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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-11-29
Discount rate hike unavoidable?

Discount rate hike unavoidable?

Not very long ago, the State Bank of Pakistan looked confident about economic recovery and inflation numbers. This could have never been possible without enforcing fiscal discipline, although the government continues to borrow heavily. Moreover, food pric
Published 29 Nov, 2010 12:00am
Discount rate hike unavoidable?

Discount rate hike unavoidable?

Not very long ago, the State Bank of Pakistan looked confident about economic recovery and inflation numbers. This could have never been possible without enforcing fiscal discipline, although the government continues to borrow heavily. Moreover, food pric
Published 29 Nov, 2010 12:00am
Discount rate hike unavoidable?

Discount rate hike unavoidable?

Not very long ago, the State Bank of Pakistan looked confident about economic recovery and inflation numbers. This could have never been possible without enforcing fiscal discipline, although the government continues to borrow heavily. Moreover, food pric
Published 29 Nov, 2010 12:00am
THE RUPEE: sharp fall versus dollar

THE RUPEE: sharp fall versus dollar

The rupee failed to retain its value against dollar in both the interbank and the open market due to strong demand for the US currency during the week ended on November 27, 2010. On the interbank market, the rupee lost 60 paisa in relation to the US curre
Published 29 Nov, 2010 12:00am
THE RUPEE: sharp fall versus dollar

THE RUPEE: sharp fall versus dollar

The rupee failed to retain its value against dollar in both the interbank and the open market due to strong demand for the US currency during the week ended on November 27, 2010. On the interbank market, the rupee lost 60 paisa in relation to the US curre
Published 29 Nov, 2010 12:00am
JEC revived

JEC revived

Pakistan and Sri Lanka on Friday agreed to reactivate and reinvigorate the Joint Economic Commission (JEC) to facilitate bilateral economic co-operation and monitor its progress.
Published 29 Nov, 2010 12:00am
JEC revived

JEC revived

Pakistan and Sri Lanka on Friday agreed to reactivate and reinvigorate the Joint Economic Commission (JEC) to facilitate bilateral economic co-operation and monitor its progress.
Published 29 Nov, 2010 12:00am
JEC revived

JEC revived

Pakistan and Sri Lanka on Friday agreed to reactivate and reinvigorate the Joint Economic Commission (JEC) to facilitate bilateral economic co-operation and monitor its progress.
Published 29 Nov, 2010 12:00am
US says WikiLeaks release would endanger lives

US says WikiLeaks release would endanger lives

The State Department has warned the whistleblowing website WikiLeaks that its expected release of classified US documents would endanger countless lives, jeopardise American military operations and hurt international co-operation on global security issues
Published 29 Nov, 2010 12:00am
US says WikiLeaks release would endanger lives

US says WikiLeaks release would endanger lives

The State Department has warned the whistleblowing website WikiLeaks that its expected release of classified US documents would endanger countless lives, jeopardise American military operations and hurt international co-operation on global security issues
Published 29 Nov, 2010 12:00am
Index gains 179.02 points

Index gains 179.02 points

Healthy trading was witnessed at the share market during the week ended on November 27, 2010 on the back of strong support by foreign investors. The KSE-100, closing at 11,145.02 points. The average daily volume at the ready counter increased to 118.55 mi
Published 29 Nov, 2010 12:00am
Index gains 179.02 points

Index gains 179.02 points

Healthy trading was witnessed at the share market during the week ended on November 27, 2010 on the back of strong support by foreign investors. The KSE-100, closing at 11,145.02 points. The average daily volume at the ready counter increased to 118.55 mi
Published 29 Nov, 2010 12:00am
Index gains 179.02 points

Index gains 179.02 points

Healthy trading was witnessed at the share market during the week ended on November 27, 2010 on the back of strong support by foreign investors. The KSE-100, closing at 11,145.02 points. The average daily volume at the ready counter increased to 118.55 mi
Published 29 Nov, 2010 12:00am
Futures open interest up by 26.8 percent

Futures open interest up by 26.8 percent

Total open interest position at the futures counter increased by 26.8 percent during the week ending on November 27, 2010 to Rs 1,046 million. The futures spread also increased by 40bps to 7.86 percent. Trading at the futures counter also improved signifi
Published 29 Nov, 2010 12:00am
Futures open interest up by 26.8 percent

