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Print - 2005-07-18
The Weather

The Weather

The weather report on Sunday (July 17) and the forecast for Monday (July 18, 2005).
Published 18 Jul, 2005 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (July 17, 2005).
Published 18 Jul, 2005 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week . (July 11-16, 2005).

Published 18 Jul, 2005 12:00am
Iraq oil strike not seen affecting exports

Iraq oil strike not seen affecting exports

A strike at Iraq's South Oil Company on Sunday is not expected to halt crude exports and is designed to pressure the government to improve the conditions of employees, an oil official said. "This will be a peaceful protest and will not lead to a halt in e
Published 18 Jul, 2005 12:00am
North Korea agrees to expand tourism with Hyundai

North Korea agrees to expand tourism with Hyundai

North Korea has agreed to expand its fledgling tourism operations in the communist state, funded by South Korea's Hyundai Group, by opening more cites to outsiders from next month, Hyundai said on Sunday.
Published 18 Jul, 2005 12:00am
Indian photographer faces suit over Coke billboard

Indian photographer faces suit over Coke billboard

An Indian photographer has been threatened with legal action by beverage giant Coca-Cola Co for displaying one of his photographs - depicting water shortages against a backdrop of the company's ubiquitous logo - on a giant billboard.
Published 18 Jul, 2005 12:00am
Iran plans $1 billion credit line to boost Iraq trade

Iran plans $1 billion credit line to boost Iraq trade

Iran and Iraq signed a memorandum of understanding on Sunday, aiming to open $1 billion credit line that could boost the flow of Iran's exports to its neighbour, the Commerce Ministry said. Iraqi Prime Minister Ibrahim Jafaari, the first Iraqi leader to v
Published 18 Jul, 2005 12:00am
Kuwaiti firm selects Motorola for network upgrade

Kuwaiti firm selects Motorola for network upgrade

Kuwait's mobile phone operator Mobile Telecommunications Company (MTC) has signed a $30 million contract with Motorola as part of a network expansion initiative, MTC said on Sunday. MTC said the deal would help it to increase the capacity, availability an
Published 18 Jul, 2005 12:00am
Dubai's IAIC $54 million IPO oversubscribed

Dubai's IAIC $54 million IPO oversubscribed

A 200 million dirham ($54.5 million) initial public offering of the UAE's Islamic Arab Insurance Company (IAIC) closed about eight times oversubscribed, the company's investment bank said on Sunday. Khaled Sifri, managing director of investment banking at
Published 18 Jul, 2005 12:00am
Dubai's IAIC $54 million IPO oversubscribed

Dubai's IAIC $54 million IPO oversubscribed

A 200 million dirham ($54.5 million) initial public offering of the UAE's Islamic Arab Insurance Company (IAIC) closed about eight times oversubscribed, the company's investment bank said on Sunday. Khaled Sifri, managing director of investment banking at
Published 18 Jul, 2005 12:00am
UAE's Emaar Properties profit slips

UAE's Emaar Properties profit slips

Dubai's Emaar Properties on Sunday confirmed disappointing second quarter net profit after its shares fell nearly 4 percent in anticipation of the results. The real estate giant said in a statement after the close of trade that second quarter net profit w
Published 18 Jul, 2005 12:00am
UAE's Emaar Properties profit slips

UAE's Emaar Properties profit slips

Dubai's Emaar Properties on Sunday confirmed disappointing second quarter net profit after its shares fell nearly 4 percent in anticipation of the results. The real estate giant said in a statement after the close of trade that second quarter net profit w
Published 18 Jul, 2005 12:00am
Southeast Asia oil producers in dilemma over subsidies

Southeast Asia oil producers in dilemma over subsidies

When Southeast Asian energy ministers meet in Cambodia this week, many of them must face the fact that the pain they are feeling from $60 a barrel oil is partly of their own making. Even crude exporters such as Indonesia and Vietnam are suffering under th
Published 18 Jul, 2005 12:00am
Budget based on Buba's conservative estimate: Eichel

Budget based on Buba's conservative estimate: Eichel

Germany's budget is based on an "extremely conservative" estimate of Bundesbank profits in 2006 and following years, Finance Minister Hans Eichel told Reuters in an interview. The budget plans foresee the central bank transferring 500 million euros a year
Published 18 Jul, 2005 12:00am
Asiana pilots stage strike, flights cancelled

