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Print - 2006-05-08
ISPR terms American allegations baseless

ISPR terms American allegations baseless

Pakistan has strongly denied the US State Department Co-ordinator for Counter-terrorism, Henry Crumpton's statement in Kabul that Pakistan was not making enough efforts to curb terrorism.
Published 08 May, 2006 12:00am
ISPR terms American allegations baseless

ISPR terms American allegations baseless

Pakistan has strongly denied the US State Department Co-ordinator for Counter-terrorism, Henry Crumpton's statement in Kabul that Pakistan was not making enough efforts to curb terrorism.
Published 08 May, 2006 12:00am
Thai gems and jewellery exports touch 10 billion bahts

Thai gems and jewellery exports touch 10 billion bahts

Gems and jewellery exports from Thailand to different countries have been witnessing a smart growth during the past few years and their aggregate exports touched 10,000 million bahts in 2005.
Published 08 May, 2006 12:00am
Three killed in landmine blasts

Three killed in landmine blasts

Three people were killed and four injured in two separate incidents of landmine explosions. According to a report, two people were killed in a landmine explosion in Kandoi area of Dera Bugti on Sunday.
Published 08 May, 2006 12:00am
Three killed in landmine blasts

Three killed in landmine blasts

Three people were killed and four injured in two separate incidents of landmine explosions. According to a report, two people were killed in a landmine explosion in Kandoi area of Dera Bugti on Sunday.
Published 08 May, 2006 12:00am
Car bombs kill 30 in Iraq

Car bombs kill 30 in Iraq

Car bombs killed 30 people in Iraq on Sunday and wounded more than 70 in one of the bloodiest spasms of violence of recent weeks as political leaders sought a deal to form a national unity government.
Published 08 May, 2006 12:00am
Car bombs kill 30 in Iraq

Car bombs kill 30 in Iraq

Car bombs killed 30 people in Iraq on Sunday and wounded more than 70 in one of the bloodiest spasms of violence of recent weeks as political leaders sought a deal to form a national unity government.
Published 08 May, 2006 12:00am
Gap in short-term and discount rates narrows

Gap in short-term and discount rates narrows

State Bank of Pakistan''s policy of frequent intervention in the market is achieving the objective of bringing short-term inter-bank market rates close to the discount rate.
Published 08 May, 2006 12:00am
Gap in short-term and discount rates narrows

Gap in short-term and discount rates narrows

State Bank of Pakistan's policy of frequent intervention in the market is achieving the objective of bringing short-term inter-bank market rates close to the discount rate.
Published 08 May, 2006 12:00am
Gap in short-term and discount rates narrows

Gap in short-term and discount rates narrows

State Bank of Pakistan's policy of frequent intervention in the market is achieving the objective of bringing short-term inter-bank market rates close to the discount rate.
Published 08 May, 2006 12:00am
The Weather

The Weather

The weather report on Sunday (May 07, 2006) and the forecast for Monday (May 08, 2006).
Published 08 May, 2006 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 02 to 06, 2006).

Published 08 May, 2006 12:00am
KKI weekly review

KKI weekly review

Khanani & Kalia International (Pvt) Limited weekly review of currency notes on Sunday (May 07, 2006)
Published 08 May, 2006 12:00am
Li Na finds Jie cramps her style

Li Na finds Jie cramps her style

Cramps provided an anti-climactic ending to the first-ever WTA final between two Chinese women as Jie Zheng defeated an injured Li Na 6-7 (5/7), 7-5, retired, for the Estoril Open title here on Sunday.
Published 08 May, 2006 12:00am
Nalbandian doubles up at Estoril

Nalbandian doubles up at Estoril

Top seed David Nalbandian of Argentina clinched the Estoril Open for the second time on Sunday with a comfortable 6-3, 6-4 win over Russian second seed Nikolay Davydenko.
Published 08 May, 2006 12:00am
Kim Clijsters lifts Warsaw crown

