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Archive - 2012-04-09
US jobs data hurts dollar
Financial

US jobs data hurts dollar

NEW YORK: The US dollar followed equities lower Monday, slipping against the euro as the previous week's poor jobs data
Published 09 Apr, 2012 09:53pm
Gunmen kill four in Quetta
Top News

Gunmen kill four in Quetta

QUETTA: Gunmen shot dead four people on Prince Road in Quetta, officials said Monday. The drive-by shooting took place
Published 09 Apr, 2012 05:11pm
Gold slips to Rs48,685
Markets

Gold slips to Rs48,685

KARACHI: Gold slipped by Rs 43 to Rs 48,685 per 10 grams in the local market Monday as its international price declined
Published 09 Apr, 2012 04:52pm
Weekly inflation goes up
Top News

Weekly inflation goes up

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on April 6, for the lowest income group up to Rs 8,000
Published 09 Apr, 2012 02:05pm
Mexico annual inflation eases in March
Top News

Mexico annual inflation eases in March

MEXICO CITY: Mexican price pressures eased more than expected in March as economists expect the central bank to keep rat
Published 09 Apr, 2012 02:01pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : The KSE-100 index on Monday lost 10.85 points to close at 13,864.68 points due to profit taking mainly by loca
Published 09 Apr, 2012 01:51pm
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI : On Monday until 12:15 P.M. , KSE-100 Index was at 13,901.90 with a positive change of 26.37 and volume of
Published 09 Apr, 2012 06:50am
Trapped Peru miners wait it out
World

Trapped Peru miners wait it out

PERU: A rescue operation to free nine miners trapped since last Thursday in a mine in southern Peru could be delayed to
Published 09 Apr, 2012 06:09am
Checkpost raid: Six dead in Lower Kurram
Top News

Checkpost raid: Six dead in Lower Kurram

PESHAWAR: Around 20 militants attacked a military checkpost in Lower Kurram, sparking a clash that left two soldiers and
Published 09 Apr, 2012 06:04am
US oil still eyes $99.37
Energy

US oil still eyes $99.37

SINGAPORE: A bearish target at $99.37 per barrel will be confirmed for US oil, if it could drop below $101.37, an hourly
Published 09 Apr, 2012 12:49am
Corporate conscience
BR Research

Corporate conscience

Remember Financial Management 101, back in school - profit maximisation is the sole motive of a typical firm, we were taught. And that we se
Published 09 Apr, 2012 12:00am
Rice prices: Holding ground
BR Research

Rice prices: Holding ground

The FAOs rice price update for March shows that after a declining trend in export prices of Pakistani rice over the past few months, a mild
Published 09 Apr, 2012 12:00am
Strauss confident about future

Strauss confident about future

Andrew Strauss heads home from Asia confident his future as captain is secure after England ended a miserable run in Tests by beating Sri Lanka to draw the series and retain their number-one ranking. The tourists eased to an eight-wicket win in the second
Published 09 Apr, 2012 12:00am
Messi hits 60th goal, eyes Muller 40-year record

Messi hits 60th goal, eyes Muller 40-year record

Lionel Messi became the first player in almost 40 years to score 60 goals in a single European top-flight season after a brace helped Barcelona come from behind to beat 10-man Zaragoza 4-1 on Saturday.
Published 09 Apr, 2012 12:00am
Berdych puts Czechs through to Davis Cup semi-finals

Berdych puts Czechs through to Davis Cup semi-finals

Tomas Berdych put the Czech Republic through to the Davis Cup semi-finals after beating Serbia's Janko Tipsarevic in three tie-breaks for his country's third victory here on Sunday. Berdych, the world number seven, beat eighth-ranked Tipsarevic 7-6 (8/6),
Published 09 Apr, 2012 12:00am
Meares wins Melbourne 500 in world record time

Meares wins Melbourne 500 in world record time

Australia's Anna Meares claimed her fourth title in the women's 500 metre time trial in a world record time at the track cycling world championships Sunday. Eight years after claiming her maiden gold in the two-lap race against the clock, also in Melbourn
Published 09 Apr, 2012 12:00am
Ferrer sends Davis Cup holders Spain into last four

