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Apr 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-11-26
TSE says no cash for capital ties before IPO

TSE says no cash for capital ties before IPO

The Tokyo Stock Exchange is on track to list its own shares in 2009, but capital tie-ups with other exchanges are unlikely before then as the bourse has no money for such investments, its president said on November 22.
Published 26 Nov, 2007 12:00am
Sharp fluctuation on grain sector in thin trade

Sharp fluctuation on grain sector in thin trade

Prices on the commodity wholesale markets rose generally and in some cases sharply during the week ended on November 24, 2007. The commodities like wheat, gram, barley, til rose white plastic and rice depicted mixed trend. Tea elsewhere and sugar dropped
Published 26 Nov, 2007 12:00am
Aitzaz and others file nomination papers

Aitzaz and others file nomination papers

Pakistan People's Party leader and Supreme Court Bar Association president Chaudhry Aitzaz Ahsan, who was shifted from Adiala Jail to his Zaman Park residence here on Saturday, filed nomination papers on Sunday for the National Assembly seat NA-124.
Published 26 Nov, 2007 12:00am
Playing politics with financial management

Playing politics with financial management

Strange are the ways of politics in Pakistan. It is now becoming clearer by the day that the outgoing government, headed by Shaukat Aziz, kept on postponing some of the decisions which were sure to damage his image as a paragon of sound economic and finan
Published 26 Nov, 2007 12:00am
Bureaucracy's wayward behaviour

Bureaucracy's wayward behaviour

That our bureaucracy thinks its raison d'être is to serve its political masters rather than the public, is an unsavoury reality. Now that the political system is in a state of transition under a caretaker set-up and there is little to be gained from curry
Published 26 Nov, 2007 12:00am
Economic growth in military regimes

Economic growth in military regimes

Pakistan's economic spectrum is a blend of characteristically different epochs more popularly known as early years (1947-58), first military regime (1958-69), ZAB period (1971-77), second military regime (1977-88), structural adjustment era (1988-99) and
Published 26 Nov, 2007 12:00am
India's greening industries lead in world carbon credit game

India's greening industries lead in world carbon credit game

Two years after the Kyoto Protocol entered into force in 2005, India has emerged as the most active seller of carbon credits worldwide, with many of the country's firms implementing eco- friendly systems of production and going "green."
Published 26 Nov, 2007 12:00am
Rover's Diary: clues to pre-poll rigging

Rover's Diary: clues to pre-poll rigging

Two questions are agitating the minds of the Pakistanis: One, should the opposition contest or boycott the January elections? And second, would the forthcoming elections be rigged?
Published 26 Nov, 2007 12:00am
US Consulate on the move

US Consulate on the move

The above article, appearing in your weekend issue of November 17, 2007, makes very interesting reading. Granted that the relocation of US Consulate to its new site on M.T. Khan Road, will greatly facilitate the people - visits to Frere Hall that we misse
Published 26 Nov, 2007 12:00am
'BB's rhetoric'

'BB's rhetoric'

PPP Life Chairperson and twice Prime Minister Mohtarma Benazir Bhutto is going to complete one month of her return to Pakistan ending her 8 years long self-exile on November 18. Her return home was facilitated by promulgation of a presidential ordinance t
Published 26 Nov, 2007 12:00am
Rs 880 million Sialkot-Wazirabad carriageway in doldrums

Rs 880 million Sialkot-Wazirabad carriageway in doldrums

People belonging to various walks of life especially the exporter community has expressed deep concern over the slow pace of construction work on Rs880 million Sialkot-Wazirabad road. Only 40 percent work on this 37-kilometer long road had so far been com
Published 26 Nov, 2007 12:00am
PSP chief for boycott of elections

PSP chief for boycott of elections

The Chief of Pakistan Seraiki Party (PSP), Barrister Taj Muhammad Khan Langah on Sunday had urged all opposition parties to boycott the elections launch movement against the military dictator President General Pervez Musharraf.
Published 26 Nov, 2007 12:00am
PPP leader joins PML-F

PPP leader joins PML-F

The Pakistan People's Party (PPP) leader and Member, Punjab Bar Council, Rais Mumtaz Mustafa Advocate has joined the Pakistan Muslim League (Functional). He made this announcement at Jamal Din Wali in presence of the Provincial President of PML-F, Makhdoo
Published 26 Nov, 2007 12:00am
Syria accepts invitation

