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Print - 2004-11-10
Australian series like tackling Everest: Bracewell

Australian series like tackling Everest: Bracewell

Taking on Australia in their own backyard is like tackling Mount Everest, New Zealand cricket coach John Bracewell believes. Bracewell said his players realised they faced a huge challenge against an Australian side fresh from its first series win against
Published 10 Nov, 2004 12:00am
Pakistan hope to keep winning momentum against India

Pakistan hope to keep winning momentum against India

Captain Inzamam-ul Haq said on Tuesday he hopes to maintain Pakistan's winning momentum against archrivals India as his team prepares for its first game across the border in five years. The 15-member Pakistan squad will fly to India on Wednesday afternoon
Published 10 Nov, 2004 12:00am
Bangladeshi tea prices continue to fall

Bangladeshi tea prices continue to fall

The average price of Bangladeshi teas continued to slide on lower overseas demand at the weekly auction on Tuesday, brokers said. "About 1.15 million kg were sold at an average price of 62.18 taka ($1.04) per kg, down 0.17 taka from previous sale. The wit
Published 10 Nov, 2004 12:00am
Kenyan tea prices mixed at weekly auction

Kenyan tea prices mixed at weekly auction

Kenyan tea prices were mixed following quality at this week's auction, dealers said on Tuesday, although demand was generally better than last week. "The market saw improved demand with various rates following quality," said an official with Africa Tea Br
Published 10 Nov, 2004 12:00am
Singapore bunker fuel prices firm

Singapore bunker fuel prices firm

Singapore bunker prices held firm on Tuesday, despite cheaper 380-cst fuel oil cargoes. Suppliers pegged 380-cst bunker fuel oil at $192-$196 a tonne, down $1 from Monday. Prices for the 180-cst grades were unchanged at $201-$203.
Published 10 Nov, 2004 12:00am
Grain exports from Rouen port up

Grain exports from Rouen port up

Grain exports from the French port of Rouen totalled 544,443 tonnes in October, comprising 499,364 tonnes of wheat and 45,079 tonnes of barley, port officials said on Tuesday. That compared with exports of 419,000 tonnes in October last year, comprising 3
Published 10 Nov, 2004 12:00am
Ukraine boosts grain exports

Ukraine boosts grain exports

Ukraine's grain exports rose to 1.485 million tonnes in September from 778,900 tonnes in August and 217,600 tonnes in July, analysts said on Tuesday. ProAgro agriculture consultancies said in a statement that the ex-Soviet state had exported 498,600 tonne
Published 10 Nov, 2004 12:00am
German rapeseed plantings up

German rapeseed plantings up

German 2004/05 winter rapeseed plantings for harvesting in summer 2005 will rise only 0.41 percent on the year to 1,266,830 hectares, a study commissioned by German oilseeds industry association UFOP said on Tuesday. In the first detailed study of any Ger
Published 10 Nov, 2004 12:00am
US Plains HRW wheat bids up

US Plains HRW wheat bids up

Hard red winter wheat basis bids were mostly steady to higher Tuesday morning in the US Plains, with some country movement reported, according to merchants. Basis levels were higher in Colby, Topeka and Wichita, Kansas, as merchandisers tried to entice pr
Published 10 Nov, 2004 12:00am
US Midwest soya bids mixed, corn flat

US Midwest soya bids mixed, corn flat

Spot basis bids for corn were mostly steady in the US Midwest early on Tuesday while soyabean bids were mixed amid moderate country sales of both commodities, grain dealers said. A stretch of mostly dry weather has allowed farmers in Illinois, Indiana and
Published 10 Nov, 2004 12:00am
Philippines sees 2004 record corn harvests

Philippines sees 2004 record corn harvests

Philippine corn output this year is likely to hit a record of 5.48 million tonnes, thanks to good weather, use of higher yielding seeds and marketing help extended by government to farmers, a senior official said on Tuesday. Artemio Salazar, head of the c
Published 10 Nov, 2004 12:00am
Suez Canal reopens after stranded tanker moved

Suez Canal reopens after stranded tanker moved

The Suez Canal reopened to shipping on Tuesday after tugs moved a stranded oil tanker that had caused the longest stoppage in almost 30 years in the strategic waterway, a senior official said. Shipping through the canal resumed after coming to a standstil
Published 10 Nov, 2004 12:00am
LME copper regains support in Asia on weak dollar

