AIRLINK 159.45 Increased By ▲ 4.49 (2.9%)
BOP 10.06 Increased By ▲ 0.15 (1.51%)
CNERGY 7.85 Increased By ▲ 0.48 (6.51%)
CPHL 83.56 Increased By ▲ 0.65 (0.78%)
FCCL 48.54 Increased By ▲ 0.68 (1.42%)
FFL 15.07 Increased By ▲ 0.39 (2.66%)
FLYNG 49.46 Increased By ▲ 4.50 (10.01%)
HUBC 141.41 Increased By ▲ 3.44 (2.49%)
HUMNL 12.74 Decreased By ▼ -0.13 (-1.01%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.34 Increased By ▲ 0.18 (3.49%)
MLCF 76.36 Increased By ▲ 1.05 (1.39%)
OGDC 213.73 Increased By ▲ 1.06 (0.5%)
PACE 5.33 Increased By ▲ 0.18 (3.5%)
PAEL 46.96 Increased By ▲ 0.83 (1.8%)
PIAHCLA 17.24 Increased By ▲ 0.96 (5.9%)
PIBTL 8.85 Increased By ▲ 0.28 (3.27%)
POWER 15.09 Decreased By ▼ -0.09 (-0.59%)
PPL 173.25 Increased By ▲ 3.34 (1.97%)
PRL 33.82 Increased By ▲ 2.68 (8.61%)
PTC 22.06 Increased By ▲ 2.01 (10.02%)
SEARL 84.13 Increased By ▲ 0.36 (0.43%)
SSGC 36.98 Increased By ▲ 0.91 (2.52%)
SYM 15.51 Increased By ▲ 0.61 (4.09%)
TELE 7.56 Increased By ▲ 0.35 (4.85%)
TPLP 8.56 Increased By ▲ 0.14 (1.66%)
TRG 65.19 Decreased By ▼ -1.01 (-1.53%)
WAVESAPP 9.25 Increased By ▲ 0.30 (3.35%)
WTL 1.28 Increased By ▲ 0.03 (2.4%)
YOUW 3.68 Increased By ▲ 0.08 (2.22%)
AIRLINK 159.45 Increased By ▲ 4.49 (2.9%)
BOP 10.06 Increased By ▲ 0.15 (1.51%)
CNERGY 7.85 Increased By ▲ 0.48 (6.51%)
CPHL 83.56 Increased By ▲ 0.65 (0.78%)
FCCL 48.54 Increased By ▲ 0.68 (1.42%)
FFL 15.07 Increased By ▲ 0.39 (2.66%)
FLYNG 49.46 Increased By ▲ 4.50 (10.01%)
HUBC 141.41 Increased By ▲ 3.44 (2.49%)
HUMNL 12.74 Decreased By ▼ -0.13 (-1.01%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.34 Increased By ▲ 0.18 (3.49%)
MLCF 76.36 Increased By ▲ 1.05 (1.39%)
OGDC 213.73 Increased By ▲ 1.06 (0.5%)
PACE 5.33 Increased By ▲ 0.18 (3.5%)
PAEL 46.96 Increased By ▲ 0.83 (1.8%)
PIAHCLA 17.24 Increased By ▲ 0.96 (5.9%)
PIBTL 8.85 Increased By ▲ 0.28 (3.27%)
POWER 15.09 Decreased By ▼ -0.09 (-0.59%)
PPL 173.25 Increased By ▲ 3.34 (1.97%)
PRL 33.82 Increased By ▲ 2.68 (8.61%)
PTC 22.06 Increased By ▲ 2.01 (10.02%)
SEARL 84.13 Increased By ▲ 0.36 (0.43%)
SSGC 36.98 Increased By ▲ 0.91 (2.52%)
SYM 15.51 Increased By ▲ 0.61 (4.09%)
TELE 7.56 Increased By ▲ 0.35 (4.85%)
TPLP 8.56 Increased By ▲ 0.14 (1.66%)
TRG 65.19 Decreased By ▼ -1.01 (-1.53%)
WAVESAPP 9.25 Increased By ▲ 0.30 (3.35%)
WTL 1.28 Increased By ▲ 0.03 (2.4%)
YOUW 3.68 Increased By ▲ 0.08 (2.22%)
BR100 12,888 Increased By 217.2 (1.71%)
BR30 38,116 Increased By 748.7 (2%)
KSE100 119,962 Increased By 1425.4 (1.2%)
KSE30 36,773 Increased By 479.3 (1.32%)
May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-04-02
Goldman fund to exit company owning sex traffic site

