AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-08-23
Businessmen condemn assassination

Businessmen condemn assassination

Prominent industrialists and business tycoons/yarn merchants have condemned the brutal assassination of two brothers of Sialkot, Hafiz Mughis and Hafiz Muneeb and hanging of their bodies in presence of police Officials. Both ill-fated youths were nephews
Published 23 Aug, 2010 12:00am
Nato brings aid for flood victims

Nato brings aid for flood victims

The North Atlantic Treaty Organisation (NATO) on Sunday reached Pakistan with relief goods for the flood victims donated by various countries and those organisations which are working for the well-being of humanity. The relief goods, loaded in Nato's airc
Published 23 Aug, 2010 12:00am
Call to raise slogan of 'trade not aid'

Call to raise slogan of 'trade not aid'

Syed Muhammad Aasim Shah, a leader of Value Added Textile Forum (VTF), has said that Prime Minister and Foreign Minister should raise the slogan of "trade not aid" to draw the attention of world towards Pakistan which incurred a loss of 100 billion dollar
Published 23 Aug, 2010 12:00am
Chinese oil exploration company discusses investment prospects

Chinese oil exploration company discusses investment prospects

A delegation of Chinese oil exploration company Zhenhua called upon Federal Minister for Petroleum and Natural Resources, Syed Naveed Qamar Zaman Shah here on Sunday and showed interest in enhancing the investment portfolio in Pakistan Petroleum Limited (
Published 23 Aug, 2010 12:00am
Man kills four members of his family

Man kills four members of his family

A worker of Sialkot Health Department accused Rana Tahir killed four of his family members with sharp-edged knives before Sehari on Sunday at his house in Sialkot's congested locality Talwara Mughalaaan. According to the details, Rana Tahir, 40 took a sec
Published 23 Aug, 2010 12:00am
MONEY WEEK: economic outlook: All eyes on Washington moot

MONEY WEEK: economic outlook: All eyes on Washington moot

With the floods and its aftermath making headlines across the globe, the pre-planned visit by the Finance Ministry and State Bank officials to Washington this week, for the scheduled economic review with the IMF has taken a back seat. Nonetheless, the imp
Published 23 Aug, 2010 12:00am
MONEY WEEK: economic outlook: All eyes on Washington moot

MONEY WEEK: economic outlook: All eyes on Washington moot

With the floods and its aftermath making headlines across the globe, the pre-planned visit by the Finance Ministry and State Bank officials to Washington this week, for the scheduled economic review with the IMF has taken a back seat. Nonetheless, the imp
Published 23 Aug, 2010 12:00am
MONEY WEEK: economic outlook: All eyes on Washington moot

MONEY WEEK: economic outlook: All eyes on Washington moot

With the floods and its aftermath making headlines across the globe, the pre-planned visit by the Finance Ministry and State Bank officials to Washington this week, for the scheduled economic review with the IMF has taken a back seat. Nonetheless, the imp
Published 23 Aug, 2010 12:00am
Imported material: steel traders demand proper examination

Imported material: steel traders demand proper examination

Steel traders have asked the Federal Board of Revenue (FBR) to properly examine the imports of steel products to stop misuse of exemptions. They said that some steel importers, particularly industrial units, are misusing exemptions through various SROs le
Published 23 Aug, 2010 12:00am
Imported material: steel traders demand proper examination

Imported material: steel traders demand proper examination

Steel traders have asked the Federal Board of Revenue (FBR) to properly examine the imports of steel products to stop misuse of exemptions. They said that some steel importers, particularly industrial units, are misusing exemptions through various SROs le
Published 23 Aug, 2010 12:00am
Imported material: steel traders demand proper examination

Imported material: steel traders demand proper examination

Steel traders have asked the Federal Board of Revenue (FBR) to properly examine the imports of steel products to stop misuse of exemptions. They said that some steel importers, particularly industrial units, are misusing exemptions through various SROs le
Published 23 Aug, 2010 12:00am
Troops fire at protesters in IHK, injure six

Troops fire at protesters in IHK, injure six

Indian occupation troops fired tear gas and live rounds at scores of protesters hurling rocks and defying a curfew Sunday in Indian-held Kashmir, and at least six civilians were wounded, police said.
Published 23 Aug, 2010 12:00am
Troops fire at protesters in IHK, injure six

