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Jun 01, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-08-05
Cotton market lacks direction

Cotton market lacks direction

In recent weeks, both the domestic as well as the New York cotton futures market have mostly been range-bound with little to inspire them towards a definite direction. In the domestic market, more than usual rains coupled with floods in the river, as well
Published 05 Aug, 2005 12:00am
Roadside bomb kills 5 soldiers in North Waziristan

Roadside bomb kills 5 soldiers in North Waziristan

A roadside bomb killed five Pakistani soldiers and wounded two on Thursday in a restive tribal region bordering Afghanistan where al Qaeda militants are thought to be hiding.
Published 05 Aug, 2005 12:00am
US soyabean rust found

US soyabean rust found

Soyabean rust has been found and will soon be officially in Elmore county, Alabama, the US Agriculture Department (USDA) said on Wednesday. The reddish fungus withers plants and can slash crop production by up to 80 percent, if infected fields are not pro
Published 05 Aug, 2005 12:00am
Roadside bomb kills 5 soldiers in North Waziristan

Roadside bomb kills 5 soldiers in North Waziristan

A roadside bomb killed five Pakistani soldiers and wounded two on Thursday in a restive tribal region bordering Afghanistan where al Qaeda militants are thought to be hiding.
Published 05 Aug, 2005 12:00am
New York coffee futures slump

New York coffee futures slump

Benchmark arabica coffee futures fell 0.8 percent on Wednesday as market players trimmed their long positions following a failed attempt to extend the previous session's gains of more than 4 percent, traders said.
Published 05 Aug, 2005 12:00am
40 mega projects of Rs 95.1 billion approved

40 mega projects of Rs 95.1 billion approved

The Executive Committee of the National Economic Council (Ecnec) on Thursday approved 40 mega projects worth Rs 95.1 billion with the main focus on infrastructure, social sector development and water-related projects. Prime Minister Shaukat Aziz chaired t
Published 05 Aug, 2005 12:00am
New York cocoa futures retreat

New York cocoa futures retreat

Benchmark cocoa futures on the New York Board of Trade eased 0.5 percent on Wednesday, weighed down by light speculative profit-taking after touching a fresh 5-week peak in the session, traders said. NYBOT's front-month September cocoa contract ended at $
Published 05 Aug, 2005 12:00am
40 mega projects of Rs 95.1 billion approved

40 mega projects of Rs 95.1 billion approved

The Executive Committee of the National Economic Council (Ecnec) on Thursday approved 40 mega projects worth Rs 95.1 billion with the main focus on infrastructure, social sector development and water-related projects. Prime Minister Shaukat Aziz chaired t
Published 05 Aug, 2005 12:00am
More 'green' payments needed: US farmers

More 'green' payments needed: US farmers

Farmers and ranchers want to see more "green" payments and better protection against low prices when Congress revamps US farm subsidies, said a group that held eight townhall meetings on crop subsidy reform. The meetings, held around the nation, were the
Published 05 Aug, 2005 12:00am
40 mega projects of Rs 95.1 billion approved

40 mega projects of Rs 95.1 billion approved

The Executive Committee of the National Economic Council (Ecnec) on Thursday approved 40 mega projects worth Rs 95.1 billion with the main focus on infrastructure, social sector development and water-related projects. Prime Minister Shaukat Aziz chaired t
Published 05 Aug, 2005 12:00am
Comex copper ends at peak levels

Comex copper ends at peak levels

New York copper futures ended at record levels on Wednesday with strong technical charts and supportive supply/demand fundamentals drawing fund and speculative buyers in at the end of the session, traders said. "It still looks good. Settles on the highs.
Published 05 Aug, 2005 12:00am
PPL abandons Pasni X-2 exploration

PPL abandons Pasni X-2 exploration

The Pakistan Petroleum Limited-led (PPL) joint venture for Pasni X-2 offshore exploration has turned out to be a bleeding wound for the nation, as after spending $31 million, its end result is zero. The quantum of loss will keep on growing continually unt
Published 05 Aug, 2005 12:00am
Copper near record high in Asia

Copper near record high in Asia

Copper prices held near record highs in Asia on Thursday, supported by dollar weakness that encouraged fund buying, although profit-taking pressure capped the advance.
Published 05 Aug, 2005 12:00am
PPL abandons Pasni X-2 exploration