Goldman fund to exit company owning sex traffic site

A private equity fund run by Goldman Sachs Group Inc has agreed to sell its stake in the media company that runs a sex trafficking forum back to company's management, a spokeswoman said on Sunday. GS Capital Partners III on Friday signed a deal to sell it
Published 02 Apr, 2012 12:00am
Germany wants EU financial watchdogs

Germany wants EU financial watchdogs

Germany wants expert watchdogs to oversee public spending by members of the European Union to prevent future Greek-like near-bankrupcy scenarios, Spiegel magazine said in its latest edition out Monday. Finance Minister Wolfgang Schaeuble is suggesting tha
Published 02 Apr, 2012 12:00am
ArcelorMittal gets funding to boost Algeria steel production

ArcelorMittal gets funding to boost Algeria steel production

A subsidiary of steel-giant ArcelorMittal said Sunday it had reached a deal with a leading Algerian bank to increase production capabilities in the country. "The Banque Exterieure d'Algerie (BEA) and the Algerian subsidiary of leading world steel producer
Published 02 Apr, 2012 12:00am
MTN former CEO denies bribes to Iran, South Africa

MTN former CEO denies bribes to Iran, South Africa

The former chief executive of MTN Group denied on Sunday that he authorised bribes to Iranian and South African government officials in return for a cellular licence in Iran.
Published 02 Apr, 2012 12:00am
Argentina may sue banks over Falklands oil

Argentina may sue banks over Falklands oil

Argentina has threatened to sue several international banks for advising firms hunting for oil off the Falkland Islands and writing reports on them, a newspaper said on Sunday. Buenos Aires has warned banks including US giant Goldman Sachs, Credit Suisse
Published 02 Apr, 2012 12:00am
Argentina may sue banks over Falklands oil

Argentina may sue banks over Falklands oil

Argentina has threatened to sue several international banks for advising firms hunting for oil off the Falkland Islands and writing reports on them, a newspaper said on Sunday. Buenos Aires has warned banks including US giant Goldman Sachs, Credit Suisse
Published 02 Apr, 2012 12:00am
Argentina may sue banks over Falklands oil

Argentina may sue banks over Falklands oil

Argentina has threatened to sue several international banks for advising firms hunting for oil off the Falkland Islands and writing reports on them, a newspaper said on Sunday. Buenos Aires has warned banks including US giant Goldman Sachs, Credit Suisse
Published 02 Apr, 2012 12:00am
ATCs to raise safety alarm today

ATCs to raise safety alarm today

All domestic airlines including Pakistan International Airlines and foreign carriers over flying Pakistani air space will have trouble finding someone on the airwaves to guide them through from Monday morning.
Published 02 Apr, 2012 12:00am
ATCs to raise safety alarm today

ATCs to raise safety alarm today

All domestic airlines including Pakistan International Airlines and foreign carriers over flying Pakistani air space will have trouble finding someone on the airwaves to guide them through from Monday morning.
Published 02 Apr, 2012 12:00am
ATCs to raise safety alarm today

ATCs to raise safety alarm today

All domestic airlines including Pakistan International Airlines and foreign carriers over flying Pakistani air space will have trouble finding someone on the airwaves to guide them through from Monday morning.
Published 02 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.
Published 02 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.
Published 02 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.
Published 02 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.
Published 02 Apr, 2012 12:00am
Fugitive Iraq VP leaves for Qatar

Fugitive Iraq VP leaves for Qatar

Iraq's fugitive Sunni Vice President Tareq al-Hashemi, who is accused of running a death squad, left Iraq's autonomous Kurdistan region for Qatar on Sunday, a statement from his office said. It is the first time that Hashemi has announced a departure from
Published 02 Apr, 2012 12:00am
Fugitive Iraq VP leaves for Qatar

