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Archive - 2011-09-26
Hearing of Moonis Elahi case put off
Top News

Hearing of Moonis Elahi case put off

LAHORE : District and Sessions Judge Mujahid Mustaqim on Monday adjourning by October 3 the hearing of case against PML-
Published 26 Sep, 2011 06:26pm
Fannie Mae to sell $2bn bills
Financial

Fannie Mae to sell $2bn bills

NEW YORK : Fannie Mae, the largest US home funding company, said on Monday it plans to sell $1 billion of three-month
Published 26 Sep, 2011 05:18pm
Brazil cocoa output stable
Commodities

Brazil cocoa output stable

SAO PAULO : Cocoa deliveries from Brazil 's main cocoa state Bahia declined only slightly in the week to Sept. 18,
Published 26 Sep, 2011 04:12pm
SHC grants bail to Afaq Ahmed
Top News

SHC grants bail to Afaq Ahmed

KARACHI: A bench of Sindh High Court headed by Justice Muhammad Tasnim on Monday granted bail to Afaq Ahmed, chief of Mo
Published 26 Sep, 2011 03:21pm
General Kayani cancels London visit
Top News

General Kayani cancels London visit

LONDON : Chief of Army Staff (COAS) General Ashfaq Parvez Kayani has cancelled a visit to London for talks on Monday, t
Published 26 Sep, 2011 02:04pm
Gas pipeline blown up in Dera Bugti
Top News

Gas pipeline blown up in Dera Bugti

DERA BUGTI: Unknown armed men blew up a gas pipeline in Pir Koh area on Monday. Unidentified men attached an explosiv
Published 26 Sep, 2011 01:48pm
Dengue claims 100 lives in Punjab
Top News

Dengue claims 100 lives in Punjab

ISLAMABAD: Dengue has claimed 100 lives in Punjab while over 10,000 cases have been confirmed, on Monday. The provinc
Published 26 Sep, 2011 01:45pm
Govt. to spend Rs.100mn on feeders
Top News

Govt. to spend Rs.100mn on feeders

PESHAWAR: The government will spend Rs.100 million to establishment three new feeder lines of 11 KV and a separate Wapda
Published 26 Sep, 2011 01:40pm
Gold continues to recede
Markets

Gold continues to recede

KARACHI : The gold prices continued to fell by Rs700 per tola to Rs56, 000, after the global market posted a $40 slump t
Published 26 Sep, 2011 01:32pm
NSC meeting called October 3
Top News

NSC meeting called October 3

ISLAMABAD: A vital meeting of National Security Council (NSC) has been called on October 3rd in view of the precarious s
Published 26 Sep, 2011 09:40am
Kenya sees tea earnings up, output down
Top News

Kenya sees tea earnings up, output down

NAIROBI: Kenyan tea exports are seen falling to 365 million kg in 2011 after a bumper crop of 399 million kg in 2010, bu
Published 26 Sep, 2011 08:02am
KSE off 3.6pc on worsening US ties
Top News

KSE off 3.6pc on worsening US ties

KARACHI: Karachi Stocks Exchange (KSE) fell 3.6 percent in early trade on Monday following worsening relations between I
Published 26 Sep, 2011 05:42am
US crude above $80 in Asia
Energy

US crude above $80 in Asia

SINGAPORE: US crude inched above $80 in Asian trade Monday as traders took heart from the eurozone's indication they wou
Published 26 Sep, 2011 04:47am
US crude above $80 in Asia
Energy

US crude above $80 in Asia

SINGAPORE: US crude inched above $80 in Asian trade Monday as traders took heart from the eurozone's indication they wou
Published 26 Sep, 2011 04:47am
Rupee - sanity to prevail
BR Research

Rupee - sanity to prevail

Recent slippage in the value of the Pakistani rupee has fanned chatter over the possibility of a significant fall in the value of the local
Published 26 Sep, 2011 12:00am
Cement comes back
BR Research

Cement comes back

The cement industry is off to a promising start in FY12. The ongoing fiscal year may turn out to be better than the last when local cement d
Published 26 Sep, 2011 12:00am
Alert! Emerging markets
BR Research

Alert! Emerging markets

The recently published IMF World Economic Outlook (WEO) trimmed the projection of the global growth to 4 percent in 2012 from over 5 percent
Published 26 Sep, 2011 12:00am
Pakistan has nothing to do with Haqqani network: Malik

Pakistan has nothing to do with Haqqani network: Malik

Interior Minister Rehman Malik on Sunday rejected United States allegations against Pakistan pertaining to Haqqani Network saying the network was created and trained by Central Intelligence Agency (CIA).
Published 26 Sep, 2011 12:00am
PN continues flood relief operation

