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Print - 2012-02-29
Euro MP seeks credit rating agency market share caps

Euro MP seeks credit rating agency market share caps

Credit rating agencies should have their market share capped in the European Union to promote more competition in a sector dominated by the "Big Three", a report from an EU member of parliament said. The big rating agencies such as Moody's Investors Servi
Published 29 Feb, 2012 12:00am
Nargis allowed to appear in court

Nargis allowed to appear in court

The Supreme Court Tuesday accepted the plea of Prime Minister Syed Yousuf Raza Gilani's counsel to submit documents in contempt of court hearing and also allowed Cabinet/Defence Secretary Nargis Sethi to appear as a witness in the case. Ahsan apprised sev
Published 29 Feb, 2012 12:00am
Iraq approves $363 million power deal with Egypt's Orascom

Iraq approves $363 million power deal with Egypt's Orascom

Iraq's cabinet approved a $363 million contract on Tuesday with Egypt's Orascom Construction to build a 1,014 megawatt gas power plant in the north of the country, it said on Tuesday. The contract involves building a plant in Baiji, 180 km (112 miles) nor
Published 29 Feb, 2012 12:00am
18 dead in sectarian bus ambush

18 dead in sectarian bus ambush

Sectarian gunmen disguised in military fatigues hauled 18 Shias off buses Tuesday and shot them dead in cold blood in Kohistan. Authorities blamed the assault on militant groups, without naming a specific organisation. The attack took place in the norther
Published 29 Feb, 2012 12:00am
Iran's supertanker transfers condensate bound for China

Iran's supertanker transfers condensate bound for China

An Iranian supertanker anchored near Singapore has discharged a part cargo of condensate into a smaller China-bound tanker in what traders said on Tuesday was a rare move, taking place as Western sanctions are complicating oil trade with Iran. The smaller
Published 29 Feb, 2012 12:00am
18 dead in sectarian bus ambush

18 dead in sectarian bus ambush

Sectarian gunmen disguised in military fatigues hauled 18 Shias off buses Tuesday and shot them dead in cold blood in Kohistan. Authorities blamed the assault on militant groups, without naming a specific organisation. The attack took place in the norther
Published 29 Feb, 2012 12:00am
Russia, China resolve oil pricing dispute

Russia, China resolve oil pricing dispute

Russian state-controlled oil company Rosneft made a small price concession to China, the single biggest consumer of oil from its new eastern fields, to resolve a long-running dispute, a Russian industry source said on Tuesday. China buys 300,000 barrels p
Published 29 Feb, 2012 12:00am
RBS launches debt exchange

RBS launches debt exchange

Royal Bank of Scotland began a large scale debt exchange on Tuesday as the row over UK banks' tax avoidance schemes on such activity escalated. RBS is offering to buy-back GBP5.4bn equivalent of subordinated debt at a discount to par which will allow it t
Published 29 Feb, 2012 12:00am
British anti-capitalist camp cleared from St Paul's

British anti-capitalist camp cleared from St Paul's

Police and bailiffs cleared an anti-capitalist camp from outside St Paul's cathedral in London early on Tuesday, ending a four-month protest which resonated with Britons angered by huge bonuses awarded to bankers during an economic slowdown. There was no
Published 29 Feb, 2012 12:00am
Santander buys Kredyt Bank

Santander buys Kredyt Bank

The eurozone's biggest bank Santander is doubling its bet on Poland, Europe's most resilient economy, by taking over a unit of Belgian lender KBC to create a business worth about 5 billion euros ($6.7 billion). Spain's Santander will combine KBC's Kredyt
Published 29 Feb, 2012 12:00am
Confidence grows in eurozone economy

Confidence grows in eurozone economy

Confidence in the euro zone's economy rose for a second consecutive month in February, a survey showed on Tuesday, confirming a wider stabilisation across Europe that likely signals only a mild recession this year. The European Commission's economic senti
Published 29 Feb, 2012 12:00am
Barclays brand seen damaged by UK tax row

