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Oct 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-05-27
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am
Google takes wraps off pay-by-phone system

Google takes wraps off pay-by-phone system

US shoppers soon will be able to use mobile phones to pay for things they buy at the checkout counter under a system unveiled by Google Inc and a group of banks and other companies on Thursday. Google, MasterCard, Citigroup, transaction processing company
Published 27 May, 2011 12:00am
Google takes wraps off pay-by-phone system

Google takes wraps off pay-by-phone system

US shoppers soon will be able to use mobile phones to pay for things they buy at the checkout counter under a system unveiled by Google Inc and a group of banks and other companies on Thursday. Google, MasterCard, Citigroup, transaction processing company
Published 27 May, 2011 12:00am
Google takes wraps off pay-by-phone system

Google takes wraps off pay-by-phone system

US shoppers soon will be able to use mobile phones to pay for things they buy at the checkout counter under a system unveiled by Google Inc and a group of banks and other companies on Thursday. Google, MasterCard, Citigroup, transaction processing company
Published 27 May, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 26, 2011).
Published 27 May, 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 Thursday (May 26, 2011).

Published 27 May, 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 Thursday (May 26, 2011).

Published 27 May, 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 Thursday (May 26, 2011).

Published 27 May, 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 Thursday (May 26, 2011).

Published 27 May, 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 27 May, 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 27 May, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 27 May, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 27 May, 2011 12:00am
US Plains HRW wheat bids holds steady

US Plains HRW wheat bids holds steady

Hard red winter wheat basis bids held steady around the US Plains on Thursday in quiet market activity, dealers said. Dealers noted no new sales and a lack of grain movement early on Thursday. Recent moisture will aide growth of the planted crop in areas
Published 27 May, 2011 12:00am
China's gold import could exceed 400 tonnes in 2011

China's gold import could exceed 400 tonnes in 2011

Chinese demand for gold bars and coins as private investments could push bullion imports above 400 tonnes in 2011, leading global consultancy GFMS said on Friday. Increased appetite for silver investment products too, combined with a forecast 16 percent a
Published 27 May, 2011 12:00am
Grain market closed

Grain market closed

Karachi wholesale grain and seed markets were closed on Thursday on account of death anniversary of Hazrat Abu Bakar Siddique (R.A.), grain and seed merchants group's press release said. Trading activity will resume on Saturday.
Published 27 May, 2011 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures were higher on Wednesday on continued wet and cold weather that was stalling canola planting and threatening emerged crops in some areas, traders said. Chicago Board of Trade soybean futures were called 4 to 6 US cents per bush
Published 27 May, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 95,747 tonnes of cargo including 43,674 tonnes of import cargo, 52,073 tonnes of export cargo and 5,234 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 43,674 tonnes compri
Published 27 May, 2011 12:00am
Prices remain firm in low transaction on cotton market

Prices remain firm in low transaction on cotton market

Firmness prevailed on the cotton market on Thursday as the ginners did not lower the asking prices of fine quality, brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,500, they said. In Sindh and Punjab phutty pric
Published 27 May, 2011 12:00am
Cotton market acquires stability

Cotton market acquires stability

Severe droughts in China and Texas in the USA are forcing cotton prices higher. The lack of viability in spinning sector and thus the resulting closure of yarn manufacturing activity to some extent following record high cotton prices over the past six mon
Published 27 May, 2011 12:00am
Cotton market acquires stability

Cotton market acquires stability

Severe droughts in China and Texas in the USA are forcing cotton prices higher. The lack of viability in spinning sector and thus the resulting closure of yarn manufacturing activity to some extent following record high cotton prices over the past six mon
Published 27 May, 2011 12:00am
China warns banks against 'disguised' deposit rate rises

China warns banks against 'disguised' deposit rate rises

Chinese banks have effectively raised deposit rates by rolling out wealth management products with attractive returns, a senior central bank official said in remarks published on Thursday. "Some financial institutions have sharply raised the yields on wea
Published 27 May, 2011 12:00am
Man Group assets up after bumper Japan fund launch

Man Group assets up after bumper Japan fund launch

Man Group reported a jump in assets and better-than-expected profits, as a big fundraising in Japan helped the world's largest listed hedge fund firm accelerate its belated recovery from the credit crisis. The firm - which now runs $71 billion in client a
Published 27 May, 2011 12:00am
Man Group assets up after bumper Japan fund launch

Man Group assets up after bumper Japan fund launch

Man Group reported a jump in assets and better-than-expected profits, as a big fundraising in Japan helped the world's largest listed hedge fund firm accelerate its belated recovery from the credit crisis. The firm - which now runs $71 billion in client a
Published 27 May, 2011 12:00am
Moody's downgrades Bahrain credit rating on unrest fears

