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Print - 2004-11-17
German trader charged over arms exports to Iraq

German trader charged over arms exports to Iraq

A German businessman has been charged over the illegal export of 15 armoured cars to Iraq and Afghanistan via Britain, German newspaper Bild reported on Monday. The 43-year-old man, who was not named by the paper, is accused of breaking German law by havi
Published 17 Nov, 2004 12:00am
3000 Sikhs to visit Gurdawara Punja Sahib

3000 Sikhs to visit Gurdawara Punja Sahib

More than 3000 Indian Sikh yatrees are to arrive here on November 21 by three special trains to participate in the 535th birth anniversary celebrations of Baba Guru Nanak founder of Sikh religion. During the first leg of their visit the Yatrees will reach
Published 17 Nov, 2004 12:00am
Fire destroys 36 huts

Fire destroys 36 huts

A settlement of gypsies comprising some 36 hutments was largely gutted due to sudden fire near Naval Colony in Baldia Town on Sunday. According to Fire Brigade - central office sources while no human loss was caused however items worth 0.2 million were re
Published 17 Nov, 2004 12:00am
Patchy trading marked on cotton market

Patchy trading marked on cotton market

Patchy trading was hallmark of the trading in cotton where pressure was apparently felt both on the sellers and buyers during the week ended on November 13. Spot rate was unchanged at Rs 1920. Regular lifting by ginners were seen owing to presence of the
Published 17 Nov, 2004 12:00am
Juvenile inmates offered full expenses for Matric

Juvenile inmates offered full expenses for Matric

The Pakistan Crescent Youth Organisation (PCYO) has offered to bear all expenses of those students in 'Juvenile Section' of Karachi Central Prison who intend to appear in matric examination.
Published 17 Nov, 2004 12:00am
Markets to open today

Markets to open today

All markets including Akbari Mandi, Paper Market, Azam Cloth Market, Anarkali, Liberty Market and others remained closed in the provincial metropolis on Tuesday but will open on Wednesday after Eid holidays.
Published 17 Nov, 2004 12:00am
Around 50 percent of essential drugs in short supply or not available

Around 50 percent of essential drugs in short supply or not available

Around 50 percent of the essential drugs of 119 brands of 38 local and 13 multinational pharmaceutical companies are either short in supply or not available in the open markets across the country. The non-availability of drugs is worst in Balochistan wher
Published 17 Nov, 2004 12:00am
Seminar on WTO reference centre from November 23

Seminar on WTO reference centre from November 23

A three-day seminar on the use of a WTO Reference Centre (RFC) will be held here at the Export Promotion Bureau (EPB) from November 23-25. The training is taking place as a first activity under the Trade related Technical Assistance Project for Pakistan,
Published 17 Nov, 2004 12:00am
13 die from taking country made liquor

13 die from taking country made liquor

Thirteen persons died from drinking country made liquor during the past three days during Dewali and Eid-ul-Fitr holidays, while six persons were rushed to hospital in serious condition where efforts were being made to save their lives. The deceased victi
Published 17 Nov, 2004 12:00am
Lahorites enjoy pleasant weather

Lahorites enjoy pleasant weather

Against the expectations of the Lahorites, the weather remained pleasant in the provincial metropolis during the festivity days of Eidul Fitr. Keeping the last year experience of winter, the people had prepared themselves for cold weather, and during the
Published 17 Nov, 2004 12:00am
Sugar prices slump on commodity markets

Sugar prices slump on commodity markets

Sugar prices slumped under pressure from consumers after persistent rise on the wholesale commodity markets during the Ramazan said traders on the last day of the trading week on November 13. The trading was hardly seen in proper shape, except two or thre
Published 17 Nov, 2004 12:00am
'Government committed to developing livestock sector'

'Government committed to developing livestock sector'

The present government is committed to develop livestock and poultry sector, and several new projects have been finalised for promotion of this sector on scientific basis. This was stated by representatives of the government in their messages to Alumni As
Published 17 Nov, 2004 12:00am
Unisame seeks government help for uplift of SME sector

