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Print - 2011-12-25
Christmas today

Christmas today

Like other parts of the world, Christian community in Pakistan will celebrate Christmas, marking birth anniversary of Jesus Christ with religious fervour, on Sunday (today). Special prayers are being held in churches in which prayers for the integrity and
Published 25 Dec, 2011 12:00am
Sea of people fills Moscow in search of 'free Russia'

Sea of people fills Moscow in search of 'free Russia'

Clutching white balloons and banners calling for "Free Elections", a sea of Russian protestors against Vladimir Putin on Saturday thronged a Moscow avenue named after dissident Andrei Sakharov. The rally to oppose Prime Minister Putin's tight grip on Russ
Published 25 Dec, 2011 12:00am
Ruling party official shot dead in IHK

Ruling party official shot dead in IHK

Suspected militants on Saturday shot dead an official of the ruling party National Conference Bashir Ahmed Dar in occupied Kashmir, police said, days after rebels made a failed bid on the life of a senior government minister. Bashir Ahmed was killed the m
Published 25 Dec, 2011 12:00am
Ruling party official shot dead in IHK

Ruling party official shot dead in IHK

Suspected militants on Saturday shot dead an official of the ruling party National Conference Bashir Ahmed Dar in occupied Kashmir, police said, days after rebels made a failed bid on the life of a senior government minister. Bashir Ahmed was killed the m
Published 25 Dec, 2011 12:00am
PML-N won't allow anyone to vilify institutions: Nawaz

PML-N won't allow anyone to vilify institutions: Nawaz

Pakistan Muslim League-Nawaz President Mian Nawaz Sharif Saturday said the party would not allow anybody to vilify judiciary and parliament. Addressing a function of Engineering University students, Nawaz said: "Dictators had caused much harm to the count
Published 25 Dec, 2011 12:00am
PML-N won't allow anyone to vilify institutions: Nawaz

PML-N won't allow anyone to vilify institutions: Nawaz

Pakistan Muslim League-Nawaz President Mian Nawaz Sharif Saturday said the party would not allow anybody to vilify judiciary and parliament. Addressing a function of Engineering University students, Nawaz said: "Dictators had caused much harm to the count
Published 25 Dec, 2011 12:00am
Offshore investors withdraw $8.88 million from equity market

Offshore investors withdraw $8.88 million from equity market

The foreign investors remained on the selling side and withdrew $8.88 million from the local equity market during the week ended on December 23, 2011. According to the National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative outflow of f
Published 25 Dec, 2011 12:00am
BoP clarification

BoP clarification

The Bank of Punjab clarified the contents of a report carried by Business Recorder on December 22, 2011 and a section of press. The following is a BoP clarification:
Published 25 Dec, 2011 12:00am
PML-N activists miffed by Hashmi's exit

PML-N activists miffed by Hashmi's exit

Pakistan Muslim League-N activists are saddened over departure of Hashmi from the party. Hashmi's exit from N-League has raised alarm in the PML-N circles, therefore, the party should devise a strategy to avoid further departures from the party, a PML-N a
Published 25 Dec, 2011 12:00am
Hashmi is emotional guy, says Rana Sana

Hashmi is emotional guy, says Rana Sana

Punjab Law Minister Rana Sanaullah unleashing fury over Javed Hashmi who joined Pakistan Tehreek-e-Insaaf (PTI) party on Saturday, declared him 'mad'. Reacting to the decision by the former Pakistan Muslim League-Nawaz's (PML-N) Senior Vice President Jawe
Published 25 Dec, 2011 12:00am
Fourth convocation of Indus Institute of Education held

Fourth convocation of Indus Institute of Education held

As many as 500 students were awarded graduates degrees besides 74 gold medals and 74 silver medals in various disciplines at 4th convocation of Indus Institute of Education held at Karachi Expo Centre here on Saturday. The degrees were conferred in variou
Published 25 Dec, 2011 12:00am
Zardari confers Hilal-e-Pakistan to Dai Bingguo

