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Print - 2010-10-11
Meat diets pose environmental danger: report

Meat diets pose environmental danger: report

People will have to cut meat from their diets if the world is to stay within safer limits of planet-warming greenhouse gases, nitrate pollution and habitat destruction, according to a journal article published on October 04.
Published 11 Oct, 2010 12:00am
Fish-filled diet may cut prostate cancer mortality

Fish-filled diet may cut prostate cancer mortality

Eating lots of fish may not protect men from developing prostate cancer, but it could reduce their risk of dying from the disease, a new review of the medical literature suggests.
Published 11 Oct, 2010 12:00am
Satellite data sheds new light on solar cycle

Satellite data sheds new light on solar cycle

The sun may warm the Earth more during waning solar cycles, new satellite data has shown, turning scientific understanding on its head and helping to explain extreme local weather patterns, scientists said on October 06. But scientists said the findings d
Published 11 Oct, 2010 12:00am
Experts design tiny beads to monitor blood sugar

Experts design tiny beads to monitor blood sugar

Researchers in Japan have designed tiny beads that detected blood sugar levels when implanted in the ears of mice and they hope to eventually use this to replace more invasive techniques in people with diabetes.
Published 11 Oct, 2010 12:00am
Mental acuity not linked to calcium, vitamin D

Mental acuity not linked to calcium, vitamin D

Despite some evidence to the contrary, people's blood levels of calcium and vitamin D may be unrelated to their thinking, memory and other brain functions, a new study suggests. The findings, based on a government health study of Americans ages 20 to 90,
Published 11 Oct, 2010 12:00am
Gene flaw causes small brain: scientists

Gene flaw causes small brain: scientists

Microcephaly, a disorder which leads to an abnormally small brain, has been traced in part to a flaw in a gene called WDR62 that plays a key role in the development of neurons, according to studies published on October 03 by the journal Nature Genetics.
Published 11 Oct, 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 11 Oct, 2010 12:00am
US parents want better privacy protections for kids: survey

US parents want better privacy protections for kids: survey

When it comes to protecting the privacy of their children, US parents give social networks a failing grade. Three out of four parents polled by Zogby International believe social networks are not doing a good job of protecting kids' online privacy.
Published 11 Oct, 2010 12:00am
Fight crime with laptop computer

Fight crime with laptop computer

Anyone who owns a laptop computer can now fight crime for the safety of their home and win cash prizes for catching thieves red-handed, under a new British monitoring scheme that went live last week. The service works by employing an army of registered ar
Published 11 Oct, 2010 12:00am
Facebook opens new chapter on friend control

Facebook opens new chapter on friend control

Social networking website Facebook responded to widely voiced privacy concerns on October 6 with new tools that give users more control over which of their friends see their information. The new features also allow users to download all their Facebook inf
Published 11 Oct, 2010 12:00am
Technology on way to enable smartphones 'see'

Technology on way to enable smartphones 'see'

High-powered players are pumping 10 million dollars into Viewdle, a technology start-up crafting ways to let smartphones "see" things the same way people do and identify faces. The influx of cash announced this week is coming from Qualcomm, BlackBerry Par
Published 11 Oct, 2010 12:00am
Logitech unveils Google TV boxes

Logitech unveils Google TV boxes

Logitech on October 6 unveiled the first "Google TV" boxes touted as merging online content and traditional television offerings. Logitech Revue boxes were priced at 300 dollars (US) each and will be available in the United States by the end of October, a
Published 11 Oct, 2010 12:00am
Mobile & 'cloud' computing key future job skills: IBM

Mobile & 'cloud' computing key future job skills: IBM

US technology titan IBM says the job skills of the future include savvy with smartphones, tablet computers and software hosted in the Internet "cloud" rather than standard desktop computers.
Published 11 Oct, 2010 12:00am
Cellphones move into cars

Cellphones move into cars

Technology that allows cellphones to be used as navigation devices in cars took a step forward. German car industry group Consumer Electronics for Automotive (CE4A) unveiled a standard for the technology, which is being pushed by Nokia. The personal navig
Published 11 Oct, 2010 12:00am
EVerizon Wireless to sell new iPhone next year: WSJ

