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Print - 2010-02-21
Saudi Arabia's Tayyar IPO cancelled due to weak demand

Saudi Arabia's Tayyar IPO cancelled due to weak demand

Saudi Arabia-based Al-Tayyar Travel Group has cancelled an initial public offering on February 22-28 after a book-building process failed to attract enough demand, the bourse regulator said on Saturday. Tayyar, which organises holiday packages and owns a
Published 21 Feb, 2010 12:00am
Saudi Arabia's Tayyar IPO cancelled due to weak demand

Saudi Arabia's Tayyar IPO cancelled due to weak demand

Saudi Arabia-based Al-Tayyar Travel Group has cancelled an initial public offering on February 22-28 after a book-building process failed to attract enough demand, the bourse regulator said on Saturday. Tayyar, which organises holiday packages and owns a
Published 21 Feb, 2010 12:00am
Spain wants end to company voting limits

Spain wants end to company voting limits

The Spanish government has proposed eliminating limits on company voting rights that could affect the future of some of the country's biggest companies, according to a newspaper report on Saturday. Daily El Pais said the change, if approved, could affect
Published 21 Feb, 2010 12:00am
New completion dates for Dubai metro after delays

New completion dates for Dubai metro after delays

Construction of Dubai metro's first rail line is scheduled for completion in April, and the second in August 2011, the transport authority said on Saturday. Building works restarted this month after a settlement was reached with the Japanese-led consortiu
Published 21 Feb, 2010 12:00am
Chile may grow 'a bit' over five percent in 2010

Chile may grow 'a bit' over five percent in 2010

Chile's economy could grow slightly more than 5 percent in 2010 as industries show signs of recovery after the global crisis, Chile's next Finance Minister Felipe Larrain said on Friday. Larrain, who had previously forecast growth of around 5 percent this
Published 21 Feb, 2010 12:00am
IMF provides $3.32 billion loan to Romania

IMF provides $3.32 billion loan to Romania

The International Monetary Fund said Friday it would provide 3.3 billion dollars to Romania, part of a massive loan aimed at helping the EU member recover from a severe recession. The IMF, the World Bank and the European Union last May forged a rescue pac
Published 21 Feb, 2010 12:00am
World Bank admits 'not satisfied' with own south Sudan spending

World Bank admits 'not satisfied' with own south Sudan spending

The World Bank said on Saturday it was "not satisfied" with its own management of a key fund to rebuild the war-shattered region of south Sudan, where less than half the money granted has been spent five years after the conflict ended. The World Bank-admi
Published 21 Feb, 2010 12:00am
Four more US banks close, total hits 20 for 2010

Four more US banks close, total hits 20 for 2010

Regulators seized four more US banks on Friday, bringing the total for the year to 20. The Federal Deposit Insurance Corp, in charge of safeguarding bank deposits and resolving failed banks, has predicted that 2010 will be peak year for failures resulting
Published 21 Feb, 2010 12:00am
Obama wants healthcare summit to find common ground

Obama wants healthcare summit to find common ground

President Barack Obama urged Democrats and Republicans on Saturday to find common ground at a White House summit next week he hopes will rejuvenate efforts to overhaul the US healthcare system. Obama also used his weekly radio and Internet address to take
Published 21 Feb, 2010 12:00am
US government was told of Toyota claims in 2004

US government was told of Toyota claims in 2004

The largest US auto insurer alerted regulators earlier than first believed about a worrying trend of accidents involving Toyota Motor Corp vehicles, while the Obama administration's top transportation official said on Friday he would not relax pressure on
Published 21 Feb, 2010 12:00am
Ousted Russian investor wants to help finance Saab

Ousted Russian investor wants to help finance Saab

Russian billionaire Vladimir Antonov, forced out of Dutch carmaker Spyker before it bought Saab from General Motors, said in comments published Saturday that he wants to help finance the new company. "There is unfortunately widespread economic crime in Ru
Published 21 Feb, 2010 12:00am
Up to 25 billion euros in aid mulled for Greece

