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Print - 2006-08-28
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 21 to 26, 2006).

Published 28 Aug, 2006 12:00am
Walk today

Walk today

According to information received here on Sunday, Parks and Horticulture Authority Lahore will hold a walk commencing from opposite Gymkhana Club Lahore and ending at Mian Mir Bridge 10:00 am on August 28. A large number of students of Defence Grammar Sch
Published 28 Aug, 2006 12:00am
Free camp

Free camp

A free camp for psychiatric patients with epilepsy was organised here at Ahbab Hospital Ravi Road. In the camp, over 200 patients were provided with the free psychic treatment facility. Dr Pramod Shyangwa from Nepal a visiting fellow to the Fountain House
Published 28 Aug, 2006 12:00am
Epidemic kills six in quake zone

Epidemic kills six in quake zone

At least six persons have been killed due to outbreak of stomach-related diseases in the quake-hit areas of Kashmir. The health authorities termed polluted water as the main cause of the epidemic diseases.
Published 28 Aug, 2006 12:00am
Efforts on to improve police station culture

Efforts on to improve police station culture

The provincial government after constructing 17 police stations at the cost Rs 269 million in the current fiscal year will hand these over to police in districts of Lahore, Hafiz Abad, Kasur, Bhakkar, Gujrat and Sargodha.
Published 28 Aug, 2006 12:00am
Environment and Murree gas project

Environment and Murree gas project

SNGPL is striving hard to play its important role for sustainable development taking shape in the country. By providing natural gas to areas like Murree another milestone has been achieved to minimise deforestation.
Published 28 Aug, 2006 12:00am
Transmission system, the backbone of gas industry

Transmission system, the backbone of gas industry

We are proud and thankful to Almighty Allah that for the first time in the history of Pakistan, SNGPL has constructed a transmission gas line up to the height of 6000 ft.
Published 28 Aug, 2006 12:00am
SNGPL distribution activities

SNGPL distribution activities

The Company's business strategy is to maximise sale of gas by entering into new areas through development/expansion of its infrastructure. In accordance with the policy of Government of Pakistan, the Company has focused on country's economic revival by ou
Published 28 Aug, 2006 12:00am
Scaling new heights - supply of natural gas to Murree Hills

Scaling new heights - supply of natural gas to Murree Hills

Last year on July 7, the Honourable President of Pakistan, General Pervez Musharraf made an announcement about a gas supply project for the residents of Murree and its adjoining areas. He announced the new project while addressing a public meeting at Lawr
Published 28 Aug, 2006 12:00am
SNGPL largest integrated gas company

SNGPL largest integrated gas company

SNGPL, since its 43 years of operation has become the largest integrated gas company serving in Pakistan with the principle activities of purchase, transmission and distribution on natural gas to consumers. Currently, SNGPL has more than 2.67 million cust
Published 28 Aug, 2006 12:00am
Message from Chairman SNGPL

Message from Chairman SNGPL

Sui Northern Gas Pipelines Limited has crossed another milestone in expanding its distribution network. Expansion of network to Muree Hills, reflects the excellence of SNGPL in technology and human resources, delivering gas to the doorsteps of ever increa
Published 28 Aug, 2006 12:00am
Message from Managing Director

Message from Managing Director

It gives me great pleasure to announce that natural gas pipeline to Murree has been completed ahead of schedule. Constructing Murree gas line through difficult hilly terrain has been professionally and physically demanding.
Published 28 Aug, 2006 12:00am
Message from Secretary Petroleum & Natural Resources

Message from Secretary Petroleum & Natural Resources

The supply of natural gas to Murree Hills is indeed a magnificent landmark that the present regime can genuinely be proud of this project which has been completed in record time under the directive of President General Pervez Musharraf will bring socio-ec
Published 28 Aug, 2006 12:00am
Message from Federal Minister for Petroleum & Natural Resources

Message from Federal Minister for Petroleum & Natural Resources

It has been a matter of great satisfaction and honour for the Ministry of Petroleum & Natural Resources for having successfully fulfilled another promise made to people of Murree by the present regime by providing them the sui gas facility.
Published 28 Aug, 2006 12:00am
Message from Chief Minister Punjab

Message from Chief Minister Punjab

It is a matter of pleasure that a special supplement is being published to mark the momentous occasion of supply of Sui gas to Muree. The first and foremost priority of any democratic government is to ensure that all its policies are directed towards achi
Published 28 Aug, 2006 12:00am
Message from Governor of Punjab

