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Print - 2009-05-11
Hong Kong shares may see correction

Hong Kong shares may see correction

Hong Kong shares could face a correction as the recent bull run may lead investors to grab profits, dealers said. For the week ending May 8, the benchmark Hang Seng Index closed at 17,389.87, its highest close since October 3. It rose 12 percent over the
Published 11 May, 2009 12:00am
Sell in May? Maybe not this year

Sell in May? Maybe not this year

Betting against the latest upsurge in US stocks is likely to be a losing proposition even for the balance of May, a month historically associated with the onset of a volatile period for equities.
Published 11 May, 2009 12:00am
Seoul market may take breather after recent rises

Seoul market may take breather after recent rises

South Korea's bullish stock market is expected to take a breather after rising more than three percent over the past week but the longer-term outlook is still good, analysts said Friday. Amid a lack of further upward momentum, the KOSPI index is likely to
Published 11 May, 2009 12:00am
London investors watch HSBC earnings

London investors watch HSBC earnings

HSBC, Europe's biggest banking group, posts first-quarter earnings news on Monday and a positive release could see the London stock market build on recent strong gains. The British capital's FTSE 100 index of leading shares closed up 5.16 percent, or 218.
Published 11 May, 2009 12:00am
Australian shares likely to consolidate gains

Australian shares likely to consolidate gains

Australian share prices are likely to consolidate gains as confidence returns to the market, dealers said on Friday. For the week ending May 8 the benchmark S&P/ASX 200 gained 172.1 points, or 4.57 percent, to close at 3,941.7.
Published 11 May, 2009 12:00am
Sell in May? Maybe not this year

Sell in May? Maybe not this year

Betting against the latest upsurge in US stocks is likely to be a losing proposition even for the balance of May, a month historically associated with the onset of a volatile period for equities.
Published 11 May, 2009 12:00am
Egypt market up

Egypt market up

Egypt's benchmark index gained more than 4 percent on Sunday as investors bought into real estate stocks and heavyweights Orascom Telecom (OT) and Orascom Construction Industries in large volumes. OT gained 8.37 percent to 36 Egyptian pounds ($6.40), afte
Published 11 May, 2009 12:00am
Philippines shares likely to move higher

Philippines shares likely to move higher

Philippines shares likely to rise as investors make a play for undervalued stocks, dealers said. The market showed unexpected strength over the week due to the release of lower inflation figures and signs that interest rates would be lowered soon.
Published 11 May, 2009 12:00am
Singapore shares expected to lose steam

Singapore shares expected to lose steam

Singapore shares may lose steam in the week ahead after racking up gains on hopes of a global economic recovery, analysts said. The blue chip Straits Timex Index closed Friday at 2,238.21 points, up 317.93 points or 16.56 percent from last Thursday's clos
Published 11 May, 2009 12:00am
US banks freshen hope of 'green shoots'

US banks freshen hope of 'green shoots'

Analysts saw more green shoots poke through the world economic freeze this week, hailing the "stress tests" for big US banks as an encouraging sign that a recovery was gaining momentum. "We view the (stress test) results highly positively," said economist
Published 11 May, 2009 12:00am
Kuwait and China sign energy and other agreements

Kuwait and China sign energy and other agreements

China and Kuwait signed agreements on oil and gas and the environment Sunday, as Beijing pushes to deepen ties to resource-rich countries to feed its energy-hungry economy. Chinese President Hu Jintao and the emir of Kuwait, Sheik Sabah Al Ahmad Al Sabah,
Published 11 May, 2009 12:00am
Tax rift haunts Merkel before German election

Tax rift haunts Merkel before German election

A senior ally of Chancellor Angela Merkel has questioned her plans to promise German voters tax cuts from next year, exposing a deep policy rift within her conservative camp only months before a federal election.
Published 11 May, 2009 12:00am
US economic growth seen resuming in third quarter: survey

US economic growth seen resuming in third quarter: survey

The US economy is expected to begin growing in the second half of this year, while the jobless rate is expected to peak in the first quarter of 2010, according to a survey of top forecasters released on Sunday.
Published 11 May, 2009 12:00am
New Zealand house prices weaken further in April

