| 17 November 2004 | Wednesday | 04 Shawwal 1425 |
|
Rs1bn invested in textile sector
FAISALABAD, Nov 16: Record investment of Rs1 billion has been made in the textile sector during last three months to upgrade and help existing units face the challenges of WTO ... 
|
|
Gold touches over 16-year peak
LONDON, Nov 16: Gold touched $440.25 per ounce on Tuesday in Europe, scoring a new 16-1/4 year high for the third day running, with the market poised for more gains. ...
|
|
||
|
Oil prices near 2-month lows
LONDON, Nov 16: Oil prices steadied on Tuesday near two-month lows as the market took the view that the northern winter will be mild and heating fuel stocks adequate, and after a planned strike in Nigeria was called off. ...
|
|
IMF asks Russia to focus on inflation
MOSCOW, Nov 16: Russia's economy threatens to overheat and monetary policymakers should shift their focus from producing dramatic growth figures to implementing anti-inflation measures ...
|
|
|
||
|
US committed to reducing deficit
LONDON, Nov 16: US Treasury Secretary John Snow said that Washington was committed to reducing its budget deficit, which he acknowledged was "too large", in an interview aired on Tuesday. ...
|
|
Opec should cut oil supply back to quotas: Iran
LONDON, Nov 16: Opec's second biggest producer Iran believes the cartel needs to cut production back to quota levels to bolster falling prices for its lower-quality crude supply, an Iranian oil official said on Tuesday. ...
|
|
|
||
|
Euro higher against dollar
LONDON, Nov 16: The euro approached its record high against the dollar on Tuesday as markets waited nervously for data on US capital flows, amid concerns about how the United States will fund its huge trade deficit. ...
|
|
Saudi crude shipments to US up to 17m barrels
LONDON, Nov 16: Top oil exporter Saudi Arabia has hired four more very large crude carriers (VLCCs) to the United States, boosting December spot shipments to 17 million barrels, shipping brokers said on Tuesday. ...
|
|
|
||
|
Japan downgrades view on economy
TOKYO, Nov 16: The Cabinet Office on Tuesday downgraded its view on the Japanese economy, the first such downward revision since June 2003, saying the pace of the recovery is slowing. ...
|
|
US steel giant offers to buy Mitsui Mining
TOKYO, Nov 16: US steel giant International Steel Group Inc. (ISG) has offered to buy Mitsui Mining Co. for more than 10 billion yen (95 million dollars), officials and a report said Tuesday. ...
|
|
|
||
