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Print - 2011-03-06
Kuwait's Zain swings to fourth quarter net profit

Kuwait's Zain swings to fourth quarter net profit

Kuwaiti mobile operator Zain swung to profit in the fourth quarter, according to Reuters calculations, beating analysts' estimates. Zain, subject to a $12 billion takeover bid from UAE's Etisalat, posted a fourth-quarter net profit of 87 million dinars ($
Published 06 Mar, 2011 12:00am
Anti-polio campaign in Punjab from March 7

Anti-polio campaign in Punjab from March 7

The three-day national anti-polio campaign will formally start in Punjab from March 7. Provincial Parliamentary Secretary Health Punjab, Dr Saeed Elahi inaugurated the campaign on Saturday by administrating anti-polio drops to the children at Children Hos
Published 06 Mar, 2011 12:00am
Directives to improve cleanliness system of Quetta

Directives to improve cleanliness system of Quetta

Chief Minister Balochistan Nawab Mohammad Aslam Khan Raisani has issued directives to improve sanitation and cleanliness system of the provincial capital Quetta, adding that the provincial government would ensure provision of all basic civic facilities to
Published 06 Mar, 2011 12:00am
BQATI discusses problems with chairman PQA

BQATI discusses problems with chairman PQA

A delegation of Bin Qasim Association of Trade & Industry (BQATI) managing committee along with prominent industrial members held a meeting with Chairman Port Qasim Authority, Muhammad Shafi to discuss upon current law & order situation, completion certif
Published 06 Mar, 2011 12:00am
International Women's Day programme chalked out

International Women's Day programme chalked out

First Women Bank Ltd (FWBL) has chalked out programmes for the International Women's Day throughout the country. The celebration will be held in the Business Development and Training Centers and area offices of the bank.
Published 06 Mar, 2011 12:00am
Fire prevention, safety: CDA to hold audit of buildings

Fire prevention, safety: CDA to hold audit of buildings

The Capital Development Authority (CDA) has decided to hold complete audit regarding fire prevention and life safety of category-II, III and IV buildings as per 'CDA Building Standards for Fire Prevention & Life Safety 2010' and 'Islamabad Fire Prevention
Published 06 Mar, 2011 12:00am
Fazal condemns adventurism in cover of Bhatti's murder

Fazal condemns adventurism in cover of Bhatti's murder

Jamiat Ulema-e-Islam (JUI-F) Chief Maulana Fazlur Rehman had an informal meeting with Ameer Jamaat-e-Islami Syed Munawar Hassan at Mansoora here on Saturday. Talking to media after the meeting he condemned certain secular lobbies busy in adventurism for m
Published 06 Mar, 2011 12:00am
NADRA to launch free women registration drive: centennial IWD on March 8

NADRA to launch free women registration drive: centennial IWD on March 8

NADRA is launching free Women registration drive across the country to achieve the target of 100 per cent women registration by making them aware of importance of registration, enabling them to get their basic rights," said Tariq Malik, Deputy Chairman NA
Published 06 Mar, 2011 12:00am
Safeguard partners with Unicef for flood relief efforts

Safeguard partners with Unicef for flood relief efforts

Safeguard, Procter and Gamble's leading anti-bacterial soap is collaborating with Unicef in Pakistan to curb the spread of preventable diseases amongst those affected by the flood. This donation will impact over 2 million Pakistanis affected by the monsoo
Published 06 Mar, 2011 12:00am
'Hamara' Karachi Festival rally

'Hamara' Karachi Festival rally

A rally was organised on Saturday in connection with the 'Hamara' Karachi Festival. The rallies from all the 18 towns in the metropolis had converged at the Mazar of Quaid-i-Azam. The former Naib City Nazim, and president of Hamara Karachi Foundation, Nas
Published 06 Mar, 2011 12:00am
Former Korean envoy appointed HIC

