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Print - 2007-04-23
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (April 22, 2007).
Published 23 Apr, 2007 12:00am
Textile Composite: TOWELLERS LIMITED - Year Ended 30-06-2006

Textile Composite: TOWELLERS LIMITED - Year Ended 30-06-2006

During the year under review the company has been able to register impressive growth in sales which are record highest of its career. However, intense competition in the export market and rising cost has drastically lowered its profit since the last three
Published 23 Apr, 2007 12:00am
Textile Composite: TOWELLERS LIMITED - Year Ended 30-06-2006

Textile Composite: TOWELLERS LIMITED - Year Ended 30-06-2006

During the year under review the company has been able to register impressive growth in sales which are record highest of its career. However, intense competition in the export market and rising cost has drastically lowered its profit since the last three
Published 23 Apr, 2007 12:00am
Web cookies crumble in counting site traffic

Web cookies crumble in counting site traffic

Seven percent of Internet users account for more than one-third of the traffic at Web sites, calling into question a popular form of audience measurement, a major study to be published on April 16 finds.
Published 23 Apr, 2007 12:00am
Space shield to block radiation

Space shield to block radiation

British scientists are planning to see whether a Star Trek-style deflector shield could be built to protect astronauts from radiation, BBC reported on April 19. They argue that magnetic shields could be deployed around spacecraft and on the surfaces of pl
Published 23 Apr, 2007 12:00am
Google's assurance to broadcasters

Google's assurance to broadcasters

Google moved to reassure broadcasters on April 16 that the Internet company was not encroaching on their turf after announcing two major deals that widen its scope in the advertising industry. "Google is a new phenomena. It does not replace radio and tele
Published 23 Apr, 2007 12:00am
Microsoft discounts student software

Microsoft discounts student software

Microsoft is offering a low-cost, scaled-down version of its student software in developing countries to help billions of poor people access computer technology, the company said April 19.
Published 23 Apr, 2007 12:00am
Microsoft and Samsung to share technologies

Microsoft and Samsung to share technologies

Microsoft Corp and Samsung Electronics Company announced a deal on April 19 to share patented technologies. The Redmond, Washington, software giant and the South Korea-based electronics titan have a "broad patent cross-licensing agreement" that they say w
Published 23 Apr, 2007 12:00am
Microsoft to set up R&D centre with China's Lenovo

Microsoft to set up R&D centre with China's Lenovo

Microsoft plans to set up a multi-million-dollar joint research and development centre in Beijing with China's leading computer maker Lenovo, the Chinese company said on April 18.
Published 23 Apr, 2007 12:00am
Chinese official blames Internet for youth crime

Chinese official blames Internet for youth crime

Most youth crime in China can be blamed on negative influences from violent or pornographic Web sites, a police spokesman said on April 19, justifying the country's latest crackdown on the Internet.
Published 23 Apr, 2007 12:00am
China Network Communications enter Japanese market

China Network Communications enter Japanese market

China Network Communications Group Corp has opened its first business base in Japan to allow Internet providers to use its communications lines linking the two countries, a newspaper said on April 15.
Published 23 Apr, 2007 12:00am
Malaysia bans mobile phones in government offices

Malaysia bans mobile phones in government offices

Malaysia has banned mobile phones and handheld computers in high-security areas of government offices to prevent spying, a report said on April 16. Chief Security Officer Johari Jamaluddin said no breaches had yet been detected but the prevalence of elect
Published 23 Apr, 2007 12:00am
BBC leading way into multi-screen entertainment

BBC leading way into multi-screen entertainment

British broadcaster BBC is spearheading the push into multi-screen entertainment taking shape around the world with a raft of projects to soothe viewers' red-hot itch for more on-demand services. The aim is to give viewers access not only to the BBC's cur
Published 23 Apr, 2007 12:00am
Cellphone advertisements tripling in Japan

Cellphone advertisements tripling in Japan

Advertisements on mobile telephones in Japan are set to triple by 2011, outpacing growth of advertising on the Internet, according to a study. By comparison, Japan's market for non-mobile Internet advertisements is expected to grow from 231 billion yen to
Published 23 Apr, 2007 12:00am
MySpace launches online news service

MySpace launches online news service

MySpace launched a news service on April 19 that lets members of the popular social-networking website decide which stories bouncing about the Internet are most deserving of attention.
Published 23 Apr, 2007 12:00am
Toshiba exits film and DVD production

