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Archive - 2011-02-25
PML-N, PPP paths separate: Nawaz
Top News

PML-N, PPP paths separate: Nawaz

KARACHI: PML-N chief Nawaz Sharif has said that the path of his party and the PPP are separate from now on Aaj TV repo
Published 25 Feb, 2011 06:10pm
Qadhafi says 'we will beat them'
Top News

Qadhafi says 'we will beat them'

TRIPOLI: An embattled Moamer Qadhafi addressed a crowd in Tripoli on Friday shouting "we will fight them and we will bea
Published 25 Feb, 2011 06:07pm
European markets close higher
Financial

European markets close higher

LONDON: European stock markets closed higher on Friday in a technical rebound boosted by better-than-expected US consume
Published 25 Feb, 2011 05:51pm
China to invest $2.5bn in Iran oilfield
Top News

China to invest $2.5bn in Iran oilfield

TEHRAN: China is to invest $2.5 billion (1.81 billion euros) in developing Iran's South Azadegan oilfield that straddles
Published 25 Feb, 2011 05:18pm
KSE down 3.5pc on foreign selling
Top News

KSE down 3.5pc on foreign selling

KARACHI: Karachi Stock Exchange (KSE) on Friday tumbled by more than 3.5 percent on foreign selling and political uncert
Published 25 Feb, 2011 04:06pm
India hikes railway spending 40pc
Top News

India hikes railway spending 40pc

NEW DELHI: India's railways minister announced a nearly 40 percent hike in the financial allocation for Indian Railways
Published 25 Feb, 2011 03:36pm
FESCO shutdown notice
Markets

FESCO shutdown notice

FAISALABAD: The Faisalabad Electric Supply Company (FESCO) has issued shutdown programme for necessary repair, maintenan
Published 25 Feb, 2011 03:30pm
UAE group keen to purchase rice
Top News

UAE group keen to purchase rice

KARACHI: Faisal Ali Mousa (FAM) Holding of UAE is keen to purchase rice and building material including cement, marble a
Published 25 Feb, 2011 02:55pm
LSE-25 index sheds 113.01 points
Top News

LSE-25 index sheds 113.01 points

LAHORE: The Lahore Stock Market on Friday witnessed a bearish trend as LSE-25 index dipped 113.01 points to close at 328
Published 25 Feb, 2011 02:41pm
SSGC reports record profits
Top News

SSGC reports record profits

KARACHI: Sui Southern Gas Company (SSGC) has posted a record profit after tax of Rs 2.113 billion during the half year e
Published 25 Feb, 2011 02:35pm
Nato offers to help Libya evacuations
Top News

Nato offers to help Libya evacuations

GODOLLO: Nato's chief called an emergency alliance meeting on Libya on Friday and offered to help Europe bring home thou
Published 25 Feb, 2011 10:41am
PM assures dialogue with unarmed tribals
Top News

PM assures dialogue with unarmed tribals

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani on Friday reiterated the government's resolve to continue pursuing 3Ds
Published 25 Feb, 2011 10:41am
Pakistan meat export up by 15pc
Top News

Pakistan meat export up by 15pc

ISLAMABAD: Pakistan has exported 153,543 animals during the current fiscal year thus increasing the country's meat expor
Published 25 Feb, 2011 10:17am
Kadhafi raises the spectre of Al-Qaeda
Top News

Kadhafi raises the spectre of Al-Qaeda

NICOSIA: Al Qaeda was noticeable by its silence when the revolts in Tunisia and Egypt ousted Zine El Abidine Ben Ali and
Published 25 Feb, 2011 05:58am
PTCL: Down but not out!
BR Research

PTCL: Down but not out!

If reports of the Presidents collection call to the UAE are true, the timing was remarkable. Media sources quote the head of state making a
Published 25 Feb, 2011 12:00am
Nutritious potential
BR Research

Nutritious potential

Theres a reason why Maslow placed food at the very base of his hierarchical pyramid - its essential for an individuals survival. And its thi
Published 25 Feb, 2011 12:00am
Child Protection Bureau to become operational next month

Child Protection Bureau to become operational next month

Street children, those living in jails with their imprisoned mothers and all other vulnerable to any kind of abuse could now, with the help of judiciary, be kept under protected custody of the provincial government at Child Protection Institutions being e
Published 25 Feb, 2011 12:00am
PML-N decides to open doors for run-away Muslim Leaguers

PML-N decides to open doors for run-away Muslim Leaguers

Pakistan Muslim League-Nawaz Quaid Nawaz Sharif has decided in principle to open his party's doors to the run away Muslim Leaguers except for Chaudhry's of Gujrat. "Anyone who had to leave the party during Musharraf era due to coercion and threats of all
Published 25 Feb, 2011 12:00am
'Steps taken for welfare of doctors, nurses, others'

'Steps taken for welfare of doctors, nurses, others'

Chief Minister Punjab Shahbaz Sharif has taken concrete steps for the development and welfare of the doctors, nurses and other officials working in health sector and the health department has regularised the services of about 5000 doctors besides promotin
Published 25 Feb, 2011 12:00am
Moonis says he will prove his innocence

Moonis says he will prove his innocence

Pakistan Muslim League-Q leader, Chaudhry Moonis Elahi on Thursday said he was implicated in the NICL case due to political opposition and he would prove his innocence in the court. "We have faith in judiciary and we will prove our innocence in the NICL c
Published 25 Feb, 2011 12:00am
'All-out efforts being made to promote technical education'

'All-out efforts being made to promote technical education'

Federal Secretary for Labour and Manpower Arif Azim has said that the government is making all out efforts to promote technical education in the country and to achieve the goal it is focusing on Skill Development Council (SDC) by appointing technically st
Published 25 Feb, 2011 12:00am
FBR assures redressal of traders' grievances

FBR assures redressal of traders' grievances

Chief Collector Customs (North), Aftab Alam Baloch has assured the immediate redressal of the complaints and grievances and provision of all possible facilities to Afghan Transit Trade related businessmen. Talking to a delegation of Afghan Transit Trade G
Published 25 Feb, 2011 12:00am
CIA police nab 95 suspects

