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Print - 2009-10-16
Energy ministers point way on climate change

Energy ministers point way on climate change

Ministers attending the International Energy Agency (IEA) on Thursday agreed to work towards a low-carbon global economy at talks that included emerging giants China, India and Russia for the first time. "This is a historic moment," Dutch Economy Minister
Published 16 Oct, 2009 12:00am
Prices mixed on grain market

Prices mixed on grain market

Prices moved both ways on the wholesale grain market on Thursday as rates of sugar went up sharply and Masoor fell on easy supply in process of trading, dealers said.
Published 16 Oct, 2009 12:00am
Index rises despite attacks

Index rises despite attacks

Positive trend continued at the Karachi share market on Thursday mainly due to foreign investors' support and the KSE-100 index gained another 41.13 points to close at 9,845.74 points level. The foreign investors' interest continued despite terrorist atta
Published 16 Oct, 2009 12:00am
Indian sugar output seen at 15.3 million tonnes in 2009-10

Indian sugar output seen at 15.3 million tonnes in 2009-10

Lower area and drought will see India, the world's top consumer and the biggest producer of sugar after Brazil, fall severely short of domestic consumption for a second straight year in 2009/10, a Reuters poll showed. The poll of 10 respondents, including
Published 16 Oct, 2009 12:00am
Index rises despite attacks

Index rises despite attacks

Positive trend continued at the Karachi share market on Thursday mainly due to foreign investors' support and the KSE-100 index gained another 41.13 points to close at 9,845.74 points level. The foreign investors' interest continued despite terrorist atta
Published 16 Oct, 2009 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend persisted on the forward cottonseed oilcake market on Wednesday due to strong demand, dealers said. The December vaida, which closed at 905.70, opened with slight gain of 50 paisa at Rs 906.20 and the January contract also moved up as it clo
Published 16 Oct, 2009 12:00am
India and Russia agree on arms deal worth over $5 billion

India and Russia agree on arms deal worth over $5 billion

India and Russia agreed two military pacts on Thursday, including a 10-year deal on weapons, aircraft and maintenance contracts potentially worth at least $5 billion, Indian defence officials said. India's Defence Minister A.K. Antony and his Russian coun
Published 16 Oct, 2009 12:00am
Prices firm, turnover reduced on cotton market

Prices firm, turnover reduced on cotton market

Firmness prevailed on the cotton market on Thursday as leading mills and exporters did buying of best quality to meet the near term needs, dealers said. The official spot rate was unchanged at 3525. Phutti prices in Sindh were same at Rs 1725-1750 and in
Published 16 Oct, 2009 12:00am
India and Russia agree on arms deal worth over $5 billion

India and Russia agree on arms deal worth over $5 billion

India and Russia agreed two military pacts on Thursday, including a 10-year deal on weapons, aircraft and maintenance contracts potentially worth at least $5 billion, Indian defence officials said. India's Defence Minister A.K. Antony and his Russian coun
Published 16 Oct, 2009 12:00am
Kishenganga project: India invites Pakistan for talks

Kishenganga project: India invites Pakistan for talks

India has invited Pakistan for talks over controversial Kishenganga project, being built by it in occupied Kashmir on Neelum river, a tributary of Jhelum river. Pakistan has raised its serious concerns over the design of the dam describing it a violation
Published 16 Oct, 2009 12:00am
Strong gains recorded on cotton market

Strong gains recorded on cotton market

After a relatively sagging tendency during last week, this week the lint prices have shown a rebound and gained between Rs 100 to Rs 125 per maund (37.32 kgs) over the last four days.
Published 16 Oct, 2009 12:00am
Kishenganga project: India invites Pakistan for talks

Kishenganga project: India invites Pakistan for talks

India has invited Pakistan for talks over controversial Kishenganga project, being built by it in occupied Kashmir on Neelum river, a tributary of Jhelum river. Pakistan has raised its serious concerns over the design of the dam describing it a violation
Published 16 Oct, 2009 12:00am
Strong gains recorded on cotton market

Strong gains recorded on cotton market

After a relatively sagging tendency during last week, this week the lint prices have shown a rebound and gained between Rs 100 to Rs 125 per maund (37.32 kgs) over the last four days.
Published 16 Oct, 2009 12:00am
Kishenganga project: India invites Pakistan for talks

