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Print - 2006-11-29
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 29 Nov, 2006 12:00am
Sindh and Punjab sugar mills may suspend cane crushing

Sindh and Punjab sugar mills may suspend cane crushing

The country''s largest white refined sugar producers - Sindh and Punjab - are likely to suspend sugarcane crushing within one week if the growers do not ensure ample sugarcane supply of the crops to all mills, industrial sources told Business Recorder
Published 29 Nov, 2006 12:00am
Sindh and Punjab sugar mills may suspend cane crushing

Sindh and Punjab sugar mills may suspend cane crushing

The country's largest white refined sugar producers - Sindh and Punjab - are likely to suspend sugarcane crushing within one week if the growers do not ensure ample sugarcane supply of the crops to all mills, industrial sources told Business Recorder <
Published 29 Nov, 2006 12:00am
FOB Gulf grain corn, soya dip amid CBOT rally

FOB Gulf grain corn, soya dip amid CBOT rally

US FOB corn and soyabean export premiums were slightly weaker on Monday, pressured by higher futures prices and a slowdown in fresh export sales, traders said.
Published 29 Nov, 2006 12:00am
Sindh and Punjab sugar mills may suspend cane crushing

Sindh and Punjab sugar mills may suspend cane crushing

The country's largest white refined sugar producers - Sindh and Punjab - are likely to suspend sugarcane crushing within one week if the growers do not ensure ample sugarcane supply of the crops to all mills, industrial sources told Business Recorder <
Published 29 Nov, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 70,501 tonnes of cargo including 54,986 tonnes import, 15,515 tonnes export cargo and 4,166 containers during last 24 hours ending at 0700 hours on Tuesday.
Published 29 Nov, 2006 12:00am
KSE special session today

KSE special session today

The Karachi Stock Exchange (KSE) has announced to arrange a special session for conversion of "In-house Badla to Continuous Funding System (CFS)" through an automated interface on Wednesday (November 29) from 4:00pm to 05:00pm.
Published 29 Nov, 2006 12:00am
Argentine soya prices higher

Argentine soya prices higher

Argentine soya's closing prices and trends on Monday: Soya closed higher at 625 pesos ($202) per tonne in main grain port of Rosario, compared with Friday's 620 pesos. It was the seventh straight rise and traders said prices increased on gains in influent
Published 29 Nov, 2006 12:00am
KSE special session today

KSE special session today

The Karachi Stock Exchange (KSE) has announced to arrange a special session for conversion of "In-house Badla to Continuous Funding System (CFS)" through an automated interface on Wednesday (November 29) from 4:00pm to 05:00pm.
Published 29 Nov, 2006 12:00am
EU wheat prices fall

EU wheat prices fall

European Union wheat was lower on Tuesday, depressed by a drop in Chicago futures and the weakness of the dollar against European currencies, dealers said. French traders noted the dollar's fall against the euro had reduced Europe's competitive position o
Published 29 Nov, 2006 12:00am
KSE special session today

KSE special session today

The Karachi Stock Exchange (KSE) has announced to arrange a special session for conversion of "In-house Badla to Continuous Funding System (CFS)" through an automated interface on Wednesday (November 29) from 4:00pm to 05:00pm.
Published 29 Nov, 2006 12:00am
Midwest corn steady to higher, soybeans flat

Midwest corn steady to higher, soybeans flat

Spot basis bids for corn were steady to higher around the US Midwest on Monday as dealers tried to spark sales from farmers that were finishing up harvest. Wheat and soyabean bids were mostly steady around the region, grain dealers said.
Published 29 Nov, 2006 12:00am
New risk management system schedule changed

New risk management system schedule changed

The Securities and Commission of Pakistan (SECP) has changed the schedule of new risk management system, which was scheduled to be implemented from December 4, 2006. In a meeting of the board of directors of Karachi Stock Exchange (KSE) held here on Tuesd
Published 29 Nov, 2006 12:00am
Shipping delay problems ease in Panama Canal

