News Archives for Latest - 2011-12-07

Archive - 2011-12-07

Top News

Japan machinery orders down 6.9pc in October

TOKYO: Japan's core private-sector machinery orders, a leading indicator of corporate capital spending, fell 6.9 percent

Published 07 Dec, 2011 11:59pm

Top News

US wishes Zardari well, dismisses coup rumors

WASHINGTON: The United States Wednesday wished President Asif Ali Zardari well after aides said he suffered a heart at

Published 07 Dec, 2011 11:59pm

Life & Style

Jodie Foster's father guilty over home scam

LOS ANGELES: Jodie Foster's estranged father was found guilty Wednesday of a property scam in which he touted his relati

Published 07 Dec, 2011 11:43pm

Top News

IMF denies that G20 will pool funds for Europe

WASHINGTON: The International Monetary Fund on Wednesday denied a report that the G20 economic powers will pool $600 bil

Published 07 Dec, 2011 11:35pm

Financial

US stocks end higher despite eurozone doubts

NEW YORK: US stocks erased losses in the last hour of trade Wednesday to end mostly higher despite doubts that the EU s

Published 07 Dec, 2011 09:47pm

Arts

Tintin videogame arrives ahead of Spielberg film

SAN FRANCISCO: Beloved comic book boy reporter Tintin is leaping on to videogame consoles ahead of the US release of a f

Published 07 Dec, 2011 09:30pm

Life & Style

American Airlines slams 'rude' actor in plane row

LOS ANGELES: American Airlines slammed Alec Baldwin as "extremely rude" Wednesday after the US actor took to his Twitter

Published 07 Dec, 2011 09:30pm

Financial

Euro recovers to trade higher vs the dollar

NEW YORK: The euro recovered losses to trade slightly higher against the dollar on Wednesday as investors positioned for

Published 07 Dec, 2011 09:13pm

Business & Finance

Special Education department forget to celebrate International Day of Persons with Disabilities

RECORDER REPORT KARACHI : Sindh government has forgotten to celebrate International Day of Persons with Disabilities,

Published 07 Dec, 2011 09:05pm

Top News

Triple-A Austria passes 'golden rule' on debt

VIENNA: Triple-A-rated Austria Wednesday passed legislation obliging the country to cut its national debt and move towar

Published 07 Dec, 2011 08:56pm

Managed Funds

Dollar demand in ECB tender shows funding stress

NEW YORK/LONDON: A larger-than-expected take-up of dollars at a European Central Bank tender on Wednesday reflected euro

Published 07 Dec, 2011 08:47pm

Commodities

US wheat futures drop as export demand dries up

CHICAGO: US wheat futures fell on Wednesday, with the benchmark Chicago Board of Trade soft red winter wheat contract no

Published 07 Dec, 2011 08:47pm

Commodities

CBOT corn ends lower on slow exports

CHICAGO: Chicago Board of Trade corn futures ended lower Wednesday on slow exports of US corn and liquidation tied to ji

Published 07 Dec, 2011 08:42pm

Commodities

NY cotton finishes lower as euro zone fears hit

NEW YORK: Cotton futures settled lower Wednesday on light investor sales, after renewed worries over the euro zone debt

Published 07 Dec, 2011 08:34pm

Commodities

Soymeal slightly up with Chicago: European feeds

ROTTERDAM: Soymeal on the European meals and feeds market recovered a little on Wednesday in thin trade on a slightly we

Published 07 Dec, 2011 08:11pm

Commodities

Sugar and coffee hit by macro weakness, cocoa drops

NEW YORK/LONDON: Sugar and coffee futures crumbled Wednesday and cocoa hit a fresh three-year low as investors dumped ma

Published 07 Dec, 2011 08:11pm

North America

Doubts Iran can make use of wrecked drone: US

WASHINGTON: The United States has doubts Iran will be able to make use of the highly sophisticated technology found in

Published 07 Dec, 2011 07:59pm

Cricket

Dilshan praises Smith role over salaries

BENONI: Sri Lanka skipper Tillakaratne Dilshan thanked South Africa counterpart Graeme Smith Wednesday amid signs that m

Published 07 Dec, 2011 07:58pm

Commodities

Copper slips as Germany dampens EU summit hopes~

NEW YORK/LONDON: Copper fell for a second straight day on Wednesday as investors doubted whether an EU summit at the end

Published 07 Dec, 2011 07:31pm

Business & Finance

Small traders, cottage industries protest against CNG closure

RECORDER REPORT KARACHI : All Pakistan Organization of Small Traders and Cottage Industry is holding a protest demons

Published 07 Dec, 2011 07:21pm

Financial

Three foreign firms promoted to FTSE 100

LONDON: Recently listed Russian steelmaker Evraz, Russian precious metals miner Polymetal International and Irish buildi