Up to 25 billion euros in aid mulled for Greece

Germany's finance ministry has sketched out a plan in which countries using the euro currency will provide aid worth between 20 billion and 25 billion euros ($27-$33.7 billion) for Greece, a magazine reported on Saturday. Citing "initial considerations" b
Published 21 Feb, 2010 12:00am
Sanctions not effective: Iranian business official

Sanctions not effective: Iranian business official

Western-backed sanctions on Iran to crimp its disputed nuclear activities will not have the desired impact as the country increasingly turns to Asian and regional countries, an Iranian business official said. Mohammad Nahavandian, head of Iran's Chamber o
Published 21 Feb, 2010 12:00am
ECB executive defends non-use of IMF for Greece

ECB executive defends non-use of IMF for Greece

The EU's commitments to help Greece resolve its public finance problems should be more effective than a Greek use of International Monetary Fund support, European Central Bank executive committee member Lorenzo Bini Smaghi said on Saturday.
Published 21 Feb, 2010 12:00am
Jordan's Central Bank cuts key interest rates by 50 basis points

Jordan's Central Bank cuts key interest rates by 50 basis points

The Central Bank of Jordan on Saturday decided to slash key interest rates by 50 basis points to spur the country's sluggish economy, a CBJ statement said.The decision, which goes into effect as of Sunday, provides for cutting the discount rate to 4.25 pe
Published 21 Feb, 2010 12:00am
China formally approves stock index futures rules

China formally approves stock index futures rules

China's securities regulator has formally approved rules on contracts and services for planned stock index futures trading, clearing the way for setting up investor accounts, the Xinhua news agency reported on Saturday.
Published 21 Feb, 2010 12:00am
Chinese banks told to lend reasonably, responsibly

Chinese banks told to lend reasonably, responsibly

Chinese banks received a warning on Saturday not to lend too aggressively and to verify that their loans are being used for the intended purpose. The China Banking Regulatory Commission issued two directives on working capital and individual loans with th
Published 21 Feb, 2010 12:00am
IMF restores Zimbabwe voting rights

IMF restores Zimbabwe voting rights

International Monetary Fund member countries agreed unanimously on Friday to restore Zimbabwe's voting rights after a seven-year suspension, a step toward normalising relations with major donors. The IMF said, however, that Zimbabwe was not eligible for f
Published 21 Feb, 2010 12:00am
Obama unveils new fund to address US housing woes

Obama unveils new fund to address US housing woes

President Barack Obama used a campaign push for Senate Majority Leader Harry Reid on Friday to announce a new fund to support homeowners in five states hit hardest by the US housing crisis. Housing was at the centre of the financial crisis that threw the
Published 21 Feb, 2010 12:00am
LatAm stocks up

LatAm stocks up

Latin American currencies gained on the US dollar while stocks in the region edged up after US inflation data came in tamer than expected, giving weight to the US Federal Reserve's stance on an "extended period" of low interest rates. The US consumer pric
Published 21 Feb, 2010 12:00am
Indian bond yields rise

Indian bond yields rise

Indian federal bond yields edged higher on Friday, with traders treading cautiously ahead of the next week's national budget that would detail government borrowing plan for the coming fiscal year. The yield on the benchmark 10-year bond ended at 7.88 perc
Published 21 Feb, 2010 12:00am
Indian bond yields rise

Indian bond yields rise

Indian federal bond yields edged higher on Friday, with traders treading cautiously ahead of the next week's national budget that would detail government borrowing plan for the coming fiscal year. The yield on the benchmark 10-year bond ended at 7.88 perc
Published 21 Feb, 2010 12:00am
Canadian shares gain

Canadian shares gain

Toronto's main stock market index edged higher on Friday, marking its eighth straight rising session, as gains in energy and financial issues outweighed a slide among gold miners. Oil sands-focused company Cenovus Energy Inc was the top heavyweight gainer
Published 21 Feb, 2010 12:00am
US corporate high-yield spreads narrow

US corporate high-yield spreads narrow

US corporate bonds, led by high-yield debt, gained this week as some concerns about sovereign debt risk abated and as a benign inflation report on Friday lessened the impact of a surprise hike in the US discount rate. Spreads were steady to slightly tight
Published 21 Feb, 2010 12:00am
US corporate high-yield spreads narrow