Shipping delay problems ease in Panama Canal

Severe congestion problems in the Panama Canal were expected to disappear by early next week, after the current heavy vessel backlog clears, shipping agents in Panama said on Monday.
Published 29 Nov, 2006 12:00am
New risk management system schedule changed

New risk management system schedule changed

The Securities and Commission of Pakistan (SECP) has changed the schedule of new risk management system, which was scheduled to be implemented from December 4, 2006. In a meeting of the board of directors of Karachi Stock Exchange (KSE) held here on Tuesd
Published 29 Nov, 2006 12:00am
KCBT wheat ends mostly lower

KCBT wheat ends mostly lower

Hard red winter wheat futures at the Kansas City Board of Trade ended mostly lower on Monday, following losses in Chicago wheat futures, traders said.
Published 29 Nov, 2006 12:00am
New risk management system schedule changed

New risk management system schedule changed

The Securities and Commission of Pakistan (SECP) has changed the schedule of new risk management system, which was scheduled to be implemented from December 4, 2006. In a meeting of the board of directors of Karachi Stock Exchange (KSE) held here on Tuesd
Published 29 Nov, 2006 12:00am
US cash soyameal offers steady

US cash soyameal offers steady

Spot basis offers for US soyameal were steady on Monday, but end user demand was mixed around the Midwest, dealers said. In some areas, livestock and poultry producers bought more soyameal than they needed ahead of the US Thanksgiving holiday last week an
Published 29 Nov, 2006 12:00am
Islamabad wants to boost trade ties with UK: Prime Minister

Islamabad wants to boost trade ties with UK: Prime Minister

Underlining the importance of the longstanding diplomatic, political and economic linkages between Pakistan and the UK, Prime Minister Shaukat Aziz has said that Pakistan desires to further strengthen the economic and trade relationship between the two co
Published 29 Nov, 2006 12:00am
CBOT corn closes higher

CBOT corn closes higher

Corn futures at the Chicago Board of Trade ended higher on Monday on technical buying after hitting overnight contract highs in most months, traders said.
Published 29 Nov, 2006 12:00am
Islamabad wants to boost trade ties with UK: Prime Minister

Islamabad wants to boost trade ties with UK: Prime Minister

Underlining the importance of the longstanding diplomatic, political and economic linkages between Pakistan and the UK, Prime Minister Shaukat Aziz has said that Pakistan desires to further strengthen the economic and trade relationship between the two co
Published 29 Nov, 2006 12:00am
CBOT wheat ends down

CBOT wheat ends down

Wheat futures on the Chicago Board of Trade closed sharply lower on Monday, retreating from 2-1/2 week highs on profit-taking and corn/wheat spreading, traders said. Reminders of the slow pace of US wheat exports added to the bearish tone.
Published 29 Nov, 2006 12:00am
Islamabad wants to boost trade ties with UK: Prime Minister

Islamabad wants to boost trade ties with UK: Prime Minister

Underlining the importance of the longstanding diplomatic, political and economic linkages between Pakistan and the UK, Prime Minister Shaukat Aziz has said that Pakistan desires to further strengthen the economic and trade relationship between the two co
Published 29 Nov, 2006 12:00am
Oil cake market rates

Oil cake market rates

Some businesses were seen on the forward cottonseed oil cake market on Tuesday as buyers were not very active due to higher prices, dealer said. The January vaida was unchanged at Rs 685 and that proved to be day's bottom at the same level. Later it gaine
Published 29 Nov, 2006 12:00am
SME zone to boost exports to China to be set up

SME zone to boost exports to China to be set up

Small and Medium Enterprises (SME) zone would be established in Northern Areas aiming to enhance exports to China, Minister for Northern Areas and Kashmir Affairs Tahir Iqbal said Tuesday.
Published 29 Nov, 2006 12:00am
No deal finalised on cotton market

No deal finalised on cotton market

Tug-of-war between the spinners and ginners started over the prices as both the parties were not ready to oblige each other, dealers said on Tuesday. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2450, without upcountry expen
Published 29 Nov, 2006 12:00am
Sunday may be working day at ports

