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Print - 2009-09-21
PML-N chief felicitates nation on Eid

PML-N chief felicitates nation on Eid

The PML-N Chief Mian Muhammad Nawaz Sharif has felicitated the countrymen on the joyous occasion of Eid-ul-Fitr and reminded them of their responsibilities. "They, in recognition of great blessing of Allah Almighty on them, should not forget their
Published 21 Sep, 2009 12:00am
Population department promotes 191 employees

Population department promotes 191 employees

A total of 191 employees of different grades of Sindh Population Welfare Department have been promoted to their next grades on the directives of Sindh Population Welfare Minister Syed Ali Mardan Shah. A spokesman of the department said here on Sunday that
Published 21 Sep, 2009 12:00am
Eight terrorists killed in different areas of Malakand

Eight terrorists killed in different areas of Malakand

Security forces on Sunday conducted search operation at different parts of the Malakand division and killed eight terrorists including a commander Chamtu Khan whereas 22 suspects were apprehended. Besides, 21 terrorists voluntarily surrendered to security
Published 21 Sep, 2009 12:00am
80 percent of NWFP supports central Ruet-e-Hilal

80 percent of NWFP supports central Ruet-e-Hilal

Chairman Central Ruet-e-Hilal Committee, Mufti Muneeb-ur-Rehman on Sunday said the 80 percent people of NWFP supported the central moon-sighting body decision regarding Eid. Talking to a private TV channel, he said he is receiving phones from peopl
Published 21 Sep, 2009 12:00am
Dacoity incident: Chief Justice takes suo motu notice

Dacoity incident: Chief Justice takes suo motu notice

Chief Justice of the Lahore High Court, Justice Khawaja Muhammad Sharif on Sunday took suo motu notice of dacoity incident in the house of a female civil judge Tamsaal Zaib and injuring her in Sheikhupura. The CJ summoned District Police Officer (DPO) She
Published 21 Sep, 2009 12:00am
International Peace Day today

International Peace Day today

The world observes today, on September 21, the International Day of Peace, a global call for cease-fire and non-violence, with a focus this year on nuclear disarmament and non-proliferation put in perspective by Secretary General United Nations (UN) Ban K
Published 21 Sep, 2009 12:00am
Eid prayers timings

Eid prayers timings

The Defence Housing Authority (DHA) has announced the Eid-ul-Fitr prayers timings at its mosques here. The Eid prayers at Masjid Hamza, Khayaban-e-Shaheen Phase VIII will be offered at 0815 hours.
Published 21 Sep, 2009 12:00am
Governor Sindh returns from abroad

Governor Sindh returns from abroad

Governor Sindh, Dr Ishratul Ibad Khan, returned here on Sunday morning after a weeklong visit to the United States. This was stated by the Press secretary to the Governor here on Sunday. He said that Dr Ishratul Ibad Khan met with the senior American offi
Published 21 Sep, 2009 12:00am
Excessive use of plastic bags pose threat to environment

Excessive use of plastic bags pose threat to environment

The excessive usage of plastic bags in twin cities of Islamabad and Rawalpindi has become order of the day, resulting in high environmental problems and hazards to human health. The bags are frequently used in the markets by fast food restaurants, fruits
Published 21 Sep, 2009 12:00am
Gilani directs release of persons held during Bara operation

Gilani directs release of persons held during Bara operation

Prime Minister Syed Yousuf Raza Gilani directed the concerned authorities to immediately release the innocent persons arrested during Bara operation, on the personal guarantee of Federal Minister for Environment Hameedullah Jan Afridi.
Published 21 Sep, 2009 12:00am
IDPs facing miserable Eid

IDPs facing miserable Eid

Internally Displaced Persons, (IDPs) are facing a miserable Eid ul-Fitr, with no cash to spend on celebrations and longing to return to homes, as they fear no longer exist. "All I want is to go back home this Eid," said Khalida Bibi, a 10-ye
Published 21 Sep, 2009 12:00am
Naek and Jamali felicitate nation on Eid

