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Archive - 2012-01-09
Capital police recovers 3.56kg opium
Top News

Capital police recovers 3.56kg opium

ISLAMABAD: Islamabad Police have arrested eight persons from various areas of the city and recovered 3.56 kilogram opium
Published 09 Jan, 2012 05:19pm
Peru offers to buy dollars
Financial

Peru offers to buy dollars

LIMA: Peru central bank offered to buy dollars on Monday as the sol currency bid 0.04 percent stronger at 2.691 per US d
Published 09 Jan, 2012 05:00pm
Gold up at Rs 47,742
Markets

Gold up at Rs 47,742

KARACHI: Gold moved up by Rs 214 to close at Rs 47,742 per 10 grams in the local market Monday as its international pric
Published 09 Jan, 2012 03:06pm
ISE-10 stays bearish
Markets

ISE-10 stays bearish

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bearish trend as the index shed 20.31 points to cl
Published 09 Jan, 2012 03:02pm
LSE witnesses bearish trend
Markets

LSE witnesses bearish trend

LAHORE: Bearish trend prevailed in Lahore Stock Exchange on the opening day on Monday of the week, as it shed 10.46 poin
Published 09 Jan, 2012 02:52pm
Automobile output increases over 10pc
Top News

Automobile output increases over 10pc

ISLAMABAD: Production of various light automobiles increased by over 10 percent during the first four months of the curr
Published 09 Jan, 2012 02:27pm
Merkel, Lagarde to meet on Tuesday
Top News

Merkel, Lagarde to meet on Tuesday

BERLIN: German Chancellor Angela Merkel and International Monetary Fund chief Christine Lagarde will meet on Tuesday in
Published 09 Jan, 2012 02:05pm
KSE-100 close of day
Top News

KSE-100 close of day

RECORDER REPORT KARACHI : After moving both sides, the KSE-100 index on Monday closed at 11,040.31 level, down 85.
Published 09 Jan, 2012 01:02pm
KSE mid day update
Top News

KSE mid day update

RECORDER REPORT KARACHI: On Monday, until 12:30 P.M., KSE-100 Index value was 11,136.31 with a net positive change o
Published 09 Jan, 2012 08:45am
Weekly inflation goes up
Top News

Weekly inflation goes up

ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on January 5, for the lowest income group up to Rs.8,
Published 09 Jan, 2012 08:06am
KSE morning update
Top News

KSE morning update

RECORDER REPORT KARACHI : After slight positive opening, mixed trend was witnessed at Karachi share market on Monda
Published 09 Jan, 2012 07:50am
Cabinet relaxes PPRA rules
Top News

Cabinet relaxes PPRA rules

MUSHTAQ GHUMMAN ISLAMABAD : The Cabinet has relaxed PPRA Rules 2004 for price matching of 178,000 tons of sugar at th
Published 09 Jan, 2012 04:45am
Oil down in Asian trade
Energy

Oil down in Asian trade

SINGAPORE: Oil prices were down in Asian trade Monday on concerns the European debt crisis could worsen, analysts said,
Published 09 Jan, 2012 03:47am
NSS inflows in dribs and drabs
BR Research

NSS inflows in dribs and drabs

For investors, CY12 started on a negative note. Interest rate went downhill during the latter half of CY11, now interest-bearing instruments
Published 09 Jan, 2012 12:00am
Game changer China
BR Research

Game changer China

The Asian giant is trying to mark a different economic footprint, one that has many Western retailers knitting their brows. In the five-year
Published 09 Jan, 2012 12:00am
21.4 percent drop in futures trading volume

21.4 percent drop in futures trading volume

The average daily trading volume at the futures counter declined by 21.4 percent on week-on-week basis to stand at 4.98 million shares as compared to previous week''''s average of 6.33 million shares. The futures spreads declined by 272bps during the outg
Published 09 Jan, 2012 12:00am
FBR to check record of 9,641 non-residents