CIA police nab 95 suspects

Crime Investigation Agency (CIA) Police Islamabad during the last 45 days have resolved mystery of two blind murders, nabbed 95 accused, busted five notorious gangs and seized illegal arms, drugs and stolen valuables worth Rs 5 million, said Naeem Iqbal,
Published 25 Feb, 2011 12:00am
Blast damages railway tracks

Blast damages railway tracks

A bomb blast damaged railway tracks in Dalbandin area, on Thursday. "Unknown men have attached explosive material with railway tracks in Dalbandin area," Levies sources said adding that the explosive devise was detonated with remote control when a Taftan
Published 25 Feb, 2011 12:00am
Police arrest 10 outlaws; recover car, seize drugs

Police arrest 10 outlaws; recover car, seize drugs

Islamabad Police during a special crackdown against anti-social elements arrested 10 outlaws and recovered one stolen car, drugs, valuables worth hundreds of thousands of rupees from them, said a spokesman of Islamabad Police here on Thursday.
Published 25 Feb, 2011 12:00am
Investors to be provided protection: Ibad

Investors to be provided protection: Ibad

In the prevailing situation, the prime responsibility of the government is to provide protection to the foreign and domestic investors. This was stated by the Sindh Governor, Dr Ishratul Ibad Khan, here on Thursday. He was talking to a delegation of trade
Published 25 Feb, 2011 12:00am
Suspected TTP activist arrested

Suspected TTP activist arrested

Special Investigation Unit (SIU) of Sindh police on Thursday claimed to have arrested a suspected member of banned outfit Tehrik-e-Taliban Pakistan (TTP) at Landhi and recovered weapon from his possession. According to details, the suspect, who was identi
Published 25 Feb, 2011 12:00am
Pacra upgrades NML entity ratings

Pacra upgrades NML entity ratings

The Pakistan Credit Rating Agency (Pacra) has upgraded the long-term and short-term entity ratings of Nishat Mills Limited (NML) to AA- (double A minus) and A1+ (A one plus), respectively. The ratings denote a very low expectation of credit risk.
Published 25 Feb, 2011 12:00am
Pacra upgrades NML entity ratings

Pacra upgrades NML entity ratings

The Pakistan Credit Rating Agency (Pacra) has upgraded the long-term and short-term entity ratings of Nishat Mills Limited (NML) to AA- (double A minus) and A1+ (A one plus), respectively. The ratings denote a very low expectation of credit risk.
Published 25 Feb, 2011 12:00am
BQATI team discusses law and order situation with DG Rangers

BQATI team discusses law and order situation with DG Rangers

The high level delegation of BQATI, Bin Qasim Association of Trade and Industry members held a detailed meeting with Mohammad Ejaz Chaudhry, Director General Rangers at his office to discuss increasing crimes, kidnapping, looting and the current situation
Published 25 Feb, 2011 12:00am
Workshop on eradication of polio held

Workshop on eradication of polio held

The District Administrator Matiari Saqib Ahmed Soomro has directed the officers concerned to put their resources in the place and maintain the status of Matiari as Polio free district. This he directed while presiding over one day workshop on eradication
Published 25 Feb, 2011 12:00am
MWPJO to launch website

MWPJO to launch website

The Media Women Publishers and Journalists Organisation (MWPJO) is launching it's website in a ceremony at the Arts Council on Saturday, according to the information provided by the organisation. The president MWPJO said that the facility of the website,
Published 25 Feb, 2011 12:00am
DPS students generate funds for disabled, underprivileged kids

DPS students generate funds for disabled, underprivileged kids

Students of Dawood Public School (DPS) A-level section who are registered on the Family Education Services Foundation (FESF), move programme took their first step by organising a bake-sale to collect funds for disabled and underprivileged children under t
Published 25 Feb, 2011 12:00am
Samsung announces new range of enterprise mobility solutions

Samsung announces new range of enterprise mobility solutions

Samsung Electronics Co Ltd, a leading mobile phone provider, on Thursday announced a new range of enterprise mobility solutions for its Smartphone and Smart Media Devices. Compatible with Samsung's new Galaxy S II and Galaxy Tab products, the move demonst
Published 25 Feb, 2011 12:00am
'PIAC suffers Rs 11.69 billion loss in first three quarters of 2010'

'PIAC suffers Rs 11.69 billion loss in first three quarters of 2010'

Minister for Defence Chaudhry Ahmad Mukhtar has said that Pakistan International Airlines Corporation (PIAC) suffered a total loss of Rs 67.31 billion till third quarter of last year after the deduction of taxes. During question-hour session of the Nation
Published 25 Feb, 2011 12:00am
Importance of effective criminal justice system highlighted

Importance of effective criminal justice system highlighted

Danish Ambassador to Pakistan, Uffe Wolffhechel, Head of United Nations Office on Drugs & Crime Pakistan (UNODC), Jeremy Douglas, visited a local police station in Nowshera Kalan damaged by the 2010 floods to highlight the importance of effective criminal
Published 25 Feb, 2011 12:00am
NHA plans to install ETTM system on highways

NHA plans to install ETTM system on highways

Minister for Communication Dr Arbab Alamgir Khan Thursday told the National Assembly that the National Highway Authority (NHA) has planned to install Electronic Toll and Traffic Management (ETTM) System on National Highways. During question-hour session o
Published 25 Feb, 2011 12:00am
SECP to take penal action against defaulter companies

SECP to take penal action against defaulter companies

The Securities and Exchange Commission of Pakistan (SECP) is about to take penal action against defaulter companies. According to a press release issued here on Thursday, the SECP's amnesty schemes of the Companies Regularisation Scheme (CRS) and the Comp
Published 25 Feb, 2011 12:00am
Gas, power management part of PPP-PML (N) dialogue: Prime Minister

Gas, power management part of PPP-PML (N) dialogue: Prime Minister

Prime Minister Yousuf Raza Gilani Thursday held out assurance to the National Assembly that the issues of natural gas supply to Punjab and other provinces would be resolved, as it is also part of the ongoing dialogue being held between the government and
Published 25 Feb, 2011 12:00am
Prices of 26 kitchen items

