World-wide sales of chip-making equipment in June posted the highest percentage growth in 21 months, with demand expected to grow still further in the next quarter, an industry group said on August 14.
World-wide sales of chip-making equipment in June posted the highest percentage growth in 21 months, with demand expected to grow still further in the next quarter, an industry group said on August 14.
Dell Inc founder Michael Dell said he had no plans to replace chief executive Kevin Rollins despite a sharp decline in the company's financial performance as rivals attack Dell's hold on the low-priced computer market.
The Internet has revolutionised the world. It has shrunk to a dot and even in the space less than a dot occupies in this universe of infinite space. The Internet has enlarged the range of all kinds of knowledge and has given new meanings to words such as
Austrian semiconductor equipment maker SEZ posted a 41 percent rise in first-half net profit on August 17, beating analysts' forecasts, boosted by a surge in sales in the second quarter.
Austrian semiconductor equipment maker SEZ posted a 41 percent rise in first-half net profit on August 17, beating analysts' forecasts, boosted by a surge in sales in the second quarter.
Slot machine maker Bally Technologies Inc said on August 14 that it will restate financial results for fiscal years 2003 through 2005 after a review of "certain transactions." It said it will adjust the timings of revenue recognition, likely resulting in
T-Systems, the corporate clients arm of Deutsche Telekom, has won an order worth at least 100 million euros ($128 million) from Germany's second-biggest state health insurance fund, T-Systems said on 14 August.
Two former executives of Dell Inc, the world's top PC marker, have joined smaller rival China's Lenovo Group Ltd on 18 August, in the latest executive reshuffle in the industry.
Chinese solar cell maker Suntech Power Holdings Co Ltd plans to spend around $60 million to build a research and development plant outside Shanghai, a senior company executive said on August 18.
A British city known for its concrete cows is set to become one of the most technologically advanced in Britain after it said on August 18 that it would to be the first UK town to boast a high-speed WiMax wireless broadband network.
Need cash to pay your next bill? Send us a text message, we'll send you the money in just a few minutes. Such slogans are spreading in Finland and other Nordic countries, with barely a mention of the annual lending rates of up to 1,000 percent involved.
LG.Philips LCD Co Ltd aims to swing to a profit in the fourth quarter as seasonal demand lifts flat-screen TV sales and monitor panel prices recover, a company executive said on August 17.
LG.Philips LCD Co Ltd aims to swing to a profit in the fourth quarter as seasonal demand lifts flat-screen TV sales and monitor panel prices recover, a company executive said on August 17.
A group of 10 or more of the world's largest investment banks are trying to set up their own system for reporting share trades, allowing them to bypass the major European Stock Exchanges, people close to the matter said on August 14.
Moody's Investors Service plans to speed up its rollout of a new method for rating high-yield loans and bonds, releasing all of its new ratings for North America in late September, the agency said on August 18.
Moody's Investors Service plans to speed up its rollout of a new method for rating high-yield loans and bonds, releasing all of its new ratings for North America in late September, the agency said on August 18.
Adding female board members or more board committees does not limit growth in chief executive compensation, as some corporate governance advocates have hoped, a new study shows.
Some large US exchanges in recent weeks have talked with the New York Board of Trade, a closely held futures marketplace, about making an offer, the Wall Street Journal reported on August 17, citing unnamed sources.
Wealth management firms are among the largest stakes of a Merrill Lynch fund of UK small-cap stocks and are positioned to benefit as markets rise although interest rate hikes have raised risks, its manager said.
Wealth management firms are among the largest stakes of a Merrill Lynch fund of UK small-cap stocks and are positioned to benefit as markets rise although interest rate hikes have raised risks, its manager said.
A group representing shareholders who control nearly a fifth of the UK stock market said British companies should consider rewriting employment contracts that guarantee lucrative severance packages for top executives.
Cash-strapped national carrier Biman Bangladesh Airlines recently raised fares on all domestic routes to cut massive losses as fuel and maintenance costs surge, an official said. "The airfares have been raised by between five and seven percent on all our
Wall Street bonuses will rise 15 percent this year, with larger increases for investment bankers and equities traders as merger activity surges and stocks rise, according to a study released.
Low-cost carrier AirAsia on August 15 signed its first-ever Islamic financing agreement to fund the purchase of six A320-200 aircraft in a deal worth some 230 million dollars.
