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Archive - 2011-10-31
OGRA reduces petroleum prices
Top News

OGRA reduces petroleum prices

ISLAMABAD: Prices of all petroleum products, except Diesel, have been reduced for November. According to a notification
Published 31 Oct, 2011 07:50pm
TCP awards 45,000 MT urea contract
Top News

TCP awards 45,000 MT urea contract

KARACHI: Trading Corporation of Pakistan (TCP) has awarded another contract for import of 45,000 metric tons of urea to
Published 31 Oct, 2011 05:04pm
EU ethanol firms demand subsidy inquiry
Top News

EU ethanol firms demand subsidy inquiry

BRUSSELS: European bio-ethanol producers have asked EU trade authorities to investigate whether their US rivals are rece
Published 31 Oct, 2011 04:13pm
LSE gains 134.44 points
Markets

LSE gains 134.44 points

LAHORE : The Lahore Stock Exchange gained 134.44 points on Monday, as LSE-25 Index opened with 3094.78 and closed at 322
Published 31 Oct, 2011 01:25pm
Senate session starts
Pakistan

Senate session starts

ISLAMABAD : The Session of the Upper House of the Parliament started here on Monday at 04:45 pm with the recitation fr
Published 31 Oct, 2011 01:17pm
Gold price decreases
Top News

Gold price decreases

RECORDER REPORT KARACHI : The price of gold on Monday fell to Rs56, 000 per tola posting a decline of Rs700 on the lo
Published 31 Oct, 2011 12:30pm
October CPI likely to fall further
Top News

October CPI likely to fall further

RECORDER REPORT KARACHI: The much-awaited Consumer Price Index (CPI) inflation number for the month of October is exp
Published 31 Oct, 2011 06:53am
Honda first half net profit falls 77pc
Top News

Honda first half net profit falls 77pc

TOKYO: Japanese automaker Honda on Monday said its net profit for the fiscal first half plunged 77.4 percent on-year, as
Published 31 Oct, 2011 06:33am
Tokyo shares end down 0.69pc
Financial

Tokyo shares end down 0.69pc

TOKYO: Tokyo shares ended volatile trading down 0.69 percent Monday as the positive effect of Japan's yen-selling interv
Published 31 Oct, 2011 06:29am
Tough agenda for G20 Cannes summit
Top News

Tough agenda for G20 Cannes summit

PARIS: The leaders of the world's economic powerhouses meet on Thursday and Friday this week in the French seaside resor
Published 31 Oct, 2011 05:44am
Hong Kong shares open flat
Financial

Hong Kong shares open flat

HONG KONG: Hong Kong shares opened flat Monday as investors digested European leaders' eurozone debt deal. The benchmar
Published 31 Oct, 2011 04:49am
Oil higher in Asian trade
Energy

Oil higher in Asian trade

SINGAPORE: Crude prices were higher in Asian trade Monday as the market continued to be cheered by Europe's debt rescue
Published 31 Oct, 2011 04:37am
Who is feeding it?
BR Research

Who is feeding it?

Government dominance on systems credit is even more this year to date. NFA is in red which was marginally green in the same period last year
Published 31 Oct, 2011 12:00am
Ministries for hounds
BR Research

Ministries for hounds

Though the Ministry of National Harmony (created back in June 2011 along with two other ministries) may have failed to bring the countrymen
Published 31 Oct, 2011 12:00am
Futures open interest down 30.5 percent

Futures open interest down 30.5 percent

The total open interest position at the futures counter declined by Rs 559 million or 31 percent on week-on-week basis to stand at Rs 1.2 billion. The future spreads also reduced by 169bps on week-on-week basis to 8.9 percent. Trading at futures counter i
Published 31 Oct, 2011 12:00am
Six killed in drone attack

Six killed in drone attack

Suspected US unmanned aircraft fired six missiles at a vehicle in tribal region near the Afghan border Sunday, killing six alleged militants, Pakistani intelligence officials said. The high number of missiles used in the attack in the Datta Khel area of N
Published 31 Oct, 2011 12:00am
Six killed in drone attack

Six killed in drone attack

Suspected US unmanned aircraft fired six missiles at a vehicle in tribal region near the Afghan border Sunday, killing six alleged militants, Pakistani intelligence officials said. The high number of missiles used in the attack in the Datta Khel area of N
Published 31 Oct, 2011 12:00am
Alleged plot to attack Parliament House: LEAs arrest former SSG man

Alleged plot to attack Parliament House: LEAs arrest former SSG man

Law enforcement agencies on Sunday claimed to have arrested a former commando armed forces for his involvement in the alleged plot to attack on Parliament House. According to officials, security forces got information that some terrorists are planning to
Published 31 Oct, 2011 12:00am
Alleged plot to attack Parliament House: LEAs arrest former SSG man

Alleged plot to attack Parliament House: LEAs arrest former SSG man

Law enforcement agencies on Sunday claimed to have arrested a former commando armed forces for his involvement in the alleged plot to attack on Parliament House. According to officials, security forces got information that some terrorists are planning to
Published 31 Oct, 2011 12:00am
President for devising separate water storage, drainage plans

President for devising separate water storage, drainage plans

President Asif Ali Zardari on Sunday advised the government to devise separate water storage and drainage plans at divisional level throughout the Sindh province. He was presiding over a meeting held here at Bilawal House on irrigation, de-watering and dr
Published 31 Oct, 2011 12:00am
President for devising separate water storage, drainage plans

