AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 Increased By 59.3 (0.57%)
BR30 31,226 Increased By 36.9 (0.12%)
KSE100 98,080 Increased By 281.6 (0.29%)
KSE30 30,559 Increased By 78 (0.26%)
Print - 2009-12-21
ACCA Approved Learning Partners

ACCA Approved Learning Partners

Choosing how and where students should study is one of the most important decisions that they have to make when preparing for exams. Is it better to study with a tuition provider, at a home? How does one decide - from all the institutions offering tuition
Published 21 Dec, 2009 12:00am
The Ceremonies

The Ceremonies

Lahore Ceremony: Mr. Salman Taseer, Governor Punjab, graced the High Achievers ceremony in Lahore. Honourable Chief Guest distributed certificates and awards among 55 High Achievers, of whom 34 were global place winners and 21 were national winners
Published 21 Dec, 2009 12:00am
Message from Head of ACCA Pakistan

Message from Head of ACCA Pakistan

Many congratulations to our High Achievers and their teachers for their remarkable performances in the ACCA and CAT examinations. Well done and keep it up! While you have already proven your academic excellence in these exams, which will indeed take you f
Published 21 Dec, 2009 12:00am
Message from ACCA Chief Executive

Message from ACCA Chief Executive

Many congratulations on your examination successes, which enable you to become role models in both your academic institutions and the industry. You will be aware, of course, that while passing the examinations is a cause for considerable celebration, bein
Published 21 Dec, 2009 12:00am
Message from ACCA President

Message from ACCA President

On behalf of ACCA's Council, I am delighted to congratulate you on your outstanding performance in the ACCA and CAT Examinations. I hope you enjoy this opportunity to celebrate your achievement with family, friends and colleagues.
Published 21 Dec, 2009 12:00am
About the Ceremony

About the Ceremony

ACCA Pakistan takes immense pride in acknowledging the High Achievers of 2008-2009 ACCA and CAT Examinations. Overall 90 students from Pakistan attained distinctions, with 31 global positions and 59 national positions.
Published 21 Dec, 2009 12:00am
Hundreds protest in Macau on handover anniversary

Hundreds protest in Macau on handover anniversary

About a thousand people marched through Macau's streets on Sunday, urging the government to fight corruption and grant them more political freedom, as the territory marked its 10th anniversary under Chinese rule.
Published 21 Dec, 2009 12:00am
Karzai defends new Afghan cabinet

Karzai defends new Afghan cabinet

Afghanistan's President Hamid Karzai on Sunday defended his nominees for ministerial posts and promised that all members of his cabinet will be accountable as he fights to eradicate corruption. Karzai is facing extreme pressure from his Western backers to
Published 21 Dec, 2009 12:00am
Iraq says Iranian troops left disputed oil well

Iraq says Iranian troops left disputed oil well

A stand-off between Iraq and Iran over a remote oil well ended peacefully Sunday as Iranian forces pulled back from the disputed site. In Baghdad, officials approved a preliminary deal with an international group to develop one of Iraq's most prized oil f
Published 21 Dec, 2009 12:00am
Berlusconi's popularity rises after attack: poll

Berlusconi's popularity rises after attack: poll

Italian Prime Minister Silvio Berlusconi's approval rating has risen back above 50 percent after an attack against him sparked a wave of sympathy even among opposition voters, an opinion poll showed on Sunday. Berlusconi, 73, was struck in the face a week
Published 21 Dec, 2009 12:00am
Sri Lanka's war heroes battle for a clean image

Sri Lanka's war heroes battle for a clean image

A presidential election in Sri Lanka next month will see two former allies from the country's bitter civil war slugging it out, but their record on corruption, not the battlefield, might swing the final vote.
Published 21 Dec, 2009 12:00am
Iraqi deputy minister gets eight years for corruption

