News Archives for Print - 2011-07-18

THURSDAY JULY 14: Commitment to fiscal reforms: Kardar's exit may further shake confidence

Published 18 Jul, 2011 12:00am

Citadel Capital says first-quarter net loss widens

Egyptian private equity firm Citadel Capital on Sunday reported a widened net loss in a first quarter hit by political turmoil, and said it expected weak fundraising momentum for the rest of 2011 The firm reported a loss for the January-to-March quarter o

Published 18 Jul, 2011 12:00am

Citadel Capital says first-quarter net loss widens

Egyptian private equity firm Citadel Capital on Sunday reported a widened net loss in a first quarter hit by political turmoil, and said it expected weak fundraising momentum for the rest of 2011 The firm reported a loss for the January-to-March quarter o

Published 18 Jul, 2011 12:00am

Offshore investors net buyers of South Korea dollar/won NDFs in second quarter

Offshore investors swung to net buying of dollar/won non-deliverable forwards (NDF) in the second quarter amid concerns over Eurozone sovereign risks and a slowing global recovery, the Bank of Korea said on Sunday.

Published 18 Jul, 2011 12:00am

Groupon amends IPO filing

Groupon Inc, the largest online daily deals company, has added 11 new underwriters for its upcoming initial public offering. J. P Morgan, Allen & Co, Bank of America Merrill Lynch, Barclays Capital, Citigroup, Deutsche Bank Securities, William Blair & Co,

Published 18 Jul, 2011 12:00am

Bangladesh's inter bank forex, interest rates

Inter bank buy/sell rates for the taka against the dollar on Sunday.

Published 18 Jul, 2011 12:00am

Middle East markets: Egypt gains; Kuwait slumps

Egypt's index made its biggest one-day gain in 15 weeks as a cabinet reshuffle on Sunday boosted hopes for an improved investment climate, while Agility dragged Kuwait's bourse to a seven-year low. Egypt's main index jumped 3.3 percent, its biggest daily

Published 18 Jul, 2011 12:00am

Global Markets Weekahead: debt crises complicating investment process

The escalating debt crises on both sides of the Atlantic are complicating the process of investment decision making for the latter half of 2011 as sovereign default fears grow against the backdrop of a world economy still growing at a reasonable pace.

Published 18 Jul, 2011 12:00am

Romania Petrom share offer going well

The sale of a stake in Romania's top oil and gas group Petrom has attracted strong interest, Angelo Morganti, head of equity corporate finance at Renaissance Capital said on Sunday. Romania is selling 9.8 percent of Petrom in the largest transaction on it

Published 18 Jul, 2011 12:00am

Romania Petrom share offer going well

The sale of a stake in Romania's top oil and gas group Petrom has attracted strong interest, Angelo Morganti, head of equity corporate finance at Renaissance Capital said on Sunday. Romania is selling 9.8 percent of Petrom in the largest transaction on it

Published 18 Jul, 2011 12:00am

ADR Report: european banks mixed after stress test results

US-listed shares of European banks were mixed on Friday after eight of 90 European banks failed stress tests designed to see whether they would be strong enough to withstand a prolonged recession.

Published 18 Jul, 2011 12:00am

Australia's Collins Foods prices IPO at bottom of range

Australian fast-food group Collins Foods, owned by buyout firm Pacific Equity Partners, has priced its initial public offering at the bottom of the planned range, raising A$201.7 million, but still making it the largest IPO in the local market this year.

Published 18 Jul, 2011 12:00am

Shift in petrodollar investment to unnerve Western markets

The long-standing support from petrodollars for Western financial markets is gradually waning as oil-rich countries favour recycling their windfall revenues closer to home and away from low-yielding developed economies mired in the debt crisis.

Published 18 Jul, 2011 12:00am

Shift in petrodollar investment to unnerve Western markets

The long-standing support from petrodollars for Western financial markets is gradually waning as oil-rich countries favour recycling their windfall revenues closer to home and away from low-yielding developed economies mired in the debt crisis.

