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Archive - 2011-11-06
Pakistan rejects report of unsafe nukes
Top News

Pakistan rejects report of unsafe nukes

ISLAMABAD: Pakistan on Sunday angrily rejected a report that it had been moving its nuclear weapons in unsafe conditions
Published 06 Nov, 2011 03:59pm
Gilani invites Russian investors
Top News

Gilani invites Russian investors

ST. PETERSBURG: Prime Minister Syed Yusuf Raza Gilani Sunday invited Russian investors to benefit from lucrative incenti
Published 06 Nov, 2011 03:58pm
Orca's unit to double gas output
Energy

Orca's unit to double gas output

DAR ES SALAAM: Toronto-listed Orca Exploration's Tanzanian unit, PanAfrican Energy, plans to invest $130 million to doub
Published 06 Nov, 2011 01:19pm
Joy, grief and hope at Libya
Africa

Joy, grief and hope at Libya

MISRATA: Joy was tinged by past sadness, hope mingled with anxiety for the future as Libyans thronged their mosques at d
Published 06 Nov, 2011 12:54pm
More than 500 die in Thai floods
Top News

More than 500 die in Thai floods

BANGKOK: The death toll from Thailand's worst floods in decades jumped above 500 on Sunday as the seemingly unstoppable
Published 06 Nov, 2011 07:35am
Gilani inaugurates PAKSAT-1R project
Top News

Gilani inaugurates PAKSAT-1R project

JALIL HASSAN AKHTAR LAHORE: Prime Minister Yousuf Raza Gilani at the inauguration of Satellite Ground Control Station
Published 06 Nov, 2011 06:27am
From eurozone villain to victim
Top News

From eurozone villain to victim

BRUSSELS: Demonized for two years as the villain in the eurozone piece, Greece is being increasingly portrayed as the vi
Published 06 Nov, 2011 05:06am
Hina meets Gilani

Hina meets Gilani

Foreign Minister Hina Rabbani Khar called on Prime Minister Syed Yousuf Raza Gilani in Lahore on Saturday and apprised him about the recently held regional conference and trilateral summit in Istanbul. Various other issues of national importance came unde
Published 06 Nov, 2011 12:00am
Nawaz felicitates Pakistani Hujjaj

Nawaz felicitates Pakistani Hujjaj

President Pakistan Muslim League-N Nawaz Sharif has congratulated the Pakistani Hujjaj for performing the sacred obligation of Haj. In a felicitation message on this occasion, Nawaz Sharif also felicitated the entire Islamic Ummah on the occasion of Hajj.
Published 06 Nov, 2011 12:00am
Sentenced cricketers cannot be tried in Pakistan's courts: lawyers

Sentenced cricketers cannot be tried in Pakistan's courts: lawyers

The legal fraternity on Saturday opined that recently sentenced three Pakistani cricketers in United Kingdom could not be tried in homeland's courts in the same offence; however, they have other options, eg, to file bail application, appeal against the ve
Published 06 Nov, 2011 12:00am
88th National Day of Turkey celebrated

88th National Day of Turkey celebrated

Turkey and Pakistan will always be there for each other and have always come to each others' assistance in times of need. This was said by Turkish Consul General Murat Mustafa Onart at a reception hosted at his residence to celebrate the 88th National Day
Published 06 Nov, 2011 12:00am
Power load-shedding: police baton charge protestors; 10 injured

Power load-shedding: police baton charge protestors; 10 injured

10 persons including four policemen were injured, when police resorted to baton charge on a protesting mob against the worst ever law and order situation on Samandri Road, which were blocked for four hours and vehicles of passengers returning home for Eid
Published 06 Nov, 2011 12:00am
TI Pakistan concerned at 'couldn't care less' attitude of PIA

TI Pakistan concerned at 'couldn't care less' attitude of PIA

Transparency International Pakistan has expressed concern over the 'couldn't care less attitude' of Pakistan International Airlines in responding to Transparency International Pakistan letters highlighting violations of Public Procurement Rules 2004 and
Published 06 Nov, 2011 12:00am
11 killed, 28 injured as bus falls into gorge

11 killed, 28 injured as bus falls into gorge

At-least 11 people were killed and 28 others injured in a road accident in the Kargil district in occupied Kashmir. The incident occurred when a bus coming to Kargil town from Zanskar went out of the driver's control and fell into a deep gorge at Panzilla
Published 06 Nov, 2011 12:00am
Living in the future

Living in the future

Forget the past and look to the future - that is Prime Minister Gilani's message which he wants the media to convey to the people of Pakistan. The government has nearly completed four years, but if you heard him on a television programme jointly hosted by
Published 06 Nov, 2011 12:00am
Placing FC under Balochistan govt

Placing FC under Balochistan govt

In a surprise but much welcome decision on Wednesday the Federal government decided to put the Frontier Corps (FC), a paramilitary force, under the administrative control of the provincial government as part of its Aghaz-i-Haqooq-i-Balochistan package. Th
Published 06 Nov, 2011 12:00am
Labour judicial imperialism

Labour judicial imperialism

Judicial activism, which germinated in the premises of the Supreme Court of India during the mid-1970, soon graduated into a sort of imperialism.
Published 06 Nov, 2011 12:00am
Franco-German 'Merkozy' takes charge again at G20

Franco-German 'Merkozy' takes charge again at G20

Their muffled dislike of each other has long provided fodder for journalists and political commentators. But German Chancellor Angela Merkel and French President Nicolas Sarkozy had no choice this week but to once again close ranks, when Greek politicking
Published 06 Nov, 2011 12:00am
New HRCP formula

New HRCP formula

The HRCP has suggested the division of Karachi on administrative grounds into three districts, the revival of the commissioners and deputy commissioners without magisterial powers, retaining of present tiny districts of Hyderabad, Tando Allahyar, Matyari
Published 06 Nov, 2011 12:00am
Rangers' role in peace efforts lauded

Rangers' role in peace efforts lauded

All Karachi Tajir Ittehad (AKTI) has lauded Sindh Rangers for making efforts to restore peace in the city, brining rising trend of targeted killings down and providing relief to the Karachiites. Talking to Business Recorder on Saturday, the chairma
Published 06 Nov, 2011 12:00am
PCRET, SME Leasing to promote renewable energy technologies' usage

PCRET, SME Leasing to promote renewable energy technologies' usage

Pakistan Council of Renewable Energy Technologies (PCRET) and SME Leasing Limited have agreed to collaborate for the promotion of renewable energy technologies' usage in Pakistan. The decision was made in a meeting held recently at the main office of SME
Published 06 Nov, 2011 12:00am
Two more fall prey to targeted killings

Two more fall prey to targeted killings

At least two persons were fallen prey to targeted killing spree in separate incidents at various parts of the metropolis here on Saturday. According to details, a young man was shot dead at Sacchal Goth in the limits of Sacchal police station. The inciden
Published 06 Nov, 2011 12:00am
'Government providing relief to rain-hit people'

'Government providing relief to rain-hit people'

Director General Health Services Sindh has said that government remains busy in providing health facilities to hundreds of thousands of people affected due to heavy monsoon rains in Sindh. He informed that up till now 153,862,1 patients have been treated
Published 06 Nov, 2011 12:00am
SITE issues final notice against illegal construction

