News Archives for Print - 2010-04-19

JPMorgan chief warns of overregulation

The head of J. P Morgan Chase & Co in a German newspaper interview on Sunday turned against the possibility of stricter bank regulation and asked for better access for bankers to politicians.

Published 19 Apr, 2010 12:00am

Heat wave kills 80 in India

A severe heat wave sweeping India, with temperatures of almost 44 C (111 F), the highest in 52 years, has killed at least 80 people this month, officials said on Sunday. The scorching weather, which officials say would continue over northern, north-wester

Published 19 Apr, 2010 12:00am

Mugabe rejects violence as Zimbabwe celebrates independence anniversary

President Robert Mugabe on Sunday issued an unprecedented appeal for an end to politically and racially driven violence in Zimbabwe, as the nation marked 30 years of independence.

Published 19 Apr, 2010 12:00am

Sudan press urges world not to recognise election results

Sudanese independent and opposition papers on Sunday slammed the country's elections as a sham, urging the world not recognise the result of the vote they say will only preserve the status quo.

Published 19 Apr, 2010 12:00am

Japanese shares seen in tight range next week: analysts

Japanese shares may remain constrained next week with investors mulling mixed signals as to the strength of recovery in the United States, dealers said Friday. In the week to April 16, the Tokyo Stock Exchange's benchmark Nikkei-225 index lost 102.16 poin

Published 19 Apr, 2010 12:00am

EU rules threaten Swiss hedge fund strategy

EU rules to boost protection for investors in hedge funds would quash Switzerland's bid to become the place of choice for alternative investment managers, the Swiss Funds Association's head said. The Alternative Investment Fund Managers (AIFM) directive s

Published 19 Apr, 2010 12:00am

EU rules threaten Swiss hedge fund strategy

EU rules to boost protection for investors in hedge funds would quash Switzerland's bid to become the place of choice for alternative investment managers, the Swiss Funds Association's head said. The Alternative Investment Fund Managers (AIFM) directive s

Published 19 Apr, 2010 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday.

Published 19 Apr, 2010 12:00am

Stocks face hurdle with Goldman and earnings

US stocks will likely hit major speed bumps next week as the bears step up pressure following fraud charges against Goldman Sachs and earnings will need to clear a high bar to give Wall Street a reprieve. The market got a jolt on Friday as US securities r

Published 19 Apr, 2010 12:00am

London investors await crucial pre-election data

London investors will next week focus on critical data highlighting the state of Britain's economy, an issue that has taken centre stage in campaigning ahead of a general election in May. London's benchmark FTSE 100 index fell 0.47 percent over the past w

Published 19 Apr, 2010 12:00am

Agricultural Bank of China names IPO advisers

Agricultural Bank of China has appointed Goldman Sachs, Deutsche Bank and others as advisers on its initial public offering in Hong Kong and Shanghai - likely to be the world's largest. Along with Goldman Sachs and Deutsche Bank, the Chinese bank said J.

Published 19 Apr, 2010 12:00am

Record inflation-linked bond supply seen in 2010

The euro zone inflation-linked bond market is set to make a comeback in 2010 with supply seen doubling to a record, recovering from the shock of the financial crisis as economic revival banishes deflation fears. Gross issuance of inflation-protected bonds

Published 19 Apr, 2010 12:00am

Record inflation-linked bond supply seen in 2010

The euro zone inflation-linked bond market is set to make a comeback in 2010 with supply seen doubling to a record, recovering from the shock of the financial crisis as economic revival banishes deflation fears. Gross issuance of inflation-protected bonds

Published 19 Apr, 2010 12:00am

Earnings bets and Greece's debts

Corporate earnings have been so positive during the early days of the first quarter reporting season that investors have ridden global equities to new highs and pushed volatility down sharply. They have, however, also increased their expectations for earn

Published 19 Apr, 2010 12:00am

Earnings bets and Greece's debts

Corporate earnings have been so positive during the early days of the first quarter reporting season that investors have ridden global equities to new highs and pushed volatility down sharply. They have, however, also increased their expectations for earn

Published 19 Apr, 2010 12:00am

Cheap health stocks seen outpacing other sectors

Healthcare stocks are poised to outpace the broader market for the rest of the year after a rough start, as investors find the cheap valuations irresistible. The Standard & Poor's Health Care Sector index had risen only 1.6 percent this year through Thurs

