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Nov 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-09-27
THE RUPEE: fall likely to continue

THE RUPEE: fall likely to continue

The rupee may continue its fall with gradual pace, after hitting record low at 86.01 against dollar on the currency market during the week ended on September 24, 2010. On the interbank market, the rupee lost 25 paisa versus dollar for buying and selling a
Published 27 Sep, 2010 12:00am
THE RUPEE: fall likely to continue

THE RUPEE: fall likely to continue

The rupee may continue its fall with gradual pace, after hitting record low at 86.01 against dollar on the currency market during the week ended on September 24, 2010. On the interbank market, the rupee lost 25 paisa versus dollar for buying and selling a
Published 27 Sep, 2010 12:00am
Agility not likely to extend PaCCS use

Agility not likely to extend PaCCS use

The Kuwait-based software supplier, Agility, is unlikely to extend provision of Pakistan Automated Customs Computerized System (PaCCS) beyond September 30, sources told Business Recorder here.
Published 27 Sep, 2010 12:00am
Agility not likely to extend PaCCS use

Agility not likely to extend PaCCS use

The Kuwait-based software supplier, Agility, is unlikely to extend provision of Pakistan Automated Customs Computerized System (PaCCS) beyond September 30, sources told Business Recorder here.
Published 27 Sep, 2010 12:00am
Agility not likely to extend PaCCS use

Agility not likely to extend PaCCS use

The Kuwait-based software supplier, Agility, is unlikely to extend provision of Pakistan Automated Customs Computerized System (PaCCS) beyond September 30, sources told Business Recorder here.
Published 27 Sep, 2010 12:00am
OGDC filled 25 key posts at high salaries against rules

OGDC filled 25 key posts at high salaries against rules

The Board of Directors (BoD) of Oil and Gas Development Company Limited (OGDC) approved irregular appointments from 2006 to 2010 on 25 key posts at attractive packages in violation of rules and regulations. Sources told Business Recorder that out o
Published 27 Sep, 2010 12:00am
OGDC filled 25 key posts at high salaries against rules

OGDC filled 25 key posts at high salaries against rules

The Board of Directors (BoD) of Oil and Gas Development Company Limited (OGDC) approved irregular appointments from 2006 to 2010 on 25 key posts at attractive packages in violation of rules and regulations. Sources told Business Recorder that out o
Published 27 Sep, 2010 12:00am
OGDC filled 25 key posts at high salaries against rules

OGDC filled 25 key posts at high salaries against rules

The Board of Directors (BoD) of Oil and Gas Development Company Limited (OGDC) approved irregular appointments from 2006 to 2010 on 25 key posts at attractive packages in violation of rules and regulations. Sources told Business Recorder that out o
Published 27 Sep, 2010 12:00am
No Pak-India foreign ministers moot fixed for today

No Pak-India foreign ministers moot fixed for today

With Pakistan insisting that India-Pakistan talks on all outstanding issues should be "result-oriented," no formal meeting between foreign ministers of the two countries has so far been fixed for Monday, according to indications available here on Sunday.
Published 27 Sep, 2010 12:00am
No Pak-India foreign ministers moot fixed for today

No Pak-India foreign ministers moot fixed for today

With Pakistan insisting that India-Pakistan talks on all outstanding issues should be "result-oriented," no formal meeting between foreign ministers of the two countries has so far been fixed for Monday, according to indications available here on Sunday.
Published 27 Sep, 2010 12:00am
Zardari, Gilani meet Kayani?

Zardari, Gilani meet Kayani?

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani met with Chief of Army Staff Gen Ashfaq Parvez Kayani on Saturday night, a private news channel reported late Sunday night. Quoting an American newspaper, the channel claimed that the t
Published 27 Sep, 2010 12:00am
Zardari, Gilani meet Kayani?

Zardari, Gilani meet Kayani?

