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Print - 2005-06-13
PTCL share price higher in kerb market

PTCL share price higher in kerb market

The Pakistan Telecommunication Company Limited (PTCL) share price was higher in the kerb market at the weekend, following news that the government has announced June 18 to sell its majority stake. The share price of telecom giant oscillated between Rs70.2
Published 13 Jun, 2005 12:00am
The Weather

The Weather

The weather report on Sunday (June 12) and the forecast for Monday (June 13, 2005).
Published 13 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Sunday (June 12, 2005).

Published 13 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Sunday (June 12, 2005).

Published 13 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Sunday (June 12, 2005).

Published 13 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 (June 6 to 11, 2005).

Published 13 Jun, 2005 12:00am
Latam 2005 growth to slow to 4 percent

Latam 2005 growth to slow to 4 percent

Economic growth in Latin America looks set to slow to around 4 percent in 2005 from last year's levels above 5 percent, the highest growth rate in more than 16 years, Mexico's central bank governor said on Sunday. "This year we expect some deceleration, t
Published 13 Jun, 2005 12:00am
German union chief urges controls on hedge funds

German union chief urges controls on hedge funds

Germany's trades union leader urged on Sunday new taxes and controls on hedge funds as the ruling Social Democrats (SPD) prepared to set out their thoughts on how to preserve the country's "social-market" economic model. Michael Sommer, head of the DGB tr
Published 13 Jun, 2005 12:00am
German union chief urges controls on hedge funds

German union chief urges controls on hedge funds

Germany's trades union leader urged on Sunday new taxes and controls on hedge funds as the ruling Social Democrats (SPD) prepared to set out their thoughts on how to preserve the country's "social-market" economic model. Michael Sommer, head of the DGB tr
Published 13 Jun, 2005 12:00am
Southern Africa salutes debt write-off plan

Southern Africa salutes debt write-off plan

Southern African nations on Sunday saluted an agreement by the world's most industrial nations to write off debt owed by 18 of the world's poorest countries, but asked for "greater movement" on trade and agriculture to access world markets.
Published 13 Jun, 2005 12:00am
Airbus and Boeing face off at Paris Air Show

Airbus and Boeing face off at Paris Air Show

The world's two giant planemakers will be facing off at the Paris Air Show opening Monday, with US champion Boeing determined to wrest back the world title won from it by European upstart Airbus. For the past two years Airbus, 80 percent owned by the Fran
Published 13 Jun, 2005 12:00am
Bangladesh draws record foreign investment

Bangladesh draws record foreign investment

Foreign direct investment in Bangladesh rose 48 percent to a record 653 million dollars in 2004 spurred by the country's fast growing mobile phone and energy sectors, the investment board said Sunday. "Our records show the 2004 (foreign direct investment)
Published 13 Jun, 2005 12:00am
'ECB rates appropriate, risks unchanged'

'ECB rates appropriate, risks unchanged'

The euro area's growth prospects and price stability risks are largely unchanged compared with 10 days ago and interest rates are appropriate, a top European Central Bank (ECB) policymaker said on Sunday. The ECB left its main policy rate unchanged at 2.0
Published 13 Jun, 2005 12:00am
World Bank chief moves to touch life of the poor in Nigeria

World Bank chief moves to touch life of the poor in Nigeria

World Bank President Paul Wolfowitz, on his first foreign trip in his new post, kicked off on Sunday a mission in Nigeria by showing concern for poor nomads in the bush and visiting a power project for small businesses. "On his arrival in the country, he
Published 13 Jun, 2005 12:00am
Philippines sees Japan FTA signed by year-end

Philippines sees Japan FTA signed by year-end

Philippine trade minister Juan Santos said on Thursday he hopes to finalise a free trade agreement with Japan by the end of the year. The two countries clinched a broad free trade agreement (FTA) last November, but Santos said final details will be worked
Published 13 Jun, 2005 12:00am
Britain renews veto threat over EU budget

Britain renews veto threat over EU budget

British Foreign Secretary Jack Straw reiterated Sunday that London would not give up its EU budget rebate and that Britain is ready to use its veto to defend its interests. He also underlined that the European Union needed to rethink its budget-consuming
Published 13 Jun, 2005 12:00am
Developing countries want fair deal for farm trade

