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Print - 2012-04-01
PML-N for revisiting foreign policy

PML-N for revisiting foreign policy

Pakistan Muslim League-Nawaz Secretary Information Senator Mushahidullah Khan has said that the PPP-led government will have to revisit the country's foreign policy otherwise PML-N will not support the proposed resolution on foreign policy.
Published 01 Apr, 2012 12:00am
Three RPPs likely to file review petitions

Three RPPs likely to file review petitions

Three Rental Power Plants (RPPs) which have been declared illegal by the Supreme Court are expected to file review petitions anytime soon. On Friday, the SC declared rental power contracts non-transparent and directed the authorities to rescind these cont
Published 01 Apr, 2012 12:00am
Three RPPs likely to file review petitions

Three RPPs likely to file review petitions

Three Rental Power Plants (RPPs) which have been declared illegal by the Supreme Court are expected to file review petitions anytime soon. On Friday, the SC declared rental power contracts non-transparent and directed the authorities to rescind these cont
Published 01 Apr, 2012 12:00am
Three RPPs likely to file review petitions

Three RPPs likely to file review petitions

Three Rental Power Plants (RPPs) which have been declared illegal by the Supreme Court are expected to file review petitions anytime soon. On Friday, the SC declared rental power contracts non-transparent and directed the authorities to rescind these cont
Published 01 Apr, 2012 12:00am
5.3 quake jolts northern Pakistan

5.3 quake jolts northern Pakistan

A moderate intensity earthquake of magnitude 5.3 on richter scale hit Pakistan's northern areas on Saturday. The tremors were felt in country's northern parts including capital Swat, Lower Dir, Mansehra, Abbotabad and surrounding areas, met office said. H
Published 01 Apr, 2012 12:00am
5.3 quake jolts northern Pakistan

5.3 quake jolts northern Pakistan

A moderate intensity earthquake of magnitude 5.3 on richter scale hit Pakistan's northern areas on Saturday. The tremors were felt in country's northern parts including capital Swat, Lower Dir, Mansehra, Abbotabad and surrounding areas, met office said. H
Published 01 Apr, 2012 12:00am
Sydney turns off as Earth Hour kicks in

Sydney turns off as Earth Hour kicks in

Australia's Sydney Harbour Bridge and Opera House were plunged into darkness on Saturday for the annual Earth Hour campaign, leading a global effort to raise awareness about climate change. In a twist to this year's Earth Hour, Dutch astronaut Andre Kuipe
Published 01 Apr, 2012 12:00am
Sydney turns off as Earth Hour kicks in

Sydney turns off as Earth Hour kicks in

Australia's Sydney Harbour Bridge and Opera House were plunged into darkness on Saturday for the annual Earth Hour campaign, leading a global effort to raise awareness about climate change. In a twist to this year's Earth Hour, Dutch astronaut Andre Kuipe
Published 01 Apr, 2012 12:00am
LPG price decreased by Rs 18 per kilo

LPG price decreased by Rs 18 per kilo

Liquefied Petroleum Gas LPG price was decreased by Rs 18 per kilo, 11.8kg cylinder by Rs 212 and 45.5kg cylinder by Rs 835 Patron-in- chief All Pakistan LPG Distributors Association (APLDA) Abdul Hadi Khan said Saturday adding LPG international price come
Published 01 Apr, 2012 12:00am
LPG price decreased by Rs 18 per kilo

LPG price decreased by Rs 18 per kilo

Liquefied Petroleum Gas LPG price was decreased by Rs 18 per kilo, 11.8kg cylinder by Rs 212 and 45.5kg cylinder by Rs 835 Patron-in- chief All Pakistan LPG Distributors Association (APLDA) Abdul Hadi Khan said Saturday adding LPG international price come
Published 01 Apr, 2012 12:00am
LPG price decreased by Rs 18 per kilo

LPG price decreased by Rs 18 per kilo

Liquefied Petroleum Gas LPG price was decreased by Rs 18 per kilo, 11.8kg cylinder by Rs 212 and 45.5kg cylinder by Rs 835 Patron-in- chief All Pakistan LPG Distributors Association (APLDA) Abdul Hadi Khan said Saturday adding LPG international price come
Published 01 Apr, 2012 12:00am
Obama calls for higher tax rates for rich Americans