PPL abandons Pasni X-2 exploration

The Pakistan Petroleum Limited-led (PPL) joint venture for Pasni X-2 offshore exploration has turned out to be a bleeding wound for the nation, as after spending $31 million, its end result is zero. The quantum of loss will keep on growing continually unt
Published 05 Aug, 2005 12:00am
Indian gold climbs

Indian gold climbs

Indian gold futures climbed on Thursday on global market strength and expectations that domestic physical purchases will rise in the coming weeks, but soya contracts fell due to dull oil demand in the local market. Sugar rose after falling for two days as
Published 05 Aug, 2005 12:00am
PPL abandons Pasni X-2 exploration

PPL abandons Pasni X-2 exploration

The Pakistan Petroleum Limited-led (PPL) joint venture for Pasni X-2 offshore exploration has turned out to be a bleeding wound for the nation, as after spending $31 million, its end result is zero. The quantum of loss will keep on growing continually unt
Published 05 Aug, 2005 12:00am
Tokyo gold touches highest level since December 1991

Tokyo gold touches highest level since December 1991

Tokyo gold futures rose on Thursday to briefly hit their highest level since December 1991, tracking a rise in bullion and New York futures prices, but gave up some of their gains by the close. The benchmark June gold contract on the Tokyo Commodity Excha
Published 05 Aug, 2005 12:00am
Gold firm in Asia, takes cue from euro strength

Gold firm in Asia, takes cue from euro strength

Gold held firm in Asia on Thursday as it continued to draw support from the euro's sharp rise to a two-month high against the dollar. Spot gold was at $436.45/$436.95 an ounce. It was last quoted at $436.35/$437.05 in New York on Wednesday, up about 1 per
Published 05 Aug, 2005 12:00am
Malaysia tin halts rally

Malaysia tin halts rally

Malaysian tin snapped a three-day rally on Thursday, falling almost half percent, in line with a drop in the London price of the metal. But dealers remained bullish on the market staying at above $7,000 a tonne in the near-term, saying supply was short an
Published 05 Aug, 2005 12:00am
Oil hovers below $61 after US crude stock build

Oil hovers below $61 after US crude stock build

Oil held steady below $61 on Thursday after sliding from record highs on a surprise build in US crude stockpiles, boosted by hefty imports. Fresh signs that high prices have yet to dampen global economic prospects and US refinery outages that could strain
Published 05 Aug, 2005 12:00am
China sees 2005 cotton shortfall

China sees 2005 cotton shortfall

China expects a cotton shortfall of 3 million tonnes this year, the China Securities Journal said on Thursday. The figures from the China Cotton Association also repeated estimates that output in the 2005/06-crop season would be 5.76 million tonnes, down
Published 05 Aug, 2005 12:00am
Thai rice prices seen firm, policy watch keen

Thai rice prices seen firm, policy watch keen

Thai rice prices are expected to hold firm over the next week as exporters buy to fulfil contracts for the Middle East and Africa, traders said on Thursday. Fresh demand was also likely from Bangladesh, which was seeking 50,000 tonnes of non-Basmati parbo
Published 05 Aug, 2005 12:00am
Sri Lanka tea up

Sri Lanka tea up

Prices of Sri Lankan teas rose at the latest auction this week thanks to the improved quality of some leaf varieties on offer, brokers said on Thursday. Prices of high grown teas like Broken Orange Pekoes (Bops) from high altitude regions like Nuwara Ely,
Published 05 Aug, 2005 12:00am
CBOT rice gains

CBOT rice gains

Rough rice futures at the Chicago Board of Trade closed higher on Wednesday, rebounding from Tuesday's weak close on technical buying, traders said. September rice ended 19-1/2 cents higher at $6.69 per hundredweight and November was up 19 cents at $6.90.
Published 05 Aug, 2005 12:00am
New York sugar higher

New York sugar higher

Raw sugar prices finished on Wednesday at a fresh 4-1/2-year high as heavy buying by investment funds stoked a rally in the sweetener that showed no sign of letting up, analysts said. "We've had tons of fund buying. A lot of people are still fundamentally
Published 05 Aug, 2005 12:00am
Soya futures drift lower

