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Archive - 2011-10-24
NZ Q3 consumer price index up 0.4pc
Top News

NZ Q3 consumer price index up 0.4pc

WELLINGTON: The third quarter consumers price index (CPI) was released by Statistics New Zealand (SNZ) on Tuesday. Econ
Published 24 Oct, 2011 10:23pm
Romania budget deficit go below 3pc
Top News

Romania budget deficit go below 3pc

BUCHAREST: Romania's government should build the country's 2012 budget on a deficit much lower than the targeted 3 perce
Published 24 Oct, 2011 05:05pm
Russia to fix copper export tariff
Top News

Russia to fix copper export tariff

MOSCOW : Russia will peg its export tariff for copper, currently fixed at 10 percent of the customs value of the metal
Published 24 Oct, 2011 04:47pm
Zuma sacks two ministers
Africa

Zuma sacks two ministers

PRETORIA: South African President Jacob Zuma sacked two cabinet ministers implicated in graft and suspended the nation's
Published 24 Oct, 2011 04:31pm
Weekly inflation witnesses increase
Top News

Weekly inflation witnesses increase

ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on October 20, for the lowest income group up to Rs.8
Published 24 Oct, 2011 04:19pm
Moonis leaves for London
Pakistan

Moonis leaves for London

LAHORE : PML-Q central leader Moonis Elahi left here for London to condole death of his father-in-law. Jehangir Sal
Published 24 Oct, 2011 12:46pm
Growers advised to start cotton picking
Top News

Growers advised to start cotton picking

LAHORE: The Punjab Agriculture Department has advised growers to start picking cotton after 40 to 50 percent bolls are m
Published 24 Oct, 2011 12:24pm
Senate session on October 26
Pakistan

Senate session on October 26

ISLAMABAD : The President of Pakistan has rescheduled the session of the Senate to meet in the Parliament Building o
Published 24 Oct, 2011 12:10pm
Pakistan mourns former first lady Bhutto
Top News

Pakistan mourns former first lady Bhutto

ISLAMABAD: Pakistan shut down Monday to mourn the death of Nusrat Bhutto, former first lady and mother of assassinated P
Published 24 Oct, 2011 07:24am
Teenager kills eight members of family

Teenager kills eight members of family

A teenager shot dead his parents and six siblings in Gujranwala district on Sunday because his father could not feed the family, police said. Mohammad Afzal, 19, is believed to have drugged his parents, two sisters, and four brothers, before tying them up
Published 24 Oct, 2011 12:00am
Teenager kills eight members of family

Teenager kills eight members of family

A teenager shot dead his parents and six siblings in Gujranwala district on Sunday because his father could not feed the family, police said. Mohammad Afzal, 19, is believed to have drugged his parents, two sisters, and four brothers, before tying them up
Published 24 Oct, 2011 12:00am
Cabinet to approve PTA with Indonesia

Cabinet to approve PTA with Indonesia

The Federal Cabinet is all set to approve the 'Preferential Trade Agreement' (PTA) with Indonesia, with the main beneficiary purportedly being edible oil importers. The meeting will be presided over by Prime Minister Yousaf Raza Gilani, who is scheduled t
Published 24 Oct, 2011 12:00am
Cabinet to approve PTA with Indonesia

Cabinet to approve PTA with Indonesia

The Federal Cabinet is all set to approve the 'Preferential Trade Agreement' (PTA) with Indonesia, with the main beneficiary purportedly being edible oil importers. The meeting will be presided over by Prime Minister Yousaf Raza Gilani, who is scheduled t
Published 24 Oct, 2011 12:00am
Cabinet to approve PTA with Indonesia

Cabinet to approve PTA with Indonesia

The Federal Cabinet is all set to approve the ''Preferential Trade Agreement'' (PTA) with Indonesia, with the main beneficiary purportedly being edible oil importers. The meeting will be presided over by Prime Minister Yousaf Raza Gilani, who is scheduled
Published 24 Oct, 2011 12:00am
Pakistan releases Indian helicopter that crossed border

Pakistan releases Indian helicopter that crossed border

Pakistan released an Indian army helicopter just hours after it strayed across the tense border between the two countries on Sunday, officials said, underscoring a desire by the old rivals to avoid any crisis as they try to improve ties.
Published 24 Oct, 2011 12:00am
Pakistan releases Indian helicopter that crossed border

Pakistan releases Indian helicopter that crossed border

Pakistan released an Indian army helicopter just hours after it strayed across the tense border between the two countries on Sunday, officials said, underscoring a desire by the old rivals to avoid any crisis as they try to improve ties.
Published 24 Oct, 2011 12:00am
Pakistan not isolated: Prime Minister

Pakistan not isolated: Prime Minister

Prime Minister Yousuf Raza Gilani here on Sunday stated that with election of Pakistan in UN Security Council the notion of the country being isolated in international scenario should wither away. He said this in the company of PML-Q leaders Shujaat Hussa
Published 24 Oct, 2011 12:00am
Pakistan not isolated: Prime Minister

Pakistan not isolated: Prime Minister

Prime Minister Yousuf Raza Gilani here on Sunday stated that with election of Pakistan in UN Security Council the notion of the country being isolated in international scenario should wither away. He said this in the company of PML-Q leaders Shujaat Hussa
Published 24 Oct, 2011 12:00am
THE RUPEE: all round losses

THE RUPEE: all round losses

The rupee suffered all round losses against both dollar and euro during the week ended on October 22, 2011. In interbank dealings, the rupee lost 19 paisa in relation to dollar for buying at 86.70 and 20 paisa for selling at 86.75.
Published 24 Oct, 2011 12:00am
THE RUPEE: all round losses

