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Print - 2007-09-08
EU left with few tools to tackle wheat rally

EU left with few tools to tackle wheat rally

By emptying its grain stores due to expectations for a bumper crop this year, the European Union may have left itself with few means to cool down soaring wheat prices as concerns over so-called "agflation" flare up.
Published 08 Sep, 2007 12:00am
US copper posts gains

US copper posts gains

US copper futures finished a choppy on Thursday session in positive territory, with a weaker dollar and stabilising equity markets providing the impetus for the short-covering move higher, analysts said.
Published 08 Sep, 2007 12:00am
BRIndex30 sheds 280.95 points

BRIndex30 sheds 280.95 points

On Friday, the BRIndex30 opened at 13,778.55, in the red zone and closed at 13,513.50, registering a net negative change of -280.95 points, or -2.04 percent. It experienced intra-day high of 13,814.03 and low of 13,480.43. The volume amounted to 123,521,9
Published 08 Sep, 2007 12:00am
US gold futures higher

US gold futures higher

US gold futures easily surpassed the key $700 an ounce target to set a 4-month high on Thursday as funds bought gold in droves, and traders cited reasons ranging from a soft outlook for Friday's US jobs data to strong physical demand and a weaker dollar f
Published 08 Sep, 2007 12:00am
BRIndex30 sheds 280.95 points

BRIndex30 sheds 280.95 points

On Friday, the BRIndex30 opened at 13,778.55, in the red zone and closed at 13,513.50, registering a net negative change of -280.95 points, or -2.04 percent. It experienced intra-day high of 13,814.03 and low of 13,480.43. The volume amounted to 123,521,9
Published 08 Sep, 2007 12:00am
Gold near 16-month high in Asian market

Gold near 16-month high in Asian market

Gold dipped on Friday as profit taking kicked in after a rally the previous day, but investors were reluctant to take new positions ahead of the release of US payrolls report. Spot gold fell to $693.35/693.85 an ounce from $695.70/696.30 an ounce late in
Published 08 Sep, 2007 12:00am
ECC to finalise measures on September 11

ECC to finalise measures on September 11

Prime Minister Shaukat Aziz has convened a meeting of Economic Coordination Committee (ECC) of the Cabinet on September 11 to finalise measures to control core food inflation, after the Supreme Court of Pakistan directed the government to submit a compreh
Published 08 Sep, 2007 12:00am
Malaysian tin slips

Malaysian tin slips

Malaysian tin fell $50 on Friday due to a technical correction over London Metal Exchange prices but the market was supported by Japanese demand, one dealer said.
Published 08 Sep, 2007 12:00am
ECC to finalise measures on September 11

ECC to finalise measures on September 11

Prime Minister Shaukat Aziz has convened a meeting of Economic Coordination Committee (ECC) of the Cabinet on September 11 to finalise measures to control core food inflation, after the Supreme Court of Pakistan directed the government to submit a compreh
Published 08 Sep, 2007 12:00am
Copper substitution on the rise with elevated prices

Copper substitution on the rise with elevated prices

More and more users of copper in the construction and power industries have been responding to historically high metal prices by substituting with cheaper materials to reduce costs. If copper prices stay high, it seems the push to alternative plumbing and
Published 08 Sep, 2007 12:00am
ECC to finalise measures on September 11

ECC to finalise measures on September 11

Prime Minister Shaukat Aziz has convened a meeting of Economic Coordination Committee (ECC) of the Cabinet on September 11 to finalise measures to control core food inflation, after the Supreme Court of Pakistan directed the government to submit a compreh
Published 08 Sep, 2007 12:00am
Oil climbs on Middle East tension

Oil climbs on Middle East tension

Oil prices climbed further above $76 a barrel on Friday, just about $2 below record highs, as tension between Syria and Israel compounded supply worries after falls in US crude and gasoline inventories. US crude gained 18 cents to $76.48 a barrel, having
Published 08 Sep, 2007 12:00am
World Bank grants $100 million for Lebanon reforms

