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Print - 2009-06-22
Stringent measures to prevent demonstrations in Shopian

Stringent measures to prevent demonstrations in Shopian

The occupation authorities have taken strict measures in Shopian in occupied Kashmir to thwart the pro-freedom demonstrations as the strike against the rape and murder of two women entered into 22nd day on Sunday.
Published 22 Jun, 2009 12:00am
Najamuddin urges people to donate funds for IDPs

Najamuddin urges people to donate funds for IDPs

Federal Minister for States and Frontier Regions, Najamuddin Khan has urged national and international communities to donate relief assistance generously to the Internally Displace Persons (IDPs) of NWFP to encourage them to face bravely the challenge of
Published 22 Jun, 2009 12:00am
PARC launches projects to cultivate bio-fuel crops

PARC launches projects to cultivate bio-fuel crops

Pakistan Agriculture Research Council (PARC) has launched a number of projects aimed at cultivating bio-fuel crops for the production of fuel products to enable the country save huge amounts spent on fuel imports. "We have identified three salt-tolerant p
Published 22 Jun, 2009 12:00am
Father's Day celebrated

Father's Day celebrated

Father's Day was celebrated across the country on Sunday as a mark of appreciation for fathers who offer unconditional love and affection to their children. The children thanked the fathers for their life long contribution in bringing them up.
Published 22 Jun, 2009 12:00am
Federal, provincial budgets anti-poor: PEW

Federal, provincial budgets anti-poor: PEW

The Pakistan Economy Watch (PEW) has said that the recently presented federal and provincial budgets have proved that our leaders are least concerned about welfare of masses or stability of the economy. Rich have again escaped taxation while poor were cor
Published 22 Jun, 2009 12:00am
25 women complete advanced training course at UVAS

25 women complete advanced training course at UVAS

A group of 25 women community livestock extension workers completed a six-day advanced training course in the University of Veterinary and Animal Sciences under the EU-sponsored Strengthening of Livestock Services Project (SLSP).
Published 22 Jun, 2009 12:00am
'Punjab budget to improve socio-economic condition of people'

'Punjab budget to improve socio-economic condition of people'

Punjab government has won the hearts of people by presenting a balanced, people-friendly and tax-free budget in difficult times. Chairman Standing Committee for Finance Punjab, Sardar Khalid Saleem Bhatti said while talking to a delegation of MPAs at his
Published 22 Jun, 2009 12:00am
Contest on obesity organised

Contest on obesity organised

A contest on "Obesity: Its Causes, Impact and Prevention" was organised by the Bahria University's Medical and Dental College to enhance knowledge of students about the topic. According to a statement, 30 teams of students participated in the four-day com
Published 22 Jun, 2009 12:00am
BMA signs trust deed for BECF

BMA signs trust deed for BECF

BMA Funds signed the Trust Deed for their soon to be launched "BMA Empress Cash Fund" (BECF) at a ceremony held at BMA Funds headquarters in Karachi.
Published 22 Jun, 2009 12:00am
Pakistan Pavilion clinches 'Stand award'

Pakistan Pavilion clinches 'Stand award'

Pakistan tourism stand, arranged at the three-day Beijing International Tourism Expo (BITE), clinched first prize of the best organised Stand Award in international category. The award was received by Ghulam Idrees Khan, Managing Director, Pakistan Touris
Published 22 Jun, 2009 12:00am
BMA signs trust deed for BECF

BMA signs trust deed for BECF

BMA Funds signed the Trust Deed for their soon to be launched "BMA Empress Cash Fund" (BECF) at a ceremony held at BMA Funds headquarters in Karachi.
Published 22 Jun, 2009 12:00am
105 Sikh Yatrees arrive in Lahore

105 Sikh Yatrees arrive in Lahore

A group of 105 Sikh Yatrees arrived here by a special train on Sunday to observe 170th death anniversary of Maharajah Ranjeet Singh. Additional Secretary Evacuee Trust Property Board (ETPB), Siddique Khurram and member of Gurdwara Parbandak Committee Paki
Published 22 Jun, 2009 12:00am
PML-Q supports Swat military operation: Shujaat

