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Print - 2012-08-25
Greenpeace activists climb Russian Arctic oil platform

Greenpeace activists climb Russian Arctic oil platform

Six activists from Greenpeace scaled a Gazprom oil platform on Friday to protest against the Russian energy giant's Arctic drilling plans and were sprayed with icy water in an effort to chase them away, the environmental group said. The activists, includi
Published 25 Aug, 2012 12:00am
UK second quarter recession shallower than thought despite trade drag

UK second quarter recession shallower than thought despite trade drag

Britain's economy shrank less than first thought in the second quarter despite a hefty drag from trade, but the wider picture of economic weakness was little changed, data on Friday showed. Second quarter output fell 0.5 percent, compared to an initial es
Published 25 Aug, 2012 12:00am
Public-private firm to run: Rio airport

Public-private firm to run: Rio airport

The Brazilian government has called off the privatisation of Rio's Galeao international airport and will instead rely on a public-private entity to run it, according to Rio state governor Sergio Cabral. Cabral told the O Globo daily Friday that President
Published 25 Aug, 2012 12:00am
Fed has scope to provide more stimulus: Bernanke

Fed has scope to provide more stimulus: Bernanke

The Federal Reserve has room to deliver additional monetary stimulus to boost the US economy, Fed Chairman Ben Bernanke told a Congressional oversight panel in a letter. "There is scope for further action by the Federal Reserve to ease financial condition
Published 25 Aug, 2012 12:00am
BoJ governor warns of China slowdown, yen rise pain

BoJ governor warns of China slowdown, yen rise pain

Bank of Japan Governor Masaaki Shirakawa on Friday warned of a possible delay in China's economic pickup and a strong yen that could add pain to Japan's economic recovery, signalling the bank's readiness to offer monetary stimulus if risks heighten furthe
Published 25 Aug, 2012 12:00am
India's government appeals for end to parliament deadlock

India's government appeals for end to parliament deadlock

India's government appealed on Friday to opposition lawmakers to "allow parliament to function" as it denied accusations that it had lost billions of dollars by giving away coal fields. The main opposition Bharatiya Janata Party (BJP) is insisting it will
Published 25 Aug, 2012 12:00am
Japan resumes US beef exports after two-year halt

Japan resumes US beef exports after two-year halt

Japan said Friday it has resumed beef exports to the United States after shipments were suspended two years ago following an outbreak of foot-and-mouth disease in Japanese cows. Japan's southern Miyazaki prefecture, an agricultural hub known for livestock
Published 25 Aug, 2012 12:00am
Australia frets over economy as resource boom fades

Australia frets over economy as resource boom fades

Australia's top central banker said on Friday it was too soon to call an end to the country's once-in-a-century mining boom, intensifying debate over the outlook for the resource-rich economy as miners shelve expansion plans and take-over deals. Fuelled b
Published 25 Aug, 2012 12:00am
India sets up investment panel as FDI slumps 78 percent

India sets up investment panel as FDI slumps 78 percent

India's government on Friday set up a panel to suggest ways to improve the climate for doing business in the country as figures showed foreign direct investment in India slid by 78 percent in June. The committee, headed by former Securities and Exchange B
Published 25 Aug, 2012 12:00am
Russia's MTS fights to save $1bn Uzbek business

Russia's MTS fights to save $1bn Uzbek business

Russia's top mobile phone company MTS says it has fallen prey to a "classic shakedown" in Uzbekistan but still hopes to save its $1 billion business after losing its operating licence in the Central Asian state. First, however, the authorities should rele
Published 25 Aug, 2012 12:00am
Spain extends life of aid for jobless

Spain extends life of aid for jobless

Spain's government Friday agreed to extend the life of a 400-euro ($500) monthly payment for jobless people whose unemployment benefits come to an end. The aid, which had been due to expire August 15, will be extended for six months - crucial in a nation
Published 25 Aug, 2012 12:00am
US business spending plans hint at factory weakness

US business spending plans hint at factory weakness

US businesses cut back on their spending plans for a second straight month in July, suggesting slower growth ahead for the factory sector. The data from the Commerce Department on Friday underscored the toll on the US economy from the uncertainty spawned
Published 25 Aug, 2012 12:00am
Nikkei average retreats