Asiana pilots stage strike, flights cancelled

Unionised pilots at South Korea's Asiana Airlines Inc began an indefinite strike on Sunday after talks with management failed, forcing the airline to cancel 37 percent of domestic flights scheduled for Monday.
Published 18 Jul, 2005 12:00am
Unipol to buy developers' stake in BNL

Unipol to buy developers' stake in BNL

Italian insurer Unipol on Sunday moved closer to launching a counterbid for Banca Nazionale del Lavoro as its board approved a plan to buy BNL shares from investors who have opposed a bid from Spain's BBVA.
Published 18 Jul, 2005 12:00am
Unipol to buy developers' stake in BNL

Unipol to buy developers' stake in BNL

Italian insurer Unipol on Sunday moved closer to launching a counterbid for Banca Nazionale del Lavoro as its board approved a plan to buy BNL shares from investors who have opposed a bid from Spain's BBVA.
Published 18 Jul, 2005 12:00am
Zimbabwe to ask South Africa for $1 billion loan

Zimbabwe to ask South Africa for $1 billion loan

Crisis-struck Zimbabwe will on Monday ask South Africa for a $1 billion loan to buy fuel and food and stave off expulsion from the International Monetary Fund (IMF), a South African newspaper said on Sunday.
Published 18 Jul, 2005 12:00am
Kluft crowned champion

Kluft crowned champion

Swedish athletics star Carolina Kluft won the European junior long jump title to add to her Olympic, world and European heptathlon titles here on Sunday. The 22-year-old jumped 6.79 metres to retain her title under a month ahead of attempting to defend he
Published 18 Jul, 2005 12:00am
Advocat new UAE soccer coach

Advocat new UAE soccer coach

Dutchman Dick Advocat has become the new national coach of the United Arab Emirates on a one-year contract, the UAE football federation said on Sunday. Advocat takes over from compatriot Ad de Mos, who was sacked in April for poor results.
Published 18 Jul, 2005 12:00am
English confidence major factor in series: McGrath

English confidence major factor in series: McGrath

Australia's top strike bowler Glenn McGrath said England's belief in themselves will be a major factor in deciding the outcome of the Ashes series, which starts at Lord's on Thursday.
Published 18 Jul, 2005 12:00am
Unexpected West Indian resistence stings Sri Lanka

Unexpected West Indian resistence stings Sri Lanka

Sri Lankan captain Marvan Atapattu on Sunday called for an improved display by his batsmen after Saturday's hard-fought six-wicket win over a weakened West Indies in the first cricket Test here.
Published 18 Jul, 2005 12:00am
Beasley's two goals lift US into Gold Cup semis

Beasley's two goals lift US into Gold Cup semis

DaMarcus Beasley scored in the 42nd and 83rd minutes here on Saturday to give the United States a 3-1 victory over Jamaica in a quarter-final match of the CONCACAF Gold Cup football tournament.
Published 18 Jul, 2005 12:00am
Langer happy to be back in groove

Langer happy to be back in groove

Australian opening batsman Justin Langer smashed a century on Saturday and warned England he's ready for an Ashes onslaught this summer.
Published 18 Jul, 2005 12:00am
Lawson reported for suspect action

Lawson reported for suspect action

West Indian fast bowler Jermaine Lawson was reported for an illegal bowling action during the first Test against Sri Lanka in Colombo, the International Cricket Council (ICC) said on Sunday.
Published 18 Jul, 2005 12:00am
Unbeatable Tiger Woods wins British Open

Unbeatable Tiger Woods wins British Open

Tiger Woods completed his 36-hole victory march here on Sunday when he convincingly won the Open championship with a final round two-under 70. The world number one finished 14-under for the tournament and five clear of his nearest rival - Colin Montgomeri
Published 18 Jul, 2005 12:00am
Pakistani doctors emerge pioneer in autologous stem cell therapy

Pakistani doctors emerge pioneer in autologous stem cell therapy

Pakistani doctors have emerged to be the first to successfully apply Autologous Stem Cell Therapy in treating Thalassemia Major, a debilitating blood disorder that affects hundreds of thousands of people and kills several thousand children before they rea
Published 18 Jul, 2005 12:00am
Modern healthcare facilities needed at government hospitals

Modern healthcare facilities needed at government hospitals

Speakers at a Continuing Medical Education programme stressed need to provide latest diagnostic and treating equipment and instruments at all government health facilities to provide modern healthcare to people nearest to their homes.
Published 18 Jul, 2005 12:00am
Clean environment necessary for country

