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Print - 2009-03-17
Media played role in raising voices of people: Ghurki

Media played role in raising voices of people: Ghurki

Federal Minister for Social Welfare and Special Education, Samina Khalid Ghurki has said that restoration of judges was the victory of people and media played its due role in raising the voice of nation. "Restoration of deposed judges was a timely decisio
Published 17 Mar, 2009 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 17 Mar, 2009 12:00am
Restoration of judges unconditional, says Kaira

Restoration of judges unconditional, says Kaira

Information Minister Qamar Zaman Kaira said that restoration of judges was unconditional and Chief Justice Iftikhar Chaudhry would not take oath afresh. Speaking at a news conference here on Monday, he said the government has not named new chief Justice b
Published 17 Mar, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (March 16, 2009).

Published 17 Mar, 2009 12:00am
Lawyers celebrate restoration of deposed Chief Justice

Lawyers celebrate restoration of deposed Chief Justice

Rehan Malik Advocate and District General Secretary of Pakistan Muslim League (N) along with other workers made Gushan Celebration in connection with the restoration of deposed Chief Justice of Supreme Court of Pakistan along with other deposed Judges.
Published 17 Mar, 2009 12:00am
The Weather

The Weather

The weather report on Monday (March 16, 2009) and the forecast for Tuesday (March 17, 2009).

Published 17 Mar, 2009 12:00am
Businessmen welcome Chief Justice reinstatement decision

Businessmen welcome Chief Justice reinstatement decision

Former President, FPCCI and sitting Chairman of Multan Dry Port Trust, Tanvir Ahmed Sheikh and the President of Multan Chamber of Commerce and Industry (MCCI), Anis Ahmed Sheikh welcomed the decision of restoring deposed Chief Justice, Iftikhar Mohammad C
Published 17 Mar, 2009 12:00am
Restoration of judges widely hailed

Restoration of judges widely hailed

Prime Minister announcement to restore deposed judges including Chief Justice Iftikhar was hailed widely in Sialkot, Daska, Pasrur and Sambrial tehsils of Sialkot district on Monday. The workers of various political parties, lawyers and members of civil s
Published 17 Mar, 2009 12:00am
PML-Q pays tributes to Prime Minister for restoration of deposed judges

PML-Q pays tributes to Prime Minister for restoration of deposed judges

The Pakistan Muslim League-Q NWFP on Monday paid rich tributes to Prime Minister Syed Yousuf Raza Gilani for restoration of the deposed judges including Chief Justice Muhammad Iftikhar Chaudhry and held the decision in the larger interests of the country
Published 17 Mar, 2009 12:00am
Judges restoration defeat of undemocratic forces

Judges restoration defeat of undemocratic forces

Chairman National Party Dr Abdul Hai Baloch said on Monday that restoration of all deposed judges was the victory of all democratic forces and defeat of those who do not want strengthening of democracy and democratic institution in the country. Talking to
Published 17 Mar, 2009 12:00am
Government invites Nawaz to discuss Governors Rule: Jhagra

Government invites Nawaz to discuss Governors Rule: Jhagra

Secretary General, Pakistan Muslim League-N (PML-N), Iqbal Zafar Jhagra, Monday said that after the reinstatement of deposed Chief Justice Iftikhar Mohammed Chaudhry, the government has invited the PML-N chief, Mian Nawaz Sharif to discuss Governors Rule.
Published 17 Mar, 2009 12:00am
Governors rule, disqualification to be resolved soon: Shahbaz

Governors rule, disqualification to be resolved soon: Shahbaz

Pakistan Muslim League-Nawaz (PML-N) President Mian Shahbaz Sharif has said that matters pertaining to governors rule in Punjab and their "disqualification" would be resolved soon. Talking to reporters at Lahore Airport on his return from Islamabad on Mon
Published 17 Mar, 2009 12:00am
Implementation of CoD required to complete the agenda: Durrani

Implementation of CoD required to complete the agenda: Durrani

PML-Q Central Vice President Senator Muhammad Ali Durrani on Monday said the Shahbaz Sharif-led PML-N and PPP coalition government in Punjab should be restored. He asserted that the implementation of the Charter of Democracy (CoD) required completing the
Published 17 Mar, 2009 12:00am
Catholic association hails restoration of Iftikhar