LME copper regains support in Asia on weak dollar

London Metal Exchange (LME) copper futures rebounded after early losses in Asia on Tuesday as the dollar's lingering fragility induced steady bargain-hunting by fund operators. Early rounds of follow-through profit-taking had pushed down benchmark copper
Published 10 Nov, 2004 12:00am
India gold: high prices spoil festive mood, demand

India gold: high prices spoil festive mood, demand

Demand for gold in India, the world's largest consumer, has been low this festival season because of firm prices which hit 16-year highs this week with the weakening of the dollar, traders said on Tuesday. The season, which begins in August and ends in No
Published 10 Nov, 2004 12:00am
New York gold ends shade softer below new 16-year high

New York gold ends shade softer below new 16-year high

Gold futures in New York settled softer and below a 16-year high on Monday, as traders cashed in recent gains while the dollar partly recovered above a fresh all-time low against the euro. Gold for December delivery on the New York Mercantile Exchange's C
Published 10 Nov, 2004 12:00am
Asian gold: pre-holiday purchases lift trade

Asian gold: pre-holiday purchases lift trade

Jewellery consumers, undeterred by gold's rise to a 16-year high, are making last-minute purchases this week before religious festivals begin in main buying countries such as India and Indonesia, traders said. Gold rose to $435 an on ounce on Monday, the
Published 10 Nov, 2004 12:00am
Malaysian tin down on drop in LME prices

Malaysian tin down on drop in LME prices

Malaysia's tin price fell 0.8 percent on Tuesday, giving back the previous day's gains, as the market tracked a drop in the price of the metal in London. Spot tin on the Kuala Lumpur Tin Market (KLTM) ended down $70 at $9,030 a tonne on volume of 125 tonn
Published 10 Nov, 2004 12:00am
Oil hugs $49, concerns over heating fuel supply

Oil hugs $49, concerns over heating fuel supply

Oil prices clung near the $49 mark on Tuesday, pausing from a 12 percent slide from record highs ahead of key mid-week data on the health of winter fuel stockpiles in the leading consumer, the United States. US light crude gained 1 cent to $49.10 a barrel
Published 10 Nov, 2004 12:00am
Kazakhs may export 4.5 million tonnes of grain by next crop

Kazakhs may export 4.5 million tonnes of grain by next crop

Kazakhstan gathered 12.3 million to 12.4 million tonnes of grain by clean weight this year and may export up to 4.5 million tonnes by the next harvest, Agriculture Minister Serik Umbetov said on Tuesday. "The harvest comprised 13.9 million tonnes by bunke
Published 10 Nov, 2004 12:00am
Ukraine sees 2004 beet crop higher at 18 million tonnes

Ukraine sees 2004 beet crop higher at 18 million tonnes

Ukraine's government raised its 2004 sugar beet crop estimate to 18 million tonnes on Tuesday from the previous figure of 17 million, but its white beet sugar output estimate remained at 1.7 million tonnes. Ukraine harvested 13.3 million tonnes of sugar b
Published 10 Nov, 2004 12:00am
Ivory Coast cocoa exporters shut as rioting eases

Ivory Coast cocoa exporters shut as rioting eases

Leading cocoa exporters in Ivory Coast's main city Abidjan remained closed early on Tuesday as many workers stayed at home to see whether an apparent lull after three days of rioting would hold. "It's calm...People are starting to go out a bit to see if t
Published 10 Nov, 2004 12:00am
Soya ends mostly lower on big US crop size

Soya ends mostly lower on big US crop size

Soybean futures at the Chicago Board of Trade closed mostly lower on Monday on pressure from the harvest of a big US soy crop, traders said. CBOT soy closed 3 cents per bushel lower to 1/4 higher, with November down 3 at $5.02 per bushel.
Published 10 Nov, 2004 12:00am
New York sugar extends recovery

New York sugar extends recovery

Raw sugar futures rose 1.4 percent on Monday in New York, accelerating a recovery from a six-week low hit three sessions ago, but it was not clear that the market had turned the corner. At the New York Board of Trade, the key March raw sugar contract sett
Published 10 Nov, 2004 12:00am
Malaysian palm oil output in October

Malaysian palm oil output in October

Malaysia's palm oil output in October is expected to touch 1.37 million tonnes, crop forecaster Ivan Wong said on Friday, revising earlier estimates of 1.375 million for last month. Production in September officially stood at 1.49 million tonnes. Wong's f
Published 10 Nov, 2004 12:00am
Tokyo rubber edges up as dollar, oil off lows

