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Archive - 2011-04-22
US calls for an end to Syria violence
Top News

US calls for an end to Syria violence

WASHINGTON: The White House Friday expressed concern over the violence in Syria and called on all sides to stop the unre
Published 22 Apr, 2011 09:00pm
Naturex ready to boost cosmetics
Top News

Naturex ready to boost cosmetics

PARIS: French food specialist Naturex hopes to clinch one or two acquisitions this year as it seeks to strengthen growth
Published 22 Apr, 2011 12:05pm
Belarus sees free floating ruble by May
Top News

Belarus sees free floating ruble by May

MINSK: Belarus hopes to introduce a single floating exchange rate next month after it receives an emergency bailout loan
Published 22 Apr, 2011 10:56am
Two to tango
BR Research

Two to tango

Reforms is perhaps one of the most resounding words in Pakistan these days. From drawing rooms to chai-khanas; from Islamabad to business hu
Published 22 Apr, 2011 12:00am
Over 65-kanal Railway land in occupation of Army: Bilour

Over 65-kanal Railway land in occupation of Army: Bilour

Pakistan Railways' land measuring 65 kanals 09 marla is under occupation of Pakistan Army Housing Directorate, Rawalpindi, Minister for Railways Haji Ghulam Ahmed Bilour informed the National Assembly on Thursday.
Published 22 Apr, 2011 12:00am
'Commission not divided due to Dar's resignation'

'Commission not divided due to Dar's resignation'

Federal Minister for Inter-provincial Co-ordination Mian Raza Rabbani has said that the Implementation Commission on 18th Amendment has not been divided due to the resignation of Senator Ishaq Dar. After a meeting of the Commission here on Thursday, Rabba
Published 22 Apr, 2011 12:00am
Convocation ceremony held at PAF Academy Risalpur

Convocation ceremony held at PAF Academy Risalpur

A Convocation Ceremony was held at Pakistan Air Force Academy, Risalpur. Barrister Syed Masood Kausar, Chancellor University of Peshawar, Governor Khyber Pakhtun Khwa and Lieutenant General Muhammad Asghar, Rector National University of Sciences and Techn
Published 22 Apr, 2011 12:00am
Hashmi demands more provinces, LB elections

Hashmi demands more provinces, LB elections

Pakistan Muslim League-Nawaz (PML-N) Senior Vice President, Makhdoom Javed Ahmed Hashmi, on Thursday urged the Parliament to create new provinces for better administration and good governance in the country and called upon the government to hold local bod
Published 22 Apr, 2011 12:00am
'Government to protect life of people in Kurram Agency at any cost'

'Government to protect life of people in Kurram Agency at any cost'

Governor Khyber Pakhtunkhwa, Barrister Masood Kausar has assured Kurram Peace Jirga that the government would protect the life and property of the people of Kurram Agency at every cost. However, he asserted that maintenance of peace in the Agency needed c
Published 22 Apr, 2011 12:00am
From A Ringside Seat

From A Ringside Seat

Ethnicity was fuelled in the aftermath of the eighteenth constitutional amendment that allowed the renaming of North West Frontier Province (NWFP) as Khyber Pakhtunkhwa (KP) leading to violent protests by the people of Hazara for a separate province.
Published 22 Apr, 2011 12:00am
Prompt help to road users to be ensured on highways, motorways: IG

Prompt help to road users to be ensured on highways, motorways: IG

Inspector General (IG) National Highway and Motorway Police (NH&MP) Zafarullah Khan said that prompt and meaningful help to the road users would be ensured on highways and motorways. "Public friendly policing campaigns will be continued to establish frien
Published 22 Apr, 2011 12:00am
Around 28 inspectors, sub-inspectors made CPOs

Around 28 inspectors, sub-inspectors made CPOs

Around 28 cops of Inspector and Sub-Inspector ranks working with Islamabad Police have been appointed as Community Police Officers (CPOs) in jurisdictions of all police stations to effectively control crime and curb activities of anti-social elements alon
Published 22 Apr, 2011 12:00am
Gilani administers oath to four members of AJK Council

Gilani administers oath to four members of AJK Council

Prime Minister Syed Yousuf Raza Gilani on Thursday administered oath to four members of Azad Jammu and Kashmir Council here at the PM House. The oath was administered to Sardar Muhammad Naeem Khan of PML-N, Sardar Sagheer Chughtai and Chaudhry Mohammad Kh
Published 22 Apr, 2011 12:00am
NBP launches 'Xpress Money Transfer Services'

NBP launches 'Xpress Money Transfer Services'

After signing an agreement with Xpress Money last week, National Bank of Pakistan officially launched Xpress Money Transfer Services in a ceremony held at a local hotel. During the ceremony, first transaction successfully took place in a matter of few sec
Published 22 Apr, 2011 12:00am
Fast conversion of agricultural land to hurt food security prospects

Fast conversion of agricultural land to hurt food security prospects

Speakers at a seminar on Thursday expressed concerns over fast conversion of agriculture land into commercial and residential properties across the major cities of the Sindh province, saying the haphazard move would hurt food security badly in the future.
Published 22 Apr, 2011 12:00am
SAP launches 4.0 releases of BI and EIM solutions

SAP launches 4.0 releases of BI and EIM solutions

The world of business is becoming increasingly global and marked by virtual organisations using mobile technology and social networks. Organisations must be equipped to better assess and act decisively on huge volumes of data both from within and outside
Published 22 Apr, 2011 12:00am
Meezan Family Funds results announced

Meezan Family Funds results announced

The meetings of the Boards of Directors of Al Meezan Mutual Fund Limited (AMMF) and Al Meezan Investment Management Ltd, Investment Advisor of Meezan Islamic Fund (MIF), Meezan Balanced Fund (MBF), Meezan Islamic Income Fund (MIIF), Meezan Cash Fund (MCF)
Published 22 Apr, 2011 12:00am
Meezan Family Funds results announced

Meezan Family Funds results announced

The meetings of the Boards of Directors of Al Meezan Mutual Fund Limited (AMMF) and Al Meezan Investment Management Ltd, Investment Advisor of Meezan Islamic Fund (MIF), Meezan Balanced Fund (MBF), Meezan Islamic Income Fund (MIIF), Meezan Cash Fund (MCF)
Published 22 Apr, 2011 12:00am
Retrospective application of income tax law questioned

