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Print - 2010-10-23
US to finance Gomal Zam, Satpara dams

US to finance Gomal Zam, Satpara dams

The United States has agreed to finance the under-construction Gomal Zam and Satpara dams and has also pledged to encourage its private sector investment in the energy sector, Minister for Water and Power Pervaiz Ashraf said. The minister, who led the Pak
Published 23 Oct, 2010 12:00am
US Midwest bids mostly steady

US Midwest bids mostly steady

Corn and soyabean spot basis bids held mostly steady around the US Midwest on Thursday as futures drifted lower and farmer sales of both crops remained slow, grain merchants said. Corn and soyabean sales limited to freshly harvested supplies that farmers
Published 23 Oct, 2010 12:00am
Loan to Pakistan not under US pressure: IMF

Loan to Pakistan not under US pressure: IMF

The Inter-national Monetary Fund (IMF) has dispelled the impression that it is extending a loan to Pakistan, under pressure from America. Business Recorder had sent a question to the IMF''s Senior Advisor, external relations department, David Hawle
Published 23 Oct, 2010 12:00am
US corn futures close lower

US corn futures close lower

US corn futures closed lower on Thursday as the dollar turned firm and on technical selling including profit-taking after Wednesday's climb to a one-week high. A slowdown in US corn exports adds pressure. CBOT December down 9-1/4 cents at $5.64-1/4 a bush
Published 23 Oct, 2010 12:00am
Loan to Pakistan not under US pressure: IMF

Loan to Pakistan not under US pressure: IMF

The Inter-national Monetary Fund (IMF) has dispelled the impression that it is extending a loan to Pakistan, under pressure from America. Business Recorder had sent a question to the IMF's Senior Advisor, external relations department, David Hawley
Published 23 Oct, 2010 12:00am
US wheat futures end lower

US wheat futures end lower

US wheat futures closed lower on Thursday as the dollar turned higher and on technical selling including profit-taking after the previous day's rally. Declines in corn added pressure. CBOT December down 14-1/4 cents at $6.68-3/4 per bushel. Funds sold 2,0
Published 23 Oct, 2010 12:00am
Loan to Pakistan not under US pressure: IMF

Loan to Pakistan not under US pressure: IMF

The Inter-national Monetary Fund (IMF) has dispelled the impression that it is extending a loan to Pakistan, under pressure from America. Business Recorder had sent a question to the IMF's Senior Advisor, external relations department, David Hawley
Published 23 Oct, 2010 12:00am
Canadian canola futures down

Canadian canola futures down

Canadian canola futures fell on Thursday on spillover from a sell-off in US soya markets and profit-taking after a three-day rally to two-year highs, traders said. Scattered hedge-related selling noted as farmers took advantage of high prices, although ca
Published 23 Oct, 2010 12:00am
US urged to intervene in Kashmir dispute

US urged to intervene in Kashmir dispute

Pakistan called Friday for President Barack Obama to intervene in its longstanding dispute with India over the Himalayan region of Kashmir, the cause of two of the three wars the nuclear-armed rivals have fought. Pakistani Foreign Minister Shah Mahmood Qu
Published 23 Oct, 2010 12:00am
China corn and soya imports to climb

China corn and soya imports to climb

China is forecast to import a record volume of soyabeans and to take more cargoes from the international corn market next year as domestic production fails to keep pace with surging demand. The outlook for higher imports from the world's top soyabean buye
Published 23 Oct, 2010 12:00am
US urged to intervene in Kashmir dispute

US urged to intervene in Kashmir dispute

Pakistan called Friday for President Barack Obama to intervene in its longstanding dispute with India over the Himalayan region of Kashmir, the cause of two of the three wars the nuclear-armed rivals have fought. Pakistani Foreign Minister Shah Mahmood Qu
Published 23 Oct, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 104,707 tonnes of cargo including 72,502 tonnes of import, 32,205 tonnes of export cargo and 2,568 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Friday. The total import cargo of 72,502 tonnes comp
Published 23 Oct, 2010 12:00am
'Musharraf approved drones'

