News Archives for Latest - 2011-09-19

Top News

Pakistan-US relations to remain rocky: Cameron Munter

NEW YORK : The US ambassador to Pakistan Cameron Munter predicted Monday that relations between the war partners will

Published 19 Sep, 2011 11:32pm

World

Chavez recovering from chemo in Cuba: Morales

HAVANA : Bolivian President Evo Morales said Monday his Venezuelan counterpart was "much improved" after the latest roun

Published 19 Sep, 2011 11:06pm

Industry

UAW threatens strike at Chrysler supplier

DETROIT : With negotiations at General Motors complete and talks at Ford on hold, the United Auto Workers union is movin

Published 19 Sep, 2011 11:01pm

North America

US Senate advances key trade measure

WASHINGTON : The US Senate on Monday advanced a key trade measure seen as critical to the eventual passing of stalled fr

Published 19 Sep, 2011 10:56pm

Financial

Aussie & NZ dollars trims losses after euro debt battering

WELLINGTON/SYDNEY: The Australian and New Zealand dollars were off their lows but looking vulnerable on Tuesday, after

Published 19 Sep, 2011 10:04pm

Life & Style

'Two and a Half Men' co-star hails contrite Sheen

LOS ANGELES: Charlie Sheen's former co-star Jon Cryer lauded the troubled actor Monday for burying the hatchet with the

Published 19 Sep, 2011 10:04pm

Top News

Obama pitches $3.6 trillion in deficit cuts

WASHINGTON: President Barack Obama on Monday called for $3.6 trillion in deficit cuts over 10 years, with half of the sa

Published 19 Sep, 2011 09:33pm

North America

Obama arrives in New York for UN talks

NEW YORK : US President Barack Obama arrived here Monday ahead of the UN General Assembly, this year overshadowed by a P

Published 19 Sep, 2011 09:27pm

World

Colombia retail sales up 11.8pc in July: govt

BOGOTA : Colombia 's retail sales rose 11.8 percent in July versus the same month last year, the government's statistic

Published 19 Sep, 2011 09:17pm

Financial

Jefferies sues Nasdaq over alleged losses on swaps

NEW YORK : Jefferies Group Inc sued Nasdaq OMX Group Inc to recover tens of millions of dollars of alleged losses from b

Published 19 Sep, 2011 09:16pm

Financial

Europe debt worries sink US stocks

NEW YORK : US stocks slid Monday, snapping a five-session winning streak as traders worried about a possible Greek publi

Published 19 Sep, 2011 08:57pm

North America

Obama, Merkel discuss eurozone crisis

WASHINGTON : US President Barack Obama and German Chancellor Angela Merkel spoke by phone Monday to discuss the need for

Published 19 Sep, 2011 08:57pm

Middle East

Yemen forces kill 31 as anti-regime protests rage

SANAA: Security forces shot dead at least 31 people in Yemen on Monday, among them two children killed by snipers, prote

Published 19 Sep, 2011 07:46pm

Commodities

NY juice closes higher as market stays in range

NEW YORK : Orange juice futures ended higher Monday on investor buying as players seem content to keep the market rang

Published 19 Sep, 2011 07:46pm

World

Paraguay detects foot-and-mouth, halts beef exports

ASUNCION : Paraguay ordered an immediate halt to beef exports Monday after detecting foot-and-mouth disease in cattle

Published 19 Sep, 2011 07:27pm

Commodities

Strong dollar pressures US wheat futures

CHICAGO : Chicago Board of Trade wheat futures fell for the ninth time in 10 sessions on Monday, hitting their lowest

Published 19 Sep, 2011 07:25pm

Commodities

Sugar, coffee recover after slide; cocoa slips

NEW YORK/LONDON: ICE raw sugar futures bounced higher on Monday as the market readjusted after the previous session's se

Published 19 Sep, 2011 07:12pm

Money & Banking

UBS losses prove need for British banking reform: minister

BIRMINGHAM : The $2.3 billion loss at Swiss banking giant UBS justifies reforms of Britain 's banking sector supported

Published 19 Sep, 2011 06:56pm

Industry

Google opening smartphone wallets

SAN FRANCISCO : Google is ready to open its smartphone wallet to the public. Shops taking part in the new payment sys

Published 19 Sep, 2011 06:49pm

Asia

Iran arrests 19 people over major bank scam: media

TEHRAN : Iran has arrested 19 people over what major newspapers described as the biggest financial scam in the Islamic

Published 19 Sep, 2011 05:34pm

North America

US Postal Service plan would save $20bn :W.House

WASHINGTON : The Obama administration's plan to rescue the US Postal Service would allow the agency to end Saturday mail

