AIRLINK 150.25 Increased By ▲ 13.66 (10%)
BOP 10.12 Increased By ▲ 1.00 (10.96%)
CNERGY 7.42 Increased By ▲ 1.00 (15.58%)
CPHL 71.13 Increased By ▲ 6.47 (10.01%)
FCCL 45.71 Increased By ▲ 4.16 (10.01%)
FFL 14.34 Increased By ▲ 1.30 (9.97%)
FLYNG 37.15 Increased By ▲ 3.38 (10.01%)
HUBC 138.35 Increased By ▲ 12.58 (10%)
HUMNL 12.40 Increased By ▲ 1.00 (8.77%)
KEL 4.56 Increased By ▲ 0.55 (13.72%)
KOSM 4.99 Increased By ▲ 1.00 (25.06%)
MLCF 69.65 Increased By ▲ 6.33 (10%)
OGDC 203.01 Increased By ▲ 18.46 (10%)
PACE 5.38 Increased By ▲ 0.96 (21.72%)
PAEL 44.24 Increased By ▲ 4.02 (10%)
PIAHCLA 13.45 Increased By ▲ 1.22 (9.98%)
PIBTL 8.62 Increased By ▲ 1.00 (13.12%)
POWER 14.96 Increased By ▲ 1.09 (7.86%)
PPL 152.75 Increased By ▲ 13.89 (10%)
PRL 27.02 Increased By ▲ 2.46 (10.02%)
PTC 19.29 Increased By ▲ 1.75 (9.98%)
SEARL 75.06 Increased By ▲ 6.82 (9.99%)
SSGC 30.46 Increased By ▲ 2.77 (10%)
SYM 13.95 Increased By ▲ 1.27 (10.02%)
TELE 6.93 Increased By ▲ 0.99 (16.67%)
TPLP 8.00 Increased By ▲ 1.00 (14.29%)
TRG 61.90 Increased By ▲ 5.63 (10.01%)
WAVESAPP 8.94 Increased By ▲ 1.00 (12.59%)
WTL 1.31 Increased By ▲ 0.15 (12.93%)
YOUW 3.75 Increased By ▲ 0.54 (16.82%)
AIRLINK 150.25 Increased By ▲ 13.66 (10%)
BOP 10.12 Increased By ▲ 1.00 (10.96%)
CNERGY 7.42 Increased By ▲ 1.00 (15.58%)
CPHL 71.13 Increased By ▲ 6.47 (10.01%)
FCCL 45.71 Increased By ▲ 4.16 (10.01%)
FFL 14.34 Increased By ▲ 1.30 (9.97%)
FLYNG 37.15 Increased By ▲ 3.38 (10.01%)
HUBC 138.35 Increased By ▲ 12.58 (10%)
HUMNL 12.40 Increased By ▲ 1.00 (8.77%)
KEL 4.56 Increased By ▲ 0.55 (13.72%)
KOSM 4.99 Increased By ▲ 1.00 (25.06%)
MLCF 69.65 Increased By ▲ 6.33 (10%)
OGDC 203.01 Increased By ▲ 18.46 (10%)
PACE 5.38 Increased By ▲ 0.96 (21.72%)
PAEL 44.24 Increased By ▲ 4.02 (10%)
PIAHCLA 13.45 Increased By ▲ 1.22 (9.98%)
PIBTL 8.62 Increased By ▲ 1.00 (13.12%)
POWER 14.96 Increased By ▲ 1.09 (7.86%)
PPL 152.75 Increased By ▲ 13.89 (10%)
PRL 27.02 Increased By ▲ 2.46 (10.02%)
PTC 19.29 Increased By ▲ 1.75 (9.98%)
SEARL 75.06 Increased By ▲ 6.82 (9.99%)
SSGC 30.46 Increased By ▲ 2.77 (10%)
SYM 13.95 Increased By ▲ 1.27 (10.02%)
TELE 6.93 Increased By ▲ 0.99 (16.67%)
TPLP 8.00 Increased By ▲ 1.00 (14.29%)
TRG 61.90 Increased By ▲ 5.63 (10.01%)
WAVESAPP 8.94 Increased By ▲ 1.00 (12.59%)
WTL 1.31 Increased By ▲ 0.15 (12.93%)
YOUW 3.75 Increased By ▲ 0.54 (16.82%)
BR100 12,402 Increased By 1161.5 (10.33%)
BR30 35,560 Increased By 3425.8 (10.66%)
KSE100 117,298 Increased By 10123.1 (9.45%)
KSE30 35,839 Increased By 3190.7 (9.77%)
May 13, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-06-01
SECP penalising return filers before amnesty scheme