World Bank grants $100 million for Lebanon reforms

The World Bank on Friday granted more than 100 million dollars for economic reforms which Lebanon pledged to introduce at a donor conference in Paris last January. Finance Minister Jihad Azur signed the agreements on social, energy and financial reforms w
Published 08 Sep, 2007 12:00am
Jobs fall not a shock, says Paulson

Jobs fall not a shock, says Paulson

US Treasury Secretary Henry Paulson on Friday said he was not totally surprised about the decline in jobs in August given housing troubles and less government hiring, but he still sees the US economy as healthy.
Published 08 Sep, 2007 12:00am
OECD leading indicator for G7 falls in July

OECD leading indicator for G7 falls in July

The outlook for economic growth in the Group of Seven leading industrial nations is weakening and expansion in OECD member countries should continue at a cooler pace, an OECD report said on Friday.
Published 08 Sep, 2007 12:00am
CPI inflation declines in July

CPI inflation declines in July

The CPI inflation on year-on-year basis declined to 6.4 percent in July 2007 from 7.6 percent registered in July 2006 . The State Bank of Pakistan in its ''Inflation Monitor July-2007'' issued here on Friday, said that CPI food inflation increased to 8.5
Published 08 Sep, 2007 12:00am
Greenspan cites 1987 and 1998 turmoil

Greenspan cites 1987 and 1998 turmoil

Alan Greenspan, once the world's top central banker, said current credit turmoil reminded him of 1987 and 1998 market crises while policymakers in Sweden and Norway saw it curbing growth in their strong economies.
Published 08 Sep, 2007 12:00am
CPI inflation declines in July

CPI inflation declines in July

The CPI inflation on year-on-year basis declined to 6.4 percent in July 2007 from 7.6 percent registered in July 2006 . The State Bank of Pakistan in its 'Inflation Monitor July-2007' issued here on Friday, said that CPI food inflation increased to 8.5 pe
Published 08 Sep, 2007 12:00am
US payrolls post first decline in four years

US payrolls post first decline in four years

US employers cut 4,000 jobs in August, the first time in four years that monthly hiring contracted, the government said on Friday in a report certain to boost pressure on Federal Reserve policy makers to cut interest rates.
Published 08 Sep, 2007 12:00am
CPI inflation declines in July

CPI inflation declines in July

The CPI inflation on year-on-year basis declined to 6.4 percent in July 2007 from 7.6 percent registered in July 2006 . The State Bank of Pakistan in its 'Inflation Monitor July-2007' issued here on Friday, said that CPI food inflation increased to 8.5 pe
Published 08 Sep, 2007 12:00am
Malaysia unveils growth measures in budget

Malaysia unveils growth measures in budget

Malaysia's government cut corporate tax rates and property stamp duty in the 2008 Budget unveiled Friday, in an attempt to spur the economy which is imperilled by an uncertain global outlook.
Published 08 Sep, 2007 12:00am
Selling pressure grips KSE

Selling pressure grips KSE

Selling pressure continued at the Karachi share market on the second consecutive day on Friday due to prevailing uncertainty on political front and law and order situation in different parts of the country.
Published 08 Sep, 2007 12:00am
Sarkozy wrong to claim ECB rate credit: Juncker

Sarkozy wrong to claim ECB rate credit: Juncker

The eurozone finance ministers' chairman said on Friday French President Nicolas Sarkozy was neither noble nor correct to claim some of the credit for the European Central Bank's decision to keep interest rates on hold. On Thursday, Sarkozy suggested the
Published 08 Sep, 2007 12:00am
Selling pressure grips KSE

Selling pressure grips KSE

Selling pressure continued at the Karachi share market on the second consecutive day on Friday due to prevailing uncertainty on political front and law and order situation in different parts of the country.
Published 08 Sep, 2007 12:00am
German exports strong, manufacturing sluggish