Zardari confers Hilal-e-Pakistan to Dai Bingguo

President Asif Ali Zardari on Saturday conferred Hilal-i-Pakistan upon Dai Bingguo, State Councillor of China at a special investiture ceremony held at Aiwan-e-Sadr that was attended among others by Prime Minister Syed Yousuf Raza Gilani, Chairman Senate,
Published 25 Dec, 2011 12:00am
PPP committed to upholding rights of Christians: President

PPP committed to upholding rights of Christians: President

Felicitating the Christian community in Pakistan on the auspicious occasion of Christmas, President Asif Ali Zardari has reiterated that the Pakistan People's Party (PPP) will continue to uphold the right of Christians and all minorities, to be treated as
Published 25 Dec, 2011 12:00am
PPP ready for accountability by people: Chandio

PPP ready for accountability by people: Chandio

Federal Law Minister Senator Moula Bux Chandio has said that the Pakistan Peoples Party (PPP) is ready for its accountability by the people and after completion of constitutional term of the government, the PPP will present itself for accountability befor
Published 25 Dec, 2011 12:00am
Four killed in Karachi

Four killed in Karachi

Four persons were killed in separate incidents in the metropolis, here on Saturday. According to police sources, a man killed his nephew at Rajput Colony in the limits of Sohrab Goth police station. Police said the accused Akbar along with his son Asghar
Published 25 Dec, 2011 12:00am
TIP-Heritage organise exhibition from tomorrow

TIP-Heritage organise exhibition from tomorrow

Transparency International Pakistan in collaboration with Heritage Foundation is organising a 3-day exhibition of murals on peace, preserving heritage and fostering living values from December 26 at Quaid-e-Azam Museum. The objective of the exhibition is
Published 25 Dec, 2011 12:00am
USAID launches 'safety training program' for Hesco linesmen

USAID launches 'safety training program' for Hesco linesmen

The United States Agency for International Development (USAID) under a power distribution program has launched a 'Quick impact safety training program' in Hyderabad for linesmen of Hyderabad Electric Supply Company (Hesco).
Published 25 Dec, 2011 12:00am
Moin Akhtar's birth anniversary observed

Moin Akhtar's birth anniversary observed

Pakistani famous TV and film actor, comedian and host Moin Akhtar's 61st birthday was observed on Saturday. He was born on December 24 in Karachi, while his parents had migrated from Mumbai India. He was also a play writer, singer, film director and a pro
Published 25 Dec, 2011 12:00am
Sindh government indecisive over weekly two days off

Sindh government indecisive over weekly two days off

The Sindh government has not decided to observe two weekly offs even after passage of 40 days when the federal government announced to observe two weekly offs in order to save energy. When this scribe visited the Pakistan Secretariat located near MPA Host
Published 25 Dec, 2011 12:00am
IHK refugee families included in social safety net of BISP

IHK refugee families included in social safety net of BISP

Federal Minister and Chairperson Benazir Income Support Programme (BISP) Farzana Raja has announced to include 4907 Indian Held Kashmir (IHK) refugee families in social safety net of BISP. The historic announcement was made during her meeting with a deleg
Published 25 Dec, 2011 12:00am
Jamaat-i-Islami to stage sit-in today

Jamaat-i-Islami to stage sit-in today

Jamaat-e-Islami Chief, Syed Munawar Hasan has appealed to the people of Lahore to join JI sit-in in the city at Ferozepur Road, Ichrra More on Sunday (today). The JI chief expressed the hope that the sit-in would change the political scenario in the count
Published 25 Dec, 2011 12:00am
Quaid's 135th birth anniversary: Zardari recalls lofty ideals

Quaid's 135th birth anniversary: Zardari recalls lofty ideals

"The Quaid-e-Azam envisaged Pakistan as a democratic country driven by the welfare of the masses. Unfortunately, due to dictatorships in the past the welfare of the people took a back seat and security concerns became predominant as the country faced extr
Published 25 Dec, 2011 12:00am
Bingguo, CJCSC discuss matters of mutual interest

