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Archive - 2011-09-05
US applauds capture of Al-Qaeda plotter
Top News

US applauds capture of Al-Qaeda plotter

WASHINGTON : The White House hailed Monday on the capture of a senior Al-Qaeda leader Younis al-Mauritani believed to ha
Published 05 Sep, 2011 05:18pm
Germany denies to buy EADS stake
Europe

Germany denies to buy EADS stake

BERLIN : Germany denied a report it was preparing to take a stake in EADS after failing to find a domestic private inv
Published 05 Sep, 2011 05:07pm
ISE witnesses bullish trend
Markets

ISE witnesses bullish trend

ISLAMABAD : Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index closed at 2412.60 wi
Published 05 Sep, 2011 02:33pm
Floods in Sindh kill 90 in a week
Top News

Floods in Sindh kill 90 in a week

KARACHI : Heavy monsoon rains in Sindh have killed at least 90 people in a week and damaged thousands of acres of crops,
Published 05 Sep, 2011 11:34am
Five killed, seven injured in Godhra
Top News

Five killed, seven injured in Godhra

KHARACHI: Rangers ended operation with various arrests in Godhra which was started after clashes and firing incidents be
Published 05 Sep, 2011 05:45am
Crude falls in Asia
Energy

Crude falls in Asia

SINGAPORE : Crude fell in Asian trade Monday as concerns over the US and Chinese economy put a damper on prices, analyst
Published 05 Sep, 2011 04:36am
Top five banks on easy street
BR Research

Top five banks on easy street

Banking on a large branch network, renowned brand and a pool of low-cost deposit accounts, each of five biggest banks of the country; namely
Published 05 Sep, 2011 12:00am
Women on top mean business
BR Research

Women on top mean business

Forbes magazines 2011 rankings of 100 most Powerful Women manifests the brewing change in the global political economy. Although, the Power
Published 05 Sep, 2011 12:00am
Strauss-Kahn back in France after sex scandal

Strauss-Kahn back in France after sex scandal

Dominique Strauss-Kahn returned to Paris Sunday for the first time since a New York hotel maid accused him of attempted rape in a sensational sex scandal that torpedoed his shot at the French presidency. The former IMF chief and his journalist wife Anne S
Published 05 Sep, 2011 12:00am
Strauss-Kahn back in France after sex scandal

Strauss-Kahn back in France after sex scandal

Dominique Strauss-Kahn returned to Paris Sunday for the first time since a New York hotel maid accused him of attempted rape in a sensational sex scandal that torpedoed his shot at the French presidency. The former IMF chief and his journalist wife Anne S
Published 05 Sep, 2011 12:00am
UAE election campaign begins

UAE election campaign begins

Candidates in the United Arab Emirates began campaigning on Sunday for the second-ever elections to choose half the members of the purely consultative Federal National Council. A total of 468 candidates, including 85 women, are running in the polls on Sep
Published 05 Sep, 2011 12:00am
UAE election campaign begins

UAE election campaign begins

Candidates in the United Arab Emirates began campaigning on Sunday for the second-ever elections to choose half the members of the purely consultative Federal National Council. A total of 468 candidates, including 85 women, are running in the polls on Sep
Published 05 Sep, 2011 12:00am
Hungarians detained in new trafficking case in Austria

Hungarians detained in new trafficking case in Austria

Two Hungarian men were placed in custody Sunday after trying to smuggle 32 Afghan and Pakistani refugees into Austria, the sixth such case of trafficking in just two weeks, local police said. The two men, aged 37 and 45, were arrested early Saturday after
Published 05 Sep, 2011 12:00am
Hungarians detained in new trafficking case in Austria

Hungarians detained in new trafficking case in Austria

Two Hungarian men were placed in custody Sunday after trying to smuggle 32 Afghan and Pakistani refugees into Austria, the sixth such case of trafficking in just two weeks, local police said. The two men, aged 37 and 45, were arrested early Saturday after
Published 05 Sep, 2011 12:00am
New financial crisis looms, but can be avoided: IMF chief

New financial crisis looms, but can be avoided: IMF chief

Another financial crisis threatens the world economy, International Monetary Fund Director Christina Lagarde told a German weekly in comments published Sunday, but it can be avoided if world governments co-ordinate their actions.
Published 05 Sep, 2011 12:00am
New financial crisis looms, but can be avoided: IMF chief

