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Print - 2005-09-26
SLOF threatens to go on indefinite strike

SLOF threatens to go on indefinite strike

Shahzada Haroon Rashid, President, State Life Officers Federation (SLOF) has demanded immediate ouster of Chairman State Life Insurance Corporation (SLIC) saying that the non-professional attitude of SLIC chief has destroyed the corporation.
Published 26 Sep, 2005 12:00am
Qayyum for seizing fleeting moment to resolve Kashmir issue

Qayyum for seizing fleeting moment to resolve Kashmir issue

Former Azad Jammu & Kashmir Prime Minister Sardar Muhammad Abdul Qayyum Khan on Sunday said that India and Pakistan should seize the fleeting opportunity to resolve the Kashmir dispute setting aside their past bitterness.
Published 26 Sep, 2005 12:00am
Gorakh hill station to be made a tourist point: Arbab

Gorakh hill station to be made a tourist point: Arbab

Sindh Chief Minister Dr Arbab Ghulam Rahim promised to make the Gorakh hill station in Dadu district the most popular hill station in the province and set up summer offices of the Sindh government as well as Dadu district there.
Published 26 Sep, 2005 12:00am
Musharraf lauded for projecting true spirit of Islam

Musharraf lauded for projecting true spirit of Islam

Senator Mohammed Amin Dadabhoy has congratulated President General Pervez Musharraf for his correct projection of Pakistan's stance on Kashmir, terrorism, and other world issues during the UN summit. In a statement on Saturday Dadabhoy appreciated Musharr
Published 26 Sep, 2005 12:00am
KSE trading may remain dull in Ramazan

KSE trading may remain dull in Ramazan

The share market during Ramazan would likely to be dull because of less participation from investors and reduction in daily timing, but any positive development on the privatization or economic front might change the course of the domestic stock market.
Published 26 Sep, 2005 12:00am
Seminar on kidney diseases on October 4

Seminar on kidney diseases on October 4

There are about 1,000,000 people suffering from kidney diseases in Pakistan and every year thousands of them die due to non-availability of proper treatment facilities in government hospitals.
Published 26 Sep, 2005 12:00am
AKU celebrates World Heart Day

AKU celebrates World Heart Day

The Aga Khan University Karachi held a health mela (festival) at its campus to observe World Heart Day on Sunday. The event included free blood pressure, sugar, cholesterol and height and weight check-up, followed by a public awareness seminar.
Published 26 Sep, 2005 12:00am
Mushahid lauds government's five-year achievements

Mushahid lauds government's five-year achievements

Secretary General of the ruling Muslim League and Chairman of the Senate's Foreign Relations Standing Committee Mushahid Hussain has lauded the present government's five year achievements and said it had restored country's financial sovereignty and minimi
Published 26 Sep, 2005 12:00am
AJK Millat Party secretary general joins PPP

AJK Millat Party secretary general joins PPP

A secretary general of Azad Jammu and Kashmir chapter of the Millat Party-former President Farooq Leghari's political outfit that merged with ruling Pakistan Muslim League (PML) last year-joined Pakistan Peoples Party (PPP) here on Sunday.
Published 26 Sep, 2005 12:00am
100 couples wed at mass-marriage ceremony

100 couples wed at mass-marriage ceremony

A total of 88 Muslim and 12 non-Muslim couples were entered into wedlock in a ceremony at Governor House on Sunday. The marriage ceremony of couples of poor strata of society has been arranged with the help of philanthropists. Punjab Governor Lieutenant G
Published 26 Sep, 2005 12:00am
Altaf to address Haq Parast councilors today

Altaf to address Haq Parast councilors today

Muttahida Qaumi Movement (MQM) leader Altaf Hussain will deliver a telephonic address here on Monday to councilors, elected from the Haq Parast Panel in the local bodies elections in Punjab.
Published 26 Sep, 2005 12:00am
Pak-Afghan border safest place for Osama: President

