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Print - 2007-09-22
Vodafone brand makes India debut

Vodafone brand makes India debut

Leading global mobile provider Vodafone began using its own name across India on Friday following its purchase of an Indian cellular firm, rolling out what the British company said was one of the world's biggest rebranding campaigns.
Published 22 Sep, 2007 12:00am
EU clashes with US over airline emissions trade

EU clashes with US over airline emissions trade

The European Union will press ahead with plans to include aviation in its emissions trading system despite United States' efforts through a UN body to discourage it, a spokeswoman for the EU executive said on Friday.
Published 22 Sep, 2007 12:00am
Deals worth $3 billion signed at Russia forum

Deals worth $3 billion signed at Russia forum

Construction deals for southern Russia worth a total of 2.2 billion euros (3.0 billion dollars) were signed on Friday at an economic forum in the city of Sochi, officials said. The deals for hotels, entertainment complexes and shopping centres to be built
Published 22 Sep, 2007 12:00am
Russia to spend $1 trillion on infrastructure

Russia to spend $1 trillion on infrastructure

Russian President Vladimir Putin said on Friday private investors, including foreigners, would have a major role in a $1 trillion programme planned to modernise Russian industry and infrastructure.
Published 22 Sep, 2007 12:00am
Dubai to use Nasdaq brand across Middle East, South Asia

Dubai to use Nasdaq brand across Middle East, South Asia

Nasdaq will take a 33 percent stake in the Dubai International Financial Exchange, invest a further $50 million and allow Dubai to use its name in the Middle East, North Africa and South Asia, Borse Dubai said.
Published 22 Sep, 2007 12:00am
Turkish insurer, pension firm sale on track

Turkish insurer, pension firm sale on track

A partial or complete sale of Turkish insurer Ankara Sigorta and pension firm Ankara Emeklilik should be completed in one or two months, the general manager of both companies told Reuters on Thursday.
Published 22 Sep, 2007 12:00am
Holcim to meet targets despite US slowdown

Holcim to meet targets despite US slowdown

Swiss cement maker Holcim Ltd is confident it will meet its targets this year despite expecting a slowdown in US cement consumption, the group's chief executive told Reuters on Thursday.
Published 22 Sep, 2007 12:00am
Holcim to meet targets despite US slowdown

Holcim to meet targets despite US slowdown

Swiss cement maker Holcim Ltd is confident it will meet its targets this year despite expecting a slowdown in US cement consumption, the group's chief executive told Reuters on Thursday.
Published 22 Sep, 2007 12:00am
HSBC China property fund braves competition, rules

HSBC China property fund braves competition, rules

A US $700 million property fund raised by HSBC expects returns of 20-25 percent from buying offices in China's major cities and building housing in up-and-coming provincial cities, its manager said on Thursday.
Published 22 Sep, 2007 12:00am
China to tap global uranium market for nuclear expansion

China to tap global uranium market for nuclear expansion

China plans to tap the global uranium market to feed the rapid expansion of its nuclear power sector, a top economic planner said on Thursday, although strong demand for the metal has pushed prices above historical levels.
Published 22 Sep, 2007 12:00am
Greece faces real chance of demotion: FTSE

Greece faces real chance of demotion: FTSE

Greece faces a serious chance of demotion to advanced emerging market status and has a long way to go to retain its current developed designation, the chief executive of global index compiler FTSE said on Thursday.
Published 22 Sep, 2007 12:00am
CIT steps up expansion in China amid US squeeze

CIT steps up expansion in China amid US squeeze

US commercial and consumer lending company CIT Group Inc, hit by the crisis in the US mortgage market, said on Thursday it would accelerate expansion into international markets such as China. The crisis "will enhance our strategy to grow outside of the Un
Published 22 Sep, 2007 12:00am
Pernod Ricard keeping wary eye on economy

Pernod Ricard keeping wary eye on economy

Pernod Ricard has a cautious view on how economies might develop in light of the turmoil in credit markets, but it has seen no signs of slowdown yet, Managing Director Pierre Pringuet told Reuters on Thursday.
Published 22 Sep, 2007 12:00am
India Reliance Energy eyes coal mines abroad

