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Print - 2004-03-30
Nikkei snaps three-day rise as steel and builders sold

Nikkei snaps three-day rise as steel and builders sold

Tokyo's Nikkei average snapped a three-day winning streak on Monday as the market's recent rally made investors nervous, prompting them to cash in profits on recent high-flyers such as builders and steel makers.
Published 30 Mar, 2004 12:00am
Yen rises on speculation Japan done with intervention

Yen rises on speculation Japan done with intervention

The yen closed in on a multiyear peak versus the dollar on Monday following a newspaper report that Japan had ended its campaign to weaken its currency because the economy no longer needed propping up.
Published 30 Mar, 2004 12:00am
Swiss franc easier as yen rallies

Swiss franc easier as yen rallies

The Swiss franc opened easier on Monday as investors seeking more risk exposure moved out of the safe-haven currency and the yen advanced on a newspaper report that Japan had stopped intervening to weaken the currency.
Published 30 Mar, 2004 12:00am
Bangladeshi taka ends easier on food imports

Bangladeshi taka ends easier on food imports

The Bangladeshi taka ended slightly easier on Monday on demand for US dollars to cover import charges for edible oil and other food items, dealers said.
Published 30 Mar, 2004 12:00am
Bonds: Telecom Italia leads rally

Bonds: Telecom Italia leads rally

Bonds of Telecom Italia, one of the biggest issuers of euro-denominated debt, led European corporates higher on Monday as rising equity markets stoked risk appetite.
Published 30 Mar, 2004 12:00am
Bonds: Telecom Italia leads rally

Bonds: Telecom Italia leads rally

Bonds of Telecom Italia, one of the biggest issuers of euro-denominated debt, led European corporates higher on Monday as rising equity markets stoked risk appetite.
Published 30 Mar, 2004 12:00am
Asian currencies broadly stronger

Asian currencies broadly stronger

Asian currencies were broadly stronger on Monday as the Japanese yen threatened to rise to a multi-year high against the dollar, with sentiment helped by a calming of political tensions in Taiwan.
Published 30 Mar, 2004 12:00am
Seoul shares soar on first quarter earnings hopes

Seoul shares soar on first quarter earnings hopes

South Korean shares closed more than one percent higher on Monday, as expectations for strong quarterly earnings boosted shares in Samsung Electronics and other major technology stocks.
Published 30 Mar, 2004 12:00am
Singapore shares end mixed but Keppel rises

Singapore shares end mixed but Keppel rises

Singapore shares ended mixed on Monday as light buying in blue chips such as conglomerate Keppel Corp, whose energy unit unveiled a bond issue to fund expansion plans, failed to overcome broader market weakness.
Published 30 Mar, 2004 12:00am
Sinopec depresses Chinese shares, more losses ahead

Sinopec depresses Chinese shares, more losses ahead

China's shares fell on Monday for the fifth straight day after Sinopec Corp posted a smaller-than-expected 32 percent rise in 2003 profit, sparking a selling spree in large-capitalised blue chips.
Published 30 Mar, 2004 12:00am
Sri Lankan stocks fall

Sri Lankan stocks fall

Sri Lankan stocks fell on Monday in thin trade, with most blue chips edging lower and investors taking a wait-and-see attitude ahead of Friday's general election.
Published 30 Mar, 2004 12:00am
Thai stocks hit four-month low after bomb in south

Thai stocks hit four-month low after bomb in south

Thai shares dropped almost three percent on Monday after a weekend bomb wounded nearly 30 people in the largely Muslim south, with big cap stocks suffering and developer N.C. Housing falling on its debut.
Published 30 Mar, 2004 12:00am
Malaysian key index ends up

Malaysian key index ends up

Malaysian shares finished mostly lower on Monday, resuming last week's fall as investors locked in their gains after announcement of a new cabinet at the weekend and central bank's economic forecast.
Published 30 Mar, 2004 12:00am
Taiwan stocks surge as poll worries ease

Taiwan stocks surge as poll worries ease

Taiwan stocks surged 5.6 percent at Monday's close as political tensions eased after a peaceful rally and moves toward a recount of a disputed presidential election over the weekend sparked across-the-board buying.
Published 30 Mar, 2004 12:00am
Zambian president cancels party polls over graft

