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Print - 2012-08-08
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose for the fourth consecutive session at a weekly auction on Tuesday on strong demand from buyers despite higher supply, brokers said. The average price of Bangladeshi tea was 208.59 taka ($2.5) a kg against 206.69 taka per kg a
Published 08 Aug, 2012 12:00am
India's July oilmeal exports fall on poor margins

India's July oilmeal exports fall on poor margins

India's oilmeal exports fell 2.6 percent in July, the fourth straight fall since the start of the current fiscal year, as high seed prices crimped crushing margins and a supply squeeze due to drought further hit supplies. India, Asia's top supplier of oil
Published 08 Aug, 2012 12:00am
Vietnam's August coffee export down

Vietnam's August coffee export down

Vietnam, the world's largest producer of robusta coffee, is forecast to export between 70,000 and 100,000 tonnes, or 1.17 million to 1.67 million bags, of beans in August, down from the 110,000 tonnes loaded last month, traders said on Tuesday. Falling su
Published 08 Aug, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 47,893 tonnes of cargo comprising 22,092 tonnes of import cargo and 25,801 tonnes of export cargo including 2,626 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 22,092 tonn
Published 08 Aug, 2012 12:00am
Oil cake market rates

Oil cake market rates

Mixed patterns were seen on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December vaida that had closed at Rs 448.50 opened with a loss of 50 paisa at Rs 448.00 in process of trading, they said. The January con
Published 08 Aug, 2012 12:00am
Spot rate soars to Rs 5,675 despite easy phutti arrivals

Spot rate soars to Rs 5,675 despite easy phutti arrivals

Official spot rate was higher amid further improved phutti arrivals, dealers said on the cotton market on Tuesday. The official spot rate was raised by Rs 25 to Rs 5675, they said. In the ready business over 16,000 bales of cotton changed hands between Rs
Published 08 Aug, 2012 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Spot basis bids for hard red winter wheat in the US Plains held steady Tuesday with offers thin and the market reported as lackluster. Farmers continued to await higher prices after selling a good portion of their new crop early. Spotty mill demand was no
Published 08 Aug, 2012 12:00am
Seeds items' prices higher on grain market

Seeds items' prices higher on grain market

Seeds items ie rapeseed cakes and cotton seed cakes, prices were higher on the wholesale grain market on Tuesday in process of slow trading, dealers said. On the seed side rapeseed cake low type was higher by Rs 60 to Rs 1180 while the best quality was un
Published 08 Aug, 2012 12:00am
Coal India sets penalty for power project pacts

Coal India sets penalty for power project pacts

State miner Coal India agreed on Tuesday to pay penalties for failing to provide sufficient supplies to new Indian power projects that range from 1.5 to 40 percent of a shortfall, depending on the level of default. It also agreed to pool the prices of imp
Published 08 Aug, 2012 12:00am
Pfizer, J&J scrap Alzheimer's studies as drug fails

Pfizer, J&J scrap Alzheimer's studies as drug fails

Pfizer Inc and Johnson & Johnson scrapped further studies of one of the most anticipated experimental drugs for Alzheimer's disease after it failed to help patients with the memory-robbing condition in a second high-profile clinical trial. The companies s
Published 08 Aug, 2012 12:00am
VTB Bank, CCBank to acquire Bulgarian telecoms firm

VTB Bank, CCBank to acquire Bulgarian telecoms firm

VTB Capital, a unit of Russia's VTB Bank, and Bulgarian lender Corporate Commercial Bank (CCBank) have agreed to take over debt-ridden Bulgarian telecoms company Vivacom, Vivacom said on Tuesday. Vivacom, whose debts amount to 1.65 billion euros ($2.1 bil
Published 08 Aug, 2012 12:00am
Canada's Ivey PMI index rises in July

Canada's Ivey PMI index rises in July

The pace of purchasing activity in the Canadian economy in July rose to its highest level in four months, according to Ivey Purchasing Managers Index data released on Tuesday. The data showed the seasonally adjusted index climbed to 62.8 in July from 49.0
Published 08 Aug, 2012 12:00am
Africa's growth may rise to 7 percent a year by 2015

