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Print - 2007-01-21
Railways to rehabilitate power stations: Rashid

Railways to rehabilitate power stations: Rashid

Pakistan Railways is rehabilitating its power stations in five big cities of the country and in this regard it will invite bids from foreign companies on equity basis. Announcing this at news conference Railways Minister Sh. Rashid Ahmed said here on Satu
Published 21 Jan, 2007 12:00am
Two dead in southern Guinea as violence spreads

Two dead in southern Guinea as violence spreads

At least two people were killed in clashes in the southern Guinean town of Nzerekore on Saturday as violence triggered by a crippling strike spread deeper into the West African country, residents said.
Published 21 Jan, 2007 12:00am
Carpet exports down 18 percent

Carpet exports down 18 percent

Carpet exports declined by 18 percent during the first half of the current fiscal year (July-December) mainly due to high competition in the international market, trade sources said on Saturday. Updated statistics at the end of December 2006 show that las
Published 21 Jan, 2007 12:00am
Carpet exports down 18 percent

Carpet exports down 18 percent

Carpet exports declined by 18 percent during the first half of the current fiscal year (July-December) mainly due to high competition in the international market, trade sources said on Saturday. Updated statistics at the end of December 2006 show that las
Published 21 Jan, 2007 12:00am
Carpet exports down 18 percent

Carpet exports down 18 percent

Carpet exports declined by 18 percent during the first half of the current fiscal year (July-December) mainly due to high competition in the international market, trade sources said on Saturday. Updated statistics at the end of December 2006 show that las
Published 21 Jan, 2007 12:00am
118 Afghans arrested for fake documents

118 Afghans arrested for fake documents

Pakistani immigration on Saturday arrested 118 Afghans who had gone to Saudi Arabia on illegally obtained Pakistani passports, officials here said.
Published 21 Jan, 2007 12:00am
118 Afghans arrested for fake documents

118 Afghans arrested for fake documents

Pakistani immigration on Saturday arrested 118 Afghans who had gone to Saudi Arabia on illegally obtained Pakistani passports, officials here said.
Published 21 Jan, 2007 12:00am
TCP floats tender

TCP floats tender

Trading Corporation of Pakistan (TCP) has floated a tender for the sale of 132.5 metric tonnes of clean urea and 200 metric tonnes of urea sweeping. According to a TCP official here on Saturday, the bidding will be held on February 6, at the corporation's
Published 21 Jan, 2007 12:00am
TCP floats tender

TCP floats tender

Trading Corporation of Pakistan (TCP) has floated a tender for the sale of 132.5 metric tonnes of clean urea and 200 metric tonnes of urea sweeping. According to a TCP official here on Saturday, the bidding will be held on February 6, at the corporation's
Published 21 Jan, 2007 12:00am
TCP floats tender

TCP floats tender

Trading Corporation of Pakistan (TCP) has floated a tender for the sale of 132.5 metric tonnes of clean urea and 200 metric tonnes of urea sweeping. According to a TCP official here on Saturday, the bidding will be held on February 6, at the corporation''
Published 21 Jan, 2007 12:00am
NHA causes huge losses to exchequer

NHA causes huge losses to exchequer

The National Highway Authority (NHA) has caused huge financial loss to the national exchequer by signing more than 150 lease agreements of prime land with individuals and firms at throw-away prices. The communication ministry is all set to probe the mega
Published 21 Jan, 2007 12:00am
NHA causes huge losses to exchequer

NHA causes huge losses to exchequer

The National Highway Authority (NHA) has caused huge financial loss to the national exchequer by signing more than 150 lease agreements of prime land with individuals and firms at throw-away prices. The communication ministry is all set to probe the mega
Published 21 Jan, 2007 12:00am
NHA causes huge losses to exchequer

NHA causes huge losses to exchequer

The National Highway Authority (NHA) has caused huge financial loss to the national exchequer by signing more than 150 lease agreements of prime land with individuals and firms at throw-away prices. The communication ministry is all set to probe the mega
Published 21 Jan, 2007 12:00am
Abbas in Syria for Hamas crisis talks

