J.P. Morgan Chase & Co on Wednesday said quarterly earnings rose 38 percent, as higher profits from investment banking and fewer bad loans offset a decline in its mortgage business.
The Security Council on Wednesday unanimously endorsed a UN probe into the scandal-ridden and defunct Iraq oil-for-food programme to be led by Paul Volcker, the former US Federal Reserve chairman.
Federal Reserve Chairman Alan Greenspan said on Wednesday US interest rates will have to rise at some point but appeared to rule out an imminent increase by stressing that more vigorous growth had not yet sparked broad price pressures.
Coca-Cola Co said on Wednesday first-quarter net earnings rose 35 percent, boosted by solid sales in Europe and China, a weak US dollar and an increase in shipments of concentrate, the main ingredient used to make soft drinks.
Coca-Cola Co said on Wednesday first-quarter net earnings rose 35 percent, boosted by solid sales in Europe and China, a weak US dollar and an increase in shipments of concentrate, the main ingredient used to make soft drinks.
World airlines on Wednesday launched a legal challenge against new European Union rules that would allow boosted compensation for passengers who face delays or cancelled flights.
Embattled auto-maker Ford Motor Co posted its best financial results in years on Wednesday and boosted its full-year earnings guidance, pushing its shares up more than 10 percent in early trading.
Embattled auto-maker Ford Motor Co posted its best financial results in years on Wednesday and boosted its full-year earnings guidance, pushing its shares up more than 10 percent in early trading.
International Business Machines Corp on Wednesday launched a service in which small and medium-sized businesses can have IBM manage their personal computers and printers, making it easier for them to avoid viruses.
Booming China should tighten monetary policy to forestall an economic overheating, the IMF said on Wednesday as it renewed its call for a gradual easing of the yuan currency's tie to the US dollar.
The International Monetary Fund on Wednesday revised up its 2004 world economic forecast and called for a global pact of its 184 members to reduce government imbalances threatening the recovery.
Sharp Corp said on Wednesday the "production yield" at its flagship LCD panel plant in western Japan is now around 80 percent, suggesting a steep improvement in profitability since January.
Only one of the nine-strong Bank of England Monetary Policy Committee voted to raise interest rates this month, despite the market having been evenly split on whether or not the central bank would hike.
Yahoo Japan Corp, Japan's top Internet portal, said on Wednesday its net profit more than doubled in the latest business year but growth is flat this quarter due to a slowdown in advertising, accounting changes and higher costs.
Yahoo Japan Corp, Japan's top Internet portal, said on Wednesday its net profit more than doubled in the latest business year but growth is flat this quarter due to a slowdown in advertising, accounting changes and higher costs.
Dutch chip equipment maker ASML reported first-quarter profits and sales on Wednesday that fell short of forecasts but said new orders were flowing in strongly in a booming market.
Dutch chip equipment maker ASML reported first-quarter profits and sales on Wednesday that fell short of forecasts but said new orders were flowing in strongly in a booming market.
Short-term US Treasury yields jumped to their highest level in 18 months on Tuesday after upbeat comments on the economy from Fed Chief Alan Greenspan fanned fears of an early interest rate hike.
Short-term US Treasury yields jumped to their highest level in 18 months on Tuesday after upbeat comments on the economy from Fed Chief Alan Greenspan fanned fears of an early interest rate hike.
Leading Hong Kong stocks ended at a 2004 low on Wednesday as rate-hike fears rattled sentiment, while China plays continued to crumble on economic overheating worries.
US stocks fell on Tuesday, taking a late-day nose dive after remarks from Federal Reserve Chairman Alan Greenspan whipped up worries about an impending interest-rate hike by the central bank.
Taiwan stocks closed a touch higher on Wednesday as financial shares like Hua Nan rose on suspected support from state funds, but tech issues came under pressure from Wall Street's losses.
Thai stocks fell one percent on Wednesday, in line with most Asian markets, with investors cashed in on gains by bank and finance stocks in the run up to quarterly earnings results.
Sri Lankan stocks closed higher on Wednesday, boosted by gains in Sri Lanka Telecom Ltd, but market turnover remained thin with investors still wary of political uncertainty.
China's shares closed down on Wednesday after steel and petrochemical companies extended losses amid lingering concerns over possible economic overheating and further government credit tightening.
Japanese stocks ended almost flat on Wednesday as robust earnings by Tokyo Steel Manufacturing spurred buying in China-related shares, but rises were capped as high-techs gave up some gains from the day before.
South Korean shares ended at a two-year high on Wednesday, bolstered by rallying technology and banking stocks, with robust foreign buying driving shares in Samsung Electronics Co Ltd to a record close.
Technology stocks rose on Wednesday as strong earnings at cell-phone maker Motorola Inc and soothing comments on inflation from Federal Reserve Chairman Alan Greenspan buoyed investors' sentiment.
