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Archive - 2011-10-10
Oman expects balanced budget
Top News

Oman expects balanced budget

MUSCAT: Robust oil prices will help Oman balance its budget, the finance minister said on Monday, despite a jump in soci
Published 10 Oct, 2011 04:18pm
Euro Coal Prices inch-up
Energy

Euro Coal Prices inch-up

LONDON : Prompt physical coal prices inched up by around by around 25-50 US cents a tonne on Monday, taking their lead
Published 10 Oct, 2011 04:02pm
ISE index gains 81.27 points
Markets

ISE index gains 81.27 points

ISLAMABAD : Islamabad Stock Exchange (ISE-10) on Monday witnessed bullish trend as the index was up by 81.27 points to
Published 10 Oct, 2011 03:50pm
LSE index gains 83.64 points
Markets

LSE index gains 83.64 points

LAHORE : Lahore Stock Exchange gained 83.64 points on Monday, as LSE-25 index opened with 3179.49 and closed at 3263.1
Published 10 Oct, 2011 03:03pm
Zulfiqar Mirza's resignation accepted
Top News

Zulfiqar Mirza's resignation accepted

KARACHI: Former Sindh Home Minister and MPA Zulfiqar Mirza has resigned from the membership of Sindh Assembly on Monday.
Published 10 Oct, 2011 02:28pm
Twin Baghdad blasts kill nine
Top News

Twin Baghdad blasts kill nine

BAGHDAD : Two bomb attacks minutes apart in west Baghdad on Monday evening killed at least nine people and wounded mor
Published 10 Oct, 2011 01:03pm
EU welcomes Dexia deal
Top News

EU welcomes Dexia deal

BRUSSELS : EU anti-trust chief Joaquin Almunia welcomed on Monday the "stabilising effect" of a deal between Belgium ,
Published 10 Oct, 2011 12:40pm
PM arrives in Quetta on two-day visit
Top News

PM arrives in Quetta on two-day visit

QUETTA : Prime Minister Syed Yusuf Raza Gilani arrived here Monday on a two-day visit. The Prime Minister, upon arriv
Published 10 Oct, 2011 12:24pm
Stocks, euro gain on debt pledge
Top News

Stocks, euro gain on debt pledge

LONDON : World stocks and the euro rose on Monday while top-rated government bonds and the dollar fell after German and
Published 10 Oct, 2011 12:17pm
15,035 dengue fever patients recover
Top News

15,035 dengue fever patients recover

RECORDER REPORT LAHORE : As many as 15035 dengue fever patients have been recovered in the province, out of which 129
Published 10 Oct, 2011 11:09am
Hong Kong shares close flat
Financial

Hong Kong shares close flat

HONG KONG: Hong Kong shares ended flat on Monday as earlier losses were wiped out in a late buying spree.   The benchm
Published 10 Oct, 2011 08:19am
German exports up 3.5pc in August
Top News

German exports up 3.5pc in August

FRANKFURT: German exports rose in August, recording a 3.5 percent increase to 90.5 billion euros, according to adjusted
Published 10 Oct, 2011 06:20am
Poland's centrists win new term
Europe

Poland's centrists win new term

WARSAW: Poland's governing centrists won a landmark second term in Sunday's general election, initial results showed, se
Published 10 Oct, 2011 04:46am
Worsening water woes
BR Research

Worsening water woes

By all means, the recent lull in power outages appears to be transient at best. The authorities ignored the fundamental issues; and in eso
Published 10 Oct, 2011 12:00am
NBP: Waking up to technology
BR Research

NBP: Waking up to technology

Technological up-gradation, product innovation and cost efficiency are the key ingredients to a healthy, profitable organization. Without a
Published 10 Oct, 2011 12:00am
France, Belgium, Luxembourg agree Dexia rescue

France, Belgium, Luxembourg agree Dexia rescue

France, Belgium and Luxembourg agreed a rescue plan for Dexia SA on Sunday ahead of a planned board meeting expected to decide on a break-up of the first lender to fall victim to the euro zone crisis.
Published 10 Oct, 2011 12:00am
Week ends on a better note as European leaders show resilience

Week ends on a better note as European leaders show resilience

The weeks ended on October 9, 2011, closed on a better note as the European leaders showed some resilience to address the banking sector issues and were showing willingness to fix their problem. The European Central Bank (ECB) was offering the struggling
Published 10 Oct, 2011 12:00am
Week ends on a better note as European leaders show resilience

Week ends on a better note as European leaders show resilience

The weeks ended on October 9, 2011, closed on a better note as the European leaders showed some resilience to address the banking sector issues and were showing willingness to fix their problem. The European Central Bank (ECB) was offering the struggling
Published 10 Oct, 2011 12:00am
Week ends on a better note as European leaders show resilience

Week ends on a better note as European leaders show resilience

The weeks ended on October 9, 2011, closed on a better note as the European leaders showed some resilience to address the banking sector issues and were showing willingness to fix their problem. The European Central Bank (ECB) was offering the struggling
Published 10 Oct, 2011 12:00am
Libyan forces take landmarks in Qadhafi hometown