SITE issues final notice against illegal construction

Provincial Minister for Commerce and Industries, Rauf Siddiqui, advised all those who have been allotted industrial and commercial lands and have done construction there should get NOC within 15 days to get the said construction regularised. He also direc
Published 06 Nov, 2011 12:00am
Strike observed in Larkana

Strike observed in Larkana

To demand the release of missing leaders of JSQM, a strike was observed in Larkana, on the call of Jeay Sindh Qaumi Movement (JSQM). The JSQM had given strike call as their leaders, G M Abro, Noor Abro and Anwar Depar are missing for a long time. Politica
Published 06 Nov, 2011 12:00am
Sindh University announcement

Sindh University announcement

The registrar University of Sindh has notified on Friday that pre entry test for admissions to Bachelors degree programme in all disciplines for academic session 2012 will be conducted on Saturday, November 19. The pre entry test will be conducted at the
Published 06 Nov, 2011 12:00am
Confusion over existing LG system stays: PPP, MQM say 'new system' soon

Confusion over existing LG system stays: PPP, MQM say 'new system' soon

Pakistan Peoples Party (PPP) and Muttahida Qaumi Movement (MQM) on Saturday failed to announce whether Commissionerate System or the Local Government Body System (SLGO) would be effective in the province. However, both the parties will hold talks after Ei
Published 06 Nov, 2011 12:00am
SBC to observe 'black day' today

SBC to observe 'black day' today

Sindh Bachayo Committee, an alliance of Sindhi nationalist parties, on Saturday announced that it would observe the 'black day' on Sunday, November 6, against non-implementation of Comissionerate system in the province. This announcement was made by Jalal
Published 06 Nov, 2011 12:00am
LEAs arrest over dozen suspects

LEAs arrest over dozen suspects

Law Enforcement Agencies (LEAs) on Saturday claimed to have arrested over a dozen suspects in separate raids at different areas of Lyari and Baldia Town. According to police sources, heavy contingents of LEAs conducted raids at Memon Society, Lea Market,
Published 06 Nov, 2011 12:00am
KWSB demands early restoration of power supply

KWSB demands early restoration of power supply

Water supply from Hub pumping station to the city remained suspended on Saturday due to power disruption by the KESC. This was stated here officially that the city will face 100 million gallons water shortage due to the non functioning of the pumping stat
Published 06 Nov, 2011 12:00am
Punjab government to finance livestock farmers

Punjab government to finance livestock farmers

Punjab government has announced to extend financial assistance for improvement in the supply chain management, enabling livestock and agricultural sector to introduce/export its selected products in the international market. 70 percent of the financial as
Published 06 Nov, 2011 12:00am
Punjab University lecturer's thesis published by SCIS

Punjab University lecturer's thesis published by SCIS

Punjab University College of Information Technology (PUCIT) Lecturer, Omer Nawaz MS thesis titled "Secure Identification in Social Wireless Networks" has been published by the Swedish Institute of Computer Science (SCIS). Omer has also received a stipend
Published 06 Nov, 2011 12:00am
Eid-ul-Azha: Lahore wears a deserted look

Eid-ul-Azha: Lahore wears a deserted look

Over three million homebound people on Saturday left Lahore for their native destinations to celebrate Eid-ul-Azha with their families and friends. The provincial metropolis would present a deserted look on Sunday (today). About three million outsiders ar
Published 06 Nov, 2011 12:00am
Separate province: PPP decision step forward, says minister

Separate province: PPP decision step forward, says minister

Federal Minister for Kashmir Affairs Manzoor Wattoo said here on Saturday that separation of PPP of southern Punjab "is a step forward towards a separate province". He was talking to media after meeting party general secretary Jehangir Badar. The minister
Published 06 Nov, 2011 12:00am
Dengue virus claims four more lives in Lahore

Dengue virus claims four more lives in Lahore

Another four people succumbed to dengue virus raising the total number of deaths in Punjab to 314 including 272 in Lahore. According to a report of Health Department Punjab, as many as 76 confirmed dengue patients have been reported in Punjab out of them,
Published 06 Nov, 2011 12:00am
UAF holds seminar on dengue virus

UAF holds seminar on dengue virus

Speakers at an awareness seminar said the death toll reported from dengue virus was lower in Pakistan than other dengue-hit countries. The virus took the lives of only one percent of the total dengue patients while in other countries the virus takes lives
Published 06 Nov, 2011 12:00am
Water conservation: government fails to implement policies: MHHDC report

Water conservation: government fails to implement policies: MHHDC report

The government has allocated Rs 5.1 billion for improving water resources but failed to implement policies and utilised only Rs 672 million, reveals a report on Human Development in South Asia 2010/2011: Food Security in South Asia published released by M
Published 06 Nov, 2011 12:00am
RAK Airways is all set to begin flight operations from Lahore next week

RAK Airways is all set to begin flight operations from Lahore next week

RAK Airways, the national airline of Ras Al Khaimah, one of the seven states in the UAE, is going to launch its flight operation from Lahore-Ras Al Khaimah-Lahore by November 11. The flight carrying airline officials as well as passengers will land at Lah
Published 06 Nov, 2011 12:00am
Agriculture help-line to remain closed for two days

Agriculture help-line to remain closed for two days

Agriculture help-line 0800-15000 or 0800-29000 being run by the information wing of the provincial agriculture department will remain closed on November 07 and 8, 2011 on account of holidays for Eid-ul-Azha. According to a spokesman of the wing, growers c
Published 06 Nov, 2011 12:00am
Five gamblers held

Five gamblers held

Police have arrested five gamblers and recovered stake money from their possession on Saturday. On city police raided at a gambling den at Shaheed road and arrested five gamblers red-handed.
Published 06 Nov, 2011 12:00am
Sacrificial animals: shifting of market adds to buyers' woes

Sacrificial animals: shifting of market adds to buyers' woes

Shifting of temporary cattle markets in the outskirts of the city to facilitate the faithful intending to buy sacrificial animals on Eid-ul-Azha here instead of traditional places has multiplied their hardships besides increase in the prices of these anim
Published 06 Nov, 2011 12:00am
Two judicial officers suspended

Two judicial officers suspended

The Chief Justice Lahore High Court (LHC) on Saturday suspended Chairman Drug Court Bahawalpur Mian Zafar Iqbal Bohar and an Additional District & Sessions Judge of Lahore Zubair Shahzad Kiani and withdrew judicial work from their courts due to complaints
Published 06 Nov, 2011 12:00am
Tribal elders call for intensifying on-going operation

Tribal elders call for intensifying on-going operation

Tribal Elders hailing from Khyber Agency have called for intensifying ongoing security forces' operation against criminal gangs in the agency to bring their logical end. Addressing at a news conference here at Peshawar Press Club (PPC), Khan Amir, Captain
Published 06 Nov, 2011 12:00am
Bomber dies in failed suicide attack

Bomber dies in failed suicide attack

A man blew himself up in a failed suicide bombing on Saturday. The bomber's explosives went off as he was heading to a target in Hazara, on the outskirts of Quetta, police said. "It was a failed suicide attack, the bomber was heading to Shia population ar
Published 06 Nov, 2011 12:00am
11 alleged outlaws held

11 alleged outlaws held

Police rounded up 11 outlaws in various parts of the city on Saturday. A spokesman said that police patrolling party nabbed two persons for having illegal 30 bore pistol. It also arrested two alleged thieves from whom valuable items were recovered. Police
Published 06 Nov, 2011 12:00am
IHC's two benches for next week

