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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-12-03
KES Power fully subscribes to rights shares

KES Power fully subscribes to rights shares

The sponsors and holding company of Karachi Electric Supply Company (KESC), M/s KES Power Ltd have fully subscribed to their portion (72.58 percent) or rights shares at the subscription price of Rs 3.50 per share. According to a communiqué to KSE here Fri
Published 03 Dec, 2011 12:00am
Bearish sentiments prevail on LSE

Bearish sentiments prevail on LSE

Bearish sentiments prevail on the Lahore Stock Exchange (LSE) and the equities registered declines across the board amid selling pressure. The LSE-25 index lost 70.20 points and was ended at 2889.96 points against 2960.16 points of Thursday, while transac
Published 03 Dec, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 03 Dec, 2011 12:00am
Bearish sentiments prevail on LSE

Bearish sentiments prevail on LSE

Bearish sentiments prevail on the Lahore Stock Exchange (LSE) and the equities registered declines across the board amid selling pressure. The LSE-25 index lost 70.20 points and was ended at 2889.96 points against 2960.16 points of Thursday, while transac
Published 03 Dec, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Dec, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 41.73 points, as the Index moved from 2,644.84 to 2,603.11 points.
Published 03 Dec, 2011 12:00am
KES Power fully subscribes to rights shares

KES Power fully subscribes to rights shares

The sponsors and holding company of Karachi Electric Supply Company (KESC), M/s KES Power Ltd have fully subscribed to their portion (72.58 percent) or rights shares at the subscription price of Rs 3.50 per share. According to a communiqué to KSE here Fri
Published 03 Dec, 2011 12:00am
KES Power fully subscribes to rights shares

KES Power fully subscribes to rights shares

The sponsors and holding company of Karachi Electric Supply Company (KESC), M/s KES Power Ltd have fully subscribed to their portion (72.58 percent) or rights shares at the subscription price of Rs 3.50 per share. According to a communiqué to KSE here Fri
Published 03 Dec, 2011 12:00am
KES Power fully subscribes to rights shares

KES Power fully subscribes to rights shares

The sponsors and holding company of Karachi Electric Supply Company (KESC), M/s KES Power Ltd have fully subscribed to their portion (72.58 percent) or rights shares at the subscription price of Rs 3.50 per share. According to a communiqué to KSE here Fri
Published 03 Dec, 2011 12:00am
Pakistan, IDB finalise $3 billion 'Country Partnership Strategy'

Pakistan, IDB finalise $3 billion 'Country Partnership Strategy'

Pakistan and the Islamic Development Bank (IDB) have finalised negotiation on 'Country Partnership Strategy' worth $3 billion for a period of three years, while approval from the bank's board is awaited. This was stated by Economic Affairs Division Secret
Published 03 Dec, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 02, 2011).

Published 03 Dec, 2011 12:00am
Pakistan denies OK given for Nato air strike

Pakistan denies OK given for Nato air strike

A Pakistani official on Friday denied a Western newspaper report that Pakistani officials gave the go-ahead to a Nato air strike that killed 24 troops, unaware that their own forces were in the area. Last weekend's cross-border attack has caused public ou
Published 03 Dec, 2011 12:00am
Pakistan denies OK given for Nato air strike

Pakistan denies OK given for Nato air strike

A Pakistani official on Friday denied a Western newspaper report that Pakistani officials gave the go-ahead to a Nato air strike that killed 24 troops, unaware that their own forces were in the area. Last weekend's cross-border attack has caused public ou
Published 03 Dec, 2011 12:00am
Three percent fee/charges: Prime Minister assures CCP secured funding

Three percent fee/charges: Prime Minister assures CCP secured funding

Prime Minister Syed Yousuf Raza Gilani on Friday assured the Competition Commission of Pakistan (CCP) that secured source of funding would be provided to the Commission through provision of 3 percent of fee/charges collected by regulatory authorities to e
Published 03 Dec, 2011 12:00am
Three percent fee/charges: Prime Minister assures CCP secured funding

Three percent fee/charges: Prime Minister assures CCP secured funding

Prime Minister Syed Yousuf Raza Gilani on Friday assured the Competition Commission of Pakistan (CCP) that secured source of funding would be provided to the Commission through provision of 3 percent of fee/charges collected by regulatory authorities to e
Published 03 Dec, 2011 12:00am
Three percent fee/charges: Prime Minister assures CCP secured funding

