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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-12-02
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 02 Dec, 2010 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 02 Dec, 2010 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 02 Dec, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 118,825 tonnes of cargo including 76,218 tonnes of import cargo, 42,607 tonnes of export cargo, 4,128 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 76,218 tonnes compr
Published 02 Dec, 2010 12:00am
Kenyan coffee prices rise

Kenyan coffee prices rise

The top price for Kenya's benchmark AA coffee declined to $604 from $701 per 50-kg bag at the previous sale, data from the Nairobi Coffee Exchange (NCE) showed on Wednesday. However, the lowest price for AA grade at the sale held on Tuesday increased to $
Published 02 Dec, 2010 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday as a weaker Canadian dollar enticed buying from crushers and exporters, lifting the nearby contract to a monthly gain of 0.9 percent, traders said. Total volume of 21,773 largest in more than one month, due to c
Published 02 Dec, 2010 12:00am
Latam palm oil exports falling sharply: Oil World

Latam palm oil exports falling sharply: Oil World

Palm oil exports from South and Central America have fallen sharply as trees in several countries suffer the delayed impact of drought, Hamburg-based oilseeds analysts Oil World said on Tuesday. The region's January/September 2010 palm oil exports fell to
Published 02 Dec, 2010 12:00am
US analyst cuts Brazil, Argentina soya, corn outlook

US analyst cuts Brazil, Argentina soya, corn outlook

Private US crop analyst Michael Cordonnier said Tuesday he lowered his 2010/11 soyabean and corn crop projections for Brazil and Argentina due to dry weather caused by the La Nina weather pattern and late seeding in some key production areas.
Published 02 Dec, 2010 12:00am
US wheat futures gain 3.1 percent

US wheat futures gain 3.1 percent

US wheat futures gained 3.1 percent in European and Asian trade on Wednesday, rising for the fifth straight session on concerns that adverse weather in the United States and Australia will hurt crops. "This rise is being driven by potential weather-relate
Published 02 Dec, 2010 12:00am
Oil cake market rates

Oil cake market rates

Contracts were unchanged on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The December vaida that had closed at Rs 1178.00 commenced with no change at the same rate, dealers said. The January vaida which closed at
Published 02 Dec, 2010 12:00am
KCA spot rate given Rs 300 quantum jump on cotton market

KCA spot rate given Rs 300 quantum jump on cotton market

Official spot rate was higher on the cotton market on Wednesday amid hectic demand by the mills and exporters, dealers said. The Karachi Cotton Association (KCA) moved spot rate by Rs 300 to Rs 8,800. Seed cotton prices in Sindh and Punjab were nearly unc
Published 02 Dec, 2010 12:00am
Irri, til; gur sharply up in slow trade on grain market

Irri, til; gur sharply up in slow trade on grain market

Thin business was seen on the wholesale grain market on Wednesday as most of the participants were on the sidelines due to lack of buying interest, dealers said. On the rice sector Irri-6 Sindh low type picked up Rs 105 to Rs 3280 and best type gained Rs
Published 02 Dec, 2010 12:00am
Airbus to revamp aviation's A320 workhorse

Airbus to revamp aviation's A320 workhorse

Airbus turned up the heat on emerging competitors for its most popular aircraft by pledging to upgrade the A320 jetliner with state-of-the-art engines offering 15 percent fuel savings from 2016. The world's largest planemaker said it would invest just ove
Published 02 Dec, 2010 12:00am
Belgian court fines Citibank over Lehman sales

Belgian court fines Citibank over Lehman sales

A Belgian court fined Citibank 165,000 euros (216,000 dollars) on Wednesday after determining it used "false advertising" to sell Lehman Brothers investment products without warning clients of risks. The court found that Citibank breached laws on commerci
Published 02 Dec, 2010 12:00am
Australia economy hits an air-pocket in third quarter

Australia economy hits an air-pocket in third quarter

Australia's economy grew at the slowest pace in almost two years last quarter as the booming mining sector hit an air pocket while consumers were cowed by higher interest rates, sending the local dollar skidding. Wednesday's data showed gross domestic pro
Published 02 Dec, 2010 12:00am
Spain steps up moves to tackle debt; PM scraps trip