FBR to check record of 9,641 non-residents

The Federal Board of Revenue (FBR) has decided to check the tax records of around 9,641 non-residents, including foreign companies and big foreign investors, to determine status of taxability of their income and verify tax exemptions obtained by non-resid
Published 09 Jan, 2012 12:00am
FBR to check record of 9,641 non-residents

FBR to check record of 9,641 non-residents

The Federal Board of Revenue (FBR) has decided to check the tax records of around 9,641 non-residents, including foreign companies and big foreign investors, to determine status of taxability of their income and verify tax exemptions obtained by non-resid
Published 09 Jan, 2012 12:00am
FBR to check record of 9,641 non-residents

FBR to check record of 9,641 non-residents

The Federal Board of Revenue (FBR) has decided to check the tax records of around 9,641 non-residents, including foreign companies and big foreign investors, to determine status of taxability of their income and verify tax exemptions obtained by non-resid
Published 09 Jan, 2012 12:00am
Energy crisis to end in few months: Prime Minister

Energy crisis to end in few months: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Sunday said that the government would solve the electricity and gas shortage in next few months to provide relief to the people.
Published 09 Jan, 2012 12:00am
Energy crisis to end in few months: Prime Minister

Energy crisis to end in few months: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Sunday said that the government would solve the electricity and gas shortage in next few months to provide relief to the people.
Published 09 Jan, 2012 12:00am
Energy crisis to end in few months: Prime Minister

Energy crisis to end in few months: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Sunday said that the government would solve the electricity and gas shortage in next few months to provide relief to the people.
Published 09 Jan, 2012 12:00am
Nawaz may appear before commission today

Nawaz may appear before commission today

President, Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif, who is also a petitioner in the memogate case, may appear before the commission probing the memo scandal, Aaj News reported. According to the channel, Nawaz Sharif has reached Islamabad, who w
Published 09 Jan, 2012 12:00am
Nawaz may appear before commission today

Nawaz may appear before commission today

President, Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif, who is also a petitioner in the memogate case, may appear before the commission probing the memo scandal, Aaj News reported. According to the channel, Nawaz Sharif has reached Islamabad, who w
Published 09 Jan, 2012 12:00am
Musharraf to return by last week of January

Musharraf to return by last week of January

The chief of All Pakistan Muslim League (APML), Pervez Musharraf on Sunday announced his return to the country, some time between Jan 27 and 30 this year, after remaining away from the country for over three years, saying that, despite life threats, Karac
Published 09 Jan, 2012 12:00am
Musharraf to return by last week of January

Musharraf to return by last week of January

The chief of All Pakistan Muslim League (APML), Pervez Musharraf on Sunday announced his return to the country, some time between Jan 27 and 30 this year, after remaining away from the country for over three years, saying that, despite life threats, Karac
Published 09 Jan, 2012 12:00am
Iran to launch nuclear work in bunker

Iran to launch nuclear work in bunker

Iran will in the "near future" start enriching uranium deep inside a mountain, a senior official said, a move likely to further antagonise Western powers which suspect Tehran is seeking nuclear weapons capability.
Published 09 Jan, 2012 12:00am
Swiss pharmaceutical giant Novartis recalls drugs in US

Swiss pharmaceutical giant Novartis recalls drugs in US

Swiss pharmaceutical firm Novartis said Sunday it was recalling four different products sold over the counter in the United States over reports of a malfunction at one of its plants. The affected drugs are Excedrin, NoDoz, Bufferin and Gas-X Prevention, N
Published 09 Jan, 2012 12:00am
Musharraf calls for rescue of Pakistan-US relations

Musharraf calls for rescue of Pakistan-US relations

Urgent action is needed to salvage Pakistan's dire relations with the United States, former president Pervez Musharraf told Reuters on Sunday, after announcing he would return home soon to re-enter politics. "Today Pakistan-US relations are at their lowes
Published 09 Jan, 2012 12:00am
US orders expulsion of Venezuelan CG

