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Archive - 2012-02-17
China backs Assad referendum
Top News

China backs Assad referendum

LONDON: China backs President Bashar al-Assad's plans for a referendum leading to parliamentary elections as a way to re
Published 17 Feb, 2012 10:08pm
SBP injects Rs 342bn in the market
Top News

SBP injects Rs 342bn in the market

KARACHI: State Bank of Pakistan (SBP) in its reverse repo open market operation in treasury bills and Pakistan Investmen
Published 17 Feb, 2012 03:24pm
Gold improves to Rs 50,442
Markets

Gold improves to Rs 50,442

KARACHI: Gold surged by Rs 300 to close at Rs 50,442 per 10 grams in the local market Friday as its international price
Published 17 Feb, 2012 01:28pm
Zardari meets Pir Pagara
Top News

Zardari meets Pir Pagara

KARACHI : President Asif Ali Zardari met the 8 th Pir of Pagara Sibghatullah Shah Rashidi at Pir Jo Goth, the media rep
Published 17 Feb, 2012 11:01am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Friday until first half, KSE-100 Index remained positive and was at 12,580.88 with a positive change of 176.
Published 17 Feb, 2012 10:46am
More than 15 killed in Parachinar blast
Top News

More than 15 killed in Parachinar blast

KARACHI: At least 15 people have been killed and over 25 injured in a suicide blast in Parachinar, the media reported on
Published 17 Feb, 2012 10:44am
More than 15 killed in Parachinar blast
Top News

More than 15 killed in Parachinar blast

KARACHI : At least 15 people have been killed and over 25 injured in a suicide blast in Parachinar, the media reported o
Published 17 Feb, 2012 10:44am
More than 26 killed in Parachinar blast
Top News

More than 26 killed in Parachinar blast

PESHAWAR: A suicide motorbike bomber attacked a market in Parachinar on Friday, killing at least 26 people in the deadli
Published 17 Feb, 2012 10:44am
Ahmedinejad meets Gilani
Top News

Ahmedinejad meets Gilani

KARACHI : Iranian President Mahmoud Ahmedinejad met Prime Minister Syed Yousuf Raza Gilani on Friday, as reported on the
Published 17 Feb, 2012 10:43am
Palm oil signals mixed
Commodities

Palm oil signals mixed

SINGAPORE: Signals are mixed for Malaysian palm oil as it has risen again to the upper trend-line of a triangle. A brea
Published 17 Feb, 2012 07:07am
China’s money rates up
Financial

China’s money rates up

SHANGHAI: China's money rates jumped on Friday, with liquidity hit in recent days by demand for funds including a subscr
Published 17 Feb, 2012 06:53am
Russian Church support Putin
Europe

Russian Church support Putin

MOSCOW: The protests sweeping Russia have failed to shake the Russian Orthodox Church's support for former KGB agent Vla
Published 17 Feb, 2012 06:01am
Cabinet approves tax hike plan: Japan
Top News

Cabinet approves tax hike plan: Japan

TOKYO: Japan cabinet on Friday approved a plan to double sales taxes as part of the government's move to rein in public
Published 17 Feb, 2012 05:40am
Markets rise on Greece bailout hopes
Top News

Markets rise on Greece bailout hopes

TOKYO: Asian shares rebounded on Friday on signs that euro zone officials will soon approve a long-awaited bailout for G
Published 17 Feb, 2012 05:35am
European shares gain on investors bet
Top News

European shares gain on investors bet

LONDON: European shares rose on Friday to hit a six and a half month high as investors bet that Greece would sign a deal
Published 17 Feb, 2012 05:33am
Tokyo stocks up 1.81pc
Financial

Tokyo stocks up 1.81pc

TOKYO: Tokyo stocks rose 1.81 percent Friday morning, with investors encouraged by a weak yen and strong US economic dat
Published 17 Feb, 2012 05:11am
Terrorism weighs heavy on FDI
BR Research

Terrorism weighs heavy on FDI

The recent attacks on telecom franchise offices and the pharma-conspiracy tell much about the shrinking investment in the country. Amongst t
Published 17 Feb, 2012 12:00am
Engro going strong
BR Research

Engro going strong

Engro Corporation once again showed its muscles. It said its full year 2011 profits rose by an impressive 21 percent year on year. Engros di
Published 17 Feb, 2012 12:00am
Whats driving gold?
BR Research

Whats driving gold?

Against the widespread belief that gold had peaked, the precious metal continued its 11-year bull run in 2011. Despite record high mine prod
Published 17 Feb, 2012 12:00am
Brent tops $120

Brent tops $120

Brent crude rose on Thursday for a fourth day in a row, topping $120 a barrel - a six-month high - on worries about supply from Iran and from the North Sea, where output was expected to dip next month. A reversal of the euro's losses on the day against th
Published 17 Feb, 2012 12:00am
Brent tops $120

Brent tops $120

Brent crude rose on Thursday for a fourth day in a row, topping $120 a barrel - a six-month high - on worries about supply from Iran and from the North Sea, where output was expected to dip next month. A reversal of the euro''s losses on the day against t
Published 17 Feb, 2012 12:00am
Robustas widen

Robustas widen

Robusta coffee futures firmed on Thursday, with the focus on a wide premium between the two nearby contracts, while arabica coffee extended losses for a seventh straight day and temporarily fell below $2 per lb. ICE cocoa moved higher, with the market ext
Published 17 Feb, 2012 12:00am
Soya futures rise

Soya futures rise

US soybean futures rose on Wednesday for a fourth day, staying near a four-month high on stepped-up US export demand as dry weather threatened crops in South America. But wheat and corn fell to three week-lows on technical selling, ample global wheat supp
Published 17 Feb, 2012 12:00am
Tokyo rubber down 3.4 percent

