AGL 40.03 Increased By ▲ 0.02 (0.05%)
AIRLINK 129.31 Increased By ▲ 2.31 (1.82%)
BOP 6.80 Increased By ▲ 0.11 (1.64%)
CNERGY 4.64 Increased By ▲ 0.13 (2.88%)
DCL 8.63 Decreased By ▼ -0.01 (-0.12%)
DFML 40.95 Decreased By ▼ -0.09 (-0.22%)
DGKC 85.74 Increased By ▲ 0.13 (0.15%)
FCCL 33.00 Decreased By ▼ -0.11 (-0.33%)
FFBL 66.53 Increased By ▲ 0.43 (0.65%)
FFL 11.46 Decreased By ▼ -0.09 (-0.78%)
HUBC 110.58 Decreased By ▼ -0.53 (-0.48%)
HUMNL 14.63 Decreased By ▼ -0.19 (-1.28%)
KEL 5.24 Increased By ▲ 0.07 (1.35%)
KOSM 8.11 Increased By ▲ 0.45 (5.87%)
MLCF 40.07 Decreased By ▼ -0.14 (-0.35%)
NBP 60.51 No Change ▼ 0.00 (0%)
OGDC 195.47 Increased By ▲ 1.37 (0.71%)
PAEL 27.10 Increased By ▲ 0.38 (1.42%)
PIBTL 7.64 Increased By ▲ 0.27 (3.66%)
PPL 155.82 Increased By ▲ 2.03 (1.32%)
PRL 27.37 Increased By ▲ 1.16 (4.43%)
PTC 18.56 Increased By ▲ 1.38 (8.03%)
SEARL 85.10 Decreased By ▼ -0.50 (-0.58%)
TELE 7.90 Increased By ▲ 0.33 (4.36%)
TOMCL 34.88 Increased By ▲ 0.49 (1.42%)
TPLP 9.22 Increased By ▲ 0.40 (4.54%)
TREET 16.81 Decreased By ▼ -0.01 (-0.06%)
TRG 62.86 Increased By ▲ 0.31 (0.5%)
UNITY 27.75 Increased By ▲ 0.46 (1.69%)
WTL 1.30 No Change ▼ 0.00 (0%)
BR100 10,184 Increased By 72.7 (0.72%)
BR30 31,403 Increased By 215 (0.69%)
KSE100 95,857 Increased By 861 (0.91%)
KSE30 29,683 Increased By 201.6 (0.68%)
Print - 2006-09-05
Baloch leaders assure full support to Musharraf

Baloch leaders assure full support to Musharraf

President General Pervez Musharraf on Monday said the government stands for the rights of Balochistan and its people, and did not rule out possibility of foreign hand in creating law and order problems in certain areas of the province.
Published 05 Sep, 2006 12:00am
Nasrin calls for placing traffic police under CDGK

Nasrin calls for placing traffic police under CDGK

The City Naib Nazim Karachi, Nasrin Jalil, has called for placement of Traffic Police under the city district government Karachi (CDGK), saying that by-laws in this regard are being prepared and a resolution will also be tabled before the City Council soo
Published 05 Sep, 2006 12:00am
Oil cake market rates

Oil cake market rates

Downward trend was seen on the forward cottonseed oilcake market on Monday as supplies eased from upcountry markets, dealers said. The December vaida was unchanged at Rs 537.50. In the process of trading it quoted highest at Rs 535.50.
Published 05 Sep, 2006 12:00am
Cotton spot rate gains Rs 50 on strong demand

Cotton spot rate gains Rs 50 on strong demand

Spot rate was higher on the cotton market on Monday as mills made fresh purchasing despite upward trend, brokers said. The Karachi Cotton Association (KCA) official spot rate commenced the week on a firm note, showing fresh gain of Rs 50 to Rs 2625, witho
Published 05 Sep, 2006 12:00am
London coffee futures rise