Syria accepts invitation

Syria on Sunday accepted a US invitation to a peace conference in Annapolis and named Deputy Foreign Minister Fayssal al-Mekdad as head of its delegation. The official news agency said Syria had decided to go after receiving a copy of the agenda stating t
Published 26 Nov, 2007 12:00am
'Lebanon left with no executive'

'Lebanon left with no executive'

The powerful Syrian-backed opposition party Hezbollah on Sunday contested the Western-backed government's decision to take charge of running Lebanon amid a presidential vacuum.
Published 26 Nov, 2007 12:00am
Baghdad car bomb kills nine

Baghdad car bomb kills nine

A suicide car bomb killed nine people near the Iraqi Health Ministry in central Baghdad on Sunday, security spokesman Brigadier-General Qassim Moussawi said. Moussawi said 30 people were wounded by the bomb, which detonated near street vendors close to th
Published 26 Nov, 2007 12:00am
Iran says IAEA closes more files over atomic work

Iran says IAEA closes more files over atomic work

Iran said on Sunday the UN nuclear watchdog had closed two major issues relating to the scope of its nuclear programme, which the West suspects is aimed at acquiring atomic bombs.
Published 26 Nov, 2007 12:00am
Afghan air strikes kill 80

Afghan air strikes kill 80

Around 80 Taliban were killed in a series of air raids by international military forces near eastern Afghanistan's border with Pakistan, officials said Sunday. About 65 of the rebels were killed in a single air assault late Saturday in eastern Paktia prov
Published 26 Nov, 2007 12:00am
Serbs prepare rude reception for independent Kosovo

Serbs prepare rude reception for independent Kosovo

Serbia begins final talks on Kosovo on Monday knowing it has failed to persuade a significant number of European Union member states to oppose independence for the breakaway province. There is also virtually no hope of an 11th hour compromise in the two a
Published 26 Nov, 2007 12:00am
Disasters quadruple over last 20 years: Oxfam

Disasters quadruple over last 20 years: Oxfam

Weather-related disasters have quadrupled over the last two decades, a leading British charity said in a report published on Sunday. From an average of 120 disasters a year in the early 1980s, there are now as many as 500, with Oxfam attributing the rise
Published 26 Nov, 2007 12:00am
10 killed in Sri Lankan clashes

10 killed in Sri Lankan clashes

The Sri Lankan air force pounded Tamil Tiger rebel positions in the restive north while seven rebels and three security forces personnel died in ground fighting on the island, the military said on Sunday.
Published 26 Nov, 2007 12:00am
Iraq Baathist bill rejected

Iraq Baathist bill rejected

A long-awaited bill to allow members of Saddam Hussein's Sunni Baath party to return to public life in Iraq was tabled in parliament on Sunday but immediately rejected by jeering hard-line Shias.
Published 26 Nov, 2007 12:00am
Nepal Maoists threaten return to armed revolt

Nepal Maoists threaten return to armed revolt

The chief of Nepal's Maoists has warned the provisional government that his former fighters could take up arms again if their demand for an immediate end to the monarchy was not met, newspapers reported on Sunday.
Published 26 Nov, 2007 12:00am
Former KGB chief Kryuchkov dies

Former KGB chief Kryuchkov dies

Vladimir Kryuchkov, the former head of the Soviet KGB and a ringleader in an attempted coup against Mikhail Gorbachev, has died, Russian media reported Sunday. He was 83. Kryuchkov "died Friday evening in Moscow, 23 November," ITAR-TASS quoted the Foreign
Published 26 Nov, 2007 12:00am
Jordan king swears in new government

Jordan king swears in new government

Jordan's pro-US King Abdullah swore in on Sunday a reform-minded government charged with speeding up modernisation of the kingdom. Prime Minister Nader Dahabi, a former air force chief who transformed the special economic zone in the Red Sea port of Aqaba
Published 26 Nov, 2007 12:00am
London stock market eyes Barclays, business conference

London stock market eyes Barclays, business conference

London stock market investors will zoom in on a key trading update from British bank Barclays, record-breaking oil prices and the annual conference of Britain's biggest employers' body.
Published 26 Nov, 2007 12:00am
Indian shares expected to remain flat

