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Print - 2010-04-15
Daimler forecasts sales twice as strong as global market

Daimler forecasts sales twice as strong as global market

German automaker Daimler said Wednesday it expected sales to accelerate twice as fast as the global car market this year after a punishing 2009. "Our sales objective is of course ambitious but realistic: we want to grow twice as fast as the global automob
Published 15 Apr, 2010 12:00am
17 Indian fishermen arrested

17 Indian fishermen arrested

Seventeen Indian fishermen accused of sailing into Pakistani waters were arrested by the Pakistan Maritime Security Agency (MSA). MSA spokesman told a private news channel that 17 fishermen were arrested in the Exclusive Economic Zone (EEZ) for illegal fi
Published 15 Apr, 2010 12:00am
PML-N leader sees more investment from Turkey

PML-N leader sees more investment from Turkey

Pakistan Muslim League-Nawaz leader Hamza Shahbaz Sharif and MNA has said that the exemplary friendship between Pakistan and Turkey has opened up a new chapter of progress and prosperity for the people of both the countries. While talking to the members o
Published 15 Apr, 2010 12:00am
Appointment of law secretary: LHC issues notice to Punjab government

Appointment of law secretary: LHC issues notice to Punjab government

The Lahore High Court (LHC) here on Wednesday issued notice to the Punjab government for May 10 in a petition challenging appointment of provincial law secretary Dr Syed Abul Hassan Najmi. The petitioner Arif Raja advocate contended that incumbent secreta
Published 15 Apr, 2010 12:00am
LCCI, PITB sign MoU

LCCI, PITB sign MoU

The Lahore Chamber of Commerce and Industry Wednesday signed an MoU with Punjab Information Technology Board (PITB) aimed at improving productivity by providing tailor-made IT solutions to Small and Medium Enterprises (SMEs) in the country. The LCCI Presi
Published 15 Apr, 2010 12:00am
LCCI, PITB sign MoU

LCCI, PITB sign MoU

The Lahore Chamber of Commerce and Industry Wednesday signed an MoU with Punjab Information Technology Board (PITB) aimed at improving productivity by providing tailor-made IT solutions to Small and Medium Enterprises (SMEs) in the country. The LCCI Presi
Published 15 Apr, 2010 12:00am
HSC Annual Exams from April 27

HSC Annual Exams from April 27

The 11th and 12th Class Annual Examinations 2010 will commence from April 27. This was stated by the Chairman of the Board of Intermediate Education Karachi (BIEK), Professor Anwar Ahmed Zai, on Wednesday. He said that in the first phase starting from Apr
Published 15 Apr, 2010 12:00am
Punjab educational endowment fund conducts workshop

Punjab educational endowment fund conducts workshop

With a view to develop soft skills and leadership qualities among the Punjab Educational Endowment Fund (PEEF) scholarship holders, PEEF conducted a workshop with the volunteer support of Akhuwat and University of Central Punjab for these scholars on "Kau
Published 15 Apr, 2010 12:00am
Punjab growers, ginners and spinners unite against Sindhi counterparts

Punjab growers, ginners and spinners unite against Sindhi counterparts

The cotton growers, ginners and spinners in Punjab have joined hands against their Sindhi counterparts not sharing water and gas resources for the growth of cotton economy in Punjab. In a recent tripartite meeting of All Pakistan Textile Mills Association
Published 15 Apr, 2010 12:00am
Charges of corruption: DFO, RO, two foresters suspended

Charges of corruption: DFO, RO, two foresters suspended

Punjab Minister for Agriculture and Forests, Malik Ahmad Ali Aulakh has immediately suspended from duties District Forest Officer (DFO) Bhakkar Ilyas Bashir, Range Officer (RO) Usman and foresters Sooba Khan and Zia-ul-Haq on the charges of corruption and
Published 15 Apr, 2010 12:00am
Promotions in LHC

Promotions in LHC

The Lahore High Court (LHC) Chief Justice has promoted 22 Civil Judges-cum-Judicial Magistrates to the rank of senior civil judges.
Published 15 Apr, 2010 12:00am
Aptma concerned over gas loadshedding for textile industry

