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Print - 2011-02-08
Guilty as charged

Guilty as charged

International Cricket Council (ICC) tribunal hearing the spot fixing case against three Pakistani players has announced a guilty verdict, banning the former captain Salman Butt for ten years, and bowlers Mohammad Asif and Mohammad Amir for seven and five
Published 08 Feb, 2011 12:00am
The Weather

The Weather

The weather report on Monday (February 07, 2011) and the forecast for Tuesday (February 08, 2011).

Published 08 Feb, 2011 12:00am
Floods devastation: Zardari expresses sympathies with Rajapaksa

Floods devastation: Zardari expresses sympathies with Rajapaksa

President Asif Ali Zardari on Monday called Sri Lankan President Mahinda Rajapaksa and expressed his deep sympathies and concerns over the devastation caused by the recent floods in Sri Lanka. He said that the government and the people of Pakistan could f
Published 08 Feb, 2011 12:00am
Pak PVC's employees: Prime Minister asked to direct MoF to release dues

Pak PVC's employees: Prime Minister asked to direct MoF to release dues

National Assembly's Standing Committee on Privatisation asked the Prime Minister Yousuf Raza Gilani to intervene and direct Ministry of Finance to release the legal dues of the employees of Pak PVC Ltd, privatised in 1992. The meeting of the committee was
Published 08 Feb, 2011 12:00am
IGP asked to take steps for foolproof security

IGP asked to take steps for foolproof security

Interior Minister A Rehman Malik on Monday directed Inspector General (IG) of Police Islamabad Wajid Ali Khan to take all possible measures for ensuring foolproof security in the Federal Capital. Talking to IGP Islamabad, who called on him here at the Int
Published 08 Feb, 2011 12:00am
'JUI-F won't rejoin coalition'

'JUI-F won't rejoin coalition'

The former ally of PPP led-government, Jamiat Ulema-e-Islam-Fzal (JUI-F) is not ready to budge from its earlier stance to be part of the new federal cabinet with Prime Minister Syed Yusuf Raza Gilani as captain. Talking to Business Recorder JUI-F's
Published 08 Feb, 2011 12:00am
AGP detects short-realisation of duties through PaCCS

AGP detects short-realisation of duties through PaCCS

The Auditor General of Pakistan (AGP) has unearthed a unique phenomenon in the Pakistan Customs Computerised System (PaCCS) where customs valuation rulings have not been applied for accurate assessment of duties and taxes on the imported consignments.
Published 08 Feb, 2011 12:00am
Target killing: Cop, youth gunned down

Target killing: Cop, youth gunned down

At least two persons including a cop were gunned down in separate targeted killing incidents in the metropolis here on Monday. According to police, some three armed men barged the Assistant Sub Inspector (ASI) Yaseen Junejo house located at sector 7-A Nor
Published 08 Feb, 2011 12:00am
Nawaz summons party's consultative meeting today

Nawaz summons party's consultative meeting today

Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif has summoned party's consultative meeting on Tuesday on the 10-point agenda, which is yet to be implemented, as the party's 45-day deadline is due to expire on 20th of this month.
Published 08 Feb, 2011 12:00am
22 injured in Lahore market fire

22 injured in Lahore market fire

As many as 22 people were injured and a number of buildings, houses, and plazas in Shahalam Market, a trade centre of the Lahore, were gutted, when a fire broke out in a godown, which went out of control. The damaged caused by the fire is said to be in mi
Published 08 Feb, 2011 12:00am
Import of used vehicles: car makers see shortfall in government revenue

Import of used vehicles: car makers see shortfall in government revenue

The government is likely to face shortfall in revenue collection as a result of import of used cars, according to car assemblers here. They do not look optimistic about revenue collection from import of used cars and argue that a completely built unit (CB
Published 08 Feb, 2011 12:00am
Trade officers asked to introduce Pakistani products in world markets

