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Print - 2011-01-24
Funds' commodity holdings may hit 500 billion dollars

Funds' commodity holdings may hit 500 billion dollars

Commodity investments could near half a trillion dollars by the end of 2011 as the return of $100 oil and a broad-based rally heighten interest in the asset class to levels not seen since 2008.
Published 24 Jan, 2011 12:00am
Funds' commodity holdings may hit 500 billion dollars

Funds' commodity holdings may hit 500 billion dollars

Commodity investments could near half a trillion dollars by the end of 2011 as the return of $100 oil and a broad-based rally heighten interest in the asset class to levels not seen since 2008.
Published 24 Jan, 2011 12:00am
Key dates in Apple history

Key dates in Apple history

Key dates in the history of Apple: 1976: Co-founder and chief executive Steve Jobs and Steve Wozniak unveil the first Apple computer in Palo Alto, California. It consists of little more than a circuit board and costs just under $700.
Published 24 Jan, 2011 12:00am
Federer labours, Schiavone wins longest match

Federer labours, Schiavone wins longest match

Roger Federer made hard work of reaching his 27th consecutive grand slam quarter-final at the Australian Open on Sunday but it looked like a short shift after Francesca Schiavone's titanic tussle with Svetlana Kuznetsova.
Published 24 Jan, 2011 12:00am
Wapda wins seventh National Ju Jitsu Championship

Wapda wins seventh National Ju Jitsu Championship

Wapda won 7th National Ju Jitsu Championship by securing 77 points, while police remained runners-up with 39 points followed by Punjab for the third slot with 26 points.
Published 24 Jan, 2011 12:00am
Hussey guides Australia win

Hussey guides Australia win

David Hussey steered Australia to a four-wicket win over England in the third one-day international at the Sydney Cricket Ground on Sunday. Australia posted 215-6 to win with four overs to spare, after England scored just 214 from 48 overs - the third tim
Published 24 Jan, 2011 12:00am
Afridi must perform: former cricketers

Afridi must perform: former cricketers

Former Pakistani players have come down heavily on skipper Shahid Afridi after the team's embarrassing defeat in the first one-dayer against New Zealand in Wellington. The series holds significance as it precedes next month's World Cup in the sub-continen
Published 24 Jan, 2011 12:00am
Armstrong ends international cycling career

Armstrong ends international cycling career

Tour de France icon Lance Armstrong brought an end to his international cycling career Sunday when he completed the final stage of the Tour Down Under in Adelaide. Cancer survivor Armstrong won a record seven Tour de France yellow jerseys, but failed to p
Published 24 Jan, 2011 12:00am
Manchester United deny holding sale talks with Qatar

Manchester United deny holding sale talks with Qatar

English Premier League leaders Manchester United said on Sunday they were not for sale after the Sunday Times reported that Qatar Holding had held talks about a 1.5-billion-pound ($2.39-billion) take-over.
Published 24 Jan, 2011 12:00am
Russia officially appointed 2018 hosts

Russia officially appointed 2018 hosts

Russia on Sunday made their status as hosts of the 2018 World Cup official when signing FIFA's declaration of appointment. The ceremony formally confirmed the decision by FIFA to appoint Russia as hosts of the 2018 edition of the football extravaganza.
Published 24 Jan, 2011 12:00am
Yousuf fined, banned for two ODIs

Yousuf fined, banned for two ODIs

Pakistani batsman Mohammad Yousuf has been fined 15,000 rupees ($175) for wearing wrong coloured pads during the country's top domestic one-day tournament. Pakistan Cricket Board spokesman Nadeem Sarwar says match referee Ilyas Khan also banned Yousuf for
Published 24 Jan, 2011 12:00am
Kaymer cruises to another Abu Dhabi title

Kaymer cruises to another Abu Dhabi title

German golf star Martin Kaymer won the 2.7million dollar Abu Dhabi Golf Championship for an unprecedented third time here on Sunday charging away to win by eight shots. The 26-year-old US PGA Championship titleholder shot a bogey-free round of six-under p
Published 24 Jan, 2011 12:00am
Inter beaten for first time under Leonardo