Iraqi deputy minister gets eight years for corruption

An Iraqi court has jailed a former deputy minister of transport for eight years after anti-corruption forces caught him taking a bribe, Iraq's Integrity Commission said on Sunday. Adnan al-Ubaidi, a Sunni Arab politician, was caught on camera in a sting i
Published 21 Dec, 2009 12:00am
Thousands protest in Taiwan over China trade talks

Thousands protest in Taiwan over China trade talks

Thousands of people marched in Taiwan on Sunday to protest against warming ties with political rival China, a day before Beijing's top negotiator arrives on the island for talks on a landmark free trade pact.
Published 21 Dec, 2009 12:00am
Quake hits Malawi, killing three, injuring nearly 300

Quake hits Malawi, killing three, injuring nearly 300

A strong earthquake has hit Malawi, and a government official says at least 3 people have been killed and nearly 300 injured. The 6.0-magnitude quake struck the south-east African country at 1:19 am Sunday, according to the US Geological Survey. Gasten Ma
Published 21 Dec, 2009 12:00am
At least 55 dead in Nigerian truck crash

At least 55 dead in Nigerian truck crash

A federal spokesman says at least 55 people died and 38 others were injured when a truck carrying bags of fertiliser slammed into a group of people near a market in central Nigeria. Samuel Obayemi of the Nigerian Federal Road Commission says the truck dri
Published 21 Dec, 2009 12:00am
Yemen rebels say Saudi air strikes kill 54 civilians

Yemen rebels say Saudi air strikes kill 54 civilians

A spokesman for Shia rebels in Yemen on Sunday accused Saudi forces of killing 54 civilians in air strikes against a border town between the two countries. There was no independent confirmation of the claim made by the spokesman, who identified himself on
Published 21 Dec, 2009 12:00am
UN's Ban seeks tougher CO2 curbs, climate aid

UN's Ban seeks tougher CO2 curbs, climate aid

All nations should set tougher goals for combating global warming at a UN summit and the rich should spell out how much aid they will give the poor by 2020, U.N. Secretary-General Ban Ki-moon said on December 16.
Published 21 Dec, 2009 12:00am
QLT sees at least one deal next year

QLT sees at least one deal next year

QLT Inc expects to strike at least one licensing deal over the next year to add to the Canadian biotech company's growing portfolio of eye-care products. With about $190 million in cash to spend, QLT has its sights set on treatments for glaucoma, a market
Published 21 Dec, 2009 12:00am
Marginal impact from proposed 'Botax'

Marginal impact from proposed 'Botax'

Botox maker Allergan Inc is actively fighting a proposed US cosmetic surgery tax, but sees a marginal impact on the company, Allergan's chief executive told Reuters on December 11. Healthcare legislation pending in the US Senate includes a 5 percent tax o
Published 21 Dec, 2009 12:00am
SolarCity enters Colorado, eyes other markets

SolarCity enters Colorado, eyes other markets

Privately held solar power firm SolarCity is expanding in Colorado, its fourth market, and sees more expansion next year, the company's chief executive said on December 15. SolarCity, whose backers include U.S. solar panel maker First Solar Inc, plans to
Published 21 Dec, 2009 12:00am
Nokian Renkaat chief executive upbeat on 2010 prospects

Nokian Renkaat chief executive upbeat on 2010 prospects

Finnish tyre maker Nokian Renkaat will have better results in 2010 due to its lower inventories regardless of whether there is strong market growth, the chief executive said on Tuesday. Nokian Renkaat has suffered in 2009 like other auto industry players
Published 21 Dec, 2009 12:00am
Nokian Renkaat chief executive upbeat on 2010 prospects

Nokian Renkaat chief executive upbeat on 2010 prospects

Finnish tyre maker Nokian Renkaat will have better results in 2010 due to its lower inventories regardless of whether there is strong market growth, the chief executive said on Tuesday. Nokian Renkaat has suffered in 2009 like other auto industry players
Published 21 Dec, 2009 12:00am
Investors seem unmoved by Kraft bid: chief executive

