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Archive - 2011-12-19
Economic indicators positive: Dr.Hafeez
Top News

Economic indicators positive: Dr.Hafeez

ISLAMABAD : Federal Minister for Finance, Dr Abdul Hafeez Shaikh here on Monday said economic indicators were showing po
Published 19 Dec, 2011 08:05pm
Gold slips to Rs 46,757
Markets

Gold slips to Rs 46,757

KARACHI: Gold slipped by Rs 128 to close at Rs 46,757 per 10 grams in the local market Monday, as its international
Published 19 Dec, 2011 05:59pm
US payroll tax break uncertain
Top News

US payroll tax break uncertain

WASHINGTON: A tax break for 160 million US workers was in doubt on Monday in the face of strong opposition from Republic
Published 19 Dec, 2011 04:14pm
Oil firms supply worries
Energy

Oil firms supply worries

LONDON: Oil prices rose on Monday as the dollar weakened despite an initial flight-to-safety after the death of North Ko
Published 19 Dec, 2011 02:18pm
Umar ton boosts Pakistan
Cricket

Umar ton boosts Pakistan

DHAKA: Taufeeq Umar cracked his seventh Test century to help Pakistan post 217-2 in their first innings at tea in reply
Published 19 Dec, 2011 09:51am
Umar, Azhar hit half-centuries
Cricket

Umar, Azhar hit half-centuries

DHAKA: Taufeeq Umar and Azhar Ali hit half-centuries as Pakistan reached 139-1 in their first innings at lunch in reply
Published 19 Dec, 2011 07:04am
SC hears memogate case today
Top News

SC hears memogate case today

ISLAMABAD: The Supreme Court of Pakistan will hear the petition regarding memogate on Monday (today). A nine-member ben
Published 19 Dec, 2011 06:54am
Musharraf announces return in Jan 2012
Top News

Musharraf announces return in Jan 2012

RECORDER REPORT LAHORE: Former President of Pakistan and chief of All Pakistan Muslim League (APML) Pervez Musharraf
Published 19 Dec, 2011 06:40am
North Korean leader Kim Jong-il dies
Top News

North Korean leader Kim Jong-il dies

SEOUL: North Korean leader Kim Jong-il died of a heart attack while on a train trip, state media reported on Monday, spa
Published 19 Dec, 2011 05:30am
Deadly dawn clashes rock Cairo
Top News

Deadly dawn clashes rock Cairo

CAIRO: One person was killed in dawn clashes in central Cairo on Monday between security forces and protesters demanding
Published 19 Dec, 2011 03:45am
North Korean leader Kim dead: State TV
Top News

North Korean leader Kim dead: State TV

SEOUL: North Korean leader Kim Jong-Il has died aged 69 of a heart attack, state media announced Monday, plunging the im
Published 19 Dec, 2011 03:38am
Gold prices: volatile much?
BR Research

Gold prices: volatile much?

With dark clouds hovering over the resolution of the European debt crisis, the euro is becoming/ going weak and the dollar is rising, affect
Published 19 Dec, 2011 12:00am
Zardari back in Pakistan

Zardari back in Pakistan

President Asif Ali Zardari returned home on Monday after medical treatment in Dubai, Sindh home minister Manzoor Wasan said. "A special plane carrying President Zardari, his daughter Aseefa and personal staff landed at a Pakistan Air Force Masroor base,"
Published 19 Dec, 2011 12:00am
Zardari back in Pakistan

Zardari back in Pakistan

President Asif Ali Zardari returned home on Monday after medical treatment in Dubai, Sindh home minister Manzoor Wasan said. "A special plane carrying President Zardari, his daughter Aseefa and personal staff landed at a Pakistan Air Force Masroor base,"
Published 19 Dec, 2011 12:00am
Pakistanis among 200 feared dead as boat sinks off Indonesia

Pakistanis among 200 feared dead as boat sinks off Indonesia

More than 200 people were feared dead after a heavily overloaded boat packed mostly with Afghan and Iranian asylum-seekers sank off Indonesia en route to Australia, rescuers said Sunday. Australia's government called the sinking "a terrible tragedy", but
Published 19 Dec, 2011 12:00am
Pakistanis among 200 feared dead as boat sinks off Indonesia

Pakistanis among 200 feared dead as boat sinks off Indonesia

More than 200 people were feared dead after a heavily overloaded boat packed mostly with Afghan and Iranian asylum-seekers sank off Indonesia en route to Australia, rescuers said Sunday. Australia's government called the sinking "a terrible tragedy", but
Published 19 Dec, 2011 12:00am
THE RUPEE: dollar in search of new destinations