India Reliance Energy eyes coal mines abroad

India's No 2 private power producer, Reliance Energy Ltd, is scouting for coal mines overseas and sees infrastructure projects such as road and rail as key growth drivers, a senior official said on Thursday. A strong growth outlook sent its shares up as m
Published 22 Sep, 2007 12:00am
Rotary eyes Exxon Singapore contracts

Rotary eyes Exxon Singapore contracts

Rotary Engineering, a Singapore oil and gas infrastructure services firm, said it expects to win contracts worth up to S$300 million ($199 million) from oil major Exxon Mobil in Singapore. The company also plans to invest up to S$30 million (US $20 millio
Published 22 Sep, 2007 12:00am
'High coffee prices to stay'

'High coffee prices to stay'

Finland's largest coffee roaster Paulig said on Thursday it expected coffee prices to stay high even with good crops from world's two key producers, Brazil and Vietnam. Brazil, the world's number one producer, has suffered from a long dry period which may
Published 22 Sep, 2007 12:00am
Indian shares gain 1.32 percent to new record close

Indian shares gain 1.32 percent to new record close

Indian share prices rose 1.32 percent to a third straight record close on Friday on sustained overseas fund buying in benchmark stocks, dealers said. They said sentiment improved as India's inflation fell to a near five year low of 3.32 percent for the we
Published 22 Sep, 2007 12:00am
Thai shares close 1.97 percent higher

Thai shares close 1.97 percent higher

Thai share prices closed 1.97 percent higher on Friday as investors chased gains in energy-linked stocks in line with rising world oil prices, dealers said. They said the market rose on steady buying of banking shares. The Stock Exchange of Thailand (SET)
Published 22 Sep, 2007 12:00am
Inflation worries push US stocks lower

Inflation worries push US stocks lower

US stocks fell on Thursday as a weakened dollar and a surge in oil prices kindled fresh concerns about inflation, snuffing out a two-day rally that followed the Federal Reserve's deep interest-rate cut. Initial optimism that the Fed's aggressive move woul
Published 22 Sep, 2007 12:00am
Malaysian shares fall

Malaysian shares fall

Malaysian share prices closed down 0.2 percent on Friday in a mixed market as losses due to profit-taking on blue chips were limited by gains in plantation, oil and gas stocks, dealers said. Trading was cautious after Federal Reserve chairman Ben Bernanke
Published 22 Sep, 2007 12:00am
US Treasury prices plunge

US Treasury prices plunge

US Treasuries fell on Thursday as traders interpreted the mix of looser monetary policy, firmer economic data and record high oil prices as a dangerous cocktail that would eventually turn inflationary.
Published 22 Sep, 2007 12:00am
US Treasury prices plunge

US Treasury prices plunge

US Treasuries fell on Thursday as traders interpreted the mix of looser monetary policy, firmer economic data and record high oil prices as a dangerous cocktail that would eventually turn inflationary.
Published 22 Sep, 2007 12:00am
Philippines shares decline

Philippines shares decline

Philippines share prices closed 0.5 percent lower on Friday as investors took profits amid fresh concerns about the health of the US economy and surging oil prices, dealers said. The Philippine Stock Exchange composite index fell 18.65 points to 3,423.73
Published 22 Sep, 2007 12:00am
Taiwan stocks finish at six-week high

Taiwan stocks finish at six-week high

Taiwan shares rose 1.4 percent on Friday to their highest close in six weeks, as investors largely ignored a rate hike by Taiwan's central bank and bought small-cap growth issues such as Taiwan Cement. The main TAIEX ended up 122.25 points at 9,105.28, ex
Published 22 Sep, 2007 12:00am
Tokyo stocks tumble on exporters

Tokyo stocks tumble on exporters

Japanese stocks slipped on Friday, weighed down by selling of exporters such as Canon Inc as the yen edged up against the dollar, with the Nikkei average closing down 0.6 percent. Consumer lending firms such as Aiful Corp took a beating in the wake of Thu
Published 22 Sep, 2007 12:00am
Jakarta shares jump

Jakarta shares jump

Indonesian share prices closed 1.3 percent higher on Friday led by miners and plantation stocks on hopes of strong earnings this year on the back of rising commodity prices, dealers said. The Jakarta Stock Exchange composite index closed up 30.86 points a
Published 22 Sep, 2007 12:00am
Hong Kong stocks hit third straight record