US orders expulsion of Venezuelan CG

The United States has declared the Venezuelan consul general (CG) in Miami persona non grata and ordered her expulsion from the country, a US official said Sunday. The official, who asked not to be identified, said Livia Acosta Noguera was notified of the
Published 09 Jan, 2012 12:00am
US orders expulsion of Venezuelan CG

US orders expulsion of Venezuelan CG

The United States has declared the Venezuelan consul general (CG) in Miami persona non grata and ordered her expulsion from the country, a US official said Sunday. The official, who asked not to be identified, said Livia Acosta Noguera was notified of the
Published 09 Jan, 2012 12:00am
Cabinet relaxes PPRA rules

Cabinet relaxes PPRA rules

The Cabinet has relaxed PPRA Rules 2004 for price matching of 178,000 tons of sugar at the lowest rate of Rs 46,250 per ton, sources close to TCP Chairman told Business Recorder. They said that the Cabinet was informed that the Committee constitute
Published 09 Jan, 2012 12:00am
Cabinet relaxes PPRA rules

Cabinet relaxes PPRA rules

The Cabinet has relaxed PPRA Rules 2004 for price matching of 178,000 tons of sugar at the lowest rate of Rs 46,250 per ton, sources close to TCP Chairman told Business Recorder. They said that the Cabinet was informed that the Committee constitute
Published 09 Jan, 2012 12:00am
Cabinet relaxes PPRA rules

Cabinet relaxes PPRA rules

The Cabinet has relaxed PPRA Rules 2004 for price matching of 178,000 tons of sugar at the lowest rate of Rs 46,250 per ton, sources close to TCP Chairman told Business Recorder. They said that the Cabinet was informed that the Committee constitute
Published 09 Jan, 2012 12:00am
Mercedes, Nissan in US engine tie-up

Mercedes, Nissan in US engine tie-up

Japanese auto giant Nissan and German luxury car maker Mercedes-Benz on Sunday announced a tie-up to produce engines in the United States, hailed as their biggest joint project outside Europe. The two auto firms will jointly produce Mercedes-Benz four-cyl
Published 09 Jan, 2012 12:00am
Mercedes, Nissan in US engine tie-up

Mercedes, Nissan in US engine tie-up

Japanese auto giant Nissan and German luxury car maker Mercedes-Benz on Sunday announced a tie-up to produce engines in the United States, hailed as their biggest joint project outside Europe. The two auto firms will jointly produce Mercedes-Benz four-cyl
Published 09 Jan, 2012 12:00am
Mercedes, Nissan in US engine tie-up

Mercedes, Nissan in US engine tie-up

Japanese auto giant Nissan and German luxury car maker Mercedes-Benz on Sunday announced a tie-up to produce engines in the United States, hailed as their biggest joint project outside Europe. The two auto firms will jointly produce Mercedes-Benz four-cyl
Published 09 Jan, 2012 12:00am
Danes capture pirate mothership, free 14

Danes capture pirate mothership, free 14

The Danish navy says it has captured a suspect pirate mothership off the Horn of Africa and rescued 14 people who were being held hostage on it. The navy says its warship HDMS Absalon, which participates in Nato's Ocean Shield anti-piracy force, encounter
Published 09 Jan, 2012 12:00am
Danes capture pirate mothership, free 14

Danes capture pirate mothership, free 14

The Danish navy says it has captured a suspect pirate mothership off the Horn of Africa and rescued 14 people who were being held hostage on it. The navy says its warship HDMS Absalon, which participates in Nato's Ocean Shield anti-piracy force, encounter
Published 09 Jan, 2012 12:00am
Egypt withdraws land from businessmen

Egypt withdraws land from businessmen

Egypt's government has withdrawn 2,100 hectares of land from some of the country's leading businessmen because they failed to develop it, a minister who heads a committee investigating failures in industry said on Sunday.
Published 09 Jan, 2012 12:00am
Egypt withdraws land from businessmen

