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Print - 2011-08-20
FBR representative groups agree to call off strike

FBR representative groups agree to call off strike

A meeting was convened at FBR HQ Islamabad between FBR senior management and the representative groups of agitating FBR employees comprising Mian Abdul Qayyum, Rashid Shah, Munir Faizi, Muhammad Mateen Ullah, Amir Haider, Pervez Ahmed, Babar Khan, Shahraz
Published 20 Aug, 2011 12:00am
HBL's profit after tax increases to Rs 9.287 billion

HBL's profit after tax increases to Rs 9.287 billion

The profit after tax (unconsolidated) of Habib Bank Limited (HBL) has increased to Rs 9.287 billion in the half year period ended June 30, 2011 as compared to Rs 7.423 billion earned in the corresponding period in 2010. The board of directors of the bank
Published 20 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Aug, 2011 12:00am
HBL''s profit after tax increases to Rs 9.287 billion

HBL''s profit after tax increases to Rs 9.287 billion

The profit after tax (unconsolidated) of Habib Bank Limited (HBL) has increased to Rs 9.287 billion in the half year period ended June 30, 2011 as compared to Rs 7.423 billion earned in the corresponding period in 2010. The board of directors of the bank
Published 20 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Aug, 2011 12:00am
HBL''''s profit after tax increases to Rs 9.287 billion

HBL''''s profit after tax increases to Rs 9.287 billion

The profit after tax (unconsolidated) of Habib Bank Limited (HBL) has increased to Rs 9.287 billion in the half year period ended June 30, 2011 as compared to Rs 7.423 billion earned in the corresponding period in 2010. The board of directors of the bank
Published 20 Aug, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
US missile strike kills four

US missile strike kills four

At least four people were killed Friday when an airstrike from a US drone struck a compound in Burmal area of South Waziristan, an intelligence official said. The missile strike took place in the Burmal area of South Waziristan, one of the seven tribal di
Published 20 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Friday (August 19, 2011) and the forecast for Saturday (August 20, 2011).

Published 20 Aug, 2011 12:00am
US missile strike kills four

US missile strike kills four

At least four people were killed Friday when an airstrike from a US drone struck a compound in Burmal area of South Waziristan, an intelligence official said. The missile strike took place in the Burmal area of South Waziristan, one of the seven tribal di
Published 20 Aug, 2011 12:00am
Japan Prime Minister drops plan to visit US for summit talks

Japan Prime Minister drops plan to visit US for summit talks

Japan's prime minister, under pressure to resign within weeks, has declined Washington's invitation for a visit to hold talks with President Barack Obama next month. Chief Cabinet Secretary Yukio Edano announced the decision Friday, citing ``Japan's polit
Published 20 Aug, 2011 12:00am
Japan Prime Minister drops plan to visit US for summit talks

Japan Prime Minister drops plan to visit US for summit talks

Japan's prime minister, under pressure to resign within weeks, has declined Washington's invitation for a visit to hold talks with President Barack Obama next month. Chief Cabinet Secretary Yukio Edano announced the decision Friday, citing ``Japan's polit
Published 20 Aug, 2011 12:00am
Youm-e-Ali: Sindh police directed to provide airtight security

Youm-e-Ali: Sindh police directed to provide airtight security

Chief Minister Sindh, Syed Qaim Ali Shah has directed the Home Minister Sindh, Sindh police chief and DG Rangers for providing airtight security on Youm-e-Shahadat Hazrat Ali (RA) across the province. He asked the home minister, DIG Police and DG Rangers
Published 20 Aug, 2011 12:00am
Lecture on Ramazan at ICMAP today

Lecture on Ramazan at ICMAP today

The Karachi Branch Council (KBC) under the aegis of Institute of Cost and Management Accountants of Pakistan (ICMAP) is organising a lecture on "Ramazan, Pakistan and our responsibilities" at the ICMAP head office here on August 20. Maulana Attaullah, Sha
Published 20 Aug, 2011 12:00am
DIK flood protection wall constructed