New Zealand house prices weaken further in April

New Zealand house prices fell for the 10th month in a row in April, but there were signs of stabilisation as lower borrowing costs lured buyers back to the market, government agency Quotable Value (QV) said on Monday.
Published 11 May, 2009 12:00am
Australia braces for unpopular budget

Australia braces for unpopular budget

Australia is gearing up for a tough budget on Tuesday, facing the prospect of the largest deficit in the country's history as the economy struggles with its first recession in almost two decades. The end of the China-driven resource boom that spurred Aust
Published 11 May, 2009 12:00am
Russia to sign nuclear pact with Japan

Russia to sign nuclear pact with Japan

Russian Prime Minister Vladimir Putin has told Japanese media his country expects to sign a nuclear power pact with Japan during his visit here this week, reports said Sunday. In an interview with Japanese media in Moscow, Putin said he would also present
Published 11 May, 2009 12:00am
ADB to give Bangladesh $200 million more aid

ADB to give Bangladesh $200 million more aid

The Asian Development Bank will give Bangladesh $200 million in addition to normal assistance as budgetary support to face the fallout of global meltdown, Finance Minister Abul Maal Abdul Muhith said on Sunday. "ADB has pledged to allocate at least $200 m
Published 11 May, 2009 12:00am
US House speaker Pelosi in Iraq, discusses economy

US House speaker Pelosi in Iraq, discusses economy

US House Speaker Nancy Pelosi made a surprise one-day visit to Baghdad Sunday and discussed US-Iraqi economic relations with the prime minister, the government spokesman said.
Published 11 May, 2009 12:00am
Younis takes top spot in world rankings

Younis takes top spot in world rankings

West Indies' Shivnarine Chanderpaul has lost his place at the top of the International Cricket Council (ICC) world batting rankings in the latest edition issued on Sunday.
Published 11 May, 2009 12:00am
Japanese teen sets 200 million backstroke world record

Japanese teen sets 200 million backstroke world record

Japanese teenager Ryosuke Irie set a world record for the men's 200 metres backstroke at a low-key international meet in Australia on Sunday. The 19-year-old powered his way to victory in the "Duel in the Pool" meet between Japan and Australia to stop the
Published 11 May, 2009 12:00am
Button wins Spanish GP in Brawn one-two

Button wins Spanish GP in Brawn one-two

Britain's Jenson Button led a Brawn GP one-two triumph at the Spanish Grand Prix on Sunday for the Formula One championship leader's fourth victory in five races. For the ninth year in a row, victory at the Circuit de Catalunya went to the driver starting
Published 11 May, 2009 12:00am
Kenya's Koech runs the seventh fastest 25km

Kenya's Koech runs the seventh fastest 25km

Kenya's Matthew Koech won Berlin's 25 kilometres race here on Sunday in one hour 13.24 minutes in the seventh-fastest time over the distance. Koech came home first ahead of compatriot Fred Kosgei, who finished in 1 hour 14.35 minutes, and 2007 world marat
Published 11 May, 2009 12:00am
French federation aware of Gasquet failed test

French federation aware of Gasquet failed test

The French tennis federation (FFT) is aware of a failed drugs test by Richard Gasquet but is awaiting official confirmation, the FFT said on Sunday. "The FFT has learnt of the positive test of Richard Gasquet at the Miami tournament, although no official
Published 11 May, 2009 12:00am
Pakistan beat India 3-2 to book semi-final spot

Pakistan beat India 3-2 to book semi-final spot

Aspiring youngster Haseem Khan struck a brace of field goals as Pakistan stormed into the semi-final of 8th Asia Cup Hockey Tournament from group B with a thrilling 3-2 victory against defending India at Wisma Belia Kuantan Hockey Stadium on Sunday.
Published 11 May, 2009 12:00am
ICC to review umpire referral system

ICC to review umpire referral system

The future of international cricket's controversial umpiring referral system will be up for discussion when a group of leading administrators gathers here at Lord's.
Published 11 May, 2009 12:00am
United back on top after win over Manchester City