Futures open interest up by 26.8 percent

Total open interest position at the futures counter increased by 26.8 percent during the week ending on November 27, 2010 to Rs 1,046 million. The futures spread also increased by 40bps to 7.86 percent. Trading at the futures counter also improved signifi
Published 29 Nov, 2010 12:00am
Futures open interest up by 26.8 percent

Futures open interest up by 26.8 percent

Total open interest position at the futures counter increased by 26.8 percent during the week ending on November 27, 2010 to Rs 1,046 million. The futures spread also increased by 40bps to 7.86 percent. Trading at the futures counter also improved signifi
Published 29 Nov, 2010 12:00am
Futures open interest up by 26.8 percent

Futures open interest up by 26.8 percent

Total open interest position at the futures counter increased by 26.8 percent during the week ending on November 27, 2010 to Rs 1,046 million. The futures spread also increased by 40bps to 7.86 percent. Trading at the futures counter also improved signifi
Published 29 Nov, 2010 12:00am
Partial COD facility for Reshma RPP: Ministry forcing Genco-III

Partial COD facility for Reshma RPP: Ministry forcing Genco-III

The Ministry of Water and Power is reportedly forcing Northern Power Generation Company Ltd (Genco-III), through Pakistan Electric Power Company (Pepco), to arrange special and illegal facility of partial Commercial Operation Date (COD) for one of the mos
Published 29 Nov, 2010 12:00am
Partial COD facility for Reshma RPP: Ministry forcing Genco-III

Partial COD facility for Reshma RPP: Ministry forcing Genco-III

The Ministry of Water and Power is reportedly forcing Northern Power Generation Company Ltd (Genco-III), through Pakistan Electric Power Company (Pepco), to arrange special and illegal facility of partial Commercial Operation Date (COD) for one of the mos
Published 29 Nov, 2010 12:00am
Partial COD facility for Reshma RPP: Ministry forcing Genco-III

Partial COD facility for Reshma RPP: Ministry forcing Genco-III

The Ministry of Water and Power is reportedly forcing Northern Power Generation Company Ltd (Genco-III), through Pakistan Electric Power Company (Pepco), to arrange special and illegal facility of partial Commercial Operation Date (COD) for one of the mos
Published 29 Nov, 2010 12:00am
WikiLeaks claims Saudi King urged US to attack Iran

WikiLeaks claims Saudi King urged US to attack Iran

King Abdullah of Saudi Arabia urged the United States to attack Iran to destroy its nuclear programme, according to US documents revealed by WikiLeaks, published by the Guardian newspaper Sunday.
Published 29 Nov, 2010 12:00am
WikiLeaks claims Saudi King urged US to attack Iran

WikiLeaks claims Saudi King urged US to attack Iran

King Abdullah of Saudi Arabia urged the United States to attack Iran to destroy its nuclear programme, according to US documents revealed by WikiLeaks, published by the Guardian newspaper Sunday.
Published 29 Nov, 2010 12:00am
Moroccans protest call for probe of Western Sahara incident

Moroccans protest call for probe of Western Sahara incident

Tens of thousands of people marched here Sunday to protest a call by the European Parliament for a UN probe into recent violent clashes between Moroccan forces and residents of the Western Sahara, an AFP correspondent reported.
Published 29 Nov, 2010 12:00am
India's nuclear plant with French reactors gets go-ahead

India's nuclear plant with French reactors gets go-ahead

India on Sunday gave environmental clearance for a nuclear power plant to be built in collaboration with French firm Areva, days ahead of President Nicolas Sarkozy's scheduled visit to New Delhi.
Published 29 Nov, 2010 12:00am
Delhi men in female-only metro forced to do sit-ups

Delhi men in female-only metro forced to do sit-ups

A group of male passengers travelling in a female-only carriage on New Delhi's new metro system were ordered to do sit-ups on the platform by the furious women, according to reports.
Published 29 Nov, 2010 12:00am
Dubai makes case for recovery, dangles asset sales

Dubai makes case for recovery, dangles asset sales

Dubai may sell off stakes in state-owned companies, top financial officials said on Sunday, as the Gulf Arab emirate tries to dig itself out of a $100 billion-plus debt pile.
Published 29 Nov, 2010 12:00am
Dubai makes case for recovery, dangles asset sales

Dubai makes case for recovery, dangles asset sales

Dubai may sell off stakes in state-owned companies, top financial officials said on Sunday, as the Gulf Arab emirate tries to dig itself out of a $100 billion-plus debt pile.
Published 29 Nov, 2010 12:00am
Dubai makes case for recovery, dangles asset sales

