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Print - 2009-04-26
Nara, Jamrao canals project: PAC takes notice of Rs 174.509 million loss

Nara, Jamrao canals project: PAC takes notice of Rs 174.509 million loss

The sub committee of Public Accounts Committee (PAC) of the National Assembly on Saturday took serious notice of Rs 174.509 million loss due to improper implementation of Nara and Jamrao Canals project by Wapda in 2005-06. The committee directed the Water
Published 26 Apr, 2009 12:00am
Punjab targets six million tonnes of wheat procurement

Punjab targets six million tonnes of wheat procurement

Punjab government has set a six-million tonnes target of wheat and chief minister ordered officials to buy it before May 31. Talking to private tv channel, the provincial food minister, Malik Kamran Nadeem, disclosed that 861,593 metric tonnes of wheat we
Published 26 Apr, 2009 12:00am
Wattoo to inaugurate iron & steel conference

Wattoo to inaugurate iron & steel conference

First Iron & Steel Conference will be held on April 29 at a local hotel in Lahore. Federal Minister for Industries & Production Mian Manzoor A. Wattoo will inaugurate the conference.
Published 26 Apr, 2009 12:00am
HBL posts Rs 3.384 billion net profit in first quarter

HBL posts Rs 3.384 billion net profit in first quarter

Habib Bank Limited (HBL) has posted Rs 3.384 billion as profit after tax in the quarter ended March 31, 2009 as compared to Rs 4.267 billion earned in the corresponding period in 2008. The board of directors of the bank in its meeting held here on Friday
Published 26 Apr, 2009 12:00am
HBL posts Rs 3.384 billion net profit in first quarter

HBL posts Rs 3.384 billion net profit in first quarter

Habib Bank Limited (HBL) has posted Rs 3.384 billion as profit after tax in the quarter ended March 31, 2009 as compared to Rs 4.267 billion earned in the corresponding period in 2008. The board of directors of the bank in its meeting held here on Friday
Published 26 Apr, 2009 12:00am
Second Global Telecon held

Second Global Telecon held

Speakers and industry experts at the 2nd Global Telecon 2009 on Thursday endorsed technology advancement for economic growth and consumer satisfaction as the cornerstone of Pakistan's telecommunication environment in the immediate future.
Published 26 Apr, 2009 12:00am
Re-election of LHCBA sought

Re-election of LHCBA sought

A senior member Lahore High Court Bar Association Syed Manzoor Ali Gilani has moved a resolution demanding re-election of the bar after elevation of its president M A Shahid Siddiqui to Supreme Court of Pakistan. He contended that under the bar rules re-e
Published 26 Apr, 2009 12:00am
Another petition in contaminated milk case

Another petition in contaminated milk case

A civil miscellaneous petition has been filed before the Lahore High Court in a contaminated milk case in the province. The petitioner through Barrister Zafar Ullah prayed to the court to allow him to submit on record the reports about the adulterated mil
Published 26 Apr, 2009 12:00am
US University honours eminent Pakistani American doctor

US University honours eminent Pakistani American doctor

The University of Toledo, Ohio, has honoured the contribution of eminent Pakistani American cardiologist Dr S Amjad Hussain as teacher, surgeon and researcher through creation of a new endowed professorship in his name.
Published 26 Apr, 2009 12:00am
HSC examination 2009 to start on April 28

HSC examination 2009 to start on April 28

The Controller of Examinations, Board of Intermediate and Secondary Education Hyderabad has said that the Higher Secondary Certificate (HSC) Part-I and II (Class XI and XII) Annual Examination 2009 (Science, Humanities, Commerce and Home Economics Groups)
Published 26 Apr, 2009 12:00am
Hepatitis cases on rise in Pakistan: expert

