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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-08-09
Nasdaq to pull out of Intermarket system

Nasdaq to pull out of Intermarket system

The Nasdaq Stock Market Inc wants to withdraw from a system that links major US stock markets, the Wall Street Journal reported on Monday. The newspaper said the plan has already been approved by the Nasdaq board. After a formal announcement, it will be s
Published 09 Aug, 2005 12:00am
New York cotton

New York cotton

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

Published 09 Aug, 2005 12:00am
70 elected unopposed in Hyderabad district

70 elected unopposed in Hyderabad district

Assistant Election Commissioner Hyderabad Riaz Umer Memon and the concerned Returning Officers announced the names of candidates who returned unopposed from various union councils of the district.
Published 09 Aug, 2005 12:00am
The Weather

The Weather

The weather report on Monday (August 08) and the forecast for Tuesday (August 09, 2005).
Published 09 Aug, 2005 12:00am
MUFAP's workshop on 'compliance & ethics'

MUFAP's workshop on 'compliance & ethics'

Mutual Funds Association of Pakistan (MUFAP) conducted a workshop on "Compliance & Ethics" on July 30 2005 here, chaired by MUFAP's Chairman, Zaigham Mahmood Rizvi and attended by large number of participants from the mutual fund industry.
Published 09 Aug, 2005 12:00am
MUFAP's workshop on 'compliance & ethics'

MUFAP's workshop on 'compliance & ethics'

Mutual Funds Association of Pakistan (MUFAP) conducted a workshop on "Compliance & Ethics" on July 30 2005 here, chaired by MUFAP's Chairman, Zaigham Mahmood Rizvi and attended by large number of participants from the mutual fund industry.
Published 09 Aug, 2005 12:00am
Presentation given on desalination plant

Presentation given on desalination plant

A presentation regarding proposed 20-million gallons per day (MGD) water desalination plant at Kemari Karachi, was given to a high-level meeting here Monday at the Governor House. The presentation was made by a US Company M/S Provital International Inc fo
Published 09 Aug, 2005 12:00am
Alam named FPCCI body co-chairman

Alam named FPCCI body co-chairman

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President, Chaudhry Muhammad Saeed, has appointed Shaikh Rashid Alam as Co-Chairman of the FPCCI Standing Committee on Seminars and Conventions for the year ending December 31,2005.
Published 09 Aug, 2005 12:00am
Soya rust found in three more Florida counties

Soya rust found in three more Florida counties

The highly contagious soyabean rust disease was found in three more Florida counties, boosting to 12 the total number of counties in the state infected with the fungus, the US Agriculture Department said on Monday.
Published 09 Aug, 2005 12:00am
Oil hits record $64 on Saudi Arabia security threat

Oil hits record $64 on Saudi Arabia security threat

Oil prices hit a record high $64 Monday after warnings of militant attacks in the world's biggest oil exporter Saudi Arabia and on worries about refinery outages in the United States.
Published 09 Aug, 2005 12:00am
Oil hits record $64 on Saudi Arabia security threat

Oil hits record $64 on Saudi Arabia security threat

Oil prices hit a record high $64 Monday after warnings of militant attacks in the world's biggest oil exporter Saudi Arabia and on worries about refinery outages in the United States.
Published 09 Aug, 2005 12:00am
Oil hits record $64 on Saudi Arabia security threat

Oil hits record $64 on Saudi Arabia security threat

Oil prices hit a record high $64 Monday after warnings of militant attacks in the world''s biggest oil exporter Saudi Arabia and on worries about refinery outages in the United States.
Published 09 Aug, 2005 12:00am
Gold prices dip in Europe

Gold prices dip in Europe

Gold prices drifted down in London on Monday, tracking range-bound currency markets, although analysts said funds had scope to buy more. By 1522 GMT spot gold was at $436.00/436.80 an ounce, off from New York's late quote on Friday at $437.60/438.30.
Published 09 Aug, 2005 12:00am
Subdued copper drifts lower

Subdued copper drifts lower

London Metal Exchange (LME) copper closed slightly lower on Monday after paring early losses, and sentiment may turn heavily bearish if stock rises persist, traders said. "We are deep in quiet summer trading patterns and we are drifting lower on a lack of
Published 09 Aug, 2005 12:00am
New York cotton falls on options-related sales