Nikkei average retreats

Japan's Nikkei average shed 1.2 percent on Friday, retreating from Thursday's three-month closing high as investors locked in gains as expectations for quick stimulus measures from the US Federal Reserve began to dim. Speaking separately over the past day
Published 25 Aug, 2012 12:00am
Friday's early afternoon trade: stocks climb on ECB news, Bernanke

Friday's early afternoon trade: stocks climb on ECB news, Bernanke

US stocks rose on Friday on news that the European Central Bank is considering setting yield band targets in a new bond- buying program that could help contain borrowing costs for Greece, Spain and other debt-laden euro-zone countries. Further boosting in
Published 25 Aug, 2012 12:00am
Wall Street falls as Fed doubts knock equities

Wall Street falls as Fed doubts knock equities

US stocks fell on Thursday as expectations for quick stimulus action from the Federal Reserve faded and Chinese and euro zone data pointed to a stalling global economy. Each of the 10 major S&P sectors finished in negative territory, with the economically
Published 25 Aug, 2012 12:00am
Southeast Asian stocks mostly down

Southeast Asian stocks mostly down

Most Southeast Asian stock indices ended lower on Friday as doubts about possible stimulus by the US Federal Reserve prompted a broad sell-off, while Vietnam snapped a three-day losing streak as support from regulators eased concerns of banking risks. The
Published 25 Aug, 2012 12:00am
Yields fall as traders up bets on new Fed purchases

Yields fall as traders up bets on new Fed purchases

US government debt prices rose on Thursday as traders bet on more stimulus from the Federal Reserve, after minutes from its last policy meeting showed that action might be imminent in a bid to reduce unemployment. Weaker Chinese factory data and worries a
Published 25 Aug, 2012 12:00am
Yields fall as traders up bets on new Fed purchases

Yields fall as traders up bets on new Fed purchases

US government debt prices rose on Thursday as traders bet on more stimulus from the Federal Reserve, after minutes from its last policy meeting showed that action might be imminent in a bid to reduce unemployment. Weaker Chinese factory data and worries a
Published 25 Aug, 2012 12:00am
South Korean shares hit two-week low

South Korean shares hit two-week low

South Korean shares fell to a two-week closing low on Friday as investors grew doubtful about stimulus measures from the US Federal Reserve anytime soon and concerns about global growth returned to the fore. Stock and currency markets were cheered earlier
Published 25 Aug, 2012 12:00am
European shares up on ECB yield band report

European shares up on ECB yield band report

European shares closed fractionally higher on Friday after staging a late bounce when European Central Bank sources told Reuters the ECB was considering setting yield band targets. The move will be part of a new bond-buying programme aimed at keeping the
Published 25 Aug, 2012 12:00am
Indian shares slip

Indian shares slip

Indian shares fell on Friday led by lenders such as ICICI Bank after the central bank again indicated reluctance to ease interest rates despite slowing economic growth, although indexes still posted a fourth consecutive weekly gain. The Reserve Bank of In
Published 25 Aug, 2012 12:00am
FTSE recovers to end flat on hopes for ECB action

FTSE recovers to end flat on hopes for ECB action

Britain's blue-chip share index recovered in late trading on Friday to end flat after sources said the European Central Bank was considering setting yield band targets under a proposed bond buying programme, while bid rumours helped Marks & Spencer. The p
Published 25 Aug, 2012 12:00am
Australian and New Zealand dollars nurse losses

Australian and New Zealand dollars nurse losses

The Australian and New Zealand dollars were pinned near six-week lows on the euro on Friday as investors continued to pare short euro positions, putting both currencies on track to end the week nursing hefty losses. The euro powered up to A$1.2047 and NZ$
Published 25 Aug, 2012 12:00am
Yuan down, one-year implied volatilities hit four-year low

Yuan down, one-year implied volatilities hit four-year low

The yuan ended slightly lower against the dollar on Friday while the annual moving average of the benchmark offshore one-year implied volatilities hit their lowest level since early 2008, indicating the market is building a consensus on the Chinese unit's
Published 25 Aug, 2012 12:00am
Euro eases versus dollar in Asia

