.
The United Nations and International Committee of the Red Cross (ICRC), concerned at escalating Middle East violence, called on Israel on Friday to allow urgent medical and food supplies into Gaza.
Palestinian Prime Minister Ismail Haniyeh on Friday demanded Israel halt a Gaza offensive if it wanted to free a captured soldier and said the Hamas-led government would not give way to force.
US President George W. Bush and Japanese Prime Minister Junichiro Koizumi turned from payloads to playlists Friday as they wrapped up their two-day "Love Me Tender" summit with a pilgrimage to Elvis Presley's mansion.
Chinese Communist Party chief Hu Jintao warned that corruption is sapping the party's authority and called for a crackdown in the wake of scandals that have exposed corrosive official abuses as market reform deepens.
The lower house of parliament approved on Friday a reform of Germany's complex federal system aimed at speeding up decision-making, giving Chancellor Angela Merkel one of her first big legislative victories.
The United States rejected on Friday Iranian calls for more time to study an offer of incentives to curb its nuclear fuel programme, insisting Tehran must respond by a G8 deadline next week.
Powerful Islamist and reformist candidates swept Kuwait's elections but women failed to win a single seat in their first attempt to run for parliament, results showed on Friday.
Dutch prime minister Jan Peter Balkenende is set to hand in his government's resignation on Friday, after the ruling coalition fell apart over the handling of the citizenship of a Somali-born Dutch lawmaker.
Italy's government coalition on Friday agreed on the funding of its military missions overseas including the controversial troop presence in Afghanistan which is heavily disputed by its radical left.
British Prime Minister Tony Blair's political woes mounted on Friday when a poll showed he is now less popular than his main rival and his Labour Party suffered a humiliating election setback.
The Indian rupee rose to a 1-week high against the dollar on Friday as the US Federal Reserve indicated it might pause its two-year tightening campaign in the months ahead.
Sterling rose 1 percent against the dollar on Friday on declining expectations of US rate rises and along with strong UK data. The Fed's statement on Thursday accompanying its quarter-point rate rise triggered a sell-off in the dollar, as markets scaled b
The euro hit a three-week high against the dollar on Friday, as investors focused on prospects for faster eurozone rate hikes after the US Federal Reserve signalled a pause in its long monetary tightening campaign.
The European corporate bond market rallied on Friday as traders and investors took comfort from Thursday's US interest rate decision, which seemed to suggest that the end of rate rises was in sight.
The European corporate bond market rallied on Friday as traders and investors took comfort from Thursday's US interest rate decision, which seemed to suggest that the end of rate rises was in sight.
US stocks were little changed on Friday as weaker-than-expected data on Chicago-area manufacturing outweighed some of the gains from positive news about General Motors Corp.
Seoul shares surged to their highest in almost four weeks on Friday, led by exporters such as LG.Philips LCD, after the Federal Reserve toned down its warnings about further interest rate rises in the world's largest economy.
Malaysian share prices closed 0.46 percent higher on Friday, supported by firmer regional markets and mid-year window-dressing activity in selected blue chips, dealers said.
Britain's FTSE 100 ended higher on Friday, giving the index its biggest weekly gain in nearly eight months as miners put their weight behind the market, while bid talk rushed through several sectors, sending Centrica up sharply.
US farmers will plant more corn this year than had been forecast by the USDA in March due to high prices and demand from the ethanol sector but acreage will still be down from last year, analysts said.
India on Friday revised base import prices of palm and soyabean oils, a move which traders said was in tune with global rates and unlikely to impact domestic edible oil prices as the market had anticipated it.
Oil rose to nearly $74 a barrel on Friday, within sight of record highs, on a positive outlook for oil demand and economic growth in top consumer the United States.
Brazil's federal Banco do Brasil will inject 550 million reais ($255 million) into the national Coffee Defence Fund, the agriculture ministry said on Friday.
Cotton closed higher Friday on speculative and fund buying as the market shrugged off a government plantings report that had been termed bearish, dealers said. New York Board of Trade's benchmark December cotton contract climbed 0.50 cent to settle at 54.
London white sugar futures settled firmer on Friday in trade dominated by switch activity as the market focused on the expiry of the New York July raws contract. Benchmark August settled up $4.40 at $465.90 per tonne, near the top of the day's range of $4
Copper fell from its earlier highs by the close of kerb trading at the London Metal Exchange on Friday, as some speculators tried to push down prices before buying again next week. It closed at $7,320 per tonne, up $15 on Thursday's close but well down fr
Gold jumped 3.6 percent to trade above $610 an ounce on Friday as the dollar slipped after the US Federal Reserve raised interest rates but hinted it might end a two-year campaign of rate increases.
