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Archive - 2011-02-07
Banned Asif weighs up next move
Sports

Banned Asif weighs up next move

LONDON: Pakistan seamer Mohammmad Asif is "considering his response" to being banned from all cricket for a minimum of f
Published 07 Feb, 2011 06:14pm
Watson wins Allan Border Medal
Sports

Watson wins Allan Border Medal

MELBOURNE: Shane Watson capped an outstanding playing year by winning Australian cricket's top individual award, the All
Published 07 Feb, 2011 03:32pm
US tells India to open its economy
Asia

US tells India to open its economy

NEW DELHI: US Commerce Secretary Gary Locke on Monday said India needed to open up its economy by reducing trade barrier
Published 07 Feb, 2011 03:14pm
Iran oil spill hits Gulf coast
Energy

Iran oil spill hits Gulf coast

TEHRAN: An aging oil pipeline has ruptured in southern Iran contaminating vast patches of the coast and farmland near
Published 07 Feb, 2011 11:20am
Boards approve Russian potash merger
Top News

Boards approve Russian potash merger

MOSCOW: The boards of two Russian chemical giants have approved a merger that will create the world's second-largest pro
Published 07 Feb, 2011 10:21am
Bosnian Envoy to visit Sialkot today
Top News

Bosnian Envoy to visit Sialkot today

SIALKOT: Ambassador of Bosnia and Herzegovina in Pakistan Mr. Armin Limo will visit Sialkot Chamber of Commerce and I
Published 07 Feb, 2011 09:09am
Mochi gate fire engulfs more buildings
Top News

Mochi gate fire engulfs more buildings

LAHORE: Fire that broke out in a godown in a plaza in Mochi gate area has spread to seven other plazas and injured 22 pe
Published 07 Feb, 2011 08:56am
Pakistan greats call for reform
Sports

Pakistan greats call for reform

KARACHI: Pakistan cricket faces an abysmal future unless it cleans up the game and institutes sweeping reforms after thr
Published 07 Feb, 2011 08:45am
Kazakh opposition demands fair vote
Asia

Kazakh opposition demands fair vote

ALMATY:  The Kazakh opposition on Monday demanded a free and fair vote after the country's veteran leader called for a s
Published 07 Feb, 2011 08:34am
Ministers to meet Fiat CEO
Industry

Ministers to meet Fiat CEO

Milan: The Italian car maker sees four management centres, with the Italy city of Turin, its current headquarters, re
Published 07 Feb, 2011 07:54am
KSE dilly-dallies
BR Research

KSE dilly-dallies

January saw KSE-100 at its highest level since June 2008; it also saw average turnover increase sharply hitting a 9-month high of 170 millio
Published 07 Feb, 2011 12:00am
MQM agrees to restoration of old commissionerate system under LG system

MQM agrees to restoration of old commissionerate system under LG system

Muttahida Qaumi Movement (MQM) has agreed to restore old commissionerate system under local government system, a private TV channel reported Sunday. According to the channel, a meeting was held between Pakistan Peoples' Party (PPP) and MQM at chief minist
Published 07 Feb, 2011 12:00am
MQM agrees to restoration of old commissionerate system under LG system

MQM agrees to restoration of old commissionerate system under LG system

Muttahida Qaumi Movement (MQM) has agreed to restore old commissionerate system under local government system, a private TV channel reported Sunday. According to the channel, a meeting was held between Pakistan Peoples' Party (PPP) and MQM at chief minist
Published 07 Feb, 2011 12:00am
Shoe hurled at Musharraf in London

Shoe hurled at Musharraf in London

A man hurled a shoe at former president Pervez Musharraf when the latter was addressing a gathering in London on Sunday, a private TV channel reported. According to the channel, the shoe fell in the front row and failed to reach the stage.
Published 07 Feb, 2011 12:00am
Shoe hurled at Musharraf in London

Shoe hurled at Musharraf in London

A man hurled a shoe at former president Pervez Musharraf when the latter was addressing a gathering in London on Sunday, a private TV channel reported. According to the channel, the shoe fell in the front row and failed to reach the stage.
Published 07 Feb, 2011 12:00am
Power supply to 15 districts of Balochistan suspended

Power supply to 15 districts of Balochistan suspended

A technical fault in high transmission line has caused suspension of power supply to 15 districts of Balochistan on Sunday. Quetta Electric Supply Company sources confirmed that a technical fault in 220-KV high transmission line between Guddo and Sibi had
Published 07 Feb, 2011 12:00am
Power supply to 15 districts of Balochistan suspended

Power supply to 15 districts of Balochistan suspended

A technical fault in high transmission line has caused suspension of power supply to 15 districts of Balochistan on Sunday. Quetta Electric Supply Company sources confirmed that a technical fault in 220-KV high transmission line between Guddo and Sibi had
Published 07 Feb, 2011 12:00am
Power supply to 15 districts of Balochistan suspended

Power supply to 15 districts of Balochistan suspended

A technical fault in high transmission line has caused suspension of power supply to 15 districts of Balochistan on Sunday. Quetta Electric Supply Company sources confirmed that a technical fault in 220-KV high transmission line between Guddo and Sibi had
Published 07 Feb, 2011 12:00am
Widow of Lahore shooting victim commits suicide

