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Print - 2011-08-03
General Motors's US sales rise about eight percent

General Motors's US sales rise about eight percent

General Motors Co on Tuesday posted a 7.6 percent sales gain in July on stronger demand for its flagship Chevrolet brand and new cars including the Cruze compact. GM said US sales rose to 214,915 new cars and light trucks, within the range of analysts' ex
Published 03 Aug, 2011 12:00am
US MIDDAY: gold jumps to all-time high

US MIDDAY: gold jumps to all-time high

Gold surged more than 1 percent to all-time highs on Tuesday, as more weak US economic data fuelled safe-haven buying on fears a slow economy may trigger more monetary stimulus by the Federal Reserve. Bullion appeared headed for its biggest daily gain in
Published 03 Aug, 2011 12:00am
US MIDDAY: copper rebounds

US MIDDAY: copper rebounds

The key September COMEX contract shed 1.50 cents to settle at $4.3950 per lb early on Tuesday, after dealing between $4.3730 and $4.4250. Selling momentum gathered pace early in the day after data showed US consumer spending unexpectedly fell in June to p
Published 03 Aug, 2011 12:00am
US MIDDAY: soya lower

US MIDDAY: soya lower

Soyabean futures on the Chicago Board of Trade fell to session lows on Tuesday as traders sold soyabeans and bought corn on inter-market spreads, brokers said. The positions were based on ideas that rains forecast for the US Midwest late this week would h
Published 03 Aug, 2011 12:00am
US MIDDAY: corn rises

US MIDDAY: corn rises

CBOT December corn futures rose 21 cents to $7.06-3/4 a bushel to mark the session high at midday Tuesday on concerns about harm to the US crop from hot weather and on prospects for declining corn yields, traders said.
Published 03 Aug, 2011 12:00am
US MIDDAY: sugar and cocoa dip

US MIDDAY: sugar and cocoa dip

ICE sugar and cocoa futures fell early on Tuesday, weighed by a firmer dollar and weak global growth prospects that helped send world stocks to a one-month low. October raw sugar on ICE was off 0.36 cent or 1.2 percent at 28.62 cents a lb at 1500 GMT, wel
Published 03 Aug, 2011 12:00am
Gold rises to record high in European trade

Gold rises to record high in European trade

Gold rallied to its ninth record high this year on Tuesday, as growing fears about the spread of the European debt crisis and the increasingly gloomy outlook for the US economy fed a broad investor push into perceived safe-haven assets.
Published 03 Aug, 2011 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold edged higher on Tuesday, supported by a purchase of 25 tonnes of the precious metal by South Korea's central bank, while investors watched the outcome of a vote on the US debt deal. South Korea's central bank said it bought the gold between June and
Published 03 Aug, 2011 12:00am
US gold falls

US gold falls

Gold ended lower on Monday, but safe-haven buying by investors jittery about slow US manufacturing growth limited losses after a US debt deal shoved the precious metal sharply off record levels. Spot gold slipped 0.4 percent at $1,620.49 an ounce by 2:56
Published 03 Aug, 2011 12:00am
Copper edges up

Copper edges up

Copper inched up on Tuesday as supply worries fuelled by a strike at the world's biggest copper mine offset concerns about demand growth, after data showed weaker manufacturing activity and consumer spending in the United States and poorer factory activit
Published 03 Aug, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

The most-active October copper contract on the Shanghai Futures Exchange fell less than 2 percent to close at 72,010 yuan per tonne on Tuesday, after rising 1.1 percent in the previous session. "China's weak PMI and data out of other parts of the world ha
Published 03 Aug, 2011 12:00am
US copper down

US copper down

Copper posted its biggest one-day loss in two months on Monday, as the dollar rose and demand prospects dimmed after data showed a deceleration in manufacturing growth in emerging and developed economies alike last month. In New York, the key September CO
Published 03 Aug, 2011 12:00am
Malaysian palm oil dips

Malaysian palm oil dips

Malaysian palm oil futures ended slightly lower on Tuesday, as worries about the global economy and lower crude prices were offset by expectations of lower production and improving demand in the near-term. The benchmark October contract on the Bursa Malay
Published 03 Aug, 2011 12:00am
New York sugar and cocoa reverse lower

