Print - 2009-04-10
25 vice chancellors get leadership training in UK

25 vice chancellors get leadership training in UK

Country Director British Council, Sue Beaumont held a reception for Vice Chancellors of 25 Pakistani universities who had returned from a Leadership conference and training in the UK. The training was sponsored by the HEC and British Council and conducted
Published 10 Apr, 2009 12:00am
Faisalabad University, UoB sign MoU

Faisalabad University, UoB sign MoU

The University of Faisalabad inked MoU with Bradford University UK for academic co-operation. A Memorandum of Understand-ing (MoU) has been signed between The University of Faisalabad and University of Bradford (UoB) UK to establish formal relationship sp
Published 10 Apr, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 09, 2009).

Published 10 Apr, 2009 12:00am
Punjab to ban wheat movement soon

Punjab to ban wheat movement soon

Punjab government is all set to ban inter-district and inter-provincial transportation of wheat for achieving the procurement target and ensuring availability of roti at subsidised rates, sources told on Thursday. They said the ban would come into force i
Published 10 Apr, 2009 12:00am
Bomb rumours create panic

Bomb rumours create panic

The rumours to plant bomb in a high-profile private school of Peoples Colony created panic here on Thursday and the scared parents rushed to surrounding schools of the vicinity in harassed condition to bring back their children from these schools. On rece
Published 10 Apr, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 09, 2009).

Published 10 Apr, 2009 12:00am
AJK advisor calls for early settlement of Kashmir conflict

AJK advisor calls for early settlement of Kashmir conflict

Advisor to AJK government, Chaudhry Yasin on Thursday called for early peaceful settlement of Kashmir issue entirely according to the aspirations of the people of Jammu and Kashmir state, major party to the lingering global dispute.
Published 10 Apr, 2009 12:00am
People asked to renew expired ID cards

People asked to renew expired ID cards

The National Data and Registration Authority (Nadra) has advised the citizens to get their expired Computerised National Identity Cards (CNIC) renewed in order to avoid any inconvenience. Nadras spokesman warned that after expiry of these cards, the card
Published 10 Apr, 2009 12:00am
Energy sector: new petroleum policy to bring positive changes

Energy sector: new petroleum policy to bring positive changes

New petroleum policy would help bring positive changes in the energy sector, enabling the country to meet the growing demand of oil and gas by achieving autarky in this sector, renowned expert on energy, Dr Gulfaraz Ahmed said on Thursday.
Published 10 Apr, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 09, 2009).

Published 10 Apr, 2009 12:00am
US to provide vast resources for poverty alleviation

US to provide vast resources for poverty alleviation

Economic Officer US Consulate Lahore Mark S. Palermo has said that United States will provide vast resources for the poverty alleviation by boosting agricultural productivity in order to obtain rural development and food security of Pakistan. He was talki
Published 10 Apr, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (April 09, 2009) and for Friday (April 10, 2009).
Published 10 Apr, 2009 12:00am
Nadias paintings put on display

Nadias paintings put on display

An exhibition of paintings by Nadia Hussain opened here on Thursday at Rohtas Art Gallery (RAG) with the presentation of 27 works. The artist has captured the images of bones from the skeleton of human body that express, convey and communicate the desired
Published 10 Apr, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 09, 2009).

Published 10 Apr, 2009 12:00am
Wheat procurement drive to start from April 15

Wheat procurement drive to start from April 15

Wheat procurement campaign will start here from April 15 and all arrangements in the district have been completed. The Officials of Agriculture Department informed this during a meeting held here which was chaired by DCO Muhammad Haroon Rafique. The DCO d
Published 10 Apr, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 09, 2009).

Published 10 Apr, 2009 12:00am
Miscreants will not be allowed to derail peace process

Miscreants will not be allowed to derail peace process

NWFP Minister for Information, Mian Iftikhar Hussein on Thursday said that the provincial government will take any kind of measure for provision of protection to the people, but will never allow miscreants to derail the peace process.
Published 10 Apr, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 09, 2009).

