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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-06-09
Rice expert welcomes spotlight on food

Rice expert welcomes spotlight on food

Robert Zeigler hasn't had much time for scuba diving this year, but he's not complaining. Journalists from around the world have converged on Zeigler's office in Los Banos, a lush university town south of the Philippine capital Manila, looking for explana
Published 09 Jun, 2008 12:00am
Indian judicial body due today

Indian judicial body due today

The Indian chapter of Pak-India judicial committee on prisoners will travel to Pakistan on June 9 to meet Indian prisoners in Pakistani jails and discuss modalities with Pakistani side for early release of prisoners in both the countries.
Published 09 Jun, 2008 12:00am
29 arrested for illegal fishing

29 arrested for illegal fishing

Raiding teams of Punjab Fisheries Department caught red handed 29 people for net fishing during the ban seized the catch with paraphernalia. The Director General, Fisheries, Punjab, Dr Muhammad Ayub told APP on Sunday that anyone found illegally fishing b
Published 09 Jun, 2008 12:00am
Jica signs accord with PIPD for improvement of irrigation system

Jica signs accord with PIPD for improvement of irrigation system

The Japan Agency for International Cooperation (Jica) has signed an agreement with the Punjab Irrigation and Power Department (PIPD) for "strengthening of irrigated agriculture through participatory irrigation management project" in the province.
Published 09 Jun, 2008 12:00am
New book on Benazir: PPP for legal action against Bhatia

New book on Benazir: PPP for legal action against Bhatia

Pakistan People's Party is considering legal action against the Indian author of a new book on its late Chairperson Benazir Bhutto, which the party feels does not portray her in a good light.
Published 09 Jun, 2008 12:00am
Cotton output may fall by 30-40 percent

Cotton output may fall by 30-40 percent

The cotton sowing area has decreased at least 30 percent and production would likely to fall in the coming year by 30 to 40 percent, it is learnt here on Sunday. The stakeholders of the sector said the sowing has fallen short around 30 percent because of
Published 09 Jun, 2008 12:00am
KCA raises spot rate, prices in ready business remain at Rs 3,600-4,000

KCA raises spot rate, prices in ready business remain at Rs 3,600-4,000

Rising price trend in local cotton causing reservations on the part of consumers who laid hands on only quality lots without grudging asking prices as opening for garment exporters streamed down in the reported absence of India and China hit by high cost
Published 09 Jun, 2008 12:00am
KCA raises spot rate, prices in ready business remain at Rs 3,600-4,000

KCA raises spot rate, prices in ready business remain at Rs 3,600-4,000

Rising price trend in local cotton causing reservations on the part of consumers who laid hands on only quality lots without grudging asking prices as opening for garment exporters streamed down in the reported absence of India and China hit by high cost
Published 09 Jun, 2008 12:00am
New cotton crop may face difficult challenges

New cotton crop may face difficult challenges

In 2007-08, cotton production was found 11.35 running bales as on 1st. May, 08 which in terms of 170 kgs bales, it comes to 10.68 million bales, lowest out-put in last five years. In eight months of this season, our lint cotton imports is equivalent of 3.
Published 09 Jun, 2008 12:00am
New cotton crop may face difficult challenges

New cotton crop may face difficult challenges

In 2007-08, cotton production was found 11.35 running bales as on 1st. May, 08 which in terms of 170 kgs bales, it comes to 10.68 million bales, lowest out-put in last five years. In eight months of this season, our lint cotton imports is equivalent of 3.
Published 09 Jun, 2008 12:00am
Duty on PSF import unacceptable: Aptma

Duty on PSF import unacceptable: Aptma

All Pakistan Textile Mills Association (Aptma), Punjab zone, President Akbar Sheikh has urged the government to keep its promises of not levying import duty on raw materials for export-oriented textile industries, which employ four million workers and con
Published 09 Jun, 2008 12:00am
Officials asked to ensure regular chlorination of drinking water

