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Print - 2006-02-15
Frosts kill 12 percent of Ukraine winter crops

Frosts kill 12 percent of Ukraine winter crops

Severe frosts in January have destroyed about 730,000 hectares of Ukrainian winter crops, or about 12 percent of the area sown to the 2006 winter grain harvest, Ukraine's farm minister said on Tuesday.
Published 15 Feb, 2006 12:00am
Euro sheds gains

Euro sheds gains

The euro pared early gains against the dollar on Tuesday, holding close to this week's six-week low after data showed German economic growth unexpectedly stagnated in the final months of 2005.
Published 15 Feb, 2006 12:00am
Sterling falls on inflation data

Sterling falls on inflation data

Sterling fell to a six-week low against the dollar on Tuesday after lower than expected UK inflation fuelled talk of a interest rate cut and the US currency was boosted by strong retail sales numbers.
Published 15 Feb, 2006 12:00am
Straw warns Darfur foes

Straw warns Darfur foes

British Foreign Secretary Jack Straw warned the warring parties in Sudan's Darfur region on Tuesday that Britain would back new sanctions against them unless they got serious about striking a peace deal.
Published 15 Feb, 2006 12:00am
Darfur rebels shoot down government helicopter

Darfur rebels shoot down government helicopter

Darfur rebels said they had shot down a government helicopter on Tuesday and captured one surviving crew member. "The government helicopters came to protect the Janjaweed (Arab militias) who were attacking civilians in our areas and our troops shot down o
Published 15 Feb, 2006 12:00am
Zacarias barred from courtroom

Zacarias barred from courtroom

A federal judge barred September 11 conspirator Zacarias Moussaoui on Tuesday from being present during upcoming jury selection in his sentencing hearing in the only US case brought in the 2001 attacks.
Published 15 Feb, 2006 12:00am
'Iran not yet started running centrifuges'

'Iran not yet started running centrifuges'

Iran has not yet started running centrifuges to produce enriched uranium, which the West suspects Tehran wants to make atomic weapons, a senior Iranian official told Reuters on Tuesday.
Published 15 Feb, 2006 12:00am
New date for talks with Russia

New date for talks with Russia

Iran announced on Tuesday it was deferring until next week talks with Russia on its nuclear plans, but gave no sign it was ready to stop enriching uranium on its own soil - the key element in Moscow's plan.
Published 15 Feb, 2006 12:00am
Israel presses to isolate, weaken Hamas

Israel presses to isolate, weaken Hamas

Israel is pressing donor countries to sever support for the Palestinian Authority this weekend, when a Hamas-led parliament is sworn in, as part of a push to weaken the group, officials said on Tuesday.
Published 15 Feb, 2006 12:00am
26 nations exchange views on anti-biological weapons

26 nations exchange views on anti-biological weapons

Twenty-six nations exchanged views here Tuesday on controlling biological weapons as they braced for a potential new showdown over US opposition to giving teeth to an international ban. US President George W. Bush's administration walked out of internatio
Published 15 Feb, 2006 12:00am
WTO deal should favour developing nations: India

WTO deal should favour developing nations: India

India said Tuesday any WTO deal should favour developing nations as the European Union said its offer on agriculture was a "real sacrifice". "You (developed nations) cannot ask developing countries to pay for doing what you should not be doing..." Commerc
Published 15 Feb, 2006 12:00am
Moderate quake shakes Sikkim: 2 killed

Moderate quake shakes Sikkim: 2 killed

Two Indian soldiers were killed on Tuesday when their vehicle was crushed by falling boulders after a moderate earthquake struck an eastern mountain state and triggered landslides, authorities said.
Published 15 Feb, 2006 12:00am
South Korean foreign minister seeks Annan's post

South Korean foreign minister seeks Annan's post

South Korean Foreign Minister Ban Ki-moon said on Tuesday he would seek the post of UN secretary-general, becoming one of the few declared candidates to succeed Kofi Annan. Ban, 61, has been South Korea's foreign minister since January 2004 and has also s
Published 15 Feb, 2006 12:00am
EU raids air cargo firms

