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Print - 2009-03-30
Finlands state pension fund ready to boost stocks

Finlands state pension fund ready to boost stocks

Finlands state pension fund is ready to lift its underweight equity allocations and buy more corporate bonds when the global economic outlook steadies after doubling its credit exposure since mid-2008, an official says.
Published 30 Mar, 2009 12:00am
Japan opposition defeated in key election: media

Japan opposition defeated in key election: media

The candidate for Japans opposition party on Sunday appeared headed for defeat in a key local poll, dealing a fresh blow to the partys scandal-hit leader ahead of general elections, local media said.
Published 30 Mar, 2009 12:00am
Court says Afghan leader must stay on until vote

Court says Afghan leader must stay on until vote

Afghanistans Supreme Court has ruled that President Hamid Karzai should stay in power beyond the constitutional end of his term in May and until the next election, state television said late Sunday. The decision ends weeks of uncertainty about a potential
Published 30 Mar, 2009 12:00am
Montenegro votes with eye on economic crisis

Montenegro votes with eye on economic crisis

Montenegrins voted Sunday in snap general elections, with veteran Prime Minister Milo Djukanovic vowing to guide the country through an economic crisis and to closer ties with the EU and Nato.
Published 30 Mar, 2009 12:00am
Arrest of anti-al Qaeda chief triggers Baghdad clashes

Arrest of anti-al Qaeda chief triggers Baghdad clashes

Iraqi forces clashed with anti-al Qaeda militants in Baghdad for a second straight day on Sunday, as American troops backing them ordered fighters to hand over their weapons or face reprisals. Automatic weapons fire crackled intermittently in the central
Published 30 Mar, 2009 12:00am
Israel slaps stricter conditions on Hamas prisoners

Israel slaps stricter conditions on Hamas prisoners

Israel has begun to impose stricter conditions on Hamas prisoners in its jails, the head of the prisons authority told the government on Sunday. Prison officials "have begun applying some of the findings of a commission" established to study how Israel co
Published 30 Mar, 2009 12:00am
Levee breaches expected in North Dakota floods

Levee breaches expected in North Dakota floods

Snow storms closing in on North Dakota threatened more misery for residents sheltered behind miles of levees Sunday, as officials warned that strained defences will likely fail under the pressure of record flood waters.
Published 30 Mar, 2009 12:00am
Violence mars Turkish vote, AK Party to win mandate

Violence mars Turkish vote, AK Party to win mandate

At least five people were killed on Sunday as Turks voted in local elections likely to give the ruling AK Party a new mandate to press on with key reforms in the European Union candidate country.
Published 30 Mar, 2009 12:00am
Police station in north-west China attacked

Police station in north-west China attacked

Two Chinese police officers were injured when a police station was attacked Sunday in the countrys north-west near Tibetan-populated areas, state media reported. The incident, reported by Xinhua news agency, comes amid a heavy security crackdown in Tibet
Published 30 Mar, 2009 12:00am
Britain has first failed gilt auction since 2002

Britain has first failed gilt auction since 2002

Britain suffered its first failed government bond auction since 2002 on Wednesday after bids fell more than 100 million pounds short of the 1.75 billion pounds ($2.55 billion) the government was trying to raise.
Published 30 Mar, 2009 12:00am
Britain has first failed gilt auction since 2002

Britain has first failed gilt auction since 2002

Britain suffered its first failed government bond auction since 2002 on Wednesday after bids fell more than 100 million pounds short of the 1.75 billion pounds ($2.55 billion) the government was trying to raise.
Published 30 Mar, 2009 12:00am
Egypts Citadel sees more deals in Africa and Iraq

Egypts Citadel sees more deals in Africa and Iraq

Cairo-based private equity firm Citadel Capital said on Friday it sees opportunities to invest in Iraqs oil and gas sector and in the mining, agriculture and retail sectors in select areas of Africa. Ahmed Heikal, chairman of the firm he co-founded in 200
Published 30 Mar, 2009 12:00am
Finlands state pension fund ready to boost stocks

