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Print - 2008-09-05
US Midwest soyabean, corn bids hold steady

US Midwest soyabean, corn bids hold steady

Spot basis bids for soyabeans and corn held steady at most interior processors and elevators around the US Midwest on Wednesday, grain dealers said. Cash bids for both commodities were mixed at river locations, rising at terminals along the Illinois River
Published 05 Sep, 2008 12:00am
Sarkozy says Pakistan also at stake in Afghan campaign

Sarkozy says Pakistan also at stake in Afghan campaign

France's President Nicolas Sarkozy said on Thursday that pulling out of Afghanistan, where 10 French troops were killed by the Taliban last month, would amount to abandoning Pakistan. "If we abandon Afghanistan we will be abandoning Pakistan, which doesn'
Published 05 Sep, 2008 12:00am
US wheat futures rally

US wheat futures rally

US wheat futures rallied on Wednesday, bucking declines in other grains, as traders covered short positions amid news of a US wheat sale to Egypt, traders said. Egypt bought a total of 292,500 tonnes of Canadian, US, Ukrainian wheat at a snap tender; the
Published 05 Sep, 2008 12:00am
Philippines soyameal imports to fall 20 percent

Philippines soyameal imports to fall 20 percent

Philippine soyameal imports are likely to fall 20 percent to below 1.3 million tonnes in 2008, as higher global prices and disease-thinned animal flocks blunt demand, a senior industry official said on Thursday. The Philippines imports the bulk of its soy
Published 05 Sep, 2008 12:00am
Brisk trading seen on cotton market

Brisk trading seen on cotton market

Brisk trading was seen on the cotton market on Thursday as exporters were the active buyers to cover the forward buying, dealers said. The official spot rate was unchanged at Rs 4,125, they said. Phutti prices in Sindh were slightly lower at Rs 1,900-Rs 1
Published 05 Sep, 2008 12:00am
Dyes prices up on Jodia Bazaar

Dyes prices up on Jodia Bazaar

The trading in dyes ended up on Jodia Bazaar here on Thursday. The following changes were noted.
Published 05 Sep, 2008 12:00am
Gram prices fall sharply

Gram prices fall sharply

Surprising but not shocking factor was seen on the grain market on Thursday as gram prices fell sharply in the month of Ramazan, when the poor masses hope in the rates, dealers said.
Published 05 Sep, 2008 12:00am
Stable condition seen on cotton market

Stable condition seen on cotton market

Throughout this week, lint values remained steady and stable with few spikes or price reversals of any significant magnitude. generally speaking, daily reported turnover of cotton ranged between 25,000 to 30,000 bales.
Published 05 Sep, 2008 12:00am
Stable condition seen on cotton market

Stable condition seen on cotton market

Throughout this week, lint values remained steady and stable with few spikes or price reversals of any significant magnitude. generally speaking, daily reported turnover of cotton ranged between 25,000 to 30,000 bales.
Published 05 Sep, 2008 12:00am
US copper up

US copper up

US copper futures ended up on Wednesday in an extension of a short-covering bounce from the prior session's slide to seven-month lows, though the overall trend still pointed lower, analysts said. Copper for December delivery closed up 3.90 cents at $3.312
Published 05 Sep, 2008 12:00am
Shanghai copper ends steady

Shanghai copper ends steady

Shanghai copper was steady on Thursday while London futures ticked lower as investors weighed the potential return of Chinese buyers to the international market against a stronger dollar and slowing growth in Europe.
Published 05 Sep, 2008 12:00am
India eases rice curbs

India eases rice curbs

India has eased its ban on exports of non-basmati rice and allowed shipments of a premium aromatic, long-grained variety from next month, joining the ranks of top global producers relaxing curbs. The commerce ministry said exports of the Pusa-1121 variety
Published 05 Sep, 2008 12:00am
Tokyo rubber off high

Tokyo rubber off high

Tokyo rubber futures edged up, but fell off from early highs on Thursday as a sharp drop in US car sales and weakness in oil prices triggered profit-taking. But unseasonal rain in producing countries could be disrupting tapping. The political crisis in Th
Published 05 Sep, 2008 12:00am
US rice futures rally