EU raids air cargo firms

The European Commission raided several air cargo carriers in European Union countries on Tuesday on suspicion of cartel activity, it said. "The Commission has reason to believe that the companies concerned may have violated (a European Union) treaty, whic
Published 15 Feb, 2006 12:00am
Over 500,000 rally to mark Hariri's death

Over 500,000 rally to mark Hariri's death

Half a million flag-waving Lebanese packed central Beirut on Tuesday, a year to the day after the assassination of former premier Rafik al-Hariri, giving new impetus to Lebanon's anti-Syrian coalition.
Published 15 Feb, 2006 12:00am
Sharon's son gets jail in funds scandal

Sharon's son gets jail in funds scandal

An Israeli court sentenced Prime Minister Ariel Sharon's son to nine months in prison on Tuesday over the illegal funding of his father's 1999 campaign to head the right-wing Likud Party.
Published 15 Feb, 2006 12:00am
Kyoto greenhouse gas goals still in reach: UN

Kyoto greenhouse gas goals still in reach: UN

Industrialised nations can reach 2012 United Nations goals for reining in gases blamed for global warming but many will have to take tougher measures, the UN climate change bureau said on Tuesday.
Published 15 Feb, 2006 12:00am
Iran confirms first cases of H5N1 bird flu

Iran confirms first cases of H5N1 bird flu

Iran became the latest country to confirm cases of H5N1 bird flu on Tuesday after wild swans tested positive for the deadly virus that had already hit neighbouring countries and killed 91 people world-wide.
Published 15 Feb, 2006 12:00am
Saddam returns to court on hunger strike

Saddam returns to court on hunger strike

Saddam Hussein appeared in court on Tuesday as hearings resumed in his trial, yelling old political slogans and saying he had not eaten for three days. Wearing a black suit, the former leader stood before the chief judge and shouted "God is great" and "lo
Published 15 Feb, 2006 12:00am
Ponting's catch ranks as one of the best

Ponting's catch ranks as one of the best

It may have been overshadowed by Adam Gilchrist's dashing century but the catch made by skipper Ricky Ponting in Australia's tri-series final win over Sri Lanka here on Tuesday will rank as one of cricket's best.
Published 15 Feb, 2006 12:00am
Shoaib Akhtar out of Sri Lanka tour

Shoaib Akhtar out of Sri Lanka tour

Pakistani fast bowler Shoaib Akhtar has been ruled out of next month's tour of Sri Lanka with an ankle injury, officials said on Tuesday. "A stress fracture has been revealed on his left ankle which requires six to seven weeks rest, so he is out of the Sr
Published 15 Feb, 2006 12:00am
England have no chance in India: Kambli

England have no chance in India: Kambli

Vinod Kambli, a scourge of England bowlers in the past, believes Michael Vaughan's men will suffer heavy losses during their current two-month tour of India.
Published 15 Feb, 2006 12:00am
Shine named bowling coach

Shine named bowling coach

Kevin Shine was appointed England's new bowling coach on Tuesday replacing the departing Australian Troy Cooley. The 36-year-old Shine has been Somerset academy director and will take up his new post on March 13. He could join the England squad in time fo
Published 15 Feb, 2006 12:00am
PCB names team for last 2 one-dayers

PCB names team for last 2 one-dayers

Pakistan Cricket Board (PCB) has announced the names of players for the next two one day international (ODI) matches to be played against India at Multan and Karachi.
Published 15 Feb, 2006 12:00am
Murali undecided on playing in Australia again

Murali undecided on playing in Australia again

Sri Lankan ace spinner Muttiah Muralitharan says he has not decided whether he will play in Australia again amid continuous crowd taunts over his scrutinised bowling action. Former Sri Lankan skipper Arjuna Ranatunga has urged Muralitharan to stop playing
Published 15 Feb, 2006 12:00am
'Pace before spin for England on Indian tour'

'Pace before spin for England on Indian tour'

England's three inexperienced spinners are likely to be fighting for a single place to back-up England's powerful pace attack against India, all-rounder Ian Blackwell said on Tuesday.
Published 15 Feb, 2006 12:00am
Swiss franc steady