Trade officers asked to introduce Pakistani products in world markets

Trade and Commerce Attachés appointed abroad in Pakistani mission have a great role to play in introducing Pakistani products in the world markets to support the local industry in its growth, said Ali Raza Saeed Bokhari, President Rawalpindi Chamber of Co
Published 08 Feb, 2011 12:00am
Burundi arrests eight Pakistani preachers

Burundi arrests eight Pakistani preachers

Burundian police arrested eight Pakistani preachers in a mosque in the central province of Gitega overnight, police and local officials said Monday. "A group of eight people calling themselves Pakistani Muslim preachers arrived two days ago and started ho
Published 08 Feb, 2011 12:00am
UCA stages demonstration to condemn death of Shomaila

UCA stages demonstration to condemn death of Shomaila

More than 100 activists United Citizen Alliance (UCA) on Monday staged a demonstration to condemn the death of young Shomaila widow of Fahim and urged the government for awarding exemplary punishment to Raymond Davis. The rally was led by Tariq Naeem-ulla
Published 08 Feb, 2011 12:00am
After tax loss of Engro Polymer increases

After tax loss of Engro Polymer increases

The after tax loss of Engro Polymer and Chemicals Limited has increased to Rs 813.829 million in the year ended December 31, 2010 as compared to a loss of Rs 231.789 million recorded in the same period in 2009. The board of directors of the company in its
Published 08 Feb, 2011 12:00am
After tax loss of Engro Polymer increases

After tax loss of Engro Polymer increases

The after tax loss of Engro Polymer and Chemicals Limited has increased to Rs 813.829 million in the year ended December 31, 2010 as compared to a loss of Rs 231.789 million recorded in the same period in 2009. The board of directors of the company in its
Published 08 Feb, 2011 12:00am
PICT earns Rs 579.9 million profit

PICT earns Rs 579.9 million profit

The profit after tax (consolidated) of Pakistan International Container Terminal (PICT) increased to Rs 579.941 million in the half-year period ended on December 31, 2010 as compared to Rs 470.480 million earned in the corresponding period in 2009.
Published 08 Feb, 2011 12:00am
PICT earns Rs 579.9 million profit

PICT earns Rs 579.9 million profit

The profit after tax (consolidated) of Pakistan International Container Terminal (PICT) increased to Rs 579.941 million in the half-year period ended on December 31, 2010 as compared to Rs 470.480 million earned in the corresponding period in 2009.
Published 08 Feb, 2011 12:00am
SBP action against Exchange Company

SBP action against Exchange Company

The State Bank of Pakistan has debarred M/s. Time Exchange Company-B (Pvt) Limited, Karachi from undertaking any kind of business activity. SBP has withdrawn the authorisation given to Time Exchange Company-B (Pvt) Limited till further orders to deal in s
Published 08 Feb, 2011 12:00am
TCP sells 25,000 metric tons rice to two highest bidders

TCP sells 25,000 metric tons rice to two highest bidders

Trading Corporation of Pakistan (TCP) has sold 25,000 metric tons of Super Basmati Rice to the two highest bidders. TCP tender for the sale of 25,000 tons of locally procured rice was opened on January 24, 2011. However, the price evaluation committee of
Published 08 Feb, 2011 12:00am
Affordable Housing Project: HBFCL signs MoU with MDA

Affordable Housing Project: HBFCL signs MoU with MDA

House Building Finance Corporation Limited (HBFCL) has signed a Memorandum of Understanding (MoU) with the Malir Development Authority (MDA) for providing housing finance to its affordable housing project. The MoU signing ceremony, which was attended by t
Published 08 Feb, 2011 12:00am
Gondal for early signing of PTA between Pakistan, Indonesia

Gondal for early signing of PTA between Pakistan, Indonesia

Federal Minister for Food and Agriculture, Nazar Muhammad Gondal has said that Pakistan and Indonesia should sign Preferential Trade Agreement (PTA) as early as possible as both the countries have a potential market for different agriculture as well as ot
Published 08 Feb, 2011 12:00am
Woman commits suicide

