The Cabinet Committee on Privatisation (CCoP) on Monday approved a plan for subscription of 115 million Pakistan International Airline (PIA) shares from June 7 this year.
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
The Cabinet Committee on Privatisation (CCoP) on Monday approved a plan for subscription of 115 million Pakistan International Airline (PIA) shares from June 7 this year.
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Several blasts rocked Baghdad on Monday, killing seven people, including two Britons, while clashes between US troops and militiamen left 18 people dead in the populous Sadr City neighbourhood.
Several blasts rocked Baghdad on Monday, killing seven people, including two Britons, while clashes between US troops and militiamen left 18 people dead in the populous Sadr City neighbourhood.
The US Agriculture Department's attache in Jakarta released the following report, dated May 17, on the outlook for Indonesia's coffee sector. Attache reports are not official USDA data.
The May vaida opened Re 1 up at Rs 487, and in the process of trading gained 50 paisa to be quoted highest at Rs 487.50. Later trading got depressed and it lost the gain to turn lowest at Rs 487 and closing was also seen at the same level.
Iran will not need to import sugar in the current year to March 2005 thanks to increased domestic production and high stocks, agriculture officials said on Monday.
China's seven largest copper producers said on Monday they will cut imports of copper concentrate by 15 percent and output of copper cathode by a smaller amount, the latest sign that the government's economic cooling measures may be working.
German farmers and agricultural co-operatives have contracted to sell 93,900 tonnes of rye and 2,490 tonnes of barley for European Union intervention subsidies, German intervention agency BLE said on Monday.
Spot basis bids for hard red winter (HRW) wheat in the US Plains production area were steady to firmer on Monday with merchants considering advancing harvest in southern areas, but also seeing quality concerns in Kansas and some spot demand to fill.
The European Commission is almost certain to suggest price cuts as the best way to overhaul the EU's much-criticised sugar regime when it fleshes out its reform intentions in July, diplomats said on Monday.
At least four South American soya cargoes are stranded at ports in China as financially embarrassed crushers have failed to pay for high-priced beans, traders and industry sources said.
Namibia's Skorpion Zinc mine and refinery produced 47,436 tonnes of high grade zinc metal during its first year in operation last year, according to the country's Chamber of Mines.
Good weather is putting pressure on wheat prices in the European Union despite uncertainty about the coming harvest and stocks, German trading house Toepfer said.
European coconut oil prices, which hit a four-year high earlier this month, are expected to ease in coming weeks as shipments from Asia recover, traders said on Monday.
Bangladesh sugar officials said on Monday they could not award contracts to import 50,000 tonnes of white sugar for July shipment through lack of authorisation.
Malaysia International Shipping Corp said on Monday its fourth-quarter profits nearly doubled, and expects another strong performance in the current financial year due to firm freight rates.
Malaysia International Shipping Corp said on Monday its fourth-quarter profits nearly doubled, and expects another strong performance in the current financial year due to firm freight rates.
Private exporters reported the sale of 115,000 tonnes of US corn for delivery to Mexico during the 2004/05 marketing year, the Agriculture Department said on Monday.
A new cold front will cause a sharp drop in temperatures later this week but no crop damaging frost in the key coffee growing state of Minas Gerais, private meteorologists Somar said Monday.
Singapore bunker or ship fuel prices fell on Monday under downward pressure from lower benchmark crude and oil products cargo prices, but the lower prices boosted trade as ship-owners flooded back into the market.
The Karachi Port handled 73,632 tonnes of cargo including 49,936 tonnes import and 23,696 tonnes export cargo during last 24 hours ending at 0700 hours on Monday.
The world's biggest instant noodle firm, PT Indofood Success Maker TDK, has appointed three investment banks to manage its planned one trillion rupiah ($110 million) five-year bond issue, one of the banks said on Monday.
The world's biggest instant noodle firm, PT Indofood Success Maker TDK, has appointed three investment banks to manage its planned one trillion rupiah ($110 million) five-year bond issue, one of the banks said on Monday.
The Australian government has asked for new assurances from Iran that trade is not being disrupted, despite promises by Tehran that there were no restrictions, the Trade Minister's office said on Monday.
China is likely to offer about 1.6 million to 1.8 million tonnes of corn for export in the second half of this year, and grain traders in Asia said on Monday they were expecting a decision soon.
East Asian importers will slow grain purchases this week in anticipation of further falls in prices and freight rates, regional traders said on Monday.
