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Print - 2009-09-19
'Traders, industrialists are back bone of economy'

'Traders, industrialists are back bone of economy'

The Punjab government is committed to have close collaboration with Chambers of Commerce and Industry (CCI) in the Province for accommodating the Business Community in their Trade activities. These views were expressed by the Consultant to Chief Minister
Published 19 Sep, 2009 12:00am
US MIDDAY: soyabeans and wheat up; corn down

US MIDDAY: soyabeans and wheat up; corn down

Chicago Board of Trade soyabeans turned up early Friday, led by front-month November on strong Chinese demand for soy and rains delaying the US Delta harvest, traders said. November up 5 cents at $9.58 a bushel. December last down 5 cents at $3.24 a bushe
Published 19 Sep, 2009 12:00am
US MIDDAY: copper stumbles

US MIDDAY: copper stumbles

US copper futures lost more than 2 percent of their value at the open on Friday, weighed down by a rebound in the dollar and ongoing concerns about above-ground stock builds and uncertain demand prospects from China, the world's top copper consumer.
Published 19 Sep, 2009 12:00am
US MIDDAY: coffee and sugar weak; cocoa up

US MIDDAY: coffee and sugar weak; cocoa up

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Friday. December arabica coffee contract eased 0.10 cent to $1.3595 per lb at 10:59 am EDT (1459 GMT). Session range from $1.3380 to $1.3710, the highest since August 13.
Published 19 Sep, 2009 12:00am
Gold steadies above $1,010 in European trade

Gold steadies above $1,010 in European trade

Gold was steady above $1,010 an ounce on Friday as the dollar recovered some lost ground against the euro, denting interest in the metal as an alternative asset. But prices were well supported by strong dip buying, as investors continued to bet on a break
Published 19 Sep, 2009 12:00am
London cocoa hits contract high

London cocoa hits contract high

December cocoa ended 41 pounds higher at 2,018 pounds per tonne on Friday, having earlier touched a contract high of 2,025 pounds per tonne on technical buying, strong fundamentals and the weak pound which makes sterling-denominated futures better value i
Published 19 Sep, 2009 12:00am
Oil slips toward $72

Oil slips toward $72

Oil prices slipped toward $72 a barrel on Friday as dealers took profits from a 5 percent rally earlier in the week and the US dollar bounced from a near-one-year low. US crude for October delivery fell 43 cents to settle at $72.04 a barrel while London B
Published 19 Sep, 2009 12:00am
Copper falls over three percent

Copper falls over three percent

Copper fell more than 3 percent on Friday, weighed by rising inventories, slowing Chinese imports and broad-based losses across commodity markets linked to a rebounding dollar. Copper for three-months delivery on the London Metal Exchange ended at $6,175
Published 19 Sep, 2009 12:00am
New York cotton jumps to month high

New York cotton jumps to month high

Cotton futures rose on Thursday for the third consecutive session, hitting a one-month high on a day when most other commodities fell, with buyers expecting the fibre to benefit from a rebounding economy. The December cotton contract in New York gained 0.
Published 19 Sep, 2009 12:00am
Sugar crushing units: millers announce to lock workers out

Sugar crushing units: millers announce to lock workers out

The sugar mill owners have announced to lock out sugarcane processing units during the 2009-10 crushing season in protest against Lahore High Court (LHC) orders on fixing sugar prices at Rs 40/kg, and demanded of the government to reduce the prices of 40/
Published 19 Sep, 2009 12:00am
Speaker, Deputy Speaker condemn blast

Speaker, Deputy Speaker condemn blast

Speaker National Assembly Dr Fehmida Mirza and Deputy Speaker Faisal Karim Kundi on Friday condemned suicide blast in Kohat and expressed grief and sorrow over the loss of precious lives. In their separate messages, the Speaker and Deputy Speaker termed t
Published 19 Sep, 2009 12:00am
SPSC application forms-submission date extended

