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Liverpool and Chelsea meet in FA Cup semi-final

LONDON, Mar 24 (Reuters) Chelsea and Liverpool will meet for the 10th time in two seasons after being paired in the FA Cup semi-final draw today.

West Ham United will play Middlesbrough or Charlton Athletic in the other semi as the door opens for one of England's smaller clubs to savour the FA Cup final.

Chelsea meet Liverpool at Old Trafford on Apr. 22 and the other semi will take place the following day at Villa Park.

Champions Chelsea, 12 points clear in the Premier League and bidding for a first league and Cup double, have played Liverpool nine times in the last two seasons with Liverpool winning just one, last season's Champions League semi-final second leg.

This season Chelsea won 4-1 at Anfield and 2-0 at home in their two league games while their two Champions League meetings were goalless draws.

European champions Liverpool, out of Europe and fighting it out with Manchester United for second place in the league, are seeking to win the Cup for the seventh time.

If Charlton win their replay against Middlesbrough following Thursday's goalless draw at The Valley they will be in the semis for the first time since they won the Cup in 1947.

They have played London rivals West Ham five times in the Cup, losing every time.

West Ham are seeking to reach the final for the first time since they won it as a second division club in 1980. Their last semi-final appearance was a 4-0 thrashing by Nottingham Forest in 1991.

Middlesbrough's only final appearance came in 1997 when they lost 2-0 to Chelsea.

The final will be at Cardiff's Millennium Stadium on May 13 after the rebuilding of Wembley fell behind schedule.

Reuters SI DB2351

Jet Airways announces extension of term of SPA with Sahara

Mumbai, Mar 24 (UNI) Jet Airways India Ltd has announced that it has reached an understanding with Sahara Airlines Ltd, and its Selling Shareholders to extend the validity of the Share Purchase Agreement (SPA) by 90 days. The enterprise value of the transaction remains unchanged at around USD 500 million, Jet Airways India Ltd informed BSE. The term of the Escrow Arrangement has also been extended by 90 days. The two parties have also agreed that the.....

Use part of forex reserves for development of poor: Prof Summers

Mumbai, Mar 24 (UNI) There is a growing need for monetary authorities of the emerging markets like India to utilise a certain part of the excessive foreign exchange reserves to the basic development of people and improvement of economic infrastructure, Harvard University president Prof Lawrence Summers today said. Delivering the ninth L K Jha memorial lecture on 'Reflection on emerging markets reserve accumulations' here, Prof Summers observed that there is a need to work.....

WSF gets under way in Pak; thrust on non-proliferation in region

Karachi, March 24 (UNI) A six-day World Social Forum (WSF) began in here today to discuss ways to ''rethink and recreate globalisation'' and focus on among others, the nuclear non-proliferation and various problems confronting South Asia. Over 20,000 delegates from some 58 countries including India are attending the forum, which is to discuss a wide range of issues including Pakistan-India peace process. Plenary sessions at the forum will also focus on small arms and light.....
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