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Print - 2012-08-13
Champs City agree deal to sign Everton's Rodwell

Champs City agree deal to sign Everton's Rodwell

Manchester City are finally set to make their first signing since the end of last season after the Premier League champions agreed a deal for Everton midfielder Jack Rodwell on Sunday. City boss Roberto Mancini had been frustrated with the club's failure
Published 13 Aug, 2012 12:00am
City battle back to down Chelsea in fiery clash

City battle back to down Chelsea in fiery clash

Manchester City underlined their determination to retain the Premier League title as the champions warmed up for the new season with a hard-fought 3-2 win over 10-man Chelsea in the Community Shield on Sunday.
Published 13 Aug, 2012 12:00am
Wozniak ends home soil drought

Wozniak ends home soil drought

Canadian Aleksandra Wozniak snapped a 20-year drought by reaching the quarter-finals of the rain-plagued WTA Tour's Rogers Cup with a 7-6 (7/5), 6-3 win over American Christina McHale on Saturday.
Published 13 Aug, 2012 12:00am
Egyptian wrestlers beaten by clock

Egyptian wrestlers beaten by clock

Two Egyptian wrestlers saw their dream of competing at the London Olympics evaporate without stepping onto the mat after forfeiting their opening contests in a mix-up over times on Sunday. Abdou Ahmed and Saleh Emara lost their first-round matches in the
Published 13 Aug, 2012 12:00am
Russia take gold in volleyball thriller

Russia take gold in volleyball thriller

World Cup-holders Russia came from two sets down to beat world champions Brazil in a thrilling Olympic men's volleyball final on Sunday. Russia looked down and out at two sets to love and 22-19 down in the third, but with the title in sight, Brazil wilted
Published 13 Aug, 2012 12:00am
Kazakhstan's Sapiyev wins welterweight gold

Kazakhstan's Sapiyev wins welterweight gold

Kazakhstan's Serik Sapiyev won the men's Olympic welterweight (69kg) gold on Sunday with a 17-9 win over Britain's Freddie Evans. Having lost in the semi-finals, Ukraine's Taras Shelestyuk and Russia's Andrey Zamkovoy won bronze medals.
Published 13 Aug, 2012 12:00am
US NBA stars beat Spain to take gold

US NBA stars beat Spain to take gold

The United States Dream Team of NBA stars captured their second Olympic men's basketball gold medal in a row and the 14th overall for America by beating Spain 107-100 in Sunday's final. The US multi-millionaire line-up of NBA elite claimed their fifth cro
Published 13 Aug, 2012 12:00am
India hails wrestler Dutt

India hails wrestler Dutt

Indian celebrities and politicians lined up Sunday to lavish praise on wrestler Yogeshwar Dutt, who won a bronze medal for his success-starved country despite suffering a badly swollen eye. In Dutt's home state of Haryana, in northern India, chief ministe
Published 13 Aug, 2012 12:00am
Russians edge Argentina for basketball bronze

Russians edge Argentina for basketball bronze

NBA-bound Alexey Shved scored 13 of his game-high 25 points in the fourth quarter to power Russia over Argentina 81-77 on Sunday to win the Olympic men's basketball bronze medal game. The bronze medal was the first for Russia playing under their own flag
Published 13 Aug, 2012 12:00am
Qatar's Nakilat signs $380 million Islamic loan

Qatar's Nakilat signs $380 million Islamic loan

Qatar Gas Transport Co (Nakilat), the world's largest shipper of liquefied natural gas (LNG), signed a $380 million murabaha-structured Islamic loan, a statement from one of the banks providing the finance said on Sunday. Qatar Islamic Bank provided $180
Published 13 Aug, 2012 12:00am
Oman to spend $1 billion more on job creation

Oman to spend $1 billion more on job creation

Oman plans to spend an additional $1 billion from its oil windfall to create jobs for its citizens over the next 12 months, a finance ministry official said on Sunday. "We had a very good income from oil revenues in the first six months of the year," the
Published 13 Aug, 2012 12:00am
Timber trade threatens Russia protest leader