Indian shares expected to remain flat

Indian share prices are expected to be range-bound next week as Asian markets remain wary after the US Federal Reserve lowered growth projections, dealers said. They said the markets could be volatile in the near-term and a sharp run is not expected in th
Published 26 Nov, 2007 12:00am
Jakarta shares to remain volatile in week ahead: dealers

Jakarta shares to remain volatile in week ahead: dealers

Indonesia's share prices will remain volatile in the week ahead amid uncertainty over global oil prices and the impact on domestic inflation, but the main index will probably rise, dealers said Friday.
Published 26 Nov, 2007 12:00am
Taiwan shares may depict downtrend

Taiwan shares may depict downtrend

Taiwanese share prices are expected to fall next week on fears that a weakening US economy will hurt exporters, dealers said Friday. Investors had turned bearish after the local bourse fell below the psychologically important 8,400 points level, they said
Published 26 Nov, 2007 12:00am
Australian shares likely to decline

Australian shares likely to decline

Australian share prices are expected to fall but the underlying trend is upwards with the result of Saturday's election largely irrelevant to the market, dealers said Friday. Over the week to November 23, the benchmark S&P/ASX 200 index fell 131.7 points
Published 26 Nov, 2007 12:00am
Gloomy Wall Street hopes for Santa Claus rescue

Gloomy Wall Street hopes for Santa Claus rescue

Wall Street sentiment is sinking to fresh lows as the stock market enters the traditionally festive year-end holidays amid growing pessimism about the US economic outlook.
Published 26 Nov, 2007 12:00am
Hong Kong shares may enjoy rebound: analysts

Hong Kong shares may enjoy rebound: analysts

Hong Kong share prices could enjoy a rebound, but confidence remains fragile after the market's recent tumble, dealers said. Stock markets across Asia are expected to lead a recovery after they suffered the steepest falls so far this month in the past wee
Published 26 Nov, 2007 12:00am
Seoul shares likely to see tough days

Seoul shares likely to see tough days

South Korea's stock market is likely to see another tough week but downward momentum is expected to lessen following recent sharp corrections, dealers said on Friday. Market sentiment is being depressed by high oil prices, concerns over the US credit crun
Published 26 Nov, 2007 12:00am
Asian currencies mostly up against dollar

Asian currencies mostly up against dollar

Asian currencies ended the week mostly up against the US dollar, with the notable exception being the Australian unit, which was down more than one cent on the previous week.
Published 26 Nov, 2007 12:00am
Singapore shares expected to trade sideways

Singapore shares expected to trade sideways

Singapore share prices could trade sideways, as fear remains a dominant feature in trade despite a lengthy sell-off, dealers said. For the week ended November 23, the main Straits Times Index finished 3.34 percent or 115.07 points lower at 3,325.89.
Published 26 Nov, 2007 12:00am
Thai shares set for another volatile trading

Thai shares set for another volatile trading

Thai share prices are set for another week of volatile trading, weighed down by the negative mood on Wall Street and concerns over high global oil prices, dealers said.
Published 26 Nov, 2007 12:00am
New Zealand shares rise 0.41 percent

New Zealand shares rise 0.41 percent

New Zealand share prices rose 0.41 percent on Friday in cautious, low volume trading in the wake of the US Thanksgiving holiday, dealers said. The benchmark NZX-50 index rose 16.78 points to close at 4,071.00 on light turnover worth 71.2 million dollars (
Published 26 Nov, 2007 12:00am
Philippines shares likely to be weighed down

Philippines shares likely to be weighed down

Philippines share prices will be weighed down next week by the pessimistic mood abroad, particularly on Wall Street, dealers said Friday. Although bargain hunting had lifted the market on Friday, it had largely been on a downturn for most of the week, ref
Published 26 Nov, 2007 12:00am
Malaysian shares may tread water: analysts

Malaysian shares may tread water: analysts

Malaysian share prices next week are expected to trade sideways with a downward bias, dealers said on Friday. They fell 2.38 percent this week, they said, although they rose 0.7 percent Friday.
Published 26 Nov, 2007 12:00am
India close in on victory over Pakistan

India close in on victory over Pakistan

Opener Wasim Jaffer and former captain Saurav Ganguly took India to within 32 runs of victory over Pakistan in the first test on Sunday. The home team, set a winning target of 203, were coasting at 171 for three in their second innings when play was calle
Published 26 Nov, 2007 12:00am
Lara in India calls for rebel league recognition

