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Print - 2007-08-14
Asian oil swaps: rebound, led by gas oil

Asian oil swaps: rebound, led by gas oil

Outright Asian oil swaps rebounded on Monday, led by gas oil, which rose on increased demand and moderate supply. Gas oil swaps recovered 50 cents to $82.00 on Monday morning as demand from Indonesia and South Africa lifted gas oil amid moderate supply in
Published 14 Aug, 2007 12:00am
Gold near two-week low

Gold near two-week low

Gold extended losses and held near it's lowest in two weeks on Monday, but dealers expected physical buyers to offer support at lower levels. Tokyo gold futures rose on covering despite a firmer yen. Spot gold fell to $669.50/670.30 an ounce from $672.30/
Published 14 Aug, 2007 12:00am
Gold jumps in Tokyo

Gold jumps in Tokyo

Gold fell on Monday but it was supported by safe-haven demand amid uncertainty in financial markets with the underlying problem of the US supreme mortgages still unresolved. Falls in equities and credit markets could make investors nervous in buying gold
Published 14 Aug, 2007 12:00am
Japan to hold durum wheat import tender August 23

Japan to hold durum wheat import tender August 23

Japan's Ministry of Agriculture will hold an import tender for durum wheat from any origin for a maximum 30,500 tonnes on August 23, a ministry official said on Monday.
Published 14 Aug, 2007 12:00am
Oil edges up above $71

Oil edges up above $71

Oil prices edged up above $71 a barrel on Monday as central bankers injected cash into jittery financial markets and on expectations of robust energy demand. US crude for September delivery rose 22 cents to $71.69 a barrel, after ending 12 cents down on F
Published 14 Aug, 2007 12:00am
Shanghai copper bounces

Shanghai copper bounces

Shanghai copper futures rose 1.7 percent on Monday as London copper built on a recovery in the previous session, but fears of a growing global credit squeeze meant sentiment was fragile. Prices could come under renewed pressure as investors evaluate the i
Published 14 Aug, 2007 12:00am
Indonesian sugar mill to start work in Gamut

Indonesian sugar mill to start work in Gamut

Indonesia's state-owned trading firm PT Rajawali Nusantara Indonesia plans to spend 1.3 trillion rupiah ($139.1 million) to build a sugar mill in West Java, a newspaper reported on Monday.
Published 14 Aug, 2007 12:00am
Indian sugar slides

Indian sugar slides

Indian sugar contracts for August eased on Monday in anticipation of low deliveries ahead of the expiry next week, while September contracts were steady on hopes for festival demand. "There are no takers for the August contract," said Haunch Kumar Singh,
Published 14 Aug, 2007 12:00am
Russian weekly grain market report

Russian weekly grain market report

Russian grain prices kept declining last week due to rising new-crop volumes and a lack of clarity about the government's plans to sell grain from its stocks. Harvesting is well ahead of last year's progress. By August 6, the country had harvested 35.1 mi
Published 14 Aug, 2007 12:00am
East Asian grain: high freight costs hit Taiwan

East Asian grain: high freight costs hit Taiwan

Taiwan and South Korean grain and oilseed importers will be quiet this week as record dry bulk freight rates and reduced animal herds slow buying interest. "I doubt there will be any moves this week to hold buy tenders with freight as high as it is," said
Published 14 Aug, 2007 12:00am
Malaysian tin slips

Malaysian tin slips

Malaysian tin fell 2.3 percent on Monday dragged down by a sharp drop in London Metal Exchange prices and strong selling pressure, one dealer said.
Published 14 Aug, 2007 12:00am
CBoT soya rebounds in Asia

CBoT soya rebounds in Asia

Chicago soya futures rebounded sharply in Asian trade on Monday, helped by friendly USDA monthly crop data, following a setback in Chicago on credit jitters. The nearby August contract had gained 11 cents to $8.61 a bushel, more than offsetting on Friday'
Published 14 Aug, 2007 12:00am
Tokyo rubber ends mixed

Tokyo rubber ends mixed

Tokyo rubber futures were mixed on Monday as the yen inched up against the dollar, but trade was relatively subdued with some traders absent for Japan's traditional Obon summer holiday. The most-active rubber contract on the Tokyo Commodity Exchange for J
Published 14 Aug, 2007 12:00am
Malaysian palm oil inches up

