AGL 40.02 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.99 Increased By ▲ 0.29 (0.23%)
BOP 6.66 Increased By ▲ 0.05 (0.76%)
CNERGY 4.44 Decreased By ▼ -0.16 (-3.48%)
DCL 8.75 Decreased By ▼ -0.04 (-0.46%)
DFML 41.24 Decreased By ▼ -0.34 (-0.82%)
DGKC 86.18 Increased By ▲ 0.39 (0.45%)
FCCL 32.40 Decreased By ▼ -0.09 (-0.28%)
FFBL 64.89 Increased By ▲ 0.86 (1.34%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.51 Increased By ▲ 1.74 (1.57%)
HUMNL 14.75 Decreased By ▼ -0.32 (-2.12%)
KEL 5.08 Increased By ▲ 0.20 (4.1%)
KOSM 7.38 Decreased By ▼ -0.07 (-0.94%)
MLCF 40.44 Decreased By ▼ -0.08 (-0.2%)
NBP 61.00 Decreased By ▼ -0.05 (-0.08%)
OGDC 193.60 Decreased By ▼ -1.27 (-0.65%)
PAEL 26.88 Decreased By ▼ -0.63 (-2.29%)
PIBTL 7.31 Decreased By ▼ -0.50 (-6.4%)
PPL 152.25 Decreased By ▼ -0.28 (-0.18%)
PRL 26.20 Decreased By ▼ -0.38 (-1.43%)
PTC 16.11 Decreased By ▼ -0.15 (-0.92%)
SEARL 85.50 Increased By ▲ 1.36 (1.62%)
TELE 7.70 Decreased By ▼ -0.26 (-3.27%)
TOMCL 36.95 Increased By ▲ 0.35 (0.96%)
TPLP 8.77 Increased By ▲ 0.11 (1.27%)
TREET 16.80 Decreased By ▼ -0.86 (-4.87%)
TRG 62.20 Increased By ▲ 3.58 (6.11%)
UNITY 28.07 Increased By ▲ 1.21 (4.5%)
WTL 1.32 Decreased By ▼ -0.06 (-4.35%)
BR100 10,081 Increased By 80.6 (0.81%)
BR30 31,142 Increased By 139.8 (0.45%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-02-23
Chinese firm seeks halt of iPad sales

Chinese firm seeks halt of iPad sales

A Chinese technology firm sought to halt the sale of Apple Inc's iPads across the affluent city of Shanghai, arguing at a local court hearing on Wednesday that the US firm had infringed on its trademark. Previous court rulings in favour of Proview Technol
Published 23 Feb, 2012 12:00am
Microsoft files EC complaint against Motorola Mobility

Microsoft files EC complaint against Motorola Mobility

Microsoft filed a complaint against Motorola Mobility with the European Commission on Wednesday, accusing it of seeking to block sales of Windows personal computers, Xbox game consoles and other products. "In legal proceedings on both sides of the Atlanti
Published 23 Feb, 2012 12:00am
Turkish, Chinese firms ink $1.4 billion deals

Turkish, Chinese firms ink $1.4 billion deals

Turkish and Chinese companies sign on Wednesday contracts totalling almost $1.4 billion as the two countries boost their economic ties, Turkey's Economy Minister Zafer Caglayan said. Zafer Caglayan, the Turkish economy minister, said deals worth $1.4 bill
Published 23 Feb, 2012 12:00am
Greece rushes to pass bailout laws

Greece rushes to pass bailout laws

Thousands of protesters angry at punishing spending cuts poured into Athens' central Syntagma Square on Wednesday as Greek lawmakers rushed to pass laws needed to secure payment of a second bailout for the debt-laden country. Lawmakers set to work on a fl
Published 23 Feb, 2012 12:00am
Legal limbo stymies banks' recovery of Dubai government debt

Legal limbo stymies banks' recovery of Dubai government debt

More than two years after the Dubai debt crisis erupted, the restructuring of corporate debts remains in legal limbo as it is unclear how banks can get back their money from government-linked enterprises in the Gulf state. The impasse, which is aggravated
Published 23 Feb, 2012 12:00am
Legal limbo stymies banks' recovery of Dubai government debt