New York cotton falls on options-related sales

US cotton futures ended lower Monday amid some options-related sales while most big operators waited on the sidelines for Friday's USDA monthly supply report which should give an outline for the global cotton market, brokers said.
Published 09 Aug, 2005 12:00am
Yen reverses losses in London

Yen reverses losses in London

The yen recovered from a 3-1/2 month low against the euro and regained ground versus the dollar on Monday as jitters over the impact of a possible snap election in Japan failed to derail the currency. Prime Minister Junichiro Koizumi dissolved parliament'
Published 09 Aug, 2005 12:00am
Sterling jumps against dollar

Sterling jumps against dollar

Sterling jumped more than a cent to its highest level in over a month against the dollar on Monday, rallying on data that showed British raw material costs increased at their fastest annual rate in over 20 years in July. Analysts said the strong inflation
Published 09 Aug, 2005 12:00am
Britain's top share index scales another 44-month peak

Britain's top share index scales another 44-month peak

Britain's leading share index scaled a new 44-month closing peak on Monday, led by Standard Chartered after the Asia-focused bank reported forecast-beating results, while oil firms BP and Shell lent backbone as they tracked another record high for crude p
Published 09 Aug, 2005 12:00am
General Motor bonds slip on Delphi loss

General Motor bonds slip on Delphi loss

Euro-denominated bonds of General Motors Corp fell on Monday as auto parts maker Delphi Corp, spun off from the auto giant in 1999, posted a second quarter loss and said it may have to file for bankruptcy. Bonds of GM, a key customer for Delphi, had alrea
Published 09 Aug, 2005 12:00am
General Motor bonds slip on Delphi loss

General Motor bonds slip on Delphi loss

Euro-denominated bonds of General Motors Corp fell on Monday as auto parts maker Delphi Corp, spun off from the auto giant in 1999, posted a second quarter loss and said it may have to file for bankruptcy. Bonds of GM, a key customer for Delphi, had alrea
Published 09 Aug, 2005 12:00am
Iran resumes atomic work, may face UNSC

Iran resumes atomic work, may face UNSC

Iran resumed work at a uranium conversion plant on Monday, fanning Western fears it may be seeking nuclear weapons and defying EU warnings that it could be referred to the UN Security Council for possible sanctions.
Published 09 Aug, 2005 12:00am
UN confirms Iran restarts activities

UN confirms Iran restarts activities

The UN nuclear watchdog, the International Atomic Energy Agency, confirmed on Monday that Iran has restarted nuclear activities that had been mothballed under a deal with the European Union's three biggest powers.
Published 09 Aug, 2005 12:00am
Philippine Muslims vote

Philippine Muslims vote

Voting was peaceful but turnout low on Monday as an autonomous Muslim region of the southern Philippines picked leaders in elections that risked undermining a peace deal with Islamic rebels.
Published 09 Aug, 2005 12:00am
Sandstorm forces delay in Iraq constitution talks

Sandstorm forces delay in Iraq constitution talks

A sandstorm forced Iraqi leaders on Monday to delay talks aimed at breaking deadlock over drafting the constitution to meet an August 15 deadline for the document they hope will help defuse a raging insurgency. A second day of unrest in the southern Shia
Published 09 Aug, 2005 12:00am
Saudi Arabia attacks in 'final stages' of planning: UK

Saudi Arabia attacks in 'final stages' of planning: UK

Britain warned on Monday that militants were in the final stages of planning attacks in Saudi Arabia as Washington shut its missions there for two days and Australia told its citizens to avoid travel to the kingdom.
Published 09 Aug, 2005 12:00am
Saddam's family sacks foreign defence team

Saddam's family sacks foreign defence team

The family of ousted Iraqi dictator Saddam Hussein said Monday it had sacked all members of his foreign defence team and would deal only with his Iraqi lawyer. "From today, none of the lawyers, except Iraqi lawyer Khalil Dulaimi, will have the right to ac
Published 09 Aug, 2005 12:00am
Maoist rebels kill 159 Nepalese soldiers

Maoist rebels kill 159 Nepalese soldiers

Maoist rebels killed 159 Nepalese soldiers during a battle in the country's north-west, a rebel commander said Monday. "The People's Liberation Army fought for 11 hours since Sunday evening and killed 159 soldiers in Kalikot district" of north-western Nep
Published 09 Aug, 2005 12:00am
Koizumi calls early election after vote defeat

