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Print - 2008-09-15
Other big US finance firms may fail: Greenspan

Other big US finance firms may fail: Greenspan

Former US Federal Reserve Chairman Alan Greenspan on Sunday said he suspected "we will see other major financial firms fail," but it did not need to be a problem. "It depends on how it is handled and how the liquidations take place," Greenspan said on the
Published 15 Sep, 2008 12:00am
Iran and Ecuador sign deal on energy, refinery plan

Iran and Ecuador sign deal on energy, refinery plan

Opec members Iran and Ecuador have signed an energy co-operation deal, an Iranian news agency said on Sunday, the latest in growing ties between Tehran and leftist South American governments that have annoyed Washington.
Published 15 Sep, 2008 12:00am
EADS denies backing out of US tanker contest

EADS denies backing out of US tanker contest

Airbus parent EADS denied on Saturday it was thinking of abandoning efforts to supply air tankers to the United States after a German weekly reported it was threatening to walk away from the fraught tender process.
Published 15 Sep, 2008 12:00am
US energy companies check for damage after Ike

US energy companies check for damage after Ike

Oil companies rushed to check for damage to their facilities on Sunday in the wake of Hurricane Ike, which passed over the heart of the US energy industry near Houston, leaving a quarter of the nation's oil and refined fuel production idled.
Published 15 Sep, 2008 12:00am
Too early to see Ike impact on gas production: Bush

Too early to see Ike impact on gas production: Bush

US President George W. Bush said on Sunday it was too early to determine the extent of the damage Hurricane Ike had on gasoline production and pipelines while officials were carefully watching for gouging at the pump.
Published 15 Sep, 2008 12:00am
Fed likely to hold fire amid market, economic turmoil

Fed likely to hold fire amid market, economic turmoil

The Federal Reserve is likely to maintain its stimulative interest rate policy on Tuesday in the face of renewed market turmoil and signs that the US economy remains in a funk, analysts say.
Published 15 Sep, 2008 12:00am
'Iraq oil minister to meet oil firms in UK'

'Iraq oil minister to meet oil firms in UK'

Iraq's oil minister will meet energy firms bidding for long-term oil and gas service contracts in London next month to discuss details of the fields on offer as well as contract terms, the oil ministry said on Sunday.
Published 15 Sep, 2008 12:00am
Nano car deadlock continues

Nano car deadlock continues

Indian political activists opposing a car plant to build Tata Motors' super-cheap Nano car threatened fresh protests on Saturday after talks with the government failed to break a deadlock, officials said.
Published 15 Sep, 2008 12:00am
Saudi Telecom eyes North Africa growth

Saudi Telecom eyes North Africa growth

Saudi Telecom said on Sunday it would cut 14 percent of its workforce at home and boost efforts to expand abroad after being rebuffed by France's Vivendi over a stake in Maroc Telecom.
Published 15 Sep, 2008 12:00am
Italy seeks last-minute deal to save Alitalia

Italy seeks last-minute deal to save Alitalia

The Italian government scrabbled to save Alitalia from collapse on Sunday, less than 24 hours before the near bankrupt airline might be force to cancel flights as it cannot secure fuel supplies. Emerging briefly from emergency talks with unions, Labour Mi
Published 15 Sep, 2008 12:00am
AIG plans $20 billion asset sell-off

AIG plans $20 billion asset sell-off

American International Group, the world's biggest insurer, is planning a $20 billion asset sell-off as it fights to correct a slump in its shares and braces for the impact of Hurricane Ike, the Sunday Times said. The newspaper, without citing sources, sai
Published 15 Sep, 2008 12:00am
Lehman talks resume, Barclays seen frontrunner

Lehman talks resume, Barclays seen frontrunner

Regulators and bankers resumed a third day of talks on Sunday in a desperate attempt to reach a deal to sell Lehman Brothers and prevent the struggling investment bank from flooding jittery financial markets with toxic assets at fire sale prices.
Published 15 Sep, 2008 12:00am
Bangladesh seeks $350 million World Bank loan for energy

Bangladesh seeks $350 million World Bank loan for energy

Bangladesh is seeking a loan of more than $350 million from the World Bank to boost its power sector and build pipelines to transmit natural gas to help ease its power crisis, a senior official said on Sunday.
Published 15 Sep, 2008 12:00am
Lebanon set for dialogue amid new security concerns

