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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-03-28
Brazil sees capital flows as threat to stability

Brazil sees capital flows as threat to stability

Brazil's central bank defended efforts to erect barriers to foreign money, arguing a deluge of capital was pressuring inflation and threatening the stability of financial markets. "We are facing now a great flood of international liquidity," Deputy Centra
Published 28 Mar, 2011 12:00am
Index loses 54.48 points

Index loses 54.48 points

After witnessing a mixed trend at the Karachi share market during the outgoing week ended March 25, 2011, the KSE-100 index finally closed at the level of 11,552.13 points, with a net loss of 54.48 points on week-on-week basis.
Published 28 Mar, 2011 12:00am
Index loses 54.48 points

Index loses 54.48 points

After witnessing a mixed trend at the Karachi share market during the outgoing week ended March 25, 2011, the KSE-100 index finally closed at the level of 11,552.13 points, with a net loss of 54.48 points on week-on-week basis.
Published 28 Mar, 2011 12:00am
Index loses 54.48 points

Index loses 54.48 points

After witnessing a mixed trend at the Karachi share market during the outgoing week ended March 25, 2011, the KSE-100 index finally closed at the level of 11,552.13 points, with a net loss of 54.48 points on week-on-week basis.
Published 28 Mar, 2011 12:00am
Futures open interest up by 13 percent

Futures open interest up by 13 percent

The total open interest at the futures counter increased by 13 percent on week-on-week basis to Rs 1.653 billion. On the other hand, futures spreads declined by 159bps on week-on-week basis to 7.48 percent. The average daily volumes at the futures counter
Published 28 Mar, 2011 12:00am
Futures open interest up by 13 percent

Futures open interest up by 13 percent

The total open interest at the futures counter increased by 13 percent on week-on-week basis to Rs 1.653 billion. On the other hand, futures spreads declined by 159bps on week-on-week basis to 7.48 percent. The average daily volumes at the futures counter
Published 28 Mar, 2011 12:00am
Futures open interest up by 13 percent

Futures open interest up by 13 percent

The total open interest at the futures counter increased by 13 percent on week-on-week basis to Rs 1.653 billion. On the other hand, futures spreads declined by 159bps on week-on-week basis to 7.48 percent. The average daily volumes at the futures counter
Published 28 Mar, 2011 12:00am
Futures open interest up by 13 percent

Futures open interest up by 13 percent

The total open interest at the futures counter increased by 13 percent on week-on-week basis to Rs 1.653 billion. On the other hand, futures spreads declined by 159bps on week-on-week basis to 7.48 percent. The average daily volumes at the futures counter
Published 28 Mar, 2011 12:00am
Rebels push west as air strikes hit Qadhafi forces

Rebels push west as air strikes hit Qadhafi forces

Libyan rebels pushed further west on Sunday to retake more territory abandoned by Muammar Qadhafi's retreating forces, which have been weakened by Western air strikes.
Published 28 Mar, 2011 12:00am
Pakistan's mango exports likely to exceed target

Pakistan's mango exports likely to exceed target

Pakistan is likely to surpass its mango export target this season due to favourable weather for the past few months. Pakistan is one of the largest exporters and producers of mangoes in the world. The authorities have set an export target of 140,000 tonne
Published 28 Mar, 2011 12:00am
Pakistan's mango exports likely to exceed target

Pakistan's mango exports likely to exceed target

Pakistan is likely to surpass its mango export target this season due to favourable weather for the past few months. Pakistan is one of the largest exporters and producers of mangoes in the world. The authorities have set an export target of 140,000 tonne
Published 28 Mar, 2011 12:00am
Pakistan''s mango exports likely to exceed target

Pakistan''s mango exports likely to exceed target

Pakistan is likely to surpass its mango export target this season due to favourable weather for the past few months. Pakistan is one of the largest exporters and producers of mangoes in the world. The authorities have set an export target of 140,000 tonne
Published 28 Mar, 2011 12:00am
'US nuclear plant shielded against Japan emergency'

'US nuclear plant shielded against Japan emergency'

A US nuclear plant in Alabama similar in design to the earthquake-hit Fukushima facility in Japan has multiple defences to prevent and tackle the same kind of emergency, its operator said.
Published 28 Mar, 2011 12:00am
'US nuclear plant shielded against Japan emergency'

'US nuclear plant shielded against Japan emergency'

A US nuclear plant in Alabama similar in design to the earthquake-hit Fukushima facility in Japan has multiple defences to prevent and tackle the same kind of emergency, its operator said.
Published 28 Mar, 2011 12:00am
MONEY WEEK: some positives, but too early to cheer up!