SECP penalising return filers before amnesty scheme

The Securities and Exchange Commission of Pakistan (SECP) is penalising those companies, which had filed returns before re-launch of an amnesty scheme namely 'Companies Regularisation Scheme', raising disenchantment among companies. This was stated in a l
Published 01 Jun, 2009 12:00am
Shahbaz chairs meeting Development projects under ADP reviewed

Shahbaz chairs meeting Development projects under ADP reviewed

A high level meeting was held here on Sunday under the chairmanship of Punjab Chief Minister, Muhammad Shahbaz Sharif to review development projects under Annual Development Programme and set priorities for the next year. Chief Secretary Punjab, Chairman
Published 01 Jun, 2009 12:00am
'Action to be taken against sellers of uncertified cottonseed'

'Action to be taken against sellers of uncertified cottonseed'

Minister for Agriculture Punjab Malik Ahmad Ali Aulakh has directed his department to take strict action against people involved in sale of substandard and uncertified poor quality cotton seed, as cotton has already been sown over 85 percent of the target
Published 01 Jun, 2009 12:00am
Pepco announces suspension of load shedding

Pepco announces suspension of load shedding

Some respite is in the sight for power consumers as Managing Director Pakistan Electric Power Company (PEPCO), Tahir Basharat Cheema has announced immediate halt in load shedding to be continued for next two days. Talking to private TV channel he said, on
Published 01 Jun, 2009 12:00am
23-member medical team reaches Mardan to help IDPs

23-member medical team reaches Mardan to help IDPs

A 23-member medical team from the Jinnah Hospital Lahore along with medicines worth millions of rupees has reached Mardan to help the Internally Displaced Persons. Professor of Gynaecology, Dr Umat Ullah Zareen, is heading the team, comprising doctors, nu
Published 01 Jun, 2009 12:00am
FBR clarification

FBR clarification

The Federal Board of Revenue (FBR) has clarified that it is the responsibility of the taxpayers to make adjustments of debit and credit notes in the "summary of purchases and salles" submitted electronically Sources told Business Recorder here on S
Published 01 Jun, 2009 12:00am
Mushroom growth of illegal Gyms goes unchecked

Mushroom growth of illegal Gyms goes unchecked

Dozens of bodybuilding clubs operating in the twins cities in different residential and industrial areas, where a large number of clubs are illegal and unknown by the authorities and local bodybuilding associations.
Published 01 Jun, 2009 12:00am
MONEY WEEK: skyrocketing increase in borrowing for commodity operations

MONEY WEEK: skyrocketing increase in borrowing for commodity operations

Government borrowing for commodity operations went skyrocketing by mid-May 2009. At its level on May 16, 2009, it showed an increase of Rs 152.5 billion over the level achieved in FY08, when the outstanding level was a little over Rs 127.5 billion, involv
Published 01 Jun, 2009 12:00am
MONEY WEEK: skyrocketing increase in borrowing for commodity operations

MONEY WEEK: skyrocketing increase in borrowing for commodity operations

Government borrowing for commodity operations went skyrocketing by mid-May 2009. At its level on May 16, 2009, it showed an increase of Rs 152.5 billion over the level achieved in FY08, when the outstanding level was a little over Rs 127.5 billion, involv
Published 01 Jun, 2009 12:00am
MONEY WEEK: skyrocketing increase in borrowing for commodity operations

MONEY WEEK: skyrocketing increase in borrowing for commodity operations

Government borrowing for commodity operations went skyrocketing by mid-May 2009. At its level on May 16, 2009, it showed an increase of Rs 152.5 billion over the level achieved in FY08, when the outstanding level was a little over Rs 127.5 billion, involv
Published 01 Jun, 2009 12:00am
Pak-India Indus Water Commission meeting begins

Pak-India Indus Water Commission meeting begins

A three-day annual meeting of Pak-India Permanent Indus Water Commission began here on Sunday to discuss matters relating to flow of water in rivers, exchange of data and early flood warning system. Pakistan Indus Water Commissioner Syed Jamaat Ali Shah l
Published 01 Jun, 2009 12:00am
Pak-India Indus Water Commission meeting begins