PML-Q supports Swat military operation: Shujaat

President, PML-Q, Chaudhary Shujaat Hussain has said that his part supports Swat military operation as no more negotiation can be held with the terrorists. Talking to newsmen in Lahore on Sunday, he said that some anti-state elements, are bent on destabil
Published 22 Jun, 2009 12:00am
'First Data' to extend business in Pakistan: Gul Agha

'First Data' to extend business in Pakistan: Gul Agha

Global technology leader in information commerce 'First Data' has captured over 15 percent market share in Pakistan, with full range of payment card and loan processing services unique services, products, fraud and risk management and highly experienced p
Published 22 Jun, 2009 12:00am
Balochistan ministers, PPP leaders donate blood

Balochistan ministers, PPP leaders donate blood

Likewise in other parts of the country, Pakistan People's Party (PPP) leaders set up blood donation camps in several towns of Balochistan, including the provincial capital to pay tribute to political and democratic struggles and services of former party c
Published 22 Jun, 2009 12:00am
1,249 prisoners to benefit from Supreme Court order in Balochistan

1,249 prisoners to benefit from Supreme Court order in Balochistan

The sentences of a total of 1,249 inmates had been reduced who were completing their jail terms in 10 prisons of Balochistan after the implementation of the order of the Supreme Court (SC) regarding the sentence of prisoners get started from the day they
Published 22 Jun, 2009 12:00am
One-day conference for female journalists today

One-day conference for female journalists today

Women Media Center in collaboration with National Endowment for Democracy, USA will hold a one-day conference titled "Building Bridges between Politicians, Female Journalists and Citizens" on June 22 (Monday). The daylong conference is exclusively arrange
Published 22 Jun, 2009 12:00am
Lawyers and Patwaris clash: Shahbaz takes serious notice

Lawyers and Patwaris clash: Shahbaz takes serious notice

According to an information of DGPR received here on Sunday, Punjab Chief Minister, Muhammad Shahbaz Sharif, taking serious notice of the incident of clash between lawyers and Patwaris at Faisalabad, has made a formal request to the Chief Justice Lahore H
Published 22 Jun, 2009 12:00am
CCPO suspends SHO Jauhar Town

CCPO suspends SHO Jauhar Town

SSP (operations), Chaudhry Shafiq Ahmad, has suspended SHO Jauhar Town police station on the charges of delaying in the registration of car theft case and not dealing politely to the applicant. The SSP has also ordered for departmental enquiry against SHO
Published 22 Jun, 2009 12:00am
Baby found in bushes

Baby found in bushes

A baby was recovered by Chhipa volunteers from bushes in Baldia Town here on Sunday. This was revealed in a statement of the Chhipa Welfare Association on Sunday. It said that the baby aged between one and two years was found in a semi-conscious state, bu
Published 22 Jun, 2009 12:00am
PFA and PFMA join hands to promote food industry

PFA and PFMA join hands to promote food industry

The Pakistan Food Association (PFA) and Pakistan Flour Mills Association (PFMA) have signed a Memorandum of Understanding (MoU) to promote local food industry. A statement on Sunday said that the MoU was inked in the presence of the members of both associ
Published 22 Jun, 2009 12:00am
Nazim inaugurates Nasir Shaheed Family Park

Nazim inaugurates Nasir Shaheed Family Park

Nazim Karachi Syed Mustafa Kamal has said that with the construction of Nasir Hussain Shaheed Family Park, the Nazim Gulshan-e-Iqbal Town Wasey Jalil has presented a model of parks constructed so far. He was speaking at the inauguration of the newly const
Published 22 Jun, 2009 12:00am
Local, international slump in cotton prices depress cotton market

Local, international slump in cotton prices depress cotton market

Relevant field reports from Punjab and my tour to some of the cotton areas of middle and lower Sindh do confirm the possibility of a bumper cotton in 2009-10 season. Presently, the new crop position is seen spread from sowing to harvesting - time differen
Published 22 Jun, 2009 12:00am
Local, international slump in cotton prices depress cotton market