Catholic association hails restoration of Iftikhar

The President of the Catholic Association, Herbert Fernandes, has hailed the restoration of Justice Iftikhar Muhammad Chaudhry as the Chief Justice of the Supreme Court. In a statement here on Monday he lauded the announcement to this effect by Prime Mini
Published 17 Mar, 2009 12:00am
Cheery environment prevails after Chief Justices reinstatement

Cheery environment prevails after Chief Justices reinstatement

As the news about reinstatement of the deposed Chief Justice, Iftikhar Chaudhry was announced, Multan turned into a city of festivity. Hundreds of people came out of their houses to celebrate the acceptance of the demands of civil society and the lawyers
Published 17 Mar, 2009 12:00am
Restoration of deposed judges to ensure supremacy of law

Restoration of deposed judges to ensure supremacy of law

The restoration of deposed Chief Justice Muhammad Iftikhar Chaudhry and other judges of the apex courts would ensure supremacy of law and constitution in the country and held it an historic decision, Senator Adeel said. Talking to APP here, he said that t
Published 17 Mar, 2009 12:00am
Credit of judges restoration goes to PPP: Kasuri

Credit of judges restoration goes to PPP: Kasuri

PPPs central leader and former Advisor to the Prime Minister on Industries and Production Noor Muhammad Kasuri has said that President Asif Ali Zardari through his sagacious decision has restored Chief Justice Iftikhar Chaudhry.
Published 17 Mar, 2009 12:00am
Class IX, X annual exams begin from March 20

Class IX, X annual exams begin from March 20

The Controller of Examinations, Board of Intermediate and Secondary Education Hyderabad has announced that Secondary School Certificate (SSC) (Part-I and II) Class IX and X, Annual Examination 2009 shall be commenced from Friday March 20, 2009 and practic
Published 17 Mar, 2009 12:00am
UK toxicologist visits Sindh University

UK toxicologist visits Sindh University

Professor Ian D Simpson, a Toxicologist from United Kingdom, presently working as an Advisor with Pakistan Medical Research Council and the Sindh Governments Technical Advisor on research project on anti-snake, visited the University of Sindh (SU) and met
Published 17 Mar, 2009 12:00am
Plan to drain out rainy water from Clifton shelved

Plan to drain out rainy water from Clifton shelved

The Rs 255 million project to drain out storm water from Clifton during rainy season into sea through Nehar-e-Khyam has been shelved, official sources told Business Recorder here on Monday. During the last monsoon season the drain, known as Nehar-e
Published 17 Mar, 2009 12:00am
Sindh University conducted aptitude tests for music education

Sindh University conducted aptitude tests for music education

The Centre for Music Education, Institute of Sindhiology University of Sindh on Monday conducted aptitude test for admissions to second batch of 4 months Music education for new session. Total 22 candidate including 6 female candidates participated in apt
Published 17 Mar, 2009 12:00am
Admissions open in LDA school

Admissions open in LDA school

Admissions for classes one to eight in the newly established Lahore Development Authority (LDA) Model School, 347-B Gulshen-e-Ravi, would commence from March 17. According to a LDAs spokesman here on Monday, parents have been asked to contact the school s
Published 17 Mar, 2009 12:00am
Arif Habib Bank posts after tax loss of Rs 191.408 million in 2008

Arif Habib Bank posts after tax loss of Rs 191.408 million in 2008

Arif Habib Bank has registered after tax loss of Rs 191.408 million in the year ended December 31, 2008 as compared to the after tax profit of Rs 230.165 million in the corresponding period in 2007. The board of directors of the bank in its meeting declar
Published 17 Mar, 2009 12:00am
Arif Habib Bank posts after tax loss of Rs 191.408 million in 2008

Arif Habib Bank posts after tax loss of Rs 191.408 million in 2008

Arif Habib Bank has registered after tax loss of Rs 191.408 million in the year ended December 31, 2008 as compared to the after tax profit of Rs 230.165 million in the corresponding period in 2007. The board of directors of the bank in its meeting declar
Published 17 Mar, 2009 12:00am
Steps being taken to stop forest logging