Swiss franc steady

The Swiss franc was little changed against the dollar and teh euro in early European trading on Tuesday as markets awaited US Federal Reserve Chairman Ben Bernanke's first testimony later in the week. In a quiet week for Swiss economic data, markets will
Published 15 Feb, 2006 12:00am
Asian currencies up as yen rallies, stocks recover

Asian currencies up as yen rallies, stocks recover

Asian currencies rose late on Tuesday, buoyed by a recovery in the Japanese yen and stock markets, despite concerns over falling commodity prices and the upcoming US Federal Reserve chairman's maiden testimony.
Published 15 Feb, 2006 12:00am
Hong Kong dollar recovers slightly

Hong Kong dollar recovers slightly

The Hong Kong dollar regained a bit of ground on Tuesday as some players locked in profits after recent selling. The currency was trading at 7.7605/07 per US dollar, firmer than previous day's close of 7.7615/16.
Published 15 Feb, 2006 12:00am
Dollar stabilises with focus on Bernanke

Dollar stabilises with focus on Bernanke

The dollar stabilised on Monday, with investors awaiting Federal Reserve Chairman Ben Bernanke's congressional testimony this week to gauge the course of US interest rates.
Published 15 Feb, 2006 12:00am
Dollar slips, Bernanke testimony in focus

Dollar slips, Bernanke testimony in focus

The dollar eased on Tuesday ahead of testimony by Federal Reserve Chairman Ben Bernanke later in the week that could offer a clearer idea about how much higher US interest rates will climb.
Published 15 Feb, 2006 12:00am
Indian rupee higher but bank seen checking gains

Indian rupee higher but bank seen checking gains

The rupee edged higher on Tuesday underpinned by strong foreign investor inflows but dealers said they suspected dollar-buying intervention by the central bank that capped gains in the local currency.
Published 15 Feb, 2006 12:00am
Chinese yuan takes breather after four-day rally

Chinese yuan takes breather after four-day rally

China's yuan retreated slightly versus the dollar on Tuesday, as the market took a breather after four straight sessions of closing at record post-revaluation levels.
Published 15 Feb, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 67.15-67.20 (previous 67.05). Call Money Rates: 9.00-23.50 percent (previous 8.50-23.50 percent).
Published 15 Feb, 2006 12:00am
Jakarta shares dip on profit taking

Jakarta shares dip on profit taking

Indonesian share prices closed 1.76 percent lower on Tuesday, hit by heavy profit taking in blue chips Perusahaan Gas Negara (PGN) and Astra International following their recent gains, dealers said.
Published 15 Feb, 2006 12:00am
Singapore shares jump

Singapore shares jump

Singapore share prices closed 0.47 percent higher on Tuesday as blue chips found support ahead of an expected generous national budget to be unveiled on Friday, dealers said.
Published 15 Feb, 2006 12:00am
Nikkei posts biggest gain in three weeks

Nikkei posts biggest gain in three weeks

The Nikkei average posted its biggest percentage gain in nearly three weeks on Tuesday, rising 1.93 percent as investors bought Toyota Motor Corp and other big firms seen as having strong earnings prospects.
Published 15 Feb, 2006 12:00am
Thai share prices drop

Thai share prices drop

Thai share prices dropped 1.38 percent on Tuesday after the country's top court accepted a petition to consider an investigation into Prime Minister Thaksin Shinawatra's business dealings, dealers said.
Published 15 Feb, 2006 12:00am
Philippines shares plunge

Philippines shares plunge

Philippines share prices closed 0.85 percent lower on Tuesday, following losses on Wall Street overnight amid a bout of nerves about the outlook for US interest rates, dealers said.
Published 15 Feb, 2006 12:00am
Malaysian shares rally

Malaysian shares rally

Malaysian share prices closed 0.30 percent higher on Tuesday, supported by the smaller end of the market stocks but gains were limited by a cabinet reshuffle, dealers said. They said the market did not see the new cabinet line-up as making much of a diffe
Published 15 Feb, 2006 12:00am
US Treasuries edge up, await guidance from Bernanke