Abbas in Syria for Hamas crisis talks

Syria affirmed its commitment to Palestinian unity Saturday as its leader Bashar al-Assad met his Palestinian counterpart Mahmud Abbas, locked in an often-violent power struggle with Hamas.
Published 21 Jan, 2007 12:00am
1,173 taxpayers want ADR applied

1,173 taxpayers want ADR applied

The Central Board of Revenue (CBR) has received 1,173 applications of taxpayers for settlement of tax-related disputes under the Alternative Dispute Resolution (ADR) mechanism. Sources said on Saturday that out of 1,173 applications received under ADR, 10
Published 21 Jan, 2007 12:00am
1,173 taxpayers want ADR applied

1,173 taxpayers want ADR applied

The Central Board of Revenue (CBR) has received 1,173 applications of taxpayers for settlement of tax-related disputes under the Alternative Dispute Resolution (ADR) mechanism. Sources said on Saturday that out of 1,173 applications received under ADR, 10
Published 21 Jan, 2007 12:00am
1,173 taxpayers want ADR applied

1,173 taxpayers want ADR applied

The Central Board of Revenue (CBR) has received 1,173 applications of taxpayers for settlement of tax-related disputes under the Alternative Dispute Resolution (ADR) mechanism. Sources said on Saturday that out of 1,173 applications received under ADR, 10
Published 21 Jan, 2007 12:00am
Hillary Clinton bids for 2008 presidential election

Hillary Clinton bids for 2008 presidential election

Democratic Senator and former first lady Hillary Clinton has earned a reputation for tackling daunting challenges head on, but her bid to become America's first woman president could prove her toughest fight yet.
Published 21 Jan, 2007 12:00am
Hillary Clinton bids for 2008 presidential election

Hillary Clinton bids for 2008 presidential election

Democratic Senator and former first lady Hillary Clinton has earned a reputation for tackling daunting challenges head on, but her bid to become America's first woman president could prove her toughest fight yet.
Published 21 Jan, 2007 12:00am
Incentives to raise pulses production suggested

Incentives to raise pulses production suggested

Lack of technological support and incentives to the growers of pulses, and less lucrative support price are not only shrinking their cultivation area but also increasing the import bill, it is learnt.
Published 21 Jan, 2007 12:00am
Incentives to raise pulses production suggested

Incentives to raise pulses production suggested

Lack of technological support and incentives to the growers of pulses, and less lucrative support price are not only shrinking their cultivation area but also increasing the import bill, it is learnt.
Published 21 Jan, 2007 12:00am
Incentives to raise pulses production suggested

Incentives to raise pulses production suggested

Lack of technological support and incentives to the growers of pulses, and less lucrative support price are not only shrinking their cultivation area but also increasing the import bill, it is learnt.
Published 21 Jan, 2007 12:00am
'Polls of all trade bodies to be held under new law'

'Polls of all trade bodies to be held under new law'

The Commerce Minister, Humayun Akhtar, has said that election of all trade bodies in the country will be held according to the new Trade Organisation Ordinance 2006. Speaking at a dinner meeting hosted by former President of Karachi Chamber of Commerce an
Published 21 Jan, 2007 12:00am
'Polls of all trade bodies to be held under new law'

'Polls of all trade bodies to be held under new law'

The Commerce Minister, Humayun Akhtar, has said that election of all trade bodies in the country will be held according to the new Trade Organisation Ordinance 2006. Speaking at a dinner meeting hosted by former President of Karachi Chamber of Commerce an
Published 21 Jan, 2007 12:00am
''Polls of all trade bodies to be held under new law''

''Polls of all trade bodies to be held under new law''

The Commerce Minister, Humayun Akhtar, has said that election of all trade bodies in the country will be held according to the new Trade Organisation Ordinance 2006. Speaking at a dinner meeting hosted by former President of Karachi Chamber of Commerce an
Published 21 Jan, 2007 12:00am
Second nuclear power plant to be completed ahead of schedule

Second nuclear power plant to be completed ahead of schedule

Second nuclear power plant at Chashma would be completed ahead of its schedule, said Dr Ansar Pervaiz, member, (science), Pakistan Atomic Energy Commission (PAEC). He was talking to journalists after attending the ISO certificate awarding ceremony to Punj
Published 21 Jan, 2007 12:00am
EoIs invited for setting up 55 low-budget hotels

