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Print - 2007-07-25
New York coffee falls

New York coffee falls

US open-outcry arabica coffee dropped to a lower close on Monday on fund selling and pressure from the robusta market, traders said. We felt like the market was a bit under pressure from some funds that were selling it and also the London stops that were
Published 25 Jul, 2007 12:00am
Abdullah Mehsud kills himself to escape arrest

Abdullah Mehsud kills himself to escape arrest

The government has confirmed killing of high target Taliban commander Abdullah Mehsud in a police raid in Zhob district of Balochistan in the wee hours of Tuesday.
Published 25 Jul, 2007 12:00am
Vietnam coffee: sales slow as supply runs out

Vietnam coffee: sales slow as supply runs out

Vietnam's coffee trade has slowed to a trickle in the past week due to supply shortages in the period between crops, traders said on Tuesday. "The best estimate is that there is around 20,000 tonnes of robusta beans left in Daklak," said a trader in Buon
Published 25 Jul, 2007 12:00am
Jirga fails to make any breakthrough

Jirga fails to make any breakthrough

The grand tribal Jirga remained failed to make any breakthrough and bringing peace in the restive North Waziristan Agency and revival of the peace agreement with the tribesmen of the region.
Published 25 Jul, 2007 12:00am
Copper lower in New York

Copper lower in New York

US copper futures back-pedalled from a new 11-week high to close down 1.3 percent on Monday as investors banked profits following the market's recent technical breakout, analysts said.
Published 25 Jul, 2007 12:00am
Jirga fails to make any breakthrough

Jirga fails to make any breakthrough

The grand tribal Jirga remained failed to make any breakthrough and bringing peace in the restive North Waziristan Agency and revival of the peace agreement with the tribesmen of the region.
Published 25 Jul, 2007 12:00am
Gold futures down

Gold futures down

US gold futures finished slightly lower on Monday, as the precious metals market took a breather from last week's rally, but a weakened dollar and more bullish sentiment limited losses. Bullion's recent rise prompted investors to increase holdings in Stre
Published 25 Jul, 2007 12:00am
EU unveils plans for new Libya ties

EU unveils plans for new Libya ties

The European Union ushered in a new era of relations with Libya Tuesday with plans to boost imports of Libyan products and ease visa restrictions under a deal that won the release of six foreign medics.
Published 25 Jul, 2007 12:00am
Gold up on weak dollar

Gold up on weak dollar

Gold inched up on Tuesday, tracking a weaker US dollar, while Tokyo futures fell on losses in New York's COMEX market and a firm yen. Spot gold inched up to $681.40/682.20 an ounce at 0630 GMT, from $681.00/681.80 late in New York on Monday. It traded wit
Published 25 Jul, 2007 12:00am
Asian physical rubber prices

Asian physical rubber prices

Asian physical rubber extended gains on Tuesday despite falls in the Tokyo Commodity Exchange as concerns over declining supplies supported the market. Trading revived with some Chinese buyers seeking Thai RSS3 at around $2.08 per kg for prompt shipment,
Published 25 Jul, 2007 12:00am
British foreign secretary arrives in Afghanistan

British foreign secretary arrives in Afghanistan

Britain's Foreign Secretary David Miliband arrived in Kabul on Tuesday for his first visit to Afghanistan since being named to the post less than a month ago, officials said.
Published 25 Jul, 2007 12:00am
Callebaut to raise cocoa capacity in Ivory Coast

Callebaut to raise cocoa capacity in Ivory Coast

Barry Callebaut, the world's biggest chocolate maker, said it would increase its cocoa processing capacities in the Ivory Coast after securing a series of large outsourcing deals, sending its shares higher.
Published 25 Jul, 2007 12:00am
Benazir wants army to return to barracks

Benazir wants army to return to barracks

Former Prime Minister and PPP Chairperson Benazir Bhutto disclosed on Tuesday that PPP-government talks were underway mainly focusing on sending military to back in barracks. "PPP wants to seen military back into barracks as soon as possible and we are ho
Published 25 Jul, 2007 12:00am
Oil dips as higher US fuel production seen

Oil dips as higher US fuel production seen

Oil prices fell for a third day on Tuesday, on expectations of rising fuel stockpiles in the United States and after Opec vowed to pump more crude if needed. London Brent crude, currently seen as more representative of the world market, eased 16 cents to
Published 25 Jul, 2007 12:00am
Financial adviser appointed for NBP-GDR transaction

