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.
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.
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.
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.
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.
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
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
Pakistan's tainted former skipper Salman Butt has called on the Pakistan Cricket Board (PCB) to appoint senior batsman Misbah-ul-Haq as captain instead of Shahid Afridi for the World Cup to be held in the sub-continent next month.
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
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.
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.
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
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
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.
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
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
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.
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
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.
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.
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
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
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.
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
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.
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.
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.
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
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.
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
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
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
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.
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
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.
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.
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.
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
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.
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
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
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.
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.
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.
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
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.
The Iranian nuclear issue cannot be resolved in just one or two discussions, a senior Chinese diplomat said on Sunday, a day after a high-level meeting aimed at addressing Tehran's nuclear plans ended in disappointment.
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
The Israeli foreign minister is drawing up a plan that would establish a Palestinian state within temporary borders, a source at his ministry said on Sunday.
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.
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
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.
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.
European diplomats intend to observe the appeal hearing of an Indian doctor sentenced to life in prison on charges of helping Maoist insurgents, the German embassy in Delhi said Sunday.
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.
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.
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
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.
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.
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.
Privilege of making Faisalabad polio-free will be maintained through a comprehensive and round-the-year awareness campaign, said Rana Muhammad Akram Khan, Chairman, Polio-Plus Committee of Rotary Faisalabad.
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.
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.
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
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
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
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
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
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
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
Punjab Chief Minister, Muhammad Shahbaz Sharif has said that public service and provision of basic amenities to masses is the agenda of government and all out resources are being utilised for the purpose.
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
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
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.
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.
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
Chief Executive Officer of Small & Medium Enterprises Development Authority (Smeda), Yousaf Naseem Khokhar has said that Prime Minister's development package would bring prosperity, stability and economic growth in Southern Punjab and a new era of progres
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-
The domestic gas consumers of Irfanabad (Tramri Chowk) on Sunday appealed to the Chief Justice of Pakistan to take notice of low gas pressure in their area and order the concerned department to ensure uninterrupted gas supply to the residents.
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
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.
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.
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.
Federal Minister for Petroleum and Natural Resources Syed Naveed Qamar has said tough decisions would have to be taken to surmount the energy crisis and to control evasion of taxes. The government is in active consultation with all political parties in th