Widow of Lahore shooting victim commits suicide

The widow of one of the deceased shot dead by the US citizen, Raymond Davis committed suicide by taking poisonous pills, a private television channel reported on Sunday. The report said Shumaila, widow of Faheem, took poisonous pills and was shifted to Al
Published 07 Feb, 2011 12:00am
Widow of Lahore shooting victim commits suicide

Widow of Lahore shooting victim commits suicide

The widow of one of the deceased shot dead by the US citizen, Raymond Davis committed suicide by taking poisonous pills, a private television channel reported on Sunday. The report said Shumaila, widow of Faheem, took poisonous pills and was shifted to Al
Published 07 Feb, 2011 12:00am
MONEY WEEK: Is external account a silver lining?

MONEY WEEK: Is external account a silver lining?

With inflation persistently in double digits amidst rising fiscal deficit, economic growth is being checked by and large. The only macroeconomic variable showing some sign of sanity is balance-of-payment - exports are growing at an expectedly higher pace,
Published 07 Feb, 2011 12:00am
MONEY WEEK: Is external account a silver lining?

MONEY WEEK: Is external account a silver lining?

With inflation persistently in double digits amidst rising fiscal deficit, economic growth is being checked by and large. The only macroeconomic variable showing some sign of sanity is balance-of-payment - exports are growing at an expectedly higher pace,
Published 07 Feb, 2011 12:00am
MONEY WEEK: Is external account a silver lining?

MONEY WEEK: Is external account a silver lining?

With inflation persistently in double digits amidst rising fiscal deficit, economic growth is being checked by and large. The only macroeconomic variable showing some sign of sanity is balance-of-payment - exports are growing at an expectedly higher pace,
Published 07 Feb, 2011 12:00am
Car bomb kills three

Car bomb kills three

A bomb planted in a car exploded Saturday killing three passengers and wounding two pedestrians in a Pakistani tribal area on the border with Afghanistan, officials said. The bomb, which was on a timer, exploded in a moving car at Barqambarkhel village in
Published 07 Feb, 2011 12:00am
Political unrest: exports to Tunisia, Egypt affected

Political unrest: exports to Tunisia, Egypt affected

Khawaja Muhammad Jalaluddin Roomi Chairman of All Pakistan Bedsheets & Upholstery manufacturers Association (APBUMA) expressed concerns over decline in textile products exports to Egypt and Tunisia due to the ongoing turmoil and political unrest in these
Published 07 Feb, 2011 12:00am
CJP spends busy day in India

CJP spends busy day in India

Chief Justice Iftikhar Muhammad Chaudhry, who is on a visit to India in connection with 17th Commonwealth Law Conference in Hyderabad (Dakhan), spent a busy day there. According to a release issued here, Justice Chaudhry participated in patron chief justi
Published 07 Feb, 2011 12:00am
Samjhota Express blasts: Pakistan regrets slow Indian investigation

Samjhota Express blasts: Pakistan regrets slow Indian investigation

Pakistan on Saturday termed it "unfortunate" that India has been unable to complete investigations into the Samjhota Express blasts, despite passage of four years. A Foreign Office Spokesman was responding to a question about the progress on the investiga
Published 07 Feb, 2011 12:00am
Seven die in Hyderabad accident

Seven die in Hyderabad accident

Seven persons were killed and eight others injured in a roadside accident at Tando Muhammed Khan Road near Hyderabad on early Saturday morning. Initial reports said that a passenger van overturned near Hyderabad when its driver could not control the overs
Published 07 Feb, 2011 12:00am
COAS meets Cameron, Karzai and German leadership

COAS meets Cameron, Karzai and German leadership

The Chief of Army Staff (COAS), General Ashfaq Parvez Kayani, who is on a visit to Germany, met on Saturday senior leadership of the Country and various other world leaders on the sidelines of Munich Security Conference.
Published 07 Feb, 2011 12:00am
Three injured in firing on ST's Eid-e-Milad-un-Nabi rally

Three injured in firing on ST's Eid-e-Milad-un-Nabi rally

At least three workers of Sunni Tehreek (ST) received bullets wounds when unidentified armed men fired multiple shots on the rally staged in the wake of Eid-e-Milad-un-Nabi at New Karachi. According to police, unknown armed men opened indiscriminate fire
Published 07 Feb, 2011 12:00am
Seven including woman killed in various incidents

Seven including woman killed in various incidents

At least seven people including a former worker of Muttahida Qaumi Movement (MQM) and a woman were killed in separate incidents in different areas of the metropolis on Saturday. According to police, a former activist of MQM was gunned down in Medina Colon
Published 07 Feb, 2011 12:00am
'World community should take notice of Indian atrocities'

'World community should take notice of Indian atrocities'

World community must take notice of the Indian atrocities and human rights violations in the Indian held Kashmir and support Kashmiris' struggle to attain thier right to self-determination. This was stated by Noor Muhammad Jadmani, Pakistan Ambassador in
Published 07 Feb, 2011 12:00am
18th Amendment: Gilani, Rabbani discuss progress

