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Print - 2012-08-06
Consolidated fiscal deficit going to touch all-time high

Consolidated fiscal deficit going to touch all-time high

The consolidated fiscal deficit is going to touch an all time high for fiscal year just past largely because of election specific spending spree by the federal and provincial governments, it was learnt.
Published 06 Aug, 2012 12:00am
Consolidated fiscal deficit going to touch all-time high

Consolidated fiscal deficit going to touch all-time high

The consolidated fiscal deficit is going to touch an all time high for fiscal year just past largely because of election specific spending spree by the federal and provincial governments, it was learnt.
Published 06 Aug, 2012 12:00am
Malik accuses Afghanistan of backing Fazlullah

Malik accuses Afghanistan of backing Fazlullah

Rehman Malik Interior minister has said elements of the Afghan government are likely supporting a senior Pakistani Taliban leader who is fighting to topple the Islamabad government, accusations which could further raise tensions over cross-border raids by
Published 06 Aug, 2012 12:00am
Malik accuses Afghanistan of backing Fazlullah

Malik accuses Afghanistan of backing Fazlullah

Rehman Malik Interior minister has said elements of the Afghan government are likely supporting a senior Pakistani Taliban leader who is fighting to topple the Islamabad government, accusations which could further raise tensions over cross-border raids by
Published 06 Aug, 2012 12:00am
Balochistan: Islamabad steps up efforts towards resolving issue

Balochistan: Islamabad steps up efforts towards resolving issue

Federal Ministers Syed Naveed Qamar and Farooq H. Naek on Sunday called on Balochistan Governor Nawab Zulfiqar Ali Magsi here at Balochistan House, and discussed Balochistan situation. The meeting also discussed further steps needed to improve law and ord
Published 06 Aug, 2012 12:00am
Balochistan: Islamabad steps up efforts towards resolving issue

Balochistan: Islamabad steps up efforts towards resolving issue

Federal Ministers Syed Naveed Qamar and Farooq H. Naek on Sunday called on Balochistan Governor Nawab Zulfiqar Ali Magsi here at Balochistan House, and discussed Balochistan situation. The meeting also discussed further steps needed to improve law and ord
Published 06 Aug, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Smooth supply of dollar strengthened the rupee versus the greenback during the week ended on August 4, 2012. In the inter bank market the rupee managed to gain 20 paisa in relation to dollar for buying 94.45 and it rose by 19 paisa for selling at 94.49.
Published 06 Aug, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Smooth supply of dollar strengthened the rupee versus the greenback during the week ended on August 4, 2012. In the inter bank market the rupee managed to gain 20 paisa in relation to dollar for buying 94.45 and it rose by 19 paisa for selling at 94.49.
Published 06 Aug, 2012 12:00am
The Weather

The Weather

The weather report on Sunday (August 05, 2012) and the forecast for Monday (August 06, 2012).

Published 06 Aug, 2012 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 30 to August 03, 2012).

Published 06 Aug, 2012 12:00am
National Industrial Parks Development & Management Company

National Industrial Parks Development & Management Company

National Industrial Parks Development & Management Company (NIP) is incorporated under Section 42 of the Companies Ordinance 1984 to foster focused industrial growth by developing world-class industrial parks in the country.
Published 06 Aug, 2012 12:00am
Karachi Tools, Dies and Moulds Centre (KTDMC)

Karachi Tools, Dies and Moulds Centre (KTDMC)

KTDMC was incorporated as a "non-profit" organisation in 2006 under the Government's Public-Private Partnership program and registered under the Companies Ordinance 1984. KTDMC was sponsored by Pakistan Industrial Development Corporation (PIDC), and the p
Published 06 Aug, 2012 12:00am
AHAN - Aik Hunar Aik Nagar

AHAN - Aik Hunar Aik Nagar

Aik Hunar Aik Nagar (AHAN) is operating as a not-for-profit Company since 2007. It is registered under Section 42 of the Companies Ordinance 1984, and is a subsidiary of Pakistan Industrial Development Corporation (PIDC), under administrative control of M
Published 06 Aug, 2012 12:00am
Pakistan Gems and Jewellery Development Company

Pakistan Gems and Jewellery Development Company

Pakistan Gems and Jewellery Development Company (PGJDC) - a subsidiary of Pakistan Industrial Development Corporation (PIDC) has been endeavouring towards the development of the gems and jewellery industry in the country from Mine to Market since its ince
Published 06 Aug, 2012 12:00am
TUSDEC - Upgrading technology and allied skills in the country