Steps being taken to stop forest logging

The NWFP Minister for Population Welfare, Saleem Khan has said that the provincial government would take steps at provincial and district levels to stop illegal cutting of forests in Chitral and control the smuggling of timber from Chitral to down distric
Published 17 Mar, 2009 12:00am
SAI and Site Town up in arms

SAI and Site Town up in arms

The Site Association of Industry (SAI) and Site Town of City District Government Karachi (CDGK) are up in arms against each other over the issue of trade licences.. The notices being issued by the Town Municipal Officer (TMO), Site Town to industrialists
Published 17 Mar, 2009 12:00am
KPT chief

KPT chief

To resolve grievances and for better co-ordination with the public the Chairperson Karachi Port Trust (KPT), Nasreen Haque, would meet the general public in her office during 9:30 am to 10:30 am on Tuesdays and Saturdays. According to a press release the
Published 17 Mar, 2009 12:00am
Moot on withholding tax regime today

Moot on withholding tax regime today

A seminar on Withholding tax regime- problems and planning aspects will be organised here on March 17. An announcement to this effect was made by the Institute of Cost and Management Accountants of Pakistan (ICMAP) here on Monday.
Published 17 Mar, 2009 12:00am
82 Pepco officers promoted to BPS-19

82 Pepco officers promoted to BPS-19

Pakistan Electric Power Company (Pepco) Promotion and Time Scale Upgradation Boards, in their meetings, have approved promotion of the 82 Senior Engineers, Deputy Directors, Deputy Commercial Managers and Regional Store Manager to the rank of Superintendi
Published 17 Mar, 2009 12:00am
Polio eradication campaign from 18 March

Polio eradication campaign from 18 March

The polio eradication campaign in Islamabad which was earlier scheduled to be held from 16th to 18th March, has been postponed and will now be held from 18th to 20th March. In this regard all arrangements have been completed. Dr Saeed Ahmed, Sr. Director
Published 17 Mar, 2009 12:00am
Conference on mental health begins today

Conference on mental health begins today

Dr Ajmal Psychological Society of Psychology Department of Government College University Lahore will organise International Conference on Culture and Mental Health from March 17th to March 21st at Government College University Lahore. According to the spo
Published 17 Mar, 2009 12:00am
IGI Investment bank, NJI Life sign agreement

IGI Investment bank, NJI Life sign agreement

IGI Investment Bank, a part of the IGI Financial Services Group, and New Jubilee Life Insurance Company (NJI Life) marked the beginning of a long lasting relationship by signing an agreement. A statement here on Monday said the signing ceremony was held a
Published 17 Mar, 2009 12:00am
Mobilink encourages others to follow its lead in m-commerce

Mobilink encourages others to follow its lead in m-commerce

Having pioneered m-commerce in Pakistan, Mobilink shared its learning at the 2nd International Conference on Mobile Banking to encourage other players in the banking and telecom to follow its lead. Addressing the gathering Aniqa Afzal Sandhu, Head of M-Co
Published 17 Mar, 2009 12:00am
Imran says missing persons case, NRO to be taken up by Supreme Court

Imran says missing persons case, NRO to be taken up by Supreme Court

Chairman Pakistan Tehrik-e-Insaf (PTI) has reiterated his resolve to take missing people cases along with National Reconciliation Ordinance (NRO) to the Supreme Court to get missing people recovered and bring the looted wealth back to the country.
Published 17 Mar, 2009 12:00am
Four women among 36 NPF guards posted at KFHA

Four women among 36 NPF guards posted at KFHA

The first batch of 36 persons including four women guards of National Police Foundation (NPF) on Monday took charge of security at Karachi Fish Harbour Authority (KFHA) while the deployment of remaining 38 will be made till July 1, 2009, sources told B
Published 17 Mar, 2009 12:00am
Kidnappers set new US hostage deadline

Kidnappers set new US hostage deadline

A group claiming to be holding an American UN official in Pakistan Monday threatened to kill him in 48 hours if the government does not free more than 1,100 prisoners, a report said. A spokesman for the Balochistan Liberation United Front (BLUF) called th
Published 17 Mar, 2009 12:00am
DCO directs officers to resolve problems of people

DCO directs officers to resolve problems of people

The D.C.O. Tando Muhammad Khan Dr Muhammad Farooque Leghari has directed the officers concerned to resolve the problems of general public and ensure better working relationship among different government departments. This he said while addressing a meetin
Published 17 Mar, 2009 12:00am
PPP CEC meets on Thursday

