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Sep 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-10-17
Foreign buyers bring buzz to Singapore property market

Foreign buyers bring buzz to Singapore property market

Singapore's tallest condominium project will only be ready in 2009 at the earliest but that has not stopped Asian buyers from joining the rush for one of the most prestigious addresses in town.
Published 17 Oct, 2005 12:00am
Patent quirk fuels Bangladesh drug firm's ambition

Patent quirk fuels Bangladesh drug firm's ambition

Bangladesh's Beximco Pharmaceuticals Ltd, which is listing in London, plans to exploit a quirk in international patent law to secure a head start in the cut-throat generic drugs business.
Published 17 Oct, 2005 12:00am
Nadal the top seed at Madrid

Nadal the top seed at Madrid

Rafael Nadal will hope to begin correcting a modest 1-2 career record at the 2.1-million-euro Madrid Masters when he plays for the first time as top seed at the event starting on Monday.
Published 17 Oct, 2005 12:00am
Money feud forces Italian League to split

Money feud forces Italian League to split

A long-running dispute over money has ended with the Italian Football League splitting by mutual consent, allowing Serie A and Serie B to pursue their own financial interests.
Published 17 Oct, 2005 12:00am
Nicol ends world champ Lincou hopes

Nicol ends world champ Lincou hopes

England's Peter Nicol will meet Australian Anthony Ricketts in Sunday's semi-finals of the British Open after toppling top seed and world champion Thierry Lincou of France 11-6, 8-11, 11-7, 11-7 in a 74-minute quarter-final.
Published 17 Oct, 2005 12:00am
Vaidisova wins Thai Open

Vaidisova wins Thai Open

The Czech republic's Nicole Vaidisova clinched her third consecutive title in three weeks, beating top seed Nadia Petrova 6-1, 6-7 (7/5), 7-5 in the PTT Thailand Open final here on Sunday. The 200,000-dollar tournament was Vaidisova's fifth singles title
Published 17 Oct, 2005 12:00am
Pierce on top in Moscow

Pierce on top in Moscow

Third seed Mary Pierce of France won the 2.3-million dollar Kremlin Cup for the second time on Sunday with a comprehensive 6-4, 6-3 win over Italy's Francesca Schiavone. In so doing, Pierce, winner here in 1998, clinched the 18th title of her career and s
Published 17 Oct, 2005 12:00am
Blake cruises past Rochus

Blake cruises past Rochus

James Blake scored a convincing 6-4, 6-3 win over Belgian Olivier Rochus at the Stockholm Open on Saturday to reach his first ATP final outside the United States.
Published 17 Oct, 2005 12:00am
No rest for hard-pressed WTA stars

No rest for hard-pressed WTA stars

The arduous globetrotting nature of the professional tennis circuit will rarely be more in evidence than next week at the WTA Zurich Open. Top seed Lindsay Davenport, having won her most recent career title in Germany a week ago, flew back home to Califor
Published 17 Oct, 2005 12:00am
Precedents offer little comfort to George Weah

Precedents offer little comfort to George Weah

Precedents offer little comfort to former international footballer of the year George Weah in his bid to become president of Liberia. Weah, 39, a millionaire after plying his trade in France, Italy and England, is a front-runner in the race to rule his tr
Published 17 Oct, 2005 12:00am
Alonso seals constructors' title

Alonso seals constructors' title

Spaniard Fernando Alonso won a chaotic Chinese Grand Prix on Sunday to hand Renault the Formula One constructor's title on top of the driver's crown he took last month.
Published 17 Oct, 2005 12:00am
Indian cricket looks to 'The Wall' to scale new heights

Indian cricket looks to 'The Wall' to scale new heights

New captain Rahul Dravid will need all his batting consistency and cool ability to keep controversy at bay if he is to lead India out of the doldrums and back to the top of world cricket.
Published 17 Oct, 2005 12:00am
Purdy seizes lead as Baird skids

Purdy seizes lead as Baird skids

Ted Purdy charged into the lead at the Michelin Championship Saturday as overnight leader Briny Baird's dream tournament became a nightmare. Baird started the third round with a two-shot lead, but finished tied for 43rd. Purdy, meanwhile, seized the lead
Published 17 Oct, 2005 12:00am
Aussies close in on Super Test

