Print - 2006-09-04
200 Taliban killed in Afghanistan

200 Taliban killed in Afghanistan

Four Canadian soldiers were killed on Sunday in a major anti-Taliban operation in southern Afghanistan as Nato said the rebel death toll in the first two days of the campaign was around 200.
Published 04 Sep, 2006 12:00am
200 Taliban killed in Afghanistan

200 Taliban killed in Afghanistan

Four Canadian soldiers were killed on Sunday in a major anti-Taliban operation in southern Afghanistan as Nato said the rebel death toll in the first two days of the campaign was around 200.
Published 04 Sep, 2006 12:00am
MQM Balochistan organiser resigns

MQM Balochistan organiser resigns

Killing of Nawab Bugti has exposed the role of Muttahida Qaumi Movement (MQM) which they were playing just to blackmail the federal government for their vested interests. Their negative approach in playing to halt operation in Balochistan was also up to t
Published 04 Sep, 2006 12:00am
No plan to base troops inside Pakistan: Canada

No plan to base troops inside Pakistan: Canada

Canada has no plans to deploy troops to Pakistan's border with Afghanistan, Defence Minister Gordon O'Connor said, denying reports that he had suggested such a deployment.
Published 04 Sep, 2006 12:00am
Gas pipeline blown up: six hurt in grenade blast

Gas pipeline blown up: six hurt in grenade blast

Six people were wounded in a grenade attack, while miscreants bombed a gas pipeline in Balochistan on Sunday as unrest continued over the killing of Baloch leader Nawab Akbar Bugti, police said. Unidentified attackers on a motorbike hurled a grenade at a
Published 04 Sep, 2006 12:00am
Gas pipeline blown up: six hurt in grenade blast

Gas pipeline blown up: six hurt in grenade blast

Six people were wounded in a grenade attack, while miscreants bombed a gas pipeline in Balochistan on Sunday as unrest continued over the killing of Baloch leader Nawab Akbar Bugti, police said. Unidentified attackers on a motorbike hurled a grenade at a
Published 04 Sep, 2006 12:00am
Shaukat calls for socioeconomic development of Ummah

Shaukat calls for socioeconomic development of Ummah

Prime Minister Shaukat Aziz on Sunday underlined the need for sustained reforms and development to deal with challenges facing the Ummah and renewed call for the international community to address the root causes of terrorism and extremism to curb the twi
Published 04 Sep, 2006 12:00am
Shaukat calls for socioeconomic development of Ummah

Shaukat calls for socioeconomic development of Ummah

Prime Minister Shaukat Aziz on Sunday underlined the need for sustained reforms and development to deal with challenges facing the Ummah and renewed call for the international community to address the root causes of terrorism and extremism to curb the twi
Published 04 Sep, 2006 12:00am
BNP announces quitting assemblies

BNP announces quitting assemblies

The Balochistan National Party (BNP) has announced tendering resignations from the Senate, National Assembly and Balochistan Assembly. BNP president Sardar Akhtar Mengal made the announcement while addressing a rally here, on Sunday.
Published 04 Sep, 2006 12:00am
BNP announces quitting assemblies

BNP announces quitting assemblies

The Balochistan National Party (BNP) has announced tendering resignations from the Senate, National Assembly and Balochistan Assembly. BNP president Sardar Akhtar Mengal made the announcement while addressing a rally here, on Sunday.
Published 04 Sep, 2006 12:00am
National Assembly resumes sitting today

National Assembly resumes sitting today

The National Assembly will resume sitting here on Monday in the Parliament House Building, Islamabad. The house will meet after a two-day break. Earlier on Friday the house was adjourned due to lack of quorum as the joint opposition continued their boycot
Published 04 Sep, 2006 12:00am
Maulana Malook Bugti safe: DCO

Maulana Malook Bugti safe: DCO

Dera Bugti District Co-ordination Officer (DCO) Abdul Samad Lasi, while denying reports of killing of Maulana Malook said "No such murderous attack was made on him and he was safe. "Maulana Malook Bugti had led funeral prayers of Nawab Akbar Bugti the oth
Published 04 Sep, 2006 12:00am
The Weather

The Weather

The weather report on Sunday (September 03, 2006) and the forecast for Monday (September 04, 2006).
Published 04 Sep, 2006 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 28 to September 02, 2006).

