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Print - 2005-08-10
Cotton spot rate further slashed by Rs 25

Cotton spot rate further slashed by Rs 25

Sliding trend was witnessed on the cotton market on Tuesday as less interest was shown in fresh buying on good production report, dealers said. The Karachi Cotton Association (KCA) official spot rate shed Rs 25 at Rs 2300, without upcountry expenses.
Published 10 Aug, 2005 12:00am
Dyes move both ways

Dyes move both ways

The trading on dyes sector moved both ways here on Tuesday on Jodia Bazar. The following variations were seen in the dyes Naphthols China AS 100 percent down Rs 5 to Rs 125, AS 80 percent up 30 to Rs 125, ASBS 100 percent down Rs 5 to Rs 145, Pakistan dye
Published 10 Aug, 2005 12:00am
Prices stay put on grain market

Prices stay put on grain market

Steadier trend was seen on the grain market on Tuesday as all most all commodities maintained their overnight levels due to comfortable supplies, dealers said. On the seed side, cottonseed oilcake with bag lost Rs 10 to Rs 400 and Rs 415 in the process of
Published 10 Aug, 2005 12:00am
Copper futures down in New York

Copper futures down in New York

New York copper futures finished with small losses on Monday after speculative players sold on the large gain in London copper stocks, traders said.
Published 10 Aug, 2005 12:00am
Tokyo gold retreats on yen bounce

Tokyo gold retreats on yen bounce

Tokyo gold futures slipped back on Tuesday as the yen regained ground against the dollar on strong Japanese economic data, but trade was thin and stuck in a narrow band ahead of a Federal Reserve policy meeting later in the day.
Published 10 Aug, 2005 12:00am
New York gold down on lack of buying despite strike

New York gold down on lack of buying despite strike

US gold futures drifted to a softer close on Monday, hit by speculative liquidation as a strike by gold miners began as expected. Summer volume in the market remained thin before a US Federal Reserve decision on interest rates on Tuesday, dealers said.
Published 10 Aug, 2005 12:00am
Gold drifts in Asia ahead of US rate decision

Gold drifts in Asia ahead of US rate decision

Spot gold drifted in a narrow range in quiet Asian trade on Tuesday ahead of a Federal Reserve policy meeting later in the day that could provide clues to direction in the currency market.
Published 10 Aug, 2005 12:00am
Malaysian tin lower

Malaysian tin lower

Malaysian tin was under pressure for a fourth day running, losing half a percent on Tuesday, as it continued to take its lead from a falling London market.
Published 10 Aug, 2005 12:00am
Oil prices at new high above $64

Oil prices at new high above $64

Oil blipped above $64 a barrel to another record high on Tuesday as traders factored in the potential for Middle East supply disruptions that could add strain to a market already struggling with refinery glitches.
Published 10 Aug, 2005 12:00am
Copper dips a touch in Asia ahead of Fed meeting

Copper dips a touch in Asia ahead of Fed meeting

Copper prices dipped slightly in Asia trade on Tuesday as investors pondered whether rising stocks would trigger a sell off from record highs and ahead of a widely expected US rate hike by the Federal Reserve, traders said.
Published 10 Aug, 2005 12:00am
Thai grain importers buy Brazilian soyameal

Thai grain importers buy Brazilian soyameal

Thai grain importers have bought some cargoes of soyameal from Brazil and could buy more for October shipment, traders said on Tuesday. On Tuesday, Brazilian high-protein soyameal was offered at cost and freight premiums of $35-37 per short ton over the C
Published 10 Aug, 2005 12:00am
New York sugar higher as funds buy

New York sugar higher as funds buy

Raw sugar prices stretched to a higher close on Monday, hoisted by fund buying after last week's strong gains, although producer selling capped the market, dealers said.
Published 10 Aug, 2005 12:00am
Soyabean futures firm, off highs on rain outlook

Soyabean futures firm, off highs on rain outlook

The Chicago Board of Trade soyabean market closed mostly higher on Monday but backed off its highs on updated wetter forecasts for the upper US Midwest crop region later this week, traders said. "Forecasts calling for rains south of Interstate 80 was the
Published 10 Aug, 2005 12:00am
CBOT rice firm by commercial buying