Hong Kong stocks hit third straight record

Hong Kong blue chips shook off morning losses to gain 0.6 percent in their third-straight record on Friday, as investors chased Hong Kong Exchanges and Clearing Ltd (HKEx) on the back of ample fund flows chasing the China growth story.
Published 22 Sep, 2007 12:00am
Yuan hits post-reval high

Yuan hits post-reval high

China's yuan hit a fresh post-revaluation high against the dollar on Friday, but dealers saw this as a response to the US currency's weakness abroad rather than a sign that yuan appreciation would accelerate.
Published 22 Sep, 2007 12:00am
Dollar slides to 31-year low

Dollar slides to 31-year low

The dollar tumbled further on Friday, hitting a 31-year low against the Canadian dollar and edging near a record low against the euro as investors dumped the US currency after the Federal Reserve's aggressive rate cut this week.
Published 22 Sep, 2007 12:00am
US dollar sinks to lifetime low

US dollar sinks to lifetime low

The dollar tumbled to a record low against the euro on Thursday and hit parity with Canada's currency for the first time since 1976 as investors braced for further Federal Reserve interest rate cuts after this week's sharp reduction.
Published 22 Sep, 2007 12:00am
Australian dollar climbs up

Australian dollar climbs up

The Australian dollar spiked to eight week highs on a struggling US dollar on Friday, having rallied almost five cents in the last few days as funds poured back into riskier investments. Aussie smashed past resistance at 86.63 US cents on heavy investment
Published 22 Sep, 2007 12:00am
Asian currencies on back foot

Asian currencies on back foot

Sluggish equity markets and the fear of central bank intervention capped Asian currencies on Friday, even though the US dollar extended its decline against the euro, yen and other major currencies. The dollar languished at $1.4080 per euro, close to Thurs
Published 22 Sep, 2007 12:00am
Swiss franc rises

Swiss franc rises

The Swiss franc hovered close to a 2-1/2-year high against the dollar on Friday as support for the US currency continued to give way after the US Federal Reserve's interest rate cut earlier this week. A 50 basis point cut in the fed funds rate on Tuesday
Published 22 Sep, 2007 12:00am
Ponting cleared for tour of India

Ponting cleared for tour of India

Australia captain Ricky Ponting will remain with the squad for their one-day tour of India despite suffering from a hamstring injury, Cricket Australia said. Ponting has been ruled out of the rest of the current Twenty20 World Cup in South Africa but will
Published 22 Sep, 2007 12:00am
Roddick beats Johansson as US lead Sweden

Roddick beats Johansson as US lead Sweden

Andy Roddick did just enough to beat Joachim Johansson 7-6 7-6 6-3 to give the United States a 1-0 lead over Sweden in their Davis Cup semi-final on Friday. In a battle of giant servers, with neither player broken in the first two sets, Roddick made the m
Published 22 Sep, 2007 12:00am
Chokers? Blame it on format, insists Graeme Smith

Chokers? Blame it on format, insists Graeme Smith

South African captain Graeme Smith dismissed renewed barbs of "chokers" after his team crashed out of the Twenty20 Worlds, saying it was the tournament format that did them in. The hosts left their entire nation stunned after crashing to a 37-run defeat a
Published 22 Sep, 2007 12:00am
Dhoni and Yuvraj set for semi-final

Dhoni and Yuvraj set for semi-final

Captain Mahendra Singh Dhoni and key batsman Yuvraj Singh will take the field in Saturday's Twenty20 semi-final against Australia after recovering from injuries. Yuvraj missed Thursday's crucial encounter against South Africa due to tendonitis in his left
Published 22 Sep, 2007 12:00am
Djokovic puts Serbia 1-0 up against Australia

Djokovic puts Serbia 1-0 up against Australia

World No 3 Novak Djokovic got Serbia off to a winning start against Australia in a crucial Davis Cup World Group play-off here with a straight sets win over Peter Luczak. Playing for the first time since reaching the US Open final earlier this month, Djok
Published 22 Sep, 2007 12:00am
Davenport, Jankovic set up grudge match in Beijing

Davenport, Jankovic set up grudge match in Beijing

Comeback mum Lindsay Davenport struggled through a rough opening set on Friday against Elena Dementieva before taking charge to win the match and book a spot in the semi-finals at the China Open.
Published 22 Sep, 2007 12:00am
Britain's counter-terror chief to retire