Egypt withdraws land from businessmen

Egypt's government has withdrawn 2,100 hectares of land from some of the country's leading businessmen because they failed to develop it, a minister who heads a committee investigating failures in industry said on Sunday.
Published 09 Jan, 2012 12:00am
Russian naval flotilla docks in Syria

Russian naval flotilla docks in Syria

A large Russian naval flotilla led by an aircraft carrier has docked in the Syrian port of Tartus in what Damascus state media hailed on Sunday as a show of solidarity by close ally Moscow.
Published 09 Jan, 2012 12:00am
Russian naval flotilla docks in Syria

Russian naval flotilla docks in Syria

A large Russian naval flotilla led by an aircraft carrier has docked in the Syrian port of Tartus in what Damascus state media hailed on Sunday as a show of solidarity by close ally Moscow.
Published 09 Jan, 2012 12:00am
Huge quantity of heroin seized

Huge quantity of heroin seized

Pakistan Customs Drug Enforcement Cell- DEC, Karachi Airport Unit recovered and seized 17kg fine quality heroin concealed in garments consignment booked for Lagos, Nigeria and arrested two persons allegedly involved in the offence.
Published 09 Jan, 2012 12:00am
Revolution becomes indispensable for Pakistan: Altaf

Revolution becomes indispensable for Pakistan: Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain said that a revolution for bringing the rule of the poor and middle-class people has become indispensable for Pakistan. He declared that MQM's convention in Sukkur on January 20 will bring the good news a
Published 09 Jan, 2012 12:00am
Plan to recruit 14,000 more teachers

Plan to recruit 14,000 more teachers

There is a plan to recruit 14,000 more teachers soon. This was stated by the Sindh Minister of Education, Pir Mazhar ul Haq. He said here on Sunday that 14,000 teachers have already been hired on the basis of merit whereas 14,000 more teachers would also
Published 09 Jan, 2012 12:00am
Diplomatic ties with Israel: JI chief criticises Musharraf's statement

Diplomatic ties with Israel: JI chief criticises Musharraf's statement

Ameer, Jamaat-e-Islami, Pakistan, Syed Munawwar Hasan, has strongly condemned Pervez Musharraf's statement that recognition of Israel and establishing diplomatic ties with it was in the interest of Pakistan, and said a patriotic Pakistani ruler could not
Published 09 Jan, 2012 12:00am
PPP not sincere in creating Seraiki province: Qureshi

PPP not sincere in creating Seraiki province: Qureshi

Pakistan Tehreek-e-Insaf (PTI) Vice chairman Shah Mahmood Qureshi has said that the government is not sincere to create Seraiki province rather it is just befooling the masses under a preplanned game.
Published 09 Jan, 2012 12:00am
MQM to table new provinces bill in next National Assembly session

MQM to table new provinces bill in next National Assembly session

Deputy Convenor Rabita Committee Muttahida Qaumi Movement (MQM), Dr Farooq Sattar, has said that the MQM will introduce 20th constitutional amendment bill in the Parliament for the creation of Hazara and Southern Punjab provinces. He was talking to newsme
Published 09 Jan, 2012 12:00am
PML-N leader gunned down

PML-N leader gunned down

Two unidentified assailants shot dead a Pakistan Muslim League-Nawaz (PML-N) leader, Jamshed Chadhar in Jhang, late on Saturday. Chadhar, a prominent businessman and member of Jhang Chamber of Commerce and Industry, was entering a mosque to offer night pr
Published 09 Jan, 2012 12:00am
US facing defeat in Afghanistan: Qazi

US facing defeat in Afghanistan: Qazi

Former chief of Jamaat-e-Islami (JI), Qazi Hussein Ahmad has said that the United States has been defeated in Afghanistan, and wants to take revenge of its failure on the tribesmen of Pakistan. Talking to Zar Noor Afridi, deputy chief JI, FATA here Sunday
Published 09 Jan, 2012 12:00am
'Energy shortages can drag economy down'

'Energy shortages can drag economy down'

