Nikkei falls over 2 pct to below 17,000

Monday, April 24, 2006, 6:32 [IST]

Tokyo, Apr 24: The Nikkei average fell more than 2 percent to below 17,000 on Monday, as a rise in the yen hurt Toyota Motor Corp. and other exporters.

Electronics conglomerate NEC Corp. sank 4.6 percent to 833 yen following its profit warning late last week, and robot maker Fanuc Ltd. fell almost 2 percent ahead of its annual earnings due after the market closes.

The Nikkei average was down 2.34 percent or 407.11 points at 16,996.85 as of 0035 GMT. The TOPIX index was down 1.96 percent at 1,722.04.

Reuters

Other articles published on April 24, 2006

US nuclear cooperation with India is needed: Expert

Monday, April 24, 2006,7:02 [IST]

Washington, Apr 24 : Saying that the U S civilian nuclear deal with India could be a good starting point to regulate nuclear weapons, well-known South Asia expert Selig Harrison makes out a strong case against the NPT and why India needs the technology for its energy needs.Writing in the Washington Post yesterday he questioned why sould India, with a spotless nonproliferation record, be denied access to the U S civilian nuclear technology for electricity, while China -- which helped Pakistan.....

Scolari favourite to replace Eriksson - reports

Monday, April 24, 2006,7:02 [IST]

LONDON, Apr 24 (Reuters) Portugal's Brazilian coach Luis Felipe Scolari is emerging as favourite to succeed Sven-Goran Eriksson as England manager, British newspapers reported today. Middlesbrough's Steve McClaren had appeared to be the main contender but the Express said Arsenal vice-chairman David Dein had persuaded the Football Association (FA) to offer Scolari the job within the next 48 hours. Dein was described as the man who ''delivered'' Eriksson when the Swede was appointed England coach.....

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Nepal rebels attack town, no word on casualties

Monday, April 24, 2006,7:32 [IST]

KATHMANDU, Apr 24 (Reuters) Hundreds of Maoist rebels stormed a town in eastern Nepal and fought a six-hour gun battle with security forces, a senior government official today said. He said communication links had been cut with the town of Chautara, about 100 km east of the capital Kathmandu, and there was no word yet on casualties. The attack comes as the country's main political parties continue major street protests against King Gyanendra, who.....

Raise ODA for developing countries: India

Monday, April 24, 2006,8:32 [IST]

Washington, Apr 24: India made out a strong case for raising the level of Official Development Assistance (ODA) to help developing countries achieve the Millennium Development Goals (MDGs).India's economic secretary A K Jha, who made this plea at the annual spring meeting of the IMF-World Bank here yesterday, said ''the annual increases ODA will have to accelerate from an average of just under six per cent during 2001-04 to nearly 11 per cent over the next two years and seven.....

High oil, weak dollar push gold up

Monday, April 24, 2006,9:33 [IST]

SYDNEY, Apr 24 (Reuters) Investors lapped up more gold on Monday, boosting bullion prices by more than $1 as oil prices held firm and the U.S. dollar slipped, keeping inflation concerns alive. ''We're seeing a bit more interest in gold compared with Friday,'' a gold dealer in Sydney said. Investors increasingly see gold as a hedge against the depreciation of the dollar, particularly as rising oil prices spell higher inflation. Spot gold cost $633.50/$634.30 a.....