Investors seem unmoved by Kraft bid: chief executive

Cadbury Plc executives met with most of the company's major shareholders and it appears that a significant number do not believe Kraft's offer for the company reflects the British chocolatier's stand-alone value, Cadbury's chief executive on Friday.
Published 21 Dec, 2009 12:00am
Dexia's chief executive sees positive fourth quarter

Dexia's chief executive sees positive fourth quarter

Franco-Belgian financial services group Dexia expects its fourth quarter figures to be similar to the positive results of the previous three quarters, its chief executive said on Saturday. Dexia reported a third consecutive quarterly profit last month.
Published 21 Dec, 2009 12:00am
Dexia's chief executive sees positive fourth quarter

Dexia's chief executive sees positive fourth quarter

Franco-Belgian financial services group Dexia expects its fourth quarter figures to be similar to the positive results of the previous three quarters, its chief executive said on Saturday. Dexia reported a third consecutive quarterly profit last month.
Published 21 Dec, 2009 12:00am
Kraft replaces $4.5 billion revolving credit facility

Kraft replaces $4.5 billion revolving credit facility

Kraft Foods Inc said on Tuesday it has entered into a three-year agreement for $4.5 billion of senior unsecured revolving credit, replacing a previous agreement the company uses for general operating expenses. The agreement announced on Tuesday is separat
Published 21 Dec, 2009 12:00am
Allianz Real Estate eyes 1-2 billion euros in deals

Allianz Real Estate eyes 1-2 billion euros in deals

The real-estate arm of German insurer Allianz expects to be able to boost its portfolio in 2010, thanks to asset sales from cash-strapped competitors struggling with a lack of credit, its CEO said.
Published 21 Dec, 2009 12:00am
US university coding future of news

US university coding future of news

Personalised newscasts culled from the Web and presented by digital avatars. Baseball stories written by computers using raw data. Television anchors and sports reporters may not need to start looking for other jobs just yet but students and professors at
Published 21 Dec, 2009 12:00am
Twitter gets more business friendly

Twitter gets more business friendly

Twitter is testing a way to let businesses better use the popular microblogging service in what could be a future money-making opportunity. Twitter is testing a "Contributors" feature that enables companies to have accounts that workers can share when it
Published 21 Dec, 2009 12:00am
Mobile sales to fall 0.7 percent this year: Gartner

Mobile sales to fall 0.7 percent this year: Gartner

World-wide sales of mobile devices are expected to decline by nearly 0.7 percent this year and pick up again next year with nine percent growth, Gartner research group said on December 15. Gartner's forecast of 0.67 percent decline in sales in 2009 compar
Published 21 Dec, 2009 12:00am
Text messaging up sharply in US

Text messaging up sharply in US

The number of text messages sent in the United States has increased more than 52 times in the six years since 2003, data compiled by the Census Bureau showed on December 15. The number of abbreviated messages tapped out on US mobile phones and handheld de
Published 21 Dec, 2009 12:00am
Google, Fujitsu join 'smart objects' alliance

Google, Fujitsu join 'smart objects' alliance

Internet powerhouse Google and Japanese electronics giant Fujitsu have joined an alliance to promote the ability of objects from appliances to cars to communicate with one another online.
Published 21 Dec, 2009 12:00am
Google adds new media partners to 'Fast Flip'

Google adds new media partners to 'Fast Flip'

Internet giant Google on December 16 added another 24 media partners to its online news reader "Fast Flip," including the Tribune and McClatchy newspaper groups, the Huffington Post and Politico.
Published 21 Dec, 2009 12:00am
State Department revamps website in Web 2.0 push

State Department revamps website in Web 2.0 push

The US State Department unveiled a new look website on December 17 as it embraces social networking and other Web 2.0 tools in an exercise it called "21st Century statecraft."
Published 21 Dec, 2009 12:00am
Bing app for iPhones hits App Store

Bing app for iPhones hits App Store

Microsoft on December 16 announced that a Bing application tailored for Apple's beloved iPhones has hit the virtual shelves of its long-time rival's online App Store. "We like everybody and the key thing is what platforms and experiences users want and ho
Published 21 Dec, 2009 12:00am
Kenya's Essar to launch mobile money transfers