Soya futures drift lower

Soyabean futures at the Chicago Board of Trade closed lower on Wednesday on fund selling and updated forecasts bringing more moisture to the US Midwest, traders said. Selling accelerated late in the session after updated maps showed increased potential fo
Published 05 Aug, 2005 12:00am
Bounce in Japan rubber market raises profile

Bounce in Japan rubber market raises profile

Just a year ago, the boom in Japan's rubber market would have been unthinkable. Rubber was languishing then, and few commodity players would have predicted that its futures on the Tokyo Commodity Exchange would become the second most heavily traded item a
Published 05 Aug, 2005 12:00am
Malaysian palm oil ends off 5-1/2-month lows

Malaysian palm oil ends off 5-1/2-month lows

Malaysian crude palm oil futures bounced off 5-1/2-month lows but remained weak on Thursday, weighed down by losses in main rival US soyaoil. The benchmark palm oil contract on Bursa Malaysia Derivatives, October, ended down 14 ringgit at 1,352 ringgit ($
Published 05 Aug, 2005 12:00am
Apple starts iTunes online music service in Japan

Apple starts iTunes online music service in Japan

Apple Computer Inc launched its iTunes online music store in Japan on Thursday, bringing its leading download service to the world's second-largest music market by album sales.
Published 05 Aug, 2005 12:00am
Gaza pullout economic plans on track, says Wolfensohn

Gaza pullout economic plans on track, says Wolfensohn

An international envoy said on Thursday he had made significant progress towards reaching an Israeli-Palestinian deal on key economic aspects of a Gaza pullout Israel plans to begin on August 17. "My timetable is to resolve many of these issues by the end
Published 05 Aug, 2005 12:00am
Total scraps Russian bid as second quarter profits leap

Total scraps Russian bid as second quarter profits leap

France's Total SA ditched its offer for a stake in Russian gas firm Novatek on Thursday as it reported a 33-percent rise in second-quarter net profit that met analysts' expectations. The result caps a month of strong quarterly earnings by oil majors ridin
Published 05 Aug, 2005 12:00am
Total scraps Russian bid as second quarter profits leap

Total scraps Russian bid as second quarter profits leap

France's Total SA ditched its offer for a stake in Russian gas firm Novatek on Thursday as it reported a 33-percent rise in second-quarter net profit that met analysts' expectations. The result caps a month of strong quarterly earnings by oil majors ridin
Published 05 Aug, 2005 12:00am
Shell names non-executive chairman

Shell names non-executive chairman

Royal Dutch Shell Plc has chosen Jorma Ollila, chairman and chief executive of Finnish cellphone company Nokia, to be its non-executive chairman from June 1, 2006, the oil giant said on Thursday.
Published 05 Aug, 2005 12:00am
Unilever second quarter earnings dip

Unilever second quarter earnings dip

Anglo-Dutch consumer goods giant Unilever Plc/NV reported a 29 percent fall in second-quarter earnings on Thursday as it took another writedown on Slim.Fast, but its shares rallied on signs of a turnaround at the group.
Published 05 Aug, 2005 12:00am
Unilever second quarter earnings dip

Unilever second quarter earnings dip

Anglo-Dutch consumer goods giant Unilever Plc/NV reported a 29 percent fall in second-quarter earnings on Thursday as it took another writedown on Slim.Fast, but its shares rallied on signs of a turnaround at the group.
Published 05 Aug, 2005 12:00am
German orders rise fuels hope of third quarter recovery

German orders rise fuels hope of third quarter recovery

German industrial orders rose strongly for a second month in a row in June, boosted by above-average domestic demand for capital goods and fuelling expectations of a third quarter rebound in growth.
Published 05 Aug, 2005 12:00am
Saudi Arabian investors reassured by reform-minded new king

Saudi Arabian investors reassured by reform-minded new king

Saudi investors are back to their bullish selves, casting aside early jitters over the death of King Fahd and reassured by the economic outlook under their new ruler, King Abdullah, analysts said on Thursday. The index of the Arab world's largest bourse c
Published 05 Aug, 2005 12:00am
China vows to adjust yuan band

China vows to adjust yuan band

China pledged on Thursday to follow up last month's landmark revaluation of the yuan by adjusting the currency's new trading band when the time is right. But the central bank, conceding no ground to critics who say the 2.1 percent revaluation did not go f
Published 05 Aug, 2005 12:00am
Munich Re profit falls