Published 04 Sep, 2006 12:00am
Schumacher to reveal future plans at Italian GP

Schumacher to reveal future plans at Italian GP

Seven-time world champion Michael Schumacher said Sunday he would make an announcement on his Formula One future at next week's Italian Grand Prix amid speculation he may retire from the sport.
Published 04 Sep, 2006 12:00am
Strauss pledges World Cup improvement

Strauss pledges World Cup improvement

Andrew Strauss insisted England would be a "lot better" by the time of next year's World Cup after they slumped to the eighth limited overs defeat of his captaincy. Strauss, on his Lord's home ground, was powerless to prevent Pakistan's comfortable seven-
Published 04 Sep, 2006 12:00am
Rallying: Loeb edges Gronholm in Japan to claim record

Rallying: Loeb edges Gronholm in Japan to claim record

Double world champion Sebastien Loeb clinched a record 27th career victory on Sunday when he won the Rally of Japan for the first time to tighten his stranglehold on this year's championship.
Published 04 Sep, 2006 12:00am
Powell, Wariner and Richards blitz Golden League

Powell, Wariner and Richards blitz Golden League

Jamaican sprinter Asafa Powell and American 400m runners Jeremy Wariner and Sanya Richards blitzed their rivals Sunday to share the Golden League jackpot for a perfect six wins in the six-meet series.
Published 04 Sep, 2006 12:00am
Best is yet to come: Shoaib

Best is yet to come: Shoaib

Shoaib Akhtar believes he has still to find his best form in the run-up to next year's World Cup after starring once more against England. 'The Rawalpindi Express' continued his impressive comeback to international cricket after six months out with an ank
Published 04 Sep, 2006 12:00am
Retiring Navratilova has sweet spot for tennis

Retiring Navratilova has sweet spot for tennis

When Martina Navratilova came out of successful knee surgery in 1990, the doctor that performed the operation gave her three years of competitive tennis before he said she would have to retire. But Navratilova had other plans, and now 16 years later with
Published 04 Sep, 2006 12:00am
Karakoram cycle race: Kunny team clinches first position

Karakoram cycle race: Kunny team clinches first position

The "Kunny Team" clinched 1st position during the second stage of "The Tour of the Karakoram International Cycle Race" held on Saturday. The winning team covered 60km of distance from Naran to Babusar Pass consuming a collective time of 12 hours, 52 minut
Published 04 Sep, 2006 12:00am
Kumble fails to make it into Champions Trophy squad

Kumble fails to make it into Champions Trophy squad

Veteran leg-spinner Anil Kumble has not been picked in the Indian squad for next month's Champions Trophy because of doubts over his fitness, it was announced here on Sunday.
Published 04 Sep, 2006 12:00am
Agassi back for third round at US Open

Agassi back for third round at US Open

Andre Agassi was back in action in the third round of the US Open early Sunday. The 36-year-old American, who is playing in his last tournament before retiring, had been the focus of attention during a rain-hit first week as he battled chronic back pain t
Published 04 Sep, 2006 12:00am
BAE set to agree on Airbus stake sale

BAE set to agree on Airbus stake sale

Britain's BAE Systems is set to agree this week to sell its stake in plane maker Airbus to Franco-German-Spanish aerospace group EADS for 1.9 billion pounds ($3.6 billion), the Observer reported on Sunday.
Published 04 Sep, 2006 12:00am
Clariden Leu says acquisitions possible