TUSDEC - Upgrading technology and allied skills in the country

Schematic assimilation of technology up-gradation and pertinent skill development breakthrough the economic accession of the country. The notion laid down the rudiments of TUSDEC in 2005 and the organisation materialised as a wholly owned subsidiary of Pa
Published 06 Aug, 2012 12:00am
New vision and role of PIDC

New vision and role of PIDC

An Impromptu Comment: Pakistan Industrial Development Corporation (PIDC) is a name synonymous with the industrialisation of Pakistan; it is a name without mention of which no discussion, review or analysis of industrial matrix could find any credib
Published 06 Aug, 2012 12:00am
'PIDC - always standing alongside private sector'

'PIDC - always standing alongside private sector'

Q-1 You have recently been appointed as CEO, PIDC. We believe it is your first appointment in a government controlled enterprise and maiden exposure to Public Sector environment. Indeed you have a bright record in running your own business and your servic
Published 06 Aug, 2012 12:00am
Message from Federal Secretary, Ministry of Production PIDC

Message from Federal Secretary, Ministry of Production PIDC

It is a clear and undeniable truth that Pakistan Industrial Development Corporation (PIDC) is synonym of the industrial growth in Pakistan. This institution had very carefully planned, nursed and firmed up the industrial base of the country. It is solely
Published 06 Aug, 2012 12:00am
Message from Federal Minister for Production, PIDC

Message from Federal Minister for Production, PIDC

Remembering one's achievements not only provides with the feeling of encouragement and elation but it also provides an opportunity to have a look at the deficiencies of the past, taking lesson from them and making the future plans yet more carefully. The
Published 06 Aug, 2012 12:00am
Yet global wheat prices came down

Yet global wheat prices came down

Wheat: Wheat prices in the international markets have been up nearly 30 percent since January 2012, with the major increase witnessed in the month of July. The mid-July rally owed itself to the drought in grain-producing states in Midwest America a
Published 06 Aug, 2012 12:00am
Manufacturing versus service profit

Manufacturing versus service profit

It is remarkable that even after ruling the economic horizon for decades, capitalism still has not concluded the debate between which is better, a manufacturing economy or a service economy. For the supporters of manufacturing, the good news is that in th
Published 06 Aug, 2012 12:00am
Three important dimensions

Three important dimensions

In the context of the case relative to implementation of Supreme Court's decision, directing the government to write to the Swiss authorities to reopen the money-laundering case against the Zardari-Bhutto clan, a media debate is on and in the view of some
Published 06 Aug, 2012 12:00am
Kibor's credibility

Kibor's credibility

There is no dearth of conspiracy theories in Pakistan. Motives could be attached to matters which are totally transparent. In a front page report supposed to be startling, a reputed newspaper (The News) revealed on 1st August 2012 that some of the largest
Published 06 Aug, 2012 12:00am
Response to challenges

Response to challenges

Minister of Interior Rehman Malik's vitriolic attack in the Senate against the Balochistan Liberation Army (BLA) for claiming responsibility for numerous heinous crimes is seen by many as aligning himself firmly with the security forces; and indirectly ag
Published 06 Aug, 2012 12:00am
The situation has the solution

The situation has the solution

Alexander Hamilton, one of the founding fathers of the US, famously wrote the following to maintain the distinction between judicial and political decisions: "the complete independence of the courts of justice is peculiarly essential in a limited const
Published 06 Aug, 2012 12:00am
India's astute move to attract investment

India's astute move to attract investment

India has allowed investment from Pakistan in what is being hailed as a landmark decision to further improve trade ties between the two long-time nuclear rivals. A statement from the Indian Commerce Ministry announced that "the government of India has
Published 06 Aug, 2012 12:00am
Five killed, 11 injured in Quetta blast

Five killed, 11 injured in Quetta blast

Five persons including two women and two children were killed and 11 others were injured in an explosion in a house here Sunday. According to details an explosion occurred in a vehicle parked inside a house owned by Dr Azam Mengal in Killi Faizabad, Saria
Published 06 Aug, 2012 12:00am
Alleged robber killed in an encounter