Pak-Afghan border safest place for Osama: President

The 'safest place' for Osama bin Laden to seek sanctuary is the rugged Pakistan-Afghanistan border, President Pervez Musharraf said in an interview with 'Time' magazine released on Sunday. The President said that Pakistan officials a year ago "had
Published 26 Sep, 2005 12:00am
Telecom engineering exhibition

Telecom engineering exhibition

A two-day engineering exhibition entitled Telecom Engineering 2005 will be held tomorrow (Monday) here at a hotel. The exhibition is being organised jointly by Engineering Development Board (EDB) and Pakistan Telecom Manufactures Association (PTMA). Natio
Published 26 Sep, 2005 12:00am
President likely to push ahead curriculum reforms

President likely to push ahead curriculum reforms

President Pervez Musharraf is likely to push ahead the proposed curriculum reforms aimed at bringing what officials say inevitable changes in the syllabi of Islamic Studies and Pakistan Studies.
Published 26 Sep, 2005 12:00am
British MP meets Prime Minister

British MP meets Prime Minister

Prime Minister Shaukat Aziz said on Sunday Pakistan believed in building linkages with other faiths and hoped Muslim Ummah would pursue the goal of interfaith harmony.
Published 26 Sep, 2005 12:00am
'Trade with Kabul up manifold'

'Trade with Kabul up manifold'

Foreign Minister Khurshid Mehmood Kasuri on Sunday said that Pakistan-Afghanistan trade has registered manifold increase during the last couple of years. In an interview with a private TV channel, he said the mutual trade between the two countries was jus
Published 26 Sep, 2005 12:00am
Sugar crisis to continue as production declines

Sugar crisis to continue as production declines

The sugar crisis would continue to haunt consumers next year following the sugarcane production shortfall by around 35 percent in Sindh during the years 2004 and 2005, according to statistics of Sindh Agriculture Department.
Published 26 Sep, 2005 12:00am
Khyber Bank to launch Regular Amdani Scheme

Khyber Bank to launch Regular Amdani Scheme

The Bank of Khyber (BoK) has decided to launch a new profit scheme for its long-term depositors to strengthen private sector deposits and pass on the profit of rising trend to its customers. The scheme called Regular Amdani Scheme (RAS) would be launched
Published 26 Sep, 2005 12:00am
China strengthens cooperation with Pakistan

China strengthens cooperation with Pakistan

China has strengthened its co-operation with Pakistan in the aviation sector, including undertaking joint ventures in aircraft manufacturing. The two sides have maintained close co-operation over the years in order to promote their defence industry.
Published 26 Sep, 2005 12:00am
China strengthens cooperation with Pakistan

China strengthens cooperation with Pakistan

China has strengthened its co-operation with Pakistan in the aviation sector, including undertaking joint ventures in aircraft manufacturing. The two sides have maintained close co-operation over the years in order to promote their defence industry.
Published 26 Sep, 2005 12:00am
China strengthens cooperation with Pakistan

China strengthens cooperation with Pakistan

China has strengthened its co-operation with Pakistan in the aviation sector, including undertaking joint ventures in aircraft manufacturing. The two sides have maintained close co-operation over the years in order to promote their defence industry.
Published 26 Sep, 2005 12:00am
Interrupted phutti arrivals keep cotton prices steady

Interrupted phutti arrivals keep cotton prices steady

Reports of rains in some cotton areas of Sindh and Punjab continued to pour in last week also but the intensity and extensity remained restricted. Met office forecast further rains in Sindh this week. During my last visit to a few cotton districts in Sind
Published 26 Sep, 2005 12:00am
Interrupted phutti arrivals keep cotton prices steady

Interrupted phutti arrivals keep cotton prices steady

Reports of rains in some cotton areas of Sindh and Punjab continued to pour in last week also but the intensity and extensity remained restricted. Met office forecast further rains in Sindh this week. During my last visit to a few cotton districts in Sind
Published 26 Sep, 2005 12:00am
Interrupted phutti arrivals keep cotton prices steady

Interrupted phutti arrivals keep cotton prices steady

Reports of rains in some cotton areas of Sindh and Punjab continued to pour in last week also but the intensity and extensity remained restricted. Met office forecast further rains in Sindh this week. During my last visit to a few cotton districts in Sind
Published 26 Sep, 2005 12:00am
Interrupted phutti arrivals keep cotton prices steady

