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Print - 2009-08-12
AlGhazi declares cash interim dividend

AlGhazi declares cash interim dividend

The profit after tax of Al Ghazi Tractors increased to Rs 878.467 million in the half year period ended on June 30, 2009 as compared to Rs 623.092 million earned in the corresponding period in 2008. The company's earning per share surged to Rs 20.46 in th
Published 12 Aug, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (August 11, 2009).

Published 12 Aug, 2009 12:00am
AlGhazi declares cash interim dividend

AlGhazi declares cash interim dividend

The profit after tax of Al Ghazi Tractors increased to Rs 878.467 million in the half year period ended on June 30, 2009 as compared to Rs 623.092 million earned in the corresponding period in 2008. The company's earning per share surged to Rs 20.46 in th
Published 12 Aug, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (August 11, 2009).

Published 12 Aug, 2009 12:00am
Buledi inaugurates agricultural exhibition

Buledi inaugurates agricultural exhibition

Zila Naib Nazim Jamshoro, Abdul Hameed Buledi inaugurated the Agricultural Exhibition on the eve of Annual Urs celebrations of Hazrat Lal Shahbaz Qalandar (R.A) at Sehwan Sharif on Tuesday. Buledi said that due to participation of devotees from the whole
Published 12 Aug, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (August 11, 2009) and for Wednesday (August 12, 2009).
Published 12 Aug, 2009 12:00am
Seminar on economic freedom in South Asia starts

Seminar on economic freedom in South Asia starts

Political freedom and a politically sound state are pre-requisite for economic liberalisation in the country. President Pakistan Chambers of Commerce and Industry (FPCCI) Tariq Sayeed stated this in his welcome address at the inaugural session of a two-da
Published 12 Aug, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 11, 2009).

Published 12 Aug, 2009 12:00am
Car sales up 51 percent in July

Car sales up 51 percent in July

The car sales significantly increased by 51 percent to 8,560 units in the first month of FY10 (July 2009) as compared to 5,669 units in the same months in FY09. According to latest figures released by Pakistan Auto Manufacturers Association (PAMA), the LC
Published 12 Aug, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 11, 2009).

Published 12 Aug, 2009 12:00am
SMS-based secure mobile payments technology inaugurated

SMS-based secure mobile payments technology inaugurated

Chairman Pakistan Telecommunication Authority (PTA), Dr Mohammad Yaseen, on Tuesday inaugurated the country's first 'SMS-based secure mobile payments technology. Speaking at the launching ceremony, which was hosted by AKNMTECR, a mobile value-added servic
Published 12 Aug, 2009 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 12 Aug, 2009 12:00am
Lahore gets 49mm of rain

Lahore gets 49mm of rain

The provincial capital received scattered heavy downpour on Monday, which inundated many parts of the city and thus limiting the mobility of the city's inhabitants and also had to face very muggy weather. According to the Pakistan Meteorological Departmen
Published 12 Aug, 2009 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 12 Aug, 2009 12:00am
PML-N leader seeks accountability of Shaukat Aziz

PML-N leader seeks accountability of Shaukat Aziz

Pakistan Muslim League-Nawaz Central Additional Secretary General Chaudhary Jaffar Iqbal said that besides holding former President Pervez Musharraf accountable, the ex-Prime Minister Shaukat Aziz must also be held accountable for causing immense loss to
Published 12 Aug, 2009 12:00am
International Youth Day today

International Youth Day today

The International Youth Day will also be marked in Karachi on August 12. To celebrate the occasion, a symposium would be organised at a local hotel on Wednesday. An announcement on Tuesday said that the moot would be held under the auspices of the Youth A
Published 12 Aug, 2009 12:00am
Abandoned baby handed over to childless couple

Abandoned baby handed over to childless couple

An abandoned, new-born baby has been named as 'Azadi' in connection with the Independence Day celebrations and has been handed over to a childless couple. This was stated in an announcement of the Chhipa Welfare Association here on Tuesday. It said the ne
Published 12 Aug, 2009 12:00am
The Weather

The Weather

The weather report on Tuesday (August 11, 2009) and the forecast for Wednesday (August 12, 2009).