THE RUPEE: all round losses

The rupee suffered all round losses against both dollar and euro during the week ended on October 22, 2011. In interbank dealings, the rupee lost 19 paisa in relation to dollar for buying at 86.70 and 20 paisa for selling at 86.75.
Published 24 Oct, 2011 12:00am
BEGUM BHUTTO DIES

BEGUM BHUTTO DIES

Former chairperson of the Pakistan People's Party (PPP) and first lady, Begum Nusrat Bhutto, died at the age of 82 in Dubai on Sunday after protracted illness. The body of Begum Bhutto will be brought to Sukkur from Dubai on a chartered flight on Monday m
Published 24 Oct, 2011 12:00am
BEGUM BHUTTO DIES

BEGUM BHUTTO DIES

Former chairperson of the Pakistan People's Party (PPP) and first lady, Begum Nusrat Bhutto, died at the age of 82 in Dubai on Sunday after protracted illness. The body of Begum Bhutto will be brought to Sukkur from Dubai on a chartered flight on Monday m
Published 24 Oct, 2011 12:00am
Surcharge on pro rata basis on income tax challenged

Surcharge on pro rata basis on income tax challenged

A constitutional petition, challenging Federal Board of Revenue's (FBR's) decision and directive that "the surcharge is to be computed at the rate of 15 percent on income tax payable for three and a half months on pro rata basis instead of actual basis,"
Published 24 Oct, 2011 12:00am
Surcharge on pro rata basis on income tax challenged

Surcharge on pro rata basis on income tax challenged

A constitutional petition, challenging Federal Board of Revenue's (FBR's) decision and directive that "the surcharge is to be computed at the rate of 15 percent on income tax payable for three and a half months on pro rata basis instead of actual basis,"
Published 24 Oct, 2011 12:00am
Surcharge on pro rata basis on income tax challenged

Surcharge on pro rata basis on income tax challenged

A constitutional petition, challenging Federal Board of Revenue''s (FBR''s) decision and directive that "the surcharge is to be computed at the rate of 15 percent on income tax payable for three and a half months on pro rata basis instead of actual basis,
Published 24 Oct, 2011 12:00am
Huge turnout in Tunisia's Arab Spring election

Huge turnout in Tunisia's Arab Spring election

Tunisians formed snaking queues in the sun to vote in their first free elections Sunday, basking in their status as democratic trail-blazers nine months after ousting a dictator and giving birth to the Arab Spring.
Published 24 Oct, 2011 12:00am
Huge turnout in Tunisia's Arab Spring election

Huge turnout in Tunisia's Arab Spring election

Tunisians formed snaking queues in the sun to vote in their first free elections Sunday, basking in their status as democratic trail-blazers nine months after ousting a dictator and giving birth to the Arab Spring.
Published 24 Oct, 2011 12:00am
Arab unrest: perspectives - XLII

Arab unrest: perspectives - XLII

Crown Prince Sultan bin Abdul Aziz, 86, dies while King Abdullah, 87, remains in hospital at a time when there is growing Arab unrest in the Middle East and North Africa. The strength and message of the Arab Spring is so universal that many global analyst
Published 24 Oct, 2011 12:00am
Arab unrest: perspectives - XLII

Arab unrest: perspectives - XLII

Crown Prince Sultan bin Abdul Aziz, 86, dies while King Abdullah, 87, remains in hospital at a time when there is growing Arab unrest in the Middle East and North Africa. The strength and message of the Arab Spring is so universal that many global analyst
Published 24 Oct, 2011 12:00am
Euro crisis rescue deal takes shape

Euro crisis rescue deal takes shape

Europe closed in on a broad agreement Sunday to tackle the euro crisis and pressed Italy to slash its debt mountain to reassure jittery financial markets. European Union leaders came together on the big issue - over the best approach to take to boost the
Published 24 Oct, 2011 12:00am
Euro crisis rescue deal takes shape

Euro crisis rescue deal takes shape

Europe closed in on a broad agreement Sunday to tackle the euro crisis and pressed Italy to slash its debt mountain to reassure jittery financial markets. European Union leaders came together on the big issue - over the best approach to take to boost the
Published 24 Oct, 2011 12:00am
Euro crisis rescue deal takes shape

Euro crisis rescue deal takes shape

Europe closed in on a broad agreement Sunday to tackle the euro crisis and pressed Italy to slash its debt mountain to reassure jittery financial markets. European Union leaders came together on the big issue - over the best approach to take to boost the
Published 24 Oct, 2011 12:00am
APTTA goods transit: FBR agrees to Afghan importers' major proposals

APTTA goods transit: FBR agrees to Afghan importers' major proposals

The Federal Board of Revenue (FBR) has, in principle, agreed to a major proposal of the Afghan importers to allow transit of goods without customs bonded carriers in cases where the insurance guarantees has been duly deposited against the transit trade co
Published 24 Oct, 2011 12:00am
APTTA goods transit: FBR agrees to Afghan importers' major proposals

APTTA goods transit: FBR agrees to Afghan importers' major proposals

The Federal Board of Revenue (FBR) has, in principle, agreed to a major proposal of the Afghan importers to allow transit of goods without customs bonded carriers in cases where the insurance guarantees has been duly deposited against the transit trade co
Published 24 Oct, 2011 12:00am
APTTA goods transit: FBR agrees to Afghan importers'' major proposals

APTTA goods transit: FBR agrees to Afghan importers'' major proposals

The Federal Board of Revenue (FBR) has, in principle, agreed to a major proposal of the Afghan importers to allow transit of goods without customs bonded carriers in cases where the insurance guarantees has been duly deposited against the transit trade co
Published 24 Oct, 2011 12:00am
APTTA goods transit: FBR agrees to Afghan importers'''' major proposals