Inter beaten for first time under Leonardo

Champions Inter Milan, desperate to make up ground after a poor start to the Serie A season, suffered their first defeat in six games under new coach Leonardo when they lost 3-1 at in-form Udinese on Sunday.
Published 24 Jan, 2011 12:00am
South Africa clinch ODI series

South Africa clinch ODI series

Yusuf Pathan hit a blistering 68-ball century but could not stop South Africa from winning the series-deciding fifth and final one-day international against India at SuperSport Park on Sunday. South Africa won by 33 runs according to the Duckworth/Lewis m
Published 24 Jan, 2011 12:00am
Telefonica, China Unicom deepen alliance

Telefonica, China Unicom deepen alliance

Spain's Telefonica and No 2 Chinese mobile operator China Unicom will deepen their strategic alliance by buying an additional $500 million stake in each other, the Spanish company said on Sunday. The two companies, which together have more than 550 millio
Published 24 Jan, 2011 12:00am
Dubai World's port division defends finances

Dubai World's port division defends finances

DP World officials defended the Dubai port operator's finances Sunday, saying the company is under no pressure to raise cash even as a sister firm announced plans to seek new terms on its debt.
Published 24 Jan, 2011 12:00am
UBS to boost bonuses by up to 25 percent

UBS to boost bonuses by up to 25 percent

Switzerland's biggest bank, UBS, is planning to boost its bonus payouts this year by up to 25 percent, Swiss weekly SonntagsZeitung said on Sunday. The newspaper cited a source with access to UBS top management as saying that Europe's biggest wealth manag
Published 24 Jan, 2011 12:00am
Greece ready to issue diaspora bond: minister

Greece ready to issue diaspora bond: minister

Greece will issue a diaspora bond aimed at Greek investors all over the world "within the next few months" in an effort to return to long term bond markets in 2011, Finance Minister George Papaconstantinou said Sunday.
Published 24 Jan, 2011 12:00am
Greece ready to issue diaspora bond: minister

Greece ready to issue diaspora bond: minister

Greece will issue a diaspora bond aimed at Greek investors all over the world "within the next few months" in an effort to return to long term bond markets in 2011, Finance Minister George Papaconstantinou said Sunday.
Published 24 Jan, 2011 12:00am
Germany to deliver EU package soon

Germany to deliver EU package soon

Germany's conservative coalition government wants to deliver a comprehensive package soon to strengthen the European rescue fund, the country's Finance Minister Wolfgang Schaeuble was quoted as saying on Sunday. "We (the coalition) agree that we want to t
Published 24 Jan, 2011 12:00am
Eurozone squares up to rescue fund re-design

Eurozone squares up to rescue fund re-design

Talks are accelerating that could see the eurozone's rescue fund given a wider remit in a bid to master a mercurial debt crisis and push national economies towards greater convergence. "We are reflecting, throwing about ideas," a European Union diplomatic
Published 24 Jan, 2011 12:00am
India to hike rates again over inflation worries

India to hike rates again over inflation worries

India's central bank is expected this week to hike interest rates for the seventh time in less than 12 months to clamp down on soaring inflation as clouds gather over the country's booming economy.
Published 24 Jan, 2011 12:00am
Beef row threat to Taiwan-US trade talks

Beef row threat to Taiwan-US trade talks

Concerns grew Sunday that trade talks between Taiwan and the United States could be shelved amid fears Washington has taken offence at the island's decision to pull drug-tainted US beef from shelves. Taiwan's deputy foreign minister Shen Lyu-hsun told par
Published 24 Jan, 2011 12:00am
Debt limit hike must be tied to cuts: US House leader

Debt limit hike must be tied to cuts: US House leader

US House of Representatives Majority Leader Eric Cantor said on Sunday his fellow Republicans would not vote to increase the US debt limit unless it was coupled with spending cuts and reforms.
Published 24 Jan, 2011 12:00am
Debt limit hike must be tied to cuts: US House leader

Debt limit hike must be tied to cuts: US House leader

US House of Representatives Majority Leader Eric Cantor said on Sunday his fellow Republicans would not vote to increase the US debt limit unless it was coupled with spending cuts and reforms.
Published 24 Jan, 2011 12:00am
China could act on currency this year: Kissinger

