AIRLINK 194.00 Increased By ▲ 0.50 (0.26%)
BOP 9.95 Increased By ▲ 0.31 (3.22%)
CNERGY 7.63 Increased By ▲ 0.10 (1.33%)
FCCL 37.56 Decreased By ▼ -0.14 (-0.37%)
FFL 15.65 Increased By ▲ 0.05 (0.32%)
FLYNG 25.79 Increased By ▲ 0.20 (0.78%)
HUBC 129.50 Increased By ▲ 2.43 (1.91%)
HUMNL 13.57 Increased By ▲ 0.07 (0.52%)
KEL 4.58 No Change ▼ 0.00 (0%)
KOSM 6.26 Increased By ▲ 0.16 (2.62%)
MLCF 43.90 Decreased By ▼ -0.06 (-0.14%)
OGDC 205.10 Increased By ▲ 1.86 (0.92%)
PACE 6.46 Increased By ▲ 0.06 (0.94%)
PAEL 40.89 Decreased By ▼ -0.09 (-0.22%)
PIAHCLA 17.35 Decreased By ▼ -0.14 (-0.8%)
PIBTL 8.06 Increased By ▲ 0.40 (5.22%)
POWER 9.15 Increased By ▲ 0.07 (0.77%)
PPL 176.00 Increased By ▲ 1.75 (1%)
PRL 38.20 Increased By ▲ 0.13 (0.34%)
PTC 24.45 Increased By ▲ 0.38 (1.58%)
SEARL 107.30 Increased By ▲ 0.06 (0.06%)
SILK 0.99 Increased By ▲ 0.02 (2.06%)
SSGC 36.90 Increased By ▲ 0.50 (1.37%)
SYM 19.60 Increased By ▲ 0.56 (2.94%)
TELE 8.47 Increased By ▲ 0.23 (2.79%)
TPLP 12.40 Increased By ▲ 0.62 (5.26%)
TRG 66.00 Increased By ▲ 1.12 (1.73%)
WAVESAPP 12.44 Increased By ▲ 0.81 (6.96%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.93 Increased By ▲ 0.08 (2.08%)
BR100 11,842 Increased By 74.1 (0.63%)
BR30 35,335 Increased By 371.2 (1.06%)
KSE100 112,240 Increased By 753 (0.68%)
KSE30 35,173 Increased By 238.9 (0.68%)
Jan 30, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-07-03
Disastrous tax on foreign travel

Disastrous tax on foreign travel

The Federal Government's decision to put on hold the 15 percent Federal Excise Duty (FED) on international travel for a month has certainly averted the confusion and mayhem that could have taken place after midnight on June 30 at the airports.
Published 03 Jul, 2006 12:00am
Towards better disaster management

Towards better disaster management

Speaking at a special ceremony held at the Aiwan-e-Sadr on Friday to honour individuals and organisations who made outstanding contributions to rescue and relief operations in the aftermath of October 2005 earthquake, President General Pervez Musharraf sp
Published 03 Jul, 2006 12:00am
US programme to monitor Hawala business

US programme to monitor Hawala business

The New York Times has revealed of a US surveillance programme in which millions of international and domestic phone calls and e-mails are being monitored for nearly five years. The US Treasury says that the US government has acted on a firm legal footing
Published 03 Jul, 2006 12:00am
Are flip-flops damaging your career?

Are flip-flops damaging your career?

With more women wearing flip-flops to the office this summer, US style gurus are warning that the casual shoe once mainly seen on the beach could be damaging to careers - as well as to feet. Lauren Cardinale, 25, who works at West Glen Communications, wea
Published 03 Jul, 2006 12:00am
The diverse political views in Islamabad lobbies

The diverse political views in Islamabad lobbies

When scores of journalists came down to Karachi from Islamabad last month they did not come empty-handed. What better gifts they could have brought for their Karachi friends, than reports, rumours and juicy gossips - all the behind-the-scenes happenings i
Published 03 Jul, 2006 12:00am
Repercussion of privatisation