APTTA goods transit: FBR agrees to Afghan importers'''' major proposals

The Federal Board of Revenue (FBR) has, in principle, agreed to a major proposal of the Afghan importers to allow transit of goods without customs bonded carriers in cases where the insurance guarantees has been duly deposited against the transit trade co
Published 24 Oct, 2011 12:00am
Libya declares 'liberation': Qadhafi unburied

Libya declares 'liberation': Qadhafi unburied

Libya's new rulers declared the country freed from Muammar Qadhafi's 42 years of one-man rule on Sunday, saying the "Pharaoh of the times" was now in history's garbage bin and a future of democracy and postwar reconciliation beckoned.
Published 24 Oct, 2011 12:00am
Libya declares 'liberation': Qadhafi unburied

Libya declares 'liberation': Qadhafi unburied

Libya's new rulers declared the country freed from Muammar Qadhafi's 42 years of one-man rule on Sunday, saying the "Pharaoh of the times" was now in history's garbage bin and a future of democracy and postwar reconciliation beckoned.
Published 24 Oct, 2011 12:00am
Qadhafi's son vows to fight on

Qadhafi's son vows to fight on

Saif al-Islam Qadhafi, the son of Libya's slain leader Moamer Qadhafi, vowed, in an audio message, to fight the country's transitional leaders and Nato, the broadcaster Al Arabiya reported Sunday. "We will continue resistance. Let the rats and Nato get lo
Published 24 Oct, 2011 12:00am
Qadhafi's son vows to fight on

Qadhafi's son vows to fight on

Saif al-Islam Qadhafi, the son of Libya's slain leader Moamer Qadhafi, vowed, in an audio message, to fight the country's transitional leaders and Nato, the broadcaster Al Arabiya reported Sunday. "We will continue resistance. Let the rats and Nato get lo
Published 24 Oct, 2011 12:00am
Quake hits Turkey: up to 1,000 feared dead

Quake hits Turkey: up to 1,000 feared dead

As many as 1,000 people were feared killed on Sunday when a powerful earthquake struck south-east Turkey, destroying dozens of buildings and trapping some victims alive under the debris. As night fell, emergency workers battled to dig people out of the ru
Published 24 Oct, 2011 12:00am
Quake hits Turkey: up to 1,000 feared dead

Quake hits Turkey: up to 1,000 feared dead

As many as 1,000 people were feared killed on Sunday when a powerful earthquake struck south-east Turkey, destroying dozens of buildings and trapping some victims alive under the debris. As night fell, emergency workers battled to dig people out of the ru
Published 24 Oct, 2011 12:00am
Pakistan sympathises; offers aid

Pakistan sympathises; offers aid

The Pakistani nation is deeply shocked over the terrible news of a strong earthquake that hit the eastern region of Van, Turkey, said a Pakistan Embassy statement issued here on Sunday. The statement said, "The Pakistani nation stands with our Turkish bre
Published 24 Oct, 2011 12:00am
Pakistan sympathises; offers aid

Pakistan sympathises; offers aid

The Pakistani nation is deeply shocked over the terrible news of a strong earthquake that hit the eastern region of Van, Turkey, said a Pakistan Embassy statement issued here on Sunday. The statement said, "The Pakistani nation stands with our Turkish bre
Published 24 Oct, 2011 12:00am
Index loses 462.84 points

Index loses 462.84 points

Bearish trend was witnessed at Karachi share market during the week ended on October 22, 2011 and the KSE-100 index declined by 462.84 points to close at 11,525.25 points. Heavy foreign outflows and investors' concerns over the prevailing gas shortage for
Published 24 Oct, 2011 12:00am
Index loses 462.84 points

Index loses 462.84 points

Bearish trend was witnessed at Karachi share market during the week ended on October 22, 2011 and the KSE-100 index declined by 462.84 points to close at 11,525.25 points. Heavy foreign outflows and investors' concerns over the prevailing gas shortage for
Published 24 Oct, 2011 12:00am
Index loses 462.84 points

Index loses 462.84 points

Bearish trend was witnessed at Karachi share market during the week ended on October 22, 2011 and the KSE-100 index declined by 462.84 points to close at 11,525.25 points. Heavy foreign outflows and investors'' concerns over the prevailing gas shortage fo
Published 24 Oct, 2011 12:00am
Futures open interest up three percent

Futures open interest up three percent

The total open interest position at the futures counter increased by Rs 58 million or 3 percent to Rs 2 billion during the week ended on October 22, 2011. On the other hand, future spread declined by 79bps on week-on-week basis to 10.65 percent.
Published 24 Oct, 2011 12:00am
Futures open interest up three percent

Futures open interest up three percent

The total open interest position at the futures counter increased by Rs 58 million or 3 percent to Rs 2 billion during the week ended on October 22, 2011. On the other hand, future spread declined by 79bps on week-on-week basis to 10.65 percent.
Published 24 Oct, 2011 12:00am
Futures open interest up three percent

Futures open interest up three percent

The total open interest position at the futures counter increased by Rs 58 million or 3 percent to Rs 2 billion during the week ended on October 22, 2011. On the other hand, future spread declined by 79bps on week-on-week basis to 10.65 percent.
Published 24 Oct, 2011 12:00am
PEC for establishing 'national climate fund'

PEC for establishing 'national climate fund'

Pakistan Enginee-ring Congress has suggested the government to create a 'national climate fund' to meet the expected losses from natural calamities like floods and earthquakes. "Pakistan faces environmental issues owing to global changes, hence there is a
Published 24 Oct, 2011 12:00am
Government should purchase 2.5 million bales through TCP: PCGA

