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Archive - 2012-04-01
Malik calls on CM Sindh
Top News

Malik calls on CM Sindh

KARACHI: Interior Minister, Abdul Rehman Malik, called on Sindh Chief Minister, Syed Qaim Ali Shah, on Sunday. At the me
Published 01 Apr, 2012 02:16pm
SC two benches for next week
Pakistan

SC two benches for next week

ISLAMABAD: Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted two benches at the Principal seat to hea
Published 01 Apr, 2012 12:42pm
PSDP suffers massive cuts
Top News

PSDP suffers massive cuts

ZAHEER ABBASI ISLAMABAD: The government massively slashed development expenditures to reduce its rising unplanned bud
Published 01 Apr, 2012 04:32am
Weekly inflation surges by 9.49pc
Top News

Weekly inflation surges by 9.49pc

RECORDER REPORT ISLAMABAD: Weekly inflation surged by 9.49 percent on March 29, over the same period of last week on
Published 01 Apr, 2012 04:16am
Car bombs kill 13 in southern Thailand
Top News

Car bombs kill 13 in southern Thailand

YALA: A series of car bombs killed 13 people and injured more than 500 in the deadliest attacks to hit the insurgency-to
Published 01 Apr, 2012 04:10am
CCBPL announces expansion of CSR programmes in Pakistan

CCBPL announces expansion of CSR programmes in Pakistan

Coca-Cola Beverages Pakistan Ltd (CCBPL) has announced the successful conclusion of their participation in the MARCON 2012, and the expansion of CCBPL's Corporate Social Responsibility programmes in Pakistan. At this year's conference, the CCBPL hosted an
Published 01 Apr, 2012 12:00am
Prices of essential food items increase substantially

Prices of essential food items increase substantially

The prices of most of the essential kitchen items witnessed substantial increase during the month under review as compared to the preceding month, reveals a survey conducted by Business Recorder here on Saturday. Traders in different markets of the
Published 01 Apr, 2012 12:00am
APCNGA rejects hike in CNG prices

APCNGA rejects hike in CNG prices

All Pakistan CNG Association (APCNGA) while rejecting hike in CNG prices asked the government to review the decision, saying it would put extra burden on masses especially commuters. Daily commuters will be badly hit by the increase in CNG price as 90 per
Published 01 Apr, 2012 12:00am
PTI hails Supreme Court verdict on RPP deals

PTI hails Supreme Court verdict on RPP deals

Pakistan Tehreek-e-Insaf (PTI) has hailed the Supreme Court verdict on contracts of Rental Power Plants (RPPs), terming it a victory for the people of Pakistan. According to PTI spokesperson on Saturday, PTI believed that the judgement would go a long way
Published 01 Apr, 2012 12:00am
No one will be allowed to rise above law: CJP

No one will be allowed to rise above law: CJP

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry said on Saturday that no one would be allowed to rise above the law and defile the rule of law. He was addressing Peshawar High Court Bar Association here at PHC building.
Published 01 Apr, 2012 12:00am
Elaborate planning, funds, dedicated work vital for research: HEC

Elaborate planning, funds, dedicated work vital for research: HEC

The Chairman Higher Education Commission (HEC) Dr Javaid Leghari has stressed upon the Universities, Scientists, further to expedite their research work, with qualitative education for meeting inevitable obstacles in progress and prosperity of the country
Published 01 Apr, 2012 12:00am
Customs-related reforms: FBR to set up new Directorate General

Customs-related reforms: FBR to set up new Directorate General

In a major move to introduce reforms in customs administration, the Federal Board of Revenue has decided to set up a Directorate General of 'Reforms, Automation and Risk Management' to deal with all customs-related reforms including computerisation, autom
Published 01 Apr, 2012 12:00am
MQM criticises ANP

MQM criticises ANP

The Co-ordination Committee of Muttahida Quami Movement (MQM) has said that ANP was hell-bent on subverting peace and order in Karachi by killing innocent Mohajirs and resorting to blatant terrorism. The committee warned that they would not be subjugated
Published 01 Apr, 2012 12:00am
Narcotics smuggling scandal: PLF lends support to Prime Minister's sons

Narcotics smuggling scandal: PLF lends support to Prime Minister's sons

Peoples Lawyers Forum (PLF) has condemned implication of Prime Minister's son Ali Musa Gilani in a narcotics smuggling scandal. PLF Punjab Chapter Senior Vice President Malik Nasir Awan and Additional General Secretary Rana Sufyan Arshad termed it a consp
Published 01 Apr, 2012 12:00am
AJK government to provide internet facility to 50 schools

AJK government to provide internet facility to 50 schools

The government of Azad Jammu and Kashmir (AJK) would provide internet facility to 50 public sector schools in AJK and also conduct internet workshops in the educational institutions of the state. The AJK government on Friday formally signed a pact with th
Published 01 Apr, 2012 12:00am
Oxford CEO meets PU vice chancellor

Oxford CEO meets PU vice chancellor

Oxford and global Chief Executive Officer, Warden of Rhodes House, the Rhodes Trust and Rhodes Scholarships, world's oldest international graduate scholarship programme, Dr Donald Markwell, called on Punjab University Vice Chancellor Professor Doctor Muja
Published 01 Apr, 2012 12:00am
CNG pumps closure makes commuters' life miserable

CNG pumps closure makes commuters' life miserable

The closure of Compressed Natural Gas (CNG) stations in the Potohar region makes commuters life miserable as they wait long for public transport at bus stops, revealed a survey conducted by Business Recorder on Saturday. According to the plan CNG s
Published 01 Apr, 2012 12:00am
PAAPAM takes exception to prolonged power outages

PAAPAM takes exception to prolonged power outages

Chairman Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), Syed Nabeel Hashmi on Saturday took strong exception to prolonged power outages and over-billing. He suggested the centre to transfer responsibility of power distrib
Published 01 Apr, 2012 12:00am
Additional resources provided to achieve MDGs: minister

Additional resources provided to achieve MDGs: minister

Minister for Labour Welfare Punjab, Haji Ehsanuddin Qureshi has said that additional resources have been provided to accelerate the efforts for prompt achievement of Millennium Development Goals (MDGs), whereas, the major focus of the government is on pro
Published 01 Apr, 2012 12:00am
Pakistan ranks sixth among highest Tuberculosis burden countries

Pakistan ranks sixth among highest Tuberculosis burden countries

Pakistan ranks 6th among the highest TB burden countries of the world while each year, an estimated 420,000 new patients add up to the country's escalating TB burden. Mir Hazar Khan Bijarani, Federal Minister of Inter-provincial Co-ordination said while a
Published 01 Apr, 2012 12:00am
Awan no longer PPP vice presidentship?

