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Dec 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-03-23
A date with destiny for subcontinent's Muslims

A date with destiny for subcontinent's Muslims

The morning on 23rd March, 1940, in Lahore was otherwise a typical mid-spring morning; the sky was blue and cloudless, the sun bright but not hot, the air crisply cool and refreshing. But that particular morning was destined to mark and epoch in the histo
Published 23 Mar, 2006 12:00am
Ogra told to probe inflated gas bills

Ogra told to probe inflated gas bills

The Cabinet Committee on Regulatory Bodies (CCRB) has directed the Oil and Gas Regulatory Authority (Ogra) to investigate cause of inflated gas bills issued this month and submit a report to the prime minister next week.
Published 23 Mar, 2006 12:00am
Impact of Muslim League victory in Bengal and Sindh

Impact of Muslim League victory in Bengal and Sindh

After the conclusion of the 2nd World War, Lord Wavell became the Viceroy of India. In 1945-46 he did not accept the Muslim League as the only representative body of the Indian Muslims, unless its strength was shown by capturing all the 30 Muslim seats in
Published 23 Mar, 2006 12:00am
Ogra told to probe inflated gas bills

Ogra told to probe inflated gas bills

The Cabinet Committee on Regulatory Bodies (CCRB) has directed the Oil and Gas Regulatory Authority (Ogra) to investigate cause of inflated gas bills issued this month and submit a report to the prime minister next week.
Published 23 Mar, 2006 12:00am
A stepping stone to Pakistan

A stepping stone to Pakistan

The Muslim struggle for freedom from the British rule and the Hindu domination in the sub-continent had already been started after the 'War of Independence' of 1857 had not been successful. The Muslims were suppressed and had no economic or religious free
Published 23 Mar, 2006 12:00am
Ogra told to probe inflated gas bills

Ogra told to probe inflated gas bills

The Cabinet Committee on Regulatory Bodies (CCRB) has directed the Oil and Gas Regulatory Authority (Ogra) to investigate cause of inflated gas bills issued this month and submit a report to the prime minister next week.
Published 23 Mar, 2006 12:00am
23rd March is not 'just another day'

23rd March is not 'just another day'

The nation is celebrating yet another Pakistan Resolution Day on 23rd March, which is a very momentous day in Pakistan's history. The Pakistanis commemorate the day every year as a real day of the "making of Pakistan" when a historic Resolution - widely k
Published 23 Mar, 2006 12:00am
'National Drinking Water Policy' launched

'National Drinking Water Policy' launched

The government on Wednesday launched 'National Drinking Water Policy' designed to ensure safe drinking water supply to the people by 2007. The draft policy was launched during a seminar on "Water and Culture" to mark the 'World Water Day', organised joint
Published 23 Mar, 2006 12:00am
Pakistan Resolution and post-Independence politics

Pakistan Resolution and post-Independence politics

The Muslim League annual session held at Lahore on March 22-24, 1940, was an event of far reaching consequences in British India. On March 23, a resolution was moved in the session which discarded the federal system for British India and proposed the esta
Published 23 Mar, 2006 12:00am
'National Drinking Water Policy' launched

'National Drinking Water Policy' launched

The government on Wednesday launched 'National Drinking Water Policy' designed to ensure safe drinking water supply to the people by 2007. The draft policy was launched during a seminar on "Water and Culture" to mark the 'World Water Day', organised joint
Published 23 Mar, 2006 12:00am
The background to adoption of Pakistan Resolution

The background to adoption of Pakistan Resolution

In immediate terms, the adoption of the Pakistan Resolution in March 1940 was provoked by, and represented a riposte to, Congress's sustained attempts at denying Muslims a religio-political entity in India's body politic.
Published 23 Mar, 2006 12:00am
BRIndex30 gains 131.87 points

BRIndex30 gains 131.87 points

The BRIndex30 on Wednesday closed at 12,349.84 with a net positive change of 131.87, or 1.08 percent. During the day, it registered the high of 12,458.39 and low of 12,278.64.
Published 23 Mar, 2006 12:00am
Singapore bunker fuel prices up

Singapore bunker fuel prices up

Singapore bunker prices rose on Wednesday, with premiums surging well above $10 a tonne as supplies tightened on intensifying berthing congestion, traders said.
Published 23 Mar, 2006 12:00am
BRIndex30 gains 131.87 points