Officials asked to ensure regular chlorination of drinking water

Punjab Secretary, Housing and Urban Development, Khizar Hayat Gondal has directed all the WASA Managing Directors (MD)s to ensure regular chlorinating of drinking water par to World Health Organisation standard, particularly during the monsoon season.
Published 09 Jun, 2008 12:00am
RCCI team to participate in Kashghar festival

RCCI team to participate in Kashghar festival

Kashghar festival would start on June 28 while a delegation of Rawalpindi Chamber of Commerce and Industry (RCCI) would participate. The delegation would be led by former Chamber President, Jalil Ahmed Malik while Vice President, Raja Amir Iqbal would be
Published 09 Jun, 2008 12:00am
Brachytherapy centre inaugurated at SIUT

Brachytherapy centre inaugurated at SIUT

Sindh Institute of Urology and Transplantation (SIUT) has started a new modality "Brachytherapy Services" for treatment of patients suffering from prostate and cervix cancer. Inauguration ceremony of Dr Sarah Jafri Brachytherapy Unit in SIUT was held on S
Published 09 Jun, 2008 12:00am
Federal budget holds commodities trading hostage

Federal budget holds commodities trading hostage

The budget 2008-09 practically held commodities wholesale markets trading hostage. The wholesales for obvious reasons and consumers hoping for some magic to ease rising weight on their pockets during the week ended on June 7, 2008, changes, if any depicte
Published 09 Jun, 2008 12:00am
Musharraf's last hurrah?

Musharraf's last hurrah?

Was it the last clarion call of a man pushed to the wall or return of a saviour asking his 'people' what went wrong when he was away? The purpose of President Musharraf's media conference on Saturday and the message he delivered through it are being inter
Published 09 Jun, 2008 12:00am
UN summit and global food crisis

UN summit and global food crisis

The United Nations (UN) summit on global food crisis held in Rome could not come up with a communique as unfortunately none could be agreed upon. The summit ended up in trading of accusations between the crops for fuel supporters and crops for human food
Published 09 Jun, 2008 12:00am
Where will money come from to finance the new budget?

Where will money come from to finance the new budget?

Concerns about inadequate resources to plug the budget gap continue to occupy our economic managers during the budget month - June. There have already been two extensions to the date of the budget announcement - from June 7 to June 10 and, more recently,
Published 09 Jun, 2008 12:00am
Delay in sales tax registration, its effect on business and revenue

Delay in sales tax registration, its effect on business and revenue

According to the latest sales tax rules the following persons engaged in making of taxable supplies in Pakistan (including zero- rated supplies) in the course or furtherance of any taxable activity carried on by them, if not already registered, are requir
Published 09 Jun, 2008 12:00am
Britain wakes up to 'knife culture' after 16 teens killed

Britain wakes up to 'knife culture' after 16 teens killed

Violent killings of teenagers by their peers have spiked dramatically in London since the start of the year, claiming 16 lives and prompting urgent action to prevent the spread of "knife culture". These teen murders - most by stabbing though a few by guns
Published 09 Jun, 2008 12:00am
Serious issues

Serious issues

The national interest demands the prompt solution of the issue of deposed judges as it is diverting the attention of the coalition government from addressing the real problems of people in order to counter the challenges facing the country.
Published 09 Jun, 2008 12:00am
Condolence reference held

Condolence reference held

The Chief Justice, Lahore High Court (LHC), Justice Sayed Zahid Hussain has said that the former Chief Justice, late Sardar Muhammad Iqbal was an institution within himself. 'Late CJ was a remarkable human being and every aspect of his life is a role mode
Published 09 Jun, 2008 12:00am
PML-N celebrates Shahbaz's election as chief minister

PML-N celebrates Shahbaz's election as chief minister

Pakistan Muslim League-Nawaz Multan activists mostly women celebrated the day when Mian Shahbaz Sharif was elected as Punjab Chief Minister by securing 265 votes. They distributed sweetmeat among the people and danced at drumbeat.
Published 09 Jun, 2008 12:00am
MPA regrets role of opposition