MONEY WEEK: some positives, but too early to cheer up!

The trend in monetary aggregates during the third quarter has changed, and it appears to be in the right direction. The most active player, the government, is, at least for the time being, moving away from inflationary central bank borrowing and instead r
Published 28 Mar, 2011 12:00am
MONEY WEEK: some positives, but too early to cheer up!

MONEY WEEK: some positives, but too early to cheer up!

The trend in monetary aggregates during the third quarter has changed, and it appears to be in the right direction. The most active player, the government, is, at least for the time being, moving away from inflationary central bank borrowing and instead r
Published 28 Mar, 2011 12:00am
MONEY WEEK: some positives, but too early to cheer up!

MONEY WEEK: some positives, but too early to cheer up!

The trend in monetary aggregates during the third quarter has changed, and it appears to be in the right direction. The most active player, the government, is, at least for the time being, moving away from inflationary central bank borrowing and instead r
Published 28 Mar, 2011 12:00am
Rules for bonds to be issued soon: SECP chief

Rules for bonds to be issued soon: SECP chief

Chairman Securities and Exchange Commission of Pakistan, Muhammad Ali informs a Business Recorder team comprising Islamabad Resident Editor Anjum Ibrahim and staff reporters Sohail Sarfraz and Wasim Iqbal that tax proposals for budget (2011-2012) w
Published 28 Mar, 2011 12:00am
Rules for bonds to be issued soon: SECP chief

Rules for bonds to be issued soon: SECP chief

Chairman Securities and Exchange Commission of Pakistan, Muhammad Ali informs a Business Recorder team comprising Islamabad Resident Editor Anjum Ibrahim and staff reporters Sohail Sarfraz and Wasim Iqbal that tax proposals for budget (2011-2012) w
Published 28 Mar, 2011 12:00am
Rules for bonds to be issued soon: SECP chief

Rules for bonds to be issued soon: SECP chief

Chairman Securities and Exchange Commission of Pakistan, Muhammad Ali informs a Business Recorder team comprising Islamabad Resident Editor Anjum Ibrahim and staff reporters Sohail Sarfraz and Wasim Iqbal that tax proposals for budget (2011-2012) w
Published 28 Mar, 2011 12:00am
Rules for bonds to be issued soon: SECP chief

Rules for bonds to be issued soon: SECP chief

Chairman Securities and Exchange Commission of Pakistan, Muhammad Ali informs a Business Recorder team comprising Islamabad Resident Editor Anjum Ibrahim and staff reporters Sohail Sarfraz and Wasim Iqbal that tax proposals for budget (2011-2012) w
Published 28 Mar, 2011 12:00am
JI condemns repeated US drone attacks

JI condemns repeated US drone attacks

Jamaat-e-Islami's (JI) chief Syed Munawar Hassan has strongly condemned the repeated US drone attacks in Pakistan's tribal areas and termed these against the sovereignty of the country. He was addressing a JI rally here at D-Chowk of the Federal Capital,
Published 28 Mar, 2011 12:00am
Need to generate solar energy to overcome power crisis stressed

Need to generate solar energy to overcome power crisis stressed

It is need of the hour to generate solar energy as power crisis is not only shrinking industries but also affecting agricultural production. This was stated by speakers while addressing a seminar titled "role of agricultural machinery in poverty alleviati
Published 28 Mar, 2011 12:00am
'PGMI is the role model medical education institute'

'PGMI is the role model medical education institute'

Post-graduate Medical Institute (PGMI) Lahore is an international standard institution. The graduates of the PGMI are rendering their educational and professional services in various countries, which is a matter of honour for the Principal as well as facu
Published 28 Mar, 2011 12:00am
Senate meets today to discuss Zardari's address