IHC's two benches for next week

Chief Justice of Islamabad High Court (IHC) Iqbal Hameed-ur-Rehman has constituted two benches, to hear a number of cases from next week starting on Wednesday after Eid holidays. The first bench comprises the Chief Justice, second bench Justice Riaz Ahmed
Published 06 Nov, 2011 12:00am
PPP Khyber Pakhtunkhwa pays homage to Nusrat Bhutto

PPP Khyber Pakhtunkhwa pays homage to Nusrat Bhutto

Provincial President, PPP, Khyber-Pakhtunkhwa, Senator Sardar Ali Khan paid rich tributes to the sacrifices of the Bhutto family and Begum Nusrat Bhutto for the strengthening of democracy in Pakistan. He was addressing a condolence reference and Qur'aan K
Published 06 Nov, 2011 12:00am
NH&MP takes foolproof security measures for Eid

NH&MP takes foolproof security measures for Eid

Inspector General, National Highway & Motorway Police (NH&MP) Wajid Ali Durrani on Saturday said that foolproof security measures are being taken to meet any emergency or any activity of terrorism on Eid. Chairing the meeting of senior officers for taking
Published 06 Nov, 2011 12:00am
Capital police finalise security plan for Eid

Capital police finalise security plan for Eid

Islamabad Capital Territory (ICT) Police have finalised a comprehensive security and patrolling plan for Eid-ul-Azha and also augmented the presence of security personnel at public, worship and other important places to thwart any untoward incident.
Published 06 Nov, 2011 12:00am
Flood survivors provided 18,320 mosquito nets

Flood survivors provided 18,320 mosquito nets

Spokesperson of World Health Organisation (WHO), Maryam Younus Saturday said that WHO has distributed 18,320 mosquito nets in the entire flood-hit area to control the spread of malaria. Talking to a private news channel, she said that the WHO works for th
Published 06 Nov, 2011 12:00am
Government move to grant India MFN status hailed

Government move to grant India MFN status hailed

Traders and industrialists have hailed the government for granting (most favoured nation) MFN status to India. In a statement, S. M. Muneer, Patron-in-Chief-KATI, Ehteshamuddin Chairman, Razzak A. Hasham and Tariq Malik, Vice Chairmen and former Chairman
Published 06 Nov, 2011 12:00am
SECP registers 244 companies in October

SECP registers 244 companies in October

During the month of October 2011, the Securities and Exchange Commission of Pakistan (SECP) registered 257 new companies. Private companies (244) have the highest share in new incorporation followed by 11 single member companies, one not-for-profit associ
Published 06 Nov, 2011 12:00am
Shahabuddin vows to strengthen PPP in Southern Punjab

Shahabuddin vows to strengthen PPP in Southern Punjab

Newly appointed President of Pakistan Peoples Party (PPP) Southern Punjab, Makhdoom Shahabuddin, vowed to strengthen the party in this part of country. Talking to Pakistan Television, he said that PPP would have better results in future in the Southern Pu
Published 06 Nov, 2011 12:00am
Ibad to offer Eid prayer at Old Polo Ground

Ibad to offer Eid prayer at Old Polo Ground

Sindh Governor Dr Ishratul Ibad will offer Eid prayer at Gulshan-e-Jinnag (old polo ground) on Monday at 8am. Later, he will exchange Eid greetings with senior officers of armed forces, diplomatic Corps of Islamic countries, Ulema, prominent citizens and
Published 06 Nov, 2011 12:00am
Traders jack up prices ahead of Eid

Traders jack up prices ahead of Eid

The prices of essential kitchen items, especially Eid-ul-Azha-specific commodities including onions, tomatoes, spices, green tea, yoghurt, milk and fruits, registered sharp increase during the current week compared to last week, a survey carried out by <i
Published 06 Nov, 2011 12:00am
Capital wears deserted look

Capital wears deserted look

Majority of the people, belonging to different parts of the country, have left for their home towns to celebrate the religious festival of Eid-ul-Azha with their near and dear ones. A large number of people left the city on Friday to spend more time with
Published 06 Nov, 2011 12:00am
New Bara Dam to generate 5-MW electricity: Khyber Pakhtunkhwa Speaker

New Bara Dam to generate 5-MW electricity: Khyber Pakhtunkhwa Speaker

Speaker Khyber Pakhtunkhwa Assembly, Kiramatullah Khan has said that besides generating five mega watt electricity, the construction of New Bara Multipurpose Dam will irrigate thousands of acres land of Khalil and Mohmand localities. He expressed these vi
Published 06 Nov, 2011 12:00am
Security beefed up ahead of Eid-ul-Azha

Security beefed up ahead of Eid-ul-Azha

Security has been tightened in Quetta ahead of Eid-ul-Azha, said the police sources on Saturday. According to the police sources, additional contingent of ATF, BC and FC have been deployed at the main markets of the city to cover the hundreds of people co
Published 06 Nov, 2011 12:00am
IN SHORT: Australia's sugar exports to rise four percent

IN SHORT: Australia's sugar exports to rise four percent

Australia's sugar exports are expected to rise 4 percent in 2011/12 despite some crop damage in February from a cyclone, ANZ Bank forecast on Friday. Raw sugar exports from the world's no. 3 exporting nation should climb to 2.6 million tonnes in the June-
Published 06 Nov, 2011 12:00am
IN SHORT: SIR20 rubber premiums jump

IN SHORT: SIR20 rubber premiums jump

Premiums for Indonesia's tyre grade SIR20 rubber soared to 22 US cents a kg versus Thai RSS3 grade from 5 cents in early October as weather disrupted tapping and Thai supply was plentiful, dealers said on Wednesday. SIR20 changed hands late on Tuesday at
Published 06 Nov, 2011 12:00am
IN SHORT: Uganda's coffee exports climb

IN SHORT: Uganda's coffee exports climb

Uganda's October coffee exports climbed 14.5 percent compared with the same month a year ago, beating expectations, boosted by a bumper harvest in eastern Uganda, a source at the state-run Uganda Coffee Development Authority (UCDA) said on Friday. The eas
Published 06 Nov, 2011 12:00am
Manila sees third quarter rice output above goal

Manila sees third quarter rice output above goal

The Philippines' rice output in the third quarter likely exceeded the government's target but typhoons since late September may dampen harvests in the final three months of the year, the Agriculture Secretary said on Friday. Proceso Alcala said despite th
Published 06 Nov, 2011 12:00am
Ivorian cocoa arrivals down

Ivorian cocoa arrivals down

Cocoa arrivals at Ivory Coast's port of San Pedro reached 64,047 tonnes by October 30 since the start of the season, according to data from the Coffee and Cocoa Bourse (BCC) obtained by Reuters on Friday. That compared with 78,418 tonnes delivered to the
Published 06 Nov, 2011 12:00am
Commodities' prices mostly drift lower on eurozone jitters

Commodities' prices mostly drift lower on eurozone jitters

Commodity prices mainly fell last week with market sentiment dominated by a eurozone debt crisis that overshadowed a shock interest rate cut by the European Central Bank and drop in US unemployment. "The past week has reflected price swings in commodity m
Published 06 Nov, 2011 12:00am
China's state firm to help market Australian cotton

China's state firm to help market Australian cotton

China's state cotton firm has inked a marketing deal with Australia's largest cotton processor, Namoi Cotton Co-operative Ltd , which has suffered losses despite record production and prices of the fibre. The 50/50 joint venture will market the 2012 to 20
Published 06 Nov, 2011 12:00am
Tocom rubber likely to be weaken in November