US Treasuries edge up, await guidance from Bernanke

US Treasury debt prices inched higher on Monday, with investors ignoring comments from a top Federal Reserve official and waiting instead for a debut appearance from new central bank chairman Ben Bernanke.
Published 15 Feb, 2006 12:00am
US Treasuries edge up, await guidance from Bernanke

US Treasuries edge up, await guidance from Bernanke

US Treasury debt prices inched higher on Monday, with investors ignoring comments from a top Federal Reserve official and waiting instead for a debut appearance from new central bank chairman Ben Bernanke.
Published 15 Feb, 2006 12:00am
Hong Kong shares boosted by banks, Nikkei

Hong Kong shares boosted by banks, Nikkei

Hong Kong stocks closed higher on Tuesday, boosted by banks and solid gains in the Japanese market which offset declining commodity counters.
Published 15 Feb, 2006 12:00am
Chinese shares rise

Chinese shares rise

China's shares rebounded slightly on Tuesday following the previous day's dip, but upside remained limited amid fear that regulators might soon lift a 10-month freeze on new IPOs, analysts said. The benchmark Shanghai composite index stood at 1,286.327 po
Published 15 Feb, 2006 12:00am
Taiwan stocks make gains

Taiwan stocks make gains

Taiwan stocks closed up 0.77 percent on Tuesday as tech shares gained and Asian stock markets shrugged off declines on US stock markets. The benchmark TAIEX index ended up 50.68 points at 6,612.97. The heavily weighted electronics sub-index rose 1.16 perc
Published 15 Feb, 2006 12:00am
Top labour leader backs EU services deal

Top labour leader backs EU services deal

A top labour leader urged European Union lawmakers on Tuesday to back a compromise deal and open the giant services sector to cross-border competition, defying calls from his own ranks to scrap the bill.
Published 15 Feb, 2006 12:00am
Italy set to tap strategic gas reserves

Italy set to tap strategic gas reserves

Italy will tap its strategic gas reserves on Tuesday to tackle its coldest winter in over four decades, an industry ministry source said, as consumption picked up and Russian supplies, although improved, remained short.
Published 15 Feb, 2006 12:00am
China facing serious job shortage: government

China facing serious job shortage: government

China's cities are facing serious employment problems with only 11 million new urban jobs expected to be created this year but 25 million people needing to find work, the government said Tuesday.
Published 15 Feb, 2006 12:00am
US retail sales surge

US retail sales surge

US retail sales soared in January as warm weather and gift card redemptions spurred shoppers, setting the stage for a first-quarter rebound in economic growth - and more interest rate hikes from the Federal Reserve.
Published 15 Feb, 2006 12:00am
Playboy profit falls

Playboy profit falls

Adult entertainment media company Playboy Enterprises Inc on Tuesday posted a 68 percent decline in fourth-quarter profit, hurt by sluggish advertising sales at its namesake magazine.
Published 15 Feb, 2006 12:00am
Playboy profit falls

Playboy profit falls

Adult entertainment media company Playboy Enterprises Inc on Tuesday posted a 68 percent decline in fourth-quarter profit, hurt by sluggish advertising sales at its namesake magazine.
Published 15 Feb, 2006 12:00am
Europe's economy ended 2005 badly

Europe's economy ended 2005 badly

Europe's economy lost steam in late 2005 as German growth screeched to a halt, but European Union finance ministers and economists on Tuesday clung to the belief that a long-forecast upturn would materialise this year.
Published 15 Feb, 2006 12:00am
US vows more enforcement in China trade relations

US vows more enforcement in China trade relations

US trade relations with China have entered a new phase that requires stronger action to ensure China is following global trade rules and providing balanced opportunities in its market, the US Trade Representative's office said on Tuesday.
Published 15 Feb, 2006 12:00am
German recovery on track despite wobble

German recovery on track despite wobble

Resurgent investment at home and strong demand for goods abroad are set to spur the German economy to its fastest rate of growth in six years in 2006, despite a lull in activity at the end of last year.
Published 15 Feb, 2006 12:00am
France Telecom to shed over 17,000 jobs

