BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-01-10
Dec CPI seen up 16.0 percent
Top News

Dec CPI seen up 16.0 percent

KARACHI: Pakistan's consumer price index probably rose 16 percent year-on-year in December due to rising food prices, al
Published 10 Jan, 2011 01:36pm
Weekly inflation goes up by 0.51 percent
Top News

Weekly inflation goes up by 0.51 percent

ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on January 6, for the lowest income group up to Rs.3,
Published 10 Jan, 2011 12:14pm
77 dead in Iran Air plane crash
Top News

77 dead in Iran Air plane crash

TEHRAN, Rescuers were on Monday searching for at least one person missing after an Iran Air passenger jet crashed in bad
Published 10 Jan, 2011 07:56am
Petrol politics, bad economics
BR Research

Petrol politics, bad economics

MQMs rejoining the government on the PMs visit was quite similar to the actions of a typical Pakistani cricketer, who quits captaincy, retir
Published 10 Jan, 2011 12:00am
Intel unveils chip to thwart film piracy

Intel unveils chip to thwart film piracy

US chip giant Intel introduced on January 5 a speedy new generation of chips that thwart film piracy and enable quick handling of data-rich video and games. The second-generation Intel Core processors, referred to as "Sandy Bridge," have been built into c
Published 10 Jan, 2011 12:00am
Parrot makes 'smart' car radio for Internet Age

Parrot makes 'smart' car radio for Internet Age

French mobile technology firm Parrot on January 5 showed off a "smart" car radio that can find cheap fuel, free parking, and speed traps while taking music requests and placing phone calls. The Asteroid in-dash receiver will be available in Europe by the
Published 10 Jan, 2011 12:00am
Microsoft Windows adapting to mobile world

Microsoft Windows adapting to mobile world

Microsoft said on January 5 that the next version of Windows operating software is being crafted with smartphones and other mobile gadgets in mind. For the first time ever, Windows software is being tailored for the kinds of ARM chips that power smartphon
Published 10 Jan, 2011 12:00am
Fuel cells - the way forward for charging mobile devices?

Fuel cells - the way forward for charging mobile devices?

Portable communication devices are extremely popular but mobile technology has its limits as batteries are quickly exhausted. Scientists have spent years trying to develop alternatives to lithium ion batteries with much hope being placed on fuel cells.
Published 10 Jan, 2011 12:00am
US approves new trial of embryonic stem cells on blindness

US approves new trial of embryonic stem cells on blindness

US biotech company Advanced Cell Technology said on January 03 that it was cleared by the government to start its second trial using human embryonic stem cells to treat blindness, this time in older people.
Published 10 Jan, 2011 12:00am
Bacteria gobble methane from BP spill

Bacteria gobble methane from BP spill

Bacteria ate nearly all the potentially climate-warming methane that spewed from BP's broken wellhead in the Gulf of Mexico last year, scientists reported on January 06.
Published 10 Jan, 2011 12:00am
Genes predict hair colour

Genes predict hair colour

Samples of DNA can give a high-probability estimate of someone's hair colour, a finding that will be a boon for forensic scientists, according to a new study published on January 04.
Published 10 Jan, 2011 12:00am
China may need 300 years to win desertification fight

China may need 300 years to win desertification fight

Huge population pressures, scarce rainfall and climate change have made China the world's biggest victim of desertification, a problem that could take 300 years to reverse, state media said on January 05.
Published 10 Jan, 2011 12:00am
Japan deep-sea robots to seek minerals

Japan deep-sea robots to seek minerals

Resource-poor Japan plans to use deep-sea mining robots to exploit rare earths and precious metals on the ocean floors around the island nation within a decade, a media report said on January 07.
Published 10 Jan, 2011 12:00am
Tuberculosis patients face higher lung cancer risk

Tuberculosis patients face higher lung cancer risk

Tuberculosis patients are 11 times more likely than the average to develop lung cancer, according to a new study published by a group of Taiwanese scientists. The researchers followed more than 700,000 randomly selected individuals over a period of six ye
Published 10 Jan, 2011 12:00am
Fishy diet comes with lower risk of stroke

Fishy diet comes with lower risk of stroke

Women who eat more than three servings of fish per week are less likely to experience a stroke, a new study suggests. Specifically, fish-lovers in Sweden were 16 percent less likely to experience a stroke over a 10-year-period, relative to women who ate f
Published 10 Jan, 2011 12:00am
Scientists find 'drastic' weather-related Atlantic shifts

Scientists find 'drastic' weather-related Atlantic shifts

Scientists have found evidence of a "drastic" shift since the 1970s in north Atlantic Ocean currents that usually influence weather in the northern hemisphere, Swiss researchers said on January 04.
Published 10 Jan, 2011 12:00am
Five of a family die as roof collapses

Five of a family die as roof collapses

Five persons of a family, including three children, were killed when roof of their house collapsed in Lalchandadabad Colony here in early hours of Sunday. According to police, Misri alias Imran Chachar (30), his wife Shazia Chachar (27), three kids Jaweri
Published 10 Jan, 2011 12:00am
Fog-related accidents: NH&MP adopts preventive measures

Fog-related accidents: NH&MP adopts preventive measures

With the advent of continue extreme foggy season, the National Highways & Motorway Police (NH&MP) have started adopting extra-ordinary preventive measures to avoid fog-related incidents & accidents. In the past, fog has been a foremost cause of grave acci
Published 10 Jan, 2011 12:00am
Emirates promotes Dubai Shopping Festival

Emirates promotes Dubai Shopping Festival

In celebration of the 15th annual Dubai Shopping Festival (DSF), which is to kick off from 20th January, 2011, Emirates Airline has introduced discounted hotel packages for tourists travelling to Dubai for the festival. Emirates has teamed up with beach a
Published 10 Jan, 2011 12:00am
UAF capacity building workshop on January 22

UAF capacity building workshop on January 22

Career Development Center (CDC) of the University of Agriculture Faisalabad (UAF) will organise a capacity building workshop here on January 22.A spokesman of the UAF told APP here on Sunday that CDC has chalked out a comprehensive programme for capacity
Published 10 Jan, 2011 12:00am
Seven tour operators' licences suspended

Seven tour operators' licences suspended

The Tourist Services Department of Federal Ministry of Tourism has suspended 7 licences of travel agents and tour operators. Violation of rules and regulations, non-payment of annual renewal fee and non-submission of bank guarantees are among the reasons
Published 10 Jan, 2011 12:00am
Variation in POL prices affects commodities business negatively

Variation in POL prices affects commodities business negatively

Decision, later taken back, to raise POL prices had negative impact on imported grains. The world commodity trend was generally favourable. The opening session in the wholesale commodity markets encountered with government's repressive decision to raise P
Published 10 Jan, 2011 12:00am
Bangladesh school suspends students for trimming beards

Bangladesh school suspends students for trimming beards

The headmaster of an Islamic school in Bangladesh said Sunday that he had banned 15 teenage students from attending lessons after they trimmed their beards. Mohammad Mudesser Hussain said the pupils were told to grow beards two inches (five centimetres) l
Published 10 Jan, 2011 12:00am
Indian police say at least 12 Maoist rebels killed