DIK flood protection wall constructed

The political administration of FR D.I.Khan (DIK) has constructed flood protection wall at Khannak Kach area in a short period of time, which will benefit about 500 individuals of the area. The flood protection wall is not only protecting areas of fertile
Published 20 Aug, 2011 12:00am
Asma suggests non-confrontational policy for judiciary, executive

Asma suggests non-confrontational policy for judiciary, executive

The President of Pakistan Supreme Court Bar Association, Aasma Jehangir, has called for non-confrontational policy for the judiciary and the executive for flourishing the democratic system. She was addressing media persons at Kashmir Press Club here late
Published 20 Aug, 2011 12:00am
Abbasi Hospital to start kidney transplantation soon

Abbasi Hospital to start kidney transplantation soon

Abbasi Shaheed Hospital (ASH) being run under City District Government Karachi (CDGK) to start facility of kidney transplantation soon It is reliably learned here on Friday. In charge of Kidney Ward ASH Professor Waqar Kazmi said that Abbasi Shaheed Hospi
Published 20 Aug, 2011 12:00am
Karachi University announces B Com Part-I results

Karachi University announces B Com Part-I results

Karachi University (KU) announced the results of B.Com Part-I (External Candidates) Annual Examination 2010 on Friday. As per statistics, as many as 8137 candidates were registered out of which 7483 appeared in the examination, while 949 declared passed w
Published 20 Aug, 2011 12:00am
Al Ghazi Tractors's profit up 13.45 percent

Al Ghazi Tractors's profit up 13.45 percent

The profit after tax of Al Ghazi Tractors has increased to Rs 1,131.964 million in the half year period ended June 30, 2011 as compared to Rs 997.805 million earned in the corresponding period in 2010. The board of directors of the company in its meeting
Published 20 Aug, 2011 12:00am
Al Ghazi Tractors's profit up 13.45 percent

Al Ghazi Tractors's profit up 13.45 percent

The profit after tax of Al Ghazi Tractors has increased to Rs 1,131.964 million in the half year period ended June 30, 2011 as compared to Rs 997.805 million earned in the corresponding period in 2010. The board of directors of the company in its meeting
Published 20 Aug, 2011 12:00am
Contracts of 35 employees of SMI College extended for two years

Contracts of 35 employees of SMI College extended for two years

The Sindh Government has issued notification to extend the contracts of 35 employees of Sindh Madersa-tul-Islam SMI College for two years. This was said by the SMI College Principal Dr Muhammad Ali Shaikh on Friday while addressing the meeting of faculty
Published 20 Aug, 2011 12:00am
Outlaw groups gunfire forces traders to shut businesses

Outlaw groups gunfire forces traders to shut businesses

A fresh incident of gunfire that left a trader injured in the old city area market on Friday spoiled business activities badly and created widespread fears, forcing traders to shut their businesses much before the sunset.
Published 20 Aug, 2011 12:00am
Violence in Karachi: shoppers frightened of going out for shopping

Violence in Karachi: shoppers frightened of going out for shopping

The enthusiasm, which is usually witnessed among the people for Eid shopping during second half of Ramazan, is missing as the shoppers are frightened to go out because of poor law and order situation. The Law Enforcement Agencies (LEAs) appear helpless in
Published 20 Aug, 2011 12:00am
Two minor female siblings drowned in open water tank

Two minor female siblings drowned in open water tank

At least two minor female siblings were drowned in a water tank of the house in the limits of Surjani police station on Friday. According to the police and rescue sources, the incident took place in a house (R-127) located at Rozee Goth in the remits of S
Published 20 Aug, 2011 12:00am
Flood-affected areas: NBP to establish free medical relief camps

