News Archives for Latest - 2012-02-06

Archive - 2012-02-06

Top News

NZ Q4 wage growth, employments pose no rate risk

WELLINGTON: New Zealand's wage growth remained placid in the December quarter as the jobs market showed some signs of gr

Published 06 Feb, 2012 10:56pm

Financial

Dollar hurts most markets; Brent up on cold Europe

NEW YORK: London's Brent crude hit six-month highs on Monday as cold winter weather in Europe boosted demand expectation

Published 06 Feb, 2012 10:50pm

North America

US paints false picture of Afghan war: officer

WASHINGTON: A US Army officer has accused the American military of painting a misleading picture of progress in the war

Published 06 Feb, 2012 10:46pm

World

Brazil police strike leader vows resistance

SALVADOR DE BAHIA: Police strikers occupying the state legislature in the Brazilian city of Salvador vowed Monday to res

Published 06 Feb, 2012 09:36pm

Financial

Asia markets closed for holiday

HONG KONG: Financial markets in Bangkok and Kuala Lumpur are closed on Tuesday for a public holiday. Copyright AFP (

Published 06 Feb, 2012 09:32pm

Financial

US stock market down as traders take profit

NEW YORK: US stock markets closed in the red Monday as traders booked profits after last week's surge and looked warily

Published 06 Feb, 2012 09:29pm

Movies & Music

Madonna dazzles in Super Bowl half-time show

INDIANAPOLIS: Madonna on Sunday dazzled the Super Bowl crowd with an high-octane half-time show that started with an arm

Published 06 Feb, 2012 09:24pm

Life & Style

Strong opening for Thatcher movie in Argentina

BUENOS AIRES: "The Iron Lady," the Hollywood biopic of former British prime minister Margaret Thatcher, had a strong ope

Published 06 Feb, 2012 09:20pm

Africa

Blasts rock northern Nigeria, police station attacked

KANO : Gunmen blew up a police station and shot one officer in Nigeria 's flashpoint city of Kano on Monday as blasts

Published 06 Feb, 2012 09:16pm

North America

Obama to host dinner to honor Iraq sacrifices

WASHINGTON: US President Barack Obama and his wife Michelle will host a special White House dinner later this month to h

Published 06 Feb, 2012 08:51pm

Industry

S&P threatens Fiat downgrade on weak auto market

MILAN: Italy's Fiat has been hit by weak markets in Europe and Brazil and reliance on its US partner Chrysler, Standard

Published 06 Feb, 2012 08:51pm

Industry

iPhone leaps to third place in mobile market

SAN FRANCISCO: An outbreak of iPhone fever made Apple the third hottest mobile phone maker worldwide at the end of 2011,

Published 06 Feb, 2012 08:50pm

Industry

Italian professor launches challenge to Google

ROME: An Italian computer science professor whose research helped inspire Google launched a new search engine and social

Published 06 Feb, 2012 08:49pm

Commodities

NY orange juice settles up, eyes Brazil juice

NEW YORK: Orange juice futures settled higher for the first time in five sessions on Monday as investor short-covering g

Published 06 Feb, 2012 08:41pm

Commodities

NY cotton closes touch easier, awaits reports

NEW YORK : Cotton futures settled marginally lower in the nearby month on Monday as the market consolidated while awaiti

Published 06 Feb, 2012 08:39pm

Commodities

ICE canola rises to nearly 2-week high

WINNIPEG: ICE Canada canola futures climbed on Monday to a nearly two-week high, supported by firm soybean prices and a

Published 06 Feb, 2012 08:33pm

Life & Style

Gorillas, clowns among coveted Rio Carnival masks

RIO DE JANEIRO: With the official opening of the famed Rio carnival less than two weeks away, business is booming at Bra

Published 06 Feb, 2012 08:10pm

Commodities

Soy, wheat climb on weather worries

WINNIPEG/CHICAGO: Chicago soybean futures rose to the highest level in more than three months on Monday and wheat also g

Published 06 Feb, 2012 07:12pm

Commodities

European feeds rise on smaller crops concern

ROTTERDAM: Soymeal on the European meals and feeds market continued to firm on Monday following the trend in Chicago mar

Published 06 Feb, 2012 06:56pm

Financial

Global forex volumes dip, up in N.America

NEW YORK/LONDON: Foreign exchange turnover slipped in much of the world in late 2011, a move analysts attributed to inte

Published 06 Feb, 2012 06:55pm

Top News

Sindh govt decides to put Capital Value and Infrastructure Taxes on automation

RECORDER REPORT KARACHI: After the success story of online collection of Sales tax on services, Sindh government has de

