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Print - 2011-08-29
Mirza's allegations are prima facie true: PML-N

Mirza's allegations are prima facie true: PML-N

PPP firebrand leader Zulfiqar Mirza's disclosure and allegations against the Interior Minister Rahman Malik and MQM are prima facie true as he said everything on oath, PML (N) spokesman Siddiqul Farooque told Business Recorder on telephone on Sunda
Published 29 Aug, 2011 12:00am
Nato service member killed

Nato service member killed

A government health worker and his driver were killed Sunday in a roadside bomb blast in northern Afghanistan, officials said. Dr Ahmad Jawed Karim and his driver hit an explosive as they were driving in Takhar provinc's Dahana Sangi district, the health
Published 29 Aug, 2011 12:00am
Swedbank continues buyback despite Finmin criticism

Swedbank continues buyback despite Finmin criticism

Swedish banking group Swedbank said on Sunday it would continue with a share buy-back programme despite heavy criticism from the country's finance minister, but said it would act responsibly if economic conditions worsened.
Published 29 Aug, 2011 12:00am
Swedbank continues buyback despite Finmin criticism

Swedbank continues buyback despite Finmin criticism

Swedish banking group Swedbank said on Sunday it would continue with a share buy-back programme despite heavy criticism from the country's finance minister, but said it would act responsibly if economic conditions worsened.
Published 29 Aug, 2011 12:00am
Swedbank continues buyback despite Finmin criticism

Swedbank continues buyback despite Finmin criticism

Swedish banking group Swedbank said on Sunday it would continue with a share buy-back programme despite heavy criticism from the country''s finance minister, but said it would act responsibly if economic conditions worsened.
Published 29 Aug, 2011 12:00am
London rocks to carnival beat despite riot fears

London rocks to carnival beat despite riot fears

London's colourful Notting Hill Carnival got off to a peaceful start on Sunday, defying fears that Europe's biggest street festival could be marred by a repeat of this month's devastating riots. The two-day, Caribbean-flavoured extravaganza draws up to a
Published 29 Aug, 2011 12:00am
London rocks to carnival beat despite riot fears

London rocks to carnival beat despite riot fears

London's colourful Notting Hill Carnival got off to a peaceful start on Sunday, defying fears that Europe's biggest street festival could be marred by a repeat of this month's devastating riots. The two-day, Caribbean-flavoured extravaganza draws up to a
Published 29 Aug, 2011 12:00am
Officials doubt al Qaeda operative dead

Officials doubt al Qaeda operative dead

Security officials expressed doubt on Sunday over reports from the United States that it had killed the al Qaeda second-in-command near the Afghan border. A senior US official said on Saturday that Atiyah abd al-Rahman had been killed in the north-west tr
Published 29 Aug, 2011 12:00am
Officials doubt al Qaeda operative dead

Officials doubt al Qaeda operative dead

Security officials expressed doubt on Sunday over reports from the United States that it had killed the al Qaeda second-in-command near the Afghan border. A senior US official said on Saturday that Atiyah abd al-Rahman had been killed in the north-west tr
Published 29 Aug, 2011 12:00am
Colin Powell says Cheney book takes 'cheap shots'

Colin Powell says Cheney book takes 'cheap shots'

Former US Vice President Dick Cheney's new book levels "cheap shots" at colleagues and mischaracterizes events, ex-Secretary of State Colin Powell said on Sunday.
Published 29 Aug, 2011 12:00am
Colin Powell says Cheney book takes 'cheap shots'

Colin Powell says Cheney book takes 'cheap shots'

Former US Vice President Dick Cheney's new book levels "cheap shots" at colleagues and mischaracterizes events, ex-Secretary of State Colin Powell said on Sunday.
Published 29 Aug, 2011 12:00am
Egypt arrests militant linked to string of attacks

Egypt arrests militant linked to string of attacks

Police arrested one of Egypt's most wanted militants as he arrived back in the country on Sunday following an order to leave Iran, airport security sources and state media said. Mohamed Shawqi el-Islambuli, brother of Khalid el-Islambuli who killed former
Published 29 Aug, 2011 12:00am
Egypt arrests militant linked to string of attacks

Egypt arrests militant linked to string of attacks

Police arrested one of Egypt's most wanted militants as he arrived back in the country on Sunday following an order to leave Iran, airport security sources and state media said. Mohamed Shawqi el-Islambuli, brother of Khalid el-Islambuli who killed former
Published 29 Aug, 2011 12:00am
Bahrain king pardons protest abusers

