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Print - 2011-11-10
'Government acting as per wishes of people'

'Government acting as per wishes of people'

Federal Minister for Textile Industry and PPP president of South Punjab Makhdum Shahbuddin has said the PPP-led government was working according to aspirations of the people. Talking to various delegations here on Wednesday, he said the government would c
Published 10 Nov, 2011 12:00am
Elections only way for a change: JI

Elections only way for a change: JI

Syed Munawwar Hassan, Amir Jamaat-i-Islami, has said that if the way of the dacoits and plunderers to power was not obstructed, the country would have to face fresh crises in the days to come. Addressing the Eidul Azha congregation at Mansoora mosque, he
Published 10 Nov, 2011 12:00am
Khosa for transferral of Iqbal's philosophy to patriotic people

Khosa for transferral of Iqbal's philosophy to patriotic people

Punjab Governor Sardar Latif Khan Khosa on Wednesday stressed the need for transferral of Allama Iqbal's philosophy to the patriotic people of Pakistan. He was talking to newsmen during his visit to the mausoleum of national poet Dr Allama Muhammad Iqbal
Published 10 Nov, 2011 12:00am
Woman among two killed

Woman among two killed

Two people, including a woman, were killed and four others injured in separate incidents near here on Wednesday. Police said Muhammad Shafiq opened firing on four brothers- Liaquat Ali, Muhammad Yusuf, Shaukat Ali and Muhammad Younus - due to an old enmit
Published 10 Nov, 2011 12:00am
Government to spend Rs 46 billion on education by 2014

Government to spend Rs 46 billion on education by 2014

The Punjab Government has chalked-out an ambitious plan to develop the school education sector on modern lines. Under this plan, a total of Rs 46,170 million will be spent on school education sector by the year 2014. It is expected that this reform plan w
Published 10 Nov, 2011 12:00am
President seeks more investments by Chinese companies

President seeks more investments by Chinese companies

A Chinese delegation, led by Member of Central Committee of Communist Party of China (CPC), Lu Hao called on President Asif Ali Zardari at Bilawal House on Tuesday and discussed Pak-China bilateral relations and also ties between PPP and CPC. The discussi
Published 10 Nov, 2011 12:00am
Ebad visits towns, inspects cleanliness arrangements

Ebad visits towns, inspects cleanliness arrangements

Governor of Sindh Dr Ishratul Ebad Khan undertook a four-hour visit to various towns in the metropolis and inspected the cleanliness and disposal of offals of sacrificial animals. A statement issued here said that during the visit he reviewed arrangements
Published 10 Nov, 2011 12:00am
Late wheat sowing may affect yield: DG Met

Late wheat sowing may affect yield: DG Met

Director General of Pakistan Meteorological Department (PMD) Arif Mehmood on Wednesday advised farmers of rain-fed areas of Punjab, particularly Potohar region and Khyber Pakhtunkhwa (KP) to complete wheat sowing before November 30. Talking to APP, he sai
Published 10 Nov, 2011 12:00am
IGP Sindh for strict security during Muharram

IGP Sindh for strict security during Muharram

Inspector General of Police (IGP) Sindh Mushtaq Ahmed Shah on Wednesday directed the officials concerned to conceive a comprehensive security plan to ensure protection of life and property of the people during the holy month of Muharram-ul-Harram. The Sin
Published 10 Nov, 2011 12:00am
People throng picnic spots during holidays to celebrate Eid

People throng picnic spots during holidays to celebrate Eid

Thousands of fun seekers including women and children thronged to the parks of the twin cities of Rawalpindi and Islamabad during holidays to celebrate the Eid festival. Eid-ul-Azha was celebrated throughout the country with religious fervour and enthusia
Published 10 Nov, 2011 12:00am
Towel makers for revision of cap under TUF scheme

Towel makers for revision of cap under TUF scheme

The Towel Manufacturers' Association of Pakistan (SC) has suggested that the cap of Rs 50 million per annum to one unit under the Technology Upgradation Fund (TUF) scheme, proposed by the Ministry of Textile Industry, needs to be re-visited.
Published 10 Nov, 2011 12:00am
Gunmen kill three Hindus in dancing girl row

