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Archive - 2012-02-27
Soymeal up on export hopes
Commodities

Soymeal up on export hopes

ROTTERDAM: Asking prices for soymeal on the European meals and feeds market were slightly up on Monday in slow trade, su
Published 27 Feb, 2012 08:12pm
ISE-10 stays bullish
Markets

ISE-10 stays bullish

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index was up by 5.79 points t
Published 27 Feb, 2012 05:14pm
Bomb kills three in Nowshera blast
Top News

Bomb kills three in Nowshera blast

PESHAWAR: A bomb killed at least three people and wounded another 11 on Monday, targeting a public meeting attended by C
Published 27 Feb, 2012 10:53am
Oil prices undermine shares
Energy

Oil prices undermine shares

LONDON: Oil prices traded just below 10-month highs on Monday, keeping shares under pressure on fears over the impact of
Published 27 Feb, 2012 10:24am
HSBC profits hit $21.9bn
Financial

HSBC profits hit $21.9bn

LONDON: HSBC just missed analysts' expectations with a near $22 billion profit last year, which marked the biggest profi
Published 27 Feb, 2012 09:23am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Monday at 12:30 P.M., KSE-100 Index was at 12,729.20 with a positive change of 22.68 and volume of 79,104,5
Published 27 Feb, 2012 04:44am
Oil prices lower in Asian trade
Energy

Oil prices lower in Asian trade

SINGAPORE: Oil prices were lower in Asian trade Monday as traders took profits from last week's gains, while concerns ov
Published 27 Feb, 2012 04:16am
Oil injured stocks in Asia
Top News

Oil injured stocks in Asia

TOKYO: Asian shares fell on Monday as high oil prices raised concerns about global growth, while signs of fresh steps fr
Published 27 Feb, 2012 03:44am
HBL in clover
BR Research

HBL in clover

Buoyed by increase in operating revenues, Habib Bank Ltd (HBL) recorded an outstanding growth in its bottom line in CY11 compared to the pre
Published 27 Feb, 2012 12:00am
All eyes on oil, Iran
BR Research

All eyes on oil, Iran

Crude oil price has capped its longest northward rally in over two years as Brent crude oil was seen trading a little under $127 per barrel.
Published 27 Feb, 2012 12:00am
All arrangements made to cope with dengue attack

All arrangements made to cope with dengue attack

District Coor-dination Officer Lahore Ahad Khan Cheema said that all necessary arrangements have been made by the City District government to cope with the possible attack of dengue in the city and administration of every town has been directed to make su
Published 27 Feb, 2012 12:00am
Three motorcyclists killed in accident

Three motorcyclists killed in accident

Three motorcyclists were crushed to death under the wheels of a bus on Multan by-pass road near here on Sunday. According to police, Abid Ali, Zulfiqar Ahmed and Noman Ali were going to Pattoki by a motorcycle when a recklessly driven bus (LXX-3258) crush
Published 27 Feb, 2012 12:00am
Man kills wife

Man kills wife

A man stabbed his wife to death over domestic issues in a nearby village in the wee hours on Sunday. According to police, Abdul Majid of 31/EB had differences with his wife Allah Muafi over domestic issues and he killed her with a sharp edged weapon.
Published 27 Feb, 2012 12:00am
Amendments to TMA Works Rules 2003 approved

Amendments to TMA Works Rules 2003 approved

In a bid to check irregularities in the execution of development activities in TMAs and ensuring transparency, Punjab CM has approved certain amendments in TMA Works Rules 2003. This was stated by DGPR in an information received here on Sunday.
Published 27 Feb, 2012 12:00am
International Dengue Conference

International Dengue Conference

A 3-day Interna-tional Dengue Conference is starting from Monday in collaboration with World Health Organisation (WHO) and Punjab Health Department (PHD). Punjab Chief Minister Muhammad Shahbaz Sharif will inaugurate this international conference.
Published 27 Feb, 2012 12:00am
Sino-Pak ties deep-rooted, time-tested: Khosa

Sino-Pak ties deep-rooted, time-tested: Khosa

Punjab Governor, Latif Khan Khosa has termed relations between Pakistan and China deep-rooted and time-tested. He expressed these views while meeting a seven-member delegation of China, here on Sunday. The delegation, led by former Chinese Ambassador to P
Published 27 Feb, 2012 12:00am
'35,000 students getting scholarship in Punjab'

'35,000 students getting scholarship in Punjab'

Provincial Minister for Education Mian Mujtaba Shuja-ur-Rehman has said that 35 thousand intelligent students are getting scholarship from Punjab Educational Endowment Fund and number of beneficiaries would be raised up to 40 thousand in the next financia
Published 27 Feb, 2012 12:00am
Safari Park: Foundation stone of 'Hathi Ghar' laid

Safari Park: Foundation stone of 'Hathi Ghar' laid

Administrator Karachi Metropolitan Corpora-tion, Muhammad Hussain Syed Sunday said that KMC has started beautification of Safari Park and acquiring more animals to attract more visitors to the place. The administrator was speaking after laying the foundat
Published 27 Feb, 2012 12:00am
Labour Conference suggests amendments to BLS Act 1992

Labour Conference suggests amendments to BLS Act 1992

Participants of a Labour Conference suggested to the government today to make amendments to Bonded Labour System (Abolition) Act 1992 and implement the newly-inserted article 25-A under the 18th Amendment for bringing an end to child labour.
Published 27 Feb, 2012 12:00am
Pak-Malaysian JBC meeting in Kuala Lumpur today