Published 12 Aug, 2009 12:00am
Jamaat-i-Islami leader stresses need for giving autonomy to provinces

Jamaat-i-Islami leader stresses need for giving autonomy to provinces

Central General Secretary of Jama'at-e-Islami, Pakistan, Liaquat Baloch, has stressed the need for giving autonomy to all the four provinces. Addressing a news conference at Press Club here on Tuesday, he said: "Use of power is no solution to the Balochis
Published 12 Aug, 2009 12:00am
Kashmiris not to forget Sheikh Aziz's sacrifice: Dr Fai

Kashmiris not to forget Sheikh Aziz's sacrifice: Dr Fai

Dr Ghulam Nabi Fai, the Executive Director of Kashmir Centre Washington has paid homage to martyred APHC leader, Sheikh Abdul Aziz for his devotion in unflagging pursuit of a just and noble cause. According to Kashmir Media Service, Dr Ghulam Nabi Fai, in
Published 12 Aug, 2009 12:00am
Three women die in road accident

Three women die in road accident

Three women were killed and thirteen injured as a jeep taking the wedding party back to home, plunged into a ravine at Shogor area in tehsil Garam Chashma on Tuesday. The local police said, the ill fated jeep No 2278 Swat, carrying a wedding party was on
Published 12 Aug, 2009 12:00am
Solid evidence being collected to confirm Mehsud's death: Rehman

Solid evidence being collected to confirm Mehsud's death: Rehman

Federal Minister for Interior, Rehman Malik on Tuesday said the government and its organisations are collecting solid evidence to confirm the death of Taliban leader Baitullah Mehsud in a drone attack. "We will confirm it once we get the solid evidence in
Published 12 Aug, 2009 12:00am
'Provision of selfless services to masses is government's priority'

'Provision of selfless services to masses is government's priority'

Federal Minister for Communications Dr Arbab Alamgir Khan Khalil said that the provision of selfless services to the masses and the resolution of their genuine problems were the priorities of the PPP-led coalition government. He expressed these views whil
Published 12 Aug, 2009 12:00am
ABL declares 20 percent interim dividend

ABL declares 20 percent interim dividend

The Allied Bank of Pakistan (ABL) has posted a record profit after tax of Rs 3.06 billion for the half year of 2009, and declared a 20 percent interim cash dividend. According to financial results of the bank despatched to Karachi Stock Exchange here on T
Published 12 Aug, 2009 12:00am
ABL declares 20 percent interim dividend

ABL declares 20 percent interim dividend

The Allied Bank of Pakistan (ABL) has posted a record profit after tax of Rs 3.06 billion for the half year of 2009, and declared a 20 percent interim cash dividend. According to financial results of the bank despatched to Karachi Stock Exchange here on T
Published 12 Aug, 2009 12:00am
People actively participate in urs celebrations of Lal Shahbaz Qalandar

People actively participate in urs celebrations of Lal Shahbaz Qalandar

The festivities of 757th three days annual urs celebrations of Hazrat Syed Usman Marvandi Lal Shahbaz Qalandar began with zeal and enthusiasm, as tens of thousands of devotees including men, women and children, from different parts of the country and abro
Published 12 Aug, 2009 12:00am
MCB-RBS: What this deal really means for some in the industry?

MCB-RBS: What this deal really means for some in the industry?

Who could be a better negotiator than Mian Muhammad Mansha? Buying RBS operations at 0.7 times the book value, while selling part of MCB's non-controlling stake at 5.1 times the book last year, gives an insight into this one of the richest men in Pakistan
Published 12 Aug, 2009 12:00am
No need to get excited over falling trade gap

No need to get excited over falling trade gap

Hurray for falling trade gap that eased 31 percent over July 2009 and 36 percent on a month-on-month basis. However, let's not get euphoric so fast, as statistics often fail to unveil more important things. And in this case it is the declining export numb
Published 12 Aug, 2009 12:00am
KSE-100 index: the long view and the short

KSE-100 index: the long view and the short

It's been nearly four and a half months of consolidation on the Karachi Stock Exchange. The move that comes largely as a corrective mechanism points to wait-and-see game adopted by the investors, as they settle in, while trying to gauge what does the futu
Published 12 Aug, 2009 12:00am
IMF fund for social protection to pave way for structural reforms

