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Print - 2007-08-25
Climate fight brings mega profits to EU power firms

Climate fight brings mega profits to EU power firms

European power companies are making billions of euros in excess profits in the European Union's battle to beat global warming by cutting emissions of carbon gases, and consumers are paying for it, economists say.
Published 25 Aug, 2007 12:00am
Top Barlays Capital executive quits

Top Barlays Capital executive quits

The head of a key European structured finance division at Barclays Capital has quit this week, sources familiar with the matter said, as market turmoil battered the investment structures that his team helped arrange.
Published 25 Aug, 2007 12:00am
US new home sales and durables orders rise

US new home sales and durables orders rise

Sales of new single-family US homes unexpectedly rose in July and new orders for durable goods posted strong gains that underlined the economy's strength just before a credit crisis socked financial markets.
Published 25 Aug, 2007 12:00am
Cognis CFO says 2007 net loss possible

Cognis CFO says 2007 net loss possible

German specialty chemical maker Cognis could suffer net losses for the full year, partly due to one-off costs incurred to refinance its debt, its finance head said on Wednesday. Klaus Edelmann also told Reuters changes in the German tax regime could contr
Published 25 Aug, 2007 12:00am
Cognis CFO says 2007 net loss possible

Cognis CFO says 2007 net loss possible

German specialty chemical maker Cognis could suffer net losses for the full year, partly due to one-off costs incurred to refinance its debt, its finance head said on Wednesday. Klaus Edelmann also told Reuters changes in the German tax regime could contr
Published 25 Aug, 2007 12:00am
Wipro sees no US tech budget cuts for now

Wipro sees no US tech budget cuts for now

India's No 3 software services exporter, Wipro Ltd, has not yet seen a slowdown in US spending because of the subprime mortgage crisis, but it will take time for a clear picture to emerge, an official said on Wednesday.
Published 25 Aug, 2007 12:00am
Vividas chief executive hopes for more deals with Fox

Vividas chief executive hopes for more deals with Fox

Vividas' CEO said on Monday a deal with cable channel Fox to broadcast English football matches in the United States will help it win other contracts within News Corp and with others.
Published 25 Aug, 2007 12:00am
Market turmoil more risk for UK housing: Nationwide

Market turmoil more risk for UK housing: Nationwide

British house price inflation looks set to slow sharply next year as affordability constraints are compounded by tighter lending conditions, according to Nationwide, Britain's biggest building society.
Published 25 Aug, 2007 12:00am
Red flags dot road to Canada's ABCP credit squeeze

Red flags dot road to Canada's ABCP credit squeeze

As the blame game starts after a credit crunch in a corner of Canada's asset-backed commercial paper market, it is emerging that several red flags were raised in the past year about these unique short-term debt investments.
Published 25 Aug, 2007 12:00am
ICBC, Bank of China profits surge

ICBC, Bank of China profits surge

Industrial and Commercial Bank of China Ltd (ICBC) and rival Bank of China reported forecast-beating profit gains as the country's big lenders feast on surging demand in a fast-growing economy.
Published 25 Aug, 2007 12:00am
ICBC, Bank of China profits surge

ICBC, Bank of China profits surge

Industrial and Commercial Bank of China Ltd (ICBC) and rival Bank of China reported forecast-beating profit gains as the country's big lenders feast on surging demand in a fast-growing economy.
Published 25 Aug, 2007 12:00am
Mexico's inflation exceeds central bank target

Mexico's inflation exceeds central bank target

Mexico's annual inflation ticked up to 4.10 percent in early August, above the central bank's target range but still within expectations. Consumer prices rose 0.20 percent in the first two weeks of August, the central bank said on Thursday.
Published 25 Aug, 2007 12:00am
Taiwan stocks decline