'Musharraf approved drones'

Prime Minister Syed Yousuf Raza Gilani revealed Friday for the first time that former military ruler Pervez Musharraf gave approval for US drones to make surveillance flights over the country. "The previous government gave them permission for surveillance
Published 23 Oct, 2010 12:00am
Strong demand by mills pushing prices up on cotton market

Strong demand by mills pushing prices up on cotton market

Mills and exporters demand pushed prices higher on the cotton market on Friday, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised by Rs 100 to Rs 7650, they said. In the ready business, over 30,000 bales of cotton changed ha
Published 23 Oct, 2010 12:00am
'Musharraf approved drones'

'Musharraf approved drones'

Prime Minister Syed Yousuf Raza Gilani revealed Friday for the first time that former military ruler Pervez Musharraf gave approval for US drones to make surveillance flights over the country. "The previous government gave them permission for surveillance
Published 23 Oct, 2010 12:00am
No change on grain market

No change on grain market

No trading activity was seen on the wholesale grain and seed market on Friday as almost all the participants were busy in preparations for Juma prayers.
Published 23 Oct, 2010 12:00am
South East Asian markets: Manila sets all-time high

South East Asian markets: Manila sets all-time high

Most Southeast Asian stock markets posted small gains on Friday, with foreign buying helping push Philippine shares to a record high, amid optimism about profits as the earnings season gets under way. Share markets pulled back on the week, however, failin
Published 23 Oct, 2010 12:00am
US offers $2 billion military aid

US offers $2 billion military aid

The United States on Friday pledged two billion dollars in military aid to Pakistan and hailed its efforts to battle extremists, seeking to bolster an uneasy alliance with the frontline nation. The military package, keenly sought by Pakistan's leaders, ma
Published 23 Oct, 2010 12:00am
Nikkei inches up

Nikkei inches up

Japan's Nikkei rose 0.5 percent on Friday in a rebound after two days of losses, but investors were wary of pushing the market higher before seeing the outcome of a Group of 20 meeting and with the yen hovering near a 15-year high on the dollar. But with
Published 23 Oct, 2010 12:00am
US offers $2 billion military aid

US offers $2 billion military aid

The United States on Friday pledged two billion dollars in military aid to Pakistan and hailed its efforts to battle extremists, seeking to bolster an uneasy alliance with the frontline nation. The military package, keenly sought by Pakistan's leaders, ma
Published 23 Oct, 2010 12:00am
Friday's afternoon trade: technology shares advance

Friday's afternoon trade: technology shares advance

Technology shares advanced on Friday as results from Baidu Inc and SanDisk bolstered the outlook for the industry, while the broad market was little changed. Keeping investors skittish was a Group of 20 nations meeting that sought a common path to manage
Published 23 Oct, 2010 12:00am
US stocks rise

US stocks rise

Wall Street edged higher in a volatile session on Thursday, torn between strong corporate earnings and a surge in the US dollar. The market swung in a wide range throughout the day as investors reacted to gyrations in the currency markets and as relativel
Published 23 Oct, 2010 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.45 percent on Friday, with electronics parts suppliers including Wintek Corp and Largan Precision outperforming as they ride robust demand for smartphones. The main TAIEX share index closed up 36.83 points at 8,168.06, while the index
Published 23 Oct, 2010 12:00am
Treasuries decline

Treasuries decline

US Treasuries prices fell on Thursday as stock market gains and slightly firmer economic data damped demand for US safe-haven debt. Remarks by a Federal Reserve official that he would back incremental purchases of US Treasuries also disappointed some inve
Published 23 Oct, 2010 12:00am
Treasuries decline

Treasuries decline

US Treasuries prices fell on Thursday as stock market gains and slightly firmer economic data damped demand for US safe-haven debt. Remarks by a Federal Reserve official that he would back incremental purchases of US Treasuries also disappointed some inve
Published 23 Oct, 2010 12:00am
Seoul shares rise 1.2 percent