Timber trade threatens Russia protest leader

The timber industry in the vast forests of Russia's Kirov region, far from prying eyes in Moscow, has long been easy prey for unscrupulous businessmen. Locals say it is so murky that the country's most charismatic opposition leader Alexei Navalny will hav
Published 13 Aug, 2012 12:00am
Finland Prime Minister says still against ECB bond buys

Finland Prime Minister says still against ECB bond buys

Finland remains critically opposed to the European Central Bank's readiness to buy Spanish and Italian sovereign bonds as a means to battle the euro zone debt crisis, Prime Minister Jyrki Katainen told German magazine Der Spiegel.
Published 13 Aug, 2012 12:00am
Finland Prime Minister says still against ECB bond buys

Finland Prime Minister says still against ECB bond buys

Finland remains critically opposed to the European Central Bank's readiness to buy Spanish and Italian sovereign bonds as a means to battle the euro zone debt crisis, Prime Minister Jyrki Katainen told German magazine Der Spiegel.
Published 13 Aug, 2012 12:00am
Bundesbank in final stage to launch trading hub in Tokyo: Nikkei

Bundesbank in final stage to launch trading hub in Tokyo: Nikkei

Germany's Bundesbank is in the final stage of talks with Japan to establish a trading hub in Tokyo, as the central bank wants to manage some foreign currency reserves in Asian financial markets, the Nikkei business daily reported on Sunday, citing financi
Published 13 Aug, 2012 12:00am
German state could buy data even under tax deal, official says

German state could buy data even under tax deal, official says

Authorities in North Rhine-Westphalia would buy more leaked Swiss bank data on wealthy Germans seeking to dodge taxes even if a tax pact with Switzerland banning such purchases comes into effect, the German state's finance minister said in a newspaper int
Published 13 Aug, 2012 12:00am
Kuwaiti firm Global plans $433 million debt-for-equity swap

Kuwaiti firm Global plans $433 million debt-for-equity swap

Global Investment House, the Kuwaiti investment firm undergoing its second debt restructuring in three years, will seek shareholders approval for a debt-for-equity swap which if approved will see creditors own 70 percent of the company.
Published 13 Aug, 2012 12:00am
Kuwaiti firm Global plans $433 million debt-for-equity swap

Kuwaiti firm Global plans $433 million debt-for-equity swap

Global Investment House, the Kuwaiti investment firm undergoing its second debt restructuring in three years, will seek shareholders approval for a debt-for-equity swap which if approved will see creditors own 70 percent of the company.
Published 13 Aug, 2012 12:00am
German opposition leader criticises Swiss banks

German opposition leader criticises Swiss banks

The leader of Germany's centre-left opposition, Sigmar Gabriel, criticised Swiss banks for helping Germans avoid taxes, giving a strongly worded radio interview on Sunday that could put new strains on ties between the two neighbours.
Published 13 Aug, 2012 12:00am
Finance Minister says Italy to overshoot 2012 deficit goal

Finance Minister says Italy to overshoot 2012 deficit goal

Finance Minister Vittorio Grilli said Italy's government would overshoot its 2012 deficit goal because of worse-than-expected growth but planned no extra budget cuts because Italy was on target to meet its EU obligations, a newspaper reported.
Published 13 Aug, 2012 12:00am
Electoral court in Brazil drops Facebook case

Electoral court in Brazil drops Facebook case

A court Saturday reversed an order that would have blocked access to Facebook in Brazil for a day after the popular US social media site allegedly refused to pull a page including illegal political material. An electoral court in Florianopolis, capital of
Published 13 Aug, 2012 12:00am
Bailed US businessman flees UAE to Yemen, detained again

Bailed US businessman flees UAE to Yemen, detained again

US businessman Zack Shahin, who was freed on bail in the United Arab Emirates last month after Washington expressed concern about his health, has fled the country for Yemen, where he was detained again, sources familiar with the matter said. The former ch
Published 13 Aug, 2012 12:00am
Recovering risk appetite could boost South Africa's rand