Published 06 Feb, 2012 06:18pm

Top News

1pc withholding tax on goods imported for zero rated regime

KARACHI: FPCCI Vice President and Chairman FPCCI Standing Committee on Liaison with FBR, Shakeel Ahmed Dhingra has appre

Published 06 Feb, 2012 05:48pm

Commodities

Sugar up, rest off as delays in Greece weigh

NEW YORK/LONDON: Sugar futures clawed higher on Monday while cocoa and coffee eased as the market took stock of further

Published 06 Feb, 2012 05:41pm

Commodities

Gold drops on Greek debt worries, dollar index up

NEW YORK/LONDON: Gold prices fell on Monday, after the dollar rose on a continued lack of progress in the Greek bailout

Published 06 Feb, 2012 05:40pm

Top News

No violation of debt limitation Act: NA told

ISLAMABAD: National Assembly was informed Monday that the government had not violated the Fiscal responsibility and Debt

Published 06 Feb, 2012 05:00pm

Financial

European stocks close lower

PARIS: European stock markets closed flat to lower on Monday, with London's FTSE 100 index of leading shares down 0.15 p

Published 06 Feb, 2012 04:52pm

Financial

Euro, shares slip as clock ticks on Greece

NEW YORK: Fears that Greece might not accept the terms of a proposed new bailout deal brought a rally in global shares a

Published 06 Feb, 2012 04:03pm

Top News

Pakistan, Qatar sign accords on LNG import, security cooperation

DOHA: Pakistan and Qatar on Monday signed agreements to collaborate in multiple areas mainly import of Liquefied Natural

Published 06 Feb, 2012 03:55pm

Industry

Airbus wins 91 orders in January

PARIS: European plane maker Airbus said Monday it had started off the year strongly with 91 new orders in January when i

Published 06 Feb, 2012 03:52pm

Top News

SC directs suspension of notifications of 28 elected legislators

ISLAMABAD: The Supreme Court on Monday directed for suspension of notifications of 28 members of National Assembly, prov

Published 06 Feb, 2012 03:46pm

Top News

Brent ends at 6-mth high on cold Europe, Iran, Syria

NEW YORK: Brent crude oil futures rose on Monday, gaining for a fifth straight session and ending at the highest level i

Published 06 Feb, 2012 03:45pm

Top News

ISE-10 gains 33 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index was up by 33.26 points

Published 06 Feb, 2012 03:45pm

Top News

Hafeez Shaikh appointed Advisor to PM

ISLAMABAD: President Asif Ali Zardari has appointed Dr. Abdul Hafeez Shaikh as Advisor to the Prime Minister on Finance,

Published 06 Feb, 2012 03:44pm

Top News

Loadshedding to end from Tuesday: Qamar

ISLAMABAD : Minister for Water and Power Syed Naveed Qamar on Monday said that the country-wide loadshedding would be en

Published 06 Feb, 2012 03:43pm

Top News

Lahore Factory collapse kills 13, traps dozens

LAHORE: Ten women and three children were killed with dozens of others trapped under rubble when a factory collapsed in

Published 06 Feb, 2012 03:42pm

Cricket

Pakistan achieved great victory in test series: Misbah

ISLAMABAD: Captain Pakistan Cricket Team Misbah- ul-Haq on Monday said that Pakistan's historic clean-sweep against Engl

Published 06 Feb, 2012 03:41pm

Top News

Obama signs executive order freezing Iran assets in US

WASHINGTON: US President Barack Obama signed an executive order on Monday imposing new, stricter sanctions on Iran and i

Published 06 Feb, 2012 03:40pm

Top News

Balochistan Assembly seeks PM's visit to Quetta

QUETTA: The lawmakers of the Balochistan Assembly on Monday passed a resolution unanimously demanding of the Prime Minis

Published 06 Feb, 2012 03:34pm

Top News

FM to visit Russia on Tuesday

ISLAMABAD: Foreign Minister Hina Rabbani Khar will pay an official visit to the Russian Federation at the invitation of

Published 06 Feb, 2012 03:33pm

World

Brazil privatizes three airports ahead of 2014 World Cup

SAO PAULO: The Brazilian government privatized three airports, including Sao Paulo's Guarulhos, ahead of the 2014 World

Published 06 Feb, 2012 03:31pm

Top News

IMF for hike in interest rate to control inflation

WASHINGTON: Pakistan needs to take immediate measures to stabilize growing budget pressures and to raise interest rates

Published 06 Feb, 2012 03:25pm

Business & Finance

CM for completion of development schemes at earliest

KARACHI: Chief Minister Sindh, Syed Qaim Ali Shah, has expressed his dissatisfaction on the performance of some gover

