Islamabad, Oct 29 : A British journalist has said that the situation in which Pakistani neuroscientist Dr Aafia Siddiqui was shot at and arrested by American military men could not have even been visualized by a Hollywood scriptwriter.
The journalist also deplored the circumstances in which Dr Aafia was arrested after she allegedly “attacked two armed US soldiers in Kabul”.
Volatility decreases a bit as today is another inside range day but trading higher. Traders note stops and unwinding of cross-spreads supporting the rate. Follow-on selling finds bids at prior low. Bounce off the lows yesterday and today leaves a healthy bid wick suggesting some upside coming soon but volatility is still high. Traders note liquidity is still thin. Rate at new support level but ranges appears wider.
Traders note quality bids on the dip suggesting a bottom is in here somewhere but buyers have been stepping up for 1000 points now; many likely sidelined. Aggressive traders can buy anytime but expect more whippy action. Two-way action likely to continue.
The USD is two-way into the New York close as traders continue to fear global recession and potential intervention from our trading partners. Rumors that the BOJ was ready to sell Yen to stop the recent sharp rally against most major pairs helped the USD score gains against the Yen but the potential correction has likely run its course and sellers of the rate will return near-term once the US FOMC releases the latest interest rate policy tomorrow; traders feel that the recent volatility in the majors has likely run its course near term as volumes begin to show signs of improving.
Oslo - Norwegian telecommunications group Telenor on Wednesday posted an increase in pre-tax profit and sales for third- quarter of 2008 and unveiled plans to expand into India.
Earnings before interest, taxes, depreciation and amortization (EBITDA) were 10 billion kroner (1.44 billion dollars), compared to 9.48 billion kroner in the corresponding business period of 2007.
Sales increased year-on-year from 26.6 billion kroner to 27.6 billion kroner, the group said.
Chief executive Jon Fredrik Baksaas said Telenor had 159 million mobile telephone subscriptions at the end of the quarter.
Baksaas said the business environment was "currently more turbulent, and we foresee a period with lower global growth."
Tokyo - Toshiba Corp on Tuesday reported a net loss of 26.9 billion yen (284.31 million dollars) in the three months through September 30 as flash memory prices continued to fall, compared to a net profit of 25 billion yen a year earlier.
The Japanese electronics company logged an operating profit of 700 million yen during the second quarter of the year through March 31, down from 61.3 billion yen during the same month a year before.
Sales were 1.88 trillion yen, down from 2.03 trillion yen.
Islamabad, Oct 29 : A British journalist has said that the situation in which Pakistani neuroscientist Dr Aafia Siddiqui was shot at and arrested by American military men could not have even been visualized by a Hollywood scriptwriter.
Tokyo - Toshiba Corp on Tuesday reported a net loss of 26.9 billion yen (284.31 million dollars) in the three months through September 30 as flash memory prices continued to fall, compared to a net profit of 25 billion yen a year earlier.