Recovering risk appetite could boost South Africa's rand

A new round of policy easing from the world's major central banks could restore appetite for riskier emerging market currencies, boosting South Africa's rand in twelve months, a Reuters poll showed, recently.
Published 13 Aug, 2012 12:00am
London investors await data-heavy week

London investors await data-heavy week

Investors in London will pore over a raft of British economic data next week as the latest earnings season winds down. London's benchmark FTSE 100 index of leading share prices finished at 5,847.11 points on Friday, up 1.0 percent from a week earlier. Nex
Published 13 Aug, 2012 12:00am
Latam FX to gain on hopes of eurozone crisis fix

Latam FX to gain on hopes of eurozone crisis fix

Hopes of a massive policy response to the euro zone debt crisis will likely push most Latin American currencies further up in coming months, a Reuters poll showed on Wednesday. But forecasts from the 44 analysts surveyed world-wide were spread over a wide
Published 13 Aug, 2012 12:00am
Brazil bourse has more staying power than economy

Brazil bourse has more staying power than economy

Brazil's stock exchange has more staying power than the country's flagging economy. BM&FBovespa has been hit by delistings and a dearth of IPOs this year. Rival exchanges may soon arrive, too. But Bovespa has a lock on other business while expanding elsew
Published 13 Aug, 2012 12:00am
Lehman's Archstone files for IPO of up to $100 million

Lehman's Archstone files for IPO of up to $100 million

Archstone Inc, the apartment owner and developer owned by Lehman Brothers Holdings Inc, filed with US regulators on Friday to raise up to $100 million in an initial public offering. The company owns or has an interest in 181 US apartment communities with
Published 13 Aug, 2012 12:00am
Tokyo shares seen Rangebound

Tokyo shares seen Rangebound

Tokyo stocks are seen moving in a tight range next week as investors adjust their positions following rebounds in recent sessions during the summer holiday season, analysts said. In the week to August 9, the benchmark Nikkei 225 index advanced 3.93 percen
Published 13 Aug, 2012 12:00am
Wall Street week ahead: bulls, bears and wallflowers

Wall Street week ahead: bulls, bears and wallflowers

It's another one of those moments that always follow a big move in the stock market: Either you're a believer - or you're not. Right now, the market has its fair share of both. The S&P 500 is up 12 percent so for this year. Through July, it had its best f
Published 13 Aug, 2012 12:00am
European funds slash equities, increase US assets

European funds slash equities, increase US assets

European fund managers slashed their holdings of equities further in July, preferring the safety of cash and increasing their exposure to US assets as a shield against the euro zone debt crisis, a recent Reuters poll showed.
Published 13 Aug, 2012 12:00am
European funds slash equities, increase US assets

European funds slash equities, increase US assets

European fund managers slashed their holdings of equities further in July, preferring the safety of cash and increasing their exposure to US assets as a shield against the euro zone debt crisis, a recent Reuters poll showed.
Published 13 Aug, 2012 12:00am
Bond comeback no easy feat for Spanish corporates

Bond comeback no easy feat for Spanish corporates

Spanish corporates are itching to return to the bond market, but bankers say it's not clear investors want to buy debt in Spain - or that companies will want to pay the price to sell it. Heavyweights including Telefonica and utility Iberdrola are keen to
Published 13 Aug, 2012 12:00am
Bond comeback no easy feat for Spanish corporates

Bond comeback no easy feat for Spanish corporates

Spanish corporates are itching to return to the bond market, but bankers say it's not clear investors want to buy debt in Spain - or that companies will want to pay the price to sell it. Heavyweights including Telefonica and utility Iberdrola are keen to
Published 13 Aug, 2012 12:00am
Global markets week ahead: peeking out from the bunkers

Global markets week ahead: peeking out from the bunkers

Global investors hunkered down in the bunkers of world markets have made their first tentative moves to re-emerge blinking into the sunlight even though the coast is still far from clear.
Published 13 Aug, 2012 12:00am
Thousands evacuated in Spain forest fires

