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Print - 2007-08-21
Kazkommerts bank net profit up 56.4 percent

Kazkommerts bank net profit up 56.4 percent

Kazakh bank Kazkommertsbank reported sharp increases in first-half net profit and net interest income and said on Monday it was on track to meeting its full-year targets. But company executives also told a conference call the bank would postpone issuing n
Published 21 Aug, 2007 12:00am
Australia's Bluescope Steel doubles profit, eyes mergers

Australia's Bluescope Steel doubles profit, eyes mergers

Australia's largest steelmaker BlueScope doubled its annual net profit to 686 million dollars (548.8 million US) on the back of record revenue, the company said Monday. BlueScope Steel Ltd said its revenue in the year to June had grown 11 percent to 8.9 b
Published 21 Aug, 2007 12:00am
Australia's Bluescope Steel doubles profit, eyes mergers

Australia's Bluescope Steel doubles profit, eyes mergers

Australia's largest steelmaker BlueScope doubled its annual net profit to 686 million dollars (548.8 million US) on the back of record revenue, the company said Monday. BlueScope Steel Ltd said its revenue in the year to June had grown 11 percent to 8.9 b
Published 21 Aug, 2007 12:00am
Women executives on top in Philippines

Women executives on top in Philippines

Women are now outnumbering men at the top of the corporate ladder in the Philippines and the trend is set to increase over the coming years, the country's labour minister said Monday.
Published 21 Aug, 2007 12:00am
BoJ to inject $8.7 billion into banking system

BoJ to inject $8.7 billion into banking system

Japan's central bank said on Monday that it would inject 1.0 trillion yen (8.7 billion dollars) into the banking system as part of ongoing efforts to restore calm to financial markets.
Published 21 Aug, 2007 12:00am
US lawmaker sets credit and mortgage hearing date

US lawmaker sets credit and mortgage hearing date

The US House Financial Services Committee asked the Federal Reserve and the US Treasury Department to testify at a hearing on September 5 that will examine the current crises in the credit and mortgage market, Chairman Barney Frank, a Massachusetts Democr
Published 21 Aug, 2007 12:00am
US leading indicators rise

US leading indicators rise

The forward-looking index of leading economic indicators rose 0.4 percent in July, suggesting improving conditions later this year, the Conference Board said Monday. The business research group said the rise in its index of leading economic indicators, a
Published 21 Aug, 2007 12:00am
SunTrust Banks to cut 2,400 jobs

SunTrust Banks to cut 2,400 jobs

SunTrust Banks Inc, the seventh-largest US bank, on Monday said it expects to eliminate about 2,400 jobs by the end of next year as part of a plan to save $530 million annually by 2009. The job cuts are equal to about 7 percent of SunTrust's workforce as
Published 21 Aug, 2007 12:00am
SunTrust Banks to cut 2,400 jobs

SunTrust Banks to cut 2,400 jobs

SunTrust Banks Inc, the seventh-largest US bank, on Monday said it expects to eliminate about 2,400 jobs by the end of next year as part of a plan to save $530 million annually by 2009. The job cuts are equal to about 7 percent of SunTrust's workforce as
Published 21 Aug, 2007 12:00am
Nasdaq to sell LSE stake, focuses on OMX

Nasdaq to sell LSE stake, focuses on OMX

Nasdaq Stock Market Inc is abandoning its 797 million pound ($1.58 billion) stake in the London Stock Exchange, five months after its take-over bid failed, so it can focus on buying Nordic exchange operator OMX.
Published 21 Aug, 2007 12:00am
Ukraine president halts all privatisation deals

Ukraine president halts all privatisation deals

Ukraine's President Viktor Yushchenko on Monday announced a freeze on a sweeping privatisation programme of state-run firms ahead of legislative elections next month, saying the deals could be shady. "During this period which is sensitive from a political
Published 21 Aug, 2007 12:00am
Fed injects $3.5 billion into financial system

Fed injects $3.5 billion into financial system

The US Federal Reserve on Monday pumped 3.5 six billion dollars into the distressed financial system. The Federal Reserve Bank of New York, which handles such operations for the Fed, announced the injection on its website.
Published 21 Aug, 2007 12:00am
Fears tempered but not doused by Fed move

Fears tempered but not doused by Fed move

Policymakers hailed on Monday the return of calm to financial markets, after the US Federal Reserve cut the rate at which it lends to banks, and insisted that the wider economy would not be unduly harmed. But experts said it was too soon to discount a ful
Published 21 Aug, 2007 12:00am
Microsoft cuts Xbox 360 prices in Europe