Britain's counter-terror chief to retire

Britain's top counter-terrorism detective, who led the probe into the 2005 suicide bombings in London and a number of other high-profile alleged security cases, is to retire, his force said Friday.
Published 22 Sep, 2007 12:00am
Moroccan Islamists may join government

Moroccan Islamists may join government

Morocco's Islamist opposition held out the possibility of joining the next government on Friday, even after a veteran politician from the outgoing secular coalition was named as the new prime minister.
Published 22 Sep, 2007 12:00am
Castro caps all the fad in Cuba

Castro caps all the fad in Cuba

Cuban leader Fidel Castro may have dropped out of sight, but his trademark green military cap is everywhere. Nearly 49 years after Castro's socialist revolution, the Fidel cap is selling like hot cakes to tourists visiting Cuba, and more and more young Cu
Published 22 Sep, 2007 12:00am
Sierra Leone's new leader seeks deeper regional ties

Sierra Leone's new leader seeks deeper regional ties

Sierra Leone's President Ernest Bai Koroma on Friday embarked on his first foreign trip since taking office this week, heading to neighbouring Guinea and Liberia to promote ties damaged by more than a decade of war.
Published 22 Sep, 2007 12:00am
Al Qaeda German mouthpiece resurfaces on the Web

Al Qaeda German mouthpiece resurfaces on the Web

A German-language mouthpiece for al Qaeda has re-emerged on the Internet, vowing to defy the authorities despite this month's arrest of suspects linked to it in Austria and Canada.
Published 22 Sep, 2007 12:00am
UN's Arbour urges Israel to show restraint on Gaza

UN's Arbour urges Israel to show restraint on Gaza

UN High Commissioner for Human Rights Louise Arbour urged Israel on Friday to exercise restraint in its dealings with the Hamas-led Gaza Strip. In a statement voicing concern at Israel's decision on Wednesday to declare Gaza an "enemy entity", Arbour said
Published 22 Sep, 2007 12:00am
South Korea plays down nuclear proliferation concerns

South Korea plays down nuclear proliferation concerns

South Korea on Friday played down concerns about North Korea's suspected nuclear proliferation, saying six-party disarmament talks were already addressing the issue. Foreign Minister Song Min-Soon told reporters the South Korean government was "paying hee
Published 22 Sep, 2007 12:00am
China installs Catholic bishop

China installs Catholic bishop

A state-approved Catholic bishop of Beijing was installed to applause from parishioners on Friday in a tightly orchestrated ceremony that was subsequently endorsed by the Vatican, in a sign of a thaw in relations.
Published 22 Sep, 2007 12:00am
Thousands march in Yangon as pressure mounts on Myanmar

Thousands march in Yangon as pressure mounts on Myanmar

At least 3,000 people led by Buddhist monks marched along flooded streets in Yangon on Friday, piling pressure on Myanmar's ruling junta in the most sustained challenge to its rule in nearly 20 years.
Published 22 Sep, 2007 12:00am
Lebanon buries assassinated MP, president vote urged

Lebanon buries assassinated MP, president vote urged

An assassinated anti-Syrian Christian lawmaker was buried on Friday after thousands of mourners marched behind his coffin in east Beirut, waving flags and throwing rice and flowers at his funeral procession.
Published 22 Sep, 2007 12:00am
Taiwan won't host Olympic torch

Taiwan won't host Olympic torch

The Olympic torch will not stop in Taiwan en route to the Beijing Games in 2008, Taiwanese officials said on Friday after talks broke down with China which considers the self-ruled island its sovereign territory.
Published 22 Sep, 2007 12:00am
Ban Ki-moon calls for one-day ceasefire

Ban Ki-moon calls for one-day ceasefire

UN chief Ban Ki-moon marked the International Day of Peace here Friday by calling for a one-day ceasefire in all conflicts around the world. He also appealed to people around the world to observe a minute of silence at noon (1600 GMT) Friday.
Published 22 Sep, 2007 12:00am
Less rigid new climate deal may draw big emitters

Less rigid new climate deal may draw big emitters

A new deal to fight climate change from 2013 should be less rigid than the UN's Kyoto Protocol but it may still be hard to attract outsiders like China and the United States, the biggest greenhouse gas emitters, experts say.
Published 22 Sep, 2007 12:00am
Cholera spreads to Baghdad: WHO

