News Archives for Latest - 2012-02-13

World

Brazil, Germany press for EU-Mercosur trade deal

BRASILIA: Brazilian Foreign Minister Antonio Patriota and his visiting German counterpart Guido Westerwelle on Monday ca

Published 13 Feb, 2012 11:02pm

Commodities

NY cotton ends up with other markets on Greek vote

NEW YORK: US cotton futures ended Monday stronger, pulled up by other commodities, global equities and the euro, as inve

Published 13 Feb, 2012 10:57pm

Top News

South Korea suggests family reunion talks with North

SEOUL: South Korea on Tuesday proposed talks with North Korea on restarting a reunion programme for families who have be

Published 13 Feb, 2012 10:54pm

Top News

Obama asks for $770mn to boost Arab democracy

WASHINGTON: US President Barack Obama's administration on Monday requested a fund of nearly $800 million to boost politi

Published 13 Feb, 2012 10:51pm

Movies & Music

Jagger at White House for Red, White and Blues

WASHINGTON: Mick Jagger will tread in the footsteps of Stevie Wonder, Paul McCartney and Bob Dylan this month and play f

Published 13 Feb, 2012 10:37pm

Life & Style

Irish actor Kelly dies aged 82

DUBLIN: Irish actor David Kelly, a star of stage and screen for 50 years, has died in hospital at the age of 82 followin

Published 13 Feb, 2012 10:31pm

Commodities

NY juice down for fifth day as supply worries ease

NEW YORK: Orange juice futures ended lower on Monday, extending losses to a fifth consecutive session as investors conti

Published 13 Feb, 2012 10:28pm

Movies & Music

Speculation rages over cause of Houston's death

LOS ANGELES: As fans await autopsy results that may not come for weeks, speculation raged Monday that pop legend Whitney

Published 13 Feb, 2012 10:15pm

Financial

C$ boosted by Greek austerity vote

TORONTO: Canada's dollar edged up against the greenback on Monday after Greece's parliament passed tough austerity measu

Published 13 Feb, 2012 10:12pm

Middle East

UN official sees 'crimes against humanity' in Syria

UNITED NATIONS: The top UN human rights official said Monday that crimes against humanity have likely been committed in

Published 13 Feb, 2012 09:46pm

Financial

Greek deal boosts US stocks

NEW YORK: US stocks closed higher Monday after the Greek parliament's approval of tough austerity measures paved the way

Published 13 Feb, 2012 09:20pm

Commodities

ICE canola rises to nearly four-month high

WINNIPEG: ICE Canada canola futures rose on Monday to a nearly four-month high, lifted by strength in crude oil and soyb

Published 13 Feb, 2012 09:20pm

Commodities

Gold ekes out gain but technical selling weighs

NEW YORK/LONDON: Gold managed to end with a small gain in light volume on Monday, as technical selling and a fizzled eur

Published 13 Feb, 2012 09:10pm

Top News

US defense budget avoids deep cuts

WASHINGTON: The Pentagon on Monday unveiled plans for "disciplined" defense spending for next year but offered up no con

Published 13 Feb, 2012 08:15pm

North America

Scientists say Obama Mars cuts to hit research

WASHINGTON: The United States will scale back Mars exploration under a proposed budget by President Barack Obama relea

Published 13 Feb, 2012 08:10pm

Commodities

Copper falls as Greek deal fails to inspire bulls

NEW YORK/LONDON: Copper slipped in heavier-than-usual volumes on Monday, as investors sold into the highly anticipated G

Published 13 Feb, 2012 07:38pm

Industry

Google wins EU approval for Motorola Mobility buy

BRUSSELS: Google Inc won unconditional EU regulatory approval on Monday for its planned $12.5 billion purchase of mobile

Published 13 Feb, 2012 07:15pm

Commodities

US soy near 4-month high on Greek optimism

CHICAGO: US soy, wheat and corn rallied on Monday, recouping losses from last week, as hopes that Greece can avoid a def