The vice president of the Saarc Chamber of Commerce and Industry, Iftikhar Ali, on Sunday said that deteriorating situation coupled with energy shortages can drag economy down. He said that mere assurances to lift gas supply suspension can not help sooth
Published 09 Jan, 2012 12:00am
'Government taking steps for artists' welfare'

'Government taking steps for artists' welfare'

Khyber Pakhtunkhwa, Minister for Information, Mian Iftikhar Hussain said that artists are great asset of the nation, but they are not given due status in the society, saying government is taking every possible steps for their welfare.
Published 09 Jan, 2012 12:00am
'President's interview removes misunderstandings'

'President's interview removes misunderstandings'

Interior minister, A. Rehman Malik on Sunday said that president Asif Ali Zardari's recent interview to a private TV channel has helped removing misunderstanding on various issues. The president spoke at length on various issues of national and internatio
Published 09 Jan, 2012 12:00am
$493 million received from donors during June-December

$493 million received from donors during June-December

Disbursement worth $493 million was made to Pakistan by different international donors during the first six months of the current fiscal year 2011-12. According to the data made available to the Business Recorder, from July to December 2011, the Asian Dev
Published 09 Jan, 2012 12:00am
India to build 11 tunnels on Pakistan, China borders

India to build 11 tunnels on Pakistan, China borders

Indian government is planning to build 11 tunnels in the strategically important road stretches close to the Pakistan and China borders. Indian media quoting officials reported that these all-weather tunnels, which will be built by the Border Road Organis
Published 09 Jan, 2012 12:00am
Sui gas provision for PK-7 to cost Rs 2 billion: Kiramat

Sui gas provision for PK-7 to cost Rs 2 billion: Kiramat

Speaker Khyber Pakhtunkhwa Assembly, Kiramatullah Khan has said that Rs 2 billion project for the provision of Sui gas in the provincial assembly constituency PK-7 is in progress while initially a amount of Rs 270 million are being spent on the constructi
Published 09 Jan, 2012 12:00am
Three-day painting exhibition from today

Three-day painting exhibition from today

Portraying the historical significance and conveying a peaceful message of Khyber Pakhtunkhwa, the selective art work of Jimmy Engineer, a renowned artist and social welfare, will be put on display during the three-day painting exhibition at Nishtar Hall
Published 09 Jan, 2012 12:00am
Activists detained on Japanese whaling vessel: Sea Shepherd

Activists detained on Japanese whaling vessel: Sea Shepherd

Three Australian environmental activists were detained on board a Japanese whaling ship on Sunday after boarding in protest at Japan's annual whale cull in the Antarctic, anti-whaling group Sea Shepherd said.
Published 09 Jan, 2012 12:00am
One dead as Afghan soldiers open fire on Nato troops

One dead as Afghan soldiers open fire on Nato troops

Three Afghan army soldiers opened fire on Nato troops in southern Afghanistan on Sunday, killing one and wounding six, a security officials said. The shooting took place during a sports game at a joint military base in the southern province of Zabul. "One
Published 09 Jan, 2012 12:00am
Israel charges five settlers with army base rampage

Israel charges five settlers with army base rampage

Israel charged five Jewish settlers on Sunday with orchestrating a riot in an army base in the West Bank in a bid to foil plans to dismantle illegal settlements in the occupied Palestinian territory.
Published 09 Jan, 2012 12:00am
Iraq 'unravelling' puts US civilians at risk: McCain

Iraq 'unravelling' puts US civilians at risk: McCain

A leading Republican senator warned Sunday that Iraq was "unravelling" in the wake of the withdrawal of US troops, putting at risk the thousands of American civilians in the country. Senator John McCain, who lost to Barack Obama in the 2008 presidential e
Published 09 Jan, 2012 12:00am
Saudi Arabia tries 16 suspected al Qaeda members

