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Print - 2011-11-04
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 04 Nov, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 04 Nov, 2011 12:00am
Pakistan Advertisers Society

Pakistan Advertisers Society

INTRODUCTION: Pakistan Advertisers Society (PAS) collectively speaks for the common interest of the advertisers and is representative of 75% of the ad-spend of Pakistan.
Published 04 Nov, 2011 12:00am
Development of Asian Advertising

Development of Asian Advertising

This is a very brief look at the development of advertising industry in Asia since 1958 when the first Asian Advertising Conference was held in Tokyo, Japan.
Published 04 Nov, 2011 12:00am
Asian Federation of Advertising Associations

Asian Federation of Advertising Associations

History: In 1958, Japan played host to the 'The First Asian Advertising Conference'. The event was conceived by a group of leaders of the Japanese advertising industry with a view to establish a common forum for developing the advertising and marketing sk
Published 04 Nov, 2011 12:00am
AFAA Chairman Profile

AFAA Chairman Profile

Pradeep Guha as Managing Director of Culture Company is a leading media and entertainment consultant. Pradeep Guha has recently finished a very successful three-and-a-half year stint as the CEO of India's largest satellite broadcasting network, Zee Entert
Published 04 Nov, 2011 12:00am
Braving the Global Turmoil: Advertising Community...

Braving the Global Turmoil: Advertising Community...

Who would have thought that at the dawn of the new millennium, our world will witness bizarre events that would bring massive impact to the globe we live in? Although the signs of transformation started coming in at snail's pace but its repercussions were
Published 04 Nov, 2011 12:00am
Chairman & Managing Director English Biscuit Manufacturers (Pvt) Limited

Chairman & Managing Director English Biscuit Manufacturers (Pvt) Limited

Mr Khawar Masood Butt. Mr Butt would have loved to dabble in philosophy but he chose to bake biscuits for a living instead. Born on August 31st 1935 in a humble middle class family of school teachers, he graduated with a degree in Law from the Punjab Univ
Published 04 Nov, 2011 12:00am
English Biscuit Manufacturers - Leading the way

English Biscuit Manufacturers - Leading the way

English Biscuit Manufacturers (Pvt) Ltd, or (EBM), are the pioneers of packaged biscuit manufacturing in Pakistan and is the country's leading manufacturer of biscuits and cookies since 1967, with an annual sales volume and production capacity in excess o
Published 04 Nov, 2011 12:00am
Inspiring Change in an Ever Changing World

Inspiring Change in an Ever Changing World

Currently President & CEO of MCOM is one of the most esteemed advertising professional; revered equally by media-men, analysts and critics, in Pakistan & abroad. Numerous national & international awards on business excellence & creative standards stand te
Published 04 Nov, 2011 12:00am
'Psychographics are a game changer for local advertisers'

'Psychographics are a game changer for local advertisers'

An Interview with Aly Mustansir Chairman, Pakistan Advertisers Society and Head Marketing & Brand Management HBL Business Recorder: Please give us a brief synopsis of the historical significance of Pakistan Advertisers Society (PAS).
Published 04 Nov, 2011 12:00am
Director Marketing PepsiCo International

Director Marketing PepsiCo International

Over the last decade or so there has been a significant shift in the traditional rules of engagement. The future will be even more exciting for marketeers and brands operating in emerging markets like that of Pakistan and the rest of Asia. AdAsia can help
Published 04 Nov, 2011 12:00am
General Manager The Advertising Club Bombay

General Manager The Advertising Club Bombay

The AdAsia is held once in two years under the auspices of AFFA.The first Adasia was held in 1958 at Tokyo Japan. India has the distinction of hosting it Four times - 1970, 1982, 2003 and now in 2011.
Published 04 Nov, 2011 12:00am
'Pakistani media and ad agencies are facing tough times'

'Pakistani media and ad agencies are facing tough times'

An Interview with Sarmad Ali Secretary General (APNS) President (IAA) Pakistan Chapter Business Recorder: How successful has APNS been in keeping the Advertising and Media industries on the same page?
Published 04 Nov, 2011 12:00am
'Advertisers have a profound impact on opinions'

'Advertisers have a profound impact on opinions'

"The mid break has destroyed the narrative of television content" said former federal information minister Javed Jabbar. Drawing on decades of personal experience in the fields of advertising, communications and media management; Jabbar offered insights o
Published 04 Nov, 2011 12:00am
Shipping alternative energy equipment - made easy by DHL

