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Archive - 2012-04-15
Australia 74 for two at lunch
Cricket

Australia 74 for two at lunch

PORT OF SPAIN: Australia were 74 for two at lunch on the first day of the second Test against the West Indies at Queen's
Published 15 Apr, 2012 04:11pm
Chicken sold at record high price
Top News

Chicken sold at record high price

LAHORE: Chicken meat was sold at a record high price in the Punjab capital on Sunday, as one kilogram chicken was availa
Published 15 Apr, 2012 01:33pm
Taliban claim Kabul attacks
Asia

Taliban claim Kabul attacks

KABUL: Taliban on Sunday claimed multiple attacks inAfghanistan's capital targeting an upmarket diplomatic enclave and t
Published 15 Apr, 2012 10:19am
Egypt ruler meets politicians
Africa

Egypt ruler meets politicians

CAIRO: Egypt's military ruler will hold talks with political leaders on Sunday after next month's presidential election
Published 15 Apr, 2012 08:43am
Lone killers wreak carnage
Europe

Lone killers wreak carnage

OSLO: The right-wing extremist Anders Behring Breivik, who goes on trial on Monday charged with killing 77 people in Jul
Published 15 Apr, 2012 06:32am
Bee Gees singer Robin Gibb in coma
Arts

Bee Gees singer Robin Gibb in coma

LONDON: Robin Gibb, singer with the legendary British band the Bee Gees, was in a coma in hospital Sunday after contract
Published 15 Apr, 2012 06:24am
Qadir's appointment as AGP challenged
Top News

Qadir's appointment as AGP challenged

KHUDAYAR MOHLA ISLAMABAD: A contempt petition filed in the Supreme Court on Saturday sought court orders to declare r
Published 15 Apr, 2012 05:12am
Hina to visit Washington any time soon
Top News

Hina to visit Washington any time soon

ALI HUSSAIN & ZULFIQAR AHMAD BHURBAN: Foreign Secretary Jalil Abbas Jilani on Saturday said that Foreign Minister Hin
Published 15 Apr, 2012 05:12am
Chinese tyre makers keep buying amid thin trade

Chinese tyre makers keep buying amid thin trade

Chinese tyremakers bought Indonesia grade rubber bolstering prices in thin physical trading in Southeast Asia on Wednesday, traders said, ahead of a week-long holiday in Thailand, the world's biggest rubber producer and exporter.
Published 15 Apr, 2012 12:00am
Japan copper output to rise

Japan copper output to rise

Copper output in Japan, the world's No 3 producer of the metal, will rise 25 percent in the April-September period from a disaster-hit low last year as smelters boost run rates, counting on a pick up in reconstruction demand and steady demand growth from
Published 15 Apr, 2012 12:00am
Egypt disqualifies top Islamists, Mubarak VP from vote

Egypt disqualifies top Islamists, Mubarak VP from vote

The body overseeing Egypt's presidential election disqualified 10 candidates from the race on Saturday, including the Muslim Brotherhood's Khairat al-Shater, former spy chief Omar Suleiman and ultra orthodox Salafi sheikh Hazem Salah Abu Ismail.
Published 15 Apr, 2012 12:00am
Three dead, 33 wounded in Philippine bombing

Three dead, 33 wounded in Philippine bombing

Three people were killed and 33 others wounded after a man hurled a grenade into a cockfighting arena in the southern Philippines on Saturday, a police official said. More than a hundred people had gathered at the makeshift cockpit in the small rural town
Published 15 Apr, 2012 12:00am
Events around the world mark Titanic centenary

Events around the world mark Titanic centenary

In the birthplace of the Titanic, residents will gather for a choral requiem. In the North Atlantic, above the ship's final resting place, passengers will pray as a band strikes up a hymn and three floral wreaths are cast onto the waves.
Published 15 Apr, 2012 12:00am
Obama Secret Service agents sent home for 'misconduct'

Obama Secret Service agents sent home for 'misconduct'

The Secret Service was embroiled in a new row Saturday after it was revealed that about 12 agents protecting US President Barack Obama in Colombia were sent home amid rumours of a sex scandal. Just hours after Obama arrived late Friday in Cartagena, under
Published 15 Apr, 2012 12:00am
Maldives stage first vote after coup claims

Maldives stage first vote after coup claims

President Mohamed Waheed of the Maldives, accused of seizing power in a military-backed coup, successfully faced down his first popularity test Saturday with his favourites winning two by-elections. Waheed did not directly field candidates but endorsed me
Published 15 Apr, 2012 12:00am
Iraq political blocs accuse Prime Minister of dictatorship

Iraq political blocs accuse Prime Minister of dictatorship

Key political factions accused the premier of moving towards a dictatorship with the arrest of Iraq's electoral commission chief, a charge the prime minister denied on Saturday. Faraj al-Haidari, head of the Independent High Electoral Commission (IHEC), w
Published 15 Apr, 2012 12:00am
Small makeshift bomb explodes outside Greek bank

Small makeshift bomb explodes outside Greek bank

A small makeshift bomb exploded outside a branch of Greece's second largest lender, Eurobank , in central Athens early on Saturday, causing no injuries or serious damage, a police official said. The device consisted of two gas canisters but only one of th
Published 15 Apr, 2012 12:00am
Russian opposition rallies to back hunger-striker

Russian opposition rallies to back hunger-striker

Thousands of opposition supporters on Saturday marched through a Russian city in support of a hunger-striking local politician who says he was robbed of an election victory by vote rigging. Up to 4,000 people took part in the rally in the southern Russian
Published 15 Apr, 2012 12:00am
German ship stopped carrying Iranian arms to Syria

German ship stopped carrying Iranian arms to Syria

Germany said Saturday it was investigating the possible breaking of an arms embargo after a report claiming that a German ship had been carrying Iranian weapons bound for Syria. The news weekly Der Spiegel reported Saturday on its website that a German sh
Published 15 Apr, 2012 12:00am
36 kidnapped workers freed in Peru