Kishenganga project: India invites Pakistan for talks

India has invited Pakistan for talks over controversial Kishenganga project, being built by it in occupied Kashmir on Neelum river, a tributary of Jhelum river. Pakistan has raised its serious concerns over the design of the dam describing it a violation
Published 16 Oct, 2009 12:00am
Malaysian tin ends flat

Malaysian tin ends flat

Malaysian tin ended unchanged on Thursday as traders were torn between lower London Metal Exchange prices and some buying from Europe and Japan, one dealer said.
Published 16 Oct, 2009 12:00am
US rice futures higher

US rice futures higher

US rice futures closed higher on Wednesday on support from a falling dollar. CBOT November up 14 cents at $14.04 per hundredweight. Thai prices fall, Manila demand lifts Vietnam. Pakistan tenders to sell and export 25,000 tonnes rice.
Published 16 Oct, 2009 12:00am
US copper ends up

US copper ends up

US copper futures ended up nearly 2 percent on Wednesday, driven by a 14-month low in the dollar, better-than-expected quarterly corporate profits and an unexpected surge in September imports of the metal into China. Copper for December delivery rose 5.00
Published 16 Oct, 2009 12:00am
Shanghai copper drifts lower

Shanghai copper drifts lower

Shanghai copper edged down on Thursday, as support from higher Chinese copper imports faded and investors took profits. Shanghai's benchmark third-month copper futures contract ended down 0.6 percent at 48,870 yuan a tonne, easing as London futures gave u
Published 16 Oct, 2009 12:00am
Islamabad and Istanbul agree to start talks on FTA

Islamabad and Istanbul agree to start talks on FTA

Pakistan and Turkey on Thursday agreed, in principle, to start negotiations on a free trade agreement (FTA), expected to be the top agenda item during Turkish Prime Minister Tayyip Erdogan''s visit to Islamabad within next 10 days. However, Turkey, prior
Published 16 Oct, 2009 12:00am
South African sugar to rise

South African sugar to rise

South Africa's 2009/10 sugar output is expected to rise slightly to 2.33 million tonnes from 2.26 million in the previous season on the back of higher global sugar prices, an industry body said on Thursday. "We're very optimistic that the rise in prices w
Published 16 Oct, 2009 12:00am
Islamabad and Istanbul agree to start talks on FTA

Islamabad and Istanbul agree to start talks on FTA

Pakistan and Turkey on Thursday agreed, in principle, to start negotiations on a free trade agreement (FTA), expected to be the top agenda item during Turkish Prime Minister Tayyip Erdogan's visit to Islamabad within next 10 days. However, Turkey, prior t
Published 16 Oct, 2009 12:00am
Tokyo rubber eases

Tokyo rubber eases

Tokyo rubber futures eased as investors took profits on Thursday when they neared a major resistance level at 220 yen, but sentiment remained bullish due to strong oil prices. The key Tokyo Commodity Exchange rubber contract for March delivery fell 3.5 ye
Published 16 Oct, 2009 12:00am
Islamabad and Istanbul agree to start talks on FTA

Islamabad and Istanbul agree to start talks on FTA

Pakistan and Turkey on Thursday agreed, in principle, to start negotiations on a free trade agreement (FTA), expected to be the top agenda item during Turkish Prime Minister Tayyip Erdogan's visit to Islamabad within next 10 days. However, Turkey, prior t
Published 16 Oct, 2009 12:00am
New York sugar finishes down

New York sugar finishes down

Raw sugar futures closed easier Wednesday on late investor sales as profit-taking and possible producer sales knocked the market down from session highs, brokers said. The March raw sugar contract shed 0.08 cent to settle at 22.71 cents per lb. Moving fro
Published 16 Oct, 2009 12:00am
Islamabad and Beijing to enhance trade to $15 billion by 2011

Islamabad and Beijing to enhance trade to $15 billion by 2011

Prime Minister Yousuf Raza Gilani and Chinese Premier Wen Jiabao on Thursday expressed their resolve to further strengthen bilateral ties in economic, defence and energy sectors for mutual benefit of the two countries.
Published 16 Oct, 2009 12:00am
US soyabean ends firm