Local, international slump in cotton prices depress cotton market

Relevant field reports from Punjab and my tour to some of the cotton areas of middle and lower Sindh do confirm the possibility of a bumper cotton in 2009-10 season. Presently, the new crop position is seen spread from sowing to harvesting - time differen
Published 22 Jun, 2009 12:00am
US pressure

US pressure

As probe into the Mumbai carnage progressed it became increasingly clear that New Delhi was grossly mistaken in pointing the accusatory finger at the Pakistani authorities. Gradually the reality was taking hold that Pakistan is as much a victim of interna
Published 22 Jun, 2009 12:00am
The Obama agenda - II

The Obama agenda - II

Extremism cannot be dealt with military power alone, Obama stated for his number one issue in his Cairo speech, which is "why we plan to invest $1.5 billion each year over the next five years to partner with Pakistanis to build schools and hospitals, road
Published 22 Jun, 2009 12:00am
The need to act fast

The need to act fast

The unresolved issue of provincial autonomy has a way of stirring up passions in parliamentary debates and discussions. So it was on Thursday during the Senate debate on the Finance Bill, 2009. Senator Dr Abdul Malik said that Baloch rights have been usur
Published 22 Jun, 2009 12:00am
Possibility of a cut in discount rate

Possibility of a cut in discount rate

There are some strong indications of a cut in the discount rate by the State Bank in the near future. In the latest auction conducted by the SBP on 17th June, 2009, banks offered a total amount of Rs 131.7 billion for investment in treasury bills but the
Published 22 Jun, 2009 12:00am
French move to ban burqa

French move to ban burqa

Five years after France prohibited the wearing of the Islamic headscarf in public schools, a movement is gathering momentum here for a more radical measure: outlawing the wearing of the burqa in public. Earlier this month, a group of 58 law-makers introdu
Published 22 Jun, 2009 12:00am
Pak-Iran relations

Pak-Iran relations

On a recent visit to Tehran and some other cities of Iran, I witnessed an obvious contrast, a quantum jump from cohesive contest to suddenly a most friendly relationship between Pakistan and Iran. Pakistan being a close ally to America was careful in its
Published 22 Jun, 2009 12:00am
ROVER'S DIARY: Foreign policy - humility must prevail over arrogance

ROVER'S DIARY: Foreign policy - humility must prevail over arrogance

A cold but ice-breaker, President Zardari and Prime Minister Manmohan Singh's meeting did not start on a pleasant note. One presumes that a smiling Zardari must have been prepared for this Indian strategy. Following the discussion in the Indian lower hous
Published 22 Jun, 2009 12:00am
At least 16 die in China factory blast

At least 16 die in China factory blast

At least 16 people died and 43 were injured Sunday in a factory explosion in eastern China's Anhui province, a police source and state media said. The explosion occurred at 03:17 am (1917 GMT) in the workshops of a private factory that produces and proces
Published 22 Jun, 2009 12:00am
Pak-India dialogue process should resume: JKDF

Pak-India dialogue process should resume: JKDF

President of Jammu and Kashmir Democratic Forum (JKDF), Pandit Bhushan Bazaz in occupied Kashmir has said that India and Pakistan must resume the dialogue process on the Kashmir dispute to find a durable and lasting solution to this vexed issue as per the
Published 22 Jun, 2009 12:00am
Shorts, sleeveless T-shirts could make you prone to skin cancer

Shorts, sleeveless T-shirts could make you prone to skin cancer

Going sleeveless and wearing shorts may seem like a good way to beat the heat, but doctors warn that overexposure to sunrays could increase chances of skin cancer. 'Overexposure during the summer that is searing north India is harmful.
Published 22 Jun, 2009 12:00am
Lions Club sets up eye hospital in Korangi

Lions Club sets up eye hospital in Korangi

The Lions Clubs International have established an eye hospital in Karachi's Korangi Area, International Director of Lions Club International, Malik Khuda Bakhsh said this on Sunday. He said that the facility has been named as Lion S.M. Shafi Memorial Hosp
Published 22 Jun, 2009 12:00am
KPT outlines plan for cargo village and industrial park

