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Print - 2010-01-17
Message from executive committee member, Pakistan

Message from executive committee member, Pakistan

SAARC an apex trade body of the region was lucky to have Mr Tariq Sayeed as its President for the year 2008-2009. Mr Tariq Sayeed is a person well known both domestically and internationally in the business circles. He has represented Pakistan and knows S
Published 17 Jan, 2010 12:00am
Message from vice president, SAARC CCI

Message from vice president, SAARC CCI

SAARC region is one of the largest region in the world with tremendous geographic location and resources and a lot of potential for economic prosperity. With the help of the regional economy and blocks which helps in trading plays a important role in the
Published 17 Jan, 2010 12:00am
Grain market

Grain market

The Karachi Grain and Seeds Merchant Group did not issue the rates on Saturday due to some unavoidable circumstances.
Published 17 Jan, 2010 12:00am
Mild weather raises damage risk for Canadian crops

Mild weather raises damage risk for Canadian crops

Unusually mild temperatures in Western Canada are threatening to damage stored crops, potentially downgrading quality and reducing supply for exports, a canola industry official said on Friday. Canola crushers have noticed in the past week shipments of ca
Published 17 Jan, 2010 12:00am
Stable trend obtains despite slow trading on cotton market

Stable trend obtains despite slow trading on cotton market

Prices maintained firmness on the cotton market on Saturday as mills gave up the hopes of more fall in the rates and finalised the deals at the present levels, dealers said. The Karachi Cotton Association (KCA) official spot rate was unmoved at Rs 4,575,
Published 17 Jan, 2010 12:00am
Plastic mouldings higher on Jodia Bazar

Plastic mouldings higher on Jodia Bazar

The trading in plastic moulding compounds closed higher on Jodia Bazar here on Saturday. The following changes were noted.
Published 17 Jan, 2010 12:00am
Large stocks push US wheat futures down

Large stocks push US wheat futures down

US wheat futures fell 3.4 percent on Friday, hitting their lowest level in more than two months, as prospects for ballooning stockpiles and bearish outside markets weighed on prices, traders said. Corn futures were down 2.5 percent, falling for the fifth
Published 17 Jan, 2010 12:00am
European vegetable oils ease

European vegetable oils ease

Good crop weather in South America, a stronger dollar and weak mineral oil pushed European vegetable oils lower on Friday, market sources said. "Sentiment is mostly bearish and the strong dollar also helped weighing on price levels, even with slightly bet
Published 17 Jan, 2010 12:00am
Activity at Karachi and Qasim Ports

Activity at Karachi and Qasim Ports

The Karachi Port handled 81,113 tonnes of liquid import cargo including 49,783 tonnes of import 31,330 tonnes of export cargo and 2,733 loaded and empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 49,783 tonn
Published 17 Jan, 2010 12:00am
Ukraine 2009 grain crop falls

Ukraine 2009 grain crop falls

Ukraine's grain harvest fell 13.7 percent to 46 million tonnes in 2009 from a record 53.3 million in 2008, the State Statistics Committee said on Friday. The committe said in a statement the wheat crop fell to 20.9 million tonnes from 25.9 million and the
Published 17 Jan, 2010 12:00am
US Midwest corn and soyabean bids higher

US Midwest corn and soyabean bids higher

Corn and soyabean spot basis bids were mostly steady to higher at US Midwest processors and elevators on Friday amid slow farmer selling of both crops, dealers said. Farmers retreated to the sidelines after the release on Tuesday of a US Agriculture Depar
Published 17 Jan, 2010 12:00am
Bank of Khyber profit rates

Bank of Khyber profit rates

The Bank of Khyber has announced the profit rates on PLS deposits for the period of six months ended 31st December 2009:

Published 17 Jan, 2010 12:00am
Bank of Khyber profit rates

Bank of Khyber profit rates

The Bank of Khyber has announced the profit rates on PLS deposits for the period of six months ended 31st December 2009:

Published 17 Jan, 2010 12:00am
US copper ends down

US copper ends down

US copper futures drifted to a softer close on Friday, extending a phase of consolidation from Tuesday's sharp sell off and falling under the weight of a firmer dollar and rising stockpiles in global warehouses. New York commodity markets will be closed o
Published 17 Jan, 2010 12:00am
US gold slides