Published 18 Jul, 2011 12:00am

Wall Street Weekahead: stocks stymied without a US debt deal

US stocks will be hard pressed to turn the tide of recent selling next week as political jousting over raising the United States' debt ceiling intensifies. The benchmark S&P 500 index this week recorded its worst weekly loss in five weeks.

Published 18 Jul, 2011 12:00am

Tokyo shares seen to recover after week of turmoil

Tokyo shares may enjoy a rebound from this week's losses as the yen stabilises and investor fears potentially ease next week over debt woes in Europe and the United States, analysts said Friday. Shares felt the impact of the eurozone crisis and downgrade

Published 18 Jul, 2011 12:00am

Indonesia sees strong FX to help tackle capital flows

The Indonesian rupiah has room to rise further to help tackle inflationary pressures arising from strong capital inflows, a central bank deputy governor said on Thursday. Budi Mulya told Reuters that a strong rupiah was a key component of the central bank

Published 18 Jul, 2011 12:00am

Spain will avoid Black Monday on markets: EBA

Markets won't punish Spain on Monday even though the majority of banks that failed Europe-wide stress tests were Spanish, the head of the European Banking Authority said in an interview. Spain submitted nearly all its banks to the tests, unlike other Euro

Published 18 Jul, 2011 12:00am

Barclays admits cutting jobs in India

Barclays Plc has cut jobs in India as a result of merging the client relationship teams of its commercial and investment banking units, a company spokeswoman said on Sunday.

Published 18 Jul, 2011 12:00am

Bangladesh to spend $6.17 billion on oil imports

Bangladesh will spend $6.17 billion on importing oil in the 2011-12 fiscal year, more than double the previous year, as it buys more fuel at higher cost to fire up new power plants aimed at easing electricity shortages, a senior energy official said.

Published 18 Jul, 2011 12:00am

Clinton backs Greek strategy on debt crisis

Secretary of State Hillary Clinton on Sunday voiced strong US support for Greece's battle to overcome its debt crisis, saying it was taking the difficult steps required for future growth.

Published 18 Jul, 2011 12:00am

ECB would reject Greek bonds as collateral: Trichet

The European Central Bank's chief said it could not accept defaulted bonds as collateral and that governments would have to intervene and correct things were Greece government debt to be rated as a default.

Published 18 Jul, 2011 12:00am

ECB would reject Greek bonds as collateral: Trichet

The European Central Bank's chief said it could not accept defaulted bonds as collateral and that governments would have to intervene and correct things were Greece government debt to be rated as a default.

Published 18 Jul, 2011 12:00am

Australia says economy solid despite global fears

Australian Prime Minister Julia Gillard said on Sunday she was confident the resources-led economy would remain strong, pointing to solid Asian growth despite uncertainty from the US and Europe.

Published 18 Jul, 2011 12:00am

Global consumer confidence at lowest since late 2009: Nielsen

Global consumer confidence fell in the second quarter to its lowest level in a year and a half as an uncertain economic outlook, a deepening eurozone debt crisis and rising inflation made people more cautious, a survey showed on Sunday.

Published 18 Jul, 2011 12:00am

Ireland seeks euro bonds as part of crisis solution

Ireland would like to see the eurozone issue common bonds as part of the solution to the bloc's debt crisis, the Irish deputy prime minister said on Sunday. "It is an option I favour. It is one of a series of options that have to be looked at," Eamon Gilm

Published 18 Jul, 2011 12:00am

Ireland seeks euro bonds as part of crisis solution

Ireland would like to see the eurozone issue common bonds as part of the solution to the bloc's debt crisis, the Irish deputy prime minister said on Sunday. "It is an option I favour. It is one of a series of options that have to be looked at," Eamon Gilm

Published 18 Jul, 2011 12:00am

Greek debt 'on knife's edge', says IMF mission chief

Greece's runaway debt is on a "knife's edge", the IMF's mission chief to Athens said in an interview on Sunday as he called for an "invigoration" of structural reforms in the vast Greek public sector. "The Greek debt is sustainable but it is, as we say, o

Published 18 Jul, 2011 12:00am

US mulls options on debt deal; time runs short

White House budget director Jack Lew said on Sunday there was still time to clinch a major deficit reduction deal and he was confident that congressional leaders know a US debt default is not an option.