Nomura Asset Management, Japan's largest fund manager, is pushing to diversify its retail business by selling more products abroad, particularly in Asia, the head of its Hong Kong operation said.
Nomura Asset Management, Japan's largest fund manager, is pushing to diversify its retail business by selling more products abroad, particularly in Asia, the head of its Hong Kong operation said.
India's biggest private company Reliance Industries, said on August 18 it aims to launch its first store next month in the southern city of Hyderabad, part of a plan to build an Indian version of Wal-Mart, the world's largest retail chain.
UBS, the world's largest wealth manager, said second quarter net profit jumped 47 percent from one year ago to 3.147 billion Swiss francs ($2.54 billion), well ahead of analysts' forecasts.
UBS, the world's largest wealth manager, said second quarter net profit jumped 47 percent from one year ago to 3.147 billion Swiss francs ($2.54 billion), well ahead of analysts' forecasts.
Frank Quattrone, the former Silicon Valley star technology banker facing a possible third trial for obstructing justice, reached a deal with prosecutors in which he could avoid another trial and resume a career in finance, The New York Times report
A leading Indian environmental group is standing by its allegations of high pesticide levels in locally bottled Coke and Pepsi despite a barrage of denials by the US soft drink heavyweights.
The eurozone economy is booming, but the good times may prove to be short-lived, with a potent combination of factors due to bite into growth in the coming months, economists warned.
Southeast Asian economic ministers meet here this week under pressure to accelerate the creation of a single trade bloc and combat the rise of China and India which are drawing away foreign investment.
French energy groups Suez and Gaz de France reacted cautiously on Saturday to objections raised by the European Commission that their proposed merger could be anti-competitive.
More than midway through Bolivia's schedule to nationalise its energy sector, the government of leftist President Evo Morales is mired in competing foreign and domestic interests and budget problems.
Stephen Byers, a former British cabinet minister who remains close to Prime Minister Tony Blair, appealed on Sunday for the inheritance tax to be scrapped.
During his upcoming visit to China, President Hugo Chavez will offer to supply up to 20 percent of the crude oil China needs if Beijing backs Venezuela's bid to join the UN Security Council, analysts say.
BHP Billiton, the world's largest miner, is expected to post an annual profit exceeding 10 billion US dollars this week, setting a new Australian corporate record, analysts predict.
BHP Billiton, the world's largest miner, is expected to post an annual profit exceeding 10 billion US dollars this week, setting a new Australian corporate record, analysts predict.
The chief US trade negotiator said on Friday it was premature to renew trade legislation that would give countries more time to reach a new world trade deal after the talks collapsed last month.
Bangladesh Interbank buy/sell rates for the taka against the dollar on Sunday. 69.49/69.7150 (previous 69.49/69.73) Call Money Rates: 6.25-10.50 percent (previous 6.25-10.50 percent).
Japanese government bond prices fell on Friday, tracking US debt prices, which eased after a key US manufacturing survey showed a surprisingly strong reading.
Japanese government bond prices fell on Friday, tracking US debt prices, which eased after a key US manufacturing survey showed a surprisingly strong reading.
Philippines share prices are expected to trade sideways in the shortened trading week ahead as investors await fresh leads, dealers said on Friday. "The market will likely move sideways with thin volumes. Investors may move out of the blue chips and focus
Thai share prices are likely to fall next week as oil prices rebound after falling sharply this week and uncertainties over the new election date persist, dealers said.
Britain's stock market will seek to build on recent gains next week when a batch of companies issue their latest earnings numbers, alongside an update on the country's economic growth. On Friday, London's FTSE 100 index of leading shares ended at 5,903.40
Wall Street's major indexes closed higher on the week on Friday, as investors downgraded the likelihood of the Federal Reserve renewing its rate hiking campaign.
Singapore shares are expected to gain next week on expectations the peace dividend from a UN-brokered cease-fire in Lebanon would limit further oil price increases, dealers said.
Hong Kong share prices are likely to trade lower on consolidation and caution ahead of more corporate earnings next week, dealers said Friday. However, they said the market will be underpinned by easing interest rate worries as investors expect that rate
Australian share prices are expected to continue to rise next week amid renewed confidence among investors, dealers said Friday. For the week ending August 18 the SP/ASX200 finished at 5052.5, up 103.3 points or 2.1 percent on the previous week's 4,956.1.