Senate meets today to discuss Zardari's address

The Upper House of the Parliament will meet on Monday (today) here at the Parliament House in the afternoon. It will be the first sitting of the new parliamentary year and 68th session of the Senate.
Published 28 Mar, 2011 12:00am
Desecration of Holy Quran: protest held against US pastors

Desecration of Holy Quran: protest held against US pastors

Protest against desecration of Holy Quran continued in Multan and other parts of Southern Punjab on Sunday. More than 1,500 activists of religious parties today staged five demonstrations in the city. Sunni Tehrik, Shia Ulema council, Good Transport Assoc
Published 28 Mar, 2011 12:00am
Nawaz is fast recovering: Shahbaz

Nawaz is fast recovering: Shahbaz

Punjab Chief Minister Shahbaz Sharif talking to media about health of his brother and Quaid Pakistan Muslim League-N Mian Nawaz Sharif on his return from Landon at Allama Iqbal International Airport here Sunday. He said that Nawaz Sharif was fast recoveri
Published 28 Mar, 2011 12:00am
Gas supply to textile industry cut down to 3.5 days a week

Gas supply to textile industry cut down to 3.5 days a week

The SNGPL has cut down gas supply frequency to three and half days from five days a week to the textile industry, said Chairman APTMA Gohar Ejaz Sunday. He said President Asif Ali Zardari had directed the SNGPL to ensure five days a week supply to textile
Published 28 Mar, 2011 12:00am
Drone attacks: Malik's statement proves PPP's loyalty to US

Drone attacks: Malik's statement proves PPP's loyalty to US

Jamaat-e-Islami Secretary General, Liaquat Baloch, has said Interior Minister Rehman Malik's statement expressing helplessness to stop drone attacks only proved PPP's loyalty to the US at the cost of vital interests of the country and the nation.
Published 28 Mar, 2011 12:00am
PPP's CEC to decide Qureshi's fate on April 4

PPP's CEC to decide Qureshi's fate on April 4

Central Executive Committee of Pakistan People's Party (PPP) will decide the fate of former foreign Minister Makhdoom Shah Mehmood Qureshi in its meeting in Larkana on April 4. It has decided not to invite Qureshi to join the meeting because he wants to e
Published 28 Mar, 2011 12:00am
ASF organises colourful Meena Bazaar

ASF organises colourful Meena Bazaar

Attock Sahara Foundation (ASF) is working for community welfare besides involving the community particularly women folks of the area in socio economic activities.
Published 28 Mar, 2011 12:00am
Islamabad police arrest 10 alleged criminals

Islamabad police arrest 10 alleged criminals

Islamabad Police have arrested ten criminals involved in fake currency transaction, drug pushing, bootlegging and in possession of illegal weapons and recovered 3.5-kilogram charas, 2 illegal weapons and fifty thousand fake currency from their possession,
Published 28 Mar, 2011 12:00am
AIOU announces admissions in BS Commerce

AIOU announces admissions in BS Commerce

For the first time, Allama Iqbal Open University (AIOU) department of Business Administration has started admissions of 4-year degree programmes in three different disciplines at graduate level.
Published 28 Mar, 2011 12:00am
Egypt bourse could resume normal trade hours

Egypt bourse could resume normal trade hours

Egypt's stock market could resume normal four-hour trading this week following talks to cancel emergency procedures, state news agency MENA cited an official as saying on Saturday. Egypt's benchmark index fell to its lowest level in nearly two years on Th
Published 28 Mar, 2011 12:00am
Hong Kong shares expected to rise 17 percent

Hong Kong shares expected to rise 17 percent

Hong Kong shares are likely to rise about 17 percent this year, with gains weighted towards the latter half, as concerns over Chinese policy tightening ease, a Reuters poll showed.
Published 28 Mar, 2011 12:00am
Most Gulf markets rise, investors positive on first quarter