Aptma concerned over gas loadshedding for textile industry

All Pakistan Textile Mills Association (APTMA), Punjab has expressed grave concern over the gas load shedding of the textile industry and termed it detrimental to the growth of industry. A general body meeting of the APTMA Punjab held with Chairman APTMA
Published 15 Apr, 2010 12:00am
Murder of minor girl: LHC Chief Justice takes suo motu notice

Murder of minor girl: LHC Chief Justice takes suo motu notice

The Lahore High Court (LHC) Chief Justice here Wednesday took suo motu notice against murder of a minor girl Ishba Parveen after criminal assault and snatching of body of the victim girl from the protesters by Sheikhupura police.
Published 15 Apr, 2010 12:00am
GCU to participate in WDL conference

GCU to participate in WDL conference

Government College University (GCU) will represent Pakistan at the World Digital Library (WDL) Conference to be held in June in Washington, United States. As many as 64 WDL partner institutions from 41 countries will take part in the deliberations at the
Published 15 Apr, 2010 12:00am
Trade imbalance

Trade imbalance

The trade balance of the country continues to be in the red. According to the latest data released by the Federal Bureau of Statistics (FBS), on 12th April, exports of the country during March, 2010, at $1.807 billion, were higher by 37.78 percent than $1
Published 15 Apr, 2010 12:00am
Power outages that create power vacuum

Power outages that create power vacuum

The industrialists, traders and businessmen who called on Nawaz Sharif, in Lahore on Sunday, and apprised him of their mounting problems in the face of persisting electricity outages must be very good-natured, disciplined people. What they heard in return
Published 15 Apr, 2010 12:00am
Viewpoint: All about a name

Viewpoint: All about a name

The persistence, bordering on blackmail, with which the ANP pressured the Constitutional Reform Committee to rename NWFP has created a bigger issue than the one it thought it had resolved. Hindko speakers of the Hazara belt have been up in arms ever since
Published 15 Apr, 2010 12:00am
Nuclear security summit

Nuclear security summit

These days nuclear matters are on the centre stage of international affairs. America's 'Nuclear Posture Review' (NPR) and signing of 'Nuclear Arms Treaty' between the US and Russia has set the wheel in motion for the far more trickier event of 'Nuclear Se
Published 15 Apr, 2010 12:00am
Obama dispels old fears at 'New Europe' summit

Obama dispels old fears at 'New Europe' summit

After the United States and Russia signed a new arms control treaty this week, President Barack Obama held his own "New Europe" summit in Prague to reassure the former Eastern Bloc countries that they had nothing to fear from his reset in ties with Russia
Published 15 Apr, 2010 12:00am
Change in US stance

Change in US stance

There has been a massive shift in the US stance towards the Muslim community as the latest US decision to remove religious terminologies such as 'Islamic extremism', 'Jihad', 'Islamo-Facism' and many more, which have for a long time now been blatantly and
Published 15 Apr, 2010 12:00am
Image of Pakistan

Image of Pakistan

Terrorism and corruption has already dented our image as a nation. A recent news item, referred to a 'fake' video, showing Taliban flogging a Swat girl, has further ruined our reputation, especially abroad where people have already stopped believing us. T
Published 15 Apr, 2010 12:00am
April 30 last date for postal ballot papers application

April 30 last date for postal ballot papers application

The Chief Election Commissioner has fixed the last date for receipt of applications for postal ballot papers for bye-elections to the National/Provincial Assembly constituencies No NA-167 Vehari-I NA-178 Muzaffargarh-III, PP-63 Faisalabad-XIII and PP-259
Published 15 Apr, 2010 12:00am
Brazilian consulate office may be set up in Faisalabad

Brazilian consulate office may be set up in Faisalabad

Brazilian Honorary Consulate Office is likely to be established in Faisalabad in near future. In this regard an Honorary Consul General shall be appointed from the Faisalabad Chamber of Commerce & Industry (FCCI) said Commercial Officers of Brazilian Emba
Published 15 Apr, 2010 12:00am
UAF holds four-day Quran exhibition

