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Archive - 2011-04-27
Nato air strike killed 12 Libyan rebels
Top News

Nato air strike killed 12 Libyan rebels

MISRATA: A doctor in a besieged Libyan city says a Nato air strike the previous day killed 12 rebels. Dr. Hassan Malita
Published 27 Apr, 2011 07:00pm
CJP seeks implementation of Article 25-A
Top News

CJP seeks implementation of Article 25-A

QUETTA: Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry has emphasized the need to implement Article 25-A of
Published 27 Apr, 2011 07:00pm
Naqvi appointed MD KSE
Markets

Naqvi appointed MD KSE

KARACHI: A prominent financial and capital market expert Nadeem Naqvi has been appointed as managing director of Karachi
Published 27 Apr, 2011 05:23pm
Dollar sinks to 3-year low
Financial

Dollar sinks to 3-year low

LONDON: The U.S. dollar plumbed a three-year low against other major currencies on Wednesday before a Federal Reserve de
Published 27 Apr, 2011 12:35pm
UBL reports higher profit
Top News

UBL reports higher profit

KARACHI: United Bank Limited (UBL) has posted a record consolidated profit before tax of Rs 3.395 billion for the first
Published 27 Apr, 2011 11:18am
Fletcher appointed India coach
Cricket

Fletcher appointed India coach

NEW DELHI: Former England coach Duncan Fletcher was on Wednesday appointed as India's new cricket coach, board officials
Published 27 Apr, 2011 07:29am
Shallow quake hits East Timor
Asia

Shallow quake hits East Timor

JAKARTA: A shallow earthquake measuring just one kilometre deep rattled East Timor early on Wednesday, the US Geological
Published 27 Apr, 2011 05:37am
Oil prices lower in Asian trade
Energy

Oil prices lower in Asian trade

SINGAPORE: World oil prices fell in Asia Wednesday as investors awaited a decision after a two-day policy meeting of the
Published 27 Apr, 2011 05:00am
MCB: banking on deposit growth
BR Research

MCB: banking on deposit growth

It takes persistent efforts to stay at the top, and MCB knows just how to do that. Bucking the industry-wide trend that usually sees a drop
Published 27 Apr, 2011 12:00am
National Bank of Pakistan
BR Research

National Bank of Pakistan

In a sharp contrast to its peers, NBPs first quarter results didn please investors a bit, as the banks profit level remained unchanged at l
Published 27 Apr, 2011 12:00am
Lotte buoys investor interest
BR Research

Lotte buoys investor interest

When Lotte Pakistan PTA revealed its results for 1QCY11, the phenomenal surge of about 6 percentage points in its net margins was not much o
Published 27 Apr, 2011 12:00am
Tri-Packs Stellar Performance
BR Research

Tri-Packs Stellar Performance

As FMCGs laugh all the way to the bank, it appears they are taking their suppliers along. Tri-Pack Films Limited is among the beneficiaries
Published 27 Apr, 2011 12:00am
Delay in wheat procurement: growers suffer a loss of Rs 2.15 billion

Delay in wheat procurement: growers suffer a loss of Rs 2.15 billion

Due to delay in wheat procurement, growers of only five districts in South Punjab have suffered a loss of Rs 2.15 billion where harvesting started from April 10. The Punjab Food Department (PFD) and the Pakistan Agricultural Storage and Services Corporati
Published 27 Apr, 2011 12:00am
Heat wave to continue till April 28

Heat wave to continue till April 28

Pakistan Meteorological Department on Tuesday forecast that the current heat wave gripping plain areas is likely to continue in most parts of the country till Thursday and will subside from Friday. It also predicted rains/dust-thundershowers in the 'baran
Published 27 Apr, 2011 12:00am
PIA to start direct flights from Multan to Jeddah shortly

PIA to start direct flights from Multan to Jeddah shortly

Pakistan International Airlines (PIA) plans to start Multan-Jeddah direct flights shortly to facilitate the people particularly Umra pilgrims of Southern Punjab who have to catch international flights from Karachi, Lahore or Islamabad, said Khawaja Muhamm
Published 27 Apr, 2011 12:00am
Russia interested in energy sector, mineral resources development

Russia interested in energy sector, mineral resources development

Andrey Vladimirovich Demidov, Consul-General of Russian Federation in Karachi, said here on Tuesday that Russia was interested in co-operation with Pakistan in energy sector development and to yield maximum potential in mineral resources fields.
Published 27 Apr, 2011 12:00am
Give him a free hand

Give him a free hand

Dr Ehtesham Ahmed, a former member of the board of directors of the International Monetary Fund (IMF), while addressing a seminar on the urgency of tax reforms made some revelations that confirmed a pervasive view held in this country: that the IMF extend
Published 27 Apr, 2011 12:00am
Creating new provinces

Creating new provinces

Speaking in Dera Ghazi Khan on Sunday, PML-N leader and Punjab Chief Minister Shahbaz Sharif came up with the explosive suggestion that "not only should new provinces be formed in southern Punjab, Karachi should also be made a new province." This obviousl
Published 27 Apr, 2011 12:00am
Wind power

