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Print - 2011-11-13
Demonstrators sack Saudi embassy in Damascus

Demonstrators sack Saudi embassy in Damascus

Angry demonstrators sacked the Saudi embassy in Damascus on Saturday after the Arab League suspended Syria over its failure to honour a deal to end a bloody crackdown on anti-regime protesters, Saudi state news agency SPA reported. They first showered the
Published 13 Nov, 2011 12:00am
Bundestag ratifies Investment Treaty

Bundestag ratifies Investment Treaty

The Bilateral Investment Treaty (BIT), signed by Germany and Pakistan in 2009, has been ratified by German parliament, which has sent it to the European Commission for final approval, Pakistan''s Ambassador to Germany, Shahid Kamal, told PPI here on Satur
Published 13 Nov, 2011 12:00am
Bundestag ratifies Investment Treaty

Bundestag ratifies Investment Treaty

The Bilateral Investment Treaty (BIT), signed by Germany and Pakistan in 2009, has been ratified by German parliament, which has sent it to the European Commission for final approval, Pakistan's Ambassador to Germany, Shahid Kamal, told PPI here on Saturd
Published 13 Nov, 2011 12:00am
Bundestag ratifies Investment Treaty

Bundestag ratifies Investment Treaty

The Bilateral Investment Treaty (BIT), signed by Germany and Pakistan in 2009, has been ratified by German parliament, which has sent it to the European Commission for final approval, Pakistan's Ambassador to Germany, Shahid Kamal, told PPI here on Saturd
Published 13 Nov, 2011 12:00am
Obama praises Arab League

Obama praises Arab League

US President Barack Obama on Saturday praised the "leadership" of the Arab League after the grouping suspended Syria in a move that deepened the Damascus government's isolation. "I applaud the important decisions taken by the Arab League today, including
Published 13 Nov, 2011 12:00am
Obama praises Arab League

Obama praises Arab League

US President Barack Obama on Saturday praised the "leadership" of the Arab League after the grouping suspended Syria in a move that deepened the Damascus government's isolation. "I applaud the important decisions taken by the Arab League today, including
Published 13 Nov, 2011 12:00am
Arab League suspends Syria

Arab League suspends Syria

The Arab League on Saturday suspended Syria until President Bashar al-Assad implements an Arab deal to end violence against protesters, and called for sanctions and transition talks with the opposition. A statement, read by Qatari Prime Minister Hamad bin
Published 13 Nov, 2011 12:00am
Arab League suspends Syria

Arab League suspends Syria

The Arab League on Saturday suspended Syria until President Bashar al-Assad implements an Arab deal to end violence against protesters, and called for sanctions and transition talks with the opposition. A statement, read by Qatari Prime Minister Hamad bin
Published 13 Nov, 2011 12:00am
Singh warns Pakistan against another 26/11

Singh warns Pakistan against another 26/11

Indian Prime Minister Manmohan Singh warned Saturday Pakistan knows one more Mumbai-style terror attack would be a "big setback" to the nuclear-armed neighbours' plans to step up their peace process. Singh's statement came after he and his Pakistani count
Published 13 Nov, 2011 12:00am
Singh warns Pakistan against another 26/11

Singh warns Pakistan against another 26/11

Indian Prime Minister Manmohan Singh warned Saturday Pakistan knows one more Mumbai-style terror attack would be a "big setback" to the nuclear-armed neighbours' plans to step up their peace process. Singh's statement came after he and his Pakistani count
Published 13 Nov, 2011 12:00am
There's no need to show street power: Gilani

There's no need to show street power: Gilani

Prime Minister Syed Yousuf Raza Gilani said on Saturday that there was no need for showing street power by the government in response to the show of strength by the opposition. "All the political parties are in power and they are playing their due role in
Published 13 Nov, 2011 12:00am
There's no need to show street power: Gilani

There's no need to show street power: Gilani

Prime Minister Syed Yousuf Raza Gilani said on Saturday that there was no need for showing street power by the government in response to the show of strength by the opposition. "All the political parties are in power and they are playing their due role in
Published 13 Nov, 2011 12:00am
Unconstitutional step to oust government won't be ratified: CJP