Unisame seeks government help for uplift of SME sector

The Union of Small and Medium Enterprises (Unisame) has sought help from the Ministry of Industries and Production for the jump-start of the small and medium enterprises (SME) sector. Unisame President Zulfikar Thaver, speaking at an Eid Milan party organ
Published 17 Nov, 2004 12:00am
Six rockets fired at police station in Pat Feeder area

Six rockets fired at police station in Pat Feeder area

Miscreants fired rockets in Dera Bugti-Jacobabad along Sindh-Balochistan border area during Sunday-Monday. According to reports, reaching here from Sui, unidentified gunmen fired six rockets at under-construction Jogi Deenari Police Station in Pat Feeder
Published 17 Nov, 2004 12:00am
KW&SB and KESC told to redress public complaints

KW&SB and KESC told to redress public complaints

Sindh Chief Secretary Muhammad Aslam Sanjarani has asked the authorities of Karachi Water & Sewerage Board (KW&SB) to ensure provision of clean water to the citizens and improve sewerage system by strategically maintaining and repairing the broken/damaged
Published 17 Nov, 2004 12:00am
Services of Tangi Pol Gas Agency hailed

Services of Tangi Pol Gas Agency hailed

The residents of Tehsil Tangi, District Charsadda have hailed the services of Tangi Pol Gas Agency saying it is providing cheap gas to the resident of the area since the launch of the agency. According to a press release issued here on Tuesday, the agency
Published 17 Nov, 2004 12:00am
Free online service for infertile couples

Free online service for infertile couples

Dr Kazim Chohan a Pakistani national currently working in a US medical school has planned to open an free online advisory service to facilitate infertile couple of Pakistan. In a statement issued here on Tuesday Kazim said the objective of this project wa
Published 17 Nov, 2004 12:00am
Subsidisation on a wide front

Subsidisation on a wide front

Prime Minister Shaukat Aziz, presiding over a meeting of the Economic Co-ordination Committee of the Cabinet (ECC) on November 5, directed the Ministry of Commerce to immediately make preparations for the import of an additional one million tonnes of whea
Published 17 Nov, 2004 12:00am
Need for vigorous power development

Need for vigorous power development

While presiding over the 49th meeting of the Private Power Infrastructure Board the other day, Water and Power Minister Liaquat Ali Jatoi rightly emphasised the need of restructuring its regulations and procedures, as also of those of the National Electri
Published 17 Nov, 2004 12:00am
Providing more facilities to rail passengers

Providing more facilities to rail passengers

Mobility is an instinct or responsibility. We may endeavour to examine whether it is equally applicable in analysing mobility by rail travelling, particularly in Pakistan. Travelling has always been a strange, pleasant, and unpleasant experience at times.
Published 17 Nov, 2004 12:00am
A plea from England Muslims

A plea from England Muslims

As a Muslim woman living in England, I am shocked and appalled at the recent news of the arrests of the 3 Muslim women who demonstrated outside the Lahore Press Club last Saturday. These women were protesting against the imprisonment of their husbands for
Published 17 Nov, 2004 12:00am
Princely states' status

Princely states' status

It is reported that Quaid-i-Azam Mohammad Ali Jinnah, in his statements or speeches dated June 11 and 17 and July 19 and 30, 1947, advocated that the princely states of the subcontinent, including Kashmir, had some options, including the right to independ
Published 17 Nov, 2004 12:00am
Illegal private institutions

Illegal private institutions

It indeed is very considerate and thoughtful of the Higher Education Commission (HEC) to announce, through national Press, that a number of private universities and institutions were operating illegally and unlawfully in the country. But, then, it is simp
Published 17 Nov, 2004 12:00am
Occupied Kashmir villagers celebrate Eid despite woes