Sunday may be working day at ports

In a major move to facilitate importers/ exporters, the government is likely to announce Sunday as ''working day'' at ports from December 15, for 24x7 working hours clearance of trade consignments.
Published 29 Nov, 2006 12:00am
Kirana items down on Jodia Bazar

Kirana items down on Jodia Bazar

The trading on Kirana items ended down on Jodia Bazaar here on Tuesday. The following variations were noted.
Published 29 Nov, 2006 12:00am
Sunday may be working day at ports

Sunday may be working day at ports

In a major move to facilitate importers/ exporters, the government is likely to announce Sunday as 'working day' at ports from December 15, for 24x7 working hours clearance of trade consignments.
Published 29 Nov, 2006 12:00am
Gram prices sharply down on grain market

Gram prices sharply down on grain market

Sharp fall in prices was seen on the grain market on Tuesday as grams prices moved downward in the absence of fresh demand and steady supplies from the upcountry centres, dealers said.
Published 29 Nov, 2006 12:00am
Sunday may be working day at ports

Sunday may be working day at ports

In a major move to facilitate importers/ exporters, the government is likely to announce Sunday as 'working day' at ports from December 15, for 24x7 working hours clearance of trade consignments.
Published 29 Nov, 2006 12:00am
South Korea seeks corn and soyameal

South Korea seeks corn and soyameal

South Korean feed importers will seek corn and soyameal this week, anticipating a further rally of grain prices, while Japanese corn buyers have mostly covered their needs for January-March, traders said on Tuesday.
Published 29 Nov, 2006 12:00am
Asian naphtha up

Asian naphtha up

Asian naphtha values rose on Tuesday following crude gains, while a tighter supply picture bolstered the crack spread, traders said. Benchmark open-spec naphtha contract for first-half January was quoted at $551.25 a tonne, on a cost-and-freight (C&F) bas
Published 29 Nov, 2006 12:00am
New York cocoa settles lower

New York cocoa settles lower

Benchmark cocoa futures in New York closed lower on Monday on fund and speculative selling, weighing on values after the weak US dollar provided initial support, traders said.
Published 29 Nov, 2006 12:00am
New York coffee prices rally

New York coffee prices rally

Arabica benchmark coffee futures rallied on Monday to finish at an 11-day high on fund buying and light producer selling, traders said. "What we saw was pretty much a lack of origin selling and funds buying the market. With the Europe's strength, I think
Published 29 Nov, 2006 12:00am
MGE wheat futures down

MGE wheat futures down

Spring wheat futures on the Minneapolis Grain Exchange settled lower on Monday, retreating from advances on hedge-related selling and a breakdown in Chicago Board of Trade wheat, traders said.
Published 29 Nov, 2006 12:00am
Vietnam rubber firm

Vietnam rubber firm

A small Vietnamese rubber producer said on Tuesday it would auction state shares on the Ho Chi Minh City stock market next month to raise at least $9.56 million. The Tay Ninth Rubber Co said in a statement it would sell 8,387,700 shares, or 27.96 percent
Published 29 Nov, 2006 12:00am
US copper higher

US copper higher

US copper futures ended up 2.5 percent on Monday on a drop in exchange inventories, which rekindled worries about supply, and a decline in the dollar which makes copper more affordable to some consumers.
Published 29 Nov, 2006 12:00am
Gold ends at ten-week high

Gold ends at ten-week high

Gold rallied nearly 2 percent on Monday to close above $640, its highest level in 10 weeks, buoyed by pent-up demand after a US holiday weekend as crude oil prices strengthened and the dollar fell sharply from last week.
Published 29 Nov, 2006 12:00am
Tokyo gold futures dip

Tokyo gold futures dip

Tokyo gold futures inched down in cautious trade on Tuesday as investors refrained from betting heavily in either direction ahead of a series of US economic data which is expected to provide impetus to currency markets.
Published 29 Nov, 2006 12:00am
Gold near three-month high

Gold near three-month high

Gold hovered near its highest level in more than three months on Tuesday, but investors may hold off chasing the metal too strongly ahead of the release of key US data.
Published 29 Nov, 2006 12:00am
Vietnam coffee prices ease