Retrospective application of income tax law questioned

A legal question has been raised whether an amendment is needed in the Income Tax Ordinance 2001 through Finance Bill (2011-2012) to ensure applicability of the section 122 (C) to have provisional assessments of undocumented wealthy persons retrospectivel
Published 22 Apr, 2011 12:00am
Bata Pakistan posts Rs 160.543 million profit

Bata Pakistan posts Rs 160.543 million profit

Bata Pakistan Limited has posted Rs 160.543 million as profit after tax in the quarter ended March 31, 2011 as compared to Rs 146.316 million earned in the corresponding period in 2010. The board of directors of the company in its meeting held on Thursday
Published 22 Apr, 2011 12:00am
Bata Pakistan posts Rs 160.543 million profit

Bata Pakistan posts Rs 160.543 million profit

Bata Pakistan Limited has posted Rs 160.543 million as profit after tax in the quarter ended March 31, 2011 as compared to Rs 146.316 million earned in the corresponding period in 2010. The board of directors of the company in its meeting held on Thursday
Published 22 Apr, 2011 12:00am
Profit after tax of Al Ghazi Tractors increases

Profit after tax of Al Ghazi Tractors increases

The profit after tax of Al Ghazi Tractors has increased to Rs 621.419 million in the quarter ended March 31, 2011 as compared to Rs 476.597 million earned in the corresponding quarter in 2010. The board of directors of the company in its meeting held on W
Published 22 Apr, 2011 12:00am
Profit after tax of Al Ghazi Tractors increases

Profit after tax of Al Ghazi Tractors increases

The profit after tax of Al Ghazi Tractors has increased to Rs 621.419 million in the quarter ended March 31, 2011 as compared to Rs 476.597 million earned in the corresponding quarter in 2010. The board of directors of the company in its meeting held on W
Published 22 Apr, 2011 12:00am
SSC annual examinations: section 144 imposed on Hyderabad

SSC annual examinations: section 144 imposed on Hyderabad

In order to prevent any unpleasant incident during the ongoing SSC annual examinations, the District Administration has imposed section 144 on Hyderabad. The entry of unauthorised persons within the radius of 50 meters around the examination centres has b
Published 22 Apr, 2011 12:00am
Three including woman killed in city

Three including woman killed in city

At least three persons including a woman were killed in different mishaps at various parts of the metropolis here on Thursday. According to details, a woman was stabbed to death by her husband at Jummah Goth within the limits of Ibrahim Hyderi police stat
Published 22 Apr, 2011 12:00am
Profit after tax of Rafhan up by Rs 522.265 million

Profit after tax of Rafhan up by Rs 522.265 million

The profit after tax of Rafhan Maize Products Company has increased to Rs 522.265 million in the quarter ended March 31, 2011 as compared to Rs 397.061 million earned in the corresponding period in 2010. The company's earning per share has increased to Rs
Published 22 Apr, 2011 12:00am
Profit after tax of Rafhan up by Rs 522.265 million

Profit after tax of Rafhan up by Rs 522.265 million

The profit after tax of Rafhan Maize Products Company has increased to Rs 522.265 million in the quarter ended March 31, 2011 as compared to Rs 397.061 million earned in the corresponding period in 2010. The company's earning per share has increased to Rs
Published 22 Apr, 2011 12:00am
Railway track damaged in blast

Railway track damaged in blast

Railway traffic suspended when a powerful explosive devise went off at the track near Nawabshah on Thursday. Unknown terrorists had planted some explosive devise at the track between railway stations of Sarhari and Lundo, which went off with a big bang, d
Published 22 Apr, 2011 12:00am
SU notification

SU notification

In pursuance of the directives received from Supreme Court of Pakistan through Sindh Governor (Chancellor Universities in Sindh), the University of Sindh (SU) has discontinued contractual services of five Officers/officials with immediate effect.
Published 22 Apr, 2011 12:00am
SU notifies results

SU notifies results

The Controller of Examinations, University of Sindh, on Thursday notified the results of the private institutes and colleges affiliated with the university. According to the announcement, the results of BBA and MBA (semester examinations) of the following
Published 22 Apr, 2011 12:00am
FPCCI for single-digit interest rate

FPCCI for single-digit interest rate

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday called for single digit interest rate to encourage investment in the country. FPCCI President Senator Haji Ghulam Ali, during a Meet-the-Press at Karachi Press Club, strongly
Published 22 Apr, 2011 12:00am
Two including PPP activist killed

Two including PPP activist killed

At least two persons including an activist of Pakistan People's Party (PPP) were gunned down in separate incidents at various parts of metropolis here on Thursday. According to details, an activist of PPP was shot dead at Rizwan Society, Gulshan Iqbal wit
Published 22 Apr, 2011 12:00am
ABL Asset Management implements GIPS

ABL Asset Management implements GIPS

ABL Asset Management (ABL AMC) has successfully implemented the Global Investment Performance Standards (GIPS) for the performance presentation of funds under its management. Developed by the CFA Institute headquartered in USA, GIPS are a set of ethical s
Published 22 Apr, 2011 12:00am
ABL Asset Management implements GIPS

ABL Asset Management implements GIPS

ABL Asset Management (ABL AMC) has successfully implemented the Global Investment Performance Standards (GIPS) for the performance presentation of funds under its management. Developed by the CFA Institute headquartered in USA, GIPS are a set of ethical s
Published 22 Apr, 2011 12:00am
Etihad Airways revenues up 21 percent in first quarter

Etihad Airways revenues up 21 percent in first quarter

Etihad Airways on Thursday reported its most successful first quarter to date, with revenues up 21.2 percent to US $770 million (Q1 2010: US $635 million), attributable to strong performances in both passenger and cargo traffic. Coupled with a 5.9 percent
Published 22 Apr, 2011 12:00am
Etihad Airways revenues up 21 percent in first quarter

Etihad Airways revenues up 21 percent in first quarter

Etihad Airways on Thursday reported its most successful first quarter to date, with revenues up 21.2 percent to US $770 million (Q1 2010: US $635 million), attributable to strong performances in both passenger and cargo traffic. Coupled with a 5.9 percent
Published 22 Apr, 2011 12:00am
10th Young Leaders' Conference from July 1

10th Young Leaders' Conference from July 1

Young Leaders' Conference (YLC) celebrates its first decade of changing lives for the better, from July 1 to 6, with the theme Eman (Faith), Ittihad (Unity), Tanzeem (Discipline) for this year. Preparations are at their peak as the big conference is just
Published 22 Apr, 2011 12:00am
Exporters urged to explore new markets for citrus, mangoes

