News Archives for Latest - 2011-09-27

North America

Suspended US immigration chief in Miami arrested

MIAMI : The suspended chief of the US Immigration and Customs Enforcement office in Miami was arrested on Tuesday, jai

Published 27 Sep, 2011 11:26pm

Financial

CFTC to consider limits at Oct 18 meeting

WASHINGTON : The US futures regulator, behind schedule on completing new financial reform measures, is expected to

Published 27 Sep, 2011 11:14pm

Business & Finance

China dedicates for Media University: Firdous

ISLAMABAD : Federal Minister for Information Dr. Firdous Ashiq Awan said on Tuesday that China had dedicated its embas

Published 27 Sep, 2011 10:47pm

Business & Finance

CM congratulates China on 62nd National Day

RAWALPINDI : Punjab Chief Minister Muhammad Shahbaz Sharif on Tuesday attended a function in Chinese embassy, Islamab

Published 27 Sep, 2011 10:36pm

Top News

Pakistan not to allow space to terrorists: Khar

UNITED NATIONS: Reaffirming its commitment to eliminate terrorism, Pakistan told the UN General Assembly Tuesday th

Published 27 Sep, 2011 10:21pm

Industries & Sectors

Auction held on professional tax, waterways Rs4.6mn

MUZAFFARGARH: The district government on Tuesday auctioned waterway for fish netting and professional tax contracts for

Published 27 Sep, 2011 09:03pm

Middle East

Yemen defence minister survives in attack

ADEN : Yemen 's defence minister survived a suicide bomb attack on his convoy in the south on Tuesday, while thousan

Published 27 Sep, 2011 08:44pm

World

Peru puts pressure on miner Southern Copper

LIMA : Authorities in the Peruvian region of Tacna have decided to ask the national government to revoke the water lic

Published 27 Sep, 2011 08:19pm

Industry

Russia abandons orders of Kalashnikov AK-74

CHEBARKUL: Russia has abandoned new purchases of its popular AK-74 automatic rifle its top general said on Tuesday, di

Published 27 Sep, 2011 08:03pm

Europe

Putin's to return Kremlin could dark Russia-US ties

MOSCOW : Vladimir Putin's decision to return to the Kremlin will strain Russia 's fragile relations with the United

Published 27 Sep, 2011 07:46pm

Europe

NATO troops hurt in Kosovo clash

MITROVICA: At least 16 Kosovo Serbs and four NATO troops were injured in clashes at a disputed Kosovo-Serbian border cro

Published 27 Sep, 2011 07:24pm

Top News

Brazil inflation fight as strikes spread

BRASILIA: Brazil cut a gas tax and bank workers joined a growing wave of strikes over wages on Tuesday, underscoring pri

Published 27 Sep, 2011 06:58pm

Financial

Markets float by macro sentiment

NEW YORK : Soft commodity futures jumped on Tuesday as investor sentiment perked up on news that Europe is coming to g

Published 27 Sep, 2011 06:35pm

Business & Finance

Dry weather expected in next 24 hours

KARACHI : The Met Office on Tuesday forecast that mainly dry weather was expected to remain countrywide in the next 2

Published 27 Sep, 2011 05:58pm

Business & Finance

Two more fall prey to Dengue virus; toll rises to 101

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Published 27 Sep, 2011 05:54pm

Markets

Warid launches international roaming service

KARACHI : Warid Telecom (PVT) Ltd., recently launched its new International roaming service ‘Roam Info’. This short

Published 27 Sep, 2011 05:44pm

Markets

Ufone offers inter-bank funds transfer facility

KARACHI : Ufone has introduced Funds Transfer facility, a one of its kind service in collaboration with Habib Bank Ltd.