Published 10 Apr, 2009 12:00am
Pakistan and India urged to resolve Kashmir dispute

Pakistan and India urged to resolve Kashmir dispute

Senior leader of the All Parties Hurriyet Conference (APHC), Maulana Abbas Ansari has called upon the governments of India and Pakistan to amicably resolve the Kashmir dispute for the safe and secure future of people of South Asia in occupied Kashmir.
Published 10 Apr, 2009 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 10 Apr, 2009 12:00am
Missing youths family waits for his return

Missing youths family waits for his return

A mother of a missing youth in occupied Kashmir on Thursday said that she wanted to see her son, Fayaz Ahmad Sheikh, before her death. According to Kashmir Media Service, family members of the youth told media men that Fayaz Ahmad Sheikh, son of Late Muha
Published 10 Apr, 2009 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 10 Apr, 2009 12:00am
Ports tariff: formation of NTRA suggested

Ports tariff: formation of NTRA suggested

Ports and Shippings former Director General Captain Anwar Shah has suggested setting up of a National Tariff Regulatory Authority (NTRA) for controlling mal-practices of terminal operators. Shah, who is now advisor to the President Karachi Chamber of Comm
Published 10 Apr, 2009 12:00am
Punjab Assembly Speaker leaves for Saudi Arabia

Punjab Assembly Speaker leaves for Saudi Arabia

The Speaker Punjab Assembly, Rana Muhammad Iqbal, left for Saudi Arabia to perform Umra on Thursday. He would return to the country on April 17, while Rana Mushood, Deputy Speaker would be acting Speaker in his absence.
Published 10 Apr, 2009 12:00am
Justice Javed Iqbal takes oath as acting CJ

Justice Javed Iqbal takes oath as acting CJ

The Supreme Court will remain within its ambit but will address the problems of people including the issue of missing persons, said Acting Chief Justice Javed Iqbal, here on Thursday. Addressing the media after taking oath of Acting Chief Justice, he said
Published 10 Apr, 2009 12:00am
For America, the problem is Pakistan

For America, the problem is Pakistan

We will need to remind ourselves often in the next few years that the situation in Afghanistan and Pakistan is not the Obama administrations fault. It inherited from George W. Bush a crisis, so deep and so horribly complex that dealing with it would tax t
Published 10 Apr, 2009 12:00am
Barclays Bank rolls out Oracle Flexcube on Oracle Database

Barclays Bank rolls out Oracle Flexcube on Oracle Database

Barclays Bank, a trusted bank with 300 years of heritage and offering efficient banking services, has chosen Oracle database to power its core banking applications - Oracle FLEXCUBE. Oracle certified advantage partner, Ora-Tech Systems, will augment the b
Published 10 Apr, 2009 12:00am
Seminar on Sindh ADP, Budget 2009-2010

Seminar on Sindh ADP, Budget 2009-2010

A policy seminar on Sindh Annual Development Plan (ADP) and budget 2009-10 will be held at the Institute of Business Administration (IoBM), Korangi Creek here on April 11. The Centre for Research in Sindh (CRIS), recently established under the patronage o
Published 10 Apr, 2009 12:00am
Investment in tractor industry linked to stable government policy

Investment in tractor industry linked to stable government policy

Further investment in tractor industry is linked to stable government policy that provides at least level playing field to the local manufacturers instead of periodically facilitating tractor imports on concession. Sikandar Mustafa Khan, chairman of a lar
Published 10 Apr, 2009 12:00am
MRTA demands to hold elections

MRTA demands to hold elections

President, Mall Road Traders Association (MRTA), Raja Hamid Riaz, has demanded that elections of the traders should be held either at the end of April or first week of May. He was addressing a press conference along with the Chairman MRTA Suhail Mahmood B
Published 10 Apr, 2009 12:00am
Nadra - facilitator or detractor?

