China's Wu Di edged out Taiwan's Wang Yeu-tzuoo to give China a 3-2 win in the Davis Cup Oceania Group 1 relegation playoff in the southern city of Kaohsiung in Taiwan on Sunday. In the first match of the day, Taiwan's Yang Tsung-hua beat China's Zhang Ze

Brisbane Roar will host the A League grand final for a second consecutive year after beating Central Coast Mariners 5-2 on aggregate in the second leg of their major semi-final Sunday. The Roar went into the match as firm favourites after winning the firs

A slow Kensington Oval pitch and three dropped catches helped the West Indies make a solid start against Australia on the opening day of the first Test on Saturday. When rain curtailed the action, the home side were 179 for 3 with the backbone of the scor

Abu Dhabi National Energy (TAQA), a state-owned oil explorer and power supplier, has sold its 7 percent stake in Tesla Motors Inc, cashing out from the US electric carmaker's steady stock rally. TAQA, which is 75-percent owned by the government of Abu Dha

China on Sunday set up a rare earth industry association, state media reported, in a move to speed up consolidation of its sprawling industry that has drawn fire for what overseas trade partners call unfair export quotas.

President Hugo Chavez hiked Venezuela's minimum wage by almost a third on Saturday as the ailing socialist leader aimed to solidify his political base among the poor and win re-election in October.

Iran's official inflation rate has almost doubled over the past year as prices are driven up by budget reforms, a weak currency and international sanctions, according to new data which could add to criticism of President Mahmoud Ahmadinejad.

More than 40,000 employees at AT&T Inc will keep working under the terms of an expired labor contract while their union continues negotiations with the telephone company, averting a potentially costly strike for now.

Rescuers on Saturday were on the cusp of freeing nine miners trapped alive for two days in the tunnel of a southern Peru mine, despite being unable to bring in the heavy equipment they needed. "They are alive but we have refrained from using a backhoe bec

Bangladesh says US energy firm ConocoPhillips is seeking to expand operations in the Bay of Bengal following a UN tribunal border ruling which cleared the way for more offshore oil and gas exploration in the region.

Thomas Cook is close to securing a 1.2 billion pounds ($1.90 billion) lifeline from its lenders to secure the future of the world's oldest travel company which issued three profit warnings last year, the Sunday Times reported. The newspaper said lenders i

Thomas Cook is close to securing a 1.2 billion pounds ($1.90 billion) lifeline from its lenders to secure the future of the world's oldest travel company which issued three profit warnings last year, the Sunday Times reported. The newspaper said lenders i

A flood of easy money courtesy of the European Central Bank made for a calm start to 2012 but a poor Spanish bond sale last week signals it may only have been a lull before the debt storm breaks, analysts warn. The ECB injected roughly one trillion euros

A flood of easy money courtesy of the European Central Bank made for a calm start to 2012 but a poor Spanish bond sale last week signals it may only have been a lull before the debt storm breaks, analysts warn. The ECB injected roughly one trillion euros

Spain, sucked back into the centre of the eurozone debt crisis, is headed towards a financial crunch in 2013 that may force it to seek international help, analysts warn.

Brazil will not further expand taxes to all foreign capital but could step up defensive measures to shield its pharmaceutical and agrochemical industries from foreign competition, Industry Minister Fernando Pimentel said in an interview published on Sunda

The faithful came to Easter Sunday mass in Malawi's capital Lilongwe with Bibles in one hand and newspapers in the other, to read about their new president Joyce Banda and pray for the rebirth of a dying economy.

Bangladesh's exports in March fell 7.23 percent to $1.98 billion from a year earlier as a frail global economy bit its overseas sales, the country's Exports Promotion Bureau said on Sunday. However, business leaders expect the pace of growth to pick up fr

Inter bank buy/sell rates for the taka against the dollar on Sunday. 81.83-81.83 (previous 81.78-81.83).

State Bank of India, the country's top commercial lender, is increasingly confident the central bank, faced with a slowing economy and rising inflation, will this month cut the amount of cash that banks must hold as reserves.

Diminishing prospects for further money printing by the US Federal Reserve just as the Bank of Japan looks ready to run more stimulus may weaken the yen to rates not seen in almost a year, a Reuters poll showed.