Developing countries want fair deal for farm trade

G-33, a group of 42 developing countries, called for fairer global trade in agriculture on Sunday and demanded leeway to protect their staple farm products from subsidised imports from rich countries. The Indonesia-led group is advocating a scheme called
Published 13 Jun, 2005 12:00am
'Countries cannot be forced to stay in eurozone'

'Countries cannot be forced to stay in eurozone'

No country should be forced to remain in the eurozone if it does not want to, the European Central Bank's chief economist Otmar Issing said in a magazine interview released Sunday. "Independent from any legal regulations, you cannot force a country to rem
Published 13 Jun, 2005 12:00am
Dollar rally may aggravate global imbalances

Dollar rally may aggravate global imbalances

A rising dollar is the last thing the world's economic policy-makers need right now if correcting so-called global imbalances is at the top of their agenda. The greenback has notched gains of between 4 percent and 10 percent so far this year despite handw
Published 13 Jun, 2005 12:00am
Gough relishing new-ball battle

Gough relishing new-ball battle

Darren Gough is looking forward to the fight for the new ball among England's one-day pace attack during the upcoming triangular series against Australia and Bangladesh The 34-year-old Yorkshireman, now at Essex, showed he was still up for the challenge b
Published 13 Jun, 2005 12:00am
Sharapova retains title

Sharapova retains title

Maria Sharapova fired a warning to her Wimbledon rivals on Sunday, out-gunning Jelena Jankovic 6-2 4-6 6-1 to win the DFS Classic for the second year running. It was at this sedate setting in England's second city last year that she began a journey that c
Published 13 Jun, 2005 12:00am
Ponting backs Symonds ahead of Twenty20

Ponting backs Symonds ahead of Twenty20

Andrew Flintoff and Kevin Pietersen may have been hogging the Ashes headlines in England but Australia captain Ricky Ponting has said Andrew Symonds can star when the teams meet for the first time this season in Monday's Twenty20 international at the Rose
Published 13 Jun, 2005 12:00am
Inzamam laid back captaincy enables Pakistan to tie Test series

Inzamam laid back captaincy enables Pakistan to tie Test series

In what did turn out to be a stunning turnaround, Pakistan outplayed the West Indies to square the two-Test cricket series at Sabina Park, Kingston (Jamaica) on June 7. The resultant outcome was due to the inspired but laid back captaincy of Inzamamul Haq
Published 13 Jun, 2005 12:00am
Roddick lifts third straight Queen's trophy

Roddick lifts third straight Queen's trophy

Andy Roddick joined elite company as he won a third consecutive title at Queen's club with a 7-6 (9/7), 7-6 (7/4) victory over Croatian Ivo Karlovic Sunday. Roddick, 31-7 this season, claimed a 15th straight match on grass in west London as he took victor
Published 13 Jun, 2005 12:00am
Indian coach praises Pakistan

Indian coach praises Pakistan

Pakistan deserves one-all draw against India played at Ayub Stadium here on Sunday afternoon. This was stated by Indian Chief Football Coach Sukhwinder Singh in his brief chat with the Reporters after the first match. Answering a question Sukhwinder Singh
Published 13 Jun, 2005 12:00am
Old Kite soars high above PGA's elite in historic title bid

Old Kite soars high above PGA's elite in historic title bid

Tom Kite birdied three of the last four holes here on Saturday and put himself in position to become the oldest winner in US PGA history, grabbing a one-stroke lead at the Booz Allen Classic. The 55-year-old American, playing in the final season of his to
Published 13 Jun, 2005 12:00am
Australian stars hit by thieves

Australian stars hit by thieves

Australian stars Michael Clarke and Michael Kasprowicz were the victims of thieves at the end of the tourists' 95-run win over Leicestershire on Saturday. Clarke was left without his five favourite bats after the case containing all his equipment was stol
Published 13 Jun, 2005 12:00am
Hayden ton leads Aussies to victory

Hayden ton leads Aussies to victory

Opener Matthew Hayden smashed a century while Andrew Symonds and Damien Martyn also turned on the style as Australia crushed Leicestershire by 95 runs in a one-day clash at Grace Road here on Saturday. It was a timely win for the Aussies who face England
Published 13 Jun, 2005 12:00am
Federer completes hat-trick of Halle wins