Tokyo rubber edges up as dollar, oil off lows

Tokyo rubber futures edged up on Tuesday as the dollar came off lows against the yen and oil prices found some support, but the benchmark contract shied away from a closely watched resistance of 140 yen per kg. Investors remained reluctant to shift funds
Published 10 Nov, 2004 12:00am
Malaysian palm oil ends down on soya, awaits more data

Malaysian palm oil ends down on soya, awaits more data

Malaysian crude palm oil futures extended their losses on Tuesday as the market remained under pressure from a weak US soyoil. Fresh crop and trade estimates for October through January from private forecaster Ivan Wong failed to make an impact, with the
Published 10 Nov, 2004 12:00am
Turkey foreign direct investment exceeds

Turkey foreign direct investment exceeds

Foreign direct investment (FDI) in Turkey exceeded $2.2 billion in the first nine months of 2004, Economy Minister Ali Babacan said on Tuesday. "We will see a record year this year," Babacan told reporters during a visit to Toyota Motor Corp's automobile
Published 10 Nov, 2004 12:00am
Boeing probe widens to $100 billion Army contract: WSJ

Boeing probe widens to $100 billion Army contract: WSJ

A criminal probe of Boeing Co's dealings with the US Air Force is widening to include a $100 billion Army program it oversees, the Wall Street Journal reported on Tuesday. The newspaper, citing people familiar with the matter, said the investigation is pr
Published 10 Nov, 2004 12:00am
Confidence in US economy eases in early November

Confidence in US economy eases in early November

US consumer confidence eased in early November as economic gloom among supporters of John Kerry's democratic presidential bid overwhelmed more upbeat republicans, according to a survey released on Tuesday. Investor's Business Daily and TechnoMetrica Marke
Published 10 Nov, 2004 12:00am
Marsh & McLennan to cut 3,000 jobs as profit sinks

Marsh & McLennan to cut 3,000 jobs as profit sinks

Marsh & McLennan Cos., at the center of a bid-rigging scandal rocking the insurance industry, on Tuesday said it will cut 3,000 jobs and reported third-quarter profit sank 94 percent. The job cuts amount to 5 percent of Marsh's work force and are needed b
Published 10 Nov, 2004 12:00am
Marsh & McLennan to cut 3,000 jobs as profit sinks

Marsh & McLennan to cut 3,000 jobs as profit sinks

Marsh & McLennan Cos., at the center of a bid-rigging scandal rocking the insurance industry, on Tuesday said it will cut 3,000 jobs and reported third-quarter profit sank 94 percent. The job cuts amount to 5 percent of Marsh's work force and are needed b
Published 10 Nov, 2004 12:00am
German ZEW slumps to near two-year low

German ZEW slumps to near two-year low

German investor confidence slumped to its lowest level in almost two years in November as slowing global economic growth and fears about the impact of the euro's surge on exports fuelled pessimism, a survey showed on Tuesday. The Mannheim-based ZEW econom
Published 10 Nov, 2004 12:00am
EU divided over how much to tax imported bananas

EU divided over how much to tax imported bananas

EU governments have drawn their initial battlelines over future banana policy, potentially complicating a battle for EU market access between Latin America and Europe's former colonies, officials said on Tuesday. Reviving memories of a bitter 1990s trade
Published 10 Nov, 2004 12:00am
Europe's policy makers fret over dollar slide

Europe's policy makers fret over dollar slide

European policy makers voiced growing fears on Tuesday that the dollar's slide against Europe's single currency may jeopardise global recovery. As the dollar traded near record lows against the euro, the European Commission warned that sharp exchange rate
Published 10 Nov, 2004 12:00am
Strength of global recovery in question: Brown

Strength of global recovery in question: Brown

A mixture of problems including sharp currency fluctuations has led to uncertainty about how strong and durable the world recovery will prove, British finance minister Gordon Brown said on Tuesday. In a speech to British business leaders, the Chancellor o
Published 10 Nov, 2004 12:00am
Rupert Murdoch named as top paid executive

Rupert Murdoch named as top paid executive

US media mogul Rupert Murdoch was named Australia's top paid executive Tuesday, with a 2004 pay package up nearly 50 percent and almost twice that of his nearest rival. Days after shareholders of his News Corp voted to move the media giant's headquarters
Published 10 Nov, 2004 12:00am
Rupert Murdoch named as top paid executive