The Bank of Japan needs to - and likely will - ease monetary policy further even if the economy recovers, as any pickup in growth will be too small to pull the country out of deflation in the forseeable future, former BOJ Deputy Governor Toshiro Muto said

The Bank of Japan needs to - and likely will - ease monetary policy further even if the economy recovers, as any pickup in growth will be too small to pull the country out of deflation in the forseeable future, former BOJ Deputy Governor Toshiro Muto said

Japanese shares lost ground this week as investors gave up on further stimulus measures in the United States, but there was still hope for a rally after the Easter holiday, analysts said Friday. All eyes are on the Bank of Japan and whether it ushers in f

Since October, estimates for first-quarter earnings growth have tumbled while the S&P 500 has surged. With the earnings season starting next week, the outlook is not as sunny as in previous quarters. Investors will assess whether slower growth is priced i

Siemens may float its light bulb unit Osram on the stock exchange in the European autumn, depending on how the market for light-emitting diodes (LED) develops, the German engineering conglomerate's finance chief told a newspaper. "If the (LED market's) cy

Siemens may float its light bulb unit Osram on the stock exchange in the European autumn, depending on how the market for light-emitting diodes (LED) develops, the German engineering conglomerate's finance chief told a newspaper. "If the (LED market's) cy

Not all initial public offerings are about smart money cashing out. Biotechnology firms exist in a topsy-turvy universe where early financial backers actually buy up large chunks of additional stock when their companies go public. That may sound like a re

The online news portal of Chinese government mouthpiece, the People's Daily, has launched an initial public offering in Shanghai, aiming to raise about 527 million yuan ($83.6 million). People.cn Co Ltd will sell 69.1 million shares through the IPO, it sa

China's short-term borrowing rates climbed on Friday, with the benchmark seven-day repo rate up 25 basis points, as firms prepared to use bank deposits to make annual tax payments, traders said. Cash flows in the Shanghai-based money market were also trim

Investors continued to favour fixed income investments and retreat from equities, data from EPFR Global showed on Friday. US equity funds showed a third consecutive week of redemptions, with investors pulling $297 million from domestic stock funds, accord

Investors continued to favour fixed income investments and retreat from equities, data from EPFR Global showed on Friday. US equity funds showed a third consecutive week of redemptions, with investors pulling $297 million from domestic stock funds, accord

World stock markets look poised to fall early next week and safe-haven government debt prices could rally after US employment figures fell short of expectations on Friday. US stock futures fell more than 1 percent and Treasuries prices rallied after US pa

Libya will not send Saif al-Islam Gaddafi, the most prominent son of the country's former leader, to the International Criminal Court (ICC) in The Hague, but will put him on trial in his own country, Justice Minister Ali Ashour said on Sunday.

The foreign ministers of China, Japan and South Korea met Sunday in the Chinese city of Ningbo for talks on regional security and co-operation days ahead of a planned North Korean rocket launch. Chinese Foreign Minister Yang Jiechi, Japan's Koichiro Gemba

Japan has deployed missile batteries in central Tokyo and dispatched destroyers as North Korea makes final preparations for a rocket launch that could take place this week despite global condemnation.

The United States and its allies are pressing for an end to Iran's high-level uranium enrichment and the closure of a facility built deep under a mountain as talks on Tehran's nuclear stand-off with the West resume this week In Istanbul.

Republican candidate Newt Gingrich conceded on Sunday that front-runner Mitt Romney is most likely to win their party's presidential nomination, but said he will remain in the race, partly to help the party build a solidly conservative platform ahead of t

The intelligence chief of Egypt's deposed leader Hosni Mubarak formally joined the race for the presidency on Sunday, a last-minute entrance that raises the heat in a contest pitting former regime figures against newly-assertive Islamists.

At least 27 people were killed in a major road accident in Haiti when a truck carrying people overturned on a highway south of Haiti's capital, hospital officials said.

Mali's President Amadou Toumani Toure, who was toppled by a military coup last month, has formally resigned from his post, the international mediator in the crisis announced Sunday. "We have just received his letter of resignation," Burkinabe Foreign Mini

A British government website was disrupted on Sunday by an attack thought to be by activist hacker group Anonymous, whose previous high-profile targets have included the Vatican. The website of Britain's Home Office, or interior ministry, (homeoffice.gov.

The most senior member of Iraqi dictator Saddam Hussein's entourage still at large has criticized the present government and urged former Iraqi Baathists to reorganise their resistance to it, according to a video broadcast on Baathist websites.

A car bombing near a church in northern Nigeria as services were being held on Easter Sunday killed at least 20 people, wounded 30 others and put the country on alert over fears of further attacks.

A stinking garbage container shifted during the recent domestic T-20 tournament has again been placed in front of Rawalpindi Cricket Stadium (RCS), thanks to traditional apathy of Solid Waste Management authorities. The residents demanded the allocation o

Political Agent of Khyber Agency Mutahir Zaib Khan has said that strict action would be taken against all those parents and guardians who are refusing to enroll their children in schools.