US gold slides

New York gold futures fell 1 percent on Friday, finishing the week on a weak note as a dollar rise dampened investor sentiment, but palladium rose sharply on strong investment demand related to the US exchange traded funds. Gold for February delivery sett
Published 17 Jan, 2010 12:00am
Platinum takes centre-stage after US ETF launch

Platinum takes centre-stage after US ETF launch

Platinum group metals are positioned for a stellar year, with new investment vehicles in the United States seen as a precursor to a wave of investment buying in anticipation of a recovery in industrial demand. The launch of platinum and palladium-backed e
Published 17 Jan, 2010 12:00am
US rice ends lower

US rice ends lower

US rice futures on the Chicago Board of Trade declined on Friday as a firmer dollar pressured grains and most other commodities, traders said. Dollar rose broadly on US manufacturing and consumer price data, while Greece debt woes hurt euro. CBOT March ri
Published 17 Jan, 2010 12:00am
US soyabeans drop

US soyabeans drop

US soyabean futures on the Chicago Board of Trade fell 1 percent on Friday on prospects for large South American crops and spillover weakness from other markets including corn and crude oil, traders said. A firm dollar triggered a broad sell-off in commod
Published 17 Jan, 2010 12:00am
China's December cotton imports up

China's December cotton imports up

Cotton imports in China, the world's largest consumer, picked up in December and surged 92 percent to 217,000 tonnes from November, the China Cotton Association reported, citing official Customs figures. The December figure, a rise of 28.7 percent from th
Published 17 Jan, 2010 12:00am
Thailand buys US wheat

Thailand buys US wheat

Thailand bought 50,000 tonnes of US soft and spring wheat this week, while Malaysia was active in the corn market, taking Brazilian and Indian cargoes. Thailand purchased US soft white wheat at around $250 a tonne, including cost and freight, hard red win
Published 17 Jan, 2010 12:00am
New York sugar futures down

New York sugar futures down

Raw sugar futures closed easier Friday on light investor sales prompted by a firm dollar before a holiday break, but most players feel another rally is likely given the sweetener's bullish outlook. The market will be closed Monday in observance of Martin
Published 17 Jan, 2010 12:00am
World's farmers to grow less wheat in 2010: CWB

World's farmers to grow less wheat in 2010: CWB

Farmers will produce the world's smallest wheat crop in three years in 2010 as big global supplies weigh down prices and steer more acres to other crops, the Canadian Wheat Board said on Friday. In its first market outlook of 2010, the Wheat Board, one of
Published 17 Jan, 2010 12:00am
Commodities shaken as China reins in economy

Commodities shaken as China reins in economy

Commodity markets were rattled last week as China tightened money supply in a bid to tame economic growth and prevent a looming asset bubble, analysts said. China, one of the biggest consumers of raw materials, moved Tuesday to rein in a surge of aggressi
Published 17 Jan, 2010 12:00am
Nokia to defend against Apple filing to ITC

Nokia to defend against Apple filing to ITC

The world's top cellphone maker Nokia said on Saturday it would defend itself vigorously against Apple's complaint to United States International Trade Commission, filed on Friday. "Nokia will study the complaint when it is received and continue to defend
Published 17 Jan, 2010 12:00am
Taiwan to allow Chinese investment in bourse

Taiwan to allow Chinese investment in bourse

Taiwan will allow China's institutional investors to invest up to $500 million in the island's stock market, the government said Saturday, in its latest step to relax control on trade and investment with its rival. Taiwan had for decades barred Chinese ca
Published 17 Jan, 2010 12:00am
AIG probe widens to include Paulson, Friedman

AIG probe widens to include Paulson, Friedman

A House of Representatives committee is broadening its investigation of secretive bank bailouts to include former Treasury Secretary Henry Paulson and former Federal Reserve Bank of New York Chairman Stephen Friedman. The Committee on Oversight and Govern
Published 17 Jan, 2010 12:00am
Saudi private sector to pick up strongly in 2010

Saudi private sector to pick up strongly in 2010

Saudi Arabia's private sector growth is expected to recover to 3.7 percent in 2010, but will continue lingering below 4.7 percent of 2008, prior to the global financial crisis, Credit Agricole's Saudi affiliate said. The growth in the private sector - whi
Published 17 Jan, 2010 12:00am
UK rules out US-style bank tax: Darling