Federer completes hat-trick of Halle wins

Roger Federer completed a hat-trick of wins in the Halle ATP grass court tournament here on Sunday defeating Russia's Marat Safin 6-4, 6-7 (6/8), 6-4 in the final. It was the perfect Wimbledon preparation for the world No.1 as he also won here in the two
Published 13 Jun, 2005 12:00am
Pakistan hold India 1-1 in football series opener

Pakistan hold India 1-1 in football series opener

Striker Mohammad Essa scored from a free kick on Sunday to help Pakistan hold India 1-1 in the thrilling opening match of the first football series played between the South Asian rivals. An enthusiastic crowd of 20,000 fans cheered as Essa scored the equa
Published 13 Jun, 2005 12:00am
'Tobacco control is not a one time activity'

'Tobacco control is not a one time activity'

The WHO Provincial Operations Officer for Sindh Dr Ghulam Nabi Kazi on Friday (June 9) cited several studies from all over the world that categorically proved the hazardous effects of tobacco consumption. He pointed out that starting with a classic ground
Published 13 Jun, 2005 12:00am
Food poisoning: causes and prevention

Food poisoning: causes and prevention

More people than ever before are buying ready to eat food, fast food, and dining out in hotels and restaurants. This change has given people new choices in the food they eat, but it has also created new problems. One of these is the risk of bacterial food
Published 13 Jun, 2005 12:00am
WED - million crying for cleaner environment

WED - million crying for cleaner environment

Despite pledges every year on the World Environment Day (WED) - cleaner environment remains an uphill task for the governments, particularly in the developing countries. Like other many developing nations, in Pakistan as well, when the World Environment D
Published 13 Jun, 2005 12:00am
'Common man takes very low protein diet'

'Common man takes very low protein diet'

Experts at a workshop on 'Support to Fisheries Sector Policy and Strategy Formulation' on Friday (June 9) underlined the need to improve the diet of the country's common man, for having very low protein intake as compared to the required standard.
Published 13 Jun, 2005 12:00am
'Use plenty of water to prevent heat'

'Use plenty of water to prevent heat'

Principal King Edward Medical College Professor Mumtaz Hassan has advised general public to take preventive measures to save themselves from current heat wave in city. Talking to APP here Sunday (June 5), the noted physician advised people to take maximum
Published 13 Jun, 2005 12:00am
Pakistan - a leading CNG user in Asia

Pakistan - a leading CNG user in Asia

Pakistan has become a leading country in Asia and the third largest user of CNG in the world after Argentina and Brazil. About 700,000 vehicles have been converted to Compressed Natural Gas (CNG) in the country by March 2005 as compared to 450,000 vehicle
Published 13 Jun, 2005 12:00am
HEALTH UPDATE: dull and low-level jobs linked to heart risk

HEALTH UPDATE: dull and low-level jobs linked to heart risk

Dull, steady, unexciting jobs may make the heart beat in an unchanging, rapid rhythm - which in turn could lead to heart disease, British researchers reported on Monday (June 6). They found that men with "low-grade jobs," meaning they had little control o
Published 13 Jun, 2005 12:00am
HEALTH UPDATE: don't smoke, just take a walk

HEALTH UPDATE: don't smoke, just take a walk

Going for a walk could help smokers to break the habit and quit smoking, scientists said. Scientists at the University of Exeter examined the effects of a one-mile walk on 15 smokers who had not taken a cigarette for nearly 15 hours.
Published 13 Jun, 2005 12:00am
HEALTH UPDATE: turmeric fights breast cancer

HEALTH UPDATE: turmeric fights breast cancer

Turmeric, a yellow spice used widely in cooking, may help stop the spread of cancer, US researchers reported on Thursday (June 9). Tests in mice showed that curcumin, an active compound found in turmeric, helped stop the spread of breast cancer tumor cell
Published 13 Jun, 2005 12:00am
HEALTH UPDATE: raisins may fight cavities and gum disease

HEALTH UPDATE: raisins may fight cavities and gum disease

They may be sweet and sticky but raisins contain compounds that suppress bacteria responsible for cavities and gum disease, US researchers said on Wednesday (June 8). While the researchers have not shown that people who eat raisins have healthier mouths,
Published 13 Jun, 2005 12:00am
South Africa's Telkom headline EPS jumps