Tokyo rubber down 3.4 percent

Key TOCOM rubber futures fell as much as 3.4 percent on Thursday after hitting resistance around 324 yen, the top end of its recent trading range although support at 305 yen looked firm on concerns about falling supply. The key Tokyo Commodity Exchange ru
Published 17 Feb, 2012 12:00am
Copper falls to three-week low

Copper falls to three-week low

Copper fell to a three-week low on Thursday, breaking below a key support level, as delays in securing a crucial bailout package for highly indebted Greece undermined sentiment, halted the rally for risk assets and pushed the euro lower against the dollar
Published 17 Feb, 2012 12:00am
Shanghai copper falls

Shanghai copper falls

The most-traded May copper contract on the Shanghai Futures Exchange fell 2 percent to 59,210 yuan ($9,400) a tonne on Thursday. Wider market sentiment has been tarnished by a failure to find a bailout deal for Greece, some disappointing earnings results
Published 17 Feb, 2012 12:00am
Palm oil slips

Palm oil slips

Malaysian crude palm oil futures slipped on Thursday as a delay in a second bailout package for Greece raised investors' concerns, although losses were limited thanks to dry weather fears in soy-producing South America. Prospects of lower supply in soybea
Published 17 Feb, 2012 12:00am
New York cotton scores moderate gains

New York cotton scores moderate gains

US cotton futures finished on Wednesday with moderate gains, driven up as export buyers continued to show interest after a recent steep price decline and mills rushed to fix prices ahead of next week's deliveries. Since large speculative cotton players fi
Published 17 Feb, 2012 12:00am
US launches new coalition to fight climate change

US launches new coalition to fight climate change

US Secretary of State Hillary Clinton announced Thursday the formation of a new international coalition to reduce short-lived pollutants that speed up climate change and harm health. Clinton said the coalition of the United States, Bangladesh, Canada, Mex
Published 17 Feb, 2012 12:00am
France, Britain to build unmanned fighter jet

France, Britain to build unmanned fighter jet

French President Nicolas Sarkozy and British Prime Minister David Cameron are to unveil plans to develop an unmanned European fighter jet at a summit in Paris on Friday, Les Echos financial newspaper reported. The paper on Thursday quoted unnamed sources
Published 17 Feb, 2012 12:00am
India summons Italian ambassador

India summons Italian ambassador

India Thursday summoned the Italian ambassador to protest the alleged killing of two fishermen by security crew members of an Italian cargo ship, news reports said. The fishermen were reportedly shot dead off the southern state of Kerala late Wednesday by
Published 17 Feb, 2012 12:00am
Eight Palestinian children dead in West Bank crash

Eight Palestinian children dead in West Bank crash

At least eight Palestinian children were killed on Thursday when an Israeli truck hit a Palestinian school bus on a road in the West Bank, Israeli police said. "There are between eight and 10 Palestinian children dead, aged between 10 and 16, and more tha
Published 17 Feb, 2012 12:00am
Syrian troops attack Deraa; Ban sees crimes against humanity

Syrian troops attack Deraa; Ban sees crimes against humanity

Syrian troops on Thursday attacked rebel strongholds in Deraa where the uprising against President Bashar al-Assad erupted nearly a year ago, and the UN chief said crimes against humanity had almost certainly been committed in Syria. The assault on Deraa
Published 17 Feb, 2012 12:00am
Social networks can't be forced to impose filters: EU court

Social networks can't be forced to impose filters: EU court

Social networking websites cannot be forced to install filters preventing users from illegally sharing music and videos protected by copyright, the European Union's top court said on Thursday. The EU Court of Justice ruled that such an obligation to monit
Published 17 Feb, 2012 12:00am
Sudan, South Sudan agree to begin drawing border

Sudan, South Sudan agree to begin drawing border

Sudan and South Sudan want to have the bulk of their loosely-defined and volatile border demarcated as soon as within three months, a Sudanese official said on Thursday, in a possible bid to ease tensions between the two former civil war foes. The demarca
Published 17 Feb, 2012 12:00am
Bangladesh court outlaws 'Banglish' on radio, TV

Bangladesh court outlaws 'Banglish' on radio, TV

A Bangladesh court on Thursday outlawed the use of "Banglish" on television and radio stations in an effort to protect the Bengali language from English slang, a state prosecutor said. The high court issued the order over rampant use of English words by r
Published 17 Feb, 2012 12:00am
China to spend $285 million to monitor water pollution

China to spend $285 million to monitor water pollution

China on Thursday announced plans to spend 1.8 billion yuan ($285.71 million) over the next three years to monitor water pollution in a country when nearly a quarter of the population has no access to safe drinking water. Rampant industrial pollution and
Published 17 Feb, 2012 12:00am
War on drugs must be Afghan top priority: Ban

War on drugs must be Afghan top priority: Ban

UN chief Ban Ki-moon Thursday urged Afghanistan to make fighting drug trafficking a priority as opium harvests soar in the world's top producer, and said the world must help in the effort. "Above all, the Afghan government must prioritise the issue of nar
Published 17 Feb, 2012 12:00am
US eyes deep cuts to nuclear arsenal

US eyes deep cuts to nuclear arsenal

President Barack Obama's administration is looking at possible cuts to the US nuclear arsenal that include a drastic option to reduce the number of warheads by up to 80 percent, a US official said Wednesday. But no decision has been taken yet on how to re
Published 17 Feb, 2012 12:00am
Kazakh oligarch Ablyazov gets jail in UK