Published 19 Apr, 2010 12:00am

South Africa foreign exchange control move positive: Standard Bank

The South African Reserve Bank's easing on regulations on currency controls will allow investors to better manage market volatility, Standard Bank said on Sunday. The central bank has relaxed administration on exchange controls for hedging on over-the-cou

Published 19 Apr, 2010 12:00am

European stocks fall hard on Goldman fraud charge

European stock markets suffered sharp losses Friday on news US authorities had charged investment firm Goldman Sachs with fraud in the sale of a complex mortgage security similar to those blamed for the sub-prime mortgage debacle. London's benchmark FYSE

Published 19 Apr, 2010 12:00am

Asian currencies to gain from yuan revaluation, say analysts

Speculation of an imminent yuan revaluation has boosted other Asian currencies against the dollar recently, reflecting the region's world-leading recovery from recession, say analysts. With a move by Beijing to let the yuan appreciate against the dollar s

Published 19 Apr, 2010 12:00am

Al-Rajhi, other Saudi banks' profits up

Al-Rajhi Bank, the largest listed bank in the Middle East, and small lender Bank AlJazira saw quarterly profit slip below forecasts due to provisions, depressing Saudi shares. The two lenders are the latest banks in the top oil exporter to post lower prof

Published 19 Apr, 2010 12:00am

Dutch trading platform TOM sees full operation soon

Dutch company TOM expects to launch its multilateral share trading facility (MTF) by the summer by accepting new members in addition to owners BinckBank and Optiver, its chief executive said.

Published 19 Apr, 2010 12:00am

Etisalat's first quarter net profit falls 8.5 percent

Emirates Telecommunications Corp (Etisalat) posted on Sunday a decline of 8.5 percent in first-quarter net profit to 1.99 billion dirhams ($541.9 million), below analysts expectations. Etisalat made a net profit of 2.18 billion dirhams in the first quarte

Published 19 Apr, 2010 12:00am

Etisalat's first quarter net profit falls 8.5 percent

Emirates Telecommunications Corp (Etisalat) posted on Sunday a decline of 8.5 percent in first-quarter net profit to 1.99 billion dirhams ($541.9 million), below analysts expectations. Etisalat made a net profit of 2.18 billion dirhams in the first quarte

Published 19 Apr, 2010 12:00am

Etihad to launch flights to Baghdad

Abu Dhabi's national carrier, Etihad Airways, on Sunday announced plans to launch weekly flights to war-ravaged Iraq starting from April 26. "Etihad will operate five return services per week to Baghdad," operated by Airbus A320 aircraft, the company said

Published 19 Apr, 2010 12:00am

China offers $20 billion financing to Venezuela

Venezuelan President Hugo Chavez said on Saturday that China was providing his nation with a long-term, $20 billion financing plan for major projects in the South American oil-exporter.

Published 19 Apr, 2010 12:00am

Qatargas awards gas recovery contract to Fluor

Qatar's liquefied natural gas (LNG) producer Qatargas has awarded US Fluor Corp a deal on a $1 billion project to capture gas burnt off when ships load LNG, Qatargas said in a statement. The project at Qatar's industrial port of Ras Laffan would collect b

Published 19 Apr, 2010 12:00am

Iran to sell two million tonnes of wheat to three Arab nations

Iran will export 2 million tonnes of wheat to three Arab countries in May after a halt lasting three years, the official IRNA news agency quoted a senior official as saying on Sunday.

Published 19 Apr, 2010 12:00am

Russia wary of spot gas impact on long-term deals

Gas producers should work together to limit the impact of spot sales on their long-term deals, top gas exporter Russia said on Sunday. A glut in global gas supplies has depressed prices in spot markets, so consumers have looked to reduce what they purchas

Published 19 Apr, 2010 12:00am

China trade pact will lead to more FTAs: Taiwan

Taiwan's economic minister has said that signing a trade pact with Beijing will prompt other countries to seal free trade agreements with the island, according to a report Sunday.