Zambian president cancels party polls over graft

Zambian President Levy Mwanawasa has cancelled elections for senior positions in his ruling Movement for Multiparty Democracy (MMD) party, saying some leaders vying for positions are corrupt.
Published 30 Mar, 2004 12:00am
Changed Cyprus plan can break ice: Annan

Changed Cyprus plan can break ice: Annan

UN head Kofi Annan unveiled a revised Cyprus plan on Monday that he said would "break the ice" in stalled talks to unite the island after 30 years of Greeks and Turks living apart.
Published 30 Mar, 2004 12:00am
US soldier killed; troops kill four in Mosul

US soldier killed; troops kill four in Mosul

A US soldier was killed Monday when a roadside bomb exploded under a military convoy near the flash-point Iraqi town of Fallujah, a senior coalition official said.
Published 30 Mar, 2004 12:00am
Actor, author Peter Ustinov dies at 82

Actor, author Peter Ustinov dies at 82

Oscar-winning British actor and playwright Peter Ustinov, one of the world's best loved raconteurs and mimics, has died at the age of 82.
Published 30 Mar, 2004 12:00am
Focus expands Madagascar's relief aid

Focus expands Madagascar's relief aid

Focus Humanitarian Assistance (FOCUS), an affiliate of the Aga Khan Development Network, has decided to expand its emergency relief intervention into education and health care support to serve some of the more than 200,000 people affected by Cyclone Gafil
Published 30 Mar, 2004 12:00am
French singer jailed for actress death

French singer jailed for actress death

A Lithuanian court sentenced French rocker Bertrand Cantat to eight years in jail on Monday for beating his actress girlfriend Marie Trintignant to death in a hotel room row.
Published 30 Mar, 2004 12:00am
Sri Lankan election commission takes over state media

Sri Lankan election commission takes over state media

Sri Lanka's election commission shocked the island on Monday by taking over state-run media four days before the vote and after weeks of charges that newspapers and television favoured President Chandrika Kumaratunga's party.
Published 30 Mar, 2004 12:00am
Virus creators using infected computers to run scams

Virus creators using infected computers to run scams

Internet security experts on Monday warned that the creators of some of the latest computer viruses were using computers infected by the bugs to run online scams to get credit card information from unsuspecting buyers.
Published 30 Mar, 2004 12:00am
US wants Khaleda Zia to complete full term: envoy

US wants Khaleda Zia to complete full term: envoy

Washington wants to see Prime Minister Khaleda Zia's government complete its five-year term as this would ensure stability in politically volatile Bangladesh, according to the top US envoy here.
Published 30 Mar, 2004 12:00am
Arab lawyers' union forms body for Saddam

Arab lawyers' union forms body for Saddam

The Arab lawyers' union has formed a "defence committee" for former president Saddam Hussein and other Iraqi prisoners, the Cairo-based organisation's deputy secretary general said Monday.
Published 30 Mar, 2004 12:00am
Seven East bloc states formally join Nato

Seven East bloc states formally join Nato

Seven former Soviet republics and East bloc states formally joined Nato on Monday as their prime ministers deposited "instruments of accession" to the alliance's founding treaty here.
Published 30 Mar, 2004 12:00am
Advani urges reconciliation in Gujarat

Advani urges reconciliation in Gujarat

Indian Deputy Prime Minister Lal Krishna Advani on Monday urged Muslims and Hindus of communally-sensitive Gujarat to bury hostilities to avert a repeat of the bloodbath that engulfed the state in 2002.
Published 30 Mar, 2004 12:00am
US confident about Afghan polls despite delay

US confident about Afghan polls despite delay

The United States is confident delayed elections in Afghanistan will go ahead in September despite chronic lawlessness, a senior envoy said Monday ahead of an aid conference for the war-torn country.
Published 30 Mar, 2004 12:00am
Judge weighs mistrial motions in Tyco case

Judge weighs mistrial motions in Tyco case

The judge in the corruption case of two former Tyco International Ltd executives called for a recess on Monday to weigh a request by defence attorneys for a mistrial due to media coverage that exposed the identity of a juror.
Published 30 Mar, 2004 12:00am
Iran revises quake death toll

