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Print - 2007-12-30
Fuel and food shortage hits residents of twin cities

Fuel and food shortage hits residents of twin cities

The fuel and food shortage in the twin cities of Islamabad and Rawalpindi is creating problems for the residents of the twin cities for the last three days. The situation emerged after the assassination of late PPP Chairperson Benazir Bhutto and declarati
Published 30 Dec, 2007 12:00am
Russia calls on Pakistan to go ahead with elections

Russia calls on Pakistan to go ahead with elections

Russia called on Pakistan on Saturday not to yield to violence and to stage elections as planned next month despite the death of opposition leader Benazir Bhutto in a suicide attack.
Published 30 Dec, 2007 12:00am
Russia calls on Pakistan to go ahead with elections

Russia calls on Pakistan to go ahead with elections

Russia called on Pakistan on Saturday not to yield to violence and to stage elections as planned next month despite the death of opposition leader Benazir Bhutto in a suicide attack.
Published 30 Dec, 2007 12:00am
Bush Senior condoles Benazir's death

Bush Senior condoles Benazir's death

Former US President George H W Bush, along with his wife Barbra Bush, visited the Pakistani Consulate in Houston to express their deep condolences on the demise of former Prime Minister Benazir Bhutto.
Published 30 Dec, 2007 12:00am
Bush Senior condoles Benazir's death

Bush Senior condoles Benazir's death

Former US President George H W Bush, along with his wife Barbra Bush, visited the Pakistani Consulate in Houston to express their deep condolences on the demise of former Prime Minister Benazir Bhutto.
Published 30 Dec, 2007 12:00am
Germany uneasy about Pakistan's nuclear weapons

Germany uneasy about Pakistan's nuclear weapons

German Foreign Minister Frank-Walter Steinmeier, in an interview to be published on Sunday, voiced concern that nuclear weapons could fall into wrong hands if instability in Pakistan worsened in the wake of Benazir's death.
Published 30 Dec, 2007 12:00am
Germany uneasy about Pakistan's nuclear weapons

Germany uneasy about Pakistan's nuclear weapons

German Foreign Minister Frank-Walter Steinmeier, in an interview to be published on Sunday, voiced concern that nuclear weapons could fall into wrong hands if instability in Pakistan worsened in the wake of Benazir's death.
Published 30 Dec, 2007 12:00am
Massive damage caused to Railways installations

Massive damage caused to Railways installations

Massive damages caused to railway installations and network runs into billions of rupees. According to railway sources the damages assessed so far include the burning of 25 railway stations, six trains, eight locomotives, 16 bridges, 18 level crossings wh
Published 30 Dec, 2007 12:00am
Massive damage caused to Railways installations

Massive damage caused to Railways installations

Massive damages caused to railway installations and network runs into billions of rupees. According to railway sources the damages assessed so far include the burning of 25 railway stations, six trains, eight locomotives, 16 bridges, 18 level crossings wh
Published 30 Dec, 2007 12:00am
Massive damage caused to Railways installations

Massive damage caused to Railways installations

Massive damages caused to railway installations and network runs into billions of rupees. According to railway sources the damages assessed so far include the burning of 25 railway stations, six trains, eight locomotives, 16 bridges, 18 level crossings wh
Published 30 Dec, 2007 12:00am
Saarc CCI condemns Benazir killing

Saarc CCI condemns Benazir killing

The Saarc Chamber of Commerce and Industry (SCCI) Pakistan Chapter on Saturday strongly condemned the assassination of Benazir Bhutto and termed it a great national loss and well-conceived conspiracy against Pakistan.
Published 30 Dec, 2007 12:00am
Saarc CCI condemns Benazir killing

Saarc CCI condemns Benazir killing

The Saarc Chamber of Commerce and Industry (SCCI) Pakistan Chapter on Saturday strongly condemned the assassination of Benazir Bhutto and termed it a great national loss and well-conceived conspiracy against Pakistan.
Published 30 Dec, 2007 12:00am
Saarc CCI condemns Benazir killing