Pak-India Indus Water Commission meeting begins

A three-day annual meeting of Pak-India Permanent Indus Water Commission began here on Sunday to discuss matters relating to flow of water in rivers, exchange of data and early flood warning system. Pakistan Indus Water Commissioner Syed Jamaat Ali Shah l
Published 01 Jun, 2009 12:00am
Pak-India Indus Water Commission meeting begins

Pak-India Indus Water Commission meeting begins

A three-day annual meeting of Pak-India Permanent Indus Water Commission began here on Sunday to discuss matters relating to flow of water in rivers, exchange of data and early flood warning system. Pakistan Indus Water Commissioner Syed Jamaat Ali Shah l
Published 01 Jun, 2009 12:00am
Obama seeks new start with Muslim world

Obama seeks new start with Muslim world

President Barack Obama will journey to the center of Arab-Muslim civilisation this week, to begin the daunting task of draining deep mistrust of the United States felt across the Islamic world. In Egypt on Thursday, Obama will make a personal address to t
Published 01 Jun, 2009 12:00am
Obama seeks new start with Muslim world

Obama seeks new start with Muslim world

President Barack Obama will journey to the center of Arab-Muslim civilisation this week, to begin the daunting task of draining deep mistrust of the United States felt across the Islamic world. In Egypt on Thursday, Obama will make a personal address to t
Published 01 Jun, 2009 12:00am
Rape and murder of two women: Geelani calls for strike today

Rape and murder of two women: Geelani calls for strike today

Hurriyat Conference (G), chairman Syed Ali Geelani has called for strike and peaceful protests today (Monday) against the rape and murder of two women in Shopian allegedly by armed forces. Geelani told Greater Kashmir: "This incident is part of the state'
Published 01 Jun, 2009 12:00am
Mixed sentiment persists on LSE

Mixed sentiment persists on LSE

Mixed sentiment persisted on Lahore Stock Exchange during the week ended on May 30, 2009 and the equities moved up and down throughout the week while the index managed a gain of 34.84 points on account of some buying by individual investors as well as ins
Published 01 Jun, 2009 12:00am
Mixed sentiment persists on LSE

Mixed sentiment persists on LSE

Mixed sentiment persisted on Lahore Stock Exchange during the week ended on May 30, 2009 and the equities moved up and down throughout the week while the index managed a gain of 34.84 points on account of some buying by individual investors as well as ins
Published 01 Jun, 2009 12:00am
SECP proposes cut in companies'' income tax rate

SECP proposes cut in companies'' income tax rate

The Securities and Exchange Commission of Pakistan (SECP) has proposed reduction in tax rates for companies from 35 percent to 30 percent in the 2009-10 budget.
Published 01 Jun, 2009 12:00am
SECP proposes cut in companies' income tax rate

SECP proposes cut in companies' income tax rate

The Securities and Exchange Commission of Pakistan (SECP) has proposed reduction in tax rates for companies from 35 percent to 30 percent in the 2009-10 budget.
Published 01 Jun, 2009 12:00am
37 percent decline in investment from CFS

37 percent decline in investment from CFS

Investment under CFS declined by 37 percent during the week ended on May 20, 2009 to Rs 104 million on Friday from Rs 167 million a week earlier.
Published 01 Jun, 2009 12:00am
SECP proposes cut in companies' income tax rate

SECP proposes cut in companies' income tax rate

The Securities and Exchange Commission of Pakistan (SECP) has proposed reduction in tax rates for companies from 35 percent to 30 percent in the 2009-10 budget.
Published 01 Jun, 2009 12:00am
37 percent decline in investment from CFS

37 percent decline in investment from CFS

Investment under CFS declined by 37 percent during the week ended on May 20, 2009 to Rs 104 million on Friday from Rs 167 million a week earlier.
Published 01 Jun, 2009 12:00am
37 percent decline in investment from CFS

37 percent decline in investment from CFS

Investment under CFS declined by 37 percent during the week ended on May 20, 2009 to Rs 104 million on Friday from Rs 167 million a week earlier.
Published 01 Jun, 2009 12:00am
Upward trend continued

Upward trend continued

Despite terrorist attacks in Lahore and Peshawar, the Karachi share market continued its upward trend during the week ended on May 30, 2009 on the back of cut in Pakistan Investment Bond (PIB) yields, Pak-Iran gas pipeline deal and the Supreme Courts deci
Published 01 Jun, 2009 12:00am
Upward trend continued

