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Print - 2004-01-12
Two Japanese skydivers killed

Two Japanese skydivers killed

Two Japanese skydivers were killed on Sunday when they fell to the ground after their parachutes failed to open, police said.
Published 12 Jan, 2004 12:00am
Couple among seven killed in occupied Kashmir

Couple among seven killed in occupied Kashmir

Suspected freedom fighters shot dead four people, including a couple, overnight in occupied Kashmir, where occupation troops killed three freedom fighters and seized explosives, police said Sunday.
Published 12 Jan, 2004 12:00am
Couple among seven killed in occupied Kashmir

Couple among seven killed in occupied Kashmir

Suspected freedom fighters shot dead four people, including a couple, overnight in occupied Kashmir, where occupation troops killed three freedom fighters and seized explosives, police said Sunday.
Published 12 Jan, 2004 12:00am
Sinha to brief Powell on Indo-Pak ties

Sinha to brief Powell on Indo-Pak ties

Indian External Affairs Minister Yashwant Sinha will brief US Secretary of State Colin Powell about the latest turn of events in Indo-Pak relations during his meeting with him in Washington later this month.
Published 12 Jan, 2004 12:00am
Sinha to brief Powell on Indo-Pak ties

Sinha to brief Powell on Indo-Pak ties

Indian External Affairs Minister Yashwant Sinha will brief US Secretary of State Colin Powell about the latest turn of events in Indo-Pak relations during his meeting with him in Washington later this month.
Published 12 Jan, 2004 12:00am
Snow sees job growth

Snow sees job growth

US Treasury Secretary John Snow said on Sunday that despite disappointing job growth last month the economy is on an upswing that will lead to increased employment.
Published 12 Jan, 2004 12:00am
Trichet calm in the eye of euro storm

Trichet calm in the eye of euro storm

In playing down the impact of the euro's surge on currency markets, European Central Bank chief Jean-Claude Trichet is reverting to type in a career marked by indifference to politicians' anguish about foreign-exchange levels.
Published 12 Jan, 2004 12:00am
Seven still missing in Albanian boat tragedy

Seven still missing in Albanian boat tragedy

Fears grew in Albania on Sunday that the death toll in the illegal immigrant boat disaster in which 21 people died would rise still further, as the country prepared for a day of mourning to mark the tragedy.
Published 12 Jan, 2004 12:00am
Vajpayee hopeful of opening 'new chapter' with Pakistan

Vajpayee hopeful of opening 'new chapter' with Pakistan

Indian Prime Minister Atal Behari Vajpayee on Sunday expressed hope that a breakthrough reached with Pakistan last week would open a "new chapter" in the troubled history of the two South Asian countries.
Published 12 Jan, 2004 12:00am
Vajpayee hopeful of opening 'new chapter' with Pakistan

Vajpayee hopeful of opening 'new chapter' with Pakistan

Indian Prime Minister Atal Behari Vajpayee on Sunday expressed hope that a breakthrough reached with Pakistan last week would open a "new chapter" in the troubled history of the two South Asian countries.
Published 12 Jan, 2004 12:00am
'Talks with India to pave way for major breakthrough'

'Talks with India to pave way for major breakthrough'

Prime Minister Mir Zafarullah Khan Jamali on Sunday said the recent overtures between Pakistan and India, and the composite dialogue being held between the two countries next month will hopefully lead to a major breakthrough in the region.
Published 12 Jan, 2004 12:00am
JUP quits Muttahida Majlis-i-Amal in NWFP

JUP quits Muttahida Majlis-i-Amal in NWFP

The first sign of cracks appeared in Muttahida Majlis-i-Amal (MMA) as provincial chapter of Jamiat Ulema-e-Pakistan (JUP) on Sunday announced to quit the six party religion-political alliance and government in the North West Frontier Province.
Published 12 Jan, 2004 12:00am
JUP quits Muttahida Majlis-i-Amal in NWFP

JUP quits Muttahida Majlis-i-Amal in NWFP

The first sign of cracks appeared in Muttahida Majlis-i-Amal (MMA) as provincial chapter of Jamiat Ulema-e-Pakistan (JUP) on Sunday announced to quit the six party religion-political alliance and government in the North West Frontier Province.
Published 12 Jan, 2004 12:00am
Badla rates move down despite rising market