Wind power

Wind turbine prices fall to their lowest in recent years. This is the caption of a report released recently by Bloomberg, a highly respectable organisation in the energy finance sector. The report reveals that the wind turbine prices have come down by 18%
Published 27 Apr, 2011 12:00am
Meeting the economic challenge

Meeting the economic challenge

Pakistan has been endowed with an extraordinarily important strategic location and great development potential. Pakistan occupies a strategic location at the crossroads of South Asia, Central Asia, China and the Middle East. It occupies a pivotal position
Published 27 Apr, 2011 12:00am
S&P should avoid downgrading of US sovereign debt

S&P should avoid downgrading of US sovereign debt

There is a growing fear that in the next couple of months the US financial market could be heading for a very difficult period due to its friendly quantitative easing approach. The US economy is paying the cost of its 2009 USD 787 billion stimulus package
Published 27 Apr, 2011 12:00am
DR ZAFAR ALTAF

DR ZAFAR ALTAF

His article carries historical and scientific errors. The country was in the grip of famine-like situation and long queues on ration depots to obtain a few kilogrammes of flour were a common sight. People had to wait for days for securing the supply of th
Published 27 Apr, 2011 12:00am
PTA against two holidays a week

PTA against two holidays a week

Pakistan Tanners Association (PTA) South Zone Chairman Aziz Ahmed on Tuesday strongly opposed the idea of two holidays a week for energy conservation. In a statement, he said that Pakistan's economy which is already in its lowest ebb and many sectors are
Published 27 Apr, 2011 12:00am
Pegasus announces new Managing Director

Pegasus announces new Managing Director

The leading B2B event organiser of Pakistan; Pegasus Consultancy (Pvt) Ltd has announced Aamer Khanzada as the new Managing Director. Khanzada, (formerly the Director of the company) will succeed Aasim A. Siddiqui who will continue to be the Chairman of t
Published 27 Apr, 2011 12:00am
USAID experts visit Jacobabad

USAID experts visit Jacobabad

A team of engineers and development experts, including USAID Officer In-charge for Sindh Julie Koenen visited Jacobabad to survey the District hospital and see needs of the community, said a press release here on Tuesday. During the visit, Julie said that
Published 27 Apr, 2011 12:00am
PBC welcomes political leadership meeting

PBC welcomes political leadership meeting

The Pakistan Business Council (PBC) has welcomed the meeting of senior leadership of the country's major political parties to discuss the possibility of agreeing to a minimum framework for developing consensus on a national economic agenda (NEA) in Islama
Published 27 Apr, 2011 12:00am
Entity ratings of DIBL upgraded

Entity ratings of DIBL upgraded

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has upgraded the entity ratings of Dawood Islamic Bank Limited (DIBL) from 'BBB+/A-3' (Triple B Plus/ A-Three) to 'A-/A-2' (A Minus/A-Two) with a Stable Outlook. The shareholding pattern of DIBL is expected to underg
Published 27 Apr, 2011 12:00am
Entity ratings of DIBL upgraded

Entity ratings of DIBL upgraded

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has upgraded the entity ratings of Dawood Islamic Bank Limited (DIBL) from 'BBB+/A-3' (Triple B Plus/ A-Three) to 'A-/A-2' (A Minus/A-Two) with a Stable Outlook. The shareholding pattern of DIBL is expected to underg
Published 27 Apr, 2011 12:00am
SU vice chancellor pays surprise visit to Sindhology Institute

SU vice chancellor pays surprise visit to Sindhology Institute

The Vice Chancellor University of Sindh Professor Dr Nazir A Mughal has paid surprise visit to Institute of Sindhology and inspected repair work of Pir Hissamuddin Rashidi Auditorium here on Tuesday. The Director of the Sindhology Muhammad Qasim Maka on t
Published 27 Apr, 2011 12:00am
Pakistani investors invited to invest in Bangladesh

Pakistani investors invited to invest in Bangladesh

High Commissioner of Bangladesh Subrab Hossain has invited Pakistan investors to invest in Bangladesh to benefit from the lucrative incentives the country if offering. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) here on Tuesda
Published 27 Apr, 2011 12:00am
Nadeem likely to take over as KSE managing director on May 15

Nadeem likely to take over as KSE managing director on May 15

Nadeem Naqvi is likely to take over as Managing Director of Karachi Stock Exchange (KSE) on May 15, 2011, it is learnt. The KSE Board of Directors in its meeting on Monday had approved the appointment of Nadeem Naqvi as managing director and sent its reco
Published 27 Apr, 2011 12:00am
Asif Saeed Sindhu named as acting MD/CEO of OGDCL

Asif Saeed Sindhu named as acting MD/CEO of OGDCL

Prime Minister Syed Yousuf Raza Gilani has appointed Asif Saeed Sindhu as acting MD/CEO OGDCL here on Tuesday. He has vast experience of more than 25 years in the field of Exploration & Production sector of Hydrocarbon resources in Pakistan. Asif Sindhu h
Published 27 Apr, 2011 12:00am
SSGC posts Rs 117.584 million as profit after tax

