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Mar 07, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-06-06
IPO hopeful COSCO profit to dip 18 percent in 2006

IPO hopeful COSCO profit to dip 18 percent in 2006

China COSCO Holdings Co Ltd, which plans to raise US $1.7 billion in an upcoming IPO, will see its profits fall 18 percent to 3.54 billion yuan (US $427 million) in 2006 as the shipping cycle turns down, its sponsor HSBC said. "This forecast decline is ma
Published 06 Jun, 2005 12:00am
High-tech ship sets course for green ocean transport

High-tech ship sets course for green ocean transport

Will technological advances, fuel costs and environmental concerns bring back commercial sailing for cargo ships? Shipping firm Wallenius Wilhelmsen (WW) has designed a high-tech "back to the future" freighter powered solely by wind and waves in the expec
Published 06 Jun, 2005 12:00am
Pakistan getting back on tourist trail

Pakistan getting back on tourist trail

"The only things I knew about Pakistan before I came here were bombing and shooting," Japanese tourist Aya Tsutatani says over a sumptuous dinner of local delicacies including chicken handi and pulao. Nibbling a slab of warm nan, her friend Katsuvia Miura
Published 06 Jun, 2005 12:00am
Russians who wed foreigners should be exiled: deputy

Russians who wed foreigners should be exiled: deputy

Russians who marry foreigners could be exiled and stripped of their citizenship under a bill being drafted by a group of members of parliament, a deputy said on Sunday. One of the bill's authors, Duma deputy Nikolai Kuryanovich, a member of the ultra-nati
Published 06 Jun, 2005 12:00am
Reformists win place in Malaysia's Islamic party

Reformists win place in Malaysia's Islamic party

Malaysia's Islamic party on Sunday named new liberal leaders, shunning conservative clerics and paving the way for charismatic rebel politician Anwar Ibrahim to lead an opposition alliance. Parti Islam se-Malaysia (PAS), an opposition force until it was c
Published 06 Jun, 2005 12:00am
Alpine tunnel closed for months

Alpine tunnel closed for months

The Frejus tunnel linking France and Italy through the Alps will remain closed for months after a massive blaze that killed two Slovenian truck drivers, authorities said Sunday. "We have 10 kilometers (six miles) to clear out and repair. We'll be counting
Published 06 Jun, 2005 12:00am
Saddam to face 12 charges

Saddam to face 12 charges

Iraq said Sunday it would bring only 12 charges of crimes against humanity against Saddam Hussein although there were more than 500 possible cases against the ousted dictator. Hailing 1,200 arrests in its week-old security sweep of the capital, the govern
Published 06 Jun, 2005 12:00am
Sri Lanka's peace hopes rise after India backs aid plan

Sri Lanka's peace hopes rise after India backs aid plan

Sri Lanka's hopes of reviving peace talks with Tiger rebels were raised after India gave its backing to a controversial aid-sharing deal with the guerrillas, a senior diplomat and analysts said Sunday. President Chandrika Kumaratunga Friday secured suppor
Published 06 Jun, 2005 12:00am
US running 'archipelago' of secret prisons: Amnesty

US running 'archipelago' of secret prisons: Amnesty

The US government is operating an "archipelago" of prisons around the world, many of them secret camps into which people are being "literally disappeared," a top Amnesty International official said Sunday. AI Executive Director William Schulz criticised t
Published 06 Jun, 2005 12:00am
Armed Palestinians raid Authority buildings

Armed Palestinians raid Authority buildings

Armed Palestinians raided two Palestinian Authority offices on Sunday to demand jobs and protection in a further sign of lawlessness in the West Bank and Gaza. About 15 members of al-Aqsa Martyrs Brigades, part of President Mahmoud Abbas's Fatah faction,
Published 06 Jun, 2005 12:00am
India's Naga rebels threaten to resume war

India's Naga rebels threaten to resume war

A powerful rebel group in India's north-eastern state of Nagaland threatened Sunday to end a cease-fire in place since 1997 if the government did not meet its demands for a separate homeland. "We may be forced to fight again and hence are prepared for the
Published 06 Jun, 2005 12:00am
Hezbollah coalition set to win vote in south Lebanon