Published 27 Sep, 2011 05:29pm

Industries & Sectors

SCALP Conference 2011 at Marriott Hotel on 1st October

KARACHI : Terrabiz is organizing Supply Chain and Logistics Pakistan (SCALP) Conference 2011 under the theme of “Putting

Published 27 Sep, 2011 05:04pm

Top News

Pakistan pushes back against US charges, woos China

ISLAMABAD: Pakistan warned the United States on Tuesday to stop accusing it of playing a double game with militants and,

Published 27 Sep, 2011 04:37pm

Business & Finance

Zardari orders to give 10,000 houses to flood victims

NAWABSHAH: On the directives of President Asif Ali Zardari 10,000 houses would be constructed for the rain hit people in

Published 27 Sep, 2011 04:37pm

Top News

PIA plane made emergency landing

MULTAN : Pakistan International Airlines (PIA) Plane PK-369, Boeing-737 ( Islamabad to Karachi ) made an emergency

Published 27 Sep, 2011 04:37pm

Top News

Hafeez Shaikh upbeat on economic performance, sees consolidation ahead

WASHINGTON : Finance Minister Abdul Hafeez Shaikh on Tuesday concluded his visit to Washington with the confidence tha

Published 27 Sep, 2011 04:37pm

Top News

US should recognise Pakistan's sacrifices: Rehman Malik

ISLAMABAD: Minister for Interior, Rehman Malik on Tuesday said Pakistani nation expects that their sacrifices should be

Published 27 Sep, 2011 04:31pm

Business & Finance

Ruet-e-Hilal Committee to meet on Sept.28

KARACHI: Central Ruet-e-Hilal Committee will meet on Wednesday here at Meteorological Department Office (Met Complex), U

Published 27 Sep, 2011 04:28pm

Financial

Bunds slide as markets anticipate new crisis response

LONDON: Bunds extended falls on Tuesday as riskier assets continued their recent recovery on the view that euro zone pol

Published 27 Sep, 2011 03:59pm

Top News

Brazil's central bank says inflation under control

BRASILIA : Brazil 's inflation is under control and will converge toward the center of the government's target in 2012,

Published 27 Sep, 2011 03:59pm

Cricket

Karachi Zebras win on a last thriller in T20 Cup

KARACHI : A solid unbroken 132-run stand between Hasan Raza and Rameez Aziz carried Karachi Zebras to a thrilling six wi

Published 27 Sep, 2011 03:51pm

North America

US home prices unchanged in July

WASHINGTON : US single-family home prices were unchanged in July on a seasonally adjusted basis as the housing market

Published 27 Sep, 2011 02:50pm

Financial

Euro rises for 3rd day, investors look to sell rallies

NEW YORK : The euro rose for a third straight day against the dollar on Tuesday, bolstered by speculation policymakers w

Published 27 Sep, 2011 02:43pm

Top News

President, PM discuss security situation

ISLAMABAD : Prime Minister Syed Yusuf Raza Gilani called on President Asif Ali Zardari at Aiwan-e-Sadr here on Tuesday.

Published 27 Sep, 2011 02:19pm

Top News

Gold bounces back to Rs 48,985

KARACHI: Gold jumped by Rs 728 to close at Rs 48,985 per 10 grams in the local market Tuesday, as its international pric

Published 27 Sep, 2011 02:19pm

Top News

11 children among 16 killed by Afghan bomb: official

KABUL: Sixteen people including 11 children were killed when a bus hit a roadside bomb in western Afghanistan on Tuesday

Published 27 Sep, 2011 02:19pm

Top News

Home Minister briefs Governor about law, order situation

KARACHI: Sindh Governor Dr. Ishratul Ebad has said that consensus has been developed among all political parties on acti

Published 27 Sep, 2011 02:19pm

Top News

State Councilor of China calls on COAS

RAWALPINDI : Meng Jianzhu, State Councilor of China, called on the Chief of Army Staff (COAS), General Ashfaq Parvez Kay

Published 27 Sep, 2011 02:16pm

Top News

SBP conversion rates

KARACHI: The State Bank of Pakistan (SBP) on Tuesday announced the rates applicable for conversion into rupee of Foreign

Published 27 Sep, 2011 02:05pm

Business & Finance

Anti-dengue spray campaign in Jamshed, Lyari

KARACHI: A total of 650 tons of garbage is being dumped in 65 to 70 trucks everyday in day and night shifts in Jamshed T

Published 27 Sep, 2011 02:05pm

Financial

US stocks surge as eurozone debt worries ease

NEW YORK : US stocks opened higher Tuesday to extend the gains of the previous day on hopes that European governments

Published 27 Sep, 2011 01:43pm

Top News

Marble exports touch $76mn mark this year

ISLAMABAD: The marble exports have touched $76 million mark this year and this figure is expected to surpass $100 in the

