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Print - 2007-08-28
Indonesian palm oil down

Indonesian palm oil down

Indonesian palm oil prices fell on Monday, hit by losses in Malaysian palm oil futures and as players awaited a government announcement on palm oil export tax. At the state marketing centre in Jakarta, crude palm oil was sold at 7,060 rupiah ($0.753) a kg
Published 28 Aug, 2007 12:00am
Asian rubber: China shops around, rains curb supplies

Asian rubber: China shops around, rains curb supplies

China, the world's largest rubber consumer, is likely to snap up more nearby cargoes as local stocks dry up, while persistent rains in Thailand and Indonesia have restricted supplies of raw material.
Published 28 Aug, 2007 12:00am
Malaysian tin down

Malaysian tin down

Malaysian tin slipped $50 a tonne on Monday, tracking losses in London Metal Exchange prices, but strong Japanese buying limited losses, one dealer said.
Published 28 Aug, 2007 12:00am
Tokyo rubber rises

Tokyo rubber rises

Tokyo rubber futures rose 1 percent on Monday as a weakening yen helped bolster buying at levels near an eight-month low. But trade was subdued as concerns that the US supreme mortgage fallout could have a mid- to long-term impact on other financial marke
Published 28 Aug, 2007 12:00am
Malaysia palm oil slips

Malaysia palm oil slips

Malays-ian crude palm oil futures edged lower on Monday as expectations of a cyclical upturn in production offset a slight increase in exports, traders said. But losses were limited by Indonesia's plans to announce a flexible export for the crude palm oil
Published 28 Aug, 2007 12:00am
Airlines body sees end of paper tickets in 2008

Airlines body sees end of paper tickets in 2008

The global airlines body IATA said on Monday it had placed its last order for paper tickets, clearing the way for air travel to be based entirely on electronic ticketing from June 1 next year.
Published 28 Aug, 2007 12:00am
Saudi airline moves towards privatisation

Saudi airline moves towards privatisation

State-owned Saudi Arabian Airlines took a step towards privatisation on Monday, the official SPA news agency reported. The oil-rich kingdom's cabinet agreed at its weekly meeting to allow the airline to convert some of its "strategic units" into companies
Published 28 Aug, 2007 12:00am
Asean to seek $2 billion for transnational railway

Asean to seek $2 billion for transnational railway

Southeast Asian nations will seek to raise $2 billion later this year to complete a railway system that will eventually stretch from China to Singapore and link eight countries in the region.
Published 28 Aug, 2007 12:00am
Afghanistan's opium harvest jumps

Afghanistan's opium harvest jumps

Afghanistan's opium harvest jumped by 34 percent this year to a new high with the country almost the exclusive supplier of the world's deadliest drug, the United Nations announced Monday.
Published 28 Aug, 2007 12:00am
US home re-sales fall, inventories soar

US home re-sales fall, inventories soar

The pace of sales of pre-owned US homes fell slightly in July but the inventory of unsold properties soared to the highest level in over 15 years as troubles in the subprime mortgage market continued to wreak havoc on the housing sector. Home sales slid 0
Published 28 Aug, 2007 12:00am
China blames design for Mattel recalls

China blames design for Mattel recalls

A design fault was mostly to blame for US toy giant Mattel's recall of millions of products, not the Chinese manufacturers, China's chief safety watchdog said Monday.
Published 28 Aug, 2007 12:00am
Sinopec, Aramco refinery on track, discuss reserves

Sinopec, Aramco refinery on track, discuss reserves

Asia's biggest oil refiner Sinopec Corp said its plans with Saudi Arabia's Saudi Aramco for a refinery in east China were on track and the companies were also talking of building commercial oil reserves. Sinopec is in talks with state oil company Saudi Ar
Published 28 Aug, 2007 12:00am
France's Strauss-Kahn pushes IMF reform

France's Strauss-Kahn pushes IMF reform

Former French finance minister Dominique Strauss-Kahn pledged Monday to push for reform of the International Monetary Fund as his campaign to win the top job at the IMF drew to a close.
Published 28 Aug, 2007 12:00am
Kazakhstan halts ENI-run oil field over environment