Published 18 Jul, 2011 12:00am

Merkel calls for European ratings agency

German chancellor Angela Merkel called Sunday for the creation of a European ratings agency, on the back of recent discontent over the downgrading of some EU economies. "It is important in the medium term that Europe also has a ratings agency," she said i

Published 18 Jul, 2011 12:00am

China to pilot carbon emission exchange

China will pilot a carbon trading scheme and gradually build a market for emissions trading to meet pollution goals and fight climate change, the official Xinhua news agency said on Sunday.

Published 18 Jul, 2011 12:00am

Obama picks former Ohio AG to lead consumer agency

President Barack Obama intends to nominate former Ohio Attorney General Richard Cordray to lead a new consumer financial protection bureau that was a central feature of a law that overhauled banking regulations. Obama plans to announce the nomination form

Published 18 Jul, 2011 12:00am

Niger president seeks better value for uranium

Niger, a major supplier of uranium to the French nuclear sector, wants a better price for its supplies, President Mahamadou Issoufou told state TV. Issoufou, who came to power after March elections that ended just over a year of military rule, said the po

Published 18 Jul, 2011 12:00am

Iran arrests another female reporter

Iran has arrested another female reporter wanting to cover the women's football World Cup in Germany, a press report said on Sunday, saying she was being held in Tehran's notorious Evin jail. Pegah Ahangarani, 27, who is also an actress and film-maker and

Published 18 Jul, 2011 12:00am

Martinez Sanchez takes Bad Gastein title

Spanish left-hander Maria Jose Martinez Sanchez won her fourth career title on Sunday, but first in 14 months, when she defeated Austria's Patricia Mayr 6-0, 7-5 in the Bad Gastein final. The 28-year-old added the Austrian title to her wins on clay at Bog

Published 18 Jul, 2011 12:00am

China's Huo wins third synchro platform gold

China's Huo Liang clinched his third successive world title in the men's 10-metres synchronised platform diving on Sunday, giving the host nation their second gold medal of the world swimming championships.

Published 18 Jul, 2011 12:00am

Clarke holds nerve to seal British Open triumph

Darren Clarke held his nerve to clinch victory at the British Open here Sunday, becoming the oldest winner of the championship in 44 years as he ended his long wait for a Major. The popular 42-year-old from Northern Ireland kept his cool in demanding cond

Published 18 Jul, 2011 12:00am

Soderling sweeps aside Ferrer to win Swedish Open

Top seed Robin Soderling swept aside the challenge of Spain's David Ferrer to win the Swedish Open final 6-2 6-2 in Bastad on Sunday. The Swede, ranked fifth in the world, broke Ferrer's serve in the first game of the rain-delayed final and never looked b

Published 18 Jul, 2011 12:00am

Fourth Tour de France win for Cavendish

Mark Cavendish delivered a textbook sprint in the finale of the 193-kms 15th stage of the Tour de France in Montpellier on Sunday to snatch his fourth victory in this year's race.

Published 18 Jul, 2011 12:00am

Bresnan, Broad picked ahead of Finn for Lord's test

Stuart Broad and Tim Bresnan were given the nod ahead of fellow paceman Steve Finn in England's 12-man squad for Thursday's opening test of the four-match series against India at Lord's. England's new Twenty20 skipper Broad was dropped for the fifth and f

Published 18 Jul, 2011 12:00am

SUNDAY JULY 17: Iran promises gas until end of 2012

Published 18 Jul, 2011 12:00am

Raina century lifts struggling India's spirits

Suresh Raina lifted India's spirits with an unbeaten 103 against Somerset as the tourists survived with a barely-deserved draw in their only warm-up match ahead of the first Test against England.

