The yuan ended slightly higher on Friday after the Chinese central bank set its mid-point reference rate at a four-month high against the dollar, which fell to its lowest in more than one year against major currencies overnight.
The dollar rose on Friday after Federal Reserve Chairman Ben Bernanke indicated monetary policy may have to be tightened as a recovery takes hold, lifting the greenback off 14-month lows against a basket of currencies.
The US dollar hit a 14-month low against a basket of currencies on Thursday as growing optimism of a burgeoning economic recovery prompted demand for riskier assets at the expense of the safe-haven greenback.
The Hong Kong dollar fell back slightly from the top of its trading band against the US dollar on Friday after repeated intervention by the city's central bank in the previous session, and as the US dollar recovered some ground on comments by the US Feder
The Australian dollar trimmed some of its impressive gains on Friday but managed to hold above 90 US cents, buoyed by the likelihood interest rates at home will rise faster than elsewhere. The US dollar earned a reprieve after Federal Reserve chairman Ben
The Philippine peso and Thai baht drifted lower on Friday as investors bought US dollars after Federal Reserve chief Ben Bernanke indicated monetary policy might have to be tightened as a recovery takes hold.
Monetary policy was in sharp focus on foreign exchange markets across the globe in trading late Thursday and early Friday after central bank leaders in Europe, the U.S and Korea all expressed concern on forex volatility.
Bosnia's rival ethnic leaders must compromise on the country's future or risk falling behind the rest of the Balkans as the region integrates with the European Union, international diplomats said on Friday.
Former British prime minister Tony Blair was told he had "blood on his hands" by the father of a dead soldier Friday, after a memorial for the fallen of the Iraq war in London.
French police have arrested a nuclear physicist on suspicion that he had links to terrorist organizations in Algeria, the European Organization for nuclear Research said Friday The man was one of more than 7,000 scientists working at the organization and
Israeli security forces on Friday clashed with stone-throwing Palestinians near Jerusalem's Al-Aqsa mosque compound as authorities limited access to the flashpoint site sacred to Muslims and Jews.
Egypt's leading religious authority and university has banned students wearing full-face veils, or niqab, from entering female-only classrooms and dormitories, media reports said Friday.
Iran would "blow up the heart" of Israel if attacked by the Jewish state or the United States, a Revolutionary Guards official was quoted on Friday as saying. "Even if one American or Zionist missile hits our country, before the dust settles, Iranian miss
Russia this week launched two intercontinental rockets during naval exercises in the northern Pacific Ocean, the Defence Ministry disclosed Friday, the Interfax agency reported.
The Taliban poses less of a threat to US security than al Qaeda, the White House said, raising speculation that President Barack Obama may not opt for a vastly increased counter-insurgency force in Afghanistan.
Two weeks of crucial UN climate talks concluded Friday after exposing huge rifts between rich and poor nations, just weeks ahead of the deadline for sealing a planet-saving global deal. Only five negotiating days remain, in November, before 192 nations co
The United States blasted the surface of the moon Friday with two rockets on a mission to look for water below the lunar surface that could be used by astronauts on future space missions, NASA said.
The dollar rose broadly on Friday after US Federal Reserve Chairman Ben Bernanke made clear he was thinking of an exit strategy from quantitative easing and low interest rates as the economy improves.
Sterling fell on Friday, hurt by a firmer dollar after remarks by US Federal Reserve Chairman Ben Bernanke were seen as hawkish and bolstered the view that UK interest rates would stay low longer than those of its peers.
The Indian rupee's five-day winning streak that had taken it to one-year highs ended on Friday as a stumble in the stock market and a recovery in the dollar gave investors the opportunity to close some positions. The partially convertible rupee ended at 4
US short-term interest rates futures skidded on Friday on remarks from Federal Reserve Chairman Ben Bernanke fanned worries the central bank will begin moving away from its ultra-easy monetary policy. Meanwhile, deferred Eurodollar futures contracts from
Singtel Optus bonds made a strong debut on Friday in a broadly steady market as Asian credits look to consolidate their recent gains and a growing queue of prospective borrowers adds to the caution.
Singtel Optus bonds made a strong debut on Friday in a broadly steady market as Asian credits look to consolidate their recent gains and a growing queue of prospective borrowers adds to the caution.
US stocks rose slightly on Friday, extending their four-day winning streak as investors anticipated some positive news out of next week's key earnings reports, while bullish broker comments gave a boost to tech shares.