Unconstitutional step to oust government won't be ratified: CJP

Chief Justice Iftikhar Muhammad Chaudhry on Saturday said that any step taken by armed forces without the direction of the federal government would be considered unconstitutional. Talking to members of a delegation of the National Defence University who c
Published 13 Nov, 2011 12:00am
Unconstitutional step to oust government won't be ratified: CJP

Unconstitutional step to oust government won't be ratified: CJP

Chief Justice Iftikhar Muhammad Chaudhry on Saturday said that any step taken by armed forces without the direction of the federal government would be considered unconstitutional. Talking to members of a delegation of the National Defence University who c
Published 13 Nov, 2011 12:00am
Wheat support price may be raised to Rs 1150 per 40 kg

Wheat support price may be raised to Rs 1150 per 40 kg

The government is likely to increase wheat support price by Rs 200 per 40 kg from Rs 950 per 40 kg to Rs 1150 per 40 kg due to rising inputs cost, officials said. They told Business Recorder that during the past three years prices of important inpu
Published 13 Nov, 2011 12:00am
Wheat support price may be raised to Rs 1150 per 40 kg

Wheat support price may be raised to Rs 1150 per 40 kg

The government is likely to increase wheat support price by Rs 200 per 40 kg from Rs 950 per 40 kg to Rs 1150 per 40 kg due to rising inputs cost, officials said. They told Business Recorder that during the past three years prices of important inpu
Published 13 Nov, 2011 12:00am
Wheat support price may be raised to Rs 1150 per 40 kg

Wheat support price may be raised to Rs 1150 per 40 kg

The government is likely to increase wheat support price by Rs 200 per 40 kg from Rs 950 per 40 kg to Rs 1150 per 40 kg due to rising inputs cost, officials said. They told Business Recorder that during the past three years prices of important inpu
Published 13 Nov, 2011 12:00am
Documentation: FBR eyes pharmaceutical sector and contractors

Documentation: FBR eyes pharmaceutical sector and contractors

For the first time, the Federal Board of Revenue has decided to register contractors of roads/bridges/ buildings, cinematographic films business, artistes/cinemas/theatres and check the supply chain of pharmaceutical industry for documentation of potentia
Published 13 Nov, 2011 12:00am
Documentation: FBR eyes pharmaceutical sector and contractors

Documentation: FBR eyes pharmaceutical sector and contractors

For the first time, the Federal Board of Revenue has decided to register contractors of roads/bridges/ buildings, cinematographic films business, artistes/cinemas/theatres and check the supply chain of pharmaceutical industry for documentation of potentia
Published 13 Nov, 2011 12:00am
Documentation: FBR eyes pharmaceutical sector and contractors

Documentation: FBR eyes pharmaceutical sector and contractors

For the first time, the Federal Board of Revenue has decided to register contractors of roads/bridges/ buildings, cinematographic films business, artistes/cinemas/theatres and check the supply chain of pharmaceutical industry for documentation of potentia
Published 13 Nov, 2011 12:00am
Audit authorities: World Bank expresses concern over poor performance

Audit authorities: World Bank expresses concern over poor performance

The World Bank review mission has expressed concern over poor performance of audit authorities due to weak audit functions and under-utilisation of IT-related systems in the absence of poor integration of the new systems at the Federal Board of Revenue (F
Published 13 Nov, 2011 12:00am
Audit authorities: World Bank expresses concern over poor performance

Audit authorities: World Bank expresses concern over poor performance

The World Bank review mission has expressed concern over poor performance of audit authorities due to weak audit functions and under-utilisation of IT-related systems in the absence of poor integration of the new systems at the Federal Board of Revenue (F
Published 13 Nov, 2011 12:00am
Audit authorities: World Bank expresses concern over poor performance

Audit authorities: World Bank expresses concern over poor performance

The World Bank review mission has expressed concern over poor performance of audit authorities due to weak audit functions and under-utilisation of IT-related systems in the absence of poor integration of the new systems at the Federal Board of Revenue (F
Published 13 Nov, 2011 12:00am
Audit authorities: World Bank expresses concern over poor performance