Indian police say at least 12 Maoist rebels killed

At least 12 Maoist rebels were killed in two separate clashes with police in eastern India on Sunday, police said. Nine rebels were killed in a fierce gunbattle in a densely forested area of Orissa state, said Somendra Priyadarshi, deputy inspector genera
Published 10 Jan, 2011 12:00am
Car tech dazzles at Consumer Electronics Show

Car tech dazzles at Consumer Electronics Show

Automakers are taking a drive into the future at the Consumer Electronics Show. The annual event is traditionally a showplace for mobile phones, computers and television sets but car makers are grabbing a lot of attention this year with the latest in auto
Published 10 Jan, 2011 12:00am
Robotic ball a hit at electronics show

Robotic ball a hit at electronics show

A glowing robotic ball that is controlled by a smartphone has won fans and the interest of game developers at the Consumer Electronics Show (CES). Sphero, as the ball is called, rolls around the floor on command, its movements controlled by an Apple iPhon
Published 10 Jan, 2011 12:00am
Canadian study sees global warming for centuries

Canadian study sees global warming for centuries

Carbon dioxide already emitted into the atmosphere will keep contributing to global warming for centuries, eventually causing a huge Antarctic ice sheet to collapse and lift sea levels, Canadian scientists said on Sunday.
Published 10 Jan, 2011 12:00am
Strong quake hits off Vanuatu

Strong quake hits off Vanuatu

A strong 6.4 magnitude earthquake hit near the South Pacific island nation of Vanuatu on Monday but no tsunami warning was issued, the US Geological Survey said. There were no immediate reports of damage from the quake, which hit at 4:21 am (1721 GMT Sund
Published 10 Jan, 2011 12:00am
Sri Lanka floods kill seven, leave 750,000 homeless

Sri Lanka floods kill seven, leave 750,000 homeless

At least seven people, including two children, were killed in mudslides in Sri Lanka where more than 750,000 people have been driven out of their homes by floods, officials said Sunday. A six-year-old boy and a nine-year-old girl were killed in separate i
Published 10 Jan, 2011 12:00am
Young French hostages executed in Niger desert

Young French hostages executed in Niger desert

Suspected al Qaeda-linked militants in Niger who kidnapped two young Frenchmen apparently executed the hostages during an attempted rescue mission by Niger and French troops, officials said Sunday. A French husband-to-be and his childhood friend, both 25,
Published 10 Jan, 2011 12:00am
Sarkozy brands Niger kidnappers 'terrorists'

Sarkozy brands Niger kidnappers 'terrorists'

French President Nicolas Sarkozy on Sunday branded as "terrorists" the suspected al Qaeda-linked kidnappers believed to have killed two young Frenchmen in Niger. "The whole nation condemns this barbarous deed, carried out by barbarous people, a deed of un
Published 10 Jan, 2011 12:00am
Nepal introduces transgender census category

Nepal introduces transgender census category

Nepal's national census will include a new category for transgender people when counting begins in May, the government said Sunday, in a move welcomed by equality activists. "Earlier, we had only two categories, men and women. But in the upcoming census,
Published 10 Jan, 2011 12:00am
Toyota to open new US safety research centre

Toyota to open new US safety research centre

Toyota Motor Corp said on Sunday it will open a new advanced safety research facility at its technical centre in the US state of Michigan, spending $50 million over the next five years.
Published 10 Jan, 2011 12:00am
Verizon Wireless to unveil iPhone

Verizon Wireless to unveil iPhone

Verizon Wireless, the top US mobile provider, plans on Tuesday to unveil a version of the Apple Inc iPhone for its service and will kick off sales of the device a few weeks later, a source told Reuters. Verizon Wireless will offer the iPhone to its custom
Published 10 Jan, 2011 12:00am
Flooding in Germany inundates roads, villages

Flooding in Germany inundates roads, villages

Rivers in western Germany are overflowing their banks due to pouring rain and melting snow, flooding many roads and parts of several villages. Authorities in Rhineland-Palatinate, the worst-hit state, said Sunday the wine towns of Cochem and Zell along th
Published 10 Jan, 2011 12:00am
Unsound decision

Unsound decision

The rumour mill abuzz with news on Thursday that Prime Minister Gilani would announce the withdrawal of the recent hike in petroleum and product prices in the National Assembly proved accurate and the government backtracked on a major macroeconomic strate
Published 10 Jan, 2011 12:00am
Gwadar port's unrealised potential

Gwadar port's unrealised potential

Talking to journalists the other day, the Balochistan Chief Minister, Nawab Aslam Raisani, made a strong plea for using the Gwadar Port for Afghan Transit Trade. He said that he had asked the 'relevant authorities' to supply fuel to the Nato forces in Afg
Published 10 Jan, 2011 12:00am
Inflation and government strategy

Inflation and government strategy

Inflation remains in double digits three years after the demise of the Musharraf regime; and yet blame continues to be laid at his doorstep. Initially, the two major political parties that emerged victorious after the February 2008 elections - PPP and the
Published 10 Jan, 2011 12:00am
German solar energy industry stands at the crossroads

German solar energy industry stands at the crossroads

The sun power industry in Germany, the world's leader in solar energy, is facing a tough year amid the threat of growing competition from Asia and falling prices. German solar-power companies rebounded last year from a dramatic slump in profit during 2009
Published 10 Jan, 2011 12:00am
China not entirely selfless in shoring up the euro

China not entirely selfless in shoring up the euro

China has come galloping to the rescue in the euro crisis. The world's second-largest economic power is shoring up debt-ridden countries such as Spain, Portugal and Greece through purchases of government bonds. The mere announcement itself went far to cal
Published 10 Jan, 2011 12:00am
Worsening law and order

Worsening law and order

The criminal elements have become very active during last three years and especially during 2010 and are harassing not only common man but even the business community and industrial establishments. The notorious gangs are operating openly and are demandin
Published 10 Jan, 2011 12:00am
Gas loadshedding: over 170 industrial units remain closed in Multan

Gas loadshedding: over 170 industrial units remain closed in Multan

More than 170 industrial units remained closed in Multan on Sunday as the Sui Northern Gas Pipelines (SNGPL) suspended supply to industry and CNG stations in Punjab and also failed to pacify the domestic consumers who took to the streets in several cities
Published 10 Jan, 2011 12:00am
Farmers, US budget hawks eye $5 billion a year agriculture subsidy

Farmers, US budget hawks eye $5 billion a year agriculture subsidy

A direct payment subsidy that guarantees US farmers $5 billion a year is the most prominent target in agriculture's complex web of subsidies as budget-cutting Republicans flex their new legislative muscle in the House of Representatives.
Published 10 Jan, 2011 12:00am
SSGC to curtail gas supply to KESC

SSGC to curtail gas supply to KESC

The Sui Southern Gas Company (SSGC) has announced to curtail supply of gas to Karachi Electric Supply Company (KESC) from 60mmcfd to 30mmcfd due to acute gas shortfall. SSGC officials told Business Recorder on Sunday that the company is facing acut
Published 10 Jan, 2011 12:00am
SSGC to curtail gas supply to KESC

SSGC to curtail gas supply to KESC

The Sui Southern Gas Company (SSGC) has announced to curtail supply of gas to Karachi Electric Supply Company (KESC) from 60mmcfd to 30mmcfd due to acute gas shortfall. SSGC officials told Business Recorder on Sunday that the company is facing acut
Published 10 Jan, 2011 12:00am
SSGC to curtail gas supply to KESC