BRIndex30 gains 131.87 points

The BRIndex30 on Wednesday closed at 12,349.84 with a net positive change of 131.87, or 1.08 percent. During the day, it registered the high of 12,458.39 and low of 12,278.64.
Published 23 Mar, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 120,947 tonnes of cargo including 84,017 tonnes import and 36,930 tonnes export cargo including 5,778 containers during last 24 hours ending at 0700 hours on Wednesday.
Published 23 Mar, 2006 12:00am
Gas sector leads KSE rally

Gas sector leads KSE rally

Investors'' interest in buying stakes in Sui Northern Gas and Sui Southern Gas on Wednesday electrified the buying spree in gas and exploration scrips on Karachi Stock Exchange, which extended to other sectors, raising the KSE index by yet another 148 poi
Published 23 Mar, 2006 12:00am
Corn ends higher on late fund buying

Corn ends higher on late fund buying

Corn futures at the Chicago Board of Trade closed higher on Tuesday on a technical bounce from Monday's slide to two-month lows with fund buying boosting the market, traders said.
Published 23 Mar, 2006 12:00am
Gas sector leads KSE rally

Gas sector leads KSE rally

Investors' interest in buying stakes in Sui Northern Gas and Sui Southern Gas on Wednesday electrified the buying spree in gas and exploration scrips on Karachi Stock Exchange, which extended to other sectors, raising the KSE index by yet another 148 poin
Published 23 Mar, 2006 12:00am
Manila aims to ship 200,000 tonnes sugar to US

Manila aims to ship 200,000 tonnes sugar to US

The Philippines said on Wednesday it had allowed seven trading firms to import 50,000 tonnes of refined sugar to replace part of the 200,000 tonnes that the country aims to export to the United States.
Published 23 Mar, 2006 12:00am
Gas sector leads KSE rally

Gas sector leads KSE rally

Investors' interest in buying stakes in Sui Northern Gas and Sui Southern Gas on Wednesday electrified the buying spree in gas and exploration scrips on Karachi Stock Exchange, which extended to other sectors, raising the KSE index by yet another 148 poin
Published 23 Mar, 2006 12:00am
US Midwest corn and soyabean bids steady to higher

US Midwest corn and soyabean bids steady to higher

Spot basis bids for corn and soyabeans were steady to higher around the US Midwest early Wednesday as dealers piggybacked on a futures market rally to try to spur country movement, grain dealers said.
Published 23 Mar, 2006 12:00am
Show-cause notices issued to 42 sugar mills

Show-cause notices issued to 42 sugar mills

The Monopoly Control Authority has issued show-cause notices to 42 sugar mills, for withholding their stocks, on the basis of the data provided by Pakistan Sugar Mills Association showing quantity of production, release and remaining stock as on February
Published 23 Mar, 2006 12:00am
CBOT wheat futures higher

CBOT wheat futures higher

Wheat futures at the Chicago Board of Trade closed higher on Tuesday in a technical correction from Monday's weather-driven plunge to two-month lows, traders said. "We were oversold and due for a bounce," one trader said.
Published 23 Mar, 2006 12:00am
Show-cause notices issued to 42 sugar mills

Show-cause notices issued to 42 sugar mills

The Monopoly Control Authority has issued show-cause notices to 42 sugar mills, for withholding their stocks, on the basis of the data provided by Pakistan Sugar Mills Association showing quantity of production, release and remaining stock as on February
Published 23 Mar, 2006 12:00am
Show-cause notices issued to 42 sugar mills

Show-cause notices issued to 42 sugar mills

The Monopoly Control Authority has issued show-cause notices to 42 sugar mills, for withholding their stocks, on the basis of the data provided by Pakistan Sugar Mills Association showing quantity of production, release and remaining stock as on February
Published 23 Mar, 2006 12:00am
Oil cake market rates

Oil cake market rates

Downward trend was seen on the forward cottonseed oilcake market on Wednesday as several buyers did not take interest in the proceedings due to huge stock with them, dealers said.
Published 23 Mar, 2006 12:00am
Pakistan Day today