Kenya's Essar to launch mobile money transfers

Kenya's fourth mobile network Essar Telecom said on December 15 it plans to launch a money transfer product to rival two similar products in east Africa's biggest economy. Other Kenyan operators, Safaricom and Zain, already have successful transfer produc
Published 21 Dec, 2009 12:00am
TeliaSonera launches first commercial 4G/LTE network

TeliaSonera launches first commercial 4G/LTE network

Nordic telecom operator TeliaSonera announced on December 14 the launch in Stockholm and Oslo of the world's first commercial 4G/LTE mobile network, up to 10 times faster than current networks.
Published 21 Dec, 2009 12:00am
Microsoft opens its PCs to other web browsers in Europe: EU

Microsoft opens its PCs to other web browsers in Europe: EU

Computer users in Europe who buy new hardware based on Microsoft's Windows operating system will no longer be tied to using the company's Internet Explorer web browser, the European Commission said on December 16.
Published 21 Dec, 2009 12:00am
Storm threatens US retailers' last holiday push

Storm threatens US retailers' last holiday push

US retailers' final weekend sales push before Christmas was under threat as a severe winter snowstorm struck the East Coast, forcing store closures and keeping shoppers at home on "Super Saturday." The last Saturday before Christmas typically accounts for
Published 21 Dec, 2009 12:00am
Shell plans $5 billion sale of assets in Nigeria

Shell plans $5 billion sale of assets in Nigeria

Royal Dutch Shell, Europe's largest oil company, is planning to sell oilfields in Nigeria valued at up to $5 billion, the Sunday Times reported, citing sources linked to companies interested in the assets. The newspaper said the auction comes as Nigeria p
Published 21 Dec, 2009 12:00am
Hyundai to set up commercial vehicle joint venture in China

Hyundai to set up commercial vehicle joint venture in China

Hyundai Motor Co said on Sunday it had signed an initial agreement to create a commercial vehicle joint venture with China's Baotou Bei Ben Heavy-Duty Truck Co Ltd with a total investment of $400 million.
Published 21 Dec, 2009 12:00am
Airlines eye 'contact-less' travel

Airlines eye 'contact-less' travel

Airlines are trying to shrug off a financially-plagued decade by promising passengers more low fares as well as a seamless, paperless and even "contact-less" travel experience, industry executives said.
Published 21 Dec, 2009 12:00am
Gulf to keep spending high in 2010 as oil prices up

Gulf to keep spending high in 2010 as oil prices up

Gulf Arab states are likely to keep their large spending packages in place next year, even as major economies withdraw stimulus, as higher oil prices give the world's top oil exporting region enough room to support a fragile recovery.
Published 21 Dec, 2009 12:00am
Saudi mobile users rise sharply in third quarter

Saudi mobile users rise sharply in third quarter

Saudi mobile phone subscriptions topped 41 million at the end of the third quarter, beating expectations from several analysts as competition between the kingdom's three operators hotted up. "The market penetration for this service has reached 162 percent
Published 21 Dec, 2009 12:00am
RBS whittles Sempra suitors down to last 3

RBS whittles Sempra suitors down to last 3

Royal Bank of Scotland has narrowed the bidders for its commodities trading joint venture to three and will announce a winner within weeks, the Sunday Times reported, citing sources close to the negotiations.
Published 21 Dec, 2009 12:00am
Spyker Cars renews bid to buy Saab from GM

Spyker Cars renews bid to buy Saab from GM

Dutch auto maker Spyker Cars says it has submitted a new offer to buy Saab Automobiles from General Motors Co Spyker said in a statement Sunday it has submitted an 11-point proposal to GM, addressing the issues that arose during previous talks to buy the
Published 21 Dec, 2009 12:00am
Qatar becomes major shareholder in Volkswagen