UK rules out US-style bank tax: Darling

Britain will not copy President Barack Obama's tax on banks that were bailed out by the taxpayer, Treasury chief Alistair Darling said in an interview published Saturday. Obama is proposing a tax of 0.15 percent on the liabilities of large financial insti
Published 17 Jan, 2010 12:00am
Hong Kong approves $8.6 billion high-speed rail link to China

Hong Kong approves $8.6 billion high-speed rail link to China

A controversial $8.6 billion plan to link Hong Kong to China's national high-speed rail network won approval from local lawmakers Saturday, leading to scuffles between police and protester opposed to the project. The measure to build the railroad plus acc
Published 17 Jan, 2010 12:00am
Germany planning law to limit bank bonuses

Germany planning law to limit bank bonuses

German Finance Minister Wolfgang Schaeuble wants to pass a law to limit excessive bonus payments for bankers, a newspaper reported on Saturday. The Frankfurter Allgemeine Zeitung said the draft law it had seen would give financial watchdog Bafin the power
Published 17 Jan, 2010 12:00am
Chavez raises Venezuelan minimum wage 25 percent

Chavez raises Venezuelan minimum wage 25 percent

President Hugo Chavez announced a 25-percent increase in Venezuela's minimum wage Friday to try to blunt the effects of soaring inflation, and defended his handling of an energy crisis and other domestic problems. Chavez challenged opponents' predictions
Published 17 Jan, 2010 12:00am
Moody's sees difficult 2010 for Italy banks

Moody's sees difficult 2010 for Italy banks

Italy's banking system is set to have another difficult year in 2010 and there could be some individual downgrades of lenders, Moody's Italy bank specialist Henry MacNevin said in a newspaper interview on Saturday. He added that overall, Italian banks are
Published 17 Jan, 2010 12:00am
NASA cuts space shuttle price

NASA cuts space shuttle price

Here's a recession bargain: the space shuttle. NASA has slashed the price of these 1970s era spaceships from $42 million to $28.8 million apiece. The shuttles are for sale once they quit flying, supposedly this fall. When the National Aeronautics and Spac
Published 17 Jan, 2010 12:00am
Yahoo pulled into Google fracas, Alibaba slams comments

Yahoo pulled into Google fracas, Alibaba slams comments

Yahoo got pulled into a growing row between China and Google on Saturday, as its Chinese partner slammed Yahoo's statements supporting Google while a source revealed the search giant had stayed silent about cyber-attacks. Yahoo knew it had been a target o
Published 17 Jan, 2010 12:00am
Emerging Markets: LatAm stocks dip for fourth day

Emerging Markets: LatAm stocks dip for fourth day

Latin American stocks slid for the fourth straight session on Friday while most currencies weakened in the region after J.P. Morgan reported deep losses on mortgage and credit card loans, frustrating investors who expected signs of improving US credit con
Published 17 Jan, 2010 12:00am
Brazil stocks, yields down

Brazil stocks, yields down

Brazilian stocks closed lower on Friday on investor caution prompted by falls in overseas markets, after disappointing results from J.P. Morgan Chase & Co pressured US banking stocks on worries about sector results. The benchmark Bovespa index lost 1.18 p
Published 17 Jan, 2010 12:00am
Chilean stocks slip

Chilean stocks slip

Chile's blue chip IPSA index receded from new life highs on Friday, tracking US bourse losses, while the peso hit 19-month highs as banks sold US dollars to close positions, traders said. The IPSA index fell 0.69 percent to close at 3,756.18 points, compa
Published 17 Jan, 2010 12:00am
US corporate bond prices fall

US corporate bond prices fall

US corporate bond prices fell on Friday, tracking declines in stocks after J.P. Morgan Chase & Co reported deep fourth-quarter loan losses. Spreads on bank bonds widened the most over comparable Treasuries of any sector, with some credits widening as much
Published 17 Jan, 2010 12:00am
US corporate bond prices fall

US corporate bond prices fall

US corporate bond prices fell on Friday, tracking declines in stocks after J.P. Morgan Chase & Co reported deep fourth-quarter loan losses. Spreads on bank bonds widened the most over comparable Treasuries of any sector, with some credits widening as much
Published 17 Jan, 2010 12:00am
First IPOs of 2010 may not set tone for year