Occupied Kashmir villagers celebrate Eid despite woes

Youths let off firecrackers, children took turns on a makeshift merry-go-round and adults gathered on the streets chatting and laughing - for one day at least, residents of this violence-racked town ignored their woes and celebrated Eid-ul-Fitr. Just days
Published 17 Nov, 2004 12:00am
Joyful Eid in Kabul despite kidnappings

Joyful Eid in Kabul despite kidnappings

Three years after the fall of the hard-line Taleban regime, residents of Afghanistan's capital are celebrating the Eid-ul-Fitr festival in upbeat mood despite the kidnapping of three UN workers in the city. Wearing a newly tailored traditional Afghan shal
Published 17 Nov, 2004 12:00am
France's future in Ivory Coast in doubt as citizens flee

France's future in Ivory Coast in doubt as citizens flee

Major anti-French violence in Ivory Coast over the past week, prompting mass evacuations, has left a question mark over France's long-term presence in its former star colony. "This time it's too much. The break is serious. We will have difficulty starting
Published 17 Nov, 2004 12:00am
Indian textile town brims with optimism as quotas end

Indian textile town brims with optimism as quotas end

Murthy, a 35-year-old tailor, watches eagerly as construction workers put the finishing touches to a big apparel park that opens for business at the end of the year. The 200-acre (80-hectare) park costing nearly 2.5 billion rupees ($55 million), is expect
Published 17 Nov, 2004 12:00am
Food shortages across southern Africa

Food shortages across southern Africa

In the village of Likupa, the vegetables have come up but the more vulnerable maize harvest - the staple for much of the mountain kingdom of Lesotho's 2.2 million people - has failed for lack of rain. "Around November or December we will run out of food,"
Published 17 Nov, 2004 12:00am
US has good relations with Pakistan and India: Powell

US has good relations with Pakistan and India: Powell

Speaking of "solid alliances in Asia," US Secretary of State Colin Powell Monday said the United States has "good relations" with Pakistan and India. "We've got good relations with China, the best, perhaps, in decades, good relations with India, Pakistan,
Published 17 Nov, 2004 12:00am
Rs 15.75 million distributed among 1,000 beneficiaries

Rs 15.75 million distributed among 1,000 beneficiaries

Islamabad District Zakat Committee has distributed Rs15.75 million among about 1,000 beneficiaries under permanent rehabilitation scheme in Islamabad Capital Territory (ICT). The beneficiaries of this scheme were paid amounts ranging between Rs10,000 to 3
Published 17 Nov, 2004 12:00am
Pak-India dialogue to be encouraged: US

Pak-India dialogue to be encouraged: US

The White House on Monday said US Secretary of State Colin Powell had been "instrumental in helping to address the situation between India and Pakistan in the Kashmir region." Of Pakistan-India dialogue process, the White House Spokesman said the United S
Published 17 Nov, 2004 12:00am
Laws to be amended for children rights protection

Laws to be amended for children rights protection

The government is working on a National Plan of Action on Child Rights under which suitable amendments would be incorporated in the existing laws to protect the rights of children. "Provincial Commission for Child Welfare and Development (PCCWD) has initi
Published 17 Nov, 2004 12:00am
US MIDDAY: gold futures rise on producer price index

US MIDDAY: gold futures rise on producer price index

US gold futures rose Tuesday morning after October's producer price index posted the biggest jump in 15 years, but futures just missed a new 16-year high, with little follow-through buying for inflation hedges.
Published 17 Nov, 2004 12:00am
US MIDDAY: copper drops on follow-through selling

US MIDDAY: copper drops on follow-through selling

COMEX copper futures fell early Tuesday as funds unloaded some of their holdings in technical follow-through selling after prices slipped in the Asian and London markets overnight, traders said.
Published 17 Nov, 2004 12:00am
US MIDDAY: soya mixed on short-covering rally

US MIDDAY: soya mixed on short-covering rally

Soyabean futures at the Chicago Board of Trade were choppy and mixed early Tuesday, turning lower after an early short-covering rally inspired by fears about soya rust spreading in the United States, traders said.
Published 17 Nov, 2004 12:00am
US MIDDAY: corn higher on technical buying