New financial crisis looms, but can be avoided: IMF chief

Another financial crisis threatens the world economy, International Monetary Fund Director Christina Lagarde told a German weekly in comments published Sunday, but it can be avoided if world governments co-ordinate their actions.
Published 05 Sep, 2011 12:00am
New financial crisis looms, but can be avoided: IMF chief

New financial crisis looms, but can be avoided: IMF chief

Another financial crisis threatens the world economy, International Monetary Fund Director Christina Lagarde told a German weekly in comments published Sunday, but it can be avoided if world governments co-ordinate their actions.
Published 05 Sep, 2011 12:00am
China bought back a lot of BofA assets

China bought back a lot of BofA assets

A consortium that included the Chinese government was the biggest buyer of a 5 percent stake in China Construction Bank Corp sold last month by Bank of America, the Financial Times reported on Sunday.
Published 05 Sep, 2011 12:00am
China bought back a lot of BofA assets

China bought back a lot of BofA assets

A consortium that included the Chinese government was the biggest buyer of a 5 percent stake in China Construction Bank Corp sold last month by Bank of America, the Financial Times reported on Sunday.
Published 05 Sep, 2011 12:00am
China bought back a lot of BofA assets

China bought back a lot of BofA assets

A consortium that included the Chinese government was the biggest buyer of a 5 percent stake in China Construction Bank Corp sold last month by Bank of America, the Financial Times reported on Sunday.
Published 05 Sep, 2011 12:00am
China bought back a lot of BofA assets

China bought back a lot of BofA assets

A consortium that included the Chinese government was the biggest buyer of a 5 percent stake in China Construction Bank Corp sold last month by Bank of America, the Financial Times reported on Sunday.
Published 05 Sep, 2011 12:00am
Traders fear extortionists will re-emerge

Traders fear extortionists will re-emerge

Despite the government's clampdown on terrorists, traders believe that the move would yield no significant results to stem the long-standing unrest and protect the instable and frightened businessmen in the city. Talking to Business Recorder, they said th
Published 05 Sep, 2011 12:00am
Traders fear extortionists will re-emerge

Traders fear extortionists will re-emerge

Despite the government's clampdown on terrorists, traders believe that the move would yield no significant results to stem the long-standing unrest and protect the instable and frightened businessmen in the city. Talking to Business Recorder, they said th
Published 05 Sep, 2011 12:00am
Traders fear extortionists will re-emerge

Traders fear extortionists will re-emerge

Despite the government''s clampdown on terrorists, traders believe that the move would yield no significant results to stem the long-standing unrest and protect the instable and frightened businessmen in the city. Talking to Business Recorder, they said t
Published 05 Sep, 2011 12:00am
Toxic liquor claims five lives

Toxic liquor claims five lives

Five villagers died and five others fell unconscious as they consumed toxic liquor in the city outskirts on Sunday. According to police reports, some villagers had thrown a party to celebrate Eid at residence of former Naib nazim Union Council Ghulam Hyde
Published 05 Sep, 2011 12:00am
Three fall prey to targeted killings in Karachi

Three fall prey to targeted killings in Karachi

At least three persons including an activist of Muttahida Qaumi Movement (MQM) were gunned down in separate incidents in different areas of the metropolis here on Sunday. According to police, an activist of MQM was targeted in Lines Area in the limits of
Published 05 Sep, 2011 12:00am
Transporters demand equal cost for LPG, CNG

Transporters demand equal cost for LPG, CNG

The Karachi Transport Action Committee (KTAC) has urged the concerned officials to make equivalent the costs of liquid petroleum gas (LPG) and compressed natural gas (CNG).
Published 05 Sep, 2011 12:00am
12 suspects including four target killers arrested

12 suspects including four target killers arrested

Law Enforcement Agencies (LEAs) on Sunday claimed to have arrested some 12 suspects including four alleged target killers in separate raids in different areas of the metropolis. According to official sources, the Special Investigation Unit (SIU) arrested
Published 05 Sep, 2011 12:00am
Three women lose lives

Three women lose lives

Three women died in separate incidents of suicide and killing in district Swabi, police said here on Sunday. Fazal s/o Diyan told police that his son Fayyaz has allegedly killed his cousin and her 18 years old daughter over a domestic issue. The incident
Published 05 Sep, 2011 12:00am
DRR week to be marked from October 8