Kazakh oligarch Ablyazov gets jail in UK

Mukhtar Ablyazov, a Kazakh oligarch accused of embezzling at least $5 billion from one of Kazakhstan's largest banks BTA, has been sentenced to 22 months in jail in Britain for contempt of court. High Court Judge Nigel Teare said on Thursday Ablyazov had
Published 17 Feb, 2012 12:00am
Maldives' new president agrees to early elections

Maldives' new president agrees to early elections

Maldivian President Mohamed Waheed on Thursday agreed to demands for early elections, after taking power last week in what his ousted predecessor described as a coup d'etat. The island nation, set in the Indian Ocean, has endured a political stand-off sin
Published 17 Feb, 2012 12:00am
Romney, Obama campaign spar over US-China policy

Romney, Obama campaign spar over US-China policy

Mitt Romney lashed out at Beijing and President Barack Obama's China policy on Thursday, criticising the president for going in "precisely the wrong direction" and calling meetings this week with visiting Chinese Vice President Xi Jinping "empty pomp."
Published 17 Feb, 2012 12:00am
Cook's recipe helps England expose Pakistan

Cook's recipe helps England expose Pakistan

Captain Alastair Cook's simple recipe of playing hard has exposed cracks in the Pakistan team, leaving England with an invincible 2-0 lead after their 20-run win in the second day-night match. Pakistan, who blanked England 3-0 in the preceding Test series
Published 17 Feb, 2012 12:00am
China jails former World Cup referee for match-fixing

China jails former World Cup referee for match-fixing

A Chinese court has sentenced four soccer referees, including a former World Cup match official, to up to seven years in jail for involvement in match-fixing and gambling, state media reported on Thursday. About 60 local players, referees, coaches and off
Published 17 Feb, 2012 12:00am
Australia call up Holland

Australia call up Holland

Uncapped left-arm spinner Jon Holland will join Australia's squad for Friday's triangular series match against Sri Lanka as cover for Xavier Doherty who suffered back spasms during practice on Thursday. "While Xavier Doherty's injury is not deemed as bein
Published 17 Feb, 2012 12:00am
PCB awards contract to three top umpires

PCB awards contract to three top umpires

The Pakistan Cricket Board (PCB) on Thursday for the first time awarded contracts to three of country's top umpires. The scheme is, however, limited and only offered to three of the ICC international panel umpires from Pakistan - Zameer Haider, Ahsan Raza
Published 17 Feb, 2012 12:00am
Punjab sports festival begins in 26 districts

Punjab sports festival begins in 26 districts

The third phase of inter tehsil level of the biggest sporting event of the history of Pakistan, Punjab Sports Festival 2012 has started in all 26 districts of Punjab. The inter tehsil winning teams participated in all 13 games including cricket tape-ball,
Published 17 Feb, 2012 12:00am
Arsenal's Euro dreams shredded

Arsenal's Euro dreams shredded

Arsenal saw their European dreams put through the San Siro shredder on Wednesday when AC Milan handed out a record 4-0 rout in their Champions League last 16 first leg clash. A Kevin-Prince Boateng strike, a Robinho brace and a penalty from Zlatan Ibrahim
Published 17 Feb, 2012 12:00am
Sahara back as Team India sponsor

Sahara back as Team India sponsor

India's cricket chiefs thrashed out a compromise with the Sahara group on Thursday, paving the way for their long-time sponsor to remain on board. Sahara had severed ties with the Board of Control for Cricket in India (BCCI) on February 4 for what it said
Published 17 Feb, 2012 12:00am
Munir wins Bank Al Habib's golf tournament

Munir wins Bank Al Habib's golf tournament

The third and final round of Bank Al Habib's Rashid D. Habib Golf Tournament was played here on Thursday at Karachi Golf Club Karsaz. Muhammad Munir of Islamabad ranked top position of the tournament with a gross of 204, followed by Shabbir Iqbal of Pakis
Published 17 Feb, 2012 12:00am
British Prime Minister hopes for Rangers future

British Prime Minister hopes for Rangers future

Crisis-hit Scottish champions Rangers on Thursday won cross-party support from leading politicians, including British Prime Minister David Cameron, after the Glasgow club went into administration over unpaid tax. Cameron and Scotland's First Minister Alex
Published 17 Feb, 2012 12:00am
Yuvraj tweets good news in cancer fight

Yuvraj tweets good news in cancer fight

Yuvraj Singh's malignant lung tumour is almost out of his system following his first cycle of chemotherapy, the Indian cricketer said on Thursday. "Got very good news from Dr Lawrence today! The tumour is almost way out of the system," said the 30-year-ol
Published 17 Feb, 2012 12:00am
Berdych joins Federer with easy advance in Rotterdam

Berdych joins Federer with easy advance in Rotterdam

Tomas Berdych followed the example of top seed Roger Federer by making almost effortless progress into the quarter-finals of the Rotterdam Open on Thursday as opponent Marcos Baghdatis quit while trailing 3-0 in their second-round match. Berdych spent jus
Published 17 Feb, 2012 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling gained against the euro on Thursday as the common currency was hit by concerns of delays to a second Greek bailout and the pound was supported by fresh questions over whether there would be further UK monetary stimulus. Sterling also rose against
Published 17 Feb, 2012 12:00am
Won, ringgit lead Asian FX slide

Won, ringgit lead Asian FX slide

The South Korean won and the Malaysian ringgit led slides among emerging Asian currencies on Thursday that stemmed from worries about the delay in nailing terms of a Greek rescue fund. Several EU sources said on Wednesday the euro zone is examining ways o
Published 17 Feb, 2012 12:00am
Swiss franc slips