US MIDDAY: corn higher on technical buying

Corn futures at the Chicago Board of Trade were higher early Tuesday due to a combination of follow-through technical buying from the past two sessions and commercial pricing, traders said.
Published 17 Nov, 2004 12:00am
US MIDDAY: sugar near six-week high on fund buying

US MIDDAY: sugar near six-week high on fund buying

Raw sugar futures finished Tuesday near a 6-week high on relentless fund buying and the market is seemingly poised to hurdle technical barriers in the coming days, brokers said.
Published 17 Nov, 2004 12:00am
US MIDDAY: cocoa slides on industry stoppage

US MIDDAY: cocoa slides on industry stoppage

New York benchmark cocoa futures fell almost 4 percent Tuesday as Ivory Coast exporters recover from last week's industry stoppage caused by days of violence in the world's No 1 cocoa producing nation.
Published 17 Nov, 2004 12:00am
US MIDDAY: coffee tumbles on overheated bull run

US MIDDAY: coffee tumbles on overheated bull run

New York benchmark coffee futures fell 5 percent Tuesday as selling from producers and funds poured cold water on Monday's overheated bull run that pushed prices up to levels not seen since July 2000.
Published 17 Nov, 2004 12:00am
London gold touches new 16-1/4-year peak

London gold touches new 16-1/4-year peak

Gold touched $440.25 per ounce on Tuesday in Europe, scoring a new 16-1/4 year high for the third day running, with the market poised for more gains. Expectations of further dollar weakness amid worries over the US current account gap were seen taking bul
Published 17 Nov, 2004 12:00am
Technical selling weighs on LME prices by close

Technical selling weighs on LME prices by close

Base metals closed down in Tuesday's ring sessions on the London Metal Exchange (LME) as technical selling in Asian copper washed through to London and New York, traders said. "London and then New York caught the selling bug from Asia, but that depth was
Published 17 Nov, 2004 12:00am
Iran celebrates self-reliance in wheat production

Iran celebrates self-reliance in wheat production

Iran, formerly a major wheat importer, on Tuesday celebrated self-sufficiency in the grain, marking the first time in 40 years it would not need imports. Iran's Agriculture Ministry said it expected production to reach 11.38 million tonnes in the year to
Published 17 Nov, 2004 12:00am
London cocoa backtracks on exports report

London cocoa backtracks on exports report

London cocoa futures closed nearly three percent lower on Tuesday, with prices under pressure from reports of increased exports from Ivory Coast, traders said. Liffe's most-active March contract settled 29 pounds lower at 945 a tonne, well off the 11-week
Published 17 Nov, 2004 12:00am
London coffee up on fund short covering

London coffee up on fund short covering

London coffee futures closed slightly higher on Tuesday although fund sales in New York caused a retreat from a seven-week peak reached in earlier trade, dealers said. Liffe's second-month January contract ended at $678 a tonne, up $8 after previously rea
Published 17 Nov, 2004 12:00am
New York cotton futures mixed

New York cotton futures mixed

New York cotton futures finished mixed Tuesday in mostly switch business as players got out of positions in spot December before the delivery period commences next week, players said. December cotton surged 1.68 cents to end at 46.59 cents a lb, dealing f
Published 17 Nov, 2004 12:00am
London sugar jumps at close on fund buying

London sugar jumps at close on fund buying

London March white sugar futures settled over 2.50 percent higher on Tuesday after funds covered short positions in a flurry of afternoon buying, and traders said the market could see more upside on Wednesday. March closed at $254.80 a tonne, up 2.54 perc
Published 17 Nov, 2004 12:00am
Oil extends slide as US supplies seen growing

Oil extends slide as US supplies seen growing

Oil prices extended a streak of losses on Tuesday as dealers anticipated that strong Opec output and recovering production in the United States would boost lean stockpiles in time for peak winter heating demand. US light crude futures were 57 cents lower
Published 17 Nov, 2004 12:00am
Oil extends slide as US supplies seen growing