Africa's growth may rise to 7 percent a year by 2015

Africa's growth could rise to 7 percent by the year 2015 Driven by a rush of investors attracted by its drive to improve its infrastructure, the head of the United Nations Development Programme's (UNDP) in Africa said. Ranked as the poorest continent in t
Published 08 Aug, 2012 12:00am
Morgan Stanley trading-loss frequency up in second quarter

Morgan Stanley trading-loss frequency up in second quarter

Morgan Stanley lost money more frequently in trading during the second quarter than it did in the previous or year-ago periods. The investment bank lost money in 15 of the 64 trading days for the quarter ended June 30, or 23 percent of the time, according
Published 08 Aug, 2012 12:00am
Morgan Stanley trading-loss frequency up in second quarter

Morgan Stanley trading-loss frequency up in second quarter

Morgan Stanley lost money more frequently in trading during the second quarter than it did in the previous or year-ago periods. The investment bank lost money in 15 of the 64 trading days for the quarter ended June 30, or 23 percent of the time, according
Published 08 Aug, 2012 12:00am
Spain will not seek bailout if new conditions: EU source

Spain will not seek bailout if new conditions: EU source

Spain will not seek eurozone financial aid beyond an agreed rescue for its banks if more conditions than those already agreed for recapitalising lenders are attached, an EU source said Tuesday. Prime Minister Mariano Rajoy is under pressure to call in fin
Published 08 Aug, 2012 12:00am
Buenos Aires crippled by metro strike

Buenos Aires crippled by metro strike

Argentina's capital was crippled for a fourth day Tuesday by a metro strike that shut down the city's subways and left roads gridlocked with commuters looking for alternate routes. The metro workers union is threatening to extend its strike if their wage
Published 08 Aug, 2012 12:00am
Greek exit 'manageable' but not 'desirable', says Juncker

Greek exit 'manageable' but not 'desirable', says Juncker

Eurozone finance ministers' group chief Jean-Claude Juncker has said a Greek exit from the eurozone would be "manageable" but not "desirable", according to an interview published Tuesday. "The way things look now, it would be a manageable process," he tol
Published 08 Aug, 2012 12:00am
Italy's recession pain stretches to a year

Italy's recession pain stretches to a year

Italy shrank further into recession in the second quarter for a 2.5 percent yearly decline, data showed on Tuesday, threatening attempts by Mario Monti's technocrat government to control a debt crisis that is undermining the whole euro zone.
Published 08 Aug, 2012 12:00am
Freddie Mac posts second quarter profit, seeks no US aid

Freddie Mac posts second quarter profit, seeks no US aid

US government-controlled mortgage finance giant Freddie Mac reported Tuesday $3.0 billion net profit for the second quarter and said it was not seeking US taxpayer aid for the period. Freddie Mac said the profit improvement, from $577 million in the first
Published 08 Aug, 2012 12:00am
Freddie Mac posts second quarter profit, seeks no US aid

Freddie Mac posts second quarter profit, seeks no US aid

US government-controlled mortgage finance giant Freddie Mac reported Tuesday $3.0 billion net profit for the second quarter and said it was not seeking US taxpayer aid for the period. Freddie Mac said the profit improvement, from $577 million in the first
Published 08 Aug, 2012 12:00am
Freddie Mac posts second quarter profit, seeks no US aid

Freddie Mac posts second quarter profit, seeks no US aid

US government-controlled mortgage finance giant Freddie Mac reported Tuesday $3.0 billion net profit for the second quarter and said it was not seeking US taxpayer aid for the period. Freddie Mac said the profit improvement, from $577 million in the first
Published 08 Aug, 2012 12:00am
Church of England loses faith in News Corp shares

Church of England loses faith in News Corp shares

The Church of England has sold all shares in News Corporation held in its investment portfolios on ethical grounds, after a phone hacking scandal at the media empire's UK operations. The Church, which has three national investing bodies, sold the shares w
Published 08 Aug, 2012 12:00am
Church of England loses faith in News Corp shares

Church of England loses faith in News Corp shares

The Church of England has sold all shares in News Corporation held in its investment portfolios on ethical grounds, after a phone hacking scandal at the media empire's UK operations. The Church, which has three national investing bodies, sold the shares w
Published 08 Aug, 2012 12:00am
Pfizer fined for paying bribes in East Europe, China

