News Archives for Latest - 2011-09-22

Top News

New US data reflects economic hard times

WASHINGTON : Incomes and home values fell in the United States last year, and poverty grew, according to US government

Published 22 Sep, 2011 11:26pm

Life & Style

True story of Florida dolphin inspired Hollywood film

CLEARWATER : The injured dolphin washed up on the Florida shoreline in 2005, barely alive and given slim chances of su

Published 22 Sep, 2011 11:19pm

North America

Obama uses bridge to slam Republicans

CINCINNATI : US President Barack Obama on Thursday used a decaying bridge between the states of his top two political fo

Published 22 Sep, 2011 11:07pm

North America

US Senate passes broad trade measure

WASHINGTON : The US Senate voted Thursday for a broad trade measure coupled to aid for displaced US workers under a plan

Published 22 Sep, 2011 11:07pm

Africa

ICC turns a 'blind eye' to western crimes: Mugabe

UNITED NATIONS: Zimbabwe 's outspoken leader Robert Mugabe accused the International Criminal Court on Thursday of turn

Published 22 Sep, 2011 10:55pm

Life & Style

Crocodile Dundee star Gulpilil jailed

DARWIN: Prominent Aboriginal actor David Gulpilil, who appeared in numerous smash-hit films including "Crocodile Dundee"

Published 22 Sep, 2011 10:53pm

Industry

Amid struggles, HP names Meg Whitman CEO

NEW YORK: Hewlett-Packard on Thursday named former eBay chief Meg Whitman its new president and chief executive officer,

Published 22 Sep, 2011 10:42pm

Financial

New Zealand shares open 1.4pc lower after Wall St slide

WELLINGTON : New Zealand 's benchmark stock index opened 1.4 percent lower on Friday, as the market tracked but avoided

Published 22 Sep, 2011 10:33pm

Financial

Aussie & NZ dollars savaged investors flee risk

WELLINGTON/SYDNEY: The Australian and New Zealand dollars nursed huge losses on Friday having plunged to multi-month l

Published 22 Sep, 2011 10:24pm

Middle East

Iran dismisses EU foreign chief's remarks as "meddling"

TEHRAN: Iran's Foreign Ministry Spokesman Ramin Mehmanparast dismissed on Thursday EU foreign policy chief Catherine Ash

Published 22 Sep, 2011 09:55pm

Top News

World pressure mounts on Europe over crisis

WASHINGTON : World leaders screwed up the pressure on Europe Thursday to take decisive action to contain its debt cris

Published 22 Sep, 2011 09:46pm

Financial

TSX dives to year low on recession fears

TORONTO : Toronto 's main stock index plunged nearly 400 points on Thursday, touching its lowest level in more than a y

Published 22 Sep, 2011 09:32pm

Middle East

Iran nearing production of indigenous S-300 missile system

TEHRAN : A top Iranian Air Defense commander announced on Thursday that the country has actually ended designing the Ira

Published 22 Sep, 2011 09:01pm

Financial

Dow closes down 3.5pc amid global market selloff

NEW YORK : US stocks suffered a brutal sell-off Thursday fueled by the Federal Reserve's stark warning about the healt

Published 22 Sep, 2011 08:17pm

Cricket

'Tiger' Pataudi passes away

NEW DELHI : Former India captain Mansur Ali Khan Pataudi, who died Thursday of a lung infection aged 70, will be remem

Published 22 Sep, 2011 08:17pm

Commodities

ICE canola falls most in 2 months

WINNIPEG : ICE Canada canola futures fell on Thursday, posting their biggest losses in two months as a broad sell-off sw

Published 22 Sep, 2011 08:10pm

Financial

Dollar gains as global gloom spurs flight to safety

NEW YORK : The dollar rallied broadly for its best day in more than a month on Thursday and the euro tumbled to an eight

Published 22 Sep, 2011 07:47pm

Commodities

US gold sinks most in a month; safe haven questioned

NEW YORK : US gold futures fell their most in a month on Thursday, raising fresh questions about the metal's validity

Published 22 Sep, 2011 07:46pm

Managed Funds

Money market funds fall by $11.82bn in latest week: ICI

WASHINGTON : The Investment Company Institute on Thursday issued the following money market mutual fund assets report:

Published 22 Sep, 2011 07:46pm

Financial

Brazil, Peru step in to check FX plunge

RIO DE JANEIRO : Brazil 's real suffered some of its biggest losses since the 2009 world recession and Peru 's sol bac

Published 22 Sep, 2011 06:39pm

Commodities

CBOT wheat drops 5pc on worries about economy

CHICAGO : Chicago Board of Trade wheat futures fell 5 percent to a 2-1/2 month low as the US Federal Reserves warning

Published 22 Sep, 2011 06:38pm

North America

Major countries launch new anti-terror group

NEW YORK : Twenty-nine countries from around the world, plus the European Union, on Thursday launched a new multilateral

