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Print - 2007-04-09
Setting up of mass transit authority on the cards

Setting up of mass transit authority on the cards

The government is likely to establish National Mass Transit Authority (Namta) for conducting feasibility studies to plan and develop mass transit system for major cities as the Punjab is unwilling to attach itself with the centre, official sources told <i
Published 09 Apr, 2007 12:00am
Stem cell vote set for US Congress this week

Stem cell vote set for US Congress this week

Stem cells will be at the top of the agenda for the US Senate when it returns on Tuesday with supporters of the research hoping they can change the president's mind on the issue and opponents hoping to have a say about their stand.
Published 09 Apr, 2007 12:00am
Speculations about change in government refuted

Speculations about change in government refuted

A spokesman for President General Pervez Musharraf strongly refuted on Sunday all speculations regarding change in the government and a deal with an opposition party. He was commenting on repeated reports to this effect in a section of the media.
Published 09 Apr, 2007 12:00am
Philippines creates anti-hunger task force

Philippines creates anti-hunger task force

The Philippines on Sunday announced a new anti-hunger task force after a survey last month found that 3.4 million households had suffered starvation recently, despite economic growth. President Gloria Arroyo said the task force would work closely with rel
Published 09 Apr, 2007 12:00am
Beijing cracks down on mobile phone porn

Beijing cracks down on mobile phone porn

Beijing has banned sending pornographic text messages or pictures via mobile phones after busting phone dealers who sold mass-storage devices containing porn, state media reported on March 28.
Published 09 Apr, 2007 12:00am
Indian monetary 'shock therapy' to slow economy

Indian monetary 'shock therapy' to slow economy

Aggressive anti-inflation moves by India's central bank will slow scorching economic growth but are unlikely to result in a "hard landing," economists say. The Reserve Bank of India surprised markets late last month when it sharply tightened monetary poli
Published 09 Apr, 2007 12:00am
Speculations about change in government refuted

Speculations about change in government refuted

A spokesman for President General Pervez Musharraf strongly refuted on Sunday all speculations regarding change in the government and a deal with an opposition party. He was commenting on repeated reports to this effect in a section of the media.
Published 09 Apr, 2007 12:00am
Tamweel to sell $1.1 billion of Islamic bonds

Tamweel to sell $1.1 billion of Islamic bonds

Dubai mortgage lender Tamweel could sell as much as $1.1 billion of Islamic bonds by the end of the third quarter to fund expansion, the company's chief executive said on Sunday.
Published 09 Apr, 2007 12:00am
Microsoft releases emergency software patch

Microsoft releases emergency software patch

Microsoft on April 3 released a high-priority software patch intended to fix a dangerous vulnerability in its Vista and Windows operating systems.
Published 09 Apr, 2007 12:00am
Tamweel to sell $1.1 billion of Islamic bonds

Tamweel to sell $1.1 billion of Islamic bonds

Dubai mortgage lender Tamweel could sell as much as $1.1 billion of Islamic bonds by the end of the third quarter to fund expansion, the company's chief executive said on Sunday.
Published 09 Apr, 2007 12:00am
Setting up of mass transit authority on the cards

Setting up of mass transit authority on the cards

The government is likely to establish National Mass Transit Authority (Namta) for conducting feasibility studies to plan and develop mass transit system for major cities as the Punjab is unwilling to attach itself with the centre, official sources told <i
Published 09 Apr, 2007 12:00am
Trade players meet for make-or-break Doha talks

Trade players meet for make-or-break Doha talks

India and other key trading powers will meet here this week for potentially make-or-break talks to end a deadlock in the Doha Round of global trade negotiations.
Published 09 Apr, 2007 12:00am
Video advertising: Yahoo deals with MobiTV

Video advertising: Yahoo deals with MobiTV

Yahoo and MobiTV announced on March 27 that the Internet search titan will handle sales and delivery of video advertising for the mobile television and music firm. "MobiTV is the pioneer in mobile television and we are excited to work with them to continu
Published 09 Apr, 2007 12:00am
Qatar firm buys Chelsea Barracks in London

