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Archive - 2011-05-02
Gold closes unchanged
Markets

Gold closes unchanged

KARACHI: Gold closed unchanged at Rs 42,342 per 10 grams in local bullion market Monday, but its international price dro
Published 02 May, 2011 05:25pm
Thai inflation surges above 4.0pc
Asia

Thai inflation surges above 4.0pc

BANGKOK: Thai inflation soared above 4.0 percent in April, government data showed Monday, reinforcing expectations of mo
Published 02 May, 2011 04:06pm
India exports jump 44pc in March
Asia

India exports jump 44pc in March

NEW DELHI: India's exports jumped 44 percent in March to hit $29.1 billion, provisional government data showed Monday, h
Published 02 May, 2011 04:02pm
FWBL & KFC join hands
Top News

FWBL & KFC join hands

KARACHI: The First Women Bank Limited (FWBL) and KFC have entered into an agreement to facilitate customers on shop at K
Published 02 May, 2011 11:47am
Japan shares higher by noon
Financial

Japan shares higher by noon

TOKYO: Japanese shares were 0.97 percent higher by noon on Monday amid thin holiday trade with investors taking modest g
Published 02 May, 2011 05:27am
ICI shedding colours
BR Research

ICI shedding colours

Immediately after the announcement of Akzo Nobels decision to de-merge ICIs paint business into a separate legal entity and later divest its
Published 02 May, 2011 12:00am
All is well at PPL
BR Research

All is well at PPL

Pakistan Petroleum Limited is in good health. The 9MFY11 financial results show a sizeable growth in revenue that spurred the bottom line c
Published 02 May, 2011 12:00am
Pakistan Investment Bonds
BR Research

Pakistan Investment Bonds

With the harbingers of interest rate outlook quiet for some time, the market participation level and bidding pattern in the first PIB auctio
Published 02 May, 2011 12:00am
Egypt calls on US to recognise Palestinian state

Egypt calls on US to recognise Palestinian state

Egyptian Foreign Minister Nabil al-Arabi on Sunday called on the United States to recognise a Palestinian state, as rival Palestinian factions prepare to sign a reconciliation accord in Cairo. Arabi urged visiting US Congressman Steve Chabot to "press Con
Published 02 May, 2011 12:00am
Egypt calls on US to recognise Palestinian state

Egypt calls on US to recognise Palestinian state

Egyptian Foreign Minister Nabil al-Arabi on Sunday called on the United States to recognise a Palestinian state, as rival Palestinian factions prepare to sign a reconciliation accord in Cairo. Arabi urged visiting US Congressman Steve Chabot to "press Con
Published 02 May, 2011 12:00am
Israel halts cash to Palestinians

Israel halts cash to Palestinians

Israel has suspended tax transfers to the Palestinians, its finance minister said on Sunday, fearing the money will be used to fund Hamas after President Mahmoud Abbas struck a unity deal with the Hamas. The Palestinian Authority (PA), led by US-backed Ab
Published 02 May, 2011 12:00am
Israel halts cash to Palestinians

Israel halts cash to Palestinians

Israel has suspended tax transfers to the Palestinians, its finance minister said on Sunday, fearing the money will be used to fund Hamas after President Mahmoud Abbas struck a unity deal with the Hamas. The Palestinian Authority (PA), led by US-backed Ab
Published 02 May, 2011 12:00am
THE RUPEE: an all-round decline

THE RUPEE: an all-round decline

Importers' rush for buying dollars pushed the rupee down versus US currency during the week ended on April 30, 2011. On the inter-bank market, the rupee lost 41 paisa in relation to dollar for buying at 84.68 and 40 paisa for selling at 84.70.
Published 02 May, 2011 12:00am
THE RUPEE: an all-round decline

THE RUPEE: an all-round decline

Importers' rush for buying dollars pushed the rupee down versus US currency during the week ended on April 30, 2011. On the inter-bank market, the rupee lost 41 paisa in relation to dollar for buying at 84.68 and 40 paisa for selling at 84.70.
Published 02 May, 2011 12:00am
UN pulling staff out of Tripoli

UN pulling staff out of Tripoli

The United Nations said Sunday it was pulling its staff out of Tripoli as violence erupted after a nato air strike apparently killed several members of Moammer Qadhafi's family. "Given the unrest, UN staff are going to leave Tripoli," a UN spokeswoman, Er
Published 02 May, 2011 12:00am
UN pulling staff out of Tripoli

UN pulling staff out of Tripoli

The United Nations said Sunday it was pulling its staff out of Tripoli as violence erupted after a nato air strike apparently killed several members of Moammer Qadhafi's family. "Given the unrest, UN staff are going to leave Tripoli," a UN spokeswoman, Er
Published 02 May, 2011 12:00am
Bahrain chamber urges boycott of Iranian goods

Bahrain chamber urges boycott of Iranian goods

Bahrain's chamber of commerce called on Gulf Arab nationals to boycott Iranian goods and halt financial transactions with Tehran, accusing it of interfering in the country's affairs, state media said. Bahrain has blamed Iran for stoking Shia-led protests
Published 02 May, 2011 12:00am
Bahrain chamber urges boycott of Iranian goods

Bahrain chamber urges boycott of Iranian goods

Bahrain's chamber of commerce called on Gulf Arab nationals to boycott Iranian goods and halt financial transactions with Tehran, accusing it of interfering in the country's affairs, state media said. Bahrain has blamed Iran for stoking Shia-led protests
Published 02 May, 2011 12:00am
Bahrain chamber urges boycott of Iranian goods

Bahrain chamber urges boycott of Iranian goods

Bahrain''s chamber of commerce called on Gulf Arab nationals to boycott Iranian goods and halt financial transactions with Tehran, accusing it of interfering in the country''s affairs, state media said. Bahrain has blamed Iran for stoking Shia-led protest
Published 02 May, 2011 12:00am
PSO bails out KESC yet again

PSO bails out KESC yet again

To avoid blackout in Karachi, the Pakistan State Oil (PSO) arranged for 3000 tons of furnace oil for KESC from its critical reserve stocks after receiving a cheque of Rs 210 million. According to a press release issued here on Sunday, the company arranged
Published 02 May, 2011 12:00am
PSO bails out KESC yet again

PSO bails out KESC yet again

To avoid blackout in Karachi, the Pakistan State Oil (PSO) arranged for 3000 tons of furnace oil for KESC from its critical reserve stocks after receiving a cheque of Rs 210 million. According to a press release issued here on Sunday, the company arranged
Published 02 May, 2011 12:00am
PSO bails out KESC yet again

PSO bails out KESC yet again

To avoid blackout in Karachi, the Pakistan State Oil (PSO) arranged for 3000 tons of furnace oil for KESC from its critical reserve stocks after receiving a cheque of Rs 210 million. According to a press release issued here on Sunday, the company arranged
Published 02 May, 2011 12:00am
Stocks close on bullish note