EoIs invited for setting up 55 low-budget hotels

Pakistan Railways (PR) has invited Expressions of Interest (EoIs) for establishment of 55 low-budget hotels in the different cities across the country. These hotels are aimed at providing better accommodation to the people at comparatively affordable rate
Published 21 Jan, 2007 12:00am
No Koocha-e-Saqafat during Muharram

No Koocha-e-Saqafat during Muharram

The Arts Council of Pakistan on Saturday announced that the weekly Koocha-e-Saqafat, organised for the promotion of folk culture and literature, would not be held from January 21 to 28, due to Muharram-ul-Haram.
Published 21 Jan, 2007 12:00am
Thar Express to run from March 10

Thar Express to run from March 10

India refusing to run Thar Express from March 3 has given the new date of March 10, while the Federal Minister for Railways, Sheikh Rashid Ahmad said that at first the passenger train would be run on Khokharapar-Mobabao route and, thereafter, the freight
Published 21 Jan, 2007 12:00am
Islamic financial market workshops from January 24

Islamic financial market workshops from January 24

The International Islamic Financial Market and Islamic Research and Training Institute are organising a highly specialised, technical conference and workshops on Islamic financial markets on January 24 and 25, 2007 in Karachi at the Marriott Hotel.
Published 21 Jan, 2007 12:00am
'Tourism third source of revenue in world'

'Tourism third source of revenue in world'

Punjab Governor Lieutenant General Khalid Maqbool (Retd) has said that tourism is third source of revenue in the world; similarly if it is developed in Pakistan it could earn a huge amount of revenue for national exchequer.
Published 21 Jan, 2007 12:00am
President urges nation to shun sectarianism and extremism

President urges nation to shun sectarianism and extremism

President General Pervez Musharraf has urged the nation to rise above petty differences, sectarianism and extremism, by adhering to the golden principles of Islam. In a message to the nation on the advent of new Islamic year, the President said.
Published 21 Jan, 2007 12:00am
Prime Minister appeals for peace during Muharram

Prime Minister appeals for peace during Muharram

Prime Minister Shaukat Aziz has appealed to Ulema of various schools of thought to ensure peace, harmony across the country during month of Muharram, which holds special significance and sanctity for the Muslims.
Published 21 Jan, 2007 12:00am
Peace committee members meet NWFP governor

Peace committee members meet NWFP governor

A 15-member peace committee of North Waziristan called on the NWFP Governor Lieutenant. General Ali Muhammad Jan Aurakzai (Retd) at Governor's House here on Saturday to review the state of implementation of peace agreement of North Waziristan. Officials o
Published 21 Jan, 2007 12:00am
Security plan for Muharram finalised

Security plan for Muharram finalised

The Sialkot district administration has prepared a foolproof security plan for maintaining the law and order during the month of Muharram in Sialkot, Daska, Pasrur and Daska tehsil of the district said District Co-ordination Officer Rizwan ullah Baig.
Published 21 Jan, 2007 12:00am
Balochs assured of government's deep commitment for province's uplift

Balochs assured of government's deep commitment for province's uplift

The spokesman for the Government of Balochistan, Raziq Bugti, said on Saturday that the present government, particularly President General Pervez Musharraf, has a deep commitment to uplift the living conditions of the Baloch people, and a number of steps
Published 21 Jan, 2007 12:00am
Shaukat meets former Prime Minister of Norway

Shaukat meets former Prime Minister of Norway

Prime Minister Shaukat Aziz on Saturday emphasised the need to promote interfaith harmony and find the solution to economic and social security problems to tackle the issue of extremism. He was talking to former Prime Minister of Norway Kjell Magne Bondev
Published 21 Jan, 2007 12:00am
Asma Anisa new envoy to France

Asma Anisa new envoy to France

The government has appointed Asma Anisa as Pakistan's ambassador to France, said a Foreign Office notification on Saturday. Asma Anisa holds Masters degree in Philosophy, and Defence and Strategic Studies.
Published 21 Jan, 2007 12:00am
Nazim wants traffic police under CDGK

Nazim wants traffic police under CDGK

City Nazim Syed Mustafa Kamal has called for bringing the traffic police under the direct authority of the City District Government Karachi (CDGK) to cope with the increasing traffic problems in a proper manner across the metropolis.
Published 21 Jan, 2007 12:00am
'Hamara Karachi' festival to create harmony among public: Nasreen