Nadra - facilitator or detractor?

Instead of facilitator, the National Database Registration Authority (Nadra) may gain the reputation of a detractor as the procedure of getting a Computerised National Identity Card (CNIC) has been made too cumbersome, particularly for those who come from
Published 10 Apr, 2009 12:00am
ICMAP book fair

ICMAP book fair

The Institute of Cost and Management Accountants of Pakistan (ICMAP) is organising "Book Fair - 2009" for all book lovers at the ICMAP head office, Gulshan-e-Iqbal on April 11 and 12. The idea is to promote book culture in a society, which is devoid of re
Published 10 Apr, 2009 12:00am
FBR striving to provide a greater fiscal space

FBR striving to provide a greater fiscal space

Federal Board of Revenue (FBR) Chairman Ahmad Waqar said that FBR is striving to provide a greater fiscal space to the government by improving the tax-to-GDP ratio and broadening the tax base. Waqar was addressing participants of the 90th National Managem
Published 10 Apr, 2009 12:00am
JSCL buys 1.361 million ordinary voting shares of Azgard

JSCL buys 1.361 million ordinary voting shares of Azgard

The Jahangir Siddiqui & Company Limited (JSCL) has purchased 1,361,500 ordinary voting shares of Azgard Nine Limited on April 7, 2009 giving rise to total investment in 75,546,500 ordinary voting shares of ANL. JSCL is the beneficial owner in ANL original
Published 10 Apr, 2009 12:00am
New NFC Award unlikely before next budget

New NFC Award unlikely before next budget

The federal government is unlikely to announce the new National Finance Commission (NFC) Award before the next budget, as it failed to develop consensus among the provinces, it is reliably learnt. Acording to sources, factors, like a prolonged political s
Published 10 Apr, 2009 12:00am
Meeting of review board on sacked employees held

Meeting of review board on sacked employees held

Review board on sacked employees/workers on Thursday discussed various aspects of its working methodology and formulated the procedure for speedy disposal of the petitions of the sacked employees. The first meeting of review board on sacked employees/ wor
Published 10 Apr, 2009 12:00am
Needed: single regulator for the financial sector

Needed: single regulator for the financial sector

The Advisor on Finance to the Prime Minister, Shaukat Tarin, is holding an in-house meeting on the need of a single regulator for the oversight of companies in the financial sector today. At present, commercial banks are regulated by the State Bank of Pak
Published 10 Apr, 2009 12:00am
Punjab chief secretary delineates plan of action

Punjab chief secretary delineates plan of action

Punjab Chief Secretary Javed Mehmood has said that Punjab government is continuously striving to upgrade the living standard of the people of the province, therefore it is emphasising on improving governance, better service delivery, well-conceived develo
Published 10 Apr, 2009 12:00am
At the crossroads

At the crossroads

That President Obamas new strategy for Afghan war is bereft of any regard for the sensitivities of the people of Pakistan and their government; we came to know of it rather early in the day. Early this week, in their interlocutions with our civilian and m
Published 10 Apr, 2009 12:00am
CCP Order: Price floor prevented competitive bidding on bourses - IV

CCP Order: Price floor prevented competitive bidding on bourses - IV

C. Defences Raised by KSE: 58. KSE and LSE raised the defence (see paragraphs 25(a) and 26 (j) respectively), that their act of placing the floor had the tacit approval of the securities regulator, ie the Securities and Exchange Commission of Pakis
Published 10 Apr, 2009 12:00am
Islam stands for justice

Islam stands for justice

We the members of the Karachi Bioethics Group, professionals from several healthcare institutions in this city, wish to strongly condemn the recent, widely reported episode of the brutal flogging of a teenage girl in Swat, an area which is an integral par
Published 10 Apr, 2009 12:00am
Anti-terrorist courts: Judges directed to expedite disposal of cases