THE RUPEE: dollar in search of new destinations

The dollar remained in search of new destinations after hitting the mark of Rs 90 in the currency market during the week ended on December 17, 2011. In the interbank dealings, the rupee lost 50 paisa in relation to dollar to end at 89.55 and 89.60 for buy
Published 19 Dec, 2011 12:00am
THE RUPEE: dollar in search of new destinations

THE RUPEE: dollar in search of new destinations

The dollar remained in search of new destinations after hitting the mark of Rs 90 in the currency market during the week ended on December 17, 2011. In the interbank dealings, the rupee lost 50 paisa in relation to dollar to end at 89.55 and 89.60 for buy
Published 19 Dec, 2011 12:00am
US offers 11 Swiss banks deal to end row

US offers 11 Swiss banks deal to end row

US officials are offering 11 Swiss banks, among them Credit Suisse, a deal that allows them to avoid criminal prosecution in exchange for revealing full details of their US offshore business to Washington, a paper reported on Sunday.
Published 19 Dec, 2011 12:00am
US offers 11 Swiss banks deal to end row

US offers 11 Swiss banks deal to end row

US officials are offering 11 Swiss banks, among them Credit Suisse, a deal that allows them to avoid criminal prosecution in exchange for revealing full details of their US offshore business to Washington, a paper reported on Sunday.
Published 19 Dec, 2011 12:00am
US offers 11 Swiss banks deal to end row

US offers 11 Swiss banks deal to end row

US officials are offering 11 Swiss banks, among them Credit Suisse, a deal that allows them to avoid criminal prosecution in exchange for revealing full details of their US offshore business to Washington, a paper reported on Sunday.
Published 19 Dec, 2011 12:00am
No chance to impeach President: Aitzaz

No chance to impeach President: Aitzaz

Senior leader of Pakistan People's Party (PPP) Chaudhry Aitzaz Ahsan said on Sunday that there was no chance of impeachment movement against the President of Pakistan. Talking to a private news channel he said that it was impossible to present the impeach
Published 19 Dec, 2011 12:00am
No chance to impeach President: Aitzaz

No chance to impeach President: Aitzaz

Senior leader of Pakistan People's Party (PPP) Chaudhry Aitzaz Ahsan said on Sunday that there was no chance of impeachment movement against the President of Pakistan. Talking to a private news channel he said that it was impossible to present the impeach
Published 19 Dec, 2011 12:00am
Conspiracies aimed at avoiding Senate election: Prime Minister

Conspiracies aimed at avoiding Senate election: Prime Minister

Prime Minister, Syed Yousuf Raza Gilani has averred that conspiracies by certain elements against the democratic government are aimed at avoiding March 2012 Senate election. He was speaking at the marriage ceremony of daughter of former president Supreme
Published 19 Dec, 2011 12:00am
Conspiracies aimed at avoiding Senate election: Prime Minister

Conspiracies aimed at avoiding Senate election: Prime Minister

Prime Minister, Syed Yousuf Raza Gilani has averred that conspiracies by certain elements against the democratic government are aimed at avoiding March 2012 Senate election. He was speaking at the marriage ceremony of daughter of former president Supreme
Published 19 Dec, 2011 12:00am
KESC to get 100 mmcf gas per day in three months

KESC to get 100 mmcf gas per day in three months

Minister for Petroleum and Natural Resources, Dr Asim Hussain, said on Sunday that the Karachi Electric Supply Company (KESC) would get at least 100 mmcf gas per day by the LPG air-mix plant of Sui Southern Gas Company (SSGC) in the next three to four mon
Published 19 Dec, 2011 12:00am
KESC to get 100 mmcf gas per day in three months

KESC to get 100 mmcf gas per day in three months

Minister for Petroleum and Natural Resources, Dr Asim Hussain, said on Sunday that the Karachi Electric Supply Company (KESC) would get at least 100 mmcf gas per day by the LPG air-mix plant of Sui Southern Gas Company (SSGC) in the next three to four mon
Published 19 Dec, 2011 12:00am
KESC to get 100 mmcf gas per day in three months