PPP CEC meets on Thursday

Central Executive Committee (CEC) of the PPP will meet on Thursday at President House to take stock of the political situation in the country, said the party spokesperson Farhatullah Babar. In its first meeting after the government reinstated the deposed
Published 17 Mar, 2009 12:00am
PSIC and GCU sign pact for flower research

PSIC and GCU sign pact for flower research

An agreement has been singed between Punjab Small Industries Corporation (PSIC) and Government College University (GCU) for research on flowers. Director (Admn) PSIC Babar Nawaz and Chairman Botany, GCU Dr Zaheer-ud-din Khan signed the agreement.
Published 17 Mar, 2009 12:00am
PPP-led government fulfilling promises to nation: Alamgir

PPP-led government fulfilling promises to nation: Alamgir

Federal Minister for Communications Dr Arbab Alamgir Khan Khalil has said that Pakistan Peoples Party-led government is fulfilling all its promises made to the nation one by one. "The reinstatement of Chief Justice Iftikhar Muhammad Chaudhry is the manife
Published 17 Mar, 2009 12:00am
Restoration of justices widely hailed

Restoration of justices widely hailed

General, Hameed Gul (Retd) has termed restoration of the deposed judges as a triumph of the lawyers movement and the people. Talking to the journalists here outside the residence of Chief Justice of Supreme Court Iftikhar Muhammad Chaudhry, Gul said that
Published 17 Mar, 2009 12:00am
Textile industry: trade diplomacy to be given priority for market access

Textile industry: trade diplomacy to be given priority for market access

Suleman Ghani, Federal Secretary, Ministry of Commerce has said that the top priority will be given to trade diplomacy to attain best possible market access for Pakistans textile industry. Ministry of Commerce would help the textile industry in defending
Published 17 Mar, 2009 12:00am
Making a new beginning

Making a new beginning

A dangerous confrontation pregnant with serious implications for democratic process and national unity has been defused. It may not be the ideal solution but under the circumstances it was the best possible.
Published 17 Mar, 2009 12:00am
Rethink this decision

Rethink this decision

When Minister for Privatisation Syed Naveed Qamar briefly held the additional portfolio of finance, he had given a new hope to the textile exporters, promising to continue 6 percent R&D support for the textile sector beyond the June 30, 2008, deadline the
Published 17 Mar, 2009 12:00am
Helping import of used machinery

Helping import of used machinery

In a timely move the State Bank of Pakistan has announced its decision to extend Long Term Financing Facility (LTFF), already available to buyers of new imported as well as locally manufactured plants and machinery, to importers of used machinery. Busines
Published 17 Mar, 2009 12:00am
Seeking an end to the global double standard

Seeking an end to the global double standard

The international community employs a double standard in its reaction to Israeli extremism. While the democratically elected Hamas government in Palestine is shunned for its refusal to live up to one set of standards, extremists in the Israeli government
Published 17 Mar, 2009 12:00am
50 jobs in 50 weeks: US mans economic odyssey

50 jobs in 50 weeks: US mans economic odyssey

His goal was to get a job and his tactic was a road trip through all 50 US states in 50 weeks that landed the unemployed economics major with, yes, 50 jobs. The work ranged from rodeos to archaeology and even a stint keeping job-seekers of the illegal sor
Published 17 Mar, 2009 12:00am
Egyptian free expression resolution causes UN stir

Egyptian free expression resolution causes UN stir

A confrontation over freedom of expression is brewing in the UN Human Rights Council after Egypt began circulating a draft resolution that Western countries and human-rights groups fear could circumscribe free speech.
Published 17 Mar, 2009 12:00am
Ignorance of youth towards elections

Ignorance of youth towards elections

Elections are the important elements that contribute to any country. Since elections reflect nations choice regarding the leader, and particularly the youth; so the system of elections must promote the involvement of young generation. But unfortunately in
Published 17 Mar, 2009 12:00am
Soft drinks impact on health

Soft drinks impact on health

Soft drinks are non-alcoholic water-based flavoured drinks that are optionally sweetened, acidulated, carbonated and which may contain fruit, fruit juice and/or salts. Globally, carbonated soft drinks are third most consumed beverages.
Published 17 Mar, 2009 12:00am
Shutting eyes to realities