Anti-terrorist courts: Judges directed to expedite disposal of cases

The administrative judge of the anti-terrorist courts, Justice Mian Muhammad Najamuz Zaman of the Lahore High Court has directed the judges of the anti-terrorist courts to expedite the disposal of cases. Justice Zaman, gave these directions while presidin
Published 10 Apr, 2009 12:00am
BHC takes suo motu notice

BHC takes suo motu notice

The Balochistan High Court (BHC) on Thursday took suo motu notice about assassinations and throwing away bodies of three Baloch leaders Ghulam Muhammad Baloch, Lala Munir Ahmed and Sher Muhammad Baloch in Turbat, Pak-Iran bordering district. A division be
Published 10 Apr, 2009 12:00am
Transfers and postings of judges

Transfers and postings of judges

The Chief Justice of Peshawar High Court has issued the transfer and posting orders of two judicial officers with an immediate effect in the interest of public service.
Published 10 Apr, 2009 12:00am
BHC takes suo motu notice

BHC takes suo motu notice

The Balochistan High Court (BHC) on Thursday took suo motu notice about assassinations and throwing away bodies of three Baloch leaders Ghulam Muhammad Baloch, Lala Munir Ahmed and Sher Muhammad Baloch in Turbat, Pak-Iran bordering district. A division be
Published 10 Apr, 2009 12:00am
Government to make academic audit process a regular feature

Government to make academic audit process a regular feature

The federal government would make academic audit process a regular feature of educational development process to improve standard of education. This was stated by Federal Minister for Education Mir Hazar Khan Bijarani at the inaugural session of two day N
Published 10 Apr, 2009 12:00am
Transport shortage, dilapidated road irk residents of Model Town

Transport shortage, dilapidated road irk residents of Model Town

The residents of Model Town Humak and its adjoining localities are facing acute shortage of public transport service on Sihala-Raja Bazar route as they have no option to travel other than the Suzuki van. Thousands of people daily travel on this route whic
Published 10 Apr, 2009 12:00am
Russian parliamentary team calls on Naek

Russian parliamentary team calls on Naek

A nine-member Russian Parliamentary Delegation comprising members of State Duma headed by Sergey T. Pekpeev called on Chairman Senate Farooq H. Naek. Russian Ambassador to Pakistan Andrey Budnik was also present. Speaking to the delegation, Naek said all
Published 10 Apr, 2009 12:00am
Government to revive cottage industry in Sindh: minister

Government to revive cottage industry in Sindh: minister

Sindh Industries and Commerce Minister Rauf Siddiqi on Thursday said that government is committed to revive handicrafts and cottage industry in Sindh. For this purpose, construction of a small estate on 50 acres at Mithi is being completed to promote loca
Published 10 Apr, 2009 12:00am
Police help sought to eliminate sale of narcotics

Police help sought to eliminate sale of narcotics

Nazim Site Town, Izharuddin Ahmed has condemned sale of contraband drugs and expressed concern over non-co-operative attitude of police. He was chairing a meeting in which the issue of open sale of narcotics was discussed. The meeting was attended by peop
Published 10 Apr, 2009 12:00am
Sindh chief secretary reviews arrangements for sasti roti project

Sindh chief secretary reviews arrangements for sasti roti project

Sindh Chief Secretary, Fazlur Rehman, in compliance to Chief Ministers directive for "Sasti Roti" project in Sindh, has assigned the DCOs to carry out a survey of inhabitations of most poor people in their respective districts and send their list to Chief
Published 10 Apr, 2009 12:00am
Singer Pakistan to raise authorised capital

Singer Pakistan to raise authorised capital

Singer Pakistan Ltd has convened its annual general meeting on April 30, 2009 to consider and approve enhancing of authorised share capital of the company to Rs 400 million by issuing ordinary shares. According to a company announcement communicated to KS
Published 10 Apr, 2009 12:00am
CDA agrees to demarcate land for construction of cricket stadium

