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Archive for  August 2004

    • News Desk
    • Aug 31st, 2004
    • Comments Off on Asian currencies put on defensive by weaker yen

    Asian currencies were pulled down as the Japanese yen weakened past 110 per dollar on Monday, with Southeast Asia leading the losses. The Philippine peso has been hobbled by government talk of a fiscal crisis,

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  • The Australian dollar fell to its lowest level since late July on Monday, breaching key psychological support at 70 cents after the second-quarter current account deficit showed only a modest improvement. Political risk also dented

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  • The Hong Kong dollar traded on Monday close to its pegged level of 7.8 to the US dollar but there was insufficient activity to trigger an outflow of funds. Under Hong Kong's pegged currency regime

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  • The yuan ended four notches softer at 8.2769 per US dollar on Monday, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 1,820 points

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Italy scrambles fighter jets in false alert

    Italy scrambled fighter jets early Monday to intercept an Alitalia plane on its approach to Milan's Malpensa airport after an alert sparked by reports that a suspected terrorist was on board the flight. Traffic at

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on EU claims victory over US in Athens Olympics

    The European Union claimed on Monday it was the true champion of the Athens Olympics, taking far more gold medals than the United States, the official winner of the most first places at the Games.

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on South Africa police fire on youth protest, 20 hurt

    South African police fired rubber pellets at township youths who blocked a highway and burnt tyres on Monday in a rare protest over poverty and other grievances. Police fired on around 4,500 youths, mostly aged

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Russia slams Japan inspection of disputed islands

    Russia on Monday denounced plans by Japanese Prime Minister Junichiro Koizumi to view four disputed islands from a boat outside Russia's territorial waters. The islands, north of Japan's main island of Hokkaido, were seized by

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  • Turkey's government wants to make adultery a crime, the justice minister was quoted as saying on Monday - a proposal that has outraged the main opposition and women's groups. Although the legislation would also apply

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    • News Desk
    • Aug 31st, 2004
    • Comments Off on Burundi accuses Congo troops of border shooting

    The Burundian army accused troops from the Democratic Republic of Congo of shooting towards its recently reopened border on Monday, but Congo dismissed the incident as the acts of a mentally ill soldier. The firing

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