Hepatitis cases on rise in Pakistan: expert

Media has been playing its due role in creating a general health consciousness and awareness about diseases, prevention and cure among the masses yet a lot needs to be done, especially in case of diseases like hepatitis that is on rise in Pakistan.
Published 26 Apr, 2009 12:00am
'MCP to eradicate 80 percent malarial diseases by 2012'

'MCP to eradicate 80 percent malarial diseases by 2012'

"80 percent of the malarial disease would be eradicated by the year 2012 under the complete Malaria Eradication Plan being implemented by the government.' The management of Provincial Malaria Control Programme (MCP) said in a message on the eve of World M
Published 26 Apr, 2009 12:00am
World Bank's advice on development issues

World Bank's advice on development issues

Pakistan should focus on a wide range of critical development issues, including health, education, skill development, social mobilisation as well as on building important infrastructure to meet its future growth requirements, a statement issued by World B
Published 26 Apr, 2009 12:00am
Hold the berserk bull by the horn

Hold the berserk bull by the horn

As the latest Recorder news report on this grave issue has pointed out, the Sindh Government has apparently become so powerless before Site Town Municipal Administration (TMA), Karachi, as to find itself incapable of resolving the crisis sparked last mont
Published 26 Apr, 2009 12:00am
Innovation goes green with the support of intellectual property

Innovation goes green with the support of intellectual property

On April 26, the World Intellectual Property Organisation and the international community will observe the ninth annual World Intellectual Property Day to raise international awareness about the importance of intellectual property to our wellbeing.
Published 26 Apr, 2009 12:00am
No bail-out for poor as world spins into development crisis

No bail-out for poor as world spins into development crisis

A woman in sub-Saharan Africa will be among up to 90 million people forced into extreme poverty in 2009. A baby in South Asia will be one of 400,000 to die this year. And a man in Latin America will join the 1 billion chronically hungry people in the worl
Published 26 Apr, 2009 12:00am
Tito still charms three decades after death

Tito still charms three decades after death

A Belgrade exhibition of odd gifts given to Josip Broz Tito, the late communist ruler of the former Yugoslavia, is proving a hit among young and old alike almost 30 years after his death. Several thousand people, among them tourists from former Yugoslav r
Published 26 Apr, 2009 12:00am
Suo motu actions

Suo motu actions

The honourable Chief Justice is restored. To expect one individual, no matter how determined he is, to take up and organise the whole country is virtually impossible and too much to ask for. Pakistan, like many third world countries, is and has been a vic
Published 26 Apr, 2009 12:00am
Is it not a joke?

Is it not a joke?

Wheat is a basic food item for the poor and the rich alike. However, for the last two years the whole nation is facing acute shortage of flour and is paying nearly double than the last year's rate.
Published 26 Apr, 2009 12:00am
Militancy

Militancy

The first demerit of the above regulation is its promulgation in disgraceful haste without debate by the National Assembly by all legislators with the exception of MQM and Ayaz Mir, MNA from Chakwal.
Published 26 Apr, 2009 12:00am
Tourists flock to crisis-stricken Iceland

Tourists flock to crisis-stricken Iceland

With Iceland's economic meltdown sending its currency into freefall, tourists who saw this remote North Atlantic island as prohibitively expensive are now flocking to its dramatic volcanic scenery. "Last year you got 60 kronur for one dollar, today you ge
Published 26 Apr, 2009 12:00am
An appeal

An appeal

Why TV channels gave live coverage to Maulana Abdul Aziz's release on bail, his speech to the cheerful and charged crowd and the Juma sermon? Why can't we understand such a coverage can make him the hero once again? But one thing our media can help dig ou
Published 26 Apr, 2009 12:00am
Polish communism contest brings laughs, memories

Polish communism contest brings laughs, memories

A rough, concrete bathtub was left behind for decades in a corner of a Warsaw backyard. The massive, uncomfortable tub was made in the Stalin era amid the Korean War and supply shortages. Like many technologies in the former Soviet-bloc, it was built for
Published 26 Apr, 2009 12:00am
Cats play guitar, tap bells, ride skateboard in circus act

