Wall Street titan Merrill Lynch said Monday it had agreed a take-over deal with First Republic Bank, a US wealth management specialist, for 1.8 billion dollars.
Wall Street titan Merrill Lynch said Monday it had agreed a take-over deal with First Republic Bank, a US wealth management specialist, for 1.8 billion dollars.
Abu Dhabi-based Etihad Airways will operate three weekly non-stop flights to Sydney starting on March 26, the airline said Monday. Airbus A340-500 aircraft will be used on the service to the Australian city, which will become daily from June 29, it said i
The Central Board of Revenue (CBR) may appoint Usman Khalid Mirza, a grade-21 official of Income Tax Group as a private member. Sources told Business Recorder on Monday that the board is likely to appoint Mirza, Director General Inspection and Inte
The Central Board of Revenue (CBR) may appoint Usman Khalid Mirza, a grade-21 official of Income Tax Group as a private member. Sources told Business Recorder on Monday that the board is likely to appoint Mirza, Director General Inspection and Inte
The Central Board of Revenue (CBR) may appoint Usman Khalid Mirza, a grade-21 official of Income Tax Group as a private member. Sources told Business Recorder on Monday that the board is likely to appoint Mirza, Director General Inspection and Inte
The Nice Link Trust inaugurated its eight project of installing water desalination plant and water desalination through solar system at Ibrahim Haidry and Rehri here the other day.
The Nice Link Trust inaugurated its eight project of installing water desalination plant and water desalination through solar system at Ibrahim Haidry and Rehri here the other day.
Sanofi-Aventis and Bristol-Myers Squibb Co could announce a friendly merger deal within the next few weeks to create the world's biggest drugs company, according to a report on Monday. In an unsourced story, French financial newsletter La Lettre de l'Expa
The Ministry of Food, Agriculture and Livestock (Minfal) will present draft copy of Plant Breeders'' Rights Act to the federal cabinet for its approval, Business Recorder learnt on Monday. "The proposed act is likely to be laid before the cabinet i
The Ministry of Food, Agriculture and Livestock (Minfal) will present draft copy of Plant Breeders' Rights Act to the federal cabinet for its approval, Business Recorder learnt on Monday. "The proposed act is likely to be laid before the cabinet in
The Ministry of Food, Agriculture and Livestock (Minfal) will present draft copy of Plant Breeders' Rights Act to the federal cabinet for its approval, Business Recorder learnt on Monday. "The proposed act is likely to be laid before the cabinet in
Philips Electronics won permission from the European Commission on Monday to buy Belgian lamp and light fittings maker Partners in Lighting (PLI) from private equity group CVC Capital Partners.
Unknown terrorists fired seven rockets, targeting Panjgur airport and FC camp on Monday morning. Rockets firing jolted the city and people came out of their houses. Four rockets hit MT section in FC camp located in the heart of city. It caused holes in th
Unknown terrorists fired seven rockets, targeting Panjgur airport and FC camp on Monday morning. Rockets firing jolted the city and people came out of their houses. Four rockets hit MT section in FC camp located in the heart of city. It caused holes in th
Tyson Foods Inc, the largest US meat company, on Monday said quarterly profit rose 46 percent to beat Wall Street estimates by a large margin as cost-cutting measures kicked in, and the company's shares gained more than 5 percent.
Tyson Foods Inc, the largest US meat company, on Monday said quarterly profit rose 46 percent to beat Wall Street estimates by a large margin as cost-cutting measures kicked in, and the company's shares gained more than 5 percent.
Reforms introduced in last three years have transformed Pakistan into an attractive destination for foreign investment and the country is attracting foreign investment as compared to other countries of the world.
Reforms introduced in last three years have transformed Pakistan into an attractive destination for foreign investment and the country is attracting foreign investment as compared to other countries of the world.
Reforms introduced in last three years have transformed Pakistan into an attractive destination for foreign investment and the country is attracting foreign investment as compared to other countries of the world.
Bollywood actress Shilpa Shetty sought to put a racist bullying row behind her after winning Britain's "Celebrity Big Brother" television show, a triumph tipped to elevate her career beyond India's silver screen.
Bollywood actress Shilpa Shetty sought to put a racist bullying row behind her after winning Britain's "Celebrity Big Brother" television show, a triumph tipped to elevate her career beyond India's silver screen.
Four Russian servicemen and one Chechen rebel were killed on Monday in clashes in the southern region of Chechnya, media reported. Interfax news agency said a group of Russian soldiers came under fire during a special operation against militants in a fore
Hillary Rodham Clinton won new converts and thrilled old fans with a polished performance on her first campaign foray to Iowa, but left plenty of questions for Democrats evaluating the crowded field of White House contenders.
Britain's Prince Charles accepted an award here Sunday for his years-long environmental efforts, even as his transatlantic flight to America was criticised as an ecologically harmful junket.
US paper company Bowater Inc will merge with Canadian peer Abitibi-Consolidated Inc, creating North America's largest newsprint maker in a bid to revive the struggling business, the companies said on Monday.