Seoul shares rise 1.2 percent

Seoul shares ended up 1.2 percent on Friday, buoyed by a strong set of US corporate earnings and foreign investors' purchases, with gains led by technology issues including LG Display. The Korea Composite Stock Price Index (KOSPI) finished up 1.21 percent
Published 23 Oct, 2010 12:00am
European CDS widen

European CDS widen

European corporate credit default swap spreads were a touch wider on Friday, despite a strong start to the third-quarter earnings season, amid continuing uncertainty about economic imbalances and currency volatility. By 0700 GMT the investment-grade Marki
Published 23 Oct, 2010 12:00am
European CDS widen

European CDS widen

European corporate credit default swap spreads were a touch wider on Friday, despite a strong start to the third-quarter earnings season, amid continuing uncertainty about economic imbalances and currency volatility. By 0700 GMT the investment-grade Marki
Published 23 Oct, 2010 12:00am
Hong Kong, China shares slip

Hong Kong, China shares slip

Hong Kong and Shanghai shares slipped on Friday in light volume as investors locked in gains in financials ahead of bank earnings reports due next week. The Hang Seng index fell 0.6 percent to 23,517.5 on the day, producing most of the week's 1 percent de
Published 23 Oct, 2010 12:00am
Indian shares eke out weekly gain

Indian shares eke out weekly gain

Indian shares snapped a two-week losing streak but closed Friday 0.5 percent lower on weak world equities and as traders turned cautious on near-term outlook. Top outsourcer Tata Consultancy Services rose as much as 6.7 percent to a record high of 1,049.9
Published 23 Oct, 2010 12:00am
European stocks slip

European stocks slip

European stocks ended slightly lower on Friday as worries over the outcome of the G20 meeting prompted investors to book some profits, after key indexes hit six-month highs in the previous session. The FTSEurofirst 300 index of top European shares closed
Published 23 Oct, 2010 12:00am
Weak miners pull FTSE down

Weak miners pull FTSE down

Weakness in heavyweight miners pulled Britain's leading shares lower on Friday, with trading choppy and volumes light, as investors awaited news from a Group of 20 nations meeting in South Korea. At the close, the FTSE 100 was 16.49 points, or 0.3 percent
Published 23 Oct, 2010 12:00am
Yuan scores first weekly fall

Yuan scores first weekly fall

Spot yuan closed down against the dollar on Friday, recording its first weekly fall since early September, after the People's Bank of China fixed a weaker mid-point in a clear signal that Beijing wants a temporary pause in the yuan's recent appreciation.
Published 23 Oct, 2010 12:00am
Sterling slips versus euro

Sterling slips versus euro

Sterling slipped against the euro on Friday, closing in on a near seven-month low as the pound stayed on the back foot after Bank of England minutes earlier in the week suggested more quantitative easing may be in store. But losses were capped as investor
Published 23 Oct, 2010 12:00am
Dollar falls in Asia

Dollar falls in Asia

The dollar fell on Friday after US Treasury Secretary Tim Geithner urged the Group of 20 nations not to weaken their currencies or keep them undervalued, in his push for a co-ordinated move to fix global imbalances. "Geithner appeared to be more aggressiv
Published 23 Oct, 2010 12:00am
Dollar steadies in London

Dollar steadies in London

The dollar steadied on Friday as investors hesitated about extending bearish bets against the greenback on uncertainty over whether any agreement would be reached at a weekend meeting of Group of 20 finance leaders. The United States raised its rhetoric,
Published 23 Oct, 2010 12:00am
Early trade: Dollar poised to snap five-week losing streak

Early trade: Dollar poised to snap five-week losing streak

The dollar was on track on Friday to snap a five-week losing streak against major currencies as traders took profits ahead of any statement from a meeting of global finance ministers and the euro repeatedly ran into technical resistance above $1.40.
Published 23 Oct, 2010 12:00am
Dollar rises as euro hits $1.40 resistance