Woman commits suicide

A mother of three children committed suicide in the jurisdiction of Mithadar police station. According to police, the victim Zahida 36, wife of Asif hung herself with rope. They said the deceased, who was nominated in murder case by her relatives, was rel
Published 08 Feb, 2011 12:00am
USAID releases first tranche for Gomal Zam Dam project

USAID releases first tranche for Gomal Zam Dam project

The United States Agency for International Development (USAID) has released first tranche amounting to US $20 million to the Pakistan Water and Power Development Authority (WAPDA) for Gomal Zam Dam project. The USAID has signed an agreement with WAPDA las
Published 08 Feb, 2011 12:00am
Aptma's annual dinner on February 11

Aptma's annual dinner on February 11

All Pakistan Textile Mills Association (Aptma) is organising an impressive gathering at the Presidency, Islamabad on February 11, 2011 in connection with its annual dinner. Also, the Aptma for the first time in its history is introducing the Legends of Ap
Published 08 Feb, 2011 12:00am
Three Pakistanis killed: Imran demands prompt dispensation of justice

Three Pakistanis killed: Imran demands prompt dispensation of justice

Pakistan Tehreek-e-Insaaf (PTI) Chairman Imran Khan on Monday demanded justice to those Pakistanis who lost their lives on the hands of Americans. He was addressing a public gathering outside Data Darbar. Imran said Pakistan Tehreek-e-Insaaf is a symbol o
Published 08 Feb, 2011 12:00am
Urea fertiliser: EDOs directed to ensure sale at fixed rates

Urea fertiliser: EDOs directed to ensure sale at fixed rates

Punjab Agriculture Minister, Malik Ahmad Ali Aulakh has directed all executive district officers (EDOs) of agriculture to ensure availability of urea fertiliser in the market at government's fixed rates. He warned that action would be taken against the of
Published 08 Feb, 2011 12:00am
Government responsible for death of Fahim's wife: JI chief

Government responsible for death of Fahim's wife: JI chief

The Jamaat-e-Islami chief, Syed Munawar Hasan, has held the government responsible for the death of the widow of Fahim, one of the young men shot dead by an American in broad day light here last week. In a statement here on Monday, he said that the widow
Published 08 Feb, 2011 12:00am
Petition in Raymond's case: LHC seeks record by February 17

Petition in Raymond's case: LHC seeks record by February 17

The Chief Justice of Lahore High Court, Justice Ijaz Ahmed Chaudhry, here on Monday sought replies from the federal and provincial governments in two petitions seeking records of a double murder accused and American national Raymond Davis and prosecuting
Published 08 Feb, 2011 12:00am
Davis's dubious status a serious cause of concern?

Davis's dubious status a serious cause of concern?

Raymond Davis, the US national with dubious diplomatic status has become a cause of great concern for all stakeholders connected with Lahore killings. US Ambassador Cameron Munter approached President Asif Ali Zardari for his release on Monday, whereas, f
Published 08 Feb, 2011 12:00am
Rains improve water availability for Rabi crops

Rains improve water availability for Rabi crops

The past three days of rains /thunderstorms with snowfall over the hills in Khyber Pakhtoonkhawa, upper Punjab, North Balochistan, Gilgit Baltistan/Kashmir have improved water availability for Rabi crops by six percent till April 1, 2011.
Published 08 Feb, 2011 12:00am
Petition challenging removal of four LHC additional judges filed

Petition challenging removal of four LHC additional judges filed

A petition has been filed before the Lahore High Court (LHC) challenging removal of four additional judges of LHC by parliamentary committee. A local lawyer Noshab A Khan in his petition contended that Judicial Commission headed by Chief Justice (CJ) Ifti
Published 08 Feb, 2011 12:00am
ANP sees 'third-element' behind Karachi unrest

