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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-07-07
Australian shares may face headwinds

Australian shares may face headwinds

The Australian share market is likely to be held "hostage" to world oil prices, dealers said on Friday as the market ended a six-trading-day losing streak. For the week ending July 4, the benchmark S&P/ASX 200 index fell 154.9 points, or 3.0 percent, to 5
Published 07 Jul, 2008 12:00am
Drizzle forecast for Karachi today

Drizzle forecast for Karachi today

The Met. Office has forecast cloudy weather with chances of drizzle for Karachi on Monday with maximum temperature range of 32-34 degrees centigrade. Partly cloudy weather has been forecast for Hyderabad division and partly cloudy/cloudy with chances of l
Published 07 Jul, 2008 12:00am
Cotton crop under threat

Cotton crop under threat

Different crops especially cotton is under threat due to unfavourable weather conditions, which led to increase in different pests' attacks on the crop. On the other hand, agriculture experts are advising against pesticides spray on the crops in the preva
Published 07 Jul, 2008 12:00am
Open kutchery today

Open kutchery today

Punjab Finance Minister Tanveer Ashraf Kaira will hold an open kutchery at provincial secretariat of Pakistan People's Party here at Faisal Town on July 7. He will listen to the public complaints against various departments and issue on the spot orders fo
Published 07 Jul, 2008 12:00am
Prime Minister for promotion of Pak-UAE co-operation in various fields

Prime Minister for promotion of Pak-UAE co-operation in various fields

Prime Minister Syed Yousuf Raza Gilani on Sunday received in audience the Ambassador designate to UAE, Khurshid Junejo here at the PM House. The Prime Minister termed United Arab Emirates as one of the most important countries with which Pakistan has alwa
Published 07 Jul, 2008 12:00am
Sialkot exports $900 million goods annually

Sialkot exports $900 million goods annually

Sialkot district is in the north-east of the Punjab province and situated on the feet of the snow-covered peaks of Kashmir near river Chenab. The Sialkot district is spread over an area of 3,016 square kilometres and consists of four tehsils, ie Sialkot,
Published 07 Jul, 2008 12:00am
Steps taken to cope with monsoon rains

Steps taken to cope with monsoon rains

Sialkot District Administration has finalised necessary measures to cope with any eventuality during monsoon this year. Official sources told Business Recorder on Sunday that Sialkot district has been divided into 15 sectors and 33 sub-sectors whil
Published 07 Jul, 2008 12:00am
Businessmen's misplaced loyalty to Musharraf

Businessmen's misplaced loyalty to Musharraf

The business community of Pakistan in general and of Karachi in particular is longing for the return of a period of time that is seen as better than the present of factories running at full throttle with high profitability. The businessmen had the ear of
Published 07 Jul, 2008 12:00am
Fourth Health Asia conference on cosmetic surgery held

Fourth Health Asia conference on cosmetic surgery held

The 4th Health Asia 2008 conference on cosmetics surgery was held here on Sunday organised by E-Commerce Gateway at Karachi Expo Centre. The chief guest at the conference was Ms Rohana Iqbal, President and owner, PHABA, whereas the Chairman and Co-Chairma
Published 07 Jul, 2008 12:00am
Rs 500 million subsidy on wheat earmarked for Balochistan

Rs 500 million subsidy on wheat earmarked for Balochistan

Balochistan government has earmarked Rs500 million for giving subsidy on wheat in the financial year 2008-09, in the province, official sources in the provincial food department told APP on Sunday.
Published 07 Jul, 2008 12:00am
Workshop on irrigation system today

Workshop on irrigation system today

One-day workshop on "Assessing the impact of physical and management interventions on irrigation system performance in Punjab" will be held at a local hotel on Monday. The workshop was organised by the International Water Management Institute (IWMI) in co
Published 07 Jul, 2008 12:00am
Demonstration against black-marketing of fertilisers held

Demonstration against black-marketing of fertilisers held

The growers of Badin district took out protest rally against artificial shortage and black marketing of fertilisers. The rally was taken out from Mehran Chowk, which culminated after passing through different roads of the city at Badin Press Club.
Published 07 Jul, 2008 12:00am
Project to provide expeditious justice to people launched