Naek and Jamali felicitate nation on Eid

Acting President Farooq H. Naek and Acting Chairman Senate Jan Muhammad Jamali have extended their warm greetings to the nation on the auspicious occasion of Eid-ul-Fitr. In his message, Farooq H. Naek said that on the Eid day we should also
Published 21 Sep, 2009 12:00am
Muslims celebrate Eid amid calls for caution over swine flu

Muslims celebrate Eid amid calls for caution over swine flu

Muslims across the world celebrated Eid al-Fitr on Sunday marking the end of Ramadan, but authorities urged caution as large social gatherings and returning Mecca pilgrims fuelled fears of swine flu spreading.
Published 21 Sep, 2009 12:00am
Transfers and postings

Transfers and postings

The Punjab government has transferred and posted the following officers here on Saturday. Farooq Ahmad Hashmi, Deputy Director Agriculture (Training), IATI, Sargodha, has been transferred and posted as EDO (Agriculture), Mandi Bahauddin, against a vacant
Published 21 Sep, 2009 12:00am
11 percent families in Lahore oppose anti-polio vaccines

11 percent families in Lahore oppose anti-polio vaccines

Chairman of the Chief Minister's Task Force on Polio and Communicable Diseases Control, Dr Asad Ashraf, has directed the Director General Health and the EDO Health Lahore to assign duties to the students and officials of medical colleges, attached with di
Published 21 Sep, 2009 12:00am
Death of Yousuf Khan condoled

Death of Yousuf Khan condoled

Prime Minister Syed Yusuf Raza Gilani on Sunday expressed deep sorrow over the demise of actor Yousaf Khan. The Prime Minister in a message to his family appreciated his contribution to the industry and termed his death a great loss. He prayed to Almighty
Published 21 Sep, 2009 12:00am
War against terrorism to get boost if India joins FoDP

War against terrorism to get boost if India joins FoDP

It could prove to be a meaningful step in the ongoing fight against terrorism and a breakthrough in bilateral relations, if India accepts Pakistan's proposal to join the forum of Friends of Democratic Pakistan (FoDP). President Asif Ali Zardari made India
Published 21 Sep, 2009 12:00am
Multan Express bogies derailed

Multan Express bogies derailed

Two bogies and engine of Multan Express derailed at Janiwala in Gojra on Sunday. Several passengers were reported injured in the incident, a private TV channel reported.
Published 21 Sep, 2009 12:00am
Transfer orders cancelled

Transfer orders cancelled

The government of Punjab has cancelled the transfer orders of Maqsood Mumtaz, Additional Secretary, P&G, Higher Education Department. This was revealed here Sunday.
Published 21 Sep, 2009 12:00am
Sporadic fluctuation seen on commodities markets before Eid holidays

Sporadic fluctuation seen on commodities markets before Eid holidays

Proceedings on wholesale commodity market remained slow, exposing the high price trend during the week ended with the holy month of Ramazan. On Monday, on cereal side gur better type rose by Rs 200 to Rs 6000, while lower type dropped Rs 200 to Rs 6,800,
Published 21 Sep, 2009 12:00am
Working class to celebrate Eid with austerity

Working class to celebrate Eid with austerity

The working class of Pakistan would celebrate Eid-ul-Fitr with austerity in view of the high price of essential commodities and abject poverty and aggravating unemployment and demonstrating solidarity with displaced brothers and sisters of Swat.
Published 21 Sep, 2009 12:00am
12 schemes proposed by MPAs approved

12 schemes proposed by MPAs approved

A meeting of District Development Committee, Hyderabad regarding implementation of MPAs' priority development schemes was held here with u DCO Hyderabad Aftab Ahmed Khatri in the chair. The meeting discussed different development schemes proposed by MPAs
Published 21 Sep, 2009 12:00am
Payaam organises 'Eid for all' programme

Payaam organises 'Eid for all' programme

Parents and Youth Advocacy Awareness Movement (Payaam), an independent non-governmental and non-political social welfare foundation, organised "EID FOR ALL" at Edhi Home here on Sunday.
Published 21 Sep, 2009 12:00am
Gilgit-Baltistan government to attract investments in minerals sector