Published 22 Sep, 2011 06:26pm

Financial

30-year bonds gain four points in price

NEW YORK : US 30-year Treasury bonds traded four points higher in price on Thursday as investors fled riskier assets,

Published 22 Sep, 2011 06:16pm

Financial

US markets extend losses, Dow down 4pc

NEW YORK : US stocks extended a brutal sell-off Thursday, plunging more than four percent in the final hours of trade,

Published 22 Sep, 2011 06:08pm

Life & Style

Schwarzenegger to write "unbelievably true" memoir

NEW YORK : Arnold Schwarzenegger is writing a memoir about his rise to fame and unlikely transition from Austrian-born

Published 22 Sep, 2011 05:58pm

Energy

Libya to resume oil production soon: NTC

BENGHAZI : Libyan oil production will resume in the next few days but a return to pre-uprising production levels is stil

Published 22 Sep, 2011 05:28pm

Industry

Nippon Steel, Sumitomo Metal Industries to merge

TOKYO : Japan's biggest steelmaker Nippon Steel and third-ranked rival Sumitomo Metal Industries on Thursday announced

Published 22 Sep, 2011 05:12pm

Middle East

Palestinian UN drive puts US ties 'at risk': lawmakers

NEW YORK: The Palestinians have put their ties with the United States, including aid, "at risk" with their drive for ful

Published 22 Sep, 2011 04:45pm

Business & Finance

Schools completing spray will be allowed to re-open

LAHORE: Town Emergency Response Committee Chairman Nishtar Town, Naseer Bhutta MNA has said second phase of fogging in g

Published 22 Sep, 2011 04:10pm

Managed Funds

Long Treasuries lead bond rally on Fed plan

NEW YORK : Long-dated US government debt rallied strongly on Thursday, extending the previous day's rally on a Federal

Published 22 Sep, 2011 04:03pm

Financial

Dollar rallies to fresh highs on economic gloom

NEW YORK: The dollar rallied broadly on Thursday as mounting concerns about the global economy pushed investors to embra

Published 22 Sep, 2011 04:03pm

Top News

Pakistani cotton fabrics, leather goods exhibition continues in Paris

ISLAMABAD: Pakistan is currently showcasing its cotton fabrics and leather goods exhibitions in Paris. Pakistani cott

Published 22 Sep, 2011 04:00pm

Business & Finance

Press Council, an achievement of democratic Govt: Dr Firdous

ISLAMABAD: Federal Minister for Information and Broadcasting, Firdous Ashiq Awan on Thursday said it is an achievement o

Published 22 Sep, 2011 03:54pm

Top News

Dengue kills six more in Lahore

ISLAMABAD: Six more people fell prey to dengue virus in Lahore and as a result the death toll reached 68 so far on Thurs

Published 22 Sep, 2011 03:48pm

Financial

German stocks plunge more than 5.0 percent

FRANKFURT : German stocks were down more than 5.0 percent in late afternoon trading on Thursday, extending their earl

Published 22 Sep, 2011 03:37pm

Financial

Belgian stocks plunge 5.05 percent

BRUSSELS : Belgian stocks shed 5.05 percent on Thursday, matching heavy losses in London, Frankfurt and Paris after W

Published 22 Sep, 2011 03:37pm

Financial

Nigeria's Sterling to acquire privately-held ETB

LAGOS : Nigeria 's Sterling Bank said on Thursday it will issue 3 billion new shares to acquire privately-held Equitori

Published 22 Sep, 2011 03:29pm

Financial

Mexican stock exchange opens 3.27pc lower

MEXICO CITY : Mexico's stock exchange opened 3.27 percent lower on Thursday, while its currency, the peso, was down nea

Published 22 Sep, 2011 03:29pm

Financial

Fed warning shakes US stock markets

NEW YORK : US stocks plunged nearly three percent in early trading on Thursday, following a stark warning by the Fede

Published 22 Sep, 2011 03:29pm

Energy

UK nuclear plans under review

LONDON: British utility Scottish and Southern Energy is reviewing its involvement in the NuGen nuclear new build consort

Published 22 Sep, 2011 03:14pm

Top News

Pakistan 'exporting violence' to Afghanistan: US military

WASHINGTON : The US military's top officer accused Pakistan on Thursday of "exporting" violent extremism to Afghani

Published 22 Sep, 2011 03:08pm

Top News

Three dengue patients reported in GB

GILGIT: Three patients of dengue fever from Gilgit-Baltistan, have been referred to Lahore for treatment, health officia

Published 22 Sep, 2011 03:08pm

Top News

20,000 flood-hit families provided one month ration: WFP

ISLAMABAD: Around 20,000 families in four districts of flood-hit Sindh province have been provided one month ration duri

Published 22 Sep, 2011 03:08pm

Business & Finance

Gilani condoles Rabbani's assassination, announces Nishan-e-Pakistan

KABUL : Prime Minister Syed Yusuf Raza Gilani on Thursday expressed heartfelt condolences with Afghan President Hamid Ka

