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Print - 2012-05-21
Saudi beheads two Pakistanis over murders

Saudi beheads two Pakistanis over murders

Saudi authorities on Sunday beheaded two Pakistanis in the holy city of Makkah after finding them guilty of two murders, the interior ministry said. Bashir Afridi and Rahmulwahab Abdullah, both of them Pakistanis, murdered and robbed Mohammed Haji, a fell
Published 21 May, 2012 12:00am
Firdous calls on Iranian President

Firdous calls on Iranian President

Federal Minister for National Regulations and Services Dr Firdous Ashiq Awan along with religious scholar Khanam Tayyaba Bokhari called on Iranian President Mahmud Ahmedinajad. The Iranian President discussed wide range of issues at length with the minist
Published 21 May, 2012 12:00am
Murder of Salman Azam

Murder of Salman Azam

The cold-blooded murder of member of ABAD Salman Azam of Keshodia Builders and Developers has created a panic among the builders' community and it is becoming very difficult for them to continue their work under these horrific conditions where the very li
Published 21 May, 2012 12:00am
World comes to Obama, but political boost unlikely

World comes to Obama, but political boost unlikely

The United States' third largest city has put on its best face and President Barack Obama is doing the same as world leaders descend on his hometown of Chicago for a Nato summit. But as Obama hosts a double summit - with the Group of Eight at Camp David a
Published 21 May, 2012 12:00am
Egypt's would-be 'president of the poor' touts past

Egypt's would-be 'president of the poor' touts past

The motorcade of Hamdeen Sabahy, a dark horse in Egypt's presidential race, inched over the bumpy roads of this Egyptian town led by a car booming 1960s nationalist music in homage to his hero, Gamal Abdel Nasser.
Published 21 May, 2012 12:00am
Subtle manipulation?

Subtle manipulation?

The Finance Minister Dr Hafeez Sheikh claimed a 4 percent growth rate for the economy while attending the World Bank/International Monetary Fund (IMF) spring meeting in April while on 26 April during the 91 meeting of the National Accounts Committee (NAC)
Published 21 May, 2012 12:00am
Unnecessary talk of attack on Iran

Unnecessary talk of attack on Iran

Commenting on the Iranian nuclear programme at an Israeli Bar Association meeting the other day, US Ambassador Dan Shapiro said that Washington hoped it will not have to resort to military force "but that doesn't mean that the option is not fully availabl
Published 21 May, 2012 12:00am
A 'few failures'

A 'few failures'

Dr Hafeez Sheikh, the Federal Finance Minister, while speaking at a pre-budget meeting of the National Assembly Standing Committee on Finance conceded 'a few failures' of the government's economic policies notably poor performance of the power sector, ina
Published 21 May, 2012 12:00am
Mirwaiz placed under house arrest in IHK

Mirwaiz placed under house arrest in IHK

The authorities have placed the Chairman of All Parties Hurriyet Conference, Mirwaiz Umar Farooq, under house arrest in occupied Srinagar. Mirwaiz Umar Farooq was schedule to preside over a seminar at the APHC headquarters in occupied Srinagar, today, in
Published 21 May, 2012 12:00am
It's difficult to secure another bailout package from IMF: PEW

It's difficult to secure another bailout package from IMF: PEW

The Pakistan Economy Watch (PEW) on Sunday said it would be difficult for Pakistan to secure another bailout package from the IMF to avoid looming crisis of external payments. Pakistan had good relations with the US in 2008 when it got 7.6 billion dollars
Published 21 May, 2012 12:00am
Power demand-supply gap again surges to 4,500MW level

Power demand-supply gap again surges to 4,500MW level

The shortfall in electricity supply and demand again surged to 4,500-megawatt level on Sunday after hydel power generation dipped to 3,973 MW because of abnormally low water flow in River Indus and the Tarbela reservoir hit dead level, a Spokesman Nationa
Published 21 May, 2012 12:00am
Turkish Prime Minister Erdogan arrives on three-day visit

Turkish Prime Minister Erdogan arrives on three-day visit

Turkish Prime Minister Recep Tayyip Erdogan arrived here on a three-day official visit on Sunday. During his three-day visit to the country, the Turkish Prime Minister will meet Prime Minister Syed Yousuf Raza Gilani and leadership of various political pa
Published 21 May, 2012 12:00am
Qatar Navy Commander due on Wednesday