Kim Clijsters lifts Warsaw crown

Top seeded Kim Clijsters claimed her first title since October when she defeated Russian number four seed Svetlana Kuznetsova 7-5, 6-2 in the final of the WTA Warsaw Cup on Sunday.
Published 08 May, 2006 12:00am
Schumacher back on track with 2nd successive win

Schumacher back on track with 2nd successive win

Michael Schumacher showed that Ferrari's Imola win was no fluke here Sunday as he capitalised on a perfect pit-stop strategy to win the European Grand Prix in front of his home crowd.
Published 08 May, 2006 12:00am
ICC body gives guarded endorsement to trial technology

ICC body gives guarded endorsement to trial technology

The International Cricket Council (ICC) Cricket Committee gave a guarded endorsement to a trial of the extended use of technology during its two-day meeting in Dubai, which ended on Saturday.
Published 08 May, 2006 12:00am
Smith half-century takes South Africa to victory

Smith half-century takes South Africa to victory

Graeme Smith hit his second half-century of a low-scoring match as South Africa beat New Zealand by four wickets on the third day of the third and final Test against New Zealand at the Wanderers Stadium on Sunday.
Published 08 May, 2006 12:00am
Unbeaten Barbaro wins Kentucky Derby by seven lengths

Unbeaten Barbaro wins Kentucky Derby by seven lengths

Undefeated Barbaro won the 132nd Kentucky Derby by seven lengths here on Saturday, pulling away to capture the two million-dollar opening leg of American racing's Triple Crown series.
Published 08 May, 2006 12:00am
When worry gets in the way

When worry gets in the way

To be human is to worry - about finances, your children's health, work, even whether you remembered to unplug the iron when you go on vacation.
Published 08 May, 2006 12:00am
IUCN reveals decline of status of plants and animals

IUCN reveals decline of status of plants and animals

The total number of species declared officially extinct is 784 and a further 65 are only found in captivity or cultivation. Of the 40,177 species assessed using the IUCN Red List criteria, 16,119 are now listed as threatened with extinction.
Published 08 May, 2006 12:00am
Lead exposure causes ADHD among children

Lead exposure causes ADHD among children

It's known that lead exposure poses serious health risks, including cognitive function problems. But new research suggests that certain children are more likely to develop attention-deficit hyperactivity disorder (ADHD) when exposed to lead in their envir
Published 08 May, 2006 12:00am
HEALTH UPDATE: don't wear high heels

HEALTH UPDATE: don't wear high heels

If you like wearing high heels, you may be taking your feet a step in the wrong direction. Hammertoes, corns, calluses, bunions, and ingrown toenails are among the health problems high heels can inflict on your feet, warns Dr Mary Ellen Franklin, an exerc
Published 08 May, 2006 12:00am
HEALTH UPDATE: diet may curb bedwetting

HEALTH UPDATE: diet may curb bedwetting

Most of the school-aged children regularly wet the bed, but some simple changes in what they eat and drink can help solve the problem, experts say.
Published 08 May, 2006 12:00am
Skype plans Web-phone conversations for big groups

Skype plans Web-phone conversations for big groups

Web phone-calling company Skype is bringing social networking to crowds as it unveils a service for groups of up to 100 people to hold spontaneous conversations online.
Published 08 May, 2006 12:00am
Microsoft puts money behind Web strategy talk

Microsoft puts money behind Web strategy talk

Microsoft Corp is backing up its talk of investing in Web services with cash, months after chairman Bill Gates called the company to arms over an Internet "sea change" in which software and services become delivered over the Web.
Published 08 May, 2006 12:00am
Sun rolls out new storage products in data push

Sun rolls out new storage products in data push

Sun Microsystems Inc on May 01, announced new data storage hardware and software offerings, broadening its focus on the fast-growing storage industry and aiming to build on its $4.1 billion acquisition of Storage Technology Corp.
Published 08 May, 2006 12:00am
Copyright crackdown pushes pirates onto the Internet

Copyright crackdown pushes pirates onto the Internet

A long campaign to remove pirated goods from shop fronts in Asia is finally having an impact but the crackdown has also changed the nature of the problem and new outlets are flourishing.
Published 08 May, 2006 12:00am
Intel makes 'holistic' push to boost PC use

