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Archive - 2012-04-11
European stocks rebound
Financial

European stocks rebound

PARIS: European stock markets rebounded Wednesday, with London's benchmark FTSE 100 index of top companies climbing 0.70
Published 11 Apr, 2012 04:05pm
Fazlur Rehman ends PCNS boycott
Top News

Fazlur Rehman ends PCNS boycott

ISLAMABAD: Parliamentary Committee on National Security (PCNS) Chairman Mian Raza Rabbani and Ambassador to US Sherry Re
Published 11 Apr, 2012 03:54pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : The investors opted for profit taking after mid session on Wednesday and the benchmark KSE-100 index declined
Published 11 Apr, 2012 03:44pm
LSE loses 26.24 points
Markets

LSE loses 26.24 points

LAHORE: Bearish trend prevailed in Lahore Stock Exchange on Wednesday as it shed 26.24 points, following the LSE-25 inde
Published 11 Apr, 2012 02:49pm
Gold jumps to Rs 49,114 per 10 grams
Top News

Gold jumps to Rs 49,114 per 10 grams

KARACHI: Gold jumped by Rs 386 to Rs 49,114 per 10 grams in the local market Wednesday as its international price increa
Published 11 Apr, 2012 02:44pm
SBP revises fee on funds transfer
Top News

SBP revises fee on funds transfer

KARACHI: The State Bank of Pakistan (SBP) has revised fee on funds transfers/remittances under the remittance facility t
Published 11 Apr, 2012 02:41pm
Dr Chishti released from Indian jail
Top News

Dr Chishti released from Indian jail

INDIA: The 80-year-old ailing scientist Dr Mohammed Khalil Chishti who was on Wednesday released on bail from Ajmer jail
Published 11 Apr, 2012 02:38pm
Greek PM to propose elections on May 6
Top News

Greek PM to propose elections on May 6

ATHENS: Greek Prime Minister Lucas Papademos will ask President Carolos Papoulias to call early elections on May 6, endi
Published 11 Apr, 2012 02:14pm
ISE-10 stays bearish
Markets

ISE-10 stays bearish

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bearish trend as the index shed 23.31 points to
Published 11 Apr, 2012 02:05pm
Nawaz demands early elections
Top News

Nawaz demands early elections

ISLAMABAD: Chief of Pakistan Muslim League-N (PML-N) Mian Nawaz Sharif on Wednesday demanded that early general election
Published 11 Apr, 2012 11:35am
Syria pounds protest hubs
Middle East

Syria pounds protest hubs

DAMASCUS: Syria showed no let up in assaults on protest hubs Wednesday as peace envoy Kofi Annan said there was still a
Published 11 Apr, 2012 07:35am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI : On Wednesday until 12:37 P.M. , KSE-100 Index was at 13,864.46 with a negative change of -38.66 and volum
Published 11 Apr, 2012 06:32am
Japanese shares sag by noon
Financial

Japanese shares sag by noon

TOKYO: Japanese shares ended the morning session lower Wednesday after Wall Street posted its biggest slump of the year
Published 11 Apr, 2012 05:43am
Suu Kyi meets Myanmar president
Top News

Suu Kyi meets Myanmar president

NAYPYIDAW: Myanmar opposition leader Aung San Suu Kyi on Wednesday held talks with President Thein Sein for the first ti
Published 11 Apr, 2012 05:27am
North Korea to hold rare party meet
Top News

North Korea to hold rare party meet

PYONGYANG: North Korea on Wednesday readied a historic party conference to bolster its young new leader and began fuelli
Published 11 Apr, 2012 05:17am
Saving energy or faces
BR Research

Saving energy or faces

There was an exhibition of political power to attract electric power in Lahore earlier this week. There is a case of energy deficit, and eve
Published 11 Apr, 2012 12:00am
'Sindh Governor to inaugurate Afza Altaf flyover on April 14'

'Sindh Governor to inaugurate Afza Altaf flyover on April 14'

Sindh Governor Dr Ishrat-ul-Ebad would inaugurate the Afza Altaf Hussain Flyover at Habib Bank Chowrangi in SITE area on April 14, 2012. This was stated by Sindh Minister for Industries and Commerce Abdul Rauf Siddiqui while talking to Business Recorde
Published 11 Apr, 2012 12:00am
Traders protest hike in POL prices

Traders protest hike in POL prices

Traders belonging to different markets on Tuesday staged a protest demonstration against the recent hike in petroleum and Compressed Natural Gas (CNG) prices, saying that the increase would add to their worries. Scores of traders took part in the protest
Published 11 Apr, 2012 12:00am
PIAREA chief congratulates new PIA Managing Director

PIAREA chief congratulates new PIA Managing Director

President Pakistan International Airlines' Retired Employees Association (PIAREA) Syed Tahir Hasan congratulated Rao Qamar Suleman for assuming the charge of the national airline as the Managing Director. He said, "your vast administrative, aviation and t
Published 11 Apr, 2012 12:00am
Energy Conference: decisions good but difficult to implement: ACCI

Energy Conference: decisions good but difficult to implement: ACCI

The Attock Chamber of Commerce and Industry (ACCI) on Tuesday said that decisions taken in the second National Energy Conference were good but difficult to implement. Energy Conference was a positive development but some of the decisions would be difficul
Published 11 Apr, 2012 12:00am
Hindu girls' case: Supreme Court rejects pleas of father, husband

Hindu girls' case: Supreme Court rejects pleas of father, husband

The Supreme Court on Tuesday rejected two similar petitions, filed by the father and husband of two Hindu girls, for meeting them. Both the girls had allegedly been forcibly converted to Islam and gotten married to Muslim boys. The apex court observed tha
Published 11 Apr, 2012 12:00am
PP-243, 245 D G Khan: ECP issues revised schedule of by-elections