Published 19 Sep, 2011 05:25pm

Top News

Dengue preventable by simple measures: Gilani

LAHORE: Prime Minister Syed Yusuf Raza Gilani has said that Dengue is preventable by adopting simple measures and approp

Published 19 Sep, 2011 05:24pm

Top News

PDMA puts affectees figure at 6,506,545

HYDERABAD : The Director General Provincial Disaster Management Authority (PDMA) Saleh Farooqui issuing a detailed repor

Published 19 Sep, 2011 05:24pm

Asia

Nepal quake tragedy as embassy wall collapses

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Published 19 Sep, 2011 05:23pm

Managed Funds

Turkish bonds weaker on rising risk aversion

ISTANBUL: Turkish bonds weakened on Monday as reignited fears of a Greek debt default prompted investors to move into sa

Published 19 Sep, 2011 05:20pm

Real Estate

OCI unit wins $552mn Saudi stadium deal: Source

CAIRO : A unit of Egypt 's Orascom Construction Industries (OCI) won a 2.07 billion Saudi riyal ($552 million) contract

Published 19 Sep, 2011 05:07pm

Financial

Sanofi backs 50pc dividend payout long-term

NEW YORK : Sanofi SA's chief executive said that the drug-maker can maintain its dividend at a 50 percent payout ratio o

Published 19 Sep, 2011 04:55pm

Top News

Bomb kills three, wounds 21 in Peshawar: Police

PESHAWAR : A bomb killed at least three people and wounded 21 others at a market selling CDs in Peshawar on Monday, po

Published 19 Sep, 2011 04:54pm

Business & Finance

Shahbaz briefs PML-N Chief on dengue issue

LAHORE: Chief Minister Punjab Shahbaz Sharif gave a detailed briefing to Pakistan Muslim League-N President Nawaz Sharif

Published 19 Sep, 2011 04:51pm

Financial

Sterling falls to 8-month low vs dollar

LONDON: Sterling hit an eight-month low against the dollar on Monday, tracking losses in the euro which slumped as conce

Published 19 Sep, 2011 04:38pm

Financial

Boeing, buyer blame contract hurdle for 747

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Published 19 Sep, 2011 04:22pm

Life & Style

Kenyan's ‘colonial’ designs hit London catwalk

LONDON : Kenyan designer John Kaveke introduced a new line of fashion inspired by the old colonial era at London Fashion

Published 19 Sep, 2011 04:07pm

North America

Rich must pay fair share of deficit cuts

WASHINGTON : The wealthy and corporations must pay their "fair share," US President Barack Obama said Monday, laying ou

Published 19 Sep, 2011 03:40pm

Europe

Finmeccanica tumbles as spotlight judicial probes

ROME : Finmeccanica tumbled nearly 8 percent on Monday after wiretapped conversations from judicial probes shone the spo

Published 19 Sep, 2011 03:40pm

Top News

CM Sindh calls for coordinated relief measures for flood victims

KARACHI: The recent disaster due to heavy rains is unparalleled and after forecast, there was un-expected downpour, with

Published 19 Sep, 2011 03:38pm

Business & Finance

Haj training, vaccination begin

LAHORE : Training and vaccination process of Haj pilgrims has started in Haji Camp Lahore which will continue till Septe

Published 19 Sep, 2011 03:30pm

North America

Obama wants US tax revamp to raise revenue

WASHINGTON : President Barack Obama on Monday said he would work with the US Congress to revamp the tax code and lower c

Published 19 Sep, 2011 03:22pm

Business & Finance

Child labour trend rises in world: ILO

ISLAMABAD : Hazardous child labour is on the rise in most of the world among older children age 15-17, the International

Published 19 Sep, 2011 03:13pm

Top News

Yemen forces kill 20 more as protests rage: medics

SANAA: Yemeni security forces Monday killed 20 people, including three dissident soldiers and two children, raising the

Published 19 Sep, 2011 03:03pm

Pakistan

Home Department finalises arrangements for computerised licensing

KARACHI : Sindh Home Department on Monday finalised all official arrangements for computerised licensing of arms and amm

Published 19 Sep, 2011 03:00pm

Africa

Syrian security forces kill five in Homs: activists

NICOSIA: Syria's security forces opened fire on Monday during a raid on political dissidents in the town of Houla in cen

Published 19 Sep, 2011 02:57pm

Industries & Sectors

Netherland’s expert to support Energy Efficiency Programmes

ISLAMABAD : National Productivity Organization has specially invited energy expert, Van De Raadt from Netherlands to h

Published 19 Sep, 2011 02:57pm

Financial

Euro falls on EU stalemate, risk assets wobble

NEW YORK : The euro fell on Monday after European officials ended a meeting without agreeing on new ways to tackle the r