Obama calls for higher tax rates for rich Americans

US President Barack Obama called Saturday for higher tax rates on wealthy Americans, saying the current system of tax breaks for top income earners was unfair. "Today, the wealthiest Americans are paying taxes at one of the lowest rates in 50 years," the
Published 01 Apr, 2012 12:00am
Obama calls for higher tax rates for rich Americans

Obama calls for higher tax rates for rich Americans

US President Barack Obama called Saturday for higher tax rates on wealthy Americans, saying the current system of tax breaks for top income earners was unfair. "Today, the wealthiest Americans are paying taxes at one of the lowest rates in 50 years," the
Published 01 Apr, 2012 12:00am
Obama calls for higher tax rates for rich Americans

Obama calls for higher tax rates for rich Americans

US President Barack Obama called Saturday for higher tax rates on wealthy Americans, saying the current system of tax breaks for top income earners was unfair. "Today, the wealthiest Americans are paying taxes at one of the lowest rates in 50 years," the
Published 01 Apr, 2012 12:00am
Perishable agro-based cargo: BOML seeks extension in facility

Perishable agro-based cargo: BOML seeks extension in facility

Model Customs Collectorate (MCC) Appraisement, Karachi, has informed the Federal Board of Revenue that a company operating Off-Dock Container Freight Station at Karachi has sought extension in the facility for handling and export of perishable agro-based
Published 01 Apr, 2012 12:00am
Perishable agro-based cargo: BOML seeks extension in facility

Perishable agro-based cargo: BOML seeks extension in facility

Model Customs Collectorate (MCC) Appraisement, Karachi, has informed the Federal Board of Revenue that a company operating Off-Dock Container Freight Station at Karachi has sought extension in the facility for handling and export of perishable agro-based
Published 01 Apr, 2012 12:00am
Perishable agro-based cargo: BOML seeks extension in facility

Perishable agro-based cargo: BOML seeks extension in facility

Model Customs Collectorate (MCC) Appraisement, Karachi, has informed the Federal Board of Revenue that a company operating Off-Dock Container Freight Station at Karachi has sought extension in the facility for handling and export of perishable agro-based
Published 01 Apr, 2012 12:00am
American rights body takes first Guantanamo case

American rights body takes first Guantanamo case

An inter-American rights body admitted for review Friday the case of a man held at Guantanamo Bay for over 10 years, the first time it accepted jurisdiction over the US naval base in Cuba. Djamel Ameziane's co-counsel at the Center for Constitutional Righ
Published 01 Apr, 2012 12:00am
American rights body takes first Guantanamo case

American rights body takes first Guantanamo case

An inter-American rights body admitted for review Friday the case of a man held at Guantanamo Bay for over 10 years, the first time it accepted jurisdiction over the US naval base in Cuba. Djamel Ameziane's co-counsel at the Center for Constitutional Righ
Published 01 Apr, 2012 12:00am
PSDP suffers massive cuts

PSDP suffers massive cuts

The government massively slashed development expenditures to reduce its rising unplanned budget deficits, however, each year the gap between the budgeted deficit and the actual has widened. As a consequence, Public Sector Development Programme (PSDP) util
Published 01 Apr, 2012 12:00am
PSDP suffers massive cuts

PSDP suffers massive cuts

The government massively slashed development expenditures to reduce its rising unplanned budget deficits, however, each year the gap between the budgeted deficit and the actual has widened. As a consequence, Public Sector Development Programme (PSDP) util
Published 01 Apr, 2012 12:00am
PSDP suffers massive cuts

PSDP suffers massive cuts

The government massively slashed development expenditures to reduce its rising unplanned budget deficits, however, each year the gap between the budgeted deficit and the actual has widened. As a consequence, Public Sector Development Programme (PSDP) util
Published 01 Apr, 2012 12:00am
Bangladesh teachers arrested over 'blasphemous' drama

Bangladesh teachers arrested over 'blasphemous' drama

Police in Bangladesh said Saturday they had arrested two school teachers on suspicion of staging a drama containing blasphemous remarks about the Prophet Mohammed (PBUH). The school's Muslim headmaster and a female Hindu teacher were detained on Friday as
Published 01 Apr, 2012 12:00am
Bangladesh teachers arrested over 'blasphemous' drama