Legal limbo stymies banks' recovery of Dubai government debt

More than two years after the Dubai debt crisis erupted, the restructuring of corporate debts remains in legal limbo as it is unclear how banks can get back their money from government-linked enterprises in the Gulf state. The impasse, which is aggravated
Published 23 Feb, 2012 12:00am
Foes of EU airline CO2 rules agree on tactics

Foes of EU airline CO2 rules agree on tactics

Countries opposed to an EU law forcing the world's airlines to pay for greenhouse gas emissions agreed on a basket of retaliatory measures, adding to a series of threats that have raised the prospect of the globe's first carbon trade war. But the EU dismi
Published 23 Feb, 2012 12:00am
India's BPCL plans shift from Iran to Saudi oil

India's BPCL plans shift from Iran to Saudi oil

India's Bharat Petroleum has turned to Saudi Arabia, the world's top oil exporter, for higher supplies in 2012/13, fearing global sanctions may jeopardise trade with Iran, industry sources said on Wednesday. Saudi Arabia is the biggest oil supplier to Ind
Published 23 Feb, 2012 12:00am
US existing home sales at 1-1/2 year high

US existing home sales at 1-1/2 year high

US home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery. The National Association of Realtors said on Wednesday existing home sales incr
Published 23 Feb, 2012 12:00am
Eurozone teetering on brink of recession

Eurozone teetering on brink of recession

The eurozone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week. Surveys of purchasing managers publishe
Published 23 Feb, 2012 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

US Plains hard red winter wheat basis bids were steady on Wednesday in routine dealings, merchandisers said. Significant snowfall forecast for the US Northern Plains spring wheat region this weekend but dryness was an increasing concern in the far Southwe
Published 23 Feb, 2012 12:00am
Iranian importers to buy Indian rice

Iranian importers to buy Indian rice

Iranian rice importers could open letters of credit in Indian rupees to pay for Indian rice this week, the president of the All India Rice Exporters Association said on Wednesday. India said last week its exporters should be able to receive payments in th
Published 23 Feb, 2012 12:00am
India's 2012-13 gold imports may fall by 35 percent

India's 2012-13 gold imports may fall by 35 percent

Easing inflation and a revival in stock markets could dent gold imports by India, the world's biggest consumer, pushing shipments down by about 35 percent in value terms in 2012/13, a government panel said on Wednesday. Indians found gold a better investm
Published 23 Feb, 2012 12:00am
Top grade Kenyan coffee price jumps

Top grade Kenyan coffee price jumps

The top price of the benchmark Kenyan coffee grade AA rose to $600 per 50 kg bag at auction this week from $491 at the previous sale, the Nairobi Coffee Exchange said on Wednesday. Although the east African nation is a small producer compared with other r
Published 23 Feb, 2012 12:00am
Ukraine denies curbing wheat exports

Ukraine denies curbing wheat exports

Ukraine's government said on Wednesday it had not urged grain traders to limit wheat exports, denying local media reports it had done so, and it forecast that there would be no shortages of grain on the domestic market. "There are no recommendations to li
Published 23 Feb, 2012 12:00am
Indonesia to import up to two million tonnes of rice

Indonesia to import up to two million tonnes of rice

Indonesia plans to import up to 2 million tonnes of rice this year to ensure food security, an unexpected move that could soak up regional stockpiles and support prices. The country had aimed to avoid rice imports this year after surprising markets by buy
Published 23 Feb, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 45,402 tonnes of cargo comprising1 34,340 tonnes of import cargo and 11,062 tonnes of export cargo including 768 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 34,340 ton
Published 23 Feb, 2012 12:00am
Oil cake market rates

Oil cake market rates

Mixed patterns were again seen on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The March vaida closed at 768.80 and opened with no change at the same rate and the March vaida closed at Rs 687.50 but it commenced
Published 23 Feb, 2012 12:00am
Slow trade on cotton market as mills show less interest

Slow trade on cotton market as mills show less interest

Less purchasing interest among leading buyers was again seen on the cotton market on Wednesday in process of trading, dealers said. The official spot rate was unchanged at Rs 5,500, they said. Prices of seedcotton in Sindh were at Rs 1800-2300 and in the
Published 23 Feb, 2012 12:00am
Bangladesh tea prices up

Bangladesh tea prices up

Tea prices in Bangladesh rose sharply for a third straight week on Wednesday, at a weekly auction, due to strong demand for quality varieties while the volume sold fell despite tight supplies, brokers said. The average price of Bangladeshi tea jumped to 1
Published 23 Feb, 2012 12:00am
Prices rise for third day on grain market