Swiss franc slips

The Swiss franc slid to a three-week trough against the dollar on Thursday, weakening alongside the euro as European officials weighed postponing a bailout package for Greece. Several European Union sources said the euro zone is examining ways of holding
Published 17 Feb, 2012 12:00am
Australian and New Zealand dollars struggle

Australian and New Zealand dollars struggle

The Aussie and New Zealand dollars struggled on Thursday as concerns about Greece took centre stage again, erasing gains made following a strong Australian jobs report. The Australian dollar edged 0.1 percent lower on the day to $1.0682, some distance awa
Published 17 Feb, 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. 82.00-82.40 (previous 82.40-83.00). Call Money Rates: 12.00-20.00 percent (previous 06.75-20.00 percent.
Published 17 Feb, 2012 12:00am
Euro slides in New York

Euro slides in New York

The euro slipped to a more than one-week low against the dollar on Wednesday and fell against the yen, after earlier hitting a two-month peak, as euro zone officials considered ways to delay a second bailout package for Greece while still avoiding a chaot
Published 17 Feb, 2012 12:00am
Early trade in New York: Eurozone debt deal hopes push euro higher

Early trade in New York: Eurozone debt deal hopes push euro higher

The euro reversed losses to rise against the US dollar on Thursday, as hopes that a Greek bond swap deal could be within reach boosted global investor sentiment as well as the appeal of higher-risk assets. The single currency traded as high as $1.3120 aga
Published 17 Feb, 2012 12:00am
Euro falls to three-week low versus dollar in London

Euro falls to three-week low versus dollar in London

The euro fell to a three-week low versus the dollar on Thursday as eurozone officials put off agreeing further aid for Greece, sparking renewed fears of a chaotic default and leaving the common currency vulnerable to a drop towards last month's lows.
Published 17 Feb, 2012 12:00am
Euro slips in Asia

Euro slips in Asia

The euro slid to a three-week low versus the dollar on Thursday as officials in Europe considered delaying a bailout package for Greece even as the indebted country met demands set by international lenders. Several EU sources said on Wednesday the euro zo
Published 17 Feb, 2012 12:00am
Interbank rates keep falling

Interbank rates keep falling

The hefty amount of cash floating around in the euro banking system is generally offsetting fears that a potential messy Greek default could severely hit lenders across the bloc, but tentative signs of stress in the interbank lending market are emerging.
Published 17 Feb, 2012 12:00am
Yuan slips

Yuan slips

The yuan closed a tad weaker against the dollar on Thursday while China and the United States exchanged the usual political rhetoric on currency and trade issues during an ongoing visit to the United States by Chinese leader-in-waiting Xi Jinping.
Published 17 Feb, 2012 12:00am
FTSE off lows as US data boosts confidence

FTSE off lows as US data boosts confidence

Britain's FTSE 100 closed off intraday lows on Thursday as upbeat US economic data brought some cheer to an otherwise gloomy macro outlook, helping oil stocks pare losses, while banks and miners sagged as Greece's debt crisis rumbled on. London's blue chi
Published 17 Feb, 2012 12:00am
Greek deal optimism helps lift European shares

Greek deal optimism helps lift European shares

European shares recovered in late session to end slightly higher on Thursday as upbeat US macroeconomic figures and news that Greece had moved closer to securing an international bailout prompted investors to return back to equities. The FTSEurofirst 300
Published 17 Feb, 2012 12:00am
Australian stocks down

Australian stocks down

Australian shares fell 1.7 percent to a one-month low on Thursday, dragged down by weaker-than-expected profits at third-largest lender Westpac and as sliding copper prices weighed on miner BHP Billiton. Capturing the spotlight was news that Billabong may
Published 17 Feb, 2012 12:00am
Hong Kong, China stocks decline

Hong Kong, China stocks decline

Hong Kong and China shares fell on Thursday, as investors took profits among financial and resources stocks, while data showing declining foreign direct investment into China also added to the pressure. China's foreign direct investment shrank for the thi
Published 17 Feb, 2012 12:00am
Southeast Asian stocks tumble

Southeast Asian stocks tumble

Singapore stocks retreated from a six-month high on Thursday while Indonesia slipped into negative territory for the month as Southeast Asia followed larger regional markets lower amid doubts about a further bailout for Greece. Broad-based profit-taking w
Published 17 Feb, 2012 12:00am
Indian shares halt rally

Indian shares halt rally

Indian shares fell 0.3 percent on Thursday as investors locked in gains after a three-day rally had sent the benchmark to its highest close in more than six months, with another delay in sealing a crucial bailout for Greece also dampening appetite.
Published 17 Feb, 2012 12:00am
Treasuries little changed

Treasuries little changed

US Treasuries finished little changed in price on Wednesday as conflicting reports on Greece's progress to secure a second bailout muddied the outlook for Europe's debt crisis. The market was little impacted after minutes from the Federal Reserve's Januar
Published 17 Feb, 2012 12:00am
Treasuries little changed

Treasuries little changed

US Treasuries finished little changed in price on Wednesday as conflicting reports on Greece's progress to secure a second bailout muddied the outlook for Europe's debt crisis. The market was little impacted after minutes from the Federal Reserve's Januar
Published 17 Feb, 2012 12:00am
Taiwan stocks slump

Taiwan stocks slump

Taiwan stocks fell 1.69 percent in their worst one-day percentage slide in about six weeks on Thursday, prompted by concerns gains in the last few weeks have been too fast. Taiwan's market has risen 10 percent since January 14, when President Ma Ying-jeou
Published 17 Feb, 2012 12:00am
Apple falls, drags Wall Street lower