18th Amendment: Gilani, Rabbani discuss progress

Senator Mian Raza Rabbani, Advisor on Inter-Provincial Co-ordination and Chairman of the Implementation Commission called on Prime Minister Syed Yousuf Raza Gilani at Prime Minister House here on Sunday afternoon. The Prime Minister discussed with him the
Published 07 Feb, 2011 12:00am
Statement against Asma Jehangir: 'SCBA meeting on 11th to review matter'

Statement against Asma Jehangir: 'SCBA meeting on 11th to review matter'

A meeting of the executive committee of Supreme Court Bar Association (SCBA) will be held on February 11 in Lahore to finalise arrangements for the judicial conference to be held in Lahore on February 12. President SCBA, Asma Jehangir will preside over th
Published 07 Feb, 2011 12:00am
Cabinet's rightsizing after consultation with allied parties: Hoti

Cabinet's rightsizing after consultation with allied parties: Hoti

Khyber Pakhtunkhaw Chief Minister, Ameer Haider Khan Hoti said on Sunday that right sizing in provincial cabinet would take place after consultation with allied parties. The Chief Minister termed right sizing of federal government in the light of 18th ame
Published 07 Feb, 2011 12:00am
KP government for construction of water reservoirs

KP government for construction of water reservoirs

The Government of Khyber Pakthunkhwa has chalked out a comprehensive plan for constructing seven mega water projects in the province. Official sources told APP that it would generate 509 Mega Watt electricity and would irrigate thousands acres barren land
Published 07 Feb, 2011 12:00am
Ramday to retire on 19th as ad hoc judge of Supreme Court

Ramday to retire on 19th as ad hoc judge of Supreme Court

Justice Khalil-ur-Rehman Ramday, an ad hoc judge of the Supreme Court of Pakistan will retire on February 19 after completing one year period as ad hoc Judge of the apex court. According to record of the Supreme Court, Justice Khalil-ur-Rehman Ramday serv
Published 07 Feb, 2011 12:00am
PIA domestic, international flights to operate as per schedule

PIA domestic, international flights to operate as per schedule

All PIA domestic and international flights will operate according to schedule and there will not be any disruption of flights. This was announced by the PIA spokesman here on Sunday. The PIA spokesman maintained that 'rumours regarding any strike call are
Published 07 Feb, 2011 12:00am
Pakistan, Bhutan reaffirm resolve to deepen bilateral ties

Pakistan, Bhutan reaffirm resolve to deepen bilateral ties

Foreign Secretary Salman Bashir and Foreign Minister of Bhutan Lyonpo Khandu Wangchuk here on Sunday reaffirmed their resolve to further strengthen and deepen bilateral relations through closer interaction at government and people to people levels.
Published 07 Feb, 2011 12:00am
PTI takes out rally against Raymond

PTI takes out rally against Raymond

The Pakistan Tehreek-i-Insaf on Sunday staged a protest rally to urge the government for awarding exemplary punishment to Raymond Davis. The rally led by Ejaz Janjua started from Nawan Shehr Chowk and culminated at local Press Club. The demonstrators were
Published 07 Feb, 2011 12:00am
Close contest likely between PPP, JUI-F in Tank by-polls

Close contest likely between PPP, JUI-F in Tank by-polls

The election campaign for the by polls in PK-69 Tank has reached its peak with 31 candidates is in the run, including a female candidate Rahat Afshan. A tough contest is expected between PPP candidate Engineer Dawar Kundi and veteran politician Habibullah
Published 07 Feb, 2011 12:00am
PEF plan to expand TICSS programme

PEF plan to expand TICSS programme

The Punjab Education Foundation (PEF) has planned to expand the Teaching in Clusters by Subject Specialists (TICSS) programme in all the 36 districts of the province. The decision has been taken keeping in view the success of TICSS programme in educating
Published 07 Feb, 2011 12:00am
Workshop on endourology to begin from February 18

Workshop on endourology to begin from February 18

Two-day workshop on endourology would be held from 18th of this month organised by Postgraduate Medical Institute at the Lahore General Hospital. The postgraduate urologists (FCPS and MS Urology) from all over the country would participate in the workshop
Published 07 Feb, 2011 12:00am
'CCTV to be installed at district courts'

'CCTV to be installed at district courts'

In a bid to further beef up security arrangements, Close Circuit TVs (CCTVs) will be installed in and around all the district courts in Rawalpindi Division.
Published 07 Feb, 2011 12:00am
IHC's three benches for next week

IHC's three benches for next week

Chief Justice of Islamabad High Court (IHC) Iqbal Hameed-ur-Rehman has constituted three benches, including a divisional bench, to hear a number of cases from next week starting from February 7. The first bench comprises the Chief Justice , second bench J
Published 07 Feb, 2011 12:00am
Americans have established states within Pakistan: JI

Americans have established states within Pakistan: JI

The Americans have established several states within the state of Pakistan, the US Embassy and the US Consulates are subversion camps and the masterminds sitting there are threats to Pakistan's solidarity and responsible for the terrorist activities in th
Published 07 Feb, 2011 12:00am
Chief minister Punjab pays rich tributes to Maulana Ashrafi