'Hamara Karachi' festival to create harmony among public: Nasreen

The 'Hamara Karachi' festival was aimed to bring the public of the metropolis closer to one another and to highlight the Karachi's cultural and historical heritage. Addressing a press conference on Saturday at Karachi Press Club (KPC) Naib Nazim Nasreen J
Published 21 Jan, 2007 12:00am
Arrangements being finalised to preserve Iqbal Manzil

Arrangements being finalised to preserve Iqbal Manzil

District Co-ordination Officer (DCO) Sialkot Rizwan Ullah Baig has said that necessary arrangements were being given final touches for maintaining Iqbal Manzil Sialkot (the birth place of Allama Iqbal).
Published 21 Jan, 2007 12:00am
Durrani approves Rs 716 million for uplift schemes

Durrani approves Rs 716 million for uplift schemes

Chief Minister NWFP Akram Khan Durrani on Saturday approved release of Rs716.664 million for construction of Chitral bypass, expansion of irrigation scheme in Booni and completion of the Phase-II of the water supply and sanitation schemes NWFP.
Published 21 Jan, 2007 12:00am
Rs 11 billion to be spent on uplift schemes in Lahore: Nazim

Rs 11 billion to be spent on uplift schemes in Lahore: Nazim

District Nazim Mian Amer Mahmood has said that an amount of Rs 11 billion would be spent in next three years for providing high-quality civic amenities to the people of Lahore under a special package of Punjab Chief Minister Chaudhry Pervez Elahi.
Published 21 Jan, 2007 12:00am
Centre breaches accord on hydel profit: Fazl

Centre breaches accord on hydel profit: Fazl

The Leader of the Opposition in the National Assembly Maulana Fazl-ur-Rehman on Saturday charged the federal government of violating agreement with the provincial government. He said that it was agreed that none of the party would challenge the decision o
Published 21 Jan, 2007 12:00am
APHC leader wants Kashmiri participation in peace dialogue

APHC leader wants Kashmiri participation in peace dialogue

Chairman of All Parties Hurriyat Conference (APHC) Mirwaiz Omer Farooq on Saturday said that tripartite dialogue involving Pakistan, India and Kashmiri people is vital to find a durable solution to the long-running Kashmir dispute.
Published 21 Jan, 2007 12:00am
Need stressed to change mental attitude towards new technologies

Need stressed to change mental attitude towards new technologies

Tanvir Ahmad Sheikh, President, FPCCI said to meet the challenges of globalisation we need to change our mental attitude and give first priority to adopt new technologies. He was addressing the participants of National Defence Course 2006-07 who visited F
Published 21 Jan, 2007 12:00am
Four PIA employees rewarded for exemplary service

Four PIA employees rewarded for exemplary service

PIA Chairman and CEO Tariq Kirmani honoured and awarded cash prizes to four PIA employees--one Aircraft Engineer, one Pax Services Officer, one Security Guard, and one Baggage Attendant--in a simple ceremony held in his office at the PIA Headquarters on T
Published 21 Jan, 2007 12:00am
PTCL suffers millions loss from damage in uplift works

PTCL suffers millions loss from damage in uplift works

Pakistan Telecommunication Company Limited (PTCL) on Saturday said that 24070 telephone lines went faulty within one week and major network suffered due to damage to underground cables during the unplanned development activities continuing in various area
Published 21 Jan, 2007 12:00am
Housing ministry seeks details about real estate trust

Housing ministry seeks details about real estate trust

Federal Minister for Housing and Works Syed Safwanullah has said that his Ministry has asked the Securities & Exchange Commission of Pakistan (SECP) to provide detailed information on Real Estate Investment Trust (REIT) to run this industry in a transpare
Published 21 Jan, 2007 12:00am
US diplomat killing case hearing adjourned

US diplomat killing case hearing adjourned

Anti-Terrorism Court, Karachi on Saturday adjourned hearing of United States diplomat killing trial case against two al Qaeeda suspects after examination of two prosecution witnesses.
Published 21 Jan, 2007 12:00am
15,000 people in Pakistan facing renal failure every year