SSGC to curtail gas supply to KESC

The Sui Southern Gas Company (SSGC) has announced to curtail supply of gas to Karachi Electric Supply Company (KESC) from 60mmcfd to 30mmcfd due to acute gas shortfall. SSGC officials told Business Recorder on Sunday that the company is facing acut
Published 10 Jan, 2011 12:00am
5,000 more Palestinians cleared to work in Israel

5,000 more Palestinians cleared to work in Israel

The cabinet decided on Sunday to issue an extra 5,150 permits for Palestinians from the West Bank to work inside Israel, an increase of more than 20 percent, the labour ministry announced.
Published 10 Jan, 2011 12:00am
5,000 more Palestinians cleared to work in Israel

5,000 more Palestinians cleared to work in Israel

The cabinet decided on Sunday to issue an extra 5,150 permits for Palestinians from the West Bank to work inside Israel, an increase of more than 20 percent, the labour ministry announced.
Published 10 Jan, 2011 12:00am
Clinton urges Gulf to keep focus on Iran sanctions

Clinton urges Gulf to keep focus on Iran sanctions

US Secretary of State Hillary Clinton on Sunday urged Arab states in the Gulf to stay focused on sanctions against Iran over its controversial nuclear programme, at the start of a regional tour.
Published 10 Jan, 2011 12:00am
Clinton urges Gulf to keep focus on Iran sanctions

Clinton urges Gulf to keep focus on Iran sanctions

US Secretary of State Hillary Clinton on Sunday urged Arab states in the Gulf to stay focused on sanctions against Iran over its controversial nuclear programme, at the start of a regional tour.
Published 10 Jan, 2011 12:00am
Sex abuse comments: Jack Straw facing growing accusations

Sex abuse comments: Jack Straw facing growing accusations

Britain's former foreign minister faced growing accusations of racial stereotyping Sunday after saying that gangs of Pakistani men saw young white girls as "easy meat" and were grooming them for sex.
Published 10 Jan, 2011 12:00am
Sex abuse comments: Jack Straw facing growing accusations

Sex abuse comments: Jack Straw facing growing accusations

Britain's former foreign minister faced growing accusations of racial stereotyping Sunday after saying that gangs of Pakistani men saw young white girls as "easy meat" and were grooming them for sex.
Published 10 Jan, 2011 12:00am
Iceland summons US envoy over WikiLeaks probe

Iceland summons US envoy over WikiLeaks probe

The American ambassador to Reykjavik has been summoned to explain why US investigators are trying to access the private details of an Icelandic lawmaker's online activity as they try to build a criminal case against WikiLeaks.
Published 10 Jan, 2011 12:00am
Iceland summons US envoy over WikiLeaks probe

Iceland summons US envoy over WikiLeaks probe

The American ambassador to Reykjavik has been summoned to explain why US investigators are trying to access the private details of an Icelandic lawmaker's online activity as they try to build a criminal case against WikiLeaks.
Published 10 Jan, 2011 12:00am
Doctors optimistic about shot US congresswoman

Doctors optimistic about shot US congresswoman

Doctors were cautiously optimistic on Sunday about the condition of US congresswoman Gabrielle Giffords after a man shot her in the head and killed six people at a public event in Arizona. The rampage in Tucson on Saturday fuelled debate about extreme pol
Published 10 Jan, 2011 12:00am
Doctors optimistic about shot US congresswoman

Doctors optimistic about shot US congresswoman

Doctors were cautiously optimistic on Sunday about the condition of US congresswoman Gabrielle Giffords after a man shot her in the head and killed six people at a public event in Arizona. The rampage in Tucson on Saturday fuelled debate about extreme pol
Published 10 Jan, 2011 12:00am
Militants blow up five gas facilities in Sui

Militants blow up five gas facilities in Sui

Some unidentified miscreants blew up some five natural gas facilities in Dera Bugti district of Balochistan on Sunday morning. According to a private television channel, some unknown miscreants exploded at least five natural gas installations in Tehsil Su
Published 10 Jan, 2011 12:00am
Militants blow up five gas facilities in Sui

Militants blow up five gas facilities in Sui

Some unidentified miscreants blew up some five natural gas facilities in Dera Bugti district of Balochistan on Sunday morning. According to a private television channel, some unknown miscreants exploded at least five natural gas installations in Tehsil Su
Published 10 Jan, 2011 12:00am
Global warming to devastate glaciers, Antarctic icesheet

Global warming to devastate glaciers, Antarctic icesheet

Global warming may wipe out three-quarters of Europe's alpine glaciers by 2100 and hike sea levels by four metres (13 feet) by the year 3000 through melting the West Antarctic icesheet, two studies published on Sunday said.
Published 10 Jan, 2011 12:00am
Global warming to devastate glaciers, Antarctic icesheet

Global warming to devastate glaciers, Antarctic icesheet

Global warming may wipe out three-quarters of Europe's alpine glaciers by 2100 and hike sea levels by four metres (13 feet) by the year 3000 through melting the West Antarctic icesheet, two studies published on Sunday said.
Published 10 Jan, 2011 12:00am
Protests as Bangladesh shares suffer record fall

Protests as Bangladesh shares suffer record fall

Hundreds of investors held demonstrations in cities across Bangladesh on Sunday after the country's main stock exchange plunged nearly eight percent in its steepest ever daily fall. The benchmark Dhaka Stock Exchange general index (DGEN) lost 600 points o
Published 10 Jan, 2011 12:00am
Protests as Bangladesh shares suffer record fall

Protests as Bangladesh shares suffer record fall

Hundreds of investors held demonstrations in cities across Bangladesh on Sunday after the country's main stock exchange plunged nearly eight percent in its steepest ever daily fall. The benchmark Dhaka Stock Exchange general index (DGEN) lost 600 points o
Published 10 Jan, 2011 12:00am
Lunar water may have come from comets: scientists

Lunar water may have come from comets: scientists

Water on the Moon came in large part from comets which bombarded the lunar surface in its infancy, a study published on Sunday suggests. For decades, the Moon was thought to have been as dry as it was void of life and atmosphere. This assumption, though,
Published 10 Jan, 2011 12:00am
Lunar water may have come from comets: scientists

Lunar water may have come from comets: scientists

Water on the Moon came in large part from comets which bombarded the lunar surface in its infancy, a study published on Sunday suggests. For decades, the Moon was thought to have been as dry as it was void of life and atmosphere. This assumption, though,
Published 10 Jan, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 03 to 08, 2011)

Published 10 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (January 09, 2011) and the forecast for Monday (January 10, 2011).