Chief minister Punjab pays rich tributes to Maulana Ashrafi

Punjab Chief Minister, Shahbaz Sharif went to Jamia Ashrafia here Sunday and expressed his condolence on the death of Maulana Abdul Rehman Ashrafi, Administrator of Jamia. Chief Minister also offered Fateha for the departed soul. Members Provincial Assemb
Published 07 Feb, 2011 12:00am
CJP constitutes four benches for next week

CJP constitutes four benches for next week

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted four benches including two four-member benches at the Principal seat to hear a number of important cases in the next week starting from February 7.
Published 07 Feb, 2011 12:00am
Thousands rally against attacks on shrines

Thousands rally against attacks on shrines

Thousands of followers of Sufi Islam staged a rally in Lahore on Sunday to condemn militancy and attacks on shrines, police said. "More than 10,000 people participated in the rally," senior police officer Mustansar Bajwa told AFP. Chanting slogans against
Published 07 Feb, 2011 12:00am
First livestock, dairy expo opens today

First livestock, dairy expo opens today

All the arrangements have been finalised to hold the first ever two-day Sindh Livestock, Dairy, Fisheries and Poultry Expo at Karachi Expo Centre on Monday (February 7). Sindh Governor Dr Ishratul Ibad Khan will inaugurate the Expo on the first day while
Published 07 Feb, 2011 12:00am
Bat-winged drone bomber in test flight: US Navy

Bat-winged drone bomber in test flight: US Navy

A robotic, bat-winged bomber designed to take off from a US aircraft carrier has passed its first test in a debut flight in California, the US Navy said Saturday. The X-47B jet, which looks like a smaller version of the B-2 stealth bomber, stayed in the a
Published 07 Feb, 2011 12:00am
Israeli woman pleads guilty to leaking army secrets

Israeli woman pleads guilty to leaking army secrets

A Tel Aviv court on Sunday convicted a young Israeli woman of leaking classified military documents, but dropped espionage charges as part of a plea-bargain agreement, media reports said. Anat Kam, who is in her 20s, was convicted on charges of illegal po
Published 07 Feb, 2011 12:00am
UN rights chief starts trip to Israel and Palestinians

UN rights chief starts trip to Israel and Palestinians

United Nations human rights chief Navi Pillay arrived in Israel on Sunday for talks with Israeli and Palestinian leaders, UN officials said. Her office said the UN high commissioner for human rights would visit Israel, the Gaza Strip and the West Bank unt
Published 07 Feb, 2011 12:00am
Young Kuwaitis call for anti-government protest

Young Kuwaitis call for anti-government protest

A Kuwaiti youth group called Sunday for a mass rally outside parliament on Tuesday to protest the government's "undemocratic practices" and to press for its ouster.
Published 07 Feb, 2011 12:00am
Kuwaiti interior minister steps down

Kuwaiti interior minister steps down

Kuwait says it's replacing the country's embattled interior minister with a relative of the Gulf nation's ruler. The statement on the official news agency KUNA could signal an attempt to weaken calls for street protests Tuesday inspired by uprisings in Tu
Published 07 Feb, 2011 12:00am
Embattled Australia hit by fires

Embattled Australia hit by fires

Wildfires destroyed homes and flooding claimed the life of a man in embattled Australia on Sunday, as officials warned that last week's monster cyclone would compound economic woes. Three major fires razed properties around the west coast city of Perth, a
Published 07 Feb, 2011 12:00am
Asia faces climate-induced migration 'crisis'

Asia faces climate-induced migration 'crisis'

Asia must prepare for millions of people to flee their homes to safer havens within countries and across borders as weather patterns become more extreme, the Asian Development Bank warns. A draft of an ADB report obtained by AFP over the weekend and confi
Published 07 Feb, 2011 12:00am
Indian navy captures 28 pirates

Indian navy captures 28 pirates

The Indian navy on Sunday captured 28 suspected Somali pirates from a Thai fishing vessel after a brief exchange of gunfire in the Indian Ocean, an official said. The navy struck as the pirates prepared to attack a Greek-flagged merchant ship, said Captai
Published 07 Feb, 2011 12:00am
Afghan progress on track: Cameron

Afghan progress on track: Cameron

British Prime Minister David Cameron on Sunday said coalition forces were making steady progress in improving security in Afghanistan and were on track to leave the country by 2015. "I do think we've made progress," Cameron told CNN, adding that ensuring
Published 07 Feb, 2011 12:00am
Turkey's Prime Minister praises growing ties with Syria

Turkey's Prime Minister praises growing ties with Syria

Turkey's prime minister on Sunday praised booming ties with one-time foe Syria, saying that a joint dam project at the border between the two neighbours would further strengthen co-operation.
Published 07 Feb, 2011 12:00am
South Sudan mutiny death toll hits 50

South Sudan mutiny death toll hits 50

At least 50 people were killed in fighting in south Sudan's Upper Nile state, more than double an earlier toll for the revolt by militiamen refusing to turn in heavy weapons, officials said Sunday. Thirty people died in the remote but key oil-producing ar
Published 07 Feb, 2011 12:00am
South Sudan mulls new capital