36 kidnapped workers freed in Peru

Peruvian rebels on Saturday freed 36 construction workers from a Swedish company and a Peruvian firm who had been held captive for five days, a local government official said. The workers, kidnapped on Monday, had walked "seven hours from the mountains to
Published 15 Apr, 2012 12:00am
Thaksin hails 'signs of reconciliation' at mass rally

Thaksin hails 'signs of reconciliation' at mass rally

Ousted Thai premier Thaksin Shinawatra said Saturday Thailand could begin to heal its deep political rifts in an address to thousands of "Red Shirt" supporters in Cambodia. Thaksin, a divisive figure in his homeland who lives abroad to avoid a jail term f
Published 15 Apr, 2012 12:00am
Firebrand French leftist kicks off weekend of vote rallies

Firebrand French leftist kicks off weekend of vote rallies

Tens of thousands of red flag- waving supporters of firebrand leftist Jean-Luc Melenchon gathered in Marseille Saturday, kicking off a weekend of rallies before France's presidential vote. Organisers said 120,000 people rallied under sunny skies on Marsei
Published 15 Apr, 2012 12:00am
SBP sacrifices industrial growth: Gohar Ejaz

SBP sacrifices industrial growth: Gohar Ejaz

Group leader of All Pakistan Textile Mills Association (APTMA) Gohar Ejaz said on Saturday that State Bank of Pakistan (SBP) was not only compromising with but also sacrificing industrial growth by keeping interest rate high in its monetary policy.
Published 15 Apr, 2012 12:00am
Olive cultivation to be promoted in country

Olive cultivation to be promoted in country

A plan has been prepared to promote cultivation of olive in the country and Azad Kashmir. Official sources told Business Recorder on Saturday that overall demand of olive oil was 1.9 million tons, of which 1.3 million tons was being imported from d
Published 15 Apr, 2012 12:00am
Iran visit: Shiraz businessmen invited to invest in Punjab

Iran visit: Shiraz businessmen invited to invest in Punjab

Iran investors, especially from Shiraz, have been invited to invest in agriculture, livestock, dairy, energy and infrastructure sectors of Punjab. Senior Adviser to the Punjab Chief Minister Senator Sardar Zulfiqar Ali Khan Khosa is said to have extended
Published 15 Apr, 2012 12:00am
Federal capital witnesses rise in crimes

Federal capital witnesses rise in crimes

The capital city has witnessed rise in crimes as police have registered 11 robbery, eight car lifting and three murder cases during the last week, which belies the claims of police high ups that crime rate is declining in the city. According to informatio
Published 15 Apr, 2012 12:00am
'Punjab government spending huge resources to upgrade transport system'

'Punjab government spending huge resources to upgrade transport system'

Punjab Chief Minister Shahbaz Sharif has said that Punjab government is spending huge resources on the provision of comfortable, quality and economical transport facilities to the masses. He said that modern bus service has been launched in the provincial
Published 15 Apr, 2012 12:00am
Call for mourning: Lyari, other Baloch-dominated areas remain tense

Call for mourning: Lyari, other Baloch-dominated areas remain tense

Several parts of Lyari and other Baloch-dominated areas of the city remained tense on Saturday, following a call for mourning by the banned People's Amn Committee (PAC) against Lyari's killings. As the sun rose, people in Lyari and other adjacent areas to
Published 15 Apr, 2012 12:00am
Senior auditors upgraded from BS-16 to BS-17

Senior auditors upgraded from BS-16 to BS-17

The Federal Board of Revenue (FBR) has upgraded the post of Inland Revenue Audit Officer (BS-16) (Senior Auditor) from BS-16 to BS-17 from April 3, 2012. In this connection, the FBR has issued a notification here on Saturday. Sources said that over 350 se
Published 15 Apr, 2012 12:00am
Construction work for Zulfikarabad Tankers Terminal inaugurated

Construction work for Zulfikarabad Tankers Terminal inaugurated

Governor of Sindh Dr Ishrat-ul-Ebad Khan has said that oil tankers terminal in Zulfiqarabad was a very important project and now its foundation stone was laid after removing the obstacles in its construction. Oil tankers parked in different areas of Karac
Published 15 Apr, 2012 12:00am
Workshop on elimination of corporal punishment held

Workshop on elimination of corporal punishment held

Speakers at a workshop on 'Problem solving mechanism in schools for the elimination of corporal punishment' said that corporal punishment leaves psychological and physical impacts on students, stressing the need for using alternative methods of guidance.
Published 15 Apr, 2012 12:00am
Wall Street ends worst two weeks since November

Wall Street ends worst two weeks since November

US stocks closed their worst two-week slide since November with a selloff on Friday as disappointing China growth data sparked worries the global recovery was flagging. Concerns that Europe's debt crisis was flaring up again added to selling pressure. Sec
Published 15 Apr, 2012 12:00am
IFC to issue its first Nigerian naira bond

IFC to issue its first Nigerian naira bond

The International Finance Corporation has gained approval from the Nigerian government to issue its first naira-denominated bond, a senior official told Reuters on Thursday. Jingdong Hua, vice president and treasurer of the private-sector lending arm of t
Published 15 Apr, 2012 12:00am
IFC to issue its first Nigerian naira bond

IFC to issue its first Nigerian naira bond

The International Finance Corporation has gained approval from the Nigerian government to issue its first naira-denominated bond, a senior official told Reuters on Thursday. Jingdong Hua, vice president and treasurer of the private-sector lending arm of t
Published 15 Apr, 2012 12:00am
Latam stocks Plummet

Latam stocks Plummet

Latin American stocks fell across the board on Friday on worries the global economy may slow after China reported lacklustre growth and fears over Europe's debt problems resurfaced in Spain. The MSCI Latin American stock index was down 2.03 percent, losin
Published 15 Apr, 2012 12:00am
Deutsche Boerse appeals EU veto of NYSE merger

Deutsche Boerse appeals EU veto of NYSE merger

German stock market operator Deutsche Boerse said on Friday it had appealed a European Union veto against a merger with NYSE Euronext that would have created the world's largest exchange operator. "We have filed the complaint before the competent authorit
Published 15 Apr, 2012 12:00am
Carlyle prepares to launch IPO next week

