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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-07-24
LAHORE CULTURAL DIARY: The art of documentary film

LAHORE CULTURAL DIARY: The art of documentary film

The Government College University (GCU) has been playing a leading role in grooming the student community of the country in almost all the creative arts and cultural expositions. In continuity of its tradition the GCU organised a documentary film competit
Published 24 Jul, 2010 12:00am
BRIndex30 up by 64.58 points

BRIndex30 up by 64.58 points

On Friday, BRIndex30 opened at 8,119.56 points and remained positive throughout the trading session. It touched an intraday high of 8,198.93 and an intraday low of 8,119.56 and closed at 8,184.14 points, which is 64.58 points or 0.8 percent higher than ye
Published 24 Jul, 2010 12:00am
ART FACTS: Nature's galore

ART FACTS: Nature's galore

There is hardly any painter who did not capture the beauty of nature on the canvas. Nature has always appeal the artists no matter where they live or who they are. It's a natural feeling to be attracted towards Mother Nature and thus artists depict it on
Published 24 Jul, 2010 12:00am
BRIndex30 up by 64.58 points

BRIndex30 up by 64.58 points

On Friday, BRIndex30 opened at 8,119.56 points and remained positive throughout the trading session. It touched an intraday high of 8,198.93 and an intraday low of 8,119.56 and closed at 8,184.14 points, which is 64.58 points or 0.8 percent higher than ye
Published 24 Jul, 2010 12:00am
Sowing the seeds of a better future

Sowing the seeds of a better future

'What I am today is because of our school and the efforts and affection of our teachers. We were living in the dark ages before we got this school in our village!' says Rizwan, who is pursuing chartered accountancy in Hyderabad and is among the first few
Published 24 Jul, 2010 12:00am
Index gains 67.18 points

Index gains 67.18 points

The KSE-100 index on Friday increased by 67.18 points and closed at the level of 10,296.04 points on the back of fresh buying mainly by foreign investors. A healthy single day inflow of $8.395 million of foreign investors'' portfolio investment mainly sup
Published 24 Jul, 2010 12:00am
LITERARY NOTES: PWA's and SAS's new role

LITERARY NOTES: PWA's and SAS's new role

The Progressive Writer's Association, since its rejuvenation after Multan Conference in April 2007, with octogenarian Hameed Akhtar as its Secretary General and Rahat Saeed as his Deputy, thought it prudent to forge close alliance with Sindhi Adab Sangat,
Published 24 Jul, 2010 12:00am
Index gains 67.18 points

Index gains 67.18 points

The KSE-100 index on Friday increased by 67.18 points and closed at the level of 10,296.04 points on the back of fresh buying mainly by foreign investors. A healthy single day inflow of $8.395 million of foreign investors' portfolio investment mainly supp
Published 24 Jul, 2010 12:00am
Trust!

Trust!

Trust, is either there, or not there. There is never an element of confusion in trust. If there is, that is not trust. Giving in to complete trust is one of the most difficult things in life. However, it is very easy to be broken. It takes ages to built t
Published 24 Jul, 2010 12:00am
Index gains 67.18 points

Index gains 67.18 points

The KSE-100 index on Friday increased by 67.18 points and closed at the level of 10,296.04 points on the back of fresh buying mainly by foreign investors. A healthy single day inflow of $8.395 million of foreign investors' portfolio investment mainly supp
Published 24 Jul, 2010 12:00am
KARACHI CHRONICLE: Celebrating Urdu Lughat

KARACHI CHRONICLE: Celebrating Urdu Lughat

It was Wednesday April 14, 2010 when the last page of the 22nd and final volume of the Urdu Lughat: Tareekhi usool par (Urdu lexicon) rolled off the press. The state ignored this historic achievement which took 52 years to be completed, even though the ne
Published 24 Jul, 2010 12:00am
Crude oil production drops to lowest in six years

Crude oil production drops to lowest in six years

Pakistan''s crude oil production has dropped to 64,900 barrels per day in the FY10, which is it''s lowest in the last six years, Business Recorder learnt Friday. The drop is an alarming one as there has been a constant rise of 8 to 10 percent in th
Published 24 Jul, 2010 12:00am
Abbotabad Diary