Ferrer sends Davis Cup holders Spain into last four

David Ferrer handed holders Spain a place in the Davis Cup semi-finals on Sunday after beating Jurgen Melzer 7-5, 6-3, 6-3 to give the hosts an unassailable 3-1 lead over Austria in their World Group quarter-final tie.
Published 09 Apr, 2012 12:00am
United States beat France in Davis Cup

United States beat France in Davis Cup

The United States on Sunday reached the Davis Cup semi-finals on Sunday after John Isner overcame Jo-Wilfried Tsonga in four sets 6-3, 7-6 (7/4), 5-7, 6-3. Gilles Simon later beat Ryan Harrison 6-2, 6-3, 7-5 in the final singles rubber to make the final s
Published 09 Apr, 2012 12:00am
Peter Hanson leads Masters but Mickelson primed

Peter Hanson leads Masters but Mickelson primed

Sweden's Peter Hanson emerged as the third-round leader of the Masters at Augusta National on Saturday after a day of high drama and fluctuating fortunes. The 34-year-old World No 25 produced golf of supreme quality to card a tournament-best seven-under 6
Published 09 Apr, 2012 12:00am
Moody's bank review may mark new era of lower ratings

Moody's bank review may mark new era of lower ratings

The largest US banks including Morgan Stanley, Bank of America and Citigroup are facing what could be a historic shift to lower credit ratings which could increase their cost of funding and reduce competitiveness in their capital markets businesses.
Published 09 Apr, 2012 12:00am
Islamic finance pressured to join accounting mainstream

Islamic finance pressured to join accounting mainstream

Rapid growth of Islamic finance is increasing pressure for the industry to enter the accounting mainstream, by seeking guidance from the International Accounting Standards Board (IASB), the global body which sets the tone for book-keeping in conventional
Published 09 Apr, 2012 12:00am
Olympus may try to tough out scandal without help

Olympus may try to tough out scandal without help

Japan's Olympus Corp may be able to recover from a huge accounting scandal without having to bring in new investors, even as it looks to beef up its capital by around $3 billion over the longer term, its likely new president said on April 03.
Published 09 Apr, 2012 12:00am
Morgan Stanley investors await brokerage bounce

Morgan Stanley investors await brokerage bounce

As Morgan Stanley finishes integrating its brokerage joint venture with Citigroup Inc and considers spending $10 billion to buy the whole business years ahead of plan, investors are anxiously awaiting signs that the long-promised profit machine will final
Published 09 Apr, 2012 12:00am
Taiwan exchanges plan China-linked products

Taiwan exchanges plan China-linked products

Taiwan's two main exchanges said they plan to expand their portfolios with more China-related financial products through tie-ups with mainland bourses amid warming cross-strait ties.
Published 09 Apr, 2012 12:00am
SocGen revamps investment bank to save costs

SocGen revamps investment bank to save costs

Societe Generale, France's second-biggest listed lender, on April 02 announced fresh management changes at its corporate and investment bank and the merger of several divisions to help save costs in a tough environment.
Published 09 Apr, 2012 12:00am
Sprint hopes advanced camera EVO phone to make a hit

Sprint hopes advanced camera EVO phone to make a hit

Sprint Nextel is hoping to turn heads next month with the EVO 4G LTE, an HTC Corp phone with an advanced camera, a big screen and a high-speed wireless connection to highlight its multi-billion-dollar network upgrade.
Published 09 Apr, 2012 12:00am
Australian galleries join Google Art Project

Australian galleries join Google Art Project

Six galleries in Australia April 4 joined the Google Art Project, which provides an online platform to view thousands of artworks in detail from anywhere in the world. The Art Gallery of New South Wales will have 415 of its key works available for viewing
Published 09 Apr, 2012 12:00am
Google starts building data centre in Taiwan

Google starts building data centre in Taiwan

US Internet giant Google on April 3 started building one of its three planned data centres in Asia to meet fast growing online demand from the region, the company said.
Published 09 Apr, 2012 12:00am
Dell buys 'cloud' computing company Wyse

