Foreign bond investors in Japan's Takefuji Corp filed a motion with a local court on Friday to liquidate the consumer lender, seeking a better recovery from their investment and challenging a court-led rehabilitation plan, two people familiar with the mat
Goldman Sachs, J.P. Morgan, UBS and Credit Suisse will lead manage what is expected to be Spain's biggest ever stock market debut, the IPO of state lottery Loterias, media reported on Saturday. Citing market sources, the business daily Expansion said the
US Treasury debt prices slipped on Friday after manufacturing growth topped forecasts, offering some evidence that the economy might not be destined for an extended slowdown. The manufacturing data fuelled big stock market gains, with major indexes all cl
US Treasury debt prices slipped on Friday after manufacturing growth topped forecasts, offering some evidence that the economy might not be destined for an extended slowdown. The manufacturing data fuelled big stock market gains, with major indexes all cl
Japanese government bonds were mostly lower on Friday as players continued to shift positions to riskier assets from safe-haven debt on positive US economic data and relief that Greece will avert imminent default. JGB futures and 10-year cash bonds led de
Japanese government bonds were mostly lower on Friday as players continued to shift positions to riskier assets from safe-haven debt on positive US economic data and relief that Greece will avert imminent default. JGB futures and 10-year cash bonds led de
Turkish assets traded mixed on Friday with the lira gaining on hopes that after unexpectedly strong growth in the first quarter the Turkish Central Bank will have to start hiking interest rates in the coming period. Bonds and stocks traded flat in thin tr
Perenco Petroleo e Gas, the Brazilian subsidiary of Anglo-French oil producer Perenco, asked regulators on Friday to suspend plans to sell shares in the domestic equity market for up to 60 days, according to a securities filing. The company, which explore
European shares hit a one-month high on Friday to record their best week in 10 months after US manufacturing sector growth showed a pick-up in June, raising hopes that the recovery in the world's largest economy remained on track. The macroeconomic number
Zynga Inc, developer of popular Facebook games such as FarmVille and Mafia Wars, could be the best proxy for investing in Facebook until the world's largest social network goes public itself. Zynga filed with regulators on Friday for an initial public off
Latin American stocks rose on Friday as gains in US manufacturing outweighed worries of a slowdown in Chinese factories, with equities following US stocks to their biggest weekly gain in nearly a year. The MSCI Latin American index rose 1.47 percent, to c
Sri Lankan stocks recovered from its near seven-month low in thin trade on Friday as forced selling eased as first-half settlements on credit transaction were accomplished, but low liquidity weighed. Sri Lanka's main share index edged up 0.27 percent or 1
Indian federal bond yields ended higher for the fifth straight session on Friday on market fatigue due to a continuous flow of bond sales and also as risk aversion took a backseat globally, with immediate concerns on Greek debt default receding. The 10-ye
Indian federal bond yields ended higher for the fifth straight session on Friday on market fatigue due to a continuous flow of bond sales and also as risk aversion took a backseat globally, with immediate concerns on Greek debt default receding. The 10-ye
European investors raised equities and cut cash for the first time this year while keeping their bond holdings largely steady, as those who bet the global economy would gradually pick up after the current soft patch bought risky assets. A survey of 17 Eur
European investors raised equities and cut cash for the first time this year while keeping their bond holdings largely steady, as those who bet the global economy would gradually pick up after the current soft patch bought risky assets. A survey of 17 Eur
Indonesia sees higher unmilled rice output in 2011 and a bigger surplus of the staple food as it expands production areas, government officials said on Friday. Despite the improving outlook, analysts still see Southeast Asia's largest economy entering the
The Karachi Port handled 110,152 tonnes of cargo including 83,004 tonnes of import cargo, 27,148 tonnes of export cargo and 4,631 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 83,004 tonnes compr
Corn export premiums at the US Gulf Coast rose on Friday, supported by strong export demand highlighted by the second large sale to China in three months, traders said. China bought as much as 1.6 million tonnes of old- and new-crop US corn this week to r
Russian grain sales will get off to a slow start from Friday, when it returned to the global market as a grain exporter after an absence of nearly a year, as buyers appeared in no hurry to snap up supplies. The appetite for Russian wheat will eventually r
The Industrial Development Bank of Pakistan (IDBP) has announced the following rates of profit on different categories of PLS deposits for the half-year ended 30th June 2011:
The Industrial Development Bank of Pakistan (IDBP) has announced the following rates of profit on different categories of PLS deposits for the half-year ended 30th June 2011:
The official spot rate continued to be reduced for the second consecutive day due to easy supply amid falling demand, dealers said. The Karachi Cotton Association (KCA) official spot rate was brought down further by Rs 400 to Rs 8,000, they said. Thus, th
Rising trend was witnessed on the forward cottonseed oilcake market on Saturday while the December vaida was unchanged in process of trading, dealers said. The July contract That had closed at 1425.90 opened with 40 paisa gain at Rs 1426.30. The December
Grams and rice prices were sharply higher on the wholesale market on Saturday as buyers showed interest in the fresh purchasing ahead of Ramazan, dealers said. On the grams side, gram Australia was up by Rs 100 to Rs 4800-5000, gram dal Australia followed
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
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
The rupee moved both ways against dollar on the currency market on Saturday in process of trading, money experts said. The rupee gained five paisa against dollar, for buying at 85.90 and rose by three paisa for selling at 85.95, they said.