Published 27 Sep, 2011 01:38pm

Markets

ISE-10 gains 60.27 points

ISLAMABAD : Islamabad Stock Exchange (ISE-10) on Tuesday witnessed bullish trend as the index closed at 2,518.82 wit

Published 27 Sep, 2011 01:34pm

Business & Finance

Al Meezan announces Interim Dividend for Meezan Cash Fund and Meezan Sovereign Fund

KARACHI: Al Meezan Investment Management Limited (Al Meezan) is pleased to announce interim dividends payouts for Meezan

Published 27 Sep, 2011 01:25pm

Business & Finance

Inflated electricity bills issued to flood-hit people

BADIN: Instead of providing any relief to the flood-affected people of Badin district, the Hyderabad Electric Supply Com

Published 27 Sep, 2011 01:21pm

Business & Finance

Rescue 1122 to observe World rabies Day

RAWALPINDI : The Director General, Punjab Emergency Service, Rescue 1122 directed all District Emergency Officers of Pun

Published 27 Sep, 2011 01:12pm

Business & Finance

Sindh Police to donate one day salary in flood relief fund

KARACHI: Sindh Police will donate one day salary in Prime Minister relief fund for the rehabilitation of the flood affec

Published 27 Sep, 2011 01:12pm

Managed Funds

US debt prices drop as risk appetite returns

NEW YORK : US Treasuries prices fell and 30-year bonds dropped over two full points on Tuesday as investors gained con

Published 27 Sep, 2011 01:10pm

Commodities

Gold jumps 3pc on physical buying, soft dollar

LONDON : Gold prices rose more than 3 percent on Tuesday as a drop in the dollar index helped the precious metal snap a

Published 27 Sep, 2011 12:49pm

Business & Finance

Karachi braves shortage of 24 crore gallons of water

KARACHI: Karachiites have so far braved a shortage of 24 crore gallons of water since the last three days because of pow

Published 27 Sep, 2011 12:46pm

Commodities

Tokyo futures up on oil, stocks after sell-off

TOKYO: Tokyo rubber futures rose on Tuesday after a sell-off the previous day, climbing in tandem with oil and stock mar

Published 27 Sep, 2011 12:44pm

Commodities

Wheat, corn up 1pc on supply as drought persists

SINGAPORE: US wheat and corn futures rose more than 1 percent on Tuesday, extending gains amid support from a weaker dol

Published 27 Sep, 2011 12:44pm

Top News

PCG seizes 2500 kg of Hashish: three drug peddlers arrested

KARACHI: Pakistan Coast Guard (PCG), has seized a huge quantity of around 2500 kilograms of Hashish worth of Rs 30 milli

Published 27 Sep, 2011 12:43pm

Commodities

Palm oil bounces as investors hunt for bargains

KUALA LUMPUR : Malaysian palm oil futures bounced up on Tuesday as bargain hunters resurfaced after the market slid to a

Published 27 Sep, 2011 12:37pm

Commodities

Euro zone debt plan hopes boost base metals

LONDON : Copper rebounded on Tuesday from a 14-month low hit in the previous session on renewed expectations that Europe

Published 27 Sep, 2011 12:37pm

Top News

SBP conversion rates

KARACHI: The State Bank of Pakistan (SBP) on Tuesday announced the rates applicable for conversion into rupee of Foreign

Published 27 Sep, 2011 12:31pm

Top News

Tata Communications extends global IP/VPN service into Pakistan

MUMBAI: India's Tata Communications has become one of few global carriers to extend its Global IP/ VPN service offerings

Published 27 Sep, 2011 12:26pm

Financial

German stocks up more than 4.0pc in early afternoon

FRANKFURT : German stocks a continued to gain ground in early afternoon trading, rising by more than 4.0 percent amid

Published 27 Sep, 2011 12:13pm

Financial

Italian stocks jump 4 percent

MILAN : Italian shares jumped by more than four percent on Tuesday in line with other stock markets on investor hopes t

Published 27 Sep, 2011 12:13pm

Industries & Sectors

100 companies to take part in Plasti & Pack 2011

KARACHI: More than 100 companies from 19 countries will participate in 9th Plasti & Pack Pakistan exhibition to be held

Published 27 Sep, 2011 12:12pm

Business & Finance

Pakistan ranks 3rd among countries most dangerous for journalists

TAIPEI : Eighty-two reporters have been killed in the line of duty around the world since early this year, said the Dire