Pak-Malaysian JBC meeting in Kuala Lumpur today

A 30-member Pakistani delegation headed by Chairman Trade Development Authority of Pakistan will attend a meeting of the Malaysian and Pakistani chapters of the Joint Business Council (JBC) in Kuala Lumpur on Monday (today).
Published 27 Feb, 2012 12:00am
Diabetes, smoking, hypertension major causes of heart attack

Diabetes, smoking, hypertension major causes of heart attack

Diabetes, smoking, hypertension and high degree of cholesterol are major causes of heart attack in Pakistan. A 4-year extensive study conducted at Cardiac Surgery Department of Allama Iqbal Medical College and Jinnah Hospital revealed that diabetes, smoki
Published 27 Feb, 2012 12:00am
20,000 protestors mark Karabakh war deaths in Istanbul

20,000 protestors mark Karabakh war deaths in Istanbul

Some 20,000 protestors took to Istanbul's central Taksim square on Sunday to commemorate the 20th anniversary of one of the bloodiest incidents of Azerbaijan's war with Armenia over disputed Nagorny Karabakh. Azerbaijan says 613 people died when Armenian
Published 27 Feb, 2012 12:00am
15 tourists killed in China bus plunge

15 tourists killed in China bus plunge

Fifteen tourists were killed and another 19 injured when their bus plunged into a ravine, Chinese authorities said - the latest deadly accident on the nation's dangerous roads. The incident happened on Saturday morning after the bus took a bend on a highw
Published 27 Feb, 2012 12:00am
Nepal pensioner crowned world's shortest man

Nepal pensioner crowned world's shortest man

A 72-year-old man from a remote valley in south-western Nepal was on Sunday declared the shortest man ever documented after being measured by Guinness World Records officials. Chandra Bahadur Dangi stands just 54.6 centimetres (21.5 inches) tall, measurem
Published 27 Feb, 2012 12:00am
US general: missile defence on track

US general: missile defence on track

American forces are now manning a new radar defense site in Turkey that could help defend Europe from a potential Iranian ballistic missile attack, the US Army's commander in Europe said Sunday. "We have the forces in place at a radar site in southern Tur
Published 27 Feb, 2012 12:00am
50,000 Azerbaijanis commemorate Karabakh war deaths

50,000 Azerbaijanis commemorate Karabakh war deaths

Some 50,000 Azerbaijanis marched through Baku on Sunday to commemorate the 20th anniversary of one of the bloodiest incidents of the country's war with Armenian forces over disputed Nagorny Karabakh. The Azerbaijani authorities say that 613 people died wh
Published 27 Feb, 2012 12:00am
Arizona governor endorses Romney for US president

Arizona governor endorses Romney for US president

Arizona Governor Jan Brewer, who had a finger-pointing confrontation with President Barack Obama last month, on Sunday endorsed Mitt Romney's bid to become the Republican nominee to challenge Obama in the November 6 US election.
Published 27 Feb, 2012 12:00am
Anti-Putin protesters form human chain in Moscow

Anti-Putin protesters form human chain in Moscow

Thousands of Russians joined hands to form a human chain around Moscow city centre on Sunday in protest against Vladimir Putin's likely return as president in an election next week.
Published 27 Feb, 2012 12:00am
Chinese netizens flood Obama's Google+ page

Chinese netizens flood Obama's Google+ page

Hundreds of Chinese have flooded US President Barack Obama's Google+ page, apparently taking advantage of a glitch in China's censorship system to post about human rights and green cards. Google+ - the US Internet giant's social networking site - has been
Published 27 Feb, 2012 12:00am
South Africa's Mandela released from hospital

South Africa's Mandela released from hospital

Former South African President Nelson Mandela was discharged from hospital on Sunday after a keyhole abdominal examination showed there was nothing seriously wrong with the 93-year-old anti-apartheid leader, the government said.
Published 27 Feb, 2012 12:00am
HSBC bank results on radar for London traders next week

HSBC bank results on radar for London traders next week

Trading in London kicks off next week with annual earnings from British banking giant HSBC on Monday, set to provide more clues on the health of the financial sector amid persistent eurozone debt worries.
Published 27 Feb, 2012 12:00am
UBS to issue more loss-absorbing capital

UBS to issue more loss-absorbing capital

UBS plans to sell more loss-absorbing bonds to meet tougher bank capital rules after the Swiss bank tested investor appetite for these new instruments with an initial $2 billion deal last week. The new bonds are designed to help bolster the bank in tough
Published 27 Feb, 2012 12:00am
UBS to issue more loss-absorbing capital

UBS to issue more loss-absorbing capital

UBS plans to sell more loss-absorbing bonds to meet tougher bank capital rules after the Swiss bank tested investor appetite for these new instruments with an initial $2 billion deal last week. The new bonds are designed to help bolster the bank in tough
Published 27 Feb, 2012 12:00am
South Africa in no hurry to issue another global bond

South Africa in no hurry to issue another global bond

South Africa is under no pressure to issue a new global bond as proceeds from a well-subscribed sale in January will meet its foreign commitments in the first few months of the next fiscal year, Treasury Director-General Lungisa Fuzile said on Wednesday.
Published 27 Feb, 2012 12:00am
South Africa in no hurry to issue another global bond

