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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-03-24
Tallink in 310 million euro ships purchase

Tallink in 310 million euro ships purchase

Estonian shipping company Tallink Group has signed an agreement to buy three ro-pax vessels (roll-on, roll-off ferries) in a cash deal worth 310 million euros ($376.4 million) from Greek firm Attica Group, Tallink said on Tuesday.
Published 24 Mar, 2006 12:00am
Maersk 2005 net profit seen slightly up

Maersk 2005 net profit seen slightly up

Danish shipping and oil giant A.P. Moeller-Maersk is expected to post a slight rise in 2005 net profit excluding special items, due mainly to rising freight rates and higher oil prices.
Published 24 Mar, 2006 12:00am
Maersk 2005 net profit seen slightly up

Maersk 2005 net profit seen slightly up

Danish shipping and oil giant A.P. Moeller-Maersk is expected to post a slight rise in 2005 net profit excluding special items, due mainly to rising freight rates and higher oil prices.
Published 24 Mar, 2006 12:00am
UK farmers demand fast payments from government

UK farmers demand fast payments from government

Britain's farming leader demanded on Wednesday the government launch emergency measures to pay subsidies quickly to help thousands of farmers who face mounting debts because of delays.
Published 24 Mar, 2006 12:00am
Southern Africa crop outlook positive

Southern Africa crop outlook positive

The crop outlook for southern Africa remains positive after most countries received above-normal rains, but flood damage, pests and disease may undermine yields, a US funded agency said on Wednesday.
Published 24 Mar, 2006 12:00am
USDA allows grass removal

USDA allows grass removal

Farmers and ranchers in sections of Texas and Oklahoma hit by wildfires will be allowed to harvest grass from their Conservation Reserve land or graze cattle on the land, the US Agriculture Department said on Tuesday.
Published 24 Mar, 2006 12:00am
MGE wheat ends flat to firm

MGE wheat ends flat to firm

Spring wheat futures at the Minneapolis Grain Exchange ended flat to firm on Wednesday on a rebound from recent losses and on light commercial buying, traders said. "We're just kind of bouncing up from the losses we had late last week and we're seeing som
Published 24 Mar, 2006 12:00am
New York cocoa futures rise in quiet session

New York cocoa futures rise in quiet session

US cocoa futures ended a shade up on Wednesday, although limited activity by producers and manufacturers anchored the benchmark contract to the middle of a 1-week trading range in light turnover, traders said.
Published 24 Mar, 2006 12:00am
New York coffee tumbles to three-month low

New York coffee tumbles to three-month low

The benchmark arabica coffee futures contract slid 2.6 percent to a three-month low Wednesday, depressed by heavy trade, speculative and fund selling when it failed to hold support at last week's bottom price, market sources said.
Published 24 Mar, 2006 12:00am
Copper gains in New York

Copper gains in New York

US copper futures settled firmer on Wednesday, as the market continued to consolidate from its all-time highs last week, while some technicians believed there was still room to probe the upside.
Published 24 Mar, 2006 12:00am
New York silver ends off new 22-year peak

New York silver ends off new 22-year peak

US benchmark silver prices slid off a 22-year high Wednesday as a sharp rally dried up despite Tuesday's news that a first silver-backed security looked closer to final US regulatory approval, dealers said.
Published 24 Mar, 2006 12:00am
Tokyo gold lower on high yen

Tokyo gold lower on high yen

Tokyo gold futures dropped to a two-week low on Thursday as a stronger yen and weak technical trends induced selling by investors ahead of next week's Japanese fiscal-year book closings.
Published 24 Mar, 2006 12:00am
Malaysian tin ends steady

Malaysian tin ends steady

Tin closed flat in Malaysian trade on Thursday, with European and Japanese buyers lending firm support to the market despite a drop in the London price of the metal.
Published 24 Mar, 2006 12:00am
Oil bounces above $62 in Asian markets

Oil bounces above $62 in Asian markets

Oil prices climbed above $62 on Thursday as crude and gasoline inventories in the United States showed a surprise drop, but the top consumer remained comfortably cushioned against potential supply disruptions.
Published 24 Mar, 2006 12:00am
Copper steady, awaits direction

