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Print - 2012-03-05
Eating citrus lowers women's stroke risk: study

Eating citrus lowers women's stroke risk: study

Women who regularly eat citrus fruits such as oranges and grapefruit may have a lower risk of blood-clot related stroke, according to a US study published on February 23. Researchers looked at 14 years of data from a US nurses survey that included 69,622
Published 05 Mar, 2012 12:00am
Middle East markets: Aldar lifts Abu Dhabi; most Gulf bourses up

Middle East markets: Aldar lifts Abu Dhabi; most Gulf bourses up

Aldar Properties led Abu Dhabi's bourse to a seven-month high on Sunday after Moody's raised its outlook on the developer to positive and Dubai's bourse extended its rally while other regional markets ended mixed. Shares in Aldar surged 6.8 percent to the
Published 05 Mar, 2012 12:00am
Kenyan rate decision too close to call after inflation slows

Kenyan rate decision too close to call after inflation slows

Kenya's rate decision next week is finely balanced with half the analysts polled by Reuters predicting a cut and half saying the bank will remain cautious despite a fall in inflation in February. Those forecasting rates to stay at 18 percent for a third m
Published 05 Mar, 2012 12:00am
Lawsuit seeks to block Empire State Building IPO

Lawsuit seeks to block Empire State Building IPO

Several investors have sued to block a proposed initial public offering by the owner of the Empire State Building, saying it unfairly undervalues their interests.
Published 05 Mar, 2012 12:00am
EU 'open' to talks on airlines tax, but won't change law

EU 'open' to talks on airlines tax, but won't change law

EU officials said Sunday they will negotiate with international partners angry at what they see as a climate tax on airlines, but refused to change hotly disputed legislation despite fears in Germany.
Published 05 Mar, 2012 12:00am
German banks take under $70 billion cheap ECB cash

German banks take under $70 billion cheap ECB cash

Germany's banks have taken less than 10 percent of the 530 billion euros ($70 billion) of cheap funding provided by the European Central Bank (ECB) this week, a German newspaper reported.
Published 05 Mar, 2012 12:00am
Bangladesh rice production rises over 3 percent in 2011

Bangladesh rice production rises over 3 percent in 2011

Bangladesh produced a record 34.25 million tonnes of rice in 2011, 3.16 percent more than the previous year, helped by favourable weather and continued government support for the farming sector, a senior agriculture official said on Sunday.
Published 05 Mar, 2012 12:00am
Asia fills aviation funding gap amid Europe's woes

Asia fills aviation funding gap amid Europe's woes

Capital-starved airlines worldwide are turning to Asian lenders to fund their ambitious fleet upgrades as the industry's traditional streams of financing in the West dry up, experts say.
Published 05 Mar, 2012 12:00am
Third rescue plan for Greece likely in 2015: Spiegel

Third rescue plan for Greece likely in 2015: Spiegel

Greece might need a third international rescue package worth 50 billion euros ($66 billion) in 2015, the German weekly magazine Spiegel said on Sunday. The troika of creditors - the European Union, the European Central Bank, and the International Monetary
Published 05 Mar, 2012 12:00am
Abbott developing quicker test for orthopedic infections

Abbott developing quicker test for orthopedic infections

Infection poses one of the most serious risks to patients getting a hip or knee replaced, and a major US drugmaker is developing a test to quickly identify the pathogens responsible so doctors can treat problems sooner.
Published 05 Mar, 2012 12:00am
ECB to sit tight on rates this week: analysts

ECB to sit tight on rates this week: analysts

No changes in eurozone interest rates are expected this week as the European Central Bank assesses the impact of recent moves to flood the banks with cash to avert a credit crunch, analysts say.
Published 05 Mar, 2012 12:00am
Enbridge shuts part of key US oil pipeline after fire

Enbridge shuts part of key US oil pipeline after fire

Enbridge Inc shut down a key segment of the main Canada-to-United States oil pipeline for an undetermined period on Saturday after a deadly vehicle accident caused a fire at an Illinois pumping station.
Published 05 Mar, 2012 12:00am
Emirates eyes hedging strategy as fuel costs bite

