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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-10-20
China expects delayed soya cargoes, talk of washout

China expects delayed soya cargoes, talk of washout

Chinese trading houses are believed to have washed out two or three US soya cargoes for January shipment last week and switched to domestic soya due to subsidies expected to be offered by Beijing, a source with a major trading house said on Monday.
Published 20 Oct, 2009 12:00am
ST and excise return date extended

ST and excise return date extended

The Federal Board of Revenue (FBR) has extended due date for filing of sales tax and federal excise return for the tax period of September, 2009, up to October 25, 2009. This is subject to the condition that the registered person has made or makes payment
Published 20 Oct, 2009 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend persisted on the forward cottonseed oilcake market on Monday due to strong demand, dealers said. The December vaida, which closed at 906.80, opened with a gain of 40 paisa at Rs 907.20 and the January contract also moved up as it closed at R
Published 20 Oct, 2009 12:00am
Ministry seeks release of Rs 40 billion for EISF

Ministry seeks release of Rs 40 billion for EISF

The Ministry of Textile has approached the Ministry of Finance for the immediate release of Rs 40 billion for Export Investment Support Fund (EISF) which would be spent on textile and clothing industry with a view towards consolidation and value addition
Published 20 Oct, 2009 12:00am
Lint prices, spot rate, activity fall on cotton market

Lint prices, spot rate, activity fall on cotton market

Volume of business came down following the expectations for better crop and pushed the prices lower on the cotton market on Monday, dealers said. The official spot rate was lowered by 25 to Rs 3600, brokers said.
Published 20 Oct, 2009 12:00am
Ministry seeks release of Rs 40 billion for EISF

Ministry seeks release of Rs 40 billion for EISF

The Ministry of Textile has approached the Ministry of Finance for the immediate release of Rs 40 billion for Export Investment Support Fund (EISF) which would be spent on textile and clothing industry with a view towards consolidation and value addition
Published 20 Oct, 2009 12:00am
Firm trend on grain market

Firm trend on grain market

Not a single change was seen on the wholesale grain market on Monday as all most all the commodities maintained the last week's levels in process of trading, dealers said.
Published 20 Oct, 2009 12:00am
Ministry seeks release of Rs 40 billion for EISF

Ministry seeks release of Rs 40 billion for EISF

The Ministry of Textile has approached the Ministry of Finance for the immediate release of Rs 40 billion for Export Investment Support Fund (EISF) which would be spent on textile and clothing industry with a view towards consolidation and value addition
Published 20 Oct, 2009 12:00am
Karzai vows to respect constitutional process: UN

Karzai vows to respect constitutional process: UN

Afghan President Hamid Karzai pledged Monday to "fully respect the constitutional order" after a UN-backed election probe appeared to wipe out an outright pollls win, a UN spokeswoman said.
Published 20 Oct, 2009 12:00am
EU says no need to break up energy giants for now

EU says no need to break up energy giants for now

Large European utilities such as E.ON and EDF will not face European Union pressure to split into smaller firms, EU Energy Commissioner Andris Piebalgs said on Monday.
Published 20 Oct, 2009 12:00am
Karzai vows to respect constitutional process: UN

Karzai vows to respect constitutional process: UN

Afghan President Hamid Karzai pledged Monday to "fully respect the constitutional order" after a UN-backed election probe appeared to wipe out an outright pollls win, a UN spokeswoman said.
Published 20 Oct, 2009 12:00am
Court declares Dutch bank DSB bankrupt

Court declares Dutch bank DSB bankrupt

A Dutch judge on Monday declared ailing bank DSB bankrupt after it failed to find a new buyer in the face of client withdrawals this month totalling 600 million euros (900 million dollars), a court statement said.
Published 20 Oct, 2009 12:00am
US backs Waziristan offensive

US backs Waziristan offensive

The United States on Monday said it is supportive of Pakistan's military campaign to stamp out terrorists in South Waziristan as it acknowledged a "real commitment" demonstrated by thekey South Asian ally in fighting off militants in its nowrthestern area
Published 20 Oct, 2009 12:00am
Stimulus package saved 250,000 education jobs: White House

Stimulus package saved 250,000 education jobs: White House

A massive 787-billion-dollar stimulus package passed by Congress earlier this year saved at least 250,000 education jobs across the country, the White House said Monday. "This is one more indication of how the Recovery Act is helping soften the blow of to
Published 20 Oct, 2009 12:00am
Dubai regulator to relax fund regime to lure investors