Published 07 Dec, 2011 07:21pm

Commodities

NY juice settles lower on lower outside markets

NEW YORK: Orange juice futures closed lower Wednesday on follow-through investor sales and pressure from weak outside fi

Published 07 Dec, 2011 07:12pm

Industries & Sectors

Sindh govt failed to establish Agro-based industrial units

RECORDER REPORT KARACHI: Sindh government failed to establish Agro-based industrial units of different vegetables, Ma

Published 07 Dec, 2011 06:44pm

Business & Finance

Students now get 4 years time to pass SSC, HSC exams

KARACHI: The students now have four years instead of three for passing the 9th, 10th, 11th and 12th class examination

Published 07 Dec, 2011 05:54pm

Business & Finance

US to vacate Shamsi airbase as per deadline: Malik

ISLAMABAD: Federal Interior Minister Rehman Malik said on Wednesday that United States would vacate the Shamsi airbase a

Published 07 Dec, 2011 05:37pm

Business & Finance

Sindh CM grieves over deaths in bus cylinder blast near Matiari

KARACHI: Sindh Chief Minister, Syed Qaim Ali Shah on Wednesday expressed deep sorrow and grief over deaths of many passe

Published 07 Dec, 2011 05:25pm

Business & Finance

Students now get 4 years time to pass SSC, HSC exams

KARACHI: The students now have four years instead of three for passing the 9th, 10th, 11th and 12th class examinations.

Published 07 Dec, 2011 05:17pm

Markets

LSE sheds 60.23 points

LAHORE: Lahore Stock Exchange on Wednesday shed 60.23 points, as the LSE 25-Indux opened with 2888.85 points and closed

Published 07 Dec, 2011 05:08pm

Top News

LHC moved against Punjab Govt for seeking inquiry about WB funds

LAHORE: A petition was moved on Wednesday in the Lahore High Court seeking inquiry into alleged misappropriation of fund

Published 07 Dec, 2011 05:04pm

Markets

Gold slips to Rs 49,585

KARACHI: Gold slipped by Rs 43 to close at Rs 49,585 per 10 grams in the local market Tuesday, as its international pric

Published 07 Dec, 2011 04:53pm

Top News

CM chairs meeting of Finance and P&D depts

KARACHI: Sindh Chief Minister, Syed Qaim Ali Shah, Wednesday presided a meeting at the CM House here to review the devel

Published 07 Dec, 2011 04:48pm

Top News

Virus may affect kinnow production this year

ISLAMABAD: The country may not achieve its target of kinnow production and export this year owing to attack of virus aff

Published 07 Dec, 2011 03:53pm

Business & Finance

Three militants killed in clash

LANDI KOTAL: Three militants were killed during a bloody clash with local peace lashkar here in Khyber Agency, official

Published 07 Dec, 2011 03:33pm

Middle East

Syria's Assad denies responsibility for crackdown

WASHINGTON: Syrian President Bashar al-Assad denied ordering the killing of thousands of protesters and said "only a cra

Published 07 Dec, 2011 03:24pm

Top News

Pakistan wants stable, prosperous Afghanistan: Kaira

ISLAMABAD: Pakistan Peoples Party Information Secretary Qamar Zaman Kaira said that Pakistan will help Afghanistan to ge

Published 07 Dec, 2011 02:30pm

Top News

EU to cut aid to 19 emerging countries from China to Brazil

BRUSSELS: The European Commission decided on Wednesday to cut aid from 2014 to 19 emerging economies including China, In

Published 07 Dec, 2011 02:24pm

Financial

Crude prices firm as traders await key EU summit

LONDON: Oil prices rose on Wednesday on the eve of a EU summit that will focus on resolving the eurozone debt crisis, an

Published 07 Dec, 2011 02:11pm

Financial

Portugal raises 1.0bn euros for three months at lower rate

LISBON: Portugal raised one billion euros ($1.344 billion) in three-month treasury bills on Wednesday at an interest rat

Published 07 Dec, 2011 12:34pm

Top News

India cannot afford more than 5-6pc inflation

NEW DELHI: India cannot afford to have more than 5 to 6 percent of inflation, Finance Minister Pranab Mukherjee told law

Published 07 Dec, 2011 11:44am

Industry

IATA cuts airline profit forecast, warns on Europe crisis

GENEVA: The International Air Transport Association (IATA) cut its forecast for airline industry profits by a quarter to

Published 07 Dec, 2011 11:41am

Financial

Uganda shilling firms a touch ahead of debt sale

KAMPALA: The Ugandan shilling firmed marginally against the dollar on Wednesday ahead of a bond auction later in the day

Published 07 Dec, 2011 11:34am

Top News

ECB funding to Italian banks rises sharply in November

MILAN: Funding from the European Central Bank to Italian banks rose sharply to 153.2 billion euros in November from 111.