London coffee futures rise

London robusta coffee futures rose 5 percent on trade buying on Monday to the front-month's highest in more than 7-1/2 years, dealers said. "It looks like there are some people who haven't fixed their September positions...It looks like it could be trade,
Published 05 Sep, 2006 12:00am
Ukraine ministry seeks controls on wheat sales

Ukraine ministry seeks controls on wheat sales

Ukraine's Economy Ministry has proposed that the government introduce milling wheat export licences in 2006 to prevent excessive sales. The ministry, in a weekend statement, said the current pace of signing milling wheat export deals had exceeded last yea
Published 05 Sep, 2006 12:00am
Ivorian cocoa arrivals seen up

Ivorian cocoa arrivals seen up

Cocoa arrivals at ports in Ivory Coast reached 1.333 million tonnes between October 1, 2005 and September 3, 2006, according to a rough estimate by major exporters on Monday. That compared with around 1.290 million tonnes delivered to ports in the same pe
Published 05 Sep, 2006 12:00am
Chinese smelters see alumina prices to fall further

Chinese smelters see alumina prices to fall further

Chinese aluminium smelters, expecting alumina prices to fall further, are reluctant to build inventories of the raw material even though prices have plunged 36 percent in the past two months, industry officials said on Monday.
Published 05 Sep, 2006 12:00am
Japan steel firms seen raising

Japan steel firms seen raising

Japan's top three steel makers, including world No 3 Nippon Steel Corp, are expected to slightly raise their profit forecasts on Thursday to reflect a sharp recovery in export prices amid a sign of weakening in China's steel market.
Published 05 Sep, 2006 12:00am
South African diamond cutting sector slumps

South African diamond cutting sector slumps

South Africa's diamond cutting firms are shedding jobs as they grapple with squeezed margins in a sector the government hoped would expand and create more employment. Sector officials told Reuters on Monday nearly a fifth of cutting and polishing jobs had
Published 05 Sep, 2006 12:00am
Russia sees 73 million tonnes grain crop

Russia sees 73 million tonnes grain crop

Russia expects a grain crop of 73 million tonnes this year, down from 78.2 million in 2005, and 10 million tonnes of the crop will be exported in the 2006/07 season, Agriculture Minister Alexei Gordeyev said on Monday.
Published 05 Sep, 2006 12:00am
Mitsubishi sees world aluminium surplus in 2007

Mitsubishi sees world aluminium surplus in 2007

The world aluminium market is expected to turn from deficit to surplus next year, as expansion in global supply will likely outpace growth in demand, a unit of Japanese trading firm Mitsubishi Corp said on Monday.
Published 05 Sep, 2006 12:00am
Mitsubishi sees world aluminium surplus in 2007

Mitsubishi sees world aluminium surplus in 2007

The world aluminium market is expected to turn from deficit to surplus next year, as expansion in global supply will likely outpace growth in demand, a unit of Japanese trading firm Mitsubishi Corp said on Monday.
Published 05 Sep, 2006 12:00am
Turkey's gold imports fall in August

Turkey's gold imports fall in August

Turkey's gold imports fell 18.5 percent year-on-year to 22 tonnes in August but more than doubled over July, the Istanbul Gold Exchange said in its website on Monday. August imports marked the second highest monthly level in 2006.
Published 05 Sep, 2006 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Monday but the premium to fuel oil cargo values strengthened to above $8 a tonne as sellers continued to hold offers at high levels.
Published 05 Sep, 2006 12:00am
Indian Reliance books VLCC from East Coast Mexico

Indian Reliance books VLCC from East Coast Mexico

Indian refiner Reliance Industries Ltd has booked a Very Large Crude Carrier (VLCC) to carry 2 million barrels of crude oil on a rare voyage to India from the East Coast of Mexico, shipbrokers said on Monday. The Safwa, a 270,000-deadweight double-hulled
Published 05 Sep, 2006 12:00am
Jordan seeks to buy feed barley