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani met with Chief of Army Staff Gen Ashfaq Parvez Kayani on Saturday night, a private news channel reported late Sunday night. Quoting an American newspaper, the channel claimed that the t
Published 27 Sep, 2010 12:00am
Supreme Court cannot amend Constitution: Prime Minister

Supreme Court cannot amend Constitution: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Sunday reiterated that no unconstitutional change would be acceptable, saying that baseless accusations are being levelled against the government. Talking to senior journalists here, the Prime Minister reiterated
Published 27 Sep, 2010 12:00am
Supreme Court cannot amend Constitution: Prime Minister

Supreme Court cannot amend Constitution: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Sunday reiterated that no unconstitutional change would be acceptable, saying that baseless accusations are being levelled against the government. Talking to senior journalists here, the Prime Minister reiterated
Published 27 Sep, 2010 12:00am
The Weather

The Weather

The weather report on Sunday (September 26, 2010) and the forecast for Monday (September 27, 2010).

Published 27 Sep, 2010 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (September 20 to 24, 2010)

Published 27 Sep, 2010 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (September 26, 2010).
Published 27 Sep, 2010 12:00am
Former Socceroo captain 'fined for drinking' in Dubai

Former Socceroo captain 'fined for drinking' in Dubai

Former Australia football captain Craig Moore, reportedly involved in a drunken brawl in Dubai over a taxi fare, was slapped with a fine by court on Sunday for drinking, a media report said. "Moore was fined 1,000 dirhams (about 272 dollars) on Sunday for
Published 27 Sep, 2010 12:00am
Simon takes seventh ATP title

Simon takes seventh ATP title

Gilles Simon, untroubled by the new challenges of fatherhood, won his seventh ATP title when he beat German qualifier Mischa Zverev 6-3 6-2 in the final of the Metz International on Sunday. The eighth-seeded Frenchman, whose season has been hampered by a
Published 27 Sep, 2010 12:00am
Russia's Kleybanova wins WTA Korea Open

Russia's Kleybanova wins WTA Korea Open

Russia's Alisa Kleybanova won only her second WTA title on Sunday when she thumped the Czech Republic's Klara Zakopalova 6-1, 6-3 in the Hansol Korea Open final. The fifth seed and world number 28 was in fine fettle all week, recovering from losing the fi
Published 27 Sep, 2010 12:00am
Banned players can still appeal to courts

Banned players can still appeal to courts

Any player banned for life under the International Cricket Council's (ICC) anti-corruption code can still attempt to have the sanction overturned by a civil court, according to a leading British sports lawyer. Pakistan test captain Salman Butt and pace bo
Published 27 Sep, 2010 12:00am
Indian boxer floored by bed collapse

Indian boxer floored by bed collapse

Indian boxer Akhil Kumar has been floored by a collapsing bed at the athletes' village in the latest blow to the Commonwealth Games in New Delhi. The Games, which open on October 3, have been rocked by dirty and unfinished accommodation, an outbreak of de
Published 27 Sep, 2010 12:00am
India removes snakes, filth to ready Games village

India removes snakes, filth to ready Games village

Workers painted walls, drained out rain water and removed a snake at the Commonwealth Games Village as India raced on Sunday to address complaints of filth and hygiene a week before the start of the showpiece event.
Published 27 Sep, 2010 12:00am
Grafite double gives Wolfsburg another win

Grafite double gives Wolfsburg another win

VfL Wolfsburg's Brazilian striker Grafite headed two goals to secure a 2-1 home win over Freiburg in the Bundesliga on Sunday, leaving the visitors to rue an extraordinary miss by striker Papiss Demba Cisse. The Bundesliga's top scorer, who netted Freibur
Published 27 Sep, 2010 12:00am
Kenyan Makau wins Berlin Marathon

