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Print - 2005-08-05
Reduction in gas prices demanded

Reduction in gas prices demanded

The Peoples Labour Bureau has demanded of the government to reduce existing gas prices instead of revising it further upward and causing more miseries for the low-income people of the country. In a statement on Thursday, the PLB Central co-ordinator, Habi
Published 05 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 04, 2005).

Published 05 Aug, 2005 12:00am
FedEx GSP's discount offer for global shippers

FedEx GSP's discount offer for global shippers

To commemorate Pakistan's Independence Day, Gerry's International, FedEx GSP Pakistan has announced an exclusive discount offer for international shippers on all outbound services from August 8 to August 14, 2005 under the name of "Azadi Special".
Published 05 Aug, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 04, 2005).

Published 05 Aug, 2005 12:00am
Practical applications of Islamic finance explained

Practical applications of Islamic finance explained

The two-day comprehensive workshop sponsored by the National Bank of Pakistan on "Practical aspects and application of Islamic banking" ended at a hotel here, on Thursday. It was jointly organised by the College of Management Sciences PAF KIET and Busines
Published 05 Aug, 2005 12:00am
KPC to celebrate Independence Day with zeal

KPC to celebrate Independence Day with zeal

The Karachi Press Club (KPC) will celebrate the Independence Day on August 14 with traditional zeal. The Governing Body of the KPC has prepared a special programme to mark this auspicious occasion. Various competitions would be organised on the occasion f
Published 05 Aug, 2005 12:00am
Indo-Pak Mushaira to be held on August 6

Indo-Pak Mushaira to be held on August 6

An Indo-Pak Mushaira under the auspices of Karachi Bankers Club and SBP Banking Services Corporation will be held at SBP BSC, North Nazimabad Office, on Saturday at 10.00 pm. The Governor State Bank of Pakistan, Dr Ishrat Husain will preside.
Published 05 Aug, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, August 04, 2005.

Published 05 Aug, 2005 12:00am
Japanese Ikebana expert to perform on August 27

Japanese Ikebana expert to perform on August 27

An Ikebana expert from Ikenobo Headquarters, Koyoto, Japan, Professor Nobu Kurashige, will perform in the metropolis on August 27. An announcement here on Thursday said the Ikebana demonstration will be held at the National Museum of Pakistan here. It sai
Published 05 Aug, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, August 04, 2005.

Published 05 Aug, 2005 12:00am
NWFP government satisfied with Ecnec decisions

NWFP government satisfied with Ecnec decisions

The NWFP Senior Minister Siraj-ul-Haq has expressed satisfaction on decisions made in Executive Committee of National Economic Council (Ecnec) meeting that decided approval of certain mega projects for NWFP amounting to about Rs 9 billion.
Published 05 Aug, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, August 04, 2005.

Published 05 Aug, 2005 12:00am
Issue of NFC Award resolved, claims minister

Issue of NFC Award resolved, claims minister

Minister of State for Culture and Youth Muhammad Ali Durrani has said that the issue of the seventh National Finance Commission (NFC) Award has been resolved and President Pervez Musharraf would announce it soon. He stated this, while talking to newsmen a
Published 05 Aug, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (August 04, 2005) and Friday (August 05, 2005).
Published 05 Aug, 2005 12:00am
Model quarry for marble in Fata planned

Model quarry for marble in Fata planned

Government is planning to establish a model quarry for marble in federally administered tribal area (Fata) with the objective to minimise wastage of the valuable resource and impart training to the local for promotion of marble and granite sector, sources
Published 05 Aug, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 04, 2005).

Published 05 Aug, 2005 12:00am
Confiscated liquor data not compiled yet

Confiscated liquor data not compiled yet

The Central Board of Revenue is facing difficulty in compiling data on confiscated liquor, as most of the anti-smuggling agencies have not provided the requisite information to the board. The last date of the liquidation of all the seized/confiscated good
Published 05 Aug, 2005 12:00am
Traders' bank-related issues reviewed

Traders' bank-related issues reviewed

The Local Credit Advisory Committee (LCAC), in its quarterly meeting, reviewed bank-related problems of the business community and certain proposals and recommendations for their resolution. LCAC Chairman, and Peshawar State Bank of Pakistan (SBP) Chief M
Published 05 Aug, 2005 12:00am
Promoting investment