Published 27 Sep, 2011 12:03pm

Business & Finance

Rear Admiral Waseem new PMSA DG

KARACHI : Rear Admiral Waseem Akram SI (KM), S Bt Tuesday assumed duties of Director General Pakistan Maritime Security

Published 27 Sep, 2011 11:55am

Industries & Sectors

Shipping activity at Port Qasim

KARACHI : Two ships C.V MSC Anafi and M.T Baltic carrying containers and furnace oil were berthed at Qasim International

Published 27 Sep, 2011 11:47am

Financial

Indian bond yields edge up; borrowing meet awaited

MUMBAI: Indian federal bond yields inched up on Tuesday as risk taking returned to global markets on expectations Europe

Published 27 Sep, 2011 11:33am

Financial

Investment banks, funds buy Asia FX on dips

SINGAPORE: Emerging Asian currencies bounced on Tuesday, led by the South Korean won and Indonesian rupiah on buying by

Published 27 Sep, 2011 11:33am

Energy

Brent tops $106 on euro zone hope, dollar

LONDON : Oil rose on Tuesday, with Brent crude up by more than $2 to exceed $106 a barrel, as fresh measures discussed b

Published 27 Sep, 2011 11:27am

Managed Funds

US bonds edge lower on hopes for boosted bailout fund

TOKYO : US Treasuries edged lower in Asia on Tuesday as a report that Europe is mulling boosting its bailout fund

Published 27 Sep, 2011 11:27am

Business & Finance

Australia announces $6mn to provide relief to flood hit families

ISLAMABAD: Australian government on Tuesday announced $ 6 million to help provide relief to families affected by monsoon

Published 27 Sep, 2011 10:05am

Industries & Sectors

KFHA to ban transport of trash fish in open trucks to cut down on unhygienic conditions

KARACHI : Karachi Fish Harbour Authority (KFHA) is planning to ban the transportation of trash fish in open trucks

Published 27 Sep, 2011 10:02am

Top News

Spain pays higher rate to raise 3.225bn euro

MADRID: Spain paid sharply higher borrowing rates to raise 3.225 billion euros ($4.3 billion) in new short-term debt Tue

Published 27 Sep, 2011 09:55am

Money & Banking

Goldman Sachs eyes major cuts: Report

NEW YORK: Goldman Sachs is mulling drastic spending cuts as it braces for what could be one of its worst quarterly rep

Published 27 Sep, 2011 09:50am

Top News

Papandreou, Merkel meet for crisis talks

BERLIN: Greek Prime Minister George Papandreou was to meet German Chancellor Angela Merkel for talks here Tuesday on con

Published 27 Sep, 2011 09:40am

World

Chavez orders nationalization of ferry company

CARACAS: Venezuelan President Hugo Chavez has ordered the nationalization of the ferry company operating routes to the n

Published 27 Sep, 2011 09:34am

Financial

Hong Kong shares soar to end 4.15pc higher

HONG KONG: Hong Kong shares surged 4.15 percent Tuesday as global markets rebounded from huge recent losses on bargain b

Published 27 Sep, 2011 09:32am

Financial

World stocks surge on eurozone debt hopes

LONDON: Global stocks rallied for a second day with a strong advance in Europe and Asia on Tuesday on signs that EU and

Published 27 Sep, 2011 09:26am

Energy

Bangladesh finds new 1 tcf gas reserves in onshore field

DHAKA: State-run Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) have discovered an additional 1

Published 27 Sep, 2011 08:51am

Financial

South Africa's Rare slumps, FY losses widens

JOHANNESBURG: Shares of Rare Holdings dive nearly 20 percent as the South African construction materials supplier says i

Published 27 Sep, 2011 08:48am

Managed Funds

UK gilts fall with Bunds as stocks climb, await supply

LONDON: British gilt futures tracked Bunds lower in early trade on Tuesday, as rising hopes that euro zone policymakers

Published 27 Sep, 2011 08:42am

Industries & Sectors

5,583 MW power deficit recorded

ISLAMABAD: The power deficit in the country on Tuesday slightly reduced to 5,583 MW from 5,944 MW as the total power gen

