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Archive - 2011-07-10
‘9 0’ telephone lines disconnected
Top News

‘9 0’ telephone lines disconnected

KARACHI : Telephone lines in MQM headquarters, ‘9 0’, have been disconnected late Sunday, AAJ TV Reported. MQM leader
Published 10 Jul, 2011 07:51pm
Sudanese pound falls in north
Financial

Sudanese pound falls in north

KHARTOUM : The Sudanese pound fell on the key black market in the north as demand for dollars rose after the oil-rich so
Published 10 Jul, 2011 03:58pm
Egyptian frustrations with army
Africa

Egyptian frustrations with army

CAIRO : Egyptian activists vowed on Sunday to stay camped in Cairo 's Tahrir Square , accusing the army rulers of fail
Published 10 Jul, 2011 03:43pm
Porsche car sales jump 36pc
Top News

Porsche car sales jump 36pc

FRANKFURT : German sports carmaker Porsche has sold 60,650 cars in the first six months of the year, a 36 percent increa
Published 10 Jul, 2011 03:29pm
Iran to spend $18bn on south oil
Energy

Iran to spend $18bn on south oil

DUBAI : Iran plans to invest $18 billion by 2015 to boost output the oil-rich south and expects its Yadavaran field to
Published 10 Jul, 2011 02:23pm
Stark Lagarde warning on US debt default
Top News

Stark Lagarde warning on US debt default

WASHINGTON : New IMF chief Christine Lagarde warned Sunday that a US debt default would jeopardize global economic sta
Published 10 Jul, 2011 01:18pm
Bangladesh imports wheat, rice 100,000T
Top News

Bangladesh imports wheat, rice 100,000T

DHAKA : Bangladesh 's state grains buyer issued on Sunday tenders to import 50,000 tonnes of wheat and 50,000 tonnes of
Published 10 Jul, 2011 11:39am
Violent clashes at Bangladesh protests
Top News

Violent clashes at Bangladesh protests

DHAKA : Police in Bangladesh fired rubber bullets and tear gas on Sunday at thousands of activists demonstrating for t
Published 10 Jul, 2011 10:01am
Egypt inflation at 11.8 percent
Top News

Egypt inflation at 11.8 percent

CAIRO : Urban consumer inflation in Egypt was 11.8 percent in the 12 months to June, little changed from the 11.87 per
Published 10 Jul, 2011 05:51am
Meezan Funds pay dividend of Rs 108 crores to unitholders

Meezan Funds pay dividend of Rs 108 crores to unitholders

The Board of Directors of Al Meezan Investment Management Ltd (Al Meezan) in its meeting held on July 7, 2011 declared dividend for its three open end funds ie Meezan Islamic Fund (MIF), Meezan Islamic Income Fund (MIIF) and Meezan Sovereign Fund (MSF) fo
Published 10 Jul, 2011 12:00am
Meezan Funds pay dividend of Rs 108 crores to unitholders

Meezan Funds pay dividend of Rs 108 crores to unitholders

The Board of Directors of Al Meezan Investment Management Ltd (Al Meezan) in its meeting held on July 7, 2011 declared dividend for its three open end funds ie Meezan Islamic Fund (MIF), Meezan Islamic Income Fund (MIIF) and Meezan Sovereign Fund (MSF) fo
Published 10 Jul, 2011 12:00am
HRW slams Syria

HRW slams Syria

Human Rights Watch on Saturday condemned Syria's "deliberate policy" of dispersing protesters with deadly force after activists said security forces killed at least 15 people in the latest protests. The deaths came on Friday as Damascus accused the US env
Published 10 Jul, 2011 12:00am
Israeli Arabs protest in Nazareth

Israeli Arabs protest in Nazareth

Several thousand Israeli Arabs protested in Nazareth on Saturday against the detention in Britain of controversial Islamist leader Sheikh Raed Saleh who faces deportation. An AFP journalist said around 4,000 people, among them Arab members of the Israeli
Published 10 Jul, 2011 12:00am
Merkel up for third mandate in 2013

Merkel up for third mandate in 2013

German Chancellor Angela Merkel intends to run for a third mandate in 2013 elections, she said on television on Saturday. "I have high hopes that the Social Democrats will find me an adversary before the next election," the 56-year-old Christian Democrat
Published 10 Jul, 2011 12:00am
Heirs, US government battle in court over rare coins

Heirs, US government battle in court over rare coins

The heirs to a renowned Philadelphia jeweller are locked in a court battle with the US government over the ownership of 10 rare gold coins from 1933 worth an estimated $75 million. The government contends the coins were stolen because the 1933 Double Eagl
Published 10 Jul, 2011 12:00am
Police arrests 1,600 in Malaysia protest

Police arrests 1,600 in Malaysia protest

Malaysian police fired tear gas and water cannon and made over 1,600 arrests on Saturday during clashes with protesters who defied government warnings to rally in the capital for electoral reform. Leaders of opposition parties were among those detained du
Published 10 Jul, 2011 12:00am
17 killed

17 killed

At least 17 people were killed in a bar massacre Friday night in the northern Mexico city of Monterrey when riflemen opened fire on the clientele and employees, a state forensic investigator said. Monterrey, a major industrial hub, has seen a spike of vio
Published 10 Jul, 2011 12:00am
Nuclear clean-up could take decades: Japanese Prime Minister

Nuclear clean-up could take decades: Japanese Prime Minister

Japanese Prime Minister Naoto Kan said on Saturday it will take decades to clean up and decommission the crippled Fukushima nuclear plant after the world's worst atomic accident since Chernobyl. Kan's comments marked the first time that Japan's government
Published 10 Jul, 2011 12:00am
Georgian journalists charged with spying for Russia

