Interior Minister Rehman Malik on Saturday ruled out treason case against Pakistan's Ambassador to Washington Husain Haqqani, saying that, if required, the matter of the 'memo' would be open for investigation. Talking to reporters after attending a functi
Pakistan's ambassador to the United States of America (USA) Hussain Haqqani is said to be quizzed by the military leadership besides President Asif Ali Zardari on the controversial Memo that has shaken the Security Institutions.
Pakistan's ambassador to the United States of America (USA) Hussain Haqqani is said to be quizzed by the military leadership besides President Asif Ali Zardari on the controversial Memo that has shaken the Security Institutions.
Pakistan's ambassador to United States Hussain Haqqani will arrive in Islamabad today (Sunday), a private TV channel reported. According to the channel, Haqqani has left Washington's Dulles airport for Pakistan and is expected to reach the federal capital
Pakistan's ambassador to United States Hussain Haqqani will arrive in Islamabad today (Sunday), a private TV channel reported. According to the channel, Haqqani has left Washington's Dulles airport for Pakistan and is expected to reach the federal capital
Prime Minister Yousuf Raza Gilani on Saturday said here that Pakistan's Ambassador to the United States, Hussain Ahmad Haqqani, has been summoned regarding the issue of 'memo'. He said after he comes to Pakistan, he will present his version.
Prime Minister Yousuf Raza Gilani on Saturday said here that Pakistan's Ambassador to the United States, Hussain Ahmad Haqqani, has been summoned regarding the issue of 'memo'. He said after he comes to Pakistan, he will present his version.
Pakistan hopes to lower its costly military expenditure in the next fiscal year to below the 16 percent it took of the state's budget in the current 2011-2012 fiscal year, the army's spokesman said on Saturday. The cash-strapped country allocated "around
Pakistan hopes to lower its costly military expenditure in the next fiscal year to below the 16 percent it took of the state's budget in the current 2011-2012 fiscal year, the army's spokesman said on Saturday. The cash-strapped country allocated "around
The rupee gained versus dollar, it, however, fell in terms of euro on the currency market on Saturday, dealers said. The rupee managed to resist fall in relation to dollar, recovering five paisa for buying at 86.95 and rose by 15 paisa for selling at 87.0
The rupee gained versus dollar, it, however, fell in terms of euro on the currency market on Saturday, dealers said. The rupee managed to resist fall in relation to dollar, recovering five paisa for buying at 86.95 and rose by 15 paisa for selling at 87.0
Britain will not be unveiling instant fixes to boost its anaemic economy when it publishes a growth review later this month, a senior government minister said in remarks published on Saturday. "What I hope people are not expecting is that any politician c
Anti-capitalist activists formally opened their third London site Saturday, in a ceremony marking the transformation of a building owned by Swiss financial giant UBS into a "bank of ideas". Three-year-old Hali and grandmother Tina Rothery cut a red ribbon
European Union negotiators agreed to a two percent rise in the bloc's budget for next year to 129 billion euros ($174 billion), following more than fifteen hours of talks which ended in the early hours of Saturday morning. The deal was seen as a victory f
Despite prodding from the White House, a US congressional "supercommittee" remained deadlocked Saturday on forging a deal to cut $1.2 trillion from government deficits over 10 years. The 12-member panel has till Monday to make public at least a tentative
President Barack Obama said on Saturday the United States has relied too much on buying, consuming and amassing debt in the past decade and must now work harder to restore its manufacturing might to spur exports and create jobs.
Japanese Prime Minister Yoshihiko Noda said on Saturday Asia needs to consider further steps to avoid a financial crisis as the eurozone's debt problems could spill into the region. While Asia has become more resilient due to its economic management since
Regulators closed two banks in the US, one in Iowa and one in Louisiana on Friday, lifting the total number of closures this year to 90. The Federal Deposit Insurance Corp said Central Progressive Bank of Lacombe, Louisiana had been closed and its 17 bran
The European Union and India will work "full steam ahead" in talks due to start next week on clinching an ambitious free trade pact ahead of a February deadline, the EU said Saturday. India has been in discussions with the EU, its biggest trading partner,
Adidas, the German sportswear and equipment maker, is to launch a shoe costing one dollar a pair in India, boss Herbert Hainer said, despite the failure of a similar venture in Bangladesh. He told the Sunday newspaper Die Welt am Sonntag that unlike in Ba
China will make the yuan more flexible in either direction and recent reforms to make the currency more market-oriented have begun to achieve some results, Premier Wen Jiabao said on Saturday.