Gunmen kill three Hindus in dancing girl row

Gunmen shot dead three Hindus near Shikarpur in a dispute over a dancing girl with a tribe, officials said on Tuesday. The incident took place on Monday in Chak town near Shikarpur city. "Two men riding a motorbike opened fire at a clinic, killing three H
Published 10 Nov, 2011 12:00am
CJ LHC for following principles of Iqbal, Jinnah

CJ LHC for following principles of Iqbal, Jinnah

Lahore High Court (LHC) Chief Justice Ejaz Chaudhry on Wednesday said the country could be made invincible by following golden principles of Quaid-e-Azam and Allama Iqbal. Addressing a function held in connection with Iqbal Day at the Aiwan-e-Iqbal, he sa
Published 10 Nov, 2011 12:00am
PIA's post-Hajj operation begins today

PIA's post-Hajj operation begins today

PIA's Post-Hajj Operation for bringing back the Hajjis from Saudi Arabia begins November 10 (today). First Post Hajj Flight PK-2502 will leave Jeddah Hajj terminal for Islamabad at 1600 hrs local time (6pm PST) arriving Islamabad at (ETA) 11pm(PST) on Thu
Published 10 Nov, 2011 12:00am
At least 18 buildings collapse in Turkish quake

At least 18 buildings collapse in Turkish quake

At least 18 buildings, including two hotels, collapsed in eastern Turkey after a 5.7-magnitude quake struck just south of the city of Van near the Iranian border, Turkish state television reported. TRT Haber news channel said a large number of people were
Published 10 Nov, 2011 12:00am
At least 18 buildings collapse in Turkish quake

At least 18 buildings collapse in Turkish quake

At least 18 buildings, including two hotels, collapsed in eastern Turkey after a 5.7-magnitude quake struck just south of the city of Van near the Iranian border, Turkish state television reported. TRT Haber news channel said a large number of people were
Published 10 Nov, 2011 12:00am
Police arrest 20 at London student protest

Police arrest 20 at London student protest

British police arrested 20 people when thousands of students marched through London on Wednesday in the latest display of anger against the Conservative-led government's austerity measures. Several of the arrests came after a group of protesters split awa
Published 10 Nov, 2011 12:00am
Police arrest 20 at London student protest

Police arrest 20 at London student protest

British police arrested 20 people when thousands of students marched through London on Wednesday in the latest display of anger against the Conservative-led government's austerity measures. Several of the arrests came after a group of protesters split awa
Published 10 Nov, 2011 12:00am
Saudi Arabia to overtake Russia as top oil producer: IEA

Saudi Arabia to overtake Russia as top oil producer: IEA

Saudi Arabia will overtake Russia as the world''s largest crude oil producer in about 2015 as output at new Russian fields fails to offset fast decline at mature deposits, the International Energy Agency (IEA) said on Wednesday. In its World Energy Outloo
Published 10 Nov, 2011 12:00am
Saudi Arabia to overtake Russia as top oil producer: IEA

Saudi Arabia to overtake Russia as top oil producer: IEA

Saudi Arabia will overtake Russia as the world's largest crude oil producer in about 2015 as output at new Russian fields fails to offset fast decline at mature deposits, the International Energy Agency (IEA) said on Wednesday. In its World Energy Outlook
Published 10 Nov, 2011 12:00am
Saudi Arabia to overtake Russia as top oil producer: IEA

Saudi Arabia to overtake Russia as top oil producer: IEA

Saudi Arabia will overtake Russia as the world's largest crude oil producer in about 2015 as output at new Russian fields fails to offset fast decline at mature deposits, the International Energy Agency (IEA) said on Wednesday. In its World Energy Outlook
Published 10 Nov, 2011 12:00am
Michael Jackson doctor found guilty of manslaughter

Michael Jackson doctor found guilty of manslaughter

Michael Jackson's personal doctor was found guilty on Monday of involuntary manslaughter in the singer's death following a six-week trial that captivated Jackson fans around the world. Dr Conrad Murray had pleaded not guilty to giving the "Thriller" singe
Published 10 Nov, 2011 12:00am
Michael Jackson doctor found guilty of manslaughter