Barclays brand seen damaged by UK tax row

Barclays faces a double blow to its reputation and finances after Britain sought to retrieve more than 500 million pounds ($792 million) from banks by closing loopholes on "highly abusive" tax avoidance schemes. Britain said it would close two "aggressive
Published 29 Feb, 2012 12:00am
Barclays brand seen damaged by UK tax row

Barclays brand seen damaged by UK tax row

Barclays faces a double blow to its reputation and finances after Britain sought to retrieve more than 500 million pounds ($792 million) from banks by closing loopholes on "highly abusive" tax avoidance schemes. Britain said it would close two "aggressive
Published 29 Feb, 2012 12:00am
Italy 10-year debt costs fall at solid bond sale

Italy 10-year debt costs fall at solid bond sale

Italy paid the least since last August to place all of a planned offer of 10-year bonds on Tuesday, firm evidence of an easing of the pressure on the euro zone's third largest economy thanks largely to a flood of European Central Bank money into banks. Te
Published 29 Feb, 2012 12:00am
EU presses button on mobile roaming price cuts

EU presses button on mobile roaming price cuts

European Union lawmakers voted for steeper cuts to mobile phone roaming charges on Tuesday in a move that defied calls by the chief executives of Vodafone and France Telecom for a moratorium on revenue-hitting telecoms regulation. Politicians from the Eur
Published 29 Feb, 2012 12:00am
US factory data clouds view on recovery's strength

US factory data clouds view on recovery's strength

New orders for long-lasting US manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected. Other data on Tuesday cast doubt on the strength of a
Published 29 Feb, 2012 12:00am
South East Asian stocks rebound, Indonesia leads gains

South East Asian stocks rebound, Indonesia leads gains

Indonesian stocks climbed more than 1 percent on Tuesday while most other Southeast Asian stock markets moved higher amid selective buying of beaten-down big caps though investors remained cautious about the impact of high oil prices. Consumer and banking
Published 29 Feb, 2012 12:00am
KOSPI index gains

KOSPI index gains

South Korea's benchmark KOSPI index posted a gain on Tuesday but was trapped in a narrow range, with large-cap chipmakers providing upward momentum but high oil prices and a weak yen denting buying appetite. "High oil prices are starting to have a broader
Published 29 Feb, 2012 12:00am
Nikkei hits seven-month high

Nikkei hits seven-month high

Japan's Nikkei average hit a fresh seven-month closing high on Tuesday as investors reassessed the impact of Elpida Memory Inc's bankruptcy protection filing on the chip sector and bought back some of the stocks they sold earlier in the day. A softer yen,
Published 29 Feb, 2012 12:00am
Tuesday's early trade: stocks rise on strong data

Tuesday's early trade: stocks rise on strong data

US stocks rose on Tuesday on strong US consumer confidence data, but gains were capped after a report showed a drop in durable goods orders. Consumer confidence in the world's largest economy rose to a one-year high in February, according to a survey, as
Published 29 Feb, 2012 12:00am
S&P rises to highest level since 2008

S&P rises to highest level since 2008

The benchmark S&P 500 closed at its highest level since mid-2008 on Monday, extending gains for a third session as oil prices retreated after a recent rally and data showed further improvement in the US housing market. The S&P and the Nasdaq both eked out
Published 29 Feb, 2012 12:00am
Saudi index at new 41-month high

Saudi index at new 41-month high

Saudi Arabia's bourse ended at a new 41-month high on Tuesday after a session of volatile trading which saw the largest turnover in more than four years, as most other regional markets also extended gains. The kingdom's index rose 0.3 percent to 7,169 poi
Published 29 Feb, 2012 12:00am
Treasuries move up

Treasuries move up

US Treasury debt prices rose on Monday as oil prices and Europe's festering debt crisis undermined confidence in a potential global economic recovery and boosted demand for safe-haven US government debt. Analysts said prices were also supported by month-e
Published 29 Feb, 2012 12:00am
Treasuries move up