Pakistan Day today

The nation will celebrate Pakistan Day on Thursday with a pledge to make the country strong, progressive and prosperous Islamic welfare state. The day will dawn with a 31-gun salute in the federal capital and 21-gun salute in the provincial capitals.
Published 23 Mar, 2006 12:00am
Lethargy continues in lint market

Lethargy continues in lint market

General slackness continued this week in the cotton market with few positive features emerging at present which could promise an early revival.
Published 23 Mar, 2006 12:00am
Pakistan Day today

Pakistan Day today

The nation will celebrate Pakistan Day on Thursday with a pledge to make the country strong, progressive and prosperous Islamic welfare state. The day will dawn with a 31-gun salute in the federal capital and 21-gun salute in the provincial capitals.
Published 23 Mar, 2006 12:00am
Lethargy continues in lint market

Lethargy continues in lint market

General slackness continued this week in the cotton market with few positive features emerging at present which could promise an early revival.
Published 23 Mar, 2006 12:00am
India to free 40 Kashmiri prisoners

India to free 40 Kashmiri prisoners

India would free 40 Kashmiri prisoners in line with Prime Minister Manmohan's Singh's assurances that New Delhi would not detain people charged with minor offences in the insurgency-torn region, a security official said on Wednesday.
Published 23 Mar, 2006 12:00am
Holiday mood prevails on cotton market

Holiday mood prevails on cotton market

Insipid business was seen in the cotton market on Wednesday as a few buyers were in the market but not looking in a hurry for fresh deals due to satisfactory position on the supply side, dealers said.
Published 23 Mar, 2006 12:00am
Bush urges Iraqis to form unity government

Bush urges Iraqis to form unity government

US President George W. Bush on Wednesday signalled impatience with Iraq's protracted efforts to form a unity government, telling leaders there "it's time" to reach an agreement.
Published 23 Mar, 2006 12:00am
Minor price adjustments on grain market

Minor price adjustments on grain market

Thin business was witnessed on the grain market on Wednesday as commodity prices fluctuated but managed to hold their overnight levels, dealers said. According to the market sources, most of the buyers were in the market looking for the deals at lower rat
Published 23 Mar, 2006 12:00am
US dispatches senior officials to Vienna

US dispatches senior officials to Vienna

Washington has dispatched two senior US officials to Vienna to sell its controversial nuclear deal with India to the Nuclear Suppliers Group, a key international consultative group on controlling nuclear energy, officials said Wednesday.
Published 23 Mar, 2006 12:00am
Plastic mouldings move both ways

Plastic mouldings move both ways

The trading on plastic mouldings moved both ways here on Wednesday on Jodia Bazar. The following changes were seen in the HDPE film Saudia 952 up 55 paisa to Rs 37.50, Mobil up 40 paisa to Rs 37.50.
Published 23 Mar, 2006 12:00am
Islamabad asked to go for other options: US opposes IPI gas pipeline

Islamabad asked to go for other options: US opposes IPI gas pipeline

The US Ambassador in Pakistan, Ryan C Crocker, said here on Wednesday that Washington would not like to see Iran-Pakistan-India (IPI) gas pipeline go through due to the stand-off with Tehran over nuclear issue, and Islamabad should opt for other two pipel
Published 23 Mar, 2006 12:00am
US soya rust

US soya rust

The US Agriculture Department should encourage states to be more consistent in searching for signs of the soyabean rust fungus and in reporting their findings, a congressional agency said on Tuesday.
Published 23 Mar, 2006 12:00am
Islamabad asked to go for other options: US opposes IPI gas pipeline

Islamabad asked to go for other options: US opposes IPI gas pipeline

The US Ambassador in Pakistan, Ryan C Crocker, said here on Wednesday that Washington would not like to see Iran-Pakistan-India (IPI) gas pipeline go through due to the stand-off with Tehran over nuclear issue, and Islamabad should opt for other two pipel
Published 23 Mar, 2006 12:00am
MGE wheat settles higher

MGE wheat settles higher

Spring wheat futures at the Minneapolis Grain Exchange closed higher on Tuesday, rebounding along with the Kansas City and Chicago markets after on Monday's steep declines, traders said.
Published 23 Mar, 2006 12:00am
Islamabad asked to go for other options: US opposes IPI gas pipeline