Published 10 Jan, 2011 12:00am
Afghan reconciliation must be led by Kabul: India

Afghan reconciliation must be led by Kabul: India

Reconciliation efforts between the Taliban and the Afghan government must be led by Kabul, India's foreign minister said Sunday, warning that outside interference could undercut the prospect of a stable Afghanistan.
Published 10 Jan, 2011 12:00am
Afghan reconciliation must be led by Kabul: India

Afghan reconciliation must be led by Kabul: India

Reconciliation efforts between the Taliban and the Afghan government must be led by Kabul, India's foreign minister said Sunday, warning that outside interference could undercut the prospect of a stable Afghanistan.
Published 10 Jan, 2011 12:00am
Unrelated taxes/charges: Nepra opposes collection through bills

Unrelated taxes/charges: Nepra opposes collection through bills

The National Electric Power Regulatory Authority (Nepra) is said to have opposed collection of taxes/charges, including TV licence fee, from power consumers through electricity bills, official sources told Business Recorder.
Published 10 Jan, 2011 12:00am
Unrelated taxes/charges: Nepra opposes collection through bills

Unrelated taxes/charges: Nepra opposes collection through bills

The National Electric Power Regulatory Authority (Nepra) is said to have opposed collection of taxes/charges, including TV licence fee, from power consumers through electricity bills, official sources told Business Recorder.
Published 10 Jan, 2011 12:00am
Unrelated taxes/charges: Nepra opposes collection through bills

Unrelated taxes/charges: Nepra opposes collection through bills

The National Electric Power Regulatory Authority (Nepra) is said to have opposed collection of taxes/charges, including TV licence fee, from power consumers through electricity bills, official sources told Business Recorder.
Published 10 Jan, 2011 12:00am
MoI&P among key supporters of used cars import

MoI&P among key supporters of used cars import

The Ministry of Industries and Production (MoI&P) is reportedly one of the key supporters of commercial import of used cars, which, analysts maintain, may destroy local auto industry, sources in the Engineering Development Board (EDB) told Business Rec
Published 10 Jan, 2011 12:00am
MoI&P among key supporters of used cars import

MoI&P among key supporters of used cars import

The Ministry of Industries and Production (MoI&P) is reportedly one of the key supporters of commercial import of used cars, which, analysts maintain, may destroy local auto industry, sources in the Engineering Development Board (EDB) told Business Rec
Published 10 Jan, 2011 12:00am
MoI&P among key supporters of used cars import

MoI&P among key supporters of used cars import

The Ministry of Industries and Production (MoI&P) is reportedly one of the key supporters of commercial import of used cars, which, analysts maintain, may destroy local auto industry, sources in the Engineering Development Board (EDB) told Business Rec
Published 10 Jan, 2011 12:00am
THE RUPEE: bearish trend versus dollar

THE RUPEE: bearish trend versus dollar

Persistent demand for dollars pushed the rupee lower versus dollar on the currency market during the week ended on January 8, 2011. On the interbank market, the rupee dropped 15 paisa in relation to dollar for buying at 85.75 and 12 paisa for selling at 8
Published 10 Jan, 2011 12:00am
THE RUPEE: bearish trend versus dollar

THE RUPEE: bearish trend versus dollar

Persistent demand for dollars pushed the rupee lower versus dollar on the currency market during the week ended on January 8, 2011. On the interbank market, the rupee dropped 15 paisa in relation to dollar for buying at 85.75 and 12 paisa for selling at 8
Published 10 Jan, 2011 12:00am
Gilani bows to PML-N demands

Gilani bows to PML-N demands

Prime Minister Yousuf Raza Gilani on Sunday bowed to 10 key opposition demands to shore up his government after a week in which the ruling party for a brief period lost its majority in parliament.
Published 10 Jan, 2011 12:00am
Gilani bows to PML-N demands

Gilani bows to PML-N demands

Prime Minister Yousuf Raza Gilani on Sunday bowed to 10 key opposition demands to shore up his government after a week in which the ruling party for a brief period lost its majority in parliament.
Published 10 Jan, 2011 12:00am
Gilani bows to PML-N demands

Gilani bows to PML-N demands

Prime Minister Yousuf Raza Gilani on Sunday bowed to 10 key opposition demands to shore up his government after a week in which the ruling party for a brief period lost its majority in parliament.
Published 10 Jan, 2011 12:00am
PML-N welcomes Prime Minister's 'yes'

PML-N welcomes Prime Minister's 'yes'

Pakistan Muslim League-N has welcomed Prime Minister Yousuf Raza Gilani's 'Yes' to implement the 10-point economic agenda of Nawaz Sharif presented last week.
Published 10 Jan, 2011 12:00am
Elahi urges Nawaz to give ultimatum to Shahbaz government

Elahi urges Nawaz to give ultimatum to Shahbaz government

PML-Q leader Pervaiz Elahi has said that Nawaz Sharif should give ultimatum and 12-point agenda to his brother Shahbaz Sharif, Chief Minister of Punjab, rather than serving 10-point agenda on PPP government.
Published 10 Jan, 2011 12:00am
Elahi urges Nawaz to give ultimatum to Shahbaz government

Elahi urges Nawaz to give ultimatum to Shahbaz government

PML-Q leader Pervaiz Elahi has said that Nawaz Sharif should give ultimatum and 12-point agenda to his brother Shahbaz Sharif, Chief Minister of Punjab, rather than serving 10-point agenda on PPP government.
Published 10 Jan, 2011 12:00am
MQM hails Prime Minister's move

MQM hails Prime Minister's move

Muttahida Qaumi Movement (MQM) on Sunday hailed Prime Minister's decision to accept the 10-point agenda of Pakistan Muslim League-Nawaz (PML-N). Addressing a press conference of MQM's Rabita Committee held at Khursheed Begum Memorial Hall via telephone fr
Published 10 Jan, 2011 12:00am
MQM hails Prime Minister's move

MQM hails Prime Minister's move

Muttahida Qaumi Movement (MQM) on Sunday hailed Prime Minister's decision to accept the 10-point agenda of Pakistan Muslim League-Nawaz (PML-N). Addressing a press conference of MQM's Rabita Committee held at Khursheed Begum Memorial Hall via telephone fr
Published 10 Jan, 2011 12:00am
Stocks register 3 percent gain

Stocks register 3 percent gain

Despite uncertainties on political and security fronts, the share market continued its upward trend and the KSE-100 index registered a gain of 3 percent during the week ended on January 7, 2011. The index surged by 366.58 points and closed at 12,389.04 po
Published 10 Jan, 2011 12:00am
Stocks register 3 percent gain

Stocks register 3 percent gain

Despite uncertainties on political and security fronts, the share market continued its upward trend and the KSE-100 index registered a gain of 3 percent during the week ended on January 7, 2011. The index surged by 366.58 points and closed at 12,389.04 po
Published 10 Jan, 2011 12:00am
Stocks register 3 percent gain

Stocks register 3 percent gain

Despite uncertainties on political and security fronts, the share market continued its upward trend and the KSE-100 index registered a gain of 3 percent during the week ended on January 7, 2011. The index surged by 366.58 points and closed at 12,389.04 po
Published 10 Jan, 2011 12:00am
3.8 percent drop in futures open interest

3.8 percent drop in futures open interest

The total open interest position at the futures counter decreased by 3.8 percent on week-on-week basis to Rs 1,387 million. On the other hand, the future spreads also declined by 162bps on week-on-week basis to 2.89 percent. Trading activities at the futu
Published 10 Jan, 2011 12:00am
3.8 percent drop in futures open interest

3.8 percent drop in futures open interest

The total open interest position at the futures counter decreased by 3.8 percent on week-on-week basis to Rs 1,387 million. On the other hand, the future spreads also declined by 162bps on week-on-week basis to 2.89 percent. Trading activities at the futu
Published 10 Jan, 2011 12:00am
3.8 percent drop in futures open interest