Spain steps up moves to tackle debt; PM scraps trip

Spain said it would sell off more state assets and axe a jobless benefit, stepping up efforts to slash costs and persuade markets it will not need a bailout as its prime minister pulled out of a summit in Latin America. News of the cuts was well received
Published 02 Dec, 2010 12:00am
Europe pins hopes on ECB as crisis fears spread

Europe pins hopes on ECB as crisis fears spread

The euro rose and borrowing costs for crisis-hit eurozone countries fell on Wednesday amid speculation the ECB could take decisive steps to combat turmoil that has stoked contagion worries in the United States and Asia.
Published 02 Dec, 2010 12:00am
Russia to invest $11 billion in railways

Russia to invest $11 billion in railways

Russia will invest more than 11 billion dollars to upgrade ageing national railway equipment and infrastructure, Economic Development Minister Elvira Nabiullina said Wednesday. "The investment program of Russian Railways for 2011 is 350 billion rubles, an
Published 02 Dec, 2010 12:00am
EU sets tougher state aid rules for banks

EU sets tougher state aid rules for banks

Crisis-hit banks seeking state aid next year will have to overhaul their operations as European Union regulators further tightened rules on Wednesday as part of a strategy to wean the financial sector off state support. The rule will apply to all lenders
Published 02 Dec, 2010 12:00am
World goods trade growth slows

World goods trade growth slows

The value of world merchandise trade grew 18 percent in the third quarter, the World Trade Organisation said Wednesday, noting however that the pace of growth slowed from the second. "The value of world merchandise trade was 18 percent higher in the third
Published 02 Dec, 2010 12:00am
Japan, Europe car sales fall

Japan, Europe car sales fall

Japanese car sales slumped for the third straight month as the eurozone crisis threatened sales, while economic woes and the end of scrappage schemes threatened a bleak start to 2011 for Europe's car markets. In Europe, while austerity measures and econom
Published 02 Dec, 2010 12:00am
Chinese, Indian PMIs climb despite global worries

Chinese, Indian PMIs climb despite global worries

Manufacturing in China and India accelerated last month even as a debt crisis caused turmoil in Europe, while US factory output growth slowed slightly but still posted a 16th straight month of expansion. Two Chinese purchasing managers' indexes registered
Published 02 Dec, 2010 12:00am
General Motors car sales soar 21 percent last month

General Motors car sales soar 21 percent last month

General Motors on Wednesday reported car sales for November jumped 21 percent from a year ago in a month marked by GM's historic return to Wall Street as it sheds government ownership. The largest US automaker said sales of its four brands - Chevrolet, Bu
Published 02 Dec, 2010 12:00am
Toyota sues former General Motors over plant closure

Toyota sues former General Motors over plant closure

Toyota Motor said Wednesday it has filed a lawsuit with a US court for damages against General Motors' bankruptcy estate over the closure of their joint manufacturing plant in California. The Japanese firm claims GM's Motors Liquidation Company (MLC) shou
Published 02 Dec, 2010 12:00am
US extends ban on drilling in eastern Gulf until 2017

US extends ban on drilling in eastern Gulf until 2017

The Obama administration has extended until at least 2017 a ban on deepwater drilling in the eastern Gulf of Mexico, which was closed after the BP oil spill, a senior US official said Wednesday. The official, who asked not to be named, said an official an
Published 02 Dec, 2010 12:00am
US private employers add jobs, manufacturing grows

US private employers add jobs, manufacturing grows

US private sector payrolls rose by the biggest amount in three years in November, lifting optimism about the job market ahead of Friday's key employment report, while manufacturing data showed growth was intact. US private employers added a stronger-than-
Published 02 Dec, 2010 12:00am
Kuwait donates $500 million for east Sudan development