Qatar firm buys Chelsea Barracks in London

A state-owned Qatari company has bought the Chelsea Barracks in London from Britain's Ministry of Defence, a newspaper reported on Sunday, citing the Gulf Arab firm's chief executive. Qatar's The Peninsular newspaper did not say how much Qatari Diar Real
Published 09 Apr, 2007 12:00am
Asian business not cutting loose from West: studies

Asian business not cutting loose from West: studies

Asia may be the world's fastest growing region and biggest market with booming regional trade and plentiful foreign reserves, but it is still far from being self-reliant, experts say. Some Asian pundits have argued that the potentially large spending powe
Published 09 Apr, 2007 12:00am
World Bank gives Africa $164.5 million for Internet connections

World Bank gives Africa $164.5 million for Internet connections

The World Bank has approved financing worth 164.5 million dollars for Kenya, Burundi and Madagascar for high-speed Internet connections, the bank said on April 3. The region is the only place in the world not connected to the global broadband infrastructu
Published 09 Apr, 2007 12:00am
Economic ties at stake as Wen goes to Japan

Economic ties at stake as Wen goes to Japan

Much will be at stake when Chinese Premier Wen Jiabao embarks on a three-day visit to Japan on Wednesday - not least the future of economic ties between East Asia's two giants.
Published 09 Apr, 2007 12:00am
Setting up of mass transit authority on the cards

Setting up of mass transit authority on the cards

The government is likely to establish National Mass Transit Authority (Namta) for conducting feasibility studies to plan and develop mass transit system for major cities as the Punjab is unwilling to attach itself with the centre, official sources told <i
Published 09 Apr, 2007 12:00am
Gas powers see building ties, not cartel

Gas powers see building ties, not cartel

Gas producing nations want tighter cooperation, but their interests are too diverse and the market too fragmented to form a cartel, energy ministers said ahead of the first meeting of its kind in two years.
Published 09 Apr, 2007 12:00am
Saudi Arabia sets penalties for cybercrimes

Saudi Arabia sets penalties for cybercrimes

Saudi Arabia said on March 26 that it will impose one-year prison sentences and fines of 500,000 riyals ($133,000) for Internet hacking and misuse of mobile telephone cameras, such as taking unauthorised pictures.
Published 09 Apr, 2007 12:00am
US fund eyes $50 billion bid for Dow Chemical

US fund eyes $50 billion bid for Dow Chemical

A consortium of Middle Eastern investors and American buyout firms is preparing a $50 billion approach for Dow Chemical Co in what could be the world's biggest ever leveraged buyout, a paper said on Sunday.
Published 09 Apr, 2007 12:00am
THE RUPEE: mixed trend versus dollar

THE RUPEE: mixed trend versus dollar

The rupee managed to gain slightly against the dollar in the currency market, the week ended on April 07, 2007, dealers said. In the interbank market, the rupee lost five paisa against the dollar for buying and selling at Rs 60.75 and Rs 60.77, they said.
Published 09 Apr, 2007 12:00am
Finance chiefs to survey robust world economy

Finance chiefs to survey robust world economy

Global financial chiefs gather in Washington this week to take stock of a world economy that appears to be shrugging off a housing-led slowdown in the United States.
Published 09 Apr, 2007 12:00am
In Short: LG and Harris team on local mobile TV broadcast system

In Short: LG and Harris team on local mobile TV broadcast system

Harris Corp and LG Electronics Inc said on April 3 that they have teamed up to develop a wireless technology to broadcast local digital television programming to mobile devices such as cell phones, car media players or handheld televisions or DVD players.
Published 09 Apr, 2007 12:00am
Is bottled water really better than tap?

Is bottled water really better than tap?