Saarc CCI condemns Benazir killing

The Saarc Chamber of Commerce and Industry (SCCI) Pakistan Chapter on Saturday strongly condemned the assassination of Benazir Bhutto and termed it a great national loss and well-conceived conspiracy against Pakistan.
Published 30 Dec, 2007 12:00am
Political parties not clear on key economic issues

Political parties not clear on key economic issues

An analysis of the Election 2008 manifestoes of the major political parties indicate that they are not clear as to how each of them plans to address the key economic issues confronting the nation. An important issue which has not received direct or detail
Published 30 Dec, 2007 12:00am
Political parties not clear on key economic issues

Political parties not clear on key economic issues

An analysis of the Election 2008 manifestoes of the major political parties indicate that they are not clear as to how each of them plans to address the key economic issues confronting the nation. An important issue which has not received direct or detail
Published 30 Dec, 2007 12:00am
Political parties not clear on key economic issues

Political parties not clear on key economic issues

An analysis of the Election 2008 manifestoes of the major political parties indicate that they are not clear as to how each of them plans to address the key economic issues confronting the nation. An important issue which has not received direct or detail
Published 30 Dec, 2007 12:00am
Andrabi demands extension in income tax returns date

Andrabi demands extension in income tax returns date

President All Pakistan Tax Bar Association Naveed Andrabi talking to Business Recorder on Saturday from Lahore has deeply expressed his sorrow and grief over the martyrdom of Pakistan People's Party Chairperson Mohattarma Benazir Bhutto and the 15
Published 30 Dec, 2007 12:00am
PSO clarification

PSO clarification

A spokesman of Pakistan State Oil (PSO) has commented on a story published in Business Recorder on December 27 captioned "PSO accused of showing bungling incompetence" The spokesman said PSO being public limited company prides in its ethics policy
Published 30 Dec, 2007 12:00am
Qazi visits Naudero House, condoles Benazir's death

Qazi visits Naudero House, condoles Benazir's death

The chief of Jamaat Islami (JI) Pakistan, Qazi Hussain Ahmed, visited the Naudero House on Saturday evening and expressed condolences with Asif Ali Zardari and son Bilawal on the tragic demise of PPP chairperson Mohtarma Benazir Bhutto.
Published 30 Dec, 2007 12:00am
Political parties' leaders condole Benazir's death

Political parties' leaders condole Benazir's death

The president of National Workers Party (NWP), Abid Hasan Minto, and other office-bearers have expressed feeling of profound shock and grief at the tragic death of Mohtarma Benazir Bhutto.
Published 30 Dec, 2007 12:00am
Nawaz meets Zardari

Nawaz meets Zardari

Former premier Nawaz Sharif met the husband of slain opposition leader Benazir Bhutto on Saturday at the family home in southern Pakistan to offer his condolences, witnesses said.
Published 30 Dec, 2007 12:00am
Nawaz meets Zardari

Nawaz meets Zardari

Former premier Nawaz Sharif met the husband of slain opposition leader Benazir Bhutto on Saturday at the family home in southern Pakistan to offer his condolences, witnesses said.
Published 30 Dec, 2007 12:00am
Proper security not provided to Benzir: Nawaz

Proper security not provided to Benzir: Nawaz

Nawaz Sharif on Saturday said that proper security cover was not provided to Benazir Bhutto, and the tragic incident of her assassination could be avoided if proper security arrangements were adopted.
Published 30 Dec, 2007 12:00am
Mukhtar condemns Benazir's killing

Mukhtar condemns Benazir's killing

Former Commerce minister and PPP central leader, Chaudhry Ahmed Mukhtar has condemned the killing of the party chairperson former Prime Minister, Benazir Bhutto in a cowardly suicidal attack in Rawalpindi.
Published 30 Dec, 2007 12:00am
Qadir Magsi and Khalid Soomro offer condolence

Qadir Magsi and Khalid Soomro offer condolence

Dr Qadir Magsi, chairman of Sindh Taraqi Pasand Party and Dr Khalid Mehmood Soomro, the provincial chief of Jamiat Ulema-e-Islam, Saturday visited Naudero House and offered condolence to Asif Ali Zardari on the assassination of her wife Benazir Bhutto.
Published 30 Dec, 2007 12:00am
Labour leaders condemn assassination of Benazir