Thousands evacuated in Spain forest fires

More than 4,000 people have been evacuated from their homes in Spain's Canary Islands because of forest fires that are difficult to control due to a heatwave and strong winds, authorities said on Sunday.
Published 13 Aug, 2012 12:00am
All threats 'dwarfed' by Iran nuclear work: Israel Prime Minister

All threats 'dwarfed' by Iran nuclear work: Israel Prime Minister

Prime Minister Benjamin Netanyahu said on Sunday that most threats to Israel's security were "dwarfed" by the prospect of Iran obtaining nuclear weaponry, which local media reports charged Tehran had stepped up its efforts to achieve.
Published 13 Aug, 2012 12:00am
Egypt forces fight Sinai militants, five dead

Egypt forces fight Sinai militants, five dead

Egyptian soldiers killed five Islamist militants after storming their hideout near the border with Israel on Sunday, the latest action in an army campaign to reimpose authority on the region, security sources and eyewitnesses said.
Published 13 Aug, 2012 12:00am
Romney vows US comeback at North Carolina stump

Romney vows US comeback at North Carolina stump

Mitt Romney and his new runningmate Paul Ryan took a re-energised Republican presidential campaign to North Carolina Sunday, vowing to fix the US economy and restore American strength. "I've got good news for you. And that is that this nation is going to
Published 13 Aug, 2012 12:00am
Swedish prince attacked outside French night-club

Swedish prince attacked outside French night-club

Swedish Prince Carl Philip was attacked by an unidentified assailant outside a nightclub in Cannes, on the French Riviera, a palace spokesman said Sunday. "An unknown assailant hit him without provocation early Saturday," spokesman Bertil Ternert told dpa
Published 13 Aug, 2012 12:00am
Israel tests SMS missile alerts as Iran chatter grows

Israel tests SMS missile alerts as Iran chatter grows

Israel on Sunday began testing an SMS system for warning the public of an imminent missile attack as chatter over a possible strike on Iran dominated the Israeli press headlines.
Published 13 Aug, 2012 12:00am
Suu Kyi meets Myanmar president

Suu Kyi meets Myanmar president

Myanmar opposition leader Aung San Suu Kyi held talks with the country's president on Sunday in their first official meeting since she took up her role as a member of parliament. The democracy champion met Myanmar leader Thein Sein in the capital Naypyida
Published 13 Aug, 2012 12:00am
PKK-linked group says it attacked Turkish army bus

PKK-linked group says it attacked Turkish army bus

A group connected to the separatist militant Kurdistan Workers Party (PKK) has claimed responsibility for an attack last Thursday on a Turkish military bus that killed two soldiers and injured 12 people. The Kurdistan Freedom Hawks (TAK) said in a stateme
Published 13 Aug, 2012 12:00am
Bangladesh minister accuses Yunus of campaigning against country

Bangladesh minister accuses Yunus of campaigning against country

Bangladesh Finance Minister A.M.A. Muhith on Sunday accused the Nobel Peace Prize winner and microfinance pioneer Muhammad Yunus of waging a "harmful campaign" against the country. The comments came a week after the United States expressed deep concern ab
Published 13 Aug, 2012 12:00am
UN chief launches new initiative to protect oceans

UN chief launches new initiative to protect oceans

The UN chief Sunday announced an initiative to protect oceans from pollution and over-fishing and to combat rising sea levels which threaten hundreds of millions of the world's people.
Published 13 Aug, 2012 12:00am
More than 20 arrested over Mumbai violence

More than 20 arrested over Mumbai violence

Police in Mumbai have arrested more than 20 people in connection with violence that erupted at a rally in which two people were killed and dozens injured, reports said Sunday. Protesters had gathered Saturday to condemn deadly sectarian clashes in India's
Published 13 Aug, 2012 12:00am
Strong quake jolts western China: seismologists

