Australia's Reserve Bank has said the country's economy will only grow at a slower pace in the next couple of...

Impoverished borrowers in Africa and Asia will soon be able to receive so-called “tiny loans” from the World Bank and British-based bank Standard...

There was a lower turnover in Singapore restaurants after the Lunar New Year celebration, dropping the country’s catering figures to US$289.2 million....

By P.Vijian NEW DELHI, May 17 (Bernama) -- Indian condom producers are faced with a sticky problem, with rising natural rubber (NR) price in the global market squeezing production and profits. ...

MUMBAI: Reliance Big Entertainment, the media and entertainment arm of the Anil Dhirubhai Ambani Group has finalised 69 films in nine languages for production and distribution over the next two ...

Saturday, May 17, 2008 By our correspondent KARACHI: In connection with World Telecom Day, Chairman Pakistan Telecommunication Authority, Major General (R) Shahzada Alam Malik in a press...

Saturday, May 17, 2008 NEW YORK: Oil shot to a record high near $128 a barrel on Friday after Goldman Sachs, the most active investment bank in energy markets, forecasted a continued spike in...

Saturday, May 17, 2008 By Mansoor Ahmad LAHORE: There is a need to accelerate introduction of new technologies in the country that could bring transparency in many fields that have escaped...

Saturday, May 17, 2008 ISLAMABAD: A visiting International Monetary Fund mission held talks with the economic team of the government here on Friday in order to get first-hand knowledge about the...

Saturday, May 17, 2008 By our correspondent LAHORE: The Lahore stock market took a massive hit on the last working day of the week, declining by 71 points to wipe out all gains it achieved on...

Saturday, May 17, 2008 By our correspondent KARACHI: Ufone has signed an agreement with Teradata to expand its current data warehouse with state-of-the-art 5550H nodes from Teradata, stated a...

Saturday, May 17, 2008 By Jawwad Rizvi LAHORE: The Rice Exporters Association of Pakistan (REAP) has assigned the target of 13,000 tonnes of Super Kernal and broken Basmati supply to the...

Saturday, May 17, 2008 By our correspondent KARACHI: The top management of Pakistan International Airlines (PIA) was informed on Friday that rising traveling fares of the national carrier would...

Saturday, May 17, 2008 By Sayed Abid Hussain Shah MIRPUR (AJK): An extensive drive has been launched to reduce line losses of power in AJK and the fast-expanding Mirpur region, with an aim to...

NEW DELHI: UPA's inflation-related migraine could flare up with prices rising unabated, and the inflation rate touching a 44-month high of 7.83% in the week ended May 3. The only thing that...

Saturday, May 17, 2008 By Shahzad Anwar KARACHI: Total external liabilities of the country surged to $45.822 billion by the end of March 2008, compared to $42.882 billion on December 31,...

NEW DELHI: Anil Ambani group company Reliance Infratel is diluting 5% stake to a clutch of American and European investors in a pre-IPO placement, a deal that values the company at about Rs 50,000...

NEW DELHI: Life in the four metros is going to get costlier. You may have to pay more for your motoring if you live in any one of them, particularly Delhi, with market leader IndianOil Corporation...

Saturday, May 17, 2008 By our correspondent KARACHI: Downgrading of credit rating by S&P added misery to the gloomy situation at the Karachi bourse. Accordingly, panic selling ruined gains on...

NEW DELHI: MTN is believed to have asked for a $500 million break-up fee for agreeing to 'exclusivity' pact with the domestic telecom giant. Bharti is learnt to have offered $200 million, said ...

MUMBAI: Even as Bharti Airtel is scripting an overseas deal to acquire MTN, back home the Tatas are giving final touches to the sale of its telecom tower business. And Quippo Telecom ...

KOLKATA: The bottomline of cement companies will take a hit in the current quarter because of the decision to reduce prices by Rs 3 to Rs 7.5 per 50-kg bag, cement makers said. "Costs have...

Kawasaki Heavy Industries, Japan's fourth-largest maker of motorcycles, said it may team up with Bajaj Auto to produce motorcycles in India next year to tap demand in the world's second-largest...

NEW DELHI: Stung by the BlackBerry controversy, the government has made it mandatory for telecom operators to furnish details about value-added services in advance so that security agencies can...

NEW DELHI: Thai Airways has announced four additional daylight flights between Delhi and Bangkok from Friday. With these flights, the total frequency of weekly flights between the two cities will...

More than 15 members of the U.S. National Team are in Santa Clara for the meet, which is the final West Coast stop on the eight-meet Toyota Grand Prix...