Euro eases versus dollar in Asia

The euro eased versus the dollar on Friday but still hovered near a 7-week high hit the previous day, its downside seen limited in the near term by the potential for the further unwinding of euro short positions. The euro, which rose after Fed minutes on
Published 25 Aug, 2012 12:00am
Euro retreats in London

Euro retreats in London

The euro eased against the dollar on Friday as some investors took profits on Thursday's rally to a seven-week high, although lingering optimism that policymakers are edging closer to tackling the debt crisis are likely to check losses. Sources told Reute
Published 25 Aug, 2012 12:00am
Early trade in New York: Euro slips versus dollar in volatile session

Early trade in New York: Euro slips versus dollar in volatile session

The euro fell against the dollar in a volatile session on Friday after Thursday's rally to a seven-week high as investors debated the currency's outlook and how close policymakers are in coming up with a plan to tackle the European debt crisis.
Published 25 Aug, 2012 12:00am
Euro hits seven-week high

Euro hits seven-week high

The euro rose for a fourth straight day against the dollar on Thursday to hit a seven-week high on a report that Spain is negotiating with the eurozone over conditions for aid, though a final decision to request a bailout has not been made.
Published 25 Aug, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell on Friday, snapping four sessions of gains, as profit-booking hit global risk assets and as hopes of substantive policy reforms faded as a political deadlock continued in parliament. Dealers said bunched up dollar-demand was seen fro
Published 25 Aug, 2012 12:00am
Asian forex: Fading stimulus hopes spur profit-taking

Asian forex: Fading stimulus hopes spur profit-taking

Emerging Asian currencies fell on Friday as investors scaled back expectations of a strong stimulus from the US Federal Reserve and booked profits from gains made this week. The South Korean won declined the most as traders increased their dollar holdings
Published 25 Aug, 2012 12:00am
Swiss franc off peak versus dollar

Swiss franc off peak versus dollar

The Swiss franc on Friday traded just below the previous session's 7-week high against the greenback, which has come under pressure due to expectations of more policy easing in the United States. The franc fell 0.1 percent against the dollar to trade at 0
Published 25 Aug, 2012 12:00am
Sterling slips versus dollar

Sterling slips versus dollar

Sterling fell against the dollar on Friday after revised UK GDP figures pointed to a shallower recession in line with expectations, wrongfooting some market players who had expected an even smaller downturn. The gross domestic product figures showed the U
Published 25 Aug, 2012 12:00am
Football training camp opens from tomorrow

Football training camp opens from tomorrow

As many as 25 football players of Pakistan are participating in the national training camp being held here at Pakistan Football Federation (PFF) House from August 26 to September 1. The training camp has been established as a part of preparations for prop
Published 25 Aug, 2012 12:00am
Ashwin, Ojha put New Zealand in spin

Ashwin, Ojha put New Zealand in spin

Ravichandran Ashwin grabbed three quick wickets as India gained the upper hand on the second day of the opening Test against New Zealand in Hyderabad on Friday. Off-spinner Ashwin took 3-30 and left-arm spinner Pragyan Ojha bagged two wickets as New Zeala
Published 25 Aug, 2012 12:00am
Mohammad Akram named as Pakistan's bowling coach

Mohammad Akram named as Pakistan's bowling coach

Pakistan appointed former paceman Mohammad Akram as their bowling coach on Friday on a one-year contract as they seek to build on a solid run in international cricket. The 37-year-old replaces another former fast bowler, Aaqib Javed, who left the job in M
Published 25 Aug, 2012 12:00am
Pietersen to be TV pundit for World Twenty20

Pietersen to be TV pundit for World Twenty20

Axed England batsman Kevin Pietersen will work as a television pundit during next month's World Twenty20, raising the prospect of him commenting on his estranged former teammates, the event's broadcaster said on Friday. The South Africa-born star was drop
Published 25 Aug, 2012 12:00am
Barca take control of Super Cup