Bangladesh teachers arrested over 'blasphemous' drama

Police in Bangladesh said Saturday they had arrested two school teachers on suspicion of staging a drama containing blasphemous remarks about the Prophet Mohammed (PBUH). The school's Muslim headmaster and a female Hindu teacher were detained on Friday as
Published 01 Apr, 2012 12:00am
Weekly inflation surges by 9.49 percent

Weekly inflation surges by 9.49 percent

Weekly inflation surged by 9.49 percent on March 29, over the same period of last week on the back of continuous increase in prices of essential commodities- vegetable, fruits, cooking oil ghee and chicken etc. The official figures of weekly inflation, Co
Published 01 Apr, 2012 12:00am
Weekly inflation surges by 9.49 percent

Weekly inflation surges by 9.49 percent

Weekly inflation surged by 9.49 percent on March 29, over the same period of last week on the back of continuous increase in prices of essential commodities- vegetable, fruits, cooking oil ghee and chicken etc. The official figures of weekly inflation, Co
Published 01 Apr, 2012 12:00am
Weekly inflation surges by 9.49 percent

Weekly inflation surges by 9.49 percent

Weekly inflation surged by 9.49 percent on March 29, over the same period of last week on the back of continuous increase in prices of essential commodities- vegetable, fruits, cooking oil ghee and chicken etc. The official figures of weekly inflation, Co
Published 01 Apr, 2012 12:00am
EU wants G20 to boost IMF funds after Eurogroup move

EU wants G20 to boost IMF funds after Eurogroup move

The European Union expects leaders of the world's 20 biggest economies (G20) to agree to contribute more money to the IMF in April after Europe expanded its own bailout capacity, EU officials said on Saturday. The International Monetary Fund is seeking to
Published 01 Apr, 2012 12:00am
Terrorists planning attack on Parliament arrest: Rehman

Terrorists planning attack on Parliament arrest: Rehman

The law enforcement agencies have arrested terrorists who planned to attack Parliament House during the address of President Asif Ali Zardari to a joint session of parliament, said Interior Minister Rehman Malik on Saturday. The security agencies have arr
Published 01 Apr, 2012 12:00am
Afghanistan presses for answers on long-term US military bases

Afghanistan presses for answers on long-term US military bases

Afghanistan wants the United States to clearly spell out what sort of military presence it will leave behind once most of its combat troops leave by the end of 2014, a senior Afghan official said. It is also pressing Washington in talks over future co-ope
Published 01 Apr, 2012 12:00am
LEAs submit report to Chief Justice SHC

LEAs submit report to Chief Justice SHC

The law enforcement agencies on Saturday submitted a report on the fresh wave of violence in Karachi to Chief Justice of Sindh High Court Justice Mushir Alam, sources said. The Chief Justice of Sindh High Court on Saturday morning took a suo motu notice o
Published 01 Apr, 2012 12:00am
LEAs submit report to Chief Justice SHC

LEAs submit report to Chief Justice SHC

The law enforcement agencies on Saturday submitted a report on the fresh wave of violence in Karachi to Chief Justice of Sindh High Court Justice Mushir Alam, sources said. The Chief Justice of Sindh High Court on Saturday morning took a suo motu notice o
Published 01 Apr, 2012 12:00am
Killings in Karachi: complete strike observed

Killings in Karachi: complete strike observed

A complete shutter-down strike was observed here on Saturday on the call of Muttahida Qaumi Movement (MQM) to mourn the killings of its activists and sympathisers. The city wore a deserted look. Karachi and several others cities of Sindh including Hyderab
Published 01 Apr, 2012 12:00am
Killings in Karachi: complete strike observed

Killings in Karachi: complete strike observed

A complete shutter-down strike was observed here on Saturday on the call of Muttahida Qaumi Movement (MQM) to mourn the killings of its activists and sympathisers. The city wore a deserted look. Karachi and several others cities of Sindh including Hyderab
Published 01 Apr, 2012 12:00am
US will help Gulf strengthen defences: Clinton