United back on top after win over Manchester City

Manchester United strolled to a 2-0 defeat of Manchester City on Sunday to return to the top of the Premier League and closer to a record-equalling 18th title. Cristiano Ronaldo's deflected free kick and a superb strike by Carlos Tevez on the stroke of ha
Published 11 May, 2009 12:00am
England add Bell and Sidebottom to squad

England add Bell and Sidebottom to squad

England added batsman Ian Bell and left-arm quick Ryan Sidebottom to their squad on Sunday as they named a 13-man party for the second Test against the West Indies at Chester-le-Street starting Thursday. Bell and Sidebottom were the only additions to the
Published 11 May, 2009 12:00am
India's IPL hit by government's 'gambling and betting' slur

India's IPL hit by government's 'gambling and betting' slur

Indian Premier League chiefs were Sunday defending themselves against government charges that the lucrative Twenty20 event in South Africa was "encouraging gambling and betting." Sports minister Manohar Singh Gill lashed out at an IPL mobile phone SMS con
Published 11 May, 2009 12:00am
Duminy, Rahane keep Mumbai afloat in IPL

Duminy, Rahane keep Mumbai afloat in IPL

Mumbai Indians rode on a record stand by Jean-Paul Duminy and Ajinkya Rahane to beat Bangalore Royal Challengers by 16 runs in the Indian Premier League on Sunday. The duo put on 104 off 72 balls, the highest third-wicket partnership in the IPL, as Mumbai
Published 11 May, 2009 12:00am
Cash may keep Bangladesh rebels in ICL

Cash may keep Bangladesh rebels in ICL

Bangladesh's rebel cricketers want to accept an amnesty offered by the sport's authorities but lucrative deals with the Indian Cricket League (ICL) may force them to think twice, an ex-captain said Sunday.
Published 11 May, 2009 12:00am
Stress-tested banks may offer shares

Stress-tested banks may offer shares

A recent stock market rally may allow US banks to issue common shares to meet new capital requirements under stress tests, a possibility that was unthinkable just a few months ago. Those share offerings may be at discounts of 10 percent or more to current
Published 11 May, 2009 12:00am
Stress-tested banks may offer shares

Stress-tested banks may offer shares

A recent stock market rally may allow US banks to issue common shares to meet new capital requirements under stress tests, a possibility that was unthinkable just a few months ago. Those share offerings may be at discounts of 10 percent or more to current
Published 11 May, 2009 12:00am
Citigroup OK for now, may still face trouble

Citigroup OK for now, may still face trouble

Citigroup, long the problem child of the US banking industry, got a surprise boost on May 06 when it was disclosed government stress tests will require it to raise about $5 billion. The result could strengthen the position of embattled CEO Vikram Pandit,
Published 11 May, 2009 12:00am
DuPont slashes 2,000 more jobs

DuPont slashes 2,000 more jobs

Chemical giant DuPont announced on May 07 it was slashing 2,000 more jobs as part of its restructuring, on top of 2,500 layoffs in December. The company aims to "preserve our strong cash position, streamline and accelerate our approach to markets and bett
Published 11 May, 2009 12:00am
DuPont slashes 2,000 more jobs

DuPont slashes 2,000 more jobs

Chemical giant DuPont announced on May 07 it was slashing 2,000 more jobs as part of its restructuring, on top of 2,500 layoffs in December. The company aims to "preserve our strong cash position, streamline and accelerate our approach to markets and bett
Published 11 May, 2009 12:00am
Kraft first quarter profit beats expectations

Kraft first quarter profit beats expectations

Kraft Foods Inc posted a higher-than-expected first-quarter profit helped by price increases, cost-cutting measures and consumers eating at home more often to save money. Kraft, like some other food companies, has benefited from consumers eating at home m
Published 11 May, 2009 12:00am
Gulf airlines eye expansion, profits through crisis

Gulf airlines eye expansion, profits through crisis

Gulf airlines, owned by governments in the world's top oil-exporting region, said they would push ahead with major fleet and route expansions and post profits, despite a global downturn that has hit air travel.
Published 11 May, 2009 12:00am
Kraft first quarter profit beats expectations