Malaysian palm oil inches up

Malaysian crude palm oil futures edged 0.6 percent higher in light trade on Monday as players awaited fresh direction from a price outlook conference in Singapore due to begin this week. Gains were limited by low prices of rival soyabean oil and some rush
Published 14 Aug, 2007 12:00am
PepsiCo to buy Lebedyansky

PepsiCo to buy Lebedyansky

The world's No 2 soft drink firm PepsiCo has agreed to buy Russia's top juice maker Lebedyansky for $1.5-2 billion to boost its modest Russian juice market share, a newspaper reported on Monday.
Published 14 Aug, 2007 12:00am
US retail sales boost hopes for growth

US retail sales boost hopes for growth

US consumers spent more freely than expected last month as declining gasoline prices shielded household budgets, government data showed on Monday, helping lift investor spirits after a week of bruising losses.
Published 14 Aug, 2007 12:00am
UK input costs slide

UK input costs slide

British firms' costs fell unexpectedly in July while factory gate inflation met expectations, official data showed on Monday, providing some relief for policymakers eager to see inflation pressures ease.
Published 14 Aug, 2007 12:00am
Investors beginning to scent buying opportunities

Investors beginning to scent buying opportunities

With world stocks having fallen more than 7 percent in a month and some indexes down more than 10 percent from their highs, some market players are saying the time is near to buy. Investment bank Morgan Stanley said on Monday, for example, that it was rec
Published 14 Aug, 2007 12:00am
Investors beginning to scent buying opportunities

Investors beginning to scent buying opportunities

With world stocks having fallen more than 7 percent in a month and some indexes down more than 10 percent from their highs, some market players are saying the time is near to buy. Investment bank Morgan Stanley said on Monday, for example, that it was rec
Published 14 Aug, 2007 12:00am
China has no plans for massive sale of dollar assets

China has no plans for massive sale of dollar assets

China's policy on its 1.3 trillion dollars of forex reserves is unchanged, and Washington need not worry about the prospect of a massive sell-off of US-dollar assets, economists said Monday.
Published 14 Aug, 2007 12:00am
Oil policy in limbo at key Opec members

Oil policy in limbo at key Opec members

Less than a month before Opec meets to set oil output for peak winter demand, countries accounting for almost a third of production are either without an energy minister or getting used to a new one.
Published 14 Aug, 2007 12:00am
Goldman fund gets $3 billion bailout

Goldman fund gets $3 billion bailout

Goldman Sachs, considered one of Wall Street's most prestigious investment banks, said Monday it had teamed up with a group of investors to lead a three-billion-dollar bailout of a hedge fund it manages.
Published 14 Aug, 2007 12:00am
Goldman fund gets $3 billion bailout

Goldman fund gets $3 billion bailout

Goldman Sachs, considered one of Wall Street's most prestigious investment banks, said Monday it had teamed up with a group of investors to lead a three-billion-dollar bailout of a hedge fund it manages.
Published 14 Aug, 2007 12:00am
Food boosts China July inflation to 10-year high

Food boosts China July inflation to 10-year high

Galloping food prices boosted Chinese consumer price inflation in July to a 10-year high of 5.6 percent, hardening the case for higher interest rates to keep the world's fastest-growing major economy on an even keel.
Published 14 Aug, 2007 12:00am
Russian central bank raises interest rates

Russian central bank raises interest rates

The Russian central bank said Monday it had decided to raise its interest rates by 25 basis points to mop up surplus liquidity on its money markets. The move contrasts with action taken by other central banks around the world which have been putting money
Published 14 Aug, 2007 12:00am
Akzo Nobel secures world paint lead

Akzo Nobel secures world paint lead

Dutch chemicals group Akzo Nobel has agreed to buy Britain's ICI for 8 billion pounds ($16.2 billion) to create the world's biggest paint maker and retain its lead in industrial coatings.
Published 14 Aug, 2007 12:00am
Wary central banks make fresh cash injections

Wary central banks make fresh cash injections

Central banks around the world pumped out tens of billions more dollars on Monday to help commercial banks hit by the US home loan sector crisis, as shares bounced back from a turbulent week.
Published 14 Aug, 2007 12:00am
Japanese economy grows