PN continues flood relief operation

Pakistan Navy has continued its efforts with all resources to provide relief goods to the flood affectees in various districts of the province. "Relief teams are providing basic provisions and relief goods to the affectees and medical teams comprising doc
Published 26 Sep, 2011 12:00am
Man killed in firing

Man killed in firing

A man was killed in firing in Sohbatpur Tehsil of Jaffarabad district. "Unknown armed men opened fire at a man in area within PS RD-298 Sohbatpur, killing him," police said on Sunday. The victim was identified as Abdul Karim.
Published 26 Sep, 2011 12:00am
Cotton crop estimates may be lowered on heavy loss by rains, floods

Cotton crop estimates may be lowered on heavy loss by rains, floods

Although, the chain of monsoon rains has broken and last week there were no significant rains reported from any cotton areas of Punjab or Sindh provinces but the alarming situation in Sindh is that the standing water in the cotton crop which partly consis
Published 26 Sep, 2011 12:00am
Cotton crop estimates may be lowered on heavy loss by rains, floods

Cotton crop estimates may be lowered on heavy loss by rains, floods

Although, the chain of monsoon rains has broken and last week there were no significant rains reported from any cotton areas of Punjab or Sindh provinces but the alarming situation in Sindh is that the standing water in the cotton crop which partly consis
Published 26 Sep, 2011 12:00am
Power shortfall rises

Power shortfall rises

The gap between electricity demand and supply widened by further 500 MW as production of major source of power generation, hydel power houses, decreased by 500 MW on Sunday after fall in river water flow of mighty Indus and Jhelum at the end of monsoon sy
Published 26 Sep, 2011 12:00am
Container comes under attack in Mach

Container comes under attack in Mach

Unknown armed men opened fire at a container of a private company in Mach. "Unidentified gunmen riding bike opened fire at a container of a private goods company in Gaptani area," police told on Sunday. Due to the firing, the vehicle caught fire while the
Published 26 Sep, 2011 12:00am
Nadra sets up six centres to issue Watan Cards

Nadra sets up six centres to issue Watan Cards

The National Database and Registration Authority (Nadra) has established 6 (six) centres here to issue 'Watan Cards' to the flood affectees. An official of Nadra told APP here on Sunday that they have planned to issue 'Watan Cards' to 0.3 million families
Published 26 Sep, 2011 12:00am
Shortage of sacrificial animals on Eid feared

Shortage of sacrificial animals on Eid feared

Former Chairman of Pakistan Tanners Association, Khawaja Muhammad Abdullah has said that there would be acute shortage of sacrificial animals on the eve of Eid-ul-Azha and leather industry would come to an end if the government fails to stop smuggling of
Published 26 Sep, 2011 12:00am
Post-flood scenario: child malnutrition at dangerous level in Sindh

Post-flood scenario: child malnutrition at dangerous level in Sindh

Inability of the flood victims to harvest swamped crops once again is feared to intensify child malnutrition in Sindh. "Children in Badin and Khairpur are in desperate need of nutritious food to help them survive this second disaster," said Alexander Dave
Published 26 Sep, 2011 12:00am
Updating voters' lists: EC urged to extend date

Updating voters' lists: EC urged to extend date

Sindh Government has requested Election Commission of Pakistan to extend the last date for updating voters lists by least one and half months so that no person especially from flood affected areas of Sindh is left unregistered.
Published 26 Sep, 2011 12:00am
International moot on food security from November 14

International moot on food security from November 14

The National Institute of Food Science & Technology, University of Agriculture, Faisalabad (UAF), will organise an international conference on 'Emerging Issues in Food Safety, here from November 14 to 16. According to a spokesman of the UAF, the objective
Published 26 Sep, 2011 12:00am
Woman among four killed in city

Woman among four killed in city

At least four persons including a woman were killed in separate incidents at various parts of the metropolis here on Sunday. According to the police and the rescuers, a man was shot dead at Railway Colony Malir within the limits of Malir City police stati
Published 26 Sep, 2011 12:00am
Seminar on political reforms held

Seminar on political reforms held

THINK! conducted a seminar on Political Reforms, presided over by former CJP Saiduzzaman Siddiqui, in a local hotel here today, in their drive titled Our future - Our ideology.
Published 26 Sep, 2011 12:00am
Four blasts kill 17 in Iraq's Kerbala

Four blasts kill 17 in Iraq's Kerbala

Four successive blasts hit the Iraqi city of Kerbala on Sunday, killing at least 17 people and wounding dozens more outside a local government building in an attack officials blamed on al Qaeda affiliates. The first bomb ripped through a crowd of guards a
Published 26 Sep, 2011 12:00am
Suicide bomber attacks church in Indonesia