Interrupted phutti arrivals keep cotton prices steady

Reports of rains in some cotton areas of Sindh and Punjab continued to pour in last week also but the intensity and extensity remained restricted. Met office forecast further rains in Sindh this week. During my last visit to a few cotton districts in Sind
Published 26 Sep, 2005 12:00am
Time to decide who should steer world economy

Time to decide who should steer world economy

Who should run the world? The thorny issue of who or what should steer the $41-trillion global economy - now more integrated and interdependent than ever before - came into focus at weekend meetings of the world's finance chiefs.
Published 26 Sep, 2005 12:00am
Bullish sentiment on LSE

Bullish sentiment on LSE

Getting boost from the fuel and energy sector, banking stocks, and fertilisers, the share market remained in a bullish mood during the past week with the benchmark index ending with a net gain of 3.19 percent, amid almost a steady trade turnover.
Published 26 Sep, 2005 12:00am
Bullish sentiment on LSE

Bullish sentiment on LSE

Getting boost from the fuel and energy sector, banking stocks, and fertilisers, the share market remained in a bullish mood during the past week with the benchmark index ending with a net gain of 3.19 percent, amid almost a steady trade turnover.
Published 26 Sep, 2005 12:00am
Rising energy prices a risk to US economy

Rising energy prices a risk to US economy

High energy prices in the wake of Hurricanes Rita and Katrina pose a risk to US economic growth, but inflation expectations remain well-contained, a top White House economic adviser said on Sunday.
Published 26 Sep, 2005 12:00am
24 killed in Iraq bombings

24 killed in Iraq bombings

At least 24 people were killed in bombings in Iraq on Sunday as US troops clashed with Shia militiamen, rekindling tensions between coalition forces and followers of cleric Moqtada al-Sadr.
Published 26 Sep, 2005 12:00am
24 killed in Iraq bombings

24 killed in Iraq bombings

At least 24 people were killed in bombings in Iraq on Sunday as US troops clashed with Shia militiamen, rekindling tensions between coalition forces and followers of cleric Moqtada al-Sadr.
Published 26 Sep, 2005 12:00am
SBP may set Treasury bills auction target around Rs 65 billion

SBP may set Treasury bills auction target around Rs 65 billion

The State Bank of Pakistan (SBP) is likely to announce a target of Rs 55 to Rs 65 billion for the auction of Treasury bills scheduled for Wednesday, September 28, as the market would witness a maturity of around Rs 70 billion.
Published 26 Sep, 2005 12:00am
SBP may set Treasury bills auction target around Rs 65 billion

SBP may set Treasury bills auction target around Rs 65 billion

The State Bank of Pakistan (SBP) is likely to announce a target of Rs 55 to Rs 65 billion for the auction of Treasury bills scheduled for Wednesday, September 28, as the market would witness a maturity of around Rs 70 billion.
Published 26 Sep, 2005 12:00am
SBP may set Treasury bills auction target around Rs 65 billion

SBP may set Treasury bills auction target around Rs 65 billion

The State Bank of Pakistan (SBP) is likely to announce a target of Rs 55 to Rs 65 billion for the auction of Treasury bills scheduled for Wednesday, September 28, as the market would witness a maturity of around Rs 70 billion.
Published 26 Sep, 2005 12:00am
SBP may set Treasury bills auction target around Rs 65 billion

SBP may set Treasury bills auction target around Rs 65 billion

The State Bank of Pakistan (SBP) is likely to announce a target of Rs 55 to Rs 65 billion for the auction of Treasury bills scheduled for Wednesday, September 28, as the market would witness a maturity of around Rs 70 billion.
Published 26 Sep, 2005 12:00am
CFS rates fall 80 basis points

CFS rates fall 80 basis points

The investment last week under Continuous Funding System (CFS) remained pegged at its ceiling while the rates dipped by 80 basis points. Yet again the level financing through the CFS mechanism on the KSE remained stuck at Rs 25 billion throughout the week
Published 26 Sep, 2005 12:00am
CFS rates fall 80 basis points

