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Print - 2011-04-30
EU opens anti-trust probe into stay-awake drug deal

EU opens anti-trust probe into stay-awake drug deal

European antitrust authorities announced Thursday the opening of a formal antitrust probe into US drugs company Cephalon and Israel-based generic drugs firm Teva over stay-awake drug Modafinil.
Published 30 Apr, 2011 12:00am
Cheap dollar fuels one-way bets in everything else

Cheap dollar fuels one-way bets in everything else

Americans' cheap money spigot remains open and the flow is as fast as ever, meaning the world had better brace for even higher oil, metals and food prices and a weaker dollar.
Published 30 Apr, 2011 12:00am
Fearful voters trickle out to northern Nigeria polls

Fearful voters trickle out to northern Nigeria polls

Voters trickled out to polling stations on Thursday in two states in northern Nigeria where rioting killed hundreds last week, under the watchful eye of policemen on horseback and soldiers manning barricades.
Published 30 Apr, 2011 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 30 Apr, 2011 12:00am
Yemen opposition warns bloodshed may derail deal

Yemen opposition warns bloodshed may derail deal

Yemen's opposition warned the government on Thursday that violence against street protesters demanding the removal of President Ali Abdullah Saleh could derail a deal aimed at ending the political stand-off.
Published 30 Apr, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2011 12:00am
China may be Lamborghini's No 1 market this year

China may be Lamborghini's No 1 market this year

China could become the number one market for Italian supercar maker Lamborghini, as the country's luxury market continues to grow apace, its chief executive Stephan Winkelmann told Reuters on Tuesday. "I think it is even going to become the No.1 market al
Published 30 Apr, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2011 12:00am
Police mutiny spreads in troubled Burkina Faso

Police mutiny spreads in troubled Burkina Faso

A wave of popular anger spread in Burkina Faso Thursday as police followed the army in staging a mutiny a week after President Blaise Compaore formed a new government in a bid to quell the unrest. Policemen fired into the air in the capital Ouagadougou on
Published 30 Apr, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2011 12:00am
Syria tried to build nuclear reactor: IAEA chief

Syria tried to build nuclear reactor: IAEA chief

The head of the International Atomic Energy Agency said for the first time that a target destroyed by Israeli warplanes in the Syrian desert in 2007 was the covert site of a future nuclear reactor, countering assertions by Syria that it had no atomic secr
Published 30 Apr, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2011 12:00am
UK coalition to survive polls fallout: minister

UK coalition to survive polls fallout: minister

British Defence Secretary Liam Fox said on Thursday those forecasting the demise of the ruling coalition after local elections next week underestimated its determination to deal with a record budget deficit.
Published 30 Apr, 2011 12:00am
China's population grows older and more urban

China's population grows older and more urban

Half of China's 1.34 billion population live in cities and towns, according to a census on Thursday that pointed to the daunting tasks ahead for policymakers as the labour market shrinks and the nation grows older.
Published 30 Apr, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Apr, 2011 12:00am
SAP confirms 2011 outlook

SAP confirms 2011 outlook

German business software maker SAP posted double-digit growth in first quarter sales and operating profit but missed analysts expectations. While total sales were slightly below analyst estimates, operating profit clearly missed average forecast, which ha
Published 30 Apr, 2011 12:00am
Portugal bailout terms seen ready in days

Portugal bailout terms seen ready in days

A package of conditions for Portugal to meet in return for a bailout from Europe and the IMF should be ready within days, a source said on Thursday as ministers voiced confidence the negotiations were on track.
Published 30 Apr, 2011 12:00am
Embattled Record stands by investment strategy

Embattled Record stands by investment strategy

Currency manager Record Plc is sticking to an investment strategy that has delivered negative returns, sent clients fleeing and hammered its shares while it waits for foreign exchange markets to turn. Record has been pursuing a strategy which aims to make
Published 30 Apr, 2011 12:00am
Zimmer posts stronger first-quarter results

Zimmer posts stronger first-quarter results

Orthopedic device maker Zimmer Holdings Inc reported solid first-quarter results, reflecting a slight pick-up in demand for joint replacements after a long slide. Its shares touched $65.87, its highest point since September 30, 2008, before easing slightl
Published 30 Apr, 2011 12:00am
BorgWarner first quarter profit beats Street estimates