Georgian journalists charged with spying for Russia

Three Georgian photojournalists were accused on Saturday of passing secret information regarding the movements of President Mikheil Saakashvili to Russian intelligence and were charged with espionage. The case is being followed closely by media watchdogs
Published 10 Jul, 2011 12:00am
Argentine singer Facundo Cabral killed

Argentine singer Facundo Cabral killed

Argentine singer Facundo Cabral, one of the stars of Latin America folk music, was shot dead in Guatemala City early on Saturday when unidentified gunmen riddled his car with bullets, authorities said. Cabral and his driver were killed in the Guatemalan C
Published 10 Jul, 2011 12:00am
China warns US after politicians meet Dalai Lama

China warns US after politicians meet Dalai Lama

China warned the United States not to interfere in its internal affairs after senior US politicians met in Washington exiled Tibetan spiritual leader the Dalai Lama, a man Beijing reviles as a separatist. "The affairs of Tibet are a purely Chinese interna
Published 10 Jul, 2011 12:00am
Afghan insurgent attacks dip for first time: Petraeus

Afghan insurgent attacks dip for first time: Petraeus

Insurgent attacks against Afghan and Nato forces in Afghanistan have started to decline on an annual basis for the first time in up to five years, defying predictions by intelligence analysts, General David Petraeus said on Saturday.
Published 10 Jul, 2011 12:00am
Afghan agent kills Nato soldier, civilian

Afghan agent kills Nato soldier, civilian

An agent from Afghanistan's intelligence unit opened fire at a foreign base on Saturday, killing a soldier and a civilian from the Nato-led coalition and wounding a third, Nato and the police chief of normally peaceful northern Panjshir province said.
Published 10 Jul, 2011 12:00am
Rahul Gandhi vows to protect farmers' rights

Rahul Gandhi vows to protect farmers' rights

Rahul Gandhi, tipped as a future Indian premier, vowed Saturday to protect farmers' rights against greedy land developers as he ended a march through the nation's dusty countryside. Gandhi, who has pitched himself as champion of the India's poor, told a r
Published 10 Jul, 2011 12:00am
Former US first lady Betty Ford dies

Former US first lady Betty Ford dies

Betty Ford, the wife of the late President Gerald Ford, who overcame alcohol and prescription drug addictions and helped found a rehabilitation clinic that bears her name, died on Friday at the age of 93.
Published 10 Jul, 2011 12:00am
Sri Lanka holds Briton over war crimes video

Sri Lanka holds Briton over war crimes video

Sri Lanka has arrested a Briton for allegedly helping a British TV channel produce a documentary accusing Sri Lankan troops of war crimes, a media report said on Saturday. A Colombo magistrate on Friday agreed to a police request to detain the suspect, a
Published 10 Jul, 2011 12:00am
Murdoch flies to London to tackle crisis

Murdoch flies to London to tackle crisis

Rupert Murdoch was expected to fly to London to tackle a scandal engulfing his media empire while journalists prepared the last edition of a best-selling weekly they say he has sacrificed to protect plans to expand his television business.
Published 10 Jul, 2011 12:00am
Dernbach seals England's series win over Sri Lanka

Dernbach seals England's series win over Sri Lanka

Jade Dernbach held his nerve as England beat Sri Lanka by 16 runs in the fifth one-day international at Old Trafford to seal a 3-2 series win over the World Cup finalists on Saturday. Sri Lanka, chasing 269 for victory, finished on 252 all out with 10 bal
Published 10 Jul, 2011 12:00am
Italy World Cup winner Cannavaro retires

Italy World Cup winner Cannavaro retires

Former World Player of the Year Fabio Cannavaro retired on Saturday five years to the day since captaining Italy to World Cup glory. The 37-year-old, who stepped down from Italy duty after last year's humbling World Cup group stage exit as holders, has en
Published 10 Jul, 2011 12:00am
Rui Costa wins eighth stage, Hushovd keeps yellow

Rui Costa wins eighth stage, Hushovd keeps yellow

Portuguese Alberto Rui Costa of the Movistar team hung on during a tense finish to win the Tour de France eighth stage, a 189km ride from Aiguirande to Super-Besse on Saturday. Norwegian Thor Hushovd of Garmin-Cervelo upset predictions to retain the race
Published 10 Jul, 2011 12:00am
Murrays at the double as Britain lead Luxembourg

Murrays at the double as Britain lead Luxembourg

Andy and Jamie Murray put Great Britain firmly in control of their Davis Cup clash with Luxembourg here Saturday, winning their doubles match in straight sets to give the home side a 2-1 lead. The Scottish duo, making their debut as a doubles pair in the
Published 10 Jul, 2011 12:00am
Wassana bags Thailand's first gold

Wassana bags Thailand's first gold

Winatho Wassana clinched Thailand's first gold medal of the week when she won the women's heptathlon at the Asian athletics championships on Saturday. She collected a total of 5,710 points from 100m hurdles, high jump, shot put, 200m, long jump, javelin a
Published 10 Jul, 2011 12:00am
Hercog outwits Larsson to bag Bastad title

Hercog outwits Larsson to bag Bastad title

Slovenia's Polona Hercog beat local favourite Johanna Larsson in straight sets to claim her first-ever WTA title at the Swedish Open in Bastad on Saturday. The 20-year-old, 53 in the world rankings, exploited the Swede's shaky backhand to win 6-4 7-5.
Published 10 Jul, 2011 12:00am
Doubles win keeps Sweden Davis Cup hopes alive

