Archive of September 2011

South Africa stocks book worst quarter

JOHANNESBURG: South African blue-chip stocks booked their worst quarterly performance since the second quarter of 2010 on Friday, as concerns about the euro zone debt...

US dollar gains against yen

NEW YORK: The dollar extended gains versus the yen, hitting two-week highs on Friday, boosted by broad demand for the greenback from asset managers...

Global stocks slide to close dim quarter

NEW YORK: Global stocks were set to close their worst quarter in nearly three years on a negative note on Friday, weighed by lagging concern...

Govt utilizing all resources to assist rain victims

UMERKOT: The government is utilizing all the available resources to extend assistance to the rain victims. This was stated by a leader of Pakistan Peoples Party...

Japan, Vietnam banks in deal

HANOI: Japan's Mizuho Corporate Bank on Friday said it would buy a 15 percent stake in Vietnam's largest bank by market capitalisation to take advantage...

Spain completes savings bank restructuring

MADRID: Spain said Friday it has completed the restructuring of its regional savings banks, injecting another 7.55 billion euros into a sector which nearly brought...

SSGC declares 25% cash dividend, 5% bonus

KARACHI: Sui Southern Gas Company (SSGC) has earned a net profit of Rs. 4,724 million for financial year 2010-11 as compared to Rs. 4,399 million...

Wheat to be cultivated over 650000 acres in Jhang; DO Agriculture

FAISALABAD: Agriculture Department has set a target to cultivate wheat crop over 650000 acres of land in district Jhang. This was stated by District Officer (DO)...

PS raw material arrives

KARACHI: A ship carrying 55000 tons coal for Pakistan Steel Mills (PSM) from Australia has reached at Port Qasim on Thursday, said spokesman of Pakistan...

School timings changed due to dengue threat

ISLAMABAD: School timings in government schools in the federal capital have been changed due to dengue virus threat while private schools have also been instructed...