IMF fund for social protection to pave way for structural reforms

Many had criticised when Pakistan signed up for IMF's programme last year. But this week's approval of additional poverty-alleviation centric lending by the IMF should silence those critics, whatever is left of them, even more.
Published 12 Aug, 2009 12:00am
Sindh government to release wheat at subsidised rates

Sindh government to release wheat at subsidised rates

The Sindh government would release wheat to the flour millers by next week at a reduced price of Rs 2,000 per 100-kilogram bag to facilitate masses during the holy month of Ramazan-ul-Mubarak, it is reliably learnt. The decision was taken in a recent meet
Published 12 Aug, 2009 12:00am
Lawyers again torture cop, get murder accused freed

Lawyers again torture cop, get murder accused freed

A group of lawyers again tortured a police officer and got free a murder accused from his custody here after the Chief Justice of Lahore High Court rejected the bail plea of the accused. It has become a routine affair that either a cop or media person fal
Published 12 Aug, 2009 12:00am
Seminar on 'Saarc Governments' Commitment to Economic Freedom'

Seminar on 'Saarc Governments' Commitment to Economic Freedom'

"Economic Freedom is incomplete without political freedom and a politically sound state is pre-requisite for economic liberalisation in the country." This was stated by Tariq Sayeed, President, Saarc Chamber of Commerce and Industry in his welcome address
Published 12 Aug, 2009 12:00am
CTO ordered to appear before court

CTO ordered to appear before court

The Lahore High Court (LHC) here on Tuesday took suo motu notice in a view of suspension of three wardens, as they fined (challaned) a friend of senior traffic officer's wife for violating traffic signal, and sought personal appearance of Chief Traffic of
Published 12 Aug, 2009 12:00am
Silkbank on track to meet long-term goals

Silkbank on track to meet long-term goals

The Silkbank remains on course to meet its long term goals and is fully committed to enhance its capital to meet regulatory requirements. The fresh capital injection is fully backed by the bank's sponsors namely Nomura Investments, IFC (World Bank Group)
Published 12 Aug, 2009 12:00am
SDC unveils training programme on AutoCAD

SDC unveils training programme on AutoCAD

Skill Development Council, Deputy Chairman, Muhammad Aslam Bhutta has unveiled a comprehensive training programme on AutoCAD here on Tuesday. While inaugurating he said that this will introduce students to the processes tools and methodology of computer d
Published 12 Aug, 2009 12:00am
Workshop on multiple indicator cluster survey

Workshop on multiple indicator cluster survey

The Additional Chief Secretary Fata Secretariat, Habibullah Khan has underlined the need of durable peace and security in Fata and said it had always remained the utmost endeavour of the government to create an environment for socio-economic uplift of the
Published 12 Aug, 2009 12:00am
TACCI demands compensation for industrial losses

TACCI demands compensation for industrial losses

President, Tribal Areas Commerce and Industry (TACCI), Mohammad Akbar Khan advocate has called for the payment of compensation to damaged machinery of the industrial units in Fata and Provincially Administrated Tribal Areas (Pata) due to militancy.
Published 12 Aug, 2009 12:00am
Government to facilitate overseas business community: Fahim

Government to facilitate overseas business community: Fahim

Federal Commerce Minister, Makhdoom Amin Fahim spent a busy day in US Virgin Islands (USVI) with Pakistani business community based in the Caribbean region. The traders and investors shared their experiences with the Minister and apprised him of the poten
Published 12 Aug, 2009 12:00am
Sindh Cabinet condemns Gojra incident

Sindh Cabinet condemns Gojra incident

Sindh Cabinet, which met here on Tuesday with Chief Minister Syed Qaim Ali Shah, at Sindh Secretariat, strongly condemned the Gojra incident. The cabinet members observed two minute silence for all those who lost lives in the incident.
Published 12 Aug, 2009 12:00am
Need of adopting principles of UN Global Compact stressed

