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| October 14, 2007 | Sunday | Shawwal 1, 1428 |
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Shopkeepers offer mixed views over Eid sales
KARACHI, Oct 13: Market players offered a mixed view in terms of sales of Eid related items. Shopkeepers report 30-50 per cent decline in their sales as over the last year,... 
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Soaring Indian rupee in ‘uneasy’ zone
NEW DELHI, Oct 13: India’s finance minister has said unprecedented foreign investment flows into the rapidly growing economy have pushed the rupee higher into an “uncomfortable” zone....
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Industrial units in ROZs to follow labour laws
KARACHI, October 13: The leaders of American trade unions who have an influential role in US legislation that include granting market access to key allies, like Pakistan, want enforcement of international...
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Japan to invest $1.7bn in copper mines
TOKYO, Oct 13: Two Japanese mining firms will invest up to $1.7 billion in jointly developing copper production bases in Peru and Chile to secure supplies amid growing demand worldwide, a report said on Saturday....
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China raises banking reserve ratio to 13pc
BEIJING, Oct 13: China’s central bank announced on Saturday that it would raise the reserve ratio requirement for commercial banking institutes to 13 per cent in a further effort to curb excessive liquidity....
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Bush campaigns for free trade amid US anxiety
MIAMI, Oct 13: US President George W. Bush has praised the benefits of globalisation and economic competition amid signs Americans are increasingly worried about free trade ahead of elections next year....
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Berlin cuts new borrowing
BERLIN, Oct 13: Germany said on Saturday it plans to cut net new borrowing this year and delay some privatisations due to unexpectedly strong tax revenues, as a magazine reported the government would also raise its 2007 growth forecast....
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Russian price growth under control
MOSCOW, Oct 13: Russia’s top officials sought on Saturday to reassure voters the cabinet has price growth under control despite a spike in food prices six weeks ahead of a parliamentary election....
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BD gets 4th private airline
DHAKA, Oct 13: A fourth private airline is set to take off in Bangladesh amid a boom in the air travel market following the scrapping of flights by the state-run airline, an official said on Saturday....
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US home builders likely to see downgrades
NEW YORK, Oct 13: The downgrade of three home builders into junk territory by Moody’s Investors Service may only be the start of a rash of cuts of high grade builders...
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Opec output goes up by 300,000 bpd
RIYADH, Oct 13: Opec production in September went up by 300,000 barrels a day as compared to August, a Platts survey said....
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Oil prices unchanged
KARACHI, Oct 13: The Oil and Gas Regulatory Authority (Ogra) has kept the ex-depot sale price of petroleum products unchanged for the period starting from Oct 16 to 31....
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Germany may protect firms from foreigners
BERLIN, Oct 13: Germany is drafting plans to shield domestic firms in strategic areas from unwanted foreign takeovers by giving the government authority to retroactively veto certain foreign takeovers, a magazine said on Saturday....
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