Dubai regulator to relax fund regime to lure investors

Dubai's financial services watchdog will liberalise its regulations on the funds industry and lower its fees next year in an attempt to boost investor activity and competition, a panel said on Monday.
Published 20 Oct, 2009 12:00am
Dubai regulator to relax fund regime to lure investors

Dubai regulator to relax fund regime to lure investors

Dubai's financial services watchdog will liberalise its regulations on the funds industry and lower its fees next year in an attempt to boost investor activity and competition, a panel said on Monday.
Published 20 Oct, 2009 12:00am
Iraq lures bid for West Qurna from Total, CNPC

Iraq lures bid for West Qurna from Total, CNPC

France's Total and a consortium led by China's CNPC have revised bids to develop Iraq's giant West Qurna oilfield and would soon meet Iraqi officials for talks, a senior Iraqi oil official said on Monday. The two companies rejoin Exxon Mobil and Russia's
Published 20 Oct, 2009 12:00am
Iraq Nassiriya oilfield could hit 200,000 barrels per day in two years

Iraq Nassiriya oilfield could hit 200,000 barrels per day in two years

An $8 billion project to develop Iraq's Nassiriya oilfield could take output there to 200,000 barrels per day (bpd) within two years, Iraqi oil officials said on Tuesday. Iraq officials would meet representatives of Japan's Nippon Oil to continue negotiat
Published 20 Oct, 2009 12:00am
US should cut budget deficit, says Bernanke

US should cut budget deficit, says Bernanke

Federal Reserve Chairman Ben Bernanke on Monday called for the United States to whittle down its record-high budget deficits and for countries like China to get their consumers to spend more, moves that would help combat skewed global trade and investment
Published 20 Oct, 2009 12:00am
Icahn offers CIT $6 billion loan

Icahn offers CIT $6 billion loan

Billionaire investor Carl Icahn offered a six billion dollar loan Monday to ailing lending giant CIT Group, calling it an alternative to a plan he said favours large bondholders. Icahn made the offer in a letter to the board of the troubled business lende
Published 20 Oct, 2009 12:00am
Icahn offers CIT $6 billion loan

Icahn offers CIT $6 billion loan

Billionaire investor Carl Icahn offered a six billion dollar loan Monday to ailing lending giant CIT Group, calling it an alternative to a plan he said favours large bondholders. Icahn made the offer in a letter to the board of the troubled business lende
Published 20 Oct, 2009 12:00am
Iraqi bank opens women-only branch: chief

Iraqi bank opens women-only branch: chief

An Iraqi bank has opened a branch entirely dedicated to and operated by women in the holy Shiite Muslim city of Najaf, its chief, who admitted even he could not enter, told AFP Monday. Abdel Razzaq Mansur, the chief executive of Babylon Bank, said the bra
Published 20 Oct, 2009 12:00am
EU announces new aid for crisis-hit dairy farmers

EU announces new aid for crisis-hit dairy farmers

The European Union on Monday announced a major aid package to crisis-hit dairy farmers, as hundreds of milk producers hit the streets in Luxembourg to press home their call for help. EU Agriculture Commissioner Mariann Fischer Boel said she would release
Published 20 Oct, 2009 12:00am
UK says bank bonuses should reflect state help

UK says bank bonuses should reflect state help

Britain's banks should consider their wider responsibility to society and "soft" government guarantees that have helped to support them before setting this year's bonus payouts, the financial regulator said on Monday.
Published 20 Oct, 2009 12:00am
UK to tighten mortgage rules, bans 'liar loans'

UK to tighten mortgage rules, bans 'liar loans'

Britain's financial regulator plans to force mortgage lenders to check the income of all borrowers, scrapping so-called "liar loans" blamed for helping to fuel bad debt problems at the heart of the credit crunch.
Published 20 Oct, 2009 12:00am
JAL's banks reject restructure plan

JAL's banks reject restructure plan

Creditors of Japan Airlines Corp have rejected the struggling carrier's restructuring plan and are pushing for a cut in debt waivers and details of the use of state funds, a source familiar with the matter said.
Published 20 Oct, 2009 12:00am
No need to revisit Opel decision: Germany

No need to revisit Opel decision: Germany

Germany said on Monday that there was no need for General Motors to revisit its decision to sell a majority stake in its European unit Opel/Vauxhall after the EU raised concerns about state aid.
Published 20 Oct, 2009 12:00am
Iran imports rice directly from US