South Africa in no hurry to issue another global bond

South Africa is under no pressure to issue a new global bond as proceeds from a well-subscribed sale in January will meet its foreign commitments in the first few months of the next fiscal year, Treasury Director-General Lungisa Fuzile said on Wednesday.
Published 27 Feb, 2012 12:00am
Jeweller Graff kick starts $1 billion Hong Kong IPO

Jeweller Graff kick starts $1 billion Hong Kong IPO

London-based high-end jeweller Graff Diamonds filed a listing application for its planned initial public offering of about $1 billion in Hong Kong On Thursday, a source with direct knowledge of the IPO plans told Reuters.
Published 27 Feb, 2012 12:00am
Jeweller Graff kick starts $1 billion Hong Kong IPO

Jeweller Graff kick starts $1 billion Hong Kong IPO

London-based high-end jeweller Graff Diamonds filed a listing application for its planned initial public offering of about $1 billion in Hong Kong On Thursday, a source with direct knowledge of the IPO plans told Reuters.
Published 27 Feb, 2012 12:00am
Bond investors bearish on high-deficit Ontario

Bond investors bearish on high-deficit Ontario

Ontario is losing the confidence of many of the investors it counts on to fund its budget deficit and could face damaging credit market downgrades unless it can convince the market that it's serious about curbing spending.
Published 27 Feb, 2012 12:00am
Bond investors bearish on high-deficit Ontario

Bond investors bearish on high-deficit Ontario

Ontario is losing the confidence of many of the investors it counts on to fund its budget deficit and could face damaging credit market downgrades unless it can convince the market that it's serious about curbing spending.
Published 27 Feb, 2012 12:00am
Wall Street weekahead: rally on Wall St to be put to test next week

Wall Street weekahead: rally on Wall St to be put to test next week

A rally on Wall Street will be put to the test next week, with the S&P 500 at its highest level since before the collapse of Lehman Brothers in 2008. The broad index is up 8.6 percent for the year, closing at 1,365 on Friday. The S&P 500's close was the h
Published 27 Feb, 2012 12:00am
Cashmere maker Cucinelli eyes IPO in early May

Cashmere maker Cucinelli eyes IPO in early May

Cashmere maker Brunello Cucinelli aims to float on the Milan stock exchange by early May, in what would be the third share offering of an Italian luxury company in less than a year. The maker of 2,000-euro colourful cashmere sweaters said in an interview
Published 27 Feb, 2012 12:00am
Palo Alto Networks, other tech firms tee up IPOs

Palo Alto Networks, other tech firms tee up IPOs

A series of technology companies, including security software maker Palo Alto Networks, are preparing to go public on the heels of Facebook's $5-billion filing, sensing a window of opportunity as the stock market rallies.
Published 27 Feb, 2012 12:00am
Palo Alto Networks, other tech firms tee up IPOs

Palo Alto Networks, other tech firms tee up IPOs

A series of technology companies, including security software maker Palo Alto Networks, are preparing to go public on the heels of Facebook's $5-billion filing, sensing a window of opportunity as the stock market rallies.
Published 27 Feb, 2012 12:00am
Profit-taking may cap Nikkei's gain

Profit-taking may cap Nikkei's gain

Tokyo stocks could face selling pressure next week as investors cash in their recent gains while paying close attention to whether the yen slides further, brokers said. "Profit-taking is likely to emerge next week after the Nikkei index continued to rise
Published 27 Feb, 2012 12:00am
Closures, losses push back Asia hedge fund industry

Closures, losses push back Asia hedge fund industry

A rough year for Asian hedge funds in 2011 exposed the long-only bias of many managers' portfolios, leaving the industry fighting a tough battle to retain clients as assets shrink and fund closures accelerate.
Published 27 Feb, 2012 12:00am
Closures, losses push back Asia hedge fund industry

Closures, losses push back Asia hedge fund industry

A rough year for Asian hedge funds in 2011 exposed the long-only bias of many managers' portfolios, leaving the industry fighting a tough battle to retain clients as assets shrink and fund closures accelerate.
Published 27 Feb, 2012 12:00am
Abu Dhabi's TDIC eyes asset sales to help meet 2014 bond

Abu Dhabi's TDIC eyes asset sales to help meet 2014 bond

Abu Dhabi's government-owned Tourism Development Investment Company (TDIC), builder of branches of the Louvre and Guggenheim museums, is mulling asset sales to help repay $2 billion in debt maturing in 2014, its chief financial officer said.
Published 27 Feb, 2012 12:00am
Abu Dhabi's TDIC eyes asset sales to help meet 2014 bond

Abu Dhabi's TDIC eyes asset sales to help meet 2014 bond

Abu Dhabi's government-owned Tourism Development Investment Company (TDIC), builder of branches of the Louvre and Guggenheim museums, is mulling asset sales to help repay $2 billion in debt maturing in 2014, its chief financial officer said.
Published 27 Feb, 2012 12:00am
Dolce & Gabbana's golden Baroque look in Milan

Dolce & Gabbana's golden Baroque look in Milan

The young Sicilian widow may still wear a black veil but it doesn't stop her sashaying through Palermo's streets in hot pants embellished with Baroque gold, at least according to the Dolce & Gabbana show.
Published 27 Feb, 2012 12:00am
Thousands protest in Malaysia over rare earths plant