Clean environment necessary for country

The right to a clean environment may have become an alien concept in Pakistan, a nation of about 150 million people. Environmental and marine pollution has tremendous increase in the last few decades. Human beings themselves are major contributors to the
Published 18 Jul, 2005 12:00am
HEALTH UPDATE: obese women fitter than obese men

HEALTH UPDATE: obese women fitter than obese men

Obese men may be less physically fit than obese women, perhaps because they are more likely to have diabetes or pre-diabetes and tend to have more abdominal fat, Dutch researchers reported on Monday (July 11).
Published 18 Jul, 2005 12:00am
Livedoor to vie for cellphone licence

Livedoor to vie for cellphone licence

Livedoor Company plans to apply for one of up to three new mobile licences that the Japanese government is expected to issue later this year, the Nihon Keizai business daily reported on July 15. Livedoor will apply for the 2.0-gigahertz band, for which th
Published 18 Jul, 2005 12:00am
Sony Ericsson investments hurt quarterly profits

Sony Ericsson investments hurt quarterly profits

Mobile phone giant Sony Ericsson reported on Friday falling profits for the second quarter, saying continued high spending on research and development weighed on the bottom line. Second-quarter net profit fell to 75 million euros (91 million dollars) from
Published 18 Jul, 2005 12:00am
Sony Ericsson investments hurt quarterly profits

Sony Ericsson investments hurt quarterly profits

Mobile phone giant Sony Ericsson reported on Friday falling profits for the second quarter, saying continued high spending on research and development weighed on the bottom line. Second-quarter net profit fell to 75 million euros (91 million dollars) from
Published 18 Jul, 2005 12:00am
StarHub seen raising dividend on better earnings

StarHub seen raising dividend on better earnings

StarHub Ltd, Singapore's second-largest telecoms firm, is likely to pay a slightly higher 2005 dividend than earlier announced as its cable TV and broadband operations drive earnings growth, analysts said on July 14. StarHub, also the city-state's second-
Published 18 Jul, 2005 12:00am
StarHub seen raising dividend on better earnings

StarHub seen raising dividend on better earnings

StarHub Ltd, Singapore's second-largest telecoms firm, is likely to pay a slightly higher 2005 dividend than earlier announced as its cable TV and broadband operations drive earnings growth, analysts said on July 14. StarHub, also the city-state's second-
Published 18 Jul, 2005 12:00am
T-Mobile deal value likely to lag peers

T-Mobile deal value likely to lag peers

T-Mobile USA would likely attract a much lower price tag than other wireless companies, if it goes on the block, according to wireless analysts. The No. 4 US mobile provider's parent, Deutsche Telekom AG expects to make a decision by year-end between putt
Published 18 Jul, 2005 12:00am
Cellphone wars push China's Ningbo Bird into red

Cellphone wars push China's Ningbo Bird into red

China's biggest cellphone maker, Ningbo Bird, warned on Friday it had slipped into the red, joining rival TCL Communication in the loss column amid cut-throat competition in their home market. Bird's shares plunged their daily 10 percent limit by noon, le
Published 18 Jul, 2005 12:00am
Cellphone wars push China's Ningbo Bird into red

Cellphone wars push China's Ningbo Bird into red

China's biggest cellphone maker, Ningbo Bird, warned on Friday it had slipped into the red, joining rival TCL Communication in the loss column amid cut-throat competition in their home market. Bird's shares plunged their daily 10 percent limit by noon, le
Published 18 Jul, 2005 12:00am
Merrill ups China Mobile price target

Merrill ups China Mobile price target

Merrill Lynch has upgraded its profit estimate and price target on China's largest mobile operator China Mobile (HK) Ltd, saying its profitability had been underestimated. "Profitability has been understated due to conservative practices.
Published 18 Jul, 2005 12:00am
Merrill ups China Mobile price target

Merrill ups China Mobile price target

Merrill Lynch has upgraded its profit estimate and price target on China's largest mobile operator China Mobile (HK) Ltd, saying its profitability had been underestimated. "Profitability has been understated due to conservative practices.
Published 18 Jul, 2005 12:00am
Japan May mobile phone shipments fall