Published 18 Jul, 2011 12:00am

SUNDAY JULY 17: Strengthening Pakistan-Iran relations: currency swap deal proposed

Published 18 Jul, 2011 12:00am

Copa America quarter-final: Uruguay bury Argentina on penalties

Uruguay shocked hosts Argentina 5-4 on penalties Saturday to win their Copa America quarter-final after they were locked at 1-1 after extra time. Carlos Tevez, on as a late substitute, missed the crucial spotkick at the Santa Fe Stadium, nicknamed the Ele

Published 18 Jul, 2011 12:00am

SATURDAY JULY 16: Proposals for Trade Policy: MoC opposed to abolishing cotton cess

Published 18 Jul, 2011 12:00am

Challenge for Liverpool to break into top four: Kuyt

Liverpool face a stiff challenge to break back into the top four of the English Premier League, Dirk Kuyt admitted on Sunday, while singling out big-money signing Stewart Downing for praise.

Published 18 Jul, 2011 12:00am

SATURDAY JULY 16: Why SBP governor Kardar resigned?

Published 18 Jul, 2011 12:00am

Political undercurrent to Copa venues choice

A political undercurrent is running through the choice of venues for the Copa America and as World Cup qualifiers also loom the issue is becoming increasingly controversial. The Argentine authorities decided early on to take the event out to the provinces

Published 18 Jul, 2011 12:00am

FRIDAY JULY 15: Concessions to China under FTA: Japan unhappy with Pakistan

Published 18 Jul, 2011 12:00am

Villas-Boas vows not to make sweeping changes

Chelsea manager Andre Villas-Boas has told the club's established stars that he does not plan to make sweeping changes in his first season at Stamford Bridge. Villas-Boas has been linked with a host of big-money signings since his appointment last month,

Published 18 Jul, 2011 12:00am

FRIDAY JULY 15: FDI posts decline for third year in a row

Published 18 Jul, 2011 12:00am

Apple stock looks cheap ahead of results

Apple Inc should deliver yet another bumper quarter, but some investors are holding out for a monstrous second half when the new iPhone hits and a new online content service takes wing. Solid numbers from the company's quarterly report this week could sna

Published 18 Jul, 2011 12:00am

New app enables travellers to book hotels

With air fares remaining stubbornly high, more people are taking to the road for summer getaways, making them more likely to need on-the-go travel resources. Travel giant Orbitz has launched an app which is billed as the only online travel company iPad ap

Published 18 Jul, 2011 12:00am

MPs urged to supervise uplift schemes

Prime Minister Syed Yousuf Raza Gilani has urged the Parliamentarians to keep close contact with the public to address their problems. He asked to supervise the ongoing development projects in their respective constituencies to take full economic advantag

Published 18 Jul, 2011 12:00am

Setting up of SRB appellate tribunal: summary moved for chief minister's nod

The authorities of Sindh Revenue Board (SRB) have moved a summary to Sindh Chief Minister Qaim Ali Shah for approval of establishing Appellate Tribunal. Official sources told Business Recorder that the summary was moved a few days ago, in which the SRB ha

Published 18 Jul, 2011 12:00am

First Women Bank Ltd announces profit rates

First Women Bank Ltd has announced profit rates on various types of PLS Deposits for the half year ended June 30, 2011.

Published 18 Jul, 2011 12:00am

First Women Bank Ltd announces profit rates

First Women Bank Ltd has announced profit rates on various types of PLS Deposits for the half year ended June 30, 2011.