Kuwait donates $500 million for east Sudan development

Kuwait has donated 500 million dollars for the development of east Sudan, the foreign minister of the Gulf state said Wednesday at the start of an international conference for donors and investors. "I am pleased to announce the donation of the State of Ku
Published 02 Dec, 2010 12:00am
Amnesty urges US probe deadly Yemen strike after cable leaks

Amnesty urges US probe deadly Yemen strike after cable leaks

Amnesty International called on Wednesday for Washington to probe a missile strike in Yemen that killed dozens of people after a leaked diplomatic cable showed it was the work of the US military. The US cable published by WikiLeaks "has corroborated image
Published 02 Dec, 2010 12:00am
UK moves to restrict arrests for war crimes

UK moves to restrict arrests for war crimes

Britain has proposed legal changes restricting citizens' right to seek the arrest of foreign politicians for alleged war crimes, tackling an issue that has caused tension with Israel, officials said on Wednesday. Human rights group Amnesty International c
Published 02 Dec, 2010 12:00am
Turkish Prime Minister slams US diplomacy over WikiLeaks

Turkish Prime Minister slams US diplomacy over WikiLeaks

Turkey's prime minister accused US envoys on Wednesday of slander after leaked cables said he had accounts in Swiss banks, painted him as an authoritarian who hates Israel and leads a government with Islamist influences.
Published 02 Dec, 2010 12:00am
65 charged with kidnapping oil workers in Nigeria

65 charged with kidnapping oil workers in Nigeria

A magistrate in Nigeria's oil city of Port Harcourt has charged 65 people believed to be behind the recent abduction of some of over a dozen oil workers, police said Wednesday. "Sixty-five of them were charged on Monday. They are suspected of kidnapping s
Published 02 Dec, 2010 12:00am
Al Qaeda-linked group calls for uprising in Lebanon: SITE

Al Qaeda-linked group calls for uprising in Lebanon: SITE

A group linked to al Qaeda has urged Sunni Muslims in Lebanon to rise against the government as well as Shia militant Hezbollah, a US-based group that monitors jihadist websites said on Wednesday. "The Brigades of Abdullah Azzam released a statement from
Published 02 Dec, 2010 12:00am
Obama foes recommit to blocking his agenda

Obama foes recommit to blocking his agenda

US President Barack Obama's Republican foes laid out a year-end strategy on Wednesday that could doom efforts to approve a nuclear pact with Russia and lift a ban on gays serving openly in the military. All 42 Senate Republicans signed a letter to Democra
Published 02 Dec, 2010 12:00am
Taliban abduct demining team in east Afghanistan

Taliban abduct demining team in east Afghanistan

Taliban insurgents kidnapped seven members of an Afghan demining team in an ambush in the volatile east of the country on Wednesday and took them into neighbouring Pakistan to evade security forces, a local official said. Haji Hazrat Khaksar, the chief of
Published 02 Dec, 2010 12:00am
Iran says UN sanctions helped scientist's killers

Iran says UN sanctions helped scientist's killers

President Mahmoud Ahmadinejad accused the United Nations on Wednesday of complicity in the murder of a nuclear scientist, days before talks aimed at defusing a nuclear stand-off. Scientist Majid Shahriyari, killed in a bomb attack on his car, was buried o
Published 02 Dec, 2010 12:00am
South East Asian stocks mostly up

South East Asian stocks mostly up

Most Southeast Asian stock markets gained on Wednesday, with Indonesia outperforming due to a technical rebound after its recent fall sparked by eurozone debt problems. Investors, who had been selling for the past two weeks, seemed to set the eurozone wor
Published 02 Dec, 2010 12:00am
Nikkei average rises

Nikkei average rises

Japan's Nikkei average edged up 0.5 percent on Wednesday after falling nearly 2 percent the previous day when a liquidity squeeze hit Chinese shares, and market players said they would continue looking to Chinese equities and US economic data for directio
Published 02 Dec, 2010 12:00am
Wednesday's early afternoon trade: stocks surges two percent

Wednesday's early afternoon trade: stocks surges two percent

US stocks surged 2 percent on Wednesday on hopes European officials would take drastic measures to stabilise eurozone finances. Stocks extended gains after an official said the US would be ready to back a larger European financial stability fund. The grow
Published 02 Dec, 2010 12:00am
Wall Street slips