Intel makes 'holistic' push to boost PC use

Intel Corp will expand its effort to provide inexpensive computers and promote WiMax broadband Internet service in developing countries with a $1 billion "holistic" push to increase computer usage, chief executive Paul Otellini said on May 3.
Published 08 May, 2006 12:00am
Dell to triple size of new Canadian facility

Dell to triple size of new Canadian facility

Dell Inc, the world's top maker of personal computers, said on may 05 it will triple the number of workers at a new customer centre in Ottawa by adding 1,000 jobs.
Published 08 May, 2006 12:00am
THQ plans video game based on Sopranos TV series

THQ plans video game based on Sopranos TV series

THQ Inc's latest video game is all about how to win friends and influence people - and intimidate them into submission. The company on May 04 said it is developing a video game based on the hit HBO television series "The Sopranos" and its mafia themes.
Published 08 May, 2006 12:00am
Malaysia warns jail for text-messaging behind the wheel

Malaysia warns jail for text-messaging behind the wheel

Malaysian motorists who read or send SMS text messages while behind the wheel face going to jail, authorities warned in a report on May 03, saying texting is more dangerous than talking on the phone.
Published 08 May, 2006 12:00am
In Short: China to have 60 million bloggers by end-2006

In Short: China to have 60 million bloggers by end-2006

Blogging is booming in China with the number of bloggers expected to hit 60 million by the end of this year. China is the world's second-largest Internet market after the United States with more than 110 million users.
Published 08 May, 2006 12:00am
Asset managers may earn less as tastes change: study

Asset managers may earn less as tastes change: study

Americans are developing a fresh taste for mutual funds but firms that manage these accounts, mostly for college and retirement savings, may not get rich off the flood of new cash much longer, a new study has found.
Published 08 May, 2006 12:00am
Asset managers may earn less as tastes change: study

Asset managers may earn less as tastes change: study

Americans are developing a fresh taste for mutual funds but firms that manage these accounts, mostly for college and retirement savings, may not get rich off the flood of new cash much longer, a new study has found.
Published 08 May, 2006 12:00am
Credit Suisse profits surge in first quarter

Credit Suisse profits surge in first quarter

Credit Suisse has beaten the most optimistic forecasts with a first-quarter net profit of 2.6 billion Swiss francs ($2.10 billion), driven by its investment banking and wealth management businesses.
Published 08 May, 2006 12:00am
Credit Suisse profits surge in first quarter

Credit Suisse profits surge in first quarter

Credit Suisse has beaten the most optimistic forecasts with a first-quarter net profit of 2.6 billion Swiss francs ($2.10 billion), driven by its investment banking and wealth management businesses.
Published 08 May, 2006 12:00am
US finance sector puts Web pricing in cross hairs

US finance sector puts Web pricing in cross hairs

The US financial sector, a powerful force in Washington, may be gearing up to jump into a Capitol Hill fight over the future of the Internet and stop an effort it says could add billions in costs just to maintain current offerings.
Published 08 May, 2006 12:00am
Brokers internalise more orders, exchanges snubbed

Brokers internalise more orders, exchanges snubbed

Buy or sell - it makes no difference to Wall Street. Brokerages and exchanges take their profits either way out of investors' hides. But in the struggle for the biggest slice of fee income, a practice known as internalisation is spreading and increasingly
Published 08 May, 2006 12:00am
SEC studies penny pricing for options trading

SEC studies penny pricing for options trading

The Securities and Exchange Commission is looking at several proposals on how to implement penny trading in the US options market - a move that would help investors get the best prices, an SEC official said on May 05.
Published 08 May, 2006 12:00am
Stock crash hits Saudi plan to spread oil wealth

Stock crash hits Saudi plan to spread oil wealth

It was meant to be Saudi Arabia's bold attempt to more fairly distribute the vast wealth of another oil boom. But mass share-ownership has ended in tears for many ordinary Saudis.
Published 08 May, 2006 12:00am
Warner Music rejects EMI take-over bid

