News Archives for Print - 2010-03-08

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices for week ended March 04, 2010.

Published 08 Mar, 2010 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices for week ended March 04, 2010.

Published 08 Mar, 2010 12:00am

Textiles: FAZAL TEXTILES MILLS LIMITED - Analysis of Financial Statements Financial Year 2005 - 2001 H 2010

Fazal Textiles Mills (FZTM) is one of the older mills of the country. It is located in Karachi and was taken over by the Yunus Brothers group in March 1987. Yunus Brothers took over FZTM when it had closed down since 1984 due to heavy losses.

Published 08 Mar, 2010 12:00am

Textiles: FAZAL TEXTILES MILLS LIMITED - Analysis of Financial Statements Financial Year 2005 - 2001 H 2010

Fazal Textiles Mills (FZTM) is one of the older mills of the country. It is located in Karachi and was taken over by the Yunus Brothers group in March 1987. Yunus Brothers took over FZTM when it had closed down since 1984 due to heavy losses.

Published 08 Mar, 2010 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 08 Mar, 2010 12:00am

Two new polls increase British opposition's lead

Britain's opposition Conservative Party increased its lead over the ruling Labour Party, according to new oppinion polls published Sunday But the new polls still suggested Britain might be headed for a hung parliament after the general election, with no o

Published 08 Mar, 2010 12:00am

Thai elephant gives birth to first known male twins

A Thai elephant has given birth to the world's first known male twins, local media reported Sunday.The twin males were born to Phang Thong Khun, a 35-year-old in the north-eastern province of Surin, The Nation newspaper reported.

Published 08 Mar, 2010 12:00am

Destructive floods hit East Africa

Torrential rains across East Africa have sparked flash floods that have swept away homes, bridges and lives in a region emerging from a harsh drought that plunged millions into hunger. The annual rainy reason has seen unusually heavy downpour. Some 300 pe

Published 08 Mar, 2010 12:00am

Turk court sentences pop star to write out lines

A Turkish pop star has been sentenced to write out Turkey's lengthy national anthem along with a five page critique of it after a court found her guilty of casting ethnic slurs at a concert, newspapers said on Sunday.

Published 08 Mar, 2010 12:00am

Sadr urges Iraqis to vote to help end US 'occupation'

Anti-American Shia cleric Moqtada al-Sadr, speaking at a rare news conference in Tehran, has urged Iraqis to take part in Sunday's election to help pave the way for Iraq's "liberation" from US forces. Sadr galvanised anti-US sentiment following the 2003 i

Published 08 Mar, 2010 12:00am

Togo opposition vows to fight Gnassingbe re-election

Togo's main opposition party on Sunday rejected the results of a presidential poll handing a second term to incumbent Faure Gnassingbe, as hundreds of activists rallied in the capital to demand justice.

Published 08 Mar, 2010 12:00am

Snow causes thousands of accidents, avalanche in Germany

Police say heavy snowfall in parts of Germany has led to more than 2,000 accidents and a deadly avalanche over the weekend. At least seven people have been killed and dozens more injured. Police in the southern city of Regensburg said Sunday 46 cars were

Published 08 Mar, 2010 12:00am

Japan's Prime Minister support down to 36 percent amid base woes: poll

Only about one-third of Japanese support Prime Minister Yukio Hatoyama's government, and the number planning to vote for the ruling party and the opposition in a key mid-year poll is almost equal, a survey showed on Sunday.

Published 08 Mar, 2010 12:00am

Philippines kills seven militants in south

Philippine troops killed seven militants, believed to be sheltering a Malaysian bomb expert, in a pre-dawn assault on Sunday, a Marine general said. A soldier was also wounded during an amphibious assault on a row of fortified stilt houses on the island o

Published 08 Mar, 2010 12:00am

AIDS rise may force India to spend more: World Bank

India will have to scale up prevention of HIV to avoid having to spend an increasing share of its health budget on treatment of AIDS patients, the World Bank and other agencies said on Sunday. New Delhi spends about 5 percent of its $5.4 billion healthcar

Published 08 Mar, 2010 12:00am

France's Sarkozy under pressure, faces poll wipeout

French President Nicolas Sarkozy suffered fresh poll woes at the weekend, with his popularity hitting new lows and his political allies forecast to suffer heavy defeat at this month's local elections.