Prices of 26 kitchen items

Prices of 26 essential kitchen items including cooking oil/ghee, chicken, mutton and rice went up in February, as compared to January. According to Free and Fair Election Network's (FAFEN) price monitor for the month of February prices of 19 commodities d
Published 25 Feb, 2011 12:00am
CDA starts National Tree Plantation drive

CDA starts National Tree Plantation drive

The Capital Development Authority (CDA) has kicked off National Tree Plantation Drive in which it would plant 500,000 saplings to increase the green cover and preserve the green character of the Federal Capital. These 500,000 saplings would be planted in
Published 25 Feb, 2011 12:00am
All departments are corruption-riddled: Shoaib Suddle

All departments are corruption-riddled: Shoaib Suddle

Federal Tax Ombudsman (FTO), Dr Shoaib Suddle firmly believes that all the departments are corruption riddled, in some corruption is profound, while in others it is less visible. He appears determined to put a kibosh on corruption; concerted efforts are a
Published 25 Feb, 2011 12:00am
Fiscal deficit: agenda in extraordinary times

Fiscal deficit: agenda in extraordinary times

A top-line report in a reputable newspaper on 24th February, 2011 that President Zardari took an unannounced trip to Dubai for a couple of hours to seek the intervention of the UAE leadership for the payment of dollar 800 million that Etisalat owed to Isl
Published 25 Feb, 2011 12:00am
Political heat rising

Political heat rising

The deadline the PML-N had set for the implementation of its 10-point reform agenda that it had presented to the government has expired, without the two sides having reached a satisfactory conclusion. Going by the statements of PML-N leaders this could sp
Published 25 Feb, 2011 12:00am
Revenue mobilisation: Tax intelligence system

Revenue mobilisation: Tax intelligence system

Pakistan has constantly been grappling with the daunting task of raising revenues to overcome budgetary gap, which is going to cross Rs one trillion mark this year. The collection of taxes due from the rich and mighty is going to determine whether we will
Published 25 Feb, 2011 12:00am
Huge rice stockpiles make food crisis unlikely in Asia

Huge rice stockpiles make food crisis unlikely in Asia

Soaring food prices may have helped ignite the popular protests shaking Tunisia, Egypt and now Libya but no similar food shocks should be expected in rice-eating Asia, according to Food and Agriculture Organisation (FAO) experts.
Published 25 Feb, 2011 12:00am
Sugar production in Pakistan

Sugar production in Pakistan

Today, Pakistan has achieved the cultivation of 55 million tonnes of sugarcane, the primary raw material for producing sugar, and consequently, sugar production in 2011 crushing season is projected at 3.8 million tonnes. Production of sugar from sugar-bee
Published 25 Feb, 2011 12:00am
Where are we heading?

Where are we heading?

The poor people of Pakistan are crying and weeping and these scenes are shown by media day in and day out on TV screens which is due to inflation and unemployment. The ruling partnership of PPP and PML-N is undisturbed except trying to play here and there
Published 25 Feb, 2011 12:00am
US MIDDAY: gold falls back

US MIDDAY: gold falls back

Gold was little changed on Thursday, erasing early gains after a report that Saudi Arabia was in talks to boost crude output eased worries about soaring oil prices and escalating tensions in Libya. Saudi Arabia is in talks with European refiners affected
Published 25 Feb, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper snapped a three-day losing streak to end higher on Thursday, reacting to a weaker dollar and volatile crude oil prices, which eased back from an earlier spike above $100 a barrel.
Published 25 Feb, 2011 12:00am
US MIDDAY: grain futures lower

US MIDDAY: grain futures lower

Grain futures on the Chicago Board of Trade pushed lower on Thursday as investors resumed liquidation of long positions as turmoil in the Mideast and North Africa continued, traders said. Grains prices had rebounded late Wednesday, mostly on short-coverin
Published 25 Feb, 2011 12:00am
US MIDDAY: cocoa slips

US MIDDAY: cocoa slips

ICE cocoa futures closed quietly lower after building in a bit more of a risk premium and hitting a 32-year high on Thursday as tensions mounted over supplies from top producer Ivory Coast. Arabica coffee futures finished lower in its weakest two-day perf
Published 25 Feb, 2011 12:00am
Gold flat in Europe

Gold flat in Europe

Gold was flat on Thursday after sources said Saudi Arabia was able to boost crude output, easing from its highest in nearly two months on concerns about inflation after oil rose on unrest in oil-producer Libya. Violence in Libya, Africa's third-largest pr
Published 25 Feb, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold prices held steady just below a seven-week high on Thursday, as violence in Libya continued to buoy safe-haven demand in bullion and high oil prices, which have triggered inflation fears, also lent support. As many as 1,000 people may have been
Published 25 Feb, 2011 12:00am
US gold hits seven-week top

US gold hits seven-week top

Gold rose to its highest in more than seven weeks on Wednesday, closing in on record highs as escalating unrest in Libya and soaring crude oil prices fuelled fears of inflation and slower economic growth. Spot gold rose 0.7 percent to $1,408.80 an ounce b
Published 25 Feb, 2011 12:00am
Liffe cocoa ends lower

Liffe cocoa ends lower

Liffe May cocoa ended off 7 pounds at 2,350 pounds a tonne on Thursday after earlier hitting 2,368 pounds, the highest level for the benchmark second month since July 2010. Market focus remains on turmoil in top grower Ivory Coast as fighting erupted in t
Published 25 Feb, 2011 12:00am
Malaysian palm oil off three-month low

Malaysian palm oil off three-month low

Palm oil ended off three-month lows on Thursday with other vegetable oil markets limiting losses on surging crude oil although concerns lingered over Libyan unrest spreading and slowing economic growth. Palm oil hit its lowest since November 29 with much
Published 25 Feb, 2011 12:00am
US soyabeans end higher

US soyabeans end higher

US soyabean futures closed higher on Wednesday, buoyed by short-covering after a limit-down close on Tuesday, traders said. Commercials were cited as buyers, and even index funds were buyers by midday, they said. Expectations for potentially record low so
Published 25 Feb, 2011 12:00am
Tokyo futures hit three-week low