Munich Re profit falls

Munich Re's net profit fell 72 percent in the second quarter due to a hefty tax charge for using reserves to bail out its troubled US arm American Re, the German group said on Thursday.
Published 05 Aug, 2005 12:00am
Munich Re profit falls

Munich Re profit falls

Munich Re's net profit fell 72 percent in the second quarter due to a hefty tax charge for using reserves to bail out its troubled US arm American Re, the German group said on Thursday.
Published 05 Aug, 2005 12:00am
Gillette posts higher quarterly profit

Gillette posts higher quarterly profit

Gillette Co posted 17 percent higher second-quarter profit on Thursday, as new products such as its Venus Vibrance pulsating razor for women boosted sales growth. Profit at the Boston-based maker of razors, Duracell batteries and Braun shavers rose to $49
Published 05 Aug, 2005 12:00am
Gillette posts higher quarterly profit

Gillette posts higher quarterly profit

Gillette Co posted 17 percent higher second-quarter profit on Thursday, as new products such as its Venus Vibrance pulsating razor for women boosted sales growth. Profit at the Boston-based maker of razors, Duracell batteries and Braun shavers rose to $49
Published 05 Aug, 2005 12:00am
South Korea and Singapore sign free trade pact

South Korea and Singapore sign free trade pact

South Korea and Singapore signed a free trade agreement on Thursday, Seoul's foreign ministry said, in a move that will cut tariffs on growing trade between the rival Asian manufacturers of high-end electronics.
Published 05 Aug, 2005 12:00am
ECB keeps rates steady

ECB keeps rates steady

The European Central Bank held interest rates steady as expected on Thursday, after strengthening business surveys backed its view that euro zone economic growth will gather momentum later this year.
Published 05 Aug, 2005 12:00am
ECB keeps rates steady

ECB keeps rates steady

The European Central Bank held interest rates steady as expected on Thursday, after strengthening business surveys backed its view that euro zone economic growth will gather momentum later this year.
Published 05 Aug, 2005 12:00am
ECB keeps rates steady

ECB keeps rates steady

The European Central Bank held interest rates steady as expected on Thursday, after strengthening business surveys backed its view that euro zone economic growth will gather momentum later this year.
Published 05 Aug, 2005 12:00am
Infosys to hire 6,000 in China

Infosys to hire 6,000 in China

Infosys Technologies Ltd, India's second-biggest software service exporter, said on Thursday it planned to invest $65 million over five years in two Chinese technology centres.
Published 05 Aug, 2005 12:00am
Warner Music loss widens

Warner Music loss widens

Warner Music Group Corp on Thursday reported a wider net loss as a result of charges related to its initial public offering, but revenue rose, helped by such acts as Rob Thomas, Green Day and Michael Buble. The company said its loss widened to $179 millio
Published 05 Aug, 2005 12:00am
Warner Music loss widens

Warner Music loss widens

Warner Music Group Corp on Thursday reported a wider net loss as a result of charges related to its initial public offering, but revenue rose, helped by such acts as Rob Thomas, Green Day and Michael Buble. The company said its loss widened to $179 millio
Published 05 Aug, 2005 12:00am
US jobless claims dip

US jobless claims dip

The number of Americans filing initial claims for jobless aid dipped 1,000 last week, due in part to fewer claims from autoworkers and other manufacturers, the government said on Thursday.
Published 05 Aug, 2005 12:00am
BoE cuts interest rates

BoE cuts interest rates

The Bank of England cut interest rates on Thursday by a quarter point to 4.5 percent to shore up weakened household and business spending, but analysts said the central bank would probably wait a while before another move.
Published 05 Aug, 2005 12:00am
BoE cuts interest rates

BoE cuts interest rates

The Bank of England cut interest rates on Thursday by a quarter point to 4.5 percent to shore up weakened household and business spending, but analysts said the central bank would probably wait a while before another move.
Published 05 Aug, 2005 12:00am
BoE cuts interest rates

BoE cuts interest rates

The Bank of England cut interest rates on Thursday by a quarter point to 4.5 percent to shore up weakened household and business spending, but analysts said the central bank would probably wait a while before another move.
Published 05 Aug, 2005 12:00am
Seoul shares decline