Qatar becomes major shareholder in Volkswagen

Qatar has a 17 percent voting stake in Volkswagen and Porsche said on Friday the state is set to take a seat on its supervisory board, underlining the more active role Gulf states are playing in the German auto industry.
Published 21 Dec, 2009 12:00am
Bank data held by France incomplete: Swiss HSBC chief

Bank data held by France incomplete: Swiss HSBC chief

Data taken from the HSBC Private Bank in Switzerland by an employee and held by French investigators appears to be incomplete or inaccurate, the bank's Swiss chief had told a Sunday newspaper. "After checks, we can say that this list contains inaccuracies
Published 21 Dec, 2009 12:00am
Iraq and Shell ink deal on supergiant Majnoon field

Iraq and Shell ink deal on supergiant Majnoon field

A group led by Royal Dutch Shell, Europe's largest oil company, signed a deal to develop Iraq's Majnoon supergiant oilfield, pledging to spend tens of billions of dollars on the project over the next two decades.
Published 21 Dec, 2009 12:00am
CNOOC, Total, Repsol win Algeria permits

CNOOC, Total, Repsol win Algeria permits

Algeria's Energy Ministry on Sunday awarded three exploration licenses out of 10 permits on offer, the head of its licensing committee Djilali Takherst said. The licenses were awarded at a public session to select the winning companies in a bid round. In
Published 21 Dec, 2009 12:00am
'Dubai Holding will not sell Jumeirah Group'

'Dubai Holding will not sell Jumeirah Group'

Dubai Holding, owned by the ruler of the Gulf emirate, will not sell or list its luxury hotelier Jumeirah Group to pay off debt maturing next year, Jumeirah Group's chairman was quoted as saying on Sunday. Al Bayan newspaper carried the remarks which Gera
Published 21 Dec, 2009 12:00am
Americans may live longer and cost more: study

Americans may live longer and cost more: study

Americans may live significantly longer in the future than current U.S. government projections, and that could mean sharply higher costs than anticipated for Medicare and other programs, researchers reported on Monday.
Published 21 Dec, 2009 12:00am
AIDS prevention gel fails in African trials

AIDS prevention gel fails in African trials

US drug company Endo Pharmaceuticals' gel designed to prevent infection with the AIDS virus was ineffective in trials in Africa, Britain's Medical Research Council (MRC) said. The large international trial of vaginal microbicide Pro 2000 in more than 9,00
Published 21 Dec, 2009 12:00am
More evidence coffee, tea could prevent diabetes

More evidence coffee, tea could prevent diabetes

Coffee, tea, or decaf-no matter what your choice, drinking any of these beverages may reduce your risk of diabetes, according to a new analysis of 18 studies including hundreds of thousands of people.
Published 21 Dec, 2009 12:00am
Drug data mining ban unlikely in Senate health bill

Drug data mining ban unlikely in Senate health bill

A Democratic proposal to ban the collection of doctors' prescription records for marketing purposes is unlikely to be included as part of the Senate's overall health reform bill, a Senate staff member said on December 14.
Published 21 Dec, 2009 12:00am
Alzheimer's protein may be early risk factor

Alzheimer's protein may be early risk factor

Imaging tests may be able to detect the early signs of Alzheimer's disease long before it begins to affect memory, a finding that may lead to earlier, more effective treatments, U.S. researchers said on December 14. They said healthy people who have an ab
Published 21 Dec, 2009 12:00am
Radiation from CT scans may raise cancer risks

Radiation from CT scans may raise cancer risks

Radiation from CT scans done in 2007 will cause 29,000 cancers and kill nearly 15,000 Americans, researchers said on Monday. The findings, published in the Archives of Internal Medicine, add to mounting evidence that Americans are overexposed to radiation
Published 21 Dec, 2009 12:00am
Surprised? Black market steroids usually mislabelled

Surprised? Black market steroids usually mislabelled

The risks of anabolic steroids - used by some athletes to build muscle mass - are by now well-documented. But it turns out, perhaps not surprisingly, that steroids bought illegally through "underground labs" and over the internet generally aren't what the
Published 21 Dec, 2009 12:00am
Diet rich in soy may lower risk of ovarian cancer