Published 18 Jul, 2011 12:00am

2,700 antiquities handed back to Swat Museum

Officials of Taxila Museum have handed over 2700 antiquities to the officials of the Department of Archaeology Khyber Pakhtunkhwa for the rehabilitation of Swat Buddhist Museum. The Swat Museum was closed following a bomb blast in February 2008, and its u

Published 18 Jul, 2011 12:00am

Arrangements for Urs of Shahbaz Qalandar reviewed

Comm-issioner Hyderabad Division, Aftab Ahmed Khatri, presiding over a meeting at his office reviewed the arrangements regarding 759th three-day annual Urs celebrations of Hazrat Lal Shahbaz Qalandar (RA) which will be began from July 21, 2011 at Sehwan S

Published 18 Jul, 2011 12:00am

Local faults: KESC demands return of union-hijacked repair vehicles

Karachi Electric Supply Company (KESC) has asked the activists of defunct union to immediately return the dozens of repair vehicles that they have illegally and in an unauthorised manner hijacked for over two months.

Published 18 Jul, 2011 12:00am

Amir Shah's death condoled

Managing Director PIA Nadeen Khan Yousufzai has condemned the brutal murder of Amir Shah President Peoples Unity of (CBA) PIA. He said that his name would be written with golden words in PIA history. Yousufzai prayed that Almighty Allah to grant his soul

Published 18 Jul, 2011 12:00am

Man killed in firing in Malir

A man was killed in firing by unidentified armed men on Sunday at Kehkashan Society, Malir in the limits of Al-Falah police station. Police said that 33-year-old Wali Mohammad s/o Mohammad Ismail was standing outside Raza hotel situated at Malir Kehkashan

Published 18 Jul, 2011 12:00am

Import of cheap ceramics tiles from China: Tiles makers demand imposition of anti-dumping duty

The local ceramics tiles manufacturers have demanded of the government to immediately impose anti-dumping duty on import of cheap ceramics tiles from China due to which country is losing over Rs2 billion annually. According to the manufacturers, the comme

Published 18 Jul, 2011 12:00am

Commodities' prices move both ways determined by demand-supply position, global trends

Gur, rapeseed, mace, cloves surged during the outgoing week with one day markets remaining inoperative, as some commodities, rice and cottonseed oilcake moved down during the week ending on July 16, 2011. The opening day commodities wholesale markets rema

Published 18 Jul, 2011 12:00am

Global cotton production projections cause overall fall in prices

Buying pace failed to match the falling prices of cotton during the violence struck week. Over all downtrend prevailed through week. On the last day prices, compared with previous week closure were: spot rate down Rs 600 at Rs6200, lint prices by almost R

Published 18 Jul, 2011 12:00am

Global cotton production projections cause overall fall in prices

Buying pace failed to match the falling prices of cotton during the violence struck week. Over all downtrend prevailed through week. On the last day prices, compared with previous week closure were: spot rate down Rs 600 at Rs6200, lint prices by almost R

Published 18 Jul, 2011 12:00am

Dirty socks could help fight malaria

The odor of dirty socks can be used to lure mosquitoes into a deadly trap before they can spread malaria, a US and Canadian-funded researcher based in Africa said on July 13. Dr Fredros Okumu, of the Ifakara Health Institute in Tanzania, discovered throug

Published 18 Jul, 2011 12:00am

No link seen between cellphones, brain tumour

People who have used a cell phone for more than a decade do not appear to be at increased risk of a type of non-cancerous brain tumour, a large study suggests. Looking at data on more than 2.8 million Danish adults, researchers found that those who'd used

Published 18 Jul, 2011 12:00am

Carbon dating technique to aid energy from waste

A new use for carbon dating will aid the production of energy from wood and waste, said a bio-energy group on July 14 after British regulatory approval of the new test.

