BNP Paribas, France's biggest listed bank, reported a 20 percent rise in second-quarter net profit on August 01 that beat forecasts as it benefited from record earnings at its investment bank arm.
BNP Paribas, France's biggest listed bank, reported a 20 percent rise in second-quarter net profit on August 01 that beat forecasts as it benefited from record earnings at its investment bank arm.
US cable giant Liberty Global is considering submitting a bid for British media company Virgin Media, the American firm's chairman told the Financial Times in an interview published on July 30.
Global Investment House, Kuwait's biggest investment bank by market value, said it would almost triple its stake in Jordan's Union Bank and enter Saudi Arabia this year as it expands abroad.
Eager to calm its red-hot stock market, South Korea is encouraging state firms to go public, but investors and big banks will have to wait until next year at least before crown jewels like Incheon International Airport Corp enter the IPO scene.
Henry Kaufman is staying true to his sobriquet as Dr Doom with a new prediction: The Federal Reserve will be forced to slash interest rates if stock markets fall steeply.
Ryanair posted a better than expected rise in its first-quarter profit on July 31 and said it would beat full-year goals by cutting some winter routes rendered unprofitable by increased costs and taxes in the UK.
Ryanair posted a better than expected rise in its first-quarter profit on July 31 and said it would beat full-year goals by cutting some winter routes rendered unprofitable by increased costs and taxes in the UK.
The Dutch shareholders' association VEB on August 02 asked an Amsterdam court to order a probe into possible mismanagement at ABN Amro in the bank's handling of a take-over battle raging over it.
New EU securities rules offer upstart platforms the best opportunity yet to wrest trading volumes from established stock exchanges after a string of past failures, cutting costs for investors in the process.
New EU securities rules offer upstart platforms the best opportunity yet to wrest trading volumes from established stock exchanges after a string of past failures, cutting costs for investors in the process.
Thai share prices are likely to rebound following recent losses triggered by worries over the US housing market, dealers said. "We may see a technical rebound. Foreign investors are expected to buy back shares on bargain hunting," said Chai Chirasevenupra
Malaysian share prices are expected to continue volatile trade in the week ahead as investors remain jittery after global markets suffered a sharp correction over fears of a US credit crisis, dealers said.
Taiwan share prices are expected to stage a technical rebound next week after a roller-coaster ride amid concerns about the outlook for Wall Street in the face of growing problems in the US home loan market, dealers said Friday.
Japanese government bonds edged higher on Friday, after US Treasuries climbed the previous day on nagging concerns about deteriorating credit conditions.
Japanese government bonds edged higher on Friday, after US Treasuries climbed the previous day on nagging concerns about deteriorating credit conditions.
Asian currencies ended the week mixed against the US dollar after global share prices rebounded and as dealers predicted a rise in Australian interest rates.
Bangladesh's central bank said on Sunday it accepted one-day reverse repos worth 15.85 billion taka ($231 million) at a 6.50 percent interest rate. On Thursday, before the Friday and Saturday weekend, the bank accepted reverse repos worth 16.67 billion ta
Indian overnight money rates jumped to one-month highs on Friday as banks borrowed funds before a 50 basis points increase in banks' cash reserve ratio (CRR) kicks in this weekend.
Indian overnight money rates jumped to one-month highs on Friday as banks borrowed funds before a 50 basis points increase in banks' cash reserve ratio (CRR) kicks in this weekend.
Philippines share prices are expected to face another tough time next week, with investors looking for support from Wall Street amid continued concern over US sub-prime mortgages, dealers said.
South African local bond yields shot to three-year peaks and the currency firmed to a one-week high on Friday after hawkish central bank comments, the moves coming against a generally calmer emerging markets backdrop.
South African local bond yields shot to three-year peaks and the currency firmed to a one-week high on Friday after hawkish central bank comments, the moves coming against a generally calmer emerging markets backdrop.
Turkish markets are seen extending gains on Friday amid a brighter mood in global bourses following this week's sharp declines. "There is a positive mood overseas and at home too there are positive expectations about inflation data (due after market close
Indian share prices are set to experience another week of volatile trade as investors and funds continue to be impacted upon by sentiment from uncertain global market trends, dealers said.
Indonesian share prices are expected to see mixed trade in the week ahead with investors cautious over regional sentiment, dealers said Friday. "In the short term, the market will still be fluctuating and very receptive to regional sentiment as it did thi
Australian share prices face continued volatile trade next week with investor confidence still shaky following recent sell-off sparked by problems in the US sub-prime mortgage market, dealers said Friday.