South Sudan mulls new capital

South Sudanese leaders said on Sunday they were considering building a new capital after their expected independence as the current hub Juba lacked infrastructure and space for new business.
Published 07 Feb, 2011 12:00am
Fearful Russian lawmaker flees to US

Fearful Russian lawmaker flees to US

A wealthy Russian lawmaker has fled with his family to the United States, saying he fears assassination over accusations that some of Russia's richest and most influential people swindled him in a real estate deal. Back home, he's been charged with financ
Published 07 Feb, 2011 12:00am
One million Sri Lankans hit by floods, 14 dead

One million Sri Lankans hit by floods, 14 dead

Sri Lanka's monsoon rains spread to more villages and towns on Sunday, leaving at least 14 people dead and more than one million with flooded homes, officials said. The number of people in state-run shelters rose to 236,000 by Saturday evening, the Disast
Published 07 Feb, 2011 12:00am
US 'spies' put on trial in Iran

US 'spies' put on trial in Iran

The delayed trial of three Americans detained in Iran on spying charges held its first session on Sunday, more than 18 months after their arrest on the unmarked border with Iraq during a hiking trip. The prosecution of Sarah Shourd, Shane Bauer and Josh F
Published 07 Feb, 2011 12:00am
Egypt pound ends down 1.3 percent

Egypt pound ends down 1.3 percent

The Egyptian pound fell on Sunday when trade resumed after a week-long suspension due to political unrest, but the drop was less sharp than many traders had feared as the central bank appeared to support the currency.
Published 07 Feb, 2011 12:00am
Global Markets Weekahead: investors looking beyond Egypt

Global Markets Weekahead: investors looking beyond Egypt

Financial market wobbles caused by turmoil in the Middle East have done little to stop investors positioning themselves for a further rally in stocks and other riskier assets as economic growth accelerates around the world.
Published 07 Feb, 2011 12:00am
Hot money flees Turkey's lira but no wider rout

Hot money flees Turkey's lira but no wider rout

Seven weeks since starting its offensive against inflows of hot money, Turkey's central bank looks to be winning the battle. Interest rate cuts have sent foreign buyers into retreat, weakening the lira by some 6 percent since the bank launched its bold ne
Published 07 Feb, 2011 12:00am
Euro seen weakening as debt crisis weighs

Euro seen weakening as debt crisis weighs

The euro will lose most of the ground it has recently made against the dollar in the coming year, despite expectations for a rate rise from the European Central Bank, a Reuters poll of foreign exchange strategists showed.
Published 07 Feb, 2011 12:00am
Euro seen weakening as debt crisis weighs

Euro seen weakening as debt crisis weighs

The euro will lose most of the ground it has recently made against the dollar in the coming year, despite expectations for a rate rise from the European Central Bank, a Reuters poll of foreign exchange strategists showed.
Published 07 Feb, 2011 12:00am
British market awaits earnings, rate call, Egypt news

British market awaits earnings, rate call, Egypt news

Major company earnings, a Bank of England rate decision and unrest in Egypt will occupy the attention of London stock market investors next week, according to analysts. London's FTSE 100 index jumped 1.97 percent over the past week to finish at 5,997.38 p
Published 07 Feb, 2011 12:00am
Zloty seen up five percent

Zloty seen up five percent

Economic growth and rising interest rates are expected to boost Poland's zloty by 5 percent in the next 12 months, leading a rise in central European currencies, a Reuters poll of 40 analysts showed on Wednesday.
Published 07 Feb, 2011 12:00am
Wall Street Weekahead: market could rally on earnings, technicals

Wall Street Weekahead: market could rally on earnings, technicals

With earnings continuing to surprise on the upside and minimal technical resistance ahead, the bears may have to wait a bit longer for the much-anticipated end to the current stock rally. The VIX, a gauge of investor anxiety, dropped this week despite unr
Published 07 Feb, 2011 12:00am
Japan shares may see profit-taking next week

Japan shares may see profit-taking next week

Japanese shares may succumb to profit-taking next week following strong gains on a slew of positive earnings reports and news of a major steel industry merger plan, dealers said Friday. In the week to February 4, the benchmark Nikkei index at the Tokyo St
Published 07 Feb, 2011 12:00am
Strong Swiss franc to squeeze 2011 earnings

Strong Swiss franc to squeeze 2011 earnings

The Swiss franc's iron strength is set to have a greater adverse impact than expected on the 2011 results of companies reporting in the currency, with some bears predicting earnings growth will be half that forecast.
Published 07 Feb, 2011 12:00am
Yen to weaken versus dollar

Yen to weaken versus dollar

The yen is expected to weaken against the dollar by year-end, driven by improving US news but also held back by Japanese policymakers who are determined to prevent the yen from rising sharply. For now, investors seem to be taking a wait-and-see stance on
Published 07 Feb, 2011 12:00am
Bangladeshis protest over another big market fall

Bangladeshis protest over another big market fall

Angry investors took to the streets of the Bangladeshi capital on Sunday after the stock exchange suffered another dramatic fall, the latest of a series of collapses that forced halts in trading several times last month. The benchmark Dhaka Stock Exchange
Published 07 Feb, 2011 12:00am
Yemen, India's BHEL in deal for $393 million power plant