US rice futures rally

US rough rice futures on the Chicago Board of Trade rallied on Wednesday, bucking the weaker trend in other CBOT grains, on delays in the US harvest due to rains and the immaturity of the crop, traders said. September rice ended 29 cents higher at $18.44
Published 05 Sep, 2008 12:00am
New York sugar softens

New York sugar softens

Raw sugar futures settled near their session lows on Wednesday as funds continued to liquidate amid a downturn in sentiment tied to the news of a commodities-focused hedge fund closure, brokers said. Trading ranged from 12.50 cents to 12.75 cents. Volume
Published 05 Sep, 2008 12:00am
US soyabean futures slip to 2-1/2 week low

US soyabean futures slip to 2-1/2 week low

US soybean futures on the Chicago Board of Trade fell to a 2-1/2 week low on Wednesday, pressured by the drop in crude oil and the advancing dollar, traders said. September soybeans ended 50-1/2 cents lower at $12.51 a bushel. More heavily traded November
Published 05 Sep, 2008 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian crude plam oil rose more than 2 percent on Thursday, bouncing back from a two-day fall, as crude oil recovered and as traders bet on improving overseas demand. The price of the reddish-brown oil, which is used for products ranging from soap to b
Published 05 Sep, 2008 12:00am
Malaysian tin rises

Malaysian tin rises

Malaysian tin rose 1.5 percent on Thursday, supported by increased buying from Japanese and European investors, and following a firmer close on the London Metal Exchange, one dealer said.
Published 05 Sep, 2008 12:00am
Oil holds at $109 on demand concerns

Oil holds at $109 on demand concerns

Oil prices were little changed near $109 a barrel on Thursday as traders weighed concerns over slowing demand from major consumer countries against further hurricane threats to the US oil sector. Prices have tumbled by more than $6 since Friday after Hurr
Published 05 Sep, 2008 12:00am
Gold bounces from two-week low

Gold bounces from two-week low

Gold edged higher on Thursday as bargain hunting and physical buying countered volatile oil prices and recent gains in the US dollar, helping boost bullion after a brief dip to near its lowest in nine months. Platinum fell more than 3 percent to its weake
Published 05 Sep, 2008 12:00am
Tata targets prompt Nano launch

Tata targets prompt Nano launch

India's giant Tata Group said Thursday it aimed to launch the world's cheapest car as fast as possible despite fierce demonstrations against the plant being built to manufacture the vehicle. The statement by Tata chief Ratan Tata came as last-ditch talks
Published 05 Sep, 2008 12:00am
Wal-Mart leads better sales for US discount retailers

Wal-Mart leads better sales for US discount retailers

US discount retailers, led by Wal-Mart Stores Inc, posted stronger-than-expected August sales on Thursday as shoppers sought last-minute deals on back-to-school items and other products. The sales trends also benefited some specialty apparel retailers, li
Published 05 Sep, 2008 12:00am
Boeing workers vote to strike, but walkout delayed

Boeing workers vote to strike, but walkout delayed

Boeing Co's largest labour union said its members had rejected the plane maker's contract offer and voted to strike, but the union agreed to postpone a walkout for 48 hours to allow more time for negotiations.
Published 05 Sep, 2008 12:00am
ECB toughens collateral rules for accessing liquidity

ECB toughens collateral rules for accessing liquidity

The European Central Bank on Thursday unveiled plans to toughen the rules on the assets banks can submit as collateral in central bank lending operations, a response to concern the facility has been open to misuse.
Published 05 Sep, 2008 12:00am
ECB holds rates

ECB holds rates

The European Central Bank left interest rates at 4.25 percent on Thursday, and President Jean-Claude Trichet said it wouldn't get eurozone inflation back on target until 2010. The ECB also published forecasts by its staff showing higher inflation than pre
Published 05 Sep, 2008 12:00am
US businesses up, jobs scarce

US businesses up, jobs scarce

US businesses boosted their productivity strongly in the second quarter but it was at the expense of weakening labour market, government reports on Thursday showed. The Labour Department said business productivity surged at a revised 4.3 percent annual ra
Published 05 Sep, 2008 12:00am
Bank of England holds rates