Government should purchase 2.5 million bales through TCP: PCGA

Government should intervene to save cotton growers and ginners from financial losses and it should purchase 2 or 2.5 million bales through Trading Corporation of Pakistan (TCP) because 3.4 million bales are excessive of local consumption, said Amanullah Q
Published 24 Oct, 2011 12:00am
MFN status to India criticised

MFN status to India criticised

Indian national flag was burnt and a rally was organised, here on Sunday, as a protest against declaring India as the most favourite nation (MFN) and extending bilateral trade with the neighbouring country. The rally began from Chowk Kutchery and ended at
Published 24 Oct, 2011 12:00am
Heirs of dengue victims: distribution of financial assistance begins

Heirs of dengue victims: distribution of financial assistance begins

Distribution of financial assistance to the heirs of those who died due to dengue virus has been started and a most transparent policy has been evolved in this regard and the particulars of the deceased have been prepared after thorough scrutiny.
Published 24 Oct, 2011 12:00am
Woman, daughter killed

Woman, daughter killed

A woman and her daughter were killed by unidentified persons at Jhuggi Nagran in Nawankot here on Sunday. Police said that Muhammad Nawaz slept on the rooftop of his house while his wife Afzal Bibi, 55, and daughter Nighat Bibi, 22, slept in the room. Aft
Published 24 Oct, 2011 12:00am
Complete overhauling of Tevta demanded

Complete overhauling of Tevta demanded

Socio-political circles have appealed to Punjab Chief Minister to take immediate drastic steps for complete overhauling of Technical Education and Vocational Authority (Tevta) from top to bottom. The Tevta has failed to produce skilled and semi-skilled wo
Published 24 Oct, 2011 12:00am
Farmers demand 30 percent increase in wheat price

Farmers demand 30 percent increase in wheat price

Farmers of Punjab have demanded at least 30 percent increase in the wheat support price after 100 percent increase in the cost of production otherwise Pakistan would again enter into import regime next year.
Published 24 Oct, 2011 12:00am
IEEEP council meets to finalise conference on power crisis

IEEEP council meets to finalise conference on power crisis

The Central Council of Institution of Electrical and Electronics Engineers of Pakistan (IEEEP), met under its President Engr Tahir Basharat Cheema here on Sunday to finalise the holding of a national conference on electric power deficit. The conference is
Published 24 Oct, 2011 12:00am
National immunisation drive against polio from today

National immunisation drive against polio from today

A three-day national immunisation campaign against polio would commence from today (Monday) during which more than 16 million children of up to five year of age would be administered polio vaccine drops. A spokesman of Health Department Punjab Sunday info
Published 24 Oct, 2011 12:00am
Prime Minister condoles with President

Prime Minister condoles with President

Prime Minister Syed Yousuf Raza Gilani on Sunday spoke to President Asif Ali Zardari over telephone and conveyed his deepest condolences on the sad demise of Begum Nusrat Bhutto. The Prime Minister said Begum Nusrat Bhutto's contribution for democracy, re
Published 24 Oct, 2011 12:00am
Nusrat Bhutto's death a national loss: Minister

Nusrat Bhutto's death a national loss: Minister

Senior Provincial Minister and PPP leader, Rahimdad Khan said on Sunday Begum Nusrat Bhutto was a symbol of courage and determination and never compromise on his principles. Talking to APP on death of Begum Nusrat Bhutto here at Dubai, he said death of Nu
Published 24 Oct, 2011 12:00am
Auto Pakistan Show from today

Auto Pakistan Show from today

The inaugural ceremony of the international Auto Pakistan Show will be held at Expo Centre here on Monday. According to a press release issued here on Sunday, more than 130 national and international auto companies are exhibiting their products including
Published 24 Oct, 2011 12:00am
'Arrangements being made to bring body of Nusrat to Pakistan'

'Arrangements being made to bring body of Nusrat to Pakistan'

Minster for Information and Broadcasting Dr Firdous Ashiq Awan on Sunday evening said that necessary arrangements are being given final touches for bringing dead body of Begum Nusrat Bhutto to Pakistan. The date and time of burial would be announced by Sa
Published 24 Oct, 2011 12:00am
Naek, Jamali condole demise

Naek, Jamali condole demise

Acting President Farooq H. Naek and Acting Chairman Senate Mir Jan Muhammad Khan Jamali have expressed grief and sorrow over the demise of Begum Nusrat Bhutto, mother of ex Prime Minister Shaheed Benazir Bhutto and mother-in-law of the President Asif Ali
Published 24 Oct, 2011 12:00am
Imran condoles death

Imran condoles death

Chairman Pakistan Tehreek-e-Insaf (PTI), Imran Khan has expressed his grief and sorrow over the demise of Begum Nusrat Bhutto, mother of ex Prime Minister Benazir Bhutto and mother-in-law of President, Asif Ali Zardari, who died in Dubai on Sunday due to
Published 24 Oct, 2011 12:00am
Altaf expresses grief

Altaf expresses grief

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has expressed deep grief and sorrow over demise of Begum Nusrat Bhutto, widow of former Prime Minister Zulfikar Ali Bhutto and mother of Shaheed Mohtarma Benazir Bhutto and mother-in-law of President Asif
Published 24 Oct, 2011 12:00am
Holiday in Sindh today

Holiday in Sindh today

Sindh government has declared October 24 as public holiday across Sindh province, due to the death of Begum Nusrat Bhutto, former chairperson Pakistan Peoples Party (PPP) and mother of former prime minister Shaheed Mohtarma Benazir Bhutto.
Published 24 Oct, 2011 12:00am
PPP suspends all political activities