Shutting eyes to realities

While addressing public meetings at various places across the country PML(N) leader and former Prime Minister Mian Nawaz Sharif made rather tall claims and at the same time keeping his eyes shut to the ground realities.
Published 17 Mar, 2009 12:00am
0.4 million kids to be immunised against polio

0.4 million kids to be immunised against polio

Mobile teams of the Health Department would immunise 0.45 million children of five years of age and below against polio, said DCO Qazi Muhammad Ashfaq here on Monday. Launching the three-day drive at the DHQ hospital, he said that 1,115 teams would admini
Published 17 Mar, 2009 12:00am
Pakistan still on the top of polio endemic countries: Unicef

Pakistan still on the top of polio endemic countries: Unicef

Dr Muhammad Rafiq Program Specialist, Unicef has said that Pakistan was still on the top of the list of polio endemic countries and there was need of collective efforts and political commitment to halt circulation of poliovirus in the society. He was addr
Published 17 Mar, 2009 12:00am
Indian army rejects to join probe on two Kashmiris killing

Indian army rejects to join probe on two Kashmiris killing

Indian army in occupied Kashmir has refused to participate in the inquiry being conducted by the civil administration into the killing of two innocent civilians at Bomai in Sopore on February 21, saying such a probe was not valid.
Published 17 Mar, 2009 12:00am
Historic sites to be renovated soon: minister

Historic sites to be renovated soon: minister

The NWFP Minister for Sports, Culture and Archives Syed Aqil Shah has constituted a committee to develop and renovate the Gorgatrhi Complex, making it an attractive tourist spot for the visitors. Secretary Sports, Culture and Archive Sahibzada Fazal Amin
Published 17 Mar, 2009 12:00am
PBM offers conditional cash transfers for poor families

PBM offers conditional cash transfers for poor families

The Child Support Programme of Pakistan Bait-ul-Mal (PBM) is offering Conditional Cash Transfers for the ultra poor families for sending their children to school in the age bracket of 5 to 12 years old. PBM is piloting the Conditional Cash Transfer in thr
Published 17 Mar, 2009 12:00am
Shutdown threat in Bomai Sopore revived

Shutdown threat in Bomai Sopore revived

The residents of Bomai Sopore in occupied Kashmir have threatened to enforce a complete shutdown from March 19 against the criminal silence of authorities over the killings of two innocent youth by Indian troops at Bomai on February 21.
Published 17 Mar, 2009 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

US gold futures dropped Monday as economic optimism and concerns about further consolidation in the yellow metal prompted bullion investors to lock in recent profits. Gold for April delivery was down $5.70 at $924.40 an ounce at 10:28 am EDT (1428 GMT) on
Published 17 Mar, 2009 12:00am
87,259 cusecs water released from reservoirs

87,259 cusecs water released from reservoirs

Indus River System Authority (Irsa) on Monday released 87,259 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs recorded was 76,779 cusecs. Water level at Tarbela dam recorded was at 1374.47 feet. T
Published 17 Mar, 2009 12:00am
US MIDDAY: soybeans up

US MIDDAY: soybeans up

Chicago Board of Trade soyabean futures opened higher Monday as the spread between soya and corn prices corrected following a rally in the corn market on Friday, traders said. Soyabeans soared 23-1/2 cents to $9 a bushel early Monday, traders said. At 9:3
Published 17 Mar, 2009 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

Copper prices rose nearly 5 percent on Monday to a four-month high, spurred by another fall in inventories and by a rally in equity markets. At 1558 GMT, copper for three-month delivery on the London Metal Exchange hit a high of $3,841 but was last tradin
Published 17 Mar, 2009 12:00am
US MIDDAY: wheat rises

US MIDDAY: wheat rises

Chicago Board of Trade wheat futures rose early on Monday on fears of dry weather in the US Plains damaging the emerging winter wheat crop, traders said. At 9:42 am CDT (1442 GMT), CBOT May wheat was up 13-1/2 cents at $5.31-3/4 a bushel.
Published 17 Mar, 2009 12:00am
US MIDDAY: cocoa and coffee surge