Kraft first quarter profit beats expectations

Kraft Foods Inc posted a higher-than-expected first-quarter profit helped by price increases, cost-cutting measures and consumers eating at home more often to save money. Kraft, like some other food companies, has benefited from consumers eating at home m
Published 11 May, 2009 12:00am
BNP Paribas first quarter profits beat forecasts

BNP Paribas first quarter profits beat forecasts

BNP Paribas, France's biggest bank by market capitalisation, posted first-quarter profits well ahead of forecasts, helped by higher earnings at its retail and investment banking operations. Net profit fell 21 percent from last year to 1.56 billion euros (
Published 11 May, 2009 12:00am
BNP Paribas first quarter profits beat forecasts

BNP Paribas first quarter profits beat forecasts

BNP Paribas, France's biggest bank by market capitalisation, posted first-quarter profits well ahead of forecasts, helped by higher earnings at its retail and investment banking operations. Net profit fell 21 percent from last year to 1.56 billion euros (
Published 11 May, 2009 12:00am
Aviva may make comeback in Asia general insurance

Aviva may make comeback in Asia general insurance

Britain's Aviva Plc is considering a comeback in Asia's general insurance business, five years after it sold its regional operations to Japan's Mitsui Sumitomo Insurance Group (MSIG). "We are looking at our options around general insurance across a number
Published 11 May, 2009 12:00am
Marriott eyes more hotels in north Africa

Marriott eyes more hotels in north Africa

Marriott International is eyeing further expansion in North Africa, particularly Libya, as it strives to find growth areas in the global economic downturn, a senior executive said.
Published 11 May, 2009 12:00am
Emirates says to stick to plane orders, sees profit

Emirates says to stick to plane orders, sees profit

Dubai's Emirates airline is sticking to its order book and expects to post a profit in its financial year despite the global economic downturn, its chairman said. Emirates, the largest customer of the Airbus A380 with 58 aircraft on order, expects to rece
Published 11 May, 2009 12:00am
Emirates says to stick to plane orders, sees profit

Emirates says to stick to plane orders, sees profit

Dubai's Emirates airline is sticking to its order book and expects to post a profit in its financial year despite the global economic downturn, its chairman said. Emirates, the largest customer of the Airbus A380 with 58 aircraft on order, expects to rece
Published 11 May, 2009 12:00am
Michelin steers iPhone users to fine dining

Michelin steers iPhone users to fine dining

Venerable dining guide Michelin on May 4 expanded its menu of iPhone applications that steer users of the popular Apple smartphones to fine restaurants in cities they may be roaming.
Published 11 May, 2009 12:00am
IN SHORT: Google tightens bonds with YouTube users

IN SHORT: Google tightens bonds with YouTube users

Google is routing YouTube users further into the online search giant's Internet world. People signing up for YouTube accounts automatically get matching Google accounts, YouTube software engineer James Phillips said in an official blog post on Thursday an
Published 11 May, 2009 12:00am
Hewlett-Packard, RIM form Blackberry alliance

Hewlett-Packard, RIM form Blackberry alliance

US computer giant Hewlett-Packard and Canada's Research In Motion (RIM) announced an alliance on May 4 to provide applications and services for the popular Blackberry smartphone. HP and RIM, in a joint statement, said the services being offered included g
Published 11 May, 2009 12:00am
Windows 7 raises complaints from rivals: Financial Times

Windows 7 raises complaints from rivals: Financial Times

Microsoft Corp's next version of Windows is stirring fresh complaints of anti-competitive behaviour from rivals who say the new version of the operating system gives unfair advantage to Microsoft's Internet Explorer browser, the Financial Times rep
Published 11 May, 2009 12:00am
Amazon's new electronic book aims at newspapers, textbooks

Amazon's new electronic book aims at newspapers, textbooks

Online retail giant Amazon.com unveiled a large-screen version of its popular Kindle electronic reader on Wednesday designed for newspapers, magazines and textbooks. The Kindle DX costs 489 dollars and features a screen, which at 9.7 inches (24.6 centimet
Published 11 May, 2009 12:00am
Spam down but 'zombie' armies growing: McAfee