Wall Street slips

US stocks fell in a choppy session on Tuesday as news late in the session that Portugal's debt could be downgraded re-ignited selling in a high-volume flurry that may bode ill when markets reopen. Earlier, the S&P 500 had erased much of a 1 percent loss a
Published 02 Dec, 2010 12:00am
Treasuries higher

Treasuries higher

US Treasuries prices rose on Tuesday on anxiety over the fiscal and debt problems in Europe, but the bond market was still poised for its worst month since December 2009. Recent safety bids for Treasuries helped to recoup some of the losses from early Nov
Published 02 Dec, 2010 12:00am
Treasuries higher

Treasuries higher

US Treasuries prices rose on Tuesday on anxiety over the fiscal and debt problems in Europe, but the bond market was still poised for its worst month since December 2009. Recent safety bids for Treasuries helped to recoup some of the losses from early Nov
Published 02 Dec, 2010 12:00am
Seoul shares up

Seoul shares up

Seoul shares ended up 1.3 percent on Wednesday, fuelled by firm gains in crude oil refiners and autos such as S-Oil and Hyundai Motor, but persistent European debt concerns limited gains. The Korea Composite Stock Price Index (KOSPI) ended up 1.3 percent
Published 02 Dec, 2010 12:00am
Indian shares rise 1.7 percent

Indian shares rise 1.7 percent

Indian shares rose 1.7 percent on Wednesday to their best close in nearly two weeks as hopes of strong economic and corporate earnings growth triggered bargain hunting, after the market had fallen 2.6 percent in November. The manufacturing sector in Asia'
Published 02 Dec, 2010 12:00am
Hong Kong, Shanghai stocks up

Hong Kong, Shanghai stocks up

Shares in Shanghai and Hong Kong rose in thin trade on Wednesday, with a cash squeeze in China and fund flows out of the territory prompting risk adverse investors to avoid taking large positions. The benchmark Hang Seng Index closed up 1.05 percent at 23
Published 02 Dec, 2010 12:00am
European shares post biggest daily gain in three months

European shares post biggest daily gain in three months

European shares posted their biggest one-day gain in three months on Wednesday, buoyed by better-than-expected US labour data, and with miners gaining on strong factory output numbers from top metals consumer China. The FTSEurofirst 300 index of top Europ
Published 02 Dec, 2010 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan shares rose 1.76 percent on Wednesday to a two and a half-year closing high, led by banks including Chang Hwa, on investor hopes for an improving earnings outlook as trade ties between China and Taiwan continue to improve. State-run Chang Hwa was u
Published 02 Dec, 2010 12:00am
Middle East markets: Kuwait's index slumps to two-month low

Middle East markets: Kuwait's index slumps to two-month low

Kuwait's index slumped to a two-month low on Wednesday on market talk that a Zain shareholder had filed a court case against the company over a slated $12 billion stake sale to Abu Dhabi's Etisalat. Zain shares fell 1.4 percent to 1.400 dinars. After mark
Published 02 Dec, 2010 12:00am
FTSE claws back losses

FTSE claws back losses

Britain's leading share index rose on Wednesday, clawing back some of the losses made in the past three sessions, with commodities boosted by upbeat Chinese data and banks rallying after being hit by sovereign debt concerns. The FTSE 100 index gained 114.
Published 02 Dec, 2010 12:00am
Euribor rates drop

Euribor rates drop

Expectations the European Central Bank will have to act to stem the eurozone debt crisis grew on Wednesday, with markets taking the view that easy liquidity conditions will stay in place for now. A tightening of the yield premiums of the eurozone's more i
Published 02 Dec, 2010 12:00am
Euro inches up in Asia

Euro inches up in Asia

The euro inched up on Wednesday after a drubbing the previous day but remained near 11-week lows against the dollar in a market waiting to see what European policymakers will do next to contain worries abouteuro zone debt. The euro suffered yet another se
Published 02 Dec, 2010 12:00am
Euro gets respite in London