Koizumi calls early election after vote defeat

Japanese Prime Minister Junichiro Koizumi on Monday called early elections after parliament shot down his plan to privatise the post office, the cornerstone of his agenda since taking office four years ago.
Published 09 Aug, 2005 12:00am
Palestinian police free 3 kidnapped UN workers

Palestinian police free 3 kidnapped UN workers

Palestinian gunmen kidnapped two foreign United Nations employees and a Palestinian one in the Gaza Strip on Monday and police freed them minutes later in a raid on the militants' hideout.
Published 09 Aug, 2005 12:00am
Former head of UN food plan accused of kickbacks

Former head of UN food plan accused of kickbacks

The former head of the UN oil-for-food programme, Benon Sevan, was accused on Monday of getting nearly $150,000 in kickbacks funnelled to him by a relative of former UN Secretary-General Boutros Boutros-Ghali.
Published 09 Aug, 2005 12:00am
China suicide bus bombing wounds 31

China suicide bus bombing wounds 31

A 42-year-old farmer with terminal lung cancer set off a home-made bomb aboard a bus in south-eastern China on Monday in a suicide attack that wounded 31, the official Xinhua news agency said.
Published 09 Aug, 2005 12:00am
Saudi Arabia pardons Libyans

Saudi Arabia pardons Libyans

Saudi Arabia's King Abdullah has pardoned several Libyans held over a suspected plot to assassinate him, in a case that has strained ties with Libya, the state news agency SPA said on Monday. "King Abdullah informed the cabinet of his order to pardon the
Published 09 Aug, 2005 12:00am
Qatar sets up human rights government body

Qatar sets up human rights government body

Qatar opened on Monday a state department to deal with human rights complaints in the US-allied Gulf Arab state. "We will follow up on cases reported to us by people who are concerned about human rights' violations," Major Abdullah Saqr al-Muhenidi, direc
Published 09 Aug, 2005 12:00am
ABC News anchorman dies

ABC News anchorman dies

Peter Jennings, prime-time anchorman for ABC News whose career spanned five decades from the Cold War to the war on terrorism, has died of lung cancer, the network said. He was 67.
Published 09 Aug, 2005 12:00am
Indian minister under fire for role in anti-Sikh riots

Indian minister under fire for role in anti-Sikh riots

An Indian minister was officially blamed Monday for helping to fuel the 1984 anti-Sikh riots that followed the assassination of prime minister Indira Gandhi and left more than 2,700 people dead.
Published 09 Aug, 2005 12:00am
Hopes fade for 102 trapped in flooded China mine

Hopes fade for 102 trapped in flooded China mine

Hopes faded on Monday for 102 Chinese workers trapped in a flooded coal mine after water levels inside the pit failed to drop by evening, while an explosion at another mine killed 14 people, state media reported.
Published 09 Aug, 2005 12:00am
Three states ready to take refugees: Kyrgyz official

Three states ready to take refugees: Kyrgyz official

A senior Kyrgyz official said on Monday that Finland, Sweden and the Netherlands had agreed to take 11 of 15 remaining Uzbek refugees in time to avoid sending them back to their authoritarian Central Asian homeland.
Published 09 Aug, 2005 12:00am
Taiwan vice President sees power in new international alliance

Taiwan vice President sees power in new international alliance

Taiwan Vice President Annette Lu, one of the fiercest supporters of Taiwan independence from China, said on Monday she hopes an international democratic alliance that she is forming will help Taipei's bid for recognition.
Published 09 Aug, 2005 12:00am
UN seeks aid for war-ruined Iraq seed sector

UN seeks aid for war-ruined Iraq seed sector

The war in Iraq destroyed the country's seed industry, putting the country's domestic food supply at risk, the United Nations food agency said on Monday as it appealed for aid to rebuild farming. The Food and Agriculture Organisation said it needed $5.4 m
Published 09 Aug, 2005 12:00am
Khodorkovsky has no cash for opposition