Pfizer fined for paying bribes in East Europe, China

The US charged Pfizer and its subsidiary Wyeth on Tuesday with paying millions of dollars in bribes to build their business in Eastern Europe and China, and set hefty fines on the two to settle the charges. The Department of Justice and the Securities and
Published 08 Aug, 2012 12:00am
Eurozone pain hits German industrial orders

Eurozone pain hits German industrial orders

German industrial orders fell more than expected in June as domestic and euro zone demand faltered, indicating the single currency bloc's debt crisis is taking its toll on Europe's largest economy. Data from the Economy Ministry showed seasonally and pric
Published 08 Aug, 2012 12:00am
Iraqi Kurdistan resumes oil exports

Iraqi Kurdistan resumes oil exports

Oil exports from Iraq's northern Kurdistan region restarted on Tuesday at 100,000 barrels per day (bpd) in a bid to end a payment dispute with the central government, a senior Kurdistan Regional Government (KRG) official told Reuters. Exports were halted
Published 08 Aug, 2012 12:00am
UK's shops and factories struggle in biting recession

UK's shops and factories struggle in biting recession

Britain's economy is stuck in its bid to beat recession, with data on Tuesday showing retail sales growth slowed in July and manufacturing tumbling in June - presaging another cut to the central bank's growth forecast. Bank of England governor Mervyn King
Published 08 Aug, 2012 12:00am
Indian shares rally

Indian shares rally

Indian shares touched a four-month high on Tuesday as rate-sensitive companies rallied on hopes the central bank will be pressured into cutting interest rates after the finance minister said high borrowing costs were burdening consumers. The session marke
Published 08 Aug, 2012 12:00am
Nikkei builds on gains, nears 75-day average

Nikkei builds on gains, nears 75-day average

The Nikkei share average rose on Tuesday, extending the previous session's sharp rally and in step with global markets' overnight gains as investors continued to adjust positions in the last throes of Japan's earnings season. Steelmakers provided ballast
Published 08 Aug, 2012 12:00am
Wall Street rises to three-month high

Wall Street rises to three-month high

US stocks closed at three-month highs for the second day in a row on Monday, extending last week's rally on the hope for more assistance for the troubled eurozone. The S&P 500 rose to its highest point since early May, but pared its gains going into the c
Published 08 Aug, 2012 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks finished 0.13 percent higher on Tuesday, but HTC tumbled to a nearly four-year low after the smartphone maker forecast a decline in third-quarter revenue. The main TAIEX index ended up 9.13 points at 7,295.46, led by automobile and food, bot
Published 08 Aug, 2012 12:00am
Most Southeast Asian bourses down

Most Southeast Asian bourses down

Most Southeast Asian stock markets eased on Tuesday with Singapore falling from a one-year high, but foreign investors bought into equities in Indonesia and Malaysia amid hopes that Europe will take further action to tackle its debt crisis helped sentimen
Published 08 Aug, 2012 12:00am
Treasuries edge up

Treasuries edge up

US Treasuries prices edged up on Monday before debt sales later in the week that could underscore how much investors are willing to pay for safety amid global market uncertainty. Investors are waiting to see how much demand there will be for $72 billion o
Published 08 Aug, 2012 12:00am
Treasuries edge up

Treasuries edge up

US Treasuries prices edged up on Monday before debt sales later in the week that could underscore how much investors are willing to pay for safety amid global market uncertainty. Investors are waiting to see how much demand there will be for $72 billion o
Published 08 Aug, 2012 12:00am
Hong Kong shares climb on Exprit, StanChart sinks

Hong Kong shares climb on Exprit, StanChart sinks

Hong Kong shares closed on Tuesday near a three-month high, lifted by a 28 percent surge for Esprit Holdings as investors cheered the appointment of an executive from rival Inditex as its new chief executive. But shares of Standard Chartered Plc plunged 1
Published 08 Aug, 2012 12:00am
Oil shares, Nokia lift European equities