Former Korean envoy appointed HIC

The Board of Investment (BoI) has appointed former Korean Ambassador Un Shin as Honorary Investment Counsellor (HIC) for Pakistan in South Korea. Un Shin has a track record of being a successful professional and his appointment as Honorary Counsellor will
Published 06 Mar, 2011 12:00am
AJK government achieves major breakthrough in health sector

AJK government achieves major breakthrough in health sector

The government of Azad Jammu and Kashmir (AJK) has achieved a major breakthrough in the health sector with the support of German government. German government has supplied latest teaching laboratories and established Paramedical Teaching Institute (PTI) u
Published 06 Mar, 2011 12:00am
Supreme Court's four benches for next week

Supreme Court's four benches for next week

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted four benches at the Principal seat to hear a number of important cases in the next week starting from March 7.
Published 06 Mar, 2011 12:00am
One injured in attack on police post

One injured in attack on police post

Taliban militants on Saturday attacked a police check post with hand grenades injuring one policeman at a boundary area between Peshawar and Khyber agency, police said. The policeman injured as the miscreants lobbed hand grenades at the police check post
Published 06 Mar, 2011 12:00am
Seminar on International Women's Day on March 8

Seminar on International Women's Day on March 8

Under the supervision of Professor Dr Nasreen Aslam Shah, Director Centre of Excellence for Women's Studies, University of Karachi, one day seminar will be conducted to celebrate International Women's Day on Tuesday 8th March 2011 from 10:30 am to 4:30 pm
Published 06 Mar, 2011 12:00am
LHC disposes of ETPB employees' petition

LHC disposes of ETPB employees' petition

The Lahore High Court (LHC) has disposed of a petition of nine employees of Evacuee Trust Property Board (ETPB) challenging their transfer as the impugned orders had already been withdrawn. Ghulam Sarwar, deputy secretary (BPS-18) and other eight employee
Published 06 Mar, 2011 12:00am
Traffic police lack facilities

Traffic police lack facilities

Now-a-days when man has reached on the moon and western societies have reached to such extent of advancement that they only press a button and get the job done; but Pakistani society is standing at the brim of modernisation, one of its examples is the sys
Published 06 Mar, 2011 12:00am
CJ LHC meets Lahore bar delegation

CJ LHC meets Lahore bar delegation

The Lahore High Court Chief Justice (CJ) Ijaz Ahmad Chaudhry asked the newly elected body of the Lahore High Court Bar Association to serve the community rising above its personal liking and disliking but to the best interest of the bar. The CJ while meet
Published 06 Mar, 2011 12:00am
PQA Dock workers to stage rally

PQA Dock workers to stage rally

Dock workers of Port Qasim Authority (PQA) on Saturday announced to hold a protest demonstration for their legal rights in front of the main office of Fauji Akbar Portia Marine Terminals Karachi, shortly. Speaking at a press conference held at Karachi Pre
Published 06 Mar, 2011 12:00am
Apex court moved to reopen case

Apex court moved to reopen case

A constitutional petition has been filed before the Supreme Court for reopening and adjudicating the matter of an Indian spy Sarbajit Singh, who is waiting execution at Kot Lakhpat Jail. Advocate Awais Sheikh had submitted that the real culprit of bomb bl
Published 06 Mar, 2011 12:00am
Street crimes on the rise in Capital

Street crimes on the rise in Capital

The incidents of street crime, car snatching, highway robberies, bootlegging and drug pushing shown upward trend during the week, wherein people were deprived of their valuables worth millions in the federal capital. Capital Police have claimed to have bu
Published 06 Mar, 2011 12:00am
District uplift programme: timely utilisation of resources directed

District uplift programme: timely utilisation of resources directed

Chief Minister Khyber Pakhtunkhwa, Ameer Haider Khan Hoti has directed timely utilisation of resources under District Annual Developmental Programme for the welfare of people and issued directives for the identification of developmental schemes and their
Published 06 Mar, 2011 12:00am
Forces kill six militants