Iran revises quake death toll

Iran on Monday revised down the number killed when an earthquake flattened the ancient Silk Road city of Bam in December to 26,271 from 41,000, saying many victims were counted several times in the ensuing chaos.
Published 30 Mar, 2004 12:00am
Indian rupee at new 46-month high

Indian rupee at new 46-month high

The Indian rupee finished on Monday at a new 46-month closing peak, gaining nearly one percent in the session on strong trade and foreign fund inflows, while the central bank kept its interventions to a minimum, dealers said.
Published 30 Mar, 2004 12:00am
Yen gains, euro soft on rate talk

Yen gains, euro soft on rate talk

The yen rose on Monday after a newspaper report said Japan had ended its policy of intervening to curb its gains, while the euro briefly fell on nervousness that the European Central Bank may cut interest rates this week.
Published 30 Mar, 2004 12:00am
Sterling supported by data

Sterling supported by data

Sterling traded with a firm footing on Monday as robust consumer credit and record mortgage lending data bolstered expectations for higher British interest rates.
Published 30 Mar, 2004 12:00am
Chinese yuan notches weaker

Chinese yuan notches weaker

The yuan ended two notches weaker versus the dollar at 8.2772 on Monday, remaining near the stronger end of its managed trading range.
Published 30 Mar, 2004 12:00am
Hong Kong dollar ends higher

Hong Kong dollar ends higher

The Hong Kong dollar strengthened against the US dollar on Monday as worries about a political crisis in Taiwan faded.
Published 30 Mar, 2004 12:00am
India and China agree to strengthen military ties

India and China agree to strengthen military ties

India and China announced on Monday a series of proposals to strengthen ties between their armed forces to help bolster a new friendship between the world's most populous countries, who went to war decades ago.
Published 30 Mar, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Monday (March 29, 2004).
Published 30 Mar, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Monday (March 29, 2004).
Published 30 Mar, 2004 12:00am
JKLF calls poll boycott, pulls out of APHC

JKLF calls poll boycott, pulls out of APHC

The Jammu Kashmir Liberation Front (JKLF) on Monday called on Kashmiris to boycott India's national elections next month and announced it was pulling out of All Parties Hurriyat Conference (APHC).
Published 30 Mar, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Monday (March 29, 2004).
Published 30 Mar, 2004 12:00am
JKLF calls poll boycott, pulls out of APHC

JKLF calls poll boycott, pulls out of APHC

The Jammu Kashmir Liberation Front (JKLF) on Monday called on Kashmiris to boycott India's national elections next month and announced it was pulling out of All Parties Hurriyat Conference (APHC).
Published 30 Mar, 2004 12:00am
NJLI Pen Fund Rates

NJLI Pen Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (March 29, 2004).
Published 30 Mar, 2004 12:00am
Microsoft cuts Xbox price

Microsoft cuts Xbox price

Microsoft Corp on Monday cut the price on its Xbox video game console, in an expected move seen as a boost to the game publishing industry ahead of its biggest gathering of the year.
Published 30 Mar, 2004 12:00am
NJLI Pen Fund Rates

NJLI Pen Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (March 29, 2004).
Published 30 Mar, 2004 12:00am
Jamaat-i-Islami holds Muttahida responsible for poll rigging

Jamaat-i-Islami holds Muttahida responsible for poll rigging

Naib Amir Jamaat-i-Islami, Senator Professor Ghafoor Ahmed, has held Muttahida Qaumi Movement (MQM) responsible of massive rigging, hooliganism and violence during the local body's by-elections on Sunday which has defeated the purpose of fair and free ele
Published 30 Mar, 2004 12:00am
NJLI Pen Fund Rates

NJLI Pen Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (March 29, 2004).
Published 30 Mar, 2004 12:00am
KESC urged to improve performance

KESC urged to improve performance

The load shedding in the city is causing great difficulties for the residents and people belonging to different parts of the metropolis have urged upon the KESC to improve power supply and provide relieve from load shedding, reports UPP correspondent.
Published 30 Mar, 2004 12:00am
Country has severe shortage of dental surgeons