Moody's downgrades Bahrain credit rating on unrest fears

Moody's Investors Service downgraded Bahrain's government bond ratings by one notch to Baa1 from A3 on Thursday and assigned a negative outlook on concerns over the fallout from the crushing of Shiite-led protests earlier this year. "The main driver under
Published 27 May, 2011 12:00am
Moody's downgrades Bahrain credit rating on unrest fears

Moody's downgrades Bahrain credit rating on unrest fears

Moody's Investors Service downgraded Bahrain's government bond ratings by one notch to Baa1 from A3 on Thursday and assigned a negative outlook on concerns over the fallout from the crushing of Shiite-led protests earlier this year. "The main driver under
Published 27 May, 2011 12:00am
Tata Motors reports booming profit

Tata Motors reports booming profit

India's top vehicle maker Tata Motors on Thursday reported a nearly fourfold increase in annual profit, boosted by booming sales and strong demand for British brands Jaguar and Land Rover. Net profit was 92.7 billion rupees ($2.04 billion) for the year to
Published 27 May, 2011 12:00am
Tata Motors reports booming profit

Tata Motors reports booming profit

India's top vehicle maker Tata Motors on Thursday reported a nearly fourfold increase in annual profit, boosted by booming sales and strong demand for British brands Jaguar and Land Rover. Net profit was 92.7 billion rupees ($2.04 billion) for the year to
Published 27 May, 2011 12:00am
Japan's Ricoh to axe 10,000 jobs

Japan's Ricoh to axe 10,000 jobs

Copier and printer maker Ricoh Co will cut nearly 10 percent of its staff to try to boost profits, a move that shows underperforming Japanese companies are stepping up efforts to compete with global rivals. Ricoh said on Thursday the restructuring include
Published 27 May, 2011 12:00am
Global high-yield issuance reaches monthly record

Global high-yield issuance reaches monthly record

Global high-yield issuance has reached an all-time monthly high of $47.226 billion in May, topping the previous record of $46.813 billion set in March of this year, according to Thomson Reuters data. The new record was set in 85 deals and includes dollar
Published 27 May, 2011 12:00am
Global high-yield issuance reaches monthly record

Global high-yield issuance reaches monthly record

Global high-yield issuance has reached an all-time monthly high of $47.226 billion in May, topping the previous record of $46.813 billion set in March of this year, according to Thomson Reuters data. The new record was set in 85 deals and includes dollar
Published 27 May, 2011 12:00am
Deutsche Bank investors, protestors seek answers

Deutsche Bank investors, protestors seek answers

Chief Executive Josef Ackermann struggled to make himself heard as protestors outside and shareholders inside vented their anger over Deutsche Bank's leadership vacuum, legal issues and business practices. Shareholders of the flagship lender, gathered in
Published 27 May, 2011 12:00am
Iraq inks $7.25 billion housing deal with South Korean firm

Iraq inks $7.25 billion housing deal with South Korean firm

Iraq signed a $7.25 billion deal with a South Korean firm to build a completely new neighbourhood east of Baghdad, officials said on Thursday, in a bid to alleviate a worsening housing shortage. Construction company Hanwha Engineering and Construction wil
Published 27 May, 2011 12:00am
White House takes steps to cut business red tape

White House takes steps to cut business red tape

The White House on Thursday announce steps to cut federal red tape it said would save billions of dollars over time, seeking to placate businesses complaining about what they see as an undue regulatory burden. The reforms, which scrutinised everything the
Published 27 May, 2011 12:00am
StanChart may exit from South Korea

StanChart may exit from South Korea

A wave of consolidation sweeping South Korea's banking industry is fuelling speculation that Standard Chartered may want to take the opportunity to exit Asia's fourth-largest economy and recoup its record $3.3 billion investment.
Published 27 May, 2011 12:00am
IMF ready to lend $35 billion to needy Arab countries

IMF ready to lend $35 billion to needy Arab countries

The International Monetary Fund on Thursday said it was prepared to lend about $35 billion to oil importing countries in the Middle East and North Africa region. But that was a small part of the more than $300 billion the region could require over the nex
Published 27 May, 2011 12:00am
IMF threat to withhold Greek aid spooks markets

IMF threat to withhold Greek aid spooks markets

The International Monetary Fund may withhold the next slice of aid to Greece due next month, the head of eurozone finance ministers said on Thursday, spooking markets with the possibility of default. European stocks fell and safe haven bond futures rose a
Published 27 May, 2011 12:00am
ECB 'carefully monitoring' price pressures: Trichet