Hezbollah coalition set to win vote in south Lebanon

Voters in southern Lebanon were set Sunday to hand pro-Syria Shiite Muslim movement Hezbollah a sweeping victory in round two of the first elections to be held since Damascus withdrew its troops from the country. The "Resistance, Liberation and Developmen
Published 06 Jun, 2005 12:00am
'Iran unwilling to suspend nuclear-development'

'Iran unwilling to suspend nuclear-development'

Iranian presidential election frontrunner Akbar Hashemi Rafsanjani said in an interview out Sunday that Iran is not "willing to suspend" nuclear development, but that Tehran is ready to offer greater assurances that it will not turn a civilian system into
Published 06 Jun, 2005 12:00am
Chinese stock market goes from bad to worse

Chinese stock market goes from bad to worse

The future of China's deeply troubled stock markets went from bad to worse this week, slumping to fresh eight-year lows as regulators' plans to solve the overhang of non-tradable government-owned shares heightened fears more losses lie ahead. The benchmar
Published 06 Jun, 2005 12:00am
Taiwan successfully test-fires missiles

Taiwan successfully test-fires missiles

Taiwan has successfully tested its domestically developed Hsiung Feng anti-ship missile, the China Times newspaper said on Sunday, as the island attempts to beef up its defence capability against China's growing military threat. Taiwan could begin "small
Published 06 Jun, 2005 12:00am
Italy justice minister wants to fine burka wearers

Italy justice minister wants to fine burka wearers

Italy's justice minister, a member of the right-wing Northern League party, was accused of fuelling anti-Islamic sentiment in Italy on Sunday after saying he would fine women wearing the all-covering burka. Roberto Castelli said an Italian law banning the
Published 06 Jun, 2005 12:00am
British climber dies on Everest

British climber dies on Everest

A British software engineer, who was "road testing" new safety technology for explorers during an ascent of Mount Everest, has died climbing to the summit of the world's tallest peak, Britain's Foreign Office said on Sunday. Robert Milne, 49, from Edinbur
Published 06 Jun, 2005 12:00am
Yen rebounds, Australian dollar looks upbeat

Yen rebounds, Australian dollar looks upbeat

The yen rebounded against the dollar last week as the greenback eased against the euro after rallying on the French and Dutch rejection of the EU constitution. The outlook for the Australian dollar was meanwhile upbeat, partly in response to narrowing tra
Published 06 Jun, 2005 12:00am
Hong Kong stocks expected to remain rangebound

Hong Kong stocks expected to remain rangebound

Hong Kong stocks are expected to continue their rangebound trading this week in the absence of fresh local news to boost the market, dealers said. "The market will be rather dull this week. Oil prices may affect the market a little but we haven't got any
Published 06 Jun, 2005 12:00am
Singapore shares seen edging up

Singapore shares seen edging up

Singapore shares are expected to edge up slightly this week, in a slow build-up to a challenge of the 2,200-point resistance level, dealers said. Gains in blue chip stocks are likely to push the index higher, they said. Phillip Securities managing directo
Published 06 Jun, 2005 12:00am
Kuwaiti shares hit new high on Pentagon deal

Kuwaiti shares hit new high on Pentagon deal

Kuwait's share index rose on Sunday to end at another all-time high, still buoyed by Saturday's news that blue chip Public Warehousing Co has won a Pentagon deal possibly worth up to $14 billion. The Kuwait Stock Exchange index of some 140 firms rose 116.
Published 06 Jun, 2005 12:00am
Taiwan stock market seen rising

Taiwan stock market seen rising

Taiwan share prices are expected to rise this week amid growing investor confidence and ample liquidity, dealers said. Electronic stocks, which have led the market in the past week, are expected to continue their upward trend due to continuing investor in
Published 06 Jun, 2005 12:00am
US stocks to heed Greenspan and greenback

US stocks to heed Greenspan and greenback

Federal Reserve Chairman Alan Greenspan's take on the US economy and the dollar's movement in response to the latest trade deficit data will set the tone for the US stock market this week. Most of the drama will come toward the end of the week, with the F
Published 06 Jun, 2005 12:00am
UK investors looking to push FTSE above 5,000 points