Bingguo, CJCSC discuss matters of mutual interest

Representative of Chinese President and State Councillor of People's Republic of China Dia Bingguo called on Chairman Joint Chiefs of Staff Committee (CJCSC) General Khalid Shameem Wynne on Saturday and discussed matters related to mutual interest and eme
Published 25 Dec, 2011 12:00am
IBA declares results of first GEM Pakistan study

IBA declares results of first GEM Pakistan study

The results of the first Global Entrepreneurship Monitor (GEM) Pakistan Study were declared at a ceremony at the City Campus of the Institute of Business Administration (IBA), Karachi. The ceremony was organised by the Centre for Entrepreneurial Developme
Published 25 Dec, 2011 12:00am
Speakers highlight significance of World Disabled Day

Speakers highlight significance of World Disabled Day

World Disabled Day aims to promote an understanding of disability issues and mobilise support for the dignity, rights and well-being of persons with disabilities. This was stated by Speaker Sindh Assembly, Nisar Ahmed Khoro while speaking at a seminar to
Published 25 Dec, 2011 12:00am
Governor condoles death of former CJP

Governor condoles death of former CJP

Khyber Pakhtunkhwa Governor, Barrister Masood Kausar has expressed his heartfelt condolence on the sad demise of the former Chief Justice of Supreme Court of Pakistan, Justice Mohammad Afzal Zullah who breathed his last at Lahore. In a condolence message,
Published 25 Dec, 2011 12:00am
US in deal with Swiss banks

US in deal with Swiss banks

United States is reportedly offering 11 Swiss banks a deal that would allow them to avoid criminal prosecution in exchange for revealing full details of their US offshore business. The challenge to Swiss secrecy laws by the US and several European countri
Published 25 Dec, 2011 12:00am
Role of ECP

Role of ECP

As the political opposition's call for early elections gathers momentum, the Election Commission of Pakistan (ECP) has been put in a tight spot, directly by the Supreme Court which has ordered it to complete the electoral rolls by February 23, 2012 and vi
Published 25 Dec, 2011 12:00am
Government has no business to be in business - I

Government has no business to be in business - I

In the early days of the creation of Pakistan when the private sector was not ready and willing to invest or do business, the Government established Pakistan Industrial Development Corporation (PIDC) which owned, managed and operated a number of industria
Published 25 Dec, 2011 12:00am
Quaid held Muslim causes dear to his heart

Quaid held Muslim causes dear to his heart

The nation is paying tributes today to its Father and most revered, beloved and undisputed leader, Quaid-i-Azam Mohammad Ali Jinnah, on his birthday. He was born on this day in 1876 in Karachi.
Published 25 Dec, 2011 12:00am
Traffic in the air

Traffic in the air

Recently, the Civil Aviation Authority (CAA) of Pakistan granted permission to the local aviation industry to enter into air traffic. The new emerging players will go head-to-head with the national flag carrier Pakistan International Airlines (PIA), Air B
Published 25 Dec, 2011 12:00am
Former MNA joins PTI

Former MNA joins PTI

A former member of National Assembly and ex-chairman of Independent Group in the NA, Qaiser Ahmed Sheikh, joined Pakistan Tehreek-i-Insaf (PTI) late on Friday night. His announcement came after PTI Chairman Imran Khan visited his home to invited him to jo
Published 25 Dec, 2011 12:00am
Crab prices up as weather turns colder

Crab prices up as weather turns colder

With sudden cold waves, the demand for crabs in the coastal city surged significantly but the chilly weather also reduced the catch of crabs due to which its price has jumped by Rs 200 per dozen to Rs 800-900, said fishermen, here on Saturday.
Published 25 Dec, 2011 12:00am
'Pakistan appears to be moving towards early election'

'Pakistan appears to be moving towards early election'