Treasuries move up

US Treasury debt prices rose on Monday as oil prices and Europe's festering debt crisis undermined confidence in a potential global economic recovery and boosted demand for safe-haven US government debt. Analysts said prices were also supported by month-e
Published 29 Feb, 2012 12:00am
Indian shares snap four-day slide

Indian shares snap four-day slide

Indian shares climbed 1.6 percent on Tuesday, snapping a four-session slide, with banks and automakers leading the rise on expectations for an interest rate cut next month. Fund managers are betting the economy would pick up pace in the coming fiscal year
Published 29 Feb, 2012 12:00am
Brokers rally against cut to lunch break

Brokers rally against cut to lunch break

Hong Kong stockbrokers marched through the central business district Tuesday in a last-ditch attempt to stop the city's stock market operator from trimming their lunch break next month. Waving cutout figures of the stock exchange's CEO and its chairman, b
Published 29 Feb, 2012 12:00am
Hong Kong and China shares rise

Hong Kong and China shares rise

Hong Kong and China shares rose on Tuesday, bolstered by Chinese financials after mainland media reported that Beijing's regulator is allowing banks to make new loans to complete unfinished local government investment projects. The Shanghai Composite Inde
Published 29 Feb, 2012 12:00am
European shares edge up

European shares edge up

European shares edged up on Tuesday as investors braced for the next round of the European Central Bank's (ECB) injection of cheap cash for banks, a major factor in driving the market's rally in 2012. Strategists said equities will benefit further from th
Published 29 Feb, 2012 12:00am
Miners lift FTSE on expectations of ECB cash boost

Miners lift FTSE on expectations of ECB cash boost

Britain's FTSE 100 crept into positive territory on Tuesday, with miners tracking metal prices higher as the anticipation of cheap European Central Bank loans flooding the financial system boosted the outlook for raw materials demand and for lending. Lond
Published 29 Feb, 2012 12:00am
Sterling steadies

Sterling steadies

Sterling traded close to its highest in more than 3 months versus the dollar on Tuesday ahead of an injection of cheap funds by the European Central Bank that is expected to boost investors' appetite for riskier currencies. However, it pulled off highs, t
Published 29 Feb, 2012 12:00am
Yen off lows in Asia

Yen off lows in Asia

The yen on Tuesday pulled away from a 9-month low plumbed the day before on month-end buying by Tokyo exporters, although short-covering by hedge funds forced it to relinquish some early gains, traders said. A record trade deficit, shrinking current accou
Published 29 Feb, 2012 12:00am
Euro climbs in London

Euro climbs in London

The euro traded close to a three-month high against the US dollar on Tuesday ahead of an injection of cheap cash from the European Central Bank that looked set to boost risk appetite and fuel short-term gains in the single currency. It also advanced again
Published 29 Feb, 2012 12:00am
Early trade in New York: Euro climbs to session peak versus dollar

Early trade in New York: Euro climbs to session peak versus dollar

The euro recovered to trade at a session peak against the dollar on Tuesday as investors looked past a plan by Ireland to hold a referendum on Europe's new fiscal treaty. The euro was last up 0.5 percent at $1.3461 after climbing as high as $1.3467.
Published 29 Feb, 2012 12:00am
Yen rebounds in New York

Yen rebounds in New York

The yen rebounded from multi-month lows against the dollar and euro on Monday as a weeks long sell-off halted ahead of an ECB debt sale that could test investors' appetite for risk. The yen had been on a steady downward trajectory ever since the Bank of J
Published 29 Feb, 2012 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.70-81.82 (previous 81.60-81.80). Call Money Rates: 07.00-16.00 percent (previous 08.00-18.00 percent).
Published 29 Feb, 2012 12:00am
Swiss franc up

