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Print - 2011-11-05
CJP asks why machinery not examined before award of contracts

CJP asks why machinery not examined before award of contracts

The Supreme Court on Friday questioned why the feasibility report of Rental Power Projects (RPPs) was prepared in a non-professional manner. A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry and Justice Khilji Arif Hussain has been he
Published 05 Nov, 2011 12:00am
CJP asks why machinery not examined before award of contracts

CJP asks why machinery not examined before award of contracts

The Supreme Court on Friday questioned why the feasibility report of Rental Power Projects (RPPs) was prepared in a non-professional manner. A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry and Justice Khilji Arif Hussain has been he
Published 05 Nov, 2011 12:00am
CJP asks why machinery not examined before award of contracts

CJP asks why machinery not examined before award of contracts

The Supreme Court on Friday questioned why the feasibility report of Rental Power Projects (RPPs) was prepared in a non-professional manner. A two-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry and Justice Khilji Arif Hussain has been he
Published 05 Nov, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
New column added to Annex-D: family-shared expenses to be disclosed

New column added to Annex-D: family-shared expenses to be disclosed

The Federal Board of Revenue has added another requirement to Annexure-D of the income tax return form for the Tax Year 2011 to disclose share of expenses contributed by family members of the taxpayers. The FBR has issued income tax circular 18 of 2011 he
Published 05 Nov, 2011 12:00am
New column added to Annex-D: family-shared expenses to be disclosed

New column added to Annex-D: family-shared expenses to be disclosed

The Federal Board of Revenue has added another requirement to Annexure-D of the income tax return form for the Tax Year 2011 to disclose share of expenses contributed by family members of the taxpayers. The FBR has issued income tax circular 18 of 2011 he
Published 05 Nov, 2011 12:00am
New column added to Annex-D: family-shared expenses to be disclosed

New column added to Annex-D: family-shared expenses to be disclosed

The Federal Board of Revenue has added another requirement to Annexure-D of the income tax return form for the Tax Year 2011 to disclose share of expenses contributed by family members of the taxpayers. The FBR has issued income tax circular 18 of 2011 he
Published 05 Nov, 2011 12:00am
Trans-Afghan gas pipeline deal imminent: Turkmen minister

Trans-Afghan gas pipeline deal imminent: Turkmen minister

Turkmenistan expects soon to sign a long-delayed agreement to sell natural gas to Pakistan and India and has "no doubts" that an ambitious project to build a pipeline through Afghanistan will be realised, a senior energy official said on Friday. Oil and G
Published 05 Nov, 2011 12:00am
Trans-Afghan gas pipeline deal imminent: Turkmen minister

Trans-Afghan gas pipeline deal imminent: Turkmen minister

Turkmenistan expects soon to sign a long-delayed agreement to sell natural gas to Pakistan and India and has "no doubts" that an ambitious project to build a pipeline through Afghanistan will be realised, a senior energy official said on Friday. Oil and G
Published 05 Nov, 2011 12:00am
Trans-Afghan gas pipeline deal imminent: Turkmen minister

Trans-Afghan gas pipeline deal imminent: Turkmen minister

Turkmenistan expects soon to sign a long-delayed agreement to sell natural gas to Pakistan and India and has "no doubts" that an ambitious project to build a pipeline through Afghanistan will be realised, a senior energy official said on Friday. Oil and G
Published 05 Nov, 2011 12:00am
BRIndex30 up 153.26 points

BRIndex30 up 153.26 points

On Friday, the BRIndex30 opened at 9,074.24 points and remained in positive throughout the trading session. It touched the intra-day high of 9,244.13 points and low of 9,074.24 points, and closed at 9,227.50 points with a net positive change of 153.26 poi
Published 05 Nov, 2011 12:00am
BRIndex30 up 153.26 points

