In Thursday's South Asia papers

07 August 2008 05:30  [Source: ICIS news]

THE TIMES OF INDIA

Front Page

J&K land row: No breakthrough in sight
Centre's frail attempt to broker peace over the Amarnath land-for-pilgrim issue hit a stone with PDP and National Conference opposing BJP's demand for restoration of land and recall of governor N N Vohra.

There is something about SIMI...
Every time a bomb goes off in some part of the country, the needle of suspicion invariably turns to Students Islamic Movement of India, with the police making tall claims about the Muslim outfit’s terror network and its links with Pakistan’s ISI.

Business

iPhone in shops from August 22
It remains to be seen whether Vodafone and Airtel will offer a return policy for these iPhones. 

US Federal Reserve leaves interest rates unchanged
The US Federal Reserve left interest rates unchanged on Tuesday as it battles with the duelling concerns of inflation and sluggish growth in the US.

THE ECONOMIC TIMES

Front Page

Equities seen rangebound; 4442-4451 on Nifty eyed
Equities are seen rangebound Thursday amid mixed cues from global shores. After a bout of profit booking in late trade Wednesday, analysts feel more downside is likely in the coming days.

i-flex top deck may head for the exit
Nearly three years after Oracle acquired a controlling stake in i-flex Solutions, the top management that played a key role in the growth and evolution of i-flex into a leading software product firm, is likely to leave.

Business

No clear path to reviving world trade talks: US
Differences between the United States and leading developing countries India and China that toppled world trade talks last week are too complex to be quickly resolved, a top US trade official said on Wednesday.

Oil recovers from 3-month low, eyes on supply concerns
Oil rose on Thursday after dipping to three-month lows on fears over slowing US demand, as the market's focus returned to supply concerns in Turkey, Nigeria and Iran. US crude rose 26 cents to $118.84/bbl by 0220 GMT, regaining some traction after losing more than $6 in the last three sessions.

THE BANGLADESH TODAY

No news update

DAILY MIRROR

Front Page

MR visits Olympic village
President Mahinda Rajapaksa visited the Olympic Games Village in Beijing today and met the Sri Lankan Athletes.

Clash at Colombo Uni
A clash occurred between the students and the administration of the University Colombo today. The incident took place inside the campus premises where a large number of students attacked the University Marshals office injuring two marshals and causing damage to the property.

Business

Govt to fill seafarer dearth
The government yesterday said that they will be getting actively engaged in filling the gap of seafarers required globally.

Oil drops below $119
Oil prices fell below $119 in Asian trade Wednesday on continued worries about waning demand amid signs of slowing global economic growth, dealers said.

DAWN

Front Page

Musharraf, loyalists decide to fight it out
A beleaguered President Pervez Musharraf held consultations with his political loyalists and constitutional and legal aides on Wednesday in what appeared to be an effort to prepare himself to fight off the ruling coalition in its move to impeach him.

President to visit China
President Pervez Musharraf, who earlier on Wednesday cancelled a planned visit to China ostensibly because of a move by coalition partners to impeach him, later decided to go ahead with the visit. He is scheduled to leave for Beijing on Thursday.

Business

Prices of ghee, oil decline
The prices of ghee and cooking oil in the local market have fallen after palm olien rates declined in international market. However, the producers of branded ghee and oil have not reduced their rates.

Sharia banking may touch $1000bn in 2 years
Today, the Sharia finance and banking industry is one of the fastest growing markets in the world and is estimated to be worth more than $1000bn in the next 2 years, according to the UK-based Securities & Investment Institute.

BUSINESS RECORDER

Front Page

Coalition meeting ends at PM House
The coalition meeting between Pakistan Muslim League-N, Leader Shabaz Sharif, Pakistan Peoples' Party (PPP) Co-Chairman Asif Ali zardari and Prime Minister Syed Yousuf Raza Gilani ended on late wednesday.

Oil prices move up slightly
Oil prices were slightly higher in Asian trade on Thursday after steep falls in recent sessions on worries about waning energy demand, especially in the United States, dealers said.

Business

Citi-PPAF Microentrepreneurship Awards 2008 launched
Pakistan Poverty Alleviation Fund (PPAF) and the Citigroup Foundation, the philanthropic arm of Citigroup have jointly launched Citi-PPAF Microentrepreneurship Awards 2008. Speaking at a press conference at a local hotel in Karachi on Wednesday.

FPCCI chief urges OGRA to lower POL prices
President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Tanvir A Sheikh has demanded that OGRA revise petroleum prices downwards in the domestic market.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
+44 20 8652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.