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Print - 2007-05-27
Message from Federal Minister for Petroleum & Natural Resources

Message from Federal Minister for Petroleum & Natural Resources

It gives me immense pleasure to know that Pakistan GasPort Limited is setting up a Liquefied Natural Gas Terminal at Port Qasim, Karachi, which is indeed an important Project for the country and involves an investment of US $162 million.
Published 27 May, 2007 12:00am
Message from Federal Minister, Ports & Shipping

Message from Federal Minister, Ports & Shipping

Today, as we proudly celebrate the Launch of Pakistan's first LNG Project, I would like to extend my greeting to Port Qasim Authority, Pakistan GasPort Limited and all stakeholders on this occasion.
Published 27 May, 2007 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

The LNG Project being set up Pakistan GasPort Limited demonstrates the bold and pioneering vision of its principals. As Pakistan's economy grows, the country requires additional quantities of natural gas to sustain the current growth trend and provide imp
Published 27 May, 2007 12:00am
Message from his Excellency President of Pakistan

Message from his Excellency President of Pakistan

I am pleased to know that progress on Pakistan GasPort Limited's Fast-track Floating LNG Import Terminal and LPG Extraction Plant Project continues apace. The importance of augmenting Pakistan's gas supplies is paramount. Natural gas accounts for 50% of P
Published 27 May, 2007 12:00am
FOB Gulf corn offers climb, soyabean steady

FOB Gulf corn offers climb, soyabean steady

US FOB Gulf corn basis offers rose for a second day on Friday as exporters continued to buy corn in the barge market, traders said. Soyabean and wheat basis offers held steady and have changed little all week. Corn export premiums for early June climbed t
Published 27 May, 2007 12:00am
Oil cake market rates

Oil cake market rates

Prices moved both ways in the forward cottonseed oilcake market on Saturday as low purchasing interest was witnessed among the buyers, dealers said. The July vaida commenced with Re.1 loss at Rs 657.00 during the day, it proved to be day's lowest and mark
Published 27 May, 2007 12:00am
Stable trend seen on cotton market

Stable trend seen on cotton market

Stable trend was seen on the cotton market on Saturday as the ginners did not lower the asking prices as they have small unsold stock, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2650, without upcountry expens
Published 27 May, 2007 12:00am
Pineapple moves up on Jodia Bazar

Pineapple moves up on Jodia Bazar

The trading on pineapple moved up on Jodia Bazar here on Saturday. The following changes were noted.
Published 27 May, 2007 12:00am
Rates turn lower on grain market

Rates turn lower on grain market

Modest business was seen on the grain market on Saturday as many buyers were on the sidelines amid balanced demand and supply position, they added. On the grains side wheat old and new both types were lower by Rs 15 at Rs 1185 and Rs 1200 in process of tr
Published 27 May, 2007 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Friday, but its differential to fuel oil cargo values remained steady from the previous day, as traders were seen making aggressive offers into the market.
Published 27 May, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 114,609 tonnes cargo including 76,698 tonnes import, 37,911 tonnes export cargo and 3,153 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 27 May, 2007 12:00am
Freight rates for intra-Asian lower

Freight rates for intra-Asian lower

Spot freight rates for intra-Asian routes were lower on Thursday, but discharge delays at US Gulf Coast terminals could put a squeeze on tonnage availability in the market, traders said.
Published 27 May, 2007 12:00am
Rouen grain exports up

Rouen grain exports up

Grain exports from the French port of Rouen totalled 166,939 tonnes for May 1-16, comprising 126,573 tonnes of soft wheat and 40,366 tonnes of barley, officials said on Tuesday. That compared to 398,738 tonnes May 1-17 last year, of which 317,418 tonnes o
Published 27 May, 2007 12:00am
Brazilian sugar vessels lineup falls

Brazilian sugar vessels lineup falls

The lineup of vessels waiting to load sugar in Brazilian ports fell to 50 ships from 56 last week, shipping agent Williams said Friday. In a weekly report, Williams said 36 vessels were lined up in the southern port of Santos, down from 41 last week. Ther
Published 27 May, 2007 12:00am
China port capacity to reach eight billion tonnes in 2010