Awan no longer PPP vice presidentship?

The lovey-dovey days of former law minister Senator Babar Awan, who is thought to be a closest aide of President Asif Ali Zardari once, are gone, as he is said to have been removed from PPP vice presidentship. According to insiders privy to the developmen
Published 01 Apr, 2012 12:00am
Action taken against profiteers

Action taken against profiteers

On the directions of District Co-ordination Officer Lahore, Town Magistrates Noor-ul-Amin Mengal, has taken action against profiteers in the city during last 48 hours and price control Magistrates inspected 304 shops and they challaned 65 shopkeepers, whi
Published 01 Apr, 2012 12:00am
SNF chief demands caretaker setup in Sindh

SNF chief demands caretaker setup in Sindh

Mumtaz Bhutto, Chief of Sindh National Front (SNF), on Saturday demanded the establishment of a caretaker setup in Sindh saying if the PPP government continues, the country would weaken further. This he said while addressing a press conference at Karachi
Published 01 Apr, 2012 12:00am
JKSM welcomes UN official's report

JKSM welcomes UN official's report

The Jammu and Kashmir Salvation Movement (JKSM) has welcomed the UN Special Rapporteur Christof Heyns's report in which India has been urged to repeal all draconian laws, including Armed Forces Special Powers Act (AFSPA) from Jammu and Kashmir.
Published 01 Apr, 2012 12:00am
Shutter-down strike observed by major Lahore markets

Shutter-down strike observed by major Lahore markets

All the major markets of Lahore observed shutter down strike on Saturday against electricity loadshedding. According to the survey conducted by Daily Business Recorder, major markets of Lahore, including Akbari Mandi, Paper Market, Currency Market,
Published 01 Apr, 2012 12:00am
Jamaat-i-Islami condemns Karachi violence

Jamaat-i-Islami condemns Karachi violence

While condemning the bloodletting going on in Karachi, Jamaat-i-Islami Ameer, Syed Munawar Hasan has said that each party in the PPP-MQM-ANP ruling alliance wanted to tighten its grip on the port city exclusively. He said that the ruling parties in Sindh
Published 01 Apr, 2012 12:00am
APHC deplores conviction of Dr Fai

APHC deplores conviction of Dr Fai

Convenor of All Parties Hurriyet Conference AJK chapter Mehmood Ahmed Saghar deploring conviction of Dr Ghulam Nabi Fai by a US court, saying that he was a proud son of Kashmir who had been championing Kashmiris' legitimate case at international level for
Published 01 Apr, 2012 12:00am
PIAF concerned over targeted killings in Karachi

PIAF concerned over targeted killings in Karachi

The Pakistan Industrial and Traders Association Front (PIAF) has expressed deep concern over targeted killings in Karachi. PIAF Chairman Sohail Lashari in a statement on Saturday urged government to take immediate measures to stop killings. The situation
Published 01 Apr, 2012 12:00am
Power shortfall crosses 5,000 megawatts mark

Power shortfall crosses 5,000 megawatts mark

Power shortfall has crossed 5,000MW due to short supply of both hydel and thermal sources. The domestic and commercial consumers faced cumbersome situation with rise in mercury in city. The power breakdowns occurred after every hour, leading to losses of
Published 01 Apr, 2012 12:00am
PTI criticises PML-N for violating Section 144

PTI criticises PML-N for violating Section 144

Pakistan Tehrik-e-Insaf (PTI) Punjab has criticised the PML-N for violating Section 144 by taking out protest rally on the Mall Road and urged the Lahore High Court (LHC) to take notice of the violation.
Published 01 Apr, 2012 12:00am
PML-N holds rally against power outages, inflation

PML-N holds rally against power outages, inflation

Pakistan Muslim League-Nawaz (PML-N) Saturday took out a rally against the long-hour electricity load shedding, inflation and corruption, from the Muslim Mosque, Lohari Chowk to Bhatti Chowk amid slogans of "Go Zardari Go" and "Prime Minister Nawaz Sharif
Published 01 Apr, 2012 12:00am
Traders hold demonstration against loadshedding, fuel surcharge

Traders hold demonstration against loadshedding, fuel surcharge

Hundreds of traders on Saturday held a protest demonstration against load shedding and fuel adjustment surcharge in electricity bills by the MEPCO authorities. The protest rally was organised by the Markazi Anjuman-e-Tajiran, was started from Chowk Bazar
Published 01 Apr, 2012 12:00am
Training workshop held at LGH Radiology department

Training workshop held at LGH Radiology department

Professor Dr Mansoor Bakhtiari, Head of Radiology Department, Lahore General Hospital (LGH) has said that his department has so far parted training of FCP DMRD to 25 doctors who are serving at various hospitals of the province. Speaking at a training work
Published 01 Apr, 2012 12:00am
Jamaat-i-Islami criticises POL prices hike

Jamaat-i-Islami criticises POL prices hike

Jamaat-i-Islami, Ameer, Syed Munawar Hasan and JI Secretary General, Liaqat Baloch, have condemned the exorbitant raise in POL prices and demanded its immediate withdrawal. In a joint statement on Saturday, they said that the fresh high raise was another
Published 01 Apr, 2012 12:00am
Nawaz concerned over Karachi situation

Nawaz concerned over Karachi situation

Pakistan Muslim League-Nawaz President Muhammad Nawaz Sharif has expressed deep concern over the situation in Karachi, the City of Lights. Expressing his sympathies with the families of those who lost their lives in the tragic incidents in Karachi, Nawaz
Published 01 Apr, 2012 12:00am
Non-payment of customs rebate criticised

Non-payment of customs rebate criticised

Textile exporters have criticised non-payment of custom rebate for the last two years from Faisalabad Dry port model collectorate. Millions of rupees in rebate are stuck up creating severe liquidity crunch for exporters who are already suffering from cont
Published 01 Apr, 2012 12:00am
Engro celebrates Earth Hour

Engro celebrates Earth Hour

Engro Corporation and Fertilisers celebrated Earth Hour by organising a candle light vigil at their head office under the lead of Wajid Junejo under Green Office Initiative in a step to show solidarity with the global activity to showcase support for clim
Published 01 Apr, 2012 12:00am
HCCI team to attend Sri Lankan Exposition 2012