Bottled water is not necessarily healthier or safer than tap water, Tampa, Florida-based sports nutritionist Cynthia Sass told the American College of Sports Medicine 11th annual Health & Fitness Summit in Dallas.
Published 09 Apr, 2007 12:00am
THE RUPEE: mixed trend versus dollar

THE RUPEE: mixed trend versus dollar

The rupee managed to gain slightly against the dollar in the currency market, the week ended on April 07, 2007, dealers said. In the interbank market, the rupee lost five paisa against the dollar for buying and selling at Rs 60.75 and Rs 60.77, they said.
Published 09 Apr, 2007 12:00am
Cotton prices improve further on low inventory

Cotton prices improve further on low inventory

Cotton sowing for the 2007-08 season in Lower Sindh is reported to be getting momentum while preparations in other adjoining districts are in full swing. Wheat harvesting has been delayed by about a fortnight in Lower Sindh due to recent rains, and so has
Published 09 Apr, 2007 12:00am
'PBC promoting national cause'

'PBC promoting national cause'

Pakistan Broadcasting Corporation (PBC) is the largest source of information to the general public and playing a vital role in the promotion of national cause. This was stated by Director General PBC Ashfaq Gondal while briefing a students' delegation of
Published 09 Apr, 2007 12:00am
Work on Indus Highway project to start soon

Work on Indus Highway project to start soon

National Highway Authority (NHA) would soon start work on Phase-III of Indus Highway (N-55) rehabilitation and dualisation project with $174 million Japanese soft loan. "Work on the project will start very soon on Indus Highway Phase-III to construct and
Published 09 Apr, 2007 12:00am
OPF revises recruitment criteria for contract teachers

OPF revises recruitment criteria for contract teachers

Overseas Pakistanis Foundation (OPF) has revised recruitment criteria for teachers working on contract-basis in its educational institutions. OPF Manager Director Mushtaq Ahmed told APP here that the revised criteria would be made public through press wit
Published 09 Apr, 2007 12:00am
Real estate business picks up in Karachi

Real estate business picks up in Karachi

The real estate prices are gradually moving towards stability and the business has started picking up again as the number of properties have started appearing in the market as well as the buyers started making serious enquiries about them, a local real es
Published 09 Apr, 2007 12:00am
'World Bank to extend $100 million for promotion of education'

'World Bank to extend $100 million for promotion of education'

The World Bank will extend a sum of 100 million dollars for the promotion of education in Sindh. This was stated by the Provincial Education Minister, Dr Hamida Khuhro. She had a meeting with the team of the World Bank here on Saturday.
Published 09 Apr, 2007 12:00am
Acute and chronic hepatitis common in Pakistan

Acute and chronic hepatitis common in Pakistan

The acute and chronic hepatitis is common in Pakistan and developing countries. This was pointed out in a statement of the Aga Khan University Hospital issued here on Sunday.
Published 09 Apr, 2007 12:00am
30-kg heroin seized

30-kg heroin seized

Excise Police seized 30 kilogrammes of top quality heroin worth about Rs 300 million in international market which was being transported in a jeep from Peshawar to Karachi at Toll Plaza, Super Highway and also arrested its driver.
Published 09 Apr, 2007 12:00am
'Lyari Expressway to earn International fame soon'

'Lyari Expressway to earn International fame soon'

Additional Chief Secretary Planning and Development Sindh Ghulam Sarwar Khero has said that Lyari Expressway Rehabilitation Project is the first successful rehabilitation project in the history of Pakistan, which would soon earn international fame.
Published 09 Apr, 2007 12:00am
Future of 142 DCET students at stake

Future of 142 DCET students at stake

The future of 142 students of Dawood College of Engineering and Technology (DCET) is at stake as Vice Chancellor NED University of Engineering and Technology Karachi Abul Kalam once again refused to take examination of various batches of the college inclu
Published 09 Apr, 2007 12:00am
Work on seven-storey PGMI building to start soon

Work on seven-storey PGMI building to start soon

An amount of Rs 1,027.861 million has been earmarked for the project of seven-storey building of Postgraduate Medical Institution (PGMI) and the work on this project would start current month.
Published 09 Apr, 2007 12:00am
CDGK to launch IT training for teachers from April 10

CDGK to launch IT training for teachers from April 10

City District Government Karachi (CDGK) has decided to launch a phased programme from April 10 to impart training to more than 7,000 teachers in Information Technology (IT) and modern technology, estimated to cost Rs 55 million.
Published 09 Apr, 2007 12:00am
Book on human resource management in Urdu published