Clariden Leu says acquisitions possible

Swiss private bank Clariden Leu, part of the Credit Suisse GROUP, is open to making an acquisition at home or abroad, Chief Executive Officer Bernard Stalder was quoted as saying on Sunday.
Published 04 Sep, 2006 12:00am
Thailand's small banks look to foreign tie-ups to survive

Thailand's small banks look to foreign tie-ups to survive

Small Thai banks are turning to foreign partners to survive intense competition from their larger, domestic rivals, analysts said. Small banks, which survived the 1997 Asian financial crisis, were eyeing foreign partnerships in attempts to shore up their
Published 04 Sep, 2006 12:00am
US economy brightens, but skeptics remain

US economy brightens, but skeptics remain

Americans mark Monday's Labour Day holiday with an economy growing, albeit more slowly than in the recent past. Yet some say the tepid pace of expansion means average workers are getting few of the benefits of economic growth.
Published 04 Sep, 2006 12:00am
South Korea current account may miss 2006 target

South Korea current account may miss 2006 target

South Korea expects to avert its first current account deficit in nine years this year, but the surplus may be below the government's target of at least $3 billion, a deputy finance minister said on Sunday.
Published 04 Sep, 2006 12:00am
ICICI Bank to mull take-over of United Western

ICICI Bank to mull take-over of United Western

ICICI Bank India's second largest lender, said its board will meet on Monday to consider taking over the struggling United Western Bank. The central bank on Saturday placed United Western Bank under moratorium till December 1 to protect its depositors and
Published 04 Sep, 2006 12:00am
Eurozone data to show gain in wholesale prices

Eurozone data to show gain in wholesale prices

Eurozone indicators to be released in the coming week are expected to show an increase in July wholesale prices and a slide in retail sales, as well as stronger industrial output in the bloc's largest economy, Germany, economists said.
Published 04 Sep, 2006 12:00am
'Egypt seeks special ties with trade giant China'

'Egypt seeks special ties with trade giant China'

Egypt is striving to become an integral part of China's trade strategy and seal a "special relationship" with the Asian giant that could surpass its partnership with the United States within five years, Trade Minister Mohammed Rashid told AFP.
Published 04 Sep, 2006 12:00am
Australia mulls public float of health insurer

Australia mulls public float of health insurer

The Australian government on Sunday raised the prospect of a two-billion-dollar (1.5 billion US) public float of its Medibank Private health fund. Treasurer Peter Costello backed a move to offer the fund on the stock exchange, saying in a television inter
Published 04 Sep, 2006 12:00am
IMF reforms force Europe to rethink its role, say experts

IMF reforms force Europe to rethink its role, say experts

Pressure is building on European countries to seriously consider forming a single voice within the IMF after the financial institution decided to give more say to emerging economic powers, experts said.
Published 04 Sep, 2006 12:00am
Cancer cell 'executioner' found

Cancer cell 'executioner' found

Scientists have developed a way of "executing" cancer cells. Healthy cells have a built-in process, which means they commit suicide if something is wrong, a process, which fails in cancer cells. The University of Illinois team created a synthetic molecule
Published 04 Sep, 2006 12:00am
HEALTH UPDATE: foods could make arthritis worse

HEALTH UPDATE: foods could make arthritis worse

The production of antibodies to certain foods is "strikingly increased" in the gut of many patients with rheumatoid arthritis, Norwegian researchers report. It may be that hypersensitivity to certain foods leads to a flare-up in the joints.
Published 04 Sep, 2006 12:00am
HEALTH UPDATE: anger can damage lung function

HEALTH UPDATE: anger can damage lung function

A US research team found those with high levels of hostility had poorer lung function than their happier peers. The scientists also found that the angriest men suffered a more rapid decline in lung capacity.
Published 04 Sep, 2006 12:00am
Wipro aims for growth in South Korea