Suicide bomber attacks church in Indonesia

A suspected suicide bomber attacked a church on Indonesia's Java island on Sunday, killing himself and injuring 17 people, police said. "Only the suspected suicide bomber killed in the attack," said police spokesman Boy Rafli Amar in the city of Solo, Cen
Published 26 Sep, 2011 12:00am
Russia's finance chief rebels over Putin plan

Russia's finance chief rebels over Putin plan

Russia's finance minister rebelled on Sunday against Vladimir Putin's plan to make President Dmitry Medvedev his prime minister if he returns to the Kremlin by saying he would not serve in the next government. Foreign investors were alarmed by Alexei Kudr
Published 26 Sep, 2011 12:00am
'Broken' ties with Israel may become norm for Turkey: Prime Minister

'Broken' ties with Israel may become norm for Turkey: Prime Minister

Turkey's Prime Minister Recep Tayyip Erdogan declared Sunday that his country's "broken" relations with Israel can only be mended if the Jewish state stops blocking aid flotillas and ends the embargo of Gaza. Erdogan said Turkey had been exceedingly patie
Published 26 Sep, 2011 12:00am
BBC News, Al Jazeera take online journalism honours

BBC News, Al Jazeera take online journalism honours

BBC News, Al Jazeera and The Los Angeles Times scooped up the top prizes as the Online News Association (ONA) handed out its annual awards on Saturday. Canadian newspaper The Globe and Mail, Argentina's La Nacion, France's OWNI and Germany's Zeit Online w
Published 26 Sep, 2011 12:00am
French left seizes Senate majority, hurts Sarkozy

French left seizes Senate majority, hurts Sarkozy

French President Nicolas Sarkozy's conservative government lost its majority in the Senate to the left on Sunday, officials said, in a historic defeat that deals him a blow just seven months before a presidential election.
Published 26 Sep, 2011 12:00am
15 dead as militants attack in Philippines

15 dead as militants attack in Philippines

Thirteen assailants and two soldiers were killed when a little-known Islamic militant group attacked a military outpost in the lawless southern Philippines on Sunday, the army said. About 50 men attacked the Marine outpost on the strife-torn island of Jol
Published 26 Sep, 2011 12:00am
Bridge kills five travelling on roof of Indian train

Bridge kills five travelling on roof of Indian train

Five young men travelling on top of an overnight train in western India were killed on Sunday when they slammed into a bridge. The men, all in their early 20s, were on the roof of the Gwalior-Udaipur Express on their way to sit a village accountancy exam
Published 26 Sep, 2011 12:00am
Hezbollah leader could get military tribunal in US

Hezbollah leader could get military tribunal in US

US counterterrorism officials say the Obama administration is considering a military trial in the United States for a Hezbollah commander now detained in Iraq. That's a potential prosecution strategy that has failed before but may offer a solution to a di
Published 26 Sep, 2011 12:00am
Abbas says no talks without Israeli settlement freeze

Abbas says no talks without Israeli settlement freeze

Palestinian President Mahmoud Abbas repeated on Sunday his refusal to talk with Israel without a settlement freeze after international mediators, responding to his United Nations bid for statehood, urged negotiations within a month.
Published 26 Sep, 2011 12:00am
Libya finds mass grave from 1996 massacre

Libya finds mass grave from 1996 massacre

Libya's interim rulers said on Sunday they had found a mass grave containing the bodies of 1,270 inmates killed by Muammar Qadhafi's security forces in a 1996 massacre at a Tripoli prison. To the east of the capital, Nato bombers hammered the city of Sirt
Published 26 Sep, 2011 12:00am
Syria sends troop reinforcements to Homs area

Syria sends troop reinforcements to Homs area

Syria pressed on with a crackdown on anti-regiment dissent Sunday, dispatching troop reinforcements to the flashpoint province of Homs and security forces near Damascus, activists said. "Military reinforcements were sent to Rastan, deploying around the bu
Published 26 Sep, 2011 12:00am
Oman to hold elections on October 15

Oman to hold elections on October 15

More than 1,000 candidates, among them 77 women, will compete in Oman's consultative council elections to be held on October 15, the sultanate's deputy interior minister told reporters Sunday. Mohammed al-Bousaidi urged all eligible voters to confirm thei
Published 26 Sep, 2011 12:00am
Former Northern Ireland guerrilla leader Gusty Spence dies