Published 13 Feb, 2012 07:15pm

Commodities

Palm oil up on Greek bill: European vegoils:

ROTTERDAM: Palm oil on the European vegetable oil market firmed on Monday on hopes Greece can avoid a default after pass

Published 13 Feb, 2012 07:03pm

Commodities

Soymeal strong on Greek bill: European feeds

ROTTERDAM: Soymeal on the European meals and feeds market rose on Monday after the passing of an austerity bill in Greec

Published 13 Feb, 2012 06:37pm

Cricket

England beat Pakistan by 130 runs

ABU DHABI: England beat Pakistan by 130 runs in the first-day night international here on Monday, to take a 1-0 lead in

Published 13 Feb, 2012 05:51pm

Movies & Music

After death Houston music sales soar

WASHINGTON: Sales of the late Whitney Houston's records have soared after her sudden death, which triggered tributes acr

Published 13 Feb, 2012 05:34pm

Industry

Apple shares surge past $500

NEW YORK: Apple shares surged past $500 for the first time on Wall Street on Monday, powered by reports a new iPad may b

Published 13 Feb, 2012 05:32pm

Europe

Spanish court quashes corruption case against judge

MADRID: Spain's Supreme Court on Monday quashed a bribe-taking case against rights judge Baltasar Garzon, who has alread

Published 13 Feb, 2012 05:10pm

Top News

Obama proposes large budgets boosts for SEC, CFTC

WASHINGTON: The White House proposed budget boosts for US market regulators , in what would be a boon to agencies months

Published 13 Feb, 2012 04:46pm

Top News

Obama seeks to cut municipal bond tax breaks

WASHINGTON: US President Barack Obama on Monday proposed limiting tax breaks given to high-income earners on the interes

Published 13 Feb, 2012 04:45pm

Top News

Pentagon FY2013 budget planes, ships and satellites

WASHINGTON: The Pentagon's fiscal 2013 budget plan would terminate or scale back several big weapons programs, generatin

Published 13 Feb, 2012 04:45pm

Top News

Pakistan's total loans stand at over $ 63bn: NA told

ISLAMABAD : Minister for Textiles Makhdoom Shahabuddin on Monday apprised the National Assembly that Pakistan 's total

Published 13 Feb, 2012 04:44pm

Top News

PAF more capable to defend motherland after induction of F-16, AVACS: Rao Qamar

SHAHBAZ AIRBASE: Chief of Air Staff Air Marshal Rao Qamar Suleman said on Monday that with the induction of F-16 (Block

Published 13 Feb, 2012 04:44pm

Top News

Greek austerity vote wins praise amid flames

BRUSSELS: Greece took a key first step towards averting bankruptcy and securing a second bailout Monday after lawmakers

Published 13 Feb, 2012 04:44pm

Top News

Mehfil-e-Milad held at President House

ISLAMABAD: A Mehfil-e-Milad was held at the President House on Monday, which was attended by women from different walks

Published 13 Feb, 2012 04:36pm

Markets

AMISP issues rates of commodities

LAHORE: Agriculture Marketing Information Service Punjab (AMISP) issued rates of agriculture products in local market on

Published 13 Feb, 2012 04:21pm

Financial

Greek austerity vote boosts US stocks

NEW YORK: US stocks opened solidly higher Monday after the Greek parliament's approval of tough austerity measures paved

Published 13 Feb, 2012 03:33pm

Top News

Govt believes in supremacy of constitution: Firdous

ISLAMABAD: Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Monday said that appearance of the

Published 13 Feb, 2012 03:10pm

Top News

Israel blames Iran for embassy attacks

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu on Monday blamed Iran for attacks on Israeli embassy staff in Georg

Published 13 Feb, 2012 03:08pm

Top News

Exports grow by 0.5pc in first seven months of fiscal year 2011-12

ISLAMABAD: The Cumulative trade figure shows that Pakistan's exports during July-January 2011-12 were US $ 13.189 billio