Kazakhstan halts ENI-run oil field over environment

Kazakhstan halted work on Monday at a vast oil field operated by the Italian group ENI, in the latest squeeze on foreigners who bought into the region's massive resource wealth in the 1990s.
Published 28 Aug, 2007 12:00am
China Construction Bank holds $1.06 billion in subprime securities

China Construction Bank holds $1.06 billion in subprime securities

China Construction Bank, the country's third largest lender, said Monday it held 1.06 billion dollar of securities backed by US subprime mortgages but added it will have limited impact on the group. The lender said it has set aside 139 million yuan (18.3
Published 28 Aug, 2007 12:00am
General Electric to buy Czech aircraft engine maker

General Electric to buy Czech aircraft engine maker

General Electric Company, the giant US conglomerate, said Monday it had agreed to buy Prague-based Walter Engines a.s., a manufacturer of aircraft engines. GE did not disclose how much it was paying to take over the Czech company which makes turboprop air
Published 28 Aug, 2007 12:00am
Strike by temporary workers cripples Kia Motors

Strike by temporary workers cripples Kia Motors

A strike by temporary workers seeking better wages and job security has crippled production at South Korea's second largest carmaker Kia Motors, officials said Monday. About 400 workers from Kia's subcontractors have occupied the company's main plant at H
Published 28 Aug, 2007 12:00am
Slow export raises fears for Thai economy

Slow export raises fears for Thai economy

Exports, a pillar of strength in Thailand's wobbly economy, have suddenly slowed due to cooling foreign demand and a strong currency, raising fears the kingdom will miss already modest growth targets. Thailand counts on exports for 60 percent of its econo
Published 28 Aug, 2007 12:00am
Hungary's central bank leaves rates unchanged

Hungary's central bank leaves rates unchanged

Hungary's central bank left interest rates unchanged on Monday at 7.75 percent, in line with most expectations and raised its forecast for 2008 average annual inflation significantly. The bank cut rates by 25 basis points in June, its first cut in 8 month
Published 28 Aug, 2007 12:00am
Australia's Suncorp reports record profit

Australia's Suncorp reports record profit

Australia's second-largest general insurer, Suncorp Metway Ltd, said Monday its annual net profit rose 16.2 percent to a record 1.06 billion dollars (883,000 US), aided by 15 weeks of contributions from Promina Group. Suncorp bought general insurer Promin
Published 28 Aug, 2007 12:00am
Australia's Suncorp reports record profit

Australia's Suncorp reports record profit

Australia's second-largest general insurer, Suncorp Metway Ltd, said Monday its annual net profit rose 16.2 percent to a record 1.06 billion dollars (883,000 US), aided by 15 weeks of contributions from Promina Group. Suncorp bought general insurer Promin
Published 28 Aug, 2007 12:00am
China to kick off construction on West-East gas pipeline

China to kick off construction on West-East gas pipeline

China will start building its second West-East natural gas pipeline in 2008, with gas transmission to come on stream in 2010, China National Petroleum Corporation, builder of the pipeline, said Monday.
Published 28 Aug, 2007 12:00am
Isuzu, Hino to co-develop emission traps, truck cab

Isuzu, Hino to co-develop emission traps, truck cab

Japanese truck makers Isuzu Motors Ltd and Hino Motors Ltd said on Monday they will jointly develop emissions-cleaning systems for diesel engines and a truck cab for large commercial vehicles. The two companies - both partly owned by Toyota Motor Corp - s
Published 28 Aug, 2007 12:00am
Taiwan's Acer to buy Gateway, foils Lenovo

Taiwan's Acer to buy Gateway, foils Lenovo

Taiwan's Acer will buy Gateway for $710 million, creating the world's No 3 PC maker and doubling its US presence while dealing a blow to arch-foe Lenovo's efforts to grow in Europe. Lenovo's plans were set back when Gateway declared on Monday that it woul
Published 28 Aug, 2007 12:00am
Sarkozy urges more market transparency