Oil shares, Nokia lift European equities

European shares rose to their highest level in more than four months on Tuesday, as firmer oil stocks and a surge in telecoms group Nokia offset a slump in UK bank Standard Chartered after becoming embroiled in a scandal. The FTSEurofirst 300 index closed
Published 08 Aug, 2012 12:00am
Australian shares touch three-month high

Australian shares touch three-month high

Australian shares gained 0.5 percent on Monday to notch a three-month high, with industrial equipment maker Bradken starring with an 11.2 percent surge after posting a 49 percent increase in its full-year profit. Companies posting financial results went t
Published 08 Aug, 2012 12:00am
South Korea shares up

South Korea shares up

Seoul shares closed marginally higher on Monday as investors took a breather following hefty gains in the previous session, awaiting a slew of economic data from China later in the week to provide further market direction. The Korea Composite Stock Price
Published 08 Aug, 2012 12:00am
FTSE climbs to four-month high, Standard Chartered sinks

FTSE climbs to four-month high, Standard Chartered sinks

Britain's FTSE 100 climbed to its highest close in four months on Tuesday, with heavyweight miners and energy stocks rallying on expectations of global economic stimulus and outweighing a steep sell off in Standard Chartered. The bank's shares plunged 16.
Published 08 Aug, 2012 12:00am
Indian rupee climbs

Indian rupee climbs

The Indian rupee rose to a three-week high on Tuesday, extending gains for a third consecutive session on the back of a more favourable global risk environment and large dollar sales by domestic companies. Traders also cited cautious optimism after newly-
Published 08 Aug, 2012 12:00am
Euro dips in Asia; Aussie dollar shines

Euro dips in Asia; Aussie dollar shines

The euro dipped versus the dollar on Tuesday and pulled back from a one-month high, but remained supported by expectations that the European Central Bank will take action soon to lower borrowing costs for Spain and Italy. The Australian dollar hit its hig
Published 08 Aug, 2012 12:00am
Euro rises in London

Euro rises in London

The euro edged higher on Tuesday, hovering near a one-month high against the dollar and supported by expectations the European Central Bank is prepared to act soon to lower borrowing costs for Spain and Italy. The Australian dollar also rose to its highes
Published 08 Aug, 2012 12:00am
Midday trade in New York: Euro advances for third day

Midday trade in New York: Euro advances for third day

The euro rose for a third straight session against the dollar on Tuesday, underpinned by expectations the European Central Bank is prepared to act soon to lower borrowing costs for Spain and Italy. The Australian dollar also rose to its highest in more th
Published 08 Aug, 2012 12:00am
Euro extends gains

Euro extends gains

The euro edged higher against the dollar on Monday, extending the previous session's gains on hopes the European Central Bank will take action to lower borrowing costs for Spain and Italy. With little news to drive markets, investors continued to focus on
Published 08 Aug, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.50-81.50 (previous 81.50-81.505). Call Money Rates: 06.50-10.75 percent (previous 06.50-10.50 percent.
Published 08 Aug, 2012 12:00am
Yuan soars

Yuan soars

Spot yuan prices closed up on Tuesday in reaction to a steadily weakening dollar, and after the Chinese central bank set the reference rate higher than the previous day. The People's Bank of China (PBOC) set the yuan midpoint fixing at 6.3332 per dollar,
Published 08 Aug, 2012 12:00am
Asian currencies stay higher

Asian currencies stay higher

Most emerging Asian currencies held firm on Tuesday, as investors' appetite for riskier assets improved on hopes that China and the United States will take stimulus steps and Europe will make further moves to tackle its debt crisis.
Published 08 Aug, 2012 12:00am
Sterling moves up

Sterling moves up

Sterling edged higher on Tuesday after better-than-expected UK industrial and manufacturing data, although the numbers did little to alter expectations of more monetary easing that should check the pound's gains. UK manufacturing output fell 2.9 percent i
Published 08 Aug, 2012 12:00am
Britain's golden haul is best since 1908

Britain's golden haul is best since 1908

Britain celebrated its biggest haul of Olympic gold since 1908 on Tuesday at a London Games that just keeps on giving for a host nation once famed for its love of plucky losers and heroic failures. Not since the first London Olympics, when just 22 nations
Published 08 Aug, 2012 12:00am
Shoaib Akhtar visits Sprite Cricket Next event trials