CBOT rice firm by commercial buying

Rough rice futures at the Chicago Board of Trade closed higher on Monday in light trade, supported by commercial buying, traders said. "The only feature was commercial buying by Man (Financial) of September and November, primarily September," one rice tra
Published 10 Aug, 2005 12:00am
Indonesian rubber to stay firm due to low supplies

Indonesian rubber to stay firm due to low supplies

Indonesian rubber prices are expected to remain firm in coming weeks, boosted by low supplies and high oil prices, traders said on Tuesday. A hot, dry spell in Sumatra will put a brake on latex output and help keep raw material prices firm.
Published 10 Aug, 2005 12:00am
Malaysian palm oil ends up ahead of July crop data

Malaysian palm oil ends up ahead of July crop data

Malaysian crude palm oil futures were up on Tuesday as short covering helped reverse losses and snap a three-day losing streak. But volume was just above average as players awaited the release of key supply/demand data for July. The market, down in trade,
Published 10 Aug, 2005 12:00am
Lattice Semi fires chief executive

Lattice Semi fires chief executive

Lattice Semiconductor Corp on Tuesday said it fired Cyrus Tsui, its chairman and chief executive, and Rodney Sloss, its vice president of finance, two months after putting them on paid leave. Lattice appointed Stephen Skaggs as its new chief executive, an
Published 10 Aug, 2005 12:00am
Berlusconi weighs into battle for RCS Media

Berlusconi weighs into battle for RCS Media

Italian Prime Minister and media magnate Silvio Berlusconi weighed into the battle for RCS Mediagroup on Tuesday, denying reports he was behind a raid on the publisher of leading newspaper Corriere della Sera.
Published 10 Aug, 2005 12:00am
Bridgestone first half beats expectations

Bridgestone first half beats expectations

Japan's Bridgestone Corp beat expectations with a rise in first-half operating profit despite higher raw materials prices, and lifted its full-year forecasts citing robust sales of high-end tyre products.
Published 10 Aug, 2005 12:00am
Bridgestone first half beats expectations

Bridgestone first half beats expectations

Japan's Bridgestone Corp beat expectations with a rise in first-half operating profit despite higher raw materials prices, and lifted its full-year forecasts citing robust sales of high-end tyre products.
Published 10 Aug, 2005 12:00am
Curtain set to fall on Unocal's dramatic saga

Curtain set to fall on Unocal's dramatic saga

Unocal Corp is finally expected to end its run as an independent company this week, but it took a bitter trans-oceanic fight and an uproar in the US Congress before the perennial take-over target could be acquired.
Published 10 Aug, 2005 12:00am
Morocco jobless rate flat

Morocco jobless rate flat

Morocco's jobless rate stood at 11.1 percent in the second quarter, unchanged from its level a year ago, as jobs lost to drought in the countryside were largely offset by job creation in the cities, official data showed on Tuesday.
Published 10 Aug, 2005 12:00am
Study raises hope key Elan drug will make comeback

Study raises hope key Elan drug will make comeback

A safety study for Elan Corp's multiple sclerosis drug Tysabri has found no new confirmed cases of the brain disease that prompted the Irish company to pull the drug, it said on Tuesday, boosting its shares as much as 39 percent.
Published 10 Aug, 2005 12:00am
Time Warner unlikely to buy wireless firm

Time Warner unlikely to buy wireless firm

Time Warner Cable, the second-largest US cable television operator, is mulling an entrance into the US wireless market, but is unlikely to do so through an acquisition, according to its chief executive.
Published 10 Aug, 2005 12:00am
Ericsson wins Belgian deal

Ericsson wins Belgian deal

Telecoms equipment giant Ericsson said on Tuesday it had signed an agreement to manage the mobile phone network of KPN's Belgian operator BASE. "Under the terms of the agreement, Ericsson will be responsible for the day-to-day operation and maintenance of
Published 10 Aug, 2005 12:00am
Mauritius economy grows

Mauritius economy grows

Mauritius' economy grew by an estimated 0.7 percent in the first quarter of 2005 helped by an expansion in the services sector, the Central Statistics Office (CSO) said on Tuesday. This is the first time the CSO has published quarterly results and did not
Published 10 Aug, 2005 12:00am
UBS sees solid markets ahead as second quarter net rises

UBS sees solid markets ahead as second quarter net rises

UBS missed market forecasts with a 5 percent increase in second-quarter net profit as weak investment bank results overshadowed strong performance at its private bank, hurting its shares on Tuesday.
Published 10 Aug, 2005 12:00am
UBS sees solid markets ahead as second quarter net rises