Promoting investment

Talking to a delegation of leading industrialists and businessmen at the Prime Minister's House the other day, Shaukat Aziz offered some sane advice to accelerate the pace of development in the country. The large-scale business needs to embark on corporat
Published 05 Aug, 2005 12:00am
A belated but welcome decision

A belated but welcome decision

The decision of the Economic Co-ordination Committee of the Cabinet to lift a four year old ban on import of sugar from India, overly belated though it may appear to be, will inspire variously intrigued consumers with renewed hope of relief in the near fu
Published 05 Aug, 2005 12:00am
Legal aspects of Modarabas in Pakistan-I

Legal aspects of Modarabas in Pakistan-I

Modaraba is a mode of non-interest financing system based on investment and talent according to which one party participates with skill and the other party participates with finance, the party who participated with skill is called Manager or Aamil while t
Published 05 Aug, 2005 12:00am
Key stock market movements at 1700 GMT on August 04

Key stock market movements at 1700 GMT on August 04

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 05 Aug, 2005 12:00am
A rail project to link Tibet with outside world

A rail project to link Tibet with outside world

Under a blistering Himalayan sun, 500 workers are completing the Lhasa River Bridge, part of a 1,142-kilometer (708-mile) project that will link Tibet by rail to the outside world for the first time. Remarkably for a project that will supposedly bring new
Published 05 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 04, 2005).

Published 05 Aug, 2005 12:00am
Behbood Savings Scheme

Behbood Savings Scheme

So many tanks to Shaukat Aziz, the Prime Minister, who graciously enhanced the rate of profit by 0.96 % effective from 1st July, 2005 on Behbood Savings Certificates under the scheme envisaged for the welfare of families of senior citizens, pensioners and
Published 05 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 04, 2005).

Published 05 Aug, 2005 12:00am
Cold blooded murder

Cold blooded murder

I am totally aghast at the unbelievable conduct of the London Police who executed a young 'suspect' helplessly fallen on the ground in Stockwell Tube carriage, in broad daylight and within the sight of fellow passengers.
Published 05 Aug, 2005 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 05 Aug, 2005 12:00am
Ten years on, war victory still weighs on Croatia

Ten years on, war victory still weighs on Croatia

While the Croats gear up to celebrate the 10th anniversary of victory over a Serb rebellion, Milica Jelinic is quietly struggling to mend her shattered life in the nearby village of Bobodol. The 81-year old Jelinic fled her home together with up to 200,00
Published 05 Aug, 2005 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 05 Aug, 2005 12:00am
People must refrain from taking high cholesterol food: experts

People must refrain from taking high cholesterol food: experts

Health experts have warned the people to abstain from taking high cholesterol food items, as it may develop gallstones, apart from posing other health problems including high blood pressure, heart diseases and stroke.
Published 05 Aug, 2005 12:00am
The Weather

The Weather

The weather report on Thursday (August 04) and the forecast for Friday (August 05, 2005).
Published 05 Aug, 2005 12:00am
Airblue to buy 10 aircraft from Airbus

Airblue to buy 10 aircraft from Airbus

Private airline Airblue on Thursday signed an agreement with Airbus SAS for procurement of 10 aircraft at a cost of around $790 million. A statement from Airblue said, the new fleet would include eight Airbus A320-200s and two Airbus A330-200s. Currently,
Published 05 Aug, 2005 12:00am
'PIA to make internees' programme more conducive'

'PIA to make internees' programme more conducive'

Tariq Kirmani, chairman PIA and CEO, Pakistan International Airlines, addressed a batch of 68 internees at the completion of their seven-week internship-training programme, at PIA Head Office.
Published 05 Aug, 2005 12:00am
Rs 15 million announced for women university in Peshawar

Rs 15 million announced for women university in Peshawar

The NWFP Chief Minister Akram Khan Durrani has announced a grant for Rs 15 millions as concurrent expenditures to the women's university in Peshawar adding the provincial government would give further grant if needed to run the affairs of the university.
Published 05 Aug, 2005 12:00am
New NWFP director information

New NWFP director information

The NWFP establishment & administration department has transferred and posted Syed Mehdi Hussain (BS-19) General Manager (Finance) Sarhad Tourism Corporation NWFP as Director Information NWFP against the vacant post, in the public interest with immediate
Published 05 Aug, 2005 12:00am
New examination, selection criteria for CSS announced