Published 18 Jul, 2011 12:00am

Diners who use big forks eat less

Researchers have found a new way to control the amount we eat: use a bigger fork. While numerous studies have focused on portion sizes and their influence on how much we eat, researchers Arul and Himanshu Mishra and Tamara Masters looked at how bite sizes

Published 18 Jul, 2011 12:00am

High salt, low potassium can increase early death risk

Put down the salt shakers. Eating too much salt and too little potassium can increase the risk of death, US government researchers said. The findings from a team at the US Centre for Disease Control and Prevention are a counterpoint to a fiercely-debated

Published 18 Jul, 2011 12:00am

Ear plugs can spread infection

Those who suffer from an ear infection and listen to music using in-ear headphones should put each ear plug into the same ear to prevent the infection from spreading, warned the Institute for Quality and Efficiency in Health Care (IQWiG), an independent s

Published 18 Jul, 2011 12:00am

Tea and coffee drinkers have lower risk of superbug

People who regularly drink tea or coffee may be less likely to be carriers of the "superbug" MRSA, according to a US study. Out of more than 5,500 Americans who took part in a government study published in the Annals of Family Medicine, those who drank ho

Published 18 Jul, 2011 12:00am

Flu vaccine production to double by 2015: WHO

Global production of seasonal flu vaccine is expected to double to 1.7 billion doses by 2015, with 11 new manufacturers coming on stream in developing countries, the World Health Organisation (WHO) said on July 14.

Published 18 Jul, 2011 12:00am

Pinger bringing free text messaging to Europe

Silicon Valley start-up Pinger on July 13 said it will expand into Europe with a German service for free text messaging using Apple or Android-powered gadgets. Pinger side-stepped the cost of text messaging in Europe by making the service into a game in w

Published 18 Jul, 2011 12:00am

Keep it close: guarding against mobile and laptop theft

Smartphones, tablets, netbooks and notebooks are small, lightweight and easy to steal. Worse, in cases of theft, people don't just lose expensive technology, but important data.

Published 18 Jul, 2011 12:00am

Chinese man makes iPad look-a-like from scratch

An enterprising Chinese man has come up with a solution for gadget-crazy people who desperately want Apple's popular iPad tablet computer but cannot afford it - DIY. In a 20-minute video posted on Youku - the Chinese YouTube equivalent - Liu Xinying demon

Published 18 Jul, 2011 12:00am

PayPal letting Google phones swap cash

Online financial transactions giant PayPal on July 13 showed off a mini-programme that lets people exchange money by touching together a pair of Google smartphones. The software "widget" takes advantage of near-field communication (NFC) chips in Nexus S m

Published 18 Jul, 2011 12:00am

BNP Paribas set to launch US covered bond index

BNP Paribas is launching a dollar covered bond index, the first to list all non-SEC registered US dollar bonds, which will give US investors a benchmarking tool in this burgeoning market. "Indices are even more important in the US than in Europe where the

Published 18 Jul, 2011 12:00am

Apple stock looks cheap ahead of results

Apple Inc should deliver yet another bumper quarter, but some investors are holding out for a monstrous second half when the new iPhone hits and a new online content service takes wing. Solid numbers from the company's quarterly report this week could sna

Published 18 Jul, 2011 12:00am

THURSDAY JULY 14: Events that led to his resignation

Published 18 Jul, 2011 12:00am

Shell seeks sale of Canadian Mackenzie gas assets

Royal Dutch Shell Plc has put its stake in the C$16.2 billion ($16.8 billion) Mackenzie gas project up for sale, the first crack in the partnership set up to develop vast reserves in Canada's Arctic and build a pipeline to take the gas south.

Published 18 Jul, 2011 12:00am

WEDNESDAY JULY 13: Tax-to-GDP ratios in Asia: Pakistan needs to increase taxes

Published 18 Jul, 2011 12:00am

Sweden's SKF reports profit jump as sales rise

Sweden's SKF, the world's biggest maker of industrial bearings, said on July 15 its second-quarter net profit rose from the figure for the same period in 2010, largely helped by an improving automobile market.