Lebanon set for dialogue amid new security concerns

Lebanon's rival political leaders meet on Tuesday for talks set to focus on the divisive issue of Hezbollah's weapons as Lebanon grapples with new security concerns after another deadly bombing.
Published 15 Sep, 2008 12:00am
Bolivia's Morales defiant after unrest

Bolivia's Morales defiant after unrest

Bolivian President Evo Morales defied rightist opponents on Saturday by vowing to introduce divisive reforms just hours after signs of a compromise had emerged to halt violence that has killed 26 people and prompted martial law.
Published 15 Sep, 2008 12:00am
China governor resigns over deadly landslide

China governor resigns over deadly landslide

The governor of China's Shanxi province has resigned over a devastating landslide that killed at least 254 people, state media reported Sunday. Meng Xuenong's resignation was accepted by the provincial legislature Sunday afternoon, Xinhua news agency said
Published 15 Sep, 2008 12:00am
20 police killed in Turkmenistan clash, opposition

20 police killed in Turkmenistan clash, opposition

Assailants killed 20 police in a clash in Turkmenistan's capital, the country's opposition in exile and other sources said Saturday. Police battled "a religious group, possibly radical Islamists," according to a diplomatic source quoted by a website set u
Published 15 Sep, 2008 12:00am
Calls grow for Brown to face challenge

Calls grow for Brown to face challenge

Politicians from Britain's ruling Labour party, an ex-minister and newspaper editorials kept up a chorus of dissent against Prime Minister Gordon Brown on Sunday, calling for his troubled leadership to be challenged.
Published 15 Sep, 2008 12:00am
Bollywood's 'Hari Puttar' delayed over copyright row

Bollywood's 'Hari Puttar' delayed over copyright row

The makers of Bollywood film "Hari Puttar", which is facing a lawsuit from Hollywood studio Warner Bros, said Sunday its release had been delayed. The Hollywood studio, which owns the rights to the Harry Potter movies, has taken the Indian producers to co
Published 15 Sep, 2008 12:00am
Dates - a traditional first delicious taste in Ramazan

Dates - a traditional first delicious taste in Ramazan

Dates have been a staple food of the Middle East for thousands of years. They are believed to have originated around the Persian Gulf, and have been cultivated since ancient times from Mesopotamia to prehistoric Egypt, possibly as early as 4000 BC. There
Published 15 Sep, 2008 12:00am
Fast - a symbolic expression of obedience

Fast - a symbolic expression of obedience

After the prayer and zakah, the fast is the next important worship ritual of Islam. In the Arabic language, the word used for it is (sawm), which literally means "to abstain from something" and "to give up something".
Published 15 Sep, 2008 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (September 14, 2008).
Published 15 Sep, 2008 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (September 08 to September 13, 2008).

Published 15 Sep, 2008 12:00am
The Weather

The Weather

The weather report on Sunday (September 14, 2008) and the forecast for Monday (September 15, 2008).

Published 15 Sep, 2008 12:00am
Oil drops to six-month low

Oil drops to six-month low

US oil prices dropped more than $2 to a six month low below $99 a barrel on Sunday as dealers bet on a swift recovery of the nation's energy production after Hurricane Ike and the US government loaned emergency oil to two refiners.
Published 15 Sep, 2008 12:00am
Oil drops to six-month low

Oil drops to six-month low

US oil prices dropped more than $2 to a six month low below $99 a barrel on Sunday as dealers bet on a swift recovery of the nation's energy production after Hurricane Ike and the US government loaned emergency oil to two refiners.
Published 15 Sep, 2008 12:00am
Oil drops to six-month low

Oil drops to six-month low

US oil prices dropped more than $2 to a six month low below $99 a barrel on Sunday as dealers bet on a swift recovery of the nation''s energy production after Hurricane Ike and the US government loaned emergency oil to two refiners.
Published 15 Sep, 2008 12:00am
173 containers scam: scope of inquiry to trace importers extended

173 containers scam: scope of inquiry to trace importers extended

As all Karachi-based importers involved in massive mis-declaration of 173 containers are untraceable, the Directorate General of Intelligence and Investigation has approached the High Commissions of China, UAE and Singapore for verification of documents p
Published 15 Sep, 2008 12:00am
173 containers scam: scope of inquiry to trace importers extended