Oil extends slide as US supplies seen growing

Oil prices extended a streak of losses on Tuesday as dealers anticipated that strong Opec output and recovering production in the United States would boost lean stockpiles in time for peak winter heating demand. US light crude futures were 57 cents lower
Published 17 Nov, 2004 12:00am
Platinum supplies to outpace demand in 2005: study

Platinum supplies to outpace demand in 2005: study

Supplies of platinum will outpace demand in 2005, putting the market in surplus for the first time for six years and weighing on the metal's price, a closely watched report said Tuesday. Rising output will lead to a "slightly softer" platinum price within
Published 17 Nov, 2004 12:00am
Tests show soya rust spreading in US South

Tests show soya rust spreading in US South

Tests confirmed soyabean rust disease has spread throughout Louisiana and into Mississippi, the US Agriculture Department said on Tuesday, adding to fears the fungus could rapidly infect more Southern states. The first case of soyabean rust on the US main
Published 17 Nov, 2004 12:00am
Dollar hovers above lows in London

Dollar hovers above lows in London

The dollar inched towards last week's record low against the euro on Tuesday as investors awaited data to indicate how easily the United States is funding its current account deficit. Euro zone finance ministers called on the United States to live up to i
Published 17 Nov, 2004 12:00am
Sterling grazes 11-month low versus euro, beats dollar

Sterling grazes 11-month low versus euro, beats dollar

Sterling briefly fell to an 11-month low against the euro on Tuesday after a sharp fall in UK house prices, but it gained some ground versus the struggling dollar. The drop in the housing market reinforced broad expectations that interest rates have peake
Published 17 Nov, 2004 12:00am
HSBC, US data ends FTSE's winning spree

HSBC, US data ends FTSE's winning spree

Britain's top share index ended a five-session winning streak on Tuesday, toppled by weakness in market heavyweight HSBC on worries over its US consumer finance unit and US data that sparked inflation and interest rate concerns. Cigarette and pub companie
Published 17 Nov, 2004 12:00am
Stocks rattle European corporate bonds

Stocks rattle European corporate bonds

European corporate bonds traded lower in average value on Tuesday as Wall Street and European shares declined. Both auto and telecom bonds were hit, but new issues offset some of the negative tone in the market. The FTSE Euro Corporate Bond Index showed i
Published 17 Nov, 2004 12:00am
Stocks rattle European corporate bonds

Stocks rattle European corporate bonds

European corporate bonds traded lower in average value on Tuesday as Wall Street and European shares declined. Both auto and telecom bonds were hit, but new issues offset some of the negative tone in the market. The FTSE Euro Corporate Bond Index showed i
Published 17 Nov, 2004 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

Stocks fell on Tuesday as giant retailer Wal-Mart Stores Inc declined on disappointing quarterly sales while news of a sharp rise in October producer prices fanned inflation fears. Wal-Mart, the world's largest retailer, posted a higher quarterly profit a
Published 17 Nov, 2004 12:00am
Seoul shares end down

Seoul shares end down

Seoul shares ended lower on Tuesday, hit by profit-taking after four consecutive sessions of gains and as investors fretted over the impact of a surging won currency on major exporters. Shares in South Korea's top auto maker, Hyundai Motor Co, fell 2 perc
Published 17 Nov, 2004 12:00am
Man sets fire to himself outside White House

Man sets fire to himself outside White House

A bearded man shouting "Allah" set himself on fire outside the White House on Monday before uniformed Secret Service agents wrestled him to the ground and extinguished the flames, officials and witnesses said. Hours later, another man jumped a wrought-iro
Published 17 Nov, 2004 12:00am
Hong Kong dollar eases on short covering

Hong Kong dollar eases on short covering

The Hong Kong dollar inched lower against the greenback and discounts on forwards narrowed from recent lows on Tuesday as some players covered short (US dollar) positions, dealers said. The US currency edged up on Tuesday, extending its rebound from the p
Published 17 Nov, 2004 12:00am
Singapore and Sri Lanka reach open skies pact