Michael Jackson doctor found guilty of manslaughter

Michael Jackson's personal doctor was found guilty on Monday of involuntary manslaughter in the singer's death following a six-week trial that captivated Jackson fans around the world. Dr Conrad Murray had pleaded not guilty to giving the "Thriller" singe
Published 10 Nov, 2011 12:00am
Commissionerate system restored in Sindh

Commissionerate system restored in Sindh

Sindh government has restored 1979 commissionerate system in Sindh, a private TV channel reported late Wednesday night. Quoting the Chief Secretary Sindh, the channel said that notification for restoration of commissionerate system in Sindh has been issue
Published 10 Nov, 2011 12:00am
Commissionerate system restored in Sindh

Commissionerate system restored in Sindh

Sindh government has restored 1979 commissionerate system in Sindh, a private TV channel reported late Wednesday night. Quoting the Chief Secretary Sindh, the channel said that notification for restoration of commissionerate system in Sindh has been issue
Published 10 Nov, 2011 12:00am
Up to 60 Afghan Taliban killed in Nato base attack

Up to 60 Afghan Taliban killed in Nato base attack

Afghan and Nato-led troops killed 50 to 60 Taliban fighters during an attack by insurgents on a base in a volatile south-eastern Afghan province near the border with Pakistan, a provincial government spokesman said on Wednesday. The Nato-led International
Published 10 Nov, 2011 12:00am
Up to 60 Afghan Taliban killed in Nato base attack

Up to 60 Afghan Taliban killed in Nato base attack

Afghan and Nato-led troops killed 50 to 60 Taliban fighters during an attack by insurgents on a base in a volatile south-eastern Afghan province near the border with Pakistan, a provincial government spokesman said on Wednesday. The Nato-led International
Published 10 Nov, 2011 12:00am
31 Hindus found guilty over 2002 Gujarat riots

31 Hindus found guilty over 2002 Gujarat riots

An Indian court on Wednesday found 31 Hindus guilty of killing 33 Muslims in a single house during religious riots in the state of Gujarat in 2002, provoking a mixed response from activists. In some of India's worst inter-faith violence since independence
Published 10 Nov, 2011 12:00am
31 Hindus found guilty over 2002 Gujarat riots

31 Hindus found guilty over 2002 Gujarat riots

An Indian court on Wednesday found 31 Hindus guilty of killing 33 Muslims in a single house during religious riots in the state of Gujarat in 2002, provoking a mixed response from activists. In some of India's worst inter-faith violence since independence
Published 10 Nov, 2011 12:00am
Wasan accuses Mirza of extracting money

Wasan accuses Mirza of extracting money

Sindh Home Minister Manzoor Wasan, saying that Dr Zulfiqar Mirza had woken him up, alleged that his predecessor (Mirza) used to receive extortion money through his nephew Emal Mirza and Dr Nisar Morai. "Dr Mirza used to receive Rs 6 million as extortion m
Published 10 Nov, 2011 12:00am
Wasan accuses Mirza of extracting money

Wasan accuses Mirza of extracting money

Sindh Home Minister Manzoor Wasan, saying that Dr Zulfiqar Mirza had woken him up, alleged that his predecessor (Mirza) used to receive extortion money through his nephew Emal Mirza and Dr Nisar Morai. "Dr Mirza used to receive Rs 6 million as extortion m
Published 10 Nov, 2011 12:00am
Non-payment of Railways salaries: Supreme Court to resume hearing today

Non-payment of Railways salaries: Supreme Court to resume hearing today

A two-member Supreme Court bench, comprising Chief Justice IftikharMuhammad Chaudhry and Justice Shakirullah Jan on Thursday will hear suo motu case relating to non-payment of salaries and pensions to employees and workers of Pakistan Railways.The SC has
Published 10 Nov, 2011 12:00am
Non-payment of Railways salaries: Supreme Court to resume hearing today