Fugitive Iraq VP leaves for Qatar

Iraq's fugitive Sunni Vice President Tareq al-Hashemi, who is accused of running a death squad, left Iraq's autonomous Kurdistan region for Qatar on Sunday, a statement from his office said. It is the first time that Hashemi has announced a departure from
Published 02 Apr, 2012 12:00am
Government plans to borrow over Rs 1 trillion during fourth quarter

Government plans to borrow over Rs 1 trillion during fourth quarter

To meet the rising fiscal deficit, the federal government has planned to borrow over one trillion rupees from banking sector during the fourth quarter (April-June) of the current fiscal year 2011-2012. Sources in banking industry told Business Recorder
Published 02 Apr, 2012 12:00am
Government plans to borrow over Rs 1 trillion during fourth quarter

Government plans to borrow over Rs 1 trillion during fourth quarter

To meet the rising fiscal deficit, the federal government has planned to borrow over one trillion rupees from banking sector during the fourth quarter (April-June) of the current fiscal year 2011-2012. Sources in banking industry told Business Recorder
Published 02 Apr, 2012 12:00am
Government plans to borrow over Rs 1 trillion during fourth quarter

Government plans to borrow over Rs 1 trillion during fourth quarter

To meet the rising fiscal deficit, the federal government has planned to borrow over one trillion rupees from banking sector during the fourth quarter (April-June) of the current fiscal year 2011-2012. Sources in banking industry told Business Recorder
Published 02 Apr, 2012 12:00am
Hike in CNG price rejected

Hike in CNG price rejected

All Pakistan CNG Association, Khyber Pakhtunkhwa Zone has rejected Rs 11.60 per kilogram increase in the price of CNG and attributed it to sheer injustice and vowed to resist such measures of the government.
Published 02 Apr, 2012 12:00am
Peace process: Delhi moot urges Kashmiris' participation

Peace process: Delhi moot urges Kashmiris' participation

A two-day seminar on Pakistan-India Civil Society Review of Strategic Relations has emphasised that people of Kashmir should be made equal stakeholders in the peace process and part of the dialogue process.
Published 02 Apr, 2012 12:00am
Seven die, 13 injured in two road accidents

Seven die, 13 injured in two road accidents

At least seven passengers died and 13 others injured in separate road accidents here on Sunday. According to district police, the first fatal accident occurred on Bannu-Kohat Road when an over speedy Peshawar bound flying coach rammed into tractor at Jata
Published 02 Apr, 2012 12:00am
KP transporters, traders reject hike in POL, CNG prices

KP transporters, traders reject hike in POL, CNG prices

Transporters and Traders of Khyber Pakhtunkhwa have out-rightly rejected the unprecedented hike in PoL products and CNG prices, demanded of the government to immediately withdraw it, saying that the decision would increase inflation and unemployment.
Published 02 Apr, 2012 12:00am
USAID-funded informal schools go operational in Swat

USAID-funded informal schools go operational in Swat

The USAID funded 15 community schools have launched educational activities to educate school children in Swat district. The US relief agency has initiated the project in collaboration with a non-governmental organisation, Peace and Development Organisatio
Published 02 Apr, 2012 12:00am
Shahbaz felicitates APNS office-bearers

Shahbaz felicitates APNS office-bearers

Punjab Chief Minister Shahbaz Sharif while congratulating the newly elected members of Executive Committee of All Pakistan Newspapers Society (APNS) has expressed the hope that the newly elected office-bearers will utilise all their energies for the promo
Published 02 Apr, 2012 12:00am
Workshop on child psychiatry

Workshop on child psychiatry

Special Education and Training Centre (SETC) is organising a workshop on 'Child psychiatry - a whistle stop tour' on Monday to develop awareness about increasing psychological problems among children and adolescents.
Published 02 Apr, 2012 12:00am
Munawar launches JI's membership drive

Munawar launches JI's membership drive

Jamaat-e-Islami chief Syed Munawar Hasan, has said that the US slaves ruling the country were pushing the nation towards mass suicide. He said that the billions of dollars President Zardari had deposited in the Swiss Banks were ill-gotten money made throu
Published 02 Apr, 2012 12:00am
Call to allocate four percent of GDP for education