UBS sees solid markets ahead as second quarter net rises

UBS missed market forecasts with a 5 percent increase in second-quarter net profit as weak investment bank results overshadowed strong performance at its private bank, hurting its shares on Tuesday.
Published 10 Aug, 2005 12:00am
Toronto stocks push higher on Nortel, oils

Toronto stocks push higher on Nortel, oils

Nortel Networks Corp led Toronto stocks to a higher close on Monday after reporting an unexpected jump in revenue, while oil prices scaled a new peak, lifting energy shares.
Published 10 Aug, 2005 12:00am
MCI returns to profit

MCI returns to profit

MCI Corp on Tuesday said it returned to profitability in the second quarter as cost cuts outweighed a 10 percent reduction in revenue. MCI, which has agreed to be bought by Verizon Communications Inc for $8.6 billion, earned $64 million, or 19 cents per s
Published 10 Aug, 2005 12:00am
MCI returns to profit

MCI returns to profit

MCI Corp on Tuesday said it returned to profitability in the second quarter as cost cuts outweighed a 10 percent reduction in revenue. MCI, which has agreed to be bought by Verizon Communications Inc for $8.6 billion, earned $64 million, or 19 cents per s
Published 10 Aug, 2005 12:00am
Russia hopes to complete WTO talks by year-end

Russia hopes to complete WTO talks by year-end

Russia hopes to complete negotiations on joining the World Trade Organisation by the end of this year, Russia's chief negotiator said on Tuesday, according to local news agencies.
Published 10 Aug, 2005 12:00am
Blockbuster posts quarterly loss

Blockbuster posts quarterly loss

Movie rental chain Blockbuster Inc on Tuesday posted a quarterly loss that was more than double Wall Street's forecast as lackluster new video releases failed to attract consumers.
Published 10 Aug, 2005 12:00am
Blockbuster posts quarterly loss

Blockbuster posts quarterly loss

Movie rental chain Blockbuster Inc on Tuesday posted a quarterly loss that was more than double Wall Street's forecast as lackluster new video releases failed to attract consumers.
Published 10 Aug, 2005 12:00am
TSMC and UMC extend revenue recovery

TSMC and UMC extend revenue recovery

Top contract microchip maker TSMC reported on Tuesday that sales had risen for a fifth month in a row in July, and analysts said momentum would pick up as new 3G phones and video-game consoles hit the market.
Published 10 Aug, 2005 12:00am
Export surge cuts UK trade gap

Export surge cuts UK trade gap

Britain's global goods trade deficit narrowed sharply in June as exports hit a record high, but the Office for National Statistics warned trade data with non-EU countries may have been distorted by tax fraud.
Published 10 Aug, 2005 12:00am
Seoul probing Intel's marketing practices

Seoul probing Intel's marketing practices

South Korean antitrust authorities are investigating the marketing and rebate practices of Intel Corp, the world's top chip maker, in the latest of a series of probes outside the United States into its market influence.
Published 10 Aug, 2005 12:00am
French budget deficit widens

French budget deficit widens

France's budget deficit widened in the first half of 2005, figures showed on Tuesday, dealing a blow to the government's efforts to comply with European Union budget rules. A fall in tax revenues and a rise in spending compared with the first six months o
Published 10 Aug, 2005 12:00am
US productivity growth sluggish in second quarter

US productivity growth sluggish in second quarter

US business productivity growth slowed in the second quarter but an easing in the pace of compensation gains kept labour costs in check, a government report showed on Tuesday.
Published 10 Aug, 2005 12:00am
German June trade surplus lifts second quarter GDP hopes

German June trade surplus lifts second quarter GDP hopes

Germany's trade surplus hit an unexpected record 14.8 billion euros in June as imports fell more sharply than exports, fuelling hope that Europe's largest economy may have grown slightly in the second quarter.
Published 10 Aug, 2005 12:00am
Microsoft settles suit against one-time 'spam king'

Microsoft settles suit against one-time 'spam king'

Microsoft Corp has settled a lawsuit against Scott Richter, whom it identified as a former "spam king," as part of its ongoing efforts to curb the spread of unsolicited e-mail messages, the world's largest software maker said on Tuesday.
Published 10 Aug, 2005 12:00am
Japanese economic outlook brightens