Forces kill six militants

Security forces on Saturday targeted militant's position near Afghan border in Kurram agency, killing six militants, official said. The forces pounded militant's hideouts with artillery in central Kurram. Two hideouts destroyed in the shelling. Taliban mi
Published 06 Mar, 2011 12:00am
Punjab Assembly session on March 11

Punjab Assembly session on March 11

The session of Punjab Assembly has been called on March 11, 2011 at 3pm and a notification in this regard has been issued by Punjab Governor, Sardar Latif Khan Khosa. Speaker Punjab Assembly, Rana Muhammad Iqbal will chair the session.
Published 06 Mar, 2011 12:00am
Seventh flower show in RYK

Seventh flower show in RYK

The seventh annual flower show organised by district government is continuing successfully at Khawaja Fareed government college on Saturday. The stalls of different flowers in nine categories were presenting a tremendous scene and creating attraction for
Published 06 Mar, 2011 12:00am
Firdous launches 'National Polio Eradication' programme

Firdous launches 'National Polio Eradication' programme

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Saturday launched the new National Emergency Action Plan for Polio Eradication by administering polio drops to few children. The inauguration ceremony of the campaign was held here
Published 06 Mar, 2011 12:00am
Capital police arrest 33 suspects, recover weapons, drugs

Capital police arrest 33 suspects, recover weapons, drugs

Islamabad Police rounded up 33 suspects during search operation in different areas of the city and recovered illegal weapons and drugs from their possession, said a spokesman of Islamabad Police here on Saturday.
Published 06 Mar, 2011 12:00am
Protest against robbery: traders block Quetta-Karachi highway

Protest against robbery: traders block Quetta-Karachi highway

Hundreds of vehicles including vehicles loaded with supplies for security forces were stuck up on Quetta-Karachi highway on Saturday after the traders blocked the road to protest massive robbery at Jhalawan Bus Terminal at night between Friday and Saturda
Published 06 Mar, 2011 12:00am
BISE conducts matriculation exams

BISE conducts matriculation exams

The board of intermediate and secondary education Multan conducted secondary school certificate (class-X) annual examination, 2011 on Saturday. The examination of class IX will begin from March 21. As many as 1,12,590 candidates are taking the examination
Published 06 Mar, 2011 12:00am
Spring tree plantation campaign launched

Spring tree plantation campaign launched

Gujranwala Forest Circle has chalked out a comprehensive tree plantation under the spring tree plantation campaign launched in the province. Conservator Gujranwala Forest Circle Dr Muhammad Rafiq giving details said that plants and stumps have been made a
Published 06 Mar, 2011 12:00am
IHC's three benches for next week

IHC's three benches for next week

Chief Justice of Islamabad High Court (IHC) Iqbal Hameed-ur-Rehman has constituted three benches, including a divisional bench, to hear a number of cases from next week starting from March 7. The first bench comprises the Chief Justice Iqbal Hameed-ur-Reh
Published 06 Mar, 2011 12:00am
Secretariat Group: Prime Minister approves promotion of four officers

Secretariat Group: Prime Minister approves promotion of four officers

Prime Minister Syed Yousuf Raza Gilani on Saturday approved promotion of four officers of the Secretariat Group from BS-20 to BS-21. The officers, who were promoted on the recommendations of the Central Selection Board (CSB), included Muhammad Yamin, Amir
Published 06 Mar, 2011 12:00am
Multan doctors' strike enters fifth day

Multan doctors' strike enters fifth day

The strike of doctors to press the authorities for acceptance of their demands entered the fifth day in Multan. On the joint call of Pakistan Medical Association (PMA) and Young Doctors Association (YDA), the doctors observed strike at the Cardiology Inst
Published 06 Mar, 2011 12:00am
Pakistan must tap alternate energy resources: Rana Iqbal

Pakistan must tap alternate energy resources: Rana Iqbal

Speaker Punjab Assembly, Rana Muhammad Iqbal Khan has said that Pakistan should develop coal fired power plants and tap alternate energy resources like wind and solar energy. He was addressing the 33rd annual convention and general meeting of Institution
Published 06 Mar, 2011 12:00am
543 PARC employees' fate hangs in balance