Doubles win keeps Sweden Davis Cup hopes alive

Sweden defied Wimbledon champion Novak Djokovic to record a doubles victory against Davis Cup holders Serbia and keep their hopes alive of making the semi-finals on Saturday. Simon Aspelin and Robert Lindstedt gave the home crowd at the Halmstad arena som
Published 10 Jul, 2011 12:00am
France secure Davis Cup semi-final spot

France secure Davis Cup semi-final spot

France are through to the semi-finals of the Davis Cup after their victory in Saturday's doubles gave them an unassailable 3-0 lead against Germany in Stuttgart. Michael Llodra and Jo-Wilfried Tsonga overcame Philipp Petzschner and Christopher Kas in stra
Published 10 Jul, 2011 12:00am
Edwards puts the skids on India lower order

Edwards puts the skids on India lower order

India's lower-order batting was undermined by Fidel Edwards as the visitors were dismissed for 347 about an hour and 10 minutes before lunch on the fourth day of the third Test against West Indies on Saturday. India resumed looking to add significantly to
Published 10 Jul, 2011 12:00am
West Indies 26 for two at lunch

West Indies 26 for two at lunch

West Indies were 26 for two in their second innings at lunch on the fourth day of the third Test against India on Saturday at Windsor Park, trailing by 117 runs.
Published 10 Jul, 2011 12:00am
World Snooker Cup from tomorrow: Shahid, Sajid to represent Pakistan

World Snooker Cup from tomorrow: Shahid, Sajid to represent Pakistan

World Snooker Cup will be staged in Thailand from July 11-17 in which 20 teams are participating. The teams have been divided into four groups of five teams. Each team will play four matches in the groups' stages and with each team playing each other once
Published 10 Jul, 2011 12:00am
Indonesia elects new chief to avoid FIFA sanctions

Indonesia elects new chief to avoid FIFA sanctions

Indonesia's football association (PSSI) elected a new head on Saturday, ending months of a bitter leadership row and avoiding sanctions from world governing body FIFA. Djohar Arifin Husin, a former secretary general of the Indonesian Sports Committee, wil
Published 10 Jul, 2011 12:00am
Sanchez, Guerrero take Chile, Peru to brink of quarters

Sanchez, Guerrero take Chile, Peru to brink of quarters

While favourites Argentina and Brazil struggle for form, Chile and Peru are awakening from years of slumber at the Copa America after moving to the brink of the quarter-finals on Friday. Peru won the last of their two South American championships in 1975
Published 10 Jul, 2011 12:00am
Dollar likely to weaken without US debt limit progress

Dollar likely to weaken without US debt limit progress

The dollar is likely to trend lower in the week ahead in the aftermath of an abysmal US jobs report on Friday and without clear signs of progress on the approaching US debt ceiling deadline.
Published 10 Jul, 2011 12:00am
Speculators boost US dollar shorts

Speculators boost US dollar shorts

Currency speculators increased bets against the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position rose to $15.08 billion in the week ended July 5,
Published 10 Jul, 2011 12:00am
Rouble flat

Rouble flat

Russia's rouble was flat against the dollar and down slightly against the euro after weak US employment data on Friday, while stocks fell after Prime Minister Vladimir Putin warned oil firms about neglecting domestic refining. Versus the euro-dollar baske
Published 10 Jul, 2011 12:00am
Canadian dollar falls

Canadian dollar falls

Canada's dollar weakened against the greenback on Friday after a dismal report on the US labour market raised concerns that a US economic recovery is further away than anticipated. Stock markets around the world fell and oil slumped after US data showed e
Published 10 Jul, 2011 12:00am
African currencies outlook

African currencies outlook

Kenya's and Uganda's shillings are likely to come under pressure against the dollar next week, while Tanzania's steadily weakening currency may take brief respite after unusually stiff central bank intervention.
Published 10 Jul, 2011 12:00am
Latam currencies slide

Latam currencies slide

Latin American currencies weakened against the dollar on Friday, led by Mexico's peso and Brazil's real, as weak US job creation dimmed expectations for growth in the world's largest economy. Mexico's peso weakened 0.7 percent to 11.6202 to the US dollar,
Published 10 Jul, 2011 12:00am
Jobs halt Wall Street rally, investors eye earnings

Jobs halt Wall Street rally, investors eye earnings

US stocks fell on Friday as a weak jobs report dashed optimism that the economy was emerging from a soft patch, leaving investors to hope earnings season would revive an appetite for buying. The sell-off was broad and halted an eight-day streak for the Na
Published 10 Jul, 2011 12:00am
Toronto's main index declines

Toronto's main index declines

Toronto's main stock market index fell on Friday as disappointing US jobs data for June hit sentiment, though the decline was tempered by hopes the setback to economic recovery was temporary. Figures showed US employment growth ground to a halt in June, s
Published 10 Jul, 2011 12:00am
Sri Lankan shares fall

Sri Lankan shares fall

Sri Lankan stocks edged down on Friday from a more-than-two week high on retail selling as liquidity was tight with large amounts of money locked in private placements and public issues, but debutant Vellibel One boosted volume and turnover. Sri Lanka's m
Published 10 Jul, 2011 12:00am
JGB futures hit one-month low

JGB futures hit one-month low

Japanese government bond futures eased on Friday to a one-month low as the Nikkei average hit a four-month peak and nearly recovered to pre-quake levels, after stronger US data raised hopes that a slowdown in the global economy may be temporary. But the r
Published 10 Jul, 2011 12:00am
JGB futures hit one-month low

JGB futures hit one-month low

Japanese government bond futures eased on Friday to a one-month low as the Nikkei average hit a four-month peak and nearly recovered to pre-quake levels, after stronger US data raised hopes that a slowdown in the global economy may be temporary. But the r
Published 10 Jul, 2011 12:00am
Brazil, Colombia stock exchanges consider link-up