Swiss franc up

The Swiss franc shadowed the euro higher against the dollar on Tuesday as the single currency closed on a three-month high as an upcoming liquidity injection from the European Central Bank eclipsed worries over Greece, buoying the single currency. The fra
Published 29 Feb, 2012 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose on Tuesday on capital flows into local stocks and debt, with investors' risk hunger improving as worries over Greece's debt crisis eased. "Despite the volatility in equities, foreign investors have been net buyers. We could therefore
Published 29 Feb, 2012 12:00am
Most emerging Asian currencies advance

Most emerging Asian currencies advance

Most emerging Asian currencies advanced on Tuesday before a fresh injection of cheap money by the European Central Bank, although investors remained worried about oil prices. The three-year, low interest loans are expected to maintain inflows to Asia and
Published 29 Feb, 2012 12:00am
Australian and New Zealand dollars stay up

Australian and New Zealand dollars stay up

The Australian and New Zealand dollars held firm on Tuesday, underpinned by talk a coming jolt of bank liquidity in Europe could bolster risk appetite, though their near four-week rally against the yen faced a setback as profit-takers emerged.
Published 29 Feb, 2012 12:00am
Yuan ends higher

Yuan ends higher

The yuan closed up slightly against the dollar on Tuesday, led by a stronger mid-point fixing, but traders said the currency had little room to rise sharply due to a subdued economic outlook. Uncertainties caused by the euro zone debt crisis and worries o
Published 29 Feb, 2012 12:00am
Magazine fined for Lyon escort girls claim

Magazine fined for Lyon escort girls claim

Lyon president Jean-Michel Aulas on Tuesday succeeded in a court case against a magazine that had accused the Ligue 1 club of hiring escort girls for their players. The magazine, Mag2Lyon, and sociologist Patrick Vassort were each ordered to pay a 3,000 e
Published 29 Feb, 2012 12:00am
Pattinson returns for Australia in ODIs

Pattinson returns for Australia in ODIs

Fit-again paceman James Pattinson was Tuesday included in Australia's 13-man squad for the remainder of the tri one-day series against Sri Lanka and India. Pattinson, 21, who took 21 wickets in his first four Tests and was man-of-the match twice, develope
Published 29 Feb, 2012 12:00am
Clubs strike fixture-cutting deal with UEFA

Clubs strike fixture-cutting deal with UEFA

European football clubs on Tuesday announced a deal with UEFA to cut the number of international fixtures, which they complain can overload players, but FIFA, which has the final say, questioned their stance. The European Club Association (ECA), which gro
Published 29 Feb, 2012 12:00am
Murray struggles but wins in Dubai opener

Murray struggles but wins in Dubai opener

Three-time Grand Slam finalist Andy Murray was made to struggle by a qualifier on Tuesday before surviving the opening round of the Dubai Open. Murray, playing for the first time since almost halting Novak Djokovic in the semi-finals of last month's Austr
Published 29 Feb, 2012 12:00am
Standings

Standings

Standings in the one-day international tri-series after Tuesday's game between India and Sri Lanka in Hobart (games, wins, losses, tied, points):

Published 29 Feb, 2012 12:00am
Kohli the hero as India stay alive in tri series

Kohli the hero as India stay alive in tri series

Virat Kohli blasted an unbeaten 133 off just 86 balls as India's stunning seven-wicket bonus point victory over Sri Lanka kept them alive in the tri one-day series in Hobart on Tuesday. The 23-year-old right-hander produced his highest ODI score to superc
Published 29 Feb, 2012 12:00am
Bekele to run in Dublin ahead of Olympics

Bekele to run in Dublin ahead of Olympics

Distance running great Kenenisa Bekele is to compete in the Great Ireland Run in Dublin on April 15, organisers said Tuesday, as part of his preparations for the London Olympics. Reigning Olympic 5,000 metres and 10,000m champion Bekele finished way down
Published 29 Feb, 2012 12:00am
Punjab Sports Festival begins