Prices rise for third day on grain market

Commodities prices maintained rising trend for the third day in a row on the wholesale grain market on Wednesday, dealers said. On the cereals side, Makai gained Rs 125 to Rs 2500 due to strong demand by consumers, other items retained the overnight level
Published 23 Feb, 2012 12:00am
Saudi index extends rally; most Gulf stocks up

Saudi index extends rally; most Gulf stocks up

Saudi petrochemical and banking stocks helped the index hit a new three-and-a-half year high on Wednesday on increased interest in local equities, as most Gulf markets while Egypt declined for a second day. The kingdom's benchmark climbed 0.9 percent to 7
Published 23 Feb, 2012 12:00am
Southeast Asian stocks mostly lower

Southeast Asian stocks mostly lower

Southeast Asian stocks ended mostly lower on worries over the feasibility of the Greek deal and rising oil prices, while data showing a continuous contraction in China's factory sector kept investors cautious on Wednesday. Benchmarks in Singapore, Indones
Published 23 Feb, 2012 12:00am
Nikkei rises one percent to end above 9,500

Nikkei rises one percent to end above 9,500

Japan's Nikkei share average rose 1 percent on Wednesday to its highest in six months, boosted by news that China's manufacturing sector rose to a four-month high in February although it remained in contraction territory. The HSBC flash purchasing manager
Published 23 Feb, 2012 12:00am
Wednesday's midday trade: S&P fails to break key level

Wednesday's midday trade: S&P fails to break key level

US stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession. The S&P has been unable to convincingly pierce the 1,360 level, a high hit last May and a key re
Published 23 Feb, 2012 12:00am
Wall Street loses steam after Dow crosses 13,000

Wall Street loses steam after Dow crosses 13,000

US stocks ended little changed on Tuesday, paring gains after the Dow topped 13,000 for the first time since May 2008, and as higher oil prices damped prospects for the economy. Greece's securing a bailout to avoid a disorderly default provided some suppo
Published 23 Feb, 2012 12:00am
Treasuries decline

Treasuries decline

US Treasury prices fell on Tuesday after a long-awaited bailout deal for Greece dented appetite for safe-haven assets, but losses were moderated by concerns over Athens' implementation of stringent austerity measures. The 30-year Treasury yield reached a
Published 23 Feb, 2012 12:00am
Treasuries decline

Treasuries decline

US Treasury prices fell on Tuesday after a long-awaited bailout deal for Greece dented appetite for safe-haven assets, but losses were moderated by concerns over Athens' implementation of stringent austerity measures. The 30-year Treasury yield reached a
Published 23 Feb, 2012 12:00am
Seoul stocks up

Seoul stocks up

Seoul's benchmark KOSPI index edged up to a fresh six-and-a-half month closing high on Wednesday after a rangebound session, but momentum was seen slowing as investors search for further clues on market direction. The Korea Composite Stock Price Index (KO
Published 23 Feb, 2012 12:00am
Hong Kong and China shares climb

Hong Kong and China shares climb

China shares extended a winning streak on Wednesday, hitting a near three-month high as property stocks rose, which also helped Hong Kong markets reverse early losses and end higher for a second-straight day. Non-local residents of Shanghai qualify to buy
Published 23 Feb, 2012 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks closed 1.01 percent higher to end above 8,000 points on Wednesday, lifted by HTC Corp and computer makers such as Asustek ahead of earnings announcement on Friday. LCD makers reversed course from early losses and were the second top gainers,
Published 23 Feb, 2012 12:00am
'Greenex' index launched

'Greenex' index launched

The Bombay Stock Exchange on Wednesday launched India's first carbon-efficient live index, looking to give a boost to socially aware investors. The new 'BSE-Greenex' index will comprise 20 stocks based on a minimum carbon footprint, market capitalisation
Published 23 Feb, 2012 12:00am
Indian shares fall

Indian shares fall

Indian shares closed down on Wednesday, reversing early gains, as investors turned cautious and booked profits after a recent rally that pushed up the benchmark index to its highest close in nearly seven months in the previous session. The 30-share BSE in
Published 23 Feb, 2012 12:00am
European shares lower