First IPOs of 2010 may not set tone for year

US life insurer Symetra is the biggest of five expected market debuts next week, a grab bag of initial public offerings kicking off what many hope will be a robust IPO year. But several of next week's deals are quite small. "There are no blockbusters next
Published 17 Jan, 2010 12:00am
Canadian bond prices climb

Canadian bond prices climb

Canadian bond prices were higher and moved in sync with US Treasury issues on Friday, which climbed on a tame US inflation report, short-covering after a well-bid 30-year auction on Thursday, and concerns about sovereign risk in Europe. "We followed the U
Published 17 Jan, 2010 12:00am
Canadian bond prices climb

Canadian bond prices climb

Canadian bond prices were higher and moved in sync with US Treasury issues on Friday, which climbed on a tame US inflation report, short-covering after a well-bid 30-year auction on Thursday, and concerns about sovereign risk in Europe. "We followed the U
Published 17 Jan, 2010 12:00am
Treasuries higher

Treasuries higher

US Treasury prices rose on Friday after data showed only a slight increase in consumer prices, fanning hopes a low-inflation climate will afford the Federal Reserve time to keep interest rates near zero percent. A safety bid stemming from a sell-off on Wa
Published 17 Jan, 2010 12:00am
Treasuries higher

Treasuries higher

US Treasury prices rose on Friday after data showed only a slight increase in consumer prices, fanning hopes a low-inflation climate will afford the Federal Reserve time to keep interest rates near zero percent. A safety bid stemming from a sell-off on Wa
Published 17 Jan, 2010 12:00am
South African bonds to tick higher

South African bonds to tick higher

There are still bargains to be found in South African government bonds, which have cheapened on the back of large amounts of new paper but late-comers, especially in the second half of 2010, might be disappointed. Bond yields, which move inversely to pric
Published 17 Jan, 2010 12:00am
South African bonds to tick higher

South African bonds to tick higher

There are still bargains to be found in South African government bonds, which have cheapened on the back of large amounts of new paper but late-comers, especially in the second half of 2010, might be disappointed. Bond yields, which move inversely to pric
Published 17 Jan, 2010 12:00am
Mexican stocks slide

Mexican stocks slide

Mexico's peso slipped on Friday and stocks fell after J.P. Morgan's loan losses hurt confidence that there will be a rebound in consumer credit in the United States, Mexico's top trading partner. The peso slipped 0.32 percent to 12.708 per US dollar while
Published 17 Jan, 2010 12:00am
Banks, resources pull Toronto stocks lower

Banks, resources pull Toronto stocks lower

Toronto's main stock index took a broad hit on Friday, falling more than 1 percent as weakness in energy, materials and banking groups combined to wipe out the last vestiges of the gains the index made as the new year dawned. Commodity prices fell and ban
Published 17 Jan, 2010 12:00am
Korean bonds prices fall

Korean bonds prices fall

South Korean treasury bonds lost ground on Friday as a strong stock market and bond sale plans prompted debt investors to take profit on recent gains. A softer tone on rate policy from the Bank of Korea had a limited impact on the market as many investors
Published 17 Jan, 2010 12:00am
Korean bonds prices fall

Korean bonds prices fall

South Korean treasury bonds lost ground on Friday as a strong stock market and bond sale plans prompted debt investors to take profit on recent gains. A softer tone on rate policy from the Bank of Korea had a limited impact on the market as many investors
Published 17 Jan, 2010 12:00am
US Treasury Outlook: bonds benefit in the first two weeks

US Treasury Outlook: bonds benefit in the first two weeks

US Treasuries investors will watch in a holiday-shortened next week to see if bonds can continue recent price gains, driven by worries the economic recovery is slowing and by continued global demand for US debt. The data calendar next week is relatively t
Published 17 Jan, 2010 12:00am
US Treasury Outlook: bonds benefit in the first two weeks

US Treasury Outlook: bonds benefit in the first two weeks

US Treasuries investors will watch in a holiday-shortened next week to see if bonds can continue recent price gains, driven by worries the economic recovery is slowing and by continued global demand for US debt. The data calendar next week is relatively t
Published 17 Jan, 2010 12:00am
Wall Street tumbles