France Telecom to shed over 17,000 jobs

France Telecom responded to the threat of cheap Internet telephony and cut-throat mobile competition on Tuesday by stepping up an overhaul that will involve shedding more than 17,000 jobs.
Published 15 Feb, 2006 12:00am
Omnicom Group posts higher profit

Omnicom Group posts higher profit

Omnicom Group Inc, the world's largest advertising services company, reported a higher quarterly profit on Tuesday. Fourth-quarter net income rose to $252.6 million, or $1.41 per share, from $236.5 million, or $1.28 a share, a year earlier.
Published 15 Feb, 2006 12:00am
Omnicom Group posts higher profit

Omnicom Group posts higher profit

Omnicom Group Inc, the world's largest advertising services company, reported a higher quarterly profit on Tuesday. Fourth-quarter net income rose to $252.6 million, or $1.41 per share, from $236.5 million, or $1.28 a share, a year earlier.
Published 15 Feb, 2006 12:00am
UBS reports record earnings

UBS reports record earnings

Swiss bank UBS, the world's biggest wealth manager, reported record earnings for 2005, boosted by a forecast-beating surge in the fourth quarter as its private banking business boomed.
Published 15 Feb, 2006 12:00am
UBS reports record earnings

UBS reports record earnings

Swiss bank UBS, the world's biggest wealth manager, reported record earnings for 2005, boosted by a forecast-beating surge in the fourth quarter as its private banking business boomed.
Published 15 Feb, 2006 12:00am
Malaysian palm oil up on good exports

Malaysian palm oil up on good exports

Malaysian crude palm oil futures defied weaker prices of rival US soyaoil to stay firm on Tuesday as players bet that falling output and rising exports will sharply cut stocks over the next month.
Published 15 Feb, 2006 12:00am
Thai rice faces challenge from India and Pakistan

Thai rice faces challenge from India and Pakistan

Thai rice sales are facing a tough challenge from other Asian suppliers, who are aggressively pricing their offers, but an anticipated rise in demand may help the world's top exporter to match last year's level of sales.
Published 15 Feb, 2006 12:00am
CBOT rice falls

CBOT rice falls

Chicago Board of Trade rough rice futures closed weaker for the third straight day on Monday on continued long liquidation, traders said.
Published 15 Feb, 2006 12:00am
Soyabeans end firm amid choppy session

Soyabeans end firm amid choppy session

The Chicago Board of Trade soyabean market was volatile on Monday, ending firm and recovering from a weak open amid weather uncertainty in South America where the bulk of the soya crop was in the critical pod filling stage, traders said.
Published 15 Feb, 2006 12:00am
Sugar closes mixed in New York

Sugar closes mixed in New York

Raw sugar futures settled higher on Monday as switch business from players getting out of positions in the spot contract before its expiration at month's end were the main feature of the market, analysts said.
Published 15 Feb, 2006 12:00am
Shanghai aluminium creeps lower after LME fall

Shanghai aluminium creeps lower after LME fall

Shanghai aluminium futures fell on Tuesday, following lower prices on the London Metal Exchange, but domestic fundamentals remained bullish and helped trim some losses, traders said.
Published 15 Feb, 2006 12:00am
Ukraine cuts palm oil imports

Ukraine cuts palm oil imports

Ukraine reduced its palm oil imports to 11,100 tonnes in January 2006 from 13,800 in December, analysts said on Tuesday. ProAgro agricultural consulatancy said in a statement palm oil was imported mostly from Malaysia and Indonesia. The country also impor
Published 15 Feb, 2006 12:00am
Japan to buy wheat

Japan to buy wheat

Japan's Agriculture Ministry said on Tuesday it had offered to buy a total of 120,000 of wheat from the United States, Canada and Australia through a weekly tender scheduled on Thursday.
Published 15 Feb, 2006 12:00am
Tokyo rubber sinks in, many down by limit

Tokyo rubber sinks in, many down by limit

Tokyo rubber futures plunged in the morning session on Tuesday with most contracts falling the nine-yen daily limit, dragged down by the weakness in precious metals and other markets.
Published 15 Feb, 2006 12:00am
Gold hits five-week low on fund selling in Asia