European shares lower

European shares fell on Wednesday for the second consecutive session as eurozone purchasing managers data suggested the region could tips into recession and potentially have a knock-on effect to company profits. Investor sentiment took a hit after the Mar
Published 23 Feb, 2012 12:00am
FTSE 100 edges lower

FTSE 100 edges lower

Britain's leading share index edged lower on Wednesday as investors refocused on fundamentals, specifically weaker-than-expected eurozone data, with the Greek debt restructuring theatricals out of the way for now. Recession concerns increased after data s
Published 23 Feb, 2012 12:00am
Australian and New Zealand dollars down

Australian and New Zealand dollars down

The Australian and New Zealand dollars nudged lower against major currencies on Wednesday as relief at the long-awaited debt deal for Greece turned to anxiety about how it would be implemented, prompting profit-taking on recent gains. The Australian dolla
Published 23 Feb, 2012 12:00am
Yuan ends flat

Yuan ends flat

The yuan ended little changed against the dollar on Wednesday after the People's Bank of China set the mid-point in a narrow range, showing its intention to keep the yuan stable for a while. The market's expectation for the yuan's uptrend in the long term
Published 23 Feb, 2012 12:00am
Yen extends drop in Asia

Yen extends drop in Asia

The yen hit a six-month low against the dollar on Wednesday, as Japanese importers and offshore players sold the currency, bringing it closer to testing a key technical level. The yen extended its losses in the wake of the Bank of Japan's surprise monetar
Published 23 Feb, 2012 12:00am
Yen hits seven-month low versus dollar in London

Yen hits seven-month low versus dollar in London

The yen hit a seven-month low against the dollar on Wednesday and looked set to stay under pressure after recent monetary easing in Japan, while the euro struggled against the greenback as markets assessed implications of Greece's bailout deal. The dollar
Published 23 Feb, 2012 12:00am
Early trade in New York: Yen hits seven-month low

Early trade in New York: Yen hits seven-month low

The yen tumbled to its lowest level against the dollar in over seven months on Wednesday, weighed by recent monetary easing in Japan, a rise in oil prices and interest rate differentials. The euro was little changed against the greenback as market partici
Published 23 Feb, 2012 12:00am
Euro flat in New York

Euro flat in New York

The euro traded flat against the dollar on Tuesday, after earlier hitting a nearly two-week high, as investors' focus turned to the hurdles to implement a bailout package for Greece and its wide-ranging implications for the euro zone economy. Eurozone fin
Published 23 Feb, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 81.69-81.75 (previous 81.70-82.00). Call Money Rates: 15.00-20.00 percent (previous 12.00-20.00 percent.
Published 23 Feb, 2012 12:00am
Swiss franc rises

Swiss franc rises

The Swiss franc tracked the euro higher against the dollar on Wednesday, trading close to an eleven-week high hit the previous session when a crucial bailout agreement for Greece prompted investors to bid up the single currency against the greenback. The
Published 23 Feb, 2012 12:00am
Indian rupee up

Indian rupee up

The Indian rupee ended stronger on Wednesday as robust capital inflows offset dollar demand from local oil importers and negative equities, and the outlook for the currency remains positive. Dollar inflows into India are expected to stay strong and easing
Published 23 Feb, 2012 12:00am
Profit-taking weighs on Asia forex

Profit-taking weighs on Asia forex

Emerging Asian currencies were mixed on Wednesday with the South Korean won pressured by profit-taking on worries about Greece's ability to restructure its debt, while the Thai baht broke through a resistance line helped by inflows. The regional units ros
Published 23 Feb, 2012 12:00am
Sterling falls versus euro

Sterling falls versus euro

Sterling fell to a two-month low against the euro on Wednesday after Bank of England minutes unexpectedly showed two policymakers voted for an even bigger increase in quantitative easing than the bank implemented this month. The BoE's David Miles and Adam
Published 23 Feb, 2012 12:00am
Chelsea undone by Napoli as CSKA hold Real

Chelsea undone by Napoli as CSKA hold Real

Chelsea's Champions League hopes are in the balance following a 3-1 loss to Napoli in the first leg of their last-16 tie on Tuesday, after Real Madrid were pegged back by a 93rd-minute equaliser at CSKA Moscow. Chelsea took the lead through Juan Mata at N
Published 23 Feb, 2012 12:00am
South Africa clinch T20 series in thriller

