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Print - 2006-10-17
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (October 16, 2006).

Published 17 Oct, 2006 12:00am
'Coordination Committee' for Karachi formed

'Coordination Committee' for Karachi formed

The Federal Government has constituted a 'Co-ordination Committee for Karachi', with Sindh Governor as its chief, for providing better civic facilities in the city and to streamline them on modern lines.
Published 17 Oct, 2006 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (October 16, 2006).

Published 17 Oct, 2006 12:00am
'Coordination Committee' for Karachi formed

'Coordination Committee' for Karachi formed

The Federal Government has constituted a 'Co-ordination Committee for Karachi', with Sindh Governor as its chief, for providing better civic facilities in the city and to streamline them on modern lines.
Published 17 Oct, 2006 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 17 Oct, 2006 12:00am
45 MPs suspended for not declaring assets

45 MPs suspended for not declaring assets

The Election Commission of Pakistan has issued a notification to members parliament and MPAs who have declared their assets and have suspended 45 MPs temporarily for not declaring their assets within the stipulated time.
Published 17 Oct, 2006 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 17 Oct, 2006 12:00am
45 MPs suspended for not declaring assets

45 MPs suspended for not declaring assets

The Election Commission of Pakistan has issued a notification to members parliament and MPAs who have declared their assets and have suspended 45 MPs temporarily for not declaring their assets within the stipulated time.
Published 17 Oct, 2006 12:00am
Atlas Bank shares gain Rs 9.55 on first trading day

Atlas Bank shares gain Rs 9.55 on first trading day

The Atlas Bank Limited, on its first day of trading at the Karachi Stock Market, performed exceptionally well and with the total gain of Rs 9.55 the scrip successfully positioned in the top ten volume leaders.
Published 17 Oct, 2006 12:00am
Atlas Bank shares gain Rs 9.55 on first trading day

Atlas Bank shares gain Rs 9.55 on first trading day

The Atlas Bank Limited, on its first day of trading at the Karachi Stock Market, performed exceptionally well and with the total gain of Rs 9.55 the scrip successfully positioned in the top ten volume leaders.
Published 17 Oct, 2006 12:00am
Oil cake market rates

Oil cake market rates

Falling trend was seen on the forward cottonseed oilcake market on Monday as most of the buyers were on the sidelines on anticipation of more decline in the prices, dealers said
Published 17 Oct, 2006 12:00am
Atlas Bank shares gain Rs 9.55 on first trading day

Atlas Bank shares gain Rs 9.55 on first trading day

The Atlas Bank Limited, on its first day of trading at the Karachi Stock Market, performed exceptionally well and with the total gain of Rs 9.55 the scrip successfully positioned in the top ten volume leaders.
Published 17 Oct, 2006 12:00am
Prices turn soft on cotton market

Prices turn soft on cotton market

Soft trend was seen in the cotton market on Monday as prices fell slightly in physical business, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2400, without upcountry expenses. The deals reported between the ran
Published 17 Oct, 2006 12:00am
Atlas Bank shares gain Rs 9.55 on first trading day

Atlas Bank shares gain Rs 9.55 on first trading day

The Atlas Bank Limited, on its first day of trading at the Karachi Stock Market, performed exceptionally well and with the total gain of Rs 9.55 the scrip successfully positioned in the top ten volume leaders.
Published 17 Oct, 2006 12:00am
Ukraine sunoil output down

Ukraine sunoil output down

Ukraine cut its raw sunoil output by about 50 percent to 57,100 tonnes in September, the last month of the 2005/06 season, from 115,000 in August, the State Statistics Committee said on Monday.
Published 17 Oct, 2006 12:00am
Pre-bid moot for sale of SIH''s assets held

Pre-bid moot for sale of SIH''s assets held

A pre-bid moot for the sale of moveable and immovable assets of Services International Hotel (SIH), Lahore on "as is where is basis" was held here on Monday under the Chairmanship of Sheikh Ikramullah, Secretary, PC.
Published 17 Oct, 2006 12:00am
HRW wheat bids holding steady

HRW wheat bids holding steady

US Plains hard red winter wheat basis bids held steady Monday, with mills mostly well covered for nearby demand, wheat merchants said. Protein premiums for railcar wheat to and through Kansas City were steady for ordinary wheat and 2 cents lower for 11.20
Published 17 Oct, 2006 12:00am
Pre-bid moot for sale of SIH's assets held