Microsoft cuts Xbox 360 prices in Europe

Microsoft Corp is cutting the European price for its Xbox 360 video game console by 50 euros to 349.99 euros ($470), following a similar cut in the United States. The company said in a statement on Monday that the lower price for the Xbox model with a 20
Published 21 Aug, 2007 12:00am
China moves again to stamp out shady share trading

China moves again to stamp out shady share trading

China will act again to curb short-term speculation, insider trading and price rigging on the nation's booming stock markets, according to new rules released by the Shanghai bourse.
Published 21 Aug, 2007 12:00am
New Zealand takes Australia to WTO over apples

New Zealand takes Australia to WTO over apples

New Zealand plans to take its closest ally Australia to the World Trade Organisation (WTO) over a 21-year dispute about access for apples, the New Zealand government said on Monday. New Zealand had tried to resolve the issue bilaterally but had faced cont
Published 21 Aug, 2007 12:00am
Toshiba joins uranium mine project

Toshiba joins uranium mine project

Japan's Toshiba Corp said Monday that it had acquired a stake in a uranium mine project in Kazakhstan as part of efforts to develop its nuclear power plant business.
Published 21 Aug, 2007 12:00am
HSBC Korea move backs Asia plans, capital prudence

HSBC Korea move backs Asia plans, capital prudence

Europe's biggest bank HSBC has long insisted it holds onto surplus capital to take advantage of opportunities when times are tough. At a time when credit market turmoil is forcing rivals to put acquisition activity on ice or sweat on funding plans, HSBC b
Published 21 Aug, 2007 12:00am
Kazakh leader celebrates controversial election sweep

Kazakh leader celebrates controversial election sweep

Kazakhstan's veteran President Nursultan Nazarbayev celebrated Monday his party's crushing victory in parliamentary elections, while the opposition decried "maximum fraud" on voting day.
Published 21 Aug, 2007 12:00am
Rescuers end search as Peru's quake toll rises

Rescuers end search as Peru's quake toll rises

Rescue teams in Peru's shattered earthquake zone headed home Monday, as search operations were replaced by stepped-up aid efforts and security patrols against looters. Wednesday's powerful 8.0-magnitude temblor killed at least 503 people, and the final to
Published 21 Aug, 2007 12:00am
Want the next big energy source? Dig in the weeds

Want the next big energy source? Dig in the weeds

Plants that can be grown for fuel are often touted as a vast, clean energy source - except by those who say precious food is being diverted into gas tanks, and that biofuel crops are using up dwindling land and water. Enter willow, hemp and switchgrass.
Published 21 Aug, 2007 12:00am
Lebanon charges Islamist militants with terrorism

Lebanon charges Islamist militants with terrorism

Lebanon on Monday charged more than 200 people suspected of belonging to the Fatah al-Islam militia with murder and terrorism, a judicial source told AFP. Prosecutor general Said Mirza filed the charges against 227 militants, 108 of whom have been arreste
Published 21 Aug, 2007 12:00am
Diplomat suspected of spying for Stasi sues Finnish state

Diplomat suspected of spying for Stasi sues Finnish state

A Finnish diplomat who says he was wrongly accused of spying for the former East Germany's Stasi secret service is seeking damages in a court case that opened Monday in Helsinki. Alpo Rusi, 58, now an advisor to the president of the United Nations General
Published 21 Aug, 2007 12:00am
Access to care 'dangerously scarce' in Mogadishu: NGO

Access to care 'dangerously scarce' in Mogadishu: NGO

Doctors Without Borders (MSF) said Monday it was outraged at the lack of access to care for Somalis in and around Mogadishu and the general disrespect by warring parties for humanitarian efforts.
Published 21 Aug, 2007 12:00am
Little hope in race to save Chinese miners

Little hope in race to save Chinese miners

Rescue workers pressed on with frantic efforts Monday to save 181 workers trapped in two flooded Chinese coal mines, even as officials admitted there was little hope of finding anyone alive.
Published 21 Aug, 2007 12:00am
Malaysian shares close 4.4 percent higher

Malaysian shares close 4.4 percent higher

Malaysian share prices closed 4.4 percent higher on Monday in line with regional bourses after the US Federal Reserve cut the interest rate it uses to lend to banks, dealers said. They said the US move should help stabilise investor sentiment.
Published 21 Aug, 2007 12:00am
Thai share prices end 4.43 percent firmer