Audit authorities: World Bank expresses concern over poor performance

The World Bank review mission has expressed concern over poor performance of audit authorities due to weak audit functions and under-utilisation of IT-related systems in the absence of poor integration of the new systems at the Federal Board of Revenue (F
Published 13 Nov, 2011 12:00am
Placement of taxpayers in ''inactive list'': SRB protests with FBR

Placement of taxpayers in ''inactive list'': SRB protests with FBR

The Sindh Revenue Board (SRB) has strongly protested with Federal Board of Revenue (FBR) against placement of taxpayers rendering services in Sindh province in the "inactive list", and demanded to revive their old status without any further delay. Officia
Published 13 Nov, 2011 12:00am
Placement of taxpayers in 'inactive list': SRB protests with FBR

Placement of taxpayers in 'inactive list': SRB protests with FBR

The Sindh Revenue Board (SRB) has strongly protested with Federal Board of Revenue (FBR) against placement of taxpayers rendering services in Sindh province in the "inactive list", and demanded to revive their old status without any further delay. Officia
Published 13 Nov, 2011 12:00am
Placement of taxpayers in 'inactive list': SRB protests with FBR

Placement of taxpayers in 'inactive list': SRB protests with FBR

The Sindh Revenue Board (SRB) has strongly protested with Federal Board of Revenue (FBR) against placement of taxpayers rendering services in Sindh province in the "inactive list", and demanded to revive their old status without any further delay. Officia
Published 13 Nov, 2011 12:00am
IMF chief says Asia not immune to euro zone woes

IMF chief says Asia not immune to euro zone woes

Asia clearly continues to drive global economic recovery, but if strains in the euro zone worsen the region will be negatively affected via trade and financial sector links, International Monetary Fund chief Christine Lagarde said on Saturday. Speaking at
Published 13 Nov, 2011 12:00am
IMF chief says Asia not immune to euro zone woes

IMF chief says Asia not immune to euro zone woes

Asia clearly continues to drive global economic recovery, but if strains in the euro zone worsen the region will be negatively affected via trade and financial sector links, International Monetary Fund chief Christine Lagarde said on Saturday. Speaking at
Published 13 Nov, 2011 12:00am
IMF chief says Asia not immune to euro zone woes

IMF chief says Asia not immune to euro zone woes

Asia clearly continues to drive global economic recovery, but if strains in the euro zone worsen the region will be negatively affected via trade and financial sector links, International Monetary Fund chief Christine Lagarde said on Saturday. Speaking at
Published 13 Nov, 2011 12:00am
Berlusconi resigns amid jeering, celebrations

Berlusconi resigns amid jeering, celebrations

Prime Minister Silvio Berlusconi formally resigned on Saturday, ending one of the most scandal-plagued eras in recent Italian history amid the jeers of hundreds of protestors gathered in central Rome to celebrate his departure. President Giorgio Napolitan
Published 13 Nov, 2011 12:00am
Berlusconi resigns amid jeering, celebrations

Berlusconi resigns amid jeering, celebrations

Prime Minister Silvio Berlusconi formally resigned on Saturday, ending one of the most scandal-plagued eras in recent Italian history amid the jeers of hundreds of protestors gathered in central Rome to celebrate his departure. President Giorgio Napolitan
Published 13 Nov, 2011 12:00am
CDWP approves two Multan projects worth Rs 438.54 million

CDWP approves two Multan projects worth Rs 438.54 million

The Central Development Working Party (CDWP) has approved two projects worth Rs 438.54 million relating to Prime Minister''s southern Punjab Development Package, including provision of machinery for overloaded disposal stations WASA Multan (Revised) and s
Published 13 Nov, 2011 12:00am
CDWP approves two Multan projects worth Rs 438.54 million

CDWP approves two Multan projects worth Rs 438.54 million

The Central Development Working Party (CDWP) has approved two projects worth Rs 438.54 million relating to Prime Minister's southern Punjab Development Package, including provision of machinery for overloaded disposal stations WASA Multan (Revised) and se
Published 13 Nov, 2011 12:00am
CDWP approves two Multan projects worth Rs 438.54 million

