AutoZone Inc, the largest US auto parts retail chain, on Tuesday posted a 1.7 rise in quarterly earnings as gross margins improved under tough industry conditions, and its shares rose as much as 4.6 percent.
US retailer Best Buy Co reported better-than-expected second-quarter earnings on Tuesday, helped by international sales and demand for computers and video games, and raised its full-year profit forecast, pushing its shares up more than 5 percent.
US retailer Best Buy Co reported better-than-expected second-quarter earnings on Tuesday, helped by international sales and demand for computers and video games, and raised its full-year profit forecast, pushing its shares up more than 5 percent.
French wines and spirits group Pernod Ricard reported a forecast-beating rise in full year profits and said it would split its shares as it predicted another strong year of growth.
French wines and spirits group Pernod Ricard reported a forecast-beating rise in full year profits and said it would split its shares as it predicted another strong year of growth.
Estonia's government has approved a draft 2008 budget with a surplus of just over one percent of gross domestic product to try to cool down the economy, but the central bank on Tuesday urged greater ambition.
Kingfisher Plc, Europe's biggest home improvements retailer, reported a 6.2 percent increase in first-half profit on Thursday but warned that it expected the second half would be tough in the UK market.
Kingfisher Plc, Europe's biggest home improvements retailer, reported a 6.2 percent increase in first-half profit on Thursday but warned that it expected the second half would be tough in the UK market.
Thai share prices closed 0.45 percent higher on Thursday led by the energy sector, which was buoyed by soaring global oil prices, dealers said. They said investors were also upbeat following a bold US interest rate cut aimed at boosting the US economy.
Philippines share prices closed 2.36 percent up to a seven-week high on Thursday in an extended celebration of the US Federal Reserve's larger than expected interest rate cut, dealers said. The composite index added 79.40 points to 3,442.38, off the day's
Hong Kong blue chips rose 0.6 percent on Thursday, led by China Mobile, while strong momentum swept up underplayed issues like mainland lenders and conglomerate Hutchison Whampoa. Oil producer PetroChina Co Ltd also jumped after it had been sidelined in t
US stocks rose on Wednesday as investors extended a rally a day after the Federal Reserve's bold rate cut, betting that lower borrowing costs would keep the economy from slowing further and boost profits.
Malaysian share prices closed 0.9 percent higher on Thursday as gains in plantation, industrial firms and select blue chips offset profit-taking of other stocks, dealers said. They said investors sold into strength following Wednesday's sharp rise sparked
Long-dated US Treasury bond prices slid on Wednesday as investors bet interest rate cuts from the Federal Reserve will stoke inflation despite signs that price increases actually moderated last month. The Fed slashed the benchmark federal funds rate by a
Long-dated US Treasury bond prices slid on Wednesday as investors bet interest rate cuts from the Federal Reserve will stoke inflation despite signs that price increases actually moderated last month. The Fed slashed the benchmark federal funds rate by a
Taiwan stocks rose 0.6 percent on Thursday as gains on Wall Street supported technology exporters such as Hon Hai, largely ignoring a FTSE decision to hold Taiwan at advanced emerging market status. The main TAIEX share index had jumped as much as 2 perce
Japan's benchmark Nikkei average eked out a narrow gain on Thursday of 0.20 percent after seesaw trade, with gains in steel and commodity-linked firms countering sales of semiconductor-linked shares such as Sumco Corp Shares of Aiful Corp and other consum
Singapore share prices closed 1.2 percent lower in cautious trade on Thursday as investors locked in profits from recent gains in select blue chips and property stocks, dealers said. Most investors were on the sidelines amid lingering concerns over furthe
Indian share prices rose 0.15 percent to a second straight record close on Thursday a day after a record surge in reaction to the US Federal Reserve rate cut, dealers said. They said market sustained Wednesday's gain, its sharpest single day rise at 4.17
Jakarta share prices closed 0.4 percent lower on Thursday as investors moved to cash in gains after the market's strong rally a day earlier, dealers said. The Jakarta Stock Exchange composite index closed down 8.71 points at 2,304.63, off a high of 2,331.