Shipping alternative energy equipment - made easy by DHL

Technology has made our lives comfortable but due to this we are so dependent on it that now abundant and economical energy has become the foremost need and life blood of modern civilisation. With the ever growing population, widely exploiting the natural
Published 04 Nov, 2011 12:00am
The Theme - Uncertainty: The New Certainty

The Theme - Uncertainty: The New Certainty

The world in the last two years has weathered the financial tsunami. However, more than the great financial meltdown, the world has seen the emergence of a new world order. If, in the 20th. century, the world looked to the West for innovation and progress
Published 04 Nov, 2011 12:00am
The Logo - Design Concept

The Logo - Design Concept

The future is both exciting and unpredictable. The new technological discontinuities and the changed geo-political equations and the new economic order have all contributed to the emergence of a new dynamic, the epicenter being none other than Asia.
Published 04 Nov, 2011 12:00am
AdAsia Experience - Amazing Conference Experience

AdAsia Experience - Amazing Conference Experience

The conference is planned to engage and involve you from the word go so that you are an integral part of the rethink of systems, strategies and solutions. Your thoughts and ideas will be instrumental in aligning these to a rapidly changing global business
Published 04 Nov, 2011 12:00am
The Agenda

The Agenda

We live in a dynamic world that is currently at an inflection point witnessing a realignment of global economic leadership. Everyone's attention is riveted on Asia. AdASia 2011 will provide the platform to chronicle change of a significant magnitude and p
Published 04 Nov, 2011 12:00am
The Venue

The Venue

The Taj Palace Hotel, New Delhi is a flagship hotel of the world renowned Taj Group of Hotels, Resorts & Palaces. The hotel has played host to heads of state, corporate moguls and high profile businessmen from across the world. It is now readying itself t
Published 04 Nov, 2011 12:00am
The Congress

The Congress

AdAsia began as a three day Asian Advertising Conference in 1958 sponsored by the Japan International Advertising Association (JIAA). The principle objective of the conference was to give Asian Advertising a boost in the post war era. The conference was a
Published 04 Nov, 2011 12:00am
AdAsia history

AdAsia history

AdAsia began as a three day Asian Advertising Conference in 1958 sponsored by the Japan International Advertising Association (JIAA). The principal objective of the conference was to give Asian advertising a boost in the post war era. The conference was a
Published 04 Nov, 2011 12:00am
GlaxoSmithKline settles US drug rows for $3 billion

GlaxoSmithKline settles US drug rows for $3 billion

GlaxoSmithKline Plc has agreed in principle to settle several long-standing disputes with the US government over the way it marketed and developed drugs, at a cost of $3 billion, which is covered by existing provisions. Settlement of the civil and crimina
Published 04 Nov, 2011 12:00am
Insurers say eurozone woes hinder life sales

Insurers say eurozone woes hinder life sales

European insurers said tough economic conditions triggered by the eurozone debt crisis were hitting the life insurance market, leaving the non-life and emerging markets sectors to take up the slack. Aviva and ING both reported weaker quarterly life sales
Published 04 Nov, 2011 12:00am
NYSE says won't push Deutsche Bourse deal at all costs

NYSE says won't push Deutsche Bourse deal at all costs

NYSE Euronext Chief Executive Duncan Niederauer on Thursday signalled he would rather walk away than force a deal with Deutsche Bourse as European Union regulators get ready to outline their terms for approving the $9 billion merger. "At some point, the l
Published 04 Nov, 2011 12:00am
Cuba passes law allowing private home sales

Cuba passes law allowing private home sales

The Cuban government has approved a law allowing individuals to buy and sell homes for the first time in 50 years, the official newspaper Granma said Thursday. The measure is part of a series of economic reforms aimed at reviving the economy of the commun
Published 04 Nov, 2011 12:00am
Chinese support for Europe could hit $100 billion: banker

Chinese support for Europe could hit $100 billion: banker

China could provide up to $100 billion (73 billion euros) to support debt-wracked eurozone, a member of the Chinese central bank's monetary policy committee said in an interview Thursday. If certain conditions are met "one could think that an amount aroun
Published 04 Nov, 2011 12:00am
Asia, UK services business lose momentum