EVerizon Wireless to sell new iPhone next year: WSJ

Apple plans to begin producing a new iPhone that will be sold by Verizon Wireless next year, ending the run of AT&T as the exclusive US carrier, The Wall Street Journal reported on October 6.
Published 11 Oct, 2010 12:00am
PayPal lets people deposit checks using iPhones

PayPal lets people deposit checks using iPhones

A PayPal application that lets people deposit checks by scanning them with cameras built into iPhones was considered a budding success on October 8. More than 100,000 dollars worth of checks were handled by a Mobile Check Capture feature in the 36 hours a
Published 11 Oct, 2010 12:00am
Samsung to launch smartphone, tablet PC soon

Samsung to launch smartphone, tablet PC soon

South Korea's Samsung Electronics said on October 5 it would release a smartphone and tablet PC in Japan before December, its latest move in an ongoing battle with US giant Apple. The planned launch of the Galaxy S smartphone and its first tablet PC, the
Published 11 Oct, 2010 12:00am
Africa currency management improved: World Bank

Africa currency management improved: World Bank

African states rebounding from the global downturn are far better placed than in the past to ensure currencies do not become overvalued and damage competitiveness, a top World Bank official said on Saturday. World Bank Managing Director Ngozi Okonjo-Iweal
Published 11 Oct, 2010 12:00am
G20 proximity talks needed to avert foreign exchange war

G20 proximity talks needed to avert foreign exchange war

Careful calibration of a US dollar devaluation looks to be the only way to avert the sort of currency war flagged by Brazil and others, leaving G20 powers the unenviable task of agreeing some control of the process.
Published 11 Oct, 2010 12:00am
Indian rupee seen weakening marginally by end-year

Indian rupee seen weakening marginally by end-year

After rallying to its highest level in more than two years the rupee is probably near its peak, and is expected to close 2010 marginally below current levels, a Reuters poll of 42 economists showed. But analysts expect a lot of volatility between now and
Published 11 Oct, 2010 12:00am
Expected euro weakness clipped on more Fed QE

Expected euro weakness clipped on more Fed QE

The euro's expected retreat versus the dollar over the next year will be more modest than thought a month ago, a Reuters poll showed, as the US Federal Reserve may be about to embark on more asset purchases. The survey of around 60 foreign exchange strate
Published 11 Oct, 2010 12:00am
Australia, New Zealand dollars seen hanging onto steep gains

Australia, New Zealand dollars seen hanging onto steep gains

The surging Australian dollar is seen pulling back slightly in coming months but is still forecast to stay high above 90 US cents as lofty domestic interest rates attract yield-hungry investors. Around 50 analysts polled forecast the Australian dollar may
Published 11 Oct, 2010 12:00am
Tokyo investors eyes key US jobs data, G7

Tokyo investors eyes key US jobs data, G7

Tokyo traders will be watching key US jobs data and a G7 meeting later Friday but share prices may bottom out next week on inflows of capital from other markets, analysts said. Key US jobs data for September will provide a clue to the state of the world's
Published 11 Oct, 2010 12:00am
Wall Street Weekahead: Fed to run the show despite big earnings

Wall Street Weekahead: Fed to run the show despite big earnings

Not even earnings from big names like Google and GE next week will be able to pull Wall Street's focus away from the possibility of more cheap cash flowing in from the Federal Reserve. Normally when the likes of J. P Morgan or Intel -also reporting next w
Published 11 Oct, 2010 12:00am
Wall Street banks get a jump on impending rules

Wall Street banks get a jump on impending rules

Wall Street banks are taking incremental steps to scale back betting with their firms' money in hopes it will dissuade regulators from forcing more draconian curbs. Banks like Goldman Sachs Group Inc and J. P Morgan Chase are shutting down proprietary tra
Published 11 Oct, 2010 12:00am
Middle East telcos in M&A spotlight

Middle East telcos in M&A spotlight

Middle East telecoms take centre stage in the coming week as a consolidation phase looks set to begin, but weak third-quarter earnings from major Gulf Arab banks could be a drag on stocks.
Published 11 Oct, 2010 12:00am
Middle East telcos in M&A spotlight

Middle East telcos in M&A spotlight

Middle East telecoms take centre stage in the coming week as a consolidation phase looks set to begin, but weak third-quarter earnings from major Gulf Arab banks could be a drag on stocks.
Published 11 Oct, 2010 12:00am
Emerging markets' rush turning into secular move