New York sugar and cocoa reverse lower

Raw sugar futures changed direction and closed down nearly 3 percent on Monday, moving in a wide 1.7-cent range as weak US manufacturing data weighed on the commodity complex. Key October raw sugar futures rumbled 0.84 cent, or 2.8 percent, to end at 28.9
Published 03 Aug, 2011 12:00am
Oil lower as economic, demand concerns persist

Oil lower as economic, demand concerns persist

Oil prices fell on Tuesday as more weak US economic data fuelled concern about the economy even as Congress passed a US debt-cutting measure in time to avoid a default for the world's top oil consumer. Congress passed a deficit-cutting package that also r
Published 03 Aug, 2011 12:00am
Liffe sugar falls

Liffe sugar falls

Sugar futures extended losses and dropped to a two-week low on Tuesday, weighed by weaker global growth prospects that helped send world stocks to a one-month low. The Reuters-Jefferies CRB index was quietly lower as investors showed concern about a possi
Published 03 Aug, 2011 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures ended on Monday with strong gains, rallying late to a 2-1/2-week high, as a debt deal that seemed likely to pass the US Congress boosted sentiment and led to an improved technical picture, analysts said.
Published 03 Aug, 2011 12:00am
Army top brass suspended over Cyprus blast

Army top brass suspended over Cyprus blast

Cyprus suspended three senior army officers on Tuesday in the wake of a naval base munitions blast that killed 13 people, destroyed the country's largest power plant and sparked a political crisis. The three were suspended as part of a disciplinary inquir
Published 03 Aug, 2011 12:00am
Deal reached to end South African gold mine strike

Deal reached to end South African gold mine strike

A strike in South Africa's gold mining sector ended on Tuesday after a 2-year wage deal was clinched, unions and the Chamber of Mines said. The strike at AngloGold Ashanti, Gold Fields and Harmony began last Thursday and halted output worth up to $25 mill
Published 03 Aug, 2011 12:00am
Israeli court orders West Bank outpost evacuation

Israeli court orders West Bank outpost evacuation

The Israeli Supreme Court on Tuesday ordered the eviction of settlers from a 10-year-old occupied West Bank outpost but gave authorities until the end of March 2012 to carry out the ruling. "The court issued an order obliging the state to evacuate the ill
Published 03 Aug, 2011 12:00am
Five kidnapped Bangladeshis freed in Afghanistan

Five kidnapped Bangladeshis freed in Afghanistan

Five Bangladeshi construction workers kidnapped in Afghanistan last December were on Tuesday freed by their captors, Dhaka's foreign minister said. The Afghan government, with help from local village elders, negotiated the freedom of the workers seven mon
Published 03 Aug, 2011 12:00am
Pilot killed as Indian Air Force jet crashes

Pilot killed as Indian Air Force jet crashes

An Indian Air Force pilot was killed Tuesday when his fighter jet crashed in the north-western state of Rajasthan, officials said. The MiG-21 crashed at the Nal airbase in Bikaner district as it was returning from a training sortie, IAF spokesman Wing Com
Published 03 Aug, 2011 12:00am
Deadly mob attack: Chinese police shoot dead two suspects

Deadly mob attack: Chinese police shoot dead two suspects

Chinese police have shot dead two men suspected of involvement in a deadly mob attack at the weekend in the restive north-west region of Xinjiang, official media reported Tuesday. The deaths bring to 22 the apparent number killed in the latest round of et
Published 03 Aug, 2011 12:00am
Japan warns of China's growing naval muscle

Japan warns of China's growing naval muscle

Japan voiced concern Tuesday over China's growing assertiveness and widening naval reach in nearby waters and the Pacific and over what it called the "opaqueness" of Beijing's military budget. In its annual defence report, Tokyo also pointed to threats fr
Published 03 Aug, 2011 12:00am
Syria toll rises, Russia opens way to UN resolution