Labour leaders condemn assassination of Benazir

A senior labour leader Habibuddin Junaidi has expressed deep sorrow and grief at the assassination of PPP Chairperson Mohtarma Benazir Bhutto. In a statement here, he described this as a big tragedy and especially a huge loss for the working classes.
Published 30 Dec, 2007 12:00am
Benazir's assassination: PAT announces seven-day mourning

Benazir's assassination: PAT announces seven-day mourning

Chairman Pakistan Awami Tehreek (PAT), Dr Tahirul Qadri has termed the assassination of former premier Benazir Bhutto a conspiracy against the nation's unity and integrity and announced a seven-day mourning on her brutal murder.
Published 30 Dec, 2007 12:00am
BBA and ANP hold rally against Benazir's assassination

BBA and ANP hold rally against Benazir's assassination

Balochistan Bar Association (BBA) took out a protest rally against the tragic killing of PPP chairperson Benazir Bhutto here on Saturday. The rally led by BBA President Baz Mohammad Kakar was brought out from the premises of District Court, which ended in
Published 30 Dec, 2007 12:00am
Fahim appeals PPP supporters to remain peaceful

Fahim appeals PPP supporters to remain peaceful

Central PPP leader Makhdoom Amin Fahim on Saturday appealed to the people particularly the followers of Mohtarma Benazir Bhutto to remain peaceful while carrying ahead the mission of their deceased leader.
Published 30 Dec, 2007 12:00am
Commuters fleeced by transporters

Commuters fleeced by transporters

Commuters suffered hardships as the public transport in the provincial metropolis remained suspended during last two days because of Benazir Bhutto's tragic assassination. Although most of the people stayed at home, some of them took to the streets. The c
Published 30 Dec, 2007 12:00am
PFF terms Benazir's death national tragedy

PFF terms Benazir's death national tragedy

Pakistan Football Federation (PFF) President, Makhdoom Syed Faisal Saleh Hayat, Secretary General Lieutenant Colonel (Retd) Ahmed Yar Khan Lodhi, Director Marketing Naveed Haider, PFF Congress and Secretariat's Officers expressed deep sense of grief and s
Published 30 Dec, 2007 12:00am
Nazim wants flour stalls in Sunday bazaars

Nazim wants flour stalls in Sunday bazaars

Nazim Lahore, Mian Amer Mahmood has ordered to set up stalls for flour and other eatables in all Sunday bazaars, his spokesman said here on Saturday. The Nazim has appealed to flour millers and the business community to ensure provision of edibles and oth
Published 30 Dec, 2007 12:00am
Sherpao links participation in polls with PPP-P's decision

Sherpao links participation in polls with PPP-P's decision

The Sherpao faction of the Pakistan Peoples Party(PPP-S) on Saturday made participation in the elections 2008 conditional with Pakistan Peoples Party Parliamentarians (PPPP), said Chairman PPP-S Aftab Ahmed Khan Sherpao.
Published 30 Dec, 2007 12:00am
Eight tehsil UCs declared sensitive

Eight tehsil UCs declared sensitive

Eight union councils of tehsil Darya Khan in district Bhakkar have been declared sensitive for the coming elections. Official sources told newsmen that 14 polling stations in the sensitive UCs fall in category "A" and nine in category "B."
Published 30 Dec, 2007 12:00am
'PPP to decide participation in elections today'

'PPP to decide participation in elections today'

Pakistan People Party will decide whether to take part in next month's elections at a high-level meeting on Sunday, a top Benazir aide told AFP. "We will take a decision about elections in our central executive committee meeting tomorrow," said Sherry Reh
Published 30 Dec, 2007 12:00am
Some remembrances of Mohtarma Benazir Bhutto

Some remembrances of Mohtarma Benazir Bhutto

We all wept after witnessing Bilawal sob at the last resting place of her illustrious mother. We remember seeing him one day coming to the National Assembly I the arms of her mother when she planted a tree in front of the Parliament House.
Published 30 Dec, 2007 12:00am
Complete strike observed in interior Sindh