Financial adviser appointed for NBP-GDR transaction

The board of Privatisation Commission in its meeting held on Tuesday appointed consortium of M/s Deutsche Bank, Morgan Stanley and AKD Securities as financial adviser for the National Bank of Pakistan GDR transaction.
Published 25 Jul, 2007 12:00am
Malaysian tin falls

Malaysian tin falls

Malaysian tin fell marginally on Tuesday against a big drop in London Metal Exchange prices due to a technical correction, one dealer said.
Published 25 Jul, 2007 12:00am
Financial adviser appointed for NBP-GDR transaction

Financial adviser appointed for NBP-GDR transaction

The board of Privatisation Commission in its meeting held on Tuesday appointed consortium of M/s Deutsche Bank, Morgan Stanley and AKD Securities as financial adviser for the National Bank of Pakistan GDR transaction.
Published 25 Jul, 2007 12:00am
Shanghai copper down

Shanghai copper down

Shanghai copper fell more than 3 percent on Tuesday after falls in London copper on rising inventories, while news of record production at BHP Billiton and a deal between Chilean miner Codelco and workers also weighed on prices.
Published 25 Jul, 2007 12:00am
Financial adviser appointed for NBP-GDR transaction

Financial adviser appointed for NBP-GDR transaction

The board of Privatisation Commission in its meeting held on Tuesday appointed consortium of M/s Deutsche Bank, Morgan Stanley and AKD Securities as financial adviser for the National Bank of Pakistan GDR transaction.
Published 25 Jul, 2007 12:00am
Licht revises up 2006-07 global sugar output

Licht revises up 2006-07 global sugar output

German analyst F.O. Licht on Monday revised up its forecast for 2006/07 (October-September) world sugar production to 167.3 million tonnes against 152.6 million tonnes in 2005/06 and said output may rise even further in 2007/08.
Published 25 Jul, 2007 12:00am
Merkel and UN envoy agree to increase aid to Pakistan

Merkel and UN envoy agree to increase aid to Pakistan

The international community must increase support to Afghanistan's neighbours, including Pakistan, if peace efforts in the region are to succeed, the top UN envoy to Afghanistan said on Tuesday.
Published 25 Jul, 2007 12:00am
New York sugar settles easier

New York sugar settles easier

Raw sugar futures crumbled from producer and speculative sales to finish lower Monday, but the sweetener is trapped in a band and will probably stay there this week, brokers said. The New York Board of Trade's October sugar contract shed 0.15 cent to clos
Published 25 Jul, 2007 12:00am
Merkel and UN envoy agree to increase aid to Pakistan

Merkel and UN envoy agree to increase aid to Pakistan

The international community must increase support to Afghanistan's neighbours, including Pakistan, if peace efforts in the region are to succeed, the top UN envoy to Afghanistan said on Tuesday.
Published 25 Jul, 2007 12:00am
Soybeans hit bottom on mild weather

Soybeans hit bottom on mild weather

Chicago Board of Trade soybean dove to a one-month low as mild weather for the soy crop as it enters pod setting and filling ignited speculative selling, traders said. As August approaches - the key yield determining period for soybeans Midwest crops were
Published 25 Jul, 2007 12:00am
Indian sugar higher

Indian sugar higher

Indian sugar futures edged higher on Tuesday, with traders watching the government for incentives to help millers tide over stockpiles. The August contract on the National Commodity and Derivatives Exchange was up 0.08 percent at 1,309 rupees, while the S
Published 25 Jul, 2007 12:00am
CBoT rice weaker

CBoT rice weaker

Chicago Board of Trade rough rice futures closed lower Monday on spill-over weakness from corn and soybeans amid light volume, traders said. "They'll start harvesting soon in the very deep south - Louisiana and Texas. That added to the pressure," one rice
Published 25 Jul, 2007 12:00am
Tokyo rubber falls

Tokyo rubber falls

Tokyo rubber futures fell almost 1 percent on Tuesday, a day after their challenge above a key resistance of 260.0 yen per kg failed, while a stronger yen weighed on the yen-denominated prices. The benchmark rubber contract on the Tokyo Commodity Exchange
Published 25 Jul, 2007 12:00am
Malaysian palm oil climbs