Pre-bid moot for sale of SIH's assets held

A pre-bid moot for the sale of moveable and immovable assets of Services International Hotel (SIH), Lahore on "as is where is basis" was held here on Monday under the Chairmanship of Sheikh Ikramullah, Secretary, PC.
Published 17 Oct, 2006 12:00am
CIF Gulf corn dips, soya firmer

CIF Gulf corn dips, soya firmer

US CIF corn barge basis values dipped on Monday due to heavy country movement late last week, while nearby soyabeans firmed due to tight supplies, traders said.
Published 17 Oct, 2006 12:00am
Pre-bid moot for sale of SIH's assets held

Pre-bid moot for sale of SIH's assets held

A pre-bid moot for the sale of moveable and immovable assets of Services International Hotel (SIH), Lahore on "as is where is basis" was held here on Monday under the Chairmanship of Sheikh Ikramullah, Secretary, PC.
Published 17 Oct, 2006 12:00am
Low business seen on grain market

Low business seen on grain market

Low business was seen on the grain market on Monday as supplies were enough to meet the demand, dealers said. On the cereals side, wheat Mexipak old and new both gained Rs 5 to Rs 1180-1195. Other commodities did not move any side in process of trading, t
Published 17 Oct, 2006 12:00am
CT coronary angiography symposium at NICVD on October 29

CT coronary angiography symposium at NICVD on October 29

National Institute of Cardiovascular Diseases (NICVD), in collaboration with Advanced Radiology Clinic, plans to organise a CT coronary angiography symposium for local cardiologists and radiologists here on October 29.
Published 17 Oct, 2006 12:00am
US Midwest corn weaker, soya mostly flat

US Midwest corn weaker, soya mostly flat

Spot basis bids for corn were steady to weaker around the US Midwest early on Monday after rising cash prices last week spurred some farmer selling, grain dealers said. Bids for soyabeans were mostly steady but fell along Midwest rivers due to rising ship
Published 17 Oct, 2006 12:00am
TMOs asked to ensure cleanliness before Eid

TMOs asked to ensure cleanliness before Eid

District Co-ordination Officer (DCO), Muhammad Hussain Syed has directed all taluka municipal officers (TMOs) to get all the post rain problems solved by the end of this week so that the people may not face any difficulty, especially during the Eid congre
Published 17 Oct, 2006 12:00am
Kirana items mixed on Jodia Bazar

Kirana items mixed on Jodia Bazar

The trading on Kirana items moved both ways on Jodia Bazar here on Monday. The following changes were noted.
Published 17 Oct, 2006 12:00am
Sindh University moot on Sindhi literature in January next

Sindh University moot on Sindhi literature in January next

The University of Sindh has planned to organise one-day 'Shaikh Ayaz Conference on Language and Literature' on January 10, 2007. The conference will be arranged at the Faculty of Arts building at Allama II Kazi Campus Jamshoro.
Published 17 Oct, 2006 12:00am
Karachi Port activity

Karachi Port activity

The Karachi Port handled 183,434 tonnes of cargo including 170,449 tonnes import, 12,985 tonnes export cargo and 2,751 containers during last 48 hours ending at 0700 hours on Monday.
Published 17 Oct, 2006 12:00am
JP Morgan plans to reopen equity business in Pakistan

JP Morgan plans to reopen equity business in Pakistan

J.P. Morgan is planning to reopen its equity business in Pakistan, the first foreign brokerage to return since they abandoned the South Asian nation in the early 2000s, sources familiar with the development said. The number 3 US bank shut its Pakistan equ
Published 17 Oct, 2006 12:00am
Shanghai copper softer on concerns

Shanghai copper softer on concerns

Shanghai copper futures edged down on Monday as concerns over Chinese demand increased slightly after the country's customs data showed a big drop in imports of refined copper and alloy. Shanghai copper futures edged higher in trade, but soon ran out of s
Published 17 Oct, 2006 12:00am
JP Morgan plans to reopen equity business in Pakistan