KPT outlines plan for cargo village and industrial park

The Karachi Port Trust plans to develop the western backwaters of the Karachi Port as a "Cargo Village and Industrial Park." This decision has been based on a feasibility study including master plan prepared for the proposed project in 2004.
Published 22 Jun, 2009 12:00am
Israel keeps Mossad chief on for Iran 'shadow war'

Israel keeps Mossad chief on for Iran 'shadow war'

Israeli Prime Minister Benjamin Netanyahu extended the tenure of the Mossad chief to an eighth year on Sunday, a testament to the spymaster's perceived success in waging shadow wars against Iran and its allies.
Published 22 Jun, 2009 12:00am
Indian Maoists kill 11 police

Indian Maoists kill 11 police

At least 11 special police personnel were killed and 10 injured in a landmine blast triggered overnight by suspected Maoist rebels in the central Indian state of Chhattisgarh, police said Sunday. The attack took place late Saturday when a Central Reserve
Published 22 Jun, 2009 12:00am
Zambian hospitals shut wards after nurses' strike

Zambian hospitals shut wards after nurses' strike

Several Zambian hospitals have shut their admission wards and sent hundreds of patients home because of a crippling strike by nurses over pay, the country's biggest labour federation said on Sunday. The nurses' strike entered its 17th day on Sunday, with
Published 22 Jun, 2009 12:00am
Blast near EU vehicle kills one: Georgia

Blast near EU vehicle kills one: Georgia

A land mine explosion killed the driver of a Georgian medical aid vehicle that was accompanying European Union monitors patrolling a tense area Sunday near breakaway Abkhazia, police and EU officials said. A doctor from a Georgian medical aid group was in
Published 22 Jun, 2009 12:00am
Pope reminds West's of 'duty' to welcome refugees

Pope reminds West's of 'duty' to welcome refugees

Pope Benedict XVI on Sunday reminded Western countries of their "duty" to welcome refugees, despite the economic and social problems of assimilating them into society. Addressing thousands of pilgrims at the popular shrine to a Catholic mystic in southern
Published 22 Jun, 2009 12:00am
Obama's healthcare push on rocky road in Congress

Obama's healthcare push on rocky road in Congress

Growing worries over budget deficits and government intervention could jeopardise President Barack Obama's proposed healthcare overhaul in Congress as lawmakers bicker over costs and strategies for covering the uninsured.
Published 22 Jun, 2009 12:00am
Saudi authorities behead man for molesting child

Saudi authorities behead man for molesting child

Saudi Arabia's Interior Ministry says authorities have beheaded a Saudi man convicted of molesting a child and leaving him in the desert to die. According to a ministry statement Sunday, Falih bin Miflih was beheaded in Unayzah town in al-Qasim province.
Published 22 Jun, 2009 12:00am
North Korea criticises US nuclear protection of South Korea

North Korea criticises US nuclear protection of South Korea

North Korea has accused the United States of plotting atomic war against the communist regime, saying President Barack Obama's recent reaffirmation of nuclear protection of South Korea only exposed his government's intention to attack.
Published 22 Jun, 2009 12:00am
Death toll from Iraq's Kirkuk blast rises to 73

Death toll from Iraq's Kirkuk blast rises to 73

The death toll from Iraq's deadliest bombing in more than a year rose to 73, police said on Sunday, a day after a suicide bomber detonated a truck packed with explosives outside a mosque in the north of the country.
Published 22 Jun, 2009 12:00am
New York couple float into zero gravity nuptials

New York couple float into zero gravity nuptials

The bride wore white and earrings resembling tiny planets, the groom a tuxedo and cuff links shaped like spacecraft, and the wedding party attended in blue jump suits.
Published 22 Jun, 2009 12:00am
Myanmar jails Suu Kyi supporters for pagoda prayers