173 containers scam: scope of inquiry to trace importers extended

As all Karachi-based importers involved in massive mis-declaration of 173 containers are untraceable, the Directorate General of Intelligence and Investigation has approached the High Commissions of China, UAE and Singapore for verification of documents p
Published 15 Sep, 2008 12:00am
173 containers scam: scope of inquiry to trace importers extended

173 containers scam: scope of inquiry to trace importers extended

As all Karachi-based importers involved in massive mis-declaration of 173 containers are untraceable, the Directorate General of Intelligence and Investigation has approached the High Commissions of China, UAE and Singapore for verification of documents p
Published 15 Sep, 2008 12:00am
Fatima Fertiliser Plant: ministry accused of not monitoring progress

Fatima Fertiliser Plant: ministry accused of not monitoring progress

The Ministry of Industries and Production has been accused of not properly monitoring progress on Fatima Fertiliser Plant at Sadiqabad despite the fact that its delay is costing the national exchequer an estimated Rs 3 billion annually, official sources t
Published 15 Sep, 2008 12:00am
Fatima Fertiliser Plant: ministry accused of not monitoring progress

Fatima Fertiliser Plant: ministry accused of not monitoring progress

The Ministry of Industries and Production has been accused of not properly monitoring progress on Fatima Fertiliser Plant at Sadiqabad despite the fact that its delay is costing the national exchequer an estimated Rs 3 billion annually, official sources t
Published 15 Sep, 2008 12:00am
Fatima Fertiliser Plant: ministry accused of not monitoring progress

Fatima Fertiliser Plant: ministry accused of not monitoring progress

The Ministry of Industries and Production has been accused of not properly monitoring progress on Fatima Fertiliser Plant at Sadiqabad despite the fact that its delay is costing the national exchequer an estimated Rs 3 billion annually, official sources t
Published 15 Sep, 2008 12:00am
Pakistan may follow 'shadow programme'

Pakistan may follow 'shadow programme'

The deteriorating economic fundamentals might force Pakistan to follow the International Monetary Fund (IMF) 'shadow programme' under which the country would follow the IMF policy without taking financial assistance.
Published 15 Sep, 2008 12:00am
Pakistan may follow 'shadow programme'

Pakistan may follow 'shadow programme'

The deteriorating economic fundamentals might force Pakistan to follow the International Monetary Fund (IMF) 'shadow programme' under which the country would follow the IMF policy without taking financial assistance.
Published 15 Sep, 2008 12:00am
Pakistan may follow ''shadow programme''

Pakistan may follow ''shadow programme''

The deteriorating economic fundamentals might force Pakistan to follow the International Monetary Fund (IMF) ''shadow programme'' under which the country would follow the IMF policy without taking financial assistance.
Published 15 Sep, 2008 12:00am
Troops kill 30 militants in Bajaur fighting

Troops kill 30 militants in Bajaur fighting

Troops killed at least 30 militants in clashes on Sunday in the troubled north-western region bordering Afghanistan, officials said. Security forces backed by helicopter gunships, artillery and combat jets pounded mountain hideouts of militants as they co
Published 15 Sep, 2008 12:00am
Troops kill 30 militants in Bajaur fighting

Troops kill 30 militants in Bajaur fighting

Troops killed at least 30 militants in clashes on Sunday in the troubled north-western region bordering Afghanistan, officials said. Security forces backed by helicopter gunships, artillery and combat jets pounded mountain hideouts of militants as they co
Published 15 Sep, 2008 12:00am
Russian plane crash kills 88

Russian plane crash kills 88

Engine failure caused an Aeroflot Boeing 737-500 plane crash in Russia on Sunday which killed all 88 people on board, officials said, dismissing fears terrorists had attacked the airliner. The dead included 21 foreign nationals flying on the plane from Mo
Published 15 Sep, 2008 12:00am
Russian plane crash kills 88

Russian plane crash kills 88

Engine failure caused an Aeroflot Boeing 737-500 plane crash in Russia on Sunday which killed all 88 people on board, officials said, dismissing fears terrorists had attacked the airliner. The dead included 21 foreign nationals flying on the plane from Mo
Published 15 Sep, 2008 12:00am
Other big US finance firms may fail: Greenspan