Pakistani students like Arfa Karim and Sitara are among world's most intelligent people, Malik Saiful Malook Khokhar, a PML-N MPA, said on Sunday. Addressing a prize distribution ceremony at the Tech Educational Welfare Centre in Lahore, he said that if s

Around 6000 Sikh Yatrees will start arriving Gurudwara, Punja Saab here from April 10 through special trains to celebrate their 313th Baisakhi festival. The arrangements for the festival have been finalised by Evacuee Property Trust Board (EPTB) including

Over 150 stalls of women entrepreneurs attracted a large number of visitors here Sunday at the concluding day of 2-day Women Expo 2012 titled "Women in creative industry". The expo focussed on young women entrepreneurship to promote and popularize their p

Chairman Tehreek-e-Insaf, Imran Khan has said that people of the country have never faced such difficulties as they are facing today and on the other hand the rulers are enjoying power. Addressing a large public gathering here on Sunday, he prayed for saf

The outgoing week ended by and large with relief as commodities prices ruled low despite short spell of pressure due to Easter holiday. In Pakistan going was an exception caused by violence and law and order situation. However Jodia Bazar was quiet influe

The number of thalassaemia patients in Fatimid Foundation, Peshawar centre has crossed the number of 5,000 and the over-crowding is multiplying the difficulties of the patients.

UNICEF in collaboration with Pakistan Village Development Programme (PVDP) has launched rehabilitation project for the psychological treatment traumatised children of the militancy affected Kurram Agency.

Met Office has predicted rain/dust-thunderstorm in upper parts of the country from Monday night to Wednesday. In a special weather advisory, Met Office said a fresh westerly wave is likely to grip upper parts of the country on Monday evening/night. Under

Government should pay proper attention to exploit treasure buried in Thar to contain energy crisis, cut oil import bill, provide jobs and boost economy, FPCCI said on Sunday.

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the Punjab government is taking solid steps for promotion of healthy activities in the province. He said that they were moving forward speedily for filling the void existing for the last many dec

Pakistan Water and Power Development Authority (Wapda) will save about Rs 84 million in procurement of electro-mechanical equipment for the 106MW Golen Gol Hydropower project by awarding the contract to the lowest technical responsive bidder.

Mother of an industrialist Ahsan Saeed Mian and mother-in-law of industrialists Mian Faheem Qamar and Malik Khalid Ikram died here on Saturday night. Qul and prayers will be held after Asar prayers at 8 D Model Town on Monday.

A woman was admitted to the Nishtar Hospital in a critical condition on Sunday after she tried to set herself on fire after a domestic dispute. Doctors said that 70 per cent of Nazia Bibi's body was covered in severe burn wounds.

Opposing the Economic Co-ordination Committee's (ECC) decision to revise fuel prices on a fortnightly basis, President of the Multan Chamber of Commerce and Industry (MCCI) on Sunday urged the government to implement policy of quarterly review of petroleu

Helicopter gunships attacked hideouts on Sunday in a tribal area near the border with Afghanistan on Sunday, killing 14 suspected militants, military sources said.

Policemen are reported to have killed a businessman on Sunday after allegedly snatching Rs70,000 and a cell phone from his possession. Leaders of the Pashtunkhwa Milli Awami Party, Awami National party and office-bearers of the Anjuman-e-Tajiran Balochist

Managing Director Overseas Employment Corporation (OEC) Saeed Ahmed Shaikh has said that the Health Ministry of Saudi Arabia will send a delegation to recruit Pakistani medical doctors and paramedics in the current month.

Senior Advisor to Chief Minister Punjab, Senator Sardar Zulfiqar Ali Khan Khosa left for Iran. The purpose of the visit is to promote bilateral social and economic relations between the Punjab province and Iran so that the investors of Iran could be appri

Pakistan People's Party, Senator Ahmad Hassan Khan said on Sunday that the visit of President Zardari to India will help enhance trade, business and diplomatic ties between the two countries and will bring people closer.

Punjab government's spokesman Senator Pervaiz Rashid has said that transparency and merit were ensured in the purchase and distribution of laptops in accordance with the policy of Punjab government. He said that laptops are being given to the students in

The city was paralysed on Sunday after industrialists, textile exporters and traders observed a shutter-down strike against massive power outages, hike in the price of petroleum products and what they termed were the government's anti-industrial policies.

A People's Party lawmaker on Sunday called for launching a high-level inquiry into the Punjab government's move to procure 110,000 laptops and what he termed wasting Rs30 billion on the 'sasti roti' programme. Citing a report compiled by the Transparency

President Asif Ali Zardari isn't the only famous visitor. South Asia's top politicians and Bollywood's biggest stars are among the thousands of pilgrims who travel every year to the small Indian town of Ajmer. The destination is a rather simple shrine com

The Islamabad High Court Bar Association (IHCBA) has called for amendment in the Act of Islamabad High Court (IHC) for increasing strength of its judges from existing seven to 17 for early disposal of the cases.

The Islamabad High Court Bar Association (IHCBA) has called for amendment in the Act of Islamabad High Court (IHC) for increasing strength of its judges from existing seven to 17 for early disposal of the cases.