Emerging markets' rush turning into secular move

Investors caught in the middle of simmering global currency tensions are finding little option but to grab anything that is emerging markets (EM) as low rates and a falling dollar feed into a rush into high yielding assets.
Published 11 Oct, 2010 12:00am
Emerging markets' rush turning into secular move

Emerging markets' rush turning into secular move

Investors caught in the middle of simmering global currency tensions are finding little option but to grab anything that is emerging markets (EM) as low rates and a falling dollar feed into a rush into high yielding assets.
Published 11 Oct, 2010 12:00am
British investors to study key finance meet

British investors to study key finance meet

The London stock market may extend recent gains next week as investors digest the outcome of this weekend's international finance meeting in Washington amid fresh economic data and company results. By Friday on the London Stock Exchange, the benchmark FTS
Published 11 Oct, 2010 12:00am
Two Taliban commanders, two Nato troops die

Two Taliban commanders, two Nato troops die

A senior Taliban commander and two other insurgents were killed in a firefight with Nato and Afghan forces in western Afghanistan, the military alliance said Sunday, as the government named a chief of a new council tasked with talking to insurgent groups.
Published 11 Oct, 2010 12:00am
Lawyers for Turkish victims on aid flotilla appeal to ICC

Lawyers for Turkish victims on aid flotilla appeal to ICC

Lawyers representing the Turkish victims of Israel's deadly storming of a Gaza-bound flotilla in May have called on the International Criminal Court to punish those responsible, the news agency Cihan reported Sunday.
Published 11 Oct, 2010 12:00am
Kyrgyzstan votes in landmark election

Kyrgyzstan votes in landmark election

Kyrgyz voters cast their ballots on Sunday to create the first parliamentary democracy in Central Asia, in an election many hope can unite the country four months after the worst bloodshed in its modern history.
Published 11 Oct, 2010 12:00am
Solomon Burke dies at Amsterdam airport at 70

Solomon Burke dies at Amsterdam airport at 70

Solomon Burke, the larger-than-life "King of Rock and Soul,' whose songs blended soul, gospel, country and R&B, died early Sunday at Amsterdam's Schiphol Airport at age 70.
Published 11 Oct, 2010 12:00am
Palestinians celebrate Jericho's 10,000th anniversary

Palestinians celebrate Jericho's 10,000th anniversary

The Palestinians on Sunday marked the 10,000th anniversary of the founding of Jericho, an oasis town in the West Bank that may be the world's oldest city. The festivities included a special cabinet meeting chaired by prime minister Salam Fayyad that was t
Published 11 Oct, 2010 12:00am
Obama rallies Democrats to close 'enthusiasm gap'

Obama rallies Democrats to close 'enthusiasm gap'

President Barack Obama was headlining a rally in Philadelphia on Sunday, hoping to re-ignite the type of Democratic enthusiasm that carried him to victory two years ago but is lacking just weeks before crucial congressional elections.
Published 11 Oct, 2010 12:00am
North Korea's heir debuts at giant military parade

North Korea's heir debuts at giant military parade

Secretive North Korea's leader-in-waiting, the youngest son of ailing ruler Kim Jong-il, took centre stage during a massive military parade on Sunday, his public appearing being broadcast live for the first time.
Published 11 Oct, 2010 12:00am
Iraqi ambassador back in Damascus

Iraqi ambassador back in Damascus

Iraq's ambassador to Syria resumed his duties on Sunday after a year-long spat between the neighbours sparked by massive car bombs Baghdad said were plotted in Damascus, an Iraqi diplomat said. "The Iraqi ambassador returned to Damascus last night and res
Published 11 Oct, 2010 12:00am
Wife of Chinese Nobel winner detained in Beijing

Wife of Chinese Nobel winner detained in Beijing

The wife of the Chinese activist Liu Xiaobo, who won the 2010 Nobel Peace Prize, is being detained in her Beijing home, the spokeswoman for a US based rights group said Sunday. "She is currently under de facto house arrest back in her apartment in Beijing
Published 11 Oct, 2010 12:00am
Vietnam holds largest military display in years

Vietnam holds largest military display in years

Thousands of goose-stepping soldiers marched past the tomb of Vietnam's founding president Ho Chi Minh on Sunday for the country's largest military display in years.
Published 11 Oct, 2010 12:00am
Chile rescuers reinforce shaft for miners' escape