Tokyo futures hit three-week low

Tokyo rubber futures fell 1.7 percent on Thursday as investors continued to take profits from recent record highs, but tight supply and strong oil prices should provide support, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange f
Published 25 Feb, 2011 12:00am
Copper moves up

Copper moves up

Copper rose on Thursday as the dollar fell and after better-than-expected US jobless data, but concerns that high oil prices driven by violence in Libya could slow economic growth kept prices under pressure. Three-month copper on the London Metal Exchange
Published 25 Feb, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

London copper fell 1 percent on Thursday, reversing a similar rise early in the day, dipping to its lowest in nearly a month as pressure grew on base metals from the economic threat posed by surging oil prices. Shanghai's most active May copper contract f
Published 25 Feb, 2011 12:00am
US copper dips

US copper dips

Copper prices fell to their lowest in nearly a month on Wednesday as escalating unrest in Libya and surging oil prices threatened to derail global economic recovery, weighing on prospects for industrial metals. COMEX copper for March delivery ended down 7
Published 25 Feb, 2011 12:00am
ICE cocoa hits 32-year high, coffee down

ICE cocoa hits 32-year high, coffee down

ICE cocoa jumped on Wednesday, hitting a 32-year high after top producer Ivory Coast extended an export ban, while arabica coffee fell a day after advancing to 30-year peaks in light profit taking. Sugar futures fell below recent three-decade highs as the
Published 25 Feb, 2011 12:00am
New York cotton closes down, but above limit

New York cotton closes down, but above limit

US cotton futures finished on Wednesday with hefty losses, but nowhere near the 7-cent downside limit reached in the prior two sessions as speculative spread selling seemed to have lost steam, brokers said. Risk aversion that pressured cotton a day earlie
Published 25 Feb, 2011 12:00am
Traders call for uniform drug policy

Traders call for uniform drug policy

The Health Ministry has failed to formulate a uniform drug policy as different brands of the same generic medicine are being sold at different prices in the market, revealed a survey carried out by Business Recorder on Thursday.
Published 25 Feb, 2011 12:00am
LHC issues notices to Punjab government and LDA

LHC issues notices to Punjab government and LDA

The Lahore High Court (LHC) here on Thursday issued notices to Punjab government, Lahore Development Authority and Parks and Horticulture Authority for March 02 and sought their replies to a petition challenging establishment of Liberty Park and Ride Shop
Published 25 Feb, 2011 12:00am
Transfer order of Ghazanfar: IHC suspends order of Justice Anwar

Transfer order of Ghazanfar: IHC suspends order of Justice Anwar

Islamabad High Court (IHC) has suspended the order of Justice M Anwar Kansi's regarding cancellation of transfer order of Bank's officer Ghazanfar Ali to Kharan Branch, says a press received here on Thursday. Ghazanfar Ali Bank's AVP has challenged his tr
Published 25 Feb, 2011 12:00am
Export sector: FBR yet to work out modalities for refunds, says Bilwani

Export sector: FBR yet to work out modalities for refunds, says Bilwani

Federal Board of Revenue (FBR) has yet to work out modalities for refunds to the export sector, said Chairman Pakistan Apparel Forum, Javed Bilwani. There is also no provision for refund in FBR's newly devised electronic Refund Processing System (RMS) hen
Published 25 Feb, 2011 12:00am
Qureshi was removed for his stance on Davis: former IB chief

Qureshi was removed for his stance on Davis: former IB chief

Former foreign minister Shah Mehmood Qureshi was removed for his stance on Raymond Davis as he resisted US pressure seeking diplomatic immunity for the latter, said Masood Sharif, former Director General of Intelligence Bureau (IB) while talking to Bus
Published 25 Feb, 2011 12:00am
Government urged to announce rehabilitation plan for Shahalam market

Government urged to announce rehabilitation plan for Shahalam market

Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to immediately announce rehabilitation plan for the affected traders of Shahalam market inferno. These views were expressed by the Chairman PIAF Sohail Lashari while talkin
Published 25 Feb, 2011 12:00am
Syria may have built atom site near Damascus

Syria may have built atom site near Damascus

Western intelligence agencies suspect Syria may have been building a secret nuclear-related site near Damascus, a German daily said, and a US think-tank suggested it could be linked to a site bombed by Israel in 2007. If confirmed, Thursday's report by th
Published 25 Feb, 2011 12:00am
US charges Saudi national with trying to build bomb

US charges Saudi national with trying to build bomb

US authorities have arrested a 20-year-old Saudi national on charges he tried to use a weapon of mass destruction and potentially targeted former President George W. Bush, the Justice Department said on Thursday. Khalid Ali-M Aldawsari, who was admitted i
Published 25 Feb, 2011 12:00am
US Army ordered psy-ops on own lawmakers

US Army ordered psy-ops on own lawmakers

A US military team conducting psychological operations in Afghanistan was ordered by superiors to illegally target US lawmakers in a bid to get more troops and funding for the war, Rolling Stone magazine reported.
Published 25 Feb, 2011 12:00am
Iraqi shoe-thrower arrested for supporting protesters

Iraqi shoe-thrower arrested for supporting protesters

An Iraqi journalist who threw his shoes at former US President George W. Bush was arrested by security forces in Baghdad on Thursday for encouraging people to rally for better services. A relative of Muntazer al-Zaidi said the reporter was detained in the
Published 25 Feb, 2011 12:00am
Ivorians flee street clashes, fighting hits west

Ivorians flee street clashes, fighting hits west

Terrified residents fled sporadic shooting in an Abidjan neighbourhood on Thursday and fighting erupted in Ivory Coast's west in an escalation of a post-poll power struggle that threatens to re-ignite civil war. The spread of clashes in the world's top co
Published 25 Feb, 2011 12:00am
Iran warships dock in Syria, Israeli fears dismissed

Iran warships dock in Syria, Israeli fears dismissed

Two Iranian warships have docked in Syria, a military commander said on Thursday, dismissing Israeli condemnations of the manoeuvre as a "provocation". Coinciding with political turmoil in Egypt and elsewhere in the Arab world, Iran's decision to send war
Published 25 Feb, 2011 12:00am
Somali militants kill six peacekeepers