Published 19 Sep, 2011 02:37pm

Top News

PSIC allocated Rs 4051mn soft-term loan

LAHORE : Punjab Small Industries Corporation (PSIC) disbursed Rs 4051.462 million as soft term loans to 19,470 peopl

Published 19 Sep, 2011 02:29pm

Managed Funds

Bonds rally on Fed easing prospects, euro zone

NEW YORK : The US Treasury market rose on Monday as the market looked forward to more monetary easing from the Federal R

Published 19 Sep, 2011 02:24pm

Business & Finance

KU cancels admissions of 20 regular students

KARACHI : The University of Karachi has cancelled admission of 20 regular students on the charges of forged marks sh

Published 19 Sep, 2011 02:20pm

Top News

PASDEC exploring new markets to export marble, granite

PESHAWAR : Chief Executive Officer (CEO), Ihsanullah Khan said that nature has blessed Pakistan with enormous marble a

Published 19 Sep, 2011 02:17pm

Financial

Italian/German yield spread rises on EU disappointment

LONDON : The 10-year yield spread between Italian and German bonds rose on Monday as peripheral debt came under pressure

Published 19 Sep, 2011 02:11pm

Managed Funds

US 30-year bond gains more than one point

NEW YORK : The US 30-year Treasury bond rose more than a point in early trading on Monday, outperforming the shorter m

Published 19 Sep, 2011 02:06pm

Financial

European stocks, euro slump before Greece crisis talks

LONDON : European stocks slumped and the euro fell sharply against the dollar on Monday on raised fears of another gl

Published 19 Sep, 2011 02:02pm

Financial

US stocks tumble on US, Europe worries

NEW YORK : US stocks opened sharply lower Monday amid worries about the Greek sovereign debt crisis and the political

Published 19 Sep, 2011 02:02pm

Business & Finance

Govt to resolve issues of CNG sector: Dr. Asim

ISLAMABAD: Minister for Petroleum and Natural Resources, Dr. Asim Hussain on Monday said the government was cognizant of

Published 19 Sep, 2011 02:00pm

Asia

Japan promises UN atomic agency a 'safer future'

VIENNA: Japan's minister in charge of handling the Fukushima crisis told an annual gathering of the UN atomic agency Mon

Published 19 Sep, 2011 01:52pm

Middle East

Palestinians set up 'settler attack' watchdog

NABI SALEH: Palestinian and international activists on Monday launched a campaign to monitor what they said are growing

Published 19 Sep, 2011 01:45pm

Money & Banking

Spain banks July bad loans ratio highest since Feb 1995

MADRID : Bad loans as a percentage of total loans at Spanish banks rose 3.1 billion euros ($4.3 billion) in July, to 124

Published 19 Sep, 2011 01:41pm

Financial

Dollar rises 1 percent on day versus Swiss franc

LONDON : The dollar rose 1 percent on the day versus the Swiss franc on Monday as risk aversion stemming from European p

Published 19 Sep, 2011 01:35pm

Top News

Four permanent SHC judges take oath

KARACHI: Four additional judges here Monday took oath as permanent judges of the Sindh High Court (SHC). Chief Justic

Published 19 Sep, 2011 01:33pm

Financial

Paris shares fall more than 3.0pc ahead of Wall Street

PARIS : Shares in Paris dropped more than three percent on Monday minutes before the opening on Wall Street with trader

Published 19 Sep, 2011 01:30pm

Financial

Milan stocks fall more than 3.0 percent

MILAN : Italian shares fell by more than 3.0 percent on Monday with investors nervous about continuing political divisi

Published 19 Sep, 2011 01:30pm

Markets

Karachi Stocks Exchange ends flat, rupee firms

KARACHI : Karachi Stocks Exchange (KSE) ended flat on Monday in thin volume as investors stayed on the sidelines await

Published 19 Sep, 2011 01:26pm

Business & Finance

Sindh Govt constitutes committee to investigate Monday attack

KARACHI : Sindh government has constituted a team to investigate Monday's attack at the residence of SSP-CID, Karachi Po

Published 19 Sep, 2011 01:21pm

Cricket

Pakistan team to return home on Wednesday morning

KARACHI : Pakistan cricket team will return home early Wednesday morning after making a clean-sweep in a one-off test,

Published 19 Sep, 2011 01:16pm

Business & Finance

Rangers arrest 18 suspects, recover 168 weapons

KARACHI : Pakistan Rangers Sindh have arrested 18 suspects and recovered 168 weapons during raids and targeted opera

Published 19 Sep, 2011 01:04pm

Industries & Sectors

Shipping activity at Port Qasim

KARACHI : Shipping activity remained active where four ships carrying containers and cement were arranged berthing at