Punjab Sports Festival begins

The first-ever Punjab Sports Festival 2012 was kicked off here at National Hockey Stadium Tuesday, amid lights, colours and jubilation. The Punjab Chief Minister Muhammad Shahbaz Sharif was the Chief Guest and declared the festival open. Kifayat Ullah lit
Published 29 Feb, 2012 12:00am
Games likely to undershoot budget: Britain says

Games likely to undershoot budget: Britain says

Britain looks likely to have money left over from the 9.3 billion pounds ($14.7 billion) in public funds it has earmarked for the London Olympic Games, sports minister Hugh Robertson said on Tuesday. A security bill that has climbed to more than a billion
Published 29 Feb, 2012 12:00am
England drop Morgan for Sri Lanka tour

England drop Morgan for Sri Lanka tour

England dropped Eoin Morgan from their Test squad for the tour of Sri Lanka following the former Ireland batsman's dismal series against Pakistan in the United Arab Emirates (UAE). Middlesex left-hander Morgan averaged just 13.66 against Pakistan as Engla
Published 29 Feb, 2012 12:00am
Misbah defiant despite ODI, Twenty20 defeats

Misbah defiant despite ODI, Twenty20 defeats

Pakistan's Misbah-ul Haq on Tuesday cautioned against a drastic overhaul in personnel after one-day and Twenty20 losses against England, warning that change for change's sake could be damaging in the long-run. Misbah failed to guide Pakistan to victory fr
Published 29 Feb, 2012 12:00am
US, Egypt lurch into perilous limbo on NGO case

US, Egypt lurch into perilous limbo on NGO case

US hopes for a quick end to its dispute with Egypt over pro-democracy groups have been dashed, stranding both countries in a dangerous limbo as pressures build on a security partnership that is vital to Washington. The Obama administration had hoped the r
Published 29 Feb, 2012 12:00am
Romney hopes to avoid Michigan bear-trap

Romney hopes to avoid Michigan bear-trap

Mitt Romney hopes to avoid an embarrassing slip-up in his native Michigan on Tuesday as he looks to wrest the momentum back from surging rival Rick Santorum in a key Republican presidential nominating contest. Two polls released Tuesday showed the men in
Published 29 Feb, 2012 12:00am
Top French court strikes down genocide bill

Top French court strikes down genocide bill

France's Constitutional Council ruled on Tuesday that a new law that would make it illegal to deny the mass killing of Armenians by Ottoman Turks nearly a century ago is unconstitutional, a move quickly welcomed by Turkey. The decision by France's highest
Published 29 Feb, 2012 12:00am
Egypt upper house picks Islamist as speaker

Egypt upper house picks Islamist as speaker

Egypt's Islamist-led upper house of parliament chose a Muslim Brotherhood deputy as its speaker on Tuesday, cementing the group's dominance in the legislature after elections handed it a majority of seats. The Brotherhood's Freedom and Justice Party (FJP)
Published 29 Feb, 2012 12:00am
Belarus asks EU, Polish envoys to leave

Belarus asks EU, Polish envoys to leave

Belarus on Tuesday asked the ambassador of the European Union and the Polish ambassador to leave the country and recalled its own ambassadors from Brussels and Warsaw, the Belarussian Foreign Ministry said. Minsk announced its move just as the EU formally
Published 29 Feb, 2012 12:00am
China signs deal for mega mosque in Algeria

China signs deal for mega mosque in Algeria

Algeria signed a deal with a Chinese construction giant on Tuesday for the building of a vast new one billion euro mosque that is expected to be the third largest in the world. Religious Affairs Minister Bouabdallah Ghlamallah declared that the grand mosq
Published 29 Feb, 2012 12:00am
Riots in China's Xinjiang kill 12

Riots in China's Xinjiang kill 12

Riots in the volatile Chinese region of Xinjiang left at least 12 people dead Tuesday, state news agency Xinhua reported, in the latest unrest to rock the country's remote north-west. The news agency said that "rioters" killed at least 10 people, and poli
Published 29 Feb, 2012 12:00am
Thousands of Russians to monitor vote, stop fraud