China port capacity to reach eight billion tonnes in 2010

China's port handling capacity will increase by more than a third from levels at the end of last year to reach 8 billion tonnes by 2010, the China Securities Journal on Wednesday quoted a senior industry official as saying.
Published 27 May, 2007 12:00am
New York coffee falls

New York coffee falls

US arabica coffee futures inched to a lower close on Friday, ahead of the US long weekend, and pressured by speculative profit-taking and light producer selling, traders said.
Published 27 May, 2007 12:00am
Soyabeans post gains

Soyabeans post gains

Soyabean futures at the Chicago Board of Trade rose on Friday as the market was viewed as technically strong, mimicking the moves in the vegetable oil markets ahead of the long holiday weekend, traders said.
Published 27 May, 2007 12:00am
Indian sugar turns bitter weighed

Indian sugar turns bitter weighed

India's sugar industry, plagued by problems of plenty, is in for more trouble with forecasts of a bumper crop for the second year in a row. Sugar output in the year starting October could exceed 28 million tonnes, 1 million tonnes more than the projected
Published 27 May, 2007 12:00am
Rising trend on Australian wool market

Rising trend on Australian wool market

In another strong week with a slightly smaller offering and a 0.4 percent drop in the US exchange rate, the Australian wool market finished 2.5 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week.
Published 27 May, 2007 12:00am
New York cocoa slip

New York cocoa slip

US cocoa futures closed lower on Friday but above a fresh one-week low, pressured by technical selling and limited buying interest ahead of a long weekend in the US and London, traders said.
Published 27 May, 2007 12:00am
CBoT rice futures drift lower

CBoT rice futures drift lower

Rough rice futures at the Chicago Board of Trade closed lower on Friday on follow-through weakness in quiet trade before the long holiday weekend, traders said. CBOT markets will be closed until on Monday night for the US Memorial Day holiday. July rice e
Published 27 May, 2007 12:00am
US copper futures jump

US copper futures jump

New York copper futures may have ended their weeks-long selloff on Friday when bargain hunting near two-month lows turned into a strong short-cover rally that eventually drew new buyers into the spree, leaving prices with huge gains, analysts said.
Published 27 May, 2007 12:00am
US gold higher

US gold higher

US gold futures ended $2 higher on Friday after the previous session's sharp losses, helped by buying following options expirations, a weaker dollar and recovering copper prices. Most-active gold for June delivery on the Comex division of the New York Mer
Published 27 May, 2007 12:00am
New York sugar closes at month-peak

New York sugar closes at month-peak

Raw sugar prices settled on Friday at a month high as trade and speculative buying sparked a market rally although brokers feel producer sales lurking in the wings may scupper the advance after a holiday break.
Published 27 May, 2007 12:00am
Chile presents details of investment fund bill

Chile presents details of investment fund bill

Chile's Finance Ministry published the details on Friday of a draft law to be sent to Congress to raise limits on private pension fund investments abroad to 45 percent from 30 percent. If passed as is, the law will raise the limit on investments abroad in
Published 27 May, 2007 12:00am
Chile presents details of investment fund bill

Chile presents details of investment fund bill

Chile's Finance Ministry published the details on Friday of a draft law to be sent to Congress to raise limits on private pension fund investments abroad to 45 percent from 30 percent. If passed as is, the law will raise the limit on investments abroad in
Published 27 May, 2007 12:00am
Dutch raises no objections against TNT price cap

Dutch raises no objections against TNT price cap

The Dutch government raised no objections on Friday against regulating stamp prices of Dutch mail company TNT NV a proposal that has worried investors, but said it will seek a balanced approach.
Published 27 May, 2007 12:00am
Fukui to eye land prices, foreign exchange for policy

Fukui to eye land prices, foreign exchange for policy

The Bank of Japan (BOJ) will pay close attention to land prices and currency movements in addition to the economy and prices when implementing monetary policy, Governor Toshihiko Fukui was quoted as saying.
Published 27 May, 2007 12:00am
Orange enters Guinea-Bissau

Orange enters Guinea-Bissau

France Telecom's mobile business Orange started operations in the poor West African country of Guinea-Bissau on Friday, becoming the small nation's third cellphone operator.
Published 27 May, 2007 12:00am
Tunisia grants Qatar Petroleum $2 billion oil plant