JP Morgan plans to reopen equity business in Pakistan

J.P. Morgan is planning to reopen its equity business in Pakistan, the first foreign brokerage to return since they abandoned the South Asian nation in the early 2000s, sources familiar with the development said. The number 3 US bank shut its Pakistan equ
Published 17 Oct, 2006 12:00am
Tokyo gold jumps over 2.5 percent

Tokyo gold jumps over 2.5 percent

Tokyo gold futures rallied over 2.5 percent to a two-week high on Monday as firmer oil prices encouraged Japanese investors and funds to rebuild new buy positions after heavy liquidations over the past few weeks.
Published 17 Oct, 2006 12:00am
JP Morgan plans to reopen equity business in Pakistan

JP Morgan plans to reopen equity business in Pakistan

J.P. Morgan is planning to reopen its equity business in Pakistan, the first foreign brokerage to return since they abandoned the South Asian nation in the early 2000s, sources familiar with the development said. The number 3 US bank shut its Pakistan equ
Published 17 Oct, 2006 12:00am
Gold nears $600 on firmer oil

Gold nears $600 on firmer oil

Gold hit a two-week high on Monday on safe-haven buying as crude oil rose above $59 a barrel, but a firmer US dollar trimmed gains and investors were keen to take profits at higher levels. Gold's gains, which were also driven by tensions on the Korean pen
Published 17 Oct, 2006 12:00am
Seven US troops among scores of Iraqis killed

Seven US troops among scores of Iraqis killed

The Iraqi people were caught up in an astonishing spiral of violence ON Monday, battered by bombs and stalked by death squads, as an embattled government struggled to remain in control.
Published 17 Oct, 2006 12:00am
Noble Group buys two China soya crushers

Noble Group buys two China soya crushers

Noble Group, Asia's largest commodities trader, said on Monday it was purchasing two more soya crushing facilities in China for about US $18 million. The company, headquartered in Hong Kong, said in a statement it had agreed to buy a plant in Changing fro
Published 17 Oct, 2006 12:00am
Seven US troops among scores of Iraqis killed

Seven US troops among scores of Iraqis killed

The Iraqi people were caught up in an astonishing spiral of violence ON Monday, battered by bombs and stalked by death squads, as an embattled government struggled to remain in control.
Published 17 Oct, 2006 12:00am
Oil climbs to $59

Oil climbs to $59

Oil prices climbed to $59 a barrel on Monday as Opec's decision to hold an emergency meeting in Qatar later this week raised expectations the cartel would finally agree the details of a production cut. US light crude for November delivery rose 40 cents a
Published 17 Oct, 2006 12:00am
103 killed in Sri Lanka suicide blast

103 killed in Sri Lanka suicide blast

Sri Lanka suffered its worst suicide attack on Monday when Tiger rebels blew up an explosives-laden truck next to a convoy of sailors, killing at least 103 people and wounding 150 more, police said.
Published 17 Oct, 2006 12:00am
China January-September grains, soya, cotton and sugar trade

China January-September grains, soya, cotton and sugar trade

The following table shows China's grains and soya as well as sugar, cotton and rubber trade in the first nine months of 2006. The preliminary figures were provided by the General Administration of Customs of China. A detailed breakdown will be issued late
Published 17 Oct, 2006 12:00am
103 killed in Sri Lanka suicide blast

103 killed in Sri Lanka suicide blast

Sri Lanka suffered its worst suicide attack on Monday when Tiger rebels blew up an explosives-laden truck next to a convoy of sailors, killing at least 103 people and wounding 150 more, police said.
Published 17 Oct, 2006 12:00am
Asian naphtha: India's IOC sells November at improved level

Asian naphtha: India's IOC sells November at improved level

Indian Oil Corp (IOC) has sold a total of 85,000 tonnes of naphtha for November loading at narrower discounts or slight premiums against its last sales, a trading source said on Monday. One cargo was sold at a premium of 28 cents a tonne to Middle East sp
Published 17 Oct, 2006 12:00am
Malaysia-Nestle deal

Malaysia-Nestle deal

Malaysian food processing group Eraser & Nerve said it will make and distribute Nestle milk products in an $84 million deal that promises to help double annual turnover at its dairy division.
Published 17 Oct, 2006 12:00am
Vietnam limits shipments as rice stock dwindles