Thousands of Russians to monitor vote, stop fraud

Before officials could sign off on the vote tally at Moscow polling station No 81 in December's parliamentary poll, the local election commission chief had disappeared with the ballots, they said. The election officials waited for her until almost 1:00 am
Published 29 Feb, 2012 12:00am
Calling Assad war criminal could complicate things: Clinton

Calling Assad war criminal could complicate things: Clinton

US Secretary of State Hillary Clinton said Tuesday an argument could be made for declaring President Bashar al-Assad a war criminal, but said such action could complicate a solution in Syria. "Based on definitions of war criminal and crimes against humani
Published 29 Feb, 2012 12:00am
Wounded British journalist 'safe in Lebanon'

Wounded British journalist 'safe in Lebanon'

Wounded British journalist Paul Conroy has been smuggled safely out of the besieged Syrian rebel city of Homs and crossed into Lebanon, officials said on Tuesday. But there was uncertainty over the fate of French reporter Edith Bouvier, who was first repo
Published 29 Feb, 2012 12:00am
Death toll well over 7,500: UN

Death toll well over 7,500: UN

The United Nations said Tuesday that well over 7,500 people have been killed in the brutal Syrian crackdown amid new international demands for the Damascus government to allow humanitarian access. France urged Russia and China to back a UN Security Counci
Published 29 Feb, 2012 12:00am
Syria walks out of UN human rights debate

Syria walks out of UN human rights debate

Syria boycotted a UN debate on the human rights situation in the violence-wracked country on Tuesday, while its ally Russia urged Damascus to cooperate with efforts to allow in humanitarian aid. Syria has seen 11 months of demonstrations against the regim
Published 29 Feb, 2012 12:00am
Attock Cement

Attock Cement

Attock Cement Pakistan Ltd is a cement producer and a publicly-traded company on the Karachi Stock Exchange. ACPL specialises in the manufacture of falcon brand cement, and its products include Ordinary Portland Cement, Sulphate Resistant Cement and Portl
Published 29 Feb, 2012 12:00am
Attock Cement

Attock Cement

Attock Cement Pakistan Ltd is a cement producer and a publicly-traded company on the Karachi Stock Exchange. ACPL specialises in the manufacture of falcon brand cement, and its products include Ordinary Portland Cement, Sulphate Resistant Cement and Portl
Published 29 Feb, 2012 12:00am
New York cotton ends up

New York cotton ends up

Cotton futures finished higher on Tuesday on investor short-covering fuelled by a surge in the grains complex, strong financial markets and a weaker dollar, analysts said. Benchmark May cotton on ICE Futures US went up 1.57 cents to finish at 92.24 cents
Published 29 Feb, 2012 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded May copper contract on the Shanghai Futures Exchange climbed 1.1 percent to 61,060 yuan ($9,700) a tonne on Tuesday. "I believe Chinese demand is recovering but at a very, very slow pace," said Judy Zhu, commodity analyst at Standard Chart
Published 29 Feb, 2012 12:00am
Copper hits two-week high

Copper hits two-week high

Copper prices rallied to a more than two-week high on Tuesday, boosted by anticipation of large-scale cheap funding for banks from the European Central Bank, but further gains were capped by uncertainty about the pace of recovery in the US economy. Three
Published 29 Feb, 2012 12:00am
Oil falls on demand worry, eyeing eurozone

Oil falls on demand worry, eyeing eurozone

Oil prices fell a second day on Tuesday as investors gauged the threat to demand from high prices against supply concerns and anticipation of more liquidity injections from the European Central Bank that were expected to support petroleum futures.
Published 29 Feb, 2012 12:00am
Tokyo rubber futures edge down

Tokyo rubber futures edge down

Key TOCOM rubber futures extended losses on Tuesday in heavy trading after recent rapid gains, but brighter global economic prospects and a recent slide in the yen limited the fall. The key Tokyo Commodity Exchange rubber contract for August delivery sett
Published 29 Feb, 2012 12:00am
Soyabeans rise