BorgWarner first quarter profit beats Street estimates

BorgWarner Inc reported a higher-than-expected quarterly profit on Thursday, driven by revenue that surpassed Wall Street estimates in a recovering global auto market. The company posted first-quarter earnings of $1 per share, above the analysts' average
Published 30 Apr, 2011 12:00am
Saudi Arabia in tough act to balance sweet-sour crude supply

Saudi Arabia in tough act to balance sweet-sour crude supply

Saudi Arabia and other Opec producers are having to play a difficult balancing act in keeping high oil prices from eroding demand while at the same time protecting the value of their lower-priced, more sulphurous crude. Middle East producers are selling t
Published 30 Apr, 2011 12:00am
Lebanon cuts GDP forecast on political strife

Lebanon cuts GDP forecast on political strife

Political wrangling in Lebanon has harmed the economy which is now expected to grow at 2.5 percent, down from an earlier projection of around 5 percent, the caretaker finance minister said on Thursday.
Published 30 Apr, 2011 12:00am
Azerbaijan oil fund eyes overseas equities, property

Azerbaijan oil fund eyes overseas equities, property

Oil-producing Azerbaijan plans to begin investing in publicly traded shares and real estate abroad in 2011 with cash from its $26 billion rainy-day oil fund, the fund's executive director said on Thursday. The state oil fund holds revenues from oil contra
Published 30 Apr, 2011 12:00am
Ebullient gold shrugs off rising risk appetite

Ebullient gold shrugs off rising risk appetite

Investors should be wary of calling a top to gold's price rally, as the ease with which it has scaled fresh peaks even in the face of recovering risk appetite shows the breadth of underlying support for the metal.
Published 30 Apr, 2011 12:00am
AmEx targets China, India, for growth

AmEx targets China, India, for growth

American Express Co is eyeing China and India as it expands beyond traditional credit card lending, the executive leading that expansion told Reuters. "We're spending a lot of time in India and China thinking about various approaches," Daniel Schulman, he
Published 30 Apr, 2011 12:00am
TSMC first quarter net matches forecast

TSMC first quarter net matches forecast

TSMC, the world's biggest contract chip maker, posted a second consecutive fall in quarterly profit on Thursday, matching forecasts, in part due to a decline in demand for notebook PCs. The company said in a statement that it saw no impact from Japan's ea
Published 30 Apr, 2011 12:00am
Emirates to spend $10 billion a year to expand fleet

Emirates to spend $10 billion a year to expand fleet

Emirates, the Arab world's largest airline, will spend about $10 billion a year to fund its fleet expansion over three years but is not under pressure to tap the bond market, a senior official said.
Published 30 Apr, 2011 12:00am
Australia miner cranks up Zambia nickel mine after fall

Australia miner cranks up Zambia nickel mine after fall

Australia's Albidon Ltd expects its reactivated Munali nickel mine in Zambia to produce 50,000 tonnes of nickel in concentrate this year, which will be sold at prevailing spot prices to Chinese metals refiner Jinchuan Group.
Published 30 Apr, 2011 12:00am
Bunge profit tops estimates on strong demand

Bunge profit tops estimates on strong demand

Agricultural processor Bunge Ltd posted higher-than-expected quarterly earnings on Thursday, citing strong global demand for grains and oilseeds.
Published 30 Apr, 2011 12:00am
Helmerich second quarter profit misses

Helmerich second quarter profit misses

Helmerich & Payne Inc's quarterly profit missed market estimates, but the onshore oil and gas driller inked contracts to build more of its highly mobile rigs that are in demand as the industry shifts toward more oil- and liquids-rich prospects.
Published 30 Apr, 2011 12:00am
Helmerich second quarter profit misses

Helmerich second quarter profit misses

Helmerich & Payne Inc's quarterly profit missed market estimates, but the onshore oil and gas driller inked contracts to build more of its highly mobile rigs that are in demand as the industry shifts toward more oil- and liquids-rich prospects.
Published 30 Apr, 2011 12:00am
Franklin Resources profit rises with assets

Franklin Resources profit rises with assets

Franklin Resources Inc's quarterly profit beat expectations, helped by a rallying stock market and an inflow of cash from investors, the California asset manager said on Thursday.
Published 30 Apr, 2011 12:00am
Dubai Holding's main unit swings to 2010 profit