Dell buys 'cloud' computing company Wyse

Dell on April 2 said it is buying Wyse Technology to expand its business offerings in the Internet "cloud" in the face of softening demand for traditional computing hardware.
Published 09 Apr, 2012 12:00am
Banking, shopping & job hunting online

Banking, shopping & job hunting online

Banking and keeping track of finances, shopping and searching for jobs are the main tasks of Internet users around the globe, according to a new international survey published on April 3. Nearly 60 percent of people in 24 countries used the web to check t
Published 09 Apr, 2012 12:00am
App makes saving energy social at Facebook

App makes saving energy social at Facebook

An application released on April 2 plugs into the power of Facebook to make saving energy an online community affair. The social networking colossus worked with the Natural Resources Defence Council and energy information software specialty firm Opower to
Published 09 Apr, 2012 12:00am
Developing countries face digital divide

Developing countries face digital divide

The World Economic Forum said April 4 that the BRICS countries, despite their booming economies, are lagging behind their rivals when it comes to capitalising on Internet technologies. The Switzerland-based non-profit group released a report highlighting
Published 09 Apr, 2012 12:00am
Google gives glimpse of Internet glasses

Google gives glimpse of Internet glasses

Google on April 4 gave the world a glimpse of its vision for letting people look at life through Internet-tinted glasses. A video posted at a Project Glass page at Google+ social network confirmed the rumour that the technology titan is working on eyewear
Published 09 Apr, 2012 12:00am
China vows faster, cheaper Internet

China vows faster, cheaper Internet

China has said it will aim at bringing faster and cheaper Internet access to more people, following complaints that a near monopoly by state-backed firms had hurt service. China has the world's largest number of Internet users at half a billion, but Beiji
Published 09 Apr, 2012 12:00am
US police use cellphones to track suspects: study

US police use cellphones to track suspects: study

Many US police departments use cell phone tracking, often without court orders, to find suspects and investigate criminal cases, according to a study released on April 2. The survey released by the American Civil Liberties Union found that "the overwhelmi
Published 09 Apr, 2012 12:00am
US book lovers embracing digital editions

US book lovers embracing digital editions

A Pew study released late April 4 showed that US book lovers are increasingly turning inkless pages. Slightly more than a fifth of US adults reported having used an "e-book" during the past year, their ranks swollen by the popularity of Kindles, Nooks, iP
Published 09 Apr, 2012 12:00am
Hackers hitting Macs with virus

Hackers hitting Macs with virus

The computer security industry buzzed on April 5 with warnings that more than a half-million Macintosh computers may have been infected with a virus targeting Apple machines. Flashback Trojan malware tailored to slip past "Mac" defences is a variation on
Published 09 Apr, 2012 12:00am
Evidence ties diabetes to Parkinson's disease risk

Evidence ties diabetes to Parkinson's disease risk

People with diabetes may have a heightened risk of developing Parkinson's disease, especially at a relatively young age, a new study finds. Published in the journal Diabetes Care, the study adds to recent research linking diabetes to Parkinson's disease.
Published 09 Apr, 2012 12:00am
Scientists pin down historic sea level rise

Scientists pin down historic sea level rise

The collapse of an ice sheet in Antarctica up to 14,650 years ago might have caused sea levels to rise between 14 and 18 meters (46-60 feet), a study showed on April 04, data which could help make more accurate climate change predictions. The melting of p
Published 09 Apr, 2012 12:00am
Common antibiotics tied to eye emergencies

Common antibiotics tied to eye emergencies

A common class of antibiotics was linked to a higher risk of so-called retinal detachment - when the light-sensitive tissue in the eye separates from gel that fills the eyeball, in a new Canadian study.
Published 09 Apr, 2012 12:00am
Ultrasound helps catch cancer in higher-risk women