Abbotabad Diary

At the PIA departure gate, the Pakistanis look apprehensive and the Indians furtive. A kind of collective fear overcomes the Pakistanis as to whether, having got this far, they will be able to return home without further let or hindrance; and a kind of co
Published 24 Jul, 2010 12:00am
Crude oil production drops to lowest in six years

Crude oil production drops to lowest in six years

Pakistan's crude oil production has dropped to 64,900 barrels per day in the FY10, which is it's lowest in the last six years, Business Recorder learnt Friday. The drop is an alarming one as there has been a constant rise of 8 to 10 percent in the
Published 24 Jul, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 72,019 tonnes of cargo including 58,234 tonnes of import cargo; 13,785 tonnes of export cargo and 1,061 loaded and empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 58,234 tonnes compri
Published 24 Jul, 2010 12:00am
Crude oil production drops to lowest in six years

Crude oil production drops to lowest in six years

Pakistan's crude oil production has dropped to 64,900 barrels per day in the FY10, which is it's lowest in the last six years, Business Recorder learnt Friday. The drop is an alarming one as there has been a constant rise of 8 to 10 percent in the
Published 24 Jul, 2010 12:00am
Brazil's cocoa arrivals down

Brazil's cocoa arrivals down

Brazil's 2010/11 (May/April) cocoa arrivals were down 6.5 percent by July 18, at 1.04 million 60-kg bags compared with 1.11 million bags a year ago, the Bahia Commercial Association said on Wednesday. In the last week, arrivals from the main cocoa-growing
Published 24 Jul, 2010 12:00am
HRW wheat bids steady

HRW wheat bids steady

Cash bids for hard red winter wheat in the US Plains were steady on Friday, even as farmer selling continued strong amid high futures prices. Kansas City Board of Trade benchmark September wheat ended Thursday up 10-1/4 cents at $6.11-3/4, though the mark
Published 24 Jul, 2010 12:00am
US soya premiums steady at Gulf of Mexico

US soya premiums steady at Gulf of Mexico

US soyabean export premiums at the Gulf of Mexico held mostly steady on Thursday, with values underpinned by steady Chinese demand for new-crop supplies and tight old-crop stocks, traders said. Nearby CIF soyabean barge basis bids eased on Thursday as a s
Published 24 Jul, 2010 12:00am
Sri Lanka tea output may hit record high

Sri Lanka tea output may hit record high

Sri Lanka's tea production in the first half jumped 26.2 percent from a year ago, suggesting the island nation's No 1 agricultural export may hit a record, the state-run tea board said on Friday. Tea output in the first half was 166.88 million kg against
Published 24 Jul, 2010 12:00am
Nimo Bazgo and Chottic dams: India allows power houses'''' inspection

Nimo Bazgo and Chottic dams: India allows power houses'''' inspection

India has agreed to the inspection of disputed Power houses of Nimo Bazgo and Chottic dams which are under construction on the Indus River in occupied Kashmir. It was decided in the second round of talks between Pakistan Indus Water Commissioner Jamaat Al
Published 24 Jul, 2010 12:00am
Ukraine likely to cut grain exports forecast

Ukraine likely to cut grain exports forecast

Ukraine is likely to cut its grain exports in the 2010/11 season to 16 million tonnes from 21.5 million in 2009/10 due to a smaller harvest in 2010, the presidential press service said in a statement. Severe winter frosts followed by record high summer he
Published 24 Jul, 2010 12:00am
Nimo Bazgo and Chottic dams: India allows power houses'' inspection

Nimo Bazgo and Chottic dams: India allows power houses'' inspection

India has agreed to the inspection of disputed Power houses of Nimo Bazgo and Chottic dams which are under construction on the Indus River in occupied Kashmir. It was decided in the second round of talks between Pakistan Indus Water Commissioner Jamaat Al
Published 24 Jul, 2010 12:00am
Sugar output seen 35 percent up in Indian state