Thai share prices end 4.43 percent firmer

Thai share prices closed 4.43 percent higher on Monday, lifted by a strong regional rebound as investors took heart from a surprise US interest rate cut aimed at easing a credit squeeze, dealers said.
Published 21 Aug, 2007 12:00am
Taiwan stocks climb

Taiwan stocks climb

Taiwan shares ended up 5.26 percent on Monday in their biggest percentage gain in more than three years, led by heavyweights such as TSMC and Cathay Financial, after a surprise Fed rate cut sparked a US market rally.
Published 21 Aug, 2007 12:00am
Hong Kong shares in largest gain since October 1998

Hong Kong shares in largest gain since October 1998

Hong Kong blue chips on Monday tracked a rebound in global equities to rise nearly 6 percent in their best one-day percentage gain since October 1998 after the US Federal Reserve cut a key interest rate it charges banks to stabilise credit markets.
Published 21 Aug, 2007 12:00am
JGB futures drop from 17-month peak

JGB futures drop from 17-month peak

Japanese government bonds fell on Monday, with 10-year futures pulling back from a 17-month high as the Federal Reserve's surprise cut in its discount rate soothed investor nerves and helped equity markets bounce back.
Published 21 Aug, 2007 12:00am
JGB futures drop from 17-month peak

JGB futures drop from 17-month peak

Japanese government bonds fell on Monday, with 10-year futures pulling back from a 17-month high as the Federal Reserve's surprise cut in its discount rate soothed investor nerves and helped equity markets bounce back.
Published 21 Aug, 2007 12:00am
Jakarta shares jump

Jakarta shares jump

Indonesian shares prices closed 7.0 percent higher on Monday in line with a strong regional rebound after the US Federal Reserve cut its discount rate on loans to banks last week, dealers said. The Jakarta Stock Exchange composite index closed up 132.95 p
Published 21 Aug, 2007 12:00am
Singapore shares surge

Singapore shares surge

Singapore share prices surged 6.12 percent on Monday, mirroring sharp gains in regional bourses after the US Federal Reserve cut its discount rate to ease credit fears, dealers said. The Straits Timex Index closed 191.67 points higher at 3,322.38 on volum
Published 21 Aug, 2007 12:00am
Indian shares up

Indian shares up

Indian share prices closed up 2.02 percent on Monday to snap three days of losses on a global rally sparked by a US Federal Reserve discount rate cut last week, dealers said. They said banking, infrastructure and metal stocks which were battered last week
Published 21 Aug, 2007 12:00am
Australian shares rise

Australian shares rise

Australian share prices bounced back from recent losses to close 4.6 percent higher on Monday after the US Federal Reserve acted to stabilise markets shaken by the sub-prime mortgage market crisis, dealers said.
Published 21 Aug, 2007 12:00am
China shares up 5.3 percent

China shares up 5.3 percent

Chinese stocks jumped 5.33 percent on Monday in their biggest gain for over two years, buoyed by a rebound in foreign markets after the US Federal Reserve cut a key banking rate to ease the global credit squeeze. Institutional investors, which had taken p
Published 21 Aug, 2007 12:00am
Nikkei books biggest one-day gain in 13 months

Nikkei books biggest one-day gain in 13 months

The Nikkei share average booked its biggest one-day percentage gain in 13 months on Monday, rebounding from a plunge last week as the Federal Reserve's move to cut its discount rate eased fears about credit concerns and prompted buying across the board.
Published 21 Aug, 2007 12:00am
Australian dollar seesaws before finding composure

Australian dollar seesaws before finding composure

The Australian dollar seesawed on Monday, retreating as much as 1.4 percent before recovering some composure as regional stock markets held strong gains. Speculation Japanese securities houses and investment banks were selling the Aussie might have contri
Published 21 Aug, 2007 12:00am
Swiss franc lower

Swiss franc lower

The Swiss franc pulled back from a 5-month high against the euro on Monday after the Federal Reserve's emergency cut in its discount rate triggered a rally on Wall Street, soothing investors' worries and making them less risk averse.
Published 21 Aug, 2007 12:00am
Dollar edges higher versus yen

Dollar edges higher versus yen

The dollar edged higher against the yen on Monday after the Federal Reserve cut its discount rate late last week, but investors cautiously waited to see if the US central bank's action would help settle nerves over turmoil in the credit sector.
Published 21 Aug, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 68.52/68.60 (previous 68.50/68.55). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent.
Published 21 Aug, 2007 12:00am
Indian markets closed for holiday