543 PARC employees' fate hangs in balance

The inquiry committee, constituted to look into the irregularities in the Pakistan Agriculture Research Council (PARC), has found 543 appointments illegal and in violation of merit.
Published 06 Mar, 2011 12:00am
Court indicts Babar Awan in kidnapping, dacoity case

Court indicts Babar Awan in kidnapping, dacoity case

A local court on Saturday indicted Federal Minister of Law, Babar Awan in a kidnapping and dacoity case, which was registered against him in New Town Police Station of Rawalpindi. The court of Civil Judge Rawalpindi Mahar Sarfaraz Hussain formally charged
Published 06 Mar, 2011 12:00am
LHC forms benches for next week

LHC forms benches for next week

The Lahore High Court (LHC) has constituted six division benches and 12 single benches to hear cases at the principal seat in the week commencing from March 7. According to the notification issued by the LHC Additional Registrar (Judicial) office, the DBs
Published 06 Mar, 2011 12:00am
Gold strikes record on Libya chaos; New York oil tops $104

Gold strikes record on Libya chaos; New York oil tops $104

Gold glistened last week, striking a record peak as investors hunted for a safe-haven amid violent unrest in Libya that has sparked fears about spreading instability in the Middle East and North Africa. New York crude crossed $104 per barrel to reach the
Published 06 Mar, 2011 12:00am
Asian rubber: tyre makers buy on dips

Asian rubber: tyre makers buy on dips

Bridgestone and Goodyear were in the market for Indonesian tyre grade, while top consumer China chased some cargoes of Thai rubber after prices dropped from record highs, dealers said on Thursday.
Published 06 Mar, 2011 12:00am
Oil World ups Argentine 2011 soyabean crop forecast

Oil World ups Argentine 2011 soyabean crop forecast

Oilseeds analysis firm Oil World said on Tuesday it had raised its forecast for Argentina's 2011 soyabean crop by 0.5 million tonnes from its previous estimate in February after parched crops received rain. Argentina's 2011 soyabean crop is likely to reac
Published 06 Mar, 2011 12:00am
India trims cotton output estimate, export scope dims

India trims cotton output estimate, export scope dims

India has revised downwards its cotton output estimate for 2010/11 by more than 5 percent, due to untimely rains, industry officials said on Tuesday, dimming chances of exports topping the currently permitted 5.5 million bales.
Published 06 Mar, 2011 12:00am
Sluggish demand drags Thai rice prices down

Sluggish demand drags Thai rice prices down

Prospects of lower demand from Indonesia and the Philippines dragged Thai rice prices down nearly 4 percent this week, although prices in Vietnam were supported by loading demand, traders said. The drop in Thailand was expected to be limited by government
Published 06 Mar, 2011 12:00am
Bangladesh to import 175,000 tonnes of sugar

Bangladesh to import 175,000 tonnes of sugar

Bangladesh will import 175,000 tonnes of sugar to keep prices of the sweetener stable, a senior official of the state-owned Bangladesh Sugar and Food Industries Corporation said on Wednesday. The government is in talks with Brazil to import 100,000 tonnes
Published 06 Mar, 2011 12:00am
Global copper output inches higher

Global copper output inches higher

The world's biggest copper miners increased output for a third consecutive quarter late last year, pushing operations hard to cash in on record-setting prices, a Reuters survey showed on Friday. Production restarts and expansion projects by 11 of the bigg
Published 06 Mar, 2011 12:00am
US gold gains above 1,430; silver jumps

US gold gains above 1,430; silver jumps

Gold rose above $1,430 an ounce on Friday, while silver surged 3 percent to 31-year highs, as soaring oil prices fuelled by widening clashes in Libya prompted investors to pile into safe havens. Bullion hit a record high of $1,440.10 an ounce on Wednesday
Published 06 Mar, 2011 12:00am
Copper ends down