South Africa clinch T20 series in thriller

South Africa battled to a thrilling three-run win over New Zealand to claim the Twenty20 series 2-1 after the Black Caps suffered a dramatic late batting collapse in Auckland on Wednesday. New Zealand restricted South Africa to seven for 165 and went into
Published 23 Feb, 2012 12:00am
Stosur moves to Dubai quarters

Stosur moves to Dubai quarters

Samantha Stosur appears to have her best chance to win a first title since the US Open after reaching the quarter-finals of the Dubai Open on Wednesday. It is five months since the Australian captured the first Grand Slam title of her career in New York,
Published 23 Feb, 2012 12:00am
Pitch problems postpone start of Indian soccer league

Pitch problems postpone start of Indian soccer league

The inaugural edition of India's Premier League Soccer (PLS), featuring World Cup winner Fabio Cannavaro and former France international Robert Pires, has been postponed because of a lack of venues, organisers told Reuters on Wednesday.
Published 23 Feb, 2012 12:00am
English cricket chief settles libel case

English cricket chief settles libel case

England cricket chief Giles Clarke has settled a libel case against him stemming from allegations about secret plans for a rebel Twenty20 league in England, it was confirmed on Wednesday. England and Wales Cricket Board (ECB) chairman Clarke had been sued
Published 23 Feb, 2012 12:00am
Cook, Misbah praise England's comeback win

Cook, Misbah praise England's comeback win

Rival captains Alastair Cook and Misbah-ul Haq on Tuesday agreed that England staged a valiant fight-back after their Test rout by Pakistan to register a clean sweep in the one-day series. Kevin Pietersen hit a second successive hundred, finishing with 13
Published 23 Feb, 2012 12:00am
Tevez says sorry for bust-ups

Tevez says sorry for bust-ups

Manchester City striker Carlos Tevez looks set to return from his self-imposed exile after apologising to the club for his conduct in recent months. Tevez has not played for the Premier League leaders since September after falling out with City boss Rober
Published 23 Feb, 2012 12:00am
Pakistan look to redress balance in T20

Pakistan look to redress balance in T20

Pakistan captain Misbah-ul Haq said his side are desperate to redress the balance in a Twenty20 international against England Thursday after a One-day series whitewash by the tourists. Pakistan were Tuesday routed 4-0 by England, who showed a big improvem
Published 23 Feb, 2012 12:00am
Withdraw from Senate polls or 'face the music': PPP tells Arbab Rahim

Withdraw from Senate polls or 'face the music': PPP tells Arbab Rahim

'Support the joint candidates of PPP, MQM and PML-F in Senate elections or face the music' is the message PPP leadership has reportedly conveyed to Pakistan Muslim League-Likeminded (PML-L) Chief Arbab Ghulam Rahim on Wednesday. Well-placed sources in PPP
Published 23 Feb, 2012 12:00am
German auto giant to set up plant in Pakistan

German auto giant to set up plant in Pakistan

German Agriculture Minister will visit soon to explore new business avenues in Agriculture sector, while a German auto sector giant is also making a huge investment by establishing its manufacturing plant in Pakistan. The Head of Commercial Section, Germa
Published 23 Feb, 2012 12:00am
Senate elections: PPP, MQM strike deal

Senate elections: PPP, MQM strike deal

Pakistan People's Party (PPP) and Muttahida Qaumi Movement (MQM) on Wednesday reached an understanding for seat adjustment in upcoming Senate elections in Sindh. Sources in both parties told Business Recorder that under the agreement, seven out of
Published 23 Feb, 2012 12:00am
PML-N leader regrets Hashmi's statement

PML-N leader regrets Hashmi's statement

Pakistan Muslim League-Nawaz (PML-N) Wednesday said that a binding agreement between PPP and PML-N was not to field any candidate from the party for presidential slot.
Published 23 Feb, 2012 12:00am
Dinner held for Pakistani businesspeople at HC

Dinner held for Pakistani businesspeople at HC

A dinner hosted by the Pakistan High Commission in London was held on Monday in honour of the Pakistani businesspeople who had travelled to the UK in partnership with The British Council Pakistan to raise awareness of investment and employment opportuniti
Published 23 Feb, 2012 12:00am
'Discriminate' gas supply: APTPMA threatens to go on strike from March 1