Asia, UK services business lose momentum

Services business slowed in China in October, shrank in India and approached stall speed in Britain, suggesting the global economy is weakening just as the eurozone debt crisis reaches a critical stage. The key surveys were released on Thursday as G20 lea
Published 04 Nov, 2011 12:00am
Russia clinches final deal to join WTO

Russia clinches final deal to join WTO

Russia stood Thursday on the verge of ending its tortuous 18-year wait to get into the World Trade Organisation after accepting a Swiss-mediated deal that removed reservations by its arch-foe Georgia. The decisive breakthrough came after months of closed-
Published 04 Nov, 2011 12:00am
ECB cuts rates in surprise move

ECB cuts rates in surprise move

The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move on Thursday and President Mario Draghi said the eurozone could subside into a "mild recession" in the latter part of 2011. The Italian has walked into a mae
Published 04 Nov, 2011 12:00am
ECB cuts rates in surprise move

ECB cuts rates in surprise move

The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move on Thursday and President Mario Draghi said the eurozone could subside into a "mild recession" in the latter part of 2011. The Italian has walked into a mae
Published 04 Nov, 2011 12:00am
ECB cuts rates in surprise move

ECB cuts rates in surprise move

The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move on Thursday and President Mario Draghi said the eurozone could subside into a "mild recession" in the latter part of 2011. The Italian has walked into a mae
Published 04 Nov, 2011 12:00am
ECB cuts rates in surprise move

ECB cuts rates in surprise move

The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move on Thursday and President Mario Draghi said the eurozone could subside into a "mild recession" in the latter part of 2011. The Italian has walked into a mae
Published 04 Nov, 2011 12:00am
Lingering anxiety curbs US chain store gains

Lingering anxiety curbs US chain store gains

Most top US store chains reported disappointing October sales on Thursday, showing that consumers up and down the income spectrum are still anxious about the state of the economy as they begin their holiday shopping. Major retailers ranging from Macy's In
Published 04 Nov, 2011 12:00am
US service sector growth dips, initial claims ease

US service sector growth dips, initial claims ease

Fewer Americans filed new claims for jobless benefits last week while the country's vast service sector continued to grow last month, according to data on Thursday that showed the US recovery was on track, though not speeding along. Other data showed fact
Published 04 Nov, 2011 12:00am
Kenyan tea prices edge down

Kenyan tea prices edge down

The average price for top grade Kenyan tea edged down to $2.92 per kg at this week's sale from $2.99 per kg last week, brokers said on Wednesday. Mombasa-based Africa Tea Brokers (ATB) said 120,105 packages were offered with good but irregular demand. Abo
Published 04 Nov, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Wednesday for the fourth straight day on pressure from a stronger Canadian dollar in thin trading volume. Total volume of less than 7,900 contracts was lowest since August 18 as some local speculators looking for new cl
Published 04 Nov, 2011 12:00am
Only gur prices undergo change on grain market

Only gur prices undergo change on grain market

Lean business was witnessed on the wholesale grain market on Thursday in process of trading, dealers said. On the cereal side gur low quality gained Rs 200 to Rs 5200 while the best type lost Rs 500 to Rs 6000 due to good supplies, they said. Prices were
Published 04 Nov, 2011 12:00am
Russia's winter grain area seen below target

Russia's winter grain area seen below target

Russia's winter grain area is expected to be lower than initially planned but the state of sprouts is good, an analyst said on Thursday, while the weather forecasting service expects the conditions to favour plants in November. Winter wheat is the main wi
Published 04 Nov, 2011 12:00am
Corn, wheat export premiums firm at US Gulf Coast

Corn, wheat export premiums firm at US Gulf Coast

Corn and wheat export premiums at the US Gulf Coast were firmer on Wednesday as slow farmer selling kept supplies in the export pipeline very tight while export demand was routine, traders said. Export demand for US corn remains limited to regular custome
Published 04 Nov, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 49,617 tonnes of cargo comprising 40,056 tonnes of import cargo and 9,561 tonnes of export cargo including 2,122 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 40,056 tonn
Published 04 Nov, 2011 12:00am
Oil cake market rates

Oil cake market rates

Both contracts were unchanged on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The December contract that had ended at Rs 1307.70 showed no variation in the morning session. The January contract which also adopted
Published 04 Nov, 2011 12:00am
PCGA figure up to October 31 shows phutti arrivals on rise