Libyan forces take landmarks in Qadhafi hometown

Libyan government forces captured landmark buildings in a thrust towards the centre of Muammar Qadhafi's hometown Sirte, but came under a fierce counter attack which inflicted dozens of casualties.
Published 10 Oct, 2011 12:00am
Libyan forces take landmarks in Qadhafi hometown

Libyan forces take landmarks in Qadhafi hometown

Libyan government forces captured landmark buildings in a thrust towards the centre of Muammar Qadhafi's hometown Sirte, but came under a fierce counter attack which inflicted dozens of casualties.
Published 10 Oct, 2011 12:00am
Index gains 91.87 points

Index gains 91.87 points

The KSE-100 index gained 91.87 points during the week ended on October 8, 2011, and closed at 11,853.84 points on the back of local investors' interest in some select stocks in cement and fertiliser sectors. Foreign investors remained on the selling side
Published 10 Oct, 2011 12:00am
Index gains 91.87 points

Index gains 91.87 points

The KSE-100 index gained 91.87 points during the week ended on October 8, 2011, and closed at 11,853.84 points on the back of local investors' interest in some select stocks in cement and fertiliser sectors. Foreign investors remained on the selling side
Published 10 Oct, 2011 12:00am
Index gains 91.87 points

Index gains 91.87 points

The KSE-100 index gained 91.87 points during the week ended on October 8, 2011, and closed at 11,853.84 points on the back of local investors'' interest in some select stocks in cement and fertiliser sectors. Foreign investors remained on the selling side
Published 10 Oct, 2011 12:00am
Futures open interest up by 43 percent

Futures open interest up by 43 percent

The total open interest position at the futures counter increased significantly by 43 percent during the week ended on October 8, 2011, to Rs 1.78 billion. On the other hand, the futures spreads declined by 696pps on week-on-week basis to stand at 1.5 per
Published 10 Oct, 2011 12:00am
Futures open interest up by 43 percent

Futures open interest up by 43 percent

The total open interest position at the futures counter increased significantly by 43 percent during the week ended on October 8, 2011, to Rs 1.78 billion. On the other hand, the futures spreads declined by 696pps on week-on-week basis to stand at 1.5 per
Published 10 Oct, 2011 12:00am
Futures open interest up by 43 percent

Futures open interest up by 43 percent

The total open interest position at the futures counter increased significantly by 43 percent during the week ended on October 8, 2011, to Rs 1.78 billion. On the other hand, the futures spreads declined by 696pps on week-on-week basis to stand at 1.5 per
Published 10 Oct, 2011 12:00am
Futures open interest up by 43 percent

Futures open interest up by 43 percent

The total open interest position at the futures counter increased significantly by 43 percent during the week ended on October 8, 2011, to Rs 1.78 billion. On the other hand, the futures spreads declined by 696pps on week-on-week basis to stand at 1.5 per
Published 10 Oct, 2011 12:00am
NTN/CNIC number condition termed unrealistic

NTN/CNIC number condition termed unrealistic

The condition for seeking National Tax Number (NTN) or computerised national identity card number (CNIC) of the unregistered buyers/sellers is an unrealistic provision, keeping in view the large scale of informal economy and un-documented transactions inv
Published 10 Oct, 2011 12:00am
NTN/CNIC number condition termed unrealistic

NTN/CNIC number condition termed unrealistic

The condition for seeking National Tax Number (NTN) or computerised national identity card number (CNIC) of the unregistered buyers/sellers is an unrealistic provision, keeping in view the large scale of informal economy and un-documented transactions inv
Published 10 Oct, 2011 12:00am
NTN/CNIC number condition termed unrealistic

NTN/CNIC number condition termed unrealistic

The condition for seeking National Tax Number (NTN) or computerised national identity card number (CNIC) of the unregistered buyers/sellers is an unrealistic provision, keeping in view the large scale of informal economy and un-documented transactions inv
Published 10 Oct, 2011 12:00am
Kibor may fall by 50-75 basis points

Kibor may fall by 50-75 basis points

The base lending rate Kibor is expected to fall by 50 to 75 basis points in the wake of a 150 bps cut in SBP's policy rate while the six months forward cover for the US dollar is also expected to reduce. Market forces have already factored in around 50 bp
Published 10 Oct, 2011 12:00am
Kibor may fall by 50-75 basis points

Kibor may fall by 50-75 basis points

The base lending rate Kibor is expected to fall by 50 to 75 basis points in the wake of a 150 bps cut in SBP's policy rate while the six months forward cover for the US dollar is also expected to reduce. Market forces have already factored in around 50 bp
Published 10 Oct, 2011 12:00am
Kibor may fall by 50-75 basis points

Kibor may fall by 50-75 basis points

The base lending rate Kibor is expected to fall by 50 to 75 basis points in the wake of a 150 bps cut in SBP''s policy rate while the six months forward cover for the US dollar is also expected to reduce. Market forces have already factored in around 50 b
Published 10 Oct, 2011 12:00am
Optimism everywhere

Optimism everywhere

State Bank of Pakistan took a bold and risky step by slashing the discount rate by 150 bps to 12 percent. At a time when the central banks of the developed world are responding to cries of 'feed me' from the financial sector, SBP appears to be following s
Published 10 Oct, 2011 12:00am
Optimism everywhere