US will help Gulf strengthen defences: Clinton

The United States will work with Gulf Arab nations to strengthen their shared defences against threats including Iran, US Secretary of State Hillary Clinton said on Saturday. Speculation about Tehran's nuclear ambitions is a source of anxiety among Sunni-
Published 01 Apr, 2012 12:00am
US will help Gulf strengthen defences: Clinton

US will help Gulf strengthen defences: Clinton

The United States will work with Gulf Arab nations to strengthen their shared defences against threats including Iran, US Secretary of State Hillary Clinton said on Saturday. Speculation about Tehran's nuclear ambitions is a source of anxiety among Sunni-
Published 01 Apr, 2012 12:00am
Iranian oil import: China rejects Obama''s sanctions

Iranian oil import: China rejects Obama''s sanctions

China rejected President Barack Obama''s decision to move forward with plans for sanctions on countries buying oil from Iran, saying Saturday that Washington had no right to unilaterally punish other nations. South Korean officials said they will continue
Published 01 Apr, 2012 12:00am
Iranian oil import: China rejects Obama's sanctions

Iranian oil import: China rejects Obama's sanctions

China rejected President Barack Obama's decision to move forward with plans for sanctions on countries buying oil from Iran, saying Saturday that Washington had no right to unilaterally punish other nations. South Korean officials said they will continue
Published 01 Apr, 2012 12:00am
Iranian oil import: China rejects Obama's sanctions

Iranian oil import: China rejects Obama's sanctions

China rejected President Barack Obama's decision to move forward with plans for sanctions on countries buying oil from Iran, saying Saturday that Washington had no right to unilaterally punish other nations. South Korean officials said they will continue
Published 01 Apr, 2012 12:00am
Stand-off over: PCNS recommendations continues

Stand-off over: PCNS recommendations continues

A stand-off between the treasury and opposition members of Parliamentary Committee on National Security (PCNS) over recommendations in relation to Nato supply route and new terms of engagements with United States (US) continued on Saturday, it is learnt.
Published 01 Apr, 2012 12:00am
Stand-off over: PCNS recommendations continues

Stand-off over: PCNS recommendations continues

A stand-off between the treasury and opposition members of Parliamentary Committee on National Security (PCNS) over recommendations in relation to Nato supply route and new terms of engagements with United States (US) continued on Saturday, it is learnt.
Published 01 Apr, 2012 12:00am
Pakistan most viable route

Pakistan most viable route

Pakistan is the most viable route both on land and air for United States to supply military equipment and food items to Nato/ISAF forces stationed in Afghanistan. Nato containers use the N-5 National Highway from Karachi to Torkham and N-25 from Karachi t
Published 01 Apr, 2012 12:00am
Pakistan most viable route

Pakistan most viable route

Pakistan is the most viable route both on land and air for United States to supply military equipment and food items to Nato/ISAF forces stationed in Afghanistan. Nato containers use the N-5 National Highway from Karachi to Torkham and N-25 from Karachi t
Published 01 Apr, 2012 12:00am
FoDP pledges: US ambassador holds talks with EU envoys

FoDP pledges: US ambassador holds talks with EU envoys

US ambassador Cameron Munter held an important meeting with the ambassadors of member countries of the European Union to review the status of pledges which were made at Tokyo Friends of Democratic Pakistan (FoDP) conference, held in April 2009.
Published 01 Apr, 2012 12:00am
FoDP pledges: US ambassador holds talks with EU envoys

FoDP pledges: US ambassador holds talks with EU envoys

US ambassador Cameron Munter held an important meeting with the ambassadors of member countries of the European Union to review the status of pledges which were made at Tokyo Friends of Democratic Pakistan (FoDP) conference, held in April 2009.
Published 01 Apr, 2012 12:00am
BoP scam: meeting on plea bargain offer remains inconclusive

BoP scam: meeting on plea bargain offer remains inconclusive

A meeting of National Accountability Bureau''s legal team and consultants with the counsel for Haris Steel Mills for a plea bargain offer in the Bank of Punjab multi-billion scam case remained inconclusive. Ahmed Awais, the counsel for the owner of Haris
Published 01 Apr, 2012 12:00am
BoP scam: meeting on plea bargain offer remains inconclusive