Copper steady, awaits direction

Copper and aluminium prices held steady in quiet trade on Thursday, with investors waiting for direction, while red-hot zinc prices hovered just below the previous day's all-time high.
Published 24 Mar, 2006 12:00am
New York sugar slips

New York sugar slips

Raw sugar futures settled easier on Wednesday on sales by small speculators which pushed it back after hitting a two-week high and the market could slip further this week, brokers said.
Published 24 Mar, 2006 12:00am
US rice unloaded in RoK amid farmers' protest

US rice unloaded in RoK amid farmers' protest

The first shipment of US rice for direct sale to South Korean consumers was being unloaded at a southern port on Thursday as police held off about 100 farm activists seeking to block the imports, officials said.
Published 24 Mar, 2006 12:00am
Soybeans end firm on a technical rebound

Soybeans end firm on a technical rebound

Soybean futures at the Chicago Board of Trade closed firm Wednesday on a technical bounce, traders said. The market was due for a rebound after the May contract fell to a 3-1/2-month low this week, trading below all key moving averages. May soy gapped hig
Published 24 Mar, 2006 12:00am
CBOT rice higher

CBOT rice higher

Chicago Board of Trade rough rice futures closed higher on Wednesday as the market continued to correct after Monday's fall to a 3-1/2 month low, traders said. May rice settled 6 cents up at $8.28 per hundredweight, with the back months 6 to 7 higher.
Published 24 Mar, 2006 12:00am
Asian rubber prices steady

Asian rubber prices steady

Asian rubber prices were steady on Thursday, but few physical deals were done as many players stayed on the sidelines waiting to buy at lower prices, dealers said.
Published 24 Mar, 2006 12:00am
Malaysian palm oil firm despite soft US soya oil

Malaysian palm oil firm despite soft US soya oil

Malaysian crude palm oil futures held firm on Thursday on light covering activity, despite softer prices of rival US soyoil. Dealers said a clearer trend was likely to emerge next week after export estimates from cargo surveyors for March 1-25.
Published 24 Mar, 2006 12:00am
Yemen to agree $300 million loans during China visit

Yemen to agree $300 million loans during China visit

Yemeni President Ali Abdallah Saleh will secure 300 million dollars in loan agreements for development projects in one of the world's poorest countries during a visit to China next month.
Published 24 Mar, 2006 12:00am
EU scrambles to keep consumer credit plan afloat

EU scrambles to keep consumer credit plan afloat

EU plans to make it easier for people to shop across borders for loans to buy goods and services risk running aground over how member states will apply the new rules locally, EU and industry officials said.
Published 24 Mar, 2006 12:00am
Toyota faces staff woes as sales swell overseas

Toyota faces staff woes as sales swell overseas

Bottom-line profits of $10 billion. A cash pile of $15 billion. A string of record sales stretching over seven years. With stats like that, it's hard to imagine anything that could rile Toyota Motor Corp, Japan's top car maker, which could soon unseat Gen
Published 24 Mar, 2006 12:00am
New Zealand current account deficit hits record

New Zealand current account deficit hits record

New Zealand's widening current account deficit ballooned to 13.7 billion New Zealand dollars (8.5 billion US) last year, up 40 percent on end-2004, official figures showed Thursday.
Published 24 Mar, 2006 12:00am
PayPal to offer paying by text message

PayPal to offer paying by text message

PayPal, the world's largest supplier of online payment services, is preparing to offer a service for consumers to make purchases or money transfers using simple text messaging via mobile telephones, the company said on Wednesday.
Published 24 Mar, 2006 12:00am
Malaysia Proton cars to be cheaper: Prime Minister

Malaysia Proton cars to be cheaper: Prime Minister

Malaysian Prime Minister Abdullah Ahmad Badawi said Thursday that prices of cars built by national makers Proton and Perodua, and some foreign makes, will fall following a new auto policy.
Published 24 Mar, 2006 12:00am
Adobe first quarter net profit falls