Sugar output seen 35 percent up in Indian state

Sugar output in India's biggest cane-growing state may rise upto 35 percent in the new season from October as farmers have planted more cane after getting record prices last year, a senior industry official said.
Published 24 Jul, 2010 12:00am
Nimo Bazgo and Chottic dams: India allows power houses' inspection

Nimo Bazgo and Chottic dams: India allows power houses' inspection

India has agreed to the inspection of disputed Power houses of Nimo Bazgo and Chottic dams which are under construction on the Indus River in occupied Kashmir. It was decided in the second round of talks between Pakistan Indus Water Commissioner Jamaat Al
Published 24 Jul, 2010 12:00am
US wheat futures rise for first time in 13 months

US wheat futures rise for first time in 13 months

US wheat futures rose above $6.00 a bushel for the first time in 13 months on Thursday and extended the rally to 28 percent in July on drought reduced crop prospects in parts of Europe and the Black Sea region. Front-month September wheat on the Chicago B
Published 24 Jul, 2010 12:00am
Nimo Bazgo and Chottic dams: India allows power houses' inspection

Nimo Bazgo and Chottic dams: India allows power houses' inspection

India has agreed to the inspection of disputed Power houses of Nimo Bazgo and Chottic dams which are under construction on the Indus River in occupied Kashmir. It was decided in the second round of talks between Pakistan Indus Water Commissioner Jamaat Al
Published 24 Jul, 2010 12:00am
Spot rate cut by Rs 150 amidst good activity on cotton market

Spot rate cut by Rs 150 amidst good activity on cotton market

Modest trading was seen on the cotton market on Friday as ginners showed some hesitance in selling below their psychological levels, dealers said. The Karachi Cotton Association (KCA) official spot rate was slashed by Rs 150 to at Rs 5,850, they said. In
Published 24 Jul, 2010 12:00am
World trade to grow 10 percent in 2010: WTO

World trade to grow 10 percent in 2010: WTO

The World Trade Organisation raised on Friday its forecast for growth of global commerce to 10 percent this year, with its director general saying that even this might yet "turn out to be too low." WTO chief Pascal Lamy said: "Our forecast for world trade
Published 24 Jul, 2010 12:00am
No deal on grain market

No deal on grain market

Not a major change was seen on the wholesale grain and seed market on Friday as almost all the participants were busy in preparations for the Juma prayers.
Published 24 Jul, 2010 12:00am
World trade to grow 10 percent in 2010: WTO

World trade to grow 10 percent in 2010: WTO

The World Trade Organisation raised on Friday its forecast for growth of global commerce to 10 percent this year, with its director general saying that even this might yet "turn out to be too low." WTO chief Pascal Lamy said: "Our forecast for world trade
Published 24 Jul, 2010 12:00am
Chemical items mixed on Jodia Bazar

Chemical items mixed on Jodia Bazar

The trading in chemical items moved both ways on Jodia Bazar here on Friday. The following variations were noted.
Published 24 Jul, 2010 12:00am
World trade to grow 10 percent in 2010: WTO

World trade to grow 10 percent in 2010: WTO

The World Trade Organisation raised on Friday its forecast for growth of global commerce to 10 percent this year, with its director general saying that even this might yet "turn out to be too low." WTO chief Pascal Lamy said: "Our forecast for world trade
Published 24 Jul, 2010 12:00am
Amazon profit misses as costs surge; shares tumble

Amazon profit misses as costs surge; shares tumble

Amazon.com Inc's quarterly profit fell far short of Wall Street estimates, hurt by a 40 percent jump in expenses and by price cuts on its Kindle electronic reader, sending its shares down 14 percent. The largest global online retailer spent more than inve
Published 24 Jul, 2010 12:00am
Seven banks fail Europe test

Seven banks fail Europe test

Seven European banks are not strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), far less than expected, stoking fears the health check was too soft. While the modest findings cast doubt on
Published 24 Jul, 2010 12:00am
Amazon profit misses as costs surge; shares tumble