Taiwan stocks decline

Taiwan shares ended 0.49 percent lower on Friday, led by financial firms such as Cathay, as a lacklustre US stock market renewed concerns that the subprime crisis could spark a recession. The main TAIEX share index closed down 42.75 points at 8,690.09. It
Published 25 Aug, 2007 12:00am
Indian shares gain 1.84 percent

Indian shares gain 1.84 percent

Indian share prices rose 1.84 percent on Friday, as fears eased that a row between the government and its communist allies over a nuclear deal with the United States would trigger early polls, dealers said. They said there was fresh buying by local and ov
Published 25 Aug, 2007 12:00am
Hong Kong shares mark best week since 1998

Hong Kong shares mark best week since 1998

Hong Kong blue chips slipped on Friday after four straight days of sharp rises, but posted their best weekly gain since October 1998 thanks to a landmark move by China to allow residents to invest directly in Hong Kong stocks.
Published 25 Aug, 2007 12:00am
US shares slip as economic outlook

US shares slip as economic outlook

US stocks dipped on Thursday as investors worried about the economic outlook after the head of the biggest US mortgage company said the housing downturn could create a recession. The remarks from Angelo Mozilo, chief executive of Countrywide Financial Cor
Published 25 Aug, 2007 12:00am
US Treasury prices end mixed

US Treasury prices end mixed

US Treasury debt prices were mixed on Thursday with strong selling in shorter-dated bills as investors unwound recent flight-to-safety bids on speculation central banks are dealing with recent credit turmoil.
Published 25 Aug, 2007 12:00am
US Treasury prices end mixed

US Treasury prices end mixed

US Treasury debt prices were mixed on Thursday with strong selling in shorter-dated bills as investors unwound recent flight-to-safety bids on speculation central banks are dealing with recent credit turmoil.
Published 25 Aug, 2007 12:00am
Thai shares slump

Thai shares slump

Thai share prices closed marginally lower on Friday as other regional stocks consolidated following overnight weakness on Wall Street amid lingering fears over a US credit squeeze, dealers said.
Published 25 Aug, 2007 12:00am
Jakarta shares surge

Jakarta shares surge

Jakarta share prices finished 1.2 percent higher on Friday as late-session gains by Telkom and banks drove the main index to close at its high for the day, dealers said. The Jakarta Stock Exchange composite index closed up 25.45 points at 2,143.11, off a
Published 25 Aug, 2007 12:00am
Singapore shares slightly changed

Singapore shares slightly changed

Singapore share prices closed barely lower on Friday following losses on Wall Street as concerns fallout from the US subprime mortgage crisis persisted, dealers said. While the market has recovered from its losses last week, concerns over the extent of th
Published 25 Aug, 2007 12:00am
Nikkei retreats, caution ahead of US data

Nikkei retreats, caution ahead of US data

The Nikkei share average slipped 0.4 percent on Friday, as investors squared their positions ahead of Japan's cabinet reshuffle and some key US economic data next week, unloading Kyocera Corp and other recent gainers.
Published 25 Aug, 2007 12:00am
Malaysian shares drop

Malaysian shares drop

Malaysian share prices closed 0.8 percent lower on Friday on profit taking amid low trading volumes as investors remained cautious over the impact of US subprime credit fears, dealers said. The Kuala Lumpur Composite Index lost 10.10 points to 1,273.52. G
Published 25 Aug, 2007 12:00am
Philippines shares tumble

Philippines shares tumble

Philippines share prices closed 0.7 percent lower on Friday as Wall Street's weakness prompted investors to lock in recent gains ahead of a long weekend, dealers said. The composite index gave up 22.21 points to 3,206.94, off the day's low of 3,199.78.
Published 25 Aug, 2007 12:00am
Taiwan dollar falls

Taiwan dollar falls

The Taiwan dollar weakened on Friday due to foreign fund outflows as local stocks fell and oil firms bought US dollars. The Taiwan dollar ended weaker at T$32.980 to the US dollar from the previous close of T$32.945. Volume on the main Taipei Forex Inc ex
Published 25 Aug, 2007 12:00am
Yuan ends with second biggest post-reval daily gain