US soyabean ends firm

US soyabean futures closed firm on Wednesday and the market rallied to its highest level since September 3 due to the slow harvest of US soyabean crop, the weak dollar and gains in crude oil and equities markets. CBOT November up 1 cent at $9.94 a bushel.
Published 16 Oct, 2009 12:00am
Islamabad and Beijing to enhance trade to $15 billion by 2011

Islamabad and Beijing to enhance trade to $15 billion by 2011

Prime Minister Yousuf Raza Gilani and Chinese Premier Wen Jiabao on Thursday expressed their resolve to further strengthen bilateral ties in economic, defence and energy sectors for mutual benefit of the two countries.
Published 16 Oct, 2009 12:00am
Malaysian palm oil lower

Malaysian palm oil lower

Malaysian palm oil futures dropped as much as 2.4 percent to a near one-week low on Thursday with traders taking profits from a rally fuelled by crude oil and higher exports. The ringgit was still strong despite easing to 3.356 against the dollar, keeping
Published 16 Oct, 2009 12:00am
Islamabad and Beijing to enhance trade to $15 billion by 2011

Islamabad and Beijing to enhance trade to $15 billion by 2011

Prime Minister Yousuf Raza Gilani and Chinese Premier Wen Jiabao on Thursday expressed their resolve to further strengthen bilateral ties in economic, defence and energy sectors for mutual benefit of the two countries.
Published 16 Oct, 2009 12:00am
Oil rises towards $76 in Asia

Oil rises towards $76 in Asia

Oil rose for the sixth straight session to near $76 a barrel on Thursday, touching its highest in a year after US industry data showed a surprise fall in crude stockpiles, suggesting that demand in the world's top oil consumer is recovering.
Published 16 Oct, 2009 12:00am
Pacts, MoUs signed on space technology, energy

Pacts, MoUs signed on space technology, energy

Pakistan and China on Thursday signed two agreements and Memoranda of Understanding (MoUs) on Space concessional loan, space technology and alternative energy. Prime Minister Yousuf Raza Gilani witnessed the signing ceremonies as the respective officials
Published 16 Oct, 2009 12:00am
Us gold settles down

Us gold settles down

US gold futures ended a tad lower on Wednesday, well off a record high set early in the session based on dollar weakness, as the market took a breather after a sharp rally that lifted prices to uncharted territory. December gold futures settle down 30 cen
Published 16 Oct, 2009 12:00am
Pacts, MoUs signed on space technology, energy

Pacts, MoUs signed on space technology, energy

Pakistan and China on Thursday signed two agreements and Memoranda of Understanding (MoUs) on Space concessional loan, space technology and alternative energy. Prime Minister Yousuf Raza Gilani witnessed the signing ceremonies as the respective officials
Published 16 Oct, 2009 12:00am
Gold prices firm in Asia

Gold prices firm in Asia

Gold was steady above $1,060 per ounce on Thursday as the dollar's weakness and oil's strength maintained the precious metal's appeal. Gold rose to new peaks above $1,070 per ounce on Wednesday as the greenback continued to slide against a basket of six c
Published 16 Oct, 2009 12:00am
Pacts, MoUs signed on space technology, energy

Pacts, MoUs signed on space technology, energy

Pakistan and China on Thursday signed two agreements and Memoranda of Understanding (MoUs) on Space concessional loan, space technology and alternative energy. Prime Minister Yousuf Raza Gilani witnessed the signing ceremonies as the respective officials
Published 16 Oct, 2009 12:00am
US corn firmer

US corn firmer

US corn futures closed firm on Wednesday on the slow harvest of the US corn crop, a weak dollar and gains in crude oil and equities. CBOT December up 1-1/4 cents at $3.83 a bushel. Funds bought 1,000 lots. Nearby contract hit $3.88-3/4 early in the sessio
Published 16 Oct, 2009 12:00am
US condemn terrorist attacks

US condemn terrorist attacks

The US Embassy in Pakistan strongly condemned the terrorist attacks in Lahore and the terrorist bombing in Peshawar and Kohat on Thursday. In a press statement here the Embassy said that the horrific injuries and loss of life witnessed in Lahore, Peshawar
Published 16 Oct, 2009 12:00am
Venezuela oil firm to invest $16 billion in 2010