ECB 'carefully monitoring' price pressures: Trichet

The European Central Bank must avoid commodity price rises feeding through into longer-term inflation expectations and is "carefully monitoring" the situation, ECB President Jean-Claude Trichet said on Thursday. Upside risks to the medium-term outlook for
Published 27 May, 2011 12:00am
Unrest chills investment in Syria; economy falters

Unrest chills investment in Syria; economy falters

Political unrest has stymied three major Gulf investment projects in Syria and harmed efforts to attract capital needed to boost the economy after decades of Soviet-style controls, business figures say. Two months of street protests against the autocratic
Published 27 May, 2011 12:00am
Judge voids controversial Wisconsin union law

Judge voids controversial Wisconsin union law

A Wisconsin judge on Thursday voided a controversial Republican-backed law restricting the collective bargaining rights of public-sector unions. Dane County Judge Maryann Sumi said Republican lawmakers violated the state's open meetings law in rushing the
Published 27 May, 2011 12:00am
Consumers hold back US growth, rebound seen muted

Consumers hold back US growth, rebound seen muted

Unexpectedly weak consumer spending hobbled the US economy in the first quarter and fresh signs of a slowdown in job creation mean it will struggle to regain speed. Data on Thursday showed the economy grew at an annual 1.8 percent rate in the first three
Published 27 May, 2011 12:00am
Seoul shares higher

Seoul shares higher

Seoul shares finished higher on Thursday after substantial falls in the previous session, helped by renewed foreign investor buying after a 10-session selling streak, with firm gains in automakers and refiners lending further support. The Korea Composite
Published 27 May, 2011 12:00am
LSE faces TMX tussle as Maple goes hostile

LSE faces TMX tussle as Maple goes hostile

The London Stock Exchange faced an increasingly bitter battle for control of Canadian peer TMX Group - and its own destiny - after rival bidder Maple Group took its higher offer directly to shareholders. The Maple Group of Canadian banks and pension funds
Published 27 May, 2011 12:00am
Nikkei average jumps

Nikkei average jumps

The Nikkei share average climbed 1.5 percent on Thursday from a two-month closing low hit the previous day, boosted by short-covering in battered shares such as Komatsu as well as the launch of two investment trusts this week. Copier and printer maker Ric
Published 27 May, 2011 12:00am
Thursday's midday trade: Wall Street bounces back for a second day

Thursday's midday trade: Wall Street bounces back for a second day

US stocks rose for a second day, erasing early losses in a volatile day on Thursday as earnings helped technology and consumer discretionary stocks after a substantial fall for equities this month. The Nasdaq posted the biggest gains after strong earnings
Published 27 May, 2011 12:00am
Wall Street ends three-day losing streak

Wall Street ends three-day losing streak

US stocks ended a three-day losing streak on Wednesday as recent underperformers led a thinly traded rally that wasn't seen as strong enough to overcome worries about waning global demand. The S&P 500 hit its lowest intraday level since April 19 on Tuesda
Published 27 May, 2011 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.7 percent in their biggest percentage gains in three weeks on Thursday, with travel sector issues such as Regent Taipei leading the way on hopes for rising numbers of China tourists. Smartphone maker HTC was the most active issue by t
Published 27 May, 2011 12:00am
Treasuries dip

Treasuries dip

Longer-dated US Treasury debt prices dipped on Wednesday as strength in stocks eroded some of the safe-haven appeal of government debt, although yields remain very near six month lows. Shorter- to medium-dated notes found some support on Wednesday as robu
Published 27 May, 2011 12:00am
Treasuries dip

Treasuries dip

Longer-dated US Treasury debt prices dipped on Wednesday as strength in stocks eroded some of the safe-haven appeal of government debt, although yields remain very near six month lows. Shorter- to medium-dated notes found some support on Wednesday as robu
Published 27 May, 2011 12:00am
Southeast Asian markets climb

Southeast Asian markets climb

Southeast Asian stock markets climbed higher on Thursday as a recovery in commodity markets lured buyers back to resource-related stocks and bargain-hunters picked up blue chips. Trading volume remained weak, however, suggesting a lack of conviction. Mark
Published 27 May, 2011 12:00am
Hong Kong shares up, China slips

Hong Kong shares up, China slips

Hong Kong shares staged a mild rebound on Thursday, as financials continue to draw in investors, while China stocks finished lower, weighed by small-caps which are seen as more vulnerable to policy tightening. Higher oil prices pushed up Hong Kong's energ
Published 27 May, 2011 12:00am
Australian shares up