Dollar rises as euro hits $1.40 resistance

The US dollar rebounded in volatile trade on Thursday after the euro failed again to hold above $1.40 and as investors turned cautious before a G20 finance ministers meeting this weekend. The euro had earlier climbed to a high around $1.4050 but failed to
Published 23 Oct, 2010 12:00am
Eurozone rates extend rise

Eurozone rates extend rise

Benchmark interbank eurozone lending rates extended their climb on Friday with analysts expecting them to grind higher still in coming weeks as excess liquidity in money markets dwindles. The three-month Euribor rate - traditionally the main gauge of unse
Published 23 Oct, 2010 12:00am
Eurozone rates extend rise

Eurozone rates extend rise

Benchmark interbank eurozone lending rates extended their climb on Friday with analysts expecting them to grind higher still in coming weeks as excess liquidity in money markets dwindles. The three-month Euribor rate - traditionally the main gauge of unse
Published 23 Oct, 2010 12:00am
Indian rupee snaps seven-week rally

Indian rupee snaps seven-week rally

The Indian rupee on Friday snapped a seven-week rally and posted its biggest daily loss in a month-and-a-half as traders positioned for dollar outflows post the country's largest initial public offer allocation. However, most of the foreign funds are like
Published 23 Oct, 2010 12:00am
Won, Singapore dollar stay up

Won, Singapore dollar stay up

The South Korean won and the Singapore dollar rose on Friday after US Treasury Secretary Timothy Geithner urged G20 members to avoid a currency war, but there was little reaction in other Asian currencies. Geithner said in letter to a G20 finance minister
Published 23 Oct, 2010 12:00am
Swiss franc ticks down

Swiss franc ticks down

The Swiss franc ticked lower on Friday as traders eyed the meeting of G-20 leaders in South Korea for signs of agreement on exchange rate policies. Currency markets have been volatile in recent months as concerns emerged that leaders of major economies co
Published 23 Oct, 2010 12:00am
Australian, New Zealand dollars up

Australian, New Zealand dollars up

The Australian dollar rose against a broadly softer greenback on Friday, bolstered by stop-loss buying as G20 finance ministers met, although players doubt the meeting will solve questions of currency depreciations. The Aussie rose to a high of $0.9839 fr
Published 23 Oct, 2010 12:00am
Ali Garh win in Veterans Cricket

Ali Garh win in Veterans Cricket

Ali Garh Veteran imposed thrilling five-run win over Siddiq Motors in the IInd SPM Lahore Veterans Cricket League at Model Town's Ali Garh Ground, Lahore. Ali Garh made 203-5 with Shakil Malik 52, Shahid Yaqoob 53, Babar Bhandara 14, Rehan Rauf 26, Tariq
Published 23 Oct, 2010 12:00am
Pakistan ranked 164th in FIFA ranking

Pakistan ranked 164th in FIFA ranking

Pakistan is currently ranked 164th in the world football ranking of FIFA, according to the latest monthly issue of the Federation received here on Friday. The table shows that Spain tops the list followed by Netherlands and Brazil while India is placed at
Published 23 Oct, 2010 12:00am
PCB forms anti-corruption body

PCB forms anti-corruption body

Pakistan Cricket Board (PCB) has constituted a seven-member committee to remove corruption from the game, in line with instructions given by the International Cricket Council (ICC). PCB Chief Ijaz Butt will head the committee, which will have authority to
Published 23 Oct, 2010 12:00am
Sohail Abbas hopes for good show in Asian Games

Sohail Abbas hopes for good show in Asian Games

Pakistan's top hockey star Sohail Abbas said on Friday that he was looking forward to play his part in the next month's Asian Games at Guangzhou, (China). "Pakistan has given me everything and I am looking forward to contribute some thing for the country
Published 23 Oct, 2010 12:00am
Suspended FIFA official Adamu denies wrongdoing