Iran imports rice directly from US

Iran has imported 243 tonnes of rice from the United States in the last six months, the first time the Islamic state has bought the grain directly from its old foe in three decades, an Iranian newspaper said on Monday. Business daily Sarmayeh said Iran ha
Published 20 Oct, 2009 12:00am
Catastrophe bond market emerges from crisis

Catastrophe bond market emerges from crisis

The catastrophe bond market is emerging from the global financial crisis as investor demand revives and spreads tighten, promising a rise in issuance over coming months.
Published 20 Oct, 2009 12:00am
Catastrophe bond market emerges from crisis

Catastrophe bond market emerges from crisis

The catastrophe bond market is emerging from the global financial crisis as investor demand revives and spreads tighten, promising a rise in issuance over coming months.
Published 20 Oct, 2009 12:00am
Philippines shares surge

Philippines shares surge

Philippines share prices closed 0.32 percent higher on Monday on last-minute buying of blue chips, dealers said. The composite index added 9.38 points to end at 2,932.20 while the all shares index edged up 6.53 points or 0.35 percent to 1,853.59.
Published 20 Oct, 2009 12:00am
Malaysian shares up

Malaysian shares up

Malaysian shares closed up 0.38 percent on Monday led by gains in banking, construction and government-linked stocks, dealers said. The Kuala Lumpur Composite Index gained 4.72 points to a new 2009 closing high at 1,261.49. Gainers outpaced losers 439 to
Published 20 Oct, 2009 12:00am
Hong Kong shares end 1.23 percent firmer

Hong Kong shares end 1.23 percent firmer

Hong Kong shares rose 1.23 percent to their highest level in more than 14 months on Monday, helped by commodities companies and mainland banks due to bargain-hunting. The benchmark Hang Seng Index finished up 270.56 points at 22,200.46. Turnover was 60.63
Published 20 Oct, 2009 12:00am
Nikkei everage down

Nikkei everage down

Japan's Nikkei stock average fell 0.2 percent on Monday, with exporters such as Kyocera Corp down after disappointing US corporate earnings robbed the market of upward momentum sparked by earlier upbeat results.
Published 20 Oct, 2009 12:00am
Jakarta shares end higher

Jakarta shares end higher

Indonesian shares ended 0.20 percent higher on Monday as late bargain buying in commodity and auto stocks pushed the market into positive territory, dealers said. The Jakarta Composite Index gained 5.12 points to 2,520.92. "Buying by local institutional f
Published 20 Oct, 2009 12:00am
Taiwan stocks rise on PCs, Acer hits nine-year high

Taiwan stocks rise on PCs, Acer hits nine-year high

Taiwan stocks rose 0.47 percent on Monday, gaining for a fourth straight session, as positive quarterly results from IBM and the upcoming release of Microsoft's Windows 7 bolstered PC shares such as Acer. The main TAIEX shares index closed 36.22 points hi
Published 20 Oct, 2009 12:00am
New Zealand shares soar

New Zealand shares soar

New Zealand share prices rose 0.43 percent on Monday, helped higher by gains in blue chip Fletcher Building, dealers said. The benchmark NZX-50 index closed 13.72 points higher at 3,220.92 on turnover worth 71.2 million dollars (53.0 million US). There we
Published 20 Oct, 2009 12:00am
Singapore shares rally

Singapore shares rally

Singapore shares edged up 0.13 percent on Monday as traders awaited the release of corporate earnings results from major firms, dealers said. The blue chip Straits Times Index gained 3.58 points to 2,711.70 on volume of 1.69 billion shares worth 1.13 bill
Published 20 Oct, 2009 12:00am
Australian stocks decline

Australian stocks decline

Australian share prices closed down 0.90 percent on Monday as banking stocks weighed on the market after Wall Street failed to provide a positive lead, dealers said. The benchmark SP/ASX200 dropped 43.6 points to 4,792.8 while the broader All Ordinaries i
Published 20 Oct, 2009 12:00am
Chinese shares higher

Chinese shares higher

Chinese shares closed up 2.07 percent on Monday led by a strong rebound in property developers and financial companies, dealers said. The Shanghai Composite Index, which covers both A and B shares, was up 61.64 points to 3,038.27 on turnover of 140.6 bill
Published 20 Oct, 2009 12:00am
JGBs sag on supply concerns