The Pentagon says it has awarded defence contractor Lockheed Martin Corp a contract worth up to $7.4 billion to upgrade the systems in the Air Force's F-22 Raptor fighter jet. The contract calls for Lockheed to develop system upgrades, add new capabilitie
The Australian arm of collapsed US futures broker MF Global Holdings Ltd has been shut down by the administrator Deloitte after no buyers could be found, the Australian newspaper reported on Saturday Employees were told by the administrator on Friday that
The Iranian government has asked its citizens not to buy dollars, in an effort to stem a rush for hard currency that has sent the exchange rate plummeting in recent months. The official news agency IRNA quoted Economy Minister Shamseddin Hosseini on Satur
Easier trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract thathad ended at Rs 1308.50 opened with a fall of Rs 1.30 to 1307.20. The January vaida which ended at Rs 1175.30 also co
Better-than-expected phutti arrivals and declining trend in the NY cotton futures pushed prices down on the cotton market on Saturday, dealers said. The Karachi Cotton Association (KCA) official spot rate was unmoved at Rs 5,800, they said.
China expects domestic corn prices to remain mostly stable as both the government and state-owned grain companies start to stockpile corn following a bumper harvest, the State Grain Administration said on Friday. The administration did not give any detail
ICE Canadian canola futures fell on Friday for the third straight session, pressured by early weakness in grain markets and technical selling, but canola ended with a weekly gain. Canola trading below most key moving averages. Total volume was thin at 15,
US corn fell to a five-week low on Friday, dropping over 4 percent for the week as export demand for corn waned and on jitters over the fate of the global economy as the euro zone debt crisis kept dominating financial headlines. Analysts said that althoug
US soyabeans edged higher on Friday, boosted by Chinese demand and a weaker dollar while US wheat also rose in a modest rebound from the prior session's four-month low. Corn was little changed as it continued to struggle with sluggish demand.
Concerns about overly-dry weather in the early stages of the development of Brazil's coffee crop have eased after good showers this week that look set to continue, a forecaster and agronomist said. Trees had begun shedding some delicate blossoms due to dr
Indonesia, now struggling with slumping coffee output due to hot and wet weather, has set an ambitious goal to be the world's No 2 producer within five years, an executive at an industry association said on Wednesday. Indonesia is the world's fourth-large
Ukraine, which plans to harvest a record 20-22 million tonnes of maize this year, exported around 1.0 million tonnes of the commodity in the first half of November that is almost the same volume as in all of October, grain lobby said on Thursday. Ukrainia
China has bought another 500,000 tonnes to 600,000 tonnes of soyabeans to fill its state reserves and take advantage of low global prices, traders said on Thursday. China aims to import a total of 2 million tonnes of soyabeans in the 2011/2012 year, and t
Colombia's coffee growers federation said on Friday that bean production would be 8 million 60-kg bags this year, worse than earlier predictions about the impact of heavy rains on output. This is the third consecutive year that coffee production in the wo
A cargo volume of 51,414 tonnes, comprising 50,115 tonnes of import cargo and 1,299 tonnes of export cargo was handled at Port Qasim during last 24 hours on Saturday. The total import cargo of 50,115 tonnes includes 29,056 tonnes of furnace oil; 14 tonnes
Soyabean export premiums at the US Gulf Coast edged higher on Friday after sales to China, which this week booked its largest US soya purchases in at least a month, traders said. Chinese importers may have booked three fresh cargoes of US soyabeans on Fri
Brazil's government is working on a new rule to further limit the purchase of farm land by foreigners, arguing that the current legislation has been "insufficient," a Brazilian newspaper said on Saturday. The new rule, which could come as a decree, aims t
Adidas, the world's second-largest maker of sports apparel, expects its revenues and profits to grow further next year despite the eurozone debt crisis, its chief executive said in an interview with a German newspaper.
Adidas, the world's second-largest maker of sports apparel, expects its revenues and profits to grow further next year despite the eurozone debt crisis, its chief executive said in an interview with a German newspaper.
As attention in the Olympus accounting scandal turns to whether funds used to cover up losses were funnelled to criminal groups, scrutiny is set to increase on deals not yet in the spotlight, including an ill-fated $780 million investment in technology fi
Yemen's Aden oil refinery stopped production on Saturday after crude supplies ran out due to an attack on a supply pipeline, a company official said. The production stop was likely to bring back fuel shortages that hit the impoverished Arab country earlie
Leaders of Japan, China and South Korea on Saturday agreed to seek a trilateral investment treaty by the end of this year as a way to speed up talks on a free trade pact among the three countries, a senior Japanese official said. They also agreed to finis
US Secretary of State Hillary Clinton announced $600 million in aid for Indonesia Saturday, most of it for "green prosperity" in the world's third-biggest greenhouse gas emitter. The money will be funnelled through the Millennium Challenge Corporation (MC
The telecoms market faces a lean year in 2012 but Telecom Italia will do better than the overall sector as it looks to web-based services to help boost revenue, the chief executive of Italy's biggest telecoms company said on Saturday. "The telecoms market
French nuclear group Areva will be cutting 1,300 jobs in Germany in reaction to the German government's decision to shut all nuclear reactors by 2022, a German magazine said on Saturday. Areva will announce details of its plan on December 13, Der Spiegel
Green-clad security agents swoop down on an upscale business complex to shutter the offices of a Canadian car dealership. Top executives at Cuba's famed cigar monopoly find themselves behind bars. A former government minister trades his seat in power for
India's federal police on Saturday conducted searches at Vodafone's Indian unit and Bharti Airtel's offices seeking details on spectrum allocation by the government to operators between 2001-02. The searches were in regard to possible irregularities in al
India's struggling Kingfisher Airlines slipped in market share to the third position in October, from second in September, ceding ground to budget airline IndiGo, government data showed. Kingfisher is unlikely to recover lost ground in coming months becau
Switzerland could see a deal within the next three to six months to end a long-simmering dispute over how it will hand over data to the United States on wealthy Americans suspected of dodging taxes, Julius Baer Chief Executive said on Saturday.