Repercussion of privatisation

President General Pervez Musharraf has sought a report from Federal Minister for Water and Power Liaquat Ali Jatoi and Sindh Governor Ishrat-ul-Ibad on loadshedding and the deteriorating law and order situation in Karachi and has directed both of them to
Published 03 Jul, 2006 12:00am
A glimpse from the past

A glimpse from the past

Prime Minister Liaquat Ali Khan, accompanied by Begum Ra'ana Liaquat, left for his first official visit to USA on a regular Pan Am flight for a three-day stopover in London on April 29, 1950. President Harry S. Truman's personal aircraft, "Independence" t
Published 03 Jul, 2006 12:00am
Refund procedure: a big joke with taxpayers

Refund procedure: a big joke with taxpayers

The Income Tax Ordinance, 2001 (hereinafter "the Ordinance") was introduced with great fanfare and tall claims that its implementation will usher in an era in which there will hardly be any need for taxpayers to interact with the officials of the tax depa
Published 03 Jul, 2006 12:00am
High credit cost hurts textile sector

High credit cost hurts textile sector

Due to high mark-up rate in the country, the import of textile machinery decreased by 10.6% to $693.3 million during the July-April period of the fiscal year 2005-06 compared to $775.9 million the same period last year.
Published 03 Jul, 2006 12:00am
Export potential of mango

Export potential of mango

A brief account of mango production and its potential and suitability for export is given below: Mango having numerous kinds and varieties (both grafted and Desi) is grown in all the four provinces in different hectarage as shown herewith.

Published 03 Jul, 2006 12:00am
Three car bombs jolt Baghdad

Three car bombs jolt Baghdad

Two car bombs exploded in Baghdad's central Karradah district on Sunday hours after another car bomb went off in the same area killing at least two and wounding seven, a security official said.
Published 03 Jul, 2006 12:00am
Two killed as violence erupts in Bangladesh

Two killed as violence erupts in Bangladesh

Two people were killed and nearly 200 injured in clashes in Bangladesh on Sunday as opposition parties enforced a countrywide transport shutdown, police and witnesses said. A policeman was killed after being pelted with stones and hit by stick-wielding ac
Published 03 Jul, 2006 12:00am
Iran denies cruise missile purchase from Ukraine

Iran denies cruise missile purchase from Ukraine

Iran on Sunday denied purchasing cruise missiles from Ukraine after Russian Defence Minister Sergei Ivanov said a Ukrainian firm had delivered half a dozen to the Islamic republic.
Published 03 Jul, 2006 12:00am
South Korea dispatches boat to disputed islands

South Korea dispatches boat to disputed islands

South Korea dispatched a ship on Sunday to survey waters around a group of islands it contests with Japan despite repeated warnings from the Japanese not to do so, a news report said.
Published 03 Jul, 2006 12:00am
China ignores Japanese warnings over island survey

China ignores Japanese warnings over island survey

China ignored warnings Sunday from Japan's coastguard and conducted surveys near disputed islands in the East China Sea, a news report said. The Japanese coastguard made repeated warnings to the ship against surveys around the rocky Senkaku islands, Japan
Published 03 Jul, 2006 12:00am
Somali Islamists react coolly to Osama comments

Somali Islamists react coolly to Osama comments

A powerful Somali Islamic group on Sunday distanced itself from al Qaeda leader Osama bin Laden while the government blasted him for voicing support for the Islamists and warning against deploying international forces in the shattered African nation.
Published 03 Jul, 2006 12:00am
Son of HIV parents kills himself over humiliation

Son of HIV parents kills himself over humiliation

A 15-year-old boy died Sunday from burns after he had set himself on fire because he was humiliated over his parents' HIV infections, Indian police said. The boy torched himself last week in the western state of Gujarat.
Published 03 Jul, 2006 12:00am
Zarqawi buried by Iraqi authorities: US

Zarqawi buried by Iraqi authorities: US

The body of the slain leader of al Qaeda in Iraq, Abu Musab al-Zarqawi, has been buried by Iraqi authorities but the location is unknown, the US military said Sunday.
Published 03 Jul, 2006 12:00am
Thunderstorms threaten Discovery's second launch bid