Saudi Arabia tries 16 suspected al Qaeda members

Saudi Arabia has begun the trial of 16 suspected al Qaeda members accused of killing a policeman and plotting attacks on government officials and military weapons facilities, Saudi media reported on Sunday. The group is also accused of financing "terroris
Published 09 Jan, 2012 12:00am
President Zardari can be persuaded to resign: Fazl

President Zardari can be persuaded to resign: Fazl

Jamiat-e-Ulema-e-Islam (F) Chief Moulana Fazlur Rehman on Sunday said that President Asif Ali Zardari could be persuaded to resign from his office. Talking to media after addressing a meeting of JUI Lahore's general council, he said the judiciary had ampl
Published 09 Jan, 2012 12:00am
Shujaat phones Zardari

Shujaat phones Zardari

Chuadhry Shujaat Hussain telephoned President Asif Ali Zardari on Sunday and discussed with him the current political situation. According to sources, the PML-Q chief and President Zardari discussed current political situation of the country including Sen
Published 09 Jan, 2012 12:00am
CJP urged to take suo motu notice for delaying LG elections

CJP urged to take suo motu notice for delaying LG elections

Chairman of Jeevay Pakistan Jeevay Muqami Hakoomat (JPJM) Daniyal Aziz has appealed to Chief Justice of Pakistan Iftikhar Muhammad Chaudhry to take suo motu of delay in holding local government elections. In a statement issued from the JPJM Secretariat on
Published 09 Jan, 2012 12:00am
Snowfall continues in up country, AJK

Snowfall continues in up country, AJK

Intermittent snowfall continued in the upper parts of the country including Azad Kashmir to keep the weather chilly besides blocking main roads for general traffic. In Kel, Neelum, Leepa, Sadhan Gali, But Sherh, Punjal Gali and Seer Kot of Azad Kashmir, s
Published 09 Jan, 2012 12:00am
Low-fee schools: Punjab spending Rs18bn on facilities, projects

Low-fee schools: Punjab spending Rs18bn on facilities, projects

The Punjab Government is spending Rs 4 billion on the provision of various missing facilities in public sector schools in the province so that students studying in these low-fee schools could get quality education and their mental ken also be improved thr
Published 09 Jan, 2012 12:00am
Gas supply remains affected in Sindh, Balochistan

Gas supply remains affected in Sindh, Balochistan

Gas supply to various areas in Sindh and Balochistan provinces continue to remain affected due to the blasting of the pipeline near Jafferabad. Unidentified miscreants blew up the 18-inch diameter high pressure gas pipeline of Sui Southern Gas Company (SS
Published 09 Jan, 2012 12:00am
Pakistan can be leader in global Halal food market

Pakistan can be leader in global Halal food market

Pakistan, being a Muslim and an agriculture country has the potential to assume leadership role in global halal food market by following proper strategies, policies and practices.
Published 09 Jan, 2012 12:00am
Punjab chief minister assures citizens of support

Punjab chief minister assures citizens of support

A delegation of residents of Kahna met Punjab chief minister, Muhammad Shahbaz Sharif in Raiwind here Sunday and apprised him of their problems. Director General LDA was also present on this occasion. The CM assured the delegation that their genuine probl
Published 09 Jan, 2012 12:00am
People heading towards revolt: Baloch

People heading towards revolt: Baloch

Jamaat-e-Islami (JI) Secretary General Liaqat Baloch said on Sunday that people of the country were heading towards revolt because of electricity and gas crisis besides continuous hike in fuel prices. Talking to a delegation of traders at Mansoora, he sai
Published 09 Jan, 2012 12:00am
Gas crisis to be resolved through consultation with provinces: Firdous

Gas crisis to be resolved through consultation with provinces: Firdous

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan has said that the prevailing gas crisis was temporary and it would be resolved through consultation with provinces. Talking to various delegations at Kuba Check on Sunday evening she
Published 09 Jan, 2012 12:00am
Two including security guard shot dead

Two including security guard shot dead

At least two persons including a security guard have been shot dead in different parts of Karachi, police said it on Sunday. According to the police, some unknown armed attackers shot dead a 30-year-old person, Sarwar, near Darul-Aloom in Korangi five-and
Published 09 Jan, 2012 12:00am
Teachers favour ban on mobile phone usage