Emirates eyes hedging strategy as fuel costs bite

Dubai's Emirates airline may revive its hedging program to help guard against soaring fuel costs, which forced it to pay an additional $1 billion in its half year results alone, its chairman said. Sheikh Ahmed bin Saeed al-Maktoum said in an interview tha
Published 05 Mar, 2012 12:00am
India's Kingfisher urges pilots not to strike

India's Kingfisher urges pilots not to strike

The chief executive of India's cash-strapped Kingfisher Airlines has met pilots and urged them not to strike over a delay in paying salaries, the airline said on Sunday. "Sanjay Aggarwal met a group of pilots and appealed to them not to stay away from fly
Published 05 Mar, 2012 12:00am
Arsenal determined to keep Van Persie: Wenger

Arsenal determined to keep Van Persie: Wenger

Arsene Wenger promised to do "everything possible" to keep Robin van Persie at Arsenal after the Netherlands striker struck a double blow to Liverpool's Champions League hopes. Van Persie scored twice - including a brilliant stoppage time winner - as Arse
Published 05 Mar, 2012 12:00am
Ferrer nabs another Acapulco crown

Ferrer nabs another Acapulco crown

Top-seeded Spaniard David Ferrer won his third straight Acapulco ATP title on Saturday - and his third title of 2011 - with a 6-1, 6-2 victory over compatriot Fernando Verdasco. Ferrer, ranked sixth in the world, added the title to the one he captured a w
Published 05 Mar, 2012 12:00am
Fairy tale finish for tenacious Hsieh

Fairy tale finish for tenacious Hsieh

It was a match too far for Petra Martic, who handed Taiwanese qualifier Hsieh Su-wei the BMW Malaysian Open title after retiring in the third set of the final Sunday due to fatigue. The Croatian took the first set 6-2, but Hsieh, who has made it a habit t
Published 05 Mar, 2012 12:00am
Ameobi salvages draw for Newcastle versus Sunderland

Ameobi salvages draw for Newcastle versus Sunderland

Shola Ameobi came to Newcastle's rescue in stoppage time Sunday, salvaging a 1-1 draw against Sunderland in the north-east derby. The substitute levelled after Demba Ba had an 83rd-minute penalty saved by Sunderland goalkeeper Simon Mignolet.
Published 05 Mar, 2012 12:00am
Army athlete wins Punjab Marathon Race

Army athlete wins Punjab Marathon Race

Pakistan Army's athlete Muhammad Abid won 17-kilometer Punjab Festival marathon race covering the distance in 58 minutes and 16 seconds here on Sunday. The second and third positions were also secured by Army athletes - Muhammad Nawaz and Arshad.
Published 05 Mar, 2012 12:00am
Football chief says Brazil World Cup will be 'impeccable'

Football chief says Brazil World Cup will be 'impeccable'

The president of the Brazilian Football Confederation, Ricardo Teixeira, insists the Latin American country will deliver an "impeccable" World Cup in 2014 despite criticism from FIFA that organisational progress is slow. "FIFA concerns with regard to prep
Published 05 Mar, 2012 12:00am
Chief minister Punjab holds meeting with BCB delegation

Chief minister Punjab holds meeting with BCB delegation

Punjab Chief Minister Shahbaz Sharif has said that the people would get an opportunity of enjoying cricket of international standard on the proposed tour of Bangladesh cricket team to Pakistan. He said that the visit of Bangladesh team would further stren
Published 05 Mar, 2012 12:00am
Warner ton as Australia down Sri Lanka

Warner ton as Australia down Sri Lanka

David Warner scored a magnificent 163 as Australia downed a gallant Sri Lanka by 15 runs in the first tri-series one-day international final on Sunday. Warner, whose previous highest ODI score was 74, smashed 13 fours and two sixes in his 157-ball innings
Published 05 Mar, 2012 12:00am
Villas-Boas axed by Chelsea

Villas-Boas axed by Chelsea

Andre Villas-Boas has been sacked by Chelsea after less than a season in charge at Stamford Bridge, the Premier League club announced in a statement on their website on Sunday. Former Chelsea midfielder Roberto Di Matteo, who had been working as Villas-Bo
Published 05 Mar, 2012 12:00am
Milan star Ibrahimovic reveals Arsenal snub