Jordan seeks to buy feed barley

Jordan's state grains buyer has issued an international tender to purchase 100,000 tonnes of feed barley, European traders said on Monday. Origin was optional. Some 50,000 tonnes was for shipment in the first half of October and 50,000 in the second half
Published 05 Sep, 2006 12:00am
Modest trading on grain market

Modest trading on grain market

Thin business was seen on the grain market on Monday as most of the commodity items maintained their previous levels due to good arrivals from upcountry centres, dealers said.
Published 05 Sep, 2006 12:00am
Tea prices mixed on Jodia Bazar

Tea prices mixed on Jodia Bazar

The trading in tea sector closed mixed on Jodia Bazar here on Monday. The following changes were noted.
Published 05 Sep, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 48,555 tonnes of cargo including 42,238 tonnes import, 6,317 tonnes export cargo and 1,875 containers during last 24 hours ending at 0700 hours on Monday. The cargo comprised of 28,555 tonnes dry cargo including 18,999 tonnes gene
Published 05 Sep, 2006 12:00am
Tokyo gold down by weak oil

Tokyo gold down by weak oil

Tokyo gold futures fell modestly on Monday after failing to break above a closely watched technical level as a firmer yen and falling oil prices prompted selling by speculators in a lightly traded market.
Published 05 Sep, 2006 12:00am
Silver approaches $13

Silver approaches $13

Silver rose to its highest level in more than three months on Monday as speculative buying spilled into Asia, while gold firmed on the back of a weaker dollar. Silver has rebounded more than 30 percent since falling to a four-month low of $9.38 an ounce i
Published 05 Sep, 2006 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin closed up $40 on Monday, boosted by higher prices on the London Metals Exchange (LME), one dealer said.
Published 05 Sep, 2006 12:00am
Taiwan millers to seek US wheat

Taiwan millers to seek US wheat

Taiwan's Flour Mills Association will hold a tender to buy a total of 98,350 tonnes of US wheat in two shipments on Wednesday, a group source said on Monday. The shipments would include dark northern spring (DNS), hard red winter (HRW) and white wheat (WW
Published 05 Sep, 2006 12:00am
Oil firms under $70, trade muted on US holiday

Oil firms under $70, trade muted on US holiday

Oil prices firmed on Monday after a slide under $70 as dealers braced for several weeks of inaction on Iran's nuclear dispute with the West. US light sweet crude traded up 30 cents at $69.49 a barrel, after falling $1.07 on Friday. London Brent crude held
Published 05 Sep, 2006 12:00am
Copper rises, nickel edges down

Copper rises, nickel edges down

Copper prices rebounded on Monday to recover last week's late losses, sparked when striking workers at the world's largest copper mine agreed to go back to work. Copper for delivery in three months on the London Metal Exchange had risen $130, or 1.7 perce
Published 05 Sep, 2006 12:00am
Thai sugar premiums under pressure

Thai sugar premiums under pressure

Raw sugar premiums in Thailand, Asia's biggest exporter, were lower on Monday and expected to remain under pressure in the next few days as overseas demand is sluggish, traders said. "Buyers from Taiwan and Vietnam have been checking prices. I doubt that
Published 05 Sep, 2006 12:00am
South Korea likely to buy corn

South Korea likely to buy corn

South Korean corn importers are likely to continue to seek grain for arrival in December, while Japanese buying is expected to be slow after heavy purchases last week, traders said on Monday.
Published 05 Sep, 2006 12:00am
India allows duty-free wheat import by private players

India allows duty-free wheat import by private players

India's federal government on Monday allowed duty-free wheat imports by private trade to stem rising prices and augment market supplies. "As of today there is no duty on imports of wheat," Farm Minister Shared Pawar told reporters on the sidelines of a fi
Published 05 Sep, 2006 12:00am
Tokyo rubber ends limit down

Tokyo rubber ends limit down

The key Tokyo rubber futures contract on Monday closed down by its daily limit because of a firmer yen and softer crude oil prices, and traders said the market was likely to stay weak given ample long-term supplies.
Published 05 Sep, 2006 12:00am
Malaysian palm oil futures lower