Published 07 Dec, 2011 11:27am

Top News

Monti's popularity dips after austerity package

ROME: Public support for Italy's new prime minister Mario Monti has dropped since he unveiled a tough austerity package

Published 07 Dec, 2011 11:17am

Energy

Oil steady, supported by hopes for Europe deal

LONDON: Brent crude oil was steady on Wednesday, supported by optimism that European leaders will agree on bold measures

Published 07 Dec, 2011 11:11am

Money & Banking

Nigeria's UBA issues 35bn naira debt at 14pc

LAGOS: Nigerian lender United Bank for Africa (UBA) said on Wednesday it had issued a 35 billion naira ($217 mln) bond p

Published 07 Dec, 2011 11:07am

Cricket

Injury rules out in-form Bravo from fourth ODI

INDORE: In-form West Indies batsman Darren Bravo has been ruled out of Thursday's penultimate one-day international agai

Published 07 Dec, 2011 11:03am

Pakistan

Bilawal meets Prime Minister

ISLAMABAD: Bilawal Bhutto Zardari, Chairman Pakistan Peoples Party met Prime Minister Syed Yousuf Raza Gilani here on We

Published 07 Dec, 2011 10:57am

Business & Finance

People have rejected Mumtaz Bhutto: Sharmila

KARACHI: The people have rejected the thinking and policies of Mumtaz Ali Bhutto. This was stated by a leader of Pakista

Published 07 Dec, 2011 10:14am

Industries & Sectors

Shipping activity at Port Qasim

KARACHI: Shipping activity remained active during the last 24 hours at the Port where three ships carrying containers an

Published 07 Dec, 2011 10:10am

Top News

Bomb kills 12 in Helmand

KANDAHAR: Twelve people were killed Wednesday when their vehicle struck a roadside bomb in Helmand province, a provincia

Published 07 Dec, 2011 10:05am

Top News

Arab League chief due in Baghdad for Syria talks

BAGHDAD: Arab League chief Nabil al-Arabi is due in Baghdad on Thursday to discuss the regional bloc's sanctions against

Published 07 Dec, 2011 09:38am

Financial

South Africa to auction 2021 and 2031 govt bonds

JOHANNESBURG: South Africa's Treasury said on Wednesday it would sell 1.0 billion rand ($136.43 million) of the 2021 gov

Published 07 Dec, 2011 09:34am

Top News

China agency downgrades Italy credit rating

BEIJING: Chinese rating agency Dagong said Wednesday it has cut its sovereign credit rating for Italy as the country str

Published 07 Dec, 2011 09:31am

Financial

Euro firms vs dollar on cautious summit optimism

LONDON: The euro edged higher versus the dollar on Wednesday on cautious optimism that European leaders will take decisi

Published 07 Dec, 2011 09:25am

Industries & Sectors

CNG stations to remain closed from 11pm Thursday to 5pm Friday

KARACHI : Sui Southern Gas Co mpany (SSGC) has announced that Compressed Natural Gas ( CNG) stations will remain clos

Published 07 Dec, 2011 09:24am

Top News

US Ambassador calls on Rehman Malik

ISLAMABAD: Ambassador of USA to Pakistan, Cameron Munter called on Federal Minister for Interior, Senator A. Rehman Mali

Published 07 Dec, 2011 09:21am

Commodities

Palm oil perks up on firm crude, weather

KUALA LUMPUR: Malaysian palm oil futures edged higher on Wednesday as crude oil prices of well above $100 a barrel raise

Published 07 Dec, 2011 09:21am

Commodities

Tokyo futures end up, 270-300 yen range seen

TOKYO: Key TOCOM rubber futures ended higher on Wednesday, tracking rises in oil and the Shanghai market as the prospect

Published 07 Dec, 2011 09:20am

Industry

Intel, Taiwan in tie-up to develop new chip

TAIPEI: US chip giant Intel has joined hands with a top Taiwan research institute to develop a new generation of memory

Published 07 Dec, 2011 09:17am

Europe

Russian vote gives Putin foes a common cause

MOSCOW: Anger over Russia's parliamentary election has given Vladimir Putin's diverse enemies common cause and drawn tho

Published 07 Dec, 2011 09:11am

Business & Finance

Clariant steps up innovation, expansion strategy in flame retardants

MUTENZ: With demand for safer, more environmentally-compatible materials in smart phones, tablets and laptops showing a

Published 07 Dec, 2011 09:06am

Financial

Specs support Asia FX, but sentiment cautious

SINGAPORE: Most emerging Asian currencies gained on Wednesday as interbank speculators bet on progress to tackle Europe'