MPA regrets role of opposition

Pakistan Muslim League, women wing Punjab vice president, MPA Zobia Rubab Malik has said that PML-Q could give vote of confidence to Mian Mohammed Shahbaz Sharif, as it gave same earlier to Prime Minister Yousuf Raza Gilani, as a good-will gesture, but th
Published 09 Jun, 2008 12:00am
Laura Bush, on Afghan visit, urges more support

Laura Bush, on Afghan visit, urges more support

US first lady Laura Bush appealed to the international community on Sunday not to abandon Afghanistan in the face of resurgent Taliban violence. Rocked by daily battles with Taliban rebels that have killed some 12,000 people in two years, Kabul is to ask
Published 09 Jun, 2008 12:00am
Ukrainian mine blast leaves 37 missing

Ukrainian mine blast leaves 37 missing

A gas explosion at a colliery in Ukraine's Donbass coalfield on Sunday left 37 miners missing after it destroyed the mine shaft, making rescue attempts very difficult, officials said on Sunday.
Published 09 Jun, 2008 12:00am
China 'quake lake' still dangerous despite drainage

China 'quake lake' still dangerous despite drainage

China claimed initial success Sunday in draining a swollen "quake lake" in the country's south-west, but water levels kept rising and senior officials warned the situation remained dangerous.
Published 09 Jun, 2008 12:00am
28 rebels killed in Sri Lanka

28 rebels killed in Sri Lanka

Sri Lanka's defence ministry said Sunday its forces had killed at least 28 Tamil Tiger rebels in the latest clashes across the north of the island. The fighting on Saturday in the Mannar, Vavuniya, Weli Oya and Jaffna areas saw one soldier killed, the min
Published 09 Jun, 2008 12:00am
Turkish military hits PKK target in north Iraq

Turkish military hits PKK target in north Iraq

Turkish warplanes struck a Kurdish guerrilla target in northern Iraq on Saturday night, the military said in a statement on its website. The General Staff said the air operation was carried out at 1930 GMT, and did not give details other than its warplane
Published 09 Jun, 2008 12:00am
Obama-McCain battle to begin in earnest after Clinton bows out

Obama-McCain battle to begin in earnest after Clinton bows out

The battle for the White House between the top Republican and Democratic contenders was set to begin in earnest Sunday after Democrat Hillary Clinton formally bowed out of the race and threw her support behind Barack Obama.
Published 09 Jun, 2008 12:00am
Hamas and Fatah talks help restore trust: OIC chief

Hamas and Fatah talks help restore trust: OIC chief

Talks between Fatah and Hamas in the Senegalese capital Dakar this weekend had restored "an atmosphere of trust and mutual respect" between the Palestinian factions, a statement signed by both sides said on Sunday.
Published 09 Jun, 2008 12:00am
Iraq violence leaves 12 dead, al Qaeda militants held

Iraq violence leaves 12 dead, al Qaeda militants held

Iraqi police captured suspected members of an al Qaeda terror cell on Sunday and seized many explosive belts ready for use in suicide bombings in western Iraq, while a wave of attacks across the country left at least 12 people dead and 39 injured.
Published 09 Jun, 2008 12:00am
Zia and Hasina to be freed

Zia and Hasina to be freed

Bangladesh's army-backed emergency government is preparing to free the country's top two political party leaders-former premiers who are being held on corruption charges, reports said Sunday. Bangladeshi newspapers said Khaleda Zia and Sheikh Hasina Wajed
Published 09 Jun, 2008 12:00am
Shelling kills 15, injures 64 in Somalia

Shelling kills 15, injures 64 in Somalia

At least 15 people were killed and 64 wounded Sunday when shells rained down on an open market in Somalia's capital city Mogadishu during fighting between government troops and Islamic insurgents, witnesses and officials said.
Published 09 Jun, 2008 12:00am
Tokyo shares may strike fresh five-month highs