Badla rates move down despite rising market

Badla rates entered single digit zone during last week despite rise in share prices, proving that ample liquidity is available in the market.
Published 12 Jan, 2004 12:00am
Badla rates move down despite rising market

Badla rates move down despite rising market

Badla rates entered single digit zone during last week despite rise in share prices, proving that ample liquidity is available in the market.
Published 12 Jan, 2004 12:00am
Jamali orders release of 149 Afghans

Jamali orders release of 149 Afghans

As a goodwill gesture, Prime Minister Mir Zafarullah Khan Jamali on Sunday ordered the release of 149 Afghan Nationals serving various terms in different Pakistani jails, under the foreigners Act.
Published 12 Jan, 2004 12:00am
Jamali orders release of 149 Afghans

Jamali orders release of 149 Afghans

As a goodwill gesture, Prime Minister Mir Zafarullah Khan Jamali on Sunday ordered the release of 149 Afghan Nationals serving various terms in different Pakistani jails, under the foreigners Act.
Published 12 Jan, 2004 12:00am
Karachi Stocks Exchange index up 2.2 percent

Karachi Stocks Exchange index up 2.2 percent

The share market gained 2.2 percent during the preceding week as Saarc Summit in Islamabad closed on a positive note where Pakistan and India reached an agreement that they will hold talks to ease tension within the region and will take steps to cut pover
Published 12 Jan, 2004 12:00am
Karachi Stocks Exchange index up 2.2 percent

Karachi Stocks Exchange index up 2.2 percent

The share market gained 2.2 percent during the preceding week as Saarc Summit in Islamabad closed on a positive note where Pakistan and India reached an agreement that they will hold talks to ease tension within the region and will take steps to cut pover
Published 12 Jan, 2004 12:00am
Revenue Board unable to give export data to ANF on daily basis

Revenue Board unable to give export data to ANF on daily basis

The Central Board of Revenue (CBR) has expressed its inability to give daily details of export consignments needed by the Anti-Narcotics Force (ANF) to effectively check smuggling of psychotropic drugs and heroin to other countries.
Published 12 Jan, 2004 12:00am
Revenue Board unable to give export data to ANF on daily basis

Revenue Board unable to give export data to ANF on daily basis

The Central Board of Revenue (CBR) has expressed its inability to give daily details of export consignments needed by the Anti-Narcotics Force (ANF) to effectively check smuggling of psychotropic drugs and heroin to other countries.
Published 12 Jan, 2004 12:00am
THE RUPEE: modest loss on money market

THE RUPEE: modest loss on money market

The rupee lost its ground moderately versus the dollar amid persistent demand for the greenback in the currency market last week.
Published 12 Jan, 2004 12:00am
THE RUPEE: modest loss on money market

THE RUPEE: modest loss on money market

The rupee lost its ground moderately versus the dollar amid persistent demand for the greenback in the currency market last week.
Published 12 Jan, 2004 12:00am
Nine killed in Afghan blasts

Nine killed in Afghan blasts

Five Afghan soldiers and four suspected Taleban militants have been killed in two separate explosions in southern Afghanistan, officials said on Sunday.
Published 12 Jan, 2004 12:00am
Nine killed in Afghan blasts

Nine killed in Afghan blasts

Five Afghan soldiers and four suspected Taleban militants have been killed in two separate explosions in southern Afghanistan, officials said on Sunday.
Published 12 Jan, 2004 12:00am
Iraqi protestors demand compensation

Iraqi protestors demand compensation

Scores of Iraqi demonstrators gathered again in the south-eastern city of Amara on Sunday, a day after at least six people were killed when local police and British troops fired on violent protesters.
Published 12 Jan, 2004 12:00am
14 killed in Chinese bus accident

14 killed in Chinese bus accident

Fourteen people were killed when a bus ran off the road in south-west China's Sichuan province on Sunday and plunged into a ravine, state media reported.
Published 12 Jan, 2004 12:00am
BoE in dock over BCCI scandal