PPP suspends all political activities

Pakistan People's Party (PPP) has suspended all political activities to mourn the death of Begum Nusrat Bhutto. This was announced here on Sunday by Incharge Bilawal House Ejaz Durrani. He said that all political activities of the party have been suspende
Published 24 Oct, 2011 12:00am
Supreme Court to remain closed today

Supreme Court to remain closed today

The Supreme Court of Pakistan will remain closed on Monday on account of a public holiday announced by the government. All the cases fixed before the four benches for October 24 have been adjourned, said a press release issued here on Sunday.
Published 24 Oct, 2011 12:00am
'Media role is must for agriculture development'

'Media role is must for agriculture development'

Provincial Minister for Agriculture, Malik Ahmad Ali Aulakh has said that media is of paramount importance in the development of agriculture. Print and electronic media can play an important role for conveying modern agricultural research to the farmers.
Published 24 Oct, 2011 12:00am
'Textile millers always supported, protected rights of growers'

'Textile millers always supported, protected rights of growers'

Chairman, All Pakistan Textile Mills Association (APTMA), Mohsin Aziz said that the textile millers have always supported and protected rights of the growers. "We did never adopt victimising and monopolising policy in our trade and have been supporting fa
Published 24 Oct, 2011 12:00am
KP to invite EoI for running CNG vehicles

KP to invite EoI for running CNG vehicles

The Department of Transport, Khyber Pakhunkhwa has approved new routes for CNG 14 seated vehicles and asked the authorities concerned for inviting the express of interest (EoI) from the reputed and experienced local and international firms and companies f
Published 24 Oct, 2011 12:00am
Two LEA officials shot dead

Two LEA officials shot dead

Two law enforcement agencies officials were killed in firing by unidentified armed men in Chamallang area on Sunday. Local Levies sources said the deceased had been identified as Muhammad Hussain and Afradullah. The reason behind the incident could not be
Published 24 Oct, 2011 12:00am
Three-day anti-polio drive begins in KP

Three-day anti-polio drive begins in KP

About 0.1 million children below the age of five will be targeted during anti-polio drive in Federally Administrated Tribal Areas (FATA), as three-day polio eradication campaign kicked off Sunday in the province.
Published 24 Oct, 2011 12:00am
Civil society widely grieved over death of Begum Bhutto

Civil society widely grieved over death of Begum Bhutto

Represent-atives of civil society, the business community and political leaders have expressed their deepest condolence on the demise of Shaheed Zulfikar Ali Bhutto's widow Begum Nusrat Bhutto who passed away in Dubai on Sunday at the age of 82.
Published 24 Oct, 2011 12:00am
City cattle market: animal prices increase manifold

City cattle market: animal prices increase manifold

Skyrocketing price of sacrificial animals this year daunts the majority of buyers to perform their religious obligations on fast approaching Eid-ul-Azha as major cattle market of city witnessing manifold rise in the prices of animals including cow, bull,
Published 24 Oct, 2011 12:00am
Ineffective rain relief work criticised

Ineffective rain relief work criticised

President Hyderabad Chamber of Commerce & Industries (HCCI), Goharullah and the members of Executive Committee in their joint press statement expressed concern over the poor progress of district government. They said that recent heavy rains have damaged t
Published 24 Oct, 2011 12:00am
Britain warns crisis could sideline non-euro countries

Britain warns crisis could sideline non-euro countries

British Prime Minister David Cameron warned Sunday that countries outside the eurozone risked being frozen out amid efforts for a pooled response to the crisis crippling the 17-nation single currency bloc.
Published 24 Oct, 2011 12:00am
EU gives 10 million euros in aid after south-east Asia floods

EU gives 10 million euros in aid after south-east Asia floods

Europe is to send 10 million euros (13.8 million dollars) to help the hundreds of thousands of victims of the massive flooding in and around Thailand, the European Commission announced Friday. The money will go towards helping people hit by the flooding i
Published 24 Oct, 2011 12:00am
Myanmar flash floods kill more than 100

Myanmar flash floods kill more than 100

More than 100 people were killed in flash floods caused by heavy storms in central Myanmar this week, an official in the military-dominated country said on Sunday. "So far, 35 dead bodies were found out of 106 missing people. The other 71 people are also
Published 24 Oct, 2011 12:00am
Kenya, Somali troops close in on key rebel town

Kenya, Somali troops close in on key rebel town

Kenyan and Somali government troops edged closer on Sunday to a town in southern Somalia where al Qaeda-inspired rebels have grouped, hoping to strike a quick blow against them. The al Shabaab rebels, blamed by Nairobi for several kidnappings of foreigner
Published 24 Oct, 2011 12:00am
Bahrain medics appeal jail terms

Bahrain medics appeal jail terms

Twenty Bahraini medics handed long jail terms for their role during anti-regime protests launched an appeal on Sunday, authorities and a defendant said. The doctors, nurses, and paramedics were initially tried and convicted in the military-run National Sa
Published 24 Oct, 2011 12:00am
Hollande extends lead in French president race

Hollande extends lead in French president race

Socialist party candidate Francois Hollande has extended his lead over incumbent Nicolas Sarkozy in the race to become France's next president, a poll released on Sunday said.
Published 24 Oct, 2011 12:00am
Bomber killed before attack on Afghan Minister's car

Bomber killed before attack on Afghan Minister's car

A suicide bomber targeted the Afghan interior minister's car in a convoy north of Kabul on Sunday, the ministry said, but the minister was not in the vehicle at the time and the attacker was killed before he could detonate his explosives.
Published 24 Oct, 2011 12:00am
Newspapers multiply as Libya enjoys press freedom