Published 19 Apr, 2010 12:00am

Saudi SABIC sees steel leading second quarter profit growth

Saudi Basic Industries Corp expects higher steel prices and new petrochemical units to deliver a second-quarter net profit above the $1.45 billion it made in the first quarter. The world's biggest chemical firm by market value saw net profit during the fi

Published 19 Apr, 2010 12:00am

Shareholders of Egypt's Pioneers approve takeover

Shareholders of Egypt's Pioneers Holding and Beltone Financial approved a plan for Pioneers to take over Beltone, the two companies said in statements released by the stock exchange on Sunday. Pioneers's board of directors also approved a 0.05 Egyptian po

Published 19 Apr, 2010 12:00am

Yousuf says he has left the matter to Allah Almighty

Former Pakistan cricket captain Mohammad Yousuf has not appealed against a ban imposed on him by cricket authorities, leaving the punishment to attain finality, officials said Saturday.

Published 19 Apr, 2010 12:00am

Aussie cricket bosses to monitor Indian security

Cricket Australia said Sunday it would monitor the security situation in India after bomb blasts at an Indian Premier League match but said it was too soon to draw conclusions about the World Cup. At least eight people were injured Saturday when two bombs

Published 19 Apr, 2010 12:00am

Arsenal shattered by astonishing Wigan fightback

Arsenal's faint hopes of winning the Premier League title were finally killed off when Wigan Athletic scored three goals in the last 10 minutes to snatch a dramatic 3-2 victory on Sunday. Arsenal, lifted by Chelsea's defeat at Tottenham Hotspur on Saturda

Published 19 Apr, 2010 12:00am

'IPL bomb attack Commonwealth Games not under threat'

Australian Commonwealth Games chief Perry Crosswhite said the bomb attack that injured at least eight people at a weekend Indian Premier League cricket match was not a direct threat to October's Games in New Delhi.

Published 19 Apr, 2010 12:00am

Manchester United suitor to lay out plan to investors: source

Wealthy supporters trying to mount a bid for English soccer club Manchester United will this week lay out their plans to a group of about 50 potential investors, a person familiar with the matter said on Sunday.

Published 19 Apr, 2010 12:00am

Martinez beats Pavlik to win middleweight titles

Sergio Martinez of Argentina recovered from a knockdown to defeat champion Kelly Pavlik and win the WBO and WBC middleweight titles in Atlantic City on Saturday. Martinez was knocked down in the seventh round but recovered to inflict a cut above Pavlik's

Published 19 Apr, 2010 12:00am

Bute defends title by stopping Miranda

Unbeaten Lucian Bute kept his International Boxing Federation super middleweight title on Saturday by stopping Puerto Rican Edison Miranda in the third round with a powerful left uppercut. Seconds after Romanian-born Bute had landed a flurry and Miranda h

Published 19 Apr, 2010 12:00am

Twenty20 squad: Sami and Irfan replace Umar Gul, Yasir Arafat

Two changes have been made in Pakistan cricket team for the forthcoming Twenty 20 World Cup. Fast bowlers Mohammad Sami and Mohammad Irfan have replaced unfit Umar Gul and Yasir Arafat who have not recovered yet from their injuries. This was stated by coa

Published 19 Apr, 2010 12:00am

Yang wins China Open

Yang Yong-eun let his nerves get the best of him on Sunday, but only after the South Korean completed a two-shot victory at the China Open.

Published 19 Apr, 2010 12:00am

Nadal regains clay crown with Monte Carlo win

Rafael Nadal charged back to clay-court supremacy with overwhelming force on Sunday, crushing Fernando Verdasco 6-0, 6-1 to claim an unprecedented sixth straight title at the Monte Carlo Masters. The Spaniard also ended a personal dry spell as he charged

Published 19 Apr, 2010 12:00am

Button wins in McLaren one-two triumph

Defending champion Jenson Button Sunday delivered a perfectly judged drive in treacherous wet conditions to win a dramatic Chinese Grand Prix ahead of his McLaren team-mate Lewis Hamilton.

Published 19 Apr, 2010 12:00am

Champions League matches to go ahead despite travel chaos

This week's Champions League semi-finals between Inter Milan and Barcelona and Bayern Munich and Olympique Lyon will go ahead despite the disruption to European air travel caused by the volcanic ash cloud, UEFA said.

Published 19 Apr, 2010 12:00am

Germany to extend job subsidies to end March 2012

Top politicians from Chancellor Angela Merkel's conservatives and their Free Democrat (FDP) coalition partners have agreed to extend Germany's part time work scheme to help stop job losses until the end of March 2012.