Finlands state pension fund ready to boost stocks

Finlands state pension fund is ready to lift its underweight equity allocations and buy more corporate bonds when the global economic outlook steadies after doubling its credit exposure since mid-2008, an official says.
Published 30 Mar, 2009 12:00am
Severfield sees further fall in 2009 margins

Severfield sees further fall in 2009 margins

British structural steel company Severfield Rowen Plc expects its margins to reduce by another couple of percentage points in 2009 mainly due to a fall in demand in the UK, its Chief Executive said. "Analysts have predicted that in 2009 margins will reduc
Published 30 Mar, 2009 12:00am
Severfield sees further fall in 2009 margins

Severfield sees further fall in 2009 margins

British structural steel company Severfield Rowen Plc expects its margins to reduce by another couple of percentage points in 2009 mainly due to a fall in demand in the UK, its Chief Executive said. "Analysts have predicted that in 2009 margins will reduc
Published 30 Mar, 2009 12:00am
Britain to announce new Gurkha rights policy: minister

Britain to announce new Gurkha rights policy: minister

The British government has agreed to announce a new policy on the right of Gurkhas to settle in the country within a month, after being forced to review the issue by protesting veterans, a spokesman said Thursday.
Published 30 Mar, 2009 12:00am
Demand for chemical assets could recover soon

Demand for chemical assets could recover soon

Demand for chemical companies could recover soon as Asian and Middle Eastern companies take aim at targets in the industrialised world, a chemical industry consultant at Pricewater-houseCoopers (PwC) said.
Published 30 Mar, 2009 12:00am
Excessive executive pay is risk: European union chief

Excessive executive pay is risk: European union chief

European governments should introduce curbs on management rewards or run the risk of mounting public anger that could threaten social cohesion, the head of Europes umbrella body for trade unions said on Friday.
Published 30 Mar, 2009 12:00am
Mexico Cemex may run out of cash by summer

Mexico Cemex may run out of cash by summer

Mexican cement maker Cemex, dealing with massive debt and the weak US economy, could run out of cash by summer if it fails to renegotiate millions of dollars in maturing debt, analysts warned. "We are renegotiating and when we have something we will let y
Published 30 Mar, 2009 12:00am
OneClickHR set to announce new deals

OneClickHR set to announce new deals

Human resources software provider OneClickHR is close to announcing deals with up to seven bluechip clients for its software HR.net, Chief Executive Frank Beechinor told Reuters on Friday.
Published 30 Mar, 2009 12:00am
Egypts Citadel sees more deals in Africa and Iraq

Egypts Citadel sees more deals in Africa and Iraq

Cairo-based private equity firm Citadel Capital said on Friday it sees opportunities to invest in Iraqs oil and gas sector and in the mining, agriculture and retail sectors in select areas of Africa. Ahmed Heikal, chairman of the firm he co-founded in 200
Published 30 Mar, 2009 12:00am
$9.639 million withdrawn from equity market

$9.639 million withdrawn from equity market

The outflow of foreign portfolio investment continued and the offshore investors withdrew $9.639 million from the countrys equity market during the week ended on March 28, 2009. According to National Clearing Company of Pakistan Limited (NCCPL) data, the
Published 30 Mar, 2009 12:00am
MONEY WEEK: government retires debt worth Rs 28 billion

MONEY WEEK: government retires debt worth Rs 28 billion

According to latest update on monetary accounts made available by the State Bank on March 26, government retired Rs28 billion worth of debt to the State Bank during March 7 and March 14. During the same week, government borrowing from scheduled banks for
Published 30 Mar, 2009 12:00am
MONEY WEEK: government retires debt worth Rs 28 billion

MONEY WEEK: government retires debt worth Rs 28 billion

According to latest update on monetary accounts made available by the State Bank on March 26, government retired Rs28 billion worth of debt to the State Bank during March 7 and March 14. During the same week, government borrowing from scheduled banks for
Published 30 Mar, 2009 12:00am
Israeli drones attacked Iranian convoys in Sudan