Troops fire at protesters in IHK, injure six

Indian occupation troops fired tear gas and live rounds at scores of protesters hurling rocks and defying a curfew Sunday in Indian-held Kashmir, and at least six civilians were wounded, police said.
Published 23 Aug, 2010 12:00am
Muslim centre dispute sparks New York rallies

Muslim centre dispute sparks New York rallies

Supporters and opponents of a proposed Muslim cultural centre and mosque near the World Trade Centre site rallied in downtown Manhattan on Sunday, kept blocks apart by a heavy police presence.
Published 23 Aug, 2010 12:00am
Muslim centre dispute sparks New York rallies

Muslim centre dispute sparks New York rallies

Supporters and opponents of a proposed Muslim cultural centre and mosque near the World Trade Centre site rallied in downtown Manhattan on Sunday, kept blocks apart by a heavy police presence.
Published 23 Aug, 2010 12:00am
Four US soldiers killed in Afghanistan

Four US soldiers killed in Afghanistan

Four US soldiers were killed Sunday while fighting the Taliban in Afghanistan, Nato said, as the insurgents appeared to step up their campaign against officials and election candidates. The four American troopers died in three separate incidents, in easte
Published 23 Aug, 2010 12:00am
Four US soldiers killed in Afghanistan

Four US soldiers killed in Afghanistan

Four US soldiers were killed Sunday while fighting the Taliban in Afghanistan, Nato said, as the insurgents appeared to step up their campaign against officials and election candidates. The four American troopers died in three separate incidents, in easte
Published 23 Aug, 2010 12:00am
AOPs, individuals: FBR decides to withdraw income tax return forms

AOPs, individuals: FBR decides to withdraw income tax return forms

The Federal Board of Revenue (FBR) has decided to withdraw the proposed income tax return forms for the Association of Persons (AOPs) and individuals for the Tax Year 2010, as the taxpayers may be allowed to file the return in the old format.
Published 23 Aug, 2010 12:00am
AOPs, individuals: FBR decides to withdraw income tax return forms

AOPs, individuals: FBR decides to withdraw income tax return forms

The Federal Board of Revenue (FBR) has decided to withdraw the proposed income tax return forms for the Association of Persons (AOPs) and individuals for the Tax Year 2010, as the taxpayers may be allowed to file the return in the old format.
Published 23 Aug, 2010 12:00am
AOPs, individuals: FBR decides to withdraw income tax return forms

AOPs, individuals: FBR decides to withdraw income tax return forms

The Federal Board of Revenue (FBR) has decided to withdraw the proposed income tax return forms for the Association of Persons (AOPs) and individuals for the Tax Year 2010, as the taxpayers may be allowed to file the return in the old format.
Published 23 Aug, 2010 12:00am
Bangladesh bans compulsory religious wear

Bangladesh bans compulsory religious wear

Bangladesh's high court has ordered places of work and education in the Muslim country not to force employees and students to wear skull caps, veils and other religious clothing, a lawyer said Sunday. The ruling follows a report in mass-circulated Bengali
Published 23 Aug, 2010 12:00am
Bangladesh bans compulsory religious wear

Bangladesh bans compulsory religious wear

Bangladesh's high court has ordered places of work and education in the Muslim country not to force employees and students to wear skull caps, veils and other religious clothing, a lawyer said Sunday. The ruling follows a report in mass-circulated Bengali
Published 23 Aug, 2010 12:00am
Sialkot incident: Prime Minister suspends DPO

Sialkot incident: Prime Minister suspends DPO

Prime Minister Syed Yousuf Raza Gilani has expressed anguish and distress over the regretful event of Sialkot and ordered for the suspension of DPO Waqar Chohan, a federal government officer on deputation with the provincial government.
Published 23 Aug, 2010 12:00am
Sialkot incident: Prime Minister suspends DPO

Sialkot incident: Prime Minister suspends DPO

Prime Minister Syed Yousuf Raza Gilani has expressed anguish and distress over the regretful event of Sialkot and ordered for the suspension of DPO Waqar Chohan, a federal government officer on deputation with the provincial government.
Published 23 Aug, 2010 12:00am
Iran unveils long-range drone to counter 'aggressors'

Iran unveils long-range drone to counter 'aggressors'

Iran unveiled a prototype long-range unmanned bomber on Sunday, the in a stream of announcements of new Iranian-made military hardware as tension mounts over its nuclear programme. On a stage in front of military officials, President Mahmoud Ahmadinejad p
Published 23 Aug, 2010 12:00am
Iran unveils long-range drone to counter 'aggressors'