Islamabad asked to go for other options: US opposes IPI gas pipeline

The US Ambassador in Pakistan, Ryan C Crocker, said here on Wednesday that Washington would not like to see Iran-Pakistan-India (IPI) gas pipeline go through due to the stand-off with Tehran over nuclear issue, and Islamabad should opt for other two pipel
Published 23 Mar, 2006 12:00am
New York coffee futures end firm

New York coffee futures end firm

US coffee futures posted a modest gain on Tuesday, although bullish speculators lacked the muscle to drive prices outside the top of a one-week trading range, market sources said.
Published 23 Mar, 2006 12:00am
FDI up 151.60 percent, portfolio investment 472 percent

FDI up 151.60 percent, portfolio investment 472 percent

The State Bank of Pakistan (SBP) on Tuesday reported that total foreign private investment in July-February 2005-06 increased by 190 percent to $1.974 billion from $679.9 million in the corresponding period of the last year.
Published 23 Mar, 2006 12:00am
New York cocoa futures bounce back

New York cocoa futures bounce back

US cocoa futures settled in positive territory on Tuesday, bolstered by a late spurt of speculative buying into weakness, traders said. The New York Board of Trade's active cocoa contract for May delivery climbed $15, or 1.0 percent, to settle at $1,504 a
Published 23 Mar, 2006 12:00am
FDI up 151.60 percent, portfolio investment 472 percent

FDI up 151.60 percent, portfolio investment 472 percent

The State Bank of Pakistan (SBP) on Tuesday reported that total foreign private investment in July-February 2005-06 increased by 190 percent to $1.974 billion from $679.9 million in the corresponding period of the last year.
Published 23 Mar, 2006 12:00am
New York copper fails to hold gains

New York copper fails to hold gains

US copper futures settled near their session lows in moderate business on Tuesday as push to the upside faltered following London copper's failure to hold record levels, sources said.
Published 23 Mar, 2006 12:00am
FDI up 151.60 percent, portfolio investment 472 percent

FDI up 151.60 percent, portfolio investment 472 percent

The State Bank of Pakistan (SBP) on Tuesday reported that total foreign private investment in July-February 2005-06 increased by 190 percent to $1.974 billion from $679.9 million in the corresponding period of the last year.
Published 23 Mar, 2006 12:00am
Silver higher in New York

Silver higher in New York

US benchmark silver futures scaled a 22-year peak on Tuesday on brisk speculative buying after US regulators supported rule changes for the first silver-linked exchange-traded security.
Published 23 Mar, 2006 12:00am
Provinces denied ''BOOT'' hydel projects

Provinces denied ''BOOT'' hydel projects

The government has refused to hand over the ''Built-Own-Operate and Transfer'' (BOOT) hydel power projects to concerned provinces, even at the end of concession period.
Published 23 Mar, 2006 12:00am
Tokyo gold up on bullion, trade rangebound

Tokyo gold up on bullion, trade rangebound

Tokyo gold futures finished a touch higher on Wednesday supported by a firm bullion market and a soft yen, but trade remained rangebound as players pondered the market's direction.
Published 23 Mar, 2006 12:00am
Provinces denied 'BOOT' hydel projects

Provinces denied 'BOOT' hydel projects

The government has refused to hand over the 'Built-Own-Operate and Transfer' (BOOT) hydel power projects to concerned provinces, even at the end of concession period.
Published 23 Mar, 2006 12:00am
Silver hits 22-year high on fund news

Silver hits 22-year high on fund news

Silver rose to its highest price in more than 22 years on Wednesday on buying by money managers after US regulators gave the go ahead for a proposed exchange-trade fund in the precious metal.
Published 23 Mar, 2006 12:00am
Provinces denied 'BOOT' hydel projects

Provinces denied 'BOOT' hydel projects

The government has refused to hand over the 'Built-Own-Operate and Transfer' (BOOT) hydel power projects to concerned provinces, even at the end of concession period.
Published 23 Mar, 2006 12:00am
Vietnam rice prices seen easing

Vietnam rice prices seen easing

Vietnamese rice prices were expected to fall further next week during the peak of a key crop harvest, traders said on Wednesday. Farmers in the Mekong delta started the winter-spring harvest in February and by the time March ends they would have completed
Published 23 Mar, 2006 12:00am
President and Prime Minister discuss economy