SPSC application forms-submission date extended

The Sindh Public Service Commission (SPSC) Hyderabad has extended the last date for submitting application forms for a number of positions to September 30.
Published 19 Sep, 2009 12:00am
Rs 4.3 billion earmarked for 65 uplift schemes in Islamabad

Rs 4.3 billion earmarked for 65 uplift schemes in Islamabad

A total of Rs 4.3 billion has been allocated for 65 schemes in Islamabad Development Package, including health, education, gas and rural development, for three years, said an Islamabad Capital Territory (ICT) report on Friday.
Published 19 Sep, 2009 12:00am
Government of Punjab and Microsoft sign MoU

Government of Punjab and Microsoft sign MoU

The Education Department, Government of Punjab has signed MoU with Microsoft Pakistan under the "Partners in Learning" global program of the company. This collaboration aims to provide schools, governments and partners with resources, training, expertise
Published 19 Sep, 2009 12:00am
FCCI President donates Rs one billion to Swat victims

FCCI President donates Rs one billion to Swat victims

President Faisalabad Chamber of Commerce and Industry (FCCI) Hamid Javed called on Punjab Chief Minister, Muhammad Shahbaz Sharif and presented a cheque of Rs 1 million for the relief and rehabilitation of Swat affectees here on Friday.
Published 19 Sep, 2009 12:00am
Jumat-Ul-Wida observed with religious fervour

Jumat-Ul-Wida observed with religious fervour

Jumat-Ul-Wida, the last Friday of the holy month of Ramazan, was observed in the city with traditional religious zeal and reverence. Millions of fasting people offered Friday prayers at mosques and prayer grounds. At many places, the faithful even offered
Published 19 Sep, 2009 12:00am
Transfers and postings in FBR

Transfers and postings in FBR

Federal Board of Revenue (FBR) has transferred and posted two officials of Income Tax Group (BS-18) with immediate effect. According to a notification issued here on Friday, Mussarat Ullah Khan (Income Tax Group/BS-18), Deputy Commissioner, Large Taxpayer
Published 19 Sep, 2009 12:00am
Government urged to provide incentives for IT boost

Government urged to provide incentives for IT boost

The government should provide incentives and extend support to promote information technology to help improve the economy and foreign exchange reserves of the country," Syed Asad Mashhadi, President, Rawalpindi Chamber of Commerce and Industry, said here
Published 19 Sep, 2009 12:00am
Kohat Bomb blast condemned

Kohat Bomb blast condemned

The Acting President, Farooq H. Naek has strongly condemned the cowardly bomb blast in the suburban area of Kohat on Friday afternoon and termed it nothing but an act of creating chaos and instability in the country. He observed that terrorists after losi
Published 19 Sep, 2009 12:00am
UN chief slams suicide bomb attack

UN chief slams suicide bomb attack

UN chief Ban Ki-moon blasted Friday's suicide car bomb attack that killed 33 people in a market. "The secretary general condemns today's suicide car bomb attack at a village market which reportedly killed more than 33 people and injured dozens," a UN stat
Published 19 Sep, 2009 12:00am
Launching of MCB Cash Management Optimizer Fund

Launching of MCB Cash Management Optimizer Fund

MCB AMC is launching "MCB Cash Management Optimizer Fund" through an IPO from September 28 to September 30. MCB C'MOP is purely a money market fund. This fund is ideal for investors who are seeking short-term parking for their surplus liquidity. MCB Asset
Published 19 Sep, 2009 12:00am
French farmers dump milk to protest price slump

French farmers dump milk to protest price slump

Angry French farmers dumped millions of liters of fresh milk next to one of France's most famous tourist sites on Friday to denounce the slumping cost of milk and an EU plan to end production quotas, which could further drive prices down. APLI, a small da
Published 19 Sep, 2009 12:00am
Iran must 'now decide' on nuclear talks: Clinton

Iran must 'now decide' on nuclear talks: Clinton

Secretary of State Hillary Clinton urged Iran Friday to engage in talks with the United States and other powers on its suspect nuclear activities or face the consequences. Clinton made the appeal before she and President Barack Obama consult partners at t
Published 19 Sep, 2009 12:00am
Arctic ice pack at third lowest extent since 1979: US