Message from Governor of Punjab

It is a matter of great joy for me to congratulate Sui Northern Pipeline Limited (SNGPL), its management its staff and the Government of Punjab on accomplishing the provision of natural gas to Murree; a project which has been under special focus of my off
Published 28 Aug, 2006 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

I am pleased to extend my heartiest felicitations to Sui Northern Gas Pipelines Limited (SNGPL) on the completion of their latest project; the supply of natural gas to Murree Hills.
Published 28 Aug, 2006 12:00am
Message from President Islamic Republic of Pakistan

Message from President Islamic Republic of Pakistan

On the historic occasion of the inauguration of Sui gas supply project to Murree I feel immense pleasure to extend my heartiest felicitations to the work-force and management of the SNGPL who accomplished this challenging task within a short span of time
Published 28 Aug, 2006 12:00am
US lead way into quarter-finals

US lead way into quarter-finals

Denver Nuggets' Carmelo Anthony poured in 20 points as the United States flexed their muscles, crushing Australia 113-73 to book their place in the world basketball championship quarter-finals on Sunday.
Published 28 Aug, 2006 12:00am
Hair breaks silence over quit offer

Hair breaks silence over quit offer

Australian umpire Darrell Hair says he conferred with some of cricket's most powerful officials before asking for a 500,000 US dollar payout to walk away from Test cricket, reports said on Sunday.
Published 28 Aug, 2006 12:00am
Woods surrenders lead with surprise collapse

Woods surrenders lead with surprise collapse

An unexpected collapse by four-times champion Tiger Woods threw the WGC-Bridgestone Invitational wide open after Saturday's third round. One ahead at the start of the day and ideally placed to push on and win his fourth consecutive PGA Tour title, the 30-
Published 28 Aug, 2006 12:00am
Aston Villa beat Newcastle United

Aston Villa beat Newcastle United

Aston Villa maintained their unbeaten start to the season on Sunday with a 2-0 win over Newcastle United who had their expensive new signing Obafemi Martins carried off on a stretcher on his debut.
Published 28 Aug, 2006 12:00am
Bettini surprises sprinters, Hushovd leads

Bettini surprises sprinters, Hushovd leads

Italian Paolo Bettini surprised cycling's top sprinters with a late surge to take stage two of the Tour of Spain on Sunday. The Olympic road race champion outgunned Norwegian Thor Hushovd in the bunch sprint that decided the sunbaked stage from Malaga to
Published 28 Aug, 2006 12:00am
Injured Hewitt braced for US Open pain barrier

Injured Hewitt braced for US Open pain barrier

Lleyton Hewitt's US Open prospects looked hazy as the Australian admitted Saturday he would carry a knee injury into the final Grand Slam of the season that starts here on Monday.
Published 28 Aug, 2006 12:00am
Ronaldinho to miss Barca opener

Ronaldinho to miss Barca opener

Ronaldinho will miss Barcelona's opening game of the Primera Liga season at Celta Vigo on Monday because of an injury picked up during his side's 3-0 European Super Cup defeat by Sevilla on Friday.
Published 28 Aug, 2006 12:00am
Briton Ramsay to face Kelly in US amateur final

Briton Ramsay to face Kelly in US amateur final

Richie Ramsay is in line to become Britain's first US amateur champion in 95 years after beating American Webb Simpson one up in the semi-finals at Hazeltine National in Chaska, Minnesota on Saturday.
Published 28 Aug, 2006 12:00am
Agassi to launch farewell US Open on Monday

Agassi to launch farewell US Open on Monday

Opening night of the US Open tennis championships on Monday will feature Andre Agassi launching the final Grand Slam campaign of his stellar career, the US Tennis Association confirmed on Saturday.
Published 28 Aug, 2006 12:00am
Alonso admits he was lucky to beat Schumacher

Alonso admits he was lucky to beat Schumacher

Defending drivers world champion Fernando Alonso of Spain admitted he was lucky that he was helped by the arrival of a safety car to beat Michael Schumacher in Sunday's Turkish Grand Prix.
Published 28 Aug, 2006 12:00am
ICC chief fears end for Hair as Test umpire