South Africa's Telkom headline EPS jumps

South African fixed-line phone company Telkom unveiled a 47.5 percent jump in annual headline earnings per share thanks to cost cuts and strong growth at its Vodacom mobile business. Headline earnings, which strip out one-off, non-trading and capital item
Published 13 Jun, 2005 12:00am
South Africa's Telkom headline EPS jumps

South Africa's Telkom headline EPS jumps

South African fixed-line phone company Telkom unveiled a 47.5 percent jump in annual headline earnings per share thanks to cost cuts and strong growth at its Vodacom mobile business. Headline earnings, which strip out one-off, non-trading and capital item
Published 13 Jun, 2005 12:00am
EU approves Telefonica buy of Cesky Telecom

EU approves Telefonica buy of Cesky Telecom

Spain's Telefonica won permission from the European Commission on June 10, to purchase operator Cesky Telecom from the Czech government. "The Commission concluded that the transaction will not significantly impede effective competition in the EEA (Europea
Published 13 Jun, 2005 12:00am
First Albany raises Intel earnings view

First Albany raises Intel earnings view

First Albany Capital raised its forecasts for Intel Corp on June 10, a day after the world's largest chip maker lifted its second-quarter revenue and profit margin forecasts on strong demand for notebook chips. The brokerage firm now expects the Santa Cla
Published 13 Jun, 2005 12:00am
Apple announces shift to Intel chips from IBM

Apple announces shift to Intel chips from IBM

Apple Computer Inc on June 6, said it will shift to using Intel Corp microprocessors in its Macintosh computers, severing its long relationship with International Business Machines Corp, which had supplied chips to Apple. Apple said it will begin deliveri
Published 13 Jun, 2005 12:00am
Intel boosts revenue target on notebook demand

Intel boosts revenue target on notebook demand

Intel Corp, the world's largest chip maker, on June 9, raised its revenue forecast for the second quarter, citing strong demand for its Centrino notebook computer chips. But Intel shares, which rose 2 percent in regular trading, gave up 1 percent in after
Published 13 Jun, 2005 12:00am
Intel boosts revenue target on notebook demand

Intel boosts revenue target on notebook demand

Intel Corp, the world's largest chip maker, on June 9, raised its revenue forecast for the second quarter, citing strong demand for its Centrino notebook computer chips. But Intel shares, which rose 2 percent in regular trading, gave up 1 percent in after
Published 13 Jun, 2005 12:00am
Adtran raises second-quarter revenue forecast

Adtran raises second-quarter revenue forecast

Telecommunications equipment supplier Adtran Inc on June 8 raised its second-quarter revenue estimate. Adtran Chairman and Chief Executive Officer Mark Smith said in a news release that quarter-to-date bookings had been stronger than expected.
Published 13 Jun, 2005 12:00am
Adtran raises second-quarter revenue forecast

Adtran raises second-quarter revenue forecast

Telecommunications equipment supplier Adtran Inc on June 8 raised its second-quarter revenue estimate. Adtran Chairman and Chief Executive Officer Mark Smith said in a news release that quarter-to-date bookings had been stronger than expected.
Published 13 Jun, 2005 12:00am
Albacom eyes Fiat's Atlanet, sees core profit up

Albacom eyes Fiat's Atlanet, sees core profit up

Italy's BT Albacom could be interested in rival Atlanet, currently owned by Fiat, CEO Corrado Sciolla said on June 10, adding the telecoms firm expects its core profit to climb 50 percent this fiscal year. "We are interested should (Atlanet) be put on sal
Published 13 Jun, 2005 12:00am
Albacom eyes Fiat's Atlanet, sees core profit up

Albacom eyes Fiat's Atlanet, sees core profit up

Italy's BT Albacom could be interested in rival Atlanet, currently owned by Fiat, CEO Corrado Sciolla said on June 10, adding the telecoms firm expects its core profit to climb 50 percent this fiscal year. "We are interested should (Atlanet) be put on sal
Published 13 Jun, 2005 12:00am
Asia mobile subscribers seen growing 71 percent by 2009

Asia mobile subscribers seen growing 71 percent by 2009

The number of mobile subscribers in the Asia-Pacific excluding Japan reached 527.3 million last year, and is expected to grow by 71 percent to 901 million in 2009, a research firm said on June 6. Total mobile subscribers in the region grew 25.6 percent in
Published 13 Jun, 2005 12:00am
US telcom industry chases wired-wireless links