Singapore and Sri Lanka reach open skies pact

Singapore and Sri Lanka reached an open skies agreement on Tuesday allowing airlines from both countries to operate between them without restrictions. The pact, which comes into effect immediately, complements an open skies agreement on cargo services rea
Published 17 Nov, 2004 12:00am
EU aims to tighten cash control to combat terrorism

EU aims to tighten cash control to combat terrorism

The European Union is planning to tighten controls on cash flows across its borders to stop the financing of terrorism, but EU states need to decide which amount should trigger formal checks, diplomats said on Monday. The planned EU rules on cash control,
Published 17 Nov, 2004 12:00am
Vodafone doubles dividends

Vodafone doubles dividends

Vodafone Group Plc doubled its half-year dividend to 1.91 pence, the top end of forecasts, and boosted a full-year share buyback programme in a widely-anticipated handout to investors. Vodafone, the world's largest cell phone group by revenue, said on Tue
Published 17 Nov, 2004 12:00am
Vodafone doubles dividends

Vodafone doubles dividends

Vodafone Group Plc doubled its half-year dividend to 1.91 pence, the top end of forecasts, and boosted a full-year share buyback programme in a widely-anticipated handout to investors. Vodafone, the world's largest cell phone group by revenue, said on Tue
Published 17 Nov, 2004 12:00am
US producer prices post biggest gain since 1990

US producer prices post biggest gain since 1990

US producer prices shot up 1.7 percent last month, the biggest gain in nearly 15 years and well above expectations, as energy costs skyrocketed and food prices surged, a government report showed on Tuesday. Even outside of food and energy, producer prices
Published 17 Nov, 2004 12:00am
WTO starts bid for global pact on customs rules

WTO starts bid for global pact on customs rules

Negotiators at the World Trade Organisation (WTO) began talks on Monday aimed at eventually forging a global pact to end delays in customs procedures that cost many economies millions of euros (dollars) annually. But under an agreement in July to launch t
Published 17 Nov, 2004 12:00am
US committed to reducing budget deficit, says Snow

US committed to reducing budget deficit, says Snow

US Treasury Secretary John Snow said that Washington was committed to reducing its budget deficit, which he acknowledged was "too large", in an interview aired Tuesday. Snow, who arrived in London late Monday from Dublin on the second leg of a four-nation
Published 17 Nov, 2004 12:00am
EU's new tax chief approved

EU's new tax chief approved

Hungary's disputed nominee for the European Commission won parliamentary approval on Tuesday after taking an orthodox line in opposing EU tax harmonisation. Former Foreign Minister Laszlo Kovacs, reshuffled to the taxation portfolio, showed himself to be
Published 17 Nov, 2004 12:00am
Eurozone fears US turning deaf ear on dollar plea

Eurozone fears US turning deaf ear on dollar plea

Eurozone finance ministers on Tuesday stepped up pressure on the United States to show its strong dollar policy was more than just rhetoric even though they feared their calls were falling on deaf ears. Ministers meeting in Brussels on Monday and Tuesday
Published 17 Nov, 2004 12:00am
British inflation rises

British inflation rises

Britain's annual inflation rate edged higher in October as record oil prices caused gas, electricity and other household bills to climb at their fastest rate in at least seven years, official data showed on Tuesday. The rise to 1.2 percent from 1.1 percen
Published 17 Nov, 2004 12:00am
Japan less rosy on economy, cites exports and output

Japan less rosy on economy, cites exports and output

The Japanese government downgraded its view on the economy slightly on Tuesday, citing weaker exports and output, but it said a recovery was continuing due to steady domestic demand, in terms of both personal consumption and capital spending. "The economy
Published 17 Nov, 2004 12:00am
Pilots at Spanair on 24-hour strike