Thousands protest in Malaysia over rare earths plant

Thousands rallied Sunday in Malaysia in the biggest protest yet against an Australian miner's rare earths plant, as the opposition vowed to shut down the facility if it came to power. Australia's Lynas has almost completed building the plant near the seas
Published 27 Feb, 2012 12:00am
Germans overwhelmingly oppose Greek bailout

Germans overwhelmingly oppose Greek bailout

Germans overwhelmingly oppose further aid for Greece, according to opinion poll released on Sunday, one day ahead of a vote in parliament on a new Greek bailout package where Chancellor Angela Merkel may be forced to rely on opposition support.
Published 27 Feb, 2012 12:00am
China's Huawei touts 'world's fastest smartphone'

China's Huawei touts 'world's fastest smartphone'

Chinese telecoms giant Huawei on Sunday launched what it touted as the "world's fastest smartphone", in its bid to squeeze into a market currently dominated by Apple and Samsung. "We are proud to ... introduce a world first at the 2012 Mobile World Congre
Published 27 Feb, 2012 12:00am
Indonesia Freeport mine suspends production

Indonesia Freeport mine suspends production

US mining giant Freeport McMoRan's Indonesian subsidiary has suspended its operations due to fighting among workers, its spokesman said Sunday, in the latest problem to hit the troubled mine. After a three-month strike over wages and work conditions that
Published 27 Feb, 2012 12:00am
Swatch Group chief executive eyes Swiss franc 8 billion revenue for 2012

Swatch Group chief executive eyes Swiss franc 8 billion revenue for 2012

The chief executive of watchmaker Swatch Group hopes revenues will touch around 8 billion Swiss francs this year and the firm aims to add 1,000 new jobs globally, he told a newspaper on Sunday. Swatch Group chief Nick Hayek has been particularly vocal in
Published 27 Feb, 2012 12:00am
Swatch Group chief executive eyes Swiss franc 8 billion revenue for 2012

Swatch Group chief executive eyes Swiss franc 8 billion revenue for 2012

The chief executive of watchmaker Swatch Group hopes revenues will touch around 8 billion Swiss francs this year and the firm aims to add 1,000 new jobs globally, he told a newspaper on Sunday. Swatch Group chief Nick Hayek has been particularly vocal in
Published 27 Feb, 2012 12:00am
Merkel's likely Greek aid win won't halt pressure

Merkel's likely Greek aid win won't halt pressure

Chancellor Angela Merkel is expected to rally German lawmakers behind a Greek rescue deal in a vote Monday but faces opposition within her coalition against Germany stumping up any more aid. For the seventh time in less than two years, the 620 MPs in the
Published 27 Feb, 2012 12:00am
Dubai Financial Market sees small fourth quarter net profit

Dubai Financial Market sees small fourth quarter net profit

Dubai Financial Market (DFM), the Arab world's only listed bourse, eked out a small fourth-quarter profit as it focused on new revenue streams and cut its dependency on commissions after a year of dwindling trading volumes.
Published 27 Feb, 2012 12:00am
BP says US oil spill trial could last until 2014

BP says US oil spill trial could last until 2014

British energy giant BP is prepared for a multi-billion-dollar US legal case into the massive Gulf of Mexico oil spill to last until 2014, its chief executive told the Sunday Telegraph. The London-listed company heads to a US court on Monday in an attempt
Published 27 Feb, 2012 12:00am
MPs urge RBS to stand by troubled card insurer CPP

MPs urge RBS to stand by troubled card insurer CPP

British parliamentarians have urged Royal Bank of Scotland and other lenders not to withdraw financial support from troubled credit card insurer CPP fearing the loss of more than 1,300 jobs.
Published 27 Feb, 2012 12:00am
BoE's Fisher: More QE unlikely if no UK contraction

BoE's Fisher: More QE unlikely if no UK contraction

Bank of England policymaker Paul Fisher said on Sunday the central bank was unlikely to do more quantitative easing if the economy stayed on its current path and did not contract over the next few months.
Published 27 Feb, 2012 12:00am
Fiat signs joint venture deal with Russia's Sberbank

Fiat signs joint venture deal with Russia's Sberbank

Italian car maker Fiat has signed a letter of intent with Russia's Sberbank for a joint-venture that will produce and sell Jeep-branded cars in the country, Italian newspaper Corriere della Sera reported on Sunday. Fiat and its US affiliate Chrysler Group
Published 27 Feb, 2012 12:00am
Leaders Mariners under pressure in A-League

Leaders Mariners under pressure in A-League

Central Coast Mariners' lead in the Australian A-League was sliced to three points after their third defeat in five games on Sunday. The stuttering Mariners failed to convert a penalty as they slumped to a 1-0 defeat to Melbourne Heart, who moved to fifth
Published 27 Feb, 2012 12:00am
Grenade thrown at Stojkovic's house, no injuries

Grenade thrown at Stojkovic's house, no injuries

An explosive device was thrown into the yard of Yugoslav football great Dragan Stojkovic's family house but the blast caused no injuries or damages, local B92 television reported on Sunday.
Published 27 Feb, 2012 12:00am
Arsenal comeback stuns Spurs as Giggs saves United

Arsenal comeback stuns Spurs as Giggs saves United

Arsenal staged a magnificent fightback to thrash Tottenham 5-2 in the north London derby on Sunday as Manchester United scrambled a last-gasp 2-1 win over Norwich. Arsenal appeared to be hurtling towards a disastrous home defeat after an early Louis Saha
Published 27 Feb, 2012 12:00am
Djokovic celebrity status faces new challenges