Optimism everywhere

State Bank of Pakistan took a bold and risky step by slashing the discount rate by 150 bps to 12 percent. At a time when the central banks of the developed world are responding to cries of 'feed me' from the financial sector, SBP appears to be following s
Published 10 Oct, 2011 12:00am
Optimism everywhere

Optimism everywhere

State Bank of Pakistan took a bold and risky step by slashing the discount rate by 150 bps to 12 percent. At a time when the central banks of the developed world are responding to cries of ''feed me'' from the financial sector, SBP appears to be following
Published 10 Oct, 2011 12:00am
Pakistan, Afghanistan, US should work together: Grossman

Pakistan, Afghanistan, US should work together: Grossman

US Special Representative for Afghanistan and Pakistan Marc Grossman has underlined the need for Pakistan, Afghanistan and the United States (US) to work together against terrorism. In an interview with Tolo TV in Kabul, Afghanistan, Ambassador Grossman s
Published 10 Oct, 2011 12:00am
Pakistan, Afghanistan, US should work together: Grossman

Pakistan, Afghanistan, US should work together: Grossman

US Special Representative for Afghanistan and Pakistan Marc Grossman has underlined the need for Pakistan, Afghanistan and the United States (US) to work together against terrorism. In an interview with Tolo TV in Kabul, Afghanistan, Ambassador Grossman s
Published 10 Oct, 2011 12:00am
China tells US to stop pressuring Beijing

China tells US to stop pressuring Beijing

China on Sunday urged Washington to stop pressuring Beijing as the US Senate prepares to vote on a controversial bill aimed at punishing the Asian nation for alleged currency manipulation. The proposal, powered by a tide of US voter anger at the sour econ
Published 10 Oct, 2011 12:00am
China tells US to stop pressuring Beijing

China tells US to stop pressuring Beijing

China on Sunday urged Washington to stop pressuring Beijing as the US Senate prepares to vote on a controversial bill aimed at punishing the Asian nation for alleged currency manipulation. The proposal, powered by a tide of US voter anger at the sour econ
Published 10 Oct, 2011 12:00am
China tells US to stop pressuring Beijing

China tells US to stop pressuring Beijing

China on Sunday urged Washington to stop pressuring Beijing as the US Senate prepares to vote on a controversial bill aimed at punishing the Asian nation for alleged currency manipulation. The proposal, powered by a tide of US voter anger at the sour econ
Published 10 Oct, 2011 12:00am
Gilani to take up Pak-Tajik road project with Karzai

Gilani to take up Pak-Tajik road project with Karzai

Prime Minister Syed Yousuf Raza Gilani on Sunday said that he would take up the Pakistan-Tajikistan road project with Afghan President Hamid Karzai during the forthcoming SAARC Summit to be held in Maldives next month. The Prime Minister was talking to Gi
Published 10 Oct, 2011 12:00am
Gilani to take up Pak-Tajik road project with Karzai

Gilani to take up Pak-Tajik road project with Karzai

Prime Minister Syed Yousuf Raza Gilani on Sunday said that he would take up the Pakistan-Tajikistan road project with Afghan President Hamid Karzai during the forthcoming SAARC Summit to be held in Maldives next month. The Prime Minister was talking to Gi
Published 10 Oct, 2011 12:00am
Gilani to take up Pak-Tajik road project with Karzai

Gilani to take up Pak-Tajik road project with Karzai

Prime Minister Syed Yousuf Raza Gilani on Sunday said that he would take up the Pakistan-Tajikistan road project with Afghan President Hamid Karzai during the forthcoming SAARC Summit to be held in Maldives next month. The Prime Minister was talking to Gi
Published 10 Oct, 2011 12:00am
Mirza says he will go to London with evidences against Altaf

Mirza says he will go to London with evidences against Altaf

Sindh MPA Dr Zulifqar Mirza on Sunday again breathed fire against Muttahida Qaumi Movement (MQM) and announced that he "will go to London next week, with three suitcases of documentary proofs against Altaf Husain". This he announced at a press conference
Published 10 Oct, 2011 12:00am
Mirza says he will go to London with evidences against Altaf

Mirza says he will go to London with evidences against Altaf

Sindh MPA Dr Zulifqar Mirza on Sunday again breathed fire against Muttahida Qaumi Movement (MQM) and announced that he "will go to London next week, with three suitcases of documentary proofs against Altaf Husain". This he announced at a press conference
Published 10 Oct, 2011 12:00am
19 killed as Egypt Christians, police clash

19 killed as Egypt Christians, police clash

Nineteen people were killed in Cairo on Sunday when Christians, some carrying crosses and pictures of Jesus, clashed with military police, medical and security sources said, in the latest sectarian flare-up in a country in political turmoil.
Published 10 Oct, 2011 12:00am
19 killed as Egypt Christians, police clash

19 killed as Egypt Christians, police clash

Nineteen people were killed in Cairo on Sunday when Christians, some carrying crosses and pictures of Jesus, clashed with military police, medical and security sources said, in the latest sectarian flare-up in a country in political turmoil.
Published 10 Oct, 2011 12:00am
Egypt's generals ban using religious slogans in vote