SSGC posts Rs 117.584 million as profit after tax

Sui Southern Gas Company (SSGC) has posted Rs 117.584 million as profit after tax in the quarter ended March 31, 2011 as compared to after tax loss of Rs 525.973 million in the corresponding quarter in 2010. The board of directors of the company in its me
Published 27 Apr, 2011 12:00am
SSGC posts Rs 117.584 million as profit after tax

SSGC posts Rs 117.584 million as profit after tax

Sui Southern Gas Company (SSGC) has posted Rs 117.584 million as profit after tax in the quarter ended March 31, 2011 as compared to after tax loss of Rs 525.973 million in the corresponding quarter in 2010. The board of directors of the company in its me
Published 27 Apr, 2011 12:00am
NBP earns Rs 6,403 million profit in first quarter

NBP earns Rs 6,403 million profit in first quarter

The National Bank of Pakistan (NBP) recorded pre-tax profit of Rs 6,403 million for the first quarter of 2011, which was marginally higher than corresponding period of last year. The bank's earning per share stood at Rs 3.14, almost at the same level as t
Published 27 Apr, 2011 12:00am
NBP earns Rs 6,403 million profit in first quarter

NBP earns Rs 6,403 million profit in first quarter

The National Bank of Pakistan (NBP) recorded pre-tax profit of Rs 6,403 million for the first quarter of 2011, which was marginally higher than corresponding period of last year. The bank's earning per share stood at Rs 3.14, almost at the same level as t
Published 27 Apr, 2011 12:00am
Government slammed for prolonged load shedding

Government slammed for prolonged load shedding

Jamaat-i-Islami chief, Syed Munawar Hasan, has condemned the unannounced loadshedding and power crisis, saying that this is due to the incompetence and obduracy of the government. He said that the rulers, who were squandering public money on personal luxu
Published 27 Apr, 2011 12:00am
HBL Income, Money Market Fund: third interim dividend announced

HBL Income, Money Market Fund: third interim dividend announced

The board of directors of HBL Asset Management Limited, the management company of HBL Income Fund and HBL Money Market Fund, in its meeting held on April 25, 2011 announced third interim dividend in the form of bonus units for 'A' and 'B' classes of units
Published 27 Apr, 2011 12:00am
HBL Income, Money Market Fund: third interim dividend announced

HBL Income, Money Market Fund: third interim dividend announced

The board of directors of HBL Asset Management Limited, the management company of HBL Income Fund and HBL Money Market Fund, in its meeting held on April 25, 2011 announced third interim dividend in the form of bonus units for 'A' and 'B' classes of units
Published 27 Apr, 2011 12:00am
MoP, oil and gas companies get new bosses

MoP, oil and gas companies get new bosses

In a major bureaucratic reshuffle, Prime Minister Syed Yousuf Raza Gilani on Tuesday appointed new secretaries of Petroleum and Defence Production ministries along with acting heads of three major oil and gas companies.
Published 27 Apr, 2011 12:00am
Capital police holds workshop for students

Capital police holds workshop for students

Capital police on Tuesday arranged a special workshop for students of various educational institutions. The objective of the workshop was to educate the students about traffic rules and inculcating better understanding for maintaining road discipline. The
Published 27 Apr, 2011 12:00am
Five criminals involved in car snatching arrested

Five criminals involved in car snatching arrested

Islamabad Police have arrested five persons involved in car snatching and recovered three stolen vehicles from them, a police spokesman said here on Tuesday. Station House Officer (SHO) Shehzad Town Police Station Inspector Raja Tahir Hussain was on regul
Published 27 Apr, 2011 12:00am
DIG NH&MP distributes cash reward among officers

DIG NH&MP distributes cash reward among officers

Deputy Inspector General (DIG) National Highway and Motorway Police (NH&MP) North Zone Abbas Hussain Malick distributed commendation certificates along with cash rewards among officers. The certificates and cash rewards were distributed amongst 42 officer
Published 27 Apr, 2011 12:00am
Police, LEA on high alert

Police, LEA on high alert

Police and all other law enforcement agencies were put on high alert after National Crisis Management Cell (NCMC) issued a terror alert regarding an expected attack on French Embassy. An extremist group is planning to attack on French Embassy in Islamabad
Published 27 Apr, 2011 12:00am
Tax expert terms SRO 283 anomalous

Tax expert terms SRO 283 anomalous

The Southern Regional Committee (SRC) of Institute of Chartered Accountants of Pakistan (ICAP) organised a seminar on "Zero rating and taxation at reduced rates under SRO 283(1)/2011" here at ICAP auditorium, which was addressed by Adnan Mufti FCA, Partne
Published 27 Apr, 2011 12:00am
SECP's eServices project wins international award