Call to allocate four percent of GDP for education

Speakers at a Pre-budget consultative seminar on "Education Financing" have called for allocating four percent of total GDP for education in the budget to meet binding international obligations under the millennium development goals.
Published 02 Apr, 2012 12:00am
Japan's grid stations project to help save power: ambassador

Japan's grid stations project to help save power: ambassador

Ambassador of Japan to Pakistan Hiroshi Oe on Sunday said, "National Transmission Lines and Grid Stations Strengthening Project" of Japan worth Rs 30 billion, will help Pakistan save electricity used in about 2 million average households.
Published 02 Apr, 2012 12:00am
Attention being paid to solve labourers' problems: minister

Attention being paid to solve labourers' problems: minister

Provincial Minister for Labour Haji Ehsan-ud-Din Qureshi has said that the Punjab government is giving due importance for providing state of the art health care, latest education and best residential facilities to the labourer community.
Published 02 Apr, 2012 12:00am
ANP's performance quite exceptional: minister

ANP's performance quite exceptional: minister

Khyber Pakhtunkhwa Minister for Information Mian Iftikhar Hussain said that the ANP would get another five-year term on the basis of its performance during the last four years. He was talking to the members of district Nowshera's development committee, wh
Published 02 Apr, 2012 12:00am
World Autism Awareness Day today

World Autism Awareness Day today

World Autism Awareness Day will be observed on April 2 (today) across the world including Pakistan to increase people's awareness about people, especially children, with autism. The day often features educational events for teachers, health care workers a
Published 02 Apr, 2012 12:00am
DCO exempts Sunday bazaars from parking fee

DCO exempts Sunday bazaars from parking fee

District Co-ordination Officer (DCO) Lahore, Noor-ul-Amin Mengal on Sunday paid surprise visits to Shadman, Wahdat Road, Gulshan-e-Ravi and Islampura Sunday Bazaars and announced to exempt all Sunday bazaars of Lahore from parking fee. DCO Lahore expresse
Published 02 Apr, 2012 12:00am
Steel and hydropower sectors: Prime Minister seeks Chinese investment

Steel and hydropower sectors: Prime Minister seeks Chinese investment

Prime Minister Syed Yousuf Raza Gilani on Sunday invited the investment by Chinese financial sector in Pakistan in fields of steel, hydropower and thermal energy. In a meeting with Chairman of China International Capital Corporation (CICC), Li Jiange, the
Published 02 Apr, 2012 12:00am
Pakistan an emerging market for Chinese investment

Pakistan an emerging market for Chinese investment

Pakistan, rich with exciting opportunities, is an emerging market for Chinese investment in diverse sectors. These views were expressed by Vice President Saarc Chamber of Commerce and Industry, Pak chapter Iftikhar Ali Malik, a veteran trade leader and SV
Published 02 Apr, 2012 12:00am
Gilani for joint efforts to achieve $15 billion Pak-China trade target

Gilani for joint efforts to achieve $15 billion Pak-China trade target

Prime Minister Syed Yousuf Raza Gilani on Sunday said Pakistan and China have the potential to further enhancing their trade ties and called for channelising joint efforts to meet the target of $15 billion bilateral trade in next three to four years.
Published 02 Apr, 2012 12:00am
Malik directs police to remove political parties' flags

Malik directs police to remove political parties' flags

Federal Interior Minister Rahman Malik said on Sunday that the police have been directed to remove flags of all the political parties and ensure that no flag hoist at any building in Karachi. The Station House Officer would be responsible for implementing
Published 02 Apr, 2012 12:00am
Girl students urged to devote energies towards acquiring knowledge

Girl students urged to devote energies towards acquiring knowledge

Advisor to CM Punjab, Begum Zakiya Shahnawaz has stressed upon the female students to devote their energies for getting knowledge so that the future of the country could be made bright. She was addressing an annual prize distribution ceremony of Dar-e-Arq
Published 02 Apr, 2012 12:00am
Sweepers treat patients at THQ hospital

Sweepers treat patients at THQ hospital

Paramedics work in place of doctors and sweepers in place of paramedics to treat patients at the tehsil headquarters hospital here due to shortage of staff. An official of the hospital, seeking anonymity, told APP here on Sunday that even life-saving drug
Published 02 Apr, 2012 12:00am
'Special attention being paid to young generation'