Myanmar jails Suu Kyi supporters for pagoda prayers

Myanmar has jailed two supporters of opposition leader Aung San Suu Kyi for one and a half years for insulting religion after they prayed at a pagoda for her release, her party said Sunday. Chit Pe and Aung Saw Wai, members of the detained Nobel laureate'
Published 22 Jun, 2009 12:00am
London bourse may remain in wait-and-see mode

London bourse may remain in wait-and-see mode

British investors will likely be in wait-and-see mode, hoping that a positive finish Friday can be carried over after a bout of nerves resulted in substantial losses earlier. Dealers said better-than-expected US employment figures and a regional industria
Published 22 Jun, 2009 12:00am
Thai market expected to post modest gains

Thai market expected to post modest gains

Thai stocks are predicted to trade in a narrow range with limited gains after a streak of losses in the past week, analysts said. No significant domestic factors are expected to weigh on the market next week so investors would mainly look overseas, mostly
Published 22 Jun, 2009 12:00am
Singapore shares expected to remain aimless

Singapore shares expected to remain aimless

Singapore shares are likely to be aimless as traders look for strong leads and await the release of second quarter corporate earnings results, dealers said. "The market needs some new leads to return to 2,350 to 2,400," said Najeeb Jarhom, AmFraser Securi
Published 22 Jun, 2009 12:00am
Tokyo equities expected to remain range-bound

Tokyo equities expected to remain range-bound

Japanese share prices are likely to remain range-bound in the coming week as periodical buying on dips may offset thinning hopes for an imminent economic recovery, dealers said on Friday. "Dealers had expected the market would decline this week" because t
Published 22 Jun, 2009 12:00am
Chile bourse rally upside seen limited for 2009

Chile bourse rally upside seen limited for 2009

Chile's bourse has rallied sharply this year, but the market is ahead of itself in pricing in an economic recovery and further gains are seen limited and hostage to a rebound in commodity prices proving sustainable.
Published 22 Jun, 2009 12:00am
Indian markets likely to consolidate further

Indian markets likely to consolidate further

India's stock market is likely to remain choppy, with investors booking profits after 14 straight weeks of gains - its best run in four years, dealers said Friday. This week overseas funds sold equities worth 239 million rupees and local institutional fun
Published 22 Jun, 2009 12:00am
Asian currencies mostly fall against dollar

Asian currencies mostly fall against dollar

Asian currencies ended the week mainly weaker against the US dollar as the greenback strengthened on positive US economic news. However, the yen made big gains as a poor week for stock markets saw dealers become less risk averse and move into the Japanese
Published 22 Jun, 2009 12:00am
Turkish markets mixed as IMF deal hopes tempered

Turkish markets mixed as IMF deal hopes tempered

The Turkish lira was flat while bonds and equities faced selling pressure on Friday as investors cooled their hopes the government was close to signing a loan deal with the International Monetary Fund. The lira stood at 1.5520 against the dollar in early
Published 22 Jun, 2009 12:00am
Hong Kong shares likely to swing wildly

Hong Kong shares likely to swing wildly

Hong Kong share prices will likely swing wildly as investors remain sensitive to any piece of positive or negative news, dealers said. For the week ending June 19, the benchmark Hang Seng Index closed at 17,920.93, down 5.1 percent on the week.
Published 22 Jun, 2009 12:00am
Australian shares may face more turbulence

Australian shares may face more turbulence

Australian share prices could be set for another week of falls as the market continues to pull back from recent gains, dealers said. The benchmark S&P/ASX 200 shed 4.02 percent this week, dropping for four consecutive days before steadying on Friday with
Published 22 Jun, 2009 12:00am
Taiwan shares likely to extend gains

Taiwan shares likely to extend gains

Taiwan share prices are expected to gain further on a continued technical rebound after heavy losses in the past few weeks, dealers said on Friday. Bargain hunters are likely to turn active to boost the index as they are trying to rebuild positions follow
Published 22 Jun, 2009 12:00am
JGBs gain after bouncing back from earlier losses

