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Archive - 2012-01-13
Zimbabwe squad for New Zealand
Cricket

Zimbabwe squad for New Zealand

HARARE: The Zimbabwe squad to tour New Zealand from January 16 to February 14:- Brendan Taylor (capt), Regis Chakabva,
Published 13 Jan, 2012 05:13pm
South Africa committed to growth
Top News

South Africa committed to growth

JOHANNESBURG: South Africa Treasury reacted to a Fitch downgrade of the country's outlook on Friday by saying it remains
Published 13 Jan, 2012 04:47pm
ISE-10 gains 38 points
Markets

ISE-10 gains 38 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Friday witnessed bullish trend as the index gained 38.13 points to
Published 13 Jan, 2012 03:58pm
Will move court on sacking: Lodhi
Top News

Will move court on sacking: Lodhi

KARACHI : Former Defence Secretary Lt. General (Retd.) Naeem Khalid Lodhi on Friday said that he will move the court ove
Published 13 Jan, 2012 01:28pm
Chehlum Hazrat Imam Hussain (AS) today
Top News

Chehlum Hazrat Imam Hussain (AS) today

ISLAMABAD : Chehlum of Hazrat Imam Hussain (AS) will be observed with due solemnity and reverence in the federal capital
Published 13 Jan, 2012 12:32pm
British PM visits Saudi Arabia
Top News

British PM visits Saudi Arabia

RIYADH: British Prime Minister David Cameron arrived in Saudi Arabia on Friday to talks with King Abdullah, state media
Published 13 Jan, 2012 12:18pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : Investor’s interest on dips in the oversold market on Friday supported the KSE-100 Index to register healthy r
Published 13 Jan, 2012 11:28am
SBP injects Rs218.10bn in the market
Top News

SBP injects Rs218.10bn in the market

KARACHI: State Bank of Pakistan (SBP) in its reverse repo open market operation in treasury bills and Pakistan Investmen
Published 13 Jan, 2012 10:38am
Hungary December CPI slows 4.1pc y/y
Top News

Hungary December CPI slows 4.1pc y/y

BUDAPEST: Hungary's headline inflation rate slowed to 4.1 percent year-on-year in December from 4.3 percent in November,
Published 13 Jan, 2012 08:42am
GM plans to invest $1bn in Russia
Top News

GM plans to invest $1bn in Russia

DETROIT: US auto giant General Motors will invest $1 billion (778 million euros) in Russia over five years to more than
Published 13 Jan, 2012 08:33am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Friday, until 12:00 P.M., KSE-100 Index value was 11,007.52 with a net positive change of 98.40 and volume
Published 13 Jan, 2012 08:31am
Forex reserves fall by $15mn
Top News

Forex reserves fall by $15mn

RECORDER REPORT KARACHI: The country's foreign exchange reserves fell by $15 million during the last week. The total
Published 13 Jan, 2012 07:05am
Haqqani files review petition
Top News

Haqqani files review petition

RECORDER REPORT ISLAMABAD: The Chief Justice Iftikhar Muhammad Chaudhry has constituted special bench to hear a revie
Published 13 Jan, 2012 06:47am
Bears dominate ISE
Markets

Bears dominate ISE

RECORDER REPORT ISLAMABAD: Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showe
Published 13 Jan, 2012 06:46am
BMW, Mini China sales up 37.6pc in 2011
Top News

BMW, Mini China sales up 37.6pc in 2011

BEIJING: German luxury car maker BMW AG said it sold 232,586 BMW and Mini cars in China in 2011, up 37.6 percent. Sales
Published 13 Jan, 2012 05:56am
President Zardari returns from Dubai
Top News

President Zardari returns from Dubai

ISLAMABAD : President Asif Zardari who had gone to Dubai on Thursday afternoon on a private visit to attend a wedding
Published 13 Jan, 2012 05:27am
Gold falls on easing euro zone fears
Top News

Gold falls on easing euro zone fears

SINGAPORE: Gold prices eased on Friday as fears about the health of the global economy abated after successful debt sale
Published 13 Jan, 2012 04:45am
Pakistan: a heavy-texting market
BR Research

Pakistan: a heavy-texting market

One tends to find, almost all the time, someone within their sight texting, or "SMSing" if you will. Social interactions also indicate that
Published 13 Jan, 2012 12:00am
'Punjab giving special attention to mineral development'

'Punjab giving special attention to mineral development'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the future of the country is closely linked with minerals, livestock & dairy development, agriculture and the goal of self-reliance can be achieved by developing these sectors. Issuing instructio
Published 13 Jan, 2012 12:00am
Jamaat-e-Islami meeting reviews political situation