Apple falls, drags Wall Street lower

US stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world. The S&P 500 appeared set for a strong move off a nine-month high as Apple Inc shares gain
Published 17 Feb, 2012 12:00am
Thursday's midday trade: economy, Greek deal hopes lift stocks

Thursday's midday trade: economy, Greek deal hopes lift stocks

Wall Street stocks rose on Thursday on the latest signs of an improving US economy and optimism a Greek bailout deal would be agreed next week. Equity indexes continued to trade in tight ranges, with the S&P 500 near a nine-month high. The Dow Jones indus
Published 17 Feb, 2012 12:00am
Nikkei retreats

Nikkei retreats

Japan's Nikkei stock average retreated from a six-month high in choppy trade on Thursday, but sentiment remained upbeat on the back of easing steps from the Bank of Japan that have weakened the yen. After making sharp gains this week, some market particip
Published 17 Feb, 2012 12:00am
KOSPI falls

KOSPI falls

Seoul shares fell back from a six-month high on Thursday as foreign investors turned net sellers for the first time in nine sessions, amid caution over euro zone leaders' growing mistrust toward Greek commitments to a rescue deal. "The main index is conti
Published 17 Feb, 2012 12:00am
Egypt's benchmark index retreats; Gulf markets lower

Egypt's benchmark index retreats; Gulf markets lower

Egypt benchmark index slips 0.7 percent on Thursday as a rally in telecom shares triggered by a France Telecom deal to buy Mobinil shares loses some of its steam. Mobinil had been rising by the maximum 10 percent allowed under exchange rules since France
Published 17 Feb, 2012 12:00am
Top US lawmakers reach payroll tax cut deal

Top US lawmakers reach payroll tax cut deal

US congressional leaders agreed Thursday on a $100 billion deal to extend a middle-class tax cut and unemployment benefits for millions of Americans in a rarely seen bipartisan deal in Washington. The agreement was announced just after midnight on Thursda
Published 17 Feb, 2012 12:00am
SocGen sees volatile 2012 after fourth quarter misses forecast

SocGen sees volatile 2012 after fourth quarter misses forecast

Societe Generale, France's second-biggest listed bank, warned of fresh pain ahead in 2012 after a grim fourth quarter as it steps up efforts to cut debt via asset sales and battle a European economic slowdown. In contrast with larger local rival BNP Parib
Published 17 Feb, 2012 12:00am
SocGen sees volatile 2012 after fourth quarter misses forecast

SocGen sees volatile 2012 after fourth quarter misses forecast

Societe Generale, France's second-biggest listed bank, warned of fresh pain ahead in 2012 after a grim fourth quarter as it steps up efforts to cut debt via asset sales and battle a European economic slowdown. In contrast with larger local rival BNP Parib
Published 17 Feb, 2012 12:00am
Australia's employment jumps

Australia's employment jumps

Australian employment jumped past all expectations in January, shoving the jobless rate to a six-month low of 5.1 percent and lifting the local dollar half a cent as investors pared back expectations for a cut in interest rates any time soon. Thursday's f
Published 17 Feb, 2012 12:00am
EU eyes curbs to rein in shadow banking

EU eyes curbs to rein in shadow banking

Financial operators on the fringes of the traditional bank system could be made to hold more capital and mainstream banks forced to limit exposure to risk in the $60 trillion shadow banking sector, a draft EU paper showed. In the draft consultation docume
Published 17 Feb, 2012 12:00am
BAE Systems sees weak sales as cuts bite

BAE Systems sees weak sales as cuts bite

Europe's biggest defence contractor BAE Systems forecast flat sales this year after reporting a 7 percent fall in 2011 profit, hit by continued cuts to military spending by the United States and Britain. Revenues fell 14 percent to 19.15 billion pounds af
Published 17 Feb, 2012 12:00am
Nestle posts strong fourth quarter sales

Nestle posts strong fourth quarter sales

Nestle echoed the cautious 2012 tone of other global food manufacturers on Thursday after reporting forecast-beating sales growth in the last three months of last year. The world's largest food group which makes brands such as Nescafe, Perrier, Maggi and
Published 17 Feb, 2012 12:00am
Nestle posts strong fourth quarter sales

Nestle posts strong fourth quarter sales

Nestle echoed the cautious 2012 tone of other global food manufacturers on Thursday after reporting forecast-beating sales growth in the last three months of last year. The world's largest food group which makes brands such as Nescafe, Perrier, Maggi and
Published 17 Feb, 2012 12:00am
US pushes EU, SWIFT to expel Iran banks

US pushes EU, SWIFT to expel Iran banks

The United States is pressuring the European Union and a global electronic banking system to expel Iranian banks from a network used to transfer money, another step in Western efforts to deprive Tehran of funds needed to develop nuclear weapons. Kicking I
Published 17 Feb, 2012 12:00am
China's FDI falters for third month

China's FDI falters for third month

China's foreign direct investment shrank for the third consecutive month in January as firms in crisis-embroiled Europe slashed spending by over 40 percent, casting another pall over the outlook of the world's economic growth engine. The gloomy trend was
Published 17 Feb, 2012 12:00am
US jobs, factory data strengthen growth outlook

US jobs, factory data strengthen growth outlook

The number of Americans filing for new jobless benefits fell to a near four-year low last week and factory activity in the Mid-Atlantic area grew in February, more evidence of sustained momentum in the economy. The economic outlook was brightened further
Published 17 Feb, 2012 12:00am
General Motors reports weaker profit