Kenyan Makau wins Berlin Marathon

Kenyan Patrick Makau won Sunday's rainswept Berlin Marathon in 2hr 05min 08sec, 2sec ahead of compatriot Geoffrey Mutai, with Ethiopia's Bazu Worku completing the podium a further 15sec adrift. The adverse weather meant Makau, who has the season's world l
Published 27 Sep, 2010 12:00am
Nani and Owen salvage draw for Man United

Nani and Owen salvage draw for Man United

A sensational solo goal by Portuguese winger Nani and a Michael Owen header salvaged a 2-2 draw for Manchester United against Bolton Wanderers in a lively Premier League derby on Sunday.
Published 27 Sep, 2010 12:00am
Parry records maiden Tour win

Parry records maiden Tour win

Englishman John Parry won his first EPGA event here on Sunday when he held on to win the Vivendi Cup. The 23-year-old tour rookie claimed the 169,000 pounds winners cheque with a two-shot victory over Sweden's Johan Edfors.
Published 27 Sep, 2010 12:00am
Army launches 'Young Boys Sportsmen' scheme

Army launches 'Young Boys Sportsmen' scheme

Pakistan Army has always remained at the forefront for promotion of sports in the country. It has the unique honour of having sports legends of international standing like Honorary Captain Mubarak, Honorary Capitan Bashir, Havaldar Khaliq, Havaldar Younas
Published 27 Sep, 2010 12:00am
'Pre-diabetes' raises risk of heart attack and stroke

'Pre-diabetes' raises risk of heart attack and stroke

A set of conditions known to accompany or portend type 2 diabetes, including obesity and high blood sugar, could more than double a person's risk of developing heart disease, according to a new study. Further, the findings suggest that these factors can e
Published 27 Sep, 2010 12:00am
Malaria comes courtesy of gorillas, DNA study shows

Malaria comes courtesy of gorillas, DNA study shows

Malaria appears to have jumped to humans from gorillas, and the parasite may have spread globally from a single gorilla to a single human, researchers reported on September 22. DNA from the droppings of nearly 3,000 apes - gorillas, chimpanzees and bonobo
Published 27 Sep, 2010 12:00am
Ocean cold snap paused global warming in 70s

Ocean cold snap paused global warming in 70s

A cold snap in northern oceans around 1970 may have caused a dip in world temperatures that briefly interrupted a trend of global warming, scientists said on September 23. Many experts had previously explained a slight global cooling around 1970 as a side
Published 27 Sep, 2010 12:00am
Old, pressed flowers give climate clues

Old, pressed flowers give climate clues

Flowers picked up to 150 years ago in Victorian England show that old collections of pressed plants around the world can help the study of climate change, scientists said.
Published 27 Sep, 2010 12:00am
Brain-protecting enzyme may fight Alzheimer's

Brain-protecting enzyme may fight Alzheimer's

Restoring levels of a nerve-protecting enzyme offers a new approach to developing treatments for Alzheimer's disease, US researchers said.They said the enzyme SIRT1 may help prevent the formation of a toxic form of the protein tau that kills brain cells i
Published 27 Sep, 2010 12:00am
Mammograms have modest impact on breast cancer

Mammograms have modest impact on breast cancer

Mammograms have only a "modest" impact on reducing breast cancer deaths, according to a study published on September 23 that added to a growing debate on the effectiveness of the routine screening. The research in the New England Journal of Medicine found
Published 27 Sep, 2010 12:00am
Satisfaction with computers at all-time high in US

Satisfaction with computers at all-time high in US

US computer buyers are happy as ever, with Apple machines yielding top satisfaction and Windows 7 operating system making amends for a loathed prior generation of the Microsoft software.
Published 27 Sep, 2010 12:00am
Superfast mobile 3G networks boom: ITU

Superfast mobile 3G networks boom: ITU

Superfast third generation (3G) mobile phone networks have expanded nearly tenfold in four years, outstripping fixed line broadband, UN's telecoms agency said on September 22. The International Telecommunications Union (ITU) predicted that 3G capacity wor
Published 27 Sep, 2010 12:00am
'Asia is fastest-growing market'