Wall Street tumbles

US stocks slid on Friday after J.P. Morgan Chase & Co reported deep fourth-quarter loan losses and raised concerns about bank profits. Following a poor retail sales report earlier in the week, a weaker-than-expected Reuters/University of Michigan Surveys
Published 17 Jan, 2010 12:00am
Euribor three-month hits new low

Euribor three-month hits new low

Euribor bank-to-bank lending rates continued their downward march on Friday, after the European Central Bank left rates on hold at a record low 1 percent and signalled no plans to change them any time soon. The three-month rate, traditionally the main gau
Published 17 Jan, 2010 12:00am
Canadian dollar sags

Canadian dollar sags

The Canadian dollar retreated against the US currency on Friday, pressured by lower commodity prices, as the greenback gained broadly on US economic data. Oil, a key Canadian export, slipped to around $78 a barrel on a stronger US dollar, high inventories
Published 17 Jan, 2010 12:00am
South Korean won up

South Korean won up

The South Korean won gained against the dollar on Thursday as rekindled hopes for a global economic recovery after firm Australia job data and eased woes on China's bank reserves requirements boosted appetite for riskier assets.
Published 17 Jan, 2010 12:00am
IMM speculators turn against US dollar in latest week

IMM speculators turn against US dollar in latest week

Speculators turned against the US dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position was around $2.7 billion in the week ending January 12, shifting from a net
Published 17 Jan, 2010 12:00am
Dollar rises

Dollar rises

The US dollar gained against most major currencies on Friday, helped by US reports indicating a rise in manufacturing alongside stable consumer price inflation, while pressure on the euro persisted over concerns about the Greek economy. Market confidence
Published 17 Jan, 2010 12:00am
East African currencies seen mostly weaker

East African currencies seen mostly weaker

The Kenyan shilling was expected to hold steady against the dollar in the week to Wednesday, while the Ugandan and Tanzanian currencies were seen easing, traders said.
Published 17 Jan, 2010 12:00am
Forex outlook: US dollar likely to benefit from Greek woes

Forex outlook: US dollar likely to benefit from Greek woes

The dollar in the coming week is likely to benefit from concerns about the euro arising from Greece's fiscal problems, but the greenback's gains are seen limited by uncertainty about the outlook for the US economy. Greece slid into its first recession in
Published 17 Jan, 2010 12:00am
Bondarenko beats Peer to win Hobart final

Bondarenko beats Peer to win Hobart final

Ukraine's Alona Bondarenko defeated Israel's Shahar Peer 6-2 6-4 in the final of the Hobart International on Saturday to claim her second WTA title. Bondarenko raced to victory in 73 minutes, despite dropping serve twice in the second set, to add the Hoba
Published 17 Jan, 2010 12:00am
Frustrated England on brink of defeat

Frustrated England on brink of defeat

England were on the verge of suffering a heavy defeat in the fourth and final Test against South Africa on Saturday as the row over the umpire referral system rumbled on. The tourists, still angered by the third umpire's decision on Friday not to give Sou
Published 17 Jan, 2010 12:00am
Isner digs deep to win Auckland title

Isner digs deep to win Auckland title

Big serving American John Isner saved one championship point and overcame some loose shotmaking to beat France's Arnaud Clement 6-3 5-7 7-6 and win his first ATP Tour title at the Auckland Open on Saturday. The 24-year-old Isner staved off match point in
Published 17 Jan, 2010 12:00am
Top players to raise funds for Haiti quake victims

Top players to raise funds for Haiti quake victims

Roger Federer and other top players will play exhibition matches at Melbourne Park on Sunday to raise money for victims of the Haiti earthquake, the Swiss world number one said. "We had the idea that we could do something to help the needy after the tragi
Published 17 Jan, 2010 12:00am
Nadal not sure of being at best for Melbourne Park

Nadal not sure of being at best for Melbourne Park

Defending champion Rafa Nadal has declared himself fighting fit for the rigours of a grand slam but the world number two is not certain he will be back to his best at the Australian Open next week. Nadal, whose five-set defeat of Roger Federer in last yea
Published 17 Jan, 2010 12:00am
Lahore Muhammadan win in Senior Cricket

Lahore Muhammadan win in Senior Cricket

Lahore Muhammadan won Group-F match against HSBC Seniors in the 12th National Senior Cricket Cup at Lahore's Race Course Ground, Jail Road by three wickets on Saturday. HSBC made only 152 with Shakil Awan 27, Pervez Akhter 27, Muhammad Asif 25, Ata Ullah
Published 17 Jan, 2010 12:00am
PFF Chief appointed FIFA disciplinary body member