Cholera spreads to Baghdad: WHO

A cholera outbreak in Iraq has reached the capital, Baghdad, where one case has been confirmed, the World Health Organisation said Friday. Laboratory tests confirmed on Wednesday that a 25 year-old woman was suffering from the disease, WHO spokewoman Fade
Published 22 Sep, 2007 12:00am
French soldier, 40 rebels killed

French soldier, 40 rebels killed

A French soldier died in a suicide blast in Kabul and around 40 Taliban rebels were killed elsewhere Friday as hundreds of Afghans rallied for an end to violence on the UN's International Day of Peace. An Afghan official said meanwhile that six civilians
Published 22 Sep, 2007 12:00am
Student arrested with fake bomb at Boston airport

Student arrested with fake bomb at Boston airport

A 19-year-old female student was arrested at gunpoint at Boston airport on Friday after walking into the terminal with a fake bomb strapped to her chest, according to US media reports.
Published 22 Sep, 2007 12:00am
Hindu god row escalates in India

Hindu god row escalates in India

A state leader in India dismissed a deity worshipped by millions as a "big lie", deepening a highly sensitive row over plans to dredge a shipping lane through an area sacred to Hindus.
Published 22 Sep, 2007 12:00am
Sterling strengthens

Sterling strengthens

Sterling strengthened on Friday, as investors betting against the currency locked in profits ahead of the weekend from the pound's slide to a 1-1/2 year low against the euro beyond 70 pence this week.
Published 22 Sep, 2007 12:00am
Euro drifts lower in London

Euro drifts lower in London

The euro edged lower against the dollar on Friday after weaker-than-expected eurozone manufacturing data for September dragged the currency from a fresh record high. The eurozone report helped the dollar recover from 15-year lows against basket of major c
Published 22 Sep, 2007 12:00am
Indian rupee at nine-year high

Indian rupee at nine-year high

The Indian rupee fought shy of rising past a nine-year high of 39.85 per dollar on Friday despite investors' appetite for the higher yielding currency as suspected central bank intervention and demand from oil importers capped gains.
Published 22 Sep, 2007 12:00am
Bonds: iTraxx Crossover index tightens

Bonds: iTraxx Crossover index tightens

European credit spreads tightened on Friday, staging a strong end to a week in which sentiment has been lifted by a US rate cut and solid earnings from Goldman Sachs and Lehman Brothers.
Published 22 Sep, 2007 12:00am
Bonds: iTraxx Crossover index tightens

Bonds: iTraxx Crossover index tightens

European credit spreads tightened on Friday, staging a strong end to a week in which sentiment has been lifted by a US rate cut and solid earnings from Goldman Sachs and Lehman Brothers.
Published 22 Sep, 2007 12:00am
Singapore shares lower

Singapore shares lower

Singapore share prices closed down 0.29 percent on Friday amid continued caution about the outlook for the US economy given record-high oil prices and a weaker dollar, dealers said. Remarks by Federal Reserve chairman Ben Bernanke that US home mortgage de
Published 22 Sep, 2007 12:00am
US Stocks: Friday's afternoon trade

US Stocks: Friday's afternoon trade

US stocks gained on Friday as stronger-than-expected results from software maker Oracle Corp and Nike Inc brightened the profit outlook. Oracle's shares rose 4.1 percent to $21.91 on Nasdaq after its earnings and revenue topped analysts' estimates and Cit
Published 22 Sep, 2007 12:00am
Chinese shares close lower

Chinese shares close lower

Chinese stocks fell on Friday after the securities regulator said it would consider on Monday an IPO proposal by oil giant PetroChina, part of a string of offers designed to cool the market with supplies of fresh equity.
Published 22 Sep, 2007 12:00am
FTSE climbs as bid talk buoys Northern Rock

FTSE climbs as bid talk buoys Northern Rock

The FTSE 100 of Britain's leading shares ended 0.4 percent higher on Friday as high precious metal prices pushed mining stocks up, while Northern Rock buoyed financials on bid speculation. The main blue chip index ended up 27.7 points at 6,456.7 as an upb
Published 22 Sep, 2007 12:00am
Rice dispute: WTO panel sides with US against Turkey

Rice dispute: WTO panel sides with US against Turkey

A World Trade Organisation (WTO) panel said on Friday that Turkey unfairly restricted imports of rice and discriminated against them, in a case brought by the United States. The United States had protested that Turkey was not granting certificates to impo
Published 22 Sep, 2007 12:00am
London coffee, sugar and cocoa fall