Tokyo shares may strike fresh five-month highs

Japanese shares may strike fresh five-month highs next week if the dollar continues its recovery against the yen, brightening the outlook for exporters here, dealers said on Friday. But the market outlook will be heavily influenced by how Wall Street reac
Published 09 Jun, 2008 12:00am
Malaysian shares outlook may remain gloomy

Malaysian shares outlook may remain gloomy

The outlook for Malaysia's bourse is gloomy for the week ahead, after a 41-percent fuel price hike that has triggered fears of inflation and lower economic growth, analysts said on Friday.
Published 09 Jun, 2008 12:00am
Hong Kong shares likely to remain flat as caution lingers

Hong Kong shares likely to remain flat as caution lingers

Hong Kong share prices are likely to trade flat next week because of the fall of the China market and a lack of buying support, dealers said. For the week to June 6, the Hang Seng Index closed at 24,402.18, down 130.94 points or 0.53 percent on the previo
Published 09 Jun, 2008 12:00am
Thai shares likely to see up trend

Thai shares likely to see up trend

Thai share prices are likely to rise slightly as investors keep a cautious eye on Thailand's political stability, which has been shaken by fears of a new coup, a dealer said on Friday. "The market is likely to rise, but will stay range-bound next week. We
Published 09 Jun, 2008 12:00am
Indian shares expected to slip further

Indian shares expected to slip further

Indian shares are expected to slip further amid concerns of rising inflation and oil prices, dealers said. They said investor sentiment remains weak on concerns that India's central bank may hike rates or increase the portion of cash commercial banks must
Published 09 Jun, 2008 12:00am
Philippines shares to struggle amid lack of good news

Philippines shares to struggle amid lack of good news

Philippines share prices will struggle amid a lack of good news, a dealer said Friday. Rommel Macapagal of Westlink Global Equities put the support level at about 2,700 points, warning that this level would be tested in the coming week. "If that doesn't h
Published 09 Jun, 2008 12:00am
Key Asian currencies mixed against dollar

Key Asian currencies mixed against dollar

Key Asian currencies ended the week mixed against the dollar as the United States announced hefty job loss figures and amid predictions of a US interest rate rise. The Thai baht fell further as foreign investors took fright over domestic concerns.
Published 09 Jun, 2008 12:00am
Singapore shares may remain range-bound

Singapore shares may remain range-bound

Singapore shares are likely to remain range-bound next week, a dealer said Friday. "It has been that way for more than two months now," said Chan Tuck Sing, director of UOB Kay Hian brokerage. "I don't think we are likely to see that trend being broken ne
Published 09 Jun, 2008 12:00am
Taiwan shares may gain on better China ties

Taiwan shares may gain on better China ties

Taiwan share prices are expected to extend gains next week on hopes of better ties with China ahead of bilateral talks due to be resumed after more than a decade, dealers said Friday.
Published 09 Jun, 2008 12:00am
IMF says rouble could become reserve currency

IMF says rouble could become reserve currency

The Russian rouble could potentially become a reserve currency if the country's economy continues to grow and inflation can be brought under control, an International Monetary Fund official said on Sunday.
Published 09 Jun, 2008 12:00am
Australian shares tipped to fall: dealers

Australian shares tipped to fall: dealers

Australian share prices are likely to continue to fall next week as the end of the financial year looms and investors sell off loss-making stocks, dealers said on Friday. For the week ending June 6, the benchmark S&P/ASX 200 closed down 62.6 points or 1.1
Published 09 Jun, 2008 12:00am
Dollar fate in focus before G8

Dollar fate in focus before G8

The fate of the U.S. dollar will be pivotal for global financial markets this week as the world's two most powerful central banks battle the commodity-driven inflation that has been spurred by the greenback's long slide.
Published 09 Jun, 2008 12:00am
Bangladesh targets higher GDP, lower inflation