Chile rescuers reinforce shaft for miners' escape

Chilean rescuers on Sunday reinforced an escape shaft to hoist 33 miners to freedom, bringing their stunning survival story close to its climax two months after they were trapped deep underground.
Published 11 Oct, 2010 12:00am
Dutch Antilles dissolves, two new countries created

Dutch Antilles dissolves, two new countries created

The former Dutch Caribbean colonies of Curacao and St. Maarten became autonomous countries within the Kingdom of the Netherlands on Sunday in a change of constitutional status dissolving the Netherlands Antilles.
Published 11 Oct, 2010 12:00am
I'm no saint, says Mandela

I'm no saint, says Mandela

A new collection of Nelson Mandela's private papers reveals his years of heartache at missing his family while in prison and his wariness at becoming idolised, in excerpts published Sunday The book "Conversations with Myself" goes on sale Tuesday, but pas
Published 11 Oct, 2010 12:00am
More than 4,000 complaints in Afghan poll

More than 4,000 complaints in Afghan poll

More than 4,000 formal complaints have been submitted about Afghanistan's parliamentary poll, the election watchdog said on Sunday, with more than half of those able to affect the final results. Ahmad Zia Rafat, a commissioner on the UN-backed Electoral C
Published 11 Oct, 2010 12:00am
Kadhafi warns against 'contagion' of Sudanese partition

Kadhafi warns against 'contagion' of Sudanese partition

Libyan leader Moamer Kadhafi warned on Sunday that the partition of Sudan would be a "contagious disease" that could spread to other African countries. "What is happening in Sudan could become a contagious disease that affects the whole of Africa," Kadhaf
Published 11 Oct, 2010 12:00am
Sudan president warns of greater conflict with south

Sudan president warns of greater conflict with south

Sudan's president accused former civil war foes in the south of going back on the terms of a peace deal, warning a worse conflict could erupt if the sides did not settle disputes before a referendum on secession.
Published 11 Oct, 2010 12:00am
Taiwan to keep buying arms despite warmer China ties: Ma

Taiwan to keep buying arms despite warmer China ties: Ma

Taiwan will keep buying arms abroad as it cannot rely just on improving ties with Beijing for security, President Ma Ying-jeou said Sunday, urging China to withdraw missiles pointed at the island. "Of course, for Taiwan's security we cannot place our hope
Published 11 Oct, 2010 12:00am
32 killed on China's smog-hit roads

32 killed on China's smog-hit roads

At least 32 people have been killed in traffic accidents in China over the weekend as heavy smog and fog shrouded huge swathes of the country, state press said Sunday. Eight people were killed and dozens injured when up to 30 vehicles were involved in a p
Published 11 Oct, 2010 12:00am
Lebanon flags up yet another world record

Lebanon flags up yet another world record

Having breezed through several world records in the culinary field Lebanon has now gone for the big one - the world's largest national flag, and so huge it needed an airfield. The Lebanese military on Sunday released a picture taken from the air of the ma
Published 11 Oct, 2010 12:00am
Thousands in Asia join global message on climate

Thousands in Asia join global message on climate

Tens of thousands of people in the Asia-Pacific region Sunday planted trees, collected trash and campaigned against pollution for what organisers hope is the world's biggest day of climate-change activism.
Published 11 Oct, 2010 12:00am
SU admissions deadline extended

SU admissions deadline extended

Considering the request of candidates belonging to the flood-affected areas, Vice Chancellor University of Sindh (SU), Professor Dr Nazir A. Mughal has approved extension up to Wednesday, October, 13 for submitting forms for admissions to various discipli
Published 11 Oct, 2010 12:00am
Unicef to provide clean drinking water to Nasirabad

Unicef to provide clean drinking water to Nasirabad

Unicef will install water purification plants and repair flood-damaged water supply schemes in Jaffarabad and Nasirabad districts. According to a statement issued on Sunday, the Balochistan government and the Unicef have reached an agreement under which U
Published 11 Oct, 2010 12:00am
MoIP operations 'outsourced' to a Minister's close relatives, friends

MoIP operations 'outsourced' to a Minister's close relatives, friends

The Ministry of Industries and Production (MoIP) has reportedly "outsourced" most of its operations to a group headed by a close relative of a Federal Minister, and one travel agent. Both these powerful influential brokers finalise the deals with the priv
Published 11 Oct, 2010 12:00am
35th death anniversary of Pir Ilahi Bakhsh observed