'Discriminate' gas supply: APTPMA threatens to go on strike from March 1

Over 200 members of All Pakistan Textile Processing Mills Association (APTPMA) of Lahore, Gujranwala and Faisalabad regions have threatened to go on strike from 1st March to protest 'discriminate gas supply' and 14 to 16-hour daily shutdown by the electri
Published 23 Feb, 2012 12:00am
Brahamdagh asks Balochistan chief minister, governor to resign

Brahamdagh asks Balochistan chief minister, governor to resign

Chief of Baloch Republican Party and grandson of Nawab Akbar Bugti Brahamdagh Bugti while welcoming a resolution in the US Congress on Balochistan has said he does not enjoy support of India or America. If anyone would support him he would accept it, acco
Published 23 Feb, 2012 12:00am
ICI Pakistan Limited

ICI Pakistan Limited

ICI Pakistan is a chemical manufacturer that has been operating for the greater part of the 70 years. It consists of five divisions or "Businesses" catering to a mix of industrial and consumer goods: Polyester, Soda Ash, Paints, Life Sciences and Chemical
Published 23 Feb, 2012 12:00am
ICI Pakistan Limited

ICI Pakistan Limited

ICI Pakistan is a chemical manufacturer that has been operating for the greater part of the 70 years. It consists of five divisions or "Businesses" catering to a mix of industrial and consumer goods: Polyester, Soda Ash, Paints, Life Sciences and Chemical
Published 23 Feb, 2012 12:00am
French police free Strauss-Kahn

French police free Strauss-Kahn

Former IMF chief Dominique Strauss-Kahn was released from a French police station on Wednesday after two days of questioning about an alleged illegal prostitution ring. The 62-year-old former Socialist minister was driven away by car under a police motorc
Published 23 Feb, 2012 12:00am
Australia's Foreign Minister resigns amid leadership row

Australia's Foreign Minister resigns amid leadership row

Australia's foreign minister Kevin Rudd resigned Wednesday, saying he was unable to continue without Prime Minister Julia Gillard's support, paving the way for him to make a leadership challenge. In a dramatic late-night resignation speech from Washington
Published 23 Feb, 2012 12:00am
Tony Blair's wife sues over phone-hacking

Tony Blair's wife sues over phone-hacking

The wife of former British prime minister Tony Blair has launched legal action over phone hacking, her lawyer said on Wednesday, reportedly against Rupert Murdoch's media empire. "I can confirm that we have issued a claim on behalf of Cherie Blair in rela
Published 23 Feb, 2012 12:00am
Nine killed in protests over Quran desecration

Nine killed in protests over Quran desecration

At least nine demonstrators were shot dead and dozens wounded Wednesday in violent protests across Afghanistan over Holy Quran desecration at a US-run military base, officials said. The Afghan interior ministry blamed at least one of the deaths on "foreig
Published 23 Feb, 2012 12:00am
South Sudan expels Chinese head of top oil firm

South Sudan expels Chinese head of top oil firm

South Sudan has expelled the Chinese head of the country's largest oil firm Petrodar on charges of colluding with former civil war foe Sudan to "steal" millions of barrels of its oil, a minister said Wednesday. "It is the first time in South Sudan's histo
Published 23 Feb, 2012 12:00am
Female civil servants to wear uniforms in Iran

Female civil servants to wear uniforms in Iran

Iran is obliging female civil servants to wear uniforms at work, ISNA news agency reported Wednesday. Azar Nazari, the head of women's affairs of the Tehran governor's office said that women would be obliged to wear uniforms from the start of the new Pers
Published 23 Feb, 2012 12:00am
Leaders meet in UK over fragile Somalia's future

Leaders meet in UK over fragile Somalia's future

Somalia's fragile leadership, its neighbours and international allies are meeting in London in the hope of speeding the troubled east African nation's progress toward a stable government and containing the threat from Islamic militants who some fear could
Published 23 Feb, 2012 12:00am
Mubarak trial enters last day before verdict

Mubarak trial enters last day before verdict

The landmark murder and corruption trial of ousted Egyptian president Hosni Mubarak entered its final day of hearings on Wednesday, with the judge expected to announce the date of the verdict. The trial could see the toppled dictator, his interior ministe
Published 23 Feb, 2012 12:00am
Israel approves 500 new West Bank homes

Israel approves 500 new West Bank homes

An Israeli committee on Wednesday approved construction of 500 new homes in the West Bank settlement of Shilo and retroactively legalised more than 200 built without permits, a spokesman said. The committee, which falls under the auspices of the defence m
Published 23 Feb, 2012 12:00am
Iran will have US-range missile in 2-3 years: Israel