Spam down but 'zombie' armies growing: McAfee

Hackers appear to be beefing up armies of "zombie" computers to recover from a major hit scored in the battle against spam email, according to software security firm McAfee. A McAfee report said that during the first three months of this year, nearly 12 m
Published 11 May, 2009 12:00am
Jimmy Fallon takes top Webby award

Jimmy Fallon takes top Webby award

Comedian Jimmy Fallon, who put his act through a test drive on the Internet before unveiling his late-night talk show on television, won a Webby Award on Tuesday as the Internet's "Person of the Year."
Published 11 May, 2009 12:00am
Blackberry Curve tops iPhone in first quarter: NPD

Blackberry Curve tops iPhone in first quarter: NPD

Research in Motion's Blackberry Curve moved past Apple's iPhone to become the top-selling smartphone in the United States in the first quarter of the year, research firm NPD Group reported on Monday. NPD said a "buy-one-get-one" promotion by carrier Veriz
Published 11 May, 2009 12:00am
Hackers taking advantage of Windows 7: Microsoft

Hackers taking advantage of Windows 7: Microsoft

Microsoft said on May 7 that cyber-criminals are already hawking booby-trapped versions of just-released Windows 7 operating system software. "It's so important for customers to get their copies of Windows from a trusted source," Joe Williams, general man
Published 11 May, 2009 12:00am
World gets opportunity to test Windows 7 software

World gets opportunity to test Windows 7 software

A nearly-final version of Windows 7 made its world debut on May 5, giving people a chance to tell Microsoft what they love or hate about the new-generation operating system.
Published 11 May, 2009 12:00am
Wireless HD video gets boost from WiGig alliance

Wireless HD video gets boost from WiGig alliance

Technology titans on May 6 announced an alliance to promote a Wireless Gigabit (WiGig) standard predicted to one day let people beam high-definition (HD) video to home television sets.
Published 11 May, 2009 12:00am
Cloud software matures as economy boosts allure

Cloud software matures as economy boosts allure

Web-based business software sales are growing briskly, even as most of the industry stalls, as the segment pioneered by Salesforce.com Inc benefits from the weak economy and fading concerns about security. Gartner Research now expects 2009 sales of so-cal
Published 11 May, 2009 12:00am
Technology entrepreneurs training academy to open

Technology entrepreneurs training academy to open

An online community devoted to helping start-ups duel with venture capitalists is opening an institute to train technology entrepreneurs how to build top-notch businesses.
Published 11 May, 2009 12:00am
Virtual Earth gets 3D Photosynth views

Virtual Earth gets 3D Photosynth views

Microsoft on May 7 enhanced its Virtual Earth online mapping service with Photosynth technology that melds pictures to create 3D views of places and spaces. The move allows businesses or government agencies to provide virtual tours of locations displayed
Published 11 May, 2009 12:00am
Arctic thaw may slow crackdown on toxic chemicals

Arctic thaw may slow crackdown on toxic chemicals

A thaw of the Arctic linked to global warming may slow a drive to get rid of industrial chemicals that are harming indigenous people and wildlife, an expert said.
Published 11 May, 2009 12:00am
Asia Pacific countries start disaster drills

Asia Pacific countries start disaster drills

Nearly 300 rescue workers began disaster-response drills that included a mock high-seas rescue of passengers from a sunken ship, reflecting Asia's deepening concern over a series of deadly natural disasters.
Published 11 May, 2009 12:00am
'Tibet threatened by global warming'

'Tibet threatened by global warming'

China's top weather official warned that Tibet was threatened by global warming, which could cause floods and droughts endangering millions in the nation's west, state media reported. "The impact of global warming has accelerated glacial shrinkage, and th
Published 11 May, 2009 12:00am
Biofuels firms brace for impact of new EPA rules

Biofuels firms brace for impact of new EPA rules

Start-up biofuels companies say new regulations from Washington could have a big impact on which technologies prosper in a US push for cleaner energy, and they are preparing to make their voices heard.
Published 11 May, 2009 12:00am
Toxic hotspots affect 600 million in developing world