President for devising separate water storage, drainage plans

President Asif Ali Zardari on Sunday advised the government to devise separate water storage and drainage plans at divisional level throughout the Sindh province. He was presiding over a meeting held here at Bilawal House on irrigation, de-watering and dr
Published 31 Oct, 2011 12:00am
President for devising separate water storage, drainage plans

President for devising separate water storage, drainage plans

President Asif Ali Zardari on Sunday advised the government to devise separate water storage and drainage plans at divisional level throughout the Sindh province. He was presiding over a meeting held here at Bilawal House on irrigation, de-watering and dr
Published 31 Oct, 2011 12:00am
Kyrgyz Prime Minister claims election win

Kyrgyz Prime Minister claims election win

The moderate prime minister of Kyrgyzstan claimed victory in the first round of the Central Asian state's presidential polls after half-stage results showed him holding 65 percent of the vote. Prime Minister Almazbek "Atambayev collected enough votes to w
Published 31 Oct, 2011 12:00am
Kyrgyz Prime Minister claims election win

Kyrgyz Prime Minister claims election win

The moderate prime minister of Kyrgyzstan claimed victory in the first round of the Central Asian state's presidential polls after half-stage results showed him holding 65 percent of the vote. Prime Minister Almazbek "Atambayev collected enough votes to w
Published 31 Oct, 2011 12:00am
Europe will not offer China concessions for aid: Juncker

Europe will not offer China concessions for aid: Juncker

Eurogroup chairman Jean-Claude Juncker said on Sunday it made sense for China to invest its surplus in Europe to help the region overcome its debt crisis, but this would not involve political concessions. European leaders agreed a plan last week to restor
Published 31 Oct, 2011 12:00am
Europe will not offer China concessions for aid: Juncker

Europe will not offer China concessions for aid: Juncker

Eurogroup chairman Jean-Claude Juncker said on Sunday it made sense for China to invest its surplus in Europe to help the region overcome its debt crisis, but this would not involve political concessions. European leaders agreed a plan last week to restor
Published 31 Oct, 2011 12:00am
Europe will not offer China concessions for aid: Juncker

Europe will not offer China concessions for aid: Juncker

Eurogroup chairman Jean-Claude Juncker said on Sunday it made sense for China to invest its surplus in Europe to help the region overcome its debt crisis, but this would not involve political concessions. European leaders agreed a plan last week to restor
Published 31 Oct, 2011 12:00am
Turkey's earthquake toll passes 600

Turkey's earthquake toll passes 600

The death toll in eastern Turkey's devastating 7.2 magnitude earthquake on Sunday passed 600, the government's emergency unit said. The number who lost their lives in the October 23 tremor stood at 601, the unit said on its website. Officials said earlier
Published 31 Oct, 2011 12:00am
Turkey's earthquake toll passes 600

Turkey's earthquake toll passes 600

The death toll in eastern Turkey's devastating 7.2 magnitude earthquake on Sunday passed 600, the government's emergency unit said. The number who lost their lives in the October 23 tremor stood at 601, the unit said on its website. Officials said earlier
Published 31 Oct, 2011 12:00am
'Pakistan spied on German officers in Afghanistan'

'Pakistan spied on German officers in Afghanistan'

Pakistan's secret service spied on German security forces in Afghanistan, raising fears sensitive information could end up in the hands of the Taliban, a German paper reported on Sunday. Without citing its sources, mass-selling weekly Bild am Sonntag repo
Published 31 Oct, 2011 12:00am
'Pakistan spied on German officers in Afghanistan'

'Pakistan spied on German officers in Afghanistan'

Pakistan's secret service spied on German security forces in Afghanistan, raising fears sensitive information could end up in the hands of the Taliban, a German paper reported on Sunday. Without citing its sources, mass-selling weekly Bild am Sonntag repo
Published 31 Oct, 2011 12:00am
Widespread rain predicted in Sindh, Balochistan

Widespread rain predicted in Sindh, Balochistan

Meteorolo-gical Department has predicted widespread rains in Southern Pakistan including flood affected areas of lower Sindh. According to Met office, a well marked low pressure area developed over central parts of Arabian Sea has intensified into a depre
Published 31 Oct, 2011 12:00am
Widespread rain predicted in Sindh, Balochistan

Widespread rain predicted in Sindh, Balochistan

Meteorolo-gical Department has predicted widespread rains in Southern Pakistan including flood affected areas of lower Sindh. According to Met office, a well marked low pressure area developed over central parts of Arabian Sea has intensified into a depre
Published 31 Oct, 2011 12:00am
Late taxpayers liable to pay fine/penalty from November 1

Late taxpayers liable to pay fine/penalty from November 1

The taxpayers including business individuals, salaried persons, Association of Persons (AOPs) and companies, who would make tax payments after October 31, 2011 will be liable to pay fine and penalty as per relevant provisions of the Income Tax Ordinance 2
Published 31 Oct, 2011 12:00am
Late taxpayers liable to pay fine/penalty from November 1

Late taxpayers liable to pay fine/penalty from November 1

The taxpayers including business individuals, salaried persons, Association of Persons (AOPs) and companies, who would make tax payments after October 31, 2011 will be liable to pay fine and penalty as per relevant provisions of the Income Tax Ordinance 2
Published 31 Oct, 2011 12:00am
Late taxpayers liable to pay fine/penalty from November 1