Yuan ends with second biggest post-reval daily gain

The yuan strengthened against the dollar on Friday and scored its second biggest daily gain since its revaluation two years ago, amid signs that the Chinese central bank was prepared to permit it to rise further.
Published 25 Aug, 2007 12:00am
Asian currencies down on US fears

Asian currencies down on US fears

Most Asian currencies fell against the dollar on Friday as investors shunned riskier assets following a senior businessman's comment that the US mortgage crisis could lead the economy into a recession. The high-yielding Philippine peso fell as far as 46.8
Published 25 Aug, 2007 12:00am
Yen tumbles

Yen tumbles

The yen fell for the second straight day on Thursday as easing global credit concerns sparked a tentative rebound in trades financed by borrowing at low Japanese interest rates. But early gains in US stock markets fizzled in afternoon trade after the CEO
Published 25 Aug, 2007 12:00am
Swiss franc up

Swiss franc up

The Swiss franc ticked higher versus the euro and the dollar on Friday, as investors shied away from stocks on fears the problems in the US housing and credit markets may hit the broader economy. "The nervousness prevails, with the euro/franc largely a sl
Published 25 Aug, 2007 12:00am
Yen inches up

Yen inches up

The yen edged up against major currencies on Friday after a slide in Asian stocks chilled risk demand as it highlighted the possibility that problems in the US housing and credit markets may sting the broader economy.
Published 25 Aug, 2007 12:00am
Australian dollar eases

Australian dollar eases

The Australian dollar eased back from one-week highs on profit taking, but tentatively held above 82 US cents on Friday during a see-saw session in which it failed to tackle resistance building around $0.8250.
Published 25 Aug, 2007 12:00am
Ronaldinho out to make season his best at Barca

Ronaldinho out to make season his best at Barca

Ronaldinho said on Friday he was determined to avoid the mistakes of last season and make this one his best at Barcelona. "I'm going to make a big effort to ensure that this is my best season," the 27-year-old Brazilian told a news conference.
Published 25 Aug, 2007 12:00am
Boucher fined over Kallis comments

Boucher fined over Kallis comments

Wicketkeeper Mark Boucher will lose 60 percent of his match fees at the upcoming Twenty20 World Cup after criticising the move to drop star batsman Jacques Kallis, Cricket South Africa said Friday.
Published 25 Aug, 2007 12:00am
Blake books berth in semi-final

Blake books berth in semi-final

Third-seeded James Blake barely survived the third round, then booked a semi-final berth here Thursday at the Pilot Pen Tennis US Open warm-up event. On a busy day that saw three of the top four men's seeds tumble, Blake hung on by the skin of his teeth.
Published 25 Aug, 2007 12:00am
England set up Austria friendly

England set up Austria friendly

England have set up a friendly date with Euro 2008 co-hosts Austria in Vienna on November 16. The game has been arranged as part of the build-up to England's final Group D qualifier against Croatia the following Wednesday when coach Steve McClaren hopes t
Published 25 Aug, 2007 12:00am
Beckham's trans-Atlantic heroics can't save Galaxy

Beckham's trans-Atlantic heroics can't save Galaxy

David Beckham kept his promise, but his heroic effort in returning from England duty couldn't prevent his Galaxy club falling 3-0 to Chivas USA in Major League Soccer's SuperClasico Los Angeles derby.
Published 25 Aug, 2007 12:00am
Rebel league moves court against Indian Board

Rebel league moves court against Indian Board

The battle between the Indian cricket board and a rival league reached the courts on Friday with the breakaway group accusing the official body of intimidating its players. The lawsuit was filed by Indian Cricket League (ICL) in the Delhi High Court, a sp
Published 25 Aug, 2007 12:00am
PCB clears Shoaib Akhtar of indiscipline