Vietnam limits shipments as rice stock dwindles

Vietnam will change its rice export strategy by limiting shipments over the next few months to cope with thin stocks and strong demand expected early next year, industry officials said on Monday.
Published 17 Oct, 2006 12:00am
East Asian grain: Japan and Korea seen quiet on CBOT rally

East Asian grain: Japan and Korea seen quiet on CBOT rally

Grain buyers in Japan and South Korea will likely take a cautious stance this week as soaring Chicago futures and a strong dollar make imports more costly, while Taiwanese importers plan corn and soyabean tenders.
Published 17 Oct, 2006 12:00am
Malaysian tin jumps

Malaysian tin jumps

Malaysian tin closed sharply higher on Monday, boosted by firm prices on the London Metal Exchange and strong buying, one dealer said.
Published 17 Oct, 2006 12:00am
Indian wheat futures up

Indian wheat futures up

Indian wheat futures rose on Monday in line with firm international markets, while soyaoil fell as arrival of the new soyabean crop picked up.
Published 17 Oct, 2006 12:00am
Tokyo rubber up

Tokyo rubber up

Tokyo rubber futures rose on Monday due to fresh buying from funds and short covering by speculators. The benchmark March 2007 contract rose 5.1 yen to 228.0 yen ($1.91) per kg, from Friday's 222.9 yen.
Published 17 Oct, 2006 12:00am
Malaysian palm oil ends mixed

Malaysian palm oil ends mixed

Malaysian crude palm oil futures closed mixed on Monday as profit-taking pulled the market down after a good export performance and firm crude oil prices lifted it in the morning session.
Published 17 Oct, 2006 12:00am
Philips misses forecast

Philips misses forecast

Philips Electronics missed analysts' forecasts on Monday with a fall in third-quarter core profit, depressed by disappointing LCD display sales and asbestos charges, hurting its shares.
Published 17 Oct, 2006 12:00am
Philips misses forecast

Philips misses forecast

Philips Electronics missed analysts' forecasts on Monday with a fall in third-quarter core profit, depressed by disappointing LCD display sales and asbestos charges, hurting its shares.
Published 17 Oct, 2006 12:00am
Microsoft gives Vista data to security firms

Microsoft gives Vista data to security firms

Microsoft said on Monday it had provided some essential data to dozens of security software firms on Monday so their products can work smoothly with the new Vista operating system.
Published 17 Oct, 2006 12:00am
Brussels stands by trade-aid plan amid criticism

Brussels stands by trade-aid plan amid criticism

The European Commission on Monday stood by a plan for new economic deals with poor countries that has come under fire from some developing nations, aid campaigners and now also from British ministers.
Published 17 Oct, 2006 12:00am
Opec sees lower fourth quarter demand

Opec sees lower fourth quarter demand

Opec on Monday cut its forecast for demand for its oil in the fourth quarter of 2006 and said price weakness may persist, adding urgency to a meeting this week to thrash out details of a cut in output.
Published 17 Oct, 2006 12:00am
Eurozone GDP outlook gets further fillip

Eurozone GDP outlook gets further fillip

Investors betting on further solid economic growth in the eurozone got heartening news on Monday - Germany's often cautious government forecasters expect it too and are set to hike their predictions accordingly.
Published 17 Oct, 2006 12:00am
Emerging markets challenge West in global investment surge: Unctad

Emerging markets challenge West in global investment surge: Unctad

Global foreign direct investment rose by 29 percent in 2005 to 916 billion dollars as investors from emerging markets burst onto the scene as rivals for western multinationals, the UN trade and development agency said in a report Monday.
Published 17 Oct, 2006 12:00am
Carstens quits IMF to join Mexico president-elect

Carstens quits IMF to join Mexico president-elect

International Monetary Fund deputy managing director Agustin Carstens, widely seen as the favourite to become Mexico's next finance minister, said on Monday he was quitting to join President-elect Felipe Calderon's transition team.
Published 17 Oct, 2006 12:00am
Germany wants clarity on EADS stake within days

Germany wants clarity on EADS stake within days

The German government said on Monday that it wanted to clarify rapidly how it would safeguard the delicate Franco-German balance within troubled aerospace group and Airbus parent EADS.
Published 17 Oct, 2006 12:00am
France pledges support for Airbus suppliers