Japan May mobile phone shipments fall

Mobile phone shipments in Japan fell in May for the third straight month, although replacement demand spurred a 36.5 percent jump in shipments of high-speed third-generation models. Shipments by Japanese mobile phone makers fell 1.9 percent in May from th
Published 18 Jul, 2005 12:00am
Vodafone's German 3G customers top 500,000

Vodafone's German 3G customers top 500,000

Vodafone Group Plc has sold more than half a million third-generation (3G) mobile devices in Germany and they are proving more lucrative than less sophisticated phones, the cell phone operator said on July 14.
Published 18 Jul, 2005 12:00am
Vodafone's German 3G customers top 500,000

Vodafone's German 3G customers top 500,000

Vodafone Group Plc has sold more than half a million third-generation (3G) mobile devices in Germany and they are proving more lucrative than less sophisticated phones, the cell phone operator said on July 14.
Published 18 Jul, 2005 12:00am
US FAA sees hurdles to in-flight mobile phone use

US FAA sees hurdles to in-flight mobile phone use

Substantial challenges remain to the in-flight use of mobile phones even if communications regulators ease their ban, the Federal Aviation Administration told lawmakers on July 15.
Published 18 Jul, 2005 12:00am
Apple music store

Apple music store

Major Japanese music label Avex Inc said on July 15 that it had reached an agreement to supply music to Apple Computer Inc's music download service. Apple will launch its iTune Music Store service here in August.
Published 18 Jul, 2005 12:00am
Motorola's research centres in Taiwan and India

Motorola's research centres in Taiwan and India

Motorola Inc said on July 11 it had opened two research and design centers in India and Taiwan, as part of a move to develop technology in the Asia Pacific market.
Published 18 Jul, 2005 12:00am
Saudi Telecoms first-half profit climbs

Saudi Telecoms first-half profit climbs

Saudi Telecommunications Co (STC) said on July 14 its first-half net profit rose 15 percent to 5.91 billion riyals ($1.58 billion), boosted by growth in its number of services and customers. Second-quarter profit increased 10 percent to 2.9 billion riyals
Published 18 Jul, 2005 12:00am
Saudi Telecoms first-half profit climbs

Saudi Telecoms first-half profit climbs

Saudi Telecommunications Co (STC) said on July 14 its first-half net profit rose 15 percent to 5.91 billion riyals ($1.58 billion), boosted by growth in its number of services and customers. Second-quarter profit increased 10 percent to 2.9 billion riyals
Published 18 Jul, 2005 12:00am
Alcatel says second quarter earnings better

Alcatel says second quarter earnings better

Alcatel said on Tuesday that its preliminary second quarter earnings would be "better than expected". Europe's second largest telecom equipment provider said that second quarter revenue was 3.14 billion euros, an increase of 8 percent over the same period
Published 18 Jul, 2005 12:00am
Alcatel says second quarter earnings better

Alcatel says second quarter earnings better

Alcatel said on Tuesday that its preliminary second quarter earnings would be "better than expected". Europe's second largest telecom equipment provider said that second quarter revenue was 3.14 billion euros, an increase of 8 percent over the same period
Published 18 Jul, 2005 12:00am
Tele2 pays 257 million euros for Spanish Comunitel

Tele2 pays 257 million euros for Spanish Comunitel

Top European alternative telecoms group Tele2 said on July 14 it would pay 257 million euros to buy Spanish operator Comunitel from majority owner Oni Group of Portugal.
Published 18 Jul, 2005 12:00am
EMI expects to improve profits

EMI expects to improve profits

EMI Group Plc, the world's third-largest record company, said on July 14, it is confident it will deliver an improved financial performance this year thanks to digital revenue and planned album releases.
Published 18 Jul, 2005 12:00am
EMI expects to improve profits

EMI expects to improve profits

EMI Group Plc, the world's third-largest record company, said on July 14, it is confident it will deliver an improved financial performance this year thanks to digital revenue and planned album releases.
Published 18 Jul, 2005 12:00am
Saudi Aljazira Bank thrives after shift to Sharia

Saudi Aljazira Bank thrives after shift to Sharia

Saudi Arabia's Aljazira Bank expects growth in consumer loans and corporate banking to bring gains on top of record first-half results, Chief Executive Officer Mishari al-Mishari said on July 13.
Published 18 Jul, 2005 12:00am
Saudi Aljazira Bank thrives after shift to Sharia