Jamaat-e-Islami meeting reviews political situation

A high-level advisory meeting of Jamaat-e-Islami held at Mansoora Thursday reviewed the prevailing political situation of the country. JI Ameer, Syed Munawar Hasan, was in the chair in the meeting. JI Secretary General, Liaqat Baloch, presented a report o
Published 13 Jan, 2012 12:00am
Urs of Data Gunj Bukhsh begins today

Urs of Data Gunj Bukhsh begins today

The Urs of Hazrat Ali Hajveri, also known as Hazrat Data Gunj Bukhsh will start on Friday (today) with Chadar Poshi by Punjab Minister for Aquaf and Religious Affairs, Haji Ehsanuddin Qureshi. Secretary Auqaf Tariq Mehmood Pasha, Director General Auqaf Dr
Published 13 Jan, 2012 12:00am
Dr Baqir's murder: Senate panel not satisfied with probe report

Dr Baqir's murder: Senate panel not satisfied with probe report

Senate Functional Committee on Human Rights, while expressing no confidence in the investigation report regarding the murder of Dr Syed Baqir Shah in Quetta, has issued directives to the I.G. and the Home Secretary of Balochistan to explain the reasons in
Published 13 Jan, 2012 12:00am
Bara IDPs demand early provision of food

Bara IDPs demand early provision of food

Internally Displaced Person from Bara, Khyber Agency have demanded early release of food instalment withheld for the last nine months and provision of other facilities at their makeshift camp at Jalozai, district Nowshera. The demand was made during a pre
Published 13 Jan, 2012 12:00am
Nawaz condemns attack on security forces

Nawaz condemns attack on security forces

Pakistan Muslim League-N President Muhammad Nawaz Sharif has strongly condemned the bomb attack and firing on security forces in Turbat which resulted in martyrdom of several officials of Frontier core. In a condolence message, Muhammad Nawaz Sharif praye
Published 13 Jan, 2012 12:00am
US to provide $10 million for education in Balochistan

US to provide $10 million for education in Balochistan

Consul General of the United States in Karachi, William Martin has announced $10 million for education in Balochistan. A statement issued on Thursday said that William Martin, the United States Consul General in Karachi, visited Dureji village, Balochista
Published 13 Jan, 2012 12:00am
ANP to oppose any unconstitutional move, says Asfandyar

ANP to oppose any unconstitutional move, says Asfandyar

President, Awami National Party (ANP), Asfandyar Wali Khan, on Thursday said that his party would oppose any unconstitutional move. "We would not favour any illegal and unconstitutional step taken under the garb of rule of law," the ANP leader said while
Published 13 Jan, 2012 12:00am
Chehlum of Imam Hussan (R A): police make comprehensive security plan

Chehlum of Imam Hussan (R A): police make comprehensive security plan

Islamabad Police have chalked out a comprehensive security plan for procession on the occasion of Chehlum of Hazrat Imam Hussan (R A). Police said strict patrolling would be ensured through effective co-ordination among the personnel of law enforcement ag
Published 13 Jan, 2012 12:00am
Imran rules out talks with Nawaz

Imran rules out talks with Nawaz

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said that his party will not hold talks with N-League, however, they are open for a discussion with all other parties. He also announced that the PTI would stand by the judiciary and come out on roads on
Published 13 Jan, 2012 12:00am
Jhagra elected PML-N's Secretary General

Jhagra elected PML-N's Secretary General

Pakistan Muslim League-Nawaz (PML-N) on Thursday unanimously elected Iqbal Zafar Jhagra as a party's new Secretary General. "All the leaders/members of Central Working Committee (CWC) and Central Parliamentary envisaged their confidence in the leadership
Published 13 Jan, 2012 12:00am
Bid to smuggle Iranian diesel foiled

Bid to smuggle Iranian diesel foiled

Pakistan Maritime Security Agency and Pakistan Customs (Anti-Smuggling Organisation of Model Customs Collectorate of Preventive, Custom House, Karachi) in a joint operation have foiled an attempt to smuggle Iranian diesel in thousands of litres along with
Published 13 Jan, 2012 12:00am
Altaf ready to talk with Taliban

Altaf ready to talk with Taliban

Muttahida Quami Movement (MQM) Quaid Altaf Hussain said on Thursday that he was ready to talk to Taliban for the survival, security, peace and stability of the country. In a telephonic conversation with head of Fata Grand Alliance, Malik Khan Marjan, he f
Published 13 Jan, 2012 12:00am
EOBI facilitates pensioners through Easy Paisa

EOBI facilitates pensioners through Easy Paisa

EOBI organises a new system across the country that provides pensions to the private sector employees and labourers associated with EOBI. This has lessened the transaction phase through easy paisa for their old-age handicapped and widowed pension earners.
Published 13 Jan, 2012 12:00am
FHIF, FHCF declare second interim dividend