Tunisia grants Qatar Petroleum $2 billion oil plant

Tunisia's Energy Ministry awarded Qatar-state owned Qatar Petroleum Company a $2.0 billion refinery deal, ministry and company officials said on Saturday. "We are happy today to sign the agreement with Tunisia to construct a refinery whose capacity is abo
Published 27 May, 2007 12:00am
SAS Sweden cancels all Sunday flights due to strike

SAS Sweden cancels all Sunday flights due to strike

Scandinavian Airlines System cancelled most Sunday flights to, from and within Sweden as a cabin crew strike dragged into a third day, SAS said in a statement. The Swedish arm of the airline said that negotiations with its employees "have not yet led to a
Published 27 May, 2007 12:00am
Iran wants to develop shared oil fields with Iraq

Iran wants to develop shared oil fields with Iraq

Iran wants to develop previously untapped oil fields shared with neighbouring Iraq, a move that will benefit the two countries which fought a war in the 1980s, an Iranian oil official said on Saturday.
Published 27 May, 2007 12:00am
Dubai April gold sales value up 32 percent

Dubai April gold sales value up 32 percent

Dubai gold sales rose 32 percent in value in April from the same month a year earlier as prices stabilised, a top Dubai Gold and Jewellery Group official said on Saturday, without giving a figure for the change in volume.
Published 27 May, 2007 12:00am
Nigerian oil unions end strike

Nigerian oil unions end strike

Nigerian unions have suspended a two-day strike in the national oil company after the government agreed to a pay rise and other benefits, a union leader said on Saturday.
Published 27 May, 2007 12:00am
South Sudan circulates $20 million in new pound currency

South Sudan circulates $20 million in new pound currency

The Bank of Southern Sudan has put 40 million new Sudanese pounds ($20 million) into circulation in south Sudan to try to standardise the currency used in the semi-autonomous region, an official told Reuters.
Published 27 May, 2007 12:00am
Microsoft to boost China R&D unit

Microsoft to boost China R&D unit

Microsoft Corp plans to add 1,200 staff for research and development in mainland China this year at an estimated cost of US $60 million, the South China Morning Post reported on Saturday.
Published 27 May, 2007 12:00am
About 70 percent of Iran oil income in non-US dollar

About 70 percent of Iran oil income in non-US dollar

Iran, embroiled in a row with Washington over its nuclear programme, has increased the amount of its oil export earnings in currencies other than US dollars to about 70 percent, an Iranian official said on Saturday.
Published 27 May, 2007 12:00am
Verdi sees room for deal in Telekom talks

Verdi sees room for deal in Telekom talks

Trade union Verdi would consider accepting variable pay and longer working hours as part of ongoing talks with Deutsche Telekom, a union leader involved in the dispute with Europe's biggest telecoms group said in a newspaper interview on Saturday.
Published 27 May, 2007 12:00am
Iran says detail of Sinopec oil deal still pending

Iran says detail of Sinopec oil deal still pending

Iran has finalised technical issues with China's Sinopec on developing its Yadavaran oil field but legal and economic details are still being negotiated, a senior Iranian official said on Saturday.
Published 27 May, 2007 12:00am
Farm, goods talks seen stalled in WTO trade round

Farm, goods talks seen stalled in WTO trade round

The World Trade Organisation's Doha Round negotiations on cutting barriers to global commerce appeared in serious trouble on Saturday as talks on the key farm and goods tariff dossiers were reported in blockage.
Published 27 May, 2007 12:00am
Emerging debt prices rise

Emerging debt prices rise

Emerging markets debt prices recovered on Friday as investors left safe-haven US Treasury notes in search of higher returns. Capital flows into Latin America were also pushing up currencies and stocks in the region, with the Colombian peso at its stronges
Published 27 May, 2007 12:00am
Emerging debt prices rise

Emerging debt prices rise

Emerging markets debt prices recovered on Friday as investors left safe-haven US Treasury notes in search of higher returns. Capital flows into Latin America were also pushing up currencies and stocks in the region, with the Colombian peso at its stronges
Published 27 May, 2007 12:00am
Canadian bonds sag