Gilgit-Baltistan government to attract investments in minerals sector

Governor, Gilgit-Baltistan, Qamar Zaman Kaira has said the area is rich in precious minerals which would be tapped through introduction of modern technologies and investment. A comprehensive strategy is being planned to woo investment in all potential sec
Published 21 Sep, 2009 12:00am
AJK President and Prime Minister extend Eid greetings to nation

AJK President and Prime Minister extend Eid greetings to nation

Azad Jammu and Kashmir President Raja Zulqarnain Khan and Acting Prime Minister Sardar Qamar Zaman Khan while extending Eid greetings to Muslim Ummah and the whole nation have said that regular fasting of the holy month of Ramazan purify the hearts
Published 21 Sep, 2009 12:00am
ABAD urged to participate in elections

ABAD urged to participate in elections

Chairman, Builders and Developers Forum (BDF), Munir Sultan has advised all the members of Association Builder and Developer (ABAD) to take part in up coming election of ABAD and exercise their right to chose the candidate of their choice. Speaking at Ift
Published 21 Sep, 2009 12:00am
Approval of 42 projects

Approval of 42 projects

A meeting of the Central Development Working Party (CDWP) of the Planning Commission has approved 42 uplift projects, worth Rs 107.2 billion, including 27 in the infrastructure sector at a cost of Rs 49.3 billion, and 13 in the social sector worth Rs 57.6
Published 21 Sep, 2009 12:00am
The message of Eid

The message of Eid

The enthusiastic celebration of the holy festival of Eid-ul-Fitr today, as the day of thanksgiving for Blessings of Almighty Allah for the discharge of Islamic obligations during the holy month of Ramazan in an environment of lurking fears brings t
Published 21 Sep, 2009 12:00am
Still growing: emerging economies seek clout on world stage

Still growing: emerging economies seek clout on world stage

Emerging powers including China, India and Brazil are leading the way out of global recession, and they expect the wealthy world to take notice. As leaders from the Group of 20 (G20) bloc of leading economies begin a two-day summit Thursday in Pittsburgh,
Published 21 Sep, 2009 12:00am
GOOD MORNING: Two Eids, what is the big problem?

GOOD MORNING: Two Eids, what is the big problem?

One believes that Eid-ul-Fitr celebration on Sunday in the North West Frontier Province (NWFP) will not only generate a traditional but heightened interest on the subject of two Eids in the country, but it will lead to the expression of angry and b
Published 21 Sep, 2009 12:00am
What Zardari hopes to achieve on his latest foreign jaunt

What Zardari hopes to achieve on his latest foreign jaunt

President Zardari has left the country on a four-day, four-nation tour. The most important leg of the tour is the President's third stop: the United States of America. He is expected to deliver a speech during the sixty-fourth session of the United Nation
Published 21 Sep, 2009 12:00am
FBR's arbitrary decisions

FBR's arbitrary decisions

Being a member of the business community, one cannot help getting irked at the recent controversial measures being taken by the Federal Board of Revenue. FBR's announcements regarding the implementation of the VAT to the total exclusion of the business co
Published 21 Sep, 2009 12:00am
NGO arranges Eid festivity for orphans

NGO arranges Eid festivity for orphans

Nations with solidarity and integrity take along them the deprived segments of society in their hours of joy to give them the feel that somebody is there to take care of them. After holy month of Ramazan, Eidul Fitr has special significance in the lives o
Published 21 Sep, 2009 12:00am
Prime Minister and AJK President discuss Kashmir affairs

Prime Minister and AJK President discuss Kashmir affairs

President Azad Jammu and Kashmir (AJK) Raja Zulqarnain Khan called on Prime Minister Syed Yusuf Raza Gilani at the Prime Minister House on Sunday and discussed the system of accountability in Azad Kashmir.
Published 21 Sep, 2009 12:00am
APHC thanks Pakistani President and Prime Minister

