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| September 29, 2002 | Sunday | Rajab 21, 1423 |
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G7 vows to work for global recovery
WASHINGTON, Sept 28: Growth in the world’s richest economies has slowed, finance officials have agreed as they vowed to take whatever steps were needed to clean up corporate behavior and reinvigorate... 
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O’Neill sees progress in debt crises solution
WASHINGTON, Sept 28: US Treasury Secretary Paul O’Neill said on Saturday that G7 finance ministers made progress in devising a new method of dealing with debt crises, but said sound policies...
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OCAC meets tomorrow amid confusion
KARACHI, Sept 28: The Oil Companies Advisory Committee (OCAC) is meeting on Monday for fortnightly price adjustment of oil products amid looming confusion in the market whether the OCAC will really...
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Reforms make stock business transparent
ISLAMABAD, Sept 28: All the remedial measures and recommendations made by the Inquiry Committee, which looked into the 2000 stock market crisis in Pakistan have been implemented successfully by the Securities...
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IMF’s micromanagement and consistent waivers: CORPORATE FOCUS
KARACHI, Sept 28: The IMF tends to micromanage borrowers’ economies and ends up giving a series of waivers, betraying its ability to set achievable targets....
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More urgency needed in trade talks: WTO chief
WASHINGTON, Sept 28: A rising number of trade disputes and a lack of urgency among some negotiators threatens progress in world trade talks, the head of the World Trade Organization warned...
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EU urges competition chiefs to resist pressures
NAPLES, Sept 28: The European Commission’s competition chief issued a call on Saturday to antitrust agencies around the world to resist pressures from politicians and big business and decide competition cases...
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‘NIOC in state of ‘heightened flux’
NICOSIA, Sept 28: The oil industry in Iran, the second largest Opec exporter, is undergoing rapid change at both operational and management levels, the Middle East Economic Survey (MEES) reports in...
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Dollar lower against yen
NEW YORK, Sept 28: The dollar fell broadly on Friday after a sharp drop in US stocks swept away any favorable disposition investors had had toward the greenback brought on by...
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New York cotton futures higher
NEW YORK, Sept 28: NY cotton futures closed stronger across the board on Friday in the aftermath of Tropical Storm Isidore’s torrential downpours, which caused persistent flooding and crop damage in...
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ECB slams EU budget laggards, warns on recovery
WASHINGTON, Sept 28: The European Central Bank on Friday slammed the euro zone’s largest economies for failing their budget pledges, and defended its current policy stance....
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US Gulf gas lines see some supply back
NEW YORK, Sept 28: US gas pipeline operators said Friday that Gulf of Mexico producers were starting to restore some supplies cut from their systems early this week as Tropical Storm...
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US budget rules to lapse, Senate seeks extension
WASHINGTON, Sept 28: Tied up with debates over homeland security and Iraq, the US Senate is now unlikely to renew budget rules credited with helping restrain federal deficits over the last...
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S.Korea to counter EU on shipping dispute in WTO
SEOUL, Sept 28: South Korea is ready to fight any case brought against it by the European Union in the World Trade Organisation after talks failed to settle a bilateral shipping...
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S. Arabia lifts rate of return to 15pc
RIYADH, Sept 28: Saudi Arabia has raised to 15 per cent the rate of return from downstream facilities in three mega gas projects in a bid to break a stalemate with...
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US okays merger of Pennzoil Quaker in Shell
WASHINGTON, Sept 28: The US government approved the $1.8 billion purchase by Shell Oil Co. of the Pennzoil Quaker State Co., America’s largest motor oil maker and parent of the Jiffy...
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Spinners, mills go for quality lint
KARACHI, Sept 28: Cotton market on Saturday ended on a firm note as leading spinners and mills tried to grab the floating stock of quality lint from the central Sindh ginneries...
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Germany cuts growth forecast
BERLIN, Sept 28: Germany’s finance ministry has cut its forecast for economic growth next year to 1.5 per cent ahead of government coalition budget negotiations due to start on Monday, a...
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Malaysian firms mull Africa palm oil storage
KUALA LUMPUR, Sept 28: A consortium of Malaysian plantation firms is mulling construction of palm oil storage tanks in several African nations to tap a one billion ringgit ($263 million) a...
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Thai PM proposes ‘Asia bonds’ idea
BANGKOK, Sept 28: Thai Prime Minister Thaksin Shinawatra said on Saturday he would propose an idea of “Asia bonds” in the fifth Asia-Europe summit (ASEM) in Vietnam in 2004 to boost...
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