Canadian bonds sag

The most Canadian bond prices eased on Friday ahead of next week's Bank of Canada decision, with some pressure brought on by higher stock prices. The bond market has been in general retreat over the past 2-1/2 months, as expectations have shifted toward i
Published 27 May, 2007 12:00am
Canadian bonds sag

Canadian bonds sag

The most Canadian bond prices eased on Friday ahead of next week's Bank of Canada decision, with some pressure brought on by higher stock prices. The bond market has been in general retreat over the past 2-1/2 months, as expectations have shifted toward i
Published 27 May, 2007 12:00am
Mexican stocks rally

Mexican stocks rally

Mexican stocks rallied on Friday, buoyed by a jump in Aeromexico airline on take-over interest. The IPC index, recently trading near record highs, climbed 1.19 percent to end at 30,700.01 points.
Published 27 May, 2007 12:00am
US corporate bonds spread slightly changed

US corporate bonds spread slightly changed

US corporate bond spreads held steady on Friday during a holiday-shortened session, while home builders' credit spreads widened a little on surprisingly weak figures on existing home sales.
Published 27 May, 2007 12:00am
US corporate bonds spread slightly changed

US corporate bonds spread slightly changed

US corporate bond spreads held steady on Friday during a holiday-shortened session, while home builders' credit spreads widened a little on surprisingly weak figures on existing home sales.
Published 27 May, 2007 12:00am
Toronto stocks end higher

Toronto stocks end higher

The Toronto Stock Exchange's main index ended higher on Friday, bouncing back from a big selloff the previous session, as strength in resource issues offset weakness in Royal Bank of Canada after its results failed to impress the market.
Published 27 May, 2007 12:00am
European stocks likely to touch multi-year high

European stocks likely to touch multi-year high

European stocks could struggle to push to new multi-year highs next week as investors fret about US growth and a Chinese equity bubble, amid a hefty stream of economic data, merger developments and a handful of earnings.
Published 27 May, 2007 12:00am
Blackstone deal may bring attention back to IPOs

Blackstone deal may bring attention back to IPOs

Blackstone Group's massive upcoming initial public offering could help draw investor attention back to the IPO market, ensuring 2007 is a solid if not spectacular year for offerings. There are good reasons to think the initial public offering market could
Published 27 May, 2007 12:00am
Brazil stocks rally

Brazil stocks rally

Brazil's stocks and currency gained on Friday, snapping a three-day losing streak, as dollar inflows from exporters supported the currency and equity investors jumped back into the market. The Bovespa index of the Sao Paulo Stock Exchange rose 2.15 percen
Published 27 May, 2007 12:00am
Chile stocks close with strong gains

Chile stocks close with strong gains

Chile stocks made solid advances on Friday, led by forestry shares amid speculative buying a week after a mega merger in the retail sector. The trade-weighted blue chip IPSA index rose 1.79 percent to 3,210.31 points while the all-market IGPA index advanc
Published 27 May, 2007 12:00am
US Treasury debt prices finish weaker

US Treasury debt prices finish weaker

US Treasury debt prices fell on Friday, ending lower for a third straight week, as weaker euro-zone bonds and stock gains muted the impact of surprisingly weak data on existing-home sales. An unexpected 2.6 percent decline in April existing-home sales cau
Published 27 May, 2007 12:00am
US Treasury debt prices finish weaker

US Treasury debt prices finish weaker

US Treasury debt prices fell on Friday, ending lower for a third straight week, as weaker euro-zone bonds and stock gains muted the impact of surprisingly weak data on existing-home sales. An unexpected 2.6 percent decline in April existing-home sales cau
Published 27 May, 2007 12:00am
Russia's GV Gold postpones IPO for second time

Russia's GV Gold postpones IPO for second time

GV Gold, Russia's seventh-largest gold producer, has postponed its initial share offering to autumn from May because of poor market conditions, a banking source said on Friday. "The company had a choice - to sell cheap or take a decision to postpone," the
Published 27 May, 2007 12:00am
Russia's GV Gold postpones IPO for second time

Russia's GV Gold postpones IPO for second time

GV Gold, Russia's seventh-largest gold producer, has postponed its initial share offering to autumn from May because of poor market conditions, a banking source said on Friday. "The company had a choice - to sell cheap or take a decision to postpone," the
Published 27 May, 2007 12:00am
Saudi Kingdom Holding IPO seen before July