US corporate high-yield spreads narrow

US corporate bonds, led by high-yield debt, gained this week as some concerns about sovereign debt risk abated and as a benign inflation report on Friday lessened the impact of a surprise hike in the US discount rate. Spreads were steady to slightly tight
Published 21 Feb, 2010 12:00am
Latvia to sell two-year bonds of 10 million lats

Latvia to sell two-year bonds of 10 million lats

Latvia next week plans to sell 2-year domestic bonds worth 10 million lats ($19.03 million), the first attempt to sell 2-year paper since 2007, before the country went into recession. Latvia had to take a 7.5 billion euro bailout at the end of 2008 from t
Published 21 Feb, 2010 12:00am
Latvia to sell two-year bonds of 10 million lats

Latvia to sell two-year bonds of 10 million lats

Latvia next week plans to sell 2-year domestic bonds worth 10 million lats ($19.03 million), the first attempt to sell 2-year paper since 2007, before the country went into recession. Latvia had to take a 7.5 billion euro bailout at the end of 2008 from t
Published 21 Feb, 2010 12:00am
Treasuries rebound

Treasuries rebound

US Treasuries turned positive on Friday, rebounding from earlier losses in the wake of the Federal Reserve's surprise hike in its emergency lending rate on Thursday. The Fed's rise in the discount rate it charges banks were its first interest rate move si
Published 21 Feb, 2010 12:00am
Treasuries rebound

Treasuries rebound

US Treasuries turned positive on Friday, rebounding from earlier losses in the wake of the Federal Reserve's surprise hike in its emergency lending rate on Thursday. The Fed's rise in the discount rate it charges banks were its first interest rate move si
Published 21 Feb, 2010 12:00am
Korean bonds tumble

Korean bonds tumble

South Korean bond prices fell across the board on Friday as the US central bank's emergency lending rate increase prompted traders, already cautious after the market's sharp rally, to unload holdings. The front-end contract on 3-year treasury bonds fell t
Published 21 Feb, 2010 12:00am
Korean bonds tumble

Korean bonds tumble

South Korean bond prices fell across the board on Friday as the US central bank's emergency lending rate increase prompted traders, already cautious after the market's sharp rally, to unload holdings. The front-end contract on 3-year treasury bonds fell t
Published 21 Feb, 2010 12:00am
Chilean stocks slide

Chilean stocks slide

Chilean stocks fell on Friday in mixed trade, retreating from life highs and led lower by losses in airline LAN a day after president-elect Sebastian Pinera offered a $1.23 billion stake for sale, while the peso ended slightly lower. Chile's blue chip IPS
Published 21 Feb, 2010 12:00am
Brazilian shares dip

Brazilian shares dip

Brazilian stocks edged lower on Friday while the currency gained ground against the US dollar in a mixed reading of a decision by the US Federal Reserve to reverse some of its monetary stimulus measures. Local equities fell after the Fed late on Thursday
Published 21 Feb, 2010 12:00am
Greece raises new worries in corporate market

Greece raises new worries in corporate market

Sovereign debt concerns in Europe have eased for a time but they could still weigh on US debt capital markets and put a chill on merger activity if worries persist about global growth. Since concern about sovereign risk in Greece, Spain and Portugal swept
Published 21 Feb, 2010 12:00am
Greece raises new worries in corporate market

Greece raises new worries in corporate market

Sovereign debt concerns in Europe have eased for a time but they could still weigh on US debt capital markets and put a chill on merger activity if worries persist about global growth. Since concern about sovereign risk in Greece, Spain and Portugal swept
Published 21 Feb, 2010 12:00am
Wall Street surges

Wall Street surges

US stocks rose on Friday as investors took the Federal Reserve's discount rate increase as evidence the financial system is healing but worried the eventual withdrawal of easy money will hurt Wall Street. Even as stocks closed out their best week of the y
Published 21 Feb, 2010 12:00am
Canadian dollar hits February high

Canadian dollar hits February high

The Canadian dollar hit its highest level against the US currency in nearly a month on Friday after US inflation data showed prices rose less than expected, calming markets made jittery by Thursday's surprise hike in the US discount rate.
Published 21 Feb, 2010 12:00am
Mexican peso rises