Malaysian palm oil futures lower

Malaysian crude palm oil futures closed lower in thin trade on Monday, dragged down by lower prices of rival soyaoil. "Soyaoil had a bearish impact on the market," said one dealer. "The November contract broke the important support level of 1,580 ringgit,
Published 05 Sep, 2006 12:00am
Libya plans huge free trade zone on coast

Libya plans huge free trade zone on coast

Libya, whose leader Muammar Gaddafi last week berated his fellow countrymen for their over-reliance on oil, plans to set up a huge free trade zone to boost its industry and trade, the government said on Monday.
Published 05 Sep, 2006 12:00am
Aegon, Citigroup in $51 billion investment pool

Aegon, Citigroup in $51 billion investment pool

Dutch insurer Aegon NV said on Monday it will pool its investment activities into a single 40 billion euro ($51 billion) fund platform to be serviced by US bank Citigroup.
Published 05 Sep, 2006 12:00am
'Rule of law essential for integrating Arab economies'

'Rule of law essential for integrating Arab economies'

Integrating Arab nations into the world economy depends on reinforcing the rule of law and diminishing corruption within each country, Algerian President Abdelaziz Bouteflika said Monday.
Published 05 Sep, 2006 12:00am
China to close over 4,800 coal mines

China to close over 4,800 coal mines

China plans to shut down over 4,800 unsafe small coal mines by the end of next year as part of a major government push to improve the industry's deplorable safety standards, state media said Monday.
Published 05 Sep, 2006 12:00am
Putin agrees with Greece, Bulgaria on pipeline

Putin agrees with Greece, Bulgaria on pipeline

Russia, Greece and Bulgaria agreed to end years of disputes on Monday and launch a long delayed trans-Balkan oil pipeline linking the Black Sea to the Aegean. Russian President Vladimir Putin and Greek Prime Minister Costas Karamanlis told reporters the 7
Published 05 Sep, 2006 12:00am
Mobile firms develop new, faster 4G technology

Mobile firms develop new, faster 4G technology

Global mobile operators and device makers are betting that the next level of transmission technology will ramp up mobile phone usage in a way that third-generation technology has so far failed to do.
Published 05 Sep, 2006 12:00am
World-wide hiring to be freezed

World-wide hiring to be freezed

European planemaker Airbus has decided to freeze hiring world-wide "until further notice", French daily La Tribune reported on Monday. Its new president Christian Streiff is currently reviewing all the group's programmes and will take decisions in October
Published 05 Sep, 2006 12:00am
ECB facing political pressure to go slow on interest rates

ECB facing political pressure to go slow on interest rates

European Central Bank President Jean-Claude Trichet faced renewed political pressure on Monday to steer clear of hasty interest rate rises, which lawmakers fear could stifle the eurozone's economic revival.
Published 05 Sep, 2006 12:00am
Eurozone producer prices hit 10-year high

Eurozone producer prices hit 10-year high

Industrial producer prices in the eurozone are rising quickly even outside the energy sector, their traditional booster, reinforcing the case for the European Central Bank to increase interest rates further.
Published 05 Sep, 2006 12:00am
Airbus replaces A380 chief during key flight

Airbus replaces A380 chief during key flight

Planemaker Airbus replaced the head of its troubled A380 programme on Monday, casting a shadow over attempts to celebrate the superjumbo's first test flight involving real passengers - 474 volunteer Airbus staff.
Published 05 Sep, 2006 12:00am
Nokia reorganises corporate support platforms

Nokia reorganises corporate support platforms

Nokia said on Monday it is reorganising its corporate support platforms in preparation for the already announced merger of its telecoms networks unit with that of Siemens.
Published 05 Sep, 2006 12:00am
Iraq oil flow to Turkey halted

Iraq oil flow to Turkey halted

The flow of oil from Iraq's northern fields along the vulnerable pipeline to Turkey halted early on Sunday, an Iraqi oil ministry source said on Monday. The flow stopped after Turkish officials told Iraq that storage at Turkey's Ceyhan terminal was full,
Published 05 Sep, 2006 12:00am
Asians get rich quicker than Britons: study