Yemen, India's BHEL in deal for $393 million power plant

Yemen signed an agreement with India's Bharat Heavy Electricals on Sunday for a $392.7 million power plant in the Arab country, the Yemeni state news agency Saba said. The 400-megawatt gas-powered project in Maarib province is funded by the Saudi Fund for
Published 07 Feb, 2011 12:00am
UBS cuts bonus pool for 2010 to $4.5 billion

UBS cuts bonus pool for 2010 to $4.5 billion

Swiss bank UBS AG will pay out less money in form of bonuses in 2010 than in the previous year, Swiss weekly Sonntag reported on Sunday. UBS's total bonus pool for its some 65,000 employees would amount to 4.3 billion Swiss francs ($4.5 billion), compared
Published 07 Feb, 2011 12:00am
Volkswagen to create 40,000 jobs

Volkswagen to create 40,000 jobs

Germany's Volkswagen, Europe's biggest automaker, plans to boost its workforce from 250,000 to 290,000 by 2018, with most of the new jobs to be created in China, the German auto weekly Woche reported Sunday. Citing internal and confidential documents, the
Published 07 Feb, 2011 12:00am
Egypt unrest may push oil above $110: Kuwait

Egypt unrest may push oil above $110: Kuwait

Global oil prices could exceed $110 a barrel if political unrest in Egypt continues, a member of Kuwait's Supreme Petroleum Council said on Sunday. Oil prices have spiked due to tension in Egypt. Brent crude hit $100 per barrel for the first time since 20
Published 07 Feb, 2011 12:00am
No need for Opec meeting even for $120 oil: Iran

No need for Opec meeting even for $120 oil: Iran

Iran's oil minister said on Sunday there would be no need for an emergency Opec meeting even if the oil price hits $120 per barrel, the semi-official Mehr news agency reported.
Published 07 Feb, 2011 12:00am
OECD wants more Swiss help in tax cheat hunt

OECD wants more Swiss help in tax cheat hunt

The Organisation for Economic Co-operation and Development (OECD) wants Switzerland to make the international hunt for tax evaders easier, a Swiss newspaper reported on Sunday.
Published 07 Feb, 2011 12:00am
Airlines oppose sale of UK air traffic control

Airlines oppose sale of UK air traffic control

British airlines do not want the government to reduce its dominant stake in the country's air-traffic control system below 25 percent, the Observer newspaper said on Sunday. The government is considering reducing its 49 percent stake in the air-traffic co
Published 07 Feb, 2011 12:00am
Deal signed to supply Iran fuel to Afghanistan

Deal signed to supply Iran fuel to Afghanistan

Iran said on Sunday it has reached an agreement with Afghanistan to supply it with Iranian fuel and that it has started delivering the products to the neighbour's private sector. Oil Minister Masoud Mirkazemi said "Afghanistan's private sector buys all it
Published 07 Feb, 2011 12:00am
Japanese bank sells $100 million in Dubai World debt

Japanese bank sells $100 million in Dubai World debt

A Japanese bank agreed to sell $100 million of loans related to Dubai World [DBWLD.UL] before completion of the state-owned entity's debt restructuring plan, a newspaper reported on Sunday.
Published 07 Feb, 2011 12:00am
Qatar slaps conventional banks with Islamic units ban

Qatar slaps conventional banks with Islamic units ban

Qatar's central bank asked conventional lenders to close down their Islamic operations amid worries of overlap between the two, banking sources said on Sunday, in a surprise move seen prompting other regions to follow suit. The central bank issued a circu
Published 07 Feb, 2011 12:00am
Obama budget director offers clues to some cuts

Obama budget director offers clues to some cuts

The White House budget director offered clues on Sunday to some cuts that President Barack Obama will offer in his fiscal 2012 budget proposal to answer Republican demands for deep spending reductions.
Published 07 Feb, 2011 12:00am
Romania strikes fresh two-year deal with IMF

Romania strikes fresh two-year deal with IMF

Romania agreed a new two-year deal with the International Monetary Fund and other lenders, its President Traian Basescu said on Sunday, reassuring investors it is still committed to fiscal reform.
Published 07 Feb, 2011 12:00am
Cameron rules out big tax cuts at budget

Cameron rules out big tax cuts at budget

Prime Minister David Cameron ruled out big tax cuts at next month's budget, confirming in a Sunday newspaper interview that his focus remained on reducing Britain's budget deficit. Cameron's Conservative party and their Liberal Democrat allies set out a f
Published 07 Feb, 2011 12:00am
China, Japan, South Korea to sign investment accord

China, Japan, South Korea to sign investment accord

China, Japan and South Korea will sign a treaty in May to boost cross-border investment and better protect intellectual property, a report said Sunday. The deal is expected to be sealed when leaders of the three countries meet in Tokyo, four years after n
Published 07 Feb, 2011 12:00am
ICC hopes bans will stave off corruption

ICC hopes bans will stave off corruption

The bans given to Pakistan trio Salman Butt, Mohammad Asif and Mohammad Amir for spot-fixing "will act as a strong deterrent" to others from corrupting the sport, the International Cricket Council (ICC) said on Sunday. The trio were found guilty of corrup
Published 07 Feb, 2011 12:00am
Salman Butt disappointed over ICC decision