Grand nephew of Quaid-e-Azam Mohammed Ali Jinnah, Liaquat Merchant says Pakistan appears to be moving towards early elections. A mandate from people-the ultimate sovereign-is better way forward rather than continuous confrontation, hurling accusations by
Published 25 Dec, 2011 12:00am
SCIP notification

SCIP notification

The Government of Sindh, Planning & Development Department, Programme Support Unit (PSU), Sindh Cities Improvement Programme (SCIP) has notified that Saeed Ahmed Awan Ex-PCS (BS-19) has assumed the charge of Programme Director, Sindh Cities Improvement (S
Published 25 Dec, 2011 12:00am
Notification

Notification

The Government of Sindh, Law Department has notified that the Competent Authority (Chief Minister) has accepted the resignation tendered by Syed Ali Ashraf Shah, Presiding Officer, Special Court, for Public Property (Removal of Encroachment) Hyderabad wit
Published 25 Dec, 2011 12:00am
Barring sugar, prices of other items maintain upward trend

Barring sugar, prices of other items maintain upward trend

The prices of most of essential kitchen items remained on the high side without significant changes during the week past as compared to the preceding week, according to a survey by Business Recorder on Saturday.
Published 25 Dec, 2011 12:00am
Ministers, academicians pay homage to Sir Dr Ziauddin Ahmed

Ministers, academicians pay homage to Sir Dr Ziauddin Ahmed

Glowing tributes were paid to Dr Ziauddin Ahmed, an academician, mathematician and a visionary, for his contribution towards the cause of education and socio-economic empowerment of Muslims in sub-continent Indo-Pakistan. Speakers at a session organised a
Published 25 Dec, 2011 12:00am
Car theft incidents show 24 percent increase in 2011

Car theft incidents show 24 percent increase in 2011

The city has witnessed 24 percent growth in the incidents of car-snatching as 1520 such cases were reported in 2011 as compared to 1224 cases registered in last corresponding year.
Published 25 Dec, 2011 12:00am
One killed in toy bomb blast; another school blown up

One killed in toy bomb blast; another school blown up

A boy was killed and his two brothers were injured in a toy bomb blast at Shpeno Garhi in suburbs of Peshawar early morning on Saturday. According to police statement the children were playing near their house where they found a toy. They brought it insid
Published 25 Dec, 2011 12:00am
Smeda holds seminar on Olive Cultivation

Smeda holds seminar on Olive Cultivation

Small and Medium Enterprises Development Authority (SMEDA) in collaboration with "Corps of Volunteers, Abbottabad" arranged one-day training seminar on "Olive Cultivation and Marketing". The basic purpose of this session was to educate the farmers on diff
Published 25 Dec, 2011 12:00am
PPP Khyber Pakhtunkhwa chapter opposes pre-poll alliance with ANP

PPP Khyber Pakhtunkhwa chapter opposes pre-poll alliance with ANP

Pakistan People's Party (PPP) Khyber-Pakhtunkhwa opposes the pre-election alliance with other parties especially with Awami National Party and urged the central leadership to give concentration on solution to the grievances of the ideological workers.
Published 25 Dec, 2011 12:00am
Naek, Jamali condemn suicide attack in Bannu

Naek, Jamali condemn suicide attack in Bannu

Chairman Senate, Farooq H. Naek and Deputy Chairman Senate, Mir Jan Muhammad Khan Jamali on Saturday strongly condemned a suicide attack on Toochi Scouts Line in Bannu District. According to the detail, there were four Toochi scouts lost their lives and e
Published 25 Dec, 2011 12:00am
Prime minister underscores need for unity

Prime minister underscores need for unity

Prime Minister Syed Yousuf Raza Gilani has urged the nation to follow the ideals of Quaid-e-Azam Muhammad Ali Jinnah and forge unity in their ranks to overcome the challenges facing Pakistan.
Published 25 Dec, 2011 12:00am
Applications for British Chevening Scholarship open