Bank of England holds rates

The Bank of England left interest rates on hold at 5.0 percent for a fifth month running on Thursday, but most economists expect sharp cuts next year. With inflation more than double the central bank's 2 percent target, all 67 economists polled by Reuters
Published 05 Sep, 2008 12:00am
Food crisis, silent famine to continue: World Bank

Food crisis, silent famine to continue: World Bank

There is no end in sight to global food shortages and multiple crises from climate change and energy and water scarcity will soon intensify what is already a silent famine, the World Bank said on Wednesday.
Published 05 Sep, 2008 12:00am
IMF sees improving prospects in Iraq

IMF sees improving prospects in Iraq

Iraq's economic prospects are improving with increased security helping to boost oil output and exports, while inflation has declined, the International Monetary Fund said on Wednesday. The IMF approved its first performance review of Iraq's $746.3 millio
Published 05 Sep, 2008 12:00am
Unilever names Nestle's Polman as chief executive

Unilever names Nestle's Polman as chief executive

Unilever named company outsider Paul Polman, a veteran of its two biggest consumer goods rivals, as chief executive on Thursday in a surprise choice to revive its sluggish performance that sent its shares surging.
Published 05 Sep, 2008 12:00am
Nissan blazes trail with clean diesel car in Japan

Nissan blazes trail with clean diesel car in Japan

Nissan Motor Co on Thursday became the first domestic automaker to launch a diesel car in Japan in six years, blazing the trail for rivals looking to revive the fuel-saving engine to cut greenhouse gas emissions.
Published 05 Sep, 2008 12:00am
BP loosens TNK-BP grip to end fight with oligarchs

BP loosens TNK-BP grip to end fight with oligarchs

BP bowed to demands from its partners in TNK-BP to ease its grip on Russia's third-largest oil producer to end a bitter dispute that had knocked BP's shares and rattled investor confidence in Russia.
Published 05 Sep, 2008 12:00am
MUFG denies report to invest in Lehman

MUFG denies report to invest in Lehman

Japan's Mitsubishi UFJ Financial Group said it has no plans to invest in Lehman Brothers denying a media report that it may bid for a stake in the subprime-hit US investment bank. The Times of London said Japan's largest bank was ready to bid for a "subst
Published 05 Sep, 2008 12:00am
Indian inflation eases for second week

Indian inflation eases for second week

Indian inflation eased for the second consecutive week in late-August as food prices fell, but economists saw no let up in the central bank's tight policy stance as underlying demand pressures remained intact. The annual wholesale prices index, India's mo
Published 05 Sep, 2008 12:00am
'South Africa economy not heading for recession'

'South Africa economy not heading for recession'

South Africa's economy was not entering a recession and growth remained strong, central bank Deputy Governor Xolile Guma said on Thursday. "Any notion that the South African economy is soon to enter a recession must be rejected, firmly," he said in a spee
Published 05 Sep, 2008 12:00am
Bangladesh to buy 150,000 tonnes of oil from Maldives

Bangladesh to buy 150,000 tonnes of oil from Maldives

Bangladesh will buy 150,000 tonnes of refined oil products from the Maldives for $183.44 million to meet local demand, officials said on Wednesday. The Male-based state-owned Maldives National Oil Company Ltd will supply 90,000 tonnes of diesel, 30,000 to
Published 05 Sep, 2008 12:00am
Oil under $100? lower, but not low enough

Oil under $100? lower, but not low enough

Oil still costs too darn much. Crude has fallen more than 25 percent to below $110 per barrel from its all-time highs, and some economists even predict it could dip to $80 within months. But if $110 oil provides some relief for US consumers at the pump -
Published 05 Sep, 2008 12:00am
Natixis prices $5.4 billion cash call at deep discount

Natixis prices $5.4 billion cash call at deep discount

Natixis, France's fourth largest listed bank, has priced its 3.7 billion euro ($5.4 billion) rights issue to repair its balance sheet at a deeper than expected share market discount of over 60 percent. The bank on Thursday set the rights price at 2.25 eur
Published 05 Sep, 2008 12:00am
'Japan faces prolonged sluggish economy'