Rupert Murdoch named as top paid executive

US media mogul Rupert Murdoch was named Australia's top paid executive Tuesday, with a 2004 pay package up nearly 50 percent and almost twice that of his nearest rival. Days after shareholders of his News Corp voted to move the media giant's headquarters
Published 10 Nov, 2004 12:00am
Citigroup jumps into battle to acquire Korea Thrunet

Citigroup jumps into battle to acquire Korea Thrunet

US financial giant Citigroup has jumped into the battle to take control of Korea Thrunet, the country's third-largest broadband Internet provider, an auction manager said Tuesday. A Citigroup's unit, Citibank Financial Products, handed in a letter of inte
Published 10 Nov, 2004 12:00am
Soaring exports shrink UK trade deficit

Soaring exports shrink UK trade deficit

Britain's trade gap in goods shrank unexpectedly in September as exports hit their highest in two years despite the highest oil deficit in decades.
Published 10 Nov, 2004 12:00am
Jakarta shares hit record high on rupiah, 2005 hopes

Jakarta shares hit record high on rupiah, 2005 hopes

Jakarta shares finished at a record high on Tuesday as investors banked on a rosy outlook for Indonesian companies in 2005, analysts said. The rupiah currency also traded around a seven week high at 8,960/8.970 to the dollar earlier in the session before
Published 10 Nov, 2004 12:00am
Hong Kong shares down

Hong Kong shares down

Hong Kong stocks closed 0.33 percent lower on Tuesday after hitting an intraday, eight-month high as investors took some profits ahead of a widely expected rate hike in the United States. The blue-chip Hang Seng Index fell 44.82 points to close at 13,516.
Published 10 Nov, 2004 12:00am
US Treasuries slip

US Treasuries slip

US Treasury debt prices fell on Monday as the bearish tide that followed last week's robust jobs report continued to sweep the market lower. Just two days before the Federal Reserve meets to decide on its next monetary policy step, bonds were still reelin
Published 10 Nov, 2004 12:00am
US Treasuries slip

US Treasuries slip

US Treasury debt prices fell on Monday as the bearish tide that followed last week's robust jobs report continued to sweep the market lower. Just two days before the Federal Reserve meets to decide on its next monetary policy step, bonds were still reelin
Published 10 Nov, 2004 12:00am
US stocks finish flat, interest rate hike looms

US stocks finish flat, interest rate hike looms

Blue-chip and tech stocks ended slightly higher on Monday as investors paused after last week's election rally and braced for US interest-rate hikes that threaten to raise companies' costs. But the broader Standard & Poor's 500 index finished lower, break
Published 10 Nov, 2004 12:00am
Philippines stocks decline

Philippines stocks decline

Philippines stocks led by top telecom firm PLDT and property developer Ayala Land ended at a two week-week low on Tuesday on anxiety over a possible downgrade of the country's credit ratings. Credit rating firm Moody's Investors Service said it had put th
Published 10 Nov, 2004 12:00am
Taiwan stocks end flat, supported by steady techs

Taiwan stocks end flat, supported by steady techs

Taiwan stocks ended flat on Tuesday as support from heavyweight tech issues like AU Optronics Corp offset profit taking in financials, though the index faced heavy resistance at 6,000 points. The TAIEX share index ended with a slight gain for a second day
Published 10 Nov, 2004 12:00am
Malaysian shares up

Malaysian shares up

Malaysian shares rebounded from early falls to end up on Tuesday, led by shipping firm MISC ahead of its quarterly results on Wednesday. Activity was extremely light due to a holiday-shortened week. The market is closed from Thursday through Tuesday to ma
Published 10 Nov, 2004 12:00am
Seoul shares lower

Seoul shares lower

Seoul shares ended slightly lower on Tuesday, as concerns about a surging South Korean currency hit exporters like Samsung Electronics, while investors were also cautious ahead of a central bank rate setting meeting. The won rose to its highest dollar lev
Published 10 Nov, 2004 12:00am
Singapore shares slightly up on bargain hunting

Singapore shares slightly up on bargain hunting

Singapore shares ended slightly higher on Tuesday, helped by gains in recently battered Singapore Telecommunications and Venture Corp. The Straits Times Index ended up 1.55 points, or 0.08 percent, at 2,011.51. The index hit an intra day high of 2,020.43.
Published 10 Nov, 2004 12:00am
Tokyo stocks down, economy worries hit banks