Carlyle prepares to launch IPO next week

Carlyle Group is expected to launch its IPO as early as next week, according to market sources, coinciding with a step-up in deal size across the US IPO market. The private equity firm, which first filed for an IPO in September, is widely expected to seek
Published 15 Apr, 2012 12:00am
TSX notches seventh straight weekly loss

TSX notches seventh straight weekly loss

Canada's main stock index tumbled on Friday, snapping a two-day rally and ending its seventh consecutive week lower as a flare-up in global growth concerns hit fragile investor confidence. Data showed that China's economy expanded 8.1 percent in the first
Published 15 Apr, 2012 12:00am
Canada regulators impose tough rules on 'dark' trades

Canada regulators impose tough rules on 'dark' trades

Canada's securities watchdogs unveiled strict rules on Friday for anonymous stock trades in so-called "dark pools," a move the regulators said was aimed at protecting investors from the risk of unfair pricing. Dark pools allow some players, often big inst
Published 15 Apr, 2012 12:00am
Laureate eyes IPO up to $750 million, hires banks

Laureate eyes IPO up to $750 million, hires banks

For-profit higher education company Laureate Education, which has former US President Bill Clinton as honorary chancellor, has picked banks to lead an initial public offering that could raise as much as $750 million, according to people familiar with the
Published 15 Apr, 2012 12:00am
Bank split emerges as bond plan back in focus

Bank split emerges as bond plan back in focus

European Central Bank policymakers are at odds over whether to reactivate their controversial bond-buy programme, providing an early test for ECB President Mario Draghi who is growing frustrated with divisions among his team. The disquiet has yet to reach
Published 15 Apr, 2012 12:00am
Bank split emerges as bond plan back in focus

Bank split emerges as bond plan back in focus

European Central Bank policymakers are at odds over whether to reactivate their controversial bond-buy programme, providing an early test for ECB President Mario Draghi who is growing frustrated with divisions among his team. The disquiet has yet to reach
Published 15 Apr, 2012 12:00am
ADR Report: Indian shares post worst day in eight months on Infosys

ADR Report: Indian shares post worst day in eight months on Infosys

Indian shares traded in the United States posted their worst decline in eight months on Friday as Infosys nose-dived after a disappointing revenue outlook cast a long shadow over the broader view for corporate profits. The forecast from India's No 2 softw
Published 15 Apr, 2012 12:00am
Euro debt supply: Spanish auction to test confidence in troubled debtors

Euro debt supply: Spanish auction to test confidence in troubled debtors

Spain will test investors' confidence in its debt-laden economy next Thursday when it tries to sell new 2- and 10-year bonds after its borrowing costs jumped at auctions last week. The insipid demand for Spanish debt gave markets a sharp wake-up call afte
Published 15 Apr, 2012 12:00am
Investors raise bets on Singapore dollar, more bearish on won

Investors raise bets on Singapore dollar, more bearish on won

Investors slightly raised bets on the Singapore dollar in the past two weeks ahead of the central bank's policy meeting, becoming more bullish on the currency than on any other emerging Asian unit, a Reuters poll showed on Thursday. The Monetary Authority
Published 15 Apr, 2012 12:00am
Canadian dollar weakens

Canadian dollar weakens

The Canadian dollar slid against its US counterpart on Friday as sluggish Chinese growth and Europe's lingering debt mess weakened risk sentiment, but hopes for a rosier outlook from the Bank of Canada next week boosted Canada's currency above other major
Published 15 Apr, 2012 12:00am
US dollar longs jump to largest since June 2010

US dollar longs jump to largest since June 2010

Currency speculators boosted their bets in favour of the US dollar in the latest week to their largest since June 2010, according to Reuters data and figures from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net l
Published 15 Apr, 2012 12:00am
South African rand slides

South African rand slides

South Africa's rand slid against the dollar on Friday as weaker-than-expected Chinese gross domestic product data hit emerging market sentiment, while bonds were flat after a holiday-shortened week. From being the strongest performer against the dollar am
Published 15 Apr, 2012 12:00am
Euro falls as Spanish debt worries resurface

Euro falls as Spanish debt worries resurface

The euro fell on Friday, sliding for a second straight week against the dollar and the yen as rising Spanish borrowing costs spooked investors already reluctant to hold the single currency over the weekend. Investors reaced to news that Spain's banks are
Published 15 Apr, 2012 12:00am
Latam FX pressured by soft China data, Spain woes

Latam FX pressured by soft China data, Spain woes

Latin America's currencies weakened on Friday after China reported its slowest first-quarter growth in three years and euro zone concerns lingered as Spain's borrowing costs continued to rise. China's annual rate of GDP growth fell below market expectatio
Published 15 Apr, 2012 12:00am
ECB cash pushes Euribor rates to 21-month lows

ECB cash pushes Euribor rates to 21-month lows

Key euro zone bank-to-bank lending rates fell to 21-month lows on Friday, extending falls driven by the enormous volume of cash the European Central Bank has pumped into financial markets since late last year. The ECB, which left official euro zone intere
Published 15 Apr, 2012 12:00am
CHINA MONEY: currency speculation seen emerging after trading band move

CHINA MONEY: currency speculation seen emerging after trading band move

China's milestone move to widen the yuan's trading band will give banks and companies the most space to speculate on the currency since the country established its foreign exchange market in 1994. In the near term, the widening of the band to 1 percent fr
Published 15 Apr, 2012 12:00am
US judge wants more graft proof to seize assets of African leader's son

US judge wants more graft proof to seize assets of African leader's son

A US judge said prosecutors must provide more evidence to support allegations that the son of Equatorial Guinea's president illegally took millions of dollars to live a lavish lifestyle including buying a jet, luxury vehicles and pop singer Michael Jackso
Published 15 Apr, 2012 12:00am
Haiti launches anti-cholera vaccination campaign