Published 07 Dec, 2011 09:06am

Cricket

Ashraful returns for Pakistan Tests

DHAKA: Bangladesh's selectors have recalled former captain and middle-order batsman Mohammad Ashraful for a two-Test ser

Published 07 Dec, 2011 08:53am

Financial

Hong Kong stocks climb 1.58 percent

HONG KONG: Hong Kong shares closed 1.58 percent higher on Wednesday with dealers cautiously optimistic European leaders

Published 07 Dec, 2011 08:51am

Commodities

India coffee exports seen falling 15pc in 2011-12

NEW DELHI: Coffee exports from India, the world's sixth-biggest producer, were expected to fall some 15 percent in 2011-

Published 07 Dec, 2011 08:47am

Top News

'President Zardari suffers "minor heart attack" but in good health'

ISLAMABAD : President Asif Ali Zardari suffered a "minor heart attack" and is in Dubai for a small operation but will r

Published 07 Dec, 2011 07:58am

Financial

South Africa's rand, bonds firm, reserves lower in November

JOHANNESBURG: The rand firmed against the dollar in early Wednesday trade as investors became more optimistic about the

Published 07 Dec, 2011 07:58am

Top News

Bilawal, Gilani jointly chairPPP leaders’ meeting

ISLAMABAD: Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari and PPP's Vice Chairman Prime Minister Syed Yus

Published 07 Dec, 2011 07:57am

Top News

US to vacate Shamsi airbase as per deadline: Rehman Malik

ISLAMABAD: Federal Interior Minister Rehman Malik said on Wednesday that United States would vacate the Shamsi airbase a

Published 07 Dec, 2011 07:55am

Financial

European stock index futures point to higher open

PARIS: European stock index futures pointed to a higher open on Wednesday, with stocks set to resume their brisk 1-1/2 w

Published 07 Dec, 2011 07:54am

Top News

US citizen killed in Kabul shrine blast

KABUL: A US citizen was one of at least 55 people killed in Tuesday's blast near a shrine in Kabul, the US embassy in th

Published 07 Dec, 2011 07:52am

Energy

Qatargas to supply Japan with additional LNG

DOHA: Qatargas will supply an additional 200,000 tonnes per annum of additional liquefied natural gas to Japan, the comp

Published 07 Dec, 2011 07:50am

Financial

China shares end up slightly, snap 3 days of losses

SHANGHAI: China's main stock index closed up 0.3 percent on Wednesday, snapping three days of losses in thin volume refl

Published 07 Dec, 2011 07:47am

Money & Banking

ING to take insurance charge up to 1.1bn euros

AMSTERDAM: Dutch insurer and banking group ING said on Wednesday it would take a charge of up to 1.1 billion euros in th

Published 07 Dec, 2011 07:43am

Financial

Tokyo stocks up 1.71 percent ahead of EU summit

TOKYO: Tokyo stocks rose 1.71 percent Wednesday ahead of a crucial European Union summit that will focus on tackling the

Published 07 Dec, 2011 07:39am

Industry

Air France-KLM November traffic up 2.5pc

PARIS: Air France-KLM passenger traffic rose 2.5 percent in November despite a two-day cabin crew strike, the group said

Published 07 Dec, 2011 07:34am

Top News

Cautious optimism on EU deal lifts stocks, euro

LONDON: Growing optimism that euro zone leaders are on track to produce a confidence-boosting package of measures to sol

Published 07 Dec, 2011 07:15am

Top News

Clinton action call on 'discriminatory' citizen laws

GENEVA: US Secretary of State Hillary Clinton spoke out Wednesday against the citizenship laws of more than 30 countr

Published 07 Dec, 2011 07:14am

Top News

Iran blocks US 'virtual embassy'

TEHRAN: Iran on Wednesday blocked an Internet website the United States was touting as a "virtual embassy," and which se

Published 07 Dec, 2011 07:13am

Top News

NATO urges Russia not to waste money on missile response

BRUSSELS: NATO's chief urged Russia on Wednesday to refrain from wasting money to counter a European missile shield, ins

Published 07 Dec, 2011 07:12am

Top News

Pakistan asks Kabul to share blast evidence

ISLAMABAD : Pakistan on Wednesday asked Afghanistan to provide evidence to support accusations that Lashkar-e-Jhangv

Published 07 Dec, 2011 07:11am

Top News

Azam Swati resigns from Senate, party position

ISLAMABAD: Jamiat Ulema-e-Islam-Fazl (JUI-F) Senator Azam Swati on Wednesday resigned from the Senate and his party posi

Published 07 Dec, 2011 07:11am

Top News

Cylinder blast in van kills seven passengers

HYDERABAD: A blast in the gas cylinder of a van on National Highway killed seven passengers including four children and