Aussies close in on Super Test

The World XI face the twin leg-spin menace of Shane Warne and Stuart MacGill to somehow conjure a come-from-behind victory against Australia in the Super Test at the Sydney Cricket Ground here on Sunday.
Published 17 Oct, 2005 12:00am
Measures for earthquake risk reduction

Measures for earthquake risk reduction

The devastating earthquake measuring 7.6 on the Richter scale which struck on the morning of October 8, killed nearly 40,000 people and injured thousands, is said to be the biggest tragedy in the history of Pakistan.
Published 17 Oct, 2005 12:00am
Call for 'administrative agency' to cope with natural disasters

Call for 'administrative agency' to cope with natural disasters

Experts at a seminar on "Need for Disaster Management" on October 13 called for establishment of an independent Disaster Control Ministry, capable of running command and control operations in wake of any mass-scale calamity.
Published 17 Oct, 2005 12:00am
Kidney diseases rising in the country

Kidney diseases rising in the country

The incidence of kidney disease and renal failure in both adults and children is on the rise all over Pakistan. This often makes the patient bed-ridden and to dialysis and even causes death. However, with proper public and physician education, this grim s
Published 17 Oct, 2005 12:00am
Cases of viral hemorrhagic fever, cholera on the rise

Cases of viral hemorrhagic fever, cholera on the rise

Several patients suffering from viral hemorrhagic fevers, including three suspected patients suffering from Congo-Crimean hemorrhagic fever virus, were brought to Aga Khan University Hospital (AKUH) Karachi during last two weeks, of which some were even d
Published 17 Oct, 2005 12:00am
Experts weigh psychological aspects of media coverage

Experts weigh psychological aspects of media coverage

Horrible and heartfelt scenes of quake-hit areas and victims are creating stress and psychiatric problems in people. Electronic and print media should avoid to publish sensational reports or telecast such touchy scenes.
Published 17 Oct, 2005 12:00am
HEALTH UPDATE: exercise can trim deep abdominal fat

HEALTH UPDATE: exercise can trim deep abdominal fat

Couch potatoes may quickly accumulate a type of deep abdominal fat that contributes to diabetes and other metabolic problems - but regular exercise can prevent or even reverse the process, according to researchers.
Published 17 Oct, 2005 12:00am
HEALTH UPDATE: fish really is brain food

HEALTH UPDATE: fish really is brain food

Fish really is brain food and eating enough of it can make you years younger, researchers said in a study released on October 10.
Published 17 Oct, 2005 12:00am
Marconi says talk of Ericsson bid just a 'rumour'

Marconi says talk of Ericsson bid just a 'rumour'

Telecom equipment maker Marconi refused to confirm whether it was in talks to be acquired by Ericsson, as bid speculation naming the larger Swedish rival sent the UK firm's shares to a five-month high on Monday.
Published 17 Oct, 2005 12:00am
AT&T on track

AT&T on track

AT&T, the telecoms giant being bought by SBC Communications for $16 billion, said on Thursday its China revenue is set to grow about 20 percent this year as it and its peers struggle to gain a foothold in the tightly controlled market.
Published 17 Oct, 2005 12:00am
AT&T on track

AT&T on track

AT&T, the telecoms giant being bought by SBC Communications for $16 billion, said on Thursday its China revenue is set to grow about 20 percent this year as it and its peers struggle to gain a foothold in the tightly controlled market.
Published 17 Oct, 2005 12:00am
Huawei agrees to PCCW's Sunday privatisation plan

Huawei agrees to PCCW's Sunday privatisation plan

PCCW, Hong Kong's dominant fixed-line phone company, said on Friday that its plan to privatise mobile carrier Sunday Communications had received support from Huawei Technologies, a major Sunday shareholder.
Published 17 Oct, 2005 12:00am
Telenet sets IPO price at bottom of range

Telenet sets IPO price at bottom of range

Belgian cable operator Telenet said on October 10 it had set the price for its initial public offering of shares at 21 euros, at the bottom of the indicative range, giving it a 2.1 billion-euro ($2.6 billion) market value.
Published 17 Oct, 2005 12:00am
Telenet sets IPO price at bottom of range