Sarkozy urges more market transparency

French President Nicolas Sarkozy on Monday repeated his call for improved transparency in financial markets and said the recent market turmoil could happen again unless steps were taken. Sarkozy has called for a discussion of new measures to increase tran
Published 28 Aug, 2007 12:00am
Merkel tells China to respect trade rules

Merkel tells China to respect trade rules

German Chancellor Angela Merkel raised human rights and other sensitive issues with China's leaders on Monday, while bluntly telling them to respect the rules of international trade and development.
Published 28 Aug, 2007 12:00am
Auction of first A380 seats underway

Auction of first A380 seats underway

An online auction for seats on the first commercial flight of the super jumbo Airbus A380, between Singapore and Sydney, began Monday night, the eBay online marketplace said. "A380 First Flight Charity Auction has begun," said eBay's Singapore website aft
Published 28 Aug, 2007 12:00am
Dutch court backs Arcelor Mittal against holdouts

Dutch court backs Arcelor Mittal against holdouts

A Rotterdam court on Monday ruled in favour of Arcelor Mittal in a row with minority shareholders. The court said Mittal can proceed with finalising its merger with Arcelor, of which it already owns 94 percent of the shares and that it had not been proven
Published 28 Aug, 2007 12:00am
Bosnia food price rise won't spark inflation

Bosnia food price rise won't spark inflation

The recent surge in the prices of bread and other staple food products in Bosnia will not fuel inflation or jeopardise the country's stability, the Bosnian central bank governor was quoted as saying on Monday. Bread prices have gone up by up to 50 percent
Published 28 Aug, 2007 12:00am
Bangkok Bank sees loan growth tougher in second-half

Bangkok Bank sees loan growth tougher in second-half

Bangkok Bank said on Monday it would be more difficult to expand loans over the rest of this year as global market volatility would add risks to a Thai economy already suffering from political uncertainty.
Published 28 Aug, 2007 12:00am
Bangkok Bank sees loan growth tougher in second-half

Bangkok Bank sees loan growth tougher in second-half

Bangkok Bank said on Monday it would be more difficult to expand loans over the rest of this year as global market volatility would add risks to a Thai economy already suffering from political uncertainty.
Published 28 Aug, 2007 12:00am
SAIC, Nanjing Auto to set tie-up plan

SAIC, Nanjing Auto to set tie-up plan

China's biggest car maker Shanghai Automotive Industry Corp (SAIC) and Nanjing Automobile (Group) Corp are hammering out a detailed merger agreement, which is expected be completed by October 1, state press said Monday.
Published 28 Aug, 2007 12:00am
Woolworths second-half profit up

Woolworths second-half profit up

Woolworths Ltd, Australia's largest supermarket chain, posted a 27 percent jump in second-half profit after grabbing market share from rival Coles Group Ltd, and tipped more growth this year. Woolworths, which has been cutting prices to cement its dominan
Published 28 Aug, 2007 12:00am
Woolworths second-half profit up

Woolworths second-half profit up

Woolworths Ltd, Australia's largest supermarket chain, posted a 27 percent jump in second-half profit after grabbing market share from rival Coles Group Ltd, and tipped more growth this year. Woolworths, which has been cutting prices to cement its dominan
Published 28 Aug, 2007 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.32 percent on Monday as big exporters including chip designer Mediatek Inc got a boost from a rally on Wall Street, but low turnover reflected lingering fears about subprime sector woes. Taiwan's main TAIEX rose to a two-week intraday
Published 28 Aug, 2007 12:00am
Malaysian shares slightly firmer

Malaysian shares slightly firmer

Malaysian share prices closed 0.4 percent higher on Monday on cautious trading, with last week's gains on Wall Street and positive US home sales data failing to excite the market, dealers said. They said investors had yet to shake off their jitters follow
Published 28 Aug, 2007 12:00am
Thai share prices end flat

Thai share prices end flat

Thai share prices closed flat on Monday with thin volumes as the army-backed government's announcement on the new election date failed to boost market sentiment, dealers said. They said investors chose to stay on the sidelines to wait for this week's US F
Published 28 Aug, 2007 12:00am
Hong Kong stocks rally to life high