Exporters urged to explore new markets for citrus, mangoes

Government must discourage private sector from exporting country's prized fruits, ie Kinnow and mangoes to commissioned markets where the return is minimal. Mango export season is about to start from the middle of next month throwing a challenge to export
Published 22 Apr, 2011 12:00am
Economic woes: KU vice chancellor asks KUBS students to play their role

Economic woes: KU vice chancellor asks KUBS students to play their role

Vice Chancellor of Karachi University, Professor Dr Pirzada Qasim Raza Siddiqui has urged the successful students of Karachi University Business School (KUBS) to play their role in brining the nation out of the present economic crisis. Speaking at the KUB
Published 22 Apr, 2011 12:00am
Two JSQM leaders burnt alive

Two JSQM leaders burnt alive

Two central leaders of Jeay Sindh Qaumi Mahaz were burnt alive and another leader sustained serious injuries when some armed men, allegedly belonging to an ethnic group, opened fire and later set their car on fire near Sanghar on Thursday. According to th
Published 22 Apr, 2011 12:00am
Current account surplus

Current account surplus

While most of the economic indicators like the growth rate, budget deficit and inflation are showing negative trends, news on the external sector continues to be encouraging. According to the latest data released by the State Bank on 18th April, the count
Published 22 Apr, 2011 12:00am
Army's withdrawal from Sui

Army's withdrawal from Sui

In a clearly marked departure from the norm, the Chief of Army Staff, General Ashfaq Parvez Kayani, on Monday walked an extra mile to refurbish the image of the Pak Army in Balochistan. Not only did he jettison the Musharraf legacy of the military operati
Published 22 Apr, 2011 12:00am
Tax collection: Correct strategy

Tax collection: Correct strategy

The Federal Board of Revenue (FBR) - under tremendous pressure to generate "extra revenue" - is resorting to all kinds of oppressive measures to achieve a meagre revenue target of Rs 1,588 billion-revised downwards from Rs 1,680 billion-during the current
Published 22 Apr, 2011 12:00am
US political rift was tipping point for S&P

US political rift was tipping point for S&P

For the past 928 days, Standard & Poor's has tracked the relentless deterioration of the US government finances. On Monday, it made a move that could turn out to be one of its boldest calls yet. That's when S&P announced that it was revising the credit ou
Published 22 Apr, 2011 12:00am
Libyan royal family waits in wings for Qadhafi ouster

Libyan royal family waits in wings for Qadhafi ouster

Mohammed al-Senussi has lived in exile for more than 20 years, ever since his family relinquished their claim to Libya`s throne in the wake of a military coup led by Moamer Qadhafi. Yet, Arabic remains al-Senussi`s language of choice and crown prince of L
Published 22 Apr, 2011 12:00am
Two parallel regimes on import of machinery

Two parallel regimes on import of machinery

The article "Two parallels concessionary regime working" on 12th April front page of your newspaper seems to imply that on the one hand the exemption of sales tax on plant, machinery, equipment and spares has been withdrawn by way of amending SRO 549 (I)/
Published 22 Apr, 2011 12:00am
SECP wins ISO/IEC certification

SECP wins ISO/IEC certification

The Securities and Exchange Commission of Pakistan has become the first Pakistani regulatory organisation to win ISO/IEC 27001: 2005 certification. It has been earned by Information Systems and Technology (IS&T) Division. Ghulam Haider, CEO of M/S Direct
Published 22 Apr, 2011 12:00am
Government urged to ban exports of coarse yarn

Government urged to ban exports of coarse yarn

Value-added textile sector has proposed the government to ban exports of coarse yarn and register spinning mills with the Ministry of Textile Industry to avoid local cotton and yarn shortage in future. The proposals were tabled in a meeting held in the Te
Published 22 Apr, 2011 12:00am
Arab unrest: Pakistan advised to stay neutral

Arab unrest: Pakistan advised to stay neutral

Pakistan should not take the side of oppressive rulers in Arab countries facing uprisings against their autocracy and despotic rule as ultimate victory would be of people fighting for their rights. This was the gist of the discussion on "Turmoil in the Ar
Published 22 Apr, 2011 12:00am
Abolition of peak-hour power charges demanded

Abolition of peak-hour power charges demanded

Pakistan Flour Mills Association (PFMA), Khyber Pakhtunkhwa has demanded abolition of charges in electricity bills, charged in the name of 'peak consumption time'. They also demanded procurement of one million tons wheat to meet the requirement of the pro
Published 22 Apr, 2011 12:00am
Balochistan chief minister calls on President

Balochistan chief minister calls on President

Chief Minister of Balochistan Nawab Muhammad Aslam Raisani called on President Asif Ali Zardari here at the Aiwan-e-Sadr on Thursday. Matters relating to law and order, political situation and uplift projects in the province were discussed in the meeting.
Published 22 Apr, 2011 12:00am
Boy killed in land mine blast

Boy killed in land mine blast

A 12-year old boy was killed in a land mine blast occurred in the precincts of Sadar Levis Thana on Thursday. An official of Levis Force said that one Mahwar was killed when he stepped on a land mine planted by unidentified men in the Rabi canal area of t
Published 22 Apr, 2011 12:00am
PPA for enhancing pharmacists' pay scale to SPS-9

PPA for enhancing pharmacists' pay scale to SPS-9

The Pakistan Pharmacists Association (PPA) has urged the government to enhance pay scale of pharmacists from SPS-8 to SPS-9, as has been approved for the young doctors. Pharmacists working in federal hospitals as well as in the provinces during a protest
Published 22 Apr, 2011 12:00am
FUUAST holds third convocation

FUUAST holds third convocation

With the grace of All Mighty Allah, Federal Urdu University of Arts, Sciences and Technology Islamabad conducted its third convocation on 21st April 2011 at Convention Centre, Islamabad. Chairman HEC, Professor Dr Javaid R. Laghari graced the occasion as
Published 22 Apr, 2011 12:00am
Gas pipeline blown up in Quetta

Gas pipeline blown up in Quetta

Unidentified men blew up gas pipeline and supply of gas was suspended to some areas in Eastern Bypass area of Quetta on late Wednesday night. According to the police, unidentified men had attached explosive materials with gas pipeline, which was exploded.
Published 22 Apr, 2011 12:00am
US MIDDAY: gold hits record for fifth session

US MIDDAY: gold hits record for fifth session

Gold prices rallied to record highs on Thursday for a fifth straight session and silver soared, as the dollar index tumbled for a third day, prompting investors to buy bullion as a currency hedge Gold, which jumped above $1,500 an ounce for the first time
Published 22 Apr, 2011 12:00am
US MIDDAY: wheat, soya jump