15,000 people in Pakistan facing renal failure every year

With an estimated 15,000 people in Pakistan are facing renal failure every year, there is dire need to regulate kidney transplantation in the country through a comprehensive law instead of imposing a complete ban over kidney transplant.
Published 21 Jan, 2007 12:00am
Establishment of telemedicine centres under study

Establishment of telemedicine centres under study

With a view to providing modern healthcare facilities to people particularly of rural and far flung areas, the Punjab government, under the Chief Minister's Vision - Health for All - is considering a proposal for establishment of telemedicine centres acro
Published 21 Jan, 2007 12:00am
Co-curricular activities improve student's capabilities

Co-curricular activities improve student's capabilities

Advisor to Punjab Chief Minister Saba Sadiq has said that co-curricular activities like fun fair polish the hidden capabilities of the younger generation and especially girl students can get more benefit from such type of events.
Published 21 Jan, 2007 12:00am
SAHR to hold human rights moot in March

SAHR to hold human rights moot in March

South Asian for Human Rights (SAHR) would hold a three-day conference entitled 'Regional Consultation' on March 16. Asma Jhangir, SAHR Pakistan Co-Chairperson, disclosed this while talking to newsmen here on Saturday, after a meeting of SAHR that discusse
Published 21 Jan, 2007 12:00am
Punjab government to provide land for software park

Punjab government to provide land for software park

Punjab government would provide land to Pakistan Information Technology Board (PITB) for establishing a Software Technology Park (STP) in Rawalpindi, said Muhammad Basharat Raja, Provincial Minister for Local Government, Rural Development, Law and Parliam
Published 21 Jan, 2007 12:00am
'Sino-Pak friendship important for economic uplift'

'Sino-Pak friendship important for economic uplift'

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that the Sino-Pak friendship and the mutual co-operation between the two countries is extremely important regarding the world peace and the economic development of the country.
Published 21 Jan, 2007 12:00am
PIA holds 3rd national travel agents awards ceremony

PIA holds 3rd national travel agents awards ceremony

Pakistan International Airlines (PIA) held its 3rd Top Fifty Travel Agents Awards Ceremony on Thursday, at the PIA Training Center, Auditorium. The Senior Vice President, Sales, welcomed the guests, and appraised the audience that the awards will be in th
Published 21 Jan, 2007 12:00am
Security beefed up in Rawalpindi for Muharram

Security beefed up in Rawalpindi for Muharram

The Government has beefed up security in Rawalpindi in view of Muharram and decided to deploy 4,871 police in district along with personnel from other law enforcing agencies, said Raja Javed Ikhlas, City District Nazim Rawalpindi here on Saturday.
Published 21 Jan, 2007 12:00am
IMM speculators raise yen shorts to record high

IMM speculators raise yen shorts to record high

Currency speculators built up record bets against the yen in the week to Tuesday and extended their overall positions in favour of the dollar, data from the Commodity Futures Trading Commission shows.
Published 21 Jan, 2007 12:00am
Russia and Algeria see 'gas Opec' premature

Russia and Algeria see 'gas Opec' premature

Two of top European gas suppliers, Russia and Algeria, sought to calm fears among their consumers on Saturday that they plan to set up an Opec-like cartel for the gas industry.
Published 21 Jan, 2007 12:00am
Reliance third quarter profit surges

Reliance third quarter profit surges

Reliance Industries Ltd, India's top private oil refiner and petrochemical maker, beat forecasts with a 58 percent rise in quarterly net profit driven by higher margins in refining and petrochemicals.
Published 21 Jan, 2007 12:00am
Reliance third quarter profit surges

Reliance third quarter profit surges

Reliance Industries Ltd, India's top private oil refiner and petrochemical maker, beat forecasts with a 58 percent rise in quarterly net profit driven by higher margins in refining and petrochemicals.
Published 21 Jan, 2007 12:00am
Meat imports: Poland to keep veto on EU-Russia talks

Meat imports: Poland to keep veto on EU-Russia talks

Poland will uphold its veto on talks for a new partnership agreement between the European Union and Russia until Moscow lifts its ban on Polish meat imports, Warsaw's Agriculture Minister Andrzej Lepper said on Saturday.
Published 21 Jan, 2007 12:00am
Iran wants gasoline rationing from March