Tocom rubber likely to be weaken in November

Tokyo rubber futures are expected to weaken in November as the debt crisis in Europe continues to rattle financial markets and cloud the outlook for the world economy, but a seasonal fall in physical supply may provide support, a Reuters poll showed.
Published 06 Nov, 2011 12:00am
Cocoa grindings growth seen slowing in 2011-12

Cocoa grindings growth seen slowing in 2011-12

Global cocoa grindings are expected to slow in 2011/12, reverting to historical averages of 3 percent annual growth, as a deteriorating economic outlook dampens demand, even though the latest European quarterly grindings rose sharply. Rather than an indic
Published 06 Nov, 2011 12:00am
US gold drops in thin volume

US gold drops in thin volume

Gold fell on Friday in one of the quietest trading day, as the metal tracked riskier assets on fresh worries about the eurozone bailout fund and a mildly encouraging US nonfarm payrolls report. Bullion came under pressure on market frustrations that the e
Published 06 Nov, 2011 12:00am
Chinese copper demand likely to slow

Chinese copper demand likely to slow

Demand growth in China, the world's top copper consumer, is likely to slow to 5 to 6 percent next year on a weak world economy and tight domestic monetary policy, traders and analysts at an industry conference said. Euro zone debt problems could affect gl
Published 06 Nov, 2011 12:00am
Asian rice prices stay high despite thin trade

Asian rice prices stay high despite thin trade

The prospect of a drop in supply due to severe flooding in Thailand, the world's biggest rice exporter, helped support Asian rice prices this week although there were few buyers, except perhaps in India, traders said on Wednesday. The benchmark 100 percen
Published 06 Nov, 2011 12:00am
New York cotton ends modestly higher

New York cotton ends modestly higher

US cotton futures finished Friday with moderate gains as investors covered short positions heading into the weekend amid ideas Greece will reach a deal on its debt crisis and MF Global customer accounts will be transferred to add liquidity to cotton trade
Published 06 Nov, 2011 12:00am
Colombian FARC leader Alfonso Cano killed

Colombian FARC leader Alfonso Cano killed

Colombian troops killed Alfonso Cano, leader of the FARC (Revolutionary Armed Forces of Colombia), during a day-long operation in which his female companion also died, government and local officials said Cano died in a firefight late Friday during a massi
Published 06 Nov, 2011 12:00am
Seven killed in UK motorway inferno

Seven killed in UK motorway inferno

At least seven people were killed and 51 injured, police said Saturday, in one of the biggest British motorway crashes in decades, with an inferno burning vehicles to cinders. The 34-vehicle pile-up at 8:25 pm (2025 GMT) Friday on the M5 near Taunton, sou
Published 06 Nov, 2011 12:00am
Bill Clinton criticises Obama

Bill Clinton criticises Obama

US President Barack Obama comes in for criticism from a predecessor, Bill Clinton, over two political missteps in a forthcoming new book, the Washington Post reported Saturday. It said the first criticism was that the president did not raise the federal d
Published 06 Nov, 2011 12:00am
Indian singer Bhupen Hazarika dies

Indian singer Bhupen Hazarika dies

Legendary Indian singer Bhupen Hazarika, who composed music for hundreds of films, has died. He was 86 and had been in poor health for months. Hazarika composed music, wrote lyrics and sang for hundreds of films in the Hindi and Bengali languages. He popu
Published 06 Nov, 2011 12:00am
Syria frees over 550; seven dead in clashes

Syria frees over 550; seven dead in clashes

The Syrian regime on Saturday released more than 550 people arrested during anti-regime protests, kicking off an Arab peace plan, even as activists said fresh clashes claimed at least seven more lives. The Arab League chief, meanwhile, warned that failure
Published 06 Nov, 2011 12:00am
Communist paper seized on first day of Russia campaign

Communist paper seized on first day of Russia campaign

Russian police on Saturday impounded a truck full of Communist Party literature without explanation as the country officially kicked off its campaign for December 4 parliamentary polls. The State Duma elections are expected to return Prime Minister Vladim
Published 06 Nov, 2011 12:00am
Saudi king names Prince Salman to defence post

Saudi king names Prince Salman to defence post

King Abdullah on Saturday named his half-brother Prince Salman, who is governor of Riyadh, as Saudi Arabia's defence minister to succeed the late Crown Prince Sultan, state television Al-Ekhbariya said. Although Prince Salman served as governor for more t
Published 06 Nov, 2011 12:00am
Rahul Gandhi to head Congress party

Rahul Gandhi to head Congress party

Rahul Gandhi, tipped to be a future prime minister of India, is set to take over as president of the country's ruling Congress party by year's end, a report said on Saturday. Rahul was named in August to a four-member panel to run the party's affairs whil
Published 06 Nov, 2011 12:00am
Israel begins deporting Gaza boat activists

Israel begins deporting Gaza boat activists

Israeli authorities on Saturday began deporting pro-Palestinian activists who tried to breach the Jewish state's naval blockade of the Gaza Strip. The Israeli navy on Friday intercepted a Canadian vessel and an Irish boat carrying 27 activists and medical
Published 06 Nov, 2011 12:00am
Israel launches two Gaza air raids

Israel launches two Gaza air raids

Israeli aircraft carried out two air raids on the Gaza Strip without causing casualties on Saturday, Palestinian security services and witnesses said. They said the raids hit areas near Khan Yunis in the south of the territory controlled by the Islamist m
Published 06 Nov, 2011 12:00am
Northeast Nigeria militant attacks kill 65

Northeast Nigeria militant attacks kill 65

At least 65 people were killed in a spate of co-ordinated gun and bomb attacks in the north-east Nigerian city of Damaturu on Friday, an aid agency said, and witnesses said dozens of bodies were piling up in morgues in the now almost deserted city. Gunmen
Published 06 Nov, 2011 12:00am
Former CBS News commentator Andy Rooney dies

Former CBS News commentator Andy Rooney dies

Andy Rooney, the curmudgeonly commentator who pondered everything from shoelaces to the existence of God on CBS's "60 Minutes" news show for more than 30 years, died on Friday night at the age of 92, CBS said. Rooney, a four-time Emmy winner, died one mon
Published 06 Nov, 2011 12:00am
China has Australia space tracking station

China has Australia space tracking station

China has acquired a space tracking station in Australia, its first such facility in a close US ally, a report said Saturday. The station in remote Dongara, about 350 kilometres (217 miles) north of Perth in western Australia, was used during Tuesday's la
Published 06 Nov, 2011 12:00am
Thousands demonstrate against Berlusconi

Thousands demonstrate against Berlusconi

Tens of thousands of opposition activists have demonstrated in central Rome for Premier Silvio Berlusconi's ouster. Democratic Party leader Pierluigi Bersani told the crowd that his party was prepared to work with other opposition groups to lead a new gov
Published 06 Nov, 2011 12:00am
Storms lash northern Italy, France; seven killed

Storms lash northern Italy, France; seven killed

The death toll from storms which have lashed northern Italy and southern France rose to seven Saturday, as residential areas and roads remained in danger from landslides. In Italy, six people were killed on Friday in storm-related accidents.
Published 06 Nov, 2011 12:00am
Head of UK border force suspended