Euro gets respite in London

The euro rose on Wednesday as a three-day selling spree lost steam, but doubts about whether the eurozone can contain debt problems facing some states kept the single currency in range of a 2 1/2-month low versus the dollar. A slight narrowing of yield pr
Published 02 Dec, 2010 12:00am
Early morning trade: Euro recovers versus dollar

Early morning trade: Euro recovers versus dollar

The euro recovered against the dollar on Wednesday as investors reduced bearish bets on the single currency before Thursday's European Central Bank meeting, although gains may be capped by persistent fears about the region's debt problems. In early mornin
Published 02 Dec, 2010 12:00am
Euro ends November with worst monthly performance since May

Euro ends November with worst monthly performance since May

The euro reached 2-1/2-month lows against the US dollar on Tuesday and posted its worst month since May, with more losses likely next month as fears about eurozone debt run rampant and prompt risk aversion. The euro extended losses after Standard & Poor's
Published 02 Dec, 2010 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 70.44/70.47 (previous 70.39/70.42). Call Money Rates: 7.00-18.50 percent (previous 5.50-15.00 percent).
Published 02 Dec, 2010 12:00am
Yuan slightly up

Yuan slightly up

China's yuan ended slightly higher against the dollar on Wednesday, as the dollar index fell slightly in early European trade. Spot yuan ended at 6.6634 versus the dollar, up slightly from Tuesday's close of 6.6670 and was up 2.44 percent since the PBOC a
Published 02 Dec, 2010 12:00am
Swiss franc retreats

Swiss franc retreats

The Swiss franc pulled back from 10-week highs against the euro on Wednesday as traders waited to see if policymakers will take further action to contain eurozone debt concerns. The bounce in the euro came after three days of sustained losses, which on Tu
Published 02 Dec, 2010 12:00am
Indian rupee posts best single-day gain

Indian rupee posts best single-day gain

The Indian rupee posted its biggest single-day gain in two months on Wednesday tracking a sharp rebound in the euro, while dollar sales by exporters and a couple of large corporates also helped. The partially convertible rupee closed at 45.37/38 per dolla
Published 02 Dec, 2010 12:00am
Baht, rupiah rise

Baht, rupiah rise

The Thai baht edged higher against the dollar on Wednesday after the Bank of Thailand surprised markets with an interest rate rise and said rates would rise further. The baht last stood at 30.02/05 to the dollar, up from around 30.09/14 just ahead of the
Published 02 Dec, 2010 12:00am
Australian dollar tumbles

Australian dollar tumbles

The Australian dollar hit a 2-1/2-month low on Wednesday after disappointing third-quarter growth data led investors to sell more of the currency that was already entrenched in a downtrend. The Australian dollar slumped over half a cent to a low of $0.953
Published 02 Dec, 2010 12:00am
Sterling slips versus euro

Sterling slips versus euro

Sterling slipped against a firmer euro on Wednesday as investors pared short positions in the single currency ahead of an ECB policy meeting, while strong UK manufacturing data supported the pound versus the dollar. The European Central Bank is expected t
Published 02 Dec, 2010 12:00am
Bank of Thailand surprises with rate rise

Bank of Thailand surprises with rate rise

Thailand's central bank surprised financial markets on Wednesday by raising its benchmark interest rate 25 basis points to 2.0 percent and made it clear there would be further tightening to curb inflation, pushing up the baht. Most economists had expected
Published 02 Dec, 2010 12:00am
California city approves plan to exit bankruptcy

California city approves plan to exit bankruptcy

The city council of Vallejo in California unanimously approved a financial plan late on Tuesday to exit its landmark bankruptcy, which the town declared two years ago in the face of mounting fiscal woes. Vallejo, a former Navy town located between San Fra
Published 02 Dec, 2010 12:00am
Hammer blow for United as holders go out

Hammer blow for United as holders go out

Holders Manchester United were knocked out of the English League Cup after the Premier League leaders suffered a shock 4-0 loss away to bottom of the table West Ham at a snowy Upton Park on Tuesday. United, who've won the trophy for the past two seasons,
Published 02 Dec, 2010 12:00am
Russian fury on eve of World Cup vote