Arctic ice pack at third lowest extent since 1979: US

The Arctic sea ice pack thawed to its third smallest size on record during the northern hemisphere summer of 2009, US government scientists said, citing satellite images. While the sea ice pack at its lowest 2009 point was slightly larger than both the re
Published 19 Sep, 2009 12:00am
US sees 3-5 year delay in Iranian long-range missile

US sees 3-5 year delay in Iranian long-range missile

A new US intelligence assessment that Iran would need three to five more years than previously thought to build long-range missiles underpinned President Barack Obama's decision to overhaul a missile shield system in Europe, officials said on Thursday.
Published 19 Sep, 2009 12:00am
Threatening note forces plane to return to Miami

Threatening note forces plane to return to Miami

A threatening note forced a Boston-bound airplane to return to a Miami airport about 40 minutes after takeoff, but nothing suspicious was found. Airport spokesman Greg Chin says a flight attendant found a note in one of the plane's bathrooms Thursday nigh
Published 19 Sep, 2009 12:00am
US court rejects election limits for non-profits

US court rejects election limits for non-profits

Federal regulations restricting how non-profit groups spend and raise money to advance policy positions and support political candidates violate free-speech rights, a US appeals court ruled on Friday. The ruling striking down the regulations was a victory
Published 19 Sep, 2009 12:00am
Bush cabinet official target of corruption probe

Bush cabinet official target of corruption probe

The US Justice Department has launched an investigation into whether former Interior Secretary Gale Norton illegally used her position to steer lucrative oil leases to Royal Dutch Shell PLC, the company she now works for, officials with both departments c
Published 19 Sep, 2009 12:00am
No UN meeting for Obama and Ahmadinejad

No UN meeting for Obama and Ahmadinejad

A top adviser to Barack Obama says the president will not meet with Iranian President Mahmoud Ahmadinejad at the United Nations next week. Susan Rice, the US ambassador to the United Nations, said, ``I don't expect that they will have a direct engagement.
Published 19 Sep, 2009 12:00am
Ahmadinejad told 'no vacancy' at New York Helmsley Hotel: report

Ahmadinejad told 'no vacancy' at New York Helmsley Hotel: report

New York's posh Helmsley Hotel is saying no vacancy to Iranians planning to host President Mahmoud Ahmadinejad at a banquet next week, the New York Post reported Friday. The Post said the Helmsley cancelled the booking after discovering at the last minute
Published 19 Sep, 2009 12:00am
North Korea's nuclear vows fail to sway sceptics

North Korea's nuclear vows fail to sway sceptics

North Korean leader Kim Jong-il told a visiting Chinese envoy he will work to end his country's nuclear arms programme through multilateral talks in an apparent breakthrough, but similar vows in the past have not been met with action.
Published 19 Sep, 2009 12:00am
Taiwan ends bid for UN seat

Taiwan ends bid for UN seat

Taiwan said Friday that it has stopped seeking the United Nations membership - and would focus instead on joining UN- related organisations. "It is better to seek to join a practical organisation rather than trying to do something which is hopeless and ca
Published 19 Sep, 2009 12:00am
Biden warns Afghanistan troop decision 'premature'

Biden warns Afghanistan troop decision 'premature'

Vice President Joe Biden said Thursday it was too early to tell if more US troops should be dispatched to Afghanistan, where a Taliban-led insurgency is on the rise. "It's much too premature to make a judgement that we need more troops, let alone tens of
Published 19 Sep, 2009 12:00am
Iraq car bomb kills seven

Iraq car bomb kills seven

Seven people were killed and 21 others wounded by a car bomb just outside Baghdad on Friday evening, a security official said. The bomb exploded in the town of Mahmudiyah, south of Baghdad, at around 6:00 pm (1500 GMT) in a popular market as people were s
Published 19 Sep, 2009 12:00am
Paraguay revokes invitation to US troops