Ultrasound helps catch cancer in higher-risk women

Adding an ultrasound to annual mammograms for women at higher-than-average breast cancer risk helps catch more early-stage tumours but increases the chance that healthy women will get follow-up biopsies unnecessarily, according to a US study.
Published 09 Apr, 2012 12:00am
Multi-tasking comes easier to bilingual kids

Multi-tasking comes easier to bilingual kids

Children who grow up learning two languages are better at multi-tasking but slower at building vocabulary than their monolingual peers, two Canadian psychologists have found. Raluca Barac and Ellen Bialystok tested a total of 104 six-year-old public schoo
Published 09 Apr, 2012 12:00am
Gene studies begin to unravel autism puzzle

Gene studies begin to unravel autism puzzle

A sweeping study of hundreds of families with autism has found that spontaneous mutations can occur in a parent's sperm or egg cells that increase a child's risk for autism, and fathers are four times more likely than mothers to pass these mutations on to
Published 09 Apr, 2012 12:00am
Skin cancer on the rise among young adults: study

Skin cancer on the rise among young adults: study

Skin cancer is on the rise among young adults, according to a US study published on April 02 that suggests indoor tanning beds and childhood sunburns may be to blame. Between 1970 and 2009, the rate of melanoma among women increased eightfold and quadrupl
Published 09 Apr, 2012 12:00am
A third of under-fives malnourished in Vietnam

A third of under-fives malnourished in Vietnam

Nearly a third of pre-school children in Vietnam suffer from malnutrition and stunted growth, while in urban areas rates of childhood obesity are rising, a survey said on April 05.
Published 09 Apr, 2012 12:00am
Procurement of laptops: Punjab government accused of violating rules

Procurement of laptops: Punjab government accused of violating rules

Transparency International Pakistan (TIP) has brought to the notice of Planning & Development Department, Government of Punjab allegations of violation of Punjab Procurement Rules, (PPR) 2009 in the procurement of 110,000 laptops by the Punjab Government,
Published 09 Apr, 2012 12:00am
Experts highlight importance of nutrients

Experts highlight importance of nutrients

Pfizer Pakistan hosted a symposium to celebrate 'World Health' day where experts highlighted the importance of micro-nutrients and multi-vitamins for a healthy life. This year's topic for the World Health Day is 'Ageing and Health' with the theme of 'Good
Published 09 Apr, 2012 12:00am
Officials asked to update flood plan

Officials asked to update flood plan

Director General Provincial Disaster Management Authority, Mujahid Sherdil has directed officers of all departments concerned and officials of districts to update the flood plan in the light of upcoming monsoon season and environmental changes so that a c
Published 09 Apr, 2012 12:00am
International women's Mushaira held

International women's Mushaira held

Advisor to Chief Minister Sindh on Media, Ms Sharmila Faruqui, has said that the presence of a poetess in the society is like a pleasant breeze and holding Mushaira ends suffocation in the society. Poetry is the name of rare feelings and those who are eng
Published 09 Apr, 2012 12:00am
Easter celebrated with religious fervour

Easter celebrated with religious fervour

Easter, the religious festival of Christians was celebrated on Sunday by Christian community living across the country with religious fervour and zeal. In twin cities, the areas where Christians live in large number and churches, the festival was observed
Published 09 Apr, 2012 12:00am
KU organises workshop on 'Self-Assessment Report'

KU organises workshop on 'Self-Assessment Report'

In order to attain fast and un-hurdled development of higher education in the country, it is imperative that possible ways of self-assessment be introduced in the teaching methodology. This was stated by the Vice Chancellor of Karachi University, Professo
Published 09 Apr, 2012 12:00am
Karachi violence takes economic toll

Karachi violence takes economic toll

A bloody wave of violence sweeping Karachi has claimed hundreds of lives this year, and experts say it is also taking a punishing financial toll on the city that is Pakistan's economic heartbeat. Biggest city has escaped the worst of the four-year bombing
Published 09 Apr, 2012 12:00am
Lyari Development Package: work on second phase begins

Lyari Development Package: work on second phase begins

Development work is reported to have begun on the second phase of the Lyari Development Package (LDP), including water supply schemes and improvement of roads, streets, parks and play grounds. An official press release issued here on Sunday said that prep
Published 09 Apr, 2012 12:00am
Iranian CG calls on KMC Administrator