PFF Chief appointed FIFA disciplinary body member

Pakistan Football Federation (PFF) President has been appointed Member of Disciplinary Committee of Fédération Internationale de Football Association (FIFA). The PFF Chief is also the only person to hold the unique and unprecedented honour of having been
Published 17 Jan, 2010 12:00am
Chelsea thrash Sunderland 7-2 to stay top

Chelsea thrash Sunderland 7-2 to stay top

Chelsea stormed to a 7-2 victory over Sunderland to remain a point clear at the top of the Premier League as champion Manchester United beat Burnley 3-0 on Saturday. Frank Lampard and Nicolas Anelka both scored twice for Chelsea. Second-place United took
Published 17 Jan, 2010 12:00am
Bangladesh an 'ordinary' Test side, says Sehwag

Bangladesh an 'ordinary' Test side, says Sehwag

Bangladesh can produce upsets in one-day cricket but they are an ordinary test side that are unlikely to trouble India, said the tourists' vice captain Virender Sehwag. India, the world's top ranked test side, face Bangladesh in a two-test series, the fir
Published 17 Jan, 2010 12:00am
PHF announces 24 players for Hero Honda world cup

PHF announces 24 players for Hero Honda world cup

The training camp of Pakistan hockey team for Hero Honda FIH Hockey world cup will be held from 25th January at National Hockey Stadium Lahore. The Selection committee of Pakistan Hockey Federation (PHF) has announced 24 players for the camp. The world cu
Published 17 Jan, 2010 12:00am
Clijsters back at unfamiliar Melbourne Park

Clijsters back at unfamiliar Melbourne Park

US Open champion Kim Clijsters, who came out of retirement last year after a two-year break, was left feeling disorientated on her return to the Australian Open. The 26-year-old, who gave birth to a daughter during her time away from the game, plays a qua
Published 17 Jan, 2010 12:00am
Australia build lead against Pakistan

Australia build lead against Pakistan

Australia's bid for a record-equalling 12th successive Test cricket victory against Pakistan is at mercy of Hobart's notoriously fickle weather as well as a flat Bellerive pitch after skipper Ricky Ponting surprisingly elected not to enforce the follow-on
Published 17 Jan, 2010 12:00am
Iran Air plane goes off runway in Stockholm

Iran Air plane goes off runway in Stockholm

An Iran Air Airbus with 173 passengers on board went off the runway while preparing for takeoff from Stockholm's Arlanda airport Saturday, the Aviation Herald website said. The Teheran-bound plane was travelling at low speed as it rolled off the runway th
Published 17 Jan, 2010 12:00am
Egypt's Muslim Brotherhood choose new leader

Egypt's Muslim Brotherhood choose new leader

Egypt's Muslim Brotherhood, the country's largest opposition group, chose a conservative member to be their new supreme guide, the group's former leader Mohammed Mahdi Akef said Saturday. Akef told reporters that members chose Mohammed Badie, a veterinary
Published 17 Jan, 2010 12:00am
Three Nato soldiers killed in southern Afghanistan

Three Nato soldiers killed in southern Afghanistan

Britain's Ministry of Defence on Saturday announced the deaths of two of its soldiers killed by a roadside bomb in southern Afghanistan, where one more foreign soldier and 11 Taliban were also killed in separate incidents. The British soldiers, serving in
Published 17 Jan, 2010 12:00am
Health bill at stake, Obama jumps into Senate fray

Health bill at stake, Obama jumps into Senate fray

President Barack Obama will a make last-minute campaign trip Sunday to support a Democrat who needs to win an unexpectedly close special election to fill the late Edward M. Kennedy's Senate seat in order to keep health care reform alive. The late-game Whi
Published 17 Jan, 2010 12:00am
Kenya to deport Muslim cleric 'without delay'

Kenya to deport Muslim cleric 'without delay'

Kenya will deport jailed Jamaican Muslim cleric Sheikh Abdullah al-Faisal "without delay" after a protest against his detention triggered battles with police in the capital Nairobi, a minister said on Saturday. Kenyan security forces used live rounds, tea
Published 17 Jan, 2010 12:00am
Mitchell to visit Syria for peace talks with al-Assad