Cats play guitar, tap bells, ride skateboard in circus act

Reaching up with her front paws, the little white cat grabs the green pole and pulls herself upside down and backwards across the stage. She gobbles her treat then stands on her hind legs to push a toy cart after a fluffy Siamese rushes over to sit on it.
Published 26 Apr, 2009 12:00am
Mirwaiz, Gilani vow to continue poll boycott campaign

Mirwaiz, Gilani vow to continue poll boycott campaign

The Chairman of All Parties Hurriyet Conference (APHC) in occupied Kashmir, Mirwaiz Umar Farooq and senior Kashmiri Hurriyet leader, Syed Ali Gilani, while terming the crackdown on Hurriyet leaders and activists undemocratic, said that they would continue
Published 26 Apr, 2009 12:00am
Construction work on dialysis unit at DHQ Nowshera inaugurated

Construction work on dialysis unit at DHQ Nowshera inaugurated

NWFP Minister for Excise and Taxation, Liaqat Shabab has said that the present government is committed to resolve all the issues and crises inherited from the last dictatorial regime and all available resources were being utilised for this purpose. He was
Published 26 Apr, 2009 12:00am
Altaf lauds Kayani's statement for eradicating extremism

Altaf lauds Kayani's statement for eradicating extremism

Chief of Muttahida Qaumi Movement (MQM), Altaf Hussain hailing the statement of the Chief of Army Staff General Ashfaq Pervez Kiyani on redeeming the country from religious extremism paid tributes to him including every officer and soldier. Altaf said tha
Published 26 Apr, 2009 12:00am
Conference on IPO today

Conference on IPO today

Intellectual Property Organisation of Pakistan (IPO-Pakistan) is organising one day workshop cum conference here today (April 26) to mark World Intellectual Property day. "The conference will specifically focus on the menace of counterfeiting and violatio
Published 26 Apr, 2009 12:00am
World Bank, European Commission delegation meets Sindh chief secretary

World Bank, European Commission delegation meets Sindh chief secretary

A delegation of World Bank and European Commission, led by Reema Nayar, met Sindh Chief Secretary Fazal-ur-Rehman and exchanged views regarding Sindh Education Reform Program. Additional Chief Secretary Nazar Hussain Maher, Secretary Education Rizwan Memo
Published 26 Apr, 2009 12:00am
CDGK decides to revoke 'illegal' promotions

CDGK decides to revoke 'illegal' promotions

The City District Government Karachi (CDGK), in compliance with a Sindh government's notice, has decided to cancel all promotions/up-gradations of district officers in the various departments, which had been made in violation of Sindh Local Government Ord
Published 26 Apr, 2009 12:00am
PCA demonstrates against arrest of its president

PCA demonstrates against arrest of its president

The Pakistan Computer Association (PCA) on Saturday held a demonstration to protest against the arrest of President PCA Karachi Khushnood Aftab by Federal Investigation Authority (FIA) under piracy charges. The demonstrators gathered at Fazal-e-Haq Road,
Published 26 Apr, 2009 12:00am
VRI seeks aid to prepare FMD, Brucellosis vaccines

VRI seeks aid to prepare FMD, Brucellosis vaccines

The Veterinary Research institute (VRI) Peshawar is looking for international co-operation in the preparation of preventive vaccines for Foot & Mouth Disease (FMD) and Brucellosis in livestock of the province. Director VRI, Dr Syed Nasir Shah stated this
Published 26 Apr, 2009 12:00am
Negligence of Wapda: PAC panel takes notice of Rs 174.509 million loss

Negligence of Wapda: PAC panel takes notice of Rs 174.509 million loss

The sub committee of Public Accounts Committee of National Assembly has taken serious notice of Rs 174.509 million loss due to Wapda negligence in 2005-06. The sub committee in its meeting held here on Saturday with its chairman Riaz Hussain Pirzada revie
Published 26 Apr, 2009 12:00am
Naek says Senate determined to pass laws for good governance

