In Friday's South Asia papers

19 September 2008 06:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Centre warns Orissa, Karnataka over attack on Christians
Centre on Thursday issued a warning to NDA-controlled governments of Orissa and Karnataka under Article 355 to rein in violence against Christians, in an action which will be praised as appropriate in many quarters but will sharpen the UPA vs NDA fault lines.

N-deal this month, assures key Dem Senator
Amidst uncertainty looming over the India-US civilian nuclear agreement, the ongoing Senate's foreign relation committee has indicated "strong desire" among the top US lawmakers to get the deal approved during the current Congress session ending on 26 September.

Business

Wall Street surges; Dow Jones industrials up 400 pts
Wall Street rallied in a stunning late-session turnaround on Thursday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report that the federal government may create an entity that will take over banks' bad debt.

Oracle Q1 profit rises 28%, beats Wall Street expectations
Oracle says its first-quarter profit improved 28%, beating Wall Street's expectations.

THE ECONOMIC TIMES

Front page

Credit crisis: PE fundings, IPOs may be put on hold
The financial turmoil in the US is not only a big blow to domestic companies as far as business climate and economic growth is concerned.

Does financial bailout show US double standards?
The United States criticised Asian economies for attempting to bail out cash-starved companies during a regional financial crisis a decade ago - yet now throws a lifeline to its own companies ravaged by a credit crisis, a move experts say smacks of double standards.

THE BANGLADESH TODAY

Front page

Bails slowdown anti-corruption drive: Matin
Home Affairs Adviser Major General (Retd.) MA Matin has said the speed of disposal of the anti-graft cases has slowed down as 158 accused in 85 cases have been granted bail by the higher court.

Bail petitions in 3 cases likely to be filed next week
Proceedings of the Mig-29 fighter aircraft purchase graft case against Awami League President Sheikh Hasina pending with the Special Court has been halted for three months.

Business

Dhaka offers Chinese businesses exclusive economic zone
Bangladesh will set up an exclusive economic zone (EEZ) for the Chinese businessmen to woo investment in the country, an adviser said on Thursday.

WB to provide $350m to increase power supply
World Bank will provide $350m for Siddhirganj Peaking Power Project (SPPP) to help address the country' s shortage of power.

DAILY MIRROR

Front page

Transfer of Pakistanis from Lankan jails postponed
The transfer of 17 Pakistani prisoners from Sri Lankan jails to Pakistan has been postponed, the Pakistan High Commission in Colombo has said.

No fuel price reduction soon- CPC
CPC Chairman Asantha De Mel ruled out the possibility of reducing fuel prices in the near future despite the sharp reduction of petroleum prices in the international market, since the CPC had incurred a Rs 52bn loss during the recent oil crisis.

Business

Eyes on JKH, Dialog
Capital Alliance in its recommendation made yesterday stated that it was time to get some exposure to John Keells Holdings (JKH) in the wake of the recent sharp falls witnessed in share prices.

Record prices for Adawatte teas
Adawatte Estate situated in Lunugala has established two all time record prices at the weekly tea auctions held on 16 September by securing attractive prices of Rs960 for a liquoring BOP 1 grade, and Rs 1240 for a liquoring OP grade.

DAWN

Front page

Unilateral actions cannot defeat militants, says Negroponte
Unilateral actions cannot defeat militancy in Fata, said US Deputy Secretary of State John Negroponte who also indicated on Thursday that the United States and Pakistan were working on a more collaborative approach to deal with this problem.

‘Rules of engagement may be reviewed’
Foreign Minister Shah Mehmood Qureshi has said that Pakistan had not been informed about Wednesday’s attack in South Waziristan.

Business

Govt pockets 33% on petrol price: Levies on actual rate
The government is pocketing 33% in the shape of various levies on actual sale price of motor gasoline at Rs 81.6/ltr, and on the high-speed diesel (HSD), it is charging Rs 9.40/ltr as sales tax on actual price of Rs68.14.

Forex reserves drop to $8.91bn
Pakistan’s foreign reserves fell $190m to $8.91bn in the week that ended on 13 Sept, from $9.10bn in the previous week, the State Bank of Pakistan said on Thursday.

BUSINESS RECORDER

Front page

Gates defends US strikes inside Pakistan
US Defence Secretary Robert Gates has defended the right of American forces to strike at militants on the Pakistani side of the Afghan border.

42 projects worth Rs 237.7bn approved by CDWP
The Central Development Working Party (CDWP) on Thursday approved 42 new development projects costing Rs237.7bn and revised 9 schemes costing Rs 25bn.

Business

Pakistan's foreign exchange reserves drop to $8.91bn
The country's foreign exchange reserves fell $190m to $8.91bn in the week that ended on 13 September, from $9.10bn in the previous week.

Pakistan and Argentine to expand cooperation
Pakistan and Argentine have reiterated their desire to further boost and expand bilateral co-operation in various fields particularly in the areas of trade, economy and defence.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
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