Dubai Holding's main unit swings to 2010 profit

Dubai Holding's main unit returned to profit in 2010 after a massive loss in the previous year on lower impairments and property sales, in the latest sign of a fledging rebound for the debt-ridden Gulf Arab emirate. Dubai Holding Commercial Operations Gro
Published 30 Apr, 2011 12:00am
Imperial profit climbs on higher output

Imperial profit climbs on higher output

Imperial Oil Ltd's first-quarter profit rose 64 percent on higher oil sands production and rich refining margins, Canada's second-largest oil producer and refiner said on Thursday. Imperial, the Canadian affiliate of Exxon Mobil Corp, earned C$781 million
Published 30 Apr, 2011 12:00am
Imperial profit climbs on higher output

Imperial profit climbs on higher output

Imperial Oil Ltd's first-quarter profit rose 64 percent on higher oil sands production and rich refining margins, Canada's second-largest oil producer and refiner said on Thursday. Imperial, the Canadian affiliate of Exxon Mobil Corp, earned C$781 million
Published 30 Apr, 2011 12:00am
Maple Leaf Foods profit beats estimates

Maple Leaf Foods profit beats estimates

Maple Leaf Foods Inc posted a higher-than-expected quarterly profit on Thursday as the Canadian food processor passed on rising raw material costs to its customers. The company, which sells products such as meat and bread under various brands from Schneid
Published 30 Apr, 2011 12:00am
Sevan Drilling IPO comes at parent's expense

Sevan Drilling IPO comes at parent's expense

Norway's Sevan Marine finalised the initial public offering of its oil drilling unit at 8 crowns ($1.52) a share, less than half the price it had hoped for and at the expense of raising money for itself. Debt-laden Sevan Marine set the IPO price on Thursd
Published 30 Apr, 2011 12:00am
Italians keep drinking coffee despite price rises

Italians keep drinking coffee despite price rises

Italians keep drinking coffee, despite rising prices, and this year they are consuming as much or even slightly more than in 2010 although they have more at home to save money, a senior industry official said. Italy is one of Europe's major coffee markets
Published 30 Apr, 2011 12:00am
Japan Post Insurance to invest less in JGBs

Japan Post Insurance to invest less in JGBs

Japan Post Insurance plans to trim its investment in Japanese government bonds in the current financial year as it seeks higher returns by buying more corporate and regional bonds, a senior company official said on Friday. State-owned Japan Post's insuran
Published 30 Apr, 2011 12:00am
G8, G20 to prepare ground for UN nuclear talks

G8, G20 to prepare ground for UN nuclear talks

The G8 and G20 will meet in Paris in June to prepare for a conference of the UN's nuclear agency sparked by the Fukushima disaster, the Organisation for Economic Co-operation and Development (OECD) said Thursday. "The G8 and G20 have decided that they wou
Published 30 Apr, 2011 12:00am
New technology may clean oil and gas fracking fluids

New technology may clean oil and gas fracking fluids

A new technique to clean waste water used in oil and natural gas production could reduce the environmental impact of controversial drilling practices, a study funded by the Department of Energy showed on Thursday. The nascent technology, which uses swelli
Published 30 Apr, 2011 12:00am
Risky weather crucial after German nuclear move

Risky weather crucial after German nuclear move

Germany will be more reliant on the fickle weather for electricity in May and the fourth quarter as reduced nuclear supply cuts capacity and renewable energy may struggle to fill the gap. Analysts said they see upwards pressure on power prices as a result
Published 30 Apr, 2011 12:00am
Panasonic reports loss, plans to cut 17,000 jobs

Panasonic reports loss, plans to cut 17,000 jobs

Panasonic Corp, Japan's biggest home appliance maker, is cutting about 17,000 jobs world-wide over two years as its losses swell from restructuring costs and damage from the March 11 disasters. President Fumio Ohtsubo said the company will streamline oper
Published 30 Apr, 2011 12:00am
Oshkosh lowers defence sales outlook; shares drop

Oshkosh lowers defence sales outlook; shares drop

Oshkosh Corp reported lower quarterly results and cut its defence segment outlook on Thursday, sending the specialty truckmaker's shares down nearly 9 percent. US defence spending pressures, as well as strained municipal budgets that cut demand for other
Published 30 Apr, 2011 12:00am
Medco first-quarter profit tops Street view