Published 13 Feb, 2012 03:00pm

Pakistan

National Assembly session starts

ISLAMABAD: The session of National Assembly started here on Monday from the recitation of the Holy Quran. The session i

Published 13 Feb, 2012 02:58pm

Top News

Rs3.2bn loans written off through budgetary support

ISAMABAD: The National Assembly was informed on on Monday that loans to the tune of Rs 3.2 billion have been written off

Published 13 Feb, 2012 02:52pm

Markets

ISE-10 shed 4 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bearish trend as the index was down by 4.93 points

Published 13 Feb, 2012 02:47pm

Business & Finance

Rangers nab 40 suspects

KARACHI: Pakistan Rangers, Sindh, in collaboration with the police conducted raids in various areas of Karachi during th

Published 13 Feb, 2012 02:45pm

Markets

LSE witnesses bearish trend

LAHORE: Lahore Stock Exchange on Monday witnessed bearish trend with losing 7.07 points, following the LSE-25 index open

Published 13 Feb, 2012 02:42pm

Cricket

England 260-7 in first one-day

ABU DHABI: England, lifted by captain Alastair Cook's brilliant career-best 137, made 260-7 in their 50 overs in the fir

Published 13 Feb, 2012 02:32pm

Life & Style

Athens smoulders after blazing protests over austerity

ATHENS: One of Athens' landmark cinemas lay in smouldering ruins Monday as stunned Greeks contemplated the aftermath of

Published 13 Feb, 2012 02:31pm

Asia

Mali confirms 'summary executions' of soldiers, civilians

BAMAKO: The Malian army on Monday confirmed the summary execution of soldiers and civilians during a Tuareg offensive in

Published 13 Feb, 2012 02:31pm

North America

Obama to unveil election-year budget

WASHINGTON: US President Barack Obama Monday unveils a budget packed with populist tax hikes on the rich and infrastruct

Published 13 Feb, 2012 02:21pm

Asia

NATO admits Afghan children killed in Kapisa

KABUL: The US-led NATO force in Afghanistan on Monday conceded that several children died during a bombing raid last wee

Published 13 Feb, 2012 02:14pm

North America

Georgia defuses bomb in Israeli embassy car: official

TBILISI: Police in Georgia on Monday defused an explosive device found in the car of an employee of the Israeli embassy

Published 13 Feb, 2012 02:14pm

Top News

Palm oil imports increase

ISLAMABAD: Palm oil imports witnessed an increase of 35.95 percent during the first half of the current fiscal year as a

Published 13 Feb, 2012 01:42pm

Financial

Sterling rises vs dollar after Greek vote; BoE report ahead

LONDON: Sterling rose against the dollar on Monday, buoyed along with other riskier assets after Greece's parliament app

Published 13 Feb, 2012 01:31pm

Financial

European shares rise on Greek austerity bill vote

LONDON: European shares rose on Monday after Greece's parliament approved at the weekend the deeply unpopular austerity

Published 13 Feb, 2012 01:25pm

Commodities

US wheat, corn rise on Greek austerity bill

SINGAPORE/PARIS: US wheat rose by 1.2 percent and corn gained 0.8 percent on Monday, following losses last week, buoyed

Published 13 Feb, 2012 01:24pm

Money & Banking

Indian cash rates end higher; heavy repo borrowing seen

MUMBAI: Indian cash rates closed higher on Monday as banks' demand for funds picked up at the start of the two-week repo

Published 13 Feb, 2012 01:20pm

Financial

Euro rallies on Greek vote but lacks conviction

LONDON: The euro rose on Monday on relief that Greece's parliament had approved an austerity bill, taking Athens closer

Published 13 Feb, 2012 12:58pm

Europe

Putin vows to reverse Russian population decline

MOSCOW : Prime Minister Vladimir Putin on Monday vowed to reverse Russia 's demographic decline and boost its populatio