Saudi Aljazira Bank thrives after shift to Sharia

Saudi Arabia's Aljazira Bank expects growth in consumer loans and corporate banking to bring gains on top of record first-half results, Chief Executive Officer Mishari al-Mishari said on July 13.
Published 18 Jul, 2005 12:00am
Airbus sees big growth in Africa's fleet demand

Airbus sees big growth in Africa's fleet demand

Ageing fleets and rising tourism are driving demand for aircraft in Africa, planemaker Airbus said on July 13, adding the market would need 640 new planes worth about $60 billion in the next two decades. "Africa is set to experience unprecedented growth i
Published 18 Jul, 2005 12:00am
Airbus sees big growth in Africa's fleet demand

Airbus sees big growth in Africa's fleet demand

Ageing fleets and rising tourism are driving demand for aircraft in Africa, planemaker Airbus said on July 13, adding the market would need 640 new planes worth about $60 billion in the next two decades. "Africa is set to experience unprecedented growth i
Published 18 Jul, 2005 12:00am
New Dubai bourse sees up to 15 IPOs in 18 months

New Dubai bourse sees up to 15 IPOs in 18 months

A new financial exchange planned for Dubai expects around 15 companies to list shares through initial public offerings during its first 18 months of business, the chief executive said on July 13. "Some big investment banks are working on some big IPOs," S
Published 18 Jul, 2005 12:00am
De Beers sketches sober Canada diamonds outlook

De Beers sketches sober Canada diamonds outlook

Canada's discovery of diamonds in 1991 prompted exuberant predictions the country would soon rival top producers Botswana and Russia. But difficult exploration conditions have resulted in only a handful of dazzling discoveries and those early forecasts no
Published 18 Jul, 2005 12:00am
Marks and Spencer sales fall

Marks and Spencer sales fall

Britain's top clothing retailer Marks & Spencer Plc reported on July 15, its seventh consecutive quarter of falling sales, but there were some signs of improvement despite a tough trading environment. Chief Executive Stuart Rose, brought in last year to f
Published 18 Jul, 2005 12:00am
Marks and Spencer sales fall

Marks and Spencer sales fall

Britain's top clothing retailer Marks & Spencer Plc reported on July 15, its seventh consecutive quarter of falling sales, but there were some signs of improvement despite a tough trading environment. Chief Executive Stuart Rose, brought in last year to f
Published 18 Jul, 2005 12:00am
Daimler Chrysler sees big US potential for diesel

Daimler Chrysler sees big US potential for diesel

DaimlerChrysler sees huge potential for diesel-powered cars in the United States, the world's fifth-biggest automaker said on July 15. "There are great, great opportunities," Thomas Weber, the group's head of research and technology and development head f
Published 18 Jul, 2005 12:00am
Marriott quarterly profit rises

Marriott quarterly profit rises

Marriott International Inc, the largest US hotel operator, on July 14, said quarterly profit, excluding one-time charges, rose as an upswing in travel drove rooom rates and occupancy higher The Bethesda, Maryland-based company said second-quarter net inco
Published 18 Jul, 2005 12:00am
Marriott quarterly profit rises

Marriott quarterly profit rises

Marriott International Inc, the largest US hotel operator, on July 14, said quarterly profit, excluding one-time charges, rose as an upswing in travel drove rooom rates and occupancy higher The Bethesda, Maryland-based company said second-quarter net inco
Published 18 Jul, 2005 12:00am
Siemens wins EU okay to buy VA Tech

Siemens wins EU okay to buy VA Tech

Siemens AG won approval from the European Commission on July 13, to acquire Austria's VA Tech on condition that the German engineering giant sell off certain businesses. Both Siemens and VA Tech are active worldwide in power plants, high-voltage transmiss
Published 18 Jul, 2005 12:00am
Thai shares tipped for uncertain performance

Thai shares tipped for uncertain performance

Thai shares were tipped to have an uncertain performance this week, as investors watched what the central bank decides for Thai interest rates, analysts said.
Published 18 Jul, 2005 12:00am
Malaysian shares likely to gain further ground

Malaysian shares likely to gain further ground

Malaysian shares are expected to trade higher next week as the uptrend in prices continues despite some consolidation, analysts said Friday. They said the Kuala Lumpur Composite Index should gain further ground during the week and test the 920 to 922-poin
Published 18 Jul, 2005 12:00am
Taiwan shares to continue firmer trend