Published 06 Feb, 2012 03:25pm

Top News

Pakistan, Qatar agree on cooperation in energy, trade

DOHA : Prime Minister Syed Yousuf Raza Gilani and his Qatari counterpart Sheikh Hamad bin Jassim bin Jabar Al Thani on M

Published 06 Feb, 2012 03:05pm

Top News

Wassan for controlling street crimes, mobile & vehicle snatching

KARACHI: Sindh Home Minister, Manzoor Hussain Wassan, has called for effectively controlling the street crimes as well a

Published 06 Feb, 2012 03:00pm

Top News

US closes Syria embassy, pulls out all staff

WASHINGTON: The United States closed its embassy in Syria and pulled out remaining staff on Monday over serious securi

Published 06 Feb, 2012 03:00pm

Markets

Gold dips at Rs 50,142 per 10 grams

KARACHI: Gold plunged by Rs 772 to close at Rs 50,142 per 10 grams in the local market Monday as its international price

Published 06 Feb, 2012 02:57pm

Financial

Stocks down on Greece jitters, Russian CDS rise

LONDON: Emerging stocks fell from a five-month high on Monday, as uncertainty over a bailout for debt-stricken Greece de

Published 06 Feb, 2012 02:57pm

Middle East

Syrian forces bombard protest hubs: activists

DAMASCUS: Syrian forces Monday pounded powderkeg Homs with rockets and mortars and shelled another protest hub, activist

Published 06 Feb, 2012 02:51pm

Top News

Slovenia Jan jobless up 2.8pc

LJUBLJANA: The number of jobless people in Slovenia rose in January although the number of jobs vacancies was up as well

Published 06 Feb, 2012 02:40pm

Cricket

President greets cricket team, entire nation over historic win against England

ISLAMABAD: President Asif Ali Zardari has congratulated the Pakistan cricket team and the entire nation on the brilliant

Published 06 Feb, 2012 02:34pm

Money & Banking

Euribor rates fall to 11-month lows

FRANKFURT: Euro priced bank-to-bank lending rates continued their slide towards the 1 percent mark on Monday, as the mon

Published 06 Feb, 2012 02:31pm

Money & Banking

Peru central bank buys $73 million

LIMA: Peru's central bank bought $73 million in the local spot market on Monday, but the sol still closed 0.04 percent s

Published 06 Feb, 2012 02:30pm

Top News

Europe crisis could halve China's growth: IMF

WASHINGTON: An escalation of Europe's debt crisis could slash China's economic growth in half this year, the Internation

Published 06 Feb, 2012 02:29pm

Cricket

Ebad, Dr.Shah, Qasim congrats Pakistan team

KARACHI: Sindh Governor Dr.Ishrat-ul-Ebad Khan and Sindh Sports Minister Dr.Muhammad Ali Shah have greeted Misbah-ul- Ha

Published 06 Feb, 2012 02:27pm

Financial

Bunds rally as Greek debt talks drag on

LONDON: German government bonds rallied on Monday with a lack of progress in crucial Greek debt talks helping the market

Published 06 Feb, 2012 02:27pm

Managed Funds

Bonds steady on Greek debt deal concerns

NEW YORK: US government debt prices held steady on Monday as the lack of progress in Greece to meet required terms for a

Published 06 Feb, 2012 02:25pm

Money & Banking

Jordan's Housing Bank 2011 net profit up 13pc

AMMAN: Jordan's Housing Bank for Trade and Finance on Monday posted a 13 percent year-on-year rise in 2011 net profit to

Published 06 Feb, 2012 02:24pm

Financial

Greek uncertainty undermines euro, dollar firm

LONDON : The euro fell on Monday on mounting investor concern that Greek coalition parties had yet to sign off on the te

Published 06 Feb, 2012 02:23pm

Cricket

Khar congratulates Pakistani cricket team

ISLAMABAD: Foreign Minister Hina Rabbani Khar conveyed her heartfelt felicitations to Pakistan cricket team on its histo

Published 06 Feb, 2012 02:21pm

World

Russia, China will regret UN Syria vote: Rice

WASHINGTON: Russia and China will regret a weekend vote in the UN Security Council that would have condemned Syria for i

Published 06 Feb, 2012 02:16pm

Cricket

Pakistan jumps to 5th in CC Test ranking after England whitewash

KARACHI: Pakistan has narrowed the gap with the top four sides in the ICC Test Championship table after beating number-o

Published 06 Feb, 2012 02:14pm

Europe

Putin boasts he returned Gazprom to state control

NOVO-OGARYOVO: Russia's Prime Minister Vladimir Putin on Monday claimed the return of state shareholder control over Gaz