Other big US finance firms may fail: Greenspan

Former US Federal Reserve Chairman Alan Greenspan on Sunday said he suspected "we will see other major financial firms fail," but it did not need to be a problem. "It depends on how it is handled and how the liquidations take place," Greenspan said on the
Published 15 Sep, 2008 12:00am
Other big US finance firms may fail: Greenspan

Other big US finance firms may fail: Greenspan

Former US Federal Reserve Chairman Alan Greenspan on Sunday said he suspected "we will see other major financial firms fail," but it did not need to be a problem. "It depends on how it is handled and how the liquidations take place," Greenspan said on the
Published 15 Sep, 2008 12:00am
Five-year policy framework: IMF analysing economic statistics

Five-year policy framework: IMF analysing economic statistics

The International Monetary Fund (IMF) team has started analysis of Pakistan's economic statistics submitted by the finance ministry before assisting the government in finalisation of new five-year macroeconomic policy framework, informed sources told B
Published 15 Sep, 2008 12:00am
Gas cylinder blast kills two

Gas cylinder blast kills two

At least two persons have been killed and three others injured in a gas cylinder blast here, police said. A gas cylinder exploded in the kitchen of Khawaja Haveli of Mohallah Bolya shortly before 'Iftar', killing Shaheen Bibi w/o Mehboob Qadri and Insh Ma
Published 15 Sep, 2008 12:00am
No suicide attacker arrested from Islamabad: Capital Police

No suicide attacker arrested from Islamabad: Capital Police

Islamabad Police on Sunday rejected a news item published in the section of the press regarding the arrest of a suspected suicide attacker here. "This news is baseless and fabricated. Such baseless news item create unrest among the citizens, besides givin
Published 15 Sep, 2008 12:00am
Parliament joint session on September 20

Parliament joint session on September 20

The President has summoned the parliament to meet in a joint session on September 20, according to a notification issued by National Assembly Secretariat. President Asif Ali Zardari, who is currently visiting the UK on his private tour, will address the j
Published 15 Sep, 2008 12:00am
Parliament joint session on September 20

Parliament joint session on September 20

The President has summoned the parliament to meet in a joint session on September 20, according to a notification issued by National Assembly Secretariat. President Asif Ali Zardari, who is currently visiting the UK on his private tour, will address the j
Published 15 Sep, 2008 12:00am
Gilani urges civil society, media to help promote democracy

Gilani urges civil society, media to help promote democracy

Prime Minister Syed Yousuf Raza Gilani Sunday urged civil society organisations and media to take responsibility for promotion of democracy which in turn will help bring in economic prosperity and social harmony.
Published 15 Sep, 2008 12:00am
Zardari and Gilani vow to defend Pakistan

Zardari and Gilani vow to defend Pakistan

Pakistan vowed on Sunday to defend itself against violations of its air space and incursions by US forces in Afghanistan. Prime Minister Yousuf Raza Gilani telephoned newly-elected President Asif Ali Zardari late Saturday to discuss the strikes, a stateme
Published 15 Sep, 2008 12:00am
UK appreciates Pakistan's role in 'war on terror': Wajid

UK appreciates Pakistan's role in 'war on terror': Wajid

The United Kingdom appreciates Pakistan's role in the war on terror, Pakistan High Commissioner to United Kingdom Wajid Shamsul Hassan said on Sunday. In an Interview with a private TV channel he said the press has misquoted the statement of the British P
Published 15 Sep, 2008 12:00am
Qureshi, Spanta to meet at UN

Qureshi, Spanta to meet at UN

In a clear sign of the South Asian neighbours trying seriously to overcome their trust deficit, foreign ministers of Afghanistan and Pakistan will meet later this month in New York. Afghan Foreign Minister Dr Rangin Dadfar Spanta will hold talks with his
Published 15 Sep, 2008 12:00am
Kamal and Afridi to control traffic

Kamal and Afridi to control traffic

Nazim Karachi Syed Mustafa Kamal and cricketer Shahid Afridi will voluntarily control traffic in the city at Dou Talwar in Clifton here from 5 pm to 7 pm. This was announced in a statement of the City District Government Karachi (CDGK) on Sunday.
Published 15 Sep, 2008 12:00am
Security threats: Shujaat calls for joint session of Parliament

