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Print - 2011-08-15
'Education agent of change, development'

'Education agent of change, development'

The flag-hoisting ceremony in connection with the 65th Independence Day was held on Sunday at Shah Abdul Latif University (SALU) Khairpur. Vice Chancellor SALU, Dr Nilofar Sheikh hoisted the national flag.
Published 15 Aug, 2011 12:00am
Three troops dead in rocket attack

Three troops dead in rocket attack

Three soldiers were killed and 23 injured on Sunday in a rocket attack in the north-western region along the Afghan border, as celebrations were being held to mark the 64th anniversary of independence, security officials said.
Published 15 Aug, 2011 12:00am
Three troops dead in rocket attack

Three troops dead in rocket attack

Three soldiers were killed and 23 injured on Sunday in a rocket attack in the north-western region along the Afghan border, as celebrations were being held to mark the 64th anniversary of independence, security officials said.
Published 15 Aug, 2011 12:00am
Taliban attack on Afghan governor's house kills 22

Taliban attack on Afghan governor's house kills 22

A gun and suicide attack on an Afghan governor's compound killed 22 people on Sunday in the latest Taliban assault spotlighting the militants' power just outside the capital Kabul. Abdul Basir Salangi, the governor of Parwan province, told a local televis
Published 15 Aug, 2011 12:00am
Taliban attack on Afghan governor's house kills 22

Taliban attack on Afghan governor's house kills 22

A gun and suicide attack on an Afghan governor's compound killed 22 people on Sunday in the latest Taliban assault spotlighting the militants' power just outside the capital Kabul. Abdul Basir Salangi, the governor of Parwan province, told a local televis
Published 15 Aug, 2011 12:00am
Iraqi vice president says US pullout will improve security

Iraqi vice president says US pullout will improve security

The year-end pullout of US forces will improve security in Iraq, Vice President Tareq al-Hashemi claimed Sunday, days after Iraqi leaders agreed to talk with Washington over a post-2011 training mission. Hashemi, a Sunni Muslim and one of two vice preside
Published 15 Aug, 2011 12:00am
Iraqi vice president says US pullout will improve security

Iraqi vice president says US pullout will improve security

The year-end pullout of US forces will improve security in Iraq, Vice President Tareq al-Hashemi claimed Sunday, days after Iraqi leaders agreed to talk with Washington over a post-2011 training mission. Hashemi, a Sunni Muslim and one of two vice preside
Published 15 Aug, 2011 12:00am
Switzerland may strike tax deal with UK soon

Switzerland may strike tax deal with UK soon

Switzerland's banking association head is hopeful the country will finalise a tax deal with Britain in the coming weeks, Patrick Odier was quoted as saying on Sunday in an interview with Swiss newspaper SonntagsZeitung.
Published 15 Aug, 2011 12:00am
Switzerland may strike tax deal with UK soon

Switzerland may strike tax deal with UK soon

Switzerland's banking association head is hopeful the country will finalise a tax deal with Britain in the coming weeks, Patrick Odier was quoted as saying on Sunday in an interview with Swiss newspaper SonntagsZeitung.
Published 15 Aug, 2011 12:00am
Switzerland may strike tax deal with UK soon

Switzerland may strike tax deal with UK soon

Switzerland''s banking association head is hopeful the country will finalise a tax deal with Britain in the coming weeks, Patrick Odier was quoted as saying on Sunday in an interview with Swiss newspaper SonntagsZeitung.
Published 15 Aug, 2011 12:00am
Prime Minister pledges to redress grievances of ginners

Prime Minister pledges to redress grievances of ginners

Prime Minister Syed Yousuf Raza Gilani met a delegation of Pakistan Cotton Ginners Association (PCGA) led by its Chairman Chaudhry Masood A. Majeed and assured the delegation redressing their grievances and sympathetically reviewing their demands.
Published 15 Aug, 2011 12:00am
Prime Minister pledges to redress grievances of ginners