Suspended FIFA official Adamu denies wrongdoing

FIFA executive committee member Amos Adamu, suspended on suspicion of selling his vote in the contest to host the 2018 and 2022 World Cup finals, has denied wrongdoing and said investigations would show him to be a credible person.
Published 23 Oct, 2010 12:00am
Atletico break duck, hat-trick for Adebayor

Atletico break duck, hat-trick for Adebayor

Holders Atletico Madrid won for the first time in the Europa League this season, beating Rosenborg 3-0, while Emmanuel Adebayor scored a hat-trick as Manchester City beat Lech Poznan 3-1. Swiss second division side Lausanne, trailing 3-1 at Sparta Prague
Published 23 Oct, 2010 12:00am
Shock u-turn as Rooney signs new deal with United

Shock u-turn as Rooney signs new deal with United

Wayne Rooney performed a shock u-turn Friday by signing a new five-year contract with Manchester United just days after appearing to be on his way out of Old Trafford. Rooney had rocked United on Wednesday by revealing that he wanted to leave the Premier
Published 23 Oct, 2010 12:00am
Switzerland and Canada sign new deal on tax evasion

Switzerland and Canada sign new deal on tax evasion

Switzerland and Canada on Friday signed a new taxation agreement during a visit to Berne by Canadian Prime Minister Stephen Harper, weeks after Harper vowed to hunt down tax cheats with Swiss accounts. Swiss Finance Minister Hans Rudolf Merz and Canadian
Published 23 Oct, 2010 12:00am
Iraq's Anbar province rejects foreign gas firms

Iraq's Anbar province rejects foreign gas firms

Authorities in a western Iraqi province rejected the results of this week's government-organised gas auction, which allowed a pair of foreign companies to develop a big deposit on its territory. The warning puts Anbar province on a collision course with t
Published 23 Oct, 2010 12:00am
India slaps Vodafone with $2.53 billion tax demand

India slaps Vodafone with $2.53 billion tax demand

India slapped a 2.53-billion-dollar tax bill on British cell phone giant Vodafone on Friday over its 2007 purchase of an Indian mobile company and demanded payment within 30 days. The formal demand is the latest development in Vodafone's bitter row with I
Published 23 Oct, 2010 12:00am
Jobless rate down in most US states in September

Jobless rate down in most US states in September

Unemployment rates dropped in September in most US states, the Labour Department said on Friday ahead of early November elections where jobs are expected to be a key focus for voters selecting governors, state legislators and federal lawmakers. The unempl
Published 23 Oct, 2010 12:00am
AIG raises $17.9 billion, prices AIA IPO at top

AIG raises $17.9 billion, prices AIA IPO at top

AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range as investors piled into the most attractive offering in the world's hottest financial market. The pricing of the initial public offering, s
Published 23 Oct, 2010 12:00am
AIG raises $17.9 billion, prices AIA IPO at top

AIG raises $17.9 billion, prices AIA IPO at top

AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range as investors piled into the most attractive offering in the world's hottest financial market. The pricing of the initial public offering, s
Published 23 Oct, 2010 12:00am
EU sends warning to China with 10-year trade strategy

EU sends warning to China with 10-year trade strategy

The European Union will act against any country that denies it access to scarce raw materials or energy resources it needs for growth, according to a draft document setting out its 10-year trade agenda, aims that could ratchet up tension with China and Ru
Published 23 Oct, 2010 12:00am
German business morale hits 3-1/2 year high

German business morale hits 3-1/2 year high

German business sentiment hit its strongest in 3-1/2 years in October and firms' expectations also improved, with a key survey on Friday suggesting that a recovery in Europe's largest economy may hold up better than expected. The Munich-based Ifo think ta
Published 23 Oct, 2010 12:00am
Singapore, Australia bourses in merger talks