Security threats: Shujaat calls for joint session of Parliament

The Pakistan Muslim League-Q (PML-Q) chief Chaudhry Shujaat Hussain on Sunday demanded of the government to convene either joint session of the Parliament or Round Table Conference (RTC) to evolve consensus policy regarding the internal and external secur
Published 15 Sep, 2008 12:00am
Ibad and Ashraf discuss power crisis

Ibad and Ashraf discuss power crisis

Sindh Governor Dr Ishrat-ul-Ibad Khan has called for required supply of electricity by Wapda to KESC. The Governor had a detailed talk with the Federal Minister for Water and Power Raja Parvaiz Ashraf and conveyed to him serious concerns of the citizens o
Published 15 Sep, 2008 12:00am
45 exhibitors get US visa for Pakistani Exposition in Houston

45 exhibitors get US visa for Pakistani Exposition in Houston

Pakistan Gem and Jewellery Expo to be held in Houston in October made significant progress when 45 exhibitors got visa approval from US Embassy in Islamabad to attend the show. The Expo is being jointly organised by Pakistan Gem & Jewellery Company (PGJDC
Published 15 Sep, 2008 12:00am
No change in Sindh Cabinet: Qaim

No change in Sindh Cabinet: Qaim

Sindh Chief Minister Syed Qaim Ali Shah on Sunday said no change in the provincial cabinet is being made. He was talking to media at an Iftar-dinner hosted by National Reconstruction Bureau (NRB) Chairman Dr Asim Hussain at his residence here.
Published 15 Sep, 2008 12:00am
Development of mines sector top priority: Riaz

Development of mines sector top priority: Riaz

Punjab Minister for Mines & Minerals Raja Riaz Ahmad has said that welfare of mines workers and development of mines sector on modern lines is in the priorities' list of the government. Talking to media men here, he said that government wanted to create e
Published 15 Sep, 2008 12:00am
Alleged US spy killed in Miranshah

Alleged US spy killed in Miranshah

Taliban militants on Sunday shot dead an Afghan refugee in Miranshah, accusing the victim of spying on them, officials said. The body of Gul Rahim Shah, 55, from Afghanistan's Khost province, was found dumped on a roadside near Miranshah, the main town in
Published 15 Sep, 2008 12:00am
Nigerian militants declare oil war in delta

Nigerian militants declare oil war in delta

Nigeria''s most prominent militant group on Sunday declared an "oil war" in the restive Niger Delta after two days of major gunbattles with security forces. The Movement for the Emancipation of the Niger Delta (MEND), responsible for attacks that have cut
Published 15 Sep, 2008 12:00am
Nigerian militants declare oil war in delta

Nigerian militants declare oil war in delta

Nigeria's most prominent militant group on Sunday declared an "oil war" in the restive Niger Delta after two days of major gunbattles with security forces. The Movement for the Emancipation of the Niger Delta (MEND), responsible for attacks that have cut
Published 15 Sep, 2008 12:00am
Nigerian militants declare oil war in delta

Nigerian militants declare oil war in delta

Nigeria's most prominent militant group on Sunday declared an "oil war" in the restive Niger Delta after two days of major gunbattles with security forces. The Movement for the Emancipation of the Niger Delta (MEND), responsible for attacks that have cut
Published 15 Sep, 2008 12:00am
Bears tighten grip on LSE

Bears tighten grip on LSE

The Lahore stocks remained under the grip of bearish move and the equities lost their worth amid slight improvement in transaction volume in line of celebration of President Asif Ali Zardari's oath-taking ceremony.
Published 15 Sep, 2008 12:00am
Bears tighten grip on LSE

Bears tighten grip on LSE

The Lahore stocks remained under the grip of bearish move and the equities lost their worth amid slight improvement in transaction volume in line of celebration of President Asif Ali Zardari's oath-taking ceremony.
Published 15 Sep, 2008 12:00am
Five-year policy framework: IMF analysing economic statistics

Five-year policy framework: IMF analysing economic statistics

The International Monetary Fund (IMF) team has started analysis of Pakistan''s economic statistics submitted by the finance ministry before assisting the government in finalisation of new five-year macroeconomic policy framework, informed sources told
Published 15 Sep, 2008 12:00am
Five-year policy framework: IMF analysing economic statistics