Published 27 Sep, 2011 08:40am

Commodities

Australia Newcastle coal exports fall 15pc in week

PERTH: Thermal coal shipments from Australia's Newcastle port dropped 15 percent in the week ending Sept. 26 to 2.057 mi

Published 27 Sep, 2011 08:39am

Top News

Emirates sees more orders at Dubai airshow: Chairman

DUBAI: Emirates, Dubai's fast-growing state airline, will likely place more orders at the Dubai airshow in November, its

Published 27 Sep, 2011 08:37am

Industry

Gazprom boosts 2011 borrowing and investment plan

MOSCOW: Russian gas giant Gazprom increased its 2011 investment programme by 36 percent to 1.277 trillion roubles ($39.4

Published 27 Sep, 2011 08:32am

Top News

ECB's Bini-don't underestimate impact of Greek default

FRANKFURT: A default for Greece would set a new precedent for a modern advanced economy and would have an impact on coun

Published 27 Sep, 2011 08:28am

Financial

Euro dips; Salgado comments temper debt plan hopes

LONDON: The euro dipped on Tuesday after comments by Spain's economy minister tempered expectations of radical action by

Published 27 Sep, 2011 08:26am

Industries & Sectors

Govt committed to addressing problems of business community

ISLAMABAD: Federal Minister for SAFRON Engineer Shaukatullah Tuesday said the government is committed to addressing the

Published 27 Sep, 2011 08:21am

Commodities

Gold rebounds 2pc after previous day's rout

LONDON: Gold prices extended gains on Tuesday to rise 2 percent as the dollar fell against a basket of currencies, and a

Published 27 Sep, 2011 08:20am

Business & Finance

No solution within Indian constitution acceptable: Farooq Rehmani

ISLAMABAD: The Chairman of Jammu and Kashmir People's Freedom League Muhammad Farooq Rehmani has said that the people of

Published 27 Sep, 2011 08:20am

Middle East

Rights groups welcome Saudi women's right to vote

DUBAI: Advocacy group Human Rights Watch welcomed Saudi Arabia's decision to allow women to vote and run in municipal el

Published 27 Sep, 2011 08:17am

Business & Finance

ECP urges legislators to submit Statement of Assets by Sept 30

ISLAMABAD: Election Commission of Pakistan (ECP) has reminded the legislators to submit their Statement of Assets by Sep

Published 27 Sep, 2011 08:16am

Financial

French stocks open up sharply

PARIS: The Paris stock exchange opened up sharply and surged onwards on Tuesday, buoyed by gains on Wall Street and opti

Published 27 Sep, 2011 08:12am

Cricket

‘Didn't expect Miandad to make an issue for an invitation’

ISLAMABAD: The national Twenty-20 Championship Organising committee head Wazir Ali Khoja said on Tuesday that he didn't

Published 27 Sep, 2011 08:03am

Cricket

Dubai Super Sixes is a fantastic opportunity for local teams: Wasim Akram

ISLAMABAD: Former Pakistan captain Wasim Akram Dubai Super Sixes cricket tournament is a fantastic opportunity for local

Published 27 Sep, 2011 08:02am

Asia

Subway trains crash in China, some casualties: Reports

SHANGHAI: Two subway trains collided in the Chinese city of Shanghai on Tuesday, injuring several passengers, state medi

Published 27 Sep, 2011 08:02am

Top News

Food export increases by 33.53pc in two months

ISLAMABAD: The export of food commodities from the country during the first two months of current financial year registe

Published 27 Sep, 2011 08:00am

Top News

Finance minister's ousting shocks Russia

MOSCOW: The Kremlin on Tuesday faced warnings of trouble for the Russian economy after President Dmitry Medvedev ousted

Published 27 Sep, 2011 07:58am

Financial

German stocks open around 3.0pc higher

FRANKFURT: German stocks opened around 3.0 percent higher on Tuesday following strong gains in Asia as investors became

Published 27 Sep, 2011 07:35am

Asia

Five dead in car bomb near Afghan police HQ

LASHKAR GAH: A suicide car bombing killed five people and wounded two dozen others near a police headquarters in souther

Published 27 Sep, 2011 07:31am

Financial

European stocks soar at open

LONDON: European stock markets rose sharply at the start of trading on Tuesday, building on sizeable gains won a day ear