China could act on currency this year: Kissinger

China could act on revaluing its currency over the course of the year, without admitting defeat in their battle with the international community over its value, former US secretary of state Henry Kissinger said Sunday.
Published 24 Jan, 2011 12:00am
Boeing says 'immature' technology behind 787 delay

Boeing says 'immature' technology behind 787 delay

Boeing said on Sunday that the use of "immature" technology caused delays in the delivery of its 787 Dreamliner passenger jet, a project almost three years behind schedule. "Some of the technology was not as mature as it should have been and we put a glob
Published 24 Jan, 2011 12:00am
Saudi signs nuclear deal, to cut fossil fuel use

Saudi signs nuclear deal, to cut fossil fuel use

Top oil exporter Saudi Arabia wants to cut fossil fuel consumption within the next several decades, it said at an industry event where nuclear reactor maker Areva is set to sign a major agreement with a local Saudi partner.
Published 24 Jan, 2011 12:00am
China to expand property controls

China to expand property controls

China is to expand its limits on property purchases to second and third-tier cities, a report said Sunday, as it steps up efforts to cool its real estate market. Authorities have drawn up a list of cities that will have to implement the limits, the Chongq
Published 24 Jan, 2011 12:00am
China's economy to grow 9.8 percent in 2011

China's economy to grow 9.8 percent in 2011

A Chinese government think tank has forecast the nation's economy will grow around 9.8 percent this year, with inflation likely to come in at 3.7 percent, state media reported Sunday. Experts at the Chinese Academy of Sciences also predicted that gross do
Published 24 Jan, 2011 12:00am
One die as Bangladesh police fire at workers

One die as Bangladesh police fire at workers

At least one person died and 20 were injured Sunday near Bangladesh's capital after police fired rubber bullets at hundreds of labourers demanding a pay-hike, according to a local officer. Police chief Afzal Hossain said officers opened fire after workers
Published 24 Jan, 2011 12:00am
Trading probe reveals the temptations for 'experts'

Trading probe reveals the temptations for 'experts'

Expert network firms, currently the focus of a major US insider trading investigation, have never had to work too hard to find midlevel corporate executives willing to moonlight as paid consultants.
Published 24 Jan, 2011 12:00am
London market awaits British growth data

London market awaits British growth data

London stock market traders will next week pore over British economic growth data as they wait to see if the FTSE 100 can forge a rebound. The FTSE 100 index slid 1.76 percent over the past week to finish on Friday at 5,896.25 points. The Office of Nation
Published 24 Jan, 2011 12:00am
Bar set high with Wall Street on pullback brink

Bar set high with Wall Street on pullback brink

The much anticipated pullback is finally under way, some investors say, after a mid-week wobble. But the market is showing it still has some juice left - if earnings can meet towering expectations.
Published 24 Jan, 2011 12:00am
Regulators on the rack as Bangladesh stocks crash

Regulators on the rack as Bangladesh stocks crash

The Dhaka Stock Exchange is in meltdown and observers are blaming the crisis on mistimed interventions by regulators triggering mass panic among millions of inexperienced retail investors.
Published 24 Jan, 2011 12:00am
Canadian dollar set to outperform commodity rivals

Canadian dollar set to outperform commodity rivals

A shift by investors in commodity currencies should see the Canadian dollar outperform its close rivals, buoyed by a hawkish interest rate outlook, high oil prices and an improving picture for the U.S economy.
Published 24 Jan, 2011 12:00am
Japan stocks seen stable next week

Japan stocks seen stable next week

Japanese shares are likely to hold steady in the week ahead on the back of expectations of solid US economic recovery, brokers said Friday. In the week to January 21, the benchmark Nikkei index at the Tokyo Stock Exchange fell 2.14 percent, or 224.52 poin
Published 24 Jan, 2011 12:00am
Global markets uneasy over inflation

Global markets uneasy over inflation

Investors may be forced to rethink investment strategies that centre on the rosy prospect of low inflation as key central banks look set to renew pledges to print money in the coming week.
Published 24 Jan, 2011 12:00am
Inflation fears drive Asian stock reallocation