US telcom industry chases wired-wireless links

With traditional telephones in decline and wireless service on the rise, the Supercomm telecommunications trade show was full of vendors hawking the next big idea - making the two networks act as one. Phones and equipment that could combine mobile and tra
Published 13 Jun, 2005 12:00am
Indonesia to announce new 3G licence policy soon

Indonesia to announce new 3G licence policy soon

Indonesia plans to announce new regulations for the distribution of licences for third generation (3G) mobile phone services in the near future, a minister said on June 10. The licence would allow cellular operators like PT Telekomunikasi Indonesia Tbk (T
Published 13 Jun, 2005 12:00am
Merrill cuts fair value on Vimpelcom

Merrill cuts fair value on Vimpelcom

US investment bank Merrill Lynch said on June 6, it was cutting its fair value on Russian wireless telecommunications provider Vimpelcom to $41 from $43 after the company posted lacklustre first quarter results last week and its management warned capital
Published 13 Jun, 2005 12:00am
Merrill cuts fair value on Vimpelcom

Merrill cuts fair value on Vimpelcom

US investment bank Merrill Lynch said on June 6, it was cutting its fair value on Russian wireless telecommunications provider Vimpelcom to $41 from $43 after the company posted lacklustre first quarter results last week and its management warned capital
Published 13 Jun, 2005 12:00am
New Zealand regulator recommends controls on mobile calls

New Zealand regulator recommends controls on mobile calls

New Zealand's competition regulator on June 9, recommended controls on prices for calls to mobile phones, excluding third generation (3G) technology. Telecommunications Commissioner Douglas Webb said limited competition in the mobile market had resulted i
Published 13 Jun, 2005 12:00am
Motorola sees RAZR successor by end of 2006

Motorola sees RAZR successor by end of 2006

Motorola Inc expects to unveil the follow-up to its trendy RAZR phone by the end of next year with a new flagship design, the company's chief designer said on June 9. This year Motorola, the world's No. 2 cellphone maker, hopes to boost its sales by pushi
Published 13 Jun, 2005 12:00am
Qatar 60-jet order may be Airbus or Boeing

Qatar 60-jet order may be Airbus or Boeing

Qatar Airways will order 60 aircraft soon but has still not decided whether to choose Airbus's latest twin-aisle A350 jet or a rival offering from Boeing, a source close to the airline said on June 09. "No decision has been made yet but Qatar Airways aims
Published 13 Jun, 2005 12:00am
Aussie ANZ eyes investing up to A$400 millions in China

Aussie ANZ eyes investing up to A$400 millions in China

Australia and New Zealand Banking Group Ltd is looking to pour up to A$400 million dollars ($308 million) into buying 20 percent stakes in two Chinese lenders, senior officials from the bank said on June 07. Australia's third-largest bank planned to spend
Published 13 Jun, 2005 12:00am
Dow Jones hedge fund indexes shun most risky types

Dow Jones hedge fund indexes shun most risky types

Dow Jones Indexes benchmark hedge fund performance by using trading strategies that are less risky because they do not rely on the skills of a manager, the company said on Thursday. Its director of alternative strategies and derivatives, Kevin Pilarski, t
Published 13 Jun, 2005 12:00am
Dow Jones hedge fund indexes shun most risky types

Dow Jones hedge fund indexes shun most risky types

Dow Jones Indexes benchmark hedge fund performance by using trading strategies that are less risky because they do not rely on the skills of a manager, the company said on Thursday. Its director of alternative strategies and derivatives, Kevin Pilarski, t
Published 13 Jun, 2005 12:00am
Google tops list as most valuable media company

Google tops list as most valuable media company

Google Inc took over the top spot as the most highly valued media company this week, surpassing Time Warner Inc in just 10 months of trading as a public company. Google's share price on the Nasdaq rose another $2.18, or 0.75 percent, to close at $293.12 o
Published 13 Jun, 2005 12:00am
Google tops list as most valuable media company

Google tops list as most valuable media company

Google Inc took over the top spot as the most highly valued media company this week, surpassing Time Warner Inc in just 10 months of trading as a public company. Google's share price on the Nasdaq rose another $2.18, or 0.75 percent, to close at $293.12 o
Published 13 Jun, 2005 12:00am
Britannic agrees merger with Resolution