Wipro aims for growth in South Korea

Wipro Ltd is tapping South Korea's technology and automobile firms to expand its R&D outsourcing business in Asia, but has no acquisition plan yet in the country, an executive of the software firm said on August 31.
Published 04 Sep, 2006 12:00am
Wipro aims for growth in South Korea

Wipro aims for growth in South Korea

Wipro Ltd is tapping South Korea's technology and automobile firms to expand its R&D outsourcing business in Asia, but has no acquisition plan yet in the country, an executive of the software firm said on August 31.
Published 04 Sep, 2006 12:00am
Chunghwa Telecom sees flat sales

Chunghwa Telecom sees flat sales

Taiwan's top telecommunications firm, Chunghwa Telecom Co Ltd said on August 31 that it expects 2006 revenues to edge up from last year amid intense competition in the island's saturated telecoms market.
Published 04 Sep, 2006 12:00am
Chunghwa Telecom sees flat sales

Chunghwa Telecom sees flat sales

Taiwan's top telecommunications firm, Chunghwa Telecom Co Ltd said on August 31 that it expects 2006 revenues to edge up from last year amid intense competition in the island's saturated telecoms market.
Published 04 Sep, 2006 12:00am
Japan July chip equipment orders

Japan July chip equipment orders

Orders for Japanese chip-making gear in July grew year-on-year for the 11th straight month, an industry group said on August 28, as chip makers continue investing to keep up with demand.
Published 04 Sep, 2006 12:00am
Nokia to buy German navigation software firm gate5

Nokia to buy German navigation software firm gate5

The world's top handset maker Nokia said on August 31 it had agreed to buy mapping software firm gate5 AG for an undisclosed sum to tap into the fast-growing mobile navigation market. Nokia said after the deal it will offer consumers maps, routing, naviga
Published 04 Sep, 2006 12:00am
Taking advantage of specialised search

Taking advantage of specialised search

If the Internet is a treasure chest of information, search tools are the skeleton key you need to open the lid. And the number of search tools you have at your disposal will have a direct bearing on exactly how much information you can unearth.
Published 04 Sep, 2006 12:00am
China decides on digital standard for terrestrial TV

China decides on digital standard for terrestrial TV

China has decided on a digital standard for broadcast television, a state-run newspaper said on August 31, amid a global shift from analogue to the data-rich and potentially lucrative standard.
Published 04 Sep, 2006 12:00am
Another former Dell executive joins China's Lenovo

Another former Dell executive joins China's Lenovo

Lenovo Group Ltd , the world's third-largest computer maker, said on August 31 that it has hired another former executive from bigger rival Dell Inc, the latest such departure from the troubled US firm.
Published 04 Sep, 2006 12:00am
Samsung sees higher global handset sales

Samsung sees higher global handset sales

Samsung Electronics Co Ltd said on August 31 it sees global mobile phone sales growing faster than expected this year while its own handset sales would meet its target.
Published 04 Sep, 2006 12:00am
Samsung sees higher global handset sales

Samsung sees higher global handset sales

Samsung Electronics Co Ltd said on August 31 it sees global mobile phone sales growing faster than expected this year while its own handset sales would meet its target.
Published 04 Sep, 2006 12:00am
Dell picks Poland for new plant

Dell picks Poland for new plant

Dell Inc, the world's largest personal computer maker, will invest 120 million euros ($153.3 million) in a new plant in Poland's second-largest city Lodz, daily Gazeta Wyborcza reported on Monday. Citing unnamed sources, Wyborcza said the company had pick
Published 04 Sep, 2006 12:00am
Hedge fund building stake in TeliaSonera

Hedge fund building stake in TeliaSonera

Hedge fund Cevian and a number of partners have built a stake of several percent of the capital and votes in Nordic telecom operator TeliaSonera, daily Dagens Industri reported on August 31, citing unnamed sources.
Published 04 Sep, 2006 12:00am
Hedge fund building stake in TeliaSonera