Inflation fears drive Asian stock reallocation

A slide in Asian equities since the start of 2011 that gained momentum this week on fears over inflation is not a rush by investors to exit emerging markets, but a paring of exposure to economies seen with most to lose. Sellers have targeted stocks in Ind
Published 24 Jan, 2011 12:00am
Middle East markets: Aldar at five-year low

Middle East markets: Aldar at five-year low

Abu Dhabi's Aldar Properties slumped to a five-year low on Sunday, extending declines since it unveiled a restructuring plan dilutive to minority shareholders. Middle East markets were mixed as Egypt, Qatar and Dubai made further losses, while Oman and Sa
Published 24 Jan, 2011 12:00am
Offshore yuan market hot

Offshore yuan market hot

The nascent offshore yuan market's growth in Hong Kong has been rapid, but its shortcomings are giving rise to a synthetic sister that may grow even more quickly.
Published 24 Jan, 2011 12:00am
Sukuk market seen reviving

Sukuk market seen reviving

Global sales of Islamic bonds are forecast to rise nearly 60 percent this year to more than $22 billion as economic recoveries and high crude oil prices revive the market, a Reuters quarterly poll showed.
Published 24 Jan, 2011 12:00am
Sukuk market seen reviving

Sukuk market seen reviving

Global sales of Islamic bonds are forecast to rise nearly 60 percent this year to more than $22 billion as economic recoveries and high crude oil prices revive the market, a Reuters quarterly poll showed.
Published 24 Jan, 2011 12:00am
Egypt blames Palestinian group for church bombing

Egypt blames Palestinian group for church bombing

Egypt's interior minister said on Sunday the government had proof that the Army of Islam, a Palestinian group linked to al Qaeda, was behind the New Year's Day bombing of a church that killed 23 people. The Army of Islam praised the attack but denied invo
Published 24 Jan, 2011 12:00am
Phone-hacking row 'targeted former Prime Minister Brown'

Phone-hacking row 'targeted former Prime Minister Brown'

Britain's opposition Labour party called Sunday for a fresh police probe into phone-hacking by journalists, amid reports that former prime minister Gordon Brown was among the high-profile figures targeted.
Published 24 Jan, 2011 12:00am
Iran announces launch of new cyber police units

Iran announces launch of new cyber police units

Iran's state TV says the country has launched its first cyber police unit in the latest attempt by authorities to gain an edge in the digital world. The Internet has been a key outlet for Iran's political opposition since the disputed presidential electio
Published 24 Jan, 2011 12:00am
Afghan lawmakers drop Karzai's court demand

Afghan lawmakers drop Karzai's court demand

Afghan lawmakers set aside a demand for President Hamid Karzai to scrap a controversial court probing election fraud on Sunday, paving the way for parliament to convene in three days after weeks of in-fighting.
Published 24 Jan, 2011 12:00am
Belated justice for Taiwanese war hero

Belated justice for Taiwanese war hero

Taiwanese president Ma Ying-jeou at the weekend apologised to the family of a general who was held under house arrest on false charges for 33 years, reports said Sunday. Sun Li-jen was a senior general in the Kuomintang during the Chinese civil war, with
Published 24 Jan, 2011 12:00am
Ireland's Green party pulls out of coalition government

Ireland's Green party pulls out of coalition government

Ireland's Green party said Sunday it was pulling out of Prime Minister Brian Cowen's coalition government, in a move likely to spark elections even earlier than those planned for March 11.
Published 24 Jan, 2011 12:00am
Bangladesh girl kidnapped over share losses

Bangladesh girl kidnapped over share losses

A private tutor was arrested in a southeastern Bangladesh island for kidnapping a girl for a ransom to make up for losses he made in the recent stock market slump crash, police said Sunday.
Published 24 Jan, 2011 12:00am
Tunisia arrests TV channel owner for 'treason'

Tunisia arrests TV channel owner for 'treason'

Tunisia has arrested the owner of a private TV station and his son for "grand treason" for inciting violence and working for ousted leader Zine al-Abidine Ben Ali's return, the state news agency said on Sunday.
Published 24 Jan, 2011 12:00am
Rural Tunisians join protests against interim government

Rural Tunisians join protests against interim government

Protesters from Tunisia's poor rural heartlands demonstrated in the capital on Sunday to demand that the revolution they started should now sweep the remnants of the fallen president's old guard from power.
Published 24 Jan, 2011 12:00am
Thousands march against Belgium political impasse