Qatar Navy Commander due on Wednesday

Commander of Qatar Emiri Naval Forces Staff Brigadier (Sea) Mohammad Nasser Mubarak Al-Mohannadi will arrive here to visit Pakistan Naval Headquarters on May 23. During his visit, the distinguished guest will call on Chief of Naval Admiral Mohammad Asif S
Published 21 May, 2012 12:00am
PPP Gujrat leader joins PML-N

PPP Gujrat leader joins PML-N

A PPP leader from Gujrat, Aurangzeb Butt, called on Punjab Chief Minister Shahbaz Sharif and announced to join the Pakistan Muslim League-Nawaz (PML-N) on Sunday. Expressing complete confidence in Nawaz Sharif's leadership, Aurangzeb Butt said that he had
Published 21 May, 2012 12:00am
Judges should uphold merit without fear: CJP

Judges should uphold merit without fear: CJP

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Sunday said that it was the duty of judges to decide cases on merit in accordance with law and constitution without fear or favour while the lawyers were obliged to provide proper assistance to them.
Published 21 May, 2012 12:00am
Iran hands over 82 Pakistanis

Iran hands over 82 Pakistanis

Iranian Security handed over 82 Pakistani national to Pakistani officials at Taftan border. Levies Force said on Sunday that these Pakistani labourers were living in Iran after expiry of their visa period.
Published 21 May, 2012 12:00am
Three members of a family die of suffocation

Three members of a family die of suffocation

At least three members of a family lost their lives, due to suffocation at Zia Colony in the jurisdiction of Korangi police station. According to police and rescue sources, the tragic incident took place in a house located at Zia colony where three family
Published 21 May, 2012 12:00am
One die, four hurt during operation against encroachment

One die, four hurt during operation against encroachment

One person was killed while 4 others sustained gunshots while resisting an anti-encroachment operation on the mountainous area of Ganjo Takkar near SITE Latifabad here on Sunday. Two bulldozers and a double cabin brought by the anti encroachment team were
Published 21 May, 2012 12:00am
Erdogan's visit: signing of deals with Turkey appears doubtful

Erdogan's visit: signing of deals with Turkey appears doubtful

Signing of nine agreements/ MoUs between Pakistan and Turkey is doubtful during the one-day official visit of Turkish Prime Minister Recep Tayyip Erdogan, as economic ties between the two countries plummeted after the scrapping of contract with Karkey Ren
Published 21 May, 2012 12:00am
Children at risk as 'button' battery use grows

Children at risk as 'button' battery use grows

Children face a growing risk from "button" batteries, according to a US study showing a near doubling of emergency room visits in the past two decades as the objects can cause electrical or chemical burns if swallowed.
Published 21 May, 2012 12:00am
Economists list cheapest ways to save the world

Economists list cheapest ways to save the world

Leading economists have ranked how to best and most cost-effectively invest to solve many of the world's seemingly insurmountable problems, a Danish think-tank said on May 14, calling for a shift in global priorities.
Published 21 May, 2012 12:00am
Common antibiotic boosts death risk: study

Common antibiotic boosts death risk: study

A popular antibiotic used for treating bronchitis, pneumonia, ear infections and sexually transmitted diseases may boost the risk of death, a US study said on May 16.
Published 21 May, 2012 12:00am
Study suggests lower death risk for coffee lovers

Study suggests lower death risk for coffee lovers

Older people who reported drinking a few daily cups of coffee were less likely to die over the subsequent 14 years than were those who abstained from the beverage or rarely drank it, according to a US study of 400,000 people.
Published 21 May, 2012 12:00am
Maternal deaths cut by half: UN

Maternal deaths cut by half: UN

Better care has cut the number of women dying in pregnancy and childbirth by nearly half in the past two decades, but there is still a death every two minutes, according to UN figures released on May 16.
Published 21 May, 2012 12:00am
'One in three adults suffers from high BP'

'One in three adults suffers from high BP'

One in three adults suffers from high blood pressure, a key trigger of heart disease, health experts said on May 16 while underlining the growing number of cases in developing countries.
Published 21 May, 2012 12:00am
WHO warns of high blood pressure, diabetes, obesity

WHO warns of high blood pressure, diabetes, obesity

Health data released on May 16 provided the clearest evidence to date of the spread of chronic diseases like diabetes and heart disease from developed nations to poorer regions such as Africa, as lifestyles and diets there change.
Published 21 May, 2012 12:00am
Don't smile please! It's OMG's candid camera