Khodorkovsky has no cash for opposition

Jailed Russian oil tycoon Mikhail Khodorkovsky said on Monday he had no money to support political parties opposed to President Vladimir Putin. Khodorkovsky was sentenced in May to nine years in prison for fraud and tax evasion after a trial which some an
Published 09 Aug, 2005 12:00am
Ousted Mauritania president vows to return home

Ousted Mauritania president vows to return home

Mauritania's ousted President Maaouya Ould Sid'Ahmed Taya vowed on Monday to return to his country despite being deposed by a military coup last week. "As president, I order officers and soldiers of the armed forces and security forces to put an end to th
Published 09 Aug, 2005 12:00am
Nigerian bridge collapse kills 12 spectators

Nigerian bridge collapse kills 12 spectators

At least a dozen people who gathered on a bridge to watch an overflowing river in north-eastern Nigeria died when it collapsed, local police said on Monday. Scores of people were on the bridge across the Jalingo river in the remote farming state of Taraba
Published 09 Aug, 2005 12:00am
Rejuvenated Pierce rolls over Sugiyama in final

Rejuvenated Pierce rolls over Sugiyama in final

Roland Garros runner-up Mary Pierce easily beat Japan's Ai Sugiyama 6-0, 6-3 to capture the 1.3 million dollar WTA Acura Classic championship here on Sunday. It was the first US outdoor hardcourt crown and first Tier 1 final in more than five years for 16
Published 09 Aug, 2005 12:00am
Roddick beats Blake for fourth title of year

Roddick beats Blake for fourth title of year

Andy Roddick captured his fourth title of the year Sunday as he fired 18 aces to defeat fellow American James Blake 7-5 6-3 in the final of the $600,000 Washington Classic. Roddick won 10 of 11 service games against Blake - and 63 of 64 this week - to giv
Published 09 Aug, 2005 12:00am
Kiwis demolish Zimbabwe by innings and 249 runs

Kiwis demolish Zimbabwe by innings and 249 runs

Daniel Vettori took his 200th wicket as New Zealand celebrated a record victory over Zimbabwe on the second day of the first test on Monday. Zimbabwe, out for 59 in the first innings, followed on 393 runs behind, and were then dismissed for 99 to hand New
Published 09 Aug, 2005 12:00am
Vaughan tells England to maintain momentum

Vaughan tells England to maintain momentum

England captain Michael Vaughan warned his side to keep their focus after they levelled the Ashes series with a dramatic two-run win over Australia in the second Test at Edgbaston. England's victory, the closest in 308 Tests spanning 128 years between the
Published 09 Aug, 2005 12:00am
Narrowest winning margins in Test history

Narrowest winning margins in Test history

Narrowest winning margins in Test cricket after England's two-run triumph over Australia in the second Test at Edgbaston here on Sunday (margin, teams, venue, year):
Published 09 Aug, 2005 12:00am
Goosen captures The International

Goosen captures The International

South Africa's Retief Goosen scored 32 points to capture his first PGA Tour title this year by winning The International. After rain postponed Thursday's first round, 63 players were to take the course for the final two rounds Sunday.
Published 09 Aug, 2005 12:00am
Chinese yuan ends lower, confidence of rises fades

Chinese yuan ends lower, confidence of rises fades

China's yuan closed weaker at 8.1090 per dollar on Monday after moving all the way back down to its original revaluation level of 8.11, knocking confidence that it was set for steady rises. The central bank may have intervened to push the currency lower,
Published 09 Aug, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 65.0/65.70 (previous 65.0/65.10). Call Money Rates: 5.5-12.0 percent (previous 6.0-12.0 percent).
Published 09 Aug, 2005 12:00am
Asian currencies weak after US jobs report, Koizumi defeat

Asian currencies weak after US jobs report, Koizumi defeat

Asian currencies weakened a tad on Monday after a stronger-than-expected US jobs report for July revived expectations that the Federal Reserve would raise interest rates throughout the year, boosting the dollar.
Published 09 Aug, 2005 12:00am
Hong Kong dollar moves in narrow range

Hong Kong dollar moves in narrow range

The Hong Kong dollar and forward rates moved in a narrow range on Monday, while interbank rates tracked US bond yields higher after a strong US jobs report. The local currency was trading at 7.7727/30 per US dollar, little changed from 7.7723/29 in late A
Published 09 Aug, 2005 12:00am
Yen hurt as likely snap election looms in Japan