Iran unveils long-range drone to counter 'aggressors'

Iran unveiled a prototype long-range unmanned bomber on Sunday, the in a stream of announcements of new Iranian-made military hardware as tension mounts over its nuclear programme. On a stage in front of military officials, President Mahmoud Ahmadinejad p
Published 23 Aug, 2010 12:00am
Al Fayed says he torched Harrods royal warrants

Al Fayed says he torched Harrods royal warrants

Mohamed Al Fayed, the former owner of Harrods, said Sunday he had the plush London emporium's royal warrants taken down and burned. The Egyptian tycoon, in a letter to The Sunday Telegraph newspaper, called the endorsements a "curse" on the luxury departm
Published 23 Aug, 2010 12:00am
Prime Minister postpones marriage ceremony of his son

Prime Minister postpones marriage ceremony of his son

In wake of the devastations caused by heavy floods and the difficulties being faced by the people in the flood affected areas the Prime Minister has postponed the marriage ceremony of his son scheduled in October, 2010.
Published 23 Aug, 2010 12:00am
Five killed in clash between Turkish military and Kurds

Five killed in clash between Turkish military and Kurds

A Turkish soldier and five members of the outlawed Kurdish Workers Party (PKK) were killed in clashes in south- east Turkey over the weekend, media reports said Sunday. The military launched an operation against the PKK group after they fatally injured th
Published 23 Aug, 2010 12:00am
Flood victims: Musharraf to organise telethon in Pakistan

Flood victims: Musharraf to organise telethon in Pakistan

Former President Pervez Musharraf on Sunday said he would soon organise a telethon fundraising in Pakistan for the flood victims. The disastrous floods have badly hit one-fifth of Pakistan and have affected 20 million people in the country's worst ever-na
Published 23 Aug, 2010 12:00am
Canada to match aid provided by its citizens

Canada to match aid provided by its citizens

The Canadian government, which last week announced 32 million dollars for victims of Pakistan's historic floods, said Sunday it would give more aid by matching the amount donated by its citizens.
Published 23 Aug, 2010 12:00am
Most prefer French left to Sarkozy for 2012: poll

Most prefer French left to Sarkozy for 2012: poll

More than half of France's voters would prefer a candidate from the political left to conservative President Nicolas Sarkozy for the 2012 election, a survey said on Sunday.
Published 23 Aug, 2010 12:00am
Futures open interest increases 3.1 percent

Futures open interest increases 3.1 percent

Total open interest position at the futures counter increased by 3.1 percent to Rs 649 million. The future spreads also registered a nominal increase of 1.48 percent during the week ending on August 20, 2010. Trading at the futures counter improved by 2 p
Published 23 Aug, 2010 12:00am
Futures open interest increases 3.1 percent

Futures open interest increases 3.1 percent

Total open interest position at the futures counter increased by 3.1 percent to Rs 649 million. The future spreads also registered a nominal increase of 1.48 percent during the week ending on August 20, 2010. Trading at the futures counter improved by 2 p
Published 23 Aug, 2010 12:00am
Futures open interest increases 3.1 percent

Futures open interest increases 3.1 percent

Total open interest position at the futures counter increased by 3.1 percent to Rs 649 million. The future spreads also registered a nominal increase of 1.48 percent during the week ending on August 20, 2010. Trading at the futures counter improved by 2 p
Published 23 Aug, 2010 12:00am
Futures open interest increases 3.1 percent

Futures open interest increases 3.1 percent

Total open interest position at the futures counter increased by 3.1 percent to Rs 649 million. The future spreads also registered a nominal increase of 1.48 percent during the week ending on August 20, 2010. Trading at the futures counter improved by 2 p
Published 23 Aug, 2010 12:00am
Index gains 36.99 points

Index gains 36.99 points

After witnessing mixed trend early in the week ending on August 20, 2010, the KSE-100 index closed at 9,860.36 points with a gain of 36.99 points. Trading shrank and average daily volume at ready counter declined to 57.36 million shares as compared to pre
Published 23 Aug, 2010 12:00am
Index gains 36.99 points

Index gains 36.99 points

After witnessing mixed trend early in the week ending on August 20, 2010, the KSE-100 index closed at 9,860.36 points with a gain of 36.99 points. Trading shrank and average daily volume at ready counter declined to 57.36 million shares as compared to pre
Published 23 Aug, 2010 12:00am
Index gains 36.99 points