Japanese economic outlook brightens

Optimism about Japan's economy grew on Tuesday as robust machinery orders data suggested sustained growth in capital spending, and both the government and Bank of Japan upgraded their monthly economic assessments.
Published 10 Aug, 2005 12:00am
Suez to buy out Electrabel for $13.9 billion

Suez to buy out Electrabel for $13.9 billion

French utilities group Suez on Tuesday launched a 11.2 billion euro ($13.9 billion) buyout of minority holdings in Belgian subsidiary Electrabel in a long-awaited deal inspired by booming electricity profits at its main foreign cash cow.
Published 10 Aug, 2005 12:00am
India adds 2.49 million mobile users in July

India adds 2.49 million mobile users in July

India's booming wireless sector, the world's fastest growing major mobile market, added 2.49 million new users in July, taking the total number of customers to 60.366 million, industry bodies said on Tuesday.
Published 10 Aug, 2005 12:00am
EU and China to discuss sweater imports

EU and China to discuss sweater imports

The European Union's trade chief wants to hold talks soon with China on soaring clothing imports, including sweater and trouser shipments that hit quota ceilings for 2005 just weeks after being set.
Published 10 Aug, 2005 12:00am
Stalemate persists in South Africa gold strike

Stalemate persists in South Africa gold strike

Unions and producers met on Tuesday to try to end the biggest strike by South African gold miners in 18 years, but no end to the stalemate was in sight, negotiators on both sides said on Tuesday.
Published 10 Aug, 2005 12:00am
Gasquet starts strong in Montreal

Gasquet starts strong in Montreal

Richard Gasquet, the youngest player in ATP history to qualify for a Masters Series tournament, got off to an impressive start at the ATP Montreal Masters Series event on Monday.
Published 10 Aug, 2005 12:00am
Sri Lanka lift tri-series trophy, India swamped by 18 runs

Sri Lanka lift tri-series trophy, India swamped by 18 runs

Sri Lanka clinched a tense 18-run victory against India to win the triangular series final on Tuesday night. The hosts successfully defended their 282-run target despite a whirlwind 22-ball 48 from Virender Sehwag and a fine 69 from 99 balls from Rahul Dr
Published 10 Aug, 2005 12:00am
Gatlin off to slow start in sprint double bid

Gatlin off to slow start in sprint double bid

Newly-crowned world 100 metres champion Justin Gatlin made a less than impressive start to his bid for a World Championships sprint double when he could only finish third in his opening 200 metres heat.
Published 10 Aug, 2005 12:00am
Egypt frees biochemist

Egypt frees biochemist

Egyptian authorities released on Tuesday a biochemist who had been questioned over links to the July 7 bombings on London's transport system which killed more than 50 people, a security source said. "The Interior Ministry released Magdy Elnashar after the
Published 10 Aug, 2005 12:00am
Detainee appeals to US Court over 'war on terror' trials

Detainee appeals to US Court over 'war on terror' trials

Lawyers for a detainee at the Guantanamo 'war on terror' detention camp have appealed to the US Supreme Court to stop military commissions set up to try prisoners there, authorities said Tuesday.
Published 10 Aug, 2005 12:00am
Trawler sinks off UK after collision with tanker

Trawler sinks off UK after collision with tanker

A Greek oil tanker carrying 15,000 tonnes of fuel oil and a Dutch fishing trawler have collided off the eastern British coast sinking the trawler, the UK Maritime & Coastguard Agency (MCA) said on Tuesday.
Published 10 Aug, 2005 12:00am
Cholera outbreak kills 84 in Guinea-Bissau

Cholera outbreak kills 84 in Guinea-Bissau

A cholera outbreak has killed 84 people in Guinea-Bissau since the middle of June and infected more than 5,000 others, the health ministry said. The waterborne disease, which can quickly cause severe dehydration and death, is a recurring problem in West A
Published 10 Aug, 2005 12:00am
I shall return to Britain, Omar Bakri vows

I shall return to Britain, Omar Bakri vows

Radical Muslim cleric Omar Bakri Mohammed, who faces the prospect of treason charges in his adopted home country of Britain, said Tuesday that he nevertheless intends to return to London from a holiday in Lebanon, if the British government lets him.
Published 10 Aug, 2005 12:00am
Russian bird flu epidemic to fade soon: WHO