Tokyo stocks down, economy worries hit banks

Tokyo's Nikkei average closed down 0.17 percent on Tuesday as growing worries over the domestic economic outlook hit banks and insurers, offsetting gains in shipping firms and others with bright earnings prospects. Technology exporters such as Sony Corp w
Published 10 Nov, 2004 12:00am
Chinese shares close flat

Chinese shares close flat

China's shares closed Tuesday steady as a rally among power counters offset losses in steel counters amid lingering worries over the uncertain impact of Beijing's campaign against overheated investment. The benchmark Shanghai composite index, grouping for
Published 10 Nov, 2004 12:00am
Bangladeshi taka weak on higher imports

Bangladeshi taka weak on higher imports

The Bangladeshi taka ended weaker on Tuesday, after importers sought the US dollar for fertiliser and industrial raw material imports, dealers said. The taka was quoted at 59.51/59.90 against 59.50/59.85 per US dollar on Monday.
Published 10 Nov, 2004 12:00am
Hong Kong dollar lower as USD short covering persists

Hong Kong dollar lower as USD short covering persists

The Hong Kong dollar edged lower on Tuesday as some players continued to cover short dollar positions after the Hong Kong Monetary Authority (HKMA) intervened on Monday to stem the local currency's rise against the greenback. The local currency was tradin
Published 10 Nov, 2004 12:00am
Chinese yuan notches stronger

Chinese yuan notches stronger

The yuan ended two notches stronger at 8.2764 per US dollar on Tuesday, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 3,550 points implying a rate of 7.923 yuan per dollar i
Published 10 Nov, 2004 12:00am
Swiss franc eases on Fed decision eyed

Swiss franc eases on Fed decision eyed

The Swiss franc eased against the dollar in early Tuesday trading, following in the euro's footsteps after the European Central Bank registered its growing concern over the dollar's recent weakness. The dollar last traded at 1.1819/23 francs, compared to
Published 10 Nov, 2004 12:00am
Dollar losses stemmed after ECB warning on euro

Dollar losses stemmed after ECB warning on euro

The dollar edged up against the yen and steadied versus the euro on Tuesday, as traders took a breather from recent heavy selling after the European Central Bank chief warned against the single currency's rapid climb. Although worries about the US current
Published 10 Nov, 2004 12:00am
Dollar boosted by Trichet comments, Fed looms

Dollar boosted by Trichet comments, Fed looms

The dollar rallied from record lows against the euro on Monday after European Central Bank President Jean-Claude Trichet expressed concern about the swift pace of the euro zone single currency's recent climb. Trichet, speaking after a meeting of central b
Published 10 Nov, 2004 12:00am
Nagging dollar worries offset economic optimism

Nagging dollar worries offset economic optimism

European shares failed to extend their six-month highs, despite a pullback in the record-breaking euro, as investors prepared for a soft Wall Street open and paused for breath after a sizzling post-election US rally. Although the global economic outlook s
Published 10 Nov, 2004 12:00am
Indian rupee ends steady at five-month highs

Indian rupee ends steady at five-month highs

The Indian rupee ended steady around five-month highs on Tuesday, with corporates stepping up dollar purchases and traders wary about increased central bank intervention to curb sharp gains by the local currency. Underlying sentiment was positive, helped
Published 10 Nov, 2004 12:00am
Brazil currency and stocks slip early, eyes on Fed

Brazil currency and stocks slip early, eyes on Fed

Brazil's currency and stocks weakened on Monday, pressured by high oil prices and an expected interest rate hike Wednesday by the US Federal Reserve. The Bovespa index of the Sao Paulo stock exchange fell 0.9 percent shortly after opening to 23,330.1 poin
Published 10 Nov, 2004 12:00am
Canadian dollar touches 84 cents

Canadian dollar touches 84 cents

The Canadian dollar rose for the fourth straight session on Monday, briefly touching 84 US cents as hawkish comments from the Bank of Canada helped the currency hit 12-year highs versus the US greenback. Canadian bond prices were mixed, as weakness in Tor
Published 10 Nov, 2004 12:00am
Australian dollar rally grounded as USD gets reprieve