Japanese share prices are likely to remain under pressured as investors stay vigilant about problems in US sub-prime mortgages for now, analysts said. The market is also expected to be on the alert for any further rise in the yen, which hit a four-month h
Embattled Japanese Prime Minister Shinzo Abe apologised on Sunday to survivors of the US 1945 atomic bombing of Hiroshima for remarks by his former defence minister that had appeared to condone the attack.
Iran has no intention of suspending its atomic work and has not slowed down its disputed nuclear activities, a Foreign Ministry spokesman said on Sunday. "Iran's nuclear activities continue as planned and scheduled," Mohammad Ali Hosseini told a weekly ne
A team of experts from the United Nations nuclear watchdog agency arrived in Japan on Sunday to inspect an earthquake-damaged nuclear plant, after pressure from local authorities worried about safety.
Tens of thousands of Lebanese voted on Sunday to choose successors to two assassinated anti-Syrian lawmakers in the latest showdown between the Western-backed government and its opponents.
Iran on Sunday showed off for the first time a new fighter jet said to be modelled on the American F-5 but built using domestic technology, state media reported. The "Azarakhsh" (Lightning) jet - one of the first to be home-produced by Iran - made a succe
China is to provide energy-starved North Korea with 50,000 tonnes of heavy fuel oil in mid-August as part of a nuclear disarmament deal Pyongyang reached with regional powers in February, Yonhap news agency said on Sunday.
The United States will have to make a strategic reassessment in mid-September if Iraq fails to pass laws aimed at reconciliation in the next few weeks, US Defense Secretary Robert Gates said Sunday.
Iraq's most senior leaders are to hold a crisis summit this week to find a way to heal the sectarian split in their beleaguered national unity government and head off more violence, they said on Sunday.
US Secretary of State Condoleezza Rice defended a 20 billion dollar arms sale to Saudi Arabia on Sunday, citing a brewing threat from Iran. She rebuffed suggestions that Saudi Arabia has not done enough to support the US-backed government in Iraq, saying
US forces killed the mastermind of two attacks on a revered Shia mosque at the heart of Iraq's bitter sectarian conflict during a crackdown on al Qaeda's Iraqi affiliate, the military said on Sunday.
The US House of Representatives early on Sunday approved more money for the Pentagon but not the unpopular Iraq war, which is expected to be the subject of a major legislative clash this fall.
More than 100 people, many of them widows, called Sunday for international help in identifying remains found in the latest mass grave to be uncovered in Afghanistan. The women, joined by a few children and men, gathered outside the UN mission in Kabul whe
Palestinian doctor Ashraf Alhajouj called on Sunday for an investigation into how he and five Bulgarian nurses were tortured to confess that they deliberately infected hundreds of Libyan children with HIV.
Sudan has expressed its anger to France for refusing to press a key Darfur rebel leader to attend a UN-African Union mediated meeting of rebels in Tanzania aimed at forging a united position ahead of peace talks.
Mining sector in Pakistan needs serious attention of policymakers to make Pakistan more prosperous and self-reliant, said sources close to mining industry.
Road infrastructure has a profound and enduring impact on the economic fabric with pivotal role in propelling country's economic growth on swift velocity. The most effective and sustainable way to address the scourge of poverty is to link backward and far
The Federal Ministry of Tourism has worked out to organise Freedom Jeep Rally from Ormara to Gwadar from August 12 to 14 to mark the 60th Independence Day under "Visit Pakistan Years-2007" aimed at promoting tourism sector in the province, official source
Opposition leader in the National Assembly and JUI-F chief Maulana Fazal-ur-Rehman has refused to attend the Pak-Afghan joint peace jirga to be held in Kabul from August 9 to August 11, his spokesman said Sunday.
PML-N Acting President Javed Hashmi has said that Benazir Bhutto wants to quit the opposition, "but we will force her to stay with us". He was addressing here his first news conference after release from jail on bail on Sunday at PML-N provincial office.
Booming GDP has spurred demand for cement. Compound Annual Growth Rate (CAGR) of cement sales for the past five years has been 17%. Maple Leaf Cement Factory Limited (MLCFL) is one of the largest cement factories in Pakistan. The company has a diversified
Hundreds of EOBI pensioners living in Gulistan-e-Jauhar have been experiencing great physical, mental, financial and time problems to travel to the far located NBP branches for drawing their pensions, as no NBP branch previously operated in this area.