Project to provide expeditious justice to people launched

A six-year project has been launched in collaboration of UNDP in five select districts of the province to provide speedy, inexpensive and expeditious justice to the indigent people at their door steps. The project has helped in promoting "Alternate Disput
Published 07 Jul, 2008 12:00am
Lai Nullah flood forecasting project inauguration today

Lai Nullah flood forecasting project inauguration today

An inauguration ceremony of the "Lai Nullah Flood Forecasting and Warning system" project would be held here on Monday at Pakistan Meteorological Department. These equipment and facilities being given by government of Japan will ensure the accuracy of flo
Published 07 Jul, 2008 12:00am
Textile units to go on strike from July 11

Textile units to go on strike from July 11

In a sudden move all textile manufacturing, export-oriented and allied units have decided to go on strike for an unlimited period following government decision to enhance gas tariff, terming it 'last nail in the coffin'.
Published 07 Jul, 2008 12:00am
Show held to raise funds for Margallah tennis club

Show held to raise funds for Margallah tennis club

Belgian Ambassador, Michel Goffin and his wife, Meagen Baldwin hosted a glamorous dinner recently at their Islamabad residence followed by an entertainment show, aiming to generate funds for a new Margalla Tennis Club in sector, F-6/3. The ceremony, someh
Published 07 Jul, 2008 12:00am
Canal breach inundates standing crops inflicting huge losses

Canal breach inundates standing crops inflicting huge losses

The fifty feet wide breach occurred in the Goghera Branch canal near Chak 46-GD here early Sunday inundated hundreds acres of land besides damaging standing crops in the area and inflicting loss of millions rupees to growers.
Published 07 Jul, 2008 12:00am
Commodities prices turn a bit buyer friendly: increase in oil prices

Commodities prices turn a bit buyer friendly: increase in oil prices

The commodities were buyers friendly like, as the tempo that began with rapid stride in oil prices, has been pacified with groups, exports economists, and donors etc pleading for softer sentiment for majority who can hardly meet the liking trend during th
Published 07 Jul, 2008 12:00am
Cricket coaching camps to help groom children's skill: minister

Cricket coaching camps to help groom children's skill: minister

Both talents discovering and proper utilisation of summer vacations of children was the keynote of 6th A-O. Free Cricket Coaching Camp 2008 and it will be the source for having talented sportsman to shine the name of the country.
Published 07 Jul, 2008 12:00am
Body to probe KW&SB financial irregularities

Body to probe KW&SB financial irregularities

The Karachi Water and Sewerage Board (KW&SB) has decided to establish a committee to unearth financial irregularities in the board, which are said to cause the recent financial crisis being confronted by the utility. The KW&SB is facing huge financial cri
Published 07 Jul, 2008 12:00am
Sand lifting banned

Sand lifting banned

The Zila Nazim Hyderabad Kanwar Naveed Jamil while exercising the powers conferred on him under section 144 Cr. PC has ordered for banning the lifting of sand from protective bunds of Indus River and declare the protective bunds as prohibited area for the
Published 07 Jul, 2008 12:00am
New crop lint rates more viable for exporters than spinners

New crop lint rates more viable for exporters than spinners

Cotton sowing operation has almost ended. Field reports indicate that sowing target may fall short from 3.2 million hectares by about 10 percent to 2.9 million hectares; reason for this short fall being delay of six weeks in supply of irrigation water in
Published 07 Jul, 2008 12:00am
New crop lint rates more viable for exporters than spinners

New crop lint rates more viable for exporters than spinners

Cotton sowing operation has almost ended. Field reports indicate that sowing target may fall short from 3.2 million hectares by about 10 percent to 2.9 million hectares; reason for this short fall being delay of six weeks in supply of irrigation water in
Published 07 Jul, 2008 12:00am
Railway needs Rs 137 million to resume defunct communication

Railway needs Rs 137 million to resume defunct communication

The Divisional Superintendent of Railway Karachi, Mir Muhammad Khaskheli has said that the railway needs Rs137 million to resume the train communication lying defunct for the last 10 years. He informed Business Recorder on Sunday that the railway i
Published 07 Jul, 2008 12:00am
A stagnant tax: GDP ratio