Soyabeans rise

US soyabeans rallied for a sixth straight session on Monday, rising to a fresh five-month high and bolstering corn and wheat futures, both of which rebounded from early losses to close higher. Soyabean futures have gained in 10 of the last 11 sessions, wi
Published 29 Feb, 2012 12:00am
Palm oil hits new highs

Palm oil hits new highs

Malaysian crude palm oil futures touched a new eight-and-a-half month high on Tuesday, buoyed by improving demand prospects, but gains were limited as investors worried about the risks to global growth from high oil prices. Malaysian export numbers on Mon
Published 29 Feb, 2012 12:00am
Sugar eases

Sugar eases

ICE raw sugar futures eased off the previous session's four-month high on Tuesday, as fund buying supported the market, while dealers focused on the imminent expiry of the spot month. Cocoa was higher as dealers noted a pick-up in fund interest across the
Published 29 Feb, 2012 12:00am
Gold falls in New York

Gold falls in New York

Gold prices eased on Monday, as a weaker euro and oil's retreat halted the metal's attempt to test technical resistance at above $1,800 an ounce following last week's sharp rally. Bullion was pressured by lingering economic uncertainty after leading econo
Published 29 Feb, 2012 12:00am
Gold up in Asia

Gold up in Asia

Gold inched higher on Tuesday after two sessions of straight losses, ahead of a major cash injection by the European Central Bank expected later this week, and a weaker dollar lent support. Spot gold edged up 0.3 percent to $1,771.96 an ounce by 0643 GMT,
Published 29 Feb, 2012 12:00am
Gold rises in London

Gold rises in London

Gold prices rose on Tuesday, benefiting from gains in the euro ahead of an expected injection of cheap money from the European Central Bank this week, which is lifting appetite for assets seen as higher risk like stocks and commodities. Spot gold was up 0
Published 29 Feb, 2012 12:00am
US MIDDAY: soya jumps

US MIDDAY: soya jumps

US soybeans rose for the seventh session on Tuesday, reaching a five-month high at midday on expectations that shrinking supplies in South America will boost US exports especially to top buyer China. Soybean futures have increased 12 out of the last 13 se
Published 29 Feb, 2012 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

In New York, the most active May COMEX contract rose 3.25 cents to settle at $3.9215 per lb, after dealing between $3.8670 and $3.9575. Copper has climbed around 13 percent so far this year, largely in line with gains in the Shanghai Composite Index.
Published 29 Feb, 2012 12:00am
US MIDDAY: silver rallies

US MIDDAY: silver rallies

Silver rallied more than 4 percent on Tuesday after it breached key technical resistance and gold prices raced toward $1,800 an ounce a day before the European Central Bank will offer cheap loans to banks. Bullion rose to a three-month high as markets foc
Published 29 Feb, 2012 12:00am
Kishori Lal made PPP Sindh Secretary Finance

Kishori Lal made PPP Sindh Secretary Finance

Sindh Chief Minister Syed Qaim Ali Shah, who is also President of Pakistan People's Party (PPP) Sindh chapter, has selected the Hari Ram Kishori Lal as the Secretary Finance of PPP Sindh here on Tuesday. Kishori Lal is also a candidate of party for Senate
Published 29 Feb, 2012 12:00am
Seminar on revised ICAP's code of ethics held

Seminar on revised ICAP's code of ethics held

Members of the Institute of Chartered Accountants of Pakistan (ICAP) deliberated on the revised 'Code of Ethics for Professional Accountants' issued by the International Ethics Standards Board for Accountants (IESBA) in a seminar at ICAP House, Clifton, o
Published 29 Feb, 2012 12:00am
ECP sets up 15,880 display centres in Sindh

ECP sets up 15,880 display centres in Sindh

Election Commission of Pakistan (ECP) has set up 15,880 display centres in all districts of Sindh to get verified Draft Electoral Rolls (DERs), which would start working from today (February 29) for 21 days, Business Recorder learnt on Tuesday. The
Published 29 Feb, 2012 12:00am
MQM activist among two gunned down