Indian shares rallied to a one-week high on Wednesday as investors cheered the first batch of exit polls which signalled a likely general election win next month for the country's pro-reform ruling coalition.
Number two US car maker Ford Motor Co posted robust first quarter earnings on Wednesday, boosting the value of its euro bonds, while the average value of European corporate bonds touched a record intraday high.
Number two US car maker Ford Motor Co posted robust first quarter earnings on Wednesday, boosting the value of its euro bonds, while the average value of European corporate bonds touched a record intraday high.
A four-day rally by Britain's top shares came to an abrupt halt on Wednesday as investors were rattled by the threat that higher US interest rates could choke off economic recovery.
The Hong Kong dollar drifted lower on Wednesday as the US dollar rallied against major currencies following US Federal Reserve Chairman Alan Greenspan's upbeat remarks on the US economy.
The Swiss franc traded around five-month lows against the dollar on Wednesday after comments from US Federal Reserve Chairman Alan Greenspan fanned market expectations for a rise in US interest rates soon.
The dollar held at four-and-a-half month highs against the euro and was steady versus the yen on Wednesday after testimony by the Federal Reserve chief signalled a rise in US interest rates was on the horizon.
The dollar hit a 4-1/2 month high versus the euro on Tuesday after Federal Reserve Chairman Alan Greenspan said the threat of deflation in the United States was over, reinforcing market expectations that interest rates will rise.
The Singapore dollar and the Thai baht were the worst hit in Asia on Wednesday as remarks by US Federal Reserve Chairman Alan Greenspan raised market expectations of a US interest rate hike and boosted the dollar.
The Indian rupee slid for a third straight day on Wednesday to record its lowest close in more than three weeks on persistent central bank intervention and a surge in the dollar overseas.
Sterling slid to a four month low against the dollar and fell on the euro on Wednesday as less hawkish minutes from the Bank of England's policy meeting cooled expectations for aggressive rate rises.
The dollar rose to its highest against the euro in nearly five months on Wednesday as investors bet Federal Reserve Chairman Alan Greenspan would reinforce expectations higher US interest rates were in the offing.
A former British Royal Air Force employee has returned a history book to the Malta public library 42 years after he borrowed it and was given a cup of coffee instead of a fine.
North Korean leader Kim Jong-il told China's leaders he would be patient, flexible and engaged in six-party talks on his nuclear programmes, saying what they hoped to hear in an unannounced three-day visit ending on Wednesday.
The Bush administration has extended a temporary suspension of some US sanctions on Iran that were eased to speed relief supplies after a devastating earthquake last December.
Myanmar's military rulers should immediately release opposition leader Aung San Suu Kyi from house arrest and free all other political prisoners, the United Nations' top human rights body said on Wednesday.
Libyan leader Colonel Muammar Gaddafi will meet European Union officials and Belgian Prime Minister Guy Verhofstadt in Brussels next week in a rare visit to Europe, Belgian officials said on Wednesday.
Sri Lanka's president Wednesday was desperately locked in moves to secure allies as her minority government risked losing the crucial Speaker's post when it faces its first test in parliament, officials said.
The US air security strategy hit a legal hurdle on Wednesday as the European Parliament asked a court to judge whether a plan to pass on passengers' data to Washington breached EU privacy law.
Artefact 90920 is wending its way from the British Museum to Tehran, where it has fired debate between those who see it as a national icon and others who say it represents all that is worst about Iran's pre-Islamic past.
The European Union condemned Wednesday the conviction of human rights award winner Leyla Zana in a retrial in Turkey, warning it could jeopardise the country's EU entry bid.
Some people in China share the same ideology as al Qaeda, FBI Director Robert Mueller said on Wednesday, as he warned the group that the United States was on high alert and watching every move by any would-be terrorist.
Two German military Tornado jets collided over the northern state of Schleswig-Holstein on Wednesday, killing a pilot and another crew member, police said.
A Russian Soyuz spacecraft docked at the International Space Station Wednesday with three astronauts on board, on the third manned mission to the orbiting craft since NASA halted shuttle flights after the Columbia disaster.
A total of 12 Palestinians were killed in 24 hours during fierce gun-battles after the Israeli army launched a major operation in the northern Gaza Strip, medical sources and witnesses said Wednesday.
Israeli nuclear whistleblower Mordechai Vanunu emerged defiant after 18 years in prison on Wednesday, saying he was proud of revealing secrets that exposed the Jewish state as an atomic power.
Police in Bangladesh fired teargas and used batons on Wednesday to disperse opposition activists preparing to besiege a party office of Prime Minister Begum Khaleda Zia.
At least 13 babies fed on fake milk powder have died in China's eastern province of Anhui, state media said on Wednesday, in the latest tragic scandal involving counterfeit goods churned out in China's race to get rich quick.