Japanese economy grows

Japan's economy grew an anaemic 0.1 percent in the April-June quarter, reinforcing a growing expectation that a shake-out in global markets will prompt the central bank to rethink a rate hike this month. Only around a quarter of respondents in a Reuters p
Published 14 Aug, 2007 12:00am
Microsoft to dispute FCC on vacant TV airwaves

Microsoft to dispute FCC on vacant TV airwaves

Microsoft Corp on Monday will try to convince US regulators that vacant television airwaves can be used for wireless services without interfering with broadcast signals, The Washington Post reported. The unused TV airwaves would be available for other ser
Published 14 Aug, 2007 12:00am
Swiss central bank made cash injections into markets last week

Swiss central bank made cash injections into markets last week

Switzerland's central bank made two unusual cash injections totalling 3.14 billion Swiss francs (1.92 billion euros, 2.62 billion dollars) into international money markets last week, according to weekly data released Monday.
Published 14 Aug, 2007 12:00am
Hong Kong June domestic exports fall 19.7 percent

Hong Kong June domestic exports fall 19.7 percent

The volume of Hong Kong's domestic exports in June 2007 fell by 19.7 percent from a year earlier, while re-exports increased by 12.8 percent, the Census and Statistics Department said on Monday.
Published 14 Aug, 2007 12:00am
Philippine second quarter farm output up 3.6 percent

Philippine second quarter farm output up 3.6 percent

Philippine farm output grew 3.64 percent in the second quarter from a year earlier but the sector is hurting from a dry spell and full year growth is unlikely to hit the 4.5 to 5 percent target, the government said on Monday.
Published 14 Aug, 2007 12:00am
Sanyo denies it has decided to sell cell phone unit

Sanyo denies it has decided to sell cell phone unit

Troubled Japanese firm Sanyo Electric Co denied Saturday that it had decided to sell its mobile phone manufacturing unit. "We are conducting various reviews in order to strengthen our mobile phone handset operation, but we have not made any decision to se
Published 14 Aug, 2007 12:00am
Sweden's KappAhl bids $1 billion for rival Lindex

Sweden's KappAhl bids $1 billion for rival Lindex

Swedish clothing firm KappAhl Holding said on Monday it would offer around 7 billion Swedish crowns ($1 billion) in cash for bigger rival Lindex, aiming to broaden its store network and brand portfolio. The offer amounts to a premium of 15 percent on Lind
Published 14 Aug, 2007 12:00am
Taiwan's Lite-On to buy Perlos for $380 million

Taiwan's Lite-On to buy Perlos for $380 million

Taiwan's Lite-On Technology Corp will offer 277 million euros ($380 million) for Finnish handset casing maker Perlos, aiming to strengthen its foothold in the cellphone industry. The deal, announced on Monday, gives the Taiwanese computer peripherals make
Published 14 Aug, 2007 12:00am
Petronas resumes West Lutong production

Petronas resumes West Lutong production

Malaysian state oil firm Petronas has resumed production at its West Lutong offshore oilfield in eastern Sarawak state following a pipeline leak as workers continued to clean up to limit damage to the environment.
Published 14 Aug, 2007 12:00am
Mariella Burani first half pre-tax net drops after IPO

Mariella Burani first half pre-tax net drops after IPO

Italy's Mariella Burani Fashion Group posted a 46 percent drop in first-half pre-tax net profit after a unit's listing affected 2006 results, and pointed to "dynamic growth" this year.
Published 14 Aug, 2007 12:00am
Mariella Burani first half pre-tax net drops after IPO

Mariella Burani first half pre-tax net drops after IPO

Italy's Mariella Burani Fashion Group posted a 46 percent drop in first-half pre-tax net profit after a unit's listing affected 2006 results, and pointed to "dynamic growth" this year.
Published 14 Aug, 2007 12:00am
HCL Technologies fourth quarter net jumps

HCL Technologies fourth quarter net jumps

Indian software services firm HCL Technologies Ltd on Monday said its June quarter profit more than doubled as it won outsourcing contracts from firms seeking to cut costs, and it saw more growth ahead.
Published 14 Aug, 2007 12:00am
HCL Technologies fourth quarter net jumps