Haiti launches anti-cholera vaccination campaign

The Haitian government along with international partners including the World Health Organisation launched a vaccination campaign against cholera on Saturday targeting 100,000 people in vulnerable areas of the impoverished Caribbean country.
Published 15 Apr, 2012 12:00am
Thousands gather to welcome Malawi president's remains

Thousands gather to welcome Malawi president's remains

A sombre mood fell over Malawi as truckloads of people welcomed the remains of late president Bingu wa Mutharika, flown back from South Africa Saturday following a fatal heart attack. Thousands of Malawians waited with new President Joyce Banda as a South
Published 15 Apr, 2012 12:00am
Spanish king has hip replacement surgery after fall

Spanish king has hip replacement surgery after fall

Spain's King Juan Carlos I underwent hip replacement surgery in Madrid on Saturday after breaking his right hip in a fall during a private trip to Botswana, the Royal Household said. The 74-year-old monarch, who suffers from osteoarthritis, tripped on a s
Published 15 Apr, 2012 12:00am
Carroll heads Liverpool into FA Cup final

Carroll heads Liverpool into FA Cup final

Liverpool striker Andy Carroll headed an 87th minute winner to secure a 2-1 victory over Merseyside rivals Everton in an error-strewn FA Cup semi-final at Wembley Stadium on Saturday. The scrappy win after they conceded an early goal puts Liverpool into n
Published 15 Apr, 2012 12:00am
Sendai hold onto J-League lead

Sendai hold onto J-League lead

Forward Shingo Akamine scored a game-deciding goal to give Vegalta Sendai a 3-2 win over defending champions Kashiwa Reysol to stay top of the J-League standings on Saturday. The leaders secured the win with Akamine's flick-in on 78 minutes. Sendai had go
Published 15 Apr, 2012 12:00am
Rain fails to dampen Oosthuizen charge

Rain fails to dampen Oosthuizen charge

US Masters runner-up Louis Oosthuizen dodged thunderous rainstorms to hold a one-shot lead at the Maybank Malaysian Open on Saturday before play was washed out for a second day running. Oosthuizen, who has shrugged off last week's play-off loss and fatigu
Published 15 Apr, 2012 12:00am
Injury-hit Nadal eyes eighth Monte Carlo title

Injury-hit Nadal eyes eighth Monte Carlo title

Rafael Nadal begins his bid for an unprecedented eighth straight Monte Carlo Masters title plagued by new fears over his physical condition. The Spaniard takes to the European clay for the first time this year having spent the past fortnight trying to hea
Published 15 Apr, 2012 12:00am
Tevez on song as City win 6-1

Tevez on song as City win 6-1

Carlos Tevez fired a hat-trick and fellow Argentine Sergio Aguero scored twice as Manchester City thrashed Norwich City 6-1 to move within two points of Premier League leaders Manchester United on Saturday. Former skipper Tevez, who was handed his first s
Published 15 Apr, 2012 12:00am
Italian football suspended after player death

Italian football suspended after player death

All weekend football in Italy has been called off following the death of Livorno midfielder Piermario Morosini on Saturday, the Italian Football Federation said. The 25-year-old, on loan from Serie A side Udinese, collapsed on the pitch during a second di
Published 15 Apr, 2012 12:00am
Dortmund close in on title with nine-point lead

Dortmund close in on title with nine-point lead

Defending champions Borussia Dortmund put one hand on the German league title on Saturday as their 2-1 win at Ruhr valley rivals Schalke left them nine points clear at the top of the table. With second-placed Bayern Munich hosting Mainz on Saturday night,
Published 15 Apr, 2012 12:00am
Isner, Lopez advance to US clay-court semis

Isner, Lopez advance to US clay-court semis

World number 10 John Isner beat defending champion Ryan Sweeting 7-6 (7/1), 7-6 (7/4) on Friday to reach the semi-finals of the $442,500 ATP US Men's Clay Court Championship. Isner, the second seed, fired 11 aces and saved all six break points that he fac
Published 15 Apr, 2012 12:00am
Hamilton quickest in final China practice

Hamilton quickest in final China practice

McLaren wrapped up practice for the Chinese Grand Prix on Saturday with Lewis Hamilton and Jenson Button one-two on top of the timesheets and looking comfortably quicker than their Formula One rivals. The championship leaders will not be able to secure th
Published 15 Apr, 2012 12:00am
Nokia says fixed flagship smartphone software bug

Nokia says fixed flagship smartphone software bug

Nokia said on Saturday it has fixed a software bug in its Lumia 900 smartphones which went on sale a week ago in the United States, its answer to Apple's iPhone. Earlier this week Nokia said its first 4G phone, which it markets with the strapline "an amaz
Published 15 Apr, 2012 12:00am
Lockheed wins $259 million deal for 2 more US F-35s

Lockheed wins $259 million deal for 2 more US F-35s

Lockheed Martin Corp on Friday won a $259 million contract adding two more F-35 fighter jets to a fifth batch of jets being purchased by the US military, boosting the size of that order to 32 jets, the Pentagon and Lockheed officials said.
Published 15 Apr, 2012 12:00am
Panama to review 2014 canal deadline, may face added delays

Panama to review 2014 canal deadline, may face added delays

Panama will know in a few months whether the long-awaited expansion of its famous shipping canal will meet the 2014 deadline for completion or face further delays, the canal administrator's chief executive said. The $5.3 billion canal overhaul - already a
Published 15 Apr, 2012 12:00am
Iraq probes possible Arab summit corruption

Iraq probes possible Arab summit corruption

The Iraqi parliament is investigating possible corruption in preparations for the Arab summit which Baghdad hosted in March at a cost of hundreds of millions of dollars, an MP said Saturday. "We have indications that there was corruption (in the preparati
Published 15 Apr, 2012 12:00am
Saudi Arabia denies Swedish deal to build arms plant

Saudi Arabia denies Swedish deal to build arms plant

Saudi Arabia on Saturday denied any deal with Sweden to build an arms factory, in its first reaction to a weeks-old controversy which led to the resignation of the Swedish defence minister. "The Saudi defence ministry affirms that no accord has been signe
Published 15 Apr, 2012 12:00am
Obama urges Congress to pass 'Buffett Rule'