Most Gulf markets rise, investors positive on first quarter

Most Middle East markets rallied on Sunday as investor bet on strong first-quarter results and positive sentiment from Saudi Arabia's additional social spending plan resulted in sustained gains. Saudi Arabia's index hits a six-week closing high, with smal
Published 28 Mar, 2011 12:00am
Global Markets Weekahead: new quarter, old issues for investors

Global Markets Weekahead: new quarter, old issues for investors

Surprising as it may seem, investors are heading into a new quarter in relatively buoyant form, overcoming nerves about Japan's disasters, rising oil prices and the EU's delay in finalising its debt crisis package. The first quarter was littered with week
Published 28 Mar, 2011 12:00am
Shanghai stocks to rebound

Shanghai stocks to rebound

Shanghai shares are set to rise further this year recouping most of the losses logged in 2010, though concerns over monetary tightening could lead to a temporary dip next quarter, a Reuters poll found. China's benchmark Shanghai Composite Index will likel
Published 28 Mar, 2011 12:00am
Japanese ADRs fall as investors cautious

Japanese ADRs fall as investors cautious

Japanese equity-linked securities traded in the United States pointed to waning interest in Japanese exposure on Friday after record foreign buying helped drive Tokyo shares to their best week in five months. Nikkei index futures traded in Chicago, a popu
Published 28 Mar, 2011 12:00am
Japanese ADRs fall as investors cautious

Japanese ADRs fall as investors cautious

Japanese equity-linked securities traded in the United States pointed to waning interest in Japanese exposure on Friday after record foreign buying helped drive Tokyo shares to their best week in five months. Nikkei index futures traded in Chicago, a popu
Published 28 Mar, 2011 12:00am
Investor 3i's Norma sets eyes German IPO

Investor 3i's Norma sets eyes German IPO

German engineering group Norma aims to begin trading on the Frankfurt Stock Exchange on April 8, the group said, after global stock markets shrugged off worries including Japan's disasters and rallied again. Shares will be priced in the range of 19-24 eur
Published 28 Mar, 2011 12:00am
Investor 3i's Norma sets eyes German IPO

Investor 3i's Norma sets eyes German IPO

German engineering group Norma aims to begin trading on the Frankfurt Stock Exchange on April 8, the group said, after global stock markets shrugged off worries including Japan's disasters and rallied again. Shares will be priced in the range of 19-24 eur
Published 28 Mar, 2011 12:00am
Bulls turn bears on India as doubts grow

Bulls turn bears on India as doubts grow

Investors have turned bearish on India despite government forecasts of nine percent economic growth, as concerns over widespread corruption and high inflation knock confidence, analysts say. Only a few months ago investors were pouring into Indian equitie
Published 28 Mar, 2011 12:00am
Wall Street Weekahead: stock investors to focus on hot sectors

Wall Street Weekahead: stock investors to focus on hot sectors

US stock investors could scramble to pick up some of the market's best recent performers next week as the quarter comes to an end, putting the spotlight on energy and industrial companies. But worries about Japan, the Middle East and oil prices will persi
Published 28 Mar, 2011 12:00am
British growth data in spotlight for traders

British growth data in spotlight for traders

British growth data will provide a key focus of attention next week for traders on the London stock market, alongside developments over the Portuguese debt crisis, Arab unrest and Japan's woes. Dealers are also eagerly awaiting publication of key jobs dat
Published 28 Mar, 2011 12:00am
Taiwan stocks seen firm in 2011

Taiwan stocks seen firm in 2011

Taiwan's stock market should pick up from June and end 2011 with firm gains, though the outlook is cloudier following the devastating earthquake in Japan, one of Taiwan's top markets and a source of orders for its hi-tech firms, a Reuters poll found.
Published 28 Mar, 2011 12:00am
Hedge funds failing to handle choppy markets

Hedge funds failing to handle choppy markets

Hedge funds are ending the quarter giving investors less than they would have got from simply buying stocks and hanging on to them, belying their reputation as being at the cutting edge of money-making. In some cases they have provided less return than fr
Published 28 Mar, 2011 12:00am
Hedge funds failing to handle choppy markets