'Asia is fastest-growing market'

Asia is the fastest-growing region for new subscribers to social networking site Facebook despite restrictions on access in China, a senior company executive said on September 21. Speaking at the opening of Facebook's first Asian sales office in Singapore
Published 27 Sep, 2010 12:00am
Facebook out to make mobile phones more social

Facebook out to make mobile phones more social

Facebook sees a promising future in mobile phones but the online social networking star is not building its own handset, the founder said in a TechCrunch interview posted online on September 22.
Published 27 Sep, 2010 12:00am
Oracle reaches for the business computing 'cloud'

Oracle reaches for the business computing 'cloud'

Oracle on September 19 reached for the business computing "cloud," taking an unabashed shot at Salesforce.com's winning way of selling applications as services on the Internet. Oracle chief executive Larry Ellison unveiled an Elastic Computing Cloud combi
Published 27 Sep, 2010 12:00am
Japan to pilot digital textbooks in classrooms

Japan to pilot digital textbooks in classrooms

Japan will soon start providing electronic textbooks in primary schools, enhancing the role of IT in the classroom for a generation of "digital natives" born in the wired age. Under the "future school" project, 10 elementary schools will give all their un
Published 27 Sep, 2010 12:00am
New online Google tool shows where services blocked

New online Google tool shows where services blocked

Google released a new online tool on September 21 that shows where the Internet giant's services and products such as YouTube are being blocked around the world. "We believe that this kind of transparency can be a deterrent to censorship," David Drummond,
Published 27 Sep, 2010 12:00am
Broadband access needed to secure a million jobs

Broadband access needed to secure a million jobs

Regulators warned on September 20 that a million jobs across Europe could be at stake if national authorities fail to boost high-speed broadband Internet roll-out and take-up.
Published 27 Sep, 2010 12:00am
Dell to roll out second tablet computer

Dell to roll out second tablet computer

Dell chief executive Michael Dell on September 22 said the firm will release a second tablet computer to compete in a hot market dominated by Apple's iPad. Dell made the announcement during an on-stage presentation at Oracle's annual OpenWorld conference
Published 27 Sep, 2010 12:00am
Over 500,000 iPads on AT&T network

Over 500,000 iPads on AT&T network

AT&T chief executive Randall Stephenson said September 21 that over half a million iPad owners were using the US telecom giant's cellular network and new tablet computers were expected to help drive growth.
Published 27 Sep, 2010 12:00am
'Over 30 million people using Google Apps'

'Over 30 million people using Google Apps'

Google said on September 20 that more than 30 million people are using Google Apps, as the company unveiled enhanced security features for the Web-based suite of office tools.
Published 27 Sep, 2010 12:00am
UN wants broadband for half the world by 2015

UN wants broadband for half the world by 2015

Half of the world's population should have access to high-speed internet within five years, the United Nations said on last Sunday. The world's governments should put Internet access at the top of their agendas, said Hamadoun Toure, secretary general of t
Published 27 Sep, 2010 12:00am
Millions download freshly-launched Internet Explorer 9

Millions download freshly-launched Internet Explorer 9

Millions of people have downloaded Internet Explorer 9 (IE9) since Microsoft released the test version of its next-generation Web browser a week ago. More than two million people around the world downloaded the beta IE9 during the two days following its r
Published 27 Sep, 2010 12:00am
Google M&A boss eyes record year

Google M&A boss eyes record year

In the fast-paced world of Silicon Valley innovation, Google's chief dealmaker David Lawee puts many a youthful engineer to shame. As head of Google's M&A group, he has powered up the search giant's acquisition machine and his team is on track to nail dow
Published 27 Sep, 2010 12:00am
Toyota to produce new compact hybrid in France