Toxic hotspots affect 600 million in developing world

As many as 600 million people will die early from exposure to industrial waste, most of them in the developing world, the head of a non-profit group warned. Tanneries, mines and car battery recycling sites are often "toxic hotspots" in developing countrie
Published 11 May, 2009 12:00am
North Korea military in control of state spy body

North Korea military in control of state spy body

North Korea's military now controls a state intelligence body involved in illicit operations to generate funds through money counterfeiting and weapons exports, a report said Sunday. In a recent shake-up, the ruling communist party put a key organisation
Published 11 May, 2009 12:00am
IAEA warns against overuse of CT scans

IAEA warns against overuse of CT scans

The International Atomic Energy Agency (IAEA), said on April 29 it was worried that patients receive too much radiation because of the overuse of computed tomography (CT) scans, proposed measures to apply the technique more sparingly. The CT imaging techn
Published 11 May, 2009 12:00am
Acupuncture can ease side effect of radiation

Acupuncture can ease side effect of radiation

When people with head or neck cancer are treated with radiation, a common side effect is dry mouth, and now researchers have shown that the problem can be relieved by acupuncture. Excessive dryness of the mouth is technically termed xerostomia.
Published 11 May, 2009 12:00am
Afghan students protest against civilian casualties

Afghan students protest against civilian casualties

Chanting "Death to America!" and weeping as they prayed, hundreds of Kabul university students marched on Sunday in protest against US air strikes last week that Afghan officials say killed more than 100 civilians.
Published 11 May, 2009 12:00am
Bangladesh Prime Minister's late husband buried

Bangladesh Prime Minister's late husband buried

Tens of thousands of Bangladeshis on Sunday joined funeral prayers at Dhaka's largest mosque for the husband of Prime Minister Sheikh Hasina, who died following a long illness. President Zillur Rahman led tributes to nuclear scientist M.A. Wazed Mia, who
Published 11 May, 2009 12:00am
More than 25 terror suspects subjected to sleep deprivation

More than 25 terror suspects subjected to sleep deprivation

More than 25 of the CIA's war-on-terror prisoners were subjected to sleep deprivation during the administration of former president George W. Bush, The Los Angeles Times reported late Saturday. Citing memoranda made public by the Justice Department, the n
Published 11 May, 2009 12:00am
US won't stop air strikes despite Afghan anger

US won't stop air strikes despite Afghan anger

The United States will not hamper its forces in Afghanistan by banning air strikes but will redouble efforts to limit civilian casualties, National Security Advisor James Jones said Sunday.
Published 11 May, 2009 12:00am
Lufthansa plane diverted after 14 hurt by turbulence

Lufthansa plane diverted after 14 hurt by turbulence

Fourteen passengers were injured when a Lufthansa flight from Germany to Portugal hit unexpected turbulence over the Alps and had to land in Switzerland, a company spokeswoman said Sunday. Among the passengers on the Munich to Lisbon flight were the Presi
Published 11 May, 2009 12:00am
Pope urges Jordan Catholics to keep faith amid strife

Pope urges Jordan Catholics to keep faith amid strife

Pope Benedict urged Jordan's tiny Catholic community on Sunday to preserve their ancient faith and traditions amid the turbulence of the Middle East and work with other religions to enrich their daily lives.
Published 11 May, 2009 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 04 to 09 2009).

Published 11 May, 2009 12:00am
The Weather

The Weather

The weather report on Sunday (May 10, 2009) and the forecast for Monday (May 11, 2009).

Published 11 May, 2009 12:00am
Egypt's Orascom Telecom buys $140 million of Mobilink's debt

Egypt's Orascom Telecom buys $140 million of Mobilink's debt

Egypt's Orascom Telecom said on Sunday its Pakistan unit had repurchased up to $140 million in senior notes at a 27 percent discount to face value. The unit, Pakistan Mobile Communications Limited (Mobilink), will spend around $100.6 million to buy back a
Published 11 May, 2009 12:00am
Egypt's Orascom Telecom buys $140 million of Mobilink's debt