Somali militants kill six peacekeepers

Somali rebels killed six Burundian peacekeepers during an offensive against insurgents, Burundi's army said on Thursday, one of the force's heaviest losses in a single day. The peacekeepers died in fighting in the Somalian capital Mogadishu on Wednesday.
Published 25 Feb, 2011 12:00am
Suicide bomber kills 11 in Iraq

Suicide bomber kills 11 in Iraq

A suicide bomber blew himself up during a ceremony in a cultural centre in the western Iraqi city of Ramadi on Thursday, killing at least 11 people and wounding 18 others, police and government officials said. The bomber attacked during a commemoration of
Published 25 Feb, 2011 12:00am
LinkedIn site disrupted in protest-wary China

LinkedIn site disrupted in protest-wary China

Access to the networking site LinkedIn was disrupted in China on Thursday, following online calls on other sites for gatherings inspired by protests against authoritarian regimes across the Middle East. It was not immediately clear whether the blockage on
Published 25 Feb, 2011 12:00am
Gun battles rage as rebels seize Libyan towns

Gun battles rage as rebels seize Libyan towns

Forces loyal to Muammar Gaddafi launched a fierce counter-attack on Thursday, fighting gun battles with rebels who have threatened the Libyan leader by seizing important towns close to the capital. The opposition were already in control of major centres i
Published 25 Feb, 2011 12:00am
Yemen's Saleh orders 'protection' of demonstrators

Yemen's Saleh orders 'protection' of demonstrators

Yemeni President Ali Abdullah Saleh ordered his forces Thursday to offer "full protection" to anti-regime protesters and loyalists alike, as a second unemployed man died after setting himself ablaze. Saleh, who is facing the biggest threat to his 32-year
Published 25 Feb, 2011 12:00am
Switzerland orders freeze on any Gaddafi assets

Switzerland orders freeze on any Gaddafi assets

Switzerland on Thursday ordered an immediate freeze on any assets that may belong to defiant Libyan strongman Muammar Gaddafi and his entourage, the Swiss foreign ministry said in a statement. "The Federal Council (government) condemns the violence used b
Published 25 Feb, 2011 12:00am
Algeria lifts state of emergency

Algeria lifts state of emergency

Algeria on Thursday lifted its state of emergency after 19 years following unprecedented protests last month that threatened President Abdelaziz Bouteflika's decades-old regime, against a background of revolts across the Arab world.
Published 25 Feb, 2011 12:00am
Turkey can be 'inspiration' for Arabs: Erdogan

Turkey can be 'inspiration' for Arabs: Erdogan

Turkey has shown that Islam and democracy can co-exist and could serve as an inspiration in the wake of the popular uprisings sweeping Arab countries, according to Prime Minister Recep Tayyip Erdogan. In an exclusive interview with AFP, the Turkish premie
Published 25 Feb, 2011 12:00am
Thai Prime Minister admits he's also British

Thai Prime Minister admits he's also British

Thailand's prime minister has a confession to make: He is also British. Prime Minister Abhisit Vejajjiva publicly acknowledged his dual nationality Thursday for the first time during a debate in Parliament. Abhisit automatically holds British citizenship
Published 25 Feb, 2011 12:00am
Electric vehicles complete round-the-world tour

Electric vehicles complete round-the-world tour

Electric vehicles from Australia, Germany and Switzerland completed a pioneering 27,000 kilometre "emissions free" round-the-world trip on Thursday, after 188 days on the road and at sea. The three-wheeler dubbed "TREV" from Adelaide, a German electric sc
Published 25 Feb, 2011 12:00am
South Africa beat West Indies

South Africa beat West Indies

A B de Villiers' unbeaten 107 powered South Africa to a seven-wicket victory over West Indies in a World Cup Group B match on Thursday. South Africa's Pakistan-born leg-spinner Imran Tahir (4-41) dazzled on debut, sharing seven wickets with pace colleague
Published 25 Feb, 2011 12:00am
South Africa beat West Indies

South Africa beat West Indies

A B de Villiers' unbeaten 107 powered South Africa to a seven-wicket victory over West Indies in a World Cup Group B match on Thursday. South Africa's Pakistan-born leg-spinner Imran Tahir (4-41) dazzled on debut, sharing seven wickets with pace colleague
Published 25 Feb, 2011 12:00am
Fans anger at 'butchered' anthem

Fans anger at 'butchered' anthem

South Africa fans claimed their national anthem was "butchered" when it was cut short at the start of the World Cup match against West Indies at the Feroz Shah Kotla stadium on Thursday.Only half of the stirring anthem was played before the sound was abru
Published 25 Feb, 2011 12:00am
Yasir Hameed banned, fined

Yasir Hameed banned, fined

The Pakistan Cricket Board (PCB) has fined discarded test opener Yasir Hameed 300,000 rupees ($3,600) and banned him from two domestic tournaments after a controversial interview with the News of the World newspaper. A PCB official told Reuters that Hamee
Published 25 Feb, 2011 12:00am
Sri Lankan volunteer arrested over black market tickets

Sri Lankan volunteer arrested over black market tickets

Sri Lankan police have arrested a volunteer for selling tickets at a much inflated price for Saturday's match between the co-host nation and Pakistan, officials said on Thursday. "We have arrested a volunteer for selling tickets outside the ticketing coun
Published 25 Feb, 2011 12:00am
Band of brothers as Australia stand by New Zealand

Band of brothers as Australia stand by New Zealand

Australia's cricket team will do all it can to support their New Zealand "brothers" when the teams meet in a World Cup match overshadowed by the Christchurch earthquake, captain Ricky Ponting said. The second group game of the World Cup for the trans-Tasm
Published 25 Feb, 2011 12:00am
Bangladesh lay spin trap for Ireland

Bangladesh lay spin trap for Ireland

Bangladesh will bank on spin to outwit Ireland in Friday's World Cup match, with skipper Shakib Al Hasan warning the visitors they will struggle in Dhaka. "I don't think Ireland like to play in these conditions," Shakib said of the leading non-Test nation
Published 25 Feb, 2011 12:00am
Fans buying tickets baton-charged in India