Toyota to produce new compact hybrid in France

Japanese carmaker Toyota will invest 53 million euros (71 million dollars) to produce a new hybrid vehicle at its plant in France, a decision welcomed on September 25 by government and unions. Production will begin in 2012 at Toyota's Onnaing plant near t
Published 27 Sep, 2010 12:00am
Renault must go to US, China

Renault must go to US, China

French carmaker Renault won't be able to rely for ever on partner Nissan's presence in China and the United States, the world's two biggest car markets, but it is right not to rush to conquer them itself.
Published 27 Sep, 2010 12:00am
StanChart sees greater risk in developed world

StanChart sees greater risk in developed world

Developed economies pose more risk than emerging markets and the difficulties of the West could hurt developing nations' economies, said Standard Chartered Chief Executive Peter Sands. Regulatory changes that complicate business and the slow pace of the r
Published 27 Sep, 2010 12:00am
Dividend stocks draw flood of risk-shy cash

Dividend stocks draw flood of risk-shy cash

Targeting equities with high dividends has been attractive for some time, but what began as a short-term defensive strategy for some institutional investors fearful over falling bond returns is turning into a flood.
Published 27 Sep, 2010 12:00am
Dividend stocks draw flood of risk-shy cash

Dividend stocks draw flood of risk-shy cash

Targeting equities with high dividends has been attractive for some time, but what began as a short-term defensive strategy for some institutional investors fearful over falling bond returns is turning into a flood.
Published 27 Sep, 2010 12:00am
Syria and Iraq to reinstate ambassadors

Syria and Iraq to reinstate ambassadors

Neighbouring Syria and Iraq will reinstate ambassadors in each other's countries, part of a renewed effort to improve bilateral relations after a political war of words led to a tense fallout between the two countries last year.
Published 27 Sep, 2010 12:00am
Sahara army chiefs meet to draft anti-Qaeda plan

Sahara army chiefs meet to draft anti-Qaeda plan

Military chiefs from four Saharan countries met on Sunday to set out a joint strategy for fighting al Qaeda's north African wing, the group holding seven foreigners hostage in the Sahara desert.
Published 27 Sep, 2010 12:00am
Nepal fails in eighth attempt to elect new prime minister

Nepal fails in eighth attempt to elect new prime minister

Nepal's Maoist party called Sunday for the formation of a new power-sharing government after parliament failed for the eighth time to elect a new prime minister. The former rebels abstained from Sunday's vote, the latest in a series of attempts to elect a
Published 27 Sep, 2010 12:00am
China-Russia ties 'sealed by blood': Medvedev

China-Russia ties 'sealed by blood': Medvedev

Russian President Dmitry Medvedev arrived in north-east China for an official visit Sunday saying that Moscow's ties with Beijing were "sealed by blood" spilled fighting a common enemy.
Published 27 Sep, 2010 12:00am
Texas school board to remove pro-Islam textbooks

Texas school board to remove pro-Islam textbooks

The Texas board of education voted to reject any textbooks which paint Islam in too favourable of a light, vowing to curtail what it sees as a "pro-Islam/anti-Christian" bias in school books.
Published 27 Sep, 2010 12:00am
Twelve dead in Polish tourist bus crash in Germany

Twelve dead in Polish tourist bus crash in Germany

A Polish tourist bus returning from Spain careered into a bridge on a rain-soaked German motorway Sunday, killing 12 people and leaving seven in critical condition. "A car collided with a Polish tourist coach (which) then lost control and crashed with ful
Published 27 Sep, 2010 12:00am
Nobel laureate launches political party in Nigeria

Nobel laureate launches political party in Nigeria

Nobel laureate Wole Soyinka launched a new political party Saturday in Nigeria ahead of upcoming presidential elections, saying he wanted to take aim at corruption and give hope to young voters. The Democratic Front for a People's Federation would be not
Published 27 Sep, 2010 12:00am
Russia against sanctions to Iran despite missiles ban