Egypt's generals ban using religious slogans in vote

Egypt's ruling military council has amended election rules to ban the use of religious slogans, a move the Muslim Brotherhood said on Sunday may prompt it to reconsider using its traditional campaign phrase "Islam is the solution".
Published 10 Oct, 2011 12:00am
Egypt's generals ban using religious slogans in vote

Egypt's generals ban using religious slogans in vote

Egypt's ruling military council has amended election rules to ban the use of religious slogans, a move the Muslim Brotherhood said on Sunday may prompt it to reconsider using its traditional campaign phrase "Islam is the solution".
Published 10 Oct, 2011 12:00am
World Bank suspends finance for Bangladesh bridge

World Bank suspends finance for Bangladesh bridge

A $1.2 billion World Bank credit to Bangladesh to finance the country's longest river bridge has been suspended until corruption allegations against a tender participant are resolved, Finance Minister Abul Maal Abdul Muhith said on Sunday. "The government
Published 10 Oct, 2011 12:00am
World Bank suspends finance for Bangladesh bridge

World Bank suspends finance for Bangladesh bridge

A $1.2 billion World Bank credit to Bangladesh to finance the country's longest river bridge has been suspended until corruption allegations against a tender participant are resolved, Finance Minister Abul Maal Abdul Muhith said on Sunday. "The government
Published 10 Oct, 2011 12:00am
World Bank suspends finance for Bangladesh bridge

World Bank suspends finance for Bangladesh bridge

A $1.2 billion World Bank credit to Bangladesh to finance the country''s longest river bridge has been suspended until corruption allegations against a tender participant are resolved, Finance Minister Abul Maal Abdul Muhith said on Sunday. "The governmen
Published 10 Oct, 2011 12:00am
Attack on Chinese boats kills 11

Attack on Chinese boats kills 11

Eleven Chinese were killed and two missing after their cargo boats were attacked in the golden triangle area of the Mekong River, state media said on Sunday. The two ships, the Hua Ping and Yu Xing 8, were attacked on October 5, according to the Xinhua ne
Published 10 Oct, 2011 12:00am
Asian economic powers look to boost cooperation

Asian economic powers look to boost cooperation

Asia's economic powers, including major oil producers and consumers, are to meet in Kuwait on Monday to discuss how to protect their nations against global crises. Foreign ministers of the 31-member Asia Cooperation Dialogue (ACD), set up in 2002, will at
Published 10 Oct, 2011 12:00am
North, South Sudan need more time to settle disputes

North, South Sudan need more time to settle disputes

North and South Sudan ended their first talks since the south gained independence three months ago and said more negotiations would be held to try to settle their disputes ranging from sharing oil revenues to ending violence in a border area.
Published 10 Oct, 2011 12:00am
Nine killed in various incidents of violence in city

Nine killed in various incidents of violence in city

At least nine persons including two females were killed in separate incidents in different areas of the metropolis here on Sunday. According to police and rescuers, a member of Karachi Goods Carrier Association (KGCA) fell prey to targeted killing in SITE
Published 10 Oct, 2011 12:00am
Loadshedding continues in Sindh contrary to government claims

Loadshedding continues in Sindh contrary to government claims

Most towns of Sindh continued to suffer hours' long load shedding contrary to the government's claim on Thursday last that the demand and supply of electricity has now come at par and there will be no more load shedding in country. Some of the areas in Si
Published 10 Oct, 2011 12:00am
Nawaz criticises people exploiting dengue for political gains

Nawaz criticises people exploiting dengue for political gains

President Pakistan Muslim League (N), Mian Nawaz Sharif on Sunday said that people who are bent upon exploiting the dengue virus issue for political gains would be disappointed. "Punjab government is making sincere efforts to control the viral disease," h
Published 10 Oct, 2011 12:00am
LEAs detain over 50 suspects in raids

LEAs detain over 50 suspects in raids

The Law Enforcement Agencies (LEAs) on Sunday claimed to have detained over 50 suspects in separate search operations in various areas of the metropolis. According to sources, the police and frontier constabulary conducted search operations in Pak Colony,
Published 10 Oct, 2011 12:00am
World Post Day observed

World Post Day observed

Like other parts of the globe, World Post Day was observed in Pakistan in an effort to create awareness of the role of the postal sector in people's and businesses' everyday lives and its contribution to the social and economic development of countries.
Published 10 Oct, 2011 12:00am
BA, B.Com and BOL: registration, improvement date extended

BA, B.Com and BOL: registration, improvement date extended

The Karachi University on Sunday announced to extend the date to submit the registration and grade improvement forms for BA, B.Com and BOL till October 12. The candidates can submit their forms for registration and improvement with a late fee of Rs 2,300
Published 10 Oct, 2011 12:00am
390 students awarded degrees at SZABIST convocation

390 students awarded degrees at SZABIST convocation

The Convocation 2011 of Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) was held here on Saturday evening. As many as 390 graduating students were awarded degrees in management sciences, computing, socials sciences, economics and
Published 10 Oct, 2011 12:00am
AJK Prime Minister appreciates Gilani's visit to Muzaffarabad