German exports strong, manufacturing sluggish

Foreign demand for German goods held near record levels in July, boosting hopes exports can continue to power growth, but the country's manufacturing sector got off to a slower start than expected in the third quarter.
Published 08 Sep, 2007 12:00am
Selling pressure grips KSE

Selling pressure grips KSE

Selling pressure continued at the Karachi share market on the second consecutive day on Friday due to prevailing uncertainty on political front and law and order situation in different parts of the country.
Published 08 Sep, 2007 12:00am
Microsoft teams up in Japan to set robotics standards

Microsoft teams up in Japan to set robotics standards

Microsoft on Friday announced a tie up with Japanese humanoid maker Tmsuk in a bid to set the standard in the development of cutting-edge robots. Microsoft Corp is the unquestioned leader in computer operating systems with Windows but the growing field of
Published 08 Sep, 2007 12:00am
Ramazan moon not to be sighted on September 12

Ramazan moon not to be sighted on September 12

The new moon for Ramazan will not be sighted on September 12 (Wednesday). Therefore, Ramazan One, 1428 AH will fall on Friday next. According to astronomical parameters, there is no chance of sighting the Ramazan moon next Wednesday. The moon will cross t
Published 08 Sep, 2007 12:00am
Canada's jobs, wages unexpectedly strong

Canada's jobs, wages unexpectedly strong

Canada's fiery job market showed no sign of cooling in August and wage hikes outpaced inflation, adding pressure to the Bank of Canada as it mulls how long to hold interest rates steady amid the credit market woes.
Published 08 Sep, 2007 12:00am
Ramazan moon not to be sighted on September 12

Ramazan moon not to be sighted on September 12

The new moon for Ramazan will not be sighted on September 12 (Wednesday). Therefore, Ramazan One, 1428 AH will fall on Friday next. According to astronomical parameters, there is no chance of sighting the Ramazan moon next Wednesday. The moon will cross t
Published 08 Sep, 2007 12:00am
Australia, Russia sign uranium sale accord

Australia, Russia sign uranium sale accord

Russia on Friday joined a rush by nuclear powers for access to Australia's huge uranium reserves as President Vladimir Putin signed a landmark deal to import the strategic fuel. The agreement he signed with Prime Minister John Howard came just months afte
Published 08 Sep, 2007 12:00am
CBR not FBR until notified in official gazette

CBR not FBR until notified in official gazette

The Law and Justice Division has observed that the Central Board of Revenue (CBR) would not be taken as converted into the Federal Board of Revenue (FBR) till the relevant provisions of the FBR Act, 2007 are notified in the official gazette.
Published 08 Sep, 2007 12:00am
Emirates looks to double A380 order

Emirates looks to double A380 order

Dubai's carrier Emirates wants to double its order of 55 Airbus A380 superjumbo jets when airport capacity in its home base permits, its president said Friday. "I want to double (the number of A380s on order)" from the European aircraft maker, Tim Clark t
Published 08 Sep, 2007 12:00am
CBR not FBR until notified in official gazette

CBR not FBR until notified in official gazette

The Law and Justice Division has observed that the Central Board of Revenue (CBR) would not be taken as converted into the Federal Board of Revenue (FBR) till the relevant provisions of the FBR Act, 2007 are notified in the official gazette.
Published 08 Sep, 2007 12:00am
Indian inflation falls to 16-month low

Indian inflation falls to 16-month low

India's inflation has fallen to a 16-month low, data on Friday showed, but analysts said price pressures were still strong in the fast-growing economy and forecast monetary policy would remain hawkish.
Published 08 Sep, 2007 12:00am
CBR not FBR until notified in official gazette

CBR not FBR until notified in official gazette

The Law and Justice Division has observed that the Central Board of Revenue (CBR) would not be taken as converted into the Federal Board of Revenue (FBR) till the relevant provisions of the FBR Act, 2007 are notified in the official gazette.
Published 08 Sep, 2007 12:00am
Taiwan exports hit record high