HCCI team to attend Sri Lankan Exposition 2012

A 6-member's delegation of Hyderabad Chamber of Commerce and Industry (HCCI) had left for Sri Lanka to attend the Sri Lankan Expo 2012, which will be held on 64th Independence Day of Sri Lanka. The delegation is headed by the HCCI president Gohar Ullah, f
Published 01 Apr, 2012 12:00am
LDA to spend Rs 1.48 billion for development projects

LDA to spend Rs 1.48 billion for development projects

Lahore Development Authority (LDA) has decided to execute various development projects in the city at a total cost of Rs 1.48 billion. "An amount of Rs 1.28 billion will be spent on constructions of new roads and improvement, widening and rehabilitation o
Published 01 Apr, 2012 12:00am
US-Taliban contacts: Qazi for inclusion of Mulla Omar in peace talks

US-Taliban contacts: Qazi for inclusion of Mulla Omar in peace talks

Former Jamaat-i-Islami Chief, Qazi Hussein Ahmad on Saturday said that they have no objection over the negotiations of United States with Taliban but he said that the real representative of Taliban is Mulla Omar and he should be taken on board in this reg
Published 01 Apr, 2012 12:00am
HEBK evolving platform for SSC activities

HEBK evolving platform for SSC activities

Service Sales Corporation's CSR programme "Her Eik Bantay Khusiyan" (HEBK) had been running for the past three years and encapsulates the noble intent of Service Sales Corporation. SSC had proudly partnered with the SKMT&RC providing comprehensive care fr
Published 01 Apr, 2012 12:00am
Over 1,000 SSUET graduates conferred degrees

Over 1,000 SSUET graduates conferred degrees

Over 1,000 passing out graduates were conferred degrees at the 15th convocation of Sir Syed University of Engineering and Technology (SSUET) here on Saturday. Speaking on the occasion, SSUET Chancellor Z A Nizami said the institution had been playing a ma
Published 01 Apr, 2012 12:00am
Masood Hashmi re-elected MAP President

Masood Hashmi re-elected MAP President

Masood Hashmi has been re-elected unopposed as the President of Marketing Association of Pakistan (MAP), at the Annual General Meeting of MAP held in Karachi. Imran Ahmed (Time/CNN) as Vice President, Amir Pasha (Visa Inter) as Honorary Secretary and Shoa
Published 01 Apr, 2012 12:00am
Prime Minister condoles deaths of Dr Sarfraz, Dost Muhammad

Prime Minister condoles deaths of Dr Sarfraz, Dost Muhammad

Prime Minister Syed Yusuf Raza Gilani on Saturday expressed grief and sorrow over the demise of Director Nazria-e-Pakistan Trust Dr Sarfraz Hussain, who died after prolonged illness in Lahore on Saturday. The Prime Minister, in a condolence message to the
Published 01 Apr, 2012 12:00am
Malala nominated as Khyber Pakhtunkhwa Youth Ambassador

Malala nominated as Khyber Pakhtunkhwa Youth Ambassador

The provincial government of Khyber Pakhtunkhwa has nominated Malala Yousufzai, a school student who received world fame with winning International Children Peace Award, as Youth Ambassador of the province. This was stated by KP Minister for Tourism and Y
Published 01 Apr, 2012 12:00am
Security measures: SU students to get cards in different colours

Security measures: SU students to get cards in different colours

The Deans Committee has decided to issue cards in different colours to the students of the various disciplines of the University of Sindh to strengthen the security measures taken for the improvement of the law and order at the Campus. The decision in thi
Published 01 Apr, 2012 12:00am
Crime rate in Islamabad on the rise

Crime rate in Islamabad on the rise

Eight vehicles were stolen from different parts of the city and two dead bodies were recovered from Rawal Dam, besides killing a woman during the last week. The city police have also registered two cases each of robbery and road accident in which two pers
Published 01 Apr, 2012 12:00am
Five killed in road accident

Five killed in road accident

At least five persons were killed and many others were injured when a passenger bus collided with a truck on Saturday, police said. According to the details, the bus was on its way from Karachi to Larkana but collided with a truck. After the accident, pol
Published 01 Apr, 2012 12:00am
Bhoja Air launches Karachi-Islamabad flight

Bhoja Air launches Karachi-Islamabad flight

Bhoja Air launched its Islamabad sector on March 30, 2012. The first flight took off from Karachi for Islamabad on schedule time at 0815 hrs. The aircraft landed at Islamabad airport at 1015 hrs. The flight was greeted by local media professionals and sen
Published 01 Apr, 2012 12:00am
LCCI arranges OIC ambassadors' conference on April 14

LCCI arranges OIC ambassadors' conference on April 14

OIC Ambassadors Conference being arranged by the Lahore Chamber of Commerce and Industry (LCCI) scheduled for April 14, 2012, would be a great landmark. Additional Foreign Secretary Munawar Saeed stated this while talking to the LCCI President Irfan Qaise
Published 01 Apr, 2012 12:00am
State of human rights in Pakistan

State of human rights in Pakistan

The Human Rights Commission of Pakistan's report on "state of human rights in 2011" in Pakistan makes the disturbing though not surprising disclosure that rights violations increased manifold during the year, offering the unpalatable explanation that this
Published 01 Apr, 2012 12:00am
Import of injurious waste

Import of injurious waste

Safe disposal of industrial, chemical, clinical and radioactive waste is one of the most serious challenges confronting the governments today. No doubt new technological advances, improved medical care and voluminous industrial production has greatly impr
Published 01 Apr, 2012 12:00am
Credit risk process

Credit risk process

Hindsight is better than foresight. These wise words are commonly uttered by professionals across the world. However, the architects of risk management model take into account both aspects mentioned in the aforementioned saying. In a bank or financial ins
Published 01 Apr, 2012 12:00am
Citizens invited to 'set agenda' with new EU petition power

Citizens invited to 'set agenda' with new EU petition power

Ever dreamed of goading the European Union into passing new legislation? From Sunday, residents will be able to do so for the first time - provided they manage to rally 1 million people to their cause, that is. The European Citizens' Initiative (ECI) was
Published 01 Apr, 2012 12:00am
The war is far from over along Yemen's forgotten frontline

The war is far from over along Yemen's forgotten frontline

The wind ripples through light green leaves of bushes on fields tended by Mutaab al-Jandubi's family. One of the Yemeni farmer's daughters is playing idly in front of the house, some 30 kilometres north of the capital Sana'a. The barefooted girl with the
Published 01 Apr, 2012 12:00am
Most resource-rich country?