Toshiba exits film and DVD production

Japanese technology giant Toshiba Corp said on April 16 that it had decided to exit the film and DVD production and distribution business with the sale of its subsidiary Toshiba Entertainment Inc.
Published 23 Apr, 2007 12:00am
Yahoo going carbon neutral

Yahoo going carbon neutral

While investors were tough on Yahoo's stock on April 18, the Internet giant announced it will go easy on the planet by going carbon neutral. The Sunnyvale, California-based online search engine will offset greenhouse gas emissions resulting from its energ
Published 23 Apr, 2007 12:00am
In Short: SK mobile users hooked up to encyclopaedia

In Short: SK mobile users hooked up to encyclopaedia

Millions of South Koreans can get access to the Encyclopaedia Britannica through their mobile phones from April 17, the leading operator said here. SK Telecom said its 20 million-odd subscribers were now able to consult the prestigious encyclopaedia on th
Published 23 Apr, 2007 12:00am
An invitation to participate

An invitation to participate

If you disclose environmental, social or full sustainability information about your organisation we invite you to participate in ACCA-WWF Pakistan Environmental Reporting Awards.
Published 23 Apr, 2007 12:00am
About WWF

About WWF

For more than four decades in over 90 countries around the world, WWF has worked for conversation of nature and ecological processes, through the concept of sustainable development. WWF defines this as a series of processes which are economical viable, so
Published 23 Apr, 2007 12:00am
ACCA National Awards

ACCA National Awards

The combination of ACCA's work in improving the accountability and transparency of business and the success of the UK awards in communicating these values to organisations has led a number of national ACCA offices to set up award schemes of their own.
Published 23 Apr, 2007 12:00am
About ACCA

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the largest and fastest growing global professional accountancy body with 296,000 students and 115,000 members in 170 countries.
Published 23 Apr, 2007 12:00am
The Judges' Feedback

The Judges' Feedback

At the Judges meeting to decide the 2006 winners, the judges evaluated the reports in the light of the criteria of completeness, credibility and communication. The work of the Judges was facilitated by the preliminary evaluation and short-listing of the r
Published 23 Apr, 2007 12:00am
Message from Representative for IUCN Pakistan

Message from Representative for IUCN Pakistan

Created in 1948 in Fontainebleau (France), the World Conservation Union (IUCN) is the world's leading environmental organisation. Its role is to convene, mobilise, and empower organisations and people to better integrate conservation into economic and soc
Published 23 Apr, 2007 12:00am
Message from Head of ACCA Pakistan

Message from Head of ACCA Pakistan

ACCA has promoted greater transparency in the reporting of organisations' social and environmental impacts for over fifteen years. ACCA is involved in reporting awards in more than 20 countries in Europe, Africa, North America/Canada and the Asia Pacific
Published 23 Apr, 2007 12:00am
Message from Director General WWF - Pakistan

Message from Director General WWF - Pakistan

Pakistan Environmental Reporting Awards (PERA) journey has come along six years now and in this time frame the scheme has not only increased environmental awareness in the corporate sector but has also improved environmental performance of companies and i
Published 23 Apr, 2007 12:00am
Message from Minister of State for Environment

Message from Minister of State for Environment

Companies today are under increasing pressure from a variety of sources to be more transparent about the extent of their compliance with environmental and social responsibility laws and regulations, and about their environmental and social impacts and per
Published 23 Apr, 2007 12:00am
Manila to revise 2009-2010 fiscal targets

Manila to revise 2009-2010 fiscal targets

The Philippines will change its fiscal targets for 2009 and 2010 to a balanced budget compared to the previous aim of a budget surplus so that it can spend more on infrastructure, Finance Under-secretary Gil Beltran said.
Published 23 Apr, 2007 12:00am
Australian drought belts economic growth

Australian drought belts economic growth

A radical Australian government plan to cut water to drought-hit farmers risks turning the nation's food basket into a dust bowl and will hobble national economic growth, according to experts. Prime Minister John Howard announced last week that the "unpre
Published 23 Apr, 2007 12:00am
New Zealand and India explore free-trade ties

New Zealand and India explore free-trade ties

New Zealand and India are to explore the prospects of a free trade pact while acknowledging there are "significant obstacles" ahead, New Zealand Trade Minister Phil Goff said Sunday. The announcement came following talks here with his Indian counterpart K
Published 23 Apr, 2007 12:00am
India's muscular rupee hurts exporters

India's muscular rupee hurts exporters

India's rupee is showing new muscle as it scales nine-year highs against the dollar, alarming exporters who sell most of their goods to the United States. India's Federation of Indian Export Organisations says the appreciation of the rupee has "severely e
Published 23 Apr, 2007 12:00am
India should pay more for LNG contract: Iran