Hong Kong stocks rally to life high

Hong Kong-listed shares in mainland companies shot up 6.2 percent on Monday, feeding on expectations that mainland investors would snatch them as China's move to allow direct offshore investment kicks off this week. Heavy buying drove turnover to record l
Published 28 Aug, 2007 12:00am
JGB futures slip as shares gain

JGB futures slip as shares gain

Japanese government bond futures edged down on Monday in sluggish trade as Tokyo shares gained ground after a jump in US stocks the previous session, with futures volume at its weakest since early May.
Published 28 Aug, 2007 12:00am
JGB futures slip as shares gain

JGB futures slip as shares gain

Japanese government bond futures edged down on Monday in sluggish trade as Tokyo shares gained ground after a jump in US stocks the previous session, with futures volume at its weakest since early May.
Published 28 Aug, 2007 12:00am
Indian shares surge

Indian shares surge

Indian share prices surged 2.89 percent on Monday, led by strong Asian markets which were fuelled by last week's gains on Wall Street, dealers said. They said an absence of negative political news, linked to a row between the government and its communist
Published 28 Aug, 2007 12:00am
Singapore shares rise

Singapore shares rise

Singapore share prices closed 0.56 percent higher on Monday on better-than-expected US housing data released at the end of last week which triggered a rally on Wall Street, dealers said. They said the surprise jump in sales of new US homes for July was a
Published 28 Aug, 2007 12:00am
Chinese stocks continue to hit record closing high

Chinese stocks continue to hit record closing high

China's main stock index climbed 0.83 percent to a record closing high for the sixth straight day on Monday, but it came well off its intra-day high and most stocks fell on profit-taking. The Shanghai Composite Index ended at 5,150.118 points, off an intr
Published 28 Aug, 2007 12:00am
Australian shares soar

Australian shares soar

Australian shares closed up 1.6 percent on Monday, boosted by Friday's gains on Wall Street, robust earnings reports and upbeat outlooks from local companies, dealers said. The benchmark S&P/ASX 200 index ended up 96.7 points at 6,185.2, while the broader
Published 28 Aug, 2007 12:00am
Jakarta shares jump

Jakarta shares jump

Jakarta share prices finished 1.5 percent higher on Monday for a fourth trading day as investors continued to build up positions following recent sell-offs, with Wall Street's rise Friday providing a further boost to sentiment, dealers said.
Published 28 Aug, 2007 12:00am
Nikkei ends firmer as KDDI gains

Nikkei ends firmer as KDDI gains

The Nikkei average inched up 0.3 percent in thin trade on Monday as KDDI Corp extended gains on profit prospects and auto stocks such as Honda Motor advanced on a softer yen. Japan Airlines Corp jumped 4.7 percent to 265 yen after the struggling airline s
Published 28 Aug, 2007 12:00am
Australian dollar near two week high

Australian dollar near two week high

The Australian dollar rose past 83 US cents on Monday for the first time in nearly two weeks as relative calm returned to global financial markets, boosting the appetite for riskier assets.
Published 28 Aug, 2007 12:00am
Swiss franc loses ground

Swiss franc loses ground

The Swiss franc was slightly weaker versus the euro and the dollar on Monday, as investors' worries about the health of the US economy eased on the back of robust US home sales.
Published 28 Aug, 2007 12:00am
Yen edges up

Yen edges up

The yen edged up against the dollar and euro on Monday as Asian stock markets trimmed gains and investors remained anxious about more trouble in credit markets from losses tied to US subprime mortgages.
Published 28 Aug, 2007 12:00am
Asian currencies: rupiah and won rally but traders uneasy

Asian currencies: rupiah and won rally but traders uneasy

The Indonesian rupiah and other high-yielders rallied and stock markets in Asia gained on Monday as investors returned to riskier trades, albeit with caution as the flow of bad news from the subprime mortgage sector continued.
Published 28 Aug, 2007 12:00am
Canadian dollar seen resilient