Flood-affected areas: NBP to establish free medical relief camps

National Bank of Pakistan (NBP) in collaboration with People's Doctors' forum is organising flood medical relief camps in different flood affected areas of Sindh. The free medical relief camps are initially scheduled for ten days. This includes three days
Published 20 Aug, 2011 12:00am
PPCBL advances Rs 2.15 billion agriculture loans to farmers

PPCBL advances Rs 2.15 billion agriculture loans to farmers

Punjab Provincial Co-operative Bank Ltd (PPCBL) has advanced Rs 2.15 billion agriculture loans to the members of co-operative societies and small farmers for sowing and maturing the FY 2011-12 Kharif crops including cotton, rice, sugarcane, fodder, vegeta
Published 20 Aug, 2011 12:00am
President, Prime Minister condemn blast at Jamrud mosque

President, Prime Minister condemn blast at Jamrud mosque

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani on Friday expressed their deep shock and strongly condemned the suicide blast at a mosque in Jamrud that killed dozens of faithfuls. They termed it an abhorrent act and said they were s
Published 20 Aug, 2011 12:00am
Health cover plan evolved for Youm-e-Ali

Health cover plan evolved for Youm-e-Ali

The Punjab Health Department has chalked out comprehensive health cover plan to provide efficient medical cover to the participants of procession on the eve of martyrdom day of Hazrat Ali (RA) on August 22. The management of all the government hospitals h
Published 20 Aug, 2011 12:00am
25 new power projects approved

25 new power projects approved

The Gilgit-Baltistan government has approved 25 new thermal power projects in different districts, which will boost the power generation capacity thus reducing loadshedding in the region. This was stated by Gilgit-Baltistan Minister for Law Wazir Shakeel,
Published 20 Aug, 2011 12:00am
Zardari condoles death of journalist's mother

Zardari condoles death of journalist's mother

President Asif Ali Zardari on Friday expressed deep grief over the death of mother of Ansar Abbasi, senior Editor Investigation of a national daily. The President in a message condoled with Ansar Abbasi and prayed for the departed soul to rest in peace an
Published 20 Aug, 2011 12:00am
Bahria Town: Nadra asked to stop issuing illegal CNICs

Bahria Town: Nadra asked to stop issuing illegal CNICs

The Supreme Court (SC) Friday directed National Database Registration Authority (Nadra) to stop issuing illegal Computerised National Identity Cards (CNICs) in Bahria Town and its surroundings. Bahria Town is owned by land developer Malik Riaz.
Published 20 Aug, 2011 12:00am
NADRA closes its Swan office

NADRA closes its Swan office

National Database and Registration Authority (NADRA) closed its office located in Swan area near Behria Town in compliance with the Supreme Court of Pakistan's orders. A registration office of NADRA Provincial Headquarters was operating in Swan area of Ra
Published 20 Aug, 2011 12:00am
Chaos in Karachi to mar future of democracy: Imran

Chaos in Karachi to mar future of democracy: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman, Imran Khan on Friday warned that present chaos in Karachi, which has brought life to stand-still in the country, must be reined in or it will mar the future of democracy. The PTI chief, condemning the ongoing civil
Published 20 Aug, 2011 12:00am
Nawaz concerned over Karachi situation

Nawaz concerned over Karachi situation

Pakistan Muslim League-Nawaz (PML-N) President and former Prime Minister Mian Nawaz Sharif has expressed grave concern over deteriorating law and order situation in Karachi. In a statement, Nawaz said security institutions must apprise the parliament abou
Published 20 Aug, 2011 12:00am
Armed robbers kill two persons

Armed robbers kill two persons

Two persons died and four others injured when armed robbers entered a money changers shop at Raja Bazar in downtown Rawalpindi and resorted to indiscriminate firing. The two injured, who showed resistance to the dacoits, succumbed to injuries, as City Pol
Published 20 Aug, 2011 12:00am
Hajj training programme for intending pilgrims after Eid