Djokovic celebrity status faces new challenges

World number one Novak Djokovic may be entering new territory when he competes at this week's Dubai Open, his first tournament since his Australian Open triumph last month. Though Djokovic has won the Aussie title twice before, he has never previously rec
Published 27 Feb, 2012 12:00am
France's Platini backs Germany for Euro 2012

France's Platini backs Germany for Euro 2012

UEFA president Michel Platini has said Germany are the best team in Europe at the moment and one of the favourites to win this summer's Euro 2012, ahead of their friendly with France on Wednesday. "Germany currently has the best team in Europe, they are v
Published 27 Feb, 2012 12:00am
Federer happy for Sampras to keep his record

Federer happy for Sampras to keep his record

Roger Federer says he would be happy not to take away Pete Sampras' all-time record of 286 weeks as world number one, even though he stands only one tantalising week away from equalling it.
Published 27 Feb, 2012 12:00am
Warne inducted into Australia Hall of Fame

Warne inducted into Australia Hall of Fame

Test great Shane Warne will be inducted into the Australian Cricket Hall of Fame this week, Cricket Australia said on Sunday. The legendary leg-spinner, the first cricketer to take 700 Test wickets, will be inducted at the Allan Border Medal ceremony in M
Published 27 Feb, 2012 12:00am
Adkins salutes gritty Saints

Adkins salutes gritty Saints

Southampton manager Nigel Adkins insists his side's 3-0 victory against Watford proves they have the grit and guile to win promotion to the Premier League. The Saints returned to the top of the Championship on Saturday as Rickie Lambert's hat-trick at Vic
Published 27 Feb, 2012 12:00am
India's big task to make tri series finals after huge loss

India's big task to make tri series finals after huge loss

India face a major task to reach the tri series one-day finals after an abject 87-run loss to Australia at the Sydney Cricket Ground on Sunday. The Indians showed little fight in their chase after Australia's 252 for nine and were skittled for 165 off 39.
Published 27 Feb, 2012 12:00am
Lahiri survives jitters to win SAIL-SBI Open

Lahiri survives jitters to win SAIL-SBI Open

India's Anirban Lahiri endured several heart-stopping moments before defeating Thailand's Prom Meesawat at the first play-off hole to win the SAIL-SBI Open on Saturday. The home favourite admitted he was lucky to pip Prom to the title after ending regulat
Published 27 Feb, 2012 12:00am
Rangers give fans some cheer in Inverness rout

Rangers give fans some cheer in Inverness rout

Ailing Scottish champions Rangers kept up their all but futile challenge to bitter rivals Celtic on Sunday as they thrashed Inverness Caledonian Thistle 4-1.
Published 27 Feb, 2012 12:00am
Islamic banks need mergers to fill Western funding hole

Islamic banks need mergers to fill Western funding hole

Small and medium-sized Islamic banks may need to merge if they want to become bigger regional players capable of filling the funding hole left by shrinking Western banks, the head of Islamic finance at Deutsche Bank, told Reuters.
Published 27 Feb, 2012 12:00am
HSBC sees Asia's initial public offering market opening up

HSBC sees Asia's initial public offering market opening up

Asia's once-hot initial public offering market is likely to open up again soon, with secondary volumes in the equity sector showing signs of picking up, said the Asia head of investment banking at Europe's biggest bank HSBC Holdings Plc.
Published 27 Feb, 2012 12:00am
Boeing to shave $1 billion off 787 production costs

Boeing to shave $1 billion off 787 production costs

Boeing will try to shave more than $1 billion off production costs of its new 787 Dreamliner plane, a company executive said on February 23, as the firm battles to turn a profit on the much-delayed plane. Pat Shanahan, Boeing's Commercial Airplanes vice p
Published 27 Feb, 2012 12:00am
Hewlett-Packard Company's earnings fall

Hewlett-Packard Company's earnings fall

Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers.
Published 27 Feb, 2012 12:00am
Hewlett-Packard Company's earnings fall

Hewlett-Packard Company's earnings fall

Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers.
Published 27 Feb, 2012 12:00am
Telefonica reports fourth quarter profit jump

Telefonica reports fourth quarter profit jump

Spanish telecommunications giant Telefonica on February 24 posted a fourth-quarter net profit of 2.67 billion euros, double the figure for the same period of 2010, but showed an overall fall for the year. Net profit for 2011 was 5.4 billion euros ($7.2 bi
Published 27 Feb, 2012 12:00am
Telefonica reports fourth quarter profit jump

Telefonica reports fourth quarter profit jump

Spanish telecommunications giant Telefonica on February 24 posted a fourth-quarter net profit of 2.67 billion euros, double the figure for the same period of 2010, but showed an overall fall for the year. Net profit for 2011 was 5.4 billion euros ($7.2 bi
Published 27 Feb, 2012 12:00am
Turbulent times for India's 'King of Good Times'

Turbulent times for India's 'King of Good Times'

With one of the world's most expensive yachts and a cricket and Formula One team, billionaire Vijay Mallya is known as India's Richard Branson or simply, the "King of Good Times".
Published 27 Feb, 2012 12:00am
Beatles hits become mobile phone ringtones

Beatles hits become mobile phone ringtones

Hits from The Beatles have finally joined the chorus of ringtones available for mobile phones. Catchy 30-second snippets from more than two dozen of the famed 1960s British rock band's top tunes are available exclusive at Apple's online iTunes shop, a mes
Published 27 Feb, 2012 12:00am
Samsung Elec says to spin off LCD business