AJK Prime Minister appreciates Gilani's visit to Muzaffarabad

Prime Minister of Pakistan Syed Yousuf Raza Gilani was the only leader representing Pakistan People's Party who went to Muzaffarabad on Saturday to express solidarity with people of Azad Kashmir, who lost their children, brothers and sisters in the devast
Published 10 Oct, 2011 12:00am
No Assembly will be dissolved before Senate polls: Babar

No Assembly will be dissolved before Senate polls: Babar

Pakistan People's Party leader and former Federal Law Minister Dr Babar Awan on Sunday said Senate elections would be held in time and no Assembly would be dissolved before polls. He was addressing a press conference at the residence of former Senior Mini
Published 10 Oct, 2011 12:00am
'Modern equipment to help police tackle criminals'

'Modern equipment to help police tackle criminals'

Inspector General of Sindh Police, Wajid Ali Khan Durrani on Sunday said the objective for providing modern equipment and arms to the police commandos is to improve their efficiency to control the law and order situation.
Published 10 Oct, 2011 12:00am
Government urged to fix sugarcane support price at Rs 250/maund

Government urged to fix sugarcane support price at Rs 250/maund

Kisan Board Pakistan (KBP) on Sunday demanded the government to fix the minimum sugarcane support price at Rs 250 per maund to facilitate farmers. Kisan Board Pakistan (KBP) President Sardar Zafar Hussain said that this year sugarcane was being cultivated
Published 10 Oct, 2011 12:00am
Railways lands termed breeding places of dengue mosquito

Railways lands termed breeding places of dengue mosquito

Acting Chairman Emergency Response Committee(ERC) Gulberg Town, Mian Mohsin Latif MPA, has said that vast area of Pakistan Railway land are breeding places of dengue mosquito which can only be eliminated through a comprehensive programme for which 100 per
Published 10 Oct, 2011 12:00am
15,035 dengue fever patients recover

15,035 dengue fever patients recover

As many as 15035 dengue fever patients have been recovered in the province, out of which 12961 belonged to Lahore. At present, 1422 patients are under treatment in various hospitals of Punjab, out of which 1199 patients are under treatment in different ho
Published 10 Oct, 2011 12:00am
Turkey to build four slaughterhouses in Punjab

Turkey to build four slaughterhouses in Punjab

Turkey is transporting construction machinery for setting up four new slaughterhouses in Punjab. Turkish-Pakistan Business Council's President Hussain Akin stated this in a meeting with Foreign Economic Relations Board Turkey (FERB)'s delegation with Punj
Published 10 Oct, 2011 12:00am
Dengue mosquito, larva: chief minister Punjab begins eradication drive

Dengue mosquito, larva: chief minister Punjab begins eradication drive

Punjab Chief Minister Shahbaz Sharif has said that a vigorous campaign for eradication of dengue mosquito and larva is going on. He said that the process of fogging and spray at godowns of old tyres, bus stands, railway stations, graveyards, parks and oth
Published 10 Oct, 2011 12:00am
Death condoled

Death condoled

Punjab Chief Minister Muhammad Shahbaz Sharif here on Sunday has expressed deep sense of sorrow and grief over the sad demise of mother of Speaker Balochistan Assembly Aslam Bhotani.
Published 10 Oct, 2011 12:00am
'PEF enabling poor children receive quality education'

'PEF enabling poor children receive quality education'

Punjab Education Foundation (PEF) has opened the doors of quality education on poor children who cannot afford schooling due to lack of resources. This model of public private partnership is being extended to seven other districts, so that more and more d
Published 10 Oct, 2011 12:00am
PAAPAM wants to double exports of auto spare parts

PAAPAM wants to double exports of auto spare parts

Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) newly-elected Chairman Syed Nabeel Hashmi expressed his determination to double exports of auto spare parts in coming time and announced to follow the 'outward looking' policy
Published 10 Oct, 2011 12:00am
Work on STZ project worth Rs 406 million initiated

Work on STZ project worth Rs 406 million initiated

Initial development work on the mega project of Sialkot Tanneries Zone has been initiated and 392 acres of land has been acquired at a cost of Rs 406 million for the purpose. The basic concept of setting up STZ is to shift around 276 existing tanneries pr
Published 10 Oct, 2011 12:00am
36 model villages being given to flood-hit families

36 model villages being given to flood-hit families

Of 89 model villages, 36 will soon be handed over to families affected by the 2010 floods in Punjab. "These model villages are being built with funds allocated by the Chief Minister's Relief Fund for Tameer-e-Pakistan. About Rs 1.55 billion were donated b
Published 10 Oct, 2011 12:00am
Mental Health Day today

Mental Health Day today

Mental Health Day is universally commemorated on 10th October (today). Experts have emphasised on creating awareness on this particular day terming Mental Health is as important as the physical health.
Published 10 Oct, 2011 12:00am
Slack conditions rule domestic, foreign cotton markets