Hajj training programme for intending pilgrims after Eid

Ministry of Religious Affairs will arrange training session for intending pilgrims after Eid-ul-Fitr and training session called in National Press Club last day has no link with the Ministry. An official of Ministry of Religious Affairs told APP, "We will
Published 20 Aug, 2011 12:00am
Food packages distributed among flood victims

Food packages distributed among flood victims

The Pakistan Red Crescent Society (PRCS) with assistance of Swiss Red Cross have distributed food packages among flood affected families of Charsadda district under Food for Work project. According to press release here on Friday, the edible items includi
Published 20 Aug, 2011 12:00am
Egypt Ambassador pays farewell call on President

Egypt Ambassador pays farewell call on President

The outgoing Ambassador of Arab Republic of Egypt to Pakistan Magdy Mahmoud Helmy Amer paid a farewell call on President Asif Ali Zardari at Aiwan-e-Sadr on Friday. While discussing Pak- Egypt relations, the President said that Pakistan values its cordial
Published 20 Aug, 2011 12:00am
13 drowned in hill torrent flood in DG Khan

13 drowned in hill torrent flood in DG Khan

A minibus type carrier swept away in the flood of hill torrent at Fazila Kachh (Taunsa Sharif) in Dera Ghazi Khan on Thursday evening. According to details, 25 passengers were on way to their home on this vehicle, when it swept away in floodwater when its
Published 20 Aug, 2011 12:00am
Shawal moon sighting on August 30

Shawal moon sighting on August 30

The Central and Zonal Ruet-e-Hilal committees would meet on August 30 (29th of Ramazan-ul-Mubarak) in their respective headquarters for sighting the crescent moon of Shawal. Chairman Central Ruet-e-Hilal Committee will attend the meeting of Sindh Zonal Ru
Published 20 Aug, 2011 12:00am
Pakistan third on external debt list in region

Pakistan third on external debt list in region

Pakistan has been listed as the third country in the region in terms of the highest external debt, after Sri Lanka and Nepal, but is comparatively on the lower side in the list of sovereign states by public debt in 2010. According to the Finance Ministry'
Published 20 Aug, 2011 12:00am
Fehmida urges international humanitarian bodies to help flood victims

Fehmida urges international humanitarian bodies to help flood victims

Speaker National Assembly Dr Fehmida Mirza has urged upon the International humanitarian agencies, philanthropic organisations and affluent segments of society to immediately come forward and help the rain and flood affectees in Badin and other areas.
Published 20 Aug, 2011 12:00am
Taj Haider pays tribute to Waja Karimdad

Taj Haider pays tribute to Waja Karimdad

Pakistan Peoples Party (PPP) Sindh General Secretary Taj Haider on Friday said the path to progressive politics was always difficult and torturous however, Waja Karimdad was one who always stood against dictatorship and followed path of democracy.
Published 20 Aug, 2011 12:00am
Prominent businessmen attend US CG Iftar dinner

Prominent businessmen attend US CG Iftar dinner

Consul General US Carmela A. Conroy hosted an Iftar Dinner at her residence for prominent citizens of Lahore, which was also attended by the business leaders.
Published 20 Aug, 2011 12:00am
Managing committee of KCCI: BMG Group wins all 15 seats unopposed

Managing committee of KCCI: BMG Group wins all 15 seats unopposed

The Business-men Group (BMG), of Siraj Kassim Teli has won unopposed all 15 seats of managing committee of Karachi Chamber of Commerce and Industry (KCCI) for the year 2011-12. The election committee of KCCI had received total 15 nomination papers, agains
Published 20 Aug, 2011 12:00am
Power situation gets tense with rise in mercury

Power situation gets tense with rise in mercury

Power situation got tensed during last 24 hours with increase in power shortfall to 3762MW, perturbing the domestic consumers on Sehri and Iftar. Demand for power shoot up by 1000MW with increase in mercury from 17519MW to18541MW, pushing the total shortf
Published 20 Aug, 2011 12:00am
PRCS distributes food package among victims