Strong quake jolts western China: seismologists

A shallow 6.3-magnitude earthquake shook a remote area of China's western region of Xinjiang, near the border with Tibet, on Sunday, the US Geological Survey said. It was not immediately clear if there was any damage or casualties and rescue teams had bee
Published 13 Aug, 2012 12:00am
New tax return forms likely to be notified today

New tax return forms likely to be notified today

The Federal Board of Revenue (FBR) has decided to issue a new sales tax and federal excise return form (2012-2013) for the business community, bringing it in line with changes made through the Finance Act of 2012. Sources told Business Recorder on
Published 13 Aug, 2012 12:00am
Two boys drown

Two boys drown

Two boys drowned to death in a Nullah in the Karani road area on Sunday. Police said that 14-year-old Sharif Hussain and 12-year-old Ali Jan were playing on the brink of Karani Nullah when suddenly they fell into the Nullah and drowned into deep water. Th
Published 13 Aug, 2012 12:00am
Kausar urges lawyers to play their role

Kausar urges lawyers to play their role

Khyber Pakhtunkhwa Governor, Barrister Masood Kausar has stressed the need for more effective and efficient role of lawyers' community to promote awareness amongst the people towards their socio-economic uplift and guide them towards ensuring their better
Published 13 Aug, 2012 12:00am
International Youth Day celebrated

International Youth Day celebrated

Like other parts of the world, the United Nations' (UN) International Youth Day was observed in Pakistan on Sunday to recognise the contributions of youth to a global society. The theme of International Youth Day 2012 was "Building a Better World: Partner
Published 13 Aug, 2012 12:00am
Grain, seeds prices depict a sharply rising trend

Grain, seeds prices depict a sharply rising trend

Water crisis is imminent in many parts of world , Met in Pakistan has also warned about drought and making use of every drop of rains. Along with this some districts have suffered floods, initially reported to have nurtured the standing crops. Eid shoppin
Published 13 Aug, 2012 12:00am
Bilawal House rejects survey reports

Bilawal House rejects survey reports

The spokesman of the Bilawal House, Aijaz Durrani, has dismissed the so-called survey reports by certain vested interests pertaining to the voting trends in the next general elections. In a statement here on Sunday he made it clear that the destiny of the
Published 13 Aug, 2012 12:00am
Three injured Grenade hurled at shop for refusal to pay extortion

Three injured Grenade hurled at shop for refusal to pay extortion

At least three people were injured when unidentified men riding a motorcycle hurled a 'hand grenade' at a timber shop in timber market near UP More in North Karachi area. The injured were taken to Abbasi Shaheed Hospital for medical treatment. Following t
Published 13 Aug, 2012 12:00am
KU extends date of submission of semester fee

KU extends date of submission of semester fee

University of Karachi has extended the last date of submission of semester fee for 3rd, 5th, 7th and 9th semester till August 31st 2012 with a late fee of Rs 1000. Students can submit the fee in the Karachi University branch of UBL and National Bank. Stud
Published 13 Aug, 2012 12:00am
Two gunned down in Karachi

Two gunned down in Karachi

At least two people including an activist of Sunni Tahreek were gunned down in separate incidents in the city on Sunday. In fist incident, an activist of the Sunni Tehreek was shot dead by unknown armed men in the limits of New Karachi police station. The
Published 13 Aug, 2012 12:00am
Hindus migration drama staged to malign Pakistan: JI chief

Hindus migration drama staged to malign Pakistan: JI chief

Jamaat-i-Islami Ameer, Syed Munawwar Hasan, has said that the drama of Hindus' migration to India from Sindh "because of insecurity" had been staged to malign the country in the world and the country's media had played a highly irresponsible role in that.
Published 13 Aug, 2012 12:00am
All national domains usurped: Altaf calls for efforts to 'save Pakistan'

All national domains usurped: Altaf calls for efforts to 'save Pakistan'

Every domain in Pakistan, including national sovereignty, has been usurped, Chief of Muttahida Quami Movement (MQM) Altaf Hussain said on Sunday. He was addressing the start ceremony of an annual assistance program by a charity organisation - Khidmat-e-Kh
Published 13 Aug, 2012 12:00am
PIA announces Hajj operation's schedule