PCB clears Shoaib Akhtar of indiscipline

The Pakistan Cricket Board on Friday cleared maverick paceman Shoaib Akhtar of indiscipline and suspended a 5,000-dollar fine, while warning him to stay out of trouble for six weeks.
Published 25 Aug, 2007 12:00am
Love triangle astronaut faces romantic rival in US court

Love triangle astronaut faces romantic rival in US court

Former US astronaut Lisa Nowak on Friday came face-to-face in court with the romantic rival she is accused of attacking after allegedly driving half-way across the United States wearing diapers.
Published 25 Aug, 2007 12:00am
Ugandan government accused of 'state homophobia'

Ugandan government accused of 'state homophobia'

An international human rights group has accused President Yoweri Museveni's government of promoting "state homophobia" in Uganda and urged the repeal of a colonial-era law against sodomy.
Published 25 Aug, 2007 12:00am
TV and radio look for record advertising money in US election

TV and radio look for record advertising money in US election

The presidential election is 14 months away and with as many as 17 candidates now running, US television and radio broadcasters are elated at the prospect of billions more in advertising dollars. Many states have set their 2008 nominating contests for ear
Published 25 Aug, 2007 12:00am
Remains of Tsar's missing children found

Remains of Tsar's missing children found

Russian forensic experts said on Friday they may have found the remains of two children of the last Tsar whose bodies have been missing since a Bolshevik firing squad executed Russia's royal family in 1918.
Published 25 Aug, 2007 12:00am
Book shows a power-hungry Sarkozy with sweet tooth

Book shows a power-hungry Sarkozy with sweet tooth

An eagerly awaited new book tracing a year in the life of Nicolas Sarkozy shows the French president as a never-resting, power-hungry statesman with a weakness for sweets and luxury watches.
Published 25 Aug, 2007 12:00am
Russia denies selling Venezuela 98 planes

Russia denies selling Venezuela 98 planes

Russia's state arms export monopoly Rosoboronexport on Friday denied signing a deal for the sale of 98 Ilyushin-114 planes to Venezuela, as reported earlier in two Russian newspapers. Rosoboronexport, which was said by the Izvestia and Vremya Novostei dai
Published 25 Aug, 2007 12:00am
Czech mayors join forces against US missile defence radar

Czech mayors join forces against US missile defence radar

Thirty-one mayors from central Czech towns and villages near the site of a proposed US tracking radar Friday formed an association to fight the planned base, Czech media reported. Mayors took the decision at a meeting at Rozmital pod Tremsinem, around 10
Published 25 Aug, 2007 12:00am
Salman Khan to be jailed for poaching

Salman Khan to be jailed for poaching

Bollywood star Salman Khan lost an appeal on Friday against a conviction for shooting an endangered species of gazelle, and must now go to jail.
Published 25 Aug, 2007 12:00am
Two Spanish cops wounded by ETA bomb

Two Spanish cops wounded by ETA bomb

Two Spanish policemen were injured by a bomb in the Basque region early on Friday in what police said was the first bombing by ETA separatist guerrillas since they ended a ceasefire in June. The huge bomb, containing 80-100 kg (175-220 lb) of explosives,
Published 25 Aug, 2007 12:00am
Bangladesh eases curfew

Bangladesh eases curfew

Traffic poured onto the streets of Bangladesh's main cities on Friday as the army-backed interim government relaxed a curfew imposed two days ago to quell street violence, allowing people to venture out to buy essentials.
Published 25 Aug, 2007 12:00am
Worst summer in 30 years in France

Worst summer in 30 years in France

It's official: France's rainy, grey and generally cold summer has been the worst for the past 30 years, the weather service said Friday. July and August were wet across two-thirds of the country while the Mediterranean region was too dry, said Frederic Na
Published 25 Aug, 2007 12:00am
Gul set to win presidency