Published 19 Sep, 2011 01:03pm

Industries & Sectors

Power shortfall increases to 3,495 MW

ISLAMABAD : The electricity shortfall in the country on Monday further jumps to 3,495 MW from 2,796 MW as the total powe

Published 19 Sep, 2011 12:33pm

Top News

Petroleum Policy 2011 to be announced shortly

ISLAMABAD : Petroleum Policy 2011, coming in a few days, is slated to be more pro-sector than before. Talking to a pr

Published 19 Sep, 2011 12:21pm

Cricket

Australia 52 runs ahead in final Sri Lanka Test

COLOMBO : Australia, trailing Sri Lanka by 157 runs on the first innings, were 209-3 in their second knock at stumps on

Published 19 Sep, 2011 12:15pm

Business & Finance

HEC holds National Essay competition

ISLAMABAD : Higher Education Commission (HEC) and Centre for Civic Education Pakistan are arranging a National Essay Wri

Published 19 Sep, 2011 12:10pm

Top News

Brazil inflation forecasts up, growth seen slower

SAO PAULO : Economists raised their forecast for inflation and revised downwards their outlook for economic growth in B

Published 19 Sep, 2011 12:03pm

Money & Banking

Euribor rates edge up in wake of EU meeting

FRANKFURT : Key euro-priced bank-to-bank lending rates edged higher on Monday as concerns about the ability of the euro

Published 19 Sep, 2011 12:01pm

Commodities

US corn at 5-week low, wheat falls on risk aversion

SINGAPORE : US corn slid 0.7 percent on Monday to its lowest in 5 weeks, while wheat fell for a third straight session

Published 19 Sep, 2011 11:49am

Commodities

Palm oil falls as global economic uncertainty grows

KUALA LUMPUR : Malaysian palm oil futures fell on Monday as Europe stumbled over attempts to solve the euro zone debt

Published 19 Sep, 2011 11:49am

Commodities

Gold rallies on euro debt crisis gloom

LONDON : Gold prices rallied on Monday after European policy makers failed to soothe fears of Greek default and contagio

Published 19 Sep, 2011 11:47am

Commodities

Copper slides to 2011 low on sovereign debt concerns

LONDON : Copper prices slid to their lowest this year on Monday as investors focused on a possible slowdown in the globa

Published 19 Sep, 2011 11:47am

Energy

Oil falls more than $1 on debt concerns, dollar

LONDON : Brent crude oil slipped below $112 a barrel on Monday as Europe stumbled over attempts to solve the euro zone

Published 19 Sep, 2011 11:32am

Financial

Funds keep slashing bets on Korean won, Singapore dollar

SINGAPORE : The South Korean won on Monday fell to its lowest against the yen since March 2009 and the Singapore dolla

Published 19 Sep, 2011 11:30am

Business & Finance

650,000 houses constructs in earthquake hit areas: ERRA

ISLAMABAD: Earthquake Reconstruction and Rehabilitation Authority (ERRA) has so far constructed 650,000 quake proof hous

Published 19 Sep, 2011 11:27am

Managed Funds

US yields near lows on Fed prospects, euro zone

LONDON : US Treasury yields fell on Monday with markets braced for more monetary easing from the Federal Reserve, and an

Published 19 Sep, 2011 11:26am

Financial

Indian bond yields inch lower tracking US peers, oil

MUMBAI: The federal bond yields inched lower on Monday in line with a drop in their US counterparts and tracking lower

Published 19 Sep, 2011 11:24am

Financial

European stocks, euro slump before Greece crisis talks

LONDON : European stocks markets slumped and the euro fell sharply against the dollar on Monday as Greece prepared to

Published 19 Sep, 2011 10:08am

World

Thousands march in Rio against religious intolerance

RIO DE JANEIRO : Tens of thousands marched at the world famous Copacabana beach on Sunday in a protest against the pers

Published 19 Sep, 2011 09:51am

Financial

German stocks plunge more than 3.0pc in mid-morning

FRANKFURT : German stocks were down more than 3.0 percent in Monday mid-morning trading amid market jitters ahead of deb

Published 19 Sep, 2011 09:35am

Financial

Hong Kong shares end 2.76pc down

HONG KONG: Hong Kong shares tumbled 2.76 percent to a more than two-year low on Monday after European leaders failed to

Published 19 Sep, 2011 09:32am

Asia

Iran to finish off Kurd rebels in 'days': Commander

TEHRAN : Iranian forces will in the "coming days" finish off armed Kurdish rebels who are based in Iraq , a top command

Published 19 Sep, 2011 09:29am

Europe

Merkel allies in free fall after Berlin vote drubbing

BERLIN : German Chancellor Angela Merkel's coalition allies were Monday picking through the rubble of an election disast