PP-243, 245 D G Khan: ECP issues revised schedule of by-elections

The Election Commission of Pakistan (ECP) has issued revised schedule of all the stages of by-elections in constituencies of PP-243 D. G. Khan-IV and PP-245 D. G. Khan-VI, however, the polling day will remain the same ie, May 5, 2012. The ECP has issued r
Published 11 Apr, 2012 12:00am
IEP prepares recommendations for overcoming power crisis

IEP prepares recommendations for overcoming power crisis

The federal and provincial governments need to make legislation requiring that solar electricity equal to the one third of the connected electric load would be a mandatory requirement in the urban areas for one-Kanal house. A recommendation to this effect
Published 11 Apr, 2012 12:00am
Textile exporters seek income tax exemption on new items

Textile exporters seek income tax exemption on new items

Textile manufacturers-cum-exporters proposed expansion of sales tax zero-rating regime by adding new items in SRO 1125(I)/2011 along with exemption of income tax on the import of raw material, plant and machinery in the coming budget (2012-2013).
Published 11 Apr, 2012 12:00am
Need stressed to strengthen cooperation between Pakistan, China

Need stressed to strengthen cooperation between Pakistan, China

Members of Pak-China friendship group of Senate have underlined the need to further strengthening bilateral co-operation between Pakistan and China for mutual benefit of the people of the two countries. They were of the view that consensus among all polit
Published 11 Apr, 2012 12:00am
Indus Motor Company enhances network in country

Indus Motor Company enhances network in country

To enhance its footprint to rural areas, Indus Motor Company has provided the reliable state-of-the-art Toyota 3S dealership to another important area in the country. IMC will now reach out to the rural customers to give them an opportunity of using world
Published 11 Apr, 2012 12:00am
Former PPP MPA's case: LHC restrains ATC from announcing decision

Former PPP MPA's case: LHC restrains ATC from announcing decision

Lahore High Court has stopped Anti Terrorism Court (ATC) from announcing decision on trial of former PPP MPA Aslam Madhiana in teacher torture case. Madhiana through his Counsel, Azam Nazir Tarar submitted that the allegations were proved false as a medic
Published 11 Apr, 2012 12:00am
Wheat procurement drive in Punjab from April 20

Wheat procurement drive in Punjab from April 20

Punjab Food Department on Tuesday announced to launch wheat procurement drive 2012 from April 20, with a target of purchasing 3.5 million tons of wheat. While gunny bags distribution will start from April 15 on first come first serve basis. This was discl
Published 11 Apr, 2012 12:00am
South Punjab traders reject proposals

South Punjab traders reject proposals

Traders of Southern Punjab on Tuesday rejected decisions taken in the second National Energy Conference and threatened to launch civil disobedience movement if the proposed steps were imposed. The decisions are political, unilateral and contrary to the gr
Published 11 Apr, 2012 12:00am
Disbursement of production loans for Kharif-2012 begins

Disbursement of production loans for Kharif-2012 begins

The Punjab government has launched a campaign for the disbursement of production loans for Kharif-2012 through one window operation and this drive will continue till July 31, 2012. Director General Disaster Management Authority, Mujahid Sherdil said here
Published 11 Apr, 2012 12:00am
Sikh Yatrees arrive for Besakhi festival

Sikh Yatrees arrive for Besakhi festival

As many as 2,200 Sikh Yatrees (pilgrims) led by Sardar Amreek Singh and Jaspal Singh from India have arrived here through Wahga border on Tuesday to celebrate the annual Besakhi festival. The Sikh Yatrees arrived by three special trains of Pakistan Railwa
Published 11 Apr, 2012 12:00am
Demutualisation of stock exchanges to protect investors: LSE MD

Demutualisation of stock exchanges to protect investors: LSE MD

Lahore Stock Exchange (LSE) Managing Director (MD) Aftab Ahmed said on Tuesday that Demutualisation of stock markets would protect investors, attract fresh investment and stabilise the economy. Also, he added, listing of SMEs to the stock market would str
Published 11 Apr, 2012 12:00am
Economic conflict leading towards anarchy: Baloch

Economic conflict leading towards anarchy: Baloch

Jamaat-e-Islami Secretary General, Liaqat Baloch, said on Tuesday that the class struggle caused by the feudal and capitalist economic system was pushing the country towards civil disobedience and revolt. Addressing the traders and notables from NA 126, h
Published 11 Apr, 2012 12:00am
KBP for making wheat procurement policy more transparent

KBP for making wheat procurement policy more transparent

Kisan Board Pakistan (KBP) expressing its reservations on wheat procurement policy announced by the Punjab government has demanded to make it more transparent and efficient. The Board urged the government to end political intervention in the coming procur
Published 11 Apr, 2012 12:00am
6,585 UET students get laptops

6,585 UET students get laptops

Punjab Chief Minister, Shahbaz Sharif has said that there is a need for bringing about a revolution to make Pakistan worth living for the common man. He was addressing a ceremony held to distribute laptops among 6585 students of the University of Engineer
Published 11 Apr, 2012 12:00am
'Punjab is giving top priority to women's education'

'Punjab is giving top priority to women's education'

The Punjab Chief Minister Muhammad Shahbaz Sharif on Tuesday said that the Punjab government is giving top priority to the education of women as it is a prerequisite for progress and setting up of a civilised and balanced society. He was addressing on the
Published 11 Apr, 2012 12:00am
PII organising two-day conference

PII organising two-day conference

Pakistan Insurance Institute (PII) is organising a two-day conference on 'Catastrophe Events - A Challenge' from Wednesday (11-12) April in Karachi. The conference aims to bring on one platform of professionals from the local insurance industry, foreign s
Published 11 Apr, 2012 12:00am
Hascol launches first LPG Autogas Station in city