BRIndex30 up 153.26 points

On Friday, the BRIndex30 opened at 9,074.24 points and remained in positive throughout the trading session. It touched the intra-day high of 9,244.13 points and low of 9,074.24 points, and closed at 9,227.50 points with a net positive change of 153.26 poi
Published 05 Nov, 2011 12:00am
Index gains 149.84 points

Index gains 149.84 points

The KSE-100 index on Friday rose by 149.84 points and closed at 11,957.30 points on the back of both local and foreign investors'' interest on available attractive levels. The market opened on a positive note and the index hit 11,973.96 points intra-day h
Published 05 Nov, 2011 12:00am
Index gains 149.84 points

Index gains 149.84 points

The KSE-100 index on Friday rose by 149.84 points and closed at 11,957.30 points on the back of both local and foreign investors' interest on available attractive levels. The market opened on a positive note and the index hit 11,973.96 points intra-day hi
Published 05 Nov, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Index gains 149.84 points

Index gains 149.84 points

The KSE-100 index on Friday rose by 149.84 points and closed at 11,957.30 points on the back of both local and foreign investors' interest on available attractive levels. The market opened on a positive note and the index hit 11,973.96 points intra-day hi
Published 05 Nov, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (November 04, 2011).
Published 05 Nov, 2011 12:00am
Adherence to PPRA rules: Prime Minister overturns own directions

Adherence to PPRA rules: Prime Minister overturns own directions

Prime Minister Yousuf Raza Gilani has reportedly overturned his own directions to adhere to all codal formalities and procedures including adherence to PPRA rules and those of Central Development Working Party''s (CDWP) for "Emergency Response and Social
Published 05 Nov, 2011 12:00am
Adherence to PPRA rules: Prime Minister overturns own directions

Adherence to PPRA rules: Prime Minister overturns own directions

Prime Minister Yousuf Raza Gilani has reportedly overturned his own directions to adhere to all codal formalities and procedures including adherence to PPRA rules and those of Central Development Working Party's (CDWP) for "Emergency Response and Social A
Published 05 Nov, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Adherence to PPRA rules: Prime Minister overturns own directions

Adherence to PPRA rules: Prime Minister overturns own directions

Prime Minister Yousuf Raza Gilani has reportedly overturned his own directions to adhere to all codal formalities and procedures including adherence to PPRA rules and those of Central Development Working Party's (CDWP) for "Emergency Response and Social A
Published 05 Nov, 2011 12:00am
Upper house passes bill against oil and gas theft

Upper house passes bill against oil and gas theft

The Senate on Friday unanimously passed ''The Criminal Law (Amendment) Bill, 2011'' to curb theft of oil and gas in the country with maximum punishment of 14 years imprisonment and Rs 10 million fine to the person found involved in the crime. The National
Published 05 Nov, 2011 12:00am
Upper house passes bill against oil and gas theft

Upper house passes bill against oil and gas theft

The Senate on Friday unanimously passed 'The Criminal Law (Amendment) Bill, 2011' to curb theft of oil and gas in the country with maximum punishment of 14 years imprisonment and Rs 10 million fine to the person found involved in the crime. The National A
Published 05 Nov, 2011 12:00am
Upper house passes bill against oil and gas theft

Upper house passes bill against oil and gas theft

The Senate on Friday unanimously passed 'The Criminal Law (Amendment) Bill, 2011' to curb theft of oil and gas in the country with maximum punishment of 14 years imprisonment and Rs 10 million fine to the person found involved in the crime. The National A
Published 05 Nov, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 05 Nov, 2011 12:00am
Various entities owe Rs 168 billion to PSO: Senate told...

Various entities owe Rs 168 billion to PSO: Senate told...

The Senate was informed on Friday that different private and public sector institutions owe Rs 168 billion to Pakistan State Oil (PSO), which, if not paid, would lead to economic collapse. Dr Asim Hussain, minister for petroleum and natural resources told
Published 05 Nov, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 05 Nov, 2011 12:00am
Various entities owe Rs 168 billion to PSO: Senate told...