PCGA figure up to October 31 shows phutti arrivals on rise

Business activity came down on the cotton market on Thursday as both buyers and sellers were not very active ahead of Eid-ul-Azha holidays, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,450, they said. Prices
Published 04 Nov, 2011 12:00am
Russia's beet sugar output up

Russia's beet sugar output up

Russia refined 2.6 million tonnes of white sugar from beet from the start of the season in August to October 31, up 42 percent from year-ago volumes, the Russian Sugar Producers' Union industry lobby said on Wednesday. Russia officially expects to produce
Published 04 Nov, 2011 12:00am
Holiday mood dominates cotton market

Holiday mood dominates cotton market

With Eid-ul-Azha holidays just around the corner cotton purchase activity has decreased. The next week will mostly be consumed with festivities and celebrations so that almost all business activity will be closed. Over the past week or ten days, larger bu
Published 04 Nov, 2011 12:00am
Holiday mood dominates cotton market

Holiday mood dominates cotton market

With Eid-ul-Azha holidays just around the corner cotton purchase activity has decreased. The next week will mostly be consumed with festivities and celebrations so that almost all business activity will be closed. Over the past week or ten days, larger bu
Published 04 Nov, 2011 12:00am
Unilever, Beiersdorf show scars of tough times

Unilever, Beiersdorf show scars of tough times

Two of Europe's biggest consumer products groups showed tough times were catching up on them on Thursday with Unilever warning of flat to lower profit margins for 2011 while Beiersdorf saw only marginal sales growth. Both were reporting third-quarter resu
Published 04 Nov, 2011 12:00am
United, City on track as Real Madrid progress

United, City on track as Real Madrid progress

Premier League title rivals Manchester United and Manchester City both closed on the Champions League knockout phase on Wednesday, as Real Madrid sealed their place in the last 16. United won 2-0 at home to Romanian champions Otelul Galati in Group C, whi
Published 04 Nov, 2011 12:00am
Pakistan stun Australia in Perth

Pakistan stun Australia in Perth

The green-shirts pulled a sensational upset when they defeated world number one Australia by 4-3 at their home-ground in Perth in the title match of the Tri-Nations Hockey Tournament on Thursday. It is important to mention here that the Pakistan hockey te
Published 04 Nov, 2011 12:00am
Pakistan stun Australia in Perth

Pakistan stun Australia in Perth

The green-shirts pulled a sensational upset when they defeated world number one Australia by 4-3 at their home-ground in Perth in the title match of the Tri-Nations Hockey Tournament on Thursday. It is important to mention here that the Pakistan hockey te
Published 04 Nov, 2011 12:00am
Corruption hall of shame

Corruption hall of shame

Pakistan cricketers Salman Butt, Mohammad Asif and Mohammad Aamer, and their agent Mazhar Majeed were jailed by an English court on Thursday for their involvement in a betting scam. In February, former Test captain Butt and pace bowlers Asif and Aamer bec
Published 04 Nov, 2011 12:00am
Ferguson marks 25 years of pure gold at United

Ferguson marks 25 years of pure gold at United

An incredible work ethic and a deep-seated love for the game have allowed Alex Ferguson to remain in charge of Manchester United for a quarter of a century, according to long-serving winger Ryan Giggs. Ferguson, 69, celebrates his 25th anniversary with a
Published 04 Nov, 2011 12:00am
Military takes over Sri Lanka Test venues

Military takes over Sri Lanka Test venues

Sri Lanka's cash-strapped cricket board has asked the military to take over and maintain multi-million dollar Test venues that were set up for this year's World Cup, an official said Thursday. Security forces will manage three stadiums from the start of t
Published 04 Nov, 2011 12:00am
Vettori puts New Zealand in control

Vettori puts New Zealand in control

Daniel Vettori's 20th five-wicket haul in Test cricket put New Zealand in firm control of their one-off Test match against Zimbabwe at Queens Sports Club here on Thursday. Vettori recorded figures of 5 for 70 as Zimbabwe were bowled out for 313, before Ne
Published 04 Nov, 2011 12:00am
Sangakkara's century lifts Sri Lanka

Sangakkara's century lifts Sri Lanka

Kumar Sangakkara notched his 27th Test hundred to propel Sri Lanka to an imperious 245-2 on the opening day of the third and final cricket Test against Pakistan on Thursday. The 34-year-old stylish left-hander ended the day on 112 - his second hundred of
Published 04 Nov, 2011 12:00am
Yuan ends up