Stocks close on bullish note

The Karachi share market witnessed positive trend during the week ended on April 29, 2011 on the back of fresh buying due to good corporate results. The KSE-100 index managed to close above 12,000 points at 12,057.54 points with a gain of 103.17 points.
Published 02 May, 2011 12:00am
Stocks close on bullish note

Stocks close on bullish note

The Karachi share market witnessed positive trend during the week ended on April 29, 2011 on the back of fresh buying due to good corporate results. The KSE-100 index managed to close above 12,000 points at 12,057.54 points with a gain of 103.17 points.
Published 02 May, 2011 12:00am
Stocks close on bullish note

Stocks close on bullish note

The Karachi share market witnessed positive trend during the week ended on April 29, 2011 on the back of fresh buying due to good corporate results. The KSE-100 index managed to close above 12,000 points at 12,057.54 points with a gain of 103.17 points.
Published 02 May, 2011 12:00am
Futures open interest up by 7 percent

Futures open interest up by 7 percent

Total open interest position at futures counter increased by 7 percent to Rs 1.45 billion. The futures spread also surged by 6.79 percent during the week ended on April 29, 2011. Trading at the futures counter improved and the average daily volume increas
Published 02 May, 2011 12:00am
Futures open interest up by 7 percent

Futures open interest up by 7 percent

Total open interest position at futures counter increased by 7 percent to Rs 1.45 billion. The futures spread also surged by 6.79 percent during the week ended on April 29, 2011. Trading at the futures counter improved and the average daily volume increas
Published 02 May, 2011 12:00am
Futures open interest up by 7 percent

Futures open interest up by 7 percent

Total open interest position at futures counter increased by 7 percent to Rs 1.45 billion. The futures spread also surged by 6.79 percent during the week ended on April 29, 2011. Trading at the futures counter improved and the average daily volume increas
Published 02 May, 2011 12:00am
Futures open interest up by 7 percent

Futures open interest up by 7 percent

Total open interest position at futures counter increased by 7 percent to Rs 1.45 billion. The futures spread also surged by 6.79 percent during the week ended on April 29, 2011. Trading at the futures counter improved and the average daily volume increas
Published 02 May, 2011 12:00am
Gunmen kill four police officials: 11 Nato vehicles torched

Gunmen kill four police officials: 11 Nato vehicles torched

Gunmen armed with Kalashnikovs and rockets Sunday killed four police officials and set fire to 11 Nato vehicles on the main road heading north-west from the Pakistani capital, police said. The attack happened near a roadside restaurant at Pindi Gheb, near
Published 02 May, 2011 12:00am
Gunmen kill four police officials: 11 Nato vehicles torched

Gunmen kill four police officials: 11 Nato vehicles torched

Gunmen armed with Kalashnikovs and rockets Sunday killed four police officials and set fire to 11 Nato vehicles on the main road heading north-west from the Pakistani capital, police said. The attack happened near a roadside restaurant at Pindi Gheb, near
Published 02 May, 2011 12:00am
Army chopper crashes

Army chopper crashes

Pakistan Army chopper crashed in Sikandarabad area near Pakistan Military Academy, Abbotabad late Sunday night, a private TV channel reported. According to the channel, security forces cordoned off the PMA Kakul road.
Published 02 May, 2011 12:00am
Army chopper crashes

Army chopper crashes

Pakistan Army chopper crashed in Sikandarabad area near Pakistan Military Academy, Abbotabad late Sunday night, a private TV channel reported. According to the channel, security forces cordoned off the PMA Kakul road.
Published 02 May, 2011 12:00am
Shahbaz calls on Kayani

Shahbaz calls on Kayani

Punjab Chief Minister Muhammad Shahbaz Sharif called on Chief of Army Staff (COAS), General Ashfaq Parvez Kayani on late Sunday night, a private TV channel reported. According to the channel, the meeting between CM Punjab and COAS took place after Pakista
Published 02 May, 2011 12:00am
Shahbaz calls on Kayani

Shahbaz calls on Kayani

Punjab Chief Minister Muhammad Shahbaz Sharif called on Chief of Army Staff (COAS), General Ashfaq Parvez Kayani on late Sunday night, a private TV channel reported. According to the channel, the meeting between CM Punjab and COAS took place after Pakista
Published 02 May, 2011 12:00am
AJK can provide 20,000mw power on cheap rates

AJK can provide 20,000mw power on cheap rates

The Azad Jammu and Kashmir government can provide 20,000 mw cheaper electricity to Pakistan to get rid of the chronic problem of load shedding of power permanently, said AJK Prime Minister Attique Ahmad Khan here on Sunday. Talking to reporters, he said t
Published 02 May, 2011 12:00am
AJK can provide 20,000mw power on cheap rates

AJK can provide 20,000mw power on cheap rates

The Azad Jammu and Kashmir government can provide 20,000 mw cheaper electricity to Pakistan to get rid of the chronic problem of load shedding of power permanently, said AJK Prime Minister Attique Ahmad Khan here on Sunday. Talking to reporters, he said t
Published 02 May, 2011 12:00am
AJK can provide 20,000mw power on cheap rates

AJK can provide 20,000mw power on cheap rates

The Azad Jammu and Kashmir government can provide 20,000 mw cheaper electricity to Pakistan to get rid of the chronic problem of load shedding of power permanently, said AJK Prime Minister Attique Ahmad Khan here on Sunday. Talking to reporters, he said t
Published 02 May, 2011 12:00am
Representation of small businesses in PBC sought

Representation of small businesses in PBC sought

The Pakistan Economy Watch (PEW) on Sunday said Pakistan Business Council (PBC) should have representation of medium and small businesses to allay feaars of the business community PBC comprises of super rich business tycoons enjoying influence in politica
Published 02 May, 2011 12:00am
Two railway coaches catch fire

Two railway coaches catch fire

Two railway coaches caught fire on Sunday morning at godown of dry port here, said railways official. Due to intensity of fire, the roof of nearby godown also damaged. A smouldering cigarette made the cause of fire, official added.
Published 02 May, 2011 12:00am
'Government to grant autonomy to medical colleges, hospitals'

'Government to grant autonomy to medical colleges, hospitals'

Secretary Health Punjab, Mohammad Jehanzeb Khan has said that government is in favour of autonomy of medical colleges and teaching hospitals but this autonomy should be service-oriented and their should be a strong system of accountability in this regard.
Published 02 May, 2011 12:00am
JI for implementation of Islamic laws