Naek says Senate determined to pass laws for good governance

Chairman Senate Farooq H. Naek has said that the Upper House is determined to pass laws to help in good governance as people are expecting it from the democratic government. He said this while talking to journalists at a luncheon ceremony hosted for the j
Published 26 Apr, 2009 12:00am
Parc develops bio-remediation technology

Parc develops bio-remediation technology

Sardar Assef Ahmed, Deputy Chairman, Planning Commission of Pakistan has said that Pakistan Agricultural Research Council's (Parc) efforts are commendable to develop bio-remediation technology which is vital for reclaiming used-water. He was speaking duri
Published 26 Apr, 2009 12:00am
Teenager electrocuted

Teenager electrocuted

A teenager was electrocuted in the limit of Sachal police station on Saturday when a wire of Karachi Electric Supply Company's (KESC) unplanned network broke and fell on children playing in the street. According to details, 14-year-old Aijaz son of Nazir
Published 26 Apr, 2009 12:00am
JICA, ministry of health sign accord

JICA, ministry of health sign accord

Japan International Co-operation Agency (JICA) and Ministry of Health on Saturday signed an agreement on Technical Co-operation Project for implementation of the District Health Information System (DHIS).
Published 26 Apr, 2009 12:00am
PML-N is determined to serve masses: Nawaz

PML-N is determined to serve masses: Nawaz

Pakistan Muslim League-Nawaz (PML-N) is determined to serve the masses in selflessly in the light of party manifesto and would ensure speedy justice and implementation of public welfare programme in letter and spirit for the ultimate good of public at lar
Published 26 Apr, 2009 12:00am
'PAF, army capable of joint safeguard of the country'

'PAF, army capable of joint safeguard of the country'

Pakistan Air Force (PAF) and Army are capable of carrying out joint operations to safeguard the country and PAF will continue to ensure operation preparedness and protection of the country, said Chief of Air Staff Air Chief Marshal Rao Qamar Suleman here
Published 26 Apr, 2009 12:00am
Wheat price rises by Rs 30 to 50 per 40kg in open market

Wheat price rises by Rs 30 to 50 per 40kg in open market

With the increase in wheat procurement target from 4 million tons to 6 million by the Punjab government, the wheat price shot up by Rs 30 to 50 per 40kg in different open grain markets of the province on Saturday.
Published 26 Apr, 2009 12:00am
Abbas Rizvi takes charge of DG BoI Karachi

Abbas Rizvi takes charge of DG BoI Karachi

Syed Asghar Abbas Rizvi has assumed the charge of Director General of the Board of Investment (BoI), Karachi Office. This was announced in a statement issued here by the BoI Karachi Office.
Published 26 Apr, 2009 12:00am
West urged to help defeat extremism, terrorism

West urged to help defeat extremism, terrorism

Foreign Minister Shah Mahmood Qureshi on Saturday urged the West to help Pakistan in defeating the growing extremism and terrorism with integrated and holistic approach.
Published 26 Apr, 2009 12:00am
Five injured in fresh wave of violence

Five injured in fresh wave of violence

A fresh wave of violence hit Pakhtoons' majority areas in the city on Saturday, where at least five people received bullet injuries when unidentified armed men opened fire on them. The two towns of the metropolis, North Nazimabad Town and New Karachi were
Published 26 Apr, 2009 12:00am
Saudi Arabia cracks down on blaring mosque speakers

Saudi Arabia cracks down on blaring mosque speakers

Saudi Arabia is cracking down on overly loud loudspeakers used to call the faithful to prayer, as mosques increasingly drown each other out, the official SPA news agency said on Saturday. Islamic Affairs Minister Sheikh Saleh al-Sheikh has ordered teams t
Published 26 Apr, 2009 12:00am
Five cops die in attack on Afghan governor's compound