Diet rich in soy may lower risk of ovarian cancer

Women who eat more soy-based foods than average may have less risk for certain cancers in the ovaries and the lining of the uterus, according to the combined findings of a few studies. The uterine lining cancers - also known as endometrial cancer - and th
Published 21 Dec, 2009 12:00am
Carbon price of $10/tonne could help save forests

Carbon price of $10/tonne could help save forests

A price of $10 per tonne of planet-warming carbon dioxide could be incentive enough to halt greenhouse gas emissions from many land uses in Brazil and Indonesia, a leading conservation group said on December 14. Logging for timber or cutting down CO2-abso
Published 21 Dec, 2009 12:00am
UK must take smart meter step to climate goal

UK must take smart meter step to climate goal

Smart meters, which encourage consumers to cut energy consumption, are crucial for Britain to limit costs for achieving its ambitious 2050 greenhouse gas reduction target, an executive from National Grid said.
Published 21 Dec, 2009 12:00am
'Europe shares rally to falter later in 2010'

'Europe shares rally to falter later in 2010'

European shares' blistering rally of 60 percent from March lows is poised to spill over into the early months of 2010, but technical analysts say the market will become vulnerable to deep corrections thereafter.
Published 21 Dec, 2009 12:00am
Indian bond yields at new 13-month high

Indian bond yields at new 13-month high

Indian federal bond yields hit fresh 13-month highs on Friday as jitters on imminent tightening of central bank's easy monetary policy stance grew ahead of policymakers' meet later in the day. The yield on the 10-year benchmark bond ended at 7.72 percent
Published 21 Dec, 2009 12:00am
Indian bond yields at new 13-month high

Indian bond yields at new 13-month high

Indian federal bond yields hit fresh 13-month highs on Friday as jitters on imminent tightening of central bank's easy monetary policy stance grew ahead of policymakers' meet later in the day. The yield on the 10-year benchmark bond ended at 7.72 percent
Published 21 Dec, 2009 12:00am
Singapore shares may move within narrow range

Singapore shares may move within narrow range

Singapore shares are expected to move within a narrow range as trading slows down due to the approaching Christmas holidays, dealers said. "I think the STI will continue to trade around the 2,800 benchmark up until Christmas," said an analyst at a local i
Published 21 Dec, 2009 12:00am
Taiwan shares may turn cautious amid China talks

Taiwan shares may turn cautious amid China talks

Cautious sentimentt is expected to dominate the Taiwan stock market as high-level talks with China go ahead amid vows by the anti-Beijing opposition to stage massive protests, dealers said. Turnover is likely to keep falling as many foreign investors retr
Published 21 Dec, 2009 12:00am
Thai shares expected to remain sluggish

Thai shares expected to remain sluggish

The Thai stock market is likely to continue its sluggish trading pattern next week because of the absence of foreign investors at the market, an analyst said. The Stock Exchange of Thailand (SET) composite index gained 12.04 points or 1.71 percent over th
Published 21 Dec, 2009 12:00am
Tokyo shares may suffer a bout of year-end blues

Tokyo shares may suffer a bout of year-end blues

Japan's stock market may suffer a bout of the year-end blues with many foreign investors expected to take a break for the holiday period, analysts said on Friday. A series of economic indicators to be released in the United States and Japan is expected to
Published 21 Dec, 2009 12:00am
Asian currencies lower against the dollar

Asian currencies lower against the dollar

Asian currencies fell against the dollar during the week after the US Federal Reserve kept the cost of borrowing unchanged and as trade winded down ahead of the Christmas holidays.
Published 21 Dec, 2009 12:00am
Philippines shares may stay flat

Philippines shares may stay flat

Philippines share prices will likely remain flat in the coming week because of the limited trading days around Christmas, dealers said Friday. The composite index fell by 0.47 percent, or 14.14 points, over the week to close at 3,016.99 points. Average da
Published 21 Dec, 2009 12:00am
Hong Kong shares expected to rally