Thunderstorms threaten Discovery's second launch bid

NASA prepared for a new attempt Sunday to launch the Discovery shuttle on a critical mission for the US space program, but nearby thunderstorms threatened the lift-off again.
Published 03 Jul, 2006 12:00am
Israel ransacks homes in Gaza hotspot

Israel ransacks homes in Gaza hotspot

Israeli tanks withdrew Sunday from a spot of farmland in the southern Gaza Strip, leaving a trail of destruction in their wake after the fiercest clashes since Israel began its offensive.
Published 03 Jul, 2006 12:00am
Zarqawi victim of al Qaeda plot with Americans: wife

Zarqawi victim of al Qaeda plot with Americans: wife

Abu Musab al-Zarqawi, the head of al Qaeda in Iraq, was "sold to the Americans" because he became too powerful, his wife Um Mohamed said in an interview published on Sunday. "My husband had become too powerful and he was no doubt bothering someone," she c
Published 03 Jul, 2006 12:00am
Mexicans vote in presidential race

Mexicans vote in presidential race

Mexicans voted Sunday in an election that could put a leftist leader at the US doorstep or keep the Latin American country on the conservative track that has won Washington's praise.
Published 03 Jul, 2006 12:00am
UK shares look to extend winning run

UK shares look to extend winning run

British investors will look to capitalise next week on the encouraging gains made over the past fortnight, following the choppy trading of recent months.
Published 03 Jul, 2006 12:00am
Thai shares likely to trade range bound

Thai shares likely to trade range bound

Thai share prices are expected to trade in a narrow range next week as investors have resigned themselves to a further hike in US interest rates later this month, dealers said.
Published 03 Jul, 2006 12:00am
Singapore shares expected to trade higher

Singapore shares expected to trade higher

Singapore share prices are expected to trade higher next week after concerns eased over the prospect the US central bank will raise interest rates further, dealers said.
Published 03 Jul, 2006 12:00am
Australian shares likely to extend gains

Australian shares likely to extend gains

Australian share prices are expected to extend gains next week after the latest US Federal Reserve monetary policy statement suggested its tightening cycle had come to an end, dealers said.
Published 03 Jul, 2006 12:00am
Taiwan shares may continue firmer

Taiwan shares may continue firmer

Taiwan share prices are expected to continue firmer next week after President Chen Shui-bian survived an opposition attempt to force his ouster, removing a major political uncertainty overhanging the market, dealers said Friday.
Published 03 Jul, 2006 12:00am
Fed helps Wall Street emerge from gloom

Fed helps Wall Street emerge from gloom

A few hints from the Federal Reserve helped Wall Street break out of the doldrums and charge higher over the past week, but some analysts say it may be premature to get too excited about the market.
Published 03 Jul, 2006 12:00am
Philippines shares expected to rise this week

Philippines shares expected to rise this week

Philippines share prices are expected to build on gains next week as fears over higher interest rates, both here and abroad, slowly fade, dealers said Friday.
Published 03 Jul, 2006 12:00am
Hong Kong stocks seen lower on profit-taking

Hong Kong stocks seen lower on profit-taking

Hong Kong share prices are expected to trade lower on profit-taking next week after Friday's sharp gains before turning higher later, dealers said. They said the US Federal Reserve's latest statement, which sparked the upturn Friday, suggested it has soft
Published 03 Jul, 2006 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 69.49/69.82 (previous 69.49/69.82) Call Money Rates: 6.00-11.00 percent (previous 3.00-11.00 percent.
Published 03 Jul, 2006 12:00am
Tokyo shares seen rising on the Tankan

Tokyo shares seen rising on the Tankan

Japanese share prices are well placed to extend recent gains next week if the Bank of Japan's key Tankan business survey, due out Monday, meets upbeat expectations, dealers said Friday.
Published 03 Jul, 2006 12:00am
JGBs flat as rising stocks chip away early gains

JGBs flat as rising stocks chip away early gains

Japanese government bond (JGB) prices ended almost flat on Friday, with the benchmark futures holding just above a six-year low after their slim gains in morning trade were erased by jump in Japanese share prices.
Published 03 Jul, 2006 12:00am
JGBs flat as rising stocks chip away early gains