Non-payment of Railways salaries: Supreme Court to resume hearing today

A two-member Supreme Court bench, comprising Chief Justice IftikharMuhammad Chaudhry and Justice Shakirullah Jan on Thursday will hear suo motu case relating to non-payment of salaries and pensions to employees and workers of Pakistan Railways.The SC has
Published 10 Nov, 2011 12:00am
Non-payment of Railways salaries: Supreme Court to resume hearing today

Non-payment of Railways salaries: Supreme Court to resume hearing today

A two-member Supreme Court bench, comprising Chief Justice IftikharMuhammad Chaudhry and Justice Shakirullah Jan on Thursday will hear suo motu case relating to non-payment of salaries and pensions to employees and workers of Pakistan Railways.The SC has
Published 10 Nov, 2011 12:00am
50,000 tons of urea ship due at Gwadar on November 20

50,000 tons of urea ship due at Gwadar on November 20

In response to TCP tender, awarded for import of urea, first ship carrying 50,000 tons urea is scheduled to arrive on November 20, and the second ship carrying 45,000 tons is due on November 22, 2011 at Gwadar Port. According to a press release, the arriv
Published 10 Nov, 2011 12:00am
50,000 tons of urea ship due at Gwadar on November 20

50,000 tons of urea ship due at Gwadar on November 20

In response to TCP tender, awarded for import of urea, first ship carrying 50,000 tons urea is scheduled to arrive on November 20, and the second ship carrying 45,000 tons is due on November 22, 2011 at Gwadar Port. According to a press release, the arriv
Published 10 Nov, 2011 12:00am
50,000 tons of urea ship due at Gwadar on November 20

50,000 tons of urea ship due at Gwadar on November 20

In response to TCP tender, awarded for import of urea, first ship carrying 50,000 tons urea is scheduled to arrive on November 20, and the second ship carrying 45,000 tons is due on November 22, 2011 at Gwadar Port. According to a press release, the arriv
Published 10 Nov, 2011 12:00am
Arab unrest: perspectives - XLV

Arab unrest: perspectives - XLV

"[I] also hope for [Tunisia's] Ennahda turns out to be a reasonable, moderate party that would be a good model for rest of the region," Elliott Abrams of Council of Foreign Relations tells RT TV network (previously known as Russia Today) the other day. Un
Published 10 Nov, 2011 12:00am
Arab unrest: perspectives - XLV

Arab unrest: perspectives - XLV

"[I] also hope for [Tunisia's] Ennahda turns out to be a reasonable, moderate party that would be a good model for rest of the region," Elliott Abrams of Council of Foreign Relations tells RT TV network (previously known as Russia Today) the other day. Un
Published 10 Nov, 2011 12:00am
Quarterly ST return filers receiving notices

Quarterly ST return filers receiving notices

Some registered taxpayers, liable to file quarterly sales tax returns, are receiving notices from Inland Revenue officers to file monthly returns, indicating that there are flaws in the Federal Board of Revenue (FBR) automated system which can not disting
Published 10 Nov, 2011 12:00am
Quarterly ST return filers receiving notices

Quarterly ST return filers receiving notices

Some registered taxpayers, liable to file quarterly sales tax returns, are receiving notices from Inland Revenue officers to file monthly returns, indicating that there are flaws in the Federal Board of Revenue (FBR) automated system which can not disting
Published 10 Nov, 2011 12:00am
Quarterly ST return filers receiving notices

Quarterly ST return filers receiving notices

Some registered taxpayers, liable to file quarterly sales tax returns, are receiving notices from Inland Revenue officers to file monthly returns, indicating that there are flaws in the Federal Board of Revenue (FBR) automated system which can not disting
Published 10 Nov, 2011 12:00am
Suspected claims: FBR to issue ''Red Alert'' for pre-refund analysis

Suspected claims: FBR to issue ''Red Alert'' for pre-refund analysis

The Federal Board of Revenue (FBR) has decided to issue ''Red Alerts'' during the Pre-Refund Analysis (PRA) of refund claims in cases where information has been received about suspected claims under new tax policy to combat menace of bogus/dubious refund
Published 10 Nov, 2011 12:00am
Suspected claims: FBR to issue 'Red Alert' for pre-refund analysis

