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Print - 2005-09-15
Vietnam rice prices up

Vietnam rice prices up

Low stocks and fresh demand from Indonesia is supporting rice prices in Vietnam, the world's second-largest exporter, traders said on Wednesday. They said stocks had been thinning as exporters rushed to load shipments for the Philippines during the past t
Published 15 Sep, 2005 12:00am
President stresses on ending global poverty

President stresses on ending global poverty

President Pervez Musharraf has stressed on eliminating global poverty, saying that it was possible to generate the political will to do so in our lifetime.
Published 15 Sep, 2005 12:00am
Malaysian palm oil higher

Malaysian palm oil higher

Malaysian crude palm oil futures were mostly higher in late trade on Wednesday aided by short covering on the physical side. Overall volume was moderate; suggesting many players refrained from taking fresh positions ahead of the release of export data on
Published 15 Sep, 2005 12:00am
President stresses on ending global poverty

President stresses on ending global poverty

President Pervez Musharraf has stressed on eliminating global poverty, saying that it was possible to generate the political will to do so in our lifetime.
Published 15 Sep, 2005 12:00am
Oil ups inflation risk, says Trichet

Oil ups inflation risk, says Trichet

The European Central Bank is not preparing markets for tighter monetary policy even though surging oil markets have tilted inflation risks to the upside and require particular vigilance, ECB President Jean-Claude Trichet said on Wednesday.
Published 15 Sep, 2005 12:00am
EoIs invited for Steel Mills sell-off

EoIs invited for Steel Mills sell-off

The Privatisation Commission (PC) has invited qualified strategic investors interested to submit Expressions of Interest (EOI) for acquiring 51-74 percent equity stake in Pakistan Steel Mills Corporation (Pvt) Ltd (PSMC or the ''Company''), together with
Published 15 Sep, 2005 12:00am
Fujitsu-Siemens and Egenera sign computer server deal

Fujitsu-Siemens and Egenera sign computer server deal

Personal-computer maker Fujitsu-Siemens will partner with US utility-computing firm Egenera Inc in a computer-server deal it expects to bring in $300 million in extra sales over the next two-and-a-half years.
Published 15 Sep, 2005 12:00am
EoIs invited for Steel Mills sell-off

EoIs invited for Steel Mills sell-off

The Privatisation Commission (PC) has invited qualified strategic investors interested to submit Expressions of Interest (EOI) for acquiring 51-74 percent equity stake in Pakistan Steel Mills Corporation (Pvt) Ltd (PSMC or the 'Company'), together with ma
Published 15 Sep, 2005 12:00am
UK unemployment up again

UK unemployment up again

British unemployment rose for the seventh month running in August but economists said the increases were getting smaller and suggested the labour market was stabilising, official figures showed on Wednesday.
Published 15 Sep, 2005 12:00am
EoIs invited for Steel Mills sell-off

EoIs invited for Steel Mills sell-off

The Privatisation Commission (PC) has invited qualified strategic investors interested to submit Expressions of Interest (EOI) for acquiring 51-74 percent equity stake in Pakistan Steel Mills Corporation (Pvt) Ltd (PSMC or the 'Company'), together with ma
Published 15 Sep, 2005 12:00am
Opec chief to propose 500,000 barrels per day supply hike

Opec chief to propose 500,000 barrels per day supply hike

Opec President Sheikh Ahmad al-Fahd al-Sabah reiterated on Wednesday that he will propose the cartel raise its output by 500,000 barrels per day when the group meets next week, in an attempt to help cool prices.
Published 15 Sep, 2005 12:00am
Sahi takes oath as acting governor

Sahi takes oath as acting governor

Speaker of Provincial Assembly, Afzal Sahi, on Wednesday took oath as Acting Governor of Punjab in a simple but impressive ceremony held at Governor's House on Wednesday. Chief Justice of Lahore High Court, Justice Ifthikar Hussain Chaudhry administered t
Published 15 Sep, 2005 12:00am
Poor nations need to strengthen accountability: IMF

Poor nations need to strengthen accountability: IMF

Developing countries must strengthen their internal institutions to speed economic growth and cut poverty - something even the poorest nations can achieve, the International Monetary Fund said on Wednesday.
Published 15 Sep, 2005 12:00am
Musharraf for more representative UNSC