CDWP approves two Multan projects worth Rs 438.54 million

The Central Development Working Party (CDWP) has approved two projects worth Rs 438.54 million relating to Prime Minister's southern Punjab Development Package, including provision of machinery for overloaded disposal stations WASA Multan (Revised) and se
Published 13 Nov, 2011 12:00am
Gas from Iran: SNGPL, SSGC allocated 65:35 ratio

Gas from Iran: SNGPL, SSGC allocated 65:35 ratio

The Economic Co-ordination Committee (ECC) of the Cabinet has approved allocation of gas volume of Iran-Pakistan gas pipeline to SNGPL and SSGC in the ratio of 65 percent and 35 percent. On a summary moved by Ministry of Petroleum and Natural Resources, t
Published 13 Nov, 2011 12:00am
Gas from Iran: SNGPL, SSGC allocated 65:35 ratio

Gas from Iran: SNGPL, SSGC allocated 65:35 ratio

The Economic Co-ordination Committee (ECC) of the Cabinet has approved allocation of gas volume of Iran-Pakistan gas pipeline to SNGPL and SSGC in the ratio of 65 percent and 35 percent. On a summary moved by Ministry of Petroleum and Natural Resources, t
Published 13 Nov, 2011 12:00am
Gas from Iran: SNGPL, SSGC allocated 65:35 ratio

Gas from Iran: SNGPL, SSGC allocated 65:35 ratio

The Economic Co-ordination Committee (ECC) of the Cabinet has approved allocation of gas volume of Iran-Pakistan gas pipeline to SNGPL and SSGC in the ratio of 65 percent and 35 percent. On a summary moved by Ministry of Petroleum and Natural Resources, t
Published 13 Nov, 2011 12:00am
17 dead in huge Iran ammo depot blast

17 dead in huge Iran ammo depot blast

A massive explosion at a military arms depot near the Iranian capital Tehran on Saturday killed 17 Revolutionary Guards and wounded 15, a spokesman for the elite fighting force told the semi-official Fars news agency. Officials said the blast was an accid
Published 13 Nov, 2011 12:00am
17 dead in huge Iran ammo depot blast

17 dead in huge Iran ammo depot blast

A massive explosion at a military arms depot near the Iranian capital Tehran on Saturday killed 17 Revolutionary Guards and wounded 15, a spokesman for the elite fighting force told the semi-official Fars news agency. Officials said the blast was an accid
Published 13 Nov, 2011 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (October 03 to 31 2011)

Published 13 Nov, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (November 12, 2011) and the forecast for Sunday (November 13, 2011).

Published 13 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (November 12, 2011) and for Sunday (November 13, 2011).
Published 13 Nov, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
THE RUPEE: dollar gains in buying

THE RUPEE: dollar gains in buying

The rupee lost 10 paisa versus dollar for buying and also fell in terms of euro on the currency market on Saturday in process of trading, dealers said. The rupee shed 10 paisa against dollar for buying at 86.40 while it did not show any change for selling
Published 13 Nov, 2011 12:00am
THE RUPEE: dollar gains in buying

THE RUPEE: dollar gains in buying

The rupee lost 10 paisa versus dollar for buying and also fell in terms of euro on the currency market on Saturday in process of trading, dealers said. The rupee shed 10 paisa against dollar for buying at 86.40 while it did not show any change for selling
Published 13 Nov, 2011 12:00am
Rates fall amid modest trading on grain market

Rates fall amid modest trading on grain market

Most of the commodity prices fell on the wholesale grain market on Saturday in process of modest trading, dealers said. On the grams side guwar Sindh and Punjab both dropped Rs 300 to Rs 6400-6500, yellow peas Ukraine lost Rs 50 to Rs 3650-3850 and yellow
Published 13 Nov, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was lower and January vaida was inert on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract that had ended at Rs 1308.20 showed a fall of 20 paisa in the morning session at Rs 13
Published 13 Nov, 2011 12:00am
Prices firm amid improved activity on cotton market