Country has severe shortage of dental surgeons

The Governor of Sindh Dr Ishratul Ibad has said that there is acute shortage of dental surgeons in the country and the rural population is likely to continue as under-served, as long as the quantity of doctors is not increased.
Published 30 Mar, 2004 12:00am
No duty on CNG machinery

No duty on CNG machinery

The Chairman of CNG Station Owners Association, Malik Khuda Baksh has denied the report published in Business Recorder on March 26, that import duty has been imposed on CNG compressor and dispensers by CBR.
Published 30 Mar, 2004 12:00am
Commecs principal

Commecs principal

Commander Abdul Razaq (Retd) has joined the Commecs Institute of Business Education as its Principal from March 22, 2004.
Published 30 Mar, 2004 12:00am
Opposition urged not to politicise Wana operation

Opposition urged not to politicise Wana operation

Interior Minister Makhdoom Syed Faisal Saleh Hayat has said that the government would welcome positive suggestions from the opposition on Wana operation and urged the ARD and the MMA not to unnecessarily politicise the issue.
Published 30 Mar, 2004 12:00am
Verdict reserved

Verdict reserved

The Ehtesab Appellate Bench of the Lahore High Court reserved its judgement in the Steel Mills appeal against Asif Ali Zardari, spouse of the former prime minister here on Monday.
Published 30 Mar, 2004 12:00am
No change in stand on Kashmir: Prime Minister

No change in stand on Kashmir: Prime Minister

Prime Minister Mir Zafarullah Khan Jamali on Monday said there was no change in Pakistan's stance on the issue of Kashmir and added that both Islamabad and New Delhi would have to show flexibility to resolve this lingering dispute.
Published 30 Mar, 2004 12:00am
US Army Chief of Staff calls on Prime Minister

US Army Chief of Staff calls on Prime Minister

Prime Minister Mir Zafarullah Khan Jamali has said that the government would continue its efforts for eradicating the scourges of terrorism, sectarianism and religious extremism from the country.
Published 30 Mar, 2004 12:00am
Full court reference for Justice Aslam Riaz and two lawyers

Full court reference for Justice Aslam Riaz and two lawyers

The nation's highest judicial forum on Monday suspended its normal work to pay homage to three of its illustrious legal minds and recommended that memorials to commemorate their services should be appropriately installed.
Published 30 Mar, 2004 12:00am
No deal on Dr Qadeer network: Musharraf

No deal on Dr Qadeer network: Musharraf

President General Pervez Musharraf has made it categorically clear that there is no deal on Khan network and the operation against al Qaeda operatives in tribal areas.
Published 30 Mar, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 30 Mar, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (March 29, 2004).
Published 30 Mar, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The National Assembly on Monday was extraordinarily sober, its sobriety deepened on bureaucrats' refusal to give free passes to its members for the inauguration of SAF games hosted here by Pakistan.
Published 30 Mar, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.
Published 30 Mar, 2004 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 30 Mar, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 30 Mar, 2004 12:00am
Agri-related institutions urged to focus on field work

Agri-related institutions urged to focus on field work

NWFP Governor Iftikhar Hussain Shah has stressed the need of making a joint strategy by all agriculture related institutions, especially by University of Agriculture, to focus on field work, find solutions and take them back to the farmers for their pract
Published 30 Mar, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (March 29, 2004).
Published 30 Mar, 2004 12:00am
ADB workshop for betterment of Barani area farmers

ADB workshop for betterment of Barani area farmers

A one-day workshop on 'Sustainable Livelihood in Barani Areas' was held under auspices of Asian Development Bank and Agriculture Barani Area Development here on Monday. The workshop was inaugurated by Sialkot district Nazim Naeem Javed.
Published 30 Mar, 2004 12:00am
Member to Member

Member to Member

Members have subsequently reported the transactions on Monday (March 29, 2004).
Published 30 Mar, 2004 12:00am
Expatriates urged to help remove misperceptions about Islam

Expatriates urged to help remove misperceptions about Islam

The Pakistan's High Commissioner to United Kingdom, Dr Maleeha Lodhi, has urged the Overseas Pakistanis to actively get engaged with the British society, and play a proactive role in removing the misperceptions about the Islam.
Published 30 Mar, 2004 12:00am