Published 07 Dec, 2011 07:10am

Top News

Govt to purchase sugar from local resources: Hafeez

ISLAMABAD: Federal Minister for Finance, Dr. Abdul Hafeez Shaikh said on Wednesday that proposal for importing expensive

Published 07 Dec, 2011 07:09am

Financial

German debt down pre-auction, EU summit hopes high

LONDON: German government bonds fell on Wednesday before a five-year debt auction, as investors remained optimistic that

Published 07 Dec, 2011 07:04am

Commodities

LME copper ticks up, lean volumes ahead of EU summit

SINGAPORE: London copper futures edged higher on Wednesday, spurred by hopes that more aggressive measures to end the eu

Published 07 Dec, 2011 06:58am

Financial

Nikkei rises to 4-week high on Europe hopes

TOKYO: The Nikkei share average rose to a four-week high on Wednesday, as investors warmed to the view that European pol

Published 07 Dec, 2011 06:52am

Financial

Indian bond yields drop 5th day on buyback plan

MUMBAI: Indian federal bond yields dropped for a fifth session on Wednesday as the choice of papers at this week's buyba

Published 07 Dec, 2011 06:48am

Top News

Estonian inflation eases to 4.2pc in November

TALLINN : Euro zone member Estonia 's annual inflation rate eased slightly to 4.2 percent in November from the previous

Published 07 Dec, 2011 06:47am

Cricket

Relaxed Ponting has no regrets over captaincy

HOBART: Ricky Ponting said Wednesday he has no regrets about quitting the Australian captaincy and welcomes having fewer

Published 07 Dec, 2011 06:41am

Asia

Nine dead in Vietnam truck accident

HANOI: Nine people were killed when a truck transporting wood overturned Wednesday in a mountainous district in central

Published 07 Dec, 2011 06:27am

Europe

Clashes outside Greek parliament ahead of budget vote

ATHENS: Protesters clashed with police outside Greece's parliament Tuesday as lawmakers were to approve a tough 2012 bud

Published 07 Dec, 2011 06:16am

Industry

GM nears possible Volt battery fix-sources

DETROIT: General Motors Co is closing in on a package of proposed fixes for the Chevrolet Volt battery pack that enginee

Published 07 Dec, 2011 06:07am

Financial

Australia shares up on Europe hopes, miners lead

SYDNEY: Australian shares closed 0.7 percent higher on Wednesday, consolidating recent gains on hopes that European lead

Published 07 Dec, 2011 06:04am

Commodities

Iron Ore-Spot prices little changed, Vale resumes shipments

SINGAPORE: Iron ore price offers in top consumer China were steady on Wednesday, reflecting slow steel demand which may

Published 07 Dec, 2011 06:01am

Financial

Indian shares rise 1.1 percent, Reliance, Infosys lead

NEW DELHI: Indian shares climbed as much as 1.1 percent on Wednesday, taking cues from firmer Asian markets and on hopes

Published 07 Dec, 2011 05:59am

Financial

Taiwan stocks end higher, but HTC tumbles

TAIPEI: Taiwan stocks ended up 1.1 percent on Wednesday, though smartphone maker HTC tumbled 6.55 percent after reportin

Published 07 Dec, 2011 05:56am

Financial

Bonds steady in Asia ahead of Europe events

TOKYO: US Treasury prices were steady in Asia on Wednesday ahead of key events in Europe later this week that could help

Published 07 Dec, 2011 05:52am

Financial

Yuan little changed vs dollar, hits limit down for 6th day

SHANGHAI: The yuan was little changed against the dollar on Wednesday but hit its lower daily trade limit for the sixth

Published 07 Dec, 2011 05:50am

Cricket

England's Cook humbled by MBE award

LONDON: England batsman Alastair Cook said he felt "very humble" after receiving his Member of the Order of the British

Published 07 Dec, 2011 05:41am

Money & Banking

Bank of England seen freezing rates ahead of Christmas

LONDON: The Bank of England will keep interest rates at a record low 0.50 percent on Thursday and opt against expanding

Published 07 Dec, 2011 05:38am

Middle East

Syria's Assad says not responsible for deaths

WASHINGTON: Syrian President Bashar al-Assad denies he is responsible for the killing of thousands of protesters, tellin

Published 07 Dec, 2011 05:35am

Top News

President Zardari's health checkup sparks rumours

ISLAMABAD : President Asif Ali Zardari was undergoing what his office said on Wednesday were routine medical tests in a

Published 07 Dec, 2011 05:32am

Top News

Rupee at record low against dollar at 89.36

KARACHI: The Pakistani rupee traded at a record low early on Wednesday because of pressure from import payments and a bl

Published 07 Dec, 2011 05:29am

Top News

Brent steady above $110, eyes EU summit, China economic data

SINGAPORE : Brent crude was steady above $110 on Wednesday, as investors turned cautious ahead of a European summit to d