Yen hurt as likely snap election looms in Japan

The yen slipped on Monday as Japanese Prime Minister Junichiro Koizumi was set to call a snap election after suffering a major political blow from parliament's rejection of bills to privatise the postal system. Analysts said the political shake up in Japa
Published 09 Aug, 2005 12:00am
Swiss franc bounces versus dollar after US jobs data

Swiss franc bounces versus dollar after US jobs data

The Swiss franc firmed a touch against the dollar on Monday, clawing back some of its losses after stronger-than-expected US jobs data boosted the greenback on Friday. The dollar climbed across the board at the end of last week as official data showed a t
Published 09 Aug, 2005 12:00am
Indian rupee slips on cash dollar shortage

Indian rupee slips on cash dollar shortage

The rupee slid on Monday, dragged down by a cash dollar shortage that traders said had been triggered by the Indian central bank's sustained mop-up of the US currency in recent sessions.
Published 09 Aug, 2005 12:00am
Nikkei ends firmer after postal bill rejected

Nikkei ends firmer after postal bill rejected

Tokyo's Nikkei share average reversed losses to end higher on Monday as the market took in stride the defeat of a key government bill to privatise the giant postal system, and likely general election. Toyota Motor Corp, the most active issue by value, and
Published 09 Aug, 2005 12:00am
Chinese shares hit two-month high

Chinese shares hit two-month high

China's shares rose nearly 1 percent on Monday to their highest levels in more than two months as investors, hoping for a market turnaround, built positions in blue chips such as Sinopec Corp. The benchmark Shanghai composite index closed at 1,138.882 poi
Published 09 Aug, 2005 12:00am
Indian shares slump 1.91 percent

Indian shares slump 1.91 percent

Indian share prices fell sharply on Monday as overseas funds and retail investors booked profits in Sensex heavyweights but domestic funds bought selectively into mid-sized companies, dealers said. They said the fall was the sharpest for the Sensex since
Published 09 Aug, 2005 12:00am
Seoul shares slip on high oil, US rate worries

Seoul shares slip on high oil, US rate worries

Seoul shares ended lower on Monday, marking a fourth consecutive session of losses, hit by high oil prices and as exporters such as LG.Philips LCD fell after strong US jobs data raised concerns about higher US interest rates. But Hyundai Motor Co gained 3
Published 09 Aug, 2005 12:00am
Jakarta shares decline

Jakarta shares decline

Indonesian share prices closed 1.32 percent lower on Monday led by Astra International as investors sold it off on concerns its second half profitability would be hit by rising energy costs, dealers said. They said the continued rise in world oil prices a
Published 09 Aug, 2005 12:00am
Singapore shares jump

Singapore shares jump

Singapore share prices closed 0.4 percent up on Monday lifted by gains in oil-related stocks after Nymex crude futures touched new highs, dealers said. The Singapore Straits Times index rose 9.34 points to 2,348.21.
Published 09 Aug, 2005 12:00am
FTSE eyes South Korean, Taiwan market status

FTSE eyes South Korean, Taiwan market status

South Korea and Taiwan will be assessed for possible promotion to developed market status next month, but any change is unlikely to be implemented for at least 12 months, an official at index compiler FTSE said on Monday.
Published 09 Aug, 2005 12:00am
Thai share prices rise

Thai share prices rise

Thai share prices closed 0.05 percent higher on Monday in sluggish trade amid an absence of fresh leads, dealers said. The Stock Exchange of Thailand (SET) composite index rose 0.31 points to 686.32 and the blue chip SET 50 index was up 0.12 points at 485
Published 09 Aug, 2005 12:00am
Hong Kong stocks plunge, BoCom shines

Hong Kong stocks plunge, BoCom shines

Hong Kong stocks snapped a 3-day losing streak to rise 0.4 percent on Monday, buoyed by strong banking stocks on rate hike expectations and on a bullish outlook for upcoming earnings reports.
Published 09 Aug, 2005 12:00am
Taiwan stocks fall after Wall Street drop

Taiwan stocks fall after Wall Street drop

Taiwan stocks fell 1.02 percent on Monday as Wall Street losses triggered broad selling, with tech heavyweights like Taiwan Semiconductor Manufacturing Co (TSMC) bearing the brunt of losses.
Published 09 Aug, 2005 12:00am
Philippines shares close flat