The National Bank of Pakistan has recently shifted its NBP (COD Branch) from Shahrah-e-Faisal to Rufi Shopping Mall in Block-18, Gulistan-e-Jauhar, Karachi. This has indeed facilitated all residents specially those NBP account holders in general and paved
My grandson, welcome to Pakistan. I am sorry, Zayd, my generation has failed to give you a society that it could have been and has the potential to be. Last Wednesday when you were born, there must have been birth of roughly another 8700 babies in the cou
Supported by high and sustainable economic growth during 2000-2007 Pakistan has made key inroads: poverty incidence has reduced by 10% down to 24%, per capita income doubled to $925, and there has been steady progress in other Millennium Development Goals
As expected, the recently concluded US-India nuclear deal has triggered sharp response from Pakistan. Of course, Pakistan did not say in so many words that it would match India's US-assisted nuclear capability bomb by bomb, but it also did not say that it
Pakistan is unlikely to attract any new IPPs in future as the Petroleum Ministry has denied gas availability to gas-fired or dual-fuel based thermal projects in future, says a Recorder Report quoting ministry sources.
The office- bearers of Sukkur Small Traders (SST) have called upon the management of Hyderabad Electric Supply Comapany (HESCO) at Sukkur to immediately end load-shedding and ensure constant power supply. In a statement issued on Saturday, Haji Hussain Ha
A Citibank management delegation, headed by its Managing Director and Country Corporate Officer Zubyr Soomro, called on Punjab Chief Minister Pervaiz Elahi and expressed the bank's deep interest in providing financial assistance for mega developmental pro
The government is according top priority to technical education and vocational training in Pakistan and funds are being allocated generously for this purpose.
PML-Q Central leader Kabir Ali Wasti has termed the re-election of President General Pervez Musharraf in uniform will be undemocratic and immoral. Talking to a private television network, he said the PML has capable and suitable candidates for Presidentia
The degree awarding status to Overseas Pakistanis Foundation (OPF) Girls College F-8/2 Islamabad would be announced soon, said Managing Director, Syed Nayyer Hasnain Haider. Presently, Balochistan University of Information Technology and Management Scienc
This year the nation would celebrate 60th Independence Day on August 14 and in this regard, preparations are in full swing to celebrate the day with zeal and fervour in twin cities of Rawalpindi and Islamabad.
Over 45 medical teams of the federal, provincial and Punjab governments are providing comprehensive health services to flood-stricken people in collaboration with different national and international NGOs and respective district governments in flood-hit a
Sialkot district government has allocated more than Rs 400 millions during current fiscal for the construction of 200 KM long new roads in Sialkot, Pasrur, Daska and Sambrial tehsils of the district.
Vice Chancellor Liaquat University of Medical and Health Sciences (LUMHS) Professor Noushad Ahmed Shaikh has said that the government has launched different multi-dimensional health projects for the betterment of health of the people.
Sindh Governor Dr Ishratul Ibad Khan has said that the Call Center established by City District Government Karachi (CDGK) is one of the modern centre and it will play importunate role for the solution to the citizens' problems on the spot besides restorin
The Met office has forecast partly cloudy weather with chances of drizzle/light rain with maximum temperature expected to range between 33-34 centigrade for Karachi on Monday.
Consul General of France, Pirre Sellan, has said that the fast pace at which the development activities are being carried out in the city will not only enhance the city's significance internationally, but also help attract more and more foreign investment
Dyes had slight edge on the higher side while the rest of the items fluctuated modestly while cereals and grams prices moved both wats on the commodity wholesale market during the week ended on August 4,2007.
The Directorate of Intelligence and Investigation, Karachi, had detected 25 cases involving evasion of customs duty and taxes to the tune of Rs 620 million during financial year 2006-07. A Summary of these cases, provided to Business Recorder here
Expressing concern over the growing violation of international standards of Corporation Social Responsibility (CSR) and Petroleum Concession Agreement (PCA) with the Pakistan government by national as well as multinational oil and gas exploration companie
The apprehensive situation created by continual rains resultantly restricted supplies caused prices push to seasonal peak Rs 3325. The spot rate, too was up by Rs 100 in due course of time to close on Thursday at Rs 3000 during the week ended on August 4,
The apprehensive situation created by continual rains resultantly restricted supplies caused prices push to seasonal peak Rs 3325. The spot rate, too was up by Rs 100 in due course of time to close on Thursday at Rs 3000 during the week ended on August 4,
Punjab government has evolved a strategy for providing hygienic drinking water, installation of water meters and to improve sanitation system in various districts of the Punjab.