Hascol launches first LPG Autogas Station in city

Hascol Petroleum Limited launched Pakistan's first LPG Autogas Station at Shahrah-e-Faisal, Karachi. This is one of the key steps taken by Hascol to make sure that LPG becomes the fuel of choice in the coming years. Dr Asim Hussain, Federal Minister for P
Published 11 Apr, 2012 12:00am
UoP announces scholarships for teachers

UoP announces scholarships for teachers

University of Peshawar (UoP) has announced fully funded scholarships for the teachers of the Faculty of Arts & Humanities and Faculty of Social Sciences to pursue higher studies (M. Phil, Ph. D) within Pakistani universities. The scholarships have been an
Published 11 Apr, 2012 12:00am
PAC cancels crucial scheduled meeting

PAC cancels crucial scheduled meeting

The Public Accounts Committee (PAC) of Sindh Assembly on Tuesday cancelled its scheduled meeting for April 11-12 to discuss the audit paras of Sindh University, Shah Abdul Latif University, Quaid-e-Awam University, Karachi University and all educational b
Published 11 Apr, 2012 12:00am
Pakistan to co-sponsor Second Annual Investment Meeting in Dubai

Pakistan to co-sponsor Second Annual Investment Meeting in Dubai

Pakistan will be co-sponsoring the second Annual Investment Meeting 2012 (AIM 2012) being held in Dubai, United Arab Emirates from May 1-3. AIM 2012 is one of the world's first emerging markets FDI-focused events with a theme "Financing possibilities in f
Published 11 Apr, 2012 12:00am
Minor boy among three killed in separate incidents

Minor boy among three killed in separate incidents

At least three persons including a minor boy lost their lives in separate incidents in different parts of the metropolis here on Tuesday. According to rescue sources, a minor boy was crushed to death by a speedy passenger bus while his father sustained in
Published 11 Apr, 2012 12:00am
Hoti hints at launching tourism projects

Hoti hints at launching tourism projects

The provincial government would initiate new projects for promoting tourism, developing areas with an abundance of natural beauty in the province, Chief Minister of Khyber-Pakhtunkhwa Ameer Haider Khan Hoti said on Tuesday. He was talking to provincial Mi
Published 11 Apr, 2012 12:00am
Commuters suffer as KP transporters observe strike

Commuters suffer as KP transporters observe strike

The commuters and general public suffered as transporters went on strike against hike in petroleum and CNG prices in the provincial metropolis on Tuesday. After the assurance of Khyber Pakhtunkhwa government, transporters later on called off the strike co
Published 11 Apr, 2012 12:00am
Tribal students seek repeal of FCR

Tribal students seek repeal of FCR

Tribal Students from different education institutions demanded of the government for repealing of draconian Frontier Crime Regulation (FCR) law in the FATA and called for brining further reforms for mainstreaming the tribal society. They expressed anguish
Published 11 Apr, 2012 12:00am
District hospitals lacking specialised health services: Fafen

District hospitals lacking specialised health services: Fafen

District Headquarter Hospitals (DHQs) have been found lacking specialised services with three-fourths out of 65 facilities monitored in February 2012 being without psychiatry and 61 per cent having no physiotherapy services says a Free and Fair Election N
Published 11 Apr, 2012 12:00am
Institutional investment in NSS

Institutional investment in NSS

It is now more than clear that the government is resorting to desperate measures to finance the bulging budget deficit. Apprehending that the fiscal deficit would be very high and anticipated sources of financing were drying up, the State Bank on 2nd Apri
Published 11 Apr, 2012 12:00am
The Siachen tragedy

The Siachen tragedy

A pall of gloom envelops the national mood as efforts are on for the rescue of 135 people - 124 soldiers and 11 civilian contractors - buried under a massive avalanche at the Gayari headquarters of the 6th Northern Light Infantry Battalion on the Siachen
Published 11 Apr, 2012 12:00am
Mysteries of state profit

Mysteries of state profit

Profit is complicated, which is why everyone can not generate it. The choice of the word "generate" was deliberate, to emphasise to Pakistanis, that it is far easier to generate power than to profit from power generation. As a salesman will tell you "Sell
Published 11 Apr, 2012 12:00am
Gas under spotlight - III: LNG Policy 2011

Gas under spotlight - III: LNG Policy 2011

The LNG Policy 2011 appears to be quite forward-looking and comprehensive. It requires open access regime to the gas transmission and distribution facilities for third party LNG developers or suppliers or users. OGRA has been mandated to assure third part
Published 11 Apr, 2012 12:00am
3G in Pakistan

3G in Pakistan

As a concerned citizen of Pakistan, I would like to urge all those who have anything to do with the ICT sector to do whatever they can, to push and expedite the introduction of mobile broadband (3G technology) I say this because the spectrum auction has b
Published 11 Apr, 2012 12:00am
Strengthening Pak-Iran ties

Strengthening Pak-Iran ties

A much welcome development in the wake of changing regional environment is the warming up of Pak-Iran relations. The two neighbours are also important regional stakeholders in the settlement of Afghan war. They need to align their policies to bring lastin
Published 11 Apr, 2012 12:00am
Rain, dust-storm likely

Rain, dust-storm likely

Rain/dust-thunderstorm is expected at isolated places of Khyber Pukhtunkhwa, upper Punjab, Northeast Balochistan, Gilgit-Baltistan and Kashmir during the next 24 hours, Met office said on Tuesday. "A fresh western disturbance is likely to affect Upper par
Published 11 Apr, 2012 12:00am
Burj Bank to set up 50 branches