Published 22 Sep, 2011 03:08pm

Top News

Zardari video monitors flood relief operations in Sindh for third day

KARACHI: For a third consecutive day President Asif Ali Zardari personally monitored progress of relief and rehabilitati

Published 22 Sep, 2011 03:08pm

Top News

Pakistan warns US - "no boots on our ground"

ISLAMABAD : Pakistan would not tolerate any incursion on its territory by US forces targeting militant groups, inter

Published 22 Sep, 2011 03:07pm

Industry

New cars drag down Canada retail sales in July

OTTAWA : Canadian retail sales fell by 0.6 percent in July from June after three consecutive gains, dragged down by weak

Published 22 Sep, 2011 02:55pm

Top News

US leading economic index signals weak growth

WASHINGTON: A gauge of future US economic activity rose more than expected in August as the money supply increased due t

Published 22 Sep, 2011 02:50pm

Africa

Two kills in east Sudan

KHARTOUM : Sudanese police used teargas to disperse a protest by hundreds of tribesmen in east Sudan on Thursday after

Published 22 Sep, 2011 02:48pm

Top News

Morocco eyes lower budget deficit in 2012

RABAT : Morocco expects economic growth to slow slightly to 4.8 percent next year but still hopes to cut its budget de

Published 22 Sep, 2011 02:45pm

Top News

Mexico annual inflation slows in 1st half of September

MEXICO CITY : Mexico inflation climbed less than expected in the first half of September, giving the central bank more

Published 22 Sep, 2011 02:45pm

World

Brazil joblessness steady, wages rise in August

SAO PAULO : Brazil 's low joblessness rate held steady in August from July, as wages continued the advance that has pre

Published 22 Sep, 2011 02:30pm

North America

US jobless claims fall but recession still feared

WASHINGTON : Americans filed fewer new claims for jobless benefits last week, but the decline was not enough to dispel w

Published 22 Sep, 2011 02:30pm

Financial

Dollar at 7-month high as Fed outlook hits risk

LONDON: The dollar rose to a seven-month high after the Federal Reserve flagged "significant downside risks" to the econ

Published 22 Sep, 2011 02:26pm

Africa

Libya holds back from assault on last Qadhafi redoubts

WEST OF SIRTE: Forces loyal to Libya 's new rulers said they were holding back on Thursday from advancing on Moamer Qad

Published 22 Sep, 2011 02:22pm

Pakistan

Haqqani network does not exist in Pakistan: Firdous

ISLAMABAD : Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Thursday said that Haqqani networ

Published 22 Sep, 2011 02:17pm

Business & Finance

Canadian High Commissioner calls on Gen. Wynne

RAWALPINDI: HE. Col Ross Hynes, High Commissioner of Canada in Pakistan on Thursday called on General Khalid Shameem Wyn

Published 22 Sep, 2011 02:13pm

Business & Finance

Floods destroy over 50,000 mud houses

ISLAMABAD: As many as 50,000 mud houses have been destroyed completely and thousands of livestock died due to the devast

Published 22 Sep, 2011 02:11pm

Top News

Rs500 old currency notes to become obsolete after 30th

ISLAMABAD : The State Bank of Pakistan (SBP) has again asked the public to exchange old currency notes of Rs500 with the

Published 22 Sep, 2011 02:03pm

Financial

London stock market tumbles more than 5.0pc

LONDON : London's main stock index slumped by more than 5.0 percent on Thursday, mirroring a rout across global indices

Published 22 Sep, 2011 01:54pm

World

Argentina farmers neglected unpopular quota system

BUENOS AIRES : Argentina 's grains industry is debating a proposal to overhaul local corn and wheat markets so exporter

Published 22 Sep, 2011 01:52pm

Financial

Paris shares fall more than 5.0 percent

PARIS : Shares in Paris dropped more than five percent on Thursday with traders nervous on the global economic outlook

Published 22 Sep, 2011 01:40pm

Financial

Spanish stocks plunge 5.0pc in early afternoon

MADRID : Spanish stocks were down by about 5.0 percent in early afternoon trading on Thursday, amid widespread nervou

Published 22 Sep, 2011 01:37pm

Money & Banking

Czech central bank to depart lower rates

PRAGUE : The Czech central bank voted unanimously on Thursday to leave interest rates at an all-time low of 0.75 percent

Published 22 Sep, 2011 01:29pm

Business & Finance

Sindh Madresstul Islam to be upgraded to level of university

KARACHI : The Sindh Madresstul Islam (SMI) would be upgraded to the level of a university. This was stated by Sindh M

Published 22 Sep, 2011 01:25pm

Markets

KSE 100-index ends lower, rupee firms

KARACHI : Karachi Stock Exchange (KSE) ended more than 1.3 percent lower on Thursday, hit by a global market sell-off