Most resource-rich country?

Pakistan's celebrated nuclear scientist Dr Samar Mubarakmand has said that Pakistan is one of the most resource-rich countries in the world in terms of its vast mineral wealth, including gold and copper reserves valued at 373 billion dollars and 185 billi
Published 01 Apr, 2012 12:00am
IN SHORT: Indonesia's ICDX prepares to launches tin, rubber contract

IN SHORT: Indonesia's ICDX prepares to launches tin, rubber contract

The Indonesia Commodity and Derivative Exchange (ICDX) hopes to launch tin futures by next year, its CEO said on Monday, in a bid to give producers in the world's top exporter of the base metal more control over prices. The ICDX launched a physical tin co
Published 01 Apr, 2012 12:00am
IN SHORT: Kenya's top grade tea prices fall

IN SHORT: Kenya's top grade tea prices fall

The average price for top Kenyan tea fell to $3.26 at auction this week, down from $3.36 previously, after holding steady for three weeks, brokers said on Wednesday. Kenya is a leading exporter of black tea, which is the top foreign exchange earner in eas
Published 01 Apr, 2012 12:00am
Argentina soya output seen at 45 million tonnes

Argentina soya output seen at 45 million tonnes

Argentine 2011/12 soy output is seen at 45 million tonnes versus a previous forecast of 46.2 million tonnes, the Buenos Aires Grains Exchange said on Thursday, citing drought-related losses in northern growing areas. A dry spell at the height of the South
Published 01 Apr, 2012 12:00am
Turkish gold imports seen down

Turkish gold imports seen down

Turkey's gold imports have plunged 57 percent to 7.2 tonnes so far this year and are likely to be around 37 percent lower in 2012 than in 2011 due to higher global prices for the metal and a weaker lira, the head of the Istanbul Gold Exchange said. Demand
Published 01 Apr, 2012 12:00am
Commodity prices head south as US eyes more stimulus

Commodity prices head south as US eyes more stimulus

Commodity prices mainly fell over the week despite the prospect of further US stimulus, while benchmark oil futures were dragged down by easing concerns over stretched supplies. Federal Reserve chief Ben Bernanke on Monday said that the US central bank wo
Published 01 Apr, 2012 12:00am
India may not allow fresh cotton exports

India may not allow fresh cotton exports

India is unlikely to allow fresh cotton exports when ministers meet next week and may not lift the ban at least until July, government and trade sources said. The meeting on April 3 could approve only some of the 2.5 million Earlier this month, India halt
Published 01 Apr, 2012 12:00am
Vietnam's coffee exports seen falling

Vietnam's coffee exports seen falling

March coffee exports by Vietnam, the world's second largest exporter, are estimated to rise by a quarter from a year ago, while its shipments in the first six month of the current 2011/2012 crop year eased 4.6 percent to nearly 13 million bags, government
Published 01 Apr, 2012 12:00am
Manila, China order to lift Vietnamese rice prices

Manila, China order to lift Vietnamese rice prices

Prices for Vietnamese rice are set to rise in coming weeks on loading demand from the Philippines and China, while Thai prices have started to ease as demand from Nigeria subsides, traders and exporters said on Wednesday. Five percent broken rice widened
Published 01 Apr, 2012 12:00am
Palm oil to rise to $1,303 a tonne by end June

Palm oil to rise to $1,303 a tonne by end June

Malaysian palm oil futures are likely to rise to 4,000 ringgit ($1,303) per tonne by end-June as demand increases ahead of the Muslim fasting month of Ramadan while Southeast Asian supplies diminish, top industry analyst Dorab Mistry said on Tuesday.
Published 01 Apr, 2012 12:00am
India's 2012 gold imports seen at two-year low

India's 2012 gold imports seen at two-year low

India's decision to double gold import duty to four percent could cut gold imports by a third in 2012 to their lowest level in two years, allowing China to overtake it and become the world's biggest buyer of bullion, a Reuters poll revealed.
Published 01 Apr, 2012 12:00am
US gold rises on bargain hunting; open interest sinks

US gold rises on bargain hunting; open interest sinks

Gold prices eked out small gains on Friday on the back of a weaker dollar and as traders sought bargains after the previous session's sell-off and as the first quarter neared its end. Bullion was set to end the quarter up 6.6 percent, having outperformed
Published 01 Apr, 2012 12:00am
Thai raw sugar premiums barely move in Asia

Thai raw sugar premiums barely move in Asia

Thai raw sugar premiums barely moved in Asia this week after volatile New York futures scared off consumers, but trading houses noted inquiries for white sugar from Vietnam, dealers said on Tuesday. The physical market was waiting for Indonesia to buy sug
Published 01 Apr, 2012 12:00am
40 killed in Yemen

40 killed in Yemen

At least 40 people were killed in heavy fighting on Saturday between the army and suspected al Qaeda militants in Yemen's southern province of Lahij, officials said. "Twenty-eight soldiers were killed" in the fighting which erupted when the Islamist fight
Published 01 Apr, 2012 12:00am
Libyan Prime Minister announces truce to end deadly Sabha clashes

Libyan Prime Minister announces truce to end deadly Sabha clashes

Libya's interim government on Saturday announced a cease-fire aimed at ending six days of deadly tribal clashes in a southern desert oasis that cost more than 150 lives. "We announce that reconciliation efforts have resulted in an accord on a cease-fire,"
Published 01 Apr, 2012 12:00am
Documents show debate over handling of 9/11 remains

Documents show debate over handling of 9/11 remains

Cremated remains that may have included those of victims of the September 11 attacks were incinerated and sent to a landfill despite an internal debate in which some officials at the main US military mortuary recommended the ashes be dispersed at sea.
Published 01 Apr, 2012 12:00am
China shuts websites, detains six for spreading online rumours

China shuts websites, detains six for spreading online rumours

Chinese authorities shut 16 websites and detained six people accused of spreading rumours of unusual military vehicle movements in Beijing, state media reported, after the political downfall of one of the ruling communist party's senior leaders. Authoriti
Published 01 Apr, 2012 12:00am
Hu wants Cambodia help on China Sea dispute, pledges aid

Hu wants Cambodia help on China Sea dispute, pledges aid

Chinese President Hu Jintao asked close economic ally Cambodia on Saturday not to push talks on the vexed issue of the South China Sea "too fast" as he pledged to double bilateral trade to $5 billion and announced fresh aid to the impoverished country.
Published 01 Apr, 2012 12:00am
North Korea criticises US aid suspension, warns on deal