PRCS distributes food package among victims

Pakistan Red Crescent Society (PRCS) with assistance of Swiss Red Cross has distributed food packages among flood affected families of Charsadda district under Food for Work project. According to press release here on Friday, the edible items including At
Published 20 Aug, 2011 12:00am
Madness and mayhem

Madness and mayhem

For many months now for the 20 million residents of Karachi there is neither peace nor security, as violence erupts every other day taking heavy toll of life mainly of the innocent wayfarers. Then there are targeted-killings of political and ethnic rivals
Published 20 Aug, 2011 12:00am
An agreement at last

An agreement at last

It has been reported exclusively by Business Recorder that there has been a breakthrough between the Federal Board of Revenue (FBR) and the Sindh Revenue Board (SRB) in the long simmering dispute over who would collect sales tax in the province.
Published 20 Aug, 2011 12:00am
Economics that do not make a difference

Economics that do not make a difference

The world is in recession, the stock markets are not working, globalisation is in turmoil, the German economy is not growing, and the French economy is in stagnation. It does not matter. What happens to Italy, to Spain, to the US, to any country anywhere?
Published 20 Aug, 2011 12:00am
Sorry IMF, we are incorrigible - II

Sorry IMF, we are incorrigible - II

The rich and influential in Pakistan are not taxed according to their capacity to pay. Adding insult to injury, they enjoy many benefits and luxuries at the expense of the taxpayers' money. Just take a look at the huge golf clubs in the cantonment areas -
Published 20 Aug, 2011 12:00am
After the riots, gang and knife crime top London agenda

After the riots, gang and knife crime top London agenda

The pattern tends to be the same: A body slumped on a park bench, fatally injured by stab wounds, as passers-by turn a blind eye. Next, the spot is covered in bunches of flowers and notes of sympathy. In a north London park this week, 14-year-old Leroy Ja
Published 20 Aug, 2011 12:00am
Karachi bleeds

Karachi bleeds

Every individual and every family are seriously concerned at what is happening in the city of teeming millions. The city has been witnessing that people, innocent people in most of the cases, are being kidnapped, tortured, shot, stuffed in sacks and dumpe
Published 20 Aug, 2011 12:00am
Zardari, Altaf discuss Karachi situation

Zardari, Altaf discuss Karachi situation

A telephonic conversation was held between President Asif Ali Zardari and Muttahida Quami Movement (MQM) chief Altaf Hussain on Friday. The law-and-order situation in Karachi came under discussion during the conversation and both the leaders strongly cond
Published 20 Aug, 2011 12:00am
Pakistan, Sri Lanka review bilateral trade

Pakistan, Sri Lanka review bilateral trade

Pakistan and Sri Lanka reviewed several bilateral trade aspects and focused on the possibility of mutual tariff concessions entitlement on selected items, says a press release received here from Sri Lanka on Friday. The Secretarial level meeting and talks
Published 20 Aug, 2011 12:00am
Kidnapped US national involved in intelligence gathering

Kidnapped US national involved in intelligence gathering

The US national, who had been kidnapped by unidentified gunmen from his residence in Lahore at the weekend, was engaged in intelligence gathering, a provincial minister said in comments on Thursday, says IRNA. No group has claimed responsibility for the a
Published 20 Aug, 2011 12:00am
Low flood in River Sutlej passes through Ganda Singh Wala

Low flood in River Sutlej passes through Ganda Singh Wala

The second wave of 48,100 cusecs water in River Sutlej passed through Ganda Singh Wala in Kasur district on Friday, as India discharged more water from its barrages and dams into the river. District Co-ordination Officer Syed Irshad Shah said that the dis
Published 20 Aug, 2011 12:00am
Pakistan, Indian parliamentarians for peace, security, stability