JI for implementation of Islamic laws

Amir of Jaamat-e-Islami Syed Manwar Hussan has underscored the need of bringing radical changes in the mindset of people for bringing the country out of socio-economic problems. Addressing a big public meeting on Sunday, here he said that implementation o
Published 02 May, 2011 12:00am
PDDC helping farmers to double milk production

PDDC helping farmers to double milk production

Implementation of Community Dairy Farms Programme, initiated by Pakistan Dairy Development Company (PDDC) to provide livestock farmers modern, timely and cost effective advice and assistance for increased milk production and price, can almost double the m
Published 02 May, 2011 12:00am
Increase in petroleum prices criticised

Increase in petroleum prices criticised

Working Women Organisation (WWO) has strongly condemned recent increase in petroleum prices on Labour Day and described it a drone attack on the poor and working classes.
Published 02 May, 2011 12:00am
SCCI rejects increase in POL prices

SCCI rejects increase in POL prices

Sialkot Chamber of Commerce and Industry (SCCI) has strongly criticised and rejected recent increase in POL prices by Ogra, urging the government to ensure early withdrawal of the decision in the large interest of business community.
Published 02 May, 2011 12:00am
LPG price likely to jump by Rs 9 per kg from third

LPG price likely to jump by Rs 9 per kg from third

Price of liquefied petroleum gas (LPG) in the country is likely to jump by Rs 9 per kg from May 3rd. It is learnt here on Sunday as the international price of liquefied petroleum gas (LPG) has jumped by $96 to record high of $980 per ton for May 2011, rai
Published 02 May, 2011 12:00am
SNGPL disconnects gas supply of defaulters

SNGPL disconnects gas supply of defaulters

The spokes-person of the Sui Northern Gas Pipe Lines (SNGPL) has said that in compliance with the direction of the Advisor to the Prime Minister for Ministry of Petroleum and Natural Resources, Dr Asim Hussain, SNGPL has expedited its recoveries from defa
Published 02 May, 2011 12:00am
Three killed in road accident

Three killed in road accident

Three men were killed and another injured in a road accident on late last night at Qayumabad crossing, in the limits of Korangi Industrial Area police station. Police said that, 21-year-old Tabish s/o Abdul Malik, 22-year Ayaz s/o Mehboob, 20-year Fayaz s
Published 02 May, 2011 12:00am
UAF, YES sign MoU

UAF, YES sign MoU

A Memo-randum of Understanding (MoU) inked between the University of Agriculture Faisalabad (UAF) and the Youth Engagement Service (YES) Network Pakistan to set up a Youth Enterprise Generator to provide educational and infrastructural access, interest-fr
Published 02 May, 2011 12:00am
PPP leader criticises Chaudhry Nisar statement against agencies

PPP leader criticises Chaudhry Nisar statement against agencies

Pakistan People's Party (PPP)'s AJK Chief and leader of opposition in AJK Legislative Assembly, Chaudhry Abdul Majeed has strongly condemned the 'irresponsible' statement of Pakistan Muslim League-Nawaz leader Ch. Nisar Ali Khan in which he allegedly crit
Published 02 May, 2011 12:00am
Turkish delegation meets Shahbaz

Turkish delegation meets Shahbaz

A Turkish delegation led by chairman Great Union Party Yanlcin Topcu met Punjab Chief Minister, Muhammad Shahbaz Sharif here on Sunday. Bilateral relations and matters of common interest were discussed in the meeting. Senior Advisor Sardar Zulfiqar Ali Kh
Published 02 May, 2011 12:00am
Pakistan, Chinese navies hold joint anti-piracy drill

Pakistan, Chinese navies hold joint anti-piracy drill

The warships of the navies of China and Pakistan on escort mission in the Gulf of Aden and the waters off the Somali coast held their first joint anti-piracy exercise last month, a Chinese media report said.
Published 02 May, 2011 12:00am
Tax dodgers put economy in peril

Tax dodgers put economy in peril

Pakistan is defying mounting Western pressure to end a giant tax dodge with fewer and fewer people contributing to government coffers, spelling dire consequences for a sagging economy.
Published 02 May, 2011 12:00am
Three security forces men injured

Three security forces men injured

Three security forces personnel were injured when their vehicle met with an accident on the outskirts of metropolis on Sunday. According to details, a caravan of security forces was moving along Darkhashan Naka in the suburb of metropolis today. Suddenly
Published 02 May, 2011 12:00am
Robbers loot Rs 12.55 million

Robbers loot Rs 12.55 million

Three motorcyclists snatched Rs 12.55 million and injured two persons here during broad daylight here Sunday. According to details, two persons Naseer and Asmatullah were carrying Rs 12.55 million from a money changer at Koocha Sher Muhammad Jan Muhammad
Published 02 May, 2011 12:00am
Senator wants modern university for Tharis

Senator wants modern university for Tharis

Senator Gul Mohammad has demanded modern infrastructure facilities for the people of Tharparkar. According to a statement released by the spokesperson of the Senator here Sunday, the Senator sought for a modern university in Thar that would provide standa
Published 02 May, 2011 12:00am
'Tangible steps needed to educating farmers'

'Tangible steps needed to educating farmers'

Agricultural experts have stressed the need to make our production suitable as per standard set by the World Trade Organisation (WTO) through taking tangible steps and educating the farmers. Addressing a national conference titled "Recent trends, challeng
Published 02 May, 2011 12:00am
Supreme Court has hectic schedule in current week

Supreme Court has hectic schedule in current week

The Supreme Court has a hectic schedule in the current week starting from Monday as besides, six regular benches, the judges sitting in eleven-member and Shariat Appellate benches will have busy schedule when they once again don on their black robs after
Published 02 May, 2011 12:00am
Iranian commander warns Saudi Arabia of domestic unrest

Iranian commander warns Saudi Arabia of domestic unrest

One of Iran's top military commanders warned Saudi Arabia on Sunday that its decision to send forces to Bahrain to quell protests by Shias would spark unrest at home, a semi-official Iranian news agency reported.
Published 02 May, 2011 12:00am
Ahmadinejad attends cabinet after boycott rumours

Ahmadinejad attends cabinet after boycott rumours

Iranian President Mahmoud Ahmadinejad attended his first cabinet meeting for more than a week on Sunday, dismissing rumours of a damaging split with Supreme Leader Ayatollah Ali Khamenei, news agencies reported.
Published 02 May, 2011 12:00am
Maldives police break up anti-government protest

Maldives police break up anti-government protest

Maldives police used tear gas and batons to break up a protest Sunday demanding that President Mohamad Nasheed step down. Dozens of people were injured and many were arrested. Thousands of protesters converged on the capital, Male, on Saturday night to ra
Published 02 May, 2011 12:00am
Syrian troops shell restive city, add troops