UAF holds four-day Quran exhibition

A four-day Quran exhibition organised by the office of the Senior Tutor, University of Agriculture, Faisalabad in collaboration with Quran Foundation Pakistan and Faisalabad Arts Council inaugurated by UAF Vice Chancellor Professor Iqrar Ahmad Khan outsid
Published 15 Apr, 2010 12:00am
Zardari for expediting ROZs legislation: US delegation meets President

Zardari for expediting ROZs legislation: US delegation meets President

A US delegation headed by David Lipton, Senior Director for International Economics of the US National Security Council, called on President Asif Ali Zardari on Wednesday and discussed matters regarding Pak-US relations, fight against militancy, economic
Published 15 Apr, 2010 12:00am
IDPs asked to get cards, financial assistance at the earliest

IDPs asked to get cards, financial assistance at the earliest

Director General Benazir Income Support Programme (BISP) NWFP/ FATA, Dr Ikram Ghani has asked internally displaced persons of Malakand and Mohmand Agency to contact the centres, established at their doorsteps to get their cards and financial assistance at
Published 15 Apr, 2010 12:00am
US MIDDAY: palladium rises, gold gains

US MIDDAY: palladium rises, gold gains

US palladium futures rose to a two-year high on Wednesday, ending 5 percent higher, as the popular US exchange traded funds took physical metals off the market. COMEX June gold settled up $6.20 at $1,159.60 an ounce. Range $1,151 to $1,162.80. Bullion sup
Published 15 Apr, 2010 12:00am
US MIDDAY: copper higher

US MIDDAY: copper higher

US copper futures rose early on Wednesday, maintaining momentum above the $3.60 per lb level, after strong quarterly earnings and upbeat economic data improved risk sentiment and underscored recovery optimism. Copper for May delivery ended up 1.00 cent at
Published 15 Apr, 2010 12:00am
US MIDDAY: corn and soya up; wheat down

US MIDDAY: corn and soya up; wheat down

Chicago Board of Trade grains and soya complex closing trends on Wednesday. May wheat down 1-1/4 cents at $4.74-3/4 a bushel. Profit-taking after the technical short-covering bounce on Tuesday. Plentiful supply of wheat continues to act as an anchor on th
Published 15 Apr, 2010 12:00am
Gold rises in London

Gold rises in London

Gold rose on Wednesday as the dollar dipped after Singapore effectively revalued its currency, and as upbeat US corporate earnings boosted appetite for currencies seen as higher risk. The Singapore move was viewed as a mark of confidence in the economic r
Published 15 Apr, 2010 12:00am
Oil gains over two percent

Oil gains over two percent

Oil prices rallied more than 2 percent on Wednesday as a surprise drawdown in US crude inventories and economic optimism sparked fresh buying and ended a five-day losing streak. US crude gained $1.79, or 2.1 percent - the biggest percentage gain since Mar
Published 15 Apr, 2010 12:00am
Copper rises toward $8,000 level

Copper rises toward $8,000 level

Copper rose towards the psychological $8,000 level on Wednesday, in tandem with a weaker dollar, with positive quarterly earnings boosting sentiment towards riskier assets - including some key commodities. Official growth data from China, the world's top
Published 15 Apr, 2010 12:00am
Liffe sugar surges

Liffe sugar surges

May white sugar ended $11.10 higher at $547.70 per tonne on Wednesday. Market supported by expected strong Russian imports during May and demand from Pakistan. Main short-term focus is the expiry of the May contract on Thursday. July cocoa on Liffe ended
Published 15 Apr, 2010 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures settled lower Wednesday on sales by small investors as the market was pinned in a band and shows little sign of staging a breakout any time soon, brokers said. The key May cotton contract eased 0.53 cent to end at 79.50 cents per lb, dealin
Published 15 Apr, 2010 12:00am
FTSE hits 22-month high