Gul set to win presidency

Foreign Minister Abdullah Gul failed to win the Turkish presidency in a second round of voting in parliament on Friday, but is expected to clinch the post next week, hoping to end months of political tensions.
Published 25 Aug, 2007 12:00am
18 held in Myanmar crackdown

18 held in Myanmar crackdown

Myanmar's generals arrested 18 more activists on Friday and deployed pro-junta gangs on the streets of Yangon for the third straight day in a major crackdown on protests against soaring fuel prices.
Published 25 Aug, 2007 12:00am
Former Iraqi president dies in Jordan

Former Iraqi president dies in Jordan

Former Iraqi president Abdel Rahman Aref, who was ousted by Saddam Hussein's Baath party in 1968, died in Jordan on Friday at the age of 91, his family said. Aref, who had been living in Amman for three years, died of natural causes at Al-Hussein Medical
Published 25 Aug, 2007 12:00am
Iran to settle IAEA issues in phases

Iran to settle IAEA issues in phases

Iran will resolve UN questions about suspicious aspects of its nuclear programme in phases by year-end but this will not be enough for a declaration that its activity is wholly peaceful, diplomats said on Friday.
Published 25 Aug, 2007 12:00am
US bomb kills three British soldiers in Afghanistan

US bomb kills three British soldiers in Afghanistan

Three British soldiers were killed by a bomb dropped by US aircraft supporting them in a battle against Taliban insurgents in southern Afghanistan, the British military said on Friday. The incident on Thursday takes the number of British deaths in Afghani
Published 25 Aug, 2007 12:00am
15 die in Greece as fires sweep south-east Europe

15 die in Greece as fires sweep south-east Europe

At least 15 people died and thousands of acres (hectares) of forest were consumed in fires racing through Greece's Peloponnese peninsula on Friday as south-east Europe experienced a resurgence of summer blazes.
Published 25 Aug, 2007 12:00am
UN extends Lebanon peace force

UN extends Lebanon peace force

The UN Security Council Friday extended for another year the mandate of the UN's peacekeeping force in southern Lebanon, strengthened after the Israeli-Hezbollah war in August 2006.
Published 25 Aug, 2007 12:00am
Baghdad clash kills 18, intelligence outlook grim

Baghdad clash kills 18, intelligence outlook grim

US forces opened fire from helicopters during an overnight clash with Shia militants in western Baghdad, killing 18 people, the US military said on Friday. Angry mourners, chanting and raising fists, took to the streets in the Shula district of the Iraqi
Published 25 Aug, 2007 12:00am
Sterling strengthens against dollar, yen

Sterling strengthens against dollar, yen

Sterling strengthened against the dollar and yen on Friday as the market took heart from strong British data and a return to risk appetite led investors back into the carry trade. Sterling strengthened broadly after Britain's GDP deflator - a measure of i
Published 25 Aug, 2007 12:00am
Yen rises in London

Yen rises in London

The yen strengthened on Friday and the dollar slid as a slight increase in risk aversion led to weaker European and Asian stocks, reminding investors that problems in the US housing and credit markets may sting the global economy.
Published 25 Aug, 2007 12:00am
Indian rupee eases

Indian rupee eases

The Indian rupee inched lower on Friday on worries foreigners would be deterred by political uncertainty, but losses were capped as a 1.8 percent rise in the stock market gave dealers confidence to build some positions.
Published 25 Aug, 2007 12:00am
Friday's midday trade

Friday's midday trade

US stocks climbed on Friday as an unexpected rise in July new home sales calmed worries about the housing market slump, helping investors put aside fears about a recession. But gains were limited by a drop in financial stocks as concerns remain about the
Published 25 Aug, 2007 12:00am
Crossover index tightens on US data

Crossover index tightens on US data

European credit markets edged tighter on Friday, supported by stronger-than-expected US data, although trading remained relatively lacklustre ahead of a three-day weekend in the United Kingdom.
Published 25 Aug, 2007 12:00am
Crossover index tightens on US data