Mexican peso rises

Mexico's peso jumped to a more than four-week high on Friday after tame inflation data in the United States backed views that the US Federal Reserve will keep its benchmark interest rates low for some time. The peso gained 0.48 percent to 12.814 per US do
Published 21 Feb, 2010 12:00am
IMM dollar long bets highest since September 2008

IMM dollar long bets highest since September 2008

Currency speculators increased bets the US dollar will rise to the highest level since the week of September 23, 2008, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position rose to $9.69 bil
Published 21 Feb, 2010 12:00am
Dollar climbs

Dollar climbs

The dollar climbed across the board on Friday, touching an eight-month high against a currency basket, a day after the Federal Reserve raised the interest rate it charges banks for emergency loans. The Fed announced late on Thursday that it raised the dis
Published 21 Feb, 2010 12:00am
East African currencies seen mixed next week

East African currencies seen mixed next week

The Kenyan and Ugandan shillings were expected to weaken against the dollar in the coming week, while Tanzania's currency was seen holding steady, traders said on Wednesday.
Published 21 Feb, 2010 12:00am
Forex outlook: further dollar gains seen next week

Forex outlook: further dollar gains seen next week

The dollar is likely to rally again in the upcoming week, bolstered by a growing view US interest rates will rise imminently after the Federal Reserve raised the discount rate this week. While the Fed has emphasised Thursday's announcement was not a signa
Published 21 Feb, 2010 12:00am
Bush lawyers criticised on interrogation advice

Bush lawyers criticised on interrogation advice

Two Bush administration lawyers who authorised harsh interrogation techniques on terrorism suspects used poor judgement but will not face punishment, according to a US Justice Department report released on Friday.
Published 21 Feb, 2010 12:00am
Kabila reshuffles, trims cabinet

Kabila reshuffles, trims cabinet

Democratic Republic of Congo President Joseph Kabila has carried out a wideranging cabinet reshuffle, excluding former rebels, changing 20 posts and dropping a deputy minister at the centre of a mining review. The reshuffle, announced on state radio late
Published 21 Feb, 2010 12:00am
Ivory Coast protesters burn cars and loot shops

Ivory Coast protesters burn cars and loot shops

Thousands of protesters marched through the central Ivory Coast city of Bouake on Saturday, some of them setting fire to cars, smashing up shops and looting a local government office. Demonstrations have erupted almost daily across the world's top cocoa p
Published 21 Feb, 2010 12:00am
Luxury jail treatment for ex Sri Lanka army chief: president

Luxury jail treatment for ex Sri Lanka army chief: president

Sri Lanka's president says arrested ex-army chief and defeated presidential candidate Sarath Fonseka is getting "five-star" treatment in custody, it was reported Saturday. Fonseka, whose detention came two weeks after being beaten in presidential election
Published 21 Feb, 2010 12:00am
Cuba slams US for diplomat's meeting with dissidents

Cuba slams US for diplomat's meeting with dissidents

Communist Cuba on Saturday slammed the United States for what it called a "provocative event" and "bald-faced meddling" in its internal affairs, after a US diplomat met with Cuban dissidents. The foreign ministry said in a statement that after US-Cuban ta
Published 21 Feb, 2010 12:00am
Sudanese national dies from injuries in Pune terrorist attack

Sudanese national dies from injuries in Pune terrorist attack

A Sudanese student injured in a recent bombing in India's southern city of Pune died in a local hospital Saturday, raising the death toll to 12, officials said.Amjad Elgajoli, 21, was the fourth foreign national to die from the February 13 terrorist attac
Published 21 Feb, 2010 12:00am
18 hurt as plane hit by turbulence

18 hurt as plane hit by turbulence

Eighteen people were injured, with one breaking a leg, when a passenger plane hit turbulence en route from Washington to Tokyo, Japanese police said Saturday. The United Airlines Boeing 747-400 was carrying 245 passengers and crew when it hit turbulence o
Published 21 Feb, 2010 12:00am
Chinese school denies cyber-attack on Google

Chinese school denies cyber-attack on Google

A Chinese school linked to cyber-attacks on Google denied any involvement, the state-run Xinhua news agency reported on Saturday. Li Zixiang from the Lanxiang Vocational School in Shandong Province, said "investigations ...found no trace the attacks origi
Published 21 Feb, 2010 12:00am
Brazil's ruling party launches Rousseff candidate