Head of UK border force suspended

The British government has suspended the head of its border agency following claims that some passport checks were relaxed without the knowledge of senior officials. The Home Office confirmed that it has suspended Brodie Clark, who was alleged to have aut
Published 06 Nov, 2011 12:00am
Welegedara lifts Sri Lanka after Younis hundred

Welegedara lifts Sri Lanka after Younis hundred

Paceman Chanaka Welegedara took two wickets with the second new ball, including that of centurion Younis Khan, to give Sri Lanka the edge in the third Test against Pakistan at Sharjah stadium here on Saturday. The 30-year-old left-arm paceman dismissed Yo
Published 06 Nov, 2011 12:00am
Williams apologises for racial slur against Woods

Williams apologises for racial slur against Woods

Caddie Steve Williams has apologised for making a racist remark about former employer Tiger Woods that stunned guests at an awards ceremony in Shanghai. "I apologise for the comments I made last night at the annual Caddie Awards dinner in Shanghai," Willi
Published 06 Nov, 2011 12:00am
PCB plans internal inquiry into spot-fixing scandal

PCB plans internal inquiry into spot-fixing scandal

The Pakistan Cricket Board (PCB) plans to launch its own inquiry into the spot-fixing scandal that led to jail terms for three former internationals in Britain this week, chairman Zaka Ashraf said on Saturday. Addressing reporters in Lahore, Ashraf said t
Published 06 Nov, 2011 12:00am
Man United rename north stand after Ferguson

Man United rename north stand after Ferguson

The north stand at Old Trafford was renamed 'The Sir Alex Ferguson Stand' on Saturday in recognition of his achievements during his 25 years as Manchester United's manager. The club is also commissioning a statue of the 69-year-old Scot who has brought 37
Published 06 Nov, 2011 12:00am
Dhoni does not want Tendulkar milestone to be distraction

Dhoni does not want Tendulkar milestone to be distraction

The anticipation of Sachin Tendulkar's 100th international century is the expected highlight of the team's three-Test series against West Indies but India captain Mahendra Singh Dhoni is not willing to let it become a distraction.
Published 06 Nov, 2011 12:00am
FIFA confirm England poppy 'ban'

FIFA confirm England poppy 'ban'

FIFA confirmed Saturday England's players will not be allowed to wear poppies on their shirts to mark Armistice Day when they face Spain in a friendly at Wembley next week. Veterans groups have protested FIFA's refusal to allow the distinct red emblem - o
Published 06 Nov, 2011 12:00am
'PFF needs professional sports-centric approach'

'PFF needs professional sports-centric approach'

In order to develop football on modern lines, Pakistan Football Federation (PFF) needs a professional sports-centric approach," said Ahmed Yar Khan Lodhi, General Secretary, PFF. While introducing Zavisa Milosavljevic from Serbia (Yugoslavia) to media dur
Published 06 Nov, 2011 12:00am
Al Sadd stun Jeonbuk to win Asian title

Al Sadd stun Jeonbuk to win Asian title

Al Sadd completed an unexpected Asian Champions League title triumph when they overcame all obstacles to beat hosts and favourites Jeonbuk Motors 4-2 on penalties following an enthralling 2-2 extra-time draw on Saturday.
Published 06 Nov, 2011 12:00am
Bracewell seals dramatic win over Zimbabwe

Bracewell seals dramatic win over Zimbabwe

Doug Bracewell's five-wicket debut haul crushed a spirited effort from Zimbabwe as New Zealand won the one-off Test match by 34 runs here on Saturday. Bracewell, 21, and Daniel Vettori claimed three wickets apiece in the final session to deny Zimbabwe wha
Published 06 Nov, 2011 12:00am
Durban climate deal unlikely: environment minister

Durban climate deal unlikely: environment minister

South Africa's environment minister does not expect countries to agree on a legally binding climate deal in Durban at the end of the month but does expect the talks at least to help retain the Kyoto protocol framework and move discussions forward. South A
Published 06 Nov, 2011 12:00am
Pentagon is asked to outline impact of budget cuts

Pentagon is asked to outline impact of budget cuts

Two senior Republican US senators pressed the Pentagon on Friday to release a detailed assessment of the impact more budget cuts would have on national security, saying Congress needs to hear specifics. Senators John McCain and Lindsay Graham, two influen
Published 06 Nov, 2011 12:00am
Spanish centre-right seen winning by landslide: poll

Spanish centre-right seen winning by landslide: poll

Spain's centre-right People's Party (PP) will gain a landslide victory and control of parliament in a November 20 election because voters blame the Socialist government for the dire state of the economy, an opinion poll showed on Friday. The PP would win
Published 06 Nov, 2011 12:00am
US Army veteran injured in Oakland clashes with police

US Army veteran injured in Oakland clashes with police

A former US Army Ranger and Occupy Oakland protester was in intensive care on Friday after a veterans' group said he was beaten by police during clashes with anti-Wall Street demonstrators this week. Kayvan Sabeghi, 32, was arrested and hospitalised about
Published 06 Nov, 2011 12:00am
Vietnam diplomat warns of war in South China Sea

Vietnam diplomat warns of war in South China Sea

Territorial tensions in the South China Sea could explode into "full-scale conflicts" unless quarrelling neighbours abide by international law, a Vietnamese diplomat warned on Friday. Dang Dinh Quy, president of the state-run Diplomatic Academy of Vietnam
Published 06 Nov, 2011 12:00am
US Republican candidates court Iowa insiders

US Republican candidates court Iowa insiders

Five Republican presidential hopefuls auditioned for Iowa's party insiders at a fund-raising dinner on Friday, sparing each other from criticism but dishing up plenty of red-meat attacks on Washington and President Barack Obama. Two months before Iowa kic
Published 06 Nov, 2011 12:00am
Sudan lodges Juba 'border war' complaint with UN

Sudan lodges Juba 'border war' complaint with UN

Sudan has lodged a fresh complaint with the UN Security Council detailing South Sudan's alleged support for rebels in its war-torn border states, just four months after partition, state media reported Saturday. Sudan's UN ambassador, Daffa-Alla Elhag Ali
Published 06 Nov, 2011 12:00am
45 saved in major Chinese mine rescue

45 saved in major Chinese mine rescue

Forty-five miners trapped underground after a rock blast in a Chinese coal mine were brought to the surface Saturday in a rare successful rescue, CCTV state television reported. Eight people had been confirmed killed by Thursday's accident at the Qianqiu
Published 06 Nov, 2011 12:00am
Malaysian court sentences three Iranians to hang

Malaysian court sentences three Iranians to hang

A Malaysian court on Friday sentenced three Iranians to hang for trafficking methamphetamine, their lawyer said. A high court outside the capital Kuala Lumpur found the three men guilty of drug trafficking, which carries a mandatory death penalty in Malay
Published 06 Nov, 2011 12:00am
Supporters pitch in to help China's Ai pay tax fine

Supporters pitch in to help China's Ai pay tax fine

Supporters of Chinese artist Ai Weiwei have contributed nearly 1.8 million yuan ($285,000) towards a huge tax fine imposed after he was released from detention this year, a friend said on Saturday. Ai, whose 81-day disappearance into police custody caused
Published 06 Nov, 2011 12:00am
Tunisian constitution will make no place for faith

Tunisian constitution will make no place for faith

Tunisia's Islamist-led government will focus on democracy, human rights and a free-market economy in planned changes to the constitution, effectively leaving religion out of the text it will draw up, party leaders said. The government, due to be announced
Published 06 Nov, 2011 12:00am
Latam currencies weaken against US dollar