35th death anniversary of Pir Ilahi Bakhsh observed

The 35th death anniversary of a leader of Pakistan Movement and former chief minister of Sindh, Pir Ilahi Bakhsh, was observed here in a befitting manner. A statement of the Pir Ilahi Bakhsh Foundation Karachi on Sunday said that a seminar was organised o
Published 11 Oct, 2010 12:00am
Two activists of banned group rounded up

Two activists of banned group rounded up

The Karachi police have arrested two alleged activists of banned Lashkar-e-Jhangvi from Orangi Town area and recovered illegal weapons from their possession. Addressing a press conference here on Sunday at the Central Police Office, Capital City Police Of
Published 11 Oct, 2010 12:00am
Vice chancellor SU inaugurates exhibition

Vice chancellor SU inaugurates exhibition

A historic manuscript of Holy Quran was displayed in an exhibition at Research Library of the Institute of Sindhology University of Sindh. The Vice Chancellor University of Sindh Professor Dr Nazir A. Mughal inaugurated the exhibition, which was attended
Published 11 Oct, 2010 12:00am
Calls for writing off Pakistan's $55 billion foreign debts

Calls for writing off Pakistan's $55 billion foreign debts

The Anti-Debt Campaigners in Pakistan have called upon the rich donor countries as well as the international financial institutions (IFIs) to cancel all foreign debts of Pakistan owed to bilateral and multilateral creditors.
Published 11 Oct, 2010 12:00am
Unesco team visits Makli archaeological site

Unesco team visits Makli archaeological site

A delegation of Unesco led by Michel Jennies visited the Makli archeological site here on Sunday. Unesco National Programme Officer in Pakistan Farhat Gul was also present. The delegation visited Makli monuments and archeological sites.
Published 11 Oct, 2010 12:00am
MQM's politics aims at serving humanity: Altaf

MQM's politics aims at serving humanity: Altaf

Muttahida Qaumi Movement (MQM), Chief Altaf Hussain has said that his party is the only political party in the country which launched elaborate relief and rescue activities in all parts of Pakistan to help the flood victims.
Published 11 Oct, 2010 12:00am
Survival of Pakistan

Survival of Pakistan

Much is being said, written, talked about and indeed, speculated over the recent meeting of the president, prime minister and the army chief.
Published 11 Oct, 2010 12:00am
The tech helper: Don't fear the Windows Registry

The tech helper: Don't fear the Windows Registry

Search the internet for solutions to your problems with Windows, and sooner or later you'll be told to edit the Windows Registry. You'll also be told to be extremely careful. That's because the registry - a set of files containing myriad settings that det
Published 11 Oct, 2010 12:00am
Rulers with a beggar's bowl

Rulers with a beggar's bowl

Ostentation, lavish living, wasting and plundering public money, misuse of powers - just to mention a few - are well-known traits of our rulers and government officials, certainly with some notable exceptions. The word austerity is not in the dictionary o
Published 11 Oct, 2010 12:00am
Where government continues to get it wrong?

Where government continues to get it wrong?

The International Monetary Fund (IMF) supported reforms as an integral component of the Stand-by Arrangement (SBA) were considered to be a blueprint by donors to Pakistan (bilateral as well as multilateral) to turning the economy around.
Published 11 Oct, 2010 12:00am
Passage of Sacked Employees Reinstatement Bill

Passage of Sacked Employees Reinstatement Bill

The federal government succeeded in the passage of the Sacked Employees Reinstatement Bill that envisaged the reinstatement of 9,000 employees sacked during the tenure of Nawaz Sharif.
Published 11 Oct, 2010 12:00am
Problems besetting country's economy

Problems besetting country's economy

While there is dangerous confusion on the political front due to a protracted confrontation between the Executive and the Judiciary and which way the traditional arbitrator - the Army - will side, but the economic agents (businesses and investors), who ha
Published 11 Oct, 2010 12:00am
Umar Gul weds

Umar Gul weds

Umar Gul, Pakistan's hard throwing and most effective bowlers when it comes to shorter versions of cricket joined in holy matrimony with a lady doctor from the valley of Swat in a marriage arranged by his parents on Sunday. Though a star and having thousa
Published 11 Oct, 2010 12:00am
Vice chancellor PU felicitates Inam for winning gold medal