Barca take control of Super Cup

Pedro, Lionel Messi and Xavi scored for holders Barcelona who came back to beat Real Madrid 3-2 at home in the Spanish Super Cup first leg on Thursday. La Liga champions Real struck first when Cristiano Ronaldo headed home in the 55th minute, only for Ped
Published 25 Aug, 2012 12:00am
Clarke confident Australia will get back to top

Clarke confident Australia will get back to top

Michael Clarke on Friday said he was confident that Australia can regain the top spot if they play well after slipping to fourth in the world one-day rankings for the first time in three years. The four-time world champions begin their quest to regain the
Published 25 Aug, 2012 12:00am
Bolt cruises, Blake storms to landmark 100m win

Bolt cruises, Blake storms to landmark 100m win

Usain Bolt eased to victory in the 200m at the Lausanne Diamond League meeting on Thursday as Jamaican team-mate Yohan Blake became the second fastest 100m performer of all time. Bolt, fresh from his second successive triple gold haul at the Olympics, too
Published 25 Aug, 2012 12:00am
England-South Africa first ODI abandoned

England-South Africa first ODI abandoned

Rain saw the first one-day international between England and South Africa abandoned after rain meant only 5.3 overs were possible in Cardiff on Friday. The five-match series continues in Southampton on Tuesday.
Published 25 Aug, 2012 12:00am
Moscow fans racially abuse Anzhi players

Moscow fans racially abuse Anzhi players

The head of the violence-plagued Dagestan region on Friday appealed to the Russian people to fight nationalism and racism a day after Anzhi Makhachkala supporters were attacked by Moscow fans following a Europa League match marred by crowd trouble. "While
Published 25 Aug, 2012 12:00am
Afghanistan braced for dream clash with Australia

Afghanistan braced for dream clash with Australia

Fast-rising Afghanistan will open another chapter in their remarkable story when they play their first one-day international against former world champions Australia on Saturday. War-torn Afghanistan, who gained affiliate membership from the International
Published 25 Aug, 2012 12:00am
Lance Armstrong stripped of Tour titles and banned

Lance Armstrong stripped of Tour titles and banned

Iconic US cyclist Lance Armstrong was officially branded a drugs cheat Friday by the US Anti-Doping Agency as it stripped him of his record seven Tour de France titles. Armstrong was also banned from cycling for life by the agency, which said his decision
Published 25 Aug, 2012 12:00am
Japan anti-nuke activists protest in Tokyo

Japan anti-nuke activists protest in Tokyo

More than a thousand people protested outside the Japanese prime minister's residence in Tokyo on Friday calling for an end to nuclear power after last year's Fukushima atomic crisis. The rally, which has become a weekly event in recent months, came two d
Published 25 Aug, 2012 12:00am
German model claims pregnant by Berlusconi

German model claims pregnant by Berlusconi

A German starlet said in an interview published on Friday that was pregnant by former Italian prime minister Silvio Berlusconi but later told a popular blogger she had suffered a miscarriage. Asked by investigative daily Il Fatto Quotidiano about the rumo
Published 25 Aug, 2012 12:00am
Haiti hunkers down as Tropical Storm Isaac looms

Haiti hunkers down as Tropical Storm Isaac looms

Haiti braced Friday as Tropical Storm Isaac roars toward it with rains and high winds that could wreak havoc for people still living in makeshift shelters after a devastating 2010 earthquake. Some 400,000 people still live in temporary tent camps followin
Published 25 Aug, 2012 12:00am
China returns refugees to Kachin war zone

China returns refugees to Kachin war zone

China has pushed thousands of refugees from Myanmar's Kachin minority back across the border into a province wracked by fighting between government troops and ethnic guerillas, the rebels said Friday. Around 2,000 Kachin refugees have returned from China'
Published 25 Aug, 2012 12:00am
North Korea agrees to receive South flood aid

North Korea agrees to receive South flood aid

North Korea agreed Friday to receive an unspecified amount of wheat and medicine in aid from South Korean private groups despite high cross-border tension, activists said. The agreement came at talks between South Korean activists and North Korean officia
Published 25 Aug, 2012 12:00am
Two Thai lese majeste convicts given royal pardon