PIA announces Hajj operation's schedule

Pakistan International Airline (PIA) has announced schedule of Hajj operation, a private TV channel reported on Sunday. According to the channel, the first Hajj flight will take off from Karachi on September 19 while flights would also be operated from La
Published 13 Aug, 2012 12:00am
Two killed, one injured in firing incident

Two killed, one injured in firing incident

Two people were killed while another injured in an armed clash between two rival groups in the limit of Donga Bonga police station on Sunday. According to police, Irshad Gujjar group of Chak Sed Sr Akanwali attempted to abduct a girl of rival Ashraf Gujja
Published 13 Aug, 2012 12:00am
Independence Day preparations take a healthy turn in KP, FATA

Independence Day preparations take a healthy turn in KP, FATA

Like elsewhere in the country, preparations for Independence Day celebrations have also reached to its peak in Khyber Pakthunkhwa and Federally Administered Tribal Areas (FATA) where people are being found busy in decorating their houses and vehicles with
Published 13 Aug, 2012 12:00am
Nawaz sad over losses in Iran earthquake

Nawaz sad over losses in Iran earthquake

PML-N chief Nawaz Sharif on Sunday expressed grief over the loss of lives in an earthquake in Tebraiz, Iran. He said that people of Pakistan stood with their Iranian brethren in this hour of trial.
Published 13 Aug, 2012 12:00am
CDA to hold colourful events on Independence Day

CDA to hold colourful events on Independence Day

Capital Development Authority (CDA) has made comprehensive arrangements for celebrating the Independence Day in the federal capital at Fatima Jinnah F-9 Park with colourful events and display of fireworks.
Published 13 Aug, 2012 12:00am
One killed in landmine blast

One killed in landmine blast

One personnel has been killed and two others were injured in a landmine blast in Dera Bugti on Sunday. Levies sources said that a vehicle carrying personnel was on way in Phelawagh area when it hit a landmine which exploded. Resultantly, one personnel was
Published 13 Aug, 2012 12:00am
SBP urged to further bring down interest rate

SBP urged to further bring down interest rate

Business community has strongly demanded that the State Bank of Pakistan should bring down the mark up rate to single digit in the national interest, because high mark up rates are yielding negative impact over investment, industrialisation and national e
Published 13 Aug, 2012 12:00am
Man dies in firing

Man dies in firing

Unknown armed men gunned down a man here at Shaikh Manda area of the provincial capital. Police said on Sunday the victim identified as Abdullah was on his way home when armed assailants opened fire on him and fled from the scene.
Published 13 Aug, 2012 12:00am
APML for protection of minorities' rights

APML for protection of minorities' rights

All Pakistan Muslim League (APML) has urged the federal and provincial governments to take measures to ensure the protection of minorities and law and order in the country. In a statement issued here on Sunday from the Central Secretariat of the party, Ce
Published 13 Aug, 2012 12:00am
Daniyal Aziz terms delay of LG election a violation

Daniyal Aziz terms delay of LG election a violation

Daniyal Aziz, the former chief of the Musharraf-era National Reconstruction Bureau (NRB), has termed "the provincial government's disregard of the Sindh High Court' as ruling regarding the holding of local bodies election in 90 days" a clear case of conte
Published 13 Aug, 2012 12:00am
Massive blaze hits east London; Olympics are safe

Massive blaze hits east London; Olympics are safe

Fire-fighters battled a massive blaze at an east London recycling center Sunday as the city prepared for the closing ceremony of the Olympics. Officials said the blaze was the biggest they'd seen in the city for years, but that the games would in no way b
Published 13 Aug, 2012 12:00am
Massive blaze hits east London; Olympics are safe

Massive blaze hits east London; Olympics are safe

Fire-fighters battled a massive blaze at an east London recycling center Sunday as the city prepared for the closing ceremony of the Olympics. Officials said the blaze was the biggest they'd seen in the city for years, but that the games would in no way b
Published 13 Aug, 2012 12:00am
Italy''s cash-strapped budget airline Windjet halts flights

