US corporate bond spreads narrowed in on Friday as the stock market rose and investors looked past Thursday's bombings in Madrid and focused on the relatively strong US corporate profit outlook.
Euro zone government bond yields fell on Friday as investors ploughed into safe haven assets amid uncertainty about who planted bombs which claimed nearly 200 lives in Madrid a day ago.
Euro zone government bond yields fell on Friday as investors ploughed into safe haven assets amid uncertainty about who planted bombs which claimed nearly 200 lives in Madrid a day ago.
Argentine stocks rose 1.78 percent on Friday as investors regained confidence a day after bomb attacks in Madrid that killed nearly 200 people, traders said.
Georgia-Pacific offered a pleasant surprise for credit investors on Friday by selling its building products distribution business for an after-tax gain of $780 million, to be used for debt reduction.
Georgia-Pacific offered a pleasant surprise for credit investors on Friday by selling its building products distribution business for an after-tax gain of $780 million, to be used for debt reduction.
Japanese blue chip stocks may struggle to move higher in coming months as Wall Street falters but a bull run in the shares of smaller firms, whose market index is near three-and-a-half-year highs, shows little sign of ending.
Indian stocks, already down $16 billion in market capitalisation in 2004, are bracing for further falls as the benchmark index is set to breach a key support level, analysts said on Friday.
Treasury prices retreated on Friday as an essentially stable reading on US consumer confidence gave bond traders an excuse to sell after a giant rally over the past week.
Treasury prices retreated on Friday as an essentially stable reading on US consumer confidence gave bond traders an excuse to sell after a giant rally over the past week.
Mexican stocks erased early gains on Friday while the peso currency partially recovered from initial losses after Mexico's central bank tightened monetary policy to check inflation.
Toronto stocks closed higher for the first time in five sessions on Friday as bargain hunters descended on the market and stemmed its slide, helping offset a weak Canadian employment report and jitters over the Madrid bomb attacks.
US stocks staged a robust recovery on Friday from four days of heavy losses as investors put aside security fears triggered by the attacks in Madrid and bought heavyweight technology stocks.
Democratic presidential candidate John Kerry, visiting the site of one of the most famous political debates in US history, planned to challenge President George W. Bush on Saturday to a "real discussion about America's future" in a monthly series of debat
US Marines have killed two more gunmen after coming under fire in Haiti as US forces struggled to restore order in the tense Caribbean nation, US Marines said on Saturday.
Under Western pressure to hunt down one of the world's most wanted men, Bosnian Serb police said they launched a large-scale search on Saturday for war crimes fugitive Radovan Karadzic.
The UN atomic watchdog sharply reprimanded Iran on Saturday for withholding sensitive nuclear information, in a resolution that diplomats said left open the option of UN sanctions if Tehran did not co-operate.
Arab television channel Al Jazeera broadcast a videotape on Saturday of the man it said was the leader of Arab fighters in Chechnya, vowing to stage a new wave of attacks inside Russia.
Spain was burying its dead from the Madrid train bombings on Saturday, as the death toll climbed to 200 and cast a dark shadow over a Sunday general election.
Spain's intelligence service is "99 percent certain" that radical group and not the Basque separatist group ETA are responsible for train bombings that killed 200 people, a Spanish radio station said on Saturday.
Tens of thousands of South Koreans held a candlelit rally in the capital on Saturday to protest against the impeachment of President Roh Moo-hyun, hours after the acting leader appealed for calm.
The Palestinian Authority is awaiting Israel's green light to bury Palestinian militant Abu Abbas in the West Bank after the United States agreed to release his body, an official said Saturday.
The US-led authority in Iraq said on Saturday it would introduce a new border policy to try to keep out foreign insurgents, including closing off most of the official crossing points from Iran.
Singapore's PSA Corp Ltd, which runs the world's second-busiest container port after Hong Kong, said it handled 18 percent more containers in the first two months of this year compared with the same period a year earlier.
The line-up of vessels to load corn in Brazil's ports fell to 24 this week, down from 41 two weeks ago, as soybeans start to arrive at ports and take priority, a Sao Paulo-based brokerage said on Thursday.
Sea container traffic through Hong Kong, the world's busiest container port, rose seven percent to 20.4 million twenty-foot equivalent units (TEUs) in 2003, the Census and Statistics Department said on Thursday.
Winter shipping restrictions that have boosted freight costs at Russia's flagship Baltic crude loading port Primorsk are likely to be eased in the first 10 days of April, a port official told Reuters on Friday.
Oil tanker queues in Turkey's Bosphorus and Dardanelles straits have eased after recent congestion, helped in part by a new traffic navigation system, maritime officials said.
Panamax dry bulk rates have strengthened since late last week, lifted by strong demand for minerals shipments and expectations of new crop deliveries from South America, brokers said on Tuesday.
The Karachi Port handled 48,494 tonnes of cargo including 36,438 tonnes import and 12,056 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.