Late taxpayers liable to pay fine/penalty from November 1

The taxpayers including business individuals, salaried persons, Association of Persons (AOPs) and companies, who would make tax payments after October 31, 2011 will be liable to pay fine and penalty as per relevant provisions of the Income Tax Ordinance 2
Published 31 Oct, 2011 12:00am
Twenty anti-Wall Street protesters arrested in Denver

Twenty anti-Wall Street protesters arrested in Denver

Twenty anti-Wall Street protesters have been arrested in the US city of Denver after they refused to comply with a police order to remove tents pitched without a permit, The Denver Post reported Sunday. The newspaper said the police fired pepper spray and
Published 31 Oct, 2011 12:00am
Bangladesh war crimes court delays first trial

Bangladesh war crimes court delays first trial

A special court in Bangladesh set up to try war crimes suspects from the country's 1971 battle for independence delayed the start of its first trial on Sunday, a court official told AFP. The prosecution was due to make an opening statement on Sunday again
Published 31 Oct, 2011 12:00am
Zardari's visit to Turkey will promote relations

Zardari's visit to Turkey will promote relations

Pakistan and Turkey are expected to sign a currency swap agreement during the visit of President Asif Ali Zardari to Istanbul. This was stated by Pakistan's Ambassador to Turkey Muhammad Haroon Shaukat during an interview with APP's special correspondent
Published 31 Oct, 2011 12:00am
Musharraf felicitates Azad

Musharraf felicitates Azad

Former President of Pakistan and head of All Pakistan Muslim League, Pervez Musharraf has extended felicitations to Yasin Azad on his election as president of Supreme Court Bar Association for the period 2011-12.
Published 31 Oct, 2011 12:00am
MQM greets Yasin Azad

MQM greets Yasin Azad

Muttahida Qaumi Movement (MQM) Rabita Committee has congratulated Yasin Azad Advocate on his election as President in the annual election of the Supreme Court Bar Association. The MQM body expressed the hope that Yasin Azad would work to resolve problems
Published 31 Oct, 2011 12:00am
'Best Corporate Reports' Award ceremony on November 11

'Best Corporate Reports' Award ceremony on November 11

The joint committee of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP) is organising the 11th "Best Corporate Reports Award" Ceremony on Friday November 11, 2011 at Ramada Hotel, h
Published 31 Oct, 2011 12:00am
Pida sets 51 FOs in LBDC system

Pida sets 51 FOs in LBDC system

Punjab Irrigation and Drainage Authority (Pida) has constituted as many as 51 farmer organisations in the Lower Bari Doab Canal System. These FOs will be responsible for the maintaining of canals in their respective areas under public-private partnership.
Published 31 Oct, 2011 12:00am
'Next step of 'Go Zardari Go' movement to begin from Multan'

'Next step of 'Go Zardari Go' movement to begin from Multan'

Punjab Chief Minister Mian Shahbaz Sharif has said that next step of the 'Go Zardari Go' movement would begin from Multan, which is a city of spiritual saints and said the country would soon be rid of President Zardari and his cronies through this movemen
Published 31 Oct, 2011 12:00am
'Solid waste management policy unavoidable to protect environment'

'Solid waste management policy unavoidable to protect environment'

Lacking a solid waste management policy (SWMP) for the metropolis is the mother of all the evils that have ruined city's environment. Even today, clean air and clean potable water, a basic necessity for normal growth of around three percent of total popul
Published 31 Oct, 2011 12:00am
Punjab gives top priority to promotion of quality education

Punjab gives top priority to promotion of quality education

Punjab government has given top priority to the promotion of quality education in the public sector institutions. Different holistic reforms have been introduced so that the poor and deserving strata could easily access the educational opportunities.
Published 31 Oct, 2011 12:00am
WBDC to hold conference for women SMEs

WBDC to hold conference for women SMEs

Women Business Development Centre will today (Monday) hold a roundtable conference for creation of awareness among women SMEs about the available loan for promotion of their products. The objective of the conference is to give guideline and awareness to w
Published 31 Oct, 2011 12:00am
Relief goods for earthquake victims reach Turkey

Relief goods for earthquake victims reach Turkey

On the special direction of Chief Minister Punjab Muhammad Shahbaz Sharif, special plane carrying relief goods for earthquake affectees of Turkey by the Punjab government reached Turkey. Ten tons relief items have been sent by C-130 airplane.
Published 31 Oct, 2011 12:00am
LB elections revival: Southern Punjab nazimeen to organise convention

LB elections revival: Southern Punjab nazimeen to organise convention

Mian Faisal Mukhtar, former city district 'nazim' of the district has said that the nazimeen of southern Punjab would organise their convention to press the authorities for holding local bodies elections and revive grass-root democratic institutions.
Published 31 Oct, 2011 12:00am
6,500 displaced families of SWA rehabilitated

6,500 displaced families of SWA rehabilitated

Corps Commander, Lieutenant General Asif Yasin Malik in a surprise visit welcomed home 6,500 internally displaced families in Kotkai Sector well before the forthcoming Eid-ul-Azha and assured them all out support for their relief and rehabilitation in the
Published 31 Oct, 2011 12:00am
Imran throws gauntlet to Zardari, Nawaz