Complete strike observed in interior Sindh

Complete wheel-jam and shutter-down strike was observed in Mirpurkhas, Umerkot, Digri, Kot Ghulam Muhammad, Mirwah Gorchani, Naukot, Tando Jan Muhammad, Khipro, Mithi and Islamkot and other small and big cities of lower Sindh against the brutal murder of
Published 30 Dec, 2007 12:00am
Complete shutter down across Multan

Complete shutter down across Multan

More than 500 lawyers took out a rally here on Saturday to mourn the death of Benazir Bhutto. The rally began from Bar room and terminated at the Kutchery chowk. The rally was led by Vice Chairman of Pakistan Bar Council Mirza Aziz Akbar Baig, Muhammad Pr
Published 30 Dec, 2007 12:00am
Protests continue against Benazir's assassination

Protests continue against Benazir's assassination

Former Members of Provincial Assembly Tasneem Ahmad Qureshi, Mirza Afzaal, Dr Nadia Aziz and Rai Tahir on Saturday led a rally joined by Pakistan Muslim League-N activists. Some of the angry protestors ransacked the HBL, Katchery Bazaar branch and a shop
Published 30 Dec, 2007 12:00am
Leghari terms Benazir's assassination 'target killing'

Leghari terms Benazir's assassination 'target killing'

Former president of Pakistan Sardar Farooq Ahmed Khan Leghari has said that assassination of Benazir Bhutto is a result of target killing and Chaudhris cannot be blamed for this act. Addressing a press conference at his Choti-Zaireen (DG Khan) residence,
Published 30 Dec, 2007 12:00am
Sheikh Rashid condoles death of Benazir

Sheikh Rashid condoles death of Benazir

Former Minister for Railways, Sheikh Rashid Ahmed has expressed his heart felt condolence over the sad demise of Benazir Bhutto. Talking to a private TV, he said that death of Benazir Bhutto was a tragic incident and immense pain and grief has been felt b
Published 30 Dec, 2007 12:00am
Asfandyar Amir laid to rest

Asfandyar Amir laid to rest

Former provincial education minister, Asfandyar Amir Zeb was laid to rest amid touching scenes at his ancestral graveyard at Saidu Sharif Swat on Saturday.
Published 30 Dec, 2007 12:00am
Electioneering comes to complete halt

Electioneering comes to complete halt

All political activities and election campaign have become standstill after the murder of Pakistan Peoples Party (PPP) Chairperson Benazir Bhutto in Rawalpindi. In Sialkot district, the election halls, established by the candidates contesting on five Nati
Published 30 Dec, 2007 12:00am
Six PPP activists die of shock, one commits suicide

Six PPP activists die of shock, one commits suicide

At least six activists of PPP including two women died of severe shock and one Khadim Hussain committed suicide by hanging himself with a girder after hearing the news of assassination of Benazir Bhutto in different areas of Southern Punjab.
Published 30 Dec, 2007 12:00am
Low gas pressure irks residents of twin cities

Low gas pressure irks residents of twin cities

Low pressure of Sui gas during chilly weather has perturbed the residents of the twin cities. The residents in various areas of the twin cities complained they were facing problems especially in kitchens due to low pressure of gas.
Published 30 Dec, 2007 12:00am
APCEA office-bearers take oath

APCEA office-bearers take oath

The newly elected cabinet of All Pakistan Commercial Exporters Association (APCEA) Saturday took oath of the office and pledged to make collective efforts for the welfare of the members of the association.
Published 30 Dec, 2007 12:00am
Polls should be postponed if PPP so desires: Kasuri

Polls should be postponed if PPP so desires: Kasuri

Former foreign minister Khurshid Mehmood Kasuri has called upon leaders of all political parties to play their role in promoting national unity in vake of the challenges being confronted by the nation and the country.
Published 30 Dec, 2007 12:00am
Criminals on the rampage

Criminals on the rampage

While the grief-stricken followers of Pakistan People's Party in particular and others in general mourned the tragic death of Benazir Bhutto, criminals and antisocial elements went on the rampage, destroying public and private property at will.
Published 30 Dec, 2007 12:00am
PIA requests passengers to recheck minor delays