Saudi Kingdom Holding IPO seen before July

Prince Alwaleed bin Talal will sell shares in his Kingdom Holding Co in an initial public offering before the end of next month, the Saudi billionaire said in comments published late on Friday.
Published 27 May, 2007 12:00am
US stocks soar as Nasdaq and Coke spur

US stocks soar as Nasdaq and Coke spur

US stocks rose on Friday as take-over news, including Nasdaq's plan to buy Nordic exchange company OMX, boosted investor optimism, although trading was light ahead of a long holiday weekend. Nasdaq Stock Market Inc's planned $3.7 billion acquisition of OM
Published 27 May, 2007 12:00am
India inflation falls to eight-month low

India inflation falls to eight-month low

Indian inflation fell to its lowest level in eight months in mid-May, official data showed on Friday, but analysts said the central bank may need to take further action to tame price growth.
Published 27 May, 2007 12:00am
Inflation going global as capacity pressures weigh

Inflation going global as capacity pressures weigh

Inflation has gone global - that's the conclusion of a growing number of economists who say world capacity pressures now have more influence on a country's inflation than factors closer to home.
Published 27 May, 2007 12:00am
Dollar drops versus euro

Dollar drops versus euro

The dollar edged lower against the euro on Friday after a surprisingly weak report on existing home sales rekindled worries that a downturn in the US housing sector may have further room to run. Some analysts said the data showing sales of existing homes
Published 27 May, 2007 12:00am
South Korean won turns up at week high

South Korean won turns up at week high

The South Korean won turned higher to hit a week high against the dollar on Friday as demand from foreign equity investors and exporters prompted market players to clear dollar-long positions.
Published 27 May, 2007 12:00am
Taiwan dollar rises on yen

Taiwan dollar rises on yen

The Taiwan dollar firmed on Friday, tracking gains in the yen after data showed Japan's consumer prices fell at a slower pace in April, although US dollar buying from insurers capped gains. The Taiwan dollar ended at T$33.239 to the US dollar, stronger th
Published 27 May, 2007 12:00am
Canadian dollar rises

Canadian dollar rises

The Canadian dollar charged higher on Friday, buoyed by stronger oil prices and a weaker US currency, while bond prices were mostly lower ahead of next week's Bank of Canada interest rate decision.
Published 27 May, 2007 12:00am
Ireland's Ahern heading for record third term

Ireland's Ahern heading for record third term

Bertie Ahern looked set Saturday for a record third term as Irish prime minister with the majority of seats decided in the country's cliff-hanger general election.
Published 27 May, 2007 12:00am
Afghan insecurity disrupts vital aid: UN

Afghan insecurity disrupts vital aid: UN

Rising insecurity in Afghanistan has disrupted the delivery of vital aid to about one million people, the UN World Food Programme said on Saturday. Violence has surged in Afghanistan in recent months following a traditional winter lull. Last year was the
Published 27 May, 2007 12:00am
UN moves on Lebanon court process despite objections

UN moves on Lebanon court process despite objections

Western powers put their plan for a court to prosecute the murder of a former Lebanese prime minister before the UN Security Council on Friday, but Russia raised objections to its compulsory nature.
Published 27 May, 2007 12:00am
'Star Wars' 30th anniversary party draws thousands

'Star Wars' 30th anniversary party draws thousands

White-armoured storm troopers, robed Jedi knights and bun-haired Princess Leia look-alikes roamed the Los Angeles Convention Center on Friday to celebrate the 30th anniversary of the "Star Wars" film phenomenon.
Published 27 May, 2007 12:00am
Indian court issues rules to save threatened tigers

Indian court issues rules to save threatened tigers

An Indian court has banned hotels, flash photography, firearms and diesel vehicles from the last remaining tiger habitat in the Indian state of Rajasthan to protect dwindling numbers of the threatened cats.
Published 27 May, 2007 12:00am
Hope for Bosnian town whose bridge will shine again

Hope for Bosnian town whose bridge will shine again

The decaying Ottoman bridge on Bosnia's River Drina at Visegrad is soon to be restored, but the community whose life around it was chronicled in an epic novel is unlikely to be the same again.
Published 27 May, 2007 12:00am
Greenpeace posts leaked US objection to G8 climate statement