Vietnam coffee prices ease

Coffee prices in Vietnam, the world's largest producer of robusta beans, eased in the past week as farmers released fresh stocks from the new harvest to cash in on high prices, traders said on Tuesday.
Published 29 Nov, 2006 12:00am
Oil holds above $60 on US weather

Oil holds above $60 on US weather

Oil prices extended gains above $60 on Tuesday as forecasts of a cold spell in the US Northeast buoyed heating oil, and as a weaker dollar and a Saudi warning of possible new output curbs bolstered the market.
Published 29 Nov, 2006 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin closed $95 higher on Tuesday, tracking higher prices on the London Metal Exchange and strong overseas buying at the price, one dealer said.
Published 29 Nov, 2006 12:00am
Shanghai copper falls

Shanghai copper falls

Copper futures in China fell on Tuesday as investors sought to pre-empt any bigger losses in the face of a looming supply surplus. At the Shanghai Futures Exchange, January copper ended the session down 340 yuan at 66,520 yuan ($8,478) a tonne. Copper for
Published 29 Nov, 2006 12:00am
New York sugar ends at two-week peak

New York sugar ends at two-week peak

Raw sugar futures in New York ended up at a 2-week peak on Monday but continued to find stiff resistance near the top of its recent range, leaving prices mired in well-trodden ranges, sources said.
Published 29 Nov, 2006 12:00am
Soyabeans end firm

Soyabeans end firm

Soyabean futures on the Chicago Board of Trade ended firm on Monday on follow-through technical buying from Friday's strong close and contract highs in overnight electronic trading, floor traders said.
Published 29 Nov, 2006 12:00am
Thai corn prices firm

Thai corn prices firm

Thai corn prices are expected to hold firm over the next few days, backed by strong demand from the domestic poultry industry and good overseas demand, traders said on Tuesday.
Published 29 Nov, 2006 12:00am
CBOT rice closes mixed

CBOT rice closes mixed

Rough rice futures at the Chicago Board of Trade closed mixed on Monday in a thinly traded market, traders said. January rice ended unchanged at $9.87 per hundredweight. The back months closed 1-1/2 cent higher to 4 cents lower. Commercial buying by Man F
Published 29 Nov, 2006 12:00am
Tokyo rubber futures easier

Tokyo rubber futures easier

Tokyo rubber futures lost ground on Tuesday as weak fundamentals and Technicals continued to weigh on the market, causing the key contract to hover near a one-year low marked late last week.
Published 29 Nov, 2006 12:00am
Malaysian palm oil down

Malaysian palm oil down

Malaysian crude palm oil futures closed lower on Tuesday, as players took profit after a strong rally and prices of rival soyaoil declined. The benchmark February contract on the Bursar Malaysia Derivative exchange finished down 23 ringgit at 1,898 ringgi
Published 29 Nov, 2006 12:00am
Novartis accelerates new drugs, Galvus misses goal

Novartis accelerates new drugs, Galvus misses goal

Novartis AG is accelerating development of a new wave of drugs to drive sales growth into the next decade, but the Swiss group also said diabetes pill Galvus missed its goal in matching an older rival.
Published 29 Nov, 2006 12:00am
Vietnam ratifies WTO membership

Vietnam ratifies WTO membership

Vietnam on Tuesday ratified the country's admission to the World Trade Organisation (WTO), setting the stage for one of the world's last communist states to enter the global economy this year.
Published 29 Nov, 2006 12:00am
US and Britain call for WTO progress

US and Britain call for WTO progress

Further liberalisation of US and European trade could encourage others to follow, US Treasury Secretary Henry Paulson and British Finance Minister Gordon Brown said in the Wall Street Journal on Monday.
Published 29 Nov, 2006 12:00am
Airbus superjumbo goes down under

Airbus superjumbo goes down under

The Airbus A380, the world's newest airliner, swooped to earth in Australia Tuesday as part of an around-the-world safety trial, as its makers said it was on track for its first delivery next year.
Published 29 Nov, 2006 12:00am
Wall Street's private regulators say to merge