Russian bird flu epidemic to fade soon: WHO

A bird flu epidemic in Russia is subsiding and should disappear by late August, a World Health Organisation official said on Tuesday. But Russian health officials were less optimistic, suggesting birds migrating from the five Siberian regions where the de
Published 10 Aug, 2005 12:00am
40 executed in Nepal; army accuses rebels

40 executed in Nepal; army accuses rebels

Nepal's army on Tuesday accused Maoist rebels of executing 40 soldiers in the deadliest incident since the king seized power in February, as the US ambassador warned the country risked sliding into chaos.
Published 10 Aug, 2005 12:00am
Taiwan stocks end flat

Taiwan stocks end flat

Taiwan stocks closed virtually unchanged on Tuesday after losses on Wall Street and as investors waited for July sales figures from major Taiwan tech firms to gauge the strength of the sector's recovery. The main TAIEX share index inched down 0.03 points
Published 10 Aug, 2005 12:00am
Chinese shares up

Chinese shares up

China's shares rose 1.2 percent on Tuesday, posting a two-month high for the second straight session, as funds piled into big caps such as top Asian oil refiner Sinopec Corp. The benchmark Shanghai composite index closed at 1,152.534 points, its loftiest
Published 10 Aug, 2005 12:00am
Hong Kong stocks sag

Hong Kong stocks sag

Hong Kong stocks fell 0.4 percent on Tuesday with property shares weighed down by interest rate worries although offshore oil producer CNOOC jumped after a brokerage upgrade. The Hang Seng Properties sub index fell 1.43 percent to 19,036 as investors awai
Published 10 Aug, 2005 12:00am
US stocks fall on record high oil, rate concerns

US stocks fall on record high oil, rate concerns

US stocks slipped on Monday as crude oil climbed to a record $64 a barrel, stoking concerns about the impact of high energy costs on corporate profits and consumer spending, while worries about rising interest rates hurt shares of banks and home builders.
Published 10 Aug, 2005 12:00am
Indian shares slightly down

Indian shares slightly down

Indian share prices closed down marginally on Tuesday as foreign funds took profits for a third day with surging oil prices weighing on sentiment. The Mumbai stock exchange's 30-share benchmark Sensex index closed down 10.6 points or 0.14 percent at 7,595
Published 10 Aug, 2005 12:00am
US Treasury prices extend drop

US Treasury prices extend drop

US Treasury debt prices retreated further on Monday, sending benchmark yields to four-month highs as the breaking of a key technical barrier cleared the way for a more acute selling spell.
Published 10 Aug, 2005 12:00am
US Treasury prices extend drop

US Treasury prices extend drop

US Treasury debt prices retreated further on Monday, sending benchmark yields to four-month highs as the breaking of a key technical barrier cleared the way for a more acute selling spell.
Published 10 Aug, 2005 12:00am
Malaysian shares dip

Malaysian shares dip

Malaysian share prices closed 0.32 percent lower on Tuesday on renewed concerns over oil after the price of crude broke through 64 dollars a barrel, dealers said. Sentiment was also weighed down by lower than expected industrial production data and an ant
Published 10 Aug, 2005 12:00am
Thai shares decline

Thai shares decline

Thai share prices closed 0.70 percent lower on Tuesday on profit-taking after gains in morning trade in choppy trade amid anxiety over the prospect of a US interest rate rise, dealers said. The Stock Exchange of Thailand (SET) composite lost 4.78 points t
Published 10 Aug, 2005 12:00am
Philippines shares soar on bargain hunting

Philippines shares soar on bargain hunting

Philippines share prices closed 0.77 percent higher on Tuesday as bargain-hunting took hold after a three-day downturn, dealers said. However, they said trade was thin as investors exercised caution ahead of the Supreme Court's decision on whether to impl
Published 10 Aug, 2005 12:00am
Nikkei rises, helped by machinery orders

Nikkei rises, helped by machinery orders

Japan's Nikkei share average rose 1.03 percent on Tuesday as investors, shifting their attention to the economy from politics, bought Nikon Corp and other companies with strong earnings results.
Published 10 Aug, 2005 12:00am
Jakarta shares climb