Published 06 Feb, 2012 02:14pm

Markets

LSE witnesses bullish trend

LAHORE: Bullish trend prevailed in the Lahore Stock Exchange on Monday, as it gained 63.02 points following the LSE-25 i

Published 06 Feb, 2012 02:10pm

Financial

Gold slips as Greek bailout talks hurt euro, stocks

LONDON: Gold prices slipped on Monday, extending the previous session's 2 percent price drop, as concerns over the progr

Published 06 Feb, 2012 02:06pm

North America

US has good fix on Iranian nuclear program

WASHINGTON: President Barack Obama said the United States had a good fix on the progress of Iran's nuclear program and h

Published 06 Feb, 2012 02:05pm

Top News

Britain's Queen Elizabeth II marks 60-year reign

KING'S LYNN: Queen Elizabeth II renewed her vow to serve on Monday as she made a low-key start to five months of diamond

Published 06 Feb, 2012 01:58pm

Europe

Britain seeking new UN, EU pressure on Syria

LONDON: Britain is seeking new ways to put pressure on Syria through the UN and EU after Russia and China vetoed any act

Published 06 Feb, 2012 01:53pm

Cricket

Pakistan whitewash England in Test series

DUBAI: Pakistan's bowlers sealed an emphatic 71-run win in the third and final Test against England here on Monday, wrap

Published 06 Feb, 2012 01:30pm

Top News

Surgical exports increase 19.17 percent

ISLAMABAD: The export of surgical goods from the country during the first half of current financial year increased by 19

Published 06 Feb, 2012 01:26pm

Top News

SBP launches SME clusters survey

KARACHI: The State Bank of Pakistan (SBP) has launched a new project on clusters survey of 10 important small & medium e

Published 06 Feb, 2012 01:19pm

Business & Finance

Country likely to remain under grip of cold wave: Met Office

ISLAMABAD: Pakistan Meteorological Department (PMD) on Monday forecast cold weather condition for most parts of the coun

Published 06 Feb, 2012 01:10pm

Industries & Sectors

Shipping activity at Port Qasim

KARACHI: Shipping activity remained active at the Port Qasim where four ships carrying containers, project cargo and fur

Published 06 Feb, 2012 01:07pm

Pakistan

Senate session starts

ISLAMABAD: The session of Senate started here on Monday with the recitation of the Holy Quran. Deputy Chairman Jan Moha

Published 06 Feb, 2012 01:05pm

Cricket

Yuvraj Singh's cancer is curable: doctor

NEW DELHI: Yuvraj Singh's cancer is curable and the hard-hitting Indian batsman is likely to be back in training in May,

Published 06 Feb, 2012 01:01pm

Europe

Merkel dismisses concerns over open backing for Sarkozy

PARIS: Germany's Chancellor Angela Merkel dismissed criticism Monday of her open support for French President Nicolas Sa

Published 06 Feb, 2012 01:01pm

Europe

Hungary ready for more concessions to EU for aid-report

BUDAPEST: Hungary will give ground on one further point to the European Union in a dispute over domestic laws that criti

Published 06 Feb, 2012 01:00pm

Top News

China extends Iran oil import cuts, supply talks to resume

BEIJING: China will halve its crude oil imports from Iran in March compared to average monthly purchases a year ago, as

Published 06 Feb, 2012 01:00pm

Financial

Egypt trims 5-year bond sale

CAIRO: Egypt's central bank sold only half the reopened five-year bonds it offered at an auction on Monday and none of t

Published 06 Feb, 2012 01:00pm

Top News

Pakistan whitewash England with third Test win

DUBAI : Pakistan beat England by 71 runs in the third and final Test to sweep the series 3-0 on the fourth day at Du

Published 06 Feb, 2012 12:56pm

Top News

Paris, Berlin won't accept blocking of Syria action: Sarkozy

PARIS: France and Germany will not accept the "blocking" of international action on Syria, French President Nicolas Sark

Published 06 Feb, 2012 12:54pm

Top News

India investment-grade rating under pressure: S&P

NEW DELHI: India's prized investment-grade credit rating is facing pressure due to weak government policy-making, slower

Published 06 Feb, 2012 12:53pm

Cricket

Pakistan whitewash England with third Test win

DUBAI: Pakistan beat England by 71 runs in the third and final Test to sweep the series 3-0 on the fourth day at Dubai S

Published 06 Feb, 2012 12:44pm

Top News

Philippine quake kills 43

MANILA: A 6.8-magnitude earthquake struck off the coast of the central Philippines on Monday, killing at least 43 people

Published 06 Feb, 2012 12:22pm

Top News

Greece already 'past deadline' for debt deal: EU executive

BRUSSELS: The European Commission warned Monday that Greece is already late in meeting Brussels demands for a political