Brazil, Colombia stock exchanges consider link-up

Brazil's BM&FBovespa stock exchange said on Friday it and the Colombian Stock Exchange, BVC, would look into the idea of linking their securities trading platforms to develop the region's capital markets. It said the exchanges signed a memorandum of under
Published 10 Jul, 2011 12:00am
ADR Report: Italian ADRs fall as debt contagion fears mount

ADR Report: Italian ADRs fall as debt contagion fears mount

Italian shares traded in the United States fell sharply on Friday after deep declines among Italy's largest banks sparked fears of debt contagion in the euro zone, signalling more weakness for European financials. US-listed shares of Italian energy compan
Published 10 Jul, 2011 12:00am
Indian bond yields steady

Indian bond yields steady

Indian federal bond yields ended largely steady on Friday ahead of key US jobs data, with domestic factory output and inflation data next week crucial to expectations about the central bank's July 26 policy review. The 10-year benchmark bond yield ended d
Published 10 Jul, 2011 12:00am
Indian bond yields steady

Indian bond yields steady

Indian federal bond yields ended largely steady on Friday ahead of key US jobs data, with domestic factory output and inflation data next week crucial to expectations about the central bank's July 26 policy review. The 10-year benchmark bond yield ended d
Published 10 Jul, 2011 12:00am
Toys R Us IPO taking shape slowly, now seen in 2012

Toys R Us IPO taking shape slowly, now seen in 2012

Selling Barbie dolls and Hot Wheels to children may prove far easier than hawking Toys R Us to investors. The New Jersey-based company behind the iconic dolls and model cars filed its IPO paperwork in May 2010 but is now not expected to go public until 20
Published 10 Jul, 2011 12:00am
Treasuries rally

Treasuries rally

US Treasury prices rallied on Friday after a dismal jobs report renewed fears the economy is slowing, and led to some speculation that lawmakers may now be less likely to push through harsh spending cuts, or risk harming the economy further. Jobs growth g
Published 10 Jul, 2011 12:00am
Treasuries rally

Treasuries rally

US Treasury prices rallied on Friday after a dismal jobs report renewed fears the economy is slowing, and led to some speculation that lawmakers may now be less likely to push through harsh spending cuts, or risk harming the economy further. Jobs growth g
Published 10 Jul, 2011 12:00am
Turkish markets mixed

Turkish markets mixed

Turkish assets were mixed on Friday as a disappointing US jobs report hampered investor appetite for riskier emerging market assets while better-than-expected Turkish May industrial output data raised fears Turkey's surging economy may be overheating.
Published 10 Jul, 2011 12:00am
Eurozone has governance problems: Trichet

Eurozone has governance problems: Trichet

ECB president Jean-Claude Trichet said on Saturday the eurozone had governance issues, but was still in a better situation than elsewhere in the world. Speaking at a conference in southern France, Trichet added that the eurozone was not alone in having pr
Published 10 Jul, 2011 12:00am
Iran plans $1 billion bond issue

Iran plans $1 billion bond issue

Iran's energy minister aims to issue $1 billion of dollar denominated bonds, the students news agency ISNA reported on Saturday. "We are preparing to issue $1 billion of bonds to develop electricity and water projects," Majid Namjou told ISNA, adding the
Published 10 Jul, 2011 12:00am
Iran plans $1 billion bond issue

Iran plans $1 billion bond issue

Iran's energy minister aims to issue $1 billion of dollar denominated bonds, the students news agency ISNA reported on Saturday. "We are preparing to issue $1 billion of bonds to develop electricity and water projects," Majid Namjou told ISNA, adding the
Published 10 Jul, 2011 12:00am
Italy Prime Minister's holding told to pay $800 million penalty

Italy Prime Minister's holding told to pay $800 million penalty

A Milan appeals court on Saturday ordered Silvio Berlusconi's holding company to pay 560 million euros ($801 million) in compensation to rival CIR, dealing a further blow to the weakened Italian prime minister. The appeals court's ruling acknowledged that
Published 10 Jul, 2011 12:00am
Merck settles with Teva over cholesterol drugs

Merck settles with Teva over cholesterol drugs

Teva Pharmaceutical Industries settled a lawsuit brought by Merck & Co by agreeing to hold off until 2017 on sales of generic versions of cholesterol drugs Vytorin and Zetia, according to court documents. The agreement, filed in federal court in Newark, N
Published 10 Jul, 2011 12:00am
China's inflation at three-year high

China's inflation at three-year high

China's annual inflation accelerated to a three-year high in June, increasing the chances that the central bank will keep raising interest rates to tame price pressures that are spreading beyond food and energy. Saturday's data, which comes just three day
Published 10 Jul, 2011 12:00am
Lexus to lose top spot in US luxury car market

Lexus to lose top spot in US luxury car market

Toyota Motor Corp's brand Lexus will end its streak of 11 years as the top luxury brand in the US market due to lost sales in the aftermath of the Japan earthquake and tsunami, said Mark Templin, Lexus Division general manager. Templin said Lexus US sales
Published 10 Jul, 2011 12:00am
Australian carrier Jetstar under investigation

Australian carrier Jetstar under investigation

Australia's aviation regulator said Saturday it had launched a review of maintenance at budget airline Jetstar, a Qantas offshoot, in the wake of another low-cost carrier being grounded. The Civil Aviation Safety Authority (CASA) said it was examining dat
Published 10 Jul, 2011 12:00am
Pressure mounts on UK regulator in Murdoch-BSkyB deal