New examination, selection criteria for CSS announced

The Federal Public Service Commission (FPSC) has announced its new examination/selection criteria for the Central Superior Service (CSS) and other competitive examinations. Addressing a press conference here on Thursday, FPSC Chairman Lieutenant General J
Published 05 Aug, 2005 12:00am
MCB Bank arranges Rs 500 million TFC issue for PKIC

MCB Bank arranges Rs 500 million TFC issue for PKIC

Pakistan Kuwait Investment Company (Pvt) Limited (PKIC) has achieved a successful financial close of Rs 500 million loan facility in the form of Privately Placed Term Finance Certificate (PPTFC) Issue. MCB Bank Limited and PKIC senior officials attended a
Published 05 Aug, 2005 12:00am
MCB Bank arranges Rs 500 million TFC issue for PKIC

MCB Bank arranges Rs 500 million TFC issue for PKIC

Pakistan Kuwait Investment Company (Pvt) Limited (PKIC) has achieved a successful financial close of Rs 500 million loan facility in the form of Privately Placed Term Finance Certificate (PPTFC) Issue. MCB Bank Limited and PKIC senior officials attended a
Published 05 Aug, 2005 12:00am
CBR transfers and postings

CBR transfers and postings

The Central Board of Revenue (CBR) has transferred and posted three officials of Grade 19-20 of income tax group and several additional collectors and deputy collectors of customs with immediate effect.
Published 05 Aug, 2005 12:00am
EMR to develop training manual for community members

EMR to develop training manual for community members

The Regional Office of the Eastern Mediterranean Region (EMR) of the World Health Organisation (WHO) is in a process of developing a training manual for community members and technical support teams involved in implementation of Community Based Initiative
Published 05 Aug, 2005 12:00am
RDA presents PC-1 of Marreer chowk flyover to chief minister

RDA presents PC-1 of Marreer chowk flyover to chief minister

Rawalpindi Development Authority (RDA) has presented the PC-1 of the Rs 432 million Marreer Chowk Flyover project to chief minister Punjab for final approval and allocation of funds for completion of the project.
Published 05 Aug, 2005 12:00am
UK extends over $1 million grant for Sacosan

UK extends over $1 million grant for Sacosan

United Kingdom has extended over $1 million grant for Ministry of Environment to spend in organising second South Asian Conference on Sanitation being held in Islamabad in November this year. A cost sharing agreement was signed on Thursday at Ministry of
Published 05 Aug, 2005 12:00am
Government fails to regulate wheat price

Government fails to regulate wheat price

Government has miserably failed to regulate the wheat price maintaining high profile despite harvesting a near bumper crop of the size 21.1 million tons during the cropping season 2004-05.
Published 05 Aug, 2005 12:00am
Rs 15.76 million roads project inaugurated in North Karachi

Rs 15.76 million roads project inaugurated in North Karachi

The development funds of Rs 15 billion were lapsed in last three years of the City District Government Karachi (CDGK) due to inefficiency of the past city administration, Sindh CM's Advisor on Local Government Wasim Akthar lamented here on Thursday.
Published 05 Aug, 2005 12:00am
New income tax return forms available at RCIT offices

New income tax return forms available at RCIT offices

The new income tax return forms for the 2004-05 tax period are available at all offices of Regional Commissioners of Income Tax (RCIT), Southern Region, in Karachi, Hyderabad and Sukkur. The last date for submission of the tax return is September 30.
Published 05 Aug, 2005 12:00am
'Economic partnership treaty with Indonesia in September'

'Economic partnership treaty with Indonesia in September'

Negotiations between Pakistan and Indonesia are underway to sign a treaty for Comprehensive Economic Partnership (CEP) while a Joint Commission meeting will be held in September in Jakarta to further facilitate businessmen, and removing obstacles in free
Published 05 Aug, 2005 12:00am
International trade fair from September 8

International trade fair from September 8

An international trade fair is being held in Izmir (Turkey) from September 8 to 18. The show that is an annual feature attracts thousands of trade visitors each year. The event, which is one of the oldest trade fairs in Europe attracts traders dealing in
Published 05 Aug, 2005 12:00am
Aptma for improvement in infrastructure facilities