Samsung Elec says to spin off LCD business

Samsung Electronics Co said on February 20 it would spin off its loss-making LCD flat-screen business into a separate affiliate as it seeks to orient its component business towards OLED displays, touted as the technology that will replace LCD TVs.
Published 27 Feb, 2012 12:00am
Google honours German scientist

Google honours German scientist

Google honoured German-Jewish physicist Heinrich Hertz on February 22 with a coloured wavy design on its homepage as a homage to his work on electromagnetic waves. The tribute came on what would have been the 155th birthday of the scientist whose work in
Published 27 Feb, 2012 12:00am
New York taxis could get iPads

New York taxis could get iPads

New Yorkers may be able to surf and ride at the same time if a plan to put iPads, or a similar device, in the back of taxis takes off. A San Francisco company, Square, is proposing a pilot programme to install tablet computers in the back of 50 taxis, rep
Published 27 Feb, 2012 12:00am
Faster smartphones spark race for ways out of data crunch

Faster smartphones spark race for ways out of data crunch

Lighter, faster and even smarter smartphones will premiere at the world's biggest mobile fair this week, sparking a race for ways to prevent network overload from rendering the phones "dumb". Mobile phone giants Nokia, LG and Sony are among a long list of
Published 27 Feb, 2012 12:00am
HP plans workplace tablet by year's end

HP plans workplace tablet by year's end

Hewlett-Packard will take another shot at Apple's iPad with the release late this year of a tablet computer geared for work instead of play, chief executive Meg Whitman said on February 23.
Published 27 Feb, 2012 12:00am
Apple, Google, Amazon, smartphone makers sign privacy accord

Apple, Google, Amazon, smartphone makers sign privacy accord

Six of the world's top consumer technology firms have agreed to provide greater privacy disclosures before users download applications in order to protect the personal data of millions of consumers, California's attorney general said on February 22.
Published 27 Feb, 2012 12:00am
Mozilla opens app store in challenge to smartphone giants

Mozilla opens app store in challenge to smartphone giants

In a challenge to the dominance of the smartphone giants, Firefox open-source browser maker Mozilla launched a store for web apps Wednesday, hoping to promote the use of smartphones that are not tied to one company's software.
Published 27 Feb, 2012 12:00am
Single-atom transistor busts the records

Single-atom transistor busts the records

Researchers in Australia said on February 19 they had made with pinpoint accuracy a working transistor consisting of a single atom, marking a major stride towards next-generation computing. The device comprises a single phosphorus atom, etched into a sili
Published 27 Feb, 2012 12:00am
Women more likely to click unfriend than men

Women more likely to click unfriend than men

Women are more likely than men to delete friends from their online social networks and tend to choose more restrictive privacy settings, according to a study published on February 24. The study by the Pew Research Center's Internet and American Life Proje
Published 27 Feb, 2012 12:00am
Animal diseases increasingly plague the oceans

Animal diseases increasingly plague the oceans

When dead sea mammals started washing ashore on Canada's west coast in greater numbers, marine biologist Andrew Trites was distressed to find that domestic animal diseases were killing them. Around the world seals, otters and other species are increasingl
Published 27 Feb, 2012 12:00am
Bird flu may not be so deadly after all: scientists

Bird flu may not be so deadly after all: scientists

Bird flu may be far less lethal to people than the World Health Organisation's assessment of a death rate topping 50 percent, scientists said on February 23 in a finding that adds fuel to the heated controversy over publication of bird flu research.
Published 27 Feb, 2012 12:00am
Exaggerated anxieties can lead to serious disorder

Exaggerated anxieties can lead to serious disorder

Have I really turned the iron off? This is the kind of question that comes up repeatedly, even when you know very well that the iron has been turned off. Fears of this kind can mutate into obsessive-compulsive disorder (OCD). Some people are so frightened
Published 27 Feb, 2012 12:00am
'Biological clock' is linked to heart attacks

'Biological clock' is linked to heart attacks

Scientists on February 22 said they had uncovered the first molecular proof that the "biological clock" is linked to a type of sudden, fatal heart attack. Ventricular arrhythmia, or abnormal heartbeat, occurs most frequently after waking in the morning -
Published 27 Feb, 2012 12:00am
Brain study finds what eases pain of financial loss

Brain study finds what eases pain of financial loss

Financial market traders and keen gamblers take note. Scientists have found that a chemical in the region of the brain involved in sensory and reward systems is crucial to whether people simply brush off the pain of financial losses.
Published 27 Feb, 2012 12:00am
Hepatitis C killing more Americans than HIV

Hepatitis C killing more Americans than HIV

Hepatitis C has surpassed HIV as a killer of U.S. adults, and screening all "baby boomers" could be one way to stem the problem, according to two new government studies.
Published 27 Feb, 2012 12:00am
10 Afghan nationals arrested

10 Afghan nationals arrested

A law enforcement agency has arrested ten Afghan nationals under Foreign Act. Official sources said that 10 Afghan nationals entered Pakistan from Afghanistan illegally. They were taken into custody as they could not produce travelling documents to LEA of
Published 27 Feb, 2012 12:00am
Teachers end protest on assurance