APHC thanks Pakistani President and Prime Minister

The All Parties Hurriyet Conference (APHC) in occupied Kashmir has thanked Pakistan's President, Asif Ali Zardari and Prime Minister, Yousuf Raza Gilani on their recent statements on Kashmir. According to Kashmir Media Service, talking to mediamen in Srin
Published 21 Sep, 2009 12:00am
Aerial firing: a serious crime against humanity

Aerial firing: a serious crime against humanity

A verse from the Holy Quran says killing a person is tantamount to killing the whole humanity well illustrated when a blind bullet destroyed someone's life and home without any fault so such unwanted crime should be eliminated for a better society.
Published 21 Sep, 2009 12:00am
Chief Justice felicitates office-bearers of bar associations

Chief Justice felicitates office-bearers of bar associations

Chief Justice Iftikhar Muhammad Chaudhry has felicitated the presidents, general secretaries of all the Bars on the occasion of Eid-ul-Fitr. In a letters to them, the Chief Justice said," on the eve of Eid-ul-Fitr let me offer you, your fami
Published 21 Sep, 2009 12:00am
Two killed in Hangu

Two killed in Hangu

Two persons died and three received injuries due to open exchange of firing by two rival groups in Pat Bazar of Hangu district on Sunday. The incident stir terror among the residents who confined to their houses and the district administration of Hangu im
Published 21 Sep, 2009 12:00am
4,000 CNG buses to be operational in Karachi

4,000 CNG buses to be operational in Karachi

Some 4000 CNG buses would be operated in Karachi with the co-operation of federal government, which has given a subsidy of Rs 2.5 billion. Immediately, under the project, to be implemented by Karachi Mass Transit cell with the participation of private sec
Published 21 Sep, 2009 12:00am
Mirwaiz deplores illegal detention of Hurriyet leaders on Eid

Mirwaiz deplores illegal detention of Hurriyet leaders on Eid

The Chairman of All Parties Hurriyet Conference in occupied Kashmir Mirwaiz Umar Farooq has strongly denounced the continued illegal detention of Hurriyet leaders including Shabbir Ahmed Shah, Nayeem Ahmed Khan, Aasiya Andrabi and Muhammad Saleem Nunnaji.
Published 21 Sep, 2009 12:00am
PFUJ asks democratic forces to forge unity against terrorism

PFUJ asks democratic forces to forge unity against terrorism

The Pakistan Federal Union of Journalists (PFUJ) has urged all democratic forces to shun their differences, and forge unity to fight terrorism and restore peace, as ethnic prejudices, biases and hatred would lead the nation nowhere. "By forging unity, we
Published 21 Sep, 2009 12:00am
Senior cleric shot dead in Russian Caucasus

Senior cleric shot dead in Russian Caucasus

A leading Muslim cleric was shot dead in his car in southern Russia on Sunday, a state investigator said, in an attack another religious leader blamed on Islamist militants. Gunmen shot dead Ismail Bostanov, the second most senior Muslim cleric in Karacha
Published 21 Sep, 2009 12:00am
Eid gifts distributed among 300 families

Eid gifts distributed among 300 families

Federal Minister for Population Welfare Dr Fardous Ashiq Awan Sunday distributed special Eid gifts and food among 300 deserving families in the villages of Kotli Loharaan and Palora Kalan near Sialkot. On these moments, she affirmed that the govern
Published 21 Sep, 2009 12:00am
Bodies of six killed soldiers return to Italy

Bodies of six killed soldiers return to Italy

The bodies of six Italian soldiers who were killed in a suicide bombing in Afghanistan last week were returned to Rome on Sunday. Senior officials from the government, including President Giorgio Napolitano, and the military and relatives of the soldiers
Published 21 Sep, 2009 12:00am
Three US troops die in Afghanistan

Three US troops die in Afghanistan

Military officials say three American troops have died in Afghanistan, including one killed in combat in the country's east. A statement from the Nato-led force in Afghanistan says two of the Americans died Sunday in a noncombat related incident in the so
Published 21 Sep, 2009 12:00am
Ahmadinejad heads for UN General Assembly