Syria toll rises, Russia opens way to UN resolution

The death toll in Syria's bloody crackdown on opponents of President Bashar al-Assad in the city of Hama and elsewhere climbed on Tuesday and Russia said it would not oppose a UN resolution to condemn the violence. Russia, an old ally of Syria, had long r
Published 03 Aug, 2011 12:00am
Assad 'lost all humanity': Ban

Assad 'lost all humanity': Ban

UN leader Ban Ki-moon said Syrian President Bashar al-Assad has "lost all humanity" as the UN Security Council held new talks Tuesday on the Syrian government's deadly crackdown on protests. With the 15-nation council now under mounting pressure to take a
Published 03 Aug, 2011 12:00am
Qadhafis son pledges to fight on, irrespective of Nato

Qadhafis son pledges to fight on, irrespective of Nato

Forces loyal to Libya's Muammar Qadhafi killed seven rebels in a counter-attack in a key town on Tuesday, hospital sources said as the leader's camp vowed to push on with a war to crush a five-month uprising. Qadhafi's son said the conflict would continue
Published 03 Aug, 2011 12:00am
Senior figure held in News Corp hacking probe

Senior figure held in News Corp hacking probe

British police arrested a former senior figure at Rupert Murdoch's News International group on Tuesday, the latest high-profile case by detectives investigating the phone-hacking scandal at the News of the World tabloid. Police said a 71-year-old man had
Published 03 Aug, 2011 12:00am
England's domination becoming almost Predictable

England's domination becoming almost Predictable

Once a word used to deride England's cricketers, "predictable" is fast becoming a badge of honour that captain Andrew Strauss and his squad can wear with pride. Two crushing Test victories over India, the second coming in a rush of wickets at Trent Bridge
Published 03 Aug, 2011 12:00am
USA international Spector joins Birmingham

USA international Spector joins Birmingham

USA international Jonathan Spector has joined Birmingham City on a free transfer, the English second tier club announced on Tuesday. The 25-year-old, who can play in defence or midfield, was a free agent after his contract with West Ham United - who were
Published 03 Aug, 2011 12:00am
Dhoni admits schedule catching-up with India

Dhoni admits schedule catching-up with India

India captain Mahendra Singh Dhoni was looking forward to the chance to regroup after his side's crushing 319-run second Test defeat by England again raised questions about players' workloads. England's victory, achieved with more than a day to spare, lef
Published 03 Aug, 2011 12:00am
Sehwag flies in to join team

Sehwag flies in to join team

Virender Sehwag will join his Indian team mates on Wednesday, boosting the tourists' hopes of fielding their regular openers for the remaining two Tests against a dominant England side, who have already raced to a 2-0 lead in the four-match series. "Viren
Published 03 Aug, 2011 12:00am
McIlroy and McDowell team up for World Cup

McIlroy and McDowell team up for World Cup

Rory McIlroy and Graeme McDowell will team up for Ireland at this year's OMEGA Mission Hills World Cup, said organisers Tuesday, with Italy's Molinari brothers set to defend the title. US Open winner McIlroy, ranked fifth in the world, picked Ryder Cup he
Published 03 Aug, 2011 12:00am
Controversial players fill Fish, Roddick void

Controversial players fill Fish, Roddick void

Controver-sial Americans Wayne Odesnik and Donald Young moved into the spotlight Monday at the ATP Washington Classic as World No 8 Mardy Fish joined No 12 Andy Roddick in withdrawing due to injury. Former World No 4 James Blake advanced past Japan's Tats
Published 03 Aug, 2011 12:00am
Dilshan wary of youthful Australia

Dilshan wary of youthful Australia

Sri Lanka skipper Tillakaratne Dilshan on Tuesday insisted his team would not be taking Australia lightly despite the youthful look to the tourists' squad. The skipper will be without injured opening bowler Lasith Malinga for the two Twenty20 matches agai
Published 03 Aug, 2011 12:00am
Argentine FA backs down on plan to fuse top two divisions