Paraguay revokes invitation to US troops

President Fernando Lugo on Thursday said he has decided to cancel plans for US troops to come to Paraguay next year for joint military exercises and development projects. Lugo told reporters that he was no longer in favour of hosting visiting troops parti
Published 19 Sep, 2009 12:00am
FTSE 100 logs sixth straight session of gains

FTSE 100 logs sixth straight session of gains

Britain's leading share index logged a sixth straight session of gains on Friday, up 0.2 percent supported by early gains on Wall Street, with a switch into defensives and some profit-taking in commodity issues. At the close, the FTSE 100 was 8.94 points
Published 19 Sep, 2009 12:00am
European CDS widen

European CDS widen

European credit default swap spreads widened on Friday ahead of a roll-over to a new series of CDS indexes that start trading on Monday. The flow of new bond issuance slowed down slightly but there has already been about 19.5 billion euros of non-financia
Published 19 Sep, 2009 12:00am
Indian shares edge up

Indian shares edge up

Indian shares rose 0.18 percent on Friday in choppy trade, closing off earlier highs as investors unwound positions ahead of the weekend, dealers said. The benchmark 30-share Sensex index climbed 30.19 points to 16,741.3, a near 16-month high. India's sto
Published 19 Sep, 2009 12:00am
European CDS widen

European CDS widen

European credit default swap spreads widened on Friday ahead of a roll-over to a new series of CDS indexes that start trading on Monday. The flow of new bond issuance slowed down slightly but there has already been about 19.5 billion euros of non-financia
Published 19 Sep, 2009 12:00am
UK lending indicates transmission failure

UK lending indicates transmission failure

Data on Friday showed that the mass of central bank liquidity pumped into the UK financial system is struggling to get out into the "real" economy, suggesting the transmission mechanism of bank credit is still impaired. Net lending to British firms fell i
Published 19 Sep, 2009 12:00am
Singapore shares lower

Singapore shares lower

Singapore shares closed 0.92 percent lower Friday in line with other regional markets as investors took profits ahead of a long weekend, dealers said. The blue chip Straits Times Index fell 24.69 points to 2,647.91 on volume of 2.18 billion shares worth 1
Published 19 Sep, 2009 12:00am
Friday's midday trade: Wall Street edges up

Friday's midday trade: Wall Street edges up

US stocks clung to slim gains in a choppy session on Friday as a stronger dollar and quarterly options expiration unsettled investors before the weekend. Positive broker comments on Procter & Gamble Co and Chevron Corp helped lift the Dow industrials and
Published 19 Sep, 2009 12:00am
Indian rupee stays up

Indian rupee stays up

The Indian rupee notched up its second consecutive weekly gain on Friday on inflows from a share sale to foreigners by Axis Bank and as investors squared positions ahead of a long weekend. The partially convertible rupee ended at 48.13/48.14 per dollar, a
Published 19 Sep, 2009 12:00am
Sterling stumbles

Sterling stumbles

Sterling slumped to a four-month low against the euro on Friday, stung by news that the UK government was tightening the terms for one of the nation's banks to exit its asset-protection scheme, which underlined the fragility of the UK banking sector. The
Published 19 Sep, 2009 12:00am
Dollar springs back in London

Dollar springs back in London

The dollar rose against most major currencies on Friday, clawing off a one-year low against the euro as waning risk appetite cut demand for higher-yielding currencies, giving the bruised greenback some respite. The dollar has retreated broadly since March
Published 19 Sep, 2009 12:00am
Turkey to buy long-range missile defence system

Turkey to buy long-range missile defence system

Turkey's military on Friday said it was planning to spend close to $1 billion (euro 680 million) for its first long-range missile defence system. The Turkish announcement came a day after US President Barack Obama cancelled a long-planned missile shield f
Published 19 Sep, 2009 12:00am
Bombs kill Canadian, US troops in Afghanistan

Bombs kill Canadian, US troops in Afghanistan

A US service member and a Canadian soldier died in separate roadside bomb explosions in southern Afghanistan, officials said Friday, announcing new deaths from a day that claimed the lives of a total of nine international troops. At the bomb site in Kabul
Published 19 Sep, 2009 12:00am
Nato proposes new era of co-operation with Russia