KESC to get 100 mmcf gas per day in three months

Minister for Petroleum and Natural Resources, Dr Asim Hussain, said on Sunday that the Karachi Electric Supply Company (KESC) would get at least 100 mmcf gas per day by the LPG air-mix plant of Sui Southern Gas Company (SSGC) in the next three to four mon
Published 19 Dec, 2011 12:00am
Index loses 436 points

Index loses 436 points

The prevailing political situation in the country and the state of Pak-US relations led to panic selling at Karachi share market during the week ended on December 16, 2011 and the KSE-100 index declined by 436.47 points to close at 11,028.14 points.
Published 19 Dec, 2011 12:00am
Index loses 436 points

Index loses 436 points

The prevailing political situation in the country and the state of Pak-US relations led to panic selling at Karachi share market during the week ended on December 16, 2011 and the KSE-100 index declined by 436.47 points to close at 11,028.14 points.
Published 19 Dec, 2011 12:00am
Index loses 436 points

Index loses 436 points

The prevailing political situation in the country and the state of Pak-US relations led to panic selling at Karachi share market during the week ended on December 16, 2011 and the KSE-100 index declined by 436.47 points to close at 11,028.14 points.
Published 19 Dec, 2011 12:00am
Futures open interest down 6.7 percent

Futures open interest down 6.7 percent

Total open interest position declined by Rs 94 million, down 6.7 percent, during the week ended on December 17, 2011 to Rs 1.3 billion. Future spreads, on the other hand, increased by 421bps to 11.23 percent. The future volume declined by 0.44 percent to
Published 19 Dec, 2011 12:00am
Futures open interest down 6.7 percent

Futures open interest down 6.7 percent

Total open interest position declined by Rs 94 million, down 6.7 percent, during the week ended on December 17, 2011 to Rs 1.3 billion. Future spreads, on the other hand, increased by 421bps to 11.23 percent. The future volume declined by 0.44 percent to
Published 19 Dec, 2011 12:00am
Futures open interest down 6.7 percent

Futures open interest down 6.7 percent

Total open interest position declined by Rs 94 million, down 6.7 percent, during the week ended on December 17, 2011 to Rs 1.3 billion. Future spreads, on the other hand, increased by 421bps to 11.23 percent. The future volume declined by 0.44 percent to
Published 19 Dec, 2011 12:00am
Futures open interest down 6.7 percent

Futures open interest down 6.7 percent

Total open interest position declined by Rs 94 million, down 6.7 percent, during the week ended on December 17, 2011 to Rs 1.3 billion. Future spreads, on the other hand, increased by 421bps to 11.23 percent. The future volume declined by 0.44 percent to
Published 19 Dec, 2011 12:00am
Eurozone to push on with crisis steps, Fitch doubts outcome

Eurozone to push on with crisis steps, Fitch doubts outcome

The eurozone will pursue measures to tackle its sovereign debt crisis this week by offering more cash to the IMF and long-term liquidity to banks, while moving towards tighter fiscal rules, after ratings agency Fitch cast doubt on it ability to forge a de
Published 19 Dec, 2011 12:00am
Israel completes swap for captured soldier

Israel completes swap for captured soldier

Israel released hundreds of Palestinian prisoners late Sunday, the second and final phase of a swap with Gaza Hamas militants that brought home an Israeli soldier after five years in captivity.
Published 19 Dec, 2011 12:00am
Bahraini forces fire tear gas on protesters

Bahraini forces fire tear gas on protesters

Bahraini security forces on Sunday dispersed several hundred Shia demonstrators who gathered outside the capital Manama for the fourth day in a row, an AFP correspondent said. Riot police stormed a roundabout on the Budaiya highway where men and women had
Published 19 Dec, 2011 12:00am
Zero-Point trade gate reopens

Zero-Point trade gate reopens

Iran government on Sunday reopened Zero-Point trade gate on Pak-Iran border in Taftan area of Chagi district. Deputy Commissioner Chagi, Dr Tufail Baloch told APP that Iranian border force officials had closed zero-point trade gate due to some reasons, wh
Published 19 Dec, 2011 12:00am
PML-N brings no change during its 25-year rule: Imran

PML-N brings no change during its 25-year rule: Imran

Chairman, Pakistan Tehreek-i-Insaf (PTI) Imran Khan on Sunday said that the Pakistan Muslim League Nawaz (PML-N) which remained in power for around 25 years, could not bring any positive change in the lives of people.
Published 19 Dec, 2011 12:00am
Fishermen increase trawling time in winter