JGBs flat as rising stocks chip away early gains

Japanese government bond (JGB) prices ended almost flat on Friday, with the benchmark futures holding just above a six-year low after their slim gains in morning trade were erased by jump in Japanese share prices.
Published 03 Jul, 2006 12:00am
Malaysian shares likely to edge upwards

Malaysian shares likely to edge upwards

Malaysian share prices are expected to continue firmer in the coming week on a continuing recovery from oversold levels, dealers said Friday. They said that with the US Federal Reserve decision on interest rates out of the way and a hint that it will go s
Published 03 Jul, 2006 12:00am
Jakarta shares seen heading for another jittery week

Jakarta shares seen heading for another jittery week

The Indonesian stock market is expected to trade mixed in the coming week on lingering concerns about high interest rates and global economic uncertainty, analysts said Friday.
Published 03 Jul, 2006 12:00am
Canada and US finalise softwood lumber deal

Canada and US finalise softwood lumber deal

Canada and the United States finalised a deal to end a long-standing trade dispute over softwood lumber on Saturday after ironing out final details on the sidelines of World Trade Organisation talks in Geneva.
Published 03 Jul, 2006 12:00am
South Korean agency raises export growth forecast

South Korean agency raises export growth forecast

A government trade agency raised its forecast for South Korean exports on Sunday, saying it now expected growth of 12.5 percent in 2006 rather than 12 percent, thanks to the resilient global economy.
Published 03 Jul, 2006 12:00am
UAE to convert some reserves into euro

UAE to convert some reserves into euro

The United Arab Emirates is sticking with plans to convert up to 10 percent of its currency reserves into euros but is waiting for a trend to develop in the currency, the central bank said on Sunday.
Published 03 Jul, 2006 12:00am
Australia's Bluescope says China market is key

Australia's Bluescope says China market is key

Australia's BlueScope Steel Ltd, which last week cut its 2006 earnings forecast due to soaring raw material prices, said on Sunday China's booming construction market was the key to its success as a global player.
Published 03 Jul, 2006 12:00am
'Germany will breach European Union budget limit'

'Germany will breach European Union budget limit'

Germany's budget deficit will remain in breach of a European Union limit of three percent of gross domestic product (GDP) this year, a government source told Reuters on Sunday.
Published 03 Jul, 2006 12:00am
WTO's marathon man must turn sprinter to win deal

WTO's marathon man must turn sprinter to win deal

WTO chief Pascal Lamy, known for his love of long-distance running, will need sprinter-like speed if he is to get a breakthrough in snarled global free trade talks in the month or so that has been given.
Published 03 Jul, 2006 12:00am
Hong Kong business activity slows in June: PMI

Hong Kong business activity slows in June: PMI

Private business activity in Hong Kong slowed in June as the pace of new orders eased, notably from mainland China, a purchasing managers' index showed on Monday. The private sector did however still mark an 18th straight month of expansion and companies
Published 03 Jul, 2006 12:00am
Bangladesh expects limited SAFTA trade benefits

Bangladesh expects limited SAFTA trade benefits

Bangladesh does not expect much short-term benefit from the South Asia Free Trade Area (SAFTA) because non-tariff barriers will stop small countries selling goods to big neighbours, a Bangladeshi business body said on Sunday.
Published 03 Jul, 2006 12:00am
Slovak leftist says centre-rights threaten euro

Slovak leftist says centre-rights threaten euro

Slovakia's future leftist Prime Minister, Robert Fico, on Sunday accused the outgoing centre-right cabinet of causing high inflation and endangering euro adoption in the target year of 2009.
Published 03 Jul, 2006 12:00am
Croatia real estate booms as EU membership looms

Croatia real estate booms as EU membership looms

With European Union membership looming, Croatia's real estate market is booming as Europeans seek an affordable place in the sun and locals seek a fast profit.
Published 03 Jul, 2006 12:00am
Tunisia raises gasoline prices

