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Archive for the February 3, 2005

    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Dollar ends broadly flat ahead of FOMC decision

    The dollar exited active New York trading on Tuesday largely flat against major currencies, with dealers unwilling to take big bets ahead of the Federal Reserve's interest rates decision on Wednesday. Although dealers said the

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Asian currencies: Indian rupee jumps after S&P rating upgrade

    The Indian rupee jumped half a percent to a four-week high on Wednesday after Standard & Poor's, citing India's improved external finances and growth prospects, raised the country's foreign currency debt rating by a notch.

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  • The Hong Kong dollar was trapped at a four-month low on Wednesday, but discounts on forwards rates widened as some players booked profits after recent sharp moves. The local currency was trading at 7.7998/99 per

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Yushchenko plans Nato visit for Bush summit

    Ukraine's West-leaning President Viktor Yushchenko plans to join President George W. Bush for a Nato summit on February 22 to study broadening Kiev's ties with the alliance, Nato sources and envoys said on Wednesday. They

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on CIA rectifying pre-war estimates on Iraq WMD

    The CIA is publishing a series of classified reports revising its pre-war intelligence assessments of Iraq's weapons of mass destruction, an intelligence official said on Tuesday. A January 18 report, titled "Iraq: No Large-Scale Chemical

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Nepal’s king unveils new cabinet

    Nepal's King Gyanendra on Wednesday swore in a new cabinet dominated by royalists, a day after he fired the government and seized power in a move that sparked international condemnation. India, the biggest regional power,

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on US calls North Korea back to nuclear talks

    The United States on Wednesday said North Korea's nuclear programs and sales of sensitive technology posed "a threat to global peace" and urged Pyongyang to return to the negotiating table. "North Korea's nuclear programs and

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Sunni clerics brand Iraq polls illegitimate

    Influential Sunni clerics on Wednesday branded Iraq's election illegitimate, dampening hopes for reconciliation among the country's sects, as the electoral commission admitted there were flaws in the landmark vote. US Secretary of State Condoleezza Rice

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Taleban attack US forces in Afghanistan

    Militants from the ousted Taleban armed with rockets and machineguns attacked a US-led military outpost in south-eastern Afghanistan Wednesday, a US military official said. There were no casualties on either side during the short battle

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    • News Desk
    • Feb 3rd, 2005
    • Comments Off on Crimes against Darfur civilians continue: UN

    Crimes against civilians in Sudan's troubled region of Darfur are continuing while aid workers are "terrorised" and subject to arbitrary arrest, the United Nations envoy for Sudan said Wednesday. Jan Pronk made the bleak assessment

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