Suspected claims: FBR to issue 'Red Alert' for pre-refund analysis

The Federal Board of Revenue (FBR) has decided to issue 'Red Alerts' during the Pre-Refund Analysis (PRA) of refund claims in cases where information has been received about suspected claims under new tax policy to combat menace of bogus/dubious refund cl
Published 10 Nov, 2011 12:00am
Suspected claims: FBR to issue 'Red Alert' for pre-refund analysis

Suspected claims: FBR to issue 'Red Alert' for pre-refund analysis

The Federal Board of Revenue (FBR) has decided to issue 'Red Alerts' during the Pre-Refund Analysis (PRA) of refund claims in cases where information has been received about suspected claims under new tax policy to combat menace of bogus/dubious refund cl
Published 10 Nov, 2011 12:00am
Powerful lobbies playing havoc with economy: FBR

Powerful lobbies playing havoc with economy: FBR

A policy document of the Federal Board of Revenue (FBR)-first of its kind on elimination of bogus/dubious sales tax/income tax refunds-disclosed that powerful lobbies and influential groups are playing havoc with the economy and their role in organised co
Published 10 Nov, 2011 12:00am
Powerful lobbies playing havoc with economy: FBR

Powerful lobbies playing havoc with economy: FBR

A policy document of the Federal Board of Revenue (FBR)-first of its kind on elimination of bogus/dubious sales tax/income tax refunds-disclosed that powerful lobbies and influential groups are playing havoc with the economy and their role in organised co
Published 10 Nov, 2011 12:00am
Powerful lobbies playing havoc with economy: FBR

Powerful lobbies playing havoc with economy: FBR

A policy document of the Federal Board of Revenue (FBR)-first of its kind on elimination of bogus/dubious sales tax/income tax refunds-disclosed that powerful lobbies and influential groups are playing havoc with the economy and their role in organised co
Published 10 Nov, 2011 12:00am
Aid groups warn over flood fund

Aid groups warn over flood fund

Aid groups warned on Wednesday that vital relief efforts for five million people affected by floods in fertile southern belt could be cut back because of a shortfall in foreign donations. Supplies of clean water, sanitation, food, shelter and healthcare a
Published 10 Nov, 2011 12:00am
Aid groups warn over flood fund

Aid groups warn over flood fund

Aid groups warned on Wednesday that vital relief efforts for five million people affected by floods in fertile southern belt could be cut back because of a shortfall in foreign donations. Supplies of clean water, sanitation, food, shelter and healthcare a
Published 10 Nov, 2011 12:00am
Aid groups warn over flood fund

Aid groups warn over flood fund

Aid groups warned on Wednesday that vital relief efforts for five million people affected by floods in fertile southern belt could be cut back because of a shortfall in foreign donations. Supplies of clean water, sanitation, food, shelter and healthcare a
Published 10 Nov, 2011 12:00am
Iran-Pakistan gas pipeline: Moscow offers technical support

Iran-Pakistan gas pipeline: Moscow offers technical support

Russia has offered technical support to Pakistan for laying Iran Pakistan (IP) gas pipeline in recent contacts between the top leadership of the two countries, official sources told Business Recorder. The execution of the project seems apparently u
Published 10 Nov, 2011 12:00am
Iran-Pakistan gas pipeline: Moscow offers technical support

Iran-Pakistan gas pipeline: Moscow offers technical support

Russia has offered technical support to Pakistan for laying Iran Pakistan (IP) gas pipeline in recent contacts between the top leadership of the two countries, official sources told Business Recorder. The execution of the project seems apparently u
Published 10 Nov, 2011 12:00am
Iran-Pakistan gas pipeline: Moscow offers technical support

Iran-Pakistan gas pipeline: Moscow offers technical support

Russia has offered technical support to Pakistan for laying Iran Pakistan (IP) gas pipeline in recent contacts between the top leadership of the two countries, official sources told Business Recorder. The execution of the project seems apparently u
Published 10 Nov, 2011 12:00am
Pakistan, Russia to go for FTA, currency swap accord