Former Northern Ireland guerrilla leader Gusty Spence dies

Northern Ireland's Gusty Spence, a former paramilitary leader turned peacemaker, died on Sunday at the age of 78. One of the founding members of the pro-British Ulster Volunteer Force (UVF), an organisation responsible for hundreds of murders in the Briti
Published 26 Sep, 2011 12:00am
Yemen's Saleh calls for early Elections

Yemen's Saleh calls for early Elections

Yemeni President Abdullah Ali Saleh called for early elections on Sunday in his first speech since returning to Yemen but his latest peace formula is unlikely to appease protesters who want nothing less than his immediate departure.
Published 26 Sep, 2011 12:00am
Global worries cut forecasts for Canada bond yield rise

Global worries cut forecasts for Canada bond yield rise

Canadian government bond yields will edge higher into 2012, but more slowly than previously thought as fears about global growth keep official interest rates low, respondents to a Reuters poll say. Economists and fixed-income strategists surveyed this wee
Published 26 Sep, 2011 12:00am
Global worries cut forecasts for Canada bond yield rise

Global worries cut forecasts for Canada bond yield rise

Canadian government bond yields will edge higher into 2012, but more slowly than previously thought as fears about global growth keep official interest rates low, respondents to a Reuters poll say. Economists and fixed-income strategists surveyed this wee
Published 26 Sep, 2011 12:00am
Middle East markets: Global woes, oil weigh, Egypt at 30-month low

Middle East markets: Global woes, oil weigh, Egypt at 30-month low

Egypt's bourse slumped to a 30-month low on Sunday, leading a regional decline, with pressured world stocks dampening sentiment and a sharp decline in oil prices threatening local fundamentals. Egypt's main index fell 2.4 percent to its lowest close since
Published 26 Sep, 2011 12:00am
Weak lira fuels Turkish export boom

Weak lira fuels Turkish export boom

Having the worst-performing currency among major emerging market economies is not a recommendation for portfolio investors in Turkey, but it is proving a big plus for the country's exporters. The lira has weakened by about 16 percent against the dollar an
Published 26 Sep, 2011 12:00am
London facing another hectic week after slump

London facing another hectic week after slump

The British stock market faces the prospect of further hectic trade next week, following a dizzying plunge over the past five days that was sparked by concerns of a new global economic downturn. The FTSE 100 index of leading shares slumped 5.62 percent ov
Published 26 Sep, 2011 12:00am
Emerging markets face capital flight again

Emerging markets face capital flight again

A sell-off precipitated by global recession fears and the deepening eurozone debt crisis has resurrected the spectre of capital flight, a threat that still haunts emerging markets for all their vaunted strengths.
Published 26 Sep, 2011 12:00am
Emerging markets face capital flight again

Emerging markets face capital flight again

A sell-off precipitated by global recession fears and the deepening eurozone debt crisis has resurrected the spectre of capital flight, a threat that still haunts emerging markets for all their vaunted strengths.
Published 26 Sep, 2011 12:00am
Wall Street Weekahead: earnings calls wake up to Wall Street pain

Wall Street Weekahead: earnings calls wake up to Wall Street pain

Earnings forecasts for US companies are starting to feel the pain on Wall Street and in the broader economy as the odds of another recession rise. Intense fear that global debt issues and stagnant growth cannot be resolved has pummelled market confidence
Published 26 Sep, 2011 12:00am
Tokyo investors to weigh eurozone debt, US data

Tokyo investors to weigh eurozone debt, US data

Tokyo stocks are likely to remain under pressure next week due to ongoing worries over the US economy and the European debt crisis, analysts said Thursday. During the three-day week to September 22, the benchmark Nikkei 225 index at the Tokyo Stock Exchan
Published 26 Sep, 2011 12:00am
Asia ETF risk under watch after UBS rogue trades

Asia ETF risk under watch after UBS rogue trades

The rogue trades that cost UBS $2.3 billion have turned attention to certain trading instruments that may carry risks unique to Asia. Banks across the region, which have been busy peddling Asia-focused exchange traded funds (ETFs), are now scrambling to e
Published 26 Sep, 2011 12:00am
Brazil move to check foreign exchange slide unlikely soon

Brazil move to check foreign exchange slide unlikely soon

Brazil's central bank is unlikely to act soon to limit a slide in the real that has seen the Brazilian currency fall to its weakest in 13 months. Capital flows to the country are strong and the economy is more stable than it was when the central bank last
Published 26 Sep, 2011 12:00am
BAE may cut 3,000 jobs as Typhoon jet output slows

BAE may cut 3,000 jobs as Typhoon jet output slows

British defence giant BAE Systems is set to announce up to 3,000 job losses as it struggles to secure new orders for the Eurofighter Typhoon combat jet and slows deliveries to the project's existing customers amid cuts to defence budgets, British media re
Published 26 Sep, 2011 12:00am
Boeing hands over first 787 Dreamliner to ANA