Ahmadinejad heads for UN General Assembly

President Mahmoud Ahmadinejad travels to New York this week for the UN General Assembly, his disputed re-election still sparking violent protests at home and provocative remarks about the Holocaust drawing condemnation abroad. The defiant leader will be s
Published 21 Sep, 2009 12:00am
No troops increase request received, says Obama

No troops increase request received, says Obama

President Barack Obama said in interviews aired on Sunday he wants to wait to determine the proper strategy for US forces in Afghanistan before considering whether more troops should be sent there. The top US commander in Afghanistan, Army General Stanley
Published 21 Sep, 2009 12:00am
Afghan president marks Eid with call for peace

Afghan president marks Eid with call for peace

Afghan President Hamid Karzai extended an olive branch Sunday to Taliban militants trying to overthrow his Western-backed government as he marked the start of the Muslim Eid ul-Fitr festival. Karzai, currently beleagured by fraud accusations follow
Published 21 Sep, 2009 12:00am
Bear in Japan injures nine, shot dead at tourist area

Bear in Japan injures nine, shot dead at tourist area

A bear injured nine people at highway rest stop in central Japan before being shot dead in a souvenir shop, a fire-fighter said Sunday. The black bear seriously injured four men Saturday afternoon in Nyukawa, a small mountain town about 140 miles (230 kil
Published 21 Sep, 2009 12:00am
CIA expanding presence in Afghanistan

CIA expanding presence in Afghanistan

The CIA is greatly expanding its presence in Afghanistan as part of a large-scale intelligence "surge" that will see the agency's station there become among the largest in its history, the Los Angeles Times reported Saturday.
Published 21 Sep, 2009 12:00am
China wants more transparency in anti-graft drive

China wants more transparency in anti-graft drive

China's Communist Party wants more transparency from government officials in disclosing their assets, including overseas property and investments made by family members, the official Xinhua news agency said.
Published 21 Sep, 2009 12:00am
Al Qaeda threatens Germany in second online video

Al Qaeda threatens Germany in second online video

Militant Islamist group al Qaeda threatened Germany with attacks for the second time this weekend in an online video criticising the country for its deployment of troops in Afghanistan, authorities said on Sunday.
Published 21 Sep, 2009 12:00am
No 'tradeoff' on US missile plan: Medvedev

No 'tradeoff' on US missile plan: Medvedev

When President Dmitry Medvedev travels to New York this week to address the United Nations and meet Barack Obama who has just scrapped a missile shield plan, the question on everyone's mind will be: how will Russia reciprocate?
Published 21 Sep, 2009 12:00am
Three suspects arrested in US terrorism probe

Three suspects arrested in US terrorism probe

Three people, including a Colorado man, his father and an accused accomplice in New York, were arrested on Saturday and charged with lying to federal agents about a plot to blow up unspecified targets in the United States, the US Department of Justice sai
Published 21 Sep, 2009 12:00am
Foreign troops in Afghanistan to honour UN Peace Day

Foreign troops in Afghanistan to honour UN Peace Day

Afghan and foreign troops will cease offensive operations in the intensifying war against Taliban-led insurgents to observe the UN's International Day of Peace, the defence ministry said Sunday.
Published 21 Sep, 2009 12:00am
Israel promised not to strike Iran: Kremlin

Israel promised not to strike Iran: Kremlin

Israel promised Russia it would not launch an attack on Iran, Russian President Dmitry Medvedev said in an interview aired on Sunday in which he described such an assault as "the worst thing that can be imagined."
Published 21 Sep, 2009 12:00am
Abbas to meet Obama, Netanyahu, but won't negotiate

Abbas to meet Obama, Netanyahu, but won't negotiate

US President Barack Obama's summit this week with the Israeli and Palestinian leaders does not signal a full re-launch of peace talks, which remain blocked by profound disagreement, a Palestinian official said on Sunday.
Published 21 Sep, 2009 12:00am
Indian man gambles daughter away: report

Indian man gambles daughter away: report

A father in eastern India gave away his teenage daughter to a fellow gambler after he lost a card game, media reported on Sunday, with police launching a hunt to retrieve the girl. Ismail Sheikh, from a village in West Bengal, used his 18-year-old daughte
Published 21 Sep, 2009 12:00am
Wall Street enjoying best rally in decades