Canadian dollar seen resilient

The Canadian dollar is likely to prove resilient in the coming months as stable global growth and a favourable interest-rate spread with the United States offset global credit market turbulence. The credit crisis earlier this month pulled the Canadian dol
Published 28 Aug, 2007 12:00am
Chinese yuan guided up

Chinese yuan guided up

The yuan closed higher against the dollar on Monday, guided by a stronger mid-point set by the Chinese central bank, which appeared to be taking its cue from calmer global markets, traders said.
Published 28 Aug, 2007 12:00am
U-18 Football Championship starts

U-18 Football Championship starts

Holders Balochistan will face a stiff challenge from 15 teams of Pakistan when the 19th National U-18 Football Championship explodes into action tomorrow, Tuesday, at the Model Town Football Club's venue at C-Block, Model Town. Balochistan with Karachi an
Published 28 Aug, 2007 12:00am
India's rebel league gets court relief

India's rebel league gets court relief

The breakaway Indian Cricket League (ICL) received a fillip on Monday when a court temporarily barred government institutions from sacking players aligned with the rebel circuit. The Delhi High Court passed the interim order on a suit filed by the ICL, wh
Published 28 Aug, 2007 12:00am
Jankovic and Davydenko advance at US Open

Jankovic and Davydenko advance at US Open

Serbian third seed Jelena Jankovic advanced to the second round of the US Open on Monday by defeating Slovakian Jarmila Gajdosova 6-2, 7-6 (7/2). Jankovic, who reached the US Open semi-finals last year, will next face the winner of a later match between S
Published 28 Aug, 2007 12:00am
Campbell wins 100 metres in photo-finish

Campbell wins 100 metres in photo-finish

Confident Jamaican Veronica Campbell edged American Lauryn Williams in a photo-finish to win the women's world 100 metres title on Monday in the perfect preparation for the Beijing Olympics. Campbell and Williams clocked an identical 11.01 seconds with th
Published 28 Aug, 2007 12:00am
England beat India in third ODI

England beat India in third ODI

England beat India by 42 runs in the third one-day international at Edgbaston here Monday to take a 2-1 lead in the seven-match series. India, set 282 to win, were bowled out for 239 after both captain Rahul Dravid (56) and Sourav Ganguly (72) fell to Chr
Published 28 Aug, 2007 12:00am
Fire at UAE port's chemical depot put out

Fire at UAE port's chemical depot put out

Fire-fighters extinguished a blaze that tore through a chemical storage depot at Jebel Ali port in the United Arab Emirates on Monday, the second fire in two weeks at a cargo port in the Gulf Arab oil exporter.
Published 28 Aug, 2007 12:00am
Japan Prime Minister seeks ratings boost with veteran cabinet

Japan Prime Minister seeks ratings boost with veteran cabinet

Prime Minister Shinzo Abe picked familiar faces for key posts in a sweeping reshuffle of his cabinet on Monday, but analysts doubted whether the changes would do much to revive the Japanese leader's badly sagging popularity.
Published 28 Aug, 2007 12:00am
Sarkozy raises prospect of Iran airstrikes

Sarkozy raises prospect of Iran airstrikes

French President Nicolas Sarkozy said on Monday a diplomatic push by the world's powers to rein in Tehran's nuclear programme was the only alternative to "an Iranian bomb or the bombing of Iran".
Published 28 Aug, 2007 12:00am
Taliban kill five Western soldiers in Afghanistan

Taliban kill five Western soldiers in Afghanistan

Five Western soldiers, including three Americans, were killed in a string of Taliban attacks in eastern and southern Afghanistan, officials said on Monday. The Americans were killed along with two Afghan soldiers in a Taliban ambush on Monday in Ghazi Aba
Published 28 Aug, 2007 12:00am
Middle East conference will fail: Hamas chief

Middle East conference will fail: Hamas chief

Hamas supremo Khaled Meshaal said a planned US conference aimed at kick starting peacemaking in the Middle East was doomed to failure, in an interview with CNN television broadcast on Monday. "I think that this conference will fail for many reasons," said
Published 28 Aug, 2007 12:00am
Kouchner apologises to Maliki