Taiwan share prices are next week expected to feel the impact of mounting pressure for President Chen Shui-bian to step down over scandals involving his family, dealers said Friday.
Malaysian share prices are expected to consolidate next week ahead of the 2007 budget announcement in September, analysts said Friday. Analysts said although the market went through a "correctional phase" over the past week, a lack of fresh leads would co
Japanese share prices are expected to post fresh gains next week as foreign investors remain net buyers buoyed by optimism over the world's second largest economy, analysts said Friday.
Ethiopia braced Sunday for more damage from deadly nation-wide flash floods as the government warned unusually heavy seasonal rains could force the release of water from dangerously swollen dams.
Prime Minister Ehud Olmert vowed Sunday to pour money into Israel's north, battered by Hezbollah rocket fire during the Lebanon war, amid increasing criticism his government bungled the offensive.
The government of hard-line Iranian President Mahmoud Ahmadinejad has called on judiciary to clamp down on local media which it accused of "spreading lies", press reports said Sunday.
Sri Lankan troops backed by artillery and fighter jets are resisting a Tamil Tiger rebel advance on the Jaffna peninsula amid moves to lift a nine-day siege of the embattled region, military officials said Sunday.
South Korea on Sunday announced a 230 million dollar emergency aid package for flood-hit North Korea, while also stepping up its monitoring of a possible nuclear test by the communist state.
Tearful families gathered Friday in the southern Lebanese village of Qana to bury the 29 people, including 16 children, killed in an Israeli bombardment on a shelter last month.
At least 21 people were swept away and feared dead as monsoon rains triggered rare floods in the Indian desert state of Rajasthan, officials said Sunday.
Iran insisted Sunday that a nuclear freeze was not on the agenda and showed off its latest weaponry, two days before it is to respond to an international offer aimed at ending the long-running crisis.
Britain's charity watchdog is checking into reports potentially linking suspects in an alleged airline bombing plot to an British aid group that raised money for earthquake relief in Pakistan.
Turkish Foreign Minister Abdullah Gul left for Israel and the Palestinian territories on Sunday, where he is due to discuss Turkish participation in a UN-led intervention force in Lebanon.
British police investigating an alleged plot to blow up US-bound airliners are optimistic they will be able to soon charge many of the 23 suspects in custody here, reports said on Sunday.
It is unanimously stated by various economists that it is the tiller of the soil (farmer) who, after taking warm blood from the land, fills it in the veins of civilisation.
The government has announced setting up of a ginning institute in the country at Multan which has been named as the Pakistan Cotton Ginning Institute. Since Pakistan earns one of the top four positions among cotton-producing countries, this decision shoul
The decision for the import of cement was prompted by an increase in cement prices at some places in early April, 2006. This increase in prices had two reasons. Because of the year end, the Government departments started buying cement in large quantities
Two Hezbollah fighters relax under a tree in aitroun, a southern Lebanese village, that overlooks several Israeli settlements across the border. It's the third day of an uneasy cease-fire between Israel, Lebanon and the Hezbollah militia that occupies sou
With the cease-fire in Lebanon, the second Hezbollah-Israeli War is temporarily in remission. So far, Israel has been beaten. The magnitude of the defeat is considerable. Israel appears to have lost at every level-strategic, operational and tactical. Noth
I have talked to a cross section of the people from Karachi to Peshawar on their perception about reduction in poverty; they feel that the government figures were too good to be true.
'Pillars of rating of Islamic financial institutions' by Mohammad Ashraf. This article appeared in the paper on July 30, 2006. The learned scholar has, as always, played the old tune. This has forced me to pen down a few comments on the subject.
Being a great admirer and follower of the Father of the Nation, I get fascinated by the history of Pakistan, learning about people Quaid used to meet and his innumerable qualities and conduct in the overall sphere of life.
Listen to the White House and one might think President Hugo Chavez has turned oil-rich Venezuela into a totalitarian state like Cuba, lacking a free press, freedom of speech and multi-party elections.
The major difference between the public and private sector is that the private entrepreneurs recognise merit as the touchstone for success, but in the public sector (as in bureaucracy) merit can often be a disqualifier.