Pilots at Spanair on 24-hour strike

Pilots at Spanair, the Spanish subsidiary of Scandinavia's SAS, went on a 24-hour strike on Tuesday, the first of a series of stoppages they have called for November and December. Union Sepla accused the company of failing repeatedly to meet the terms of
Published 17 Nov, 2004 12:00am
Microsoft producing cutting edge software in India: CEO

Microsoft producing cutting edge software in India: CEO

Microsoft chief executive Steve Ballmer said Tuesday the company was developing cutting edge software products in India and not just outsourcing work. "We have taken a very different approach. We are doing cutting edge development for our products. We wan
Published 17 Nov, 2004 12:00am
Opec should cut oil supply back to quota levels: Iran

Opec should cut oil supply back to quota levels: Iran

Opec member Iran believes cartel members needs to cut production back to official quota levels to bolster prices for its lower-quality crude supplies, an Iranian oil official said on Tuesday. "We are cautioning producers to be more vigilant and fully adhe
Published 17 Nov, 2004 12:00am
US Treasury prices dip

US Treasury prices dip

US Treasury debt prices eased slightly on Monday as a drop in the cost of oil to a two-month low appeared to clear the way for strong US economic growth in the fourth quarter. Preventing further losses was speculation among some traders that minutes from
Published 17 Nov, 2004 12:00am
US Treasury prices dip

US Treasury prices dip

US Treasury debt prices eased slightly on Monday as a drop in the cost of oil to a two-month low appeared to clear the way for strong US economic growth in the fourth quarter. Preventing further losses was speculation among some traders that minutes from
Published 17 Nov, 2004 12:00am
Singapore shares retreat after hitting new four-year peak

Singapore shares retreat after hitting new four-year peak

Singapore shares hit a new 4-year peak in early trade on Tuesday before losing ground to profit-taking in recent index-heavy gainers like Singapore Telecommunications (SingTel). SingTel fell about 0.8 percent to S$2.37, after about 13 million shares trade
Published 17 Nov, 2004 12:00am
US stocks slightly changed, Microsoft helps tech

US stocks slightly changed, Microsoft helps tech

US stocks closed near the unchanged mark on Monday as investors took a breath following significant gains in the market so far this month, while lower oil prices weighed on energy shares, including Exxon Mobil Corp Microsoft Corp, which began trading ex-d
Published 17 Nov, 2004 12:00am
Indian key share index rises to nine-month high

Indian key share index rises to nine-month high

India's key share index rose to a nine-month closing high on Tuesday, but remained just shy of the psychologically important 6,000 mark. The 30-issue Mumbai Sensex rose 0.55 percent to 5,996.70 points after provisionally ending at 6,001.31 points. "The mo
Published 17 Nov, 2004 12:00am
Sri Lankan stocks dip

Sri Lankan stocks dip

Sri Lankan stocks dipped on Tuesday as foreign buying of shares in Caltex Lubricants Ltd offset sales in blue chips, while many investors held back ahead of the 2005 budget due on November 18, brokers said. The key Colombo all-share index ended down a pro
Published 17 Nov, 2004 12:00am
Thai stocks finish three-day rise on energy selling

Thai stocks finish three-day rise on energy selling

Thai stocks dipped 0.76 percent on Tuesday as quick profit-taking hit bank stocks and a fall in oil prices triggered selling of energy shares, analysts said. The benchmark Stock Exchange of Thailand composite index fell 4.91 points to 642.65 following a 3
Published 17 Nov, 2004 12:00am
Nikkei ends down on tech profit-taking, banks gain

Nikkei ends down on tech profit-taking, banks gain

Tokyo's Nikkei average ended down 0.59 percent on Tuesday as concern about the strong yen put a brake on recent gains in high-tech exporters such as Kyocera Corp, although confidence in Japan's economic outlook helped banks and insurers. The Nikkei finish
Published 17 Nov, 2004 12:00am
Taiwan stocks little changed

Taiwan stocks little changed

Taiwan stocks closed flat on Tuesday as investors shunned financial and industrial issues that had recently outperformed but put their money into tech firms like TSMC, encouraged by gains in US counterparts. The TAIEX share index inched up 0.07 percent to
Published 17 Nov, 2004 12:00am
Philippines stocks boosted by deficit hopes, PLDT leads

