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December 20, 2001 Thursday Shawwal 4, 1422 Global recovery prospects bleak: IMF outlook WASHINGTON, Dec 19: The International Monetary Fund on Tuesday said following the September 11 attacks, the outlook for the global economy had deteriorated and prospects for global recovery, already bleak, had... Fresh investment in India may slow down: Stand-off with Pakistan MUMBAI, Dec 19: Foreign funds are expected to hold back on fresh investments in India while they see how a tense standoff with Pakistan over last week’s deadly attack on the... Thailand set for record rice exports BANGKOK, Dec 19: Thailand, the world’s top rice exporter, is set to post a new record for 2002 thanks to reduced competition from China, Pakistan and Vietnam, the Food and Agriculture... PICIC share value seen improving KARACHI, Dec 19: The Managing Director, PICIC, Muhammad Ali Khoja has said that share price of the Corporation could boost to Rs100 per share in near future if the management continued... US firm to carry out exploration: Makran off-shore ISLAMABAD, Dec 19: Ocean Petroleum Company, USA, will spud an exploration well in Makran off-shore in the following fair- weather in the 4th quarter next year that would be based on... Euro coins sell for high prices on Internet WASHINGTON, Dec 19: Sets of euro coins are being auctioned at more than 10 times their face value on the Internet in advance of their official launch on January 1.... Oil price pushes above $20 LONDON, Dec 19: The price of oil scaled $20 a barrel Wednesday to hit its highest level for two weeks, amid signs of tightness in the US market for crude-based products,... ‘Trade with China to be enhanced’ LAHORE, Dec 19: A high profile trade and investment delegation from Pakistan during its forthcoming visit to China will identify more areas for mutual co-operation in different economic sectors and enter... US trade deficit widens in Oct WASHINGTON, Dec 19: The US trade deficit widened 54.8 per cent in October, the government said on Wednesday, as foreign insurers’ payouts slumped after being inflated by the September 11 terrorist... Lenders keen to invest in Baku oil pipeline BAKU, Dec 19: International lenders have “expressed keenness” to provide capital for the planned Baku-Tbilisi-Ceyhan (BTC) oil pipeline, a senior executive with the pipeline consortium has said.... China, HK move a step closer to free-trade zone BEIJING, Dec 19: China’s leaders are in principle supportive of the idea of a free-trade zone between the territory and the mainland and plan to set up a working group to... BoJ eases monetary policy: Tokyo sets zero growth target for next year TOKYO, Dec 19: The central bank said it would pump more cash into Japan’s financial system to support the faltering economy while the government admitted on Wednesday it expects zero growth... China cotton output seen up SHANGHAI, Dec 19: China’s cotton output is estimated at 5.32 million tons this year, the semi-official China News Service said on Wednesday, which would be the biggest harvest in 10 years... Hynix makes fastest graphics memory chip SEOUL, Dec 19: South Korea’s cash-strained Hynix Semiconductor Inc. on Wednesday said it has made a breakthrough to develop the world’s fastest memory chip with wide-ranging graphics applications.... Japan, China fail to resolve trade row TOKYO, Dec 19: Japan and China failed to break an impasse in a bitter trade row on Wednesday just two days before Tokyo is due to decide whether to invoke full... UK trade deficit steady in Oct LONDON, Dec 19: Britain’s closely-watched goods trade deficit with the rest of the world was roughly steady in October as export growth kept pace with rising imports, official data showed on... BoE to leave rates unchanged this month LONDON, Dec 19: The Bank of England voted overwhelmingly to leave borrowing costs steady at 4 per cent earlier this month, worried that too much easing risked over-stimulating the economy.... Yen falls against dollar TOKYO, Dec 19: The yen fell against the dollar in Tokyo on Wednesday as the Bank of Japan (BoJ) eased monetary policy and rumours of another Japan sovereign debt downgrade arose,... Honda unveils cost cutting plan TOKYO, Dec 19: Honda Motor Co. on Wednesday unveiled plans to shift car part production out of Japan and import large numbers of vehicles into Japan from foreign factories to cut... Asian stock markets up on US gains TOKYO, Dec 19: Share prices on most Asian stock markets edged higher on Wednesday on the back of Wall Street’s gains....

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