Italy''s cash-strapped budget airline Windjet halts flights

Italy''s beleaguered budget airline Windjet stopped operations Sunday as aviation authority ENAC appeared set to revoke its operating licence and stranded passengers overnight at Rome''s Fiumicino airport. The carrier formally stopped all flights at midni
Published 13 Aug, 2012 12:00am
Italy's cash-strapped budget airline Windjet halts flights

Italy's cash-strapped budget airline Windjet halts flights

Italy's beleaguered budget airline Windjet stopped operations Sunday as aviation authority ENAC appeared set to revoke its operating licence and stranded passengers overnight at Rome's Fiumicino airport. The carrier formally stopped all flights at midnigh
Published 13 Aug, 2012 12:00am
Italy's cash-strapped budget airline Windjet halts flights

Italy's cash-strapped budget airline Windjet halts flights

Italy's beleaguered budget airline Windjet stopped operations Sunday as aviation authority ENAC appeared set to revoke its operating licence and stranded passengers overnight at Rome's Fiumicino airport. The carrier formally stopped all flights at midnigh
Published 13 Aug, 2012 12:00am
Government, NTDC not serious towards payment: IPPs

Government, NTDC not serious towards payment: IPPs

Eight Independent Power Producers (IPPs) that are in litigations for their rights in the superior court are dismayed that the National Transmission and Dispatch Company (NTDC) and the federal government are not serious in paying their outstanding dues and
Published 13 Aug, 2012 12:00am
Government, NTDC not serious towards payment: IPPs

Government, NTDC not serious towards payment: IPPs

Eight Independent Power Producers (IPPs) that are in litigations for their rights in the superior court are dismayed that the National Transmission and Dispatch Company (NTDC) and the federal government are not serious in paying their outstanding dues and
Published 13 Aug, 2012 12:00am
Government, NTDC not serious towards payment: IPPs

Government, NTDC not serious towards payment: IPPs

Eight Independent Power Producers (IPPs) that are in litigations for their rights in the superior court are dismayed that the National Transmission and Dispatch Company (NTDC) and the federal government are not serious in paying their outstanding dues and
Published 13 Aug, 2012 12:00am
Iran death toll reaches 300

Iran death toll reaches 300

Overcrowded hospitals in north-west Iran struggled to cope with thousands of earthquake victims on Sunday as rescuers raced to reach remote villages after two powerful quakes killed nearly 300 people. Thousands huddled in makeshift camps or slept in the s
Published 13 Aug, 2012 12:00am
Iran death toll reaches 300

Iran death toll reaches 300

Overcrowded hospitals in north-west Iran struggled to cope with thousands of earthquake victims on Sunday as rescuers raced to reach remote villages after two powerful quakes killed nearly 300 people. Thousands huddled in makeshift camps or slept in the s
Published 13 Aug, 2012 12:00am
Saudi Arabia gives $50 million aid to Myanmar Muslims

Saudi Arabia gives $50 million aid to Myanmar Muslims

Saudi Arabia's King Abdullah has ordered $50 million in aid be sent to a Muslim minority in Myanmar which a human rights group said has been targeted by the authorities since sectarian riots in June. A report on the Saudi state news agency said the Rohing
Published 13 Aug, 2012 12:00am
Saudi Arabia gives $50 million aid to Myanmar Muslims

Saudi Arabia gives $50 million aid to Myanmar Muslims

Saudi Arabia's King Abdullah has ordered $50 million in aid be sent to a Muslim minority in Myanmar which a human rights group said has been targeted by the authorities since sectarian riots in June. A report on the Saudi state news agency said the Rohing
Published 13 Aug, 2012 12:00am
Bangladesh jails 124 sportsmen over 2009 mutiny

Bangladesh jails 124 sportsmen over 2009 mutiny

More than 120 Bangladeshi sportsmen including top internationals were jailed Sunday for their role in a bloody 2009 mutiny, a prosecutor said, part of the largest trial in the country's history. Fifty-seven senior army officers were killed during an upris
Published 13 Aug, 2012 12:00am
Bangladesh jails 124 sportsmen over 2009 mutiny