Published 19 Apr, 2010 12:00am

Oil price rise not due to tight supply: Qatar

The recent rise in oil prices was not caused by a shortage of supply, Qatar's Energy Minister Abdullah al-Attiyah said on Sunday. Crude prices hit an 18-month high of $87.09 a barrel on April 6, although they have since slipped to just under $83.

Published 19 Apr, 2010 12:00am

Algeria sees no scope for OPEC to curb oil prices

Algerian Energy Minister Chakib Khelil said on Saturday he believed OPEC could do nothing at this stage to restrain rising oil prices, despite concerns the high cost of energy could hurt the economic recovery.

Published 19 Apr, 2010 12:00am

EU probes economic fallout from travel chaos

Europe on Sunday ordered a probe into billions of euros potentially lost since an Icelandic volcano erupted, prompting the biggest airspace shutdown since World War II.

Published 19 Apr, 2010 12:00am

Brown wants investigation into Goldman Sachs

Prime Minister Gordon Brown said on Sunday he wanted Britain's financial watchdog to investigate US bank Goldman Sachs after it was charged with fraud by US regulators. Brown, who is fighting an election campaign, piled pressure on Wall Street's most powe

Published 19 Apr, 2010 12:00am

Saudis seek to abolish customs duty: SABIC

Saudi authorities are seeking to abolish a 5 percent customs duty on steel imports to counter a deficit in domestic supply, the head of the kingdom's biggest steel producer said on Sunday.

Published 19 Apr, 2010 12:00am

Capital gain boosts Saudi Savola's first quarter net profit

Saudi-based Savola Group on Sunday beat average analyst forecasts by doubling net profit during the first quarter, helped by non-recurring capital gains. Savola also said one of its former chief executives and the current head of its edible oil firm Afia,

Published 19 Apr, 2010 12:00am

Capital gain boosts Saudi Savola's first quarter net profit

Saudi-based Savola Group on Sunday beat average analyst forecasts by doubling net profit during the first quarter, helped by non-recurring capital gains. Savola also said one of its former chief executives and the current head of its edible oil firm Afia,

Published 19 Apr, 2010 12:00am

Debt crisis a shocking wake-up call for Greeks

The debt crisis rocking their country has brought Greeks to the startling realisation that life could irreversibly change as their government ponders seeking outside help with its loans. Less than a decade ago, Greeks joined a newly-minted, powerful singl

Published 19 Apr, 2010 12:00am

Geithner confident on US financial overhaul

US Treasury Secretary Timothy Geithner on Sunday expressed confidence that lawmakers will bridge partisan differences on the overhaul of financial regulations and pass a bill that protects taxpayers from financing future bailouts.

Published 19 Apr, 2010 12:00am

Muslim nations 'laughing' at EU woes: WIFE

Muslim nations are "laughing" at European efforts to grapple with a debilitating debt crisis in Greece, which has serious ramifications for the world's biggest open mmarket, the head of the World Islamic Economic Forum has said.

Published 19 Apr, 2010 12:00am

Volcano cloud pushes European airlines to the brink: analysts

The volcanic ash hanging over Europe has mushroomed into a dark 1.5 billion dollar cloud with no hope of a silver lining, analysts warned. Airlines and other travel industry sectors already face a bill of more than 1.2 billion euros (1.5 billion dollars)

Published 19 Apr, 2010 12:00am

Studies show more evidence of water on moon, Mars

Ice deposits at least 6 feet thick can be found in some small craters on the moon, researchers reported on April 12, in one of two studies showing more evidence of water on the moon and Mars.

Published 19 Apr, 2010 12:00am

Taliban say buildup under way

The Taliban are moving fighters into Kandahar, planting bombs and plotting attacks as Nato and Afghan forces prepare for a summer showdown with insurgents, according to a Taliban commander with close ties to senior insurgent leaders.