There's soya sauce and then there's real soya sauce. Tsang He Wan, 74, makes real Soya sauce, the dark, viscous kind the great Chinese chefs used thousands of years ago, known as "black gold" when Dutch merchants brought it to the kitchens of Sun King Lou
Sugar premiums in Thailand, Asia's largest exporter of raw sugar, are likely to stay steady over the next week as local supply remains tight at the end of the harvest season, traders said on Monday.
Gold lost some ground in Asian markets on Monday, pressured by a lack of direction in major currency markets, but analysts said bullion was starting to look cheap compared with other commodities.
Healthy demand from East Asian utilities in summer is keeping sentiment for regional sweet crudes, such as Indonesia's Minas, strong, traders said on Monday.
Malaysian crude palm oil futures closed 3.5 percent lower on Monday, with the benchmark contract likely to drop further to test 1,550 ringgit this week due to weak exports, dealers said.
Iraq plans to spend 300 million dollars on planes and hopes European giant Airbus will come up with a new offer within two weeks, more than a decade after a proposed deal was frozen, the interim transport minister said Monday.
Russian President Vladimir Putin Monday set the goal of rapidly establishing a new economic zone between Russia and three other post-Soviet states as Moscow seeks to establish an effective bloc in the former Soviet Union.
Royal Dutch/Shell cut its oil reserves for the fourth time this year on Monday as a booking scandal that has wiped more than a fifth from the oil giant's reserves rumbled on.
Indian new finance minister pledged Monday to push ahead with economic reforms and fiscal consolidation at the same time as promoting agriculture and manufacturing growth and cutting unemployment.
Opec ministers said on Monday they would not be hurried into a decision on lifting output limits after Saudi Arabia broke ranks to go it alone with more oil.
Brazilian President Luiz Inacio Lula da Silva Monday pressed China to forge closer ties so the world's most powerful developing nations can better stamp their mark on issues of international concern.
Japan's top three banks, including leader Mizuho Financial Group, posted a return to annual profit on Monday but forecast flat to lower earnings for this year, underscoring worries about their fragile recovery from a decade of bad loan problems.
Japan's top three banks, including leader Mizuho Financial Group, posted a return to annual profit on Monday but forecast flat to lower earnings for this year, underscoring worries about their fragile recovery from a decade of bad loan problems.
EMI saw annual profits slip more than eight percent as piracy continued to hit the record industry, although acts such as Norah Jones and Coldplay helped it gain market share, the British music group said Monday.
The European Commission said Monday it hoped to resolve a dispute with China over cooking coal by the end of this week, but warned it will otherwise take the case to the World Trade Organisation.
A federal judge dealt tobacco companies a blow on Monday that sent their stocks sliding by refusing to limit $280 billion worth of penalties the government is seeking at a trial due to start in September.
Bangladesh has started producing gas from its newly developed Fenchuganj field, adding 25 million cubic feet (mcf) to the country's daily gas production, a senior energy official said on Monday.
A trade show bringing together Iraqi and foreign companies seeking a role in the reconstruction of Iraq is set to open Tuesday in the south-eastern Turkish city of Diyarbakir, rather than in Baghdad because of security concerns.
Iranian economy grew six percent in the calendar year to March 19, down from growth of 7.4 percent the previous year, a senior economic official was quoted as saying on Monday by the official IRNA news agency.
Canada's big banks are set to let loose with a fourth straight quarter of gangbuster earnings, but analysts wonder whether some might set aside cash to guard against civil liability related to fallen energy trader Enron Corp.
New York & Company Inc, a women's apparel retailer, filed on Monday with US regulators to raise up to $172.5 million in an initial public offering of common stock.
New York & Company Inc, a women's apparel retailer, filed on Monday with US regulators to raise up to $172.5 million in an initial public offering of common stock.
The watchdog Financial Services Agency (FSA) said on Monday it had ordered the Tokyo Stock Exchange (TSE), Japan's biggest bourse, to improve its procedures on new listings.
Foreign funds have built up a 46 percent stake in Samsung Corp and have begun agitating for reform of the trading and construction unit at the heart of Samsung, South Korea's most powerful family-run group.
Foreign funds have built up a 46 percent stake in Samsung Corp and have begun agitating for reform of the trading and construction unit at the heart of Samsung, South Korea's most powerful family-run group.
Internet media company Yahoo Inc on Sunday announced a major re-launch of Yahoo Messenger, its messaging product that allows people to communicate in real-time via the Internet.
German engineering giant Siemens has no intention of making a bid for the transport division of ailing French rival, Alstom, informed sources said on Monday, rejecting a corresponding newspaper report at the weekend.
Talks between Deutsche Boerse and the London Stock Exchange on a possible link-up have intensified recently, but a deal did not appear imminent, a source familiar with the situation said on Friday.