FTSE hits 22-month high

Britain's top share index hit a 22-month closing high Wednesday, as solid results from J.P. Morgan and Intel and strong US retail sales lifted hopes that a recovery in the world's biggest economy is gaining momentum. The FTSE 100 closed up 34.59 points, o
Published 15 Apr, 2010 12:00am
European stocks climb

European stocks climb

European stocks hit an 18-month closing high on Wednesday, as forecast-beating results from J.P. Morgan and Intel and solid US retail sales brightened the prospect for economic recovery. The FTSEurofirst 300 index of top European shares closed 0.6 percent
Published 15 Apr, 2010 12:00am
Wednesday's afternoon trade: S&P tops 1,200

Wednesday's afternoon trade: S&P tops 1,200

US stocks rose for a fifth straight day on Wednesday and the S&P 500 topped 1,200 as stronger-than-expected corporate results and March retail sales bolstered the outlook for profits. Intel Corp late Tuesday reported earnings and sales that trounced estim
Published 15 Apr, 2010 12:00am
Intel earnings data lifts most Asian shares

Intel earnings data lifts most Asian shares

A strong earnings report from US chip giant Intel boosted most Asian shares Wednesday but some traders kept to the sidelines as they awaited key economic news from the United States and China. The euro remained firm after Greece, which has secured a bailo
Published 15 Apr, 2010 12:00am
Dollar falls in London

Dollar falls in London

The dollar fell against the euro Wednesday ahead of US data and comments due from Federal Reserve chairman Federal Reserve chairman Ben Bernanke on the outlook for the world's biggest economy. The European single currency rose to 1.3639 dollars in London
Published 15 Apr, 2010 12:00am
Sterling hits seven-week high versus dollar

Sterling hits seven-week high versus dollar

Sterling hit a seven-week high against the dollar on Wednesday, boosted by solid UK economic data, with some analysts saying the prospect of a hung parliament after May's election looked to be priced in. Strong British retail sales data and a pronounced n
Published 15 Apr, 2010 12:00am
US seeks 'urgency' to new UN sanctions on Iran

US seeks 'urgency' to new UN sanctions on Iran

The United States seeks a new wave of UN sanctions on Iran "with a sense of urgency", a top US diplomat said Wednesday, while warning that even punishing measures will not sway Iran "overnight." And "the process of getting consensus" in the UN Security Co
Published 15 Apr, 2010 12:00am
Sudan ruling party offers opposition government posts

Sudan ruling party offers opposition government posts

Sudan's ruling party, in an apparent bid to heal a rift over accusations of vote fraud, said on Wednesday it would invite opposition groups to join the government if it won elections currently in progress. Sudan is four days into presidential and legislat
Published 15 Apr, 2010 12:00am
News agencies boycott Cannes conference over dispute

News agencies boycott Cannes conference over dispute

Major international news agencies Wednesday announced a boycott of a key Cannes film festival press conference due to a dispute over planned restrictions by the festival on video news-gathering. Agence France-Presse, Reuters, AP and Getty TV will not prov
Published 15 Apr, 2010 12:00am
Bombs and shootings kill six in Iraq

Bombs and shootings kill six in Iraq

Six people were killed, including an Iraqi counter-terrorism officer and two soldiers, and 13 wounded in a number of bombings and shootings in Iraq on Wednesday, officials said. One person was killed and six hurt when a bomb exploded in a sports shop in B
Published 15 Apr, 2010 12:00am
Iran complains to UN over Obama 'nuclear blackmail'

Iran complains to UN over Obama 'nuclear blackmail'

Iran has formally complained to the United Nations over comments by US President Barack Obama which Tehran considers to be "nuclear blackmail," the official IRNA news agency reported Wednesday. In a letter submitted to the world's top diplomatic body on T
Published 15 Apr, 2010 12:00am
Ahmadinejad tells Obama to 'fight terrorism like Iran'

Ahmadinejad tells Obama to 'fight terrorism like Iran'