Australian dollar rally grounded as USD gets reprieve

The Australian dollar's rally to 7-month highs ground to halt on Tuesday as recent selling pressure on the US dollar eased ahead of an expected interest rate rise by the US central bank on Wednesday. The Aussie shed around half a US cent from its previous
Published 10 Nov, 2004 12:00am
Asian currencies: won at seven-year high, others stall after Trichet

Asian currencies: won at seven-year high, others stall after Trichet

The Korean won rose to its highest level since the Asian financial crisis while other Asian currencies stalled on Tuesday as the falling US dollar took some respite from comments by the president of the European Central Bank. The dollar's decline was cut
Published 10 Nov, 2004 12:00am
Sanofi weight loss drug effective in 2-year study

Sanofi weight loss drug effective in 2-year study

An experimental Sanofi-Aventis diet drug helped people lose much more weight than a placebo in an eagerly anticipated two-year trial, researchers said on Tuesday. The pivotal late-stage study presented at the American Heart Association annual scientific m
Published 10 Nov, 2004 12:00am
Builders trash 500-year-old Chinese palace ruins

Builders trash 500-year-old Chinese palace ruins

Builders who unearthed the 500-year-old Ming Dynasty ruins of an imperial palace in the ancient Chinese capital Nanjing destroyed the site despite being ordered to stop, state media reported Tuesday. Workers on Sunday unearthed several large marble pillar
Published 10 Nov, 2004 12:00am
Thousands in US weigh migrating to Canada

Thousands in US weigh migrating to Canada

Immigration Canada's website has been besieged by information-seekers since US President George W. Bush won re-election last week, the agency's spokeswoman said. The agency's website usually gets about 20,000 visits a day, but the day after Bush's re-elec
Published 10 Nov, 2004 12:00am
Indian family slain in bid to create drugs front: London court

Indian family slain in bid to create drugs front: London court

Three generations of a family of Indian origin were abducted and murdered in an elaborate plot to turn a successful import-export company into a drugs front, a court in London was told Tuesday. Entrepreneur Amarjit Chohan, 46, vanished from his home in we
Published 10 Nov, 2004 12:00am
Germany marks 15th anniversary of Wall's fall

Germany marks 15th anniversary of Wall's fall

Germany marked the 15th anniversary of the fall of the Berlin Wall on Tuesday with memories of that day's euphoric celebrations tinged with mounting frustration over the enduring divisions between East and West. Chancellor Gerhard Schroeder paid tribute t
Published 10 Nov, 2004 12:00am
Dutch dioxin scare spreads to France and Spain

Dutch dioxin scare spreads to France and Spain

France and Spain were hit on Tuesday by a dioxin contamination scare that has forced the closure of almost 200 Dutch farms after the cancer-causing toxin was found in animal feed. The European Commission and officials in the Netherlands, Germany and Belgi
Published 10 Nov, 2004 12:00am
China chemical leak puts 108 in hospital

China chemical leak puts 108 in hospital

Lightning caused a chemical leak at a factory in central China on Tuesday that led to 108 people living nearby being taken to hospital with breathing difficulties, Xinhua news agency said. The accident happened in the middle of the night at a chemical fir
Published 10 Nov, 2004 12:00am
Defence lawyers say rapport with Milosevic ruined

Defence lawyers say rapport with Milosevic ruined

The lawyers appointed to defend Slobodan Milosevic in his war crimes trial said on Tuesday their relationship with the defendant had been irreparably damaged and renewed their plea to be allowed to withdraw from the case. Steven Kay told The Hague Tribuna
Published 10 Nov, 2004 12:00am
Russia calls for new round of North Korea talks

Russia calls for new round of North Korea talks

Russia added its voice Tuesday to calls for the relaunch of six-way talks of the North Korean nuclear dispute, saying it was the only way of resolving Pyongyang's standoff with Washington. The comments came as a senior North Korean official arrived in Bei
Published 10 Nov, 2004 12:00am
Norway in new bid to break Sri Lanka peace stalemate

Norway in new bid to break Sri Lanka peace stalemate

Norway on Tuesday began a new bid to forge lasting peace between Tamil Tiger rebels and the Sri Lankan government, but diplomats played down hopes of an imminent return to the negotiating table. Special peace envoy Erik Solheim met civic leaders in Colomb
Published 10 Nov, 2004 12:00am
Nuclear waste reaches German depot after protests