Telenet sets IPO price at bottom of range

Belgian cable operator Telenet said on October 10 it had set the price for its initial public offering of shares at 21 euros, at the bottom of the indicative range, giving it a 2.1 billion-euro ($2.6 billion) market value.
Published 17 Oct, 2005 12:00am
Nokia's Ollila sees strong mobile demand in 2006

Nokia's Ollila sees strong mobile demand in 2006

Strong demand for mobile phones will continue into next year, defying forecasts of a slowdown, Nokia's Chief Executive Jorma Ollila said in an interview published on Monday.
Published 17 Oct, 2005 12:00am
Nokia's Ollila sees strong mobile demand in 2006

Nokia's Ollila sees strong mobile demand in 2006

Strong demand for mobile phones will continue into next year, defying forecasts of a slowdown, Nokia's Chief Executive Jorma Ollila said in an interview published on Monday.
Published 17 Oct, 2005 12:00am
Looking for a personal weblog?

Looking for a personal weblog?

Yahoo is planning to include blogs or weblogs on all its news searches providing the bloggers a wider opportunity to reach people. Weblogs are free and simple tools to help people to publish their ideas, articles, poems, comments etc on Internet. These ch
Published 17 Oct, 2005 12:00am
Bakrie Telecom eyes strong growth

Bakrie Telecom eyes strong growth

A new entrant to the Indonesian mobile telecommunications sector, PT Bakrie Telecom, aims to have as many as 408,000 users by the end of 2005 and to hit one million next year, its president director said on October 11.
Published 17 Oct, 2005 12:00am
Cellstar reports third-quarter loss

Cellstar reports third-quarter loss

CellStar Corp on October 11 reported a consolidated net loss of $7.6 million, or 37 cents per share, in the third quarter, compared with a loss of $14.2 million, or 69 cents per share, during the same period in 2004.
Published 17 Oct, 2005 12:00am
Cellstar reports third-quarter loss

Cellstar reports third-quarter loss

CellStar Corp on October 11 reported a consolidated net loss of $7.6 million, or 37 cents per share, in the third quarter, compared with a loss of $14.2 million, or 69 cents per share, during the same period in 2004.
Published 17 Oct, 2005 12:00am
Chunghwa Telecom net profit down

Chunghwa Telecom net profit down

Taiwan's largest telecommunications firm, Chunghwa Telecom Co Ltd, said on October 11 that it earned a net profit of T$38.3 billion for the first nine months of the year, off 2.5 percent from a year ago.
Published 17 Oct, 2005 12:00am
Chunghwa Telecom net profit down

Chunghwa Telecom net profit down

Taiwan's largest telecommunications firm, Chunghwa Telecom Co Ltd, said on October 11 that it earned a net profit of T$38.3 billion for the first nine months of the year, off 2.5 percent from a year ago.
Published 17 Oct, 2005 12:00am
Cisco's Linksys plans Skype Internet phone

Cisco's Linksys plans Skype Internet phone

Cisco Systems Inc.'s Linksys, its consumer wireless-network-gear unit, plans to market a cordless telephone with Internet phone service provider Skype Technologies S.A., the companies said on October 11.
Published 17 Oct, 2005 12:00am
Japan August mobile phone shipments

Japan August mobile phone shipments

Mobile phone shipments in Japan fell 2.3 percent from a year earlier in August as growth in high-speed third-generation (3G) handsets failed to offset a slowdown in sales of 2G models, an industry group said on October 12.
Published 17 Oct, 2005 12:00am
Tokyo bourse may delay IPO on regulatory hurdle

Tokyo bourse may delay IPO on regulatory hurdle

The Tokyo Stock Exchange, Asia's biggest, may postpone its public offering planned for this fiscal year due to a spat with Japan's financial watchdog over the TSE's regulatory functions, the bourse's president said on October 13.
Published 17 Oct, 2005 12:00am
Britons spend double their estimate on credit cards

Britons spend double their estimate on credit cards

Britons spend nearly twice as much on credit cards each month than they think they do, according to figures published recently, and this financial apathy could make life easy for fraudsters.
Published 17 Oct, 2005 12:00am
Barclays Capital expands in Russia