Upward trend continued

Despite terrorist attacks in Lahore and Peshawar, the Karachi share market continued its upward trend during the week ended on May 30, 2009 on the back of cut in Pakistan Investment Bond (PIB) yields, Pak-Iran gas pipeline deal and the Supreme Courts deci
Published 01 Jun, 2009 12:00am
Upward trend continued

Upward trend continued

Despite terrorist attacks in Lahore and Peshawar, the Karachi share market continued its upward trend during the week ended on May 30, 2009 on the back of cut in Pakistan Investment Bond (PIB) yields, Pak-Iran gas pipeline deal and the Supreme Courts deci
Published 01 Jun, 2009 12:00am
'Pakistan banking system has potential for substantial growth'

'Pakistan banking system has potential for substantial growth'

Governor State Bank of Pakistan (SBP) Syed Salim Raza on Sunday said that foreign investors (Orascom) were keen to acquire RBS operation, which reflects that Pakistan banking system still has great potential to grow more and attract foreign investment.
Published 01 Jun, 2009 12:00am
FBR told to stop harassment of taxpayers

FBR told to stop harassment of taxpayers

The Advisor to Prime Minister on Finance, Shaukat Tarin, said here on Sunday that no new tax will be imposed in the upcoming budget. However, the government will focus on broadening the tax base, and more sectors would be brought under the tax net, he add
Published 01 Jun, 2009 12:00am
FBR told to stop harassment of taxpayers

FBR told to stop harassment of taxpayers

The Advisor to Prime Minister on Finance, Shaukat Tarin, said here on Sunday that no new tax will be imposed in the upcoming budget. However, the government will focus on broadening the tax base, and more sectors would be brought under the tax net, he add
Published 01 Jun, 2009 12:00am
FBR told to stop harassment of taxpayers

FBR told to stop harassment of taxpayers

The Advisor to Prime Minister on Finance, Shaukat Tarin, said here on Sunday that no new tax will be imposed in the upcoming budget. However, the government will focus on broadening the tax base, and more sectors would be brought under the tax net, he add
Published 01 Jun, 2009 12:00am
Locations for RoZs: consultations started with NWFP and Balochistan

Locations for RoZs: consultations started with NWFP and Balochistan

Commerce Ministry is reported to have started consultations with provincial governments to finalise the locations for the much talked about Reconstruction Opportunity Zones (RoZs), to be established in NWFP and Balochistan, bordering Afghanistan, official
Published 01 Jun, 2009 12:00am
Locations for RoZs: consultations started with NWFP and Balochistan

Locations for RoZs: consultations started with NWFP and Balochistan

Commerce Ministry is reported to have started consultations with provincial governments to finalise the locations for the much talked about Reconstruction Opportunity Zones (RoZs), to be established in NWFP and Balochistan, bordering Afghanistan, official
Published 01 Jun, 2009 12:00am
Locations for RoZs: consultations started with NWFP and Balochistan

Locations for RoZs: consultations started with NWFP and Balochistan

Commerce Ministry is reported to have started consultations with provincial governments to finalise the locations for the much talked about Reconstruction Opportunity Zones (RoZs), to be established in NWFP and Balochistan, bordering Afghanistan, official
Published 01 Jun, 2009 12:00am
THE RUPEE: sharp losses

THE RUPEE: sharp losses

The rupee tumbled and suffered sharp losses against dollar on both the open and the interbank markets during the week ended on May 30, 2009. On the interbank market, the rupee lost 75 paisa versus dollar for buying and selling at 81.15 and 81.20 respectiv
Published 01 Jun, 2009 12:00am
THE RUPEE: sharp losses

THE RUPEE: sharp losses

The rupee tumbled and suffered sharp losses against dollar on both the open and the interbank markets during the week ended on May 30, 2009. On the interbank market, the rupee lost 75 paisa versus dollar for buying and selling at 81.15 and 81.20 respectiv
Published 01 Jun, 2009 12:00am
Last Titanic survivor dies

Last Titanic survivor dies

Millvina Dean, the last remaining survivor of the Titanic, died Sunday at a care home in England where the lived, the BBC reported, citing a unnamed friend. She was 97. Dean was a two-month-old baby and her family were emigrating to Kansas in the United S
Published 01 Jun, 2009 12:00am
Prime Minister's daughter collects Rs 23.5 million for IDPs