Prime Minister pledges to redress grievances of ginners

Prime Minister Syed Yousuf Raza Gilani met a delegation of Pakistan Cotton Ginners Association (PCGA) led by its Chairman Chaudhry Masood A. Majeed and assured the delegation redressing their grievances and sympathetically reviewing their demands.
Published 15 Aug, 2011 12:00am
Five of a family killed in Faisalabad

Five of a family killed in Faisalabad

A couple and their three children were killed in the areas of Batala Colony police station. According to police, Sardar Muhammad Khawar (40) along with his family was residing at second floor of a house in street No.1 Raja Chowk in Waris Pura, the area of
Published 15 Aug, 2011 12:00am
Five of a family killed in Faisalabad

Five of a family killed in Faisalabad

A couple and their three children were killed in the areas of Batala Colony police station. According to police, Sardar Muhammad Khawar (40) along with his family was residing at second floor of a house in street No.1 Raja Chowk in Waris Pura, the area of
Published 15 Aug, 2011 12:00am
Bollywood actor Shammi Kapoor dead

Bollywood actor Shammi Kapoor dead

Legendary Bollywood heartthrob Shammi Kapoor, whose acting and dancing style heavily influenced modern-day Indian film stars, died on Sunday aged 79. "Shammi Kapoor ji passed away this morning at 5:15 am," Bollywood veteran Amitabh Bachchan wrote on Twitt
Published 15 Aug, 2011 12:00am
Bollywood actor Shammi Kapoor dead

Bollywood actor Shammi Kapoor dead

Legendary Bollywood heartthrob Shammi Kapoor, whose acting and dancing style heavily influenced modern-day Indian film stars, died on Sunday aged 79. "Shammi Kapoor ji passed away this morning at 5:15 am," Bollywood veteran Amitabh Bachchan wrote on Twitt
Published 15 Aug, 2011 12:00am
MONEY WEEK: The future of liquidity

MONEY WEEK: The future of liquidity

The government has continued to hog the credit pie as commercial banks remained aggressive in picking up T-Bills at recent auctions. The government accepted Rs181 billion in the last auction; a little over the target but the commercial bank's affinity for
Published 15 Aug, 2011 12:00am
MONEY WEEK: The future of liquidity

MONEY WEEK: The future of liquidity

The government has continued to hog the credit pie as commercial banks remained aggressive in picking up T-Bills at recent auctions. The government accepted Rs181 billion in the last auction; a little over the target but the commercial bank's affinity for
Published 15 Aug, 2011 12:00am
MONEY WEEK: The future of liquidity

MONEY WEEK: The future of liquidity

The government has continued to hog the credit pie as commercial banks remained aggressive in picking up T-Bills at recent auctions. The government accepted Rs181 billion in the last auction; a little over the target but the commercial bank''s affinity fo
Published 15 Aug, 2011 12:00am
Security tightened in India

Security tightened in India

Elaborate security measures were put in place Sunday in New Delhi and other Indian cities, on the eve of the country's Independence Day celebrations, to prevent possible terrorist attacks.
Published 15 Aug, 2011 12:00am
Security tightened in India

Security tightened in India

Elaborate security measures were put in place Sunday in New Delhi and other Indian cities, on the eve of the country's Independence Day celebrations, to prevent possible terrorist attacks.
Published 15 Aug, 2011 12:00am
Army eyes permanent bases in Swat

Army eyes permanent bases in Swat

New threats risk delaying a handover to civilian leaders in country's Swat valley, where the army remains in force two years after stamping out a Taliban insurgency and restoring peace. After years of violence, a military offensive and devastating floods,
Published 15 Aug, 2011 12:00am
Army eyes permanent bases in Swat

Army eyes permanent bases in Swat

New threats risk delaying a handover to civilian leaders in country's Swat valley, where the army remains in force two years after stamping out a Taliban insurgency and restoring peace. After years of violence, a military offensive and devastating floods,
Published 15 Aug, 2011 12:00am
Prime Minister meets lawyers team