Wall Street enjoying best rally in decades

With Wall Street enjoying its best rally in decades, debate is heating up on whether the market has gone too far, too fast or is ready for a second wind. Bulls and bears continue to slug it out. Some say the economy is gathering steam and will keep the ma
Published 21 Sep, 2009 12:00am
Yemen army kills 140 as rebels launch attack

Yemen army kills 140 as rebels launch attack

The army killed more than 140 Shia rebels after the insurgents launched an assault on the government's mansion in the mountain city of Saada in northern Yemen on Sunday, a military official said. "The army killed more than 140 rebels after thwarting an at
Published 21 Sep, 2009 12:00am
Malaysian shares may get back on track after holidays

Malaysian shares may get back on track after holidays

Malaysia's bourse could regain its momentum, after a lacklustre month during the Islamic holy season of Ramadan, analysts said on Friday. "If you look at volume during the past month the volume has gone down a lot, so after the holidays it should pick up,
Published 21 Sep, 2009 12:00am
Lloyds bank to join government's toxic asset scheme

Lloyds bank to join government's toxic asset scheme

Lloyds Banking Group is likely to take part in the British government's insurance scheme for toxic assets after a stress test was completed on the state-controlled British lender, reports said Friday. The Financial Services Authority watchdog concluded th
Published 21 Sep, 2009 12:00am
Taiwan shares expected to encounter selling

Taiwan shares expected to encounter selling

Taiwan share prices are expected to encounter selling as the market moves closer to the nearest resistance level of 7,600 points after a recent strong showing, dealers said on Friday. Pressure is likely to focus on electronics which have scored the larges
Published 21 Sep, 2009 12:00am
Overseas economic data may influence Tokyo shares

Overseas economic data may influence Tokyo shares

Japan's stock market is likely to be influenced by overseas economic data and domestic political developments next week when investors return from a five-day holiday, analysts said on Friday. The Tokyo stock market will be closed on Monday through Wednesd
Published 21 Sep, 2009 12:00am
Macquarie seeks more Wall Street hires, deals

Macquarie seeks more Wall Street hires, deals

Macquarie Group, a winner so far amid the financial crisis, will continue its Wall Street hiring spree and keep its eyes open for more boutique acquisitions, the Australian investment bank's top US executive told Reuters in an interview.
Published 21 Sep, 2009 12:00am
Indian shares may continue to track global trends

Indian shares may continue to track global trends

India's stock market will continue to track global trends and may consolidate next week with the benchmark index at a near 16-month high, dealers said. During the week to September 18, the 30-share Sensex index rose 2.93 percent, or 477 points, to 16,741.
Published 21 Sep, 2009 12:00am
Longer-dated JGB's shine

Longer-dated JGB's shine

Longer-dated Japanese government bonds gained on Friday as investors shifted durations before a five-day holiday in Japan, while a fall in Tokyo's Nikkei stock average helped underpin JGBs. Super-long JGB yields fell the most and the curve flattened as in
Published 21 Sep, 2009 12:00am
Longer-dated JGB's shine

Longer-dated JGB's shine

Longer-dated Japanese government bonds gained on Friday as investors shifted durations before a five-day holiday in Japan, while a fall in Tokyo's Nikkei stock average helped underpin JGBs. Super-long JGB yields fell the most and the curve flattened as in
Published 21 Sep, 2009 12:00am
Asian currencies higher against dollar

Asian currencies higher against dollar

Asian currencies ended the week mostly higher against the dollar but the yen retreated from multi-month highs as dealers took profits from the Japanese unit's recent advances.
Published 21 Sep, 2009 12:00am
Australian shares likely to continue higher

Australian shares likely to continue higher

Australian shares are expected to continue their unexpected ride higher, as confident investors return from the sidelines with their cash, dealers said. The benchmark S&P/ASX 200 ended Friday at 4,693.2, up 97.1 points or 2.1 percent from a week earlier.
Published 21 Sep, 2009 12:00am
Singapore shares likely to rebound