Book on human resource management in Urdu published

The first ever book on human resource management & development in Urdu language has been published, in which all the theories, research and aspects of HR have been explained in an easy and understandable way.
Published 09 Apr, 2007 12:00am
NAB to probe into alleged fraud

NAB to probe into alleged fraud

An investigation team of National Accountability Bureau (NAB) Sindh will start conducting investigation against the fraud cases of M/S Ahmed Autos Hyderabad and M/S Laiba Autos Hyderabad and their trading centres at Mirpurkhas, Nawabshah and Digri from Mo
Published 09 Apr, 2007 12:00am
Call to abandon use of polythene bags

Call to abandon use of polythene bags

The responsible citizens should voluntarily give up the use of banned polythene bags that are thinner than 30 micron on which there is a ban under section 144. This was stressed by Sindh Minister for Environment, Dr Sagheer Ahmed.
Published 09 Apr, 2007 12:00am
Pak-Afghan Jirga Commission moot postponed

Pak-Afghan Jirga Commission moot postponed

Two-day Pak-Afghan Jirga Commission joint meeting on April 19 in Kabul has been postponed. Now the Pak-Afghan Jirga Commission joint meeting would be held in Kabul next month. Talking to NNI on Sunday, official sources said new dates May 3 to 4 or 11 and
Published 09 Apr, 2007 12:00am
Mela for rehabilitation of children and widows

Mela for rehabilitation of children and widows

Pakistan Navy Women's Association (PNWA) organised annual mela here on Sunday for widows and family members of martyred, aiming to reduce suffering and dependency of special children, which are an important part of society.
Published 09 Apr, 2007 12:00am
PML to form next government: Rashid

PML to form next government: Rashid

Minister for Railways Sheikh Rashid Ahmed on Sunday expressed the hope that the next government would be formed by the PML as the divided opposition is unable to pose any formidable challenge to it.
Published 09 Apr, 2007 12:00am
'Government should avoid use of force against Jamia Hafsa students'

'Government should avoid use of force against Jamia Hafsa students'

The Central leader of Pakistan Muslim League (N) Kawaja Saad Rafique addressed a press conference on Sunday said that government should not use power against the students of the Jamia Hafsa as the consequences of it would be not good.' He suggested that g
Published 09 Apr, 2007 12:00am
Easter celebrated amid tight security

Easter celebrated amid tight security

Police tightened security around 100 churches, fearing suicide attacks on Easter, and Christians celebrated the Easter on Sunday amid tight security.
Published 09 Apr, 2007 12:00am
4,000 Sikh Yatrees reach Lahore for Baisakhi

4,000 Sikh Yatrees reach Lahore for Baisakhi

Around 4,000 Sikh Yatrees arrived by special trains on a 10-day visit to celebrate Baisakhi at Wahga border here on Sunday. Evacuee Trust Property Board (ETPB) Chairman Lieutenant General Zulifqar Ali Khan (Retd) along with senior board officials accorded
Published 09 Apr, 2007 12:00am
Prime Minister inaugurates Chach interchange project

Prime Minister inaugurates Chach interchange project

Prime Minister Shaukat Aziz on Sunday inaugurated construction of Chach Interchange project to provide access to the area with M-1 Motorway. He inaugurated the project at a simple ceremony held at Chach area with unveiling the plaque.
Published 09 Apr, 2007 12:00am
Kacchi canal an important plank of green revolution plan

Kacchi canal an important plank of green revolution plan

Kacchi Canal project costing over Rs 31 billion (BB), is an important plank of government's roadmap for bringing green revolution in province of Balochistan. Kacchi canal a giant project for the development of the province would bring0.7 million acres of
Published 09 Apr, 2007 12:00am
SCBA asks lawyers to stage disciplined protest