CFS rates fall 80 basis points

The investment last week under Continuous Funding System (CFS) remained pegged at its ceiling while the rates dipped by 80 basis points. Yet again the level financing through the CFS mechanism on the KSE remained stuck at Rs 25 billion throughout the week
Published 26 Sep, 2005 12:00am
CFS rates fall 80 basis points

CFS rates fall 80 basis points

The investment last week under Continuous Funding System (CFS) remained pegged at its ceiling while the rates dipped by 80 basis points. Yet again the level financing through the CFS mechanism on the KSE remained stuck at Rs 25 billion throughout the week
Published 26 Sep, 2005 12:00am
CFS rates fall 80 basis points

CFS rates fall 80 basis points

The investment last week under Continuous Funding System (CFS) remained pegged at its ceiling while the rates dipped by 80 basis points. Yet again the level financing through the CFS mechanism on the KSE remained stuck at Rs 25 billion throughout the week
Published 26 Sep, 2005 12:00am
KSE index gains 245 points

KSE index gains 245 points

The share market for the fifth consecutive session last week recorded an increase as buying in banking, energy and some companies of fertiliser and refineries triggered helping the KSE index to sustain above 8100 level.
Published 26 Sep, 2005 12:00am
KSE index gains 245 points

KSE index gains 245 points

The share market for the fifth consecutive session last week recorded an increase as buying in banking, energy and some companies of fertiliser and refineries triggered helping the KSE index to sustain above 8100 level.
Published 26 Sep, 2005 12:00am
KSE index gains 245 points

KSE index gains 245 points

The share market for the fifth consecutive session last week recorded an increase as buying in banking, energy and some companies of fertiliser and refineries triggered helping the KSE index to sustain above 8100 level.
Published 26 Sep, 2005 12:00am
US firm to quit Balloki power project

US firm to quit Balloki power project

Globeleq, a US-based company, has decided to withdraw its interests from the 200 MW Balloki power project due to what the company says adverse effects of Nepra''s decision on power generation tariff, official sources told Business Recorder.
Published 26 Sep, 2005 12:00am
US firm to quit Balloki power project

US firm to quit Balloki power project

Globeleq, a US-based company, has decided to withdraw its interests from the 200 MW Balloki power project due to what the company says adverse effects of Nepra's decision on power generation tariff, official sources told Business Recorder.
Published 26 Sep, 2005 12:00am
US firm to quit Balloki power project

US firm to quit Balloki power project

Globeleq, a US-based company, has decided to withdraw its interests from the 200 MW Balloki power project due to what the company says adverse effects of Nepra's decision on power generation tariff, official sources told Business Recorder.
Published 26 Sep, 2005 12:00am
No trade plan with Israel: Humayun

No trade plan with Israel: Humayun

Federal Commerce Minister Humayun Akhtar said that there was no trade plan with Israel under consideration. Despite two-way link initiated with Israel, no trade would commence with the country, he added.
Published 26 Sep, 2005 12:00am
No trade plan with Israel: Humayun

No trade plan with Israel: Humayun

Federal Commerce Minister Humayun Akhtar said that there was no trade plan with Israel under consideration. Despite two-way link initiated with Israel, no trade would commence with the country, he added.
Published 26 Sep, 2005 12:00am
No trade plan with Israel: Humayun

No trade plan with Israel: Humayun

Federal Commerce Minister Humayun Akhtar said that there was no trade plan with Israel under consideration. Despite two-way link initiated with Israel, no trade would commence with the country, he added.
Published 26 Sep, 2005 12:00am
THE RUPEE: rates move both ways in currency market

THE RUPEE: rates move both ways in currency market

The rupee-dollar parity rates moved both ways in currency market last week amid high demand for the greenback to meet the widening import bills' payments, money experts said.
Published 26 Sep, 2005 12:00am
THE RUPEE: rates move both ways in currency market