Applications for British Chevening Scholarship open

Applications for the 2012-13 "British Chevening Scholarship" programme are now open and the closing date for submitting applications is January 23, said a British High Commission press release here on Saturday.
Published 25 Dec, 2011 12:00am
Six vying for president's office in PPC polls

Six vying for president's office in PPC polls

The Election Committee of Peshawar Press Club (PPC) on Saturday released the final lists of the candidates for the annual elections of the year 2012.
Published 25 Dec, 2011 12:00am
Governor urges lawyers to educate people on social reforms

Governor urges lawyers to educate people on social reforms

Khyber-Pakhtunkhwa Governor, Barrister Masood Kausar, said that the lawyers by their profession are in a better position to educate people on constructive social norms; promote spirit of tolerance and accommodation and encourage the people to build the ha
Published 25 Dec, 2011 12:00am
Women throng handicraft bazaar

Women throng handicraft bazaar

Scores of ladies thronged women handicraft bazaar organised under the auspices of Women Business Development Centre (WBDC), here on Saturday. The main purpose of this business promotional activity was to encourage handmade artistic work of women entrepren
Published 25 Dec, 2011 12:00am
Another spell of dengue epidemic expected from February: LDA

Another spell of dengue epidemic expected from February: LDA

Lahore Development Authority (LDA) Director General Abdul Jabbar Shaheen said that another spell of dengue epidemic is likely to continue from the second week of February 2012 to the first week of April 2012.
Published 25 Dec, 2011 12:00am
Drug-Free City Lahore Project: new targets set for six zones

Drug-Free City Lahore Project: new targets set for six zones

A function regarding giving away "performance awards" to the officials showing outstanding performance in Anti-Drug campaign under Drug-Free City Lahore Project and other law enforcement agencies and volunteers of welfare organisations was held at ANF Sec
Published 25 Dec, 2011 12:00am
PCGA rejects Aptma-KCA stance

PCGA rejects Aptma-KCA stance

The Pakistan Cotton Ginners Association (PCGA) has rejected the stance of All Pakistan Textile Mills Association (Aptma) and Karachi Cotton Association (KCA) on procurement of cotton through Trading Corporation of Pakistan (TCP), describing it as anti-far
Published 25 Dec, 2011 12:00am
PASA demands more funds for agriculture research

PASA demands more funds for agriculture research

Pakistan Agricultural Scientists Association (PASA) President Jamshed Iqbal Cheema has called for allocating more funds for agricultural research focused on increasing per-acre yield to provide food to the masses on cheaper rates.
Published 25 Dec, 2011 12:00am
Korean won rises on US data support

Korean won rises on US data support

The South Korean won closed higher on Friday after trading in a tight range, supported by positive US economic data and that boosted investor risk appetite. The won was quoted at 1,150.4 to the dollar at the end of domestic trade, up 0.5 percent from Thur
Published 25 Dec, 2011 12:00am
Brazil fines Chevron a further $5.4 million for spill

Brazil fines Chevron a further $5.4 million for spill

Brazil's environment inspector fined Chevron Corp 10 million reais ($5.4 million) for breaching the terms of the US oil company's environmental license when tackling an offshore spill at a well it drilled in November.
Published 25 Dec, 2011 12:00am
US wheat futures end lower

US wheat futures end lower

US wheat futures closed slightly lower on Friday, their first drop after five winning sessions, as traders said they needed a new fundamental reason to push prices higher after gains this week. Prices rose 7.4 percent during the streak, mostly due to end-
Published 25 Dec, 2011 12:00am
EU wheat rises

EU wheat rises

European wheat prices rose to a 10-week high on Friday extending gains in US futures due to concerns about weather in Latin America and on a rebound on equities markets, while worries about the euro zone debt crisis remained.
Published 25 Dec, 2011 12:00am
Non-commercial trim corn stretches for six-week

Non-commercial trim corn stretches for six-week

Large speculators lowered their net long position in Chicago Board of Trade corn futures and options for a sixth straight week, regulatory data showed on Friday. Non-commercial traders, a category that includes hedge funds, trimmed their net short in CBOT
Published 25 Dec, 2011 12:00am
Canadian canola futures post gain