France pledges support for Airbus suppliers

France, worried about the impact of the Airbus crisis on its high-tech industries, said on Monday it wants to ensure as much production capacity as possible remains on its soil as the planemaker embarks on restructuring.
Published 17 Oct, 2006 12:00am
Russia starts building gas pipeline to China

Russia starts building gas pipeline to China

Russian gas monopoly Gazprom has started building the West Siberia-China pipeline, which will supply China with up to 30 billion cubic metres of gas a year, a news agency reported on Monday.
Published 17 Oct, 2006 12:00am
World needs climate change action now to pay less

World needs climate change action now to pay less

Actions to fight global warming now and introduce environmentally clean and efficient energy technologies will cost the world less than doing nothing, an international conference heard on Monday.
Published 17 Oct, 2006 12:00am
Australian shares surge

Australian shares surge

Australian share prices closed up 0.4 percent on Monday after Wall Street traded to another record high on Friday, supporting investor sentiment, dealers said. They said the gains were led by the key mining sector, with some investors believing that the r
Published 17 Oct, 2006 12:00am
Taiwan stocks climb

Taiwan stocks climb

Taiwan stocks ended up 1.05 percent on Monday at their highest level in five months as gains on Wall Street boosted investor confidence that the outlook for the world's largest economy remained healthy. The main TAIEX share index finished at 7,151.42 poin
Published 17 Oct, 2006 12:00am
Singapore shares soar

Singapore shares soar

Singapore share prices closed on Monday at a new all-time high, driven by the surge on Wall Street which also struck another record finish, dealers said. The main Straits Times Index closed 2.87 points or 0.11 percent higher at 2,669.55, a shade above the
Published 17 Oct, 2006 12:00am
Thai stock prices jump

Thai stock prices jump

Thai share prices closed 0.71 percent higher on Monday in line with regional gains as soaring US stocks gave a boost to the Thai market, dealers said. They said investors were not worried about any financial fallout from UN sanctions on North Korea over P
Published 17 Oct, 2006 12:00am
Hong Kong shares at 6-1/2-year high

Hong Kong shares at 6-1/2-year high

Hong Kong stocks ended up 0.1 percent at a 6-1/2 year closing high on Monday as rebounding commodity prices spurred rises in resource stocks like PetroChina Co Ltd, but broad gains were capped as investors grew cautious as the market edged above 18,000.
Published 17 Oct, 2006 12:00am
JGB yields near two-month highs

JGB yields near two-month highs

The yield on the benchmark 10-year Japanese government bond neared a two-month high on Monday, pressured by US Treasury losses and comments by Bank of Japan Governor Toshihiko Fukui, who said late last week that the possibility of a rate rise this year co
Published 17 Oct, 2006 12:00am
JGB yields near two-month highs

JGB yields near two-month highs

The yield on the benchmark 10-year Japanese government bond neared a two-month high on Monday, pressured by US Treasury losses and comments by Bank of Japan Governor Toshihiko Fukui, who said late last week that the possibility of a rate rise this year co
Published 17 Oct, 2006 12:00am
Seoul stocks gain

Seoul stocks gain

Seoul shares rose for a third straight session on Monday led by technology stocks after better-than-expected earnings and strong fourth-quarter guidance from memory chip maker Samsung Electronics boosted the outlook for the sector.
Published 17 Oct, 2006 12:00am
Malaysian stocks close flat

Malaysian stocks close flat

Malaysian share prices closed flat on Monday with late buying interest offsetting earlier losses, dealers said. The Kuala Lumpur Composite Index gained 0.25 points at 983.79 on turnover of 576.16 million shares worth 709.37 million ringgit (202.7 million
Published 17 Oct, 2006 12:00am
Jakarta shares decline

Jakarta shares decline

Jakarta shares closed 0.66 percent lower on Monday, led by car dealer Astra International, on profit-taking after last week's record-setting run, dealers said. The Jakarta Stock Exchange composite index closed down 10.412 points at 1,561.786, after touchi
Published 17 Oct, 2006 12:00am
Chinese shares finish lower

Chinese shares finish lower

Chinese shares ended on Monday down 0.75 percent as many investors waited to see how the market would absorb the record initial public offering by Industrial and Commercial Bank of China.
Published 17 Oct, 2006 12:00am
Philippines shares make gains