Index gains 36.99 points

After witnessing mixed trend early in the week ending on August 20, 2010, the KSE-100 index closed at 9,860.36 points with a gain of 36.99 points. Trading shrank and average daily volume at ready counter declined to 57.36 million shares as compared to pre
Published 23 Aug, 2010 12:00am
30 steel-pipe makers issued show-cause notices

30 steel-pipe makers issued show-cause notices

Pakistan customs department has issued show-cause notices to 30 steel pipe manufacturers for recovery of millions of rupees customs duty and other levies evaded on import of raw material.
Published 23 Aug, 2010 12:00am
30 steel-pipe makers issued show-cause notices

30 steel-pipe makers issued show-cause notices

Pakistan customs department has issued show-cause notices to 30 steel pipe manufacturers for recovery of millions of rupees customs duty and other levies evaded on import of raw material.
Published 23 Aug, 2010 12:00am
30 steel-pipe makers issued show-cause notices

30 steel-pipe makers issued show-cause notices

Pakistan customs department has issued show-cause notices to 30 steel pipe manufacturers for recovery of millions of rupees customs duty and other levies evaded on import of raw material.
Published 23 Aug, 2010 12:00am
30 steel-pipe makers issued show-cause notices

30 steel-pipe makers issued show-cause notices

Pakistan customs department has issued show-cause notices to 30 steel pipe manufacturers for recovery of millions of rupees customs duty and other levies evaded on import of raw material.
Published 23 Aug, 2010 12:00am
Government decides to take $100 million soft loan from IMF: Babar

Government decides to take $100 million soft loan from IMF: Babar

Federal Law Minister Babar Awan has said that the government has decided in principle to take $100 million soft loan from International Monitory Fund (IMF) to meet the expenses of relief and rehabilitation of the flood affected people. He stated this whil
Published 23 Aug, 2010 12:00am
Government decides to take $100 million soft loan from IMF: Babar

Government decides to take $100 million soft loan from IMF: Babar

Federal Law Minister Babar Awan has said that the government has decided in principle to take $100 million soft loan from International Monitory Fund (IMF) to meet the expenses of relief and rehabilitation of the flood affected people. He stated this whil
Published 23 Aug, 2010 12:00am
Government decides to take $100 million soft loan from IMF: Babar

Government decides to take $100 million soft loan from IMF: Babar

Federal Law Minister Babar Awan has said that the government has decided in principle to take $100 million soft loan from International Monitory Fund (IMF) to meet the expenses of relief and rehabilitation of the flood affected people. He stated this whil
Published 23 Aug, 2010 12:00am
Thousands evacuated in Shahdadkot

Thousands evacuated in Shahdadkot

Authorities evacuated tens of thousands from flood-threatened areas in the south on Sunday but insisted that the 2.5 million people of Hyderabad were safe from the nation's worst-ever inundation. Civilian government has faced an outpouring of fury over sl
Published 23 Aug, 2010 12:00am
Thousands evacuated in Shahdadkot

Thousands evacuated in Shahdadkot

Authorities evacuated tens of thousands from flood-threatened areas in the south on Sunday but insisted that the 2.5 million people of Hyderabad were safe from the nation's worst-ever inundation. Civilian government has faced an outpouring of fury over sl
Published 23 Aug, 2010 12:00am
Indus in super flood at Kotri

Indus in super flood at Kotri

River Indus has attained exceptionally high flood level at Kotri with inflow of 8,37,982 cusecs at 1200 PST, Flood Forecasting Division (FFD) said here on Sunday. According to FFD, the river will continue rising and is likely to attain flood level ranging
Published 23 Aug, 2010 12:00am
Indus in super flood at Kotri

Indus in super flood at Kotri

River Indus has attained exceptionally high flood level at Kotri with inflow of 8,37,982 cusecs at 1200 PST, Flood Forecasting Division (FFD) said here on Sunday. According to FFD, the river will continue rising and is likely to attain flood level ranging
Published 23 Aug, 2010 12:00am
Southern Punjab: gastro kills 23 in flood-hit areas