Salman Butt disappointed over ICC decision

Former skipper of Pakistan cricket team Salman Butt who was banned for 10-year by an anti-corruption tribunal of the ICC alongwith two other Pakistani players, said on his return to the country that he was disappointed with the ICC decision and would chal
Published 07 Feb, 2011 12:00am
Strauss welcomes Pakistan trio bans

Strauss welcomes Pakistan trio bans

England cricket captain Andrew Strauss on Sunday welcomed lengthy bans handed down to three Pakistan players by an anti-corruption tribunal. The International Cricket Council (ICC) banned former Pakistan captain Salman Butt for 10 years, seamer Mohammad A
Published 07 Feb, 2011 12:00am
UK weighs special unit to combat Olympics bad news

UK weighs special unit to combat Olympics bad news

Britain's Foreign Office should set up a special unit ahead of the 2012 Olympics to rebuff or correct negative stories which could damage the country's reputation, lawmakers said on Sunday. It should also try to cash in on the Games in London by simultane
Published 07 Feb, 2011 12:00am
Shoaib Bokhari shines in golf tournament

Shoaib Bokhari shines in golf tournament

In the 18 holes, 5th InfoTech Golf Tournament contested at par 72 Royal Palm Golf Course, out of 91 ardent golf competitors it was Shoaib Bokhari who played sound golf for an outward half of 36 and inward half of 37 to settle the issue in his favour and t
Published 07 Feb, 2011 12:00am
Winter Asian Games close with hosts dominant

Winter Asian Games close with hosts dominant

Hosts Kazakhstan underlined their supremacy on the closing day of the Asian Winter Games on Sunday by winning four more gold medals to finish top of the medals table. Kazakhstan were comfortably the most successful country at the event, having collected 3
Published 07 Feb, 2011 12:00am
Imran 'genuinely upset' by trio's ban

Imran 'genuinely upset' by trio's ban

Legendary all-rounder Imran Khan on Sunday said he felt "genuinely upset" at the lengthy bans given to three Pakistani cricketers for spot-fixing, but said punishments were necessary for the sake of the game in Pakistan.
Published 07 Feb, 2011 12:00am
Sri Lanka bans laundry near World Cup venue

Sri Lanka bans laundry near World Cup venue

Sri Lanka has banned people from hanging their washing out to dry near a cricket ground in Colombo where World Cup games will be played, a news report said Sunday. Residents and shop owners around the R. Premadasa Stadium, which will host seven matches, w
Published 07 Feb, 2011 12:00am
Pakistan football team leave for Thailand

Pakistan football team leave for Thailand

Pakistan football team has left for Bangkok to play three warm up matches and U-23 international friendly tie during the two-week Camp from 7-20 February.
Published 07 Feb, 2011 12:00am
Mendis, Perera fire Sri Lanka to series win

Mendis, Perera fire Sri Lanka to series win

Ajantha Mendis and Thisara Perera shared seven wickets as Sri Lanka posted a 26-run win over the West Indies in the third one-day international on Sunday to clinch the series 2-0.
Published 07 Feb, 2011 12:00am
Australia thump England 6-1 in ODI series

Australia thump England 6-1 in ODI series

Australia wrapped up an emphatic 6-1 series win over a weary England with a comprehensive 57-run win in the seventh and final one-day international at the WACA Ground in Perth on Sunday. The home side made 279-7 after winning the toss, and in reply Englan
Published 07 Feb, 2011 12:00am
Britain weighs special unit to combat Olympics bad news

Britain weighs special unit to combat Olympics bad news

Britain's Foreign Office should set up a special unit ahead of the 2012 Olympics to rebuff or correct negative stories which could damage the country's reputation, lawmakers said on Sunday. It should also try to cash in on the Games in London by simultane
Published 07 Feb, 2011 12:00am
Torres debut ends in defeat by Liverpool

Torres debut ends in defeat by Liverpool

Fernando Torres's Chelsea debut ended in misery when his team lost 1-0 at home to Liverpool on Sunday, wasting the chance to take advantage of Manchester United's first league defeat of the season.
Published 07 Feb, 2011 12:00am
If not Egypt, what will stop risk asset rally?

If not Egypt, what will stop risk asset rally?

Anti-government protests in Egypt gave financial markets a brief scare last week, but investors' sudden taste for safe-haven Treasury debt didn't last long. The US stock market hardly skipped a beat, either. Just days after plunging on the Egypt unrest, t
Published 07 Feb, 2011 12:00am
Kenya Airways to expand African routes

Kenya Airways to expand African routes

Kenya's national carrier plans a three-pronged expansion this year on its African routes, a senior official said. Kenya Airways Chief Operating Officer Bram Stellar said the three-way strategy will involve the company - which dominates pan-African air spa
Published 07 Feb, 2011 12:00am
GM considers new plants in China this year

GM considers new plants in China this year

General Motors, the top US automaker, is considering adding new plants in China in 2011 and after, a senior executive said on February 01, as it moves to meet steady demand in the world's top auto market.
Published 07 Feb, 2011 12:00am
Barclays chief in line for £9 million bonus: report