Published 22 Sep, 2011 01:14pm

Markets

ISE-10 sheds 110.77 points

ISLAMABAD : The Islamabad Stock Exchange (ISE-10) on Thursday witnessed bearish trend as the index closed at 2,559.45 by

Published 22 Sep, 2011 01:10pm

Top News

Transcontainer H1 profit seven-fold up

MOSCOW : Russian rail firm Transcontainer said profit increased seven-fold in the first half of the year to 1.4 billion

Published 22 Sep, 2011 01:06pm

Commodities

Wheat at 12-week low, corn falls on Fed warning

MADRID/SINGAPORE: US wheat fell to a 12-week low on Thursday and corn lost ground for a third straight session after a

Published 22 Sep, 2011 12:57pm

Commodities

Gold falls as dollar gains, palladium at 10-month lows

LONDON : Gold fell on Thursday, after the Federal Reserve's widely-anticipated move to boost US growth lifted the doll

Published 22 Sep, 2011 12:57pm

Financial

Sterling falls to 1-year low

LONDON: Sterling fell to a one-year low versus the dollar on Thursday as investors dumped currencies perceived to be ris

Published 22 Sep, 2011 12:50pm

Commodities

Tokyo futures at 3-month low on Fed's warning

BANGKOK : Tokyo rubber futures tumbled 3.8 percent to the lowest in nearly three months on Thursday, tracking falls in

Published 22 Sep, 2011 12:50pm

Commodities

Copper falls on Fed warning, China PMI

SINGAPORE : Copper fell on Thursday, along with other commodities and Asian equities, after the US Federal Reserve warne

Published 22 Sep, 2011 12:50pm

Top News

Recession fears hammer stocks, commodities

NEW YORK : World stocks and commodities tumbled on Thursday as weak data from China crystallized investor fears of a g

Published 22 Sep, 2011 12:45pm

Business & Finance

China, Japan to send tents for flood victims: NDMA

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Published 22 Sep, 2011 12:44pm

Business & Finance

SC rejects report over flood issue in Sindh

ISLAMABAD: The Supreme Court on Thursday rejected a report of the Sindh government over flood issue and the implementati

Published 22 Sep, 2011 12:21pm

Top News

France calls rapid force to handle nuclear crises

UNITED NATIONS: France on Thursday called for an international rapid reaction force to handle nuclear crises and for m

Published 22 Sep, 2011 12:00pm

Financial

US, China, Germany slumps hammer stocks

LONDON : A grim outlook for the US economy from the Federal Reserve and signs of a slowing in China and Germany se

Published 22 Sep, 2011 11:58am

Financial

Indian shares dive 4.1pc, biggest fall in 2 years

MUMBAI: Indian shares slumped 4.1 percent on Thursday in their biggest one-day slide in more than two years as investors

Published 22 Sep, 2011 11:52am

Industries & Sectors

Shipping activity at Port Qasim

KARACHI : Three ships carrying cement, chemical and furnace oil were berthed at Multi Purpose Terminal, Engro Vopak

Published 22 Sep, 2011 11:42am

Money & Banking

Excess liquidity pulls down key Euribor rate

FRANKFURT : Key euro-priced bank-to-bank lending rate fell slightly on Thursday as high excess liquidity in the money ma

Published 22 Sep, 2011 11:34am

Financial

Indian bond yields inch lower on US cues; borrowing eyed

MUMBAI: Indian federal bond yields edged lower on Thursday, taking cues from a sharp fall in their US counterpart afte

Published 22 Sep, 2011 11:33am

Energy

Brent crude falls more than $1 on grim economic outlook

SINGAPORE : Brent crude slumped more than $1 on Thursday on concerns oil consumption may fall as steps announced by the

Published 22 Sep, 2011 11:24am

Managed Funds

Benchmark yields at fresh 60-yr low on grim US outlook

LONDON : US Treasuries extended gains in Europe on Thursday, pushing benchmark yields to fresh 60-year lows as inves

Published 22 Sep, 2011 11:24am

Top News

Thai trade deficit swings to $1.2bn

BANGKOK : Thailand recorded $1.2 billion trade deficit in August, swinging into a red after a surplus the previous mon

Published 22 Sep, 2011 11:18am

Top News

'Wikileaks allegations against MQM on May 12 incident baseless'

KARACHI: Deputy Convener and Parliamentary leader of the Muttahida Qaumi Movement (MQM) , Dr Farooq Sattar, has said

Published 22 Sep, 2011 11:12am

Top News

Pakistan, US discussing all issues: Foreign Office

ISLAMABAD : Foreign Office spokesperson Tehmina Janjua on Thursday said that communication links between Pakistan and

Published 22 Sep, 2011 11:05am

Top News

Two million sick from floods in Pakistan

ISLAMABAD : Two million Pakistanis have fallen ill from diseases since monsoon rains left the southern region under sev

Published 22 Sep, 2011 11:00am

Top News

Pakistan must take action against militants operating within: Mullen

WASHINGTON : US officials say there is mounting evidence that intelligence agencies in Pakistan have been encouragin