Mattel Inc, the largest US toymaker, posted a higher-than-expected fourth-quarter profit on Monday as sales of its T.M.X Elmo and Barbie line jumped during the holiday quarter, sending its shares to a new 52-week high.
Mattel Inc, the largest US toymaker, posted a higher-than-expected fourth-quarter profit on Monday as sales of its T.M.X Elmo and Barbie line jumped during the holiday quarter, sending its shares to a new 52-week high.
Canadian manufacturers see sales rising in the first quarter of this year and fewer impediments to production, but their overall outlook remains largely negative, a Statistics Canada survey showed on Monday.
Indonesia's trade minister said on Monday she was cautiously optimistic about the prospects for world trade talks, saying there was a renewed sense of commitment and urgency to reach a deal.
Africa's number three mobile phone operator, Celtel, will inject an additional $1.4 billion into its Nigerian unit this year with a view to increasing its subscriber base, the company said on Monday.
The offices of Business Recorder will remain closed on Tuesday, January 30, on account of Ashura. There will, therefore, be no issue of the paper on Wednesday, January 31.
Ashura, the 10th of Muharram is being observed on Tuesday with reverence and solemnity throughout the country amid stringent security measures adopted by the law-enforcement agencies.
Ashura, the 10th of Muharram is being observed on Tuesday with reverence and solemnity throughout the country amid stringent security measures adopted by the law-enforcement agencies.
The government has shelved the Pakistan Steel Mills Corporation (PSMC) strategic sell-off plan for one year and approved a scheme for its initial public offering (IPO) through bourses for 10 percent shares with additional 10 percent shares as green shoe o
The government has shelved the Pakistan Steel Mills Corporation (PSMC) strategic sell-off plan for one year and approved a scheme for its initial public offering (IPO) through bourses for 10 percent shares with additional 10 percent shares as green shoe o
The government has shelved the Pakistan Steel Mills Corporation (PSMC) strategic sell-off plan for one year and approved a scheme for its initial public offering (IPO) through bourses for 10 percent shares with additional 10 percent shares as green shoe o
The government has shelved the Pakistan Steel Mills Corporation (PSMC) strategic sell-off plan for one year and approved a scheme for its initial public offering (IPO) through bourses for 10 percent shares with additional 10 percent shares as green shoe o
The federal cabinet has given the right of appeal to moneychangers found guilty of violating Foreign Exchange Regulation Act (Fera) 1947, official sources told Business Recorder.
The federal cabinet has given the right of appeal to moneychangers found guilty of violating Foreign Exchange Regulation Act (Fera) 1947, official sources told Business Recorder.
The federal cabinet has given the right of appeal to moneychangers found guilty of violating Foreign Exchange Regulation Act (Fera) 1947, official sources told Business Recorder.
Gold import has declined by 53 percent during December 2006 as compared to the corresponding period in 2005, due to rising price of the yellow metal in the international market. Analysts say that during the last six months the price of gold has been movin
Gold import has declined by 53 percent during December 2006 as compared to the corresponding period in 2005, due to rising price of the yellow metal in the international market. Analysts say that during the last six months the price of gold has been movin
Gold import has declined by 53 percent during December 2006 as compared to the corresponding period in 2005, due to rising price of the yellow metal in the international market. Analysts say that during the last six months the price of gold has been movin
The Defence Housing Authorities (DHAs) and real estate registration office in the provinces are reluctant to provide property buying/selling data to the income tax authorities for brining them into the tax net.
The Defence Housing Authorities (DHAs) and real estate registration office in the provinces are reluctant to provide property buying/selling data to the income tax authorities for brining them into the tax net.
The Defence Housing Authorities (DHAs) and real estate registration office in the provinces are reluctant to provide property buying/selling data to the income tax authorities for brining them into the tax net.
The Prime Minister Shaukat Aziz is likely to announce a relief package for the textile sector this week. The long-awaited textile package is likely to overcome the present difficulties being faced by the sector, owing to tough competition from China, Indi
The Prime Minister Shaukat Aziz is likely to announce a relief package for the textile sector this week. The long-awaited textile package is likely to overcome the present difficulties being faced by the sector, owing to tough competition from China, Indi
The Prime Minister Shaukat Aziz is likely to announce a relief package for the textile sector this week. The long-awaited textile package is likely to overcome the present difficulties being faced by the sector, owing to tough competition from China, Indi
Tax officials have blamed Pakistan Revenue Automation Limited (Pral) for the delay to implement new automation projects including tax payments through online system at banks.
Tax officials have blamed Pakistan Revenue Automation Limited (Pral) for the delay to implement new automation projects including tax payments through online system at banks.
Tax officials have blamed Pakistan Revenue Automation Limited (Pral) for the delay to implement new automation projects including tax payments through online system at banks.