US MIDDAY: cocoa and coffee surge

US cocoa and arabica coffee futures moved higher in early trade Monday, with a boost from the weak dollar and chart-based support, traders said. Arabica coffee for May delivery up 0.30 cent at $1.1045 per lb, by 9:19 am EDT (1319 GMT). Session range from
Published 17 Mar, 2009 12:00am
US MIDDAY: sugar edges up

US MIDDAY: sugar edges up

Raw sugar futures on ICE Futures US at 1150 GMT. May raw sugar contract rose 0.04 cent to 12.92 cents per lb. Range from 12.76 to 12.94 cents. Volume at 2,487 lots.
Published 17 Mar, 2009 12:00am
Gold slips in London

Gold slips in London

Gold slipped more than 1 percent on Monday after US equities opened higher, diminishing the precious metals appeal as a haven from risky investments. Spot gold fell to a low of $914.70 in early afternoon trading and was quoted at $920.80/922.80 an ounce a
Published 17 Mar, 2009 12:00am
Sugar prices rise in London

Sugar prices rise in London

Sugar futures edged higher on Monday, rebounding from early losses, buoyed by a weaker dollar and underpinned by constructive fundamentals. Cocoa futures on ICE were also higher, building on last weeks gains, while coffee showed mixed trends with Vietname
Published 17 Mar, 2009 12:00am
Oil rises as Wall Street rally outweighs Opec

Oil rises as Wall Street rally outweighs Opec

Oil rose over $1 per barrel on Monday as Wall Street and global stock market rallies outweighed Opecs decision not to cut production further. US stocks on Monday extended their recovery after major British Banks joined their US counterparts in hailing a s
Published 17 Mar, 2009 12:00am
Copper climbs

Copper climbs

Copper rose nearly 3 percent on Monday, spurred by another fall in inventories and by a rally in stock markets. At 1401 GMT, copper for three-month delivery on the London Metal Exchange (LME) rose to $3,761 a tonne from $3,746 a tonne on Friday. Copper in
Published 17 Mar, 2009 12:00am
New York cotton futures settle higher

New York cotton futures settle higher

Cotton futures settled higher on Monday on modest investor buying inspired by a firmer stock market as the trade awaited the release of a key crop report at months end, brokers said. The key May cotton contract gained 0.22 cent to end at 43.05 cents per l
Published 17 Mar, 2009 12:00am
FTSE rises to 2.9 percent

FTSE rises to 2.9 percent

Britains leading share index ended 2.9 percent higher on Monday, registering a sixth successive gain in seven sessions fuelled by strength in banks and oil majors, and with US blue chips up strongly. At the close, the FTSE 100 was up 110.31 points at 3,86
Published 17 Mar, 2009 12:00am
European bond: finance sector hopes helps tighten CDS spreads

European bond: finance sector hopes helps tighten CDS spreads

European credit default swap spreads tightened on Monday alongside an extended run of strong gains in equities, partly in response to optimism that the financial sector might be stabilising. By 1625 GMT, the investment-grade Markit iTraxx Europe index was
Published 17 Mar, 2009 12:00am
European bond: finance sector hopes helps tighten CDS spreads

European bond: finance sector hopes helps tighten CDS spreads

European credit default swap spreads tightened on Monday alongside an extended run of strong gains in equities, partly in response to optimism that the financial sector might be stabilising. By 1625 GMT, the investment-grade Markit iTraxx Europe index was
Published 17 Mar, 2009 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asian bond spreads narrowed on Monday, spurred by easing investor fears over the health of US banks and optimism that the worlds biggest economy would recover in 2010, boosting the regions exports. "This is a reflection of the improving general investor s
Published 17 Mar, 2009 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asian bond spreads narrowed on Monday, spurred by easing investor fears over the health of US banks and optimism that the worlds biggest economy would recover in 2010, boosting the regions exports. "This is a reflection of the improving general investor s
Published 17 Mar, 2009 12:00am
Indian shares gain 2.13 percent

Indian shares gain 2.13 percent

Indian shares rose 2.13 percent on Monday on fresh buying as European markets and US index futures firmed on prospects for an end to the grinding bear market, dealers said. The benchmark 30-share Sensex index rose 186.93 points to 8,943.54, its third stra
Published 17 Mar, 2009 12:00am
Euro vaults $1.30 in London