Need of adopting principles of UN Global Compact stressed

Deputy Speaker Sindh Assembly, Shehla Raza on Tuesday stressed the need of adopting the principles of the UN Global Compact to promote decent employment. She was speaking at the 3rd Annual Global Compact meeting, which was jointly organised by Employers'
Published 12 Aug, 2009 12:00am
Teams set up to monitor prices of essential commodities

Teams set up to monitor prices of essential commodities

The Price Review Committee District Peshawar on Tuesday divided the district into five zones and constituted raiding teams to ensure the availability of essential commodities on prices fixed by the committee. The decision into this effect has been taken d
Published 12 Aug, 2009 12:00am
Millat Tractors launches 50-hp tractor

Millat Tractors launches 50-hp tractor

Millat Tractors Limited, the manufacturer of Massey Ferguson tractors in Pakistan has launched a new 50-hp tractor model, MF-350 here on Tuesday. The launching ceremonies were being held at dealerships across the country in the presence of company officia
Published 12 Aug, 2009 12:00am
Sindh government sanctions increase in pensions

Sindh government sanctions increase in pensions

The Sindh government has sanctioned an increase in pension of its pensioners from July 1, 2009 with rate of 20 per cent of those pensioners who retired on or before 30-6-1999 and 15 per cent of those pensioners who retied after 30-6-1999. The 15 percent i
Published 12 Aug, 2009 12:00am
Over 750 people registered for sixth Asian Buffalo Congress

Over 750 people registered for sixth Asian Buffalo Congress

Over 750 people from different countries of the world have so far registered for the 6th Asian Buffalo Congress being arranged by the University of Veterinary and Animal Sciences (UVAS) Lahore in collaboration with Livestock and Dairy Development Departme
Published 12 Aug, 2009 12:00am
Minorities Day observed

Minorities Day observed

Minorities Day was observed across the Southern Punjab on Tuesday to mark the sacrifices rendered by the minorities' communities for Pakistan's stability and movement for freedom. While Christians of Multan observed the black day because three Christians
Published 12 Aug, 2009 12:00am
Work at Fatima Jinnah Woman Hospital to begin from September

Work at Fatima Jinnah Woman Hospital to begin from September

The construction of Fatima Jinnah Woman Hospital, under PM package, will begin from September and the project would be completed within one year. Executive District Health Officer Dr Iftikhar Qureshi said while talking to newsmen on Tuesday. He said there
Published 12 Aug, 2009 12:00am
Independence Day Cycle Race today

Independence Day Cycle Race today

NWFP Cycling Association to organise Independence Day Cycling Race Wednesday (today), Secretary Nisar Ahmad told APP here on Tuesday. He said that the race would start from Ring Road-Nowshera-Ring Road in which more than 62 cyclists in two different age g
Published 12 Aug, 2009 12:00am
Seven killed as bus overturns

Seven killed as bus overturns

At least seven devotees were killed and 25 others injured when a bus packed with commuters turned over near Rahim Yar Khan, in Chawk Bahadurpur, owing to the breakage of its tie-rod. DPO Rahimyarkhan Ghulam Rasul Zahid said ,"Seven passenger died and 25 w
Published 12 Aug, 2009 12:00am
Police apprehends eleven terrorists

Police apprehends eleven terrorists

Eleven suspected terrorists had been arrested from Bhakkar, Sargodha and Dera Ghazi Khan and two suicide jackets, four klashnikovs, repeaters and explosives seized from their possession, Police said here on Tuesday. Police said Six suspected terrorists, i
Published 12 Aug, 2009 12:00am
Government urged to constitute NFC without delay

Government urged to constitute NFC without delay

Seraiki Inqilabi Council Chief, Muzaffar Hussain Khan Magassi, has demanded of the government to immediately constitute an 'independent' National Finance Commission, as provincial autonomy sans financial powers would not bring about the desired results. H
Published 12 Aug, 2009 12:00am
State land to be recovered from mafia

State land to be recovered from mafia

State land would be freed from the illegal occupation of encroachers, said Divisional Commissioner Hassan Iqbal on Tuesday. He said that a special drive had been launched across the division to dispossess the illegal occupants and restore government's pos
Published 12 Aug, 2009 12:00am
IMF and Pakistan