Teachers end protest on assurance

Teachers ended their protest after the government assurance that the reshuffle in Education Department has been cancelled. According to a statement issued here on Sunday, spokesman to Government Teachers' Association, Balochistan, Khalid Hussain said that
Published 27 Feb, 2012 12:00am
Miner dies in Duki

Miner dies in Duki

A coalminer died when he was hit by trolley during working inside a coalmine in Duki district. According to police, the victim identified as coalminer Hayatullah was working inside the coalmine when the trolley hit him. He died on the spot.
Published 27 Feb, 2012 12:00am
Balochistan issue: Army action no solution: Ijaz

Balochistan issue: Army action no solution: Ijaz

Chief of Pakistan Muslim League-Zia, Ijaz-ul-Haque has said that military action is not the solution to Balochistan issue. He was addressing a news conference at Quetta Press Club, here on Sunday.
Published 27 Feb, 2012 12:00am
HCCI hails decision to set up new university

HCCI hails decision to set up new university

Hyderabad Chamber of Commerce and Industry (HCCI) has hailed the announcement of Governor Sindh Dr Ishratul Ebad Khan for establishing a university in Hyderabad district. A general body meeting of the HCCI at its office on Sunday said the setting up of th
Published 27 Feb, 2012 12:00am
HESCO power shut down schedule

HESCO power shut down schedule

Hyderabad Electric Supply Company (HESCO) has announced that the areas connected with Tando Muhammad Khan grid station will get an irregular supply of electricity from February 27 to March 2. HESCO's spokesman Sadiq Kubar informed here on Sunday that HESC
Published 27 Feb, 2012 12:00am
19,000 teachers to be recruited to run 3,000 closed schools

19,000 teachers to be recruited to run 3,000 closed schools

Senior Sindh Minister for Education Pir Mazharul Haq has said that the provincial government would soon appoint 19,000 teachers to reopen more than 3,000 closed schools in Sindh. "To bring about a revolution in education, the system of small education boa
Published 27 Feb, 2012 12:00am
Sindh Police decides to modernise Forensic Department

Sindh Police decides to modernise Forensic Department

Sindh Police has decided to upgrade its Forensic Department on modern lines so as to ensure standard investigation, particularly, on important cases as well as to arrest the accused. This was decided in a meeting held with Inspector General of Sindh Polic
Published 27 Feb, 2012 12:00am
Professor Naushad chairs 30th syndicate Meeting

Professor Naushad chairs 30th syndicate Meeting

Vice Chancellor, Liaquat University of Medical & Health Science Jamshoro, Professor Naushad Ahmed Shaikh chaired 30th syndicate meeting at the campus. Syndicate committee passed several resolutions in the best interest of the University, students and the
Published 27 Feb, 2012 12:00am
Low in polls, Sarkozy stakes all on campaign verve

Low in polls, Sarkozy stakes all on campaign verve

Delivering thundering speeches in three cities that left him worked into a sweat aides had not seen in years, French President Nicolas Sarkozy showed in the first week of his re-election campaign that he has lost none of his oratorical power.
Published 27 Feb, 2012 12:00am
Indian police seize guns from Italian ship

Indian police seize guns from Italian ship

Indian police on Sunday seized machine guns alleged to have been used by soldiers on an Italian oil tanker to shoot two fishermen who were mistaken for pirates. The guns were removed from the Italian-flagged oil tanker Enrica Lexie, which has been docked
Published 27 Feb, 2012 12:00am
Iran election campaigners seek refuge in Islamic rhetoric

Iran election campaigners seek refuge in Islamic rhetoric

A picture of the Supreme Leader, Ayatollah Ali Khamenei, glares down from an enormous election banner onto a busy street in central Tehran, ahead of a crucial parliamentary vote in the Islamic state this week.
Published 27 Feb, 2012 12:00am
Explosive device found on empty Greek subway train

Explosive device found on empty Greek subway train

An explosive device which had not been activated was discovered on an empty subway train at an Athens metro station on Saturday evening, Greek police said. The train driver found the device hidden in a backpack left on a seat which contained two small gas
Published 27 Feb, 2012 12:00am
Senegal's Wade booed while voting in tense polls

Senegal's Wade booed while voting in tense polls

Senegal President Abdoulaye Wade, who is seeking to extend his 12-year rule in the West African state despite complaints he is violating term limits, was heckled by scores of voters as he cast his ballot on Sunday.
Published 27 Feb, 2012 12:00am
US democracy activists to go on trial in Egypt

US democracy activists to go on trial in Egypt

Dozens of democracy activists including 16 Americans go on trial in Egypt on Sunday in a politically charged case which has set off a crisis in relations between Cairo and Washington and threatened $1.3 billion in annual US military aid.
Published 27 Feb, 2012 12:00am
Oscar buzz grips Hollywood as 'Artist' eyes prize

Oscar buzz grips Hollywood as 'Artist' eyes prize

Hollywood is set for its biggest night of the year Sunday, as two odes to film-making - silent movie "The Artist" and Martin Scorsese's "Hugo" - vie for Oscars glory at the 84th Academy Awards. After months of campaigning and a flurry of lesser prizes, Ti
Published 27 Feb, 2012 12:00am
Suicide bomber attacks Nigerian church in Jos

Suicide bomber attacks Nigerian church in Jos

A suicide bomber drove a car packed with explosives into a church in the Nigerian city of Jos on Sunday, killing two people and wounding 38, and Christian youths beat two Muslims to death in revenge. A Reuters reporter at the scene of the blast saw two of
Published 27 Feb, 2012 12:00am
Energy imperatives for Pakistan