BoE in dock over BCCI scandal

A huge scandal that rocked Britain's cosy financial establishment long before most people had even heard of Enron or Parmalat returns to haunt the Bank of England this week as a marathon legal battle looms.
Published 12 Jan, 2004 12:00am
504 Americans killed in Iraq: Pentagon

504 Americans killed in Iraq: Pentagon

The number of US soldiers killed in Iraq has topped 500 as the Pentagon confirmed on Sunday that 504 have died in the nearly 10 months since the US-led coalition invaded the country.
Published 12 Jan, 2004 12:00am
Saudi Arabia launches satellite news channel

Saudi Arabia launches satellite news channel

A Saudi Arabian satellite news channel went on air on Sunday, becoming the fourth television channel transmitting from the oil-rich kingdom and the first to specialise in news and current affairs.
Published 12 Jan, 2004 12:00am
Iran plunges into major political crisis

Iran plunges into major political crisis

Iran was plunged into a major political crisis on Sunday after powerful conservatives moved to disqualify massive numbers of reformists from contesting next month's crucial parliamentary elections, a move one MP branded a "coup d'etat".
Published 12 Jan, 2004 12:00am
Iran plunges into major political crisis

Iran plunges into major political crisis

Iran was plunged into a major political crisis on Sunday after powerful conservatives moved to disqualify massive numbers of reformists from contesting next month's crucial parliamentary elections, a move one MP branded a "coup d'etat".
Published 12 Jan, 2004 12:00am
The Weather

The Weather

The weather report of Sunday (January 11) and the forecast for Monday (January 12, 2004).
Published 12 Jan, 2004 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 5 to 10, 2004).
Published 12 Jan, 2004 12:00am
Egypt interbank rate steady

Egypt interbank rate steady

The median interbank overnight rate on Egypt's pound was six percent on Sunday, unchanged from Thursday's level, as bankers awaited the result of a central bank deposit auction.
Published 12 Jan, 2004 12:00am
Telecoms pull Cairo shares slightly lower

Telecoms pull Cairo shares slightly lower

Mobile operators Egyptian Company for Mobile Services (MobiNil) and Vodafone Egypt slipped on profit-taking on Sunday, pulling the Egyptian stock market slightly lower, traders said.
Published 12 Jan, 2004 12:00am
US banks likely boosted profit in fourth quarter

US banks likely boosted profit in fourth quarter

US banks likely enjoyed a solid fourth quarter, analysts said, as robust stocks and consumer borrowing offset a dramatic decline in mortgage refinancing and weak commercial lending.
Published 12 Jan, 2004 12:00am
US banks likely boosted profit in fourth quarter

US banks likely boosted profit in fourth quarter

US banks likely enjoyed a solid fourth quarter, analysts said, as robust stocks and consumer borrowing offset a dramatic decline in mortgage refinancing and weak commercial lending.
Published 12 Jan, 2004 12:00am
Hong Kong stocks seen gaining, eyes on US later

Hong Kong stocks seen gaining, eyes on US later

Hong Kong stocks are seen extending a 10 day winning streak on the back of strong fund buying and a bright economic outlook, although markets will keep an eye on a slew of US corporate results later in the week.
Published 12 Jan, 2004 12:00am
Tokyo stocks seen edging up on techs and blue chips

Tokyo stocks seen edging up on techs and blue chips

Tokyo stocks are expected to rise above the key 11,000 mark this week as investors again buy into technology and other blue chip shares on expectations of improved corporate earnings.
Published 12 Jan, 2004 12:00am
Regional currencies strengthen against greenback

Regional currencies strengthen against greenback

Regional currencies surged against the greenback over the past week, with some backing down after a suspected massive intervention by Japanese monetary authorities to soften the yen.
Published 12 Jan, 2004 12:00am
Indian shares to consolidate gains

Indian shares to consolidate gains

Indian shares are seen digesting strong recent gains this week and waiting for corporate earnings to justify a sharp recent rally that lifted the market to record levels, brokers said.
Published 12 Jan, 2004 12:00am
Vintage 2004 seen for Asian bourses: Standard and Poor's

Vintage 2004 seen for Asian bourses: Standard and Poor's

Asian stock markets are poised for another strong performance in 2004, boosted mainly by regional liquidity and the region's better-than-expected economic performance, Standard and Poor's said in a report.
Published 12 Jan, 2004 12:00am
Parmalat bondholders struggle to estimate returns