Published 19 Apr, 2010 12:00am

Top general says US withdrawal from Iraq on track

The planned withdrawal of nearly 45,000 US troops from Iraq by the end of August is on track in spite of a recent increase in attacks by militant forces, the top US military commander in Iraq said Sunday. Army General Ray Odierno said that al Qaida's stre

Published 19 Apr, 2010 12:00am

Gas exporters strive for fair prices

The eleven countries in the Gas Exporting Countries Forum due to meet Monday in Algeria are determined to confront the drop in gas prices, Russia's energy minister said Sunday. "We will discuss how to reach a fair price for gas. The member countries in th

Published 19 Apr, 2010 12:00am

One US soldier dead, three injured in Iraq crash

A US soldier was killed and three were injured when their helicopter crashed in northern Iraq late on Saturday evening, the US military said on Sunday. In a brief statement, the military said the incident had not been attributed to enemy fire and was unde

Published 19 Apr, 2010 12:00am

Nato soldier killed by bomb in southern Afghanistan

A foreign soldier in Afghanistan fighting the Taliban insurgency has been killed by a roadside bomb in the most volatile part of the country, Nato said Sunday.

Published 19 Apr, 2010 12:00am

More than 100 die in week of Afghan violence

More than 100 people including dozens of civilians were killed in violence related to Afghanistan's ongoing war against the Taliban in the past week, authorities said Sunday. The interior ministry registered about 144 insurgency-related incidents - mostly

Published 19 Apr, 2010 12:00am

Record production of wheat expected: chief minister Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif has said that by the grace of Almighty Allah and due to hard work of farmers, record production of wheat is expected. He said that despite severe weather condition, Allah Almighty has saved the wheat crop.

Published 19 Apr, 2010 12:00am

The Weather

The weather report on Sunday (April 18, 2010) and the forecast for Monday (April 19, 2010).

Published 19 Apr, 2010 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2009)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 19 Apr, 2010 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 12 to 17, 2010).

Published 19 Apr, 2010 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices for week ended April 15, 2010.

Published 19 Apr, 2010 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices for week ended April 15, 2010.

Published 19 Apr, 2010 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices for week ended April 15, 2010.

Published 19 Apr, 2010 12:00am

Bank: HABIB METROPOLITAN BANK LIMITED - Analysis of Financial Statements Financial Year 2005 - Financial Year 2009

Habib Metropolitan Bank Limited (HMB), was incorporated in Pakistan as a public listed company in 1992 under the name, Metropolitan Bank Limited. The bank commenced full scheduled commercial banking operations in October 1992.

Published 19 Apr, 2010 12:00am

Bank: HABIB METROPOLITAN BANK LIMITED - Analysis of Financial Statements Financial Year 2005 - Financial Year 2009

Habib Metropolitan Bank Limited (HMB), was incorporated in Pakistan as a public listed company in 1992 under the name, Metropolitan Bank Limited. The bank commenced full scheduled commercial banking operations in October 1992.

Published 19 Apr, 2010 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 19 Apr, 2010 12:00am

ANC's youth leader to be disciplined

Julius Malema, the outspoken youth leader of South Africa's ruling ANC, will face a disciplinary hearing for bringing the party into disrepute, two weeks after being rebuked by the president, local media said.

Published 19 Apr, 2010 12:00am

Poland buries president

Nearly 100,000 grieving Poles packed Krakow Sunday for the burial of president Lech Kaczynski and his wife beside ancient kings and heroes, though Europe's air travel crisis kept many world leaders away.

Published 19 Apr, 2010 12:00am

UK Conservatives win some public workers for vote

Some public sector workers are switching support to the opposition Conservatives in Britain's May 6 election despite the huge extra resources the ruling Labour Party has poured into education and health.

Published 19 Apr, 2010 12:00am

Somalia violence kills 14

A landmine blast in the Somali capital Mogadishu killed eight people, and mortar rounds fired by insurgents at the city airport as the president returned killed six, eyewitnesses and medics said on Sunday.

Published 19 Apr, 2010 12:00am

Hardliner ahead in northern Cypriot vote-results

Dervis Eroglu, a backer of Turkish Cypriot independence, was leading Sunday's presidential vote in northern Cyprus, results showed, which could slow talks to reunify the island and bury Turkey's hopes to join the EU.

Published 19 Apr, 2010 12:00am

Bangladesh to sign nuclear plant deal with Russia

Bangladesh will sign a deal with Russia to build two nuclear power plants at a cost of at least three billion dollars in the electricity-starved Asian nation, Dhaka's atomic energy chief said Sunday.