Fishermen increase trawling time in winter

With beginning of chilly winds of winter, seafarers increased their trawling time on the deep-sea near India and Iran maritime borders because a number of key species have receded. "Fishermen are never daunted by the cold weather conditions at sea, and th
Published 19 Dec, 2011 12:00am
Police assault journalist, his wife in occupied Srinagar

Police assault journalist, his wife in occupied Srinagar

Police have assaulted a senior Kashmiri journalist and his wife without any reason in occupied Srinagar. The journalist, Mukhtar Ahmad and his wife were attacked by the men in uniform when cavalcade of the puppet Chief Minister, Omar Abdullah was passing
Published 19 Dec, 2011 12:00am
Musharraf announces return in January 2012

Musharraf announces return in January 2012

Former President of Pakistan and chief of All Pakistan Muslim League (APML) Pervez Musharraf announced to return Pakistan in January 2012. While addressing a videoconference in Lahore from London, the former military ruler stated that the panacea for Paki
Published 19 Dec, 2011 12:00am
Man kills wife, daughter, neighbour

Man kills wife, daughter, neighbour

A man has reportedly killed his wife, minor daughter and a neighbour over demand of money, police and witnesses said Sunday. According to police, the murders took place in Batala Colony of Faisalabad where a man, flying into rages on demand of money, swap
Published 19 Dec, 2011 12:00am
Tractor industry: workers hold protest rally today

Tractor industry: workers hold protest rally today

Thousands of laid off workers of the collapsed tractor manufacturing industry are holding a peaceful protest rally within the Millet Tractors factory premises on the Sheikhupura road here today against the imposition of 16 percent GST on tractors today.
Published 19 Dec, 2011 12:00am
PIDA to utilise modern digital tech to sensitise farmers

PIDA to utilise modern digital tech to sensitise farmers

The Punjab Irrigation and Drainage Authority (PIDA) will utilise modern digital technology to sensitise the farmers about various water saving techniques and increase in the per acre yield. For this purpose, JICA has agreed to provide necessary support an
Published 19 Dec, 2011 12:00am
Child's killing: hundreds protest inefficiency of police

Child's killing: hundreds protest inefficiency of police

Hundreds of residents of Rashidabad blocked Jhang Road for several hours by burning tyres when they found body of a child, missing since three days, packed in a bag. Police arrested a jeweller Ahsan and his brother Shoaib for investigation.
Published 19 Dec, 2011 12:00am
DPC flays Nato strike, MFN status to India

DPC flays Nato strike, MFN status to India

Speakers at an impressive rally at the historic Minar-e-Pakistan ground held under aegis of Difa-e-Pakistan Council (DPC) said here on Sunday that the nation was united for defence and security of the country and its nuclear assets.
Published 19 Dec, 2011 12:00am
PEF working to benefit deprived strata: chairman

PEF working to benefit deprived strata: chairman

Punjab Education Foundation has laid the foundation of an enlightened and prosperous Pakistan by opening the doors of quality education to the deprived strata who cannot access schools due to lack of resources or awareness.
Published 19 Dec, 2011 12:00am
International Neuro-intervention, Therapeutic workshop held

International Neuro-intervention, Therapeutic workshop held

The fourth 5-day International Neuro-intervention and Therapeutic Workshop held at Lahore General Hospital (LGH) played a great role for bringing knowledge and experience of Pakistani doctors at par with medical experts prominent at international level.
Published 19 Dec, 2011 12:00am
Aman Ki Asha: capital market team returns back

Aman Ki Asha: capital market team returns back

A fifteen members high officials of Pakistan capital market Lahore, Karachi and Islamabad Stock Exchange, Central Depository Company of Pakistan (CDC), National Clearing Company of Pakistan (NCCPL), Securities and Exchange Commission of Pakistan (SECP) ar
Published 19 Dec, 2011 12:00am
Sindh, Balochistan industries gas supply halts for 24 hours

Sindh, Balochistan industries gas supply halts for 24 hours

Sindh and Balochistan's all industrial units' gas supply has been halted from Sunday morning for next 24 hours. According to Sui Southern Gas Company (SSGC) sources, this industrial gas loadshedding of Sindh and Balochistan provinces started at 7.30 AM Su
Published 19 Dec, 2011 12:00am
Tributes for M Mahfuz Shaheed

Tributes for M Mahfuz Shaheed

Nishan-i-Haider recipient Lance Naik Mohammed Mehfooz Shaheed is being remembered throughout the country on Sunday. He was born in Jat family of Pind Malikan (now Mahfuzabad) in Rawalpindi District on October 25, 1944. Muhammad Mahfuz joined Pakistan Army
Published 19 Dec, 2011 12:00am
JI seeks polls within three months