HCL Technologies fourth quarter net jumps

Indian software services firm HCL Technologies Ltd on Monday said its June quarter profit more than doubled as it won outsourcing contracts from firms seeking to cut costs, and it saw more growth ahead.
Published 14 Aug, 2007 12:00am
Kenya's Safaricom denies third owner, to float

Kenya's Safaricom denies third owner, to float

Kenya's leading mobile operator Safaricom rejected accusations by parliament on Saturday that it harbours an undisclosed third shareholder and should be investigated before going ahead with a planned floatation.
Published 14 Aug, 2007 12:00am
Kenya's Safaricom denies third owner, to float

Kenya's Safaricom denies third owner, to float

Kenya's leading mobile operator Safaricom rejected accusations by parliament on Saturday that it harbours an undisclosed third shareholder and should be investigated before going ahead with a planned floatation.
Published 14 Aug, 2007 12:00am
US profit growth picture brightening

US profit growth picture brightening

US corporate profit growth estimates rose last week, with second-quarter earnings now projected to rise 8.6 percent from the year before compared with an estimate of 7.8 percent last week, according to Reuters Estimates.
Published 14 Aug, 2007 12:00am
PG&E shuts Diablo Canyon Unit 1 for days

PG&E shuts Diablo Canyon Unit 1 for days

PG&E Corp's 1,150-megawatt Diablo Canyon Unit 1 nuclear reactor Friday afternoon was ramping down to shut for "several days" as a steam stop valve is repaired, a company spokesman said. The unit was shut for "repairs on a steam stop valve on the unit's hi
Published 14 Aug, 2007 12:00am
EU utilities anti-trust drive could boost shares

EU utilities anti-trust drive could boost shares

The European Commission has made clear it will clamp down on anti-competitive practices in energy markets and has pushed for the break up of big utilities, but for their share prices this could eventually be good news.
Published 14 Aug, 2007 12:00am
Philippines shares decline

Philippines shares decline

Philippines share prices closed 0.40 percent lower on Monday as investors took profits from a promising start amid continuing worries about the US subprime credit crisis, dealers said. They said caution dominated sentiment as investors opted to await the
Published 14 Aug, 2007 12:00am
Singapore shares up

Singapore shares up

Singapore share prices closed 0.64 percent higher on Monday, recovering from early losses on worries over the global impact of the troubled US subprime mortgage market, dealers said. The Straits Times Index added 21.43 points to 3,380.61 on volume of 2.03
Published 14 Aug, 2007 12:00am
Seoul shares end firmer

Seoul shares end firmer

Seoul shares rose on Monday, recovering from five-week lows, led by exporters such as Hyundai Motor after central banks, including South Korea's, stood ready to implement measures to avert a potential credit squeeze.
Published 14 Aug, 2007 12:00am
Hong Kong stocks jump

Hong Kong stocks jump

Hong Kong stocks rose on Monday on the back of China Mobile and property plays, after the market dipped in and out of positive territory due to persistent global credit fears sparked by US subprime woes. Heavyweight China Mobile rose 1.12 percent to HK$85
Published 14 Aug, 2007 12:00am
JGB futures scale three-month high

JGB futures scale three-month high

Ten-year Japanese government bond futures scaled a 3-month high on Monday as worries about ongoing turmoil in global credit markets stirred doubts about the chances of a Bank of Japan interest rate rise this month.
Published 14 Aug, 2007 12:00am
JGB futures scale three-month high

JGB futures scale three-month high

Ten-year Japanese government bond futures scaled a 3-month high on Monday as worries about ongoing turmoil in global credit markets stirred doubts about the chances of a Bank of Japan interest rate rise this month.
Published 14 Aug, 2007 12:00am
Taiwan stocks little higher

Taiwan stocks little higher

Taiwan shares ended slightly higher on Monday, with index heavyweight TSMC and selected financial stocks higher, after the world's major central banks put billions of dollars into banking systems to ease a widening credit squeeze.
Published 14 Aug, 2007 12:00am
ICBC and BoC boost Chinese stock index 1.5 percent