FHIF, FHCF declare second interim dividend

The Board of Directors of Habib Asset Management Limited, the Management Company of First Habib Income Fund (FHIF) and First Habib Cash Fund (FHCF) has declared 2nd Interim Dividend for the year ending June 30, 2012 for the Unit holders of FHIF & FHCF.
Published 13 Jan, 2012 12:00am
FHIF, FHCF declare second interim dividend

FHIF, FHCF declare second interim dividend

The Board of Directors of Habib Asset Management Limited, the Management Company of First Habib Income Fund (FHIF) and First Habib Cash Fund (FHCF) has declared 2nd Interim Dividend for the year ending June 30, 2012 for the Unit holders of FHIF & FHCF.
Published 13 Jan, 2012 12:00am
Rain/snowfall forecast for hills, upper parts of country

Rain/snowfall forecast for hills, upper parts of country

Meteorological department has predicted more rain with snowfall over the hills, over upper parts of the country on Saturday/Sunday. Director General Meteorological department Dr Mohammad Arif told Business Recorder on telephone on Thursday that a w
Published 13 Jan, 2012 12:00am
LHC urged to declare dictators traitors

LHC urged to declare dictators traitors

The Lahore High Court here on Thursday admitted a petition for regular hearing. The petitioner has sought court's directions to declare all the former dictators as traitors for abrogating the Constitution of Pakistan. The court directed the registrar to f
Published 13 Jan, 2012 12:00am
Bangladesh HC meets Hina

Bangladesh HC meets Hina

The High Commissioner of Bangladesh, Suhrab Hossain, called on Foreign Minister, Hina Rabbani Khar here on Thursday. The High Commissioner conveyed a message of goodwill from the Foreign Minister of Bangladesh, Dr Dipu Moni, and also delivered an invitati
Published 13 Jan, 2012 12:00am
Fresh appointments and sacked employees: NHA directed to submit report

Fresh appointments and sacked employees: NHA directed to submit report

The National Assembly Standing Committee on Communication directed National Highway Authority (NHA) to submit report pertaining to the fresh appointments as well as the revival of sacked employees in the department during the next meeting of the committee
Published 13 Jan, 2012 12:00am
Special development projects' progress reviewed

Special development projects' progress reviewed

Provincial Minister for Planning and Development, Chaudhry Abdul Ghafoor presided over a meeting in which ongoing development projects in various divisions under special package were reviewed. During the briefing, Secretary Planning and Development inform
Published 13 Jan, 2012 12:00am
Decision to establish dry-port appreciated

Decision to establish dry-port appreciated

Punjab Industrial Estates Chairman, S.M Tanveer has appreciated the decision to establish a new dry-port on the basis of public-private partnership at Prem Nagar near Raiwind. PIE chairman in a statement on Thursday said that the dry-port would be benefic
Published 13 Jan, 2012 12:00am
Growers advised to irrigate wheat crop

Growers advised to irrigate wheat crop

Growers should irrigate the wheat crop, which has grown leafs as per requirement, the met office advised. "Wheat crop is in third leaf/tiller development stage in the agriculture plains of the country. Farmers should irrigate the early sown crops as per r
Published 13 Jan, 2012 12:00am
PCDMA assured of resolution of problems

PCDMA assured of resolution of problems

Chief Collector of Customs, Amir Mohammad Khan Marwat assures chemical and dyes merchant that their issues related to customs will be resolved on priority basis. Speaking at a meeting of Pakistan Chemicals and Dyers Merchant Association (PCDMA), he sugges
Published 13 Jan, 2012 12:00am
Rally held in support of Zardari and Gilani

Rally held in support of Zardari and Gilani

Hundreds of activists of the Pakistan Peoples Party (PPP) Chagai district on Thursday took out a rally in support of President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani. The rally led by PPP Chagai district president Mir Habib was taken
Published 13 Jan, 2012 12:00am
Industrialists and traders grieve over demise of Pir Pagara

Industrialists and traders grieve over demise of Pir Pagara

Industrialists and traders express their condolences on the sad demise of Pir Ali Mardan Shah Pagara and termed it a big loss to the nation. Former Chairman, Korangi Association of Trade and Industry and proposed Chairman PML-Functional Business Consul, G
Published 13 Jan, 2012 12:00am
Woman among five killed in various parts of city

Woman among five killed in various parts of city

At least five persons including a woman were killed in separate incidents at various parts of the metropolis here on Thursday. According to police and rescue sources, a teenage girl was fallen victim to stray bullet at the slum area of Shahzad Moor in the
Published 13 Jan, 2012 12:00am
Rs 1 million approved for family of slain professor