Latam currencies weaken against US dollar

Latin American currencies weakened against the US dollar on Friday amid concerns Greece's political problems will lead to a default and stymie access to credit and growth world-wide. Greek Prime Minister George Papandreou and his government face a confide
Published 06 Nov, 2011 12:00am
African currencies outlook

African currencies outlook

All eyes are likely to be on Nigeria's central bank next week to see whether it is going to allow the mid-point of its naira trading band to weaken, while Kenya's shilling is likely to gain on the back of aggressive monetary tightening.
Published 06 Nov, 2011 12:00am
CEE markets outlook

CEE markets outlook

Uncertainty over the results of the Greek confidence vote prevented central European currencies from adding to gains from the previous session with concerns over a possible credit rating downgrade also holding back the forint. The surprise quarter-point i
Published 06 Nov, 2011 12:00am
Speculators' long dollar bets rise in latest week

Speculators' long dollar bets rise in latest week

Currency speculators increased bets in favour of the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday and Reuters calculations. The value of the dollar's net long position rose to $9.87 billi
Published 06 Nov, 2011 12:00am
Canadian dollar drops on jobs data

Canadian dollar drops on jobs data

The Canadian dollar dropped more than a cent on Friday after employment numbers plunged in October, bucking expectations for a gain in jobs and boosting the chances of an eventual Bank of Canada interest rate cut. Canadian employers cut almost all the job
Published 06 Nov, 2011 12:00am
Euro holds steady against dollar

Euro holds steady against dollar

The euro held steady against the dollar on Friday ahead of a confidence vote in Greece that could set the stage for its approval of the new EU crisis plan - or a collapse of the Greek government. Although the day was rocky in trade, at 2200 GMT - just ahe
Published 06 Nov, 2011 12:00am
BoJ Ishida warns of yen rise pain, euro debt woes

BoJ Ishida warns of yen rise pain, euro debt woes

Japan's central bank must be vigilant about damage the yen's strength may still inflict on the economy, board member Koji Ishida told Reuters, signalling its readiness to boost monetary stimulus again if the nation's recovery appears under threat. But he
Published 06 Nov, 2011 12:00am
Dollar's many woes complicate Japan intervention

Dollar's many woes complicate Japan intervention

When it comes to weakening the yen, currency speculators are the least of Japan's problems. That's because when policymakers intervene to limit yen strength, as they did Monday, they square off against a formidable array of forces, including US monetary p
Published 06 Nov, 2011 12:00am
Wall Street ends four consecutive weeks of gains

Wall Street ends four consecutive weeks of gains

US stocks fell on Friday, ending four weeks of back-to-back gains, as political instability resurfaced in Europe and investors braced for a confidence vote in Greece after US markets close. The vote on Greek Prime Minister George Papandreou leaves the fat
Published 06 Nov, 2011 12:00am
Retail buyers returning as default worries dim

Retail buyers returning as default worries dim

Individual investors see fewer financial-default clouds hanging over US local and state governments and are steadily tiptoeing back to America's $3.7 trillion municipal bond market. Mutual funds specialising in munis had a fourth consecutive week of fresh
Published 06 Nov, 2011 12:00am
Retail buyers returning as default worries dim

Retail buyers returning as default worries dim

Individual investors see fewer financial-default clouds hanging over US local and state governments and are steadily tiptoeing back to America's $3.7 trillion municipal bond market. Mutual funds specialising in munis had a fourth consecutive week of fresh
Published 06 Nov, 2011 12:00am
US Treasury Outlook: Debt yields may rise on new supply

US Treasury Outlook: Debt yields may rise on new supply

US Treasuries investors may demand higher yields next week to absorb $72 billion in new supply, though resurgent fears over the European debt crisis will govern how far any potential debt weakness will reach. The US bond market might succumb to selling ea
Published 06 Nov, 2011 12:00am
US Treasury Outlook: Debt yields may rise on new supply

US Treasury Outlook: Debt yields may rise on new supply

US Treasuries investors may demand higher yields next week to absorb $72 billion in new supply, though resurgent fears over the European debt crisis will govern how far any potential debt weakness will reach. The US bond market might succumb to selling ea
Published 06 Nov, 2011 12:00am
Treasuries climb

Treasuries climb

US Treasuries prices rose on Friday before a confidence vote in Greece on the prime minister with the outcome likely to determine whether the nation will get a 130-billion-euro rescue package to avert a default. The market erased earlier losses in choppy
Published 06 Nov, 2011 12:00am
Treasuries climb

Treasuries climb

US Treasuries prices rose on Friday before a confidence vote in Greece on the prime minister with the outcome likely to determine whether the nation will get a 130-billion-euro rescue package to avert a default. The market erased earlier losses in choppy
Published 06 Nov, 2011 12:00am
Turkish assets flat

Turkish assets flat

The Turkish lira closed nearly flat against the dollar on Friday, as it surrendered some of its early gains and shares closed down 0.61 percent following deterioration on external markets due to doubts about the EU bailout fund. Greek Prime Minister Georg
Published 06 Nov, 2011 12:00am
Latam stocks end worst week in quarter

Latam stocks end worst week in quarter

Latin American stocks ended flat on Friday, capping its worst week this quarter over renewed concerns Greece could default and European's leaders would fail to stem the debt crisis. The MSCI Latin American stock index ended up 0.2 percent after a week of
Published 06 Nov, 2011 12:00am
TSX ends lower

TSX ends lower

Canadian stocks turned lower on Friday following two days of gains, as Greece's unstable political climate and weak North American jobs data hurt investor confidence. As the weekend approach, markets were focused on the fate of Greek Prime Minister George
Published 06 Nov, 2011 12:00am
Indian bond yields rise

Indian bond yields rise

Indian federal bond yields closed higher on Friday as investors shifted positions to the new 10-year bond, touted to be the next benchmark, and cut their holdings ahead of a holiday-shortened week. The 7.80 percent 2021 bond, the current benchmark bond, c
Published 06 Nov, 2011 12:00am
Indian bond yields rise

Indian bond yields rise

Indian federal bond yields closed higher on Friday as investors shifted positions to the new 10-year bond, touted to be the next benchmark, and cut their holdings ahead of a holiday-shortened week. The 7.80 percent 2021 bond, the current benchmark bond, c
Published 06 Nov, 2011 12:00am
Sri Lankan stocks up

Sri Lankan stocks up

Sri Lanka's stock market ended the week a tad firmer on Friday but the turnover slumped to a two-year low as negative sentiments after a top regulator official was transferred kept cautious investors on the sideline. The island nation's main share index e
Published 06 Nov, 2011 12:00am
Groupon pulls off IPO by cutting valuation, float

Groupon pulls off IPO by cutting valuation, float

When Groupon Inc filed its plan to go public with US regulators in June, Chief Executive Andrew Mason proclaimed in a letter to prospective shareholders that "life is too short to be a boring company." In the months that followed, the daily deals website,
Published 06 Nov, 2011 12:00am
Japanese bonds higher in subdued trade

Japanese bonds higher in subdued trade

Japanese government bonds were firm in subdued trade on Friday, with the 10-year yield below 1 percent as market players were cautious about shifting positions amid uncertainty over developments in Greece and ahead of US jobs data. Greece's abrupt call fo
Published 06 Nov, 2011 12:00am
Japanese bonds higher in subdued trade