Published 27 Sep, 2011 07:27am

Financial

Indian rupee up as some risk appetite returns; oil may weigh

MUMBAI: The Indian rupee gained on Tuesday, supported by positive local shares and strong regional peers, as appetite fo

Published 27 Sep, 2011 07:21am

Financial

Bunds extend fall as risky assets continue recovery

LONDON: Bund futures opened lower on Tuesday as riskier assets extended a tentative recovery on hopes that euro zone pol

Published 27 Sep, 2011 07:18am

Financial

Swiss franc dips vs euro as risk aversion eases

ZURICH: The Swiss franc weakened a touch against the euro and was little moved against the greenback, with risk aversion

Published 27 Sep, 2011 07:15am

Industries & Sectors

Electricity shortfall swells to 6500 MW

ISLAMABAD : Electricity shortfall has surged to 6500 Megawatts on Tuesday, which is the highest level in the country’s h

Published 27 Sep, 2011 07:09am

Financial

Kenyan shilling falls to new low of 102.1 vs dollar

NAIROBI: The Kenyan shilling fell on Tuesday to a new all-time low of 102.1 against the dollar, extending losses due to

Published 27 Sep, 2011 07:07am

Top News

Hafeez Shaikh demands fair opportunity for Pakistani exports

WASHINGTON: Finance Minister Abdul Hafeez Shaikh called for a fair opportunity for Pakistan's exports to international m

Published 27 Sep, 2011 07:07am

Pakistan

National consensus required to cope with challenges: Zahid

ISLAMABAD: Central Secretary Information, Awami National Party (ANP) Senator Zahid Khan urged political leaders to devis

Published 27 Sep, 2011 06:44am

Cricket

Cooley appointed interim Australia coach

SYDNEY: Troy Cooley was Tuesday appointed interim coach for Australia's upcoming tour of South Africa following Tim Ni

Published 27 Sep, 2011 06:27am

Financial

Australian stocks gain 3.64pc

SYDNEY: Australian stocks surged 3.64 percent on Tuesday on hopes European officials will produce a plan to contain the

Published 27 Sep, 2011 06:21am

Business & Finance

Top UN humanitarian official briefs FM Khar on UN response to Pakistani floods

UNITED NATIONS: The top UN humanitarian official, Valerie Amos, on Monday briefed Foreign Minister Hina Rabbani Khar on

Published 27 Sep, 2011 06:19am

Business & Finance

Sindh Govt released & not distributed Rs.2.2bn

KARACHI: A spokesman of Sindh Chief Minister, Syed Qaim Ali Shah, through a handout on Tuesday clarified that the provin

Published 27 Sep, 2011 06:17am

Financial

South Korean shares close 5.02pc higher

SEOUL: South Korean shares closed 5.02 percent higher Tuesday on strong foreign interest, tracking gains in US and Europ

Published 27 Sep, 2011 06:17am

Financial

Tokyo stocks close 2.82pc higher

TOKYO: Tokyo stocks rallied to close 2.82 percent higher on Tuesday, recouping some of their recent heavy losses amid ho

Published 27 Sep, 2011 06:12am

Top News

FAO seeks $18.9mn to help flood-affected farmers of Sindh

KARACHI: The Food and Agriculture Organization (FAO) is seeking urgent donor support to help farmers in Sindh hit by rai

Published 27 Sep, 2011 06:09am

Africa

Civilians flee Qadhafi hometown as medics warn of crisis

SIRTE: Heavily armed anti-Qadhafi fighters tightened their siege of the ousted Libyan leader's hometown of Sirte Monday

Published 27 Sep, 2011 06:08am

Industry

Wildcat strike grounds Philippine Airlines

MANILA: Philippine Airlines said it had cancelled all its international and domestic flights on Tuesday after a surprise

Published 27 Sep, 2011 06:04am

Asia

Japan bakery stands out in tsunami wasteland

ISHINOMAKI: The thronging Eclair bakery with its pristine white shop front stands out against the piles of rubble that J

Published 27 Sep, 2011 05:40am

Industries & Sectors

Inflated electricity bills issued to flood-hit people

BADIN: Instead of providing any relief to the flood-affected people of Badin district, the Hyderabad Electric Supply Com

Published 27 Sep, 2011 05:37am

Industry

China Jan-Aug industrial profits up 28.2pc

BEIJING: Combined profits of industrial enterprises across the country rose 28.2 percent yearly in the first eight month