Rs 1 million approved for family of slain professor

The Syndicate of University of Sindh in its emergency meeting has approved one million rupees for the family of slain Professor Dr Channer, Director Students Affairs. The syndicate meeting was held on Thursday at the office of Provincial Election Commissi
Published 13 Jan, 2012 12:00am
Pir Pagara laid to rest in Pir Jo Goth

Pir Pagara laid to rest in Pir Jo Goth

The spiritual leader of Hurs, Pir Pagara, was laid to rest on Thursday at Dhani Shah shrine in Pir Jo Goth amid tears and sobs, as thousands of his devotees grieved his death. Shah Mardan Shah, popularly known as Pir Pagara, was the seventh leader of Hur
Published 13 Jan, 2012 12:00am
I am confident about future of Siemens: CEO

I am confident about future of Siemens: CEO

Ali Hamdani, MD +ACY- CEO Siemens Pakistan expressed confidence in the future of Siemens and Pakistan at the 59th AGM of the company held at Siemens Industrial Complex at Site here. Responding to the inquiries from shareholders about the future outlook of
Published 13 Jan, 2012 12:00am
Etihad Airways named World's Leading Airline for third year

Etihad Airways named World's Leading Airline for third year

Etihad Airways has enjoyed stunning success at the World Travel Awards, taking the top honour for the third year in a row. It was named the World's Leading Airline last night at a black-tie gala event in Doha, Qatar. The judges also presented Etihad Airwa
Published 13 Jan, 2012 12:00am
'UK committed to building bilateral trade ties with Pakistan'

'UK committed to building bilateral trade ties with Pakistan'

UK State Minister for Trade and Investment Lord Green said on Thursday that Pakistan is a good place for British investors and the UK government is also fully committed to building on bilateral trade relationship between the two countries.
Published 13 Jan, 2012 12:00am
PICG's conference focuses on challenges faced by company Secretaries

PICG's conference focuses on challenges faced by company Secretaries

Pakistan Institute of Corporate Governance (PICG) in collaboration with the European Management Development Institute (EMADIN) and knowledge partner TXT Solaris organised a conference followed by workshop on 'The Changing Role of the Company Secretary' he
Published 13 Jan, 2012 12:00am
World Bank Chief economist visits IBA

World Bank Chief economist visits IBA

Dr Kalpana Kochhar, Chief Economist for South Asia Region, World Bank visited IBA Karachi, Centre for Executive Education on Thursday to share an enlightening report on 'More and better job opportunities in South Asia'. She was accompanied by the World Ba
Published 13 Jan, 2012 12:00am
PTCL inaugurates revamped, and remodelled PTCL OSS

PTCL inaugurates revamped, and remodelled PTCL OSS

Pakistan Telecommunication Company Limited (PTCL) has inaugurated a revamped and remodeled PTCL One Stop Shop (OSS), as part of its new "Customer First" campaign, which focuses on building an enhanced customer care experience. "At PTCL, our customers alwa
Published 13 Jan, 2012 12:00am
SHC restraints KESC

SHC restraints KESC

Sindh High Court has restrained Karachi Electric Supply Corporation (KESC) from taking any coercive action against new Chairman Businessmen Group Siraj Kassam Teli and fixed January 13, 2012 for hearing of the case.
Published 13 Jan, 2012 12:00am
Jirga brings end to enmity amongst three tribes

Jirga brings end to enmity amongst three tribes

A delegation comprising of Senator Ilyas Ahmad Bilour, Arbab Dost Mohammad Khan, Arbab Khalid and Safdar Khan Baghi succeeded in bringing an end to three years enmity amongst three sub-tribes of Khalil tribe. The jirga held in the residence of Arbab Khali
Published 13 Jan, 2012 12:00am
'Lowari Tunnel project to usher into Chitral development era'

'Lowari Tunnel project to usher into Chitral development era'

Speaker Khyber Pakhtunkhwa Assembly, Kiramatullah Khan has said that construction of Lowari Tunnel will open a chapter of progress and development for the landlocked district of Chitral. He was talking to a representative 'jirga' from Chitral headed by Pr
Published 13 Jan, 2012 12:00am
Tax evaders! there's no way to evade legal action

Tax evaders! there's no way to evade legal action

The arrest of a sales tax defaulter by Regional Tax Office (RTO) Rawalpindi has sent a loud message that tax evaders will not be able to evade legal action one way or the other. Sources told Business Recorder here on Thursday that the RTO Rawalpind
Published 13 Jan, 2012 12:00am
Saudi Arabia provides $1.5 million health assistance

Saudi Arabia provides $1.5 million health assistance

The Saudi government had extended $1.5 million health assistance for provision of instruments and equipments at basic health facilities in the Khyber Paktunkhaw province. In this connection, a ceremony was held here at Directorate of Health on Thursday, i
Published 13 Jan, 2012 12:00am
Traffic violations about 549,328 vehicles fined in Islamabad