JI seeks polls within three months

Jamaat-e-Islamic (JI) chief Syed Manawwar Hassan has demanded polls within a period of three months to resolve the problems faced by the people and country. Addressing a public meeting here on Sunday, he said that the failure of the governments in deliver
Published 19 Dec, 2011 12:00am
Yellow cab scheme execution unsatisfactory: PEW

Yellow cab scheme execution unsatisfactory: PEW

The Pakistan Economy Watch (PEW) on Sunday said the much-publicised Yellow Cab Scheme is not coming up to the expectations due to mismanagement. The scheme was launched on 14th of July 2011 aimed at distributing 2500 vehicles every month for eight months
Published 19 Dec, 2011 12:00am
Christmas preparations gain momentum

Christmas preparations gain momentum

The preparations for Christmas in the twin cities are gaining momentum by the Christian community to celebrate their most important religious festival. The areas where Christians live in large number and Churches are being decorated with lights, colourful
Published 19 Dec, 2011 12:00am
Supreme Court hears memogate case today

Supreme Court hears memogate case today

The Supreme Court of Pakistan will hear the petition regarding memogate on Monday (today). A nine-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry will hear constitutional petition regarding alleged memo on Monday.
Published 19 Dec, 2011 12:00am
Girls school blown up in Khyber Agency

Girls school blown up in Khyber Agency

Another girls' school was severely damaged in the explosion of material planted in a building in tehsil Jamrud, Khyber Agency, political officials said on Sunday. The incident occurred in the wee hours in Ghundai area of the tribal agency. The school was
Published 19 Dec, 2011 12:00am
Iran hands over bodies of three Pakistanis

Iran hands over bodies of three Pakistanis

Iranian officials handed over bodies of three Pakistanis to the border officials in Taftan on Sunday. Tehsildar Taftan Haji Kamran Kurd told APP that three Pakistani labourers working in Iran were killed in a road accident. They were identified as Saeedur
Published 19 Dec, 2011 12:00am
Body of minor girl found

Body of minor girl found

The body of a five-year old girl, who went missing a day back, was found from a waste dump in Faqir Ka Pir area on Sunday. According to DSP City Ahmed Qureshi, Malaika had gone missing from Saturday evening. Her father lodged a complaint at police station
Published 19 Dec, 2011 12:00am
Social worker Yousuf Farid passes away

Social worker Yousuf Farid passes away

A prominent social worker and worker of Pakistan Peoples Party (PPP), Yousuf Farid, passed away on Sunday. A former Adviser Information, Government of Sindh Jameel Soomro and spokesman of Bilawal House, Ejaz Durrani, have condoled Yousuf Farid's demise. I
Published 19 Dec, 2011 12:00am
Construction of KBD: PWC supports FoDP's proposal

Construction of KBD: PWC supports FoDP's proposal

The Punjab Water Council (PWC) strongly supported the Friends of Democratic Pakistan's (FoDP) suggestion to the Federal Government to construct Kalabagh dam on priority basis and contradicted Sindh Government's stance that KBD is a settled issue. Comment
Published 19 Dec, 2011 12:00am
Malik warns of action against spreading rumours through SMS

Malik warns of action against spreading rumours through SMS

Interior Minister Rehman Malik on Sunday said that the government would take stern action against the people, who were creating panic among the masses by spreading rumours through Short Messaging Service (SMS).
Published 19 Dec, 2011 12:00am
Last US troops leave Iraq, ending war

Last US troops leave Iraq, ending war

The last convoy of US soldiers pulled out of Iraq on Sunday, ending nearly nine years of war that cost almost 4,500 American and tens of thousands of Iraqi lives and left a country grappling with political uncertainty. The war launched in March 2003 with
Published 19 Dec, 2011 12:00am
15 dead in Kazakh oil region riots

15 dead in Kazakh oil region riots

Fifteen people have died in clashes in Kazakhstan's oil-rich Mangistau region, prosecutors said Sunday, in a blow to a nation that prides itself on years of energy-fuelled stability. One person was killed and 11 wounded in fresh violence on Saturday when
Published 19 Dec, 2011 12:00am
Bongo party 'wins absolute majority' in Gabon election