Three percent fee/charges: Prime Minister assures CCP secured funding

Prime Minister Syed Yousuf Raza Gilani on Friday assured the Competition Commission of Pakistan (CCP) that secured source of funding would be provided to the Commission through provision of 3 percent of fee/charges collected by regulatory authorities to e
Published 03 Dec, 2011 12:00am
EU slaps sanctions on Syrian finance minister, oil firms

EU slaps sanctions on Syrian finance minister, oil firms

The European Union expanded its sanctions list against Syria on Friday to include Syria's finance and economy ministers, state-owned oil companies and two media organisations. Finance Minister Mohammad al-Jleilati and Economy Minister Mohammad Nidal al-Sh
Published 03 Dec, 2011 12:00am
EU slaps sanctions on Syrian finance minister, oil firms

EU slaps sanctions on Syrian finance minister, oil firms

The European Union expanded its sanctions list against Syria on Friday to include Syria's finance and economy ministers, state-owned oil companies and two media organisations. Finance Minister Mohammad al-Jleilati and Economy Minister Mohammad Nidal al-Sh
Published 03 Dec, 2011 12:00am
EU slaps sanctions on Syrian finance minister, oil firms

EU slaps sanctions on Syrian finance minister, oil firms

The European Union expanded its sanctions list against Syria on Friday to include Syria''s finance and economy ministers, state-owned oil companies and two media organisations. Finance Minister Mohammad al-Jleilati and Economy Minister Mohammad Nidal al-S
Published 03 Dec, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 41.73 points, as the Index moved from 2,644.84 to 2,603.11 points.
Published 03 Dec, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Dec, 2011 12:00am
China says cannot use reserves to save Europe

China says cannot use reserves to save Europe

Europe cannot expect China to use a big portion of its $3.2 trillion foreign exchange reserves to rescue indebted nations, a top Chinese foreign ministry official said on Friday, Beijing's strongest rebuttal yet to suggestions it should bail out the euro
Published 03 Dec, 2011 12:00am
Iranian diplomats leave Britain

Iranian diplomats leave Britain

Diplomats at the Iranian embassy in London left Britain on Friday after being expelled following the storming of the British embassy in Tehran, the Foreign Office said. "I can confirm that, earlier this afternoon, all diplomatic staff of the Iranian embas
Published 03 Dec, 2011 12:00am
Protesters demand 'saving' Jordan from corruption

Protesters demand 'saving' Jordan from corruption

More than a thousand Jordanian protesters demonstrated Friday in central Amman calling for the country to be saved from corruption and demanding regime reforms. "Saving Jordan from corruption is a national duty," read a banner carried by the protesters, i
Published 03 Dec, 2011 12:00am
US panel okays China solar panel unfair trade probe

US panel okays China solar panel unfair trade probe

A US trade panel on Friday approved an investigation into charges of unfair Chinese trade practices in the solar energy sector, setting the stage for possible steep US duties and ratcheting up tensions with Beijing on the green trade front. The US Interna
Published 03 Dec, 2011 12:00am
Bhopal survivors protest Dow's Olympic sponsorship

Bhopal survivors protest Dow's Olympic sponsorship

Hundreds of survivors of the world's worst industrial disaster burned effigies of two Olympics officials Friday to protest Dow Chemicals' sponsorship of the London Games. The protests were on the eve of the 27th anniversary of the disaster in Bhopal, Indi
Published 03 Dec, 2011 12:00am
Indian government slams political gamesmanship on retail reform

Indian government slams political gamesmanship on retail reform

India's finance minister on Friday blamed "narrow" politics for the storm over plans to open the nation's huge retail sector to global competition that paralysed parliament for a second week. The move to allow foreign investment by Wal-Mart and other supe
Published 03 Dec, 2011 12:00am
Nestle fined by Venezuela in milk probe

Nestle fined by Venezuela in milk probe

Venezuela has fined the Swiss food giant Nestle $88,000 under a new consumer protection law for holding back some 25 tons of powdered milk for infants, news reports said Friday. Officials said Nestle had retained the milk in its warehouses in eastern Vene
Published 03 Dec, 2011 12:00am
Despite concerns, Euro organisers give thumbs up

Despite concerns, Euro organisers give thumbs up

Hours before Friday's Euro 2012 draw, the organisers have insisted next year's tournament will be a huge success, despite concerns here about a lack of hotel rooms and inadequate infrastructure. "Euro 2012 will be a resounding success, a milestone in the
Published 03 Dec, 2011 12:00am
PSG slump as three clubs make Europa last 32