Iran will have US-range missile in 2-3 years: Israel

Israel believes that within 2-3 years Iran will have intercontinental missiles able to hit the United States, an Israeli minister said in remarks aimed at raising awareness of the threat it believes a nuclear Iran would pose to the world. Analysts now est
Published 23 Feb, 2012 12:00am
EU suspends copyright treaty ratification

EU suspends copyright treaty ratification

The European Commission, facing steep opposition, has suspended efforts to ratify a new international anti-counterfeiting agreement instead referring it to Europe's highest court to see whether it violates any fundamental EU rights. EU Trade Commissioner
Published 23 Feb, 2012 12:00am
Saif Ali Khan gets bail in assault case

Saif Ali Khan gets bail in assault case

Leading Bollywood actor Saif Ali Khan surrendered to police after being accused of breaking a man's nose in an brawl at a luxury hotel restaurant in Mumbai, police said on Wednesday. The star was released on bail after being questioned about the incident
Published 23 Feb, 2012 12:00am
Daewoo wins British navy tankers deal

Daewoo wins British navy tankers deal

South Korea's Daewoo Shipbuilding and Marine Engineering has won a contract to supply Britain's Royal Navy with four new tankers, the Ministry of Defence said Wednesday. The deal to supply the 37,000-tonne tankers is worth £452 million ($709 million, 535
Published 23 Feb, 2012 12:00am
49 dead in Buenos Aires train crash

49 dead in Buenos Aires train crash

A packed commuter train slammed into a retaining wall at a railway terminus in Buenos Aires during rush hour Wednesday, leaving at least 49 dead, 550 injured, and dozens trapped in the wreckage. "The train was full and the impact was tremendous," a passen
Published 23 Feb, 2012 12:00am
New York cotton settles higher

New York cotton settles higher

Most US cotton futures settled higher on Tuesday, rallying with other commodities, especially crude oil, and the euro as investors found relief from European officials' agreement to a debt bailout deal for Greece. Euro zone finance ministers agreed to a 1
Published 23 Feb, 2012 12:00am
Shanghai copper gains

Shanghai copper gains

The most-traded May copper contract on the Shanghai Futures Exchange gained half a percent to 60,370 yuan ($9,600) a tonne on Wednesday. "Copper prices are likely to remain range bound in the short term, before we see any improvement in demand," said a Sh
Published 23 Feb, 2012 12:00am
Copper falls on demand concerns, China data

Copper falls on demand concerns, China data

Copper eased on Wednesday, paring the previous session's sharp gains, with confidence rattled by weak export and manufacturing data from top consumer China and uncertainty over Greece's ability to implement tough reforms aimed at cutting its debt.
Published 23 Feb, 2012 12:00am
Brent crude stays near nine-month high

Brent crude stays near nine-month high

Brent crude oil firmed near nine-month highs on Wednesday as supportive Iran-related tensions and supply worries outmatched pressure from weak economic data in Europe and China, which cast doubt on future global growth. US crude futures turned positive in
Published 23 Feb, 2012 12:00am
Tokyo rubber futures jump

Tokyo rubber futures jump

Tokyo rubber futures jumped 2.8 percent on Wednesday, revisiting a 5-month high on hopes for the long-awaited Greek bailout deal and firmness in oil prices, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery rose
Published 23 Feb, 2012 12:00am
Palm oil off eight-month highs

Palm oil off eight-month highs

Malaysian crude palm oil futures ended lower on Wednesday as nervous investors booked profits after an upbeat demand outlook and stronger crude oil prices helped the edible oil scale eight-month highs earlier in the session. Benchmark May palm oil futures
Published 23 Feb, 2012 12:00am
Corn drops, soya rise

Corn drops, soya rise

US corn futures fell 1.9 percent on Tuesday while soyabean futures rose as the market tried to entice farmers to boost soyabean plantings amid expectations for massive corn acreage across the Midwest this spring, traders said. Wheat futures also dropped,
Published 23 Feb, 2012 12:00am
Sugar and cocoa climb

Sugar and cocoa climb

Raw sugar extended its gains and rose to a 3-1/2 month high on Wednesday, in part due to concerns about nearby supply tightness, while cocoa futures hit a four-week high after climbing above a key technical level. Coffee futures consolidated lower. March
Published 23 Feb, 2012 12:00am
Gold rises in New York