Published 19 Sep, 2011 09:16am

Industry

Malaysia's Petronas to sell Star Energy in Britain

KUALA LUMPUR : Malaysian state energy firm Petronas said Monday it will sell British onshore oil producer Star Energy Gr

Published 19 Sep, 2011 09:10am

Financial

Swiss securities offer service allowing gold as payment

GENEVA : The Switzerland stock exchange's payment clearing company SIX Securities said Monday it has launched a servic

Published 19 Sep, 2011 09:04am

Industry

Turkey's Migros sees $140-150mn 2012 investment: CEO

ISTANBUL : Turkish supermarket chain Migros says it plans $140-150 million investment in 2012 and will open at least two

Published 19 Sep, 2011 08:52am

Financial

Rouble at weakest against basket since December

MOSCOW : Russia 's rouble weakened on Monday to 36.00 against the dollar-euro baskets, its lowest level since December,

Published 19 Sep, 2011 08:50am

Real Estate

China property fund laments curbs, sees opportunities

SHENZHEN: China 's credit clampdown on the property sector is providing more opportunities for domestic real estate-foc

Published 19 Sep, 2011 08:45am

Financial

Swiss franc flat against euro, SNB's ceiling holds

ZURICH : The Swiss franc held steady against the euro, trading weaker than the 1.20 mark the Swiss National Bank has vow

Published 19 Sep, 2011 08:42am

Top News

Lloyds Banking's finance director quits

LONDON: Lloyds Banking Group's finance director, Tim Tookey, is to quit the partly state-owned British bank to join insu

Published 19 Sep, 2011 08:37am

Money & Banking

UBS starts probe into $2.3bn rogue trade loss

ZURICH : Swiss bank UBS has kicked off an internal investigation into the catastrophic failure of its risk systems after

Published 19 Sep, 2011 08:35am

Top News

Jaguar Land Rover building new engine plant in UK

LONDON: Jaguar Land Rover, part of India's Tata Motors , will build a new engine plant in central England in a 355 milli

Published 19 Sep, 2011 08:33am

Business & Finance

UN launched Pakistan flood 2011 rapid response for US $357mn

ISLAMABAD : The United Nations called for US$357 million to help the Government of Pakistan provide life-saving assistan

Published 19 Sep, 2011 08:32am

Financial

South Korea won erases 2011 gains to hit 6-month low

SEOUL : The South Korean won lost more than 2 percent against the dollar on Monday, wiping out this year's gains on mark

Published 19 Sep, 2011 08:31am

Pakistan

India, Pakistan need to address fishermen's woes'

RAJKOT : India and Pakistan should find a permanent solution soon to ensure that fishermen who inadvertently cross t

Published 19 Sep, 2011 08:31am

Energy

Saudi pumped 9.606mn bpd of crude in July

DUBAI : Leading oil exporter Saudi Arabia produced 9.606 million barrels a day (bpd) of crude in July, 207,000 bpd les

Published 19 Sep, 2011 08:28am

Financial

Euro falls on EU stalemate, dollar gains

LONDON : The euro fell on Monday, hit by European policymakers failure to calm worries about a Greek default and the ris

Published 19 Sep, 2011 08:26am

Money & Banking

Turkish Central Bank opens max $70mn forex-selling auction

ISTANBUL : The Turkish Central Bank opened a forex-selling auction on Monday with a maximum volume of $70 million, bank

Published 19 Sep, 2011 08:24am

Managed Funds

South Korea Central Bank to buy back 2-year MSBs before maturity

SEOUL : The Bank of Korea plans to buy back up to 2.4 trillion won ($2.2 billion) worth of 2-year monetary stabilisation

Published 19 Sep, 2011 08:20am

Industries & Sectors

CNG stations closure

LAHORE : All the CNG filling stations of Lahore , Gujranwala , Sheikhupura, Sahiwal and Multan region remained close

Published 19 Sep, 2011 08:17am

Cricket

World wants to see India-Pakistan play: Saqlain Mushtaq

ISLAMABAD : Pakistan spin legend Saqlain Mushtaq, believes that the rival of Indo-Pak cricket series will be great as

Published 19 Sep, 2011 08:17am

Commodities

Egypt's SIIC says buys 35,000/T sugar

CAIRO : Egypt 's state-owned Sugar and Integrated Industries Company (SIIC) said on Monday it has bought 30,000 tonnes

Published 19 Sep, 2011 08:17am

Commodities

Tunisia buys 92,000 T wheat, 25,000 T durum

HAMBURG : Tunisia 's state grains agency has purchased 92,000 tonnes of soft milling wheat and 25,000 tonnes of durum w

Published 19 Sep, 2011 08:14am

Financial

Euro bonds are not the answer

LONDON: The euro countries aren't going to agree to guarantee each others' debts in time to solve the current crisis. An