Argentine FA backs down on plan to fuse top two divisions

The Argentine Football Association (AFA) has backed down on a much-criticised plan to fuse the first and second divisions into a 38-team national championship from next year. "The AFA resolved tonight (Monday) to suspend consideration of the proposal," th
Published 03 Aug, 2011 12:00am
Ronaldo dismisses Adebayor's Real hopes

Ronaldo dismisses Adebayor's Real hopes

Cristiano Ronaldo on Tuesday dismissed Emmanuel Adebayor's hopes of returning to Real Madrid, saying the Spanish giants did not need the unsettled Manchester City striker. Adebayor, 27, appears to have no future at City under boss Roberto Mancini and has
Published 03 Aug, 2011 12:00am
Former Japan defender Matsuda's condition 'critical'

Former Japan defender Matsuda's condition 'critical'

Former Japan defender Naoki Matsuda remained in a "critical condition" after collapsing on the pitch during practice with his club on Tuesday. The 34-year-old, who played for Japan at the 2002 World Cup, went into cardio-respiratory arrest, according to h
Published 03 Aug, 2011 12:00am
Japan honours women squad

Japan honours women squad

Japan said Tuesday it would honour its World Cup-winning women's footballers as people's heroes, praising them for helping to restore the nation's spirits after its massive quake-tsunami disaster. The squad members, who last month beat favourites the Unit
Published 03 Aug, 2011 12:00am
Bell rises in rankings

Bell rises in rankings

England's Ian Bell has risen to fifth place in the latest International Cricket Council (ICC) Test batting rankings published Tuesday on the back of his brilliant century against India at Trent Bridge. Bell made 159 as England won the second Test by 319 r
Published 03 Aug, 2011 12:00am
Asian currencies: Ringgit, peso lead in forex market falls

Asian currencies: Ringgit, peso lead in forex market falls

The Malaysian ringgit and the Philippine peso slipped on Tuesday in thin trading as interbank speculators reduced exposure to emerging Asian currencies on concerns over a weak global economic recovery. However, major funds and large investors have stayed
Published 03 Aug, 2011 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee weakened to its lowest level in a week on Tuesday, as oil importers bought dollars to settle dues to Iran and tracking the euro that fell after investor focus returned to eurozone debt problems and the global economic recovery.
Published 03 Aug, 2011 12:00am
Swiss franc surges

Swiss franc surges

The Swiss franc surged against the euro and the dollar on Tuesday, closing in on all-time highs hit Monday as investors continued to fret over poor manufacturing data in the United States and Europe. The franc leapt 1 percent against the euro compared to
Published 03 Aug, 2011 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 74.72/74.7350 (previous 74.68/74.75) Call Money Rates: 7.00-12.00 percent (previous 6.75-12.00 percent).
Published 03 Aug, 2011 12:00am
Yuan ends lower, but further gains seen

Yuan ends lower, but further gains seen

The yuan closed down slightly versus the dollar on Tuesday after the People's Bank of China set a weaker mid-point, following a slight rebound in the dollar index after the passage of a last-minute deal to raise the US borrowing limit. Traders said yuan a
Published 03 Aug, 2011 12:00am
Aussie dollar skids

Aussie dollar skids

The Aussie skidded on Tuesday after the Australian central bank held off from raising interest rates because of acute global uncertainty, leading some investors to wager it could actually be forced to cut in coming months. The Aussie fell as low as $1.091
Published 03 Aug, 2011 12:00am
Swiss franc, dollar rise in New York

Swiss franc, dollar rise in New York

The Swiss franc soared on Monday and the US dollar rallied against the euro, with demand for safe-haven currencies set to continue on concerns about slowing global economic growth and a possible cut of the United States' credit rating. US manufacturing gr
Published 03 Aug, 2011 12:00am
Early trade in New York: Swiss franc rallies

Early trade in New York: Swiss franc rallies

The Swiss franc vaulted to record highs against the dollar and euro on Tuesday as sluggish global growth, fresh concerns about the eurozone debt crisis and fears about the United States' coveted triple-A rating led investors to bet in favour of the safe-h
Published 03 Aug, 2011 12:00am
Swiss franc hits record high in London trade