A stagnant tax: GDP ratio

Despite reform initiatives mounted by FBR, the ratio of direct taxes to GDP in Pakistan has remained stagnant at 3 percent over the last many years, which is the lowest ratio among the countries of this region, says a Recorder Report, quoting the FBR Quar
Published 07 Jul, 2008 12:00am
The return of Bhuttos

The return of Bhuttos

To many an inquisitive mind, the transference of Bhuttoism following the tragic death of Benazir Bhutto from Bhuttos to Zardaris was too smooth to be real. As it took place by the graveside of their slain leader late last December, none of the PPP stalwar
Published 07 Jul, 2008 12:00am
After lending spree, Baltics feel the pinch

After lending spree, Baltics feel the pinch

After years of easy credit that boosted spectacular economic growth in the Baltics, tougher times are ahead for lenders and borrowers in the three European Union nations. "In the last four months, we saw the same number of loan default cases as in all of
Published 07 Jul, 2008 12:00am
Poles in Britain trickle home, but most stay

Poles in Britain trickle home, but most stay

Walk down some streets in west London these days and you could be in downtown Warsaw: from thriving Polish supermarkets and cafes to the hum of Slavic chatter and rich smell of Polish dumplings. And while some of the hundreds of thousands of Poles who hav
Published 07 Jul, 2008 12:00am
Turning garbage into gold

Turning garbage into gold

Through your newspaper I would like to inform that Karachi generates 8,000 tons of garbage daily and this could be stored at dumping sites in the city, which will eventually be transferred to landfill sites outside the city.
Published 07 Jul, 2008 12:00am
Our response to energy crisis

Our response to energy crisis

I would like to draw the attention of the concerned authorities to electricity thefts at marriages and other parties. Despite the hue and cry on energy shortage we, the citizens, are also not fulfilling our responsibilities. We are facing severe power cri
Published 07 Jul, 2008 12:00am
Railway earns Rs 7,257 million from Karachi Division

Railway earns Rs 7,257 million from Karachi Division

Despite broken infrastructure following massive damage caused by mobs after assassination of PPP Chairperson Benazir and abnormal train operation, Pakistan Railway Karachi Division, earned a record revenue of Rs 7257.318 million during the fiscal 2007-08
Published 07 Jul, 2008 12:00am
Israel tests missile interceptor: report

Israel tests missile interceptor: report

Israel has successfully tested a new defence system designed to intercept rockets fired from southern Lebanon and the Hamas-ruled Gaza Strip, public radio reported on Sunday.
Published 07 Jul, 2008 12:00am
China mine gas kills at least 21

China mine gas kills at least 21

At least 21 miners were killed by carbon monoxide gas poisoning in a coal mine in northern China on Sunday, the latest in a series of disasters in an industry stretched by increasing energy demand.
Published 07 Jul, 2008 12:00am
20 dead, 20,000 marooned in Bangladesh rains

20 dead, 20,000 marooned in Bangladesh rains

At least 20 people have died and more than 20,000 left marooned as heavy rains over the past week triggered landslides and floods in south-east Bangladesh, an official said Sunday. Three landslides caused by torrential monsoon rains killed 10 people while
Published 07 Jul, 2008 12:00am
Five blasts in Georgia near conflict zone

Five blasts in Georgia near conflict zone

Georgian officials said there were five explosions near the de-facto border between Georgia and its breakaway region of Abkhazia on Sunday, in the latest sign of growing tensions between Tbilisi and separatists.
Published 07 Jul, 2008 12:00am
Israel reopens Gaza crossings

Israel reopens Gaza crossings

Israel reopened border crossings to the Gaza Strip on Sunday after closing them last week when a rocket was fired from the Hamas-ruled territory in defiance of a two-week-old truce. "The Sufa, Nahal Oz, and Erez crossings are open for the passage of goods
Published 07 Jul, 2008 12:00am
No quick end to Mongolia political turmoil in sight

No quick end to Mongolia political turmoil in sight

Private television was back on the air, alcohol on sale and restaurants open after the end of Mongolia's emergency rule, but a week after a disputed election the country's political problems were still far from resolved. Prime Minister Sanjaagiin Bayar ur
Published 07 Jul, 2008 12:00am
15 killed in Iraq attacks