Published 19 Sep, 2011 08:10am

Asia

Iran security chief holds nuclear talks in Russia

MOSCOW : Iran 's top national security official was due in Moscow Monday for talks with Russia focused on Tehran '

Published 19 Sep, 2011 08:07am

Top News

Greece to hold crisis talks with eurozone-IMF: Ministry

ATHENS : Greece 's finance minister will hold a teleconference with eurozone and IMF officials at about 1200 GMT on ext

Published 19 Sep, 2011 08:00am

Business & Finance

UN launches appeal for Pakistan flood victims

ISLAMABAD : The United Nations Coordinator in Pakistan Timo Pakkala said that the UN has appealed for more than thirty s

Published 19 Sep, 2011 07:58am

Top News

Indonesia, Pakistan PTA effective from January

JAKARTA : After long negotiations, Indonesia and Pakistan have signed an agreement on preferential trade that will g

Published 19 Sep, 2011 07:52am

Europe

Turkish military cargo plane fired on over Libya: News agency

ANKARA : A Turkish military cargo plane dropping humanitarian aid over the Libyan town of Bani Walid came under fire f

Published 19 Sep, 2011 07:51am

Business & Finance

Police had information of any terror attack in Karachi

KARACHI: Inspector General of Police, Sindh, Wajid Ali Durani said the police had intelligence reports of some terror ac

Published 19 Sep, 2011 07:48am

Europe

Navigator in Russian highway plane crash was drunk: Official

MOSCOW : The navigator of a Russian plane that crashed onto a highway in the north-western region of Karelia in June,

Published 19 Sep, 2011 07:40am

Business & Finance

UAE President orders charities team for Pakistan's flood victims

ABU DHABI : United Arab Emirates President Sheikh Khalifa bin Zayed Al Nahyan has directed to form a team of various

Published 19 Sep, 2011 07:24am

Financial

Madrid stocks down 2.51pc

MADRID: Madrid stocks were down 2.51 percent shortly after opening on Monday amid widening concern over the Greek debt

Published 19 Sep, 2011 07:23am

Financial

China shares fall 1.8pc to 14-month low on money supply concern

SHANGHAI: China's benchmark stock index ended at a 14-month closing low on Monday, weighed by cyclical names in thin tur

Published 19 Sep, 2011 07:21am

Asia

Thousands protest against nuclear power in Japan

TOKYO : Tens of thousands of demonstrators rallied in Tokyo on Monday calling for an end to nuclear energy in Japan

Published 19 Sep, 2011 07:19am

Financial

European stocks slide at open; London down 1.35pc

LONDON: European stock markets slid at the start of trading on Monday with markets nervous ahead of debt crisis talks

Published 19 Sep, 2011 07:09am

Top News

Australia to probe Asia steel imports

SYDNEY : Australian authorities on Monday launched an inquiry into steel imports from China and four other Asian natio

Published 19 Sep, 2011 06:59am

North America

Obama to recommend $3 trillion in deficit cuts

WASHINGTON : President Barack Obama will release a plan on Monday calling for more than $3 trillion in deficit cuts over

Published 19 Sep, 2011 06:58am

Industries & Sectors

Pakistan asks Iran to increase gas exports to 50mn cubic meters daily

TEHRAN : Caretaker director of National Iranian Gas Company says Pakistan has asked Iran to increase gas exports to

Published 19 Sep, 2011 06:58am

Top News

One million houses completely demolished in recent flood: NDMA Spokesman

ISLAMABAD : National Disaster Management Authority (NDMA) spokesman Irshad Bhatti said that one million houses have been

Published 19 Sep, 2011 06:56am

Africa

More than 20 killed in Burundi attack

BUJUMBURA: Armed raiders killed more than 20 people and wounded about 20 others when they stormed a Burundi bar and op

Published 19 Sep, 2011 06:48am

Cricket

Australia 16-0 in final Sri Lanka Test

COLOMBO: Australia, trailing Sri Lanka by 157 runs on the first innings, were 16 for no loss in their second knock at

Published 19 Sep, 2011 06:44am

Cricket

Mathews ton gives Sri Lanka strong lead

COLOMBO: Angelo Mathews hit a maiden Test century as Sri Lanka gained a first innings lead of 157 runs in the third an

Published 19 Sep, 2011 06:40am

Business & Finance

President Zardari condemns blast out side residence of SSP

ISLAMABAD : President Asif Ali Zardari on Monday strongly condemned blast out side residence of SSP Chaudhry Aslam in K

Published 19 Sep, 2011 06:38am

Energy

IEA has assured OPEC no more oil stock shocks

DUBAI : The International Energy Agency (IEA) has assured oil exporters' group OPEC that it will not repeat June's oil s