UK investors looking to push FTSE above 5,000 points

The London stock market will be looking to breach the psychological 5,000-points barrier again next week, when the Bank of England appears set to keep interest rates on hold at 4.75 percent. The FTSE 100 index of leading London shares closed at 4,999.4 po
Published 06 Jun, 2005 12:00am
Orascom Telecom props up Egypt's benchmark bourse index

Orascom Telecom props up Egypt's benchmark bourse index

Orascom Telecom (OT) surged on the Egyptian stock exchange on Sunday, boosting the benchmark index as OT's Cairo-listed shares tracked rises in its London-listed GDRs, dealers said. OT's GDRs, or global depository receipts, rose at the end of last week, d
Published 06 Jun, 2005 12:00am
Tokyo stock market seen range-bound

Tokyo stock market seen range-bound

Japanese shares will stay steady this week, barring surprises from results for US chip giant Intel and Congressional testimony by Federal Reserve chairman Alan Greenspan, dealers said. While many analysts are optimistic that the Tokyo stock market will te
Published 06 Jun, 2005 12:00am
Indian shares set for new high

Indian shares set for new high

Indian shares appeared set to move to new highs this week amid reports a friendly solution to the Reliance Industries family feud is in sight and fears of a bad monsoon lessen, dealers said. The Mumbai Stock Exchange's 30-share benchmark Sensex index clos
Published 06 Jun, 2005 12:00am
Indonesian shares seen lower

Indonesian shares seen lower

Indonesian share prices are expected to head into a correction and post losses this week on profit-taking due to recent high stock price rises, dealers said. "Technically speaking, I expect many investors to perform profit-taking because many shares are a
Published 06 Jun, 2005 12:00am
Egypt interbank rate falls to bottom of new band

Egypt interbank rate falls to bottom of new band

The median overnight interbank rate on Egypt's pound slipped on Sunday to the lower of end of a new central bank band for overnight rates that bankers said would give a clearer indication of monetary policy direction. The Central Bank of Egypt said late o
Published 06 Jun, 2005 12:00am
Rains and floods kill more than 200 people in China

Rains and floods kill more than 200 people in China

A week of torrential rains and heavy flooding has killed at least 204 people in China and left 79 others missing, but forecasters warned the worst was yet to come, state media reported Sunday. The heavy downpours, which began in many parts of China last w
Published 06 Jun, 2005 12:00am
US decision on taking up North Korea in UN this month

US decision on taking up North Korea in UN this month

The United States is likely to decide before the end of the month whether to take the North Korean nuclear issue before the UN Security Council, a senior US defence official said Sunday. US Defence Secretary Donald Rumsfeld raised the North Korean dilemma
Published 06 Jun, 2005 12:00am
Nigeria must sue Swiss over Abacha loot: official

Nigeria must sue Swiss over Abacha loot: official

Nigeria has no option but to launch legal action against Swiss institutions for failing to hand over $500 million looted by former military dictator Sani Abacha, Nigeria's top anti-corruption official said. Switzerland agreed last August to return money t
Published 06 Jun, 2005 12:00am
Philippines hoping for truce with separatists

Philippines hoping for truce with separatists

The Philippine government hopes to reach an agreement to end a decades-long Muslim separatist rebellion in the south before the end of this year, Defence Secretary Avelino Cruz said here Sunday. Cruz told an Asia-Pacific conference attended by defence min
Published 06 Jun, 2005 12:00am
World marks green day; UN warns of booming cities

World marks green day; UN warns of booming cities

From Japan to Jamaica, millions marked World Environment Day on Sunday by planting trees or staging rallies as the United Nations urged better "green" city planning to cope with runaway urban growth. By 2030, more than 60 percent of the world's population
Published 06 Jun, 2005 12:00am
Syria's ruling party eyes reform within limits

Syria's ruling party eyes reform within limits

Syria's ruling Baath party is set to authorise new political parties and free local elections during its national congress this week although hefty restrictions are likely to accompany the reforms, a member said Sunday. The first Baath party congress in f
Published 06 Jun, 2005 12:00am
Kuwait appoints two women to local council