General Motors reports weaker profit

General Motors Co posted a weaker-than-expected fourth-quarter profit as disappointing performance overseas offset strong results in North America. "We obviously have work to do still and a long way to get to the objectives we ultimately want to get to,"
Published 17 Feb, 2012 12:00am
General Motors reports weaker profit

General Motors reports weaker profit

General Motors Co posted a weaker-than-expected fourth-quarter profit as disappointing performance overseas offset strong results in North America. "We obviously have work to do still and a long way to get to the objectives we ultimately want to get to,"
Published 17 Feb, 2012 12:00am
Bangladesh's Summit in deal with General Electric, China firm

Bangladesh's Summit in deal with General Electric, China firm

Bangladesh independent power producer Summit Power Ltd signed deals with General Electric and China National Electric Engineering Co to build a 335-megawatt (MW) dual-fuel power plant, the company's chairman said on Thursday.
Published 17 Feb, 2012 12:00am
Fighters, radar, marine patrols top Asia's military wish-list

Fighters, radar, marine patrols top Asia's military wish-list

Singapore hosted military brass from across Asia this week at the region's biggest arms and aerospace bazaar, almost 70 years to the day since it fell to Japanese forces sweeping across Southeast Asia during World War Two. Japan has since become allied wi
Published 17 Feb, 2012 12:00am
China central bank says alert to systemic stability risks

China central bank says alert to systemic stability risks

China will make every effort to prevent systematic or regional risks to financial stability in 2012, the central bank said in a statement published on Thursday. The People's Bank of China (PBOC) pledge came as China's state-directed banking system attempt
Published 17 Feb, 2012 12:00am
Crisis, tragedy, downturn hit insurers on all sides

Crisis, tragedy, downturn hit insurers on all sides

European insurers Axa and Zurich Financial suffered on all sides last year as Europe's debt crisis ate into their sovereign bond holdings, catastrophe claims emptied their coffers, and the downturn cut demand for life cover. Axa, Europe's No 2 insurer, sa
Published 17 Feb, 2012 12:00am
Reliance shuts sixth well in east coast block

Reliance shuts sixth well in east coast block

India's Reliance Industries has shut a sixth well at its gas fields in the D6 block, off the country's east coast, due to water ingress, and any clarity on the likely output from these fields will emerge by August, a source said on Thursday. The sixth wel
Published 17 Feb, 2012 12:00am
Grams prices move both ways on grain market

Grams prices move both ways on grain market

Grams prices were mixed on the wholesale grain market on Thursday in process of slow trading, dealers said. On the grams side, grams Australian No 1 shed Rs 50 to Rs 5260-5450, grams Australia No 1 dal, however, gained Rs 10 to Rs 5900-6100, they said.
Published 17 Feb, 2012 12:00am
Steady condition prevails on cotton market

Steady condition prevails on cotton market

Cotton market displayed a slow but stable condition on Thursday with lint prices showing slight decline over the past one week or so. Seedcotton (Kapas/Phutti) prices decreased by Rs 50 to Rs 100 per 40 Kgs while lint prices declined by Rs 100 to Rs 200 p
Published 17 Feb, 2012 12:00am
Steady condition prevails on cotton market

Steady condition prevails on cotton market

Cotton market displayed a slow but stable condition on Thursday with lint prices showing slight decline over the past one week or so. Seedcotton (Kapas/Phutti) prices decreased by Rs 50 to Rs 100 per 40 Kgs while lint prices declined by Rs 100 to Rs 200 p
Published 17 Feb, 2012 12:00am
Prices marginally down on cotton market

Prices marginally down on cotton market

Rates were marginally down on the cotton market on Thursday as mills and spinners were on the sidelines but exporters made buying to meet the near term needs, dealers said. The official spot rate was unchanged at Rs 5,600, they said. Prices of seedcotton
Published 17 Feb, 2012 12:00am
Oil cake market rates

Oil cake market rates

Both the futures were unchanged on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The March vaida THAT HAD closed at 769.20 OPENED at the same rate. Similarly the May vaida which closed at Rs 687.70 commenced at the
Published 17 Feb, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 80,869 tonnes of cargo comprising1 46,600 tonnes of import cargo and 34,269 tonnes of export cargo including 2,734 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 46,600 to
Published 17 Feb, 2012 12:00am
Soya export premiums firm at US Gulf Coast

Soya export premiums firm at US Gulf Coast

Soyabean export premiums at the US Gulf Coast were steady to firm on Wednesday on strong export demand amid unusually high prices for competing Brazilian new-crop supplies, traders said. Lighter-than-anticipated farmer sales in Brazil propping up premiums
Published 17 Feb, 2012 12:00am
Egypt buys 180,000 tonnes of US wheat

Egypt buys 180,000 tonnes of US wheat

Egypt, the world's largest wheat importer, has bought 180,000 tonnes of US soft red winter wheat for April 11-20 shipment on a free on board basis, the main government wheat buyer said on Thursday. Nomani Nomani, vice chairman of the General Authority for
Published 17 Feb, 2012 12:00am
India's gold imports fall 44 percent in 2011

India's gold imports fall 44 percent in 2011

India's gold imports in the last quarter of 2011, traditionally peak consumption season, fell 44 percent to 157 tonnes, although total imports last year rose 1.1 percent to a record high of 969 tonnes, the World Gold Council said on Thursday. Wild price s
Published 17 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 17 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 17 Feb, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Thursday (February 16, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover
Published 17 Feb, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 17 Feb, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 16, 2012).
Published 17 Feb, 2012 12:00am
Three-year growth strategy implementation plan readied