North Korea criticises US aid suspension, warns on deal

North Korea on Saturday criticised the US suspension of food aid over its planned rocket launch as an "overreaction", warning it would render last month's deal on a nuclear freeze null and void. "The US overreaction to the DPRK (North Korea's) plan... has
Published 01 Apr, 2012 12:00am
Triple bomb attack kills 10 in Thailand

Triple bomb attack kills 10 in Thailand

Three bomb attacks minutes apart killed 10 people and wounded more than 100 on Saturday in the main town in Thailand's insurgency-hit far south. The blasts hit the centre of Yala town around midday as families were out shopping, in the most deadly attack
Published 01 Apr, 2012 12:00am
US deports Liberian former rebel for alleged abuses

US deports Liberian former rebel for alleged abuses

A former Liberian rebel leader accused of commissioning killings and recruiting child soldiers during a bloody civil war in the 1990s arrived in his West African country a free man late on Friday after being deported from the United States. George Saigbe
Published 01 Apr, 2012 12:00am
Syria says revolt over, Assad foes keep up pressure

Syria says revolt over, Assad foes keep up pressure

Syria says a year-long revolt to topple President Bashar al-Assad is now over, but it will keep its forces in cities to "maintain security" until it is safe to withdraw in line with a UN-backed peace deal. The agreement proposed by United Nations-Arab Lea
Published 01 Apr, 2012 12:00am
NRC grants second US nuclear reactor licence in 30 years

NRC grants second US nuclear reactor licence in 30 years

The US Nuclear Regulatory Commission on Friday approved a licence for Scana Corp to build two reactors at the Summer nuclear station in South Carolina, the agency's second approval of additional nuclear units to be built in two months after a 30-year cons
Published 01 Apr, 2012 12:00am
UAE closes Dubai office of US pro-democracy group

UAE closes Dubai office of US pro-democracy group

The United Arab Emirates has closed the Dubai office of the National Democratic Institute, a US-funded pro-democracy group that was the subject of a crackdown in Egypt, the US State Department said on Friday. "We understand that the UAE government has clo
Published 01 Apr, 2012 12:00am
Investors turn a bit bullish on yuan, but cut more Asia FX bets

Investors turn a bit bullish on yuan, but cut more Asia FX bets

Investors turned slightly optimistic on the Chinese yuan in the last two weeks as Beijing is expected to widen the currency's trading band rather than weakening it, a Reuters poll showed on Thursday. But investors scaled back long positions on other emerg
Published 01 Apr, 2012 12:00am
Canadian dollar rallies two percent in first quarter of 2012

Canadian dollar rallies two percent in first quarter of 2012

The Canadian dollar's momentum stalled in March as the rally in equity markets ebbed on global growth concerns, but the resource-heavy currency still finished the first quarter up nearly 2 percent against its US counterpart. On Friday the Canadian dollar
Published 01 Apr, 2012 12:00am
US dollar long bets rise to most since January

US dollar long bets rise to most since January

Currency speculators boosted their bets in favour of the US dollar in the latest week to most since January, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $19.58 bil
Published 01 Apr, 2012 12:00am
Sri Lankan rupee slips

Sri Lankan rupee slips

Sri Lanka's rupee ended weaker on Friday as demand for dollars from importers outweighed dollar sales by exporters and residents exchanging remittances from workers abroad ahead of festivals in April to mark the local new year. The rupee weakened to 128.1
Published 01 Apr, 2012 12:00am
Euro gains versus dollar and yen on Spain cuts

Euro gains versus dollar and yen on Spain cuts

The euro rallied against the dollar and the yen on Friday after budget cuts in Spain boosted hopes the country could stick to an austerity path, though mixed US data capped some gains. Spain presented a budget that aims to save more than 27 billion euros
Published 01 Apr, 2012 12:00am
Key Euribor rates track lower

Key Euribor rates track lower

Key eurozone bank-to-bank lending rates fell to a new 21-month low on Friday as the ECB's injection of over 1 trillion euros into the euro zone's financial system over the past couple of months continued to exert downward pressure. The ECB gave euro area
Published 01 Apr, 2012 12:00am
Latam currencies mixed

Latam currencies mixed

Mexico's peso weakened while Brazil's real strengthened slightly on Friday as mixed US economic data and more rescue funds for Europe were not enough to sustain a rally at the quarter's end. Latin America's local currency markets gained early in the sessi
Published 01 Apr, 2012 12:00am
African currencies outlook: Uganda's shilling likely to slide

African currencies outlook: Uganda's shilling likely to slide

Uganda's shilling is expected to slide further next week as tumbling yields and high inflation cool offshore demand for the east African nation's debt. Tight liquidity in Kenya and Uganda is likely to keep their currencies steady against the dollar.
Published 01 Apr, 2012 12:00am
Central East European currencies gain

Central East European currencies gain

Hungary's forint and Poland's zloty looked set to end March with their biggest quarterly gains versus the euro in years, despite an emerging European rally losing steam on economic concerns and unease over Budapest's slow progress in getting aid. Euro zon
Published 01 Apr, 2012 12:00am
Wall Street closes stellar quarter on up note

Wall Street closes stellar quarter on up note

US stocks closed their strongest quarter in more than two years on a positive note on Friday, led by recently underperforming sectors, including energy and health care. Despite falling six out of the last nine sessions, the S&P 500 gained 12 percent in th
Published 01 Apr, 2012 12:00am
Treasuries in worst quarter since 2010

Treasuries in worst quarter since 2010

Prices of US government debt fell on Friday, ending the worst quarter for Treasuries since the final quarter of 2010, but some strategists said the stage could be set for steady or even lower yields in coming quarters. An afternoon sell-off reversed early
Published 01 Apr, 2012 12:00am
Treasuries in worst quarter since 2010

Treasuries in worst quarter since 2010

Prices of US government debt fell on Friday, ending the worst quarter for Treasuries since the final quarter of 2010, but some strategists said the stage could be set for steady or even lower yields in coming quarters. An afternoon sell-off reversed early
Published 01 Apr, 2012 12:00am
Toronto index rises on resources; notches quarterly gains

Toronto index rises on resources; notches quarterly gains

Toronto's main stock index ended on a positive note on Friday after falling for three straight sessions, led by firm commodity prices as the resource-heavy market notched its best quarterly gain in a year. The market's key pillars of materials and energy,
Published 01 Apr, 2012 12:00am
FTSE 100 seen at 6,100 by year-end