Dubai makes case for recovery, dangles asset sales

Dubai may sell off stakes in state-owned companies, top financial officials said on Sunday, as the Gulf Arab emirate tries to dig itself out of a $100 billion-plus debt pile.
Published 29 Nov, 2010 12:00am
Targets survived US missile strike

Targets survived US missile strike

The targets of a suspected US missile strike in north-western militant strongholds appeared to have survived Sunday by quickly abandoning their vehicle after an unmanned aircraft missed its first shot, local officials said.
Published 29 Nov, 2010 12:00am
Afghan gold mine raises spectre of 'resource curse'

Afghan gold mine raises spectre of 'resource curse'

The hills around dusty Nor Aaba are laced with gold but villagers have blocked work on a new mine in a dispute over jobs, a warning that Afghan plans to ramp up mining may bring trouble as well as treasure.
Published 29 Nov, 2010 12:00am
Death toll in cargo plane crash rises to 12

Death toll in cargo plane crash rises to 12

At least 12 people were killed when a Russian-made cargo plane crashed in a fireball seconds after taking off from Karachi on Sunday, a spokesman for Civil Aviation Authority said. Rescue workers recovered 12 bodies from the crash site, including four ide
Published 29 Nov, 2010 12:00am
Death toll in cargo plane crash rises to 12

Death toll in cargo plane crash rises to 12

At least 12 people were killed when a Russian-made cargo plane crashed in a fireball seconds after taking off from Karachi on Sunday, a spokesman for Civil Aviation Authority said. Rescue workers recovered 12 bodies from the crash site, including four ide
Published 29 Nov, 2010 12:00am
US and South Korea launch war games

US and South Korea launch war games

A US supercarrier and South Korean destroyer took up position in the tense Yellow Sea on Sunday for joint military exercises that were a united show of force just days after a deadly North Korean artillery attack.
Published 29 Nov, 2010 12:00am
US and South Korea launch war games

US and South Korea launch war games

A US supercarrier and South Korean destroyer took up position in the tense Yellow Sea on Sunday for joint military exercises that were a united show of force just days after a deadly North Korean artillery attack.
Published 29 Nov, 2010 12:00am
Iran and Turkmenistan inaugurate second gas pipeline

Iran and Turkmenistan inaugurate second gas pipeline

Iran and Turkmenistan on Sunday inaugurated a second gas pipeline link which will help Turkmenistan diversify exports away from Russia and boost Tehran's ambition to bypass foreign sanctions by becoming a gas hub.
Published 29 Nov, 2010 12:00am
Iran and Turkmenistan inaugurate second gas pipeline

Iran and Turkmenistan inaugurate second gas pipeline

Iran and Turkmenistan on Sunday inaugurated a second gas pipeline link which will help Turkmenistan diversify exports away from Russia and boost Tehran's ambition to bypass foreign sanctions by becoming a gas hub.
Published 29 Nov, 2010 12:00am
PEW concerned about some policies of government

PEW concerned about some policies of government

The Pakistan Economy Watch (PEW) on Sunday expressed concerns over some policies of the government and said that the policies might prove counterproductive for the development of the country. It said that the political parties have put the national intere
Published 29 Nov, 2010 12:00am
PU PVC leaves for Egypt

PU PVC leaves for Egypt

The PU Pro Vice-Chancellor Professor Dr Jamil Anwar Chaudhry left for Egypt this morning to present his research paper entitled "Micro-Analysis of Aflatoxin M1 in Dairy Products at Trace Levels and its Elimination" in the "3rd Science and Technology Confe
Published 29 Nov, 2010 12:00am
Man commits suicide in Saiwal

Man commits suicide in Saiwal

One person committed suicide over domestic issues here on Sunday, police said. Rab Nawaz committed suicide to eat poison pills after quarrels with his parents. The incident occurred in Chak 41. He was shifted to hospital but died. Police registered case a
Published 29 Nov, 2010 12:00am
Exemption for leather industry from power and gas loadshedding demanded

Exemption for leather industry from power and gas loadshedding demanded

Leather industry is the second largest exporting sector of the country after textile sector, contributing 5.4 per cent to total export earnings, facing many crises like electricity, gas loadshedding and its export has declined by 30 per cent in just last
Published 29 Nov, 2010 12:00am
Parliamentarians asked to justify their degrees before ECP