Published 13 Feb, 2012 12:49pm

Top News

Govt to provide complete security to lawyers: Malik

ISLAMABAD: Minister for Interior Rehman Malik said on Monday that the government would provide complete security to the

Published 13 Feb, 2012 12:49pm

Business & Finance

BIEK to announce result of Home Economics Group on Feb 14

KARACHI: The Board of Intermediate Education Karachi (BIEK) will notify the result of Home Economics Group Supplementary

Published 13 Feb, 2012 12:33pm

Industries & Sectors

Shipping activity at Port Qasim

KARACHI: Shipping activity remained active at the Port Qasim where four ships carrying containers, urea, chemicals and f

Published 13 Feb, 2012 12:17pm

Commodities

Gold climbs as Greek austerity deal lifts euro

LONDON: Gold prices climbed in Europe on Monday as news that Greece's parliament had approved an austerity bill needed t

Published 13 Feb, 2012 12:10pm

Top News

RECORDER REPORT: KSE close of day

KARACHI : After witnessing a setback during early hours on investors concerns over prevailing political situation in the

Published 13 Feb, 2012 12:04pm

Top News

China February inflation will ease to below 4 percent

BEIJING: China's annual consumer inflation will ease to about 3 percent in February, a senior pricing official said on M

Published 13 Feb, 2012 11:48am

Money & Banking

Euribor rates dip as next ECB cash deluge nears

FRANKFURT: Euro-priced bank-to-bank lending rates continued to fall on Monday, as the money market readied itself for wh

Published 13 Feb, 2012 11:43am

Managed Funds

US bonds fall after Greek austerity vote

LONDON: US Treasuries prices fell in Europe on Monday after Greek politicians passed tough austerity measures vital to s

Published 13 Feb, 2012 11:41am

Commodities

Palm oil hits near 3-week high as Greece passes bill

SINGAPORE: Malaysian crude palm oil futures rose to near three-week high on Monday after Greece passed an unpopular aust

Published 13 Feb, 2012 11:35am

Financial

Rebound on Greek austerity bill, led by Singapore dollar

SINGAPORE : The Singapore dollar rebounded on Monday, leading most emerging Asian currencies higher as Greece moved

Published 13 Feb, 2012 11:32am

Cricket

England win toss, bat against Pakistan

ABU DHABI: England captain Alastair Cook won the toss and chose to bat in the first One-Day International (ODI) agains

Published 13 Feb, 2012 11:28am

Cricket

England win toss and bat against Pakistan

ABU DHABI: England captain Alastair Cook won the toss and chose to bat in the first day-night international against Pa

Published 13 Feb, 2012 11:28am

Cricket

England win toss and bat against Pakistan

ABU DHABI: England captain Alastair Cook won the toss and chose to bat in the first day-night international against Pa

Published 13 Feb, 2012 11:28am

Cricket

England win toss and bat against Pakistan

ABU DHABI: England captain Alastair Cook won the toss and chose to bat in the first day-night international against Pa

Published 13 Feb, 2012 11:28am

Cricket

England win toss and bat against Pakistan

ABU DHABI: England captain Alastair Cook won the toss and chose to bat in the first day-night international against Pa

Published 13 Feb, 2012 11:28am

Cricket

England win toss and bat against Pakistan

ABU DHABI: England captain Alastair Cook won the toss and chose to bat in the first day-night international against Pa

Published 13 Feb, 2012 11:28am

Cricket

Pakistan favourite as spin awaits England

KARACHI: It was devastating when Pakistan whitewashed England with superb spin bowling in the Test series 3-0. Now an

Published 13 Feb, 2012 10:53am

Africa

Nigerian poverty increases despite economic growth

ABUJA: Despite strong growth in Nigeria, Africa's second largest economy, the level of absolute poverty rose to 60.9 per