3.8 percent drop in futures open interest

The total open interest position at the futures counter decreased by 3.8 percent on week-on-week basis to Rs 1,387 million. On the other hand, the future spreads also declined by 162bps on week-on-week basis to 2.89 percent. Trading activities at the futu
Published 10 Jan, 2011 12:00am
3.8 percent drop in futures open interest

3.8 percent drop in futures open interest

The total open interest position at the futures counter decreased by 3.8 percent on week-on-week basis to Rs 1,387 million. On the other hand, the future spreads also declined by 162bps on week-on-week basis to 2.89 percent. Trading activities at the futu
Published 10 Jan, 2011 12:00am
70 killed, 32 hurt in Iran Air plane crash

70 killed, 32 hurt in Iran Air plane crash

An airliner with Iran Air crashed on Sunday near a northwestern city in bad weather and broke into pieces, killing at least 70 of the 105 people on board, state news agency IRNA reported.
Published 10 Jan, 2011 12:00am
70 killed, 32 hurt in Iran Air plane crash

70 killed, 32 hurt in Iran Air plane crash

An airliner with Iran Air crashed on Sunday near a northwestern city in bad weather and broke into pieces, killing at least 70 of the 105 people on board, state news agency IRNA reported.
Published 10 Jan, 2011 12:00am
Obama delays trip, seeks to honour shooting victims

Obama delays trip, seeks to honour shooting victims

US President Barack Obama on Sunday postponed a trip to a General Electric unit later this week after the Arizona shooting of a congresswoman and called on Americans to hold a moment of silence on Monday.
Published 10 Jan, 2011 12:00am
NIH confirms 59 swine virus positive cases

NIH confirms 59 swine virus positive cases

The National Institute of Health (NIH) has confirmed that so far 59 positive cases of swine flu (H1N1 virus) have been reported throughout the country. They said that 24 cases were reported from Punjab, 13 from Federal Capital, 13 from Karachi and nine fr
Published 10 Jan, 2011 12:00am
World bodies urged to take cognisance of human rights abuses in IHK

World bodies urged to take cognisance of human rights abuses in IHK

Veteran Kashmiri Hurriyet leader, Syed Ali Geelani has appealed to the international humanitarian organisations including Amnesty International (AI) and International Red Cross to take cognisance of gross human rights violations by Indian troops in held K
Published 10 Jan, 2011 12:00am
Three children burnt to death in Khairpur

Three children burnt to death in Khairpur

At least three children were killed while two others sustained injuries after their house caught fire here on Sunday, police said. The incident occurred in Goth Gunchi of Ahmed Pur here when the family of Abbas Matilo burnt fire in their house to warm it
Published 10 Jan, 2011 12:00am
Training workshop on neuro angiography at LGH concludes

Training workshop on neuro angiography at LGH concludes

The medical experts have said that the installation of state of the art neuro angiography machine at LGH is a revolutionary step, which has enabled the doctors to treat and repair the veins of the brain without opening the skull. Previously doctors were c
Published 10 Jan, 2011 12:00am
Modern technology park to be established at UET: vice chancellor

Modern technology park to be established at UET: vice chancellor

A modern technology park would be established at University of Engineering and Technology (UET) Taxila to provide state of art facilities to the scholars, academia, researchers, public and private sector enterprises for research and inventions.
Published 10 Jan, 2011 12:00am
Cold & dry weather forecast today

Cold & dry weather forecast today

Meteorological department has forecast cold and dry weather over most parts of the country today (Monday). However, it said moderate/dense foggy conditions are likely to continue over the plain areas of Punjab, central & lower Khyber Pakhtunkhwah and uppe
Published 10 Jan, 2011 12:00am
Sialkot in the grip of severe cold

Sialkot in the grip of severe cold

Sialkot and its adjoining areas are in the grip of severe chill as a result of which the normal life disrupted adversely on Sunday. The normal traffic had become very thin on the roads while the attendance in educational institutions, semi government and
Published 10 Jan, 2011 12:00am
GB decides to hold LB elections in March

GB decides to hold LB elections in March

The Gilgit-Baltistan government has decided to hold local body elections in March 2011 aiming to ensure transfer of power to grassroots level, Provincial Minister, Engineer Ismail said on Sunday. Talking to APP he said for the implementation of good gover
Published 10 Jan, 2011 12:00am
Rally asks government to renounce supporting perpetrators of blasphemy

Rally asks government to renounce supporting perpetrators of blasphemy

With clear warning to the government, about a dozen religious leaders on Sunday asked it to renounce the support to blasphemy perpetrators, or be ready to confront the nation's wrath. Thousands of people marched on M A Jinnah Road from Nomaish Chowrangi t
Published 10 Jan, 2011 12:00am
Taseer's murder: conspirators to be exposed soon: Mehdi Shah

Taseer's murder: conspirators to be exposed soon: Mehdi Shah

Gilgit-Baltistan Chief Minister Syed Mehdi Shah has said that conspirators behind the murder of Punjab Governor Salman Taseer will be exposed soon. Talking to newsmen after visiting the grave of late Salman Taseer here on Sunday, he said that his blood wo
Published 10 Jan, 2011 12:00am
Prime Minister phones Speaker Indian Lok Sabha

Prime Minister phones Speaker Indian Lok Sabha

Prime Minister Syed Yousuf Raza Gilani on Sunday rang up Speaker Indian Lok Sabha Meira Kumar and exchanged greetings of New Year. The Prime Minister conveyed his well wishes for her future endeavours. It may be recalled that Meira Kumar had sent a messag
Published 10 Jan, 2011 12:00am
Late M B Naqvi's book launched

Late M B Naqvi's book launched

Late journalist M.B. Naqvi's book was launched here on Sunday. The launching ceremony was held under the auspices of the Pakistan Peace Coalition. The speakers paid tributes the journalist, columnist and author late M.B. Naqvi eulogising his efforts for u
Published 10 Jan, 2011 12:00am
MQM demands arrest of workers' target killers

MQM demands arrest of workers' target killers

The Mutahida Qaumi Movement (MQM) has demanded arrest of terrorists involved in target killings of MQM workers Yawar Abbas and Adil Akhtar Jaffery and also to take strict action against the miscreant elements abetting the culprits.
Published 10 Jan, 2011 12:00am
Health minister for immediate release of allocated funds

Health minister for immediate release of allocated funds

Sindh Health Minister Dr Sagheer Ahmed has demanded of the provincial government to immediately release funds allocated for health sector in the budget, so the pending projects could be completed and new projects could be executed.
Published 10 Jan, 2011 12:00am
'PML-N national agenda aims at solution of people's problems'

'PML-N national agenda aims at solution of people's problems'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Quaid Pakistan Muslim League-N Muhammad Nawaz Sharif has given a national agenda with a positive approach for mitigating the sufferings and solution of the problems of the common man. He said tha
Published 10 Jan, 2011 12:00am
MQM to be taken into confidence on all decisions: Gilani assures Altaf

MQM to be taken into confidence on all decisions: Gilani assures Altaf

Prime Minister Yousuf Raza Gilani has assured that all decisions would be taken after consultation and taking into confidence Mutahida Quami Movement (MQM). Gilani telephoned MQM chief Altaf Hussain on Sunday and welcomed MQM's decision of rejoining gover
Published 10 Jan, 2011 12:00am
Altaf's telephonic contact with Sheikh Rashid, Pervez Elahi

