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Archive - 2011-08-15
Soneri Bank reports profits
Top News

Soneri Bank reports profits

KARACHI : Soneri Bank Ltd has posted a higher profit after tax of Rs474.298 million for the half year ending June 30, 2
Published 15 Aug, 2011 03:52pm
LSE sheds 23.66 points
Markets

LSE sheds 23.66 points

LAHORE : Lahore Stock Exchange shed by 23.66 points on Monday as LSE-25 index opened with 2833.80 and closed at 2810.1
Published 15 Aug, 2011 03:08pm
UN envoy arrives in Tunisia
Africa

UN envoy arrives in Tunisia

TUNIS : A UN special envoy trying to find a way to end the conflict in Libya has arrived in neighbouring Tunisia for
Published 15 Aug, 2011 03:05pm
Obama's approval rating hits record low
Top News

Obama's approval rating hits record low

WASHINGTON : US President Barack Obama's job approval rating has sunk below 40 percent for the first time, according to
Published 15 Aug, 2011 01:39pm
BP's diesel pipeline damage
Energy

BP's diesel pipeline damage

MOSCOW : A diesel pipeline with an annual capacity of 2 million tonnes per year linked to Russian oil firm TNK-BP's Rya
Published 15 Aug, 2011 01:36pm
Euro zone meeting flat European shares
Top News

Euro zone meeting flat European shares

LONDON : European equities paused on Monday after a rollercoaster week, ahead of a key meeting of French and German
Published 15 Aug, 2011 08:20am
Global stock markets firmer, euro up
Top News

Global stock markets firmer, euro up

PARIS : Global stock markets were firmer in cautious trade Monday, steadying after the upheaval of last week on fears US
Published 15 Aug, 2011 08:20am
More than 100 villages flooded in Badin
Top News

More than 100 villages flooded in Badin

ISLAMABAD : Breach developed in the biggest saline nullah of Asia, LBOD, has widened to 200 feet and inundated more than
Published 15 Aug, 2011 06:59am
Twin central Iraq blasts kill 33
Top News

Twin central Iraq blasts kill 33

KUT: A car bomb and a roadside blast in the central Iraqi city of Kut killed at least 33 people and wounded 52 others, a
Published 15 Aug, 2011 06:22am
China coal mine blast kills 10: Official
Top News

China coal mine blast kills 10: Official

BEIJING: Ten people were killed by an explosion in a coal mine in southwest China, a local official said Monday, in th
Published 15 Aug, 2011 05:58am
Oil higher in Asian trade
Energy

Oil higher in Asian trade

SINGAPORE : Oil prices were higher in Asian trade Monday, lifted by buoyancy in regional stock markets but analysts said
Published 15 Aug, 2011 04:28am
OGDC: still not a buy
BR Research

OGDC: still not a buy

Ever since the interim financial results announcement of 10MFY11 in compliance to the firms exchangeable bonds offering, OGDCs share price h
Published 15 Aug, 2011 12:00am
Cars everywhere!
BR Research

Cars everywhere!

The recent auto numbers shared by PAMA lend credence to the assertion that no matter what direction Pakistans social indicators take, consum
Published 15 Aug, 2011 12:00am
Heart failure linked to memory problems

Heart failure linked to memory problems

Older patients with heart failure had more memory problems when their heart ailments were advanced, in a new study of adults being evaluated for transplants. But that wasn't the case in young and middle-aged adults with a type of heart failure marked by a
Published 15 Aug, 2011 12:00am
No link between MS, narrow blood vessels

No link between MS, narrow blood vessels

A new study provides more evidence that multiple sclerosis (MS) is not caused by a blood vessel condition, as some research has suggested. The new findings follow a study last month in which Dr Ellen Marder from the Dallas Veterans Affairs Medical Center
Published 15 Aug, 2011 12:00am
Red meat boosts diabetes risk