Musharraf for more representative UNSC

President Pervez Musharraf has said that the Security Council should become more representative; not only by adding new elite, but by reflecting more fully, the entire spectrum of the UN's membership.
Published 15 Sep, 2005 12:00am
Australia approves full sale of Telstra

Australia approves full sale of Telstra

Australia's parliament on Wednesday narrowly approved the privatisation of telecoms giant Telstra Corp Ltd, allowing the government to offload its A$28 billion ($22 billion) stake in what would be the world's biggest share sale in almost 20 years.
Published 15 Sep, 2005 12:00am
Musharraf for more representative UNSC

Musharraf for more representative UNSC

President Pervez Musharraf has said that the Security Council should become more representative; not only by adding new elite, but by reflecting more fully, the entire spectrum of the UN's membership.
Published 15 Sep, 2005 12:00am
Australia approves full sale of Telstra

Australia approves full sale of Telstra

Australia's parliament on Wednesday narrowly approved the privatisation of telecoms giant Telstra Corp Ltd, allowing the government to offload its A$28 billion ($22 billion) stake in what would be the world's biggest share sale in almost 20 years.
Published 15 Sep, 2005 12:00am
US will drop trade barriers if others do: Bush

US will drop trade barriers if others do: Bush

US President George W. Bush told a UN summit on Wednesday that the United States was prepared to drop all trade tariffs, subsidies and other barriers if other nations did the same.
Published 15 Sep, 2005 12:00am
EU and US must urgently strike farm deal: Lamy

EU and US must urgently strike farm deal: Lamy

Brussels and Washington must urgently strike a deal on farm reform to help unblock global trade talks ahead of an end of year deadline, the head of the World Trade Organisation (WTO) said on Wednesday.
Published 15 Sep, 2005 12:00am
Thousands of Nigerians march against fuel prices

Thousands of Nigerians march against fuel prices

Thousands of Nigerians took to the streets of their economic capital Lagos on Wednesday for a noisy but violence-free protest against rising fuel prices and President Olusegun Obasanjo's policies for economic reform.
Published 15 Sep, 2005 12:00am
Yahoo blends Web e-mail with speed of desktop

Yahoo blends Web e-mail with speed of desktop

Yahoo Inc said it is upgrading Yahoo Mail, the most popular Web e-mail program, to make it run more efficiently than other Web-based systems and nearly as fast as desktop e-mail.
Published 15 Sep, 2005 12:00am
Gulf Arab banks agree currency union terms

Gulf Arab banks agree currency union terms

Central bankers of the oil-rich Gulf Arab region have agreed on terms for a regional currency union that they hope will one day be like the eurozone, Bahrain's central bank governor said on Wednesday.
Published 15 Sep, 2005 12:00am
US retail sales fall, storm cuts industrial growth

US retail sales fall, storm cuts industrial growth

US retail sales suffered an unexpectedly steep decline last month after a record fall in car sales, government data showed on Wednesday, while industrial output growth was held back sharply by Hurricane Katrina.
Published 15 Sep, 2005 12:00am
Temasek fortifies presence in China

Temasek fortifies presence in China

Temasek Holdings, one of the leading global investor groups has announced recently the acquisition of a 10 percent stake in Bank of China (BoC), through it wholly-owned subsidiary Asia Financial Holdings (AFH) says a press release.
Published 15 Sep, 2005 12:00am
Unions and UK government clash over pensions

Unions and UK government clash over pensions

British trade unions and the government clashed on Wednesday as unions threatened millions may strike over pensions and the ruling Labour Party's proposals to raise the retirement age for civil servants.
Published 15 Sep, 2005 12:00am
Booming exports boost China industrial output

Booming exports boost China industrial output

Booming exports helped sustain China's industrial output growth at a high level in August amid signs local manufacturers are trying to use overseas markets to make up for weakening demand at home.
Published 15 Sep, 2005 12:00am
Lehman Brothers profit rises

Lehman Brothers profit rises

Lehman Brothers Holdings on Wednesday said quarterly profit rose a stronger-than-expected 74 percent on the back of robust stock and bond underwriting and a surging mortgage bond business.
Published 15 Sep, 2005 12:00am
Lehman Brothers profit rises