Nato proposes new era of co-operation with Russia

Nato proposed a new era of co-operation with Russia on Friday, calling for joint work with Moscow and Washington on missile defence after the United States scrapped a planned anti-missile system. Russian Prime Minister Vladimir Putin described as "correct
Published 19 Sep, 2009 12:00am
US envoy faces stalemate with Israel, Palestinians

US envoy faces stalemate with Israel, Palestinians

A burst of shuttle diplomacy by US President Barack Obama's Middle East envoy on Friday produced no immediate results, with Palestinian and Israeli leaders still at odds over terms for resuming direct talks. An Israeli official said after envoy George Mit
Published 19 Sep, 2009 12:00am
Iranian president raises stakes against Israel

Iranian president raises stakes against Israel

President Mahmoud Ahmadinejad has raised the stakes against Israel by describing the Holocaust as a lie, just as world powers are trying to decide how to deal with the nuclear ambitions of an Iran in political turmoil. "The pretext (Holocaust) for the cre
Published 19 Sep, 2009 12:00am
Northern Ireland police supplied 'anti-terrorism' training to Libya

Northern Ireland police supplied 'anti-terrorism' training to Libya

Police officers from Northern Ireland have been involved in the anti-terrorism training of police forces of Libyan leader Moamer Gaddafi, the authorities in Belfast said Friday. Confirmation that serving police officers from the troubled British province
Published 19 Sep, 2009 12:00am
Former Morgan Stanley banker jailed for seven years

Former Morgan Stanley banker jailed for seven years

A Hong Kong court on Friday sentenced a former senior banker at Morgan Stanley to seven years in jail - the heaviest punishment it can impose - in the city's largest insider dealing case. Du Jun was convicted on 10 charges for buying 87 million Hong Kong
Published 19 Sep, 2009 12:00am
Guantanamo inmates can talk to families via video link

Guantanamo inmates can talk to families via video link

The International Red Cross says it has set up video links allowing Guantanamo Bay inmates to talk to their families and friends face to face. The International Committee of the Red Cross says more than 60 detainees registered to make calls when the initi
Published 19 Sep, 2009 12:00am
US, British generals lay out complex Afghan picture

US, British generals lay out complex Afghan picture

In the past two days, one US and three British generals have laid out their thinking on Afghanistan, and in doing so have revealed just how complex and even muddled the effort to defeat the Taliban has become. The latest to speak out was Major General Nic
Published 19 Sep, 2009 12:00am
Arab countries win IAEA resolution on Israeli nuclear arms

Arab countries win IAEA resolution on Israeli nuclear arms

An Arab resolution expressing concern about Israel's nuclear weapons was narrowly passed at the International Atomic Energy Agency (IAEA) Friday, in a vote exposing a rift between developing and industrialised countries. It was the first time that the IAE
Published 19 Sep, 2009 12:00am
German gave false account in Afghan strike order

German gave false account in Afghan strike order

Nato officials have accused a German officer of giving false information to the alliance when he ordered a deadly air strike in Afghanistan, the daily Financial Times Deutschland said Friday. The Nato sources, who spoke on condition of anonymity according
Published 19 Sep, 2009 12:00am
Cairo airport on flu alert as pilgrims head home

Cairo airport on flu alert as pilgrims head home

Cairo airport authorities reinforced swine flu testing measures on Friday as thousands of pilgrims were expected home from holy sites in Saudi Arabia, state-run MENA news agency said. Authorities are bracing themselves for the arrival of around 9,000 pilg
Published 19 Sep, 2009 12:00am
Russia holds major army exercises in Belarus

Russia holds major army exercises in Belarus

Thousands of Russian and Belarussian soldiers began joint training on Friday on the first day of a planned two weeks of war games and operational exercises. Taking part in the Zapad-2009 manoeuvres are 6,000 Russian service personnel, 6,500 Belorussians a
Published 19 Sep, 2009 12:00am
First Japanese unmanned cargo ship docks with space station