India should pay more for LNG contract: Iran

India should increase its offered price to secure a major contract for liquefied natural gas (LNG) deliveries signed two years ago, a senior Iranian oil official was quoted as saying on Sunday.
Published 23 Apr, 2007 12:00am
EU and Russia fail to resolve Polish food embargo

EU and Russia fail to resolve Polish food embargo

After two days of talks, EU Health Commissioner Markos Kyprianou and Russian Agriculture Minister Alexei Gordeyev failed to broker a deal on Sunday that would see Moscow to lift its embargo on Polish meat and plant products.
Published 23 Apr, 2007 12:00am
Surging consumer prices spark concern in Iran

Surging consumer prices spark concern in Iran

With the world's eyes focused on its nuclear programme, economists and lawmakers have sounded alarm bells over inflation in Iran after a conspicuous surge in prices in recent months.
Published 23 Apr, 2007 12:00am
Activists pushing disinvestment in Iran

Activists pushing disinvestment in Iran

US efforts to force Iran to change its behaviour have expanded beyond the White House to Main Street and threaten the broadest financial disinvestment campaign since South African apartheid ended.
Published 23 Apr, 2007 12:00am
Bangladesh February exports up 19.1 percent on year ago

Bangladesh February exports up 19.1 percent on year ago

Bangladesh's exports in February rose 19.1 percent from a year earlier to $979.23 million, helped by rising demand for clothing, Export Promotion Bureau officials said on Sunday. From July to February, the first eight months of the 2006/07 fiscal year, ex
Published 23 Apr, 2007 12:00am
Russian Economic Forum opens under boycott cloud

Russian Economic Forum opens under boycott cloud

A boycott by top Moscow officials cast a cloud over the opening Sunday of a showcase event for Russian businesses. The blow fell after a Russian press report suggested that the Kremlin ordered the no-show because of increasing strains between Moscow and L
Published 23 Apr, 2007 12:00am
China bank regulator urges beefed up credit controls

China bank regulator urges beefed up credit controls

China's banking regulator urged commercial banks Sunday to implement the central government's macro-control measures after the economy boomed at an 11.1 percent clip in the first quarter of 2007.
Published 23 Apr, 2007 12:00am
Yemen aims to copy Dubai boom

Yemen aims to copy Dubai boom

Yemeni President Ali Abdullah Saleh vowed on Sunday to knock down obstacles to foreign investment in his impoverished country, saying he wanted to emulate the booming Gulf emirate of Dubai. "The door of investment in Yemen is open to all investors.
Published 23 Apr, 2007 12:00am
Minister relieved India's Asian Games bid failed

Minister relieved India's Asian Games bid failed

India's sports minister said he was relieved his country failed in its bid to host the 2014 Asian Games last week. "My guess is by not hosting the Asian Games we probably saved ourselves something of the order of INR 5000 crores (approximately $1.2 billio
Published 23 Apr, 2007 12:00am
Gavaskar blames Chappell for India's downfall

Gavaskar blames Chappell for India's downfall

Sunil Gavaskar has blamed former India coach Greg Chappell for the team's downfall and questioned the logic of the board offering him the post of consultant of the National Cricket Academy.
Published 23 Apr, 2007 12:00am
England edge out West Indies in Lara's farewell

England edge out West Indies in Lara's farewell

West Indies captain Brian Lara's farewell to international cricket was spoilt by a run out and a thrilling one-wicket defeat by England in the final World Cup Super Eights match on Saturday.
Published 23 Apr, 2007 12:00am
Nadal busts Federer in Monte Carlo

Nadal busts Federer in Monte Carlo

Rafael Nadal extended his all-time clay winning streak to 67 straight matches on Sunday as he beat Roger Federer 6-4, 6-4 to a third consecutive title at the Monte Carlo Masters. The Spanish world number two reinforced his title as king of clay in one hou
Published 23 Apr, 2007 12:00am
Younis out from squad shortlist

Younis out from squad shortlist

Pakistan batsman Younis Khan, who rejected an offer to captain the national team this month, was not named in a list of probables for a one-day series against Sri Lanka in Abu Dhabi. New chief selector Salahuddin Ahmed said Younis has still to confirm his
Published 23 Apr, 2007 12:00am
Who can stop Australia?

Who can stop Australia?