Lara in India calls for rebel league recognition

West Indies batting legend Brian Lara on Sunday urged state and national cricket boards to officially recognise a rebel Twenty20 league slated to begin next week in northern India.
Published 26 Nov, 2007 12:00am
Horse racing: Admire Moon hangs on to win Japan Cup

Horse racing: Admire Moon hangs on to win Japan Cup

Admire Moon hung on to beat strong-charging Pop Rock in a photo finish to win the $4.4 million Japan Cup on Sunday. Jockey Yasunari Iwata punched the air in delight after steering Admire Moon past the finishing post but had a nervous five-minute wait befo
Published 26 Nov, 2007 12:00am
Sampras tips Federer to smash records

Sampras tips Federer to smash records

Pete Sampras's win over Roger Federer in Macau this weekend does nothing to end arguments about who is the greater player - but the American is convinced the world number one will smash his records.
Published 26 Nov, 2007 12:00am
Golf: Monty and Warren win first World Cup for Scotland

Golf: Monty and Warren win first World Cup for Scotland

Scotland's Colin Montgomerie and Marc Warren will take the World Cup back to the home of golf for the first time after beating the United States on the third hole of a sudden death playoff on Sunday.
Published 26 Nov, 2007 12:00am
Tharanga, Harmison give England a headache

Tharanga, Harmison give England a headache

Sri Lanka's young batsman Upul Tharanga staked a strong claim for the first Test against England with another powerful display against the tourists here on Sunday.
Published 26 Nov, 2007 12:00am
Indo-Pak Test: security tightens after threat

Indo-Pak Test: security tightens after threat

Security was tightened at the ongoing Test match between India and Pakistan here on Sunday after an e-mail threat targeting the visiting team was reported by media outlets, officials said.
Published 26 Nov, 2007 12:00am
Blatter still wants quotas despite EU law

Blatter still wants quotas despite EU law

FIFA President Sepp Blatter said on Sunday he still wanted to limit the number of overseas players in club sides despite opposition from leading clubs and current European Union law.
Published 26 Nov, 2007 12:00am
Nel snatches victory as Kiwis 'muck it up'

Nel snatches victory as Kiwis 'muck it up'

Tailender Andre Nel hit nine runs off the last three balls as South Africa snatched a two-wicket win over New Zealand in the first one-day international at Kingsmead here on Sunday.
Published 26 Nov, 2007 12:00am
Biggest International badminton tournament starts in Pakistan

Biggest International badminton tournament starts in Pakistan

Muhammad Waqas Ahmed of Pakistan beat Abdul Jalil of Afghanistan in straight games but favourite Pakistani Wajid Ali lost to an Indian P.Kashyap on the opening day of The Pakistan Challenge International Badminton Tournament at Liaqat Gymnasium, Pakistan
Published 26 Nov, 2007 12:00am
Omron eyes shares buybacks; Russia, India plants

Omron eyes shares buybacks; Russia, India plants

Omron Corp is considering building auto parts factories in emerging markets such as Russia, eastern Europe and India, broadening its key overseas production bases from China, executive officer Yutaka Fujiwara said.
Published 26 Nov, 2007 12:00am
Credit crunch hits Asian debt deals: StanChart

Credit crunch hits Asian debt deals: StanChart

Standard Chartered PLC said on November 22 that about 20 Asian asset-backed securitisation deals, worth at least $300 million each, have been delayed till next year because of the turmoil in the credit markets.
Published 26 Nov, 2007 12:00am
Credit crunch hits Asian debt deals: StanChart

Credit crunch hits Asian debt deals: StanChart

Standard Chartered PLC said on November 22 that about 20 Asian asset-backed securitisation deals, worth at least $300 million each, have been delayed till next year because of the turmoil in the credit markets.
Published 26 Nov, 2007 12:00am
TSE says no cash for capital ties before IPO

TSE says no cash for capital ties before IPO

The Tokyo Stock Exchange is on track to list its own shares in 2009, but capital tie-ups with other exchanges are unlikely before then as the bourse has no money for such investments, its president said on November 22.
Published 26 Nov, 2007 12:00am
UK's Brown defends record amid gloomy polls

UK's Brown defends record amid gloomy polls

British Prime Minister Gordon Brown defended his handling of the economy after his Labour government received a double dose of bad news in opinion polls on Sunday that saw its popularity plunging. The polls showed that Brown, who took over from Tony Blair
Published 26 Nov, 2007 12:00am
Germany rejects EU energy unbundling argument