First Japanese unmanned cargo ship docks with space station

Japan's first unmanned cargo spacecraft docked Friday to the International Space Station to deliver 4.5 tons of goods to its crew.The H-II Transfer Vehicle manoeuvred within 10 metres of the station before astronauts on board used the station's robotic ar
Published 19 Sep, 2009 12:00am
Colombia suspends gas exports to Venezuela

Colombia suspends gas exports to Venezuela

Colombia suspended gas exports to Venezuela on Thursday for technical reasons, the country's state-controlled oil company said, amid a diplomatic spat between the two neighbours over military deals. "The original contract signed with Venezuela stipulated
Published 19 Sep, 2009 12:00am
10 killed as Indian troops storm Maoist stronghold

10 killed as Indian troops storm Maoist stronghold

At least nine Maoists and a soldier were killed Friday when Indian troops launched a major offensive against a rebel stronghold in the central state of Chhattisgarh, an official said. State police chief R. K. Vij put the toll at 10 but others said that mo
Published 19 Sep, 2009 12:00am
Twelve Polish coal miners killed in methane explosion

Twelve Polish coal miners killed in methane explosion

Twelve miners were killed on Friday in a methane explosion at the Wujek-Slask coal mine in southern Poland, said a spokeswoman for the country's mines authority. "Twelve coal miners are dead and 15 are in serious condition," Edyta Tomaszewska told AFP via
Published 19 Sep, 2009 12:00am
Afghanistan makes plans for Karzai-Abdullah run-off

Afghanistan makes plans for Karzai-Abdullah run-off

Afghanistan has begun contingency plans for a potential run-off to its deeply controversial presidential election as officers recount hundreds of thousands of suspect votes, officials said Friday. The Independent Election Commission (IEC), which has come
Published 19 Sep, 2009 12:00am
Four Croatian soldiers sent home for refusing Afghan duty

Four Croatian soldiers sent home for refusing Afghan duty

Four Croatian military policemen serving with Nato force in Afghanistan were sent home for refusing to work with inadequate equipment, local press reports said on Friday. Croatia's Chief of Staff General Josip Lucic ordered the four home earlier this mont
Published 19 Sep, 2009 12:00am
Malaysian Muslim lovers face caning

Malaysian Muslim lovers face caning

A Malaysian Islamic court has sentenced a young unmarried Muslim couple to six strokes each of the cane after they were caught trying to have sex in a car, a report said Friday. The Sharia High Court in central Selangor state also fined Mohamad Shahrin Ab
Published 19 Sep, 2009 12:00am
Beijing shut for National Day rehearsal

Beijing shut for National Day rehearsal

Businesses, schools, and traffic shut down in central Beijing on Friday as the government rehearsed for a huge October 1 military parade that will mark 60 years since the founding of Communist China. Columns of tanks and assorted other military vehicles b
Published 19 Sep, 2009 12:00am
Ohio town struggles after package giant DHL leaves

Ohio town struggles after package giant DHL leaves

Unemployment in this small US town has quadrupled in the past 16 months, but worse is to come as thousands of unemployed workers run out of severance money and benefits. "Things are going to get tighter around here toward the end of the year," said David
Published 19 Sep, 2009 12:00am
WWII Hurricane fighter plane for sale in Australia

WWII Hurricane fighter plane for sale in Australia

A fully restored Hurricane fighter plane from World War II is to be auctioned in Australia, organisers said Friday, with bids expected to reach up to four million dollars (3.5 million US). The 1940 Hawker Hurricane MkIIA was a veteran of four major campai
Published 19 Sep, 2009 12:00am
French judges to probe Guantanamo torture claims

French judges to probe Guantanamo torture claims

French judges, who have previously probed charges of illegal detention at Guantanamo Bay, will now investigate accusations of torture at the US camp in Cuba, legal officials said Friday. The probe follows a civil lawsuit filed by Khaled Ben Mustapha, a Fr
Published 19 Sep, 2009 12:00am
'Fab' five batsmen to watch out for at Champions Trophy