PSG slump as three clubs make Europa last 32

Schalke 04, Lokomotiv Moscow and Stoke City sealed places in the last 32 of the Europa League but a 2-0 defeat at Salzburg left Paris St Germain coach Antoine Kombouare looking over his shoulder on Thursday. The French side were leapfrogged by Salzburg in
Published 03 Dec, 2011 12:00am
Last-hole birdie gives McDowell Sun City lead

Last-hole birdie gives McDowell Sun City lead

Graeme McDowell of Northern Ireland brushed aside a back-nine double-bogey seven to birdie the last hole on Friday and take a one-stroke halfway lead in the Nedbank Golf Challenge. The gritty 2010 US Open champion carded a five-under-par 67 - the lowest s
Published 03 Dec, 2011 12:00am
Nadal hands Spain Davis Cup final lead

Nadal hands Spain Davis Cup final lead

Rafael Nadal brushed aside Juan Monaco 6-1, 6-1, 6-2 to give Spain the first point of the Davis Cup final against Argentina here on Friday. David Ferrer and Juan Martin Del Potro meet later in the second singles rubber at the Estadio Olimpico, and history
Published 03 Dec, 2011 12:00am
Ferrari, Red Bull leave team association

Ferrari, Red Bull leave team association

Ferrari and world champions Red Bull have both decided to withdraw from the Formula One Teams Association (FOTA), the organisation announced on Friday, amid a row over how to reduce costs in the sport. The teams confirmed their intention to pull out on Fr
Published 03 Dec, 2011 12:00am
Collingwood eyes England comeback

Collingwood eyes England comeback

Former England one-day captain Paul Collingwood is hoping stints at domestic level in Australia and India can help him force his way back into his country's limited overs set-up. Collingwood, now 35, retired from Tests after the triumphant Ashes series la
Published 03 Dec, 2011 12:00am
MacGill out of retirement for Big Bash

MacGill out of retirement for Big Bash

Former Australian Test leg spinner Stuart MacGill announced Friday he was coming out of retirement to play for the Sydney Sixers in the domestic Big Bash competition. MacGill, who retired from international cricket in 2008 with 208 Test wickets at an aver
Published 03 Dec, 2011 12:00am
Ponting leads Australian fightback

Ponting leads Australian fightback

Ricky Ponting, searching for an elusive century to save his Test career, led an Australian fightback on the second day of the first Test against New Zealand at the Gabba on Friday. Ponting, without a century in his previous 28 Test innings and under press
Published 03 Dec, 2011 12:00am
J-League set for thrilling climax

J-League set for thrilling climax

Japan's J-League is set for a grandstand finish this weekend with the top three clubs all capable of snatching the title as they head into the last round separated by just two points. Surprise package Kashiwa Reysol, who lead by a point, can become champi
Published 03 Dec, 2011 12:00am
Wozniacki hires Sanchez as new coach

Wozniacki hires Sanchez as new coach

World tennis number one Caroline Wozniacki of Denmark has hired Spaniard Ricardo Sanchez as her new coach, Danish daily Ekstra Bladet reported Friday. Sanchez has until now coached former number one Jelena Jankovic of Serbia. He will replace Piotr Wozniac
Published 03 Dec, 2011 12:00am
Money markets reluctant to price much more easing

Money markets reluctant to price much more easing

Any dovish signals from the European Central Bank at its meeting next week could give investors the green light to start pricing in unprecedented monetary easing and may trigger a sharp fall in short-term eurozone interest rates. Money market rates are fu
Published 03 Dec, 2011 12:00am
Asian FX set for weekly gains

Asian FX set for weekly gains

Emerging Asian currencies are poised for their first weekly gain since late October buoyed by the joint central bank action and some short-covering, although caution ahead of the US jobs data and dollar-buying by regional central banks kept them subdued o
Published 03 Dec, 2011 12:00am
Indian rupee snaps four-week losing streak

Indian rupee snaps four-week losing streak

The Indian rupee snapped a four-week losing trend, adding 2 percent on the week, on robust dollar inflows into domestic bonds and supported by gains in world stocks following six major central banks' move to cut funding costs for banks. The partially conv
Published 03 Dec, 2011 12:00am
Australian and New Zealand dollars hold gains