Five cops die in attack on Afghan governor's compound

Three suicide bombers penetrated the governor's compound in Afghanistan's largest southern city Saturday, killing at least five police officers in the latest multi-pronged attack in the Taliban's spiritual birthplace. The three bombers were able to get pa
Published 26 Apr, 2009 12:00am
Two Hitler watercolours auctioned in Germany

Two Hitler watercolours auctioned in Germany

A pair of watercolors signed ``Adolf Hitler' and depicting farm scenes fetched a combined total of ¤32,000 ($42,000) at an auction in Germany on Saturday, an auction house official said. Kathrin Weidler, a manager at the Weidler Auction House in Nuremberg
Published 26 Apr, 2009 12:00am
Turkey objects to Obama's view of Armenian killings

Turkey objects to Obama's view of Armenian killings

Turkey on Saturday branded "unacceptable" parts of US President Barack Obama's carefully worded statement on the mass killings of Armenians, saying that hundreds of thousands of Turks and Muslims also died. Obama avoided using the word genocide on Friday
Published 26 Apr, 2009 12:00am
Fatal new flu strain threatens Mexico, US

Fatal new flu strain threatens Mexico, US

Mexican and US health experts searched on Saturday for signs an outbreak of a new flu strain is spreading further, after it killed up to 68 people in Mexico and infected eight in the United States. Mexico shut cinemas and museums and axed public events in
Published 26 Apr, 2009 12:00am
Rahul Gandhi will refuse Prime Minister job if asked

Rahul Gandhi will refuse Prime Minister job if asked

Rahul Gandhi, scion of India's most powerful family dynasty and touted as a future prime minister, on Saturday said he would refuse to accept the top job if it was offered to him after the April/May general election. The 38-year-old Gandhi, whose father,
Published 26 Apr, 2009 12:00am
Asia protests while Beijing quiet on Falungong anniversary

Asia protests while Beijing quiet on Falungong anniversary

Despite demonstrations around Asia, Beijing was quiet Saturday a decade after the spiritual group Falungong was outlawed as an evil cult and made the subject of a brutal crackdown. On April 25, 1999, over 10,000 Falungong members surrounded Communist Part
Published 26 Apr, 2009 12:00am
Somali pirates seize German vessel, crew unhurt

Somali pirates seize German vessel, crew unhurt

Somali pirates have seized a 31,000-tonne German grain carrier in the Gulf of Aden but the ship's 17 crew members are unhurt, a Kenyan maritime official said on Saturday. The Malta-flagged MV Patriot is owned by Patriot Schiffahrts and managed by Blumenth
Published 26 Apr, 2009 12:00am
UN puts three North Korean firms on blacklist

UN puts three North Korean firms on blacklist

A Security Council committee on Friday placed three North Korean companies on a UN blacklist for aiding Pyongyang's missile and nuclear programs, eliciting a sharp rebuke from a North Korean envoy. The North Korea sanctions committee met a Friday deadline
Published 26 Apr, 2009 12:00am
Bangladesh urged to stop deaths of mutiny suspects

Bangladesh urged to stop deaths of mutiny suspects

Human Rights Watch asked Bangladesh on Saturday to stop the deaths in custody of suspected mutineers, as reports that 16 soldiers died in detention since a bloody uprising at the Dhaka headquarters of Bangladesh's border guards.
Published 26 Apr, 2009 12:00am
US military warned torture yields 'unreliable' information

US military warned torture yields 'unreliable' information

A US military agency warned the administration of former US president George W. Bush in July 2002 that torture of terrorism suspects usually yields "unreliable information," The Washington Post reported late Friday.
Published 26 Apr, 2009 12:00am
Flight to Israel diverted, passenger subdued