Don't smile please! It's OMG's candid camera

The technology used to create the popular "Wrath of the Titans" video game will be available to shoppers this summer in a camera that decides itself when to take a shot.
Published 21 May, 2012 12:00am
Drift to mobile a new challenge for Facebook

Drift to mobile a new challenge for Facebook

With Internet users increasingly going mobile, a major challenge for Facebook will be trying to make money from its massive global presence in a more complex mobile space. Facebook, which makes most of its money from advertising, says more than half - 488
Published 21 May, 2012 12:00am
Despite dangers US teens text and drive: poll

Despite dangers US teens text and drive: poll

Virtually all teenagers agree that texting while driving is dangerous but nearly half admit they have done it anyway, according to a new nation-wide survey released on May 14. Three-quarters of teenagers also said in an online poll that texting while driv
Published 21 May, 2012 12:00am
LG unveils new smartphone to revive business

LG unveils new smartphone to revive business

South Korea's LG Electronics on May 17 unveiled a new version of its Optimus smartphone with greater memory and a more powerful battery, in an attempt to catch up with its rivals. The company said the Optimus LTE 2 - which will be released in the domestic
Published 21 May, 2012 12:00am
Japanese firm unveils gesture controlling device

Japanese firm unveils gesture controlling device

Japanese technology titan NEC has unveiled a gadget that allows users to control their TV, mobile phone or tablet computer using a virtual input device. The company said a camera that recognises three-dimensional shapes and their movements will combine wi
Published 21 May, 2012 12:00am
Software piracy costs record $63.4 billion in 2011

Software piracy costs record $63.4 billion in 2011

Software piracy cost the industry a record $63.4 billion globally in 2011 with emerging economies listed as the main culprits, an annual study said on May 15. This was up nearly eight percent from the previous record of dollars 58.8 billion in 2010, the B
Published 21 May, 2012 12:00am
DoCoMo to launch smartphones for elderly

DoCoMo to launch smartphones for elderly

Leading Japanese mobile operator NTT DoCoMo on May 16 unveiled its first smartphone specially designed for elderly users, as the company bids to tap into an ageing consumer population.
Published 21 May, 2012 12:00am
China Mobile in talks with Apple over iPhone

China Mobile in talks with Apple over iPhone

China Mobile, the world's biggest mobile operator by subscribers, said on May 16 the company is in talks with Apple to offer the popular iPhone to its users in the Asian nation.
Published 21 May, 2012 12:00am
Next generation iPhone likely to have bigger screen

Next generation iPhone likely to have bigger screen

Evidence is mounting that the next generation of Apple's iPhone will have a bigger screen than current models, the Wall Street Journal reported on May 16. Apple had ordered screens measuring at least four inches (10.2 cm) diagonally from its Asian supplie
Published 21 May, 2012 12:00am
Above half of South Korea cellphone users on smartphones

Above half of South Korea cellphone users on smartphones

Smartphones now account for more than half of all South Korea's mobile phones following the iPhone's belated debut in the tech-savvy country in late 2009, industry figures showed on May 15. According to the data from the three telecom companies, the numbe
Published 21 May, 2012 12:00am
Mahindra Satyam swings into net profit

Mahindra Satyam swings into net profit

India's software outsourcer Mahindra Satyam on May 17 said it had swung into net profit for the three months to March, from a net loss a year earlier. Satyam posted a net profit of 5.34 billion rupees ($98 million) for the quarter. It had posted a net los
Published 21 May, 2012 12:00am
Mahindra Satyam swings into net profit

Mahindra Satyam swings into net profit

India's software outsourcer Mahindra Satyam on May 17 said it had swung into net profit for the three months to March, from a net loss a year earlier. Satyam posted a net profit of 5.34 billion rupees ($98 million) for the quarter. It had posted a net los
Published 21 May, 2012 12:00am
Jeddah eyed to list as LME port in early 2013: Ambro

Jeddah eyed to list as LME port in early 2013: Ambro

The Saudi Arabian port of Jeddah may list as a delivery point for London Metal Exchange metals as soon as early next year, Steven Spencer of UK-based metals trading company Ambro Limited said on May 15.
Published 21 May, 2012 12:00am
London Islamic bank eyes ME expansion