Kuwait appoints two women to local council

The government of Kuwait on Sunday named two women to join its municipal council, in a historic move for the oil-rich Gulf emirate which only last month agreed to grant women full political rights. In the last all-male polls in Kuwait last week, voters el
Published 06 Jun, 2005 12:00am
Tiny UK publisher beats giants on prize shortlist

Tiny UK publisher beats giants on prize shortlist

From his tiny London office, Peter Ayrton is quietly snapping up books rejected by the world's publishing giants and turning them into major success stories. His Serpent's Tail Publishing has now set the literary world abuzz by scooping two of the coveted
Published 06 Jun, 2005 12:00am
Two Taleban commanders seized in Afghanistan

Two Taleban commanders seized in Afghanistan

Afghan troops and US-led military forces have captured two Taliban commanders during a hunt for militants in western Afghanistan, the defence ministry said Sunday. "We've captured two Taliban commanders - Mullah Mohammad Rahim and Mullah Sultan," defence
Published 06 Jun, 2005 12:00am
'US and Japan to play larger role in Malacca Strait security'

'US and Japan to play larger role in Malacca Strait security'

The United States and Japan will play a bigger role in protecting the Malacca Strait amid gathering momentum for greater international co-operation in securing the region's waters, Malaysian Defence Minister Najib Razak said Sunday. Najib told a regional
Published 06 Jun, 2005 12:00am
Veteran Russian ecologists form Green party

Veteran Russian ecologists form Green party

Some of Russia's leading opposition ecologists joined forces Sunday to launch the Green Russia party which they said could become an influential political force ahead parliamentary elections in 2007. Delegates chose World Environment Day for the meeting i
Published 06 Jun, 2005 12:00am
Arab investors plan $267 million tourism bank

Arab investors plan $267 million tourism bank

Arab investors plan to set up an investment bank with a capital of around 1 billion Saudi Arabian riyals ($267 million) to invest in tourism projects in the region, one investor said on Sunday. "The launch of the bank is planned after summer or towards th
Published 06 Jun, 2005 12:00am
Total and Japan form alliance to produce 'clean' fuel

Total and Japan form alliance to produce 'clean' fuel

In the often snow-covered landscape of northern Japan, French oil giant Total is working with a Japanese consortium with a goal of mass producing by 2010 a new eco-friendly fuel derived from natural gas. At Kushiro on Japan's northernmost island of Hokkai
Published 06 Jun, 2005 12:00am
Philippines struggle to match India in riding outsourcing boom

Philippines struggle to match India in riding outsourcing boom

An education system that churns out poor-quality college graduates who can barely speak English is handicapping the Philippines as the former US colony tries to match India and ride a global outsourcing boom to lift millions out of poverty. Despite a huge
Published 06 Jun, 2005 12:00am
Data to show German and French industrial activity subdued

Data to show German and French industrial activity subdued

Eurozone indicators to be released this week will show German and French industrial activity remained subdued in April, bolstering evidence of a slowdown in economic growth, while British data also will highlight a cooling economy, experts say. Industrial
Published 06 Jun, 2005 12:00am
Britain urges Gulf states to help Africa aid plan

Britain urges Gulf states to help Africa aid plan

British finance minister Gordon Brown on Sunday urged rich, oil-producing countries in the Gulf, which have profited from a recent spike in oil prices, to join a global push to lift Africa out of poverty. Speaking ahead of a crucial week of negotiations f
Published 06 Jun, 2005 12:00am
Sri Lanka raises fuel prices amid worsening economic crisis

Sri Lanka raises fuel prices amid worsening economic crisis

Sri Lanka Sunday raised fuel prices by 7.8 percent, a month after a 16.5 percent increase aimed at easing pressure on the worsening balance of payments situation. The state Ceylon Petroleum Corporation said a litre of 95-octane gasoline will go up by 7.79
Published 06 Jun, 2005 12:00am
Monsoon hits Indian coast, boost for crops