Shoaib Akhtar visits Sprite Cricket Next event trials

Sprite Cricket Next (SCN) 2012, the one of its kind sporting event to foster the talent of Pakistani youth, continues to play its ever important role in promoting talented street cricketers. The battle for supremacy between 'Josh' and 'Hosh' rages on as t
Published 08 Aug, 2012 12:00am
Corporate Twennty20 Cup: Omer Associates reach semi-finals

Corporate Twennty20 Cup: Omer Associates reach semi-finals

Omer Associates confirmed their place in the semi-final of Advance Telecom's second Corporate T20 Cup 2012 played at the DHA Sports Club. Omer Associates won the toss and elected to bat with Omer Siddique scoring a patient 35 runs with the help of 2 fours
Published 08 Aug, 2012 12:00am
17 women cricketers awarded central contract

17 women cricketers awarded central contract

Pakistan Cricket Board (PCB) women's wing on Tuesday announced the names of 17 women cricketers who were awarded central contract for the year 2012. These cricketers were awarded contracts in three categories.
Published 08 Aug, 2012 12:00am
Russia claims fourth duets synchro swim title

Russia claims fourth duets synchro swim title

Russia won the duets synchronised swimming gold for the fourth consecutive Olympic Games on Tuesday while Spain snatched silver from China. Having claimed first position in the technical routine at the Aquatic Centre on Sunday, the Russian pair of Natalia
Published 08 Aug, 2012 12:00am
Aussies trounce Pakistan to reach semi-finals

Aussies trounce Pakistan to reach semi-finals

World champions Australia advanced to the last four by hammering Pakistan 7-0 on Tuesday to move to the top of Pool A. The Netherlands defeated South Korea 4-2 to top their Olympic Games hockey pool with a fifth successive win which also allowed defending
Published 08 Aug, 2012 12:00am
Asian FAs told to stay out of bin Hammam probe

Asian FAs told to stay out of bin Hammam probe

The acting head of Asian football has warned the continent's 46 football associations not to "interfere" in its probe into alleged wrongdoing by its scandal-tainted chief Mohamed bin Hammam. The call, made in a statement issued late Monday by Asian Footba
Published 08 Aug, 2012 12:00am
India beat Sri Lanka in Twenty20

India beat Sri Lanka in Twenty20

India defeated Sri Lanka by 39 runs in the one-off Twenty20 international in Pallekele on Tuesday. Paceman Ashok Dinda bagged four wickets and seamer Irfan Pathan three as India bowled Sri Lanka out for 116 after posting 155-3. Angelo Mathews made 31 for
Published 08 Aug, 2012 12:00am
Medals table

Medals table

Olympics medals table at the end of the 10th full day of competition on Monday:

Published 08 Aug, 2012 12:00am
Sanchez turns back the clock

Sanchez turns back the clock

Felix Sanchez of the Dominican Republic recaptured the Olympic 400 metres hurdles title on Monday at the age of 34, eight years after he first won it, but other great champions lost their crowns in an emotional night at the London Games. Sanchez was convu
Published 08 Aug, 2012 12:00am
Zonderland soars to high bar gold

Zonderland soars to high bar gold

Epke Zonderland of the Netherlands produced a spectacular horizontal high bar routine to claim Olympic gold in the men's final and earn a standing ovation at the North Greenwich Arena on Tuesday. Zonderland's display gave him a huge score of 16.533, to le
Published 08 Aug, 2012 12:00am
Deng edges tearful team-mate Sui to beam gold

Deng edges tearful team-mate Sui to beam gold

China's Deng Linlin upset team-mate Sui Lu to claim the gold medal in the women's balance beam final on the last day of the Olympic artistic gymnastics tournament on Tuesday. Sui won the silver medal, with Alexandra Raisman of the United States snatching
Published 08 Aug, 2012 12:00am
China defend women's table tennis gold

China defend women's table tennis gold

China's women retained their Olympic table tennis team title on Tuesday when they overcame Japan 3-0 in a one-sided final. It followed China's capture of both singles gold medals, and precedes their attempt on Wednesday to win another men's team gold, whi
Published 08 Aug, 2012 12:00am
Heartbroken Liu crashes out, Bolt, Blake cruise