Medco first-quarter profit tops Street view

Pharmacy benefit manager Medco Health Solutions Inc posted a higher-than-expected quarterly profit, helped by a greater percentage of more profitable generic drugs dispensed even with no new important generics hitting the market during the period.
Published 30 Apr, 2011 12:00am
Ugandan opposition leader detained for fourth time

Ugandan opposition leader detained for fourth time

Ugandan opposition leader Kizza Besigye was dragged from his car at gunpoint by police on Thursday and thrown into a pickup truck during a fifth round of protests against high food and fuel prices. Besigye later appeared in court, slumped forward in his c
Published 30 Apr, 2011 12:00am
Former Costa Rican president sentenced to 5 years for graft

Former Costa Rican president sentenced to 5 years for graft

A former Costa Rican president who briefly served as chief of the Organisation of American States was convicted of corruption charges Wednesday and sentenced to five years in prison. Capping a yearlong trial, a judge found Miguel Angel Rodriguez guilty of
Published 30 Apr, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (April 29, 2011).

Published 30 Apr, 2011 12:00am
Bahrain sentences 4 to die over police killing

Bahrain sentences 4 to die over police killing

A Bahraini military court ordered the death penalty for four men on Thursday over the killing of two policemen in recent protests, state media said, a move that could increase sectarian strife in a close US ally. The ruling came amid heightened antagonism
Published 30 Apr, 2011 12:00am
Egypt sending team to help realise Palestinian deal

Egypt sending team to help realise Palestinian deal

Egypt will send a security team to the Gaza Strip to help implement a reconciliation agreement reached by rival Palestinian groups Fatah and Hamas, an Egyptian security source told Reuters on Thursday. Restructuring and unifying security forces in Hamas-r
Published 30 Apr, 2011 12:00am
Thomson Reuters first quarter revenue up, plans asset sales

Thomson Reuters first quarter revenue up, plans asset sales

News and information provider Thomson Reuters Corp's revenue growth ticked up in the first quarter as it reaped the benefits of heavy spending on new products, and the company said it plans to sell two more businesses to fund further investment.
Published 30 Apr, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 29, 2011).

Published 30 Apr, 2011 12:00am
Thomson Reuters first quarter revenue up, plans asset sales

Thomson Reuters first quarter revenue up, plans asset sales

News and information provider Thomson Reuters Corp's revenue growth ticked up in the first quarter as it reaped the benefits of heavy spending on new products, and the company said it plans to sell two more businesses to fund further investment.
Published 30 Apr, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (April 29, 2011).
Published 30 Apr, 2011 12:00am
Libya crisis hits OMV's first-quarter output

Libya crisis hits OMV's first-quarter output

Austrian oil and gas giant OMV said Thursday that its oil and gas production was down in the first quarter as a result of the current situation in Libya. OMV said in a statement that oil and gas output stood at a daily average of 304,000 barrels in the pe
Published 30 Apr, 2011 12:00am
Chile industry surges, more rate hikes ahead

Chile industry surges, more rate hikes ahead

Chile's industrial output surged in March and the central bank signalled it had room to carry on raising interest rates to keep ahead of inflation. Chile's industrial production expanded a seasonally adjusted 2.4 percent in March compared with February, t
Published 30 Apr, 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 Friday (April 29, 2011).

Published 30 Apr, 2011 12:00am
Qatar Telecom Q1 net profit down 36 percent

Qatar Telecom Q1 net profit down 36 percent

Qatar Telecom said on Thursday its first-quarter net profit fell 36.5 percent, but the results beat analysts' expectations. The company reported a first-quarter profit of 762 million Qatari riyals ($209.5 million), down from 1.2 billion riyals in the year
Published 30 Apr, 2011 12:00am
ICBC posts 29 prise in first quarter profit

ICBC posts 29 prise in first quarter profit

Industrial and Commercial Bank of China, the world's largest bank by market value, said on Thursday its first-quarter net profit rose 29.5 percent on expanded margins following two interest rate hikes in the quarter. ICBC recorded a 53.79 billion yuan ($8
Published 30 Apr, 2011 12:00am