Barclays Capital expands in Russia

Barclays Capital is expanding in Russia as state companies raise multi-billion-dollar loans to finance acquisitions and pipelines, Chairman Hans-Joerg Rudloff told Reuters. Rudloff, chairman of the investment-banking arm of Barclays Plc, said major deals
Published 17 Oct, 2005 12:00am
Barclays Capital expands in Russia

Barclays Capital expands in Russia

Barclays Capital is expanding in Russia as state companies raise multi-billion-dollar loans to finance acquisitions and pipelines, Chairman Hans-Joerg Rudloff told Reuters. Rudloff, chairman of the investment-banking arm of Barclays Plc, said major deals
Published 17 Oct, 2005 12:00am
Apple drops joint investment plan in Samsung

Apple drops joint investment plan in Samsung

Apple Computers Inc, the maker of iPod digital music players, has dropped a joint $3.8 billion investment plan in flash chip production of Samsung Electronics Co Ltd, a South Korean newspaper said on October 15.
Published 17 Oct, 2005 12:00am
Apple drops joint investment plan in Samsung

Apple drops joint investment plan in Samsung

Apple Computers Inc, the maker of iPod digital music players, has dropped a joint $3.8 billion investment plan in flash chip production of Samsung Electronics Co Ltd, a South Korean newspaper said on October 15.
Published 17 Oct, 2005 12:00am
China banks agree interest rate swaps, await rules

China banks agree interest rate swaps, await rules

Two Chinese banks have signed an agreement to swap yuan interest rates, grabbing the limelight ahead of expected government approval for launching such derivatives, bank officials said on October 12.
Published 17 Oct, 2005 12:00am
Rising costs squeeze US corporate profits: study

Rising costs squeeze US corporate profits: study

Rising pension, healthcare and energy costs are pinching US manufacturing profits and holding back vital hiring and investment, according to an industry study released on October 11.
Published 17 Oct, 2005 12:00am
Rising costs squeeze US corporate profits: study

Rising costs squeeze US corporate profits: study

Rising pension, healthcare and energy costs are pinching US manufacturing profits and holding back vital hiring and investment, according to an industry study released on October 11.
Published 17 Oct, 2005 12:00am
Eight Arab airlines to launch alliance

Eight Arab airlines to launch alliance

Eight Arab carriers will launch the region's first airline alliance in December to improve services and raise profits in an increasingly competitive industry, the Arab Air Carriers Organisation said on October 12.
Published 17 Oct, 2005 12:00am
JP Morgan eyes major stake in Chinese brokerage

JP Morgan eyes major stake in Chinese brokerage

JP Morgan, seeking a foothold in China's potentially lucrative financial services sector, is in talks to buy a major slice of domestic brokerage Liaoning Securities, three sources familiar with the matter said October 13.
Published 17 Oct, 2005 12:00am
JP Morgan eyes major stake in Chinese brokerage

JP Morgan eyes major stake in Chinese brokerage

JP Morgan, seeking a foothold in China's potentially lucrative financial services sector, is in talks to buy a major slice of domestic brokerage Liaoning Securities, three sources familiar with the matter said October 13.
Published 17 Oct, 2005 12:00am
Taiwan shares to continue consolidating

Taiwan shares to continue consolidating

Taiwan share prices are expected to continue consolidating on cautious sentiment this week after the index fell below the 6,000 point psychological level this week, analysts said.
Published 17 Oct, 2005 12:00am
Singapore export numbers seen nudging share prices higher

Singapore export numbers seen nudging share prices higher

Singapore share prices are expected to move higher this week, nudged by anticipated steady export numbers for September, dealers said. The trade ministry will release non-oil domestic exports figures on Monday, with analysts anticipating year-on-year grow
Published 17 Oct, 2005 12:00am
GIH says Kuwaiti share index to hit 13,000 level

GIH says Kuwaiti share index to hit 13,000 level

Kuwait's Global Investment House forecast on Sunday that Kuwait's soaring benchmark stock index will rise to 13,000 points in the medium term as the profits of listed firms grow.
Published 17 Oct, 2005 12:00am
Tokyo stocks seen in 'pause mode'

Tokyo stocks seen in 'pause mode'