Published 06 Feb, 2012 12:00pm

Top News

RECORDER REPORT: KSE close of day

KARACHI : Bullish trend was witnessed at the Karachi share market on Monday where KSE-100 index surged by 154.30 point

Published 06 Feb, 2012 11:29am

Financial

Profit-taking weighs on Asia FX due to Greek worries

SINGAPORE : The South Korean won and the Singapore dollar slipped on Monday as short-term investors booked profits fro

Published 06 Feb, 2012 11:19am

Top News

Economy to grow at four percent: Hafiz Shaikh

ISLAMABAD: Federal Minister for Finance, Dr Abdul Hafeez Shaikh said Monday that country's economy would grow at 4 pe

Published 06 Feb, 2012 09:10am

Top News

Seven dead in strong Philippine quake

MANILA: The death toll from a powerful quake that struck the central Philippines on Monday rose to at least seven, civil

Published 06 Feb, 2012 09:06am

Financial

Euro, shares lower ahead of Greek high noon

LONDON: The euro and European shares retreated on Monday on nerves Greek would fail to come up with the political commit

Published 06 Feb, 2012 09:04am

Top News

Pakistan approves sugar exports for first time since 2009

ISLAMABAD/DUBAI: Pakistan has approved the export of sugar for the first time in nearly three years, spurred by an expec

Published 06 Feb, 2012 09:00am

Cricket

Pakistan foil England's run chase

DUBAI: Pakistan hit back with two quick England wickets to set up an interesting finish to the third and final Test play

Published 06 Feb, 2012 08:50am

Top News

EU says China may become its biggest market in 2012

BEIJING: The EU ambassador to China said Monday the Asian powerhouse could become Europe's biggest export market this ye

Published 06 Feb, 2012 08:47am

Energy

Oil may hit $160 amid tension

KUWAIT CITY: Oil prices could soar to as high as $160 a barrel if tension over an Iranian oil embargo persists or in the

Published 06 Feb, 2012 08:33am

Financial

European stocks fall at open

LONDON: Europe's main stock markets dropped at the start of trading on Monday as investors waited on a Greek debt agreem

Published 06 Feb, 2012 08:31am

Cricket

England reach 89-2 at lunch in third Test

DUBAI: England, chasing 324 to win, reached 89-2 at lunch on the fourth day of the third and final Test against Pakistan

Published 06 Feb, 2012 08:08am

Top News

RECORDER REPORT: mid day update

KARACHI: On Monday until 12:40 P.M., KSE-100 Index recorded an upward trend and was at 12,194.97 with a positive change

Published 06 Feb, 2012 08:05am

Financial

Tokyo stocks end up 1.10pc

TOKYO: Tokyo stocks added 1.10 percent Monday, supported by positive performances on other Asian bourses, that followed

Published 06 Feb, 2012 08:01am

Cricket

New Zealand beat Zimbabwe by 141 runs

WHANGAREI: New Zealand beat Zimbabwe by 141 runs in the second one-day international at Cobham Oval on Monday to take an

Published 06 Feb, 2012 07:55am

Top News

Pakistan PM to Qatar to discuss Afghan peace

ISLAMABAD: Pakistani Prime Minister Yousuf Raza Gilani left for Qatar on Monday to discuss Afghan peace efforts in the u

Published 06 Feb, 2012 07:45am

Top News

China rejects US accusations it protects Syria regime

BEIJING: China Monday rejected US accusations that Beijing and Moscow were responsible for protecting the Syrian regime,

Published 06 Feb, 2012 07:39am

Asia

Scandal blow puts Indian government in danger

NEW DELHI: There is no clamour for an early general election in India, but the latest blow dealt to Prime Minister Manmo

Published 06 Feb, 2012 07:36am

Top News

Suzuki sales slip, downgrades annual forecast

TOKYO: Japan's Suzuki Motor said Monday its net profit fell 4.7 percent for the nine months to December and downgraded i

Published 06 Feb, 2012 07:32am

Europe

Greek parties face Monday EU bailout deadline

ATHENS: Greece's coalition parties must tell the European Union on Monday whether they accept the painful terms of a new

Published 06 Feb, 2012 07:24am

Financial

Australia shares rise 1.2pc on US data

SYDNEY: Australian shares rose 1.2 percent on Monday, buoyed by stronger-than-expected US jobs data that reinforced view

Published 06 Feb, 2012 07:21am

Commodities

Spot gold to rebound to $1,742/oz

SINGAPORE : Spot gold will rebound more to $1,742 per ounce, as indicated by its wave pattern and a Fibonacci retracemen

Published 06 Feb, 2012 07:14am

Industry

Facebook looks to mobile devices for revenue: FT

LONDON: Facebook, the social network giant, is set to begin showing advertisements to users on mobile devices before its