Vice chancellor PU felicitates Inam for winning gold medal

Muhammad Inam, an MBA student of Punjab University Gujranwala Campus, won gold medal in free style wrestling (bantam weight category) on the 5th day of Commonwealth games at New Dehli on Sunday. Vice Chancellor Punjab University Professor Dr Mujahid Kamra
Published 11 Oct, 2010 12:00am
India recover after North's century

India recover after North's century

Australia's bowlers built on a century by Marcus North as the tourists seized control of the second and final cricket Test against India on Sunday. Australia rode on left-hander North's 128 to reach 478 in their first innings before they were all out at t
Published 11 Oct, 2010 12:00am
Australians dodge dogs, monkeys to win road races

Australians dodge dogs, monkeys to win road races

Australian cyclists Allan Davis and Rochelle Gilmore dodged wild dogs and monkeys on the stifling empty streets of Delhi to win the Commonwealth Games men's and women's road races on Sunday. The pair showed incredible stamina to sprint to victory on the f
Published 11 Oct, 2010 12:00am
Rajasthan, Punjab thrown out of India's IPL

Rajasthan, Punjab thrown out of India's IPL

Rajasthan Royals and Kings XI Punjab have been thrown out of the Indian Premier League over ownership issues, tournament organisers said on Sunday. The governing council of the cash-rich Twenty20 event, owned by the Board of Control for Cricket in India (
Published 11 Oct, 2010 12:00am
Sri Lanka end 60-year wait

Sri Lanka end 60-year wait

Manju Wanniarachchi guaranteed Sri Lanka their first Commonwealth Games boxing medal in 60 years, while England's Callum Smith made sure of a third medal in the fighting family on Sunday. Smith outpointed Scotland's Aston Brown 4-0 to storm into the welte
Published 11 Oct, 2010 12:00am
Devvarman wins Games men's singles title

Devvarman wins Games men's singles title

Somdev Devvarman of India became the first Commonwealth Games men's singles champion on Sunday cruising to a 6-4, 6-2 win over Greg Jones of Australia. The top seed's win had local fans on their feet, 24 hours after the despair of seeing Indian glamour gi
Published 11 Oct, 2010 12:00am
Baptiste wins 200 million as Lalang hands Kenya more gold

Baptiste wins 200 million as Lalang hands Kenya more gold

England's Leon Baptiste streaked to the men's 200m title at the Commonwealth Games on Sunday as Kenya's Boaz Lalang made the most of David Rudisha's no-show to win the 800m. Wales also got itself on the top step of the podium for the first time in Delhi w
Published 11 Oct, 2010 12:00am
Nadal beats Monfils to win Japan Open

Nadal beats Monfils to win Japan Open

World number one Rafael Nadal captured his seventh title of a stellar season Sunday, outclassing Gael Monfils in straight sets to win the Japan Open tennis tournament. The 24-year-old Spaniard, who saved two match points against Serbia's Viktor Troicki in
Published 11 Oct, 2010 12:00am
Ticket fraud reported as Games miss the crowds

Ticket fraud reported as Games miss the crowds

Commonwealth Games officials said on Sunday a volunteer had been reported for ticket fraud and that they were still fixing the ticket system, halfway through an event where availability of tickets has been a major problem.
Published 11 Oct, 2010 12:00am
India thrash Pakistan to enter semis

India thrash Pakistan to enter semis

Sandeep Singh starred as India trounced arch-rivals Pakistan 7-4 in a high-scoring thriller on Sunday to storm into the semi-finals of the Commonwealth Games hockey. Faced with the prospect of elimination before the knock-out rounds, India responded with
Published 11 Oct, 2010 12:00am
Greek IMF loan could be extended

Greek IMF loan could be extended

The International Monetary Fund's short-term loan program for Greece could be shifted to a longer-term program if it stays on track, European Central Bank executive board member Lorenzo Bini Smaghi said on Sunday.
Published 11 Oct, 2010 12:00am
Bank reform costs are 'manageable': Dudley

Bank reform costs are 'manageable': Dudley

Concerns new global banking standards will crimp lending and hurt the economic recovery are "exaggerated," the head of the Federal Reserve Bank of New York said on Sunday. William Dudley, who heads the Fed bank tasked with regulating Wall Street, said the
Published 11 Oct, 2010 12:00am
Current oil price not harmful to economies: Qatar