Israeli drones attacked Iranian convoys in Sudan

Israel used unmanned drones to attack clandestine Iranian convoys in Sudan that were attempting to smuggle rockets into Gaza, Britains Sunday Times newspaper reported. The paper said that western diplomats confirmed that Israel attacked the Iranian truck
Published 30 Mar, 2009 12:00am
MONEY WEEK: government retires debt worth Rs 28 billion

MONEY WEEK: government retires debt worth Rs 28 billion

According to latest update on monetary accounts made available by the State Bank on March 26, government retired Rs28 billion worth of debt to the State Bank during March 7 and March 14. During the same week, government borrowing from scheduled banks for
Published 30 Mar, 2009 12:00am
India test fires cruise missile

India test fires cruise missile

Indias military on Sunday successfully tested a surface-to-surface version of the BrahMos cruise missile which it has developed jointly with Russia, a defence ministry spokesman said. The missile was fired from the Pokhran range in the western desert stat
Published 30 Mar, 2009 12:00am
The Weather

The Weather

The weather report on Sunday (March 29, 2009) and the forecast for Monday (March 30, 2009).

Published 30 Mar, 2009 12:00am
India test fires cruise missile

India test fires cruise missile

Indias military on Sunday successfully tested a surface-to-surface version of the BrahMos cruise missile which it has developed jointly with Russia, a defence ministry spokesman said. The missile was fired from the Pokhran range in the western desert stat
Published 30 Mar, 2009 12:00am
Europe and Russia in Mars mission rehearsal

Europe and Russia in Mars mission rehearsal

Six volunteers from Europe and Russia will on Tuesday allow themselves to be locked up in a capsule in Moscow for over three months to simulate the conditions for an eventual manned mission to Mars.
Published 30 Mar, 2009 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 24 to 28 2009).

Published 30 Mar, 2009 12:00am
Cuba holds first US art exhibit in 50 years

Cuba holds first US art exhibit in 50 years

For the first time since Cubas 1959 communist revolution, US artists have launched a show in the countrys capital aimed at bridging a gap separating Cuba from the United States. The exhibition that opened Saturday under the title "Chelsea visits Havana" -
Published 30 Mar, 2009 12:00am
Bullish sentiment observed on LSE

Bullish sentiment observed on LSE

Bullish sentiments persisted on the Lahore Stock Exchange (LSE) and the equities registered gains across the board amid steady transaction volume following institutional and retail investors interest in dividend oriented shares due to encouraging financia
Published 30 Mar, 2009 12:00am
Bullish sentiment observed on LSE

Bullish sentiment observed on LSE

Bullish sentiments persisted on the Lahore Stock Exchange (LSE) and the equities registered gains across the board amid steady transaction volume following institutional and retail investors interest in dividend oriented shares due to encouraging financia
Published 30 Mar, 2009 12:00am
Banks NPLs up by Rs 107 billion in 2008

Banks NPLs up by Rs 107 billion in 2008

The non-performing loans (NPLs) of the banks surged by Rs 107 billion during the calendar year 2008 because of higher interest rates, economic slowdown, high cost of production, and power breakout, sources in State Bank of Pakistan told Business Record
Published 30 Mar, 2009 12:00am
Banks NPLs up by Rs 107 billion in 2008

Banks NPLs up by Rs 107 billion in 2008

The non-performing loans (NPLs) of the banks surged by Rs 107 billion during the calendar year 2008 because of higher interest rates, economic slowdown, high cost of production, and power breakout, sources in State Bank of Pakistan told Business Record
Published 30 Mar, 2009 12:00am
Banks NPLs up by Rs 107 billion in 2008

Banks NPLs up by Rs 107 billion in 2008

The non-performing loans (NPLs) of the banks surged by Rs 107 billion during the calendar year 2008 because of higher interest rates, economic slowdown, high cost of production, and power breakout, sources in State Bank of Pakistan told Business Record
Published 30 Mar, 2009 12:00am
Uch field lease extension to be referred to Cabinet