Slack conditions rule domestic, foreign cotton markets

Reports from upcountry indicate favourable weather conditions in cotton areas of main cotton producing province of Punjab while in Sindh province, especially in lower and middle Sindh, standing water in cotton fields is continuing aggravating cotton situa
Published 10 Oct, 2011 12:00am
Slack conditions rule domestic, foreign cotton markets

Slack conditions rule domestic, foreign cotton markets

Reports from upcountry indicate favourable weather conditions in cotton areas of main cotton producing province of Punjab while in Sindh province, especially in lower and middle Sindh, standing water in cotton fields is continuing aggravating cotton situa
Published 10 Oct, 2011 12:00am
PPP reforms yield positive results: Dr Arbab

PPP reforms yield positive results: Dr Arbab

Federal Minister for Communication Dr. Arbab Alamgir Khan on Sunday said that Zulfikar Ali Bhutto Shaheed and Benazir Bhutto Shaheed were the champions of democracy, human rights and architects of constitution and their mission would be completed at all c
Published 10 Oct, 2011 12:00am
Dr Shah's biography 'The Legend Unfolds' launched

Dr Shah's biography 'The Legend Unfolds' launched

Glowing tributes paid to former Sindh Sports Minister Dr Muhammad Ali Shah by speakers at the launch of his biography "The Legend Unfolds" at a local hotel here on Sunday.
Published 10 Oct, 2011 12:00am
Sherpao leaves for Japan

Sherpao leaves for Japan

Chairman PPP-Sherpao and former Interior Minister Aftab Ahmad Khan Sherpao has left for Japan where he would meet different heads of the departments and officials of Japanese Foreign Ministry. He would also call on Japanese Ambassador for Middle East and
Published 10 Oct, 2011 12:00am
FC's sacrifices commended

FC's sacrifices commended

Chief Minister Khyber Pakhtunkhwa Ameer Haider Khan Hoti on Sunday lauded the chivalry and professionalism of Frontier Constabulary and termed their sacrifices in war against terror in high esteem.
Published 10 Oct, 2011 12:00am
China's Hu calls for reunification with Taiwan

China's Hu calls for reunification with Taiwan

China's President Hu Jintao on Sunday called for Taiwan and the Chinese mainland to reunite, as he marked the 100th anniversary of the revolution that ended the nation's long imperial history.
Published 10 Oct, 2011 12:00am
UK defence secretary says made mistakes, not quitting

UK defence secretary says made mistakes, not quitting

Britain's Defence Secretary Liam Fox apologised on Sunday after claims that his links to an unofficial adviser may have breached national security, but indicated that he intended to remain in his role.
Published 10 Oct, 2011 12:00am
Yemenis shrug off Saleh's talk of stepping down

Yemenis shrug off Saleh's talk of stepping down

Yemeni protesters camped out in Sanaa's central square said on Sunday that President Ali Abdullah Saleh's suggestion that he would step down in the coming days was another promise that they were sure would be broken.
Published 10 Oct, 2011 12:00am
Nobel power marks feverish end of Liberia poll campaign

Nobel power marks feverish end of Liberia poll campaign

Liberia buzzed with election fever Sunday as Nobel laureates, President Ellen Johnson Sirleaf and women's activist Leymah Gbowee, took to the streets in a boost for the incumbent's re-election bid.
Published 10 Oct, 2011 12:00am
Tunisian police use teargas on protesters

Tunisian police use teargas on protesters

Police in the Tunis used teargas on Sunday to try to disperse hundreds of Islamists who were attacking them with stones, knives and batons, the biggest clashes over religion yet seen in the Tunisian capital.
Published 10 Oct, 2011 12:00am
US presidential race loses fizz for Tea Party

US presidential race loses fizz for Tea Party

With their favoured candidates for the 2012 Republican presidential nomination lagging or out of the race, many US Tea Party activists are shifting focus to the struggle for control of the US Senate.
Published 10 Oct, 2011 12:00am
Syria warns against recognition of opposition council

Syria warns against recognition of opposition council

Syria threatened on Sunday to retaliate against any country that formally recognises a recently established opposition National Council seeking international support for the six-month-old uprising against President Bashar al-Assad.
Published 10 Oct, 2011 12:00am
Demonstrators storm Syrian embassy in Berlin

Demonstrators storm Syrian embassy in Berlin

A group of about 30 demonstrators stormed the Syrian embassy in Berlin overnight and confronted the ambassador to Germany, police said Sunday, following similar protests in other European cities. No one was injured, a police spokesman told AFP, in an inci
Published 10 Oct, 2011 12:00am
Jewish settlers clash with Palestinian farmers

Jewish settlers clash with Palestinian farmers

Jewish settlers clashed with Palestinian farmers on Sunday as they tried to pick olives from land owned by the family of two men convicted of killing a young settler family in March.
Published 10 Oct, 2011 12:00am
Hollande leads in French left-wing primary

Hollande leads in French left-wing primary

Francois Hollande won a clear lead in the first round of the French left's presidential primary Sunday but not enough votes to avoid a second round run-off, according to partial results.
Published 10 Oct, 2011 12:00am
Turkey defending lira with limited FX ammunition