Venezuela oil firm to invest $16 billion in 2010

Venezuela's Petroleos de Venezuela (PDVSA) will invest more than 16 billion dollars in 2010 in a variety of projects, the state oil company said Wednesday. The investments will go towards projects including a joint Venezuelan-Russian project to exploit ma
Published 16 Oct, 2009 12:00am
Enemies hiring killers: Malik

Enemies hiring killers: Malik

The Federal Interior Minister Rehman Malik said Thursday that the enemy forces are trying to destabilise Pakistan by hiring murderers for terrorist attacks. The Interior Minister, who dashed to the city and visited the affected sites including the FIA bui
Published 16 Oct, 2009 12:00am
US House panel approves new OTC derivatives rules

US House panel approves new OTC derivatives rules

New rules for the largely unpoliced, $450-trillion over-the-counter derivatives market were approved by a key US congressional committee on Thursday in a win for the Obama administration. The House of Representatives Financial Services Committee voted 43-
Published 16 Oct, 2009 12:00am
Enemies hiring killers: Malik

Enemies hiring killers: Malik

The Federal Interior Minister Rehman Malik said Thursday that the enemy forces are trying to destabilise Pakistan by hiring murderers for terrorist attacks. The Interior Minister, who dashed to the city and visited the affected sites including the FIA bui
Published 16 Oct, 2009 12:00am
Fresh private bank M&A adds to sector shakeup

Fresh private bank M&A adds to sector shakeup

Private bank consolidation created new players in Asian and British wealth management on Thursday, reshaping how the rich manage their money around the world. Dutch bank ING, under pressure to restructure after receiving government bailout funds during th
Published 16 Oct, 2009 12:00am
Kaira condemns Lahore, Kohat attacks

Kaira condemns Lahore, Kohat attacks

Minister for Information and Broadcasting, Qamar Zaman Kaira on Thursday condemned the terrorist attacks in Lahore and Kohat. In a message issued here, he expressed grief and sorrow over those who lost their lives in the attacks and said Pakistan was comm
Published 16 Oct, 2009 12:00am
Bulgaria, China sign copper deal

Bulgaria, China sign copper deal

Bulgaria and China signed a major copper deal Thursday during a visit to Sofia by Chinese Vice-President Xi Jinping who pledged to further boost trade and investment between the two countries. Aurubis Bulgaria, a subsidiary of German-based Aurubis, Europe
Published 16 Oct, 2009 12:00am
Foreign Minister condemns suicide bomb blast in Kohat

Foreign Minister condemns suicide bomb blast in Kohat

Foreign Minister Makhdoom Shah Mahmood Qureshi has strongly condemned the suicide bomb blast in Kohat. He expressed sorrow and grief at the casualties. The Foreign Minister said that killing innocent people has no justification whatsoever. He said that su
Published 16 Oct, 2009 12:00am
EU and South Korea ink free-trade deal

EU and South Korea ink free-trade deal

The European Union and South Korea on Thursday signed a free trade deal which Brussels said would be worth 19 billion euros (28 billion dollars) in new trade for EU exporters. The accord, signed by EU trade commissioner Catherine Ashton and South Korean T
Published 16 Oct, 2009 12:00am
Prime Minister condemns Lahore attacks

Prime Minister condemns Lahore attacks

Prime Minister Syed Yousuf Raza Gilani strongly condemned terrorist attacks in Lahore and expressed the government's resolve to continue fight against terrorism. In a statement, the Prime Minister said the people and security forces of Pakistan will defea
Published 16 Oct, 2009 12:00am
US consumer prices edge up, jobless claims fall

US consumer prices edge up, jobless claims fall

US consumer prices rose marginally in September and the number of workers filing new claims for jobless insurance hit a nine-month low last week, more proof the economy was healing after a protracted recession. Separately, a gauge of manufacturing in New
Published 16 Oct, 2009 12:00am
UK stands 'shoulder to shoulder': Brown

UK stands 'shoulder to shoulder': Brown

Britain stands "shoulder to shoulder" with Pakistan following the latest attacks there in which 39 people died Thursday, Prime Minister Gordon Brown's spokesman said. Brown wrote to President Asif Ali Zardari after militants unleashed coordinated attacks
Published 16 Oct, 2009 12:00am
Diarrhoea causes 1.5 million infant deaths a year: UN