Philippines shares close flat

Philippines share prices closed flat on Monday as the market continued to consolidate amid a lack of fresh leads, dealers said. Profit-taking in companies that have released their first-half results offset gains in banking stocks and in counters that have
Published 09 Aug, 2005 12:00am
Japanese government bond yields hit four-month highs

Japanese government bond yields hit four-month highs

Japanese government bond yields hit four-month highs on Monday as stocks rose and investors judged that the defeat of key reform bills and the calling of a snap election were not enough to outweigh optimism on Japan's economy. JGBs initially rallied on Mo
Published 09 Aug, 2005 12:00am
Japanese government bond yields hit four-month highs

Japanese government bond yields hit four-month highs

Japanese government bond yields hit four-month highs on Monday as stocks rose and investors judged that the defeat of key reform bills and the calling of a snap election were not enough to outweigh optimism on Japan's economy. JGBs initially rallied on Mo
Published 09 Aug, 2005 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed 0.49 percent higher on Monday due to foreign interest in selected blue chips such as Telekom Malaysia, dealers said. But dealers said investors turned cautious in late trading after news that the June industrial production in
Published 09 Aug, 2005 12:00am
Chinese airlines sign contracts with Boeing

Chinese airlines sign contracts with Boeing

Four Chinese airlines signed contracts with Boeing Co on Monday to buy 42 Boeing 787 aircraft, with a catalogue price of around $5 billion. Air China Ltd and China Eastern Airlines Corp Ltd will buy 15 aircraft each, while Shanghai Airlines Co Ltd and Xia
Published 09 Aug, 2005 12:00am
Search concepts, not keywords, IBM tells business

Search concepts, not keywords, IBM tells business

IBM plans to give away key search technologies for corporate data retrieval that use concepts and facts instead of simpler "keyword" searches relied upon by consumer Web companies such as Google Inc, the world's largest computer company said on Monday.
Published 09 Aug, 2005 12:00am
Britain's output prices steeper in July

Britain's output prices steeper in July

British factory gate inflation picked up faster than expected in July as manufacturers began passing on a surge in raw materials prices, which rose at their fastest rate in almost 20 years, official data showed on Monday.
Published 09 Aug, 2005 12:00am
McDonald's same-store sales top forecasts

McDonald's same-store sales top forecasts

Fast-food chain McDonald's Corp on Monday posted stronger-than-expected July sales thanks to solid demand in France and Germany, sending its stock up 3 percent. Wall Street analysts had expected an increase ranging from 2 percent to 3 percent, according t
Published 09 Aug, 2005 12:00am
McDonald's same-store sales top forecasts

McDonald's same-store sales top forecasts

Fast-food chain McDonald's Corp on Monday posted stronger-than-expected July sales thanks to solid demand in France and Germany, sending its stock up 3 percent. Wall Street analysts had expected an increase ranging from 2 percent to 3 percent, according t
Published 09 Aug, 2005 12:00am
StanChart's first half profit rises

StanChart's first half profit rises

Asia-focused bank Standard Chartered beat expectations with a 20 percent rise in half-year profit and said it was well-placed for continued strong revenue growth, propelling its shares to a record high.
Published 09 Aug, 2005 12:00am
StanChart's first half profit rises

StanChart's first half profit rises

Asia-focused bank Standard Chartered beat expectations with a 20 percent rise in half-year profit and said it was well-placed for continued strong revenue growth, propelling its shares to a record high.
Published 09 Aug, 2005 12:00am
Russian bird flu may be spreading

Russian bird flu may be spreading

A bird flu outbreak in Russia's Siberian regions may be spreading, but no humans have been infected so far, officials and Russian media said on Monday. The highly potent H5N1 strain, confirmed in the Siberian region of Novosibirsk, has swept parts of Asia
Published 09 Aug, 2005 12:00am
Gazprom moves into LNG with swap deal

Gazprom moves into LNG with swap deal

Russian gas monopoly Gazprom moved a step closer on Monday to the booming liquefied natural gas business by clinching its first LNG swap deal and naming nine possible partners for a giant field.
Published 09 Aug, 2005 12:00am
EU probes: compact dics imports from China and Malaysia