Taiwan exports hit record high

Taiwan's exports in August rose 10.5 percent year-on-year to an all-time high of 21.40 billion US dollars, compared with an 8.2 percent rise to 21.18 billion dollars posted in July, the ministry of finance said Friday.
Published 08 Sep, 2007 12:00am
Ogra''s oil pricing powers curtailed

Ogra''s oil pricing powers curtailed

The Oil and Gas Regulatory Authority''s (Ogra) powers for oil pricing have been curtailed to a mere spectator as it can only note the change in international market for any specific fortnight and forward it to the Ministry of Petroleum, without any recomm
Published 08 Sep, 2007 12:00am
South Korea foreign exchange reserves growth shrinks in August

South Korea foreign exchange reserves growth shrinks in August

Growth in South Korea's foreign exchange reserves declined in August on weakness in non-US currencies, central bank data showed on Tuesday. South Korea's foreign exchange reserves, the world's fifth-largest, rose to $255.3 billion as of the end of August
Published 08 Sep, 2007 12:00am
Ogra's oil pricing powers curtailed

Ogra's oil pricing powers curtailed

The Oil and Gas Regulatory Authority's (Ogra) powers for oil pricing have been curtailed to a mere spectator as it can only note the change in international market for any specific fortnight and forward it to the Ministry of Petroleum, without any recomme
Published 08 Sep, 2007 12:00am
Club Mediterranee says outlook for second half mixed

Club Mediterranee says outlook for second half mixed

French tour operator Club Mediterranee said on Friday the outlook for its business in the second half was mixed as it reported flat like-for-like sales for its fiscal third quarter. Club Med said bookings in the year to September 1 were up 7 percent but s
Published 08 Sep, 2007 12:00am
Ogra's oil pricing powers curtailed

Ogra's oil pricing powers curtailed

The Oil and Gas Regulatory Authority's (Ogra) powers for oil pricing have been curtailed to a mere spectator as it can only note the change in international market for any specific fortnight and forward it to the Ministry of Petroleum, without any recomme
Published 08 Sep, 2007 12:00am
Club Mediterranee says outlook for second half mixed

Club Mediterranee says outlook for second half mixed

French tour operator Club Mediterranee said on Friday the outlook for its business in the second half was mixed as it reported flat like-for-like sales for its fiscal third quarter. Club Med said bookings in the year to September 1 were up 7 percent but s
Published 08 Sep, 2007 12:00am
Court orders arrest of Shahbaz

Court orders arrest of Shahbaz

Special Anti-Terrorism Court Judge Shabbir Hussain Chattah has issued arrest orders for former Punjab chief minister Mian Shahbaz Sharif because he was a court absconder in the Sabzazar shootout case. The court had charged Sharif with ordering the extra-j
Published 08 Sep, 2007 12:00am
SocGen declines comment on profit warning rumour

SocGen declines comment on profit warning rumour

French bank Societe Generale declined to comment on market speculation it is preparing the market for a profit warning, which traders said hit its stock on Friday. Shares in France's second-biggest listed bank fell nearly 5 percent, underperforming a weak
Published 08 Sep, 2007 12:00am
Court orders arrest of Shahbaz

Court orders arrest of Shahbaz

Special Anti-Terrorism Court Judge Shabbir Hussain Chattah has issued arrest orders for former Punjab chief minister Mian Shahbaz Sharif because he was a court absconder in the Sabzazar shootout case. The court had charged Sharif with ordering the extra-j
Published 08 Sep, 2007 12:00am
SocGen declines comment on profit warning rumour

SocGen declines comment on profit warning rumour

French bank Societe Generale declined to comment on market speculation it is preparing the market for a profit warning, which traders said hit its stock on Friday. Shares in France's second-biggest listed bank fell nearly 5 percent, underperforming a weak
Published 08 Sep, 2007 12:00am
Hariri reaching Islamabad today