PIA requests passengers to recheck minor delays

PIA domestic and international flight operations on Saturday resumed at all stations without cancellation - except minor delays, says a Press Release. Minor delays were experienced due to late reporting of passengers, crew and staff on duty because of log
Published 30 Dec, 2007 12:00am
Fire-fighters facing problem in reaching affected sites

Fire-fighters facing problem in reaching affected sites

Fire brigade department is facing problem in reaching the fire-affected sites due to alleged attacks on fire tenders by miscreants in the city. An official of fire brigade department told APP that miscreants attack fire tenders when they reach a spot to c
Published 30 Dec, 2007 12:00am
Backlash of the horror

Backlash of the horror

The shock and horror, the utter beastliness and inhuman attacks on life and property, paralysing life in Karachi brought everything to a standstill. Except that murderous gangs got a free hand to kill, maim, loot, plunder, destroy and set ablaze whatever
Published 30 Dec, 2007 12:00am
Army shifts stranded train passengers

Army shifts stranded train passengers

On the directive of General Officer Commanding (GOC) Major General Abdul Aziz Tariq, the army troops early Saturday morning shifted around 400 passengers of Karachi bound Awam Express from village Jalal Mari to Hyderabad, ISPR sources said.
Published 30 Dec, 2007 12:00am
Protest, rallies add to miseries of people

Protest, rallies add to miseries of people

Protests and demonstrations continued for the third consecutive day on Saturday in the Federal capital against the brutal assassination of PPP Chairperson and former prime minister Benazir Bhutto in Rawalpindi on Thursday.
Published 30 Dec, 2007 12:00am
Six killed, over 250 arrested: Karachi violence continues

Six killed, over 250 arrested: Karachi violence continues

With roads littered with broken glass and charred shells of cars, city-wide incidents of violence and arson left at least six people killed and over 50 injured and public and private property worth incalculable amount torched on the third day of mourning
Published 30 Dec, 2007 12:00am
Diplomats and officials visit Pakistan Embassy for condolence

Diplomats and officials visit Pakistan Embassy for condolence

A number of diplomats and senior Chinese government officials here visited the Pakistan Embassy on Friday and Saturday to express their deep sense of grief and sorrow over the assassination of former Prime Minister Benazir Bhutto.
Published 30 Dec, 2007 12:00am
Egypt President condoles assassination

Egypt President condoles assassination

Egyptian President Hosni Mubarak has sent a condolence message to President Pervez Musharraf on the tragic death of PPP Chairperson Benazir Bhutto in Rawalpindi terrorist attack. In his message to the President, he said "It was with deep sadness and great
Published 30 Dec, 2007 12:00am
Medical staff fail to reach hospitals

Medical staff fail to reach hospitals

Absence of doctors and paramedics at many of the hospitals on Saturday caused severe difficulties to the patients. The out- patient departments of most of the hospitals, remained closed and a few of the patients arriving were attended at the emergency sec
Published 30 Dec, 2007 12:00am
NWFP industrial units on verge of closure

NWFP industrial units on verge of closure

The growing uncertainty and lawlessness after the killing of Benazir Bhutto has brought all commercial and industrial activities in the country to a standstill.
Published 30 Dec, 2007 12:00am
NLU to start functioning in March

NLU to start functioning in March

The National Law University (NLU) with campuses in all the four provinces will start functioning in March, an HEC official said. The official said the university would have linkages with other international institutions imparting legal education and carry
Published 30 Dec, 2007 12:00am
Benazir's children, sister visit grave

Benazir's children, sister visit grave

The three children of slain PPP chairperson Benazir Bhutto- Bilawal, Bakhtawar and Asifa, accompanied by their aunt Sanam and party leader Sherry Rehman Saturday visited Garhi Khuda Bux, offered Fateha and laid floral wreath at the grave of their mother.
Published 30 Dec, 2007 12:00am
Karachi University exams postponed

Karachi University exams postponed

All regular, external and semester examinations of the University of Karachi (KU) have been postponed till further notice. A spokesman of Karachi University made the announcement here on Saturday.
Published 30 Dec, 2007 12:00am
'Nusrat Bhutto is alive'

'Nusrat Bhutto is alive'