Published 08 Mar, 2010 12:00am

China 'extradites' fugitive Taiwan politician

A fugitive Taiwanese politician who fled to China to escape a jail term has been returned to the island, television pictures showed, in a further sign of warming cross-strait ties. Footage broadcast by the TVBS cable news network showed Pai Hung-sen, form

Published 08 Mar, 2010 12:00am

Teens glued to computer, TV less close to family

The more time teens spend watching television or playing on a computer or games console, the less likely they are to be close to their family and friends, a study published on March 01 shows.

Published 08 Mar, 2010 12:00am

Calcium, vitamin D pills may not help heart

Don't expect your calcium and vitamin D supplements to improve your heart health or prevent a stroke, according to a systematic review of published studies. While vitamin D and calcium are clearly important for bone health, write the authors of the review

Published 08 Mar, 2010 12:00am

Failure to aid drug users drives HIV spread

More than 90 percent of the world's 16 million injecting drug users are offered no help to avoid contracting AIDS, and governments that ignore them risk a spiralling public health crisis, drugs experts said.

Published 08 Mar, 2010 12:00am

Huge methane leak in Arctic Ocean

Methane is leaking into the atmosphere from unstable permafrost in the Arctic Ocean faster than scientists had thought and could worsen global warming, a study said on March 04.

Published 08 Mar, 2010 12:00am

Climate change may extend allergy season

Sneezing, congestion, and runny noses from hay fever may be lasting longer because climate change may be extending pollen seasons, doctors in Italy said. Pollen seasons as well as the amount of pollen in the air progressively increased during a six-year s

Published 08 Mar, 2010 12:00am

Eating fish has no effect on abnormal heart rhythm

There are plenty of good reasons to eat fish, but preventing abnormal heart rhythms doesn't seem to be one of them, according to a new study.

Published 08 Mar, 2010 12:00am

Mammoth iceberg can alter ocean circulation

An iceberg the size of Luxembourg knocked loose from the Antarctic continent earlier this month could disrupt the ocean currents driving weather patterns around the globe, researchers recently said.

Published 08 Mar, 2010 12:00am

Glacier melting a key clue to tracking climate change

The world has become far too hot for the aptly named Exit Glacier in Alaska. Like many low-altitude glaciers, it's steadily melting, shrinking two miles (3 kilometres) over the past 200 years as it tries to strike a new balance with rising temperatures.

Published 08 Mar, 2010 12:00am

Indian firm launches handset with 'AAA' battery power

An Indian mobile phone company has launched a low-cost handset that uses commonly available AAA-sized batteries aimed at the hundreds of millions who live in areas where power supplies are erratic.

Published 08 Mar, 2010 12:00am

Mind-reading computers turn heads at high-tech fair

Devices allowing people to write letters or play pinball using just the power of their brains have become a major draw at the world's biggest high-tech fair. Huge crowds at the CeBIT fair gathered round a man sitting at a pinball table, wearing a cap cove

Published 08 Mar, 2010 12:00am

Cisco makes companies more smartphone friendly

Cisco on March 2 unveiled a way for businesses to feel comfortable about letting workers use whatever smartphones tickle their fancies. While hip new mobile devices such as Apple iPhones or Google's Nexus One smartphones have captured people hearts, busin

Published 08 Mar, 2010 12:00am

US building top cyber defence team: Napolitano

The United States is building an elite cyber defence team to guard the nation's public and private computer systems, Homeland Security Secretary Janet Napolitano said on March 3. "We need the best brains we can bring to bear on meeting the challenge," Nap

Published 08 Mar, 2010 12:00am

YouTube extends automatic video captioning

YouTube, in a significant development for millions of deaf Internet users, extended automatic caption capability on March 4 to all English-language videos on the video-sharing website. YouTube users have been able to manually add captions to videos since

Published 08 Mar, 2010 12:00am

Fridges talk to washing machines

A fridge that talks to your washing machine and a television that instructs your dishwasher. It's all possible at CeBIT, the world's top high-tech fair, but the question is: what's the point? "Well, for example, you could be sitting on your sofa in your l

Published 08 Mar, 2010 12:00am

The sound of silence: an end to noisy communications

It has happened to almost everyone. You are sitting on a train or a bus and someone right next to you is annoyingly shouting into his or her mobile phone. But those days could soon be past with "silent sounds", a new technology unveiled at the CeBIT fair

Published 08 Mar, 2010 12:00am

Internet third-most popular news platform in US: Pew survey

The Internet has become the third most popular news platform for American adults, trailing only local and national television stations, according to a survey released on March 1.