Philippines shares make gains

Philippines share prices closed 1.05 percent higher at a five-month peak on Monday as investors bought into companies seen to have boosted profits for the three months to September, dealers said.
Published 17 Oct, 2006 12:00am
Indian stocks at new record

Indian stocks at new record

Indian share prices closed up 1.51 percent at new record high on Monday and powered closer to the key 13,000 level amid hopes of robust second-quarter earnings, dealers said. They said strong fund buying was propelling share prices higher.
Published 17 Oct, 2006 12:00am
Nikkei hits five-month closing high

Nikkei hits five-month closing high

The Nikkei average rose 0.94 percent on Monday to book a five-month closing high as hopes for strong corporate earnings lifted Shin-Etsu Chemical Co Ltd while leasing firms gained on expectations of further consolidation in the sector.
Published 17 Oct, 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. 66.35/66.90 (previous 66.20/66.41). Call Money Rates: 6.40-10.00 percent (previous 6.40-10.00 percent).
Published 17 Oct, 2006 12:00am
Hong Kong dollar ends higher

Hong Kong dollar ends higher

The Hong Kong dollar erased early losses on Monday afternoon and ended higher, buoyed by fund flows into the territory for the initial public offering by Industrial & Commercial Bank of China.
Published 17 Oct, 2006 12:00am
Australian dollar edges lower

Australian dollar edges lower

The Australian dollar dipped against a broadly stronger US dollar on Monday, but found support from speculation Australia's central bank will lift interest rates next month and firmer gold prices.
Published 17 Oct, 2006 12:00am
Dollar near 10-month high versus yen

Dollar near 10-month high versus yen

The dollar held near a 10-month peak against the yen on Monday after upbeat US data last week on retail sales and consumer sentiment further squashed expectations for the Federal Reserve to cut interest rates early next year.
Published 17 Oct, 2006 12:00am
Swiss franc near flat

Swiss franc near flat

The Swiss franc stood flat against major currencies on Monday as markets positioned themselves for a number of central bank speeches, after the Swiss currency's six-month low against the dollar last week.
Published 17 Oct, 2006 12:00am
Asian currencies: equity rally lends support

Asian currencies: equity rally lends support

Most Asian currencies were little moved on Monday, with a firm tone in the dollar offset by strong gains in regional shares. Upbeat US retail sales and consumer confidence data on Friday strengthened expectations that the US Federal Reserve is unlikely to
Published 17 Oct, 2006 12:00am
Yuan slips versus dollar

Yuan slips versus dollar

The yuan fell against the dollar on Monday, pressured by the dollar's strength globally, but dealers said the Chinese currency was still poised for a round of faster appreciation due to China's own economic conditions.
Published 17 Oct, 2006 12:00am
Swede Stenson joins Woods in Champions Tournament field

Swede Stenson joins Woods in Champions Tournament field

World number 11 Henrik Stenson of Sweden, a member of Europe's victorious Ryder Cup team, has entered next month's Champions Tournament in Shanghai, organisers said on Monday. Tiger Woods will lead the strongest field assembled for a golf event in China,
Published 17 Oct, 2006 12:00am
Sri Lanka wary of crisis-hit Pakistan

Sri Lanka wary of crisis-hit Pakistan

Sri Lanka captain Mahela Jayawardene has warned his team against taking a depleted Pakistan side lightly in Tuesday's Champions Trophy Group B tie. Pakistan strike bowlers Shoaib Akhtar and Mohammad Asif were withdrawn from the tournament on Monday after
Published 17 Oct, 2006 12:00am
Fleming-inspired Black Caps stun South Africa

Fleming-inspired Black Caps stun South Africa

New Zealand captain Stephen Fleming led from the front as the Black Caps snatched a dramatic 87-run victory over South Africa in the Champions Trophy here on Monday.
Published 17 Oct, 2006 12:00am
Murray eases into second round in Madrid

Murray eases into second round in Madrid

British number one Andy Murray booked his place in the second round of the Madrid Masters on Monday with a comfortable 6-2 6-4 win over Spanish qualifier Ivan Navarro Pastor.
Published 17 Oct, 2006 12:00am
ICC regret positive dope tests for Pakistan bowlers