Three-year growth strategy implementation plan readied

The Planning Commission of Pakistan has prepared three-year Implementation Plan of Framework for Economic Growth (FEG) on governance, productivity, creative cities, connectivity, youth and community as well as result-based management, it is learnt.
Published 17 Feb, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
Three-year growth strategy implementation plan readied

Three-year growth strategy implementation plan readied

The Planning Commission of Pakistan has prepared three-year Implementation Plan of Framework for Economic Growth (FEG) on governance, productivity, creative cities, connectivity, youth and community as well as result-based management, it is learnt.
Published 17 Feb, 2012 12:00am
Three-year growth strategy implementation plan readied

Three-year growth strategy implementation plan readied

The Planning Commission of Pakistan has prepared three-year Implementation Plan of Framework for Economic Growth (FEG) on governance, productivity, creative cities, connectivity, youth and community as well as result-based management, it is learnt.
Published 17 Feb, 2012 12:00am
UN plans solar energy for 33 million people in Africa, Asia

UN plans solar energy for 33 million people in Africa, Asia

Low-cost solar panels and solar batteries will be provided to poor communities in 14 countries in Africa and Asia in the next four years, the UN Development Programme said Thursday. A total of 33 million people in the 14 countries will be able to make use
Published 17 Feb, 2012 12:00am
UN plans solar energy for 33 million people in Africa, Asia

UN plans solar energy for 33 million people in Africa, Asia

Low-cost solar panels and solar batteries will be provided to poor communities in 14 countries in Africa and Asia in the next four years, the UN Development Programme said Thursday. A total of 33 million people in the 14 countries will be able to make use
Published 17 Feb, 2012 12:00am
UN plans solar energy for 33 million people in Africa, Asia

UN plans solar energy for 33 million people in Africa, Asia

Low-cost solar panels and solar batteries will be provided to poor communities in 14 countries in Africa and Asia in the next four years, the UN Development Programme said Thursday. A total of 33 million people in the 14 countries will be able to make use
Published 17 Feb, 2012 12:00am
Index gains 93.2 points

Index gains 93.2 points

A bullish trend continued on the Karachi share market on Thursday on the back of local investors and institutional support and the KSE-100 index surged by 93.2 points to close at 12,404.24 points. The foreign investors however remained on the selling side
Published 17 Feb, 2012 12:00am
Index gains 93.2 points

Index gains 93.2 points

A bullish trend continued on the Karachi share market on Thursday on the back of local investors and institutional support and the KSE-100 index surged by 93.2 points to close at 12,404.24 points. The foreign investors however remained on the selling side
Published 17 Feb, 2012 12:00am
Index gains 93.2 points

Index gains 93.2 points

A bullish trend continued on the Karachi share market on Thursday on the back of local investors and institutional support and the KSE-100 index surged by 93.2 points to close at 12,404.24 points. The foreign investors however remained on the selling side
Published 17 Feb, 2012 12:00am
BRIndex30 up 98.61 points

BRIndex30 up 98.61 points

On Thursday, BRIndex30 opened at 9,386.59 and remained positive throughout the trading session. It touched an intraday high of 9,498.42 and an intraday low of 9,390.48 and closed at 9,485.2, which was 98.61 points or 1.05 percent higher than previous clos
Published 17 Feb, 2012 12:00am
BRIndex30 up 98.61 points

BRIndex30 up 98.61 points

On Thursday, BRIndex30 opened at 9,386.59 and remained positive throughout the trading session. It touched an intraday high of 9,498.42 and an intraday low of 9,390.48 and closed at 9,485.2, which was 98.61 points or 1.05 percent higher than previous clos
Published 17 Feb, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
Cameron tells Scots he will fight to keep UK intact

Cameron tells Scots he will fight to keep UK intact

Prime Minister David Cameron vowed in a speech in the Scottish capital Thursday to fight to keep the United Kingdom intact as Scotland's leaders push for a referendum on independence in 2014. In an impassioned address made against the backdrop of Edinburg
Published 17 Feb, 2012 12:00am
Cameron tells Scots he will fight to keep UK intact

Cameron tells Scots he will fight to keep UK intact

Prime Minister David Cameron vowed in a speech in the Scottish capital Thursday to fight to keep the United Kingdom intact as Scotland's leaders push for a referendum on independence in 2014. In an impassioned address made against the backdrop of Edinburg
Published 17 Feb, 2012 12:00am
Malaysian clerics forbid forex trading

Malaysian clerics forbid forex trading

Malaysia's highest Islamic body has issued an edict forbidding foreign exchange trading by Muslim individuals, saying such speculation violates Islamic law. The National Fatwa Council ruled forex trading by money changers or between banks was allowable bu
Published 17 Feb, 2012 12:00am
Malaysian clerics forbid forex trading

Malaysian clerics forbid forex trading

Malaysia's highest Islamic body has issued an edict forbidding foreign exchange trading by Muslim individuals, saying such speculation violates Islamic law. The National Fatwa Council ruled forex trading by money changers or between banks was allowable bu
Published 17 Feb, 2012 12:00am
Malaysian clerics forbid forex trading

Malaysian clerics forbid forex trading

Malaysia''s highest Islamic body has issued an edict forbidding foreign exchange trading by Muslim individuals, saying such speculation violates Islamic law. The National Fatwa Council ruled forex trading by money changers or between banks was allowable b
Published 17 Feb, 2012 12:00am
$3 million World Bank-aided revenue mobilisation project planned

$3 million World Bank-aided revenue mobilisation project planned

The government is planning to launch a new revenue mobilisation project for the Federal Board of Revenue (FBR) with the World Bank (WB) technical assistance of $3 million for continuation of tax reforms to raise revenue collection by improving effectivene
Published 17 Feb, 2012 12:00am
$3 million World Bank-aided revenue mobilisation project planned