Diarrhoea causes 1.5 million infant deaths a year: UN

Diarrhoea still claims the lives of 1.5 million children under the age of five a year, UN agencies warned Wednesday, as they launched a new campaign against the ailment. "It is a tragedy that diarrhoea, which is little more than an inconvenience in the de
Published 16 Oct, 2009 12:00am
RHJ buys Kleinwort Benson from Commerzbank

RHJ buys Kleinwort Benson from Commerzbank

RHJ International is to buy UK wealth management unit Kleinwort Benson from Commerzbank for 225 million pounds ($359.5 million), the latest in a flurry of private banking sales. The transformational deal, which lifted RHJ shares 8.5 percent, comes on the
Published 16 Oct, 2009 12:00am
BPC informed about progress made on market access

BPC informed about progress made on market access

The second meeting of the Business Person Council (BPC) was held under the chairmanship of Federal Minister for Finance, Economic Affairs and Revenue Shaukat Tarin here on Thursday. The Minister informed the BPC of the progress made by the government on m
Published 16 Oct, 2009 12:00am
Former-Soviet bloc economy to shrink more than expected in 2009: EBRD

Former-Soviet bloc economy to shrink more than expected in 2009: EBRD

The former Soviet bloc economy will contract by a sharper-than-expected 6.3 percent in 2009 before returning to growth next year, the European Bank for Reconstruction and Development forecast Thursday. "The economies of central and eastern Europe are expe
Published 16 Oct, 2009 12:00am
BPC informed about progress made on market access

BPC informed about progress made on market access

The second meeting of the Business Person Council (BPC) was held under the chairmanship of Federal Minister for Finance, Economic Affairs and Revenue Shaukat Tarin here on Thursday. The Minister informed the BPC of the progress made by the government on m
Published 16 Oct, 2009 12:00am
Flu drug Tamiflu boosts Roche sales in third-quarter

Flu drug Tamiflu boosts Roche sales in third-quarter

Roche beat forecasts with a 10 percent rise in third-quarter sales, helped by demand for Tamiflu due to the H1N1 swine flu pandemic, and the Swiss group now sees higher drug revenues for the full year. Tamiflu outstripped expectations in the third quarter
Published 16 Oct, 2009 12:00am
BPC informed about progress made on market access

BPC informed about progress made on market access

The second meeting of the Business Person Council (BPC) was held under the chairmanship of Federal Minister for Finance, Economic Affairs and Revenue Shaukat Tarin here on Thursday. The Minister informed the BPC of the progress made by the government on m
Published 16 Oct, 2009 12:00am
G7 struggles from recession into rising unemployment

G7 struggles from recession into rising unemployment

The world's richest countries will all have quit recession by the third quarter, but growth will struggle to keep pace with Asian economies heading into 2010, Reuters polls showed. The polls confirmed leading economists do not expect the Group of Seven ec
Published 16 Oct, 2009 12:00am
US House backs Guantanamo prisoner transfer

US House backs Guantanamo prisoner transfer

The US House of Representatives on Thursday voted to allow the Obama administration to bring foreign terrorism suspects from the Guantanamo Bay prison to the United States to face trial. The 307 to 114 vote removes one of many roadblocks the administratio
Published 16 Oct, 2009 12:00am
China says foreign reserves at $2.27 trillion

China says foreign reserves at $2.27 trillion

China's foreign reserves, already the world's largest, hit a record high $2.273 trillion by the end of September as surging asset prices and the economic recovery attracted investment. The People's Bank of China said in a report on its Web site Wednesday
Published 16 Oct, 2009 12:00am
US House backs Guantanamo prisoner transfer

US House backs Guantanamo prisoner transfer

The US House of Representatives on Thursday voted to allow the Obama administration to bring foreign terrorism suspects from the Guantanamo Bay prison to the United States to face trial. The 307 to 114 vote removes one of many roadblocks the administratio
Published 16 Oct, 2009 12:00am
Italy's GDP outlook brightens a tad