Australian and New Zealand dollars hold gains

The Australian and New Zealand dollars held on to recent hefty gains in a quiet session on Friday, ahead of the closely-watched US non-farm payrolls report and an event-packed week in Australia. The Aussie dollar stood at $1.0221, barely changed from late
Published 03 Dec, 2011 12:00am
Euro keeps rising

Euro keeps rising

The euro rose against the dollar for a fourth straight session on Thursday, a trend that could continue if upcoming US jobs data adds fuel to risk appetite. While the single-currency was buoyed by generally successful Spanish and French debt auctions, tra
Published 03 Dec, 2011 12:00am
Early trade in New York: Euro rises for fifth day

Early trade in New York: Euro rises for fifth day

The euro rose for a fifth straight session against the dollar on Friday, bolstered by speculation that the European Central Bank may lend to weak eurozone countries through the International Monetary Fund. The drop in US unemployment rate to 8.6 percent l
Published 03 Dec, 2011 12:00am
Euro gains in London

Euro gains in London

The euro rose against the dollar on Friday on expectations that US jobs data would show the economy slowly recovering and on talk of the possibility the European Central Bank may lend to weak eurozone countries via the IMF. The talk sparked hopes of some
Published 03 Dec, 2011 12:00am
Euro consolidates in Asia

Euro consolidates in Asia

The euro struggled to make much headway on Friday, consolidating this week's gains as traders stuck to the sidelines ahead of a crucial US jobs report and event-packed week that could prove decisive for the currency bloc. The non-farm payrolls report is e
Published 03 Dec, 2011 12:00am
Sterling off highs

Sterling off highs

Sterling gave up gains against the dollar on Friday, as investors booked profits on a move higher in riskier currencies after better-than-expected headline US jobs data with a gloomy UK economic outlook also weighing on sentiment. US employment growth pic
Published 03 Dec, 2011 12:00am
Yuan ends up

Yuan ends up

The yuan ended up against the dollar on Friday, brushing the lower end of its daily trading band in the morning although it pulled away slightly later, underlining strong market demand for the US currency. "Dollar liquidity is still quite tight in the mar
Published 03 Dec, 2011 12:00am
FTSE posts biggest weekly gain in almost three years

FTSE posts biggest weekly gain in almost three years

Britain's top shares posted their highest weekly percentage gain since January 2009, buoyed by central banks' moves to boost liquidity and prospects for next week's key summit to tackle the eurozone debt crisis. US data showing the unemployment rate fell
Published 03 Dec, 2011 12:00am
Indian shares log solid gains

Indian shares log solid gains

Indian shares posted solid gains for a third straight day on Friday and logged their best week since July 2009 on prospects of a revival in foreign fund inflows and expectations of a pick up in domestic growth. Hopes of an upbeat US jobs data and a concre
Published 03 Dec, 2011 12:00am
European stocks rally

European stocks rally

European shares rallied on Friday, boosted by optimism over a solution to the eurozone debt crisis at next week's EU summit and a surprise drop in the US jobless rate, capping a week of sharp gains. London's FTSE-100 index of top companies gained 1.15 per
Published 03 Dec, 2011 12:00am
Hong Kong shares up; China's index slips

Hong Kong shares up; China's index slips

Hong Kong shares, which snagged their first weekly gain in five, reversed early losses from profit-taking on Friday and edged 0.2 percent higher as investors warily awaited US payroll data and next week's European summit. The late-in-the-day reversal on t
Published 03 Dec, 2011 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks ended down 0.53 percent on Friday, dragged lower by defensive plays such as glass and ceramics and food counters. The main TAIEX index fell 38.01 points to 7,140.68, after opening down 0.2 percent. Fund managers said the decline should pause
Published 03 Dec, 2011 12:00am
Treasuries fall on reduced investor jitters

Treasuries fall on reduced investor jitters

US Treasury debt prices fell on Thursday on reduced investor worries over the state of the US economy and the eurozone debt crisis, although the lack of a comprehensive policy solution to solve Europe's fiscal woes curbed the losses.
Published 03 Dec, 2011 12:00am
Treasuries fall on reduced investor jitters

Treasuries fall on reduced investor jitters

US Treasury debt prices fell on Thursday on reduced investor worries over the state of the US economy and the eurozone debt crisis, although the lack of a comprehensive policy solution to solve Europe's fiscal woes curbed the losses.
Published 03 Dec, 2011 12:00am
Wall Street slips