ANP sees 'third-element' behind Karachi unrest

President of the ruling collation partner-Awami National Party (ANP), Asfandyar Wali Khan on Monday held a "third-element" responsible behind the continued Karachi unrest. Speaking at a press conference at Mardan House along with Sindh ANP leadership, he
Published 08 Feb, 2011 12:00am
BSF launches entrepreneurship, small farmers programs

BSF launches entrepreneurship, small farmers programs

SME Business Support Fund (BSF), Ministry of Finance has launched entrepreneurship and small farmers programmes. It seeks to bring to the forefront of future entrepreneurs and leaders in Pakistan to highlight the role of entrepreneurship in economic devel
Published 08 Feb, 2011 12:00am
Summit Bank to complete investment, merger plan by next month

Summit Bank to complete investment, merger plan by next month

Summit Bank will complete its investment and merger plan by next month, as corporate and regulatory compliances for merger has finalised with mybank. Talking to newsman on re-launching of Summit Bank (formerly Arif Habib Bank), Husain Lawai, President & C
Published 08 Feb, 2011 12:00am
Lepers to be provided job opportunities: Minister

Lepers to be provided job opportunities: Minister

The Sindh government will provide job opportunities to persons suffering from leprosy, said Sindh Minister for Health, Dr Sagheer Ahmed on Monday. The minister was chairing "World Leprosy Day" conference held at Government Leprosy Hospital, Mangopir.
Published 08 Feb, 2011 12:00am
Environment issue: 'industrialists to suggest changes in laws'

Environment issue: 'industrialists to suggest changes in laws'

Minister for Environment and Alternative Energy Sindh, Shaikh Mohammad Afzal has advised industrialists to suggest changes in prevailing environment laws so that they should be incorporated in laws making them more practical. Speaking at a meeting of Kora
Published 08 Feb, 2011 12:00am
Educational workshop on financial literacy held at KPC

Educational workshop on financial literacy held at KPC

Visa, one of the leading payment solutions providers, has rolled out its financial literacy programme for media in Pakistan by organising the first educational workshop on financial literacy at the Karachi Press Club (KPC). Working with members of KPC and
Published 08 Feb, 2011 12:00am
CEO KESC envisions 'accident-free KESC'

CEO KESC envisions 'accident-free KESC'

The Karachi Electric Supply Company (KESC) has made work safety of its employees top priority in the business plan and the ultimate vision is to make an "accident free KESC." This was stated by Tabish Gauhar, CEO of KESC, at "Safety Leaders Award" ceremon
Published 08 Feb, 2011 12:00am
Five Nato oil tankers attacked in Quetta

Five Nato oil tankers attacked in Quetta

Gunmen in Quetta attacked five oil tankers carrying supplies to Nato troops in Afghanistan, officials said Monday. The incident took place near the town of Mithri, some 230 kilometres south-east of Quetta. "Unknown gunmen fired at five Nato oil tankers. T
Published 08 Feb, 2011 12:00am
Blasts rock two police stations in Karachi

Blasts rock two police stations in Karachi

Simultaneous bomb blasts at two police stations rocked the city in the wee hours on Monday. According to police sources, two locally-made bombs jolted Eidgah and Shah Latif Town police stations at 9am, leaving a woman injured. They said these low-intensit
Published 08 Feb, 2011 12:00am
Over 2.4 million saplings to be planted in capital

Over 2.4 million saplings to be planted in capital

More than 2.4 million saplings would be planted in the Federal capital during the three-year clean and green capital programme. "Over 1.8 million trees have been planted during the three year programme which started in 2009 and this would be the last year
Published 08 Feb, 2011 12:00am
150,000 BISP beneficiaries to get free mobiles in first phase