European credit default swap indexes were mixed on Friday, but the overall direction was tighter. By 1528 GMT, the investment-grade Markit iTraxx Europe index was at 90 basis points, according to data from Markit, 1.25 basis points tighter versus late on
European credit default swap indexes were mixed on Friday, but the overall direction was tighter. By 1528 GMT, the investment-grade Markit iTraxx Europe index was at 90 basis points, according to data from Markit, 1.25 basis points tighter versus late on
The Thai stock market rose 0.38 percent Friday due to speculative buying on third quarter earnings in the banking sector, an analyst said. The Stock Exchange of Thailand (SET) composite index gained 2.84 points to close at 746.87 and the blue chip SET-50
Indian shares fell 1.19 percent on Friday as investors unwound positions ahead of the weekend, dealers said. The benchmark 30-share Sensex index fell 200.88 points to 16,642.66. Despite a fall in the rupee against the dollar and the euro Friday, trading r
Britain's leading shares added 0.1 percent on Friday in very quiet trading, which saw small gains in energy issues and drugmakers just offset weakness in miners and banks. At the close, the FTSE 100 index was 7.23 points higher at 5,161.87 having moved in
Rescue workers dug out more than 120 bodies from under tonnes of mud and debris in northern Philippines on Friday as dozens of landslides buried villages after a week of relentless rains, officials said. Scores of towns and villages in the lowlands were f
A suicide attack in south-eastern Afghanistan killed six guards working for a road construction company, as nearly 50 Taliban insurgents and one Nato soldier were killed elsewhere, officials said Friday.
Cotton futures settled easier Friday on investor sales triggered by a firm dollar as the market largely shrugged off a government crop report, brokers said. The December cotton contract lost 0.63 cent to close at 63.02 cents per lb, dealing from 62.81 to
Copper eased on Friday to drift away from three-week highs hit in the previous session, as doubts resurfaced over whether demand is there to support further gains, given prices have nearly doubled this year. Copper for three-month delivery on the London M
March cocoa in London surged to a 24-1/2 year high of 2,207 pounds a tonne on unexpectedly positive third-quarter Europe grind data on Friday, but then fell to settle up 3 pounds at 2,146 pounds after the report was withdrawn due to an error. December whi
Oil rose slightly on Friday as a positive demand forecast from the International Energy Agency outweighed gains in the US dollar. US crude settled up 8 cents at $71.77 a barrel. London Brent crude gained 23 cents to settle at $70.00 a barrel. The IEA incr
Gold eased in Europe on Friday, consolidating after hitting record highs for three straight sessions, as an indication from the US Federal Reserve chief that monetary policy may be tightened lifted the dollar. Spot gold was bid at $1,048.40 an ounce at 14
Summaries of the ICE Futures US cocoa, coffee and sugar markets. December arabica coffee contract rose 0.75 cent to $1.3865 per lb at 11:13 a.m. EDT (1513 GMT). Session range from $1.3650 to $1.3880. March raw sugar contract slipped 0.08 cent to 22.46 cen
Corn futures turned lower at the Chicago Board of Trade early on Friday as traders locked in profits following a surprise rally earlier in the trading session, traders said. At 11:08 a.m. CDT (1608 GMT), CBOT December corn was down 5 cents at $3.59 a bush
Wheat futures fell at the Chicago Board of Trade early on Friday on pressure from a US Agriculture Department forecast for larger-then-expected 2009/10 ending stocks, traders said. Minneapolis Grain Exchange and Kansas City Board of Trade wheat futures al
CBOT November soya rose 3 cents per bushel to $9.39 early on Friday on concern about harm to the US crop amid harsh harvest weather, but December corn sagged 3 cents at $3.61 on pressure from USDA's forecast for a large US crop, traders said. CBOT Novembe
US copper futures slipped at the open on Friday, as a rebound in the dollar and concerns about global demand prospects in the face of rising inventory levels pulled prices down from the prior session's three-week highs.
US gold futures took a breather on Friday as a dollar bounce prompted pre-weekend profit-taking following this week's sharp rally to the previous session's record high above $1,060 an ounce. Most-active December gold futures down $6.30 at $1,050 an ounce
The five-day compute training course workshop would be concluded here on October 10. The workshop was organised by Pakistan Manpower Institute (PMI) on "Office Automation with MS Word" for the officers and the executives from Public and Private sector org
Japan and Pakistan Friday signed two agreements to provide financial support of US $176,089 (Rs 14.19 million) for education and water supply schemes in Fata.