Boeing hands over first 787 Dreamliner to ANA

Boeing's long-awaited 787 Dreamliner became a commercial reality on Sunday when the US planemaker signed a final contract to deliver the world's first lightweight composites jetliner to its Japanese customer.
Published 26 Sep, 2011 12:00am
BRICS struggle again to act together

BRICS struggle again to act together

A group of five leading emerging economies that has banded together to increase their global clout is again struggling to find common ground. Expectations the so-called BRICS - Brazil, Russia, India, China and South Africa - would come up with a collectiv
Published 26 Sep, 2011 12:00am
Obama seeks to shore up black support in jobs push

Obama seeks to shore up black support in jobs push

President Barack Obama urged black leaders on Saturday to "stop complaining" and help him push his jobs plan through the US Congress, as he sought to bolster his eroding support in the black community amid concern over high unemployment.
Published 26 Sep, 2011 12:00am
White House sees October vote on US jobs bill

White House sees October vote on US jobs bill

US President Barack Obama's administration is expecting Congress to vote on his sweeping jobs bill in October, a senior advisor said Sunday, dismissing talk of discord over the bill among Democrats.
Published 26 Sep, 2011 12:00am
Qatar says oil market well supplied, EU crisis a worry

Qatar says oil market well supplied, EU crisis a worry

The global oil market is well supplied but European debt problems are a big concern for producers, Qatar's energy Minister Mohammed Saleh al-Sada said on Sunday. "Supply is at a good standing. Demand will continue to be affected by economic growth interna
Published 26 Sep, 2011 12:00am
Russia, Ukraine make progress in gas talks

Russia, Ukraine make progress in gas talks

Russia and Ukraine made "significant progress" in talks on gas supplies at a meeting between Presidents Dmitry Medvedev and Viktor Yanukovich late on Saturday, Yanukovich's office said on Sunday. Ukraine says it is paying too much under a current gas supp
Published 26 Sep, 2011 12:00am
Protesters against corporate greed arrested in New York

Protesters against corporate greed arrested in New York

Police arrested scores of people taking part in a march on Saturday by several hundred protesters through the streets of lower Manhattan, the latest in a series of demonstrations in the past week against what they called corporate greed on Wall Street.
Published 26 Sep, 2011 12:00am
IMF urges ECB to play bigger crisis-fighting role

IMF urges ECB to play bigger crisis-fighting role

A top IMF official on Sunday said the European Central Bank was the only player powerful enough to "scare" financial markets and keep the eurozone's debt crisis from further damaging the global economy.
Published 26 Sep, 2011 12:00am
Kuwait passes anti-corruption draft law

Kuwait passes anti-corruption draft law

Kuwait's cabinet passed an anti-corruption draft law on Sunday, which includes articles on financial disclosure and money laundering, with penalties of up to seven years in prison, the state news agency KUNA reported. The crimes covered by the law include
Published 26 Sep, 2011 12:00am
Southeast Asia sets up fund in integration step

Southeast Asia sets up fund in integration step

Southeast Asian nations launched a nearly $500 million fund Saturday to build infrastructure, pooling resources in hopes of closing the gap between the dynamic region and major wealthy economies.
Published 26 Sep, 2011 12:00am
Southeast Asia sets up fund in integration step

Southeast Asia sets up fund in integration step

Southeast Asian nations launched a nearly $500 million fund Saturday to build infrastructure, pooling resources in hopes of closing the gap between the dynamic region and major wealthy economies.
Published 26 Sep, 2011 12:00am
Week of trials ahead for both Greece and the euro

Week of trials ahead for both Greece and the euro

Greece and the euro head for a week of trials from Monday as European and IMF experts return to Athens for a fiscal audit that will decide if the debt-hit country can escape default next month.
Published 26 Sep, 2011 12:00am
Kuwait court rules Zain AGM void, firm to appeal

Kuwait court rules Zain AGM void, firm to appeal

A Kuwaiti court ruled Zain's April annual shareholders meeting invalid on Sunday, upholding a case brought by a former board member who opposed the election process but a company source said the decision will not derail the sale of Zain's Saudi stake. In
Published 26 Sep, 2011 12:00am
Dubai's 2010 real GDP up 2.8 percent

Dubai's 2010 real GDP up 2.8 percent

Dubai's economy expanded by 2.8 percent in real terms last year, faster than previously expected, as growth in trade and the retail sector helped it recover from its contraction in 2009, preliminary data showed on Sunday. One of the seven United Arab Emir
Published 26 Sep, 2011 12:00am
Juve, Udinese share lead after draws