THE RUPEE: rates move both ways in currency market

The rupee-dollar parity rates moved both ways in currency market last week amid high demand for the greenback to meet the widening import bills' payments, money experts said.
Published 26 Sep, 2005 12:00am
Kapco and NIB to move index by 5 points

Kapco and NIB to move index by 5 points

The inclusion of Kot Addu Power and NDLC-IFIC would result in nearly five points movement in the Karachi Stock Exchange benchmark 100 index if these scrips should rupee one change in their prices.
Published 26 Sep, 2005 12:00am
Kapco and NIB to move index by 5 points

Kapco and NIB to move index by 5 points

The inclusion of Kot Addu Power and NDLC-IFIC would result in nearly five points movement in the Karachi Stock Exchange benchmark 100 index if these scrips should rupee one change in their prices.
Published 26 Sep, 2005 12:00am
Kapco and NIB to move index by 5 points

Kapco and NIB to move index by 5 points

The inclusion of Kot Addu Power and NDLC-IFIC would result in nearly five points movement in the Karachi Stock Exchange benchmark 100 index if these scrips should rupee one change in their prices.
Published 26 Sep, 2005 12:00am
NBP and MCB lead KSE rally since CFS induction

NBP and MCB lead KSE rally since CFS induction

The introduction of Continuous Funding System (CFS) is the booster for Karachi Stock Exchange, gaining 12 percent on back of healthy gains in National Bank of Pakistan and MCB, unlike OGDC in March where index touched the all-time high level.
Published 26 Sep, 2005 12:00am
NBP and MCB lead KSE rally since CFS induction

NBP and MCB lead KSE rally since CFS induction

The introduction of Continuous Funding System (CFS) is the booster for Karachi Stock Exchange, gaining 12 percent on back of healthy gains in National Bank of Pakistan and MCB, unlike OGDC in March where index touched the all-time high level.
Published 26 Sep, 2005 12:00am
NBP and MCB lead KSE rally since CFS induction

NBP and MCB lead KSE rally since CFS induction

The introduction of Continuous Funding System (CFS) is the booster for Karachi Stock Exchange, gaining 12 percent on back of healthy gains in National Bank of Pakistan and MCB, unlike OGDC in March where index touched the all-time high level.
Published 26 Sep, 2005 12:00am
NBP and MCB lead KSE rally since CFS induction

NBP and MCB lead KSE rally since CFS induction

The introduction of Continuous Funding System (CFS) is the booster for Karachi Stock Exchange, gaining 12 percent on back of healthy gains in National Bank of Pakistan and MCB, unlike OGDC in March where index touched the all-time high level.
Published 26 Sep, 2005 12:00am
24 shops gutted in Karachi

24 shops gutted in Karachi

The fire broke out in a cloth market has been extinguished completely, SHO Liaquatabad police station Najmul Hassan told APP. He said there were no casualties. However, 24 cloth and cosmetics shops and two godowns have been completely burnt while about 8
Published 26 Sep, 2005 12:00am
24 shops gutted in Karachi

24 shops gutted in Karachi

The fire broke out in a cloth market has been extinguished completely, SHO Liaquatabad police station Najmul Hassan told APP. He said there were no casualties. However, 24 cloth and cosmetics shops and two godowns have been completely burnt while about 8
Published 26 Sep, 2005 12:00am
World Bank backs debt cancellation scheme

World Bank backs debt cancellation scheme

The World Bank's policymaking committee on Sunday approved a plan to accord multilateral debt cancellation to some of the world's poorest countries, committee chairman and South African finance minister Trevor Manuel said here.
Published 26 Sep, 2005 12:00am
President and Prime Minister grieved

President and Prime Minister grieved

President Pervez Musharraf on Sunday expressed his heartfelt grief and sorrow over the loss of innocent lives in road accidents in Sindh. In his condolence message, the President prayed that Almighty Allah may rest the departed souls in eternal peace and
Published 26 Sep, 2005 12:00am
Hamas announces halt to rocket attacks on Israel

Hamas announces halt to rocket attacks on Israel

A main Hamas leader, Mahmud Zahar, announced on Sunday a halt to attacks on Israel from the Gaza Strip after two days of their rocket strikes and Israeli air raids.
Published 26 Sep, 2005 12:00am
Wolfowitz praises Pakistan''s efforts to root out corruption