Prime Minister's daughter collects Rs 23.5 million for IDPs

An amount of Rs 23.5 million was collected for the Internally Displaced People (IDPs) of Swat and Malakand Division at a fund raising dinner, hosted by the Prime Minister's daughter, Syeda Fizzah Batool Gilani at the Royal Palm Golf and Country Club here
Published 01 Jun, 2009 12:00am
Last Titanic survivor dies

Last Titanic survivor dies

Millvina Dean, the last remaining survivor of the Titanic, died Sunday at a care home in England where the lived, the BBC reported, citing a unnamed friend. She was 97. Dean was a two-month-old baby and her family were emigrating to Kansas in the United S
Published 01 Jun, 2009 12:00am
General Motors closer to bankruptcy as bondholders smooth way

General Motors closer to bankruptcy as bondholders smooth way

General Motors Corp and the US government finalised plans on Sunday for the battered automaker to reorganise, as a majority of debtholders helped clear the way to a massive bankruptcy filing expected on Monday.
Published 01 Jun, 2009 12:00am
General Motors closer to bankruptcy as bondholders smooth way

General Motors closer to bankruptcy as bondholders smooth way

General Motors Corp and the US government finalised plans on Sunday for the battered automaker to reorganise, as a majority of debtholders helped clear the way to a massive bankruptcy filing expected on Monday.
Published 01 Jun, 2009 12:00am
General Motors closer to bankruptcy as bondholders smooth way

General Motors closer to bankruptcy as bondholders smooth way

General Motors Corp and the US government finalised plans on Sunday for the battered automaker to reorganise, as a majority of debtholders helped clear the way to a massive bankruptcy filing expected on Monday.
Published 01 Jun, 2009 12:00am
General Motors closer to bankruptcy as bondholders smooth way

General Motors closer to bankruptcy as bondholders smooth way

General Motors Corp and the US government finalised plans on Sunday for the battered automaker to reorganise, as a majority of debtholders helped clear the way to a massive bankruptcy filing expected on Monday.
Published 01 Jun, 2009 12:00am
POL products prices to remain unchanged

POL products prices to remain unchanged

Oil and Gas Regulatory Authority (OGRA) on Sunday notified that the maximum ex-depot sale prices of petroleum products effective from Monday June 1 will remain unchanged. According to notification issued by OGRA, the prices were kept unchanged on advice o
Published 01 Jun, 2009 12:00am
POL products prices to remain unchanged

POL products prices to remain unchanged

Oil and Gas Regulatory Authority (OGRA) on Sunday notified that the maximum ex-depot sale prices of petroleum products effective from Monday June 1 will remain unchanged. According to notification issued by OGRA, the prices were kept unchanged on advice o
Published 01 Jun, 2009 12:00am
POL products prices to remain unchanged

POL products prices to remain unchanged

Oil and Gas Regulatory Authority (OGRA) on Sunday notified that the maximum ex-depot sale prices of petroleum products effective from Monday June 1 will remain unchanged. According to notification issued by OGRA, the prices were kept unchanged on advice o
Published 01 Jun, 2009 12:00am
South Korea to host ASEAN summit overshadowed by North Korea threat

South Korea to host ASEAN summit overshadowed by North Korea threat

South Korea will Monday host one of its biggest-ever diplomatic gatherings, overshadowed by the growing security threat from North Korea. Seoul planned the ASEAN-Korea Commemorative Summit to promote its "New Asia Initiative" to strengthen its ties with t
Published 01 Jun, 2009 12:00am
South Korea to host ASEAN summit overshadowed by North Korea threat

South Korea to host ASEAN summit overshadowed by North Korea threat

South Korea will Monday host one of its biggest-ever diplomatic gatherings, overshadowed by the growing security threat from North Korea. Seoul planned the ASEAN-Korea Commemorative Summit to promote its "New Asia Initiative" to strengthen its ties with t
Published 01 Jun, 2009 12:00am
NCEL foreign clients allowed to trade through SCRA accounts

NCEL foreign clients allowed to trade through SCRA accounts

In a major development for commodity trading in Pakistan, the State Bank of Pakistan has allowed foreign clients of National Commodity Exchange Limited (NCEL) to trade at the exchange through Special Convertible Rupee Account (SCRA) accounts, sources told
Published 01 Jun, 2009 12:00am
NCEL foreign clients allowed to trade through SCRA accounts