Published 07 Dec, 2011 05:27am

Top News

US Congressman urges apology over Pakistani soldiers’ death

WASHINGTON: US Congressman Dennis Kucinich has called for an apology to Pakistan over the deaths of its 24 soldiers in N

Published 07 Dec, 2011 05:20am

Top News

Credit warning gives EU summit last chance on debt

FRANKFURT: EU leaders were under intense pressure Wednesday to convince markets they can come up with a rapid rescue pla

Published 07 Dec, 2011 05:18am

Commodities

Chinese cut Shanghai bonded copper buys, premiums fall

HONG KONG: Chinese importers have cut purchases of copper in bonded warehouses in Shanghai this week because of weaker d

Published 07 Dec, 2011 05:17am

Cricket

Cummins could miss most of India series

HOBART: Australia's teenage pace sensation Pat Cummins will likely miss the bulk of the home Test series against India w

Published 07 Dec, 2011 05:14am

Top News

Australia notches 1.0 percent quarterly growth

SYDNEY: Australia's mining-powered economy grew 1.0 percent during the September quarter in a result hailed by the gover

Published 07 Dec, 2011 05:12am

Energy

Japanese in big Australian LNG buy

SYDNEY: Japanese firms have taken their biggest step into Australia's growing Liquefied Natural Gas (LNG) sector, with f

Published 07 Dec, 2011 05:11am

Financial

Hong Kong shares up 0.93 percent at lunch

HONG KONG: Hong Kong shares rose 0.93 percent on cautious optimism Wednesday morning ahead of a crucial European summit

Published 07 Dec, 2011 05:11am

Financial

Tokyo stocks up 0.81 percent by noon

TOKYO : Tokyo stocks rose 0.81 percent Wednesday morning ahead of a crucial European Union summit that will focus on t

Published 07 Dec, 2011 05:09am

Asia

Myanmar rebel talks raise guarded peace hopes

BANGKOK: Myanmar's bid to reach out to ethnic guerrillas as part of budding reforms has raised cautious hopes of an end

Published 07 Dec, 2011 05:06am

Energy

China asks oil firms to raise diesel, gas supply

BEIJING: China asked its oil firms to increase diesel supplies and produce natural gas at full capacity to meet demand i

Published 07 Dec, 2011 05:02am

Top News

Karzai back in Kabul to meet shrine bomb victims

KABUL: Afghan President Hamid Karzai arrived back in Kabul on Wednesday after cancelling a planned trip to Britain to vi

Published 07 Dec, 2011 05:02am

Financial

Aussie gains after solid GDP data, mood still cautious

WELLINGTON/SYDNEY: The Aussie and New Zealand dollars edged higher on Wednesday after Australia reported solid economic

Published 07 Dec, 2011 04:59am

Asia

Indian govt suspends retail reform

NEW DELHI: India's government suspended Wednesday its decision to open the country's giant retail sector to foreign supe

Published 07 Dec, 2011 04:58am

Top News

China export outlook darkens, officials say

BEIJING: China's annual rate of export growth slowed in November versus October, vice commerce minister Chong Quan told

Published 07 Dec, 2011 04:55am

Financial

Stocks, euro gain before summit, ECB decision

TOKYO: Asian shares and the euro gained on Wednesday on hopes that the threat of mass credit rating downgrades will pres

Published 07 Dec, 2011 04:55am

Financial

Seoul shares firm but LG Chem drops

SEOUL: Seoul shares rose on Wednesday on hopes of a broad policy agreement to address the region's debt issues at an upc

Published 07 Dec, 2011 04:52am

Financial

Indian shares up 0.2 percent, State Bank gains

NEW DELHI: Indian shares rose 0.2 percent early on Wednesday led by State Bank of India and HDFC Bank, but investors wer

Published 07 Dec, 2011 04:51am

Financial

Indian rupee seen edging up on hopes for inflows

MUMBAI: The Indian rupee is expected to nudge higher early on Wednesday, tracking a rise in regional shares that could t

Published 07 Dec, 2011 04:50am

Commodities

US grains inch up on Europe hopes, bargain hunting

SINGAPORE: US grains were mostly higher on Wednesday after recent declines in prices spurred bargain hunting, although t

Published 07 Dec, 2011 04:46am

Managed Funds

JGBs mostly flat before ECB meeting, 30-year auction

TOKYO: Japanese government bond prices were mostly flat on Wednesday as market players stayed on the sidelines ahead of

Published 07 Dec, 2011 04:43am

Industry

SK Energy says aims to fully restart all units this week

SEOUL: South Korea's SK Energy is targeting a full restart of its blackout-hit refining and petrochemical units includin