JGBs gain after bouncing back from earlier losses

Japanese government bonds gained on Friday, bouncing back from earlier losses as investors underpinned shorter-dated maturities with buying ahead of the end of the quarter. JGBs dipped early in the day after a tumble in US Treasuries the previous day and
Published 22 Jun, 2009 12:00am
JGBs gain after bouncing back from earlier losses

JGBs gain after bouncing back from earlier losses

Japanese government bonds gained on Friday, bouncing back from earlier losses as investors underpinned shorter-dated maturities with buying ahead of the end of the quarter. JGBs dipped early in the day after a tumble in US Treasuries the previous day and
Published 22 Jun, 2009 12:00am
Malaysian shares likely to rebound

Malaysian shares likely to rebound

Malaysian shares are expected to rebound after a stretch of losses this week, analysts said Friday. "Further sharp losses however should trigger a rebound given the already oversold technical conditions," local brokerage TA Securities said in a commentary
Published 22 Jun, 2009 12:00am
Philippines shares may consolidate further

Philippines shares may consolidate further

Philippines shares will undergo more consolidation as the market looks for direction after breaking the 2,400-point support level, dealers said on Friday. After steadily rising for most of the month, the Philippine Stock Exchange composite finally correct
Published 22 Jun, 2009 12:00am
ECB chief says no room for more debt

ECB chief says no room for more debt

There is no room for governments that have borrowed billions to fight the economic crisis to accumulate more debt, European Central Bank President Jean-Claude Trichet said on Sunday. "There is a moment where you can't spend anymore and you can't accumulat
Published 22 Jun, 2009 12:00am
Jakarta shares likely to decline

Jakarta shares likely to decline

Indonesian shares are expected to go down due to foreign selling ahead of presidential elections, dealers said. "We think the index will move in various ways, but there'll be a tendency to go down as foreign investors pull their funds out," Bhakti Securit
Published 22 Jun, 2009 12:00am
Berne says US ready to move in UBS tax case

Berne says US ready to move in UBS tax case

US authorities could be willing to make a deal in a legal case against Switzerland's biggest bank, UBS, after the countries agreed a double taxation treaty last week, the Swiss president said on Sunday. The US government is suing UBS, the world's largest
Published 22 Jun, 2009 12:00am
Ecuador threatens to expel oil firms

Ecuador threatens to expel oil firms

Ecuador's president on Saturday threatened to expel foreign oil firms which launch legal challenges against his government. Facing billions of dollars worth of legal claims for failure to complete contracts, Rafael Correa issued a blunt warning to the fir
Published 22 Jun, 2009 12:00am
Turkish trawlers held in Algeria for illegal tuna fishing

Turkish trawlers held in Algeria for illegal tuna fishing

Algerian authorities said Sunday they have detained three Turkish trawlers and one Algerian vessel for illegally fishing more than 200 tonnes of tuna. The four vessels were intercepted after the Turkish trawlers transfered the living tuna to the Algerian
Published 22 Jun, 2009 12:00am
US exports to Iran up in Obama's first months

US exports to Iran up in Obama's first months

Iran spent nearly twice as much on US imports during President Barack Obama's first months in office as it did during the same period in 2008, showing that despite trade penalties and tense relations, the two countries are still doing business.
Published 22 Jun, 2009 12:00am
Investors shun North Sea despite rebounding oil prices

Investors shun North Sea despite rebounding oil prices

Despite a recent spike in oil prices, energy industry chiefs warn that infrastructure investment in the North Sea will not jump in tandem. Scaring investors away is market volatility, they say. Bosses from the oil and gas sector gathered last week in the
Published 22 Jun, 2009 12:00am
French minister discusses nuclear project with Kuwait

French minister discusses nuclear project with Kuwait

French Economy Minister Christine Lagarde held talks Sunday with Kuwaiti officials over the Gulf state's plan to set up a civilian nuclear project to produce power. Lagarde told a press conference that during meetings with Kuwait's emir, crown prince and
Published 22 Jun, 2009 12:00am
Airbus to deliver first China-made airplane