Indian markets closed for holiday

Indian bond and currency markets are closed on Monday for a local holiday, but stock and commodity markets are open. On Friday, the partially convertible rupee rebounded from a half-percent fall to 41.71 to end at 41.33/34 per dollar, a shade firmer than
Published 21 Aug, 2007 12:00am
Asian currencies rebound on Fed move

Asian currencies rebound on Fed move

Asian currencies bounced back on Monday as regional stocks rallied after the US Federal Reserve cut its discount rate in a surprise move on Friday, but the spectre of a credit market squeeze still weighed on sentiment. The Korean won steadied near 943 per
Published 21 Aug, 2007 12:00am
Yuan rises versus dollar

Yuan rises versus dollar

China's yuan rose moderately against the dollar on Monday after the central bank set a stronger mid-point for the first time in seven days, apparently ending an effort to guide the currency lower.
Published 21 Aug, 2007 12:00am
Yuvraj set for key role in one-dayers

Yuvraj set for key role in one-dayers

Yuvraj Singh may not have featured during India's recent 1-0 Test series win against England but the all-rounder is set for a key role when his side take on their hosts in a seven-match one-day international campaign starting with Tuesday's day/night enco
Published 21 Aug, 2007 12:00am
Lawson gears up for tough Pakistan job

Lawson gears up for tough Pakistan job

Australian Geoff Lawson was due to arrive Monday to take over as Pakistan coach, a job which will require him to dig deep to restore the credibility of the cricketing under-achievers.
Published 21 Aug, 2007 12:00am
Federer wins 50th trophy of his career

Federer wins 50th trophy of his career

Record-setting Roger Federer takes aim at a fourth US Open title after winning the 50th trophy of his career 6-1, 6-4 over James Blake on Sunday at the Cincinnati Masters. The Swiss heads to New York for the last major of the season starting on August 27
Published 21 Aug, 2007 12:00am
Warid cricket team trials from today

Warid cricket team trials from today

Two days trials for selection of Warid cricket team for participation in the forthcoming Pakistan Cricket Board (PCB) Inter Departmental Grade II Cricket Championship will be held at the Aligarh Ground, Model Town on August 21 and 22.
Published 21 Aug, 2007 12:00am
Henin defeats Jankovic to win Toronto title

Henin defeats Jankovic to win Toronto title

World number one Justine Henin captured her 35th career title and sixth of the year, beating world number three Jelena Jankovic 7-6 (7/3), 7-5 to win the Toronto hardcourt crown here Sunday.
Published 21 Aug, 2007 12:00am
PCB to ban players joining breakaway Indian league

PCB to ban players joining breakaway Indian league

Pakistan reacted sharply on Monday to four of its players joining the breakaway Indian cricket league, saying they will not be considered for future selection in the national team.
Published 21 Aug, 2007 12:00am
Abdul Razzaq retires

Abdul Razzaq retires

All-rounder Abdul Razzaq announced his retirement from international cricket on Monday, saying he had taken his decision in protest at his omission from the Pakistan national team.
Published 21 Aug, 2007 12:00am
Iraq trial revives bitter memories of 'US betrayal'

Iraq trial revives bitter memories of 'US betrayal'

Fifteen former members of Saddam Hussein's regime go on trial in a US-backed court on Tuesday for their role in the crushing of a Shia uprising in 1991, but many Shias still talk bitterly of an American betrayal.
Published 21 Aug, 2007 12:00am
Zimbabwe parliament meets, mull nationalisation

Zimbabwe parliament meets, mull nationalisation

Zimbabwe's parliament meets for a new session on Tuesday that will consider two major pieces of legislation, one to give the president considerable sway in appointing a successor and another to nationalise foreign firms.
Published 21 Aug, 2007 12:00am
Ecuador president gambles future on new assembly

Ecuador president gambles future on new assembly

Ecuador's President Rafael Correa is gambling his political future on securing a majority in a special assembly to rewrite the constitution and push a leftist agenda so far stymied by his opponents in Congress.
Published 21 Aug, 2007 12:00am
Sarkozy returns to face economic woes

Sarkozy returns to face economic woes

French President Nicolas Sarkozy returned from his summer break on Monday to a sluggish economy, a court decision to scrap a tax break he promised and a scandal over a paedophile who says a prison doctor gave him Viagra.
Published 21 Aug, 2007 12:00am
UAE revises up GDP growth to 9.4 percent