US MIDDAY: wheat, soya jump

US wheat futures rose 1.8 percent on Thursday as poor weather threatened crops in key production areas of North America and Europe and as the dollar fell to its lowest point in nearly three years. Corn rebounded from the prior session's 2 percent slide as
Published 22 Apr, 2011 12:00am
US MIDDAY: Coffee and cocoa down

US MIDDAY: Coffee and cocoa down

Arabica coffee futures finished lower in thin trading Thursday as Wednesday's rally to a 34-year high was viewed as overdone, traders said. US cocoa futures also saw light dealings and eased on book-squaring ahead of the long weekend, while raw sugar reve
Published 22 Apr, 2011 12:00am
Gold hits fresh record in London trade

Gold hits fresh record in London trade

Gold prices hit record highs for a fifth session on Thursday and silver rallied to its strongest since 1980 as the dollar slid to a three-year low against a basket of major currencies. The action in the currency markets added fuel to a rally sparked by co
Published 22 Apr, 2011 12:00am
Gold stays at lifetime high in Asia

Gold stays at lifetime high in Asia

Bullion powered to a lifetime high for a fifth consecutive session on Thursday on a sharply weaker dollar, while lingering tensions in the Arab world, worries about the eurozone crisis and US fiscal health offered additional support. Spot gold rose to a r
Published 22 Apr, 2011 12:00am
US gold hits record above $1,500

US gold hits record above $1,500

US gold futures rose above $1,500 an ounce for the first time on Wednesday, extending this week's run of record highs as investors sought to hedge growing inflation risks and bought into a broad commodities rally. COMEX June gold futures settled up $3.8 a
Published 22 Apr, 2011 12:00am
Liffe coffee eases

Liffe coffee eases

Liffe July robusta coffee closed $47 lower at $2,435 a tonne on Thursday, weighed down by expectations that large volumes of coffee were en route to Europe from Vietnam. Liffe August white sugar rose $0.40 to close at $639.10 a tonne as large crops from k
Published 22 Apr, 2011 12:00am
Malaysian palm oil slips

Malaysian palm oil slips

Malaysian palm oil slipped on Thursday after top producer Indonesia cut its export tax for next month, potentially attracting orders away from Malaysia. Palm oil exports from Malaysia, the No 2 supplier, have lagged since December, when higher prices in t
Published 22 Apr, 2011 12:00am
Coffee at 34-year peak

Coffee at 34-year peak

Arabica coffee prices closed at a 34-year high but pared gains after jumping above $3 per lb on Wednesday, on a high-quality bean shortage, bullish charts and a broad commodities rally fuelled by a weaker dollar. Sugar surged in its biggest one-day percen
Published 22 Apr, 2011 12:00am
US soyabeans up

US soyabeans up

US soyabean futures ended higher on Wednesday, holding early gains as crude oil stayed firm and the US dollar weakened, which allowed soy to shrug off losses in corn, traders said. Soyabean prices retreated from early highs but retained some of their gain
Published 22 Apr, 2011 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Key Tokyo rubber futures rose 2.3 percent in early morning trade on Thursday as big earnings surprises in the Wall Street boosted hopes for a sustained global economic recovery and pushed up oil prices. The key Tokyo Commodity Exchange rubber contract for
Published 22 Apr, 2011 12:00am
Brent, crude rise

Brent, crude rise

Brent crude edged up and US crude pushed above $112 a barrel on Thursday in volatile trading ahead of a long holiday weekend on lift from the dollar's weakness. Investors bought oil as a hedge against the slumping dollar, which fell for a third straight d
Published 22 Apr, 2011 12:00am
Copper rallies

Copper rallies

Copper rallied to its highest in more than a week on Thursday as supply concerns and a weak US dollar lifted prices, while investors shrugged off data showing a large drop in Chinese imports of the metal last month. Benchmark copper on the London Metal Ex
Published 22 Apr, 2011 12:00am
Shanghai copper up

Shanghai copper up

The most active Shanghai copper contract, June, rose 0.6 percent to 71,480 yuan on Thursday. Chinese refined copper imports recovered 22 percent from February to 192,161 tonnes, but were still down around 20 percent from January. Imports in February were
Published 22 Apr, 2011 12:00am
US copper soars

US copper soars

Copper rose to its highest in a week on Wednesday after the US housing market showed more signs of revival, strong earnings boosted US equities and the dollar hit a 15-month low against the euro. Signs that demand may be picking up also boosted aluminium
Published 22 Apr, 2011 12:00am
New York cotton futures tumble

New York cotton futures tumble

US cotton futures tumbled again on Wednesday, with most of the decline in nearby contracts attributed to switches ahead of first notice day, and some brokers said negative technical charts and ample supplies anticipated in the global market have also pres
Published 22 Apr, 2011 12:00am
Doha trade deal in 'serious doubt': WTO chief

Doha trade deal in 'serious doubt': WTO chief

Getting a global free trade deal agreed in 2011 is in serious doubt as developed nations and emerging giants are locked in disagreements over industrial tariff cuts, the WTO head warned Thursday. "My frank assessment is that under the right conditions ...
Published 22 Apr, 2011 12:00am
Uzbekistan signs China deals worth $5 billion

Uzbekistan signs China deals worth $5 billion

Uzbekistan and China signed investment deals worth more than $5 billion and agreed to expand natural gas supplies during a visit by President Islam Karimov to Beijing this week, Uzbek state media reported on Thursday. Leading Chinese banks agreed to open
Published 22 Apr, 2011 12:00am
Surprise UK retail sales rise fails to lift gloom

Surprise UK retail sales rise fails to lift gloom

British retail sales rose unexpectedly in March, helped by stronger food sales but doing little to alter a picture of fragile consumer demand that is deterring the Bank of England from raising interest rates. Other data showed the government borrowed slig
Published 22 Apr, 2011 12:00am
Trichet sees no second-round effects, backs strong dollar

Trichet sees no second-round effects, backs strong dollar

European Central Bank chief Jean-Claude Trichet said on Thursday that this month's rate increase would not necessarily be the first in a series and that there were no significant signs of second-round inflationary effects. "We have not taken the decision
Published 22 Apr, 2011 12:00am
China signals ready to invest more in Europe

China signals ready to invest more in Europe

China stands ready to commit more money to help stabilise the eurozone by buying more bonds after investing billions of euros in the debt of Portugal and Greece, a senior Chinese official said on Thursday. Song Zhe, China's ambassador to the European Unio
Published 22 Apr, 2011 12:00am
Pepsi inks deal for $60 million Afghan bottling plant