Milan star Ibrahimovic reveals Arsenal snub

AC Milan striker Zlatan Ibrahimovic has revealed he snubbed the chance to join Arsenal because Gunners boss Arsene Wenger wanted him to have a trial period. Ibrahimovic was one of Europe's most highly-rated teenage players when he met Wenger in 2000 to di
Published 05 Mar, 2012 12:00am
Continental sees more growth for world car markets

Continental sees more growth for world car markets

German auto parts and tyre maker Continental AG forecast sales would rise more than 5 percent this year to more than 32 billion euros ($43 billion) as Asian and North American demand offsets a weaker Europe, keeping the global car market growing. Continen
Published 05 Mar, 2012 12:00am
Maersk posts profit plunge

Maersk posts profit plunge

Danish shipping and petroleum group A.P. Moeller-Maersk posted February 27 a sharp drop in 2011 net profit and warned that its transport unit expected a loss this year owing to excess capacity. Net profit last year fell by 43 percent to 15.19 billion kron
Published 05 Mar, 2012 12:00am
Maersk posts profit plunge

Maersk posts profit plunge

Danish shipping and petroleum group A.P. Moeller-Maersk posted February 27 a sharp drop in 2011 net profit and warned that its transport unit expected a loss this year owing to excess capacity. Net profit last year fell by 43 percent to 15.19 billion kron
Published 05 Mar, 2012 12:00am
From binge to hangover, shipping firms bleed

From binge to hangover, shipping firms bleed

Many of the giant cranes that tower over the port of Aarhus, Denmark's second-biggest city, are standing idle these days. They can load a million containers a year, but they are now operating at half capacity as Europe's economic meltdown erodes demand fo
Published 05 Mar, 2012 12:00am
Bayer confident after nearly doubling profits in 2011

Bayer confident after nearly doubling profits in 2011

German pharmaceuticals and chemicals giant Bayer, maker of Aspirin, said Tuesday it was confident for the current year after nearly doubling profits in 2011. Bayer booked net profit of 2.47 billion euros ($3.3 billion) in 2011, an increase of 89.9 percent
Published 05 Mar, 2012 12:00am
Bayer confident after nearly doubling profits in 2011

Bayer confident after nearly doubling profits in 2011

German pharmaceuticals and chemicals giant Bayer, maker of Aspirin, said Tuesday it was confident for the current year after nearly doubling profits in 2011. Bayer booked net profit of 2.47 billion euros ($3.3 billion) in 2011, an increase of 89.9 percent
Published 05 Mar, 2012 12:00am
Dexia's former bank changes name to Belfius

Dexia's former bank changes name to Belfius

The nationalised Belgian banking arm of crippled Franco-Belgian lender Dexia is to be called Belfius, it said on Thursday, as it sought to sever links with its former parent. The unit was sold to the Belgian state for 4 billion euros ($5.35 billion) in Oc
Published 05 Mar, 2012 12:00am
Panasonic appoint new president after big loss

Panasonic appoint new president after big loss

Japanese electronics conglomerate Panasonic Corp named Kazuhiro Tsuga, the head of its loss-making TV business, as its new president as the company heads for a record annual loss. Tsuga, 55, who has been at the company for more than three decades, will re
Published 05 Mar, 2012 12:00am
Investors lack interest in companies doing good

Investors lack interest in companies doing good

US chief executives lamented on Monday a lack of interest from investors in their efforts to do social good and suggested the creation of a social responsibility index of companies that would help educate shareholders on the value of philanthropy.
Published 05 Mar, 2012 12:00am
Globalisation stops short at the corporate suite

Globalisation stops short at the corporate suite

The global war for talent is a popular justification for exorbitant chief executive pay. But with few exceptions, expatriate chiefs are a tiny minority at most major publicly traded corporations. It's bad news for shareholders, especially in high-pay hubs
Published 05 Mar, 2012 12:00am
Nokia eyes China in smartphone comeback push

Nokia eyes China in smartphone comeback push

Mobile phone giant Nokia looked to a launch in China and a cameraphone "revolution" to help it stage a comeback in the fiercely competitive smartphone market after a dismal 2011. On the opening day of Mobile World Congress, where tens of thousands of exec
Published 05 Mar, 2012 12:00am
Google says 850,000 Android devices activated every day