Amazon profit misses as costs surge; shares tumble

Amazon.com Inc's quarterly profit fell far short of Wall Street estimates, hurt by a 40 percent jump in expenses and by price cuts on its Kindle electronic reader, sending its shares down 14 percent. The largest global online retailer spent more than inve
Published 24 Jul, 2010 12:00am
Seven banks fail Europe test

Seven banks fail Europe test

Seven European banks are not strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), far less than expected, stoking fears the health check was too soft. While the modest findings cast doubt on
Published 24 Jul, 2010 12:00am
Schlumberger profit up, outlook steady

Schlumberger profit up, outlook steady

Oilfield services leader Schlumberger Ltd increased quarterly profit by 33 percent on brisk activity on land in North America, but its shares dropped more than 3 percent as analysts had hoped for more. While uncertainty surrounds its seismic reservoir-map
Published 24 Jul, 2010 12:00am
Seven banks fail Europe test

Seven banks fail Europe test

Seven European banks are not strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), far less than expected, stoking fears the health check was too soft. While the modest findings cast doubt on
Published 24 Jul, 2010 12:00am
Schlumberger profit up, outlook steady

Schlumberger profit up, outlook steady

Oilfield services leader Schlumberger Ltd increased quarterly profit by 33 percent on brisk activity on land in North America, but its shares dropped more than 3 percent as analysts had hoped for more. While uncertainty surrounds its seismic reservoir-map
Published 24 Jul, 2010 12:00am
India unlikely to welcome army chief's extension

India unlikely to welcome army chief's extension

Pakistan has extended the term of army chief General Ashfaq Kayani for three years to ensure continuity as the military deals with militancy that has spread from the turbulent north-west to the heartland. Here are a few questions and answers on the implic
Published 24 Jul, 2010 12:00am
Vodafone returns to growth and signals change ahead

Vodafone returns to growth and signals change ahead

Vodafone, the world's largest mobile operator by sales, has returned to growth for the first time since the economic downturn and indicated it could reconsider its strategy to drive further value later this year.
Published 24 Jul, 2010 12:00am
India unlikely to welcome army chief's extension

India unlikely to welcome army chief's extension

Pakistan has extended the term of army chief General Ashfaq Kayani for three years to ensure continuity as the military deals with militancy that has spread from the turbulent north-west to the heartland. Here are a few questions and answers on the implic
Published 24 Jul, 2010 12:00am
Vodafone returns to growth and signals change ahead

Vodafone returns to growth and signals change ahead

Vodafone, the world's largest mobile operator by sales, has returned to growth for the first time since the economic downturn and indicated it could reconsider its strategy to drive further value later this year.
Published 24 Jul, 2010 12:00am
Notification

Notification

General Ashfaq Parvez Kayani, NI(M), HI, Chief of the Army Staff (CoAS) has been granted extension for one further tenure (03 years) with effect from 29 November, 2010 to 29 November 2013, said a notification issued by the Ministry of Defence here on Frid
Published 24 Jul, 2010 12:00am
Parts shortage hits Ericsson second quarter

Parts shortage hits Ericsson second quarter

Ericsson's core profit lagged forecasts for a second quarter in a row, in the April-June period, as cost cuts failed to offset a weak market for telecom network gear and a parts shortage hit sales. Hans Vestberg, chief executive of the world's number one
Published 24 Jul, 2010 12:00am
Notification

Notification

General Ashfaq Parvez Kayani, NI(M), HI, Chief of the Army Staff (CoAS) has been granted extension for one further tenure (03 years) with effect from 29 November, 2010 to 29 November 2013, said a notification issued by the Ministry of Defence here on Frid
Published 24 Jul, 2010 12:00am
Parts shortage hits Ericsson second quarter

Parts shortage hits Ericsson second quarter

Ericsson's core profit lagged forecasts for a second quarter in a row, in the April-June period, as cost cuts failed to offset a weak market for telecom network gear and a parts shortage hit sales. Hans Vestberg, chief executive of the world's number one
Published 24 Jul, 2010 12:00am
Kayani's extension was 'inevitable': Prime Minister