Kouchner apologises to Maliki

French Foreign Minister Bernard Kouchner apologised on Monday for having said that Iraqi Prime Minister Nuri al-Maliki should be replaced. Maliki had on Sunday demanded an apology from Kouchner for the comments he made to Newsweek magazine.
Published 28 Aug, 2007 12:00am
Sunni Arabs won't rejoin cabinet despite deal

Sunni Arabs won't rejoin cabinet despite deal

A new political accord between Iraq's main Sunni Arab, Shia and Kurdish leaders will not be enough to lure minority Sunni Arabs back into the government, the Sunni Arab vice president who signed it said on Monday.
Published 28 Aug, 2007 12:00am
Hasina ordered to remain in jail

Hasina ordered to remain in jail

Bangladesh's Supreme Court ruled on Monday that former prime minister Sheikh Hasina must remain in prison and said she would be prosecuted under special emergency laws for extorting more than $1 million.
Published 28 Aug, 2007 12:00am
72 soldiers and family die in crash: Uganda

72 soldiers and family die in crash: Uganda

Seventy-two people, mostly Ugandan soldiers, were killed and another 41 injured, many seriously, when their huge truck crashed into a concrete barrier in the east of the country, a spokesman said on Monday. The death toll from the truck carrying the soldi
Published 28 Aug, 2007 12:00am
Merkel presses China on climate change

Merkel presses China on climate change

German Chancellor Angela Merkel urged China on Monday to do more to halt climate change, prompting the response that the developed West has been polluting the skies for much longer than the newly developing Chinese.
Published 28 Aug, 2007 12:00am
UK markets closed

UK markets closed

The UK stock, financial and commodity markets were closed on Monday for a bank holiday. The markets will resume trading on Tuesday.
Published 28 Aug, 2007 12:00am
UK markets closed

UK markets closed

The UK stock, financial and commodity markets were closed on Monday for a bank holiday. The markets will resume trading on Tuesday.
Published 28 Aug, 2007 12:00am
Indian rupee rises on foreign inflows expectation

Indian rupee rises on foreign inflows expectation

The Indian rupee inched up on Monday with a rally in local stocks boosting expectations of foreign inflows, though concerns about a political impasse and the fallout from a global credit squeeze weighed, dealers said.
Published 28 Aug, 2007 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares rose 0.7 percent on Monday, pushing on after their best week in nearly five years, as vessel makers such as Daewoo Shipbuilding rallied following good July results and additional orders.
Published 28 Aug, 2007 12:00am
Oil rises on US refinery problems

Oil rises on US refinery problems

Oil prices rose on Monday as refinery outages in the United States stoked supply concerns again as the end of the summer driving season neared. US crude settled up 88 cents at $71.97 a barrel, after jumping $1.26 on Friday. London Brent rose 33 cents to $
Published 28 Aug, 2007 12:00am
New York cotton futures plummet

New York cotton futures plummet

Cotton futures settled lower Monday on a steady drumbeat of speculative fund sales as worries over the credit crisis is expected to keep fibre contracts on the defensive this week, brokers said.
Published 28 Aug, 2007 12:00am
Urs of Baba Bulleh Shah starts

Urs of Baba Bulleh Shah starts

Punjab Auqaf Minister Sahibzada Saeedul Hassan Shah has said that the basic theme of teachings of Hazrat Baba Bulleh Shah is to maintain the honour and sanctity of humanity which result into the end of sectarianism from society.
Published 28 Aug, 2007 12:00am
Government urged to restore Haj flights from Faisalabad

Government urged to restore Haj flights from Faisalabad

Haj Committee Member for Faisalabad, Muhammad Amjad, and other members of the Committee have emphatically demanded of the government resumption of direct Haj flights from Faisalabad to Jeddah. He reiterated that total Muslim population in Faisalabad and S
Published 28 Aug, 2007 12:00am
Opposition demands Musharraf's resignation

Opposition demands Musharraf's resignation

Opposition parties on Monday called for the resignation of General Pervez Musharraf as well those associated with the NGOs given that it has suffered a total crisis of legitimacy and has lost any mandate to continue its rule.
Published 28 Aug, 2007 12:00am
Workshop on EIA of grid stations, transmission lines