DRR week to be marked from October 8

The National Disaster Management Authority (NDMA) will organise a Disaster Risk Reduction (DRR) week from October 8 to 13. The week will coincide with International DRR day being observed on October 13 with the theme of Invest today for a safer tomorrow.
Published 05 Sep, 2011 12:00am
Met department forecast more rains

Met department forecast more rains

The Meteorological Department has forecast rains with thunderstorm in Karachi and elsewhere in the province on Monday. According to its daily forecast issued here on Sunday, the rains are likely in Karachi, Hyderabad, Mirpurkhas, Sukkur and Larkana region
Published 05 Sep, 2011 12:00am
PEW suggests code of conduct for wireless marketing

PEW suggests code of conduct for wireless marketing

The Pakistan Economy Watch (PEW) on Sunday underlined the need for introducing ethics for wireless marketing. Mobile marketing is a powerful marketing tool which promises vast opportunities as it helps individuals and companies to establish direct communi
Published 05 Sep, 2011 12:00am
Modernity making inroads into Kalasah culture

Modernity making inroads into Kalasah culture

Away from the fevers and frets of life, a strange conglomerate of about 4,000 people dotting the picturesque countryside of Chitral valley, continues discreetly to battle with the temptations of modern life which apparently are impacting the Kalasha cultu
Published 05 Sep, 2011 12:00am
Police to take action against kite sellers

Police to take action against kite sellers

Superintend-dent of Police (SP) Rawal Town Malik Matloob Awan said on Sunday that police are going to take action against the kite sellers. Talking to APP here he said that kite selling will not be allowed and action will be taken against those who were f
Published 05 Sep, 2011 12:00am
'September good for sugar cane sowing'

'September good for sugar cane sowing'

The Punjab Agriculture Department informed the sugar cane growers on Sunday that for good production, farmers must choose heavy loam soil. First farmers should plough land deeply then use plank and after that make 10-12 inches deep linings at a distance o
Published 05 Sep, 2011 12:00am
YDA demands security at hospitals

YDA demands security at hospitals

The Young Doctors Association (YDA) has demanded the Punjab government to provide security to the doctors at all teaching hospitals of the provincial capital.
Published 05 Sep, 2011 12:00am
Concerns expressed over JKPFL leader's arrest

Concerns expressed over JKPFL leader's arrest

Chairman Jammu and Kashmir People's Freedom League (JKPFL), Muhammad Farooq Rehmani has expressed grave concern over the fate of his party's Chief Organiser, Muhammad Altaf Khan. Altaf was arrested from his home in Bandipora by Rashtriya Rifles of Indian
Published 05 Sep, 2011 12:00am
Flood victims: officials warned of action against complacency

Flood victims: officials warned of action against complacency

Senior Minister of Sindh, Pir Mazhar-ul-Haq has warned officials that no complacency or negligence would be tolerated in the ongoing relief for flood victims. Talking to journalists prior to his departure for Dadu, on Sunday, he said different districts o
Published 05 Sep, 2011 12:00am
Commodities prices change nominally

Commodities prices change nominally

Business on the domestic commodities market was limited to two days ahead of the unusual prolonged holidays. Nominal business was seen on Monday owing to sellers and buyers both in holiday mood. However, on the seed side cottonseed oilcake with bag Sindh
Published 05 Sep, 2011 12:00am
Malik announces to set up complaint cell in Abad Office

Malik announces to set up complaint cell in Abad Office

Federal Interior Minister, A. Rehman Malik, on Sunday announced that a complaint cell would be set up in the office of Association of Builders And Developers of Pakistan (Abad), for redressal of the problems being confronted by the builders.
Published 05 Sep, 2011 12:00am
14,000-acre of state land grabbed: Malik

14,000-acre of state land grabbed: Malik

Interior Minister Rehman Malik has disclosed that 14, 000 acres of state land is under illegal occupation. Interacting with journalists at State Guest House Sunday, Malik said a strategy has been put in place to initiate action against land grabbers.
Published 05 Sep, 2011 12:00am
Meeting reviews measures to arm police force