SCBA asks lawyers to stage disciplined protest

The Supreme Court Bar Association (SCBA) has asked the lawyers fraternity all over the country to observe complete discipline within its ranks and make the ongoing struggle for independence of judiciary peaceful and non-violent by adhering to the highest
Published 09 Apr, 2007 12:00am
Need for setting up cellphone manufacturing facilities

Need for setting up cellphone manufacturing facilities

The mounting expenditure incurred by Pakistan on the import of cellphones and accessories, due to lack of adequate manufacturing facilities in the country, has rightly become a cause of serious concern to the government. The import bill for cellphones has
Published 09 Apr, 2007 12:00am
US Senate's pullout date

US Senate's pullout date

For the embattled people of Iraq some very crucial developments have taken place that are likely to impact significantly on the situation in that country as it exists at present. First, the US Senate defeated the Bush Administration's move to de-link the
Published 09 Apr, 2007 12:00am
Hedging of oil price risk

Hedging of oil price risk

In an age of soaring oil prices, hedging has become a crucial part of business for the most successful companies, whether in the oil value chain, where the existence of hedging strategies adds significantly to a company's value, or in oil or gas consuming
Published 09 Apr, 2007 12:00am
Obama rising on wide grassroots financial support

Obama rising on wide grassroots financial support

The news that US Democratic presidential candidate Barack Obama had raised nearly as much money as presumed frontrunner Hillary Clinton has electrified the US election campaign, already running near top speed in the wide open race.
Published 09 Apr, 2007 12:00am
Energy conservation - the only option

Energy conservation - the only option

Your editorial "Growing Energy Crunch" (BR March 16) again highlights the serious energy crisis, now all the more inevitable, due to lack of timely action to conserve our scarce resources.
Published 09 Apr, 2007 12:00am
Mass communication classes at KU

Mass communication classes at KU

This refers to the condition of the department of Mass Communication of University of Karachi. KU is the largest University of Pakistan, with its education considered as one of the best in the country.
Published 09 Apr, 2007 12:00am
MNP: PTA goes for a new system

MNP: PTA goes for a new system

There is no end to learning and reaching zenith, as such to research inventions, systems, devices, development and metamorphic accomplishments. This is the space age of satellites, of shuttles probing into the universal system for knowledge of the unknown
Published 09 Apr, 2007 12:00am
Code of Conduct for Judges of the Supreme and the High Courts

Code of Conduct for Judges of the Supreme and the High Courts

Following is the text of Code of Conduct for Judges as contained in Supreme Court annual report, 2006 (Golden Jubilee Edition), Page 139: Framed by the Supreme Judicial Council under Article 128 (4) of the 1962 Constitution as amended up to date under Art
Published 09 Apr, 2007 12:00am
Castro returns to limelight as op/ed writer

Castro returns to limelight as op/ed writer

Convalescing Cuban leader Fidel Castro has jumped back into the limelight with two newspaper columns attacking the United States that point to a future role as elder statesman for the 80-year-old revolutionary. Eight months after stomach surgery forced hi
Published 09 Apr, 2007 12:00am
Berlin Wall sections go missing

Berlin Wall sections go missing

About 18 metres of Berlin Wall fragments have disappeared from where they stood near the centre of the once-divided capital, newspapers reported at the weekend.
Published 09 Apr, 2007 12:00am
Bangladesh rules out shortcut to election

Bangladesh rules out shortcut to election

Bangladesh's army-backed interim government and Election Commission have both ruled out a short-cut to parliamentary polls, despite expressions of impatience from leading politicians.
Published 09 Apr, 2007 12:00am
Embattled Bush loyalist loses key conservative support

Embattled Bush loyalist loses key conservative support

Attorney General Alberto Gonzales on Sunday lost the support of an influential US conservative as he prepared for make-or-break testimony over the dismissal of eight federal prosecutors.
Published 09 Apr, 2007 12:00am
India to test long-range ballistic missile

India to test long-range ballistic missile

India will test its longest-range nuclear-capable missile this week, almost a year after an unsuccessful attempt of the same rocket system, a defence ministry spokesman said Sunday. "There are plans to conduct the test this week," the spokesman said, decl
Published 09 Apr, 2007 12:00am
British troops may be in Iraq until 2012