Published 06 Feb, 2012 07:12am

Commodities

LME aluminium to drop to $2,221.75/T~

SINGAPORE: LME aluminium will retrace to $2,221.75, as it could have started a downward wave "c". This wave followed th

Published 06 Feb, 2012 07:07am

Top News

Saudi cuts March prices for heavy, medium crudes

SINGAPORE: Top oil exporter Saudi Arabia has cut prices of its March Arab Medium and Heavy crudes to Asia unexpectedly,

Published 06 Feb, 2012 07:01am

Commodities

Shanghai copper to rise to 62,000 yuan/T

SINGAPORE: Shanghai copper will rise to 62,000 yuan per tonne as it is riding on an upward wave "5" in a rising channel.

Published 06 Feb, 2012 06:56am

Financial

Seoul shares rise on foreign buying but face resistance

SEOUL: Seoul shares traded slightly higher mid-session on Monday after hefty early gains faced resistance near the psych

Published 06 Feb, 2012 06:52am

Top News

Gold rebounds after heavy loss; Asia rushes to buy

SINGAPORE: Spot gold rebounded on Monday as Asian buyers rushed to snatch bargains after better-than-expected US jobs da

Published 06 Feb, 2012 06:50am

Managed Funds

JGBs fall after upbeat US jobs report

TOKYO: Japanese government bonds fell on Monday after a better-than-expected US jobs report lowered expectations of furt

Published 06 Feb, 2012 06:46am

Financial

Indian rupee rises on US jobs data

MUMBAI: The Indian rupee opened stronger on Monday after surprisingly robust US jobs data bolstered investor risk appeti

Published 06 Feb, 2012 06:44am

Financial

Vietnam to auction 7.8 trillion dong bonds this week

HANOI: Vietnam's Hanoi stock exchange will hold three auctions this week to sell bonds worth a combined 7.8 trillion don

Published 06 Feb, 2012 06:42am

Top News

Brent slips towards $114 on stronger dollar, Greece risk

SINGAPORE: Brent crude slipped towards $114 on Monday, weighed down by a stronger US dollar and the risk that a sovereig

Published 06 Feb, 2012 06:39am

Top News

100 feared trapped in Pakistan building collapse

LAHORE: Around 100 people, including women and children, were feared trapped Monday when a building collapsed in Pakis

Published 06 Feb, 2012 06:17am

Top News

Romania's Prime minister resigns

BUCHAREST: Romania's centre-right Prime Minister Emil Boc resigned on Monday, saying he wanted to "defuse political and

Published 06 Feb, 2012 06:00am

Financial

Indian shares up 1pc; Piramal Healthcare rallies

MUMBAI: Indian shares rose 1 percent early on Monday after a robust US jobs data bolstered global risk appetite and lift

Published 06 Feb, 2012 05:59am

Top News

Citi receives approval to issue credit cards in China

SHANGHAI: The China unit of Citigroup Inc said on Monday it has received regulatory approval to issue credit cards in Ch

Published 06 Feb, 2012 05:54am

Financial

Spot Ore seen ticking higher, China steel eyed

SINGAPORE: Iron ore may extend modest gains this week as more Chinese steel producers return to the spot market to fill

Published 06 Feb, 2012 05:54am

Financial

Indian bond yields tread water; await cues on RBI debt buy

MUMBAI: Indian federal bond yields were almost steady in early trade on Monday, with traders refraining from taking big

Published 06 Feb, 2012 05:52am

Top News

12 killed, scores injured in bombing of Homs

BEIRUT: At least 12 people were killed and dozens were wounded on Monday as Syrian forces launched fresh bombing raids o

Published 06 Feb, 2012 05:47am

Managed Funds

DBS: Greater China to make up 35pc of revenue this year

TAIPEI: DBS Group Holdings Group said on Monday a focus on the China, Hong Kong and Taiwan markets will see its revenue

Published 06 Feb, 2012 05:45am

Money & Banking

Reserve Bank of India slightly relaxes FX curbs for banks with big open positions

MUMBAI: The Reserve Bank of India has marginally relaxed limits on net open foreign exchange positions for many banks th

Published 06 Feb, 2012 05:43am

Industry

Mitsubishi Motors to halt Europe output at year-end

TOKYO: Japanese carmaker Mitsubishi Motors Corp said on Monday it will end car production at its Netherlands plant at th

Published 06 Feb, 2012 05:38am

Commodities

Soy rises for 5th session on LatAm drought, wheat dips

SINGAPORE: Chicago soybeans rose for a fifth straight session on Monday, climbing to a three-month top on prospects of h