Swiss franc hits record high in London trade

The Swiss franc rose to a record high against the euro and held close to a record versus the dollar on Tuesday as concerns about eurozone sovereign debt problems and a slowdown in the global economy boosted demand for the safe-haven currency. Fears of int
Published 03 Aug, 2011 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling hit a two-month high against the euro on Tuesday as the single currency suffered broadly due to renewed worries about eurozone debt and the risks of contagion to countries like Spain and Italy. Despite its gains versus the euro, the pound slipped
Published 03 Aug, 2011 12:00am
Swiss franc gains in Asia

Swiss franc gains in Asia

The safe-haven Swiss franc gained on Tuesday on worries about the global economy even as the US looked to have averted a debt default after the House of Representatives approved an 11th hour deal to raise the government's borrowing limit. Strength in the
Published 03 Aug, 2011 12:00am
Debt crisis intensification rattles money markets

Debt crisis intensification rattles money markets

The eurozone interest rate futures curve flattened on Tuesday and banks grabbed funds from the ECB as markets questioned whether the central bank was right to raise interest rates last month faced with a spreading debt crisis and poor growth.
Published 03 Aug, 2011 12:00am
FTSE sinks to five-week low

FTSE sinks to five-week low

Britain's top share index sank to a five-week closing low on Tuesday as investor confidence was further undermined by the uncertain global economic outlook, with miners bearing the brunt of the sell-off. The FTSE 100 fell for a third day in a row and ende
Published 03 Aug, 2011 12:00am
LSE strikes deal with FSA on reporting

LSE strikes deal with FSA on reporting

The London Stock Exchange has struck a deal with British regulator the Financial Services Authority to buy a reporting service which the LSE claims will expand its client base. The LSE said on Tuesday it had agreed to pay the FSA 15 million pounds ($24.4
Published 03 Aug, 2011 12:00am
Swiss stocks plunge 3.7 percent

Swiss stocks plunge 3.7 percent

Swiss stocks plunged across the board on Tuesday to the lowest levels since July 2009, as investors retreated on deep anxiety over public debt in advanced economies. In mid-afternoon trading, the Swiss Market Index of the 20 biggest companies was showing
Published 03 Aug, 2011 12:00am
Indian shares at six-week low

Indian shares at six-week low

Indian shares fell more than 1 percent on Tuesday to their lowest close in nearly six weeks, as renewed worries about the health of the global economy and local concerns on rising borrowing costs rattled investors. Financials dropped the most as slowing e
Published 03 Aug, 2011 12:00am
European shares fall

European shares fall

European shares hit their lowest close in 11 months on Tuesday as weak global growth replaced the US debt ceiling row as investors' main concern and banks fell on worries about the eurozone peripheral debt crisis. The pan-European FTSEurofirst 300 index o
Published 03 Aug, 2011 12:00am
Hong Kong and Chinese shares dip

Hong Kong and Chinese shares dip

Hong Kong shares closed broadly lower on Tuesday following sluggish global manufacturing data that renewed growth concerns, which crimped turnover and could limit any lift from coming first-half earnings reports. The slowdown in the US factory sector adde
Published 03 Aug, 2011 12:00am
Southeast Asian markets down

Southeast Asian markets down

Southeast Asian stock markets fell on Tuesday as jitters about the US credit rating outlook limited appetite for risk and weak earnings hurt some shares, although foreign investors continued to buy in Indonesia and the Philippines. Volume was moderate to
Published 03 Aug, 2011 12:00am
Treasuries climb

Treasuries climb

US Treasury debt prices rallied on Monday as a troubled outlook for the US and global economies whetted appetite for safe-haven government debt, sending yields to their lowest in more than eight months. A closely watched measure of US manufacturing unders
Published 03 Aug, 2011 12:00am
Treasuries climb

Treasuries climb

US Treasury debt prices rallied on Monday as a troubled outlook for the US and global economies whetted appetite for safe-haven government debt, sending yields to their lowest in more than eight months. A closely watched measure of US manufacturing unders
Published 03 Aug, 2011 12:00am
NYSE Euronext profit drops