Monsoon hits Indian coast, boost for crops

The south-west monsoon hit India's southern Kerala coast on Sunday, about four days later than normal, but the delay is not likely to have any bad impact on crops, weather officials and traders said. "The monsoon today advanced over southern parts of Kera
Published 06 Jun, 2005 12:00am
Iraq too dependent on oil, must diversify: government

Iraq too dependent on oil, must diversify: government

Iraq relies far too heavily on oil exports for generating revenue, a senior government official said on Sunday, as he urged Iraqis to diversify production and create alternative sources of income. "Ninety-five percent of Iraq's national income is dependen
Published 06 Jun, 2005 12:00am
OMV in talks with E ON for gas pipeline

OMV in talks with E ON for gas pipeline

Austrian gas and pipeline group OMV is hoping to get German utility giant E.ON as a customer for its 4.6 billion euros ($5.7 billion) gas pipeline project, its chief executive told Handelsblatt. "We are in talks with E.ON Ruhrgas," Wolfgang Ruttenstorfer
Published 06 Jun, 2005 12:00am
Accountants are kings among US 2005 graduates

Accountants are kings among US 2005 graduates

While it is not quite the days of the dot-com boom, when companies lured graduates with promises of six-figure salaries and ping-pong tables in the workplace, corporate recruiters are once again combing campuses for the best of the Class of 2005. "People
Published 06 Jun, 2005 12:00am
HSBC launches Islamic real estate income fund

HSBC launches Islamic real estate income fund

HSBC's Islamic financial services arm HSBC Amanah said on Sunday it had launched a real estate investment fund worth up to $200 million for rich individuals and institutions. The sharia-compliant HSBC Amanah Aqar Income Fund concentrates on properties lea
Published 06 Jun, 2005 12:00am
HSBC launches Islamic real estate income fund

HSBC launches Islamic real estate income fund

HSBC's Islamic financial services arm HSBC Amanah said on Sunday it had launched a real estate investment fund worth up to $200 million for rich individuals and institutions. The sharia-compliant HSBC Amanah Aqar Income Fund concentrates on properties lea
Published 06 Jun, 2005 12:00am
Singapore Exchange plans to launch derivatives

Singapore Exchange plans to launch derivatives

Singapore Exchange Ltd (SGX) will launch a second futures contract based on an Indian stock index and options likely to be based on the Straits Times Index in the second half of 2005, an SGX official said on May 31. The moves mark a push by Southeast Asia
Published 06 Jun, 2005 12:00am
South Korean Shinhan eyes LG Card, Korea Exchange Bank

South Korean Shinhan eyes LG Card, Korea Exchange Bank

South Korea's second-biggest financial services firm, Shinhan Financial Group, said it was interested in buying both top credit card firm LG Card Co Ltd and national number-five bank Korea Exchange Bank. The declaration on June 4, sets up a potential thre
Published 06 Jun, 2005 12:00am
Philips and 3Com enter into strategic alliance

Philips and 3Com enter into strategic alliance

Dutch Philips Electronics and US firm 3Com said on May 31, they had entered into an alliance to provide secure converged communications for enterprise customers. "The agreement between the two companies enables customers to benefit from Philips' broad com
Published 06 Jun, 2005 12:00am
Global service giants step up hiring in India

Global service giants step up hiring in India

When Massachusetts-based consulting firm Sapient moved to a new office in Bangalore recently, there was a telling statistic - 1,250 workers, more than half its global staff, are now in India. As English-speaking Indian graduates plug into cheap, high-spee
Published 06 Jun, 2005 12:00am
Investors seek Turk Telekom extension

Investors seek Turk Telekom extension

Some participants in a tender for a majority stake in fixed-line operator Turk Telekom are seeking an extension to the bidding deadline, but authorities have not yet decided whether to agree, Turkish officials said on June 3. They told Reuters some invest
Published 06 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Sunday (June 05, 2005).

Published 06 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Sunday (June 05, 2005).

Published 06 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Sunday (June 05, 2005).

Published 06 Jun, 2005 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (May 30 to June 4, 2005).