Tunisia raises gasoline prices

Tunisia has raised domestic petrol prices by 5 percent, the third rise this year, to cut its energy budget deficit which has widened due to soaring imported oil costs, the government said on Sunday.
Published 03 Jul, 2006 12:00am
Petrobras ups investments through 2011 by 66 percent

Petrobras ups investments through 2011 by 66 percent

Brazil's state-run oil company, Petrobras, said on Saturday it would invest an average of $17.4 billion a year between 2007 and 2011, a 66 percent increase from its previous capital expenditure plan.
Published 03 Jul, 2006 12:00am
Al Qaeda threat to Britain 'brutal': MPs

Al Qaeda threat to Britain 'brutal': MPs

Al-Qaeda may well pose an increasingly brutal threat to Britain and the worsening security situation in Iraq is providing Islamic extremists with a crucial training ground, British MPs warned Sunday.
Published 03 Jul, 2006 12:00am
Iraq's 41 most wanted fugitives

Iraq's 41 most wanted fugitives

Iraq on Sunday released the list of its most wanted fugitives, including the wife and a daughter of former dictator Saddam Hussein. Six people on the new list figured on the original 55 most wanted "deck of cards" distributed by the Pentagon at the outset
Published 03 Jul, 2006 12:00am
Microsoft pushes back Office 2007 release

Microsoft pushes back Office 2007 release

Microsoft Corp said on June 29 it will delay the release of its Office 2007 business productivity software to improve product performance in the latest setback for the world's largest software maker.
Published 03 Jul, 2006 12:00am
Financing through CFS improves

Financing through CFS improves

Financing through CFS counter rose last week, which indicated improvement in confidence of investors following some improvement in share prices. The last weekend of the fiscal year FY06, on June 30, saw Rs 18.9 billion being financed through the KSE CFS m
Published 03 Jul, 2006 12:00am
Financing through CFS improves

Financing through CFS improves

Financing through CFS counter rose last week, which indicated improvement in confidence of investors following some improvement in share prices. The last weekend of the fiscal year FY06, on June 30, saw Rs 18.9 billion being financed through the KSE CFS m
Published 03 Jul, 2006 12:00am
Hewitt up for a 'dogfight' duel with Ferrer

Hewitt up for a 'dogfight' duel with Ferrer

Lleyton Hewitt said he was relishing the prospect of a "dogfight" with David Ferrer when the pair lock horns for a place in the Wimbledon quarter-finals on Monday.
Published 03 Jul, 2006 12:00am
Trueman was a fierce competitor: Gibbs

Trueman was a fierce competitor: Gibbs

Former West Indies off-spin great Lance Gibbs has described the late Fred Trueman as a great sportsman. The 71-year-old Gibbs, who became the second bowler after Trueman to claim 300 Test wickets, was reacting to the passing of the former England fast bow
Published 03 Jul, 2006 12:00am
West Indies strike back after Harbhajan triggers record low

West Indies strike back after Harbhajan triggers record low

Harbhajan Singh picked up five Test wickets in an innings for the 19th time to set it up, and captain Rahul Dravid hit his second half-century of the match to consolidate India's position of strength against West Indies in the fourth and final Test on Sat
Published 03 Jul, 2006 12:00am
French fans celebrate

French fans celebrate

Thousands of French people streamed onto the streets in jubilation on Saturday whooping for joy and honking car horns to celebrate their country's 1-0 win over holders Brazil in their World Cup quarter-final.
Published 03 Jul, 2006 12:00am
Zizou - the eternal genius of French football

Zizou - the eternal genius of French football

He was written off as past it, but Zinedine Zidane has proved them all wrong with a matchwinning display against Brazil that confirms his position as one of the greatest footballers of all time.
Published 03 Jul, 2006 12:00am
3,000 people to join sporting centenary celebrations

3,000 people to join sporting centenary celebrations

The former club of Portuguese football stars Luis Figo and Christiano Ronaldo celebrates its 100th birthday on Saturday. The omnisport club, best known for its football team that reached the UEFA Cup final in 2005, is expecting 3,000 people to join in its
Published 03 Jul, 2006 12:00am
Zidane slays Brazil a second time, say Brazilian media