Imran throws gauntlet to Zardari, Nawaz

The cricket hero-turned-politician Imran Khan started his political innings with a towering 'sixer' and an 'in-swinger', and threw the gauntlet to both President Asif Ali Zardari and PML (N) leader Nawaz Sharif here at the Minar-e-Pakistan public meeting
Published 31 Oct, 2011 12:00am
'Number of dengue cases decreases in Lahore'

'Number of dengue cases decreases in Lahore'

Principal Post Graduate Medical Institute (PGMI) and Lahore General Hospital (LGH) Dr Tariq Salahuddin has said that the number of dengue cases has come down as a result of relentless efforts of Punjab Chief Minister Shahbaz Sharif, Health Department, and
Published 31 Oct, 2011 12:00am
'Government keen to promote cultural activities in province'

'Government keen to promote cultural activities in province'

Khyber Pakhtunkhwa Minister for Information and Culture, Mian Iftikhar Hussain reiterated that the government is keen to promote cultural activities in the province, and sought the assistance of donors' in this regard. This, he stated while talking to a j
Published 31 Oct, 2011 12:00am
Man shot dead in Quetta

Man shot dead in Quetta

A 45-year-old man was killed by unknown armed men here at Nawa Killi area on Sunday morning. According to the police, the victim identified as Haji Muhammad Ibrahim was near his house when armed assailants opened fire at him and fled away from the scene.
Published 31 Oct, 2011 12:00am
CJ IHC constitutes three benches for next week

CJ IHC constitutes three benches for next week

Chief Justice of Islamabad High Court (IHC) Iqbal Hameed-ur-Rehman has constituted three benches, including a divisional bench, to hear a number of cases next week starting on Monday. The first bench comprises the Chief Justice and second bench Justice Ri
Published 31 Oct, 2011 12:00am
Animal prices force people to opt for 'Ijtamai Qurbani'

Animal prices force people to opt for 'Ijtamai Qurbani'

Skyrocketing prices of sacrificial animals force people to opt for collective-sacrifice (Ijtamai Qurbani) which becomes more popular particularly in this era of financial constraint due to high prices and slaughtering animals in memory of Hazrat Ismail's
Published 31 Oct, 2011 12:00am
PNCA promotes cultural values among youth of rural areas

PNCA promotes cultural values among youth of rural areas

Pakistan National Council of the Arts (PNCA) has taken the glimpses of traditional cultural heritage through performing arts to rural areas of the country with its programme for youngsters of 'Katchi Abadis'.
Published 31 Oct, 2011 12:00am
ANP to stand with PPP in difficult situation: Hoti

ANP to stand with PPP in difficult situation: Hoti

Chief Minister Khyber Pakhtunkhwa Ameer Haider Khan Hoti Sunday said that Bhutto family had rendered unprecedented sacrifices for democracy in the country, saying ANP will stand with every difficult time with PPP. He urged the people to stand united to fo
Published 31 Oct, 2011 12:00am
IGP directs strict security during Eid-ul-Azha

IGP directs strict security during Eid-ul-Azha

Inspector General of Sindh Police (IGP) Syed Mushtaq Shah has directed all the district and zonal police heads in the province to take strict security measures during Eid-ul-Azha. "All the mosques and places of religious gatherings should be given full se
Published 31 Oct, 2011 12:00am
HCCI demands resolution of sewerage problems

HCCI demands resolution of sewerage problems

Senior Vice-President Hyderabad Chamber of Commerce and Industries (HCCI) Turab Ali Khuaja said that garbage, sewerage water overflowed at HCCI secretariat road are the apparent proof of inefficiency of district government. He said that HCCI road comes un
Published 31 Oct, 2011 12:00am
Entry test for admission to MBBS/BDS held

Entry test for admission to MBBS/BDS held

Transparent entry test was held at Lumhs in ideal atmosphere said by Professor Noshad Ahmed Shaikh, Vice Chancellor of Liaquat University of Medical and Health Sciences, Jamshoro. While talking to Media, he informed that total numbers of 4263 eligible can
Published 31 Oct, 2011 12:00am
Special security for MQM rally

Special security for MQM rally

Elaborate arrangements were made Police assisted by Pakistan Rangers (Sindh) and City District Government Karachi (CDGK) for the pro-PPP rally organised by its allied party Muttahida Qaumi Movement (MQM) on M A Jinnah Road here on Sunday.
Published 31 Oct, 2011 12:00am
Elections to be held on time: Munawar

Elections to be held on time: Munawar

The Jamaat-e-Islami (JI) chief, Munawar Hassan, setting aside possibility of change in backdrop of PML-N 'Go, Zardari, Go' movement, said on Sunday that general elections would be held in time, after completion of the present government's five-year term.
Published 31 Oct, 2011 12:00am
'Unverified SIMs major cause of criminal activities'

'Unverified SIMs major cause of criminal activities'

The issuance of unverified Subscriber Identity Module (SIM) is the major source of criminal activities and a hurdle to investigation of the cases. This was observed at a high level meeting of Citizen Police Liaison Committee (CPLC) presided by Sindh Gover
Published 31 Oct, 2011 12:00am
Advisory to mango growers