Copper ends down

Copper backed away from a near three-week high to end down on Friday as rising oil prices and escalating violence in North Africa eclipsed initial euphoria from upbeat employment data in the United States. A cautious tone swept across the broader market a
Published 06 Mar, 2011 12:00am
Soyabeans retreat

Soyabeans retreat

US soyabean futures turned lower on Friday, halting a three-day winning streak, after Informa Economics raised its estimates of soya production in Brazil and Argentina, easing concerns about tight world supplies. Corn futures retreated on profit-taking af
Published 06 Mar, 2011 12:00am
Japan launches 'Hayabusa' bullet train

Japan launches 'Hayabusa' bullet train

Japan's latest bullet train, the thin-nosed "Hayabusa" or Falcon, made its 300 kilometre per hour (186 mph) debut Saturday, boasting a luxury carriage modelled on airline business class. Japan has built up a network of cutting-edge Shinkansen train lines
Published 06 Mar, 2011 12:00am
SEC investigating Kraft for corruption in India

SEC investigating Kraft for corruption in India

The US Securities and Exchange Commission is investigating Kraft Foods Inc for possible corruption at an Indian facility of its Cadbury unit, the company said in a regulatory filing. Kraft, the marker of Maxwell House coffee, Oscar Meyer lunchmeats and Ve
Published 06 Mar, 2011 12:00am
Obama denounces political spending cuts

Obama denounces political spending cuts

President Barack Obama said on Saturday that spending cuts to narrow the US budget deficit must not be politically motivated or threaten the economy as it climbs out of recession. Obama's fellow Democrats and Republicans in Congress have been debating how
Published 06 Mar, 2011 12:00am
UK banks tell BoE's King they have reformed

UK banks tell BoE's King they have reformed

Britain's banks said on Saturday they had made their businesses safer, clashing with Bank of England Governor Mervyn King who warned of the risk of a fresh financial crisis in a scathing and rare interview. "The banking industry recognises that some of it
Published 06 Mar, 2011 12:00am
Regling sees no more countries using EU safety net

Regling sees no more countries using EU safety net

The head of the European Union's safety net for countries struggling with public finances said on Saturday he did not think any more members would have to tap the eurozone rescue fund, for now. "At the moment it does not appear so," Klaus Regling told Aus
Published 06 Mar, 2011 12:00am
Arab unrest can double crude prices: UK minister

Arab unrest can double crude prices: UK minister

The price of a barrel of crude could double if the unrest in the Arab world deteriorates, oil trader turned British international development minister Alan Duncan warned Saturday. Duncan, who has 30 years' business experience in the Gulf, told The Times n
Published 06 Mar, 2011 12:00am
China set for five more fat years of growth: Wen

China set for five more fat years of growth: Wen

China is on course for another five years of robust growth, but inflation threatens social stability and must be tamed, Premier Wen Jiabao said on Saturday. In China's version of a "State of the Union" address to the annual parliamentary session, Wen said
Published 06 Mar, 2011 12:00am
Gulf Arab states to fix date for customs union this year

Gulf Arab states to fix date for customs union this year

The Gulf Co-operation Council, made up of six Gulf Arab states, will this year resolve outstanding issues to clear a path toward creating a customs union, its secretary general said on Saturday. "Pending issues need to be resolved to reach a final deal on
Published 06 Mar, 2011 12:00am
EU's Rehn says Ireland, Greece need cheaper loans

EU's Rehn says Ireland, Greece need cheaper loans

Countries that share the euro currency must grant debt-strapped Greece and Ireland easier terms on loans they have provided, European Monetary Affairs Commissioner Olli Rehn told a German newspaper. In comments to be published in Monday's edition of Hande
Published 06 Mar, 2011 12:00am
High oil prices leave US markets flat over week

High oil prices leave US markets flat over week

US investors bounced between the threat of rising oil prices and positive economic indicators to drive their trades as the stock markets ended a punchy week virtually unchanged Friday. Promising data on jobs, production and core inflation could not overco
Published 06 Mar, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (March 05, 2011).