Iranian CG calls on KMC Administrator

Iranian Consul General Abbas Ali Abdul Hai called on Administrator KMC Muhammad Hussain Syed on Saturday and discussed with him matters of mutual interest.
Published 09 Apr, 2012 12:00am
Etihad and Fashion Pakistan to award 'most inspiring designer'

Etihad and Fashion Pakistan to award 'most inspiring designer'

Etihad Airways, the national airline of the United Arab Emirates, has team up with Fashion Pakistan, to present the "Etihad Airways Most Inspiring Designer" award at the 3rd Fashion Pakistan Week started from April 7 - 10, 2012. The award will be presente
Published 09 Apr, 2012 12:00am
Two youths commit suicide

Two youths commit suicide

Two young men ended their lives by shooting themselves in different incidents at Kasur and Pattoki on Sunday.
Published 09 Apr, 2012 12:00am
Gunmen attack plane in Indonesian Papua, kill one

Gunmen attack plane in Indonesian Papua, kill one

Gunmen fired on a small plane after it landed in Indonesia's restive Papua region Sunday, killing one passenger and wounding four people including both pilots, police and a district official said The Twin Otter plane, operated by domestic carrier Trigana
Published 09 Apr, 2012 12:00am
Kuwait court acquits 17 stateless protesters

Kuwait court acquits 17 stateless protesters

Kuwait's lower court acquitted on Sunday 17 stateless men from charges of taking part in illegal protests and assaulting policemen, one of their lawyers said. The court found no evidence to prove any of the accusations made against the men by the public p
Published 09 Apr, 2012 12:00am
Iran opposes A-bomb, Ahmadinejad tells Japan former Prime Minister

Iran opposes A-bomb, Ahmadinejad tells Japan former Prime Minister

Iranian President Mahmoud Ahmadinejad stressed to visiting former Japanese premier Yukio Hatoyama on Sunday that Tehran opposes nuclear weapons, his official website reported. "The Islamic Republic of Iran is fundamentally opposed to the atomic bomb and w
Published 09 Apr, 2012 12:00am
Israel accepts focus on curbing Iran's purer atom fuel

Israel accepts focus on curbing Iran's purer atom fuel

Israel has signalled it would accept, as a first priority, world powers focusing on persuading Iran to stop higher-level uranium enrichment when they resume stalled nuclear negotiations this week with Tehran.
Published 09 Apr, 2012 12:00am
North Korea rocket installed on launch pad

North Korea rocket installed on launch pad

North Korea's long-range rocket is on its launch platform, AFP reporters said Sunday, as the regime again insisted it was to send a peaceful satellite and not a missile. The usually secretive North organised an unprecedented visit for foreign reporters to
Published 09 Apr, 2012 12:00am
Sri Lanka radical leftist leaders abducted: party

Sri Lanka radical leftist leaders abducted: party

Two radical leftist leaders have been abducted in Sri Lanka just as they were about to launch a new political party, a spokesman for the group said Sunday. The leaders of a breakaway faction of the JVP, or People's Liberation Front, were taken from their
Published 09 Apr, 2012 12:00am
Pope, in Easter message, backs Syria peace plan

Pope, in Easter message, backs Syria peace plan

A fatigued-looking Pope Benedict threw his weight behind a United Nations plan to end bloodshed in Syria in his Easter Sunday message, calling for "an immediate commitment" to peace efforts there.
Published 09 Apr, 2012 12:00am
Yemen air force, US drone kill 24 Qaeda suspects

Yemen air force, US drone kill 24 Qaeda suspects

Air strikes have killed 24 al Qaeda suspects in their strongholds in the country's south and east, the defence ministry and a tribal chief said on Sunday. A Yemeni air raid late on Saturday killed "16 terrorists belonging to al Qaeda network in Kud near Z
Published 09 Apr, 2012 12:00am
Merkel coalition ahead, first time in two years: poll