JGBs sag on supply concerns

Japanese government bonds dipped on Monday, weighed down by supply concerns stemming from uncertainty about how much extra debt the government will have to issue to fund its spending programmes.
Published 20 Oct, 2009 12:00am
JGBs sag on supply concerns

JGBs sag on supply concerns

Japanese government bonds dipped on Monday, weighed down by supply concerns stemming from uncertainty about how much extra debt the government will have to issue to fund its spending programmes.
Published 20 Oct, 2009 12:00am
Seoul shares turn up; weaker won helps exporters

Seoul shares turn up; weaker won helps exporters

Seoul shares ended 0.5 percent higher on Monday, reversing earlier losses of as much as 1.6 percent, as the weaker won eased concerns about exporting issues and sent key tech exporters higher, but losses in retailers weighed. Analysts said the weaker won
Published 20 Oct, 2009 12:00am
Big-four are starting to crack, says Hughes

Big-four are starting to crack, says Hughes

Mark Hughes believes Manchester City's impressive start to the season proves the Premier League's big-four are no longer invincible. City are showing signs of being able to compete with the best in England and they are now in fifth place, five points behi
Published 20 Oct, 2009 12:00am
France handed tough Irish draw for playoffs

France handed tough Irish draw for playoffs

Former champions France have been handed a potentially tough test in their bid to qualify for the World Cup finals after drawing the Republic of Ireland in the play-offs Monday. Giovanni Trapattoni's Irish side were one of the most impressive teams in the
Published 20 Oct, 2009 12:00am
Lanky Pakistani paceman sets sights high

Lanky Pakistani paceman sets sights high

Towering Pakistani paceman Mohammad Irfan Monday said he hoped his extraordinary height will help him emulate the feats of fellow bowling giants Joel Garner and Bruce Reid. West Indian Garner and Australian Reid were two of the tallest bowlers ever to hav
Published 20 Oct, 2009 12:00am
Ferguson charged over referee fitness remarks

Ferguson charged over referee fitness remarks

Manchester United manager Alex Ferguson was charged with improper conduct by the Football Association on Monday for the comments he made about referee Alan Wiley after United's 2-2 draw with Sunderland this month.
Published 20 Oct, 2009 12:00am
Bolt blasts and bowls Gayle

Bolt blasts and bowls Gayle

Triple Olympic and world champion sprinter Usain Bolt returned to his first love, cricket, on Sunday and showed that he certainly knows how to handle both bat and ball. In a charity match, just down the coast from his home town of Trelawny, Bolt bowled We
Published 20 Oct, 2009 12:00am
Deported Asif cannot play in UAE, says PCB

Deported Asif cannot play in UAE, says PCB

Doping-tainted paceman Mohammad Asif has been ruled out of Pakistan's series against New Zealand next month as he cannot enter the United Arab Emirates, an official said Monday. "We inquired about Asif's position in the UAE and after checking that, we an
Published 20 Oct, 2009 12:00am
PCB chief rejects skipper's resignation

PCB chief rejects skipper's resignation

Pakistan cricket chief Ijaz Butt Monday rejected captain Younus Khan's resignation, saying Younus's reaction to match-fixing allegations was natural and there was no reason to replace him. "We have not accepted Younus's resignation and he will lead Pakist
Published 20 Oct, 2009 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 278,838 tonnes of cargo including 213,804 tonnes import and 65,034 tonnes export cargo including 4,987 empty and loaded containers during last 48 hours ending at 0700 hours on Monday.
Published 20 Oct, 2009 12:00am
HRW wheat steady

HRW wheat steady

Basis bids for hard red winter wheat in the US Plains were steady on Monday, after an active week of increased farmer selling and good Gulf demand. A rally in futures prices drove producer selling, merchants said, though interest waned toward the end of t
Published 20 Oct, 2009 12:00am
Italy's seven-month wheat imports rise

Italy's seven-month wheat imports rise

Imports of soft and durum wheat to Italy, a major grain buyer in Europe, rose again in the first seven months of 2009, while maize imports were almost flat, Italian cereals body Anacer said on Monday. Wheat imports started to rise in the six months to Jun
Published 20 Oct, 2009 12:00am
Bangladesh tenders to buy 100,000 tonnes of wheat