Traffic violations about 549,328 vehicles fined in Islamabad

With the objective to ensure safe road environment after inculcating awareness of traffic rules among the citizens, Islamabad Traffic Police (ITP) fined around 5,49,328 vehicles during the last year generating Rs 103 millions revenue.
Published 13 Jan, 2012 12:00am
NH&MP reunite lost kids with their parents

NH&MP reunite lost kids with their parents

National Highways & Motorway Police has successfully reunited four lost children with their parents. As per details, Motorway Police Officers SPO Gulzar Ahmed and PO Wasim Akram were on their routine patrolling duty in the area of Jambar saw a child Muham
Published 13 Jan, 2012 12:00am
US MIDDAY: gold up third day

US MIDDAY: gold up third day

Gold rose to a one-month high on Thursday, as comments by the president of the European Central Bank on cheap money stabilising the region's banking system extended the metal's gain to a third consecutive day. Bullion largely followed a rally in the euro
Published 13 Jan, 2012 12:00am
US MIDDAY: copper soars

US MIDDAY: copper soars

Copper shot to a more than two-month high above $8,000 per tonne on Thursday after a drop in China's inflation and two successful European debt auctions emboldened market bulls and unleashed a wave of pent-up short-covering. In New York, the key March COM
Published 13 Jan, 2012 12:00am
US MIDDAY: corn and wheat plunge

US MIDDAY: corn and wheat plunge

US corn and wheat futures plunged more than 6 percent on Thursday in their steepest slide in 3-1/2 months after the US Agricultural Department forecast supplies well above trade expectations in its closely watched January crop report. Soyabeans shed about
Published 13 Jan, 2012 12:00am
Gold climbs in London

Gold climbs in London

Gold climbed towards $1,660 an ounce on Thursday after European Central Bank president Mario Draghi said the supply of cheap money released by the bank was helping stabilise the banking system and lift the euro zone economy, boosting the euro. Spot gold w
Published 13 Jan, 2012 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices edged higher on Thursday on concerns about the eurozone debt crisis ahead of Spain's bond auction and a European Central Bank meeting, as robust buying from China and India also supported sentiment. Spot gold inched up 0.2 percent to $1,644.69
Published 13 Jan, 2012 12:00am
US gold rises to one-month high

US gold rises to one-month high

Gold rose to a one-month high on Wednesday, breaking ranks with the euro and equities, as evidence of strong physical demand from China fuelled fund buying after bullion's recent sell-off. Spot gold was up 0.3 percent at $1,637.51 an ounce by 2:36 p.m. ES
Published 13 Jan, 2012 12:00am
Coffee falls

Coffee falls

Arabica coffee futures on ICE reversed course and turned lower after hitting a six-week high on Thursday, while Liffe's robusta slipped from a five-week high and cocoa prices also fell, as investors liquidated in tandem with tumbling US grain markets. Raw
Published 13 Jan, 2012 12:00am
Palm oil eases

Palm oil eases

Malaysian crude palm oil futures fell on Thursday, tracking an earlier decline in soy futures as rains in Argentina provided temporary relief to the drought-stressed crops while investors remained cautious ahead of a key US report. The US Department of Ag
Published 13 Jan, 2012 12:00am
Soya tumbles

Soya tumbles

US soyabean futures fell more than 2 percent on Wednesday, their steepest slide in 1-1/2 months, as rains in Argentina aided drought-stressed crops in key production areas of the world's No. 3 exporter of the oilseed, traders said. Corn was marginally low
Published 13 Jan, 2012 12:00am
Tokyo, Shanghai rubber up

Tokyo, Shanghai rubber up

Key Tokyo rubber futures rose for a third consecutive session and ended 1.3 percent higher on Thursday, helped by a rise in the Singapore market and further improvement in technical factors, but trading was slow ahead of a European Central Bank meeting. T
Published 13 Jan, 2012 12:00am
Oil turns negative on Iran embargo delay report

Oil turns negative on Iran embargo delay report

Oil prices turned negative in late Thursday trade, selling off early gains following a report that the European Union could delay a ban on Iranian exports by six months. Earlier, oil rebounded after Nigeria's main oil union threatened to shut output and a
Published 13 Jan, 2012 12:00am
Copper soars

Copper soars

Copper rose to its highest level in more than two months on Thursday, boosted by the euro's strength against the dollar and a Spanish bond auction that drew strong demand, easing some immediate concerns about peripheral euro zone debt. Benchmark copper on
Published 13 Jan, 2012 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded March copper contract on the Shanghai Futures Exchange climbed 0.95 percent to 57,400 yuan ($9,100) a tonne. Copper hit a one-month high on Wednesday, building on the previous session's three-percent price surge after data that showed Chin
Published 13 Jan, 2012 12:00am
Chinese cotton imports offset bearish USDA report