Mother of Benazir Bhutto, Begum Nusrat Bhutto is alive said Ejaz Durrani, an official of Bilawal House Media Cell, here on Saturday afternoon. He contradicted rumours that Begum Nusrat Bhutto has passed away. "Begum Nusrat Bhutto is alive," Ejaz Durrani r
Published 30 Dec, 2007 12:00am
Food shortage hits Karachiites

Food shortage hits Karachiites

The shortage of daily food items mainly milk, bread and vegetables has hit Karachiites as the supply remained discontinued on Saturday due to absence of transport.
Published 30 Dec, 2007 12:00am
IMF favours forex measures that saw dollar overvalued

IMF favours forex measures that saw dollar overvalued

All models to measure equilibrium exchange rates have flaws, but two of the best both signalled that the dollar was significantly overvalued in 2006, according to an IMF working paper released on Friday.
Published 30 Dec, 2007 12:00am
Brazil's currency weakens

Brazil's currency weakens

Brazil's currency weakened more than 1 percent against the US dollar on Friday in thin trading ahead of the New Year's holiday. The real weakened to 1.781 per dollar from Thursday's close of 1.761.
Published 30 Dec, 2007 12:00am
Merrill Lynch tops 2007 list of US IPO bookrunners

Merrill Lynch tops 2007 list of US IPO bookrunners

Merrill Lynch has bumped Goldman Sachs from the No 1 spot on an annual ranking of US IPO bookrunners. Goldman, placing first last year, is now in third place for 2007, while Merrill narrowly beat Morgan Stanley for the top honour.
Published 30 Dec, 2007 12:00am
Mexico peso down to four-week low

Mexico peso down to four-week low

The Mexican peso weakened to a four-week low on Friday after surprisingly weak data on new home sales in the United States, Mexico's top trading partner. The peso gave up 0.24 percent to 10.9025 per dollar, its weakest since December 3.
Published 30 Dec, 2007 12:00am
Canadian dollar higher for second straight week

Canadian dollar higher for second straight week

The Canadian dollar rose for the second straight week against the US currency on Friday, but a bout of profit-taking yanked it back from the five-week high it hit earlier in the session.
Published 30 Dec, 2007 12:00am
Buffett starts up bond insurer to rival MBIA and Ambac

Buffett starts up bond insurer to rival MBIA and Ambac

Warren Buffett's Berkshire Hathaway Inc is starting a bond insurer that would help state and local governments lower their borrowing costs, and is likely to lure business from established rivals struggling with credit market turmoil.
Published 30 Dec, 2007 12:00am
Buffett starts up bond insurer to rival MBIA and Ambac

Buffett starts up bond insurer to rival MBIA and Ambac

Warren Buffett's Berkshire Hathaway Inc is starting a bond insurer that would help state and local governments lower their borrowing costs, and is likely to lure business from established rivals struggling with credit market turmoil.
Published 30 Dec, 2007 12:00am
Agency MBS to struggle in 2008 as risks abound

Agency MBS to struggle in 2008 as risks abound

US mortgage-backed securities issued by Fannie Mae and Freddie Mac should underperform US Treasuries again in 2008 as a supply overhang and listless demand threaten the sector's performance.
Published 30 Dec, 2007 12:00am
Agency MBS to struggle in 2008 as risks abound

Agency MBS to struggle in 2008 as risks abound

US mortgage-backed securities issued by Fannie Mae and Freddie Mac should underperform US Treasuries again in 2008 as a supply overhang and listless demand threaten the sector's performance.
Published 30 Dec, 2007 12:00am
Romanian leu falls to three-week low

Romanian leu falls to three-week low

The Romanian leu hit a three-week low against the euro on Friday, in thin interbank trading dominated by commercial flows, dealers said.
Published 30 Dec, 2007 12:00am
India tumble to near-record Test defeat to Aussies

India tumble to near-record Test defeat to Aussies

Australia inflicted one of India's heaviest Test defeats Saturday, winning the opening match of the four-Test Border-Gavaskar Trophy series by 337 runs on the fourth day at the Melbourne Cricket Ground.
Published 30 Dec, 2007 12:00am
Heras retires following doping ban