Seoul shares decline

Seoul shares fell on Thursday, as concerns about the impact of a firmer won on earnings hit exporters such as LG Electronics, but KEPCO and other stocks sensitive to energy costs rose as oil backed off a record high. Investors also moved to cash in on a r
Published 05 Aug, 2005 12:00am
Jakarta shares dip on profit-taking

Jakarta shares dip on profit-taking

Indonesian share prices closed 0.58 percent lower on profit-taking Thursday amid concerns over lower profits for 2005 following a government hike in industrial fuel prices this week, dealers said. The Jakarta Stock Exchange composite index closed down 6.8
Published 05 Aug, 2005 12:00am
Hong Kong stocks flat amid consolidation, CNOOC falls

Hong Kong stocks flat amid consolidation, CNOOC falls

Hong Kong stocks ended flat on Thursday for the second day in a row after a recent run-up to near four-and-a-half-year highs, with CNOOC lagging the broader market as investors locked in gains following a rally.
Published 05 Aug, 2005 12:00am
US blue chips inch up on lower oil, techs ease

US blue chips inch up on lower oil, techs ease

US blue chip stocks edged up on Wednesday as crude oil prices fell from record levels, but the Nasdaq eased slightly a day after closing at a 4-year high. Oil prices retreated from a record after US data showed crude imports unexpectedly lifted oil invent
Published 05 Aug, 2005 12:00am
Indian shares jump

Indian shares jump

Indian shares closed at an eighth straight record high on Thursday as overseas funds bought invested in benchmark index companies, dealers said. The benchmark Mumbai stock exchange's 30-share Sensex index closed up 40.61 points up or 0.52 percent to 7,797
Published 05 Aug, 2005 12:00am
US Treasuries recover after three days of selling

US Treasuries recover after three days of selling

US Treasury debt rebounded on Wednesday as a recent wave of selling made government bonds cheap enough to attract new buyers. The latest downturn had shoved benchmark yields 0.15 percentage point higher, and bond bulls decided it was time to stem the blee
Published 05 Aug, 2005 12:00am
US Treasuries recover after three days of selling

US Treasuries recover after three days of selling

US Treasury debt rebounded on Wednesday as a recent wave of selling made government bonds cheap enough to attract new buyers. The latest downturn had shoved benchmark yields 0.15 percentage point higher, and bond bulls decided it was time to stem the blee
Published 05 Aug, 2005 12:00am
Malaysian shares sag

Malaysian shares sag

Malaysian share prices closed 0.77 percent lower on Thursday as investors locked in profits following Wednesday's solid gains, dealers said. The Kuala Lumpur Composite Index was down 7.36 points to 945.23 on volume of 627.40 million shares, worth 901.18 m
Published 05 Aug, 2005 12:00am
Singapore shares weaken

Singapore shares weaken

Singapore share prices closed 0.12 percent lower on Thursday as profit-taking hit blue chips including Singapore Telecommunications (SingTel) after its quarterly results and property stocks, dealers said. The Straits Times Index dropped 2.80 points to 2,3
Published 05 Aug, 2005 12:00am
Philippines shares tumble

Philippines shares tumble

Philippines share prices closed 0.51 percent lower on Thursday as the market consolidated recent gains and investors took profits, dealers said. They said support for Philippine Long Distance Telephone after early losses when the company reported record s
Published 05 Aug, 2005 12:00am
Nikkei drops on Toyota, postal worries

Nikkei drops on Toyota, postal worries

The Nikkei share average skidded under 11,900 on Thursday, after investors sold Toyota Motor Corp on weak earnings and other recent gainers, sending the index lower a day after it touched the 12,000 mark for the first time in 15 months.
Published 05 Aug, 2005 12:00am
Thai share prices down

Thai share prices down

Thai share prices closed 0.49 percent lower on Thursday on profit-taking in large-capitalisation stocks, particularly in communication and energy, and in line with regional markets, analysts said. The Stock Exchange of Thailand (SET) composite index lost
Published 05 Aug, 2005 12:00am
Swiss franc stronger versus dollar

Swiss franc stronger versus dollar

The Swiss franc hovered near six-week highs against the dollar on Thursday after the greenback lost ground in the previous session in a move largely driven by chart-technical levels.
Published 05 Aug, 2005 12:00am
Hong Kong dollar little changed ahead of US jobs data