Jakarta shares climb

Indonesian share prices closed 0.36 percent higher on Tuesday on a technical rebound led by market heavyweights Indosat and Bank Mandiri, dealers said. The Jakarta Stock Exchange composite index gained 4.213 points to 1,162.799. Volume was 1.26 billion sh
Published 10 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 Tuesday. 65.05/65.70 (previous 65.0/65.70). Call Money Rates: 5.5-12.0 percent (previous 5.5-12.0 percent).
Published 10 Aug, 2005 12:00am
Indian rupee recovers to end steady

Indian rupee recovers to end steady

The rupee recovered from a two-week low to end steady on Tuesday, on strong foreign fund inflows into local stocks, but sentiment was wary before an expected Federal Reserve interest rate increase later in the day. Dealers said a shortage of cash dollars
Published 10 Aug, 2005 12:00am
Yuan firms to close at 8.1070 per dollar

Yuan firms to close at 8.1070 per dollar

China's yuan closed stronger at 8.1070 per dollar on Tuesday, as dealers said the selling pressure that had pushed the currency to its original revaluation level of 8.11 on Monday had eased. The currency was likely to post small gains this week, dealers s
Published 10 Aug, 2005 12:00am
Dollar slips, market hopes for US rate clues

Dollar slips, market hopes for US rate clues

The dollar slid to a two-month low against the euro on Tuesday as investors looked beyond an expected Federal Reserve interest rate rise for clues about how much more credit tightening the central bank plans.
Published 10 Aug, 2005 12:00am
Dollar flat versus euro as market awaits Fed

Dollar flat versus euro as market awaits Fed

The dollar was flat against the euro on Monday as traders awaited any hint of increased inflation prospects from the Federal Reserve after its widely-expected decision on US interest rates on Tuesday.
Published 10 Aug, 2005 12:00am
Hong Kong dollar little changed

Hong Kong dollar little changed

The Hong Kong dollar held steady against the greenback on Tuesday, and discounts on forward rates were trapped in narrow ranges ahead of the Federal Reserve's rate setting meeting. After shuffling between 7.7721 and 7.7730 per US dollar throughout the day
Published 10 Aug, 2005 12:00am
Asian currencies: rupiah weaker, won rallies

Asian currencies: rupiah weaker, won rallies

The Indonesian rupiah slipped to a one-week low on Tuesday despite an increase in a key central bank interest rate, undermined by record-high oil prices, while dollar sales by exporters in South Korea helped push the won up.
Published 10 Aug, 2005 12:00am
Russian mini-sub accident, criminal enquiry opened

Russian mini-sub accident, criminal enquiry opened

Russian prosecutors Tuesday opened a criminal enquiry over the near-fatal snaring of a mini-submarine with seven crew under the Pacific Ocean. The investigation into the three-day drama of the AS-28 mini-sub "revealed that a series of people involved allo
Published 10 Aug, 2005 12:00am
UN official plays down Palestinian 'return' quest

UN official plays down Palestinian 'return' quest

Few Palestinian refugees want to return to lands lost in the 1948 war of Israel's creation, though they demand the Jewish state accept they have the right to do so, a UN official said in remarks published on Tuesday.
Published 10 Aug, 2005 12:00am
Discovery lands safely

Discovery lands safely

The space shuttle Discovery and its seven astronauts returned to Earth safely on Tuesday, successfully completing NASA's troubled resumption of human space flight 2 1/2 years after the Columbia disaster.
Published 10 Aug, 2005 12:00am
Fatwa issued

Fatwa issued

The top Palestinian Muslim cleric issued a religious edict on Tuesday against any disruption of Israel's planned withdrawal from the occupied Gaza Strip, due to start next week. The Grand Mufti of Jerusalem also said in the fatwa that there should be no l
Published 10 Aug, 2005 12:00am
Abbas urges calm for Gaza pullout

Abbas urges calm for Gaza pullout

Mahmud Abbas called on the Palestinian people Tuesday to show the world they deserved their independence by ensuring that this month's Israeli pullout from the Gaza Strip takes place free of violence.
Published 10 Aug, 2005 12:00am
China protest turns ugly as demonstrations spread

China protest turns ugly as demonstrations spread

Thousands of residents of a central Chinese city ransacked government offices, trashed cars and attacked a police station after police dogs bit petitioners while breaking up a protest, a resident and media said.
Published 10 Aug, 2005 12:00am
US Army dumps general for personal misconduct