Egypt's Orascom Telecom buys $140 million of Mobilink's debt

Egypt's Orascom Telecom said on Sunday its Pakistan unit had repurchased up to $140 million in senior notes at a 27 percent discount to face value. The unit, Pakistan Mobile Communications Limited (Mobilink), will spend around $100.6 million to buy back a
Published 11 May, 2009 12:00am
Pak-US navies holding joint exercise

Pak-US navies holding joint exercise

The US and Pakistani Naval forces are conducting bilateral exercise code named, "Inspired Union" and "Inspired Response" from May 10 to 20. An ISPR (Navy) press release issued here on Sunday said that these exercises are a yearly feature meant to enhance
Published 11 May, 2009 12:00am
Pak-US navies holding joint exercise

Pak-US navies holding joint exercise

The US and Pakistani Naval forces are conducting bilateral exercise code named, "Inspired Union" and "Inspired Response" from May 10 to 20. An ISPR (Navy) press release issued here on Sunday said that these exercises are a yearly feature meant to enhance
Published 11 May, 2009 12:00am
Egypt''s Orascom Telecom buys $140 million of Mobilink''s debt

Egypt''s Orascom Telecom buys $140 million of Mobilink''s debt

Egypt''s Orascom Telecom said on Sunday its Pakistan unit had repurchased up to $140 million in senior notes at a 27 percent discount to face value. The unit, Pakistan Mobile Communications Limited (Mobilink), will spend around $100.6 million to buy back
Published 11 May, 2009 12:00am
Balochistan may not present budget if demands not met: minister

Balochistan may not present budget if demands not met: minister

Balochistan finance minister Muhammad Asim Kurd Gailu said on Sunday that if the federal government did not fulfil the demands of the cash-strapped Balochistan then it would be difficult for the province to present its next fiscal budget.
Published 11 May, 2009 12:00am
Kashmiris urged to boycott 5th phase of polls

Kashmiris urged to boycott 5th phase of polls

APHC leader and the Chairman of National Front in occupied Kashmir, Nayeem Ahmad Khan has appealed the people of Kashmir to totally boycott the fifth phase of Indian parliamentary elections to be conducted on Wednesday.
Published 11 May, 2009 12:00am
Politicians' apathy towards plight of IDPs

Politicians' apathy towards plight of IDPs

Almost all the political parties and their leaders are not showing their commitment to displaced persons from troubled Malakand region as the political leaders are avoiding directly meeting with the affected people for security reasons. This behaviour of
Published 11 May, 2009 12:00am
National Assembly meets today to discuss Malakand operation

National Assembly meets today to discuss Malakand operation

The National Assembly will here today (Monday) to discuss the fresh offensive against the militants, who challenged the writ of the government in Malakand division and areas of Fata despite signing a peace agreement with the government.
Published 11 May, 2009 12:00am
Bio-diesel production plan from Jatropha not viable: experts

Bio-diesel production plan from Jatropha not viable: experts

The plan of the government to produce bio-diesel from Jatropha is not considered a viable proposition, as compared to the safflower due to cost and crop duration. Sources in the Ministry of Food and Agriculture (Minfa) said that a few "short-sighted" poli
Published 11 May, 2009 12:00am
PPP Punjab body to convene meeting on May 13

PPP Punjab body to convene meeting on May 13

The PPP Punjab Executive committee has decided to convene the party meeting on May 13 to chalk out a comprehensive strategy for the upcoming local government election.
Published 11 May, 2009 12:00am
Imran succeeds in visiting Karachi after two years

Imran succeeds in visiting Karachi after two years

Pakistan Tehreek-e-Insaf Chairman Imran Khan on Sunday at last after a period of two years succeeded to visit Karachi. Talking to reporters at Islamabad Airport he said that it was his right to visit Karachi and other parts of Sindh province.
Published 11 May, 2009 12:00am
Sajid Mir sees foreign hands in disturbances

Sajid Mir sees foreign hands in disturbances

Senator Professor Sajid Mir has alleged that foreign hands were trying to create disturbance in Swat and Balochistan through subversive activities. Paid agents of India, America and Israel were active and busy in creating disorder for their personal gains
Published 11 May, 2009 12:00am
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