Burj Bank to set up 50 branches

Burj Bank Limited (BBL) will soon establish its 50 branches across the country in first the phase. The president and chief executive officer of BBL, Ahmed Khizar Khan said while meeting with Sindh Chief Minister, Syed Qaim Ali Shah, at CM House here on Tu
Published 11 Apr, 2012 12:00am
Transporters' strike hits trade activities

Transporters' strike hits trade activities

Transporters' wheel-jam strike against the fuel price hike on Tuesday badly affected trade and business activities in the Sindh metropolis, traders said. Commuters suffered public transport remained off the road. Markets, however, remained open during the
Published 11 Apr, 2012 12:00am
Sindh police run shuttle service to facilitate commuters

Sindh police run shuttle service to facilitate commuters

In order to lessen the miseries of commuters due to transporters' strike, the Sindh police on Monday ran free shuttle service with the claim to facilitate the commuters. The strike call was given by public transporters against the recent increase in price
Published 11 Apr, 2012 12:00am
KMC officials told to complete development projects on time

KMC officials told to complete development projects on time

The ongoing work on various projects in District East, including the construction and repairs of roads, would be completed by the end of the current financial year, KMC's Administrator Muhammad Hussain Syed said on Tuesday He was presiding over a meeting
Published 11 Apr, 2012 12:00am
HBL delegation visits Sindh University

HBL delegation visits Sindh University

A four-member delegation of Habib Bank Limited (HBL) headed by Seema Kamal Group Head of HBL Head Office Karachi met with Acting Vice Chancellor Professor Dr Parveen Shah on Tuesday. Abdul Rashid Awan Business Head of HBL Karachi, Jamal Parvez Regional Ch
Published 11 Apr, 2012 12:00am
Developments schemes: contractors directed to ensure quality work

Developments schemes: contractors directed to ensure quality work

Divisional Commissioner Hyderabad Ahmed Bux Narejo has directed the all concerned to expedite ongoing developments schemes and to ensure quality work within time of completion period so that basic facilities could be provided to the citizens without any d
Published 11 Apr, 2012 12:00am
Book fair opens at SU

Book fair opens at SU

A three-day book fair opened at Allama I.I.Kazi Central Library of the University of Sindh on Tuesday. Acting Vice Chancellor, University Professor Dr Parveen Shah inaugurated the book fair.
Published 11 Apr, 2012 12:00am
KCCI, IBAI Turkey sign MoU on mutual cooperation

KCCI, IBAI Turkey sign MoU on mutual cooperation

The Karachi Chamber of Commerce and Industry (KCCI) and Iziad Businessmen Association Izmir (IBAI) Turkey on Tuesday signed Memorandum of Understanding (MOU) for mutual co-operation and collaboration. President, KCCI, Mian Abrar Ahmad, and Chairman, IBAI
Published 11 Apr, 2012 12:00am
Budget proposals: FBR, ICAP agree to broaden tax base

Budget proposals: FBR, ICAP agree to broaden tax base

The Federal Board of Revenue (FBR) and Institute of Chartered Accountants of Pakistan (ICAP) on Tuesday agreed on broadening the tax base, reducing duties and taxes on manufacturing and industrial sectors, and addressing anomalies in direct and indirect t
Published 11 Apr, 2012 12:00am
Budget proposals: FBR, ICAP agree to broaden tax base

Budget proposals: FBR, ICAP agree to broaden tax base

The Federal Board of Revenue (FBR) and Institute of Chartered Accountants of Pakistan (ICAP) on Tuesday agreed on broadening the tax base, reducing duties and taxes on manufacturing and industrial sectors, and addressing anomalies in direct and indirect t
Published 11 Apr, 2012 12:00am
Training workshop for teachers held

Training workshop for teachers held

A five-day training workshop has been organised for Sindhi subject teachers of the Roshan Tara schools run by the Sindh Graduates Association (SGA) and jointly organised by the Sindhi Langauge Authority (SLA) and Sindh Graduates Association (SGA), at the
Published 11 Apr, 2012 12:00am
Rain lashes Hunza

Rain lashes Hunza

The rain started last night in the district like other parts of province and remained till Tuesday morning with intervals. Wind and rain disrupted the boat service for Gojal valley causing great difficulties for commuters. The region has been experiencing
Published 11 Apr, 2012 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold rose 1 percent on Tuesday, breaking ranks with equities for a second session, as losses in equities triggered safe-haven buying in the bullion market, which had sustained a recent sell-off. The precious metal posted its fourth straight daily rise, it
Published 11 Apr, 2012 12:00am
US MIDDAY: copper plunges

US MIDDAY: copper plunges

In New York, the May COMEX contract fell 7.00 cents to settle at $3.65 per lb, just shy of its own three-month low at $3.6450 on Tuesday. Volumes raced to a new all-time peak above 118,700 lots in late New York trade, surpassing the prior record of 117,16
Published 11 Apr, 2012 12:00am
US MIDDAY: grains fall

US MIDDAY: grains fall

US grains fell on Tuesday as investors across a broad range of commodities bailed out of risk assets, yanking soyabeans back down from an early rise close to their highest level the record high hit in 2008. Corn futures fell more than 2 percent to a one-w
Published 11 Apr, 2012 12:00am
Gold retreats in Europe

Gold retreats in Europe

Gold steadied on Tuesday, surrendering earlier gains as a rally sparked by expectations that a sluggish US employment market could fuel further quantitative easing ran out of steam in the face of a firming dollar and easing appetite for risk. Spot gold wa
Published 11 Apr, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Gold rose to a one-week high above $1,650 an ounce on Tuesday, on course for its fourth straight session of gains, as hopes for more monetary easing by the Federal Reserve boosted sentiment. Spot gold rose 0.8 percent to a one-week high of $1,654.1 an oun
Published 11 Apr, 2012 12:00am
Gold up one percent in New York