Teachers favour ban on mobile phone usage

Majority of the teachers favoured the recently passed resolution of Punjab Assembly to ban use of mobile phones in schools and colleges, considering it a source of distraction the students from their studies.
Published 09 Jan, 2012 12:00am
Sarkozy gains ground on Socialist rival

Sarkozy gains ground on Socialist rival

French President Nicolas Sarkozy has cut his Socialist rival's lead to the smallest margin so far in the run up to an April and May presidential election, a poll showed on Sunday. However, the poll showed that Socialist candidate Francois Hollande would s
Published 09 Jan, 2012 12:00am
Cameron 'sorry' for Tourette's jibe at Labour's Balls

Cameron 'sorry' for Tourette's jibe at Labour's Balls

Prime Minister David Cameron's latest jibe against Labour's Ed Balls has landed him in hot water with disability campaigners. The prime minister was forced to apologise after he told the Sunday Telegraph newspaper that dealing with the shadow chancellor -
Published 09 Jan, 2012 12:00am
North Korea to top agenda at Lee-Hu summit in China

North Korea to top agenda at Lee-Hu summit in China

South Korean President Lee Myung-bak will this week ask China to use its influence to lean on North Korea to show restraint amid a delicate transition to a new leadership in Pyongyang focused on projecting a militaristic image.
Published 09 Jan, 2012 12:00am
Rivals turn up heat on frontrunner Romney

Rivals turn up heat on frontrunner Romney

Republican presidential candidates stepped up their attacks on Mitt Romney in a televised debate on Sunday and put the usually unflappable front-runner on the defensive just two days before voters in New Hampshire head to the polls.
Published 09 Jan, 2012 12:00am
Afghanistan to open embassy in Greece for refugees

Afghanistan to open embassy in Greece for refugees

Afghanistan will open an embassy in Greece to help thousands of Afghan asylum seekers stranded while seeking a better life in Europe, the foreign ministry in Kabul said on Sunday.
Published 09 Jan, 2012 12:00am
Irish president could ask court on EU referendum

Irish president could ask court on EU referendum

Senior Irish government figures have discussed the possibility of the president asking the supreme court to rule on whether Europe's plans for fiscal union would require a referendum, the Sunday Business Post reported.
Published 09 Jan, 2012 12:00am
Chinese held for firebomb attack on Japan embassy in Seoul

Chinese held for firebomb attack on Japan embassy in Seoul

A Chinese man who reportedly said his grandmother was one of many thousnds forced into prostitution for the Japanese army during World War Two was arrested on Sunday for a firebomb attack at the Japanese Embassy in Seoul, police said.
Published 09 Jan, 2012 12:00am
Stricken cargo ship breaks up on reef off New Zealand

Stricken cargo ship breaks up on reef off New Zealand

A stricken container ship wedged on a reef off a New Zealand holiday spot has broken up in stormy weather but is still on the reef after running aground three months ago, raising fears of a fresh oil spill.
Published 09 Jan, 2012 12:00am
Turk general will seek supreme court trial: lawyer

Turk general will seek supreme court trial: lawyer

The former head of Turkey's armed forces, General Ilker Basbug, should be tried in the supreme court if he is charged with plotting to overthrow the government, his lawyer told Reuters. Lawyer Ilkay Sezer said late on Saturday that Basbug had worked in ta
Published 09 Jan, 2012 12:00am
Iraq police say sorry for Saddam era

Iraq police say sorry for Saddam era

Iraq's police, completely reformed after the 2003 US-led invasion, on Sunday apologised for acts committed during the rule of the dictator Saddam Hussein, on the eve of the force's 90th anniversary.
Published 09 Jan, 2012 12:00am
Aussie and New Zealand dollar seen holding gains in 2012