ICC chief fears end for Hair as Test umpire

International Cricket Council (ICC) chief executive Malcolm Speed believes that umpire Darrell Hair's Test career could be over after the controversy of the past week.
Published 28 Aug, 2006 12:00am
Suspect trading precedes many top US mergers: New York Times

Suspect trading precedes many top US mergers: New York Times

The securities of 41 percent of companies that received buyout bids in the last year showed abnormal and suspicious trading in the days and weeks before the deals became public, the New York Times reported in its Sunday edition, quoting a study of
Published 28 Aug, 2006 12:00am
European data to show fall in business confidence

European data to show fall in business confidence

Economic indicators for the eurozone to be released in the coming week will provide a snapshot of business and consumer confidence, inflation and unemployment in the 12-nation bloc.
Published 28 Aug, 2006 12:00am
China passes bankruptcy law, effective June 2007

China passes bankruptcy law, effective June 2007

China's parliament adopted a long-awaited corporate bankruptcy law on Sunday, aiming to protect both creditors and workers of bankrupt enterprises, Xinhua news agency reported.
Published 28 Aug, 2006 12:00am
French economic growth data soothes post-holiday blues

French economic growth data soothes post-holiday blues

September marks the end of the long summer break in France, but this year the post-holiday blues are expected to be lifted by news that French economy is growing at its fastest pace in years.
Published 28 Aug, 2006 12:00am
Japanese Prime Minister heads to Central Asia

Japanese Prime Minister heads to Central Asia

Japanese Prime Minister Junichiro Koizumi begins a trip to Kazakhstan and Uzebekistan from Monday, in a bid to secure rich energy resources in the region, where China and Russia are increasing their influence.
Published 28 Aug, 2006 12:00am
Egypt stocks stagnant as market awaits EFG news

Egypt stocks stagnant as market awaits EFG news

Egyptian shares were steady on Sunday as traders remained cautious a week ahead of EFG-Hermes's annual general meeting, which is to decide on whether to sell a 25 percent stake in the investment bank.
Published 28 Aug, 2006 12:00am
US cities deploy fish to ward off terrorists

US cities deploy fish to ward off terrorists

It's no bait-and-switch scam: a California company has deployed a crack team of Bluegill fish to guard America's drinking water from potential terror attacks.
Published 28 Aug, 2006 12:00am
Globalisation said no guarantee of low inflation

Globalisation said no guarantee of low inflation

When it comes to central bankers and their success in controlling inflation, past performance is no guarantee of future results, a top economist said on Saturday.
Published 28 Aug, 2006 12:00am
Horizon turns gloomier for bumpy US economy

Horizon turns gloomier for bumpy US economy

Instead of gliding to a smooth landing after years of sky-high growth, the US economy now looks set for a bumpy ride as the property market hits major turbulence.
Published 28 Aug, 2006 12:00am
No Karstadt deal on Thomas Cook yet: Lufthansa

No Karstadt deal on Thomas Cook yet: Lufthansa

German airline Deutsche Lufthansa on Saturday denied it had reached a deal with Karstadt Quelle over the sale of its stake in their Thomas Cook tourism joint venture to the German retailer. "There is definitely no agreement," a Lufthansa spokesman said on
Published 28 Aug, 2006 12:00am
At 80, Mr Playboy thanks his concubines

At 80, Mr Playboy thanks his concubines

At 80, Hugh Hefner, the famed founder of the adult media empire "Playboy," sings praises to three shapely young women who share his bed and his life and to whom he attributes his surprising vitality.
Published 28 Aug, 2006 12:00am
Iraqi businesses cling on, hoping for better times

Iraqi businesses cling on, hoping for better times

Mohammed Taha is a member of an endangered species - a wealthy businessman still living in Baghdad. But it isn't the risk that bothers him so much as being cheated. "In Iraq we have the worst corruption in the world. After the invasion and the Americans c
Published 28 Aug, 2006 12:00am
'K+S CFO eyes acquisitions in salt business'

'K+S CFO eyes acquisitions in salt business'

German salt and fertiliser maker K+S is looking at acquisitions and may consider taking out loans to help meet its strategic targets, finance head Norbert Steiner told the Boersen-Zeitung newspaper.
Published 28 Aug, 2006 12:00am
Lebanese economy risks recession in 2006

Lebanese economy risks recession in 2006

The Lebanese economy could go into recession in 2006 because of Israel's war with Hizbollah and its air and naval blockade of the country, Finance Minister Jihad Azour said on Sunday.
Published 28 Aug, 2006 12:00am
New test for glanders introduced