Malaysian palm oil climbs

Malaysian crude palm oil futures jumped 1.8 percent on Tuesday as India reduced import tariffs on edible oil, boosting hopes that palm oil shipments to the South Asian nation would rise. The benchmark October contract on the Bursa Malaysia Derivatives Exc
Published 25 Jul, 2007 12:00am
BP profits down less than expected

BP profits down less than expected

BP Plc posted a 1 percent drop in quarterly post-tax profit to $6.087 billion as production fell and refinery outages prevented the oil giant from taking full advantage of near-record refining margins.
Published 25 Jul, 2007 12:00am
BP profits down less than expected

BP profits down less than expected

BP Plc posted a 1 percent drop in quarterly post-tax profit to $6.087 billion as production fell and refinery outages prevented the oil giant from taking full advantage of near-record refining margins.
Published 25 Jul, 2007 12:00am
China blocks US bid for WTO tax subsidy probe

China blocks US bid for WTO tax subsidy probe

China blocked a US request on Tuesday for a World Trade Organisation investigation into tax exemptions and refunds that Washington says give Chinese businesses an unfair advantage. In a first-time filing to the WTO's Dispute Settlement Body, the United St
Published 25 Jul, 2007 12:00am
McDonald's posts loss

McDonald's posts loss

McDonald's Corp, the world's biggest restaurant company, on Tuesday posted a quarterly net loss after taking a big charge related to the sale of its outlets in Latin America.
Published 25 Jul, 2007 12:00am
McDonald's posts loss

McDonald's posts loss

McDonald's Corp, the world's biggest restaurant company, on Tuesday posted a quarterly net loss after taking a big charge related to the sale of its outlets in Latin America.
Published 25 Jul, 2007 12:00am
PepsiCo profit up, raises outlook

PepsiCo profit up, raises outlook

PepsiCo Inc posted a greater-than-expected quarterly profit on Tuesday on a lower tax rate, higher sales of Frito-Lay snacks and strength in international markets.
Published 25 Jul, 2007 12:00am
PepsiCo profit up, raises outlook

PepsiCo profit up, raises outlook

PepsiCo Inc posted a greater-than-expected quarterly profit on Tuesday on a lower tax rate, higher sales of Frito-Lay snacks and strength in international markets.
Published 25 Jul, 2007 12:00am
Opec to inject more crude oil: Iran

Opec to inject more crude oil: Iran

Iran said on Tuesday Opec would inject more crude oil to the market if it was needed, the official IRNA news agency quoted Javad Yarjani, head of Opec affairs at Iran's Oil Ministry as saying. "In case the oil market needs it, Opec will inject more oil in
Published 25 Jul, 2007 12:00am
AT&T profit rises on wireless

AT&T profit rises on wireless

AT&T Inc on Tuesday posted higher-than-expected quarterly profit on strong wireless subscriber growth, but results of the first two days of iPhone sales fell short of forecasts. The iPhone results sent A&T stock down slightly, but shares of Apple Inc, whi
Published 25 Jul, 2007 12:00am
AT&T profit rises on wireless

AT&T profit rises on wireless

AT&T Inc on Tuesday posted higher-than-expected quarterly profit on strong wireless subscriber growth, but results of the first two days of iPhone sales fell short of forecasts. The iPhone results sent A&T stock down slightly, but shares of Apple Inc, whi
Published 25 Jul, 2007 12:00am
Tajikistan opens financial market to foreign banks

Tajikistan opens financial market to foreign banks

The central Asian state of Tajikistan has decided to open its financial market to foreign banks, having kept them at arms length for years, in a move hailed by the World Bank. Central Bank chief Murodali Alimardonov said Tuesday the first operating licenc
Published 25 Jul, 2007 12:00am
Thailand relaxes foreign exchange holding rules to curb baht

Thailand relaxes foreign exchange holding rules to curb baht

Thailand relaxed rules on foreign currency holdings on Tuesday in its latest bid to rein in the baht, but analysts said the move would do little to pull the currency back from 10-year highs against the dollar. In order to boost domestic demand for foreign
Published 25 Jul, 2007 12:00am
Lockheed, Northrop profits up