Various entities owe Rs 168 billion to PSO: Senate told...

The Senate was informed on Friday that different private and public sector institutions owe Rs 168 billion to Pakistan State Oil (PSO), which, if not paid, would lead to economic collapse. Dr Asim Hussain, minister for petroleum and natural resources told
Published 05 Nov, 2011 12:00am
Various entities owe Rs 168 billion to PSO: Senate told...

Various entities owe Rs 168 billion to PSO: Senate told...

The Senate was informed on Friday that different private and public sector institutions owe Rs 168 billion to Pakistan State Oil (PSO), which, if not paid, would lead to economic collapse. Dr Asim Hussain, minister for petroleum and natural resources told
Published 05 Nov, 2011 12:00am
Greek Prime Minister on brink as confidence vote debate peaks

Greek Prime Minister on brink as confidence vote debate peaks

Greek lawmakers debated a confidence motion ahead of a crunch vote Friday which could see embattled Prime Minister George Papandreou turfed out of office and trigger fresh eurozone turmoil. As Papandreou sought to forge a last-minute political deal after
Published 05 Nov, 2011 12:00am
Bridge Notes: The defence has no answer

Bridge Notes: The defence has no answer

The fascination of bridge draws thousands of bridge players to watch some of the world's life masters playing a friendly match where naturally the standard of bridge would be of the highest calibre. The duel between the declarer and the defenders can be a
Published 05 Nov, 2011 12:00am
Greek Prime Minister on brink as confidence vote debate peaks

Greek Prime Minister on brink as confidence vote debate peaks

Greek lawmakers debated a confidence motion ahead of a crunch vote Friday which could see embattled Prime Minister George Papandreou turfed out of office and trigger fresh eurozone turmoil. As Papandreou sought to forge a last-minute political deal after
Published 05 Nov, 2011 12:00am
A narration of eyewitness

A narration of eyewitness

The book recently launched in Karachi has been under discussion for some time. Should it be called book? Wouldn't it be misnomer? Because it was a narration of eyewitness account of the destruction and devastation of the unprecedented 2010 rains flood in
Published 05 Nov, 2011 12:00am
Greek Prime Minister on brink as confidence vote debate peaks

Greek Prime Minister on brink as confidence vote debate peaks

Greek lawmakers debated a confidence motion ahead of a crunch vote Friday which could see embattled Prime Minister George Papandreou turfed out of office and trigger fresh eurozone turmoil. As Papandreou sought to forge a last-minute political deal after
Published 05 Nov, 2011 12:00am
Book Reviews: In love with water colour

Book Reviews: In love with water colour

The book written by Dr Mussarrat Hasan, a PhD professor comprises artist Moazzam Ali's life journey in art and also contain more than 175 spectacular painting plates from his lifetime work under the titles Woman with Pitcher, Sleeping Woman, Woman, Rural
Published 05 Nov, 2011 12:00am
Eurozone finds no new money for debt crisis

Eurozone finds no new money for debt crisis

The euro zone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision. Leaders of the world''s major economies, meeting on the Fre
Published 05 Nov, 2011 12:00am
Art Facts: Fascinated by Nature

Art Facts: Fascinated by Nature

The scenic and descriptive canvases of Mughees Riaz show a peaceful environment of rural area as well as complex human conditions through figurative works recently at Canvas Gallery, Karachi. The exhibition includes his works portraying extremes in our li
Published 05 Nov, 2011 12:00am
Eurozone finds no new money for debt crisis

Eurozone finds no new money for debt crisis

The euro zone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision. Leaders of the world's major economies, meeting on the Fren
Published 05 Nov, 2011 12:00am
Karachi Chronicle: What am I eating on Eid?

Karachi Chronicle: What am I eating on Eid?