Red meat boosts diabetes risk

Two slices of bacon, a hot dog or a serving of deli meat daily has been found to significantly boost the risk of getting type 2 diabetes, said a major US study published on August 10. The research by experts at the Harvard School of Public Health represen
Published 15 Aug, 2011 12:00am
Asia's giants highly exposed to natural disasters: survey

Asia's giants highly exposed to natural disasters: survey

The United States and Japan have the highest bills to pay from natural disasters, but Asia's emerging giants - China, India and Indonesia - are proportionately at greater risk from them, a survey said on August 11.
Published 15 Aug, 2011 12:00am
Scientists shine new light on methane mystery

Scientists shine new light on methane mystery

Atmospheric levels of methane, 20 times more powerful than carbon dioxide (CO2) at trapping heat, stayed steady for two decades to 2006 on wider fertiliser use to grow rice or a surge in natural gas demand, according to two separate studies in the journal
Published 15 Aug, 2011 12:00am
Women smokers have more heart risk than men

Women smokers have more heart risk than men

Women who smoke cigarettes are more likely to develop heart disease than men, says new research released on August 11. After reviewing data on 2.4 million people and 44,000 cardiac events, the article's authors found female smokers have a 25 percent great
Published 15 Aug, 2011 12:00am
New ovarian cancer gene discovered

New ovarian cancer gene discovered

Women who carry a faulty copy of a gene called RAD51D have an almost one in 11 chance of developing ovarian cancer, scientists said in a finding they called the most significant ovarian cancer gene discovery for more than 10 years.
Published 15 Aug, 2011 12:00am
Scientists to track acidification in Arctic Ocean

Scientists to track acidification in Arctic Ocean

Scientists from the US Geological Survey will embark this week on an expedition to monitor acidification trends in the Arctic Ocean linked to carbon emissions, the agency said. The USGS scientists will spend seven weeks on a Coast Guard icebreaker, gettin
Published 15 Aug, 2011 12:00am
Egypt's EFG-Hermes second quarter net profit falls

Egypt's EFG-Hermes second quarter net profit falls

EFG-Hermes, Egypt's biggest investment bank, said on Sunday its net profit for the second quarter of 2011 fell 19 percent year on year as operating costs outstripped revenue growth.
Published 15 Aug, 2011 12:00am
Nigeria earns $1.6 billion from privatisation

Nigeria earns $1.6 billion from privatisation

Nigeria has earned 249.5 billion naira ($1.6 billion, 1.1 billion euros) from the privatisation of state-run agencies since the nation returned to democracy in 1999, new official figures show. "The gross proceeds from the direct sale of public enterprises
Published 15 Aug, 2011 12:00am
Credit Agricole to close Bahrain office

Credit Agricole to close Bahrain office

French bank Credit Agricole is to close its office in Bahrain and move its staff to Dubai, International Financing Review (IFR) said on Sunday, in a blow to the Gulf kingdom's status as a regional banking hub following widespread unrest.
Published 15 Aug, 2011 12:00am
China Bright Food to buy Manassen

China Bright Food to buy Manassen

China's state-owned Bright Food Group has agreed to buy Australian branded food business Manassen Foods, giving it an enterprise value (EV) of over A$500 million ($516 million), a person with direct knowledge of the matter told Reuters on Sunday.
Published 15 Aug, 2011 12:00am
US checks S&P's math after downgrade

US checks S&P's math after downgrade

The US Securities and Exchange Commission has launched a probe into the process by which Standard & Poor's downgraded the US credit rating, the Wall Street Journal reported Saturday. US officials lashed out at S&P after it docked the country's credit rati
Published 15 Aug, 2011 12:00am
US checks S&P's math after downgrade

US checks S&P's math after downgrade

The US Securities and Exchange Commission has launched a probe into the process by which Standard & Poor's downgraded the US credit rating, the Wall Street Journal reported Saturday. US officials lashed out at S&P after it docked the country's credit rati
Published 15 Aug, 2011 12:00am
Bangladesh Islamic banks seek sharia market