Canadian canola futures post gain

Canadian canola futures rose to a five-week high on Friday, notching their sixth straight gain and their biggest weekly increase in more than two months on weather concerns about South American soyabeans. Total volume was about 11,100 contracts, less than
Published 25 Dec, 2011 12:00am
Morocco says well-covered with soft wheat

Morocco says well-covered with soft wheat

Morocco's grain import authority ONICL said it has a record level of year-end wheat stocks, enough to ensure a normal supply of the domestic market, even after skipping international purchases for several months. ONICL also said soft wheat stocks look set
Published 25 Dec, 2011 12:00am
Lack of rain may hurt Argentinean soya

Lack of rain may hurt Argentinean soya

Argentina's 2011-12 soya crop could suffer if it does not rain soon in key growing areas, the Buenos Aires Grains Exchange said on Thursday. Soya seedings in the world's top exporter of soyaoil and soyameal were delayed in the last week due to limited pre
Published 25 Dec, 2011 12:00am
US corn futures up 1 to 2 cents

US corn futures up 1 to 2 cents

US corn futures were called 1 to 2 cents per bushel higher Friday on follow-through buying following five straight days of gains. Worries that dry weather in South America will limit crop production in Brazil and Argentina added additional support to corn
Published 25 Dec, 2011 12:00am
US Midwest corn, soya basis flat ahead of holiday

US Midwest corn, soya basis flat ahead of holiday

Spot basis bids for corn and soyabeans were largely unchanged around the US Midwest on Friday as the cash grains market came to a standstill ahead of the Christmas holiday break, dealers said. Many processors, elevators and ethanol plants had abbreviated
Published 25 Dec, 2011 12:00am
FOB Gulf corn premiums hold steady

FOB Gulf corn premiums hold steady

Export premiums for corn at the US Gulf Coast were largely steady on Friday, in line with CIF basis values that were little changed ahead of the holiday weekend, traders said. Spot CIF basis bids firmed by a penny on Friday after an earlier-week drop to o
Published 25 Dec, 2011 12:00am
Asia's new clearing houses risk sitting idle

Asia's new clearing houses risk sitting idle

Money being poured into central clearing houses for derivatives in Asia may be headed down the drain, with banks and brokers unwilling to sign up due to the costs and complexities involved. Exchanges across Asia, encouraged by the regulators, have embarke
Published 25 Dec, 2011 12:00am
Relaxed US securities laws could boost SecondMarket

Relaxed US securities laws could boost SecondMarket

Kevin Ryan, chief executive of online retailer Gilt Groupe, is keeping close tabs on congressional legislation that might enable him to have more shareholders in his young company. Barry Silbert, chief executive of SecondMarket, an exchange for trading of
Published 25 Dec, 2011 12:00am
Japan to auction Y149.7 trillion JGBs in 2012-13

Japan to auction Y149.7 trillion JGBs in 2012-13

Japan plans to issue a record 149.7 trillion yen ($1.9 trillion) of government bonds (JGBs) through regular auctions in the fiscal year from next April, the Ministry of Finance said on Saturday, as the country struggles to reduce its budget deficit.
Published 25 Dec, 2011 12:00am
Japan to auction Y149.7 trillion JGBs in 2012-13

Japan to auction Y149.7 trillion JGBs in 2012-13

Japan plans to issue a record 149.7 trillion yen ($1.9 trillion) of government bonds (JGBs) through regular auctions in the fiscal year from next April, the Ministry of Finance said on Saturday, as the country struggles to reduce its budget deficit.
Published 25 Dec, 2011 12:00am
Sri Lankan bourse at one-week high

Sri Lankan bourse at one-week high

Sri Lanka's stock market gained for a second day on Friday to a more-than one-week high, with market heavyweight John Keells Holdings boosting the turnover, while the central bank kept the rupee steady by selling over $20 million.
Published 25 Dec, 2011 12:00am
Energy, financials lead TSX to higher close