Iran wants gasoline rationing from March

Iran's interior minister said on Saturday the government wants to ration gasoline for the next Iranian year beginning March 21 despite parliament's wish to introduce dual pricing instead.
Published 21 Jan, 2007 12:00am
Airbus has fixed A380 cable problem

Airbus has fixed A380 cable problem

European planemaker Airbus, which has been hit by major project delays, said on Saturday it had fixed problems surrounding the cables of its A380 superjumbo. "We have finished the electrical installation," said Airbus spokesman Tore Prang, confirming an e
Published 21 Jan, 2007 12:00am
EU to back top three eurozone economies' fiscal plans

EU to back top three eurozone economies' fiscal plans

The European Commission next week will back deficit and debt-cutting plans from Germany, France and Italy but also urge them to use the economic upswing for more ambitious austerity efforts, draft documents showed.
Published 21 Jan, 2007 12:00am
Germany opposes EU utility unbundling idea

Germany opposes EU utility unbundling idea

German Foreign Minister Frank-Walter Steinmeier was quoted on Saturday as saying he opposed European Commission proposals on unbundling the ownership of energy networks in the European Union. "In my opinion, it's an unacceptable proposal for us," Steinmei
Published 21 Jan, 2007 12:00am
Canadian bond prices slip

Canadian bond prices slip

The Canadian bond prices slipped on Friday, but outperformed US Treasuries, due to the tepid domestic data. Bond prices have generally been in retreat of late as the market has priced out previously expected interest rate cuts.
Published 21 Jan, 2007 12:00am
Canadian bond prices slip

Canadian bond prices slip

The Canadian bond prices slipped on Friday, but outperformed US Treasuries, due to the tepid domestic data. Bond prices have generally been in retreat of late as the market has priced out previously expected interest rate cuts.
Published 21 Jan, 2007 12:00am
Emerging debt risk spreads tighten

Emerging debt risk spreads tighten

Emerging markets risk spreads tightened on Friday as investors continued to pour money into high-yielding bonds despite a rise in safe-haven US Treasuries yields.
Published 21 Jan, 2007 12:00am
Emerging debt risk spreads tighten

Emerging debt risk spreads tighten

Emerging markets risk spreads tightened on Friday as investors continued to pour money into high-yielding bonds despite a rise in safe-haven US Treasuries yields.
Published 21 Jan, 2007 12:00am
Mexican stocks finish firmer

Mexican stocks finish firmer

The Mexico's benchmark IPC stock index rose 0.38 percent to 26,213.38 points on Friday. The Conglomerate Group Carso, an industrial and retail holding company controlled by Mexican tycoon Carlos Slim, climbed 3.33 percent to 39.14 pesos.
Published 21 Jan, 2007 12:00am
Toronto index jumps

Toronto index jumps

The Toronto Stock Exchange's main index rose almost 80 points on Friday as a rebound in commodity prices helped energy and mining shares push the benchmark to finish a flat week on a positive note.
Published 21 Jan, 2007 12:00am
Reinsurer IPOs line up amid bright outlook

Reinsurer IPOs line up amid bright outlook

Four reinsurers, flush from a year without catastrophic storms and with higher premiums, are set to test investor enthusiasm with a series of US stock listings.
Published 21 Jan, 2007 12:00am
Reinsurer IPOs line up amid bright outlook

Reinsurer IPOs line up amid bright outlook

Four reinsurers, flush from a year without catastrophic storms and with higher premiums, are set to test investor enthusiasm with a series of US stock listings.
Published 21 Jan, 2007 12:00am
European Stocks: investors limber up for key earnings

European Stocks: investors limber up for key earnings

Investors will wade into a stream of European company results next week to help judge if shares will continue to test six-year highs, while weighing economic data to tell if interest rates could pose a health risk to those levels.
Published 21 Jan, 2007 12:00am
Argentine stocks soar

Argentine stocks soar

Argentine stocks rebounded after three straight days of losses, closing up on Friday after higher crude oil prices helped boost shares in locally traded energy-related companies, traders said.
Published 21 Jan, 2007 12:00am
Chile stocks close week on new record high