Singapore, Australia bourses in merger talks

The Singapore Exchange is in take-over talks with Australia's ASX Ltd, a report said, in a deal which could create one of the world's largest exchanges with a market capitalisation of almost $14 billion. Shares in the ASX and Singapore Exchange were both
Published 23 Oct, 2010 12:00am
Police clear refinery, French unions defiant

Police clear refinery, French unions defiant

French riot police rushed picket lines to break a blockade of the main fuel refinery supplying Paris on Friday as unions hardened their stance before a vote on President Nicolas Sarkozy's pension reform due later in the day. Signalling their determination
Published 23 Oct, 2010 12:00am
UBS promotes risk officer to Americas CEO

UBS promotes risk officer to Americas CEO

UBS moved to put recent US troubles further behind it by promoting a 26-year veteran of the Swiss bank as chief executive of its Americas business. UBS said on Friday Philip Lofts will take over as head of UBS Group Americas. He will be succeeded as group
Published 23 Oct, 2010 12:00am
Australia approves $30 billion coal seam gas projects

Australia approves $30 billion coal seam gas projects

Australia gave environmental approval on Friday to two coal-seam gas projects worth about $30 billion, led by BG Group and Santos, but attached 300 conditions that could inflate costs. The approvals pave the way for the two companies to make final investm
Published 23 Oct, 2010 12:00am
US plan for trade targets hits G20 headwinds

US plan for trade targets hits G20 headwinds

The United States struggled on Friday to win backing for a proposal to set limits on external imbalances as a way of pressing countries with surpluses such as China to let their exchange rates rise.
Published 23 Oct, 2010 12:00am
SKMCH&RC to observe Breast Cancer Awareness Day on Monday

SKMCH&RC to observe Breast Cancer Awareness Day on Monday

Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC) is observing Breast Cancer Awareness Day on Monday to help raise awareness about how early detection can help save the lives of the women.
Published 23 Oct, 2010 12:00am
20 Faisalabad city roads commercialised

20 Faisalabad city roads commercialised

Faisalabad District Planning and Design Committee (DPDC) approved of 20 roads of Faisalabad city for commercialisation purpose, according to 'Punjab Development Authority Land Use (Classification, Reclassification and Redevelopment Rules, 2009).
Published 23 Oct, 2010 12:00am
Sixth IGATEX exhibition 2010 opens

Sixth IGATEX exhibition 2010 opens

6th International Garment, Textile Machinery and Accessories (IGATEX) exhibition 2010 opened up at the Expo Centre Lahore on Friday. Advisor to Prime Minister on Textile, Dr Mirza Ikhtiar Baig inaugurated the three-day exhibition attended by 450 foreign f
Published 23 Oct, 2010 12:00am
Dr Baig argues over tight monetary policy

Dr Baig argues over tight monetary policy

Federal Advisor on Textile, Dr Mirza Ikhtiar Baig differed Friday with government's stringent monetary policy having negative impact on economy's growth, job creation and further investment in the country. "I have no option but to differ with the monetary
Published 23 Oct, 2010 12:00am
Prize bonds' verification: notice to PML-N MNA issued

Prize bonds' verification: notice to PML-N MNA issued

Lahore High Court on Friday issued notice to PML-N MNA Khawaja Saad Rafique in a petition seeking verification of prize bonds from State Bank of Pakistan which the legislator submitted earlier. The petitioner Humayun Akhter of PML-Q, who lost election aga
Published 23 Oct, 2010 12:00am
Flood survivors: 50,000 quilts to be distributed in seven districts

Flood survivors: 50,000 quilts to be distributed in seven districts

The process of distribution of 50,000 polyester quilts is being started in seven districts for protecting the flood affectees from cold. Substandard material in these quilts would not be tolerated and a quality control committee has been established in th
Published 23 Oct, 2010 12:00am
Armed men kill three persons at marketplace