Pressure mounts on UK regulator in Murdoch-BSkyB deal

Britain's broadcasting watchdog will come under intense pressure in assessing whether directors of Rupert Murdoch's business empire, including son James, are fit to run UK satellite broadcaster BSkyB - a decision that could have implications for Murdoch's
Published 10 Jul, 2011 12:00am
Opec will not lift output ceiling: Iran

Opec will not lift output ceiling: Iran

Iran's caretaker oil minister said on Saturday that Opec was opposed to any increase in output ceilings in the absence of "well-studied justifications". "Iran's policy as head of Opec is to maintain the production ceiling of this organisation," Mohammad A
Published 10 Jul, 2011 12:00am
Political sacrifices needed for US debt deal: Obama

Political sacrifices needed for US debt deal: Obama

President Barack Obama said on Saturday political sacrifices will be needed by both Democrats and Republicans to break a budget impasse and avoid a looming US debt default. Under pressure to reduce America's 9.2 percent jobless rate, Obama used his weekly
Published 10 Jul, 2011 12:00am
'Colombian Madoff' gets nine years in US prison

'Colombian Madoff' gets nine years in US prison

A US court sentenced an alleged fraudster dubbed the "Colombian Madoff" for ties to a multimillion-dollar pyramid scheme to nine years in prison Friday after he pleaded guilty to money laundering. US District Judge William Pauley in New York said David Mu
Published 10 Jul, 2011 12:00am
Tax deal with Germany progressing: Swiss minister

Tax deal with Germany progressing: Swiss minister

Negotiations about a tax deal with Germany are making progress, Switzerland's finance minister Eveline Widmer-Schlumpf was quoted as saying on Saturday. "I spoke to German finance minister Wolfgang Schaeuble on the phone last week. We managed to solve som
Published 10 Jul, 2011 12:00am
Oman's inflation at 25-month high

Oman's inflation at 25-month high

Annual inflation in Oman hit the highest level in 25 months in May due to a rise in food prices, data showed on Saturday, while living costs in Saudi Arabia in June rose slightly from the previous month on food and housing components. Inflation in the Gul
Published 10 Jul, 2011 12:00am
Three US banks closed

Three US banks closed

US authorities closed three banks on Friday, bringing the total number of foreclosures in 2011 to 51. First Chicago Bank & Trust of Chicago, Illinois, with just under $960 million in total assets, was closed, the Federal Deposit Insurance Corp said. North
Published 10 Jul, 2011 12:00am
Brazil to look again at fighter jet deal

Brazil to look again at fighter jet deal

The Brazilian government will not review multibillion-dollar bids for a fighter jet deal until the start of 2012, Defence Minister Nelson Jobim told Reuters on Saturday. "We will go to examine it into the beginning of next year. At the moment, we are only
Published 10 Jul, 2011 12:00am
Indonesia to import 180,000 Australian cattle

Indonesia to import 180,000 Australian cattle

Indonesia will import 180,000 live cattle from Australia for the third quarter, marking the restart of imports after a ban on the A$320 million trade was lifted this week, chief economics minister Hatta Rajasa said on Friday. Australia's government remove
Published 10 Jul, 2011 12:00am
US Midwest bids for corn and soya firm

US Midwest bids for corn and soya firm

Cash basis bids for corn and soyabeans were steady to firm at elevators and processors around the US Midwest on Friday as producers sold some new-crop supplies, dealers said. Producers sold small amounts of soyabeans, but most waited for prices to rise to
Published 10 Jul, 2011 12:00am
China imports five million tonnes of corn since March

China imports five million tonnes of corn since March

China may have bought as much as 5 million tonnes of corn since March and traders expect the world's second-largest consumer to shop for more, as it stockpiles the feed grain following a slide in global prices from record highs. Chicago Board of Trade cor
Published 10 Jul, 2011 12:00am
Oman's oil output up 2.3 percent

Oman's oil output up 2.3 percent

Oman's oil production rose 2.3 percent in the first five months of 2011 to an average of 879,400 barrels per day, compared with the same period a year earlier, finance ministry data showed on Saturday. The non-Opec member already exceeded its production f
Published 10 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 66,347 tonnes of cargo including 38,816 tonnes of import cargo, 27,531 tonnes of export cargo and 3,384 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 38,816 tonnes compri
Published 10 Jul, 2011 12:00am
Indonesian coffee output may drop 30 percent this year

Indonesian coffee output may drop 30 percent this year

Coffee production in Indonesia, the world's second-largest robusta producer after Vietnam, could fall as much as 30 percent to around 400,000 tonnes in 2011 due to a failure in pollination after last year's persistent rains, the Indonesian Coffee and Coco
Published 10 Jul, 2011 12:00am
Argentina's wheat sowing speeds up, good crop weather

Argentina's wheat sowing speeds up, good crop weather

Favourable crop weather allowed Argentine farmers to forge ahead with 2011/12 wheat planting last week, the government said on Friday. Argentina is a leading wheat grower and exports the bulk of its crop to neighbouring Brazil. Planting began last month a
Published 10 Jul, 2011 12:00am
China's coal prices flat

China's coal prices flat

China's thermal coal prices were flat this week as power stations, already stuffed with summer stocks, paused their buying spree, but anticipation of another round of summer restocking later this month kept prices elevated. Average weekly prices of coal w
Published 10 Jul, 2011 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was higher on the forward cottonseed oilcake market on Saturday and December vaida was unchanged in process of trading, dealers said. The July contract that had closed at 1426.80 opened with 40 paisa gain at Rs 1427.20. The December vaida w
Published 10 Jul, 2011 12:00am
Business remains slack on grain market