Published 13 Feb, 2012 10:49am

Top News

Action to be taken against foreigners staying in Pakistan illegally: Malik

KARACHI : Interior Minister Rehman Malik said that foreigners whose visas have expired are requested to renew their visa

Published 13 Feb, 2012 10:33am

Top News

Indian Commerce Minister Anand Sharma arrives in Pakistan

WAGAH: Indian Commerce Minister Anand Sharma and his business delegates have arrived in Pakistan to attend a three-day

Published 13 Feb, 2012 10:31am

Business & Finance

Saline Agriculture' conference on Wednesday

ISLAMABAD: A one day national conference on `Saline Agriculture' will be held at the National Agriculture Research Cente

Published 13 Feb, 2012 10:20am

Arts

Lok Virsa documents Pakistani, Norwegian folk culture

ISLAMABAD: Lok Virsa in collaboration with Norwegian Directorate of Cultural Heritage (Riksantikvaren) has published a c

Published 13 Feb, 2012 10:15am

Business & Finance

Over 49pc of South East Asia’s Internet population in a relationship

SOUTH EAST ASIA : Effective Measure, the leading provider of digital media planning solutions in emerging markets, today

Published 13 Feb, 2012 10:12am

Business & Finance

Govt to follow constitutional parameters: Dr Firdous

ISLAMABAD: Expressing complete confidence in the superior judiciary, Minister for Information and Broadcasting Dr Firdou

Published 13 Feb, 2012 10:08am

Financial

Sterling rises against dollar

LONDON: Sterling rose against the dollar on Monday, buoyed along with other riskier assets after Greece's parliament ap

Published 13 Feb, 2012 09:42am

Business & Finance

Parties repose confidence on PM

ISLAMABAD : A meeting of the allied parties on Monday reposed full confidence in the government led by Prime Minister Sy

Published 13 Feb, 2012 09:25am

Top News

SC orders setting up of medical board in missing prisoners’ case

KARACHI: The Supreme Court of Pakistan has ordered to constitute a medical board to review the medical condition of the

Published 13 Feb, 2012 09:17am

Top News

3G technology to boost economy

ISLAMABAD: Acquiring 3G technology through mobile company's investments would not only help boost economy but also earn

Published 13 Feb, 2012 09:04am

Pakistan

Diamer-Bhasha dam affectees to get compensation soon: Chattha

GILGIT: Chief Secretary (CS) Gilgit-Baltistan Saifullah Chattha has assured Diamer-Bhasha dam affectees that they will b

Published 13 Feb, 2012 08:55am

Top News

Political risks to watch in Japan

TOKYO: Japan's government used accounting sleights of hand to compile next fiscal year's budget without boosting borrowi

Published 13 Feb, 2012 08:50am

Financial

European stocks rise after Greece approves austerity bill

LONDON: Europe's stock markets climbed on Monday after Greek lawmakers approved drastic austerity measures, amid violent

Published 13 Feb, 2012 08:33am

Top News

President Ahmadinejad to visit Pakistan soon: Vice President

ISLAMABAD: Vice President of Iran for International Affairs, Ali Saeedlou said that President Mahmoud Ahmadinejad will v

Published 13 Feb, 2012 08:18am

Top News

Europe debt crisis 'at critical juncture': China

BEIJING: Europe's debt crisis has reached a "critical juncture", Beijing said on Monday, a day ahead of talks between Ch

Published 13 Feb, 2012 08:17am

Top News

RECORDER REPORT: mid day update

KARACHI: On Monday at 12:30 P.M., KSE-100 Index was at 12,242.12 with a positive change of 10.52 points and volume of 3

Published 13 Feb, 2012 07:42am

North America

US special operation officer seeks new powers: report

WASHINGTON: The top US special operations officer, who oversaw the raid that killed Osama bin Laden, is seeking new auth

Published 13 Feb, 2012 07:37am

Europe

Greek PM says violence will not be tolerated

ATHENS: Violence will not be tolerated, Greek Prime Minister Lucas Papademos told lawmakers on Sunday after shops and ba