Adobe first quarter net profit falls

Design software maker Adobe Systems Inc on Wednesday posted lower quarterly net income on acquisition-related costs and gave a disappointing outlook, sending its shares down nearly 4 percent.
Published 24 Mar, 2006 12:00am
Adobe first quarter net profit falls

Adobe first quarter net profit falls

Design software maker Adobe Systems Inc on Wednesday posted lower quarterly net income on acquisition-related costs and gave a disappointing outlook, sending its shares down nearly 4 percent.
Published 24 Mar, 2006 12:00am
China does not plan to emulate US GSEs: adviser

China does not plan to emulate US GSEs: adviser

China has no desire to create Freddie Mac or Fannie Mae style government sponsored enterprises (GSEs) to help develop its mortgage market, a former regulator of the two US home funding companies said on Thursday.
Published 24 Mar, 2006 12:00am
GDF-Suez strike hits power, gas supplies in France

GDF-Suez strike hits power, gas supplies in France

A strike on Thursday by French workers to protest against a planned Gaz de France and Suez merger cut about 7 percent of France's generation capacity and 20 percent of gas supplies from northern Europe, the leading CGT union said.
Published 24 Mar, 2006 12:00am
US home re-sales soar, jobless claims down

US home re-sales soar, jobless claims down

The pace of home re-sales in the United States picked up by 5.2 percent in February, defying forecasts for a slowdown, as warm weather boosted single-family and condo sales, according to trade group data on Thursday that showed a pause in the market's coo
Published 24 Mar, 2006 12:00am
Central bank boss charged in latest Kenya scandal

Central bank boss charged in latest Kenya scandal

A new corruption case rocked Kenya on Thursday when the central bank governor was charged with nepotism for awarding lucrative consultancies to his son and three associates.
Published 24 Mar, 2006 12:00am
Commission approves dumping duties on China, Vietnam shoes

Commission approves dumping duties on China, Vietnam shoes

The European Commission formally approved on Thursday anti-dumping duties for leather shoes imported from China and Vietnam, a plan that has generated protests by both Asian countries and split the EU.
Published 24 Mar, 2006 12:00am
General Motors to cut engineering staff in US, Europe

General Motors to cut engineering staff in US, Europe

General Motors Corp will announce job cuts at its engineering operations in the United States and Europe next week, the Detroit Free Press reported on Thursday. The newspaper quoted unidentified engineers and a GM executive in reporting that the coming jo
Published 24 Mar, 2006 12:00am
US web site sued for major privacy violations

US web site sued for major privacy violations

New York Attorney General Eliot Spitzer filed a lawsuit Thursday accusing a company of selling e-mail addresses in what he described as the largest deliberate breach of privacy in Internet history.
Published 24 Mar, 2006 12:00am
Land prices in Tokyo rise for first time in 15 years

Land prices in Tokyo rise for first time in 15 years

Land prices in Tokyo rose in 2005 for the first time in 15 years as Japan's steady economic recovery led to strong consumer demand for condominiums and voracious demand from investors seeking commercial land, a government survey showed on Thursday.
Published 24 Mar, 2006 12:00am
India to allow more investment in SBI units

India to allow more investment in SBI units

India's cabinet approved on Thursday the introduction of legislation in parliament that would allow investors to buy more shares in the subsidiaries of State Bank of India, the country's largest bank.
Published 24 Mar, 2006 12:00am
Workers riot at Dubai site to protest wage cut

Workers riot at Dubai site to protest wage cut

A leading UAE construction firm said there was unrest among labourers this week, as newspapers reported hundreds of foreign construction workers rioted near the site of a major project in Dubai.
Published 24 Mar, 2006 12:00am
Economic nationalism row flares before EU summit

Economic nationalism row flares before EU summit

A row over economic nationalism in cross-border mergers flared on Thursday before a high-voltage European Union summit due to discuss a common energy policy and measures to promote jobs and growth.
Published 24 Mar, 2006 12:00am
Malaysia opens low-cost carrier terminal

Malaysia opens low-cost carrier terminal

Malaysia on Thursday officially opened its no-frills airport terminal for Asia's booming budget aviation sector, which it hopes will help make Kuala Lumpur a regional transport hub.
Published 24 Mar, 2006 12:00am
Taiwan stocks fall, tech shares lead decline