Airbus to deliver first China-made airplane

European aviation giant Airbus will deliver the first A320 airplane assembled at its factory in China on Tuesday, in a symbolic event further marking the nation's global rise. The first plane to be made at plant in northern Tianjin, the only Airbus factor
Published 22 Jun, 2009 12:00am
Economy is making steady recovery: China Prime Minister

Economy is making steady recovery: China Prime Minister

A state news agency cites Chinese Premier Wen Jiabao as saying the economy is making steady improvements but is at a critical stage, repeating remarks aimed at ensuring continued vigilance. Xinhua News Agency said Sunday that Wen, also China's top economi
Published 22 Jun, 2009 12:00am
Obama offers split verdict on economy: analysis

Obama offers split verdict on economy: analysis

It's a difficult balancing act. Where some economists see "green shoots" of a recovery others see only yellow weeds of continuing recession. It's hard to know for sure whether things are getting better or worse. President Harry S. Truman whimsically asked
Published 22 Jun, 2009 12:00am
Gulf sentiment up but caution remains: HSBC survey

Gulf sentiment up but caution remains: HSBC survey

Business confidence in the Gulf recovered slightly in the second quarter, HSBC said in a survey on Sunday, although one in three of those polled expect the slowdown to last at least two more years. Business sentiment in the six-state Gulf Co-operation Cou
Published 22 Jun, 2009 12:00am
German downturn near bottom: Merkel

German downturn near bottom: Merkel

Germany appears to be close to the bottom of its economic downturn but it can't expect an instant recovery, Chancellor Angela Merkel said Saturday. Germany, Europe's biggest economy, went into recession last year as the global crisis sapped demand for its
Published 22 Jun, 2009 12:00am
Japan's key survey to post big leap: report

Japan's key survey to post big leap: report

A closely watched index of business confidence at Japan's major manufacturers is expected to show the first improvement in two and a half years, the Nikkei business daily reported Sunday. The Bank of Japan will on July 1 publish its quarterly "Tankan" sur
Published 22 Jun, 2009 12:00am
ICC to debate Pakistan's World Cup chances

ICC to debate Pakistan's World Cup chances

The International Cricket Council will debate Pakistan's future as a World Cup host later this week after talks failed between South Asian co-hosts for the 2011 event. The Pakistan Cricket Board (PCB) has said it will resume legal proceedings against the
Published 22 Jun, 2009 12:00am
Edwards to miss first two India ODIs

Edwards to miss first two India ODIs

West Indies have named a 13-man squad without Fidel Edwards for the first two one-day internationals against India this coming Friday and Sunday at Sabina Park in Kingston. The fast bowler withdrew from last Monday's Super Eight win over England in the Tw
Published 22 Jun, 2009 12:00am
Spain wins, but South Africa also goes through

Spain wins, but South Africa also goes through

Spain earned its record 15th straight victory Saturday with a 2-0 win over South Africa, a result which allowed the host nation to scrape into the Confederations Cup semi-finals along with the European champions. Moments after missing a penalty, David Vil
Published 22 Jun, 2009 12:00am
Venus primed to conquer Wimbledon for many years to come

Venus primed to conquer Wimbledon for many years to come

The competitive fire is still burning in Venus Williams and, unlike some of her contemporaries who extinguished their careers early, the five-times Wimbledon champion plans to stick around until at least the 2012 Olympics.
Published 22 Jun, 2009 12:00am
Economy will affect World Cup sponsor activities

Economy will affect World Cup sponsor activities

The global financial downturn will not have a direct effect on next year's World Cup in South Africa, but FIFA marketing director Thierry Weil said Sunday it will hamper sponsor activities at the monthlong tournament.
Published 22 Jun, 2009 12:00am
India's Nehwal wins Indonesia Super Series title

India's Nehwal wins Indonesia Super Series title

Indian world number eight Saina Nehwal won her first Super Series event in Indonesia on Sunday to raise her country's hopes of a strong performance at the world championships they host in August. The world junior champion beat China's Lin Wang 12-21 21-18
Published 22 Jun, 2009 12:00am
FIH confirms India to host 2010 Men's World Cup