Bangladesh Islamic banks seek sharia market

The Islamic banks in Bangladesh are seeking a Shariah-compliant money market and separate laws to govern the fast expanding Islamic banking in the Muslim-majority country.
Published 15 Aug, 2011 12:00am
France eyes cutting deficit by 10 billion euros in 2012

France eyes cutting deficit by 10 billion euros in 2012

France's centre-right government aims to cut its budget deficit by some 10 billion euros in 2012 while avoiding painful cuts to public spending or broad tax hikes, French paper Le Journal du Dimanche reported on Sunday.
Published 15 Aug, 2011 12:00am
German government no longer rules out euro bonds

German government no longer rules out euro bonds

The German government no longer rules out agreeing to the issuance of eurozone bonds as a measure of last resort to save the single currency, conservative newspaper Welt am Sonntag reported on Sunday.
Published 15 Aug, 2011 12:00am
German government no longer rules out euro bonds

German government no longer rules out euro bonds

The German government no longer rules out agreeing to the issuance of eurozone bonds as a measure of last resort to save the single currency, conservative newspaper Welt am Sonntag reported on Sunday.
Published 15 Aug, 2011 12:00am
Majority of Dutch want Greece out of eurozone

Majority of Dutch want Greece out of eurozone

A majority of Dutch voters, or 54 percent, want Greece and other peripheral countries thrown out of the euro rather than rescued, according to a poll taken ahead of parliamentary debates on eurozone bailout measures.
Published 15 Aug, 2011 12:00am
Italy's main trade union calls general strike

Italy's main trade union calls general strike

Italy's biggest trade union, the CGIL, on Sunday called for a general strike against the government's new austerity plans. Union chief Susanna Camusso, speaking in the daily La Repubblica newspaper, said the CGIL (Italian General Confederation of Labour)
Published 15 Aug, 2011 12:00am
Tax fraud tip-offs surge in Greece

Tax fraud tip-offs surge in Greece

Tax fraud tip-offs increased fourfold in crisis-hit Greece last year, the Kathimerini daily reported Sunday. According to the newspaper, Greece's financial crimes squad received 18,500 reports in 2010, up from 4,500 the previous year.
Published 15 Aug, 2011 12:00am
China says will shut plant as thousands protest

China says will shut plant as thousands protest

Authorities in north-eastern China ordered a petrochemical plant to be shut down immediately on Sunday after thousands of people demonstrated, demanding the relocation of the factory at the centre of a toxic spill scare, state media said.
Published 15 Aug, 2011 12:00am
Corruption is 'a cancer' in India: president

Corruption is 'a cancer' in India: president

India's president said Sunday that corruption was "a cancer" affecting all aspects of life in the country, as the government prepares to pass contentious new anti-graft laws. Corruption has become a key political issue in rapidly-developing India after a
Published 15 Aug, 2011 12:00am
Vietnam lifts eight-year ban on Canadian cattle

Vietnam lifts eight-year ban on Canadian cattle

Vietnam has lifted its eight-year-old ban on Canadian live breeding cattle, sheep and goats, becoming the first Asian country to do so since a 2003 discovery of mad cow disease, Canada's trade and agriculture ministers said on Sunday.
Published 15 Aug, 2011 12:00am
Iran sees return to normal oil exports to India in August

Iran sees return to normal oil exports to India in August

Iran hopes oil deliveries to India will return to a normal level now a long-running payment problem has been resolved, the head of international affairs at the National Iranian Oil Co. said in an interview published on Sunday.
Published 15 Aug, 2011 12:00am
Dubai's Emaar apartment sales income slumps 85 percent

Dubai's Emaar apartment sales income slumps 85 percent

Emaar Properties, Dubai's largest developer by market value, saw an 85 percent fall in its income from apartment sales during the second quarter, as demand for real estate continues to fall in the emirate.
Published 15 Aug, 2011 12:00am
Dubai's Emaar apartment sales income slumps 85 percent

Dubai's Emaar apartment sales income slumps 85 percent

Emaar Properties, Dubai's largest developer by market value, saw an 85 percent fall in its income from apartment sales during the second quarter, as demand for real estate continues to fall in the emirate.
Published 15 Aug, 2011 12:00am
United snatch late win, Chelsea held