Taiwan stocks fall, tech shares lead decline

Taiwan stocks fell 0.42 percent on Thursday, led by technology shares, as Microsoft's delayed launch of its new operating system hit counters such as PC maker Acer Inc for a second day.
Published 24 Mar, 2006 12:00am
Philippines shares rally

Philippines shares rally

Philippines share prices closed 0.37 percent higher on Thursday, extending gains as fund managers polished their portfolios ahead of the end of the first quarter of the year, dealers said. Recent positive economic data and earnings reports also continued
Published 24 Mar, 2006 12:00am
Hong Kong shares gain on properties

Hong Kong shares gain on properties

Hong Kong stocks ended higher on Thursday, boosted by rising property shares and a strong earnings report from blue chip bank BOC Hong Kong (Holdings) Ltd.
Published 24 Mar, 2006 12:00am
US stocks up as rate fear fades

US stocks up as rate fear fades

US stocks ended higher on Wednesday, with the Dow at its highest close in nearly 5 years, as investors bought shares of industrial companies like Caterpillar Inc on bets that rising interest rates won't derail corporate earnings growth.
Published 24 Mar, 2006 12:00am
US Treasury prices finish firmer

US Treasury prices finish firmer

US Treasuries staged a modest recovery on Wednesday but dealers warned gains could be limited ahead of next week's expected interest rate increase from the Federal Reserve.
Published 24 Mar, 2006 12:00am
US Treasury prices finish firmer

US Treasury prices finish firmer

US Treasuries staged a modest recovery on Wednesday but dealers warned gains could be limited ahead of next week's expected interest rate increase from the Federal Reserve.
Published 24 Mar, 2006 12:00am
Jakarta shares soar

Jakarta shares soar

Indonesian share prices closed 0.25 percent higher on Thursday with gains led by index heavyweight Telkom offsetting profit-taking elsewhere in the market, dealers said. The Jakarta Stock Exchange composite index rose 3.295 points to 1,305.623, off a high
Published 24 Mar, 2006 12:00am
Singapore shares close flat

Singapore shares close flat

Singapore share prices closed flat on Thursday after recent stock sales by state-linked investment firm Temasek Holdings dampened sentiment, dealers said. They said, however, the selloff in Temasek-linked stocks may also provide good buying opportunities
Published 24 Mar, 2006 12:00am
Thai shares slightly higher

Thai shares slightly higher

Thai share prices closed 0.73 percent higher on Thursday led by buying of energy stocks, but the broader market was checked by another round of protests expected this weekend, dealers said.
Published 24 Mar, 2006 12:00am
Malaysian shares jump

Malaysian shares jump

Malaysian share prices closed 0.34 percent higher on Thursday after the central bank forecast strong economic growth of 6.0 percent for this year, dealers said. They said government-linked companies also were in focus after they announced key performance
Published 24 Mar, 2006 12:00am
Nikkei closes down, property stocks eyed

Nikkei closes down, property stocks eyed

The Nikkei average ended down just 0.04 percent on Thursday, with investors locking in profits in Daiwa Securities Group and other recent gainers but picking up technology stocks such as TDK Corp.
Published 24 Mar, 2006 12:00am
Yuan inches up as central bank stresses stability

Yuan inches up as central bank stresses stability

China's yuan closed a tad higher against the dollar on Thursday as the central bank reiterated its long-standing policy of keeping the currency's exchange rate basically stable.
Published 24 Mar, 2006 12:00am
Dollar edges higher as market awaits Fed clues

Dollar edges higher as market awaits Fed clues

The dollar crept higher on Thursday, extending gains as investors look ahead to next week's Federal Reserve meeting for clues about how much higher interest rate will climb.
Published 24 Mar, 2006 12:00am
Dollar mixed in quiet march to next Fed meeting