Pakistan, Indian parliamentarians for peace, security, stability

The parliamentarians from India and Pakistan have urged their countries to establish peace, security and stability. The parliamentarians of the two countries issued a joint statement after their two-day dialogue in New Delhi on August 18-19, 2011. The tex
Published 20 Aug, 2011 12:00am
Haraj's resignation: PML-Q spokesman denies reports

Haraj's resignation: PML-Q spokesman denies reports

A spokesman of the Pakistan Muslim League-Q (PML-Q) has strongly rebutted a news item appearing in a section of the press regarding resignation of Raza Hayat Haraj, Minister of State for Housing & Works. The PML spokesman, refuting the said news item, sta
Published 20 Aug, 2011 12:00am
Election petition against PML-N MNA adjourned

Election petition against PML-N MNA adjourned

The Lahore High Court acting as election tribunal adjourned till August 24 the proceedings in an election petition filed against PML-N MNA Javed Latif as petitioner's counsel did not appear before the court. The petitioner a rival candidate Malik Mushtaq
Published 20 Aug, 2011 12:00am
PTCL workers continue protest

PTCL workers continue protest

United Workers Alliance PTCL continued its protest camp for reinstatement of 83 union activists on The Mall in front of PTCL headquarters here on Friday. The camp was visited by several trade unions and representatives of political parties who assured the
Published 20 Aug, 2011 12:00am
Gohar Ejaz group clean sweeps APTMA elections

Gohar Ejaz group clean sweeps APTMA elections

Gohar Ejaz group has made a clean sweep for second consecutive year in All Pakistan Textile Mills Association (APTMA) annual elections for 2011-12. The sitting Gohar Ejaz group is likely to secure all 12 seats of Central Management Committee (CMC), as no
Published 20 Aug, 2011 12:00am
LHC allows girl to go with her mother

LHC allows girl to go with her mother

The Lahore High Court (LHC) allowed a girl Yasmeen to go with her mother, as she refused to live with his beloved. According to the details one Imran of Islampura had got married with Yasmeen against the wishes of her parents. Her father got registered a
Published 20 Aug, 2011 12:00am
UAF, PMC ink MoU on collaboration in different areas

UAF, PMC ink MoU on collaboration in different areas

The University of Agriculture, Faisalabad (UAF) and Punjab Medical College (PMC), Faisalabad inked a Memorandum of Understanding for their collaboration in the areas of research, academia, trainings, information dissemination, exchange of staff and studen
Published 20 Aug, 2011 12:00am
US provided Flash Flood Guidance System to Pakistan

US provided Flash Flood Guidance System to Pakistan

The United States has provided a Flash Flood Guidance System to Pakistan. The Flash Flood Guidance System for Pakistan has been developed by Hydrologic Research Center (HRC), USA through the collaboration among the World Meteorological Organisation (WMO),
Published 20 Aug, 2011 12:00am
Government directed to hold local bodies elections

Government directed to hold local bodies elections

A bar member has approached the Lahore High Court praying to direct the respondent government to hold local bodies elections. Petitioner Rana Illam Din Ghazi also prayed the court to direct the election commissioner to make all necessary steps for holding
Published 20 Aug, 2011 12:00am
LCCI Achievement Awards to be held today

LCCI Achievement Awards to be held today

Lahore Chamber of Commerce and Industry (LCCI) Achievement Awards ceremony will be held on Saturday (today). Top government officials, politicians, diplomats, bureaucrats and businessmen are expected to attend the ceremony. The Achievement Award is annual
Published 20 Aug, 2011 12:00am
Government urged to improve law, order situation in Karachi

Government urged to improve law, order situation in Karachi

The Lahore Chamber of Commerce & Industry has demanded of the government to take strict measures to control law and order situation in Karachi. President LCCI, Shahzad Ali Malik, Senior Vice President, Sheikh Mohammad Arshad and Vice President Sohail Azha
Published 20 Aug, 2011 12:00am
Telenor Pakistan reaches out to flood-affected people in Sindh