Business remains slack on grain market

Small business was seen on the wholesale grain market on Saturday as a number of buyers were conspicuous by their absence, dealers said. On the cereal side, wheat old and new bardan prices continued weakness, falling by another Rs 25 to Rs 2600-2615, othe
Published 10 Jul, 2011 12:00am
Indonesia's Bayan signs 100 million tonnes of coal deal with Indian firm

Indonesia's Bayan signs 100 million tonnes of coal deal with Indian firm

Indonesian coal miner Bayan Resources Tbk has signed a deal with India's Universal Crescent Power Private Ltd to supply 100 million tonnes of coal over 15 years from 2015, the firm's chief financial officer said on Friday. "It's an index linked contract b
Published 10 Jul, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 10 Jul, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 10 Jul, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 09, 2011).
Published 10 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Bears dominated the currency market on Saturday as the rupee fell versus dollar in process of higher demand for the US currency, experts said. The rupee dropped eight paisa against dollar for buying at 85.90 and shed nine paisa for selling 85.95, they sai
Published 10 Jul, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Bears dominated the currency market on Saturday as the rupee fell versus dollar in process of higher demand for the US currency, experts said. The rupee dropped eight paisa against dollar for buying at 85.90 and shed nine paisa for selling 85.95, they sai
Published 10 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Zawahri believed to be in Pakistan's tribal areas: Panetta

Zawahri believed to be in Pakistan's tribal areas: Panetta

New US Defence Secretary Leon Panetta arrived in Afghanistan on Saturday, saying he believed the strategic defeat of al Qaeda was within reach if the United States could kill or capture up to 20 remaining leaders of the core group and its affiliates. Pane
Published 10 Jul, 2011 12:00am
Zawahri believed to be in Pakistan's tribal areas: Panetta

Zawahri believed to be in Pakistan's tribal areas: Panetta

New US Defence Secretary Leon Panetta arrived in Afghanistan on Saturday, saying he believed the strategic defeat of al Qaeda was within reach if the United States could kill or capture up to 20 remaining leaders of the core group and its affiliates. Pane
Published 10 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Concession to hydropower project: ECC deviates from relending policy

Concession to hydropower project: ECC deviates from relending policy

The Economic Co-ordination Committee (ECC) of the Cabinet, has, reportedly deviated from its approved relending policy 2009, to extend concession to one hydropower project supported by a loan from Kreditanstalt für Wiederaufbau (KfW) of Germany despite st
Published 10 Jul, 2011 12:00am
Concession to hydropower project: ECC deviates from relending policy

Concession to hydropower project: ECC deviates from relending policy

The Economic Co-ordination Committee (ECC) of the Cabinet, has, reportedly deviated from its approved relending policy 2009, to extend concession to one hydropower project supported by a loan from Kreditanstalt für Wiederaufbau (KfW) of Germany despite st
Published 10 Jul, 2011 12:00am
Concession to hydropower project: ECC deviates from relending policy

Concession to hydropower project: ECC deviates from relending policy

The Economic Co-ordination Committee (ECC) of the Cabinet, has, reportedly deviated from its approved relending policy 2009, to extend concession to one hydropower project supported by a loan from Kreditanstalt für Wiederaufbau (KfW) of Germany despite st
Published 10 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 10 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 10 Jul, 2011 12:00am
Fiscal year 2011 external financing: EAD yet to compile data

Fiscal year 2011 external financing: EAD yet to compile data

The Economic Affairs Division (EAD) has yet to compile data on total external financing in FY11, 10 days after the year ended. A senior official of the EAD, on condition of anonymity said, "it will take another 10-15 days to compile the data on the extern
Published 10 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Fiscal year 2011 external financing: EAD yet to compile data

Fiscal year 2011 external financing: EAD yet to compile data

The Economic Affairs Division (EAD) has yet to compile data on total external financing in FY11, 10 days after the year ended. A senior official of the EAD, on condition of anonymity said, "it will take another 10-15 days to compile the data on the extern
Published 10 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 09, 2011).

Published 10 Jul, 2011 12:00am
Fiscal year 2011 external financing: EAD yet to compile data

Fiscal year 2011 external financing: EAD yet to compile data

The Economic Affairs Division (EAD) has yet to compile data on total external financing in FY11, 10 days after the year ended. A senior official of the EAD, on condition of anonymity said, "it will take another 10-15 days to compile the data on the extern
Published 10 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (July 09, 2011) and the forecast for Sunday (July 10, 2011).

Published 10 Jul, 2011 12:00am
Saleem Shahzad case: commission given data of cellphone calls

Saleem Shahzad case: commission given data of cellphone calls

The Saleem Shahzad murder commission was provided complete data of cellphone calls of the slain journalist whereas the cyber wing of the FIA was directed to produce email record of the deceased in a week. Similarly, National Highways Authority was asked t
Published 10 Jul, 2011 12:00am
Saleem Shahzad case: commission given data of cellphone calls

Saleem Shahzad case: commission given data of cellphone calls

The Saleem Shahzad murder commission was provided complete data of cellphone calls of the slain journalist whereas the cyber wing of the FIA was directed to produce email record of the deceased in a week. Similarly, National Highways Authority was asked t
Published 10 Jul, 2011 12:00am
Journalists' protection bill submitted to Senate

Journalists' protection bill submitted to Senate

A private members bill seeking legislation for the protection and welfare of journalists has been submitted to the Upper House of Parliament. The eight-page "Journalists' Protection and Welfare Bill 2011," was submitted to the Senate on Saturday with sign
Published 10 Jul, 2011 12:00am
Journalists' protection bill submitted to Senate