Published 22 Sep, 2011 10:51am

Financial

German stocks plunge more than 4.0pc in late morning

FRANKFURT: German stocks were down more than 4.0 percent in late morning trading on Thursday, amid widespread nervousnes

Published 22 Sep, 2011 10:51am

Financial

Indian shares slide 3.37pc, rupee at two-year-low

MUMBAI: Indian shares fell more than three percent during intraday trade Thursday, as Asian and European markets tumbled

Published 22 Sep, 2011 10:45am

Financial

London stock market tumbles more than 4.0pc

LONDON: London's main stock index slumped by more than 4.0 percent in morning deals on Thursday, mirroring a rout across

Published 22 Sep, 2011 10:40am

Business & Finance

PM leaves for Kabul to condole Rabbani's assassination

ISLAMABAD : Prime Minister Syed Yusuf Raza Gilani on Thursday left here for Kabul to condole with Afghanistan 's lead

Published 22 Sep, 2011 10:40am

Africa

NATO can achieve Libya mission within three months

BRUSSELS: NATO can achieve its mission in Libya within the next three months, the commander of the NATO military operati

Published 22 Sep, 2011 10:38am

Industry

Volvo gives new financial targets, seen against competitors

STOCKHOLM: Sweden's Volvo Group, the world's second-largest truck maker, said Thursday it would begin using new financia

Published 22 Sep, 2011 10:35am

Top News

Eurozone economic activity shrinks first time in 2 years: PMI

BRUSSELS: Private sector economic activity in the eurozone contracted in September for the first time in more than two y

Published 22 Sep, 2011 10:32am

Asia

Karzai says Taliban sent CD before Rabbani killing

KABUL: President Hamid Karzai said Thursday that the assassin of Afghan peace broker Burhanuddin Rabbani had come to Kab

Published 22 Sep, 2011 10:29am

Money & Banking

China's major banks losing deposits: Report

BEIJING: Deposits are flowing out of China's major state-owned banks as high inflation and low interest rates prompt sav

Published 22 Sep, 2011 10:19am

Financial

European shares slump as Fed disappoints

LONDON: European stocks slumped Thursday, echoing falls elsewhere, after the US Federal Reserve disappointed investors w

Published 22 Sep, 2011 10:14am

Top News

Forex reserves fall to $17.64bn

KARACHI : Pakistan 's foreign exchange reserves fell to $17.64 billion in the week ending Sept. 17 from $17.79 billion

Published 22 Sep, 2011 10:11am

Top News

Philippines sees $1bn in Japanese investments

MANILA: The Philippines is expecting to secure at least $1.0 billion in fresh Japanese investment during President Benig

Published 22 Sep, 2011 10:11am

Asia

Three feared dead in Papua plane crash

TIMIKA: Three people are feared dead after their small plane crashed in a mountainous area of the remote Indonesian prov

Published 22 Sep, 2011 10:02am

Financial

Euro strikes new 10-year low against yen

LONDON: The European single currency plunged on Thursday to a new 10-year low against the yen, as investors sought the s

Published 22 Sep, 2011 10:01am

Markets

Pakistan to boost palm oil imports from Indonesia on tax cut

KARACHI : Pakistan , the world’s third-largest buyer of palm oil, may boost purchases from Indonesia next year after

Published 22 Sep, 2011 10:00am

Top News

Japan says should use strong yen to invest abroad

JAKARTA: Japanese firms should take advantage of the persistently high yen and invest offshore, Japan's trade minister s

Published 22 Sep, 2011 09:52am

Top News

Seafood exports increase over 10pc

ISLAMABAD: Export of fish and fish preparations increased by 10.10 percent during the first two months of the current fi

Published 22 Sep, 2011 09:04am

Top News

US Senate panel votes conditions on aid to Pakistan

WASHINGTON: Reflecting lawmakers’ anger at Islamabad the Senate Appropriations Committee Senate committee on Wednesday v

Published 22 Sep, 2011 09:00am

Top News

Search operation in Swat; two bombers killed

SWAT: A suicide bomber blew him up and his associate in Swat area of Mingora early Thursday. Meantime, a third terrorist

Published 22 Sep, 2011 08:57am

Top News

US Govt starts providing broad range assistance to flood victims

KARACHI : The Government of United States has started providing a broad range of assistance to flood affected people in

Published 22 Sep, 2011 08:55am

Middle East

Shelling, snipers kill 4 civilians in Yemen capital

SANAA: Two women were shot dead by snipers in Sanaa's Change Square Thursday while two men were killed in shelling on

Published 22 Sep, 2011 08:47am

Industry

Logitech cuts 2012 targets on economic uncertainty

GENEVA: Swiss computer peripherals maker Logitech on Thursday cut its 2012 full-year targets amid economic uncertainty i