Telenor Pakistan reaches out to flood-affected people in Sindh

Responding promptly to the devastation caused by the recent floods in Sindh, Telenor Pakistan has announced an amount of Rs 45 million as immediate reliefs for the flood-affected people of the province. Through its implementing partner Pakistan Red Cresce
Published 20 Aug, 2011 12:00am
Around 3,900 faithful from Multan to observe Aitkaf

Around 3,900 faithful from Multan to observe Aitkaf

Around 3,900 faithful from Multan city and adjacent areas will observe Aitkaf at Ahmed Shah Abdali mosque and 230 other mosques starting from 20th of Ramazan. Auqaf department has asked the mosque administrations to provide the bio data of the Mo'takifeen
Published 20 Aug, 2011 12:00am
Shahbaz orders foolproof security on Yaum-e-Ali

Shahbaz orders foolproof security on Yaum-e-Ali

Punjab Chief Minister Muhammad Shahbaz Sharif has ordered foolproof security measures throughout the province on the occasion of Yaum-e-Ali(RA). He directed police and other law-enforcement agencies to remain alert and senior police officer should pay fie
Published 20 Aug, 2011 12:00am
PIAC incurred 55.7 percent operating loss in 2009: AGP

PIAC incurred 55.7 percent operating loss in 2009: AGP

The Pakistan International Airlines Corporation (PIAC) is facing a loss in eight out of nine routes and around 55.7 percent (Rs 41.46 billion) loss in 2009, the Audit General of Pakistan said in its audit report-2010-11. According to the audit report, PIA
Published 20 Aug, 2011 12:00am
Pak-Polish cooperation in oil and gas sector extended

Pak-Polish cooperation in oil and gas sector extended

Dr Asim Hussain, Federal Minister for Petroleum and Natural Resources has appreciated the co-operation extended by Polish Government in the Oil and Gas Sector. He was talking to the Polish Economy Minister and Secretary of State of Ministry of Foreign Aff
Published 20 Aug, 2011 12:00am
Nadal, Djokovic, Federer advance to quarters

Nadal, Djokovic, Federer advance to quarters

Top seed Novak Djokovic breezed through his third round match Thursday but world No 2 Rafael Nadal was pushed to the limit before he reached the quarter-finals of the Cincinnati Masters. Nadal extended his perfect record against Fernando Verdasco but need
Published 20 Aug, 2011 12:00am
Euro, commodity currencies down in Asia

Euro, commodity currencies down in Asia

The euro and commodity currencies such as the Australian dollar came under pressure on Friday after a raft of weak US economic data and concerns about European banks sent skittish investors piling into US Treasuries and away from stocks. Mounting fears of
Published 20 Aug, 2011 12:00am
Euro reverses losses in London

Euro reverses losses in London

The euro recovered early losses on Friday in thin trade, gaining momentum on stop-loss selling, but remained at risk of coming under renewed pressure from a darkening global economic outlook and worries the eurozone banking sector could face more funding
Published 20 Aug, 2011 12:00am
Midday trade in New York: dollar plunges to all-time low versus yen

Midday trade in New York: dollar plunges to all-time low versus yen

The euro rebounded on Friday as an early sell-off lost steam on central bank demand and technical buying, although the currency was vulnerable due to fears about eurozone banks and a gloomy global outlook. In midday New York trading, the euro was up 0.5 p
Published 20 Aug, 2011 12:00am
Dollar, yen up in New York

Dollar, yen up in New York

The dollar and Japanese yen rose broadly on Thursday as investors stampeded into safe-haven currencies on signs of a weakening US economy and concerns over European banks' exposure to eurozone debt. A deluge of dismal US economic data and eurozone fears r
Published 20 Aug, 2011 12:00am
Swiss franc rises

Swiss franc rises

The Swiss franc rose against both the euro and the dollar on Friday as growing signs of a slowdown in the US economy and concerns some European banks may face short-term funding stress sapped investor appetite for risky assets. The franc rose 0.6 percent
Published 20 Aug, 2011 12:00am
Yuan lower