Pakistan, Russia to go for FTA, currency swap accord

The leaders of Pakistan and Russia have expressed willingness to speed up work on the proposed Free Trade Agreement and currency swap arrangement to boost bilateral trade and further strengthen their economic ties. Prime Minister Yousuf Raza Gilani and Ru
Published 10 Nov, 2011 12:00am
Pakistan, Russia to go for FTA, currency swap accord

Pakistan, Russia to go for FTA, currency swap accord

The leaders of Pakistan and Russia have expressed willingness to speed up work on the proposed Free Trade Agreement and currency swap arrangement to boost bilateral trade and further strengthen their economic ties. Prime Minister Yousuf Raza Gilani and Ru
Published 10 Nov, 2011 12:00am
Pakistan, Russia to go for FTA, currency swap accord

Pakistan, Russia to go for FTA, currency swap accord

The leaders of Pakistan and Russia have expressed willingness to speed up work on the proposed Free Trade Agreement and currency swap arrangement to boost bilateral trade and further strengthen their economic ties. Prime Minister Yousuf Raza Gilani and Ru
Published 10 Nov, 2011 12:00am
Islamabad assures New Delhi on MFN

Islamabad assures New Delhi on MFN

Pakistan on Wednesday assured India it will not backtrack on its decision to grant the most favoured nation (MFN) status to its South Asian arch-rival, a report said. "Let me categorically say that I don''t see a lot of room for confusion," the Press Trus
Published 10 Nov, 2011 12:00am
Islamabad assures New Delhi on MFN

Islamabad assures New Delhi on MFN

Pakistan on Wednesday assured India it will not backtrack on its decision to grant the most favoured nation (MFN) status to its South Asian arch-rival, a report said. "Let me categorically say that I don't see a lot of room for confusion," the Press Trust
Published 10 Nov, 2011 12:00am
Islamabad assures New Delhi on MFN

Islamabad assures New Delhi on MFN

Pakistan on Wednesday assured India it will not backtrack on its decision to grant the most favoured nation (MFN) status to its South Asian arch-rival, a report said. "Let me categorically say that I don't see a lot of room for confusion," the Press Trust
Published 10 Nov, 2011 12:00am
Pakistan, India say ties improving

Pakistan, India say ties improving

The foreign ministers of India and Pakistan said Wednesday that trust between their countries had improved, providing the foundation for a renewed push at their troubled peace process. India's S.M. Krishna and his counterpart Hina Rabbani Khar arrived at
Published 10 Nov, 2011 12:00am
Pakistan, India say ties improving

Pakistan, India say ties improving

The foreign ministers of India and Pakistan said Wednesday that trust between their countries had improved, providing the foundation for a renewed push at their troubled peace process. India's S.M. Krishna and his counterpart Hina Rabbani Khar arrived at
Published 10 Nov, 2011 12:00am
EU help for Pakistan: Bangladesh may withdraw complaint

EU help for Pakistan: Bangladesh may withdraw complaint

Bangladesh is considering withdrawing a complaint about a European move to grant beneficial import conditions to Pakistani textile makers as an aid measure following Pakistan''s floods last year, a senior Bangladeshi official said on Wednesday.
Published 10 Nov, 2011 12:00am
EU help for Pakistan: Bangladesh may withdraw complaint

EU help for Pakistan: Bangladesh may withdraw complaint

Bangladesh is considering withdrawing a complaint about a European move to grant beneficial import conditions to Pakistani textile makers as an aid measure following Pakistan's floods last year, a senior Bangladeshi official said on Wednesday.
Published 10 Nov, 2011 12:00am
EU help for Pakistan: Bangladesh may withdraw complaint

EU help for Pakistan: Bangladesh may withdraw complaint

Bangladesh is considering withdrawing a complaint about a European move to grant beneficial import conditions to Pakistani textile makers as an aid measure following Pakistan's floods last year, a senior Bangladeshi official said on Wednesday.
Published 10 Nov, 2011 12:00am
Sarkozy tells Obama Netanyahu is a 'liar'

