| 18 November 2004 | Thursday | 05 Shawwal 1425 |
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Trade ties likely to anchor peace: WB: India-Pakistan
ISLAMABAD, Nov 17: The World Bank says the gradual expansion of trade relations between India and Pakistan as a consequence of steps towards implementing the proposed South Asia Free Trade Area (Safta) agreement are likely to anchor the recent bilateral rapprochement. ... 
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Xinjiang region to expand trade with Pakistan
BEIJING, Nov 17: Chinese leaders from the Xinjiang Autonomous region offered to upgrade their economic ties with Pakistan through Kashgar, a city close to the border area that also connects the two countries with Central and South Asia. ...
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India's economy to grow 6-6.5pc
NEW DELHI, Nov 17: Indian Finance Minister Palaniappan Chidambaram said on Wednesday growth may slow to between six and 6.5 per cent this fiscal year due to patchy monsoon rains and high global oil prices. ...
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Oil prices slip below $46
LONDON, Nov 17: Crude oil prices slipped below $46 a barrel on Wednesday on increasing hopes of adequate heating fuel supply during the northern hemisphere winter, dealers said. ...
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US to provide strong leadership in Doha talks
WASHINGTON, Nov 17: The United States on Tuesday said it would continue to provide strong leadership in the Doha global trade negotiations, where it "first launched the negotiating mandate and then forged the framework to reform global farm trade and guide the future negotiations." ...
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EU mulls sanctions on US next year
BRUSSELS, Nov 17: The European Union could slap sanctions on the United States early next year if Congress fails to abolish an anti-dumping measure ruled illegal by the WTO in the next 10 days, a spokeswomen for the EU executive commission warned here Wednesday. ...
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Cure to economic ills lies in free market: Snow
LONDON, Nov 17: US Treasury Secretary John Snow on Wednesday cited a "shared responsibility" to fight global economic imbalances while acknowledging that big US deficits need to be tackled. ...
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Oil, dollar to dominate G-20 meeting
BERLIN, Nov 17: The rise in oil prices and the decline of the dollar are expected to fuel discussions at a Group of 20 meeting of the most influential economies opening on Friday in Berlin. ...
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Dollar hits record low against euro
LONDON, Nov 17: The dollar sank to a new all-time nadir against the euro and to a seven-month trough below 105 yen on Wednesday as markets remained concerned by the large US current account and budget deficits. ...
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China raises dollar deposit rates
BEIJING, Nov 17: China's central bank announced on Wednesday it was raising the interest rate on one-year US dollar deposits by 0.3125 percentage points to 0.875 per cent. ...
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Apec leaders to put more zip into WTO talks
SANTIAGO, Nov 17: Leaders of Asia-Pacific economies controlling nearly half of global trade plan to put more zip into world trade talks by stepping up political pressure on tightly protected areas, officials said. ...
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China to permit banks to enter fund business
BEIJING, Nov 17: Authorities said on Wednesday they will permit domestic commercial banks to set up fund management firms, a move that would boost financing avenues for banks and funnel fresh funds into stalled stock markets. ...
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French economy to grow by 2.5pc
PARIS, Nov 17: The French economy ministry said on Wednesday that it was standing by its forecast that the economy would grow by about 2.5 per cent this year. The figure of 2.5 per cent for average French growth appeared in a budget statement presented to a cabinet meeting by Economy and Finance Minister Nicolas Sarkozy. ...
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Singapore cuts 2004 growth forecast
SINGAPORE, Nov 17: Singapore cut its growth forecast for this year to 8-8.5 per cent from 8-9 per cent on Wednesday following a sharp slowdown in the third quarter and warned of uncertainties on the economic outlook for 2005. ...
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