Ford Motor Co on Friday said it is still "on track" to reach its mid-decade earnings goal, but the rate of growth will slow this year and rising health care costs are a concern.
The US Securities and Exchange Commission on Friday asked for public input on the idea of eliminating paper share certificates to help speed the clearance and settlement of securities trades.
Boeing Co, the No 2 jetliner maker and No 2 Pentagon contractor, on Friday said Chief Executive Harry Stonecipher, who took office last December, is earning $1.5 million in annual base salary.
President George W. Bush, under attack in his re-election campaign over the failure to create new jobs, said Saturday that measures urged by his Democratic rival for the White House would lead to "economic disaster".
Opec ministers on Saturday differed over how to deal with oil's price surge, as the UAE said Opec may have to rethink a deal to reduce production but Iran said it was sticking to the cuts.
German Finance Minister Hans Eichel said in a newspaper interview released on Saturday that he was concerned about domestic demand, adding there was a risk in Germany that sentiment would peg back growth.
The United Nations World Food Programme (WFP) late on Friday awarded Thai rice in an international tender for 152,500 tonnes of rice as food aid for Iraq, a grain market source said on Saturday.
The Islamic bond market is set to grow sharply in the next few years as more Gulf Arab firms follow the example of Malaysian counterparts and sovereign issuers like Qatar and Bahrain.
The Islamic bond market is set to grow sharply in the next few years as more Gulf Arab firms follow the example of Malaysian counterparts and sovereign issuers like Qatar and Bahrain.
German luxury carmaker BMW AG plans to buy more of the parts it uses to assemble its cars in countries outside the eurozone to reduce the negative effect of a strong euro, a magazine said on Saturday.
Sri Lanka's economy is healing as it emerges from 20 years of civil war, but the country must curb political instability and may have to raise interest rates again, the International Monetary Fund said on Friday.
The head of Iraq's interim Governing Council went to Iran Saturday for talks on bilateral co-operation over oil and control of the two countries' mutual border, Baghdad officials said.
The Hotmail online e-mail service, operated by Microsoft Corp, was down for most of the working day on Friday, affecting "a significant portion of MS customers."
South Korea's vice finance minister has urged the national pension fund to help stabilise the stock market after shares tumbled on the unprecedented impeachment of President Roh Moo-hyun, media reported on Saturday.
South Korea's vice finance minister has urged the national pension fund to help stabilise the stock market after shares tumbled on the unprecedented impeachment of President Roh Moo-hyun, media reported on Saturday.
Oracle Corp said on Friday it received a statement of objections from the European Commission related to its proposed $9.4 billion bid to aquire rival PeopleSoft Inc.
The attendance at various federal government office in Karachi city including the Post Offices was very low on Saturday while work at bank branches was also very sparse due to the engagement of almost all the staff in the commentary of the Pak-India ODI.
International Cricket Council (ICC) president Ehsan Mani on Saturday hailed the revival of cricket ties between India and Pakistan, saying it has given the sport a boost.
Cricket fans spilled over into India's streets and danced to drumbeats Saturday to celebrate their team's win over arch-rival Pakistan in the opening one-day match of the historic series.
A magnificent crowd at the National Stadium witnessed a thrill-packed one-dayer between the two South Asian cricketing giants, India and Pakistan, on Saturday and in the end when the latter failed to overtake the tall and difficult target of 349 by just f
Pakistan captain Inzamam-ul-Haq struck a masterly 122 but was unable to prevent a thrilling five-run victory for India in the highest scoring match in one-day international history on Saturday.
Pakistan captain Inzamam-ul-Haq struck a masterly 122 but was unable to prevent a thrilling five-run victory for India in the highest scoring match in one-day international history on Saturday.
In the story State assets sale fetches Rs 42 billion; (your issue of February/ 29) while the Privatisation Ministry continues to focus on transparency in the sale of Habib Bank, it does not clarify to the public, which has a direct stake of Rs 36 billion
M/s Nagaria Textile Mills Pvt Ltd, our esteemed member complained that fruit vendors and vegetable merchants, occupied the surroundings of the mill on February 21, 2004 which is unauthorised and illegal.
With no hope of beating Russian President Vladimir Putin in this weekend's election, liberal contender Irina Khakamada is campaigning on a "no to authoritarianism" platform - with humour, elegance and a common touch.
They are the sons and daughters of immigrants and were President Jacques Chirac's foot soldiers in the battle to win the votes of their communities in France's bleak city suburbs.
Since the US launched its war on terror in the wake of September 11, 2001, Pakistani President General Pervez Musharraf has been busy fighting allegations that his country is a breeding ground for Islamic militants. The military strongman, who came to
Pakistan Industrial Credit and Investment Corporation (PICIC) - one of the oldest development finance institutions in the country - has ventured into housing financing with fairly sizeable loans over Rs 100 million to Aga Khan Ismailia Charitable Trust an
The National Productivity Organisation (NPO), under the Federal Ministry of Industries and Production, is reported to have taken up the task of facilitating modernisation, up-gradation and replacement of old and obsolete power looms which are operating mo
The local holiday in Karachi on March 13th, resulting in the closure of commercial and service activities, will have an overall adverse effect on the revenue generation, which in the country is about Rs 1.5 billion a day, based on 300 working days.