Greenpeace posts leaked US objection to G8 climate statement

Greenpeace on Saturday published a leaked document showing the United States has raised serious new objections to a proposed global warming declaration for next month's Group of Eight summit. In the document, US officials representing the administration o
Published 27 May, 2007 12:00am
UN officer killed by robbers in Darfur

UN officer killed by robbers in Darfur

A UN military officer deployed to Sudan's war-ravaged Darfur region to support African Union peacekeepers has been killed by robbers at his residence in el-Fasher, an African Union spokesman said on Saturday.
Published 27 May, 2007 12:00am
Mogadishu deputy mayor survives bomb attack

Mogadishu deputy mayor survives bomb attack

Mogadishu's deputy mayor survived a roadside blast on Saturday that killed a boy and wounded at least five others, the latest Iraq-style insurgent attack in the chaotic capital. Deputy Mayor Abdifatah Ibrahim Omar has only been on the job since last month
Published 27 May, 2007 12:00am
Argentina clinch World Team Cup

Argentina clinch World Team Cup

Argentina came back from the brink to snatch a thrilling 2-1 victory over the Czech Republic and capture the World Team Cup for the third time on Saturday.
Published 27 May, 2007 12:00am
Asians take all men's semi-final spots

Asians take all men's semi-final spots

A Chinese trio and Olympic champion Ryu Seung Min dashed Europe's hopes of grabbing a men's singles medal at the world table tennis championships on Saturday by winning their quarter-final matches.
Published 27 May, 2007 12:00am
Montenegro all set to become the 208th Fifa member

Montenegro all set to become the 208th Fifa member

European country Montenegro is all set to formally become the 208th member of Federation Internationale de Football Association (Fifa). The Montenegro national football team came into existence following the World Cup last year. They became UEFA's newest
Published 27 May, 2007 12:00am
West Indies made to follow on

West Indies made to follow on

West Indies were made to follow-on after being bowled out for 146 in reply to England's first innings 570 for seven declared, a deficit of 424 runs and 225 short of avoiding being made to bat again on the second day of the second Test at Headingley here S
Published 27 May, 2007 12:00am
Pietersen double century puts England on top

Pietersen double century puts England on top

Kevin Pietersen's maiden Test double century put England in a dominant position on the second day of the second Test against West Indies here Saturday. His 226, the highest Test score by an England batsman for 17 years, was the centrepiece of the hosts' 5
Published 27 May, 2007 12:00am
Dementieva wins Istanbul Cup

Dementieva wins Istanbul Cup

Elena Dementieva won the Istanbul Cup on Saturday after her opponent, surprise finalist Aravane Rezai, retired hurt in the second set with the Russian leading 7-6 3-0. It was a disappointing end to the tournament for the unseeded French player who had pul
Published 27 May, 2007 12:00am
Botham to be knighted by queen

Botham to be knighted by queen

Former England cricketer Ian Botham is to be knighted for his charity work, the Daily Mirror newspaper reported Saturday. Botham, England's most famous all-rounder, played from 1977 to 1989, notching up 5200 runs and 383 wickets, and is best known for his
Published 27 May, 2007 12:00am
Medina upsets Mauresmo to win Strasbourg title

Medina upsets Mauresmo to win Strasbourg title

Top seed Amelie Mauresmo lost 6-4 4-6 6-4 to Spaniard Anabel Medina Garrigues in the Strasbourg Open final on Saturday to end her preparations for the French Open with a surprise defeat. The world number five got off to a shaky start with Medina taking ad
Published 27 May, 2007 12:00am
India set highest-ever Test score versus Bangladesh

India set highest-ever Test score versus Bangladesh

India battered Bangladesh with both bat and ball to leave the hosts gasping for survival in the second and final cricket Test here on Saturday. Sachin Tendulkar extended his world record tally to 37 centuries as the Indians piled up a mammoth 610-3 before
Published 27 May, 2007 12:00am
Zimbabwe police arrest 200 opposition activists

Zimbabwe police arrest 200 opposition activists

Zimbabwe riot police arrested more than 200 opposition activists and officials on Saturday during a meeting they were holding at their party headquarters, an opposition spokesman said.
Published 27 May, 2007 12:00am
Polls in Manila open with blasts, gunfire

