Archive for August 4th, 2008

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US says Security Council must hike Iran sanctions

UNITED NATIONS - The United States said yesterday that Iran has left the UN Security Council no choice but to increase sanctions on the Islamic Republic for ignoring demands that it halt sensitive nuclear activities. The US declaration came a day after an informal deadline lapsed for Iran to respond to an offer from the [...]

China stocks slip in tiny turnover

                SHANGHAI: Chinese stocks slipped in tiny turnover on Monday as the market remained weighed down by concern about slowing economic growth. The Shanghai Composite Index ended the morning down 0.89 percent at 2,776.832…

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Obama makes bid in 7 longtime Republican states

By LIZ SIDOTI Associated Press Writer WASHINGTON (AP) - Alaska is young. Georgia, North Carolina and Virginia have growing populations and many black voters. Montana has seen recent Democratic inroads, and North Dakota has sent only Democrats to Congress since 1986. Indiana borders Barack Obama’s home state. The Democratic presidential candidate is putting money and [...]

Dollar struggles against greenback

THE Australian dollar was weaker at noon, after retesting a three-month low, as less dire than expected US employment data helped the American currency maintain strength. Ironically, the local unit later stayed above $US0.9300 even though domestic data on job ads and house prices pointed to signs of an economic slowdown. At 12noon (AEST),…

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Swimmer Ian Thorpe to sue French newspaper L’Equipe over drug claims

THE ASSOCIATED PRESS SYDNEY, Australia - Five-time Olympic swimming champion Ian Thorpe has decided to pursue legal proceedings against a French newspaper and journalist he alleges defamed him by publishing claims he used performance-enhancing…

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Bush travels to Asia for talks, Olympics

(AP) — U.S. President George W. Bush’s visit to Beijing almost looks like a vacation — right down to a family reunion. But his three-nation Asian trip also takes him to the doorsteps of two troublesome regimes while forcing him to balance the Olympic spirit with the delicacies of diplomacy. It will be mostly business [...]

Dollar dips vs yen as carry trades trimmed

                TOKYO: The dollar dipped against the yen on Monday as falling global stocks and a sharp shift in expectations for Australian interest rates prompted investors to unwind carry trades favouring higher-yielding currencies. But the dollar held near a five-week high against the euro struck last week after data [...]

Bill Clinton in Africa looks at fight against AIDS

By TODD PITMAN Associated Press Writer DAKAR, Senegal (AP) - Former President Clinton said Sunday that keeping HIV-infected children in the developing world well-fed amid the pressures of skyrocketing global food and fuel prices will be crucial to fending off the deadly virus. Speaking on the final day of a four-nation Africa tour that began [...]

Stocks plunge on capping of oil firms? margin

SHARE values last week again finished sharply lower as the KSE 100-share index took another massive plunge at the weekend session followed by reports of margin calls on some of the brokers owing to a galore of fresh lower locks on most of the blue chip counters. The market is the victim of both selling [...]

Centre mulls Oct polls in J&K; Cong, PDP to fight separately

                NEW DELHI: The centre is thinking about holding assembly elections in Jammu and Kashmir, presently under the Governor’s rule, around mid-October. Even as the Election Commission is set to hold a meeting next week to decide the assembly poll schedule for the six election-bound states, the Centre feels [...]