Advisory to mango growers

Punjab Agriculture Department has advised mango growers to start trimming of branches of mango trees besides carrying out spray to eliminate weeds in the gardens. It also asked the growers to continue grafting of plants and grow new plants. Examine the gr
Published 31 Oct, 2011 12:00am
Shahbaz urged to work for welfare of Punjab masses

Shahbaz urged to work for welfare of Punjab masses

Chief Minister Gilgit-Baltistan Syed Mehdi Shah has urged the Punjab Chief Minister Shahbaz Sharif to work for the welfare of the masses of the province. Talking to Pakistan Television (PTV), Syed Mehdi Shah said that holding rallies in the provincial cap
Published 31 Oct, 2011 12:00am
SU announces results

SU announces results

The Controller of Examinations University of Sindh has announced the results of BBA Part-II and BCS part-II and part-III of regular, improver and failure candidates of SISTECH, Government Nuzhart Girls College Hyderabad and Government Girls College Tando
Published 31 Oct, 2011 12:00am
Chandni Chowk Flyover: citizens urged to use alternate routes

Chandni Chowk Flyover: citizens urged to use alternate routes

City Traffic Officer, Senior Superintendent Police, Ghulam Abbas Tarar urged the citizens to use alternative routes instead of using Benazir Bhutto Hospital portion to sixth road area to reach their destination during the construction of Chandni Chowk Fly
Published 31 Oct, 2011 12:00am
Blood donation camp at Pabbi

Blood donation camp at Pabbi

Fatimid Foundation held a blood donation camp in collaboration with Hassan Foundation at Pabbi, district Nowshera. A large number of people donated blood in the camp. The Hassan Foundation, Director Salman Ali Khan, visited the blood donation camp along w
Published 31 Oct, 2011 12:00am
Iran parliament to question Ahmadinejd over fraud

Iran parliament to question Ahmadinejd over fraud

Iran's parliament is set to summon President Mahmoud Ahmadinejad for questioning over an economic scandal and his polices. He would be the first president to be hauled before the Iranian parliament, a serious blow to his standing in a drawn out conflict i
Published 31 Oct, 2011 12:00am
Latest China mine disaster kills 29

Latest China mine disaster kills 29

A blast at a coal mine in southern China has killed 29 people, state news agency Xinhua said on Sunday, in the latest disaster to hit the accident-prone industry. The gas explosion happened on Saturday afternoon at the state-owned Xialiuchong colliery in
Published 31 Oct, 2011 12:00am
Lawyers launch Fukushima compensation team

Lawyers launch Fukushima compensation team

Japanese lawyers on Sunday launched a legal team to help victims of the Fukushima accident seek compensation from the plant's operator, Tokyo Electric Power Co, and the national government. About 30 lawyers, mostly based in the northern Fukushima region,
Published 31 Oct, 2011 12:00am
Arabs weigh alternatives to Palestinian UN bid

Arabs weigh alternatives to Palestinian UN bid

Arab foreign ministers said Sunday they would look into alternative action if their efforts fail to secure full Palestinian membership of the United Nations. "We support the Palestinian demand for full UN membership," they said in a statement after talks
Published 31 Oct, 2011 12:00am
Gaza violence simmers after truce announced

Gaza violence simmers after truce announced

Violence between Israel and Gaza militants flared anew on Sunday after Egypt said it had brokered a truce to end attacks that have killed 10 Palestinian gunmen and an Israeli civilian in the past five days. A cease-fire had appeared to be taking hold, wit
Published 31 Oct, 2011 12:00am
US troop exit 'golden' for Iraq: Khamenei

US troop exit 'golden' for Iraq: Khamenei

Iran's supreme leader on Sunday hailed the coming withdrawal of US troops from neighbouring Iraq as a "golden" victory. US President Barack Obama plans to withdraw his 40,000 troops from Iraq by the end of the year after negotiations on keeping some force
Published 31 Oct, 2011 12:00am
Muslim countries should look east: Mahathir

Muslim countries should look east: Mahathir

Malaysia's ex-premier Mahathir Mohamad said Sunday that Muslim-majority countries should look east for development models and not at Western nations, which he described as "failures". The outspoken former long-time leader, who is known as a fierce critic
Published 31 Oct, 2011 12:00am
UK ships will be able to carry armed guards: Cameron

UK ships will be able to carry armed guards: Cameron

British merchant ships sailing off the coast of Somalia will soon be able to carry armed guards to ward off pirate attacks, Prime Minister David Cameron said on Sunday. Britain is one of only a few countries with major shipping fleets to currently ban arm
Published 31 Oct, 2011 12:00am
ICC hunt for Qadhafi son poses dilemma for Niger

ICC hunt for Qadhafi son poses dilemma for Niger

The prosecutor for the International Criminal Court (ICC) said on Sunday he has "substantial evidence" that Saif al-Islam Qadhafi, now on the run, had helped hire mercenaries to attack Libyan civilians protesting against his father's rule.
Published 31 Oct, 2011 12:00am
Mubarak trial postponed to December 28

Mubarak trial postponed to December 28

The trial of ousted Egyptian president Hosni Mubarak which was due to resume on Sunday has been postponed following demands for the appointment of a new judge, state-run news agency MENA reported. A new hearing has been set for December 28, MENA said.
Published 31 Oct, 2011 12:00am
Five killed by Yemen pro-government forces