President and Prime Minister discuss economy

President General Pervez Musharraf and Prime Minister Shaukat Aziz on Wednesday discussed general political environment in the country and the state of the national economy.
Published 23 Mar, 2006 12:00am
Oil stays above $62 in Asia ahead of US data

Oil stays above $62 in Asia ahead of US data

Oil held above $62 on Wednesday ahead of weekly data that is expected to show another large build in crude stocks in the United States, as worries over disruptions to global supplies persist. The new front-month US light crude for May delivery was up 6 ce
Published 23 Mar, 2006 12:00am
President and Prime Minister discuss economy

President and Prime Minister discuss economy

President General Pervez Musharraf and Prime Minister Shaukat Aziz on Wednesday discussed general political environment in the country and the state of the national economy.
Published 23 Mar, 2006 12:00am
Russia's sweet tooth spurs sugar expansion

Russia's sweet tooth spurs sugar expansion

Sugar prices near 25-year highs are leading Russian producers to revitalise ailing refineries and reduce the dependence of the world's largest raw sugar importer on overseas supplies.
Published 23 Mar, 2006 12:00am
President and Prime Minister discuss economy

President and Prime Minister discuss economy

President General Pervez Musharraf and Prime Minister Shaukat Aziz on Wednesday discussed general political environment in the country and the state of the national economy.
Published 23 Mar, 2006 12:00am
Wheat Australia says tenders for sale to Iraq

Wheat Australia says tenders for sale to Iraq

Wheat Australia, a consortium of three Australian grains groups, said on Wednesday it has tendered to sell wheat to Iraq, after Iraq banned dealings with Australia's monopoly exporter AWB Ltd.
Published 23 Mar, 2006 12:00am
New York sugar settles at two-week high

New York sugar settles at two-week high

Raw sugar futures ended on Tuesday at a two-week high on commodity fund buying fuelled in part by uncertainty over ethanol output in Brazil and storm damage in key exporter Australia, brokers said.
Published 23 Mar, 2006 12:00am
Soya futures climb on short-covering

Soya futures climb on short-covering

Soyabean futures at the Chicago Board of Trade closed higher in step with a corn rally on Tuesday and on a short-covering bounce after on Monday's slide drove May to a 3-1/2 month low, traders said.
Published 23 Mar, 2006 12:00am
South Korea buys corn

South Korea buys corn

The Korea Feed Association's regional members in Pusan have bought 55,000 tonnes of optional origin corn for feed production from Cargill, traders said on Wednesday.
Published 23 Mar, 2006 12:00am
CBOT rice up

CBOT rice up

Rough rice futures at the Chicago Board of Trade closed higher on Tuesday in a technical correction from Monday's steep declines, traders said.
Published 23 Mar, 2006 12:00am
Asian rubber: Tokyo futures rebound

Asian rubber: Tokyo futures rebound

Tokyo rubber futures rebounded on Wednesday as players returned to the market after a holiday but the physical sector lacked activity, with producers still struggling to attract buyers despite tight supplies.
Published 23 Mar, 2006 12:00am
Malaysian palm oil posts gains

Malaysian palm oil posts gains

Malaysian crude palm oil futures ended higher as they trailed a rebound in soyaoil, but a clear trend is likely to emerge after export estimates due later for March 1-25, dealers said.
Published 23 Mar, 2006 12:00am
Shorter JGB yields climb on lingering rate concerns

Shorter JGB yields climb on lingering rate concerns

Short- and midterm Japanese government bond yields rose on Wednesday, with the two-year yield hitting a five-year high on lingering concerns that the Bank of Japan could raise interest rates sooner than previously thought.
Published 23 Mar, 2006 12:00am
Shorter JGB yields climb on lingering rate concerns

Shorter JGB yields climb on lingering rate concerns

Short- and midterm Japanese government bond yields rose on Wednesday, with the two-year yield hitting a five-year high on lingering concerns that the Bank of Japan could raise interest rates sooner than previously thought.
Published 23 Mar, 2006 12:00am
Sharp, AU sign cross-licence deal on TV-use LCDs

Sharp, AU sign cross-licence deal on TV-use LCDs

Japan's Sharp Corp said on Wednesday it had signed a cross-licensing agreement with Taiwan's AU Optronics Corp for TV-use liquid crystal displays (LCDs), a move that suggested Sharp may be looking to procure panels from AU.
Published 23 Mar, 2006 12:00am
Enel ready to launch Suez bid