New test for glanders introduced

DO you know Glanders? Let's have a bird's eye view on this imperative disease. It is a serious zoonotic bacterial disease of the respiratory tract and skin, affecting mainly equids. It dates back to relic, described in Graeco-Roman times, and has caused h
Published 28 Aug, 2006 12:00am
Monsoon scares dwellers of low-lying areas

Monsoon scares dwellers of low-lying areas

Hundreds of thousands of Karachiites living in low-lying areas, especially near the banks of Malir and Lyari Rivers are living under a constant danger of inundation, as the Met Office has forecast that monsoon season might extend till September 15, 2006.
Published 28 Aug, 2006 12:00am
Beyond the feel-good factor

Beyond the feel-good factor

TREATMENT of vascular lesion, sun damaged skin, hair removal and acne treatment are some of the areas where laser gets a chance to show wonders. It is now an in-thing in the United States and Europe and slowly coming to Pakistan. In India it has already t
Published 28 Aug, 2006 12:00am
Climatic changes may lead to plague increase

Climatic changes may lead to plague increase

Climatic changes could lead to more outbreaks of bubonic plague among human populations. Up to 3,000 cases of plague are reported each year and researchers found that the bacterium that caused the deadly disease became more widespread following warmer spr
Published 28 Aug, 2006 12:00am
HEALTH UPDATED: 'Yoghurt' chewing gum aims to tackle tooth decay

HEALTH UPDATED: 'Yoghurt' chewing gum aims to tackle tooth decay

A chewing gum, which uses "good bacteria" to help prevent tooth decay, could be in the shops as early as next year. Tooth decay happens when streptococcus mutans bacteria stick to the surface of teeth, producing an acid that eats away at the protective en
Published 28 Aug, 2006 12:00am
HEALTH UPDATED: coffee could lead to heart attack

HEALTH UPDATED: coffee could lead to heart attack

That morning cup of coffee may be enough to trigger a first-time heart attack in vulnerable people, a study suggests. Researchers found that among middle-aged and older adults, light to moderate coffee drinkers had an elevated risk of heart attack in the
Published 28 Aug, 2006 12:00am
HEALTH UPDATED: ferocious ants bite like a bullet

HEALTH UPDATED: ferocious ants bite like a bullet

Trap-jaw ants bite with a force of over 300 times their own bodyweight, new high-speed digital images have shown. Their jaws spring shut at more than 100 km/h (62mph) - the fastest recorded speed at which an animal can move its predatory body parts, BBC T
Published 28 Aug, 2006 12:00am
HEALTH UPDATED: study says people get happier with age

HEALTH UPDATED: study says people get happier with age

A psychology professor in Missouri says it appears people get happier with age. Kennon Sheldon, professor of psychological sciences at the University of Missouri-Columbia, found older people are more able to pursue goals they enjoy and believe in, helping
Published 28 Aug, 2006 12:00am
HEALTH UPDATED: study shows lens solution risk

HEALTH UPDATED: study shows lens solution risk

Users of a contact lens solution which was recently withdrawn from the Irish and world-wide markets were more than 20 times as likely to develop a serious eye infection as non-users, according to a new study.
Published 28 Aug, 2006 12:00am
Dell says chief executive has 'full support' of its founder

Dell says chief executive has 'full support' of its founder

Dell Inc said on August 22 that the Chief Executive Kevin Rollins continues to enjoy the "full support" of founder and Chairman Michael Dell despite suggestions by some analysts that the world's No 1 personal computer maker needs new leadership to revive
Published 28 Aug, 2006 12:00am
VoIP to boost Aztech growth

VoIP to boost Aztech growth

Singapore's Aztech Systems Ltd, which makes computer peripherals and telecoms equipment, expects sales and earnings to grow 25-30 percent a year over the next few years, on robust demand for broadband and Web-based phone gear.
Published 28 Aug, 2006 12:00am
VoIP to boost Aztech growth

VoIP to boost Aztech growth

Singapore's Aztech Systems Ltd, which makes computer peripherals and telecoms equipment, expects sales and earnings to grow 25-30 percent a year over the next few years, on robust demand for broadband and Web-based phone gear.
Published 28 Aug, 2006 12:00am
China plans mobile TV trials a year ahead of Olympics