Juve, Udinese share lead after draws

Turin giants Juventus share the Serie A lead with Udinese after both earned a point from away fixtures on Sunday while Genoa lost 2-1 at Chievo. Juve are top on goals scored following a 1-1 draw at Catania while Udinese were held 0-0 away to Cagliari.
Published 26 Sep, 2011 12:00am
Tsonga wins in Metz

Tsonga wins in Metz

French world number 10 Jo-Wilfried Tsonga won his first title in two years on Sunday when he defeated Croatia's Ivan Ljubicic 6-3, 6-7 (4/7), 6-3 in the Metz ATP final. Tsonga, a finalist at Rotterdam and Queen's this year, last took a tour trophy in Toky
Published 26 Sep, 2011 12:00am
Fan dies in fall from VIP box at Peru derby

Fan dies in fall from VIP box at Peru derby

A 23-year-old fan died after falling 30 metres from a executive box at the end of a Peruvian derby marred by crowd trouble, the Alianza Lima club said Sunday.
Published 26 Sep, 2011 12:00am
Dunne own goal rescues a point for QPR

Dunne own goal rescues a point for QPR

QPR snatched a dramatic 1-1 draw against Aston Villa as Richard Dunne scored an own goal in stoppage time at Loftus Road on Sunday. Neil Warnock's side looked set to suffer a controversial defeat when Villa took the lead through Barry Bannan's spot-kick a
Published 26 Sep, 2011 12:00am
Makau sets new world record, Gebrselassie flops

Makau sets new world record, Gebrselassie flops

Kenya's Patrick Makau set a new world record in the marathon here on Sunday winning the Berlin Marathon in an official time of 2hr 03min 38sec. The 26-year-old defending champion smashed the old mark of 2hr 03:59 set by Ethiopian legend Haile Gebrselassie
Published 26 Sep, 2011 12:00am
Barcelona approves Qatar shirt sponsorship deal

Barcelona approves Qatar shirt sponsorship deal

Barcelona has approved a contested shirt sponsorship deal with the non-profit Qatar Foundation worth 171 million euros at a general assembly by a wide margin.
Published 26 Sep, 2011 12:00am
Yasir Hameed smashes ton as Abbotabad bulldoze Quetta in Twenty20 opener

Yasir Hameed smashes ton as Abbotabad bulldoze Quetta in Twenty20 opener

Opener Yasir Hameed smashed a superb hundred as Abbotabad Falcons thrashed a youthful Quetta Bears by 72 runs in the inaugural match of National T20 Cup Cricket Tournament at National Stadium here on Sunday. Yasir, who was part of Pakistan team for last y
Published 26 Sep, 2011 12:00am
Lady Gaga to perform at Delhi's first F1 Grand prix

Lady Gaga to perform at Delhi's first F1 Grand prix

American pop sensation Lady Gaga has been signed up to play at India's inaugural Formula One race next month, which will be held a newly-built circuit outside the capital New Delhi. The colourful diva will perform at a concert after the Indian Grand Prix
Published 26 Sep, 2011 12:00am
Last-gasp Europe win Solheim Cup thriller

Last-gasp Europe win Solheim Cup thriller

Europe regained the Solheim Cup in thrilling fashion with a last gasp 15-13 victory over the USA at Killeen Castle on Sunday. It all came down to the last three singles matches, and they all went in Europe's favour with Azahara Munoz clinching the vital p
Published 26 Sep, 2011 12:00am
Miandad shocked over PCB attitude

Miandad shocked over PCB attitude

Former Pakistan captain Javed Miandad was shocked over the treatment of Pakistan Cricket Board (PCB) for sending him Chairman box 'B' passes for the National T20 cup which commenced here on Sunday at National Stadium. "I was surprised to receive Chairman
Published 26 Sep, 2011 12:00am
It's tough at the top, says Wozniacki

It's tough at the top, says Wozniacki

Caroline Wozniacki Sunday admitted she found it tough trying to stay at the top after nearly a year as world number one, as she prepared to defend her Pan Pacific Open title in Tokyo. Wozniacki is among seven of the world's top 10 players - including the
Published 26 Sep, 2011 12:00am
Sharapova admits Japan fears

Sharapova admits Japan fears

World number two Maria Sharapova Sunday admitted to concerns about playing in the Pan Pacific Open in Japan after the March earthquake-tsunami sparked the worst nuclear accident since Chernobyl. But the popular Russian said that the presence of seven of t
Published 26 Sep, 2011 12:00am
Zimbabwe 'match-fixers' face ban: FIFA