Published 19 Apr, 2010 12:00am

Two Palestinians killed in Gaza blast: medics

Two Palestinians have been killed in what appeared to be an accidental explosion in the Gaza Strip near the border with Israel, medics said. Muawiya Hassanein, the head of Gaza emergency services, said Ayman Abu Khawsa and Naji al-Nabahin, both in their 2

Published 19 Apr, 2010 12:00am

Japan boosting intelligence on Chinese military

Japan is boosting its intelligence resources devoted to China's growing military, which it considers the top national security concern, the business daily Nikkei reported Sunday. The defence ministry-affiliated National Institute for Defence Studies (NIDS

Published 19 Apr, 2010 12:00am

Australia to move asylum-seekers to military base

Australia said on Sunday it would move some foreign boatpeople away from a crowded island detention centre and fly them to a military base on the mainland. Immigration Minister Chris Evans said the decision followed a recent decision to suspend visa proce

Published 19 Apr, 2010 12:00am

Cheap antifungal drug may fight cancer

A common antifungal drug can slow tumours growing in mice and should be investigated as a potentially cheap and easy way to fight cancer in people, researchers reported. Although it did not completely wipe out the tumours, the drug called itraconazole may

Published 19 Apr, 2010 12:00am

Sugary foods linked to heart attack risk in women

Women who consume large amounts of certain high-carbohydrate foods increase their risk of heart disease, a study said. The study showed an increased incidence of coronary disease in women - but not men - whose diet is rich in foods with a "high glycemic i

Published 19 Apr, 2010 12:00am

Intel net profit up nearly four-fold

Intel, the world's biggest computer chip maker, said on April 13 that first quarter net profit rose nearly four-fold to 2.4 billion dollars. The Santa Clara, California-based technology bellwether said revenue rose by 44 percent to 10.3 billion dollars in

Published 19 Apr, 2010 12:00am

Goldman fraud charges trigger prospect of wider crackdown

Wall Street giant Goldman Sachs faced charges of financial fraud on April 17, as US financial firms eyed the prospect of a wider crackdown on those that bet on the collapse of the housing market.

Published 19 Apr, 2010 12:00am

Japan Post Insurance to seek higher returns

Japan Post Insurance will invest $3.2 billion more in regional and corporate bonds this financial year than last and plans to pick up domestic stocks to win higher returns, a senior company official said. State-owned Japan Post's insurance arm, which hold

Published 19 Apr, 2010 12:00am

General Electric could face more charges from former Japan unit

General Electric Co could be on the hook to Shinsei Bank Ltd for more charges related to its former Japanese consumer finance arm, but the arrangement is not typical of businesses the largest US conglomerate has sold, GE's chief financial officer said.

Published 19 Apr, 2010 12:00am

French state bank eyes infrastructure abroad

French state-owned bank Caisse des Depots is looking at infrastructure investments abroad following its acquisition of a stake in a Norwegian pipeline, the head of its new infrastructure fund said. Caisse des Depots (CDC) has already invested in several i

Published 19 Apr, 2010 12:00am

Abu Dhabi names new head of world's top wealth fund

Sheikh Hamed bin Zayed al-Nahayan has been named to head the Abu Dhabi Investment Authority, the world's largest sovereign wealth fund, official news agency WAM said on April 14. The appointment follows the death of ADIA's former managing director and his

Published 19 Apr, 2010 12:00am

Abu Dhabi names new head of world's top wealth fund

Sheikh Hamed bin Zayed al-Nahayan has been named to head the Abu Dhabi Investment Authority, the world's largest sovereign wealth fund, official news agency WAM said on April 14. The appointment follows the death of ADIA's former managing director and his

Published 19 Apr, 2010 12:00am

Standard Chartered Kenya looks to keep profit growth

Standard Chartered Bank of Kenya is targeting last year's sector-leading profit growth but it is too early to tell how the full year will pan out, its chief executive said on April 16. Ranked the third largest bank in the east African nation by assets, St

Published 19 Apr, 2010 12:00am

Standard Chartered Kenya looks to keep profit growth

Standard Chartered Bank of Kenya is targeting last year's sector-leading profit growth but it is too early to tell how the full year will pan out, its chief executive said on April 16. Ranked the third largest bank in the east African nation by assets, St