MQM activist among two gunned down

At least two persons including an activist of Muttahida Qaumi Movement (MQM) were gunned down in separate incidents at various parts of the metropolis here on Tuesday. According to police, a 26-year-old Noor Hussain son of Asghar was targeted when he was
Published 29 Feb, 2012 12:00am
Orders of BMP /SBP Governor - asks banks to submit compliance report

Orders of BMP /SBP Governor - asks banks to submit compliance report

The State Bank of Pakistan (SBP) has advised all banks/ DFIs to submit a compliance report of every order of Banking Mohtasib of Pakistan (BMP) and SBP Governor along with documentary evidence, within one week of its compliance to the Head, Consumer Prote
Published 29 Feb, 2012 12:00am
Megatech 2012 from March 1

Megatech 2012 from March 1

The 10th edition of the International Machinery Exhibition of Garment and Textile Technology - Megatech Pakistan 2012 - is all set to lead to the textile exhibition season of 2012 from March 1 to 3, at the Expo Centre Lahore.
Published 29 Feb, 2012 12:00am
Hoax bomb call creates panic

Hoax bomb call creates panic

A hoax bomb call created panic in a cellphone company's office, located in the limits of Ferozabad police station, here on Tuesday. According to SHO Ijaz Khwaja, an unknown caller warned the staff that a bomb was planted in the office that led to suspensi
Published 29 Feb, 2012 12:00am
Sindh MPA's father-in-law arrested

Sindh MPA's father-in-law arrested

Jackson police on Tuesday claimed to have arrested a father-in-law of one of the MPAs in Sindh Assembly over the charge of releasing two drug peddlers from the lock-up.
Published 29 Feb, 2012 12:00am
Naval chief visits forward bases

Naval chief visits forward bases

Chief of the Naval Staff, Admiral Muhammad Asif Sandila on Tuesday visited the forward bases of Pak Marines at Pak-India border to oversee the operational preparedness of troops deployed in the area. The Naval Chief was accompanied by Commander Coast Rear
Published 29 Feb, 2012 12:00am
Dialogue on education standards organised

Dialogue on education standards organised

Sindh Manik Moti Tanzeem organised a dialogue on education: 'Ways for its improvement and reasons of decreasing of education standards,' at Gymkhana Hyderabad on Monday evening. Speaking on the occasion, noted intellectual Muhammad Ibrahim Joyo highlighte
Published 29 Feb, 2012 12:00am
'Change the System is solution to crises'

'Change the System is solution to crises'

Religious scholar of eminence, Shaykh-ul-Islam, Dr M Tahir-ul-Qadri, has come up with the concept of "Change the System" which, in his considered opinion is the only way to pull the country out of its present morass. Speaking at the "Ambassador of Peace C
Published 29 Feb, 2012 12:00am
IBA, HBFCL sign scholarship fund accord

IBA, HBFCL sign scholarship fund accord

Institute of Business Administration (IBA) and the House Building Finance Company Limited (HBFCL) on Tuesday joined hands to award scholarships. The agreement in this regard was signed between IBA Dean Dr Ishrat Hussain and HBFCL MD Azhaz A Jafferi at IBA
Published 29 Feb, 2012 12:00am
Training course

Training course

National Productivity Organisation (NPO), Ministry of Industries, Government of Pakistan in collaboration with the Hyderabad Chamber of Commerce & Industry (HCCI), is pleased to announce a one day training course on "Strategic Supply Chain Management". Th
Published 29 Feb, 2012 12:00am
Acting vice chancellor assures SU officers of protecting rights

Acting vice chancellor assures SU officers of protecting rights

Sindh University Officers Welfare Association has requested the Acting Vice Chancellor not to ignore the officers while making any change among sectional heads without any reason and showed their concern on rumours for further changes by assigning respons
Published 29 Feb, 2012 12:00am
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