Published 13 Feb, 2012 07:25am

Money & Banking

Governor central bank Kuwait resigns in protest: report

KUWAIT CITY: Governor of the Central Bank of Kuwait, Sheikh Salem Abdulaziz Al-Sabah, has resigned in protest against th

Published 13 Feb, 2012 07:17am

Financial

Bund futures fall after Greece approves reforms

LONDON: German Bund futures fell at the open on Monday after the Greek parliament approved austerity measures that took

Published 13 Feb, 2012 07:09am

Commodities

NY cocoa still eyes $2,102/T

SINGAPORE: New York cocoa is still targeting $2,102 per tonne, as indicated by its wave pattern and a Fibonacci projecti

Published 13 Feb, 2012 07:04am

Top News

China has no objective to 'buy out Europe'

BEIJING: China has no intention to "buy out Europe", a top state-run newspaper said Monday, reiterating comments made by

Published 13 Feb, 2012 07:03am

Money & Banking

National Australia Bank raises mortgage rates by 0.09pc

SYDNEY: National Australia Bank , the country's top lender, increased variable mortgage rates by 0.09 percent on Monday,

Published 13 Feb, 2012 06:59am

World

Opposition leader enamoured with Brazilian model

CARACAS: Despite his relatively young age, 39-year-old Governor Henrique Capriles, who won Venezuela's opposition primar

Published 13 Feb, 2012 06:47am

Financial

South Africa's rand rebounds, seen firmer vs dollar

JOHANNESBURG: South Africa's rand firmed against the dollar on Monday, with further gains seen as calm returned to the

Published 13 Feb, 2012 06:37am

Managed Funds

US bonds slip after Greece plan passes

TOKYO: Treasury prices slipped in Asia on Monday on optimism Greece would secure funds it needs to avoid a default after

Published 13 Feb, 2012 06:21am

Financial

Seoul shares end higher; autos rebound

SEOUL: Seoul shares finished higher on Monday, led by autos, as foreign investors continued their buying streak for a si

Published 13 Feb, 2012 06:20am

Asia

Maldives welcomes Commonwealth coup probe

MALE: The new Maldivian President Monday welcomed a Commonwealth mission to investigate the ousting of his predecessor a

Published 13 Feb, 2012 06:16am

World

Young governor to battle Chavez in Venezuela poll

CARACAS: Youthful state governor Henrique Capriles celebrated victory Monday after decisively winning Venezuela's first

Published 13 Feb, 2012 06:08am

Top News

A wordless, breathtaking day today

KHUDAYAR MOHLA ISLAMABAD: Prime Minister Yousuf Raza Gilani will appear before a seven-member larger bench of the Sup

Published 13 Feb, 2012 06:03am

Commodities

Palm oil up as Greece passes unpopular austerity bill

SINGAPORE: Malaysian crude palm oil futures gained on Monday after Greece passed an unpopular austerity bill, inching cl

Published 13 Feb, 2012 06:02am

Asia

Japan to keep nuclear weapons ability

TOKYO: Japan's nuclear power advocates have pulled out all the stops since the Fukushima crisis, even arguing that the o

Published 13 Feb, 2012 05:56am

Middle East

New UN fight looms on bid to pressure Assad

UNITED NATIONS: Arab and western states will launch a fresh bid at the United Nations this week to put pressure on Syria

Published 13 Feb, 2012 05:36am

Commodities

LME aluminium to fall further to $2,207/T

SINGAPORE: LME aluminium will drop further to the Feb. 7 low of $2,207 per tonne, as indicated by its wave pattern and a

Published 13 Feb, 2012 05:30am

Industry

EU won’t escape aviation CO2 scheme

SINGAPORE: The European Union will not bow to pressure to suspend a controversial scheme to charge airlines for their ca