Published 19 Apr, 2010 12:00am

Cisco takes aim at China

Cisco Systems Inc is poised to step up investment and acquisitions in China regardless of trade frictions between Beijing and Washington, aiming to secure its place in a tricky but pivotal market. Already the world's largest Internet and mobile phone mark

Published 19 Apr, 2010 12:00am

In Short: Twitter wants to be tool to thwart censorship

Twitter co-founders on April 14 expressed hope that the globally popular microblogging service will help thwart efforts by China to censor information in that country. "Censorship sucks," Twitter co-founder Evan Williams said during an on-stage chat on th

Published 19 Apr, 2010 12:00am

Global IT spending to rise 5.3 percent in 2010

Global IT spending will increase 5.3 percent this year to 3.39 trillion dollars, boosted by strong consumer demand for PCs and a weakening US dollar, research firm Gartner said on April 12.

Published 19 Apr, 2010 12:00am

Apple updates MacBook Pro laptops

Apple updated its line of MacBook Pro laptops on April 13, extending battery life, adding faster processors and more powerful graphic chips from Nvidia. Apple said the new Nvidia GeForce 320M graphics processor in the 13-inch MacBook Pro gives it up to 80

Published 19 Apr, 2010 12:00am

Intel net profit up nearly four-fold

Intel, the world's biggest computer chip maker, said on April 13 that first quarter net profit rose nearly four-fold to 2.4 billion dollars. The Santa Clara, California-based technology bellwether said revenue rose by 44 percent to 10.3 billion dollars in

Published 19 Apr, 2010 12:00am

Hundreds of Internet fans expected at annual tech-fest in Spain

Some 800 Internet enthusiasts from across Europe are expected to attend the four-day Campus Party, one of the world's biggest online entertainment events, which gets underway on April 14 in Spain, organisers said.

Published 19 Apr, 2010 12:00am

Earth's missing heat could haunt later

The rise in greenhouse gases in the atmosphere means far more energy is coming into Earth's climate system than is going out, but half of that energy is missing and could eventually reappear as another sign of climate change, scientists said on April 15.

Published 19 Apr, 2010 12:00am

Twitter could act as early warning system for epidemics

The micro-blogging site Twitter could act as an early warning system for epidemics, a team of experts at London's City University found in a new study published on April 13. According to a team of interdisciplinary experts, around three million messages -

Published 19 Apr, 2010 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Stock	Price
Askari Life Assur. / Jan 31 Askari Life Assurance Company Limited(ALAC)	5.74 ▲ 0.59 (11.46%)
Dewan Farooque Sp. / Jan 31 Dewan Farooque Spinning Mills Limited(DFSM)	4.49 ▲ 0.45 (11.14%)
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Sanghar Sugar / Jan 31 Sanghar Sugar Mills Limited(SANSM)	37.14 ▲ 3.38 (10.01%)
Saritow Spinning / Jan 31 Saritow Spinning Mills Limited(SSML)	17.92 ▲ 1.63 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.83 ▼ -4.52 (-9.97%)
Olympia Mills / Jan 31 Olympia Mills Limited(OML)	33 ▼ -3.56 (-9.74%)
Popular Islamic / Jan 31 Popular Islamic Modaraba(PIM)	11.35 ▼ -1.19 (-9.49%)
LSE Ventures / Jan 31 LSE Ventures Limited(LSEVL)	11.41 ▼ -1.19 (-9.44%)
Khairpur Sug. / Jan 31 Khairpur Sugar Mills Limited(KPUS)	117 ▼ -12 (-9.3%)
Ashfaq Textile / Jan 31 Ashfaq Textile Mills Limited(ASHT)	15.61 ▼ -1.43 (-8.39%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)
Sally Textile / Jan 31 Sally Textile Mills Limited(SLYT)	11.50 ▼ -0.98 (-7.85%)

Stock	Volume
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -0.81
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	45,841,125 ▲ 0.21
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.53
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.11
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	20,556,244 ▼ -0.01
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▲ 0
Citi Pharma Ltd / Jan 31 Citi Pharma Ltd.(CPHL)	15,022,230 ▲ 2.83
Hascol Petrol / Jan 31 Hascol Petroleum Limited(HASCOL)	13,297,950 ▲ 0.03
National Bank / Jan 31 National Bank of Pakistan(NBP)	12,898,270 ▲ 6.44

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