Obama urges Congress to pass 'Buffett Rule'

US President Barack Obama on Saturday urged Congress to pass the so-called "Buffett Rule," which calls for increasing the tax rate on Americans making more than $1 million a year. "Most Americans support this idea," Obama said in his weekly radio and Inte
Published 15 Apr, 2012 12:00am
Obama cites potential of billion consumers in the Americas

Obama cites potential of billion consumers in the Americas

US President Barack Obama stressed on Saturday the "great promise" for business growth in the Americas, seeking to play up the economic heft of the region he has paid little attention to in his first three years in office. In remarks prepared for a meetin
Published 15 Apr, 2012 12:00am
Clinton backs women entrepreneurs in Americas

Clinton backs women entrepreneurs in Americas

US Secretary of State Hillary Clinton on Friday announced a new public-private partnership to promote women entrepreneurs in Latin America, a move aimed at boosting overall growth and prosperity. Clinton told women entrepreneurs in Cartagena, Colombia, th
Published 15 Apr, 2012 12:00am
Ocampo ends World Bank bid, backs Nigerian

Ocampo ends World Bank bid, backs Nigerian

Former Colombian finance minister Jose Antonio Ocampo ended his bid to become World Bank president on Friday, leaving two candidates in an unprecedented challenge to US control of the global development institution. With the board of the World Bank to mee
Published 15 Apr, 2012 12:00am
Turkmen head says GDP up 10.4 percent, chides energy official

Turkmen head says GDP up 10.4 percent, chides energy official

Turkmenistan's gas-fuelled economy grew 10.4 percent year-on-year in January-March, President Kurbanguly Berdymukhamedov was quoted as saying, but he also reprimanded a senior official for not doing enough to develop the key energy sector. First quarter g
Published 15 Apr, 2012 12:00am
US politics clash with reality over Chinese currency

US politics clash with reality over Chinese currency

US politicians readily muscle up to talk tough against China on the campaign trail, charging its policies undermine American manufacturing, but two key planks of the argument for criticising Beijing are crumbling. The Chinese currency has risen 31 percent
Published 15 Apr, 2012 12:00am
Slovenia public debt to rise 50.1 percent of GDP

Slovenia public debt to rise 50.1 percent of GDP

Slovenia's public debt is expected to rise to about 50.1 percent of gross domestic product (GDP) this year from 47.6 percent in 2011, Finance Minister Janez Sustersic said in an interview published in daily Delo on Saturday. "We do not have the final esti
Published 15 Apr, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 61,036 tonnes of cargo comprising1 54,843 tonnes of import cargo and 6,193 tonnes of export cargo including 3,722 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 54,843 ton
Published 15 Apr, 2012 12:00am
US wheat futures fall on economic worries

US wheat futures fall on economic worries

US wheat futures fell Friday, with the benchmark Chicago Board of Trade contract hitting a two-week low, on worries that global economic weakness could stunt world wide demand and lower prices for wheat amid plentiful supplies, traders said. CBOT May whea
Published 15 Apr, 2012 12:00am
Canadian canola futures slip

Canadian canola futures slip

ICE Canadian canola futures slipped on Friday as buying interest cooled at prices near contract highs, but the oilseed notched its 11th weekly gain in 13 weeks. Spillover pressure seen from weaker US soybeans and grains on concerns about slowing growth in
Published 15 Apr, 2012 12:00am
Erratic weather showing no mercy to Brazil's coffee crop

Erratic weather showing no mercy to Brazil's coffee crop

Erratic weather is showing no mercy to Brazil's coffee crop as conditions turn dry again, depriving beans of a last moisture boost that would help them swell out more before harvesting begins in about a month, forecasters and agronomists said. The souther
Published 15 Apr, 2012 12:00am
FOB Gulf soya premiums steady to firm

FOB Gulf soya premiums steady to firm

Soyabean export premiums at the US Gulf Coast were steady with a firm tone on Friday amid very strong export demand, most of it from China and mostly for new-crop supplies, traders said. Chinese importers aggressively booked soyabean purchases from the US
Published 15 Apr, 2012 12:00am
US Midwest corn bids hold steady

US Midwest corn bids hold steady

Corn spot basis bids held steady at elevators and river terminals in the US Midwest on Friday, but processor bids firmed slightly in an effort to entice farmers as crop sales remained slow, dealers said. Soya bids held mostly steady while producers focuse
Published 15 Apr, 2012 12:00am
India to see record sugar export in two seasons

India to see record sugar export in two seasons

India is on track to achieve all-time high sugar exports over two straight seasons, 2011/12 (October-September) and 2010/11, commodities house Czarnikow said on Friday. "Following the excellent harvest this season, Indian exports will exceed 2.5 million t
Published 15 Apr, 2012 12:00am
Indonesian soya imports could exceed 1.8 million tonnes

Indonesian soya imports could exceed 1.8 million tonnes

Indonesia's soyabean imports could exceed 1.8 million tonnes this year as domestic supplies struggle to meet demand, an industry official said on Friday, urging the government to boost import duties about fivefold. Indonesia, home to around 240 million pe
Published 15 Apr, 2012 12:00am
China's March commodities output jump on demand revival hopes

China's March commodities output jump on demand revival hopes

China's commodity output surged in March, with steel hitting a record high of 61.2 million tonnes, while copper and aluminium also galloped to near record levels as producers bet on a demand revival, prompting some analysts to warn of a supply surplus.
Published 15 Apr, 2012 12:00am
Cottonseeds oilcake prices sharply up on grain market

Cottonseeds oilcake prices sharply up on grain market

Cottonseeds oilcakes prices were sharply higher on the wholesale grain market on Saturday in process of moderate trading, dealers said. Only one change was seen on the seed sector, where cottonseed oilcake with bag Sindh picked up Rs 100 to Rs 500-800, ot
Published 15 Apr, 2012 12:00am
Upward price march continues amid tight supply on cotton market

Upward price march continues amid tight supply on cotton market

Prices are still on upward march amid tight supplies on the cotton market on Saturday, dealers said. Official spot rate extended its overnight gains, picking up Rs 50 more to Rs 5700, thus it rose by Rs 200 during the week, indicating prices may maintain
Published 15 Apr, 2012 12:00am
Oil cake market rates

Oil cake market rates

Rising trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The May vaida that had closed at Rs 785.70, opened with a sharp gain of Rs 1.30 to Rs 787.00. The July contract which closed at Rs 849.40 also
Published 15 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 (April 14, 2012).