Lockheed, Northrop profits up

Lockheed Martin Corp and Northrop Grumman Corp, two of the world's biggest defence contractors, reported higher-than-expected second-quarter profits on Tuesday on the back of strong fighter jet, technology and satellite sales.
Published 25 Jul, 2007 12:00am
Lockheed, Northrop profits up

Lockheed, Northrop profits up

Lockheed Martin Corp and Northrop Grumman Corp, two of the world's biggest defence contractors, reported higher-than-expected second-quarter profits on Tuesday on the back of strong fighter jet, technology and satellite sales.
Published 25 Jul, 2007 12:00am
Eurozone orders point to upswing, rate rise

Eurozone orders point to upswing, rate rise

Eurozone new industrial orders grew more than expected in May, data showed on Tuesday, confirming an economic upswing despite the strength of the euro and boosting expectations of an interest rate rise.
Published 25 Jul, 2007 12:00am
France consumer spending shows sharp rebound

France consumer spending shows sharp rebound

French consumer spending rose by a stronger-than-expected 1.6 percent in June, as clothing sales bounced back from a sharp drop the month before, data from statistics office INSEE showed on Tuesday.
Published 25 Jul, 2007 12:00am
Kenya wins EU pledge of equal trade access

Kenya wins EU pledge of equal trade access

Kenya has been promised the same level of access to European Union markets as received by its poorer neighbours Uganda and Tanzania once a new trade deal takes effect in 2008, Kenya's trade minister said on Tuesday.
Published 25 Jul, 2007 12:00am
Countries pledge another WTO farm talks push

Countries pledge another WTO farm talks push

Trade diplomats pledged on Tuesday to make another push for a deal to open world farm markets, calling proposals meant to break a deadlock "a good starting point" for negotiations resuming in September.
Published 25 Jul, 2007 12:00am
BHP Billiton posts record output across operations

BHP Billiton posts record output across operations

BHP Billiton Ltd/Plc, the world's top miner, reported a raft of annual production records on Tuesday, led by strong fourth-quarter gains in copper, nickel and coal. Sweeping industrial modernisation and urban growth in China has led a boom in demand for a
Published 25 Jul, 2007 12:00am
EMC quarterly profit up but outlook disappoints

EMC quarterly profit up but outlook disappoints

EMC Corp posted a 20 percent rise in quarterly profit on Tuesday on higher sales of data storage equipment, but shares fell as its full-year forecast disappointed investors hoping for a more bullish outlook.
Published 25 Jul, 2007 12:00am
EMC quarterly profit up but outlook disappoints

EMC quarterly profit up but outlook disappoints

EMC Corp posted a 20 percent rise in quarterly profit on Tuesday on higher sales of data storage equipment, but shares fell as its full-year forecast disappointed investors hoping for a more bullish outlook.
Published 25 Jul, 2007 12:00am
Kimberly-Clark profit up, view raised

Kimberly-Clark profit up, view raised

Kimberly-Clark Corp said on Tuesday that quarterly profit jumped a better-than-expected 22 percent as cost cutting efforts helped offset higher costs for the fiber used in its products, and raised its full-year earnings forecast.
Published 25 Jul, 2007 12:00am
Kimberly-Clark profit up, view raised

Kimberly-Clark profit up, view raised

Kimberly-Clark Corp said on Tuesday that quarterly profit jumped a better-than-expected 22 percent as cost cutting efforts helped offset higher costs for the fiber used in its products, and raised its full-year earnings forecast.
Published 25 Jul, 2007 12:00am
Brazil June current account surplus up, FDI surges

Brazil June current account surplus up, FDI surges

Brazil's current account surplus widened to nearly $700 million in June as overseas interest payments tumbled, the central bank said on Monday, while foreign direct investment soared to record highs.
Published 25 Jul, 2007 12:00am
Australia producer prices pushed up by petrol

Australia producer prices pushed up by petrol

Australia's producer prices climbed last quarter as higher fuel costs spilled through the supply chain, cementing expectations for a sizable increase in consumer prices, due later this week.
Published 25 Jul, 2007 12:00am
Japan quake sends tremors across nuclear industry

Japan quake sends tremors across nuclear industry

A Japanese earthquake that forced the closure of the world's biggest nuclear plant has highlighted the energy source's dangers, just when support had been growing. Worries about security of energy supply and the urgency of fighting climate change had help
Published 25 Jul, 2007 12:00am
Akzo Nobel second quarter profit up