Two Thai lese majeste convicts given royal pardon

Two men were released from jail Friday after receiving pardons for insulting Thailand's revered monarchy, according to the kingdom's prison authorities. Warawut Thanangkorn, 54, an activist for the "Red Shirt" movement loyal to former prime minister Thaks
Published 25 Aug, 2012 12:00am
Philippines' first woman chief justice named

Philippines' first woman chief justice named

President Benigno Aquino on Friday named a veteran judge as the first female chief justice of the Philippine Supreme Court, following his controversial ousting of her predecessor. Supreme Court associate justice Maria Lourdes Sereno, 52, was named to take
Published 25 Aug, 2012 12:00am
India defends Internet blocking

India defends Internet blocking

India on Friday defended itself against accusations of heavy-handed online censorship, saying it had been successful in blocking content blamed for fuelling ethnic tensions. The government over the past week has ordered Internet service providers to block
Published 25 Aug, 2012 12:00am
Putin foe Kasparov acquitted of illegal protest

Putin foe Kasparov acquitted of illegal protest

Chess king turned Kremlin foe Garry Kasparov was acquitted on Friday of holding an unsanctioned protest, although he still risks jail for allegedly biting a policeman during the Pussy Riot trial. In a surprise verdict, a magistrate acquitted Kasparov, say
Published 25 Aug, 2012 12:00am
Romney makes 'birther' joke on campaign trail

Romney makes 'birther' joke on campaign trail

Republican White House hopeful Mitt Romney on Friday appeared to wade into the birther conspiracy about President Barack Obama when he made a joke about his own birth certificate. Speaking about his Michigan roots, Romney mentioned the hospitals in which
Published 25 Aug, 2012 12:00am
Fierce fighting in Syria swells refugee exodus

Fierce fighting in Syria swells refugee exodus

Syrian troops forced rebels to abandon a battered Damascus suburb on Friday in the latest battle of an intensifying civil war that the UN refugee agency said had prompted more than 200,000 people to flee the country. Hundreds of soldiers and dozens of tan
Published 25 Aug, 2012 12:00am
Four dead in Iraq attacks

Four dead in Iraq attacks

Attacks on Shias in Baghdad and north of the capital killed four people on Friday, after the conclusion of the Eid festival and as al Qaeda claimed a series of attacks earlier in the summer. In the deadliest attack, two explosions struck the predominantly
Published 25 Aug, 2012 12:00am
UN launches 'Heritage of Astronomy' portal

UN launches 'Heritage of Astronomy' portal

Observatories in Britain, France and the United States, a pharaonic temple in Egypt, a 3,000-year-old pillar in China and a 1920s tower in Berlin have been inscribed on a UN-backed heritage list for astronomy, unveiled on Friday. The Portal to the Heritag
Published 25 Aug, 2012 12:00am
Netanyahu says Iran speeding up nuclear arms quest

Netanyahu says Iran speeding up nuclear arms quest

Israeli Prime Minister Benjamin Netanyahu told a visiting US congressman on Friday that Iran was speeding up its quest for nuclear weapons in defiance of international sanctions. "Just yesterday, we received additional proof of the fact that Iran is conti
Published 25 Aug, 2012 12:00am
Vandals damage monument to Boris Yeltsin

Vandals damage monument to Boris Yeltsin

Vandals defaced one of Russia's few monuments to its first post-Soviet president Boris Yeltsin on Friday, covering it with blue paint and chipping the letters of his name on the pedestal, police in his home region in the Ural Mountains said. Yeltsin gaine
Published 25 Aug, 2012 12:00am
South Africa revives talks with miners

South Africa revives talks with miners

South Africa on Friday revived mediation efforts in its platinum belt, aiming to contain labour discontent among mineworkers following the nation's deadliest police action since apartheid. Labour Minister Mildred Oliphant met with union representatives in
Published 25 Aug, 2012 12:00am
Assange arrest: Ecuador demands 'public apology' from Britain