Prime Minister meets lawyers team

Prime Minister Syed Yousuf Raza Gilani met with a seven-member delegation of lawyers and handed over them cheques as financial assistance for Multan and Bahawalpur bars here on Sunday.
Published 15 Aug, 2011 12:00am
CJ IHC constitutes single bench

CJ IHC constitutes single bench

The Chief Justice, Islamabad High Court Iqbal Hameed-ur-Rehman has constituted single bench comprising Justice Riaz Ahmad Khan to resume hearing of 30 cases during the next week starting on Monday, August 15. It is pertinent to mention here that the bench
Published 15 Aug, 2011 12:00am
PAAPAM resents import of old cars, trucks, tractors

PAAPAM resents import of old cars, trucks, tractors

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has strongly reacted to the decision of Cabinet Division permitting import of up to five year old re-conditioned cars, motorcycles, trucks and tractors and removing the restrict
Published 15 Aug, 2011 12:00am
No clues on abducted US development expert

No clues on abducted US development expert

Police said on Sunday they were investigating the abduction of a US development expert from Lahore. Warren Weinstein, 63, was kidnapped on Saturday when a dozen assailants overpowered his guards and servants at gunpoint as they were having their pre-dawn
Published 15 Aug, 2011 12:00am
Extension of Political Party Act to Fata welcomed

Extension of Political Party Act to Fata welcomed

Provincial Head of Awami National Party (ANP) senator Afrasiyab Khattak has welcomed extension of Political Party Act to Fata and said that representation should be given to Fata in Khyber Pakhtunkhwa provincial assembly.
Published 15 Aug, 2011 12:00am
IIU celebrates Independence Day

IIU celebrates Independence Day

The International Islamic University (IIU) on Sunday held a ceremony to celebrate the 65th Independence Day of Pakistan at the central library of the university. Rector IIU, Professor Fateh Malik presided over the Ceremony while Professor Dr Sahibzada Saj
Published 15 Aug, 2011 12:00am
Chenab at Qadirabad, Ravi at Balloki in 'low' flood

Chenab at Qadirabad, Ravi at Balloki in 'low' flood

River Chenab at Qadirabad (flow 1,02,000 cusecs) and river Ravi at Balloki (flow 56,200 cusecs) were in low flood, Flood Warning Centre said here on Sunday. In a significant flood warning, it said that river Sutlej at Ganda Singh Wala was likely to attain
Published 15 Aug, 2011 12:00am
BZU celebrates Independence Day

BZU celebrates Independence Day

A flag hoisting ceremony was held at the spacious Jinnah Auditorium of Bahauddin Zakariya University (BZU) here on Sunday in connection with the 65th Independence Day celebrated all over the country.
Published 15 Aug, 2011 12:00am
Flag hoisting ceremony at Lower Dir

Flag hoisting ceremony at Lower Dir

Like elsewhere, a colourful flag hoisting ceremony was held here on Sunday to celebrate the 65th Pakistan Independence Day in a most befitting manner.
Published 15 Aug, 2011 12:00am
'Pakistan centre of love for the Muslims'

'Pakistan centre of love for the Muslims'

Principle of the Post Graduate Medical Institute (PGMI) Professor Dr Tariq Salahuddin said that the Muslims of the subcontinent under the leadership of Quaid-e-Azam fulfilled the dreams of Allama Iqbal, adding that now it is our turn to make this country
Published 15 Aug, 2011 12:00am
Wapda celebrates Independence Day

Wapda celebrates Independence Day

Water and Power Development Authority (Wapda) officials celebrated Independence Day with national zeal in the length and breadth of the country. The main ceremony in this regard, was held at Wapda Auditorium, Wapda House, Lahore. Chairman Wapda Shakil Dur
Published 15 Aug, 2011 12:00am
Government trying to install dictatorship in guise of democracy: Nawaz