15 killed in Iraq attacks

At least 15 people were killed across Iraq on Sunday, including seven by a bomb targeting a local leader of President Jalal Talabani's political party, officials said. The bomb exploded in the town of Qara Tappa in the restive province of Diyala outside t
Published 07 Jul, 2008 12:00am
Former Bangladesh Prime Minister's son gets court exemption: lawyer

Former Bangladesh Prime Minister's son gets court exemption: lawyer

A court in Bangladesh on Sunday declared the eldest son and heir apparent of former premier Khaleda Zia too ill to appear in court, his lawyer said. The decision came after Tareque Rahman, who is being tried for taking kickbacks to suppress a murder case,
Published 07 Jul, 2008 12:00am
Syria accuses inmates over deadly prison riot

Syria accuses inmates over deadly prison riot

The Syrian authorities on Sunday blamed inmates for provoking a riot in a prison for political detainees that human rights groups said left at least 25 people dead. "Prisoners sentenced for crimes of terrorism and extremism caused trouble... in the Saydna
Published 07 Jul, 2008 12:00am
Tens of thousands uprooted by floods in north-east India

Tens of thousands uprooted by floods in north-east India

Flash floods triggered by heavy monsoon rains have washed away thousands of homes and displaced more than 50,000 people in India's north-eastern state of Assam, officials said Sunday. A government spokesman said the state's eastern district of Lakhimpur w
Published 07 Jul, 2008 12:00am
Suu Kyi vote win 'no longer legal': media

Suu Kyi vote win 'no longer legal': media

The victory by democracy leader Aung San Suu Kyi's party in 1990 elections is "no longer legal," Myanmar state media said Sunday, urging her supporters to prepare for new polls. The official New Light of Myanmar newspaper, a government mouthpiece, ran a c
Published 07 Jul, 2008 12:00am
Obama struggles to thread needle on Iraq

Obama struggles to thread needle on Iraq

After months vowing to get US troops home from Iraq, Barack Obama has succumbed to the war's political entanglements, struggling to explain his plan in the light of recent security gains.
Published 07 Jul, 2008 12:00am
Karzai orders probe into civilian deaths

Karzai orders probe into civilian deaths

Afghan President Hamid Karzai has ordered an investigation into a US-led coalition airstrike that local officials say killed 22 civilians, but the US military says killed only armed Taliban militants. An Afghan district governor said 22 people, most of th
Published 07 Jul, 2008 12:00am
Miliband calls for world action on Zimbabwe

Miliband calls for world action on Zimbabwe

British Foreign Secretary David Miliband on Sunday called on the international community to unite in condemning the re-election of Zimbabwean President Robert Mugabe and said the opposition should now come to power.
Published 07 Jul, 2008 12:00am
Parents of murdered French student appeal to killer

Parents of murdered French student appeal to killer

The parents of one of the two French students murdered in London a week ago in a frenzied knife attack appealed on Sunday for the killer to come forward and said they would not rest until the guilty party was found.
Published 07 Jul, 2008 12:00am
London investors await BoE rate decision

London investors await BoE rate decision

London investors will train their sights on the Bank of England, where current interest rates are expected to be maintained, as the second half of the year got underway on a negative note. The London FTSE 100 index in the first week of the new semester ga
Published 07 Jul, 2008 12:00am
Seoul shares expected to decline

Seoul shares expected to decline

South Korean shares could fall further in the coming week as oil price rises continue and foreign investors show no signs of returning to the local bourse, analysts said on Friday. The benchmark KOSPI index is likely to test this year's low of 1,574.44 po
Published 07 Jul, 2008 12:00am
Japanese government bonds move higher

Japanese government bonds move higher

Japanese government bonds pushed higher on Friday, with investors relieved after the European Central Bank (ECB) failed to signal any further tightening of monetary policy and a 10-year bond auction the previous day went better than expected. The Nikkei s
Published 07 Jul, 2008 12:00am
Japanese government bonds move higher

Japanese government bonds move higher

Japanese government bonds pushed higher on Friday, with investors relieved after the European Central Bank (ECB) failed to signal any further tightening of monetary policy and a 10-year bond auction the previous day went better than expected. The Nikkei s
Published 07 Jul, 2008 12:00am
Hong Kong shares likely to struggle