BANGALORE: Indian natural rubber prices have touched a historic high of Rs 120 for a kilo of RSS4 (ribbed, smoked, sheet). Prices of the commodity is normally higher than the average during...

KOLKATA: B M Khaitan-C K Birla group engineering firm McNally Bharat Engineering Company Ltd (MBEL) on Friday said it has acquired a 68.24% stake in Vadodara-based Sayaji Iron & Steel Company ...

PATNA: After mesmerizing management students of INSEAD in Singapore with Lalunomics, Lalu's train on Friday wheeled into Malaysia. The minister formally inked a $1-billion contract with the...

NEW DELHI: The Supreme Court on Friday gave a clean chit to stockbroker Hiten Dalal and former CanBank Financial Services assistant VP S Mohan in the Rs 33-crore CanFina scam case, which rocked ...

NEW DELHI: Faced with a whopping Rs 200,000 crore revenue loss on fuel sales this fiscal, state-run oil firms have decided not to issue new domestic LPG connections and fix quota for the existing ...

Friday, May 16, 2008 By Aftab Maken ISLAMABAD: The Ministry of Commerce is considering imposing Minimum Export Price (MEP) for brown rice, The News has learnt.The representatives of REAP have...

MUMBAI: In high volatile movements, rupee on Friday recovered smartly by 21 paise to 42.54/55 against dollar following slowdown in the US currency buying by oil refiners and firm equity markets,...

Friday, May 16, 2008 By our correspondent KARACHI: The budget related apprehensions and unrest on economic front derailed market from recovery track on Thursday. The market slumped into the red...

SM Nasarudin SM Nasimuddin, the second son of the late Tan Sri SM Nasimuddin SM Amin, has been appointed the NAZA Group of Companies chief executive officer in line with his father's wishes. SM...

PUTRAJAYA, May 16 (Bernama) -- After 13 years of negotiations, the World Trade Organization (WTO) Friday welcomed Ukraine as its 152nd member. Ukraine started its accession negotiations in 1993. ...

KUALA LUMPUR, May 16 (Bernama) -- Malaysia Airlines and Singapore Airlines have mutually decided to terminate the Shuttle Agreement on their services between Singapore and Kuala Lumpur, with effect...

DETROIT (Michigan), May 16 (Bernama) -- International Trade & Industry Minister Tan Sri Muhyiddin Yassin Thursday reassured American investors on the consistency of Malaysia's investment policy,...

DETROIT (Michigan), May 16 (Bernama) -- The US sub-prime crisis has minimal effect on the Malaysian banking operations, profitability and solvency, International Trade and Industry Minister Tan Sri...

MUMBAI: The rupee fell to a 13-month low on Friday after data showing inflation at a new 3-½ year high heightened worries about slowing growth, record oil prices and the risk of foreign investors...

MUMBAI: Market discounted inflation data and closed on a positive note on Friday after tracking positive global cues. Metals and banks gained momentum while realty and IT stocks remained...

Bombay Stock Exchange's Sensex ended at 17,434.94, up 0.47 per cent or 81.40 points. It touched a high of 17,497.36 and low of...

The Associated Press May 16, 2008 - 8:12 a.m. TOKYO - The Nikkei Stock Average of 225 issues closed at 14,219.48 on the Tokyo Stock Exchange Friday, down 32.26 points or 0.2 per...

The Associated Press May 16, 2008 - 8:12 a.m. HONG KONG - The Hang Seng Index closed at 25,618.86 on Friday, up 105.15 points or 0.4 per...

Friday, May 16, 2008 By our correspondent KARACHI: National Bank of Pakistan, Dubai Islamic Bank Pakistan (DIBP) and Standard Chartered Bank Pakistan (SCB) would provide Rs5 billion syndicated...

Friday, May 16, 2008 By our correspondent LAHORE: Livestock Dairy Development Board (LDDB) will install 140 milk cooling plants across Punjab in order to increase the shelf life of milk and to...

PUTRAJAYA, May 16 (Bernama) - The Indian government is mulling the idea of emulating Malaysia's monorail project and will initiate discussions with the respective parties soon, its Railway Minister...

The power density per unit volume of the new fuel cell is much higher than that of the existing products. By further developing this technology, it will be possible to produce a fuel cell that can be...

Shinoda Plasma Corp developed a 125-inch curved-surface display using its proprietary PTA (plasma tube array) display technology. The screen measures 3 x 1m connecting three 1 x 1m PTA...

KUALA LUMPUR, May 16 (Bernama) -- Malaysia is among the top ten emerging economies, with neighbouring countries Indonesia and Thailand also making the list, according to the International Business...