Bongo party 'wins absolute majority' in Gabon election

President Ali Bongo's Gabonese Democratic Party (PDG) was assured of an absolute majority in the National Assembly after Saturday's general election, a PDG source close to the interior ministry said early Sunday.
Published 19 Dec, 2011 12:00am
Egypt's Islamists claim lead in second round of election

Egypt's Islamists claim lead in second round of election

Egypt's largest Islamist parties claimed the lead in the second round of a multi-stage legislative election, confirming them as them as front-runners in the first post-revolution parliament. The second round of elections which took place in nine provinces
Published 19 Dec, 2011 12:00am
Violence rocks Cairo for third straight day; 10 killed

Violence rocks Cairo for third straight day; 10 killed

Deadly clashes pitting army troops and police against protesters rocked Cairo's political centre for a third day on Sunday, widening divisions over the military's handling of transition from Hosni Mubarak's rule. At least 10 people were killed in the viol
Published 19 Dec, 2011 12:00am
British Prime Minister gets poll boost after EU spat

British Prime Minister gets poll boost after EU spat

British Prime Minister David Cameron's Conservative Party has opened up a wider lead on the opposition in the wake of the stormy EU summit, a poll out Sunday showed. The ICM survey for The Sunday Telegraph newspaper put Cameron's centre-right Tories up tw
Published 19 Dec, 2011 12:00am
UK lawmaker loses government job over Nazi party

UK lawmaker loses government job over Nazi party

A British lawmaker has been sacked from his job as a parliamentary aide after he was pictured attending a Nazi-themed bachelor party where one of the guests wore an SS uniform, the Conservative Party said on Sunday.
Published 19 Dec, 2011 12:00am
US approves first heart pump for children

US approves first heart pump for children

The US Food and Drug Administration has approved a first mechanical cardiac assist device for children that can help keep patients alive as they await a transplant. The EXCOR Pediatric System, made by German company Berlin Heart, can be sized to fit young
Published 19 Dec, 2011 12:00am
Yemen crisis to hit four million people in 2012: UN

Yemen crisis to hit four million people in 2012: UN

Nearly four million people will be affected by Yemen's crisis in 2012, UN agencies said in Dubai on Sunday, warning that the restive Arabian Peninsula country is on its way to becoming another Somalia. "About four million people will be affected by the cr
Published 19 Dec, 2011 12:00am
Yemeni general backs peace deal, 10 militants killed

Yemeni general backs peace deal, 10 militants killed

A dissident army general said on Sunday he backed a peace accord signed last month, lending support to efforts to pull Yemen from the brink of civil war, as officials said ten Islamist militants died in attacks by government forces in the south.
Published 19 Dec, 2011 12:00am
Thousands protest against rigged polls in Russia

Thousands protest against rigged polls in Russia

Around 8,000 people protested in Moscow and Saint Petersburg on Sunday against what they say were rigged parliamentary polls handing victory to Vladimir Putin's ruling party.
Published 19 Dec, 2011 12:00am
Medvedev wants political system overhaul

Medvedev wants political system overhaul

President Dmitry Medvedev has called for an overhaul of Russia's "exhausted" political system in a sign that street protests and dissatisfaction with Vladimir Putin's 12-year rule are starting to have some impact.
Published 19 Dec, 2011 12:00am
Captured 'CIA spy' is US citizen of Iranian origin

Captured 'CIA spy' is US citizen of Iranian origin

An alleged CIA agent being held in Tehran is a US citizen of Iranian origin, state television said Sunday in a report showing the young man confessing to his "mission" to infiltrate the intelligence ministry. The channel named him as Amir Mirza Hekmati an
Published 19 Dec, 2011 12:00am
Taiwan receives two US early warning aircraft

Taiwan receives two US early warning aircraft

Taiwan received two upgraded early warning aircraft from the United States Sunday, the island's airforce said, as part of an arms deal that upset China-US relations. The arrival of the E-2K aircraft in southern Kaohsiung city brings to four the number of
Published 19 Dec, 2011 12:00am
Blast kills one in Dhaka

Blast kills one in Dhaka

A bomb blast killed one man Sunday in Dhaka as violent clashes broke out between police and hundreds of opposition party activists gathered to mark Bangladesh's 40 years of independence, police said. Police used batons and fired tear gas at the rioting ac
Published 19 Dec, 2011 12:00am
Wall Street weekahead: Time short for S&P to end 2011 higher