Published 19 Sep, 2011 06:30am

Business & Finance

PM condemns Karachi blast

ISLAMABAD : Prime Minister Yousuf Raza Gilani on Monday strongly condemned the blast in Karachi that killed several pe

Published 19 Sep, 2011 06:30am

Middle East

Oxfam rings alarm bell on hunger in Yemen

SANAA: One in every three Yemenis goes hungry every day because of months of political stalemate that has pushed the eco

Published 19 Sep, 2011 06:09am

Commodities

Spot gold to rise to $1,860/oz

SINGAPORE : Spot gold will zigzag up towards $1,930 per ounce, with an immediate target at $1,860. Over the next few

Published 19 Sep, 2011 06:06am

Asia

Landslides block rescue efforts after India quake

GUWAHATI: Rain and landslides were blocking rescue efforts of hundreds of workers searching for survivors of a 6.8 magni

Published 19 Sep, 2011 05:59am

Financial

Vietnam to auction 2tn dong in bonds on Sept 22

HANOI : Vietnam 's State Treasury will auction 2 trillion dong ($96 million) worth of bonds at a weekly government bond

Published 19 Sep, 2011 05:55am

Top News

36 killed as quake hits vast Himalayan region

GANGTOK: An earthquake rocked a vast swathe of northeastern India and Himalayan states, triggering power cuts and pani

Published 19 Sep, 2011 05:51am

Commodities

China soybean imports seen up 5pc in 2012

NUSA DUA: Chinese soybean imports will rise at least 5 percent next year, boosted by growing demand from pig and poultry

Published 19 Sep, 2011 05:46am

Industry

Mitsubishi Heavy comes under cyberattack

TOKYO : Mitsubishi Heavy Industries Ltd.'s computer network was hacked at factories that build submarines and missiles a

Published 19 Sep, 2011 05:42am

Industry

China's Sany Heavy to raise $3.33bn in HK offer

HONG KONG : Sany Heavy Industry , China 's largest construction machinery maker, aims to raise up to $3.33 billion in

Published 19 Sep, 2011 05:36am

Commodities

NY coffee to rebound to $2.70/lb

SINGAPORE : New York coffee will rebound to $2.70 per lb, as it has temporarily completed a correction from the Sept.

Published 19 Sep, 2011 05:33am

Commodities

CBOT wheat targets $6.54-1/2 a bushel

SINGAPORE : CBOT December wheat will break below a support at $6.81-3/4 per bushel, and fall more towards $6.54-1/2.

Published 19 Sep, 2011 05:30am

Commodities

NY sugar to fall more to 26.46 cents/lb

SINGAPORE : New York sugar will fall more to 26.46 cents per lb, as indicated by its wave pattern and a Fibonacci proj

Published 19 Sep, 2011 05:26am

Commodities

Shanghai copper to drop to 62,490 yuan/T

SINGAPORE : Shanghai copper will fall to 62,490 yuan per tonne, as a downward wave "C" is progressing. This wave is

Published 19 Sep, 2011 05:23am

Industry

Australia's Qantas says strike to ground 28 flights, affect 6,100

SYDNEY: Australia's Qantas Airways has cancelled 28 flights scheduled for Tuesday due to a planned four-hour strike by g

Published 19 Sep, 2011 05:21am

Financial

Indian shares open lower, GVK Power gains

MUMBAI: Indian shares slid as much as 0.7 percent early on Monday, tracking weak Asian markets on worries over the euro

Published 19 Sep, 2011 05:18am

Money & Banking

South Korea Central Bank to offer 1.2tn won in facility

SEOUL : The Bank of Korea will hold an auction on Monday to offer 1.2 trillion won ($1 billion) via 28-day term deposit

Published 19 Sep, 2011 05:15am

Commodities

Palm oil to drop to 3,000 ringgit/T

SINGAPORE : Malaysian palm oil is expected to fall to 3,000 ringgit per tonne, as it has completed a consolidation wi

Published 19 Sep, 2011 05:12am

Commodities

LME aluminium to drop to $2,326/T

SINGAPORE : A bearish target has been established at $2,326 per tonne for LME aluminium as indicated by its wave pattern

Published 19 Sep, 2011 05:09am

Financial

Australia shares fall 1.6pc on Europe debt worries

SYDNEY : Australian stocks fell 1.6 percent on Monday, ground down by persistent worries on Europe 's debt crisis after

Published 19 Sep, 2011 05:07am

Financial

Seoul shares ease amid caution, banks tracked

SEOUL : Seoul shares declined on Monday after two straight sessions of gains and amid lingering fears about eurozone d

Published 19 Sep, 2011 05:01am

Financial

A$, NZ$ stung by European setbacks

WELLINGTON/SYDNEY: The Australian and New Zealand dollars slumped on Monday, dogged by a number of political euro zone