Altaf's telephonic contact with Sheikh Rashid, Pervez Elahi

Muttahida Qaumi Movement (MQM), Chief Altaf Hussain had telephonic contacts with Awami Muslim League (AML) Chief, Sheikh Rashid Ahmed and leader of Pakistan Muslim League, Quaid-e-Azam, Chaudhry Pervez Elahi. The MQM Chief took both the leaders into confi
Published 10 Jan, 2011 12:00am
Backward areas: Khosa directs completion of uplift schemes

Backward areas: Khosa directs completion of uplift schemes

Senior Advisor to Chief Minister Sardar Zulfiqar Ali Khan Khosa has directed the nation building departments to complete the development schemes of backward areas within stipulated time so that poverty and backwardness can be eradicated. He said that by p
Published 10 Jan, 2011 12:00am
Bahauddin Zakariya Urs begins from today

Bahauddin Zakariya Urs begins from today

A three-day Urs of Hazrat Bahauddin Zakariya Suharwardi will begin from today. Urs ceremonies will start with Ghusal of the mausoleum with rose water by Sajjada Nashin Shah Mahmood Qureshi. Hundreds of devotees and pilgrims from all over the country parti
Published 10 Jan, 2011 12:00am
50 kg opium seized, two held

50 kg opium seized, two held

The Nowshera police on Sunday seized huge quantity of opium during successful raid from a car near Akora Khattak and arrested two smugglers. According to police, on a tip-off that a huge quantity of opium would be smuggled from tribal areas to Punjab, Ako
Published 10 Jan, 2011 12:00am
KP government plans for revival of flood-hit beekeeping industry

KP government plans for revival of flood-hit beekeeping industry

The government of Khyber Pakhtunkhwa has chalked out a comprehensive plan for revival of beekeeping industry in the flood-hit areas of the province. The government has chalked out a mega project 'Honey is Remedy for Health" for the uplift and revival of b
Published 10 Jan, 2011 12:00am
Saudi lists 47 wanted al Qaeda suspects abroad

Saudi lists 47 wanted al Qaeda suspects abroad

Saudi authorities announced Sunday a list of 47 people wanted for suspected links to al Qaeda who are all abroad, the interior ministry said in a statement carried by state news agency SPA. "Authorities have identified 47 wanted Saudis who are abroad and
Published 10 Jan, 2011 12:00am
Brazil to spend $6 billion on border controls

Brazil to spend $6 billion on border controls

Brazil is planning to spend $6 billion (10 billion reais) on a new project to protect its borders against smuggling and arms trafficking, Folha de S. Paulo newspaper reported on Sunday. The so-called Sisfron system, which is expected to be ready by 2019,
Published 10 Jan, 2011 12:00am
Guatemala bus accident kills 14 former soldiers

Guatemala bus accident kills 14 former soldiers

At least 14 former Guatemalan paramilitaries were killed and 30 injured on Saturday when their bus fell into a ravine west of the capital, authorities said. The vehicle's brakes failed and the bus plunged about 165 feet (50 metres) into a ravine, a fire d
Published 10 Jan, 2011 12:00am
US will respond to Chinese military advances: Gates

US will respond to Chinese military advances: Gates

The United States will enhance its own capabilities in response to China's growing military muscle, US Defence Robert Gates said on Saturday, as he to flew to Beijing for talks with China's political and military leaders.
Published 10 Jan, 2011 12:00am
Opposition says 20 killed in Tunisian clashes

Opposition says 20 killed in Tunisian clashes

At least 20 people were killed in weekend clashes with police in two central Tunisian towns amid protests over the cost of living, the opposition said Sunday, contradicting an official toll of two dead.
Published 10 Jan, 2011 12:00am
Four dead in shooting spree in Italy

Four dead in shooting spree in Italy

Italian news reports say a 70-year-old retiree has shot dead two neighbors and then his wife before turning the gun on himself in the northern city of Genoa. The shooter died later in a hospital, said the ANSA news agency, citing local prosecutor Vittorio
Published 10 Jan, 2011 12:00am
UK military chief aims to set up cyber command

UK military chief aims to set up cyber command

Britain's military chief says he wants to set up a U.K. version of America's Cyber Command, the Pentagon's newly formed cyberwarfare division. General David Richards was quoted in the Sunday Times as saying that cyberattacks were going to be a part of fut
Published 10 Jan, 2011 12:00am
Thousands Thai 'Red Shirts' return to Bangkok streets

Thousands Thai 'Red Shirts' return to Bangkok streets

About 30,000 Thai "Red Shirts" gathered in Bangkok on Sunday, police said, in their biggest show of strength since a deadly military crackdown on their mass anti-government protest last year. A security force of 1,000 was deployed in the capital for the m
Published 10 Jan, 2011 12:00am
Millions vote in South Sudan independence poll

Millions vote in South Sudan independence poll

Millions of jubilant south Sudanese voted on Sunday in an independence referendum expected to see the largely non-Muslim region splitting away from the Arab-led north to create Africa's newest nation. People queued for hours in the burning sun outside pol
Published 10 Jan, 2011 12:00am
Clashes in Abyei kill at least eight

Clashes in Abyei kill at least eight

Clashes between Misseriya Arabs and Ngok Dinka in the disputed district of Abyei on the border between north and south Sudan killed at least eight people, sources on both sides said on Sunday.
Published 10 Jan, 2011 12:00am
Most nations to recognise Palestinian state

Most nations to recognise Palestinian state

Most of the world's nations will announce recognition of a Palestinian state by September 2011, Palestinian foreign minister Riyad al-Malki said on Sunday. "The majority of the international community will recognise an independent Palestinian state" by Se
Published 10 Jan, 2011 12:00am
Israeli academics urge settlement college boycott

Israeli academics urge settlement college boycott

More than 150 Israeli academics have signed a petition calling for a boycott of a university located in the West Bank settlement of Ariel, one of them told Israeli public radio on Sunday.
Published 10 Jan, 2011 12:00am
Hamas urges militant groups to stop attacking Israel

Hamas urges militant groups to stop attacking Israel

Hamas said on Sunday it has begun talks with other militant factions in the Gaza Strip to urge them to stop firing rockets at Israel, attacks that have raised Palestinian fears of a new Israeli offensive.
Published 10 Jan, 2011 12:00am
Bangladesh share index drops a record 7.8 percent

Bangladesh share index drops a record 7.8 percent

Bangladesh's main Dhaka Stock Exchange General Index slumped by more than 600 points or 7.76 percent to 7,135 on Sunday, the steepest one-day fall in its history. After a succession of daily falls the first week of the year has seen the benchmark index fa
Published 10 Jan, 2011 12:00am
Yen set to depreciate in 2011

Yen set to depreciate in 2011

The Japanese yen is set to gradually depreciate in 2011 as fears of central bank intervention weigh on sentiment but persistent risk aversion prevents a sharp fall in the perceived safe haven asset. The monthly survey of 55 strategists, taken between Dec.
Published 10 Jan, 2011 12:00am
Middle East markets: Kuwait's Agility at 15-week low on US lawsuit

Middle East markets: Kuwait's Agility at 15-week low on US lawsuit

Kuwait's Agility tumbled to a 15-week low on Sunday after US prosecutors filed a civil lawsuit against the logistics operator. Agility fell 4 percent to its lowest close since September 27, despite denying the US move amounted to a new suit. Agility said
Published 10 Jan, 2011 12:00am
Iraqi bourse sees rise in foreign investments