Uch field lease extension to be referred to Cabinet

The Economic Co-ordination Committee (ECC) of the Cabinet is reported to have expressed unwillingness to approve extension in the lease agreement of Uch gas field for additional ten years on its own, and advised the Ministry of Petroleum and Natural Resou
Published 30 Mar, 2009 12:00am
Uch field lease extension to be referred to Cabinet

Uch field lease extension to be referred to Cabinet

The Economic Co-ordination Committee (ECC) of the Cabinet is reported to have expressed unwillingness to approve extension in the lease agreement of Uch gas field for additional ten years on its own, and advised the Ministry of Petroleum and Natural Resou
Published 30 Mar, 2009 12:00am
Uch field lease extension to be referred to Cabinet

Uch field lease extension to be referred to Cabinet

The Economic Co-ordination Committee (ECC) of the Cabinet is reported to have expressed unwillingness to approve extension in the lease agreement of Uch gas field for additional ten years on its own, and advised the Ministry of Petroleum and Natural Resou
Published 30 Mar, 2009 12:00am
Google to expand TV ad service to online video

Google to expand TV ad service to online video

Internet giant Google is testing a new service that would expand its television-ad brokering business to YouTube and video on other websites, The Wall Street Journal reported on Friday.
Published 30 Mar, 2009 12:00am
Advance income tax to be collected from local authorities

Advance income tax to be collected from local authorities

The Federal Board of Revenue (FBR) would collect "advance income tax" from the local authorities for the Tax Year-2009 under Income Tax Ordinance 2001. In this regard, the FBR has issued instructions to all Directors-General of Large Taxpayer Units (LTUs)
Published 30 Mar, 2009 12:00am
Hitler art to go on sale in Britain

Hitler art to go on sale in Britain

Landscape paintings by Adolf Hitler are to be sold by an auction house in Britain next month, it said Wednesday. The 13 paintings are mainly watercolours. One of a man sitting on a stone bridge appears to be a self-portrait. Many of the works, painted by
Published 30 Mar, 2009 12:00am
Advance income tax to be collected from local authorities

Advance income tax to be collected from local authorities

The Federal Board of Revenue (FBR) would collect "advance income tax" from the local authorities for the Tax Year-2009 under Income Tax Ordinance 2001. In this regard, the FBR has issued instructions to all Directors-General of Large Taxpayer Units (LTUs)
Published 30 Mar, 2009 12:00am
Global chill brings economics in from the cold

Global chill brings economics in from the cold

The global financial crisis has done wonders for the dismal science of economics. From Anchorage to Ankara the spooky talk about global warming has given way to debate on toxic debt and stimulus packages, job security and interest rates.
Published 30 Mar, 2009 12:00am
Advance income tax to be collected from local authorities

Advance income tax to be collected from local authorities

The Federal Board of Revenue (FBR) would collect "advance income tax" from the local authorities for the Tax Year-2009 under Income Tax Ordinance 2001. In this regard, the FBR has issued instructions to all Directors-General of Large Taxpayer Units (LTUs)
Published 30 Mar, 2009 12:00am
Indias heavy borrowing could pressurise rates

Indias heavy borrowing could pressurise rates

India could overshoot its annual borrowing target in the 2009/10 fiscal year if more fiscal stimulus is rolled out to revive a slowing economy, and this will put pressure on interest rates, senior officials said on Friday.
Published 30 Mar, 2009 12:00am
Overseas Pakistanis asked to contribute to countrys development

Overseas Pakistanis asked to contribute to countrys development

AJK President Raja Zulqarnain Khan has called upon the overseas Pakistanis, including those hailing from AJK to perform their due role for the speedy socio-economic progress of the country. He was addressing the launching ceremony of free ambulance servic
Published 30 Mar, 2009 12:00am
Dubai finance chief pinpoints $10 billion aid

Dubai finance chief pinpoints $10 billion aid

For the man tasked with shoring up Dubais finances, it feels like driving a car in a sand storm: Its slow going, and all you want to do is avoid a crash. "We can only see 10 to 15 meters ahead," said the emirates finance chief Nasser al-Shaikh. "We have a
Published 30 Mar, 2009 12:00am
57 percent rise in investment under CFS