'Japan faces prolonged sluggish economy'

Sluggishness in Japan's economy could last longer than many expect as a global slowdown lingers, former Bank of Japan Deputy Governor Kazumasa Iwata said. "There is a risk that sluggishness (in the Japanese economy) could be prolonged," Iwata told Reuters
Published 05 Sep, 2008 12:00am
JP Morgan eyes deals in Japan property market

JP Morgan eyes deals in Japan property market

J.P. Morgan Chase & Co said it expects Japan's beleaguered property market to rebound and will use staff gained from its acquisition of Bear Stearns to develop its real estate securitisation business. "There is a lot of interest in buying real estate righ
Published 05 Sep, 2008 12:00am
Airline industry to extend losses in 2009

Airline industry to extend losses in 2009

The global airline industry is set to post losses of $5.2 billion this year and $4.1 billion in 2009 as high oil prices take a toll, the International Air Transport Association (IATA) said on Wednesday. "The difficult business environment is expected to c
Published 05 Sep, 2008 12:00am
UAE offshore oil output recovers from outage

UAE offshore oil output recovers from outage

Offshore oil output in the world's fifth-largest oil exporter the United Arab Emirates has recovered after a power outage shut in around 600,000 barrels per day (bpd), an ADNOC source said on Wednesday. The outage halted just under a quarter of Opec-membe
Published 05 Sep, 2008 12:00am
IMF offers Georgia loan, sees growth slowing

IMF offers Georgia loan, sees growth slowing

The International Monetary Fund has agreed in principle to lend Georgia $750 million to soften the economic impact of a war with Russia, which may slash growth to less than half its 2007 rate, a senior fund official said on Wednesday.
Published 05 Sep, 2008 12:00am
Sanlam to start ops in Nigeria soon

Sanlam to start ops in Nigeria soon

South African financial services firm Sanlam plans to start operating in Nigeria soon and has found a partner in the west African country, its chief executive said on Thursday. CEO Johan van Zyl told Reuters the venture would cost 50 million rand ($6.36 m
Published 05 Sep, 2008 12:00am
Taiwan stocks hit two-year low

Taiwan stocks hit two-year low

Taiwan stocks fell on Thursday for a fourth day to a more than two-year closing low, tracking sliding regional peers, with TSMC leading the fall as a slowing world economy spooked investors. The main TAIEX share index was down 2.62 percent, or 172.30 poin
Published 05 Sep, 2008 12:00am
Hong Kong shares at one-year low

Hong Kong shares at one-year low

Hong Kong shares fell 0.8 percent to close at a one-year low on Thursday, weighed by earnings concerns amid slowing economic growth, while China Communications Construction plummeted on broker downgrades. China's top builder of highways and ports tumbled
Published 05 Sep, 2008 12:00am
Global growth worries rattle Wall Street

Global growth worries rattle Wall Street

The S&P 500 and the Nasdaq fell on Wednesday as signs of increasingly sluggish growth in the United States and the rest of the world rattled investors already unsettled about the outlook for consumer spending and corporate profits. The Dow eked out a mode
Published 05 Sep, 2008 12:00am
Thai share prices slightly firmer

Thai share prices slightly firmer

Thai share prices closed 0.76 percent higher on Thursday with gains in energy, banking and property shares helping to end three days of losses sparked by bloody anti-government protests, dealers said. They said market sentiment improved after the cabinet
Published 05 Sep, 2008 12:00am
US bonds up on growth concerns

US bonds up on growth concerns

US Treasury debt prices rose for the second day in a row on Wednesday, pushing benchmark yields down to four-month lows as weaker oil prices continued to ease inflation expectations. Investors were also prompted to buy into the perceived lower risk of bon
Published 05 Sep, 2008 12:00am
US bonds up on growth concerns

US bonds up on growth concerns

US Treasury debt prices rose for the second day in a row on Wednesday, pushing benchmark yields down to four-month lows as weaker oil prices continued to ease inflation expectations. Investors were also prompted to buy into the perceived lower risk of bon
Published 05 Sep, 2008 12:00am
Malaysian shares finish little changed