The rupee moved both ways against dollar on the currency market on Saturday in process of trading, money experts said. The rupee gained five paisa against dollar, for buying at 85.90 and rose by three paisa for selling at 85.95, they said.
Provincial government has released inquiry tribunal on Kharotabad incident report to the Media on Saturday. It followed Chief Minister's announcement of making public while constituting judicial tribunal to inquire into May 17 incident of Kharotabad. Trib
Pakistan Muslim League-Nawaz Quaid Nawaz Sharif Saturday underscored the need for forming a grand opposition alliance "to get rid of the PPP-led government." "Gone are the days of politics which was based on sheer deception and we welcome the MQM on the o
Pakistan Muslim League-Nawaz Quaid Nawaz Sharif Saturday underscored the need for forming a grand opposition alliance "to get rid of the PPP-led government." "Gone are the days of politics which was based on sheer deception and we welcome the MQM on the o
Muttahida Qaumi Movement (MQM) has expressed willingness to welcome Pakistan Muslim League-Nawaz (PML-N) President and Chief Minister of Punjab Shahbaz Sharif for a meeting with its chief, Altaf Hussain, in London, possibly to discuss formation of 'grand
Muttahida Qaumi Movement (MQM) has expressed willingness to welcome Pakistan Muslim League-Nawaz (PML-N) President and Chief Minister of Punjab Shahbaz Sharif for a meeting with its chief, Altaf Hussain, in London, possibly to discuss formation of 'grand
The Ministry of Petroleum and Natural Resources is ready to notify increase in natural gas prices by 15 to 96.6 percent for different consumers categories immediately after Prime Minister Yousaf Raza Gilani approves the summary, official sources told B
The Ministry of Petroleum and Natural Resources is ready to notify increase in natural gas prices by 15 to 96.6 percent for different consumers categories immediately after Prime Minister Yousaf Raza Gilani approves the summary, official sources told B
The Ministry of Petroleum and Natural Resources is ready to notify increase in natural gas prices by 15 to 96.6 percent for different consumers categories immediately after Prime Minister Yousaf Raza Gilani approves the summary, official sources told B
The Federal Board of Revenue (FBR) is probing an abnormal phenomenon in the Electronic Refund Claim System (ERS), as sales tax refunds paid through the system have shown a steep increase of 220 percent against export growth of 62 percent during some patch
The Federal Board of Revenue (FBR) is probing an abnormal phenomenon in the Electronic Refund Claim System (ERS), as sales tax refunds paid through the system have shown a steep increase of 220 percent against export growth of 62 percent during some patch
The Federal Board of Revenue (FBR) is probing an abnormal phenomenon in the Electronic Refund Claim System (ERS), as sales tax refunds paid through the system have shown a steep increase of 220 percent against export growth of 62 percent during some patch
Prime Minister Syed Yousuf Raza Gilani on Saturday said Pakistan sincerely desires for peace and stability in Afghanistan and will extend all possible support to an Afghan-led reconciliation peace process. He said that Pakistan is committed to creating co
Interior Minister Rehman Malik, who is in Jeddah on a two-day official visit on Saturday met Prince Saud Al-Faisal, Minister of Foreign Affairs and discussed bilateral relations came under discussion during the meeting. In a fax message received here from
Interior Minister Rehman Malik, who is in Jeddah on a two-day official visit on Saturday met Prince Saud Al-Faisal, Minister of Foreign Affairs and discussed bilateral relations came under discussion during the meeting. In a fax message received here from
A telephone conversation between a New York hotel maid and her boyfriend recorded after the woman accused former IMF chief Dominique Strauss-Kahn of sexual assault has thrown into doubt her credibility, The New York Times reported. Citing "a well-placed l
There were no leads on the whereabouts of a Swiss couple kidnapped by unknown gunmen from a remote area in south-western Pakistan, police said Saturday. Sohailur Rehman Baloch, the senior district administrator, said they were still not sure who kidnapped