Britannic agrees merger with Resolution

UK insurer Britannic Group Plc on June 09, said it had agreed a 1.8 billion pound ($3.29 billion) merger with privately owned Resolution Life Group to create a specialist closed life fund business with the financial firepower to snap up big deals in this
Published 13 Jun, 2005 12:00am
China maiden state share reform gets mixed response

China maiden state share reform gets mixed response

Public shareholders of a firm picked as a test case in China's renewed attempt to sell more than $200 billion in untraded government-held stock did not back the plan, while shareholders in another company voted in favour.
Published 13 Jun, 2005 12:00am
China maiden state share reform gets mixed response

China maiden state share reform gets mixed response

Public shareholders of a firm picked as a test case in China's renewed attempt to sell more than $200 billion in untraded government-held stock did not back the plan, while shareholders in another company voted in favour.
Published 13 Jun, 2005 12:00am
LG Philips wins $5 billion deal with HP

LG Philips wins $5 billion deal with HP

LG.Philips LCD Co Ltd, the world's number-two flat screen maker, said on June 07, it signed a 5.05 trillion won ($5.03 billion) three-year deal to supply Hewlett-Packard Co with flat panels. Under the contract, LG.Philips will supply flat panels for noteb
Published 13 Jun, 2005 12:00am
Samsung and Rambus trade lawsuits over memory chips

Samsung and Rambus trade lawsuits over memory chips

The relationship between computer memory designer Rambus Inc and one of its largest customers, Samsung Electronics Co Ltd, turned sour this week as the companies traded federal lawsuits over patents for computer memory chips.
Published 13 Jun, 2005 12:00am
Telenor threatens to exit Vimpelcom in Alfa dispute

Telenor threatens to exit Vimpelcom in Alfa dispute

Norwegian telecoms group Telenor has threatened to exit Russia's Vimpelcom over an ownership battle with Alfa Group, but analysts were hopeful of a solution that would benefit investors in Russia's No.2 mobile phone firm.
Published 13 Jun, 2005 12:00am
Ford India takes deliberate approach to growth

Ford India takes deliberate approach to growth

After nearly doubling its capacity, Ford India has its sights set on stable growth in the face of tough competition as it prepares to launch a new car later this year, its managing director said on Tuesday. "Ford has been deliberate in its pace of growth
Published 13 Jun, 2005 12:00am
Bangladeshi interbank forex and interest rates

Bangladeshi interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 63.68/63.73 (previous 63.54/63.73). Call Money Rates: 5.0-10.0 percent (previous 5.0-16.0 percent).
Published 13 Jun, 2005 12:00am
Indonesian shares seen losing ground

Indonesian shares seen losing ground

Indonesian share prices are expected to dip this week due to concerns about the weakening rupiah and technical corrections, an analyst said. "The rupiah has slipped to the 9,600 level and many stocks are already overbought," said BNI Securities research h
Published 13 Jun, 2005 12:00am
Taiwan stock market seen steady

Taiwan stock market seen steady

Taiwan share prices are seen steady in the week ahead pending forecasts from several heavyweight companies to set tone for the market, dealers said. US Federal Reserve Chairman Alan Greenspan's congressional testimony which provided some reassurance on th
Published 13 Jun, 2005 12:00am
Cairo stocks up with retail interest in small caps

Cairo stocks up with retail interest in small caps

Egyptian stocks ended up on Sunday after retail investors showed interest in small-cap stocks like Ezz Steel Rebars and Orascom Hotels and Development, traders said. The benchmark Hermes index closed up 519.87 points, or 1.4 percent, at 38,106.36 points.
Published 13 Jun, 2005 12:00am
Japanese shares seen rising on high techs

Japanese shares seen rising on high techs

Tokyo stocks are expected to firm this week following an update earnings forecast from US chip giant Intel while the US economic outlook remains solid, dealers said. The widely held view that the US central bank is likely to keep raising interest rates at
Published 13 Jun, 2005 12:00am
Yen falls against dollar, Australian currency expected to struggle

Yen falls against dollar, Australian currency expected to struggle

The yen fell back against the dollar in the middle of last week after US Federal Reserve chairman Alan Greenspan suggested there would be no pause in the US central bank's rate-boosting cycle. The Australian dollar was meanwhile expected to struggle next
Published 13 Jun, 2005 12:00am
Hong Kong stocks seen trading firmer