Malaysian shares finish little changed

Malaysian share prices closed little changed on Thursday as political uncertainty and weaker markets in the region encouraged investors to sell, dealers said. The Kuala Lumpur Composite Index was 0.32 of a point lower, closing at 1,085.06 in thin volume o
Published 05 Sep, 2008 12:00am
Singapore shares close 2.97 percent lower

Singapore shares close 2.97 percent lower

Singapore shares skidded 2.97 percent on Thursday to close at their lowest level in almost two years with sentiment hit by growing concerns over slowing global growth, dealers said. The blue chip Straits Times Index tumbled 80.48 points to 2,626.05.
Published 05 Sep, 2008 12:00am
China stocks rebound slightly

China stocks rebound slightly

China's main stock index rebounded from near major chart support to close flat on Thursday, but turnover shrank further as worries about the strength of the economy continued to weigh on the market. The Shanghai Composite Index ended at 2,277.411 points,
Published 05 Sep, 2008 12:00am
Tokyo stocks finish at five-month low

Tokyo stocks finish at five-month low

Japan's Nikkei average fell 1 percent to a five-month closing low on Thursday, dragged down by Tokyo Electron Ltd and other tech shares as worries grew about tech spending in the face of increasing economic gloom. Shares of glass makers like Nippon Electr
Published 05 Sep, 2008 12:00am
Jakarta shares dip

Jakarta shares dip

Indonesian shares closed down 1.9 percent on Thursday, with commodity-related stocks leading the plunge on the back of lower oil prices, dealers said. The Jakarta Composite Index closed 41 points in the red at 2,075 in moderate volume. Decliners outnumber
Published 05 Sep, 2008 12:00am
Indian shares tumble

Indian shares tumble

Indian shares closed one percent lower on Thursday as global markets weakened and concerns grew ahead of local inflation data to be released later in the day, dealers said. The benchmark 30-share Sensex index fell 150.76 points to 14,899.1.
Published 05 Sep, 2008 12:00am
Chinese yuan rebounds

Chinese yuan rebounds

China's yuan rebounded against the dollar in the spot and forwards markets on Thursday as the US currency's global rise stalled, and after the Chinese central bank again signalled that it did not want the yuan to enter a downtrend.
Published 05 Sep, 2008 12:00am
Dollar off eight-month high

Dollar off eight-month high

The dollar held steady against the euro on Thursday, having come off an eight-month high hit the previous day as investors squared positions ahead of an interest rate decision by the European Central Bank. Both the ECB and the Bank of England are expected
Published 05 Sep, 2008 12:00am
Dollar edges higher

Dollar edges higher

The US dollar rose slightly on Wednesday and earlier touched its highest against the euro since January, on growing expectations the US economy would outperform that of Europe. The dollar briefly extended its gains versus the euro after a government repor
Published 05 Sep, 2008 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 68.52/68.52 (previous 68.52/68.52). Call Money Rates: 6.50-12.00 percent (previous 7.00-12.00 percent).
Published 05 Sep, 2008 12:00am
Asian currencies: won leads other rebound

Asian currencies: won leads other rebound

Asian currencies rebounded against a broadly weaker US dollar on Thursday, while the South Korean won gained as much as 2 percent as the authorities were seen selling dollars to support the local unit. The won rose as far as 1124.8 per dollar from Wednesd
Published 05 Sep, 2008 12:00am
Swiss franc ticks up

Swiss franc ticks up

The Swiss franc ticked higher on Thursday ahead of the European Central Bank's interest rate decision, where markets await unchanged rates and a more pessimistic ECB assessment of the euro zone economy. "The franc is rising because the market is speculati
Published 05 Sep, 2008 12:00am
Russia names Fed Cup final team

Russia names Fed Cup final team

Russia skipper Shamil Tarpishchev on Thursday unveiled his team's line-up to play Spain in the Fed Cup final in Madrid on September 13-14. World number four Svetlana Kuznetsova and Vera Zvonareva, bronze medalist at the Olympics, will spearhead the Russia
Published 05 Sep, 2008 12:00am
Robinho turns up for training in helicopter