A two-day exhibition of rare and exclusive books will open on October 10 here at Nomad Art Gallery, featuring collection by Syed Shehzad Ali from Lahore. The display would be a treat for the book-lovers and students of the twin cities with rare reading ma
The students of Architecture Department, Comsats Institute of Information Technology, Islamabad, are designing for the post architecture disaster Earthquake Housing in Battal (kodar valley) near Mansehra.
have always admired the ad wars between telecom companies and it was a source of great entertainment for me. When I recently read the news of CCP taking action against two companies for not abiding by the rules, I decided to suggest another action for the
India has a chequered history in safeguarding its nuclear stockpiles. Hindu extremists and Indian scientists have been involved in theft of nuclear material and in technology transfers between Israel and India. Stealing and selling enriched uranium has ac
The awarding of the Nobel Peace Prize to US President Barack Obama landed with a shock on darkened, still-asleep Washington. He won! For what? For one of America's youngest presidents, in office less than nine months _ and only for 12 days before the Nobe
A feud over how much choice voters will have in Iraqi elections in January has held up passage of an elections law, highlighting a clash between party interests and voters' desire to hold politicians to account.
When I went to the villages of Punjab, the realization came that poverty was still rampant and that despite an excellent year in wheat and two successive productive years in rice, the social system was still not responsive in terms of poverty alleviation.
Commendable for it, the Federal Board of Revenue (FBR) has moved to computerise the registration of property ownership to extend the reach of its tax net. According to a Recorder Report, the FBR plans to institute a computerisation system at 129 offices o
Speaking at the annual meeting of the International Monetary Fund/World Bank, the United Nations Under-Secretary for Economic and Social Affairs, Sha Zukang, a Chinese national, urged the international community to replace the current dollar supremacy wit
It is ironic that the $7.5 billion non-military assistance promised to Pakistan as a dividend for democracy has led to cause a division between the civilian and military authorities, which does not bode well for the system.
Systems Limited, a provider of technology solutions, strategic consulting services and knowledge process outsourcing has acquired US based eDoc Synergy, a privately-held provider of healthcare technology. An announcement on Friday said that the eDoc Syner
The 7th Asia-Pacific Weeks will be held in Berlin from 7 to 18 October 2009. Under the motto "Partners for a Shared Future", the focus of this year will be on two main themes, each of which will be the subject of a conference: "Global Mobility" and "Energ
World Wide Funds for Nature-Pakistan (WWF-P) has on Friday organised a certificate distribution ceremony for the Beaconhouse School System interns. About 40 students along with their parents attended the ceremony.
The Consulate General of the Republic of Indonesia, Karachi will hold the first Indonesian Solo Exhibition, a comprehensive trade event, which will be inaugurated on October 10 at a local hotel. The purpose of the exhibition is to build a strong trade par
The much-awaited Pakistan and Regional Energy forum will be held from October 20-21, at a local hotel. The forum is organised by the Petroleum Institute of Pakistan (PIP) and /IIR Middle East and supported by the Ministry of Petroleum and Natural Resource
A meeting, chaired by Administrator DHA and President CBC Brigadier Khalid Tirmizi was held at Cantonment Board Clifton's Office here on Friday to review the overall situation of DHA residents' civic complaints vis-a-vis CBC's response to resolve them. CE
Rich tributes were paid to a former chief minister of Sindh, Pir Illahi Bux on the occasion of his 34th death anniversary. A seminar was organised on the occasion at the Sindh Assembly here, says a statement on Friday.
Pakistan Poultry Association (PPA-North Zone) has said that there is a dire need to create awareness among the general public about the importance of eggs for human life. Pakistan's per capita consumption of egg is only 40-45 eggs per annum whereas consum
Chairman, Judicial Activism Panel (JAP), Muhammad Azhar Siddique has alleged that the government of Punjab, led by PML-N is trying its level best to postpone the elections, unless a ten-year span of a treaty signed by Mian Nawaz Sharif and the then govern
Lahore Development Authority (LDA) under continued operation against violations of building bye-laws demolished one building besides sealing seven for carrying out commercial activities on residential plots.
The Apparel sector has expressed doubts over meeting the exports target of $25 billion in the next five years set by the Ministry of Textile in first-ever-five-year textile policy. The Apparel sector sources told Business Recorder that the PAF is h
The Directorate-General of Intelligence and Investigation (DGI&I) of Federal Board of Revenue (FBR), Karachi, seized thousands of litres of smuggled diesel and lubricant oil in different parts of Sindh on Friday.
A delegation of South Asian Women in Media (SAWM) headed by senior journalist Reecha Chaudhry arrived in Lahore on Friday through Wahga border to participate in a regional conference of SAWM, which will be held at a local hotel from October 10-11. Chaudhr
The offshore investors' interest continued in stock market and they invested $32.587 million in foreign portfolio during the week ended on October 9, 2009. "The offshore investors' interest continued at the local share market due to available attractive l
The controversy pertaining to office of the President Lahore High Court Bar Association (LHCBA) again took a turn here, on Thursday, when the Lahore High Court (LHC) suspended the Pakistan Bar Council (PBC)'s orders declaring Munawar Gondal as bar Preside
ACCA, Pakistan has opened its first career portal in partnership with Rozee.pk, providing access to a range of employment opportunities for accountancy professionals and facilitating employers, in recruiting the best finance professionals and trainees.