US benchmark arabica coffee futures climbed 2.3 percent to a three-week high Friday, boosted by speculative and fund buying with a lack of producer selling lending support, traders and analysts said.
US cocoa futures rallied more than 2 percent to a five-month high Friday, extending the week's lofty gains amid follow-through fund buying, dealers said. Limited seasonal selling from producers, coupled with dollar weakness, also fuelled the bullish senti
Raw sugar prices ended higher Friday on steady trade buying in the back months while the spot contract gyrated wildly before expiring at the close of business, brokers said.
Corn futures at the Chicago Board of Trade climbed nearly 3 percent early on Friday on a bullish acreage report from the USDA and on weather concerns, traders said.
Wheat futures at the Chicago Board of Trade were mostly firm at midsession on Friday on spring wheat weather jitters, but technical selling pushed prices off their early highs, traders said.
US copper futures opened with strong gains early on Friday in a holiday-shortened session as funds were seen buying after the US Federal Reserve signalled a pause in its two-year policy tightening campaign, sources said.
Surging gold markets and a supportive acreage report released on Friday boosted Chicago Board of Trade soyabean futures nearly 3 percent in early dealings, traders said.
Gold futures in New York rocketed up more than 4 percent early on Friday in a holiday shortened session, as a weaker dollar made the precious metal more attractive to investors. Window dressing at month-end and quarter-end and before a US market holiday o
The country's external debt liabilities have virtually decreased substantially during the last seven years, State Minister for economic Affairs, Ms Hina Rabbani Khar said on Friday. Taking to a private TV, she said total external debt liabilities have bee
In occupied Kashmir All Parties Hurriyat Conference (APHC) leader Syed Ali Gilani on Friday said Kashmiris have no enmity with India but they want the Indian government to honour the pledges and commitments it made to them.
The Federal Bureau of Statistics (FBS) on Friday launched a three-week training programme on national and regional accounts here at the FBS training wing to enhance professional competency of statisticians.
A number of positive developments have taken place in the country over the past few year which should properly be projected abroad to project soft image of the country.
Pakistan People's Party has supported the statement of the US Secretary of State Condoleezza Rice on holding of fair and transparent elections in Pakistan by 2007. PPP spokesman ex-senator Farhatullah Babar, in a statement on Friday, welcomed Rice's state
Minister for Education Javed Ashraf Qazi has said that government is striving to achieve the targets of literacy rate and quality education. In an interview to a private television channel, he said the education budget at all the levels had been enhanced
Japan would continue to support financially and technically Pakistan government's reforms in the field of economy, devolution of power and fight against terrorism.
Sindh Minister for Education and Literacy, Dr Hamida Khuhro has emphasised upon electronic media to promote the latest methods of teaching which may lead children to acquire quality education.
About a year ago, I visited the Adult Blind Centre in Soldier Bazaar. I met the honorary general secretary, Dr Ayesha Usman who was kind enough to take me around the premises of the ABC. I was sad to see that the centre was in a dismal condition.
A 2% tax levied on the sale and purchase of property is a very good idea. This will not only be a good source of income, but also will bring on record all such transactions; thereby it will be possible for the government to lay their hands on those who do
This is with reference to the City Nazim's directives "Monsoon emergency - City government sets up four zonal offices" (June 21). Various statements have appeared intermittently, almost in all the dailies, that comprehensive plans have been prepared to co
High oil prices and feverish diplomacy have helped achieve a stunning turnaround in Saudi Arabia's political and economic fortunes, but long overdue reforms are limiting this key US ally's new-found clout.
The special programme "Danka controversy," televised by Aaj Markets Special, a talk show programme on Tuesday, 26th June 2006, provided in-depth details regarding the reasons of Stock Exchange Crash of March 2000.
A three-member bench of the Supreme Court, taking suo motu notice of the loss of both arms of a seven-year-old boy of Faisalabad due to the electric shocks received from an unprotected power transmission line, has directed all electricity supply companies
President Pervez Musharraf and Prime Minister Shaukat Aziz have rightly voiced their concern over slow movement towards establishing new power projects in the country, particularly in view of our spiraling energy deficit. (Incidentally, despite all the co
The National Commission for Human Development (NCHD) has signed a memorandum of understanding (MoU) with a UK-based charity to help eradicate child labour in Balochistan and NWFP.
International HR experts, Bob Urichuck from Canada and Dr Sunil Gupta from Oman would be the main speakers at an international conference "Valuing The People Factor: How Successful Managers Recognise, Reward and Motivate Employees for Optimal Productivity
Multan Utility Stores Corporation (USC) has been divided into four regions with a view to ensures common man's access to essential items at cheaper cost. Regional Manager USC Multan, Shehzad Khan told APP on Friday. Multan USC region composed of former ci