Italian dairy company Parmalat declared a 3.96 billion euro hole in its accounts when the amount held by Cayman Islands-based unit, Bonlat Financing Corporation, was declared false by Bank of America. {Link without Title}
Flights from Vancouver International Airport bound for the U.S. are delayed following the discovery of an envelope containing suspicious white powder and a threatening note at one of the terminals. {Link without Title}
SARS quarantine orders are lifted on up to 75 people in Singapore but concerns remain that the deadly Virus could yet make a comeback across Asia . {Link without Title}
Australia sends AU$ 1.2m to Nauru so that the Pacific island-state can pay its public servants before Christmas in a move that Foreign Minister Alexander Downer says illustrates the need for long-term solutions to the island's deep-seated problems. {Link without Title}