Published 22 Sep, 2011 08:35am

Top News

Pakistani tea second in taste, potential exists to save import expenditures

ISLAMABAD : Pakistan has great potential to produce tea for local consumption and save billions of rupees it has b

Published 22 Sep, 2011 08:25am

Business & Finance

First Hajj flight to take off on Sept 30

ISLAMABAD : Flight operation for pilgrims under the regular scheme would start from September 30 with two flights leavin

Published 22 Sep, 2011 08:23am

Africa

Kenya rounds up elephants to ease trouble with humans

NAROK: Kenyan rangers Thursday began relocating 50 rampaging elephants back to the renowned Maasai Mara game reserve to

Published 22 Sep, 2011 08:19am

Financial

French stocks plunge 2.66 percent on opening

PARIS: French stocks plunged by 2.66 percent within moments of opening Tuesday as Europe echoed Wall Street's disappoint

Published 22 Sep, 2011 08:17am

Financial

European stocks slump as Fed disappoints

LONDON: European stocks dived in early deals on Thursday after the US Federal Reserve disappointed investors with its ec

Published 22 Sep, 2011 08:16am

Industries & Sectors

CAA convenes airport managers' conference

KARACHI : The Civil Aviation Authority (CAA) convened Airport Mangers' Conference in order to enhance coordination betwe

Published 22 Sep, 2011 08:15am

Financial

Milan stocks down 3.02pc on opening

MILAN: Milan's stock market opened down over 3.0 percent on Thursday, along with other European stock exchanges disappoi

Published 22 Sep, 2011 08:14am

Financial

Madrid stocks slump 2.43pc at open

MADRID: Spanish prices slumped 2.43 percent in opening trade Thursday as global markets took a grim view of a multi-bill

Published 22 Sep, 2011 08:12am

Markets

269 `relief camps' set up for livestock

HYDERABAD : The Director General Livestock, Sarwar Shaikh, has informed that as many as 269 `Relief Camps' have been est

Published 22 Sep, 2011 08:11am

Top News

Anger, disbelief in Greece over further cuts for debt funds

ATHENS: Greeks on Thursday reacted with anger and disbelief at a new wave of austerity cuts enacted to keep the country

Published 22 Sep, 2011 08:10am

Asia

NATO claims killing of Afghan linked to US helicopter crash

KABUL: The NATO-led coalition in Afghanistan claimed Thursday to have killed a Taliban commander who was the target of a

Published 22 Sep, 2011 08:08am

Financial

Tokyo stocks end down 2.07pc, Fed plan disappoints

TOKYO: Tokyo stocks closed down 2.07 percent on Thursday amid disappointment over the US Federal Reserve's latest measur

Published 22 Sep, 2011 07:54am

Financial

Australian stocks slump 2.63pc

SYDNEY: Australian stocks slumped 2.63 percent on Thursday after the US Federal Reserve painted a grim picture of the Am

Published 22 Sep, 2011 07:51am

Business & Finance

900 surveillance cameras to be installed in Karachi

KARACHI : At least 900 video surveillance cameras will be installed at 164 locations within next six months in the megap

Published 22 Sep, 2011 07:50am

Life & Style

Japan carrier unveils smartphone radiation gauge

TOKYO: Japan's top mobile phone operator NTT DoCoMo is to unveil a smartphone with changeable "jackets" that measure bad

Published 22 Sep, 2011 07:41am

Top News

Nato supply container driver shot dead

LANDIKOTAL: A driver of the Afghanistan bound Nato supply container was died and two other injured when some unknown gun

Published 22 Sep, 2011 07:37am

Financial

Turkish benchmark bond down in OTC trade after Fed outlook

ISTANBUL: Turkey's benchmark May 15, 2013 bond yield rose to 8.24 percent in early over-the-counter trade on Thursday, f

Published 22 Sep, 2011 07:31am

Pakistan

Govt endeavouring to provide low cost houses to people: Durrani

KARACHI: The Government especially President Asif Ali Zardari is very keen to promote housing and construction sector in

Published 22 Sep, 2011 07:27am

Managed Funds

Australia's buyout firms face ‘abyss’ in raising new funds

GOLD COAST: Australian private equity funds are having a tough time raising new cash from sceptical investors, who are p

Published 22 Sep, 2011 07:17am

Top News

FMs of Pakistan, China express satisfaction over Islamabad, Beijing ties

UNITED NATIONS: Foreign Minister of Pakistan and China expressed satisfaction at the "quality and depth" of Sino-Pakista

Published 22 Sep, 2011 07:13am

Commodities

Palm drops to one-week lows on cloudy global outlook

KUALA LUMPUR: Malaysian palm oil dropped to one-week lows on Thursday after the US Federal Reserve warned of significant

Published 22 Sep, 2011 07:12am

Money & Banking

Australia central bank takes valuation loss of A$5.8bn

SYDNEY: The Reserve Bank of Australia (RBA) sustained a valuation loss on its assets of A$5.8 billion ($5.8 billion) in