China plans mobile TV trials a year ahead of Olympics

Next year China will launch trials of its own technology to enable television broadcasts on mobile phones, with a national roll-out planned ahead of the 2008 Olympics, state media said August 21.
Published 28 Aug, 2006 12:00am
Cisco to buy Arroyo Video for $92 million

Cisco to buy Arroyo Video for $92 million

Cisco Systems Inc said on August 22 that it will buy video-ona-demand software maker Arroyo Video Solutions Inc for $92 million, marking Cisco's latest push into the consumer entertainment market.
Published 28 Aug, 2006 12:00am
Lawson wants regional sales jump

Lawson wants regional sales jump

Lawson Software Inc, which claims to be the world's third-largest developer of software to help run businesses, hopes to boost Asian revenue to nearly $100 million in two years from near-zero before it bought Sweden's Intentia in April.
Published 28 Aug, 2006 12:00am
Lawson wants regional sales jump

Lawson wants regional sales jump

Lawson Software Inc, which claims to be the world's third-largest developer of software to help run businesses, hopes to boost Asian revenue to nearly $100 million in two years from near-zero before it bought Sweden's Intentia in April.
Published 28 Aug, 2006 12:00am
Fuji Film to set up China LCD filter venture

Fuji Film to set up China LCD filter venture

Japan's Fuji Photo Film Co and China's SVA Electron Co Ltd will together spend $270 million to make colour filters used in liquid-crystal displays, Fuji Photo said on August 22.
Published 28 Aug, 2006 12:00am
Chip makers gain on flash-memory chip recovery hopes

Chip makers gain on flash-memory chip recovery hopes

South Korean chip makers such as Samsung Electronics gained on Friday amid expectations for a turnaround in flash-memory chip prices, as makers of portable electronic gadgets are seen increasing orders in the second half.
Published 28 Aug, 2006 12:00am
Microsoft sues 'cybersquatters' for infringement

Microsoft sues 'cybersquatters' for infringement

Microsoft Corp said on August 22 that it has filed two lawsuits against so-called "cybersquatters" or "typosquatters" who use the company's product names to profit illegally from online advertising.
Published 28 Aug, 2006 12:00am
UK's iSoft falls on critical software report

UK's iSoft falls on critical software report

Shares of troubled healthcare software firm iSoft fell again on August 22 following a newspaper report of a critical review of the firm by two of the consultancies managing a 6.2 billion pound ($11.7 billion) IT upgrade for Britain's public health service
Published 28 Aug, 2006 12:00am
Four Nokia-Siemens units to be run from Germany

Four Nokia-Siemens units to be run from Germany

Nokia said on August 25 that four out of the six business units that will make up its new telecoms networks business with Siemens will be run from Germany.
Published 28 Aug, 2006 12:00am
Apple recalls 1.8 million PC batteries made by Sony

Apple recalls 1.8 million PC batteries made by Sony

Apple Computer Inc will recall 1.8 million lithium-ion notebook PC batteries after nine overheated, the second major recall in the past 10 days involving battery cells made by Sony Corp.
Published 28 Aug, 2006 12:00am
Inter-Tel former chief executive

Inter-Tel former chief executive

Former Inter-Tel Inc Chief Executive Officer Steven Mihaylo on August 22 said that his bid to buy the communications technology company is firm, and rejected what he called "media and other inquiries" suggesting that his offer is conditioned on factors ot
Published 28 Aug, 2006 12:00am
Barco to sell prints

Barco to sell prints

Belgian display and visual systems company Barco said on August 22 that it would sell its electronic manufacturing units and prints business. No financial details were disclosed.
Published 28 Aug, 2006 12:00am
Softbank plans to hire executive of Qualcomm

Softbank plans to hire executive of Qualcomm

Softbank Corp said on August 22 that it plans to hire an executive of Qualcomm Inc to help rebuid the mobile phone unit it bought from Vodafone Group Plc.
Published 28 Aug, 2006 12:00am
Iliad's move

Iliad's move

France's second-largest consumer broadbank provider, Iliad, on August 22 launched flat-rate offer for high-speed access plus telephony, in a move to increase competition in the French telecoms market.
Published 28 Aug, 2006 12:00am
Hynix sees NAND price fall