Enel ready to launch Suez bid

Enel is ready to pull the trigger on its long-awaited multi-billion euro bid for France's Suez "at any moment," an industry source said, as pressure mounted on the Italian utility to clarify its plans.
Published 23 Mar, 2006 12:00am
Italy drops EU protectionism letter, no support

Italy drops EU protectionism letter, no support

Italy abandoned on Wednesday an attempt to rally free-marketeers in the European Union behind a letter denouncing protectionism in cross-border mergers after failing to collect any signatures, diplomats said.
Published 23 Mar, 2006 12:00am
Yahoo launches instant message phoning in US

Yahoo launches instant message phoning in US

Yahoo Inc on Tuesday said it is launching a service in the United States that lets people make phone calls through the company's instant messaging software.
Published 23 Mar, 2006 12:00am
Morgan Stanley profit up

Morgan Stanley profit up

Morgan Stanley on Wednesday said profit rose 17 percent, beating expectations, as booming merger activity and record trading income lifted total revenue to an all-time high, offset by weakness in brokerage and money management businesses.
Published 23 Mar, 2006 12:00am
Morgan Stanley profit up

Morgan Stanley profit up

Morgan Stanley on Wednesday said profit rose 17 percent, beating expectations, as booming merger activity and record trading income lifted total revenue to an all-time high, offset by weakness in brokerage and money management businesses.
Published 23 Mar, 2006 12:00am
FedEx profit jumps

FedEx profit jumps

FedEx Corp, the world's largest air-express carrier, on Wednesday posted a higher quarterly profit on strong US and global economic growth and price increases, and raised its full-year profit forecast.
Published 23 Mar, 2006 12:00am
FedEx profit jumps

FedEx profit jumps

FedEx Corp, the world's largest air-express carrier, on Wednesday posted a higher quarterly profit on strong US and global economic growth and price increases, and raised its full-year profit forecast.
Published 23 Mar, 2006 12:00am
Malaysia cuts import duty on Asean-made cars

Malaysia cuts import duty on Asean-made cars

Malaysia said on Wednesday it would cut import duty on cars made in fellow members of the Association of South East Asian Nations (Asean) to 5 percent from 15 percent, with effect from Thursday.
Published 23 Mar, 2006 12:00am
Malaysia cuts import duty on Asean-made cars

Malaysia cuts import duty on Asean-made cars

Malaysia said on Wednesday it would cut import duty on cars made in fellow members of the Association of South East Asian Nations (Asean) to 5 percent from 15 percent, with effect from Thursday.
Published 23 Mar, 2006 12:00am
Brown trumpets economy as top job beckons

Brown trumpets economy as top job beckons

British finance minister Gordon Brown stuck to his confident economic forecasts and unveiled measures to woo voters and investors in a budget speech that may be his last before Prime Minister Tony Blair hands him power.
Published 23 Mar, 2006 12:00am
General Motors, UAW and Delphi agree on buyout deal

General Motors, UAW and Delphi agree on buyout deal

General Motors Corp, bankrupt auto parts maker Delphi Corp and the United Auto Workers union have agreed on a plan to provide early retirement buyouts to union members and allow up to 5,000 Delphi union members to move to GM through 2007, Delphi said on W
Published 23 Mar, 2006 12:00am
Malaysia and China to fight money laundering

Malaysia and China to fight money laundering

Malaysia will sign a pact with China's central bank this year to share information to fight money laundering, terror financing and other crimes, the south-east Asian nation's central bank said on Wednesday.
Published 23 Mar, 2006 12:00am
Saudi Arabia wants to be trusted oil supplier

Saudi Arabia wants to be trusted oil supplier

Top oil exporter Saudi Arabia vowed on Wednesday to maintain at least 1.5 million barrels a day of spare production capacity to guarantee its role as trustworthy supplier to the world.
Published 23 Mar, 2006 12:00am
Eurozone orders, trade data support recovery

Eurozone orders, trade data support recovery

Industrial new orders in the eurozone showed solid annual growth in January while both exports and imports rose, data showed on Wednesday, supporting economists' views that an economic recovery is under way.
Published 23 Mar, 2006 12:00am
Apple's proposed French law smacks of piracy