Lehman Brothers profit rises

Lehman Brothers Holdings on Wednesday said quarterly profit rose a stronger-than-expected 74 percent on the back of robust stock and bond underwriting and a surging mortgage bond business.
Published 15 Sep, 2005 12:00am
Lehman Brothers profit rises

Lehman Brothers profit rises

Lehman Brothers Holdings on Wednesday said quarterly profit rose a stronger-than-expected 74 percent on the back of robust stock and bond underwriting and a surging mortgage bond business.
Published 15 Sep, 2005 12:00am
Samsung Electronics eyes mobile phone plant in India

Samsung Electronics eyes mobile phone plant in India

Samsung Electronics Co Ltd said on Wednesday it was considering building a mobile phone plant in India, the world's fastest growing major wireless market. India had 63 million mobile phone users as of August and its rock bottom tariffs are luring about 2.
Published 15 Sep, 2005 12:00am
Hochtief and Changi pull out of Indian airports bids

Hochtief and Changi pull out of Indian airports bids

Two foreign firms have pulled out of bidding for India's biggest airports in Mumbai and New Delhi just before a deadline on Wednesday for submission of proposals to run the airports under the government's privatisation plans.
Published 15 Sep, 2005 12:00am
Malaysia eyes world's first Islamic convertible bond

Malaysia eyes world's first Islamic convertible bond

A Malaysian state investment agency plans to sell this year what could be the world's first convertible Islamic bond, enhancing its bid to become a hub for Islamic finance, sources said on Wednesday.
Published 15 Sep, 2005 12:00am
Malaysia eyes world's first Islamic convertible bond

Malaysia eyes world's first Islamic convertible bond

A Malaysian state investment agency plans to sell this year what could be the world's first convertible Islamic bond, enhancing its bid to become a hub for Islamic finance, sources said on Wednesday.
Published 15 Sep, 2005 12:00am
ABN Amro and EFU sign agreement

ABN Amro and EFU sign agreement

ABN Amro Bank and EFU Life Assurance Ltd signed an agreement to provide life insurance products to ABN Amro customers. The agreement was signed by Salman Sarwar Butt, Country Consumer Head ABN Amro and Taher G. Sachak, CEO, EFU Life.
Published 15 Sep, 2005 12:00am
France to build its first offshore wind farm

France to build its first offshore wind farm

France gave the go-ahead on Wednesday for the building of its first offshore windfarm as part of an effort to diversify national energy sources in the face of high petrol costs.
Published 15 Sep, 2005 12:00am
Resource depletion damages Third World: World Bank

Resource depletion damages Third World: World Bank

Resource depletion and surging population growth are draining the net "savings" of the world's poorest countries and could cripple future generations, according to a new World Bank study.
Published 15 Sep, 2005 12:00am
JGBs fall for 6th session as market eyes BoJ shift

JGBs fall for 6th session as market eyes BoJ shift

Japanese government bond futures dipped for a sixth straight session on Wednesday, erasing early gains after a Bank of Japan Policy Board member said the central bank was "very close" to ending its super-loose monetary policy.
Published 15 Sep, 2005 12:00am
JGBs fall for 6th session as market eyes BoJ shift

JGBs fall for 6th session as market eyes BoJ shift

Japanese government bond futures dipped for a sixth straight session on Wednesday, erasing early gains after a Bank of Japan Policy Board member said the central bank was "very close" to ending its super-loose monetary policy.
Published 15 Sep, 2005 12:00am
Taiwan stocks decline

Taiwan stocks decline

Taiwan stocks fell 0.33 percent on Wednesday as index heavyweights like UMC came under pressure from losses on Wall Street, while investors waited for more signs of recovery in the technology sector.
Published 15 Sep, 2005 12:00am
Seoul shares climb

Seoul shares climb

South Korean shares notched an all-time high on Wednesday, fanned by gains at Samsung Electronics and other chip makers as investors bet earnings in the sector would improve from the third quarter.
Published 15 Sep, 2005 12:00am
Hong Kong stocks edge up

Hong Kong stocks edge up

Hong Kong stocks edged higher on Wednesday with property stocks such as Cheung Kong bouncing back from recent losses on interest rate jitters. Investors also expect a robust annual earnings report from one of the city's largest property developers, Sun Hu
Published 15 Sep, 2005 12:00am
Singapore shares make gains