Syrian troops shell restive city, add troops

Syrian army tanks shelled the old quarter of a city at the heart of the country's six-week-old uprising Sunday and rolled in more reinforcements to the area, which has been under siege for nearly a week, said an eyewitness.
Published 02 May, 2011 12:00am
Gulf pact to renew Yemen mediation

Gulf pact to renew Yemen mediation

Gulf states said on Sunday they are to renew efforts to end a deadly political crisis in Yemen, after the opposition accused President Ali Abdullah Saleh of having torpedoed their bid at the weekend. The Gulf Co-operation Council "hopes to remove all the
Published 02 May, 2011 12:00am
Seven Afghans killed at start of Taliban offensive

Seven Afghans killed at start of Taliban offensive

Militants in Afghanistan killed seven people in bombing and shooting attacks Sunday, the first day of the Taliban's announced spring offensive, government officials said. In a statement released Saturday, the insurgent movement announced it would step up
Published 02 May, 2011 12:00am
10 nations urge new push for non-proliferation

10 nations urge new push for non-proliferation

Japan, Canada, Australia, Germany and six other nations have urged other countries in the international community to renew efforts to prevent the proliferation of nuclear material. The goal of their initiative is to "work toward achieving nuclear disarmam
Published 02 May, 2011 12:00am
Egypt says intends to open Gaza border permanently

Egypt says intends to open Gaza border permanently

Egypt intends to open its border with Gaza permanently to alleviate the suffering of Palestinians under an Israeli blockade but the mechanics of such a step are still being worked out, the Foreign Ministry said on Sunday.
Published 02 May, 2011 12:00am
Saudi activists call for election boycott

Saudi activists call for election boycott

More than 60 Saudi intellectuals and activists called for a boycott of their country's municipal election in September, in an online petition posted on Sunday. "We announce a boycott of the elections and urge all those who have the right to participate as
Published 02 May, 2011 12:00am
Thousands march for May Day across globe

Thousands march for May Day across globe

Tens of thousands took to the streets across the globe for May Day on Sunday to press for workers' rights amid tough economic times and to back an array of other causes. From Hong Kong to Indonesia and from Moscow to Paris, protesters marched and rallied
Published 02 May, 2011 12:00am
EU executive says could reinstate border controls

EU executive says could reinstate border controls

The European Union executive is considering allowing member states to reinstate some border controls, its president said on Sunday, responding to demands for more national power to stem immigration.
Published 02 May, 2011 12:00am
Sri Lankan president attacks UN war crimes report

Sri Lankan president attacks UN war crimes report

Sri Lanka's president on Sunday poured scorn on the United Nations over a report it published alleging that his military forces may have been guilty of atrocities during the island's civil war.
Published 02 May, 2011 12:00am
Obama makes jokes about Trump

Obama makes jokes about Trump

President Barack Obama told jokes at the expense of US real estate mogul Donald Trump on Saturday night, mocking his possible presidential ambitions in remarks at the annual White House Correspondents' Association dinner.
Published 02 May, 2011 12:00am
NASA delays Endeavour launch again

NASA delays Endeavour launch again

The launch of the US space shuttle Endeavour on its final voyage has been further delayed by technical problems, NASA said Sunday. It had been hoped Endeavour would lift off on Monday after Friday's original launch was scrapped, but NASA said this would n
Published 02 May, 2011 12:00am
Polkomtel sale may fuel Polish zloty gains

Polkomtel sale may fuel Polish zloty gains

The sale of Poland's No 2 mobile operator Polkomtel could trigger a surge in the zloty as the winning bidder converts part of an expected $6.5 billion of purchase funds into the local currency. Markets anticipate that a large inflow of foreign currency fr
Published 02 May, 2011 12:00am
Sudan sells sukuk worth $286 million

Sudan sells sukuk worth $286 million

Sudan, which is due to split up in July, started on Sunday selling Islamic bonds or sukuk worth 765 million Sudanese pounds ($286 million), a debt official said. The issue will have an expected return of between 14 and 15 percent, said an official at the
Published 02 May, 2011 12:00am
Sudan sells sukuk worth $286 million

Sudan sells sukuk worth $286 million

Sudan, which is due to split up in July, started on Sunday selling Islamic bonds or sukuk worth 765 million Sudanese pounds ($286 million), a debt official said. The issue will have an expected return of between 14 and 15 percent, said an official at the
Published 02 May, 2011 12:00am
Bangladesh sackings after market crash

Bangladesh sackings after market crash

Bangladesh will remove the chiefs of the country's securities regulator after an independent probe blamed them for the recent stock market crash, the finance minister said. The benchmark Dhaka Stock Exchange General (DGEN) index hit a high of 8918.51 poin
Published 02 May, 2011 12:00am
China funds' suggested equity weightings at five-month high in April

China funds' suggested equity weightings at five-month high in April

Mutual funds in China raised their recommended equity weightings to the highest level in five months in April, as they continue to favour financials while reducing suggested exposure to energy and machinery stocks, the latest monthly Reuters poll of fund
Published 02 May, 2011 12:00am
China funds' suggested equity weightings at five-month high in April

China funds' suggested equity weightings at five-month high in April

Mutual funds in China raised their recommended equity weightings to the highest level in five months in April, as they continue to favour financials while reducing suggested exposure to energy and machinery stocks, the latest monthly Reuters poll of fund
Published 02 May, 2011 12:00am
NYSE faces hard sell, says Donohue

NYSE faces hard sell, says Donohue

NYSE Euronext CEO Duncan Niederauer may find it hard to convince shareholders his $10 billion friendly merger with Deutsche Boerse AG beats a rival $11.2 billion offer, CME Group Inc's chief executive said on Thursday. At an annual meeting on Thursday, Ni
Published 02 May, 2011 12:00am
SMX chief executive resigns over 'strategy differences'

SMX chief executive resigns over 'strategy differences'

The chief executive officer of the Singapore Mercantile Exchange, Thomas McMahon, resigned on Friday over differences of opinion with the exchange's owner, Singapore's Sunday Times reported on the weekend.
Published 02 May, 2011 12:00am
Wall Street Weekahead: sell in May and go away? Not so fast

Wall Street Weekahead: sell in May and go away? Not so fast

April 29 (Reuters) - Major US stock indexes are at multi-year highs but Wall Street does not seem to be running out of steam, not just yet. Robust corporate earnings and the Federal Reserve's promise to keep liquidity cheap have fuelled the Nasdaq to a 10
Published 02 May, 2011 12:00am
Tokyo market to take breather for holidays

Tokyo market to take breather for holidays

Tokyo stock market is expected to take a breather in the coming week as Japan goes into its Golden Week holiday week, a series of national holidays that will start Friday, analysts said. The market will open only on Monday and Friday next week, with many
Published 02 May, 2011 12:00am
Tequila owner mulling Diageo share deal