Wolfowitz praises Pakistan''s efforts to root out corruption

World Bank President Paul Wolfowitz on Saturday evening highly commended Pakistan for taking steps to root out corruption from the society, and for launching education programme in Punjab with World Bank''s assistance, which, he said was "very very sound.
Published 26 Sep, 2005 12:00am
Wolfowitz praises Pakistan's efforts to root out corruption

Wolfowitz praises Pakistan's efforts to root out corruption

World Bank President Paul Wolfowitz on Saturday evening highly commended Pakistan for taking steps to root out corruption from the society, and for launching education programme in Punjab with World Bank's assistance, which, he said was "very very sound."
Published 26 Sep, 2005 12:00am
Wolfowitz praises Pakistan's efforts to root out corruption

Wolfowitz praises Pakistan's efforts to root out corruption

World Bank President Paul Wolfowitz on Saturday evening highly commended Pakistan for taking steps to root out corruption from the society, and for launching education programme in Punjab with World Bank's assistance, which, he said was "very very sound."
Published 26 Sep, 2005 12:00am
Oil prices fall $1.28 as Rita spares Houston

Oil prices fall $1.28 as Rita spares Houston

Oil prices fell more than $1 a barrel on Sunday after Houston refineries escaped damage from Hurricane Rita, although plants further east in Port Arthur and Lake Charles were hit harder.
Published 26 Sep, 2005 12:00am
Oil prices fall $1.28 as Rita spares Houston

Oil prices fall $1.28 as Rita spares Houston

Oil prices fell more than $1 a barrel on Sunday after Houston refineries escaped damage from Hurricane Rita, although plants further east in Port Arthur and Lake Charles were hit harder.
Published 26 Sep, 2005 12:00am
Oil prices fall $1.28 as Rita spares Houston

Oil prices fall $1.28 as Rita spares Houston

Oil prices fell more than $1 a barrel on Sunday after Houston refineries escaped damage from Hurricane Rita, although plants further east in Port Arthur and Lake Charles were hit harder.
Published 26 Sep, 2005 12:00am
Nearly 50 killed in road mishaps near Sehwan

Nearly 50 killed in road mishaps near Sehwan

Nearly 50 people, including students of Liaquat Medical University (LMU), were killed and over hundred injured some of them critically in two separate accidents on Indus Highway near Sehwan on Saturday night and early Sunday morning.
Published 26 Sep, 2005 12:00am
Nearly 50 killed in road mishaps near Sehwan

Nearly 50 killed in road mishaps near Sehwan

Nearly 50 people, including students of Liaquat Medical University (LMU), were killed and over hundred injured some of them critically in two separate accidents on Indus Highway near Sehwan on Saturday night and early Sunday morning.
Published 26 Sep, 2005 12:00am
The Weather

The Weather

The weather report on Sunday (September 25, 2005) and the forecast for Monday (September 26).
Published 26 Sep, 2005 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (September 19 to 24, 2005).

Published 26 Sep, 2005 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (September 25, 2005).

Published 26 Sep, 2005 12:00am
Microsoft to double headcount in Indian centres

Microsoft to double headcount in Indian centres

Microsoft Corp plans to double its staff strength at its Indian centres in Hyderabad and Bangalore by March 2006, a top company official said late on Saturday.
Published 26 Sep, 2005 12:00am
Porsche to take 20 percent stake in Volkswagen

Porsche to take 20 percent stake in Volkswagen

German luxury sports car maker Porsche said Sunday it plans to take a stake of about 20 percent in Volkswagen in a move that will help shield Europe's biggest carmaker from a hostile take-over.
Published 26 Sep, 2005 12:00am
Porsche to take 20 percent stake in Volkswagen

Porsche to take 20 percent stake in Volkswagen

German luxury sports car maker Porsche said Sunday it plans to take a stake of about 20 percent in Volkswagen in a move that will help shield Europe's biggest carmaker from a hostile take-over.
Published 26 Sep, 2005 12:00am
Over 2,000 protest planned fuel price rise in Indonesia