SECP's eServices project wins international award

The International Data Group, world's leading technology media, events and research company, has declared the eServices project of the Securities and Exchange Commission of Pakistan (SECP) a winner of its Laureate Gold Medal. According to a press release,
Published 27 Apr, 2011 12:00am
Senate body declares status of PHA as illegal

Senate body declares status of PHA as illegal

The special committee of Senate Standing Committee on Housing and Works on Tuesday declared the status of Pakistan Housing Authority (PHA) as illegal and unconstitutional, observing that it has been constituted under a resolution and not by an Act of the
Published 27 Apr, 2011 12:00am
FMOA for probe into irregularities in mining project

FMOA for probe into irregularities in mining project

General secretary, Frontier Mine Owners Association (FMOA), Khyber Pakhtunkhwa Haji Abdul Jalil has appealed the Chief Justice of Pakistan, Justice Iftikhar Mohammad Chaudhry for taking suo motu notice to probe the alleged financial irregularities in a me
Published 27 Apr, 2011 12:00am
SCCI supports MFN status to India

SCCI supports MFN status to India

Welcoming upcoming Commerce Secretary-level talks between Pakistan and India, Saarc Chamber of Commerce and Industry (SCCI) has supported the demand to accord Most Favoured Nation (MFN) status to India to widen economic and regional co-operation and accel
Published 27 Apr, 2011 12:00am
SU vice chancellor hosts welcome dinner

SU vice chancellor hosts welcome dinner

The Vice Chancellor University of Sindh Professor Dr Nazir A Mughal arranged a welcome dinner in honour of Dr Noushad Ahmed Shaikh Vice Chancellor of Liaquat University of Medical and Health Sciences (LUMHS) and Dr Abdul Qadeer Khan Rajput Vice Chancellor
Published 27 Apr, 2011 12:00am
Cash prizes for local-body election reporting

Cash prizes for local-body election reporting

An independent media development non-governmental organisation, the Intermedia, on Tuesday gave three cash prizes to media persons who, according to it, met the standards while reporting local-body elections. In a bid to maintain quality and standard in m
Published 27 Apr, 2011 12:00am
'CONNECT 2011' event set to blaze IT industry

'CONNECT 2011' event set to blaze IT industry

After the success of fifth consecutive exhibitions, sixth Information & Communications Technology Exhibition and Conference - (CONNECT 2011) is all set to blaze the IT industry. The exhibition will display state of the art technologies and innovative idea
Published 27 Apr, 2011 12:00am
US MIDDAY: silver, gold down

US MIDDAY: silver, gold down

Silver was on course for its largest one-day fall in six weeks on Tuesday after having hit a 31-year high in the previous session, while gold was pressured by investor uncertainty over the likely course of US monetary policy. Spot silver fell by as much a
Published 27 Apr, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper fell in London on Tuesday, catching up after a long holiday to steep losses in Asian and US markets, but COMEX copper ended slightly higher as investors sought bargains at the lows. In New York, COMEX prices edged higher after the sharp declines on
Published 27 Apr, 2011 12:00am
US MIDDAY: corn surges

US MIDDAY: corn surges

US corn futures rose to a two-week high on Tuesday as forecasts for rains in the US Midwest threatened to further delay spring planting, raising the value of extremely low old-crop stocks. Wheat futures dropped on a profit-taking setback despite a support
Published 27 Apr, 2011 12:00am
US MIDDAY: coffee rallies

US MIDDAY: coffee rallies

Arabica coffee futures rallied to close up 2 percent on Tuesday, flirting with last week's 34-year high with a lift from investor buying and the falling US dollar. The May raw sugar contract fell 0.13 cent to close at 24.94 cents per lb, while benchmark J
Published 27 Apr, 2011 12:00am
Silver, gold slide in European trade

Silver, gold slide in European trade

Silver was set for its largest one-day fall in six weeks on Tuesday after having hit fresh 31-year highs, while gold came under pressure from investor uncertainty over the likely course of US monetary policy. Spot silver fell earlier by as much as 4.9 per
Published 27 Apr, 2011 12:00am
Silver tumbles in Asia

Silver tumbles in Asia

Silver prices trimmed a fall on Tuesday that had ended the precious metal's surge to a record high, as option traders sold back metal to cover risks ahead of options expiry later in the day. US silver futures tumbled as much as 5.4 percent to $44.61 an ou
Published 27 Apr, 2011 12:00am
US silver surges, gold up

US silver surges, gold up

Silver surged as much as 8 percent on Monday before pulling back sharply when a failure to pierce the all time high from 1980 unleashed a wave of technical selling amid record volume in US futures. After briefly dipping into negative territory midmorning
Published 27 Apr, 2011 12:00am
Brent edges up

Brent edges up

Brent crude edged up in volatile trading while US crude ended little changed on Tuesday as investors eyed a US Federal Reserve two-day policy meeting for any signal of a change in monetary policy. The US dollar remained under pressure on expectations that
Published 27 Apr, 2011 12:00am
Copper slips, inventories at highest since mid-June