Published 07 Dec, 2011 04:40am

Energy

Naimi says Saudi pumps 10mn bpd oil in November

SINGAPORE: Top oil exporter Saudi Arabia produced 10 million barrels per day of oil in November, Bloomberg reported, cit

Published 07 Dec, 2011 04:40am

Financial

Euro inches higher, much rides on EU events

SINGAPORE: The euro inched higher on Wednesday with markets cautiously optimistic that European leaders would take decis

Published 07 Dec, 2011 04:36am

Money & Banking

BoJ Ishida warns Europe fallout spreading globally

SHIZUOKA: Bank of Japan policymaker Koji Ishida on Wednesday warned of the deepening impact from Europe's debt crisis on

Published 07 Dec, 2011 04:35am

Commodities

Gold flat as Europe looks for debt crisis cure

SINGAPORE: Gold traded little changed on Wednesday with many investors moving to the sidelines ahead of a key European U

Published 07 Dec, 2011 04:31am

Financial

Hong Kong stocks open 0.41pc higher

HONG KONG: Hong Kong stocks opened higher Wednesday ahead of a key European Union summit where leaders will seek to tack

Published 07 Dec, 2011 04:30am

Financial

Chinese shares flat in morning trade

SHANGHAI: Chinese shares were flat in morning trade Wednesday as investors stayed on the sidelines due to uncertainty ov

Published 07 Dec, 2011 04:27am

Africa

Mugabe to push for Zimbabwe elections at party conference

HARARE: The yearly conference of President Robert Mugabe's party starts Wednesday as he pushes for Zimbabwe to hold elec

Published 07 Dec, 2011 04:26am

Top News

IMF has enough resources to serve members

NEW DELHI: The International Monetary Fund (IMF) has enough financial resources in the current situation to serve its me

Published 07 Dec, 2011 04:25am

Financial

Euro firms in Asia ahead of EU summit

TOKYO: The euro firmed against other major currencies in Asia on Wednesday ahead of a crucial European Union summit th

Published 07 Dec, 2011 04:22am

Top News

Ban on pillion riding lifted in Karachi

KARACHI: The ban on pillion riding in the metropolis has been lifted from Wednesday. This was announced by the Home Mini

Published 07 Dec, 2011 04:15am

Top News

Japan forex reserves hit new record high

TOKYO: Japan's foreign exchange reserves hit a record high of $1.3 trillion in November after authorities intervened i

Published 07 Dec, 2011 04:14am

Top News

OPEC says Libya back to full oil production by mid-2012

DOHA: The head of the Organisation of Petroleum Exporting Countries (OPEC) said on Wednesday he expected Libya to return

Published 07 Dec, 2011 04:11am

World

Colombians protest rebel hostage-takings

BOGOTA: Thousands of Colombians joined demonstrations Tuesday demanding that the country's oldest leftist guerrilla grou

Published 07 Dec, 2011 04:10am

Top News

Microsoft to open "app store" in February

SAN FRANCISCO: Microsoft on Tuesday began wooing developers for a February opening of its first "app store" for computer

Published 07 Dec, 2011 04:06am

Financial

Tokyo stocks up 0.81pc by noon

TOKYO: Tokyo stocks rose 0.81 percent Wednesday morning ahead of a crucial European Union summit that will focus on tack

Published 07 Dec, 2011 04:03am

Top News

China Nov exports slower than Oct

BEIJING: China's annual rate of export growth slowed in November versus October, vice commerce minister Chong Quan told

Published 07 Dec, 2011 04:01am

Financial

Indian shares set to open up; retailers watched

NEW DELHI: Indian shares should open higher on Wednesday on hopes the rupee's pullback from a slide will encourage forei

Published 07 Dec, 2011 03:57am

Energy

Brent steady above $110; eyes EU summit, China econ data

SINGAPORE: Brent crude was steady above $110 on Wednesday, as investors turned cautious ahead of a European summit to de

Published 07 Dec, 2011 03:53am

Asia

Australian leading jobs index rises in December

CANBERRA: The Australian government's leading index of employment rose for the fourth straight month in December, pointi

Published 07 Dec, 2011 03:51am

North America

Anti-Wall Street protesters target foreclosures

SAN FRANCISCO: Anti-Wall Street protesters, seeking a new focus as cities across the country shut down two-month old Occ

Published 07 Dec, 2011 03:40am

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 12	277.86
USD PKR Interbank Buying / Aug 12	277.66
USD to Japanese Yen / Aug 12	159.43
USD to Swiss Franc / Aug 12	0.81
Pound Sterling to USD / Aug 12	1.35
Euro to USD / Aug 12	1.15
SOFR % / Aug 12	3.62