McDonald's has dropped a Minnesota-based egg supplier after an animal rights group released an undercover video of operations at the egg producer's farms in three states. The video by Mercy for Animals shows what it calls animal cruelty, including a worke
Japanese government bonds gained on Friday as surging bond yields in eurozone nations fuelled fears the debt crisis there could spiral out of control, with the yield curve bull-flattening as super-longs were picked up on dips. In a sign that global fundin
Japanese government bonds gained on Friday as surging bond yields in eurozone nations fuelled fears the debt crisis there could spiral out of control, with the yield curve bull-flattening as super-longs were picked up on dips. In a sign that global fundin
Mongolia plans to list its giant Tavan Tolgoi coal mine in Hong Kong, London and the Mongolian capital of Ulan Bator, but it is still too early to say exactly when, the newly appointed chief financial officer for the project told Reuters.
Sri Lanka's stock market gained on Friday in bargain-hunting ahead of the 2012 budget next week, while the rupee currency ended weaker as the central bank raised the dollar trading band. The main share index rose 0.79 percent or 47.96 points firmer at 6,1
Indian federal bond yields rose on Friday as investors trimmed positions after underwriters were forced to buy some bonds at a debt sale, a decision by the central bank that was likely made to avoid a further rise in government borrowing costs.
Indian federal bond yields rose on Friday as investors trimmed positions after underwriters were forced to buy some bonds at a debt sale, a decision by the central bank that was likely made to avoid a further rise in government borrowing costs.
Toronto's main stock index was down slightly at midday on Friday as resource and financial issues fell on concerns that European policymakers were not acting urgently enough to resolve the debt crisis. Commodity stocks looked to rebound after their bigges
US Treasuries prices fell on Friday as Italian government bond yields eased and the European Central Bank intervened in markets to lean against the higher premiums investors have been demanding for European debt. The possibility the ECB might start lendin
US Treasuries prices fell on Friday as Italian government bond yields eased and the European Central Bank intervened in markets to lean against the higher premiums investors have been demanding for European debt. The possibility the ECB might start lendin
Russia's Otkritie Financial Corporation, 20-percent owned by lender VTB, has mothballed plans for an initial public offering and expects markets to remain tough for perhaps five years, its chairman told Reuters. Otkritie, a holding company that owns a bro
Turkey's benchmark bond yield fell 22 basis points on Friday as traders saw opportunities to buy after morning losses, while the lira weakened against the dollar as investors worried about eurozone debt problems. The yield on Turkey's benchmark bond matur
Latin American stocks fell on Friday in choppy trade, as light volumes underscored investor reluctance due to persistent worries that the eurozone sovereign debt crisis is widening. The MSCI Latin American stock index lost 0.9 percent, falling to a four-w
Synacor Inc, partly owned by Intel Corp, filed with US regulators on Friday to raise up to $75 million in an initial public offering, reviving its plans to tap the public markets after three years. In a filing with the US Securities and Exchange Commissio
US-listed shares of overseas companies were flat on Friday, while European banks mostly rose in spite of lingering worries over the region's debt crisis. Some support came as Italian and Spanish bond yields fell following buying by the European Central Ba
The worst week for US stocks in two months ended with traders mostly sitting it out on Friday as they waited for politicians in Europe and the United States to tackle festering debt problems. The Dow and S&P 500 were little changed and the Nasdaq composit
The euro has held up relatively well on the foreign exchanges despite a two-year-old sovereign debt crisis that has seen euro-denominated bond yields rising to record levels and talk the currency bloc may not even survive. The euro has weakened in recent
Currency speculators raised their bets in favour of the US dollar in the latest week to their largest in a month, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $10.1
The Canadian dollar edged slightly higher against the US currency on Friday, breaking four days of losses, as higher than expected domestic inflation data curbed market bets for an interest rate cut. The consumer price index rose 2.9 percent in October fr
Investors will remain wary of placing bets in favour of the euro, with issues on both sides of the Atlantic likely to contain risk appetite. While the euro rose against the dollar on Friday on the possibility the European Central Bank and the Internationa
The Swiss franc climbed against the dollar on Friday and also gained a touch versus the euro, but analysts saw further strength against the greenback unlikely given concerns about the euro zone's debt crisis worsening. The franc has traded almost in tande