'Fab' five batsmen to watch out for at Champions Trophy

Tillakaratne Dilshan may not be a batting superstar in Sri Lanka's team like Sanath Jayasuriya or Kumar Sangakkara, but is one of most valuable players in all forms of the game. Sri Lanka's search for an explosive opening partner for Jayasuriya ended with
Published 19 Sep, 2009 12:00am
Croatian club avoids bankruptcy with Chelsea option deal

Croatian club avoids bankruptcy with Chelsea option deal

Croatian club Inter Zapresic have saved themselves from bankruptcy by agreeing an option-to-buy deal with Chelsea for teenage goalkeeper Matej Delac, they said on Friday. No financial details were given but Inter said that under the agreement Chelsea woul
Published 19 Sep, 2009 12:00am
Aston Villa drop Reo-Coker

Aston Villa drop Reo-Coker

Aston Villa have dropped midfielder Nigel Reo-Coker for Saturday's home Premier League game against Portsmouth after a row with manager Martin O'Neill in training. O'Neill rejected newspaper reports on Friday that the two had to be separated by other play
Published 19 Sep, 2009 12:00am
Paine century inspires Australia to crushing victory

Paine century inspires Australia to crushing victory

Opener Tim Paine scored his maiden international century on Thursday to help Australia thrash England by 111 runs in the sixth one-day international at Trent Bridge. Victory to Australia in the final game at Durham on Sunday would give the visitors an unp
Published 19 Sep, 2009 12:00am
Australia regain number one ODI team ranking

Australia regain number one ODI team ranking

World champions Australia have regained the top one-day ranking after their 111-run win over England in Nottingham on Thursday. Ricky Ponting's side, who have a 6-0 lead in the seven-match series, edged just ahead of South Africa and must win the final ga
Published 19 Sep, 2009 12:00am
Focus on exciting quintet of bowlers

Focus on exciting quintet of bowlers

If there is a fast bowler who is quickly developing into a match-winner by learning and improving with each game, it is Stuart Broad of England. Many bowlers would have found it difficult to regain confidence after being hammered for six sixes in an over,
Published 19 Sep, 2009 12:00am
Flintoff to help coach United Arab Emirates

Flintoff to help coach United Arab Emirates

England all-rounder Andrew Flintoff will help coach the United Arab Emirates cricket team during his rehabilitation from knee surgery, the star's agent revealed on Friday. Flintoff retired from Test cricket after England's Ashes victory over Australia las
Published 19 Sep, 2009 12:00am
Hong Kong dollar steady

Hong Kong dollar steady

The Hong Kong dollar continued to hover near the top of its trading band against the US dollar on Friday, despite a pullback in the stock market from the previous session's 13-month high. One dealer at a local bank said the USD/HKD spot rate was likely to
Published 19 Sep, 2009 12:00am
Yuan falls

Yuan falls

Spot yuan ended down against the dollar despite China's central bank setting the mid-point at a nearly 4-month high as institutions bought dollars, preparing to shut early ahead of National Day rehearsals in Beijing. Dealers said businesses had shut early
Published 19 Sep, 2009 12:00am
Asian currencies retreat

Asian currencies retreat

Asian currencies retreated from the week's highs, some from one-year highs against the dollar, on Friday as the US dollar gained reprieve from being sold in broader markets ahead of holidays in Japan and Singapore.
Published 19 Sep, 2009 12:00am
Australian dollar snaps winning streak

Australian dollar snaps winning streak

The Australian dollar pulled away from one-year highs on Friday, but found solid support just below 87 US cents as investors remained confident about an economic recovery and that US rates will stay at rock-bottom levels. The battered US dollar received a
Published 19 Sep, 2009 12:00am
US dollar falls to near 12-month low

US dollar falls to near 12-month low

The US dollar fell to its lowest level in nearly a year against the euro on Thursday as higher stock prices this week and mostly positive economic data dampened safe-haven demand for the US currency. Optimism about a global recovery grew after a report sh
Published 19 Sep, 2009 12:00am
Dollar off one-year low