Aptma for improvement in infrastructure facilities

All Pakistan Textile Mills Association (Aptma) has stressed the need for improving infrastructure facilities to enable the local textile industry to fulfil orders of foreign buyers, which would bring substantial foreign exchange for the country.
Published 05 Aug, 2005 12:00am
KBP seminar

KBP seminar

Kissan Board Pakistan (KBP) is going to arrange a national cotton seminar in Multan in the last week of current month. A spokesman of KBP said here on Thursday that stakeholders of cotton sector as well as cotton scientists and agriculture experts would a
Published 05 Aug, 2005 12:00am
PML-N opposes sugar import

PML-N opposes sugar import

Pakistan Muslim League (N), while opposing import of sugar in unlimited quantity, has said it would badly hit local sugar industry. PML (N) Punjab General Secretary Zaeem Qadri stated this while addressing a press conference here on Thursday.
Published 05 Aug, 2005 12:00am
Inquiry commission demanded to probe sugar crisis

Inquiry commission demanded to probe sugar crisis

Kissan Board Pakistan (KBP) has demanded of the government to set up high-level inquiry commission to probe into the current sugar crisis and to fix responsibility. Talking to a group of newsmen here on Thursday, KBP Secretary General Ibrahim Mughal alleg
Published 05 Aug, 2005 12:00am
Punjab chief minister urged not to close bus stands

Punjab chief minister urged not to close bus stands

Private transporters and bus stand owners have appealed to the chief minister Punjab, to sympathetically look into the closure of their bus stands situated on Bund Road and allow them to work.
Published 05 Aug, 2005 12:00am
Sania Mirza shocks fourth seed Petrova

Sania Mirza shocks fourth seed Petrova

Indian teenager Sania Mirza shocked Nadia Petrova on Wednesday, handing the fourth-seeded Russian a straight-set defeat in the 1.3 million-dollar WTA Tour tier one tournament here. Mirza defeated Petrova 6-2, 6-1 to reach the third round.
Published 05 Aug, 2005 12:00am
Rusedski and Blake advance while seeds fall

Rusedski and Blake advance while seeds fall

Britain's Greg Rusedski, enjoying his healthiest run since 2002, beat Australian qualifier Nathan Healey 7-6 (7/2), 6-2 here on Wednesday in the second round of the 600,000-dollar ATP Washington Classic.
Published 05 Aug, 2005 12:00am
Hooligans not terrorism the concern at world athletics

Hooligans not terrorism the concern at world athletics

Security in Helsinki is being tightened to never-before seen levels ahead of the world athletics championships starting on Saturday, but police say they are more worried about hooligans and thugs than about terrorism. Athletes from more than 200 countries
Published 05 Aug, 2005 12:00am
Defending champions determined to avenge Olympic defeats

Defending champions determined to avenge Olympic defeats

Revenge is in the air as the world athletics championships approaches with three defending champions desperate to set aside sour memories of last year's Olympics and regain their mantle as best in the world.
Published 05 Aug, 2005 12:00am
England plunder 407 all out at stumps

England plunder 407 all out at stumps

England, after losing the toss, were bowled out for 407 on the first day of the second Test against Australia at Edgbaston here on Thursday. Marcus Trescothick was top scorer with 90 while Kevin Pietersen hit 71 and Andrew Flintoff 68. Play was called off
Published 05 Aug, 2005 12:00am
News report dismissed

News report dismissed

An official spokesman has rejected a news report appearing in a section of the press regarding mercy petition filed by two soldiers sentenced in assassination attempt on President General Pervez Musharraf, said an ISPR's press release here on Thursday. He
Published 05 Aug, 2005 12:00am
Hearing of SNGPL review petition held

Hearing of SNGPL review petition held

The Oil and Gas Regulatory Authority (Ogra) is determined to protect rights of all stakeholders in accordance with the law and in the best public interest, Ogra chairman Munir Ahmad made this observation while hearing a review petition of Sui Northern Gas
Published 05 Aug, 2005 12:00am
US MIDDAY: gold futures rise on institutional buying

US MIDDAY: gold futures rise on institutional buying

US gold futures rose early on Thursday, mainly on continued dollar weakness against the euro and some institutional buying, traders said. Other precious metals lost ground, including platinum, which fell more than 1 percent, wiping out gains from the day
Published 05 Aug, 2005 12:00am
US MIDDAY: soyabeans higher on weather worries