Meeting reviews measures to arm police force

A high level meeting of Sindh Home Department on Sunday extensively reviewed requirements and procurement for police force under the rupees five billion package announced by President Asif Ali Zardari.
Published 05 Sep, 2011 12:00am
Torrential rains cause heavy damage to cotton crop

Torrential rains cause heavy damage to cotton crop

The last week (ended on 3rd.September 11) spell of heavy rains with gusty winds lashed almost all cotton areas in Sindh and Punjab provinces throughout the week. Field reports indicate that the severity of rains in Sindh was more than that of Punjab. As c
Published 05 Sep, 2011 12:00am
Torrential rains cause heavy damage to cotton crop

Torrential rains cause heavy damage to cotton crop

The last week (ended on 3rd.September 11) spell of heavy rains with gusty winds lashed almost all cotton areas in Sindh and Punjab provinces throughout the week. Field reports indicate that the severity of rains in Sindh was more than that of Punjab. As c
Published 05 Sep, 2011 12:00am
95 percent of political parties' flags removed in Karachi: Malik

95 percent of political parties' flags removed in Karachi: Malik

Interior Minister Rehman Malik on Sunday said that almost 95 percent of the flags of political parties have been removed from streets and other spots in different parts of Karachi and the remaining ones would also be removed. The Interior Minister was tal
Published 05 Sep, 2011 12:00am
Nine teaching hospitals: police failed to provide security: YDA

Nine teaching hospitals: police failed to provide security: YDA

Young doctors association (YDA) Pakistan office-bearers have alleged that police have failed to provide security to the nine teaching hospitals in the city despite clear directions from the Inspector General Punjab Police. As 16000 police constables out o
Published 05 Sep, 2011 12:00am
Vaccination, training of Hajj pilgrims from today

Vaccination, training of Hajj pilgrims from today

Director Hajj Department, Saeed Ahmad Malik said on Sunday that the vaccination and training of Hajj pilgrims would start from September 5 in Punjab under the government scheme.
Published 05 Sep, 2011 12:00am
Prices of fruits, vegetables on the rise after Eid

Prices of fruits, vegetables on the rise after Eid

The prices of fruits and vegetables have increased considerably after Eid-ul-Fitr in Multan, creating further problems for citizens already experiencing inflation. The price of cabbages, onions, potatoes, tomatoes, ginger and other vegetables have gone up
Published 05 Sep, 2011 12:00am
Two militants die in Swat clash

Two militants die in Swat clash

As many as two militants were killed in a clash with security forces here on Sunday. Acting on a tip off about the presence of militants in mountains of Baish Banter, security forces launched search operation after cordoned off the hilly area. After an ex
Published 05 Sep, 2011 12:00am
Current year's mango export target achieved, says MGA chief

Current year's mango export target achieved, says MGA chief

Syed Zahid Hussain Gardezi, President of Mango Growers Association (MGA), has said, "we have achieved the goal of mango export this year and next year we would explore more markets for Pakistani mangoes,"while mango export season has come to an end, Pakis
Published 05 Sep, 2011 12:00am
Pakistan Defence Day to be observed with traditional zeal

Pakistan Defence Day to be observed with traditional zeal

Pakistan Defence Day would be observed with traditional zeal, enthusiasm and with national spirit on Tuesday (6th September) with a renewed pledge to sacrifice lives for upholding the prestige of Pakistan and defending the Motherland and to pay homage to
Published 05 Sep, 2011 12:00am
US tries to stall Palestinian statehood bid: New York Times

US tries to stall Palestinian statehood bid: New York Times

Washington has launched an effort to avoid a clash stemming from plans by Palestinians to seek recognition as a state at the United Nations, The New York Times reported on Saturday, citing senior US officials and foreign diplomats.
Published 05 Sep, 2011 12:00am
Afghan suicide attack on Nato convoy kills two

Afghan suicide attack on Nato convoy kills two

A suicide bomber killed two private security guards and wounded 21 others on Sunday in Afghanistan after attacking a convoy headed for Nato troops in the country.
Published 05 Sep, 2011 12:00am
17 killed in Syrian unrest

17 killed in Syrian unrest

Syrian security forces killed at least eight civilians on Sunday in raids on restive north-western towns, residents and activists said, while the authorities blamed armed gangs for a bus ambush that killed nine people.
Published 05 Sep, 2011 12:00am
Sudan bans main opposition party, makes sweeping arrests