Southern Punjab: gastro kills 23 in flood-hit areas

At least 23 persons mostly children succumbed to gastro-enteritis in flood-hit areas of Southern Punjab during last 24 hours. Health Co-ordinator Punjab Shaikh Tariq Rashid said," we have received information from different areas of South Punjab where 23
Published 23 Aug, 2010 12:00am
52 died due to epidemics in Jaffarabad

52 died due to epidemics in Jaffarabad

52 people reportedly died due to epidemics in Jaffarabad. As relief activities by number of organisations continue Indus is in very high flood at Guddu and Sukkur flow at 783,000 and 867,000 cusecs respectively and in medium flood at Chashma-Taunsa with 4
Published 23 Aug, 2010 12:00am
52 died due to epidemics in Jaffarabad

52 died due to epidemics in Jaffarabad

52 people reportedly died due to epidemics in Jaffarabad. As relief activities by number of organisations continue Indus is in very high flood at Guddu and Sukkur flow at 783,000 and 867,000 cusecs respectively and in medium flood at Chashma-Taunsa with 4
Published 23 Aug, 2010 12:00am
Kotri Barrage is safe: Qaim

Kotri Barrage is safe: Qaim

The Chief Minister Sindh Syed Qaim Ali Shah has said that Kotri Barrage is safe and strong enough to pass even above its designed discharge, while at present the floodwater is flowing below its designed discharge. He said that the embankments of the Indus
Published 23 Aug, 2010 12:00am
Kotri Barrage is safe: Qaim

Kotri Barrage is safe: Qaim

The Chief Minister Sindh Syed Qaim Ali Shah has said that Kotri Barrage is safe and strong enough to pass even above its designed discharge, while at present the floodwater is flowing below its designed discharge. He said that the embankments of the Indus
Published 23 Aug, 2010 12:00am
World pledges $810 million: Qureshi

World pledges $810 million: Qureshi

Foreign Minister Shah Mehmood Qureshi on Sunday said that the world community during the two special sessions of the UN General Assembly pledged $254 million aid money and assured of providing $810 million for the flood affectees. Addressing a press confe
Published 23 Aug, 2010 12:00am
World pledges $810 million: Qureshi

World pledges $810 million: Qureshi

Foreign Minister Shah Mehmood Qureshi on Sunday said that the world community during the two special sessions of the UN General Assembly pledged $254 million aid money and assured of providing $810 million for the flood affectees. Addressing a press confe
Published 23 Aug, 2010 12:00am
THE RUPEE: steady trend

THE RUPEE: steady trend

The rupee managed to hold firmness against dollar during the week ended on August 20, 2010 despite higher demand for dollars by importers to meet payment requirements. On the interbank market, the rupee shed two paisa in relation to dollar for buying and
Published 23 Aug, 2010 12:00am
THE RUPEE: steady trend

THE RUPEE: steady trend

The rupee managed to hold firmness against dollar during the week ended on August 20, 2010 despite higher demand for dollars by importers to meet payment requirements. On the interbank market, the rupee shed two paisa in relation to dollar for buying and
Published 23 Aug, 2010 12:00am
MQM to back Martial Law against corrupt politicians: Altaf

MQM to back Martial Law against corrupt politicians: Altaf

Muttahida Qaumi Movement (MQM) chief Altaf Hussain said on Sunday that if army generals imposed Martial Law his faction would support the step to rid the country of the corrupt politicians and feudalism, a private TV channel reported. Addressing workers'
Published 23 Aug, 2010 12:00am
MQM to back Martial Law against corrupt politicians: Altaf

MQM to back Martial Law against corrupt politicians: Altaf

Muttahida Qaumi Movement (MQM) chief Altaf Hussain said on Sunday that if army generals imposed Martial Law his faction would support the step to rid the country of the corrupt politicians and feudalism, a private TV channel reported. Addressing workers'
Published 23 Aug, 2010 12:00am
The Weather

The Weather

The weather report on Sunday (August 22, 2010) and the forecast for Monday (August 23, 2010).

Published 23 Aug, 2010 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 16 to 20, 2010).