Kayani's extension was 'inevitable': Prime Minister

Prime Minister Syed Yousuf Raza Gilani Friday said that extension in the service of Chief of Army Staff General Ashfaq Parvez Kayani was inevitable to maintain stability in the region and to ensure continuity of war against extremists and terrorists.
Published 24 Jul, 2010 12:00am
Indosat, SBI bonds gain on Asian debut

Indosat, SBI bonds gain on Asian debut

Bonds from Indonesia's Indosat Palapa and State Bank of India gained on their Asian debuts on Friday, spurred by the firmer tone in broader financial markets and strong demand from investors. The Asia ex-Japan iTraxx investment-grade index narrowed 4 basi
Published 24 Jul, 2010 12:00am
Kayani's extension was 'inevitable': Prime Minister

Kayani's extension was 'inevitable': Prime Minister

Prime Minister Syed Yousuf Raza Gilani Friday said that extension in the service of Chief of Army Staff General Ashfaq Parvez Kayani was inevitable to maintain stability in the region and to ensure continuity of war against extremists and terrorists.
Published 24 Jul, 2010 12:00am
Indosat, SBI bonds gain on Asian debut

Indosat, SBI bonds gain on Asian debut

Bonds from Indonesia's Indosat Palapa and State Bank of India gained on their Asian debuts on Friday, spurred by the firmer tone in broader financial markets and strong demand from investors. The Asia ex-Japan iTraxx investment-grade index narrowed 4 basi
Published 24 Jul, 2010 12:00am
Two MQM activists among five killed in Karachi

Two MQM activists among five killed in Karachi

Two workers of Muttahida Qaumi Movement (MQM) were shot dead and five others injured during an armed attack on their party office in Gulistan-e-Johar, a private TV channel reported late Friday night. The injured were taken to Liaquat National Hospital and
Published 24 Jul, 2010 12:00am
Indian shares touch 29-month high

Indian shares touch 29-month high

Indian shares logged third straight weekly gain and touched a 29-month high on Friday, as robust US earnings sent the regional markets higher, but closed off highs on caution ahead of European banks' stress test results. Third-largest outsourcer Wipro ros
Published 24 Jul, 2010 12:00am
Two MQM activists among five killed in Karachi

Two MQM activists among five killed in Karachi

Two workers of Muttahida Qaumi Movement (MQM) were shot dead and five others injured during an armed attack on their party office in Gulistan-e-Johar, a private TV channel reported late Friday night. The injured were taken to Liaquat National Hospital and
Published 24 Jul, 2010 12:00am
Southeast Asian stocks: Indonesia hits new record

Southeast Asian stocks: Indonesia hits new record

Indonesian stocks hit a new record on Friday and outperformed the region for the week following the nomination of new central bank governor and low rate outlook amid economic optimism across Southeast Asia. Indonesia's parliament approved the appointment
Published 24 Jul, 2010 12:00am
Army chief's extension: decision taken by Pakistani government: US

Army chief's extension: decision taken by Pakistani government: US

The United States on Friday described extension in tenure of Army Chief General Ashfaq Parvez Kayani as a decision taken by the Pakistani democratic government. "It was a matter for and a decision by the civilian government of Pakistan," State Department
Published 24 Jul, 2010 12:00am
Friday's early trade: S&P tops 1,100 for first time in month

Friday's early trade: S&P tops 1,100 for first time in month

US stocks rose on Friday as solid margins from Verizon Communications Inc and a dividend hike by General Electric Co boosted sentiment. The S&P 500 strengthened its bullish stance, moving above the 1,100 level for the first time in a month after various f
Published 24 Jul, 2010 12:00am
Army chief's extension: decision taken by Pakistani government: US

Army chief's extension: decision taken by Pakistani government: US

The United States on Friday described extension in tenure of Army Chief General Ashfaq Parvez Kayani as a decision taken by the Pakistani democratic government. "It was a matter for and a decision by the civilian government of Pakistan," State Department
Published 24 Jul, 2010 12:00am
Earnings lift Wall Street