Tequila owner mulling Diageo share deal

Juan Beckmann could become the biggest shareholder in British drinks group Diageo under a proposal to sell his Jose Cuervo tequila business in return for shares, the Sunday Times newspaper said. Analysts have said that Diageo is best placed to buy Jose Cu
Published 02 May, 2011 12:00am
Investors may slowly unload TEPCO bonds

Investors may slowly unload TEPCO bonds

Holders of corporate bonds issued by Tokyo Electric Power , the operator of Japan's stricken nuclear plant, see little chance of default but may try to gradually unload them when the market returns to an even keel.
Published 02 May, 2011 12:00am
Investors may slowly unload TEPCO bonds

Investors may slowly unload TEPCO bonds

Holders of corporate bonds issued by Tokyo Electric Power , the operator of Japan's stricken nuclear plant, see little chance of default but may try to gradually unload them when the market returns to an even keel.
Published 02 May, 2011 12:00am
Carry traders flee zero-yield dollar in emerging forex rush

Carry traders flee zero-yield dollar in emerging forex rush

Central banks across the developing world are signalling a retreat in the global currency wars, encouraging investors to flee the zero-yield dollar for emerging currencies even though the US money-printing exercise is approaching its end.
Published 02 May, 2011 12:00am
Chavez asks central bank to lower reserve amount

Chavez asks central bank to lower reserve amount

President Hugo Chavez asked Venezuela's central bank on Saturday to lower by at least two percent the reserve amount other banks must deposit with the institution so they can help fund more home-building. Speaking at the launch of the "Gran Mision Viviend
Published 02 May, 2011 12:00am
Bulgarians protest over economy

Bulgarians protest over economy

Hundreds of Bulgarians urged the government to resign on Sunday over its failure to cope with the economic crisis in the European Union's poorest country at a protest in capital Sofia. About 2,000 people chanted "Resign" at the second rally staged by the
Published 02 May, 2011 12:00am
Swiss minister eyes German tax deal soon

Swiss minister eyes German tax deal soon

Switzerland could reach a taxation deal with Germany this summer, Swiss Finance Minister Eveline Widmer-Schlumpf was quoted as saying in an interview with Swiss newspaper Sonnta-gsZeitung on Sunday. Last year Switzerland and Germany agreed the outlines of
Published 02 May, 2011 12:00am
DIFC Investments makes further loss; to sell assets

DIFC Investments makes further loss; to sell assets

DIFC Investments (DIFCI), the investment arm of the firm that runs Dubai's financial free zone, posted a further loss on Sunday, weighed on by its property portfolio, and said it plans to sell assets this year, including financial software firm SmartStrea
Published 02 May, 2011 12:00am
DIFC Investments makes further loss; to sell assets

DIFC Investments makes further loss; to sell assets

DIFC Investments (DIFCI), the investment arm of the firm that runs Dubai's financial free zone, posted a further loss on Sunday, weighed on by its property portfolio, and said it plans to sell assets this year, including financial software firm SmartStrea
Published 02 May, 2011 12:00am
Sony to resume some PlayStation services

Sony to resume some PlayStation services

Sony said it would resume some services on its PlayStation Network this week and offer incentives to customers to try to prevent them turning to competitors after the theft of personal information belonging to 78 million user accounts. Top Sony executives
Published 02 May, 2011 12:00am
Dubai regulator fines US firm

Dubai regulator fines US firm

E*Trade Financial Corp has been fined $200,000 by a regulator in the United Arab Emirates for breaching anti-money laundering controls, the local regulator said on Sunday.
Published 02 May, 2011 12:00am
China manufacturing growth slows in April, hit by tightening

China manufacturing growth slows in April, hit by tightening

China's manufacturing growth slowed in April, a survey showed on Sunday, suggesting that the government's tightening efforts have weighed on the world's second-largest economy more heavily than expected. The official purchasing managers' index for China f
Published 02 May, 2011 12:00am
South Korea's exports soar

South Korea's exports soar

South Korean exports rose more than expected to a record amount in April but imports far missed market expectations on a persistent slump in domestic demand that has emerged as a risk to Asia's fourth-largest economy.
Published 02 May, 2011 12:00am
Australian budget will lead to 500,000 jobs in two years

Australian budget will lead to 500,000 jobs in two years

Australia's upcoming budget will predict the creation of 500,000 new jobs in two years, Treasurer Wayne Swan wrote in a regular economic note issued on Sunday. Swan said that the May 10 budget, which covers the fiscal year from July 2011 to June 2012, "wi
Published 02 May, 2011 12:00am
As profits surge, Europe's carmakers rev up global ambitions

As profits surge, Europe's carmakers rev up global ambitions

Two years after a world economic downturn all but wiped them out, European carmakers have bounced back to the spotlight with Volkswagen aiming to be the industry leader and Fiat carving out a global brand for itself.
Published 02 May, 2011 12:00am
Hong Kong ushers in minimum wage

Hong Kong ushers in minimum wage

Hong Kong's first minimum wage came into effect Sunday amid rising public anger over sky-high rents and a growing income gap in the international financial hub. The controversial pay floor, which divided business and labour groups for years, requires empl
Published 02 May, 2011 12:00am
Kenya raises minimum wage by 12.5 percent as prices jump

Kenya raises minimum wage by 12.5 percent as prices jump

Kenya's Labour Minister on Sunday said he had raised the minimum wage by 12.5 percent to help people cope with soaring prices, well below the sharp increase demanded by unions who have threatened strikes. Rising food and fuel prices have sparked protests
Published 02 May, 2011 12:00am
Aisam, Rohan crash out of Estoril Open

Aisam, Rohan crash out of Estoril Open

Pakistan's ace tennis player Aisal-ul-Haq Qureshi and his Indian counterpart Rohan Bopanna crashed out of the Estoril Open, underway at Estoril (Portugal), after losing in straight sets to America's Eric Butorac and Rojer Jean-Julien of Netherlands Antill
Published 02 May, 2011 12:00am
Russia's Davydenko wins Munich final

Russia's Davydenko wins Munich final

Russia's Nikolay Davydenko won Munich's ATP tournament for the second time in his career with a 6-3, 3-6, 6-1 victory over Germany's Florian Mayer on Sunday. Davydenko, who last won the clay-court tournament in Munich in 2004, blasted down seven aces, fou
Published 02 May, 2011 12:00am
Westwood wins Ballantine's Championship

Westwood wins Ballantine's Championship

Lee Westwood won the Ballantine's Championship on Sunday with a flawless final round of golf to retain his position as world number one. The Englishman proved his class at the Blackstone Golf Club near Seoul, carding five birdies on his way to a superb la
Published 02 May, 2011 12:00am
Lee downs Gade to win Indian Open