Russia against sanctions to Iran despite missiles ban

Russia remains opposed to any unilateral sanctions against Iran despite banning the delivery of S-300 air defence missile systems to Tehran earlier this week, Foreign Ministry Sergei Lavrov said on Saturday.
Published 27 Sep, 2010 12:00am
Bank robbers use kidnapped teller strapped with explosives

Bank robbers use kidnapped teller strapped with explosives

Bank robbers in Miami kidnapped a teller from his home, strapped explosives on him and forced him Friday to demand an undisclosed sum of money from the branch where he works, in what an FBI agent called a most unusual bank heist.
Published 27 Sep, 2010 12:00am
Pope meets with head of under-fire Vatican bank

Pope meets with head of under-fire Vatican bank

Pope Benedict XVI met Sunday with the head of the Vatican bank in a show of support for the banker despite Italian authorities investigating him as part of a money laundering probe, ANSA news agency reported. The pope received bank president Ettore Gotti
Published 27 Sep, 2010 12:00am
Eurex sees growing Asian demand for European futures

Eurex sees growing Asian demand for European futures

European derivatives exchange Eurex sees increasing demand for its products in Asian markets such as Taiwan, with trades on leading German automaker shares and index futures popular, a top executive said.
Published 27 Sep, 2010 12:00am
Eurex sees growing Asian demand for European futures

Eurex sees growing Asian demand for European futures

European derivatives exchange Eurex sees increasing demand for its products in Asian markets such as Taiwan, with trades on leading German automaker shares and index futures popular, a top executive said.
Published 27 Sep, 2010 12:00am
Emerging markets hover near 26-month highs

Emerging markets hover near 26-month highs

Emerging markets steadied off recent highs on Friday as a better-than-expected August reading of German business confidence helped offset lacklustre US economic data and concerns about Ireland's ability to grapple down its debt and deficit Israel's shekel
Published 27 Sep, 2010 12:00am
Emerging markets hover near 26-month highs

Emerging markets hover near 26-month highs

Emerging markets steadied off recent highs on Friday as a better-than-expected August reading of German business confidence helped offset lacklustre US economic data and concerns about Ireland's ability to grapple down its debt and deficit Israel's shekel
Published 27 Sep, 2010 12:00am
Shareholder meetings via Web mute dissident voices

Shareholder meetings via Web mute dissident voices

It was at a fictional shareholder meeting that Gordon Gekko famously declared that "Greed, for lack of a better word, is good," in the original 1987 film "Wall Street." Soon movies might be the only place to hear pointed outbursts from investors. This yea
Published 27 Sep, 2010 12:00am
G20 summit will not discuss yuan: South Korea

G20 summit will not discuss yuan: South Korea

Korean Finance Minister Yoon Jeung-hyun said on Thursday it would not be appropriate for a G20 summit in Korea this year to discuss the level of China's yuan currency despite US pressure for faster appreciation.
Published 27 Sep, 2010 12:00am
British investors await flurry of corporate, economic data

British investors await flurry of corporate, economic data

Investors on the London Stock Exchange are looking ahead next week to a flurry of corporate and macroeconomic reports that should shed a clearer light on the health of the British recovery. The benchmark FTSE 100 index gained 1.51 percent to reach 5,598.4
Published 27 Sep, 2010 12:00am
Japan forex action won't stop China diversification

Japan forex action won't stop China diversification

Japan's efforts to weaken the yen may cause China some pain as it seeks to diversify its foreign exchange reserves into Japanese debt but Beijing has little option but to press on with the investment. China has long said it wants to diversify its foreign
Published 27 Sep, 2010 12:00am
Japan share prices seen under pressure

Japan share prices seen under pressure

Japanese share prices will likely remain weighed down next week as investors expect the dollar's weakness against the yen to continue, analysts said Friday. "Basically we expect the share prices will stay under pressure next week," said Daisuke Uno, chief
Published 27 Sep, 2010 12:00am
Romania mulls tapping US debt markets