Published 08 Mar, 2010 12:00am

Samsung unveils fridge with built-in Internet

South Korea's Samsung Electronics on March 4 unveiled a hi-tech alternative to the fridge magnet - a refrigerator with Internet access that can display family photos or recipes on a screen.

Published 08 Mar, 2010 12:00am

Google buys photo-editing site Picnik

Internet giant Google announced on March 1 that it had bought Picnik.com, a website that allows users to edit and store photos online. "Until recently, you had to edit your photos using client software on your computer," Brian Axe, a Google product manage

Published 08 Mar, 2010 12:00am

Sony developing lineup of handheld devices

Japanese electronics giant Sony is developing a new lineup of handheld products to counter Apple's stable of portable devices, The Wall Street Journal reported on March 5. The newspaper, citing "people familiar with the matter," said the products under de

Published 08 Mar, 2010 12:00am

One in four Germans wants microchip under skin

It sounds like something from a sci-fi film, but one in four Germans would be happy to have a microchip implanted in their body if they derived concrete benefits from it, a poll on March 1 showed.

Published 08 Mar, 2010 12:00am

Standard Chartered seeking Shanghai listing

Asia-focused bank Standard Chartered will seek to list shares in Shanghai as soon as regulations concerning the exchange's international board become clear, a senior executive said. Other than also listing in India, the bank had no other fundraising plans

Published 08 Mar, 2010 12:00am

Dell sees 'little limitation' in M&A strategy

Dell, the world's No 3 PC seller, is looking for acquisitions to bolster its consumer, small and medium business that accounts for almost half of the company's total sales, a coompany executive told Reuters "You will see acquisitions from us," Steve Felic

Published 08 Mar, 2010 12:00am

Renault chief executive could reconsider size of AvtoVAZ stake

French car maker Renault could reconsider the size of its 25 percent stake in Russia's AvtoVAZ if asked by the Russian government, Chief Executive Carlos Ghosn said on March 01. "If this 25 percent stake is to change, it is not up to us, it is up to the R

Published 08 Mar, 2010 12:00am

AIG unit sale shows more buyers could hijack IPOs

More buyers could hijack planned flotations at the last minute after Prudential's surprise purchase of AIG's Asian life insurance unit showed the benefits of such "dual track" disposals.

Published 08 Mar, 2010 12:00am

AIG unit sale shows more buyers could hijack IPOs

More buyers could hijack planned flotations at the last minute after Prudential's surprise purchase of AIG's Asian life insurance unit showed the benefits of such "dual track" disposals.

Published 08 Mar, 2010 12:00am

Panasonic sees profit on TV business

Panasonic Corp said its TV business will likely turn profitable in the financial year from April after two straight years of losses, thanks to cost-cutting and the launch of higher-margin 3D TVs.

Published 08 Mar, 2010 12:00am

China's BYD, Daimler team up on electric vehicle

Chinese auto maker BYD (Build Your Dreams) and German giant Daimler have signed a preliminary agreement to mass produce an electric car together, executives said at the Geneva motor show on March 02.

Published 08 Mar, 2010 12:00am

Rockefeller & Co Inc to become Rockefeller Financial

Rockefeller & Co Inc is renaming itself Rockefeller Financial, the New York-based wealth management firm said on March 01. The legal name of the firm will remain Rockefeller & Co Inc, but its marketing and client-related communications will be rebranded R

Published 08 Mar, 2010 12:00am

Acer aims for growth in Germany

Taiwan's Acer Inc, the world's No 2 PC brand, aims to grow in Germany this year and is off to a good start with first-quarter sales above the 2009 period, the head of its German unit told Reuters. "Revenues and unit sales are above last year's level in th

Published 08 Mar, 2010 12:00am

Acer aims for growth in Germany

Taiwan's Acer Inc, the world's No 2 PC brand, aims to grow in Germany this year and is off to a good start with first-quarter sales above the 2009 period, the head of its German unit told Reuters. "Revenues and unit sales are above last year's level in th

Published 08 Mar, 2010 12:00am

HSBC boss gets extra $485,000 for moving to Hong Kong

The boss of banking giant HSBC Holdings Plc is to be paid an extra 3.7 million Hong Kong dollars (485,000 US dollars) on top of his salary to compensate him for his move to Hong Kong, the bank's annual report showed.