Gold rises in New York

Gold rose more than 1 percent on Tuesday, breaking ranks with the euro and equities, as a massive European bailout deal had investors buying the metal amid doubts the bailout will work. Gold rallied to its highest in more than two weeks after euro zone fi
Published 23 Feb, 2012 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold steadied on Wednesday after rising to its strongest in more than two weeks as concerns about Greece's ability to implement an unpopular bailout deal balanced gains triggered by the actual agreement. Spot gold rose to $1,759.84 an ounce in early trade
Published 23 Feb, 2012 12:00am
Gold down in London

Gold down in London

Gold eased on Wednesday as soft euro zone economic data and persistent concerns over Europe's finances hurt the euro and weighed on stock markets, while a supply upset in major producer South Africa lifted platinum to five-month highs. Spot gold was down
Published 23 Feb, 2012 12:00am
US MIDDAY: soya drops

US MIDDAY: soya drops

US soyabean futures fell early on Wednesday on concerns that China, the world's top purchaser of soyabeans, may be forced to slow its imports amid signs of strain to the world's second-largest economy, traders said. At 10:14 am CST (1614 GMT), CBOT March
Published 23 Feb, 2012 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

The key COMEX March contract inched slightly lower to settle at $3.8335 per lb, down from $3.8365 in Tuesday's settlement, but was trading slightly higher at $3.8445 per lb at 1419 EST (1918 GMT). Technically, copper will find support around $3.83, the 20
Published 23 Feb, 2012 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold eased on Wednesday, declining after Tuesday's rally as a rise in the dollar, worries over a euro zone recession and doubts over the bailout of Greece prompted investors to take profits. Platinum prices rose nearly 2 percent to a five-month high due t
Published 23 Feb, 2012 12:00am
Sindh chief minister meets Ibad

Sindh chief minister meets Ibad

Provincial Chief Minister, Syed Qaim Ali Shah, called on Sindh Governor, Dr Ishratul Ibad Khan, at the Governor House here on Tuesday evening. Matters pertaining to the prevailing situation in the province, development works and the Senate elections besid
Published 23 Feb, 2012 12:00am
Two alleged bandits killed

Two alleged bandits killed

At-least two bandits were killed while two others were injured in separate encounters in various parts of the metropolis, here on Wednesday. According to police, the first encounter took place in Block 3 of Gulistan Jauhar where three armed men, who tried
Published 23 Feb, 2012 12:00am
Turkish steel exporters to visit Pakistan

Turkish steel exporters to visit Pakistan

A high level delegation of Turkish steel exporters will visit Pakistan early next month to hold meetings with the government officials, private sector commercial importers and industrial users of steel in Pakistan. Members of the delegation, representing
Published 23 Feb, 2012 12:00am
Fire brigade employees to get new uniform soon

Fire brigade employees to get new uniform soon

The employees of Fire Brigade department of Karachi Metropolitan (KMC) once again assured that new uniform will be provided to them in next couple of days. The staff of fire brigade department has been deprived of new uniform for last two to three years.
Published 23 Feb, 2012 12:00am
PIA earns Rs 1.1 billion in 2011 through MRO business

PIA earns Rs 1.1 billion in 2011 through MRO business

"The PIA's maintenance, repair and overhaul (MRO) business is now in the expansion phase with an increase in the number of customers from 14 to 40. PIA has earned Rs 1.1 billion in the year 2011 through MRO business while the revenue set for the year 2012
Published 23 Feb, 2012 12:00am
Future of gas pipeline projects in doldrums: National Assembly body

Future of gas pipeline projects in doldrums: National Assembly body

National Assembly's Standing Committee on Textile observed on Wednesday the gas pipeline projects are uncertain to begin, saying "vested interest" left the natural resources unexplored in the country to increase Pakistan's dependency on imported energy.
Published 23 Feb, 2012 12:00am
Pak-Malaysia business forum on February 28

Pak-Malaysia business forum on February 28

More than 150 businessmen, including 120 from Malaysia, are set to attend the Pakistan Malaysia Business & Investment Forum being held in Kuala Lumpur, on 28th February 2012, to explore avenues for joint investments and business opportunities in Pakistan,
Published 23 Feb, 2012 12:00am
Previous Day