Wall Street's private regulators say to merge

Wall Street's two main private regulatory arms said on Tuesday they have agreed to merge in a widely anticipated move aimed at reducing industry costs and streamlining oversight functions.
Published 29 Nov, 2006 12:00am
BoJ to raise interest rates: Fukui

BoJ to raise interest rates: Fukui

Bank of Japan governor Toshihiko Fukui said Tuesday that the central bank will raise interest rates only gradually to avoid snuffing out the hard-won economic recovery.
Published 29 Nov, 2006 12:00am
LME says mini contracts may be traded via phone

LME says mini contracts may be traded via phone

The London Metal Exchange said on Tuesday it is possible to trade its new mini futures contracts via telephone and not just electronically as some in the metals market believed.
Published 29 Nov, 2006 12:00am
OECD sees only temporary economic slowdown for China

OECD sees only temporary economic slowdown for China

China's economy will see a temporary and only moderate slowdown next year before returning to speedy growth in 2008, the Organisation of Economic Cooperation and Development said Tuesday.
Published 29 Nov, 2006 12:00am
Delta and US Air, creditors to meet this week: lawyer

Delta and US Air, creditors to meet this week: lawyer

US Airways Group Inc will make its case for a take-over of bankrupt Delta Air Lines Inc during a meeting this week with Delta and its creditors, a lawyer for the creditors said on Tuesday.
Published 29 Nov, 2006 12:00am
ECB refinancing at 3.3 percent low

ECB refinancing at 3.3 percent low

The European Central Bank on Tuesday allocated 308 billion euros in 7-day refinancing agreements at a 3.3 percent marginal rate and above, in its weekly refinancing auciton that drained less money than expected from the money market.
Published 29 Nov, 2006 12:00am
Taiwan stocks weaken

Taiwan stocks weaken

Taiwan stocks ended down 0.71 percent on Tuesday, as investors used losses on Wall Street as an excuse to sell tech counters, such as UMC and ASE. After reaching a 6-year high on Monday, the main TAIEX declined 53.21 points to 7,444.94. The electronics su
Published 29 Nov, 2006 12:00am
Jakarta shares fall

Jakarta shares fall

Indonesian shares prices closed sharply lower on Tuesday, falling 2.19 percent as the overnight fall on Wall Street and a weakening rupiah weighed on sentiment, dealers said. They said the decision by some investors to cash in gains also follows the marke
Published 29 Nov, 2006 12:00am
Hong Kong stocks decline

Hong Kong stocks decline

Hong Kong blue chips fell 2.9 percent on Tuesday in their worst one-day percentage drop in six months, as sharp losses on Wall Street triggered a broad sell-off in a market that recently set successive records.
Published 29 Nov, 2006 12:00am
US stocks mark worst drop in months

US stocks mark worst drop in months

US stock indexes sank on Monday, registering their worst day in months, amid concern about Google Inc's valuation and doubts about holiday spending after a disappointing sales estimate from Wal-Mart Stores Inc.
Published 29 Nov, 2006 12:00am
US Treasuries rise

US Treasuries rise

US Treasury debt prices rose on Monday as a sharp drop in Wall Street stocks indexes and the dollar helped lift bonds while traders prepared for a slew of key economic data and Federal Reserve speakers this week.
Published 29 Nov, 2006 12:00am
US Treasuries rise

US Treasuries rise

US Treasury debt prices rose on Monday as a sharp drop in Wall Street stocks indexes and the dollar helped lift bonds while traders prepared for a slew of key economic data and Federal Reserve speakers this week.
Published 29 Nov, 2006 12:00am
Malaysian stocks sag

Malaysian stocks sag

Malaysian share prices closed 1.04 percent lower on Tuesday due to profit-taking in blue chips as investors declined to take any significant positions amid a lack of fresh leads, dealer said.
Published 29 Nov, 2006 12:00am
Thai share at one percent lower

Thai share at one percent lower

Thai share prices closed 1.00 percent lower on Tuesday as investors were downbeat in line with a regional slump following a plunge on Wall Street, dealers said. They said the Thai market also fell on profit-taking, while investors little reacted to the ca
Published 29 Nov, 2006 12:00am
Nikkei tumbles, blue chips fall