Chief Minister Sindh Syed Qaim Ali Shah has said Supreme Court decision to fix sugar price at Rs40 per kg would be implemented strictly and all DCOs and other Revenue Officers having judicial powers have been directed to take action against cartels and il
The Chairman of Federal Board of Revenue (FBR), Sohail Ahmad, has said that all service providers, like professionals who can afforded to pay taxes, would be brought into the tax net under the new Value Added Tax (VAT) regime.
Punjab Population Welfare Minister Neelam Jabbar has said that a comprehensive awareness campaign would be launched in the province for controlling the rapidly growing population.
Registrar of Lahore High Court (LHC) Tahir Pervaiz has sent inquiry report of Gojra incident to the Punjab government. According to a press statement, the unfortunate incident took place at Gojra on 1-08-2009 and the competent authority had appointed Just
Pakistan Muslim League-Nawaz (Traders Wing) Punjab General Secretary and President Mall Road Traders Association Mohammad Naeem Mir has held the federal government responsible for price hike in the country. He said that if people came on streets and prote
Chief of the Awami Muslim League (AML) Sheikh Rashid Ahmed has accepted the verdict of Lahore High Court (LHC) delaying by-elections for 4 constituencies of Punjab but said he would challenge this decision before the Supreme Court of Pakistan.
The Lahore Businessmen Association for Rehabilitation of Disabled (Labard) is organising camp for disables from October 14 to 16 in the provincial metropolis. The camp will be set up at Main Pindi Stop in collaboration with the office bearers of the local
A suspected dengue fever patient who arrived in Islamabad from Saudi Arabia on Friday has been admitted at the Pakistan Institute of Medical Sciences (Pims). Pims Spokesman, Waseem Khawaja said that Abdul Ali Mian, 32, who is a driver in Saudi Arabia felt
The 37th Annual Day celebrations of the Sindh Graduates Association (SGA) will be held here on October 10. An announcement here on Friday said that Senior Sindh Minister Pir Mazhar ul Haq and provincial Ministers Sassi Palejo and Haji Muzaffar Hussain Shu
Pakistan Environmental Protection Agency (Pak-EPA) has arranged public hearing on 'Environmental Impact Assessment (EIA) of International Islamic Medical Trust (IIMCT) - 350 Bed Teaching Hospital and University Campus Project' Islamabad, costing Rs 8,753
The Lahore High Court (LHC) has issued notices for October 26 in a petition of ex-Principal of Government College Gulberg Lahore Professor Qazi Ikram Bashir challenging the inclusion of his name in the list of 26 principals whose BA/BSc results were poor.
Pakistan Tehreek-e-Insaf (PTI) on Friday staged a demonstration in front of Multan Press Club to condemn the Kerry-Lugar bill, and warned that if the controversial and anti-sovereignty clauses in the Kerry-Lugar Bill were not removed the nation would carr
Jamaat-e-Islami Secretary General Liaquat Baloch has said reservations expressed by the armed forces over the Kerry-Lugar Bill is a matter of deep satisfaction for the entire nation which has risen in protest against this enslaving document. In a press st
The Strategic Policy Committee (SPC) on IDPs has approved in-principle Rs 86.215 billion for the development of social, physical infrastructure and productive sectors for the second phase of reconstruction and rehabilitation in Malakand Division. This dec
The two-day meeting of National Judicial Policy-Making Committee (NJPMC) will be held here on Saturday (today) at the Lahore High Court. Chief Justice of Pakistan Iftikhar Muhammad Chaudhry will head the meeting in which Chief Justices of all the four Hig
Pakistan Peoples Party (PPP) is banking heavily upon Benazir Income Support Programme (BISP) to revive its lost popularity in the province of Punjab. According to the PPP, Punjab sources, BISP is gaining popularity among the poorest of the poor in Punjab,
The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
The National Database and Registration Authority (Nadra) has commenced "Motorcycle Service" to facilitate people living in congested areas so as enable them to get computerised national identity cards. According to the Nadra spokesman, the service has bee
The Government College University, Lahore has covered another milestone in the field of Science and Technology, by installing a high tech RF-Induction Furnace. The furnace, which can melt down almost all the chemical elements of the periodic table, would
Plan Pakistan will arrange an orientation workshop on "Child Protection Strategies in Pakistan and the role of Parliamentarians" for the "Young Parliamentarians Forum" on Saturday (today).
The participants at inaugural ceremony of B.Ed training workshop demanded to set up the study centre and examination centre in the area of Bahara Kahu. The ceremony was held at Ghazali College for Women in Bahara Kahu on Friday by Allama Iqbal Open Univer