Published 22 Sep, 2011 07:08am

Money & Banking

EU official prefers private to public help for banks: Report

PARIS: If some European banks need to be recapitalised, the European Commission would prefer that the support come from

Published 22 Sep, 2011 07:03am

Top News

Sanghar bomb kills two children, injures nine others

SANGHAR: At least two children were killed and nine others injured as a toy bomb went off in District Sanghar’s tehsil K

Published 22 Sep, 2011 07:01am

Financial

Indian rupee at 2-year low; traders look for Central Bank presence

MUMBAI: The Indian rupee fell 1 percent to its lowest in more than two years on Thursday, tracking weak local shares, af

Published 22 Sep, 2011 07:00am

Money & Banking

Hundreds of South Koreans besiege stricken savings banks

SEONGNAM: Hundreds of worried customers queued overnight to withdraw their money from seven South Korean savings banks w

Published 22 Sep, 2011 06:57am

Cricket

Pakistan cricket legends begin UAE business innings

ISLAMABAD : Two legendary Pakistan cricketers, Inzamam Ul Haq and Saeed Anwar, have commenced another innings as busin

Published 22 Sep, 2011 06:57am

Top News

RUSAL may build smelter in Iran: Kommersant

MOSCOW: The world's largest aluminium producer, UC RUSAL, is in talks to build a 375,000 tonne per year aluminium smelte

Published 22 Sep, 2011 06:54am

Top News

Three reconstructed KPT berths to be inaugurated on Sept 23

KARACHI : The three reconstructed berths of Karachi Port Trust (KPT) will be inaugurated at a ceremony here on Friday

Published 22 Sep, 2011 06:53am

Financial

Swiss franc dips on talk SNB may shift cap

ZURICH: The Swiss franc weakened against the euro on Thursday, weighed down by the spectre of the central bank shifting

Published 22 Sep, 2011 06:51am

Industry

Nissan, Mitsubishi Motors announce new OEM model

TOKYO: Nissan Motor Co and Mitsubishi Motors Corp announced on Thursday an expansion of their original equipment manufac

Published 22 Sep, 2011 06:48am

Financial

Bunds rally on gloomy Fed outlook, Operation Twist

LONDON : Bund futures opened higher on Thursday as the US Federal Reserve's gloomy outlook on economic growth hit riskie

Published 22 Sep, 2011 06:46am

Financial

South Africa's rand off 2-year lows, eyes on Central Bank statement

JOHANNESBURG: South Africa's rand bounced from two year lows against the dollar on Thursday but remained vulnerable as i

Published 22 Sep, 2011 06:39am

Financial

Kenyan shilling slumps to record low for third day

NAIROBI: The Kenyan shilling slumped to a record low against the dollar on Thursday on the back of euro weakness, trader

Published 22 Sep, 2011 06:36am

Industry

Deutsche Telekom to buy back shares for 1.7bn euro

FRANKFURT: Deutsche Telekom said it would return about 1.72 billion euros ($2.35 billion) to shareholders by buying back

Published 22 Sep, 2011 06:27am

Top News

Bomb kills five in Bajaur

KHAR: A powerful roadside bomb targeting an anti-Taliban militia ripped through a pick-up vehicle in Bajaur on Thursday

Published 22 Sep, 2011 06:24am

Commodities

Australia gives Chevron's Wheatsone LNG environment approval

CANBERRA: Australia's government gave environmental approval on Thursday to Chevron Corp's Wheatstone liquefied natural

Published 22 Sep, 2011 06:22am

Industry

KDDI to sell iPhone 5 in Japan: Report

TOKYO: KDDI Corp, Japan's second-largest mobile carrier by subscribers, has snagged the rights to sell Apple's iPhone 5,

Published 22 Sep, 2011 06:21am

Top News

Samsung starts new chip line to boost flash memory

SEOUL: Samsung Electronics, the world's largest memory chip maker, said Thursday it has begun mass production at a new l

Published 22 Sep, 2011 06:15am

Asia

Bangladesh hit by strike over fuel price hike

DHAKA : Thousands of police patrolled the streets of the Bangladeshi capital on Thursday as a nationwide strike called b

Published 22 Sep, 2011 06:14am

Top News

Oil tumbles as dollar strengthens on Fed move

SINGAPORE : Oil tumbled in Asian trade Thursday on a stronger dollar as investors flocked to the safe-haven currency

Published 22 Sep, 2011 06:14am

Pakistan

Magsi urged NGOs, public organizations to contribute for flood relief

ISLAMABAD: MNA Amir Ali Khan Magsi has urged NGOs, public welfare organizations and philanthropists to contribute in the

Published 22 Sep, 2011 06:11am

Industry

Samsung wins $2.1bn order in Saudi Arabia

SEOUL: South Korean builder Samsung C&T said Thursday it has secured a $2.1 billion deal to build a thermal power plant