Sarkozy tells Obama Netanyahu is a 'liar'

French President Nicolas Sarkozy branded Israeli Prime Minister Benjamin Netanyahu "a liar" in a private conversation with US President Barack Obama that was accidentally broadcast to journalists during last week's G20 summit in Cannes. "I cannot bear Net
Published 10 Nov, 2011 12:00am
Sarkozy tells Obama Netanyahu is a 'liar'

Sarkozy tells Obama Netanyahu is a 'liar'

French President Nicolas Sarkozy branded Israeli Prime Minister Benjamin Netanyahu "a liar" in a private conversation with US President Barack Obama that was accidentally broadcast to journalists during last week's G20 summit in Cannes. "I cannot bear Net
Published 10 Nov, 2011 12:00am
IMF warns world economy risks ''downward spiral''

IMF warns world economy risks ''downward spiral''

International Monetary Fund chief Christine Lagarde on Wednesday warned the world risked plunging into a "downward spiral" of financial instability and urged Asian economies to be on their guard. Lagarde said Asia was not immune to problems currently swee
Published 10 Nov, 2011 12:00am
IMF warns world economy risks 'downward spiral'

IMF warns world economy risks 'downward spiral'

International Monetary Fund chief Christine Lagarde on Wednesday warned the world risked plunging into a "downward spiral" of financial instability and urged Asian economies to be on their guard. Lagarde said Asia was not immune to problems currently swee
Published 10 Nov, 2011 12:00am
IMF warns world economy risks 'downward spiral'

IMF warns world economy risks 'downward spiral'

International Monetary Fund chief Christine Lagarde on Wednesday warned the world risked plunging into a "downward spiral" of financial instability and urged Asian economies to be on their guard. Lagarde said Asia was not immune to problems currently swee
Published 10 Nov, 2011 12:00am
US stocks tumble

US stocks tumble

US stocks tumbled 3 percent on Wednesday, erasing gains for the week so far, as a spike in Italian bond yields fanned worries about contagion in the European debt crisis. In afternoon trade, the Dow Jones industrial average was down 426.70 points at 11,74
Published 10 Nov, 2011 12:00am
US stocks tumble

US stocks tumble

US stocks tumbled 3 percent on Wednesday, erasing gains for the week so far, as a spike in Italian bond yields fanned worries about contagion in the European debt crisis. In afternoon trade, the Dow Jones industrial average was down 426.70 points at 11,74
Published 10 Nov, 2011 12:00am
US stocks tumble

US stocks tumble

US stocks tumbled 3 percent on Wednesday, erasing gains for the week so far, as a spike in Italian bond yields fanned worries about contagion in the European debt crisis. In afternoon trade, the Dow Jones industrial average was down 426.70 points at 11,74
Published 10 Nov, 2011 12:00am
Merkel calls for 'new Europe': Berlusconi's Italy at breaking point

Merkel calls for 'new Europe': Berlusconi's Italy at breaking point

Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government opened the way to prolonged instability and delays to long-promised economic reforms.
Published 10 Nov, 2011 12:00am
Merkel calls for 'new Europe': Berlusconi's Italy at breaking point

Merkel calls for 'new Europe': Berlusconi's Italy at breaking point

Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's insistence on elections instead of an interim government opened the way to prolonged instability and delays to long-promised economic reforms.
Published 10 Nov, 2011 12:00am
Jailed Salman Butt appeals against sentence

Jailed Salman Butt appeals against sentence

Former cricket captain Salman Butt has filed an appeal against a 30-month prison sentence for fixing parts of a test match last year, his lawyer said. Butt and bowlers Mohammad Asif and Mohammad Aamer were jailed last week for their part in a gambling-ins
Published 10 Nov, 2011 12:00am
Jailed Salman Butt appeals against sentence

Jailed Salman Butt appeals against sentence

Former cricket captain Salman Butt has filed an appeal against a 30-month prison sentence for fixing parts of a test match last year, his lawyer said. Butt and bowlers Mohammad Asif and Mohammad Aamer were jailed last week for their part in a gambling-ins
Published 10 Nov, 2011 12:00am
Zardari vows action against Haqqanis