Hong Kong dollar little changed ahead of US jobs data

The Hong Kong dollar and discounts on forward rates moved in narrow ranges on Thursday as the market eyed key US non-farm payrolls data due later this week for fresh trading clues.
Published 05 Aug, 2005 12:00am
Yuan closes just shy of post-reval high

Yuan closes just shy of post-reval high

China's yuan strengthened to within a whisker of its post-revaluation high on Thursday, amid renewed appeals from Japanese and German officials for the currency to appreciate further.
Published 05 Aug, 2005 12:00am
Dollar slides as euro breaks to two-month high

Dollar slides as euro breaks to two-month high

The dollar fell for a third straight day on Wednesday in broad-based selling ignited by the euro's breakout from a four-week trading range to reach its highest level in two months. The dollar also fell to a six-week low against the Swiss franc and a three
Published 05 Aug, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 64.95/65.70 (previous 64.95/65.70). Call Money Rates: 6.5-12.0 percent (previous 5.5-12.0 percent).
Published 05 Aug, 2005 12:00am
Asian currencies off highs as stocks ease, dollar rallies

Asian currencies off highs as stocks ease, dollar rallies

Asian currencies eased after briefly hitting multi-week highs on Thursday, as the US dollar recovered from a two-month low against the euro and regional stock markets retreated from their peaks. The Singapore dollar came off a 2-month high of 1.6465 per U
Published 05 Aug, 2005 12:00am
Widespread environmental damage seen from shuttle

Widespread environmental damage seen from shuttle

Commander Eileen Collins said astronauts on shuttle Discovery had seen widespread environmental destruction on Earth and warned on Thursday that greater care was needed to protect natural resources.
Published 05 Aug, 2005 12:00am
African Union suspends Mauritania

African Union suspends Mauritania

The African Union (AU) on Thursday suspended the membership of Mauritania after a military junta ousted President Maaouiya Ould Taya in a bloodless coup on Wednesday. The AU Peace and Security Council, meeting after an emergency summit of African leaders
Published 05 Aug, 2005 12:00am
Three killed in bus shooting

Three killed in bus shooting

An Israeli in military uniform shot dead three people aboard a bus in the northern Galilee region on Thursday, police said. Police said the gunman had been arrested in the incident in the Israeli Arab town of Shfaram. They said initially that the attacker
Published 05 Aug, 2005 12:00am
Israeli rightists suspend march

Israeli rightists suspend march

Thousands of Israeli rightists suspended a march on Gaza settlements on Thursday after security forces blocked their path to prevent them from disrupting a planned pullout from the occupied territory.
Published 05 Aug, 2005 12:00am
Garang's body flown round for farewell

Garang's body flown round for farewell

Thousands of distraught and disbelieving south Sudanese flocked to see the body of their former leader John Garang on Thursday as it was transported by plane around the vast region for a final farewell.
Published 05 Aug, 2005 12:00am
Nato seeks stronger Afghan 'rules of engagement'

Nato seeks stronger Afghan 'rules of engagement'

International peacekeepers under Nato command in Afghanistan expect more combat operations next year when they expand their mission into the country's troubled south and east.
Published 05 Aug, 2005 12:00am
US will fight al Qaeda threats: Bush

US will fight al Qaeda threats: Bush

President George W. Bush said Thursday that al Qaeda threats to stage new attacks unless US-led foreign troops leave Iraq showed that the "war on terror" was now being fought there.
Published 05 Aug, 2005 12:00am
Zawahri warns Britain and US of more attacks

Zawahri warns Britain and US of more attacks

Al Qaeda's second-in-command Ayman al-Zawahri has warned the United States and Britain of more attacks, saying they would not rest in peace until they pulled their troops from Iraq and other Muslim states.
Published 05 Aug, 2005 12:00am
Police take to streets to reassure Londoners

Police take to streets to reassure Londoners

Four weeks after suicide bombers struck the British capital, thousands of police took to the streets on Thursday to reassure jittery Londoners as al Qaeda warned there would be more attacks.
Published 05 Aug, 2005 12:00am
North Korea hangs tough at marathon nuclear talks

North Korea hangs tough at marathon nuclear talks

North Korea held out against heavy pressure on Thursday as marathon nuclear crisis talks appeared to be running out of steam, with China flagging the possibility that the six parties would wind up without even a joint statement.
Published 05 Aug, 2005 12:00am
Indian lawmaker disrupts parliament