150,000 BISP beneficiaries to get free mobiles in first phase

Around 150,000 Benazir Income Support Programme (BISP) beneficiaries would be provided free mobiles for improved delivery system of cash grants through Mobile Phone Banking. A BISP official told APP on Monday that the registered beneficiaries of Musakhel,
Published 08 Feb, 2011 12:00am
CCTV camera installed at district courts

CCTV camera installed at district courts

An advanced CCTV camera has been installed in the District Courts premises for the surveillance of security affairs under the arrangements of city district government. EDOR, Liaqat Ali Chatha informed that 9 CCTV cameras had been installed on the entry an
Published 08 Feb, 2011 12:00am
Evacuation of land: CDA decides to launch massive operation

Evacuation of land: CDA decides to launch massive operation

The Capital Development Authority (CDA) has decided to launch a massive operation to evacuate its land and has demanded support from Islamabad Capital Territory (ICT) Administration and Islamabad Police in order to make this operation a success.
Published 08 Feb, 2011 12:00am
Police arrest 22, recover Rs 8.12 million worth of valuables

Police arrest 22, recover Rs 8.12 million worth of valuables

Islamabad Police have arrested 22 persons and recovered 10 pistols, one rifle, a dagger and stolen gold ornaments worth rupees 8.12 million from their possession. To curb crimes in the federal capital, Senior Superintendent Police Islamabad, Tahir Alam Kh
Published 08 Feb, 2011 12:00am
Seminar on 'Role and Value of Investor Relations' held

Seminar on 'Role and Value of Investor Relations' held

In order to promote the spirit of responsiveness of the listed sector to their shareholders, South Asian Federation of Exchanges (SAFE) held one day seminar titled "the Role and Value of Investor Relations" at Lahore here on Monday. The seminar was attend
Published 08 Feb, 2011 12:00am
'Family disputes require proactive approach of judges'

'Family disputes require proactive approach of judges'

Justice Asif Saeed Khan Khosa, Judge of the Supreme Court, on Monday said that family disputes require proactive attitudes from lawyers and judges to solve children's problems. Delivering the inaugural address at Federal Judicial Academy (FJA) for the par
Published 08 Feb, 2011 12:00am
Accountability court indicts former IGP, two others

Accountability court indicts former IGP, two others

An Accountability Court here on Monday framed charges against former IGP and ex-commandant of Frontier Constabulary (FC), Malik Naveed Khan and two others in a reference related to illegal recruitment in the Frontier Constabulary.
Published 08 Feb, 2011 12:00am
Two schools in Malakand division rehabilitated

Two schools in Malakand division rehabilitated

The provincial government, under Malakand Development Programme (MDP), has rehabilitated two schools in the Serai village of Tehsil Warai, Dir Upper and completed an access road to provide institutional support to a Basic Health Unit (BHU) in Sheringal ar
Published 08 Feb, 2011 12:00am
Capital police arrest 176, recover arms

Capital police arrest 176, recover arms

City Circle area police have arrested 176 accused including 18 proclaimed offenders during its drive against criminals last month and recovered looted items worth rupees 400,000, huge quantity of wine bottles as well as weapons from their possession, a po
Published 08 Feb, 2011 12:00am
Gas supply to 600 industrial units suspended for 48 hours

Gas supply to 600 industrial units suspended for 48 hours

Sui Northern Gas Pipelines Limited (SNGPL) has suspended gas supply to 600 industries including textile processing, printing and dyeing factories, sizing, hosiery & garments units, washing soap and chemical manufacturing industries for 84 hours, while tho
Published 08 Feb, 2011 12:00am
PML-N consultative meeting today

PML-N consultative meeting today

PML-N Quaid Nawaz Sharif has convened his party's consultative meeting at Punjab House Islamabad on Tuesday (today). Sources in the PML-N told Business Recorder that the meeting would discuss progress made by the PPP government for the implementati
Published 08 Feb, 2011 12:00am
Over 12 million CNICs issued last year