Brazil's ruling party launches Rousseff candidate

President Luiz Inacio Lula da Silva's chief of staff, who was endorsed as a presidential candidate on Saturday by the ruling Workers' Party, pledged to continue current economic policy if she wins the October 3 election. Delegates at the party's national
Published 21 Feb, 2010 12:00am
Indian state removes book with Jesus holding beer

Indian state removes book with Jesus holding beer

Authorities in a Christian-majority state in India's remote north-east have confiscated all copies of a school textbook that carried a picture of Jesus Christ holding a can of beer and a cigarette, an official said Saturday. The primary school textbook, w
Published 21 Feb, 2010 12:00am
Sunni bloc boycotts Iraq vote citing Iran interference

Sunni bloc boycotts Iraq vote citing Iran interference

A major Sunni bloc said on Saturday it was boycotting Iraq's March 7 general election because of Iranian interference, in a blow to former prime minister Iyad Allawi and hopes for reconciliation. The National Dialogue Front led by Saleh al-Mutlak, a leadi
Published 21 Feb, 2010 12:00am
Grenade attacks kill one, injure 18 in Rwanda capital

Grenade attacks kill one, injure 18 in Rwanda capital

Three grenade attacks hit the Rwandan capital Kigali on Friday night, killing one person and wounding 18, police said on Saturday. The police said it was not yet clear who was behind the attacks nor whether they were co-ordinated. "There was one death and
Published 21 Feb, 2010 12:00am
35 killed in fires across China during holiday period

35 killed in fires across China during holiday period

China said Saturday 35 people were killed in fires during the week-long new year holiday as millions of people set off fireworks to usher in the Year of the Tiger. Almost 7,500 fires were recorded during the Spring Festival, an important holiday marking t
Published 21 Feb, 2010 12:00am
Key Darfur rebel group signs deal with Khartoum

Key Darfur rebel group signs deal with Khartoum

Darfur's most heavily armed rebel group, the Justice and Equality Movement, said on Saturday that it had signed a framework agreement with the Sudanese government in Chad that provides for a cease-fire. Soon afterwards, Sudanese President Omar al-Beshir a
Published 21 Feb, 2010 12:00am
Australia told of Commonwealth Games security plan theft

Australia told of Commonwealth Games security plan theft

Australian tennis chiefs were told last year that security plans for October's Commonwealth Games in India had been stolen, according to a report on Saturday. Tennis Australia said information on the alleged theft came from its own independent security as
Published 21 Feb, 2010 12:00am
Roddick ousted as Sharapova books final berth

Roddick ousted as Sharapova books final berth

Eighth-seeded Sam Querrey upset top-seeded Andy Roddick 7-5, 3-6, 6-1 to book a semi-final berth Friday as top seed Maria Sharapova moved into the women's final at this combined ATP/WTA tennis tournament. Querrey, who lost to Roddick in the San Jose semi-
Published 21 Feb, 2010 12:00am
Drogba double fires Chelsea clear at the top

Drogba double fires Chelsea clear at the top

Didier Drogba enabled Chelsea to build a four-point lead over Manchester United in the Premier League title race as the Ivory Coast striker's double earned a 2-0 win at Wolves on Saturday. Drogba has been in fine fettle since returning from the Africa Cup
Published 21 Feb, 2010 12:00am
Late goals give Everton rare win over Man United

Late goals give Everton rare win over Man United

Everton stunned Manchester United with two goals in the final 14 minutes from substitutes Dan Gosling and Jack Rodwell to beat the champions 3-1 on Saturday and stop them going top of the Premier League. The victory gave Everton a notable trio of successe
Published 21 Feb, 2010 12:00am
Siddiq Motors win in Seniors Cricket Cup

Siddiq Motors win in Seniors Cricket Cup

Siddiq Motors put up fine display of batting when they beat Ali Garh Seniors by six wickets in Group-G match of the 12th edition of National Seniors Cricket Cup at latter's ground in Model Town here on Saturday.
Published 21 Feb, 2010 12:00am
Premier League reject Portsmouth's bid to sell players