London Islamic bank eyes ME expansion

Sharia-compliant Bank of London and the Middle East (BLME) is targeting the thousands of rich Gulf residents who have ties to the UK to boost its corporate and private banking business.
Published 21 May, 2012 12:00am
Key dates in the history of Facebook 2004

Key dates in the history of Facebook 2004

Mark Zuckerberg, a 19-year-old Harvard computer whiz, begins working out of his dormitory room on an online network. A month later, he launches "thefacebook" with classmates Chris Hughes, Eduardo Saverin and Dustin Moskovitz.
Published 21 May, 2012 12:00am
Asia should beckon for FSB secretariat

Asia should beckon for FSB secretariat

On the face of it, international financial authorities have become more global since the 2008 financial crisis. The pan-world G20 has taken over from the Western G7 and non-western economies have more say on the Financial Stability Board (FSB) and the Bas
Published 21 May, 2012 12:00am
Benetton to delist end-May after 25 years in Milan

Benetton to delist end-May after 25 years in Milan

Shares in Benetton will be delisted as of May 31, after more than 25 years on the Milan stock market, as the Benetton family takes the Italian retailer private to turn around its struggling business. In January, the family holding Edizione said it would d
Published 21 May, 2012 12:00am
Benetton to delist end-May after 25 years in Milan

Benetton to delist end-May after 25 years in Milan

Shares in Benetton will be delisted as of May 31, after more than 25 years on the Milan stock market, as the Benetton family takes the Italian retailer private to turn around its struggling business. In January, the family holding Edizione said it would d
Published 21 May, 2012 12:00am
J. P Morgan CEO gets crisis marks but war isn't over

J. P Morgan CEO gets crisis marks but war isn't over

Shooting from the hip may have got Jamie Dimon into deep trouble - shooting straight may help to get him out of it. The J.P. Morgan Chase & Co CEO made the crisis over the bank's trading loss of at least $2 billion far worse because he had assured financi
Published 21 May, 2012 12:00am
Thailand, Pakistan enjoy brotherly relations: CG

Thailand, Pakistan enjoy brotherly relations: CG

The Thai Travel and Cultural show organised by Thai Airways International at Park Towers was full of fun with lot of gifts on simple questions and lucky draws including one bumper prize of return ticket (Karachi-Bangkok-Karachi). The show was aimed at pro
Published 21 May, 2012 12:00am
Two shot dead in separate incidents

Two shot dead in separate incidents

At least two persons were killed and three other wounded in separate incidents of violence in the metropolis here on Sunday. According to police and rescue sources, a 60-year-old man, Manzoor alias Fakir son of Siraj, was killed in Gul Goth, Gulshan-e-May
Published 21 May, 2012 12:00am
SCCI underscores need for broadening tax base, reducing tax rate

SCCI underscores need for broadening tax base, reducing tax rate

Sarhad Chamber of Commerce and Industry (SCCI) in its recommendations for Federal Budget 20012-13 has called for broadening of tax base, reducing the tax rate and preventing from passing further burden on the existing tax payers.
Published 21 May, 2012 12:00am
KU notification

KU notification

The Registrar of University of Karachi on Sunday has announced that the schedule of Semester Examinations 2012 has been extended till June whereas the summer vacations will be from June 5 till June 15. The academic calendar of the Evening Programme will r
Published 21 May, 2012 12:00am
Removal of banners ordered

Removal of banners ordered

The Deputy Commissioner Hyderabad Agha Shahnawaz Babar has directed the Administrator Hyderabad Municipal Corporation and Municipal Commissioner HMC to remove all banners, wall chalking, boards etc, regarding "Muhajir Province" with immediate effect.
Published 21 May, 2012 12:00am
Certain items' prices rose due to approaching Ramazan

Certain items' prices rose due to approaching Ramazan

The daily wages earners have been looking for jobs and earning. Things, however, have not been promising. The European Union and China have not been reporting well about economy. Latest is EU bothered about euro. New French leader who has just taken over
Published 21 May, 2012 12:00am
Certain items' prices rose due to approaching Ramazan

Certain items' prices rose due to approaching Ramazan

The daily wages earners have been looking for jobs and earning. Things, however, have not been promising. The European Union and China have not been reporting well about economy. Latest is EU bothered about euro. New French leader who has just taken over
Published 21 May, 2012 12:00am
Bangladesh finds first oil in two gas fields