Hedge funds failing to handle choppy markets

Hedge funds are ending the quarter giving investors less than they would have got from simply buying stocks and hanging on to them, belying their reputation as being at the cutting edge of money-making. In some cases they have provided less return than fr
Published 28 Mar, 2011 12:00am
Brazil sees capital flows as threat to stability

Brazil sees capital flows as threat to stability

Brazil's central bank defended efforts to erect barriers to foreign money, arguing a deluge of capital was pressuring inflation and threatening the stability of financial markets. "We are facing now a great flood of international liquidity," Deputy Centra
Published 28 Mar, 2011 12:00am
Botham tours Sri Lanka's war zone

Botham tours Sri Lanka's war zone

Former England cricketer Sir Ian Botham on Sunday visited Sri Lanka's former war zone to oversee plans to build a sports complex. Botham flew to the project site at Mankulam, 300 kilometres (187 miles) north of Colombo, organisers said in a statement.
Published 28 Mar, 2011 12:00am
Heart scan may help cut BP, cholesterol

Heart scan may help cut BP, cholesterol

Calcium heart scans could help people lower their blood pressure and cholesterol levels, according to a new study on the controversial x-ray tests. Several professional groups are already pushing for more widespread use of the scans, yet they've never bee
Published 28 Mar, 2011 12:00am
Tokyo-grown vegetable shows high radiation

Tokyo-grown vegetable shows high radiation

Radiation above the legal limit has been detected in a vegetable grown in Tokyo, Japan's health ministry said, amid a deepening food scare that has seen some imports from the country banned. The level of radiation found in a sample of Komatsuna, or Japane
Published 28 Mar, 2011 12:00am
Genome study brings blood cancer into sharp focus

Genome study brings blood cancer into sharp focus

Scientists have mapped out the full genetic code of 38 people with multiple myeloma, uncovering never-before suspected genes that play a role in the blood cancer and showing that a promising new drug might help.
Published 28 Mar, 2011 12:00am
Asia-Pacific smartphone use seen doubling by 2016

Asia-Pacific smartphone use seen doubling by 2016

The Asia-Pacific smartphone market is expected to double to 200 million by 2016, with Google's Android operating system the leading platform, an industry analyst said on March 24. The growing popularity of the handheld devices, which allow users to surf t
Published 28 Mar, 2011 12:00am
LinkedIn hits 100 million members

LinkedIn hits 100 million members

LinkedIn, the career-oriented social network, said on March 22 that it has hit 100 million members, more than half of whom live outside the United States. "We're now growing at roughly one million new LinkedIn members every week, the equivalent of a profe
Published 28 Mar, 2011 12:00am
Sprint mobile calls get Google Voice

Sprint mobile calls get Google Voice

Google on March 22 announced an alliance with Sprint to add the Internet giant's online telephony capabilities to mobile phones serviced by the US telecom firm. Sprint customers will be able to have calls to their numbers simultaneously ring at multiple p
Published 28 Mar, 2011 12:00am
Yahoo! stays in search game with real-time results

Yahoo! stays in search game with real-time results

Yahoo! on March 23 began a US rollout of a feature that delivers real time Internet search results as quickly as people can time queries. A test version of Search Direct will be added in coming months to all Yahoo! properties with search query boxes. Sear
Published 28 Mar, 2011 12:00am
Facebook buys startup to link with more mobile phones

Facebook buys startup to link with more mobile phones

Facebook is buying an Israeli startup that specialises in software that connects any type of mobile telephone to the leading online social network and other popular Internet destinations.
Published 28 Mar, 2011 12:00am
New browsers aim at enriching the web experience

New browsers aim at enriching the web experience

The web is getting more colourful and animated every day. The two leading browser makers, Microsoft and Mozilla, presented new versions of their software at the recent CeBIT technology fair in Hanover, Germany. Both support videos and animations in the ne
Published 28 Mar, 2011 12:00am
New sleek Firefox Web browser unleashed

New sleek Firefox Web browser unleashed

A fast, sleek new version of Firefox was released on March 22 to vie Microsoft's Internet Explorer 9 (IE9) and Google Chrome in the fiercely competitive market for Web browsing software.
Published 28 Mar, 2011 12:00am
Dictate your text message