Bangladesh tenders to buy 100,000 tonnes of wheat

Bangladesh's state grains buyer has issued a new international tender to purchase 100,000 tonnes of wheat, European traders said on Monday. Any origin world-wide will be accepted from the 2009 crop year. The bidding deadline is December 2 and bids must re
Published 20 Oct, 2009 12:00am
Indonesia's September palm oil exports up

Indonesia's September palm oil exports up

Indonesian palm oil exports are estimated to have risen 27 percent in September to 1.36 million tonnes from the same month a year ago, data from the Indonesian Palm Oil Producers' association (GAPKI) showed on Monday. September exports, however, dropped 1
Published 20 Oct, 2009 12:00am
Singapore to increase budget spending next year

Singapore to increase budget spending next year

Singapore will lift spending from infrastructure to education next year and sees no major change from this year's record budget deficit, a sign the export-dependent country fears an economic rebound may not hold without government support.
Published 20 Oct, 2009 12:00am
China tries again, to curb industrial overcapacity

China tries again, to curb industrial overcapacity

China on Monday launched the latest in a long list of attempts to rein in industrial overcapacity to keep its fast-growing economy on an even keel and prevent investment from going to waste.
Published 20 Oct, 2009 12:00am
India to switch over to monthly inflation data

India to switch over to monthly inflation data

The Indian cabinet on Monday approved switching over to monthly release of wholesale inflation data from its current weekly format to capture the prices of manufactured goods more accurately and in line with global practices.
Published 20 Oct, 2009 12:00am
South Korean education spending hampers economy

South Korean education spending hampers economy

South Korea's central bank Monday blamed rising household spending on education for hampering efforts to boost private consumption and economic growth. The Bank of Korea (BoK) called for government steps to divert household spending from education and med
Published 20 Oct, 2009 12:00am
Singapore passes new tax law to implement OECD tax standard

Singapore passes new tax law to implement OECD tax standard

Singapore's parliament on Monday passed a bill that will bring the city-state's tax law in line with the international standard set by the Organisation for Economic Co-operation and Development (OECD) to fight tax evasion across borders.
Published 20 Oct, 2009 12:00am
Philippine economy falls victim to twin storms

Philippine economy falls victim to twin storms

Powerful storms that claimed nearly 1,000 lives in the Philippines have also taken a heavy toll on the nation's economy, with the impoverished Southeast Asian nation expected to take years to recover.
Published 20 Oct, 2009 12:00am
Iraq lawmakers warn next government may alter oil deals

Iraq lawmakers warn next government may alter oil deals

International oil companies signing deals with Iraq are taking a big risk as the next government, to be elected in January, may revise or cancel those contracts, senior lawmakers said on Monday.
Published 20 Oct, 2009 12:00am
Hasbro profit tops Street view; gives upbeat outlook

Hasbro profit tops Street view; gives upbeat outlook

Hasbro Inc posted a quarterly profit that beat Wall Street expectations and gave an upbeat outlook for the full-year, fuelling hopes for better toy sales during the holidays. The world's No 2 toymaker behind Mattel Inc said its full-year revenue will rise
Published 20 Oct, 2009 12:00am
Hasbro profit tops Street view; gives upbeat outlook

Hasbro profit tops Street view; gives upbeat outlook

Hasbro Inc posted a quarterly profit that beat Wall Street expectations and gave an upbeat outlook for the full-year, fuelling hopes for better toy sales during the holidays. The world's No 2 toymaker behind Mattel Inc said its full-year revenue will rise
Published 20 Oct, 2009 12:00am
French banks should pay for supervision: minister

French banks should pay for supervision: minister

Finance Minister Christine Lagarde said Monday that French banks should pay for their supervision, but opposed an additional tax on their profits. "There is no question of adopting a measure at the national level which would undermine the French banking s
Published 20 Oct, 2009 12:00am
Temasek plans second issue of 10-year bonds

Temasek plans second issue of 10-year bonds

State-linked Singapore investment firm Temasek Holdings said Monday it was planning a new 10-year bond offer as part of a capital-raising programme worth five billion US dollars. The bonds to be issued by Temasek Financial, a wholly owned subsidiary, are
Published 20 Oct, 2009 12:00am
Temasek plans second issue of 10-year bonds

Temasek plans second issue of 10-year bonds

State-linked Singapore investment firm Temasek Holdings said Monday it was planning a new 10-year bond offer as part of a capital-raising programme worth five billion US dollars. The bonds to be issued by Temasek Financial, a wholly owned subsidiary, are
Published 20 Oct, 2009 12:00am
Central bank cuts rates to lowest in over three years