Heartbroken Liu crashes out, Bolt, Blake cruise

Chinese icon Liu Xiang suffered a second successive Olympic heartbreaker Tuesday when he crashed out of the 110m hurdles as double 100m champion Usain Bolt strolled through his 200m heat. Former Olympic champion and world record holder Liu, 29, who had to
Published 08 Aug, 2012 12:00am
Yemen restructures army, cuts powers of former leader's son

Yemen restructures army, cuts powers of former leader's son

Yemen's president ordered the restructuring of some military units on Monday, aiming to curb the powers of a son of former leader Ali Abdullah Saleh and stabilise a country where Saleh's legacy still looms large. State-owned news agency Saba said late on
Published 08 Aug, 2012 12:00am
US criticised for backing away from UN climate goal

US criticised for backing away from UN climate goal

The European Union and small island states criticised the United States on Tuesday for backing away from a UN goal of limiting global warming to below 2 degrees Celsius (3.6 F). They urged almost 200 governments to stick to the target, one of the few agre
Published 08 Aug, 2012 12:00am
Obama deportation deferral could benefit 1.76 million

Obama deportation deferral could benefit 1.76 million

A new estimate Tuesday says 1.76 million undocumented immigrants in the United States - higher than previous guesses - could benefit from President Barack Obama's new deportation deferral policy. The report by the Migration Policy Institute estimates that
Published 08 Aug, 2012 12:00am
US hands more control to South Africa in its AIDS fight

US hands more control to South Africa in its AIDS fight

The United States and South Africa are to sign an agreement on funding for an anti-AIDS campaign that is symbolic of Pretoria's shift from being a pariah to a global player in fighting the disease. US Secretary of State Hillary Clinton said during a visit
Published 08 Aug, 2012 12:00am
Clinton urges South Africa to take leading role

Clinton urges South Africa to take leading role

US Secretary of State Hillary Clinton on Tuesday called on South Africa, the continent's leading democracy, to play a more influential role in African and global issues. "We are looking for ways to enhance and deepen our partnership. South Africa has so m
Published 08 Aug, 2012 12:00am
Gaza 'increasingly cut off' from territories: Fayyad

Gaza 'increasingly cut off' from territories: Fayyad

Gaza is becoming more and more cut off from the rest of the Palestinian territories as hopes of sealing a Fatah-Hamas unity deal fade, Palestinian premier Salam Fayyad has warned. "With each day that passes without practical steps towards achieving reconc
Published 08 Aug, 2012 12:00am
Saudi Arabia is spending more than it should: IMF

Saudi Arabia is spending more than it should: IMF

Saudi Arabia's government is spending more than it should do if it wants to preserve the country's oil wealth for future generations, the International Monetary Fund said in a report released on Tuesday. "While the government has built significant policy
Published 08 Aug, 2012 12:00am
Scandinavian ship sails to challenge Gaza blockade

Scandinavian ship sails to challenge Gaza blockade

Scandinavian activist groups are launching an aid ship destined for Gaza on Tuesday, hoping to challenge the Israeli blockade and draw international attention to the conflict in a move reminiscent of the 2010 "Freedom Flotilla", organisers said. "We have
Published 08 Aug, 2012 12:00am
Russia seeks three years jail for Pussy Riot punk rockers

Russia seeks three years jail for Pussy Riot punk rockers

Russian prosecutors Tuesday sought three years of prison for all-girl band Pussy Riot whose anti-Putin "punk prayer" protest ignited global support from rock stars including visiting pop icon Madonna. The demand for a tough sentence came just days after R
Published 08 Aug, 2012 12:00am
Seven killed in Iraq attacks

Seven killed in Iraq attacks

Shootings and a bombing killed seven people in Iraq on Tuesday, security and medical officials said, bringing the number of people killed in violence this month to at least 69. Gunmen with silenced weapons shot dead a justice ministry worker in the Jamiya
Published 08 Aug, 2012 12:00am
Bosnia Serbs threaten EU block on foreign minister