Anti-Narcotics Force (ANF) Punjab foiled a bid to smuggle 41 kg's white crystals heroin abroad and arrested a Nigerian Yemi red handedly from the Lahore airport.
There should be more exchange of delegations of artists and students as enhanced people-to-people contact will help making atmosphere conducive for boosting trade and improving government-to-government relations.
The seminar on 'Rabies in Asia', jointly organised by The Helpline Trust, Pakistan Medical Association and Sindh Rabies Forum will be held in PMA House on Wednesday, March 17, at 3.30 pm.
The textile quota exports to USA, Europe, Canada and Turkey showed a big jump of 31 percent in value and 17 percent in quantity during the first two months of the new quota year 2004.
Indonesia's Acting Consul-General Hikmat Moeljama has said that arrangements are being made for quick issuance of visas to businessmen, and that multiple visa would also be considered for Pakistani businessmen on priority basis.
Introduction of modern concepts and new avenues of export refinancing, like Avalised Bill of Exchange, are imperative for the promotion and development of SME sector.
Civil Aviation Authority (CAA), Allama Iqbal International Airport, will undertake an airport emergency exercise (full scale) on March 15 to test the response of all agencies working there.
The All Pakistan Textile Mills Association (Aptma) has urged the Central Board of Revenue (CBR) to expedite the decision on exempting further tax on supplies by manufacturers of spun yarn.
The All Pakistan Textile Mills Association (Aptma) has urged the Central Board of Revenue (CBR) to expedite the decision on exempting further tax on supplies by manufacturers of spun yarn.
With a view to extending international standard emergency services to people and strengthening the emergency medical services, the provincial government has provided a special grant of Rs one billion to the teaching hospitals.
The US Assistant Secretary of State, Torkel Patterson, accompanied by Consul General Douglas C. Rohn met Sindh Governor, Dr Ishratul Ibad Khan, here at the Governor House on Saturday and discussed matters of mutual interests.
The Executive Committee of the APNS will meet on March 15, 2004, at Islamabad to discuss the present state of government-press relations along with other organisational issues, stated a spokesman of the APNS.
President Sarhad Chamber of Commerce & Industry (SCCI) Adeel Rauf has said that the granting of Businessman of the Year and Export Trophy Award would help create a trend of the healthy business competition among the business community of the province.
City Nazim Naimatullah Khan said on Saturday that Local Government Ordinance 2001 has restricted the Nazim of local government authority in the matter of law and order, however, local bureaucracy is co-operating in different matters.
Ten women candidates, one Naib Nazim and 5 candidates on minorities seats were elected unopposed in Hyderabad, Badin and Thatta districts of Hyderabad division in the by-elections to local bodies being held on March 28.
NWFP Chief Minister Akram Khan Durrani has said that health and education sectors are priority areas of his government and regretted that uplift works in these sectors are not up to the mark.
The government was determined to regularise all katchi abadis and provide the poor masses with all basic facilities, said Sindh Chief Minister's Advisor for local government, Wasim Akhter on Saturday.
Huffaz Seamless Pipes Industries Ltd has applied to the National Tariff Commission under NTC Act 1990, seeking a recommendation to the government for tariff protection of indigenous industry, manufacturing seamless pipes and tubes.
The federal government has appointed Dr Mohammad Akram Sheikh, a senior bureaucrat, new Deputy Chairman Planning Commission (DCPC) with immediate effects and until further orders, official sources told APP here on Saturday.
Corps Commander Peshawar Lieutenant General Safdar Hussain called on the NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd), here at the Governor's House on Saturday.
Rice Exporters Association of Pakistan (Reap) Vice Chairman Shaikh Arshad Mehmood has drawn the attention of the member direct taxes, Central Board of Revenue to the fact that banks are still deducting 1.25 percent withholding tax on packing above 5 kilog
The Vice Chancellor Sindh University Mazharul Haq Siddiqui said that educational development at all levels is imperative for the evolution of a healthy society in the country.
Federal Minister for Education Zubaida Jalal has said that the government has planned to award 'indigenous and abroad scholarships' to the faculties of private sector universities, besides the public sector universities.
The federal government hospitals in the country would get 100 percent coverage facility of Directly Observed Treatment Short (DOTS), treatment of Tuberculosis under National TB Control Programme by 2005.
Multan Tax Bar Association (MTBA) has strongly reacted to a news item appearing in a section of the press with reference to Naeem Shah, President, All Pakistan Tax Bar Association (APTBA), regarding his remarks against Member CBR (Direct Taxes), Vakil Ahm
The International Press Institute (IPI), the global network of editors, media executives and leading journalists in over 120 countries expressed concern over use of advertisements to pressure newspapers in Pakistan to curtail their criticism of the govern