President Mahmoud Ahmadinejad has urged Barack Obama to follow Tehran's example in fighting terrorism in a letter sent to his US counterpart, the Iranian leader's office said on Wednesday. "Questions like the attack on Afghanistan, the expansion of instab
Published 15 Apr, 2010 12:00am
Five dead in north Mexico plane crash

Five dead in north Mexico plane crash

Five people died when a freight plane crashed as it was about to land in the north-eastern Mexican city of Monterrey late Tuesday, local authorities said on Wednesday. The private Airbus A300-B4 crashed shortly before midnight, and pieces of the plane fel
Published 15 Apr, 2010 12:00am
Israel should sign NPT: Obama

Israel should sign NPT: Obama

US President Barack Obama on Tuesday said his administration wanted to see all countries sign the Nuclear Non-Proliferation Treaty, including Israel. At the end of a 47-nation nuclear summit that Israeli Prime Minister Benjamin Netanyahu declined to atten
Published 15 Apr, 2010 12:00am
Obama freezes US property of Somali militants

Obama freezes US property of Somali militants

US President Barack Obama Tuesday signed an executive order freezing the property in the United States of members of a group of radical Islamists "contributing to the conflict in Somalia." Obama said in his order he "declared a national emergency to deal
Published 15 Apr, 2010 12:00am
Australia arrests Chinese crewmen over reef ship

Australia arrests Chinese crewmen over reef ship

Australian authorities on Wednesday arrested and charged the master and officer on watch of the Chinese coal carrier which ran aground on the Great Barrier Reef, damaging the famous marine park. Australian Federal Police swooped on the men who were on boa
Published 15 Apr, 2010 12:00am
Bosnia approves sending troops to Afghanistan

Bosnia approves sending troops to Afghanistan

Bosnia's collective presidency agreed on Wednesday to send an infantry unit to join the Nato-led mission in Afghanistan as part of the Danish contingent, an official statement said. Sending troops to Afghanistan was one of the conditions Nato placed on Bo
Published 15 Apr, 2010 12:00am
20,000 US troops transited through Russia for Afghanistan

20,000 US troops transited through Russia for Afghanistan

Some 20,000 US troops headed for Afghanistan have travelled through Russia using cost-saving transit routes since a US-Russian aerial transit agreement was inked last year, US officials said Wednesday. "Russia is becoming a much more active operational pa
Published 15 Apr, 2010 12:00am
Thai protesters move to 'final battleground'

Thai protesters move to 'final battleground'

Thailand's "red shirt" protesters congregated in their thousands at an upmarket Bangkok shopping district on Wednesday, preparing a "final battleground" in their campaign to oust army-backed Prime Minister Abhisit Vejjajiva. About 20,000 had gathered in t
Published 15 Apr, 2010 12:00am
Kuwait sets minimum wage for first time

Kuwait sets minimum wage for first time

Kuwait on Wednesday introduced a minimum wage of 60 dinars ($208.9) a month, in a move that affects hundreds of thousands of Asian workers. The wealthy Gulf Arab state, the world's fourth largest oil exporter, depends on unskilled foreign labour for clean
Published 15 Apr, 2010 12:00am
Russia to give Kyrgyzstan $50 million in aid, credit

Russia to give Kyrgyzstan $50 million in aid, credit

Russia is to give Kyrgyzstan 20 million dollars in aid and 30 million dollars in low-interest credit after the unrest that ousted its president, Finance Minister Alexei Kudrin said Wednesday. He said the 20 million dollars would be for humanitarian aid to
Published 15 Apr, 2010 12:00am
Two killed, dozens injured in clashes in Indonesia

Two killed, dozens injured in clashes in Indonesia

Two people were killed and dozens injured in clashes in Jakarta Wednesday between security forces and people protesting at the bulldozing of a cemetery containing the remains of a Muslim scholar. Police fired tear gas, pepper bullets and water cannon to d
Published 15 Apr, 2010 12:00am
PCB to hold trainer courses at regional level