IMF and Pakistan

The Executive Board of the International Monetary Fund (IMF) has lowered the Gross Domestic Product (GDP) growth projections for Pakistan to 3 percent from 3.3 percent. Government circles would, no doubt, argue that this is mainly attributable to the cont
Published 12 Aug, 2009 12:00am
'PPCB providing loans to small farmers at their doorstep'

'PPCB providing loans to small farmers at their doorstep'

Punjab Provincial Co-operative Bank Limited (PPCBL) Ltd being the only scheduled bank in co-operative sector was offering loans to the small farmers at their doorstep besides latest banking facilities to its clients. Managing Director Chief Operating Offi
Published 12 Aug, 2009 12:00am
TTP at the fork

TTP at the fork

Short of forensic exhibits, the authorities in Islamabad and Washington have enough evidence to believe that the chief of the Tehrik-i-Taliban Pakistan (TTP), Baitullah Mehsud, is dead. If that were not true, by now that is five days since his reported de
Published 12 Aug, 2009 12:00am
A Samurai's Confessions: Creative policy change towards the Taliban

A Samurai's Confessions: Creative policy change towards the Taliban

There is something discernibly positive that was being worked out on July 27, 2009 in northern Afghanistan between local elders and a group of Taliban for a truce in order to allow presidential and local elections to go ahead on August 20, 2009.
Published 12 Aug, 2009 12:00am
Good Morning: Pakistan at a crossroads -major storms ahead?

Good Morning: Pakistan at a crossroads -major storms ahead?

There was a time when there were neither so many traffic intersections in our urban centres, nor was Pakistan at a crossroads so very often. It has become almost a deafening, depressing cliché to contend that this 62-year-old Islamic republic is at the cr
Published 12 Aug, 2009 12:00am
Geneva Conventions at 60: Standing the test of time?

Geneva Conventions at 60: Standing the test of time?

Around the end of the 16th century, the phrase "All's fair in love and war" began to be used in various forms. While love still does not have a universally accepted rule book, war, however, has been given laws, particularly the Geneva Conventions, which a
Published 12 Aug, 2009 12:00am
Musharraf's trial

Musharraf's trial

Whilst addressing the party members on August 4th, President Asif Zardari spoke about Pervez Musharraf's statement, in which he said that he would have remained President, if Benazir had been alive. Without attempting to contradict the statement, AZ bragg
Published 12 Aug, 2009 12:00am
US MIDDAY: gold mostly flat

US MIDDAY: gold mostly flat

US gold futures were mostly flat early Tuesday with a lower bias as a resilient dollar and chart-based weakness prompted investors to sell the metal. December gold down $2.10 at $944.80 an ounce at 10:10 am EDT (1410 GMT) on the COMEX division of the New
Published 12 Aug, 2009 12:00am
US MIDDAY: soyabeans and corn up; wheat down

US MIDDAY: soyabeans and corn up; wheat down

August soyabean futures on the Chicago Board of Trade rose 12 cents to $11.82-1/2 per bushel on Tuesday amid news China bought more US soya and dwindling supplies of soya, traders said. September wheat down 4-3/4 cents per bushel to $4.89-1/2. Global glut
Published 12 Aug, 2009 12:00am
US MIDDAY: copper dips

US MIDDAY: copper dips

US copper futures surrendered earlier gains and headed into negative territory Tuesday morning, pulled lower by a modest bounce in the dollar and down despite supportive trade data from China, the world's top copper consumer. Copper for September delivery
Published 12 Aug, 2009 12:00am
US MIDDAY: coffee, sugar and cocoa fall

US MIDDAY: coffee, sugar and cocoa fall

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Tuesday. September arabica coffee contract dropped 0.55 cent to $1.3530 per lb at 11:04 am EDT (1504 GMT). Session range from $1.3415 to $1.3640. Arabica futures dropped amid pressur
Published 12 Aug, 2009 12:00am
Gold eases in Europe

Gold eases in Europe

Gold eased in Europe on Tuesday, reversing earlier gains, as the dollar swung towards a session high versus the euro amid caution ahead of a two-day Federal Reserve meeting on monetary policy. Spot gold was bid at $942.45 an ounce at 1406 GMT, against $94
Published 12 Aug, 2009 12:00am
London sugar futures hit record high