BoP scam: meeting on plea bargain offer remains inconclusive

A meeting of National Accountability Bureau's legal team and consultants with the counsel for Haris Steel Mills for a plea bargain offer in the Bank of Punjab multi-billion scam case remained inconclusive. Ahmed Awais, the counsel for the owner of Haris S
Published 01 Apr, 2012 12:00am
BoP scam: meeting on plea bargain offer remains inconclusive

BoP scam: meeting on plea bargain offer remains inconclusive

A meeting of National Accountability Bureau's legal team and consultants with the counsel for Haris Steel Mills for a plea bargain offer in the Bank of Punjab multi-billion scam case remained inconclusive. Ahmed Awais, the counsel for the owner of Haris S
Published 01 Apr, 2012 12:00am
Haqqani, Yaseen asked to appear before commission on April 5

Haqqani, Yaseen asked to appear before commission on April 5

The judicial commission investigating Memogate scandal Saturday summoned former US Ambassador Hussain Haqqani and Chairman Jammu and Kashmir Liberation Front (JKLF) Yaseen Malik to appear before it on April 05. Yaseen Malik has been called for cross-exami
Published 01 Apr, 2012 12:00am
Haqqani, Yaseen asked to appear before commission on April 5

Haqqani, Yaseen asked to appear before commission on April 5

The judicial commission investigating Memogate scandal Saturday summoned former US Ambassador Hussain Haqqani and Chairman Jammu and Kashmir Liberation Front (JKLF) Yaseen Malik to appear before it on April 05. Yaseen Malik has been called for cross-exami
Published 01 Apr, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (March 31, 2012) and the forecast for Sunday (April 01, 2012).

Published 01 Apr, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (March 31, 2012).

Published 01 Apr, 2012 12:00am
Argentinean soya exports seen fuelled

Argentinean soya exports seen fuelled

Chinese demand for Argentine soya-based animal feed will stay strong as the Asian country's budding love affair with beef steak triumphs over its own slowing economy, an Argentine official said on Friday. Argentina is the world's No 1 exporter of soyameal
Published 01 Apr, 2012 12:00am
No activity seen on city markets, cotton prices remain unchanged

No activity seen on city markets, cotton prices remain unchanged

No trading activity was witnessed on the city markets including cotton market on Saturday, today was the second inactive session in a week, dealers said on phone. Official spot rate by the Karachi Cotton Association (KCA) was unchanged at Rs 5300, they ad
Published 01 Apr, 2012 12:00am
US wheat futures rally on report

US wheat futures rally on report

US wheat futures rallied on Friday, with the benchmark Chicago Board of Trade May soft red winter contract rising 7.8 percent, due to bullish supply and planting reports from the US Agriculture Department, traders said. The rally pushed CBOT May wheat thr
Published 01 Apr, 2012 12:00am
US Midwest corn, soya bids hold in thin trading

US Midwest corn, soya bids hold in thin trading

Spot basis bids for corn and soyabeans were steady to narrowly mixed around the US Midwest on Friday as futures soared, spurring light farmer sales of each commodity, dealers said. Trading of both crops was relatively thin even as corn futures rose by the
Published 01 Apr, 2012 12:00am
Brazil commodity exporters under friendly-fire in 'currency war'

Brazil commodity exporters under friendly-fire in 'currency war'

In its latest bid to slow dollar inflows in a "global currency war," Brazil has dealt an unexpected blow to its own commodity exporters, choking off medium-term trade financing at a vulnerable time for the sector. Brazil - a source of much of the world's
Published 01 Apr, 2012 12:00am
EU wheat futures rise on USDA report

EU wheat futures rise on USDA report

European wheat futures rose more than 2 percent on Friday after the US Department of Agriculture reported estimates of stocks and planting areas that came below expectations. By 1600 GMT Paris-based milling wheat futures May was 2.53 percent higher at 212
Published 01 Apr, 2012 12:00am
US corn futures jump 6.6 percent high

US corn futures jump 6.6 percent high

Chicago Board of Trade corn futures surged on Friday, with old-crop contracts posting a limit-up move due to a US Agriculture Department report that showed domestic supplies were tighter than expected. New-crop corn contracts also rose, but their gains we
Published 01 Apr, 2012 12:00am
FOB Gulf grain premiums ease