Journalists' protection bill submitted to Senate

A private members bill seeking legislation for the protection and welfare of journalists has been submitted to the Upper House of Parliament. The eight-page "Journalists' Protection and Welfare Bill 2011," was submitted to the Senate on Saturday with sign
Published 10 Jul, 2011 12:00am
SPI inflation swells to 16.65 percent

SPI inflation swells to 16.65 percent

The SPI inflation swelled to 16.65 percent in the first week of current fiscal year on July 7 over the same period of last year following considerable increase in the prices of essential commodities in the wake of the budget. Official Sensitive Price Indi
Published 10 Jul, 2011 12:00am
SPI inflation swells to 16.65 percent

SPI inflation swells to 16.65 percent

The SPI inflation swelled to 16.65 percent in the first week of current fiscal year on July 7 over the same period of last year following considerable increase in the prices of essential commodities in the wake of the budget. Official Sensitive Price Indi
Published 10 Jul, 2011 12:00am
SPI inflation swells to 16.65 percent

SPI inflation swells to 16.65 percent

The SPI inflation swelled to 16.65 percent in the first week of current fiscal year on July 7 over the same period of last year following considerable increase in the prices of essential commodities in the wake of the budget. Official Sensitive Price Indi
Published 10 Jul, 2011 12:00am
Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Federal Board of Revenue Chairman Salman Siddiq on Saturday gave assurance to the value added sector that its problems will be addressed in the upcoming meeting of the Revenue Advisory Council, on July 12, 2011. He was talking to media after meeting with
Published 10 Jul, 2011 12:00am
Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Federal Board of Revenue Chairman Salman Siddiq on Saturday gave assurance to the value added sector that its problems will be addressed in the upcoming meeting of the Revenue Advisory Council, on July 12, 2011. He was talking to media after meeting with
Published 10 Jul, 2011 12:00am
Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Value-added sector problems to be addressed in RAC July 12 meeting: FBR

Federal Board of Revenue Chairman Salman Siddiq on Saturday gave assurance to the value added sector that its problems will be addressed in the upcoming meeting of the Revenue Advisory Council, on July 12, 2011. He was talking to media after meeting with
Published 10 Jul, 2011 12:00am
FBR frames new IT policy

FBR frames new IT policy

The Federal Board of Revenue (FBR) has framed a new IT policy under which Core Business Domain Team (CBDT) has been established to take decisions on putting in place modern and visionary tax related IT systems for e-integration of sales tax, federal excis
Published 10 Jul, 2011 12:00am
FBR frames new IT policy

FBR frames new IT policy

The Federal Board of Revenue (FBR) has framed a new IT policy under which Core Business Domain Team (CBDT) has been established to take decisions on putting in place modern and visionary tax related IT systems for e-integration of sales tax, federal excis
Published 10 Jul, 2011 12:00am
FBR frames new IT policy

FBR frames new IT policy

The Federal Board of Revenue (FBR) has framed a new IT policy under which Core Business Domain Team (CBDT) has been established to take decisions on putting in place modern and visionary tax related IT systems for e-integration of sales tax, federal excis
Published 10 Jul, 2011 12:00am
Remittances cross $11 billion mark for the first time

Remittances cross $11 billion mark for the first time

The remittances sent home by overseas Pakistani workers crossed the $11 billion mark for the first time in the country's history during the last fiscal year (2010-11). They remitted a record amount of $11,200.97 million during last fiscal year that ended
Published 10 Jul, 2011 12:00am
Remittances cross $11 billion mark for the first time

Remittances cross $11 billion mark for the first time

The remittances sent home by overseas Pakistani workers crossed the $11 billion mark for the first time in the country's history during the last fiscal year (2010-11). They remitted a record amount of $11,200.97 million during last fiscal year that ended
Published 10 Jul, 2011 12:00am
Remittances cross $11 billion mark for the first time

Remittances cross $11 billion mark for the first time

The remittances sent home by overseas Pakistani workers crossed the $11 billion mark for the first time in the country''s history during the last fiscal year (2010-11). They remitted a record amount of $11,200.97 million during last fiscal year that ended
Published 10 Jul, 2011 12:00am
FBR chart confirms Rs 1590 billion collection

FBR chart confirms Rs 1590 billion collection

The Federal Board of Revenue (FBR) has released official chart of the provisional revenue collection here on Saturday, confirming the record collection of Rs 1590 billion during 2010-11 against the target of Rs 1588 billion, reflecting an increase of over
Published 10 Jul, 2011 12:00am
FBR chart confirms Rs 1590 billion collection

FBR chart confirms Rs 1590 billion collection

The Federal Board of Revenue (FBR) has released official chart of the provisional revenue collection here on Saturday, confirming the record collection of Rs 1590 billion during 2010-11 against the target of Rs 1588 billion, reflecting an increase of over
Published 10 Jul, 2011 12:00am
FBR chart confirms Rs 1590 billion collection

FBR chart confirms Rs 1590 billion collection

The Federal Board of Revenue (FBR) has released official chart of the provisional revenue collection here on Saturday, confirming the record collection of Rs 1590 billion during 2010-11 against the target of Rs 1588 billion, reflecting an increase of over
Published 10 Jul, 2011 12:00am
Army may be called out if need be: Nawaz

Army may be called out if need be: Nawaz

Nawaz Sharif has expressed grave concern over situation in Karachi and said that if the situation demands calling of army for maintenance of law & order there, the army should perform duty under the control of an elected government. He said this while tal
Published 10 Jul, 2011 12:00am
Army may be called out if need be: Nawaz

Army may be called out if need be: Nawaz

Nawaz Sharif has expressed grave concern over situation in Karachi and said that if the situation demands calling of army for maintenance of law & order there, the army should perform duty under the control of an elected government. He said this while tal
Published 10 Jul, 2011 12:00am
Rangers gain control over troubled spots