Warner Music rejects EMI take-over bid

British music group EMI revealed on May 03, that it made a 4.2-billion-dollar (3.3-billion-euro) take-over approach to Warner Music which was snubbed by its US rival.
Published 08 May, 2006 12:00am
Microsoft switches to own online ad broker service

Microsoft switches to own online ad broker service

Microsoft Corp said on May 03, it switched to its own online ad brokering service called adCenter, so advertisers can directly place ads on the software maker's search sites instead of going through Yahoo Inc.
Published 08 May, 2006 12:00am
NTL set to axe up to 6,000 jobs

NTL set to axe up to 6,000 jobs

British cable company NTL, which has bought smaller riva`l Telewest for $6 billion, will announce up to 6,000 jobs losses on Tuesday alongside first-quarter results, newspapers reported on Sunday.
Published 08 May, 2006 12:00am
Little to show but words after ministerial flurry at WTO

Little to show but words after ministerial flurry at WTO

A flurry of high-level visits to the WTO over the past week has done little to drive forward sluggish talks on tearing down barriers to commerce and have left observers suffering from a sense of deja vu.
Published 08 May, 2006 12:00am
Australian government to cut family taxes in budget

Australian government to cut family taxes in budget

The Australian government will increase tax breaks for struggling families in its 11th budget on Tuesday in a bid to shore up voter support in the face of rising petrol prices and last week's rise in interest rates.
Published 08 May, 2006 12:00am
Buffett eyes acquisition, keen to cut cash

Buffett eyes acquisition, keen to cut cash

Warren Buffett told shareholders on Saturday that he wanted to reduce Berkshire Hathaway Inc's cash pile and that there was a small chance he would make an acquisition that could take up to $15 billion of cash.
Published 08 May, 2006 12:00am
EU sees 2006 Italy deficit at 4.2 percent of GDP

EU sees 2006 Italy deficit at 4.2 percent of GDP

The European Commission, in its forthcoming Spring Economic Forecast, will estimate Italy's deficit this year at 4.2 percent of GDP, above a 3.8 percent forecast from the Treasury Ministry, newspapers said on Sunday.
Published 08 May, 2006 12:00am
Democrats push to end tax breaks for oil companies

Democrats push to end tax breaks for oil companies

Democrats on Saturday pressed the US Congress to slash tax breaks for profit-flush oil companies amid record high gasoline prices and quickly pass legislation aimed at protecting consumers from price-gouging.
Published 08 May, 2006 12:00am
Oil markets at risk from terror attack: experts

Oil markets at risk from terror attack: experts

With oil prices already stretched to record highs, a terrorist attack targeting vital oil installations would have immediate global consequences, experts say.
Published 08 May, 2006 12:00am
Japanese brokerage firms expanding Asian operations

Japanese brokerage firms expanding Asian operations

Top Japanese brokerage houses are expanding their operations in the rest of Asia to capitalise on robust demand for funds in the fast-growing region, a press report said Sunday.
Published 08 May, 2006 12:00am
Japanese brokerage firms expanding Asian operations

Japanese brokerage firms expanding Asian operations

Top Japanese brokerage houses are expanding their operations in the rest of Asia to capitalise on robust demand for funds in the fast-growing region, a press report said Sunday.
Published 08 May, 2006 12:00am
Jakarta stock market may trade higher

Jakarta stock market may trade higher

Indonesia's stock market is expected to trade higher in the coming week amid predictions that interest rates will drop, an analyst said Friday.
Published 08 May, 2006 12:00am
Hong Kong stocks to trade range-bound

Hong Kong stocks to trade range-bound

Hong Kong stocks are likely to trade range-bound next week as investors are kept on the sidelines ahead of the US interest rate decision from the Federal Reserve, dealers said Friday.
Published 08 May, 2006 12:00am
Singapore shares likely to ease

Singapore shares likely to ease

Singapore shares are expected to ease next week after rallying to record heights, dealers said. The results of general elections this Saturday and corporate earnings from some blue chip stocks such as Singapore Airlines (SIA) were also likely to influence
Published 08 May, 2006 12:00am
Asian currencies up ahead of Fed rate decision