Bahrain king pardons protest abusers

King Hamad of Bahrain said Sunday he was pardoning all those who insulted him during a month of Shiite-led pro-democracy protests, in a bid to bring normality back to the Gulf kingdom.
Published 29 Aug, 2011 12:00am
Bahrain king pardons protest abusers

Bahrain king pardons protest abusers

King Hamad of Bahrain said Sunday he was pardoning all those who insulted him during a month of Shiite-led pro-democracy protests, in a bid to bring normality back to the Gulf kingdom.
Published 29 Aug, 2011 12:00am
Mach train attack kills three, wounds 16

Mach train attack kills three, wounds 16

Gunmen ambushed a passenger train in Mach town on Sunday, killing three people and wounding 16 others, officials said. Men armed with assault rifles attacked the passenger train in Mach town, some 50 kilometres (30 miles) south-east of Quetta. "Three peop
Published 29 Aug, 2011 12:00am
Mach train attack kills three, wounds 16

Mach train attack kills three, wounds 16

Gunmen ambushed a passenger train in Mach town on Sunday, killing three people and wounding 16 others, officials said. Men armed with assault rifles attacked the passenger train in Mach town, some 50 kilometres (30 miles) south-east of Quetta. "Three peop
Published 29 Aug, 2011 12:00am
Rio in mourning after worst-ever tram accident

Rio in mourning after worst-ever tram accident

Rio de Janeiro was in mourning Sunday after five people were killed and 57 injured in the Brazilian city's worst-ever tram accident, which took place in the booming Santa Teresa tourist district. The tram, which had a maximum capacity of 44, derailed as i
Published 29 Aug, 2011 12:00am
Rio in mourning after worst-ever tram accident

Rio in mourning after worst-ever tram accident

Rio de Janeiro was in mourning Sunday after five people were killed and 57 injured in the Brazilian city's worst-ever tram accident, which took place in the booming Santa Teresa tourist district. The tram, which had a maximum capacity of 44, derailed as i
Published 29 Aug, 2011 12:00am
Tourists hurt in small blast on Turkish beach

Tourists hurt in small blast on Turkish beach

Several tourists were slightly injured in an explosion on a packed beach in the Turkish resort of Kemer on Sunday, Turkish media reported. The governor's office in nearby Antalya said in a statement that the cause of the small blast was as yet unclear, wh
Published 29 Aug, 2011 12:00am
Tourists hurt in small blast on Turkish beach

Tourists hurt in small blast on Turkish beach

Several tourists were slightly injured in an explosion on a packed beach in the Turkish resort of Kemer on Sunday, Turkish media reported. The governor's office in nearby Antalya said in a statement that the cause of the small blast was as yet unclear, wh
Published 29 Aug, 2011 12:00am
Cameroon boat captain seized by pirates

Cameroon boat captain seized by pirates

A Nigerian Navy spokesman says a boat captain was kidnapped by pirates as the Cameroonian vessel headed to neighbouring Nigeria. Kabir Aliyu says the captain was kidnapped and the boat returned to Cameroon with its crew and passengers on Sunday morning un
Published 29 Aug, 2011 12:00am
Cameroon boat captain seized by pirates

Cameroon boat captain seized by pirates

A Nigerian Navy spokesman says a boat captain was kidnapped by pirates as the Cameroonian vessel headed to neighbouring Nigeria. Kabir Aliyu says the captain was kidnapped and the boat returned to Cameroon with its crew and passengers on Sunday morning un
Published 29 Aug, 2011 12:00am
Israel marks captive soldier Shalit's 25th birthday

Israel marks captive soldier Shalit's 25th birthday

Israeli protesters on Sunday marked the 25th birthday of soldier Gilad Shalit, held prisoner by Palestinian militants in the Gaza Strip for a fifth of his life. About 200 supporters gathered in the evening at the Erez crossing on the border with Gaza to d
Published 29 Aug, 2011 12:00am
Israel marks captive soldier Shalit's 25th birthday

Israel marks captive soldier Shalit's 25th birthday

Israeli protesters on Sunday marked the 25th birthday of soldier Gilad Shalit, held prisoner by Palestinian militants in the Gaza Strip for a fifth of his life. About 200 supporters gathered in the evening at the Erez crossing on the border with Gaza to d
Published 29 Aug, 2011 12:00am
PPP committed mistake by making MQM its coalition partner: JI