Traders staged a demonstration against US Republican presidential candidate Tom Tancredo, who had suggested a US attack on Muslim holy places and said that Muslim Ummah and OIC should take notice of Tancredo's utterances who had said that US government sh
Acting PML-N president Javed Hashmi is expected to arrive at Multan on August 13 and he will be accorded warm welcome at Chowk Kumharanwala by Multan organisation.
After the establishment of highway patrolling posts, the city's crime rate has reduced immensely. The Multan Patrolling Police have helped hundreds of passengers and missing children were handed over to their parents besides combating the traffic rules vi
The government was actively considering over a proposal for establishing an advanced 'Raw Material Bank' in the country with a sole aim of providing raw material to the surgical manufacturers and exports on fixed rates.
The president, Sialkot Chamber of Commerce and Industry (SCCI), Sheikh Abdul Waheed Sandal, has said the modification in refinancing limits and resource sharing arrangements of Export Finance Scheme would create serious problems for the exporters of the c
The Punjab government is evolving a strategy to control the sale of substandard seed of different crops and take action against the seed companies selling seed which does not meet germination standards.
The National Database and Registration Authority (Nadra) offices in Multan are facing an influx of applicants for machine readable passports as the Umrah season approaches, it is learnt here on Sunday. More people want to perform Umrah in the month of Ram
The Speaker National Assembly Choudary Amir Hussain on Sunday strongly condemned the suicidal attacks in Parachinar and Waziristan and termed it a shameful and naked aggression against mankind.
Faridia Students Movement (FSM) leaders have warned not to compel thousands of male and female students of Jamia Hafsa and Fairidia for adopting path of revenge and terrorism.
The Pakistan Institute of Medical Sciences (Pims) will run a trauma centre to be set up at Motorway to provide medical aid to the people. According to official sources, these services will help save precious lives as all basic facilities will be provided,
The National Assembly session resumes here on Monday after weekend break to start debate on country's foreign policy and US presidential candidates' controversial remarks about Pakistan and Muslim holiest places in Makkah and Madina.
Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has warned all members of All Parties Democratic Movement will resign and approach Supreme Court if President Pervez Musharraf tries to re-elect himself from the present assemblies.
Sindh Taraqi Pasand Mallah Tanzeem, working for welfare of local fishing community of Sindh for last more than forty years, has called for immediate notification to issue licenses for fishing in fresh waters, in pursuance of directives from Sindh Chief Mi
The government is according top priority to technical education and vocational training in Pakistan and funds are being allocated generously for this purpose. This policy of the government would help Pakistan compete in the emerging markets around the glo
Pakistan Millat-e-Jafaria has demanded of the government to allot Haj quota to the Shia community as per its population ratio. At a press conference here on Sunday, Senator Abbas Kumali, President, Millat-e-Jafaria Pakistan also accused the NWFP governmen
Chairman of Jammu and Kashmir Liberation Front (JKLF) Muhammad Yasin Malik has urged India and Pakistan to seize the opportunity and settle the Kashmir dispute to secure durable peace and prosperity in Jammu and Kashmir and South Asia.
Three persons including an Engineer were kidnapped from National Highway near Sakrand town during late night. According to available information, engineer Arshad Hussain Memon working in a motorcycle company was returning to Nawabshah along with his broth
The present government is committed to provide maximum health facility and better education to the masses particularly to the poor living below the line of poverty, for which the budgetary allocation has been increased.
Executive District Officer Health Dr Sharif Rathor and District Focal Person Dr Masood Hussain Jafri have said that anti-polio drive will start from August 7 this year and continue till 9th August during which the health teams will administer anti-polio d
Muhammad Hussain Mehnati and Muhammad Laiq Khan, MNAs of Muttahida Majlis-e-Amal (MMA) have condemned the ongoing load shedding in the city and termed it a failure of Karachi Electricity Supply Corporation (KESC) and government.
Lyari Town will get 6 million gallons of additional water per day by August 14, said Lyari Town Nazim Malik Muhammad Fayyaz while inspecting laying of 33-inch water line from Bakra Piri to Miran Naka here.
Inspector General Police Sindh Zia-ul-Hasan Khan while addressing a high level meeting of senior police officers here on Sunday, issued directives for special security measures.
The Peace and Human Rights Trust (PHRT) has called upon the concerned authority to establish camps in villages of Hyderabad, Jamshoro, Matiari and Mirpurkhas for registration of votes of 30,000 "haris" (peasants). It also called upon NADRA to provide assi
Bank Islami has gained momentum in Pakistan with successful working of 14 branches across the country in a short span of one year. Sixteen more operating branches of Bank Islami Pakistan are in the offing throughout Pakistan by the fall of the current cal