Prices firm amid improved activity on cotton market

Exporters' buying helped the cotton rates to keep firmness on the local market on Saturday in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,450, they said. Prices of seedcotton of both low
Published 13 Nov, 2011 12:00am
Ivorian cocoa farmgate prices higher

Ivorian cocoa farmgate prices higher

Cocoa farmgate prices in Ivory Coast's cocoa regions were firm to higher last week, pushed up in the east by smuggling to Ghana, supported in the west by competition for beans and holding firm elsewhere, farmers said. Ivory Coast set a non-binding pre-sea
Published 13 Nov, 2011 12:00am
Argentine rains could prompt soya area expansion

Argentine rains could prompt soya area expansion

Major world soya supplier Argentina got heavy rains over the last week that could set the stage for a larger-than-expected area to be planted this season, the Buenos Aires Grains Exchange said on Thursday. The exchange did not boost its soya area estimate
Published 13 Nov, 2011 12:00am
India, Indonesia negotiate rice trade deals

India, Indonesia negotiate rice trade deals

Indonesia, the world's third-biggest rice consumer, has asked India for supplies of the staple food grain after floods hit top rice exporter Thailand, potentially disrupting shipments. India, the world's second-biggest producer and consumer of rice, is wi
Published 13 Nov, 2011 12:00am
US soya rebounds from one-month low

US soya rebounds from one-month low

US soyabeans rose on Friday after a decline in prices to a one-month low spurred export interest, with a weak dollar and higher crude oil also supporting futures. Corn futures fell 1 percent and wheat also declined, bucking support from a sharply lower gr
Published 13 Nov, 2011 12:00am
HRW wheat bids steady

HRW wheat bids steady

Hard red winter wheat basis bids were steady on Friday as spot mill demand ebbed slightly against application of contracted supplies. Higher protein supplies remained in good demand as a substitution for higher-priced spring wheat. Protein premiums for ra
Published 13 Nov, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Thursday the most in six weeks, stumbling to a 2.8 percent loss for the holiday-shortened week. Stronger Canadian dollar, after data that showed a surprising trade surplus in September on energy exports, and declining U
Published 13 Nov, 2011 12:00am
Ship lending to slide in 2012 as downturn bites

Ship lending to slide in 2012 as downturn bites

Bank lending to the shipping industry is set to shrink in the coming months as low freight rates and the euro zone crisis will prompt a number of players to reduce their exposure to the seaborne sector, Citigroup's shipping chief said on Friday.
Published 13 Nov, 2011 12:00am
EU cleared 502,000 tonnes of soft wheat exports

EU cleared 502,000 tonnes of soft wheat exports

The European Union this week granted export licences for 502,000 tonnes of soft wheat, taking the total since the beginning of the 2011/12 (July-June) season to 5.54 million tonnes, official data showed on Thursday. This was the second consecutive award o
Published 13 Nov, 2011 12:00am
Port Qasim's activities

Port Qasim's activities

A cargo volume of 92,286 tonnes, comprising 76,207 tonnes of import cargo and 16,079 tonnes of export cargo inclusive 3,157 loaded & empty containers (TEUs) was handled at Port Qasim during last 24 hours on Saturday. The total import cargo of 76,207 tonne
Published 13 Nov, 2011 12:00am
UK property super-rich worth $138 billion in 2011

UK property super-rich worth $138 billion in 2011

UK's property elite grew richer at a slower pace this year, with strong safe-haven demand for top-end central London real estate offset by stagnating growth in the regions, Estates Gazette's Rich List showed on Saturday. The combined worth of the list's 2
Published 13 Nov, 2011 12:00am
Chinese paper accuses US over free trade deal

Chinese paper accuses US over free trade deal

The US is halting the "natural expansion" of a fledgling Asia-Pacific free trade deal with hostile rhetoric towards China, Beijing's state-run Global Times said in an editorial Saturday. The piece slammed remarks by US Secretary of State Hillary Clinton l
Published 13 Nov, 2011 12:00am
Vietnam, Chile sign trade pact