China's yuan ended marginally lower against the dollar on Thursday, despite another slide by the US currency in global markets, as the Chinese central bank again acted to keep the yuan soft. The yuan edged up in the late afternoon to an intra-day high of
The dollar moved sideways but held above a 15-year low against a basket of currencies on Thursday as investors awaited testimony from Federal Reserve Chairman Ben Bernanke later in the day for more clues on monetary policy.
The dollar rose from a 15-year low against a basket of currencies on Wednesday as investors bet the Federal Reserve's deep interest rate cut the previous session will help boost a slowing US economy. The Fed slashed the benchmark federal funds rate to 4.7
Interbank buy/sell rates for the taka against the dollar on Thursday. 68.70/68.71 (previous 68.70/68.71). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent.
The Indonesian rupiah hit an eight-week high, the Indian rupee surged to a 9-year peak and other Asian high-yielders rose on Thursday, extending the rally sparked by a large US interest rate cut. The dollar fell broadly, hitting record lows below $1.4 ver
The Swiss franc rose strongly against the dollar and the euro on Thursday as investors positioned themselves for weaker markets after the previous session's rally, with traders becoming more risk averse. "The European market is going to be in the negative
Former national skippers and Fifa referees have hailed Pakistan Football Federation (PFF)'s President Makhdoom Syed Faisal Saleh Hayat for taking tangible measures to give boost to the game of football among Pakistani men and women.
Pakistan Cricket Board (PCB) Chairman Dr Nasim Ashraf on Thursday said that notification of PCB Constitution is being issued by the Ministry of Sports on Friday and the Board Constitution will be effective from September 21.
Fast bowling discovery Morne Morkel has been included in the South African squad that will play two Test matches in Pakistan next month. The tall Morkel, 22, has been South Africa's best bowler in the World Twenty20 tournament with eight wickets in four m
Former world number one Lindsay Davenport powered into the quarter-finals of the China Open on Thursday, notching her seventh straight win since rejoining the tour after giving birth in June. World number three Jelena Jankovic also reached the quarter-fin
Etihad Airways, the national airline of the United Arab Emirates, has signed a three-year deal to be a Platinum Sponsor and Official International Airline' Partner of Chelsea Football Club, says a press release issued recently.
Jose Mourinho's three-year reign at Chelsea came to an abrupt end on Thursday as the Portuguese manager's fraught relationship with the club's Russian owner, Roman Abramovich, finally reached breaking point.
Australia's pace bowlers sent Sri Lanka crashing out of the World Twenty20 championships at Newlands Thursday. "We're rising to the occasion," said stand-in Australian captain Adam Gilchrist. "We are more experienced in the big games."
Pakistan posted a comfortable win over Bangladesh at Newlands on Thursday. Australia defeated Sri Lanka by ten wickets. While, India beat host South Africa and qualified for the semi-finals.
Pakistan posted a comfortable win over Bangladesh at Newlands on Thursday. Australia defeated Sri Lanka by ten wickets. While, India beat host South Africa and qualified for the semi-finals.
Thousands of people from across the United States descended on a small town in central Louisiana on Thursday to protest what they say is injustice against six black teenagers charged over a high school fight. Protesters arrived in buses and cars from citi
After months of campaigning, millions of dollars spent and hundreds of speeches, Republican presidential candidates are locked in a tight bunch with none emerging as the clear-cut leader.
Russia's little-known new prime minister, Viktor Zubkov, honed his image as a tough politician at his first full cabinet meeting Thursday, berating ministers and demanding they be "more serious." "I want to seriously warn everybody ... to be more serious
EU President Portugal would find it hard to bar Robert Mugabe from an EU-Africa summit and will push ahead with the event despite British Prime Minister Gordon Brown's threat to boycott the event, a source close to the presidency said.