US MIDDAY: soyabeans higher on weather worries

Soyabean futures at the Chicago Board of Trade turned higher early Thursday in a quiet recovery from Wednesday's slide and on weather worries, traders said. At 10:07 am CDT (1507 GMT), CBOT soya was up 1/4 to 3 cents, with new-crop November up 2-1/2 at $6
Published 05 Aug, 2005 12:00am
US MIDDAY: copper down on technical selling

US MIDDAY: copper down on technical selling

New York copper futures declined in early business on Thursday, after a large injection into London Metal Exchange warehouses scared some participants off the record high levels, traders said. "After they put about 3,000 tonnes into the LME warehouses it
Published 05 Aug, 2005 12:00am
US MIDDAY: corn lower on follow-through buying

US MIDDAY: corn lower on follow-through buying

Corn futures at the Chicago Board of Trade were lower early on Thursday in follow-through from the declines of Wednesday and on some outlooks for rain next week in dry areas of the Midwest, traders said. At 10:21 am CDT (1521 GMT), corn was down 1/4 to 2
Published 05 Aug, 2005 12:00am
US MIDDAY: wheat declines on weak export demand

US MIDDAY: wheat declines on weak export demand

Wheat futures on the Chicago Board of Trade were lower at midmorning on Thursday on weak export demand for US soft red winter wheat and on spillover weakness from corn, traders said. Trade was light and at times choppy. "The slow activity is indicative of
Published 05 Aug, 2005 12:00am
US MIDDAY: sugar at fresh peak on profit-taking

US MIDDAY: sugar at fresh peak on profit-taking

Raw sugar prices closed at another 4-1/2 year high Thursday as the sweetener gyrated wildly from an early bout of profit-taking and fund buying that vaulted the market to fresh contract highs, analysts said.
Published 05 Aug, 2005 12:00am
US MIDDAY: cocoa futures fall by speculative selling

US MIDDAY: cocoa futures fall by speculative selling

New York Board of Trade cocoa futures weakened Thursday, depressed again by speculative selling the day after it scaled a new five-week high, market sources said. NYBOT's cocoa contract for September delivery fell $12, or 0.8 percent, to settle at $1,479
Published 05 Aug, 2005 12:00am
US MIDDAY: coffee jumps by strong technical signals

US MIDDAY: coffee jumps by strong technical signals

New York Board of Trade nearby coffee futures ended up 0.5 percent Thursday as market players reined in earlier gains led by strong technical signals, traders said. The NYBOT's front-month September arabica contract rose 0.50 cent to $1.0625 a lb, after t
Published 05 Aug, 2005 12:00am
Gold firms in Europe

Gold firms in Europe

Gold snapped back in Europe on Thursday, gaining just over half a percent, as this week's bout of dollar weakness prompted dealers to cover short positions, traders said. Gold was now taking aim for $440 an ounce and possibly June's peak above $443.
Published 05 Aug, 2005 12:00am
Copper little changed

Copper little changed

London Metal Exchange (LME) copper prices ended little changed in quiet floor trading on Thursday, with tight supply shoring up support but lacking enough interest to challenge $3,600 a tonne, dealers said. Three months copper closed at $3,575, down $11 f
Published 05 Aug, 2005 12:00am
France expecting lower maize crop

France expecting lower maize crop

France's maize crop will be smaller than last year, due to lower area sown and poorer yields, but the situation is less dramatic than in 2003 when the drought had slashed the grains harvest, the farm ministry said on Thursday.
Published 05 Aug, 2005 12:00am
New York cotton marginally higher

New York cotton marginally higher

Cotton futures closed marginally higher Thursday on buying by small speculators as the market drifted in a band amid a dearth of news to give it direction, analysts said. New York Board of Trade December cotton rose 0.08 cent to end at 52.37 cents a lb, d
Published 05 Aug, 2005 12:00am
London cocoa eases

London cocoa eases

Liffe futures eased slightly on Thursday, trailing weaker New York cocoa prices, with thin volume boosted by spread trades, dealers said. The September contract was down six pounds at 870 pounds a tonne at the close, in turnover of 2,967 lots. Total volum
Published 05 Aug, 2005 12:00am
US soya rust threat nearly over

US soya rust threat nearly over

The threat of widespread infestation by the soyabean rust fungus is nearly over for this year's crop, Deputy Agriculture Secretary Chuck Conner said on Thursday.
Published 05 Aug, 2005 12:00am
Oil rises on rash of refinery troubles