HBOS, the owner of top British mortgage lender Halifax, plans to sell a 15-year euro-denominated covered bond at mid-swaps plus 13-15 basis points, a source close to the deal said Monday.
HBOS, the owner of top British mortgage lender Halifax, plans to sell a 15-year euro-denominated covered bond at mid-swaps plus 13-15 basis points, a source close to the deal said Monday.
China may stop issuing special bonds used to spur growth, the official China Securities Journal said on Monday, as the country now tries to curb overheating.
China may stop issuing special bonds used to spur growth, the official China Securities Journal said on Monday, as the country now tries to curb overheating.
Australian stocks closed a touch firmer on Monday as strength in the mining sector helped underpin the market after an early rally failed to gain momentum.
Taiwan stocks closed lower on Monday as investors took profits from last week's rally that came after political uncertainties eased as President Chen Shui-bian began his second term in office without incident.
Jakarta stocks ended more than one percent higher on Monday driven by telecoms and tobacco shares and with trading sentiment helped by softer oil prices.
Malaysian stocks closed up on Monday ahead of peak quarterly earnings announcements, but gains were capped by lingering worries about high oil prices and their impact on global economy.
Singapore shares ended slightly higher in lacklustre trade on Monday, led by a last-minute spurt of bargain-hunting in property and technology counters, but sentiment was cautious over the uncertain outlook for oil prices.
Philippine stocks closed a shade lower on Monday on worries about possible protests and threats of violence by the opposition as Congress starts its official vote count for president and vice president.
Thai stocks fell one percent on Monday as investors cashed in on early gains boosted by easing oil worries, with shares in Thai Petrochemical Industry tumbling on concerns its debt plan will be delayed.
Indian shares gained more than three percent on Monday after the appointment of a pro-reform finance minister, recouping last week's heavy losses as concerns about the direction of the new government's policies faded.
The Indian rupee recouped most of the session's losses to end just a trifle weaker on Monday, helped by the new reformist finance minister's commitment to keep up the pace of economic reforms and contain the fiscal deficit.
The Taiwan dollar ended weaker on Monday on a softer yen and after China issued a warning over the perceived independence leanings of President Chen Shui-bian.
The dollar edged higher against major currencies on Monday, helped by a slide in oil prices after Group of Seven finance ministers called for an increase in oil production and, separately, Saudi Arabia said it would boost output.
The Indonesian rupiah fell to a fresh 14-month low and other Asian currencies found little respite on Monday from a pullback in the price of oil as markets focused increasingly on the risks to growth and flows.
Saturday's royal wedding between Crown Prince Felipe de Bourbon and former TV newsreader Letizia Ortiz smashed all records as it drew a television audience of 25 million, Spanish public television said on Monday.
South Korean Prime Minister Goh Kun tendered his resignation on Monday ahead of an expected cabinet reshuffle by President Roh Moo-Hyun, officials said.
A Norwegian peace envoy was set to visit Sri Lanka on Monday to try and revive talks with Tamil rebels as the government grappled to resolve internal differences and soothe the island's violent east.
After pledging to develop a more sophisticated relationship with the United States, Canadian Prime Minister Paul Martin defined his election platform on Monday largely as being un-American.
President Gloria Macapagal Arroyo has won the Philippine presidential election by less than one million votes over action movie hero Fernando Poe Jr, a senior elections commission official said on Monday.
The UN's Food and Agriculture Organisation on Monday advised countries in the Near East and North Africa to plant more trees to improve the quality of water and increase food production.
The European Union battled Monday to unblock the biggest obstacle standing in the way of the bloc's first-ever constitution - the carve-up of power for EU decision-making - before a June deadline.
Only nuclear energy can slow down the rapid and potentially devastating warming of the earth, a veteran British scientist and environmental campaigner argued on Monday.
Israel's spy agency Mossad, widely regarded as one of the most sophisticated security services in the world, has launched a web site to recruit new analysts, along with anglophone waiters and bus drivers.
Workers heard new cracks at a Paris airport terminal on Monday a day after part of the roof collapsed, and the airport's head vowed to tear it down if an investigation proved the structure was unsafe.
Saudi security forces Monday seized a car rigged with explosives north of Riyadh, according to security officials, in the same area where witnesses earlier spoke of a fierce gun-battle.
Foreign ministers of Britain, France and Germany sought common ground on Monday on a draft UN resolution on the transfer of sovereignty to a provisional Iraqi government, diplomats said.
A new US-British drafted UN Security Council resolution endorsing sovereignty for an Iraqi caretaker government approves the presence of the US-led force there but sets no date for the troops to leave.