Asians get rich quicker than Britons: study

Asian entrepreneurs in Britain generate wealth three times as efficiently as the national average, according to a business study released Monday. Asian wealth increased by 69 percent compared to an overall gross domestic growth of 22.8 percent between 199
Published 05 Sep, 2006 12:00am
Philips' chip unit to invest in India

Philips' chip unit to invest in India

The semiconductor business unit of Philips Electronics will invest 250 million euros ($321.4 million) in India over the next five years to boost research and sales activities, an official said on Monday.
Published 05 Sep, 2006 12:00am
China's ICBC to cut its IPO by 15 percent

China's ICBC to cut its IPO by 15 percent

The Industrial and Commercial Bank of China (ICBC), the nation's top lender, is expected to cut its initial public offering (IPO) by three billion shares to 17 billion shares, state media said on Monday.
Published 05 Sep, 2006 12:00am
China's ICBC to cut its IPO by 15 percent

China's ICBC to cut its IPO by 15 percent

The Industrial and Commercial Bank of China (ICBC), the nation's top lender, is expected to cut its initial public offering (IPO) by three billion shares to 17 billion shares, state media said on Monday.
Published 05 Sep, 2006 12:00am
Jakarta stocks rise

Jakarta stocks rise

Jakarta share prices closed 1.74 percent stronger on Monday, with sentiment boosted by hopes that Bank Indonesia will further cut the BI policy rate at its upcoming board meeting, dealers said.
Published 05 Sep, 2006 12:00am
Malaysian shares up

Malaysian shares up

Malaysian share prices closed 0.78 percent higher on Monday in thin trade supported by interest in plantation and mining stocks on hopes of stronger earnings growth next year, dealers said.
Published 05 Sep, 2006 12:00am
Thai stocks make gains

Thai stocks make gains

Thai share prices closed 1.02 percent higher on Monday, breaking the 700-point mark as investors anticipated no change to interest rates later this week, dealers said. They said investors also chased gains in blue chip stocks as oil prices dropped amid ea
Published 05 Sep, 2006 12:00am
Hong Kong shares hit six-year peak

Hong Kong shares hit six-year peak

Hong Kong stocks rose 0.52 percent to a six-year closing high on Monday as the latest US employment report reinforced expectations that the Federal Reserve would keep interest rates steady this month.
Published 05 Sep, 2006 12:00am
Japanese government bonds fall before auction

Japanese government bonds fall before auction

Japanese government bond prices fell on Monday after strong data on corporate spending, while investors also turned cautious ahead of a 10-year bond auction and a news conference by Bank of Japan Governor Toshihiko Fukui later in the week.
Published 05 Sep, 2006 12:00am
Japanese government bonds fall before auction

Japanese government bonds fall before auction

Japanese government bond prices fell on Monday after strong data on corporate spending, while investors also turned cautious ahead of a 10-year bond auction and a news conference by Bank of Japan Governor Toshihiko Fukui later in the week.
Published 05 Sep, 2006 12:00am
Seoul stocks hit new three-month high

Seoul stocks hit new three-month high

South Korean shares edged up on Monday to their highest close since mid-May, led by exporters such as Hyundai Motor after stronger-than-expected US jobs data raised hopes the world's largest economy would avoid a hard landing.
Published 05 Sep, 2006 12:00am
Philippines shares climb

Philippines shares climb

Philippines share prices closed stronger for a third-straight session on Monday, rising 1.79 percent to a three-week high as concerns over inflation eased on the back of the peso's gains against the dollar, dealers said.
Published 05 Sep, 2006 12:00am
Taiwan stocks soar

Taiwan stocks soar

Taiwan stocks ended up 1.49 percent at a three-month high on Monday, as gains on Wall Street fanned optimism of solid growth for technology heavyweights such as Hon Hai Precision Industry Co.
Published 05 Sep, 2006 12:00am
Chinese shares jump