Dollar off one-year low

The dollar rose against the euro on Friday, edging up from a one-year low hit the previous day, as investors covered short positions in the wake of the greenback's slide during the week. The dollar has retreated broadly since March as investors shift into
Published 19 Sep, 2009 12:00am
Swiss franc slips

Swiss franc slips

The Swiss franc slipped slightly on Friday against the dollar as the greenback recovered from a one-year low hit on Thursday as investors covered their positions, but was flat against the euro. The franc was down 0.3 percent against the dollar compared to
Published 19 Sep, 2009 12:00am
Philippines shares jump

Philippines shares jump

Philippines share prices closed 0.62 percent higher on Friday ahead of a long weekend amid listless trading with no clear leads, dealers said. The composite index gained 17.36 points to 2,789.33 while the all-shares index added 0.69 percent to 1,799.57. T
Published 19 Sep, 2009 12:00am
Nikkei average edges down

Nikkei average edges down

Japan's Nikkei stock average slipped 0.7 percent on Friday, with financials hit after consumer finance firm Aiful Corp said it was asking for debt repayments to be rescheduled. But large banks such as Mitsubishi UFJ Financial Group turned positive in late
Published 19 Sep, 2009 12:00am
New Zealand shares surge

New Zealand shares surge

New Zealand share prices closed 0.12 percent higher Friday, with the local market shrugging off falls on Wall Street, dealers said. The benchmark NZX-50 index rose 3.66 points to 3,156.46 on turnover worth 124 million dollars (88 million US). There were 5
Published 19 Sep, 2009 12:00am
Seoul shares gain

Seoul shares gain

Seoul shares posted their biggest weekly gain in 1-1/2 months on Friday, powered by heavy foreign buying as global index compiler FTSE will give South Korea's share market developed market status, beginning on Monday. Foreign investors led the buying spre
Published 19 Sep, 2009 12:00am
Treasuries higher

Treasuries higher

US Treasuries gained on Thursday as a mixed batch of economic data gave no indication the current recovery was any stronger than previously thought, enhancing the allure of safe-haven bonds. Fewer-than-expected jobless claims in the latest week boosted re
Published 19 Sep, 2009 12:00am
Treasuries higher

Treasuries higher

US Treasuries gained on Thursday as a mixed batch of economic data gave no indication the current recovery was any stronger than previously thought, enhancing the allure of safe-haven bonds. Fewer-than-expected jobless claims in the latest week boosted re
Published 19 Sep, 2009 12:00am
Thai share up

Thai share up

The Thai stock market rose 0.63 percent Friday as investors adopted a wait-and-see attitude ahead of a weekend anti-government rally, analysts said. The Stock Exchange of Thailand (SET) composite index gained 4.44 points to close at a 14-month high of 713
Published 19 Sep, 2009 12:00am
The Weather

The Weather

The weather report on Saturday (September 18, 2009).

Published 19 Sep, 2009 12:00am
US stocks slide

US stocks slide

US stocks slipped on Thursday after a three-day runup on concern recent gains were overextended despite the latest round of solid economic data. Analysts said investors were trying to assess whether further market gains were justified, with the benchmark
Published 19 Sep, 2009 12:00am
Suicide attack kills 33 in Kohat market

Suicide attack kills 33 in Kohat market

A suicide car bomb tore through a market, killing 33 people and trapping victims under smashed shops on Friday as families bought supplies for a major religious festival, police said. The explosion flung body parts across the bazaar and gutted shops in Us
Published 19 Sep, 2009 12:00am
Hong Kong shares slide; Chinese share drops

Hong Kong shares slide; Chinese share drops

Hong Kong shares ended 0.67 percent lower on Friday, a pull back from the previous session's 13-month high on concern that gains were overextended, but accelerating optimism for an economic recovery limited the decline. Ample liquidity also gave hope for
Published 19 Sep, 2009 12:00am
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