Earnings lift Wall Street

Earnings from economic bellwethers 3M, UPS and Caterpillar catapulted US stocks on Thursday as investors shed some of their fears about the strength of the recovery. The parade of prominent names reporting profits continued after the market's close. Micro
Published 24 Jul, 2010 12:00am
Two US lawmakers want American troops out of Pakistan

Two US lawmakers want American troops out of Pakistan

Two US lawmakers - a Republican and a Democrat - proposed a bill this week demanding the withdrawal of all US troops in Pakistan, where they are conducting covert operations against militants. "We have known that US forces have been operating in secret in
Published 24 Jul, 2010 12:00am
European bank CDS widen

European bank CDS widen

Financial credit derivative indexes widened on Friday after European Union regulators released methodology details for stress tests on Europe's biggest banks. The banks faced a double-dip recession, stock markets falling sharply, and steep rises in intere
Published 24 Jul, 2010 12:00am
Two US lawmakers want American troops out of Pakistan

Two US lawmakers want American troops out of Pakistan

Two US lawmakers - a Republican and a Democrat - proposed a bill this week demanding the withdrawal of all US troops in Pakistan, where they are conducting covert operations against militants. "We have known that US forces have been operating in secret in
Published 24 Jul, 2010 12:00am
European bank CDS widen

European bank CDS widen

Financial credit derivative indexes widened on Friday after European Union regulators released methodology details for stress tests on Europe's biggest banks. The banks faced a double-dip recession, stock markets falling sharply, and steep rises in intere
Published 24 Jul, 2010 12:00am
US bonds retreat

US bonds retreat

The US government debt market retreated on Thursday, as a recovery in stock markets and encouraging data on the global economy reduced the safety bid for bonds. Two-year Treasury yields rose from their record lows, a day after a stampede into bonds after
Published 24 Jul, 2010 12:00am
US bonds retreat

US bonds retreat

The US government debt market retreated on Thursday, as a recovery in stock markets and encouraging data on the global economy reduced the safety bid for bonds. Two-year Treasury yields rose from their record lows, a day after a stampede into bonds after
Published 24 Jul, 2010 12:00am
Shanghai and Hong Kong shares remain higher

Shanghai and Hong Kong shares remain higher

Shares in Hong Kong gained for a fourth consecutive session on Friday to close at a one-month high, as upbeat earnings from US economic bellwethers such as 3M Co helped boost sentiment. The benchmark Hang Seng Index ended Friday up 1.1 percent at 20,815.3
Published 24 Jul, 2010 12:00am
Nikkei springs back

Nikkei springs back

Japan's Nikkei rose 2.3 percent to snap a five-day losing streak on Friday, boosted as worries about the results of European bank stress tests eased and by robust US corporate earnings. Short-covering helped buoy the benchmark after it shed nearly 6 perce
Published 24 Jul, 2010 12:00am
Seoul shares rise 1.3 percent

Seoul shares rise 1.3 percent

Seoul shares rose on Friday led by banks such as KB Financial Group as worries about the results of European bank stress tests eased and robust US earnings restored investor confidence. The Korea Composite Stock Price Index (KOSPI) closed up 1.30 percent
Published 24 Jul, 2010 12:00am
FTSE flat, traders hold breath before stress test

FTSE flat, traders hold breath before stress test

Nerves about the keenly awaited stress tests on European banks weighed on the sector in Britain, offsetting gains from Vodafone after solid first quarter results to leave the country's index flat by close on Friday. The FTSE 100 ended down 1.19 points at
Published 24 Jul, 2010 12:00am
Interest rate futures fall

Interest rate futures fall

Investors priced in higher interest rates for 2011 on Friday after strong euro zone data boosted sentiment, while banking stress test results were not seen altering the long-term trend of rising interbank rates. Market players said activity was subdued ah
Published 24 Jul, 2010 12:00am
Sterling jumps

Sterling jumps

Sterling rose sharply on Friday, boosted by unexpectedly strong UK economic growth numbers which left it on course for its biggest one-day percentage gain against the euro in more than seven weeks. Data showed gross domestic product jumped 1.1 percent on
Published 24 Jul, 2010 12:00am
Euro slips in Asia