Italy's GDP outlook brightens a tad

The outlook for Italy's economy has brightened slightly over the last three months, with a timid return to growth seen in 2010, but the country's finances are likely to deteriorate even further, according to a Reuters poll. The median forecast in the quar
Published 16 Oct, 2009 12:00am
Runaway balloon lands; boy missing

Runaway balloon lands; boy missing

An experimental balloon believed to have been carrying a six-year-old boy landed in Colorado Thursday after floating for more than an hour watched by people across the nation. Images of the silver, mushroom-shaped craft were shown by Denver television sta
Published 16 Oct, 2009 12:00am
Many Indian state-run firms eager to list shares: Prime Minister

Many Indian state-run firms eager to list shares: Prime Minister

Many state-run Indian firms are eager to list their shares on the stock market and it was good for them to do so, the prime minister said on Thursday, a sign that more stake sales were likely in coming months. Prime Minister Manmohan Singh also said the g
Published 16 Oct, 2009 12:00am
Runaway balloon lands; boy missing

Runaway balloon lands; boy missing

An experimental balloon believed to have been carrying a six-year-old boy landed in Colorado Thursday after floating for more than an hour watched by people across the nation. Images of the silver, mushroom-shaped craft were shown by Denver television sta
Published 16 Oct, 2009 12:00am
Xstrata gives up on Anglo bid

Xstrata gives up on Anglo bid

Miner Xstrata Plc has given up its pursuit of rival Anglo American, it announced on Thursday, leaving Anglo to push ahead with its own restructuring plan and raising questions about whether Xstrata will revisit former target Lonmin. Xstrata said it has dr
Published 16 Oct, 2009 12:00am
Prime Minister returns from China

Prime Minister returns from China

Prime Minister Syed Yousuf Raza Gilani returned home here on Thursday night after his four-day official visit to China.
Published 16 Oct, 2009 12:00am
Japan may need more bonds for record budget

Japan may need more bonds for record budget

Japan's new government could issue more bonds than it initially planned to fund its ambitious spending programmes as requests for next year's budget swell to a record. Yields on 10-year Japanese government bonds climbed to a three-week high on Thursday af
Published 16 Oct, 2009 12:00am
Prime Minister returns from China

Prime Minister returns from China

Prime Minister Syed Yousuf Raza Gilani returned home here on Thursday night after his four-day official visit to China.
Published 16 Oct, 2009 12:00am
Japan may need more bonds for record budget

Japan may need more bonds for record budget

Japan's new government could issue more bonds than it initially planned to fund its ambitious spending programmes as requests for next year's budget swell to a record. Yields on 10-year Japanese government bonds climbed to a three-week high on Thursday af
Published 16 Oct, 2009 12:00am
Zardari briefed on mega uplift projects in Sindh

Zardari briefed on mega uplift projects in Sindh

A briefing was held in the Presidency on Thursday to review the progress made on various development projects in Sindh with President Asif Ali Zardari in the chair. It was also attended by Sindh Chief Minister Syed Qaim Ali Shah, Water and Power Minister
Published 16 Oct, 2009 12:00am
Australia, China ties thaw as military chiefs meet

Australia, China ties thaw as military chiefs meet

Months of tense diplomatic relations between Australia and China showed signs of easing on Thursday, with senior military leaders from both holding brief strategic talks in Australia's capital. General Chen Bingde, Chief of General Staff for the three-mil
Published 16 Oct, 2009 12:00am
Zardari briefed on mega uplift projects in Sindh

Zardari briefed on mega uplift projects in Sindh

A briefing was held in the Presidency on Thursday to review the progress made on various development projects in Sindh with President Asif Ali Zardari in the chair. It was also attended by Sindh Chief Minister Syed Qaim Ali Shah, Water and Power Minister
Published 16 Oct, 2009 12:00am
Somali pirates seize Singapore container ship

Somali pirates seize Singapore container ship

Somali pirates on Thursday seized a Singapore-flagged container ship in the Indian Ocean, as dropping winds near the Seychelles allowed the hijacking season to get into full swing. "The Singapore flagged and owned boxship Kota Wajar was seized around 300
Published 16 Oct, 2009 12:00am
Zardari briefed on mega uplift projects in Sindh