Bangladesh finds first oil in two gas fields

Bangladesh has struck its first oil, in two gas fields in the north-eastern Sylhet region, the chairman of the state-run Oil, Gas and Mineral Corporation (Petrobangla) said on Sunday.
Published 21 May, 2012 12:00am
Far East buyers beware in London property rush

Far East buyers beware in London property rush

When Hong Kong businessman Mr. He paid a 35,000 pound ($56,000) deposit on a four-bedroom apartment in Britain, he believed it was a 40-minute walk from central London, his lawyer says. In fact it was a 40-minute journey by high-speed train.
Published 21 May, 2012 12:00am
Greece tourism hit by euro crisis

Greece tourism hit by euro crisis

Europeans are avoiding vacations to Greece this summer fearing instability sparked by the debt crisis, industry sources say, inflicting a hard blow to the country's already devastated economy. "From the aftermath of the elections on May 6, we have experie
Published 21 May, 2012 12:00am
Impact on UAE trade of Iran sanctions moderate: IMF

Impact on UAE trade of Iran sanctions moderate: IMF

The recent tightening of international sanctions against Iran are expected to only have a "moderate" impact on the economic growth of major trading partner the United Arab Emirates, the International Monetary Fund said on Sunday.
Published 21 May, 2012 12:00am
Turkey's IMF debt falls to $1.9 billion, Erdogan says

Turkey's IMF debt falls to $1.9 billion, Erdogan says

Turkey's debt to the International Monetary Fund (IMF) has fallen to $1.9 billion and the country will clear the debt by April 2013, Prime Minister Tayyip Erdogan said on Sunday. The amount owed to the IMF stood at $2.9 billion at the end of January, Erdo
Published 21 May, 2012 12:00am
Iran's budget revised higher at $453 billion

Iran's budget revised higher at $453 billion

Iran on Sunday announced an upward revision of its annual budget, as a rise in oil prices appeared to mitigate the impact of international sanctions on its economy. The Islamic republic's Guardians Council approved the budget for Iran's calendar and fisca
Published 21 May, 2012 12:00am
Greeks fearful of euro exit as crisis gathers

Greeks fearful of euro exit as crisis gathers

Greeks fear that if their country is forced out of the eurozone, and much of the speculation is that it will be, then they will face soaring prices with the return to a drachma which must fall sharply. Greece goes into a second election in six weeks on Ju
Published 21 May, 2012 12:00am
UAE ruler cancels debts of defaulting borrowers

UAE ruler cancels debts of defaulting borrowers

Citizens of the oil-rich United Arab Emirates who defaulted on hundreds of thousands of dollars in loans could soon see their debts wiped away. State news agency WAM reported Sunday that the president of the Gulf federation is ordering the settlement of p
Published 21 May, 2012 12:00am
UAE ruler cancels debts of defaulting borrowers

UAE ruler cancels debts of defaulting borrowers

Citizens of the oil-rich United Arab Emirates who defaulted on hundreds of thousands of dollars in loans could soon see their debts wiped away. State news agency WAM reported Sunday that the president of the Gulf federation is ordering the settlement of p
Published 21 May, 2012 12:00am
China to speed up QFII foreign fund approvals

China to speed up QFII foreign fund approvals

China will accelerate approvals of investment quotas for medium- and long-term overseas investment funds under the Qualified Foreign Institutional Investor (QFII) scheme, the country's foreign exchange regulator said on Sunday.
Published 21 May, 2012 12:00am
China to speed up QFII foreign fund approvals

China to speed up QFII foreign fund approvals

China will accelerate approvals of investment quotas for medium- and long-term overseas investment funds under the Qualified Foreign Institutional Investor (QFII) scheme, the country's foreign exchange regulator said on Sunday.
Published 21 May, 2012 12:00am
Putin's economic plan: 'great leap' into the unknown

Putin's economic plan: 'great leap' into the unknown

Newly-inaugurated President Vladimir Putin has set hugely ambitious targets to catapult the Russian economy into the modern era but their realism remains in doubt despite a benign short-term outlook.
Published 21 May, 2012 12:00am
Dutch turn against austerity, eurozone bailouts: poll

Dutch turn against austerity, eurozone bailouts: poll

Dutch voters are turning against austerity measures and euro zone bailouts, issues which are expected to dominate the political debate ahead of a general election on September 12, an opinion poll published on Sunday showed.
Published 21 May, 2012 12:00am
'US banking laws unable to stop JPMorgan loss'