Japanese bonds higher in subdued trade

Japanese government bonds were firm in subdued trade on Friday, with the 10-year yield below 1 percent as market players were cautious about shifting positions amid uncertainty over developments in Greece and ahead of US jobs data. Greece's abrupt call fo
Published 06 Nov, 2011 12:00am
China aid to Europe should await workable plans: adviser

China aid to Europe should await workable plans: adviser

China should await workable plans from Europe before Beijing puts money into any bailout package, an adviser to the Chinese central bank said on Friday, adding that China should insist on "certain controls" over how the money will be used. Li Daokui told
Published 06 Nov, 2011 12:00am
British Airways owner IAG to buy UK's bmi

British Airways owner IAG to buy UK's bmi

British Airways owner IAG has agreed to buy Lufthansa's UK unit bmi in a bid to squeeze more growth from its capacity constrained Heathrow hub and expand services to emerging markets in Asia and Latin America. The agreement came as IAG reported a sharp fa
Published 06 Nov, 2011 12:00am
Brazil to sell 30-year debt by reopening 2041 bond

Brazil to sell 30-year debt by reopening 2041 bond

Brazil's Treasury said on Friday that it plans to sell $500 million of dollar-denominated 30-year debt, reopening an existing bond. The bonds carry a 5.625 percent coupon and mature in January 2041. The sale will be managed by Barclays Capital and Bank of
Published 06 Nov, 2011 12:00am
Brazil to sell 30-year debt by reopening 2041 bond

Brazil to sell 30-year debt by reopening 2041 bond

Brazil's Treasury said on Friday that it plans to sell $500 million of dollar-denominated 30-year debt, reopening an existing bond. The bonds carry a 5.625 percent coupon and mature in January 2041. The sale will be managed by Barclays Capital and Bank of
Published 06 Nov, 2011 12:00am
Australia's central bank cuts growth, inflation view

Australia's central bank cuts growth, inflation view

Australia's central bank on Friday trimmed its outlook for economic growth and slashed forecasts for inflation, warning the biggest threat to the local economy was Europe's sovereign debt and banking crisis. In a 70-page report, the Reserve Bank of Austra
Published 06 Nov, 2011 12:00am
China to phase out incandescent light bulbs in five years

China to phase out incandescent light bulbs in five years

China will ban imports and sales of certain incandescent light bulbs starting next October to encourage the use of alternative lighting sources such as light-emitting diode (LED), the Securities Times reported on Saturday. China's planning agency, the Nat
Published 06 Nov, 2011 12:00am
S&P puts Sony on negative credit watch

S&P puts Sony on negative credit watch

Standard and Poor's on Friday put Sony Corp on a negative credit watch after the Japanese electronics giant warned it expected to slide to its fourth straight annual loss. The US rating agency placed its "A-" long-term corporate credit and senior unsecure
Published 06 Nov, 2011 12:00am
Japan's nuclear operator posts $711 million quarterly loss

Japan's nuclear operator posts $711 million quarterly loss

Tokyo Electric Power Co (TEPCO) booked a net loss of 55.5 billion yen (711 million dollars) for the July-September quarter after carrying costs to deal with the ongoing nuclear crisis, the company said Friday. The figure compared to a net profit of 97.7 b
Published 06 Nov, 2011 12:00am
Japan's nuclear operator posts $711 million quarterly loss

Japan's nuclear operator posts $711 million quarterly loss

Tokyo Electric Power Co (TEPCO) booked a net loss of 55.5 billion yen (711 million dollars) for the July-September quarter after carrying costs to deal with the ongoing nuclear crisis, the company said Friday. The figure compared to a net profit of 97.7 b
Published 06 Nov, 2011 12:00am
Olympus removed auditor after accounting dispute

Olympus removed auditor after accounting dispute

Japan's Olympus Corp replaced its auditor in 2009 after a disagreement over how to account for several acquisitions, but it decided not to reveal the dispute to investors, an internal document shows. Olympus has lost 55 percent of its market value since i
Published 06 Nov, 2011 12:00am
SingTel to pay up to $259 million to raise stake in Thai AIS

SingTel to pay up to $259 million to raise stake in Thai AIS

Singapore Telecommunications Ltd (SingTel) said it will increase its stake in its Thai affiliate, Advanced Info Services Public Company Limited , to 23.32 percent for up to S$328 million ($258.7 million). SingTel said late on Friday that its wholly owned
Published 06 Nov, 2011 12:00am
Biden urges US Congress to act on Obama's jobs plan

Biden urges US Congress to act on Obama's jobs plan

US Vice President Joe Biden warned Saturday that the latest US jobs report demonstrated the urgent need for Congress to pass the White House-backed "American Jobs Act." Official Labour Department figures on Friday found that 80,000 jobs were created last
Published 06 Nov, 2011 12:00am
Tata group looking for New Hope bid

Tata group looking for New Hope bid

India's Tata group is looking at the assets of Australia's New Hope Corp, a $5 billion coal miner that put itself up for auction last month, and could consider a bid in the future, a source with direct knowledge of the matter said on Saturday. Tata group
Published 06 Nov, 2011 12:00am
BNP Paribas looks to buy out India institutional broking partner

BNP Paribas looks to buy out India institutional broking partner

French lender BNP Paribas is in advanced talks to buy out its Indian partner Geojit Financial Services in an institutional broking joint venture, two sources with direct knowledge of the matter said on Saturday. Earlier in the day, the Times of India news
Published 06 Nov, 2011 12:00am
Indian government faces revolt over fourth petrol hike in a year

Indian government faces revolt over fourth petrol hike in a year

India's prime minister returned from abroad on Saturday to face a political revolt over a petrol price increase with a key coalition ally threatening to withdraw support unless the hike is reversed. The regional Trinamool Congress, the second-largest part
Published 06 Nov, 2011 12:00am
Egypt gets $400 million from Islamic trade financier

Egypt gets $400 million from Islamic trade financier

The trade financing arm of the Islamic Development Bank (IDB) has offered $400 million to help Egypt finance imports of petroleum products, wheat and other foodstuffs, Egypt's official news agency MENA reported on Saturday. The funds were offered by IDB's
Published 06 Nov, 2011 12:00am
Hyundai Motor labour union picks militant leader

Hyundai Motor labour union picks militant leader

The labour union of Hyundai Motor, South Korea's top automaker, announced on Saturday it has elected a militant candidate as its new leader who narrowly beat a rival who led the union without a strike for three consecutive years. Moon Yong-moon will now l
Published 06 Nov, 2011 12:00am
Saudi minister says euro effect to be 'very limited'

Saudi minister says euro effect to be 'very limited'

The impact of Europe's economic woes on Saudi Arabia will be "very limited" because the kingdom has the "appropriate means" to guard against any financial shockwave, the country's Finance Minister Ibrahim Alassaf said. Leaders of the world's major economi
Published 06 Nov, 2011 12:00am
India's central bank eases share transfer rules under FDI

India's central bank eases share transfer rules under FDI

India's central bank has eased rules regarding share transfers between Indians and non-resident investors, in a move to liberalise and rationalise policies governing foreign direct investments (FDI) in the country, it said in a statement. Reserve Bank of
Published 06 Nov, 2011 12:00am
US closes two more banks, 87 so far in 2011