Bangladesh targets higher GDP, lower inflation

Bangladesh's fiscal year 2008-09 (July-June) budget will propose revenue income and spending worth about a trillion taka ($14.6 billion), a top finance official said on Sunday. The new budget to be announced on Monday will mainly focus on cutting poverty
Published 09 Jun, 2008 12:00am
Kuwait's KIA in talks to invest in Syria

Kuwait's KIA in talks to invest in Syria

Kuwait's sovereign wealth fund is considering investing in Syria, according to a report, as Gulf Arab states seek new investment targets for their windfall gains from oil sales.
Published 09 Jun, 2008 12:00am
Kuwait's KIA in talks to invest in Syria

Kuwait's KIA in talks to invest in Syria

Kuwait's sovereign wealth fund is considering investing in Syria, according to a report, as Gulf Arab states seek new investment targets for their windfall gains from oil sales.
Published 09 Jun, 2008 12:00am
Gulf inflation threat mounts as oil hurtles to $150

Gulf inflation threat mounts as oil hurtles to $150

Oil's rapid acceleration toward $150 a barrel threatens to spur Gulf Arab inflation to new records as currency pegs to the ailing US dollar prevent the oil producers from mopping up excess liquidity.
Published 09 Jun, 2008 12:00am
German property fund to pour $6 billion into Asia

German property fund to pour $6 billion into Asia

German fund manager Union Investment Real Estate plans to invest up to 4 billion euros ($6.21 billion) in Asia over five years, hoping its drive for diversification will also give returns an extra kick.
Published 09 Jun, 2008 12:00am
Workers with ADHD less productive: WHO

Workers with ADHD less productive: WHO

Adults with attention-deficit /hyperactivity disorder (ADHD) do about one month's less work each year than people who don't have this condition, a new 10-country study from the World Health Organisation (WHO) demonstrates.
Published 09 Jun, 2008 12:00am
Heart surgery not linked to cognitive decline

Heart surgery not linked to cognitive decline

People who've undergone coronary bypass surgery are often noted to have some degree of mental impairment later on, but new findings indicate that the operation is not to blame for this. Researchers found that the cognitive decline seen in such patients is
Published 09 Jun, 2008 12:00am
No racial gap seen in liver transplant results

No racial gap seen in liver transplant results

In the 1980s and early 1990s, several studies found lower survival rates for African Americans and Asians who had a liver transplant, but now outcomes are comparable for Caucasians, African Americans, Hispanics, and Asians, new research indicates.
Published 09 Jun, 2008 12:00am
Food crisis affects health and disease

Food crisis affects health and disease

More than 20 countries already have serious problems of malnutrition and stunted growth as a result of the food crisis that has set back anti-poverty efforts by years, the World Health Organisation head said on June 03.
Published 09 Jun, 2008 12:00am
Diabetes test targets high-risk patients

Diabetes test targets high-risk patients

The Finnish Diabetes Risk Score may help identify high-risk patients who are most likely to benefit from intensive lifestyle intervention to prevent type 2 diabetes, results of a study published in the May issue of Diabetes Care suggest.
Published 09 Jun, 2008 12:00am
US climate bill dies; hope for 2009

US climate bill dies; hope for 2009

A US carbon-capping bill aimed at curbing climate change died on June 06 in the Senate but its supporters looked to the next president to enact a global warming law as early as 2009. The bill aimed to cut total US global warming emissions by 66 percent by
Published 09 Jun, 2008 12:00am
Full-feature Internet Explorer eight coming in August

Full-feature Internet Explorer eight coming in August

Microsoft Corp said on Tuesday it plans to test-release a feature-complete version of its Internet Explorer 8 Web browser in August. Microsoft released a first test version of IE 8 in March, providing developers and Web designers a preview of the latest u
Published 09 Jun, 2008 12:00am
Telecommuting grows in US