Who or what can stop Australia? Viv Richards, the celebrated master blaster, stopped to consider. "Salmonella poisoning," he concluded. Richards, speaking in his native Antigua during the World Cup Super Eights, went on to say some flattering words about
Published 23 Apr, 2007 12:00am
I've plenty to offer: Fletcher

I've plenty to offer: Fletcher

Former England coach Duncan Fletcher believes he still has plenty to offer despite the World Cup disappointment. Fletcher resigned after eight years in charge following the team's failure to reach the World Cup semi-finals and has since been replaced by P
Published 23 Apr, 2007 12:00am
Lara leaves stage with dreams unfulfilled

Lara leaves stage with dreams unfulfilled

West Indies batting genius Brian Lara may have smashed records but his dream remains unfulfilled. The stylish left-hander always wanted to make the West Indies a dominant force in international cricket, but was disappointed with the team's performances in
Published 23 Apr, 2007 12:00am
Athletics: The marathon bell tolls for Lel

Athletics: The marathon bell tolls for Lel

Kenyan Martin Lel won the men's London marathon on Sunday finishing in 2hrs 7min 41sec to beat Moroccan Abderrahim Goumri into second with another Kenyan Felix Limo third. The big surprise, though, was the abandonment of Ethiopian legend Haile Gebrselassi
Published 23 Apr, 2007 12:00am
Male births declining in the US and Japan

Male births declining in the US and Japan

Mother Nature has always ensured that male births outnumber female ones, but the gap has been gradually narrowing over the past three decades in the US and Japan, according to a new study.
Published 23 Apr, 2007 12:00am
Drugs and their effects: stimulants and hallucinogens

Drugs and their effects: stimulants and hallucinogens

Chronic exposure to drugs of abuse disrupts the way critical brain structures interact to control behaviour - behaviour specifically related to drug abuse. Just as continued abuse may lead to tolerance or the need for higher drug dosages to produce an eff
Published 23 Apr, 2007 12:00am
Corporate responsibility and HIV/AIDS

Corporate responsibility and HIV/AIDS

THE concept of corporate responsibility is considerably a new phenomenon for most of the people living in the Saarc region. In this region trade and commerce is still a family affair where management is personalised and financial controls are mostly with
Published 23 Apr, 2007 12:00am
HEALTH UPDATE: blood pressure 'is in the brain'

HEALTH UPDATE: blood pressure 'is in the brain'

The cause of high blood pressure may lie within the brain, rather than with problems relating to the heart, kidneys or blood vessels, a TV channel said citing a new research.
Published 23 Apr, 2007 12:00am
Allianz to step up drive into Russia

Allianz to step up drive into Russia

Europe's biggest insurer Allianz SE is stepping up its drive into Eastern Europe with the German-based group saying on April 17 it was in talks to acquire Russian insurer Progress-Garant. "We have been in talks with the company for some time," an Allianz
Published 23 Apr, 2007 12:00am
Allianz to step up drive into Russia

Allianz to step up drive into Russia

Europe's biggest insurer Allianz SE is stepping up its drive into Eastern Europe with the German-based group saying on April 17 it was in talks to acquire Russian insurer Progress-Garant. "We have been in talks with the company for some time," an Allianz
Published 23 Apr, 2007 12:00am
SMEs in Asia-Pacific retail sector forecast to spend more on IT

SMEs in Asia-Pacific retail sector forecast to spend more on IT

Small and medium-sized enterprises (SMEs) in the Asia-Pacific's retail sector are likely to invest up to 240 million US dollars in Information Technology (IT) this year, a market intelligence firm said in a published report on Apil 16.
Published 23 Apr, 2007 12:00am
Gulf Air unveils loss-cutting plans

Gulf Air unveils loss-cutting plans

Bahrain and Omans joint national airline carrier, Gulf Air, unveiled a two-year 825-million-dollar plan on April 17 to cut losses, now running at over one million dollars per day.
Published 23 Apr, 2007 12:00am
Deutsche Post may make acquisitions in logistics

Deutsche Post may make acquisitions in logistics

Deutsche Post may make acquisitions to expand its logistics business this year but the possible purchases will be a small part of its growth plans, a management board member of the German group said on April 16.
Published 23 Apr, 2007 12:00am
Bank of America profits eclipse Citigroup

Bank of America profits eclipse Citigroup

Bank of America posted better-than-expected quarterly profits on April 19 totalling 5.26 billion dollars, gaining a fresh edge over arch-rival Citigroup which has seen its profits ebb in past months.
Published 23 Apr, 2007 12:00am
Bank of America profits eclipse Citigroup