Premier League reject Portsmouth's bid to sell players

Portsmouth's bid to sell players outside of the transfer window was rejected by the Premier League on Saturday. The debt-ravaged club face a winding-up petition from the Government's Revenue and Customs office in the High Court next month and had appealed
Published 21 Feb, 2010 12:00am
Britain breaks 30-year drought as Plushenko row rages

Britain breaks 30-year drought as Plushenko row rages

Britain claimed its first individual Winter Olympic gold in 30 years on Friday as Aksel Lund Svindal landed the super-G title and figure skater Yevgeny Plushenko's failure to defend his crown sparked a furious backlash. Amy Williams rocketed to victory in
Published 21 Feb, 2010 12:00am
Afghan riders star attraction in Tour de Pakistan

Afghan riders star attraction in Tour de Pakistan

Riders from Afghanistan will be the star attraction in next month's Tour de Pakistan cycle race after Indian cyclists were left out in the cold by organisers, an official said Saturday. The 15th Tour de Pakistan, a race modelled on the Tour de France, wil
Published 21 Feb, 2010 12:00am
Sehwag tops ICC Test rankings

Sehwag tops ICC Test rankings

India's Virender Sehwag has displaced compatriot Gautam Gambhir at the top of the official rankings for Test batsmen following his double centuries against South Africa in their recent series. Sehwag, who scored a century in the opening test, moved up fiv
Published 21 Feb, 2010 12:00am
Pakistan beat England by four wickets

Pakistan beat England by four wickets

Abdul Razzaq smashed 46 from 18 balls to lead Pakistan past England by four wickets and split the two-match Twenty20 series on Saturday. Razzaq finished the match with his fifth six, a blast over long on off Ajmal Shazhad. England totalled 148-6 and Pakis
Published 21 Feb, 2010 12:00am
FIFA slashes World Cup ticket prices

FIFA slashes World Cup ticket prices

World football body FIFA has cut ticket prices for South Africans in a bid to allow the hosts to fill the stadiums during Africa's first World Cup in June, media reports said on Saturday. According to the Saturday Star, FIFA has slashed the price of at le
Published 21 Feb, 2010 12:00am
England call up Kieswetter

England call up Kieswetter

England called South Africa-born Craig Kieswetter into their one-day squad for the tour of Bangladesh on Saturday. Wicketkeeper-batsman Kieswetter, born in Johannesburg, has earned his call-up after impressing for England Lions during their recent trip to
Published 21 Feb, 2010 12:00am
Hockey World Cup in India: PHF's security team satisfied over security

Hockey World Cup in India: PHF's security team satisfied over security

A-two-member security team of Pakistan Hockey Federation (PHF) on Saturday returned home after reviewing security arrangements made by Indian authorities for Pakistan hockey team taking part in the forthcoming World Cup Hockey Tournament being played in N
Published 21 Feb, 2010 12:00am
British Prime Minister launches pre-election 'Operation Fightback'

British Prime Minister launches pre-election 'Operation Fightback'

British Prime Minister Gordon Brown launched "Operation Fightback" Saturday weeks before a general election, admitting that while he was "not perfect", voters should think twice before ousting him. At a major rally gearing up Labour party workers for a po
Published 21 Feb, 2010 12:00am
Vietnam Lunar New Year crashes kill 300

Vietnam Lunar New Year crashes kill 300

Lunar New Year holiday road accidents killed almost 300 people in Vietnam, and most of the crashes involved alcohol, official media reported. The deaths occurred over seven days since the holiday began on February 13, Vietnam News Agency said in a report
Published 21 Feb, 2010 12:00am
US judge sets stage for 9/11 illness trials

US judge sets stage for 9/11 illness trials

A US judge has picked 12 responders to the September 11 attacks whose cases will be the first to go to trial over illnesses caused by ash and dust from the destroyed World Trade Center. More than 9,000 people who played a role in the massive rescue and r
Published 21 Feb, 2010 12:00am
Death toll from Madeira floods reaches 25