Pepsi inks deal for $60 million Afghan bottling plant

PepsiCo has signed a deal with the Dubai-based Alokozay Group to set up a $60 million bottling plant in Kabul, Afghanistan, the company said in a statement on Thursday. PepsiCo "signed an Exclusive Bottling Appointment (EBA) with the Alokozay Group of Com
Published 22 Apr, 2011 12:00am
Morgan Stanley profit not as bad as many feared

Morgan Stanley profit not as bad as many feared

Morgan Stanley's first-quarter profit fell less than many analysts had forecast thanks to stronger-than-expected fixed-income trading results. The bank's shares rose 3.5 percent, even as the bank posted a nearly 50 percent decline in earnings. Revenue in
Published 22 Apr, 2011 12:00am
Morgan Stanley profit not as bad as many feared

Morgan Stanley profit not as bad as many feared

Morgan Stanley's first-quarter profit fell less than many analysts had forecast thanks to stronger-than-expected fixed-income trading results. The bank's shares rose 3.5 percent, even as the bank posted a nearly 50 percent decline in earnings. Revenue in
Published 22 Apr, 2011 12:00am
US economy struggles for momentum

US economy struggles for momentum

Factory activity in Middle Atlantic states braked sharply in April and the number of Americans claiming new jobless benefits fell less than expected, implying the economy was struggling to regain momentum. Other data on Thursday showed steep declines in h
Published 22 Apr, 2011 12:00am
Apple crushes forecasts again, iPad backlogged

Apple crushes forecasts again, iPad backlogged

Apple Inc's results smashed Wall Street's expectations after iPhone and Mac sales scaled new heights while iPad supplies could not keep up with roaring global demand. Shares of the world's most valuable technology corporation rose 3 percent after it said
Published 22 Apr, 2011 12:00am
Nokia first quarter beats forecasts, nails Microsoft deal

Nokia first quarter beats forecasts, nails Microsoft deal

Nokia Oyj's earnings fell less than expected in the first quarter and the company signed a final agreement to start using Microsoft Corp software, sending its shares 3 percent higher. But gains were capped by the company's forecast for profits to fall in
Published 22 Apr, 2011 12:00am
Nokia first quarter beats forecasts, nails Microsoft deal

Nokia first quarter beats forecasts, nails Microsoft deal

Nokia Oyj's earnings fell less than expected in the first quarter and the company signed a final agreement to start using Microsoft Corp software, sending its shares 3 percent higher. But gains were capped by the company's forecast for profits to fall in
Published 22 Apr, 2011 12:00am
Troubled Kabul Bank to be split amid scandal

Troubled Kabul Bank to be split amid scandal

Afghanistan's troubled Kabul Bank is being split into a "good bank" and a "bad bank" in a desperate bid to save it from collapse, the central bank said. The announcement is the latest twist in a scandal involving figures close to President Hamid Karzai -
Published 22 Apr, 2011 12:00am
Obama moves to target oil price 'fraud'

Obama moves to target oil price 'fraud'

The US Justice Department announced a probe into oil price fraud and speculation Thursday, hoping to limit the rise in pump prices that have gas-hungry Americans up in arms. Two days after President Barack Obama pointed the finger at oil "speculators" for
Published 22 Apr, 2011 12:00am
Lawsuits fly in BP's Gulf oil spill blame game

Lawsuits fly in BP's Gulf oil spill blame game

BP and its partners involved in the Gulf of Mexico oil spill have unleased a $100 billion-plus barrage of legal claims a year after the rig blast killed 11 workers and created an environmental disaster. On the anniversary of the disaster, BP filed suits t
Published 22 Apr, 2011 12:00am
Toyota recalls 300,000 US suvs on faulty sensor

Toyota recalls 300,000 US suvs on faulty sensor

Toyota announced Thursday it is recalling more than 300,000 sport utility vehicles in the United States to fix faulty airbag sensors. The automaker said the sensors - which are designed to detect vehicle roll angle - can malfunction and inadvertently caus
Published 22 Apr, 2011 12:00am
More nuclear accidents are likely: Ban

More nuclear accidents are likely: Ban

The world must prepare for more nuclear accidents on the scale of Chernobyl and Japan's Fukushima Dai-ichi plant, the UN chief warns, saying that grim reality will demand sharp improvements in international co-operation. UN Secretary-General Ban Ki-moon a
Published 22 Apr, 2011 12:00am
Pope warns of falling belief in West

Pope warns of falling belief in West

Pope Benedict lamented the widespread abandonment of religion in Western countries at a Holy Thursday ceremony, saying the heartlands of Christianity were turning away from their faith. The German-born pontiff said during the service at St. Peter's Basili
Published 22 Apr, 2011 12:00am
Cuba's 'Ladies in White' receive US rights award

Cuba's 'Ladies in White' receive US rights award

A Cuban opposition group whose members are wives and relatives of jailed dissidents received a major human rights award Thursday from the US State Department. The Ladies in White group - known in Cuba as "Las Damas de Blanco" - received the Human Rights D
Published 22 Apr, 2011 12:00am
US military hands over pro-Taliban captive to Germany

US military hands over pro-Taliban captive to Germany

The US military handed over an alleged jihadist captured in Afghanistan to German police Thursday and he is likely to face terrorism charges, prosecutors in Karlsruhe said. Police from Hamburg, apparently the home town of the 36-year-old, took custody of
Published 22 Apr, 2011 12:00am
AU lifts Ivorian sanctions

AU lifts Ivorian sanctions

The African Union lifted sanctions on Ivory Coast on Thursday, ending four months of diplomatic isolation, but fighting between armed groups underscored the challenges facing the new president. The AU's move follows President Alassane Ouattara's victory i
Published 22 Apr, 2011 12:00am
Queen Elizabeth marks 85th with wedding venue trip

Queen Elizabeth marks 85th with wedding venue trip

Queen Elizabeth II celebrated her 85th birthday Thursday by visiting London's Westminster Abbey, in a useful rehearsal for the wedding of her grandson Prince William next week. The monarch attended the Royal Maundy service, an Easter tradition whereby the
Published 22 Apr, 2011 12:00am
Gulf plan sees three-month Yemen power transfer

Gulf plan sees three-month Yemen power transfer

A new version of a Gulf Arab proposal to end Yemen's political crisis calls for a three month transition that would end with a presidential election, a senior Yemeni official told Reuters on Thursday. The Gulf Co-operation Council's secretary general pres
Published 22 Apr, 2011 12:00am
Dozens dead, many missing as Bangladesh ferry sinks