Robinho turns up for training in helicopter

Robinho turned up for training with Brazil in a helicopter on Wednesday following his transfer deadline-beating move to Manchester City. Brazil, away to Chile in a World Cup qualifier on Sunday, began training on Tuesday but Robinho was given permission t
Published 05 Sep, 2008 12:00am
Race for World Cup places resumes in Asia

Race for World Cup places resumes in Asia

The battle for the handful of Asian places at the 2010 World Cup resumes on Saturday with a familiar feel to what promises to be a tense final round. Whether they cruised or bundled through to the last stage, Asia's World Cup regulars each start round fou
Published 05 Sep, 2008 12:00am
Shoaib Akhtar heading home after visa glitch

Shoaib Akhtar heading home after visa glitch

Pakistan's fast bowling ace Shoaib Akhtar was heading home Thursday after a visa glitch stymied his plans to launch a comeback with English county side Surrey, the player told AFP. Akhtar, who flew to London on Wednesday, said he was told by authorities a
Published 05 Sep, 2008 12:00am
Pietersen warns England over complacency

Pietersen warns England over complacency

Kevin Pietersen warned his England team that he won't tolerate them sliding into a comfort zone after wrapping up the one-day series against South Africa. Despite seeing his hopes of a 5-0 whitewash shattered by the Cardiff rain, with only three overs bow
Published 05 Sep, 2008 12:00am
Sri Lanka firm on England tour despite India T20 clash

Sri Lanka firm on England tour despite India T20 clash

Sri Lanka's cricket tour of England will go ahead as planned next year despite the dates clashing with a lucrative Indian Twenty20 tournament, officials said on Thursday. "We have a memorandum of understanding with the England and Wales Cricket Board for
Published 05 Sep, 2008 12:00am
Arthur threatens to axe South Africa's senior players

Arthur threatens to axe South Africa's senior players

South Africa coach Mickey Arthur hinted that some of the senior members of his team may have played their last one-day internationals following the 4-0 one-day series defeat by England. The home side completely dominated the one-day series after losing th
Published 05 Sep, 2008 12:00am
Pink ball makes competitive debut in England

Pink ball makes competitive debut in England

A pink cricket ball made its competitive debut in England on Wednesday when Hampshire beat Essex in a floodlit Twenty20 fixture. The match, staged at Hampshire's Rose Bowl, was the first time a match between two English counties had used the luminous ball
Published 05 Sep, 2008 12:00am
Performance as important as points for England

Performance as important as points for England

England's performance will be almost as important as the three points they should collect when they open their 2010 World Cup qualifying campaign against Andorra on Saturday.
Published 05 Sep, 2008 12:00am
Serena shocks Venus to reach semi-finals

Serena shocks Venus to reach semi-finals

Eight-time Grand Slam winner Serena Williams advanced to the semi-finals of the US Open on Wednesday, coming-from-behind in a pair of tie-breakers to defeat sister Venus 7-6 (8/6), 7-6 (9/7). Venus and Serena have met twice in the US Open final with the o
Published 05 Sep, 2008 12:00am
Nadal to face Murray in semi-final

Nadal to face Murray in semi-final

World number one Rafael Nadal advanced to his first US Open semi-final by battling back to defeat 35th-ranked American Mardy Fish 3-6, 6-1, 6-4, 6-2 early Thursday morning. The reigning Wimbledon, French Open and Olympic champion from Spain ousted Fish af
Published 05 Sep, 2008 12:00am
Maldives drops charges against opposition leader

Maldives drops charges against opposition leader

The Maldivian government on Thursday said it had dropped terrorism charges against one of the top contenders in the archipelago's first-ever multi-party presidential elections, due by early next month. The charges against Mohamed Nasheed, one of the longe
Published 05 Sep, 2008 12:00am
Japan reformers to challenge Aso for Prime Minister

Japan reformers to challenge Aso for Prime Minister

Japanese economics minister Kaoru Yosano and former defence minister Yuriko Koike lined up on Thursday to challenge frontrunner Taro Aso in the race to become prime minister, setting up a clash over economic policy as Japan teeters on the edge of recessio
Published 05 Sep, 2008 12:00am
41 die as Sri Lanka bears down on rebel bases