Lee downs Gade to win Indian Open

World number one Lee Chong Wei of Malaysia overcame a spirited challenge from Danish ace Peter Gade to clinch the Indian Open Super Series men's singles title on Sunday. In the women's singles, Thailand's unseeded 19-year-old Porntip Buranaprasertsuk pull
Published 02 May, 2011 12:00am
Arsenal sink Manchester United

Arsenal sink Manchester United

Arsenal's Aaron Ramsey blew the Premier League title race wide open as his second-half goal clinched a 1-0 win over leaders Manchester United on Sunday.
Published 02 May, 2011 12:00am
Japan's Olympic champ Ishii reigns in US

Japan's Olympic champ Ishii reigns in US

Olympic judo heavyweight champion Satoshi Ishii, now a mixed martial arts fighter, has swept all before him in his return to the sport at the US national championships. The 24-year-old Japanese won the open-class title in a field of 13, none of them world
Published 02 May, 2011 12:00am
PCB to raise Sutherland issue at ICC annual meeting

PCB to raise Sutherland issue at ICC annual meeting

Irked by a lack of response from the International Cricket Council (ICC) over its complaint against Cricket Australia (CA) chief executive James Sutherland, the Pakistan Cricket Board (PCB) is planning to raise the issue at the apex body's annual meeting
Published 02 May, 2011 12:00am
Djokovic downs Lopez to win Serbia Open

Djokovic downs Lopez to win Serbia Open

Novak Djokovic won the Serbia Open without dropping a set after beating Spaniard Feliciano Lopez 7-6 6-2 in Sunday's final to stretch his unbeaten record in 2011 to 27 matches. It was the 23-year-old Serb's fifth title this year, after he captured the Aus
Published 02 May, 2011 12:00am
Pakistan look to pile on misery for West Indies

Pakistan look to pile on misery for West Indies

Pakistan will look to stay on track for a series sweep when they face West Indies in the fourth one-day international on Monday (today) at Kensington Oval but skipper Shahid Afridi has warned his team over complacency. The Pakistanis hold an unbeatable 3-
Published 02 May, 2011 12:00am
Taylor powers Rajasthan to victory

Taylor powers Rajasthan to victory

Ross Taylor hit a crucial 47 not out to steer Rajasthan Royals to a thrilling six-wicket win over Pune Warriors in an Indian Premier League match on Sunday. The New Zealander cracked two sixes and four boundaries in his 35-ball knock as Shane Warne's Raja
Published 02 May, 2011 12:00am
Wozniacki, Sharapova off to winning Madrid starts

Wozniacki, Sharapova off to winning Madrid starts

Top seed Caroline Wozniacki began her campaign at the ATP-WTA Madrid Masters on Sunday with a 6-2, 6-3 defeat of Japan's Ayumi Morita while two Grand Slam champions, Maria Sharapova and Francesca Schiavone also went through.
Published 02 May, 2011 12:00am
Barclays bank profits fall in first quarter

Barclays bank profits fall in first quarter

British bank Barclays said on April 28 that net profits dipped slightly in the first quarter, as turnover sank at its investment banking division Barclays Capital. Earnings after taxation fell five percent to £1.012 billion ($1.67 billion, 1.14 billion eu
Published 02 May, 2011 12:00am
Emirates to spend $10 billion to expand fleet

Emirates to spend $10 billion to expand fleet

Emirates, the Arab world's largest airline, will spend about $10 billion a year to fund its fleet expansion over three years but is not under pressure to tap the bond market, a senior official said. The Dubai government-owned carrier, which expects to rec
Published 02 May, 2011 12:00am
P&G net profit jumps 11 percent

P&G net profit jumps 11 percent

US consumer products giant Procter & Gamble on April 28 said net profit rose 11 percent in its third quarter as sales increased in all its regions around the world. The maker of Crest toothpaste, Braun shavers, Tide laundry detergent and other major consu
Published 02 May, 2011 12:00am
P&G net profit jumps 11 percent

P&G net profit jumps 11 percent

US consumer products giant Procter & Gamble on April 28 said net profit rose 11 percent in its third quarter as sales increased in all its regions around the world. The maker of Crest toothpaste, Braun shavers, Tide laundry detergent and other major consu
Published 02 May, 2011 12:00am
Volvo net profit rises on strong sales

Volvo net profit rises on strong sales

Sweden's Volvo Group, the world's second-largest truck maker, posted better-than-expected first-quarter earnings on April 27 thanks to increased sales, but warned the disaster in Japan could impact its second quarter.
Published 02 May, 2011 12:00am
Volvo net profit rises on strong sales

Volvo net profit rises on strong sales

Sweden's Volvo Group, the world's second-largest truck maker, posted better-than-expected first-quarter earnings on April 27 thanks to increased sales, but warned the disaster in Japan could impact its second quarter.
Published 02 May, 2011 12:00am
Nintendo 3DS sales drop

Nintendo 3DS sales drop

Nintendo President Satoru Iwata said on April 26 sales of its new 3DS handheld game player had been weaker than expected in the US and Europe, as well as in Japan where the quake hit consumer sentiment. The 3DS, the world's first video game console with a
Published 02 May, 2011 12:00am
Nintendo 3DS sales drop

Nintendo 3DS sales drop

Nintendo President Satoru Iwata said on April 26 sales of its new 3DS handheld game player had been weaker than expected in the US and Europe, as well as in Japan where the quake hit consumer sentiment. The 3DS, the world's first video game console with a
Published 02 May, 2011 12:00am
Lehman to start Aurora bank auction by June

Lehman to start Aurora bank auction by June

Lehman Brothers Holdings Inc is expected to begin the sale process for Aurora Bank, worth around $850 million, by June as the bankrupt firm sells off pieces of itself to pay off creditors, sources familiar with the situation said. Investment banks KBW Inc
Published 02 May, 2011 12:00am
GE sees SE Asia sales rising, to invest $1 billion

GE sees SE Asia sales rising, to invest $1 billion

General Electric Co, the largest US conglomerate, sees revenues from Southeast Asia rising as much as 30 percent this year and expects investment in the region of at least $1 billion in the next three years.
Published 02 May, 2011 12:00am
GE sees SE Asia sales rising, to invest $1 billion

GE sees SE Asia sales rising, to invest $1 billion

General Electric Co, the largest US conglomerate, sees revenues from Southeast Asia rising as much as 30 percent this year and expects investment in the region of at least $1 billion in the next three years.
Published 02 May, 2011 12:00am
Deutsche Bank posts shining quarterly profit

Deutsche Bank posts shining quarterly profit

Germany's biggest private bank, Deutsche Bank, posted on April 26 its second-best quarterly profit ever owing to strategic acquisitions and investment banking activities. Net profit in the first three months of the year climbed to 2.1 billion euros ($3.1
Published 02 May, 2011 12:00am
Deutsche Bank posts shining quarterly profit