Armed men kill three persons at marketplace

Three persons were killed while seven others sustained injuries when four armed men opened indiscriminate firing at the busiest bazar of Nawaban Wala, on Faisalabad Samundri Road on late Thursday night. According to an official of the Saman Abad Police Po
Published 23 Oct, 2010 12:00am
Karachi Dialogue Committee should be constituted in Parliament: Pina

Karachi Dialogue Committee should be constituted in Parliament: Pina

The participants of Pina seminar on the worsening Karachi situation unanimously resolved that a Karachi Dialogue Committee should be constituted in the Parliament to undertake persistent dialogue between all political parties and stakeholders to restore p
Published 23 Oct, 2010 12:00am
Punjab government to set up industrial estates in Rahim Yar Khan

Punjab government to set up industrial estates in Rahim Yar Khan

The Punjab government intends to set up industrial estates in Rahim Yar Khan and on Lahore Kasur Road and in this connection Punjab Chief Minister Muhammad Shahbaz Sharif has asked the concerned department to identify lands. "Maximum sites should be ident
Published 23 Oct, 2010 12:00am
Need for using biotechnology highlighted

Need for using biotechnology highlighted

Vice Chancellor, University of Veterinary and Animal Sciences (UVAS) Professor Dr Muhammad Nawaz has urged biotechnologists to play their role in increasing production of milk, meat and crops by using modern application of biotechnology. As many as 2000 s
Published 23 Oct, 2010 12:00am
Afghan insurgents dismiss peace talks, Nato upbeat

Afghan insurgents dismiss peace talks, Nato upbeat

Mid-level Taliban insurgency commanders do not believe their leaders have begun tentative peace talks with the Afghan government, with many vowing on Friday not to give up the fight after nearly 10 years of war. Nato and Afghan officials have reported pre
Published 23 Oct, 2010 12:00am
No surprises seen in WikiLeaks Iraq war data: Pentagon

No surprises seen in WikiLeaks Iraq war data: Pentagon

The Pentagon said on Friday it does not expect big surprises from an imminent release of up to 500,000 Iraq war files by WikiLeaks, but warned that US troops and Iraqis could be endangered by the file dump. If confirmed, the leak would be much larger than
Published 23 Oct, 2010 12:00am
Iraq weapons inspector's death was suicide: UK files

Iraq weapons inspector's death was suicide: UK files

Britain released secret medical files on Friday that poured cold water on lingering conspiracy theories that former UN Iraq weapons expert David Kelly may have been murdered. Kelly, 59, was found dead in 2003 after being named as the source of a BBC repor
Published 23 Oct, 2010 12:00am
Haiti battles cholera epidemic, 140 dead

Haiti battles cholera epidemic, 140 dead

Haiti's government and its aid partners fought on Friday to contain a cholera epidemic that has killed at least 140 people in the nation's worst medical emergency since the January 12 earthquake. The World Health Organisation (WHO) said the virulent diarr
Published 23 Oct, 2010 12:00am
Obama names aide as deputy national security advisor

Obama names aide as deputy national security advisor

US President Barack Obama on Friday completed a shuffle of his White House foreign policy team, naming close aide Denis McDonough as deputy national security advisor. McDonough, 40, will occupy the post formerly held by Obama's new national security advis
Published 23 Oct, 2010 12:00am
Mediterranean nations agree to combat climate change

Mediterranean nations agree to combat climate change

Some 15 Mediterranean countries, including Israel and the Palestinian Authority, agreed Friday to work together to combat the effects of climate change that threaten the region. The countries signed a declaration at a climate change conference near Athens
Published 23 Oct, 2010 12:00am
Mexican state toughens penalties for killing journalists

Mexican state toughens penalties for killing journalists

The legislature of the Mexican border state of Chihuahua has ordered life prison terms for persons convicted of murdering journalists, increasingly the targets of drug traffickers. Approval of the tougher sentence Thursday follows the killing last month o
Published 23 Oct, 2010 12:00am
UK nuclear submarine runs aground off Scotland