UAE revises up GDP growth to 9.4 percent

The United Arab Emirates revised up its 2006 economic growth rate to 9.4 percent on faster expansion in the oil and gas sector, the economy ministry said. The second-largest Arab economy expanded to 391.16 billion dirhams ($106.5 billion) last year, from
Published 21 Aug, 2007 12:00am
Bush, Harper and Calderon to tackle economy, security

Bush, Harper and Calderon to tackle economy, security

North America's leaders gather at a Canadian resort to promote integrated trade and security on Monday, a plan protesters outside the meeting say tramples on the rights of ordinary citizens.
Published 21 Aug, 2007 12:00am
Shuttle astronauts prepare for landing today

Shuttle astronauts prepare for landing today

Astronauts aboard the space shuttle Endeavour packed gear and checked their spaceship's landing systems on Monday in preparation for a touchdown on Tuesday at the Kennedy Space Center in Florida.
Published 21 Aug, 2007 12:00am
Strong earthquake hits Philippines

Strong earthquake hits Philippines

A strong earthquake of magnitude 6.5 hit the southern Philippines on Monday, the United States Geological Survey said. The quake's epicentre was reported to be 209 kilometres south east of the town of Mati in Davao Oriental on Mindanao Island.
Published 21 Aug, 2007 12:00am
Iran wants IAEA to highlight atomic ties

Iran wants IAEA to highlight atomic ties

Iran expects the UN nuclear watchdog to highlight Tehran's cooperation in its next report on Iran's atomic programme, which could determine whether it faces more UN sanctions, an Iranian official said on Monday.
Published 21 Aug, 2007 12:00am
US asks Thailand to hold quick elections

US asks Thailand to hold quick elections

The United States on Monday called on Thailand's military junta to call for quick elections, following voters' approval of a new army-backed constitution. The new charter was to replace the one the military threw out when it seized power last year and top
Published 21 Aug, 2007 12:00am
Hefty Thai 'No' vote points to messy December election

Hefty Thai 'No' vote points to messy December election

Thailand's voters have approved an army-drafted constitution, but a hefty "No" vote suggests December's general election will be messy, with ousted Prime Minister Thaksin Shinawatra still a potent political force.
Published 21 Aug, 2007 12:00am
Tens of thousands homeless in Myanmar floods

Tens of thousands homeless in Myanmar floods

Tens of thousands of people have been made homeless in Myanmar's Ayeyawaddy River delta after unusually heavy rains triggered floods in this low-lying region, local officials said on Monday. State media in military-ruled Myanmar have made little mention o
Published 21 Aug, 2007 12:00am
Vietnam eases visa rules

Vietnam eases visa rules

Vietnam will grant visa exemptions to its overseas emigres, or Viet Kieu, and their spouses and children from September 1, state media reported Monday in the communist country. The move is part of Vietnam's drive for closer links with its diaspora of near
Published 21 Aug, 2007 12:00am
Huge Hurricane Dean bears down on Mexico coast

Huge Hurricane Dean bears down on Mexico coast

Hurricane Dean, a giant storm that has killed nine people in the Caribbean, bore down on Mexican beach resorts on Monday, threatening to devastate a coastline still recovering from a cyclone two years ago.
Published 21 Aug, 2007 12:00am
Taiwan jet explodes in Japan, passengers escape

Taiwan jet explodes in Japan, passengers escape

Holidaymakers slid down emergency chutes with moments to spare before their Taiwanese airliner exploded and caught fire on Monday, a few minutes after the jet landed on Japan's southern resort island of Okinawa.
Published 21 Aug, 2007 12:00am
Iraq progress report to be testified on September 11

Iraq progress report to be testified on September 11

US Ambassador to Iraq Ryan Crocker and the top US commander in Iraq, General David Petraeus, will likely testify to Congress about progress in the war on September 11 or September 12, the White House said on Monday.
Published 21 Aug, 2007 12:00am
Sanjay Dutt wins bail

Sanjay Dutt wins bail

India's Supreme Court on Monday granted Bollywood star Sanjay Dutt "interim" bail as it reviews the details of his six-year prison sentence for arms possession.
Published 21 Aug, 2007 12:00am
Abdullah Gul fails to win presidency

Abdullah Gul fails to win presidency

Foreign Minister Abdullah Gul won most votes in the first round of a presidential election on Monday, but fell just short of securing a two-thirds majority needed to become Turkey's first president with an Islamist past.
Published 21 Aug, 2007 12:00am
Sterling strengthens