Assange arrest: Ecuador demands 'public apology' from Britain

Ecuador demanded a "public apology" from Britain on Friday for allegedly threatening to enter the Ecuadoran embassy in London to arrest WikiLeaks founder Julian Assange. Ecuadoran Foreign Minister Ricardo Patino condemned Britain for what he called the "a
Published 25 Aug, 2012 12:00am
Kyrgyzstan seeks to rebuild government after coalition falls

Kyrgyzstan seeks to rebuild government after coalition falls

Kyrgyzstan will attempt to form a new government within the next 15 days after its ruling coalition collapsed this week under the strain of a deepening economic crisis and corruption allegations against the prime minister. President Almazbek Atambayev wil
Published 25 Aug, 2012 12:00am
Two US embassy employees shot in Mexico

Two US embassy employees shot in Mexico

Two US embassy employees were shot and wounded when their car came under fire south of Mexico City on Friday, an official from the attorney general's office told AFP. "The two are from the US embassy," the official said on condition of anonymity, adding t
Published 25 Aug, 2012 12:00am
Disgraced Galliano stripped of France's top honour

Disgraced Galliano stripped of France's top honour

Disgraced British designer John Galliano has been stripped of the Legion d'Honneur, the top French medal he was awarded in 2009 for services to haute couture. Galliano, 51, will no longer have the right to wear the medal following its withdrawal under a d
Published 25 Aug, 2012 12:00am
Murdoch's Sun defies royals, prints naked Harry pics

Murdoch's Sun defies royals, prints naked Harry pics

Rupert Murdoch's Sun tabloid on Friday became the first British newspaper to defy the royal family by printing pictures of Prince Harry cavorting naked in Las Vegas, stoking a debate about what papers can print in the name of press freedom. While newspape
Published 25 Aug, 2012 12:00am
Two die in Empire State Building shooting

Two die in Empire State Building shooting

A disgruntled former worker at a Manhattan women's apparel shop shot a former co-worker outside the Empire State Building before being killed by police Friday. In total, two people were killed and nine had non-life threatening wounds in the horrific, but
Published 25 Aug, 2012 12:00am
US court strikes down graphic warnings for cigarettes

US court strikes down graphic warnings for cigarettes

A US appeals court on Friday struck down a law that requires tobacco companies to use graphic health warnings, such as of a man exhaling smoke through a hole in his throat. The 2-1 decision by the court in Washington, D.C., contradicts another appeals cou
Published 25 Aug, 2012 12:00am
Anti-dengue measures: all eateries to be inspected on regular basis

Anti-dengue measures: all eateries to be inspected on regular basis

The government food safety officers and food inspectors will regularly carry out checking of hotels, restaurants, marriage halls and canteens in their respective towns as sanitary conditions and contaminated water also breeds larva. This was decided at a
Published 25 Aug, 2012 12:00am
Delay in appointment of vice chancellor: FUUAST announces protest plan

Delay in appointment of vice chancellor: FUUAST announces protest plan

Teachers Association of Federal Urdu University of Science, Arts and Technology (FUUAST) have announced to stage a protest rally on unnecessary delay in appointment of Vice Chancellor and meddling of Higher Education Commission Chairman Dr Javaid Laghari.
Published 25 Aug, 2012 12:00am
Qaim nominates new PPP Kamber Shahdadkot officials

Qaim nominates new PPP Kamber Shahdadkot officials

Sindh Chief Minister, Syed Qaim Ali Shah has nominated Ejaz Ahmed Barohi as Senior Vice President and Shah Ghazi Mugheri as Deputy General Secretary of PPP District Kamber Shahdadkot. A statement issued by Peoples Secretariat Sindh here on Friday, said th
Published 25 Aug, 2012 12:00am
Rs 240 million public school being constructed in Shahdadkot

Rs 240 million public school being constructed in Shahdadkot

Sindh Minister for Food Mir Nadir Khan Magsi laid foundation stone of a public school, here at Dost Ali Road on Friday, which will benefit the people of Qambar- Shahdadkot district and other adjacent areas of Sindh and Balochistan. The public school will
Published 25 Aug, 2012 12:00am
PPP worker among eight shot dead in Karachi