Gold up one percent in New York

Gold rose almost 1 percent in thin holiday trade on Monday, breaking ranks with other commodities and equities, after disappointing US jobs data last week revived speculation that the Federal Reserve might try to stimulate the US economy. The precious met
Published 11 Apr, 2012 12:00am
Raw sugar falls

Raw sugar falls

Raw sugar futures sank Tuesday to their lowest level in almost a month, hit by fund sales and early hedge pressure from the start of the harvest in Brazil's prime centre-south region, analysts said. US cocoa futures slid to a three-month low along with th
Published 11 Apr, 2012 12:00am
Palm oil hits fresh 13-month high

Palm oil hits fresh 13-month high

Malaysian palm oil futures rose to a fresh 13-month high on Tuesday, as traders continued to make bullish bets on the edible oil after industry data showed healthy export demand and lower stocks. The widely watched Malaysia's palm oil stocks for March fel
Published 11 Apr, 2012 12:00am
US corn slips

US corn slips

US corn prices fell 1 percent on Monday to a one-week low in its biggest drop in five trading days, and soya eased, as futures traders liquidated long holdings amid worries of possible bearish surprises in the USDA grain report on Tuesday. "It's choppy be
Published 11 Apr, 2012 12:00am
Tokyo rubber futures slip

Tokyo rubber futures slip

Key TOCOM rubber futures slid for a sixth straight session on Tuesday in range-bound trade as worries over a slow recovery of the global economy capped rises, but falling supply provided support. "Sentiment is not strong, but falling supply and caution th
Published 11 Apr, 2012 12:00am
New York cotton ends mixed

New York cotton ends mixed

Cotton futures settled mixed on Tuesday as investors sifted through a US government crop report for clear signals, while the weak tone of both the grains and stock markets pressured back months, dealers said. The benchmark May cotton contract on the ICE F
Published 11 Apr, 2012 12:00am
Oil falls to seven-week low

Oil falls to seven-week low

Oil fell for a second day on Tuesday, slumping to a seven-week low as concerns about a potential slowdown in the economy of No 2 crude consumer China added to worries about global demand. March trade data showed China's import growth fell below expectatio
Published 11 Apr, 2012 12:00am
Copper sinks

Copper sinks

Copper fell to a three-month low on Tuesday as investors cut risk on concerns about a cooling Chinese economy and slowing jobs growth in the US, the world's two largest copper consumers, while International Monetary Fund said it saw lower commodity prices
Published 11 Apr, 2012 12:00am
Shanghai copper slips

Shanghai copper slips

The most-active February copper contract on the Shanghai Futures Exchange dipped 0.8 percent to close at 59,370 yuan ($9,400) per tonne on Tuesday. China's imports of copper fell 4.6 percent to 462,182 tonnes in March from 484,569 tonnes in the previous m
Published 11 Apr, 2012 12:00am
Cameron agrees joint defence deal with Japan

Cameron agrees joint defence deal with Japan

Britain and Japan said on Tuesday they have agreed to jointly develop and build defence equipment, the first time since World War Two that Japan has concluded a weapons-building deal with a country other than the United States. The announcement came at th
Published 11 Apr, 2012 12:00am
Sex-change women allowed to enter Miss Universe

Sex-change women allowed to enter Miss Universe

Donald Trump's Miss Universe contest on Tuesday threw open its doors to transgender models, allowing men who have had a sex change the chance to be crowned the world's most beautiful woman. The transgender contestants will be able to start their stuff in
Published 11 Apr, 2012 12:00am
Airstrikes, artillery bombardment on Sudan-South Sudan border

Airstrikes, artillery bombardment on Sudan-South Sudan border

Sudan on Tuesday carried out new airstrikes inside South Sudan, as rival armies exchanged artillery fire in the latest round of bloody fighting in contested border regions. An AFP correspondent in the South Sudanese frontline village of Tashwin heard heav
Published 11 Apr, 2012 12:00am
Nepal's army takes control of former Maoist fighters

Nepal's army takes control of former Maoist fighters

Nepal's former Maoist rebels on Tuesday handed over control of their fighters and weapons to the national army, in a move likely to bolster a faltering peace process nearly six years after a civil war ended. Thousands of Maoist fighters, who battled the N
Published 11 Apr, 2012 12:00am
Russia says two nationals detained in Iran

Russia says two nationals detained in Iran

Russia said Tuesday that two of its nationals working in Tehran for a gold exploration firm have been detained by the Iranian authorities and demanded to be granted immediate access to them. The foreign ministry said the two men - identified as A. S. Kais
Published 11 Apr, 2012 12:00am
North Korea says ready to launch rocket, prompts warnings

North Korea says ready to launch rocket, prompts warnings

Isolated and impoverished North Korea said on Tuesday it was ready to go ahead with its proposed long-range rocket launch, an announcement that sparked immediate condemnation from South Korea and Russia and a plea from China, its main ally, for calm.
Published 11 Apr, 2012 12:00am
Iraqi parliament approves rights commission

Iraqi parliament approves rights commission

Iraqi MPs have approved the first independent human rights commission in the country's history, with a remit to track rights violations, lawmaker Ashwaq al-Jaff said on Tuesday. "The main role of this commission is to monitor all violations of human right
Published 11 Apr, 2012 12:00am
Santorum quits race, handing Romney Republican crown

Santorum quits race, handing Romney Republican crown

Rick Santorum Tuesday dropped his long-shot White House bid, effectively handing Mitt Romney the Republican party crown to challenge President Barack Obama in November elections. "This presidential race is over for me," Santorum told supporters in Gettysb
Published 11 Apr, 2012 12:00am
China ejects Bo from elite ranks