United snatch late win, Chelsea held

Manchester United started their defence of the Premier League title with a hard-fought 2-1 win over West Brom on Sunday, while new Chelsea boss Andre Villas-Boas was forced to settle for a 0-0 draw at Stoke in his first match.
Published 15 Aug, 2011 12:00am
Tsonga's injury sends Djokovic to final

Tsonga's injury sends Djokovic to final

Top seed Novak Djokovic broke the spirit of Jo-Wilfried Tsonga with a 6-4, 3-0 victory at the ATP Montreal Masters on Saturday night as the Frenchman quit after 59 minutes with a sore right arm. Djokovic, one step closer to lifting his ninth title in 2011
Published 15 Aug, 2011 12:00am
Aussie Stosur, Williams reach Toronto final

Aussie Stosur, Williams reach Toronto final

American Serena Williams easily beat Victoria Azarenka in straight sets Saturday 6-3, 6-3 to set up a WTA hardcourt tournament final with Australia's Samantha Stosur. Williams needed just 77 minutes to eliminate the fourth seeded Azarenka of Belarus while
Published 15 Aug, 2011 12:00am
Former players mourn India's dethroned cricket kings

Former players mourn India's dethroned cricket kings

"RIP. World's No.1 test team" screamed the Times of India's front page headline on Sunday as former players joined angry media in blaming selectors for India's limp series loss to England. "India gift crown on a platter," the sports page of the same newsp
Published 15 Aug, 2011 12:00am
Squash legend Jansher recovering

Squash legend Jansher recovering

Squash legend Jansher Khan Sunday dispelled the impression of being hit by any mysterious disease as was described in the print and electronic media. Talking to media men during the prize distribution ceremony squash wizard Jansher Khan said that he is il
Published 15 Aug, 2011 12:00am
Being No 1 just the start for England: Cook

Being No 1 just the start for England: Cook

Alastair Cook said England were at the start of a journey, rather than the end of it, after becoming the world's number one Test side. England deposed India at the top of the International Cricket Council (ICC) Test Championship table with an utterly comm
Published 15 Aug, 2011 12:00am
England can dominate for years, say Warne and Vaughan

England can dominate for years, say Warne and Vaughan

England can dominate the longer form of the game for many years to come after humiliating India to become the top-ranked test nation, a slew of former leading players have said. Andrew Strauss's side won the third test at Edgbaston by an innings and 242 r
Published 15 Aug, 2011 12:00am
Ponting powers Australia to victory

Ponting powers Australia to victory

Ricky Ponting cracked an impressive 90 not out to steer Australia to an easy eight-wicket victory over Sri Lanka in the second one-day international on Sunday. Ponting hit one six and eight fours in his 106-ball knock and skipper Michael Clarke made an un
Published 15 Aug, 2011 12:00am
Zimbabwe crush struggling Bangladesh

Zimbabwe crush struggling Bangladesh

Rampant Zimbabwe defeated hapless Bangladesh by seven wickets on Sunday to win the second one-day international with Brian Vitori taking five wickets and Vusi Sibanda and Tatenda Taibu both hitting half-centuries.
Published 15 Aug, 2011 12:00am
Dunga brings in lawyers to recover QPR loan

Dunga brings in lawyers to recover QPR loan

Former Brazil manager Dunga is ready to take legal action against QPR if the Premier League club fail to repay a £750,000 loan he claims he made in 2006. Dunga, who captained Brazil when they won the World Cup in 1994, reportedly invested in QPR when the
Published 15 Aug, 2011 12:00am
Nato oil tanker gutted

Nato oil tanker gutted

An Afghanistan bound Nato oil container was gutted when it caught fire due to an explosion at Pak-Afghan border at Torkham during wee hours of Sunday. The tanker was parked in the parking area when fire erupted in it after an explosion.
Published 15 Aug, 2011 12:00am
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