Alleged robber killed in an encounter

An alleged robber was killed in an encounter with the police on main Super Highway jurisdiction of Sohrab Goth police station. Police said that the encounter took place when, at least, four armed men were trying to flee after robbing the cash, cell phone
Published 06 Aug, 2012 12:00am
10 suspects including three alleged TTP commanders held

10 suspects including three alleged TTP commanders held

Police on Sunday claimed to have arrested 10 suspects, including three alleged TTP commanders during separate raids in city on Sunday. Paposh police arrested a street criminal after brief encounter in Paposh area and arrested two accused namely Hameedulla
Published 06 Aug, 2012 12:00am
Qaim orders steps to curb water theft

Qaim orders steps to curb water theft

Sindh Chief Minister Syed Qaim Ali Shah has directed the officers of Irrigation Department to take steps stop stealing of water with the help of Sindh Police and Rangers and ensure its availability up to the tail end in each district of the province.
Published 06 Aug, 2012 12:00am
37 irrigation department officials transferred despite ban

37 irrigation department officials transferred despite ban

Irrigation department has transferred 37 officers despite the fact that Chief Minister Punjab has imposed a complete ban on all transfers/postings during the flood season 2012, Business Recorder has learnt.
Published 06 Aug, 2012 12:00am
Trampling of democratic values has become a routine: Nawaz

Trampling of democratic values has become a routine: Nawaz

Violation of the Constitution and trampling of democratic values have become almost a daily routine and even after 65 years after the country's independence, ideals of Quaid-i-Azam Muhammad Ali Jinnah remained unrealised, President of Pakistan Muslim Leag
Published 06 Aug, 2012 12:00am
All PCO judges, including CJP, should resign: Abdi

All PCO judges, including CJP, should resign: Abdi

Hurling fiery allegations, Pakistan Peoples Party's (PPP) Senator Faisal Raza Abdi on Sunday demanded of Chief Justice Iftikhar Muhammad Chaudhry and other judges, who were reinstated under the Provisional Constitutional Order (PCO), to tender their resig
Published 06 Aug, 2012 12:00am
Pietersen batted like Lara: Donald

Pietersen batted like Lara: Donald

Former South African fast bowling great Allan Donald compared Kevin Pietersen to West Indian legend Brian Lara after the England batsman hit his team back into the game with a spectacular century on the third day of the second Test at Headingley on Saturd
Published 06 Aug, 2012 12:00am
Abidal targets December return

Abidal targets December return

Barcelona and France left-back Eric Abidal, who is currently recovering from liver transplant surgery in April, has set his sights on a return to action in December, he told Catalan TV3 on Saturday night. "I have started working in the gym and I feel good
Published 06 Aug, 2012 12:00am
Di Matteo wants more from lacklustre Chelsea

Di Matteo wants more from lacklustre Chelsea

Chelsea manager Roberto Di Matteo's pre-season plans might not be living up to his expectations but the frustrated Italian said once all his players return to club duties performances will improve.
Published 06 Aug, 2012 12:00am
Saina beats Dhoni in India's media battle

Saina beats Dhoni in India's media battle

Indian badminton star Saina Nehwal's Olympic bronze medal overshadowed the high-profile cricket team's one-day series win against Sri Lanka in the media on Sunday. The 4-1 success by Mahendra Singh Dhoni's men, which lifted the world champions to number t
Published 06 Aug, 2012 12:00am
China's Lin Dan wins

China's Lin Dan wins

Defending champion Lin Dan became the first men's singles player to win the Olympic title twice as he overcame his great rival Lee Chong Wei 15-21, 21-10, 21-19 in a magnificent final on Sunday. Malaysian top seed Lee, who had almost missed the Games beca
Published 06 Aug, 2012 12:00am
Ethiopia's Gelana wins women's marathon

Ethiopia's Gelana wins women's marathon

Ethiopia's Tiki Gelana won gold in the women's marathon on the streets of London on Sunday, denying the powerful Kenyans their first Olympic crown in a Games record time of 2hr 23min 7sec. Priscah Jeptoo, part of a Kenyan contingent eyeing a medals sweep
Published 06 Aug, 2012 12:00am
Del Potro beats Djokovic to take bronze

Del Potro beats Djokovic to take bronze

Argentina's Juan Martin del Potro won the Olympic bronze medal in the men's singles on Sunday after a 7-5, 6-4 win over world number two Novak Djokovic at Wimbledon. Del Potro had left Centre Court in tears after losing to Roger Federer in the longest thr
Published 06 Aug, 2012 12:00am
Williams sisters win historic fourth gold medals