Merkel coalition ahead, first time in two years: poll

German Chancellor Angela Merkel's centre-right coalition has inched ahead of the main opposition parties for the first time in two years, a poll showed on Sunday - thanks to a surge in support for the maverick Pirate Party at the expense of the Social Dem
Published 09 Apr, 2012 12:00am
Exiled Tiananmen leaders ask to visit China

Exiled Tiananmen leaders ask to visit China

The exiled leaders of the 1989 Tiananmen Square pro-democracy movement and other Chinese dissidents have asked the government to allow them to visit their homeland, a rights group said. "Because of political reasons we were denied renewal of our passports
Published 09 Apr, 2012 12:00am
Main Yemen airport reopens after officers lift siege

Main Yemen airport reopens after officers lift siege

Yemen's main airport reopened on Sunday, a day after officers and tribesmen loyal to former President Ali Abdullah Saleh forced it to close in protest at the sacking of the air force commander, a half-brother of Saleh.
Published 09 Apr, 2012 12:00am
Debt stock rising

Debt stock rising

Pakistan's total debt stock (domestic and external) is rising dramatically and posted a rise of 1.234 trillion rupees in the first eight months of the current fiscal year. The extent and the reasons behind the rise in debt stock identified by the Economic
Published 09 Apr, 2012 12:00am
Sectarian violence in G-B

Sectarian violence in G-B

The violence in Karachi remains unchecked because, they say, it stems from a variety of causes including ethnic politics, sectarian jealousies, deeply-entrenched criminal gangs, economic disparities, foreign hand and what not. If you control one, the othe
Published 09 Apr, 2012 12:00am
US versus IP project

US versus IP project

Will Pakistan proceed with the Iran-Pakistan (IP) gas pipeline project or will the government continue to take one step forward, one step back or in effect continue to stall due to United States' pressure which is considered by, government circles as the
Published 09 Apr, 2012 12:00am
Reckless borrowing

Reckless borrowing

The SBP issues a weekly statistical statement of the monetary aggregates based on the consolidation of the balance sheets of the SBP and of all the commercial banks. It capsules the state of the public finances, the foreign exchange reserve position of th
Published 09 Apr, 2012 12:00am
Short on tools, central banks left with words

Short on tools, central banks left with words

Some of the world's most prominent central bankers may have to hope the pen is as mighty as the sword. With the Federal Reserve, the European Central Bank and other authorities in industrialised countries already stretching the limits of monetary policy,
Published 09 Apr, 2012 12:00am
Indus delta: man-made disaster

Indus delta: man-made disaster

The Indus delta - the sixth largest in the world is on verge of death due to man-made disasters for the last many years. It was envisaged in the "1991 Water Accord", at least 10 MAF water was to be released downstream Kotri till a survey was conducted to
Published 09 Apr, 2012 12:00am
Sharmila fetes newspaper owners, journalists

Sharmila fetes newspaper owners, journalists

Adviser to Sindh Chief Minister on Media Sharmila Faruqui hosted a dinner in the honour of the office-bearers of the APNS, CPNE and different bodies of journalists, including PFUJ, KUJ and KPC at a local hotel here on Sunday.
Published 09 Apr, 2012 12:00am
Zardari to chair conference today

Zardari to chair conference today

A conference titled "Pakistan's Leaders of Tomorrow-PakLOT" is being held today (Monday) at Presidency to mobilise the youth fore creating a culture of constructive engagements.
Published 09 Apr, 2012 12:00am
JUI-F chief convenes party meeting today

JUI-F chief convenes party meeting today

Chief of Jumiat-e-Ulema-e-Islam (JUI-F) Maulana Fazlur Rehman has convened an emergency meeting of the party today (Monday) at his residence to decide whether to attend or not the meeting of Parliamentary Committee on National Security.
Published 09 Apr, 2012 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 02 to April 06 2012).

Published 09 Apr, 2012 12:00am
The Weather

The Weather

The weather report on Sunday (April 08, 2012) and the forecast for Monday (April 09, 2012).

Published 09 Apr, 2012 12:00am
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