FTSE 100 seen at 6,100 by year-end

A less turbulent European debt crisis and improving global economic prospects are expected to help Britain's FTSE 100 share index rise a further 5 percent from current levels by the end of 2012 after a mid-year reverse, according to a Reuters poll. The me
Published 01 Apr, 2012 12:00am
ADR report: foreign stocks post best quarter in six

ADR report: foreign stocks post best quarter in six

US-listed shares of foreign companies rose on Friday, tracking major global markets, to close their best quarter in six as investors once again favoured equities over other assets. Bets that China's economy would avoid a hard landing, a move to contain th
Published 01 Apr, 2012 12:00am
Latin American stocks show strong first quarter

Latin American stocks show strong first quarter

Latin American stocks ended the first quarter of 2012 strongly on Friday with Brazil's Bovespa and Chile's IPSA posting their sharpest quarterly gains since September 2010. With fears of a European debt crisis easing and a slowly improving economy in the
Published 01 Apr, 2012 12:00am
Much of US stock rally might be over for 2012

Much of US stock rally might be over for 2012

Signs of an improving US economy and a liquidity boost from the European Central Bank have lifted expectations for the main US share market indexes, but most of the year's gains may be in the rear view mirror after a sizeable rally, a Reuters poll of mark
Published 01 Apr, 2012 12:00am
JGBs edge up on month-end buying

JGBs edge up on month-end buying

Japanese government bond prices were firmer on Friday, helped by month-end buying by pension funds and caution over the health of the global economy, although they underperformed stocks in the Japanese financial year that ends this month. Some market play
Published 01 Apr, 2012 12:00am
JGBs edge up on month-end buying

JGBs edge up on month-end buying

Japanese government bond prices were firmer on Friday, helped by month-end buying by pension funds and caution over the health of the global economy, although they underperformed stocks in the Japanese financial year that ends this month. Some market play
Published 01 Apr, 2012 12:00am
Emerging markets spearhead rising stocks this year

Emerging markets spearhead rising stocks this year

Booming emerging markets will spearhead any further rise of global stock indexes in 2012, as the growth spurt enjoyed by some major Western markets since the start of the year peters out, Reuters polls found on Thursday. Following a torrid 2011 that wiped
Published 01 Apr, 2012 12:00am
Emerging markets spearhead rising stocks this year

Emerging markets spearhead rising stocks this year

Booming emerging markets will spearhead any further rise of global stock indexes in 2012, as the growth spurt enjoyed by some major Western markets since the start of the year peters out, Reuters polls found on Thursday. Following a torrid 2011 that wiped
Published 01 Apr, 2012 12:00am
West Indies beat Aussies to draw T20 series

West Indies beat Aussies to draw T20 series

Dwayne Smith smashed a half-century before Fidel Edwards and Marlon Samuels bowled superbly to lead West Indies to a 14-run win over Australia in their second Twenty20 international on Friday. Smith belted 63 off just 34 balls, featuring six boundaries an
Published 01 Apr, 2012 12:00am
Germany down Japan to reach men's world final

Germany down Japan to reach men's world final

Hosts and second seeds Germany booked their place in the men's final at the world team table tennis championships with a 3-1 win over Japan in Saturday's semi-final. In front of a 10,000 crowd at Dortmund's Westfalenhallen, Dimitrij Ovtcharov gave the Ger
Published 01 Apr, 2012 12:00am
Gambhir assault not enough for India

Gambhir assault not enough for India

A blazing innings by India's Gautam Gambhir could not prevent a South African win in a rain-hit one-off Twenty20 international at the Wanderers Stadium on Friday. Gambhir slammed 49 not out off 28 balls as India raced to 71 for no wicket in 7.5 overs in r
Published 01 Apr, 2012 12:00am
City suffer title blow despite late fightback

City suffer title blow despite late fightback

Manchester City's challenge for the Premier League title suffered a setback as they were forced to stage a late fightback just to salvage a 3-3 draw against Sunderland at Eastlands on Saturday. With leaders Manchester United not in action until Monday's t
Published 01 Apr, 2012 12:00am
Sri Lanka lose Welegedara for final Test

Sri Lanka lose Welegedara for final Test

Sri Lanka seamer Chanaka Welegedara was Saturday ruled out of the second and final Test against England due to a groin injury and replaced by Shaminda Eranga. All-rounder Angelo Mathews returned to the 14-man squad for the Test starting at the P. Sara Ova
Published 01 Apr, 2012 12:00am
Phelps impresses in 400m medley

Phelps impresses in 400m medley

Michael Phelps notched the third-fastest 400m medley time of the year at the Indianapolis Grand Prix on Friday - raising the prospect he could reprise his Olympic challenge in the event. Phelps swore he wouldn't race the demanding event again after he won
Published 01 Apr, 2012 12:00am
Faysal Bank T20 Cup: Shahzaib steers Karachi Dolphins to final

Faysal Bank T20 Cup: Shahzaib steers Karachi Dolphins to final

Right-handed opening batsman Shahzaib Hassan's superb innings of 57 runs dragged Karachi Dolphins into the final of Faysal Bank Super Eight Twenty-20 Cup here at Rawalpindi Stadium on Saturday. Shahzaib scored 57 on just 28 balls that included 6 fours and
Published 01 Apr, 2012 12:00am
Djokovic sets up Miami title clash with Murray

Djokovic sets up Miami title clash with Murray

Reigning champ Novak Djokovic beat a stubborn 21st-seeded Juan Monaco 6-0, 7-6 (7/5) Friday to book a re-match of the 2009 Miami Masters final with Scotland's Andy Murray. Murray, who got the better of Djokovic in the 2009 title match, reached the final o
Published 01 Apr, 2012 12:00am
T20 damaging cricket, says Miandad

T20 damaging cricket, says Miandad

Legendary player Javed Miandad, said that the game of cricket is losing its charm for over a decade because of commercialisation of the game and the T20 cricket boom.
Published 01 Apr, 2012 12:00am
Bayern win in Nuremberg to boost title hopes

Bayern win in Nuremberg to boost title hopes

Bayern Munich threw the Bundesliga title race wide open when Arjen Robben gave them a 1-0 win at Nuremburg on Saturday, closing the gap on leaders Borussia Dortmund to three points. The Dutchman struck his 11th league goal of the season in the 68th minute
Published 01 Apr, 2012 12:00am
Myanmar prepares to vote with Suu Kyi poised for win