Chinese cotton imports offset bearish USDA report

China's cotton imports soared in December and the country will soon issue another import quota of 1.1 million tonnes (5 million 480-lb bales), offsetting the bearish impact of a US crop report. The US Agriculture Department's monthly supply/demand report
Published 13 Jan, 2012 12:00am
Taliban say Marine tape won't hurt talks

Taliban say Marine tape won't hurt talks

A video showing what appears to be American forces urinating on dead Taliban fighters prompted anger in Afghanistan and promises of a US investigation on Thursday, but the insurgent group said it would not harm nascent efforts to broker peace talks. The v
Published 13 Jan, 2012 12:00am
Israel's top court backs bar on Palestinian spouses

Israel's top court backs bar on Palestinian spouses

Israel's top court has upheld a law denying citizenship to Palestinians married to Israelis, with one judge saying it helped the Jewish state to fend off "suicide". By a 6-to-5 vote, the Supreme Court late on Wednesday rejected petitions against the 2003
Published 13 Jan, 2012 12:00am
BBC TV show 'Top Gear' incurs India wrath

BBC TV show 'Top Gear' incurs India wrath

Indian diplomats protested on Thursday about a special edition of the BBC's popular "Top Gear" motoring show, claiming it had given a "disgusting" portrayal of their country. "Top Gear" presenter Jeremy Clarkson, who has upset Mexico in the past and last
Published 13 Jan, 2012 12:00am
Clean energy investment hits record $260 billion

Clean energy investment hits record $260 billion

Global investment in clean energy hit a record $260 billion in 2011, up 5 percent from the previous year as investment in solar grew by more than a third despite shrinking profit margins, some bankruptcies and flagging share prices, a report said. The Uni
Published 13 Jan, 2012 12:00am
Food prices hit record highs in 2011

Food prices hit record highs in 2011

The price of basic foodstuffs hit a record high in 2011, with the cost of cereals surging by more than a third over the last 12 months, the UN's Food and Agriculture Organisation said on Thursday. The FAO said that its monthly Food Price Index averaged 22
Published 13 Jan, 2012 12:00am
Thousands of Yemenis protest against Saleh immunity

Thousands of Yemenis protest against Saleh immunity

Thousands of Yemenis demonstrated on Thursday in several cities to voice their rejection of a Gulf Arab deal to grant President Ali Abdullah Saleh immunity from prosecution, witnesses said. In the capital Sanaa, protesters marched from Change Square, the
Published 13 Jan, 2012 12:00am
Some Arab monitors quit Syria over persisting violence

Some Arab monitors quit Syria over persisting violence

Several Arab League monitors have left Syria or may do so soon because the mission has failed to halt President Bashar al-Assad's violent crackdown on a popular revolt against his rule, an Algerian former monitor said on Thursday. Syrian opposition groups
Published 13 Jan, 2012 12:00am
Obama, Democrats raise $68 million for US elections

Obama, Democrats raise $68 million for US elections

Republicans got a stark reminder Thursday of President Barack Obama's juggernaut re-election campaign, as he and his Democratic party scooped up nearly $70 million in the last months of 2011. While the Republican White House hopefuls stumped in South Caro
Published 13 Jan, 2012 12:00am
Russian ship carrying arms reaches Syria

Russian ship carrying arms reaches Syria

A Russian ship, allegedly carrying tons of weapons, made a dash for Syria after Cypriot officials allowed it to leave their waters, Turkish officials said Thursday. The ship had made an unscheduled stop in Cyprus Tuesday, technically violating an EU embar
Published 13 Jan, 2012 12:00am
Iranian leader says Cuba and Iran think alike

Iranian leader says Cuba and Iran think alike

Iran's President Mahmoud Ahmadinejad said on Thursday both Cuba-Iranian relations and Fidel Castro were in good shape after he met with the former Cuban leader and his younger brother President Raul Castro during a one-day visit to the communist island.
Published 13 Jan, 2012 12:00am
Umar Gul ready for England challenge

Umar Gul ready for England challenge

Pakistan pace spearhead Umar Gul Thursday showed readiness for the strong challenge that world number one Test team England pose in the three-Test series starting here next week. The 27-year-old paceman, now leading the attack after Mohammad Asif and Moha
Published 13 Jan, 2012 12:00am
Aussies 'set to ignore golden rules' versus India