China ejects Bo from elite ranks

China's Communist Party has suspended former high-flying politician Bo Xilai from its top ranks and named his wife a suspect in the murder of a British businessman, a dramatic turn in a scandal shaking leadership succession plans. The decision to banish B
Published 11 Apr, 2012 12:00am
New Malawi president sacks minister, seeks aid

New Malawi president sacks minister, seeks aid

Malawi's new President Joyce Banda used her first official day in office to purge members of her predecessor's government, including the information minister suspected of being in a high-powered group trying to block her accension to office.
Published 11 Apr, 2012 12:00am
Protestors rally in Russia for candidate on hunger strike

Protestors rally in Russia for candidate on hunger strike

Protestors clashed with police Tuesday after opposition leader Alexei Navalny descended on the Russian city of Astrakhan to back a local politician who is on a hunger strike to protest election fraud. Former mayoral candidate Oleg Shein from the oppositio
Published 11 Apr, 2012 12:00am
Diplomacy has 'failed' in Syria, warns McCain

Diplomacy has 'failed' in Syria, warns McCain

Diplomatic efforts to halt Syria's bloodshed have "failed" and the world must send military aid to rebels to stop further slaughter, US Senator John McCain said Tuesday at a refugee camp in Turkey. "Make no mistake: the situation in Syria is an armed conf
Published 11 Apr, 2012 12:00am
Turkey, China sign slew of multi-billion dollar deals

Turkey, China sign slew of multi-billion dollar deals

China's Sinovel Wind Group and Agaoglu Group, a Turkish construction company, agreed to build a 600 megawatt (MW) wind farm in Turkey, the Economy Ministry said on Tuesday. The project will be completed by the end of 2015 and financing will be provided by
Published 11 Apr, 2012 12:00am
Swedish industrial output posts worst fall in two years

Swedish industrial output posts worst fall in two years

Swedish industrial production suffered its sharpest fall since 2009 in February, jarring a reassuringly rosy outlook painted by other recent economic indicators and calling into question expectations the central bank will not take rates any lower.
Published 11 Apr, 2012 12:00am
Property insurance rates rising world-wide: Marsh

Property insurance rates rising world-wide: Marsh

Property insurance rates are on the rise around the world, solidifying a turn in the market after years of declines, insurance brokerage Marsh said on Tuesday. Just in the United States, customers without significant exposure to natural catastrophes saw p
Published 11 Apr, 2012 12:00am
Commodity exporters should brace for lower prices

Commodity exporters should brace for lower prices

Commodity-exporting countries should prepare for lower prices given weaker global economic activity and lower demand, the International Monetary Fund said on Tuesday. The IMF said some commodity-exporting nations should save their windfalls from current h
Published 11 Apr, 2012 12:00am
Household debt casts long economic shadow: IMF

Household debt casts long economic shadow: IMF

Housing busts and recessions are more severe and last for at least five years when they follow a big run-up in household debt, according to a study released on Tuesday by the International Monetary Fund. The findings suggest that economies of the United S
Published 11 Apr, 2012 12:00am
Obama team slams Romney for not paying 'fair share' of taxes

Obama team slams Romney for not paying 'fair share' of taxes

President Barack Obama's campaign team attacked Mitt Romney on Tuesday for not paying his "fair share" of taxes, escalating rhetoric against the top Republican presidential hopeful to try to paint him as an elitist who is out of touch with ordinary Americ
Published 11 Apr, 2012 12:00am
Poll shows Obama weak spot on economy vs Romney

Poll shows Obama weak spot on economy vs Romney

US President Barack Obama tops his main Republican rival in everything from personality to diplomacy - but when it comes to the economy, a new poll shows a potential weak spot in his bid to hold onto the White House. A Washington Post-ABC poll on Tuesday
Published 11 Apr, 2012 12:00am
China surprises with export-led trade surplus

China surprises with export-led trade surplus

China returned to an export-led trade surplus of $5.35 billion in March, heralding the prospect that a rebound in the global economy is lifting overseas orders just in time to compensate for a slowdown in domestic demand. The surprise return to surplus fr
Published 11 Apr, 2012 12:00am
US wholesale stocks rise boosts Q1 GDP forecasts

US wholesale stocks rise boosts Q1 GDP forecasts

US wholesale inventories rose solidly in February as petroleum recorded the biggest increase in a year, prompting analysts to raise their estimates for first-quarter economic growth. Total wholesale inventories increased 0.9 percent to a record $478.9 bil
Published 11 Apr, 2012 12:00am
French economy grinds to a halt

French economy grinds to a halt

France's economy posted no growth in the first quarter and there are no signs of a strong recovery in activity in the coming months, according to a Bank of France survey on Tuesday. In its monthly report, the Bank of France indicated that the euro zone's
Published 11 Apr, 2012 12:00am
Sony sees record $6.4 billion loss on tax hit

Sony sees record $6.4 billion loss on tax hit

Japan's Sony Corp flagged a record $6.4 billion annual net loss, double an earlier forecast and a fourth straight year of red ink, as it writes off deferred tax credits, heaping more pressure on its new CEO to turn around the electronics giant. Sony, whic
Published 11 Apr, 2012 12:00am
Sony sees record $6.4 billion loss on tax hit

Sony sees record $6.4 billion loss on tax hit

Japan's Sony Corp flagged a record $6.4 billion annual net loss, double an earlier forecast and a fourth straight year of red ink, as it writes off deferred tax credits, heaping more pressure on its new CEO to turn around the electronics giant. Sony, whic
Published 11 Apr, 2012 12:00am
India to challenge US duty on steel pipes

India to challenge US duty on steel pipes

India is preparing to challenge a US import duty on steel pipes by requesting "consultations" at the World Trade Organisation, a senior trade ministry official said, in the latest in a series of recent disputes between the two allies. The United States Co
Published 11 Apr, 2012 12:00am
Airbus closes in on $2.5 billion Indonesian deal