PCB to hold trainer courses at regional level

As per National Cricket Academy (NCA)'s Game Education Programme 2009-10, Pakistan Cricket Board (PCB) has planned Level-I Physical Trainer Course at regional level. The first course will be held at Lahore from May 18 to 20 followed by similar courses at
Published 15 Apr, 2010 12:00am
Pakistan's referee to supervise Norhalne Football Cup

Pakistan's referee to supervise Norhalne Football Cup

Pakistani National referee Muhammad Afzal Khan will supervise matches of 27th Norhalne Football Cup at Denmark, slated to run from 13-16 May 2010 at Nørhalne - a small village of 1700 inhabitants, situated 15-km north of Aalborg. Each team play seven matc
Published 15 Apr, 2010 12:00am
Golfers achieve milestone

Golfers achieve milestone

Golfers Asif Mirza and Muhammed Aslam Khan have achieved milestone when they got a hole in one here at the Lahore Gymkhana Golf Course. In golf, a hole in one is when a player hits the ball directly from the tee into the cup with one shot. This is most po
Published 15 Apr, 2010 12:00am
Shoaib Malik appeals against ban, fine

Shoaib Malik appeals against ban, fine

Newly-wed former Pakistan captain Shoaib Malik has appealed a ban and heavy fine imposed on him by cricket authorities, barely two days before the deadline, an official said Wednesday. "Malik's counsel Ahmed Hussain has sent his appeal against the fine an
Published 15 Apr, 2010 12:00am
Mushtaq puts faith in Afridi

Mushtaq puts faith in Afridi

Pakistan great Mushtaq Mohammad believes controversial all-rounder Shahid Afridi is the right man to "lead from the front" as they prepare to defend their World Twenty20 title. Afridi has long been one of the world's leading one-day players and his aggres
Published 15 Apr, 2010 12:00am
Michael Clarke wins Wisden award

Michael Clarke wins Wisden award

Australia vice-captain Michael Clarke has been named as one of the Wisden Almanack's Five Cricketers of the Year in the 2010 edition of cricket's 'bible'. The stylish batsman, 29, was Australia's leading run scorer in last year's Ashes with 448 runs at 64
Published 15 Apr, 2010 12:00am
Pentangular Cup shifted to Karachi

Pentangular Cup shifted to Karachi

Pentangular Cup one day cricket tournament scheduled to be played in Lahore from April 17 has been shifted to Karachi. Pakistan Cricket Board on Wednesday announced the revised match programme of the day and night matches event.
Published 15 Apr, 2010 12:00am
Indian minister under pressure over IPL controversy

Indian minister under pressure over IPL controversy

Indian minister and former high-flying UN official Shashi Tharoor was under pressure Wednesday to step down over a controversy involving the ownership of a new IPL cricket team. Junior foreign minister Tharoor has been in the eye of a storm since Sunday w
Published 15 Apr, 2010 12:00am
Swiss franc unchanged versus euro

Swiss franc unchanged versus euro

The Swiss franc traded largely unchanged against the euro on Wednesday after Greece passed its first borrowing test since euro zone leaders agreed to a potential aid package. "Yesterday we had the successful bond issuance of Greece. But the amount was fai
Published 15 Apr, 2010 12:00am
Asian currencies: Singapore dollar leads gains

Asian currencies: Singapore dollar leads gains

The Singapore dollar hit a 20-month high against the dollar on Wednesday after the central bank revalued the currency, reigniting hopes that China will soon allow the yuan to appreciate and sparking gains in other Asian currencies. The South Korean won fo
Published 15 Apr, 2010 12:00am
Australian dollar up

Australian dollar up

The Aussie jumped on Wednesday to a near decade high of NZ$1.3112 after data showed New Zealand retail sales fell the most in seven months in February, as sales at department stores and supermarkets slowed. That led many in the market to pare bets for the
Published 15 Apr, 2010 12:00am
Euro flat versus dollar

Euro flat versus dollar

The euro fell from session highs to trade flat against the dollar on Tuesday as a Greek debt auction highlighted persistent doubts about the country's credit risk and investors worried about tepid economic prospects in the euro zone. Greece passed its fir
Published 15 Apr, 2010 12:00am
Euro rises as strong Singapore data