Williams sisters win historic fourth gold medals

Venus and Serena Williams became the first tennis players to win four Olympic golds on Sunday after a 6-4, 6-4 victory over Czech pair Andrea Hlavackova and Lucie Hradecka in the women's doubles final at Wimbledon.
Published 06 Aug, 2012 12:00am
Volkswagen vans need foothold in emerging markets

Volkswagen vans need foothold in emerging markets

Volkswagen will need to address some regional gaps as it seeks to become the world's largest carmaker, head of personnel Horst Neumann told German daily Handelsblatt, citing weakness in vans and light trucks in emerging markets.
Published 06 Aug, 2012 12:00am
Iran, regional tension pushing oil price up: Kuwait

Iran, regional tension pushing oil price up: Kuwait

A drop in Iranian production coupled with regional tensions were pushing oil prices higher, Kuwait Oil Minister, Hani Hussein, said in remarks published on Sunday. "Iranian production has dropped which has contributed to raising prices," Hussein was quote
Published 06 Aug, 2012 12:00am
Clinton praises Malawi's Banda for economic reforms

Clinton praises Malawi's Banda for economic reforms

US Secretary of State Hillary Clinton paid a lightning visit to Malawi on Sunday to congratulate its new president, one of only two female heads of state in Africa, for pulling her impoverished country back from the economic brink after a political crisis
Published 06 Aug, 2012 12:00am
Dubai Investments second quarter net profit drops

Dubai Investments second quarter net profit drops

United Arab Emirates conglomerate Dubai Investments, which has been looking at opportunities to divest some of its businesses, posted a 54 percent decline in second-quarter net profit on Sunday as revenue dropped.
Published 06 Aug, 2012 12:00am
Dubai Investments second quarter net profit drops

Dubai Investments second quarter net profit drops

United Arab Emirates conglomerate Dubai Investments, which has been looking at opportunities to divest some of its businesses, posted a 54 percent decline in second-quarter net profit on Sunday as revenue dropped.
Published 06 Aug, 2012 12:00am
Monti fears eurozone crisis could tear Europe apart

Monti fears eurozone crisis could tear Europe apart

Italian Prime Minister Mario Monti has voiced fears that tensions sparked by the eurozone crisis have already turned countries against each other and must not be allowed to rip Europe apart.
Published 06 Aug, 2012 12:00am
'Spain has time to wait for clarity on EU aid'

'Spain has time to wait for clarity on EU aid'

Spain has time to wait for clarity on what a full European rescue would involve as it has already covered the majority of its debt needs for the year, Economy Minister Luis de Guindos said in a newspaper interview published on Sunday.
Published 06 Aug, 2012 12:00am
ECB ready to break ground in crisis fight: analysts

ECB ready to break ground in crisis fight: analysts

The European Central Bank has broken new ground in the eurozone crisis with hints that it could start unlimited buying of stricken member states' bonds to drive down their crippling borrowing costs.
Published 06 Aug, 2012 12:00am
Workers, GM in deal to avoid Brazil job cuts

Workers, GM in deal to avoid Brazil job cuts

American carmaker General Motors and union representatives in Brazil reached a deal late Saturday to delay at least until November 1,840 possible job cuts at a plant in Sao Paulo state, the union said.
Published 06 Aug, 2012 12:00am
Romney says more Fed stimulus would not help US economy

Romney says more Fed stimulus would not help US economy

Republican presidential candidate Mitt Romney said on Sunday that a fresh round of monetary stimulus from the Federal Reserve would not help the fragile US economy. A stream of disappointing economic news has underpinned expectations that the central bank
Published 06 Aug, 2012 12:00am
Scientists find CO2-sucking funnels in Southern Ocean

Scientists find CO2-sucking funnels in Southern Ocean

Scientists said they had unravelled the mechanism by which Earth-warming carbon is sucked deep into the Southern Ocean to be safely locked away - a process that may itself be threatened by climate change.
Published 06 Aug, 2012 12:00am
Global warming is due to humans: US former skeptic

Global warming is due to humans: US former skeptic

A prominent US skeptic of the human causes of climate change, Richard Muller, has reversed course, saying in a statement released on July 30 that he now believes greenhouse gases are responsible for global warming.
Published 06 Aug, 2012 12:00am
Panel recommends against ECG tests for heart disease