Bosnia Serbs threaten EU block on foreign minister

Bosnian Serbs threatened on Tuesday to block their country's already slow progress towards European Union membership unless the foreign minister resigns in a dispute over constitutional procedures. The Bosnian Serbs claim that Foreign Minister Zlatko Lagu
Published 08 Aug, 2012 12:00am
Johannesburg marvels at rare snowfall

Johannesburg marvels at rare snowfall

Snow flurries blew through South Africa on Tuesday, closing several border crossings with Lesotho and dusting parts of the country in white as residents poured into the streets to watch the snowflakes fall. "It's amazing, Merry Christmas!" said Roger Gibb
Published 08 Aug, 2012 12:00am
India's Ansari defeats challenger to remain vice president

India's Ansari defeats challenger to remain vice president

India's vice president held off a challenge on Tuesday from a veteran Hindu nationalist politician to retain the country's second highest constitutional post in elections held by lawmakers. Vice President Hamid Ansari, 75, who took office as India's 12th
Published 08 Aug, 2012 12:00am
Disinformation flies in Syria's growing cyber war

Disinformation flies in Syria's growing cyber war

On Sunday, it was a hijacked Reuters Twitter feed trying to create the impression of a rebel collapse in Aleppo. On Monday, it was another account purporting to be a Russian diplomat announcing the death in Damascus of Syrian President Bashar al-Assad.
Published 08 Aug, 2012 12:00am
'Green-on-blue' attack ends bloody Afghan day

'Green-on-blue' attack ends bloody Afghan day

A US soldier was killed in the latest in a series of "green-on-blue" attacks by Afghan allies in a bloody day across the war-torn country on Tuesday. The day began with a pre-dawn remote-controlled explosion which killed nine civilians in a minibus on the
Published 08 Aug, 2012 12:00am
US suspends an airport traffic-flow switch procedure

US suspends an airport traffic-flow switch procedure

US authorities said Tuesday they had halted for now a traffic-switching procedure at issue when three US Airways flights came too close to one another over Washington's Reagan National Airport last week. The Federal Aviation Administration said no standar
Published 08 Aug, 2012 12:00am
Gunmen open fire on Nigerian church service, kill 19

Gunmen open fire on Nigerian church service, kill 19

Gunmen stormed an evangelical church in central Nigeria, cut the electricity and opened fire once the building was plunged into darkness, killing 19 people, including the pastor, officials said Tuesday. Residents in the town of Okene in Kogi state, where
Published 08 Aug, 2012 12:00am
German police arrest suspected Nato spy

German police arrest suspected Nato spy

German police have arrested a civilian employee of Nato on suspicion of espionage at the US air base at Ramstein in the west of the country, federal prosecutors said Tuesday. The prosecutor's office in the south-western city of Karlsruhe said the 60-year-
Published 08 Aug, 2012 12:00am
Torrential rains flood half of Manila

Torrential rains flood half of Manila

Torrential monsoon rains flooded half of the Philippine capital on Tuesday, killing at least 16 people as rampaging waters swept away homes, destroyed bridges and triggered a landslide in a shanty town. Some residents were marooned on their roofs as parts
Published 08 Aug, 2012 12:00am
Torrential rains flood half of Manila

Torrential rains flood half of Manila

Torrential monsoon rains flooded half of the Philippine capital on Tuesday, killing at least 16 people as rampaging waters swept away homes, destroyed bridges and triggered a landslide in a shanty town. Some residents were marooned on their roofs as parts
Published 08 Aug, 2012 12:00am
ICC orders reparations for DR Congo warlord victims

ICC orders reparations for DR Congo warlord victims

The International Criminal Court Tuesday for the first time ordered that victims receive reparations in the case of convicted Congolese warlord Thomas Lubanga. Lubanga, 51, was jailed last month for 14 years by The Hague-based tribunal for using child sol
Published 08 Aug, 2012 12:00am
Turkey can help free pilgrims kidnapped in Syria: Iran

Turkey can help free pilgrims kidnapped in Syria: Iran

Turkey can play a "major role" in freeing 48 Iranian pilgrims abducted in Syria because of its links with the Syrian opposition, Iran's foreign minister said on Tuesday. Ali Akbar Salehi said he was in Turkey to follow the case of the pilgrims abducted ov
Published 08 Aug, 2012 12:00am
NHA development projects reviewed