Published 13 Feb, 2012 05:25am

Money & Banking

South Korea to replace 1 trillion won SME lending programme

SEOUL : South Korea 's central bank said on Monday it would replace a 1 trillion won ($889.80 million) lending programm

Published 13 Feb, 2012 05:22am

Top News

EU commissioner in Myanmar to explore cooperation

NAYPYITAW: An EU official arrived in Myanmar's capital on Monday for talks with a civilian government praised by Brussel

Published 13 Feb, 2012 05:19am

Industry

Qatar Airways CEO still confident of A380 delivery

SINGAPORE: The chief executive of Qatar Airways said he was confident the airline would receive delivery of its A380s fr

Published 13 Feb, 2012 05:16am

Industry

Boeing eyes stretched 787 plane with 320 passenger capacity

SINGAPORE: Boeing Co is considering introducing a stretched version of its new 787 family, which will enable it to carry

Published 13 Feb, 2012 05:11am

Top News

$8.9bn new aid approved for TEPCO: Japan

TOKYO: The Japanese government on Monday approved a fresh $8.9 billion in aid for the operator of the Fukushima nuclear

Published 13 Feb, 2012 05:10am

Top News

Supreme Court indicts PM for contempt

ISLAMABAD: Supreme court on Monday indicted Prime Minister Yousuf Raza Gilani for contempt over the government's two-y

Published 13 Feb, 2012 05:08am

Top News

Mumtaz Haider Rizvi new acting FBR chairman

MUSHTAQ GHUMMAN ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani has decided to give acting charge of Chairman Feder

Published 13 Feb, 2012 05:06am

Commodities

CBOT soybeans to revisit a low of $12.15

SINGAPORE: CBOT March soybeans will revisit the Feb. 10 low of $12.15 per bushel, as the sharp rebound from this level i

Published 13 Feb, 2012 05:04am

Money & Banking

Commonwealth bank extend variable mortgage rate

SYDNEY: Commonwealth Bank of Australia, the country's top home lender, said on Monday it will increase its variable mort

Published 13 Feb, 2012 05:04am

Top News

Gold rises on Greek austerity bill, off 2-week low

SINGAPORE: Gold strengthened on Monday in line with gains in shares and the euro after Greece's parliament finally appro

Published 13 Feb, 2012 05:03am

Top News

Obama anchors budget on tax hikes for the rich

WASHINGTON: US President Barack Obama will Monday roll out a populist election-year budget, challenging Republicans to s

Published 13 Feb, 2012 05:00am

Industry

Kazakhstan January industrial output up 1.9pc yr/yr

ALMATY: Kazakhstan's industrial production growth slowed to 1.9 percent in January 2012 in year-on-year terms from 5.8 p

Published 13 Feb, 2012 04:59am

Financial

Indian rupee opens lower; oil payments weigh

MUMBAI: The Indian rupee opened weaker on Monday as dollar demand from oil importers weighed, with traders watching the

Published 13 Feb, 2012 04:52am

Commodities

CBOT corn to hover above a support $6.29-1/4

SINGAPORE: CBOT March corn may hover above a support at $6.29-1/4 per bushel for one trading session before falling towa

Published 13 Feb, 2012 04:48am

Top News

Brent rises over $118 after Greece passes bill

SINGAPORE: Brent crude rose above $118 on Monday, supported by a weaker dollar and expectations of a revival in demand g

Published 13 Feb, 2012 04:46am

Financial

India bond yields tread water; await debt buyback plan

MUMBAI: Indian federal bond yields were mostly steady on Monday as traders were on the periphery awaiting clues whether

Published 13 Feb, 2012 04:44am

Financial

Indian shares rise early; DLF slumps

NEW DELHI: Indian shares nudged higher early on Monday, in line with firm Asian markets, with index heavyweight Reliance

Published 13 Feb, 2012 04:43am

Industry

Tokyo Electric to forecast $7.4bn net loss this year

TOKYO: Tokyo Electric Power Co is expected to forecast a net loss of 576.3 billion yen ($7.4 billion) and an operating l