Deutsche Bank posts shining quarterly profit

Germany's biggest private bank, Deutsche Bank, posted on April 26 its second-best quarterly profit ever owing to strategic acquisitions and investment banking activities. Net profit in the first three months of the year climbed to 2.1 billion euros ($3.1
Published 02 May, 2011 12:00am
Sharp profits surge, forecast delayed

Sharp profits surge, forecast delayed

Japan's Sharp Corp said on April 27 its net profit more than quadrupled last year on brisk electronics sales but warned of a severe business climate following the March 11 quake disaster. Sharp held off on releasing its outlook for the year to March 2012,
Published 02 May, 2011 12:00am
Google to correct map highlighting Rio slums

Google to correct map highlighting Rio slums

Internet giant Google has agreed to redo its online map of Rio de Janeiro within a year after being criticised for giving undue prominence to the Brazilian city's notorious favelas. "Google never intended to defame Rio," Google's director of communication
Published 02 May, 2011 12:00am
Hackers swiped PlayStation Network user data: Sony

Hackers swiped PlayStation Network user data: Sony

Sony on April 26 warned that hackers stole password, birthday and other data about users of its PlayStation Network that connected PlayStation 3 (PS3) consoles to online games, films and more. PlayStation Network and Qriocity streaming music service were
Published 02 May, 2011 12:00am
Yahoo! sells Delicious to YouTube founders

Yahoo! sells Delicious to YouTube founders

Yahoo! on April 27 sold Delicious to YouTube founders Chad Hurley and Steve Chen, who promised to continue and grow the popular social bookmarking site. Hurley and Chen, who sold YouTube to Google for $1.65 billion in 2006, said they planned to integrate
Published 02 May, 2011 12:00am
White iPhone finally goes on sale

White iPhone finally goes on sale

The long-awaited white model of the iPhone 4 is finally available, nearly a year behind schedule. Apple said April 27 that white iPhone 4s can be bought through Apple's online store starting Thursday or at Apple stores and authorized retailers.
Published 02 May, 2011 12:00am
Software helps parents oversee children on Facebook

Software helps parents oversee children on Facebook

Internet security firm Check Point on April 26 launched software that lets parents watch over offspring on Facebook without being "friends" at the online social network. ZoneAlarm SocialGuard alerts parents to signs of trouble in a child's Facebook accoun
Published 02 May, 2011 12:00am
Facebook adds 'Send' button

Facebook adds 'Send' button

Facebook on April 25 began letting members of cozy cliques formed at the social networking service share website links or photo albums without all their friends knowing about it. A "Send" button that lets people share website links with selected cadres in
Published 02 May, 2011 12:00am
Samsung challenges Apple with new Smartphone

Samsung challenges Apple with new Smartphone

South Korea's Samsung Electronics on April 28 showcased an updated version of its Galaxy S smartphone designed to compete against rivals such as Apple amid a legal battle with the US giant. The world's second-largest mobile phone maker aims to sell at lea
Published 02 May, 2011 12:00am
Barnes & Noble improves Nook Colour to take on iPad

Barnes & Noble improves Nook Colour to take on iPad

Barnes & Noble Inc introduced new features to its Nook Colour e-reader designed to make the device more competitive with Apple Inc's iPad and to offer more functions that Amazon.com Inc's Kindle does not.
Published 02 May, 2011 12:00am
Apple, Google asked to testify on mobile privacy

Apple, Google asked to testify on mobile privacy

US lawmakers have invited Apple and Google to attend a hearing on privacy next month following claims the iPhone and Android devices regularly track a user's location and stores the data. A Florida lawyer filed a lawsuit meanwhile against Apple on behalf
Published 02 May, 2011 12:00am
Viewdle lets Android smartphones recognise friends

Viewdle lets Android smartphones recognise friends

Northern California start-up Viewdle on April 27 released software that lets Android-powered smartphones recognise people's faces. The free SocialCamera application available at the Android Market or online at viewdle.com/products/mobile was billed as the
Published 02 May, 2011 12:00am
Rising seas scariest climate impact

Rising seas scariest climate impact

Sea level rise is the "most terrifying" impact of climate change and rich countries are showing scant leadership in addressing the threats, the incoming chair of a UN alliance of small island states said on April 26.
Published 02 May, 2011 12:00am
Low vitamin D levels linked to diabetes risk

Low vitamin D levels linked to diabetes risk

Lower levels of vitamin D circulating in the bloodstream are tied to a higher risk of developing diabetes in a new study of Australian adults. After following more than 5,000 people for 5 years, the researchers found those with lower than average vitamin
Published 02 May, 2011 12:00am
Weight loss surgery makes diabetes disappear

Weight loss surgery makes diabetes disappear

Weight loss surgery appears to change the body's metabolism in a way that dieting alone cannot, helping to explain why diabetes often disappears after the surgery even before much weight is lost, US researchers said on April 27. Understanding how gastric
Published 02 May, 2011 12:00am
'Morning heart attacks are more serious'

'Morning heart attacks are more serious'

Heart attacks that occur in the morning are likely to be more serious than attacks at other times of the day, a specialist journal reported on April 27. Spanish researchers looked at data from 811 patients who had been admitted to a Madrid clinic with a m
Published 02 May, 2011 12:00am
Simple test helps spot autism in infants: study

Simple test helps spot autism in infants: study

A five-minute screening test could help detect autism in babies at 12 months of age, giving parents and doctors far more time to intervene, US researchers said on April 28. The study is the first to show that a simple screening tool could be used to detec
Published 02 May, 2011 12:00am
'PPP collecting hotchpotch to save its government'

'PPP collecting hotchpotch to save its government'

Jamaat- e- Islami Secretary General, Liaquat Baloch, has said the PPP was collecting hotchpotch to save its government while the so called opposition that had supported all government policies during the last three years was still pursuing its agenda of l
Published 02 May, 2011 12:00am
Khosa to inaugurate housing project

Khosa to inaugurate housing project

Governor Punjab Latif Khosa will inaugurate Al-Mustafa Housing Project and distribute the keys among the flood victim families at Tibbi Nizam, Gurmani Town District Muzaffargarh on Monday (today). Chairman Al-Mustafa Welfare Trust International UK, Abdul
Published 02 May, 2011 12:00am
Chaudhry League is B-team of PPP government: Saifullah

Chaudhry League is B-team of PPP government: Saifullah

President of Pakistan Muslim League and chairman of Senate Standing Committee on Foreign Affairs Salim Saifullah Khan while addressing a press conference at PML House here on Sunday said that the "unholy alliance of PPP and PML (Chaudhry League)" has comp
Published 02 May, 2011 12:00am
Hike in POL prices first gift of new alliance: JI chief