Singapore shares make gains

Singapore share prices closed 0.13 percent higher on Wednesday on gains in selected blue chips, dealers said. The Straits Times Index (STI) rose 3.0 points to 2,313.25. Volume was one billion shares worth 721 million Singapore dollars (432 million US), up
Published 15 Sep, 2005 12:00am
US Treasuries soar as core inflation holds steady

US Treasuries soar as core inflation holds steady

US Treasury debt prices climbed on Tuesday after data showing large energy price increases during August had yet to filter through to other sectors of the economy.
Published 15 Sep, 2005 12:00am
US Treasuries soar as core inflation holds steady

US Treasuries soar as core inflation holds steady

US Treasury debt prices climbed on Tuesday after data showing large energy price increases during August had yet to filter through to other sectors of the economy.
Published 15 Sep, 2005 12:00am
Chinese shares rise

Chinese shares rise

China's shares jumped to a five-month high on Wednesday as banking counters, including the largest Merchants Bank Co Ltd, rose on data showing stronger-than-expected broad money supply growth in August.
Published 15 Sep, 2005 12:00am
Jakarta shares sag

Jakarta shares sag

Indonesian share prices closed 2.5 percent lower on Wednesday on continued profit-taking amid rising concerns that next month's fuel price hikes could put additional pressure on inflation, dealers said.
Published 15 Sep, 2005 12:00am
Philippines shares surge

Philippines shares surge

Philippines share prices closed 1.06 percent higher on Wednesday, extending gains as investors took advantage of a lull in political tensions to hunt for bargains, dealers said.
Published 15 Sep, 2005 12:00am
Nikkei snaps three-day winning streak

Nikkei snaps three-day winning streak

Japan's Nikkei share average fell 0.52 percent on Wednesday, snapping a three-day winning streak as profit-grabbing hurt recent gainers such as banks and insurers as well as carmakers including Honda Motor Co.
Published 15 Sep, 2005 12:00am
Indian shares flat

Indian shares flat

India's stock market took a breather on Wednesday after a 10-day rally, which saw it scale a new peak earlier. The 30-share BSE index ended down 0.05 percent at 8,189.48 points, having gained more than 24 percent in 2005 on net foreign fund investment of
Published 15 Sep, 2005 12:00am
US stocks finish lower

US stocks finish lower

US stocks fell on Tuesday with the Dow and the S&P 500 index logging their biggest percentage declines in nearly a month amid corporate profit concerns related to the impact of Hurricane Katrina, high oil prices and lackluster consumer spending.
Published 15 Sep, 2005 12:00am
Hong Kong dollar rises to near two-year high

Hong Kong dollar rises to near two-year high

The Hong Kong dollar rose to a near 22-month high against the US dollar on Wednesday afternoon, buoyed by persistent fund flows into the territory. The local currency hit a session high of 7.7593 per US dollar, its highest level since late November 2003,
Published 15 Sep, 2005 12:00am
Yuan closes at post-reval high

Yuan closes at post-reval high

China's yuan closed on Wednesday at its strongest level against the dollar since its landmark July revaluation, after US President George W. Bush urged China to do more in terms of currency reform.
Published 15 Sep, 2005 12:00am
Swiss franc firms as dollar retreats from highs

Swiss franc firms as dollar retreats from highs

The Swiss franc firmed against the dollar in early trading on Wednesday as the greenback gave up some of its gains following Tuesday's smaller-than-expected US trade deficit for July.
Published 15 Sep, 2005 12:00am
Dollar slips but supported on US rate talk

Dollar slips but supported on US rate talk

The dollar slipped on Wednesday from two-week highs against the euro and the yen, but it was propped up as more investors sided with the view that the Federal Reserve would raise interest rates next week.
Published 15 Sep, 2005 12:00am
Dollar ticks up, boosted by July trade data

Dollar ticks up, boosted by July trade data

The dollar edged up on Tuesday, boosted by a smaller-than-expected US trade deficit in July, but investors sought more clarity as to whether the Federal Reserve would continue to raise interest rates.
Published 15 Sep, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 65.50/65.75 (previous 65.50/65.75). Call Money Rates: 5.00-12.00 percent (previous 5.00-12.00 percent).
Published 15 Sep, 2005 12:00am
Asian currencies: rupiah breaks 10,000 mark