Dozens dead, many missing as Bangladesh ferry sinks

A ferry carrying more than 100 people capsized in Bangladesh on Thursday after colliding with another vessel, killing at least 28 people, police said. The death toll was expected to rise with some passengers believed trapped inside the ferry and dozens mi
Published 22 Apr, 2011 12:00am
Mortars pound Misrata; West talks of tougher action

Mortars pound Misrata; West talks of tougher action

Libyan government troops pounded the besieged rebel-held city of Misrata overnight, undeterred by Western threats to step up military action against Muammar Qadhafi's forces. Mortar fire killed at least three rebels and wounded 17 in attacks on Tripoli St
Published 22 Apr, 2011 12:00am
Assad ends state of emergency

Assad ends state of emergency

President Bashar al-Assad ended Syria's state of emergency, in effect for nearly 50 years, on Thursday in a bid to defuse pro-democracy protests against his authoritarian rule that have gripped the country for over a month. His announcement, ratifying a l
Published 22 Apr, 2011 12:00am
Japan makes no-go nuclear zone

Japan makes no-go nuclear zone

Japan said on Thursday it would ban anyone entering a 20-km (12-mile) evacuation zone around the Fukushima Daiichi nuclear plant north of Tokyo, weeks after the tsunami-wrecked facility began leaking radiation. An earthquake with a magnitude of 6.3 hit ea
Published 22 Apr, 2011 12:00am
'Iran cell planned attacks in Kuwait'

'Iran cell planned attacks in Kuwait'

Kuwait's foreign minister said on Thursday an Iranian spy cell uncovered by the Gulf Arab state last year monitored the US military presence and possessed explosives to bomb "strategic" facilities. "We are talking about a cell whose task was not only to m
Published 22 Apr, 2011 12:00am
25 Iraqis die as bus plunges into valley

25 Iraqis die as bus plunges into valley

Twenty-five Iraqis died and 20 were injured Thursday when their bus hit two trucks and plunged into a valley between Damascus and the central city of Homs, the official news agency Sana said. "The driver of the bus carrying the travellers along the road f
Published 22 Apr, 2011 12:00am
First win since 1993: Zulqarnain ditches plans to return home

First win since 1993: Zulqarnain ditches plans to return home

Former Pakistan wicket-keeper Zulqarnain Haider on Thursday abandoned plans to return to the country later this week from London, saying he had received more death threats. "I received death threats from a Pakistani caller Wednesday night and that made me
Published 22 Apr, 2011 12:00am
Dubai group buys Spain's Getafe

Dubai group buys Spain's Getafe

Royal Emirates Group, which is chaired by a member of Dubai's ruling Al-Maktoum family, announced on Thursday it has signed a deal to buy struggling Spanish La Liga football club Getafe. The group's managing director Kaiser Rafiq told a news conference in
Published 22 Apr, 2011 12:00am
Challenging task for Pakistan versus West Indies in ODIs

Challenging task for Pakistan versus West Indies in ODIs

Pakistan will have a tough task when it goes head to head with the West Indies in a five-ODI series starting on Saturday in St Lucia, a country where it lost a sensational ICC World Twenty20 2010 semi-final by three wickets to Australia 11 months back.
Published 22 Apr, 2011 12:00am
PCB starts educating players, officials on corruption

PCB starts educating players, officials on corruption

The Pakistan Cricket Board (PCB) has launched a programme to educate cricketers and officials on how to avoid corruption and be on their best behaviour in the sport. "We have held lectures for all the regional teams including coaches who are part of the d
Published 22 Apr, 2011 12:00am
PFF chief praises Wapda of win over Nepal Police

PFF chief praises Wapda of win over Nepal Police

Pakistan Football Federation (PFF)'s President Faisal Saleh Hayat and AFC Legal Committee Chairman has expressed delight and congratulated Pakistan Wapda team for their stubborn, committed and high-spirited display for beating Nepal Police Club 2-0 in Gro
Published 22 Apr, 2011 12:00am
Former Germany star Kahn heavily fined for tax evasion

Former Germany star Kahn heavily fined for tax evasion

Former Germany goalkeeper Oliver Khan has been fined 125,000 euros (182,223 US dollars) in court for failing to declare more than 6,000 euros of luxury clothing he bought on a trip to Dubai. The 41-year-old was fined for tax evasion by a regional court in
Published 22 Apr, 2011 12:00am
Ronaldo seals dramatic Spanish Cup win for Real

Ronaldo seals dramatic Spanish Cup win for Real

Real Madrid claimed their first trophy under Jose Mourinho in dramatic fashion when Cristiano Ronaldo's extra-time winner secured a 1-0 King's Cup final victory over arch-rivals Barcelona on Wednesday. With penalties looming in a tense and occasionally br
Published 22 Apr, 2011 12:00am
Ramos drops King's Cup: under a bus

Ramos drops King's Cup: under a bus

Sergio Ramos suffered an embarrassing mishap during Real Madrid's celebration of Wednesday's King's Cup triumph when he dropped the trophy under a bus at their victory parade. Defender Ramos, one of the club captains and a world champion with Spain last y
Published 22 Apr, 2011 12:00am
India says no decision on resuming cricket ties

India says no decision on resuming cricket ties

Indian Foreign Secretary Ms Nirupama Rao says no decision has been taken on resuming cricket ties with Pakistan, ending for the moment speculation that had grown after last month's World Cup semi-final in Mohali between two countries teams.
Published 22 Apr, 2011 12:00am
Pakistan snooker squad off to Indore for Asian Snooker

Pakistan snooker squad off to Indore for Asian Snooker

A four-member Pakistan snooker squad left here on Thursday for Indore (India) via Mumbai to feature in the 27th Asian Snooker Championship being staged there from April 23 to 30. Asian championship runner-up Muhammad Sajjad, Imran Shahzad and Muhammad Sha
Published 22 Apr, 2011 12:00am
Nadal stretches clay win streak to 31 matches

Nadal stretches clay win streak to 31 matches

Top seed Rafael Nadal extended his current clay court win streak to 31 matches as the Spaniard overcame an early run of breaks to post a 6-3, 6-1 victory over Santiago Giraldo on Thursday at the ATP Barcelona Open. Nadal is bidding for a sixth title at hi
Published 22 Apr, 2011 12:00am
Swiss franc soars