Was the animal I purchased really sacrificed or did the person authorised to do so on my behalf simply pocket the money? This is the question Hajis ask themselves in Makkah. The Haji never sees the animal sacrificed on his behalf, nor does he get the meat
Published 05 Nov, 2011 12:00am
Eurozone finds no new money for debt crisis

Eurozone finds no new money for debt crisis

The euro zone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision. Leaders of the world's major economies, meeting on the Fren
Published 05 Nov, 2011 12:00am
Eid-ul-Azha delights Liver Fry Recipe

Eid-ul-Azha delights Liver Fry Recipe

INGREDIENTS: 4 potatoes, peeled and cubed, then fried until tender and drained. 250 gms mutton liver, cleaned and washed, then cut into cubes. One onion, chopped. 1/2 tsp red chilli powder 1/2 tsp turmeric powder 1/2 tsp black peppers, roughly grou
Published 05 Nov, 2011 12:00am
Over 2.5 million Muslims begin Hajj rites

Over 2.5 million Muslims begin Hajj rites

More than 2.5 million Muslim pilgrims began on Friday the rites of the annual Hajj pilgrimage, leaving the holy city of Makkah for Mount Arafat, where the Prophet Mohammed (PBUH) is believed to have delivered his final Hajj sermon. Dressed in white, they
Published 05 Nov, 2011 12:00am
Eid Food Preparation

Eid Food Preparation

During the Eid days, every woman tends to make special arrangements to prepare foods from the meat of Qurbani, actually, from social point of view; the Eid is her test of skill and talent. Wise women plan Eid food preparation prior to Eid days. With prope
Published 05 Nov, 2011 12:00am
Over 2.5 million Muslims begin Hajj rites

Over 2.5 million Muslims begin Hajj rites

More than 2.5 million Muslim pilgrims began on Friday the rites of the annual Hajj pilgrimage, leaving the holy city of Makkah for Mount Arafat, where the Prophet Mohammed (PBUH) is believed to have delivered his final Hajj sermon. Dressed in white, they
Published 05 Nov, 2011 12:00am
India's October oilmeal exports down 29 percent

India's October oilmeal exports down 29 percent

India's oilmeal exports fell 29 percent in October, its first fall in a year, a leading trade body said on Friday, on lower local supplies of soyabean and a temporary fall in demand from its traditional buyers in Southeast Asia. Oilmeal sale from India, A
Published 05 Nov, 2011 12:00am
Soya export premiums lower at US Gulf Coast

Soya export premiums lower at US Gulf Coast

Soyabean export premiums at the US Gulf Coast were steady to lower on Thursday amid sluggish export demand and weak basis values in the CIF barge market, traders said. Renewed Chinese interest in US soyabeans expected in coming months as South American su
Published 05 Nov, 2011 12:00am
Rapeseed output in key Indian state unlikely to rise

Rapeseed output in key Indian state unlikely to rise

Rapeseed output in India's top producing state is unlikely to rise in 2012, increasing the likelihood of higher cooking oil imports which add to inflation headaches, despite incentives from New Delhi for the main winter oilseed crop. Rajasthan state, whic
Published 05 Nov, 2011 12:00am
Ukraine harvests 51.9 million tonnes of grain

Ukraine harvests 51.9 million tonnes of grain

Ukrainian farms have harvested 51.9 million tonnes of grain from 94 percent of the sown area as of November 4, Interfax news agency reported on Friday citing the Agriculture Ministry. The ministry said in a report the grain yield averaged 3.58 tonnes per
Published 05 Nov, 2011 12:00am
US pledges financial aid

US pledges financial aid

The Obama administration is pledging robust assistance to Pakistan despite demands on US finances and a sometimes rocky relationship with Islamabad, according to a status report on Afghanistan and Pakistan. The State Department report outlines US goals in
Published 05 Nov, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 103,269 tonnes of cargo comprising 88,489 tonnes of import cargo and 14,780 tonnes of export cargo including 3,135 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 88,489 tonn
Published 05 Nov, 2011 12:00am
US pledges financial aid