NCEL foreign clients allowed to trade through SCRA accounts

In a major development for commodity trading in Pakistan, the State Bank of Pakistan has allowed foreign clients of National Commodity Exchange Limited (NCEL) to trade at the exchange through Special Convertible Rupee Account (SCRA) accounts, sources told
Published 01 Jun, 2009 12:00am
NCEL foreign clients allowed to trade through SCRA accounts

NCEL foreign clients allowed to trade through SCRA accounts

In a major development for commodity trading in Pakistan, the State Bank of Pakistan has allowed foreign clients of National Commodity Exchange Limited (NCEL) to trade at the exchange through Special Convertible Rupee Account (SCRA) accounts, sources told
Published 01 Jun, 2009 12:00am
KSE directed to establish unified trading platform

KSE directed to establish unified trading platform

The Competition Commission of Pakistan (CCP) has directed Karachi Stock Exchange (KSE) to establish a Singular Unified Trading Platform for the central execution of the trading orders of all the stock exchanges within six months period.
Published 01 Jun, 2009 12:00am
KSE directed to establish unified trading platform

KSE directed to establish unified trading platform

The Competition Commission of Pakistan (CCP) has directed Karachi Stock Exchange (KSE) to establish a Singular Unified Trading Platform for the central execution of the trading orders of all the stock exchanges within six months period.
Published 01 Jun, 2009 12:00am
KSE directed to establish unified trading platform

KSE directed to establish unified trading platform

The Competition Commission of Pakistan (CCP) has directed Karachi Stock Exchange (KSE) to establish a Singular Unified Trading Platform for the central execution of the trading orders of all the stock exchanges within six months period.
Published 01 Jun, 2009 12:00am
Climate change causes 315,000 deaths a year

Climate change causes 315,000 deaths a year

Climate change kills about 315,000 people a year through hunger, sickness and weather disasters, and the annual death toll is expected to rise to half a million by 2030, a report said on May 29.
Published 01 Jun, 2009 12:00am
Inventory bounce may boost Europe's economy

Inventory bounce may boost Europe's economy

A record contraction in Europe's economy in the first quarter of 2009 showed the region mired in its worst recession since World War Two. But the very speed of the drop may lead to a tentative recovery in coming months. Worried companies have idled produc
Published 01 Jun, 2009 12:00am
Japan's Nikon to cut 1,000 jobs

Japan's Nikon to cut 1,000 jobs

Japanese camera and precision equipment maker Nikon Corp said on May 26 that it would cut about 1,000 jobs, mostly at its domestic plants, as it braces for a loss this year. Nikon said it would overhaul its operations making devices for use in the product
Published 01 Jun, 2009 12:00am
Japan's Nikon to cut 1,000 jobs

Japan's Nikon to cut 1,000 jobs

Japanese camera and precision equipment maker Nikon Corp said on May 26 that it would cut about 1,000 jobs, mostly at its domestic plants, as it braces for a loss this year. Nikon said it would overhaul its operations making devices for use in the product
Published 01 Jun, 2009 12:00am
UI wants to repeat earnings despite acquisition

UI wants to repeat earnings despite acquisition

German Internet service provider United Internet (UI) remains optimistic about its earnings guidance, despite the 10 million euros ($14 million) estimated costs for the integration of the DSL business bought from rival Freenet.
Published 01 Jun, 2009 12:00am
IDB may hike bond plan to $ six billion

IDB may hike bond plan to $ six billion

The Islamic Development Bank (IDB) said it may raise the size of its Islamic bond program to 6 billion dollars to soften the impact of global financial turmoil on its members, which include some of the world's poorest nations.
Published 01 Jun, 2009 12:00am
IDB may hike bond plan to $ six billion

IDB may hike bond plan to $ six billion

The Islamic Development Bank (IDB) said it may raise the size of its Islamic bond program to 6 billion dollars to soften the impact of global financial turmoil on its members, which include some of the world's poorest nations.
Published 01 Jun, 2009 12:00am
Deutsche Bank sees leveraged trade rebound

Deutsche Bank sees leveraged trade rebound

Debt-funded share trading will recover sharply this year and the equity market rebound has further to run, Deutsche Bank AG's head of equities for Europe, Middle East and Africa said in an interview. This year there has seen a steady increase in the amoun
Published 01 Jun, 2009 12:00am
UI wants to repeat earnings despite acquisition