Hynix sees NAND price fall

Hynix Semiconductor Inc expects a fall in the price of NAND flash memory chips to slow sharply in the third quarter and its DRAM chip price to rise at a faster pace, an executive told Reuters on August 22.
Published 28 Aug, 2006 12:00am
Sandisk to cut prices to battle Apple's iPod

Sandisk to cut prices to battle Apple's iPod

Sandisk Corp is expected to announce product enhancements and price cuts on Monday aimed at attracting interest in its digital music player, which competes with Apple Computer Inc's iPod, the Wall Street Journal said in a report that quoted Sandisk's CEO.
Published 28 Aug, 2006 12:00am
Music, cameras boost Finnish July cellphone sales

Music, cameras boost Finnish July cellphone sales

Wholesale deliveries of mobile phones to retailers in Finland rose 22 percent year-on-year in July, boosted by high demand for music and camera phones, the main industry organisation said on August 22.
Published 28 Aug, 2006 12:00am
Ericsson inks network deal in Malaysia

Ericsson inks network deal in Malaysia

Telecom equipment maker Ericsson said on August 21 that it had signed a deal to build and manage a WCDMA/HSPA telecom network for MiTV Corporation in Malaysia.
Published 28 Aug, 2006 12:00am
In Short: Nokia signs deal with Telenor

In Short: Nokia signs deal with Telenor

Nokia said on August 21 that it had signed a global 2-year frame agreement for cellular transmission technology and services with Norway's Telenor.
Published 28 Aug, 2006 12:00am
Tata group to invest $25.8 billion in coming years

Tata group to invest $25.8 billion in coming years

India's Tata group plans to invest 1.20 trillion rupees ($25.8 billion) in the next three to five years in telecommunications, steel, chemicals, power and other industries, a group official said on August 24.
Published 28 Aug, 2006 12:00am
Wal-Mart's Japan unit plunges deeper into red

Wal-Mart's Japan unit plunges deeper into red

Struggling Japanese retailer Seiyu, a subsidiary of US giant Wal-Mart, said on August 22 that its losses soared fivefold in the first half of 2006 because of disappointing sales and restructuring costs.
Published 28 Aug, 2006 12:00am
CCB to buy Bank of America Hong Kong unit

CCB to buy Bank of America Hong Kong unit

China Construction Bank (CCB), the country's third-largest lender, said on August 24 it would buy Bank of America's small Hong Kong and Macau operations for HK$9.71 billion (US $1.24 billion) as it expands beyond mainland China, and did not rule out furth
Published 28 Aug, 2006 12:00am
IBM eyes China expansion amid strong growth

IBM eyes China expansion amid strong growth

IBM, the world's biggest computer-services firm, said on August 23 that it could open four offices annually in second-tier Chinese cities in coming years to take advantage of robust growth and a deep talent pool.
Published 28 Aug, 2006 12:00am
Mizuho Securities demands $350 million from bourse

Mizuho Securities demands $350 million from bourse

Japan's Mizuho Securities has demanded $350 million in compensation from the Tokyo Stock Exchange in connection with a massive trading error last December, the head of the exchange said on August 22.
Published 28 Aug, 2006 12:00am
Mizuho Securities demands $350 million from bourse

Mizuho Securities demands $350 million from bourse

Japan's Mizuho Securities has demanded $350 million in compensation from the Tokyo Stock Exchange in connection with a massive trading error last December, the head of the exchange said on August 22.
Published 28 Aug, 2006 12:00am
Lucent, Alcatel seek US approval of merger

Lucent, Alcatel seek US approval of merger

Lucent Technologies Inc on August 23 said that it filed a formal notice to the Committee on Foreign Investment in the United States seeking approval for its $10.4 billion purchase by France's Alcatel.
Published 28 Aug, 2006 12:00am
Intesa, Sanpaolo deal to redraw Italy bank landscape

Intesa, Sanpaolo deal to redraw Italy bank landscape

Banca Intesa and Sanpaolo IMI's plan to create Europe's 10th-largest bank could prompt the exit of Spain's Santander as a shareholder and trigger other deals for Italian banks, analysts said.
Published 28 Aug, 2006 12:00am
ABN Amro to join ING

ABN Amro to join ING

Dutch bank ABN Amro is set to join ING Group and J. P Morgan Chase in seeking to capitalise on South Korea's $230 billion asset management market, the head of ABN's South Korean operations told Reuters on August 22.
Published 28 Aug, 2006 12:00am