Published 06 Mar, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (March 05, 2011).

Published 06 Mar, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (March 05, 2011).

Published 06 Mar, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (March 05, 2011).

Published 06 Mar, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 06 Mar, 2011 12:00am
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 06 Mar, 2011 12:00am
Guwar Punjab, Sindh lose Rs 300 on grain market

Guwar Punjab, Sindh lose Rs 300 on grain market

A few changes were seen on the wholesales grain market on Saturday due to balanced demand and supply factor, dealers said. On the grams side prices of both guwar Sindh and Punjab fell by Rs 300 to Rs 4500-4600 and Rs 4400-4500, other items maintained over
Published 06 Mar, 2011 12:00am
Oil cake market rates

Oil cake market rates

Mixed trend was witnessed on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The March vaida that had closed at Rs 1241.80 opened with a loss of 20 paisa at Rs 1241.60, The May contract which closed at Rs 1322.50 com
Published 06 Mar, 2011 12:00am
Mills have to buy despite higher price trend on cotton market

Mills have to buy despite higher price trend on cotton market

Upward trend persisted on the cotton market on Saturday as needy mills had no choice but to keep on purchasing to meet the forward requirements, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 12000, they said.
Published 06 Mar, 2011 12:00am
Russia's January gold output up

Russia's January gold output up

Russian firms produced 7.53 tonnes of gold in January, 12.4 percent more than in January of 2010, the Gold Industrialists' Union industry lobby said on Saturday. The union expects gold production by Russia - the world's No 5 producer - to rebound to 205-2
Published 06 Mar, 2011 12:00am
Saudi Arabia's 2010 wheat output up

Saudi Arabia's 2010 wheat output up

Following are selected highlights from a report issued by a US Department of Agriculture attache in Saudi Arabia: The Saudi government terminated its domestic barley production subsidy program in 2003 which was brought to end a two decade long domestic co
Published 06 Mar, 2011 12:00am
US corn futures down on profit-taking

US corn futures down on profit-taking

US corn futures set back on Friday on profit-taking after extending a 32-month high, but the market nonetheless posted its fifth straight weekly rise as US supplies remained tight. Soybeans were choppy, rallying late on concerns about labour unrest at por
Published 06 Mar, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 114,372 tonnes of cargo including 73,986 tonnes of import cargo, 40,386 tonnes of export cargo and 4,249 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 73,986 tonnes compr
Published 06 Mar, 2011 12:00am
Argentine crops in mixed shape

Argentine crops in mixed shape

Argentine 2010/11 soya is in a patchy condition depending on how much rain has fallen, but many crops in the top growing region are developing well, the Agriculture Ministry said on Friday. Argentina is the world's No 3 exporter of soyabeans and the top s
Published 06 Mar, 2011 12:00am
Soya export premiums rise

Soya export premiums rise

Soyabean export premiums at the US Gulf Coast rose on Friday as soaring barge freight rates lifted the cost of soyabeans in the CIF market which supply export elevators at the Gulf, traders said. There was widespread talk that a Chinese buyer may have can
Published 06 Mar, 2011 12:00am
Trade Bank of Iraq to launch private equity fund

Trade Bank of Iraq to launch private equity fund

A state-run Iraqi bank plans to set up a $500 million private-equity fund to invest in projects in the war-ravaged country and will next month look to identify a global player to act as the fund's general partner. Hussein Al-Uzri, president and chairman o
Published 06 Mar, 2011 12:00am
Turkish markets firm

Turkish markets firm

The Turkish lira strengthened on Friday, recouping some losses as concerns over the country's widening trade deficit eased with a decline in oil prices. The lira firmed to 1.5983 against the dollar on the interbank market from a close of 1.6050 a day earl
Published 06 Mar, 2011 12:00am
India's commodity exchange trade to jump