Flight to Israel diverted, passenger subdued

An aircraft flying from New York to Israel with 206 people on board was diverted to Boston on Friday after an unruly passenger tried to break into the cockpit, Boston media reported. Delta Air Lines flight 86 landed at Logan International airport just aft
Published 26 Apr, 2009 12:00am
Australia forfeits Indian match over security

Australia forfeits Indian match over security

Australia will not send its Davis Cup team to India for next month's tie because of security concerns, Tennis Australia (TA) said on Saturday, leaving the country facing the prospect of a year-long ban and a big fine.
Published 26 Apr, 2009 12:00am
Thousands mark 94th anniversary of Gallipoli battle

Thousands mark 94th anniversary of Gallipoli battle

Thousands of Australians and New Zealanders on Saturday held a dawn service in north-western Turkey to commemorate the 94th anniversary of an ill-fated World War I campaign in which thousands of their compatriots were killed, the Anatolia news agency repo
Published 26 Apr, 2009 12:00am
Boyd's 100th goal helps Rangers into Cup final

Boyd's 100th goal helps Rangers into Cup final

Kris Boyd scored his 100th goal for Rangers as he helped his side progress to the Scottish Cup final with a comfortable 3-0 semi-final win over St Mirren at Hampden on Saturday. Andrius Velicka had given Rangers the lead after in the second minute when he
Published 26 Apr, 2009 12:00am
Nadal reaches fifth straight Barcelona final

Nadal reaches fifth straight Barcelona final

Rafael Nadal stormed into his second major clay final in as many weeks on Saturday with a 6-3, 6-2 dismantling of Nickolay Davyenko at the Barcelona Open. Nadal, winner over Novak Djokovic for a fifth straight trophy at Monte Carlo last weekend, now stand
Published 26 Apr, 2009 12:00am
Ferguson insists Tevez will stay at United

Ferguson insists Tevez will stay at United

Sir Alex Ferguson has shrugged off Carlos Tevez's complaints about limited first team opportunities with Manchester United and insists he is optimistic that he will hold on to the Argentinian striker this summer. Tevez was quoted in his homeland this week
Published 26 Apr, 2009 12:00am
Real to appeal Pepe's 10-match ban

Real to appeal Pepe's 10-match ban

Real Madrid are planning to appeal the 10-match ban inflicted on their Portuguese international Pepe for his violent outburst against two Getafe players in a league game this week. "What a catastrophe!" Real president Vincente Boluda said in a report in S
Published 26 Apr, 2009 12:00am
Waqar wants India to play Pakistan in UAE

Waqar wants India to play Pakistan in UAE

Famed paceman Waqar Younis Saturday said Pakistan should play arch-rivals India in the neutral venues of the United Arab Emirates after political tensions put home fixtures on hold. Last year New Delhi refused to clear its national team's tour to Pakistan
Published 26 Apr, 2009 12:00am
ICC pledge support for cricket-deprived Pakistan

ICC pledge support for cricket-deprived Pakistan

Cricket's governing body Saturday pledged support for cricket-deprived Pakistan after the troubled country was stripped of its share of 2011 World Cup matches because of security fears. The promise came during a meeting between Pakistan's sports minister
Published 26 Apr, 2009 12:00am
Deccan hero Ojha puts Mumbai in a spin

Deccan hero Ojha puts Mumbai in a spin

A spinning masterclass from Pragyan Ojha and disciplined back-up from Venugopal Rao ensured Deccan Chargers consolidated their position at the top of the Indian Premier League (IPL) table with a 12-run victory over Mumbai Indians here on Saturday.
Published 26 Apr, 2009 12:00am
IPL standings

IPL standings

Indian Premier League standings after first match on Saturday (played, won, lost, tied, no result, points, net run rate):

Published 26 Apr, 2009 12:00am
Punjab claim first win

Punjab claim first win

Ravi Bopara scored 84 as Kings XI Punjab defeated Bangalore Royal Challengers by seven wickets Friday to claim their first Indian Premier League victory this season. Former England captain Kevin Pietersen was out for a duck as Bangalore made 168-9 in thei
Published 26 Apr, 2009 12:00am
Clarke pleased as Australia square series