Parliamentarians asked to justify their degrees before ECP

The Election Commission of Pakistan (ECP) has warned the legislators alleged for having fake credentials of initiating one-sided proceedings against them if they failed to appear before its committee probing the matter here today (Monday).
Published 29 Nov, 2010 12:00am
Another gas crisis likely to hit KESC: Power outages to increase

Another gas crisis likely to hit KESC: Power outages to increase

The Karachi Electric Supply has been informed of another gas shortage crisis as big as the one that fell exactly one month ago. The current gas cut that commenced on Friday from 140 MMCFD has already minimised the gas supply to KESC to as low as 100 MMCFD
Published 29 Nov, 2010 12:00am
Rs 11.952 billion irregularities detected in HBFC accounts

Rs 11.952 billion irregularities detected in HBFC accounts

The Directorate of Commercial Audit (DCA) has smelled out massive financial irregularities, of Rs 11.952 billion, in the ledgers of House Building Finance Corporation (HBFC). According to the Audit report of DCA on the accounts of HBFC for the year 2009,
Published 29 Nov, 2010 12:00am
Flood-hit areas: 16 trucks loaded with relief goods dispatched

Flood-hit areas: 16 trucks loaded with relief goods dispatched

City district government has sent 16 trucks loaded with quilts, warm cloths and medicines to the flood-affected areas to help the families residing there. The trucks were sent from Iqbal Stadium, under the supervision of District Co-ordination Officer (DC
Published 29 Nov, 2010 12:00am
Mian Abdul Wahid passes away

Mian Abdul Wahid passes away

Former president Pakistan Sanitary Association and Chairman Hijaz welfare Hospital Mian Abdul Wahid passed away here on Sunday after a short illness. He was 80 years old. He was laid to rest in a local graveyard. Quran Khawani will be held at his residenc
Published 29 Nov, 2010 12:00am
Speakers call for abolishing FCR

Speakers call for abolishing FCR

People on Sunday demanded repealing of the century-old Frontier Crimes Regulations (FCR) and extension of laws to Federally Administered Tribal Areas to help redress their problems.
Published 29 Nov, 2010 12:00am
Peace body member killed

Peace body member killed

A member of peace committee was killed here on Sunday when some unidentified persons opened fire on him, police said. Niaz Ali, a local leader of Awami National Party (ANP), was killed in the front of his house when some unidentified persons opened fire o
Published 29 Nov, 2010 12:00am
Mufti Muneeb seeks security for ST rally

Mufti Muneeb seeks security for ST rally

The President, Tanzeemul Madaris, Mufti Muneebur Rehman, has urged the government to provide security to the rally of Sunni Tehreek. Addressing a press conference here on Sunday, he urged the Federal and Punjab Government to ensure that no terrorist activ
Published 29 Nov, 2010 12:00am
The Karachi Connection: A scandal too far for Sarkozy?

The Karachi Connection: A scandal too far for Sarkozy?

Murky arms deals, betrayal, kickbacks and a deadly bomb attack: France's latest scandal has all the makings of a high stakes political drama, but will Nicolas Sarkozy be cast as leading man? The president has furiously denied any implication in a web of d
Published 29 Nov, 2010 12:00am
Three policemen injured in bomb attack

Three policemen injured in bomb attack

As many as three policemen were injured as a result of a remote control bomb attack on police mobile patrolling in Urmar area here on Sunday, police said.
Published 29 Nov, 2010 12:00am
Four killed in US drone attack

Four killed in US drone attack

At least four people were killed in a US drone attack launched on Sunday afternoon in North Waziristan Agency area (NWA). According to a private television channel, a US drone fired two missiles at a vehicle suspected of carrying militants in the Hassan K
Published 29 Nov, 2010 12:00am
Two Taliban militants killed

Two Taliban militants killed

Two key Taliban militants were killed during a bloody skirmish with security forces at Sher Palum area in Swat district, officials sources said on Sunday. On a tip off regarding presence of militants at Sher Palum area, the security forces besieged the mo
Published 29 Nov, 2010 12:00am
Tripartite talks must to resolve Kashmir dispute: APHC

Tripartite talks must to resolve Kashmir dispute: APHC

All Parties Hurriyet Conference (APHC) Chairman, Mirwaiz Umar Farooq has reiterated that the Kashmir dispute can be resolved through tripartite talks involving Pakistan, India and genuine Kashmiri leadership.
Published 29 Nov, 2010 12:00am
Automobile, hospital services sectors: FPCCI, FICCI form joint committee