'US banking laws unable to stop JPMorgan loss'

US banking reforms could not have prevented J. P Morgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, US House of Representatives Speaker John Boehner said in an interview aired on Sunday.
Published 21 May, 2012 12:00am
David puts young opponent in place to take Open

David puts young opponent in place to take Open

Malaysia's world number one Nicol David regained the British Open title with an 11-6, 11-6, 11-6 win over the youngest ever finalist Nour El Sherbini on Sunday. It was a startling effort by 16-year-old Egyptian Sherbini, who is still doing grade ten schoo
Published 21 May, 2012 12:00am
Motorcycling: Lorenzo takes lead as Rossi bounces back

Motorcycling: Lorenzo takes lead as Rossi bounces back

Spain's 2010 world champion Jorge Lorenzo won the French MotoGP here on Sunday and took the overall lead in the championship in front of an astonishing crowd of over 80,000 who braved the heavy rain.
Published 21 May, 2012 12:00am
Roddick beaten by Berlocq on return from hip injury

Roddick beaten by Berlocq on return from hip injury

Andy Roddick was beaten in straight sets by Argentina's Carlos Berlocq on Sunday in his opening World Team Cup match on his return from injury.The 29-year-old American, ranked 27th in the world, was playing his first match in two months following a hip in
Published 21 May, 2012 12:00am
Tottenham agony after Chelsea ecstasy

Tottenham agony after Chelsea ecstasy

Chelsea's Champions League victory over Bayern Munich completed a miserable month for Tottenham manager Harry Redknapp, whose team will now be relegated to the Europa League next season. Tottenham managed to secure a top four finish in the Premier League
Published 21 May, 2012 12:00am
Di Matteo 'serious' Chelsea candidate: official

Di Matteo 'serious' Chelsea candidate: official

Chelsea interim manager Roberto Di Matteo is under "serious consideration" to be appointed on a permanent basis following the Blues' Champions League triumph, senior club officials said Sunday.
Published 21 May, 2012 12:00am
Germans finally lose on penalties: British press

Germans finally lose on penalties: British press

The British press on Sunday hailed the heroics of Didier Drogba in helping Chelsea win the Champions League and took pleasure in noting that a German side had "at last" lost on penalties.
Published 21 May, 2012 12:00am
Drogba fires Chelsea to Champions League glory

Drogba fires Chelsea to Champions League glory

Chelsea stunned Bayern Munich to win the Champions League for the first time as Didier Drogba struck the decisive penalty in a shootout at the Allianz Arena following a tension-soaked final which ended 1-1 after extra time on Saturday.
Published 21 May, 2012 12:00am
Federer happy to lose night-owl status

Federer happy to lose night-owl status

Two weeks of late nights and big wins finally caught up with Roger Federer, as the world number two now looks forward to a few days of family time and relaxation after exiting in the semi-final of the Rome Masters. The Swiss father of two won Madrid last
Published 21 May, 2012 12:00am
Spain hoping Xavi will be ready to 'play it again'

Spain hoping Xavi will be ready to 'play it again'

As the player that makes the reigning European and world champions tick, Spain fans are hoping Xavi Hernandez can hold off the effects of fatigue and injury to lead La Roja to more glory in Poland and Ukraine. At 32, the outstanding man in Spain's triumph
Published 21 May, 2012 12:00am
Athletics: Gebrselassie wins Great Manchester Run

Athletics: Gebrselassie wins Great Manchester Run

Ethiopian running star Haile Gebrselassie won the Great Manchester Run on Sunday in the fastest 10 kilometres time of the year. The 39-year-old clocked 27min 39sec to claim his fifth victory on the streets of Manchester and then turned his attention to bo
Published 21 May, 2012 12:00am
'Injured' Rooney fit for Euros: Hodgson

'Injured' Rooney fit for Euros: Hodgson

England striker Wayne Rooney is recovering from a minor injury but will be fully fit for his expected return during the group stages at Euro 2012, manager Roy Hodgson has revealed. Rooney is suspended for England's opening Group D games against France and
Published 21 May, 2012 12:00am
England totter against resurgent West Indies

England totter against resurgent West Indies

England finally bowled out a determined West Indies for 345 and limped to 10 for two in the evening gloom chasing 191 for victory after an absorbing fourth day of the first test at Lord's on Sunday. England captain Andrew Strauss, who scored 122 in the fi
Published 21 May, 2012 12:00am
India's Suzlon seeks more time for foreign bond repayment