Iraqi bourse sees rise in foreign investments

War-torn Iraq is expected to attract more overseas investment this year after foreigners were net buyers on its stock exchange in 2010, snapping up $53 million worth of shares, the market's head said on Sunday.
Published 10 Jan, 2011 12:00am
British stock market to focus on interest rate decision

British stock market to focus on interest rate decision

London investors will focus on an interest rate decision from the Bank of England and retail-sector results in the coming days, after leaping into positive territory in the first week of 2011. The FTSE 100 index jumped 1.43 percent over the past week to f
Published 10 Jan, 2011 12:00am
Sterling to gain some ground

Sterling to gain some ground

The pound will coast for six months but end 2011 a little higher than where it started the year as the Bank of England begins to unwind its ultra-loose monetary policy in the second half, a Reuters poll found. Median forecasts from the poll of over 50 ana
Published 10 Jan, 2011 12:00am
Communist Laos joins global stock market club

Communist Laos joins global stock market club

The world's newest stock exchange is set to open for trade this week in communist Laos, which hopes its cautious embrace of global capitalism will spur development of Southeast Asia's smallest economy.
Published 10 Jan, 2011 12:00am
Wall Street Weekahead: earnings to set tone, upside may be limited

Wall Street Weekahead: earnings to set tone, upside may be limited

Investors head into next week on the defensive as the potential for US equity gains could be limited even if earnings begin on a strong note. The early fourth-quarter results will set the tone. Any weakness will give traders a reason to pull back from the
Published 10 Jan, 2011 12:00am
Japan stocks seen rising more

Japan stocks seen rising more

Japanese shares soared during the first trading week of 2011 and investors are hungry for further gains in the weeks to come amid growing expectations of US economic recovery, analysts said Friday. The Nikkei index at the Tokyo Stock Exchange rose 3.05 pe
Published 10 Jan, 2011 12:00am
Euro volatility set to rise in this month

Euro volatility set to rise in this month

Trading in the euro is set to be more volatile this month than in December as the currency is plagued by fears of a sovereign debt crisis emerging in the 17-member monetary bloc. The conclusion is based on the standard deviation of forecasts in the Januar
Published 10 Jan, 2011 12:00am
US primary dealers raise Treasury yield forecasts

US primary dealers raise Treasury yield forecasts

Leading US economists have boosted their outlook for interest rates on benchmark Treasury debt in tandem with rising expectations for growth in the world's largest economy, a Reuters poll found on Friday.
Published 10 Jan, 2011 12:00am
Former boss of Anglo Irish Bank apologises

Former boss of Anglo Irish Bank apologises

The former boss of Anglo Irish Bank has apologised for his role in the collapse of the lender which has cost the Irish taxpayer billions of euros, according to extracts from a new book on Sunday. Sean FitzPatrick, who was chief executive officer before he
Published 10 Jan, 2011 12:00am
Unemployed Saudi teachers stage rare Riyadh protest

Unemployed Saudi teachers stage rare Riyadh protest

A group of 250 unemployed Saudi university graduates staged a rare protest in the capital Riyadh, and the group's spokesman vowed on Sunday to keep up the demonstrations till the Gulf Arab state creates jobs for them.
Published 10 Jan, 2011 12:00am
Beijing car plates oversubscribed by 10 times

Beijing car plates oversubscribed by 10 times

Over 215,000 people applied for car licences in Beijing this month, but only 20,000 will be issued as the capital seeks to curb its massive traffic jams, state press said Sunday. Under a new system aimed at controlling the number of cars on Beijing street
Published 10 Jan, 2011 12:00am
Portugal under pressure to seek EU-IMF aid

Portugal under pressure to seek EU-IMF aid

Pressure is growing on Portugal from Germany, France and other eurozone countries to seek financial help from the EU and IMF to stop the bloc's debt crisis from spreading, a senior eurozone source said on Sunday.
Published 10 Jan, 2011 12:00am
Kuwait's Agility says US did not file new suit

Kuwait's Agility says US did not file new suit

Kuwaiti logistics firm Agility said on Sunday that the latest report about a new civil case filed against the firm was not true. "The new civil case it spoke about is not a new lawsuit against Agility, but a procedural amendment to the case that was annou
Published 10 Jan, 2011 12:00am
Saudi Arabia needs to boost its food reserves

Saudi Arabia needs to boost its food reserves

Saudi Arabia needs to build up its strategic food reserves as a buffer against rising global prices for basic commodities, executives and chamber of commerce officials said on Sunday.
Published 10 Jan, 2011 12:00am
Scotland-China sign $10 million waste energy deal

Scotland-China sign $10 million waste energy deal

Scotland and China signed a $10 million renewable energy technology licensing deal on Sunday, the Scottish government said, as Chinese Vice Premier Li Keqiang began a four-day state visit to Britain. The contract will allow technology pioneered in Scotlan
Published 10 Jan, 2011 12:00am
Sudan bans imports of many goods as crisis looms

Sudan bans imports of many goods as crisis looms

Sudan banned the import of many types of goods including furniture, animals and food products on Sunday in the latest move to address its trade deficit and foreign currency shortages as the oil-producing south looks to secede.
Published 10 Jan, 2011 12:00am
Economists foretell of US decline, China's ascension

Economists foretell of US decline, China's ascension

To hear a number of prominent economists tell it, it doesn't look good for the US economy, not this year, not in 10 years. Leading thinkers in the dismal science speaking at an annual convention offered varying visions of US economic decline, in the short
Published 10 Jan, 2011 12:00am
Cameron wants UK banks to pay smaller bonuses

Cameron wants UK banks to pay smaller bonuses

British Prime Minister David Cameron said on Sunday he wanted banks to award smaller bonuses and understood the public's anger on the issue. "On the general, I want to see the bonus pool smaller than last year. On the specific Royal Bank of Scotland is ow
Published 10 Jan, 2011 12:00am
Ready to talk with trade unions

Ready to talk with trade unions

British Prime Minister David Cameron said on Sunday he was prepared to talk to trade unions, but striking was counter-productive and the government would not be bullied into ditching deep spending cuts. "I hope that people don't go on strike because it ne
Published 10 Jan, 2011 12:00am
Opec may hike oil output if price hit $110

Opec may hike oil output if price hit $110

Speculation could push oil prices to rise to $110 per barrel within a few weeks, which may prompt Opec to raise production, a member of Kuwait's Supreme Petroleum Council (SPC) said on Sunday.
Published 10 Jan, 2011 12:00am
Bank of Ireland in talks with Middle East funds

Bank of Ireland in talks with Middle East funds

Bank of Ireland is holding talks with some Middle East sovereign wealth funds about their possible involvement in a capital raising, Irish newspaper the Sunday Business Post said. Last month the bank raised 700 million euros in a bond exchange but may end
Published 10 Jan, 2011 12:00am
Bangladeshi poor to get cut-price grain

Bangladeshi poor to get cut-price grain

Bangladesh has launched a drive to distribute some 880,000 tonnes of rice and wheat among its poor through cut-price outlets across the country, food minister Abdur Razzaque said on Sunday. "Some 440,000 tonnes of rice and a similar weight of wheat will b
Published 10 Jan, 2011 12:00am
Algeria increases wheat supplies after food riots