Hong Kong shares expected to rally

Hong Kong shares may rally after the market priced in concerns over the direction of Chinese monetary policy, a dealer said Friday. For the week ended December 18, the benchmark Hang Seng Index was down 6.4 percent to 21,175.88. "We've been knocked about
Published 21 Dec, 2009 12:00am
London equities may wind down ahead of Christmas

London equities may wind down ahead of Christmas

The London stock market is expected to experience muted trade as investors wind down ahead of the Christmas and New Year festivities. London's benchmark FTSE 100 index ended the week Friday at 5,196.81 points, a drop of 1.23 percent compared with a week e
Published 21 Dec, 2009 12:00am
Australian shares may trade fairly flat

Australian shares may trade fairly flat

Australian shares were likely to trade fairly flat on thin volumes in the coming week as investors wound down ahead of Christmas, dealers said. The benchmark S&P/ASX 200 lifted 15.3 points or 0.33 percent across the week to close at 4,650.5.
Published 21 Dec, 2009 12:00am
Seoul shares may see modest gains

Seoul shares may see modest gains

South Korea's stock market is likely to see modest gains next week, an analyst said on Friday. "The market is likely to rise slightly next week, led by technology shares, although the upward momentum will be weak," Tongyang Securities analyst Lee Jae-Man
Published 21 Dec, 2009 12:00am
Indian shares likely to remain volatile

Indian shares likely to remain volatile

India's stock market could be choppy on growing concerns that the central bank may tighten monetary policy in coming weeks amid resurgent inflationary pressures, dealers said. Global markets and foreign fund flows to emerging markets, like India, could al
Published 21 Dec, 2009 12:00am
Wall Street hesitates in face of new economic realities

Wall Street hesitates in face of new economic realities

Amid signs of a strengthening economy, stock investors have become more cautious in the face of a new landscape in which cheap credit may not be as abundant. Wall Street's main indexes were mixed the past week, as many investors appeared content to ride o
Published 21 Dec, 2009 12:00am
White House says US Congress will pass health bill

White House says US Congress will pass health bill

The White House on Sunday urged support for a compromise that would allow healthcare reform legislation to pass the US Senate and pushed back against other Democrats who said the compromise gives away too much.
Published 21 Dec, 2009 12:00am
Granny, 100, to take parachute plunge

Granny, 100, to take parachute plunge

A 100-year-old Brazilian grandmother will experience gravity in a whole new way this Christmas when she takes the plunge out of an airplane to become the world's oldest parachuter, local news site G1 reported Saturday. Aida Mendes asked her grandson as a
Published 21 Dec, 2009 12:00am
Team finds Australian hospital ship sunk in World War II

Team finds Australian hospital ship sunk in World War II

An Australian hospital ship torpedoed by the Japanese during World War Two with the loss of 268 lives has been located in waters off the coast of the northern state of Queensland, the government said on Sunday.
Published 21 Dec, 2009 12:00am
Asian leaders voice hope in climate deal

Asian leaders voice hope in climate deal

Asian nations on Sunday welcomed the provisional climate change deal struck by the major powers at the UN summit in Copenhagen, saying it paved the way for consensus over carbon emissions cuts.
Published 21 Dec, 2009 12:00am
Beer-drinking model urges Malaysia to expedite caning

Beer-drinking model urges Malaysia to expedite caning

A Muslim model who was ordered to be caned for drinking beer urged the Malaysian authorities on Sunday to decide what should happen to her four months after her case was halted. Kartika Sari Dewi Shukarno, 32, was sentenced to six strokes by a religious c
Published 21 Dec, 2009 12:00am
Malaysian fighter jet engine stolen from airbase

Malaysian fighter jet engine stolen from airbase

Malaysia will take action against air force personnel involved in the theft of a 14.5-million-dollar fighter jet engine sold to a South American company, according to reports Sunday.
Published 21 Dec, 2009 12:00am
Israel to step up crackdown on settlement growth