Hedge fund building stake in TeliaSonera

Hedge fund Cevian and a number of partners have built a stake of several percent of the capital and votes in Nordic telecom operator TeliaSonera, daily Dagens Industri reported on August 31, citing unnamed sources.
Published 04 Sep, 2006 12:00am
Dell says recall won't impact its brand in Japan

Dell says recall won't impact its brand in Japan

Dell Inc's battery recall will not impact its brand in Japan, Jim Merritt, president of the local unit of the world's largest PC maker, said on August 29. "We're very bullish on how we've handled the recalls," Merritt told reporters. "I'm encouraged by th
Published 04 Sep, 2006 12:00am
In Short: Ciena quarterly loss narrows as sales rise

In Short: Ciena quarterly loss narrows as sales rise

Telecommunications equipment maker Ciena Corp on August 31 reported that a narrower quarterly loss, as phone companies upgraded their networks to handle growing Internet and video traffic. Ciena also said its board approved a one-for-seven reverse share s
Published 04 Sep, 2006 12:00am
In Short: Ciena quarterly loss narrows as sales rise

In Short: Ciena quarterly loss narrows as sales rise

Telecommunications equipment maker Ciena Corp on August 31 reported that a narrower quarterly loss, as phone companies upgraded their networks to handle growing Internet and video traffic. Ciena also said its board approved a one-for-seven reverse share s
Published 04 Sep, 2006 12:00am
Google chief executive joins Apple's board of directors

Google chief executive joins Apple's board of directors

Google Inc CEO Eric Schmidt is joining Apple Computer Inc's board of directors, the computer maker said on August 29, creating a close tie between two of Silicon Valley's most iconic companies.
Published 04 Sep, 2006 12:00am
Prudential settles fund probe, to pay $600 million

Prudential settles fund probe, to pay $600 million

The brokerage unit of Prudential Financial Inc has agreed to pay $600 million to settle investigations of improper mutual fund trading, avoiding criminal prosecution.
Published 04 Sep, 2006 12:00am
Prudential settles fund probe, to pay $600 million

Prudential settles fund probe, to pay $600 million

The brokerage unit of Prudential Financial Inc has agreed to pay $600 million to settle investigations of improper mutual fund trading, avoiding criminal prosecution.
Published 04 Sep, 2006 12:00am
Wanted Fund managers for booming India plans

Wanted Fund managers for booming India plans

Mutual funds in India are facing a severe shortage of skillful stock pickers, posing a challenge in managing millions of dollars in individual savings and for new entrants such as J.P. Morgan and AIG.
Published 04 Sep, 2006 12:00am
Wanted Fund managers for booming India plans

Wanted Fund managers for booming India plans

Mutual funds in India are facing a severe shortage of skillful stock pickers, posing a challenge in managing millions of dollars in individual savings and for new entrants such as J.P. Morgan and AIG.
Published 04 Sep, 2006 12:00am
Suits, probes seen hurdle to US accounting changes

Suits, probes seen hurdle to US accounting changes

Litigation and government investigations may pose the biggest obstacles to moving US accounting standards toward more principle-based accounting, said Ed Nusbaum, chief executive of accounting firm Grant Thornton.
Published 04 Sep, 2006 12:00am
South Korean life insurers need fresh capital

South Korean life insurers need fresh capital

South Korean life insurance firms could begin making long-awaited initial public offerings as early as next year but are likely to need fresh capital to expand regardless of their plans to go public, a senior official at the country's financial watchdog s
Published 04 Sep, 2006 12:00am
Britain's BT sees rise in revenue from India

Britain's BT sees rise in revenue from India

British telecoms giant BT Group Plc aims to increase its revenue from India to $250 million in the next three years from less than $100 million now and boost its offshoring jobs in the country by 50 percent, a top company official told Reuters.
Published 04 Sep, 2006 12:00am
Britain's BT sees rise in revenue from India