UI wants to repeat earnings despite acquisition

German Internet service provider United Internet (UI) remains optimistic about its earnings guidance, despite the 10 million euros ($14 million) estimated costs for the integration of the DSL business bought from rival Freenet.
Published 01 Jun, 2009 12:00am
Virgin Atlantic says annual profits almost double

Virgin Atlantic says annual profits almost double

British airline Virgin Atlantic said on May 26 that profits almost doubled in 2008-2009, in contrast to a large annual loss at rival British Airways and despite choppy oil prices and a fierce recession.
Published 01 Jun, 2009 12:00am
Arabian Cement to open plant in Jordan next year

Arabian Cement to open plant in Jordan next year

Saudi Arabian's Arabian Cement Co will launch its first plant abroad next year to boost capacity but hold off further expansion until the global turmoil is over, its chief executive officer said. The Jordan-based plant is currently under construction and
Published 01 Jun, 2009 12:00am
Intel sees second-half 2009 demand below year earlier

Intel sees second-half 2009 demand below year earlier

Intel, the world's biggest chipmaker, expects second-half demand to be lower than it was a year earlier, despite a forecast return to normal demand patterns that should see an improvement from the first half.
Published 01 Jun, 2009 12:00am
Virgin Atlantic says annual profits almost double

Virgin Atlantic says annual profits almost double

British airline Virgin Atlantic said on May 26 that profits almost doubled in 2008-2009, in contrast to a large annual loss at rival British Airways and despite choppy oil prices and a fierce recession.
Published 01 Jun, 2009 12:00am
Time Warner to spin off ailing AOL

Time Warner to spin off ailing AOL

Time Warner announced plans on May 28 to spin off its troubled AOL Internet unit by the end of the year, bringing to a close one of the most disastrous corporate mergers in history. The US media and entertainment giant said its board had approved a separa
Published 01 Jun, 2009 12:00am
Intel sees second-half 2009 demand below year earlier

Intel sees second-half 2009 demand below year earlier

Intel, the world's biggest chipmaker, expects second-half demand to be lower than it was a year earlier, despite a forecast return to normal demand patterns that should see an improvement from the first half.
Published 01 Jun, 2009 12:00am
'DTXTR' translates teen text into English

'DTXTR' translates teen text into English

Wot r ur kids txting? If you're wondering - or 1dering - there's a new online translation tool that helps decipher the code. Mobile phone maker LG Electronics MobileComm USA has launched "DTXTR," a Web service, which translates teen text speech into plain
Published 01 Jun, 2009 12:00am
DoCoMo eyes cash transfer by cellphone

DoCoMo eyes cash transfer by cellphone

Japan's top mobile telephone operator NTT DoCoMo said on May 27 it aimed to launch a new service enabling cash transfers simply by entering the recipient's cellphone number. After applying online, users would be able to send money to another DoCoMo subscr
Published 01 Jun, 2009 12:00am
Microsoft to launch Zune HD later this year

Microsoft to launch Zune HD later this year

Microsoft plans to release a new version of its portable Zune music player later this year featuring a touch screen, Web browser, Wi-Fi connectivity and high-definition radio receiver. The Redmond, Washington-based software giant said the Zune HD, Microso
Published 01 Jun, 2009 12:00am
Europe's fastest supercomputer unveiled in Germany

Europe's fastest supercomputer unveiled in Germany

A new supercomputer with the power of 50,000 home PCs - the fastest in Europe and the third world-wide - was unveiled on May 26 in Germany. The "Jugene," capable of 1,000,000,000,000,000 calculations per second, ranks behind the "Roadrunner" and "Jaguar"
Published 01 Jun, 2009 12:00am
Microsoft unveils new Bing search engine

Microsoft unveils new Bing search engine

Microsoft on May 29 unveiled a new Web search engine, Bing, designed to intuitively understand what people are seeking on the Internet and challenge online king Google. The US software colossus described Bing as a "Decision Engine" and said it will be dep
Published 01 Jun, 2009 12:00am
Microsoft reverses Windows 7 Starter limit

Microsoft reverses Windows 7 Starter limit

Microsoft Corp said on May 29 that it would not limit the number of applications available at one time on the Starter edition of its upcoming Windows 7 operating system, reversing its earlier strategy of limiting its capabilities and urging users to upgra
Published 01 Jun, 2009 12:00am
Website documents Google Book debate