Published 08 Mar, 2010 12:00am

BNP Paribas aims to double sharia assets

BNP Paribas Investment aims to double its Islamic assets under management this year as the global economy recovers but higher borrowing costs world-wide could dampen market sentiment, a senior official said on March 03.

Published 08 Mar, 2010 12:00am

BNP Paribas aims to double sharia assets

BNP Paribas Investment aims to double its Islamic assets under management this year as the global economy recovers but higher borrowing costs world-wide could dampen market sentiment, a senior official said on March 03.

Published 08 Mar, 2010 12:00am

Anger as FIFA rejects goal-line technology

The International Football Association Board has rejected the introduction of goal-line technology, sparking an angry reaction from some football managers. The decision was taken after a presentation of experiments during which cameras were placed on the

Published 08 Mar, 2010 12:00am

Hamza shines in RPA Golf

The three-day 4th Aquafina Royal Palm Amateur (RPA) Golf Championship concluded here on Sunday with Hamza Amin startling all. Mahad Zafar won challenge shield, while Nushmiya emerged victorious in ladies' event.

Published 08 Mar, 2010 12:00am

Real Madrid battle from two-goal deficit to go top

Real Madrid battled back from 2-0 down to beat Sevilla 3-2 on Saturday and reclaim top spot in the Spanish first division with Rafael Van der Vaart grabbing a stoppage-time winner. After 10-man Barcelona were held 2-2 by Almeria, the incentive was on Real

Published 08 Mar, 2010 12:00am

United go top after 100th league goal by Scholes

Manchester United took advantage of Chelsea's inactivity on Saturday to reclaim top spot in the Premier League, the 35-year-old Paul Scholes clinching a 1-0 victory at struggling Wolverhampton Wanderers.

Published 08 Mar, 2010 12:00am

Ferguson backing bid to oust Glazers, say bankers

Manchester United boss Sir Alex Ferguson is backing a take-over of the club, financiers linked to the bid claimed on Sunday. A group of wealthy United fans known as the Red Knights last week mooted to possibility of taking control of the club from the Gla

Published 08 Mar, 2010 12:00am

Bank Alflah National Open: Colony Sugar defeat HFBC

Colony Sugar here on Sunday beat HFBC by 9-8 goals in Bank Alflah National Open Championship Final. Prime Minister Yousuf Raza Gilani was the chief guest on the occasion. He distributed prizes amongst the players. Speaker Punjab Assembly Rana Muhammad Iqb

Published 08 Mar, 2010 12:00am

'Tour de Pakistan' 6th phase kicks off

The 6th phase of 15th "Tour de Pakistan" kicked off Sunday from Multan to Bahawalpur. Afghan cyclist Imtiaz Hasan won the 5th stage from Sahiwal to Multan by crossing the distance in 4 hours, 28 minutes and 37 seconds. The 5th leg of Tour de Pakistan was

Published 08 Mar, 2010 12:00am

Defending champs Spain, Russia book quarter-final berths

Defending champions Spain booked a showdown with France as Russia also eased into the quarter-finals of the Davis Cup World Group here on Sunday. Croatia, the 2005 champions, and the Czech Republic had already assured their places in the last eight on Sat

Published 08 Mar, 2010 12:00am

Jang's hat-trick keeps South Korea afloat

Jang Jong-Hyun scored three goals as South Korea routed lowly Canada 9-2 on Sunday to keep their semi-final hopes alive the men's field hockey World Cup. However, New Zealand's chances of making the knock-out round suffered a setback when they lost 1-0 to

Published 08 Mar, 2010 12:00am

Carew hat-trick sends Villa into FA Cup semi-finals

A John Carew hat-trick helped Aston Villa come back from a 2-0 halftime deficit at Championship (second division) Reading to claim 4-2 victory and a place in the FA Cup semi-finals on Sunday.