Zidane slays Brazil a second time, say Brazilian media

"The executioner Zidane makes Brazil cry for a second time," was how Brazil's internet portal uol.com.br saw Saturday's quarter-final World Cup defeat by France. French midfielder Zinedine Zidane had already destroyed the South Americans in the 1998 final
Published 03 Jul, 2006 12:00am
Headingley faithful pay double England penalty

Headingley faithful pay double England penalty

Rarely can a misprint in a press release have proved so prophetic. Before England's World Cup quarter-final defeat against Portugal, officials at Headingley - where the England cricket team were playing Sri Lanka at the same time - issued a statement sayi
Published 03 Jul, 2006 12:00am
New device helps patients to grow back own teeth

New device helps patients to grow back own teeth

Scientists have created a device that can make human teeth grow back. The tiny ultrasound machine fits into a patient's mouth on a brace bracket or a removable plastic crown, where it gently massages gums and stimulates dental growth from the root.
Published 03 Jul, 2006 12:00am
CAFO near schools may pose asthma risk

CAFO near schools may pose asthma risk

Children who attend school near large-scale livestock farms known as concentrated animal feeding operations (CAFOs) may be at a higher risk for asthma, according to a new study by University of Iowa researchers.
Published 03 Jul, 2006 12:00am
Why are some men more aggressive than others?

Why are some men more aggressive than others?

Why are some men confrontational or break objects in fits of anger, while others appear to be more in control under similar circumstances? New study findings suggest the answer may involve genetic differences in combination with the men's early environmen
Published 03 Jul, 2006 12:00am
Change lifestyle and minimise risk of hypertension

Change lifestyle and minimise risk of hypertension

Persistent hypertension or high blood pressure is one of the risk factors for strokes, heart attacks, heart failure, renal diseases, blindness and many other ailments.
Published 03 Jul, 2006 12:00am
HEALTH UPDATE: study links pesticides with Parkinson's

HEALTH UPDATE: study links pesticides with Parkinson's

People with long-term, low-level exposure to pesticides have a 70 percent higher incidence of Parkinson's disease than people who have not been exposed much to bug sprays, US researchers reported on June 26.
Published 03 Jul, 2006 12:00am
HEALTH UPDATE: X-rays raise breast cancer risk in some women

HEALTH UPDATE: X-rays raise breast cancer risk in some women

X-rays may greatly raise the risk of breast cancer in women who are genetically susceptible to the disease, researchers reported on June 26. A study of women with genetic mutations known to cause breast cancer showed that having a chest X-ray could double
Published 03 Jul, 2006 12:00am
HEALTH UPDATE: yellow or amber-tinted sunglasses best

HEALTH UPDATE: yellow or amber-tinted sunglasses best

When picking out a pair of sunglasses this summer, it's best to avoid blue-tinted lenses and instead to choose yellow- or amber-tinted lenses, advises an eye researcher in New York.
Published 03 Jul, 2006 12:00am
HEALTH UPDATE: cell phone signals excite brain

HEALTH UPDATE: cell phone signals excite brain

Cell phone emissions excite the part of the brain cortex nearest to the phone, but it is not clear if these effects are harmful, Italian researchers reported on June 26.
Published 03 Jul, 2006 12:00am
Google launches online payment system

Google launches online payment system

Google launched a much-anticipated online payment system in the United States on June 29, in a move that could break PayPal's stranglehold on the market. The US Internet juggernaut touted Google Checkout as a way to make online shopping "faster, more conv
Published 03 Jul, 2006 12:00am
Nokia plans new mobile TV trial in Sweden

Nokia plans new mobile TV trial in Sweden

Mobile handset maker Nokia said on June 28 it would launch a commercial mobile TV trial with radio and TV operator Teracom in Sweden later this year.
Published 03 Jul, 2006 12:00am
PC users 'want greener machines'

PC users 'want greener machines'

Consumers are willing to pay up to an extra $197 for a PC containing fewer chemicals, a survey had found. People also felt manufacturers should take responsibility for the disposal of old machines, the research showed. So-called e-waste is a growing globa
Published 03 Jul, 2006 12:00am
Computers break down less often