Energy, financials lead TSX to higher close

Toronto's main stock index ended higher on Friday as strong oil prices boosted the energy sector and investors looked for safe bets in stable Canadian bank issues as markets wound down towards year-end. The index also benefited as investors pushed more mo
Published 25 Dec, 2011 12:00am
Xinhua website planning $158 million IPO

Xinhua website planning $158 million IPO

China's state news agency Xinhua plans to list its online portal in a 1 billion yuan ($157.8 million) stock market offering in Shanghai with China International Capital Corp underwriting the deal, two sources with knowledge of the matter said on Friday.
Published 25 Dec, 2011 12:00am
Treasuries fall

Treasuries fall

Treasuries prices fell on Friday as investors unwound positions heading into the slow year-end period, with very low trading volumes exaggerating price moves. Bonds briefly pared losses after data showed consumer spending was tepid in November, before dec
Published 25 Dec, 2011 12:00am
Treasuries fall

Treasuries fall

Treasuries prices fell on Friday as investors unwound positions heading into the slow year-end period, with very low trading volumes exaggerating price moves. Bonds briefly pared losses after data showed consumer spending was tepid in November, before dec
Published 25 Dec, 2011 12:00am
Turkish lira weakens, shares up

Turkish lira weakens, shares up

The Turkish lira weakened 0.6 percent versus the dollar on Friday from a week earlier due to lower-than-expected central bank forex auctions while shares closed 0.69 percent up following the recovery of global risk sentiment after positive US data.
Published 25 Dec, 2011 12:00am
Latam stocks head toward sharp yearly fall

Latam stocks head toward sharp yearly fall

Latin American stocks were near flat on thin volume on Friday as investors headed into the holiday weekend eyeing 2012 as tepid US data cooled expectations and Europe's financial woes weighed. The MSCI Latin American stock index edged up 0.29 percent.
Published 25 Dec, 2011 12:00am
Montenegro may consider new Eurobond in 2012

Montenegro may consider new Eurobond in 2012

Montenegro may consider launching a new Eurobond in 2012 as part of its efforts to fund its budget and cope with a euro zone economic downturn, its finance minister said in an interview.
Published 25 Dec, 2011 12:00am
Montenegro may consider new Eurobond in 2012

Montenegro may consider new Eurobond in 2012

Montenegro may consider launching a new Eurobond in 2012 as part of its efforts to fund its budget and cope with a euro zone economic downturn, its finance minister said in an interview.
Published 25 Dec, 2011 12:00am
ADR report: shares up on optimism about the global economy

ADR report: shares up on optimism about the global economy

US-listed shares of foreign companies rose on Friday as better-than-expected data on the US economy fuelled investors' appetite for risky assets. The gains were from Asian and European companies, with growth-related stocks leading the charge.
Published 25 Dec, 2011 12:00am
S&P turns positive for 2011 with fourth day of gains

S&P turns positive for 2011 with fourth day of gains

The S&P 500 turned positive for the year and closed out its third week of gains in four on Friday as equities extended their rally after a string of unexpectedly strong economic data. The benchmark index has gained nearly 5 percent over its run of four st
Published 25 Dec, 2011 12:00am
As Euro steadies, fund managers hedge bearish bets

As Euro steadies, fund managers hedge bearish bets

The European debt crisis roiled markets all year, producing the most volatile trading since the 2008-2009 meltdown. That is, except in one market - the euro. Fund managers that bet on a volatile, wild year of losses in the euro are paring back positions a
Published 25 Dec, 2011 12:00am
Speculators increase dollar bets in latest week

Speculators increase dollar bets in latest week

Currency speculators increased their bets in favour of the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $17.63 billion in the week end
Published 25 Dec, 2011 12:00am
ECB 3-year cash injection pushes Euribor rates down