Over 12 million CNICs issued last year

The National Database Registration Authority (Nadra) has so far completed 95 percent of the public registration across the country, while it has issued a record number of 12,394,889 computerisation national identity cards during last year.
Published 08 Feb, 2011 12:00am
NA-157, Khanewal III: LHC directs recounting of ballot papers

NA-157, Khanewal III: LHC directs recounting of ballot papers

The Lahore High Court here Monday in a petition challenging election of Hamid Yar Khan Hiraj directed recounting of ballot papers in NA-157, Khanewal III from the constituency. The court directed District & Sessions Judge Khanewal to recount all the cast
Published 08 Feb, 2011 12:00am
Government stoking the inflation fires

Government stoking the inflation fires

The State Bank of Pakistan (SBP) has released some rather disturbing statistical forecasts for the current year: a GDP growth rate of between 2 to 3 percent, an increase in domestic debt liabilities by 6.7 percent, a fiscal deficit of 6 to 6.5 percent (a
Published 08 Feb, 2011 12:00am
Sri Lankan shares at new all-time high

Sri Lankan shares at new all-time high

Sri Lanka's stock market hit a new all-time closing high on Monday on heavy retail buying, while foreign investors bought in thin volumes after the IMF approved the island nation's loan tranche last week. The island's main share index touched a new intrad
Published 08 Feb, 2011 12:00am
New York cotton ends sharply higher

New York cotton ends sharply higher

US cotton futures settled sharply higher on Monday on speculative and option-related buying as players piled back into the market, threatening to ignite a fresh rally to record territory, analysts said. Cotton futures soared last week to their highest in
Published 08 Feb, 2011 12:00am
Copper retreats from peak

Copper retreats from peak

Copper hit a record on Monday on concerns about supply, particularly from top producers Chile, but pared gains to end lower as the dollar rose against the euro after a bigger than expected fall in German industrial data. Tin also hit a record high on worr
Published 08 Feb, 2011 12:00am
Oil plunges as Egypt simmers, but supplies flow

Oil plunges as Egypt simmers, but supplies flow

US oil prices fell sharply on Monday and helped pull Brent crude prices below $100 a barrel as Egypt's simmering unrest had not disrupted any of the region's supply and as stockpiles in the United States bulged. Rising US crude oil inventories and Friday'
Published 08 Feb, 2011 12:00am
Sterling moves up

Sterling moves up

Sterling rose to a three week high against the euro and against a basket of currencies on Monday on mounting expectations the Bank of England will raise interest rates by the middle of the year. The Bank of England's Monetary Policy Committee (MPC) meets
Published 08 Feb, 2011 12:00am
Australian and New Zealand dollar advance

Australian and New Zealand dollar advance

The Australian dollar advanced on Monday, as strong data on job ads helped offset subdued retail numbers, while the New Zealand dollar nudged up on broader US dollar softness. Surging commodities prices also helped the Aussie with copper soaring to a reco
Published 08 Feb, 2011 12:00am
Rupiah at one-month high

Rupiah at one-month high

The Indonesian rupiah hit a one-month high against the dollar on Monday after stronger-than-expected economic growth in the fourth quarter triggered a spike in bond yields and attracted speculative buyers. The rupiah will probably keep rebounding, with th
Published 08 Feb, 2011 12:00am
Indian rupee hits 2-1/2 week high

Indian rupee hits 2-1/2 week high

The Indian rupee rose to 2-1/2 week highs on Monday, aided by dollar inflows as well as domestic equity strength, but importer demand for the greenback due to high oil prices prevented a sharper rise. The partially convertible rupee ended at 45.4750/4850
Published 08 Feb, 2011 12:00am
Swiss franc falls versus euro

Swiss franc falls versus euro

The Swiss franc fell against the euro on Monday as Asian buyers bid up the single currency after Asian new year holidays, and extended a three-day losing streak against the dollar as robust US data buoyed sentiment. The franc rose around 0.4 percent again
Published 08 Feb, 2011 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 Monday. 71.15/71.15 (previous 71.15/71.15). Call Money Rates: 4.50-8.00 percent (previous 4.00-8.00 percent).
Published 08 Feb, 2011 12:00am
Euro slips to session low versus dollar in London