Fans buying tickets baton-charged in India

Police used bamboo sticks to beat back cricket fans trying to buy tickets in Bangalore on Thursday as World Cup organisers criticised Indian officials over growing ticketing chaos. Fans queueing for seats at India's game with England on Sunday were baton-
Published 25 Feb, 2011 12:00am
Euro interbank rates edge up

Euro interbank rates edge up

Euro-priced interbank rates rose further on Thursday and the March-June Euribor futures strip hit a new record high as the market bet the European Central Bank will move to "normalise" bank funding by mid-year. The ECB will decide at its policy meeting ne
Published 25 Feb, 2011 12:00am
Won hits two-month low

Won hits two-month low

The South Korean won hit a near two-month closing low against the US dollar and the Taiwan dollar touched its lowest in over six weeks on Thursday, after a spike in oil prices triggered broad selling of emerging Asian currencies by foreign funds. Asian cu
Published 25 Feb, 2011 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell to a one-week low on Thursday, dragged down by surging oil prices that pushed up dollar demand from oil importers as well as battered stocks, but a weak dollar overseas prevented a steeper fall. The partially convertible rupee ended
Published 25 Feb, 2011 12:00am
Australian up, New Zealand dollar lags

Australian up, New Zealand dollar lags

The Australian dollar advanced on Thursday as figures showing a very strong outlook for business investment augured well for economic growth in coming years, keeping upward pressure on interest rates. In contrast, the New Zealand dollar was still weighed
Published 25 Feb, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 71.26/71.29 (previous 71.19/71.26). Call Money Rates: 11.00-12.00 percent (previous 5.50-12.00 percent).
Published 25 Feb, 2011 12:00am
Swiss franc nears record versus dollar

Swiss franc nears record versus dollar

The Swiss franc edged toward a record high on Wednesday as turmoil in Libya drove investors to seek safety, while the US dollar fell broadly as the greenback appeared to lose its safe-haven lustier. The euro, which for sometime was treated as a risk curre
Published 25 Feb, 2011 12:00am
Dollar hits record high in London

Dollar hits record high in London

The Swiss franc hit a record high against the dollar on Thursday, boosted by safe-haven demand due to ongoing political turmoil in Libya, while the resulting surge in oil prices stung the US currency across the board. Brent crude oil leapt to its highest
Published 25 Feb, 2011 12:00am
Dollar climbs in Asia

Dollar climbs in Asia

The Swiss franc hit a record high against the dollar on Thursday and the US currency remained under broad pressure on fears that social unrest could spread in the oil-rich and politically volatile Middle East. Traders said the dollar appeared to be losing
Published 25 Feb, 2011 12:00am
Sterling falls broadly

Sterling falls broadly

Sterling fell broadly on Thursday, hitting a three-week low against the euro as a spike in oil prices drove investors into safer currencies and sparked concerns about the impact on an already fragile UK economy. Although sterling remained supported by exp
Published 25 Feb, 2011 12:00am
Yuan slips

Yuan slips

The yuan closed slightly lower against the dollar on Thursday as the market was disappointed the People's Bank of China failed to let its daily fixing hit a record high. The central bank fixed a higher yuan mid-point on Thursday but traders had expected t
Published 25 Feb, 2011 12:00am
Middle East unrest hits FTSE, energy stocks up

Middle East unrest hits FTSE, energy stocks up

Unrest in the Middle East and North Africa hit Britain's top shares again on Thursday, though rising crude prices and upbeat comment from oil major BP on its Indian activities lifted energy stocks. The FTSE 100 closed down 3.55 points, or 0.1 percent, at
Published 25 Feb, 2011 12:00am
Middle East markets muted as unrest keeps investors away

Middle East markets muted as unrest keeps investors away

Gulf Markets were mixed in lacklustre trade on Thursday as investors stayed away with unrest continuing in Libya and oil prices surging over fears of contagion to other major producers in the region. Oil surged more than 7.5 percent to its highest since A
Published 25 Feb, 2011 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks ended up 0.15 percent on Thursday, with gains by TPK Holding Co Ltd, Wintek Corp and other suppliers of Apple Inc ahead of an Apple media event next week. But the gains were capped as unrest in the Middle East remains an uncertainty."Investo
Published 25 Feb, 2011 12:00am
European shares hit lowest close since January

European shares hit lowest close since January

European shares closed lower on Thursday, on course for their biggest weekly fall in nearly eight months, as unrest in Libya crisis sent crude prices still higher, sparking worries about inflation and economic growth. The FTSEurofirst 300 index of top sha
Published 25 Feb, 2011 12:00am
Hong Kong shares near five-month low; Shanghai gains

Hong Kong shares near five-month low; Shanghai gains

Hong Kong stocks dropped to near a five-month closing low on Thursday, with sharp falls in airlines such as Air China and refiners, both hit by escalating oil prices. The Shanghai Composite gained 0.6 percent, buoyed by coal miners on expectations that su
Published 25 Feb, 2011 12:00am
Nikkei average slips

Nikkei average slips

Japan's Nikkei average slipped to a three-week low on Thursday, losing ground for a third straight day as violence in Libya prompted a spike in oil prices, setting the stage for a further correction in the near term. The market mood was also soured by the
Published 25 Feb, 2011 12:00am
Treasuries yields rise

Treasuries yields rise

US Treasuries yields rose on Wednesday as investors prepared for a seven-year note sale on Thursday, overcoming a safe-haven bid for government debt as Middle East tensions sent oil prices higher and weighed on stocks. Two-year Treasury notes also tested
Published 25 Feb, 2011 12:00am
Treasuries yields rise

Treasuries yields rise

US Treasuries yields rose on Wednesday as investors prepared for a seven-year note sale on Thursday, overcoming a safe-haven bid for government debt as Middle East tensions sent oil prices higher and weighed on stocks. Two-year Treasury notes also tested
Published 25 Feb, 2011 12:00am
Seoul shares decline