CDA agrees to demarcate land for construction of cricket stadium

The Capital Development Authority (CDA) has agreed in principle to demarcate 40 acres of land in National Park Area of Zone-II for the construction of a cricket stadium of international standard in the Federal Capital. The details of the agreement would b
Published 10 Apr, 2009 12:00am
JUI-F to discuss issues of PTDC in Parliament

JUI-F to discuss issues of PTDC in Parliament

The parliamentarians of Jamiat Ulema Islam (F) have been asked to gather information about privatisation of PTDC hotels and motels and take up the issue in parliament. "We all need to discuss privatisation of PTDCs hotels and motels in the parliament," Ma
Published 10 Apr, 2009 12:00am
Seven alleged outlaws arrested

Seven alleged outlaws arrested

CIA Police Model Town has arrested seven accused involved in dacoity and street crimes and recovered gold ornaments, 11 mobile phones, 71 thousand rupees cash, six pistols, one revolver and cartages from them. During initial investigation, the culprits di
Published 10 Apr, 2009 12:00am
Workshop on disaster management in NWFP held

Workshop on disaster management in NWFP held

Government of NWFP in collaboration with GTZ arranged a one-day workshop on Disaster Management in NWFP at a local hotel in Peshawar on Thursday. Special Secretary Finance Department, Abdus Samad Khan was the chief guest on the occasion while Commissioner
Published 10 Apr, 2009 12:00am
403 constables promoted

403 constables promoted

Capital City Police Officer, Muhammad Pervez Rathore on Wednesday issued orders of 403 constables who have successfully passed their examination for promotion.
Published 10 Apr, 2009 12:00am
US should provide coal-fired technology for power generation

US should provide coal-fired technology for power generation

United States should provide Pakistan with coal-fired technology for electricity generation so it could be able to cope with its ever increasing demand for power which is direly needed for sustainable economic and agriculture growth.
Published 10 Apr, 2009 12:00am
Book on Income Tax Law of Pakistan 2008-09 published

Book on Income Tax Law of Pakistan 2008-09 published

The Oxford University Press (OUP) has published the book, written by the Principal of Punjab University Hailey College of Banking & Finance (HCBF), Professor Dr Khawaja Amjad Saeed, titled Income Tax Law of Pakistan 2008-09 which comprises 22 chapters.
Published 10 Apr, 2009 12:00am
Embezzlement of funds: Shahbaz urged to constitute committee for probe

Embezzlement of funds: Shahbaz urged to constitute committee for probe

Chief Minister Punjab, Mian Muhammad Shahbaz Sharif should constitute a high-level committee to probe into the misappropriation and embezzlement of funds in the financial affairs of Punjab Public Library by Secretary Higher Education Azhar Hussain Shamim,
Published 10 Apr, 2009 12:00am
US MIDDAY: gold declines

US MIDDAY: gold declines

US gold futures slipped early Thursday as some investors unwound their safe-haven play when the dollar strengthened and equity markets firmed following positive earnings news that suggested improved economic prospects, traders said. Commodity and financia
Published 10 Apr, 2009 12:00am
US MIDDAY: soya surges

US MIDDAY: soya surges

Soyabean futures on the Chicago Board of Trade rallied early Thursday on USDAs tight end-season stocks forecast and a rally on Wall Street, traders said. May soya was up 20 cents at $10.26 a bushel by 9:40 am CDT, after climbing to $10.30-3/4 - a 2-1/2 mo
Published 10 Apr, 2009 12:00am
US MIDDAY: copper futures jump

US MIDDAY: copper futures jump

US copper futures jumped to a fresh 5-month high early Thursday as a firmer open on Wall Street and bullish inventory data showing a steep drop in supply boosted values ahead of the long holiday weekend. New York energy and commodity markets will be close
Published 10 Apr, 2009 12:00am
US MIDDAY: sugar rises