Government trying to install dictatorship in guise of democracy: Nawaz

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif has said that the present state the country was heartbreaking, as the incumbent government was trying to install a dictatorship under the guise of democracy. He was addressing a function held in
Published 15 Aug, 2011 12:00am
LCWU celebrates Independence Day

LCWU celebrates Independence Day

Lahore College For Women University (LCWU) Lahore marked Independence Day on Sunday with great zeal, enthusiasm and renewed commitment to make Pakistan strong and prosperous. Flag-hoisting ceremony was held at the Campus in front of Auditorium.
Published 15 Aug, 2011 12:00am
TTP Swat commander arrested

TTP Swat commander arrested

The Law enforcement agencies arrested a commander of Tehrik-e-Taliban Pakistan (TTP) Swat Chapter from the Federal Capital on Saturday, foiling a major plot to undertake terrorist act on the eve of 64th Independence Day, it was learnt on Sunday.
Published 15 Aug, 2011 12:00am
Minorities' peace caravan reaches federal capital

Minorities' peace caravan reaches federal capital

A caravan of minorities that started peace walk from Karachi reached here on Sunday to show commitment of minorities in national harmony, peace and prosperity in Pakistan.
Published 15 Aug, 2011 12:00am
Tourist train set to mesmerise ICT dwellers

Tourist train set to mesmerise ICT dwellers

The recently launched Margalla Tourist Train is all set to mesmerise the fun lovers of federal capital during the days of Eid-ul-Fitr. The train, which is aimed at promoting tourist and economic activities in the federal capital, will become functional by
Published 15 Aug, 2011 12:00am
Chief minister Punjab stresses need to shun begging bowl

Chief minister Punjab stresses need to shun begging bowl

Punjab Chief Minister Shahbaz Sharif has stressed the authorities to shun the begging bowl to take the country to comity of respectable nations. He said that the country should move with zeal to the path of education development so that the nation becomes
Published 15 Aug, 2011 12:00am
65th Independence Day observed in Balochistan

65th Independence Day observed in Balochistan

The 65th Independence Day of the Islamic Republic of Pakistan was observed on Sunday in parts of Balochistan with national fervour and solemnity. The day began with special prayers in the mosques for the unity, solidarity and prosperity of the country. 21
Published 15 Aug, 2011 12:00am
Magsi confers awards

Magsi confers awards

Balochistan Governor Nawab Zulfiqar Ali Magsi, on behalf of the President of Pakistan, here on Sunday conferred national awards on 17 personalities of Police Department of the province on Independence Day at an investiture ceremony held at Governor House.
Published 15 Aug, 2011 12:00am
Hike in CNG, power rates: protest rally held

Hike in CNG, power rates: protest rally held

Muttahida Shehri Mahaz Multan and Rickshaw Association continued its protest for the third day against the price hike of CNG, LPG, and electricity. The demo was staged at Chowk Hussain Agahi and it was led by Tariq Naeem-ullah Khan and Abbas Omar Draz. Th
Published 15 Aug, 2011 12:00am
KBP to save farmers from clutches of exploiters

KBP to save farmers from clutches of exploiters

Kissan Board Pakistan (KBP) said it would protect farmers from the clutches of exploiters including International Monetary Fund, World Bank, banks, fertiliser manufacturers, sugar mills, rice mills, cotton mills and hoarders of agriculture inputs.
Published 15 Aug, 2011 12:00am
Former minister's son held; fake tea seized

Former minister's son held; fake tea seized

Former Punjab Minister's son and his two accomplices remanded to police for interrogation by the local court here on Sunday. An organised gang of manufacturers of 'fake tea' headed by Ashraf Saeed Qureshi son of a former Punjab Minister Mian Saeed Ahmed Q
Published 15 Aug, 2011 12:00am
Independence Day celebrated across Sindh