'Special attention being paid to young generation'

Senior Advisor to Chief Minister Punjab Senator Sardar Zulfiqar Ali Khan Khosa has said that the Punjab government has paid special attention to the welfare of young generation, which is the future of the country. He stressed upon the male and female stud
Published 02 Apr, 2012 12:00am
PBIT to organise Pak-India trade moot on April 4

PBIT to organise Pak-India trade moot on April 4

With a view to delve deeper into the implications of free trade with India, Punjab Board of Investment and Trade (PBIT) will organise a "Conference on Pakistan-India Trade Potential" on Wednesday (April 4) in Lahore, to be chaired by Chief Minister Punjab
Published 02 Apr, 2012 12:00am
Flour millers raise atta prices

Flour millers raise atta prices

With the increase in POL products' and wheat support prices , flour millers of Multan have increased the price of "atta"by Rs.50 per bag of 20 kgs as Flour Mills Association Punjab have announced an increase of Rs50 in ex-mill price of a 20kg flour bag to
Published 02 Apr, 2012 12:00am
Transporters announce 5-10 percent hike in fares

Transporters announce 5-10 percent hike in fares

Transporters on Sunday announced 5 to 10 percent increase in inter-city transport fares with immediate affect. Chairman All Pakistan Transport Owners Association Azam Khan Niazi while talking to Business Recorder said that fares were being revised
Published 02 Apr, 2012 12:00am
Comprehensive plan for modern education is being implemented: minister

Comprehensive plan for modern education is being implemented: minister

Minister for Education Punjab, Mian Mujtaba Shuja-ur-Rehman has said that the provincial government is implementing a comprehensive programme for providing modern educational facilities to the children and all out co-operation as well as assistance is bri
Published 02 Apr, 2012 12:00am
Myanmar opposition claims by-election win for Suu Kyi

Myanmar opposition claims by-election win for Suu Kyi

Pro-democracy leader Aung San Suu Kyi won a seat in parliament on Sunday, her party said, after a historic by-election that is testing Myanmar's nascent reform credentials and could convince the West to end sanctions.
Published 02 Apr, 2012 12:00am
Approval ratings hit low for British Prime Minister Cameron: poll

Approval ratings hit low for British Prime Minister Cameron: poll

British Prime Minister David Cameron's approval rating hit its lowest level since he took office, a poll showed, after his Conservative party came under fire for an unpopular budget, cosy ties to rich donors and a botched handling of a looming fuel strike
Published 02 Apr, 2012 12:00am
Flood-hit Fiji declares state of emergency

Flood-hit Fiji declares state of emergency

Flood-ravaged Fiji declared a state of emergency Sunday and warned tourists to stay away for the time being, as heavy rain and high winds continued to pound the South Pacific nation. Officials said they could not guarantee visitors' safety in the wake of
Published 02 Apr, 2012 12:00am
Afghanistan names general to run US prison, asserts control

Afghanistan names general to run US prison, asserts control

Afghanistan named a three star general to take over Bagram prison from the US military and with him, final say over which prisoners are released, an issue with the potential to open another rift in relations between Washington and Kabul.
Published 02 Apr, 2012 12:00am
Cruise ship limps into Malaysian port after fire

Cruise ship limps into Malaysian port after fire

A stricken luxury cruise ship with over a thousand people on board arrived at a Malaysian port in Borneo island late on Sunday after spending more than a day in waters prowled by pirates.
Published 02 Apr, 2012 12:00am
Syria's 'friends' try to twist screw on Assad

Syria's 'friends' try to twist screw on Assad

Western and Arab nations stepped up verbal pressure on Syrian President Bashar al-Assad on Sunday, mistrusting his acceptance of a plan to end a year of bloodshed, but stopped short of arming rebels or fully recognising an opposition council.
Published 02 Apr, 2012 12:00am
Mali junta pledges to cede power, rebels advance