ECB 3-year cash injection pushes Euribor rates down

Key euro zone bank-to-bank lending rates dropped on Friday as banks received almost half a trillion euros in the European Central Bank's first-ever injection of 3-year liquidity. In the first of two opportunities to get the 3-year money, the ECB allotment
Published 25 Dec, 2011 12:00am
Obama denies being 'Spock-like'

Obama denies being 'Spock-like'

It's official: US President Barack Obama has nothing to do with highly logical, largely insensitive Mr Spock character on the science fiction TV show "Star Trek." "What's the biggest misconception about you?" ABC interviewer Barbara Walters asked Obama. "
Published 25 Dec, 2011 12:00am
11 killed in Afghan coal mine collapse

11 killed in Afghan coal mine collapse

Eleven miners were killed when part of a coal mine collapsed in Afghanistan's central Baghlan province on Saturday, a district official said. The cause of the accident at the mine, 200 km (120 miles) north of the capital, Kabul, was not immediately clear,
Published 25 Dec, 2011 12:00am
Thousands flock to Bethlehem for Christmas celebrations

Thousands flock to Bethlehem for Christmas celebrations

Latin Patriarch of Jerusalem Fouad Twal - the Catholic church's top spiritual leader in the Holy Land - on Saturday led the procession on the eight-kilometre road from Jerusalem to Bethlehem. For the Christmas procession of about 30 vehicles, the Israeli
Published 25 Dec, 2011 12:00am
Nigerian attacks kill up to 100

Nigerian attacks kill up to 100

A wave of attacks in northern Nigeria attributed to a radical Islamist group may have killed up to 100 people, police and a local rights group said Saturday. "From reports I have been receiving from Damaturu, up to 100 people could have been killed," a se
Published 25 Dec, 2011 12:00am
Egypt's Islamists sweep second round of poll

Egypt's Islamists sweep second round of poll

Egypt's main Islamist parties won 65 percent of votes for party lists in the second round of a historic election for a new parliament after Hosni Mubarak's ouster, the electoral committee said Saturday. The Freedom and Justice Party won 36.5 percent of th
Published 25 Dec, 2011 12:00am
Nato night raids must stop: Karzai

Nato night raids must stop: Karzai

Afghan President Hamid Karzai said Saturday Afghanistan will not sign a strategic partnership deal with the US until Nato-led night raids and house searches stop. The president's remarks came after he heard back from a government-appointed delegation assi
Published 25 Dec, 2011 12:00am
Afghan fact-finding team says Nato killed civilians 'for no reason'

Afghan fact-finding team says Nato killed civilians 'for no reason'

An Afghan fact-finding team appointed by President Hamid Karzai on Saturday blamed Nato-led troops for what it said was the unnecessary killing of dozens of civilians. A child who had climbed a tree on December 13 was among the 21 civilians reportedly kil
Published 25 Dec, 2011 12:00am
Controversial Dutch artist Johannes dies at 108

Controversial Dutch artist Johannes dies at 108

Johannes Heesters, a controversial operetta singer who became famous in Nazi Germany and who was considered one of the world's oldest performing artists, died on Saturday aged 108, his agency said. A favourite of Hitler, Heesters was born in the Netherlan
Published 25 Dec, 2011 12:00am
Cuba to free 2,900 in sweeping amnesty

Cuba to free 2,900 in sweeping amnesty

Cuba will release 2,900 prisoners in the coming days for humanitarian reasons in a sweeping amnesty ahead of a visit next spring by Pope Benedict XVI, the Cuban government said on Friday. Those to be pardoned do not include American Alan Gross, serving 15
Published 25 Dec, 2011 12:00am
Iran navy starts 10-day wargame in Strait of Hormuz

Iran navy starts 10-day wargame in Strait of Hormuz

Iran began 10 days of naval exercises in the Strait of Hormuz on Saturday, raising concern about a possible closure of the world's most strategic oil transit channel in the event of any outbreak of military conflict between Tehran and the West.
Published 25 Dec, 2011 12:00am
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