Published 22 Sep, 2011 06:10am

World

Colombian mine blast kills 3, others trapped

BOGOTA: An explosion apparently caused by methane gas ripped through a coal mine in northern Colombia, killing three peo

Published 22 Sep, 2011 06:08am

Middle East

Palestinians stay on course for UN showdown

UNITED NATIONS: Palestinian president Mahmud Abbas remained on course for a clash with the United States over his bid fo

Published 22 Sep, 2011 06:05am

Financial

A$ dips below greenback parity

SYDNEY: The Australian dollar dipped below parity with the US dollar on Thursday for only the second time since March, a

Published 22 Sep, 2011 05:57am

Industry

Foster's chief defends sale of Australian brewer

SYDNEY: Foster's executives on Thursday defended the decision to approve a takeover for the Australian brewer which will

Published 22 Sep, 2011 05:50am

Europe

Russia awaits election season hints from ruling duo

MOSCOW: President Dmitry Medvedev and Prime Minister Vladimir Putin on Saturday make a rare joint appearance at the cong

Published 22 Sep, 2011 05:40am

World

Bolivia's Morales slams UN 'imperialism'

UNITED NATIONS: Bolivian President Evo Morales slammed the UN's key body as the "Council of Insecurity" Wednesday as he

Published 22 Sep, 2011 05:35am

Financial

Asia ex-Japan G3 bond issue pipeline

TOKYO: Beijing-based steel manufacturer Shougang Corp has mandated Bank of China International, DBS Bank and JP Morgan f

Published 22 Sep, 2011 05:27am

Financial

Australian stocks down 2.05pc at the open

SYDNEY : Australian stocks slumped 2.05 percent at the open on Thursday after the US Federal Reserve painted a grim pict

Published 22 Sep, 2011 05:18am

Business & Finance

68 more tested positive for dengue fever in Multan

ISLAMABAD: The Multan Health Department teams have confirmed 68 more tested positive cases of dengue fever amongst 33 we

Published 22 Sep, 2011 05:11am

Top News

One dead, dozens wounded after double blast in Russia

MOSCOW : Scores of policemen and civilians were injured and one died after a double blast near regional interior ministr

Published 22 Sep, 2011 05:09am

Industry

United Technologies in $18bn deal for Goodrich

NEW YORK : United Technologies said Wednesday it reached a deal to buy aerospace maker Goodrich Corporation for $18.4 bi

Published 22 Sep, 2011 04:52am

Cricket

Australia captain wants say on new coach

SYDNEY: Australian Test captain Michael Clarke has said he wants a say on who the new team coach will be but stopped sho

Published 22 Sep, 2011 04:50am

Financial

Japan shares fall 1.63pc by noon

TOKYO: Tokyo stocks lost 1.63 percent by noon Thursday following a plunge on Wall Street, as investors gave a thumbs dow

Published 22 Sep, 2011 04:49am

North America

Obama heads back to Washington after UN meet

NEW YORK: US President Barack Obama left New York late Wednesday after a marathon diplomatic mission, huddling one-on-on

Published 22 Sep, 2011 04:48am

Energy

Oil tumbles as dollar strengthens on Fed move

SINGAPORE: Oil tumbled in Asian trade Thursday on a stronger dollar as investors flocked to the safe-haven currency afte

Published 22 Sep, 2011 04:47am

Asia

China says US, Taiwan arms deal will harm ties

BEIJING: China reacted angrily to a $5.85 billion US deal to upgrade Taiwan's fleet of F-16 fighter jets on Thursday, su

Published 22 Sep, 2011 04:45am

Financial

Polish zloty weakens 1pc against euro since Wednesday close

WARSAW: Poland's zloty weakened 1.0 percent against the common currency, hovering around its 26-month lows versus euro i

Published 22 Sep, 2011 04:42am

North America

Colombian mine blast kills three, others trapped

BOGOTA: An explosion apparently caused by methane gas ripped through a coal mine in northern Colombia, killing three peo

Published 22 Sep, 2011 04:42am

Financial

US Fed plan sends Asia stocks diving, dollar gains

HONG KONG: Asian stock markets slumped on Thursday as the Federal Reserve's latest multi-billion-dollar move to shore up

Published 22 Sep, 2011 04:40am

Financial

Hong Kong stocks slump 4.08pc by lunch

HONG KONG: Hong Kong stocks tumbled 4.08 percent by the break on Thursday, in line with regional losses, as traders were

Published 22 Sep, 2011 04:21am

Financial

Dollar rises as dealers seek safe haven

TOKYO: The dollar rose in Asian trade on Thursday as market players shunned risks amid disappointment over the Federal R

Published 22 Sep, 2011 04:20am

Drugs in consignments worry Customs: probe initiated

The customs authorities have started a thorough probe into a recent case of detection of drugs concealed in the consignments exported from the jurisdiction of Model Customs Collectorate (MCC), Islamabad, Lahore and Sialkot by Anti Narcotics Force (ANF).