Heras retires following doping ban

Three-time Tour of Spain winner Roberto Heras, whose two-year doping ban ended in October, confirmed Saturday that he has decided to quit professional cycling. "I've thrown in the towel, there's no going back," Heras, 33, told Spanish sports daily Marca.
Published 30 Dec, 2007 12:00am
Shaughnessy, Fish lift US past India in Perth

Shaughnessy, Fish lift US past India in Perth

The United States made light of the temporary absence of Serena Williams as they beat India 2-1 in their opening Group A match at the Hopman Cup on Saturday.
Published 30 Dec, 2007 12:00am
Kumble wants Indian batsmen to improve for Sydney

Kumble wants Indian batsmen to improve for Sydney

Skipper Anil Kumble, stung Saturday by one of India's heaviest Test defeats, says the tourists must toughen up mentally if they are to improve against Australia in next week's second Test in Sydney.
Published 30 Dec, 2007 12:00am
West Indies enjoy rare away success

West Indies enjoy rare away success

The West Indies gained their most significant Test win away from home in seven years when they beat South Africa by 128 runs on the fourth day of the first Test at St George's Park here on Saturday.
Published 30 Dec, 2007 12:00am
Gilchrist savours wicketkeeping record

Gilchrist savours wicketkeeping record

Adam Gilchrist's decision to move states and stay behind the stumps 13 years ago was rewarded on Saturday when he replaced Ian Healy as Australia's most successful test wicketkeeper.
Published 30 Dec, 2007 12:00am
Hammers revival shocks Man United

Hammers revival shocks Man United

Matthew Upson gave Manchester United an early new year's hangover as his goal handed West Ham a dramatic 2-1 win on Saturday. The England centre-half thumped in a glorious header with just nine minutes remaining at Upton Park to give United's English Prem
Published 30 Dec, 2007 12:00am
Nadal to open against Montcourt in Chennai

Nadal to open against Montcourt in Chennai

Spanish world number two Rafael Nadal will start his 2008 season against Frenchman Mathieu Montcourt in the first round of the Chennai Open ATP event starting on Monday.
Published 30 Dec, 2007 12:00am
Yield spreads widen on US Treasury rally

Yield spreads widen on US Treasury rally

Emerging market sovereign debt yield spreads widened sharply on Friday due almost entirely to a rally in US Treasuries. Investors did seek more protection for their Pakistani debt following the assassination of opposition leader Benazir Bhutto on Thursday
Published 30 Dec, 2007 12:00am
Turkmenistan allows foreign currency trading

Turkmenistan allows foreign currency trading

Turkmenistan will reopen its commercial foreign currency exchange kiosks next week in a bid to eliminate black market money trading, the nation's president ordered this week. But the official rate of the manat, the national currency of the ex-Soviet state
Published 30 Dec, 2007 12:00am
Sinopec to take stakes in parent's oil refineries

Sinopec to take stakes in parent's oil refineries

China's Sinopec Corp will acquire equity interests in three oil refineries and 63 petrol stations from its parent company, Sinopec Group Corp, Xinhua news agency reported on Saturday.
Published 30 Dec, 2007 12:00am
South Korea's parliament approves budget rise

South Korea's parliament approves budget rise

South Korea's parliament said Saturday it had approved a rise of more than seven percent for its 2008 budget to expand social welfare programmes and increase military spending.
Published 30 Dec, 2007 12:00am
US stocks flat; housing concerns weigh

US stocks flat; housing concerns weigh

US stocks ended flat on Friday as weak new home sales data reinforced concerns that the housing and mortgage markets may be far from a recovery, offsetting the energy sector's strength.
Published 30 Dec, 2007 12:00am
Equity volatility here to stay in 2008

Equity volatility here to stay in 2008

Stock market volatility returned with a vengeance in 2007 and is not going away any time soon. The rise in volatility was reflected in the kind of year financial markets had, marked by big market swings due to the worsening global credit environment.
Published 30 Dec, 2007 12:00am
Equity volatility here to stay in 2008

Equity volatility here to stay in 2008

Stock market volatility returned with a vengeance in 2007 and is not going away any time soon. The rise in volatility was reflected in the kind of year financial markets had, marked by big market swings due to the worsening global credit environment.
Published 30 Dec, 2007 12:00am
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