Seoul shares decline

Seoul shares dipped after volatile trade on Thursday, weighed by falls in crude oil refiners and technology plays including Hynix, but a bounce in shipyards gave the market support. The Korea Composite Stock Price Index ended down 0.6 percent at 1,949.88
Published 25 Feb, 2011 12:00am
US stocks stay down

US stocks stay down

US stocks dropped for a second straight session on Wednesday as Libya's violence sent oil prices up briefly to $100 a barrel and tech shares sank, adding credence to calls for a market correction. Oil futures jumped to their highest since October 2008 ami
Published 25 Feb, 2011 12:00am
Thursday's early trade: stocks slightly higher

Thursday's early trade: stocks slightly higher

The Dow and S&P 500 edged higher while the Nasdaq added to gains Thursday morning as the market bounced back from a two-day sell-off. The Dow Jones industrial average was up 7.07 points, or 0.06 percent, at 12,112.85. The Standard & Poor's 500 Index added
Published 25 Feb, 2011 12:00am
Indian shares slump

Indian shares slump

Indian shares tumbled 3 percent on Thursday in their biggest one-day fall in almost 16 months as the Libyan turmoil sent oil prices to their highest in nearly 2-1/2 years and threatened global economic growth. Financials bore the brunt of the investor sel
Published 25 Feb, 2011 12:00am
South East Asian markets fall

South East Asian markets fall

Southeast Asian stock markets fell on Thursday, fretting over the potential impact of the spike in global energy costs on economic growth, with airlines coming under particular pressure but palm oil and bank stocks also hit. Markets gave up early gains as
Published 25 Feb, 2011 12:00am
Banks warn of oil shortage, growth impact

Banks warn of oil shortage, growth impact

Major banks warned on Thursday an output loss from another oil producer after Libya would lead to global shortages and demand rationing and said Opec needs to act quickly as the oil rally could derail economic recovery. Goldman Sachs issued a note saying
Published 25 Feb, 2011 12:00am
Saudi Arabia in talks to fill Libya oil gap

Saudi Arabia in talks to fill Libya oil gap

Saudi Arabia is in talks with European refiners affected by the disruption in Libyan exports and is willing and able to plug any gaps in supply, senior Saudi sources said on Thursday. The sources said Saudi Arabia's available spare capacity included the k
Published 25 Feb, 2011 12:00am
China sees growth risk, not inflation, in oil surge

China sees growth risk, not inflation, in oil surge

Soaring oil prices will have little impact on Chinese consumer inflation, but will place considerable cost pressure on the country's manufacturers, a government adviser and ministry official said on Thursday. The weighting of oil in China's consumer price
Published 25 Feb, 2011 12:00am
Russia launches ruble-denominated eurobond

Russia launches ruble-denominated eurobond

Russia launched its debut ruble-denominated eurobond Thursday after initially delaying the sale amid last year's European deficit crisis. The state-run RIA Novosti news agency said the government placed 40 billion rubles ($1.4 billion, 1.0 billion euros)
Published 25 Feb, 2011 12:00am
Russia launches ruble-denominated eurobond

Russia launches ruble-denominated eurobond

Russia launched its debut ruble-denominated eurobond Thursday after initially delaying the sale amid last year's European deficit crisis. The state-run RIA Novosti news agency said the government placed 40 billion rubles ($1.4 billion, 1.0 billion euros)
Published 25 Feb, 2011 12:00am
Russia launches ruble-denominated eurobond

Russia launches ruble-denominated eurobond

Russia launched its debut ruble-denominated eurobond Thursday after initially delaying the sale amid last year''s European deficit crisis. The state-run RIA Novosti news agency said the government placed 40 billion rubles ($1.4 billion, 1.0 billion euros)
Published 25 Feb, 2011 12:00am
Weaker dollar to help global growth: IMF

Weaker dollar to help global growth: IMF

The International Monetary Fund called for a weaker dollar to help the United States reduce its deficits with the rest of the world and rebalance the global economy, in a report released Wednesday. In the report prepared for a Group of 20 finance chiefs m
Published 25 Feb, 2011 12:00am
Eurozone sentiment up

Eurozone sentiment up

Eurozone economic sentiment jumped in February to its highest level since the economic crisis, but a surge in inflation expectations accompanied prospects of a rebound of growth in the first quarter. The European Commission's monthly survey showed on Thur
Published 25 Feb, 2011 12:00am
General Motors posts first full-year profit since 2004

General Motors posts first full-year profit since 2004

General Motors Co posted fourth-quarter results that topped Wall Street expectations, capping its most profitable year in over a decade after slashing costs and debt in a landmark bankruptcy. Profit for all of 2010 was $4.7 billion, GM's first full-year e
Published 25 Feb, 2011 12:00am
General Motors posts first full-year profit since 2004

General Motors posts first full-year profit since 2004

General Motors Co posted fourth-quarter results that topped Wall Street expectations, capping its most profitable year in over a decade after slashing costs and debt in a landmark bankruptcy. Profit for all of 2010 was $4.7 billion, GM's first full-year e
Published 25 Feb, 2011 12:00am
Toyota recalls 2.2 million vehicles

Toyota recalls 2.2 million vehicles

Toyota Motor Corp said on Thursday it was recalling nearly 2.2 million vehicles over the risk that the accelerator pedal could be trapped by loose or misplaced carpet on the driver's side. The massive recall comes a little more than two weeks after a US g
Published 25 Feb, 2011 12:00am
US jobless claims fall, durable orders mixed

US jobless claims fall, durable orders mixed

New US claims for jobless aid fell last week, hinting at an improvement in the labour market, but declines in new home sales and orders for a range of factory goods in January showed the economy still faced headwinds. Initial claims for state unemployment
Published 25 Feb, 2011 12:00am
Boost private spending to sustain Asia growth: ADB

Boost private spending to sustain Asia growth: ADB

Developing economies should strengthen domestic demand to sustain Asia's strong economic growth and help rebalance the world economy, the head of the Asian Development Bank (ADB) said Thursday. Haruhiko Kuroda told a Seoul forum that the 2008-9 global cri
Published 25 Feb, 2011 12:00am
BASF unveils record results