Published 06 Jun, 2005 12:00am
England overwhelm Bangladesh

England overwhelm Bangladesh

England beat Bangladesh by an innings and 27 runs on the third day of the second and final Test at the Riverside here on Saturday. Victory gave England the series 2-0 after their innings and 261 run first Test win at Lord's.
Published 06 Jun, 2005 12:00am
Couples and Toms part of logjam atop Memorial leaderboard

Couples and Toms part of logjam atop Memorial leaderboard

Three-time major winner Fred Couples and David Toms are part of a logjam at the top of the leaderboard after the third round of the 5.25 million dollar PGA Memorial tournament on Saturday. A half dozen players were crammed within one shot of the lead head
Published 06 Jun, 2005 12:00am
UEFA seek solution to Liverpool dilemma

UEFA seek solution to Liverpool dilemma

UEFA how vowed to find a positive solution to benefit everyone in the controversy surrounding Liverpool's bid to defend the Champions League next season. Pressure has increased on European football's governing body in the past week to include the Reds in
Published 06 Jun, 2005 12:00am
Spectacular Lara hundred shores up West Indies

Spectacular Lara hundred shores up West Indies

Batting superstar Brian Lara collected his 30th Test hundred to put West Indies in a healthy position in the second and final Test against Pakistan on Saturday. Watched by a crowd that included former Miss Universe Wendy Fitzwilliam and former World heavy
Published 06 Jun, 2005 12:00am
Australia retain Sultan Azlan Shah Cup

Australia retain Sultan Azlan Shah Cup

Craig Victory scored a golden goal 11 minutes into extra-time to give Australia a thrilling 4-3 triumph over South Korea in the final of the 14th Sultan Azlan Shah Cup here on Sunday. Victory turned in Grant Schubert's cross from the right to complete an
Published 06 Jun, 2005 12:00am
Hewitt returns to action

Hewitt returns to action

Three-time champion Lleyton Hewitt will make his first competitive start since losing a Masters Series final three months ago when he cranks up his summer grass season at the Queen's Club event starting on Monday. The Australian father-to-be, reportedly p
Published 06 Jun, 2005 12:00am
Pakistan snap up bronze medal

Pakistan snap up bronze medal

Pakistan defeated New Zealand 4-2 to secure third place in the 14th Sultan Azlan Shah Cup here on Sunday. It was scant consolation for the Pakistanis, who threw away their chance of reaching the final when they were beaten 1-0 by hosts Malaysia in league
Published 06 Jun, 2005 12:00am
Sharapova reflects on amazing year

Sharapova reflects on amazing year

Wimbledon champion Maria Sharapova will begin the countdown to defending her title at the All-England Club in Wimbledon with an appearance at the DFS Classic in Birmingham starting on Monday. The 18-year-old's rise to stardom and a first Grand Slam title
Published 06 Jun, 2005 12:00am
Proud Mary vows to roll on

Proud Mary vows to roll on

Mary Pierce's dreams of a second French Open title were shattered on Saturday by Justine Henin-Hardenne but she has vowed that at 30-years-old she has not given up hope. Pierce rolled back the years in Paris defeating a succession of younger players befor
Published 06 Jun, 2005 12:00am
Hard times give Henin great expectations

Hard times give Henin great expectations

Justine Henin-Hardenne believes her catalogue of personal and professional setbacks will spur her onto more Grand Slam success after she comfortably secured a second French Open title here on Saturday. The 23-year-old Belgian brushed aside the feeble chal
Published 06 Jun, 2005 12:00am
Nadal beats battling Puerta to win French Open

Nadal beats battling Puerta to win French Open

Spanish teenager Rafael Nadal became the first man in 23 years to win the French Open on his debut when he put down the brave, injury-hit challenge of Argentina's Mariano Puerta 6-7 (6/8), 6-3, 6-1, 7-5 in a thrilling final here on Sunday. The fourth-seed
Published 06 Jun, 2005 12:00am
Nuclear technology being utilised for cancer treatment: PAEC