Akzo Nobel second quarter profit up

Dutch chemical group Akzo Nobel on Tuesday reported a 35 percent rise in core quarterly profit, above analysts' expectations, but remained silent on a possible move for British rival ICI.
Published 25 Jul, 2007 12:00am
Akzo Nobel second quarter profit up

Akzo Nobel second quarter profit up

Dutch chemical group Akzo Nobel on Tuesday reported a 35 percent rise in core quarterly profit, above analysts' expectations, but remained silent on a possible move for British rival ICI.
Published 25 Jul, 2007 12:00am
Telenor second quarter core profit falls

Telenor second quarter core profit falls

Norwegian telecom group Telenor reported a 6 percent fall in second-quarter core earnings on Tuesday, roughly in line with expectations following an ongoing dispute over its Kyivstar unit in Ukraine.
Published 25 Jul, 2007 12:00am
Telenor second quarter core profit falls

Telenor second quarter core profit falls

Norwegian telecom group Telenor reported a 6 percent fall in second-quarter core earnings on Tuesday, roughly in line with expectations following an ongoing dispute over its Kyivstar unit in Ukraine.
Published 25 Jul, 2007 12:00am
US business outlook better than before: survey

US business outlook better than before: survey

prospects have brightened since the start of the year, according to a National Association for Business Economics survey conducted during July and issued on Monday, but companies face shortages of skilled employees and rising input costs.
Published 25 Jul, 2007 12:00am
Malaysian shares rise

Malaysian shares rise

Malaysian share prices closed 0.8 percent higher Tuesday to post another record high as investors cheered the government's development plans for the northern region, dealers said. The Kuala Lumpur Composite Index gained 10.65 points at 1,392.18, beating t
Published 25 Jul, 2007 12:00am
Indonesian shares up

Indonesian shares up

Indonesian share prices rose 0.6 percent Tuesday, extending record gains to a fourth day as investors accumulated select major stocks in anticipation of strong first half to June earnings. Dealers noted that the market had now broken through the psycholog
Published 25 Jul, 2007 12:00am
Seoul shares go flat

Seoul shares go flat

Seoul shares climbed above 2,000 points on Tuesday for the first time as banks gained, but then reversed themselves to end flat, as technology stocks fell following weak revenue guidance from Texas Instruments.
Published 25 Jul, 2007 12:00am
Wall Street shares higher as take-overs surge

Wall Street shares higher as take-overs surge

Wall Street shares rocketed higher on Monday amid a renewed burst of merger and take-over activity as investors propelled the Dow close to the 14,000 point mark. Fresh merger and take-over news dominated the headlines and stoked stocks higher despite ling
Published 25 Jul, 2007 12:00am
Thai shares close higher

Thai shares close higher

Thai share prices closed sharply higher Tuesday, jumping 2.12 percent as investors took heart from the army-backed government's measures aimed at easing the strong baht, dealers said. They said sentiment was positive during the day on the back of record g
Published 25 Jul, 2007 12:00am
Philippines shares close 0.8 percent lower

Philippines shares close 0.8 percent lower

Philippines share prices closed 0.8 percent lower Tuesday as President Gloria Arroyo's disappointing state of the nation address failed to boost investor sentiment, dealers said. Comments from Fitch Ratings that the government is unlikely to keep its budg
Published 25 Jul, 2007 12:00am
US Treasuries lower

US Treasuries lower

US Treasuries slipped on Monday, lifting benchmark yields from Friday's six-week lows as stocks rallied. The gains in stocks tempted buyers back into riskier assets and out of US government bonds, which rallied last week on safe-haven buying sparked by in
Published 25 Jul, 2007 12:00am
US Treasuries lower

US Treasuries lower

US Treasuries slipped on Monday, lifting benchmark yields from Friday's six-week lows as stocks rallied. The gains in stocks tempted buyers back into riskier assets and out of US government bonds, which rallied last week on safe-haven buying sparked by in
Published 25 Jul, 2007 12:00am
Singapore shares rise to highest level

Singapore shares rise to highest level

Singapore stocks rose on Tuesday to their highest level in about a week, led by Singapore Exchange, Asia's third-largest listed bourse operator, which surged on expectations of strong quarterly earnings.
Published 25 Jul, 2007 12:00am
Hong Kong shares hit record