NHA development projects reviewed

Federal Minister for Communication Dr Arbab Alamgir said here on Tuesday that communication is the backbone of the country and plays key role in national development. Talking to officials of National Highway Authority (NHA) in Islamabad, the Federal Minis
Published 08 Aug, 2012 12:00am
Sharjeel holds Sharifs responsible for judiciary-executive standoff

Sharjeel holds Sharifs responsible for judiciary-executive standoff

Sindh Minister for Information Sharjeel Inam Memon has said that judiciary should work within its constitutional ambit, adding that Pakistan People's Party (PPP) has always respected the judiciary and would continue to do so in future as well.
Published 08 Aug, 2012 12:00am
Transfers, postings

Transfers, postings

Inspector General of Police Punjab, Mohammad Habib-ur-Rehman has issued transfer/posting order of three traffic police officers. According to a notification, Mehr Rab Nawaz, awaiting posting is transferred and posted as SP Sadar Division, Multan, Muhammad
Published 08 Aug, 2012 12:00am
Pillion-riding banned

Pillion-riding banned

Sindh government has banned pillion riding in Karachi for four days from 19th to 22nd Ramazan and in Hyderabad from 20th to 22nd Ramazan.
Published 08 Aug, 2012 12:00am
Takaful rules to attract new players

Takaful rules to attract new players

Pakistan's regulator has introduced new takaful (Islamic insurance) rules designed to boost competition and lift the sector's market share by allowing the entry of conventional players, prompting a legal challenge from takaful providers. The rules, launch
Published 08 Aug, 2012 12:00am
Three killed in accidents

Three killed in accidents

Three persons including a woman were killed in separate mishaps in different parts of the metropolis, here on Tuesday. According to police and rescue sources, an 18-year-old boy, who was studying in 10th standard, shot himself dead near his residence at L
Published 08 Aug, 2012 12:00am
Two political workers among five shot dead

Two political workers among five shot dead

At least five persons including two political activists and a woman were killed in separate incidents at various parts of the metropolis, here on Tuesday. According to police and rescue sources, a senior worker of Sunni Tehrik (ST) namely Abdul Saleem was
Published 08 Aug, 2012 12:00am
Hamdard University given international award

Hamdard University given international award

Hamdard University has been conferred with an international award-`Third Asia's Best B-School Award' for outstanding contribution to education. An announcement here on Tuesday said that the award has been conferred by CMO Asia and Stars of the Industry Gr
Published 08 Aug, 2012 12:00am
Alleged bandit killed in encounter

Alleged bandit killed in encounter

Sindh police on Tuesday claimed to have killed an alleged bandit and arrested his other accomplice in injured condition after brief encounter near Mehran Plaza in the limits of Aziz Bhatti police station. According to DSP Aziz Bhatti Nasir Lodhi, the inci
Published 08 Aug, 2012 12:00am
Grenade attack on police van in Hub kills 2

Grenade attack on police van in Hub kills 2

At least two policemen were killed and nine others injured in a hand grenade attack in Hub. According to details, some unknown motorcyclists hurled hand grenades at a police van. As a result two police men were killed while nine people other including two
Published 08 Aug, 2012 12:00am
Rafhan Maize Products Company Limited

Rafhan Maize Products Company Limited

A leading producer and supplier of refined corn ingredients and products in the region, Rafhan Maize was incorporated in 1953 and is a subsidiary of Corn Products International Inc. USA which holds the majority shares of the company. One of the oldest and
Published 08 Aug, 2012 12:00am
Rafhan Maize Products Company Limited

Rafhan Maize Products Company Limited

A leading producer and supplier of refined corn ingredients and products in the region, Rafhan Maize was incorporated in 1953 and is a subsidiary of Corn Products International Inc. USA which holds the majority shares of the company. One of the oldest and
Published 08 Aug, 2012 12:00am
Special anti-polio campaign in Mardan from August 27

Special anti-polio campaign in Mardan from August 27

Preparations for a special polio eradication campaign have been started in Mardan district keeping in view the increasing number of parents who have refused to get their children immunised against the disease. The special polio eradication campaign would
Published 08 Aug, 2012 12:00am
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