London coffee, sugar and cocoa fall

London robusta coffee futures fell on profit-taking on Friday, pressured by weakness in arabicas on talk of coming rains in Brazil, while white sugar fell on profit-taking and producer selling, dealers said.
Published 22 Sep, 2007 12:00am
Oil slips as recovery from US Gulf storm eyed

Oil slips as recovery from US Gulf storm eyed

Oil slipped below $82 on Friday as energy companies prepared to return workers to the offshore Gulf of Mexico after a storm triggered evacuations and production cuts earlier in the week. Some 62.7 percent of the Gulf's oil production was shut by the foul
Published 22 Sep, 2007 12:00am
Ukraine produces 27,500 tonnes white sugar

Ukraine produces 27,500 tonnes white sugar

Ukrainian sugar refineries have produced 27,500 tonnes of white sugar from the 2007 sugar beet crop by September 19, or 29 percent more than at the same date in 2006, producers said on Friday. Mills started beet sugar production in early September. Sugar
Published 22 Sep, 2007 12:00am
New York cotton futures settle at two-month high

New York cotton futures settle at two-month high

Cotton futures finished on Friday at a two-month top on speculative fund buying and analysts said the market's momentum will allow it to punch higher next week. ICE Futures open-outcry December cotton contract soared 1.21 cents to end at 66.08 cents per l
Published 22 Sep, 2007 12:00am
Copper touches eight-week high

Copper touches eight-week high

Copper climbed above the key $8,000 level on Friday, touching an 8-week high, but analysts said worries about Chinese demand and economic growth in the United States could cap further gains. Stronger sentiment in base metals and equity markets helped Lond
Published 22 Sep, 2007 12:00am
European gold hits another 28-year high

European gold hits another 28-year high

Gold hit a 28-year high in Europe on Friday as the dollar's continued slide to record lows versus the euro raised the metal's appeal to speculative investors. Prices later eased as some investors pocketed profits, but overall sentiment remained bullish, t
Published 22 Sep, 2007 12:00am
US MIDDAY: wheat rises

US MIDDAY: wheat rises

Wheat futures at all three US grain exchanges were strong early Friday on fresh US export business to Iraq and Algeria, traders said. CBOT December wheat was up 7-1/4 cents at $8.57-1/4 per bushel by 9:34 am CDT. Kansas City and Minneapolis December contr
Published 22 Sep, 2007 12:00am
US MIDDAY: corn up

US MIDDAY: corn up

Chicago Board of Trade corn futures were expected to open 1-2 cents per bushel higher on Friday, in line with overnight gains and buoyed by both export demand and talk that soya and wheat may steal 2008 corn acres.
Published 22 Sep, 2007 12:00am
US MIDDAY: soyabeans rebound

US MIDDAY: soyabeans rebound

Chicago Board of Trade soyabeans began recovering from their earlier sell-off on Friday, with the January contract bouncing back over $10 per bushel as the CBOT nearby wheat contracts rallied more than 25 cents per bushel.
Published 22 Sep, 2007 12:00am
US MIDDAY: copper soars

US MIDDAY: copper soars

US copper futures rose to their highest nine weeks at Friday's open, with tighter supply/demand fundamentals adding to a post-Fed rally that saw the red metal climb over seven percent on the week, analysts said.
Published 22 Sep, 2007 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Bullish sentiment sent US gold futures higher early on Friday, extending the previous session's gains on inflation fears as crude oil again hit record highs and as the dollar continued to slump against the euro.
Published 22 Sep, 2007 12:00am
Black marketing in Ramazan

Black marketing in Ramazan

This year, the traditional black marketing in Ramazan started much before Ramazan and broke previous records of lawlessness, challenging the writ of government.
Published 22 Sep, 2007 12:00am
Will they do so?

Will they do so?