Russian fury on eve of World Cup vote

Last-ditch lobbying for the 2018 and 2022 World Cups cranked into overdrive Wednesday as Russian Prime Minister Vladimir Putin launched a scathing attack on England's bid on the eve of the vote. The five countries battling for the 2022 football extravagan
Published 02 Dec, 2010 12:00am
Gambhir leads India to easy win

Gambhir leads India to easy win

India's stand-in captain Gautam Gambhir cracked an unbeaten 138 off 116 balls to lift the hosts to an eight-wicket win over New Zealand in the second one-day international on Wednesday. The left-hander's eighth one-day century enabled India to surpass New
Published 02 Dec, 2010 12:00am
ICC extends use of referrals to ODIs before World Cup

ICC extends use of referrals to ODIs before World Cup

The Decision Review System (DRS) has been extended to bilateral one-day internationals to help teams get used to it in time for next year's World Cup, the International Cricket Council (ICC) said on Wednesday. The ICC currently allows the use of DRS, whic
Published 02 Dec, 2010 12:00am
Bravo impresses on rain-hit day

Bravo impresses on rain-hit day

Darren Bravo hit an impressive 63 not out for his third half-century to boost the West Indies in the third and final Test against Sri Lanka on Wednesday. Bravo, who made 58 and 80 in the first two Tests, cracked nine fours in his 111-ball knock to steady
Published 02 Dec, 2010 12:00am
Kamran, Malik disappointed over exclusion

Kamran, Malik disappointed over exclusion

Pakistan's Kamran Akmal and Shoaib Malik on Wednesday expressed disappointment at being dropped from Twenty20 and Test squads against New Zealand, clamouring for answers from the cricket board. Chief selector Mohsin Khan said Kamran, Malik and Kaneria - a
Published 02 Dec, 2010 12:00am
Workshop on Remittance Call Centre held

Workshop on Remittance Call Centre held

Institute of Bankers Pakistan in collaboration with Pakistan Remittance Initiative - PRI (A joint initiative of State Bank of Pakistan, Ministry of Overseas Pakistanis and Ministry of Finance) organised one-day workshop on Remittance Call Centre, recently
Published 02 Dec, 2010 12:00am
'Good Indo-Pak ties must for South Asia's uplift'

'Good Indo-Pak ties must for South Asia's uplift'

"Amicable relation between India and Pakistan is fundamental for strengthening South Asian Community and boosting intra-SAARC economic co-operation. However, a greater political-will shall be required by two major players to resolve political issues, whic
Published 02 Dec, 2010 12:00am
Centre, provinces lock horns: fate of LHWs, LHSs hangs in balance

Centre, provinces lock horns: fate of LHWs, LHSs hangs in balance

Provinces and the Centre are at loggerheads over payment of salaries to Lady Health Workers (LHWs), Lady Health Supervisors (LHSs) and accountants, which according to the Supreme Court judgement on November 3, 2010 has been increased from Rs 3,500 to Rs 7
Published 02 Dec, 2010 12:00am
Traders, industrialists reject hike in interest rate

Traders, industrialists reject hike in interest rate

Traders and industrialist alike have rejected the decision of State Bank of Pakistan to revise interest rate upward to 14 percent and termed the decision as anti-economy move.
Published 02 Dec, 2010 12:00am
Textile sector: FBR blocks 1,170 ST refund pay orders

Textile sector: FBR blocks 1,170 ST refund pay orders

The Federal Board of Revenue (FBR) has blocked the payments of some 1170 sales tax refund pay orders (RPOs) particularly relating to textile sector, Business Recorder learnt on Wednesday. According to sources, the move is one of precautionary measu
Published 02 Dec, 2010 12:00am
PTCL offers special incentive package for employees