Dictate your text message

If you don't want to type, you can now dictate your text messages on landline or mobile phones using Dictocom's new Speech Short Message Service (SSMS). To use it, customers call up a local number and record their message. It is then automatically convert
Published 28 Mar, 2011 12:00am
App for managing network storage

App for managing network storage

Manufacturer Buffalo has introduced a new smartphone app for managing its Linkstation Quad. Video and music files saved on the storage device can be viewed or played with an iPhone or Android mobile. The Linkstation, which comes with 4, 8 or 12 terabytes,
Published 28 Mar, 2011 12:00am
Asus new Blu-ray writer and tablet PC

Asus new Blu-ray writer and tablet PC

Asus is offering a new Blu-ray writer. The BW-12D1S-U, which features a USB 3.0 connection, should be able to write on blank discs at up to 12X speed. Another new item is the Eee Slate EP 121 tablet computer with Windows 7, scheduled for a March release f
Published 28 Mar, 2011 12:00am
Xtreamer presents new media player

Xtreamer presents new media player

Xtreamer is offering a new media player dubbed Ultra. The system includes a mini-PC with an Intel Atom processor (1.8 gigahertz) and 4-gigabyte of working memory. There is space for a 2.5-inch hard drive. However, this is not included with the device. Nei
Published 28 Mar, 2011 12:00am
Audio books added to Kindle downloads

Audio books added to Kindle downloads

Amazon.com on March 24 added books read aloud by celebrities, authors and others to the library of works that can be wirelessly downloaded to the latest generation Kindle electronic readers. More than 50,000 works from Amazon subsidiary Audible Audiobooks
Published 28 Mar, 2011 12:00am
Google keeps tight grip on tablet software

Google keeps tight grip on tablet software

Google on Thursday said it will be keeping a tight grip on its Honeycomb software crafted specially for tablet computers. The California technology giant known for letting outside developers and gadget makers have their way with its Android software for p
Published 28 Mar, 2011 12:00am
China's CNOOC 2010 profit soars

China's CNOOC 2010 profit soars

CNOOC Ltd, China's biggest offshore oil and gas producer, said its 2010 net profit surged 84.5 percent on higher oil prices as demand increased with the global economic recovery. The company reported a net profit of 54.41 billion yuan ($8.2 billion), up f
Published 28 Mar, 2011 12:00am
Zain eyes South Sudan growth

Zain eyes South Sudan growth

Sudan's biggest mobile phone operator Zain is treading cautiously in the country's poor south, as it weighs up the prospect of a relatively untapped market with high costs and instability, a senior executive told Reuters.
Published 28 Mar, 2011 12:00am
UniCredit profits down in 2010

UniCredit profits down in 2010

UniCredit, Italy's largest bank, saw net profits fell by 22.2 percent to 1.323 billion euros ($1.877 billion) last year, amid financial market volatility and a shareholder rebellion which led to a boardroom shake-up. The profit fall was due in part to "se
Published 28 Mar, 2011 12:00am
Kingfisher posts higher annual profits

Kingfisher posts higher annual profits

Kingfisher, Europe's biggest home-improvements retailer, said on March 24 that annual net profits rose 27.5 percent to £491 million (566 million euros, $796 million) in 2010/11. Kingfisher, which owns the B&Q chain in Britain and Castorama in France, said
Published 28 Mar, 2011 12:00am
Morgan Stanley sees India wealth assets growth

Morgan Stanley sees India wealth assets growth

Morgan Stanley sees its India wealth management assets growing at a "sustainable pace" of 25 percent a year in the near future as the bank adds more advisers in the rapidly growing Asian economy, a senior official said on March 23.
Published 28 Mar, 2011 12:00am
Basel liquidity rules pose risks for Asia-Pacific banks

Basel liquidity rules pose risks for Asia-Pacific banks

New global rules on bank liquidity run the risk of destabilising the banking industry in Asia-Pacific's fiscally-disciplined economies rather than supporting it. The Basel Committee on Banking Supervision has drawn up the first ever global set of liquidit
Published 28 Mar, 2011 12:00am
South Africa lacked composure, admits coach