Published 08 Mar, 2010 12:00am

Sudan club mourns mid-game death of striker

Sudanese football fans were in mourning on Sunday after the Nigerian star of one of the nation's top clubs died after collapsing on the pitch in mid-game in front of thousands of home spectators.

Published 08 Mar, 2010 12:00am

Chief selector, coach blast senior players for World Cup debacle

Chief selector national hockey team Hasan Sardar has indicated that heads will start rolling after the national team returns back home from their disastrous World Cup campaign in New Delhi.

Published 08 Mar, 2010 12:00am

Iraq signs initial deal for Maysan oilfields

Iraq has signed an initial deal with China's CNOOC and Sinochem to develop the 2.5-billion-barrel Maysan oilfield complex, Oil Minister Hussain al-Shahristani told Reuters on Sunday. A final deal with both companies will be signed in the coming days, afte

Published 08 Mar, 2010 12:00am

Too early to end stimulus plan: Japan

It is too early for Japan to end its massive stimulus spending because the world's second biggest economy is still slowly recovering from a severe recession, the finance minister said Sunday. "We actually want to move to an exit strategy soon but it would

Published 08 Mar, 2010 12:00am

Iraq extends gas MOU with Shell: oil minister

Iraq has extended a memorandum of understanding with Royal Dutch Shell on a natural gas venture around the southern oil hub of Basra for six months from March 2010, Iraq's oil minister told Reuters on Sunday.

Published 08 Mar, 2010 12:00am

King stresses Saudi 'moderate' oil policy

Saudi Arabia's King Abdullah said on Sunday that the oil giant would maintain its moderate policies which had helped limit the damage of the global financial crisis. "The kingdom has continued to be moderate in its approach to the global oil situation," A

Published 08 Mar, 2010 12:00am

UK's Darling denies spending doubts hitting pound

British finance minister Alistair Darling denied on Sunday that a lack of clarity over public spending cuts or fears over a possible indecisive election were affecting sterling or other markets.

Published 08 Mar, 2010 12:00am

Iran faces steep gasoline troubles

A senior Iranian oil official said Sunday that increased gasoline rationing imposed late last year has failed to reduce domestic demand, an acknowledgement that reflects the OPEC nation's economic struggles as it faces possible new sanctions.

Published 08 Mar, 2010 12:00am

Germany mulling 'European IMF'

Europe needs an institution similar to the International Monetary Fund to combat situations such as the Greek fiscal crisis, Germany's finance minister was quoted as saying Sunday.

Published 08 Mar, 2010 12:00am

Toyota could start new US plant in June 2011

Toyota Motor Corp will start operating its new plant in Mississippi as early as June 2011, the Tokyo Shimbun newspaper said on Sunday, as the Japanese automaker works to regain trust in the United States.

Published 08 Mar, 2010 12:00am

Greek Prime Minister seeks French support for debt measures

Greek Prime Minister George Papandreou on Sunday sought French support after Athens adopted new austerity measures to steer the debt-crippled country away from financial ruin. Following talks in Berlin, Papandreou travelled to Paris where he could expect

Published 08 Mar, 2010 12:00am

Greek Prime Minister seeks French support for debt measures

Greek Prime Minister George Papandreou on Sunday sought French support after Athens adopted new austerity measures to steer the debt-crippled country away from financial ruin. Following talks in Berlin, Papandreou travelled to Paris where he could expect

Published 08 Mar, 2010 12:00am

Dubai's DP World shares climb on equity sale report

DP World shares rose to a three-week high on Sunday after a newspaper report said it may offer new shares to shareholders and troubled parent Dubai World could sell an additional stake.

Published 08 Mar, 2010 12:00am

Dubai's DP World shares climb on equity sale report

DP World shares rose to a three-week high on Sunday after a newspaper report said it may offer new shares to shareholders and troubled parent Dubai World could sell an additional stake.