Taiwan shares to continue firmer trend

Taiwan share prices are expected to stay firm next week amid stronger foreign investor support especially for the bellwether electronics sector, dealers said Friday. Foreign investors have resumed their buying activities evidenced in this week's major gai
Published 18 Jul, 2005 12:00am
Hong Kong shares to take breather

Hong Kong shares to take breather

Hong Kong shares are likely to take a breather next week following recent sharp gains to 4-year highs on the back of strong interest in property stocks and other blue chips, dealers said Friday. For the week ending July 15, the benchmark Hang Seng Index r
Published 18 Jul, 2005 12:00am
Japanese shares to stay in narrow range

Japanese shares to stay in narrow range

Japanese shares are expected to trade in a narrow range in the coming week after recent gains as the market keeps an eye on US corporate results, dealers said Friday. A number of leading US corporations will release earnings reports next week, with partic
Published 18 Jul, 2005 12:00am
Asian currencies gain ground

Asian currencies gain ground

Asian currencies gained against the US dollar last week after the greenback's recent gains were halted, but the Australian dollar was expected to come under pressure because of weaker gold prices.
Published 18 Jul, 2005 12:00am
Philippines shares seen recovering

Philippines shares seen recovering

Philippines share prices are expected to recover in the coming week as the political situation calms down after street protests failed to get President Gloria Arroyo to step down, analysts said Friday. "The market will be up despite political controversie
Published 18 Jul, 2005 12:00am
Corporate earnings to dominate Indian markets

Corporate earnings to dominate Indian markets

Indian share markets will be cautious next week when a second round of corporate quarterly earnings takes place. There is no clear direction for the main indices at the current levels, dealers said.
Published 18 Jul, 2005 12:00am
Hedge funds eye rich pickings in Germany

Hedge funds eye rich pickings in Germany

Hedge fund managers see a host of investment opportunities opening in Germany, where a deep-rooted reluctance to reform the economy and hostility toward foreign capital are slowly but steadily diminishing.
Published 18 Jul, 2005 12:00am
Hedge funds eye rich pickings in Germany

Hedge funds eye rich pickings in Germany

Hedge fund managers see a host of investment opportunities opening in Germany, where a deep-rooted reluctance to reform the economy and hostility toward foreign capital are slowly but steadily diminishing.
Published 18 Jul, 2005 12:00am
Singapore shares to remain range-bound

Singapore shares to remain range-bound

Singapore shares prices are expected to move in a narrow band next week as the market consolidates the multi-year highs set this week, with interest focused on small caps stocks, dealers said.
Published 18 Jul, 2005 12:00am
Bangladesh bank takes reverse repo at 4.5-5.0 percent

Bangladesh bank takes reverse repo at 4.5-5.0 percent

The Bangladesh central bank said on Sunday it had accepted reverse repos worth 1.32 billion taka ($20.59 million) with maturities varying from one day to six days and interest rates between 4.5 percent and 5.0 percent.
Published 18 Jul, 2005 12:00am
Oversubscribed textile shares support Egyptian market

Oversubscribed textile shares support Egyptian market

Arab Cotton Ginning pulled the Egyptian stock market up on Sunday after the exchange announced that a capital increase was heavily oversubscribed. The exchange said in a statement that applicants would receive 8.12 percent of the shares they sought, imply
Published 18 Jul, 2005 12:00am
Britain's investors to focus on economics

Britain's investors to focus on economics

Britain's stock market will look to economic releases and speeches for guidance next week before the earnings season fully kicks-in, analysts said Friday. The FTSE 100 index of leading London shares closed at 5,230.8 points on Friday, down 1.4 points or 0
Published 18 Jul, 2005 12:00am
Positive profit reports to help push US stocks

Positive profit reports to help push US stocks

Bulls will scan a blitz of profit reports from US companies like IBM next week for reasons to push stocks past recent peaks, while testimony on the economy from Federal Reserve Chairman Alan Greenspan will also merit scrutiny from investors.
Published 18 Jul, 2005 12:00am
Germany to sell South Korea ground-air missiles

Germany to sell South Korea ground-air missiles

Germany plans to sell South Korea surplus ground to air US-made Patriot missiles in a deal worth millions of dollars, the Financial Times Deutschland (FTD) reported in its Monday edition. Defence ministry officials were in the South Korean capital Seoul l
Published 18 Jul, 2005 12:00am