Copper slips, inventories at highest since mid-June

Copper fell on Tuesday, weighed by concerns that rising energy costs could hinder global growth prospects, while focus shifted to the next phase of US monetary policy, which may be clarified on Wednesday. Three-month copper on the London Metal Exchange cl
Published 27 Apr, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

LME metals fell across the board on Tuesday after the four-day Easter weekend, partially giving up recent gains, as traders wary of China's credit tightening trimmed risk exposure ahead of a Fed interest rate meeting and US GDP data due this week. Concern
Published 27 Apr, 2011 12:00am
US copper slides

US copper slides

COMEX copper prices closed with steep losses on Monday, failing to recover despite a surge in sales of new US homes, amid near-term economic outlooks in the US, UK and China that offer little reason to push industrial metals beyond current lofty levels. B
Published 27 Apr, 2011 12:00am
Tokyo rubber futures fall

Tokyo rubber futures fall

Key Tokyo rubber futures fell on Tuesday, hurt by a firmer yen and after Shanghai rubber futures declined on fears of further monetary tightening in China. The benchmark TOCOM rubber futures for October delivery, which debuted on Monday, fell nearly 3 per
Published 27 Apr, 2011 12:00am
US soyabeans higher

US soyabeans higher

US soyabean futures ended higher Monday after trading choppily on either side of unchanged in thin action, traders said. Prices, which hit a two-week high of $13.91-1/4 during the session, were boosted by higher US corn and wheat prices, but follow-throug
Published 27 Apr, 2011 12:00am
Liffe robusta rises

Liffe robusta rises

Liffe July robusta coffee rose $67 to close at $2,502 a tonne on Tuesday after setting a contract high of $2,549. Market bolstered by renewed strength in ICE arabicas, which surged back up towards a recent 34-year peak. Liffe August white sugar fell $6.00
Published 27 Apr, 2011 12:00am
Malaysian palm oil dips

Malaysian palm oil dips

Malaysian palm oil futures hit a near one-week low on Tuesday, as concerns about a higher production cycle, falling comparative oils and export numbers from the previous session weighed on prices. Benchmark July crude palm oil contract on Bursa Malaysia D
Published 27 Apr, 2011 12:00am
Coffee, sugar and cocoa fall

Coffee, sugar and cocoa fall

Arabica coffee futures did an about face and closed lower but remained within sight of last week's 34-year high on Monday, following the commodity complex down as the US dollar reversed higher. Raw sugar also finished weaker as business in the softs compl
Published 27 Apr, 2011 12:00am
Russian wheat exports loom, may pressure prices

Russian wheat exports loom, may pressure prices

Russia is likely to resume wheat exports later this year which will add to the global surplus of the grain, putting pressure on international prices, a US-based agriculture consultant said on Tuesday. Russia, typically the world's third largest wheat expo
Published 27 Apr, 2011 12:00am
Etihad Golf Club loyalty plan opens

Etihad Golf Club loyalty plan opens

Etihad Airways, the national airline of the United Arab Emirates (UAE) launched its exclusive Etihad Golf Club loyalty programme in Pakistan on April 23. Initiated in January 2010 and with over 4,000 members to date, the Etihad Golf Club loyalty programme
Published 27 Apr, 2011 12:00am
Major question getting on Westwood's nerves

Major question getting on Westwood's nerves

World number one Lee Westwood is growing increasingly weary with being asked about his failure to win a first major title and told reporters in Seoul on Tuesday the question was getting on his nerves. The Briton, speaking to reporters in Seoul ahead of th
Published 27 Apr, 2011 12:00am
Malinga defends retirement

Malinga defends retirement

Sri Lanka paceman Lasith Malinga on Tuesday brushed aside criticism that he quit Test cricket to be able to make quick money from tournaments such as the Indian Premier League. The injury-prone bowler invited controversy when he made himself unavailable f
Published 27 Apr, 2011 12:00am
Ahmed Shehzad century steers Pakistan to victory

Ahmed Shehzad century steers Pakistan to victory

Opener Ahmed Shehzad struck his second one-day international hundred to anchor Pakistan to a confident seven-wicket victory over West Indies on Monday. Shehzad hit seven fours and one six in his 102 from 148 balls as Pakistan successfully chased 221 for v
Published 27 Apr, 2011 12:00am
Organiser of Delhi Commonwealth Games removed

Organiser of Delhi Commonwealth Games removed

The Indian Olympic Association removed the organiser of the scandal-hit Delhi Commonwealth Games as its president on Tuesday, hours after a court ordered him held in custody on graft charges. Suresh Kalmadi, known for his powerful political and sporting c
Published 27 Apr, 2011 12:00am
Haas makes comeback

Haas makes comeback

Former world number two Tommy Haas made his comeback on Tuesday after missing 14 months through injury when he competed in the doubles event at the Munich Open. The 33-year-old German, who had reached his career-high ranking in May 2002 and played in four
Published 27 Apr, 2011 12:00am
Wounded Barcelona braced for latest Real duel