Clarke pleased as Australia square series

Australian captain Michael Clarke said he was pleased with his team's show of character to level the five-match one-day series against Pakistan, and targeted wins in the remaining fixtures. "We were under pressure after losing the first game, but it's gre
Published 26 Apr, 2009 12:00am
Urawa take J-League lead

Urawa take J-League lead

Brazilian striker Edmilson scored the only goal of the game to give Urawa Red Diamonds a 1-0 win over JEF United Chiba and send them to the top of the J-League on Saturday. Edmilson nodded home from close range on a pass from Naoki Yamada in the 58th minu
Published 26 Apr, 2009 12:00am
South Korea averts recession, rates likely bottomed

South Korea averts recession, rates likely bottomed

South Korea's economy averted falling into recession in the first quarter as expected due to government stimulus measures, data showed on Friday, reinforcing the market view that local interest rates have bottomed. Gross domestic product for the January-M
Published 26 Apr, 2009 12:00am
Canadian dollar higher

Canadian dollar higher

The Canadian dollar rose on Friday, lifted by a rally in global equities and commodity prices, and on momentum from this week's Bank of Canada policy announcements. North American stock markets rose on Friday, helped in part by better than expected corpor
Published 26 Apr, 2009 12:00am
IMM speculators increase long US dollar positions: CFTC

IMM speculators increase long US dollar positions: CFTC

Currency speculators increased their long US dollar positions in the latest week, according to data from the Commodity Futures Trading Commission on Friday. The value of the US dollar's net long position was $4.79 billion in the week ending April 21, up f
Published 26 Apr, 2009 12:00am
Euro rises versus dollar for fourth straight session

Euro rises versus dollar for fourth straight session

The euro rose against the dollar on Friday for a fourth straight session as improved business sentiment in Germany added to hopes that the euro-zone economy may already have seen the worst of the recession. Dollar demand also faded as a stock rally lifted
Published 26 Apr, 2009 12:00am
Ukraine central bank plans intervention

Ukraine central bank plans intervention

Ukraine's central bank said on Friday it would intervene on the interbank market on Monday and hold auctions on April 29 and May 6. The bank said it would sell dollars at 7.9 hryvnias and buy them at 7.7 on Monday, rates unchanged for more than two months
Published 26 Apr, 2009 12:00am
Brazil's benchmark inflation quickens

Brazil's benchmark inflation quickens

Inflation in Brazil quickened in the month to mid-April as prices of cooking gas, cigarettes and housekeeping services surged, government data showed on Friday. The benchmark IPCA consumer price index rose 0.36 percent in the month-long period through mid
Published 26 Apr, 2009 12:00am
Brazil real firms

Brazil real firms

Brazilian stocks rallied to their highest close in more than six months on Friday, as optimism about the world's largest economy boosted appetite for riskier assets and lifted the national currency. Brazil's national currency, the real, strengthened 1.26
Published 26 Apr, 2009 12:00am
Wall Street rallies by corporate earnings

Wall Street rallies by corporate earnings

US stocks rallied on Friday as earnings showed companies have weathered the recession and economic data raised hopes the economic cycle may have hit a bottom. Investors were also undeterred by a government release of a much anticipated concept paper on st
Published 26 Apr, 2009 12:00am
Emerging market stock gains

Emerging market stock gains

Emerging markets rose in tandem with developed markets on Friday, with investors taking note of better-than-expected US corporate results and economic data. US government data showed durable goods orders slipped in March, but fell far less than Wall Stree
Published 26 Apr, 2009 12:00am
Emerging market stock gains

Emerging market stock gains

Emerging markets rose in tandem with developed markets on Friday, with investors taking note of better-than-expected US corporate results and economic data. US government data showed durable goods orders slipped in March, but fell far less than Wall Stree
Published 26 Apr, 2009 12:00am
Canadian bond prices lower