British troops may be in Iraq until 2012

British troops could be serving in Iraq for at least another five years, a newspaper reported on Sunday, quoting what it said was a confidential military planning document. The Sunday Telegraph said the document, parts of which had been disclosed to the n
Published 09 Apr, 2007 12:00am
Six Nato soldiers die in mine blast

Six Nato soldiers die in mine blast

Six Nato-led soldiers died from injuries sustained Sunday in a mine explosion in southern Afghanistan, the alliance force said in a statement. "Six ISAF soldiers died today in Southern Afghanistan as a result of injuries sustained when the vehicle they we
Published 09 Apr, 2007 12:00am
Taliban kill Italian reporter's translator

Taliban kill Italian reporter's translator

The Taliban killed on Sunday the Afghan translator of an Italian journalist kidnapped last month after the government refused to free several insurgent prisoners, a rebel official said.
Published 09 Apr, 2007 12:00am
Iraq violence kills at least 23

Iraq violence kills at least 23

At least 23 people were killed in Iraq on Sunday where violence showed no let-up four years after the ouster of Saddam Hussein, except for a drop in execution-type killings in the capital patrolled by some 80,000 troops.
Published 09 Apr, 2007 12:00am
Eight killed as army, rebels clash in Sri Lanka

Eight killed as army, rebels clash in Sri Lanka

A suspected Tamil Tiger claymore mine ambush killed one Sri Lankan army soldier and injured others on Sunday, a day after at least six rebels and one soldier were killed in firefights, the government said.
Published 09 Apr, 2007 12:00am
Two killed in India train attack

Two killed in India train attack

Maoist rebels shot dead two railway security troops and injured another three in an attack on a passenger train in eastern India early Sunday, police said. The incident took place in eastern Bihar state's Jamui district, about 170 kilometers (100 miles) f
Published 09 Apr, 2007 12:00am
Hamas gives prisoner list to Israel

Hamas gives prisoner list to Israel

Hamas has handed over the names of Palestinian prisoners it demands Israel release in exchange for an Israeli soldier seized by Gaza gunmen 10 months ago, the Islamist group said on Sunday.
Published 09 Apr, 2007 12:00am
Tokyo stocks may move sideways this week: analysts

Tokyo stocks may move sideways this week: analysts

Japanese share prices may be range-bound over the coming week as profit-taking and nervousness about the health of the US economy puts the brakes on the recent rally, dealers said Friday.
Published 09 Apr, 2007 12:00am
Chinese share prices close 0.13 percent up to new high

Chinese share prices close 0.13 percent up to new high

Chinese share prices rose 0.13 percent for another record finish Friday despite a further hike in bank reserve requirements as the government seeks to cool the fast growing economy, dealers said.
Published 09 Apr, 2007 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 68.80/68.80 (previous 68.80/68.80)
Published 09 Apr, 2007 12:00am
Seoul bourse may trade in narrow band

Seoul bourse may trade in narrow band

South Korean share prices are expected to move in a narrow band in the coming week with investors watching corporate results, analysts said Friday. Trading will be cautious and focus on export-related shares in shipbuilding, machinery and construction, sa
Published 09 Apr, 2007 12:00am
US stocks post weekly gains as earnings season looms

US stocks post weekly gains as earnings season looms

The US stock market posted healthy gains in the past week and market participants are voicing optimism following a stronger-than-anticipated report on the job market. The week ahead marks the kick off of the first quarter corporate earnings season for maj
Published 09 Apr, 2007 12:00am
Philippines shares expected to rise after Easter break

Philippines shares expected to rise after Easter break

Philippines share prices are expected to rise in the coming week, extending gains as most investors return from the Easter holiday break, dealers said Friday. In a holiday shortened 3-day week to April 4, the Philippine Stock Exchange composite index rose
Published 09 Apr, 2007 12:00am
Puma cancels shares amid PPR take-over rumour