Sudan bans main opposition party, makes sweeping arrests

Sudan has banned the main opposition party, closed its offices and made sweeping arrests across the country, its secretary general said on Sunday, as fighting continued in a key SPLM stronghold.
Published 05 Sep, 2011 12:00am
Iranian police arrest water pistol 'rebels'

Iranian police arrest water pistol 'rebels'

Iranian police have started cracking down on water fights springing up across the country with the arrests of several young men and women who took part in the latest organised water pistol battles.
Published 05 Sep, 2011 12:00am
Afghan Taliban free four Turkish engineers

Afghan Taliban free four Turkish engineers

Four Turkish engineers kidnapped by Afghanistan's Taliban more than eight months ago were freed overnight after intervention by tribal elders. The men, taken captive in December in eastern Paktia province, were handed to the International Committee of the
Published 05 Sep, 2011 12:00am
Typhoon kills 20 in Japan, over 50 missing

Typhoon kills 20 in Japan, over 50 missing

A typhoon that pummelled western Japan left at least 20 people dead and more than 50 missing, reports said Sunday, after swollen rivers swept away buildings and landslides crushed houses. One of the victims drowned after flood waters gushed into his car a
Published 05 Sep, 2011 12:00am
Nepal's Maoist Prime Minister swears in coalition cabinet

Nepal's Maoist Prime Minister swears in coalition cabinet

Nepal's new Maoist prime minister on Sunday swore in 13 ministers, including seven from outside his party, as he tried to form a stable coalition government after years of political crisis. The Maoists, who fought the central government in a bloody civil
Published 05 Sep, 2011 12:00am
Netanyahu says won't apologise to Turkey

Netanyahu says won't apologise to Turkey

Prime Minister Benjamin Netanyahu said on Sunday he would not apologise to Turkey over an Israeli raid that killed nine Turks on a ship bound for Gaza, reiterating his position after Ankara downgraded its relations with the Jewish state.
Published 05 Sep, 2011 12:00am
Schroeder calls for 'United States of Europe'

Schroeder calls for 'United States of Europe'

Former German chancellor Gerhard Schroeder on Sunday called for the creation of a "United States of Europe", saying the bloc needed a common government to avoid future economic crises. Schroeder, a Social Democrat who ran the country from 1998 to 2005, sa
Published 05 Sep, 2011 12:00am
Merkel's party beaten in state election

Merkel's party beaten in state election

Chancellor Angela Merkel's centre-right bloc suffered another defeat on Sunday in a regional election in Germany's poorest state, Mecklenburg-Vorpommern, with both her conservatives and their Free Democrat allies losing support.
Published 05 Sep, 2011 12:00am
11 killed in violence in troubled central Nigeria

11 killed in violence in troubled central Nigeria

An official and a witness say 11 people were killed in central Nigeria, a region beset by religious and ethnic fighting. Mark Lipdo, an organiser for a non-profit group called the Stefanos Foundation, says eight people in one family were killed overnight
Published 05 Sep, 2011 12:00am
Turkish warplanes bomb Kurdish militants in Iraq

Turkish warplanes bomb Kurdish militants in Iraq

Turkish war planes bombed Kurdish guerrilla positions in Iraq on Sunday, while in south-east Turkey insurgents killed two soldiers and two village militia members in separate weekend attacks. Fighters of the main Kurdish separatist militant group, the Kur
Published 05 Sep, 2011 12:00am
Australia ruling hits Pacific refugee plans

Australia ruling hits Pacific refugee plans

Australia said Sunday its plan to send asylum seekers for processing in the Pacific appeared untenable after a court ruled against a similar deal with Malaysia, deepening the prime minister's woes.
Published 05 Sep, 2011 12:00am
More global anxiety ups ante on SNB to cap franc

More global anxiety ups ante on SNB to cap franc

A flare-up of the eurozone debt crisis and faltering global growth are piling pressure on the Swiss National Bank to take further steps to try to stop the Swiss franc from heading back towards parity with the euro. After the SNB cut its interest rate targ
Published 05 Sep, 2011 12:00am
'Current yen rise won't last long'

'Current yen rise won't last long'