Vietnam, Chile sign trade pact

The leaders of Chile and Vietnam on Friday signed an accord to lift tariffs on thousands of goods, giving a boost to the small but rapidly growing trade between the Pacific Rim nations. In the fruition of talks that opened in 2006, Chilean President Sebas
Published 13 Nov, 2011 12:00am
LME suspends MF Global's steel billet warrants

LME suspends MF Global's steel billet warrants

The London Metal Exchange (LME) has suspended the validity of 274 steel billet warrants belonging to bankrupt brokerage firm MF Global, an exchange spokesman said on Saturday. "The situation has arisen due to the MF administration. The administrator has t
Published 13 Nov, 2011 12:00am
Singapore fund dumps Olympus shares, Japan steps up probe

Singapore fund dumps Olympus shares, Japan steps up probe

Singapore's sovereign wealth fund said on Saturday it has sold most of its holdings of Olympus Corp on concerns of wrongdoing, the first major shareholder to show that it has lost all confidence in the scandal-hit Japanese medical device and camera maker.
Published 13 Nov, 2011 12:00am
Singapore fund dumps Olympus shares, Japan steps up probe

Singapore fund dumps Olympus shares, Japan steps up probe

Singapore's sovereign wealth fund said on Saturday it has sold most of its holdings of Olympus Corp on concerns of wrongdoing, the first major shareholder to show that it has lost all confidence in the scandal-hit Japanese medical device and camera maker.
Published 13 Nov, 2011 12:00am
Royal Bank of Scotland leaves MBIA lawsuit

Royal Bank of Scotland leaves MBIA lawsuit

The Royal Bank of Scotland Group Plc has withdrawn from two lawsuits filed by banks challenging the 2009 restructuring of MBIA Inc, once the world's largest bond insurer. The withdrawal, which was disclosed in a stipulation filed Friday in New York State
Published 13 Nov, 2011 12:00am
Abu Dhabi's annual inflation at 22-month low

Abu Dhabi's annual inflation at 22-month low

Abu Dhabi's annual inflation rate slowed to a 22-month low of 0.9 percent in October as transport prices in the Gulf emirate eased and housing costs were unchanged, data showed on Saturday. Inflation in the emirate, which accounts for roughly 60 percent o
Published 13 Nov, 2011 12:00am
ECB should not pay for EU's sinners: Portugal Prime Minister

ECB should not pay for EU's sinners: Portugal Prime Minister

The European Central Bank should not print money to pay the debts of countries that have failed to keep budget discipline, Portuguese Prime Minister Pedro Passos Coelho said on Saturday, assuring that his country can put its finances in order. "If the ECB
Published 13 Nov, 2011 12:00am
Iraq eyes F-16 buys

Iraq eyes F-16 buys

Iraq is planning to expand its fleet of aerial reconnaissance planes "in the near future" and is hoping to sign a deal for a second batch of F-16 warplanes by next year, the country's air force chief said on Saturday. The moves, laid out by Lieutenant Gen
Published 13 Nov, 2011 12:00am
Boeing 737 draft orders reach 700

Boeing 737 draft orders reach 700

Boeing has notched up a further 100 commitments for its revamped 737 MAX, lifting the total to 700 spread between nine customers as it narrows this year's gap with European rival Airbus, the head of its commercial division said. Boeing has not yet secured
Published 13 Nov, 2011 12:00am
Brazil eases capital rules to prevent credit squeeze

Brazil eases capital rules to prevent credit squeeze

Brazil's central bank on Friday allowed banks to set aside less capital for some consumer loans of up to five years, seeking to protect local credit markets from the impact of global financial turmoil. Policy-makers lowered the so-called risk factor by wh
Published 13 Nov, 2011 12:00am
China needs 'honest coordination' on audit row: US official

China needs 'honest coordination' on audit row: US official

China needs to work honestly and quickly with foreign regulators to restore market confidence in its companies listed in North America, a senior US Treasury official said on Saturday. Chinese officials have put off meetings with their US counterparts to a
Published 13 Nov, 2011 12:00am
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