Panel recommends against ECG tests for heart disease

Testing electrical activity of the heart using an electrocardiogram is unlikely to help doctors figure out who is at risk of coronary heart disease, according to recommendations from a US government-backed panel.
Published 06 Aug, 2012 12:00am
Curry compound may curb diabetes risk: study

Curry compound may curb diabetes risk: study

Supplements containing a compound found in curry spice may help prevent diabetes in people at high risk, according to a Thai study. Researchers, whose results were published in the journal Diabetes Care, found that over nine months, a daily dose of curcum
Published 06 Aug, 2012 12:00am
Scientists treat ulcers with 'spray-on skin'

Scientists treat ulcers with 'spray-on skin'

Scientists said on August 03 they had developed a revolutionary "spray-on skin" treatment for venous leg ulcers - a common ailment involving a shallow, open and stubborn wound on the ankle or lower leg.
Published 06 Aug, 2012 12:00am
Dust from Asia pollutes US, Canada air: study

Dust from Asia pollutes US, Canada air: study

Dust and aerosol pollution from Asia travels across the ocean and sullies the air in the United States and Canada, possibly worsening the effects of climate change, a NASA-backed study showed on August 02.
Published 06 Aug, 2012 12:00am
8.7 million mobile customers hacked in South Korea

8.7 million mobile customers hacked in South Korea

South Korean police have arrested two hackers who stole personal data of 8.7 million customers of the nation's second-biggest mobile operator, the company said on July 29.
Published 06 Aug, 2012 12:00am
Microsoft pays big to strengthen software defence

Microsoft pays big to strengthen software defence

As hackers from around the world converged on Las Vegas, Microsoft doled out a quarter million dollars in prize money to researchers who found ways to thwart attacks on its software. The winners of Microsoft's first Blue Hat prize were unveiled at a hip c
Published 06 Aug, 2012 12:00am
Apple considering investment in Twitter: report

Apple considering investment in Twitter: report

Computer and smartphone maker Apple has been discussing with social media company Twitter the possibility of making a significant investment in it, The New York Times reported late July 27. Citing unnamed "people briefed on the matter," the newspaper said
Published 06 Aug, 2012 12:00am
Apple extends gains in surging tablet market: survey

Apple extends gains in surging tablet market: survey

Apple extended its dominance in the sizzling tablet computer market in the second quarter of 2012, with the iPad grabbing 68 percent of global sales, a survey showed on August 2. The preliminary report by IDC showed global tablet sales of 25 million - up
Published 06 Aug, 2012 12:00am
Dextrous robotic hand gets thumbs up

Dextrous robotic hand gets thumbs up

European researchers said on August 2 they had developed the world's first real-sized, five-fingered robotic hand able to grasp and manipulate objects with human-like dexterity. Getting robots to manoeuvre objects with precision has posed many problems fo
Published 06 Aug, 2012 12:00am
Struggling RIM launches mobile version of tablet

Struggling RIM launches mobile version of tablet

Research in Motion unveiled a mobile version of its PlayBook tablet in Canada as the struggling BlackBerry maker looked to gain footing in the fast-growing market. The company, whose sales of 260,000 tablets in the past quarter left it far behind the lead
Published 06 Aug, 2012 12:00am
Def Con hackers reach for digital wallets

Def Con hackers reach for digital wallets

Hackers at a notorious Def Con gathering that ends here on July 29 have come up with ways to reach into digital wallets. Smartphones at the heart of modern lifestyles are becoming top targets for cyber attacks, according to security specialists and hacker
Published 06 Aug, 2012 12:00am
Twitter clocks half-billion users

Twitter clocks half-billion users

Over 500 million people are on micro-blogging site Twitter and Americans and Brazilians are the most connected, according to a study by social media monitor Semiocast released on July 30.
Published 06 Aug, 2012 12:00am
Fujitsu, NEC, Docomo in smartphone chip joint venture

Fujitsu, NEC, Docomo in smartphone chip joint venture

Japan's Fujitsu Ltd, NTT DoCoMo Inc and NEC Corp will on Wednesday launch a new company to make smartphone chips, the Nikkei newspaper reported on Wednesday. Fujitsu will own more than 50 percent of Access Network Technology Ltd, expected to compete with
Published 06 Aug, 2012 12:00am
US proposes tougher online privacy for children