Euro rises as strong Singapore data

The euro rose against other currencies in Asia on Wednesday after strong Singapore growth data boosted confidence in the global economy and encouraged greater risk appetite, dealers said. The euro rose to 1.3650 dollars in Tokyo afternoon trade from 1.361
Published 15 Apr, 2010 12:00am
Dollar/yuan NDFs fall

Dollar/yuan NDFs fall

Offshore dollar/yuan forwards retreated nearly across the curve on Wednesday as some hedge funds and banks continued this month's rush into speculation on yuan appreciation, but dealers warned that the short end of the forward curve is implying far too mu
Published 15 Apr, 2010 12:00am
Japanese government bonds climb

Japanese government bonds climb

Japanese government bond futures climbed on Wednesday, boosted by a rise in longer-dated US Treasuries the previous day and by buying from cross-asset traders. Gains in futures helped five-year notes, to which they are more closely linked than other matur
Published 15 Apr, 2010 12:00am
Japanese government bonds climb

Japanese government bonds climb

Japanese government bond futures climbed on Wednesday, boosted by a rise in longer-dated US Treasuries the previous day and by buying from cross-asset traders. Gains in futures helped five-year notes, to which they are more closely linked than other matur
Published 15 Apr, 2010 12:00am
Nikkei edges up

Nikkei edges up

Japan's Nikkei average rose 0.4 percent on Wednesday, inching away from two-week lows hit the day before, with chip-linked exporters boosted after Intel's sales and margin forecasts handily beat market expectations. But telecoms firm KDDI Corp weighed on
Published 15 Apr, 2010 12:00am
Hong Kong shares end flat, China index jumps

Hong Kong shares end flat, China index jumps

Hong Kong stocks ended flat on Wednesday in quiet trade as dealers awaited key economic data from mainland China later in the week, dealers said. The benchmark Hang Seng Index edged up 17.90 points to 22,121.43. Turnover was 57.96 billion Hong Kong dollar
Published 15 Apr, 2010 12:00am
Long-dated US bonds rally

Long-dated US bonds rally

Longer-dated US Treasury debt prices rose on Tuesday as investors awaited an inflation report and testimony by Fed Chairman Ben Bernanke, both of which are expected to paint a cloudy picture of the economy. Though most analysts acknowledge the economy's i
Published 15 Apr, 2010 12:00am
Long-dated US bonds rally

Long-dated US bonds rally

Longer-dated US Treasury debt prices rose on Tuesday as investors awaited an inflation report and testimony by Fed Chairman Ben Bernanke, both of which are expected to paint a cloudy picture of the economy. Though most analysts acknowledge the economy's i
Published 15 Apr, 2010 12:00am
Brazil stocks soar

Brazil stocks soar

Brazilian stocks rose on Tuesday, as gains in steel and mining companies offset drops in energy and retail shares. The benchmark Bovespa stock index added 0.25 percent to 70,792.40, a day after its worst tumble in more than three weeks. The index had spen
Published 15 Apr, 2010 12:00am
Seoul shares extend gains

Seoul shares extend gains

Seoul shares extended gains to rise 1.45 percent on Wednesday on Moody's upgrade of South Korea's sovereign ratings, with blue chip banks and techs including Samsung Electronics leading rises. "The Moody's upgrade came as a positive development and will f
Published 15 Apr, 2010 12:00am
US stocks modestly up

US stocks modestly up

US stocks eked out a gain on Tuesday as investors looked ahead to earnings from big banks and tech bellwethers, even as disappointing revenue from Alcoa Inc acted as a headwind. With the Standard & Poor's index up about 40 percent over the past year, some
Published 15 Apr, 2010 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose 0.8 percent on Wednesday, pushed up by chip makers including TSMC after world No 1 Intel's sales and margin forecasts beat expectations and raised hopes of strong demand and earnings for the sector. Improved risk appetite among investor
Published 15 Apr, 2010 12:00am
Toronto stocks decline