Technology firms dominated as Taiwan led China in a list of the best 200 Asian companies with annual revenues of under one billion US dollars, Forbes Asia business magazine said Thursday.
Arab and Islamic countries on Thursday condemned Israel for declaring the Gaza Strip an "enemy entity", and accused Israeli forces of killing Palestinian civilians, detaining parliamentarians, and destroying property.
Britain has amassed a stockpile of more than 100 tonnes of plutonium - enough for 17,000 bombs of the size that flattened Japan's Nagasaki in 1945, a report from the country's top science institution said on Thursday.
US Secretary of State Condoleezza Rice assured Palestinians on Thursday that Washington intended a Middle East peace conference to put them firmly on the road towards statehood but gave no specifics.
Israeli soldiers killed two Palestinians on Thursday in fighting during an incursion into the Gaza Strip, local ambulance workers and hospital officials said. Gunmen confronted the Israeli force and set off explosives, and an Israeli helicopter also took
Four people were killed in two car bomb attacks in Baghdad on Thursday, one of which killed two Iraqi soldiers at a checkpoint in the teeming Sadr City slum, security officials said. The bomb that exploded at Sadr City, bastion of the Mahdi Army Shiite mi
A state of emergency has been declared in several regions of Uganda, one of worst affected among 18 countries hit by rains and floods across Africa, officials said Thursday. "A declaration for a state of emergency has been made," Minister for Disaster Pre
Violence in Iraq has fallen to its lowest level since before a 2006 mosque attack which unleashed the deadliest phase of the Iraq war, the deputy commander of US forces in Iraq said on Thursday.
President Nicolas Sarkozy seeks to win support on Thursday for his drive to shake up France's creaking social security system and modernise the civil service, despite a strike threat by disgruntled unions.
About 500 Buddhist monks held prayers inside Myanmar's holiest shrine in Yangon on Thursday after being locked out for two days to prevent them launching a formal religious boycott of the ruling military junta.
Saudi Arabia and other US allies were among 11 countries named to the UN watchdog International Atomic Energy Agency's 35-nation board of governors on Thursday. US allies like Ireland and the Philippines were among the incoming 11 while US adversaries Cub
Iran unveiled on Thursday a new home-grown fighter jet amid growing tensions with the United States, saying the plane could "blind the eyes" of its enemies. State television showed pictures of two "Saegheh" (Thunder) fighters - said by Iran to be similar
US President George W. Bush said Thursday he was committed to a peaceful deal to halt Iran's nuclear programme, while vowing to "keep the pressure" up on the Islamic regime through UN sanctions.
Sterling dropped to its lowest in 1-1/2 years against a broadly strong euro on Thursday, weakening beyond 70 pence as investors continued to sell the currency on the view UK interest rates have peaked and may be cut. The pound, however, gained against a g
The dollar sank to a fresh record lows below $1.40 per euro on Thursday, weighed down by a hefty US interest rate cut earlier this week and expectations of more moves to come.
The dollar tumbled to a record low against the euro on Thursday and reached parity with the Canadian currency for the first time in 31 years on expectations of more cuts in US interest rates after this week's sharp reduction.
The Indian rupee hit a nine-year high of 39.85 per dollar on Thursday, taking its gains for the year to 11 percent, stoking expectations of central bank action to curb it and fuelling government concern about exports.
European credit spreads tightened on Thursday, boosted by forecast-beating results from Goldman Sachs that eased worries about how investment banks have performed in the recent financial market crisis.
European credit spreads tightened on Thursday, boosted by forecast-beating results from Goldman Sachs that eased worries about how investment banks have performed in the recent financial market crisis.