ICBC and BoC boost Chinese stock index 1.5 percent

China's main stock index surged 1.49 percent on Monday, boosted to a fresh record high by a few large-caps such as Industrial & Commercial Bank of China (ICBC), but most of the market fell on profit-taking.
Published 14 Aug, 2007 12:00am
Australian shares rise

Australian shares rise

Australian share prices closed up 1.3 percent on Monday after central banks around the world moved to stabilise debt markets by pumping billions of dollars into their systems, dealers said. The benchmark S&P/ASX 200 index closed up 75.6 points or 1.3 perc
Published 14 Aug, 2007 12:00am
Malaysian shares soar

Malaysian shares soar

Malaysian shares prices closed 0.70 percent higher on Monday but trade was mixed amid continued jitters over the US subprime mortgage crisis, dealers said. The Kuala Lumpur Composite Index (KLCI) gained 8.78 points to 1,296.48.
Published 14 Aug, 2007 12:00am
Indian shares rally one percent

Indian shares rally one percent

Indian share prices rose one percent on Monday as sentiment across global markets improved after central banks pumped cash into the banking system to ease fears of a US credit crunch, dealers said. They said buying was seen in automobile, metal and bankin
Published 14 Aug, 2007 12:00am
Jakarta shares make small gains

Jakarta shares make small gains

Indonesian share prices closed 0.20 percent higher on Monday, recovering from heavy losses thanks to late buying in blue chips which were hammered by fears over US subprime lending problems, dealers said. They said that key gainers included coal giant Bum
Published 14 Aug, 2007 12:00am
Nikkei rebounds

Nikkei rebounds

Japan's Nikkei average inched up 0.2 percent on Monday as investors, reassured by central bank moves to inject funds into the banking system, bought recently battered stocks, but falls in bank shares helped the broader TOPIX index end at its lowest in eig
Published 14 Aug, 2007 12:00am
Australian dollar rises above 85 cents

Australian dollar rises above 85 cents

The Australian dollar rose above 85 US cents on Monday after regional stock markets tentatively stabilised and the Reserve Bank of Australia raised its inflation forecast, suggesting interest rates here would increase again.
Published 14 Aug, 2007 12:00am
Swiss franc flat

Swiss franc flat

The Swiss franc was roughly flat against the euro and the dollar on Monday as traders braced themselves for any further fall-out from the global liquidity crisis after last week's market rout.
Published 14 Aug, 2007 12:00am
Taiwan dollar flat

Taiwan dollar flat

The Taiwan dollar ended flat on Monday as US dollar demand from importers and some foreign institutions was roughly offset by the central bank selling US dollars. The Taiwan dollar ended unchanged from Friday's close of T$32.965 after opening stronger at
Published 14 Aug, 2007 12:00am
Yen steadies

Yen steadies

The yen steadied against other major currencies on Monday as investors watched to see if a money market squeeze from the spreading US subprime mortgage distress would worsen and spark further unwinding of carry trades.
Published 14 Aug, 2007 12:00am
Won rises

Won rises

The South Korean won rose against the dollar on Monday as worries about a credit squeeze eased, but South Korean currency was still at a two-month low as uncertainty lingered over global credit markets.
Published 14 Aug, 2007 12:00am
Asian currencies gains

Asian currencies gains

The Philippine peso, South Korean won and Singapore dollar managed small gains on Monday as investors cautiously returned after central banks across the world supplied funds to troubled credit markets.
Published 14 Aug, 2007 12:00am
Chinese yuan falls

Chinese yuan falls

China's yuan fell to a one-month low against the dollar on Monday after remarks by a Chinese central bank official suggested continued confidence in the US currency. The yuan closed at 7.5815, down from Friday's close of 7.5740 though well off an intra-da
Published 14 Aug, 2007 12:00am
PFF Youth Soccer Cup: northern Areas earn bronze medal

PFF Youth Soccer Cup: northern Areas earn bronze medal

Northern Areas (NA) earned third place in the PFF Youth Cup when they routed Faisalabad D 3-1 at Karachi's Korangi Baloch Stadium in Sharafi Goth (Landhi Town). The hero for Muhammad Aslam Babu's NA was Muzaffar who struck twice in the 14th and 29th minut
Published 14 Aug, 2007 12:00am
Shoaib Akhtar appeals against fine