Wall Street weekahead: Time short for S&P to end 2011 higher

With two weeks left in the trading year, the eurozone debt crisis will remain the primary impediment to pushing the S&P 500 index into positive territory for 2011. Uncertainty over progress in the region, along with the potential for credit rating downgra
Published 19 Dec, 2011 12:00am
BRICs buffeted by euro storm but stay on course

BRICs buffeted by euro storm but stay on course

A sudden stop to growth in Brazil. Rising political risk in Russia. A slide in India's rupee to a record low. A marked slowdown in growth in China. Have big emerging markets had their day? After all, even Goldman Sachs, which coined the BRIC acronym 10 ye
Published 19 Dec, 2011 12:00am
Thai central bank to sign currency swap deal with China

Thai central bank to sign currency swap deal with China

Thailand plans to sign a bilateral currency swap agreement this week worth 7 billion yuan ($1.1 billion) with China's central bank to help facilitate international trade between the two countries, the Bank of Thailand said on Sunday.
Published 19 Dec, 2011 12:00am
Russian firms eye M&A from London launchpad

Russian firms eye M&A from London launchpad

Russian companies moving to London are expected to start making use of their new-found acquisition currency as they seek a higher international profile - or a route to cash out - after their stock market listings.
Published 19 Dec, 2011 12:00am
Hungary's FX loan deal will lower risk view

Hungary's FX loan deal will lower risk view

Hungary's government and bank agreement on tackling the country's foreign currency loan problem will significantly reduce the risk associated with the country, a top banker said on Thursday. The deal, which limits the effects on the weak forint but comes
Published 19 Dec, 2011 12:00am
Tokyo shares seen rangebound

Tokyo shares seen rangebound

Tokyo stocks will likely be rangebound next week ahead of winter holidays as investors remain sceptical about the outlook for the eurozone's debt crisis and the global economy, dealers said. "Players were taking a sigh of relief after hearing about the re
Published 19 Dec, 2011 12:00am
New China Life jumps 14 percent on Shanghai debut

New China Life jumps 14 percent on Shanghai debut

Shares of New China Life Insurance Co Ltd jumped nearly 14 percent on the first day of trading in Shanghai on Friday, bucking a dismal debut in Hong Kong a day earlier in a sign that mainland investors are more optimistic about the country's third-biggest
Published 19 Dec, 2011 12:00am
CME Group cuts charitable giving, citing MF Global

CME Group cuts charitable giving, citing MF Global

CME Group Inc, which has given $22 million to Chicago-area schools and charities over the past five years, has stopped making grants through its main foundation, citing the collapse of MF Global Holdings Inc.
Published 19 Dec, 2011 12:00am
South Korea's Hyosung wins $233 million Qatar substation deal

South Korea's Hyosung wins $233 million Qatar substation deal

South Korea's Hyosung Corp said on Sunday its unlisted affiliate, Hyosung Power & Industrial Systems Performance Group, has signed a 270 billion won ($233 million) contract to build eight electricity substations in Qatar.
Published 19 Dec, 2011 12:00am
Czech Prime Minister for sale of Czech Airlines to strategic partner

Czech Prime Minister for sale of Czech Airlines to strategic partner

Czech Prime Minister Petr Necas will recommend to the government next year that it looks to sell state carrier Czech Airlines (CSA) to a strategic partner, he said on Sunday. "I would welcome (privatisation of CSA) and I will recommend this to the governm
Published 19 Dec, 2011 12:00am
Obama signs spending bill, averts shutdown

Obama signs spending bill, averts shutdown

US President Barack Obama on Sunday faced a new congressional gridlock over a payroll tax cut after he signed into law a $1 trillion spending bill, averting a government shutdown. The US Senate passed the spending bill and a two-month payroll tax holiday
Published 19 Dec, 2011 12:00am
Olympus offices to be raided this week

Olympus offices to be raided this week

Tokyo police, prosecutors and the securities watchdog will likely launch a raid on the offices of disgraced Olympus Corp this week on suspicion the company falsified financial accounts, Kyodo News has reported, citing investigative sources.
Published 19 Dec, 2011 12:00am
UK to 'accept in full' ICB bank reforms

UK to 'accept in full' ICB bank reforms

The British government will give its full backing to a shake-up of the banking sector proposed by the country's Independent Commission on Banking (ICB), British Business Secretary Vince Cable said on Sunday.
Published 19 Dec, 2011 12:00am
Britain seeks to calm economic war of words with France