Five killed by Yemen pro-government forces

Four people, including three children, were killed overnight when troops loyal to Yemeni President Ali Abdullah Saleh shelled a petrol station in a region north of the capital, tribal sources said on Sunday. Thirteen others were wounded in the attack in t
Published 31 Oct, 2011 12:00am
Kenyan jets bomb southern Somali town, 12 killed

Kenyan jets bomb southern Somali town, 12 killed

At least 12 people were killed on Sunday when two Kenyan jets bombed the southern Somali town of Jilib, residents and officials said, as the east African nation's fights to rid Somalia of Islamist al Shabaab rebels.
Published 31 Oct, 2011 12:00am
Russia launches first space flight since August crash

Russia launches first space flight since August crash

Russia launched its first unmanned space flight to supply the International Space Station on Sunday since an August crash left a half-sized crew on the orbital outpost and raised concerns over Moscow's role as the sole space flight provider.
Published 31 Oct, 2011 12:00am
Growth data, bank results await London investors

Growth data, bank results await London investors

Investors on the London stock market will pore over Britain's latest official growth data and earnings updates from the banks in the coming days after a week dominated by the eurozone debt crisis. The FTSE 100 index of leading shares jumped 3.89 percent o
Published 31 Oct, 2011 12:00am
South Sudan sees pound rising

South Sudan sees pound rising

South Sudan expects the South Sudanese pound to improve further after doubling the monthly supply of foreign currency to financial institutions, central bank officials said on Friday. The currency of Africa's newest nation has sharply gained against the d
Published 31 Oct, 2011 12:00am
Global Markets Weekahead: another week, another summit

Global Markets Weekahead: another week, another summit

It would be nice to think that with the eurozone having come up with a plan to tackle its debt crisis, investors could focus in the coming week on more than another meeting of global leaders.
Published 31 Oct, 2011 12:00am
Investors turn bullish on won; slightly add yuan bets

Investors turn bullish on won; slightly add yuan bets

Investors turned bullish on the South Korean won and some of its Asian peers in the last two weeks, and also added some bets on the Chinese yuan, buoyed by optimism over possible measures to contain euro zone's debt crisis, a Reuters poll showed.
Published 31 Oct, 2011 12:00am
More ECB bond buys likely once EFSF empowered

More ECB bond buys likely once EFSF empowered

A majority of euro money market dealers expect the European Central Bank to carry on buying sovereign debt in secondary markets once the eurozone's beefed-up rescue fund gets the powers to do the same, a Reuters poll showed on Friday. Thirteen of 22 trade
Published 31 Oct, 2011 12:00am
More ECB bond buys likely once EFSF empowered

More ECB bond buys likely once EFSF empowered

A majority of euro money market dealers expect the European Central Bank to carry on buying sovereign debt in secondary markets once the eurozone's beefed-up rescue fund gets the powers to do the same, a Reuters poll showed on Friday. Thirteen of 22 trade
Published 31 Oct, 2011 12:00am
Poland safe with zloty at 4.5/euro

Poland safe with zloty at 4.5/euro

Poland has strong economic fundamentals and is well set to weather a weakening of the zloty to as low as 4.5 per euro, Deputy Prime Minister Waldemar Pawlak said on Wednesday, praising recent intervention supporting the currency.
Published 31 Oct, 2011 12:00am
Wall Street Weekahead: earnings and fed to power on the rally

Wall Street Weekahead: earnings and fed to power on the rally

With the S&P 500 about to end its best month in almost 40 years, many would be happy to cash in gains and start packing for the ski slopes. But some underperforming investors are being cornered into putting yet more money into US stocks.
Published 31 Oct, 2011 12:00am
Tokyo stocks likely to stay firm after eurozone deal

Tokyo stocks likely to stay firm after eurozone deal

Tokyo stocks will likely stay firm in the coming week with investor sentiment boosted after eurozone leaders struck a deal towards resolving the bloc's debt crisis that threatens the global economy. The Nikkei average closed the Friday session above 9,000
Published 31 Oct, 2011 12:00am
Japan's Taiyo may cut euro bond holdings further

Japan's Taiyo may cut euro bond holdings further

Japan's Taiyo Life Insurance may further reduce its holdings of euro-denominated bonds in the October-March period as it expects uncertainty over Europe's debt crisis to continue, the firm's top portfolio manager said on Thursday.
Published 31 Oct, 2011 12:00am
Japan's Taiyo may cut euro bond holdings further

Japan's Taiyo may cut euro bond holdings further

Japan's Taiyo Life Insurance may further reduce its holdings of euro-denominated bonds in the October-March period as it expects uncertainty over Europe's debt crisis to continue, the firm's top portfolio manager said on Thursday.
Published 31 Oct, 2011 12:00am
Swiss franc still a burden despite SNB cap

Swiss franc still a burden despite SNB cap

The Swiss National Bank's (SNB) franc cap has restored stability but the currency's level is still a problem for exporters and the central bank should try and weaken it further, the head of a leading business group said on Wednesday.
Published 31 Oct, 2011 12:00am
IBM names first female chief executive

IBM names first female chief executive

IBM on October 25 named Virginia Rometty, the Head of sales, marketing and strategy, to take over as chief executive on January 1, making her the first woman to lead the US computer giant. The 54-year-old, who is also a senior vice president at IBM, succe
Published 31 Oct, 2011 12:00am
LG swings to Q3 net loss on poor TV, phone sales