41 die as Sri Lanka bears down on rebel bases

Fierce combat across Sri Lanka's north killed at least 41 people when separatist Tamil Tiger insurgents fought back against an unceasing army push into their strongholds, the military said on Wednesday. The Liberation Tigers of Tamil Eelam (LTTE) rebels t
Published 05 Sep, 2008 12:00am
US Air Force general urges quick action on aerial tanker

US Air Force general urges quick action on aerial tanker

A US Air Force general urged a quick decision on a new aerial tanker, saying every year's delay in picking a new refuelling aircraft risked keeping the old KC-135s flying for 80 years. General Arthur Lichte, the four-star general who runs Air Mobility Com
Published 05 Sep, 2008 12:00am
Iraq film explores soldiers' addiction to danger

Iraq film explores soldiers' addiction to danger

In "The Hurt Locker", the latest film about the war in Iraq, a bomb disposal expert takes risks beyond the call of duty as he comes to realise that only one thing makes him feel truly alive - dicing with death. Director Kathryn Bigelow, in her first featu
Published 05 Sep, 2008 12:00am
US Navy's Winter stresses need for reliable ships

US Navy's Winter stresses need for reliable ships

US defence companies need to focus more on ensuring the reliability of new weapons systems rather than just lauding their superior capabilities, Navy Secretary Donald Winter told Reuters on Wednesday.
Published 05 Sep, 2008 12:00am
African singer slams 'neo-colonial' aid, business

African singer slams 'neo-colonial' aid, business

African singing star and anti-poverty campaigner Angelique Kidjo has accused Western aid donors and big businesses of exploiting poverty in Africa to promote "neo-colonial" interests. Kidjo, from Benin, is one of a group of celebrity anti-poverty activist
Published 05 Sep, 2008 12:00am
China's disabled face stigma, but life improving

China's disabled face stigma, but life improving

As Beijing gears up to host the Paralympics, the government has been rolling out its formidable propaganda machine to praise efforts to better the lot of China's estimated 83 million disabled. But while there is a recognition in some quarters that there h
Published 05 Sep, 2008 12:00am
Africa must grasp carbon funds for development: UN

Africa must grasp carbon funds for development: UN

Africa must grasp funds generated by carbon credit trading to pay for cleaner, cheaper energy and help fight climate change that threatens to undo years of economic development, the UN climate chief said on Wednesday. Yvo de Boer, attending the first pan-
Published 05 Sep, 2008 12:00am
East Congo risks plunging back into war: UN

East Congo risks plunging back into war: UN

Congo's eastern borderlands risk plunging back into all-out war between the army and Tutsi rebels after the heaviest clashes in months, the UN peacekeeping mission chief said. The enemies fought heavy battles last week in North Kivu province, where violen
Published 05 Sep, 2008 12:00am
Somali pirates holds 10 vessels at Eyl

Somali pirates holds 10 vessels at Eyl

Somali pirates have hijacked yet another ship and are taking it and a French yacht with two French nationals onboard to their remote coastal base, a regional government official said on Thursday. Gunmen from the Horn of Africa nation are currently holding
Published 05 Sep, 2008 12:00am
Hanna churns over Bahamas, heads to US

Hanna churns over Bahamas, heads to US

Tropical Storm Hanna closed in on the south-eastern US Thursday after hammering Haiti and was expected to surge into a hurricane, even as explosive Hurricane Ike gathered force in the Atlantic.
Published 05 Sep, 2008 12:00am
Karzai promises punishment for civil casualties

Karzai promises punishment for civil casualties

Afghan President Hamid Karzai on Thursday visited grieving relatives of civilians said to have died in a US-led coalition strike last month, promising swift punishment for those responsible. Anger has mounted over the August 22 raid in western Herat's Shi
Published 05 Sep, 2008 12:00am
'India flood rescue hits crucial stage'

'India flood rescue hits crucial stage'

Efforts to rescue tens of thousands of villagers cut off by a monsoon-swollen river in northern India were reaching a critical stage Thursday, aid workers and evacuees said. Those who have escaped Bihar state's worst-hit areas say food is running out and
Published 05 Sep, 2008 12:00am
Cheney offers support for Georgia