Aussies 'set to ignore golden rules' versus India

Australian captain Michael Clarke says he is considering ignoring two of his own golden rules for the third Test against India at Perth's WACA Ground, starting on Friday. Both teams are considering playing four fast bowlers in the match, with the WACA pit
Published 13 Jan, 2012 12:00am
Spurs sink Everton

Spurs sink Everton

Tottenham's surprise challenge for the Premier League title gathered pace as a 2-0 win over Everton moved the north Londoners within three points of leaders Manchester City on Wednesday. Harry Redknapp's side are now level on points with second placed Man
Published 13 Jan, 2012 12:00am
India consider pace blitz

India consider pace blitz

India are considering an unusual four-pronged pace attack for the third Test against Australia but won't settle on their final line-up until just before the match, said captain M.S. Dhoni. A grassy pitch has greeted the Indians at Perth's WACA Ground, wit
Published 13 Jan, 2012 12:00am
Panesar stakes Test claims as England dominate

Panesar stakes Test claims as England dominate

Left-arm spinner Monty Panesar said he was hungry to play Test cricket for England after presenting his case with a five wicket haul against Pakistan Cricket Board XI in the three-day tour match on Thursday. The 29-year-old from Bedfordshire finished with
Published 13 Jan, 2012 12:00am
Gerrard gives Liverpool League Cup edge

Gerrard gives Liverpool League Cup edge

Steven Gerrard's penalty handed Liverpool an important advantage in their League Cup semi-final with Manchester City as the visitors came away from Eastlands with a 1-0 first leg lead. Liverpool, who have won the League Cup competition a record seven time
Published 13 Jan, 2012 12:00am
English cricketer pleads guilty to corruption

English cricketer pleads guilty to corruption

An English county cricketer pleaded guilty on Thursday to a corruption charge linked to his bowling in a 40-over one-day game. Mervyn Westfield, 23, who played for Essex, admitted accepting or obtaining a corrupt payment to bowl in a way that would allow
Published 13 Jan, 2012 12:00am
Tomic ousts Monfils to reach final

Tomic ousts Monfils to reach final

Teenage Australian tennis star Bernard Tomic beat France's Gael Monfils 6-4, 4-6, 7-6 (7/2) Thursday to book a place in the final of the Kooyong Classic, a warm-up event ahead of the Australian Open. The 19-year-old, who is tipped to fill the shoes of age
Published 13 Jan, 2012 12:00am
Li overcomes Kvitova to reach Sydney final

Li overcomes Kvitova to reach Sydney final

China's Li Na fought back from a set and a break down to delay Petra Kvitova's bid for the world number one ranking in a tenacious semi-final victory at the Sydney International on Thursday. French Open champion Li recovered to down Wimbledon winner Kvito
Published 13 Jan, 2012 12:00am
South Africa sweep to huge win

South Africa sweep to huge win

Hashim Amla hit a century before South Africa's opening bowlers sent Sri Lanka crashing as the host nation swept to a huge 258-run win in the first one-day international at Boland Park here on Wednesday. Replying to a South African total of 301 for eight,
Published 13 Jan, 2012 12:00am
Levante reach first Cup quarter-final since 1941

Levante reach first Cup quarter-final since 1941

Levante's extraordinary season continued when they thrashed second-division Alcorcon 4-0 on Wednesday to secure a 5-2 aggregate victory and advance to the King's Cup quarter-finals for the first time in more than 70 years. One of the poorest teams in the
Published 13 Jan, 2012 12:00am
ECB gives no rate cut clues, cites interbank progress

ECB gives no rate cut clues, cites interbank progress

The European Central Bank disappointed traders hoping for fresh clues on the path of interest rates on Thursday, but signs were growing that efforts to free up interbank funding markets were beginning to take hold. The central bank kept interest rates ste
Published 13 Jan, 2012 12:00am
Taiwan dollar, rupee gain in Asian trade

Taiwan dollar, rupee gain in Asian trade

The Taiwan dollar and the Indian rupee gained on Thursday helped by inflows, but the outlook for emerging Asian currencies remained weak on sustained worries about the euro zone's sovereign funding problems and a slowing global growth. The Thai baht under
Published 13 Jan, 2012 12:00am
Indian rupee up

Indian rupee up

The Indian rupee closed higher on Thursday as foreign funds continued to invest in local debt, though weak domestic shares and dollar demand from oil importers put a lid on gains. The Reserve Bank of India probably sold dollars around the 51.74 rupee leve
Published 13 Jan, 2012 12:00am
Australian and New Zealand dollars hug record highs

Australian and New Zealand dollars hug record highs

The Australian and New Zealand dollars held near lifetime highs against the euro on Thursday, as well as multi-months peaks on sterling and the Swiss franc, ahead of a Spanish bond auction seen as a key test of confidence. The euro continued to struggle a
Published 13 Jan, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 83.40-83.65 (previous 83.10-83.38). Call Money Rates: 20.00 percent (previous 12.00-20.00 percent.
Published 13 Jan, 2012 12:00am
Euro sinks in New York