Automobile, hospital services sectors: FPCCI, FICCI form joint committee

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Federation of Indian Chambers of Commerce and Industry (FICCI) have agreed to set-up a joint committee to find a common ground for co-operation between the two countries in automobil
Published 29 Nov, 2010 12:00am
PML-Q MPA Zahir Shah dies

PML-Q MPA Zahir Shah dies

Senior politician and MPA of PML-Q in Khyber Pakthunkhwa Assembly, Syed Zahir Shah died due to cancer and his funeral prayer was held at his native village Meera Bisham at 4pm in Shangla district on Sunday. Police said that he was suffering from cancer fo
Published 29 Nov, 2010 12:00am
Kidnapper gangs busted, arms seized

Kidnapper gangs busted, arms seized

As many as 78 kidnapper gangs are operating in the city and police have succeeded to bust many of them by arresting them as well as other criminals. This was stated by the Deputy Inspector General (operations) Quetta, Hamid Shakil, here on Sunday.
Published 29 Nov, 2010 12:00am
British investors await manic Monday

British investors await manic Monday

London investors face a hectic return to work on Monday after the weekend break amid key updates on Ireland's bailout, official British growth forecasts and a planned tie-up between BA and Iberia. London's FTSE 100 index of top shares dropped 1.12 percent
Published 29 Nov, 2010 12:00am
Samsonite mulls $1 billion IPO in Hong Kong

Samsonite mulls $1 billion IPO in Hong Kong

Luxembourg-based luggage maker Samsonite is considering a $1 billion initial public offering in Hong Kong, the Sunday Times reported without citing sources. Samsonite, which is owned by private equity firm CVC and Royal Bank of Scotland following a debt r
Published 29 Nov, 2010 12:00am
Poland to issue road bonds

Poland to issue road bonds

Poland plans to issue road bonds at over 8 billion zlotys ($2.7 billion) next year, or at a level close to 2010 plans, Chief Executive in state-owned BGK bank said on Friday. "The plan has not been sealed yet, but we're talking about similar levels (to 20
Published 29 Nov, 2010 12:00am
Poland to issue road bonds

Poland to issue road bonds

Poland plans to issue road bonds at over 8 billion zlotys ($2.7 billion) next year, or at a level close to 2010 plans, Chief Executive in state-owned BGK bank said on Friday. "The plan has not been sealed yet, but we're talking about similar levels (to 20
Published 29 Nov, 2010 12:00am
Global Markets Weekahead: 'Haircut' risk repricing euro debt

Global Markets Weekahead: 'Haircut' risk repricing euro debt

Investors may be forced into a bigger re-appraisal of risks attached to holding eurozone government bonds, a process which could weigh on a wider group of risky assets as the year draws to a close. Uncertainty over a new eurozone crisis mechanism and whet
Published 29 Nov, 2010 12:00am
Emerging stocks to regain pole position from debt

Emerging stocks to regain pole position from debt

Emerging debt returns have nosed out their equity counterpart so far this year but stocks may be set for a strong finish due to a flood of cheap US cash and capital controls that have made foreign bond purchases costlier. In absolute terms, investment int
Published 29 Nov, 2010 12:00am
Emerging stocks to regain pole position from debt

Emerging stocks to regain pole position from debt

Emerging debt returns have nosed out their equity counterpart so far this year but stocks may be set for a strong finish due to a flood of cheap US cash and capital controls that have made foreign bond purchases costlier. In absolute terms, investment int
Published 29 Nov, 2010 12:00am
Is Europe's IPO process too longwinded?

Is Europe's IPO process too longwinded?

With billions of dollars worth of European initial public offerings pulled so far this year, bankers are asking if there are too many obstacles on the route to a listing while stock markets remain choppy. Reducing the number of banks working on a deal, sh
Published 29 Nov, 2010 12:00am
Middl East Stocks: Dubai slumps to 10-week low

Middl East Stocks: Dubai slumps to 10-week low

Dubai's index ended at a 10-week low on Sunday amid falling volumes, as most Middle East markets retreated over concerns that the European sovereign debt crises may spread in the continent.
Published 29 Nov, 2010 12:00am
French G20 agenda to push bigger yuan role