Asian currencies: rupiah breaks 10,000 mark

The Indonesian rupiah strengthened past the psychologically important 10,000-per-dollar mark on Wednesday on the back of improving investor confidence after monetary tightening in the past two weeks.
Published 15 Sep, 2005 12:00am
Zimbabwe skittled out

Zimbabwe skittled out

Zimbabwe added only a further 14 runs for their three remaining wickets at the start of the second day of the first Test against India at Queens Sports Club here on Wednesday.
Published 15 Sep, 2005 12:00am
Spineless Bangladesh crash to new low in 1st Test

Spineless Bangladesh crash to new low in 1st Test

Wily spinner Muttiah Muralitharan grabbed six wickets in a sensational spell as Sri Lanka whipped Bangladesh by an innings and 96 runs in the opening Test here on Wednesday.
Published 15 Sep, 2005 12:00am
Stamp honour for cricket heroes

Stamp honour for cricket heroes

After their first class victory over Australia, England's victorious Ashes cricket team are to be honoured with a set of stamps, the Royal Mail said on Wednesday. England triumphed over their oldest foes and the world's best side, winning the five-Test se
Published 15 Sep, 2005 12:00am
Replace Ponting with Warne as Aussie skipper: Lillee

Replace Ponting with Warne as Aussie skipper: Lillee

The inquest into Australia's loss of the Ashes to England is in full swing with fast bowling great Dennis Lillee on Wednesday calling for Shane Warne to replace Ricky Ponting as captain of the Australian cricket team.
Published 15 Sep, 2005 12:00am
Ashes triumph just a start for youthful England

Ashes triumph just a start for youthful England

England's Ashes win over Australia could be the start of a period of prolonged domination of world cricket, according to victorious skipper Michael Vaughan.
Published 15 Sep, 2005 12:00am
Indian troops kill 12 in Assam

Indian troops kill 12 in Assam

A powerful rebel group in India's restive north-eastern state of Assam said on Wednesday that it had lost 12 men killed in a fierce gun battle with government troops.
Published 15 Sep, 2005 12:00am
Serbs reject single Bosnian police force

Serbs reject single Bosnian police force

Bosnian Serbs rejected plans for a single Bosnian police force on Wednesday, underlining ethnic divisions, ignoring Western pressure and eroding hopes for talks this year on closer EU ties.
Published 15 Sep, 2005 12:00am
Russia tycoon's appeal snags on lawyer's health

Russia tycoon's appeal snags on lawyer's health

Jailed Russian tycoon Mikhail Khodorkovsky sparred with the prosecution on Wednesday at the start of his appeal against conviction for fraud, with his lawyers expecting the appeal to be quickly quashed.
Published 15 Sep, 2005 12:00am
Merkel gathers advisors to salvage German election campaign

Merkel gathers advisors to salvage German election campaign

With four days to election day, German opposition leader Angela Merkel struggled Wednesday to snuff out a threat to her authority within her conservative alliance and to get her creaking campaign back on track against a resurgent Gerhard Schroeder.
Published 15 Sep, 2005 12:00am
Nepal detains 200

Nepal detains 200

Pro-democracy activists in Nepal fought pitched battles with police in Kathmandu on Wednesday, battling teargas volleys with bricks, stones and slogans as protests mounted against King Gyanendra.
Published 15 Sep, 2005 12:00am
Second militant gets death for Jakarta embassy blast

Second militant gets death for Jakarta embassy blast

An Indonesian court on Wednesday sentenced a second militant to death for helping plot and carry out last year's suicide car bomb attack outside the Australian embassy in Jakarta.
Published 15 Sep, 2005 12:00am
IAEA fears deep split if Iran case goes to UNSC

IAEA fears deep split if Iran case goes to UNSC

The UN atomic watchdog fears referring Iran to the UN Security Council now for possible sanctions would split its members and would rather set a new deadline for Iran to halt sensitive work, diplomats said.
Published 15 Sep, 2005 12:00am
Hubble spies homeless black hole