PPP committed mistake by making MQM its coalition partner: JI

General Secretary Jamaat-e-Islami (JI) has said Pakistan People's Party committed a gross mistake by making Muttahida Qaumi Movement (MQM) as its coalition partner at centre and in Sindh province as MQM's credentials of being as a terrorist party were kno
Published 29 Aug, 2011 12:00am
Tractor making industry at the verge of closure

Tractor making industry at the verge of closure

Al-Ghazi Tractor Limited has been closed for 2 months, and Millat Tractor Ltd is working on a 4-day week as in the month of August only 800 tractors were produced against a production figure of 7,000 tractors in August 2010, industry sources told Busin
Published 29 Aug, 2011 12:00am
Call to free SCCI from organised mafia

Call to free SCCI from organised mafia

Local trading body has demanded of the Federal Ministry of Commerce & Industry to nominate an independent administrator to free Sarhad Chamber of Commerce & Industry (SCCI) from organised mafia and its inheritance policies and called for restoration of it
Published 29 Aug, 2011 12:00am
6kg fine quality heroin seized

6kg fine quality heroin seized

Pakistan Customs Drug Enforcement Cell-DEC of the Model Customs Collectorate (Preventive), Karachi Airport recovered and seized about 6kg fine quality heroin from the possession of an outgoing passenger.
Published 29 Aug, 2011 12:00am
Qazi Yasir released, vows to continue liberation struggle

Qazi Yasir released, vows to continue liberation struggle

In Indian Occupied Kashmir, the President of Jammu and Kashmir Ummat-e-Islami and a prominent religious scholar, Qazi Yasir was released after 14 months of illegal detention under draconian law, Public Safety Act (PSA).
Published 29 Aug, 2011 12:00am
Central Ruet-e-Hilal body to meet on August 31

Central Ruet-e-Hilal body to meet on August 31

The Central Ruet-e-Hilal Committee Pakistan will meet for sighting of Shawwal moon on August 30 after Namaz-e-Asr here at Met Complex, University Road, announced Chairman of the Committee, Mufti Munib-ur-Rehman. The members of Central Ruet-e-Hilal Committ
Published 29 Aug, 2011 12:00am
Scattered rain expected today

Scattered rain expected today

Scattered rain/thundershowers with isolated heavy falls is expected on Monday. According to Met office, widespread rain/thundershowers with isolated heavy falls is expected from Tuesday to Saturday. Heavy falls may cause flash floods in the local rivers/n
Published 29 Aug, 2011 12:00am
Peace during Eid: Faisalabad authorities chalk out plan

Peace during Eid: Faisalabad authorities chalk out plan

The district administration has chalked out a comprehensive administrative plan for smooth and peaceful observance of Eid and tackling any possible emergency situation on this occasion. Giving details of the plan, DCO, Naseem Sadiq informed that officers
Published 29 Aug, 2011 12:00am
Chief minister Punjab to lay foundation stone of Rawal Chowk flyover

Chief minister Punjab to lay foundation stone of Rawal Chowk flyover

Chief Minister Punjab Shahbaz Sharif would lay foundation stone of a flyover next month, to be constructed on Rawal Chowk and Chandni Chowk on Benazir Bhutto Road. The project would be completed at a cost of Rs 830 million while an underpass would also be
Published 29 Aug, 2011 12:00am
Punjab chief minister inaugurates Ghazi Interchange Ring Road

Punjab chief minister inaugurates Ghazi Interchange Ring Road

Punjab Chief Minister Shahbaz Sharif has said that all resources have been applied for the uplift and welfare of the people and government has promoted a culture of transparency in the province while the graveyards of corruption of the past have been turn
Published 29 Aug, 2011 12:00am
CDGK officials' holidays cancelled amid rains

CDGK officials' holidays cancelled amid rains

Sindh government has cancelled the holidays of all officials of Local Government and sought help of Army and Navy to tackle the situation following anticipated rains during the Eid-ul-Fitr public holidays as forecast by the meteorological department.
Published 29 Aug, 2011 12:00am
Audit body congratulates Akhtar Buland