NYSE Euronext profit drops

Transatlantic stock market operator NYSE Euronext, which is tying up with Germany's Deutsche Boerse, reported on Tuesday a 16-percent fall in net profit to $154 million (108 million euros) in the second quarter because of a fall in sales. Earnings per sha
Published 03 Aug, 2011 12:00am
US stocks down

US stocks down

The S&P 500 fell for a sixth day on Monday as time runs out for the government to pass a deal to avoid default and the economy showed further signs of stalling. The market pared losses late in the day before Congress was expected to vote on Monday on a de
Published 03 Aug, 2011 12:00am
Tuesday's afternoon trade: Wall Street drops

Tuesday's afternoon trade: Wall Street drops

US stocks dropped on Tuesday on worries about a possible downgrade of the United States' top credit rating and signs of economic weakness even as Congress passed a bill to avoid a debt default. But shortly after the vote, Fitch Ratings said the agreement
Published 03 Aug, 2011 12:00am
Nikkei average falls

Nikkei average falls

The Nikkei average fell 1.2 percent after weak US manufacturing data fanned fears about the health of the global economy and pushed the dollar lower, although the heightened risk of intervention in currency markets by Japanese authorities lent support. Da
Published 03 Aug, 2011 12:00am
Seoul shares tumble

Seoul shares tumble

Seoul shares fell the most in more than two months on Tuesday, hit by renewed worries about slowing global growth and underperforming regional peers as blue chip automakers succumbed to a selling spree. Analysts said that weak United States manufacturing
Published 03 Aug, 2011 12:00am
Middle East markets: Egypt at 12-week low, others mixed

Middle East markets: Egypt at 12-week low, others mixed

Egypt's bourse fell to a 12-week low on Tuesday as jittery investors sold shares ahead of former Egyptian President Hosni Mubarak's trial, while Gulf markets were mixed in lukewarm sentiment after a US debt deal. Mubarak, the ousted president, is being tr
Published 03 Aug, 2011 12:00am
ADB warns of bumpy road into 'Asian century'

ADB warns of bumpy road into 'Asian century'

Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output
Published 03 Aug, 2011 12:00am
US consumer spending falters, inflation eases

US consumer spending falters, inflation eases

US consumer spending dropped in June for the first time in nearly two years and incomes barely rose, signs the economy lacked momentum as the second quarter drew to a close. The Commerce Department said on Tuesday consumer spending slipped 0.2 percent, th
Published 03 Aug, 2011 12:00am
Swiss are world's train champions

Swiss are world's train champions

Swiss train users are the world's most prolific railway riders, tracking an average of 2,258 kilometres (1403 miles) every year, the country's public transport association said Tuesday. According to the Swiss Public Transport Information Service, Swiss ra
Published 03 Aug, 2011 12:00am
Toyota cautious after quake drags first quarter to loss

Toyota cautious after quake drags first quarter to loss

Toyota Motor Corp slumped to its first quarterly loss in two years after the March 11 disaster virtually halted production, and the Japanese auto giant warned the stronger yen was hobbling it in the battle against South Korean rivals. The loss was smaller
Published 03 Aug, 2011 12:00am
Toyota cautious after quake drags first quarter to loss

Toyota cautious after quake drags first quarter to loss

Toyota Motor Corp slumped to its first quarterly loss in two years after the March 11 disaster virtually halted production, and the Japanese auto giant warned the stronger yen was hobbling it in the battle against South Korean rivals. The loss was smaller
Published 03 Aug, 2011 12:00am
South African high-speed train link takes off

South African high-speed train link takes off

The main link on Africa's fastest railway opened Tuesday to thousands of commuters who shuttled at 160 kilometres (100 miles) per hour between Johannesburg and the South African capital Pretoria. Passengers applauded as the first trains left their station
Published 03 Aug, 2011 12:00am
Rich country inflation slips to 3.1 percent: OECD

Rich country inflation slips to 3.1 percent: OECD

Inflation in advanced economies eased to 3.1 percent in the 12 months to the end of June from 3.2 percent to the end of May as a rise in energy prices slowed, the OECD said on Tuesday. This was the first slowing of inflation in OECD countries since Novemb
Published 03 Aug, 2011 12:00am
HSBC to hire 15,000 in emerging markets