Crossover index tightens on US data

European credit markets edged tighter on Friday, supported by stronger-than-expected US data, although trading remained relatively lacklustre ahead of a three-day weekend in the United Kingdom.
Published 25 Aug, 2007 12:00am
Seoul shares down

Seoul shares down

Seoul shares fell on Friday as exporters such as Samsung Electronics retreated on fears a US housing slump will hit the world's top economy, but the main index still posted its best weekly gain in nearly five years.
Published 25 Aug, 2007 12:00am
China's main index jumps

China's main index jumps

China's main stock index climbed to a fresh record closing high for the fifth straight day on Friday, boosted by banking shares after several banks reported slightly better-than-expected earnings this week.
Published 25 Aug, 2007 12:00am
FTSE remains higher

FTSE remains higher

Britain's blue chip stock index closed up for the sixth day in a row on Friday, led by miners and boosted by signs of strength in the US economy that outweighed broader worries about a global credit squeeze.
Published 25 Aug, 2007 12:00am
India to leapfrog Brazil as biggest sugar maker

India to leapfrog Brazil as biggest sugar maker

India is on course to overtake Brazil as the world's biggest sugar producer in 2007/2008, the International Sugar Organisation forecast Friday in a report which also predicted a record surplus.
Published 25 Aug, 2007 12:00am
Summer rains cloud wheat harvest as prices soar

Summer rains cloud wheat harvest as prices soar

Summer rains hampering the tail-end of Europe's wheat harvest have dented output and raised doubts over quality, accentuating a squeeze in global supplies that has propelled prices to record highs.
Published 25 Aug, 2007 12:00am
Oil jumps as US refinery woes spur supply concerns

Oil jumps as US refinery woes spur supply concerns

Oil prices jumped more than $1 to over $71 a barrel on Friday as US refinery problems spurred concerns about fuel supplies in the world's top consumer. US crude for October delivery settled up $1.26 to $71.09 a barrel, after a 57 cents gain on Thursday. L
Published 25 Aug, 2007 12:00am
Madagascar nickel project to cost $3 billion

Madagascar nickel project to cost $3 billion

Madagascar's Ambatovy nickel mine, one of the world's largest nickel projects, is likely to cost more than $3 billion and employ 5,000 Malagasy in construction, the project's managing director said on Friday.
Published 25 Aug, 2007 12:00am
New York cotton futures slightly lower

New York cotton futures slightly lower

Cotton futures finished with small losses on Friday after trading in a narrow range and light dealings, unwinding the day-earlier rally as speculators decided to grab early profits at session highs, traders said.
Published 25 Aug, 2007 12:00am
London sugar slips

London sugar slips

White sugar futures ended lower on Friday with forecasts for a large global supply surplus in 2007/08 keeping the market on the defensive as prices slipped back towards its recent 21-month low, dealers said. Robusta coffee finished slightly up but well be
Published 25 Aug, 2007 12:00am
Metals firmer

Metals firmer

Industrial metals ended firm on Friday after stronger-than-expected US housing and durable goods data drove global equities higher and offset fears of a slowdown in the world's biggest economy, traders said. "It is giving a little bit of a boost (to metal
Published 25 Aug, 2007 12:00am
Gold gains in London

Gold gains in London

Gold drifted higher in cautious trading on Friday, helped by a weaker dollar, but remained vulnerable as worries about credit market turmoil persisted, analysts said. Gold rose as high as $662.65 an ounce and was at $661.10/661.90 by 1442 GMT, against $65
Published 25 Aug, 2007 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Chicago Board of Trade wheat futures higher early on Friday in lacklustre consolidation action after a volatile week of rallying prices, traders said. The spot September contract ended up 3-1/4 cents at $7.25-3/4, ranging on the day from $7.20 to $7.27. S
Published 25 Aug, 2007 12:00am
US MIDDAY: corn lower