Parmalat bondholders struggle to estimate returns

Parmalat bondholders are battling against vast uncertainties to calculate the potential returns on their investments in the crippled Italian food company, bondholders said.
Published 12 Jan, 2004 12:00am
Parmalat bondholders struggle to estimate returns

Parmalat bondholders struggle to estimate returns

Parmalat bondholders are battling against vast uncertainties to calculate the potential returns on their investments in the crippled Italian food company, bondholders said.
Published 12 Jan, 2004 12:00am
Canadian IPO market down 20 percent in 2003

Canadian IPO market down 20 percent in 2003

There were fewer initial public offerings in Canada last year as income trust launches, a popular investment vehicle that propped up the market recently, lost some steam, according to a survey released recently.
Published 12 Jan, 2004 12:00am
Retailers to set UK stock market pace

Retailers to set UK stock market pace

The health of Britain's retailers over the Christmas trading period is likely to command most attention in the UK stock market next week as companies from the supermarkets to luxury goods sectors issue trading updates.
Published 12 Jan, 2004 12:00am
World Bank plans first yuan bonds in China

World Bank plans first yuan bonds in China

The World Bank plans to issue yuan-denominated bonds to raise funds for development projects in China, the Japanese daily, Yomiuri Shimbun said Sunday.
Published 12 Jan, 2004 12:00am
World Bank plans first yuan bonds in China

World Bank plans first yuan bonds in China

The World Bank plans to issue yuan-denominated bonds to raise funds for development projects in China, the Japanese daily, Yomiuri Shimbun said Sunday.
Published 12 Jan, 2004 12:00am
US investors hope for nod from earning reports

US investors hope for nod from earning reports

Wall Street will count on quarterly results of companies ranging from General Electric Co to Intel Corp this week to help reinforce expectations for a recovery in the economy and corporate profits to propel stocks higher.
Published 12 Jan, 2004 12:00am
SK Group inaugurates new management body

SK Group inaugurates new management body

South Korea's third largest conglomerate, SK Group, Sunday apologised for the arrest of its chairman and said it would change the way the organisation is run.
Published 12 Jan, 2004 12:00am
Bush economic policies come under fire

Bush economic policies come under fire

President George W. Bush is facing growing criticism that his economic policies, including a planned push to make his tax cuts permanent, amount to land mines in the US economy's path.
Published 12 Jan, 2004 12:00am
Parmalat financial network reached into Switzerland

Parmalat financial network reached into Switzerland

Official Swiss documents indicated Sunday that the sprawling international financial network set up by the Italian dairy giant Parmalat reached into Switzerland, where the failing group could have benefited from banking secrecy laws.
Published 12 Jan, 2004 12:00am
EU Commission heads for tough vote on budget rules

EU Commission heads for tough vote on budget rules

The European Commission will vote on Tuesday on whether to challenge the member states' decision to bend EU budget rules for France and Germany, and may have to take the step despite the likely political fallout.
Published 12 Jan, 2004 12:00am
US keeps Germany and France out of Iraq work

US keeps Germany and France out of Iraq work

Companies from countries that opposed the Iraq war remain barred from bidding for $5 billion in US-funded reconstruction contracts, a US official said on Sunday, despite hints the United States could soften its stance.
Published 12 Jan, 2004 12:00am
India wants 20,000 megawatts of nuclear power by 2020

India wants 20,000 megawatts of nuclear power by 2020

India hopes to aggressively build nuclear reactors to generate a total of 20,000 megawatts of electricity by 2020, up from 2,770 megawatts now, a senior official said in an interview published Sunday.
Published 12 Jan, 2004 12:00am
Post-war Iraq trade show opens in Amman

Post-war Iraq trade show opens in Amman

US officials Sunday underscored the "moral" duty of rebuilding war-battered Iraq as the first US Department of Commerce trade show and conference on Iraqi post-war reconstruction opened Sunday in Jordan.
Published 12 Jan, 2004 12:00am
LVMH and Morgan Stanley bias suit spurs market fears