US MIDDAY: sugar rises

Raw sugar futures on ICE Futures US at 1129 GMT. May raw sugar contract rose 0.02 cent to 12.58 cents per lb. Dealing from 12.42 to 12.63 cents. Volume in May contract at 6,454 lots.
Published 10 Apr, 2009 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

CBOT May wheat was down 7 cents per bushel at $5.25 per bushel on early Thursday on profit-taking and on a big global stockpile of wheat, traders said.
Published 10 Apr, 2009 12:00am
Gold slips in London

Gold slips in London

Gold edged lower as US and European stock markets rose further on Thursday, with trading muted ahead of the Easter break. Platinum and palladium both rose to multi-month highs, however, as investment demand was boosted by news that new exchange-traded pro
Published 10 Apr, 2009 12:00am
US MIDDAY: cocoa, coffee up

US MIDDAY: cocoa, coffee up

US cocoa reversed higher in early trade on Thursday, shrugging off sharply lower quarterly grind data from Germany ahead of the holiday weekend, while arabica coffee futures inched higher, traders said. The market will be closed on Good Friday. It will re
Published 10 Apr, 2009 12:00am
Sugar, cocoa and coffee rise in London

Sugar, cocoa and coffee rise in London

Sugar, cocoa and coffee futures rose on Thursday, buoyed by broad-based gains in energy and commodity markets on signs that the economic outlook might be improving, dealers said. "The energy complex is stronger which is supportive and maybe we are getting
Published 10 Apr, 2009 12:00am
Oil rises nearly 5.8 percent

Oil rises nearly 5.8 percent

Oil prices rose nearly 5.8 percent on Thursday, fuelled by a rally on Wall Street and data showing that the number of workers filing new claims for unemployment benefits fell last week. US crude rose $2.86 to settle at $52.24 a barrel while London Brent r
Published 10 Apr, 2009 12:00am
Falling inventories spur copper to five-month high

Falling inventories spur copper to five-month high

Copper shot through $4,500 a tonne to 5-month highs on Thursday after inventories fell and warehouse metal tagged for delivery rose, but dire demand prospects were expected to cap prices. Benchmark copper on the London Metal Exchange hit $4,564 a tonne, t
Published 10 Apr, 2009 12:00am
New York cotton futures smidgen lower

New York cotton futures smidgen lower

Cotton futures finished easier on Thursday on investor liquidation to scupper a rally fuelled by option-linked and investment fund buying in front of a holiday break, brokers said. The cotton market will be shut on Good Friday. Trading resumes Monday. The
Published 10 Apr, 2009 12:00am
FTSE snaps four-day losing run

FTSE snaps four-day losing run

Britains leading share index ended 1.5 percent higher on Thursday, snapping a four-day losing run, boosted by US bank Wells Fargos strong first-quarter outlook and easing US jobless claims. The FTSE 100 closed up 58.19 points at 3,983.71 in a choppy sessi
Published 10 Apr, 2009 12:00am
Indian shares gain

Indian shares gain

Indian shares rose 0.57 percent on Thursday in choppy trade as the countrys inflation rate fell to near-zero, raising hopes of more central bank rate cuts to bolster the flagging economy. The benchmark 30-share Sensex index rose 61.52 points to 10,803.86,
Published 10 Apr, 2009 12:00am
Singapore shares up

Singapore shares up

Singapore shares closed 2.5 percent higher on Thursday, mirroring gains in regional markets as investors cheered Japans plans for a new stimulus package, dealers said. The main Straits Times Index rose 44.55 points to 1,828.51. Volume was 1.64 billion sha
Published 10 Apr, 2009 12:00am
European spreads narrow

European spreads narrow

European spreads jumped tighter on Thursday as shares rose on upbeat results from Wells Fargo and after Japan said it would boost long-term lending to companies and Germany offered to take over a stricken bank.
Published 10 Apr, 2009 12:00am
European spreads narrow