Nikkei tumbles, blue chips fall

The Nikkei average edged down 0.19 percent on Tuesday as losses in Honda Motor Co and other blue chip stocks were mostly offset by gains in Softbank Corp and recently battered stocks such as banks. Auto makers and technology companies such as Kyocera Corp
Published 29 Nov, 2006 12:00am
Singapore shares sharply down

Singapore shares sharply down

Singapore share prices closed sharply lower on Tuesday on profit-taking following Wall Street's pullback and weakness in other regional bourses, dealers said. The Straits Times Index closed down 53.13 points or 1.87 percent at 2,787.81. It was the first t
Published 29 Nov, 2006 12:00am
Indian shares slump

Indian shares slump

Indian share prices closed down 1.25 percent on Tuesday as investors locked-in gains from record levels and took note of a sharp fall on Wall Street overnight, dealers said. They said that software companies led the fall as the majority of their sales are
Published 29 Nov, 2006 12:00am
Philippines shares dip

Philippines shares dip

Philippine share prices closed 1.36 percent lower on Tuesday with Wall Street's sharp retreat overnight providing an excuse to take profits, dealers said.
Published 29 Nov, 2006 12:00am
Swiss franc flat versus euro

Swiss franc flat versus euro

The Swiss franc stood mostly flat against the euro and strengthened slightly versus the dollar early on Tuesday ahead of a slew of data this week that may shed further light on whether the Swiss economy's healthy growth pace is continuing.
Published 29 Nov, 2006 12:00am
Yuan ends at post-revaluation high

Yuan ends at post-revaluation high

China's yuan reversed earlier weakness to hit a post-revaluation high against the dollar for the fourth straight day on Tuesday, after a few yuan-buying deals in the last 20 minutes of trade.
Published 29 Nov, 2006 12:00am
Dollar inches away from 20-month lows

Dollar inches away from 20-month lows

The dollar edged up against the euro on Tuesday on profit-taking after sliding to a 20-month low in the previous session on stagnating interest rates in the United States and rising yields in the euro zone.
Published 29 Nov, 2006 12:00am
Dollar touches 20-month low

Dollar touches 20-month low

The dollar fell to a 20-month low against the euro on Monday on continued concern that the euro zone interest rate outlook is more favourable than that in the United States.
Published 29 Nov, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 68.20/70.90 (previous 70.00/71.10). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent.
Published 29 Nov, 2006 12:00am
Australian dollar stalls below 78 cents

Australian dollar stalls below 78 cents

The Australian dollar was capped just below $0.7800 on Tuesday as caution set in ahead of US economic data and a speech by the Federal Reserve chief, but found support from a broadly weaker US dollar.
Published 29 Nov, 2006 12:00am
Asian currencies edge down

Asian currencies edge down

Most Asian currencies edged down against the dollar on Tuesday, undermined by a sell-off in equities, a rise in oil prices and wariness about central bank intervention to rein in local currency strength.
Published 29 Nov, 2006 12:00am
Hong Kong dollar firms

Hong Kong dollar firms

The Hong Kong dollar was steady to a tad firmer on Tuesday despite a steep decline in the local stock market. "There has been some US dollar selling for Hong Kong dollars throughout the day, possibly some inflow of funds for upcoming IPOs," said a dealer
Published 29 Nov, 2006 12:00am
FIFA applauds removal of top Kenya football officials

FIFA applauds removal of top Kenya football officials

FIFA on Tuesday lauded the removal of two top officials from the suspended Kenya Football Federation (KFF) as a step in the right direction to bring the country back into world soccer.
Published 29 Nov, 2006 12:00am
Experts approve Shabbir's bowling action

Experts approve Shabbir's bowling action

The bowling action of pacer Shabbir Ahmad has been declared correct and within the legitimate parameters laid by the International Cricket Council (ICC).
Published 29 Nov, 2006 12:00am
Russia captain chasing Davis Cup milestones