BASF unveils record results

BASF, the world's biggest chemicals company, unveiled some record 2010 results Thursday and joined rivals in giving an upbeat outlook for this year despite oil output suspensions in Libya. BASF said its 2010 net profit leapt more than three-fold to 4.56 b
Published 25 Feb, 2011 12:00am
BASF unveils record results

BASF unveils record results

BASF, the world's biggest chemicals company, unveiled some record 2010 results Thursday and joined rivals in giving an upbeat outlook for this year despite oil output suspensions in Libya. BASF said its 2010 net profit leapt more than three-fold to 4.56 b
Published 25 Feb, 2011 12:00am
EU, Russia at odds over energy, Putin warns on prices

EU, Russia at odds over energy, Putin warns on prices

Russian Prime Minister Vladimir Putin warned the European Union on Thursday its rules on energy infrastructure could drive gas prices higher, making clear the extent of disagreement with the EU on energy policy. Speaking to reporters after talks with Euro
Published 25 Feb, 2011 12:00am
Doha deal key to more exports to India, Brazil: US

Doha deal key to more exports to India, Brazil: US

US exports to India, Brazil and other fast-growing emerging markets could remain relatively flat in the absence of a new world trade deal, the White House said on Wednesday in its annual economic report. "A key item on the administration's trade agenda is
Published 25 Feb, 2011 12:00am
Kyrgyzstan on verge of default

Kyrgyzstan on verge of default

Kyrgyzstan faces a default risk and may spiral into hyperinflation due to the Central Asian republic's outsized budget deficit, a top finance official warned Thursday. "In 2011, Kyrgyzstan may find itself on the verge of a default," the Kyrgyz finance min
Published 25 Feb, 2011 12:00am
Cotton futures prices tumble after attaining Himalayan heights

Cotton futures prices tumble after attaining Himalayan heights

New York Cotton futures (ICE) tumbled this week in no uncertain terms when the retiring March 2011 contract reached US Cents 211.02 per pound on last Friday but has since fallen to around 180.64 cents per pound (About 5:35 Pm Pakistan time). This denotes
Published 25 Feb, 2011 12:00am
Cotton futures prices tumble after attaining Himalayan heights

Cotton futures prices tumble after attaining Himalayan heights

New York Cotton futures (ICE) tumbled this week in no uncertain terms when the retiring March 2011 contract reached US Cents 211.02 per pound on last Friday but has since fallen to around 180.64 cents per pound (About 5:35 Pm Pakistan time). This denotes
Published 25 Feb, 2011 12:00am
Lean business witnessed on cotton market

Lean business witnessed on cotton market

Lean business was seen on the cotton market on Thursday as mills kept to sidelines in anticipation of further decline in the rates, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 11800, they said.
Published 25 Feb, 2011 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend was again witnessed on the forward cottonseeds oilcake market on Thursday in process of trading, dealers said. The March vaida that had closed at Rs 1238.30 opened with a rise of 30 paisa at Rs 1238.60. The May contract which closed at Rs 13
Published 25 Feb, 2011 12:00am
Indonesia's 2011 coffee output to fall by 30 percent

Indonesia's 2011 coffee output to fall by 30 percent

Indonesian coffee bean production in 2011 will fall by 30 percent from an estimated 600,000 tonnes in 2010, as rains in key producing areas damage cherries, an industry association official forecast on Thursday. Lower output from Indonesia, the world's se
Published 25 Feb, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids in the US Plains were steady on Thursday in a lackluster market. Light moisture was moving through the Plains wheat belt, though western and southern areas were expected to remain stressed. Protein premiums for HRW railcar
Published 25 Feb, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 97,379 tonnes of cargo including 42,671 tonnes of import cargo, 54,708 tonnes of export cargo and 4,364 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 42,671 tonnes compri
Published 25 Feb, 2011 12:00am
Russia slashes sugar import tariff

Russia slashes sugar import tariff

Russia, the world's third largest sugar buyer, will slash the import tariff for the commodity by two-thirds from March 1, documents showed on Thursday, ending an uncertainty which had led to a halt in refining. The import tariff will be set at $50 a tonne
Published 25 Feb, 2011 12:00am
Grams prices turn mostly lower on grain market

Grams prices turn mostly lower on grain market

Grams prices were mostly lower on the wholesale grain and seed market on Thursday owing to strong supply, dealers said. On the grams side guwar Sindh gained Rs 300 to Rs 4300-4400, guwar Punjab was up by Rs 250 to Rs 4200-4300.
Published 25 Feb, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 25 Feb, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 25 Feb, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 25 Feb, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 25 Feb, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (February 24, 2011).

Published 25 Feb, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (February 24, 2011).

Published 25 Feb, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (February 24, 2011).

Published 25 Feb, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (February 24, 2011).

Published 25 Feb, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 24, 2011).
Published 25 Feb, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 24, 2011).

Published 25 Feb, 2011 12:00am
Oil falls from near $120 on Saudi, Gaddafi rumour

Oil falls from near $120 on Saudi, Gaddafi rumour

Oil dropped sharply from 2-1/2 year highs near $120 a barrel on Thursday following Saudi Arabia's assures it could fill any Libyan supply shortfalls and unsubstantiated trade rumours Libyan leader Muammar Gaddafi had been shot. A US official said the US g
Published 25 Feb, 2011 12:00am
Oil falls from near $120 on Saudi, Gaddafi rumour

Oil falls from near $120 on Saudi, Gaddafi rumour

Oil dropped sharply from 2-1/2 year highs near $120 a barrel on Thursday following Saudi Arabia's assures it could fill any Libyan supply shortfalls and unsubstantiated trade rumours Libyan leader Muammar Gaddafi had been shot. A US official said the US g
Published 25 Feb, 2011 12:00am
Oil falls from near $120 on Saudi, Gaddafi rumour

Oil falls from near $120 on Saudi, Gaddafi rumour

Oil dropped sharply from 2-1/2 year highs near $120 a barrel on Thursday following Saudi Arabia''s assures it could fill any Libyan supply shortfalls and unsubstantiated trade rumours Libyan leader Muammar Gaddafi had been shot. A US official said the US
Published 25 Feb, 2011 12:00am
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