Millers see wheat shortage in Sindh
KARACHI, Nov 28: Flour millers predict acute wheat shortages in Sindh by January next but Sindh’s Food and Agriculture Minister Arif Jatoi is confident of maintaining a steady wheat supply from...
Five Eid holidays hit export trade: 90pc units remain closed
KARACHI, Nov 28: Over 90 per cent of the city’s industries remained shut on Friday because of the five-day Eid holidays including Sunday, thus resulting in massive production losses, delay in...
Kathmando round may finalize SAFTA treaty
ISLAMABAD, Nov 28: The sixth round of talks on South Asian Free Trade Area (SAFTA) that begins in Kathmandu on Sunday promises to conclude with the finalization of SAFTA framework treaty...
Gold prices move up
LONDON, Nov 28: US holidays sapped liquidity from the gold market on Friday, but a surging euro, which strode to fresh life highs against the dollar, took the precious metal to...
EU softens stand on ‘Singapore issues’
BRUSSELS, Nov 28: The European Union is ready to restart stalled talks on a new global trade package following the World Trade Organization’s disastrous meeting at Cancun in the middle of...
Controversial eurozone deal and stability pact
BRUSSELS, Nov 28: Europe’s single currency will almost certainly survive this week’s controversial eurozone deal allowing France and Germany to escape budget sanctions. But by riding roughshod over European Union rules,...
EU halts Subsidies for sugar exports
BRUSSELS, Nov 28: The European Union has suspended its regular subsidy awards for sugar exports to the 10 mostly ex-communist countries that are due to become full EU members from next...
EU, India to double trade
NEW DELHI, Nov 28: India and the EU pledged on Friday to nearly double bilateral trade from the current 27 billion euros ($32.2bn) to 50 billion euros by 2008 by knocking...
Russian oil firms merger plan hits snags
MOSCOW, Nov 28: Russian oil firm Sibneft denied on Friday that it had unilaterally pulled out of a merger with its bigger rival Yukos, insisting that major shareholders in both companies...
Opec set to leave oil Output unchanged
LONDON, Nov 28: Opec is expected to leave output unchanged at a meeting next Thursday and schedule another conference in January or February, the Middle East Economic Survey reported on Friday....
Euro hits new high against dollar
LONDON, Nov 28: The euro charged into uncharted territory above $1.2 on Friday to reach a new record high as concerns about the large US current account deficit returned to haunt...
EC asked to review deficit strategy
BERLIN, Nov 28: German Finance Minister Hans Eichel on Friday called on the European Commission to rethink its strategy on deficits, after a row over the suspension of eurozone deficit rules...
Eurozone business warms up in November
BRUSSELS, Nov 28: The economic and business climate in the eurozone and the European Union as a whole warmed in November, pointing to an economic recovery in the fourth quarter, the...
WTO talks
NEW DELHI, Nov 28: The G20 group of industrialized nations will try to find ways to revive stalled World Trade Organization (WTO) talks at a meeting next month with the European...
Palm oil trading to remain dull next week
KUALA LUMPUR, Nov 28: Crude palm oil (CPO) trading on Malaysia’s derivatives exchange is expected to remain lacklustre due to a lack of leads after a holiday-shortened week, dealers said on...
India’s tea exports to Pakistan rise 11pc
CALCUTTA, Nov 28: India’s tea exports to Pakistan in the first 10 months of 2003 increased to 4.11 million kg, up 11 per cent against the corresponding period last year, industry...