Zardari briefed on mega uplift projects in Sindh

A briefing was held in the Presidency on Thursday to review the progress made on various development projects in Sindh with President Asif Ali Zardari in the chair. It was also attended by Sindh Chief Minister Syed Qaim Ali Shah, Water and Power Minister
Published 16 Oct, 2009 12:00am
Karadzic trial to start on October 26

Karadzic trial to start on October 26

The war crimes trial of Radovan Karadzic, who led Bosnian Serbs into a 1992-1995 war that killed 100,000 people, will start on October 26 in The Hague, judges ordered on Thursday. Karadzic, 64, who has unsuccessfully tried to have the trial delayed and ha
Published 16 Oct, 2009 12:00am
FC man killed in Quetta

FC man killed in Quetta

One FC functionary was killed while two others were wounded when unknown miscreants attacked their patrolling vehicle with a hand grenade at the Sariab Road late Thursday, FC officials said. The vehicle was on a routine patrol when the miscreants attacked
Published 16 Oct, 2009 12:00am
Pakistan and Iran agree to expedite gas pipeline project

Pakistan and Iran agree to expedite gas pipeline project

Prime Minister Yousuf Raza Gilani and Iran's First Vice President M. R. Rahimi met here and agreed to expedite Iran-Pakistan gas pipeline project. The two leaders, who are in the Chinese capital to attend the summit of Shanghai Co-operation Organisation,
Published 16 Oct, 2009 12:00am
UK stands 'shoulder to shoulder': Brown

UK stands 'shoulder to shoulder': Brown

Britain stands "shoulder to shoulder" with Pakistan following the latest attacks there in which 39 people died Thursday, Prime Minister Gordon Brown's spokesman said. Brown wrote to President Asif Ali Zardari after militants unleashed coordinated attacks
Published 16 Oct, 2009 12:00am
Singapore firm wins $500 million contract from US Army

Singapore firm wins $500 million contract from US Army

Singapore's ST Engineering said Thursday it has won a five-year contract worth 500 million US dollars from the US Army to supply equipment that will support and maintain high-tech weapons systems. The Singapore-listed firm, which describes itself as one o
Published 16 Oct, 2009 12:00am
Deadly wave of attacks: gunmen, bombs hit five sites: 39 dead

Deadly wave of attacks: gunmen, bombs hit five sites: 39 dead

Teams of gunmen launched coordinated attacks on three law enforcement facilities in Lahore and car bombs hit two other cities Thursday, killing a total of 39 people in an escalating wave of anti-government violence. The bloodshed, aimed at scuttling a pla
Published 16 Oct, 2009 12:00am
Guinea signs $7 billion deal with China

Guinea signs $7 billion deal with China

The junta-backed government of Guinea has signed a seven-billion-dollar (4.5-billion-euro) mining and oil partnership deal with the China International Fund (CIF), Guinea's mining minister said Thursday. "We have signed Saturday with the China Internation
Published 16 Oct, 2009 12:00am
Deadly wave of attacks: gunmen, bombs hit five sites: 39 dead

Deadly wave of attacks: gunmen, bombs hit five sites: 39 dead

Teams of gunmen launched coordinated attacks on three law enforcement facilities in Lahore and car bombs hit two other cities Thursday, killing a total of 39 people in an escalating wave of anti-government violence. The bloodshed, aimed at scuttling a pla
Published 16 Oct, 2009 12:00am
Nokia posts first loss this decade

Nokia posts first loss this decade

Finnish mobile phone giant Nokia reported a third quarter net loss Thursday of 559 million euros (834 million dollars), its first shortfall this decade, citing falling sales and a large impairment cost. The surprising loss drove Nokia shares down 9.32 per
Published 16 Oct, 2009 12:00am
10,000-15,000 more troops needed in Southern Afghanistan: Isaf

10,000-15,000 more troops needed in Southern Afghanistan: Isaf

Between 10,000 and 15,000 more troops are needed to maintain security in restive southern Afghanistan, NATO's commander in the region told AFP in an interview Thursday. "In RC (regional command) south, to really complete the 'shape, clear, hold, build,' w
Published 16 Oct, 2009 12:00am
EU shelves plan to unveil disputed bank reform for now