Russia captain chasing Davis Cup milestones

With a powerful line-up featuring Nikolay Davydenko, Marat Safin and Dmitry Tursunov, Russia are considered the overwhelming favourites when they host Argentina in this weekend's Davis Cup final.
Published 29 Nov, 2006 12:00am
Chinese Olympic focus will not stop Doha gold rush

Chinese Olympic focus will not stop Doha gold rush

China are unlikely to relinquish their 24-year grip on the top of the Asian Games medals table despite using Doha to give their younger athletes big-event experience ahead of the Beijing Olympics.
Published 29 Nov, 2006 12:00am
Inzamam terms Karachi wicket substandard

Inzamam terms Karachi wicket substandard

Pakistan captain Inzamam-ul-Haq has described the pitch for the third and final test against West Indies as substandard. Pakistan were bowled out for 304 runs on the second day after struggling to 257 for seven on day one despite a hundred from Mohammad Y
Published 29 Nov, 2006 12:00am
Ganga stands firm after Gul and Kaneria strike

Ganga stands firm after Gul and Kaneria strike

West Indies opener Daren Ganga played a lone hand of 77 to keep his team alive in the third and final test against Pakistan on Tuesday. Ganga steered West Indies to 191 for six at close on day two with his defiant and unbeaten knock on a slow, low bouncin
Published 29 Nov, 2006 12:00am
Iran-held Frenchman 'a victim of maps', wife says

Iran-held Frenchman 'a victim of maps', wife says

The wife of a Frenchman held in Iran for illegal entry said on Tuesday he was the victim of a territorial dispute between Iran and the United Arab Emirates, his country of residence.
Published 29 Nov, 2006 12:00am
UN police fire teargas at Kosovo protesters

UN police fire teargas at Kosovo protesters

UN police in Kosovo fired teargas to disperse ethnic Albanian protesters lobbing stones at the UN headquarters on Tuesday, angry at a delay to their demand for independence from Serbia.
Published 29 Nov, 2006 12:00am
Canada warns public support at risk in Afghan role

Canada warns public support at risk in Afghan role

Public support in Canada for its participation in Nato peacekeeping in Afghanistan could dissolve if other allies do not help its troops in the violent south, Foreign Minister Peter MacKay said on Tuesday.
Published 29 Nov, 2006 12:00am
India urges Sri Lanka to maintain ethnic harmony

India urges Sri Lanka to maintain ethnic harmony

India urged Sri Lanka's visiting president on Tuesday to push for peace and ethnic harmony in his island nation, amid an escalation of a two-decade-long civil war.
Published 29 Nov, 2006 12:00am
Jailed cleric Hamza loses conviction appeal

Jailed cleric Hamza loses conviction appeal

Muslim cleric Abu Hamza al-Masri lost his appeal on Tuesday against convictions for inciting racial hatred and soliciting murder after top judges ruled he did receive a fair trial.
Published 29 Nov, 2006 12:00am
Rwandans united in anger at France

Rwandans united in anger at France

Protesting at what they insist is France's role in their nation's genocide, Rwandans from all walks of life have united in fury at calls last week by a French judge for their President Paul Kagame to be arrested.
Published 29 Nov, 2006 12:00am
Britain to keep significant force in Iraq: Blair

Britain to keep significant force in Iraq: Blair

Prime Minister Tony Blair said on Tuesday British troops would stay in Iraq in significant numbers even if a planned handover of security responsibilities to Iraqi forces in the south was successful next year.
Published 29 Nov, 2006 12:00am
North dominates South Korea October interest rate meeting

North dominates South Korea October interest rate meeting

Concerns about tensions over North Korea's October 9 nuclear test were the main factor behind the South Korean central bank's decision to hold interest rates steady on October 12, minutes from the meeting released on Tuesday showed.
Published 29 Nov, 2006 12:00am
Israel to let Abbas deploy loyalist brigade in Gaza

Israel to let Abbas deploy loyalist brigade in Gaza

Israel has agreed in principle to let Palestinian President Mahmoud Abbas send a security force loyal to him into Gaza, where a fragile truce is in effect, an Israeli diplomatic source said on Tuesday.
Published 29 Nov, 2006 12:00am