US pledges financial aid

The Obama administration is pledging robust assistance to Pakistan despite demands on US finances and a sometimes rocky relationship with Islamabad, according to a status report on Afghanistan and Pakistan. The State Department report outlines US goals in
Published 05 Nov, 2011 12:00am
EU wheat futures firm on short covering

EU wheat futures firm on short covering

European milling wheat futures were firm on Thursday, mainly driven by short covering on the front month contract which expires next week, and supported by strong equity markets. Traders short of 100 lots on the November contract need to provide a storage
Published 05 Nov, 2011 12:00am
US pledges financial aid

US pledges financial aid

The Obama administration is pledging robust assistance to Pakistan despite demands on US finances and a sometimes rocky relationship with Islamabad, according to a status report on Afghanistan and Pakistan. The State Department report outlines US goals in
Published 05 Nov, 2011 12:00am
Holiday mood prevails, trade volume down on cotton market

Holiday mood prevails, trade volume down on cotton market

Holiday mood prevailed on the cotton market on Friday as both buyers and sellers were on the sidelines due to shortage of transport, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,450, they said.
Published 05 Nov, 2011 12:00am
No change on grain market

No change on grain market

The grain and seed merchants group's press release showed no variation on the wholesale gain and oilseeds markets on Friday as almost all the participants were busy in preparations for Juma prayers.
Published 05 Nov, 2011 12:00am
Warne set to make Twenty20 comeback

Warne set to make Twenty20 comeback

Spin legend Shane Warne is in negotiations with several clubs to come out of retirement and make a comeback in Australia's Big Bash Twenty20 League, with Melbourne Stars seen as the favourite to lure him. The 42-year-old apparently brought the curtain dow
Published 05 Nov, 2011 12:00am
Thorpe flops in comeback

Thorpe flops in comeback

Australian swimming great Ian Thorpe's hotly anticipated return from five years on the sidelines ended in a disappointing second-last place Friday, tempering hopes he can reach next year's Olympics. Thorpe, 29, swimming the unaccustomed 100m individual me
Published 05 Nov, 2011 12:00am
PCB refutes Aamer's ignorance claim over fixing

PCB refutes Aamer's ignorance claim over fixing

Pakistan Cricket Board (PCB) has refuted the claim of convicted pacer Muhammad Aamir that the board had not educated him about anti-corruption codes that players are to abide by. A PCB statement says that the board had handed over Muhammad Aamir with Code
Published 05 Nov, 2011 12:00am
No grudges against Pakistan, says Strauss

No grudges against Pakistan, says Strauss

England captain Andrew Strauss said Friday the corruption scandal which saw three Pakistan players jailed would not affect the two teams' upcoming Test and One-day series. England will face Pakistan in the Gulf in January, the first meeting of the two tea
Published 05 Nov, 2011 12:00am
Sri Lanka gain upper hand

Sri Lanka gain upper hand

Sri Lanka removed Pakistan's openers early to gain an upper hand on the second day of the third and final cricket Test against Pakistan at Sharjah stadium here on Friday. Sri Lanka, seeking a series-levelling win after losing the second Test by nine wicke
Published 05 Nov, 2011 12:00am
Williamson, Taylor lift New Zealand

Williamson, Taylor lift New Zealand

A late strike from fast bowler Doug Bracewell put New Zealand in an excellent position Friday as they push for victory in their one-off Test against Zimbabwe. Bracewell removed Hamilton Masakadza in the final over of day four to leave Zimbabwe struggling
Published 05 Nov, 2011 12:00am
Nayyar Soch win in Faiz memorial cricket

Nayyar Soch win in Faiz memorial cricket

Nayyar Soch beats Shah Sports by 45 runs in the quarter final of Fiaz memorial cricket tournament here at Railway Allama Iqbal Institute ground. Nayyar Soch batting first scored 260 all out in 35 overs. Waqas Tariq 67, Afzal Shah 62 and Mouzam Butt 45 not
Published 05 Nov, 2011 12:00am
No one to blame but me for red card: Rooney