Published 18 Jul, 2011 12:00am

WEDNESDAY JULY 13: Liepach assumes charge as ADB country director

Published 18 Jul, 2011 12:00am

Sweden's SKF reports profit jump as sales rise

Sweden's SKF, the world's biggest maker of industrial bearings, said on July 15 its second-quarter net profit rose from the figure for the same period in 2010, largely helped by an improving automobile market.

Published 18 Jul, 2011 12:00am

TUESDAY JULY 12: Funds of district governments, TMAs seized

Published 18 Jul, 2011 12:00am

Vienna bourse seeks hedge fund volume boost

The Vienna Stock Exchange is looking to boost lagging volumes by attracting high-frequency trading firms alongside its traditional bank and broker members, joint-Chief Executive Michael Buhl said on July 13.

Published 18 Jul, 2011 12:00am

TUESDAY JULY 12: Textile: five days per week gas supply worked out

Published 18 Jul, 2011 12:00am

Vienna bourse seeks hedge fund volume boost

The Vienna Stock Exchange is looking to boost lagging volumes by attracting high-frequency trading firms alongside its traditional bank and broker members, joint-Chief Executive Michael Buhl said on July 13.

Published 18 Jul, 2011 12:00am

MONDAY JULY 11: SECP allows 50 percent margin in futures trading

Published 18 Jul, 2011 12:00am

Hynix, Toshiba to develop new memory device

South Korea's Hynix Semiconductor and Japanese electronics giant Toshiba said on July 13 they have agreed to jointly develop a next-generation memory device. The companies said in a statement that the tie-up to develop spin-transfer torque magneto-resista

Published 18 Jul, 2011 12:00am

Google+ social network membership tops 10 million

Google chief Larry Page said on July 14 that the Internet giant's freshly launched Google+ social network already has more than 10 million members. "Over 10 million people have joined Google-Plus," Page said during a quarterly earnings conference call. "T

Published 18 Jul, 2011 12:00am

Israeli firm's app allows Facebook viewing on Google+

An Israeli company has developed an application that allows users of the newly launched social networking site Google+ to also view their streams from sector leader Facebook.

Published 18 Jul, 2011 12:00am

Smartphone use to soar in Asia: Nielsen

Smartphone use is poised to soar in Asia bringing with it a dramatic change in how people there access information on the Internet, according to industry tracker Nielsen Company. While fewer than 20 percent of mobile phone users in the Asia Pacific have s

Published 18 Jul, 2011 12:00am

35 percent of US adults own smartphones

A Pew Research Centre study released on July 11 indicated that 35 percent of US adults own smartphones as the Internet is increasingly being accessed using gadgets on the go. A quarter of US smartphone owners claimed to do most of their online browsing fr

Published 18 Jul, 2011 12:00am

Apple software update thwarts iPhone-iPad hack

Apple on July 15 released a software update to patch a vulnerability that hackers could use to break into the company's popular iPad, iPhone and iPod Touch gadgets. The flaw made it possible for hackers to infiltrate Apple mobile devices by duping users i

Published 18 Jul, 2011 12:00am

Amazon planning iPad rival by October: WSJ

Online retail giant Amazon plans to unveil a tablet computer before October in a bid to carve out a slice of a growing market dominated by Apple's iPad, The Wall Street Journal reported on July 13. The newspaper, citing "people familiar with the matter,"

Published 18 Jul, 2011 12:00am

Aeroflot set for privatisation by 2014: chief executive

Russia should not sell a blocking stake in flagship carrier Aeroflot until 2014 or after its planned merger with other state aviation assets, its chief executive told Reuters. Finance minister Alexei Kudrin said last month Aeroflot will be added to the st

Published 18 Jul, 2011 12:00am

MONDAY JULY 11: FBR tax record: thousands of dormant companies to be excluded by month-end

Published 18 Jul, 2011 12:00am

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

Most Popular