Singapore shares likely to rebound

Singapore shares could rebound, underpinned by signs the economy is on track for a recovery, analysts said. The blue chip Straits Timex Index closed at 2,647.91 on Friday, down 33.12 points or 1.24 percent from the week before.
Published 21 Sep, 2009 12:00am
Philippines shares may remain listless

Philippines shares may remain listless

Philippines shares will remain listless as the market searches for strong leads due to the absence of any major developments, dealers said on Friday. The composite index fell 2.83 percent or 81.5 ppoints over the week to close on Friday at 2,789.33. Avera
Published 21 Sep, 2009 12:00am
Thai shares to depend on anti-govt rally outcome

Thai shares to depend on anti-govt rally outcome

The Thai stock market's fortunes will depend on the outcome of anti-government protests this weekend, with no economic factors emerging on the local front, analysts said. The Stock Exchange of Thailand composite index gained 5.86 points or 0.83 percent ov
Published 21 Sep, 2009 12:00am
Seoul shares likely to be range-bound

Seoul shares likely to be range-bound

South Korean stocks are likely to move in a short range, analysts said on Friday. The benchmark KOSPI rose 2.9 percent from a week ago to 1,699.71. Choi Sung-Rak of SK Securities told Dow Jones Newswires that players would closely watch the movement of th
Published 21 Sep, 2009 12:00am
Meirelles cautions markets, inflation targets

Meirelles cautions markets, inflation targets

Brazil's central bank chief Henrique Meirelles cautioned investors on Friday that domestic markets may be overly euphoric and rejected a proposal to change the country's inflation targeting scheme.
Published 21 Sep, 2009 12:00am
Dubai star developers return to property fair

Dubai star developers return to property fair

Dubai's two star developers said Saturday they will take part in the emirate's highly anticipated property expo, reversing an earlier decision to pull out. Nakheel, and its rival Emaar Properties, unexpectedly pulled out Thursday from the Cityscape show,
Published 21 Sep, 2009 12:00am
Fed steady, expected to support fragile recovery

Fed steady, expected to support fragile recovery

Federal Reserve policymakers may formally acknowledge an economic recovery is underway but will make few changes to their vast stimulus effort until they see a sustainable expansion, analysts say.
Published 21 Sep, 2009 12:00am
Balls is first British minister to identify cuts

Balls is first British minister to identify cuts

Schools Secretary Ed Balls became the first minister to provide details of how he intends to make inroads into Britain's record deficit, telling the Sunday Times he would target management jobs and teachers' pay.
Published 21 Sep, 2009 12:00am
Norway wants joint Nordic spot in G20

Norway wants joint Nordic spot in G20

Norway wants the five countries that make up the Nordic region to be represented together in the G20 group of the world's major economies, daily Aftenposten reported on Sunday. Norwegian Foreign Minister Jonas Gahr Stoere has written a letter to his four
Published 21 Sep, 2009 12:00am
Profit at state companies down last year: China

Profit at state companies down last year: China

Profit at China's top state-owned companies fell 30 percent last year, hurt by the global financial crisis, but assets have increased. The 141 banks, airlines, oil producers and other companies controlled by the central government reported net profit of 6
Published 21 Sep, 2009 12:00am
US jobs picture may worsen in coming months: Obama

US jobs picture may worsen in coming months: Obama

The jobs situation could worsen slightly over the coming few months, US President Barack Obama warned Sunday as he declined to spell out whether the world's largest economy was out of recession. "I want to be clear, that probably the jobs picture is not g
Published 21 Sep, 2009 12:00am
India's central bank faces tricky balancing act

India's central bank faces tricky balancing act

India's central bank faces a tricky balancing act in fighting inflation expected to surge in coming months and keeping the country's fragile economic recovery on track, economists say.
Published 21 Sep, 2009 12:00am
US tax amnesty deadline on offshore accounts prompts rush

US tax amnesty deadline on offshore accounts prompts rush

Americans with offshore bank accounts were scrambling ahead of an amnesty deadline Wednesday to square up back taxes and avoid a likely wave of prosecutions following a disclosure agreement with Swiss bank UBS.
Published 21 Sep, 2009 12:00am
Young foreigners hunt jobs in China amid crisis