Independence Day celebrated across Sindh

People of Sindh celebrated country's 65th Independence Day on Sunday with traditional zeal and enthusiasm in Sukkur, Khairpur, Shikarpur, Kashmore, Ghorki, Noushehroferoze and other districts.
Published 15 Aug, 2011 12:00am
Armed Forces join Independence Day celebrations

Armed Forces join Independence Day celebrations

All three Armed Forces joined the nation in celebrations of the 65th Independence Day of Pakistan and organised various events to celebrate the day. The day started in the morning with special prayers in all Garrisons and unit mosques for stability, prosp
Published 15 Aug, 2011 12:00am
AdAsia2011 Indian team meets AAP

AdAsia2011 Indian team meets AAP

The Indian delegation of AdAsia2011 consisting of Madhukar Kamath, Chairman, AdAsia2011 and Ashish Bagga, Co-chairman AdAsia2011 met the Advertising Association of Pakistan (AAP) as part of a series of international road-shows being currently held across
Published 15 Aug, 2011 12:00am
Condolence

Condolence

President Pakistan Islamic Medical Association (PIMA), Dr Salman Ghouri and General Secretary, Dr Abdul Malik expressed deep sorrow and grief over the sad demises of wife of Chairman Hilton Pharma Private Limited, Sardar Yaseen Malik and mother of Patron-
Published 15 Aug, 2011 12:00am
Change of guard at Mazar-e-Quaid

Change of guard at Mazar-e-Quaid

The ceremony for change of guard was held at Mazar-e-Quaid on morning of Independence Day on Sunday. The change of guard started at 8 in the morning. The cadets of Pakistan Navy assumed the guard duties at the mausoleum of the Founder of Pakistan, Quaid-e
Published 15 Aug, 2011 12:00am
Exhibition displaying rare photos of Quaid organised

Exhibition displaying rare photos of Quaid organised

An exhibition of rare photographs of Founder of the Nation, Quaid-i-Azam Muhammad Ali Jinnah and Pakistan Movement Leaders is continuing here at Aiwan-i-Quaid till August 16 in connection with Independence Day celebrations.
Published 15 Aug, 2011 12:00am
MQM to return to treasury benches soon: Wasan

MQM to return to treasury benches soon: Wasan

Sindh Home Minister, Manzoor Hussain Wasan, on Sunday said Muttahida Qaumi Movement (MQM), would return to the government within next four to five days. He was talking to media during his visit to the mausoleum of father of the nation, Quaid-e-Azam Mohamm
Published 15 Aug, 2011 12:00am
Wahgah border: Rangers offer sweets to Indian BSF

Wahgah border: Rangers offer sweets to Indian BSF

Pak Rangers offered sweets to Indian guards at Wahgah check post on the occasion of Independence Day of Pakistan on Sunday. Pakistan Rangers Director General Mian Muhammad Hilal Hussain offered sweets to Indian Border Security Force (BSF) Deputy Inspector
Published 15 Aug, 2011 12:00am
Wall Street Weekahead: anxious investors look for calm

Wall Street Weekahead: anxious investors look for calm

Shell-shocked stock investors will search next week for calm to return to markets after the worst three weeks for stocks in 2 1/2 years. With the blow from the August 5 US credit rating downgrade behind them, investors will focus on the outlook for the US
Published 15 Aug, 2011 12:00am
China says hit by 500,000 cyberattacks in 2010

China says hit by 500,000 cyberattacks in 2010

China said on August 9 it was hit by nearly 500,000 cyberattacks last year, about half of which originated from foreign countries including the United States and India. The news comes just days after US firm McAfee said it had uncovered a massive global c
Published 15 Aug, 2011 12:00am
Weather 'tweets' sprinkled in with forecasts

Weather 'tweets' sprinkled in with forecasts

The Weather Channel on August 11 added Twitter comments about local conditions to forecasts broadcast to computers, televisions, and mobile devices. "Twitter gives voice and context to the topics people are most interested in, and everyone is interested i
Published 15 Aug, 2011 12:00am
Smooth talk a slick hacker tool