Nuclear waste reaches German depot after protests

A convoy of nuclear waste reached the northern German storage depot of Gorleben on Tuesday after authorities cleared away anti-nuclear activists who descended on the area to block its path. Thousands of protesters accompanied the convoy, many wearing blac
Published 10 Nov, 2004 12:00am
French ports little affected by dock strike

French ports little affected by dock strike

A one-day strike by French Dockers on Tuesday over job cuts interrupted loading at some ports around the country but many including the main grain export hub of Rouen were operating normally, port officials said. Officials said the call by the Dockers' br
Published 10 Nov, 2004 12:00am
Oceans to rise one metre by 2100: Arctic expert

Oceans to rise one metre by 2100: Arctic expert

Global warming is melting the Arctic ice faster than expected, and the world's oceans could rise by about a metre (3 feet) by 2100, swamping homes from Bangladesh to Florida, the head of a study said on Tuesday. Robert Corell, chairman of the eight-nation
Published 10 Nov, 2004 12:00am
Two killed in Moscow car blast

Two killed in Moscow car blast

Two people were killed Tuesday and a third person injured in a car blast in the south-west of Moscow, news agencies reported quoting police. The car bomb, which killed a man and a woman, exploded around 10:30 local time (0730 GMT) near a residential build
Published 10 Nov, 2004 12:00am
Madonna calls for US troops to leave Iraq

Madonna calls for US troops to leave Iraq

US pop star Madonna made a rare foray into politics on Tuesday, calling for her home country to withdraw its troops from Iraq during an interview with British radio. "I just don't want American troops to be in Iraq, period," she said on BBC Radio. "My fee
Published 10 Nov, 2004 12:00am
Bashir loses $110 million suit against Time

Bashir loses $110 million suit against Time

An Indonesian court Tuesday rejected a 110 million dollar libel lawsuit brought by Muslim cleric Abu Bakar Bashir against US magazine Time over an article said to implicate him in terrorism. Judges threw out the "unacceptable" lawsuit saying it failed to
Published 10 Nov, 2004 12:00am
Sudan and rebels sign two deals

Sudan and rebels sign two deals

The Sudanese government and two rebel groups from the war torn region of Darfur signed Tuesday two accords to demilitarise their conflict and ensure the safety of 1.5 million displaced people. At a ceremony in Abuja overseen by the African Union's current
Published 10 Nov, 2004 12:00am
Three killed in main city

Three killed in main city

Three protesters were killed and several wounded in Ivory Coast's main city on Tuesday after shooting near a hotel controlled by French soldiers where demonstrators had massed to support President Laurent Gbagbo. The shooting broke out soon after South Af
Published 10 Nov, 2004 12:00am
Ivory Coast leader committed to peace: Mbeki

Ivory Coast leader committed to peace: Mbeki

Ivory Coast President Laurent Gbagbo is committed to implementing peace deals struck with rebels who hold the north of the world's top cocoa grower, South African President Thabo Mbeki said on Tuesday. "I must say I am very pleased by the commitment of th
Published 10 Nov, 2004 12:00am
US will pursue aggressive foreign policy: Powell

US will pursue aggressive foreign policy: Powell

US President George W. Bush has a fresh mandate to pursue an "aggressive" foreign policy, US Secretary of State Colin Powell said on Tuesday. In an interview with Britain's Financial Times newspaper, Powell said Bush had no intention of pulling back and i
Published 10 Nov, 2004 12:00am
Indian minister fined $30 for free ride

Indian minister fined $30 for free ride

The transport minister of India's eastern Bihar state and his personal security guard were fined 30 dollars each for travelling ticketless on a train, a report said Tuesday. Awadh Bihari Chaudhry, a member of federal railways minister Laloo Prasad Yadav's
Published 10 Nov, 2004 12:00am
Two bomb blasts wound 40 in Nepal

Two bomb blasts wound 40 in Nepal

Two powerful bomb explosions in Nepal on Tuesday ripped through a state-owned corporation building and a government office, wounding at least 40 people in attacks authorities blamed on the Maoist rebels. Three men walked into the office of the Employees P
Published 10 Nov, 2004 12:00am
Dutch Muslims rally for unity

Dutch Muslims rally for unity

Dutch Muslims rallied on Tuesday to condemn extremism and call for unity after a wave of attacks on mosques in apparent revenge for the murder of an outspoken filmmaker by a suspected Muslim extremist. About 60 young Dutch Muslims wearing orange T-shirts
Published 10 Nov, 2004 12:00am
Iran nuclear plan more like North Korea than Libya: US