PTCL offers special incentive package for employees

Pakistan Telecommunication Company Ltd (PTCL) has offered 'Special December Incentive Package' for the facilitation of its employees. Under the newly announced package, acquiring rates of PTCL products like landline, broadband and DSL have been reduced fo
Published 02 Dec, 2010 12:00am
Cycle bomb, shootout kill two soldiers: five alleged terrorists killed

Cycle bomb, shootout kill two soldiers: five alleged terrorists killed

Paramilitary said a bomb planted on a bicycle and a shootout killed two soldiers and wounded seven others in separate incidents Kech on Wednesday. The Frontier Corps said the exchange of fire took place in the far-flung Kechh district, in the insurgency-r
Published 02 Dec, 2010 12:00am
PSM successfully tests process of Coke Oven-I (battery)

PSM successfully tests process of Coke Oven-I (battery)

Pakistan Steel Mills (PSM) on Wednesday successfully tested the Pre-heating process of Coke Oven-I (battery) mill, after the Oven's capital repair/overhauling by a team of engineers from Ukraine and Pakistan Steel. With the completion of repairing of batt
Published 02 Dec, 2010 12:00am
White House memo outlines new anti-leak measures

White House memo outlines new anti-leak measures

The White House has set up a special anti-WikiLeaks panel after the embarrassing flood of State Department cables leaked by the website, and its proposals include teams of inspectors who would prowl government agencies looking for ways to tighten security
Published 02 Dec, 2010 12:00am
Indian former minister in telecom row bemoans trial by media

Indian former minister in telecom row bemoans trial by media

The former minister at the heart of potentially one of the biggest corruption cases in Indian history said Wednesday he had already been "tried and convicted" by the media. Former telecom minister A. Raja quit last month over the scandal involving the sal
Published 02 Dec, 2010 12:00am
Fraud claims block results in tense Ivory Coast vote

Fraud claims block results in tense Ivory Coast vote

Results in Ivory Coast's landmark presidential election were delayed Wednesday as backers of President Laurent Gbagbo accused the opposition of fraud and urged that polls in several regions be scrapped. Authorities had promised to announce results Wednesd
Published 02 Dec, 2010 12:00am
Jordanian king's grandfather dies

Jordanian king's grandfather dies

The British grandfather of Jordan's King Abdullah II died in Amman on Wednesday at 95, the Jordanian royal court announced. The body of Walter Percy Gardiner, a retired British army colonel from Norfolk, will be buried on Thursday in Jordan in special cer
Published 02 Dec, 2010 12:00am
Obama won't allow drilling off Atlantic, Florida

Obama won't allow drilling off Atlantic, Florida

The Obama administration will announce on Wednesday that it will not allow drilling off the Atlantic Coast or off Florida in the eastern Gulf of Mexico as part of a new plan running from 2012 to 2017, an administration official told Reuters. The new drill
Published 02 Dec, 2010 12:00am
India ratifies key spending bill amid corruption row

India ratifies key spending bill amid corruption row

India's ruling coalition forced a key spending bill through parliament, which remained deadlocked on Wednesday over demands by the opposition for a probe into one of several graft scandals to hit the government. The bill was passed by a voice vote, a proc
Published 02 Dec, 2010 12:00am
India software czar gives two billion dollars of shares to charity

India software czar gives two billion dollars of shares to charity

Indian software tycoon Azim Premji said Wednesday he would donate two billion dollars in shares to a new charitable trust for education. Premji, known as India's Bill Gates for his pledge to give away most of his 17-billion-dollar fortune, said he is tran
Published 02 Dec, 2010 12:00am
Cyber Monday sales top $1 billion for first time

Cyber Monday sales top $1 billion for first time

Americans jumped on deals and promotions offered online on Cyber Monday, spending $1 billion and making it the busiest online shopping day ever, according to new data. Research firm comScore Inc says revenue rose 16 percent from a year ago to $1.03 billio
Published 02 Dec, 2010 12:00am
Britain protected US interests in Iraq inquiry: WikiLeaks