$3 million World Bank-aided revenue mobilisation project planned

The government is planning to launch a new revenue mobilisation project for the Federal Board of Revenue (FBR) with the World Bank (WB) technical assistance of $3 million for continuation of tax reforms to raise revenue collection by improving effectivene
Published 17 Feb, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
$3 million World Bank-aided revenue mobilisation project planned

$3 million World Bank-aided revenue mobilisation project planned

The government is planning to launch a new revenue mobilisation project for the Federal Board of Revenue (FBR) with the World Bank (WB) technical assistance of $3 million for continuation of tax reforms to raise revenue collection by improving effectivene
Published 17 Feb, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
US missiles kill 13 in North Waziristan

US missiles kill 13 in North Waziristan

Two US drone strikes struck militants in tribal badlands on Thursday, killing at least 13 fighters in North Waziristan near the Afghan border, officials said. The aircraft fired missiles hours apart on separate targets in what is considered the premier ba
Published 17 Feb, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
US missiles kill 13 in North Waziristan

US missiles kill 13 in North Waziristan

Two US drone strikes struck militants in tribal badlands on Thursday, killing at least 13 fighters in North Waziristan near the Afghan border, officials said. The aircraft fired missiles hours apart on separate targets in what is considered the premier ba
Published 17 Feb, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
Iran-West stand-off casts shadow over trilateral summit

Iran-West stand-off casts shadow over trilateral summit

Afghan President Hamid Karzai sought Pakistan's support on Thursday for advancing the reconciliation process in Afghanistan ahead of a trilateral summit on regional security involving Iran's president. But the meeting in Islamabad between Karzai, Pakistan
Published 17 Feb, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
Iran-West stand-off casts shadow over trilateral summit

Iran-West stand-off casts shadow over trilateral summit

Afghan President Hamid Karzai sought Pakistan's support on Thursday for advancing the reconciliation process in Afghanistan ahead of a trilateral summit on regional security involving Iran's president. But the meeting in Islamabad between Karzai, Pakistan
Published 17 Feb, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Thursday (February 16, 2012).

Published 17 Feb, 2012 12:00am
Talks today

Talks today

The presidents of Pakistan, Afghanistan and Iran are all set to hold a summit today (Friday) with a view to devising a mechanism for holding peace talks the Afghan Taliban. The summit called is being held on the desire of Iran and according to sources, th
Published 17 Feb, 2012 12:00am
Talks today

Talks today

The presidents of Pakistan, Afghanistan and Iran are all set to hold a summit today (Friday) with a view to devising a mechanism for holding peace talks the Afghan Taliban. The summit called is being held on the desire of Iran and according to sources, th
Published 17 Feb, 2012 12:00am
Zardari, Ahmedinejad, Karzai discuss regional peace

Zardari, Ahmedinejad, Karzai discuss regional peace

The Pres-idents of Pakistan, Afghanistan and Iran Thursday held an informal session, a day ahead of the trilateral summit, aimed at bringing peace and stability and ensuring security in the region. President Asif Ali Zardari, Afghan President Hamid Karzai
Published 17 Feb, 2012 12:00am
Zardari, Ahmedinejad, Karzai discuss regional peace

Zardari, Ahmedinejad, Karzai discuss regional peace

The Pres-idents of Pakistan, Afghanistan and Iran Thursday held an informal session, a day ahead of the trilateral summit, aimed at bringing peace and stability and ensuring security in the region. President Asif Ali Zardari, Afghan President Hamid Karzai
Published 17 Feb, 2012 12:00am
Pak-Afghan talks: enhanced cooperation in anti-terror efforts agreed

Pak-Afghan talks: enhanced cooperation in anti-terror efforts agreed

Pakistan and Afghanistan have agreed on the need for enhanced co-operation to deal with the common enemy, terrorism and extremism and vowed to jointly work for peace and stability. The understanding between the two sides was reached here on Friday during
Published 17 Feb, 2012 12:00am
Pak-Afghan talks: enhanced cooperation in anti-terror efforts agreed

Pak-Afghan talks: enhanced cooperation in anti-terror efforts agreed

Pakistan and Afghanistan have agreed on the need for enhanced co-operation to deal with the common enemy, terrorism and extremism and vowed to jointly work for peace and stability. The understanding between the two sides was reached here on Friday during
Published 17 Feb, 2012 12:00am
Guantanamo prisoner approaches trial in terror attacks

Guantanamo prisoner approaches trial in terror attacks

The Defence Department on Wednesday referred criminal charges against a Pakistani accused of assisting in al Qaeda terror plots to a military commission, which is one of the last steps before a trial. The Pakistani, Majid Shoukat Khan, has been held at th
Published 17 Feb, 2012 12:00am
LSE improves by 32.27 points

LSE improves by 32.27 points

Bullish sentiments continued to prevail on Lahore Stock Exchange on Thursday and the equities registered gains amid increased trading turnover on account of fresh buying in select scrips. The LSE-25 index was further improved by 32.27 points to close at 3
Published 17 Feb, 2012 12:00am
LSE improves by 32.27 points

LSE improves by 32.27 points

Bullish sentiments continued to prevail on Lahore Stock Exchange on Thursday and the equities registered gains amid increased trading turnover on account of fresh buying in select scrips. The LSE-25 index was further improved by 32.27 points to close at 3
Published 17 Feb, 2012 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favorite amid increase in index. ISE Ten Index showed an improvement of 32.69 points as the ISE Ten Index moved from 2,705.91
Published 17 Feb, 2012 12:00am
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