India's commodity exchange trade to jump

Volumes on India's commodity exchanges could jump 20 percent in the year to March 2012, as banks and foreign institutions start trading and mini-contracts attract farmers to take part, the market regulator said. Legislation to allow banks and foreign play
Published 06 Mar, 2011 12:00am
Middle East markets: Saudi index makes biggest gain since November 2008

Middle East markets: Saudi index makes biggest gain since November 2008

Saudi Arabia's index made its largest gain in more than two years on Saturday, easing away from the previous session's 22-month low after the country's finance minister sought to reassure nervous investors. The benchmark climbed 7.3 percent to 5,709 point
Published 06 Mar, 2011 12:00am
IPO view: Why are banks hesitant on Facebook, Twitter deals?

IPO view: Why are banks hesitant on Facebook, Twitter deals?

In the month after Goldman Sachs brokered a private placement for Facebook, Wall Street banks including Bank of America and Citigroup looked at trying to do similar deals, but many have since backed away. Banks are hesitant to follow in the footsteps of G
Published 06 Mar, 2011 12:00am
Treasuries rally

Treasuries rally

US Treasuries prices rallied on Friday as moderate US job growth in February, stock market losses and higher oil prices whetted investors' appetite for safe-haven government debt ahead of the weekend. More gradual US employment growth in February than som
Published 06 Mar, 2011 12:00am
Treasuries rally

Treasuries rally

US Treasuries prices rallied on Friday as moderate US job growth in February, stock market losses and higher oil prices whetted investors' appetite for safe-haven government debt ahead of the weekend. More gradual US employment growth in February than som
Published 06 Mar, 2011 12:00am
Toronto stock index rises to 32-month high

Toronto stock index rises to 32-month high

Toronto's main stock index reached its highest level in 32 months on Friday as intensified fighting in Libya boosted commodity prices, supporting the index's powerhouse energy and gold-mining shares. Canadian Natural Resources surged 3.6 percent to C$49.7
Published 06 Mar, 2011 12:00am
Emerging markets: Latam stocks down as oil prices stay high

Emerging markets: Latam stocks down as oil prices stay high

Latin American equities rose on Friday as energy stocks climbed on rising oil prices even as other stocks were hit by fears of global inflation. The MSCI Latin American stocks index closed up 0.36 percent, supported by gains in oil stocks, but markets in
Published 06 Mar, 2011 12:00am
Myanmar pilots among six dead in Russia crash

Myanmar pilots among six dead in Russia crash

A passenger jet that Russia was to deliver to Myanmar crashed during a training flight on Saturday, killing its Russian crew of four and two pilots from the Southeast Asian nation, officials said. The An-148-100E crashed in the Belgorod province, some 600
Published 06 Mar, 2011 12:00am
No state with temporary border: Abbas

No state with temporary border: Abbas

The Palestinian president said Saturday he would not accept an Israeli peace initiative if it called for temporary borders for a future Palestinian state. President Mahmoud Abbas' comments were the highest official response so far to news of a peace plan
Published 06 Mar, 2011 12:00am
Uzbekistan amends laws to devolve more powers to parliament

Uzbekistan amends laws to devolve more powers to parliament

Uzbekistan on Saturday amended its laws to devolve more power to parliament in a move a rights group said was aimed at securing a smooth power transfer from veteran leader Islam Karimov and placating a critical West. Karimov, 73, has ruled since 1989. The
Published 06 Mar, 2011 12:00am
China internal security spending jumps past army budget

China internal security spending jumps past army budget

China's spending on police and domestic surveillance will hit new heights this year, with "public security" outlays unveiled on Saturday outstripping the defence budget for the first time as Beijing cracks down on protest calls.
Published 06 Mar, 2011 12:00am
Nato kills Taliban 'shadow' governor

Nato kills Taliban 'shadow' governor

Nato-led forces killed a Taliban "shadow" district governor and an insurgent in northern Afghanistan, a government official said Saturday. Baz Mohammad, from the Imam Sahib district of Kunduz province, and the insurgent were killed by the US special force
Published 06 Mar, 2011 12:00am
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