Wall Street slips

US stocks treaded water on Thursday after the previous day's massive gains, but traders worried that recent strong data could set the market up for a selloff should Friday's jobs report fall short of hopes. Both the Dow and the S&P 500 dipped and the Nasd
Published 03 Dec, 2011 12:00am
Friday's midday trade: stocks rise

Friday's midday trade: stocks rise

US stocks rose on Friday, on course for their best week in almost three years, after the US unemployment rate dropped to a 2-1/2 year low, but resistance close to a key technical level limited gains as traders booked profits before the weekend. Improving
Published 03 Dec, 2011 12:00am
Nikkei logs biggest weekly gain in two years

Nikkei logs biggest weekly gain in two years

The Nikkei average extended gains to log its biggest weekly advance in two years on Friday, though the mood was far from upbeat given uncertainty over whether Europe will next week manage to cobble together steps to counter the debt crisis there. After ra
Published 03 Dec, 2011 12:00am
Seoul shares flat

Seoul shares flat

Seoul shares ended flat on Friday after sharp gains in the previous session, with investors wary ahead of a US jobs report and amid ongoing efforts in the eurozone to tackle the debt crisis. "The market is just taking a breather after yesterday's rally. I
Published 03 Dec, 2011 12:00am
Southeast Asian stocks gain

Southeast Asian stocks gain

Most Southeast Asian markets edged up on Friday as investors cautiously bet on risky assets, hoping for the picture in Europe to brighten. The region's stocks rallied on optimism that a Europe summit next week will produce firms measures that follow up on
Published 03 Dec, 2011 12:00am
US jobless rate drops to 2-1/2 year low

US jobless rate drops to 2-1/2 year low

The US unemployment rate fell to a 2-1/2 year low in November, even though the pace of hiring remained too slow to suggest a significant quickening of the recovery. Nonfarm payrolls increased by 120,000 jobs last month, the Labour Department said on Frida
Published 03 Dec, 2011 12:00am
Japan's Honda recalls 304,000 vehicles world-wide

Japan's Honda recalls 304,000 vehicles world-wide

Japan's Honda Motor is recalling more than 300,000 cars worldwide, including models of the popular Accord and Civic, because of a defect in the driver's airbag, the company said Friday. In the worst case scenario, the gas container which inflates the airb
Published 03 Dec, 2011 12:00am
Eurozone PPI benign

Eurozone PPI benign

Eurozone producer prices rose less than expected month-on-month in October and core producer prices fell, data showed on Friday, pointing to weakening inflationary pressure and adding to the case for an ECB interest rate cut next week. The European Union'
Published 03 Dec, 2011 12:00am
RBS sells 918 UK pubs to Heineken

RBS sells 918 UK pubs to Heineken

Royal Bank of Scotland has sold its 918 tenanted pubs in Britain to Dutch brewer Heineken for 422 million pounds ($662 million), another step in its exit from non-core businesses following a government bailout. Heineken, the world's third-largest brewer a
Published 03 Dec, 2011 12:00am
EU details steps taken for compliance in Airbus case

EU details steps taken for compliance in Airbus case

The European Union spelled out 36 steps it had taken to comply with a ruling by a panel of the WTO's dispute settlement body (DSB) after the United States complained about subsidies the EU gave to planemaker Airbus. Among the steps taken to meet the WTO's
Published 03 Dec, 2011 12:00am
RIM won't meet targets, stock slumps

RIM won't meet targets, stock slumps

In the latest in a drumbeat of dismal news, Research in Motion warned on Friday it would fall short of its financial targets after taking a huge charge to write down inventories on its languishing PlayBook tablet, and its shares tumbled more than 8 percen
Published 03 Dec, 2011 12:00am
RIM won't meet targets, stock slumps

RIM won't meet targets, stock slumps

In the latest in a drumbeat of dismal news, Research in Motion warned on Friday it would fall short of its financial targets after taking a huge charge to write down inventories on its languishing PlayBook tablet, and its shares tumbled more than 8 percen
Published 03 Dec, 2011 12:00am
US approves Google's acquisition of Admeld

US approves Google's acquisition of Admeld

The US Justice Department on Friday approved Google's $400 million acquisition of Admeld, a company that provides an online advertising platform for publishers. The Justice Department said that a review of the transaction by its antitrust division had con
Published 03 Dec, 2011 12:00am
Commerzbank names new finance chief