Wounded Barcelona braced for latest Real duel

With the Kings Cup final loss fresh in their minds, Barcelona are out for revenge when they face bitter rivals Real Madrid in Wednesday's eagerly-anticipated Champions League semi-first leg at the Santiago Bernabeu. It is the third meeting between the two
Published 27 Apr, 2011 12:00am
Real Madrid versus Barcelona head-to-head

Real Madrid versus Barcelona head-to-head

Champions League head-to-head record for Wednesday's semi-final first leg between Real Madrid and Barcelona (date, round, result):
Published 27 Apr, 2011 12:00am
Octopus predicts Real will reach Champions final

Octopus predicts Real will reach Champions final

An octopus named Iker, which correctly predicted the result of the last two "classicos" between Real Madrid and Barcelona, has foreseen Real will reach the final of the Champions League. Iker predicted Real would reach the final at London's Wembley arena
Published 27 Apr, 2011 12:00am
Kamran's father-in-law sues Zulqarnain

Kamran's father-in-law sues Zulqarnain

Within a day of touching down in Pakistan after being in hiding for five months in London, runaway wicketkeeper Zulqarnain Haider has landed in a legal soup with Kamran Akmal's father-in-law filing a Rs 100 million defamation case against him. Zulqarnain,
Published 27 Apr, 2011 12:00am
International Hockey optimism return to Pakistan this year

International Hockey optimism return to Pakistan this year

Pakistan Hockey Federation Secretary Asif Bajwa Tuesday expressed optimism that international hockey will return to the country this year. "We are confident of resuming international hockey activities in Pakistan within this year," he told newsmen. "We ar
Published 27 Apr, 2011 12:00am
Dzeko gives Manchester City precious victory

Dzeko gives Manchester City precious victory

Bosnia striker Edin Dzeko's first Premier League goal gave Manchester City a 1-0 win at struggling Blackburn Rovers on Monday to keep alive their hopes of a top-three finish. Second-half substitute Dzeko, bought for 30 million pounds ($47.81 million) from
Published 27 Apr, 2011 12:00am
European governments condemn Syria, security forces deploy

European governments condemn Syria, security forces deploy

Security forces deployed in a suburb of the Syrian capital and in the city of Banias on Tuesday, witnesses said, even as President Bashar al-Assad drew international criticism for sending in tanks to crush a revolt. In Deraa, the city where the uprising a
Published 27 Apr, 2011 12:00am
Obama meets Abu Dhabi crown prince

Obama meets Abu Dhabi crown prince

US President Barack Obama welcomed Abu Dhabi crown prince Sheikh Mohammed bin Zayed al-Nahayan to the White House Tuesday for talks likely to focus on turmoil in Libya, Syria and unrest in the wider Middle East. The meeting, in the Oval Office, was closed
Published 27 Apr, 2011 12:00am
India to set up independent nuclear watchdog

India to set up independent nuclear watchdog

India has decided to set up an independent watchdog to oversee all of its nuclear reactors in view of mounting concerns about the safety of such installations. Those concerns have intensified since an earthquake-spawned tsunami knocked out cooling systems
Published 27 Apr, 2011 12:00am
Tornado, floods kill seven in central US

Tornado, floods kill seven in central US

Severe storms that ripped through the central US left at least seven people dead in the state of Arkansas, officials said Tuesday, as flash flood warnings prompted mass evacuations in neighbouring Missouri. Strong storm winds and torrential downpours have
Published 27 Apr, 2011 12:00am
France and Italy call for reform of EU open-border treaty

France and Italy call for reform of EU open-border treaty

France and Italy proposed a reform of Europe's open-borders treaty on Tuesday that would allow member states to re-impose internal frontier controls temporarily in case of a major influx of migrants. French President Nicolas Sarkozy and Italian Prime Mini
Published 27 Apr, 2011 12:00am
Bangladeshi probe finds Grameen Bank flouted rules

Bangladeshi probe finds Grameen Bank flouted rules

The Bangladeshi bank that earned the Nobel Peace Price for pioneering small loans to lift people out of poverty flouted rules in its business activities, a government-appointed investigator said Tuesday. Grameen Bank violated its charter as a microlender
Published 27 Apr, 2011 12:00am
Bahrain expels diplomat, Iran warns of response

Bahrain expels diplomat, Iran warns of response

Bahrain has ordered the expulsion of an Iranian diplomat for alleged links to a spy ring in fellow Gulf Arab state Kuwait, state media said, in a further deterioration of relations with Tehran. The kingdom also sought criminal charges against 30 health mi
Published 27 Apr, 2011 12:00am
Two Indians get death penalty in Malaysia drug cases

Two Indians get death penalty in Malaysia drug cases

Officials say Malaysian courts have sentenced two Indian citizens to a mandatory penalty of death by hanging for separate cases of drug trafficking. An official in a High Court near Kuala Lumpur says businessman Samad Mohamed Sulthan was convicted Monday
Published 27 Apr, 2011 12:00am
US and Britain to step up pressure on Qadhafi