LG swings to Q3 net loss on poor TV, phone sales

South Korea's LG Electronics said on October 26 it swung to a net loss in the third quarter due mainly to the poor performance of its flat-panel and smartphone businesses. The firm lost 414 billion won ($366 million) in July-September compared with a net
Published 31 Oct, 2011 12:00am
Emaar Properties third quarter net profit drops 34 percent

Emaar Properties third quarter net profit drops 34 percent

Dubai's Emaar Properties, builder of the world's tallest tower, reported 34-percent-drop in third-quarter net profit as the Gulf emirate's property sector suffers, but the developer's retail and leisure business boosted revenues.
Published 31 Oct, 2011 12:00am
SAP profits up strongly in third quarter

SAP profits up strongly in third quarter

German software giant SAP said on October 26 its profits more than doubled in the third quarter thanks to strong sales and lower legal costs related to litigation with arch-rival Oracle. SAP said in a statement its bottom-line net profit soared by 150 per
Published 31 Oct, 2011 12:00am
Focus key for UBS investment bank turnaround

Focus key for UBS investment bank turnaround

Swiss bank UBS AG hopes its investment bank can mirror the turnaround of its Americas wealth management unit by cutting some businesses to focus on areas where it is top- tier, its financial boss said on Tuesday.
Published 31 Oct, 2011 12:00am
Infosys banks on Europe, Asia to boost growth

Infosys banks on Europe, Asia to boost growth

India's No.2 software services exporter, Infosys, aims to double the revenue share from Europe to 40 percent of its total sales by the end of its 2014 financial year, as cost-strapped global companies step up outsourcing.
Published 31 Oct, 2011 12:00am
Abu Dhabi's TAQA eyes power production in Europe

Abu Dhabi's TAQA eyes power production in Europe

Abu Dhabi National Energy Company (TAQA) wants to invest in power production in Europe, which would allow it to integrate its existing gas production and huge storage facility in the Netherlands, a company executive said on October 26.
Published 31 Oct, 2011 12:00am
Volcker pay curbs spark fears of Wall Street exodus

Volcker pay curbs spark fears of Wall Street exodus

The Volcker rule has created a new battlefield over Wall Street pay that banks fear will send their star traders and hedge fund advisers fleeing. The roughly 300-page proposal that was released earlier this month is fuzzy at best, but it makes clear that
Published 31 Oct, 2011 12:00am
Apple in-house tribute to Jobs goes online

Apple in-house tribute to Jobs goes online

Apple's website on October 24 featured video of a moving, music-laced tribute to Steve Jobs held last week at the company's California headquarters. Visitors to apple.com could watch a recording of the in-house memorial service, which featured touching re
Published 31 Oct, 2011 12:00am
Beluga gives way to Facebook Messenger

Beluga gives way to Facebook Messenger

Facebook is ushering out freshly acquired Beluga text messaging service to clear the way for a replacement tailored for the social network. People will not be able to use Beluga to send messages as of November 11 and the service will shut down completely
Published 31 Oct, 2011 12:00am
Hong Kong doctors replace clipboard with iPad 2

Hong Kong doctors replace clipboard with iPad 2

Doctors in Hong Kong are replacing the traditional clipboard with the iPad 2 in what is believed to be a first for Asian hospitals, a news report said on Wednesday. The Apple tablet is being introduced for doctors and clinicians at the city's Union Hospit
Published 31 Oct, 2011 12:00am
Denmark introduces fishing licences by phone

Denmark introduces fishing licences by phone

Visitors to Denmark can now buy a fishing licence by phone as well as online at www.m.fisketegn.dk. It is also possible to check with the help of GPS co-ordinates whether fishing is permitted in a particular area. A one-year licence costs 140 krone (26 do
Published 31 Oct, 2011 12:00am
Compal licenses Microsoft patents for Android

Compal licenses Microsoft patents for Android

Microsoft said October 24 that Taiwan-based Compal Electronics has joined a growing list of gadget makers licensing its patents for use in devices powered by Google-backed Android or Chrome software.
Published 31 Oct, 2011 12:00am
RIM stock suffers on new tablet software stall

RIM stock suffers on new tablet software stall

Research In Motion took another hit on October 26 as the BlackBerry maker delayed until February the release of a new version of the software powering its PlayBook tablet computers. PlayBook OS 2.0 is seen as a chance to improve the PlayBook's appeal in t
Published 31 Oct, 2011 12:00am
Google tunes Internet TV offering

Google tunes Internet TV offering

Google on October 28 set out to breathe new life into its moribund Internet television platform. Second-generation Google TV software features simplified controls, improved search, slicker integration with video-sharing service YouTube and the option to a
Published 31 Oct, 2011 12:00am
Facebook adds 'app' passwords to site security

Facebook adds 'app' passwords to site security

Facebook is ramping up security by giving people the option of setting passwords for games or other third-party applications added to pages at the leading online social network.
Published 31 Oct, 2011 12:00am
China Mobile claims having 10 million iPhone users

China Mobile claims having 10 million iPhone users

China Mobile, the world's largest mobile carrier by subscribers, has 10 million iPhone users even though it does not yet have an agreement with iPhone maker Apple, its chairman told Reuters on October 24. Wang Jianzhou also said Apple had promised to make
Published 31 Oct, 2011 12:00am
Internet role in human rights gets spotlight