Asian currencies up ahead of Fed rate decision

Asian currencies rose against the dollar, amid widespread hopes that the US Federal Reserve will stop raising US interest rates after this week's key meeting.
Published 08 May, 2006 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Inter bank buy/sell rates for the taka against the dollar on Sunday. 69.30/69.65 (previous 69.49/69.70) Call Money Rates: 10.00-20.00 percent (previous 9.00-27.00 percent.
Published 08 May, 2006 12:00am
Thai stocks may rise on election ruling

Thai stocks may rise on election ruling

Thai share prices are likely to see a short-term rise in the coming week if the courts on Monday decide to scrap last month's controversial snap elections, dealers said.
Published 08 May, 2006 12:00am
Malaysian shares seen bullish next week

Malaysian shares seen bullish next week

Trading on the Malaysian stock exchange is expected to be bullish in the coming week after the key index hit new six-year highs, dealers said.
Published 08 May, 2006 12:00am
Fed to hike US rates this week, but then what?

Fed to hike US rates this week, but then what?

The Federal Reserve is guaranteed to raise US interest rates this week, economists believe, but debate about where it will go next is reaching fever pitch.
Published 08 May, 2006 12:00am
Fed in focus as Dow flirts with record

Fed in focus as Dow flirts with record

Are we there yet? That's the question that will dominate Wall Street's thinking this week as investors look for the Federal Reserve to shed light on when it intends to stop raising interest rates.
Published 08 May, 2006 12:00am
Australian shares likely to pick up

Australian shares likely to pick up

Australian shares are expected to pick up next week, with continuing strong demand for commodities helping the key resources stocks and so the market overall, dealers said.
Published 08 May, 2006 12:00am
New York tipped to hit historic high

New York tipped to hit historic high

The New York Stock Exchange could hit an all time high next week if the Federal Reserve hints that is going to halt its series of interest rate rises, traders said.
Published 08 May, 2006 12:00am
UK stock market looks to rate news next week

UK stock market looks to rate news next week

London investors, shrugging off high commodity prices, will be guided next week by a key release from the Bank of England that might provide clues on the next step for British interest rates.
Published 08 May, 2006 12:00am
10 killed in bus-truck collision

10 killed in bus-truck collision

Ten people were killed and 14 injured Sunday when a passenger bus smashed into a truck on a busy national highway running through India's northern Uttar Pradesh state, police said. "Ten persons, including two women, were killed when the government bus col
Published 08 May, 2006 12:00am
Blair under pressure from party rebels

Blair under pressure from party rebels

British Prime Minister Tony Blair was under pressure on Sunday from parts of his ruling Labour Party to say when he will throw in the towel after dismal results in local elections.
Published 08 May, 2006 12:00am
Jordan king says 2 years left to win Middle East peace

Jordan king says 2 years left to win Middle East peace

Jordan's King Abdullah said on Sunday only two years were left to forge an Arab-Israeli settlement that could bring lasting peace. In an interview with Arab satellite television station Al Arabiya to be aired on Sunday, the monarch said the peace process
Published 08 May, 2006 12:00am
Hamas's Zahar holds talks with European foreign minister

Hamas's Zahar holds talks with European foreign minister

Palestinian Foreign Minister and Hamas leader Mahmoud al-Zahar said on Sunday he had met a European foreign minister during a three-week tour of Arab countries, but declined to name the minister.
Published 08 May, 2006 12:00am
Scores hurt, houses damaged as strong quake hits Iran

Scores hurt, houses damaged as strong quake hits Iran

At least 80 people were hurt and many homes damaged Sunday when a strong earthquake measuring 5.2 on the Richter scale jolted the town of Zarand in southern Iran's Kerman province.
Published 08 May, 2006 12:00am
Bipartisan fight brews over potential CIA nominee

Bipartisan fight brews over potential CIA nominee

US lawmakers, some from President George W. Bush's Republican party, are challenging his expected choice as CIA chief of a general behind a disputed domestic spying program.
Published 08 May, 2006 12:00am