Euro vaults $1.30 in London

The euro hit its highest in over a month versus a broadly weaker dollar on Monday, with five consecutive days of rallying share prices reflecting less investor caution towards risk.
Published 17 Mar, 2009 12:00am
Sterling rises

Sterling rises

Sterling rose on Monday, as gains in share prices and news that British bank Barclays may sell a fund management unit to beef up its capital boosted appetite for the UK currency. The dollar fell broadly as rising global equity prices prompted investors to
Published 17 Mar, 2009 12:00am
US practised torture: Red Cross

US practised torture: Red Cross

A secret Red Cross report from 2007 concluded that the treatment of al Qaeda captives by CIA interrogators "constituted torture," the Washington Post reported Monday. The newspaper quotes the International Committee of the Red Cross report as saying the t
Published 17 Mar, 2009 12:00am
Fritzl pleads guilty to house of horror rapes

Fritzl pleads guilty to house of horror rapes

Josef Fritzl used his daughter as a "toy", an Austrian court heard Monday after the 73-year-old admitted imprisoning her in an underground bunker for 24 years and forcing her to bear seven children. But the Austrian engineer, who set up a house of horror
Published 17 Mar, 2009 12:00am
OECD puts 46 countries, territories on tax list

OECD puts 46 countries, territories on tax list

The OECD has branded 46 countries and territories for "insufficient progress" in meeting standards on tax co-operation and banking secrecy, a Swiss newspaper reported Monday.
Published 17 Mar, 2009 12:00am
El Salvador former rebels win power through ballot box

El Salvador former rebels win power through ballot box

Salvadorean President-elect Mauricio Funes said he wants strong relations with Washington after his party of ex-Marxist guerrillas ousted their right-wing civil war foes in a tight election victory. A former TV journalist, Funes peaceful background helped
Published 17 Mar, 2009 12:00am
Saudi Arabia asks Iran to stay out of internal Arab disputes

Saudi Arabia asks Iran to stay out of internal Arab disputes

Saudi Arabias top diplomat has urged Iran to stay out of internal Arab disputes, in particular in Lebanon and among the Palestinians. Irans foreign minister made a surprise visit to Saudi Arabia amid rising tensions between the Islamic Republic and the Ar
Published 17 Mar, 2009 12:00am
Finnish computer expert fits finger prosthesis with USB

Finnish computer expert fits finger prosthesis with USB

Finnish computer expert Jerry Javala has generated interest around the internet after word spread of how he had his finger prosthesis fitted with a USB flash drive. Javala lost part of his left ring finger in a motorcycle accident in 2008 and his doctor,
Published 17 Mar, 2009 12:00am
Khatami pulls out from presidential race

Khatami pulls out from presidential race

Moderate former president Mohammad Khatami withdrew from Irans presidential election on Monday, allies said, a move analysts say may boost President Mahmoud Ahmadinejads re-election chances. "He has decided to withdraw ... but he will back another moderat
Published 17 Mar, 2009 12:00am
Palestinian groups agree to hold elections by January

Palestinian groups agree to hold elections by January

Rival Palestinian groups agreed on Sunday to hold presidential and legislative elections by January 2010 but remained deadlocked over the key issue of forming a unity government that would prepare for the polls. Diplomats and analysts see the success of t
Published 17 Mar, 2009 12:00am
US newspapers need to reinvent themselves

US newspapers need to reinvent themselves

US newspapers are in a state "perilously close to free fall" and time is running short for them to find a business model and reinvent themselves, according to a study released on Monday. The Pew Research Centers Project for Excellence in Journalism said i
Published 17 Mar, 2009 12:00am
6.9 million North Koreas lack food aid: UN expert

6.9 million North Koreas lack food aid: UN expert

Some 6.9 million North Koreans have not received the food aid they desperately need, a report presented Monday to the UN said. The report also urged "pro-active" global action against human rights abuses in the communist country.
Published 17 Mar, 2009 12:00am
Lebanon opens embassy in Damascus for the first time

Lebanon opens embassy in Damascus for the first time

Lebanon on Monday opened an embassy in neighbouring Syria for the first time ever in a step toward normalising relations. The move comes after the two countries agreed earlier this year to establish diplomatic ties for the first time since both gained ind
Published 17 Mar, 2009 12:00am
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