Google says 850,000 Android devices activated every day

Google said on February 27 in Barcelona that 850,000 Android devices - mobile phones and tablet computers - were being activated every day as the software continued to dominate the smartphone market. The US search giant, which created the Android operatin
Published 05 Mar, 2012 12:00am
Apple, Google most admired firms: Fortune

Apple, Google most admired firms: Fortune

Apple topped the list of most admired companies for the fifth year in a row, based on a Fortune magazine survey released on March 1 showing Google as number two and Amazon number three. Google was in second place for the third consecutive year while Amazo
Published 05 Mar, 2012 12:00am
Apple to hold event on 7th, new iPad expected

Apple to hold event on 7th, new iPad expected

Apple sent out invitations on February 28 to a March 7 press event expected to be the unveiling of the next generation of the hot-selling iPad tablet computer. The invitations featured a picture of an iPad and the words: "We have something you really have
Published 05 Mar, 2012 12:00am
Crossover product Padfone set for April release: Asus

Crossover product Padfone set for April release: Asus

The Padfone, a new-style product that is a combination of tablet computer and mobile phone, is to come to market in April, the Taiwanese manufacturer, Asus, announced in Barcelona on February 27. Speaking at the Mobile World Congress, Asus Chief Executive
Published 05 Mar, 2012 12:00am
Brazil has 47.5 million active Internet users

Brazil has 47.5 million active Internet users

The number of active Internet users in Brazil rose two percent in January and more than 11 percent over the past 12 months to reach 47.5 million, IBOPE Nielsen Online reported on February 27.
Published 05 Mar, 2012 12:00am
Universal charger tantalisingly close to all mobile phones

Universal charger tantalisingly close to all mobile phones

Mobile phone users are tantalisingly close to the day when they can power up any phone with the same charger. But industry players gathered at the World Mobile Congress in Barcelona still have some way to go. Three years ago, 17 manufacturers and operator
Published 05 Mar, 2012 12:00am
Running out of mobile battery? Charge up with water

Running out of mobile battery? Charge up with water

It is the nightmare of the wired world - a smartphone low on battery. But Swedish group myFC says their water-powered charger could be the fix even in deepest Amazon, while battery giant Duracell is championing a push for cars and even stadiums to be buil
Published 05 Mar, 2012 12:00am
Nearly half of US adults own smartphone: survey

Nearly half of US adults own smartphone: survey

More American adults now own smartphone than basic mobile phones, according to a survey released on March 1. The Pew Research Centre's Internet and American Life Project survey found that smartphone penetration has increased significantly among nearly eve
Published 05 Mar, 2012 12:00am
Japanese women fond of waterproof phones

Japanese women fond of waterproof phones

Japanese women are so fond of their phones that they even use them in the shower, say manufacturers. This makes waterproofing a must - also good against rainstorms and accidents while texting on the toilet. Panasonic and Fujitsu are touting their waterpro
Published 05 Mar, 2012 12:00am
IBM takes giant step to faster, quantum computers

IBM takes giant step to faster, quantum computers

IBM researchers have taken a leap in computing by using quantum mechanics to harness the power of atoms and molecules, a move likely to lead to vast increases in speed and security of computers and other devices.
Published 05 Mar, 2012 12:00am
Wish for city of the future takes shape at TED

Wish for city of the future takes shape at TED

The innovation group TED has given its coveted annual prize for the first time to an idea - the city of the future. The $100,000 prize money, normally awarded to an individual, will be divided into 10 grants allocated for the top ideas submitted at thecit
Published 05 Mar, 2012 12:00am
Work video calls connect with personal smartphone

Work video calls connect with personal smartphone

Telepresence colossus Polycom is connecting secure workplace video-call systems with hot smartphone to stay in synch with a trend toward people using their own gadgets on the job. Polycom RealPresence Mobile, which will be released in early March, will le
Published 05 Mar, 2012 12:00am
Connected cars to untangle snarled traffic

Connected cars to untangle snarled traffic

A car that dials emergency services itself in case of a crash and warns its driver of traffic snarls ahead: Ford Motor Co's chief believes connected autos will pave the road to the future. As car ownership numbers boom in the great emerging economies, the
Published 05 Mar, 2012 12:00am
Common sleeping pills linked with higher death risk