Stock	Volume
S&P 500 / Aug 12	7,748.50
India Sensex / Aug 12	77,966.35
Tokyo Nikkei / Aug 12	67,524.06
Nasdaq / Aug 12	26,588.49
Hang Seng / Aug 12	25,440.17
FTSE 100 / Aug 12	10,833.15
Dow Jones / Aug 12	53,770.27
Germany DAX 30 / Aug 12	26,331.07
France CAC40 / Aug 12	8,674.94

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 11	18,580
Crude Oil USD/Barrel / Aug 12	82.60
Gold 10 Grams PKR / Aug 12	397,750
Gold Spot USD/Ounce / Aug 12	4,407.12
Cotton US¢/pound / Aug 12	84.38
Petrol/Litre / Aug 13	325.92
Diesel/Litre / Aug 13	382.25

Gainers
Losers
Leaders

Stock	Price
Paramount Spinning / Aug 12 Paramount Spinning Mills Limited(PASM)	12.39 ▲ 1.13 (10.04%)
Ashfaq Textile / Aug 12 Ashfaq Textile Mills Limited(ASHT)	44.84 ▲ 4.08 (10.01%)
Cordoba Logistics / Aug 12 Cordoba Logistics & Ventures Limited(CLVL)	22.96 ▲ 2.09 (10.01%)
Al-Khair Gadoon / Aug 12 Al-Khair Gadoon Limited(AKGL)	72.28 ▲ 6.57 (10%)
Aisha Steel (CPS) / Aug 12 Aisha Steel Mills Limited (CPS)(ASLCPS)	104.39 ▲ 9.49 (10%)
Asim Textile / Aug 12 Asim Textile Mills Limited(ASTM)	82.27 ▲ 7.48 (10%)
Buxly Paints / Aug 12 Buxly Paints Limited(BUXL)	305.49 ▲ 27.77 (10%)
Fecto Cement / Aug 12 Fecto Cement Limited(FECTC)	122.41 ▲ 11.13 (10%)
J.A.Textile / Aug 12 J.A. Textile Mills Limited(JATM)	62.58 ▲ 5.69 (10%)
Ruby Textile / Aug 12 Ruby Textile Mills Limited(RUBY)	25.51 ▲ 2.32 (10%)

Stock	Price
Pak Gen.Ins. / Aug 12 The Pakistan General Insurance Co. Ltd.(PKGI)	23.82 ▼ -2.65 (-10.01%)
D.S. Ind. Ltd. / Aug 12 D.S. Industries Limited(DSIL)	15.07 ▼ -1.67 (-9.98%)
First Tri-Star Mod. / Aug 12 First Tri-Star Modaraba(FTSM)	49.29 ▼ -5.39 (-9.86%)
Jubilee Spinning / Aug 12 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	50.79 ▼ -3.6 (-6.62%)
Din Tex. / Aug 12 Din Textile Mills Limited(DINT)	63.59 ▼ -4.4 (-6.47%)
Sindh Abadgar / Aug 12 Sindh Abadgar's Sugar Mills Limited(SASML)	362 ▼ -24.07 (-6.23%)
Elahi Cotton / Aug 12 Elahi Cotton Mills Limited(ELCM)	233.96 ▼ -12.98 (-5.26%)
Saritow Spinning / Aug 12 Saritow Spinning Mills Limited(SSML)	24.98 ▼ -1.36 (-5.16%)
Aisha Steel(ConPS) / Aug 12 Aisha Steel(ConPS)(ASLPS)	26.73 ▼ -1.33 (-4.74%)
IbrahimFibres / Aug 12 Ibrahim Fibres Limited(IBFL)	274.91 ▼ -13.65 (-4.73%)

Stock	Volume
Cnergyico PK / Aug 12 Cnergyico PK Limited(CNERGY)	67,754,373 ▲ 0.27
D.S. Ind. Ltd. / Aug 12 D.S. Industries Limited(DSIL)	67,531,272 ▼ -1.67
Hascol Petrol / Aug 12 Hascol Petroleum Limited(HASCOL)	47,270,202 ▲ 0.14
WorldCall Telecom / Aug 12 Worldcall Telecom Limited(WTL)	31,081,052 ▼ -0.03
Trust Sec.& Brok. / Aug 12 Trust Securities & Brokerage Limited(TSBL)	27,947,995 ▲ 0.13
Siddiqsons Tin / Aug 12 Siddiqsons Tin Plate Limited(STPL)	25,565,990 ▼ -0.2
Thatta Cement / Aug 12 Thatta Cement Company Limited(THCCL)	24,972,760 ▲ 3.09
Cres.Star Ins. / Aug 12 Crescent Star Insurance Limited(CSIL)	20,798,571 ▲ 0.31
Unity Foods Ltd / Aug 12 Unity Foods Limited(UNITY)	20,640,954 ▼ -0.33
B.O.Punjab / Aug 12 The Bank of Punjab(BOP)	18,147,542 ▲ 0.29

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