Myanmar prepares to vote with Suu Kyi poised for win

Myanmar was making final preparations Saturday for polls seen as a test of the military-dominated regime's reforms, in which opposition leader Aung San Suu Kyi is standing for the first time. Many polling stations in the 45 constituencies spread across th
Published 01 Apr, 2012 12:00am
World's biggest Titanic attraction opens in Belfast

World's biggest Titanic attraction opens in Belfast

The largest Titanic visitor attraction in the world opened in the ship's Belfast birthplace on Saturday, some 100 years after the doomed liner was built in the same yards. Almost 100,000 tickets for Titanic Belfast, a striking aluminium-clad building whic
Published 01 Apr, 2012 12:00am
Cruise ship heads for Malaysian port after engine fire

Cruise ship heads for Malaysian port after engine fire

A cruise ship temporarily stranded off the south Philippines coast after a fire disabled engines, injuring five crew, is heading for an eastern Malaysia port under emergency power, the Philippines coast guard and the ship's owner said on Saturday.
Published 01 Apr, 2012 12:00am
Three winners share record $640 million US lottery

Three winners share record $640 million US lottery

The largest lottery jackpot in US history of $640 million has at least three winners who bought tickets in Maryland, Illinois and Kansas, and officials were waiting on Saturday for the winners to come forward. Lottery officials in Maryland and Illinois sa
Published 01 Apr, 2012 12:00am
Yemen LNG says pipe blast to cut exports by four cargoes

Yemen LNG says pipe blast to cut exports by four cargoes

The closure of the Yemen LNG terminal, after its feed pipeline was blown up on Friday night, is expected to cut its super-cooled gas exports by about four cargoes, the operator said in a statement. Gunemn blew up the 38 inch gas pipeline that links Yemen'
Published 01 Apr, 2012 12:00am
Fiji floods leave hundreds of tourists stranded

Fiji floods leave hundreds of tourists stranded

Hundreds of tourists were stranded in Fiji on Saturday after the South Pacific nation was hit by flash floods which closed the main highway to the international airport. Two people were killed in the floods, which felled trees, sparked landslides, and for
Published 01 Apr, 2012 12:00am
Latin America backs Argentina over Falklands

Latin America backs Argentina over Falklands

Thirty years after the Falklands War, Latin America is closing ranks behind Argentina's sovereignty claim over the disputed islands and reviving a bid for control in the resource-rich South Atlantic. All countries of the region back Buenos Aires in its bi
Published 01 Apr, 2012 12:00am
Mali rebels launch assault on key northern town

Mali rebels launch assault on key northern town

Heavily armed Malian rebels in pick-up trucks attacked the northern garrison town of Gao on Saturday, capitalising on the chaos after last week's military coup to make further gains. The assault came a day after rebels - a loose alliance of separatist nom
Published 01 Apr, 2012 12:00am
US seeks life sentence for Russian arms dealer

US seeks life sentence for Russian arms dealer

US prosecutors have asked a federal judge to sentence convicted Russian arms dealer Viktor Bout to life in prison to deter others who might broker weapons for militant groups, according to a court filing on Friday. Bout, a 45-year-old former Soviet air fo
Published 01 Apr, 2012 12:00am
Major quake impact on Tokyo could be worse than thought

Major quake impact on Tokyo could be worse than thought

The impact on Tokyo from a major quake could be much more devastating than the government has predicted, a new study shows. The study by the Ministry of Education, Culture, Sports, Science and Technology comes just over a year after one of the biggest tre
Published 01 Apr, 2012 12:00am
New York police accused of 'uncivilised' arrest of diplomat

New York police accused of 'uncivilised' arrest of diplomat

A senior Caribbean diplomat has accused the New York City Police Department of "flagrant violation" of the rules of diplomatic immunity and privileges by aggressively arresting the ambassador of St. Vincent and the Grenadines. The New York police countere
Published 01 Apr, 2012 12:00am
Kreos Capital to invest more in small UK firms

Kreos Capital to invest more in small UK firms

Kreos Capital, a venture capital firm which has backed the likes of LoveFilm.com and pay-day loan company Wonga, aims to increase its new fund from 130 million to 200 million euros ($266 million) to help finance small UK companies looking to grow.
Published 01 Apr, 2012 12:00am
IMF tells Malawi to cut spending, devalue currency

IMF tells Malawi to cut spending, devalue currency

The International Monetary Fund (IMF) said on Saturday that Malawi, which has seen donor aid dry up and revenue shrink, should cut spending and reiterated its call for the devaluation of the kwacha currency. A mission from the fund has been taking stock o
Published 01 Apr, 2012 12:00am
Ireland says EU treaty rejection would damage investment

Ireland says EU treaty rejection would damage investment

Countries keen on investing in Ireland and aiding its economic recovery would quickly lose interest if voters rejected a referendum on the European Union's new fiscal treaty, finance minister Michael Noonan warned on Saturday. Ireland will hold what will
Published 01 Apr, 2012 12:00am
DBS to buy Temasek stake in Indonesia's Danamon

DBS to buy Temasek stake in Indonesia's Danamon

Singapore's biggest bank DBS has made the country's state investor Temasek an offer for its $3.2 billion majority stake in Indonesia's Bank Danamon, sources said on Friday, setting up Indonesia's biggest bank takeover. The acquisition would also be the fi
Published 01 Apr, 2012 12:00am
Monti seeks Chinese investment, says reforms working

Monti seeks Chinese investment, says reforms working

Prime Minister Mario Monti urged China on Saturday to step up investment in Italy and tried to reassure Beijing that the eurozone debt crisis was close to resolution and tough economic reforms passed by his government were working. Speaking after meetings
Published 01 Apr, 2012 12:00am
Hong Kong lawmakers agree to $7.3 billion for rail scheme

Hong Kong lawmakers agree to $7.3 billion for rail scheme

Hong Kong lawmakers have given preliminary approval to provide 57.3 billion Hong Kong dollars (7.35 billion US dollars) to finance the construction of a 17-kilometre rail line, a media report said Saturday. The cash was approved despite complaints by some
Published 01 Apr, 2012 12:00am
In Italy, employers say they earn less than employees

In Italy, employers say they earn less than employees

In a country hard-hit by a deep economic crisis, Italian employers appear to have suffered more than those working for them - if annual tax declarations are taken at face value. Data released from the Treasury this week show that in 2010, a year of transi
Published 01 Apr, 2012 12:00am
Europe attracts money funds, but France on short leash