US MIDDAY: corn lower

Chicago Board of Trade corn futures were expected to open 1/2 to 1 cent per bushel lower on Friday with options trade and end-week profit-taking hanging over the market despite some crop damage concerns, traders said.
Published 25 Aug, 2007 12:00am
US MIDDAY: soyabeans jump

US MIDDAY: soyabeans jump

Soyabean futures on the Chicago Board of Trade hit highs late Friday on a pre-weekend bounce amid fears that more rain was headed for parts of the upper US Midwest, raising concerns about crop damage, traders said.
Published 25 Aug, 2007 12:00am
US MIDDAY: copper reverses losses

US MIDDAY: copper reverses losses

US copper futures reversed earlier losses and turned positive early on Friday after surprisingly strong US new home sales data provided some relief to investors concerned about the downbeaten sector, traders said.
Published 25 Aug, 2007 12:00am
US MIDDAY: gold futures rise

US MIDDAY: gold futures rise

US gold futures climbed slightly in quiet trade early on Friday as the dollar fell against major currencies, and as jittery bullion investors added light positions ahead of the weekend.
Published 25 Aug, 2007 12:00am
Packages Limited profit declines

Packages Limited profit declines

The profit after tax of Packages Limited has declined to Rs 561.522 million in the half year period ended on June 30 as compared to Rs 605.931 million earned in the corresponding period last year.
Published 25 Aug, 2007 12:00am
Packages Limited profit declines

Packages Limited profit declines

The profit after tax of Packages Limited has declined to Rs 561.522 million in the half year period ended on June 30 as compared to Rs 605.931 million earned in the corresponding period last year.
Published 25 Aug, 2007 12:00am
ICCI concerned over raise in drug prices

ICCI concerned over raise in drug prices

The President, Islamabad Chamber of Commerce & Industry (ICCI), Nasir Khan has expressed great concern over the alarming increase in prices of life saving drugs by the multinational companies. He regretted the inconvenience cause to the people as doctors
Published 25 Aug, 2007 12:00am
Harsh taxes

Harsh taxes

City Nazim Mustafa Kamal has demanded that the control of whole of Karachi should be transferred to him. He should know that the Devolution Plan prepared by General Naqvi has been a total failure and the next elected democratic government that comes will
Published 25 Aug, 2007 12:00am
Messages quite clear, says US

Messages quite clear, says US

Your editorial "Say No to America" of 21 August suggests that the United States has sent mixed messages to Pakistan. In fact, Washington's messages are quite clear. President Bush has stated, most recently on 9 August, that the United States supports free
Published 25 Aug, 2007 12:00am
Business losses of group companies

Business losses of group companies

In order to arrest the growing trend of sick industrial units, a provision u/s 34A was inserted in the Income Tax Ordinance 1979 through the Finance Act 1980.Whereby the healthy companies were encouraged to acquire the sick units for their revival allowin
Published 25 Aug, 2007 12:00am
LPG terminal at Gwadar

LPG terminal at Gwadar

Engro-Vopak Terminal Limited (EVTL), a joint venture of international repute with recognised expertise in developing oil handling and storage infrastructure as also in manufacturing chemical fertilisers, has offered to set up an LPG terminal and an oil ha
Published 25 Aug, 2007 12:00am
The return of the Sharifs

The return of the Sharifs

Friday's verdict of the Supreme Court lifting the curbs on the return of Nawaz Sharif and his family members was very much expected, given that the whole concept of securing banishment of political opponents is too archaic to have been countenanced by the
Published 25 Aug, 2007 12:00am
Moot on 'Pakistan's Road to Export Success' on August 28

Moot on 'Pakistan's Road to Export Success' on August 28

The International Trade Centre (ITC), the United Nations Industrial Development Organisation (UNIDO) and the World Intellectual Property Organisation (WIPO) will jointly hold a seminar entitled "Pakistan's Road to Export Success" on 28 and 29 August.
Published 25 Aug, 2007 12:00am
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