Algeria increases wheat supplies after food riots

Algeria's state grains agency will increase by 18 percent the amount of soft wheat it supplies to the local market each month, official media said on Sunday, amidst unrest over rising food prices.
Published 10 Jan, 2011 12:00am
Sharma sets up India win

Sharma sets up India win

Rohit Sharma blazed a half-century as India cantered to a 21-run win over South Africa in a one-off Twenty20 international at the Moses Mabhida Stadium in Durban on Sunday. After India won the toss and elected to bat, Sharma weighed in with 53 off 34 ball
Published 10 Jan, 2011 12:00am
Singapore to 'scrap' national team

Singapore to 'scrap' national team

Singapore is considering disbanding its under-performing national soccer team in a development that has shocked the players, local media reported on Sunday.
Published 10 Jan, 2011 12:00am
No Dalglish boost as United knock Liverpool out

No Dalglish boost as United knock Liverpool out

Kenny Dalglish's first match back as Liverpool manager ended in a 1-0 FA Cup third round defeat by Manchester United on Sunday and, to make matters worse, captain Steven Gerrard was sent-off.
Published 10 Jan, 2011 12:00am
Japan narrowly escape defeat to Jordan

Japan narrowly escape defeat to Jordan

A 91st minute goal by Maya Yoshida saved three-time champions Japan from a shock defeat at the hands of underdogs Jordan as the two sides drew 1-1 in their opening Asian Cup Group B match Sunday. Hasan Abdel Fattah opened the scoring on the stroke of half
Published 10 Jan, 2011 12:00am
Ntini feted as curtain comes down on career

Ntini feted as curtain comes down on career

Makhaya Ntini's international career came to an end on Sunday on an occasion which was at least as much about emotion and show business as it was about cricket. It was an official Twenty20 international, which India won by 21 runs - but Ntini's farewell,
Published 10 Jan, 2011 12:00am
Coach, selectors face post-Ashes scrutiny

Coach, selectors face post-Ashes scrutiny

The future of embattled coach Tim Nielsen will be among a range of issues discussed by Australian cricket chiefs as they demand answers for their disastrous Ashes campaign, reports said on Sunday.
Published 10 Jan, 2011 12:00am
Fears over readiness of India World Cup venues

Fears over readiness of India World Cup venues

Just six weeks before the cricket World Cup, several venues including India's most famous stadium are chaotic scenes of cranes and rubble, raising fears they will not be ready in time. The tournament, being held in India, Sri Lanka and Bangladesh from Feb
Published 10 Jan, 2011 12:00am
Pakistan destroy dismal New Zealand

Pakistan destroy dismal New Zealand

Pakistan's left-arm attack of Abdur Rehman and Wahad Riaz ripped through the New Zealand batting line-up on Sunday to seal a 10-wicket victory inside three days in the first Test. New Zealand's second innings lasted less than 39 overs as they were bowled
Published 10 Jan, 2011 12:00am
Wawrinka wins Chennai Open

Wawrinka wins Chennai Open

Third-seeded Stanislas Wawrinka overcame Xavier Malisse in three sets to start the new season by winning the $450,000 ATP Chennai Open title on Sunday. The Swiss world number 21 survived a mid-match lapse in concentration to outclass the 60th-ranked Belgi
Published 10 Jan, 2011 12:00am
Soderling wins Brisbane International

Soderling wins Brisbane International

Sweden's Robin Soderling won the Brisbane International when he beat American Andy Roddick 6-3, 7-5 at the Queensland Tennis Centre on Sunday. In a brilliant exhibition of power and precision, the 26-year-old Swede overwhelmed a gallant Roddick in an abso
Published 10 Jan, 2011 12:00am
Europe clinch Royal Trophy

Europe clinch Royal Trophy

Spain's Pablo Martin holed the winning putt as Europe capped a magnificent fightback by retaining the Royal Trophy with a dramatic 9-7 victory over Asia on Sunday. Martin produced a magical flop shot to 12 inches at the 18th to defeat Jeev Milkha Singh of
Published 10 Jan, 2011 12:00am
Citi raises US in global equity strategy

Citi raises US in global equity strategy

Citigroup said it expects global equities to churn out another double-digit return in 2011 and upgraded the United States to "neutral." In a note dated January 05, the brokerage said it expects 2011 to be a year of "strong but uneven global growth." Citi
Published 10 Jan, 2011 12:00am
Citi raises US in global equity strategy

Citi raises US in global equity strategy

Citigroup said it expects global equities to churn out another double-digit return in 2011 and upgraded the United States to "neutral." In a note dated January 05, the brokerage said it expects 2011 to be a year of "strong but uneven global growth." Citi
Published 10 Jan, 2011 12:00am
Nasdaq OMX grabs bigger slice of US options market

Nasdaq OMX grabs bigger slice of US options market

Nasdaq OMX Group handled nearly a third of all US options trading in December, giving the exchange operator its biggest slice yet of a fast-growing market. Nasdaq PHLX and its sister platform NOM accounted for 32.7 percent of all stock- and stock-index-op
Published 10 Jan, 2011 12:00am
Telenor worried about India, pessimistic on Orascom

Telenor worried about India, pessimistic on Orascom

Norway's Telenor said on January 05 it is concerned about the potential impact of an ongoing telecom corruption scandal in India on its fledging mobile operations in the Asian superpower.
Published 10 Jan, 2011 12:00am
Dubai Investments sees surge in fourth quarter profit

Dubai Investments sees surge in fourth quarter profit

UAE conglomerate Dubai Investments expects to report a fourth-quarter profit of 240 million dirhams ($65 million) before provisions and impairments, its chief executive told Reuters on January 06. Dubai Investments, which is involved in sectors from real
Published 10 Jan, 2011 12:00am
Dell buying IT security firm SecureWorks

Dell buying IT security firm SecureWorks

US computer giant Dell said on January 04 it has reached an agreement to buy information technology security firm SecureWorks. Financial details of the transaction were not disclosed.
Published 10 Jan, 2011 12:00am
Next sees price rises biting in 2011

Next sees price rises biting in 2011

Next, Britain's No 2 fashion retailer, expects price rises to be a bigger factor in dampening consumer demand in 2011 than government cuts and tax rises, its chief executive said. "The reality is a lot of the big cuts have gone through already and some ta
Published 10 Jan, 2011 12:00am
End-of-year storms create insurer profit risk

End-of-year storms create insurer profit risk

US property insurers like Travellers Cos Inc and Chubb Corp were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away those estimates.
Published 10 Jan, 2011 12:00am
Toshiba year-end TV sales strong

Toshiba year-end TV sales strong

Japan's Toshiba Corp saw better-than-expected television sales in November and December thanks to a spike in Japanese sales, the head of the company's TV unit told Reuters in an interview on January 06.
Published 10 Jan, 2011 12:00am
Asiana Airlines orders six Airbus A380s

Asiana Airlines orders six Airbus A380s

South Korea's Asiana Airlines has ordered six A380 superjumbos from European planemaker Airbus in a boost for the world's largest airliner following an in-flight emergency in November. Airbus, owned by EADS, slashed its delivery forecast for the A380 for
Published 10 Jan, 2011 12:00am
Previous Day