The Consul General of USA in Karachi, William J. Martin, hosted a reception on Saturday evening to mark the 235th anniversary of the independence of the United States of America. The Acting Sindh Governor, Nisar Ahmed Khuhro, was the chief guest. The Amba
Iran will completely seal off its eastern borders with Afghanistan and Pakistan by 2015 to prevent drug smuggling and infiltration of armed groups, media quoted the police chief on Saturday as saying. "About 90 percent of Iran's eastern borders have alrea
Food inflation mounted to 15.67 percent in June, 2011 over the same month of 2010 after manifold increase in the prices of essential commodities, according to monthly Inflation Price Index. According to Consumer Price Index (CPI) for June, 2011, released
Supreme Court on Saturday clarified a news item appearing in a set of newspapers regarding references against those former judges who had taken oath under the annulled Provisional Constitutional Order of 2007. The Supreme Court said that on directions of
Supreme Court on Saturday clarified a news item appearing in a set of newspapers regarding references against those former judges who had taken oath under the annulled Provisional Constitutional Order of 2007. The Supreme Court said that on directions of
Around 200 Afghans joined a protest on the streets of Kabul Saturday against what Afghanistan says are Pakistani rocket attacks which have left dozens of people dead. Separately, the border police commander of eastern Afghanistan, General Aminullah Amarkh
Around 200 Afghans joined a protest on the streets of Kabul Saturday against what Afghanistan says are Pakistani rocket attacks which have left dozens of people dead. Separately, the border police commander of eastern Afghanistan, General Aminullah Amarkh
Two months after the covert US raid that killed Osama bin Laden, posters emblazoned with images of the burning World Trade Center towers appeared at the country's largest university advertising a literary contest to glorify the slain al Qaida chief.
Two months after the covert US raid that killed Osama bin Laden, posters emblazoned with images of the burning World Trade Center towers appeared at the country's largest university advertising a literary contest to glorify the slain al Qaida chief.
Prime Minister Syed Yousuf Raza Gilani has assigned the additional charge of the Ministry of Ports and Shipping to Dr Asim Hussain, Federal Minister for Petroleum and Natural Resources, a statement from PM House here on Saturday said.
Provincial government has released inquiry tribunal on Kharotabad incident report to the Media on Saturday. It followed Chief Minister's announcement of making public while constituting judicial tribunal to inquire into May 17 incident of Kharotabad. Trib
Prime Minister Syed Yousuf Raza Gilani has assigned the additional charge of the Ministry of Ports and Shipping to Dr Asim Hussain, Federal Minister for Petroleum and Natural Resources, a statement from PM House here on Saturday said.
Prime Minister Syed Yousuf Raza Gilani has assigned the additional charge of the Ministry of Ports and Shipping to Dr Asim Hussain, Federal Minister for Petroleum and Natural Resources, a statement from PM House here on Saturday said.
The Shaban moon has not been sighted in the country, Ruet-i-Hilal Committee announced on Saturday. The announcement was made by Chairman of the Central Ruet-i-Hilal Committee, Mufti Munib ur Rehman, after chairing the meeting of the committee. The first o
Iran will completely seal off its eastern borders with Afghanistan and Pakistan by 2015 to prevent drug smuggling and infiltration of armed groups, media quoted the police chief on Saturday as saying. "About 90 percent of Iran's eastern borders have alrea
The National Assembly Standing Committee on Science and Technology has asked the federal and provincial governments to provide the allocated funds to Thar coal gasification project to speed up the work on the power generation project.
The Shaban moon has not been sighted in the country, Ruet-i-Hilal Committee announced on Saturday. The announcement was made by Chairman of the Central Ruet-i-Hilal Committee, Mufti Munib ur Rehman, after chairing the meeting of the committee. The first o