Chinese shares jump

China shares closed 1.27 percent higher on Monday, recovering from a 1.3 percent loss on Friday. Airline stocks led the rise after international oil prices fell below $70 per barrel. China Eastern Airlines jumped 7.44 percent to 2.60 yuan after falling fo
Published 05 Sep, 2006 12:00am
Indian shares up on local fund buying

Indian shares up on local fund buying

Indian share prices closed up 1.16 percent on Monday on strong local fund buying in benchmark index companies and on lower oil prices, dealers said. They said trading volume remained low however, suggesting some weakness ahead as the 30-share Sensex index
Published 05 Sep, 2006 12:00am
Singapore stocks close 1.16 percent firmer

Singapore stocks close 1.16 percent firmer

Singapore shares prices closed 1.16 percent higher on Monday, buoyed by gains in regional markets and Wall Street last week due to lower crude oil prices, dealers said. The Straits Times Index (STI) rose 28.96 points to 2,520.45. Volume was 898.78 million
Published 05 Sep, 2006 12:00am
Tokyo stocks finish firmer

Tokyo stocks finish firmer

The Nikkei average rose 1.39 percent on Monday, hitting its highest levels in more than three months, as investors looked to manufacturers such as Canon Inc, after a US jobs report eased worries about Japan's major export market.
Published 05 Sep, 2006 12:00am
Indian rupee ends at seven-week high

Indian rupee ends at seven-week high

The Indian rupee closed at a seven-week high on Monday as the strength of the Japanese yen and Chinese yuan prompted traders to unwind long dollar positions.
Published 05 Sep, 2006 12:00am
Swiss franc higher versus dollar

Swiss franc higher versus dollar

The Swiss franc was higher against the dollar and down against other currencies on Monday after data late last week showed that growth in Swiss manufacturing unexpectedly gained speed in August.
Published 05 Sep, 2006 12:00am
Yen gains on strong data

Yen gains on strong data

The yen climbed on Monday, cheered by solid capital spending data that made some dealers think twice about betting Japanese rates may not rise again this year, a possibility which has weighed on the yen in the past two weeks.
Published 05 Sep, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 69.47/69.58 (previous 69.49/69.71). Call Money Rates: 6.25-10.00 percent (previous 6.25-10.00 percent).
Published 05 Sep, 2006 12:00am
Asian currencies firmer thanks to yen

Asian currencies firmer thanks to yen

Asian currencies were broadly firm on Monday as the Japanese yen rebounded from last week's lows, the Chinese yuan hit a fresh post-revaluation high and regional equity markets posted strong gains.
Published 05 Sep, 2006 12:00am
Hong Kong dollar firms

Hong Kong dollar firms

The Hong Kong dollar edged higher on Monday, buoyed by a rally in the stock market and the yuan's fresh post-revaluation high. The local currency was trading at 7.7775/77 to the US dollar, firmer than Friday's close of 7.7782/83.
Published 05 Sep, 2006 12:00am
Chinese yuan hits high

Chinese yuan hits high

The yuan set a post-revaluation high against the dollar for the fifth straight session on Monday as the central bank largely stayed out of the market, apparently willing to allow appreciation at a faster pace than ever before.
Published 05 Sep, 2006 12:00am
Australia pick McGrath for Champions Trophy

Australia pick McGrath for Champions Trophy

Experienced fast bowler Glenn McGrath has been rushed back into Australia's squad for the Champions Trophy in India. McGrath will make his comeback to international cricket in a one-day tournament in Malaysia this month before moving on to India for the C
Published 05 Sep, 2006 12:00am
Pakistan ready to revise itinerary for West Indies

Pakistan ready to revise itinerary for West Indies

The Pakistan Cricket Board (PCB) said it is willing to revise the itinerary for its home series against the West Indies this year. The PCB had initially rejected requests to delay the start of the tour to allow the West Indies to participate in a $5 milli
Published 05 Sep, 2006 12:00am
Sharapova moves into fourth round