Hong Kong shares hit record

Hong Kong-listed China plays rose 1.2 percent on Tuesday as insurers rallied to all-time highs on an upbeat profit guidance, while Angang Steel led that sector to records amid outlooks for higher steel prices.
Published 25 Jul, 2007 12:00am
Nikkei up

Nikkei up

Japan's Nikkei average edged up 0.21 percent on Tuesday as strong earnings helped KDDI Corp to rebound, while investors chased after laggards such as Mizuho Financial Group and other bank shares. After the market closed, Nissan Motor Co, Japan's third-big
Published 25 Jul, 2007 12:00am
Taiwan stocks hover at seven-year high

Taiwan stocks hover at seven-year high

Taiwan shares rose 1.27 percent on Tuesday to their highest close in more than seven years, led by gains in technology firms such as Elan Microelectronics that are riding up on a consumer boom. The main TAIEX ended up 122.49 points at 9,744.06, with turno
Published 25 Jul, 2007 12:00am
Chinese shares slip

Chinese shares slip

Chinese shares slipped on Tuesday after the benchmark index approached its record high, which has been strong resistance over the past two months. The Shanghai Composite Index was higher for most of the day but ended down 0.07 percent at 4,210.329 points,
Published 25 Jul, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 68.56/68.58 (previous 68.58/68.61). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent.
Published 25 Jul, 2007 12:00am
Swiss franc rises versus dollar

Swiss franc rises versus dollar

The Swiss franc gained ground against the dollar on Tuesday as the US currency came under pressure from worries about US subprime mortgage problems hurting the credit market and economy.
Published 25 Jul, 2007 12:00am
Taiwan dollar gains on foreign funds

Taiwan dollar gains on foreign funds

The Taiwan dollar firmed on Tuesday due to foreign fund inflows in the equity market and US subprime mortgage worries, which pressured the US currency, though importer deals capped gains. The Taiwan dollar ended stronger at T$32.758 to the US dollar from
Published 25 Jul, 2007 12:00am
Key Senate committee to draft China currency bill

Key Senate committee to draft China currency bill

The US Senate Finance Committee will begin drafting legislation on Thursday that is intended to boost pressure on China to let its currency rise in value, a committee aide said on Tuesday.
Published 25 Jul, 2007 12:00am
Yuan down on weak midpoint

Yuan down on weak midpoint

China's yuan ended down against the dollar on Tuesday after the central bank set a low mid-point to slow its gains in the wake of last week's interest rate hike, but traders expected further near-term strength. The yuan closed at 7.5625 to the dollar, up
Published 25 Jul, 2007 12:00am
Dollar hits two-month low versus yen in Tokyo

Dollar hits two-month low versus yen in Tokyo

The dollar fell to a two-month low against the yen and hovered near a record low against the euro on Tuesday as worries about US subprime mortgage woes hurting the credit market and the US economy still weighed.
Published 25 Jul, 2007 12:00am
Dollar gains versus euro in New York

Dollar gains versus euro in New York

The dollar edged higher against the euro on Monday, recovering from a record low as dealers awaited economic data later in the week to see if US credit market turmoil has spread to other sectors.
Published 25 Jul, 2007 12:00am
Australian dollar edges up to 18-year high

Australian dollar edges up to 18-year high

The Australian dollar rose to an 18-year peak for the fifth straight session on Tuesday, but failed to keep pace with the higher-yielding kiwi on bets New Zealand's central bank will raise interest rates this week.
Published 25 Jul, 2007 12:00am
Most Asian currencies firmer against dollar

Most Asian currencies firmer against dollar

Most Asian currencies gained against the dollar on Tuesday, with the Singapore dollar hitting a 10-year peak amid expectations that rising inflation may persuade the authorities to tolerate faster appreciation.
Published 25 Jul, 2007 12:00am
Vinokourov tests positive for blood doping

Vinokourov tests positive for blood doping

Kazakh rider Alexandre Vinokourov tested positive for blood doping following his victory in last Saturday's time-trial stage in the Tour de France informed sources revealed on Tuesday.
Published 25 Jul, 2007 12:00am
PFF Youth Soccer Cup: Karachi-A, Faisalabad-D and AJK win