Hariri reaching Islamabad today

Saad Hriri, the son of former Lebanese Prime Minster Rafique Hariri will arrive in Islamabad on Saturday, according to Aaj TV. Federal Minster for Information Muhammad Ali Durrani told Aaj TV that Saad Hariri would hold an important meeting
Published 08 Sep, 2007 12:00am
Developing countries need cover against US recession: UN

Developing countries need cover against US recession: UN

China, India and other developing countries need to take steps to protect themselves against a possible recession in the United States by lifting domestic demand, a United Nations agency report said on Wednesday.
Published 08 Sep, 2007 12:00am
Hariri reaching Islamabad today

Hariri reaching Islamabad today

Saad Hriri, the son of former Lebanese Prime Minster Rafique Hariri will arrive in Islamabad on Saturday, according to Aaj TV. Federal Minster for Information Muhammad Ali Durrani told Aaj TV that Saad Hariri would hold an important meeting
Published 08 Sep, 2007 12:00am
UMC sales up 3.78 percent

UMC sales up 3.78 percent

Taiwan's United Microelectronics Corp (UMC) said Friday its sales rose 3.78 percent in August to 10.43 billion Taiwan dollars (316 million US) from 10.05 billion dollars in July. The August sales were up 10.8 percent year-on-year, the world's second large
Published 08 Sep, 2007 12:00am
Boucher arrives amid rising political tensions

Boucher arrives amid rising political tensions

US Assistant Secretary of State Richard Boucher paid an unannounced visit to Pakistan on Friday to prepare strategic bilateral talks that are to take place amid rising political tensions in the country.
Published 08 Sep, 2007 12:00am
UMC sales up 3.78 percent

UMC sales up 3.78 percent

Taiwan's United Microelectronics Corp (UMC) said Friday its sales rose 3.78 percent in August to 10.43 billion Taiwan dollars (316 million US) from 10.05 billion dollars in July. The August sales were up 10.8 percent year-on-year, the world's second large
Published 08 Sep, 2007 12:00am
Boucher arrives amid rising political tensions

Boucher arrives amid rising political tensions

US Assistant Secretary of State Richard Boucher paid an unannounced visit to Pakistan on Friday to prepare strategic bilateral talks that are to take place amid rising political tensions in the country.
Published 08 Sep, 2007 12:00am
South Korea sends free trade pact with US to parliament

South Korea sends free trade pact with US to parliament

South Korea Friday sent a sweeping free trade pact with the United States to parliament for approval, saying it would make the economy stronger and more competitive. Prime Minister Han Duck-Soo called for quick ratification of the trade deal, which was si
Published 08 Sep, 2007 12:00am
Brazil convinced Doha round will be a success

Brazil convinced Doha round will be a success

Brazil said on Monday that the Doha round of global trade talks is not dead and that it is convinced that the negotiations will be concluded successfully. "The (Doha) round is not going to die. It is alive and well," Foreign Minister Celso Amorim told rep
Published 08 Sep, 2007 12:00am
Pledges US flexibility to spur Doha deal

Pledges US flexibility to spur Doha deal

US President George W. Bush said Friday he was ready to show flexibility to revive the moribund Doha round of world trade talks, but warned that intransigence by just a handful of countries could bring negotiations to a standstill.
Published 08 Sep, 2007 12:00am
Bush presses Asia-Pacific on trade, climate deals

Bush presses Asia-Pacific on trade, climate deals

US President George W. Bush urged the Pacific Rim's economic powerhouses on Friday to help secure elusive global deals on trade and climate change and pledged an "unshakeable" commitment to the region's security.
Published 08 Sep, 2007 12:00am
Canadian bid imminent for Auckland airport

Canadian bid imminent for Auckland airport

A Canadian pension fund said Monday it intends to bid for up to 49 percent of New Zealand's aviation hub, Auckland International Airport. The news comes after a bid by Dubai Aviation Enterprise (DAE) worth up to 2.6 billion dollars (1.82 billion US) for a
Published 08 Sep, 2007 12:00am
21 investor groups eye Philippine power grid concession