Death toll from Madeira floods reaches 25

At least 25 people have been killed by floods and mudslides caused by torrential rain on the Portuguese island of Madeira, Interior Minister Rui Pereira said on Saturday. "The only number I have that comes from the national civil protection service is 25
Published 21 Feb, 2010 12:00am
Mali frees al Qaeda prisoners in hostage swap

Mali frees al Qaeda prisoners in hostage swap

Mali authorities have released four Islamist prisoners in an apparent deal with al Qaeda's north African wing to save a French hostage, according to a Mali newspaper report. Al Qaeda in the Islamic Maghreb (AQIM) had said France and Mali would be "respons
Published 21 Feb, 2010 12:00am
US lifts travel warning for Syria

US lifts travel warning for Syria

A US Embassy official and Syria's official news agency say the US State Department has lifted an advisory warning American travellers of security concerns in Syria. However, Syria remains on a US list of countries supporting terrorism, a designation made
Published 21 Feb, 2010 12:00am
Syria dismisses IAEA call for more inspectors access

Syria dismisses IAEA call for more inspectors access

Syria dismissed on Saturday an International Atomic Energy Agency recommendation to allow its inspectors unrestrained access, days after the agency said a bombed Syrian complex could have been a nuclear site. An IAEA report said on Thursday that Uranium p
Published 21 Feb, 2010 12:00am
New Saudi law would allow women lawyers in court

New Saudi law would allow women lawyers in court

Saudi Arabia's justice minister says his department is drafting a law that would allow female lawyers to argue legal cases in court for the first time. Sheik Mohammed al-Issa told reporters Saturday the bill will be issued in the coming days as part of th
Published 21 Feb, 2010 12:00am
Pope urges human dignity in face of terror threat

Pope urges human dignity in face of terror threat

Pope Benedict XVI stressed Saturday the primacy of human dignity, even in the face of the terrorist threat, in a meeting with Italy's civil aviation chiefs. "In every action, it is above all essential to protect and value the human person in their integri
Published 21 Feb, 2010 12:00am
Thousands turn out for pro-junta rally in Niger

Thousands turn out for pro-junta rally in Niger

Thousands of people rallied in Niger's capital Niamey on Saturday in support of their new military rulers after a coup ousted the strongman of the uranium-rich nation, Mamadou Tandja. A crowd of around 10,000 massed outside the parliament building in down
Published 21 Feb, 2010 12:00am
Dalai Lama gets US award despite China's anger

Dalai Lama gets US award despite China's anger

The Dalai Lama was bestowed Friday with a US award for his commitment to democracy, the latest honour for the Tibetan spiritual leader despite China's angry protests over his White House welcome. One day after President Barack Obama met the exiled monk at
Published 21 Feb, 2010 12:00am
Ukraine's Tymoshenko drops legal challenge on election

Ukraine's Tymoshenko drops legal challenge on election

Ukrainian Prime Minister Yulia Tymoshenko on Saturday dropped her legal case challenging the election of President-elect Viktor Yanukovich, saying the court could not be trusted to bring in a fair verdict. Tymoshenko, repeating that she did not recognise
Published 21 Feb, 2010 12:00am
Britain's rights watchdog urges terror suspect torture probe

Britain's rights watchdog urges terror suspect torture probe

Britain's human rights watchdog called Saturday for an urgent independent probe into claims that the security services were complicit in the torture of more than 20 of its terror suspects. The police are already investigating allegations that the services
Published 21 Feb, 2010 12:00am
Microsoft, AKF-P to explore ICTs potential with CSOs

Microsoft, AKF-P to explore ICTs potential with CSOs

Microsoft (Pakistan) and the Aga Khan Foundation - Pakistan (AKF-P) have reached an understanding to explore the potential and challenges of using information and communication technologies (ICTs) for development with prominent civil society organisations
Published 21 Feb, 2010 12:00am
Anti-terrorism, disaster management moot on February 23

Anti-terrorism, disaster management moot on February 23

The 2nd annual 'Anti-terrorism and disaster management' conference and exhibition' is being held on the following dates: The two-day exhibition will be held on Monday February 22 and Tuesday February 23 from 10:00 am to 6:00 pm at the Ballroom B, PC Hotel
Published 21 Feb, 2010 12:00am
Japan Deputy CG calls on Sindh University vice chancellor