Mali junta pledges to cede power, rebels advance

Mali's junta leader promised to reinstate the constitution from Sunday, hours before a deadline set by West African neighbours to start handing over power, and as rebels encircled the ancient trading post of Timbuktu.
Published 02 Apr, 2012 12:00am
Romney predicts victory in Wisconsin primary

Romney predicts victory in Wisconsin primary

Republican presidential candidate Mitt Romney on Saturday predicted a victory in Wisconsin's upcoming primary contest and said he believed it could help put him on a path to clinching the nomination.
Published 02 Apr, 2012 12:00am
Seven troops killed in fresh Yemen attack

Seven troops killed in fresh Yemen attack

Militants killed seven Yemeni soldiers in an attack on their outpost in southern Yemen early on Sunday, the defence ministry said, a day after at least 20 troops were killed in a similar raid by Islamist fighters linked to al Qaeda.
Published 02 Apr, 2012 12:00am
Canada's TSX share index seen closing year up 11 percent

Canada's TSX share index seen closing year up 11 percent

Canadian share prices are expected to march higher in 2012 as resource and financial stocks get a boost from the calming of the European debt crisis and further signs of economic recovery in North America, a Reuters poll of analysts showed on Thursday.
Published 02 Apr, 2012 12:00am
Shanghai shares seen recouping 2011 losses this year

Shanghai shares seen recouping 2011 losses this year

Shanghai's main share index is likely to rise by almost a quarter this year, recouping 2011's losses, as revised earnings growth expectations and looser monetary policy produces the first annual gain in three years, a Reuters poll of market strategists sh
Published 02 Apr, 2012 12:00am
European shares seen extending rally through 2012

European shares seen extending rally through 2012

European stocks are seen extending their new-year rally in 2012 as ultra-loose monetary policy continues to revive investors' demand for equities, although the gains could be limited by brewing worries over China's economy and Spain's debt troubles, a Reu
Published 02 Apr, 2012 12:00am
India's BSE seen up 26 percent this year on rate cuts

India's BSE seen up 26 percent this year on rate cuts

India's main stock index was expected to gain 26 percent this year as interest rate cuts bolster growth, but concerns about the government's finances and its political stability remain prominent risks, a Reuters poll showed.
Published 02 Apr, 2012 12:00am
Eurozone bonds end first quarter on a cautious note

Eurozone bonds end first quarter on a cautious note

Eurozone government bonds ended the first quarter on a cautious note, with investors nervous about fiscal discipline in Spain, growth prospects for the bloc, and reform risks stemming from Greek and French elections in the next three months.
Published 02 Apr, 2012 12:00am
Eurozone bonds end first quarter on a cautious note

Eurozone bonds end first quarter on a cautious note

Eurozone government bonds ended the first quarter on a cautious note, with investors nervous about fiscal discipline in Spain, growth prospects for the bloc, and reform risks stemming from Greek and French elections in the next three months.
Published 02 Apr, 2012 12:00am
US managers hunt for yield in euro zone; dump US bonds

US managers hunt for yield in euro zone; dump US bonds

US money managers showed their strongest demand in more than a year for euro zone debt in March, a sign that concerns about the European crisis may be ebbing. A Reuters poll of 14 US-based fund management companies released on Thursday revealed the firms
Published 02 Apr, 2012 12:00am
US managers hunt for yield in euro zone; dump US bonds

US managers hunt for yield in euro zone; dump US bonds

US money managers showed their strongest demand in more than a year for euro zone debt in March, a sign that concerns about the European crisis may be ebbing. A Reuters poll of 14 US-based fund management companies released on Thursday revealed the firms
Published 02 Apr, 2012 12:00am
Russian stock index seen up in 2012 on oil, reform hopes

Russian stock index seen up in 2012 on oil, reform hopes

Russian share prices this year are expected to extend the rally that has lit up the first quarter as high oil prices and hopes for reform under Vladimir Putin's new presidency encourage investors, a Reuters poll showed on Thursday.
Published 02 Apr, 2012 12:00am
Tokyo stocks muted next week: analysts

Tokyo stocks muted next week: analysts

Tokyo shares will likely trade in a narrow range next week as investors await key economic data including US jobs figures, amid concern over the state of the global economy, analysts said. In the week to March 30, the benchmark Nikkei 225 index at the Tok
Published 02 Apr, 2012 12:00am
Australian share index seen ending year with 16 percent gain