Germany rejects EU energy unbundling argument

Germany believes the European Commission has failed to make an adequate case for its proposals to inject more competition into power and gas markets, according to a letter Berlin sent last week to leading EU commissioners.
Published 26 Nov, 2007 12:00am
India property in takeoff mode

India property in takeoff mode

A decade ago, Gurgaon on the outskirts of the Indian capital was little more than scrubland and a few isolated housing developments. Today it is a sprawling concrete jungle home to a slew of multinational companies and a symbol of India's real estate boom
Published 26 Nov, 2007 12:00am
Workers evacuated after blaze on North Sea oil rig

Workers evacuated after blaze on North Sea oil rig

Helicopters flew to the rescue of offshore oil workers on Sunday after a large blaze on a remote oil platform in the North Sea between Britain and Norway. There were no reports of any casualties at the Thistle Alpha facility, north of the Shetland Islands
Published 26 Nov, 2007 12:00am
China must revalue yuan, says Sarkozy

China must revalue yuan, says Sarkozy

French President Nicolas Sarkozy urged China on Sunday to revalue its currency and improve its record on the environment, hours after arriving in the country for a state visit.
Published 26 Nov, 2007 12:00am
Malaysia's AirAsia increases A320 order

Malaysia's AirAsia increases A320 order

AirAsia, Southeast Asia's largest budget carrier by fleet size, said Sunday it has agreed to buy 175 new fuel efficient A320 Airbus aircraft for at least 10.5 billion dollars. "We have placed a new order of an additional 25 A320s with Airbus," Tony Fernan
Published 26 Nov, 2007 12:00am
'Taiwan may end boycott of Chinese judge to WTO'

'Taiwan may end boycott of Chinese judge to WTO'

Taiwan's government said Sunday it would stop boycotting the appointment of a Chinese judge to the World Trade Organisation's top court if its fears of possible bias by the Asian giant were addressed. "As long as our concerns are clarified, we could cease
Published 26 Nov, 2007 12:00am
Mining industry to shine despite economic woes: analysts

Mining industry to shine despite economic woes: analysts

The mining sector's value, while hit by fears of a global economic slowdown, has a bright future thanks to strong Chinese demand for metals and the difficulty of unearthing resources in Africa, analysts say. "It is not as rosy as 12 month ago but we remai
Published 26 Nov, 2007 12:00am
'Carbon price vital but inadequate in climate crisis'

'Carbon price vital but inadequate in climate crisis'

Achieving a high and stable price for carbon is vital but inadequate on its own in the bid to beat climate change, British business leaders said in a far reaching report published on Monday.
Published 26 Nov, 2007 12:00am
EU officials to talk tough on trade in China

EU officials to talk tough on trade in China

Top European Union officials will talk tough in Beijing next week about China's snowballing trade surplus and its reluctance to open its booming economy further to European business.
Published 26 Nov, 2007 12:00am
Chinese shipper plans Shanghai share float

Chinese shipper plans Shanghai share float

China Shipping Container Lines (CSCL), the country's top container shipper, is planning to list on the Shanghai bourse in a bid to raise more than 12 million yuan (1.6 million dollars), the China Daily newspaper said.
Published 26 Nov, 2007 12:00am
Chinese shipper plans Shanghai share float

Chinese shipper plans Shanghai share float

China Shipping Container Lines (CSCL), the country's top container shipper, is planning to list on the Shanghai bourse in a bid to raise more than 12 million yuan (1.6 million dollars), the China Daily newspaper said.
Published 26 Nov, 2007 12:00am
Japan sees rapid growth in capital investment

Japan sees rapid growth in capital investment

Capital investment planned by Japanese firms for the year to March 2008 will rise an average of 11.0 percent from a year earlier, the fourth straight year of double-digit growth, reports said Sunday. The Nikkei business daily carried out the survey coveri
Published 26 Nov, 2007 12:00am
Japan sees rapid growth in capital investment

Japan sees rapid growth in capital investment

Capital investment planned by Japanese firms for the year to March 2008 will rise an average of 11.0 percent from a year earlier, the fourth straight year of double-digit growth, reports said Sunday. The Nikkei business daily carried out the survey coveri
Published 26 Nov, 2007 12:00am
Dubai ruler donates $464 million to charity drive