Puma cancels shares amid PPR take-over rumour

The German sportswear manufacturer Puma has trimmed its share capital by 7.4 percent amid rumours that French luxury goods empire PPR could launch a take-over bid. Puma said in a statement after stock markets closed on Thursday that it was lowering its li
Published 09 Apr, 2007 12:00am
Puma cancels shares amid PPR take-over rumour

Puma cancels shares amid PPR take-over rumour

The German sportswear manufacturer Puma has trimmed its share capital by 7.4 percent amid rumours that French luxury goods empire PPR could launch a take-over bid. Puma said in a statement after stock markets closed on Thursday that it was lowering its li
Published 09 Apr, 2007 12:00am
Asian currencies mixed against dollar

Asian currencies mixed against dollar

Major Asian currencies ended the week mixed against the dollar as Japanese dealing reflected concern over the US economy, but the Australian dollar peaked at a level not seen for more than 10 years.
Published 09 Apr, 2007 12:00am
Thai stocks likely to hold firm on rate cut hopes

Thai stocks likely to hold firm on rate cut hopes

Thai stocks are likely to hold firm next week on strong expectations that the central bank will cut interest rates sharply to boost economic growth, dealers said Friday.
Published 09 Apr, 2007 12:00am
Malaysian shares expected to trade higher

Malaysian shares expected to trade higher

Malaysian share prices are expected to trade higher in the week ahead on improved sentiment despite the possibility of volatile movements, analysts said Friday. "Although the market may still be volatile, the firm underlying sentiment is expected to suppo
Published 09 Apr, 2007 12:00am
Ford gives huge bonuses despite record losses

Ford gives huge bonuses despite record losses

Struggling Ford Motor Company awarded multimillion dollar bonuses to its executives last year despite the fact that it posted a record loss of 12.7 billion dollars, according to a document filed on April 05 with securities regulators.
Published 09 Apr, 2007 12:00am
Ford gives huge bonuses despite record losses

Ford gives huge bonuses despite record losses

Struggling Ford Motor Company awarded multimillion dollar bonuses to its executives last year despite the fact that it posted a record loss of 12.7 billion dollars, according to a document filed on April 05 with securities regulators.
Published 09 Apr, 2007 12:00am
Vietnam factories hit by 43 strikes in three months

Vietnam factories hit by 43 strikes in three months

Companies in southern Vietnam have been hit by 43 labour strikes in the past three months, 16 of them in Japanese and South Korean companies, the government said according to state media on April 04.
Published 09 Apr, 2007 12:00am
US oil companies look to invest in riskier regions

US oil companies look to invest in riskier regions

Major oil companies are looking to invest in increasingly risky corners of the world, as high oil prices and tightening access to oil reserves make these regions more attractive.
Published 09 Apr, 2007 12:00am
India removes some duties on cement imports

India removes some duties on cement imports

India has scrapped some duties on cement imports to rein in rising domestic prices, the finance ministry said on April 03. Analysts said the decision would not boost imports because of high transportation costs, but the move was likely to add to negative
Published 09 Apr, 2007 12:00am
Kuwait authority looking for Turkish bank

Kuwait authority looking for Turkish bank

State-owned Kuwait Investment Authority is in early-stage talks to invest in a top-tier Turkish bank, Managing Director Bader Al-Sa'ad told Reuters on April 05.
Published 09 Apr, 2007 12:00am
General Motors sees softer second quarter sales

General Motors sees softer second quarter sales

General Motors Corp's head of North American operations said on April 04 that he expects second-quarter sales to be softer than initially forecast due to a weaker overall industry than GM had anticipated.
Published 09 Apr, 2007 12:00am
General Motors sees softer second quarter sales

General Motors sees softer second quarter sales

General Motors Corp's head of North American operations said on April 04 that he expects second-quarter sales to be softer than initially forecast due to a weaker overall industry than GM had anticipated.
Published 09 Apr, 2007 12:00am
South Korea eases grip on corporate equity investment

South Korea eases grip on corporate equity investment

South Korea's parliament on April 02 approved a proposal to ease restrictions on equity investment within the country's top business groups amid some criticism that tough regulations had hindered domestic investment.
Published 09 Apr, 2007 12:00am
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