Smooth talk a slick hacker tool

Hackers at DefCon have long understood that there is no patch for human stupidity. Skills honed by software renegades at the renowned hacker gathering that ended Sunday included the art of talking workers into revealing information that can be used to cra
Published 15 Aug, 2011 12:00am
No charges for iPhone 4 prototype bloggers

No charges for iPhone 4 prototype bloggers

Prosecutors on Apple's home turf have decided not to pursue criminal charges against Gizmodo technology bloggers who got hold of a lost iPhone 4 prototype.
Published 15 Aug, 2011 12:00am
Apple crowned world's most valuable company

Apple crowned world's most valuable company

Culture-changing technology outshined crude oil on August 10 with iPhone and iPad maker Apple eclipsing ExxonMobil as the most valuable company in the world based on the value of its stock. Despite an overall dismal day on the stock exchange, Apple ended
Published 15 Aug, 2011 12:00am
App educates parents about teen digital dating abuse

App educates parents about teen digital dating abuse

A new iPhone app launched last week is designed to educate parents about teen dating abuse and violence, and how to get help to combat it. The app, Love is Not Abuse, shows how teenagers can use technology such as cell phones and social networking sites t
Published 15 Aug, 2011 12:00am
Visa to speed up migration to mobile wallet

Visa to speed up migration to mobile wallet

Visa Inc said it would accelerate the move to chip technology and speed up the use of mobile payments in the United States, as the world's largest payment processor tries to corner a share in the nascent smartphone payments market.
Published 15 Aug, 2011 12:00am
Quantum super-computing sees microwave breakthrough

Quantum super-computing sees microwave breakthrough

Physicists in the United States on August 10 notched up a lab success in the quest for quantum computers, whose stellar capacities have already earned them the nickname of "super-computers on steroids." Atoms can be excited to a quantum condition using mi
Published 15 Aug, 2011 12:00am
Sprint ditches 4G model of RIM PlayBook

Sprint ditches 4G model of RIM PlayBook

Sprint Nextel Corp has scrapped plans to sell a high-speed version of Research In Motion Ltd's PlayBook tablet because of slack demand, delivering another blow to BlackBerry phone maker. Eight months after being announced as the first operator to partner
Published 15 Aug, 2011 12:00am
Sony, Panasonic, Samsung in 3D glasses deal

Sony, Panasonic, Samsung in 3D glasses deal

Japan's Sony and Panasonic and South Korea's Samsung Electronics said on August 9 they will jointly develop new standards for glasses used to watch 3D images on television, computer and movie screens.
Published 15 Aug, 2011 12:00am
German hackers crack mobile phone GPRS code

German hackers crack mobile phone GPRS code

A Berlin security firm has cracked the encryption code for some mobile phones using the Internet, German newspaper Handelsblatt reported on August 10, citing the company's chief.
Published 15 Aug, 2011 12:00am
Facebook launches mobile messaging app

Facebook launches mobile messaging app

Facebook launched a mobile messaging application on August 9 for Apple's iPhone and Android devices. Facebook engineer Lucy Zhang said Facebook Messenger can be used to exchange messages with Facebook friends but also with other people in a user's telepho
Published 15 Aug, 2011 12:00am
HTC invests $300 million to make phones sound as good as look

HTC invests $300 million to make phones sound as good as look

Leading smartphone maker HTC has invested 300 million dollars in Beats Electronics, hoping that the high-end headphones company founded by rap mogul Dr Dre can help make phones sound as good as they look, the companies said Thursday.
Published 15 Aug, 2011 12:00am
Inter Continental Hotels profits rise

Inter Continental Hotels profits rise

InterContinental Hotels Group said on August 09 that its net profits climbed 11 percent to $156 million (109 million euros) in the first six months of 2011 on sales growth in China and the United States.
Published 15 Aug, 2011 12:00am
Inter Continental Hotels profits rise