Telecommuting grows in US

On a typical day, Joanne Senn dresses her daughters for school, feeds her cats and fish, and buckles down to start her job at 7:15 am as an IBM software marketing manager.
Published 09 Jun, 2008 12:00am
Asustek and Acer launch low-priced mini laptops

Asustek and Acer launch low-priced mini laptops

Two major Taiwan computer sellers launched low-priced mini laptops at Asia's biggest computer show on Tuesday, both forecasting the shipment of millions of units this year. Asustek Computer Inc announced improvements to its successful "Eee PC" family at t
Published 09 Jun, 2008 12:00am
SanDisk eyes ultra low-cost PCs for flash drives

SanDisk eyes ultra low-cost PCs for flash drives

SanDisk Corp, the world's No 1 supplier of flash memory-based data storage cards, said it would target ultra low-cost personal computers and business-use laptop PCs to drive demand for its solid-state drives.
Published 09 Jun, 2008 12:00am
Hong Kong's websites the world's riskiest

Hong Kong's websites the world's riskiest

Hong Kong websites are the most likely to hit visitors with unwanted ads, viruses and spam, research from an Internet security company has found. More than 19 percent of websites using the ".hk" domain name pose a security threat to visitors, the research
Published 09 Jun, 2008 12:00am
Intel's smallest chip 'Atom' to ride portable PC wave

Intel's smallest chip 'Atom' to ride portable PC wave

Intel Corp said the market for smaller, low-cost personal computers, some of which can fit in one's pocket, could be as big as 10 billion dollars, driven by demand from emerging and matured markets.
Published 09 Jun, 2008 12:00am
Yahoo delivers search toolbar via software packager

Yahoo delivers search toolbar via software packager

Yahoo Inc has inked a deal to expand distribution of its Web search services on personal computers via a pact with software packaging firm Acresso Software, the companies said on Thursday.
Published 09 Jun, 2008 12:00am
Google lets sites tailor what searches users see

Google lets sites tailor what searches users see

Internet search leader Google Inc is expanding an existing service to let businesses customise the search results that visitors see when they search for information within their own sites.
Published 09 Jun, 2008 12:00am
Thai TAC to launch new high speed Internet early 2009

Thai TAC to launch new high speed Internet early 2009

Total Access Communication PCL, Thailand's number two mobile operator, said on Wednesday it would have to delay a new high speed Internet service until early or mid-2009 because of regulatory issues.
Published 09 Jun, 2008 12:00am
Google opens Buenos Aires office

Google opens Buenos Aires office

Internet search king Google opened an office in Buenos Aires on Friday, in a ceremony attended by President Cristina Kirchner, who stressed the Internet's role in the "democratisation" of information.
Published 09 Jun, 2008 12:00am
iPhone in Japan this year

iPhone in Japan this year

Japan's number three cellphone operator Softbank Mobile said on Wednesday it had clinched a deal to bring Apple's iPhone to Japan. Softbank hopes that the launch of the iPhone here will further boost its efforts to woo subscribers away from larger rivals
Published 09 Jun, 2008 12:00am
Turkmenistan allows Internet access to citizens

Turkmenistan allows Internet access to citizens

Turkmenistan is allowing private citizens to connect to the Internet, in the latest sign that the reclusive nation is opening up to the world. The country's only Internet provider says it's been connecting up to 20 homes daily since the start of the week.
Published 09 Jun, 2008 12:00am
Acer launches world's 1st 24-inch full-HD monitor

Acer launches world's 1st 24-inch full-HD monitor

Taiwan's major computer-maker Acer on Wednesday launched the world's first 24-inch full high-definition wide screen LCD monitor with 1080p resolution and 16:9 ratio. "The Acer P244W supports real 1080p content playback, pixel by pixel, without loss of ima
Published 09 Jun, 2008 12:00am
IN SHORT: Ofcom introduces new broadband speed code