Hong Kong shares likely to struggle

Hong Kong shares are likely to remain volatile, as uncertainty continues to grip investors over a whole range of issues, dealers said. For the week ended July 4, the Hang Seng Index closed down 2.8 percent or 619 points at 21,423.82. It has fallen more th
Published 07 Jul, 2008 12:00am
Malaysian shares expected to slide further

Malaysian shares expected to slide further

Malaysian shares are likely to fall further due to the stormy domestic political climate and worries about a weak US economy, analysts said. They said allegations about deputy prime minister Najib Razak's involvement in the murder of a Mongolian woman as
Published 07 Jul, 2008 12:00am
Transfer system turns players into 'mercenaries': Wenger

Transfer system turns players into 'mercenaries': Wenger

Arsenal manager Arsene Wenger has vented his frustration over the transfer system, saying it encouraged footballers to become financial "mercenaries". The London club have already lost the services of star midfielder Mathieu Flamini, who turned down a new
Published 07 Jul, 2008 12:00am
Days of wearable gadgets not far away

Days of wearable gadgets not far away

Rolling your eyes to turn up the volume of a portable music player and tapping your fingers to turn on a DVD player are among technologies Japan's top mobile carrier is testing for "wearable" gadgets.
Published 07 Jul, 2008 12:00am
Windows XP expires

Windows XP expires

Microsoft officially retired Windows XP on Monday, forcing buyers of new computers to go with the operating system's unpopular successor Windows Vista. The retirement affects copied of XP sold to large computer makers and stores. Consumers will still be a
Published 07 Jul, 2008 12:00am
'No security threat from BlackBerry'

'No security threat from BlackBerry'

BlackBerry mobile devices do not pose a security threat and no permission is needed from the Indian government to make the service available, an official said Wednesday, according to media reports.
Published 07 Jul, 2008 12:00am
Nokia and Telenor sign Internet services deal

Nokia and Telenor sign Internet services deal

The world's top cellphone maker Nokia said on Thursday it had signed a co-operation agreement with Norwegian telcom group Telenor for its "Ovi" Internet services platform.
Published 07 Jul, 2008 12:00am
Mozilla claims Guinness Record for downloads

Mozilla claims Guinness Record for downloads

Mozilla, developer of open-source Web browser Firefox, said on Wednesday it set a new Guinness World Record for the largest number of software downloads in 24 hours. Over eight million people downloaded Firefox 3 in the period following its official launc
Published 07 Jul, 2008 12:00am
Huawei to deploy WiMAX network in Pakistan

Huawei to deploy WiMAX network in Pakistan

China's Huawei Technologies said on Wednesday it has been selected by Mobilink, the largest GSM operator in Pakistan and a subsidiary of Orascom Telecom, to deploy a commercial WiMAX 16e network.
Published 07 Jul, 2008 12:00am
France Telecom launches services in Niger

France Telecom launches services in Niger

France Telecom's Orange brand on Monday kicked off its Web, fixed and mobile phone services in Niger, seven months after winning a 48 million euro ($75.87 million) licence. Orange Niger said it started its services in the capital Niamey as well as in four
Published 07 Jul, 2008 12:00am
IN SHORT: technology to raise IT utilisation under study

IN SHORT: technology to raise IT utilisation under study

Asian information technology (IT) managers consider technology that can increase IT utilisation rates of computers and storage hardware as exerting the biggest influence on their industries, a published survey said on Monday.
Published 07 Jul, 2008 12:00am
Agora sees more buys

Agora sees more buys

Future acquisitions by Polish media group Agora designed to expand its Internet presence should not weigh significantly on results, its chief executive told Reuters on July 02. Agora shares fell almost 40 percent in the first half of 2008, as investors pu
Published 07 Jul, 2008 12:00am
Dubai gold exchange snubs merger mania

Dubai gold exchange snubs merger mania

The Dubai Gold and Commodities Exchange (DGCX) will avoid the merger mania of other commodity exchanges and focus on its own organic growth, the bourse's chief executive said on July 03. The DGCX is the major commodities centre in the region. It is one of
Published 07 Jul, 2008 12:00am
Oil producers can solve supply woes: Exxon

Oil producers can solve supply woes: Exxon

Oil producing countries need to remove barriers to investment to ensure global oil markets are well supplied, but are unlikely to do so as long as prices remain high, Exxon Mobil's CEO said on July 02. "If governments are unhappy with the current supply-d
Published 07 Jul, 2008 12:00am
Petra sees five-fold diamond output rise by 2010