FIH confirms India to host 2010 Men's World Cup

The International Hockey Federation (FIH) confirmed Sunday that India will host the 2010 Men's Hockey World Cup after "internal problems" surrounding the sport were resolved. India had been told it could lose the event if the two separate bodies that run
Published 22 Jun, 2009 12:00am
Federer will feel the nerves of Grand Slam record bid

Federer will feel the nerves of Grand Slam record bid

Roger Federer admits he will begin to feel the weight of history on his shoulders if his bid to break Pete Sampras's record for Grand Slam victories goes the distance at Wimbledon. Federer was hailed as the greatest player of all time after his French Ope
Published 22 Jun, 2009 12:00am
England women double up with World Twenty20 final win

England women double up with World Twenty20 final win

England's women added the World Twenty20 title to their World Cup crown with a convincing six-wicket win over New Zealand at Lord's here on Sunday. England fast bowler Katherine Brunt took three wickets for just six runs as New Zealand were dismissed for
Published 22 Jun, 2009 12:00am
Vettel wins British Grand Prix in Red Bull one-two

Vettel wins British Grand Prix in Red Bull one-two

Germany's Sebastian Vettel ran away with the British Grand Prix in a Red Bull one-two while championship leader Jenson Button struggled hhome in sixth place on Sunday Australian Mark Webber finished runner-up, 15.1 seconds behind the 21-year-old, with Bra
Published 22 Jun, 2009 12:00am
FIA would rather talk than litigate: Mosley

FIA would rather talk than litigate: Mosley

Formula One's governing body may hold off on legal action against Ferrari and teams planning a breakaway series pending further talks, FIA president Max Mosley said on Sunday. "I think we would rather talk than litigate," the motor racing chief told repor
Published 22 Jun, 2009 12:00am
Ronaldo says made up mind on Real transfer last year

Ronaldo says made up mind on Real transfer last year

Cristiano Ronaldo says he made up his mind last year to quit Manchester United for Real Madrid, whom he has agreed to join for a world record 93 million euros, the News of the World reports in Sunday's edition.
Published 22 Jun, 2009 12:00am
Al Salam Europe to focus on private equity: chief executive

Al Salam Europe to focus on private equity: chief executive

The European subsidiary of Bahraini Islamic bank Al Salam, which last week bought prime real estate in London's financial centre, will focus on private equity rather than property, its CEO said. Mohammed Paracha told Reuters Al Salam Europe is shopping ar
Published 22 Jun, 2009 12:00am
Al Salam Europe to focus on private equity: chief executive

Al Salam Europe to focus on private equity: chief executive

The European subsidiary of Bahraini Islamic bank Al Salam, which last week bought prime real estate in London's financial centre, will focus on private equity rather than property, its CEO said. Mohammed Paracha told Reuters Al Salam Europe is shopping ar
Published 22 Jun, 2009 12:00am
Nomura to pay $29 million for 19 percent LIC Mutual Fund stake

Nomura to pay $29 million for 19 percent LIC Mutual Fund stake

Japan's Nomura will pay about 1.38 billion rupees ($29 million) to buy 19.3 percent stake in LIC Mutual Fund (MF), part of a deal to acquire 35 percent, a top official of a group firm of the Indian money manager said.
Published 22 Jun, 2009 12:00am
Nomura to pay $29 million for 19 percent LIC Mutual Fund stake

Nomura to pay $29 million for 19 percent LIC Mutual Fund stake

Japan's Nomura will pay about 1.38 billion rupees ($29 million) to buy 19.3 percent stake in LIC Mutual Fund (MF), part of a deal to acquire 35 percent, a top official of a group firm of the Indian money manager said.
Published 22 Jun, 2009 12:00am
BlackRock chief executive sees more consolidation ahead

BlackRock chief executive sees more consolidation ahead

BlackRock Inc Chief Executive Laurence Fink expects a wave of consolidation to sharpen the split between large and small asset management firms, following his company's $13.5 billion deal to buy a key unit of Barclays PLC.
Published 22 Jun, 2009 12:00am
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