Nuclear technology being utilised for cancer treatment: PAEC

Pakistan Atomic Energy Commission (PAEC) is utilising nuclear technology in wide range of socio-economic domains including cancer treatment and enhancement of agricultural productivity. The Commission was also harnessing this technology for quality contro
Published 06 Jun, 2005 12:00am
Doctors' fear of lawsuits may hurt care

Doctors' fear of lawsuits may hurt care

Doctors admit ordering unnecessary diagnostic tests or avoiding troublesome patients for fear of malpractice lawsuits, perhaps harming care in the process, a survey released on Tuesday (May 31) said. The survey of 824 Pennsylvania physicians found 93 perc
Published 06 Jun, 2005 12:00am
Climate change can increase number of World's hungry

Climate change can increase number of World's hungry

Climate change threatens to increase the number of the World's hungry by reducing the area of land available for farming in developing countries. This was stated in a report prepared by FAO and presented to the Committee on World Food Security at a specia
Published 06 Jun, 2005 12:00am
Outside eatings, a carrier of germs and bacteria

Outside eatings, a carrier of germs and bacteria

Eating outside the home is a habit, a sort of entertainment that is not confined to the rich and the fashionable in Pakistan. The bazaars of every city, town and village are littered with handcarts selling all kind of eatables, some really good and health
Published 06 Jun, 2005 12:00am
Women more prone to gallstone disease in Sindh

Women more prone to gallstone disease in Sindh

Naseem Aslam Channa from the Institute of Biochemistry, University of Sindh, has defended her research work on "the epidemiological and biochemical aspects involved in the pathogenesis of human gallstones (cholelithiasis) in southern Sindh " at a seminar.
Published 06 Jun, 2005 12:00am
HEALTH UPDATE grandpa's poisons may affect you

HEALTH UPDATE grandpa's poisons may affect you

Toxic chemicals that poisoned your grandparents, or even great-grandparents, may also affect your health, US researchers suggested on Thursday (June 2). A study in rats shows the effects of certain toxic chemicals were passed on for four generations of ma
Published 06 Jun, 2005 12:00am
HEALTH UPDATE: combining diets best way to lose weight

HEALTH UPDATE: combining diets best way to lose weight

Combining the best components of low-carbohydrate and low-fat diets could be the most effective way to lose weight and keep it off, a leading obesity expert said on Thursday (June 2). Low carbohydrate diets such as Atkins, which largely exclude fruit, veg
Published 06 Jun, 2005 12:00am
HEALTH UPDATE: power lines risk to childhood leukaemia

HEALTH UPDATE: power lines risk to childhood leukaemia

A child living near a high voltage power line may run a higher risk of contracting leukaemia - the most common childhood cancer, according to a study published on Friday (June 3). But while it showed an increased incidence of leukaemia in children whose h
Published 06 Jun, 2005 12:00am
HEALTH UPDATE: road noise can improve memory in children

HEALTH UPDATE: road noise can improve memory in children

Living next to a noisy road does not impair a child's reading ability and can actually improve memory recall, according to a new study published on Friday (June 3) into the effect of noise on childhood learning ability. However, living under a flight path
Published 06 Jun, 2005 12:00am
Japan eyes advanced supercomputer as early as 2010

Japan eyes advanced supercomputer as early as 2010

Japan is aiming to develop a supercomputer it hopes will be fast enough to help it regain the top spot it lost to US makers last year in an industry that is often seen as a proxy fight for technological supremacy. The government wants to develop a superco
Published 06 Jun, 2005 12:00am
Intel's notebook demand strong

Intel's notebook demand strong

Intel Corp sees demand for notebook computers at the high end of industry expectations, and outlined new initiatives to increase its market share in the wireless and cellular communications business that is today dominated by the likes of Texas Instrument
Published 06 Jun, 2005 12:00am
CSFB ups Cable & Wireless to 'neutral'

CSFB ups Cable & Wireless to 'neutral'

Credit Suisse First Boston raised its rating on UK telecoms company Cable & Wireless to "neutral" from "underperform" on Thursday, setting a price target of 130 pence. "What has changed for us in the last few months has been positive news in the Caribbean
Published 06 Jun, 2005 12:00am
CSFB ups Cable & Wireless to 'neutral'