Inter Continental Hotels profits rise

InterContinental Hotels Group said on August 09 that its net profits climbed 11 percent to $156 million (109 million euros) in the first six months of 2011 on sales growth in China and the United States.
Published 15 Aug, 2011 12:00am
GM to reopen Indonesian plant

GM to reopen Indonesian plant

General Motors said on August 12 it will invest $150 million to reactivate its Bekasi manufacturing plant in West Java, Indonesia in a move that will create more than 800 new jobs. The 27-acre (11-hectare) plant will begin production of a new line of vehi
Published 15 Aug, 2011 12:00am
Air India names new chairman

Air India names new chairman

The Indian government has named a new chairman for cash-strapped Air India which has been battling massive losses and fierce competition from private airlines, the airline said on August 12.
Published 15 Aug, 2011 12:00am
Nestle posts 13.7 percent drop in first half profit

Nestle posts 13.7 percent drop in first half profit

The world's biggest food company Nestle posted on August 10 a 13.7 percent fall in first half net profit to 4.7 billion francs ($6.5 billion, 4.5 billion euros), hurt by the strong Swiss franc against most major currencies.
Published 15 Aug, 2011 12:00am
Nestle posts 13.7 percent drop in first half profit

Nestle posts 13.7 percent drop in first half profit

The world's biggest food company Nestle posted on August 10 a 13.7 percent fall in first half net profit to 4.7 billion francs ($6.5 billion, 4.5 billion euros), hurt by the strong Swiss franc against most major currencies.
Published 15 Aug, 2011 12:00am
Coal India quarterly profit jumps

Coal India quarterly profit jumps

Coal India Ltd, the world's biggest coal miner, has announced a better-than-expected 64 percent jump in first-quarter net profit on the back of robust demand and price rises.
Published 15 Aug, 2011 12:00am
GDF Suez inks 2.9 billion euro Asia investment deal

GDF Suez inks 2.9 billion euro Asia investment deal

French energy group GDF Suez announced on August 10 an alliance with Chinese sovereign wealth fund CIC, which will invest 2.9 billion euros to help the company boost expansion in Asia-Pacific and China. GDF Suez confirmed the deal as it reported a 7.9 per
Published 15 Aug, 2011 12:00am
Honda to open new Mexico plant

Honda to open new Mexico plant

Japanese automaker Honda announced plans on August 12 to build a new plant in Mexico that will employ 3,200 people and build fuel-efficient subcompact vehicles for the Mexican, US and Canadian markets. Honda will invest $800 million to build the plant, wh
Published 15 Aug, 2011 12:00am
New China Life to raise $4 billion in Hong Kong and Shanghai

New China Life to raise $4 billion in Hong Kong and Shanghai

New China Life Insurance may raise as much as $4 billion in a dual Hong Kong-Shanghai listing, despite turmoil on global stock markets that has seen some firms shelve their flotation plans. China's third-largest insurer has filed a formal application with
Published 15 Aug, 2011 12:00am
No plan to expand short-selling ban: ESMA

No plan to expand short-selling ban: ESMA

The chairman of the European Securities and Markets Authority (ESMA) said while there was no plan to extend a ban on short-selling financial stocks to other countries, such a move could not be ruled out.
Published 15 Aug, 2011 12:00am
No plan to expand short-selling ban: ESMA

No plan to expand short-selling ban: ESMA

The chairman of the European Securities and Markets Authority (ESMA) said while there was no plan to extend a ban on short-selling financial stocks to other countries, such a move could not be ruled out.
Published 15 Aug, 2011 12:00am
GM chief sees chance of new recession

GM chief sees chance of new recession

General Motors' chairman Dan Akerson is worried at the chances of another economic recession, he said on August 11 in an interview with the Financial Times Deutscheland. "There is a danger of a new recession and I see it with concern," Akerson was quoted
Published 15 Aug, 2011 12:00am
Fate of Brazil bank shares hangs on default controls