Oil rises on rash of refinery troubles

Oil prices rose on Thursday as a spate of refinery problems in the United States rekindled fears that oil and fuel producers will be hard-pressed to keep up with growing demand. US light sweet crude settled up 52 cents to $61.38 a barrel, little more than
Published 05 Aug, 2005 12:00am
South African traders eye sending more maize by sea

South African traders eye sending more maize by sea

Southern African traders may send more maize exports from South Africa by sea to avoid congested road and rail links, shippers say, but high grain prices may deter Asian and Middle East buyers.
Published 05 Aug, 2005 12:00am
Russian government to keep checking grain quality

Russian government to keep checking grain quality

The Russian government will keep issuing grain quality certificates for exported cereals until November 1 this year, the government said on Thursday. A government order published on the official website www.government.ru did not say who will be issuing th
Published 05 Aug, 2005 12:00am
Euro, pound take rate decisions in their stride in London

Euro, pound take rate decisions in their stride in London

The euro and sterling traded slightly softer versus the dollar on Thursday after the European Central Bank held interest rates unchanged while the Bank of England cut borrowing costs for the first time in two years. Both decisions were widely expected and
Published 05 Aug, 2005 12:00am
Sterling off recent peak

Sterling off recent peak

Sterling eased from recent one-month peaks against the dollar on Thursday after a brief flurry higher when the Bank of England cut rates for the first time in two years in line with expectations.
Published 05 Aug, 2005 12:00am
Indian rupee weakens

Indian rupee weakens

The rupee slipped on Thursday as the central bank and a large state-run utility bought dollars, traders said. The Reserve Bank of India (RBI), which stayed away from the currency market between April and June, resumed its rupee-selling intervention last m
Published 05 Aug, 2005 12:00am
Chinese shares slip

Chinese shares slip

China's shares slipped 0.46 percent on Thursday, with large-cap stocks such as China United Telecommunications Corp Ltd leading the decline. The benchmark Shanghai composite index closed at 1,102.589 points. It hit an intraday low of 1,099.134 points, jus
Published 05 Aug, 2005 12:00am
FTSE breaks winning streak as Amvescap, RBS fall

FTSE breaks winning streak as Amvescap, RBS fall

Britain's top share index snapped a six-day winning streak on Thursday, rattled by a steep loss in fund manager Amvescap as hopes of a bid faded and losses in Royal Bank of Scotland as concern over its investment in China persisted, despite the company's
Published 05 Aug, 2005 12:00am
Total scraps Russian bid as second quarter profits leap

Total scraps Russian bid as second quarter profits leap

France's Total SA ditched its offer for a stake in Russian gas firm Novatek on Thursday as it reported a 33-percent rise in second-quarter net profit that met analysts' expectations. The result caps a month of strong quarterly earnings by oil majors ridin
Published 05 Aug, 2005 12:00am
Apple starts iTunes online music service in Japan

Apple starts iTunes online music service in Japan

Apple Computer Inc launched its iTunes online music store in Japan on Thursday, bringing its leading download service to the world's second-largest music market by album sales.
Published 05 Aug, 2005 12:00am
Gaza pullout economic plans on track, says Wolfensohn

Gaza pullout economic plans on track, says Wolfensohn

An international envoy said on Thursday he had made significant progress towards reaching an Israeli-Palestinian deal on key economic aspects of a Gaza pullout Israel plans to begin on August 17. "My timetable is to resolve many of these issues by the end
Published 05 Aug, 2005 12:00am
Malaysian palm oil ends off 5-1/2-month lows

Malaysian palm oil ends off 5-1/2-month lows

Malaysian crude palm oil futures bounced off 5-1/2-month lows but remained weak on Thursday, weighed down by losses in main rival US soyaoil. The benchmark palm oil contract on Bursa Malaysia Derivatives, October, ended down 14 ringgit at 1,352 ringgit ($
Published 05 Aug, 2005 12:00am
Total scraps Russian bid as second quarter profits leap

Total scraps Russian bid as second quarter profits leap

France's Total SA ditched its offer for a stake in Russian gas firm Novatek on Thursday as it reported a 33-percent rise in second-quarter net profit that met analysts' expectations. The result caps a month of strong quarterly earnings by oil majors ridin
Published 05 Aug, 2005 12:00am