Bank of America profits eclipse Citigroup

Bank of America posted better-than-expected quarterly profits on April 19 totalling 5.26 billion dollars, gaining a fresh edge over arch-rival Citigroup which has seen its profits ebb in past months.
Published 23 Apr, 2007 12:00am
India's Essar to acquire US steelmaker

India's Essar to acquire US steelmaker

India's Essar group has announced it will acquire US-based Minnesota Steel for an undisclosed amount in its second take-over of a North American firm this week.
Published 23 Apr, 2007 12:00am
JP Morgan earnings rise

JP Morgan earnings rise

J. P Morgan Chase & Co on April 18 reported a 55 percent increase in quarterly earnings, helped by gains in investment banking and private equity, and bolstered its dividend and stock buyback plan. Net income rose to $4.8 billion or $1.34 a share from $3.
Published 23 Apr, 2007 12:00am
JP Morgan earnings rise

JP Morgan earnings rise

J. P Morgan Chase & Co on April 18 reported a 55 percent increase in quarterly earnings, helped by gains in investment banking and private equity, and bolstered its dividend and stock buyback plan. Net income rose to $4.8 billion or $1.34 a share from $3.
Published 23 Apr, 2007 12:00am
Banks dangle enticing gifts in battle for credit-card users

Banks dangle enticing gifts in battle for credit-card users

Banks are dangling an array of enticing freebies in the battle for credit-card users in the city-state, news reports said on April 16. The gifts go beyond the traditional complementary drinks, movie tickets, dining and retail discounts and now tap popular
Published 23 Apr, 2007 12:00am
StanChart Islamic to arrange benchmark bonds

StanChart Islamic to arrange benchmark bonds

Standard Chartered Plc will arrange two benchmark-sized Islamic bonds by June and is eyeing Africa for expansion, the bank's Islamic operations chief said on April 19. Standard Chartered Islamic operations head Afaq Khan also told Reuters the firm would l
Published 23 Apr, 2007 12:00am
StanChart Islamic to arrange benchmark bonds

StanChart Islamic to arrange benchmark bonds

Standard Chartered Plc will arrange two benchmark-sized Islamic bonds by June and is eyeing Africa for expansion, the bank's Islamic operations chief said on April 19. Standard Chartered Islamic operations head Afaq Khan also told Reuters the firm would l
Published 23 Apr, 2007 12:00am
Tesco announces record 2006 profits

Tesco announces record 2006 profits

British supermarket giant Tesco, the country's biggest retailer, said on April 17 that net profits soared by a fifth in 2006 to a record 1.892 billion pounds (2.777 billion euros, 3.767 billion dollars).
Published 23 Apr, 2007 12:00am
Tesco announces record 2006 profits

Tesco announces record 2006 profits

British supermarket giant Tesco, the country's biggest retailer, said on April 17 that net profits soared by a fifth in 2006 to a record 1.892 billion pounds (2.777 billion euros, 3.767 billion dollars).
Published 23 Apr, 2007 12:00am
Corporate India enjoys record level of foreign takeovers

Corporate India enjoys record level of foreign takeovers

The value of Indian-backed foreign takeovers hit a record in 2006 due to Tata Steel's purchase of Anglo-Dutch steelmaker Corus, according to data published on April 18 that highlighted the financial firepower of corporate India.
Published 23 Apr, 2007 12:00am
Belgium loses out on GM's Astra successor

Belgium loses out on GM's Astra successor

General Motors (GM) will build the next-generation Astra compact car at plants in Britain, Germany, Poland and Sweden, but no longer in Belgium, the world's biggest carmaker said on April 17.
Published 23 Apr, 2007 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Bangladesh Interbank buy/sell rates for the taka against the dollar on Sunday. 69.08/69.10 (previous 69.00/69.08).
Published 23 Apr, 2007 12:00am
Egypt overnight interbank rate steady

Egypt overnight interbank rate steady

The median overnight interbank rate on the Egyptian pound was about steady at 8.76 percent on Sunday, just fractionally above the lower limit of the central bank's overnight corridor, in a liquid market, bankers said.
Published 23 Apr, 2007 12:00am
JGBs rebound from three-month lows on stock sell-off

JGBs rebound from three-month lows on stock sell-off

Japanese government bond futures edged higher on Thursday, pulling away from three-month lows hit in the previous session on a sharp slide in Tokyo share prices and overnight gains in US Treasuries.
Published 23 Apr, 2007 12:00am
JGBs rebound from three-month lows on stock sell-off