Yuan ends up

The yuan closed up slightly on Thursday, but at the bottom of its daily trading band, after the central bank set the mid-point at a record high, underlining its intention of letting the currency appreciate at a quicker pace during the Group of 20 meeting
Published 04 Nov, 2011 12:00am
Sterling advances

Sterling advances

Sterling rose against the euro on Thursday and recovered from a two-week low against the dollar, helped by the European Central Bank's surprise decision to cut interest rates, which supported riskier assets. The euro dropped to a session low of 85.74 penc
Published 04 Nov, 2011 12:00am
Euro falls in Asia

Euro falls in Asia

The euro edged lower on Thursday, hurt by jitters over Greece's plan for a referendum on the eurozone debt deal, with market players seeing the risk of more downside in the next couple of months. The euro retreated as attention shifted back to Greece afte
Published 04 Nov, 2011 12:00am
Euro rises in London

Euro rises in London

The euro rose in volatile trade on Thursday, reversing an earlier fall as political chaos in Greece called into doubt a planned referendum which had been seen threatening a disorderly default and exit from the single currency. Greek Prime Minister George
Published 04 Nov, 2011 12:00am
Early trade in New York: Euro turns positive versus Swiss franc

Early trade in New York: Euro turns positive versus Swiss franc

The euro turned positive against the Swiss franc on Thursday after trading nearly unchanged after the Swiss National Bank said it will take additional steps to protect the economy in addition to the franc cap. The euro last traded at 1.2162, up 0.1 percen
Published 04 Nov, 2011 12:00am
Euro gains versus dollar

Euro gains versus dollar

The euro rallied against the US dollar on Wednesday after a Greek government spokesman was quoted saying a planned referendum would ask voters about the bailout, not euro membership. The euro last traded at $1.3756, up 0.5 percent on the day, compared wit
Published 04 Nov, 2011 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 76.2850-76.3500 (previous 76.24-76.29). Call Money Rates: 21.00/21.00 percent (previous 10.00-19.00 percent).
Published 04 Nov, 2011 12:00am
Australian and New Zealand dollars skid

Australian and New Zealand dollars skid

The Australian and New Zealand dollars pulled back sharply on Thursday after leaders of Germany and France told Greece it would not receive another cent in European aid until it decides whether it wants to stay in the eurozone. The Aussie skidded nearly a
Published 04 Nov, 2011 12:00am
Indian rupee rebounds

Indian rupee rebounds

The Indian rupee reversed intraday losses on Thursday in tandem with a recovery in local shares and the euro as hopes gained that Athens may not conduct a referendum on the latest bailout plan, easing concerns of a default that could spill over to other c
Published 04 Nov, 2011 12:00am
Emerging Asian currencies fall

Emerging Asian currencies fall

Emerging Asian currencies fell on Thursday with the Singapore dollar and the Malaysian ringgit breaching support lines, as investors cut risk exposure on fear over the European debt crisis and expect further falls in the regional units. Fast money account
Published 04 Nov, 2011 12:00am
Money markets fully priced

Money markets fully priced

Money markets on Thursday almost fully priced in another European Central Bank interest rate cut by January after the bank surprised markets by trimming borrowing costs at the first meeting presided by Italy's Mario Draghi. The ECB cut rates by a quarter
Published 04 Nov, 2011 12:00am
Deyaar returns to black, lifts Dubai; Gulf muted

Deyaar returns to black, lifts Dubai; Gulf muted

Dubai's Deyaar Properties helped lift the bourse on Thursday after posting a quarterly profit, and Qatar's market hit a 24-week high ahead of the Muslim Eid holiday, but regional markets were muted. Deyaar jumped 6.8 percent, accounting for half of all sh
Published 04 Nov, 2011 12:00am
Hong Kong stocks lower, China shares up

Hong Kong stocks lower, China shares up

Hong Kong shares fell on Thursday, dragged lower by HSBC Holdings and local property names even as mainland markets strengthened in healthy volume as more investors foresaw a year-end rally in Shanghai. For a second day, exchange-traded funds in Hong Kong
Published 04 Nov, 2011 12:00am
Thursday's midday trade: Wall Street rises

Thursday's midday trade: Wall Street rises

US stocks rose in a volatile session on Thursday on hopes Greece's political and financial situation would become clearer and after a surprise interest rate cut in Europe boosted sentiment. The Dow Jones industrial average gained 133.62 points, or 1.13 pe
Published 04 Nov, 2011 12:00am
US stocks rebound on Bernanke's statement