57 percent rise in investment under CFS

Investment under Continuous Funding System (CFS) at Karachi share market on Friday increased by encouraging Rs 582 million, or 57 percent to reach Rs 1.60 billion as compared to previous weeks Rs 1.01 billion. The CFS rate increased 2.9 percent on weekly
Published 30 Mar, 2009 12:00am
Bosnia to apply for EU membership in November or December

Bosnia to apply for EU membership in November or December

Bosnia hopes to become a candidate for European Union membership in November or December despite outside concern the Balkan country is not politically or economically ready, the foreign minister said on Thursday.
Published 30 Mar, 2009 12:00am
57 percent rise in investment under CFS

57 percent rise in investment under CFS

Investment under Continuous Funding System (CFS) at Karachi share market on Friday increased by encouraging Rs 582 million, or 57 percent to reach Rs 1.60 billion as compared to previous weeks Rs 1.01 billion. The CFS rate increased 2.9 percent on weekly
Published 30 Mar, 2009 12:00am
Germanys MAN sells industrial services firm to Abu Dhabi

Germanys MAN sells industrial services firm to Abu Dhabi

German industrial group MAN said Wednesday it had closed the sale of a majority stake in its Ferrostaal services unit to Abu Dhabi state-owned group IPIC for 490 million euros (660 million dollars).
Published 30 Mar, 2009 12:00am
Sultan welcomes decision on ending governors rule

Sultan welcomes decision on ending governors rule

Former Azad Kashmir Prime Minister Azad Kashmir Barrister Sultan Mahmood Chaudhry has welcomed the announcement of President Asif Ali Zardari to recommend the lifting of governors rule in Punjab and said the decision will help to promote democracy and str
Published 30 Mar, 2009 12:00am
US recession to last into 2010: Feldstein

US recession to last into 2010: Feldstein

The recession in the United States will stretch well into next year, probably raising the need for another fiscal stimulus package at least as large as the first one, prominent economist Martin Feldstein said on Tuesday.
Published 30 Mar, 2009 12:00am
57 percent rise in investment under CFS

57 percent rise in investment under CFS

Investment under Continuous Funding System (CFS) at Karachi share market on Friday increased by encouraging Rs 582 million, or 57 percent to reach Rs 1.60 billion as compared to previous weeks Rs 1.01 billion. The CFS rate increased 2.9 percent on weekly
Published 30 Mar, 2009 12:00am
Slow road to Central Africa recovery

Slow road to Central Africa recovery

Signs of economic recovery in Central Africas six-nation CFA franc zone may not emerge until the second half of 2009 at best, depending on commodity price trends, the head of the zones central bank said on Thursday.
Published 30 Mar, 2009 12:00am
57 percent rise in investment under CFS

57 percent rise in investment under CFS

Investment under Continuous Funding System (CFS) at Karachi share market on Friday increased by encouraging Rs 582 million, or 57 percent to reach Rs 1.60 billion as compared to previous weeks Rs 1.01 billion. The CFS rate increased 2.9 percent on weekly
Published 30 Mar, 2009 12:00am
Switzerland agrees to tax talks with US and Japan

Switzerland agrees to tax talks with US and Japan

The Swiss government on Wednesday gave the green light for talks with the United States and Japan to bring dual taxation deals with the two countries into line with OECD standards on secrecy.
Published 30 Mar, 2009 12:00am
Bullish trend prevails at KSE

Bullish trend prevails at KSE

Bullish trend prevailed at Karachi share market during the week ended on March 28, 2009, and the KSE-100 index surged by 7.3 percent. The inclusion of Pakistan in MSCI Frontier Market Index, further commitments for economic support by Asian Development Ba
Published 30 Mar, 2009 12:00am
Credit crisis, low oil prices preventing vital investment

Credit crisis, low oil prices preventing vital investment

The global financial crisis and collapse in the oil market have stalled vital investment in oil exploration and production and are likely soon to lead to a sharp spike in prices, an energy consultant and financier says.
Published 30 Mar, 2009 12:00am
Bullish trend prevails at KSE