Opposition parties' latest alliance, All Parties Democratic Movement (APDM) has announced that their parliamentarians will quit their seats in the assemblies the moment nomination papers of General Pervez Musharraf for contesting the presidential election
Published 22 Sep, 2007 12:00am
Tokyo's neon lights to dim as Japan ages

Tokyo's neon lights to dim as Japan ages

In a leafy Tokyo suburb, a landlord visits his tenant only to discover a skeleton inside the apartment. The tenant had died three years before. None of the neighbours had noticed the man was missing. His bank kept on making rent payments until his account
Published 22 Sep, 2007 12:00am
Time to ensure foreign workers' security

Time to ensure foreign workers' security

Three major Chinese oil and gas service companies have refused to sign new contracts for seismic surveys and supply of rigs in Pakistan, said a recent report in the Business Recorder.
Published 22 Sep, 2007 12:00am
Another power tariff raise in offing?

Another power tariff raise in offing?

Expressing its inability to advance any subsidy or financial assistance to Wapda in future, the Finance Ministry has asked the utility to raise power tariff by 23 percent for its consumers in order to ease the financial crunch it is experiencing, says a <
Published 22 Sep, 2007 12:00am
PTCL carrying out repair work of damaged lines

PTCL carrying out repair work of damaged lines

Pakistan Telecommunication Limited (PTCL) is carrying out repair work of PTCL lines that were cut down by thieves after breaking manhole cover of the cable near Rado Centre in a bid to steal the cable that affected 4,000 telephone lines of the utility in
Published 22 Sep, 2007 12:00am
One held, 40 kg charas seized

One held, 40 kg charas seized

Excise Police of Khairpur seized 40 kilograms of charas from a wagon at Rasool Abad Bypass, which was packed in secret cavities. Driver Muhammad Yousuf Niazi, who hails from Quetta, was arrested. Inspector Sajjad Ali Shah informed newsmen on Friday that t
Published 22 Sep, 2007 12:00am
No flour crisis in the country: USC

No flour crisis in the country: USC

The number of utility stores has been increased to 3000 across the country in order to overcome the prevalent flour crisis. Now the flour is available at Rs 13 per kg at all the utility stores working on "no profit no loss" basis.
Published 22 Sep, 2007 12:00am
Minfal prepares special programme for food security

Minfal prepares special programme for food security

Ministry of Food, Agriculture and Livestock (Minfal) has prepared a new comprehensive special programme for food security and productivity enhancement of small farmers in 1,012 villages of the country through crop maximisation project-I.
Published 22 Sep, 2007 12:00am
Government's intervention sought to pull out textile sector from crisis

Government's intervention sought to pull out textile sector from crisis

Chairman Pakistan Textile Exporters Association (PTEA) Mian Zahid Aslam has said that textile Industry was facing severe crisis as dozens of mills had closed down and thousands of workers had been rendered un-employed and millions of rupees investment had
Published 22 Sep, 2007 12:00am
NWFP minister for financial strengthening of 12 TMAs

NWFP minister for financial strengthening of 12 TMAs

The NWFP government has ordered concrete measures to strengthen the financially weak Town Municipal Administrations (TMAs). The sub-committee of the cabinet with the Provincial Minister for Local Government and Rural Development Sardar Muhammad Idrees met
Published 22 Sep, 2007 12:00am
Lawyers burn Musharraf effigy

Lawyers burn Musharraf effigy

The Pakistan Muslim League-Nawaz (PML-N) lawyers forum condemned President Pervez Musharraf for trying to be re-elected as the president burned his effigy at the Lahore High Court Bar premises.
Published 22 Sep, 2007 12:00am
LHC bar plans anti-Musharraf movement moot

LHC bar plans anti-Musharraf movement moot

The Lahore High Court (LHC) Bar Association will organise a all Pakistan representative conference on September 22 at Karachi Hall of the bar. Presidents, secretaries of the district and tehsil bars, vice chairmen of bar councils from all over of Pakistan
Published 22 Sep, 2007 12:00am
Ramazan bazaars: people dissatisfied over quality of items

Ramazan bazaars: people dissatisfied over quality of items

The rate of essential food items increase every year in Ramazan but the price-hike this year has gone out of the administration's control. Like previous years, this year government has also made arrangements for Ramazan bazaars for the availability of che
Published 22 Sep, 2007 12:00am
'Prices of daily use items should be reduced in Ramazan'

'Prices of daily use items should be reduced in Ramazan'

Pakistani expatriates who have come here for the holidays obtained for Ramazan from the Gulf counties specially from Saudi Arabia have voiced their total dismay and disgust over the practices of local traders, retailers and the vegetable and fresh fruit t
Published 22 Sep, 2007 12:00am
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