Commerzbank names new finance chief

Comme-rzbank, Germany's second-biggest bank, said on Friday it had hired Stephan Engels, currently head of finance at carmaker Mercedes Benz, to become its new chief financial officer from next year. "At its meeting today the supervisory board appointed S
Published 03 Dec, 2011 12:00am
Tens of thousands protest austerity in Brussels

Tens of thousands protest austerity in Brussels

Tens of thousands of noisy protesters marched across Brussels on Friday in the latest anti-austerity demonstration to hit a European capital in the debt-saddled continent. After recent marches in Britain, Greece and Portugal, a sea of people dressed in re
Published 03 Dec, 2011 12:00am
Egypt army loans $1 billion to central bank

Egypt army loans $1 billion to central bank

Egypt's ruling military has agreed to lend $1.0 billion to the central bank as it struggles with plunging foreign reserves that threaten the country's ability to import, a military official said on Friday. "The armed forces have lent the central bank $1 b
Published 03 Dec, 2011 12:00am
Obama promises big push on payroll tax cut

Obama promises big push on payroll tax cut

President Barack Obama on Friday pledged an aggressive push to pass an extension to the payroll tax cut for US workers, saying lawmakers must not leave for their holiday break without taking action on it. "We need to get this done. And I expect that it's
Published 03 Dec, 2011 12:00am
Rio Tinto pumps $2.7 billion into Canada smelter

Rio Tinto pumps $2.7 billion into Canada smelter

Anglo-Australian mining giant Rio Tinto said Friday it will pump a further $2.7 billion into its Kitimat aluminium smelter in Canada to meet growing demand from the Asia-Pacific region. The new investment will allow the $3.3 billion project in British Col
Published 03 Dec, 2011 12:00am
S&P downgrades Australia's big four banks

S&P downgrades Australia's big four banks

Standard & Poor's on Friday said it had downgraded the credit ratings of the big four Australian banks as part of changes to the way it assesses risk. Westpac Banking Corporation, Commonwealth Bank of Australia, ANZ Banking Group and National Australia Ba
Published 03 Dec, 2011 12:00am
S&P downgrades Australia's big four banks

S&P downgrades Australia's big four banks

Standard & Poor's on Friday said it had downgraded the credit ratings of the big four Australian banks as part of changes to the way it assesses risk. Westpac Banking Corporation, Commonwealth Bank of Australia, ANZ Banking Group and National Australia Ba
Published 03 Dec, 2011 12:00am
African finance ministers criticise Europe over debt crisis

African finance ministers criticise Europe over debt crisis

Two of Africa's top finance ministers were critical this week of Europe's handling of its debt crisis, saying the problems of wealthy nations were negatively affecting their continent. This was not the first time Pravin Gordhan, the finance minister of So
Published 03 Dec, 2011 12:00am
Spain's jobless rises

Spain's jobless rises

The number of registered jobless people in Spain rose for the fourth straight month in November, by 1.4 percent from a month earlier, as a debilitating economic slump kept Spaniards away from shops and restaurants, hitting the vital service sector. Jobles
Published 03 Dec, 2011 12:00am
Global short crop news push up prices on domestic cotton market

Global short crop news push up prices on domestic cotton market

Shortage of cotton in the international market due to several factors and owing to long-weekend ahead of Muharram holidays strengthened the local prices on the cotton market on Friday, dealers said The Karachi Cotton Association (KCA) official spot rate w
Published 03 Dec, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures slipped on Thursday, giving up earlier gains as the strong Canadian dollar dampened buying interest and weaker US soyabeans spilled over, traders said. Index funds rolled positions out of front-month January, adding to brisk sp
Published 03 Dec, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 59,389 tonnes of cargo comprising 44,937 tonnes of import cargo and 14,452 tonnes of export cargo including 1,742 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 44,937 tonne
Published 03 Dec, 2011 12:00am
China's 2011 grain output at record 191.75 million tonnes

China's 2011 grain output at record 191.75 million tonnes

China recorded an eighth straight year of record grain output in 2011, led by a surprise 8.2 percent annual jump in the corn harvest to a record 191.75 million tonnes, the National Bureau of Statistics said in a report published on Friday.
Published 03 Dec, 2011 12:00am
Indonesia's cocoa exports almost doubled in November

Indonesia's cocoa exports almost doubled in November

Cocoa exports from Indonesia's main growing island of Sulawesi almost doubled in November, the first monthly increase since June, as the mid-crop progressed, but shipments still fell by more than 40 percent from the same month last year. Exports from the
Published 03 Dec, 2011 12:00am
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