Bullish trend prevails at KSE

Bullish trend prevailed at Karachi share market during the week ended on March 28, 2009, and the KSE-100 index surged by 7.3 percent. The inclusion of Pakistan in MSCI Frontier Market Index, further commitments for economic support by Asian Development Ba
Published 30 Mar, 2009 12:00am
World Bank sees zero growth in Latin America

World Bank sees zero growth in Latin America

Latin America and the Caribbean region face zero economic growth for this year and "a rapidly increasing probability" of contraction as the global financial crisis batters exports, commodity prices and remittances, a World Bank official said on Friday.
Published 30 Mar, 2009 12:00am
Leasing land along highways: committee set up to redraft NHA policy

Leasing land along highways: committee set up to redraft NHA policy

The government has not approved the draft of National Highways Authority (NHA) policy regarding leasing land along the roads, expressing fear that the proposed policy, in its present form, would lead to corruption and wrongdoing in the valuation process,
Published 30 Mar, 2009 12:00am
Aussie government debt could reach $140 billion

Aussie government debt could reach $140 billion

The Australian governments outstanding debt could quadruple in size to A$200 billion ($140 billion) in the years ahead, a top government official said on Tuesday, leading it to step up efforts to attract international debt investors.
Published 30 Mar, 2009 12:00am
Pentagon chief favours sanctions to press Iran

Pentagon chief favours sanctions to press Iran

US Defence Secretary Robert Gates said on Sunday that economic sanctions would be more effective than diplomatic overtures in bringing Iran to the negotiating table over its nuclear program.
Published 30 Mar, 2009 12:00am
Housewares industry views recession as opportunity

Housewares industry views recession as opportunity

Recession-weary consumers are staying at home more and going out less, a trend the $300 billion housewares industry is counting on to boost demand for kitchen gadgets and the tools to clean. "People are spending more time at home. We have to help them fin
Published 30 Mar, 2009 12:00am
Pentagon chief favours sanctions to press Iran

Pentagon chief favours sanctions to press Iran

US Defence Secretary Robert Gates said on Sunday that economic sanctions would be more effective than diplomatic overtures in bringing Iran to the negotiating table over its nuclear program.
Published 30 Mar, 2009 12:00am
Hot tea may cause throat cancer

Hot tea may cause throat cancer

Drinking hot tea may cause throat cancer, Iranian researchers said on March 27, suggesting people should let steaming drinks cool before consuming them. Previous studies have linked tobacco and alcohol with cancer of the oesophagus, and the research publi
Published 30 Mar, 2009 12:00am
THE RUPEE: steady trend on currency market

THE RUPEE: steady trend on currency market

Firm trend was seen on the currency market during the week ended on March 28, 2009 as the rupee did not show any change against dollar, while it recorded some gain versus euro. The week was shortened due to holiday on Monday on account of Pakistan Day.
Published 30 Mar, 2009 12:00am
Red meat raises risk of all fatal diseases

Red meat raises risk of all fatal diseases

People who eat the most red meat and the most processed meat have the highest overall risk of death from all causes, including heart disease and cancer, US researchers reported. The National Cancer Institute study is one of the largest to look at the high
Published 30 Mar, 2009 12:00am
THE RUPEE: steady trend on currency market

THE RUPEE: steady trend on currency market

Firm trend was seen on the currency market during the week ended on March 28, 2009 as the rupee did not show any change against dollar, while it recorded some gain versus euro. The week was shortened due to holiday on Monday on account of Pakistan Day.
Published 30 Mar, 2009 12:00am
Study finds 10 genes that raise sudden death risk

Study finds 10 genes that raise sudden death risk

Researchers have found nine new gene variations that can make a person vulnerable to sudden cardiac death and confirmed the role of another, international researchers said.
Published 30 Mar, 2009 12:00am
Bullish trend prevails at KSE