London sugar futures hit record high

Raw sugar futures hovered near a 28-year high and white sugar futures hit another record peak on Tuesday driven by expectations of strong demand from top consumer India, dealers said. October white sugar closed up $2.60 at $560.00 a tonne on Tuesday, havi
Published 12 Aug, 2009 12:00am
Oil falls on US data

Oil falls on US data

Oil prices fell on Tuesday as doubts resurfaced over the pace of economic recovery after data showed another drop in US wholesale business inventories and the US government revised lower its forecast for global oil demand. The US Commerce Department repor
Published 12 Aug, 2009 12:00am
Copper slips

Copper slips

Copper slipped on Tuesday as the market paused to assess data from top consumer China on economic growth and metals demand, showing an end to record inflows of the metal used in power and construction. Three-month copper on the London Metal Exchange close
Published 12 Aug, 2009 12:00am
New York cotton stays at three-week high

New York cotton stays at three-week high

Cotton futures finished on Tuesday at a three-week high on late investor buying as players braced for the release of a key government crop report, brokers said. The December cotton contract in New York added 0.25 cent to end at 64 cents per lb. On the sec
Published 12 Aug, 2009 12:00am
Banks and miners drag down FTSE

Banks and miners drag down FTSE

Britain's top share index shed 1.1 percent on Tuesday knocked by weakness in heavyweight banks, miners, and oils, with defensive issues back in favour headed by International Power after pleasing first-half results. The FTSE 100 index was 50.86 points low
Published 12 Aug, 2009 12:00am
Indian shares higher

Indian shares higher

Indian shares rose 0.43 percent Tuesday on bargain hunting by funds, snapping three days of losses, dealers said. The benchmark 30-share Sensex index rose 64.82 points to 15,074.59. Indian share prices had dipped nearly six percent in the previous three d
Published 12 Aug, 2009 12:00am
Tuesday's midday trade: financial stocks drag Wall Street down

Tuesday's midday trade: financial stocks drag Wall Street down

US stocks slid on Tuesday after a prominent banking analyst warned that the sector's fundamentals have not yet improved, sparking a sell-off in bank shares. Economic data showing an unexpectedly large fall in wholesalers' inventories added to the bearish
Published 12 Aug, 2009 12:00am
Indonesian bond yields jump

Indonesian bond yields jump

Indonesian bond yields rose to their highest in over a month on Tuesday, as faster-than-expected second-quarter economic growth raised expectations that the central bank's easing cycle may be over, traders said. "There has been a significant rally in the
Published 12 Aug, 2009 12:00am
Indonesian bond yields jump

Indonesian bond yields jump

Indonesian bond yields rose to their highest in over a month on Tuesday, as faster-than-expected second-quarter economic growth raised expectations that the central bank's easing cycle may be over, traders said. "There has been a significant rally in the
Published 12 Aug, 2009 12:00am
Thai shares fall

Thai shares fall

The Thai stock market lost 0.11 percent Tuesday as investors adopted a wait-and-see attitude ahead of a public holiday, an analyst said. The Stock Exchange of Thailand (SET) composite index dropped 0.73 points to close at 643.02 and the blue chip SET-50 i
Published 12 Aug, 2009 12:00am
Dollar Libor at record low

Dollar Libor at record low

The interbank cost of borrowing three-month dollars set a new record low on Tuesday on the eve of the US Federal Reserve's policy statement, but equivalent euro costs edged up for a second straight day. While the US central bank is expected to keep benchm
Published 12 Aug, 2009 12:00am
Indian rupee drops

Indian rupee drops

The Indian rupee weakened on Tuesday in tandem with lower Asian currencies and weighed down by sporadic dollar demand from importers. The partially convertible rupee closed at 47.97/98 per dollar, off an early low of 48.04, its weakest since July 31 and 0
Published 12 Aug, 2009 12:00am
High-yielders slide in London

High-yielders slide in London

High-yielding currencies fell on Tuesday, hit after European shares and oil prices relinquished early gains, while the dollar was being supported as investors pondered whether it could sustain gains from a recent rally. The Australian and New Zealand doll
Published 12 Aug, 2009 12:00am
Pound slips