US Army dumps general for personal misconduct

The four-star general who headed the US Army's training programme has been fired after an investigation into sexual misconduct, officials said on Tuesday.
Published 10 Aug, 2005 12:00am
Iran has new nuclear proposal as IAEA meets

Iran has new nuclear proposal as IAEA meets

The UN nuclear watchdog held a crisis meeting on Tuesday to try to stop Iran pursuing a nuclear programme after Tehran resumed work at a uranium plant, stoking Western fears it was bent on developing atomic weapons.
Published 10 Aug, 2005 12:00am
Fourth suspect in attempted London bombings grilled

Fourth suspect in attempted London bombings grilled

The fourth key suspect in the attempted July 21 bombings in London underwent questioning in Italy on Tuesday, while a notorious Islamist cleric vowed to return to Britain - if the government lets him - after unexpectedly leaving the country for Lebanon.
Published 10 Aug, 2005 12:00am
Ethiopia's Meles wins second term

Ethiopia's Meles wins second term

Ethiopian Prime Minister Meles Zenawi won a contentious second term, according to results from May's election published on Tuesday, but the opposition again cried foul and promised a legal challenge.
Published 10 Aug, 2005 12:00am
German apartment bloc fire kills 8

German apartment bloc fire kills 8

A fire in a Berlin apartment bloc killed eight people, including five children, and officials said they suspected arson was to blame for one of the deadliest blazes in the German capital in 60 years.
Published 10 Aug, 2005 12:00am
Four Russians killed in new Chechnya clashes

Four Russians killed in new Chechnya clashes

Three local policemen and one Russian soldier were killed in the latest fighting in the rebel republic of Chechnya, an official of the Moscow-backed government there said Tuesday.
Published 10 Aug, 2005 12:00am
Sterling hits five-week peak

Sterling hits five-week peak

Sterling hit a 5-week high against the dollar on Tuesday, tracking a broadly weaker US currency, which fell as investors largely discounted an expected Federal Reserve interest rate rise later in the day.
Published 10 Aug, 2005 12:00am
Dollar falls in London

Dollar falls in London

The dollar hit two-month lows against the euro and Swiss franc on Tuesday as investors viewed an expected Federal Reserve interest rate hike later in the session as unlikely to offer support for the US currency.
Published 10 Aug, 2005 12:00am
Suez bid dominates bond market

Suez bid dominates bond market

French utility Suez's bid to buy out minority shareholders in Belgian subsidiary Electrabel took centre stage in the corporate bond market on Tuesday, with the majority cash-financed offer putting spreads under pressure.
Published 10 Aug, 2005 12:00am
Suez bid dominates bond market

Suez bid dominates bond market

French utility Suez's bid to buy out minority shareholders in Belgian subsidiary Electrabel took centre stage in the corporate bond market on Tuesday, with the majority cash-financed offer putting spreads under pressure.
Published 10 Aug, 2005 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks rose on Tuesday for the first time in three days, as investors bet the Federal Reserve will increase interest rates by an expected quarter percentage point and tech bellwether Cisco Systems Inc would report strong earnings.
Published 10 Aug, 2005 12:00am
Seoul shares gain

Seoul shares gain

South Korean shares rose 1.2 percent on Tuesday, ending higher for the first time in five sessions, as investors snapped up stocks with good second-half earnings potential such as lenders and shipbuilders.
Published 10 Aug, 2005 12:00am
Oils help FTSE close at new 44-month high

Oils help FTSE close at new 44-month high

Britain's FTSE 100 cruised to a fresh 44-month peak on Tuesday as oil stocks led by BG Group were propelled higher by yet another record high for crude prices, while miners added further support following a bullish broker note.
Published 10 Aug, 2005 12:00am
Palm oil to raise global market share

Palm oil to raise global market share

Palm oil is likely to increase its share of the global edible oil market in 2005/06 while the overall market is likely to remain in surplus, Hamburg-based newsletter Oil World forecasts.
Published 10 Aug, 2005 12:00am
Coffee lovers face Jamaican Blue Mountain shortage

Coffee lovers face Jamaican Blue Mountain shortage

Coffee connoisseurs may soon struggle to find the famed Jamaican Blue Mountain, one of the world's most expensive coffees, after hurricanes devastated this year's crop on the Caribbean island.
Published 10 Aug, 2005 12:00am
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