Current oil price not harmful to economies: Qatar

The global economy is not being harmed by oil prices at current levels, Qatar's oil minister said on Sunday, adding that a price of between $70 a barrel and $85 was fair to producers and consumers. "The current price is not harmful to the global economies
Published 11 Oct, 2010 12:00am
India would intervene in foreign exchange if needed: central bank

India would intervene in foreign exchange if needed: central bank

India would intervene in the foreign exchange markets if needed to maintain stability, the central bank's governor said during a panel discussion at the International Monetary Fund in Washington on Saturday. Foreign institutional investors have pumped a r
Published 11 Oct, 2010 12:00am
Bankers hit the Go-Slow alarm on regulatory crackdown

Bankers hit the Go-Slow alarm on regulatory crackdown

A global crackdown on bank oversight could undermine a fragile economic recovery if governments move too fast and fail to cooperate, international bankers warned at a conference on Sunday.
Published 11 Oct, 2010 12:00am
Soaring Aussie dollar could hurt budget

Soaring Aussie dollar could hurt budget

The surging Australian dollar, which analysts say is set for a sustained period at or above recent record highs, could cut into national revenues as exports suffer, Treasurer Wayne Swan warned Sunday.
Published 11 Oct, 2010 12:00am
Low ECB rates for too long a risk: Stark

Low ECB rates for too long a risk: Stark

Keeping eurozone interest rates low for too long poses serious risks to the economy and price stability, European Central Bank Executive Board Member Juergen Stark was quoted as saying in an interview on Sunday.
Published 11 Oct, 2010 12:00am
Ireland sees savings 'well above' 2011 target

Ireland sees savings 'well above' 2011 target

Ireland will seek savings well above an initial target of 3 billion euros ($4.2 billion) in the 2011 budget, Minister for Finance Brian Lenihan said on Sunday. Ireland is under pressure to demonstrate it can shrink the worst budget deficit in the European
Published 11 Oct, 2010 12:00am
Turkmen president again sacks state gas firm chief

Turkmen president again sacks state gas firm chief

Turkmenistan's president has fired the head of state gas company Turkmengaz for "serious shortcomings", the second time he has removed the company's head within a year, a government source said Sunday.
Published 11 Oct, 2010 12:00am
Advanced economies must keep crisis policies: Shirakawa

Advanced economies must keep crisis policies: Shirakawa

The governor of the Bank of Japan on Sunday urged advanced economies to keep unprecedented low interest rates and other stimulative measures in place given the slow pace of economic recovery. Addressing the "major and common challenges for advanced econom
Published 11 Oct, 2010 12:00am
Iraq awards power turbine work to three Turkish firms

Iraq awards power turbine work to three Turkish firms

Iraq's Electricity Ministry said on Sunday it has awarded more than $900 million in contracts to three Turkish companies to install 20 gas turbines that will boost Iraq's power generating capacity by 2,500 megawatts. The turbines, which were purchased pre
Published 11 Oct, 2010 12:00am
Total's La Mede refinery partly shut due to strike

Total's La Mede refinery partly shut due to strike

Total's La Mede oil refinery in the south of France was partially shut down on Sunday as Marseille port workers continued their strike for a 14th day, blocking the delivery of crude oil.
Published 11 Oct, 2010 12:00am
Geithner refutes charges of government takeover of economy

Geithner refutes charges of government takeover of economy

US Treasure Secretary Timothy Geithner on Sunday refuted charges President Barack Obama planned to use the financial bailout of troubled US firms to increase the government's stake in the US economy. "President Obama adopted a strategy designed to get the
Published 11 Oct, 2010 12:00am
First Hajj flight leaves today

First Hajj flight leaves today

The first flight carrying 468 pilgrims on board, as part of pre-Hajj operation would leave Benazir Bhutto International Airport for Saudi Arabia on Monday evening. The pre-Hajj flight operation will continue for one month as this year approximately 29,000
Published 11 Oct, 2010 12:00am
WFP sets short, long term food security plan for Pakistan

WFP sets short, long term food security plan for Pakistan

The United Nations World Food Programme (WFP) is actively engaged in tackling the worst food crisis in Pakistan following massive floods in country's history, with a short and a long term programmes.
Published 11 Oct, 2010 12:00am
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