Internet role in human rights gets spotlight

Technology titans and political activists gathered here on October 25, to map ways to ensure the Internet is used as a tool for human rights instead of as a weapon of oppression. The overarching goal of the Silicon Valley Human Rights Conference was to co
Published 31 Oct, 2011 12:00am
'News popular on tablets but few want to pay'

'News popular on tablets but few want to pay'

Catching up on news is among the most popular activities for tablet computer owners, but most are not willing to pay for it, according to a study published on October 25. The joint study by the Pew Research Centre's Project for Excellence in Journalism an
Published 31 Oct, 2011 12:00am
Nextdoor launches neighbourhood social networks

Nextdoor launches neighbourhood social networks

Internet startup Nextdoor launched a social network on October 26y designed to strengthen communities by connecting real-world neighbours. The US launch of Nextdoor.com was touted as a modern age variation on the town square or backyard fence where neighb
Published 31 Oct, 2011 12:00am
Apple alums give home thermostats a new twist

Apple alums give home thermostats a new twist

Nest Labs, a startup founded by former Apple engineers, hopes to do for home thermostats what their former employer did for smartphones - make them hip and intuitive. The startup came out of stealth mode on October 25 to unveil the Learning Thermostat, wh
Published 31 Oct, 2011 12:00am
Misbah's captaincy guiding Pakistan: Naushad Ali

Misbah's captaincy guiding Pakistan: Naushad Ali

Pakistan manager Naushad Ali on Sunday praised captain Misbah-ul Haq, saying his leadership qualities are key to the team's progress after a turbulent last year marred by a spot-fixing scandal in England. Misbah led Pakistan to a comfortable nine-wicket w
Published 31 Oct, 2011 12:00am
Tsonga wins Vienna title to improve in year-end race

Tsonga wins Vienna title to improve in year-end race

Jo-Wilfried Tsonga laid on another late finishing surge, with his dangerous just-in-time habit paying off with a 6-7 (5/7), 6-3, 6-4 defeat of Juan Martin Del Potro on Sunday and a trophy at the Austrian Open.
Published 31 Oct, 2011 12:00am
Arsenal can beat anyone now, says Walcott

Arsenal can beat anyone now, says Walcott

Theo Walcott believes Arsenal's sensational 5-3 victory at Chelsea proves the Gunners are back to their best and capable of beating any team in Europe. Arsene Wenger's side were widely written off after the pre-season departures of Cesc Fabregas and Samir
Published 31 Oct, 2011 12:00am
FIFA extend Bosnia deadline over federation change

FIFA extend Bosnia deadline over federation change

World football's governing body FIFA has extended a deadline for the Bosnian Football Association (NSBIH) to bring itself in line with international rules until 2012, an official said on Sunday. "The normalisation committee's mandate is extended to the en
Published 31 Oct, 2011 12:00am
Misbah, Dilshan back use of DRS

Misbah, Dilshan back use of DRS

Rival captains Tillakaratne Dilshan and Misbah-ul Haq have called for the use of the Decision Review System (DRS) in all international cricket. Sri Lankan captain Dilshan has reasons to back the DRS after his key batsman Kumar Sangakkara was adjudged leg-
Published 31 Oct, 2011 12:00am
Pietersen reprimanded for showing dissent

Pietersen reprimanded for showing dissent

England's Kevin Pietersen has been reprimanded for showing dissent at the umpire after being given out lbw during his side's six-wicket win over India in Saturday's Twenty20 international in Kolkata. Pietersen hit a match-winning 53 off just 39 balls at E
Published 31 Oct, 2011 12:00am
Edwards duo put West Indies on top

Edwards duo put West Indies on top

Fidel Edwards grabbed five quick wickets and Kirk Edwards cracked an impressive 121 to help the West Indies gain the upper hand in the series-deciding second Test against Bangladesh on Sunday. Fast bowler Edwards finished with 5-58 for his 11th haul of fi
Published 31 Oct, 2011 12:00am
Ding Ning clinches World Cup crown

Ding Ning clinches World Cup crown

Reigning world champion Ding Ning of China on Sunday clinched the Women's World Cup title in Singapore with a 4-1 victory over compatriot and world number one Li Xiaoxia. It was a repeat of the world championships in May, which also saw Ding, the world nu
Published 31 Oct, 2011 12:00am
Garcia clinches Andalucia Masters for another win

Garcia clinches Andalucia Masters for another win

Sergio Garcia made it back-to-back European Tour victories when he captured the Andalucia Masters title on Sunday by a stroke from fellow Spaniard Miguel-Angel Jimenez. In an exciting finale at Valderrama, Garcia's closing level-par 71 for a six-under 278
Published 31 Oct, 2011 12:00am
Dubai's United Investment Bank launches football fund

Dubai's United Investment Bank launches football fund

Dubai-based United Investment Bank has launched a football fund, aimed at providing an alternative to traditional investment opportunities, the firm's chief executive officer said on Sunday.
Published 31 Oct, 2011 12:00am
Women's tennis booms amidst the recession

Women's tennis booms amidst the recession

During one of the most devastating years the world economy has ever endured, women's tennis seems to be booming. While many businesses hunker down or disappear, and while profits and wages are falling, the WTA Tour has acquired more prize money, more tele
Published 31 Oct, 2011 12:00am
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