Published 08 Mar, 2010 12:00am

New local ownership rules rattle Zimbabwe business

Zimbabwe's fragile recovery could be undermined by a new local ownership law that economists say will frighten off desperately needed foreign investment. Under the law, which took effect Monday, foreign companies valued at more than 500,000 US dollars mus

Published 08 Mar, 2010 12:00am

China SAIC sees 2010 sales growth to slow

SAIC Motor Corp, China's biggest automaker, expects its sales to increase by over 10 percent this year, sharply lower than its growth in 2009, as the market slows down. SAIC, which produces cars in joint ventures with General Motors and Volkswagen in Chin

Published 08 Mar, 2010 12:00am

British economy faces 'high' risk of relapse: business group

Britain, which emerged from recession in the final quarter of 2009, faces a "high" risk of relapse, and below-average growth in the next two years, the British Chamber of Commerce warned on Sunday. "The UK economic outlook will remain highly uncertain for

Published 08 Mar, 2010 12:00am

Iceland rejects bank compensation referendum

Iceland overwhelmingly rejected a referendum Saturday to compensate Britain and the Netherlands for money lost when an Icelandic bank collapsed in 2008. Projections showed 93.1 percent voted against the proposal, with just 1.6 percent voting in favour.

Published 08 Mar, 2010 12:00am

Mexico's peso firms to six-week high

Mexico's peso firmed to a 6-week high on Friday after US employers cut a smaller than expected 36,000 jobs in February, supporting hopes of economic recovery in the United States, Mexico's top trading partner. The peso firmed 0.36 percent to 12.665 per US

Published 08 Mar, 2010 12:00am

New Zealand dollar steady above one-week lows

The New Zealand dollar steadied above one-week lows against the US dollar on Friday, pressured by reduced risk appetite and prolonged weakness against the Australian dollar.

Published 08 Mar, 2010 12:00am

CDS ban won't neuter bond market gravity on Greece

European governments are exploring ways to curb trade in credit default swaps but may have to settle for requiring greater disclosure rather than banning certain forms of speculation. France, Germany and Luxembourg say "speculators" - typically code for h

Published 08 Mar, 2010 12:00am

CDS ban won't neuter bond market gravity on Greece

European governments are exploring ways to curb trade in credit default swaps but may have to settle for requiring greater disclosure rather than banning certain forms of speculation. France, Germany and Luxembourg say "speculators" - typically code for h

Published 08 Mar, 2010 12:00am

Investors pull money from China, Europe stocks: EPFR

Policy risks and investor fears about Greece's debt problems caused investors to pull money out of Chinese and European equity funds last week, while global bond funds raked in the biggest inflow in more than a decade, EPFR Global said on Friday.

Published 08 Mar, 2010 12:00am

Investors pull money from China, Europe stocks: EPFR

Policy risks and investor fears about Greece's debt problems caused investors to pull money out of Chinese and European equity funds last week, while global bond funds raked in the biggest inflow in more than a decade, EPFR Global said on Friday.

Published 08 Mar, 2010 12:00am

London investors look to extend rally

The British stock market should manage more gains after striking its highest levels since before the spectacular collapse of US investment bank Lehman Brothers in 2008. The market's FTSE 100 index of leading shares rose 4.6 percent over the past five days

Published 08 Mar, 2010 12:00am

BR Properties IPO raises $597 million

Brazilian real estate developer BR Properties and its shareholders said on Thursday the company's initial public offering raised 1.07 billion reais ($597 million), but fell short of expectations. Shares in the offering were priced at 13 reais, below the e

Published 08 Mar, 2010 12:00am

BR Properties IPO raises $597 million

Brazilian real estate developer BR Properties and its shareholders said on Thursday the company's initial public offering raised 1.07 billion reais ($597 million), but fell short of expectations. Shares in the offering were priced at 13 reais, below the e

Published 08 Mar, 2010 12:00am

Dubai bourse revises new tick system for stocks

Dubai Financial Market, the Arab world's only listed exchange, will revise changes to the way it lists stocks, it said in an emailed statement on Sunday. In an abrupt u-turn, the bourse said only stocks worth less than 1 dirham would trade to three decima

Published 08 Mar, 2010 12:00am

Rising dollar turns tide to US-focused stocks

The US dollar, long a friend to US stocks with high exposure to international markets as the greenback remained weak, has turned into a headwind as the currency's fortunes have reversed, and companies with big overseas revenues are feeling it in the stock

Published 08 Mar, 2010 12:00am

JGB futures hit two-month high

Japanese government bond futures hit a two-month high on Friday after the Nikkei newspaper reported the Bank of Japan has begun examining a further easing of its monetary policy, sparking broad bond buying.