It, indeed, is gratifying to learn from a Recorder Report of the prospect of sale of ethanol blended petrol in the twin cities of Islamabad and Rawalpindi. For it will mean an end to a long drawn controversy over the advisability of blending ethanol with
There are certain things in the life of a nation, which are extremely harmful for its development but unfortunately, become a part of its culture. Delays in the implementation of projects in Pakistan is one of those routine events that are very inimical b
Pak-American Rs 720 million endowment fund has been created at University of Agriculture, Faisalabad (UAF) with the active financial support of USA. This fund would be utilised for academic capacity building, technology transfer and product commercialisat
Dilapidated roads and negligence on the behalf of federal and provincial governments appalling to the tourism industry of NWFP, especially Swat, has devastated the tourism to irreparable extent.
Federal Minister for Railways Sheikh Rashid Ahmed has said that train service to and from Karachi has been restored after preparing the passage to substitute the damaged bridge between Ran Pathani and Dhabeji areas. He was addressing a press conference at
Sialkot district government has formulated a strategy for introducing "green rickshaw" scheme in Sialkot, Daska, Pasrur and Sambrial tehsils of the district for reducing the pollution load, revealed Sialkot District Nazim Muhammad Akmal Cheema.
The City District Government Lahore (CDGL) has allocated Rs 15 million for the development of agriculture, livestock and fisheries in the city, during the current fiscal year.
Federal Minister for Political Affairs and President of Pakistan Muslim League (PML) NWFP, Engr. Amir Muqam has said that present government is paying special attention on progress of the nation by laying a web of developmental schemes in every nook and c
The National Assembly will resume sitting here on Monday in the Parliament House building, Islamabad after a two-day break. The government is likely to introduce bill regarding women protection 2006 in the house when it meets as was hinted by the Minister
It took Supreme Court lawyer Sonia Raj Sood just one visit to Indian Occupied Kashmir (IoK) to find her true calling in life-to fight atrocities against Kashmiris attributed to India's security forces.
Several families belonging to Dera Bugti urged the President and the Prime Minister on Saturday to provide them protection against, the repression being committed by tribal Sardars in their area.
Pakistan and China have established a strong working mechanism of bilateral co-operation to combat drug trafficking and other cross-border crimes. According to China National Narcotics Control Commission, the two countrie maintained close contacts at offi
The Pakistan People's Party (PPP) has decided to set up an election management cell to block what it called the government's open intention to rig the 2007 general elections. The party took the decision in a meeting here on Sunday.
The development work on mega project of Sialkot-Lahore motorway costing Rs 20 billion would be initiated shortly. Official sources told Business Recorder here on Sunday that necessary arrangements for undertaking the development work on the project
The government under the leadership of President Pervez Musharraf, and Prime Minister Shaukat Aziz is striving for the solution of basic problems of the masses. For the first time in the history of Pakistan a big chunk of money Rs 435 million under develo
Speakers at a meeting of Shura Hamdard, Karachi chapter urged the government to use coal to generate electricity and stressed upon the people for the conservation of energy by keeping extra bulbs, tube lights and airconditioners off particularly at the pe
Pakistan Navy's Gunnery-Antisubmarine Warfare seminar 2006 was held at PNS Jauhar Auditorium on Sunday. Chief of the Naval Staff Admiral Muhammad Afzal Tahir was the chief guest at the closing session. The seminar was organised under the auspices of Direc
Federal Minister (R&S) Cabinet Division, Mehmood Ali here on Sunday visited the Quaid's mausoleum, laid a floral wreath and offered Fateha. In the visitors book, he wrote: "No stone would be left unturned to make Pakistan a great Muslim state of the world
Despite passage of eight years and expenditure of more than Rs 200 million, the Gorakh Hill project is still in limbo due to lack of political will of rulers and apathy of bureaucracy bosses.
Rains have affected trading in the wholesale commodities market where supplies have been hit from Punjab markets and prices already on the higher side were being raised continuously during the week ended on August 19, 2006.
The sale of property without dues clearance certificate from the Karachi Water and Sewerage Board (KW&SB) would be banned, a high-level meeting decided here on Sunday. The meeting of Town Nazims and officials of CDGK and KWSB was held with City Nazim Syed
Sindh Chief Minister Dr Arbab Ghulam Rahim approved constitution of eight-member Sindh Industrial Infrastructure Development Board (SIIDB). He observed that the formation of the Board would help improve the existing structure of different industrial estat
Presently, Pakistan has been under heavy pressure of monsoon for the last two weeks. Rainfall has caused more damage to cotton crop in lower Sindh as compared to upper Sindh. Punjab province has also received rains intermittently but cotton crop is still