Australian share index seen ending year with 16 percent gain

Australia's leading share index is expected to end the year with a 16 percent gain, with momentum gathering pace in the second half on hopes for a resolution of Europe's debt woes, a US recovery and a soft landing for China, a Reuters poll of market analy
Published 02 Apr, 2012 12:00am
Yen could drop further as carry trade picks up steam

Yen could drop further as carry trade picks up steam

Spiking US bond yields and super-loose Japanese monetary policy are reviving the yen carry trade, which could spell more weakness in the currency after its biggest two-month drop in three years. The yen was last in vogue as a cheap global funding vehicle
Published 02 Apr, 2012 12:00am
Yen could drop further as carry trade picks up steam

Yen could drop further as carry trade picks up steam

Spiking US bond yields and super-loose Japanese monetary policy are reviving the yen carry trade, which could spell more weakness in the currency after its biggest two-month drop in three years. The yen was last in vogue as a cheap global funding vehicle
Published 02 Apr, 2012 12:00am
Swiss central bank to get Deutsche Bank man

Swiss central bank to get Deutsche Bank man

Deutsche Bank's outgoing chief risk officer Hugo Baenziger is the favourite to become the third board member of the Swiss National Bank, Swiss newspaper SonntagsZeitung said on Sunday, without citing any sources. The newspaper said the SNB's supervisory b
Published 02 Apr, 2012 12:00am
South Africa revenue above target, budget deficit lower

South Africa revenue above target, budget deficit lower

South Africa's revenue collection for the just ended 2011/2012 financial year beat targets, leading to a narrower budget deficit and contributing to a more optimistic economic outlook, Finance Minister Pravin Gordhan said on Sunday. The revenue service co
Published 02 Apr, 2012 12:00am
Panasonic to shift mobile handset production abroad: Nikkei

Panasonic to shift mobile handset production abroad: Nikkei

Japanese electronics giant Panasonic Corp is expected to shift all production of its mobile phone handsets abroad as early as this summer as it looks to re-enter overseas markets this fiscal year, the Nikkei daily said on Sunday.
Published 02 Apr, 2012 12:00am
Japan to support US nominee to head World Bank

Japan to support US nominee to head World Bank

Japan will support Jim Yong Kim, the US nominee for the next World Bank head, Japanese Finance Minister Jun Azumi said on Sunday after meeting the candidate who is in Tokyo on his world tour to seek support for the candidacy.
Published 02 Apr, 2012 12:00am
Analysts doubt tapping oil reserves would have much effect

Analysts doubt tapping oil reserves would have much effect

Western countries could tap their strategic oil reserves to try to rein in rising prices, as several are considering, but analysts warn it may have only a limited and temporary effect. French officials disclosed last week that Washington had proposed dipp
Published 02 Apr, 2012 12:00am
China factory output falls for fifth month: HSBC PMI

China factory output falls for fifth month: HSBC PMI

China's factory slowdown worsened in March as output fell for a fifth consecutive month and manufacturers received fewer orders, a private survey showed, building the case for Beijing to take new policy steps to shore up economic growth.
Published 02 Apr, 2012 12:00am
Taiwan petrol price to jump around 10 percent as subsidy ends

Taiwan petrol price to jump around 10 percent as subsidy ends

The Taiwanese government announced Sunday the end of a fuel subsidy that had been in place 16 months, pushing up petrol prices by around 10 percent and drawing condemnation from opposition parties. From Monday, the price of unleaded gasoline will rise at
Published 02 Apr, 2012 12:00am
Mazda to recall more than 62,000 vehicles in China

Mazda to recall more than 62,000 vehicles in China

Mazda Motor and its joint venture partners in China will recall more than 62,000 vehicles from Sunday to fix problems with anti-lock braking systems that could cause false warnings, China's quality regulator said.
Published 02 Apr, 2012 12:00am
Iraq March oil exports hit highest level since 2003

Iraq March oil exports hit highest level since 2003

Iraq's crude oil exports rose to their highest level since 2003 in March, at 2.317 million barrels per day (bpd) from 2.014 million bpd in February thanks to a new offshore export terminal, the State Oil Marketing Organisation said on Sunday.
Published 02 Apr, 2012 12:00am
ASEAN says it must work together with EU to avoid economic woes