IN SHORT: Ofcom introduces new broadband speed code

Internet service providers (ISP) in Britain will have to give greater clarity over their broadband speeds under a new code announced by media regulator Ofcom on Thursday. Under the code, service providers will have to provide customers with an accurate es
Published 09 Jun, 2008 12:00am
British Airways sees capacity cuts

British Airways sees capacity cuts

British Airways Plc expects to trim its capacity later this year, Chief Executive Willie Walsh said on June 02, due to the effects of soaring oil prices.
Published 09 Jun, 2008 12:00am
Dubai World to up its $4 billion investment in Africa

Dubai World to up its $4 billion investment in Africa

Dubai World, the investment group of the Dubai government said on June 04 it planned to increase its $4 billion investments on the African continent over the next few years. Dubai World's chairman, Sultan Ahmed bin Sulayem, said he was confident that the
Published 09 Jun, 2008 12:00am
New Islamic bank plans $9 billion Bahrain listing

New Islamic bank plans $9 billion Bahrain listing

A group of Gulf banks and investors plan to raise $9 billion by selling shares in a planned Islamic investment bank which will tap the rising liquidity in Muslim nations, a senior banker said on June 02.
Published 09 Jun, 2008 12:00am
Junior boys French Open title for Taiwan's Yang

Junior boys French Open title for Taiwan's Yang

Tsung-Hua Yang of Taiwan won the junior boys singles title at the French Open on Sunday defeating Poland's 12th seed Jerzy Jankowicz 6-3, 7-6 (7/5) The unseeded Yang was well in control of the first set but fell 0-5 down in the second before clawing his w
Published 09 Jun, 2008 12:00am
Iranian inflation tops 25 percent

Iranian inflation tops 25 percent

Inflation in Iran, the subject of heavy criticism against the government of President Mahmoud Ahmadinejad, rose again over the past month to over 25 percent, the central bank said on Sunday. Inflation in the last Iranian month of Ordibehesht ending May 20
Published 09 Jun, 2008 12:00am
Malaysia to review mega projects to ease oil strain

Malaysia to review mega projects to ease oil strain

Malaysia will review the implementation of some large government projects as part of a plan to ease the burden on state finances due to soaring crude oil prices, a government minister was quoted as saying on Sunday.
Published 09 Jun, 2008 12:00am
China's food crisis requires new thinking to resolve

China's food crisis requires new thinking to resolve

China's rising grain demand is poised to exacerbate the global food crisis over the next years.Having only 7 per cent of the world's total farmable land at its disposal, the country nevertheless has to feed about one-fifth of the earth's population.
Published 09 Jun, 2008 12:00am
South Korea targets poor with fiscal package as oil soars

South Korea targets poor with fiscal package as oil soars

South Korea said on Sunday it will hand out $10.2 billion to its lowest-income citizens over the next year to offset the skyrocketing price of oil, emulating Asian neighbours in targeting subsidies at the poor.
Published 09 Jun, 2008 12:00am
Palestinian salaries delayed as Israel blocks funds

Palestinian salaries delayed as Israel blocks funds

The Palestinian Authority has delayed paying its workers this month after Israel withheld tax funds in anger over Palestinian attempts to block upgraded European Union-Israeli ties, officials said on Sunday.
Published 09 Jun, 2008 12:00am
Iraq to sign deals with foreign oil firms: MEES

Iraq to sign deals with foreign oil firms: MEES

Iraq intends to sign Technical Support Agreements (TSAs) with foreign oil majors by the end of June to add an eventual 500,000 barrels per day (bpd) in output capacity, a specialist newsletter quoted the oil minister as saying.
Published 09 Jun, 2008 12:00am
Russia pledges to limit state role in economy

Russia pledges to limit state role in economy

Russia must limit the role of the state in its booming economy and make protection of private property its number one priority, a top member of Prime Minister Vladimir Putin's government said on Sunday.
Published 09 Jun, 2008 12:00am
Agony for Federer as Nadal wins again French Open