Shoaib Akhtar appeals against fine

Pakistan paceman Shoaib Akhtar said Monday he had appealed against a 300,000 rupee (5,000 dollars) fine imposed by the Pakistan Cricket Board after he walked out of a training camp. "I have appealed against the fine because I think I was not given the cha
Published 14 Aug, 2007 12:00am
Djokovic stuns Federer

Djokovic stuns Federer

Novak Djokovic elbowed his way into the tennis elite on Sunday with a 7-6 (7/2), 2-6, 7-6 (7/2) defeat of world number one Roger Federer in the final of the Montreal Masters. The 20-year-old Serb thwarted a fightback from Swiss powerhouse Federer, who was
Published 14 Aug, 2007 12:00am
Tiger takes 13th major title at PGA

Tiger takes 13th major title at PGA

Tiger Woods was tested late but captured his 13th major title, fighting off back-nine charges by Woody Austin and Ernie Els to win the 89th PGA Championship by two strokes on Sunday.
Published 14 Aug, 2007 12:00am
India win Test series against England after 1986

India win Test series against England after 1986

India completed a 1-0 series win against England after the third and final Test at The Oval was drawn here on Monday. England, set 500 to win, a target way in excess of the Test record fourth innings winning score of 418 for seven made by the West Indies
Published 14 Aug, 2007 12:00am
Indonesian woman dies of bird flu

Indonesian woman dies of bird flu

An Indonesian woman has died of bird flu in Bali, the first confirmed human death from the virus on the resort island hugely popular with foreign tourists. A health ministry official said on Monday the 29-year-old woman came from west Bali. She died on Su
Published 14 Aug, 2007 12:00am
Denmark enters the race for Arctic riches

Denmark enters the race for Arctic riches

Denmark on Monday joined the rush to assert a claim to the mineral riches of the Arctic, sending an expedition to map the seabed north of Greenland following moves in the region by Russia and Canada.
Published 14 Aug, 2007 12:00am
Nearly 50 hurt as ferry collides with ship off Turkey

Nearly 50 hurt as ferry collides with ship off Turkey

A Turkish passenger ferry and a Ukrainian-flagged cargo ship collided off Turkey's biggest city Istanbul on Monday, injuring 48 passengers, officials said Monday. "A total of 48 people were injured in the collision," the Istanbul mayor's office said in a
Published 14 Aug, 2007 12:00am
China rescues 1,340 forced labourers, arrests 147

China rescues 1,340 forced labourers, arrests 147

Chinese police have rescued 1,340 people from forced labour after a massive brick kiln slave labour scandal came to light in June sparking nation-wide outrage. Of the victims, 367 were mentally handicapped, the official Xinhua news agency said on Monday,
Published 14 Aug, 2007 12:00am
Taliban free two South Korean women hostages

Taliban free two South Korean women hostages

Two South Korean women held hostage by the Taliban for more than three weeks in Afghanistan were freed on Monday and handed over to Korean officials in relatively good health.
Published 14 Aug, 2007 12:00am
China's former president Jiang suffers political blow

China's former president Jiang suffers political blow

Former Chinese president Jiang Zemin suffered a political blow when his son and the security chief were left out of the running for seats in the Communist Party Central Committee, sources with ties to the leadership said.
Published 14 Aug, 2007 12:00am
Two Belgian tourists missing in Iran

Two Belgian tourists missing in Iran

Two Belgian tourists have gone missing in Iran after travelling on a road in the south-east of the country notorious for attacks by bandits and drug traffickers, officials said on Monday. "Officials are now carrying out actions to recover the two tourists
Published 14 Aug, 2007 12:00am
US labels Fatah al-Islam terror group

US labels Fatah al-Islam terror group

Washington has designated Fatah al-Islam, an Islamist militant organisation blamed for major fighting at a refugee camp in Lebanon, as a "terrorist" group, the State Department said Monday.
Published 14 Aug, 2007 12:00am
Bush's political guru Karl Rove quits

Bush's political guru Karl Rove quits

Karl Rove, the master political tactician behind President George W. Bush's two election triumphs, quit Monday in a bombshell announcement after more than six tempestuous White House years.
Published 14 Aug, 2007 12:00am
US not considering draft: Pentagon