Euro slips in Asia

The euro slipped against the dollar and the yen on Friday after a newspaper said several Spanish savings banks failed tests to see how they would cope with worsened economic conditions. The euro hit the day's low of $1.2861 on trading platform EBS after S
Published 24 Jul, 2010 12:00am
Euro jumps on Ifo

Euro jumps on Ifo

Another strong data release boosted the euro on Friday when the German Ifo index came in above forecasts, but analysts said there were downside risks for the currency, even if bank stress test results were benign. Ifo said the German Business Climate Inde
Published 24 Jul, 2010 12:00am
Early trade: Euro falls versus dollar

Early trade: Euro falls versus dollar

The euro fell against the dollar on Friday after most eurozone banks passed regulatory stress tests, but analysts worried the tests weren't strict enough to reveal the true health of the sector. All French banks and all but one German bank were judged to
Published 24 Jul, 2010 12:00am
Euro rallies in New York

Euro rallies in New York

The euro gained 1 percent against the dollar on Thursday as strong eurozone economic data and US corporate earnings rekindled hopes for the world economy and whetted investor appetite for risk. The euro rose above $1.29 after data showed surprisingly robu
Published 24 Jul, 2010 12:00am
Australian holds ground; Kiwi off peaks

Australian holds ground; Kiwi off peaks

The Australian dollar hovered near two-month highs on Friday as caution before the release of crucial stress test results for European banks capped gains made on better economic data and earnings. The Australia dollar fell to the day's low of $0.8899 in t
Published 24 Jul, 2010 12:00am
Swiss franc slips versus euro

Swiss franc slips versus euro

The Swiss franc traded lower against the euro on Friday, as investors took a wait and see approach ahead of the long-awaited results of European bank stress tests due out later in the day. The franc was trading 0.1 percent lower against the euro compared
Published 24 Jul, 2010 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose to its strongest level in a week on Friday boosted by a rise in global risk appetite after a string of strong data and expectations of bullish bank stress test results in Europe. The partially convertible rupee closed at 46.94/95 per
Published 24 Jul, 2010 12:00am
Won leads Asian currencies higher

Won leads Asian currencies higher

The South Korean won led most Asian currencies higher on Friday as investors snapped up regional stocks on upbeat US corporate results and an improvement in European factory and services data. Traders have been betting most of the 91 European banks being
Published 24 Jul, 2010 12:00am
Yuan little changed

Yuan little changed

The yuan closed little changed against the dollar but fell versus the euro on Friday, largely in line with the People's Bank of China's guidance, while a senior official of the central bank reiterated Beijing's position - to steer the yuan in relation to
Published 24 Jul, 2010 12:00am
Hamilton crashes, Alonso sets the pace

Hamilton crashes, Alonso sets the pace

Formula One championship leader Lewis Hamilton suffered a costly crash in practice for the German Grand Prix on Friday while rivals Ferrari and Red Bull showed off their speed. McLaren's Hamilton had to sit out all but 12 minutes of the afternoon session,
Published 24 Jul, 2010 12:00am
Pompey allowed to sign players despite transfer ban

Pompey allowed to sign players despite transfer ban

English Championship club Portsmouth have been given special dispensation to sign three players despite being under a transfer embargo. Financially-stricken Portsmouth have been in administration with debts of over 130 million pounds since last season and
Published 24 Jul, 2010 12:00am
Sri Lanka face up to life without Muralitharan

Sri Lanka face up to life without Muralitharan

Sri Lanka entered a new cricketing era on Friday, facing an uncertain future without the legendary Muttiah Muralitharan, the world's leading wicket-taker. Muralitharan, 38, quit Test cricket on Thursday after reaching the unprecedented 800-wicket landmark
Published 24 Jul, 2010 12:00am
Hoor becomes fastest swimmer