Dollar mixed in quiet march to next Fed meeting

The dollar was slightly higher against the euro, but weaker against the yen on Wednesday as dealers took advantage of a quiet day on the US economic data front to consolidate positions.
Published 24 Mar, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 69.15/71.72 (previous 69.15/71.80). Call Money Rates: 15.00-33.00 percent (previous 15.00-43.00 percent).
Published 24 Mar, 2006 12:00am
Hong Kong interbank rates rise on IPO

Hong Kong interbank rates rise on IPO

The Hong Kong dollar recouped the previous day's losses on Thursday, while interbank rates edged higher on IPO-related fund demand and in anticipation of an interest rate rise next week.
Published 24 Mar, 2006 12:00am
Swiss franc eases ahead of Fed meeting

Swiss franc eases ahead of Fed meeting

The Swiss franc eased against the dollar in trading on Thursday, with the market starting to focus its attention to next week's Federal Reserve meeting for a signal on how much US interest rates will rise.
Published 24 Mar, 2006 12:00am
Canadian dollar hits two-month low

Canadian dollar hits two-month low

The Canadian dollar hit a two-month low on Wednesday, but pared gains late in the session as speculative buying of US dollars versus the loonie ran into technical resistance.
Published 24 Mar, 2006 12:00am
Australian dollar stabilises

Australian dollar stabilises

The Australian dollar ended near session lows after a brief stab above 72 US cents in local trade on Thursday, lacking yield support and battling sluggish commodity prices.
Published 24 Mar, 2006 12:00am
Asian currencies: baht falls on politics

Asian currencies: baht falls on politics

The Thai baht fell for a third straight day on Thursday on concerns that protesters might escalate their campaign to throw out Prime Minister Thaksin Shinawatra.
Published 24 Mar, 2006 12:00am
Pollock set to strengthen South African challenge

Pollock set to strengthen South African challenge

Shaun Pollock, South Africa's leading wicket-taker, was set to take his place in the South African team for the second Test against Australia at Kingsmead on Friday after bowling without any injury worries in the nets Wednesday.
Published 24 Mar, 2006 12:00am
Pakistan's brittle batting worries PCB Chief

Pakistan's brittle batting worries PCB Chief

The Chairman Pakistan Cricket Board (PCB) Shaharyar M. Khan admitted on Thursday that he was worried about Pakistan's brittle batting during three match one-day series against Sri Lanka,
Published 24 Mar, 2006 12:00am
South Asian countries re-bid for 2011 World Cup

South Asian countries re-bid for 2011 World Cup

The four South Asian cricket playing nations has been given one month deadline to re-submit their bid for 2011 World Cup with by preparing new Compliance Book, Chairman Pakistan Cricket Board (PCB) Shaharyar M. Khan said Thursday.
Published 24 Mar, 2006 12:00am
Rafique helps Bangladesh clinch ODI series against Kenya

Rafique helps Bangladesh clinch ODI series against Kenya

Mohammad Rafique's fine all-round effort helped Bangladesh to a 20-run win against Kenya in the third one-day international here on Thursday. Rafique scored a brisk 33 and then grabbed 5-47 as the home side clinched the series with a match still remaining
Published 24 Mar, 2006 12:00am
Inzamamul Haq awarded Sitara-e-Imtiaz

Inzamamul Haq awarded Sitara-e-Imtiaz

Pakistan cricket captain Inzamamul Haq was awarded the Sitara-e-Imtiaz in recognition of his outstanding performance in the field of Sports. Weightlifter Shujauddin Malik, who won Pakistan first Gold medal in the ongoing Commonwealth Games at Melbo
Published 24 Mar, 2006 12:00am
Moya books shot at Nadal in Miami tournament

Moya books shot at Nadal in Miami tournament

Former world number one Carlos Moya of Spain booked a second-round shot at his sensational young compatriot Rafael Nadal here on Wednesday at the 6.9 million-dollar WTA and ATP Masters Series Tournament.
Published 24 Mar, 2006 12:00am
We are sorry, Pakistan tells ousted India

We are sorry, Pakistan tells ousted India

Pakistan captain Mohammad Saqlain on Thursday apologised to India after his team forced their arch-rivals to bow out from the Commonwealth Games men's field hockey.
Published 24 Mar, 2006 12:00am
Venus Williams withdraws WTA Master Series event