Published 15 Apr, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
THE RUPEE: upward trend on open market

THE RUPEE: upward trend on open market

Rising trend was seen on the open market on Saturday as the rupee posted fresh gains against dollar and euro, dealers said. The rupee picked up 10 paisa in relation to dollar for buying at 91.00 and gained five paisa for selling at 91.20, they said.
Published 15 Apr, 2012 12:00am
THE RUPEE: upward trend on open market

THE RUPEE: upward trend on open market

Rising trend was seen on the open market on Saturday as the rupee posted fresh gains against dollar and euro, dealers said. The rupee picked up 10 paisa in relation to dollar for buying at 91.00 and gained five paisa for selling at 91.20, they said.
Published 15 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (April 14, 2012) and for Sunday (April 15, 2012).
Published 15 Apr, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (April 14, 2012).

Published 15 Apr, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (April 14, 2012) and the forecast for Sunday (April 15, 2012).

Published 15 Apr, 2012 12:00am
Your rupee last quarter

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (January 03 to March 30, 2012)

Published 15 Apr, 2012 12:00am
UN unanimously approves Syria observer force

UN unanimously approves Syria observer force

The UN Security Council on Saturday unanimously passed its first resolution on the Syria crisis, allowing an advance party of cease-fire monitors to go to the country on the brink of civil war. UN Resolution 2042 approved the first 30 unarmed military mon
Published 15 Apr, 2012 12:00am
UN unanimously approves Syria observer force

UN unanimously approves Syria observer force

The UN Security Council on Saturday unanimously passed its first resolution on the Syria crisis, allowing an advance party of cease-fire monitors to go to the country on the brink of civil war. UN Resolution 2042 approved the first 30 unarmed military mon
Published 15 Apr, 2012 12:00am
Iran holds 'positive' talks with world powers, but spurns US

Iran holds 'positive' talks with world powers, but spurns US

A new Iranian willingness to discuss its nuclear programme in crunch negotiations with world powers on Saturday raised the chances of a second round of more in-depth talks very soon, diplomats said. In a reminder however of Tehran's enmity towards Washing
Published 15 Apr, 2012 12:00am
Iran holds 'positive' talks with world powers, but spurns US

Iran holds 'positive' talks with world powers, but spurns US

A new Iranian willingness to discuss its nuclear programme in crunch negotiations with world powers on Saturday raised the chances of a second round of more in-depth talks very soon, diplomats said. In a reminder however of Tehran's enmity towards Washing
Published 15 Apr, 2012 12:00am
Hina to visit Washington any time soon

Hina to visit Washington any time soon

Foreign Secretary Jalil Abbas Jilani on Saturday said that Foreign Minister Hina Rabbani Khar would soon visit Washington to pursue resumption of Pak-US strategic dialogue, stalled following killing of al Qaeda leader Osama bin Laden in Abbottabad operati
Published 15 Apr, 2012 12:00am
Hina to visit Washington any time soon

Hina to visit Washington any time soon

Foreign Secretary Jalil Abbas Jilani on Saturday said that Foreign Minister Hina Rabbani Khar would soon visit Washington to pursue resumption of Pak-US strategic dialogue, stalled following killing of al Qaeda leader Osama bin Laden in Abbottabad operati
Published 15 Apr, 2012 12:00am
Hina to visit Washington any time soon

Hina to visit Washington any time soon

Foreign Secretary Jalil Abbas Jilani on Saturday said that Foreign Minister Hina Rabbani Khar would soon visit Washington to pursue resumption of Pak-US strategic dialogue, stalled following killing of al Qaeda leader Osama bin Laden in Abbottabad operati
Published 15 Apr, 2012 12:00am
Hina to visit Washington any time soon

Hina to visit Washington any time soon

Foreign Secretary Jalil Abbas Jilani on Saturday said that Foreign Minister Hina Rabbani Khar would soon visit Washington to pursue resumption of Pak-US strategic dialogue, stalled following killing of al Qaeda leader Osama bin Laden in Abbottabad operati
Published 15 Apr, 2012 12:00am
Qadir's appointment as AGP challenged

Qadir's appointment as AGP challenged

A contempt petition filed in the Supreme Court on Saturday sought court orders to declare recent appointment of Attorney General for Pakistan (AGP) Irfan Qadir illegal. Qadir was appointed as AGP by the Federal government while former top legal officer of
Published 15 Apr, 2012 12:00am
Qadir's appointment as AGP challenged

Qadir's appointment as AGP challenged

A contempt petition filed in the Supreme Court on Saturday sought court orders to declare recent appointment of Attorney General for Pakistan (AGP) Irfan Qadir illegal. Qadir was appointed as AGP by the Federal government while former top legal officer of
Published 15 Apr, 2012 12:00am
Indo-Pak commerce secretaries to hold talks on May 3

Indo-Pak commerce secretaries to hold talks on May 3

India and Pakistan on Saturday announced that the two countries would create new opportunities to boost business ties and showed readiness for exploring the possibilities of opening more routes to expand economic engagements. Commerce Secretaries of both
Published 15 Apr, 2012 12:00am
Indo-Pak commerce secretaries to hold talks on May 3

Indo-Pak commerce secretaries to hold talks on May 3

India and Pakistan on Saturday announced that the two countries would create new opportunities to boost business ties and showed readiness for exploring the possibilities of opening more routes to expand economic engagements. Commerce Secretaries of both
Published 15 Apr, 2012 12:00am
Indo-Pak commerce secretaries to hold talks on May 3