Philippines stocks boosted by deficit hopes, PLDT leads

Philippines stocks rose more than 2 percent on Tuesday after the government said its $3.5 billion annual budget deficit could be cut sharply by an expected revenue boost from higher import tariffs on oil and new tax measures. The Philippines aims to cap i
Published 17 Nov, 2004 12:00am
FTSE stakes out 29-month high as mmO2 leads

FTSE stakes out 29-month high as mmO2 leads

Britain's top companies rose for the fifth session in a row on Monday, led by strength in mobile phone operators Vodafone and smaller rival mmO2 and aided by falling oil prices, which calmed fears that UK company profits will be pinched. MmO2 was the top
Published 17 Nov, 2004 12:00am
Chinese shares flat

Chinese shares flat

China's shares closed flat on Tuesday as investors booked profits, with the market wanting more government measures to bolster sentiment, brokers said. The benchmark Shanghai composite index, grouping foreign-currency B shares and local-currency A shares,
Published 17 Nov, 2004 12:00am
Indian rupee ends at five-month peak, bank caps gains

Indian rupee ends at five-month peak, bank caps gains

The Indian rupee ended at a fresh five-month closing high on Tuesday, helped by robust capital and trade inflows that had bunched up over a four-day weekend, but it was pulled off a session peak by central bank intervention. The rupee closed at 45.0675/07
Published 17 Nov, 2004 12:00am
Dollar at nine-year low versus majors, Snow, US policy eyed

Dollar at nine-year low versus majors, Snow, US policy eyed

The dollar fell to a seven-month low versus the yen on Monday and hit a nine-year low against a basket of major currencies, resuming recent weakness due to concerns over the US ability to fund its current account gap. The greenback, which held within half
Published 17 Nov, 2004 12:00am
Dollar rises on position squaring, oil drop helps

Dollar rises on position squaring, oil drop helps

The dollar was mostly firmer on Monday as a drop in oil prices gave added impetus to dealers paring positions after the dollar's recent brush with historic lows. "With lower oil prices, we are seeing a dollar positive factor. However, we are not really ge
Published 17 Nov, 2004 12:00am
Australian train derailment injures around 160

Australian train derailment injures around 160

A high-speed passenger train ploughed through trees and dirt "like a bulldozer" after it mysteriously derailed in north-east Australia on Tuesday, injuring nearly all 163 people on board, rescue workers said. As a major investigation was launched, ambulan
Published 17 Nov, 2004 12:00am
Top researchers ask Web users to join science grid

Top researchers ask Web users to join science grid

IBM and top scientific research organisations are joining forces in a humanitarian effort to tap the unused power of millions of computers and help solve complex social problems. The World Community Grid will seek to tap the vast underutilised power of co
Published 17 Nov, 2004 12:00am
Nine killed in Bangladesh bus accident

Nine killed in Bangladesh bus accident

Nine people were killed and 50 were injured when three buses collided in eastern Bangladesh Monday, a report said. Two of the buses collided head-on in Comilla district on the main highway between the capital, Dhaka, and the south-eastern port city of Chi
Published 17 Nov, 2004 12:00am
Qorei seeks official report on cause of Arafat's death

Qorei seeks official report on cause of Arafat's death

Palestinian prime Minster Ahmed Qorei has asked France to provide him with a medical report detailing the cause of Palestinian leader Yasser Arafat's death, his office said Monday. "We officially demand that the Palestinian leadership be informed about th
Published 17 Nov, 2004 12:00am
Banned Ganguly could play against Proteas

Banned Ganguly could play against Proteas

Banned India captain Sourav Ganguly could still play in the first Test against South Africa on November 20, the International Cricket Council (ICC) said in a statement here on Monday. ICC match referee Clive Lloyd handed out the unprecedented two-Test ban
Published 17 Nov, 2004 12:00am
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