Thousands march against Belgium political impasse

Thousands of Belgians staged a march of "Shame" in the capital Sunday to demand a government after a seven-month impasse between Dutch and French-speaking politicians, a European record. More than 30,000 people answered a Facebook call by students from bo
Published 24 Jan, 2011 12:00am
South Korean shipbuilder rolls out anti-piracy system

South Korean shipbuilder rolls out anti-piracy system

South Korea's Samsung Heavy Industries on Sunday rolled out a system to help ships detect and fend off pirates, after the recent hijacking of a South Korean freighter near Somalia alarmed shippers.
Published 24 Jan, 2011 12:00am
Spate of attacks kill eight in Iraq

Spate of attacks kill eight in Iraq

Car bombs and explosions killed eight people, including a policeman and two teenage boys, in and around Baghdad on Sunday, the latest in a spate of attacks indicating an apparent spike in unrest.
Published 24 Jan, 2011 12:00am
Egyptian foreign minister warns Lebanon in 'dangerous situation'

Egyptian foreign minister warns Lebanon in 'dangerous situation'

Egyptian Foreign Minister Ahmed Abul Gheit on Sunday warned Lebanon was in a "dangerous situation" as fears of violence rise in the crisis-hit country. "Lebanon is in a dangerous situation," Abul Gheit said in an interview with local radio.
Published 24 Jan, 2011 12:00am
NH&MP conducts road safety campaign

NH&MP conducts road safety campaign

On the directions of Dr Wasim Kausar, Inspector General National Highways & Motorway Police (NH&MP), N-5 Central initiated a special campaign of "Public Awareness in Friendly Atmosphere" to impart road safety education to people.
Published 24 Jan, 2011 12:00am
Safe delivery centres to be set up at UC levels

Safe delivery centres to be set up at UC levels

Minister Population Welfare Punjab Neelam Jabbar has said that the philosophy of Bhutto will be remembered forever and Pakistan People's Party would fulfil the mission of Shaheed Quaid.
Published 24 Jan, 2011 12:00am
SNGPL suspends gas supply to over 600 industries for next four days

SNGPL suspends gas supply to over 600 industries for next four days

Sui Northern Gas Pipelines Limited (SNGPL) has stopped the gas supply to more than 600 industries for next 96 hours (Four days) from Sunday morning, while industrialists of Punjab are still waiting for implementation of Prime Minister's promises and no ou
Published 24 Jan, 2011 12:00am
Nine awarded seven-year imprisonment in forgery case

Nine awarded seven-year imprisonment in forgery case

Special Judge Anti-Corruption Dera Ghazi Khan Mian Muhammad Iqbal Bhatti has awarded seven years' imprisonment and a fine of one lakh rupees each to nine accused for the allotment of 2170 kanal state land near Rajanpur through forgery. The culprits will u
Published 24 Jan, 2011 12:00am
NBP announces 'Pak loan scheme 2010-11' for students

NBP announces 'Pak loan scheme 2010-11' for students

National Bank of Pakistan (NBP) on Sunday announced "Pak loan scheme 2010-11" for the students of public sector institutions. The NBP officials informed that government in collaboration with major commercial banks of the country including NBP, Habib Bank
Published 24 Jan, 2011 12:00am
Thousands protest US drone attacks

Thousands protest US drone attacks

More than 10,000 activists of Jamaat-i-Islami held an anti-US protest in Peshawar on Sunday calling for an immediate stop to American drone attacks in tribal areas, police said. The activists of Jamaat-i-Islami blocked a main road and staged a six-hour si
Published 24 Jan, 2011 12:00am
PAC meeting today

PAC meeting today

A meeting of the Public Accounts Committee (PAC) of National Assembly will be held today at Parliament House. The meeting will be held under the Chairmanship of Chaudhry Nisar Ali Khan and other members of the committee will also attend the meeting. The c
Published 24 Jan, 2011 12:00am
Brain of Kasur 2011: Chairman PEF congratulates Maryam