Published 08 Mar, 2010 12:00am

JGB futures hit two-month high

Japanese government bond futures hit a two-month high on Friday after the Nikkei newspaper reported the Bank of Japan has begun examining a further easing of its monetary policy, sparking broad bond buying.

Published 08 Mar, 2010 12:00am

HSBC prices A$1.5 billion five-year bonds at 125BP

HSBC Bank has priced A$1.5 billion ($1.35 billion) of five-year bonds at 125 basis points (BP) over swap and BBSW, it said on Friday, the second foreign bank to tap Australia this week after a near three-year absence. The offer was also the largest non-tr

Published 08 Mar, 2010 12:00am

HSBC prices A$1.5 billion five-year bonds at 125BP

HSBC Bank has priced A$1.5 billion ($1.35 billion) of five-year bonds at 125 basis points (BP) over swap and BBSW, it said on Friday, the second foreign bank to tap Australia this week after a near three-year absence. The offer was also the largest non-tr

Published 08 Mar, 2010 12:00am

Tokyo equities may get central bank boost

Japanese shares could rally if US employment figures beat market expectations and if there is evidence that the Bank of Japan will take fresh steps to shore up the fragile recovery. The yen's recent fall against the dollar may also boost earning prices, a

Published 08 Mar, 2010 12:00am

Sri Lankan shares hit a record high

Sri Lanka's shares hit a record high this week to make the market the top performer in Asia after a meteoric 2009 when the index soared 125 percent. But the rise is not proving attractive to foreign investors. They have been net sellers of the market sinc

Published 08 Mar, 2010 12:00am

Iran to start offering bonds of one billion euro on March 9

Iran will start offering bonds worth a total of 1 billion euros ($1.36 billion) from tomorrow (March 9) to help fund development of its energy sector, the Oil Ministry's website SHANA reported on Sunday. It would represent a rare bid by the Islamic Republ

Published 08 Mar, 2010 12:00am

Iran to start offering bonds of one billion euro on March 9

Iran will start offering bonds worth a total of 1 billion euros ($1.36 billion) from tomorrow (March 9) to help fund development of its energy sector, the Oil Ministry's website SHANA reported on Sunday. It would represent a rare bid by the Islamic Republ

Published 08 Mar, 2010 12:00am

Wall Street's high ride on jobs data faces rails

Wall Street heads into packing a better-than-expected February jobs report that has fired up visions of stronger economic recovery that could prove a turning point for equities. The Labour Department's monthly report revealed on Friday that Mother Nature'

Published 08 Mar, 2010 12:00am

More than 200 dead in Nigeria violence: reporter

More than 200 bodies many of them women and children lay in the streets of a central Nigerian town after a renewed spate of Christian-Muslim violence, witnesses said Sunday, just months after religious violence tore through a nearby city and left hundreds

Published 08 Mar, 2010 12:00am

Chile mourns quake dead

Quake-hit Chile began three days of mourning Sunday for the hundreds killed in last week's disaster with flags lowered across the country in tribute to the dead. Eight days after the 8.8-magnitude earthquake, officials have almost halved the initial death

Published 08 Mar, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	157.10
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.25
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
India Sensex / Dec 23	78,540.17
Tokyo Nikkei / Dec 23	39,055.35
Nasdaq / Dec 23	19,764.89
Hang Seng / Dec 23	20,105.38
FTSE 100 / Dec 23	8,102.72
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77

Item	Value
Crude Oil USD/Barrel / Dec 23	69.60
Karachi Cotton PKR/37.32 KG / Dec 23	17,785
Gold 10 Grams PKR / Dec 23	241,087.80
Gold Spot USD/Ounce / Dec 23	2,617.29
Cotton US¢/pound / Dec 23	69.11
Petrol/Litre / Dec 24	252.10

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

Most Popular