Hoor becomes fastest swimmer

Thirteen-year-old Hoor Asrar Raouf became the fastest swimmer of the country in 50 metres breaststroke and took gold in the National Women Swimming Championship held at Wapda Sports Complex, Lahore on July 19-21, 2010. Young Hoor, nicknamed 'Pocket Rocket
Published 24 Jul, 2010 12:00am
France's World Cup squad suspended for next game

France's World Cup squad suspended for next game

The 23 members of France's World Cup squad have been suspended for the country's next game following their first-round exit from the tournament in South Africa, the French Football Federation (FFF) said on Friday. The decision was taken during a meeting o
Published 24 Jul, 2010 12:00am
Milan fans rush for trophy snap to aid Congo

Milan fans rush for trophy snap to aid Congo

More than 115,000 euros has been raised to construct a pediatric centre in the Democratic Republic of Congo by football fans eager to have their picture taken with the Champions League trophy. In just two weeks at a branch of the Banco Popolare di Milano
Published 24 Jul, 2010 12:00am
Murali best spinner of this generation: Sohail Tanvir

Murali best spinner of this generation: Sohail Tanvir

Pakistan fast bowler Sohail Tanvir has said that the milesstone achieved by Sri Lankan off spinner, Muttiah Muralitharan, is distinguished and an unparalleled record. Muttiah Muralitharan has become the first-ever bowler who claimed his 800th victim in th
Published 24 Jul, 2010 12:00am
Cavendish speeds to fourth stage win on Tour

Cavendish speeds to fourth stage win on Tour

Mark Cavendish showed he needed no help in sprint finishes when he won the 198-km 18th stage of the Tour de France in commanding fashion on Friday. The Briton, without lead-out man Mark Renshaw who was thrown off the Tour for head-butting a rider towards
Published 24 Jul, 2010 12:00am
FIFA clears Australia over World Cup bid

FIFA clears Australia over World Cup bid

FIFA has cleared Australia of any wrongdoing in its bid to host the 2022 World Cup, after allegations of bribery, football officials said on Friday. Football Federation Australia (FFA) said the world body found there was no case to answer after The Age ne
Published 24 Jul, 2010 12:00am
English footballer Grant convicted of murder

English footballer Grant convicted of murder

Gavin Grant, a former Millwall and Bradford striker, is facing a life sentence after being convicted of a gun murder on Friday. Grant was found guilty of killing Leon Labastide in January 2004 after becoming involved in a series of revenge shootings in an
Published 24 Jul, 2010 12:00am
Tickets selling fast for Ashes series

Tickets selling fast for Ashes series

Tickets are selling fast for this year's Ashes cricket series against England with some Test days already sold out, Cricket Australia said on Friday. Tickets for the opening three days of the third Test at Perth's WACA Ground have sold out while the fifth
Published 24 Jul, 2010 12:00am
Pakistan all set to win against Australia

Pakistan all set to win against Australia

Pakistan were 140 for three wickets, chasing 180 for victory, at the close of the third day of the second Test against Australia at Headingley in Leeds, England, on Friday. Earlier, Steven Smith's scored a maiden half-century as his late assault on the Pa
Published 24 Jul, 2010 12:00am
India develops 35-dollar 'laptop' for schools

India develops 35-dollar 'laptop' for schools

India has come up with a 35-dollar touch-screen "laptop" - a computing prototype that it aims to make available to students from elementary schools to universities. The gadget, developed by the elite Indian Institute of Technology and the Indian Institute
Published 24 Jul, 2010 12:00am
General Electric lifts dividend 20 percent

General Electric lifts dividend 20 percent

General Electric Co moved to raise its dividend by 20 percent on Friday, in a sign that the largest US conglomerate has put the worst of the financial crisis behind it. The move came sooner than many investors had expected and sent GE shares up 3.2 percen
Published 24 Jul, 2010 12:00am
General Electric lifts dividend 20 percent

General Electric lifts dividend 20 percent

General Electric Co moved to raise its dividend by 20 percent on Friday, in a sign that the largest US conglomerate has put the worst of the financial crisis behind it. The move came sooner than many investors had expected and sent GE shares up 3.2 percen
Published 24 Jul, 2010 12:00am
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