US stocks edged lower on Thursday as weakness in the dollar raised worries about inflation two days after the Federal Reserve's aggressive interest rate cut. A lowered earnings outlook from package delivery company FedEx Corp raised doubts about growth in
Chinese main stock index surged more than 1 percent to a fresh record high on Thursday, led by soaring airline stocks. But turnover shrank as IPOs diverted money from the market. The Shanghai Composite Index ended at 5,470.065 points, after hitting a new
Britain's top share index fell on Thursday, as worries over Northern Rock and other mortgage lenders returned, halting the previous session's euphoria that was triggered by an aggressive US rate cut. Britain's FTSE 100 index closed 0.48 percent lower at 6
US corn exports stand to benefit if China curbs its exports or imports the grain to contain food inflation, but high prices would likely deter imports by China this year. China's National Development and Reform Commission (NDRC) said it will encourage imp
A business revamp has helped Italy's former No 1 mass market jeweller Uno A Erre boost sales and partially recover market share, its chief executive said. Uno A Erre, founded in 1926 in Arezzo, a major Italian goldsmith centre, has like other Italian jewe
London robusta coffee futures closed down on Thursday, with prices now well below nine-year highs touched earlier this week as investors favoured the New York market over London, dealers said. Cocoa ended higher, just shy of 1,000 pounds per tonne, while
Indonesia's wheat imports from the United States may grow by 10 percent in 2007/2008 from the previous year because of tight supplies from Australia, a US industry consultant said on Tuesday. Indonesia imported 731,300 tonnes of wheat from the United Stat
Cotton futures closed higher on Thursday on speculative and fund short-covering as the rally in other commodity markets quickly reversed a short-lived downward correction in fibre contracts, brokers said. ICE Futures open-outcry December cotton contract r
China, India and the United States, the major platinum jewellery markets, would be hit hardest if the white metal catches up with the gold rally, a senior executive at Platinum Guild International said on Monday.
Copper futures prices touched a new seven-week high on Thursday, taking their cue from the weak dollar and improved sentiment after the US Federal Reserve's rate cut earlier this week. Copper for three-month delivery on the London Metal Exchange touched $
Spot gold prices surged to a 28-year high in European trade on Thursday, as the dollar sank to record lows against the euro and oil traded near all-time highs - raising the precious metal's appeal for investors. Gold rose 2 percent to $735.85 an ounce, it
Chicago Board of Trade December wheat futures turned down past midday Thursday, losing ground to corn which remained strong as traders moved their money out of wheat and into corn, traders said. The trend began on Wednesday. December wheat was down 3-1/4
Chicago Board of Trade corn futures were expected to open 4 to 6 cents a bushel higher on Thursday, buoyed by export demand and the weak dollar as well as carryover buying from unwinding wheat/corn spreads. Overnight screen trends in corn were 4-6 cents h
Soyabean futures at the Chicago Board of Trade were called to open 7 to 10 cents per bushel higher on Thursday, lifted by prospects for demand to pick up as top world soya buyer China considers cutting its import duty on soyabeans, traders said.
US copper futures hit a seven-week high in early business on Thursday, as a new record low in the dollar versus the euro boosted the industrial metal's appeal and extended the market's weekly gains, brokers said.
US gold futures jumped more than 2 percent early on Thursday, adding to the previous session's gains, as the dollar sank to an all-time low against the euro and crude oil again rallied to record highs. Yet, investors should be cautious as weakness in tech
Islami Jamiat-e-Talaba (IJT) will launch countrywide protest from September 25 against the 'terrorism of MQM' and would continue demonstration till registration of FIR against the MQM chief Altaf Hussain and his supporters for 'killing a number of student
The financial Highlights table in the "Rafhan Maize Brief Recordings" on September 20, 2007 erroneously contained "ICI" in the table description. It should have been 'Rafhan Maize Financial Highlights'.
The financial Highlights table in the "Rafhan Maize Brief Recordings" on September 20, 2007 erroneously contained "ICI" in the table description. It should have been 'Rafhan Maize Financial Highlights'.
The leaf blight on rice crop, especially on super basmati variety, has been increased in some parts of the rice growing areas, reveals a Directorate General of Pest Warning report.