Published 23 Aug, 2010 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (August 22, 2010).
Published 23 Aug, 2010 12:00am
Merkel defends nuclear tax in scrap with industry

Merkel defends nuclear tax in scrap with industry

German Chancellor Angela Merkel on Sunday stood by her plan to levy a tax on nuclear power providers, pitting her coalition against industry in a turbulent return to government business after the summer lull.
Published 23 Aug, 2010 12:00am
China's CCB second quarter net up 20 percent

China's CCB second quarter net up 20 percent

China Construction Bank (CCB), posted a 20 percent rise in second-quarter profit as the world's second-biggest lender by market value seeks to raise $11 billion to fuel growth restrained by a weak capital base.
Published 23 Aug, 2010 12:00am
China's Sinopec first-half profit up

China's Sinopec first-half profit up

China's Sinopec, the largest oil refiner in Asia, said Sunday its first-half net profit rose nearly seven percent from a year earlier to 35.4 billion yuan (5.2 billion dollars). Net profit in the first six months of the year increased by 6.7 percent from
Published 23 Aug, 2010 12:00am
Former Chevron head appointed to Aramco board

Former Chevron head appointed to Aramco board

Saudi Arabia's king has appointed the Chevron Corp's former chairman as a board member of Saudi Aramco, the country's state-run oil giant. David O'Reilly's appointment, reported by the Saudi Press Agency late Saturday, came as King Abdullah named a new bo
Published 23 Aug, 2010 12:00am
BHP Billiton could be dragged into Sahara row

BHP Billiton could be dragged into Sahara row

BHP Billiton, the world's biggest miner, could be dragged into a geopolitical independence row on Monday as a result of its hostile take-over bid for Potash Corp, the Independent on Sunday reported.
Published 23 Aug, 2010 12:00am
Central China plans nuclear equipment making hub

Central China plans nuclear equipment making hub

Central China's Hubei province plans to build in the next three to five years a base to make nuclear power equipment, official news agency Xinhua reported on Sunday, part of the country's massive push to boost clean energy.
Published 23 Aug, 2010 12:00am
Losses ground Saudi low-cost carrier Sama

Losses ground Saudi low-cost carrier Sama

Low-cost Saudi carrier Sama is suspending operations after the private firm failed to obtain financing from investors or government support as losses accumulated, the airline said on Sunday. Sama said in a statement the stoppage slated to begin on Tuesday
Published 23 Aug, 2010 12:00am
Barclays' network problems fixed

Barclays' network problems fixed

Barclays said that a system crash that left thousands of customers in Britain unable to access their bank accounts or withdraw money from cash machines on Saturday had been fixed. "It was a problem for a few hours yesterday afternoon." The problems, which
Published 23 Aug, 2010 12:00am
Germany to sell Commerzbank stake as soon as possible

Germany to sell Commerzbank stake as soon as possible

Germany wants to sell its stake in the country's second biggest lender Commerzbank as soon as possible, Finance Minister Wolfgang Schaeuble said. "The faster we are out, the better," Schaeuble told the weekend edition of German newspaper Rheinische Post,
Published 23 Aug, 2010 12:00am
Dubai's Nakheel repays $680 million to creditors

Dubai's Nakheel repays $680 million to creditors

Dubai property developer Nakheel repaid 2.5 billion dirhams ($680.8 million) to contractors in July, out of the 4 billion dirhams it owes to creditors, its chairman was cited as saying on Sunday. Nakheel has the approval to restructure from 80 percent of
Published 23 Aug, 2010 12:00am
Less hile government spending to stem peso rise

Less hile government spending to stem peso rise

Chile's public spending growth in 2011 will be much less than the 9 percent forecast for 2010, which should help stem a sharp appreciation of the local peso against the dollar, Finance Minister Felipe Larrain said in an interview published on Sunday.
Published 23 Aug, 2010 12:00am
Israel ratifies OECD membership

Israel ratifies OECD membership

The government on Sunday ratified Israel's membership of the OECD club of developed economies, with the cabinet hailing it as a "diplomatic and economic" achievement. "Israel's accession to the OECD is an expression of confidence in Israel's economy as a
Published 23 Aug, 2010 12:00am
Zain Iraq to starts work in Kurdistan next year

Zain Iraq to starts work in Kurdistan next year

The Iraqi unit of Kuwait telecoms firm Zain will start operating in Iraqi Kurdistan in January and expects to boost its subscriber base by up to two million in 2011, its chief executive said on Sunday.
Published 23 Aug, 2010 12:00am
Mexican group buys stake in troubled airline

Mexican group buys stake in troubled airline

A Mexican consortium, aided by private equity firm Advent International, has stepped up to buy a controlling stake in troubled airline Mexicana after financial woes pushed the carrier to the brink of collapse.
Published 23 Aug, 2010 12:00am
Previous Day