Aussie and New Zealand dollar seen holding gains in 2012

The Aussie dollar is forecast to remain around parity for the coming year thanks to a robust economy and despite a deteriorating debt crisis in Europe and expectations for more interest rate cuts in Australia. A Reuters poll of around 51 analysts showed t
Published 09 Jan, 2012 12:00am
Polish watchdog keen to boost interbank lending

Polish watchdog keen to boost interbank lending

Poland's financial watchdog KNF is considering taking steps to encourage banks to lend to each other more, fearing that a stalled interbank market would discourage lending and hurt the wider economy, its deputy head told Reuters in an interview. Polish ba
Published 09 Jan, 2012 12:00am
Middle East markets: Dubai leads Gulf decliners, Saudi at 5-month high

Middle East markets: Dubai leads Gulf decliners, Saudi at 5-month high

Dubai's index led losses among Gulf Arab peers on Sunday as investors stayed on the sidelines awaiting earnings reports, while Saudi shares bulked the regional trend to end at a five-month high. Bourse operator Dubai Financial Market fell 2.9 percent, wei
Published 09 Jan, 2012 12:00am
Global markets weekahead

Global markets weekahead

Fear that a capital black hole is spreading over the eurozone's banking sector threatens to overshadow the first meeting in 2012 of German Chancellor Angela Merkel and French President Nicolas Sarkozy next week to discuss the region's debt crisis. Europea
Published 09 Jan, 2012 12:00am
Euro volatility to surge back in January

Euro volatility to surge back in January

The euro will be the most volatile major currency in January as the bloc's debt crisis lingers on, keeping alive fears of another credit crunch and with the AAA credit rating of some of its top members in the balance.
Published 09 Jan, 2012 12:00am
London investors await Bank of England next week

London investors await Bank of England next week

London investors will likely take their leads from events in the eurozone and United States next week in the absence of major British news, with the Bank of England set to keep interest rates on hold. London's FTSE 100 index of top shares closed at 5,649.
Published 09 Jan, 2012 12:00am
Turkish lira to make partial recovery in 2012

Turkish lira to make partial recovery in 2012

Turkey's lira is expected to rise just under 7 percent against the dollar in 2012, a Reuters poll showed, only a fraction of the roughly 20 percent fall last year that made it one of 2011's worst-performing emerging market currencies. The Turkish central
Published 09 Jan, 2012 12:00am
Tokyo stocks seen to hinge on eurozone events

Tokyo stocks seen to hinge on eurozone events

Tokyo market players are braced for nervous trading in the week ahead as they keep a close watch on developments in the European sovereign debt crisis, analysts said Friday.
Published 09 Jan, 2012 12:00am
Deutsche Bank made best end-2011 FX call

Deutsche Bank made best end-2011 FX call

Deutsche Bank's call last January in the Reuters monthly foreign exchange poll that the euro and yen would both remain strong earned the bank most accurate forecaster for the long view. They have started this year with almost the same call, expecting the
Published 09 Jan, 2012 12:00am
China tightens disclosure rules for start-up board

China tightens disclosure rules for start-up board

China's stock market regulator will require companies listed on the country's Shenzhen start-up board to disclose more information to investors, the latest move by China to tighten the supervision of its often unruly capital markets.
Published 09 Jan, 2012 12:00am
Mexico arrests goalkeeper as kidnapping suspect

Mexico arrests goalkeeper as kidnapping suspect

Mexican police have arrested former international soccer goalkeeper Omar Ortiz on suspicion of links to organised crime, fanning concerns about lawlessness plaguing the United States' southern neighbour. An official in the northern Mexican state of Knave
Published 09 Jan, 2012 12:00am
Gyan Nations Cup blow for Ghana

Gyan Nations Cup blow for Ghana

Ghana suffered a major blow to their Africa Cup of Nations preparations on Sunday with an injury to top striker Asamoah Gyan. The United Arab Emirates-based Gyan is suffering from a tendon problem in his knee which has cast doubt on his participation in t
Published 09 Jan, 2012 12:00am
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