Japanese share prices could tread water this week as jitters over US earnings reports and economic data dampen an otherwise upbeat mood, analysts said.
Published 17 Oct, 2005 12:00am
Asian currencies fall against dollar

Asian currencies fall against dollar

Asian currencies ended the week lower against the dollar on expectations of further US rate rises with the latest inflation data seen as indicating the Federal Reserve would continue with its tightening stance.
Published 17 Oct, 2005 12:00am
Bangladesh interbank forex and interest rates

Bangladesh interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday: 65.70/65.75 (previous 65.70/65.75). Call Money Rates: 5.50-12.00 percent (previous 5.00-12.00 percent).
Published 17 Oct, 2005 12:00am
Thai shares expected to rise on strong banking results

Thai shares expected to rise on strong banking results

Thai share prices are likely to rise next week as investors expect the country's major banks to post strong quartterly earnings, analysts said "Investors are focusing on the banks' earning reports. They expect the banks to post strong quarterly profits an
Published 17 Oct, 2005 12:00am
Hong Kong shares set for rebound after sharp losses

Hong Kong shares set for rebound after sharp losses

Hong Kong shares are set for a rebound next week following recent sharp losses induced by continuing worries over further interest rate hikes in the United States, dealers said.
Published 17 Oct, 2005 12:00am
US stocks brace for corporate earnings, data

US stocks brace for corporate earnings, data

Investors will face a barrage of US corporate earnings this week, including reports from heavyweights 3M Co and Intel Corp, both among companies expected to provide clues about the health of the US economy.
Published 17 Oct, 2005 12:00am
Cairo's Hermes index slips back from all-time high

Cairo's Hermes index slips back from all-time high

The benchmark index for Egyptian stocks slipped on Sunday as investors booked profits after the index surged to an all-time high above the 50,000-point mark the previous session, traders said.
Published 17 Oct, 2005 12:00am
Indian stocks may slide as overseas funds sell

Indian stocks may slide as overseas funds sell

Indian stocks could decline from current levels this week as overseas sentiment for emerging markets seems to have dipped, dealers said. India's Mumbai stock exchange fell 3.4 percent in the past week, the sharpest decline in the past six months.
Published 17 Oct, 2005 12:00am
Australian stocks correction likely to continue

Australian stocks correction likely to continue

Australian share prices are expected to continue under pressure this week in a continued correction as investors review their position in the light of expected further US interest rate hikes, dealers said.
Published 17 Oct, 2005 12:00am
Egypt interbank rate falls

Egypt interbank rate falls

The median overnight interbank rate on the Egyptian pound was almost unchanged at 9.25 percent on Sunday compared to Thursday's 9.286 percent amid slow trading conditions, traders said.
Published 17 Oct, 2005 12:00am
Malaysian shares to remain in rangebound trading

Malaysian shares to remain in rangebound trading

Malaysian share prices are expected to remain in rangebound trading in the week ahead in the absence of fresh leads, dealers said. "The stale conditions will keep most investors on the sideline longer and with limit participation, there is little room for
Published 17 Oct, 2005 12:00am
UK stock market looks to Wall Street, economic data

UK stock market looks to Wall Street, economic data

London investors, hoping for a stock market rebound after a fortnight of sharp falls, will next week take their lead from British economic data and US earnings, analysts said.
Published 17 Oct, 2005 12:00am
Argentina jail revolt kills 17

Argentina jail revolt kills 17

An Argentine prison uprising over Mother's Day visiting hours killed at least 17 people before being brought under control on Sunday, according to officials and media reports.
Published 17 Oct, 2005 12:00am
New account suggests dissident faction inside CIA

New account suggests dissident faction inside CIA

A new account of the CIA leak scandal rocking the White House suggests top presidential aides were seriously concerned about what could be seen as a dissident faction inside the US spy agency that appeared to work even behind the back of the CIA director
Published 17 Oct, 2005 12:00am
Three Israelis, Palestinian shot dead in West Bank

Three Israelis, Palestinian shot dead in West Bank

Palestinian gunmen killed three Israelis in a drive-by shooting and Israeli troops shot dead a Palestinian in an eruption of violence in the occupied West Bank on Sunday.
Published 17 Oct, 2005 12:00am
First results finalised after Afghanistan vote