Workshop on EIA of grid stations, transmission lines

The 13th session of 5-day sector specific training workshop on Environmental Impact Assessment (EIA) of transmission lines and grid stations for Govt officials and professionals from the private sector concluded.
Published 28 Aug, 2007 12:00am
CSS quota system

CSS quota system

It seems unjustified to allot 10% quota for women in CSS which otherwise is the fair process of selection of civil officers. The new system is in violation of Article 27 of the constitution according to which there should not be any discrimination on the
Published 28 Aug, 2007 12:00am
Independent share registrars

Independent share registrars

Please refer to the amendment in the Finance Bill 2007, in the Section 204-A of the Companies Ordinance, 1984 regarding Compulsory Appointment of Independent Share Registrar by Listed Companies.
Published 28 Aug, 2007 12:00am
Makers seek perfect flat-panel screens

Makers seek perfect flat-panel screens

A new crop of acronyms is about to hit the flat-panel screen business as manufacturers seek ways to convince shoppers that television A contains snazzier technology than television B.
Published 28 Aug, 2007 12:00am
China bond reform hangs on bank involvement

China bond reform hangs on bank involvement

A long-awaited overhaul of China's corporate bond market could fall flat if government turf wars prevent an active market from developing between banks, since demand from elsewhere may take time to build up.
Published 28 Aug, 2007 12:00am
The need for a business barometer - I

The need for a business barometer - I

To provide independent biannual information about the state of economic activity in Pakistan, PIDE has launched Business Barometer of Pakistan. The Business Barometer is based on the survey of firms' assessments of the economy through their own activities
Published 28 Aug, 2007 12:00am
No alternative to reconciliation

No alternative to reconciliation

Not surprisingly, in spite of provocative statements by some ministers, after the government's hard-fought-but-lost legal battle against the return of Sharif brothers, the imperative of obtaining suitable conditions for political reconciliation is fast ac
Published 28 Aug, 2007 12:00am
ADB's support for Pakistan's development

ADB's support for Pakistan's development

During his recent visit to Pakistan, the Director General (DG) of the Asian Development Bank's (ADB) Central and West Asia Regional Department (CWRD) committed assistance of 6 billion dollars to Pakistan in the next three years, a package which, he said,
Published 28 Aug, 2007 12:00am
PAC to probe audit reports of interior ministry

PAC to probe audit reports of interior ministry

The Public Accounts Committee (PAC) of the National Assembly will open a three-day meeting here on Tuesday to examine accounts and audit reports of the interior ministry for 2000-01.
Published 28 Aug, 2007 12:00am
JS Bank profit increases

JS Bank profit increases

The profit after tax of JS Bank Limited has increased to Rs 34.676 million in the half year ending June 30 as compared to Rs 27.232 million in the corresponding period last year.
Published 28 Aug, 2007 12:00am
JS Bank profit increases

JS Bank profit increases

The profit after tax of JS Bank Limited has increased to Rs 34.676 million in the half year ending June 30 as compared to Rs 27.232 million in the corresponding period last year.
Published 28 Aug, 2007 12:00am
PICIC profit declines

PICIC profit declines

The profit after tax of PICIC Commercial Bank has declined to Rs 321.088 million in the half year ending June 30 as compared to Rs 649.927 million in the same period last year. The board of directors of the bank, in its meeting, declared that the earning
Published 28 Aug, 2007 12:00am
PICIC profit declines

PICIC profit declines

The profit after tax of PICIC Commercial Bank has declined to Rs 321.088 million in the half year ending June 30 as compared to Rs 649.927 million in the same period last year. The board of directors of the bank, in its meeting, declared that the earning
Published 28 Aug, 2007 12:00am
Indian sugar import opposed

Indian sugar import opposed

Pakistan Kisan Movement (PKM) Secretary General said on Monday that sugarcane growers' anxiety is growing with reports of possible arrival of Indian sugar into Pakistan, affecting the sugar and sugarcane prices.
Published 28 Aug, 2007 12:00am
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