No one to blame but me for red card: Rooney

England striker Wayne Rooney blames no one but himself for what he called his "stupid" red card that has ruled him out of three matches at next year's European championship. Rooney was sent off after kicking Montenegro defender Miodrag Dzudovic in last mo
Published 05 Nov, 2011 12:00am
Tendulkar's landmark set to dominate West Indies series

Tendulkar's landmark set to dominate West Indies series

The fervent wait for Indian batting superstar Sachin Tendulkar's 100th international century is likely to overshadow the three-Test series against the West Indies starting on Sunday. Tendulkar's bid for an unprecedented century of centuries has been the t
Published 05 Nov, 2011 12:00am
S&P puts Sony on negative credit watch

S&P puts Sony on negative credit watch

Standard and Poor's on Friday put Sony Corp on a negative credit watch after the Japanese electronics giant warned it expected to slide to its fourth straight annual loss. The US rating agency placed its "A-" long-term corporate credit and senior unsecure
Published 05 Nov, 2011 12:00am
Philippine inflation spikes

Philippine inflation spikes

Philippine inflation jumped to its highest level in more than two-and-a-half years in October as deadly typhoons wreaked havoc on the farming sector, the government said Friday. The October rate of 5.3 percent was up from 4.6 percent in September and the
Published 05 Nov, 2011 12:00am
Fed to stick to Basel capital raising schedule

Fed to stick to Basel capital raising schedule

The US Federal Reserve will not force banks to raise external capital more quickly than the timing specified in the Basel III international capital accords, but it will be vigilant in ensuring compliance, a top Fed official said on Friday.
Published 05 Nov, 2011 12:00am
RBS investment bank to shrink

RBS investment bank to shrink

Royal Bank of Scotland is to further shrink its investment bank arm and cut more jobs after the eurozone debt crisis sliced into third quarter profit, hampering its turnaround. RBS, 83 percent-owned by the UK government after it was bailed out during the
Published 05 Nov, 2011 12:00am
Ukraine fails to clinch IMF deal, mission leaves

Ukraine fails to clinch IMF deal, mission leaves

Ukraine failed to persuade the International Monetary Fund to resume a $15 billion loan programme, the Fund indicated on Friday, putting at risk a key funding option for the country as it confronts a looming currency crisis. "We have decided to take a pau
Published 05 Nov, 2011 12:00am
MF Global CEO: Jon Corzine resigns

MF Global CEO: Jon Corzine resigns

Jon Corzine has resigned as MF Global Holdings Ltd's chairman and chief executive, four days after the futures brokerage filed for bankruptcy protection, culminating a rapid downfall for one of Wall Street's best-known executives.
Published 05 Nov, 2011 12:00am
Eurozone private sector slump flags recession

Eurozone private sector slump flags recession

Private sector activity in the eurozone shrank at its fastest pace in 28 months in October as the debt crisis sapped new business and soured sentiment in an economy looking like it is heading into a slump, survey data showed on Friday.
Published 05 Nov, 2011 12:00am
EU Commission probes Samsung, Apple over patents

EU Commission probes Samsung, Apple over patents

EU regulators are investigating whether Samsung Electronics Co Ltd and Apple Inc may have breached EU antitrust laws with patent infringement claims in their global legal battle over the lucrative smartphone and tablet market. The two technology companies
Published 05 Nov, 2011 12:00am
China makes rare diesel imports to cover domestic shortages

China makes rare diesel imports to cover domestic shortages

China's top refiners have bought about 320,000 tonnes of diesel to cover domestic shortages of the power-generating fuel, traders said on Friday, rare purchases by the world's second largest economy that will squeeze an already tight market.
Published 05 Nov, 2011 12:00am
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