Common sleeping pills linked with higher death risk

Commonly-prescribed sleeping pills are linked to a more-than fourfold risk of premature death, according to an American study published in the journal BMJ Open on February 28. These medications were also associated at higher doses with a 35-percent increa
Published 05 Mar, 2012 12:00am
Oceans' acidic shift may be fastest in 300 million years

Oceans' acidic shift may be fastest in 300 million years

The world's oceans are turning acidic at what could be the fastest pace of any time in the past 300 million years, even more rapidly than during a monster emission of planet-warming carbon 56 million years ago, scientists said on March 1.
Published 05 Mar, 2012 12:00am
Is chocolate really heart-healthy?

Is chocolate really heart-healthy?

That heart-shaped box of chocolate you got for Valentine's just might have some benefits for your real heart, a new study hints. The study, which combined the results of 42 small clinical trials, found that people fed chocolate or cocoa for a few weeks to
Published 05 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Sunday (March 04, 2012) and the forecast for Monday (March 05, 2012).

Published 05 Mar, 2012 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 27 to March 02, 2012).

Published 05 Mar, 2012 12:00am
LUAWMS, UAF ink MoU for collaborating in agriculture research

LUAWMS, UAF ink MoU for collaborating in agriculture research

Lasbela University of Agriculture Water and Marine Sciences (LUAWMS) Balochistan and the University of Agriculture Faisalabad (UAF) on Saturday inked a Memorandum of Understanding for collaborating in academia and research activities in a bid to flourish
Published 05 Mar, 2012 12:00am
Pakistan Railways to improve tracks countrywide

Pakistan Railways to improve tracks countrywide

Pakistan Railways has completed a project for dualization of track from Lodhran to Khanewal at a cost of Rs 3.298 billion to improve its track infrastructure.
Published 05 Mar, 2012 12:00am
UAF to organise five-day Spring Festival from March 13

UAF to organise five-day Spring Festival from March 13

The University of Agriculture Faisalabad (UAF) will kick off a five-day Spring Festival from March 13, 2012, in which colourful events including Farmer Convention, Agricultural Exhibition, flower show, fancy bird show, horse and cattle show, tent pegging,
Published 05 Mar, 2012 12:00am
'Government attaching great importance to welfare of labourers'

'Government attaching great importance to welfare of labourers'

Punjab Chief Minister Shahbaz Sharif has said that provincial government is attaching great importance to the welfare of the labourers. He said besides implementing relevant laws for the welfare of the workers, best residential, educational and medical fa
Published 05 Mar, 2012 12:00am
Endorsement of appeal to Governor SBP

Endorsement of appeal to Governor SBP

Apropos a letter titled "Delay in SBP officers salary package" carried by Business Recorder on 17th Feb, 2012, while endorsing the appeal of the letter, I feel immense pride that at least one among the silent majority of the officers, has spoken up
Published 05 Mar, 2012 12:00am
Turkish steel industry: Pakistan needs to draw some lessons

Turkish steel industry: Pakistan needs to draw some lessons

Whirling dervishes, the magical city of Istanbul and the Bosporus Straits is what comes readily to mind when we think of Turkey. But straddling Asia and Europe as it does, Turkey has today emerged also as a major industrial power in the world, enjoying a
Published 05 Mar, 2012 12:00am
Problem of plausibility

Problem of plausibility

There was much posturing this week past by the newly transferred Finance Secretary Rana Abdul Wajid while briefing the Senate Standing Committee on Finance that the government will not seek another International Monetary Fund (IMF) loan. The implication,
Published 05 Mar, 2012 12:00am
Senate elections: some lessons

Senate elections: some lessons

All the guessing games whether or not this government would survive to hold the Senate elections came to an end with the successful completion of the exercise on Friday. The results held no surprises except in Punjab where a confident PPP candidate, Aslam
Published 05 Mar, 2012 12:00am
World's best central bank?

World's best central bank?