Bullish trend prevails at KSE

Bullish trend prevailed at Karachi share market during the week ended on March 28, 2009, and the KSE-100 index surged by 7.3 percent. The inclusion of Pakistan in MSCI Frontier Market Index, further commitments for economic support by Asian Development Ba
Published 30 Mar, 2009 12:00am
Meningitis kills more than 1,100 West Africans

Meningitis kills more than 1,100 West Africans

One third of the worlds stockpiled meningitis vaccine doses have been dispatched to West Africa where an outbreak has killed more than 1,100 people since January, the World Health Organisation (WHO) said on March 27. Meningitis is an infection of the thin
Published 30 Mar, 2009 12:00am
Dubai house prices likely to fall further 20 percent

Dubai house prices likely to fall further 20 percent

Dubai residential prices are likely to fall a further 20 percent before hitting a bottom as supply outstrips demand, while prices in Abu Dhabi are seen falling by up to 15 percent in 2009, EFG-Hermes said.
Published 30 Mar, 2009 12:00am
$9.639 million withdrawn from equity market

$9.639 million withdrawn from equity market

The outflow of foreign portfolio investment continued and the offshore investors withdrew $9.639 million from the countrys equity market during the week ended on March 28, 2009. According to National Clearing Company of Pakistan Limited (NCCPL) data, the
Published 30 Mar, 2009 12:00am
Climate change hastens Japans cherry blossom season

Climate change hastens Japans cherry blossom season

Japans celebrated cherry blossom, which for millions heralds the start of spring, is under threat from climate change, according to experts, who say warmer weather is causing early flowering. Cherry blossom season officially began in Tokyo this year on Ma
Published 30 Mar, 2009 12:00am
$9.639 million withdrawn from equity market

$9.639 million withdrawn from equity market

The outflow of foreign portfolio investment continued and the offshore investors withdrew $9.639 million from the countrys equity market during the week ended on March 28, 2009. According to National Clearing Company of Pakistan Limited (NCCPL) data, the
Published 30 Mar, 2009 12:00am
Sun exposure slashes risk of blood clots

Sun exposure slashes risk of blood clots

While sun exposure has long been linked to skin cancer, a new Swedish study shows it also dramatically reduces the risk of suffering blood clots, one of the authors of the report said.
Published 30 Mar, 2009 12:00am
$9.639 million withdrawn from equity market

$9.639 million withdrawn from equity market

The outflow of foreign portfolio investment continued and the offshore investors withdrew $9.639 million from the countrys equity market during the week ended on March 28, 2009. According to National Clearing Company of Pakistan Limited (NCCPL) data, the
Published 30 Mar, 2009 12:00am
Exercise improves young mens heart regulation

Exercise improves young mens heart regulation

Offering yet more reason to get regular exercise, a new study shows that running and other aerobic activities improve nervous-system control of the heart in young men.
Published 30 Mar, 2009 12:00am
HSBC says 1,200 UK jobs may be cut, possibly more

HSBC says 1,200 UK jobs may be cut, possibly more

The British division of HSBC PLC said on March 25 that it may lay off as many as 1,200 staff following a review of operations, although the Unite union claimed that 2,900 staff would be affected. HSBC UK said the 1,200 cuts represent about 2 percent of it
Published 30 Mar, 2009 12:00am
Google search gets semantic

Google search gets semantic

Google on Tuesday modified its globally popular Internet search service to understand relationships between words, as the company bids to better grasp what Web users are looking for. Along with taking into account intended meanings of search terms, Google
Published 30 Mar, 2009 12:00am
Netflix links service to Facebook

Netflix links service to Facebook

Netflix has linked to Facebook, and Blockbuster is making films available on-demand to users of TiVo digital recorder devices as the US DVD rental giants continue an Internet-age duel. Netflix members that belong to Facebook can connect to the online DVD
Published 30 Mar, 2009 12:00am
Google Docs now allows offline work

Google Docs now allows offline work

Google Docs, which has so far been an online-only service for creating documents and preparing presentations, can now be used offline, company officials reported. The offline mode can be accessed at docs.google.com. When first activating the service, user
Published 30 Mar, 2009 12:00am
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