Sharapova moves into fourth round

World number four Maria Sharapova surged past countrywoman Elena Likhovtseva 6-3, 6-2 to reach the fourth round of the US Open on Sunday. The 19-year-old Russian beauty, who has been a semi-finalist or better in her last nine majors, will now play Chinese
Published 05 Sep, 2006 12:00am
Pakistanis told to keep quiet about hearing

Pakistanis told to keep quiet about hearing

Pakistan cricket captain Inzamam-ul-Haq and the Pakistan Cricket Board (PCB) have been warned to stop making public comments about the disciplinary hearing scheduled to take place later this month. International Cricket Council (ICC) chief executive Malco
Published 05 Sep, 2006 12:00am
Tensions spiral after mass ethnic violence in Russia

Tensions spiral after mass ethnic violence in Russia

Hundreds of police reinforcements were sent to Russia's north-western town of Kondopoga on Monday as ethnic tensions spiralled after a wave of anti-Chechen violence, bringing warnings of possible intervention from the Chechen prime minister.
Published 05 Sep, 2006 12:00am
Pope issues message of religious harmony

Pope issues message of religious harmony

Pope Benedict XVI on Monday called on those of all faiths to pray for peace, but said they must also acknowledge their differences, in a message to religious leaders gathered in central Italy.
Published 05 Sep, 2006 12:00am
Czech rightists take power but no end to stalemate

Czech rightists take power but no end to stalemate

Czech President Vaclav Klaus appointed a right-wing government on Monday, but the new team is likely to lose a confidence vote and the country faces weeks or months of political instability and probably an early election.
Published 05 Sep, 2006 12:00am
Europe hails lunar probe set sights on next goals

Europe hails lunar probe set sights on next goals

The European Space Agency (ESA) on Monday hailed a probe that it dramatically smashed onto the Moon on Sunday after completing a programme to test next-generation space technologies.
Published 05 Sep, 2006 12:00am
India struggles to get relief to flood victims

India struggles to get relief to flood victims

Authorities in the eastern Indian state of Orissa are struggling to get relief to hundreds of thousands of people who have been stranded after floods submerged their homes, officials said on Monday.
Published 05 Sep, 2006 12:00am
Annan urges peaceful end to Iran nuclear standoff

Annan urges peaceful end to Iran nuclear standoff

UN Secretary-General Kofi Annan on Monday urged the world to avoid confrontation with Iran over its nuclear goals, after Tehran told him it wanted a negotiated solution but would not halt uranium enrichment before any talks.
Published 05 Sep, 2006 12:00am
Friendly fire kills Nato soldier in Afghanistan

Friendly fire kills Nato soldier in Afghanistan

One Nato soldier was killed by friendly fire and several were wounded on Monday during a major offensive to crush a resurgent Taleban in southern Afghanistan.
Published 05 Sep, 2006 12:00am
African Union can stay in Darfur but not under UN: Sudan

African Union can stay in Darfur but not under UN: Sudan

Sudan said on Monday it would allow African troops to remain in Darfur only under African Union control and accused Washington of attempting "regime change" in Khartoum by trying to bring in a UN force.
Published 05 Sep, 2006 12:00am
Abbas may sack Hamas cabinet this month

Abbas may sack Hamas cabinet this month

President Mahmoud Abbas could sack the Hamas-led Palestinian government if it does not agree to his terms by the end of the month, a senior official from Abbas's Fatah movement said on Monday.
Published 05 Sep, 2006 12:00am
Australia's 'Crocodile Hunter' Irwin dies

Australia's 'Crocodile Hunter' Irwin dies

Steve Irwin, the quirky Australian naturalist who won world-wide acclaim as TV's khaki-clad "Crocodile Hunter", was killed by a stingray barb through the heart while filming a new documentary on Monday.
Published 05 Sep, 2006 12:00am
Kabila poised to win control of parliament