Romania mulls tapping US debt markets

Romania, struggling to refinance its debt at home, will extend a programme to sell 7 billion euros in medium-term notes (MTNs) abroad and could tap the US market by early 2011, its deputy finance minister said. Under the programme, Romania will be ready t
Published 27 Sep, 2010 12:00am
Romania mulls tapping US debt markets

Romania mulls tapping US debt markets

Romania, struggling to refinance its debt at home, will extend a programme to sell 7 billion euros in medium-term notes (MTNs) abroad and could tap the US market by early 2011, its deputy finance minister said. Under the programme, Romania will be ready t
Published 27 Sep, 2010 12:00am
US stock investors eye strong September finish

US stock investors eye strong September finish

US stock investors will head into next week wondering if September will end as strongly as it began for the market, with manufacturing and personal income data among the top indicators on tap. The data will be watched for further clues on whether the econ
Published 27 Sep, 2010 12:00am
Sudan signs $500 million deals with Brazil

Sudan signs $500 million deals with Brazil

Sudanese companies signed up to $500 million worth of deals with Brazilian agricultural, construction and engineering groups, the head of the African state's biggest sugar company said on Sunday.
Published 27 Sep, 2010 12:00am
DIB raises Tamweel stake to 57.33 percent

DIB raises Tamweel stake to 57.33 percent

Dubai Islamic Bank raised its stake in Islamic mortgage firm Tamweel to 57.33 percent on Sunday, in a move that will help revive lending in Dubai's battered property market. DIB, the emirate's third-largest bank by market value, had said in June it may in
Published 27 Sep, 2010 12:00am
Swiss big bank rules to go further than Basel III

Swiss big bank rules to go further than Basel III

Swiss regulators will ask big banks UBS and Credit Suisse to go one step further than their international competitors in the amounts of core capital they hold, a newspaper reported on Sunday.
Published 27 Sep, 2010 12:00am
US set to be a posse of one on China yuan at G20

US set to be a posse of one on China yuan at G20

US Treasury Secretary Timothy Geithner faces a lonely campaign to make China's currency a major issue at the next Group of 20 summit as would-be allies shrink from confronting Beijing. Pressured by US lawmakers, Geithner vowed last week to mobilise countr
Published 27 Sep, 2010 12:00am
RAK Airways to resume passenger services

RAK Airways to resume passenger services

United Arab Emirates-based Ras al-Khaimah (RAK) Airways will resume passenger flights next month after a hiatus of about two years, its chairman announced on Sunday. "The time is now right for us to make a spectacular return into the market," Sheikh Omar
Published 27 Sep, 2010 12:00am
Iraq eyes oil firms funding for export projects

Iraq eyes oil firms funding for export projects

Iraq has asked international oil firms that won contracts to develop its vast oil reserves whether they are interested in financing the country's huge crude export infrastructure projects.
Published 27 Sep, 2010 12:00am
China needs to balance growth and inflation

China needs to balance growth and inflation

Promoting economic growth while managing inflation expectations poses a challenge to economic recovery, Chinese vice premier Wang Qishan said on Sunday. The global economic uncertainties and rising trade protectionism could take a toll on China's economic
Published 27 Sep, 2010 12:00am
UK's new opposition leader attacks deficit cut plans

UK's new opposition leader attacks deficit cut plans

Britain's new opposition leader Ed Miliband attacked government plans for deep spending cuts and signalled a tough line on banks on Sunday but denied he would "lurch to the left" or be a stooge of the unions. Strong trade union support helped Miliband, a
Published 27 Sep, 2010 12:00am
Hyundai to recall 139,500 Sonata sedans in US

Hyundai to recall 139,500 Sonata sedans in US

Hyundai Motor, South Korea's top automaker, will recall some 139,500 Sonata sedans sold in the United States, due to problems with the steering wheel that could cause a loss or reduction of control.
Published 27 Sep, 2010 12:00am
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