CSFB ups Cable & Wireless to 'neutral'

Credit Suisse First Boston raised its rating on UK telecoms company Cable & Wireless to "neutral" from "underperform" on Thursday, setting a price target of 130 pence. "What has changed for us in the last few months has been positive news in the Caribbean
Published 06 Jun, 2005 12:00am
Pirelli sells cables assets to Goldman

Pirelli sells cables assets to Goldman

Pirelli on June one, agreed to the sale of its cable assets to the private equity arm of Goldman Sachs in a 1.3 billion-euro deal ($1.6 billion), part of the Italian group's shift to higher value businesses. Pirelli, which also makes tyres and led a 2001
Published 06 Jun, 2005 12:00am
JP Morgan cuts Portugal Telecom

JP Morgan cuts Portugal Telecom

Investment bank JP Morgan said on June 2 it had downgraded its rating on Portugal Telecom to "underweight" from "neutral" and cut the share price target to 8.7 euros from 9.1 euros. "Portugal Telecom's 3G launch contains a downgrade to mobile guidance tha
Published 06 Jun, 2005 12:00am
JP Morgan cuts Portugal Telecom

JP Morgan cuts Portugal Telecom

Investment bank JP Morgan said on June 2 it had downgraded its rating on Portugal Telecom to "underweight" from "neutral" and cut the share price target to 8.7 euros from 9.1 euros. "Portugal Telecom's 3G launch contains a downgrade to mobile guidance tha
Published 06 Jun, 2005 12:00am
Tele2 starts Swiss city network mobile

Tele2 starts Swiss city network mobile

European telecoms firm Tele2 starts a city network telephony service in Switzerland's financial centre Zurich on June two, turning up the heat on established rivals Swisscom, Orange and Sunrise. Sweden-based Tele2 said in a statement it would offer free m
Published 06 Jun, 2005 12:00am
China Construction Bank drops Citigroup as sponsor

China Construction Bank drops Citigroup as sponsor

China Construction Bank, which is preparing a $5 billion initial public offering this year, has dropped Citigroup Inc as its underwriter, people familiar with the deal said on June 02. The bank picked Citigroup as an underwriter in 2004 over rivals such a
Published 06 Jun, 2005 12:00am
Nokia to set up infrastructure plant in India

Nokia to set up infrastructure plant in India

Telecoms giant Nokia will set up a telecoms infrastructure plant in Chennai, India, the Finnish firm said on May 31,without giving financial details. A plant for base station controllers will start up during first half of 2006, at the same time with Nokia
Published 06 Jun, 2005 12:00am
Toyota eyes new cost-cut strategy as profits slow

Toyota eyes new cost-cut strategy as profits slow

Toyota Motor Corp, the world's second-biggest auto maker, is eyeing a new cost-saving strategy that would rely on a fundamental shake-up in the design of car parts to offset a sharp rise in raw materials prices, a top official said on May 30. A detailed s
Published 06 Jun, 2005 12:00am
Toyota eyes new cost-cut strategy as profits slow

Toyota eyes new cost-cut strategy as profits slow

Toyota Motor Corp, the world's second-biggest auto maker, is eyeing a new cost-saving strategy that would rely on a fundamental shake-up in the design of car parts to offset a sharp rise in raw materials prices, a top official said on May 30. A detailed s
Published 06 Jun, 2005 12:00am
SK Telecom average revenue per user dropped 2.5 percent

SK Telecom average revenue per user dropped 2.5 percent

SK Telecom Co , South Korea's top mobile operator, said on Thursday its average revenue per user (ARPU) dropped 2.5 percent in April from a month earlier. ARPU, one of the major earnings guidelines for a telecoms firm, was 43,277 won ($42.63) in April, ve
Published 06 Jun, 2005 12:00am
Merrill eyes expanding commodities unit

Merrill eyes expanding commodities unit

Merrill Lynch plans to expand its commodities business in Asia and hopes eventually also to build on its presence in such European markets as France and Germany, Stan O'Neal, Merrill's chief executive officer, said on June 01. "What we hope to do with tha
Published 06 Jun, 2005 12:00am
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