Published 06 Feb, 2012 05:35am

Energy

Uganda says oil could start flowing in a year

CAPE TOWN: Uganda's energy minister said late on Sunday that commercial oil production could begin as early as next year

Published 06 Feb, 2012 05:31am

Money & Banking

BoJ: downside to focusing on price stability alone

TOKYO: Focusing solely on ensuring price stability raises the risk of instability in the banking system, a senior offici

Published 06 Feb, 2012 05:25am

Top News

S&P affirms Reliance Rail's debt rtgs; outlook stays developing

MELBOURNE: Standard & Poor's Ratings Services said today that it had affirmed its 'CCC+' rating on the A$2.06 billion se

Published 06 Feb, 2012 05:19am

Industry

Japan's Kyushu Electric nearly triples December-March oil, gas buy

TOKYO: Japanese utility Kyushu Electric Power Co said it would nearly triple the volumes of oil and liquefied natural ga

Published 06 Feb, 2012 05:16am

Financial

Aussie dollar restrained by soft retail, rate meeting looms

SYDNEY: The Australian dollar paused under six-month highs on Monday, in part on profit taking as surprisingly soft reta

Published 06 Feb, 2012 05:13am

Financial

Euro down amid jitters over Greek debt talks

TOKYO: The euro fell against other currencies in Asia on Monday with investors jittery over dragging talks on the Greek

Published 06 Feb, 2012 05:09am

Top News

Mexico ruling party choses woman to run for presidency

MEXICO CITY: Mexico's ruling conservative party on Sunday chose Josefina Vazquez Mota, a 51-year-old economist and forme

Published 06 Feb, 2012 05:06am

Top News

Indonesia posts 6.5pc GDP growth in 2011

JAKARTA: Indonesia's gross domestic product grew by 6.5 percent in 2011 on the back of strong household consumption and

Published 06 Feb, 2012 05:01am

Asia

Strong 6.8 quake hits central Philippines

MANILA: A strong 6.8 earthquake hit the central Philippines Monday but there was no danger of a widespread tsunami, seis

Published 06 Feb, 2012 04:55am

North America

Santorum hopes to 'reset' Republican race in Minnesota

WACONIA: White House hopeful Rick Santorum refused to concede defeat after his latest primary bruising and on Sunday sai

Published 06 Feb, 2012 04:53am

Cricket

New Zealand 372 for six in ODI against Zimbabwe

WHANGAREI: New Zealand made 372 for six batting first in the second one-day international against Zimbabwe at Cobham Ova

Published 06 Feb, 2012 04:49am

Cricket

New Zealand set Zimbabwe daunting target

WHANGAREI: A powerful 146 off 134 balls by opener Rob Nicol led a New Zealand batting onslaught which produced 372 for

Published 06 Feb, 2012 04:45am

Middle East

Syrian deserters destroy army post, kill three

NICOSIA: Syrian army deserters destroyed a military control post in the northeast overnight, killing three officers and

Published 06 Feb, 2012 04:42am

Europe

Sarkozy ally facing charges in corruption probe

PARIS: A former French minister will appear before a campaign financing probe on Wednesday, feeding the air of suspicion

Published 06 Feb, 2012 04:37am

Financial

Asian markets rise on strong US jobs data

HONG KONG: Asian shares rose Monday, tracking gains on Wall Street after strong US jobs data but worries about Greece's

Published 06 Feb, 2012 04:35am

Financial

Tokyo stocks up 1.05pc by break

TOKYO: Tokyo stocks gained 1.05 percent Monday morning, buoyed by strong gains on Wall Street last week after robust US

Published 06 Feb, 2012 04:33am

Top News

Boeing faces new problem with Dreamliner

WASHINGTON: US aircraft manufacturer Boeing has discovered a manufacturing error causing delamination in a fuselage sect

Published 06 Feb, 2012 04:29am

Asia

Mass evacuation in Australia as flood waters rise

BRISBANE: Flood waters rose Monday in parts of Queensland but residents of a threatened town in the Australian state wer

Published 06 Feb, 2012 04:26am

Industry

Qantas chief slams pro-Australia laws

SYDNEY: Qantas chief Alan Joyce on Monday warned the airline would be forced to slash services and expressed "grave fear

Published 06 Feb, 2012 04:23am

Financial

Hong Kong shares 0.51pc higher by break

HONG KONG: Hong Kong stocks were 0.51 percent higher by the break Monday, following strong gains on Wall Street amid pos

Published 06 Feb, 2012 04:19am

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 12	277.86
USD PKR Interbank Buying / Aug 12	277.66
USD to Japanese Yen / Aug 13	159.33
USD to Swiss Franc / Aug 13	0.81
Pound Sterling to USD / Aug 13	1.35
Euro to USD / Aug 13	1.15
SOFR % / Aug 12	3.62