Agony for Federer as Nadal wins again French Open

Rafael Nadal defeated Roger Federer in the French Open final for the third year running on Sunday and joined Swedish legend Bjorn Borg as the only man to win four straight titles at Roland Garros.
Published 09 Jun, 2008 12:00am
Pedrosa steals the limelight in Catalunya

Pedrosa steals the limelight in Catalunya

Spaniard Dani Pedrosa rode his Honda over the finish line to victory in the Catalunya leg of the MotoGP world championship here on Sunday. Pedrosa took an early lead on the track which is only 20km from his home and finished well ahead of Italy's Valentin
Published 09 Jun, 2008 12:00am
Football: Japan beat Australia to finish third at Asian Cup

Football: Japan beat Australia to finish third at Asian Cup

Japan beat Australia 3-0 to secure third place at the Women's Asian Cup here on Sunday. Norio Sasaki's side opened the scoring in the 17th minute through Yuki Nagasato when she latched onto Yukari Kinga's cross and sent her shot over goalkeeper Melissa Ba
Published 09 Jun, 2008 12:00am
Vaughan wary ahead of 'ultimate' South Africa test

Vaughan wary ahead of 'ultimate' South Africa test

England captain Michael Vaughan admitted there was room for improvement from his side ahead of the "ultimate test" against South Africa despite a decisive win over New Zealand here Sunday.
Published 09 Jun, 2008 12:00am
Asif's drugs case handed to Dubai attorney general

Asif's drugs case handed to Dubai attorney general

An official inquiry into the drugs case against Pakistan paceman Mohammad Asif in Dubai is over, with the findings handed over to the attorney general, a Pakistani cricket official said Sunday. Asif, 25, was seized at Dubai airport last Sunday while retur
Published 09 Jun, 2008 12:00am
Shoaib Akhtar appeal tribunal put back a week

Shoaib Akhtar appeal tribunal put back a week

A tribunal hearing Pakistan fast bowler Shoaib Akhtar's appeal against a five-year ban has been put off for a week, an official said Sunday. "The tribunal heard arguments from the lawyer of the Pakistan Cricket Board (PCB) and lawyers of Akhtar, and the n
Published 09 Jun, 2008 12:00am
Global demand to strain diamond supply: De Beers

Global demand to strain diamond supply: De Beers

Surging global demand for high-quality diamonds from new markets such as China and India poses a supply challenge, a senior De Beers official said on June 04.
Published 09 Jun, 2008 12:00am
Acer ups sales forecast, sees small PC boom

Acer ups sales forecast, sees small PC boom

Taiwan's Acer Inc said on June 03 its sales will grow by more than 50 percent this year, raising its previous forecast as demand for laptops grows despite consumers feeling the pinch from an economic slowdown and rising fuel and food prices.
Published 09 Jun, 2008 12:00am
Acer ups sales forecast, sees small PC boom

Acer ups sales forecast, sees small PC boom

Taiwan's Acer Inc said on June 03 its sales will grow by more than 50 percent this year, raising its previous forecast as demand for laptops grows despite consumers feeling the pinch from an economic slowdown and rising fuel and food prices.
Published 09 Jun, 2008 12:00am
Renault may use cheap parts in main models

Renault may use cheap parts in main models

Renault will not introduce the 'ultra low cost car' it is developing with Bajaj and Nissan into the European market but could use parts for its other cars. "We aim to learn as much as we can from the ultra low cost car," said Jean-Louis Ricaud, executive
Published 09 Jun, 2008 12:00am
Companies may sell junk bonds in lieu of payments

Companies may sell junk bonds in lieu of payments

More US companies could choose to sell additional junk bonds rather than pay interest to investors as they try to conserve cash in a weakening economy. Along with drawing down revolving lines of credit and exchanging old debt for new, this is another sign
Published 09 Jun, 2008 12:00am
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