Computers break down less often

Computers have become more reliable in recent years as manufacturers have improved designs, but one in every six new notebooks still needs to be repaired within a year after purchase, a survey found on June 27.
Published 03 Jul, 2006 12:00am
Nortel cuts 1,100 jobs, pension plan to trim costs

Nortel cuts 1,100 jobs, pension plan to trim costs

Nortel Networks Corp said on June 27 it will cut 1,100 jobs, or 3.2 percent of its workforce, and squeeze its pension plan to trim costs and improve margins as it struggles to regain profitability.
Published 03 Jul, 2006 12:00am
Foreigners scramble for China investment abroad

Foreigners scramble for China investment abroad

Dozens of foreign financial services firms, such as ABN AMRO, are vying to be part of China's plan to invest some of its growing wealth in overseas markets.
Published 03 Jul, 2006 12:00am
Goldman and other banks, gain from Mittal deal

Goldman and other banks, gain from Mittal deal

Five investment banks advising Mittal Steel on its 25.6 billion euro acquisition of rival Arcelor are set to reap fees and league table credit from the biggest deal in the steel sector.
Published 03 Jul, 2006 12:00am
Goldman and other banks, gain from Mittal deal

Goldman and other banks, gain from Mittal deal

Five investment banks advising Mittal Steel on its 25.6 billion euro acquisition of rival Arcelor are set to reap fees and league table credit from the biggest deal in the steel sector.
Published 03 Jul, 2006 12:00am
Banks see too much regulation as big risk: survey

Banks see too much regulation as big risk: survey

Regulatory overkill is the greatest risk facing the world's banks and financial services companies for the second year in a row, along with government meddling in free markets, according to a survey published on June 28.
Published 03 Jul, 2006 12:00am
The accidental developers - India's emerging elite

The accidental developers - India's emerging elite

In a rush to build shops, offices and houses worthy of a thriving economy, a new elite is emerging in India - young men asked to turn plots of family land into a property business.
Published 03 Jul, 2006 12:00am
UK watchdog forced to boost bonuses to keep staff

UK watchdog forced to boost bonuses to keep staff

Britain's financial services watchdog has had to boost bonus payments to retain employees in the face of fierce competition for staff from the banks and brokerages it regulates, its annual report revealed on June 27.
Published 03 Jul, 2006 12:00am
Nortel cuts 1,100 jobs, pension plan to trim costs

Nortel cuts 1,100 jobs, pension plan to trim costs

Nortel Networks Corp said on June 27 it will cut 1,100 jobs, or 3.2 percent of its workforce, and squeeze its pension plan to trim costs and improve margins as it struggles to regain profitability.
Published 03 Jul, 2006 12:00am
Darfur row divides Sudan government

Darfur row divides Sudan government

Veteran Sudanese President Omar al-Beshir's opposition to the deployment of UN peacekeepers to the devastated western region of Darfur has deeply divided a national unity government formed after a landmark peace deal last year.
Published 03 Jul, 2006 12:00am
Air India plane makes emergency landing

Air India plane makes emergency landing

An Air India plane with more than 160 passengers and crew aboard made an emergency landing at New Delhi's international airport Sunday, an official for the airline said. The Airbus A-310 reported engine trouble while travelling from the Saudi city of Jedd
Published 03 Jul, 2006 12:00am
Hamas vows revenge after Israel hits Prime Minister's office

Hamas vows revenge after Israel hits Prime Minister's office

Israel struck at the heart of the Palestinian government on Sunday, hitting the Gaza office of the Hamas prime minister in a new wave of air raids and warning it would use all its power to free a soldier captured by militants a week ago.
Published 03 Jul, 2006 12:00am
Annan presses AU to keep peacekeepers in Darfur

Annan presses AU to keep peacekeepers in Darfur

UN Secretary General Kofi Annan said Sunday he is working on extending the presence of the poorly-equipped African Union peacekeeping force in Darfur until the end of the year as he plans to deploy a UN force.
Published 03 Jul, 2006 12:00am
Previous Day