The Auqaf Department is working on a comprehensive strategy to improve level of services by providing better facilities to the visitors besides ensuring better management and maintenance of Auqaf properties dedicated for religious, pious and charitable pu
Jafakash Aurat Project, Supporting Skills and Enterprise Development amongst Gwadar Women is a unique project and displays the Government Private Partnership initiative. The project is funded by Ministry of Women Development and executed by Khushhali Bank
Many are the warning signals for our Army bigwigs not to remain in denial and to wake up. Recent massacre of Army Jawans all over Pakistan, surrender by hundreds of soldiers to ragtag Taliban, Lal Masjid mess, desertion of army personnel on foreign missio
Kiun is everybody crying and shouting about Atta becoming rarer than gold and getting out of reach of the poor? Pagal brainless people hain the people who cannot afford to buy Atta anymore to feed their family at least half-a-meal a day to survive at the
While other teenagers were celebrating their high-school graduation, 18-year-old James Chan was in hospital donating most of his liver to his father. "I didn't give it a second thought. It was just something I had to do because my sister was too young (to
Order: The undertaking, M/s. Searle Pakistan Ltd, engaged in the manufacture of pharmaceutical products and low calorie sweeteners, sale of food and consumer items and manufacture of pharmaceutical items for other companies in Pakistan, (hereinafte
As many as 200 open plots in Karachi's SITE area are being misused by factory owners for dumping toxic waste and other effluents, which poses a grave threat not only to the inhabitants of the nearby localities, but also to the environment of the whole cit
Ordinary people are sometimes made to suffer from mistaken policies of the government. The price of wheat, which is the main staple diet of all and sundry and largest grain crop of the country, is increasing day by day and nobody has a clue to when it is
ZRG international, nation's market leader in the contact center solutions has been selected by Smart Link Inc, Saudi Arabia to deliver flexible open standards based Intel CTI technology.
Pakistan Standards and Quality Control Authority (PSQCA) vigilance team visited M/s Shaikh Oil Mills, Korangi Industrial Area and M/s Farooque Oil Mills Karachi, exercised under the supervision of the Director Conformity Assessment along with Deputy Direc
Sindh government has planned to establish five special traffic courts in the province to handle the growing number of traffic related cases, Business Recorder learnt here on Thursday. Sources in the Sindh Law Department said the decision had been t
The world mourns the loss of a remarkable human being who embodied the best of both corporate as well as socially responsible values, and taught businesses to succeed with a conscience. Dame Anita Roddik was synonymous with her brainchild, the Body Shop,
The JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of First Credit and Investment Bank Limited (FCIBL) at 'BBB+' (Triple B Plus) with a 'Stable' outlook. The short-term rating has also been reaffirmed
The JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of First Credit and Investment Bank Limited (FCIBL) at 'BBB+' (Triple B Plus) with a 'Stable' outlook. The short-term rating has also been reaffirmed
JCR-VIS Credit Rating Company Limited has assigned an Insurer Financial Strength rating of 'A' (Single A Minus) to UBL Insurers Limited (UIL). Outlook on the assigned rating is 'Stable'. The UIL has an experienced management team, which has held a lengthy
JCR-VIS Credit Rating Company Limited has assigned an Insurer Financial Strength rating of 'A' (Single A Minus) to UBL Insurers Limited (UIL). Outlook on the assigned rating is 'Stable'. The UIL has an experienced management team, which has held a lengthy
Sindh Minister for Labour, Transport, Industry, Commerce and Cooperation, Muhammad Adil Siddiqui has informed business community that a cabinet meeting scheduled to be held in next few days would give approval for two projects including desalination of se
The Federal Minister for Health Muhammad Nasir Khan on Thursday said that government would take strict action against illegal transplant centres and hospitals functioning in the country to regulate transplantation of human organs.
Punjab Minister for Colonies Mian Manazar Ali Ranjha has said that process of allotment of state land to the landless farmers would remain continue and more plots of 5-Marla would be distributed among the shelterless people.