Hubble spies homeless black hole

A supermassive black hole appears to be homeless in the cosmos without a galaxy to nestle in, Hubble Space Telescope scientists reported on Wednesday. Most monster black holes lurk at the heart of massive galaxies, slurping up matter from the galactic cen
Published 15 Sep, 2005 12:00am
US dismisses North Korea's demands for nuclear energy

US dismisses North Korea's demands for nuclear energy

The top US delegate at six-party talks aimed at ending North Korea's nuclear ambitions dismissed Pyongyang's demands to be allowed a civilian atomic energy programme on Wednesday, the second day of negotiations.
Published 15 Sep, 2005 12:00am
Hurricane Ophelia pounds North Carolina coast

Hurricane Ophelia pounds North Carolina coast

Hurricane Ophelia's outer squalls pelted the North Carolina coast with heavy rain and gusty wind on Wednesday and forecasters said the storm was moving so slowly its assault could last for two days.
Published 15 Sep, 2005 12:00am
UN members fall short of reform goals: Annan

UN members fall short of reform goals: Annan

UN Secretary-General Kofi Annan told a world summit on Wednesday that United Nations members had failed to achieve the profound reform the global organisation needed on its 60th anniversary.
Published 15 Sep, 2005 12:00am
Taleban kill seven

Taleban kill seven

Taleban militants shot dead seven Afghan civilians after finding a registration document for the weekend's milestone elections in their car, a provincial governor said Wednesday.
Published 15 Sep, 2005 12:00am
Iraqi minister slams US detentions

Iraqi minister slams US detentions

Iraq's justice minister has condemned the US military for detaining thousands of Iraqis for long periods without charge and wants to change a UN resolution that gives foreign troops immunity from Iraqi law.
Published 15 Sep, 2005 12:00am
Nato allies resist US call for tougher Afghan role

Nato allies resist US call for tougher Afghan role

Nato allies France, Germany and Spain rejected a US call on Wednesday for the alliance to help it fight the Taleban-led insurgency in Afghanistan, insisting Nato should stick to peacekeeping tasks there.
Published 15 Sep, 2005 12:00am
Nine die in Iran coalmine blast

Nine die in Iran coalmine blast

Nine coalminers died on Wednesday when a blast ripped through a mine in south-eastern Iran, an official said. Methane gas had built up in the Babnizou mine near the town of Zarand, 720 km (450 miles) south-east of Tehran, and was ignited by a spark off an
Published 15 Sep, 2005 12:00am
Egyptian police arrive to control Gaza border

Egyptian police arrive to control Gaza border

Egyptian police fired warning shots in the air on the Gaza-Egypt border on Wednesday as Palestinians and Egyptians ignored a 6 pm (1500 GMT) deadline for returning to their own side of the border.
Published 15 Sep, 2005 12:00am
Pinochet loses immunity in rights case

Pinochet loses immunity in rights case

Chile's Supreme Court on Wednesday said former dictator Augusto Pinochet can face criminal charges related to the disappearance and murder of at least 15 leftists in a 1975 human rights case known as Operation Colombo.
Published 15 Sep, 2005 12:00am
US military denies Osama ill

US military denies Osama ill

The US military in Afghanistan denied on Wednesday that one of its officers had told reporters Osama bin Laden was seeking medical attention. The London-based Arabic newspaper al-Hayat, citing US Colonel Don McGraw in a briefing with reporters in Kabul, s
Published 15 Sep, 2005 12:00am
UN Council votes to ban incitement to terrorism

UN Council votes to ban incitement to terrorism

Incitement to terrorism is to be banned world-wide under a UN Security Council resolution unanimously adopted on Wednesday and promoted by Britain in the wake of the London bombings.
Published 15 Sep, 2005 12:00am
War alone won't defeat terrorism: Bush

War alone won't defeat terrorism: Bush

US President George W. Bush told the United Nations on Wednesday that war alone will not win the fight against terrorism and world leaders must tackle conditions that lead the oppressed to take up arms. "We must defeat the terrorists on the battlefield an
Published 15 Sep, 2005 12:00am
Ukraine's growth falls to five-year low

Ukraine's growth falls to five-year low

Ukraine's economic growth slumped to 2.8 percent in the first eight months of the year, its lowest pace in the last five years, due to falls in the building and trade sectors, the State Statistics Committee said on Wednesday.
Published 15 Sep, 2005 12:00am
Indian rupee ends steady