EU shelves plan to unveil disputed bank reform for now

The European Commission has abandoned plans to publish laws on bank capital rules this month, the EU executive said, amid a dispute that puts a question mark over its centrepiece reform to the way banks work. Charlie McCreevy, the EU's outgoing commission
Published 16 Oct, 2009 12:00am
10,000-15,000 more troops needed in Southern Afghanistan: Isaf

10,000-15,000 more troops needed in Southern Afghanistan: Isaf

Between 10,000 and 15,000 more troops are needed to maintain security in restive southern Afghanistan, NATO's commander in the region told AFP in an interview Thursday. "In RC (regional command) south, to really complete the 'shape, clear, hold, build,' w
Published 16 Oct, 2009 12:00am
Canada's home sales hit record high

Canada's home sales hit record high

Sales of existing homes in Canada rose 1.5 percent in September from August, bringing sales in the third quarter to a record high, the Canadian Real Estate Association (CREA) said on Thursday. The industry group said a total of 42,958 homes changed hands
Published 16 Oct, 2009 12:00am
Pakistan and Iran agree to expedite gas pipeline project

Pakistan and Iran agree to expedite gas pipeline project

Prime Minister Yousuf Raza Gilani and Iran''s First Vice President M. R. Rahimi met here and agreed to expedite Iran-Pakistan gas pipeline project. The two leaders, who are in the Chinese capital to attend the summit of Shanghai Co-operation Organisation,
Published 16 Oct, 2009 12:00am
Bill Gates pledges millions to African, Indian farming

Bill Gates pledges millions to African, Indian farming

Microsoft co-founder turned philanthropist Bill Gates on Thursday will unveil grants totalling 120 million dollars to promote dynamic, home-grown, sustainable agriculture in Africa and India. The grants, which will be made by the Bill and Melinda Gates Fo
Published 16 Oct, 2009 12:00am
Policeman killed in Gwadar blast

Policeman killed in Gwadar blast

One policeman died while two others sustained minor injuries when a bomb planted in a motorbike exploded in front of the B&R office Gwadar, police said Thursday. According to the officials, the police rushed to the site after local people of the area comp
Published 16 Oct, 2009 12:00am
Arctic ice cap to disappear in 20-30 years

Arctic ice cap to disappear in 20-30 years

The Arctic ice cap will vanish completely in summer months within 20-30 years, polar researchers said Thursday, sounding the alarm two months before a critical climate change summit in Copenhagen. It is likely to be largely ice-free during the warmer mont
Published 16 Oct, 2009 12:00am
Policeman killed in Gwadar blast

Policeman killed in Gwadar blast

One policeman died while two others sustained minor injuries when a bomb planted in a motorbike exploded in front of the B&R office Gwadar, police said Thursday. According to the officials, the police rushed to the site after local people of the area comp
Published 16 Oct, 2009 12:00am
Afghanistan's Abdullah hopeful of presidential run-off

Afghanistan's Abdullah hopeful of presidential run-off

The main rival in Afghanistan's fraud-tainted election, Abdullah Abdullah, said Thursday he hoped investigations into ballot-stuffing allegations would result in a run-off. Afghanistan's August 20 elections remain overshadowed by allegations of fraud, mos
Published 16 Oct, 2009 12:00am
Sarkozy says no more troops for Afghanistan

Sarkozy says no more troops for Afghanistan

France will stay in Afghanistan but will not send any extra troops to the war-torn country, President Nicolas Sarkozy said in an interview published Thursday. "Do we need to stay in Afghanistan? I say yes. And stay to win. Not against Afghanistan, but for
Published 16 Oct, 2009 12:00am
Hamas refuses to sign Palestinian reconciliation plan

Hamas refuses to sign Palestinian reconciliation plan

Syria-based Palestinian groups including the Islamist Hamas said on Thursday they will not sign a reconciliation deal with rival Fatah unless the text includes a clause on the right to resist Israeli occupation. Fatah has already said it backs the Egypt-m
Published 16 Oct, 2009 12:00am
FC man killed in Quetta

FC man killed in Quetta

One FC functionary was killed while two others were wounded when unknown miscreants attacked their patrolling vehicle with a hand grenade at the Sariab Road late Thursday, FC officials said. The vehicle was on a routine patrol when the miscreants attacked
Published 16 Oct, 2009 12:00am
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