Central bank cuts rates to lowest in over three years

Hungary's central bank cut its key rate by 50 basis points to 7.0 percent on Monday, and has now delivered combined rate cuts of two and a half percentage points in four months to ease a deep recession.
Published 20 Oct, 2009 12:00am
GE, Vivendi in talks over future of NBC Universal

GE, Vivendi in talks over future of NBC Universal

US manufacturing giant General Electric and French media conglomerate Vivendi are in talks over Vivendi's minority stake in television and movie company NBC Universal, The Wall Street Journal reported Monday. Citing people familiar with the matter, the ne
Published 20 Oct, 2009 12:00am
Gulf offers $60 billion worth of energy jobs to 2012

Gulf offers $60 billion worth of energy jobs to 2012

At least $60 billion dollars worth of energy contracts are up for grabs in four key Gulf markets over the next three years, the regional head of French oil and engineering group Technip said on Monday.
Published 20 Oct, 2009 12:00am
Taiwan plans energy tax starting in 2011

Taiwan plans energy tax starting in 2011

Taiwan's cabinet-level Tax Reform Committee approved Monday a plan to impose new taxes on energy and carbon-dioxide emissions that could generate 437 billion Taiwan dollars (13.6 billion US dollars) in tax revenue by the 10th year the taxes are levied, a
Published 20 Oct, 2009 12:00am
Taiwan dollar falls for a second session on outflows

Taiwan dollar falls for a second session on outflows

The Taiwan dollar fell for a second straight session on Monday as foreign investors shunned risky assets because of weak US corporate results, but exporter deals limited the local currency's losses. "The US dollar has seen a rebound, prompting some invest
Published 20 Oct, 2009 12:00am
Swiss franc range-bound versus dollar and euro

Swiss franc range-bound versus dollar and euro

The Swiss franc was flat on Monday against the euro and slightly firmer against the dollar with few major near-term drivers seen moving it out of its current trading band. The franc was flat against the euro compared to the New York close, trading at 1.51
Published 20 Oct, 2009 12:00am
Hong Kong dollar little changed, stuck in a tight range

Hong Kong dollar little changed, stuck in a tight range

The Hong Kong dollar moved in a narrow range against the US dollar on Monday, while interbank rates were steady to a touch firmer from the previous session. The local currency was quoted at 7.7502, just a whisker below its upper limit at 7.7500 to the US
Published 20 Oct, 2009 12:00am
Euro slips versus dollar, yen before FMs meet

Euro slips versus dollar, yen before FMs meet

The euro backed off a 14-month high against the dollar and a two-month peak against the yen on Monday as investors trimmed long positions on caution about what euro zone finance ministers may say about its recent strength.
Published 20 Oct, 2009 12:00am
Most Asian currencies down on dollar rebound

Most Asian currencies down on dollar rebound

A rebound in the dollar globally weighed down most Asian currencies on Monday, taking off some pressure on central banks in the region that have in recent weeks intervened to curb currency appreciation.
Published 20 Oct, 2009 12:00am
Yuan ends flat

Yuan ends flat

The yuan ended almost unchanged against the dollar on Monday after a Chinese senior official said China's gross domestic product (GDP) was on course for 8 percent full-year growth.
Published 20 Oct, 2009 12:00am
Libya to buy Russian fighter jets for $1 billion

Libya to buy Russian fighter jets for $1 billion

Libya is planning to buy more than 20 Russian fighter jets in a billion-dollar arms deal with Moscow, the Interfax news agency reported on Monday, citing a military-diplomatic source. "Libya is planning to buy 12 to 15 Su-35 multipurpose fighters, four Su
Published 20 Oct, 2009 12:00am
Bangladesh premier cleared of another graft charge

Bangladesh premier cleared of another graft charge

Bangladesh's leading anti-graft watchdog has cleared Prime Minister Sheikh Hasina Wazed and three others of another graft charge, saying there was no misuse of office by the accused, media reports said Monday.
Published 20 Oct, 2009 12:00am
Lavrov, EU leaders focus on bilateral ties

Lavrov, EU leaders focus on bilateral ties

Talks between the European Union and Russia are on track to conclude a new partnership and co-operation agreement to replace the one that expired last year, Russian Foreign Minister Sergey Lavrov said Monday.
Published 20 Oct, 2009 12:00am
US fund manager cleared of funding terrorism: Sri Lanka