Audit body congratulates Akhtar Buland

Audit and Accounts Officers Association held a meeting on Sunday to express solidarity with the newly-appointed Auditor General of Pakistan (AGP) Akhtar Buland Rana on Sunday.
Published 29 Aug, 2011 12:00am
Jackals kill two women

Jackals kill two women

Jackals in Gailaywal tehsil killed two women and injured two others in an attack during cotton picking on Saturday night. The dead included Ameer Mai of Gailaywal and Mukhtaran Mai of Rawani Town. The injured women were brought to a nearby dispensary.
Published 29 Aug, 2011 12:00am
Eid-ul-Fitr: Women throng 'mehndi', bangle stalls

Eid-ul-Fitr: Women throng 'mehndi', bangle stalls

With Eid-ul-Fitr a few days away, sale of bangles and 'mehndi' has picked up momentum in twin cities of Rawalpindi and Islamabad as Eid, mehndi and bangles have become important for the beauty and happiness in women's life. Naheed, who was buying bangles
Published 29 Aug, 2011 12:00am
Yellow Cab Scheme inaugurated in Multan today

Yellow Cab Scheme inaugurated in Multan today

Punjab Chief Minister, Shahbaz Sharif will inaugurate a computerised draw for provision of yellow cabs here at the Arts Council on August 29. The district administration has made appropriate security and other arrangements in this regard.
Published 29 Aug, 2011 12:00am
'Photo Festival 2011' held

'Photo Festival 2011' held

Punjab Information, Culture and Youth Affairs Department, Punjab Council of the Arts and Faisalabad Arts Council have organised a photographic exhibition "Photo Festival 2011" with the collaboration of Lahore Photo Journalists association at outside of Nu
Published 29 Aug, 2011 12:00am
'FIEDMC to provide state of the art services to customers'

'FIEDMC to provide state of the art services to customers'

A new police post has been started at M-3 Industrial City, while Faisalabad Industrial Estate Development and Management Company (FIEDMC) and members of Industrial Police Liaison Committee handed over vehicle to police high-up for patrolling inside M-3 in
Published 29 Aug, 2011 12:00am
'Research in medical science a dire need of the hour'

'Research in medical science a dire need of the hour'

Research in medical science is a dire need of hour in order to diagnose and cure the diseases of modern age. To serve this purpose Administration of Lahore General Hospital has fixed an academic block where research related seminars, training workshops an
Published 29 Aug, 2011 12:00am
Wateen gets Greenpacket

Wateen gets Greenpacket

Wateen Telecom, Pakistan's leading WiMAX operator and telecommunications company, has awarded Greenpacket, a leading developer of next generation mobile broadband and networking solutions, a two-year contract for the supply of Greenpacket's high-gain mode
Published 29 Aug, 2011 12:00am
Chinese products main attraction for Eid shoppers

Chinese products main attraction for Eid shoppers

Eid shopping is at it peak here and despite serious economic constraints everybody seems to throng the markets both in urban and rural areas of Sialkot district as well as in cantonment area of the city. Great rush has been witnessed on shopping centres a
Published 29 Aug, 2011 12:00am
Chief minister Punjab reviews development projects

Chief minister Punjab reviews development projects

Punjab Chief Minister Shahbaz Sharif has directed that Multan Road project be completed by September 15 so that better travelling facilities could become available to the people as early as possible. Granting approval to the construction of flyovers and a
Published 29 Aug, 2011 12:00am
Transporters fleecing passengers as Eid approaches

Transporters fleecing passengers as Eid approaches

People living in the ancient city of Multan, who travel to their native towns of Muzaffargarh, Shujabad, Jalalpur Pirwala, Khanewal, Kabirwala, Lodhran, Bahawalpur, Dera Ghazi Khan, Vehari, Mailsi, Burewala to celebrate Eid every year, have started worryi
Published 29 Aug, 2011 12:00am
PMS launches 'Dengue-free Pakistan' initiative

PMS launches 'Dengue-free Pakistan' initiative

The emphasis for dengue prevention is on sustainable, community-based, integrated mosquito control with limited reliance on insecticides (chemical larvicides and adulticides). Preventing epidemic disease requires a co-ordinated community effort to increas
Published 29 Aug, 2011 12:00am
Food items dispatched to flood victims

Food items dispatched to flood victims

On the instructions of Chief Minister Punjab Shahbaz Sharif, District Administration Rahim Yar Khan has dispatched the second consignment of dry ration to the flood victims of Thatha, Mirpur Khas, Tandu Allah Yar and Tandu Muhammad Khan in Sindh province.
Published 29 Aug, 2011 12:00am
Flood stream: five killed in Landi Kotal