Newspapers multiply as Libya enjoys press freedom

Some 200 independent publications have sprung up in Libya since the fall of Muammar Qadhafi, and newsagents say clients leave their shops with armfuls of papers to ensure they do not miss any news. It is a small price to pay for freedom, they say.
Published 24 Oct, 2011 12:00am
EU leaders threaten Iran and Syria with more sanctions

EU leaders threaten Iran and Syria with more sanctions

European leaders warned Iran on Sunday it would face tougher sanctions if it failed to address concerns about its nuclear programme and said they would tighten restrictions on Syria if it continued to repress its population.
Published 24 Oct, 2011 12:00am
Argentina's president heads to re-election

Argentina's president heads to re-election

Argentine President Cristina Fernandez was headed for easy re-election on Sunday, winning 55 percent of the vote with a huge lead over her nearest rival, according to two sources with access to an exit poll.
Published 24 Oct, 2011 12:00am
Biden leaves door ajar on 2016 presidential run

Biden leaves door ajar on 2016 presidential run

US Vice President Joe Biden is not ruling out a tilt for the top job himself in 2016, although he stresses his current focus is on reelecting Barack Obama next year. Biden, who ran twice for president before becoming Obama's running-mate in 2008, was aske
Published 24 Oct, 2011 12:00am
Saudi King prepares key appointments after heir dies

Saudi King prepares key appointments after heir dies

Saudi Arabia mourned on Sunday the death of Crown Prince Sultan, as King Abdullah prepared to nominate his new heir and choose a new occupant of the key defence minister's job. With much of the rest of the Middle East in turmoil, US Defence Secretary Leon
Published 24 Oct, 2011 12:00am
Saudi bourse will open to foreigners shortly

Saudi bourse will open to foreigners shortly

Saudi Arabia could shortly open its stock exchange to foreign investors, Deutsche Bank's head of MENA equities said, a move which would allow international capital to own shares outright on the Middle East's largest bourse for the first time. "I do see it
Published 24 Oct, 2011 12:00am
Mideast markets: Abu Dhabi slumps to new lows; others muted

Mideast markets: Abu Dhabi slumps to new lows; others muted

Abu Dhabi's shares slumped to a fresh 30-month low, while trading was muted in most Gulf markets as investors waited for cues from European Union leaders' summit that kicked off late Sunday. Volumes in UAE's capital fell to their lowest in over two years
Published 24 Oct, 2011 12:00am
London awaits eurozone rescue plan, energy sector results

London awaits eurozone rescue plan, energy sector results

London investors will focus next week on crucial details of a eurozone crisis rescue plan, alongside company results from the likes of British energy majors BP and Royal Shell Shell. The FTSE 100 index of leading shares rose 0.41 percent from a week earli
Published 24 Oct, 2011 12:00am
Romania debt yield demand too high

Romania debt yield demand too high

Investors in Romanian treasuries are seeking yields that are too high given the country's improving economic fundamentals and falling inflation, a deputy finance minister said on Friday. Romanian debt managers have been struggling to sell debt at costs th
Published 24 Oct, 2011 12:00am
US banks keen on stock buybacks, regulators wary

US banks keen on stock buybacks, regulators wary

US bank executives are eager to buy back their stocks at depressed prices, but regulators appear to be reining them in, showing a clear disagreement over how risky the financial world is today and how much banks need to conserve capital.
Published 24 Oct, 2011 12:00am
Wall Street Weekahead: earnings forecasts look less bright

Wall Street Weekahead: earnings forecasts look less bright

Prospects for corporate earnings are dimmer in the coming quarters - even though reports so far this quarter have been relatively bright. Third-quarter reports among the big names have been reasonably solid, with Google, McDonald's and othhers reporting s
Published 24 Oct, 2011 12:00am
Tokyo stocks seen volatile next week

Tokyo stocks seen volatile next week

Tokyo stocks are expected to seesaw next week due to the ongoing uncertainty surrounding European leaders' efforts to tackle the debt crisis, while eyes will also be on Japanese earnings reports.
Published 24 Oct, 2011 12:00am
Macedonia scraps 2011 bond plan

Macedonia scraps 2011 bond plan

Macedonia's prime minister said on Wednesday that the government had shelved plans to launch a long-delayed Eurobond this year but may instead tap global financing next spring, either through a bond or a bank loan with partial World Bank guarantee.
Published 24 Oct, 2011 12:00am
Macedonia scraps 2011 bond plan

Macedonia scraps 2011 bond plan

Macedonia's prime minister said on Wednesday that the government had shelved plans to launch a long-delayed Eurobond this year but may instead tap global financing next spring, either through a bond or a bank loan with partial World Bank guarantee.
Published 24 Oct, 2011 12:00am
China to slow yuan rises but repeg unlikely

China to slow yuan rises but repeg unlikely

China is set to show the world that its currency policy begins and ends at home, slowing down the yuan's appreciation to shield exporters from a global economic downturn and show US lawmakers they cannot push the pace of reform.
Published 24 Oct, 2011 12:00am
Turkish lira to stage modest recovery through 2012

Turkish lira to stage modest recovery through 2012

Turkey's lira, which has underperformed other emerging currencies this year, will mount a weak recovery through 2012, according to a Reuters poll, as a gaping current account deficit and risk aversion limits gains.
Published 24 Oct, 2011 12:00am
Juncker criticises Germany for slow move on debt crisis