US stocks rebound on Bernanke's statement

US stocks rebounded from two days of sharp losses on Wednesday after the Federal Reserve said it is prepared to do more for the economy if conditions warrant, helping to stanch the panicky reaction to Europe's debt crisis. Trading volume was light, howeve
Published 04 Nov, 2011 12:00am
Japanese markets closed

Japanese markets closed

Japanese stocks, financial and commodity markets were closed on Thursday for a national holiday. Trading resumes Friday.
Published 04 Nov, 2011 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks recorded their worst single-day percentage slide in a month on Thursday, weighed by banks including Chinatrust Financial, as investors continued to worry that Europe's debt crisis could unleash financial chaos. The main TAIEX index fell 1.82
Published 04 Nov, 2011 12:00am
US bonds steady

US bonds steady

US Treasury debt prices were steady to lower on Wednesday as strength in stocks was offset by the Federal Reserve's cutting its US growth outlook and fears over the eventual outcome of the eurozone debt crisis. The Fed, in a statement following its policy
Published 04 Nov, 2011 12:00am
US bonds steady

US bonds steady

US Treasury debt prices were steady to lower on Wednesday as strength in stocks was offset by the Federal Reserve's cutting its US growth outlook and fears over the eventual outcome of the eurozone debt crisis. The Fed, in a statement following its policy
Published 04 Nov, 2011 12:00am
Southeast Asian markets lower

Southeast Asian markets lower

Southeast Asian stock markets pulled lower on Thursday, led by financials and resource shares, as investors booked quick profits in the face of deteriorating eurozone debt problems. The falls came in light volume, reflecting uncertainty after Greece's pri
Published 04 Nov, 2011 12:00am
European shares rise on ECB rate cut

European shares rise on ECB rate cut

European shares rose strongly on Thursday, boosted by the European Central Bank cutting interest rates and optimism that Greece will scrap plans for a referendum on its bailout package, easing worries it may leave the euro. Strategists said more evidence
Published 04 Nov, 2011 12:00am
Seoul shares fall 1.5 percent

Seoul shares fall 1.5 percent

Seoul shares fell on Thursday, weighed down by the persistent uncertainty surrounding the euro zone's debt problems and sharp drops in LG-related stocks such as LG Electronics, which was hit by rumours of a rights issue. The Korea Composite Stock Price In
Published 04 Nov, 2011 12:00am
Indian shares rebound

Indian shares rebound

Indian shares recovered early losses and closed up 0.1 percent in a volatile session on Thursday, when global cues dominated, on hopes Athens might ditch its referendum plans. In Athens, Greece's powerful finance minister broke ranks with his prime minist
Published 04 Nov, 2011 12:00am
UK's top share index climbs

UK's top share index climbs

Investors shrugged off chaos in the eurozone as Britain's top share index climbed higher on Thursday, with leaders of the most powerful nations meeting in France in an effort to solve Europe's crippling debt crisis. London's blue chip index rose 61.54 poi
Published 04 Nov, 2011 12:00am
Syrian forces kill 10 in Homs

Syrian forces kill 10 in Homs

Syrian security forces killed 10 people in Homs on Thursday, activists said, and there was no sign yet of troops leaving cities under an Arab League agreement to end bloodshed after seven months of protests against President Bashar al-Assad. Syria, under
Published 04 Nov, 2011 12:00am
EU calls on Syria to implement Arab League plan

EU calls on Syria to implement Arab League plan

Syria must quickly implement the commitments it made to the Arab League to end violence and allow opposition groups to operate, the European Union said on Thursday. Syria agreed on Wednesday to an Arab League plan to withdraw its army from cities, release
Published 04 Nov, 2011 12:00am
Clashes erupt after protests shut down US port

Clashes erupt after protests shut down US port

Clashes broke out between masked protesters and police here early Thursday after a day of peaceful anti-Wall Street protests shut down one of the United States' busiest ports. The demonstrations were mainly peaceful until around midnight, when dozens of p
Published 04 Nov, 2011 12:00am
Egyptian dies as 1,230 passengers flee burning Red Sea ferry