US and Britain to step up pressure on Qadhafi

British and US officials met on Tuesday to discuss how to step up military pressure on Muammar Qadhafi, as the Libyan leader's army fought fierce clashes with rebels in besieged Misrata. More than a month of air strikes in a British and French-led Nato mi
Published 27 Apr, 2011 12:00am
Yemen opposition to approve Gulf mediation deal

Yemen opposition to approve Gulf mediation deal

Yemen's opposition parties said Tuesday they will soon sign a deal mediated by neighbouring Gulf countries for the embattled president to step down, possibly defusing months of deadly government protests across this impoverished Arab nation. President Ali
Published 27 Apr, 2011 12:00am
CERN physics laboratory downplays claim of key discovery

CERN physics laboratory downplays claim of key discovery

The world's biggest particle physics lab on Tuesday played down claims of a major discovery, after a leaked memo hinting that the elusive Higgs boson or 'God particle' may have been found ricocheted around science websites. A spokesman for CERN, the Europ
Published 27 Apr, 2011 12:00am
Afghan forces recapture 65 from Kandahar jailbreak

Afghan forces recapture 65 from Kandahar jailbreak

Afghan forces have recaptured at least 65 of the prisoners who escaped from the south's largest prison, the government said Tuesday as it scrambled to recover from the massive security breach that allowed 480 inmates to be spirited out in a stunning jailb
Published 27 Apr, 2011 12:00am
China warns US not to interfere on human rights

China warns US not to interfere on human rights

China warned the United States on Tuesday not to overstep bounds in human rights talks this week that the State Department says will focus on an ongoing dissident crackdown that appears to be Beijing's most severe in years. China hopes the meeting will he
Published 27 Apr, 2011 12:00am
Sri Lanka rejects 'unofficial' UN war crimes report

Sri Lanka rejects 'unofficial' UN war crimes report

Sri Lanka on Tuesday rejected a report ordered by the UN chief blaming it for thousands of civilian deaths at end of its civil war, and said it can defend itself should the world body formally take up the accusations. On Monday, the United Nations publish
Published 27 Apr, 2011 12:00am
Swiss franc soars to fresh all-time peak

Swiss franc soars to fresh all-time peak

The Swiss franc surged to a fresh all-time peak against the dollar on Tuesday, with the greenback broadly under pressure on expectations the US central bank will keep policy loose at its upcoming meeting. The dollar hit a record low versus the Swiss franc
Published 27 Apr, 2011 12:00am
Yuan weakens slightly

Yuan weakens slightly

The yuan closed slightly weaker against the dollar on Tuesday after trading below the People's Bank of China's mid-point as the market awaited the central bank's signal for another leg of yuan appreciation against the dollar, traders said. The yuan has hi
Published 27 Apr, 2011 12:00am
Won, rupiah and peso down

Won, rupiah and peso down

The South Korean won and the Indonesian rupiah fell on Tuesday, leading declines in most regioanl currencies as investors took profits on recent rallies and awaited comments from the Federal Reserve that could determine the short-term direction of the US
Published 27 Apr, 2011 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee weakened on Tuesday as dollar demand from oil importers and negative shares weighed, but it ended off the day's low tracking the euro's gains against the greenback. The partially convertible rupee closed at 44.51/52 per dollar after dropp
Published 27 Apr, 2011 12:00am
New Zealand dollar bides time, Aussie softens

New Zealand dollar bides time, Aussie softens

The New Zealand dollar drifted and the Australian currency softened from recent highs on Tuesday ahead of central bank meetings later in the week while the head of the European Central Bank was seen talking up the US dollar. The New Zealand dollar spent m
Published 27 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 Tuesday. 72.84/72.92 (previous 72.82/72.90). Call Money Rates: 5.50-10.00 percent (previous 5.50-10.50 percent).
Published 27 Apr, 2011 12:00am
Dollar down versus euro

Dollar down versus euro

The euro rose against the dollar on Monday in a volatile but illiquid session with investors reluctant to make large bets in case the US Federal Reserve shows no sign this week of changing its easy monetary policy. With many markets closed for the Easter
Published 27 Apr, 2011 12:00am
Early trade in New York: Euro vaults to 16-month high

Early trade in New York: Euro vaults to 16-month high

The euro vaulted to a 16-month high against the dollar on Tuesday, with no respite in sight seen for the greenback as long as the US Federal Reserve continues to lag other major central banks in raising interest rates. The Federal Open Market Committee, t
Published 27 Apr, 2011 12:00am
Euro hits 16-month high versus dollar in London

Euro hits 16-month high versus dollar in London

The euro hit a 16-month high against the dollar on Tuesday, helped by demand from sovereign investors, with expectations that the US Federal Reserve will keep policy accommodative likely to see it extend its gains. The euro also got a boost from investor
Published 27 Apr, 2011 12:00am
Euro dips in Asia

Euro dips in Asia

The euro slipped on Tuesday after European Central Bank Governor Jean-Claude Trichet said he shares the view that a strong dollar is in the interest of United States, a comment taken by some market players as showing frustration over the dollar's relentle
Published 27 Apr, 2011 12:00am
Sterling stumbles