First results finalised after Afghanistan vote

Afghanistan's election authority announced final results for two of the country's 34 provinces Sunday as hundreds of protestors blocked roads in two key cities alleging fraud in the count.
Published 17 Oct, 2005 12:00am
Ending world hunger possible with political will: FAO

Ending world hunger possible with political will: FAO

The world has enough resources to feed the planet's growing population if political leaders can get past "short-term interests", the chief of the UN's Food and Agriculture Organisation (FAO) said Sunday at ceremonies marking World Food Day.
Published 17 Oct, 2005 12:00am
Europe scrambles to contain bird flu outbreak

Europe scrambles to contain bird flu outbreak

The growing threat of lethal bird flu spreading across Europe will top the agendas of EU leaders this week, after the deadly Asian strain of the virus landed on the continent for the first time.
Published 17 Oct, 2005 12:00am
US moving forward on nuclear deal with India

US moving forward on nuclear deal with India

The Bush administration this week is expected to begin laying out in more detail its plans to change US and international rules so India can acquire restricted nuclear materials under a controversial deal some say undermines non-proliferation standards.
Published 17 Oct, 2005 12:00am
37 dead as boat capsizes in India

37 dead as boat capsizes in India

At least 37 people died and about 40 were missing after an overcrowded boat carrying farm labourers capsized on the Ganges River in northern India, an official said Sunday.
Published 17 Oct, 2005 12:00am
Iran blames UK as five killed in blast

Iran blames UK as five killed in blast

Top Iranian officials said Sunday they suspected British involvement in a double bomb attack in the ethnic-Arab dominated city of Ahvaz, despite furious denials and condemnation of the attacks from London.
Published 17 Oct, 2005 12:00am
US needs strong military presence in Asia

US needs strong military presence in Asia

The United States can ill afford cutbacks in military capabilities in Asia, warns a report on regional military needs as Washington plans to reduce dependence on bases and troops overseas.
Published 17 Oct, 2005 12:00am
Oath

Oath

Newly elected District Nazim Lahore Mian Amir Mahmood will take oath at Jinnah Hall on Monday at 11:00 am. District and Session Judge /Returning Officer will take oath from him.
Published 17 Oct, 2005 12:00am
Hesco spends Rs 87 million on uplift projects

Hesco spends Rs 87 million on uplift projects

Hyderabad Electric Supply Company (Hesco) spent an amount of Rs 87 million for completion of various power supply projects, including village electrification in Sindh except Karachi during Sept, 2005.
Published 17 Oct, 2005 12:00am
Giant windmills energise Philippines

Giant windmills energise Philippines

When enormous windmills began appearing on a desolate stretch of the northern Philippines coast, locals were overjoyed rather than alarmed. The steel contraptions, standing 23 storeys high, were unlike anything impoverished families from Bangui Bay had ev
Published 17 Oct, 2005 12:00am
Myanmar's people struggle as prices soar

Myanmar's people struggle as prices soar

Khin Swe Oo dreams of becoming a teacher but instead scrapes out a living as a green-grocer in Myanmar's capital, where mysteriously soaring prices have left her and most of Yangon's residents in a financial crunch.
Published 17 Oct, 2005 12:00am
Cotton review: temporary price hike

Cotton review: temporary price hike

The lint cotton prices rose by Rs300/-pm and touched the figure of Rs 2,500/- and the seed cotton prices increased by Rs200/-pm to Rs1200/- during last seven days. The present rise in cotton prices is because of the controversy over the estimation of crop
Published 17 Oct, 2005 12:00am
Boss and 'aye'

Boss and 'aye'

"That the king can do no wrong is a necessary and fundamental principle of the English Constitution," said an 18th. Century English jurist, William Blackstone. In the present times everyone with power and pelf in Pakistan believes that he or she can do no
Published 17 Oct, 2005 12:00am
Giving Islam a bad name

Giving Islam a bad name

The bestial act of firing at the worship place of Qadyanis is quite condemnable. According to different newspapers killers enter the worship place and start firing at the people offering Fajr prayers.
Published 17 Oct, 2005 12:00am
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