Petra sees five-fold diamond output rise by 2010

AIM-listed miner Petra Diamonds expects to increase diamond production in its South African mines five-fold to more than 1 million carats a year by 2010 and sees a firm tone in diamond prices, its CEO has said.
Published 07 Jul, 2008 12:00am
Caterpillar sees China sales doubling by 2010

Caterpillar sees China sales doubling by 2010

Caterpillar Inc is banking on strong revenue growth in Asia, particularly in China, to help offset weaker business in North America, a senior executive with the US heavy machinery maker said on July 04.
Published 07 Jul, 2008 12:00am
Caterpillar sees China sales doubling by 2010

Caterpillar sees China sales doubling by 2010

Caterpillar Inc is banking on strong revenue growth in Asia, particularly in China, to help offset weaker business in North America, a senior executive with the US heavy machinery maker said on July 04.
Published 07 Jul, 2008 12:00am
Japan's ANA looking to buy five A380s

Japan's ANA looking to buy five A380s

All Nippon Airways (ANA) is likely to buy five A380 jetliners and become the first Japanese carrier to fly the new superjumbo from Airbus, a news report said on July 04. Japan's second-largest carrier is in the final stages of the deal, which is part of e
Published 07 Jul, 2008 12:00am
Mortgage ruling could shock US banking industry

Mortgage ruling could shock US banking industry

A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a US appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law.
Published 07 Jul, 2008 12:00am
ING Taiwan insurance eyes international stocks

ING Taiwan insurance eyes international stocks

The Taiwan life insurance arm of Dutch financial services firm ING Group is mulling its first investments in international stocks as it aims at higher returns while riding out turbulence in Taiwan's stock market.
Published 07 Jul, 2008 12:00am
Barclays offers OTC commodity service to funds

Barclays offers OTC commodity service to funds

Barclays Capital is the first bank to offer to intermediate over-the-counter (OTC) commodity trades that will save hedge funds money and reduce paperwork, the investment bank told Reuters. Mark Croxon, a director at the bank said the service comparable to
Published 07 Jul, 2008 12:00am
Barclays offers OTC commodity service to funds

Barclays offers OTC commodity service to funds

Barclays Capital is the first bank to offer to intermediate over-the-counter (OTC) commodity trades that will save hedge funds money and reduce paperwork, the investment bank told Reuters. Mark Croxon, a director at the bank said the service comparable to
Published 07 Jul, 2008 12:00am
Brazil's Amaral signs with Perth Glory

Brazil's Amaral signs with Perth Glory

Former Brazilian international midfielder Amaral has signed with Australian A-League club Perth Glory for next season, the club said Sunday.
Published 07 Jul, 2008 12:00am
Muscle strain to sideline Gay for two weeks

Muscle strain to sideline Gay for two weeks

World 200 metres champion Tyson Gay has a mild muscle strain in his left leg and will be unable to train at full strength for up to two weeks, his management company said on Sunday. Gay crashed out of the US 200 metres quarter-finals on Saturday, tumbling
Published 07 Jul, 2008 12:00am
New Zealand cricket says Zimbabwe tour still on

New Zealand cricket says Zimbabwe tour still on

The New Zealand cricket team will tour Zimbabwe next year unless ordered not to by the government, NZ Cricket chief executive Justin Vaughan was reported as saying Sunday.
Published 07 Jul, 2008 12:00am
China Olympic city battles 'invading' algae

China Olympic city battles 'invading' algae

In China's Olympic co-host city Qingdao, sea breezes that usually bring relief from baking summer temperatures now bring a cloying stench from a massive algae bloom that locals fear will harm the city's bucolic image during the Games.
Published 07 Jul, 2008 12:00am
Vaughan vows knee won't stop him against South Africa

Vaughan vows knee won't stop him against South Africa

England captain Michael Vaughan has insisted his longstanding knee problem won't prevent him from getting through all four Tests of the upcoming series with South Africa after undergoing a fresh course of injections on Saturday. The team head to Lord's fo
Published 07 Jul, 2008 12:00am
Qotbi back with Iran's Persepolis