EU probes: compact dics imports from China and Malaysia

The European Commission has begun investigating whether recordable compact dics (CDs) are being dumped on the European market by producers in China, including Hong Kong, and also Malaysia.
Published 09 Aug, 2005 12:00am
Strike paralyses South African gold mines

Strike paralyses South African gold mines

About 100,000 South African gold miners, demanding higher wages, stayed off work on Monday in the country's first industry-wide strike in 18 years, bringing mines in the world's biggest bullion producer to a standstill.
Published 09 Aug, 2005 12:00am
Hackers race to expose Cisco Internet flaw

Hackers race to expose Cisco Internet flaw

Computer hackers worked through the weekend to expose a flaw that could allow an attacker to take control of the Cisco Systems Inc routers that direct traffic across much of the Internet.
Published 09 Aug, 2005 12:00am
Egypt inks five energy concession deals

Egypt inks five energy concession deals

Egyptian Oil Minister Sameh Fahmy signed five oil and gas deals or concession amendments with companies from the United States, Australia, Japan, Britain and India, the Oil Ministry said in a statement on Monday.
Published 09 Aug, 2005 12:00am
Web search ads to top banners by 2010

Web search ads to top banners by 2010

Internet search advertising is set to overtake more commonplace online banner advertising by 2010, as online sales double to $18.9 billion, up from $9.3 billion at the end of 2004, JupiterResearch said on Monday.
Published 09 Aug, 2005 12:00am
Nokia shares gain on report of Cisco interest

Nokia shares gain on report of Cisco interest

Nokia shares rose over 3 percent on Monday after a newspaper report that Cisco Systems Inc is mulling a bid for the top mobile phone maker to get hold of its wireless infrastructure technology. At 1022 GMT, Nokia's shares were up 2 percent at 13.19 euros,
Published 09 Aug, 2005 12:00am
Nokia shares gain on report of Cisco interest

Nokia shares gain on report of Cisco interest

Nokia shares rose over 3 percent on Monday after a newspaper report that Cisco Systems Inc is mulling a bid for the top mobile phone maker to get hold of its wireless infrastructure technology. At 1022 GMT, Nokia's shares were up 2 percent at 13.19 euros,
Published 09 Aug, 2005 12:00am
Delphi posts second quarter loss

Delphi posts second quarter loss

Delphi Corp on Monday posted a second-quarter loss on production cuts by major customer General Motors Corp and said it may have to file for bankruptcy if it cannot reduce high wage and benefit costs. The largest US auto parts supplier, whose shares fell
Published 09 Aug, 2005 12:00am
Delphi posts second quarter loss

Delphi posts second quarter loss

Delphi Corp on Monday posted a second-quarter loss on production cuts by major customer General Motors Corp and said it may have to file for bankruptcy if it cannot reduce high wage and benefit costs. The largest US auto parts supplier, whose shares fell
Published 09 Aug, 2005 12:00am
S&P, output data serve Italy economy a double blow

S&P, output data serve Italy economy a double blow

Silvio Berlusconi's hope of improving Italy's economic standing before next year's election was dealt a double blow on Monday when data revealed a worse than feared manufacturing slump and ratings agency S&P cut Italy's outlook.
Published 09 Aug, 2005 12:00am
New Zealand shares drop on profit-taking

New Zealand shares drop on profit-taking

New Zealand share prices fell slightly on Monday following profit-taking, dealers said. The benchmark NZSX-50 gross index closed down 5.27 points, or 0.16 percent, at 3,343.40 on turnover of 27.6 million shares worth 97.8 million dollars (67.39 million US
Published 09 Aug, 2005 12:00am
Shaukat arrives in Japan

Shaukat arrives in Japan

Prime Minister Shaukat Aziz arrived here on Monday for talks with Japanese business and political leaders expected to focus on economic co-operation. The Prime Minister timed his visit to attend the World Exposition, a six-month showcase of technology and
Published 09 Aug, 2005 12:00am
Shaukat arrives in Japan

Shaukat arrives in Japan

Prime Minister Shaukat Aziz arrived here on Monday for talks with Japanese business and political leaders expected to focus on economic co-operation. The Prime Minister timed his visit to attend the World Exposition, a six-month showcase of technology and
Published 09 Aug, 2005 12:00am
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