PPP worker among eight shot dead in Karachi

At least eight people including a worker of Pakistan People's Party (PPP) were killed in different incidents of violence in the city on Friday, police and rescue sources said. An activist of PPP was killed at Korangi in the limits of Korangi police statio
Published 25 Aug, 2012 12:00am
Pakistanis deported from Oman interrogated

Pakistanis deported from Oman interrogated

As many as 500 Pakistanis deported from Oman were allowed to go to their homes after interrogation by the Federal Investigation Agency (FIA). The deported Pakistanis from Oman arrived at Ghass Bander, Kemari. Most of the deportees are from Mardan and vari
Published 25 Aug, 2012 12:00am
Karzai calls Zardari; extends Eid greetings

Karzai calls Zardari; extends Eid greetings

Afghan President Hamid Karzai called President Asif Ali Zardari on Friday evening and felicitated the President on Eid. The President reciprocated the gesture and conveyed greetings to the Afghan President, the Government and the people on his own behalf
Published 25 Aug, 2012 12:00am
Owners asked to vaccinate livestock

Owners asked to vaccinate livestock

Deputy Director Livestock Animal Husbandry Kamber-Shahdadkot Dr Aqil Ahmed on Friday advised all the livestock owners that they should immediately vaccinate their domestic animals/cattles and protect them from various diseases due to the monsoon rainfall
Published 25 Aug, 2012 12:00am
KPC to hold condolence meeting for Shamim, Hyderi

KPC to hold condolence meeting for Shamim, Hyderi

The Karachi Press Club (KPC) will hold a condolence meeting for its senior members- Shamim ur Rehman and Shamsher Al-Hyderi on August 27 at 4.30 pm. This was announced by the president of the KPC, Tahir Hasan Khan, on Friday.
Published 25 Aug, 2012 12:00am
Robbers kill man

Robbers kill man

Robbers shot at and killed a salesman of a local bakery for putting up resistance in the jurisdiction of Saddar Faisalabad police station. According to police, Habib Ahmad (40) resident of Chak No 28-GB was riding a motorcycle when two bandits intercepted
Published 25 Aug, 2012 12:00am
No flood threat in rivers: PDMA

No flood threat in rivers: PDMA

Provincial Disaster Management Authority (PDMA) Director General Mujahid Sherdil has said that there is no threat of flood in the rivers as the rains are normal. He said the local people had faced difficulty temporarily due to arrival of water in differen
Published 25 Aug, 2012 12:00am
Kaira assures relief assistance for AJK rain-hit areas

Kaira assures relief assistance for AJK rain-hit areas

Federal Minister for Information and Broadcasting Qamar Zaman Kaira said on Friday that the Federal Government would extend all possible assistance to the AJK government for the rehabilitation of flood victims. Addressing a press conference here after vis
Published 25 Aug, 2012 12:00am
'South Punjab' to be created by October: Dasti

'South Punjab' to be created by October: Dasti

PPP MNA Jamshed Dasti claimed that new province of South Punjab would be established in October 2012 after the recommendations of special commission constituted for creation of province. Addressing a press conference here Friday, Dasti alleged that Nawaz
Published 25 Aug, 2012 12:00am
Fazl urges India to release Kashmiri leaders

Fazl urges India to release Kashmiri leaders

Chairman Parliament's Kashmir committee Maulana Fazal ur Rehman Friday urged India to honour democratic traditions and release the incarcerated innocent Kashmiri leaders. In a statement he said the claimant of biggest democracy in the world has forcefully
Published 25 Aug, 2012 12:00am
New York cotton slumps as Beijing sale plan spooks market

New York cotton slumps as Beijing sale plan spooks market

Cotton prices slumped more than 2 percent on Friday as the market braced for the possible sale of a large portion of Chinese state reserves. Notching up its largest one-day drop since the last US government supply-and-demand report stoked concerns about a
Published 25 Aug, 2012 12:00am
Shanghai copper drops

Shanghai copper drops

Copper dropped on Friday, coming off one-month highs hit in the previous session as hopes for more US stimulus measures faded and on worrying signs that Spain, the fourth-largest economy in the euro zone, could need sovereign aid. The most active December
Published 25 Aug, 2012 12:00am
Copper falls, tin rises