Swiss franc soars

The Swiss franc soared to a fresh peak against the dollar on Thursday as investors broadly shunned the greenback in favour of riskier assets. The Swiss franc soared to a fresh record of 0.8846 per dollar according to dealing platform EBS. It was trading j
Published 22 Apr, 2011 12:00am
Money markets: overnight rate could fix at highest since March 2009

Money markets: overnight rate could fix at highest since March 2009

The rate at which banks borrow euros overnight may settle at its highest since March 2009 on Thursday as banks rush to meet their reserve needs with the ECB before Easter, but it should fall after next week's cash tenders. Traders said banks were paying 1
Published 22 Apr, 2011 12:00am
Singapore dollar, won soar

Singapore dollar, won soar

The Singapore dollar hit a fresh record high on Thursday as investors chased higher-yielding and riskier assets, while the South Korean won rose to a 32-month peak despite an estimated $2-billion intervention by foreign exchange authorities. Emerging Asia
Published 22 Apr, 2011 12:00am
Indian rupee erases gains

Indian rupee erases gains

The Indian rupee erased intraday gains on Thursday as strong dollar demand from oil companies offset comfort from the euro's rise and positive local stocks. The partially convertible rupee ended at 44.3650/3750 per dollar after touching 44.23 during the d
Published 22 Apr, 2011 12:00am
Australian soars, New Zealand dollar at three-year peak

Australian soars, New Zealand dollar at three-year peak

The Australian dollar soared to a fresh 29-year summit and the kiwi to a three-year peak against a broadly battered US currency on Thursday, as a voracious appetite for risk fuelled a raging rally in commodities and stocks. It scaled a session summit of $
Published 22 Apr, 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. 72.73/72.88 (previous 72.75/72.83). Call Money Rates: 6.00-12.00 percent (previous 6.00-12.00 percent).
Published 22 Apr, 2011 12:00am
Dollar plummets

Dollar plummets

The dollar plummeted on Wednesday against major and emerging market currencies as the prospect that US interest rates would remain at record lows encouraged investors to seek higher returns elsewhere. The euro hit a 15-month high above $1.45, while rising
Published 22 Apr, 2011 12:00am
Early trade in New York: dollar succumbs to weight of debt

Early trade in New York: dollar succumbs to weight of debt

The US dollar tumbled for the third straight day on Thursday, as super-low interest rates and the crushing weight of a massive budget deficit pushed the greenback closer to an all-time low. The dollar's slide accelerated days after Standard & Poor's spark
Published 22 Apr, 2011 12:00am
Dollar tumbles to three-year low in London

Dollar tumbles to three-year low in London

The dollar hit a three-year low against a basket of currencies on Thursday as strong corporate earnings buoyed risk appetite in illiquid pre-Easter trade, threatening to drive the greenback to historic lows. Ongoing expectations the Federal Reserve will k
Published 22 Apr, 2011 12:00am
Dollar plunges in Asia

Dollar plunges in Asia

The dollar tumbled to a three-year low against a basket of currencies on Thursday, with market players selling the greenback to buy buoyant risky assets in a move that threatens to drive the dollar index towards its historic low. The dollar has taken a hi
Published 22 Apr, 2011 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling rose to a 16-month high against a broadly weaker dollar on Thursday and gained versus the euro after British retail sales rose unexpectedly, but uncertainty remained about economic growth in the UK. Sterling rose over 1 percent on the day versus
Published 22 Apr, 2011 12:00am
Yuan remains higher

Yuan remains higher

The yuan closed up against the dollar on Thursday after hitting a record high and climbing more than 1 percent for the first time so far this year, as the People's Bank of China hastened to let the currency appreciate while the US Dollar Index tumbled to
Published 22 Apr, 2011 12:00am
UK's top share index down

UK's top share index down

Mixed corporate earnings persuaded investors to consolidate recent gains as Britain's top share index closed marginally lower on Thursday, ahead of the long bank holiday weekend. The FTSE 100 index closed down 3.96 points or 0.1 percent at 6,018.30, havin
Published 22 Apr, 2011 12:00am
European shares soar

European shares soar

European shares closed at their highest in more than a week on Thursday as earnings from the likes of AkzoNobel and US tech bellwether Apple helped eclipse economic worries. The pan-European FTSEurofirst 300 index of top shares rose 0.4 percent to 1,142.5
Published 22 Apr, 2011 12:00am
Indian shares rise

Indian shares rise

Robust foreign fund investments and strong world equities helped Indian shares rise for a third straight session and close 0.7 percent higher on Thursday, with Reliance Industries leading the gains. Energy major Reliance rose 1.4 percent ahead of its quar
Published 22 Apr, 2011 12:00am
Tokyo stocks stay up

Tokyo stocks stay up

Tokyo stocks rose for a second straight day on Thursday, helped by robust results from Apple Inc and upbeat outlooks from other US manufacturers, but mixed signals on supply chain woes kept investors on tenterhooks ahead of Japanese earnings. The March 11
Published 22 Apr, 2011 12:00am
Hong Kong, China shares up

Hong Kong, China shares up

Hong Kong stocks ended the week with mild gains, led by large-caps, as investors used earlier weakness to load up on laggard stocks with a view that the market may head higher in coming months. China Unicom Ltd was the biggest gainer. Energy, supported b
Published 22 Apr, 2011 12:00am
Most South East Asian stocks gain

Most South East Asian stocks gain

Most major Southeast Asian stock markets edged higher on Thursday with a global oil price surge boosting appetite for resource shares, although gains were offset by investors cashing in recent climbers ahead of market holidays. Market players generally tu
Published 22 Apr, 2011 12:00am
NYSE board rejects sweetened bid from Nasdaq, ICE

NYSE board rejects sweetened bid from Nasdaq, ICE

NYSE Euronext directors rejected as too risky and lacking value a sweetened take-over offer from Nasdaq OMX Group and IntercontinentalExchange, the second time in 11 days the board unanimously backed a lower bid from Germany's Deutsche Boerse AG. This wee
Published 22 Apr, 2011 12:00am
US Treasuries slip

US Treasuries slip

US Treasuries are seen likely to continue recent gains, even as prices slipped on Wednesday, as interest rate fears and worries that policymakers will be too slow to raise the debt ceiling may be overstated. Treasuries prices fell in light volumes as stro
Published 22 Apr, 2011 12:00am
US Treasuries slip

US Treasuries slip

US Treasuries are seen likely to continue recent gains, even as prices slipped on Wednesday, as interest rate fears and worries that policymakers will be too slow to raise the debt ceiling may be overstated. Treasuries prices fell in light volumes as stro
Published 22 Apr, 2011 12:00am
Dow ends near three-year high