Australian shares up

Australian shares rose 1.7 percent on Thursday for their biggest one-day percentage gain since December 2, recovering after four days of falls as short-covering sent miners sharply higher and helped banks recoup losses. Heavyweight miners BHP Billiton and
Published 27 May, 2011 12:00am
European shares fall

European shares fall

European shares fell on Thursday after data showed sluggish growth in the US economy in the first quarter and on doubts as to whether the International Monetary Fund would release its next tranche of aid to Greece. However, analysts said there was still m
Published 27 May, 2011 12:00am
FTSE rises

FTSE rises

Strength in heavyweight mining stocks helped Britain's top share index edge higher on Thursday, countering slippage by banks on eurozone debt concerns. At the close, the FTSE 100 was up 10.9 points, or 0.2 percent at 5,880.99, well below a morning spike a
Published 27 May, 2011 12:00am
Yuan hits record high

Yuan hits record high

The yuan hit a record against the dollar on Thursday as the People's Bank of China set the mid-point at a new peak after the dollar index's pullback, which could give the central bank a chance to raise the yuan further. Spot yuan finished off the day's hi
Published 27 May, 2011 12:00am
Sterling bumps higher

Sterling bumps higher

Sterling hit a 2 1/2-month high against the euro on Thursday as investors dumped the single currency on growing speculation that Europe may be expected to offer more debt aid to Greece. Demand from real money and Asian investors boosted the pound while Gr
Published 27 May, 2011 12:00am
Euro advances in Asia

Euro advances in Asia

The euro advanced to a one-week high against the dollar on Thursday as strong commodity prices and a report that China is interested in buying "bailout bonds" for Portugal spurred active stop-loss buying of the single currency.
Published 27 May, 2011 12:00am
Euro gains versus dollar in London

Euro gains versus dollar in London

The euro struck a one-week high against the dollar on Thursday, helped by a a report that China is interested in buying EU bailout bonds for Portugal, though concerns over eurozone debt were expected to limit gains. Traders said the euro's failure to brea
Published 27 May, 2011 12:00am
Early trade in New York: Swiss franc rises to record high

Early trade in New York: Swiss franc rises to record high

The euro fell to a record low against the Swiss franc on Thursday as earlier comments from Eurogroup President Jean-Claude Juncker raised doubts about whether the IMF would release the next aid tranche for Greece. It was the latest in a series of record l
Published 27 May, 2011 12:00am
Euro at record low versus Swiss franc in New York

Euro at record low versus Swiss franc in New York

The euro hit a record low against the Swiss franc on Wednesday as investors fretted about Greece's ability to repay its debts, and traders said it was likely to fall further against the US dollar this week. Investors fear Athens, which is digging its way
Published 27 May, 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 Thursday. 73.35/73.44 (previous 73.25/73.39). Call Money Rates: 6.50-12.00 percent (previous 6.00-12.00 percent).
Published 27 May, 2011 12:00am
Aussie, New Zealand dollars rally

Aussie, New Zealand dollars rally

The Aussie and New Zealand dollars leapt against the greenback on Thursday, underpinned by a commodity rally and a very strong outlook for Australian business investment, keeping upward pressure on interest rates. The Australian dollar gained three quarte
Published 27 May, 2011 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee ended off highs on Thursday after trading in a narrow band as strong month-end dollar demand from importers offset positive local shares and the euro's gains against the dollar. The partially convertible rupee ended at 45.30/31 per dollar
Published 27 May, 2011 12:00am
Won, ringgit see best day in 11 months

Won, ringgit see best day in 11 months

The South Korean won and the Malaysian ringgit posted their best gains in 11 months on Thursday, leading other emerging Asian currencies higher, as investors returned to riskier assets and the euro rebounded above a key pivot level.
Published 27 May, 2011 12:00am
Euribor rates broadly steady

Euribor rates broadly steady

Concerns over an impasse on the Greek crisis have prompted investors to pare back expectations in money markets for monetary tightening, but worries over inflation mean they will continue to price in rate hikes. Euribor interest rate futures were broadly
Published 27 May, 2011 12:00am
Swiss franc falls versus euro

Swiss franc falls versus euro

The Swiss franc slipped against the euro on Thursday after hitting an all-time high in the previous session, as a report China might be interested in buying Portuguese "bailout bonds" boosted the single currency. The franc surged to a new record high of 1
Published 27 May, 2011 12:00am
Bin Hammam vows to beat FIFA graft probe