US not considering draft: Pentagon

The Pentagon sharply rejected Monday a key general's assertion that a return to the military draft has always been "an option on the table" and should be considered. "I can tell you emphatically that there is absolutely no consideration being given to rei
Published 14 Aug, 2007 12:00am
Opposition edges ahead in slow Sierra Leone vote count

Opposition edges ahead in slow Sierra Leone vote count

Sierra Leone's opposition took an early lead on Monday as results trickled in from polls that international observers judged broadly transparent. Saturday's ballot was billed as a test of the West African country's stability after UN peacekeepers withdrew
Published 14 Aug, 2007 12:00am
Polish Prime Minister ends coalition, early elections loom

Polish Prime Minister ends coalition, early elections loom

Poland's conservative Prime Minister Jaroslaw Kaczynski sacked ministers from two junior parties in his government on Monday, ending the coalition ahead of expected early elections in the former communist EU member.
Published 14 Aug, 2007 12:00am
Sunni cleric urges US to abandon Maliki

Sunni cleric urges US to abandon Maliki

Iraq's top Sunni cleric called on the United States on Monday to cut ties with Shia Prime Minister Nuri al-Maliki, saying his "puppet" government had failed and a US backed political process was at a dead end.
Published 14 Aug, 2007 12:00am
Ahmadinejad begins Central Asia tour

Ahmadinejad begins Central Asia tour

President Mahmoud Ahmadinejad embarks on a three-nation tour of Central Asia on Tuesday to attend a major regional summit meeting and bolster Iran's links with neighbouring states.
Published 14 Aug, 2007 12:00am
Russian goes on trial for 49 murders

Russian goes on trial for 49 murders

A Moscow court on Monday began trying a supermarket porter who prosecutors say murdered 49 people over a 14-year period, which would make him Russia's worst serial killer in a decade. His lawyer said 33-year-old Alexander Pichushkin had confessed to most
Published 14 Aug, 2007 12:00am
Sterling hits five-week low versus dollar

Sterling hits five-week low versus dollar

Sterling fell broadly on Monday, hitting a five week low against the dollar and weakening versus the yen as risk-averse investors cut exposure to so-called carry trade positions.
Published 14 Aug, 2007 12:00am
Euro falls in London trade

Euro falls in London trade

The euro fell on Monday against the dollar and yen after the European Central Bank conducted its third consecutive liquidity-providing operation in eurozone money markets while the yen strengthened and high-yielders slipped.
Published 14 Aug, 2007 12:00am
Indian rupee unwinds gains

Indian rupee unwinds gains

The Indian rupee unwound most of its gains on Monday on heavy dollar buying by foreign funds and oil refiners and a lack of supplies from exporters, traders said. The partially convertible rupee ended at 40.625/635 per dollar, weaker than the day's high o
Published 14 Aug, 2007 12:00am
Crossover index gains

Crossover index gains

European credit market spreads tightened on Monday as global stock prices saw a revival and investors took comfort from news that funds with big losses managed by Goldman Sachs will not be unwound. Trading volumes were more typical of the usual summer lul
Published 14 Aug, 2007 12:00am
Crossover index gains

Crossover index gains

European credit market spreads tightened on Monday as global stock prices saw a revival and investors took comfort from news that funds with big losses managed by Goldman Sachs will not be unwound. Trading volumes were more typical of the usual summer lul
Published 14 Aug, 2007 12:00am
Monday's mid-afternoon trade: US indices rise on central banks' moves

Monday's mid-afternoon trade: US indices rise on central banks' moves

US stocks rose on Monday after central banks calmed markets by pumping more cash into the global financial system and a report showed US consumers spent more freely than expected last month. The gains suggested stocks could stabilise after several days of
Published 14 Aug, 2007 12:00am
FTSE bounces back to black as miners rebound

FTSE bounces back to black as miners rebound

The UK's leading shares rose 3 percent on Monday as a stellar mining rally helped resuscitate the market after last week's hefty falls. Miners added 38 points to the FTSE 100, excavating themselves in a wider equities rebound. The DJ Stoxx European basic
Published 14 Aug, 2007 12:00am
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