Juncker criticises Germany for slow move on debt crisis

Eurogroup head Jean-Claude Juncker criticised Germany's slow pace in dealing with the eurozone debt crisis in an interview published in Der Spiegel magazine on Sunday. "The pace of organisation in Berlin is slower than in other capitals," said Juncker, ch
Published 24 Oct, 2011 12:00am
German tax revenues surge despite slowdown

German tax revenues surge despite slowdown

Germany's federal tax revenues could exceed expectations by as much as 10 billion euros ($13.9 billion) this year and surpass forecasts again in 2012 as well despite slowing economic growth, Der Spiegel magazine reported on Sunday.
Published 24 Oct, 2011 12:00am
Japan's Tepco to sell 20 percent stake in wind power unit

Japan's Tepco to sell 20 percent stake in wind power unit

Tokyo Electric Power Co is likely to sell a 20 percent stake in wind power developer Eurus Energy Holdings to trading firm Toyota Tsusho to help raise funds to compensate victims of Japan's nuclear crisis, a newspaper said on Sunday.
Published 24 Oct, 2011 12:00am
Jobs a priority despite economic headwinds: Wen Jiabao

Jobs a priority despite economic headwinds: Wen Jiabao

China will make job creation a more urgent priority in the face of slowed economic growth and weakened exports, Premier Wen Jiabao said in comments published on Sunday, also warning that efforts to tame housing prices were at a critical point.
Published 24 Oct, 2011 12:00am
Hong Kong September air cargo falls six percent on global downturn

Hong Kong September air cargo falls six percent on global downturn

Hong Kong International Airport (HKIA), the world's busiest air cargo hub, posted a 6.1 percent decline in September cargo volume, as the European and US economic woes dampen consumer demand for high-value exports from Asia, especially China. Air cargo is
Published 24 Oct, 2011 12:00am
Bangladesh to appoint Grameen Bank chief in three months

Bangladesh to appoint Grameen Bank chief in three months

Bangladesh needed three months to find a replacement for Grameen Bank founder Muhammad Yunus, who resigned in May after losing an age-discrimination lawsuit, Finance Minister Abul Maal Abdul Muhith said Sunday.
Published 24 Oct, 2011 12:00am
Japan may raise sales tax in two stages

Japan may raise sales tax in two stages

Japan's government is considering doubling the 5 percent consumption tax by the middle of the decade in two stages, Vice Finance Minister Fumihiko Igarashi said on Sunday. Japan has been considering a proposal to increase the tax, among the lowest in majo
Published 24 Oct, 2011 12:00am
Dubai's Abraaj launches $50 million fund for Jordan firms

Dubai's Abraaj launches $50 million fund for Jordan firms

Dubai-based Abraaj capital launched on Sunday a $50 million fund to help finance small and medium-sized Jordanian firms, part of a $300-$400 million regional fund to invest in the largest business sector in the Arab world. "We are looking for companies wi
Published 24 Oct, 2011 12:00am
Dubai's Abraaj launches $50 million fund for Jordan firms

Dubai's Abraaj launches $50 million fund for Jordan firms

Dubai-based Abraaj capital launched on Sunday a $50 million fund to help finance small and medium-sized Jordanian firms, part of a $300-$400 million regional fund to invest in the largest business sector in the Arab world. "We are looking for companies wi
Published 24 Oct, 2011 12:00am
Eurozone mulls boosting EFSF insurance lever with IMF funds

Eurozone mulls boosting EFSF insurance lever with IMF funds

The mostly likely method for leveraging the eurozone's bailout fund involves using it to provide bond insurance while combining its firepower with a special purpose vehicle drawing in funds from China or Brazil, EU officials said.
Published 24 Oct, 2011 12:00am
Islamic markets seen leading global trade volumes

Islamic markets seen leading global trade volumes

Emerging and Islamic markets are expected to lead a growth in global trade volumes over the next fifteen years as non-traditional markets in Asia and Latin America drive demand, said a senior executive at HSBC's Islamic arm.
Published 24 Oct, 2011 12:00am
Forex gains help UAE NBAD beat third quarter forecasts

Forex gains help UAE NBAD beat third quarter forecasts

National Bank of Abu Dhabi, the largest lender by market value in the UAE, posted a 12.1 percent jump in third-quarter net profit, beating analysts forecasts as foreign exchange gains surged more than three-fold.
Published 24 Oct, 2011 12:00am
UBS to target 10-15 percent return on equity

UBS to target 10-15 percent return on equity

UBS will cut its return on equity target by 5 percentage points to 10-15 percent at an investor day next month when the Swiss bank is expected to announce shrinking its investment bank, a newspaper reported on Sunday.
Published 24 Oct, 2011 12:00am
UAE's Etisalat Indian unit to fight charges

UAE's Etisalat Indian unit to fight charges

UAE telecoms operator Etisalat on Sunday said Indian affiliate Etisalat DB would contest charges filed by Indian authorities relating to the allocation of its 2G licence in January 2008. India may have lost up to $39 billion in revenue when the telecoms m
Published 24 Oct, 2011 12:00am
Swiss banking group would support US tax deal

Swiss banking group would support US tax deal

The Swiss Banking Association would not oppose a proposal allowing the United States to get access to client data through group requests, a Swiss newspaper reported on Sunday. Switzerland is currently seeking to add to its double taxation agreement with t
Published 24 Oct, 2011 12:00am
About 130 arrested at Occupy Chicago protest

About 130 arrested at Occupy Chicago protest

About 130 protesters were arrested at an Occupy Chicago demonstration early on Sunday after they set up tents and refused to leave a public park after closing time, police said. The protests, which have spread across the United States and to other countri
Published 24 Oct, 2011 12:00am
Swiss anti-immigration party loses support in election