Airbus closes in on $2.5 billion Indonesian deal

Indonesia's Garuda is close to buying A330 jets worth about $2.5 billion from Europe's Airbus, two people familiar with the deal said, strengthening a bonanza for Western planemakers as the archipelago nation latches on to a boom in air travel. The deal i
Published 11 Apr, 2012 12:00am
Hussey stands firm as Australia struggle

Hussey stands firm as Australia struggle

West Indies held the upper hand at the end of the third day of the first Test here on Monday as they reduced Australia to 248 for 5, still trailing by 201 runs. Only a solid 73 by captain Michael Clarke and a typically stubborn unbeaten 47 by veteran Mike
Published 11 Apr, 2012 12:00am
Australia 366 for nine at lunch

Australia 366 for nine at lunch

Australia were 366 for nine at lunch on the fourth day of the first Test against Australia at Kensington Oval on Tuesday. Ryan Harris was not out 60 and Nathan Lyon unbeaten on 16.
Published 11 Apr, 2012 12:00am
Balotelli escapes action over Song clash

Balotelli escapes action over Song clash

Manchester City striker Mario Balotelli will not face further punishment following his wild tackle on Arsenal midfielder Alex Song last weekend, the Football Association confirmed on Tuesday. Balotelli, who was given a three-match ban following his sendin
Published 11 Apr, 2012 12:00am
Fewer Test draws down to pitches: Atkinson

Fewer Test draws down to pitches: Atkinson

A recent reduction in test draws is due to wickets around the world offering a better balance between bat and ball, International Cricket Council (ICC) pitches consultant Andy Atkinson said on Tuesday. The ICC, the game's governing body, said in a news re
Published 11 Apr, 2012 12:00am
Broad ruled out of all cricket for three weeks

Broad ruled out of all cricket for three weeks

England bowler Stuart Broad has been ruled out of all cricket for three weeks as he attempts to recover from a calf strain, the England and Wales Cricket Board announced on Tuesday. Broad missed England's second Test victory over Sri Lanka in Colombo last
Published 11 Apr, 2012 12:00am
PCB announces women-A cricket team for Japan

PCB announces women-A cricket team for Japan

Pakistan Cricket Board (PCB) Women Wing has announced Pakistan Women-A cricket team for upcoming tour to Japan. Pakistan Women-A cricket team will take part in the Pakistan-Japan 60th Anniversary Cricket Festival scheduled from April 25 to May 01, 2012. T
Published 11 Apr, 2012 12:00am
Murray dreams of Wimbledon double

Murray dreams of Wimbledon double

Andy Murray is dreaming of a unique double this year by claiming a first Wimbledon title followed by an Olympic gold medal at the same venue just a few weeks later. The world number four said Tuesday he is building his summer programme around a twin assau
Published 11 Apr, 2012 12:00am
Ivanovic charged over Wigan clash

Ivanovic charged over Wigan clash

Chelsea defender Branislav Ivanovic was hit with a violent conduct charge on Tuesday following an off-the-ball clash in last weekend's win over Wigan Athletic. Television footage showed Ivanovic appearing to aim a punch at Wigan midfielder Shaun Maloney d
Published 11 Apr, 2012 12:00am
PCB chief warns Bangladesh over tour; 'positive' on India ties

PCB chief warns Bangladesh over tour; 'positive' on India ties

Pakistan Cricket Board (PCB) Chairman Zaka Ashraf said Tuesday that he is still optimistic about tour of Bangladesh cricket team to Pakistan saying "decision in this regard is expected on last ball." Talking to reporters here on Tuesday, head of Pakistan'
Published 11 Apr, 2012 12:00am
Bangladesh set for first-ever Test in India

Bangladesh set for first-ever Test in India

Bangladesh may play their maiden Test series in India later this year, the Bangladesh Cricket Board (BCB) said on Tuesday. India have not hosted Bangladesh for a Test match since the Tigers gained full status in 2000. Bangladesh's only visits to India hav
Published 11 Apr, 2012 12:00am
Lampard reaches 150 Premier League goals in Chelsea draw

Lampard reaches 150 Premier League goals in Chelsea draw

Frank Lampard became the first midfielder to chalk up 150 Premier League goals but it was not enough to earn Chelsea victory as they were held 1-1 at west London rivals Fulham on Monday. The 33-year-old Lampard struck from the penalty spot in the 45th min
Published 11 Apr, 2012 12:00am
Chelsea slip in Champions League race

Chelsea slip in Champions League race

Chelsea were left two points adrift of one of the four Champions League places on offer to English teams as Newcastle stole a march on their rivals for top-class European club football on Monday. Chelsea were held to a 1-1 draw by Fulham, having kicked of
Published 11 Apr, 2012 12:00am
Pakistan eyes Twenty20 league

Pakistan eyes Twenty20 league

Deprived of hosting international matches since a deadly attack on the Sri Lankan team bus three years ago, Pakistan hopes a high-profile new Twenty20 league can lure back overseas players. No international team has played in Pakistan since the March 2009
Published 11 Apr, 2012 12:00am
Ownership standoff over Australia's Jets

Ownership standoff over Australia's Jets

Australian football on Tuesday refused billionaire Nathan Tinkler's bid to dump his licence for the Newcastle Jets, setting the stage for a bitter standoff in the troubled A-League. Coal tycoon Tinkler's Hunter Sports Group (HSG) said it would turn in its
Published 11 Apr, 2012 12:00am
Sterling index near 13-month peak

Sterling index near 13-month peak

Sterling rose to its highest in more than 13 months against its currency basket on Tuesday and stayed near a three-month high against the euro, as unease about the euro zone debt crisis prompted investors to switch to the UK currency. The pound was also s
Published 11 Apr, 2012 12:00am
Asian currencies turn weaker