Pound slips

Sterling hit a two-week low versus the euro on Tuesday and matched a one-week low against the dollar as investors sold the pound on expectations the Bank of England would set a dovish tone in its upcoming Inflation Report. The UK currency brushed off sign
Published 12 Aug, 2009 12:00am
War criminals finding 'safe haven' in UK

War criminals finding 'safe haven' in UK

Inconsistencies in the way Britain applies international law are allowing war criminals to visit the country with impunity, a parliamentary committee said on Tuesday. The government has not fully implemented international conventions to give British court
Published 12 Aug, 2009 12:00am
Israeli general resigns in traffic accident scandal

Israeli general resigns in traffic accident scandal

The Israeli general in command of the Lebanon front against Hezbollah has resigned after he lied about a minor traffic accident, the army said on Tuesday. The story prompted a flood of media comment on those who lead Israel's youth in the conscript army -
Published 12 Aug, 2009 12:00am
Four hostages from French NGO freed in Somalia

Four hostages from French NGO freed in Somalia

Four aid workers from the French relief group Action Contre La Faim (Action Against Hunger) have been released in Somalia after being held hostage for nine months, the French presidency said Tuesday. Somali gunmen had seized the two French women, a Belgia
Published 12 Aug, 2009 12:00am
Russia sees US space threat, builds new rocket

Russia sees US space threat, builds new rocket

The United States will be able to hit any target in Russia from space by 2030, the commander of Russia's air force said on Tuesday, announcing that Moscow will develop a new air defence system to avert the threat.
Published 12 Aug, 2009 12:00am
Over 700 trapped in Taiwan villages after mudslide

Over 700 trapped in Taiwan villages after mudslide

More than 700 people are trapped, possibly dead, in two southern Taiwan villages engulfed by mudslides after typhoon Morakot swamped the island, the military said on Tuesday. More than 90 people, including 50 in Taiwan, have been confirmed dead since Mora
Published 12 Aug, 2009 12:00am
Powerful quakes strike Japan, India

Powerful quakes strike Japan, India

Powerful earthquakes just over 10 minutes apart rattled Japan and India on Tuesday, triggering panic on fears of a tsunami in the Andaman Islands and injuring more than 100 people south-west of Tokyo. The unrelated quakes struck in the early hours, shutti
Published 12 Aug, 2009 12:00am
Thai court refuses to extradite 'Merchant of Death'

Thai court refuses to extradite 'Merchant of Death'

A Thai court on Tuesday refused to extradite alleged Russian arms dealer Viktor Bout to the United States to face trial on charges of supplying weapons to Colombian rebels. The US wanted to try Bout, dubbed the "Merchant of Death", for conspiracy to sell
Published 12 Aug, 2009 12:00am
Tajikistan jails five members of Islamic group

Tajikistan jails five members of Islamic group

A Tajik court has jailed five members of the Islamic movement Tablighi Jamaat for anti-government propaganda, continuing a series of tough measures against religious movements not endorsed by Central Asian governments. Increased fighting in nearby Afghani
Published 12 Aug, 2009 12:00am
Afghan leader sees peaceful poll; troops ambushed

Afghan leader sees peaceful poll; troops ambushed

The Taliban will not be able to derail this month's Afghan elections, President Hamid Karzai vowed on Tuesday, as military officials said at least seven Afghan and foreign troops had been killed in the latest violence. The Taliban have vowed to disrupt th
Published 12 Aug, 2009 12:00am
Suu Kyi ordered back into house detention

Suu Kyi ordered back into house detention

A court in army-ruled Myanmar on Tuesday sentenced opposition leader Aung San Suu Kyi to 18 months in detention, a verdict that drew condemnation abroad and will keep her off the political stage ahead of next year's elections. The court handed down a thre
Published 12 Aug, 2009 12:00am
China launches massive military exercise

China launches massive military exercise

China's military launched Tuesday its largest ever tactical military exercise, involving 50,000 heavily-armoured troops in a long-distance deployment spanning thousands of kilometres, state press said. The live-fire manoeuvres named "Stride-2009" will inv
Published 12 Aug, 2009 12:00am
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