Bin Hammam vows to beat FIFA graft probe

Asian football chief Mohamed bin Hammam vowed to clear his name Thursday after sensational corruption charges he has dismissed as a ploy by Sepp Blatter, his opponent in FIFA presidential polls. The Qatari defiantly refused to withdraw from next week's vo
Published 27 May, 2011 12:00am
Wins for Murray, Soderling

Wins for Murray, Soderling

Andy Murray and Robin Soderling remained on course to challenge French Open defending champion Rafael Nadal with both scoring straight set wins in second round action on Thursday. Soderling, who could meet Nadal in the quarter-finals, defeated Albert Ramo
Published 27 May, 2011 12:00am
Clijsters, Sania out; Sharapova escapes teen scare

Clijsters, Sania out; Sharapova escapes teen scare

Kim Clijsters crashed out of Roland Garros on Thursday, her worst Grand Slam result in nine years, as Maria Sharapova escaped humiliation at the hands of a fearless 17-year-old French girl. Second seed Clijsters let slip a set and a 5-2 lead, and squander
Published 27 May, 2011 12:00am
Ponting, Hauritz and Smith make injury progress

Ponting, Hauritz and Smith make injury progress

Spinners Nathan Hauritz and Steve Smith are making good progress following surgery ahead of Australia's Test tour of Sri Lanka in August-September, team physio Alex Kountouris said on Thursday. Off-spinner Hauritz missed the World Cup earlier this year wi
Published 27 May, 2011 12:00am
Sri Lanka hold firm against England

Sri Lanka hold firm against England

Sri Lanka made a steady start to be 35 without loss against England at tea on a rain-marred opening day of the first Test at Sophia Gardens here on Thursday. Left-hander Tharanga Paranavitana was 16 not out and Sri Lanka captain Tillakaratne Dilshan 18 no
Published 27 May, 2011 12:00am
GCU honours 76 sportsmen

GCU honours 76 sportsmen

The GC University Lahore honoured its 76 best sportsmen with shields, cash prizes and titles like 'Iron Man', 'Mr Super Fit', 'Man of Mountains', 'Mr Muscular', 'Cheeta' and 'The Wall' for their outstanding performances in national and international compe
Published 27 May, 2011 12:00am
Fulham given Europa League berth

Fulham given Europa League berth

Fulham will play in the Europa League next season after being awarded a place on Thursday under the Premier League's Fair Play League. England received an additional Europa League place for next season after finishing second in UEFA's national fair-play t
Published 27 May, 2011 12:00am
Bosnia adopts new statute to end FIFA ban

Bosnia adopts new statute to end FIFA ban

The Bosnian football federation (NSBIH) on Thursday adopted a new statute, a move expected to end FIFA and UEFA's suspension of the country from international competition. "The federation's general assembly unanimously, with 55 votes, backed the new statu
Published 27 May, 2011 12:00am
Pakistan rugby gets New Zealand coach

Pakistan rugby gets New Zealand coach

Pakistan rugby got a big boost in its preparation for the upcoming HSBC Asian 5 Nations Division III with the addition of an IRB qualified coach Mike Pirrit from New Zealand. This was stated by President, PRU, Fawzi Khawaja at a news conference here on Th
Published 27 May, 2011 12:00am
No home comforts is major challenge: Waqar

No home comforts is major challenge: Waqar

Pakistan coach Waqar Younis says the lack of home internationals is a major hurdle to his young team's hopes of climbing up the international cricket rankings. Pakistan's second-Test victory over West Indies on Tuesday secured a drawn series and ensured i
Published 27 May, 2011 12:00am
Libya war to cost $750 million for US

Libya war to cost $750 million for US

The Nato-led air war in Libya will cost the United States an estimated $750 million by the end of September, the Pentagon said Thursday. The estimate clarified an earlier statement this month by US Defence Secretary Robert Gates, who had cited the same fi
Published 27 May, 2011 12:00am
Banks withhold billions of funds

Banks withhold billions of funds

A British lobbying group has released a leaked document showing that several major investment banks, including HSBC, Goldman Sachs, Societe Generale and Nomura, held billions of dollars of Libyan state funds. The internal report for the Libyan Investment
Published 27 May, 2011 12:00am
Qadhafi forces bombard Misrata

Qadhafi forces bombard Misrata

Forces loyal to Libyan leader Muammar Qadhafi bombarded the rebel-held city of Misrata with mortars on Thursday, and a new cease-fire offer from Qadhafi's government was met with scepticism. The bombardment of Misrata was the heaviest for days and came as
Published 27 May, 2011 12:00am
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