Zimbabwe 'match-fixers' face ban: FIFA

FIFA security chief Chris Eaton warned Sunday that there will be no amnesty if Zimbabwe footballers and officials are found guilty in an ongoing probe into alleged match-fixing on a tour of Asia. "There is no amnesty, not today," Eaton told the Sunday Mai
Published 26 Sep, 2011 12:00am
Kashiwa fail to grasp J-League lead

Kashiwa fail to grasp J-League lead

Kashiwa Reysol failed to take advantage of Gamba Osaka's shock defeat as they suffered a 3-1 reverse on Sunday to struggling Omiya Ardija in a weekend of surprises in the J-League. Kashiwa were trailing league leaders Gamba by a point after Ventforet Kofu
Published 26 Sep, 2011 12:00am
Basel watchdog optimistic about bank surcharge

Basel watchdog optimistic about bank surcharge

Global bank regulators are committed to reaching a deal on a capital surcharge for big banks next week, the secretary-general of the Basel committee said on September 22. Banks have protested that forcing big lenders to hold larger capital buffers will pu
Published 26 Sep, 2011 12:00am
De Beers to move its London gem works to Botswana

De Beers to move its London gem works to Botswana

Botswana and De Beers signed a 10-year deal that will see the world's leading producer of diamonds moving its rough stone sorting and trading division from London to Gaborone, an official said.
Published 26 Sep, 2011 12:00am
Lufthansa eyes Latin America for growth

Lufthansa eyes Latin America for growth

German airline Lufthansa will take advantage of strong economic performance in Latin America at a time when its businesses elsewhere are under pressure, a senior executive said on September 21. The airline industry as a whole has been hit by a fragile glo
Published 26 Sep, 2011 12:00am
Standard Chartered India plans to double private bank assets by 2014

Standard Chartered India plans to double private bank assets by 2014

Standard Chartered expects assets under management at its Indian private banking business to double by 2014, said the unit's country head, though stiff competition will continue to exert pressure on the fees charged by the sector players.
Published 26 Sep, 2011 12:00am
UBS bank's revamp after trading scandal to take years

UBS bank's revamp after trading scandal to take years

Reorganising the investment bank at UBS will take two to three years to complete, its chairman said on Sunday, a day after Chief Executive Oswald Gruebel quit over the $2.3 billion rogue trading scandal.
Published 26 Sep, 2011 12:00am
ANZ targets cost caps to drive Australia profits

ANZ targets cost caps to drive Australia profits

Australia and New Zealand Banking Group will focus on cost controls and trimming the total workforce in Australia over the next few years as core banking growth slows, driving lenders to manage costs, a senior ANZ executive told Reuters.
Published 26 Sep, 2011 12:00am
GM bets on fast-growing China auto market

GM bets on fast-growing China auto market

General Motors said on September 21 that China would be the world's fastest growing auto market over the next decade, as it unveiled its latest bid to give it a greater slice of the clean energy vehicle segment.
Published 26 Sep, 2011 12:00am
ArcelorMittal says India, Brazil its immediate growth targets

ArcelorMittal says India, Brazil its immediate growth targets

The world's largest steelmaker ArcelorMittal says India and Brazil are "immediate" growth targets for the company. "We expect continued growth in steel consumption in the developing world," ArcelorMittal chairman and chief executive Lakshmi Mittal said in
Published 26 Sep, 2011 12:00am
Tencent to launch 'super' e-commerce website soon

Tencent to launch 'super' e-commerce website soon

China's largest Internet firm Tencent Holdings said on September 22 it will launch a "super" e-commerce platform next month that will integrate its different social networking products and e-commerce initiatives into one website.
Published 26 Sep, 2011 12:00am
US libraries lend digital books to Kindle readers

US libraries lend digital books to Kindle readers

Thousands of US libraries on September 21 began lending digital books over the Internet for reading on Amazon's popular Kindle devices. Amazon said more than 11,000 libraries throughout the United States have added Kindle books to virtual shelves at their
Published 26 Sep, 2011 12:00am
Tanzania's Vodacom hits 10 million subscribers

Tanzania's Vodacom hits 10 million subscribers

Vodacom Tanzania, part of South Africa's Vodacom Group, increased its users to 10 million this month from nine million in March this year, it said on September 19. Ranked the largest mobile phone operator in east Africa's second biggest economy, Vodacom s
Published 26 Sep, 2011 12:00am
Apple to launch new iPhone on October 4

Apple to launch new iPhone on October 4

Apple is to launch its next generation iPhone on October 4, according to a report on September 21 on the Wall Street Journal's technology blog, AllThingsDigital. The introduction of the new iPhone model is seen as a crucial moment for Apple, which is faci
Published 26 Sep, 2011 12:00am
South Korea tops in Internet download speed: study