Published 27 Sep, 2011 05:35am

Commodities

Spot gold to fall back to $1,534.49/oz

SINGAPORE: Spot gold is expected to revisit the previous trading session's low of $1,534.49 per ounce, as it has not com

Published 27 Sep, 2011 05:33am

Money & Banking

Dollar bond sales hit by market turmoil: South Korean banks

SEOUL: One South Korean bank said on Tuesday that its plans to sell $400 million of dollar denominated debt had been hit

Published 27 Sep, 2011 05:28am

Top News

President summons NA session on October 3

ISLAMABAD : President Asif Ali Zardari has summoned the session of the National Assembly on 3rd October, 2011 at 4:00

Published 27 Sep, 2011 05:28am

Commodities

CBOT soybeans to rebound to $12.82/bsh

SINGAPORE: CBOT soybeans November contract will rebound further to $12.82 per bushel, as a small five-wave cycle has com

Published 27 Sep, 2011 05:24am

Top News

Khar seeks global community's support for Pakistan's candidacy for UNSC seat

UNITED NATIONS: Foreign Minister Hina Rabbani Khar Monday made a strong case for Pakistan's candidacy for a non-permanen

Published 27 Sep, 2011 05:24am

Top News

Dengue claims another five lives

ISLAMABAD: Dengue Virus have claimed five more lives in Lahore raising the death toll to 105 ,a private news channel rep

Published 27 Sep, 2011 05:24am

Top News

PM Gilani remains busy in consultations with politicians for APC

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani on Tuesday remained busy in consultation with the politicians for conve

Published 27 Sep, 2011 05:24am

Top News

PESCO increases load shedding schedule

PESHAWAR: Peshawar Electricity Supply Company (PESCO) has revised load shedding schedule throughout the Khyber Pakhtunkh

Published 27 Sep, 2011 05:24am

Top News

India, Pakistan trade talks to take cooperation to new level

NEW DELHI : Formal Trade Minister-level talks between India and Pakistan will formally begin on Wednesday when the t

Published 27 Sep, 2011 05:24am

Top News

China supports Pakistan's sovereignty, territorial integrity

ISLAMABAD: China on Tuesday categorically extended full support to Pakistan's sovereignty, independence and territorial

Published 27 Sep, 2011 05:23am

Top News

US finance corporation provides $20mn loan for Pakistan building project

WASHINGTON: A US finance institution, Overseas Private Investment Corporation, announced on Monday to extend a $20 milli

Published 27 Sep, 2011 05:22am

Europe

Testing times for Merkel in German euro vote

BERLIN: German Chancellor Angela Merkel faces a crunch vote Thursday that threatens to both weaken her politically and u

Published 27 Sep, 2011 05:21am

Top News

FM Khar continues her contacts with counterparts attending UNGA

UNITED NATIONS: Foreign Minister of Pakistan Hina Rabbani Khar spent another busy day holding bilateral meetings with th

Published 27 Sep, 2011 05:21am

Financial

Chinese shares higher in morning trade

SHANGHAI: Chinese shares were up 0.74 percent in morning trade Tuesday on bargain hunting, following recent falls on wor

Published 27 Sep, 2011 05:19am

North America

Perry tops Republicans, but Romney better against Obama

WASHINGTON: Rick Perry remains atop the Republican field of presidential contenders, a CNN poll found Monday, but his ne

Published 27 Sep, 2011 05:14am

Financial

Philippine markets closed due to typhoon

MANILA: Philippine financial markets were shut, government work and school classes were suspended on Tuesday as typhoon

Published 27 Sep, 2011 05:10am

Asia

North Korea could be 'worst nightmare'

SYDNEY: Australian Foreign Minister Kevin Rudd on Tuesday urged the world not to be lured into a false sense of security

Published 27 Sep, 2011 05:06am

Top News

US Senate to move next week on China bill

WASHINGTON: The US Senate will move forward next week with a bill to punish China over its alleged currency manipulation

Published 27 Sep, 2011 05:02am

Commodities

Palm oil to fall to 2,857 ringgit/T

SINGAPORE: Malaysian palm oil will revisit the previous trading session's low of 2,857 ringgit per tonne, based on a cha