Apple's proposed French law smacks of piracy

Apple Computer Inc said on Tuesday a proposed French law that would force Apple to make sure that songs bought on its iTunes music store can work on any portable player would result in "state-sponsored piracy."
Published 23 Mar, 2006 12:00am
US must maintain open economy: WTO

US must maintain open economy: WTO

The United States remains a leading driver of the global economy and a key player in talks on liberalising global commerce, but there are concerns that Washington could get side-tracked by bilateral trade deals, the WTO said on Wednesday.
Published 23 Mar, 2006 12:00am
Microsoft delays consumer launch of Vista

Microsoft delays consumer launch of Vista

Microsoft Corp said on Tuesday it plans to delay the consumer launch of its much-anticipated Windows Vista until after this year's holiday shopping season, sending its shares down nearly 3 percent.
Published 23 Mar, 2006 12:00am
EU bans more than 90 airlines

EU bans more than 90 airlines

The European Union banned on Wednesday more than 90 airlines from operating in the 25-nation bloc, targeting mostly African carriers as it seeks to boost air security and reassure travellers that European skies are safe.
Published 23 Mar, 2006 12:00am
Taiwan tech stocks slip on Microsoft Vista delay

Taiwan tech stocks slip on Microsoft Vista delay

Taiwan stocks fell 1.03 percent on Wednesday as Microsoft's delay of the release of a new operating system, Vista, curbed demand for shares in DRAM, microchip and personal computer makers.
Published 23 Mar, 2006 12:00am
Chinese shares extend gains as copper and banks advance

Chinese shares extend gains as copper and banks advance

Chinese shares gained 0.5 percent on Wednesday, building on Tuesday's rise, as copper stocks advanced on high global copper prices and banking shares gained as Minsheng Bank gained approval for a bond issue.
Published 23 Mar, 2006 12:00am
Hong Kong stocks drop on overseas markets

Hong Kong stocks drop on overseas markets

Hong Kong stocks fell on Wednesday, in its biggest one-day percentage loss in more than five months, as sliding overseas markets triggered a sharp sell-off amid concern that US interest rates could head higher.
Published 23 Mar, 2006 12:00am
US stocks finish lower on rate worries

US stocks finish lower on rate worries

US stocks fell on Tuesday as a jump in US Treasury debt yields triggered a sell-off in financial stocks amid renewed concerns about prospects for more interest-rate hikes ahead.
Published 23 Mar, 2006 12:00am
Indian shares weaken

Indian shares weaken

Indian share prices closed 0.59 percent lower on Wednesday with investors cautious as the benchmark index hovers near record high levels, dealers said. Selling pressure was seen in automobile, software and steel stocks, they said.
Published 23 Mar, 2006 12:00am
Malaysian shares slip

Malaysian shares slip

Malaysian share prices closed 0.13 percent lower on Wednesday on continuing worries over the outbreak of bird flu, dealers said. The Kuala Lumpur composite index was down 1.19 points at 921.94. Volume was 783.69 million shares worth 1.01 billion ringgit (
Published 23 Mar, 2006 12:00am
US Treasury debt prices plunge

US Treasury debt prices plunge

US Treasury debt prices tumbled on Tuesday as a jump in underlying producer inflation and economic optimism from the Federal Reserve Chairman sparked a wave of selling that took on a momentum of its own.
Published 23 Mar, 2006 12:00am
US Treasury debt prices plunge

US Treasury debt prices plunge

US Treasury debt prices tumbled on Tuesday as a jump in underlying producer inflation and economic optimism from the Federal Reserve Chairman sparked a wave of selling that took on a momentum of its own.
Published 23 Mar, 2006 12:00am
Jakarta shares tumble

Jakarta shares tumble

Indonesia share prices closed 1.87 percent lower on Wednesday as investors took profit from the market's recent record gains, with regional market declines adding to the pressure, dealers said.
Published 23 Mar, 2006 12:00am
Philippines shares close flat

Philippines shares close flat

Philippines share prices closed flat Wednesday as investors took a breather after the benchmark index hits its highest level in more than six years on Tuesday, dealers said.
Published 23 Mar, 2006 12:00am
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