HSBC to hire 15,000 in emerging markets

Global banking giant HSBC said Tuesday it would hire thousands of people in emerging markets by 2014 as it looked particularly to Asia's booming financial sector to power future growth. "We are planning to hire up to 15,000 people in emerging markets over
Published 03 Aug, 2011 12:00am
Geithner decries 'spectacle' of US debt ceiling debate

Geithner decries 'spectacle' of US debt ceiling debate

US Treasury Secretary Tim Geithner said Tuesday the "spectacle" of the US debt ceiling debate damaged investor confidence even though the US economy remains solid. "In the United States, I think confidence here was absolutely very damaged by this spectacl
Published 03 Aug, 2011 12:00am
Geithner decries 'spectacle' of US debt ceiling debate

Geithner decries 'spectacle' of US debt ceiling debate

US Treasury Secretary Tim Geithner said Tuesday the "spectacle" of the US debt ceiling debate damaged investor confidence even though the US economy remains solid. "In the United States, I think confidence here was absolutely very damaged by this spectacl
Published 03 Aug, 2011 12:00am
General Motors's US sales rise about eight percent

General Motors's US sales rise about eight percent

General Motors Co on Tuesday posted a 7.6 percent sales gain in July on stronger demand for its flagship Chevrolet brand and new cars including the Cruze compact. GM said US sales rose to 214,915 new cars and light trucks, within the range of analysts' ex
Published 03 Aug, 2011 12:00am
Nepra allows discos Rs 1.04 per unit raise

Nepra allows discos Rs 1.04 per unit raise

The National Electric Power Regulatory Authority (Nepra) has allowed power distribution companies (discos) to increase power tariff by under monthly fuel adjustment mechanism amid reports that consumers have been deprived of power at Sehri and Iftari, des
Published 03 Aug, 2011 12:00am
Nepra allows discos Rs 1.04 per unit raise

Nepra allows discos Rs 1.04 per unit raise

The National Electric Power Regulatory Authority (Nepra) has allowed power distribution companies (discos) to increase power tariff by under monthly fuel adjustment mechanism amid reports that consumers have been deprived of power at Sehri and Iftari, des
Published 03 Aug, 2011 12:00am
Nepra allows discos Rs 1.04 per unit raise

Nepra allows discos Rs 1.04 per unit raise

The National Electric Power Regulatory Authority (Nepra) has allowed power distribution companies (discos) to increase power tariff by under monthly fuel adjustment mechanism amid reports that consumers have been deprived of power at Sehri and Iftari, des
Published 03 Aug, 2011 12:00am
Energy sector: Naveed woos Chinese investors

Energy sector: Naveed woos Chinese investors

Federal Minister for Water and Power Naveed Qamar said here on Tuesday that the growing energy demand in Pakistan is a challenge for the government. Yet it provides immense opportunities for Chinese investors to contribute towards reducing energy shortage
Published 03 Aug, 2011 12:00am
Government retires Rs 44 billion borrowing

Government retires Rs 44 billion borrowing

The federal government retired over Rs 44 billion of budgetary borrowing to the State Bank of Pakistan (SBP) during the first three weeks of current fiscal year. Sources in the banking sector told Business Recorder on Tuesday that the federal gover
Published 03 Aug, 2011 12:00am
Government retires Rs 44 billion borrowing

Government retires Rs 44 billion borrowing

The federal government retired over Rs 44 billion of budgetary borrowing to the State Bank of Pakistan (SBP) during the first three weeks of current fiscal year. Sources in the banking sector told Business Recorder on Tuesday that the federal gover
Published 03 Aug, 2011 12:00am
Government retires Rs 44 billion borrowing

Government retires Rs 44 billion borrowing

The federal government retired over Rs 44 billion of budgetary borrowing to the State Bank of Pakistan (SBP) during the first three weeks of current fiscal year. Sources in the banking sector told Business Recorder on Tuesday that the federal gover
Published 03 Aug, 2011 12:00am
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