Canadian bond prices lower

With no major domestic economic data, bond prices were lower on Friday as money flowed to equity markets and as US treasuries slipped on looming supply next week. The two-year Canada bond was down 1 Canadian cent at C$100.53 to yield 0.993 percent, while
Published 26 Apr, 2009 12:00am
Canadian bond prices lower

Canadian bond prices lower

With no major domestic economic data, bond prices were lower on Friday as money flowed to equity markets and as US treasuries slipped on looming supply next week. The two-year Canada bond was down 1 Canadian cent at C$100.53 to yield 0.993 percent, while
Published 26 Apr, 2009 12:00am
Toronto stock lifts to five-month high

Toronto stock lifts to five-month high

Toronto's main stock index rose to its highest level in more than five months on Friday, and scored its seventh straight week of gains, as rising oil and gold prices powered commodity-related issues higher. The index's mining-heavy materials group rose 4.
Published 26 Apr, 2009 12:00am
JGB futures edge down

JGB futures edge down

Japanese government futures edged down on Friday after hitting a three-week high the previous day, but losses were limited as stock market falls underpinned debt prices. JGBs were subdued and stayed in narrow ranges despite month-end buying by investors w
Published 26 Apr, 2009 12:00am
JGB futures edge down

JGB futures edge down

Japanese government futures edged down on Friday after hitting a three-week high the previous day, but losses were limited as stock market falls underpinned debt prices. JGBs were subdued and stayed in narrow ranges despite month-end buying by investors w
Published 26 Apr, 2009 12:00am
Brazil stocks rise

Brazil stocks rise

Brazilian stocks rose for a third straight day on Friday, led by gains in commodity giants Petrobras and Vale, while the national currency rose more than 1 percent. Sao Paulo's main stock index, the Bovespa gained 1.28 percent to 46,389 points as Wall Str
Published 26 Apr, 2009 12:00am
US Treasury debt tumble

US Treasury debt tumble

US Treasury debt prices fell Friday as higher stocks nipped any safe-haven bidding for government debt, while investors worried about the price impact of a spate of debt supply next week. Benchmark yields briefly rose to 3.00 percent for the first time si
Published 26 Apr, 2009 12:00am
US Treasury debt tumble

US Treasury debt tumble

US Treasury debt prices fell Friday as higher stocks nipped any safe-haven bidding for government debt, while investors worried about the price impact of a spate of debt supply next week. Benchmark yields briefly rose to 3.00 percent for the first time si
Published 26 Apr, 2009 12:00am
Korean treasury bonds jump

Korean treasury bonds jump

South Korean government bond prices soared on Friday, buoyed by hopes for parliament to approve a tax incentive bill for bonds next week. The bill to exempt foreign investors from income taxes on bond investment was passed by a parliamentary panel earlier
Published 26 Apr, 2009 12:00am
Korean treasury bonds jump

Korean treasury bonds jump

South Korean government bond prices soared on Friday, buoyed by hopes for parliament to approve a tax incentive bill for bonds next week. The bill to exempt foreign investors from income taxes on bond investment was passed by a parliamentary panel earlier
Published 26 Apr, 2009 12:00am
Despite recent deals, IPO pipeline thins out

Despite recent deals, IPO pipeline thins out

For all the talk of a renascent market for initial public offerings following five successful deals, there are fewer companies in the pipeline. April has seen a flurry of IPOs by Chinese video game maker Changyou.com Ltd, language software maker Rosetta S
Published 26 Apr, 2009 12:00am
US corporate bond spreads tightening trend

US corporate bond spreads tightening trend

US corporate bond spreads narrowed on Friday, helped by better-than-expected first-quarter earnings and hopes that government stress tests will not show unanticipated problems at major banks. The main index of investment-grade credit default swaps tighten
Published 26 Apr, 2009 12:00am
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