LVMH and Morgan Stanley bias suit spurs market fears

A French court will rule on Monday on a landmark action against investment bank Morgan Stanley, which market players say could further curtail stock analysts' freedom to make investment recommendations.
Published 12 Jan, 2004 12:00am
Bad loan ratio at Chinese state banks falls

Bad loan ratio at Chinese state banks falls

China's big four state banks had an average non-performing loan ratio of 16.86 percent at the end of 2003, down 4.71 percentage points from the start of the year, the banking regulator said on Sunday.
Published 12 Jan, 2004 12:00am
Iraq's top cleric sticks to election demand

Iraq's top cleric sticks to election demand

Iraq's most revered Shia leader insisted on Sunday that democratic elections be held within months, denting US hopes of winning his crucial backing for Washington's plan for handing back sovereignty to Iraqis.
Published 12 Jan, 2004 12:00am
US must accept Iranian right to nuclear power: Khatami

US must accept Iranian right to nuclear power: Khatami

Iran's President Mohammad Khatami called on the United States on Sunday to accept Tehran's right to develop nuclear technology for peaceful purposes if it wants to see an improvement in ties between the two countries.
Published 12 Jan, 2004 12:00am
3,000 newly-trained soldiers desert Afghan army

3,000 newly-trained soldiers desert Afghan army

Thousands of Afghan National Army (ANA) soldiers have deserted the fledgling service after completing training given by instructors from the United States, France and Britain, defence ministry officials said Sunday.
Published 12 Jan, 2004 12:00am
US deeply worried over Chen's moves on Taiwan

US deeply worried over Chen's moves on Taiwan

The United States is deeply worried that Taiwanese President Chen Shui-bian is moving toward independence for the island as he wages a high-stakes re-election campaign, despite an unusual public rebuke from President George W. Bush.
Published 12 Jan, 2004 12:00am
BJP draft agenda for early elections

BJP draft agenda for early elections

Indian Prime Minister Atal Behari Vajpayee and his Hindu nationalist party Sunday charted out a strategy for parliamentary elections, which they want to hold within months to cash in on economic growth.
Published 12 Jan, 2004 12:00am
Fugitive Karadzic, possibly injured, slips Nato net

Fugitive Karadzic, possibly injured, slips Nato net

Nato troops on Sunday scaled down a major weekend hunt for top Bosnian Serb war crimes suspect Radovan Karadzic, triggered by a tip that injury may have forced him to seek help in his old headquarters town.
Published 12 Jan, 2004 12:00am
Qorei backs two-state deal as Israel warns against independence

Qorei backs two-state deal as Israel warns against independence

Prime minister Ahmed Qorei said Sunday that the Palestinians remained committed to forging a two-state settlement with Israel as the Israeli government warned it would respond to a Palestinian declaration of independence by annexing parts of the occupied
Published 12 Jan, 2004 12:00am
Turkish Cypriots form coalition

Turkish Cypriots form coalition

Two Turkish Cypriot parties on Sunday agreed to form a coalition government with a pledge to work towards a deal reuniting the divided Mediterranean island before Cyprus joins the European Union on May 1.
Published 12 Jan, 2004 12:00am
Mbeki launches poll campaign

Mbeki launches poll campaign

South African President Thabo Mbeki's party vowed on Sunday to do what it has struggled to do during a decade in power - defeating poverty and unemployment the way it did apartheid.
Published 12 Jan, 2004 12:00am
Palestinian bomber kills himself in West Bank

Palestinian bomber kills himself in West Bank

A suspected Palestinian suicide bomber was killed in the West Bank on Sunday when he apparently detonated his explosives belt prematurely after spotting an Israeli patrol, the Israeli army said.
Published 12 Jan, 2004 12:00am
Tariff commission's clarification

Tariff commission's clarification

I would like to draw your attention to the feature titled, "WTO regime's effects and solutions" which appeared in your esteemed daily on January 3, 2004. The learned writer wrote, inter alia, that:
Published 12 Jan, 2004 12:00am
Hard days for leader of Georgia's semi-autonomous region

Hard days for leader of Georgia's semi-autonomous region

Those who think being in charge of a regional fiefdom on the coast of the Black Sea in the Caucasus is a carefree existence would change their minds upon seeing Georgia's Aslan Abashidze nowadays.
Published 12 Jan, 2004 12:00am