Yuan lower

The yuan closed down against the dollar on Friday as traders said a weaker-than-expected central bank fixing sparked a wave of short covering in dollars, although the market was still confident in continued yuan appreciation in the near term. Spot yuan cl
Published 20 Aug, 2011 12:00am
Won down for fourth week, debt woes hit Asian FX

Won down for fourth week, debt woes hit Asian FX

The South Korean won slid for a fourth consecutive week as investment banks and hedge funds on Friday cut exposure in emerging Asian currencies on mounting concerns of a slowing global economy and European debt crisis. The won and its peers are expected t
Published 20 Aug, 2011 12:00am
Dollar funding costs rebound

Dollar funding costs rebound

Dollar funding costs for eurozone banks rose on Friday on fears that a bleak economic outlook in the United States and the spreading eurozone debt crisis could take a heavy toll on the region's banking sector. Investors sought dollars via FX swaps while s
Published 20 Aug, 2011 12:00am
Australian and New Zealand dollars give ground

Australian and New Zealand dollars give ground

The Australian and New Zealand dollars dropped to one-week lows on Friday as investors avoided risky assets for the safety of bonds after dire US data raised the spectre of world recession while concerns about European banks mounted. Australian government
Published 20 Aug, 2011 12:00am
UEFA launches proceedings against Wenger

UEFA launches proceedings against Wenger

Arsene Wenger faces a disciplinary hearing for allegedly breaching the terms of his touchline ban during the Gunners' 1-0 Champions League win over Udinese, UEFA confirmed on Friday. Wenger, who was banished to the stands for Tuesday's tie as a result of
Published 20 Aug, 2011 12:00am
Bell and Pietersen torment India

Bell and Pietersen torment India

Ian Bell's purple patch continued with an unbeaten century against India that left England well placed on 296 for two at tea on the second day of the fourth and final Test at The Oval here on Friday. Bell was 114 not out and Kevin Pietersen not far off hi
Published 20 Aug, 2011 12:00am
Three other Lebanese attacks linked to Hariri murder

Three other Lebanese attacks linked to Hariri murder

Three other attacks on Lebanese politicians are being linked to the 2005 murder of the country's former prime minister Rafiq Hariri, the UN-backed tribunal probing his death said Friday. "Judge (Daniel) Fransen ruled confidentially on 5 August that the pr
Published 20 Aug, 2011 12:00am
US army to develop next-generation combat vehicle

US army to develop next-generation combat vehicle

The US Army said Thursday it had awarded nearly $900 million in contracts to British arms manufacturer BAE Systems and US firm General Dynamics to develop its next-generation ground combat vehicle. The Pentagon said it had given $450 million to BAE and $4
Published 20 Aug, 2011 12:00am
Russia plans orbiting hotel in space

Russia plans orbiting hotel in space

A hotel in orbit, lunar sightseeing flights and luxury rides into the cosmos - all are part of Russia's vision to ensure it is not left behind in the growing space tourism industry. Russian firms unveiled their plans at the country's premiere air show thi
Published 20 Aug, 2011 12:00am
Shoaib Malik cleared to play again

Shoaib Malik cleared to play again

Pakistan Cricket Board (PCB) on Friday cleared former captain Shoaib Malik over allegations of illegal earnings. The integrity committee of PCB, which met here on Friday with its chairman Ijaz Butt in the chair, cleared former skipper Shoaib Malik paving
Published 20 Aug, 2011 12:00am
Bangladesh finally beat Zimbabwe to break drought

Bangladesh finally beat Zimbabwe to break drought

Bangladesh made a long-awaited breakthrough in their ODI series against Zimbabwe by winning the fourth of five one-day internationals at Queens Sports Club on Friday. After bowling out the home side for 199, Bangladesh coasted home, scoring 203 for four a
Published 20 Aug, 2011 12:00am
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