French G20 agenda to push bigger yuan role

Weaning the global monetary system off its reliance on the dollar has eluded policy makers for decades, but the wind may now be blowing in France's favour as it seeks to build a consensus for change.
Published 29 Nov, 2010 12:00am
Wall Street Weekahead: euro bears jolt US bulls but jobs may help

Wall Street Weekahead: euro bears jolt US bulls but jobs may help

There is no sign that investors' headaches from Europe are going away, but early indications of strong holiday spending and an improving labour market could soothe Wall Street next week. Fears that Europe's debt crisis could spiral out of control have pus
Published 29 Nov, 2010 12:00am
Japan market eyes US holiday season for week ahead

Japan market eyes US holiday season for week ahead

Japan's stock market is hoping for a strong US shopping season to set the tone for the coming week, amid continued concern about the eurozone and its single currency, analysts said Friday. They added that heightened tensions between the two Koreas had not
Published 29 Nov, 2010 12:00am
Commodity currencies look shaky before year-end

Commodity currencies look shaky before year-end

Commodity-linked currencies will be vulnerable to a sell-off as concerns about a slowdown in emerging Asia encourage investors to pare their exposure to risk and cut over-extended long positions before year-end.
Published 29 Nov, 2010 12:00am
BoE's Sentance repeats call for UK rate rise

BoE's Sentance repeats call for UK rate rise

The Bank of England should embark on a gradual rise in interest rates to avoid the need of a damaging sharp increase later on, policymaker Andrew Sentance said in a newspaper article on Sunday.
Published 29 Nov, 2010 12:00am
German retailers see dream start to holiday season

German retailers see dream start to holiday season

The first weekend of holiday shopping left German retailers raving about lively consumer spending, the country's retail group said, adding to signs of the rising role of domestic demand in German economic growth.
Published 29 Nov, 2010 12:00am
BP to sell Pan American stake to Bridas for $7 billion

BP to sell Pan American stake to Bridas for $7 billion

BP said it had agreed to sell its stake in Argentina-based oil and gas group Pan American Energy (PAE) to Bridas Corp, half-owned by China's CNOOC, for $7 billion, as it raises cash to pay for the Gulf oil spill.
Published 29 Nov, 2010 12:00am
Qantas chief points finger at Rolls-Royce over A380 woes

Qantas chief points finger at Rolls-Royce over A380 woes

Qantas Airways chief executive Alan Joyce has said an engine failure on an A380 superjumbo should be blamed on the engine's design and had nothing to do with the airline's operations. A mid-flight failure of a Rolls-Royce Trent 900 engine on November 4 fo
Published 29 Nov, 2010 12:00am
US shuts down counterfeit goods, music sites

US shuts down counterfeit goods, music sites

US authorities have shut down dozens of websites offering counterfeit goods and pirated music, five months after a crackdown on sites offering movie downloads.
Published 29 Nov, 2010 12:00am
Kuwait's Dar creditor panel resigns after dispute

Kuwait's Dar creditor panel resigns after dispute

A panel representing most of the creditors of Kuwait's Investment Dar, which owns half of British luxury carmaker Aston Martin, has resigned after a dispute over a restructuring plan, the firm said on Sunday. "The board will seek in due course to appoint
Published 29 Nov, 2010 12:00am
EU backs Irish bailout, to sketch resolution plan

EU backs Irish bailout, to sketch resolution plan

The European Union approved an 85 billion euro ($115 billion) rescue for Ireland on Sunday, an EU source said, and was set to announce outlines of a permanent system to try to resolve Europe's spreading debt crisis.
Published 29 Nov, 2010 12:00am
Fuel rationing returns to Yangon

Fuel rationing returns to Yangon

Fuel rationing has returned to Yangon after a brief respite during the weeks leading up to the November 7 election, media reports said Sunday. Long queues for petrol at privately owned stations have become a normal sight again in the former capital since
Published 29 Nov, 2010 12:00am
India to act against some telcos next week

India to act against some telcos next week

India's telecoms ministry is likely to announce as early as Monday action against telecoms firms who violated rules, the Times of India said. The paper said the government was expected to take a view on a state auditor's report that several ineligible fir
Published 29 Nov, 2010 12:00am
Europe can deal if needed with more crises: Barroso

Europe can deal if needed with more crises: Barroso

Europe has all the tools it needs in the event of any more crises like the ones in Ireland and Greece, European Commission president Jose Manuel Barroso said in an interview Sunday with French radio. "We have all the tools in case there are other crises"
Published 29 Nov, 2010 12:00am
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