Alastair Campbell, former spokesman for British Prime Minister Tony Blair, was pelted with eggs by student protestors at a rally in south-western Bristol, university sources said on Wednesday.
The editor of the biggest-selling US newspaper, USA Today, has resigned, one month after its former star foreign correspondent was unmasked as a serial plagiarist and a fabricator.
India's top politicians hit the campaign trail in key northern heartland states on Wednesday after exit polls from the first round of a national election suggested the Hindu nationalist-led coalition would retain power.
The outgoing prime minister of Poland, one of Washington's key allies in Iraq, admitted on Wednesday Spain's decision to withdraw its troops had forced Warsaw to consider the future of its own forces in the country.
Australia will not send more troops to Iraq to help fill the void left by the withdrawal of military personnel by Spain, Honduras and the Dominican Republic, Prime Minister John Howard said on Wednesday.
Britain has no plans to increase the number of its troops in Iraq, Prime Minister Tony Blair said on Wednesday, after suicide bombers killed at least 68 people in the British-patrolled southern city of Basra.
Fierce clashes erupted in the besieged Sunni town of Fallujah on Wednesday despite a cease-fire, leaving nine insurgents dead and three US marines wounded and preventing hundreds of families from returning to their homes.
National Book Foundation (NBF) has taken instant action on the errors/omissions as experienced in respect of one book with the publishing of two images and retrieved the entire stock from the market.
The Jamaat Islami Azad Jammu & Kashmir (AJK) has threatened to hold armed march towards the Line of Control (LoC) against proposed Muzaffarabad Srinagar bus service, said JIAJK Chief Sardar Ejaz Afzal Khan while addressing a gathering after offering the G
Chairman Central Board of Revenue M. Abdullah Yousuf has vowed to create conducive environment for investors and simplify the procedure of revenue collection in the country.
Advisor to Prime Minister on Women Development, Social Welfare and Special Education, Nilofar Bakhtiar on Wednesday said country's prosperity can be achieved with the active participation of its civil society and through public-private partnership.
UAE has shown keen interest in participating at the International Spring Trade Fair - ISTF Asia 2005 "a vital trade showcase to access vibrant market," scheduled from January 7 to 9, 2005 here at Expo Centre.
Supreme Court of Pakistan has issued a stay order regarding an auction of properties of Abdul Sattar Lasi Group, according to a press release issued by a Senior Advocate Supreme Court, Wasim Sajjad here on Wednesday.
Despite claims by the Sindh education officials regarding absence of disparity in previous and newly-published textbooks in Sindh, several chapters on ideology of Pakistan, Quaid-e-Azam, Sahaba (companions of Prophet Muhammad, PBUH) and her daughter Hazra
Reference letter appearing on 8th April 2004. Will you please inform this office as to who is pro bono publico to give us any one specific example of the large-scale tax fraud or corruption in the Data Processing Centres.
The Government of Pakistan has allowed 25% freight subsidy on export of oranges and kinoo to new markets as per terms and rules of trade policy 2002-03. I would like to draw attention to some of the fresh fruits exporters misusing the said policy.
I would like bring to the chairman CBR's attention, the grievances of many individuals about the advance tax u/s 147 of IT Ordinance 2001, which is payable in 4 instalments (7th of October, January, April & 21st June), where the individuals latest, declar
When the US marines rolled into Fallujah two weeks ago, the Iraqi police force and Civil Defence Corps (ICDC) abandoned their stations while angry mobs freed prisoners and stole equipment.
The following are budget proposals for 2004-2005 approved by the executive members of the Karachi Sales Tax Bar Association sent to Finance Minister Shaukat Aziz.
Of late, the State Bank of Pakistan has been moving rapidly towards establishing the essential parameters of Islamic banking. It has constituted a Shariah Board and would no more allow the establishment of new banks functioning on traditional lines.
Speaking at the plant expansion ceremony of the Abbott Laboratories in Karachi on Friday, Federal Health Minister Mohammed Nasir Khan exhorted the multinational pharmaceutical companies in particular and the national companies in general to make their pro
World Wide Fund (WWF) Pakistan in collaboration with the Forum of Environmental Journalists of Pakistan (FEJP) is holding launching ceremony of 'Listen to the Children', a documentary capturing inspiring stories from four South Asian countries on ensuring
The Punjab University vice-chancellor Arshad Mahmood has approved award of five grace marks in each paper of M.A English Part-I Annual Examination 2003.
Japan International Cooperation Agency (JICA) has sent a batch of another three Senior Volunteers (SVs) to help Small and Medium Enterprise Development Authority (Smeda) for technological up-gradation of industry in Pakistan.
The ARY Group has signed a tripartite agreement in Dubai to set up a automated gold refinery for the production of bullion bars and cutting and polishing of jewellery, said a press release on Wednesday.