Qotbi back with Iran's Persepolis

Iranian-American football coach Afshin Qotbi has signed a new contract with Iran's league champions Persepolis, just a month after he quit the club for family reasons, media reported Sunday.
Published 07 Jul, 2008 12:00am
Indian shares likely to face uncertainty

Indian shares likely to face uncertainty

Indian shares may remain choppy as global crude prices and domestic inflation continue to surge, dealers said. Investors will eye two near-term triggers next week, the political fall-out to the controversial nuclear deal with the US and first quarter corp
Published 07 Jul, 2008 12:00am
Hyundai cuts, Kia lifts domestic sales target

Hyundai cuts, Kia lifts domestic sales target

Hyundai Motor Co, South Korea's top auto maker, said on Sunday it had cut its local sales target for this year by 6 percent as record-breaking oil prices are hitting consumer sentiment in Asia's fourth-largest economy.
Published 07 Jul, 2008 12:00am
Climate change may cut South Africa corn crop sharply

Climate change may cut South Africa corn crop sharply

Climate change could cut South Africa's maize crop by 20 percent within 15 to 20 years as the west of the country dries out while the east is afflicted with increasingly severe storms, its environment minister said on Sunday.
Published 07 Jul, 2008 12:00am
'Developing nations summit must tackle global inflation crisis'

'Developing nations summit must tackle global inflation crisis'

The D8 group of developing nations must tackle the issue of rising fuel and food prices at its summit here this week, Malaysian Foreign Minister Rais Yatim said Sunday. Iran on Saturday rejected Malaysia's proposal to discuss the spiralling price of crude
Published 07 Jul, 2008 12:00am
South Korea announces first oil contingency measures

South Korea announces first oil contingency measures

South Korea said on Sunday it was implementing a multi-stage contingency plan aimed at reducing energy consumption before the skyrocketing oil prices push Asia's fourth-largest economy into a full-fledged crisis.
Published 07 Jul, 2008 12:00am
Brown to push Medvedev on Litvinenko murder: widow

Brown to push Medvedev on Litvinenko murder: widow

Britain will press Russia at this week's G8 summit on the murder of ex-KGB agent Alexander Litvinenko, his widow said Sunday, citing a letter from Foreign Secretary David Miliband. In a letter to Marina Litvinenko, Miliband said British Prime Minister Gor
Published 07 Jul, 2008 12:00am
Tokyo investors hope for reassurance from G8

Tokyo investors hope for reassurance from G8

With Tokyo shares on the longest losing streak in half a century, investors want reassurance from the Group of Eight powers next week that they are determined to shore up the world economy, analysts say. The benchmark Nikkei index has fallen for 12 straig
Published 07 Jul, 2008 12:00am
Singapore shares may trade without direction

Singapore shares may trade without direction

Singapore shares are likely to trade in line with their regional peers but without clear direction, dealers said. United States stock markets were closed on Friday for the Independence Day holiday, leaving Asian bourses to provide the leads, dealers said.
Published 07 Jul, 2008 12:00am
Asian currencies mostly down against dollar

Asian currencies mostly down against dollar

Major Asian currencies ended the week mainly lower against the dollar as US jobs data was not as bad as feared, although concern persisted over the state of the world's largest economy.
Published 07 Jul, 2008 12:00am
'Thailand market likely to rebound'

'Thailand market likely to rebound'

The Thai stock market will likely rise slightly mainly due to a short-term technical rebound after the market fell heavily over the past month, an analyst said. The bourse has been on the decline mainly because of political instability over the past month
Published 07 Jul, 2008 12:00am
Hyundai cuts, Kia lifts domestic sales target

Hyundai cuts, Kia lifts domestic sales target

Hyundai Motor Co, South Korea's top auto maker, said on Sunday it had cut its local sales target for this year by 6 percent as record-breaking oil prices are hitting consumer sentiment in Asia's fourth-largest economy.
Published 07 Jul, 2008 12:00am
Taiwan shares may extend downside: dealers

Taiwan shares may extend downside: dealers

Taiwan share prices are expected to face more selling next week on weak confidence after the market hit a 21-month low amid a spike in international crude oil prices, dealers said on Friday. Lingering fears of further volatility on Wall Street are likely
Published 07 Jul, 2008 12:00am
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