Swiss anti-immigration party loses support in election

The Swiss People's Party (SVP), which campaigned to stop an influx of immigrants, lost support in a parliamentary election on Sunday as voters, disillusioned with traditional politics, shifted their backing to smaller, fledgling parties.
Published 24 Oct, 2011 12:00am
Spanish, Italian aid workers abducted in Algeria

Spanish, Italian aid workers abducted in Algeria

Sahrawi authorities are searching for the kidnappers of two Spanish aid workers and an Italian who were abducted from a refugee camp near Tindouf in western Algeria overnight, officials said on Sunday.
Published 24 Oct, 2011 12:00am
Colombian guerrilla attack kills 10 more soldiers

Colombian guerrilla attack kills 10 more soldiers

Leftist guerrillas killed 10 Colombian soldiers with an explosives attack on Saturday, raising to 20 the number killed in two days as a result of a rebel offensive before local elections on October 30. The attack took place in eastern Arauca province on t
Published 24 Oct, 2011 12:00am
Six Indian oil workers killed in Iran shipwreck

Six Indian oil workers killed in Iran shipwreck

Six Indian divers trapped inside an Iranian boat ferrying oil workers that sank in the Gulf on Thursday were found dead, having run out of oxygen before they could be rescued, the semi-official Fars news agency reported on Monday.
Published 24 Oct, 2011 12:00am
Eight killed in new Philippine rebel violence

Eight killed in new Philippine rebel violence

Suspected Muslim rebels shot dead three soldiers and five rubber plantation workers Sunday in the latest bout of violence that has killed dozens in the southern Philippines in days. The week's killings have put extreme pressure on President Benigno Aquino
Published 24 Oct, 2011 12:00am
Panetta backs developing military ties with Indonesia

Panetta backs developing military ties with Indonesia

US Defence Secretary Leon Panetta said Sunday that Washington will continue to develop military ties with Indonesia but keep a watchful eye on rights abuses, after over a decade of suspended co-operation.
Published 24 Oct, 2011 12:00am
Thousands protest in Italy against high-speed train

Thousands protest in Italy against high-speed train

Thousands of protesters marched against a planned high-speed train line in northern Italy on Sunday as police turned out in force fearing rioting by militants and hooligans. Hundreds of women led the peaceful procession from Giaglione to a construction si
Published 24 Oct, 2011 12:00am
Five runners killed in road accident in South Africa

Five runners killed in road accident in South Africa

South Africa's transport minister is calling for murder charges against an allegedly drunk driver accused of killing five runners who were training for a marathon. A sixth runner preparing for next month's Soweto Marathon was badly injured in Saturday's a
Published 24 Oct, 2011 12:00am
Man arrested after burning Bible during Vatican mass

Man arrested after burning Bible during Vatican mass

A man thought to be mentally ill burned a Bible Sunday during a mass by Pope Benedict XVI's at Rome's St Peter's Square. The man climbed up the square's columned entrance and lit the text while the pope delivered mass, Italy's Ansa news service reported.
Published 24 Oct, 2011 12:00am
Microsoft to launch Mango smartphones with Nokia, Samsung soon

Microsoft to launch Mango smartphones with Nokia, Samsung soon

Microsoft Corp , which has been trailing Apple Inc and Google Inc in the fast-growing smartphone market, said it will launch Mango-powered handsets from top makers including Nokia Oyj, Samsung Electronics Co Ltd and HTC Corp in coming weeks. The smartphon
Published 24 Oct, 2011 12:00am
HSBC sees Islamic serviced funds AUM hitting $10 billion

HSBC sees Islamic serviced funds AUM hitting $10 billion

HSBC Amanah, the Islamic arm of lender HSBC, expects a pipeline of 30 new Islamic funds to boost its assets under management (AUM) for serviced funds to $10 billion, its global head of securities services said on October 18. Germain Birgen said the bank c
Published 24 Oct, 2011 12:00am
Toyota to sell China-made hybrid vehicles by 2015

Toyota to sell China-made hybrid vehicles by 2015

Leading automaker Toyota said on October 22 it plans to start producing vehicles with Chinese-made hybrid systems by 2015, after it finishes building a research centre in the country. The energy-saving vehicles would be made and sold in China through Toyo
Published 24 Oct, 2011 12:00am
Yahoo! earnings not as dismal as expected

Yahoo! earnings not as dismal as expected

Struggling Internet pioneer Yahoo! beat Wall Street expectations even though its third quarter net profit dove 26 percent from a year earlier as revenue sank. Yahoo! had net earnings of $293 million on revenue of $1.072 billion in the quarter to September
Published 24 Oct, 2011 12:00am
Swiss watch chief sees more growth in 2012

Swiss watch chief sees more growth in 2012

Sales of Swiss watches will continue to expand in 2012, despite concerns about faltering economic growth, as exports of timepieces show no signs of weakening and inch towards a record high, the head of the Swiss Watch Association said.
Published 24 Oct, 2011 12:00am
Swiss watch chief sees more growth in 2012

Swiss watch chief sees more growth in 2012

Sales of Swiss watches will continue to expand in 2012, despite concerns about faltering economic growth, as exports of timepieces show no signs of weakening and inch towards a record high, the head of the Swiss Watch Association said.
Published 24 Oct, 2011 12:00am
Rio Tinto to streamline aluminium business

Rio Tinto to streamline aluminium business

Anglo-Australian mining giant Rio Tinto said on October 17 it plans to sell 13 aluminium businesses in Australia, Europe and the United States as it looks to trim its Alcan business. The company, which did not reveal how much it expected to raise from the
Published 24 Oct, 2011 12:00am
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