US closes two more banks, 87 so far in 2011

US regulators closed two more banks on Friday - one in Utah and another in Nebraska - bringing the total number this year to 87. The Federal Deposit Insurance Corporation (FDIC) said the SunFirst Bank of Saint George, Utah, has been closed. It said the th
Published 06 Nov, 2011 12:00am
Merkel sees no swift end to debt crisis

Merkel sees no swift end to debt crisis

German Chancellor Angela Merkel said on Saturday it would take a decade before the eurozone was in a better position and there was much work left to be done to solve the bloc's sovereign debt crisis. "(It will) certainly take a decade until we are in a be
Published 06 Nov, 2011 12:00am
Merkel belatedly leading in eurozone crisis: Schroeder

Merkel belatedly leading in eurozone crisis: Schroeder

Chancellor Angela Merkel has belatedly demonstrated leadership in the eurozone debt crisis and it was the right thing to do, even though she faces resistance in her party and from the public, ex-chancellor Gerhard Schroeder said. In an interview with Reut
Published 06 Nov, 2011 12:00am
MF Global Asia bidding extended on surge in offers

MF Global Asia bidding extended on surge in offers

Bidding for MF Global's operations in Asia and Australia was extended by one day because of an influx of offers for the collapsed US brokerage, a provisional liquidator for the company's Hong Kong unit said on Saturday. MF Global filed for bankruptcy in t
Published 06 Nov, 2011 12:00am
Ermotti to be appointed permanent UBS CEO

Ermotti to be appointed permanent UBS CEO

Interim CEO Sergio Ermotti will be appointed permanent chief executive of Swiss bank UBS ahead of the bank's investor day on November 17, a Swiss newspaper reported, citing unnamed sources close to the matter. Daily Tages-Anzeiger said on Saturday that Er
Published 06 Nov, 2011 12:00am
Latest attack poses fresh threat to Kenya's tourism sector

Latest attack poses fresh threat to Kenya's tourism sector

Friday's attack on Swiss tourists is the latest in a string of incidents that could hit Kenya's key tourism industry which has only just recovered from the impact of post-election violence in 2008. Over the past two months Kenya has sent troops into neigh
Published 06 Nov, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 146,356 tonnes of cargo comprising 118,955 tonnes of import cargo and 27,401 tonnes of export cargo including 7,017 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 118,955
Published 06 Nov, 2011 12:00am
EU raises 2011-12 maize output to 63.7 million tonnes

EU raises 2011-12 maize output to 63.7 million tonnes

Usable maize output from this year's European Union harvest should reach 63.7 million tonnes, up from 60.8 million tonnes estimated last month and well above 57.2 million tonnes in 2010, data released by the EU's executive showed on Friday. Analysts have
Published 06 Nov, 2011 12:00am
Europe's cocoa price differentials firm on low sales

Europe's cocoa price differentials firm on low sales

Price differentials in Europe's cash cocoa market were firm this week because of low sales from origin suppliers, especially Ivory Coast, traders said on Friday. "Farmers in Ivory Coast are not selling as they appear to be unhappy about the current genera
Published 06 Nov, 2011 12:00am
Canadian canola futures slip

Canadian canola futures slip

ICE Canadian canola futures slipped on Friday to a slim weekly loss, pressured by late selling on thin trading volumes. Weakness in US soybeans and crude oil weighed on canola, negating support from a softer Canadian dollar. Total volume was a thin 8,143
Published 06 Nov, 2011 12:00am
Argentine soya planting helped by rains

Argentine soya planting helped by rains

The planting of 2011/12 soyabeans in Argentina was helped by recent rains that brought relief to farmers after a dry September, the Agricultural Ministry said in its weekly report on Friday. Argentina is the world's top soyameal and soyaoil exporter and t
Published 06 Nov, 2011 12:00am
US grain futures fall

US grain futures fall

US grain futures fell more than 1 percent on Friday as fresh doubts emerged over Europe's bailout package and traders evened positions ahead of a monthly US government crop supply-demand report next week. Jitters before a key vote in Greece over the fate
Published 06 Nov, 2011 12:00am
Cane pricing dispute may delay India's sugar exports

Cane pricing dispute may delay India's sugar exports

A second tranche of sugar exports from India could be delayed because of a dispute over cane pricing that is preventing the government from getting clarity on final production figures needed to decide how much overseas sales to allow. The dispute may not
Published 06 Nov, 2011 12:00am
SRW wheat export premiums steady

SRW wheat export premiums steady

Export premiums for soft red winter wheat at the US Gulf Coast were mostly steady with a firm tone on Friday on slow grain movement and slightly improved export demand, traders said. Hard red winter wheat export premiums were unchanged, with values underp
Published 06 Nov, 2011 12:00am
Low volume of business in last pre-holiday session on cotton market

Low volume of business in last pre-holiday session on cotton market

Slow volume of business was again witnessed on the cotton market on Saturday ahead of long weekend due to Eid-ul-Azha holidays, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,450, they said. Prices of seedcotto
Published 06 Nov, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was up and January vaida was inert on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract that had ended at Rs 1307.80 showed a variation of 10 paisa in the morning session at Rs
Published 06 Nov, 2011 12:00am
Modest business in pre-holiday session on grain market

Modest business in pre-holiday session on grain market

Modest business was seen on the wholesale grain market on Saturday ahead of long weekend due to Eid holidays, dealers said. On the grams side grams Australia No 1 lost Rs 50 to Rs 4600-4800, grams Australian No 1 dal also fell by Rs 100 to Rs 5700-5900, b
Published 06 Nov, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
THE RUPEE: dollar value unchanged

THE RUPEE: dollar value unchanged

The rupee retained the overnight levels against dollar on the currency market at the weekend in process of trading, dealers said. The rupee maintained its overnight levels in relation to dollar for buying and selling at 86.40 and 86.80, they said.
Published 06 Nov, 2011 12:00am
THE RUPEE: dollar value unchanged

THE RUPEE: dollar value unchanged

The rupee retained the overnight levels against dollar on the currency market at the weekend in process of trading, dealers said. The rupee maintained its overnight levels in relation to dollar for buying and selling at 86.40 and 86.80, they said.
Published 06 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (November 05, 2011).

Published 06 Nov, 2011 12:00am
'Islam is the solution for the problems': over 2.5 million perform Hajj

'Islam is the solution for the problems': over 2.5 million perform Hajj

More than two million Muslims gathered Saturday on Saudi Arabia's Mount Arafat and its surrounding plain, marking the peak day of the hajj, the world's largest annual pilgrimage. Dressed in white garments, the pilgrims filled the Namera Mosque in Arafat a
Published 06 Nov, 2011 12:00am
'Islam is the solution for the problems': over 2.5 million perform Hajj

'Islam is the solution for the problems': over 2.5 million perform Hajj

More than two million Muslims gathered Saturday on Saudi Arabia's Mount Arafat and its surrounding plain, marking the peak day of the hajj, the world's largest annual pilgrimage. Dressed in white garments, the pilgrims filled the Namera Mosque in Arafat a
Published 06 Nov, 2011 12:00am
LTUs, RTOs told to check flight of capital

LTUs, RTOs told to check flight of capital

Taking a serious notice of slow progress of national documentation drive, the Federal Board of Revenue (FBR) has decided to take stern action to check flight of capital outside the country, taking into account investment made by resident Pakistanis aboard
Published 06 Nov, 2011 12:00am
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