South Korea tops in Internet download speed: study

South Korea has the world's top Internet download speeds followed by Romania, Bulgaria, Lithuania and Latvia, according to a study released on September 20. The United States placed just 26th in the analysis of the speed of world-wide Internet connections
Published 26 Sep, 2011 12:00am
Philippines urges students to take technology related courses

Philippines urges students to take technology related courses

Filipino students were urged on September on 19 to take courses related to information technology in order to land jobs amid high unemployment in the country. Department of Labour and Employment Secretary Rosalinda Baldoz said there are a lot of job oppor
Published 26 Sep, 2011 12:00am
Smartphone radiation gauge unveiled

Smartphone radiation gauge unveiled

Japan's top mobile phone operator NTT DoCoMo is to unveil a smartphone with changeable "jackets" that measure bad breath, body fat and even radiation levels. DoCoMo says it has developed technology that allows users to measure their own bodies or surround
Published 26 Sep, 2011 12:00am
Samsung starts new chip line to boost flash memory

Samsung starts new chip line to boost flash memory

Samsung Electronics, the world's largest memory chip maker, said on September 22 it has begun mass production at a new line to raise production of flash memory chips used in tablets and smartphones. The South Korean firm also announced it has started mass
Published 26 Sep, 2011 12:00am
Facebook 'App Economy' creates 182,000 US jobs

Facebook 'App Economy' creates 182,000 US jobs

The ecosystem of applications built for Facebook has created at least 182,000 jobs and contributes billions of dollars in wages and benefits to the US economy, according to a study published on September 19. The study by the University of Maryland's Rober
Published 26 Sep, 2011 12:00am
Google+ social network opens to the world

Google+ social network opens to the world

Google opened its Google+ social network to the world on September 20, dropping the need for an invitation to join the Internet giant's rival to Facebook. "For the past 12 weeks we've been in field trial, and during that time we've listened and learned a
Published 26 Sep, 2011 12:00am
Web giant debuts mobile payment system Google Wallet

Web giant debuts mobile payment system Google Wallet

Google introduced its new mobile payments system on September 19, allowing people to pay for purchases simply by waving their smartphones at the cash register. The Google Wallet stores people's credit card information, coupons and discount cards on smartp
Published 26 Sep, 2011 12:00am
Fashion app brings window shopping to the iPhone

Fashion app brings window shopping to the iPhone

Women on the hunt for a killer pair of heels or new handbag have endless options when shopping online. But Snapette, a new photo-sharing app for the iPhone, is now making it possible to browse the inventory of local boutiques for the latest fashion, bring
Published 26 Sep, 2011 12:00am
Lung cancer linked to risk of stroke

Lung cancer linked to risk of stroke

People recently diagnosed with lung cancer are at higher risk of having a stroke than those without lung tumours, suggests a large new study from Taiwan. Researchers looking at data covering more than 150,000 adults found that among those with lung cancer
Published 26 Sep, 2011 12:00am
Missing global heat may hide in deep oceans

Missing global heat may hide in deep oceans

The mystery of Earth's missing heat may have been solved: it could lurk deep in oceans, temporarily masking the climate-warming effects of greenhouse gas emissions, researchers reported. Climate scientists have long wondered where this so-called missing h
Published 26 Sep, 2011 12:00am
Whooping cough vaccine fades after 3 years: study

Whooping cough vaccine fades after 3 years: study

The vaccine for whooping cough commonly administered to young children loses its effectiveness after three years, according to the preliminary results of a new US study. The results released on September 19 come from a survey of 15,000 children in Marin C
Published 26 Sep, 2011 12:00am
Chronic diseases to cost $47 trillion by 2030: WEF

Chronic diseases to cost $47 trillion by 2030: WEF

The global economic impact of the five leading chronic diseases - cancer, diabetes, mental illness, heart disease, and respiratory disease - could reach $47 trillion over the next 20 years, according to a study by the World Economic Forum (WEF).
Published 26 Sep, 2011 12:00am
New bird flu outbreak reported in India

New bird flu outbreak reported in India

Authorities in eastern India will start culling chickens and destroying eggs to contain a new outbreak of H5 bird flu, the government said in a statement on September 24, as a mutant strain of the virus is spreading elsewhere in Asia. Surveillance was ste
Published 26 Sep, 2011 12:00am
Humanity falls deeper into ecological debt: study

Humanity falls deeper into ecological debt: study

Humankind will slip this week into ecological debt, having gobbled up in less then nine months more natural resources than the planet can replenish in a year, researchers said on September 20. The most dominant species in Earth's history, in other words,
Published 26 Sep, 2011 12:00am
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