Indo-Pak commerce secretaries to hold talks on May 3

India and Pakistan on Saturday announced that the two countries would create new opportunities to boost business ties and showed readiness for exploring the possibilities of opening more routes to expand economic engagements. Commerce Secretaries of both
Published 15 Apr, 2012 12:00am
'Lifestyle Pakistan' exposition gets impressive response

'Lifestyle Pakistan' exposition gets impressive response

The "Lifestyle Pakistan" exhibition organised by the Trade Development Authority of Pakistan (TDAP) in collaboration with India Trade Promotion Organisation (ITPO) received marvellous response from Indians who rushed to the venue to buy Pakistani brands.
Published 15 Apr, 2012 12:00am
'Lifestyle Pakistan' exposition gets impressive response

'Lifestyle Pakistan' exposition gets impressive response

The "Lifestyle Pakistan" exhibition organised by the Trade Development Authority of Pakistan (TDAP) in collaboration with India Trade Promotion Organisation (ITPO) received marvellous response from Indians who rushed to the venue to buy Pakistani brands.
Published 15 Apr, 2012 12:00am
''Lifestyle Pakistan'' exposition gets impressive response

''Lifestyle Pakistan'' exposition gets impressive response

The "Lifestyle Pakistan" exhibition organised by the Trade Development Authority of Pakistan (TDAP) in collaboration with India Trade Promotion Organisation (ITPO) received marvellous response from Indians who rushed to the venue to buy Pakistani brands.
Published 15 Apr, 2012 12:00am
China widens yuan currency trading band

China widens yuan currency trading band

China expanded the yuan's daily trading band against the dollar on Saturday in a milestone move underscoring its ambition to liberalise its nascent financial markets and turn them into a global force. China's central bank said the yuan would be allowed to
Published 15 Apr, 2012 12:00am
China widens yuan currency trading band

China widens yuan currency trading band

China expanded the yuan's daily trading band against the dollar on Saturday in a milestone move underscoring its ambition to liberalise its nascent financial markets and turn them into a global force. China's central bank said the yuan would be allowed to
Published 15 Apr, 2012 12:00am
China widens yuan currency trading band

China widens yuan currency trading band

China expanded the yuan''s daily trading band against the dollar on Saturday in a milestone move underscoring its ambition to liberalise its nascent financial markets and turn them into a global force. China''s central bank said the yuan would be allowed
Published 15 Apr, 2012 12:00am
Rs 2.346 trillion revenue target for fiscal year 2013 likely

Rs 2.346 trillion revenue target for fiscal year 2013 likely

The federal government is likely to fix a Rs 2.346 trillion revenue collection target for next fiscal (2012-2013) against Rs 1.952 trillion for 2011-2012 without any increase or decrease in the existing standard rate of 16 percent sales tax. Sources told
Published 15 Apr, 2012 12:00am
Rs 2.346 trillion revenue target for fiscal year 2013 likely

Rs 2.346 trillion revenue target for fiscal year 2013 likely

The federal government is likely to fix a Rs 2.346 trillion revenue collection target for next fiscal (2012-2013) against Rs 1.952 trillion for 2011-2012 without any increase or decrease in the existing standard rate of 16 percent sales tax. Sources told
Published 15 Apr, 2012 12:00am
Rs 2.346 trillion revenue target for fiscal year 2013 likely

Rs 2.346 trillion revenue target for fiscal year 2013 likely

The federal government is likely to fix a Rs 2.346 trillion revenue collection target for next fiscal (2012-2013) against Rs 1.952 trillion for 2011-2012 without any increase or decrease in the existing standard rate of 16 percent sales tax. Sources told
Published 15 Apr, 2012 12:00am
Major decisions taken to improve working of WEBOC clearance system

Major decisions taken to improve working of WEBOC clearance system

The Federal Board of Revenue (FBR) has taken some major decisions to improve working of the Web-Based One Customs (WEBOC) clearance system including constitution of a committee comprising senior customs officials to develop concept papers for different mo
Published 15 Apr, 2012 12:00am
Major decisions taken to improve working of WEBOC clearance system

Major decisions taken to improve working of WEBOC clearance system

The Federal Board of Revenue (FBR) has taken some major decisions to improve working of the Web-Based One Customs (WEBOC) clearance system including constitution of a committee comprising senior customs officials to develop concept papers for different mo
Published 15 Apr, 2012 12:00am
Major decisions taken to improve working of WEBOC clearance system

Major decisions taken to improve working of WEBOC clearance system

The Federal Board of Revenue (FBR) has taken some major decisions to improve working of the Web-Based One Customs (WEBOC) clearance system including constitution of a committee comprising senior customs officials to develop concept papers for different mo
Published 15 Apr, 2012 12:00am
Airlines cancel 'flytilla' tickets on Israel objections

Airlines cancel 'flytilla' tickets on Israel objections

European airlines have cancelled tickets for an unspecified number of passengers planning to attend a pro-Palestinian activist gathering after Israel raised objections. British airline Jet2.com and French carrier Air France said Saturday they had joined G
Published 15 Apr, 2012 12:00am
Nine more killed in Quetta

Nine more killed in Quetta

Quetta remained in grip of terrorism as nine more persons including a police man were killed in three different targeted killing incidents of Hazara tribesmen here Saturday. It may be recalled here that 28 persons have been killed in incidents of targeted
Published 15 Apr, 2012 12:00am
Nine more killed in Quetta

Nine more killed in Quetta

Quetta remained in grip of terrorism as nine more persons including a police man were killed in three different targeted killing incidents of Hazara tribesmen here Saturday. It may be recalled here that 28 persons have been killed in incidents of targeted
Published 15 Apr, 2012 12:00am
Swiss banks to hand over staff names in US tax row

Swiss banks to hand over staff names in US tax row

Switzerland will allow banks to hand over the names of any employees and other third parties who helped wealthy Americans evade taxes to US prosecutors, a Swiss newspaper reported on Saturday. Eleven Swiss banks including Credit Suisse and Julius Baer are
Published 15 Apr, 2012 12:00am
Swiss banks to hand over staff names in US tax row