Rangers gain control over troubled spots

Rangers regained control Saturday over trouble spots, here on Saturday, where five days of political and ethnic violence killed at least 93 people and forced many to stay at home in fear, an official said. The latest spell of violence is extraordinary eve
Published 10 Jul, 2011 12:00am
Rangers gain control over troubled spots

Rangers gain control over troubled spots

Rangers regained control Saturday over trouble spots, here on Saturday, where five days of political and ethnic violence killed at least 93 people and forced many to stay at home in fear, an official said. The latest spell of violence is extraordinary eve
Published 10 Jul, 2011 12:00am
PML-F joins Sindh government

PML-F joins Sindh government

Pakistan Muslim League-Functional (PML-F) decided on Saturday to join treasury benches in the Sindh Assembly. Sindh Chief Minister Qaim Ali Shah welcomed the PML-F's decisions and thanked party Chief Pir Pagara, a private TV news channel reported. Earlier
Published 10 Jul, 2011 12:00am
PML-F joins Sindh government

PML-F joins Sindh government

Pakistan Muslim League-Functional (PML-F) decided on Saturday to join treasury benches in the Sindh Assembly. Sindh Chief Minister Qaim Ali Shah welcomed the PML-F's decisions and thanked party Chief Pir Pagara, a private TV news channel reported. Earlier
Published 10 Jul, 2011 12:00am
Chinese key businessman accepts Chairmanship of KASB Bank

Chinese key businessman accepts Chairmanship of KASB Bank

A prominent businessman of China will become Chairman of KASB Bank Ltd, after approval from State Bank of Pakistan, and he has promised for more investment in various sectors of economy. This was stated here on Saturday by the Executive Vice-President, Na
Published 10 Jul, 2011 12:00am
Chinese key businessman accepts Chairmanship of KASB Bank

Chinese key businessman accepts Chairmanship of KASB Bank

A prominent businessman of China will become Chairman of KASB Bank Ltd, after approval from State Bank of Pakistan, and he has promised for more investment in various sectors of economy. This was stated here on Saturday by the Executive Vice-President, Na
Published 10 Jul, 2011 12:00am
Chinese key businessman accepts Chairmanship of KASB Bank

Chinese key businessman accepts Chairmanship of KASB Bank

A prominent businessman of China will become Chairman of KASB Bank Ltd, after approval from State Bank of Pakistan, and he has promised for more investment in various sectors of economy. This was stated here on Saturday by the Executive Vice-President, Na
Published 10 Jul, 2011 12:00am
Tribunal report on Kharotabad incident endorses FC's stance

Tribunal report on Kharotabad incident endorses FC's stance

The recommendations of the tribunal report would be implemented in letter and spirit. Report has suggested that all five foreigners who were killed by the security forces were terrorists. In a handout issued here on Saturday, the spokesman of Frontier Cor
Published 10 Jul, 2011 12:00am
Tribunal report on Kharotabad incident endorses FC's stance

Tribunal report on Kharotabad incident endorses FC's stance

The recommendations of the tribunal report would be implemented in letter and spirit. Report has suggested that all five foreigners who were killed by the security forces were terrorists. In a handout issued here on Saturday, the spokesman of Frontier Cor
Published 10 Jul, 2011 12:00am
Mullen must produce evidence: Prime Minister

Mullen must produce evidence: Prime Minister

Prime Minister Yusuf Raza Gilani meeting a delegation of Lahore Press Club led by its President Sarmad Bashir on Saturday said, "if the government was removed in a constitutional way, they would sit in opposition and serve the nation and the country."
Published 10 Jul, 2011 12:00am
Mullen must produce evidence: Prime Minister

Mullen must produce evidence: Prime Minister

Prime Minister Yusuf Raza Gilani meeting a delegation of Lahore Press Club led by its President Sarmad Bashir on Saturday said, "if the government was removed in a constitutional way, they would sit in opposition and serve the nation and the country."
Published 10 Jul, 2011 12:00am
Zulfiqar Mirza to be senior minister

Zulfiqar Mirza to be senior minister

Dr Zulfiqar Mirza and Pir Mazhar ul Haq will work as the senior ministers in the Sindh cabinet. This was announced in an official statement issued here on Saturday. The press spokesman of the Sindh Chief Minister has denied reports aired by some of the el
Published 10 Jul, 2011 12:00am
Zulfiqar Mirza to be senior minister

Zulfiqar Mirza to be senior minister

Dr Zulfiqar Mirza and Pir Mazhar ul Haq will work as the senior ministers in the Sindh cabinet. This was announced in an official statement issued here on Saturday. The press spokesman of the Sindh Chief Minister has denied reports aired by some of the el
Published 10 Jul, 2011 12:00am
IMF approves 3.2 billion euro loan tranche for Greece

IMF approves 3.2 billion euro loan tranche for Greece

The International Monetary Fund's executive board on Friday approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month and return to positive economic growth in 2012. In announcing the payment, part of a 110 billion euro IM
Published 10 Jul, 2011 12:00am
IMF approves 3.2 billion euro loan tranche for Greece

IMF approves 3.2 billion euro loan tranche for Greece

The International Monetary Fund's executive board on Friday approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month and return to positive economic growth in 2012. In announcing the payment, part of a 110 billion euro IM
Published 10 Jul, 2011 12:00am
IMF approves 3.2 billion euro loan tranche for Greece

IMF approves 3.2 billion euro loan tranche for Greece

The International Monetary Fund''s executive board on Friday approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month and return to positive economic growth in 2012. In announcing the payment, part of a 110 billion euro I
Published 10 Jul, 2011 12:00am
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