Hike in POL prices first gift of new alliance: JI chief

Jamaat-e-Islami chief, Syed Munawar Hasan, has said that the fresh raise in the POL prices was the first gift of the new ruling alliance to the masses. Addressing an Azm-e-Inqilab Conference on Sunday, he said that the POL prices had now crossed the prove
Published 02 May, 2011 12:00am
Rallies, demonstrations mark Labour Day

Rallies, demonstrations mark Labour Day

The working class all over the country commemorated May 1, ie, International Labour Day with great fervour holding rallies and demonstrations and taking out processions in major cities, including Lahore. In provincial capital of Punjab, the main processio
Published 02 May, 2011 12:00am
Rallies in Multan to observe Labour Day

Rallies in Multan to observe Labour Day

More than 2000 male and female labourers on Sunday observed the International Labour Day on May 1 in Multan, to pay homage to the Chicago martyrs, who laid down their lives during the historic struggle of workers in Chicago in 1886, for an eight-hour work
Published 02 May, 2011 12:00am
Labour Day observed in AJK

Labour Day observed in AJK

Like other parts of the world, the Labour Day was observed across Azad Jammu and Kashmir on Sunday to pay glorious tributes to those workers who laid down their lives for the achievement of their rights, 125 years ago in Chicago, USA.
Published 02 May, 2011 12:00am
'Government working to resolve workers' issues'

'Government working to resolve workers' issues'

Federal Minister for Information and Broadcasting, Dr Firdous Ashiq Awan has said that the Pakistan Peoples Party (PPP) is striving devotedly for the rights and welfare of workers since its inception, as during the seventies, it initiated various pro-labo
Published 02 May, 2011 12:00am
Rally demands better social security system

Rally demands better social security system

Pakistan Workers Federation on Sunday held a peaceful Labour rally and demanded better social security and wages for workers, restoration of labour laws, and end to privatisation.
Published 02 May, 2011 12:00am
Reasonable salaries for young doctors demanded

Reasonable salaries for young doctors demanded

Central Secretary, Labour National Party, former MPA Rehmat Ali Baloch while supporting genuine demands of young doctors of Balochistan has said that keeping in view 75 percent backward population of the province, they should be given salaries equal to th
Published 02 May, 2011 12:00am
Informal sector: government asked to provide social protection to women

Informal sector: government asked to provide social protection to women

"Pakistan's informal sector has grown about 20 percent in the last one decade, giving rise to exploitation of poor workers, especially home-based women workers by the business class. The informal sector workers are invisible, highly vulnerable and at the
Published 02 May, 2011 12:00am
'Struggle for rights of labourers to continue'

'Struggle for rights of labourers to continue'

Various labour unions and organisations Sunday organised rallies to support the cause of labourers and paid rich tributes to the martyrs of Chicago, who laid their lives for the rights of labourers. Hundreds of labourers gathered at Karachi Press Club (KP
Published 02 May, 2011 12:00am
Mirwaiz urges India to give up stubbornness

Mirwaiz urges India to give up stubbornness

Chairman of All Parties Hurriyat Conference, Mirwaiz Umar Farooq has urged India to give up its stubbornness and show seriousness in resolving Kashmir dispute in accordance with Kashmiris' aspirations. APHC chairman, in an interview in Occupied Srinagar,
Published 02 May, 2011 12:00am
Equal rights, salaries' raise for labourers demanded

Equal rights, salaries' raise for labourers demanded

Labour organisations here Sunday commemorated World Labour Day through staging rallies to pay homage to the martyrs of Chicago with resolve to continue struggle for the rights of labourers in the country.
Published 02 May, 2011 12:00am
Tax on banking companies and their clients

Tax on banking companies and their clients

A variety of tax proposals are reported to be under consideration of the Ministry of Finance for the Federal Budget to be presented in the last week of this month. One of them is to generate higher level of revenues by enhancing the income tax rate on ban
Published 02 May, 2011 12:00am
Palestinian reconciliation

Palestinian reconciliation

In a much welcome development last week Fatah and Hamas struck a deal to form an interim government and fix a date for general elections. A joint statement later said "the consultations resulted in full understanding on all points of discussion" and that
Published 02 May, 2011 12:00am
The President proposes a charter of economy!

The President proposes a charter of economy!

The latest exhortation by the President to a visiting business delegation (comprising chief operating officers of around 30 of the biggest industrial units in the country) was to prepare a "charter of economy" in consultation with all political parties. T
Published 02 May, 2011 12:00am
MoF offers to settle circular debt

MoF offers to settle circular debt

Circular debt was passed on by Pervez Musharraf's financial team that was also responsible for planting the seeds of government borrowing. When the PPP government took-over, they faced a mammoth left-over amount in the shape of government borrowing, which
Published 02 May, 2011 12:00am
All-women army unit lures 'red' tourists in China

All-women army unit lures 'red' tourists in China

Sitting between two of her sons, frail and wrinkled Pan Xianying does not at first glance look like a tourist attraction. But the mother of seven, now nearly a century old, is one of three remaining members of a famed Communist all-women army unit in Chin
Published 02 May, 2011 12:00am
MQM versus PML-Q

MQM versus PML-Q

Despite similarities in the politics of MQM and PML-Q during Musharraf's regime, it is becoming clear that the policies of the two parties are taking dissimilar paths. This is visible by MQM's stand on rejecting ministerial slots after rejoining the PPP;
Published 02 May, 2011 12:00am
Colombian rebels bomb oil pipeline, exports unaffected

Colombian rebels bomb oil pipeline, exports unaffected

Colombian rebels bombed an oil pipeline and paralysed 80,000 barrels per day of crude transport but exports from Latin America's No. 4 oil producer were not affected, the state energy company Ecopetrol said on Sunday.
Published 02 May, 2011 12:00am
Colombian rebels bomb oil pipeline, exports unaffected

Colombian rebels bomb oil pipeline, exports unaffected

Colombian rebels bombed an oil pipeline and paralysed 80,000 barrels per day of crude transport but exports from Latin America's No. 4 oil producer were not affected, the state energy company Ecopetrol said on Sunday.
Published 02 May, 2011 12:00am
US mulls making more firms pay corporate tax

US mulls making more firms pay corporate tax

The Obama administration is considering a plan to force more businesses to pay the corporate income tax, an industry group said, in an overhaul package that could be unveiled as early as this month. Under the proposal, entities with more than $50 million
Published 02 May, 2011 12:00am
US mulls making more firms pay corporate tax

US mulls making more firms pay corporate tax

The Obama administration is considering a plan to force more businesses to pay the corporate income tax, an industry group said, in an overhaul package that could be unveiled as early as this month. Under the proposal, entities with more than $50 million
Published 02 May, 2011 12:00am
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