ASEAN says it must work together with EU to avoid economic woes

The 10 members of the Association of South-East Asian Nations (ASEAN) remain vulnerable to problems in rich countries, and must work with the European Union to bolster their economies, the group's Secretary General Surin Pitsuwan said Sunday.
Published 02 Apr, 2012 12:00am
Emerging Asia struggles to cut soaring fuel subsidies

Emerging Asia struggles to cut soaring fuel subsidies

Weeks of protests across Indonesia have thwarted a government plan for an immediate fuel price hike, the latest failure of an Asian administration to wean its country off costly subsidies. Emerging nations in Asia such as Indonesia and Malaysia have strug
Published 02 Apr, 2012 12:00am
Europe firewall boost throws spotlight on IMF

Europe firewall boost throws spotlight on IMF

With a decision to expand its anti-crisis "firewall", the eurozone has thrown the ball firmly back into the court of other economic powerhouses who pledged more cash for the IMF if Europe stumped up first. After providing loans to help debt-wracked countr
Published 02 Apr, 2012 12:00am
Banks approve Air India debt restructuring plan

Banks approve Air India debt restructuring plan

A consortium of 19 banks led by the State Bank of India has approved the financial restructuring plan of debt-ridden national airline Air India Ltd, a news report said Sunday.
Published 02 Apr, 2012 12:00am
Asia may dominate global textile economy in 21st century

Asia may dominate global textile economy in 21st century

Ever since the inception of human being, the importance of food and clothing, now called economy, has been the matter of great importance for individual, area and community. God has guaranteed food not to every human being but to all living creatures but
Published 02 Apr, 2012 12:00am
Asia may dominate global textile economy in 21st century

Asia may dominate global textile economy in 21st century

Ever since the inception of human being, the importance of food and clothing, now called economy, has been the matter of great importance for individual, area and community. God has guaranteed food not to every human being but to all living creatures but
Published 02 Apr, 2012 12:00am
KPT chief to inaugurate Port Grand Eco Tours

KPT chief to inaugurate Port Grand Eco Tours

The Chairman KPT Muhammad Aslam Hayat welcomed the launch of new speed boats for the entertainment of citizens of Karachi. He was unveiling the plaque to inaugurate the Eco Tours, a speed boat cruise. While speaking on the occasion Aslam Hayat highlighted
Published 02 Apr, 2012 12:00am
Post-Graduate Programme 2012: KU announces admission schedule

Post-Graduate Programme 2012: KU announces admission schedule

The University of Karachi on Sunday announced admission to its post-graduate programme for the academic year 2012. A University spokesperson said that the admissions would be in M. Phil./Ph.D. and M.S.(Surgery)/M.D. (Medicine) for session 2012.
Published 02 Apr, 2012 12:00am
LUMHS holds 7th international symposium

LUMHS holds 7th international symposium

The 7th LUMHS international symposium under the theme of 'Innovation through Evolution in Medical Science' was held at the university campus from 30th to 31st March, 2012.
Published 02 Apr, 2012 12:00am
19 Afghan nationals detained

19 Afghan nationals detained

Dalbandin Rifles arrested 19 Afghan nationals under Foreign Act in Dalbandin area of the district on Sunday. According to official, these Afghan nationals had entered in the country and wanted to go Iran. They were reported to be without travelling docume
Published 02 Apr, 2012 12:00am
Rising Chinese wages a headache for US firms

Rising Chinese wages a headache for US firms

After decades of US caterwauling about the crippling impact of China's low labour costs on domestic manufacturing, firms state-side now fret about the impact of rising Chinese wages. First came anger, then depression and then acceptance. In the three deca
Published 02 Apr, 2012 12:00am
BlackBerry maker RIM posts major loss

BlackBerry maker RIM posts major loss

BlackBerry maker Research In Motion on March 29 posted a quarterly loss - disappointing first results for the firm's new chief executive, who moved to shake up the struggling company's top ranks.
Published 02 Apr, 2012 12:00am
Previous Day
⇧