Brain of Kasur 2011: Chairman PEF congratulates Maryam

Chairman Punjab Education Foundation (PEF) Raja Muhammad Anwar has congratulated Maryam Mushtaq of Ayesha Public School, Chak No 8, Kasur on winning the coveted title of "Brain of Kasur 2011"-an inter school quiz competition arranged by Punjab Education F
Published 24 Jan, 2011 12:00am
Irsa increases water releases from Mangla dam

Irsa increases water releases from Mangla dam

The Indus River System Authority (Irsa) on Sunday increased water release downstream Mangla Dam on river Jhelum from 10,000 cusecs to 15,000 cusecs to generate more Hydel electricity from its Mangla Hydel power houses, which have the capacity to produce 1
Published 24 Jan, 2011 12:00am
JI leaders grieved over Maulana Ashrafi's death

JI leaders grieved over Maulana Ashrafi's death

The top leadership of the Jamaat- e-Islami including JI chief, Syed Munawar Hasan, former chief, Qazi Husain Ahmed, deputy chiefs Chaudhry Muhammad Aslam Saleemi, Sirajul Haq and Dr Muhammad Kamal, Secretary General, Liaquat Baloch, have expressed deep gr
Published 24 Jan, 2011 12:00am
Punjab chief minister condoles death

Punjab chief minister condoles death

Punjab Chief Minister, Shahbaz Sharif here on Sunday said that Mohtamim Jamia Ashrafia, Maulana Abdul Rehman Ashrafi was a religious scholar of highest calibre and his services in the field of religion and promotion of unity of Muslims would long be remem
Published 24 Jan, 2011 12:00am
Urs of Data Gunj Bakhsh begins

Urs of Data Gunj Bakhsh begins

The three-day celebrations of 967th annual urs of Hazrat Ali Bin Usman Hajveri popularly known as Data Gunj Bakhsh (RA) has been started with traditional zeal at his shrine here on Sunday.
Published 24 Jan, 2011 12:00am
Four killed in road accident

Four killed in road accident

At least four persons were killed while two others sustained injuries in a road accident in the jurisdiction of Dakhan police station at Indus Highway on late Saturday night.
Published 24 Jan, 2011 12:00am
Three including woman killed in Mardan

Three including woman killed in Mardan

Three persons including a woman were killed over a dispute in Mardan district here on Sunday, police said. The shootout started when Harron Khan son of Ameer Bahadar and Nawad Ali son of Wali Rooz Khan allegedly started firing at each other after a disput
Published 24 Jan, 2011 12:00am
Ministry to start receiving Hajj applications from April 10

Ministry to start receiving Hajj applications from April 10

With a renewed pledge to provide maximum facilities to intending pilgrims and ensure flawless arrangements for Hajj-2011, the Ministry of Religious Affairs would start receiving applications from April 10- almost six months before the commencement of pre-
Published 24 Jan, 2011 12:00am
CJCSC meets Saudi Crown Prince in Riyadh

CJCSC meets Saudi Crown Prince in Riyadh

Chairman Joint Chiefs of Staff Committee (CJCSC), General Khalid Shameem Wynne who is on an official visit to Kingdom of Saudi Arabia spent a busy day here at Riyadh meeting top civil and military leadership. The most important meeting of the day was with
Published 24 Jan, 2011 12:00am
Three relatives of former Nazim killed in Hangu firing

Three relatives of former Nazim killed in Hangu firing

Two relatives and a friend of ex-nazim Hangu Amir Faisal were killed in a shoot-out incident when some unidentified armed motor cyclists opened indiscriminate firing on Nazim's vehicle near Hangu bypass road on Sunday, police said.
Published 24 Jan, 2011 12:00am
Pakistan Army contingent leaves for Darfur

Pakistan Army contingent leaves for Darfur

A Pakistan Army contingent departed on Sunday for Darfur to serve under the aegis of United Nations Peacekeeping Mission. Brigadier Amal Zada Khan saw the contingent off at Islamabad International Airport.
Published 24 Jan, 2011 12:00am
Supreme Court's hectic schedule for current week

Supreme Court's hectic schedule for current week

The Supreme Court has a hectic schedule in the current week starting from Monday. Besides, regular benches, the Judges sitting in four-member benches will have busy schedule when they once again don on their black robs after a break.
Published 24 Jan, 2011 12:00am
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