Euro sinks in New York

The euro sank to its lowest in 16 months against the dollar on Wednesday, weighed down by persistent talk of an imminent cut to France's triple-A rating and a warning from Fitch about a collapse of the single currency if the European Central Bank does not
Published 13 Jan, 2012 12:00am
Late morning trade in New York: Euro leaps on Draghi comments

Late morning trade in New York: Euro leaps on Draghi comments

The euro leaped against the dollar on Thursday as a solid sale of Spanish debt assuaged funding fears and calming comments from European Central Bank President Mario Draghi prompted investors to pare positions against the common currency. With net short p
Published 13 Jan, 2012 12:00am
Euro rises in London

Euro rises in London

The euro rose against the dollar on Thursday, boosted by strong demand at an auction of Spanish bonds, but could face some selling if the European Central Bank hints at more interest rate cuts to prop up the bloc's economy as the debt crisis deepens. The
Published 13 Jan, 2012 12:00am
Euro claws higher in Asia

Euro claws higher in Asia

The euro struggled higher in Asia on Thursday, moving away from a fresh 16-month low hit overnight, but its gains were capped ahead of a bond sale by Spain that is seen as a test of confidence in Europe's ability to meet its funding needs. The single curr
Published 13 Jan, 2012 12:00am
Sterling slips

Sterling slips

Sterling slipped against a broadly firmer euro on Thursday on weak UK data, strong demand at a Spanish debt auction and cautious optimism about the eurozone from European Central Bank President Mario Draghi. Unexpectedly weak UK industrial production figu
Published 13 Jan, 2012 12:00am
Yuan softens

Yuan softens

The yuan edged down slightly on Thursday, as a stronger dollar elicited a weaker mid-point from the central bank. The central bank set its daily mid-point at 6.3230, 75 pips weaker than Wednesday, as the dollar index rose moderately overnight. Spot yuan f
Published 13 Jan, 2012 12:00am
FTSE falls as retail gloom eclipses bank lift

FTSE falls as retail gloom eclipses bank lift

Britain's leading shares fell on Thursday after a profit warning from Tesco triggered sharp falls in retailers and eclipsed a lift for banks from a successful Spanish debt auction and restructuring at RBS. The FTSE 100 index closed down 8.40 points, or 0.
Published 13 Jan, 2012 12:00am
Tesco leads European shares lower

Tesco leads European shares lower

European shares fell on Thursday after a profit warning from retail heavyweight Tesco and weak US retail and labour data more than offset relief from successful Spanish and Italian debt auctions. The FTSEurofirst 300 index of top European shares fell 0.3
Published 13 Jan, 2012 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks ended down 0.02 percent in light trading on Thursday as investors remained sidelined amid a tight race for the island's presidential vote on Saturday. The main TAIEX index inched 1.63 points lower at 7,186.58, after rising in the last two se
Published 13 Jan, 2012 12:00am
Hong Kong and Shanghai shares down; China Unicom extends slump

Hong Kong and Shanghai shares down; China Unicom extends slump

Hong Kong shares fell for the first time in four sessions on Thursday, with China Unicom among the top drags on the benchmark Hang Seng Index and Chinese inflation data giving investors little incentive to chase a New Year rally further. China Unicom, the
Published 13 Jan, 2012 12:00am
Indian shares drop

Indian shares drop

Indian shares fell 0.9 percent on Thursday, led by export-driven software services companies after bellwether Infosys cut its outlook for revenue citing the debt troubles in Europe. Sharply better-than-expected industrial output in November failed to bols
Published 13 Jan, 2012 12:00am
Treasuries move up

Treasuries move up

US Treasuries stood fast in the plus column on Wednesday as worries about Europe's economy and debt crisis fed a bid for safe-haven government debt. That demand allowed the US Treasury to auction $21 billion in re-opened 10-year notes at a record low yiel
Published 13 Jan, 2012 12:00am
Treasuries move up

Treasuries move up

US Treasuries stood fast in the plus column on Wednesday as worries about Europe's economy and debt crisis fed a bid for safe-haven government debt. That demand allowed the US Treasury to auction $21 billion in re-opened 10-year notes at a record low yiel
Published 13 Jan, 2012 12:00am
Australian shares dip

Australian shares dip

Australian shares slipped 0.2 percent on Thursday, dragged down by top insurer QBE Insurance Group which was pummelled after a shock profit warning and lingering concerns about Europe's debt woes. Top miners managed gains while leading banks were mostly a
Published 13 Jan, 2012 12:00am
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