Flood stream: five killed in Landi Kotal

As many as five people were drowned as a flood stream in Landi Kotal, Khyber Agency area swept away three passenger vans, on Sunday. The vans were swept away by the torrent in the Khyber Agency area, killing five people, including three women, and a child
Published 29 Aug, 2011 12:00am
BCCI, UET unveil 'electronic water purifier'

BCCI, UET unveil 'electronic water purifier'

The electronic water purifier (Cure-0111), prepared with the joint efforts of Breast and Children Cancer Institute (BCCI) Welfare Society and University of Engineering & Technology (UET) Peshawar, has been marketed. In this connection, a function was held
Published 29 Aug, 2011 12:00am
Payment of fine: Hamza Shahbaz gets released 50 prisoners

Payment of fine: Hamza Shahbaz gets released 50 prisoners

As many as 50 prisoners were released here from Adiala Jail on the payment of fine by Member National Assembly, MNA Hamza Shahbaz Sharif. Hamza Shahbaz Sharif made the payment of fine amounting to one million rupees from his own pocket. He also inaugurate
Published 29 Aug, 2011 12:00am
Global fears to hit Canada bond yields into 2012

Global fears to hit Canada bond yields into 2012

Canadian government bond yields will edge higher into 2012, but at a slower pace than previously thought, as fears about global growth will likely delay interest rate increases by the Bank of Canada, according to a Reuters poll.
Published 29 Aug, 2011 12:00am
Diet alone helps lower bad cholesterol

Diet alone helps lower bad cholesterol

A diet based around plants, nuts and high-fiber grains lowered "bad" cholesterol more than a low-saturated-fat diet that was also vegetarian, researchers reported on August 23. And the drop in low-density lipoprotein, or LDL cholesterol, was big enough th
Published 29 Aug, 2011 12:00am
Study establishes climate is a trigger for conflict

Study establishes climate is a trigger for conflict

Climate shift has at times been fingered as a culprit in triggering conflict, fuelling for instance the 1789 French Revolution by wrecking harvests and driving hungry peasants to the city.
Published 29 Aug, 2011 12:00am
Ovarian cysts may not lead to cancer

Ovarian cysts may not lead to cancer

Finding ovarian cysts on an ultrasound scan isn't a cancer sentence for women who are middle-aged and older, a new UK screening study suggests. Women with so-called "inclusion cysts" weren't at higher risk for ovarian cancer or, for that matter, breast or
Published 29 Aug, 2011 12:00am
Japan 'computer grannies' grip internet lifeline

Japan 'computer grannies' grip internet lifeline

Fifteen years ago, a growing sense of isolation due to old age prompted Kayoko Okawa, then 66, to knock on the door of a local volunteer centre and timidly ask if it was possible for someone her age to start an online community for seniors.
Published 29 Aug, 2011 12:00am
United pilots to use iPad for navigation

United pilots to use iPad for navigation

United Airlines said August 23 it was replacing the hefty flight manuals and chart books its pilots have long used with 11,000 iPads carrying the same data.
Published 29 Aug, 2011 12:00am
RIM launches BlackBerry Messenger music-share

RIM launches BlackBerry Messenger music-share

Research in Motion launched a collaboration on August 25 with major record labels to allow BlackBerry users to access and exchange music via instant messenger. BlackBerry Messenger Music will let the world's 45 million Blackberry Messenger users compile a
Published 29 Aug, 2011 12:00am
How Steve Jobs shaped modern technology

How Steve Jobs shaped modern technology

Steve Wozniak, who co-founded Apple with Steve Jobs in 1976, has paid tribute to his former colleague, calling him "the most important technical leader we've seen in our lifetime at least."
Published 29 Aug, 2011 12:00am
Google TV to be launched in Europe next year

Google TV to be launched in Europe next year

Google will launch its TV service in Europe early next year, Executive Chairman Eric Schmidt said on August 26, despite teething problems that had led some observers to question how committed the company would remain to the project.
Published 29 Aug, 2011 12:00am
Facebook makes sharing more selective