Polls in Manila open with blasts, gunfire

Three people, including a soldier, were wounded as special balloting opened on Saturday in 13 Muslim towns in the southern Philippines amid blasts and gunfire, said a police general.
Published 27 May, 2007 12:00am
Mudslide, lightning kill 43 in China

Mudslide, lightning kill 43 in China

Mudslides and floods caused by torrential rains, and lightning strikes in south-western China's Sichuan province have killed 43 people and left many homeless over the past week, the Xinhua news agency said on Saturday.
Published 27 May, 2007 12:00am
Bomb blast kills seven in northeast India

Bomb blast kills seven in northeast India

A bomb hidden in a rickshaw exploded in a crowded market place in India's north-eastern state of Assam on Saturday, killing seven people and wounding 18, police said. Authorities said the separatist United Liberation Front of Asom (ULFA) was behind the at
Published 27 May, 2007 12:00am
Balkan romp brings happy ending to Cannes

Balkan romp brings happy ending to Cannes

Two-time Cannes winner Emir Kusturica brought a happy ending to the film festival on Saturday with a boisterous Balkan romp, breaking the mould for a competition full of dark tales. "Promise Me This" is the last of 22 films to be screened in the main line
Published 27 May, 2007 12:00am
Khaleda Zia dismisses talk of exile

Khaleda Zia dismisses talk of exile

Former Bangladesh premier Khaleda Zia dismissed talk of exile in her first public comments in five months and called on the army-backed government to hold early polls, reports said Saturday. "See I am still in the country," she told reporters following a
Published 27 May, 2007 12:00am
Troops deployed to Kiev

Troops deployed to Kiev

Ukraine's President Viktor Yushchenko ordered extra troops into the capital on Saturday as he haggled with his main rival over a date for parliamentary elections amid a protracted political crisis.
Published 27 May, 2007 12:00am
Kazakhstan's president sacks son-in-law

Kazakhstan's president sacks son-in-law

Kazakh President Nursultan Nazarbayev sacked his son-in-law, diplomat Rakhat Aliyev, on Saturday after Aliyev challenged the Kazakh leader by declaring he intended to run for the presidency.
Published 27 May, 2007 12:00am
Three US troops killed in Iraq

Three US troops killed in Iraq

Three US servicemen have died in a series of incidents across Iraq, the US military reported Saturday. On Friday evening a roadside bomb killed a soldier north-east of the capital in Diyala province. Another soldier was killed by small arms fire during a
Published 27 May, 2007 12:00am
US and British forces battle Mehdi Army; 5 killed

US and British forces battle Mehdi Army; 5 killed

US and British forces battled Mehdi Army fighters in Baghdad and the southern city of Basra after their leader, Shia cleric Moqtada al-Sadr, made a rare public appearance and called on US troops to get out of Iraq.
Published 27 May, 2007 12:00am
Punjab teachers continue boycott

Punjab teachers continue boycott

Teachers continue their boycott against the primary examination throughout the province. The presence of the students remained very low at the examination centers in various cities throughout the province. Most of the parents and the owners of the private
Published 27 May, 2007 12:00am
Textile industry facing worst crisis: Aptma

Textile industry facing worst crisis: Aptma

All Pakistan Textile Mills Association (Aptma) spokesman Tanvir Sheikh has said that the textile industry is experiencing the worst crisis in Pakistan's history as no steps are being taken by the government to remedy the situation.
Published 27 May, 2007 12:00am
Sugarcane to be cultivated over 3,05,000 acres

Sugarcane to be cultivated over 3,05,000 acres

Sugarcane will be cultivated over 305000 and cotton over 301000 acres this year in Faisalabad district. District Officer (Agriculture) Chauhdry Ali Ahmad Goraya said that government was concentrating to increase per acre yield of these crops as the agricu
Published 27 May, 2007 12:00am
Seven Union Councils nazims join PML

Seven Union Councils nazims join PML

Nazims of seven Union Councils of Gujranwala belonging to Peoples Party and PML-N called on Punjab Chief Minister Chaudhry Pervaiz Elahi at Chief Minister's Secretariat, here Saturday. They expressed their confidence in the leadership of President Pakista
Published 27 May, 2007 12:00am
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