Mitchell to visit Syria for peace talks with al-Assad

US Middle East envoy George Mitchell is expected in Damascus next week for talks with Syrian President Bashar al-Assad, Western sources said Saturday. Mitchell will discuss developments in the peace process with al-Assad, as well as bilateral relations an
Published 17 Jan, 2010 12:00am
Japan, South Korea rebuff North Korea's peace proposal

Japan, South Korea rebuff North Korea's peace proposal

Japan and South Korea on Saturday brushed aside North Korea's call for early talks on a peace treaty, saying they have no plans to lift sanctions unless it first makes progress in scrapping nuclear weapons. Japanese Foreign Minister Katsuya Okada met his
Published 17 Jan, 2010 12:00am
Spanish lawmaker's photo used for Osama poster

Spanish lawmaker's photo used for Osama poster

A Spanish lawmaker says he was stunned to find that the FBI used his photograph as part of a digitally enhanced image showing what Osama bin Laden might look like today. Gaspar Llamazares says he would no longer feel safe in the US after his hair and othe
Published 17 Jan, 2010 12:00am
Cuba cold snap kills 26 at psychiatric hospital

Cuba cold snap kills 26 at psychiatric hospital

Twenty-six patients at Cuba's top hospital for the mentally ill died this week during a cold snap, the government said Friday. Human rights leaders cited negligence and a lack of resources as factors in the deaths, and the Health Ministry launched an inve
Published 17 Jan, 2010 12:00am
March held in Cabinda in support for Togo

March held in Cabinda in support for Togo

A 1,000 strong crowd answered a national government call to march here on Saturday against terrorism and in support of the Togo national side following the deadly attack on their team bus. "We are here to say no to terrorism and to show our solidarity wit
Published 17 Jan, 2010 12:00am
Iraqi former pilot accused in 2003 UN bombing

Iraqi former pilot accused in 2003 UN bombing

A former Iraqi airline pilot who has been in custody for seven months was accused on Saturday by Iraqi authorities of orchestrating the 2003 bombing of the UN Baghdad headquarters in which 22 people were killed. Then-UN envoy to Iraq Sergio Vieira de Mell
Published 17 Jan, 2010 12:00am
Vandals smash Malaysian church window amid tensions

Vandals smash Malaysian church window amid tensions

A church in southern Malaysia has been vandalised, apparently the latest in a string of attacks on Christian houses of worship in this Muslim-majority nation, police said Saturday. Eleven churches _ as well as one Sikh temple - have been damaged since a c
Published 17 Jan, 2010 12:00am
Johnson & Johnson issues massive recall of Tylenol

Johnson & Johnson issues massive recall of Tylenol

Johnson & Johnson issued a massive recall of over-the-counter drugs including Tylenol, Motrin and St. Joseph's aspirin because of a moldy smell that has made people sick. It included caplet and geltab products sold in the Americas, the United Arab Emirate
Published 17 Jan, 2010 12:00am
Russia suspends Su-27 flights pending investigation

Russia suspends Su-27 flights pending investigation

Russia has suspended flights of one of its main fighter jets, the Sukhoi Su-27, until an investigation is completed into the causes of a crash earlier this week in the Far East, local news agencies reported. Rescue teams have discovered the pilot's body a
Published 17 Jan, 2010 12:00am
Medvedev demands parallel ratification of new START treaty

Medvedev demands parallel ratification of new START treaty

Russian President Dmitry Medvedev on Saturday said the replacement for the START nuclear arms reduction treaty, currently in the final stages of negotiation, would need to be simultaneously ratified in the US, Ria Novosti reported."I think our American pa
Published 17 Jan, 2010 12:00am
'Precious,' 'Avatar' win Critics' Choice awards

'Precious,' 'Avatar' win Critics' Choice awards

"Precious," "Avatar" and "Inglourious Basterds" won early prizes on Friday at the Critics' Choice Awards, a ceremony that has an uncanny knack of foretelling Oscar success. Quentin Tarantino's Nazi revenge fantasy "Inglourious Basterds" picked up the firs
Published 17 Jan, 2010 12:00am
Obama, Bush and Clinton launch aid appeal