Energy imperatives for Pakistan

Noted nuclear scientist Dr Samar Mubarakmand has quite rightly underscored the need for developing indigenous resources - coal, natural gas, hydel, wind or solar - to meet growing energy needs of the country. Obviously, Pakistan does not have the required
Published 27 Feb, 2012 12:00am
Protecting labour rights

Protecting labour rights

The Industrial Relations Ordinance, 2011, is to expire on March 17, whilst post-18th Constitutional Amendment labour is no longer a federal subject. The federal government is responsible for defending workers' constitutional rights and is also duty-bound
Published 27 Feb, 2012 12:00am
US-Pakistan ties - II

US-Pakistan ties - II

All organs of the Pakistan government appear to be hesitant to take on the US in spite of frequent embarrassing verbal attacks by the US civilian as well as military/CIA leadership against their Pakistani counterparts.
Published 27 Feb, 2012 12:00am
Gas transmission lines: Regional integration

Gas transmission lines: Regional integration

Regional integration has remained a pipedream of the policymakers and the people of South Asia since the visionary idea of Saarc was floated in 1985. Periodic conferences including regular summits of heads of state/government have produced nothing tangibl
Published 27 Feb, 2012 12:00am
Australian mining plant in Malaysia faces resistance

Australian mining plant in Malaysia faces resistance

An Australian mining firm is facing growing resistance to its plan to operate a rare-earth refinery in an eastern Malaysian state, amid environmental health concerns. The woes of Lynas Corp Ltd worsened Sunday as thousands of people protested in several c
Published 27 Feb, 2012 12:00am
Is the Parliament supreme in Pakistan?

Is the Parliament supreme in Pakistan?

This is to comment on the frequent claim of our Prime Minister that he holds the parliament supreme which is sounding not very much convincing in face of the fact that the interior minister Rahman Malik, after four full years of the assassination of his p
Published 27 Feb, 2012 12:00am
"Getting 3G license is not a matter of survival," CMO, Telenor Pakistan

"Getting 3G license is not a matter of survival," CMO, Telenor Pakistan

A prominent telecom professional, Aamir Ibrahim, is currently serving as Vice-President and Chief Marketing Officer at Telenor Pakistan. He has 17 years of international management experience in blue chip companies, and has previously held senior sales an
Published 27 Feb, 2012 12:00am
"Getting 3G license is not a matter of survival," CMO, Telenor Pakistan

"Getting 3G license is not a matter of survival," CMO, Telenor Pakistan

A prominent telecom professional, Aamir Ibrahim, is currently serving as Vice-President and Chief Marketing Officer at Telenor Pakistan. He has 17 years of international management experience in blue chip companies, and has previously held senior sales an
Published 27 Feb, 2012 12:00am
55,000 display centres to start functioning from 29

55,000 display centres to start functioning from 29

As many as 55,000 Display Centres, mandated to correct mistakes in computerised voter lists, would start functioning across the country from Wednesday. According to an official of Election Commission of Pakistan (ECP) the Preliminary electoral rolls will
Published 27 Feb, 2012 12:00am
Women Spring extravaganza concludes

Women Spring extravaganza concludes

The three-day Women Spring extravaganza concluded here on Sunday with the participation of women from all walks of life to display and buy the products created by craftswomen.
Published 27 Feb, 2012 12:00am
General Wynne leaves for Uzbekistan, Azerbaijan

General Wynne leaves for Uzbekistan, Azerbaijan

General Khalid Shameem Wynne, Chairman of Joint Chiefs of Staff Committee, on Sunday left for a four-day official visit to Uzbekistan and Azerbaijan. According to ISPR, during the visit the Chairman will also meet the military leadership of Turkmenistan.
Published 27 Feb, 2012 12:00am
Aamer back home after release

Aamer back home after release

Disgraced cricketer Mohammad Aamer returned home early Sunday after his release from a British prison, an AFP reporter said. Aamer was one of three Pakistani players jailed by a judge in London in November over their roles in a plan to bowl deliberate no-
Published 27 Feb, 2012 12:00am
Aamer back home after release

Aamer back home after release

Disgraced cricketer Mohammad Aamer returned home early Sunday after his release from a British prison, an AFP reporter said. Aamer was one of three Pakistani players jailed by a judge in London in November over their roles in a plan to bowl deliberate no-
Published 27 Feb, 2012 12:00am
BRICS call for open selection of next World Bank chief

BRICS call for open selection of next World Bank chief

A meeting of BRICS major emerging countries discussed the selection process of the next head of the World Bank and emphasised it should be open to all countries, rejecting the tradition that the job automatically goes to an American, a senior BRIC officia
Published 27 Feb, 2012 12:00am
BRICS call for open selection of next World Bank chief

BRICS call for open selection of next World Bank chief

A meeting of BRICS major emerging countries discussed the selection process of the next head of the World Bank and emphasised it should be open to all countries, rejecting the tradition that the job automatically goes to an American, a senior BRIC officia
Published 27 Feb, 2012 12:00am
BRICS call for open selection of next World Bank chief

BRICS call for open selection of next World Bank chief

A meeting of BRICS major emerging countries discussed the selection process of the next head of the World Bank and emphasised it should be open to all countries, rejecting the tradition that the job automatically goes to an American, a senior BRIC officia
Published 27 Feb, 2012 12:00am