Toronto stocks decline

Toronto's main stock index closed lower for a second straight day on Tuesday as materials and energy shares were hit hard by slipping commodity prices and a soft earnings report from US aluminium giant Alcoa. The Alcoa report raised fears of a sluggish ec
Published 15 Apr, 2010 12:00am
South Korean bonds fall

South Korean bonds fall

South Korean government bond prices dropped on Wednesday, with strong March job data and the government's upbeat outlook for April employment conditions spurring heavy foreign selling in treasury futures. The market attempted a brief rebound after Moody's
Published 15 Apr, 2010 12:00am
South Korean bonds fall

South Korean bonds fall

South Korean government bond prices dropped on Wednesday, with strong March job data and the government's upbeat outlook for April employment conditions spurring heavy foreign selling in treasury futures. The market attempted a brief rebound after Moody's
Published 15 Apr, 2010 12:00am
Airbus names new Japan chief

Airbus names new Japan chief

European aircraft maker Airbus on Wednesday named French businessman Stephane Ginoux to head its Japanese operations. The France-based firm, part of European aerospace corporation EADS, said in a statement that Ginoux would succeed American Glen Fukushima
Published 15 Apr, 2010 12:00am
Twitter unveils advertisement plan in profit push

Twitter unveils advertisement plan in profit push

Twitter unveiled a plan Tuesday to use advertising to turn its massive popularity into profit. Biz Stone, one of the three co-founders of the micro-blogging service, provided details of the long-awaited revenue-generating plan for the San Francisco-based
Published 15 Apr, 2010 12:00am
Twitter unveils advertisement plan in profit push

Twitter unveils advertisement plan in profit push

Twitter unveiled a plan Tuesday to use advertising to turn its massive popularity into profit. Biz Stone, one of the three co-founders of the micro-blogging service, provided details of the long-awaited revenue-generating plan for the San Francisco-based
Published 15 Apr, 2010 12:00am
Apple delays world-wide release of iPad for a month

Apple delays world-wide release of iPad for a month

Apple said Wednesday it was delaying the world-wide release of the iPad for a month, until the end of May, because of heavy US demand. "Faced with this surprisingly strong US demand, we have made the difficult decision to postpone the international launch
Published 15 Apr, 2010 12:00am
Abu Dhabi names new head to leading sovereign fund

Abu Dhabi names new head to leading sovereign fund

Abu Dhabi's ruler on Wednesday named the brother of the former head of the world's largest sovereign wealth fund as its new managing director after his sibling died in a glider crash last month. Sheik Hamed bin Zayed Al Nahyan, a member of the oil-rich em
Published 15 Apr, 2010 12:00am
Azerbaijan oil fund eyes investment in equity abroad

Azerbaijan oil fund eyes investment in equity abroad

Oil-producing Azerbaijan is considering whether to begin investing in publicly traded shares abroad with cash from its $16 billion rainy-day oil fund, a senior fund official said on Tuesday. State oil fund chief investment officer Israfil Mammadov told Re
Published 15 Apr, 2010 12:00am
US, Euro banks criticised over cluster bombs

US, Euro banks criticised over cluster bombs

At least 146 financial institutions, including big name banks in the United States and Europe, are providing funding and services for producers of cluster bombs, a report said on Wednesday. The support, estimated currently at a total of $43 billion to sev
Published 15 Apr, 2010 12:00am
Zimbabwe's quarterly gold production surges

Zimbabwe's quarterly gold production surges

Zimbabwe's quarterly gold production surged to more than one and a half tonnes on the back of increased mine output, the Chamber of Mines said on Tuesday. The chamber said the country's quarterly production jumped to 1.667 tonnes, from zero production dur
Published 15 Apr, 2010 12:00am
US, Euro banks criticised over cluster bombs

US, Euro banks criticised over cluster bombs

At least 146 financial institutions, including big name banks in the United States and Europe, are providing funding and services for producers of cluster bombs, a report said on Wednesday. The support, estimated currently at a total of $43 billion to sev
Published 15 Apr, 2010 12:00am
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