21 investor groups eye Philippine power grid concession

Twenty-one investor groups have expressed interest in bidding for the 25-year concession to operate the Philippines' power grid, a government agency said Monday. The applications were received before the August 24 deadline expired, the Power Sector Assets
Published 08 Sep, 2007 12:00am
Turkey aims to develop Iraqi gas for Nabucco

Turkey aims to develop Iraqi gas for Nabucco

Turkey's pipeline company Botas aims to develop gas fields in northern Iraq to strengthen supplies for the Nabucco pipeline project, general manager Saltuk Duzyol said on Wednesday. "As soon as the new petroleum law is enacted (in Iraq) there could be new
Published 08 Sep, 2007 12:00am
Harley-Davidson cuts profit outlook

Harley-Davidson cuts profit outlook

Harley-Davidson Inc said on Friday that 2007 earnings would come in 4 percent to 6 percent lower than last year because of a sharp slowdown in August retail sales, and the motorcycle company's shares fell as much as 9 percent.
Published 08 Sep, 2007 12:00am
Harley-Davidson cuts profit outlook

Harley-Davidson cuts profit outlook

Harley-Davidson Inc said on Friday that 2007 earnings would come in 4 percent to 6 percent lower than last year because of a sharp slowdown in August retail sales, and the motorcycle company's shares fell as much as 9 percent.
Published 08 Sep, 2007 12:00am
Japan's 'no-brand' Muji to enter US

Japan's 'no-brand' Muji to enter US

Muji, Japan's trendy "no-brand" brand of sleek but simple housing goods and clothing, will enter the United States with a store in New York. Muji, which has developed a loyal following in European and Asian cities among style-conscious young professionals
Published 08 Sep, 2007 12:00am
Moody's places KEB ratings on review for upgrade

Moody's places KEB ratings on review for upgrade

An international ratings agency said Friday it has placed Korea Exchange Bank on review for a possible upgrade after global banking giant HSBC agreed to buy a controlling stake. Moody's Investors Service said the review would consider the support that the
Published 08 Sep, 2007 12:00am
Moody's places KEB ratings on review for upgrade

Moody's places KEB ratings on review for upgrade

An international ratings agency said Friday it has placed Korea Exchange Bank on review for a possible upgrade after global banking giant HSBC agreed to buy a controlling stake. Moody's Investors Service said the review would consider the support that the
Published 08 Sep, 2007 12:00am
Philippines shares rise

Philippines shares rise

Philippines share prices closed 0.2 percent higher on Friday, lifted by strong interest in the country's largest mining company, dealers said. They said the rise, however, was weighed down by mixed signals from overseas markets and continuing concerns ove
Published 08 Sep, 2007 12:00am
Hong Kong blue chips sag

Hong Kong blue chips sag

Hong Kong blue chips fell 0.3 percent on Friday after seesawing in a narrow range as investors were cautious before a US jobs report that should provide clues on whether the Federal Reserve will cut its benchmark rate this month. Hong Kong-listed China pl
Published 08 Sep, 2007 12:00am
Industrial, pharmaceutical shares boost US stocks

Industrial, pharmaceutical shares boost US stocks

US stocks rose on Thursday, led by industrial and pharmaceutical shares, as investors turned defensive ahead of jobs data that could show how much housing and tight credit markets may have damaged the economy. Shares of General Electric Co and United Tech
Published 08 Sep, 2007 12:00am
Singapore shares slightly firmer

Singapore shares slightly firmer

Singapore share prices closed 0.66 percent higher on Friday on continued bargain-hunting in select stocks with firm fundamentals, dealers said. They said the gains followed Wall Street's latest advance after US data suggested consumer spending, and the ov
Published 08 Sep, 2007 12:00am
US Treasury prices drop