Hong Kong stocks seen trading firmer

Hong Kong stocks are likely to trade firmer this week after US Federal Reserve chairman Alan Greenspan gave some reassurance about the current state of the US economy, dealers said. In his congressional testimony, Greenspan said he was not concerned about
Published 13 Jun, 2005 12:00am
Indian stocks expected to fall

Indian stocks expected to fall

Indian shares are likely to slip early this week but foreign and domestic funds should start buying once valuations return to attractive levels, giving the market a boost later in the week, dealers said. On Friday, the Mumbai stock exchange's 30-share Sen
Published 13 Jun, 2005 12:00am
Mauritius to launch new stock exchange by June 2006

Mauritius to launch new stock exchange by June 2006

Mauritius will launch a new stock market by June 2006 to seek to attract foreign investors to medium-sized companies in sectors from tourism to financial services, the Indian Ocean island's exchange said on Thursday.
Published 13 Jun, 2005 12:00am
Dubai bourse at life high, Union Properties up 15 percent

Dubai bourse at life high, Union Properties up 15 percent

Union Properties shares soared 15 percent on Sunday on talk it had been granted state lands to develop, helping send the Dubai bourse above 1,000 points for the first time, traders said. Amlak Finance, a leading mortgage lender in the United Arab Emirates
Published 13 Jun, 2005 12:00am
London stock market to focus on economic data

London stock market to focus on economic data

The London stock market was expected to take its lead from British economic data this week, notably inflation, unemployment and retail sales figures in the absence of major company results. The FTSE-100 index of leading London shares closed at 5,030.4 poi
Published 13 Jun, 2005 12:00am
Thai stocks expected to post limited gains

Thai stocks expected to post limited gains

Thai shares were tipped to post limited gains as local negative factors cleared and overseas oil prices remained a threat to the market, analysts said. "The market consolidated this past week, and I expect the market will continue to gain this week becaus
Published 13 Jun, 2005 12:00am
Malaysian shares seen trading up

Malaysian shares seen trading up

Malaysian shares are expected to trade up in this week as investors continue to purchase beaten down lower liners and concerns ease over excessive speculation, dealers said. "As the buying interest is still apparent, the market's recovery looks to sustain
Published 13 Jun, 2005 12:00am
Inflation data key to US stocks this week

Inflation data key to US stocks this week

Stock investors will pore over reports on consumer and manufacturing pricing this week, searching for signs of inflation and hints about when the Federal Reserve will reconsider its policy of steady interest rate hikes. Lately, gains in the stock market h
Published 13 Jun, 2005 12:00am
Hundreds rally in support of jailed Russian tycoon

Hundreds rally in support of jailed Russian tycoon

Around 600 supporters of Yukos oil tycoon Mikhail Khodorkovsky rallied at the headquarters of Russia's secret police on Sunday protesting against his sentencing last month to nine years in prison, an AFP reporter at the scene said. Protestors listened to
Published 13 Jun, 2005 12:00am
Indo-Pakistan love story triumphs at Bollywood Oscars

Indo-Pakistan love story triumphs at Bollywood Oscars

A Romeo and Juliet romance between an Indian pilot and his Pakistani sweetheart triumphed on Sunday at the Bollywood Oscars awards ceremony held here. "Veer Zaara" which won the best film prize and earned Yash Chopra a best director's award is a timely ta
Published 13 Jun, 2005 12:00am
Bomb derails Chechnya train, mars holiday

Bomb derails Chechnya train, mars holiday

A bomb derailed a passenger train heading from the capital of restive Chechnya to Moscow on Sunday and casualties were few only because the bomb was sited at a point where trains slow down to take a bend. The attack was seen by some politicians as an atte
Published 13 Jun, 2005 12:00am
Kuwait names first woman minister

Kuwait names first woman minister

The Kuwaiti government on Sunday named liberal academic Maasuma al-Mubarak as the Gulf emirate's first woman minister, one month after women were granted full political rights. US-educated Mubarak, a leading women's rights activist and professor of intern
Published 13 Jun, 2005 12:00am
Four US soldiers killed

Four US soldiers killed

Four US soldiers were killed during two attacks in a volatile region west of Baghdad, US military statements said Sunday. Two died Saturday when their vehicle hit a roadside bomb during combat operations south-east of Taqaddum, while the other two were ki
Published 13 Jun, 2005 12:00am
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