Bangladesh jails 124 sportsmen over 2009 mutiny

More than 120 Bangladeshi sportsmen including top internationals were jailed Sunday for their role in a bloody 2009 mutiny, a prosecutor said, part of the largest trial in the country's history. Fifty-seven senior army officers were killed during an upris
Published 13 Aug, 2012 12:00am
Syrian rebels need no-fly zone: opposition leader

Syrian rebels need no-fly zone: opposition leader

Syrian rebels fighting to oust President Bashar al-Assad need the protection of foreign-guarded no-fly zones and safe havens near the borders with Jordan and Turkey, a Syrian opposition leader said on Sunday. Battles raged on in the northern city of Alepp
Published 13 Aug, 2012 12:00am
Syrian rebels need no-fly zone: opposition leader

Syrian rebels need no-fly zone: opposition leader

Syrian rebels fighting to oust President Bashar al-Assad need the protection of foreign-guarded no-fly zones and safe havens near the borders with Jordan and Turkey, a Syrian opposition leader said on Sunday. Battles raged on in the northern city of Alepp
Published 13 Aug, 2012 12:00am
Roadside bomb kills Afghan governor and tribal elder

Roadside bomb kills Afghan governor and tribal elder

An Afghan district governor, his bodyguard and a tribal elder were killed Sunday when a roadside bomb struck their vehicle in eastern Afghanistan. "Faridullah Neyazi, the governor for Alisheng district of Laghman province, was heading towards his office t
Published 13 Aug, 2012 12:00am
Roadside bomb kills Afghan governor and tribal elder

Roadside bomb kills Afghan governor and tribal elder

An Afghan district governor, his bodyguard and a tribal elder were killed Sunday when a roadside bomb struck their vehicle in eastern Afghanistan. "Faridullah Neyazi, the governor for Alisheng district of Laghman province, was heading towards his office t
Published 13 Aug, 2012 12:00am
Bomb kills three soldiers in Waziristan

Bomb kills three soldiers in Waziristan

A remote-controlled bomb attack on Sunday killed three soldiers in Waziristan district. Pakistan security officials said the bomb targeted a military convoy which was moving from Mirali town to Miranshah, the main town of North Waziristan tribal district.
Published 13 Aug, 2012 12:00am
Bomb kills three soldiers in Waziristan

Bomb kills three soldiers in Waziristan

A remote-controlled bomb attack on Sunday killed three soldiers in Waziristan district. Pakistan security officials said the bomb targeted a military convoy which was moving from Mirali town to Miranshah, the main town of North Waziristan tribal district.
Published 13 Aug, 2012 12:00am
London bids farewell, US top of the world

London bids farewell, US top of the world

London said farewell to the Olympic Games on Sunday with a high-octane romp through British pop music, bringing the curtain down on more than two weeks of action at the end of which the United States topped the sporting world with 46 gold medals.
Published 13 Aug, 2012 12:00am
London bids farewell, US top of the world

London bids farewell, US top of the world

London said farewell to the Olympic Games on Sunday with a high-octane romp through British pop music, bringing the curtain down on more than two weeks of action at the end of which the United States topped the sporting world with 46 gold medals.
Published 13 Aug, 2012 12:00am
UAE's FAL Oil to hire restructuring officer for debt talks

UAE's FAL Oil to hire restructuring officer for debt talks

Middle East trader FAL Oil, in talks with creditors on $700 million in debt, is on the cusp of hiring a chief restructuring officer to keep the faltering discussions on track, sources familiar with the matter said on Sunday.
Published 13 Aug, 2012 12:00am
US offers help to Iran after earthquake

US offers help to Iran after earthquake

The United States on Sunday offered help and condolences to the people of Iran over a double earthquake that claimed 227 lives and injured more than 1,000 others. "The American people send the Iranian people our deepest condolences for the loss of life in
Published 13 Aug, 2012 12:00am
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