US fund manager cleared of funding terrorism: Sri Lanka

Sri Lankan-born hedge fund billionaire Raj Rajaratnam was investigated for allegedly funding Tamil Tiger rebels, but there was no evidence against him, the Central Bank of Sri Lanka said Monday. US authorities on Friday charged Rajaratnam, 52, with fraud
Published 20 Oct, 2009 12:00am
World leaders told to seal climate deal in person

World leaders told to seal climate deal in person

Britain urged world leaders on Monday to turn up in person to salvage a UN climate deal in Copenhagen in December, as Australia and India outlined steps to rein in their greenhouse gas emissions.
Published 20 Oct, 2009 12:00am
Worker killed, six injured in labour unrest near Delhi

Worker killed, six injured in labour unrest near Delhi

Labour unrest at a factory near New Delhi left at least one worker dead and six injured as authorities deployed additional police amid tension at the plant Monday, a news report said.
Published 20 Oct, 2009 12:00am
UK police win court case on keeping old data

UK police win court case on keeping old data

Five police forces have won an appeal against having to delete old, minor convictions from their databases. The chief constables from Humberside, Staffordshire, Northumbria, West Midlands and Greater Manchester challenged an earlier decision by the Inform
Published 20 Oct, 2009 12:00am
China builds quake monitoring station at Everest

China builds quake monitoring station at Everest

Chinese scientists have begun operating an earthquake monitoring station at the foot of Mount Everest in a bid to learn more about the world's highest peak, an official said Monday. The station, which began operating over the weekend, is located at about
Published 20 Oct, 2009 12:00am
US commander urges 'aggressive' steps against cyber attacks

US commander urges 'aggressive' steps against cyber attacks

The United States and South Korea must take "aggressive steps" to safeguard their military computer networks from increasingly sophisticated cyber attacks, a US commander said Monday. Even a brief loss of digital connectivity could prove devastating in th
Published 20 Oct, 2009 12:00am
Somali Shabaab rebels say they shot down US drone

Somali Shabaab rebels say they shot down US drone

Somali insurgents shot down a US drone aircraft flying over the southern port of Kismayu on Monday and were searching for the wreckage, an insurgent spokesman said. Last month, US commandos killed a most wanted al Qaeda suspect allied to Somalia's al Shab
Published 20 Oct, 2009 12:00am
Hezbollah claims to have discovered Israeli spy devices

Hezbollah claims to have discovered Israeli spy devices

Hezbollah, the Lebanese Shis movement, claimed Monday that it had discovered and thwarted an Israeli spy surveillance network in southern Lebanon. The claim refers to three electronic underground censors seemingly planted during the 2006 incursion by Isra
Published 20 Oct, 2009 12:00am
Thousands of Kurds rally

Thousands of Kurds rally

Thousands of Kurds rallied across Turkey Monday as a Kurdish rebel "peace group" arrived from Iraq to show support for Ankara's plans to end the 25-year Kurdish conflict without violence. The peace group's 34 members, including eight Kurdistan Workers' Pa
Published 20 Oct, 2009 12:00am
Iraqi shoe-thrower launches aid foundation

Iraqi shoe-thrower launches aid foundation

An Iraqi journalist who was jailed for throwing his shoes at US President George W. Bush on Monday launched a foundation to help Iraqi widows and orphans. "I am making an appeal on behalf of my people and I announce the launch of a humanitarian foundation
Published 20 Oct, 2009 12:00am
Saudi Arabia welcomes adoption of Gaza war report

Saudi Arabia welcomes adoption of Gaza war report

Saudi Arabia's cabinet on Monday welcomed the adoption of the Goldstone report on alleged war crimes during the three-week Gaza war at the turn of the year, saying it bares Israel's illegal practices. The cabinet said in its weekly meeting that the UN-man
Published 20 Oct, 2009 12:00am
Sterling climbs versus dollar

Sterling climbs versus dollar

Sterling climbed to a four-week high against the dollar on Monday, with market positioning, strength in global stocks and a report on the UK housing market all helping the pound claw back earlier losses.
Published 20 Oct, 2009 12:00am
Dollar falls broadly in London

Dollar falls broadly in London

The dollar fell broadly on Monday, nearing a 14-month low against the euro, as optimism about global economic recovery and expectations US interest rates will stay low kept the US currency under pressure.
Published 20 Oct, 2009 12:00am
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