US proposes tougher online privacy for children

A US regulator on August 1 proposed tougher standards to protect privacy and collection of data of children using the Internet. The Federal Trade Commission unveiled a proposal to expand the scope of privacy rule not just to website operators, but to thir
Published 06 Aug, 2012 12:00am
Google delays widely-panned 'Nexus Q' orb gadget

Google delays widely-panned 'Nexus Q' orb gadget

Google Inc is postponing the launch of the Nexus Q, the Internet giant's first self-designed and marketed consumer electronics device, in a smudge on its budding hardware credentials.
Published 06 Aug, 2012 12:00am
Lufthansa posts drop in second quarter profit

Lufthansa posts drop in second quarter profit

Lufthansa, Germany's number one airline, posted a sharp drop in second-quarter net profits on August 02 but stuck to its cautious outlook for the year. The group reported a net profit of 229 million euros ($281 million) for April to June, a nearly 24-perc
Published 06 Aug, 2012 12:00am
UAE's du telecom second quarter profits jump 57.1 percent

UAE's du telecom second quarter profits jump 57.1 percent

The UAE's second largest telecommunications operator, du, reported on July 30 a 57.1 percent jump in net profit for the second quarter to June on a rising customer base and falling operating costs.
Published 06 Aug, 2012 12:00am
Gazprom Singapore aims to double revenue by 2015

Gazprom Singapore aims to double revenue by 2015

The Singapore trading arm of Russia's largest gas producer, Gazprom, expects to double its revenue by 2015 as it grows trade volume of liquefied natural gas (LNG) and non-gas liquids, while delaying expansion of its Asian crude business.
Published 06 Aug, 2012 12:00am
JAL net profit more than doubles to $343 million

JAL net profit more than doubles to $343 million

Japan Airlines, which just two-and-a-half years ago went bankrupt in one of the country's worst corporate failures, said on August 02 first quarter net profit more than doubled to 26.9 billion yen ($342.75 million). The airline credited cost cutting and i
Published 06 Aug, 2012 12:00am
JAL net profit more than doubles to $343 million

JAL net profit more than doubles to $343 million

Japan Airlines, which just two-and-a-half years ago went bankrupt in one of the country's worst corporate failures, said on August 02 first quarter net profit more than doubled to 26.9 billion yen ($342.75 million). The airline credited cost cutting and i
Published 06 Aug, 2012 12:00am
Italian oil major ENI reports worse than expected results

Italian oil major ENI reports worse than expected results

Italian oil major ENI on August 01 reported worse than expected results for the second quarter but said it was confident on its outlook thanks to an increase in production and a new discovery in Mozambique. The adjusted net profit for the second quarter w
Published 06 Aug, 2012 12:00am
Bayer profits down in second quarter

Bayer profits down in second quarter

German chemicals and pharmaceuticals giant Bayer, maker of Aspirin, said on July 31 its bottom-line profit fell by a third in the second quarter, but it was nevertheless raising its full-year profit targets.
Published 06 Aug, 2012 12:00am
Bayer profits down in second quarter

Bayer profits down in second quarter

German chemicals and pharmaceuticals giant Bayer, maker of Aspirin, said on July 31 its bottom-line profit fell by a third in the second quarter, but it was nevertheless raising its full-year profit targets.
Published 06 Aug, 2012 12:00am
Allianz confirms 2012 outlook after solid second quarter

Allianz confirms 2012 outlook after solid second quarter

German insurance giant Allianz posted a solid second-quarter net profit on August 03, boosted partly by its life and health divisions, and confirmed its full-year outlook. Net profit rose more than 23 percent in April to June, to reach 1.3 billion euros (
Published 06 Aug, 2012 12:00am
Allianz confirms 2012 outlook after solid second quarter

Allianz confirms 2012 outlook after solid second quarter

German insurance giant Allianz posted a solid second-quarter net profit on August 03, boosted partly by its life and health divisions, and confirmed its full-year outlook. Net profit rose more than 23 percent in April to June, to reach 1.3 billion euros (
Published 06 Aug, 2012 12:00am
Indian web retailers sell US brands without licences

Indian web retailers sell US brands without licences

While India's politicians dither over rules allowing foreign retailers into the country, some online stores are already selling discounted clothing from companies such as Abercrombie & Fitch Co that have yet to officially enter the market.
Published 06 Aug, 2012 12:00am
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