Swiss banks to hand over staff names in US tax row

Switzerland will allow banks to hand over the names of any employees and other third parties who helped wealthy Americans evade taxes to US prosecutors, a Swiss newspaper reported on Saturday. Eleven Swiss banks including Credit Suisse and Julius Baer are
Published 15 Apr, 2012 12:00am
Swiss banks to hand over staff names in US tax row

Swiss banks to hand over staff names in US tax row

Switzerland will allow banks to hand over the names of any employees and other third parties who helped wealthy Americans evade taxes to US prosecutors, a Swiss newspaper reported on Saturday. Eleven Swiss banks including Credit Suisse and Julius Baer are
Published 15 Apr, 2012 12:00am
Arms ban no bar to Nato convoys: analysts

Arms ban no bar to Nato convoys: analysts

Pakistan's insistence that no arms transit through its territory to Afghanistan is largely a gesture to quell domestic anti-US sentiment and will not hinder the resumption of Nato convoys, analysts say. Pakistan stopped Nato supplies travelling overland f
Published 15 Apr, 2012 12:00am
Arms ban no bar to Nato convoys: analysts

Arms ban no bar to Nato convoys: analysts

Pakistan's insistence that no arms transit through its territory to Afghanistan is largely a gesture to quell domestic anti-US sentiment and will not hinder the resumption of Nato convoys, analysts say. Pakistan stopped Nato supplies travelling overland f
Published 15 Apr, 2012 12:00am
Siachen avalanche: nation, army praying for safe rescue: DGMO

Siachen avalanche: nation, army praying for safe rescue: DGMO

The entire nation and army were praying for a miracle for the safe recovery of soldiers trapped under an avalanche in the Siachen area, Director-General, Military operations (DGMO), Major-General Ashfaq Nadeem said on Saturday.
Published 15 Apr, 2012 12:00am
Siachen avalanche: nation, army praying for safe rescue: DGMO

Siachen avalanche: nation, army praying for safe rescue: DGMO

The entire nation and army were praying for a miracle for the safe recovery of soldiers trapped under an avalanche in the Siachen area, Director-General, Military operations (DGMO), Major-General Ashfaq Nadeem said on Saturday.
Published 15 Apr, 2012 12:00am
Daily use items' prices depict a rising trend

Daily use items' prices depict a rising trend

The prices of daily use items, especially vegetables, poultry items, shoe polish, pulses, wheat flour, spices and fruits, witnessed an increase during the current week against last week, revealed a survey carried out by Business Recorder on Saturda
Published 15 Apr, 2012 12:00am
Daily use items' prices depict a rising trend

Daily use items' prices depict a rising trend

The prices of daily use items, especially vegetables, poultry items, shoe polish, pulses, wheat flour, spices and fruits, witnessed an increase during the current week against last week, revealed a survey carried out by Business Recorder on Saturda
Published 15 Apr, 2012 12:00am
Daily use items'' prices depict a rising trend

Daily use items'' prices depict a rising trend

The prices of daily use items, especially vegetables, poultry items, shoe polish, pulses, wheat flour, spices and fruits, witnessed an increase during the current week against last week, revealed a survey carried out by Business Recorder on Saturda
Published 15 Apr, 2012 12:00am
English test cancelled over sanctions

English test cancelled over sanctions

Iranian media say a popular English-language test has been cancelled because organisers in Iran were unable to pay their British partner due to banking sanctions against the Islamic country. News websites say Iranian applicants were expected to take the I
Published 15 Apr, 2012 12:00am
English test cancelled over sanctions

English test cancelled over sanctions

Iranian media say a popular English-language test has been cancelled because organisers in Iran were unable to pay their British partner due to banking sanctions against the Islamic country. News websites say Iranian applicants were expected to take the I
Published 15 Apr, 2012 12:00am
Salman Bashir made new HC to India

Salman Bashir made new HC to India

Pakistan on Saturday formally announced the appointment of Salman Bashir as its new High Commissioner to India. Foreign Office Spokesman Moazzam Ahmed Khan giving the details said the government has announced the appointment of formerly Foreign Secretary
Published 15 Apr, 2012 12:00am
Salman Bashir made new HC to India

Salman Bashir made new HC to India

Pakistan on Saturday formally announced the appointment of Salman Bashir as its new High Commissioner to India. Foreign Office Spokesman Moazzam Ahmed Khan giving the details said the government has announced the appointment of formerly Foreign Secretary
Published 15 Apr, 2012 12:00am
Indian central bank chief calls economic view 'disturbing'

Indian central bank chief calls economic view 'disturbing'

India's deficits and short-term debt levels are "disturbing," but it is not facing a repeat of a 1991 balance of payments crisis, central bank chief Duvvuri Subbarao said on Saturday. Dependent on imported oil which it then subsidises, India is exposed to
Published 15 Apr, 2012 12:00am
Indian central bank chief calls economic view 'disturbing'

Indian central bank chief calls economic view 'disturbing'

India's deficits and short-term debt levels are "disturbing," but it is not facing a repeat of a 1991 balance of payments crisis, central bank chief Duvvuri Subbarao said on Saturday. Dependent on imported oil which it then subsidises, India is exposed to
Published 15 Apr, 2012 12:00am
Indian central bank chief calls economic view ''disturbing''

Indian central bank chief calls economic view ''disturbing''

India''s deficits and short-term debt levels are "disturbing," but it is not facing a repeat of a 1991 balance of payments crisis, central bank chief Duvvuri Subbarao said on Saturday. Dependent on imported oil which it then subsidises, India is exposed t
Published 15 Apr, 2012 12:00am
Afghan peace council gets new chairman

Afghan peace council gets new chairman

The son of a former Afghan peace council chairman killed by a suicide bomber was elected Saturday to succeed his father as head of the group tasked with reaching out to the Taliban to find a political resolution to the decade-long war. It is hoped that ha
Published 15 Apr, 2012 12:00am
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