A former top Japanese financial diplomat said on Friday that the yen's strength will not last long given Japan's dire fiscal situation and sluggish economy, as well as the fact that Europe and the United States should avoid a double-dip recession.
Published 05 Sep, 2011 12:00am
Middl East markets: Saudi, Qatar gain as banks, petchems rise

Middl East markets: Saudi, Qatar gain as banks, petchems rise

Saudi stocks ended higher for a second day and Qatar also advanced on Sunday as banks and petrochemical stocks led gains, but UAE markets slipped with many traders wary ahead of the opening on global markets this week. The Saudi index climbed 0.8 percent,
Published 05 Sep, 2011 12:00am
Uneven Europe stock sell off leaves islands of value

Uneven Europe stock sell off leaves islands of value

The great August stock selloff has been far from uniform. Some sectors are now pricing in a far bigger risk of recession than others, leaving islands of potential value for the brave.
Published 05 Sep, 2011 12:00am
As massive debt maturities loom, US needs to extend

As massive debt maturities loom, US needs to extend

Insatiable demand for safe haven US government bonds is helping mask a potentially huge financial problem - the need to extend the maturity of debt issued by the United States.
Published 05 Sep, 2011 12:00am
As massive debt maturities loom, US needs to extend

As massive debt maturities loom, US needs to extend

Insatiable demand for safe haven US government bonds is helping mask a potentially huge financial problem - the need to extend the maturity of debt issued by the United States.
Published 05 Sep, 2011 12:00am
Wall Street Weekahead: QE3 no silver bullet for markets

Wall Street Weekahead: QE3 no silver bullet for markets

Friday's jobs report that showed hiring in the United States unexpectedly ground to a halt in August is increasing speculation the US Federal Reserve will move to stimulate the economy. But will it help stocks? Fed action - if it happens - is no longer vi
Published 05 Sep, 2011 12:00am
Tokyo stocks expected to hold firm next week

Tokyo stocks expected to hold firm next week

Tokyo share prices are likely to hold steady in the coming week, barring any negative shock from a closely watched US report on jobs, analysts said Friday. In the week to September 2, the Nikkei index at the Tokyo Stock Exchange rose 152.96 points or 1.74
Published 05 Sep, 2011 12:00am
Ukraine seeks to raise $5-$10 billion in gas firm IPO

Ukraine seeks to raise $5-$10 billion in gas firm IPO

Ukraine wants to raise $5-$10 billion from an initial public offering of the state-run natural gas exploration company, now a part of Ukraine's largest oil and gas firm Naftogaz, Prime Minister Mykola Azarov was quoted as saying on Thursday. "We have deci
Published 05 Sep, 2011 12:00am
Ukraine seeks to raise $5-$10 billion in gas firm IPO

Ukraine seeks to raise $5-$10 billion in gas firm IPO

Ukraine wants to raise $5-$10 billion from an initial public offering of the state-run natural gas exploration company, now a part of Ukraine's largest oil and gas firm Naftogaz, Prime Minister Mykola Azarov was quoted as saying on Thursday. "We have deci
Published 05 Sep, 2011 12:00am
Retail investors reject buying dips, stick to bonds

Retail investors reject buying dips, stick to bonds

Time was when the average US investor would react to a big drop in the markets as a time to buy, and pour assets into stock funds. For mom-and-pop investors, though, the "buy the dip" mantra is seemingly at an end, killed by more than three years of wild
Published 05 Sep, 2011 12:00am
Retail investors reject buying dips, stick to bonds

Retail investors reject buying dips, stick to bonds

Time was when the average US investor would react to a big drop in the markets as a time to buy, and pour assets into stock funds. For mom-and-pop investors, though, the "buy the dip" mantra is seemingly at an end, killed by more than three years of wild
Published 05 Sep, 2011 12:00am
Japan fund managers cut global stock weighting to 12-year low

Japan fund managers cut global stock weighting to 12-year low

Japanese fund managers cut their global stock weighting to a 12-year low in August, with risk appetite battered by worries that the United States may slide back into recession as well as by the euro zone debt crisis, a Reuters poll showed.
Published 05 Sep, 2011 12:00am
Japan fund managers cut global stock weighting to 12-year low

Japan fund managers cut global stock weighting to 12-year low

Japanese fund managers cut their global stock weighting to a 12-year low in August, with risk appetite battered by worries that the United States may slide back into recession as well as by the euro zone debt crisis, a Reuters poll showed.
Published 05 Sep, 2011 12:00am
Big-name stocks cheaper than during 2008-09 crisis