Venus Williams withdraws WTA Master Series event

Eighth-seeded American Venus Williams jas withdrawn from the 6.9 million-dollar WTA and ATP Masters Series tournament that started here on Wednesday, organisers said.
Published 24 Mar, 2006 12:00am
Son of the soil Patel realises his India dream

Son of the soil Patel realises his India dream

India's quest for a genuinely quick bowler appears to have ended after Munaf Patel's fairy-tale run from the village green to a promising international debut.
Published 24 Mar, 2006 12:00am
Mehrullah to fight England's Smith for gold medal

Mehrullah to fight England's Smith for gold medal

Super-heavyweight David Price climbed off the canvas three times Thursday to give England six fighters vying for a gold medal at the Commonwealth Games boxing competition.
Published 24 Mar, 2006 12:00am
Total solar eclipse expected in Turkey

Total solar eclipse expected in Turkey

Tens of thousands of scientists and astronomy fans are expected in Turkey on March 29 to see the total solar eclipse, Turkish astronomers and hoteliers said on Thursday.
Published 24 Mar, 2006 12:00am
Hamas stays away from Arab summit

Hamas stays away from Arab summit

Hamas said on Thursday its presentation of a new Palestinian government for parliamentary approval next week would force the group to miss a two-day Arab summit due to begin on Tuesday.
Published 24 Mar, 2006 12:00am
'Hamas will not order arrest of militants'

'Hamas will not order arrest of militants'

Incoming Palestinian interior minister Saeed Seyam, chosen by Hamas to oversee three security services, said on Thursday he will not order the arrest of militants carrying out attacks against Israel.
Published 24 Mar, 2006 12:00am
North Korea threatens 'strong' action against US

North Korea threatens 'strong' action against US

North Korea threatened Thursday to take "strong" action against US moves to "stifle" the communist nation. In a statement published by the North's official Korean Central News Agency, a foreign ministry spokesman accused Washington of tightening sanctions
Published 24 Mar, 2006 12:00am
US asks Japan to stop Iran oil development

US asks Japan to stop Iran oil development

The United States has informally asked Japan to suspend its plans to develop an Iranian oil field as part of world efforts to prevent Iran from obtaining nuclear weapons, a Japanese newspaper said on Thursday.
Published 24 Mar, 2006 12:00am
Major powers try to break UN impasse on Iran

Major powers try to break UN impasse on Iran

Major-power nations tried to break a UN impasse on Iran's nuclear ambitions with a round of telephone calls among their foreign ministers on Thursday seeking to produce a unified message, diplomats said.
Published 24 Mar, 2006 12:00am
New York Times apologises over Katrina victim scam

New York Times apologises over Katrina victim scam

The New York Times on Thursday apologised to readers over a profile it ran on a supposed Hurricane Katrina victim who ended up being arrested for welfare fraud. The March 8 story profiled Donna Fenton, who identified herself as a 37-year-old Katrin
Published 24 Mar, 2006 12:00am
Arrest warrant issued for M F Husain

Arrest warrant issued for M F Husain

A court has issued an arrest warrant for M.F. Husain, India's best-known artist, after he failed to appear in a case related to his depiction of a nude "Mother India", a report said Thursday.
Published 24 Mar, 2006 12:00am
Violence erupts after job law protest in France

Violence erupts after job law protest in France

French youths torched cars, looted shops and stoned police at the end of a rally against a youth job law in the centre of Paris on Thursday, Reuters witnesses said.
Published 24 Mar, 2006 12:00am
Lukashenko clears last legal hurdle in Belarus vote

Lukashenko clears last legal hurdle in Belarus vote

The opposition in Belarus challenged President Alexander Lukashenko's re-election, saying authorities had "raped the minds" of voters, but officials dismissed their complaints on Thursday and endorsed the results.
Published 24 Mar, 2006 12:00am
US lobbies top nuclear-suppliers to back India deal