Japan Deputy CG calls on Sindh University vice chancellor

Deputy Consul General of Consulate General Japan Toshikazu Ismoura Saturday visited the Area Study Centre Far East and South East Asia, University of Sindh. He met with the Vice Chancellor of the varsity Professor Dr Nazir A Mughal and discussed the acade
Published 21 Feb, 2010 12:00am
IBP to hold ISQ examination from May 3

IBP to hold ISQ examination from May 3

The Institute of Bankers Pakistan (IBP) will hold its Banking Qualification (ISQ) Examination (Summer 2010) from May 3. An announcement to this effect was made in an IBP statement issued here on Saturday. It said that the IBP would accept entries for the
Published 21 Feb, 2010 12:00am
Prize distribution ceremony of Hailey College held

Prize distribution ceremony of Hailey College held

Punjab University vice-chancellor Professor Dr Mujahid Kamran has stated that in addition to continuous improvements in professional studies, the varsity is providing conducive environment to students for their maximum participation in healthy sports acti
Published 21 Feb, 2010 12:00am
Pakistan looks for meaningful cooperation with Italy: Dr Ishfaq

Pakistan looks for meaningful cooperation with Italy: Dr Ishfaq

Deputy Chair-man Planning Commission, Dr Ishfaq Ahmad said here on Saturday that Pakistan was looking for meaningful co-operation with Italy in various fields, particularly science and technology, higher education and power generation. Talking to Giuseppe
Published 21 Feb, 2010 12:00am
ATF man killed in Turbat

ATF man killed in Turbat

A personnel of Anti-Terrorist Force (ATF) was killed when a wanted criminal opened fire at him in Turbat here on Saturday. According to police sources, acting to a tip-off, an ATF team raided a house in the town where a wanted criminal had taken refuge.
Published 21 Feb, 2010 12:00am
Bottled water sector in Pakistan - what is needed to be done?

Bottled water sector in Pakistan - what is needed to be done?

In Pakistan, the unchecked and more than needed population explosion has heightened the need to ensure uninterrupted access to improved drinking-water supply, especially in mega cities like Karachi and Lahore, where traces of multiple deadly rudiments, in
Published 21 Feb, 2010 12:00am
Islamabad witnesses surge in meat prices

Islamabad witnesses surge in meat prices

Please refer to your news that appeared in today's Business Recorder about mutton prices. The report said that mutton in Islamabad is selling at Rs 450 to Rs 550 per kg against its previous rate of Rs 320 per kg. I do agree with this report by your
Published 21 Feb, 2010 12:00am
An appeal to independent judiciary

An appeal to independent judiciary

This is with reference to the recent capture of so many terrorists involved in suicide bombings and the killing of innocent people in Pakistan by the intelligence agencies. They are mostly from Swat, Fata and also from all other parts of Pakistan. These t
Published 21 Feb, 2010 12:00am
German author's 'cut-and-paste' bestseller sparks debate

German author's 'cut-and-paste' bestseller sparks debate

A teenage author who used other people's words for her best-selling debut novel has triggered a debate in Germany about where to draw the line between creativity and plagiarism. Entire passages from the blog of another writer appear in Axolotl Roadkill, H
Published 21 Feb, 2010 12:00am
China's 'ant tribe' poses policy challenge for Beijing

China's 'ant tribe' poses policy challenge for Beijing

They sleep in boxy rooms crammed into dingy low-rises and spend hours commuting to work on crowded buses as part of a trend of poorer white-collar workers being forced to the fringes of China's wealthiest cities. Some say these struggling college graduate
Published 21 Feb, 2010 12:00am
Our economic development paradigm - III

Our economic development paradigm - III

For my masochistic readership (it must be so to appreciate this Cassandra's tales of economic doom), the preamble (Part I) of the captioned series of articles, provided an overview of our faltering economy and identified the source of its engine failure,
Published 21 Feb, 2010 12:00am
Murder in Dubai

Murder in Dubai

There is nothing new about the Israeli army killing Palestinian leaders living in the Occupied territories. It has eliminated several Hamas leaders in covert operations, including the movement's near-blind, wheelchair-bound founder and spiritual leader Sh
Published 21 Feb, 2010 12:00am
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