Dubai ruler donates $464 million to charity drive

The ruler of the wealthy Gulf emirate of Dubai has made a personal donation of 464 million dollars to a charity drive to help educate children in the world's poorest countries, the charity said on Sunday.
Published 26 Nov, 2007 12:00am
UN reports 2.5 million new HIV/AIDS infections in 2007

UN reports 2.5 million new HIV/AIDS infections in 2007

HIV/AIDS has infected 2.5 million people around the world this year and 32.2 million are now living with the virus, an annual United Nations report on the epidemic said on November 20.
Published 26 Nov, 2007 12:00am
Climate change threatens Asian development

Climate change threatens Asian development

Decades of development in Asia will be reversed by climate change, threatening the lives of millions of people, environmentalists and aid agencies warned on November 19. The Working Group on Climate Change and Development, an umbrella group of greens and
Published 26 Nov, 2007 12:00am
Stem cell breakthrough uses human skin not embryos

Stem cell breakthrough uses human skin not embryos

In a major breakthrough, scientists announced on November 20 they have generated stem cells from human skin which could help in the fight against major diseases and side-step the battle over using embryonic cells.
Published 26 Nov, 2007 12:00am
Heart disease death rates no longer dropping

Heart disease death rates no longer dropping

After decades of decline, deaths due to heart disease appear to have levelled off among young men and may be trending upward in young women, according to research released on November 19. This is likely due to poor health habits and the growing number of
Published 26 Nov, 2007 12:00am
China pollution costs 5.8 percent of GDP

China pollution costs 5.8 percent of GDP

China's pollution woes are costing it about 5.8 percent of GDP each year, much higher than past official Chinese estimates, state press quoted the World Bank as saying on November 19. The costs in absenteeism due to health and other problems total about 1
Published 26 Nov, 2007 12:00am
Greenhouse gases hit record levels in 2006: WMO

Greenhouse gases hit record levels in 2006: WMO

Greenhouse gases such as carbon dioxide and nitrous oxide which contribute to global warming reached record levels in 2006, the World Meteorological Organisation (WMO) said on November 22.
Published 26 Nov, 2007 12:00am
China and Southeast Asia sign pact on food safety

China and Southeast Asia sign pact on food safety

China and Southeast Asia on November 20 signed a pact on food safety at a regional summit here, pledging to cooperate to protect consumers and improve the handling of potential health threats. The agreement committed China and the 10-member Association of
Published 26 Nov, 2007 12:00am
Gulf states pledge 750 million dollars to climate fund

Gulf states pledge 750 million dollars to climate fund

Gulf Opec members have pledged a total of 750 million dollars to a new fund to tackle global warming through financing research for a clean environment, the Saudi foreign minister said on November 18.
Published 26 Nov, 2007 12:00am
Liver transplant outcomes better in UK than US

Liver transplant outcomes better in UK than US

Although patients who undergo liver transplants in the US have a better 90-day survival rate, many of those who undergo the procedure in the UK and Ireland seem to do better after the first year, UK researchers report in the November issue of Gut.
Published 26 Nov, 2007 12:00am
Noise pollution leads to irritation and tension

Noise pollution leads to irritation and tension

Noise pollution is one of the major serious health hazards, causing annoyance, irritation, tension, headache and even lead to accidents at work places. Besides, it causes hearing loss, slow deep breathing and many more health harms.
Published 26 Nov, 2007 12:00am
Eating more fish may improve seniors' memory

Eating more fish may improve seniors' memory

Misplaced your keys? Can't place that face? Study findings suggest that you may be able to lessen the frequency of these "senior moments' simply by eating more fish. And the more fish you eat, the bigger the effect, according to research conducted in Norw
Published 26 Nov, 2007 12:00am
Japan pledges $1.8 billion for green projects in Asia

Japan pledges $1.8 billion for green projects in Asia

Japanese Prime Minister Yasuo Fukuda pledged 200 billion yen ($1.83 billion) in loans over the next five years for environmental projects in Asia, officials said on November 21. The projects include sewage disposal and sulphur dioxide scrubbing from power
Published 26 Nov, 2007 12:00am
Samsung unveils new LCD investment plan

Samsung unveils new LCD investment plan

Samsung Electronics on Thursday announced a 2.2 billion-dollar investment plan to expand its LCD production, citing rising demand for high-end television sets. Samsung, the world largest maker of liquid crystal display (LCD) panels, said it would invest 2
Published 26 Nov, 2007 12:00am
Swiss watch industry eyes record 2008