Dow ends near three-year high

Big earnings surprises gave a positive turn to investor sentiment on Wednesday, propelling US stocks to their best day in a month and lifting the Dow industrials to their highest in almost three years. Investors had been set up for a series of disappointm
Published 22 Apr, 2011 12:00am
Thursday's midday trade: Wall Street cheers results

Thursday's midday trade: Wall Street cheers results

US stocks rose on Thursday as a flurry of strong earnings reports lifted big names like Apple, but underwhelming economic data and caution ahead of the long weekend kept gains in check. The S&P 500 bumped up once more close to 1,340, a level that has trig
Published 22 Apr, 2011 12:00am
Seoul shares post fresh high

Seoul shares post fresh high

Seoul shares rose on Thursday, lifted by rallies in technology issues and crude oil refiners, but shares in Hana Financial Group fell after news Goldman Sachs sold a stake in the group. The Korea Composite Stock Price Index finished up 1.32 percent at 2,1
Published 22 Apr, 2011 12:00am
Middle East markets: Dana Gas, Emaar lift UAE

Middle East markets: Dana Gas, Emaar lift UAE

United Arab Emirates bourses rose on Thursday with blue chip Dana Gas pushing up Abu Dhabi's index after the company said it plans a second listing in London. Dana Gas rose 2.9 percent with investors upbeat on possible increase of liquidity for the compan
Published 22 Apr, 2011 12:00am
Slump continues on cotton market

Slump continues on cotton market

Deterioration in the textile industry, faltering New York cotton futures (ICE) prices, wholesome arrivals of new crop cotton in Australia, Brazil and Argentina, general downturn in the global economic condition and widespread social, political and economi
Published 22 Apr, 2011 12:00am
Slump continues on cotton market

Slump continues on cotton market

Deterioration in the textile industry, faltering New York cotton futures (ICE) prices, wholesome arrivals of new crop cotton in Australia, Brazil and Argentina, general downturn in the global economic condition and widespread social, political and economi
Published 22 Apr, 2011 12:00am
Oil cake market rates

Oil cake market rates

The May vaida managed to recover modestly but the July contract was unchanged on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The May vaida that had closed at Rs 1329.20 opened with a gain of 30 paisa at Rs 1329.
Published 22 Apr, 2011 12:00am
Most of Argentina's soya crop harvested: Exchange

Most of Argentina's soya crop harvested: Exchange

More than 54 percent of Argentina's 2010/11 soya crop has been brought in despite wet weather over the last week that delayed harvesting, the Buenos Aires Grains Exchange said in its weekly report on Wednesday. Progress in harvesting soyabeans advanced 11
Published 22 Apr, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 58,634 tonnes of cargo including 38,555 tonnes of import cargo, 20,079 tonnes of export cargo and 2,428 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 38,555 tonnes compri
Published 22 Apr, 2011 12:00am
India raises local wheat purchase price

India raises local wheat purchase price

India has raised the price it pays to buy wheat from local farmers by 4.5 percent to 11,700 rupees ($264.2) per tonne, a government statement said on Thursday, to ensure better returns to farmers. Farmers in India, the world's second-biggest wheat produce
Published 22 Apr, 2011 12:00am
Minor changes seen in low business on grain market

Minor changes seen in low business on grain market

Lean business was seen on the wholesale grain market on Thursday as leading buyers were sidelined most of the time in expectations of fall in the rates, dealers said. On the cereal side gur inferior type did not move any side, holding its overnight level
Published 22 Apr, 2011 12:00am
Indonesia to cut palm oil, cocoa export tax for May

Indonesia to cut palm oil, cocoa export tax for May

Indonesia will cut its palm oil export tax for May to 17.5 percent from 22.5 percent and reduce its cocoa bean export tax to 10 percent from 15 percent, Deddy Saleh, director general of foreign trade at the trade ministry, said on Thursday.
Published 22 Apr, 2011 12:00am
China to speed up reform of resource, property taxes

China to speed up reform of resource, property taxes

China will speed up reforms of resource and property-related taxes as well as the bank interest rate system this year, the China Securities Journal reported on Thursday, citing a cabinet meeting. The government will push forward key economic reforms with
Published 22 Apr, 2011 12:00am
South Korea eyes tougher forex controls as money pours in

South Korea eyes tougher forex controls as money pours in

South Korea on Thursday stepped up moves to control rapid inflows of mostly speculative money that threaten to fuel inflation, telling banks it could reduce their currency derivative holdings and buying about $2 billion to slow its surging currency.
Published 22 Apr, 2011 12:00am
German business morale dips; growth may be peaking

German business morale dips; growth may be peaking

German business sentiment weakened further in April from a two-decade high it hit in February, a survey showed, adding to evidence that growth rates in Europe's largest economy may be near their peak. Thursday's business climate index from the closely wat
Published 22 Apr, 2011 12:00am
US airlines results hit by soaring fuel costs

US airlines results hit by soaring fuel costs

Skyrocketing fuel costs and disasters in Japan took a bite of out major US airline earnings reported on Thursday, but higher fares helped the carriers, including United Continental Holdings, meet or beat Wall Street forecasts. United Continental, parent o
Published 22 Apr, 2011 12:00am
General Electric's profit beat fails to stir Wall Street

General Electric's profit beat fails to stir Wall Street

General Electric Co posted an 80 percent rise in first-quarter profit that topped Wall Street's expectations, helped by a strong recovery in its finance arm. But the results, which followed a series of better-than-expected earnings reports from top US man
Published 22 Apr, 2011 12:00am
General Electric's profit beat fails to stir Wall Street

General Electric's profit beat fails to stir Wall Street

General Electric Co posted an 80 percent rise in first-quarter profit that topped Wall Street's expectations, helped by a strong recovery in its finance arm. But the results, which followed a series of better-than-expected earnings reports from top US man
Published 22 Apr, 2011 12:00am
New York cotton

New York cotton

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

Published 22 Apr, 2011 12:00am
New York cotton

New York cotton

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

Published 22 Apr, 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 22 Apr, 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 Commi
Published 22 Apr, 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 (April 21, 2011).

Published 22 Apr, 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 (April 21, 2011).

Published 22 Apr, 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 (April 21, 2011).

Published 22 Apr, 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 (April 21, 2011).

Published 22 Apr, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 21, 2011).
Published 22 Apr, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 21, 2011).

Published 22 Apr, 2011 12:00am
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