US lobbies top nuclear-suppliers to back India deal

Washington on Thursday lobbied the world's top suppliers of nuclear technology to back a US-India civilian nuclear energy deal that critics say threatens the global arms control regime, diplomats said.
Published 24 Mar, 2006 12:00am
India withdraws book with Holy Prophet (PBUH) sketch

India withdraws book with Holy Prophet (PBUH) sketch

An Indian state government and one of the country's leading bookstore chains have withdrawn a US-published book from stores because it included a sketch of the Holy Prophet Mohammed (Peace Be Upon Him).
Published 24 Mar, 2006 12:00am
UN committed to protecting Congo elections: Annan

UN committed to protecting Congo elections: Annan

The United Nations is committed to ensuring peaceful elections this year in Democratic Republic of Congo, UN chief Kofi Annan said on Thursday as he visited peacekeeping troops in the violence-prone east.
Published 24 Mar, 2006 12:00am
Eritrea expels three more foreign charities

Eritrea expels three more foreign charities

Eritrea has ordered out three international charities, potentially affecting tens of thousands of people and adding to a long list of recent foreign expulsions from the Horn of Africa nation, diplomats said on Thursday.
Published 24 Mar, 2006 12:00am
Three Palestinians killed

Three Palestinians killed

Israeli troops killed three Palestinians on Thursday in the Gaza Strip near the border with Israel, a Palestinian security official said. They were shot from tanks on the Israeli side of the fence that surrounds the Gaza Strip, he said.
Published 24 Mar, 2006 12:00am
Sterling descends

Sterling descends

Sterling slipped to a one-week low against the dollar on Thursday, with investors shrugging off a reasonably strong manufacturing survey for Britain and instead focusing on prospects for more hikes in US interest rates.
Published 24 Mar, 2006 12:00am
Dollar rises versus euro in London

Dollar rises versus euro in London

The dollar rose to a one-week high against the euro on Thursday but stayed in recent ranges as investors, wondering how high US interest rates will climb, looked ahead to next week's Federal Reserve meeting.
Published 24 Mar, 2006 12:00am
Indian rupee ends down

Indian rupee ends down

The Indian rupee scrambled off a two-week low in late trade on Thursday but still ended down on the day as dollar buying by state-run banks, probably for the central bank, kept it under pressure, traders said.
Published 24 Mar, 2006 12:00am
Chinese shares up

Chinese shares up

Chinese shares ended higher for the fourth straight day on Thursday, as top Asia oil refiner Sinopec Corp rose on renewed privatisation talk and speculation that China could reform its refined oil product price regime.
Published 24 Mar, 2006 12:00am
Bond: M&A hogs limelight as spreads tighten

Bond: M&A hogs limelight as spreads tighten

Mergers and acquisitions hogged the limelight in the European credit market on Thursday, with British broadcaster ITV taking centre stage as a private equity bid waited in the wings.
Published 24 Mar, 2006 12:00am
Bond: M&A hogs limelight as spreads tighten

Bond: M&A hogs limelight as spreads tighten

Mergers and acquisitions hogged the limelight in the European credit market on Thursday, with British broadcaster ITV taking centre stage as a private equity bid waited in the wings.
Published 24 Mar, 2006 12:00am
Seoul shares move up

Seoul shares move up

Seoul shares rose on Thursday, with Kookmin Bank powering to a record high as its agreement to purchase smaller rival Korea Exchange Bank (KEB) was seen signalling the start of consolidation in the country's lending sector.
Published 24 Mar, 2006 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US stocks fell on Thursday, hit by a drop in transportation shares and news of surprising strength in the housing sector, which renewed worries about interest rates and pushed up bond yields.
Published 24 Mar, 2006 12:00am
Sensex index falls

Sensex index falls

Indian shares prices closed flat Thursday in volatile trade amid investor fears over government stability after the head of the ruling Congress party resigned from parliament, dealers said.
Published 24 Mar, 2006 12:00am
FTSE retreats from 6,000 mark

FTSE retreats from 6,000 mark

Britain's FTSE 100 ended lower on Thursday, failing to hold above they key psychological 6,000 resistance level as results from clothing retailer Next and grocery chain Morrison disappointed investors.
Published 24 Mar, 2006 12:00am
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