Big-name stocks cheaper than during 2008-09 crisis

One out of every 10 companies in the S&P 500 index - including stalwarts like Apple and JP Morgan Chase - is now cheaper than during the 2008-2009 market meltdown. Even as S&P 500 earnings soar past Wall Street estimates quarter after quarter, the lack of
Published 05 Sep, 2011 12:00am
IBM buying Algorithmics for $387 million

IBM buying Algorithmics for $387 million

US computer giant IBM announced on September 01 that it is buying Algorithmics, a Toronto-based firm that makes risk analytics software, for $387 million. The acquisition of Algorithmics by the Armonk, New York-based IBM comes one day after it bought i2,
Published 05 Sep, 2011 12:00am
Maruti Suzuki car sales fall in August

Maruti Suzuki car sales fall in August

India's leading carmaker Maruti Suzuki reported on September 02 a 13 percent drop in monthly sales in August, blaming the fall on industrial action at one of its plants in the country's north. The Japanese-controlled firm sold a total of 91,442 vehicles l
Published 05 Sep, 2011 12:00am
De Beers S African unit sees 6.5 million carats for 2011

De Beers S African unit sees 6.5 million carats for 2011

Diamond producer De Beers expects its South African unit to produce 6.5 million carats in 2011, a million less than last year as the effects of mine disposals filter down, the unit's chief executive said.
Published 05 Sep, 2011 12:00am
Gazprom posts colossal $16 billion first quarter profits

Gazprom posts colossal $16 billion first quarter profits

The world's biggest gas firm Gazprom on August 27 announced colossal profits of $16.24 billion for the first quarter, one of the biggest interim profits in history and driven by high global energy prices. The profit of 468 billion rubles ($16.24 billion)
Published 05 Sep, 2011 12:00am
eBay eyes up to 40 percent jump in China sales

eBay eyes up to 40 percent jump in China sales

eBay Inc expects sales from greater China to grow 30-40 percent annually from about $4 billion in 2010, with the e-commerce giant seeking acquisition opportunities as part of efforts to expand its footprint in the fast-growing market. While open to acquis
Published 05 Sep, 2011 12:00am
Super-fine television & help-me car attract at IFA

Super-fine television & help-me car attract at IFA

A super-fine television display where viewers cannot see the dots making up the picture and a small car that automatically phones for help after a crash were unveiled on September 1 in Berlin on the eve of the IFA consumer electronics show. Europe's bigge
Published 05 Sep, 2011 12:00am
Android smartphones gain more ground in US

Android smartphones gain more ground in US

Google's Android software strengthened its grip on the US smartphone market, powering nearly 42 percent of handsets as of July, industry tracker comScore reported on August 30. Android's share of the US smartphone market grew to 41.8 percent from 36.4 per
Published 05 Sep, 2011 12:00am
LG ties up with Philips, Sharp for smart TV apps

LG ties up with Philips, Sharp for smart TV apps

South Korea's LG Electronics said on September 1 it has tied up with Dutch giant Philips and Japan's Sharp to ramp up production of applications for Internet-powered televisions. The three TV vendors will jointly create software development kits, which wi
Published 05 Sep, 2011 12:00am
Taiwan's HTC unveils 4G tablet

Taiwan's HTC unveils 4G tablet

Taiwan's leading smartphone maker HTC unveiled its first tablet device with 4G telecommunications technology on September 1. Fourth generation - 4G - technology provides high-speed broadband wireless services and higher quality image and data services.
Published 05 Sep, 2011 12:00am
Samsung unveils three smartphones to run on own platform

Samsung unveils three smartphones to run on own platform

Samsung Electronics unveiled three smartphone models that run on its own operating system, as it seeks to expand market share in the low-end segment and diversify its line-ups heavily focused on Google's Android software.
Published 05 Sep, 2011 12:00am
Samsung to launch mobile instant messaging tool

Samsung to launch mobile instant messaging tool

Samsung Electronics Co said on August 29 it would launch a mobile instant messaging tool in its latest push to attract more consumers to its handsets and challenge rivals such as Apple and BlackBerry maker Research in Motion.
Published 05 Sep, 2011 12:00am
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