Young foreigners hunt jobs in China amid crisis

When the best job Mikala Reasbeck could find after college in Boston was counting pills part-time in a drugstore for $7 an hour, she took the drastic step of jumping on a plane to Beijing in February to look for work. A week after she started looking, the
Published 21 Sep, 2009 12:00am
Owen's last-gasp winner helps United subdue City

Owen's last-gasp winner helps United subdue City

Substitute Michael Owen struck in the sixth minute of injury time to earn Manchester United a 4-3 Premier League win over Manchester City in one of the most dramatic derbies for years on Sunday.
Published 21 Sep, 2009 12:00am
Russia may ease foreign access to energy projects

Russia may ease foreign access to energy projects

Russia will discuss relaxing laws regulating foreign participation in offshore energy projects to attract investment from abroad, Natural Resources Minister Yuri Trutnev told Reuters on Saturday. Encouraged by a surge in crude prices from 2002 to a peak i
Published 21 Sep, 2009 12:00am
Federer triumphs to seal Swiss win

Federer triumphs to seal Swiss win

Switzerland's spot in next year's Davis Cup World Group with a 6-3 6-0 6-4 win over Italy's Potito Starace in a rain-affected match on Sunday. His commanding victory, peppered with effortless winners from the baseline, gave the Swiss team an unassailable
Published 21 Sep, 2009 12:00am
Argentine Villa scores four in Cruz Azul's 4-2 win

Argentine Villa scores four in Cruz Azul's 4-2 win

Argentine Emanuel Villa scored all of Cruz Azul's goals in their 4-2 win over San Luis in the Mexican Apertura championship on Saturday. The former Huracan, Rosario Central and Derby County striker completed his hat-trick in the 32nd minute and added a la
Published 21 Sep, 2009 12:00am
Barcelona race to 5-2 victory over Atletico

Barcelona race to 5-2 victory over Atletico

Champions Barcelona turned on the style to hammer Atletico Madrid 5-2 and consolidate their position at the top of La Liga on Saturday. The visitors, who were thumped 6-1 in the same fixture last season, have yet to win a game in the new campaign but came
Published 21 Sep, 2009 12:00am
Former Marseille coach Courbis faces jail term

Former Marseille coach Courbis faces jail term

Former Olympique Marseille coach Rolland Courbis was set to go before a judge on Sunday and could face up to two years in prison, Marseille prosecutors said. Courbis, 56, was arrested on Saturday at a Ligue 1 match between Olympique Marseille and Montpell
Published 21 Sep, 2009 12:00am
Mayweather makes triumphant return to the ring

Mayweather makes triumphant return to the ring

Floyd Mayweather Jr celebrated his return to the ring after a 21-month retirement with a unanimous points victory over Mexican Juan Manuel Marquez in a non-title welterweight bout on Saturday.
Published 21 Sep, 2009 12:00am
Shamed Renault wait to hear fate

Shamed Renault wait to hear fate

Renault's Formula One future will be decided in Paris on Monday when the governing body rules on a race-fixing controversy that has stunned and shamed the sport. The French manufacturer has said it will not contest charges that the team ordered Brazilian
Published 21 Sep, 2009 12:00am
Pressure on South Africa as Champions Trophy begins

Pressure on South Africa as Champions Trophy begins

The pressure will be on South Africa and off Sri Lanka when they clash at Centurion Park Tuesday in the opening 2009 ICC Champions Trophy fixture. South Africa need the cup to confirm what the world rankings have been saying for some time - that they are
Published 21 Sep, 2009 12:00am
Gay equals second fastest men's 100m time

Gay equals second fastest men's 100m time

Former world champion Tyson Gay equalled the second fastest 100 metres time ever on Sunday when he clocked 9.69 seconds at the Shanghai Golden Grand Prix. Gay's time equalled the world record set by Jamaican Usain Bolt when he won the 100 metres final at
Published 21 Sep, 2009 12:00am
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