Arguably, the European Central Bank (ECB) has become world's best central bank. It again played the role of a skilled fire-fighter in the eurozone debt crisis by flooding the banks with nearly 530 billion euros on 29th February, 2012 in one of the cheapes
Published 05 Mar, 2012 12:00am
Death toll from China chemical plant blast hits 25

Death toll from China chemical plant blast hits 25

The death toll from an explosion at a chemical plant in north China last week has risen to 25, state media said Sunday of the latest industrial accident to strike the country.
Published 05 Mar, 2012 12:00am
Tens of thousands of North Koreans rally against South Korea

Tens of thousands of North Koreans rally against South Korea

Tens of thousands of North Korean soldiers and civilians gathered in Pyongyang Sunday to rally against the South Korean government, as vitriol against ongoing joint US-South Korean military manoeuvres continues.
Published 05 Mar, 2012 12:00am
European leaders in pact to shun France's Hollande: media

European leaders in pact to shun France's Hollande: media

Angela Merkel and other European leaders have agreed not to meet France's Socialist presidential candidate Francois Hollande during his election campaign because of his plan to renegotiate their budget discipline treaty, Germany's Spiegel reported.
Published 05 Mar, 2012 12:00am
New flu virus found in bats

New flu virus found in bats

A new strain of influenza A has been found in fruit bats, indicating for the first time that bats, like birds, can be carriers of the virus, though it is not believed risky to humans, US health authorities said February 27.
Published 05 Mar, 2012 12:00am
Air travel may help explain clots in marathoners

Air travel may help explain clots in marathoners

Marathon runners who travel by air to the race may end up with higher blood levels of molecules that have been linked to clots, a new study shows on March 1. That doesn't mean flying is actually likely to trigger a blood clot in endurance athletes, resear
Published 05 Mar, 2012 12:00am
Cancer drugs could halt Ebola virus

Cancer drugs could halt Ebola virus

Some cancer drugs used to treat patients with leukemia may also help stop the Ebola virus and give the body time to control the infection before it turns deadly, US researchers said on February 29.
Published 05 Mar, 2012 12:00am
Coffee drinking not linked to chronic illness

Coffee drinking not linked to chronic illness

Coffee drinkers have no more risk of getting illnesses such as heart disease or cancer, and are less likely to develop type 2 diabetes, according to a German study involving more than 40,000 people over nearly a decade.
Published 05 Mar, 2012 12:00am
Bilawal takes note of kidnappings, killings of Hindus

Bilawal takes note of kidnappings, killings of Hindus

Pakistan People's Party Chairman Bilawal Bhutto Zardari has taken a serious notice of the "kidnappings and killings" of Hindus besides the forced conversion of Hindu girls in Sindh, and sought a detailed report from the Minorities department. Bilawal took
Published 05 Mar, 2012 12:00am
Solangi for making Radio Pakistan financially-viable entity

Solangi for making Radio Pakistan financially-viable entity

Director General of Pakistan Broadcasting Corporation (PBC), Ghulam Murtaza Solangi, has said that the organisation was facing resource constraint and needs assistance for making it a financially viable entity. He was talking to media persons at the Karac
Published 05 Mar, 2012 12:00am
PPP is real democratic entity in country: Qaim

PPP is real democratic entity in country: Qaim

Sindh Chief Minister Syed Qaim Ali Shah welcomed the entry of sons of former provincial minister late Syed Koral Shah into Pakistan People's Party (PPP) at a public meeting in Aarazi town in Sehwan taluka, Jamshoro district on Sunday.
Published 05 Mar, 2012 12:00am
Japanese investors reluctant to join JSEZ due to bad law and order: CG

Japanese investors reluctant to join JSEZ due to bad law and order: CG

"Japanese investors are reluctant, rather scared to pour investments in Pakistan, due to poor law and order and bad infra-structure in Pakistan on the one side and global recession on the other", Masabaru Sato, Consul General of Japan, Karachi told Bus
Published 05 Mar, 2012 12:00am
DHL Global Forwarding plans to expand operations in Pakistan: CEO

DHL Global Forwarding plans to expand operations in Pakistan: CEO

Chief Executive Officer (CEO) of DHL Global Forwarding South Asia, Thomas Tieber sees growth opportunity in Pakistan despite all its challenges. DHL Global Forwarding Pakistan further plans to expand its business in the country.
Published 05 Mar, 2012 12:00am
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