Published 27 Sep, 2011 05:00am

World

Bolivia halts road project after protests, crackdown

SAN BORJA: Bolivian President Evo Morales said Monday he was suspending plans to build a major highway through an Amazon

Published 27 Sep, 2011 04:57am

Commodities

Shanghai copper to fall to 52,460 yuan/T

SINGAPORE: Shanghai copper will fall to 52,460 yuan per tonne, based on its wave pattern and a Fibonacci projection anal

Published 27 Sep, 2011 04:54am

North America

FBI pays out $2.1mn reward for Bulger

WASHINGTON: The FBI has paid out $2.1 million in reward money for the information that led to the capture of feared Bost

Published 27 Sep, 2011 04:50am

Commodities

LME aluminium to end rebound about $2,248/T

SINGAPORE: LME aluminium is firm on a downtrend, and the current rebound is expected to end around $2,248 per tonne. Th

Published 27 Sep, 2011 04:50am

Financial

Australia shares post biggest gain in 3 weeks but worries persist

SYDNEY: Australian stocks snapped a three-day losing streak on Tuesday, rebounding 2.5 percent, led by banks and miners

Published 27 Sep, 2011 04:47am

Financial

Singapore Hot Stocks Olam rebounds; CEO says outlook bright

SINGAPORE: Shares of Singapore commodity firm Olam International rose as much as 4.4 percent on Tuesday following a sell

Published 27 Sep, 2011 04:44am

Top News

Vietnam Q3 GDP growth quickens to 6.11pc y/y

HANOI: Vietnam's economy grew by an annual 6.11 percent in the third quarter ending this month, quickening from 5.67 per

Published 27 Sep, 2011 04:40am

Financial

Taiwan stocks bounce; Compal jumps on JV with Lenovo

TAIPEI: Taiwan stocks opened up 2.24 percent on Tuesday, with Compal jumping 3.39 percent after announcing a joint ventu

Published 27 Sep, 2011 04:35am

Financial

Seoul shares bounce, but caution persists

SEOUL: Seoul shares bounced on Tuesday after recent sharp falls and following firm gains on Wall Street, and as sentimen

Published 27 Sep, 2011 04:33am

Top News

Pakistan says will be able to repay IMF loans

WASHINGTON: Pakistan will have no trouble repaying a loan from the International Monetary Fund, its finance minister sai

Published 27 Sep, 2011 04:28am

Financial

Aussie & NZ dollars bounce, buoyed by Asian stocks

WELLINGTON/SYDNEY: The Australian and the New Zealand dollars added to short-covering gains on Tuesday, bolstered by b

Published 27 Sep, 2011 04:26am

Financial

Yuan weakens against dollar, central bank wants stronger yuan

BEIJING/SHANGHAI: China's yuan weakened against the dollar in the morning session on Tuesday although the central bank s

Published 27 Sep, 2011 04:22am

Financial

Indian shares rise 1.6pc on euro zone plans

MUMBAI: Indian shares rose 1.6 percent in early trade on Tuesday, in line with firm Asian stocks that rose on hopes euro

Published 27 Sep, 2011 04:19am

Financial

Hong Kong stocks open 2.44pc higher

HONG KONG: Hong Kong stocks surged 2.44 percent in early trade Tuesday following an overnight rally in Europe and the Un

Published 27 Sep, 2011 04:17am

Energy

Crude up in Asia on hopes of robust eurozone action

SINGAPORE: Rumours of eurozone nations boosting a bailout fund and taking bold steps to rescue debt-straddled nations li

Published 27 Sep, 2011 04:13am

Financial

Euro weaker against dollar

TOKYO: The euro came under renewed pressure against the dollar in Asia on Tuesday, resuming its fall on concerns over th

Published 27 Sep, 2011 04:11am

Financial

Tokyo stocks up 1.80pc by noon

TOKYO: Tokyo stocks rallied 1.80 percent by the lunch break on Tuesday as recently beaten-down exporters and financials

Published 27 Sep, 2011 04:09am

Financial

Asian stocks up on bargain-hunting

HONG KONG: Asian markets rebounded on bargain-buying Tuesday following recent heavy selling caused by the eurozone crisi

Published 27 Sep, 2011 04:06am

BR Research

KSE: Stocks turn red over Pak-US standoff

Geopolitics reigned supreme over equity trade on Monday and investors seemed to be paying more attention to the words of an American army ge