Chile stocks close week on new record high

Chile stocks closed higher in brisk trade for a seventh consecutive session on Friday, as investor demand remained strong. The all-market IGPA rose 0.44 percent to 12,725.99 points, while the trade-weighted blue chip IPSA index advanced 0.66 percent to 2,
Published 21 Jan, 2007 12:00am
US Treasuries tumble

US Treasuries tumble

US Treasury debt prices fell on Friday after a surprisingly strong reading of January consumer sentiment reinforced the view that the Federal Reserve will not cut official interest rates anytime soon.
Published 21 Jan, 2007 12:00am
US Treasuries tumble

US Treasuries tumble

US Treasury debt prices fell on Friday after a surprisingly strong reading of January consumer sentiment reinforced the view that the Federal Reserve will not cut official interest rates anytime soon.
Published 21 Jan, 2007 12:00am
Brazil stocks rise

Brazil stocks rise

Brazil's stocks rose on Friday, helped by gains in state-run oil giant Petrobras, which got a coveted investment-grade rating by Standard & Poor's. The Sao Paulo Stock Exchange's benchmark Bovespa index rose 2.24 percent to a preliminary close of 43,427 p
Published 21 Jan, 2007 12:00am
American credit market outlook

American credit market outlook

Altria Group Inc's credit spreads may still have room to tighten once the cigarette maker announces its spinoff of Kraft Foods Inc, but its bonds may already have priced in much of the future credit improvement. Altria, the parent of Philip Morris USA, ha
Published 21 Jan, 2007 12:00am
American credit market outlook

American credit market outlook

Altria Group Inc's credit spreads may still have room to tighten once the cigarette maker announces its spinoff of Kraft Foods Inc, but its bonds may already have priced in much of the future credit improvement. Altria, the parent of Philip Morris USA, ha
Published 21 Jan, 2007 12:00am
Nasdaq and S&P finish firmer

Nasdaq and S&P finish firmer

The S&P 500 and the Nasdaq Composite ended higher on Friday after a rebound in oil prices boosted energy shares and a chip maker's forecast-beating results revived semiconductor stocks.
Published 21 Jan, 2007 12:00am
Hong Kong December CPI seen rising 2.3 percent

Hong Kong December CPI seen rising 2.3 percent

Hong Kong's composite consumer price index (CPI) probably rose 2.3 percent in December from a year earlier, accelerating from November as a weak Hong Kong dollar boosted the price of imported goods, a Reuters survey shows. In November, the index increased
Published 21 Jan, 2007 12:00am
Easy money in Asia prompts tailored policies

Easy money in Asia prompts tailored policies

Asian central banks are using tailored policies to combat the threat from a flood of easy money, keen to avoid interest rate rises given that headline inflation and economic growth are expected to ease.
Published 21 Jan, 2007 12:00am
Dollar ends little changed in New York

Dollar ends little changed in New York

The US dollar ended little changed on Friday, giving up on early gains seen after a stronger-than-expected US consumer sentiment report, as traders sold the currency as a six week rally began to wane.
Published 21 Jan, 2007 12:00am
Forex market views, key levels

Forex market views, key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange markets.
Published 21 Jan, 2007 12:00am
China reaffirms goal of boosting strategic imports

China reaffirms goal of boosting strategic imports

China will redouble efforts to trim its trade surplus by encouraging the import of strategic resources and high-technology products while restricting exports of energy-intensive goods, government officials said on Saturday.
Published 21 Jan, 2007 12:00am
Where globalisation seems a world away

Where globalisation seems a world away

Wubit Shiferaw blanches at the smell from the open latrine pit that passes beneath her feet in her Addis Ababa slum dwelling and declares: "The conditions are simply just unbearable."
Published 21 Jan, 2007 12:00am
'Under construction road creating hurdles for tourists'

'Under construction road creating hurdles for tourists'

NWFP Minister for Tourism and Culture, Hussain Ahmad Kanju said on Saturday that the under construction Malakand-Swat road has become major hurdle in the promotion of tourism and access of tourists to attractive places of Dir and scenic valley Swat of the
Published 21 Jan, 2007 12:00am
Old buses

Old buses

City Government has removed illegal encroachments and constructed bridges, Flyover's to keep Karachi beautiful and clean. No doubt they are doing well.
Published 21 Jan, 2007 12:00am
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