Sterling strengthens

Sterling strengthened against major currencies on Monday as broad gains in global stocks and calm across all financial markets gave investors confidence to move back into the high-yielding currency.
Published 21 Aug, 2007 12:00am
Yen weakens broadly

Yen weakens broadly

The yen weakened broadly on Monday, continuing to give back some of last week's hefty gains in a turnaround sparked by the US Federal Reserve's surprise decision on Friday to cut its discount lending rate.
Published 21 Aug, 2007 12:00am
Crossover index tightens

Crossover index tightens

European credit spreads ticked lower on Monday as equities rose, but trading was thin due to concerns about the potential for seeing more market-moving headlines. "Today's been quite quiet," a trader said, highlighting the contrast between Monday and late
Published 21 Aug, 2007 12:00am
Crossover index tightens

Crossover index tightens

European credit spreads ticked lower on Monday as equities rose, but trading was thin due to concerns about the potential for seeing more market-moving headlines. "Today's been quite quiet," a trader said, highlighting the contrast between Monday and late
Published 21 Aug, 2007 12:00am
Seoul shares surge

Seoul shares surge

Seoul shares posted on Monday their biggest daily gain in 5-years after the Federal Reserve cut a key lending rate, easing some, but not all, fears about the impact of tighter credit on the global economy.
Published 21 Aug, 2007 12:00am
UK's top share index rises

UK's top share index rises

Britain's top share index rose on Monday as miners helped lead a continued recovery that started on Friday when the US Federal Reserve cut its discount rate, but lingering credit worries limited gains. Britain's FTSE 100 index ended 0.2 percent higher, up
Published 21 Aug, 2007 12:00am
London coffee jumps; sugar and cocoa down

London coffee jumps; sugar and cocoa down

London robusta coffee futures jumped on Monday on improved sentiment after the US Federal Reserve's confidence-building move last week, while sugar fell on pressure from a huge global oversupply.
Published 21 Aug, 2007 12:00am
Tin up 8.5 percent, others calm after Fed's move

Tin up 8.5 percent, others calm after Fed's move

Industrial metals were firm on Monday after the US Federal Reserve cut a key lending rate to calm financial markets, while tin rose 8.5 percent after a top producer suspended sales to the spot market, traders said.
Published 21 Aug, 2007 12:00am
Oil slips as Dean spares US; market eyes Mexico

Oil slips as Dean spares US; market eyes Mexico

Oil fell on Monday on forecasts that Hurricane Dean would miss US Gulf of Mexico refineries and offshore production platforms. Crude erased some earlier losses on news that Mexico, a top US oil exporter, shut in over 80 percent of output as the storm chur
Published 21 Aug, 2007 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures finished higher on Monday on speculative buying as recovery in other markets hit by last week's credit squeeze buoyed fibre contracts although the overall mood remained one of caution, brokers said. New York Board of Trade's key open-outcry
Published 21 Aug, 2007 12:00am
Gold rises in London

Gold rises in London

Gold gained on Monday with a drop in the dollar and recovery in stocks, but investors remained cautious as they digested the US federal reserve's surprise move to slash the rate it charges banks on loans.
Published 21 Aug, 2007 12:00am
Urban area marble industry facing problems, says ICCI chief

Urban area marble industry facing problems, says ICCI chief

The marble industry in urban areas of Islamabad is facing huge problem because of establishment of marble industries in Swabi and other tribal areas which are enjoying exemption from sales tax as well as electricity bills.
Published 21 Aug, 2007 12:00am
Back to courts now

Back to courts now

After March 9 and May 12, July 20 has turned out be another milestone in the politically chequered history of Pakistan in general and the superior judiciary in particular. All this and much more has happened and is happening during 2007.
Published 21 Aug, 2007 12:00am
Eco-millionaires see boom times ahead

Eco-millionaires see boom times ahead

Mankind's response to climate change will shift how the world gets its energy and is already making "green barons" out of early investors in renewable energy, clean technologies and carbon trading. Reuters spoke to four entrepreneurs who are cashing in on
Published 21 Aug, 2007 12:00am
Palm oil not a field of dreams for all Indonesians

Palm oil not a field of dreams for all Indonesians

Palm oil prices might be going through the roof and making investors and businessmen rich, but the soaring prices have not improved the lot of pickers and locals working on the fringes of the palm oil industry.
Published 21 Aug, 2007 12:00am
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