Cheney offers support for Georgia

US Vice President Dick Cheney vowed on Thursday to stand by Georgia in its showdown with Russia, calling Moscow's military push into the ex-Soviet state an "illegitimate" act that cast grave doubt on its reliability.
Published 05 Sep, 2008 12:00am
Rich countries reneging on aid promises for poor: UN

Rich countries reneging on aid promises for poor: UN

The world's wealthiest countries are reneging on promises to boost development aid, threatening UN targets for drastically reducing poverty by 2015, according to a new UN report released on Thursday.
Published 05 Sep, 2008 12:00am
US says its arms exports boomed this year

US says its arms exports boomed this year

US government-brokered overseas arms sales are expected to total about $34 billion in the current fiscal year, up more than 45 percent from the year before, the Pentagon agency in charge said on Wednesday. "Our program is growing by leaps and bounds," Jea
Published 05 Sep, 2008 12:00am
McCain says knows how to capture Osama bin Laden

McCain says knows how to capture Osama bin Laden

Republican candidate John McCain said on Wednesday that if elected president, he will capture al Qaeda leader Osama bin Laden. "President Clinton had opportunities to get Osama bin Laden. President Bush had opportunities to get Osama bin Laden. I know how
Published 05 Sep, 2008 12:00am
Palin mocks Obama and McCain to address Republicans

Palin mocks Obama and McCain to address Republicans

US Republican presidential nominee John McCain has a new attack dog. Her name is Sarah Palin, and she bites hard. The Alaska governor's mocking critique of Democrat Barack Obama and the Washington elite charged up Republicans looking for signs of hope tha
Published 05 Sep, 2008 12:00am
Sarkozy warns Iran it risks Israeli attack

Sarkozy warns Iran it risks Israeli attack

French President Nicolas Sarkozy warned Iran on Thursday it was taking a dangerous gamble in seeking to develop nuclear weapons because one day its arch-foe Israel could strike. Western powers accuse Iran of seeking the atom bomb under the cover of a civi
Published 05 Sep, 2008 12:00am
Thai Prime Minister plans referendum to end crisis

Thai Prime Minister plans referendum to end crisis

Thailand plans to hold a national referendum to end a political crisis over street protests against the government, Prime Minister Samak Sundaravej said on Thursday after rejecting calls to quit. Leaders of the three-month old campaign in Bangkok to oust
Published 05 Sep, 2008 12:00am
Yunus blasts Telenor ethics in Bangladesh

Yunus blasts Telenor ethics in Bangladesh

Norwegian telecom operator Telenor, which recently tightened ethical procedures in Bangladesh, still has sub-contractors there using child labour, Nobel laureate Muhammad Yunus charged Thursday.
Published 05 Sep, 2008 12:00am
Sterling retreats

Sterling retreats

Sterling rebounded from record lows against the euro on Thursday after the Bank of England left interest rates unchanged at 5.00 percent, as markets expected, but the respite was expected to be short-lived. The significant headwinds facing the economy wer
Published 05 Sep, 2008 12:00am
Dollar steadies in London

Dollar steadies in London

The dollar was mostly flat against major currencies on Thursday as dealers digested interest rate decisions in Europe and keenly awaited a steer from European Central Bank President Jean-Claude Trichet.
Published 05 Sep, 2008 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee traded in a wide range before closing marginally higher on Thursday as capital inflows from a large company were offset by dollar demand from oil refiners and importers. The partially convertible rupee ended at 44.35/36 per dollar, not fa
Published 05 Sep, 2008 12:00am
Political risk premium rising in Asian credit

Political risk premium rising in Asian credit

The cost of protection on debt for countries such as Pakistan and Thailand remained elevated on Thursday amid growing concerns over political risk in the region at a time of already difficult economic conditions. Asian credit markets are facing a tough mo
Published 05 Sep, 2008 12:00am
Political risk premium rising in Asian credit

Political risk premium rising in Asian credit

The cost of protection on debt for countries such as Pakistan and Thailand remained elevated on Thursday amid growing concerns over political risk in the region at a time of already difficult economic conditions. Asian credit markets are facing a tough mo
Published 05 Sep, 2008 12:00am
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