Over 2,000 protest planned fuel price rise in Indonesia

More than two thousand people took to the streets of the Indonesian capital Sunday to protest the government's plan to raise fuel prices on October 1 to rein in ballooning oil subsidies.
Published 26 Sep, 2005 12:00am
Dubai aims to be Arabian Hong Kong with new bourse

Dubai aims to be Arabian Hong Kong with new bourse

Dubai will stake its claim to be the Hong Kong of the Arab world on Monday when it launches a new stock exchange promising world-class regulation and products such as futures and options that are unique in the region.
Published 26 Sep, 2005 12:00am
US and China set for new round of textiles battle

US and China set for new round of textiles battle

US and Chinese negotiators are set Monday to hold the latest round of bruising talks on how best to dam a torrential flow of clothes from China that is said to be swamping the US textiles industry.
Published 26 Sep, 2005 12:00am
Textile manufacturers out in force at TexWorld

Textile manufacturers out in force at TexWorld

Asian textile manufacturers were out in force at a trade fair in Paris last week, touting their wares for quality and price against competition from their European counterparts.
Published 26 Sep, 2005 12:00am
IEA on alert for possible further oil release

IEA on alert for possible further oil release

The head of the International Energy Agency (IEA) said on Sunday that the agency remained ready to release additional fuel stocks if required, after Hurricane Rita passed through the US Gulf.
Published 26 Sep, 2005 12:00am
Opec seeks 'fair' oil prices: president

Opec seeks 'fair' oil prices: president

The Organisation of Petroleum Exporting Countries wants "fair" oil prices and will raise its output ceiling whenever it deems this will promote price stability, the cartel's president said in remarks delivered on his behalf Sunday.
Published 26 Sep, 2005 12:00am
Japan heaves sigh of relief as curtain falls on World Expo

Japan heaves sigh of relief as curtain falls on World Expo

After six months of humanoid robots, a frozen mammoth and long queues for some of the 22 million visitors, Japan on Sunday wrapped up a popular and trouble-free World Expo by putting people center-stage.
Published 26 Sep, 2005 12:00am
De Beers-South Africa diamond law may spark smuggling

De Beers-South Africa diamond law may spark smuggling

The world's biggest diamond producer De Beers condemned a proposed law to restructure the South African diamond sector on Tuesday, saying a 15 percent export duty could lead to smuggling and money laundering.
Published 26 Sep, 2005 12:00am
Taiwan regulator proposes banks invest in China

Taiwan regulator proposes banks invest in China

Taiwan's top financial regulator has proposed that Taiwan banks should be allowed to invest in their Chinese counterparts as a way to gain access to a market denied them by political differences, newspapers reported on Sunday.
Published 26 Sep, 2005 12:00am
Bangladesh eyes $1 billion of US knitwear exports

Bangladesh eyes $1 billion of US knitwear exports

Bangladesh's knitwear exports to the United States are expected to total $1.0 billion in 2005-06 (July-June) fiscal year, a top industrialist said on Sunday. "We are enjoying an export boom in the US market in the quota-free era that has opened up a whole
Published 26 Sep, 2005 12:00am
Chappell aghast at leak of e-mail

Chappell aghast at leak of e-mail

India's cricket coach Greg Chappell returned from the Zimbabwe tour on Sunday saying it was unfortunate his differences with captain Sourav Ganguly were made public.
Published 26 Sep, 2005 12:00am
India's cricket chiefs to probe rift

India's cricket chiefs to probe rift

Angry Indian cricket officials will this week investigate the growing rift between coach Greg Chappell and captain Sourav Ganguly that has left the national team in disarray.
Published 26 Sep, 2005 12:00am
Kirilenko wins in Beijing

Kirilenko wins in Beijing

Russian Maria Kirilenko on Sunday won the first Tier II WTA title of her career as she defeated Anna-Lena Groenfeld of Germany 6-3, 6-4 in a low-key finish to the 585,000-dollar China Open.
Published 26 Sep, 2005 12:00am
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