Britain seeks to calm economic war of words with France

British Deputy Prime Minister Nick Clegg sought Sunday to draw a line under a row with France over the state of their economies, insisting co-operation was vital to end the eurozone crisis. Clegg, leader of the europhile Liberal Democrats, also insisted B
Published 19 Dec, 2011 12:00am
Over 50 'Occupy' protesters arrested in New York

Over 50 'Occupy' protesters arrested in New York

More than 50 anti-Wall Street protesters were arrested on Saturday after they tried to climb over a chain-link fence around a church parking lot in a bid to establish a new encampment. The demonstrators had used a wooden ladder to scale a chain-link fence
Published 19 Dec, 2011 12:00am
Credit Suisse to cut bonus pool, combine units

Credit Suisse to cut bonus pool, combine units

Credit Suisse will cut its bonus pool by 40 percent and is combining two units in a bid to cut costs, the newspaper Der Sonntag reported, in the wake of poor investment banking performance and an increased regulatory burden.
Published 19 Dec, 2011 12:00am
India targets hunger with huge food subsidy plan

India targets hunger with huge food subsidy plan

India's cabinet agreed on Sunday to tackle widespread malnutrition with food subsidies for two-thirds of the country's 1.2 billion population, a move that may shore up support for the government but carries risks for the faltering economy.
Published 19 Dec, 2011 12:00am
China to keep 'appropriate' investment growth

China to keep 'appropriate' investment growth

China will keep "appropriate" investment growth in 2012 to help underpin the economy amid the global downturn, the country's top economic planner said in comments published on Sunday. "The key to maintain steady and relatively fast economic growth is expa
Published 19 Dec, 2011 12:00am
Egypt annuls 1990s deal to sell state company

Egypt annuls 1990s deal to sell state company

An Egyptian administrative court has ruled that the sale of a state-owned company more than 13 years ago was null and void, sparking fears that ownership of a large number of firms on the bourse may be in doubt, traders said on Sunday.
Published 19 Dec, 2011 12:00am
Home prices in most Chinese cities fall

Home prices in most Chinese cities fall

Home prices in most major Chinese cities fell in November from the previous month, official data showed Sunday, as government efforts to cool the red-hot property market prove effective. The figures add to mounting evidence that the world's second largest
Published 19 Dec, 2011 12:00am
Taufeeq steadies Pakistan

Taufeeq steadies Pakistan

Taufeeq Umar closed in on a second successive half-century to steady Pakistan on the second day of the second and final Test against Bangladesh in Dhaka on Sunday. The left-handed opener, who scored 61 in the opening Test in Chittagong, was unbeaten on 44
Published 19 Dec, 2011 12:00am
Chaudhry Sports beat Golden Eagles

Chaudhry Sports beat Golden Eagles

Chaudhry Sports beats Golden Eagles by 7 wickets in the 3rd SPM Lahore Veteran Cricket League on Saturday here at Model Town White Cricket Ground.
Published 19 Dec, 2011 12:00am
China's Lin wins first 'Super Grand Slam'

China's Lin wins first 'Super Grand Slam'

Chinese ace Lin Dan claimed the World Superseries Finals title on Sunday, defeating his compatriot Chen Long in less than an hour, 21-12, 21-16. The rapid victory gave "Super Dan" badminton's first-ever "Super Grand Slam", with the 28-year-old Chinese pin
Published 19 Dec, 2011 12:00am
Westwood captures Thai title with 'best ever' display

Westwood captures Thai title with 'best ever' display

Former world number one Lee Westwood surged to a seven shot victory at the Thailand Golf Championship on the back of the "best golf" of his stellar career on Sunday. The Briton capped off another sparkling performance with his third win in Asia this seaso
Published 19 Dec, 2011 12:00am
PCB chief hopes Bangladesh will tour in April

PCB chief hopes Bangladesh will tour in April

Pakistan's cricket chief said on Sunday he hoped the Bangladesh cricket team would tour the country, after the 2009 attacks on Sri Lanka's side brought international visits to a standstill. The comments from Zaka Ashraf came after a meeting with his Bangl
Published 19 Dec, 2011 12:00am
Barcelona win Club World Cup

Barcelona win Club World Cup

Lionel Messi scored two wonder goals as European champions Barcelona ripped apart Brazil's Santos 4-0 to win their second Club World Cup in swashbuckling style on Sunday. "My players were like artists," purred Barca coach Pep Guardiola. "Whatever they env
Published 19 Dec, 2011 12:00am
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