Iran nuclear plan more like North Korea than Libya: US

Iran may want to follow the example of North Korea by developing nuclear weapons secretly while promising to pursue atomic energy for purely peaceful purposes, a senior US official said on Tuesday. US Assistant Secretary of State for Arms Control Stephen
Published 10 Nov, 2004 12:00am
EU threatens to go it alone on nuclear fusion

EU threatens to go it alone on nuclear fusion

The European Union warned on Tuesday it may go ahead and build the world's first nuclear fusion reactor with whatever partners it can find if there is no global deal to put the project in France at talks in Vienna. European Commission research spokesman F
Published 10 Nov, 2004 12:00am
Number of refugees world-wide has dropped: UNHCR

Number of refugees world-wide has dropped: UNHCR

The number of refugees around the world has dropped from about 20 million last year to 17.1 million this year, the UN refugee agency said Tuesday. This was partly due to successful repatriation efforts in Africa and the end of long-running civil wars in A
Published 10 Nov, 2004 12:00am
Deadline for UN hostages extended

Deadline for UN hostages extended

A Talebanss splinter group that has threatened to kill three UN hostages again extended a deadline on its demands after the government said it would respond to them on Wednesday, a spokesman for the group said on Tuesday. "We have had contact with represe
Published 10 Nov, 2004 12:00am
Traumatised Kerry supporters seek therapy

Traumatised Kerry supporters seek therapy

Shocked supporters of defeated US presidential candidate John Kerry are seeking help from psychologists, who refer to their condition as "post-election selection trauma," the Boca Raton News reported Tuesday. The daily said Palm Beach, Florida trauma spec
Published 10 Nov, 2004 12:00am
Kerry hints at possible 2008 White House run: reports

Kerry hints at possible 2008 White House run: reports

Defeated Democratic presidential candidate John Kerry has hinted that he could make another run for the White House in 2008, press reports said Tuesday. Kerry hinted to a post-campaign event on Saturday that he could run again. "Sometimes God tests you,"
Published 10 Nov, 2004 12:00am
Blair must demand Bush move on Guantanamo

Blair must demand Bush move on Guantanamo

Relatives and rights lawyers urged Prime Minister Tony Blair on Tuesday to demand the release of all Britons and other Europeans from the US prison camp at Guantanamo Bay when he meets President George W. Bush this week. Campaigners said a ruling by a Was
Published 10 Nov, 2004 12:00am
Sterling holds steady

Sterling holds steady

Sterling held steady against the dollar and hovered near recent 10-month lows against the euro on Tuesday as the market awaited hints on interest rate policy from the Bank of England's quarterly inflation report. The pound rose against the dollar and the
Published 10 Nov, 2004 12:00am
Dollar holds one cent above record low versus euro

Dollar holds one cent above record low versus euro

The dollar held almost a cent above its record low against the euro on Tuesday, winning a respite after heavy selling as European officials warned about a strong euro and investors grew wary ahead of US trade data. Weak confidence figures from Germany und
Published 10 Nov, 2004 12:00am
Indian shares flat

Indian shares flat

Shares on the key Mumbai index ended flat on Tuesday, as investors either booked profits or stayed put after the stocks index rallied to an eight-month closing high the previous day. Bonds ended higher on the day, but started paring gains on renewed worri
Published 10 Nov, 2004 12:00am
US Stock: Tuesday's unofficial close

US Stock: Tuesday's unofficial close

The blue-chip Dow average declined slightly, while the Nasdaq and the S&P 500 were little changed on Tuesday as investors waited for an expected quarter-point hike in US interest rates and results from technology bellwether Cisco Systems Inc. The Dow Jone
Published 10 Nov, 2004 12:00am
Ford completes new bond sale

Ford completes new bond sale

US auto maker Ford Motor Co dominated the European corporate bond market for a second day on Tuesday as its financing arm sold a 750 million euro bond after widening the yield on offer to entice risk-wary investors. The bond, issued by Ford Motor Credit C
Published 10 Nov, 2004 12:00am
Ford completes new bond sale

Ford completes new bond sale

US auto maker Ford Motor Co dominated the European corporate bond market for a second day on Tuesday as its financing arm sold a 750 million euro bond after widening the yield on offer to entice risk-wary investors. The bond, issued by Ford Motor Credit C
Published 10 Nov, 2004 12:00am
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