JGBs rebound from three-month lows on stock sell-off

Japanese government bond futures edged higher on Thursday, pulling away from three-month lows hit in the previous session on a sharp slide in Tokyo share prices and overnight gains in US Treasuries.
Published 23 Apr, 2007 12:00am
Tokyo shares seen taking cue from earnings

Tokyo shares seen taking cue from earnings

The Tokyo stock market is bracing for a slew of corporate results over the coming week, with the potential for a boost to sentiment if firms give upbeat earnings forecasts, analysts said Friday.
Published 23 Apr, 2007 12:00am
Major Asian currencies close higher against dollar

Major Asian currencies close higher against dollar

Major Asian currencies ended the week mostly higher against the dollar with the Chinese yuan rising to new highs after news of faster-than-expected Chinese economic growth.
Published 23 Apr, 2007 12:00am
Egyptian stocks drift lower in thin trade

Egyptian stocks drift lower in thin trade

Egyptian stocks drifted downwards on Sunday in thin trade with no news to move prices decisively in either direction, brokers said.
Published 23 Apr, 2007 12:00am
Taiwan equities expected to be range-bound

Taiwan equities expected to be range-bound

Taiwan share prices are expected to be range-bound as investors assess the market's failure to hold the key 8,000 points level after a recent steady advance, dealers said Friday.
Published 23 Apr, 2007 12:00am
Seoul shares likely to undergo correction

Seoul shares likely to undergo correction

South Korean share prices are expected to undergo a correction in the coming week amid a widespread belief that the prices rose too much over too short a period, dealers said Friday.
Published 23 Apr, 2007 12:00am
Hong Kong shares face volatile trade

Hong Kong shares face volatile trade

Hong Kong share prices face volatile trade next week on concerns over US economic outlook and China's possible measures to cool down its economy, dealers said Friday.
Published 23 Apr, 2007 12:00am
Australian shares tipped to continue rising

Australian shares tipped to continue rising

Australian share prices are expected to again push into record territory next week but the market's current growth rate is unsustainable and any bad news could spark a correction, dealers said Friday.
Published 23 Apr, 2007 12:00am
UK shares seeking more gains amid bidding wars

UK shares seeking more gains amid bidding wars

The London stock market will be hoping to rise for a third week in a row amid more take-over fever after appearing to shake off the effects of a strong pound.
Published 23 Apr, 2007 12:00am
Arab MP resigns from Israeli parliament

Arab MP resigns from Israeli parliament

Israel's leading Arab MP Azmi Bishara announced in Cairo his resignation from parliament on Sunday and said he would stay abroad for some time. Bishara, a vocal critic of Israel's policies towards the Palestinians, currently under investigation, complaine
Published 23 Apr, 2007 12:00am
Iran warns women over slack dressing

Iran warns women over slack dressing

Iran has issued more than a thousand warnings and arrested dozens in a new drive aimed at forcing women whose dress is deemed inappropriate to adhere to Islamic dress rules, officials said Sunday. The nation-wide drive - an annual pre-summer crackdown giv
Published 23 Apr, 2007 12:00am
Iran rules out nuclear suspension

Iran rules out nuclear suspension

Iran on Sunday rejected Western calls for a suspension of its sensitive nuclear activities just days ahead of crucial talks on its atomic drive with EU foreign policy chief Javier Solana "Halting uranium enrichment is definitely deleted from the literatur
Published 23 Apr, 2007 12:00am
Bush and Congress set for battle over Iraq

Bush and Congress set for battle over Iraq

Democratic lawmakers are poised this week to send Iraq war funding legislation to US President George W. Bush, who has vowed to veto the measure if it includes a withdrawal timetable. Congressional sources say they expect the final legislation to reach Bu
Published 23 Apr, 2007 12:00am
Iran and Russia agree to resolve nuclear plant financing

Iran and Russia agree to resolve nuclear plant financing

Iran on Sunday agreed on a plan to resolve a financing dispute with the Russian nuclear contractor building the country's first nuclear power plant, Russian news agencies reported, citing the company.
Published 23 Apr, 2007 12:00am
Wolfowitz situation unacceptable: Germany

Wolfowitz situation unacceptable: Germany

Germany believes Paul Wolfowitz's position at the helm of the World Bank has become unsustainable, a German minister was quoted as saying on Sunday. Wolfowitz, a former US deputy defence secretary who helped plan the invasion in Iraq, has faced calls by W
Published 23 Apr, 2007 12:00am