Britain's BT sees rise in revenue from India

British telecoms giant BT Group Plc aims to increase its revenue from India to $250 million in the next three years from less than $100 million now and boost its offshoring jobs in the country by 50 percent, a top company official told Reuters.
Published 04 Sep, 2006 12:00am
Alcatel to buy Nortel UMTS unit for $320 million

Alcatel to buy Nortel UMTS unit for $320 million

Alcatel has signed a preliminary agreement to buy Nortel's third-generation cell phone network unit for $320 million, aiming to achieve greater scale amid cut-throat price competition. The deal, unveiled on September 01, will help the French communication
Published 04 Sep, 2006 12:00am
Air France-KLM doubles profits

Air France-KLM doubles profits

Europe's biggest airline Air France-KLM said on August 31 that it had doubled its net profit in the first quarter of its financial year but poured cold water on rumours that it was preparing to rescue struggling Italian rival Alitalia.
Published 04 Sep, 2006 12:00am
Air France-KLM doubles profits

Air France-KLM doubles profits

Europe's biggest airline Air France-KLM said on August 31 that it had doubled its net profit in the first quarter of its financial year but poured cold water on rumours that it was preparing to rescue struggling Italian rival Alitalia.
Published 04 Sep, 2006 12:00am
Banking giant to scrap credit card cheques

Banking giant to scrap credit card cheques

A UK banking giant is set to scrap expensive credit card cheques, leading to calls for other lenders to follow suit. The Royal Bank of Scotland (RBS), Europe's second largest bank and the world's fifth biggest, will withdraw credit card cheques at the end
Published 04 Sep, 2006 12:00am
Ford slaps 'for sale' sticker on Aston Martin

Ford slaps 'for sale' sticker on Aston Martin

Troubled US auto giant Ford Motor Co said on August 31, it was looking to sell Aston Martin, the prestigious British sports carmaker immortalised by fictional superspy James Bond.
Published 04 Sep, 2006 12:00am
Ford slaps 'for sale' sticker on Aston Martin

Ford slaps 'for sale' sticker on Aston Martin

Troubled US auto giant Ford Motor Co said on August 31, it was looking to sell Aston Martin, the prestigious British sports carmaker immortalised by fictional superspy James Bond.
Published 04 Sep, 2006 12:00am
Bangladesh interbank rates

Bangladesh interbank rates

Bangladesh Interbank buy/sell rates for the taka against the dollar on Sunday. 69.49/69.71 (previous 69.49/69.71).
Published 04 Sep, 2006 12:00am
Egypt shares flat on profit-taking

Egypt shares flat on profit-taking

Egyptian shares were steady on Sunday as profit-taking kept indices flat, and investment bank EFG-Hermes fell after it agreed to sell a 25 percent stake through a capital increase, traders said.
Published 04 Sep, 2006 12:00am
Singapore shares likely to trade in narrow range

Singapore shares likely to trade in narrow range

Singapore share prices are forecast to trade in a narrow range next week as investors wait for clear signals on the US central bank's next move on interest rates, dealers said. Until then, investors are taking a "wait-and-see" approach, they said.
Published 04 Sep, 2006 12:00am
Philippines shares may continue upturn

Philippines shares may continue upturn

Philippines share prices are expected to continue their upturn next week amid growing optimism about the country's economic prospects for the year, dealers said on Friday.
Published 04 Sep, 2006 12:00am
UK shares will look to interest rate decision from BoE

UK shares will look to interest rate decision from BoE

London's stock market will look to an interest rate decision from the Bank of England next week to help extend gains for British share prices, dealers said. On Friday, London's FTSE 100 index of leading shares ended at 5,949.10 points - up 1.20 percent or
Published 04 Sep, 2006 12:00am
JGB futures lower, retreat from six-month high

JGB futures lower, retreat from six-month high

Japanese government bond futures ended slightly lower on Friday after retreating from a six-month high as investors locked in profits following a fierce rally over the past week.
Published 04 Sep, 2006 12:00am