Facebook makes sharing more selective

Facebook on August 23 announced it is rolling out improvements aimed at letting users be more selective about who gets to see what they post at the world's largest online social network. The move came in the face of a challenge from a freshly launched Goo
Published 29 Aug, 2011 12:00am
Facebook to revamp privacy controls

Facebook to revamp privacy controls

Facebook is making it easier for users to control who sees their information, and to have more say over the photographs they appear in, as the world's No. 1 social networking service seeks to assuage privacy concerns.
Published 29 Aug, 2011 12:00am
Apple to offer iPad 3 in early 2012

Apple to offer iPad 3 in early 2012

Apple is working with its suppliers in Asia to start production of the next generation iPad in October and will launch the new tablet computers early next year, the Wall Street Journal reported on August 22. The report said that the iPad 3 is expected to
Published 29 Aug, 2011 12:00am
200 million in US to use smartphones or tablets by 2015

200 million in US to use smartphones or tablets by 2015

Some 200 million Americans will own smartphones or tablet computers by 2015, with many people having both, marketing intelligence firm In-Stat forecast on August 23. "This market trend will have a huge impact on how video entertainment is acquired and con
Published 29 Aug, 2011 12:00am
Microsoft gets social with China's Renren

Microsoft gets social with China's Renren

US software giant Microsoft will team up with Renren to integrate their social-networking services in China, the companies announced on August 24. The two firms announced in a joint statement a "strategic co-operation" between Renren and MSN China, which
Published 29 Aug, 2011 12:00am
Nokia launches two new cellphones for emerging markets

Nokia launches two new cellphones for emerging markets

Finnish-based mobile telephone maker Nokia on August 25 launched two new handsets targeted at emerging markets. The Nokia 101 model offers dual SIM cards, allowing users to connect to two different networks to receive calls and text messages. It is to sel
Published 29 Aug, 2011 12:00am
Bank of China first-half profit up 29 percent

Bank of China first-half profit up 29 percent

Bank of China, one of China's "Big Four" lenders, said on August 24 its first-half net profit jumped 29 percent compared to a year earlier, boosted by growth in lending income and fee-based business.
Published 29 Aug, 2011 12:00am
AirAsia profits up, more red ink at Malaysia Air

AirAsia profits up, more red ink at Malaysia Air

Asia's biggest budget airline AirAsia said on August 23 it managed a second-quarter net profit despite high fuel costs, while the red ink kept flowing at its rival-turned-ally Malaysia Airlines.
Published 29 Aug, 2011 12:00am
Commodities giant Glencore profit soars 57 percent

Commodities giant Glencore profit soars 57 percent

Swiss-based commodities giant Glencore said on August 25 its first half net profit soared 57 percent to $2.45 billion (1.7 billion euros), boosted by strong commodities demand and prices. "Underlying demand conditions for commodities remained generally ro
Published 29 Aug, 2011 12:00am
US funds reducing exposure to European banks

US funds reducing exposure to European banks

US prime money market funds are reducing their exposure to European banks, according to a report published on August 22 by the Fitch ratings agency, amid growing concern about their ability to find financing.
Published 29 Aug, 2011 12:00am
US funds reducing exposure to European banks

US funds reducing exposure to European banks

US prime money market funds are reducing their exposure to European banks, according to a report published on August 22 by the Fitch ratings agency, amid growing concern about their ability to find financing.
Published 29 Aug, 2011 12:00am
Airbus to beat 2011 MENA forecasts

Airbus to beat 2011 MENA forecasts

Planemaker Airbus will exceed its forecast for orders from the Middle East and North Africa (MENA) region this year, helped by deals to be finalised at the Dubai Air Show in November, a senior executive said. Airbus, which had expected orders for 90 plane
Published 29 Aug, 2011 12:00am
LG faces tough choices for mobile phone division

LG faces tough choices for mobile phone division

South Korea's LG Electronics hasn't been so smart with its smartphone business. Its mobile phone division has suffered five consecutive quarterly losses, cutthroat competition is pressuring it to overhaul the business and its shares have plummeted.
Published 29 Aug, 2011 12:00am
'Safe haven' assets start to look risky

'Safe haven' assets start to look risky

This year's heady bout of risk aversion on financial markets has ratcheted up demand for gold, US Treasuries and the Swiss franc to levels that suggest they may no longer be the "safe havens" they are billed as.
Published 29 Aug, 2011 12:00am
'Safe haven' assets start to look risky