Website documents Google Book debate

Custom publishing website SharedBook on May 27 invited interested parties to document their views on the legal controversy surrounding Google's book search project. "Until now, discussions on the Google Book Settlement have been taking place across fragme
Published 01 Jun, 2009 12:00am
Future of newspapers is digital: Murdoch

Future of newspapers is digital: Murdoch

News Corp Chairman Rupert Murdoch said on May 28 that the future of newspapers is digital, but it may be 10 to 15 years before readers go fully electronic. Murdoch, in an interview with the News Corp-owned Fox Business Network, also said that newspapers,
Published 01 Jun, 2009 12:00am
Three million UK homes are web 'Notspots'

Three million UK homes are web 'Notspots'

About 15 percent of homes in Britain have Internet broadband access under two-megabits per second (Mb), the minimum speed envisaged by the government for the whole country, research shows.
Published 01 Jun, 2009 12:00am
New low-cost notebooks no cure-all for PC brands

New low-cost notebooks no cure-all for PC brands

PC brands are hoping to copy their success with low-cost consumer notebooks to corporate buyers, but acceptance among that fussier segment could be harder even as the cheaper models dent the broader industry's profits.
Published 01 Jun, 2009 12:00am
Google wants developers to ride its Wave

Google wants developers to ride its Wave

Google on May 28 encouraged software developers to ride into the future of email with a project called "Wave," which opens inboxes to text, video, pictures, maps and even social network feeds.
Published 01 Jun, 2009 12:00am
AT&T to double mobile data speeds by 2011

AT&T to double mobile data speeds by 2011

AT&T Inc said on May 27 that it would double its wireless data network speeds as part of an upgrade that it aims to kick off later this year and complete in 2011.
Published 01 Jun, 2009 12:00am
Greenland ice may fuel severe US sea level rise

Greenland ice may fuel severe US sea level rise

New York, Boston and other cities on North America's north-east coast could face a rise in sea level this century that would exceed forecasts for the rest of the planet if Greenland's ice sheet keeps melting as fast as it is now, researchers said.
Published 01 Jun, 2009 12:00am
World carbon dioxide up 39 percent by 2030 without new policy: EIA

World carbon dioxide up 39 percent by 2030 without new policy: EIA

Global emissions of the main greenhouse gas carbon dioxide will jump more than 39 percent from 2006 levels by 2030 without new policies and binding pacts to cut global warming pollution, the top US energy forecast agency said on May 27. Nearly 200 nations
Published 01 Jun, 2009 12:00am
Forest carbon offers cheaper way to curb warming

Forest carbon offers cheaper way to curb warming

Counting the climate-warming carbon dioxide locked up in forests could offer a cheaper way to curb the greenhouse gas than by considering only emissions from industry and fossil fuels, according to a new study.
Published 01 Jun, 2009 12:00am
'Swat operation achieved almost complete success'

'Swat operation achieved almost complete success'

Pakistan is confident its nuclear assets will not fall into militant hands because it is constantly reviewing security and getting help from friendly countries, a senior defence official said on Sunday. As Pakistan battles a Taliban insurgency, reports in
Published 01 Jun, 2009 12:00am
President for releasing Rs 500 million from PBM for IDPs

President for releasing Rs 500 million from PBM for IDPs

President Asif Ali Zardari has asked the government to immediately release Rs 500 million from Pakistan Baitul Mal (PBM) for emergency relief to the internally displaced persons (IDPs) in the camps in the Frontier province.
Published 01 Jun, 2009 12:00am
'Swat operation achieved almost complete success'

'Swat operation achieved almost complete success'

Pakistan is confident its nuclear assets will not fall into militant hands because it is constantly reviewing security and getting help from friendly countries, a senior defence official said on Sunday. As Pakistan battles a Taliban insurgency, reports in
Published 01 Jun, 2009 12:00am
SECP penalising return filers before amnesty scheme

SECP penalising return filers before amnesty scheme

The Securities and Exchange Commission of Pakistan (SECP) is penalising those companies, which had filed returns before re-launch of an amnesty scheme namely ''Companies Regularisation Scheme'', raising disenchantment among companies. This was stated in a
Published 01 Jun, 2009 12:00am
Previous Day
⇧