India's Suzlon seeks more time for foreign bond repayment

India's Suzlon Energy is seeking up to 45 more days from bondholders to repay foreign currency bonds maturing in June while it works on raising as much as $300 million in loans, the wind turbine maker said on Friday.
Published 21 May, 2012 12:00am
India's Suzlon seeks more time for foreign bond repayment

India's Suzlon seeks more time for foreign bond repayment

India's Suzlon Energy is seeking up to 45 more days from bondholders to repay foreign currency bonds maturing in June while it works on raising as much as $300 million in loans, the wind turbine maker said on Friday.
Published 21 May, 2012 12:00am
Historic Facebook debut falls flat

Historic Facebook debut falls flat

The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook sha
Published 21 May, 2012 12:00am
US bond bulls not ready to call off the charge

US bond bulls not ready to call off the charge

They are the few, the brave, the unloved, and among big investors, their number shrinks by the month. They are the last of the bond bulls, the investors who believe long-term US government bonds will extend a historic run that has already pushed interest
Published 21 May, 2012 12:00am
US bond bulls not ready to call off the charge

US bond bulls not ready to call off the charge

They are the few, the brave, the unloved, and among big investors, their number shrinks by the month. They are the last of the bond bulls, the investors who believe long-term US government bonds will extend a historic run that has already pushed interest
Published 21 May, 2012 12:00am
Fidelity, Value Partners among Felda cornerstones

Fidelity, Value Partners among Felda cornerstones

Fidelity Investments and Hong Kong's Value Partners have agreed to make cornerstone investments in the proposed listing of Malaysia's Felda Global Ventures, a source directly involved in the listing said on Wednesday.
Published 21 May, 2012 12:00am
Fidelity, Value Partners among Felda cornerstones

Fidelity, Value Partners among Felda cornerstones

Fidelity Investments and Hong Kong's Value Partners have agreed to make cornerstone investments in the proposed listing of Malaysia's Felda Global Ventures, a source directly involved in the listing said on Wednesday.
Published 21 May, 2012 12:00am
Indian rupee slump almost over, seen up later in year

Indian rupee slump almost over, seen up later in year

The Indian rupee will hover near record lows against the dollar for the next month or so, but a further significant fall is unlikely following a near 10 percent slide in the currency since February, a Reuters poll shows. Indeed, the currency is expected t
Published 21 May, 2012 12:00am
Investment Corp of Dubai sees no need for bond issue: CEO

Investment Corp of Dubai sees no need for bond issue: CEO

The Investment Corporation of Dubai (ICD), the emirate's sovereign wealth arm, has no current plan to issue a bond this year and will likely pay off a $2 billion loan that is due next year, the fund's CEO told Reuters in an interview on Friday.
Published 21 May, 2012 12:00am
Investment Corp of Dubai sees no need for bond issue: CEO

Investment Corp of Dubai sees no need for bond issue: CEO

The Investment Corporation of Dubai (ICD), the emirate's sovereign wealth arm, has no current plan to issue a bond this year and will likely pay off a $2 billion loan that is due next year, the fund's CEO told Reuters in an interview on Friday.
Published 21 May, 2012 12:00am
IDB plans up to $1 billion sukuk issue in June

IDB plans up to $1 billion sukuk issue in June

Saudi-based Islamic Development Bank (IDB) plans to issue $500 million to $1 billion worth of Islamic bonds or sukuk in June, the bank's chairman Ahmad Mohamed Ali said late on Tuesday. "IDB practice is usually a five-year issue in the amount range betwee
Published 21 May, 2012 12:00am
IDB plans up to $1 billion sukuk issue in June

IDB plans up to $1 billion sukuk issue in June

Saudi-based Islamic Development Bank (IDB) plans to issue $500 million to $1 billion worth of Islamic bonds or sukuk in June, the bank's chairman Ahmad Mohamed Ali said late on Tuesday. "IDB practice is usually a five-year issue in the amount range betwee
Published 21 May, 2012 12:00am
Japanese shares volatile

Japanese shares volatile

Japanese shares could for a rocky ride next week after losing nearly 3.0 percent Friday as ratings downgrades on Greece and Spanish banks spooked investors, piling pressure on the euro, analysts said. In the week to May 18, the benchmark Nikkei 225 index
Published 21 May, 2012 12:00am
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