Barclays chief in line for £9 million bonus: report

The head of Barclays bank, Bob Diamond, is set to receive a bonus of more than £9 million ($14.5 million, 10.7 million euros) this year, it was reported on February 04. Sky News said members of the British bank's remuneration committee had discussed the p
Published 07 Feb, 2011 12:00am
New York Times net profit dips 26 percent

New York Times net profit dips 26 percent

The New York Times Co on February 03 reported a 26-percent drop in quarterly net profit as an increase in digital advertising revenue failed to make up for what it lost in print ads and circulation.
Published 07 Feb, 2011 12:00am
New York Times net profit dips 26 percent

New York Times net profit dips 26 percent

The New York Times Co on February 03 reported a 26-percent drop in quarterly net profit as an increase in digital advertising revenue failed to make up for what it lost in print ads and circulation.
Published 07 Feb, 2011 12:00am
LG plans European mobile swipe payment system

LG plans European mobile swipe payment system

LG Electronics plans to launch a swipe payment system for product and service retailers in Europe next year, which would allow consumers to make payments at the check-out using their smartphones.
Published 07 Feb, 2011 12:00am
Arab Bank 2010 net profit falls

Arab Bank 2010 net profit falls

Arab Bank's 2010 net profit fell 53 percent to $251 million after it set aside hefty provisions for bad loans for a second consecutive year. Arab Bank, one of the Middle East's major financial institutions, put aside $178 million in provisions for non-per
Published 07 Feb, 2011 12:00am
Russell Investments eyes 50 percent rise in Gulf business

Russell Investments eyes 50 percent rise in Gulf business

US fund manager Russell Investments expects to grow its business in the Gulf by 50 percent in 2011 by targeting the region's sophisticated investors such as sovereign wealth funds and pension firms.
Published 07 Feb, 2011 12:00am
Russell Investments eyes 50 percent rise in Gulf business

Russell Investments eyes 50 percent rise in Gulf business

US fund manager Russell Investments expects to grow its business in the Gulf by 50 percent in 2011 by targeting the region's sophisticated investors such as sovereign wealth funds and pension firms.
Published 07 Feb, 2011 12:00am
New laser shows unique images of viruses

New laser shows unique images of viruses

A laser that delivers intense ultra-short X-ray pulses can create images of intact viruses, single-cell organisms and bacteria, providing researchers with a revolutionary tool, Nature reported on February 3. The technique, using a so-called free-electron
Published 07 Feb, 2011 12:00am
Website helps Chinese-Americans find mates

Website helps Chinese-Americans find mates

Chinese singles in the United States now have an online match-making service to help them find love and marriage with others that share their culture and values. The website 2RedBeans.com was open to the public on February 1 as a "place for Chinese single
Published 07 Feb, 2011 12:00am
Induction charging pad for Apple's Magic Mouse

Induction charging pad for Apple's Magic Mouse

Users of Apple's wireless Magic Mouse have to date been at the mercy of their batteries. A spare set always had to be kept on hand in case they ran down. Mobee Magic Charger promises a different approach. The pad can charge the mouse via an induction proc
Published 07 Feb, 2011 12:00am
Improve security with good password manager

Improve security with good password manager

Have trouble remembering your passwords, or do you use the same password for everything? Either situation is risky. Avoid password hassles - and improve your security at the same time - with a good password manager.
Published 07 Feb, 2011 12:00am
Free photo editing from Magix

Free photo editing from Magix

Retouching, brightening, colour adjustments, sharpening focus: these are among the functions available in Foto Designer 7, a new photo editing programme from Magix. The free software can also crop, rotate or reverse pictures. A wizard helps remove disrupt
Published 07 Feb, 2011 12:00am
Website to deliver message in future

Website to deliver message in future

If you could write an email to be delivered to yourself five years from today, what would you say? Think carefully and then head over to Futureme.org (http:// www.futureme.org) to start composing. This novel website will deliver your message to yourself o
Published 07 Feb, 2011 12:00am
Google shows off Honeycomb version of Android operating system

Google shows off Honeycomb version of Android operating system

Google on February 2 provided a glimpse at tablet computer software crafted to dethrone the iPad and courted developers key to the success of Apple gadgets. Google showed off a Honeycomb version of its Android operating system that debuted on the Motorola
Published 07 Feb, 2011 12:00am
Google jumps into location check-in game

Google jumps into location check-in game

Google on February 1 began letting smartphone users check into spots on the go as the Internet star jumped into the hot location-based services arena with Facebook, Foursquare and Gowalla. The check-in feature was added to a Latitude service that lets peo
Published 07 Feb, 2011 12:00am
Mobile phone power packs: A wall socket to take with you

Mobile phone power packs: A wall socket to take with you

Most people charge their mobile phone using the power cord that came with it. Yet we've all encountered situations where there's no socket within reach. Power packs are the solution. Yet the external batteries in power packs don't always achieve everythin
Published 07 Feb, 2011 12:00am
IBM touts social skills on RIM's PlayBook

IBM touts social skills on RIM's PlayBook

IBM wants to dislodge Microsoft's desktop-bound business software by touting an update of its Lotus programmes designed to harness the mobility and collaboration possible with cloud computing.
Published 07 Feb, 2011 12:00am
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