Stock	Volume
S&P 500 / Aug 12	7,748.50
Nasdaq / Aug 12	26,588.49
Dow Jones / Aug 12	53,770.27
India Sensex / Aug 13	77,689.35
Tokyo Nikkei / Aug 13	68,621.41
Hang Seng / Aug 13	25,406.75
FTSE 100 / Aug 13	10,788.71
Germany DAX 30 / Aug 13	26,428.08
France CAC40 / Aug 13	8,685.18

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 11	18,580
Gold 10 Grams PKR / Aug 12	397,750
Crude Oil USD/Barrel / Aug 13	82.94
Gold Spot USD/Ounce / Aug 13	4,386.51
Cotton US¢/pound / Aug 13	83.85
Petrol/Litre / Aug 14	325.43
Diesel/Litre / Aug 14	383.95

Gainers
Losers
Leaders

Stock	Price
Gammon Pak / Aug 13 Gammon Pakistan Limited(GAMON)	28.25 ▲ 2.57 (10.01%)
Ideal Dynamics / Aug 13 Ideal Dynamics Limited(IDEAL)	49.13 ▲ 4.47 (10.01%)
Leather Up Ltd. / Aug 13 Leather Up Limited(LEUL)	49.58 ▲ 4.51 (10.01%)
Al-Khair Gadoon / Aug 13 Al-Khair Gadoon Limited(AKGL)	79.51 ▲ 7.23 (10%)
Arctic Textile / Aug 13 Arctic Textile Mills Limited(ARCTM)	47.19 ▲ 4.29 (10%)
Aisha Steel (CPS) / Aug 13 Aisha Steel Mills Limited (CPS)(ASLCPS)	114.83 ▲ 10.44 (10%)
Asim Textile / Aug 13 Asim Textile Mills Limited(ASTM)	90.50 ▲ 8.23 (10%)
Buxly Paints / Aug 13 Buxly Paints Limited(BUXL)	336.04 ▲ 30.55 (10%)
J.A.Textile / Aug 13 J.A. Textile Mills Limited(JATM)	68.84 ▲ 6.26 (10%)
MACPAC Films / Aug 13 MACPAC Films Limited(MACFL)	73.07 ▲ 6.64 (10%)

Stock	Price
Supernet Tech. / Aug 13 Supernet Technologies Limited(STL)	29.87 ▼ -11.86 (-28.42%)
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	13.56 ▼ -1.51 (-10.02%)
Universal Ins. / Aug 13 The Universal Insurance Company Limited(UVIC)	20.71 ▼ -2.3 (-10%)
Mughal Energy / Aug 13 Mughal Energy Limited(GEM)(GEMMEL)	27.20 ▼ -2.72 (-9.09%)
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	5.11 ▼ -0.46 (-8.26%)
Tri-Star Mutual / Aug 13 Tri-Star Mutual Fund Limited(TSMF)	17.14 ▼ -1.43 (-7.7%)
Asia Ins. / Aug 13 Asia Insurance Company Limited(ASIC)	39.82 ▼ -3.18 (-7.4%)
ARM Green Industries / Aug 13 ARM Green Industries Limited(ARMG)	55.60 ▼ -4.43 (-7.38%)
Shadman Cotton / Aug 13 Shadman Cotton Mills Limited(SHCM)	64.02 ▼ -4.9 (-7.11%)
Pak Tobacco / Aug 13 Pakistan Tobacco Company Limited(PAKT)	1,364.29 ▼ -96.5 (-6.61%)

Stock	Volume
Cnergyico PK / Aug 13 Cnergyico PK Limited(CNERGY)	247,072,281 ▲ 0.57
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	103,802,064 ▼ -0.46
Pak Refinery / Aug 13 Pakistan Refinery Limited(PRL)	40,235,369 ▲ 5.93
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	39,092,471 ▼ -1.51
WorldCall Telecom / Aug 13 Worldcall Telecom Limited(WTL)	26,025,744 ▲ 0.01
Thatta Cement / Aug 13 Thatta Cement Company Limited(THCCL)	19,608,245 ▲ 3.36
B.O.Punjab / Aug 13 The Bank of Punjab(BOP)	16,204,913 ▲ 0.18
Hascol Petrol / Aug 13 Hascol Petroleum Limited(HASCOL)	15,337,298 ▼ -0.48
TPL Properties / Aug 13 TPL Properties Limited(TPLP)	15,140,554 ▼ -0.31
TPL Corp Ltd / Aug 13 TPL Corp Limited(TPL)	14,138,754 ▲ 0.53

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