At least 12 people were injured when two rockets fired by suspected militants struck near a Imambargah in Bannu on Monday, police said. "Twelve people were wounded in the rocket attacks, which apparently targeted a Shia worship place in the city," a senio
At least 12 people were injured when two rockets fired by suspected militants struck near a Imambargah in Bannu on Monday, police said. "Twelve people were wounded in the rocket attacks, which apparently targeted a Shia worship place in the city," a senio
Cash-rich Gulf Arab corporates are looking to spend billions of dollars to buy up competitors and expand this year as the region's economy reaps a windfall from skyrocketing oil prices since 2001.
The future of trade bodies hang in balance due to inordinate delay in the announcement of rules governing their future set-up as enunciated under the Trade Organisations Ordinance (TOO) - 2006.
The future of trade bodies hang in balance due to inordinate delay in the announcement of rules governing their future set-up as enunciated under the Trade Organisations Ordinance (TOO) - 2006.
The future of trade bodies hang in balance due to inordinate delay in the announcement of rules governing their future set-up as enunciated under the Trade Organisations Ordinance (TOO) - 2006.
Saudi Arabia on Monday announced that Adel al-Jubeir, an advisor to King Abdullah, has been named as its new ambassador to the United States, the oil-rich kingdom's top diplomatic posting.
Pakistan and Belgium on Monday decided to expand co-operation for increasing their political, diplomatic, trade, economic and cultural relations for the benefit of people of two countries.
Pakistan and Belgium on Monday decided to expand co-operation for increasing their political, diplomatic, trade, economic and cultural relations for the benefit of people of two countries.
Pakistan and Belgium on Monday decided to expand co-operation for increasing their political, diplomatic, trade, economic and cultural relations for the benefit of people of two countries.
A suicide bomber set off a device in Dera Ismail Khan on Monday killing himself, a policeman and a passer-by after police stopped him at a checkpoint, a doctor and security officials said. The blast - the third suicide attack in Pakistan since Friday - ca
A suicide bomber set off a device in Dera Ismail Khan on Monday killing himself, a policeman and a passer-by after police stopped him at a checkpoint, a doctor and security officials said. The blast - the third suicide attack in Pakistan since Friday - ca
The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
A new cold weather front moving north through Brazil's main coffee belt will bring more heavy rain to Minas Gerais and other important producer states, private meteorologist Somar predicted Monday.
Asia will be the driving force behind biotech crops in the next 10 years, despite China's hesitancy about approving gene-modified rice, a Chinese scientist and an international body said on Monday.
Asian naphtha prices edged up on rises in oil futures prices on Monday, while the premium against ICE Brent continued to ease as some end-users had preferred alternative cheaper cargoes.
Japanese and South Korean corn buyers are likely to keep a low profile this week in hopes that their importing costs will fall further, industry sources said. Demand for Chinese feed wheat, an alternative to feed corn, from South Korean grain importers se
Rain should continue over Brazil's center-west soyabean belt this week, as the region gears up to begin harvesting on a wider scale, meteorologist Somar predicted Monday.
Indonesian palm oil producers are urging the government not to raise export taxes or apply export quotas to secure supplies for domestic refiners, saying such moves would hurt overseas demand, an industry official said on Monday.
Hyundai Steel Co, South Korea's second-biggest steel maker, said on Monday it is in talks with Japan's No 2 maker JFE Steel Co and Germany's ThyssenKrupp to broaden ties, but no details have been set.
Grain exports from the French port of Rouen totalled 532,720 tonnes for January 1-24, comprising 506,370 tonnes of wheat and 26,350 tonnes of barley, port officials said on Monday.
Dubai Ports World has won regulatory approval to build a 3.48 billion yuan ($448 million) container port project in east China, the country's top economic planner said on Monday.
Singapore bunker prices rose on Monday, with differentials to fuel oil cargo values firmer at $9-10, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $283-$285 a tonne, while its differential to fuel oil stood at $9.40 a tonne, up
Russian gold output is expected to fall 2-4 percent this year, the third consecutive year of decline, as open-pit placer deposits are becoming depleted, the head of the country's main industry lobby said on Monday.
Asian spot freight rates for mid-sized clean tankers loading from the Middle East continued a slide on Monday versus week-ago levels, as naphtha loadings remained thin for January.
Shanghai copper futures rose 1.65 percent on Monday, in volatile trade as the market reacted to sales of physical copper, dealers said. "Shanghai futures dipped briefly at midday when physical premiums dropped. There are bits and pieces of business like t
Tokyo precious metals futures rose on Monday as the yen's decline to a four-year low fuelled across-the-board buying, prompting the key gold contract to revisit the 8-month high touched last week.
Gold bounced back on Monday, tracking a rise in Japanese futures, but a firm dollar ahead of a meeting of the US Federal Reserve capped gains and the metal struggled to recapture the $650 level hit last week.
Malaysian tin fell 1.3 percent on Monday, snapping an eight-day rally that lifted prices to record highs. A dealer said sustained Japanese and European demand helped cushion the fall.
Asian middle distillates rose on Monday in tandem with crude futures, but the regrade weakened to nearly a 7-month low on gas oil's strength, slack heating fuel demand in Japan and growing jet fuel supplies.