Sterling stumbles

Sterling slipped on Tuesday, stung by broad strength in the euro, and faces more selling pressure if weak UK GDP data further dampens expectations for an interest rate rise in the coming months. Traders said demand from a UK bank for euros against sterlin
Published 27 Apr, 2011 12:00am
Eonia seen slipping on higher cash excess

Eonia seen slipping on higher cash excess

The eurozone's key overnight lending rate is set to fall in coming days after banks increased demand for European Central Bank funds on Tuesday, lifting the cash surplus in the financial system. Overnight Eonia fixed at its highest in three years at 1.43
Published 27 Apr, 2011 12:00am
Strong earnings help FTSE hit nine-week high

Strong earnings help FTSE hit nine-week high

Britain's FTSE 100 closed at its highest level in over two months on Tuesday, albeit in light volumes, as earnings from the US and Europe supported gains ahead of results from UK companies such as ARM and BP. The blue chip FTSE 100 closed up 0.9 percent a
Published 27 Apr, 2011 12:00am
European shares hit two-week high

European shares hit two-week high

European shares rose for the fourth straight session and hit a two-week closing high on Tuesday, boosted by corporate results in both the United States and Europe, including those of Swiss bank UBS. The FTSEurofirst 300 index of top European shares rose 0
Published 27 Apr, 2011 12:00am
Seoul shares retreat

Seoul shares retreat

Seoul shares retreated on Tuesday after posting a fresh historical closing high in the previous session, pressured by falls in steel, chemicals and financial stocks with caution lingering ahead of a US Federal Reserve meeting this week. The Korea Composit
Published 27 Apr, 2011 12:00am
Hong Kong, China shares slide

Hong Kong, China shares slide

Hong Kong and China shares fell on Tuesday as oil majors and insurers weighed on the benchmark indices, but traders hoped that strong earnings from Chinese banks in coming days could reverse the weakness in financials and lift the market. Caution ahead of
Published 27 Apr, 2011 12:00am
Indian shares fall

Indian shares fall

Indian shares fell 0.2 percent in a volatile session on Tuesday, with investors uneasy ahead of the central bank's policy statement next week when it is widely expected to raise interest rates again as it continues its battle with inflation. The Reserve B
Published 27 Apr, 2011 12:00am
South East Asian markets: Indonesia, Philippine post mild outflows

South East Asian markets: Indonesia, Philippine post mild outflows

Major Southeast Asian stock markets retreated on Tuesday ahead of a meeting of the US Federal Reserve, as weak US crude futures dampened sentiment in regional energy and resource sectors. The emerging region hovered at its lowest in a week as investors aw
Published 27 Apr, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasury prices rose on Monday on expectations the Federal Reserve will leave interest rates near zero for the rest of year, fostering a friendly climate to own bonds in the near term. In the lowest-volume day for Treasuries so far this year, according
Published 27 Apr, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasury prices rose on Monday on expectations the Federal Reserve will leave interest rates near zero for the rest of year, fostering a friendly climate to own bonds in the near term. In the lowest-volume day for Treasuries so far this year, according
Published 27 Apr, 2011 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks ended flat on Tuesday, as a bounce in tech plays ahead of earnings announcements this week offset a retreat in banking shares after little progress was made in a meeting of regulators from Taiwan and China. The main TAIEX index closed down 2
Published 27 Apr, 2011 12:00am
Inflation jitters interrupt Wall Street rally

Inflation jitters interrupt Wall Street rally

In the lightest volume session of the year, US stocks fell on Monday after a lowered outlook from Kimberly-Clark increased concerns about higher commodity costs squeezing profits in coming quarters. About 5.4 billion shares traded on the New York Stock Ex
Published 27 Apr, 2011 12:00am
Tuesday's afternoon trade: S&P hits highest since June 2008

Tuesday's afternoon trade: S&P hits highest since June 2008

Wall Street rallied and the S&P 500 hit its highest level since June 2008 on Tuesday as a flood of positive corporate results added to increasing optimism about the economic growth outlook. Ford Motor Co, 3M Co and United Parcel Services Inc were among th
Published 27 Apr, 2011 12:00am
Nikkei slips to one-week low

Nikkei slips to one-week low

Japan's Nikkei average closed at a one-week low on Tuesday, losing 1.2 percent as exporters were hit by a stronger yen in thin trade ahead of corporate earnings announcements. Falls in exporter shares undermined the overall market after the dollar hit a f
Published 27 Apr, 2011 12:00am
Gulf not yet ripe for MSCI emerging market status

Gulf not yet ripe for MSCI emerging market status

The Gulf isn't yet ripe for emerging market status in MSCI indexes. An upgrade of Qatar and the United Arab Emirates from the so-called frontier category - which includes markets like Kazakhstan and Pakistan - would be a huge boost at a time when investor
Published 27 Apr, 2011 12:00am
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