Swiss watch industry eyes record 2008

Swiss watchmakers are braced for a record year in exports this year and again in 2008 as surging demand for luxury goods continues unabated, the head of the Federation of the Swiss Watch Industry said on November 20. "We are certain that 2008 will be even
Published 26 Nov, 2007 12:00am
Pol-Aqua to spend up to $80 million on M&A in 2008

Pol-Aqua to spend up to $80 million on M&A in 2008

Engineering and construction firm Pol-Aqua, controlled by Polish tycoon Ryszard Krauze, plans to spend 150-200 million zlotys ($60-80 million) on acquisitions in 2008, it chief executive said.
Published 26 Nov, 2007 12:00am
Gold exchange traded funds attract more investors

Gold exchange traded funds attract more investors

The investor base of gold exchange traded funds has been growing, with inflationary fears and uncertainty in the financial markets attracting significant inflows, the World Gold Council's chief executive officer said.
Published 26 Nov, 2007 12:00am
Gold exchange traded funds attract more investors

Gold exchange traded funds attract more investors

The investor base of gold exchange traded funds has been growing, with inflationary fears and uncertainty in the financial markets attracting significant inflows, the World Gold Council's chief executive officer said.
Published 26 Nov, 2007 12:00am
Chinese banks look to invest in Standard Chartered

Chinese banks look to invest in Standard Chartered

China's three leading banks have approached Temasek, Singapore's state investment agency, over the acquisition of its stake in Standard Chartered, the emerging-markets lender, the Financial Times said on November 19.
Published 26 Nov, 2007 12:00am
Aeroflot no longer interested in take-over: Alitalia

Aeroflot no longer interested in take-over: Alitalia

The Russian airline Aeroflot has said it is no longer interested in bidding for Alitalia, the Italian carrier said in a statement. It said it had been informed that Aeroflot "will not take part in the project to privatise" Alitalia.
Published 26 Nov, 2007 12:00am
Postbank eyes foreign growth

Postbank eyes foreign growth

Deutsche Postbank, which on November 21 became a potential take-over target for Deutsche Bank, is looking for an overseas boost to its business from the new Europe-wide payments market. "We are looking for foreign partners," Postbank board member Dirk Ber
Published 26 Nov, 2007 12:00am
Postbank eyes foreign growth

Postbank eyes foreign growth

Deutsche Postbank, which on November 21 became a potential take-over target for Deutsche Bank, is looking for an overseas boost to its business from the new Europe-wide payments market. "We are looking for foreign partners," Postbank board member Dirk Ber
Published 26 Nov, 2007 12:00am
Mauritius aims to develop as Islamic finance centre

Mauritius aims to develop as Islamic finance centre

Mauritius aims to develop itself as an Islamic financial centre, adding to its rapidly growing banking and non-banking finance sectors, a senior investment official said on November 20. Islamic finance has been expanding quickly in recent years, linked to
Published 26 Nov, 2007 12:00am
Losses worsen at US mortgage giant Freddie Mac

Losses worsen at US mortgage giant Freddie Mac

Freddie Mac, one of the biggest players in America's stressed mortgage sector, revealed widening losses of 2.0 billion dollars on November 20 and said it will "take time" for market prospects to recover.
Published 26 Nov, 2007 12:00am
Mazda aims to kickstart China sales in 2008

Mazda aims to kickstart China sales in 2008

Japan's Mazda Motor Corp expects its sales in China to leap 80 percent in 2008 by more than doubling its dealership network in the world's second-largest auto market, a senior executive said on November 19.
Published 26 Nov, 2007 12:00am
Mazda aims to kickstart China sales in 2008

Mazda aims to kickstart China sales in 2008

Japan's Mazda Motor Corp expects its sales in China to leap 80 percent in 2008 by more than doubling its dealership network in the world's second-largest auto market, a senior executive said on November 19.
Published 26 Nov, 2007 12:00am
Google-funded online firm offers $999 DNA test

Google-funded online firm offers $999 DNA test

23andMe, a Google-funded online company selling a $999 DNA test, launched on Monday as a kind of genetics-based MySpace or Facebook that also has the more serious aim of allowing medicine someday to target Americans' ills more precisely.
Published 26 Nov, 2007 12:00am
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