US Treasury prices drop

US Treasury debt prices dipped on Thursday as reports of a stronger-than-expected US service sector and job market reduced expectations for a deep cut in official interest rates.
Published 08 Sep, 2007 12:00am
US Treasury prices drop

US Treasury prices drop

US Treasury debt prices dipped on Thursday as reports of a stronger-than-expected US service sector and job market reduced expectations for a deep cut in official interest rates.
Published 08 Sep, 2007 12:00am
Malaysian shares up

Malaysian shares up

Malaysian shares closed up 0.5 percent on Friday in a mixed session as investors anticipated the government's 2008 budget announcement. The Kuala Lumpur Composite Index (KLCI) closed up 6.05 points at 1,304.90. Over the week, the KLCI gained 30.97 points
Published 08 Sep, 2007 12:00am
Jakarta shares soar

Jakarta shares soar

Jakarta share prices closed 0.9 percent higher on Friday led by Telkom and select mining companies on expectations of stronger second half earnings, dealers said. They said higher realised domestic and foreign investment numbers also added to the positive
Published 08 Sep, 2007 12:00am
Nikkei falls on caution ahead of US data

Nikkei falls on caution ahead of US data

The Nikkei average fell 0.8 percent on Friday as Tokyo Electron Ltd slid on concerns that weak commodity DRAM prices could hurt orders, while caution ahead of key US jobs data prompted investors to sell stocks.
Published 08 Sep, 2007 12:00am
China stocks snap record closing high

China stocks snap record closing high

Chinese stocks sank more than 2 percent on Friday after the central bank announced another monetary tightening, and amid signs that some institutional investors were cutting exposure to the market.
Published 08 Sep, 2007 12:00am
Indian shares slip

Indian shares slip

Indian share prices fell 0.17 percent on Friday on mixed Asian market trends as investors locked in gains, dealers said. They said the markets posted modest losses as investors chose not to build up fresh positions ahead of the weekend.
Published 08 Sep, 2007 12:00am
Thai shares plunge on regional falls

Thai shares plunge on regional falls

Thai share prices closed 1.03 percent lower on Friday as sentiment turned sluggish due to slumps in the Japanese and Chinese markets, dealers said. They said investors also traded with caution amid speculation over the successor to Thailand's junta leader
Published 08 Sep, 2007 12:00am
Taiwan dollar down

Taiwan dollar down

The Taiwan dollar weakened on Friday on importers and investment trust deals, although exporters selling US dollars and a rise in domestic stocks capped the fall. The Taiwan dollar ended weaker at T$33.050 to the US dollar from the previous close of T$33.
Published 08 Sep, 2007 12:00am
Yuan ends slightly down

Yuan ends slightly down

The yuan closed slightly lower against the dollar on Friday, after the Chinese central bank set a marginally lower reference rate in the wake of its latest monetary tightening.
Published 08 Sep, 2007 12:00am
Swiss franc falls on firmer markets

Swiss franc falls on firmer markets

The Swiss franc fell against the dollar on Friday, after stock markets firmed and better-than-expected US data gave traders the confidence to move away from the safe-haven franc and invest in the greenback.
Published 08 Sep, 2007 12:00am
Asian currencies steady

Asian currencies steady

Asian currencies were steady to moderately firmer on Friday as investors remained wary about credit market risks and looked to a US jobs report for clues about the Federal Reserve's next interest rate move. The high-yielding Philippine peso eased back to
Published 08 Sep, 2007 12:00am
Dollar slides versus euro

Dollar slides versus euro

The US dollar fell to a one-month low on Thursday as rising mortgage delinquency rates and an ongoing liquidity squeeze stoked fear of slower economic growth ahead of the monthly US employment report.
Published 08 Sep, 2007 12:00am
Dollar holds near one-month low

Dollar holds near one-month low

The dollar hovered near a one-month low against a basket of major currencies on Friday as investors looked to a US jobs report later in the day for signs that the housing and credit market crisis is making companies cautious.
Published 08 Sep, 2007 12:00am
Bopara out of World Twenty20