ICC regret positive dope tests for Pakistan bowlers

Positive dope tests for Pakistan pace bowlers Shoaib Akhtar and Mohammad Asif meant a disappointing day for cricket, International Cricket Council (ICC) chief executive Malcolm Speed said on Monday. The pair were withdrawn from the Champions Trophy earlie
Published 17 Oct, 2006 12:00am
Shoaib denies knowingly taking performance-enhancing drugs

Shoaib denies knowingly taking performance-enhancing drugs

Pakistan fast bowler, Shoaib Akhtar denied on Monday knowingly taking any performance-enhancing drugs after testing positive for the anabolic steroid nandrolone. "I want to assure everyone that I am innocent of doing anything I shouldn't have," Akhtar tol
Published 17 Oct, 2006 12:00am
Shoaib, Asif back home after positive steroid tests

Shoaib, Asif back home after positive steroid tests

Pakistan have recalled its speedster duo Shoaib Akhtar and Mohammad Asif from the Champions Trophy after they were tested positive for the banned steroid nandrolone. The country's cricket board said allrounder Yasir Arafat and left-arm spinner Abdul Rahma
Published 17 Oct, 2006 12:00am
Pastor shot dead in Indonesia

Pastor shot dead in Indonesia

An unidentified gunman shot dead a Christian pastor on Monday in Indonesia's Central Sulawesi province, officials and church groups said, sparking fears of a return to sectarian fighting that once gripped the region.
Published 17 Oct, 2006 12:00am
Congo army abducting civilians for labour: report

Congo army abducting civilians for labour: report

Congolese army soldiers are kidnapping civilians to provide forced labour in the country's northeast, US-based Human Rights Watch said on Monday, two weeks before the country winds up historic post-war elections.
Published 17 Oct, 2006 12:00am
Video shows apparent shooting on Tibetans by China

Video shows apparent shooting on Tibetans by China

Video footage shot by a Romanian television station appears to show Chinese soldiers firing at a group of Tibetans as they attempt to cross a mountain pass into Nepal, days after China defended the soldiers' action.
Published 17 Oct, 2006 12:00am
Ecuador heads for tough election run-off

Ecuador heads for tough election run-off

After a tight weekend election, the battle for Ecuador's presidency was headed for a November run-off between a conservative tycoon who favours close links to the United States and a leftist ally of Venezuelan President Hugo Chavez.
Published 17 Oct, 2006 12:00am
Russian court authorises arrest of Kozlov's killers

Russian court authorises arrest of Kozlov's killers

A Moscow court approved the arrest of three people suspected of involvement in the murder of Russian deputy central bank chief Andrei Kozlov, a court spokeswoman said on Monday.
Published 17 Oct, 2006 12:00am
Vatican officially confirms Pope trip to Turkey

Vatican officially confirms Pope trip to Turkey

The Vatican on Monday officially confirmed that Pope Benedict will visit Turkey at the end of November, a trip that had been put into doubt by Muslim anger over controversial comments he made about Islam.
Published 17 Oct, 2006 12:00am
Olmert sees Arab axis of peace to counter Iran

Olmert sees Arab axis of peace to counter Iran

Prime Minister Ehud Olmert said on Monday he saw an axis for peace with Israel developing among what he termed moderate Arab countries to counter the threats of a nuclear Iran and militants.
Published 17 Oct, 2006 12:00am
Israeli president urged to quit over rape allegation

Israeli president urged to quit over rape allegation

Israeli President Moshe Katsav, under pressure to resign after police recommended he be charged with rape, stayed away from a parliamentary ceremony on Monday after legislators threatened to snub him.
Published 17 Oct, 2006 12:00am
US setting no timeline for Iraqi government: Bush

US setting no timeline for Iraqi government: Bush

President George W. Bush assured Iraqi Prime Minister Nuri al-Maliki on Monday that the United States had not set any deadline for his government to get control of sectarian violence, the White House said.
Published 17 Oct, 2006 12:00am
Court may give Saddam verdict on November 5

Court may give Saddam verdict on November 5

An Iraqi court trying Saddam Hussein for the killing of Shia villagers in the 1980s could deliver a verdict on November 5, officials said, a ruling which could send the ousted leader to the gallows.
Published 17 Oct, 2006 12:00am