Zardari vows action against Haqqanis

President Asif Ali Zardari has promised to work with the United States to ``eradicate'' the militant Haqqani network. President made the pledge during a conversation with visiting American lawmakers to Pakistan. Homeland Security delegation head Michael M
Published 10 Nov, 2011 12:00am
Zardari vows action against Haqqanis

Zardari vows action against Haqqanis

President Asif Ali Zardari has promised to work with the United States to ``eradicate' the militant Haqqani network. President made the pledge during a conversation with visiting American lawmakers to Pakistan. Homeland Security delegation head Michael Mc
Published 10 Nov, 2011 12:00am
GM profit falls, shares tumble on weak outlook

GM profit falls, shares tumble on weak outlook

General Motors Co posted a third-quarter profit that fell 15 percent after a loss in Europe and forecast that operating profit in the current quarter would be flat from a weak fourth quarter in 2010. GM vowed to slash costs and complexity to shore up marg
Published 10 Nov, 2011 12:00am
GM profit falls, shares tumble on weak outlook

GM profit falls, shares tumble on weak outlook

General Motors Co posted a third-quarter profit that fell 15 percent after a loss in Europe and forecast that operating profit in the current quarter would be flat from a weak fourth quarter in 2010. GM vowed to slash costs and complexity to shore up marg
Published 10 Nov, 2011 12:00am
Russia rules out direct EU rescue funds outside IMF

Russia rules out direct EU rescue funds outside IMF

President Dmitry Medvedev's top economic adviser said on Wednesday that Russia was not prepared to invest directly in the EU rescue fund and would prefer to help the eurozone through the IMF. "We are not yet prepared to examine possible direct participati
Published 10 Nov, 2011 12:00am
Russia rules out direct EU rescue funds outside IMF

Russia rules out direct EU rescue funds outside IMF

President Dmitry Medvedev's top economic adviser said on Wednesday that Russia was not prepared to invest directly in the EU rescue fund and would prefer to help the eurozone through the IMF. "We are not yet prepared to examine possible direct participati
Published 10 Nov, 2011 12:00am
Souring bank loans, car sales fuel India's economic gloom

Souring bank loans, car sales fuel India's economic gloom

India's economic gloom deepened on Wednesday as worsening loan quality at the country's biggest lender rattled investors, Moody's downgraded its outlook for banks, and October car sales skidded 24 percent, their worst drop in over a decade. The central ba
Published 10 Nov, 2011 12:00am
Russian deal with Georgia opens way to WTO

Russian deal with Georgia opens way to WTO

Russia signed a Swiss-brokered deal with Georgia on Wednesday that removes the last big obstacle to Russia joining the World Trade Organisation after 18 years of negotiations. Russia's accession will be the biggest step in world trade liberalisation since
Published 10 Nov, 2011 12:00am
China's inflation, output create room for pro-growth steps

China's inflation, output create room for pro-growth steps

Chinese industrial output grew at its weakest annual pace in a year in October and inflation fell sharply, raising expectations Beijing will do more to support economic growth by "fine tuning" policy. A flurry of data on Wednesday showed that China's fact
Published 10 Nov, 2011 12:00am
Toyota recalls 420,000 US vehicles

Toyota recalls 420,000 US vehicles

Toyota Motor Co will recall more than 420,000 vehicles in the United States to replace an engine component that could trigger steering problems, the automaker said on Wednesday. Models involved include Toyota branded Camry sedan, Solara coupe, Highlander
Published 10 Nov, 2011 12:00am
Toyota profit hit by Thai floods, withdraws outlook

Toyota profit hit by Thai floods, withdraws outlook

Toyota Motor Corp withdrew its full-year profit outlook on Tuesday as Thai floods pose a fresh threat to production just as it was recovering from supply shortages that battered profits after the March earthquake in Japan. Japan's largest automaker reaffi
Published 10 Nov, 2011 12:00am
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