Indian lawmaker disrupts parliament

Indian parliament member Mamata Banerjee on Thursday threatened to resign after hurling a sheaf of documents at the deputy speaker when she was denied permission to speak. Speaker Somnath Chatterjee had assigned the session to his deputy, Charanjit Singh
Published 05 Aug, 2005 12:00am
US to transfer hundreds of Afghan prisoners

US to transfer hundreds of Afghan prisoners

The United States will return about 110 Afghan prisoners from Guantanamo, Cuba, to Afghanistan, where the Kabul government will decide whether to detain or release them, the two countries said on Thursday.
Published 05 Aug, 2005 12:00am
Uzbek court censures US media charity workers

Uzbek court censures US media charity workers

A court in Uzbekistan found two employees of an international media charity guilty on criminal charges on Thursday in what the organisation, Internews Network, said was a politically motivated attempt to close it down.
Published 05 Aug, 2005 12:00am
US to announce new charges in Pentagon probe

US to announce new charges in Pentagon probe

US prosecutors plan to announce additional charges on Thursday against a US Defence Department analyst accused of illegally disclosing classified defence information, and to charge two former officials of a pro-Israel lobbying group, government sources sa
Published 05 Aug, 2005 12:00am
China and US to jointly oppose UNSC expansion

China and US to jointly oppose UNSC expansion

China and the United States have agreed to work together to defeat plans to expand the prestigious UN Security Council at this time, China's UN ambassador said on Thursday.
Published 05 Aug, 2005 12:00am
Corporate bonds give up gains

Corporate bonds give up gains

European corporate bond spreads gave up gains from morning trading, as a lower Wall Street stock market opening weighed on the euro credit market. "We are unchanged on the day. Spreads were better in the morning, but they came off after US equities drifte
Published 05 Aug, 2005 12:00am
Corporate bonds give up gains

Corporate bonds give up gains

European corporate bond spreads gave up gains from morning trading, as a lower Wall Street stock market opening weighed on the euro credit market. "We are unchanged on the day. Spreads were better in the morning, but they came off after US equities drifte
Published 05 Aug, 2005 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US stocks dropped on Thursday after a rebound in oil prices renewed worries about energy costs while July sales figures from major US retailers largely missed Wall Street expectations and raised concerns about a slowdown in consumer spending.
Published 05 Aug, 2005 12:00am
Taiwan stocks touch lower

Taiwan stocks touch lower

Taiwan stocks ended a touch lower on Thursday under heavy profit-taking pressure after setting a 15-month intraday high, though surprisingly strong earnings from AU and Mediatek helped to offset losses. The TAIEX share index finished with a drop of 9.56 p
Published 05 Aug, 2005 12:00am
FTSE breaks winning streak as Amvescap, RBS fall

FTSE breaks winning streak as Amvescap, RBS fall

Britain's top share index snapped a six-day winning streak on Thursday, rattled by a steep loss in fund manager Amvescap as hopes of a bid faded and losses in Royal Bank of Scotland as concern over its investment in China persisted, despite the company's
Published 05 Aug, 2005 12:00am
Chinese shares slip

Chinese shares slip

China's shares slipped 0.46 percent on Thursday, with large-cap stocks such as China United Telecommunications Corp Ltd leading the decline. The benchmark Shanghai composite index closed at 1,102.589 points. It hit an intraday low of 1,099.134 points, jus
Published 05 Aug, 2005 12:00am
Indian rupee weakens

Indian rupee weakens

The rupee slipped on Thursday as the central bank and a large state-run utility bought dollars, traders said. The Reserve Bank of India (RBI), which stayed away from the currency market between April and June, resumed its rupee-selling intervention last m
Published 05 Aug, 2005 12:00am
Sterling off recent peak

Sterling off recent peak

Sterling eased from recent one-month peaks against the dollar on Thursday after a brief flurry higher when the Bank of England cut rates for the first time in two years in line with expectations.
Published 05 Aug, 2005 12:00am
Euro, pound take rate decisions in their stride in London

Euro, pound take rate decisions in their stride in London

The euro and sterling traded slightly softer versus the dollar on Thursday after the European Central Bank held interest rates unchanged while the Bank of England cut borrowing costs for the first time in two years. Both decisions were widely expected and
Published 05 Aug, 2005 12:00am
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