PFF Youth Soccer Cup: Karachi-A, Faisalabad-D and AJK win

Karachi-A, Faisalabad-D and Azad Jammu & Kashmir won their matches in the PFF Youth Soccer Cup played at different centres on Tuesday. Faisalabad-D suffered defeat at the hands of Faisalabad-C 2-1.
Published 25 Jul, 2007 12:00am
Warne set to join Lara in India's rebel series

Warne set to join Lara in India's rebel series

Cricket stars Brian Lara and Shane Warne are set to play in a multi-million dollar rebel series in India later this year, it was revealed on Tuesday. West Indian Lara, 38, who retired in April as the highest run-getter in Tests, confirmed he will take par
Published 25 Jul, 2007 12:00am
Bracewell reappointed as New Zealand coach

Bracewell reappointed as New Zealand coach

John Bracewell has been reappointed as coach of the New Zealand cricket team until April 2009, vowing to improve the country's mediocre performance in Tests. The former New Zealand off-spinner has been coach of the national team since 2003, during which t
Published 25 Jul, 2007 12:00am
Fireworks in 30th National Games

Fireworks in 30th National Games

The Pakistan Railways (PR) will ensure fireworks will take place as successful as it did in the past in coming sports events. Federal Minister for Railways Sheikh Rasheed Ahmed, who is also Chief Patron of PR Sports Board (PRSB), playing an exhibition bad
Published 25 Jul, 2007 12:00am
Weary Saudi players prepare to face Japan

Weary Saudi players prepare to face Japan

A hectic travel schedule has left Saudi Arabia's players struggling to shake off the effects of jet-lag ahead of Wednesday's Asian Cup semi-final against defending champions Japan. Saudi Arabia's Brazilian coach Helio Cesar dos Anjos claimed the gruelling
Published 25 Jul, 2007 12:00am
Australia cricket stick to tour Pakistan

Australia cricket stick to tour Pakistan

Australia's cricket authorities said Tuesday they would honour a commitment to tour Pakistan despite Hockey Australia's decision to pull out of the Champions Trophy for security reasons. "It's our intention to fulfil our tour obligations," a Cricket Austr
Published 25 Jul, 2007 12:00am
Raul Castro proves no lightweight in leading Cuba

Raul Castro proves no lightweight in leading Cuba

Raul Castro has kept Cuba stable and its economy growing in his first year in charge since his brother Fidel Castro was forced to step aside, but he has not delivered the reforms many Cubans hoped for.
Published 25 Jul, 2007 12:00am
Loose dykes spur China flood fears as hundreds die

Loose dykes spur China flood fears as hundreds die

Hundreds of sections of embankments along China's third-longest river have become loose, threatening the homes of millions of people after three weeks of deadly floods across the country, state media said on Tuesday.
Published 25 Jul, 2007 12:00am
Actress Lohan arrested for drunken driving

Actress Lohan arrested for drunken driving

Actress Lindsay Lohan was arrested in the Los Angeles area early on Tuesday on suspicion of drunken driving and cocaine possession, just days after she completed a 45-day rehabilitation program, authorities said.
Published 25 Jul, 2007 12:00am
World Bank sees support for $250 million forest fund

World Bank sees support for $250 million forest fund

A planned $250 million World Bank fund to encourage developing countries to stop deforestation in return for access to carbon credits has attracted strong international support, a senior official said on Tuesday.
Published 25 Jul, 2007 12:00am
Iran agrees to new panel on Iraq security: US

Iran agrees to new panel on Iraq security: US

Iran and the United States agreed to set up a panel to help improve security in Iraq, the US ambassador to Iraq said on Tuesday. Ryan Crocker, speaking from Baghdad after holding a second round of talks with his Iranian counterpart on the worsening securi
Published 25 Jul, 2007 12:00am
US and Iran in 'heated exchange' in rare talks

US and Iran in 'heated exchange' in rare talks

US charges that Iran was spurring on sectarian strife in Iraq and fuelling terrorism in the Middle East led to tension and heated debate in rare talks on Tuesday between the two arch enemies.
Published 25 Jul, 2007 12:00am
Foreign medics freed from Libya after eight-year ordeal

Foreign medics freed from Libya after eight-year ordeal

Six foreign medics convicted of deliberately infecting hundreds of Libyan children with HIV were freed on Tuesday after a partnership deal between Tripoli and the European Union ended their eight-year ordeal.
Published 25 Jul, 2007 12:00am
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