European spreads narrow

European spreads jumped tighter on Thursday as shares rose on upbeat results from Wells Fargo and after Japan said it would boost long-term lending to companies and Germany offered to take over a stricken bank.
Published 10 Apr, 2009 12:00am
Asian bond spreads tighten

Asian bond spreads tighten

Asian bond spreads tightened on Thursday as the US governments offer to help some US life insurers reinforces optimism that policymakers remain committed to tackling the worst global economic downturn in decades.
Published 10 Apr, 2009 12:00am
Asian bond spreads tighten

Asian bond spreads tighten

Asian bond spreads tightened on Thursday as the US governments offer to help some US life insurers reinforces optimism that policymakers remain committed to tackling the worst global economic downturn in decades.
Published 10 Apr, 2009 12:00am
Swiss franc dips

Swiss franc dips

The Swiss francs lost ground against the euro early on Thursday, and was slightly firmer against the dollar, lacking a clear focus in thin trading ahead of the Easter break. The franc fell 0.18 percent against the euro compared to the New York close, trad
Published 10 Apr, 2009 12:00am
Dollar, yen slip in London

Dollar, yen slip in London

The dollar and yen slipped against other major currencies on Thursday as European shares eked gains, renewing appetite for so-called riskier assets ahead of the Easter holidays. The euro was supported by a 0.3 percent rise in regional share prices, althou
Published 10 Apr, 2009 12:00am
Sterling dips versus dollar

Sterling dips versus dollar

Sterling dipped against the dollar and was steady against the euro in choppy trade on Thursday ahead of the long Easter weekend, little influenced by a Bank of England decision to leave interest rates unchanged. Earlier in the session, sterling was helped
Published 10 Apr, 2009 12:00am
Interbank costs fall further

Interbank costs fall further

Interbank costs fell further in Europe on Thursday, reflecting continuing easing tensions in global money markets and as risk appetite perked up on optimism of a recovery in US consumer spending. The benchmark three-month London Interbank Offered Rate on
Published 10 Apr, 2009 12:00am
US military to get new electronic record system

US military to get new electronic record system

The US Department of Defence and Department of Veterans Affairs will create the first national electronic medical records system for the military, the White House announced on Thursday. The system should be designed to serve as a national model, following
Published 10 Apr, 2009 12:00am
Indian rupee strengthens

Indian rupee strengthens

The rupee rose to its strongest close in more than a month as the share market extended a winning streak into a sixth session on Thursday, raising expectations of sustained capital inflows that would support the currency.
Published 10 Apr, 2009 12:00am
Kim at first state event since illness

Kim at first state event since illness

North Korean leader Kim Jong-il appeared at his first major event since he was suspected of suffering a stroke last year when parliament re-elected him the countrys supreme military leader on Thursday. The move by the new rubber-stamp Supreme Peoples Asse
Published 10 Apr, 2009 12:00am
Thousands of Moqtada supporters protest against occupation

Thousands of Moqtada supporters protest against occupation

Thousands of supporters of anti-US cleric Moqtada al-Sadr on Thursday protested the occupation of Iraq, six years after the toppling of a Saddam Hussein statue symbolised the fall of his regime. Crowds lined the streets leading to Firdos Square in Baghdad
Published 10 Apr, 2009 12:00am
Thai Prime Minister calls public holiday to cope with protests

Thai Prime Minister calls public holiday to cope with protests

Prime Minister Abhisit Vejjajiva said there would be a public holiday in Thailand on Friday to help the government cope with the effects of political protests that have caused chaos in Bangkok and threaten an Asian summit.
Published 10 Apr, 2009 12:00am
Anti-Sikh riot case: Indian court puts off verdict on politician

Anti-Sikh riot case: Indian court puts off verdict on politician

An Indian court on Thursday postponed until April 28 its verdict on the alleged involvement of a Congress Party politician in anti-Sikh riots of 1984 amid protests by the Sikh community. Congress Party leader Jagdish Tytler is accused of inciting mobs to
Published 10 Apr, 2009 12:00am