Five-year policy framework: IMF analysing economic statistics

The International Monetary Fund (IMF) team has started analysis of Pakistan's economic statistics submitted by the finance ministry before assisting the government in finalisation of new five-year macroeconomic policy framework, informed sources told B
Published 15 Sep, 2008 12:00am
15 US oil refineries shut down

15 US oil refineries shut down

Fifteen US oil refineries with a total capacity of 3.861 million barrels per day are now shut down in the aftermath of Hurricane Ike, the US Department of Energy said on Sunday.
Published 15 Sep, 2008 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

The rupee moved both ways on the currency market during the week ended on September 13, 2008. In the interbank market, the rupee stayed put against dollar for buying at 76.45 and shed five paisa for selling at 76.55.
Published 15 Sep, 2008 12:00am
Nisar to be 15th opposition leader

Nisar to be 15th opposition leader

The Parliamentary Leader of Pakistan Muslim League-Nawaz (PML-N), Chaudhry Nisar Ali Khan will be nominated as the 15th Opposition Leader in the National Assembly within few days.
Published 15 Sep, 2008 12:00am
Elahi steps down as opposition leader

Elahi steps down as opposition leader

Pakistan Muslim League-Q Punjab President and former chief minister Chaudhry Pervez Elahi has quit the office of the Leader of the Opposition in the National Assembly and faxed his resignation to NA Speaker Dr Fehmida Mirza.
Published 15 Sep, 2008 12:00am
Elahi steps down as opposition leader

Elahi steps down as opposition leader

Pakistan Muslim League-Q Punjab President and former chief minister Chaudhry Pervez Elahi has quit the office of the Leader of the Opposition in the National Assembly and faxed his resignation to NA Speaker Dr Fehmida Mirza.
Published 15 Sep, 2008 12:00am
Zardari to discuss al Qaeda conflict in UK

Zardari to discuss al Qaeda conflict in UK

President Asif Ali Zardari will discuss the conflict with Taliban and al Qaeda militants in the northern tribal areas with British leaders this week, officials said Sunday. Zardari will meet British Prime Minister Gordon Brown on Tuesday though he is on a
Published 15 Sep, 2008 12:00am
Zardari to discuss al Qaeda conflict in UK

Zardari to discuss al Qaeda conflict in UK

President Asif Ali Zardari will discuss the conflict with Taliban and al Qaeda militants in the northern tribal areas with British leaders this week, officials said Sunday. Zardari will meet British Prime Minister Gordon Brown on Tuesday though he is on a
Published 15 Sep, 2008 12:00am
India tests air-to-air Astra missile for second time

India tests air-to-air Astra missile for second time

India on Sunday successfully test-fired its indigenously developed air-to-air missile Astra from a defence base in eastern Orissa state for the second time in two days, a news report said.
Published 15 Sep, 2008 12:00am
Ceasefire deal signed in Swat

Ceasefire deal signed in Swat

The cease fire deal has been signed between the security forces and the militants in Swat under which the fighting to be stopped by Monday evening. Peace Jirga was held between the peace committee and the security forces in Kanju area of Swat, which was a
Published 15 Sep, 2008 12:00am
Ceasefire deal signed in Swat

Ceasefire deal signed in Swat

The cease fire deal has been signed between the security forces and the militants in Swat under which the fighting to be stopped by Monday evening. Peace Jirga was held between the peace committee and the security forces in Kanju area of Swat, which was a
Published 15 Sep, 2008 12:00am
India tests air-to-air Astra missile for second time

India tests air-to-air Astra missile for second time

India on Sunday successfully test-fired its indigenously developed air-to-air missile Astra from a defence base in eastern Orissa state for the second time in two days, a news report said.
Published 15 Sep, 2008 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

The rupee moved both ways on the currency market during the week ended on September 13, 2008. In the interbank market, the rupee stayed put against dollar for buying at 76.45 and shed five paisa for selling at 76.55.
Published 15 Sep, 2008 12:00am
15 US oil refineries shut down

15 US oil refineries shut down

Fifteen US oil refineries with a total capacity of 3.861 million barrels per day are now shut down in the aftermath of Hurricane Ike, the US Department of Energy said on Sunday.
Published 15 Sep, 2008 12:00am
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