Obama, Bush and Clinton launch aid appeal

US President Barack Obama, flanked by his predecessors George W. Bush and Bill Clinton, on Saturday said the two former presidents would lead a national drive to raise money for Haiti's earthquake survivors. "By coming together in this way, these two lead
Published 17 Jan, 2010 12:00am
Haiti says 200,000 may be dead, tensions rise

Haiti says 200,000 may be dead, tensions rise

Tensions rose among desperate Haitians awaiting international aid and food that began to trickle in three days after an earthquake that Haitian authorities say killed 200,000 people. Haiti's shell-shocked government gave the United States control over its
Published 17 Jan, 2010 12:00am
Iraq to hold first full census since 1987 in October

Iraq to hold first full census since 1987 in October

Plans are on track to take Iraq's first complete census in 23 years, a process that will help answer questions critical to the future of Iraq's northern oilfields, such as "how many Kurds live in Kirkuk?" The long-delayed count, which may shut down the co
Published 17 Jan, 2010 12:00am
Japan's Ozawa vows to stay after aides arrested

Japan's Ozawa vows to stay after aides arrested

The Japanese ruling party's number two, Ichiro Ozawa, said on Saturday he would not resign, media reported, after the arrest of three aides over a funding scandal that may hit government support ahead of a key mid-year election. Ozawa, widely seen as the
Published 17 Jan, 2010 12:00am
EU countries disagree over emission cuts target

EU countries disagree over emission cuts target

European Union countries struggled Saturday to reach consensus on reducing greenhouse gas emissions before a January 31 deadline established at the Copenhagen climate change conference, sources close to the negotiations said. The meeting of EU environment
Published 17 Jan, 2010 12:00am
Afghan lawmakers reject majority of Cabinet picks

Afghan lawmakers reject majority of Cabinet picks

The Afghan parliament rejected the majority of President Hamid Karzai's second slate of Cabinet choices Saturday, dealing a new setback to the US-backed leader's effort to assemble a team that can focus on badly needed reforms. The US and other countries
Published 17 Jan, 2010 12:00am
Pro-Russia politician set to sweep Ukraine polls

Pro-Russia politician set to sweep Ukraine polls

Pro-Russia politician Viktor Yanukovich was on course Saturday to sweep the first round of Ukraine's presidential polls, five years after vote-rigging by his supporters sparked the Orange Revolution. Polls showed Yanukovich with a clear lead going into th
Published 17 Jan, 2010 12:00am
New Zealand stores rationing baby milk powder due to Chinese demand

New Zealand stores rationing baby milk powder due to Chinese demand

Some New Zealand supermarkets are rationing baby milk powder because Chinese immigrants are buying large quantities to sell online to China, following the 2008 tainted milk scandal that killed six infants and sickened up to 300,000. Customers at the Foodt
Published 17 Jan, 2010 12:00am
Three killed, 14 injured as trains collide in India

Three killed, 14 injured as trains collide in India

At least three passengers were killed and 14 were injured when two trains collided in India's northern state of Uttar Pradesh on Saturday, in an accident blamed on heavy fog. The Kaliindi Express hit the stationary Shram Shrakti Express near the Tundla ra
Published 17 Jan, 2010 12:00am
7th NFC award: Pakistan Post issues new commemorative stamps

7th NFC award: Pakistan Post issues new commemorative stamps

Pakistan post has issued a commemorative postage stamp on 7th NFC Award, as a tribute to the spirit of national unity that led to reach on consensus agreement on the NFC Award after 19 years. Special Commemorative Stamp was designed by Adil Salahuddin.
Published 17 Jan, 2010 12:00am
'Forthcoming visit of President Sarkozy to boost economic ties'

'Forthcoming visit of President Sarkozy to boost economic ties'

Minister of State for Finance and Economic Affairs, Hina Rabbani Khar on Saturday expressed the hope that the forthcoming visit of President Sarkozy to Pakistan and the signing of the Joint Declaration would boost relations between the two countries. She
Published 17 Jan, 2010 12:00am
Free medical camp held for IDPs at Jalozai

Free medical camp held for IDPs at Jalozai

Directorate of Health Services and Population Welfare FATA held free medical camp for the Internally Displaced Persons(IDPs) of Bajaur and Khyber agencies at Jalozai Camp Nowshera. More than 5480 patients were provided free medical facilities in the medic
Published 17 Jan, 2010 12:00am
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