Indian rupee ends steady

The rupee ended steady at the previous session's near-two-week low on Wednesday as the dollar fell overseas ahead of a slew of economic data that could give clues on the US interest rate outlook.
Published 15 Sep, 2005 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling rose against a struggling dollar and held steady against the euro on Wednesday, after UK unemployment rose at a slower pace than expected and average earnings picked up.
Published 15 Sep, 2005 12:00am
Dollar weakens broadly in London

Dollar weakens broadly in London

The dollar eased from recent two-week highs against the euro, while also falling sharply versus the yen on Wednesday as investors awaited this week's slew of US economic data for clues on the rate outlook.
Published 15 Sep, 2005 12:00am
Bonds: Vivendi gains on upgrade

Bonds: Vivendi gains on upgrade

A rating agency upgrade buoyed Vivendi Universal's bonds on Wednesday, while impending changes to benchmark credit indexes helped boost Europe's wider corporate bond market.
Published 15 Sep, 2005 12:00am
Bonds: Vivendi gains on upgrade

Bonds: Vivendi gains on upgrade

A rating agency upgrade buoyed Vivendi Universal's bonds on Wednesday, while impending changes to benchmark credit indexes helped boost Europe's wider corporate bond market.
Published 15 Sep, 2005 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US blue chips edged up on Wednesday as the Federal Reserve's meeting on interest rates next week kept investors cautious, but a 20 percent drop in shares of Chinese Web search engine Baidu.com Inc weighed on the Nasdaq Composite index.
Published 15 Sep, 2005 12:00am
Malaysian shares lower

Malaysian shares lower

Malaysian shares price closed 0.11 percent lower Wednesday in the absence of positive leads following losses overnight on Wall Street, dealers said. The Kuala Lumpur Composite Index lost 0.98 points at 914.74. Volume was 458.43 million shares worth 619.36
Published 15 Sep, 2005 12:00am
UK's top share index marginally up; Next, Vodafone rise

UK's top share index marginally up; Next, Vodafone rise

Britain's leading shares rose slightly on Wednesday, helped by clothing retailer Next ahead of its results and upbeat broker comments on mobile phone giant Vodafone. Plumbing and heating supplier Wolseley added 1.1 percent after analysts at Smith Barney s
Published 15 Sep, 2005 12:00am
EU new joiners offered sweeter deal in sugar reform

EU new joiners offered sweeter deal in sugar reform

The European Union's newest countries may receive a sweet deal to overcome their resistance to a radical sugar reform plan, locking in special compensation payments for likely revenue losses, officials said on Wednesday.
Published 15 Sep, 2005 12:00am
Oil up almost $2 as US crude supplies dip

Oil up almost $2 as US crude supplies dip

Oil prices rose almost $2 a barrel on Wednesday after US data showed crude and heating oil stockpiles fell more than expected in the wake of Hurricane Katrina. US light crude settled at $65.09, up $1.98 per barrel. London Brent crude rose $1.76 to $63.37
Published 15 Sep, 2005 12:00am
Oil up almost $2 as US crude supplies dip

Oil up almost $2 as US crude supplies dip

Oil prices rose almost $2 a barrel on Wednesday after US data showed crude and heating oil stockpiles fell more than expected in the wake of Hurricane Katrina. US light crude settled at $65.09, up $1.98 per barrel. London Brent crude rose $1.76 to $63.37
Published 15 Sep, 2005 12:00am
Oil up almost $2 as US crude supplies dip

Oil up almost $2 as US crude supplies dip

Oil prices rose almost $2 a barrel on Wednesday after US data showed crude and heating oil stockpiles fell more than expected in the wake of Hurricane Katrina. US light crude settled at $65.09, up $1.98 per barrel. London Brent crude rose $1.76 to $63.37
Published 15 Sep, 2005 12:00am
Kenya to build new $300 million sugar factory

Kenya to build new $300 million sugar factory

Kenya will open a new sugar factory in 2006 at a cost of $300 million with the backing of a Swiss bank to mill a fast-growing cane variety, investors and officials said on Wednesday.
Published 15 Sep, 2005 12:00am
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