Copper falls, tin rises

Copper fell on Friday due to investors' doubts about the likelihood of strong stimulus measures from the US Federal Reserve and to signs that Spain may need sovereign aid, heightening concerns about the euro zone debt crisis. Three-month copper on the Lon
Published 25 Aug, 2012 12:00am
Oil drops on reserves release report, storm limits loss

Oil drops on reserves release report, storm limits loss

Oil prices fell on Friday after a report that the International Energy Agency is likely to tap strategic oil reserves as soon as September, dropping its resistance to a US-led plan. US crude losses were limited because of the threat to Gulf of Mexico prod
Published 25 Aug, 2012 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Benchmark Tokyo rubber futures closed up 0.5 percent on Friday as short covering later in the session helped reverse early losses, while Thailand's intervention scheme and planned export curbs by top producers also supported prices. The benchmark rubber c
Published 25 Aug, 2012 12:00am
Corn and soya drop

Corn and soya drop

US corn shed over 2 percent of value on Thursday and soyabeans eased 1 percent as investors banked profits on a lack of fresh bullish news, analysts and traders said. "It can't keep going up forever. Eight dollar corn and $17 beans are pretty pricey, it g
Published 25 Aug, 2012 12:00am
Palm oil inches up

Palm oil inches up

Malaysian crude palm oil futures edged higher on Friday, rising 3.6 percent in a second straight weekly gain as global oilseed supply fears and rising export demand supported prices. "The market is trying to catch up with soyoil, especially as its premium
Published 25 Aug, 2012 12:00am
ICE sugar at 11-week low

ICE sugar at 11-week low

Raw sugar futures on ICE dropped to 11-week lows on Friday and were teetering on the brink of a bear market after key industry data showed record crushing rates in Brazil, the world's No 1 grower, reinforcing fears about a growing surplus. Coffee and coco
Published 25 Aug, 2012 12:00am
Gold rises in New York

Gold rises in New York

Gold rose 1 percent to a four-month high above $1,670 an ounce on Thursday, bolstered by hopes for a new round of US monetary stimulus and news that Spain is negotiating conditions for a possible aid package. Silver surged 2 percent and platinum group met
Published 25 Aug, 2012 12:00am
Gold eases in Asia

Gold eases in Asia

Gold eased from a 4-1/2 month high on Friday but was still poised for its biggest weekly rise in more than two months as investor expectations of imminent bond buying by the US Federal Reserve cooled slightly. Spot gold eased 0.3 percent to $1,664.81 an o
Published 25 Aug, 2012 12:00am
Gold dips in Europe

Gold dips in Europe

Gold prices eased on Friday as waning appetite for higher-risk assets and a firmer dollar prompted investors to cash in gains after a seven-session rally to 4-1/2 month highs, though they stayed on track for their biggest weekly rise since early June.
Published 25 Aug, 2012 12:00am
US MIDDAY: soya pares gains

US MIDDAY: soya pares gains

Soyabeans pared gains early on Friday, but remained on track to post their biggest weekly increase in a month, ahead of the final crop estimates from this week's Pro Farmer tour of the Midwest. Corn futures at the Chicago Board of Trade gave up gains to h
Published 25 Aug, 2012 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

COMEX copper for September delivery fell 0.90 cent to settle at $3.4835 per lb on Friday dealing between $3.4560 and $3.4945. Despite the late-week loss, copper prices posted their third straight weekly gain. COMEX volumes picked up Friday to stand at 61,
Published 25 Aug, 2012 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold prices ended flat on Friday as the market took a breather after surging to a four-month high on Thursday on fresh hopes for a new round of US monetary stimulus. Platinum posted a second strong week of gains, up 5 percent, and is up nearly 9 percent t
Published 25 Aug, 2012 12:00am
DUHS protests attack on CHK doctor, technician

DUHS protests attack on CHK doctor, technician

Dow University of Health Sciences (DUHS) held a protest meeting on Friday at Dow Medical College to condemn the brutal attack on a doctor and a technician of Civil Hospital Karachi (CHK) by the attendants of a gunshot patient who expired last night.
Published 25 Aug, 2012 12:00am
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