Britain protected US interests in Iraq inquiry: WikiLeaks

The previous British government restricted the reach of an inquiry into the Iraq war to protect US interests, The Times newspaper claimed Wednesday. The Chilcot inquiry was set up by former Prime Minister Gordon Brown to pinpoint lessons from the war, but
Published 02 Dec, 2010 12:00am
Clinton didn't order diplomats to spy

Clinton didn't order diplomats to spy

President Barack Obama's spokesman is labelling as ``ridiculous' an assertion by the founder of WikiLeaks that Secretary of State Hillary Rodham Clinton should resign if she was involved in asking US diplomats to gather intelligence at the United Nations.
Published 02 Dec, 2010 12:00am
Tehran woman hanged for murder

Tehran woman hanged for murder

An Iranian woman convicted of murder was hanged Wednesday in the Evin prison in the capital Tehran, ISNA news agency reported. The case of Shahla J had attracted media attention over the last eight years as her victim was the wife of famous football playe
Published 02 Dec, 2010 12:00am
Nato open to staying in Iraq beyond end 2011: commander

Nato open to staying in Iraq beyond end 2011: commander

Nato is prepared to extend its troop deployment in Iraq in order to train police beyond the end of 2011, one of its commanders, Admiral Samuel J. Locklear, said on Wednesday. "I believe that if the government of Iraq and the people of Iraq desire engageme
Published 02 Dec, 2010 12:00am
UN atom agency head 'solidly in US court': WikiLeaks

UN atom agency head 'solidly in US court': WikiLeaks

UN nuclear watchdog chief Yukiya Amano suggested before he took office last year that he was "solidly in the US court" on key issues including Iran, US diplomatic cables cited by the Guardian newspaper said. The report may worsen tension between Amano, th
Published 02 Dec, 2010 12:00am
Belarus joins US drive to control uranium stocks

Belarus joins US drive to control uranium stocks

Belarus pledged on Wednesday to eliminate stocks of highly enriched uranium by 2012, joining US President Barack Obama's drive to clamp new controls on material used in atomic bombs, the US State Department said.
Published 02 Dec, 2010 12:00am
US, Seoul end war games, spy chief predicts more attacks

US, Seoul end war games, spy chief predicts more attacks

The US and South Korean navies Wednesday ended a major show of strength intended to deter North Korea from repeating last week's deadly artillery bombardment, but Seoul's spy chief said new attacks were likely. The allies' biggest-ever joint manoeuvre, wh
Published 02 Dec, 2010 12:00am
US calls for stronger OSCE support for Afghan war

US calls for stronger OSCE support for Afghan war

The United States called on Europe's main security watchdog on Wednesday to prove its mettle by giving more support to the war in Afghanistan and working to resolve simmering conflicts across the former Soviet Union. US Secretary of State Hillary Clinton
Published 02 Dec, 2010 12:00am
UN report heightens double dip recession fears

UN report heightens double dip recession fears

The United Nations warned Wednesday that world growth in the next two years will not be enough to recover jobs lost in the financial crisis and that key countries could be heading for a double-dip recession. The United States, Japan and major European eco
Published 02 Dec, 2010 12:00am
Poor accuse Japan of jeopardising UN climate talks

Poor accuse Japan of jeopardising UN climate talks

Developing countries accused Japan on Wednesday of reneging on promises to extend the fight against global warming beyond 2012 and said the talks in Mexico would fail unless Tokyo backed down. Japan, which is among almost 40 rich nations curbing greenhous
Published 02 Dec, 2010 12:00am
Afghanistan announces last set of election results

Afghanistan announces last set of election results

Afghanistan announced on Wednesday the final batch of results from a September 18 parliamentary election, with poll organisers aiming to wrap up a vote marred by widespread fraud and pave the way for a new parliament. The Independent Election Commission (
Published 02 Dec, 2010 12:00am
Bitter cold kills eight, hits air traffic in Europe

Bitter cold kills eight, hits air traffic in Europe

Heavy snow and subzero temperatures swept across Europe, killing at least eight homeless people in Poland, closing major airports in Britain and Switzerland, and causing delays to rail and road traffic across the continent. In addition to Gatwick, one of
Published 02 Dec, 2010 12:00am
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