Published 13 Feb, 2012 04:39am

Managed Funds

JGBs pare losses as Greece impact fades and easing in focus

TOKYO: Japanese government bonds were slightly weaker on Monday though futures were off their lows, as the market's focu

Published 13 Feb, 2012 04:38am

Top News

PPP awards ticket for Senate to Hafeez

RECORDER REPORT KARACHI: Pakistan People's Party is believed to have awarded the ticket for the Senate of Pakistan to

Published 13 Feb, 2012 04:35am

Commodities

CBOT wheat to rebound to $6.44 before a fall

SINGAPORE: CBOT March wheat will rebound moderately to $6.44 per bushel, and drop back to the Feb. 10 low of $6.28-1/4 t

Published 13 Feb, 2012 04:34am

Top News

Turkmenistan president re-elected with 97pc of votes

ASHGABAT: Turkmenistan President Gurbanguly Berdymukhamedov won a landslide victory in a presidential election with 97.1

Published 13 Feb, 2012 04:30am

Top News

Indonesia's January cement sales rise 15.2pc y/y

JAKARTA: Indonesia's domestic cement sales, an indicator of economic growth in Southeast Asia's top economy, rose 15.2 p

Published 13 Feb, 2012 04:26am

Financial

Hong Kong shares open 0.40 percent lower

HONG KONG: Hong Kong stocks opened slightly lower on Monday after Greek lawmakers approved fresh austerity measures as t

Published 13 Feb, 2012 04:24am

Financial

Euro recovers in Asia after Greek vote

TOKYO: The euro rose in Asian trade Monday after Greece's parliament agreed to a fresh batch of austerity measures neede

Published 13 Feb, 2012 04:22am

Financial

China shares down 0.69pc in morning trade

SHANGHAI: Chinese shares fell 0.69 percent in early trade Monday, led by falls in property stocks on expectations that B

Published 13 Feb, 2012 04:17am

Top News

China VP warns against US military focus

WASHINGTON: China's likely next leader Xi Jinping warned the United States against plans to boost its military strengt

Published 13 Feb, 2012 04:15am

Top News

Japan Oct-Dec GDP shrinks annualised 2.3pc

TOKYO: Japan's economy shrank by an annualised 2.3 percent in the October-December quarter, official data showed Monday,

Published 13 Feb, 2012 04:14am

Energy

Crude up in Asia after Greek austerity deal

SINGAPORE: Crude prices rose in Asia Monday as markets cheered Greece's approval of harsh austerity measures requested b

Published 13 Feb, 2012 04:13am

Top News

Singapore Telecom 3Q net profit down 10pc

SINGAPORE: Singapore Telecommunications' third-quarter net profit fell nearly 10.0 percent due to weaker regional curren

Published 13 Feb, 2012 04:03am

Industry

Qantas chief lashed for fleet grounding comments

SYDNEY: Qantas chief Alan Joyce faced an angry backlash Monday after saying a fleet grounding he ordered last year was "

Published 13 Feb, 2012 04:00am

Top News

Airbus CEO says concerned over emissions trade row

SINGAPORE: Airbus CEO Tom Enders said he was concerned about growing trade tension over a European Union scheme to regul

Published 13 Feb, 2012 04:00am

Financial

Asian stocks mostly higher on Greek debt vote

HONG KONG: Asian shares were mostly higher Monday after Greek lawmakers approved a package of drastic austerity measures

Published 13 Feb, 2012 03:56am

Money & Banking

Australia's ANZ bank to slash 1,000 jobs

SYDNEY: ANZ Bank Monday announced it will slash about 1,000 jobs in response to a tougher global environment as profits

Published 13 Feb, 2012 03:44am

BR Research

Involving the academia in policy making

"I never had a policy; I have just tried to do my very best each and every day", was how Abraham Lincoln once reflected on his first term as