Israel to step up crackdown on settlement growth

Israel plans to deploy hundreds of troops to destroy illegal structures and prevent settler violence in order to enforce West Bank settlement restrictions, a security official said on Sunday.
Published 21 Dec, 2009 12:00am
Hariri sees new page in Lebanon ties with Syria

Hariri sees new page in Lebanon ties with Syria

Lebanese Prime Minister Saad al-Hariri said on Sunday he agreed with Syrian President Bashar al-Assad on practical steps to open up "new horizons" in ties between the two Arab neighbours. Hariri was speaking at the end of a two-day visit to Syria that mar
Published 21 Dec, 2009 12:00am
Insurgents fire mortars on Somali police, 13 dead

Insurgents fire mortars on Somali police, 13 dead

Islamic militants fired mortars into Mogadishu's police compound as the force was celebrating its 66th anniversary Sunday, sparking a battle that killed at least 12 civilians and a police officer, officials said.
Published 21 Dec, 2009 12:00am
I'm no bogeyman, says Iran's Ahmadinejad

I'm no bogeyman, says Iran's Ahmadinejad

He may be the West's favourite bogeyman but Iran's President Mahmoud Ahmadinejad insists he's really just another guy. "I am an ordinary person, a father, a husband, a brother, an uncle, a friend," he tells AFP in an interview. "I live just like everyone
Published 21 Dec, 2009 12:00am
World leaders hammered over climate accord

World leaders hammered over climate accord

World leaders on Sunday insisted that the climate deal clinched in desperation at the UN summit was the best that can be done as they returned home to a lashing from critics. Newspapers widely called the summit accord a failure and experts such as the hea
Published 21 Dec, 2009 12:00am
Iraqi deputy minister gets eight years for corruption

Iraqi deputy minister gets eight years for corruption

An Iraqi court has jailed a former deputy minister of transport for eight years after anti-corruption forces caught him taking a bribe, Iraq's Integrity Commission said on Sunday. Adnan al-Ubaidi, a Sunni Arab politician, was caught on camera in a sting i
Published 21 Dec, 2009 12:00am
Maoists clash with police in Nepal general strike

Maoists clash with police in Nepal general strike

Nepali police lobbed tear gas and used canes to break up Maoist demonstrations in Kathmandu on Sunday during a general strike called by the former rebels in their biggest protest since quitting government. Police said they detained at least 70 protesters
Published 21 Dec, 2009 12:00am
Youth Affairs' minister to represent South Asia in UK seminar

Youth Affairs' minister to represent South Asia in UK seminar

Federal Minister for Youth Affairs Shahid Hussain Bhutto will lead the delegation of 33 youth in volunteers organisation "One Young World" 4-day seminar on Youth in United Kingdom to be held in February. Nearly 159 countries will attend the seminar to dis
Published 21 Dec, 2009 12:00am
Menace of corruption

Menace of corruption

Pakistan has been upgraded in the latest report of corrupt countries released by Transparency International Corruption Perception Index (CPI) on 17th November, 2009. No one will be surprised to this abnormal rise in corruption in our country. At the momen
Published 21 Dec, 2009 12:00am
Always carry CNIC

Always carry CNIC

Recently there have been devastating bomb blasts in Rawalpindi/Islamabad, Lahore Peshawar, Quetta and other parts of Pakistan. In order to curb these attacks, we suggest that every person wear their computerised national identity cards (CNIC) around their
Published 21 Dec, 2009 12:00am
Rover's Diary: Charity begins at home

Rover's Diary: Charity begins at home

Pakistani political soap opera continues and so far no surprises for the audience. In the latest episode the Supreme Court declared that the National Reconciliation Ordinance was "ultra vires and violative of various constitutional provisions." Much befor
Published 21 Dec, 2009 12:00am
The BoP scam

The BoP scam

Recently, the arrest of the owners of the accused involved in the fraud case of the Bank of Punjab have raised many questions in the mind of investors, depositors, general public and the regulators alike. In this case, the father and the son are the main
Published 21 Dec, 2009 12:00am