Asian currencies turn weaker

Most emerging Asian currencies turned lower on Tuesday, hurt by weaker-than-expected China import growth while the won came under more pressure after North Korea said a planned long-range rocket launch would go ahead as planned. Regional units initially r
Published 11 Apr, 2012 12:00am
Indian rupee tumbles

Indian rupee tumbles

The Indian rupee slid to a near-three-month low on Tuesday weighed by dollar demand from oil importers, while choppy local shares and worries over global growth kept risk appetite subdued. The rupee ended at 51.475/485 to the dollar, weaker than Monday's
Published 11 Apr, 2012 12:00am
Australian and New Zealand dollars down

Australian and New Zealand dollars down

The Australian and New Zealand dollars failed to advance on Tuesday against their US counterpart as markets reacted cautiously to a surprise trade surplus in China and a steady rate decision from Japan. The Australian dollar edged lower to $1.0307, from $
Published 11 Apr, 2012 12:00am
Euro rises versus dollar, yen in New York

Euro rises versus dollar, yen in New York

The euro rose against the dollar and the yen on Monday in thin trading as disappointing US jobs data last week kept alive market expectations of more easing from the Federal Reserve, with analysts eyeing a slew of Fed speakers later in the week. Data on U
Published 11 Apr, 2012 12:00am
Early trade in New York: Yen hits one-month high

Early trade in New York: Yen hits one-month high

The yen jumped to a one-month high against the dollar on Tuesday after the Bank of Japan refrained from loosening monetary policy further and concerns about the finances of Spain and Italy drove a bid for safety. The yen's gains, however, could be capped
Published 11 Apr, 2012 12:00am
Yen rises, euro slips in London trade

Yen rises, euro slips in London trade

The yen hit a one-month high against the dollar on Tuesday after the Bank of Japan opted not to loosen monetary policy further, and the currency looked likely to hold its gains in the near term as concerns about US growth weigh on Treasury yields. The eur
Published 11 Apr, 2012 12:00am
Yen soars in Asia

Yen soars in Asia

The yen inched higher against the dollar after the Bank of Japan refrained from more easing on Tuesday, although many thought it would stay under pressure on expectation Tokyo would loosen policy later in April. The yen was also sold by Japanese importers
Published 11 Apr, 2012 12:00am
Yuan sags

Yuan sags

The yuan eased on Tuesday as mixed Chinese trade data did little to dispel the view that the central bank will allow little or no currency appreciation in the near term. Spot yuan closed at 6.3115, 30 pips weaker than Monday's close, after the central ban
Published 11 Apr, 2012 12:00am
FTSE 100 close to erasing 2012 gains after plunge

FTSE 100 close to erasing 2012 gains after plunge

Britain's top share index plunged on Tuesday to surrender almost all its remaining 2012 gains, led by falls in risk-sensitive miners, oils, and banking stocks after last Friday's weak US jobs data undermined global economic expectations. The FTSE 100 inde
Published 11 Apr, 2012 12:00am
Southeast Asian markets: Thailand, Philippine hit four-week lows

Southeast Asian markets: Thailand, Philippine hit four-week lows

Thai and Philippine shares fell to four-week lows on Tuesday, weighed down by broad selling in regional markets, but most other Southeast Asian stock markets pushed higher amid selective buying in blue chip firms. Thailand's main SET index ended down 1.4
Published 11 Apr, 2012 12:00am
Indian shares slightly higher

Indian shares slightly higher

India's main indexes posted slight gains on Tuesday as consumer good stocks such as Hindustan Unilever benefited from a switch to defensive stocks, though oil and gas shares dropped after a government directive to cut gas tariffs in New Delhi. Traders wer
Published 11 Apr, 2012 12:00am
European shares hit 12-week low

European shares hit 12-week low

European shares hit a 12-week low on Tuesday as fresh concerns about global growth and pressure on some highly indebted euro zone countries hurt cyclical stocks, with charts for a major blue chip index showing scope for yet further declines. Financials, m
Published 11 Apr, 2012 12:00am
Hong Kong shares sink to 2-1/2 month low; China stocks up

Hong Kong shares sink to 2-1/2 month low; China stocks up

Hong Kong shares slipped to a 2-1/2-month low, dragged by the heavily weighted banking sector as investors took a cautious stance ahead of Chinese economic data this week that will offer clues on possible policy easing. Mainland Chinese markets reversed e
Published 11 Apr, 2012 12:00am
US bond yields drop to four-week low

US bond yields drop to four-week low

US Treasury debt prices rose on Monday, driving long yields to a four-week low, after a disappointing US payrolls report reignited economic concerns and raised bets on extra easing measures by the Federal Reserve. Major US stock indexes lost nearly one pe
Published 11 Apr, 2012 12:00am
US bond yields drop to four-week low

US bond yields drop to four-week low

US Treasury debt prices rose on Monday, driving long yields to a four-week low, after a disappointing US payrolls report reignited economic concerns and raised bets on extra easing measures by the Federal Reserve. Major US stock indexes lost nearly one pe
Published 11 Apr, 2012 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks ended up 0.52 percent on Tuesday after a tax reform panel reached a consensus to levy tax on stock investment gains, removing most of the uncertainty surrounding a move that had spooked investors and prompted a plunge in the local market. Th
Published 11 Apr, 2012 12:00am
Dow, S&P extend losses to fourth day

Dow, S&P extend losses to fourth day

The Dow and the S&P 500 extended losses to a fourth day on Monday, as investors took their cues from last week's disappointing jobs report, which raised fresh concerns about the US economy's recovery. Despite Monday's declines, the Dow industrials and the
Published 11 Apr, 2012 12:00am
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