Kabila poised to win control of parliament

President Joseph Kabila appears poised to win control of Congo's new parliament, according to preliminary election results, but analysts say he will still face a tough battle in next month's presidential runoff.
Published 05 Sep, 2006 12:00am
Tamil aid accounts freezed

Tamil aid accounts freezed

The bank accounts of a pro-rebel Tamil charity were ordered frozen Monday as part of an illegal arms trading case that originated in the United States, the Central Bank of Sri Lanka said.
Published 05 Sep, 2006 12:00am
Gunman kills British tourist, wounds six in Jordan

Gunman kills British tourist, wounds six in Jordan

A lone gunman opened fire on a group of foreign tourists in the Jordanian capital Amman on Monday, killing a British man and wounding six other people, officials and witnesses said.
Published 05 Sep, 2006 12:00am
Inmates take Russian prison officials hostage

Inmates take Russian prison officials hostage

Inmates in a Moscow pre-trial detention centre on Monday seized as many as 15 hostages, including a chief warden and his deputy, a spokesman for Russia's prison administration said.
Published 05 Sep, 2006 12:00am
Sri Lankan government clears rebels from key harbour mouth

Sri Lankan government clears rebels from key harbour mouth

Sri Lanka's government said it pushed Tamil Tiger rebels from the mouth of strategic Trincomalee harbour in the island's restive north-east on Monday, and that it would therefore halt its offensive.
Published 05 Sep, 2006 12:00am
West Bank pullback plan on hold: Olmert

West Bank pullback plan on hold: Olmert

Prime Minister Ehud Olmert said on Monday he had put his plan for an Israeli pullback from parts of the occupied West Bank on hold amid fears of rocket attacks by Arab militants on the Jewish state.
Published 05 Sep, 2006 12:00am
Sterling slips against euro

Sterling slips against euro

Sterling slipped against the euro on Monday, edging away from last week's 8-1/2-month high in thin mostly technically-driven trading as investors waited for data that could show if more interest rate rises are on the way.
Published 05 Sep, 2006 12:00am
Yen jumps versus euro and dollar

Yen jumps versus euro and dollar

The yen rose sharply on Monday after firm capital spending data raised speculation that the Bank of Japan may adopt a slightly more hawkish tone, prompting investors to unwind short positions.
Published 05 Sep, 2006 12:00am
Bonds: Gallaher joins pipeline; US holiday slows trade

Bonds: Gallaher joins pipeline; US holiday slows trade

Gallaher Group Plc, the world's fifth-biggest tobacco company, on Monday joined a burgeoning roster of companies preparing to issue euro bonds, while a US holiday slowed bond and default swap trading.
Published 05 Sep, 2006 12:00am
Bonds: Gallaher joins pipeline; US holiday slows trade

Bonds: Gallaher joins pipeline; US holiday slows trade

Gallaher Group Plc, the world's fifth-biggest tobacco company, on Monday joined a burgeoning roster of companies preparing to issue euro bonds, while a US holiday slowed bond and default swap trading.
Published 05 Sep, 2006 12:00am
FTSE surges to 3-1/2-month high

FTSE surges to 3-1/2-month high

Britain's leading share index rose on Monday to close at its highest level in three and a half months, led by mining shares on an albeit thin market because of the US Labour Day holiday. Mining stocks were the biggest risers, buoyed by recent strength in
Published 05 Sep, 2006 12:00am
Indian wheat falls

Indian wheat falls

Indian wheat futures dropped on Monday after the farm minister said private firms have been allowed to import the grain without any duty. Soyaoil fell after the end of some Hindu festivals. Sugar also eased. The September wheat contract on the National Co
Published 05 Sep, 2006 12:00am
London sugar ends up

London sugar ends up

London white sugar futures closed up on Monday with business dominated by rolling forward of positions out of October into December, dealers said. Front-month October futures ended $3 higher at $372 per tonne after trading from $376.20 to $368.50. Decembe
Published 05 Sep, 2006 12:00am