The Capital Development Authority has decided to set up an independent Islamabad Transport Company to provide subsidy for its upcoming bus service, planned to be launched within three months. "The CDA Board has decided setting up of an independent company

The impending visit of President Asif Ali Zardari to the holy shrine at Ajmer does not seem to have excited everyone, as the marriages of two young women, which were stated to be solemnised at the famous shrine Khwaja Moinuddin Chishti, had to be reschedu

The impending visit of President Asif Ali Zardari to the holy shrine at Ajmer does not seem to have excited everyone, as the marriages of two young women, which were stated to be solemnised at the famous shrine Khwaja Moinuddin Chishti, had to be reschedu

Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) has decided to conduct focused study of multinational cigarette manufacturing companies and in-depth research of tobacco sector with the help of Pakis

Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) has decided to conduct focused study of multinational cigarette manufacturing companies and in-depth research of tobacco sector with the help of Pakis

Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) has decided to conduct focused study of multinational cigarette manufacturing companies and in-depth research of tobacco sector with the help of Pakis

Support is building among Afghanistan's regional neighbours for a comprehensive peace process with the Taliban, but Pakistan's backing and access to insurgent leaders are crucial to getting stalled talks on track, a top Afghan diplomat said. Jawed Ludin,

Support is building among Afghanistan's regional neighbours for a comprehensive peace process with the Taliban, but Pakistan's backing and access to insurgent leaders are crucial to getting stalled talks on track, a top Afghan diplomat said. Jawed Ludin,

Israel declared Nobel Prize-winning German author Guenter Grass "persona non grata" on Sunday over a poem in which the former SS soldier described the Jewish state as a threat to world peace.

Israel declared Nobel Prize-winning German author Guenter Grass "persona non grata" on Sunday over a poem in which the former SS soldier described the Jewish state as a threat to world peace.

The Sui Southern Gas Company (SSGC) has cut the supply of gas to industrial, fertiliser and power generation sectors, including KESC, citing a shortage of gas. The SSGC spokesperson on Sunday said that the gas company was receiving 180mmcfd gas less from

The Sui Southern Gas Company (SSGC) has cut the supply of gas to industrial, fertiliser and power generation sectors, including KESC, citing a shortage of gas. The SSGC spokesperson on Sunday said that the gas company was receiving 180mmcfd gas less from

The Sui Southern Gas Company (SSGC) has cut the supply of gas to industrial, fertiliser and power generation sectors, including KESC, citing a shortage of gas. The SSGC spokesperson on Sunday said that the gas company was receiving 180mmcfd gas less from

Syria on Sunday demanded written guarantees insurgents will stop fighting before it pulls back troops under the terms of a UN peace plan, and a rebel leader said the initiative was doomed. "The regime will not implement this plan. This plan will fail," Fr

Syria on Sunday demanded written guarantees insurgents will stop fighting before it pulls back troops under the terms of a UN peace plan, and a rebel leader said the initiative was doomed. "The regime will not implement this plan. This plan will fail," Fr

The finance minister of the German state of Baden-Wuerttemberg is prepared to pay for more data on Germans who may have dodged taxes and stashed money in secret Swiss accounts, he told a newspaper in an interview.

The finance minister of the German state of Baden-Wuerttemberg is prepared to pay for more data on Germans who may have dodged taxes and stashed money in secret Swiss accounts, he told a newspaper in an interview.

The finance minister of the German state of Baden-Wuerttemberg is prepared to pay for more data on Germans who may have dodged taxes and stashed money in secret Swiss accounts, he told a newspaper in an interview.

Mike Wallace, a legendary newsman known for impertinent, hard-nosed interviews on CBS' popular "60 Minutes" television program, has died at age 93, the network announced on Sunday. Wallace, whose 60-year career began in radio, spanned roles from wrestling

Mike Wallace, a legendary newsman known for impertinent, hard-nosed interviews on CBS' popular "60 Minutes" television program, has died at age 93, the network announced on Sunday. Wallace, whose 60-year career began in radio, spanned roles from wrestling

A Pakistan Air Force (PAF) plane carrying 120 foreign tourists and mountaineers, who were stranded in different areas of Gilgit-Baltistan (GB) owing to law and order situation and inclement weather, arrived at Chaklala Airbase here from Gilgit on Sunday.

A Pakistan Air Force (PAF) plane carrying 120 foreign tourists and mountaineers, who were stranded in different areas of Gilgit-Baltistan (GB) owing to law and order situation and inclement weather, arrived at Chaklala Airbase here from Gilgit on Sunday.

Total open interest position at the futures counter during the week increased by Rs 509 million, up 24 percent on week-on-week basis to Rs 2.6 billion. The futures spread, on the other hand, also surged by 70 bps on week-on-week basis to 9.59 percent. The