Bopara out of World Twenty20

England have called up fast bowler James Anderson to their squad for the World Twenty20 tournament in South Africa following the injury that ruled out all-rounder Ravi Bopara. Bopara, 22, dislocated and fractured the dislocated and fractured the thumb on
Published 08 Sep, 2007 12:00am
Malik confident Pakistan can achieve better results

Malik confident Pakistan can achieve better results

Pakistan skipper Shoaib Malik believes his new-look side can make an impression at the Twenty20 world championships and put their recent problems behind them. Pakistan's problems stemmed from a humiliating first-round exit at the 50-over World Cup earlier
Published 08 Sep, 2007 12:00am
Faisalabad win U-18 soccer final

Faisalabad win U-18 soccer final

Faisalabad regained the National Youth Champion of Pakistan title as both Faisalabad Yellow and Faisalabad White snatched berth in the 19th National U-18 Soccer Championship final at the Model Town Football Club (MTFC)'s colorful venue at C-Block, Model T
Published 08 Sep, 2007 12:00am
Aussies face off to coach Bangladesh

Aussies face off to coach Bangladesh

Former Zimbabwe captain Dave Houghton has pulled out of the race to be Bangladesh cricket coach, leaving two Australians in contention, the cricket board said Friday. John Harmer, who has coached the women's teams of Australia and England, and Jamie Siddo
Published 08 Sep, 2007 12:00am
UEFA fine clubs over Champions League trouble

UEFA fine clubs over Champions League trouble

European soccer's governing body UEFA has fined five clubs over crowd trouble during the final qualifying round for the Champions League. Belgium's Anderlecht were hardest hit as UEFA fined them 20,000 Swiss francs ($16,526) after fans threw missiles and
Published 08 Sep, 2007 12:00am
Djokovic and Ferrer set up semi-final showdown

Djokovic and Ferrer set up semi-final showdown

Serb shot-maker Novak Djokovic and Spanish grafter David Ferrer on Thursday set up a US semi-final showdown for a possible challenge to top seed and defending champion Roger Federer. Djokovic, the 20-year-old revelation of the year, showed remarkable comp
Published 08 Sep, 2007 12:00am
Shoaib Akhtar sent back after bust up

Shoaib Akhtar sent back after bust up

Pakistan's Shoaib Akhtar has been sent home from the Twenty20 World Cup in South Africa after a bust up with team mate Mohammad Asif. The incident, described as a "shameful episode" by Pakistan Cricket Board (PCB) chairman Dr Nasim Ashraf, occurred in the
Published 08 Sep, 2007 12:00am
Islamists set for gains in Morocco vote

Islamists set for gains in Morocco vote

Moroccans voted on Friday in parliamentary polls expected to show gains for moderate Islamists pushing an anti-corruption message to voters seeking more vigorous efforts to fight poverty.
Published 08 Sep, 2007 12:00am
Hollywood gets serious as Venice festival winds up

Hollywood gets serious as Venice festival winds up

Hollywood has turned serious with one eye on the Oscars in February, but it is elsewhere the jury may look when choosing which of 23 competition entries at the Venice film festival wins the Golden Lion on Saturday.
Published 08 Sep, 2007 12:00am
No sign of Fossett as fifth day of search planned

No sign of Fossett as fifth day of search planned

Air crews planned to search a vast area of the Nevada and California desert for a fifth day on Friday in the hope of spotting missing US adventurer Steve Fossett. Two aircraft equipped with infrared technology flew throughout Thursday night looking for th
Published 08 Sep, 2007 12:00am
Myanmar junta blames exiles for unrest

Myanmar junta blames exiles for unrest

Myanmar's ruling generals accused exile dissident groups on Friday of fomenting two weeks of rare protests and signalled no let up in efforts to crush them despite harsh US and European Union criticism.
Published 08 Sep, 2007 12:00am
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