Egyptian dies as 1,230 passengers flee burning Red Sea ferry

Rescue services evacuated 1,230 passengers onto life rafts from a burning ferry in the Red Sea on Thursday, with one Egyptian dying after jumping into the sea, Jordan's civil defence spokesman told AFP. By afternoon, only the captain and three crew member
Published 04 Nov, 2011 12:00am
First renewable energy exchange opens in Amsterdam

First renewable energy exchange opens in Amsterdam

Dutch-Belgian energy market provider APX-Endex launched a "biomass exchange" Thursday specialising in trading wood pellets as a source of renewable energy, a venture it said was a world first. "The first biomass exchange in the world has officially been o
Published 04 Nov, 2011 12:00am
China completes first space docking test

China completes first space docking test

China successfully carried out its first docking exercise on Thursday between two unmanned spacecraft, a key test of the rising power's plans to secure a long-term manned foothold in space. The Shenzhou 8 spacecraft joined the Tiangong (Heavenly Palace) 1
Published 04 Nov, 2011 12:00am
South Africa signs multilateral tax evasion deal

South Africa signs multilateral tax evasion deal

South Africa on Thursday said it signed an agreement with 12 other countries to combat cross-border tax evasion. South Africa's tax take is under pressure as the country's economic recovery has not been as strong as anticipated. The finance ministry expec
Published 04 Nov, 2011 12:00am
Storm kills 11 in Oman

Storm kills 11 in Oman

Eleven people, including two children, have been killed in flash floods caused by heavy rains that have hit Oman over the past three days, the Arabian Peninsula state's police announced on Thursday. "Eleven people died in several of the sultanate's provin
Published 04 Nov, 2011 12:00am
Israel holds major missile defence drill

Israel holds major missile defence drill

Israel on Thursday completed a major civil defence drill in the Tel Aviv region aimed at simulating a response to conventional and non-conventional missile attacks, the military said. The four-hour exercise began shortly after 10:00 am (0800 GMT) with the
Published 04 Nov, 2011 12:00am
Iran ready for the worst, warns US about 'collision course'

Iran ready for the worst, warns US about 'collision course'

Iran's foreign minister said on Thursday that Tehran was "prepared for the worst" and warned the United States against putting itself on "collision course" with his country. On the sidelines of a news conference in the Libyan city of Benghazi, minister Al
Published 04 Nov, 2011 12:00am
US House panel okays tougher sanctions on Iran

US House panel okays tougher sanctions on Iran

A US congressional committee approved tougher sanctions on Iran on Wednesday, hitting out at Tehran's central bank following an alleged Iranian plot to kill the Saudi ambassador to Washington. The bipartisan legislation has good prospects for clearing the
Published 04 Nov, 2011 12:00am
US blames China, Russia for cyber espionage

US blames China, Russia for cyber espionage

China and Russia are using cyber espionage to steal US trade and technology secrets to bolster their own economic development, which poses a threat to US prosperity and security, a US intelligence report said on Thursday.
Published 04 Nov, 2011 12:00am
Decision to keep shops open on eve of Eid hailed

Decision to keep shops open on eve of Eid hailed

President Sarhad Chamber of Commerce & Industry (SCCI) Afan Aziz on Thursday welcomed the decision of the district government for keeping shopping centres and bazaars open in Peshawar on the eve of Eid-ul-Azha. The SCCI held a meeting with DCO Peshawar, S
Published 04 Nov, 2011 12:00am
No prospect of alliance with any political party: PTI

No prospect of alliance with any political party: PTI

Pakistan Tehreek-e-Insaf has clarified that there is no prospect of an alliance with any political party or group including Jamaat-i-Islami and PML-Q. In a statement issued here from the party's Central Secretariat, Raoof Hasan, Central Vice-President, PT
Published 04 Nov, 2011 12:00am
Government urged to ensure availability of fertilisers

Government urged to ensure availability of fertilisers

Kisan Board Pakistan (KBP) President Srdar Zafar Hussein launching a protest movement on Thursday against shortage of the fertiliser and its black marketing, has urged the government to immediately ensure the availability of fertilisers to the growers.
Published 04 Nov, 2011 12:00am
Iesco power suspension notice

Iesco power suspension notice

According to Iesco Spokesman, due to electricity maintenance/development work the Power supply of the areas fall under the following feeders would remain suspended as under: Friday (November 04) morning 8 am to 2 pm, Adiala Road Feeder, Jhawara Feeder, Gu
Published 04 Nov, 2011 12:00am