Gold hits five-week low on fund selling in Asia

Gold fell to a five-week low on Tuesday as selling pressure from speculative traders and fund managers escalated after last week's massive losses in precious and base metals.
Published 15 Feb, 2006 12:00am
New York gold falls on fund sales

New York gold falls on fund sales

US gold futures closed at a five-week low on Monday on ongoing aggressive speculative liquidation on the heels of last week's sharp sell-off in the precious and base metals, dealers said.
Published 15 Feb, 2006 12:00am
Tokyo gold futures tumble

Tokyo gold futures tumble

Tokyo gold futures extended losses to a four-week low on Tuesday, with the key contract falling by the daily price limit of 60 yen per gram for the second straight day on heavy liquidation triggered by a sell-off in New York.
Published 15 Feb, 2006 12:00am
New York copper bounces

New York copper bounces

US copper futures settled slightly higher on Monday after some follow-through sales from Friday's 3.49 percent decline prompted some short-covering and "dip" buying that boosted prices off of a 13-day low, dealers said.
Published 15 Feb, 2006 12:00am
Malaysian tin up

Malaysian tin up

Tin rose sharply in Malaysia on Tuesday, bucking the trend in London as traders scrambled to correct a sharp loss the previous day.
Published 15 Feb, 2006 12:00am
New York cocoa slides at finish

New York cocoa slides at finish

US benchmark cocoa futures fell into the close on Monday, with liquidations and rollover business the primary business one day before deliveries begin on the March contract, traders said.
Published 15 Feb, 2006 12:00am
New York coffee settles down 4.9 percent

New York coffee settles down 4.9 percent

US benchmark coffee futures slumped to a one-month low on Monday, hit by fund and producer selling and some baritones due to heavy rain in Brazil's recently dry coffee growing areas, dealers said.
Published 15 Feb, 2006 12:00am
OIC demands UN ban on religious intolerance

OIC demands UN ban on religious intolerance

Muslim countries are pressing for a ban on religious intolerance to be part of the bedrock of a planned new United Nations human rights body, officials said here on Tuesday.
Published 15 Feb, 2006 12:00am
MGE wheat ends down

MGE wheat ends down

Spring wheat futures at the Minneapolis Grain Exchange closed lower on Monday, following declines in the Kansas City and Chicago markets, traders said.
Published 15 Feb, 2006 12:00am
OIC demands UN ban on religious intolerance

OIC demands UN ban on religious intolerance

Muslim countries are pressing for a ban on religious intolerance to be part of the bedrock of a planned new United Nations human rights body, officials said here on Tuesday.
Published 15 Feb, 2006 12:00am
Prices suffer sharp reversal in gram sector

Prices suffer sharp reversal in gram sector

Grams prices were sharply lower on the grain market on Tuesday, other commodities maintained their overnight levels in process of trading, dealers said.
Published 15 Feb, 2006 12:00am
Two killed as protest turns violent

Two killed as protest turns violent

Two people were killed and a dozen received injuries when an angry mob turned violent during protest rallies held here on Tuesday to protest publication of blasphemous cartoon in some European newspapers. Mall Road, Egerton Road and Faisal Chowk remained
Published 15 Feb, 2006 12:00am
Raw rubber prices up

Raw rubber prices up

The trading on raw rubber maintained upward trend on Jodia Bazar on Tuesday. The following changes were seen in latex Semnan Tex up Rs 20 to Rs 425 and Thai (G.T) up Rs 15 to Rs 420.
Published 15 Feb, 2006 12:00am
Two killed as protest turns violent

Two killed as protest turns violent

Two people were killed and a dozen received injuries when an angry mob turned violent during protest rallies held here on Tuesday to protest publication of blasphemous cartoon in some European newspapers. Mall Road, Egerton Road and Faisal Chowk remained
Published 15 Feb, 2006 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (February 14, 2006).

Published 15 Feb, 2006 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (February 14, 2006).

Published 15 Feb, 2006 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 15 Feb, 2006 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 15 Feb, 2006 12:00am