Turkey defending lira with limited FX ammunition

Turkey has upped the ante in defence of the lira, but with hard cash reserves far smaller than those of many developing economy peers, FX intervention may not be feasible for long should investors resume their exodus from emerging markets.
Published 10 Oct, 2011 12:00am
Zloty to lead Central Europe FX recovery

Zloty to lead Central Europe FX recovery

The zloty is expected to recover some ground after Polish elections on Sunday and Central European currencies should gain over the next year although they remain at risk from deepening turmoil in the eurozone, a Reuters poll showed on Thursday. The poll
Published 10 Oct, 2011 12:00am
Middle East markets: OIB at 18-month high; gulf markets rise

Middle East markets: OIB at 18-month high; gulf markets rise

Oman International Bank surged to an 18-month high on Sunday over its merger talks with HSBC's Oman operations, and other Gulf bourses also advanced on hope that the European debt crisis would be resolved. OIB climbed 7.1 percent, reaching its highest val
Published 10 Oct, 2011 12:00am
Global Markets Weekahead: shock and awe needed for risk rally

Global Markets Weekahead: shock and awe needed for risk rally

After a poor start to the fourth quarter, investors' mood may be just starting to stabilise after moves by European policymakers to help fragile banks and avert a financial meltdown. But it may take a lot grander plan to truly kick start a risk rally.
Published 10 Oct, 2011 12:00am
Aussie, New Zealand dollars seen recovering from hefty losses

Aussie, New Zealand dollars seen recovering from hefty losses

The Australian dollar is forecast to recover from its recent heavy losses and regain parity in coming months, thanks to lofty domestic rates and a robust economy and despite fears of a systemic banking crisis and global recession. A Reuters poll of around
Published 10 Oct, 2011 12:00am
British stock investors wait on key data next week

British stock investors wait on key data next week

Investors on the London stock market will pore over a series of economic data releases next week for clues on how the British economy has fared during the second half of a turbulent year. The FTSE 100 index of leading shares rallied 3.4 percent over the w
Published 10 Oct, 2011 12:00am
Sterling under pressure

Sterling under pressure

Sterling will remain under pressure in the near-term thanks to the increasing likelihood of a second round of quantitative easing by the Bank of England, a Reuters poll showed. In a year's time, however, sterling will appreciate against the US dollar as p
Published 10 Oct, 2011 12:00am
Emerging markets money braced for China shock

Emerging markets money braced for China shock

For all the confidence in China's resilience to global economic shocks over the past decade, some investors are now starting to worry about a hard landing for the high-flying economic giant. Fears of a Chinese growth shock are compounding a broader sell-o
Published 10 Oct, 2011 12:00am
Emerging markets money braced for China shock

Emerging markets money braced for China shock

For all the confidence in China's resilience to global economic shocks over the past decade, some investors are now starting to worry about a hard landing for the high-flying economic giant. Fears of a Chinese growth shock are compounding a broader sell-o
Published 10 Oct, 2011 12:00am
Wall Street Weekahead: earnings on deck as Europe eyed

Wall Street Weekahead: earnings on deck as Europe eyed

Investors tiring of the eurozone's debt crisis dragging the market all over the place are hoping to focus on something else next week - earnings. But will third-quarter results be enough to drive the S&P 500 higher? Or will Europe's woes get in the way? T
Published 10 Oct, 2011 12:00am
Tokyo stocks to be driven by caution next week

Tokyo stocks to be driven by caution next week

Tokyo stocks are expected to show more stability in the coming week but investors will remain cautious over the eurozone sovereign debt crisis, with upcoming data releases also in focus, dealers said.
Published 10 Oct, 2011 12:00am
BoE bond purchases to rise to 325bn pounds

BoE bond purchases to rise to 325bn pounds

The Bank of England will be forced to snap up an additional 50 billion pounds of UK government bonds in the stimulus programme it expanded on Thursday to 275 billion pounds, a Reuters poll of economists showed.
Published 10 Oct, 2011 12:00am
BoE bond purchases to rise to 325bn pounds

BoE bond purchases to rise to 325bn pounds

The Bank of England will be forced to snap up an additional 50 billion pounds of UK government bonds in the stimulus programme it expanded on Thursday to 275 billion pounds, a Reuters poll of economists showed.
Published 10 Oct, 2011 12:00am
Yen strength likely to persist through euro crisis

Yen strength likely to persist through euro crisis

The Japanese yen will remain firm against the dollar and relatively so against the euro so long as it there is no clear resolution to the eurozone crisis, according to a Reuters poll. The poll of around 60 foreign exchange strategists taken this week sees
Published 10 Oct, 2011 12:00am
UBS most accurate foreign exchange forecaster in September

UBS most accurate foreign exchange forecaster in September

UBS was the most accurate forecaster in the September Reuters foreign exchange poll, predicting a weaker euro amid the debt crisis that is threatening to unleash substantial damage on the global economy.
Published 10 Oct, 2011 12:00am
Independent News ad markets tough, trend better

Independent News ad markets tough, trend better

The advertising markets Independent News & Media Plc operate in remain tough but the trend line is improving and its profit forecast for the year still stands, the group's chief executive said on October 8.
Published 10 Oct, 2011 12:00am
Malaysia's Bursa eyes growth for Islamic platform