Europe attracts money funds, but France on short leash

The top 10 US money market fund managers put money to work in short-term French and German government agency debt in February, part of a bigger move into core Europe that is likely to endure in coming months, say investors and analysts. Germany saw an inf
Published 01 Apr, 2012 12:00am
German wage deal agreed, averts public-sector strike

German wage deal agreed, averts public-sector strike

Two million German public-sector workers will get a pay rise of 6.3 percent over a 24-month period, according to a government official leading the talks, ending a labour dispute that has disrupted services across Germany. The deal ends the threat of a bro
Published 01 Apr, 2012 12:00am
Irish marchers protest against new property tax

Irish marchers protest against new property tax

Some 5,000 people marched through the Irish capital on Saturday protesting against a new 100-euro household tax the government is struggling to collect - one of the first signs of resistance to Dublin's austerity drive. Carrying anti-austerity placards, t
Published 01 Apr, 2012 12:00am
Myanmar launches new currency system

Myanmar launches new currency system

Myanmar will launch a new currency regime on Monday that will bring in a managed float of the kyat, a senior banker said, outlining the boldest economic reform yet as a civilian government opens up the country after years of isolation. The Central Bank of
Published 01 Apr, 2012 12:00am
Uruguay wants to barter rice for oil with Iran

Uruguay wants to barter rice for oil with Iran

Uruguay will ask Iran if the South American country can export rice in exchange for oil, the government said on Friday. Iran used to be a major destination for Uruguayan rice but the impact of US and EU sanctions, aimed at curbing Tehran's nuclear ambitio
Published 01 Apr, 2012 12:00am
Greece on track to weather debt crisis: Merkel

Greece on track to weather debt crisis: Merkel

Greece has a chance to weather its crisis after the eurozone and private creditors agreed to restructure its debt, but has "a long way to go," German Chancellor Angela Merkel told a Czech daily Saturday. "Greece has a chance now it still has a long way to
Published 01 Apr, 2012 12:00am
State regulator closes Michigan bank

State regulator closes Michigan bank

A state regulator on Friday closed one bank in Michigan, bringing the total number of bank failures this year to 16. The Federal Deposit Insurance Corporation, which was appointed receiver, said Fidelity Bank of Dearborn, Michigan, was closed on Friday. T
Published 01 Apr, 2012 12:00am
US, EU blast Argentina's trade restrictions at WTO

US, EU blast Argentina's trade restrictions at WTO

Argentina came under a barrage of criticism at the World Trade Organisation on Friday, where the United States, European Union, Japan and 10 other countries accused it of tying up imports in red tape. Argentina's center-left government has imposed a raft
Published 01 Apr, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 119,715 tonnes of cargo including 80,356 tonnes of import, 39,359 tonnes of export cargo and 6,236 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Saturday. The total impor
Published 01 Apr, 2012 12:00am
Canadian canola futures soar high on soya rally

Canadian canola futures soar high on soya rally

Canadian canola futures jumped more than 3 percent on Friday to the highest level since July 2008, supported by a soyabean futures rally triggered by a surprisingly low soya seeding forecast by the US government, traders said. The US Department of Agricul
Published 01 Apr, 2012 12:00am
Coceral sees two percent fall in 2012

Coceral sees two percent fall in 2012

Soft wheat production in the European Union is expected to fall by about 2 percent this year to 126.76 million tonnes, EU grain lobby Coceral said on Friday in its first forecast for this year's harvest. Maize and oilseed output in the 27-nation bloc is a
Published 01 Apr, 2012 12:00am
No business on grain market

No business on grain market

No activity was seen on the wholesale grain and oilseeds market on Saturday as all most all traders kept themselves inside the houses to mourn the deaths of political workers.
Published 01 Apr, 2012 12:00am
FOB Gulf grain premiums ease

FOB Gulf grain premiums ease

US corn and soyabean export premiums at the Gulf Coast were lower on Friday, weighed down by a weaker CIF barge basis and a sharp spike in futures that kept potential importers on the sidelines, traders said. Wheat export premiums at the US Gulf were most
Published 01 Apr, 2012 12:00am
US corn futures jump 6.6 percent high

US corn futures jump 6.6 percent high

Chicago Board of Trade corn futures surged on Friday, with old-crop contracts posting a limit-up move due to a US Agriculture Department report that showed domestic supplies were tighter than expected. New-crop corn contracts also rose, but their gains we
Published 01 Apr, 2012 12:00am
EU wheat futures rise on USDA report

EU wheat futures rise on USDA report

European wheat futures rose more than 2 percent on Friday after the US Department of Agriculture reported estimates of stocks and planting areas that came below expectations. By 1600 GMT Paris-based milling wheat futures May was 2.53 percent higher at 212
Published 01 Apr, 2012 12:00am
Brazil commodity exporters under friendly-fire in 'currency war'

Brazil commodity exporters under friendly-fire in 'currency war'

In its latest bid to slow dollar inflows in a "global currency war," Brazil has dealt an unexpected blow to its own commodity exporters, choking off medium-term trade financing at a vulnerable time for the sector. Brazil - a source of much of the world's
Published 01 Apr, 2012 12:00am
US Midwest corn, soya bids hold in thin trading

US Midwest corn, soya bids hold in thin trading

Spot basis bids for corn and soyabeans were steady to narrowly mixed around the US Midwest on Friday as futures soared, spurring light farmer sales of each commodity, dealers said. Trading of both crops was relatively thin even as corn futures rose by the
Published 01 Apr, 2012 12:00am
US wheat futures rally on report

US wheat futures rally on report

US wheat futures rallied on Friday, with the benchmark Chicago Board of Trade May soft red winter contract rising 7.8 percent, due to bullish supply and planting reports from the US Agriculture Department, traders said. The rally pushed CBOT May wheat thr
Published 01 Apr, 2012 12:00am
No activity seen on city markets, cotton prices remain unchanged

No activity seen on city markets, cotton prices remain unchanged

No trading activity was witnessed on the city markets including cotton market on Saturday, today was the second inactive session in a week, dealers said on phone. Official spot rate by the Karachi Cotton Association (KCA) was unchanged at Rs 5300, they ad
Published 01 Apr, 2012 12:00am
Argentinean soya exports seen fuelled

Argentinean soya exports seen fuelled

Chinese demand for Argentine soya-based animal feed will stay strong as the Asian country's budding love affair with beef steak triumphs over its own slowing economy, an Argentine official said on Friday. Argentina is the world's No 1 exporter of soyameal
Published 01 Apr, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
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