'Safe haven' assets start to look risky

This year's heady bout of risk aversion on financial markets has ratcheted up demand for gold, US Treasuries and the Swiss franc to levels that suggest they may no longer be the "safe havens" they are billed as.
Published 29 Aug, 2011 12:00am
Currency spike pushes Latam toward protectionism

Currency spike pushes Latam toward protectionism

Latin America could launch a wave of protectionism as a surge in the value of local currencies exposes the region to an influx of cheap foreign imports and threatens jobs. Policymakers in countries like Brazil, Peru and Chile have watched the real, the so
Published 29 Aug, 2011 12:00am
Global fears to hit Canada bond yields into 2012

Global fears to hit Canada bond yields into 2012

Canadian government bond yields will edge higher into 2012, but at a slower pace than previously thought, as fears about global growth will likely delay interest rate increases by the Bank of Canada, according to a Reuters poll.
Published 29 Aug, 2011 12:00am
Former deputy Prime Minister scrapes to victory in Singapore

Former deputy Prime Minister scrapes to victory in Singapore

The ruling party's de-facto candidate in Singapore's presidential election scraped to victory after a dramatic recount on Sunday and quickly acknowledged that Singaporeans wanted a bigger voice in government.
Published 29 Aug, 2011 12:00am
UK army cleared of systematic Iraq abuse

UK army cleared of systematic Iraq abuse

An independent report into the death of an Iraqi hotel clerk during the Iraq war is expected to clear the British army of systematically torturing civilians, a British newspaper reported on Sunday. However, the report, due to be published on September 8,
Published 29 Aug, 2011 12:00am
Syria in crisis with Arab League over peace plan

Syria in crisis with Arab League over peace plan

Syria's ties with the Arab League were thrown into crisis Sunday over a proposed peace plan, as it reformed press laws while activists called a day of prayers for "martyrs" of the anti-regime uprising. As security forces killed at least five more people a
Published 29 Aug, 2011 12:00am
Palestinians see progress in EU stance on UN bid

Palestinians see progress in EU stance on UN bid

The Palestinian leadership sees "progress" in the European Union's position on its plan to seek UN membership next month, a senior PLO official told AFP on Sunday.
Published 29 Aug, 2011 12:00am
Nepal elects Maoist prime minister

Nepal elects Maoist prime minister

Nepal's parliament elected a Maoist leader as prime minister on Sunday after weeks of failure by lawmakers to form a national unity government that has threatened a fragile peace process in the nascent Himalayan republic.
Published 29 Aug, 2011 12:00am
Suicide attack at foreign base in Afghanistan

Suicide attack at foreign base in Afghanistan

A team of Taliban suicide attackers struck at a US-led Nato reconstruction team in unstable south Afghanistan Sunday, officials said. The attack hit the provincial reconstruction team (PRT) in Qalat, the capital of Zabul province. Initial reports suggeste
Published 29 Aug, 2011 12:00am
UN vows terrorism fight as toll hits 23 in Nigeria bombing

UN vows terrorism fight as toll hits 23 in Nigeria bombing

The UN's deputy chief met Nigeria's president Sunday after vowing a renewed fight against terrorism in the wake of a suicide bomb attack at the world body's headquarters here that killed at least 23.
Published 29 Aug, 2011 12:00am
Rotary sponsors poor children with congenital heart disease

Rotary sponsors poor children with congenital heart disease

Rotary International is providing support to poor and deserving children in Pakistan and India who are suffering from congenital heart disease. A statement here on Sunday said that as part of the peace initiative Rotarians in both countries have joined ha
Published 29 Aug, 2011 12:00am
Women throng entrepreneurs Eid Gala

Women throng entrepreneurs Eid Gala

A large number of female buyers Sunday thronged to "Women Entrepreneurs "Eid Gala" organised by Women Business Development Centre (WBDC), Khyber Pakhtunkhwa for promotion of skilled women businesspersons' handicraft and development of their business.
Published 29 Aug, 2011 12:00am
Cantt board donates X-ray plant to tuberculosis clinic

Cantt board donates X-ray plant to tuberculosis clinic

Cantonment Board, Peshawar donated a 200 MA modern X-ray plant to TB Association for provision of better treatment facilities at Begum Sarfaraz TB and Chest Clinic, Gunj. In this connection, Medical Superintendent, Cantonment General Hospital, Peshawar, D
Published 29 Aug, 2011 12:00am
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