South Africa lacked composure, admits coach

Coach Corrie van Zyl admitted Sunday that South Africa lacked the composure to go all the way after a shock 2011 Cricket World Cup quarter-finals loss to New Zealand. Set 222 to win in the Bangladeshi capital Dhaka, the hotly fancied Proteas were bundled
Published 28 Mar, 2011 12:00am
Pakistan and India semi-finals: CDA to install large screen at F-9 park

Pakistan and India semi-finals: CDA to install large screen at F-9 park

Keeping in view the enthusiasm of the cricket fans and importance of the semi-final between Pakistan and India, the Capital Development Authority (CDA) has made elaborate arrangements to show the World Cup 2011 Semi-final to the general public on big scre
Published 28 Mar, 2011 12:00am
Give us a break, pleads Strauss after Cup rout

Give us a break, pleads Strauss after Cup rout

England skipper Andrew Strauss believes his team's five months on the road, which witnessed the emotional high of a comprehensive Ashes triumph, eventually undermined their World Cup hopes. England's rollercoaster tournament ended on Saturday in a 10-wick
Published 28 Mar, 2011 12:00am
Bulgarians stage new protest over high fuel prices

Bulgarians stage new protest over high fuel prices

Thousands of Bulgarians protested on Sunday against high fuel prices which have put pressure on living standards in the European Union's poorest country. For the second time this month, long columns of cars passed through all major cities to demand lower
Published 28 Mar, 2011 12:00am
Turkey to privatise 45 power plants

Turkey to privatise 45 power plants

Turkish Prime Minister Tayyip Erdogan said Turkey will complete the privatisation of 17 thermal and 28 hydro power plants this year, state-run Anatolia agency reported. The government is selling state-run power plants and distribution grids, as well as na
Published 28 Mar, 2011 12:00am
Siemens, Daewoo get Abu Dhabi power plant contract

Siemens, Daewoo get Abu Dhabi power plant contract

Siemens Energy said on Sunday the German company and partner Daewoo Engineering & Construction Co received an order for a power plant in Abu Dhabi. The contract for the Shuweihat 3 combined-cycle plant was awarded by Japan's Sumitomo Corp and Korea Electr
Published 28 Mar, 2011 12:00am
Financial panel to decide Kabul Bank's fate

Financial panel to decide Kabul Bank's fate

An independent Afghan financial commission has been asked to recommend whether to dissolve Kabul Bank, the nation's largest financial institution that nearly collapsed last year after allegations of mismanagement, cronyism and questionable lending, an Afg
Published 28 Mar, 2011 12:00am
UAE urges retailers to keep lid on prices

UAE urges retailers to keep lid on prices

The United Arab Emirates economy minister urged leading retailers to show social responsibility by continuing to reduce prices of essential goods in the OPEC member country, the ministry said on Sunday. The UAE, which has escaped public unrest unlike near
Published 28 Mar, 2011 12:00am
'Foreign firms must treat Zimbabwe as senior partners'

'Foreign firms must treat Zimbabwe as senior partners'

President Robert Mugabe on Sunday told foreign investors to embrace Zimbabwe's equity laws and treat Zimbabweans as "senior partners" if they wanted to operate in his country. "Those whites who want to be with us, those outsiders who want to work with us
Published 28 Mar, 2011 12:00am
'Foreign firms must treat Zimbabwe as senior partners'

'Foreign firms must treat Zimbabwe as senior partners'

President Robert Mugabe on Sunday told foreign investors to embrace Zimbabwe's equity laws and treat Zimbabweans as "senior partners" if they wanted to operate in his country. "Those whites who want to be with us, those outsiders who want to work with us
Published 28 Mar, 2011 12:00am
Emirates repays $500 million bond

Emirates repays $500 million bond

Emirates, one of the Arab world's largest carriers, said on Sunday that it had repaid a $500 million bond that was due this month and it is on course for a "record breaking" financial year. The bond, listed on the Luxembourg Stock Exchange, was originally
Published 28 Mar, 2011 12:00am
Oil shortage fears force Libyans to queue for petrol