FOB Gulf grain premiums ease

US corn and soyabean export premiums at the Gulf Coast were lower on Friday, weighed down by a weaker CIF barge basis and a sharp spike in futures that kept potential importers on the sidelines, traders said. Wheat export premiums at the US Gulf were most
Published 01 Apr, 2012 12:00am
No business on grain market

No business on grain market

No activity was seen on the wholesale grain and oilseeds market on Saturday as all most all traders kept themselves inside the houses to mourn the deaths of political workers.
Published 01 Apr, 2012 12:00am
Coceral sees two percent fall in 2012

Coceral sees two percent fall in 2012

Soft wheat production in the European Union is expected to fall by about 2 percent this year to 126.76 million tonnes, EU grain lobby Coceral said on Friday in its first forecast for this year's harvest. Maize and oilseed output in the 27-nation bloc is a
Published 01 Apr, 2012 12:00am
Canadian canola futures soar high on soya rally

Canadian canola futures soar high on soya rally

Canadian canola futures jumped more than 3 percent on Friday to the highest level since July 2008, supported by a soyabean futures rally triggered by a surprisingly low soya seeding forecast by the US government, traders said. The US Department of Agricul
Published 01 Apr, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 119,715 tonnes of cargo including 80,356 tonnes of import, 39,359 tonnes of export cargo and 6,236 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Saturday. The total impor
Published 01 Apr, 2012 12:00am
US, EU blast Argentina's trade restrictions at WTO

US, EU blast Argentina's trade restrictions at WTO

Argentina came under a barrage of criticism at the World Trade Organisation on Friday, where the United States, European Union, Japan and 10 other countries accused it of tying up imports in red tape. Argentina's center-left government has imposed a raft
Published 01 Apr, 2012 12:00am
State regulator closes Michigan bank

State regulator closes Michigan bank

A state regulator on Friday closed one bank in Michigan, bringing the total number of bank failures this year to 16. The Federal Deposit Insurance Corporation, which was appointed receiver, said Fidelity Bank of Dearborn, Michigan, was closed on Friday. T
Published 01 Apr, 2012 12:00am
Greece on track to weather debt crisis: Merkel

Greece on track to weather debt crisis: Merkel

Greece has a chance to weather its crisis after the eurozone and private creditors agreed to restructure its debt, but has "a long way to go," German Chancellor Angela Merkel told a Czech daily Saturday. "Greece has a chance now it still has a long way to
Published 01 Apr, 2012 12:00am
Uruguay wants to barter rice for oil with Iran

Uruguay wants to barter rice for oil with Iran

Uruguay will ask Iran if the South American country can export rice in exchange for oil, the government said on Friday. Iran used to be a major destination for Uruguayan rice but the impact of US and EU sanctions, aimed at curbing Tehran's nuclear ambitio
Published 01 Apr, 2012 12:00am
Myanmar launches new currency system

Myanmar launches new currency system

Myanmar will launch a new currency regime on Monday that will bring in a managed float of the kyat, a senior banker said, outlining the boldest economic reform yet as a civilian government opens up the country after years of isolation. The Central Bank of
Published 01 Apr, 2012 12:00am
Irish marchers protest against new property tax

Irish marchers protest against new property tax

Some 5,000 people marched through the Irish capital on Saturday protesting against a new 100-euro household tax the government is struggling to collect - one of the first signs of resistance to Dublin's austerity drive. Carrying anti-austerity placards, t
Published 01 Apr, 2012 12:00am
German wage deal agreed, averts public-sector strike

German wage deal agreed, averts public-sector strike

Two million German public-sector workers will get a pay rise of 6.3 percent over a 24-month period, according to a government official leading the talks, ending a labour dispute that has disrupted services across Germany. The deal ends the threat of a bro
Published 01 Apr, 2012 12:00am
Europe attracts money funds, but France on short leash

Europe attracts money funds, but France on short leash

The top 10 US money market fund managers put money to work in short-term French and German government agency debt in February, part of a bigger move into core Europe that is likely to endure in coming months, say investors and analysts. Germany saw an inf
Published 01 Apr, 2012 12:00am
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