Euro slips to session low versus dollar in London

The euro slipped to a session low against the dollar on Monday after a weak reading of German industrial orders accelerated profit-taking prompted by data on Friday showing a lower US jobless rate. German industrial orders fell 3.4 percent on the month in
Published 08 Feb, 2011 12:00am
Midday trade in New York: euro slides to two-week low versus dollar

Midday trade in New York: euro slides to two-week low versus dollar

The euro fell against the US dollar for a fourth straight day on Monday, with more losses seen likely, as soft German industrial data reinforced the view that eurozone interest rates will remain low for some time. European Central Bank President Jean-Clau
Published 08 Feb, 2011 12:00am
Euro recovers in Asia

Euro recovers in Asia

The euro recovered a tad on Monday on Asian buying after lunar new year holidays, though it remained on shaky ground after a jump in US Treasury yields undermined its yield advantage. With many market players still seen caught in euro long positions, the
Published 08 Feb, 2011 12:00am
Sterling Libor hits 18-month high

Sterling Libor hits 18-month high

Sterling interbank lending rates hit an 18-month high on Monday ahead of this week's Bank of England policy meeting, with markets pricing in an outside chance of an interest rate hike. UK inflation hit an eight-month high of 3.7 percent in December, well
Published 08 Feb, 2011 12:00am
Miners propel FTSE higher

Miners propel FTSE higher

Miners lifted Britain's top share index higher on Monday, driven by record metal prices and results from Randgold. The FTSE 100 closed 53.65 points, or 0.9 percent, firmer at 6,051.03, its highest finish January 18 and marking the fourth gain in the past
Published 08 Feb, 2011 12:00am
European shares rise to 29-month high

European shares rise to 29-month high

European shares rose on Monday to their highest close since September 2008, with miners gaining as copper hit a fresh record high on supply concerns and after Randgold Resources profit jumped. The pan-European FTSEurofirst 300 index of top shares closed u
Published 08 Feb, 2011 12:00am
Seoul shares higher

Seoul shares higher

Seoul shares rose on Monday, supported by financial issues, as investors remained upbeat on the global economy following gains on Wall Street. The Korea Composite Stock Price Index ended up 0.47 percent at 2,081.74 points. However, stocks retreated from e
Published 08 Feb, 2011 12:00am
Nikkei hits nine-month high

Nikkei hits nine-month high

Japan's Nikkei average extended gains to hit a nine-month high on Monday, helped by a fall in the US jobless rate, a weaker yen against the dollar and after generally strong Japanese corporate earnings reports last week. The unemployment rate in the world
Published 08 Feb, 2011 12:00am
LSE on track for upgrade after final system test

LSE on track for upgrade after final system test

The London Stock Exchange cleared a final hurdle ahead of a crucial planned system upgrade, sources familiar with the situation said on Monday, three months after it delayed the switch amid suspicions of sabotage. The UK operator completed its last system
Published 08 Feb, 2011 12:00am
ESRB can single out individual states: Trichet

ESRB can single out individual states: Trichet

Europe's new super-watchdog, the European System Risk Board (ESRB), will pinpoint problems bubbling in individual countries if they pose a risk to the wider system, the head of the new body, Jean-Claude Trichet, said on Monday. Trichet, who heads the Euro
Published 08 Feb, 2011 12:00am
Suzuki third quarter profit jumps, India margins slow growth

Suzuki third quarter profit jumps, India margins slow growth

Suzuki Motor Corp, Japan's No 4 automaker, posted a 31 percent rise in quarterly profit on Monday on brisk sales in Asia, and stuck to its conservative forecasts as competition intensifies in the key Indian market.
Published 08 Feb, 2011 12:00am
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