UK nuclear submarine runs aground off Scotland

A new British nuclear-powered submarine ran aground off the coast of north-west Scotland on Friday during an exchange of crew members. Military officials played down the significance of the embarrassing accident involving the navy's biggest and newest sub
Published 23 Oct, 2010 12:00am
EU, Russia prod Iran to hold nuclear talks in November

EU, Russia prod Iran to hold nuclear talks in November

European Union foreign affairs chief Catherine Ashton reissued an invitation to Iran on Friday to hold talks on its nuclear programme next month, while Russia also pressed Iran to take up the offer. In a letter to Iran's ambassador to the European Union,
Published 23 Oct, 2010 12:00am
Israel settlements block Palestinian state: UN

Israel settlements block Palestinian state: UN

Israel's settlement construction in the occupied territories has become an almost insurmountable obstacle to creating an independent Palestinian state, a UN envoy said Friday. A Palestinian state "seems increasingly problematic as a solution because it wo
Published 23 Oct, 2010 12:00am
Death toll from Philippine typhoon rises to 36

Death toll from Philippine typhoon rises to 36

The death toll in the Philippines from Typhoon Megi, which roared across the country earlier this week, rose to 36 on Friday, the government and Red Cross reported. The typhoon slammed into the north-eastern side of the main island of Luzon on Monday, rip
Published 23 Oct, 2010 12:00am
China launches official web mapping service ahead of Google

China launches official web mapping service ahead of Google

China has launched an official online mapping service as US Internet giant Google continues to hold out on applying for a licence to provide a similar service in the country, state media said Friday. The government-backed service Map World is free and all
Published 23 Oct, 2010 12:00am
New York cotton finishes daily limit up

New York cotton finishes daily limit up

US cotton futures finished the daily limit up Friday on fund and investment buying after storms ripped through the key growing state of Texas late last night, analysts said. Hail and heavy rain hit Texas, which harvests about half of the US cotton crop, i
Published 23 Oct, 2010 12:00am
US soyabeans retreat

US soyabeans retreat

Soyabean futures on the Chicago Board of Trade ended lower on Thursday, weighed down by profit-taking and a rebound in the US dollar after the market climbed to a 14-month top, traders said. Market fell despite USDA reporting a huge US weekly soyabean exp
Published 23 Oct, 2010 12:00am
Vegetable oils gain on China demand

Vegetable oils gain on China demand

Global vegetable oils stayed just below their two year highs on Friday as traders awaited more signs of continued demand from China for agriculture commodities and a stronger crude oil market. China, over the past week, purchased large quantities of soybe
Published 23 Oct, 2010 12:00am
Liffe coffee and sugar down

Liffe coffee and sugar down

Liffe January robusta coffee ended $67 lower at $1,826 per tonne on Friday. Market slipped back after a strong advance earlier in the week to a two-year peak as further indications on the outlook of the crop in Vietnam are keenly awaited. Liffe front-mont
Published 23 Oct, 2010 12:00am
Arabicas rises above $2/lb

Arabicas rises above $2/lb

Concerns about tight coffee supplies and fund buying catapulted arabica coffee to close above the $2 a lb for the first time in 13 years on Thursday. Raw sugar futures finished a choppy session lower while cocoa closed higher, recouping losses from earlie
Published 23 Oct, 2010 12:00am
Tokyo rubber futures drop

Tokyo rubber futures drop

Tokyo rubber futures ended lower on Friday as players liquidated contracts to avoid risk, and oil prices failed to lend much support, dealers said. The benchmark contract on the Tokyo Commodity Exchange for March delivery fell 0.7 yen to settle at 333.8 y
Published 23 Oct, 2010 12:00am
US copper lower

US copper lower

US copper prices ended lower on Thursday, erasing earlier gains as volatility in the currency market weighed on broader sentiment, but the metal's tightening market balance limited the losses. Copper for December delivery shed 1.20 cents to end at $3.7815
Published 23 Oct, 2010 12:00am
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