Oil shortage fears force Libyans to queue for petrol

Fears of an oil shortage in Tripoli are making people's lives a "nightmare", forcing many to spend the night in their cars at petrol stations in a bid to be first in line to fill up their tank. "I have been waiting in vain for three days to have fuel for
Published 28 Mar, 2011 12:00am
Austria's OMV ends Iran Air fuel contract

Austria's OMV ends Iran Air fuel contract

Oil and gas group OMV said on Sunday it is not supplying Iran's state airline with fuel any more because of international sanctions against the Islamic Republic. "OMV fulfils all current regulations including (those of the) United States. Therefore we do
Published 28 Mar, 2011 12:00am
Spain's savings banks struggle to attract funds

Spain's savings banks struggle to attract funds

Spain's savings banks are struggling to attract private capital ahead of Monday's deadline to present plans to the Bank of Spain detailing how they will boost capital reserves in line with tough new minimum levels.
Published 28 Mar, 2011 12:00am
Britain will stick to cuts despite protest

Britain will stick to cuts despite protest

The British government will press ahead with spending cuts despite an anti-austerity march by more than a quarter of a million people in central London, Business Secretary Vince Cable said on Sunday.
Published 28 Mar, 2011 12:00am
Unions condemn violence at British anti-cuts demonstration

Unions condemn violence at British anti-cuts demonstration

Trade union organisers of a protest against austerity cuts in London on Sunday condemned rioters who went on the rampage after the rally, attacking police and smashing up shops in a night of violence.
Published 28 Mar, 2011 12:00am
Afridi has brought Pakistan team together: Misbah

Afridi has brought Pakistan team together: Misbah

Captain Shahid Afridi has brought aggression and leadership to the Pakistan team at just the right time, senior batsman Misbah-ul-Haq said on Sunday. The 1992 world champions have been unable to play international matches at home since the 2009 armed atta
Published 28 Mar, 2011 12:00am
Ponting to decide future in 'next few days'

Ponting to decide future in 'next few days'

Ricky Ponting said on Sunday he will decide his international future over the next few days, but insisted he still has a lot to offer Australian cricket. The captain's return home after Australia's World Cup quarter-final elimination by India corresponds
Published 28 Mar, 2011 12:00am
Top seeds Nadal, Wozniacki advance

Top seeds Nadal, Wozniacki advance

Top seeds Rafael Nadal and Caroline Wozniacki lived up to expectations as both advanced with ease at the $9 million Miami WTA and ATP Masters tournament on Saturday. Nadal, on the quest for his first trophy since October in Tokyo, overpowered Japan's Kei
Published 28 Mar, 2011 12:00am
Sri Lanka target another win over New Zealand

Sri Lanka target another win over New Zealand

Sri Lanka eye a triple World Cup strike against New Zealand in Tuesday's semi-finals, but skipper Kumar Sangakkara fears that poor fielding may jeopardise his team's hopes of making the final. Sri Lanka defeated the Black Caps by 81 runs in the 2007 semi-
Published 28 Mar, 2011 12:00am
Cricket fever grips Lahore

Cricket fever grips Lahore

Unprecedented cricket fever has gripped Lahore as the nation is praying for success of the team against its arch rival India in the World Cup, 2011 semi-final on Wednesday at Mohali, East Punjab. The Pakistan ecstatic and bursting with joy after victory o
Published 28 Mar, 2011 12:00am
Taufel, Gould to umpire India-Pakistan clash

Taufel, Gould to umpire India-Pakistan clash

Australia's Simon Taufel and Ian Gould of England were on Sunday named as the umpires for Wednesday's highly-charged World Cup semi-final between India Pakistan. Sri Lanka's Ranjan Madugalle will be match referee with New Zealand's Billy Bowden and Austra
Published 28 Mar, 2011 12:00am
Hong Kong banks agree on resolution for Lehman minibonds

Hong Kong banks agree on resolution for Lehman minibonds

Sixteen Hong Kong banks have agreed on a deal to enable investors in structured products of the now bankrupt Lehman Brothers recover a majority of their investments. Investors in Hong Kong lost nearly $2.5 billion on structured products, called 'minibonds
Published 28 Mar, 2011 12:00am
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