Fate of Brazil bank shares hangs on default controls

As the outlook for economic growth in Brazil cools, banks that kept the quality of their loans sound in the second quarter are likely to see their shares rebound faster than those of rivals grappling with rising loan delinquencies. Second-quarter results
Published 15 Aug, 2011 12:00am
Serbia plans autumn Eurobond issue

Serbia plans autumn Eurobond issue

Serbia plans to go ahead with its first Eurobond this autumn and is committed to meeting its 2011 budget deficit target of 4.1 percent of GDP but still needs a stand-by loan from the IMF as a buffer, Deputy Prime Minister Bozidar Djelic told Reuters on Th
Published 15 Aug, 2011 12:00am
Serbia plans autumn Eurobond issue

Serbia plans autumn Eurobond issue

Serbia plans to go ahead with its first Eurobond this autumn and is committed to meeting its 2011 budget deficit target of 4.1 percent of GDP but still needs a stand-by loan from the IMF as a buffer, Deputy Prime Minister Bozidar Djelic told Reuters on Th
Published 15 Aug, 2011 12:00am
After market chaos, Japan expects cautious trade

After market chaos, Japan expects cautious trade

After a rollercoaster week on global financial markets, Japanese investors will take a cautious stance and seek to trade in a tight range after the opening bell rings next week, brokers said. In the week to August 12, the Nikkei index on the Tokyo Stock E
Published 15 Aug, 2011 12:00am
Algeria suicide attack wounds 29

Algeria suicide attack wounds 29

A suicide bomber attacked a police headquarters in the centre of the Algerian city of Tizi Ouzou on Sunday, injuring 29 people, the official APS news agency reported. The attacker tried to drive a pick-up truck packed with explosives into the police headq
Published 15 Aug, 2011 12:00am
Cameron rows with police over 'zero tolerance' strategy

Cameron rows with police over 'zero tolerance' strategy

British Prime Minister David Cameron pledged Sunday a "zero tolerance" crackdown on street gangs after recent riots, fuelling a row with police over plans for the US "supercop" behind the tough strategy.
Published 15 Aug, 2011 12:00am
Iran plans nuclear link-up in late August

Iran plans nuclear link-up in late August

Iran's first nuclear power plant, built by Russia, will be connected to the national grid in late August, atomic chief Fereydoon Abbasi Davani told the Arabic-language network Al-Alam on Sunday.
Published 15 Aug, 2011 12:00am
Proposed Jordan reforms to strengthen parliament

Proposed Jordan reforms to strengthen parliament

Jordan's King Abdullah has backed proposals for constitutional reforms to devolve some of his powers to parliament and enhance civil liberties, palace officials said on Sunday.
Published 15 Aug, 2011 12:00am
Libyan rebels fly flag over key town near Tripoli

Libyan rebels fly flag over key town near Tripoli

Libyan rebels raised their flag over a strategic town near Tripoli on Sunday after their most dramatic advance in months cut off Muammar Qadhafi's capital from its main link to the outside world.
Published 15 Aug, 2011 12:00am
26 dead as Syrian ships, tanks blast city

26 dead as Syrian ships, tanks blast city

Syrian military vessels joined an assault that killed 26 people on Sunday in the port city of Latakia, activists said, the first attack from the sea since an anti-regime revolt erupted in March. But the state-run news agency SANA denied that the navy had
Published 15 Aug, 2011 12:00am
English city stages peace rally after deadly riots

English city stages peace rally after deadly riots

Community groups held a peace rally Sunday in England's second-largest city against the hit-and-run attack that claimed three lives during rioting in Birmingham. Scores of people gathered in the neighbourhood where three Muslim men Haroon Jahan, 20, and b
Published 15 Aug, 2011 12:00am
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