Published 19 Sep, 2011 04:58am

Financial

Taiwan stocks decline, banks, builders lower

TAIPEI : Taiwan stocks fell 0.63 percent on Monday, led by banks including Fubon Financial Holding Co Ltd , on lingeri

Published 19 Sep, 2011 04:54am

Financial

HK shares to open down 1.1pc, China Coal dives

HONG KONG: Hong Kong shares were set to open lower on Monday, led by China Coal Energy Co Ltd after its mining operation

Published 19 Sep, 2011 04:51am

Financial

Euro under pressure in Asian trade

SINGAPORE : The euro fell against the dollar in Asian trade Monday after eurozone finance ministers delayed the release

Published 19 Sep, 2011 04:28am

Financial

Asian markets fall on new Europe fears

HONG KONG : Asian stock markets fell on Monday after European finance heads failed to agree a plan to solve the region's

Published 19 Sep, 2011 04:26am

Energy

Oil down in Asian trade

SINGAPORE : Oil prices fell sharply in Asian trade Monday, with investors still worried over the debt crisis in the euro

Published 19 Sep, 2011 04:19am

Top News

Eight killed in Karachi suicide blast

KARACHI : At least eight people have been killed and several injured in a suicide blast in the commercial hub of Karach

Published 19 Sep, 2011 04:04am

Top News

Stocks, euro hit by Greece fears; bonds soar

NEW YORK : World stocks fell sharply on Monday, snapping a four-day advance, while the euro shed more than 1 percent as

Published 19 Sep, 2011 04:04am

Top News

54 dengue patients recover in Multan

MULTAN: 54 dengue patients have been discharged from Nishtar Hospital Multan during the last five weeks, doctors said on

Published 19 Sep, 2011 04:04am

Top News

Collaborative efforts needed to rebuild lives in flood-hit areas

ISLAMABAD: Speakers at a briefing on Monday stressed the need for collaborative efforts of government and international

Published 19 Sep, 2011 04:04am

Top News

Drone attack matters to discuss with UN: MoHR

ISLAMABAD : Ministry of Human Rights (MoHR) has decided to take up issues of drone attacks with United Nations under Int

Published 19 Sep, 2011 04:04am

Top News

Power shortfall increases to 3,495 MW

ISLAMABAD: The electricity shortfall in the country on Monday further jumps to 3,495 MW from 2,796 MW as the total power

Published 19 Sep, 2011 04:04am

Top News

IG Sindh orders extra ordinary security arrangements in city

KARACHI: Inspector General of Sindh Police, Wajid Ali Durrani has directed for taking extraordinary security arrangement

Published 19 Sep, 2011 04:04am

Top News

President directs for saving lives, providing food, clean water to flood victims

KARACHI: President Asif Ali Zardari on Monday directed that highest priority be given to saving human lives in the flood

Published 19 Sep, 2011 04:04am

Top News

Asfandyar welcomes withdrawal of MQM allegations

PESHAWAR: President of ANP Asfandyar Wali Khan has welcomed the withdrawal of allegations against him by the MQM Qaid Al

Published 19 Sep, 2011 04:04am

Top News

Govt failed to deliver to masses: Nawaz

KARACHI : PML-N Chief Mian Muhammad Nawaz Sharif has said that the government which failed to deliver to the masses shou

Published 19 Sep, 2011 04:04am

Top News

School teacher, her son among eight dead due to explosion

KARACHI : A school teacher, Mumtaz Feroz and her son Moeed Feroz, son of Feroz Khan Niazi were among the eight casualtie

Published 19 Sep, 2011 04:03am

Top News

Rs.2mn each for heirs of six policemen announced

KARACHI : Sindh Home Minister Manzoor Wasan Monday announced Rs.2 million each for the heirs of six policemen who lost t

Published 19 Sep, 2011 04:03am

Top News

In lengthy talks, US presses Pakistan on Haqqanis

NEW YORK : US Secretary of State Hillary Clinton pressed Pakistan in 3-1/2 hours of talks on Sunday to attack the Ha

Published 19 Sep, 2011 04:02am

Top News

FM Khar discusses 'all facets' of Pak-US relations with Clinton

NEW YORK : Foreign Minister Hina Rabbani Khar and US Secretary of State Hillary Clinton on Sunday had extensive discussi

Published 19 Sep, 2011 04:01am

Top News

Pakistan's particular interest in Kashgar: Masood

BEIJING : Pakistan has a special interest in the setting up of Special Economic Zones (SEZs) in Kashgar and Khorgos in

Published 19 Sep, 2011 04:00am

BR Research

Where is IP gas pipeline heading?

One of Pakistans closest friends or so the governments want the people to believe; the US has reportedly shown its dissent again on the Iran