Malaysia's Bursa eyes growth for Islamic platform

Malaysia's stock exchange operator aims to double the daily average trades on its murabaha platform from 1 billion ringgit ($313 million) next year as it expands its Islamic finance products in overseas markets, a company official said on October 5.
Published 10 Oct, 2011 12:00am
European Space Agency faces funding shortfall

European Space Agency faces funding shortfall

The European Space Agency (ESA) will push for another 4 billion euro budget next year in the face of a funding shortfall in 2011 from member states struggling with the regional debt crisis, the agency's head said on October 4. Many European countries are
Published 10 Oct, 2011 12:00am
18 more months of gloom ahead for UK retail: BRC

18 more months of gloom ahead for UK retail: BRC

More British retailers will go bust in the coming months, others are likely to shed jobs and sales look set for a prolonged slump, the head of the British Retail Consortium told Reuters on October 4, warning of 18 months of hard times for the high street.
Published 10 Oct, 2011 12:00am
Mitsubishi sticks to investment plan despite yen strength

Mitsubishi sticks to investment plan despite yen strength

Mitsubishi Corp, Japan's biggest trading company, said on October 7 the yen's strength and the global financial turmoil will not affect its $13 billion investment plan for this financial year and its three-year $32 billion spending plan by March 2013.
Published 10 Oct, 2011 12:00am
Nissan to spend $1.4 billion on new Brazil plant

Nissan to spend $1.4 billion on new Brazil plant

Japanese automaker Nissan Motor Co, Ltd said it would invest 2.6 billion reais ($1.42 billion) to build a new factory in Brazil as it aims to triple its market share in Latin America's largest economy by 2016.
Published 10 Oct, 2011 12:00am
IAG to look at Portugal's TAP when sale starts

IAG to look at Portugal's TAP when sale starts

International Airlines Group (IAG), formed by the merger of British Airways and Iberia, will look at Air Portugal (TAP) when the Portuguese government starts the formal sale process, its chief executive said on October 7. The troubled Portuguese state car
Published 10 Oct, 2011 12:00am
Jobs made technology 'beautiful'

Jobs made technology 'beautiful'

Major Apple supplier Foxconn, a Taiwan IT giant, hailed the US firm's late founder Steve Jobs October 6, calling him a visionary who helped make technology "beautiful" and changed lives around the world.
Published 10 Oct, 2011 12:00am
'iPhone 4S'

'iPhone 4S'

Apple on October 4 unveiled a more powerful iPhone with a built-in "personal assistant" that responds to voice commands. Hot new features in iPhone 4S included a speedier processor and a camera that takes high-definition video.
Published 10 Oct, 2011 12:00am
South Koreans start using mobiles at 10

South Koreans start using mobiles at 10

More than 90 percent of schoolchildren in South Korea own a mobile phone and they start using them at an average age of 10 years and fours months, according to a survey published October 7. The study, conducted by a local politician and Dankook University
Published 10 Oct, 2011 12:00am
Google Earth reaches one billion downloads

Google Earth reaches one billion downloads

The planet's computer users have downloaded Google Earth more than one billion times, the company said on October 5 in an official blog.
Published 10 Oct, 2011 12:00am
Online platform collects YouTube videos

Online platform collects YouTube videos

YouTube fans are familiar with the problem of finding and playing consecutive sections of a video that have been broken up into different files. The US Network Awesome takes care of that by placing six shows a day on its server that "stitch" together the
Published 10 Oct, 2011 12:00am
How Steve Jobs shaped modern technology

How Steve Jobs shaped modern technology

In the hours after the death of Apple Inc co-founder Steve Jobs, tributes poured in noting his unmatched influence on the computer, film, music and mobile phone industries. The following is a timeline of key moments in Jobs' career that also marked histor
Published 10 Oct, 2011 12:00am
Loss of Steve Jobs makes world 'iSad'

Loss of Steve Jobs makes world 'iSad'

Steve Jobs touched so many lives that people around the world turned "iSad" on October 5, pausing to share thoughts about the charismatic innovator who shaped modern culture. Tributes poured in from notables from US President Barack Obama to Bill Gates, b
Published 10 Oct, 2011 12:00am
Oracle's Ellison shows off new tech hardware

Oracle's Ellison shows off new tech hardware

Oracle chief executive Larry Ellison unveiled new all-in-one data centre products as the world's No.3 software maker steps up its move into the hardware market.
Published 10 Oct, 2011 12:00am
Nokia to unveil first Windows phones this quarter

Nokia to unveil first Windows phones this quarter

Nokia will unveil its first Windows-based smartphones this quarter, targeting a "clear opportunity" for an alternative to the products of big-hitters Apple and Google, the Finnish firm's chief executive said on October 4.
Published 10 Oct, 2011 12:00am
Mobile-loving Thais still waiting for full 3G

Mobile-loving Thais still waiting for full 3G

While BlackBerrys and iPhones are fast becoming must-have accessories for many urban Thais, mobile Internet in the kingdom is still struggling to get out of the slow lane.
Published 10 Oct, 2011 12:00am
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